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HomeMy WebLinkAbout0200 , ~ LAST WILL AND TESTAMENT OF ELIZABETH W. TAYLOR - Page Two benefit of such daughter. In addition, the trustee shall have the power to distribute to or use for the benefit of such daughter and her descendants from time to time, so much or all the principal of such daughter's trust as the trustee in its sole discretion, taking into consideration ail other funds available for such purpose, may be necessary or advisable for her or their care, maintenance, support and education (includ- ing college and professional education at the graduate as well as undergraduate level). Such daughter for whom a separate share is held in trust hereunder shall have the right any time after the date of rny death, to withdraw, at any time and from time to time, any part or all of the principal of her trust. tJpon the death of a daughter for whom a separate share is held in trust hereunder, the trustee shall distribute ~ the remainder of such daughter's separate trust as then constituted to or for the benefit of such person or persons ~ or corporation or corporations, including her estate, her ~ creditors, or the creditors of her estate, in such amounts or ~ ~ ~ ~ proportions, with such powers, and in such lawful interests or estates, whether absolute or in trust, as she may appoint by specific reference to this power in her l.ast Will and Testa- ment admitted to probate. To the extent such daughter does not effectively exercise her power of appointment, the trustee shall distribute any unappointed remainder of her trust to her then l.iving descendants, per stirpes, free and discharged from all trusts, subject however to the provisions of Clause VII nf this Will, or, if there is no descendant of such daughter then living, the trustee shall distribute the unappointed remainder of her trust as then constituted to my then living descen- dants, per stirpes, subject to the provisions of Clause VIi of this Will and provided that any part thereof thus accruing to a daughter of mine for whose benefit a separate trust is then 80QK P~CE ~CtU c,~ NEILI ORIfFIH JEFFRIES ~ llOYO ~ CtiA~TERED P.O. BOx 1270, FORT PIEF7CE, ~IORIDA 33454 - TELEPHONE f305) 464-9200 - _ . _ _ - r~-n --;.r s.a,~ ~v_m .K _:.a~,. s~ .,,.,£,~5r~'