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Lineweaver, so long as she remains unmarried and/or the children
or descendants of any deceased child of the Grantor". On
December 1, 1980, this trust was funded by nine insurance
policies on decedent's life with face amounts totaling $375,000.
Effective February 19, 1982, decedent changed the beneficiary on
seven of these policies from the trust to decedent's estate. On
March 10, 1982, decedent made the same change on one more policy.
At decedent's death, the executor of his estate received
$251,206.97 in insurance proceeds and the trust received
$312,095.88, from the one remaining policy, which had a face
amount of $250,000.
Wills
Decedent executed a will on February 15, 1982. This will
contained the following:
CONTRACTUAL OBLIGATIONS
I entered into a Deed of Separation with my former
wife, Kathleen Powell Lineweaver, hereinafter referred
to as Kitty, under date of December 1, 1980. The Deed
of Separation contained among other things, provisions
with reference to Kitty's continuing to live in the
home known as 2 St. Francis Court, Greensboro, North
Carolina, and to Kitty's remaining the beneficiary on
life insurance policies providing regular coverage (as
opposed to double indemnity) on my life in an amount of
not less than $100,000.00. I direct my Executor to
carry out those obligations of mine set forth in the
aforementioned Deed of Separation which survive my
death.
At that time, Kathleen had not yet filed the divorce action and
was still decedent's wife.
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