New York | Wills and Trusts
Legal Question
Please explain the meaning of the following statement - Upon termination of the Trust, the Trustee shall distribute the principal and income of the trust to her children in equal shares, with the issue of any deceased child succeeding to the interest of their parent by right of representation.
Especially the last segment of the sentence - with the issue of any deceased child succeeding to the interest of their parent by right of representation.
Legal Answer
It means that if a child is dead, this child's children (issue) will receive his share.
Note: The above response is provided for legal information purposes only and should not be considered as legal advice. This response doesn’t create an attorney-client relationship.
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