HomeMy WebLinkAbout1778 . r
ARTICLE VI - ADMINISTTtATION AFTER GRANTOR'S DEATH
After death of Grantor, the Trust Estate shall be managed
and distributed in the following manner.
A. General Power of Appointment Reserved by Grantor. Grantor
reserves the right to appoint any part or all of the Trust Estate
by Grantor's Will duly proved and by specific reference to this
power of appointment. Any property not so appointed shall be
managed and distributed in the manner hereafter provided.
B. Payment of Debts, Taxes, Administration.
(1) Trustee may pay all or such portion of the following
items as the Personal Representative of Grantor's estate may
from time to time request:
t
(a) Debts which Grantor is legally obligated to pay
at the time of his death;
E
s (b) Miscellaneous taxes and costs of administration
of Grantor's estate;
e
(c) Grantor's last illness and funeral expenses; and
(d) Any estate, inheritance, succession and other death
taxes of any nature, together with any interest and penalties
3 thereon, which may be lev~~d or assessed by reason of Grantor's
death by the laws of any State or of the United States with respect
to property passing under Grantor's Will, property held by Trustee
under this Trust Agreement, or any other property included in
Grantor's taxable estate.
t
F
3
(2) At election of Trustee, said debts, expenses and taxes z
g0~!c~ PAGE
~ ~ . x