HomeMy WebLinkAbout1817.
C
Will of Clara H. Sebek
reasonable reserves for depreciation and depletion;
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(m) To transfer the situs of any trust praperty to any
other 3urisdiction as often aa the trustee deems it :id-
vantageous to the trust, appointing a substitute trustee
to itself to act with respect thereto; and in connection
therewith, to delegate to the substitute trustee any or
. all of the powers, discretionary or otherwise, given to
the trustee,.which may elect to act as advisor to the
substitute trustee and shall receive reasonable compen-
sation for so acting; and to reiaove any acting substi-
tute trustee and appoint another, or reappoint itse~f,
at will; and
(n) To perform other acts necessary or appropriate for
~ the proper aduiinistration of the trust, execute and de-
: liver necessary instruments and give full receipts and
discharges.
~ F. The trustee shall render an ac~ount of its receipts and dis-
bursements at least annually to each adult income beneficiary. The trustee
shall be reimbursed for all reasonable expenses incurred in the management
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~? persons then entitled to receive or have the benef.it of the inco~ae therefrom.
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li. ~io tr~st ~reated hereby, or by exercise oF a poc~er of apgoint- ~
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i ment hereunder, shall continue for ~ore than twenty one (21) years after the ;
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~ death of the las*_ t~~ die of ~yself and th~ beneficiaries in being at r~y death. i
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,. Any p:opert~ sti11 h~13 in trust at the expiration of that period shall ~
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; i~edia~ely ba d~stributed to the person or persons then entitled to receive '
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~~, or have the benefit of the incone therefrom in t1~e proportions to which ttiey ~
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' and protection of the trust and shall r~eceive fair compensation for its ser-
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~' G. If at anyti~-e the trust hereunder has a market value as deter-
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;~ mined t,y the trustee uf $20,000 or les~:, thc trustee may in its discretioii
' ter~inate ti:e tr~st and distrib~ite the trtist property proportionately to the
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~~ are entitled thereto, or if their inter~sts are indefinite, then in equal
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shares. _
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; ~ I. Any trustee may resign at anytime by written notice to each
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'~~351 ~~~181~
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