201308204 - Laserfiche WebLink

Browse

201308204 including any contents of the Trustors' residence, to the persons named in one or more letters dated and signed by the Trustor and located among the Trustors' important papers at the time of the Trustors' death. In the event that the Trustor has inadvertently named two or more persons to take a particular asset, then the most recently - dated letter of instructions shall control. Items of tangible personal property not disposed of by a written list or statement shall be distributed in accordance with the wishes and direction of the Trustee. 3. Liquidation of Remaining Assets. Upon the death of Trustor, the Trustee shall sell all real property interests which remain in the Trust, receiving cash or its equivalent. The Trustee shall also liquidate claims for future income, if such exist and their liquidation is practical. The Trustee shall resolve any legal claims or causes of action, and other claims by or against the Trustor or the Trust. This liquidation shall proceed in an orderly and reasonable time and manner and on commercially reasonable terms. 4. Resolution of Legal Claims. Upon the death of Trustor, the Trustee shall resolve any legal claims or causes of action, and other claims by Trustor or the Trust. This resolution shall proceed in an orderly and reasonable time and manner and on commercially reasonable terms. 5. Distribution of Remaining Assets of the Trust. As soon as is practical after distributing the Trustors' tangible personal property, liquidating any Trust real property interests, and resolving legal claims, the Trustee shall arrange for the funds to be distributed as provided below. Then, Trustee shall set a distribution date for the remainder of the Trust estate and notify Trustors' heirs of the date. On the distribution date, the Trustee shall distribute the remaining principal, together with all accrued and anticipated income, claims and causes of action which the Trustee has been unable to resolve as follows: To Carolyn L. Lange, Cheryl L. Iwanski, Dennis L. Lange and the surviving children of Randy L. Lange: Trustee shall distribute the remaining assets to the beneficiaries in the following ratio: Carolyn L. Lange 25 %, Cheryl L. Lange 25 %, Dennis L Lange 25% , Surviving children of Randy L. Lange 25% to be divided equally among them. If Carolyn L. Lange or Cheryl L.Lange or Dennis L. Lange is not living at the distribution date the Trustee shall distribute their share to surviving siblings or siblings family members .