- 5 -
for the support in reasonable comfort of my wife, and
to provide for the support and education of my children
and the descendants of any deceased child of mine.
After any child has finished his education, or in
normal course should have completed his education, the
Trustee shall not be required to make any payment for
the support of such child or his descendants unless in
the judgment of the Trustee there is ample property to
support my wife and educate my children or such child
is unable to support himself. To the extent
practicable, however, I desire my Trustee in making
encroachment for the benefit of my wife to encroach
first on the trust created for my wife in Item IV
hereof before encroaching on this trust; but this
request shall not apply to the extent it would be
necessary to sell property which in the opinion of the
Trustee should not be sold in order to encroach first
on such trust.
(c) My said wife shall have the power at any time
and from time to time by instrument in writing signed
by her and delivered to the Trustee, to direct the
Trustee to turn over any part of the property in this
trust to or among such of my descendants, or spouses of
such descendants, and in such manner, in trust or
otherwise, as my said wife may in such instrument
direct or appoint, provided that she shall have no
power to appoint said property to herself, to her
estate, to her creditors or to the creditors of her
estate.
(d) On the death of my said wife, the property
then remaining in this trust shall be distributed to or
among such of my descendants, and in such manner, in
trust or otherwise as my said wife may by her Last Will
and Testament direct or appoint, provided that she
shall have no power to appoint said property to
herself, to her creditors, to her estate or to the
creditors of her estate.
(e) Should my said wife fail to exercise her power
of appointment as to all of the property in this trust,
or should she predecease me, then on my death or on the
death of my said wife, whichever last occurs, the
property of this trust as to which she fails to
Page: 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