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HomeMy WebLinkAbout1032 . 79 g that amount of my residuary estate, which is equal to the maximum estafie tax marital deduction allowable in determining the Federal Estate Tax.payable by reason of my death, diminished by the value for Federal Estate Tax purposes of all other pruperty interests, included in my gross estate for Federal.Estate Tax purposes and which pass or have passed from me to my husband (the words "gross estate", "marital deduction" and "passed or have passed", shall have the same meaning as such words shall have under the prov~- sions of the Internal Revenue Code in effect at my death), either under any other provisions of this Will, by right of survivorship with respect to jointly owned property, or in any other manner outside of this Will in such manner as to qualify for such marital deduction. In making the computation necessary to determine such amount, the final determination of the Federal Sstate Tax proceed- ~ ing shall control._ If the Internal Revenue Code iti effect at the time of my death, shall not provide for an estate tax marital deduction, the the amount which is given in trust to my husband under the provi- sions of this Section 1 of Article IV shall be determined on the basis of the provisi~ns of~the Internal Revenue Code in effect on ~ ; . . ` the date this Will is executed. Only assets which qualify f or th i ~ marital deduction shall be allotted to such amount passing in tr t ~ ~ to my husband; however, my Executor is authorized to satisfy said ~ gift in monies or in kind,- or partially in monies or partially in ~ artiall in kind to select transfer and 6 kind, and if wholly or p y , , convey to the trust for my said husband the specific asset or as- ~ sets so selected at values determined therefor in the Federal ~ Estate Tax proceedings in my estate. This gift_shall carry with ~ it, its proportionate part of the income of my estate from the da e ~ 4 ' of my death. Subject to the foregoing, the decision of my Execu- ~ - tor as to which assets shall be distributed to the trust f or my = said husband in satisfaction of this gift shall be binding and Y conclusive on all persons. ~ ~ 2. The remaining portion of my residuary estate that is not eH~Rt.~s E. eECt~tt ATTORNEY AT LAW disposed of by the provisions of Paragraph 1 of this Article IV, ~ ST. LUCIE COUNTY ~ ~ j ~ BANK B1.00• ~ ~~M~ lNU ~~J ~ FORT PI[RCG FLORIDA ~ Page 2 of 14 Page Will A(_~',Y Fr~_ ~ ~ P 301 ~ ~ ~ 1032 ~ y4 ~ - - ~ x, . ~ ~ ~z il R ti~' ~/i J~ ~ ~`'~4'~ . . .e . . _ d.. . . . . < .