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Home My WebLink About0203 The Grantor reserves the right at any time and from time to time~ by an instrument in vciting duly acknowledged and delivered to the Trustees to amend or , revoke the Trust in whole or in part. ARTICLB 3 - GRANTOR'S DEATII Upon the Grantor's death if the Grantor's spouse~ ARTHUR B. HANSEN survives the Grantor~ the Trustees shall divide the property held hereunder~ including any property received under the Grantor's will or otherWise, into two separate parts to be designated as the ARTHUR B. HANSEN SHARE and the GUDRUN HANSEN FAMILY TRUST, respectivelq. ARTICLE 4- THE ARTHUR B. HANSEN SHARE The ARTHUR B. HANSEN SAARE shall be distributed outright to the Craator's spouse. ARTHUR B. NANSEN. This ARTAUP. B. HANSEN SHARE sh~ll l~e a fractional share of the Grantor's Trust~ calculated as follows; f f E 1. The numerator shall be the maximum marital deduction i allowable in determ~ning the federal estate tax pay- ~ able bq reason of Grantor's death, minus the value of ~ all other property interests included in Grantor's I ; gross estate for federal estate tsx purposes which ~ pass or have passed to or for the benefit of Grantor s ' spouse~ either under the Grantor's will or in any ~ manner outside of the Grantor's will otherwise than by ~ the terms of this Article in such manner as to qualify ~ for and be allowed as a marital deduction. ~ ~ ~ 2. The~denominator of the fraction shall be the value of ~ the aforesaid property held hereunder. ~ In making the computation necessary to determine such ~ ~ ~ fractional share~ the final determinations in the federal estate ~ tax proceedings in the Grantor's estate shall control; and auch ~ ~y share shall not be reduced by any estate~ inheritance~ transfer~ J` succession or like taxes. Wi~enever used in~this Article~ the `..Y - words "marital deduction~" "pass," and "gross estate" shall have ~ the sawe meaning as said words have under the provisions of the ~ r~~ Federal Internal Revenue Code applicable to Grantor's estate. ,"r,~-_ ~3 L '.~>Y a aooK 226 PacE ~~3 s:yf -