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HomeMy WebLinkAbout0922 r ~ . ' . . _ _ . . . . . . . . ' _ _ . . . ,_~a..~. ~ ~ ' ~ 1 ~ ~ held in Trust for him or her, leaving no issue surviving him or ~ her, ti~en, u~d~~ such circumstances, all the property.and Estate ' embraced within the Trust so held for such deceased ch~ld of ~ and added to the Trusts ; Grantor ~hall.be equally divided among ~iherein created for the benefit of Grantor's other children and/or ~ paid over and distributed to the issue of any deceased child of f,Grantor by right of representation, as the case may be; and if , `iany of said Trusts sha11 have expired through the passage of ~ ~time, then the share which would have been added to such expired i i~Trust shall go to the beneficiary th~reof. The g~rtion added to I; . ~ 41any existing Trust shall constitute principal thereof and the i~ 'Trust conditions applicable shall govern the disposition of the ~f iprincipal and income. ~ - ;i (5) If any portion of the principal sum of the Trusts . • ~~hereof shall become payable to the issue of a deceased child who ;~shall not have attained the age of twenty-one t21) years, such 'i tjportion shall vest in such beneficiary, but notwithstanding any ~4of the foregoing provisions, the Trustee shall retain such ii ~~;portion under a power in trust for the benefit of such bene- I!ficiary, with all of the investment and administrative powe~~ l~herein conferred upon the Trustee, and shall pay to such ben~- ';.jficiary so much of the net income and principal of such portion :i ~jas the Trustee, in its absolute discretion, shail consider !j i~reasonably necessary to provide for the comfortable support, ~~maintenance, education and welfare of such beneficiary, and sha11 accumulate the remainder of such incame if any, and add it to the ?i ji principal of such portion until such beneficiary shall attain the ~f ~ , age of twenty-one (21) years, whereupon the Trustee shall i! ii i I - ~I i; . 12 i~ - ~ _ - _ _ . _ - - - _ ,f= { . _ _ _ _ - . _ ~E-