HomeMy WebLinkAbout1510
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shauld ba sold, then, amd in that event, ~y Truetae al~all ~oit? in
such a conveyance of eaid resl sstate and the gross procasds
derived fraa said eale of myr interest ehali ba trsated aa aorpus
ard at~all be invsated by ~aid Truetee in ascwritiea appraved for
itmeatm.ant by fiduciaria8 vander the laws of the State -of WeBt
virgit?i8. .
(3~ All incoms (lesa adequate funds resarved for the
payment of income ta~oes by reason of thia trust and other necesaary
expenses) derivsd from the real and personal property bequeathed
.atn,d devised nnder this article, shall be paid to mp vife, Grace W.
Talbott, at the atui of each three montb period duri~g her lifetime
and at the death of my w3fe, or her re-marriage~ sucb installments
and payments sball iamu~e,diately cease.
V (4) Upon the death, or re-marriaga, of n~y said Wife,
Grace t~i. Talbott, all of eaid incane ( less said re8erve for itticome
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~ tgxes and necessary expenses) derived fraa thie trust ahalt be paid
~ in quarterly installments to n~r two sisters, Virginia Talbott
Pierce and Sara Talbott Wagner, in equal ~hare8, an+d in tbe event
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~ of the death of
eitber o£ my said ta~o sfsters, tt~n~ the survivor ~
~ sltial.l be en~itled to all of eaid income during her lifeti~?e, and
at the death of my survivi~g sister, such installments an~d payments
shall ~diately cea8e.
(5) Upon the death of mq surviving siater, I direct =
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that thie entise txust at~all cease and terminata~ and ~aid Trustee , ~
sball im~nediately convey, transfer, aseign and turn o~ver all .
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remaining property of thia t-rust then in its custody and control
to mq niece, Sarah W. Schnably, of Wilmittgton, Delaware, as her
sole and absolute property. `
NIi~iTN: I direct that all property taxes and death, est~:~,
inheritance and transfex taxes, both State and Federal, be paid by ~
safd E~ceautor as~ part of tha expensea of - adminiatration of my entire
eatate, and ttot charged against any specific bequ~est, de.vise or trust
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8~ 167 ~1510
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