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79 552 Cp
LAST WILL AND TESTAMENT OF CARL D. BRONSON - Page Two
adjusted gross estate as finally determined for federal
1
estate tax purposes, less the aggregate of marital deductions,
if any, allowed for such tax purposes by reason of property .
or interests in property passing or which have passed to my
i
wife otherwise than by the terms of this clause of my Will.
It is my intent that my wife be benefitted to the fullest
extent possible in order to qualify for the fullest marital ~
deduction available under the Tax Reform Act of 1976.
My personal representative shall assign, convey
and distribute to my said wife the cash, securities and other
property, including real estate and interests therein, which
shall constitute said bequest. The assets to be distributed
in satisfaction of said bequest shall be selected in such
manner that the cash and other property distributed will have
an aggregate fair market value fairly representative of the
distributee's proportionate share of the appreciation or
depreciation in the value on the date, or dates, of distri-
bution of all property then available for distribution. Any
property included in my estate at the time of my death and
assigned or conveyed in kind to satisfy said bequest shall
be valued for that purpose at the value thereof as finally
f
determined for federal estate tax purposes, and any other
property so assigned and conveyed shall be valued for that
purpose at its cost. No asset or proceeds of any asset shall
be included in said bequest as to which a marital deduction
is not allowable if included. Said bequest shall abate to
the extent that it cannot be satisfied in the manner herein-
above provided.
CLAUSE IV: All the rest, residue and remainder
of my estate, after the payment of all inheritance, legacy,
~~nx 3~ Pact
NEIIL GRIFFIN JEFFRIEB S LLOYD
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