Laserfiche WebLink
Metadata
Document management portal powered by Laserfiche WebLink 9 © 1998-2015 Laserfiche. All rights reserved.
200404851 <br />trustor and the lifetime of her husband, Cale E. Neal, the <br />trustee shall pay the entire net income from the trust estate in <br />convenient installments to the trustor and her husband or <br />otherwise as she may from time to time direct in writing, the <br />trustee shall also pay to the trustor such part or all of the <br />principal of the trust estate as she shall request in writing <br />from time to time. If at any time or times the trustor is under <br />a legal disability, or by reason of illness or mental or physical <br />disability is, in the opinion of the trustee unable to properly <br />manage her affairs, the trustee shall use the income and such <br />part or all of the principal of the trust estate as she deems <br />necessary or advisable, in such manner as she deems best, for the <br />care, support and comfort of the trustor and her husband, for the <br />payment of any premiums on any insurance on their life, or for <br />any other purposes the trustee deems to be in the best interest <br />of the trustor and her husband. <br />A. Upon Trustor's death, if Trustor's husband survives her, <br />the Trustee shall first establish a separate trust to be known as <br />the "Alice E. Neal Family Trust," hereinafter referred to as the <br />"Family Trust." The Trustee shall place in said trust an amount <br />equal to the exemption equivalent of the Unified Credit available <br />to Trustor's estate under the Internal Revenue Code in effect at <br />the time of Trustor's death which has not been claimed by Trustor <br />for transfers made during Trustor's life less, however, an amount <br />equal to the value of all assets which are part of Trustor's <br />gross estate for Federal estate tax purposes and pass, or have <br />3 <br />