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HomeMy WebLinkAbout0674 r t : . the Successor Trustee sAall hold Ihe trust asxts in cootinuing trust u~tit sucA bet~d'iciary attains the age ot twenry-one years. During such period of continuing trust thc Successor Trustee, in his absolute discretion, may retain the speci6c trust p~operty herein described if he believes it in Ihe bcst interest of the beneficiary so to do. or he may seU oc otherwise dispo~e of such specific uust property. investing and reinvesting the proceeds as he may deem sppropriate. If the speci6c trust ptoperty shall be productive ot income ot it it be sold or otherwise dispo6ed of. the Successor Trustee may applY or e7~pend any or all of the income or principal direcUy for the maintenance, education and support of the minor benebciuy ~vithout the intsrvention of any ~tardian and without application to any court. Such payments of income o` princip~al may be.made to the pnrents of wch mirar or to the person with whom the minor is living without any liability upon the Successor Trustet to scs to the applicatio~ therco[. it any such rninor wrvivrs ms but dia before the age ot twenty-one yesrs, at his or her death Ux Successor Trustee shall deliver, pay over, transfer and distribute the trust property being held for such minor to uid mirwr's pcrsonal reprcsentatives, absolutely. 2. 1 raerve unto myselt the power and right to colkct any rcntal or othe~ income which may accrue trom the trust property and, in my sok discretion as uus~ec, either to accumulate.such income as an addition to the trust assets being held he~cunder or pay such i~come to myself u an ir?dividual. • 3. Y reserve unto myxlf the powu and right at any ~ime duri~a my lifetime to amend or revoke in whok or in pan the tnut hereby creatcd yvithout t1rc nectuity of obtaining the oonsent of any beneficiary and w~ithout siving notioe to any bene6ciary. The sak or other d'uposition by me of the wAok or any part of the property heM hercunder shall rn~utiwte u to such whok or pan a revocation of this trusi. . • 4. The dcath during my lifetime, or in a common accident or disaster with me, of all of the beneficiaries desi6nated hereunder shall rcvoke such designation, and in the former event, I rcserve the ri~ht to designate new beneficiuies. Should i foi any reason fail to designate such new be~seficiaries, this vust shall terminate upon my dtath and the trust property shall revert to my estate. S. In the event of my desth or legal incapscity, I hereby nominate and appoint u Successor Trusta hercunder ~he beneficiary - fint above named, unlas such beneficiary be a minor or kgally incompeten~ in wrhich event I hercby nominate and appoint as Sus~ceswr Tnutee 1Kreunder the bene8ciary whose name appean secand above. If ~such beneficiary named second above shall be a ~ minor or kgally incompetent: t6en i nani~rate s~nd appoint as Successor Trustee hereunder: (N~, . • - (Address) Number Streec' City Stste 6. This Declantion of Truu shall exterd, to and 6e bindina upon the heirs, exceutors, adminisuators and assian; of the undcr- j si8ned and upon the Successors to the Tr.utee. ~ 7. The Trustee and his successors shall serv~ without twnd_ ~ 8. This Declaration of Trust shaU be conttrutd and enforced in accordance with the laws of the State of 4 } I Florida ~ ~ IN WITNESS WHEREOF t have hereunto set my hand and seal this_ day of . 19_Z~. (si htre) . .S. . Wimess: (1) / ~ . ~ w~: (Z~ ~ . a { ~ s~ ~ ti~~~iQ, " ~ ` ~ ~ ~ ss: - ~ } Couaty of-, ^ ; On ~e ~ Y o 1~~~~ ~ , nineteen hundred , ~ l~-~' beforc me _ known W~e to be the individual described in, and who executed the foregoing instrument, and~ ~c~knowledged that _~.~•the same, and in due form of law acknowledge the foregoing instrument to be free act and dee~ ~'d~!ed: t~e, aame might be recorded as such. - ~ 'i' sM ;;v _ n'~N~t/~ ~ ~ V ' ~ ' ' : • L~~~ _ . j"' _ ~ ' } _ , Na8i~l Pl/Vlw~ .o - - D~~. t:o:c• a~ i::~i.:- :w:.e ~s . .$~1~ ~ ~ t,~~ C~;:,:::ss:i.:+~;;,s~es !z.~. 2~. ii%2 - ' Oan6W 67 Ae.~r ~.aa i.n i C~W:rr Co. ' . ~ • - s:z ° ~ -.s.s ' . _ _ ` ' .r' ~ T ~Y i $,w . . c$