Section 38 Exercise of Reserved Powers

• Library: Trust and Estate Legislation 2012

During the joint lives of the Settlors, the powers above reserved by each Settlor shall be exercised by that Settlor, and that Settlor alone, with respect to that Settlor’s separate share of the Revocable Trust. Each exercise must be in writing and delivered to the Trustee. After the death of the first Settlor, the surviving Settlor acting alone may exercise all that Settlor’s reserved...