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deduction in the federal estate tax proceeding relating
to my estate, shall equal the maximum marital deduction
allowable in such proceeding. Notwithstanding the
foregoing, such amount shall not exceed that minimum
sum which, when added to such other sums, will have the
effect of reducing to zero the federal estate tax
(after giving effect to all credits against tax)
determined in such proceeding. The marital trust
(which is an amount and not a fractional share) shall
be established with cash or any other assets qualifying
for the marital deduction, first preference to be given
to assets not subject under the Internal Revenue Code
to a credit for foreign death taxes. All assets
allocated to the marital trust shall be valued as of
their respective dates of distribution. The marital
trust shall be held upon the following terms:
A. The entire net income of the marital
trust shall be paid to my wife, JOSEPHINE R. ARONSON,
at least quarter-annually during her lifetime.
* * * * * * *
THIRD: If my wife survives me, I give all the
rest of my property, real and personal, wherever
situated, herein called my residuary estate, to my
Trustee to hold as a family trust upon the following
terms:
A. The entire net income of the family trust
shall be paid to my wife, JOSEPHINE R. ARONSON, at
least quarter-annually during her lifetime.
* * * * * * *
FIFTH: As my wife and I in no way want to try to
impose the will of the dead hand, it will be up to our
heirs to determine who lives in the Big House and the
Little House on Hundred Acres. It is our wish that
Hundred Acres will always belong to Aronsons, that an
Aronson live in the Big House, and that Charles J.
Aronson have the use of the Little House as long as he
wishes. It is also our wish that our heirs see to it
that the property taxes and utility bills are paid so
that the Big House will be kept from freezing up or
passing from Aronsons through tax default.
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Last modified: May 25, 2011