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agreement, the decedent designated himself as the original
trustee, and he made provision for the appointment of
Ms. Pryor as successor trustee upon his death.
The trust agreement provides for the distribution of
the trust property in the following provision:
Article V
DISTRIBUTION OF TRUST ON GRANTOR'S DEATH
5.01 PAYMENT OF DEBTS AND EXPENSES.
Upon the death of Grantor, the Successor Trustee
shall pay Grantor's just debts, expenses of
last illness, and burial expense, to the extent
that these items shall not be paid or the
responsibility for their payment be assumed by
some other person or estate, except that the
Successor Trustee, in its discretion, shall not
be required to pay and discharge, both as to
principal and interest, any valid lien, mortgage,
or charge against any real property, including
buildings and improvements, but may elect to
treat such as a continuing debt.
5.02 DISTRIBUTION OF PERSONAL PROPERTY
TO CLAUDIA BRADFORD STACH. Upon the death of
Grantor, the Successor Trustee shall distribute
to grantor's sister, CLAUDIA BRADFORD STACH, if
she survives Grantor, Grantor's two diamond
rings if such rings have not previously been
distributed. In the event CLAUDIA BRADFORD
STACH predeceases Grantor, then the Successor
Trustee shall distribute such two diamond rings
to LIZETTE LEWIS PRYOR.
5.03 CREATION OF CHARITABLE FOUNDATION.
Upon the death of the Grantor, the Successor
Trustee shall allocate one half of the remaining
Trust assets or property for the establishment
of a private charitable foundation for the
benefit of the church at which LIZETTE LEWIS
PRYOR attends and is a member as of the date
of Grantor's death. Such private charitable
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Last modified: May 25, 2011