HomeMy WebLinkAbout1815
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Will of Clara N. Sebek
Pa¢e 4
then such income or principal shall be paid in such of-the following ways as
the trustee deems best: (a) to the beneficiary directly; (b) to ttie legall
appointed guardian or conservator of the beneficiary; (c) to some relative
friend for the neads, best interest, education and Welfare of the beneficiary;
(d) by the trustee for the beneficiary's needs, best interest, education and
welfare.
B~ Ttae interest ~f beneficiarSs in pr3ncipa2 or ineom~ snall not
be subject to the claims of any creditor, any spouse for alimony or support,
or others, or to legal process, and may not be voluntarily or involuntarily
alienated or encumbered.
C. Income received after the last income-payment date and un-
distributed at the termination of any estate or interest shall, together with
any a~c~::eu iricv~, tie paid by tne trustee as income to the persons entitled
to the ne:ct successive interest in the proportions in c~hich they take that
interest.
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~' D. For convenience of administration or invesr_ment, the trustee j
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if may fiold th~ severa' t;usts or shares as a cor~non fund, dividiug the income ~
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'° proportionately among then, assign undivided in::erest to the several trusts ~
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~,; or shares, and c~ake join~ investnents of the fundsbelonging to them. The
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~° trustee may consoli3a:e any separate trust or share with any other trust with ~
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i~ si~:ilar grovisions Ear the same beneficiary or benaficiaries created by me
~~ or a:.y ..:e~ber o: r±y far~.31}~.
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~~ E. The trustee shall hold, manage, care f.or and protect the trust
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property and shall have with respect thereto the following poWers in addition
to those now or hereafter conferred by law:
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~: (a) To retain any property or securities (including stock ~
~~ of the trustee) origir_ally consti*uting the trust or sub-
~ se uentl~ added thereto althou h not of a t
9 ! , g ype, quality or f
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~; ~~ ~K351 P~;~1811 ;
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