HomeMy WebLinkAbout2831 .352.1.-1.91
parposea, which is equal. in value to 50~ of my adjusted gross estate as
final'4y deterained for Federal estate tax purposes, but minus property
passing to ~ Wife other than under this paragraph and minus property,
including the proceeds of life insurance, Which has passed or Will pass
1 to ~ Wife by means other than this Will and Which xi]1 qualify for ar~d
` be allowed under the marital deduction for Federal estate tax purposes.
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(i For the purpose of determining the value of my property passing to ~
` Wife, including the proceeds of life insurance and other property Which
~ has passed or Will pass to my Wife by mearm other thanunder this Will,
- the valuation placed on such property in the final determination fbr Federal
estate tax purposes shall be conclusive on all parties intered in ~
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estate.
FIFTH
i, All the rest, residue and remainder of ~ estate I give, devise
and bequeath, IN TRUST, to the MANUFAGTURIItS NATIONAL BANK OF Dom,
I! a national banking association of Detroit, Michigan, for the follatiing
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uses and purposes hereinafter set forth; ~ '
(a) The Trustee shall, during the lifetime of ~ said ~+ife,
pay over to her the net income of said trust in quarterly installments.
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(b) If aqy time in the uncontrolled judgement of the corporate `
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trustee, the income from said trust, together With other resources of
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my said Wife, is insufficient to enable her to live in the manner to
i Which she .has been accustomed and to provide for the care, maintenance,
t i education and support of my minor children, the corporate trustee is
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~ M directed to distribute to her such portions of the corpus of said trust ~
as may oe necessary under the cirenmstances to make up the deficiency.
~ I' (c) Upon the death of ~ said Wife survived by any of my
children or the issue of ar~g deceased such children, the trust and any
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undistributed income (including any additions thereto from any other
~ ~ source) shall be divided into equal shares, one for each of my then ~
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surviving children and one for the then surviving issue of any deceased
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such children (such issue to take by right of representation). The
a share set aside for a child age thirty five or over shall be distributed
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to such child. The share set aside for the issue of any deceased child
child shall be distributed equally among such issue.
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