HomeMy WebLinkAbout2512 _ . a .
: • , . ' . ' .
~ ~ ~ '
; . '
. ,
~ If among m~ grandohiidren and my daughter-in-1aN
~ there shall be only one aurvivor, it is n~q inten- ~
tion that said survivor shall•taloe t~he entire ~
; ~ trust estate but shall be limited as to time of ~
, diatribution as herein provided. ~ .
~ H. The trustee is hereby directed to segregate all •
oP the income received by it f'rom the Mutual
~ • ,Trust Life Ineurance Company oP Chicago Por insur- ~
' ance renewals and shall hold said insurance reneMrals
Por the benefit of at,y grandchildren. The trustee -
~ shall divide the insurance reneiials received by it
. ~ into as many parts as there are grandchildren and
may use and disburse Por the education oP any of
my said grandchildren from his respective ahare such ~
- . amount from time to time as the trustee shall deem
necessary and proper. When the your~geat grandchild ~
livi at a~y death shall reach the age of t~rent~t-
. Pive~25). years, or if said youngest grandchild
shall die prior to reaching said age,'then when said ~
grandchild xould have reached said age iP he or ahe
had lived, then the truatee shall distribute to each
. of said grandchildren one-hal£ oP his or her respeative
share. When said youngest grandchild shall reach the
. age of thirty (30) yeara, or in the event that said
youngest grandchild shall die prior to reaching said age,
. then when said grandchild xould have reached said age iP
he or she had lived, then the trustee shall distribute
to each of sa.id grandchildren the balance of hia or her
respective share. If an~y grandchild shall die prior to
~ ~ distribution, then his or her sha.re shall be added,
divided equally between the then living grandchildren.
The truatee shall have the same poxer and authority over
. the handling oP the renexals and the investa~ent.oP said
. funds as it has over the ha.ndling of all other property
in this trust estate. The truatee may in its discretioa
if it becomes absolutely necessary for the proper care
~ of tqy wife, use the net income and~ principal received by
~ it Prom the insurance renewals, Por the care, support _
! and maintenance of nq~ wiPe, Marion K. Beclaaan, to the
i exclusion oP n~r grandchildren.
- VI
I nominate and appoint Marion R. Beckman, m~ xife, ~
~ as executor oP this, ma1 Last Will and Teatament, rrithout the
~ necessit of ivi o
~ y g ng b nd to qualii~r as auch. IP the said
Marion K. Becl~,an shall predecease me, or refuse or be in-
. ~
~
; capable of assumir~g the duties af executor, or in the event
~ {
~ .
. ~
~ ~t
~ Page Si~c f
(SFAL) t`
~
. ,
~
. - ~
~ ~i73 ~24~ ~ ~
. ~ ~
~ ~ k . - -..o... x : --,..r..._-~,_ _ _ _