A (First-, Second-, Third-) Tier Distribution Is One That the Trust

question 121

Short Answer

A (first-, second-, third-) tier distribution is one that the trust agreement requires to be made by the trustee to the income beneficiary.

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Definitions:

Unexpected Assignment

A task or project given with little to no prior notice, requiring immediate attention and action.

Stress

The psychological and physical response to perceived challenges or threats in one's environment.

Reflect

To think about something in a purposeful way with the intention of creating new meaning.

Peak Performer

A person who is successful and desires to pursue a lifetime of learning.