- 5 - sary or desirable to effectuate the encumbrance or conveyance of any trust property. * * * * * * * 12. Court Administration. It is my express intention that the Trust hereby created shall not be administered under the supervision of any Court. * * * 13. Maryland Law. This agreement has been exe- cuted by me in the State of Maryland, and all questions relating to its validity, construction and administra- tion shall be determined in accordance with the laws of the State of Maryland. 14. Compensation of Independent Trustee. I direct that DONALD R. WILSON or such other Independent Trustee who serves as Successor Trustee hereunder, shall receive a reasonable compensation from the Trust Estate for his or her services. On October 1, 1991, the same date on which Ms. Grant exe- cuted the declaration of trust, she executed a last will and testament (decedent’s will). Decedent’s will provided in perti- nent part: ITEM I I direct my Personal Representatives, hereinafter named, to pay the expenses of my last illness, funeral and burial, in such amount as they may deem proper and without regard to any limitation in the applicable local law as to the amount of such expense. ITEM II All of the rest, residue and remainder of my estate of whatsoever kind and wheresoever situate [sic] I give, devise and bequeath absolutely in fee simple unto my children, PRESTON WALKER GRANT, JR. and KATHRYN LYNN GRANT ADAMS, in equal shares per stirpes. In distributing any tangible property hereunder to my children, such property shall be distributedPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011