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Trust would be to insure that decedent’s estate receives a full
marital deduction, fully utilizes the decedent’s credit shelter
amount and reduces substantially the generation-skipping transfer
(“GST”) tax that will be payable by reason of distributions from
the Trust.” The 1998 petition asserts that decedent always
intended to minimize the estate tax and GST tax on his estate.
The 1998 petition further states: “Your Petitioner believes that
if this Court will reform and construe Article THIRD of the Will
to sever the residue of Decedent’s estate into three trusts as
set forth, this will insure the foregoing potentially
considerable estate tax and GST tax savings.”
On February 10, 1998, Jo filed a waiver and consent to the
1998 petition waiving service and consenting in full to the
relief requested in the 1998 petition.
On February 17, 1998, Scott Haley Aronson filed a waiver and
consent to the 1998 petition waiving service and consenting in
full to the relief requested in the 1998 petition.
On March 5, 1998, Bar filed an “AMENDED PETITION UNDER SPCA
1420(A) FOR CONSTRUCTION AND REFORMATION OF WILL” regarding the
1993 will (1998 amended petition) in the Surrogate’s Court. The
1998 amended petition was virtually identical to the original
petition and contained only a few changes--such as adding Scott
Haley Aronson as a beneficiary if Bar predeceased Jo.
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