Estate of Constance R. Grant - Page 6




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               equally, but so far as practical, in accordance with                    
               the preference of each child.                                           
                                       ITEM III                                        
                    I grant unto my Personal Representative [sic] all                  
               of the powers enumerated in the Estates and Trusts                      
               Article, Title 7, Section 401, Annotated Code of Mary-                  
               land relating to powers granted to Personal Representa-                 
               tives.                                                                  
                                       ITEM IV                                         
                    I appoint my children, PRESTON WALKER GRANT, JR.                   
               and KATHRYN LYNN GRANT ADAMS, as Personal Representa-                   
               tives. * * *                                                            
               On April 2, 1994, Ms. Grant, who was still a resident and               
          domiciliary of Maryland, died.  After decedent’s death, Mr.                  
          Grant, Ms. Adams, and Donald R. Wilson served as the successor               
          trustees of the Trust.                                                       
               Only $11,253 of decedent’s gross estate passed to her                   
          children Mr. Grant and Ms. Adams outside of the Trust (non-Trust             
          property).  The non-Trust property consisted of $256 in cash and             
          traveler’s checks; life insurance valued at $1,025; $7,228 in a              
          jointly owned money market mutual fund; and $2,744 of other                  
          miscellaneous property.  The balance of decedent’s gross estate,             
          which had an aggregate value of $865,480, passed to her children             
          pursuant to paragraph 8 of the declaration of trust (nonprobate              
          property).  The nonprobate property consisted of, inter alia,                
          decedent’s residence located at 13730 Deakins Lane, Germantown,              
          Maryland (decedent’s residence), stocks and bonds, five money                






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