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HomeMy WebLinkAbout2382 _ - . - , , . . • _ . ` ~ ~ ~ ~ ~ . ~ ' ~ ability of nun-uge is removed by marriage or otherwise. payments shall continue without deduction evea though temporary custody or one or more of the children may be aith the Husband and even though one or more of the children may be away at Rchool, camp or otherwise. 4. The Husband shall pay to the Wife for her support and maintenance, the sum of TWENTY FIVE THOUSAND DOLLARS ($25,000.00) per year, payable in twelve (12) equal monthly payments, payable in aavance on the first day of each month, which said payments ~shall terminate ~ upon the death of the Husband. The Husband agrees and binds himself to pay to the Wif e, for her support and - _ . f _ maintenance~ the sums:set forth in this Agreement so long as she remaiAS alive and unmarried. The Husband further agrees to pay to the Wife lump sum alimony in the sum of $17,000.00 within one year from date hereof. ' 5. The Husband agrees to make and keep in effect during his lifetime a Will devising and bequeathing ~100~J00;00 of his net estate to the Wife and not less than one-half (1/2) of his net.estate to the~children - I~ of this marriage. The term "net estate".as used above . ' r . shall mean the Husbandts gross estate less funeral and ~ j~- . . ~ - testamentary expense debts and inheritance taxes of every kind. ~ _ . • . ~ % ~ , . , - , 6. If on any applicable income tax return da~ce~ ~ . - : hereafter the parties are still united in marriage, the Wife and Husband shall file separate iederal income tax returns and the Wife shall pay the federal inconie tax on ~11 support and maintenance monies received by her fro~: ' t~e Husband and on any other inco:ne she may r~ceive. - ~ IF is a2so ao2•eed: (a) The Husbind represents and uar~-ants t~ the ki:o ~hat he has duly p~id 111 income taxes on all joiu~ returns pi•evi4usly filed bS• the partics; and th:.t no ~ - 2- ~~~~F•at~nx. nu~~~n• :~~~r? n~rt.t: BOOK193 ~vv ir,•~i:•.r.~• ~r t..~u