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HomeMy WebLinkAbout1770 i~ ~ ~ ~ ~ ~ 123 below, no principal or income payable or to become payable under any trust created by this Will shall be subject to anticipation or assignment by any beneficiary thereof or to attachment by or to the interference or control of any creditor of any such bene- ficiary, or to be taken or reached by any legal or equitable process in satisfaction of any debt or liability of such bene- ficiary prior .to its actual receipt by the beneficiary; (B) The provisions of Paragraph TWELFTH (A) above, as applicable to the Marital Trust, shall be subordinate, at all times, in all respects, and in all events, to the bene- ficial enjoyment of the property and income of such trust as provided under Paragraph SEVENTH and subsections thereunder. THIRTEENTH: I direct that my Trustees shall neither retain nor continue to hold beyond a reasonable time, nor shall they acgsire. in and for the Marital Trust under Paragraph SEVENTH above; any property which is or may be deemed to be • unproductive, it being my intention that determinations and actions under this paragraph accord with the requirements of \ the Federal Estate Tax Law pertaining thereto as respects quali- fication of the Marital Trust. 5 ~ FOURTEENTH: With respect to allocation and apportion-• ment between income and corpus of receipts, revenues, proceeds, ? disbursements, expenses, deductions, and losses, I direct that: (A) All dividends of money whic:~ may be ~ received by my Executors and Trustees, ~Jhether ordinary or extraordinary, other than liquidating dividends or divi- E R dends in redemption or partial liquidation, shall be con- . v V sidered as income and distributed as such; and all divi- i ~1. dends of stock or other things of value, including all proceeds from the sale of "rights," shall be treated as _ ; ~5 ~ 176? -17- F' ~ s 7~.