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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
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