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81000271
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Last modified
1/14/2010 6:35:27 AM
Creation date
1/14/2010 6:35:13 AM
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DEEDS
Inst Number
81000271
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~..~_ <br />f <br />f- <br /> <br /> <br />SECtIND: Division into `T'oro Trusts. <br />1 <br />The first Grantor to die shall be called the deceased spouse <br />Viand the, living Grantor shall he called the surviving spouse. do <br />;the death of the deceased spc~~.:se, ttae ''rustee shall divide the <br />atr•.zst estate, including any additions made to the trust by reason <br />'of the deceased spouse`s death, irtc t:~c separate trusts, <br />:;designed the "?P.arital tru St ~' and t€'?s' rrresidua't trust". - <br />_~ <br />The Trustee shall allocate and ,gay over tq the marital <br />=trust an amgurt equal to the maximu,-n marital deduction allowable <br />far dete!~inirg the federal estate tax sayable because of the <br />5d°ath of a deceased spouse, reduced by the _°ir:a_ federal estate <br />;tax values of all c~rooerty intet~Gsts 'hat qualify to satisfy the <br />;marital deduction and that pass ,~ have eassed to or in trust for <br />`the w..rviving spou;:e, vt?~~er this .? , r~o~;ert~~ i.aterests that pass <br />'by virtue cf this prevision. This ar+ount shall immediately vast <br />=on the death 1f the deceased spouse ar:d shall be satisfied by the <br />Trustee in cash or in kind, ~,r partly in each, with assets that <br />;are eligible ~'or the ^arital deciucticn. <br />;, <br />t The residual trust shall consist of the balance of the trust <br />estate, after payment of those items mentioned hereinafter. <br />THIRD: h~arital T?^ust. <br />?'he Trustee siaall pay the entire net income from this trust <br />!yin at least quarterly installments to the surviving spouse, far <br />`sc long as f~- nr she shall liv€. ?`he surviving spouse, shall. <br />alc~re have power, in his Yr her last will and testament, to agpoint! <br />the entire trust estate of this trust, free from trust, in favor <br />of his ar her estate, or such parson or persons, as he or she may <br />„irt their-last wilt and testament ap~?oint. The surviving spouse <br />~sd~2 ~.2a€s have the gooier to withdraw all or any Ya~t of the <br />f <br />'~ <br />_~.~ <br />awu. <br />w <br />+r~s <br />
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