HomeMy WebLinkAbout2140,, ~
'
~
shall divide the principal of the trust ~includinq any amounts
which may be added thereto under the last will and testament
of the Grantor) iato two parts, a "~ife's Part' and a "Family
Part", to be determined as followss
(A) The "Wife's Part" shall consist of a
fraction of the entire principal of the trust (i.e.,
before any deduction therefrom for the payment of
any debts of the Grantor, or funeral expenses or
expenses of administration of his estate, or estate,
inheritance, legacy, successions transfer or like
taxes, state or federal, including any interest
and penalties thereon, becoming payable because of
the death of the Grantor all of which, if payable
by the Trustee hereunder, shall be payable from and
chargeable only to the property coanposinq the
'Vineyard Family Trust") determined as follows:
(i) The numerator of said fraction
shall be:
a. fifty percent (50$) of
the Grantor's adjusted gross estate
as defined in the Internal~Revenue
Code of 1954, or as it may be
amended from time to time, and as
finally determined for federal
estate tax purposes; minus
b. the aggregate value, as
finally determined for federal estate
tax purposes, of all properties and
insurance (other than properties
4. soo~~79 X2138