HomeMy WebLinkAbout0929 . ' ~ ' ~ r
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nomi.r~ee)~ ~!~Sersonal repreaentative. My per$onal repre-
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pen~atiye ah~~ '~be entitled to receive a director's fee in
add~~ion to h~is fQes as personal representutive.
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~ (a) I recognize that it may be necessary for my persanal
representative to redeem some of the shares of stock which I may
own in Freedman Salea Co., Freedman Uniform Company, =nc. and
Textile Center, Inc., aa atated in Article V hereof, and I
specifically authorize euch redemption. I specifically authorize
my personal representative to borrow sums needed to pay federal
and state estate and inheritance taxea, funeral and acmiaistrative
expenses and for all purposes whatsoever.
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(b) In the event my personal representative determinea that ~
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it is necessary to liquidate one or more of the three companiea ~
~ I listed in (a) of this Article VI, VIVIAN C. l?TTO is to receive a
't total combined salary of at least One Thousand~Dollars ($1,000.00)
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~ per m+~nth from these three companies during this liquidation period
~ ~ until the liquidation(s) is (are) com lete.
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~ r~\ 1 (c) Notwithstandinq the other provisions of this will no
~ .,y power or discretion set forth in this Article VI and no power or '
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~ discretion aet forth elss~here in thfs will or accorded to fiduci-
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~ aries under the 2aws of the State of Florida or generally ahall
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p~ ` be qranted to the personal representative with respect to the
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~ bequests to ~ my said wifs if the possessioa of such power ~rould,
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deprive my estate of the mazital deduction under the fede~al estate
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tax lawo aad iulinqs an~ reQulatioas ~ith respect therato in force =
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at the time of the determination of said marital deduction and such '
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power or discretion which the personal representative may poasess
may not be exercise3 in any manner which would deprive my estate of
the marital deductioA under said laws, rulings and regulations it
beinq my primary in~ention that the amount bequeathed to my said
wife shall qualify for the marital deduction for federal estate
tax purgoses and ~hat any grant of powers or 3iscretions herein
800~ 37~. PAr,E - . ;
s~:E 2~ 29
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