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3. Trust and Successor Trustee. So long as I am
alive and competent, I shall serve as Trustee of the
Trust Estate. In the event of the death or resignation
of the Donor [decedent] as Trustee, or if the Donor’s
personal physician certifies in writing to the Donor’s
children, PRESTON WALKER GRANT, JR. and KATHRYN LYNN
GRANT ADAMS, that, in his judgment, the Donor is physi-
cally or mentally unable to administer the Trust Es-
tate, then PRESTON WALKER GRANT, JR., KATHRYN LYNN
GRANT ADAMS and DONALD R. WILSON, shall serve as Suc-
cessor Trustees. If the Donor’s physician subsequently
certifies in writing to the Successor Trustees that the
donor has recovered and is currently mentally and
physically able to serve as Trustee, the appointment of
the Substitute Trustee shall terminate and the Donor
shall be restored as Trustee.
* * * * * * *
4. Revocation. I hereby reserve the right at any
time, and from time to time, during my lifetime, to
revoke the Trust Estate, in whole or in part, or to
change, alter, modify or amend any of the terms and
provisions hereof, and to withdraw all funds and other
property, in whole or in part, without the consent of
any other person.
* * * * * * *
7. Distribution of Income and Principal During My
Lifetime. During my lifetime, I shall have the power
to withdraw any part or all of the net income and
principal of the Trust. Any net income not withdrawn
shall be added to the principal.
* * * * * * *
8. Distribution on Death. Upon my death, the
“Net Assets” (as hereinafter defined) of the Trust
Estate shall be distributed by my Successor Trustee to
my children PRESTON WALKER GRANT, JR. and KATHRYN LYNN
ADAMS, in equal shares per stirpes, whereupon this
trust shall terminate.
(a) My Successor Trustees, in their sole
discretion, are authorized to distribute the Net Assets
of the Trust Estate to my children in kind or in cash,
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Last modified: May 25, 2011