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call in and convert the same into money with power to
postpone such sale calling in and conversion for so
long as they shall in their absolute discretion think
fit without being liable for loss.
8. My trustees shall out of the monies to arise from
the sale calling in and conversion of or forming part
of my estate pay all my just debts funeral and
testamentary expenses and legacies and all estate duty
payable in respect of my estate * * *
9. Subject to the payment of all my just debts,
funeral and testamentary expenses, my trustees shall
hold my residuary estate property and effects of
whatsoever nature or kind and wheresoever situate upon
trust for the following beneficiaries who shall survive
me for a period of 30 days in manner hereinafter
following:-
(a) As to THREE (3) equal shares or parts thereof
to my wife the said FUNG WONG TUEN WAN * * *
for her own use and benefit absolutely.
(b) As to ONE (1) equal share or part thereof to
my son MICHAEL K.L. FUNG * * * for his own
use and benefit absolutely.
(c) As to ONE (1) equal share or part thereof to
my son the said ANTHONY K.T. FUNG * * * for
his own use and benefit absolutely.
(d) As to ONE (1) equal share or part thereof to
my son the said BERNARD K.K. FUNG * * * for
his own use and benefit absolutely.
(e) As to ONE (1) equal share or part thereof to
my son the said JOHN K.K. FUNG * * * for his
own use and benefit absolutely.
(f) As to ONE (1) equal share or part thereof to
my son the said EDMOND K.H. FUNG * * * for
his own use and benefit absolutely.
Decedent’s residuary estate included certain property
located in Hong Kong as well as the aforementioned Monte Vista
and Calle Victoria parcels in California.
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Last modified: May 25, 2011