Estate of Charles N. Aronson, Deceased, Barney P. Aronson, Executor - Page 29

                                       - 29 -                                         
               accident to or emergency affecting my said wife, or as                 
               may be determined necessary or desirable for her                       
               maintenance and support.                                               
                         3.  Upon the death of my said wife, JOSEPHINE                
               R. ARONSON, after my death, or if she shall have                       
               predeceased me, then at the time of my death, the then                 
               remaining principal of this trust or the amount which                  
               would have constituted the principal of this trust, as                 
               the case may be, shall be paid over and distributed to                 
               my grandson, BARNEY P. ARONSON, if he is living at the                 
               time, to be his absolutely.  In the event that the said                
               BARNEY P. ARONSON shall predecease the said JOSEPHINE                  
               R. ARONSON, the same shall be paid over and distributed                
               to my grandson, SCOTT HALEY ARONSON.                                   
                         4.  The exemption equivalent amount referred                 
               to above shall equal the largest amount, if any, by                    
               which my taxable estate for federal estate tax purposes                
               (determined without regard to this Article) could be                   
               increased without increasing the federal estate taxes                  
               payable by reason of my death after taking into account                
               the unified credit and credit for state death taxes                    
               available against such tax (provided that the credit                   
               for state death taxes shall not be taken into account                  
               if I die a resident of a state whose estate or other                   
               death tax is limited to the federal estate tax credit                  
               for state death tax).                                                  
                         5.  I direct my Executor to make the special                 
               election under �2652(a) of the Internal Revenue Code                   
               with respect to this trust so that I shall be treated                  
               as the transferor of such trust for GST tax purposes.                  
                    B.  In the event that my wife, JOSEPHINE R.                       
               ARONSON, survives me, I give and bequeath an amount                    
               equal to the excess GST exemption amount, as                           
               hereinafter defined, to my Trustee hereinafter named,                  
               IN TRUST, * * * for the following uses and purposes:                   
                         1.  My Trustee shall invest and reinvest the                 
               same and shall collect and receive the income thereof                  
               and after deducting the necessary and proper expenses                  
               therewith, shall pay over said net income to my said                   
               wife, JOSEPHINE R. ARONSON, in monthly, quarterly, or                  
               other convenient periodic payments of as nearly equal                  







Page:  Previous  19  20  21  22  23  24  25  26  27  28  29  30  31  32  33  34  35  36  37  38  Next

Last modified: May 25, 2011