Publisher's Synopsis
"The writer suggests and analyzes provisions and systems that are designed to enhance flexibility, and to define its limits, in the planning of trusts and estates. The purpose is to cope with uncertainty. Although subtly in some cases, all of this book relates to flexibility. Some of the forms (for example, Form 3.1 through Form 3.4) preclude flexibility and are included solely for purposes of comparison. Some (for example, Form 3.5, which disposes of a self-adjusting number of shares, and Form 3.6 and Form 3.7, which create formula-determined dispositions) show that flexibility is important even if no one is to possess any discretion. Others (for example, Form 21.6, Form 21.15 and Form 21.16) are drafted in terms of the outer limits of flexibility and are intended to enhance the ability of a power. holder to operate within the limits"-- Provided by publisher.
