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HomeMy WebLinkAbout0738 . . ~ S.-r - the Successor Trustee shall hold tAe m~st asseu in continuins trust unW such beneBciuy attains t!u aae ot twenty-one years. Durina wch period ot continuing tnut tAe Successor Truslee, in his abaolute discretion, may rctain the speci6c uust prope~ty hercin described if he betieva it i~ the best intercu of the beneficiuy so to do. ot be may seQ or otl~envi~e dispose o( such specific Uusi propertr. , ievesting and reinvesting the proceeds as he may deem apaopriatt. If tl~t specific trust pwpert)r s6s11 be productive of incane or it ~ it be sold or otherwix disposed of. ~he S„ccessor Truuea may appt~, or e~peaa anr or an of ~e inoome or aincip~~ airec~~y for ~he ~ ` maintenance. education and support of the minor beacbciary wit6ou! ~tbe iaterveation M u? ~ t Y tw~ian and ~vithout application to any eourt. Such psyments of income or principal may be made to tbe Qarcets ot wch minor or to the persa~ with ~rhom the miaor is livina without anr liability upon the S~xYessor Tnwa to see to the appliation thercoL lf any such rguar wrviva me but dia befooe ihe aae of twenty-one years, at his or 1~ dath ~he Successor Trustte shall deliver, p~y rner. tnrafe~ and d'avibute the tnut propeny beiag heW for suc6 minor to said minor's petsonsl representatives, absoluuly. ~ 2. I raerve unto myself the power and riaht to rnlkct any rental or other income which may sccrue trom the tnnt property and, in my sok discretion as trustee, either to accumubte such incame as an addition to. the trust assets being hcld hercunder or pay such incane to myself u an individwl. ' 3. I raetve unto myselt the power and riaht at any time during my lifetime to amend or revoke in wtak or in put the trust hereby created ~vithout the necessity ot oMainins the oonsent o? any beneficiary and ~vithout aivina notioe to any bene6ciary. Ths sak at otBer disposition by ax ot Uie wbole or anr~ put of the property held hercunder shall oonstitute as to such whok or p~rt a revocation of this wst. . 4. The death durins my lifetime, or in a common accideot or disaster with me, o( all of 1he beneficiuies desipwted hereunder t shall revoke such dai~nation, and in the torme~ event, 1 rcserve the right to dai~ale new beneficiaries. Sha~ld [ for any reason tail to daignate wch new beneficiaries, th~t trwt sAall terminate upon my dath and the trust property shall rcvert to my estau. S. In the event ot my death or k~al incapacity. I hereby nominate and appoint as Sucoasor '~'rustee hereunder tl~e beoeficiary first above n+uned. ualess such beneficiary be a minor or leplly incanpetent. in ~vhich erent t hereb~r naninate and appoint as' Successor Trusiee IKreunder the beneficiary ~rha~e name app~e~n secad abprt. If such _ btneficiuY named seoond abore ahaU be ~ miaor or k~a11Y- incanpeteot, then I nori~ir~ate and appoint as Suocasor Trustee hereunder: . ~ ~N~) . . - (Address) Number Sveet City State 6. This Declaration of Trust sAall extend to and be bindinj u,~on the heirs, ea~ecutoa, admiaisttators and aui~ of tbe under- ~ sianed and upon tbe SuccessorS to the Tr.utee: ~ ~ 7. The Trustee and his successors shall sern without ba~d. i i 8. TDis Dcclaration of Tn~st shall be oonstrued and mforced in accordance with Ihe laws ot the State of Fla~ida " IlY WITNESS WHEREOF I have hereunto set my hand and seal this 3~h day of October ig 70 ~ ~ ~ ~ r ~ (si /ttre .S. ; W . u~..;~~ ~u2~ ~ ~sa• ci) ~ ~ ~ w-,~: c2) - ~~;T2~ 2CG9 N. . ~ ~ - ~ . ao ~ • ~t~,aJ ~ ~ ~ On tb' ~ ~ay , nmetoen hundrod a bCfO[~C IDC • ~ known to me to pe tbe iadividusl describod in, and who executed the forcgoing instruaxnt, and _-6e /~knowtodged that _~e_ .,,~•i j_ ~t1~.f~ptx, and in due form of law acknowkdge the foregoing instrument to be free act and dee~3~ ' misltt be rccurded as such. ~ ~ 1 pdoesty Sa4 ~ ~ ~ a - ~ " ~ Notary Pubiic jT, s`; 1 s.-~_ ' Notary Fu~lic. St~tc ol R-r ,t 1.;.: ~;e - . ; /f . ' - • ~ ~ Atiyto:r...is_iai..-,'::•s i•if2 / \ * ~ ~ •,.i ar A at . f... 3 - .v w.tt,io. ~ , ~ _ ~ i ~ _ s~.:-r «^s T.~.~ :ii ~'~u. ' , ~ ~~h.~ ; _ .