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80 518
by the as "my residuary estate." I do-not intend to exercise any
powers of appointment in this paragraph.
A. If my wife, LOUISE NETHERY, survives me, I give my
residuary estate to my trustee, in two (2) trusts. One trust, "my
wife's trust," shall be an amount equal in value to one-half (1/2)
~of my adjusted gross estate as defined in the Federal Estate Tax
Law, less the value of all property given in this paragraph which
qualifies for the marital deduction. Values for this computation
shall be final Federal Estate Estate Tax values.
B. If my wife does not survive me, the value of the
property which would have been in her trust shall be distributed
to her children, or the survivors thereof.
C. The remainder of my residuary estate shall be placed
in a second trust to be known as "my family trust." My family
trust shall be for the use and benefit of my three (3) children,
ZONA ELIZABETH BOND, IRENE EVELYN DUNSHEE, and ROBERT WILLIAM
-NETHERY.
D. I give my personal representative authority to distri-
bute assets in kind to these two (2) trusts, but the values used
for distribution in kind shall be determined as of the dates of
distributions so that each trust shares proportionately-in appreci-
i
ation and in depreciation of assets. Only assets which qualify
for the marital deduction shall be distributed to my wife's trust.
During my wife's life, unproductive property shall not be hold in
my wife's trust without her- consent for more than a reasonable
period of time, but in no case more than one (1) year.
E. The tr-ustee shall pay to my wife all of the net income
of~my wife's trust in installments not less than annually. The
trustee shall pay or apply the income of my family trust to or for_
the use of my children or their descendants should any of my
children predecease me. The trustee may accumulate the income of
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my family trust to the extent that it is not required for the
Page 4 of 11 Page Will
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