- 8 - under Article III hereof, and as soon as practical, all inheritance, estate, transfer, and succession taxes payable by reason of my death (including interest and penalties thereon in the discretion of my Executor) assessed on my property or interest included in my gross estate for tax purposes. I direct that my Executor shall not require that any part of such taxes by [sic] recovered from, paid by, or apportioned among the recipients of, or those interested in, such property. * * * * * * * ARTICLE III DISPOSITION OF RESIDUARY ESTATE All the rest, residue and remainder of my property, real and personal, tangible and intangible, wheresoever situate and howsoever held, including any property over which I may have a power of appointment, herein referred to as my residuary estate, I give, devise, and bequeath to First-Citizens Bank & Trust Company, as Trustee under that certain Trust Agreement dated the 17th day of June, 1988, wherein I am the Grantor and First-Citizens Bank & Trust Company is Trustee, to be held and administered as a part of the trust hereby [sic] created. * * * * * * * ARTICLE V ADMINISTRATIVE PROVISIONS * * * * * * * 5.02 Payments By Trustee to Executor. Under that Trust Agreement referred to in Article III above, I provided that the Trustee thereunder shall pay to my Executor certain amounts as required by my Executor for payment of debts, funeral expenses, costs of administration of my estate and the inheritance and estate taxes payable upon my estate by reason of my death. I expressly authorize and empower my Executor to request from time to time, in writing from said Trustee, the required amounts for payment of such debts, expenses and taxes.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011