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Trustees, it is my desire that to the extent possible, my
wife, HILDA, and then my daughters, KATHERINE and JOANNE
and then my descendants shall have adequate funds to
maintain the standard of comfort and general welfare that
they enjoyed at the time of my death.
In this regard, it is my desire that adequate funds
be provided to enable my descendants to attend suitable
schools, colleges and professional schools, taking into
account the cost of tuition, board at school, books and
the many other expenses incident to such education.
I also request my Trustees to consider favorably the
requirements of my wife, my daughter and my descendants
to provide for special family situations which may arise
from time to time, including (without limitation) the
need for additional funds to furnish a home at the time
of marriage, the need for funds to acquire an interest in
or establish a business, taking into account the
probabilities of the success of the business, experience,
and the aggregate amount required to be invested in any
such business.
Decedent executed one codicil to his will on August 5, 1988,
and another on August 18, 1988. The August 5 codicil created a
$500,000 trust for the benefit of decedent's mistress, Sondra
Barnett. The August 18 codicil revoked a trust for the benefit of
David Amiel and created a $250,000 trust for the benefit of Ms.
Barnett. The trustee of the trust created for the benefit of Ms.
Barnett was prohibited from invading the corpus of the trust for
Ms. Barnett's benefit.
Decedent was in the hospital suffering from terminal cancer in
August 1988 when he executed the codicils to his will. The maximum
marital deduction formula contained in decedent's will was never
amended to refer to an unlimited marital deduction.
In March 1991, Hilda and Ms. Barnett entered into an agreement
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