HomeMy WebLinkAbout2487 . . • • , ' - .
. If ~y said Y12'e ehall survive me, I g2ve to
:;wi~;t~st~ee ~rersinafter named and ita successors, in tivst, an
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MoYttt eQu~l to one-third (1/3) of my ad~usted gross estate
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taderal esta te tax pu~oaea, xhich amount ahall be
t
` ~ b~ the value for federa2 eatate tax purpoaes of
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~il ot~er iteas in my gross estate wh:ch qua:ify for the
~ast~te tsx marital deduction al~~xable in deteimining the
,!`ederal estate tax xith respect to ~y eatate and rrh3ch pass or
' base pasaed f'ram me to my said Kife under other provisions of thi
xill or outside th±s Mill by operation of law or othertiriae.
In ~sking the camputations necessary ta detenaine the amount
of this gitt, the t3na1 detenalnatSons 3n Lhe tederal eatate
taZ proceedinga Kitr, respect to ~ay estate shall c~ntro~. If
the te~s "ad~usted gross estate" and "marital_deduction"
s~tl~ not hsve determinabie meanings at the t'~me ot mJ deeth,
the~ ahs21 have the meanings as pr~v;ded by Section 2056 of the
. Iaternal Revenue Code of i~5~ as in f~:~e at the time of the
lsecution of this wiy2. Only asaets which qualify fcr the
federa2 estate taz marital de~uctlcn s?ial~ be ~ranaferred to
' said truatee in satisfaction o° tn:s gift or sold to raise cash
~tith Mhieh to aatisfy it. Paqment of this aift may be made
~olly or part2~ 3n kind by transferring to said trustee specific
f teQUritiea or other personal property at values ~urrent at the
date of tranafer. T:~e trusLee ahali Rcld and d3spose o-° the
trtst property as a separa~e and distinct txvst as follows:
A, The trustee ahali pay the net income from the
ti~te of death ~o ray sal~ wife ::r her ::fe, such paycr:er.ts
to be madt at tia~es fiaed by tte trusLee hut at ]east as aften
ae quarLerly an~, if practic~Dle, Sn rcgaia: ~er::,~i~ pay,z~er.ts,
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