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Glossary of Terms


Amendment of Trust:

An addition which alters the original terms of a trust, the power to accomplish which may be reserved by the settlor in the original trust instrument.

A trust amendment may be made during the lifetime of the Creator of the Trust, except that the trust may not be altered during periods of incapacitation. Trust amendments should always be in writing, signed by the Creator of the Trust, and where the amendment affects the beneficial interests of any of the Trust's beneficiary's then the amendment should also be notarized.

   
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