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Who gets trust income when facility is sold to for-profit?

Who gets trust income when facility is sold to for-profit?

Who gets trust income when facility is sold to for-profit?

Who gets the income from a Foundation when one of its designated beneficiaries is sold to a for-profit organization? Even the most carefully drafted documents can be deemed ambiguous and ripe for later litigation. Anne Kilcawley Christman created a living trust in 1993 which established the Anne Kilcawley Christman Foundation with eight designated charitable beneficiaries to receive the income equally: (1) Canfield Presbyterian Church; (2) the Ohio Presbyterian Home, commonly called Park Vista; (3) the Youngstown Health Foundation of the Western Reserve Care System; (4) Lake Erie College; (5) Hospice of the Valley, Inc.; (6) The Butler Institute of American Art; (7) The Mahoning Valley...

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