HomeMy WebLinkAbout0362 ~ ' a::~~ ~~)'l +~a;.t ~16
3. The trusts hereinbefore constituted shall terminate at the _ #~y3i
death of the last surviving grandch3ld among those who are
livin.g at the time of the death of the firat to die of my wife
and me. Upoa such termination, I direct that the corpus
and all ~distributed income of till of the trusts hereinbefore
constituted be distributed to the sur~riving issue of my said
grandchildren, per atirpes.
4. In the event that any beneficiary of a trust estate created
herein, or any portion hereof, shall be leas than twenty-
one yeare of age when any income or corpus shall be pay-
able to him or her under t~he terms of such trust, or for
any reason aha~ll in the opinion of the Trus~ees be unable
to properly administer such income or corpus, the Trustees
shall make such payments in one or more of the following
ways;
(a) By using the income or corpus directly for the support,
maintenance, education, comfort and medical care of such
beneficiary; .
(b) By paying it over directly to such beneficiary;
(c) By payi.ag it over to the legal guardian of such bene-
ficiary;
(d) Or by paying it over to any relative or friend of such
beneficiary to be expended by such relative or friend for
the support, mairrtenance, education, comfort and medical
. care of such beneficiary.
5. No beneficiary of any trust created Y~erein shall during the
continuance of the trust acquire any right' in or title to any
corpus or income otherwise than by and through the actual
payment of such corpus or income by the Trustees ~o such ~
- beneficiary, subject to the proviaions of paragraph 4 of this
Article; nor shall any beneficiary have the right or power
by draft, assigament or otherwise to transfer, assign, anti-
cipate or mortgage, or otherwise to encumber in advance
any corpus or income or to give orders in advance upon the
Trustees for any corpus or income; nor shall any such in-
terest of any beneficiary be subject to seizure or sequestra-
tion for the payment of any debts, torts, alimony, separate
maintenance or other liabilities of any such beneficiary, or
to be transferable by operation of law in case of insolvency,
bankruptcy or otherwiae.
6. Irrespective of any other proviaion contained herein, it is
expressly directed that in no event shall any part of the trust
estate be held in truet for a longer period than ie allowable
urider the lawa of the State of Oklahoma in force at the date
of my deaYh, and at the expiration of that time the entire
corpus and all undistributed income of the trust estates sha11
be paid over to and distributed among the beneficiaries en-
titled thereto, in the same proportions to which they are
entitled to such income.
Page 6 ~
~
~ ~
~
} . ~ Bo~K~.~~ P~ 36~
' ~c ~43 ~~~~3a - - - _