HomeMy WebLinkAbout1192 . ( ~ 204 1335(
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~ to invest, sell, encuriber, or exchange for 'cash or upon
terns, without the order of any court, any part or all
of the assets of the trust estate, either publicly or
privately, with or without notice of publication or oti~er-
wise= no purchaser shall be required to see to the appli-
cation of the purchase money.
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(5) I hereby authorize the trustee to invest in securities
other than those fixed by the statutes o~ the state of my
domicile at the•tirte of ny~death for the investment of trust
. funds and I expressly relieve the trustee from any liability
for depreciation in holding in his discretion any non-legal
investments owned by me at the tiMe o` my death.
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(6) After paying all taxes and all costs of administering
the marital trust, including reasonable trustee's fees and
other charges and expenses incident to the care, operation
. _ and r.?aintenance of said marital trust, the trustee, co^urene-
ing with the date of his qualification, shall pay all of
the net income from said marital trust to my said husband
in quarter-annual installments, or in more frequent install-
ments in the discretion of the trustee, for the duration of
this trust. ~~+~y husband shall also be entitled to all net
income earned from said marital trust assets from the date
of my death to the date of the qualification of the trustee,
and the same shall be paid to him by the executor or by the
trustee in accordance with the law in force at the ti^~e of
my death:
tty husband is given the full and exclusive. power to appoint
the cnt~re assets of the r.?arital trust, free of this trust, to hir:?-
self or to his estate. tIe rtay make such appointment by will or
by deed or by other form of transfer to any person,_corooration,
association, educational institution, church or charity, jointly
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j or severally, including his otim creditors or the creditors of his
I estate as he may desire. i~iy husband also is given the exclusive
no;~er _to appoint front time to time any portion or portions of~said
marital trust assets by deed or other form of transfer and the
reriaining portion thereof by will. If ray said husband fail s to
rake such appointment or aooointments, then said narital trust
Droperty or any portion not appointed at his death shall be dia-
tributed according to the terms and conditions of Paragraph ~i:cth
of this my will.
FOURTH. A€ter the marital trust has been set apart, all the
rest, residue and remainder of. :zy estate shall constitute the
residuary trust and I give, devise and berucath said residuary -
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