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HomeMy WebLinkAbout0204 Only asseta vhich qualify for the marital deduction shall be allotted to this SHARE to the extent~ also~ that other assets qualifying for the marital deduction~~are available~ this ~ SHARS shall not be satisfied by the distribution_of: 1. Aesets With respect to which a credit for foreign taxes paid is allo~able under the Internal Revenue Caie; or 2. Asaets which may be sub~ect to both income and estate taxes and Which may be eligible for a c~redit or deduction. The Trustees are specifically authorized to satisfy said share in money or in kind or partly in money and partly in kind; and if vhollq or partly in kind~ to select and allot to this SHARE, the specific asset or assets so selected; provided, however~ that any assets transferred in kind to satisfy this SHARE shall be valued for that purpose at their fair market values determined as of the date or dates of their transfer. Assets, includin~ cash, allotted to this SHARE shall~ ia the aggregate~ be fairlq represen- tative of all appreciation and depreciation in the value of all ~ property hereunder vhich may occur to the date or dates of allot- ~ - f inent~ and this SHARE shall carry with it its proportionate share ~ ~ ; of all net income received. ~ In establishing the ARTHUR B. HANSEN SHARE, the Trustees shall ~ ~ ~ not exercise any discretionary power in any manner which would s 5 a disqualify the SHARE for the marital deduction. ~ ~ If the apportionment of. the property as hereinabove provided ~ ~ ~ shall result in no property being allocated to the ARTHUR B. HANSEN , ; ~ SHARE~ then all of the property held hereunder shall be administered : ~ ~ " ~ ~y aad disposed of as is hereinafter provided with respect to the ~ 3k property comprising the GUDRUN HANSEN FAMILY TROST. ' If the Grantor's spouse shall not survive the Grantor~ then ; the corpus and undistributed income shall be distributed pursuant - ~ '~y~~ to the termination provisions of the GUDRUN HANSEN FAMILY TRUST~ ~ ; =;:`x hereinafter set forth. - - -3- ~.s; j ~ri~ y,~~ BOOK~~ PaCE C~~ _