HomeMy WebLinkAbout0960 • ' ( .
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the sole and separate property of my said wife and are
not to be included amang the asset~ of my estate.
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ITEM V.
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Y In the event that my wife, NANCY L. THOMAS,
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~ shall survive me, all the rest, residue and remaiiid~r of my
estate, real, personal and mi.xed, of whatsoever kind and nature
and Hrheresoever situate of which I may be seized or possessed
or to which I may be entitled at the tinle of my death, including
any property over which I may have power of appointment and
including specifically the proceeds of any insurance policies ~
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wherein my estate is named beneficiary~ shall be divided into '
two parts by my Executor, hereinaf~er designated as Share No.
1 and Share No. 2, the amount of each share to be ascertained
as follows:
(a) Share No. 1 shall consist of that fractional
share of my residuary estate which will be egual to the maximum
estate tax marital deduction allowable in determining the
Federal Estate Tax on my gross estate for Fe~eral Estate Tax
purposes, less the aggrega.te value for Federal Estate Tax
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G purposes of all interests in property which pass ta my spouse
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p under other provisions of this Will or which have already
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~ passed to or for the benef~t of my said spouse atherwise than
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under this Will, by operation of law, thr~ugh life insurance
policies or cth~rwise~ bu~ only to the extent that such int~rests
are included in determining my gross estate and are allowabie
as a marital. deduction for Federal Estate Tax purposes; provided,
howe~er, that in making those co~r~putations necessary to determine
such fractional share, the final determinations in the Federal .
Estate Tax proceedings shall control and on?y assets that
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~ qualify for the marital deduction allowable in determining
the Federal Estate Tax shall gass or be allocated to Share
~ No. l. I hereby authorize my Executor, in his sole discretion,
This is Page Three (3) of my
Last Will ~a~n/d Testament.
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