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" ... Give Trustees Guidance and Make Distributions Discretionary: Giving the trustee broad discretion on when to make distributions, or not, can create the flexibility to make distributions to enable a beneficiary to fund charitable gifts, or to pursue lifestyle decisions that can foster volunteerism and other noble acts. Consider including in the trust instrument precatory non-binding language that encourages the trustee to make distributions that support these actions. For example, consider some of the following languages: “The Settlor encourages beneficiaries to live independently and not have trust assets substitute for personal work efforts. Beneficiaries are encouraged to pursue careers, philanthropy, volunteerism, parenting, and whatever brings them personal fulfillment and benefits those in greater need and society as a whole.” The trustee could thus defray beneficiaries living expenses to permit the beneficiary to spend more time volunteering or to use some of the distributions for charitable gifts. ... "
" ... I am Managing Director, International, of Acton Institute, and immediate President of the Philadelphia Society. From 1991 until December 31st 2017, I was president of the Atlas Network. I am a member of the board of advisers to The Center for Vision & Values and a trustee of Grove City College, I am also the president and founder of the Hispanic American Center of Economic Research. I serve on several boards including the Chase Foundation of Virginia, the Fraser Institute (Canada), and am an Active Honorary Member of the John Templeton Foundation. In 2014 I received the Walter Judd Freedom Award from the Fund for American Studies. ... "
" ... I joined The New School in 2008 after 25 years as a professor of economics at the University of Notre Dame. My recent book, co-authored with Blackstone's Tony James and titled, Rescuing Retirement, charts a visionary, bipartisan, and simple path to solving the retirement crisis. I also wrote How to Retire with Enough Money, with Workman Press. I am a trustee of the $53 billion Medical Health Care Trust for GM, Ford, Chrysler UAW retirees and past trustee of the Indiana Public Employees Retirement System, Commissioner on the Bipartisan Policy Center’s Personal Savings Initiative; member of the Pension Benefit Guaranty Corporation advisory board, serving from 1995- 2002. ... "
" ... Meanwhile, after the trustee distributes the proceeds of your asset sales to your creditors, your debts will be considered legally settled. You have to be careful not to reaffirm your debt by agreeing you owe money, agreeing to pay money or making any payment after bankruptcy. Otherwise, you'll be right back where you started, but your personal debts will be cleared. That will mean reduced, if not eliminated, monthly payment obligations, which may mean pulling less income out of your business and keeping it afloat instead. ... "