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for and employ aqents to manage and operate any of said -
businesses without liability for the acts of any such aqent ~
or~for any loss, liability or indebtedness reaultinq from
the operation thereo~ if the mgnagement is selected or retained ~
with reasonable care.~ .
~ S. Anythinq to the contrary notwithstanding, if at any
time any trust created hereunder has-a market value as determined
by the Trustees of FOUR THOUSAND DOLLAItS ($4,000.00) or less,
the Trustees may in their discretion terminate such trust and
distribute the trust property proportionately to the persons j
then entitled to receive or have the benefit therefrom. ~ ?
~
- F. If any property is, or may be, distributable to a
beneficiary who has not attained age 21, my fiduciaries may - ,
~ dis tribute such property to the parent or guardian of such bene-
ficiary as Trustees,.without bond. These Trustees shall use, ,
administer and distribute the property as if they had been
appointed as custodians under the Uniform Gifts to Minors Act
then in force in the state of the minor's residence. These ;
Trustees' receipt for such property shall discharge my fiduciaries
in full with respect to such property. ~
. i
~ G. During the minority or physical or mental incapacity
of ~any beneficiary to whom corpus or income may be paid, ~
to make such payment,.in their sole discretion, in any
one o= more of the followinq ways: (1) to such beneficiary
directly; (2) to the guardian, caanmittee,.conservator or
other similar official of such beneficiary,__ (3) to a relative:
of such beneficiary to be expended by such relative for the ,
care, support, education or maintenance of such beneficiary;
or (4) by the Fiduciaries expending the same directly-for ~
,the.care, support, education or maintenance of such beneficiary; ~
the Fiduciaries' determination.of the minority or incapacity of ~
i any beneficiary shall be final, and the Fiduciaries shall not be- ~
~ responsible for the application of any payment after the same
t has been made to any person in accordance with the provisions =
hereof . i
~ - ~ ~
H. To dete~ai.ne, in ttieir sole discretion, what is
income or corpus of the trust or estate funds and to apportion
and allocate all receipts, credits, disbursements, expenses
and charges to income or corpus as they shall deem proper;
provided that any amounts received in cash or in kind from
any "regulated investment company," as defined in the Internal
Revenue Code, which are designated~in any way as capital gain :
dividends or as a return of capital by such company shall be }
added to the corpus of the trust. Except insofar as rny fiduciaries ~
~
shall exercise such discretion, matters relatinq to the rights. i
~ of beneficiaries amonq themselves as to corpus and income ;
shall be governed by the provisions of the Florida Uniform '
Principal and Incmne I~aw (~Chapter 690, Florida Statutes) j~
~ from ti.me to .tim~ existinq. ~ ~
~ . . ~ ~ . '
rt or urchase ~
I. To publicly or privately sell prope y to Yp , ~
property from any trust created hereunder or any other trus~ T..~
created by _my wife or me during our lifetimes with procee~
from any .such other trust for a consideration equal ta'~ti'¢~: ~2i~n" :
_ " ~~6 ~C ~~S ~ `
~ ~
- Page ourteeri of Will - ~y~ R ~
. . . . ~ . , - S~+,i( t'#&~ ~
L~w OFfIC£t OF PORREST, ~UFf!1C1~, T}tAUM 4 NAGEN. A., 1120 OtirONT dY1{.OIIiG. M/AMI, Iq.OrRiOA 3~f~f "
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