Family Trust definition

Family Trust means, with respect to any natural Person, a trust, limited partnership or limited liability company benefiting solely such individual and/or the Family Members of such individual.

Family Trust means, with respect to any individual, trusts or other estate planning vehicles established for the benefit of Family Members of such individual and in respect of which such individual serves as trustee or in a similar capacity.

Family Trust means a trust, of which at least one of the trustees is an Eligible Person and the beneficiaries of which are one or more of the Eligible Person and the spouse, minor children and minor grandchildren of the Eligible Person;

Examples of Family Trust in a sentence

The Individual Guarantor is the settlor and either the sole trustee or one of the trustees of the (i) GST-Exempt Family Trust under the ▇▇▇▇▇▇▇▇▇ 2012 Family Trust Agreement dated December 19, 2012, (ii) GST-Exempt Family Trust under the ▇▇▇▇▇▇▇▇▇ 2020 Family Trust Agreement dated June 5, 2020 and (iii) ▇▇▇▇▇▇▇▇▇ 2023 SR Trust dated May 3, 2023 (collectively, the “Guarantor Trusts”).
Xxxxxx, subject to any duly consummated change in the trustee that occurs and is communicated to Buyer after the Agreement Date (provided that no such change shall affect the validity of this Agreement as to the Xxxxx Xxxxxx Family Trust dated September 23, 2002).
The Xxxxx Xxxxxx Family Trust dated September 23, 2002, is a duly formed and existing trust and the duly designated and authorized trustee thereof is Xxxxx X.
Xxxxxx individually and as trustee of the Xxxxx Xxxxxx Family Trust dated September 23, 2002 (the “Xxxxxx Oilers Agreement”).

More Definitions of Family Trust

Family Trust means a trust in which:

Family Trust means a trust:

Family Trust mean, with respect to Xxx Xxxxx, trusts, family limited partnerships or other estate planning vehicles established for the benefit of Xxx Xxxxx or his Family Members and in respect of which Xxx Xxxxx or one or more of his Family Members serves as trustee or in a similar capacity.

Family Trust means the Harold C. Simmons Family Trust No. 2, which was established for the benefit of Lisa K. Simmons, her late sister and their children.

Family Trust has the meaning set forth in the preamble hereto but shall also be read to include any trust for the benefit of any spouse, descendant, sibling or descendant of a sibling of Xxxxx X. XxXxxx that shall hereinafter become a party to this Agreement.

Family Trust means, with respect to an individual, a trust for the benefit of such individual or for the benefit of any member or members of such individual's Immediate Family or for the benefit of such individual and any member or members of such individual's Immediate Family (for the purpose of determining whether or not a trust is a Family Trust, the fact that one or more of the beneficiaries (but not the sole beneficiary) of the trust includes a Person or Persons, other than a member of such individual's Immediate Family, entitled to a distribution after the death of the settlor if he, she, it, or they shall have survived the settlor of such trust and/or includes an organization or organizations exempt from federal income taxes pursuant to the provisions of Section 501(a) of the Code and described in Section 501(c)(3) of the Code, shall be disregarded); provided, however, that in respect of transfers by way of testamentary or inter vivos trust, the trustee or trustees shall be solely such individual, a member or members of such individual's Immediate Family, a responsible financial institution and/or an attorney that is a member of the bar of any state in the United States.

Family Trust means as regards any particular individual member or deceased or former individual member, trusts (whether arising under a settlement, declaration of trust or other instrument by whomsoever or wheresoever made or under a testamentary disposition or on an intestacy) under which no immediate beneficial interest in any of the shares in question is for the time being vested in any person other than the individual member and/or Privileged Relations of that individual; and so that for this purpose a person shall be considered to be beneficially interested in a share if such share or the income thereof is liable to be transferred or paid or applied or appointed to or for the benefit of such person or any voting or other rights attaching thereto are exercisable by or as directed by such person pursuant to the terms of the relevant trusts or in consequence of an exercise of a power or discretion conferred thereby on any person or persons;

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