Conversion to a total return trust does not affect any provision in the trust instrument: (1) directing or authorizing the trustee to distribute principal; (2) directing or authorizing the trustee to distribute a fixed annuity or a fixed fraction of the value of trust assets; (3) authorizing a beneficiary to withdraw a portion or all of the principal; or (4) in any manner that would diminish an amount permanently set aside for charitable purposes under the trust instrument unless both income and principal are so set aside. distribute principal; distribute a fixed annuity or a fixed fraction of the value of trust assets; or all of the principal; or permanently set aside for charitable purposes under the trust instrument unless both income and principal are so set aside.
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