Estate of Ruth J. Casey, Deceased, First Interstate Bank of Nevada, Special Administrator - Page 3

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          insufficient, she would seek partition of her interest from that            
          of the charitable remaindermen.                                             
               The dispute was settled during August 1987, and the parties            
          agreed to the following:  (1) The Support Trust would be                    
          terminated with its assets divided, 55 percent for decedent and             
          45 percent for the charitable remaindermen, and (2) the assets              
          remaining in the Maintenance Trust (including Residence, its                
          furnishings, and cash) would be distributed to a liquidating                
          trust (Liquidating Trust).  The Liquidating Trust was chosen in             
          order to provide centralized management and to assist in                    
          representing the multiplicity of interests in selling the                   
          property.  The Liquidating Trust was to terminate by                        
          approximately August 1990.  The Liquidating Trust continued                 
          beyond its prescribed termination date due to controversy over              
          the trustee’s fees.  Decedent had a 50-percent interest in the              
          Liquidating Trust, and seven charitable organizations had varying           
          percentage shares in the remaining 50 percent.                              
               The Liquidating Trust instrument provided that, except for             
          transfers by will or by the laws of intestate succession, no                
          trust beneficiary could assign or transfer an interest to any               
          party other than to another beneficiary.  The express purposes of           
          the Liquidating Trust were to:                                              
               hold the property * * * [Residence and related assets                  
               from the Maintenance Trust], to liquidate the Property                 
               in an efficient manner, to manage and maintain the                     
               Property in an efficient manner during the process of                  





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