- 6 - equally, but so far as practical, in accordance with the preference of each child. ITEM III I grant unto my Personal Representative [sic] all of the powers enumerated in the Estates and Trusts Article, Title 7, Section 401, Annotated Code of Mary- land relating to powers granted to Personal Representa- tives. ITEM IV I appoint my children, PRESTON WALKER GRANT, JR. and KATHRYN LYNN GRANT ADAMS, as Personal Representa- tives. * * * On April 2, 1994, Ms. Grant, who was still a resident and domiciliary of Maryland, died. After decedent’s death, Mr. Grant, Ms. Adams, and Donald R. Wilson served as the successor trustees of the Trust. Only $11,253 of decedent’s gross estate passed to her children Mr. Grant and Ms. Adams outside of the Trust (non-Trust property). The non-Trust property consisted of $256 in cash and traveler’s checks; life insurance valued at $1,025; $7,228 in a jointly owned money market mutual fund; and $2,744 of other miscellaneous property. The balance of decedent’s gross estate, which had an aggregate value of $865,480, passed to her children pursuant to paragraph 8 of the declaration of trust (nonprobate property). The nonprobate property consisted of, inter alia, decedent’s residence located at 13730 Deakins Lane, Germantown, Maryland (decedent’s residence), stocks and bonds, five moneyPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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