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

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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.


Definitions:

Ordained Ministers

Ordained ministers are individuals who have been formally sanctioned by a religious organization to conduct its religious rites, services, and provide pastoral care and leadership to its congregation.

United Church of Canada

is a Protestant denomination in Canada, known for its inclusive policies and diverse membership.

Anabaptist Church

The Anabaptist Church is a Christian denomination known for its emphasis on adult baptism, pacifism, and separation from state matters, originating in the 16th-century Radical Reformation.

Opiate of the People

A term describing something that numbs the individuals to their socio-economic conditions, often attributed to religion or entertainment.

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