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Contract analysis / dynasty-trust-beneficiary-schedule.docx
dynasty-trust-beneficiary-schedule.docx
High · 0
Medium · 1
Standard · 0
1. Eligible Spouses are entitled to HEMS distributions only and are not eligible for broa
1. Eligible Spouses are entitled to HEMS distributions only and are not eligible for broader discretionary distributions from the Trust.
2. Eligible Spouses are not members of the Distribution Committee and have no voting righ
2. Eligible Spouses are not members of the Distribution Committee and have no voting rights or decision-making authority with respect to Trust distributions.
3. Eligible Spouses hold no limited power of appointment, general power of appointment, o
3. Eligible Spouses hold no limited power of appointment, general power of appointment, or any other power of appointment over any Trust property.
4. Eligibility as an Eligible Spouse ceases automatically and immediately upon the entry
4. Eligibility as an Eligible Spouse ceases automatically and immediately upon the entry of a final decree of divorce, annulment, or legal dissolution of the marriage from the applicable Primary Beneficiary or Descendant Beneficiary. A former spouse shall have no further right, title, interest, or claim in or to any Trust property following such cessation.
5. These limitations apply to all Eligible Spouses in all generations, in perpetuity, for
Medium
⚑ Forum / governing law
5. These limitations apply to all Eligible Spouses in all generations, in perpetuity, for the entire duration of the Trust under Delaware law. End of Schedule B — Beneficiary Designation and Per Stirpes Schedule Caldwell Family Dynasty Trust Agreement dated April 1, 2023 Trust Name: | Caldwell Family Dynasty Trust Trust Situs: | Delaware Governing Law: | State of Delaware (perpetual trust statute; no rule against per