uniform trust code - Kansas Judicial Branch
uniform trust code - Kansas Judicial Branch
uniform trust code - Kansas Judicial Branch
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(15) pay taxes, assessments, compensation of the <strong>trust</strong>ee and of employees and agents<br />
of the <strong>trust</strong>, and other expenses incurred in the administration of the <strong>trust</strong>;<br />
(16) exercise elections with respect to federal, state, and local taxes;<br />
(17) select a mode of payment under any employee benefit or retirement plan,<br />
annuity, or life insurance payable to the <strong>trust</strong>ee, exercise rights thereunder, including exercise of the<br />
right to indemnification for expenses and against liabilities, and take appropriate action to collect<br />
the proceeds;<br />
(18) make loans out of <strong>trust</strong> property, including loans to a beneficiary on terms and<br />
conditions the <strong>trust</strong>ee considers to be fair and reasonable under the circumstances, and the <strong>trust</strong>ee<br />
has a lien on future distributions for repayment of those loans;<br />
(19) pledge <strong>trust</strong> property to guarantee loans made by others to the beneficiary;<br />
(20) appoint a <strong>trust</strong>ee to act in another jurisdiction with respect to <strong>trust</strong> property<br />
located in the other jurisdiction, confer upon the appointed <strong>trust</strong>ee all of the powers and duties of<br />
the appointing <strong>trust</strong>ee, require that the appointed <strong>trust</strong>ee furnish security, and remove any <strong>trust</strong>ee so<br />
appointed;<br />
(21) pay an amount distributable to a beneficiary who is under a legal disability or<br />
who the <strong>trust</strong>ee reasonably believes is incapacitated, by paying it directly to the beneficiary or<br />
applying it for the beneficiary’s benefit, or by:<br />
(A) paying it to the beneficiary’s [conservator] or, if the beneficiary does not<br />
have a [conservator], the beneficiary’s [guardian];<br />
(B) paying it to the beneficiary’s custodian under [the Uniform Transfers to<br />
Minors Act] or custodial <strong>trust</strong>ee under [the Uniform Custodial Trust Act], and, for that purpose,<br />
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