HomeMy WebLinkAbout0646 AItTICLE IV
If any person should renounce or disclaim any or all
~ of his or her interests hereunder, then tY?e succeeding or alter-
nate interests hereunder shall be accelerated or substituted.
Accordingly, all of the provisions of this Agreement shall be
construed as though such person had predeceased the Settlor, ex-
cept any provision that may be necessary to preserve any interest
of such person which he or she has not renounced or disclaimed.
ARTICLE V
A. Any trustee may resign at any time by a aiyned in-
atrument delivered to the successor trustee, or if none by a
signed instrument filed with the trust records after givi.ng writ-
ten notice, specifying the effective date of the resignation, to
the Settlor or after her death to the beneficiary or beneficiar-
ies, at the time of giving notice,.of the current trust income. ;
B. 1. If the last suYviving individual Trustee dies,
~ resigns, refuses or is unab3e to act, the beneficiary or benefi-
ciaries of the current trust income shall ~ppaint as Trustee by
~ an instrument in writing filed with the trust records a corpora-
~ tion, authorizecl under the laws of the United States or of any ;
state to administer trusts and having total capital, surplus and
undivided profits of at least One Million Dollars.
2. In the event that the last surviving individual :
;
Trustee has becor?e unable to dischar.ge his duties as Trustee by
~ reason of accident, physical or mental illness, prociressive or
iatermittent physical or mental deterioration or other similar
cause, as certified by two independent licensed physicians af-
firming that each has examined such Trustee and that each has
concluded, based upon such examination, that such Trustee is un-
able to discharcte his duties as Trustee, said Trustee shall
thereupon cease to be Trustee in the sar~e manner as if he had
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