Appointment of Trustees.
(a) Settlor (my father via my sister's PoA) appoints Settlor's son, [my brother's name], and Settlor's daughter, [my sister with PoA's name], to serve as Trustees of all trusts created by this Trust Agreement. [They] shall each have the authority to appoint his/her own successor Trustee to act in his/her own place, provided, however, any successor Trustee must be an "Independent Trustee", as such term is defined under the paragraph of the Article below titled "Independent Trustee".
(b) Settlor shall not, at any time, have any right or power to become a Trustee of any trust created by this Trust Agreement.
Family/Independent Trustee. There shall be at least two (2) Trustees of each trust created hereunder serving at all times: a Family Trustee and an Independent Trustee.
(a) The "Family Trustee" shall be related to me by blood or marriage or shall be an individual who is familiar with Settlor's family and, more particularly, with the needs and interests of the beneficiaries of the particular trust of which such person is the Family Trustee. Subject to the provisions of the following sentence of this subparagraph (a), each Family Trustee shall have the authority to appoint additional Family Trustees and/or a successor Family Trustee to serve in his or her place. Settlor's daughter, [my sister with PoA's name], shall be the initial Family Trustee of each trust created hereunder.
(b) The term "Independent Trustee" shall mean, collectively, all persons, corporations, partnerships or associations who have no beneficial interest vested or contigent in the property of the trust of which they are trustees and who, with respect to the person or persons who have authority to appoint such Independent Trustee, are not "related or subordinate parties" as that term is defined in Code Section 672(c).
(i) Settlor's son, [my brother's name], shall be the initial Independent Trustee of each trust created hereunder.
(ii) An individual named an Independent Trustee must be sui juris and neither a beneficiary hereunder nor related to any beneficiary hereunder and is (A) experienced in business or finance or (B) an attorney experienced in the trust and tax fields;