Discretionary powers to administer and manage the trust

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Reference no: EM133589410

Question

Chizu creates a revocable living trust of $200,000 to be shared equally among his four minor grandchildren, Lin, Connor, Jiro, and Anne. The trust is separate from Chizu's will. Chizu names his attorney, Kelly, as the trustee and gives Kelly wide discretionary powers to administer and manage the trust.

Reference no: EM133589410

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