Upon the death of the beneficiary, all funds remaining in the long-term intergenerational security trust shall be distributed to the beneficiary's estate, and all undistributed income shall be included in the beneficiary's final tax return.
Structure Arkansas Code
Title 28 - Wills, Estates, and Fiduciary Relationships
Subtitle 5 - Fiduciary Relationships
Chapter 72 - Particular Trusts
Subchapter 5 - Long-Term Intergenerational Security Act of 1995
§ 28-72-502. Legislative intent
§ 28-72-504. Long-term intergenerational security trust agreement
§ 28-72-505. Tax and penalty on earnings