exempt himself, herself or itself from individual liability when entering into any contract, obligation or transaction in connection with or growing out of the trust estate. The Trustee shall be fully indemnified by the trust estate against any claim or demand by any trust beneficiary or trust creditor, except for any claim or demand based on such Trustee’s own willful misconduct, willful default or gross negligence proved by clear and convincing evidence. 5.6 Special Trustee Liability Provision. The Grantor recognizes that some persons may be hesitant to serve as Trustee hereunder because of a concern about potential liability. Therefore, the Grantor directs that: (A) the Trustee shall not incur any liability by reason of any error of judgment, mistake of law, or action of any kind taken or omitted to be taken in connection with the administration of the Trust if in good faith reasonably believed by such Trustee to be in accordance with the provisions and intent hereof, except for any matter involving such Trustee’s own willful misconduct or gross negligence proved by clear and convincing evidence and (B) the Trustee shall be fully indemnified by the trust estate against any claim or demand by any trust beneficiary or trust creditor, except for any claim or demand based on such Trustee’s own willful misconduct or gross negligence proved by clear and convincing evidence. In no event shall any Trustee hereunder be liable for any matter with respect to which
exempt himself, herself or itself from individual liability when entering into any contract, obligation or transaction in connection with or growing out of the trust estate. The Trustee shall be fully indemnified by the trust estate against any claim or demand by any trust beneficiary or trust creditor, except for any claim or demand based on such Trustee’s own willful misconduct, willful default or gross negligence proved by clear and convincing evidence. 5.6 Special Trustee Liability Provision. The Grantor recognizes that some persons may be hesitant to serve as Trustee hereunder because of a concern about potential liability. Therefore, the Grantor directs that: (A) the Trustee shall not incur any liability by reason of any error of judgment, mistake of law, or action of any kind taken or omitted to be taken in connection with the administration of the Trust if in good faith reasonably believed by such Trustee to be in accordance with the provisions and intent hereof, except for any matter involving such Trustee’s own willful misconduct or gross negligence proved by clear and convincing evidence and (B) the Trustee shall be fully indemnified by the trust estate against any claim or demand by any trust beneficiary or trust creditor, except for any claim or demand based on such Trustee’s own willful misconduct or gross negligence proved by clear and convincing evidence. In no event shall any Trustee hereunder be liable for any matter with respect to which
Alaska-Perpetual-Family-Trust.docx