The Trustee shall have no right to invade principal of the Trust Estate for the benefit of the Grantor. The Grantor directs that the provisions of section 7-1.6 of the Estates, Powers and Trusts Law of the State of New York shall not be available to require any invasion of principal by the Trustee or any Court.
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This is not legal advice and an attorney should be used to prepare these documents. Many elderly fail to provide these documents for their family and when the time for care comes, family are scrambling to try and straighten out the mess. article: wills, Trusts & Powers of Attorney Find an Elder Law or Estate Attorney Find a Trust Administrator
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"The biggest mistake when it comes to passing investments on to heirs is not knowing the rules (on what will happen) when you pass away," says Patrick Simasko, elder law attorney and wealth.
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