HomeMy WebLinkAbout1338 ~ _ . . ~
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DOOK rI0 P11iE~0(r
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liabls to my wife or su~y oJwr beneficiary wuier t}us i~till by reason of
~ any such exclusion or valuatio~. HoR:~ver~ such tentativ+e deteaainations
shall bo adj~ted to oonfo:m with tho fina2 d~tsrmination, whether by •
agreement, litigation or otheYwise, in the United States estate tax pra-
oeeding in my estate and such final detsrnainations sha21 b8 used in caa~putin,g:
. (a) 1he amocmt of all pr+~party and interests in Property ,
. which qualify for said marital deductioA and wt~ch pass or have pass~d
froan me Lo my xife under any othsr provisions of this Wiil, and
(b) Tha anaurtt of the legary giv~en and bequeatb by this Arti~clo. ,
_ Such legacy may be satisfiod by distribution in cash or in kind or partly ,
in cash and partly ia kind. Each itera of property or interest -in pm-
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• perty so distributed in kind shall bc valued at the date or dates of such '
- distributian or at the valua dstermined therefor in the United States ~
. estate tax pmoeedings in my esta'te, whichever value shall be lcw~er, '
provided how~ver,~that such legacy shall rlot bo satisfied by the distri• '
bution of ~
~i) ~Y PmPertY or interest in praperty which d~oes not qua2ify .
for said marital deduction or t}so proceeds of the sale or other disposition '
of any such property, or ~ ~ ~
(ii) Any pro~erty or interest in progerty located outsid~e
ttre ikuted States of A~erica (including securities issued by or other
evidences of interests in coYporations organized outside the United States
of America) or the proceeds of the salo or other dispositiaa~ of such
' prop~rty or intorosu in proporty. or
;
; (iii) Any proporty or interest in property (including any right
~
~ to reu3ive incoaae) which shall be eligible in any way for a tax cradit or
~
~ dsductios? because it shall be subject to both Lhe inooane tax and t}1e estate
~
` tax Laider the provisic~s of the Internal Revenue Cod~e applicable to ury
! estate.
~ Ho~wever, pmporty described in clauses (ii) and (3ii) may ba
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; used to the ext,~nt that my othor Praperty or ir~terests in pr~party which
I do qualify for.said marital deduction shall be insufficienL to satisfy
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