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HomeMy WebLinkAbout2814 ~i~r Fi~ PAG~ ::~.ci : ~ determined for probate purposes, after the payment of all debts, claims ; . ~ and expenses of administration, ~ Szction 3, Designation of Praperty. I authorize my executors ~ ~ to pay over, deliver. assign, transfer and convey to my wife and to my ~ trustees, in satisfaction of the foregoing devises and bequests. cash or pro- perty in kind; to select and designate the property, whether cash or securi- ~ ties, or real property,'or interest in real property, which shall be paid to ~ i : my wife or placed in trust, but only at values thereof as finally determined ~ ~ _ for federal estate ta~c purposes. In no event shall there be paid to my wife ~ 1 or incladed in the said trust any unproductive property within the meaning ~ ? I i of the ap~licable tax laws, nor other property with respect to which the ; marital deduction would not be allowed if it were included. If my execu- tors shall have a choice of dates in valuing property in my estate, there shall be elected the date which causes the lowest estate tax on my estate. Section 4. Discretion of Executors. If my executor shall, in good faith, decide that there is uncertainty as to the inclusion of particular pro~erty in my gross estate for federal estate tax purposes, such property ~ ; shall be excluded frorn my gross estate in my estate tax return. My execu- ~ P ~ tors shall not be liable for any loss to my estate, or to any beneficiary, resulting from a decision made in_ good faith and in the exercise of due care that there is uncertainty as to the inclusion as to any particular property in my estate. ~ f ~ e tion 5 Income To or For 1Kife for Life. Commencin with S c . S ~ the date of my death, my trustees shall pay over to or apply for the benefit ~ of my wife, MARY tiY. TOOLE, in convenient installments, as nearly equal f~ - as ~racticable, and at least quarter annually, all of the net income from the ; ~ s-F ; said trust as shown on *.he federal income ~ax return before the deduction of ; } _ ~ - ~ income distributable to ner. : ~ ; _ i ~,'s 1/ ~s ~ - 7 _ -Z- ~3 R } ~ ~ ~ go~~ ~26 f~c~2812 _ ~ . = ~ ~ ,'e~~•4'~~tr F.~ 4 -t ~`~wiT'aAss.,rr . . . . . ~_.s_...