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Financial record

Trust agreement provisions on trustee powers over property and securities

A page of boilerplate trust agreement clauses describing trustee powers to acquire property, borrow and lend money, and distribute income or principal.Machine-written summary

(d) To acquire and retain property without regard to any principles of diversification.

(e) To acquire, exercise or sell conversion, subscription and other rights and options, and to grant options for any period of time.

(f) To hold securities in the names of nominees or in such form as to pass by delivery.

(g) To employ attorneys, accountants, investment advisers, security analysts, brokers, agents, clerks, bookkeepers, stenographers and assistants, and to pay on a regular basis the fair and reasonable value of their services, and in connection with this power a Trustee who is an attorney, an accountant or a broker or any firm of attorneys, accountants or brokers of which a Trustee is a partner or employee may be retained on behalf of the trust hereunder and compensated for services rendered.

(h) To borrow money for any purpose, including but not limited to the payment of taxes, this power to include the power to borrow from income for the benefit of principal or from principal for the benefit of income, with or without interest, and to pledge or mortgage property as security for money borrowed.

(i) To lend money or other property to any person, corporation, partnership, estate, trust or other entity, including a beneficiary hereunder even if such beneficiary is a Trustee, and to lend, without interest, income to or for the benefit of principal and principal to or for the benefit of income.

(j) To distribute income or principal in cash or in kind or partly in each. Such distributions may be made to any trustee, beneficiary or remainderman with

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