HomeMy WebLinkAbout0931 Trust Agreement, but not to incorporate it by reference into this Will, nor
Ito create a Testamentary Trust hereby. However, if for any reason said
I~Living Trust shall not be in existence at the time of my deaL-h, or if for
~lan reason a court of com etent jurisdiction shall declare this bequest and
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~`devise~to said Trustee to be invalid, then I give, bequeath, and devise
I!all the rest, residue, and remainder of ~ real and personal property to
4The Farmers National Bank b Trust Company of Ashtabula, as Trustee, to serve
without bond, to be held, managed, and distributed in exactly the same
I~manner described in said Livin Trust Agree~-nent hereinbefore referred to,
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~•which under such circumstances, I do hereby incorporate by reference into
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;this Will. ~
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'j ITEM FOUR: I nominate and appoint The Farmers National Bank &
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{Trust Company of Ashtabula to be my Executor to serve without bond. I give ~
~~my Executor full power to retain any of my real or personal property, without '
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~!liability for any loss or depreciation by reason of such retention; to sell j
`,or lease any of my real or personal property for such prices (whether more
or less than their appraised value), and upon such terms as it deems
;advisable; to. vote all stocks by proxy or in person; to invest or reinvest •
j 'any money in such investments as it deems advisable without being limited
~ by any statute or rule of law of the State of Ohio regarding investments by
Executors now or hereafter in effect; to continue, incorporate, or
~ liquidate any business in which I may be engaged without liability
for any losses, and without complying with Ohio Revised Code Section 2113.30;
to exercise the option created by Section 642 (g) of the Internal Revenue
Code (relating to the deduction of administration expenses) in its
absolute and uncontrolled discretion, without any reimbursement or
adjustment of the shares of the beneficiaries herein as the result
of exercising said option; to settle and compound any and all claims
,..N?~1975 -2-
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PROBATE JUDGE
BcoK3~ Pacf