HomeMy WebLinkAbout1841B. Alternate Beq uest to Children. If my wife predeceases me,
i aequeatn any and aii oi my tangible personai property in approximately
equal shares to our children who survive me, or, if none of our children
survive me, to their issue, per stirpes. Said ch:ldren or their issue,
whichever tYie case may be, shall divide such property among themselves
amicably.
ARTICLE ~ III - MARIT G~L TR UST -TR JST A
A. Creation uf Trust. If my ~j~ife survi~~es me, I devise and
bequeath to the Trustees hereinafter designate~, IN TRUST, an amount
equal to or~e-half of the value of my adjusted gross estate as finally
deterrnined for Federai Estate Tax purposes, less the aggregate value
(as finally determined for Federal ~state tax purposes) c~ all cash,
c~rnr~rtv ~r I1ZtPrP~t~ ~ T~rnr~r~~ ~ac~Sn tn m~ u~ifp ntrPr tharz i~n~3Pr thi~
~,Article wrich are allowed as a marital deduction. In creating ihis trust,
it is my desire and intention t~ take full advantage of the m~arital ~eduction
provisions of the Federal Internal Pevenue ~ode, and ~11 of the provisions
of and terms used in this VJi~l shall be construe-ci accordingl;~.
?. ~esi~nation of Property. ;L~:y Personal Representative shall
select `~he assets, either cash or Froperty in ~:ind, or k~oth, to be distribu-
±ed tc the Tra,t°~~ in satisfa~^tic.^, cf ±his devi~e ~ beq~e~y ~ut there
sh~ll not be included among s~a;.h assets ai~y insurance on the _ife of r.~y
~=rife or ar~y asset or the proceeds of any asset ,~~hich daes not qualify for
the rriarital u~eduction; ~~•ovided, however, that any assets to oe so distribu-
ted, including cash, shall be selected in su~h mannEr as to have an
aggregate fair market value, at the date or dates cf distribution, fairly
representatiJe of the ne~ appreciation or aepreciaticn in the value of all
the property in my es*_3te available for dis±ribution. ';'h~ exercise of thz
~
~, ~ ~~ ~' i, " •_
William R. Kaufm
-2- ;.-;`~r 35i ~,~;F 1837
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Ci~~~H~F~•~:~G'. _ ,~~_~..'~.f:_O': ~t ~4E\4:~7' . P O DRt.:•~EH 9~ ST~JART. FLOF::. . . . . .