HomeMy WebLinkAbout1230 expenses and obligati~ns incurred in connection with the operation
and management of the Trust Estate, includiny compensation to the
Trustee for hi:~ services, to distribute and pay over, not less
frequently than quarterly-annually, seven forty-fifths (7/45) of
the n~t income of th~ Triist to or for the benefit of each of the
follawing: -
Dorothy Binney Palmer
Helen Binney Kitchel
Elizabeth Peters Binney
and four forty-fifths (4/45) of the net income of the Trust to or
fox the ?aenefit of each of the following:
Barbara Kitchel Girdler
Happy Kitchel Egler
Allan Farrand Kitchel, Jr.
Douqlas Binney Kitchel
Edward Binney 3rd
David Binney Putnam
Ugan termination of the Trust, it is provided that the principal
and any undistributed income of th~ Trust be paid over absolutely
and be diGtributed to the above named Donors, or their respective
~ designated beneficiaries, in the same proportion as the income is
allocated.
Upon the death of any of the Donors prior to the tezmi-
nation of the Trust, the share of net income to which_the deceased
D~nor would have been entitled during the continuance of the Trust,
had he or she lived, is to be paid over and distributed during the
remainder of the term of the Trust, and, upon the termination of
the Trust, the share of principal and undistributed income to which
the deceased Donor would have been entitled had he or she lived, is
to be paid over absolutely and distributed as provided by the terms
of the Trust.
The Trust provides that upon the death of Donor porothy
Binney Palmer, her share would go in equal shares, share and share
alike, to her great-granddaughters living at the time of her death,
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