Estate of Charles N. Aronson, Deceased, Barney P. Aronson, Executor - Page 30

                                       - 30 -                                         
               amounts as possible during her lifetime, provided,                     
               however, that in no event shall such payments be made                  
               less frequently than semi-annually.                                    
                         2.  I hereby authorize my Trustee, in the                    
               event that the residuary trust set forth hereinafter                   
               shall be exhausted, to withdraw from the principal of                  
               this trust and pay over to my said wife, JOSEPHINE R.                  
               ARONSON, or for her benefit, such amount or amounts as,                
               in the sole discretion of my Trustee, may be deemed                    
               necessary or desirable for medical, surgical, hospital,                
               nursing or other expenses relating to illness of,                      
               accident to or emergency affecting my said wife, or as                 
               may be determined necessary, desirable for her                         
               maintenance and support.                                               
                         3.  In the event that the principal of this                  
               trust contains unproductive property not likely to                     
               produce income during her lifetime, my said wife,                      
               JOSEPHINE R. ARONSON, shall have the power to require                  
               the Trustee either to make such property productive or                 
               to convert it within a reasonable time to income                       
               producing property.  A written statement signed by my                  
               said wife and delivered to my Trustee shall be                         
               sufficient for this purpose.                                           
                         4.  Upon the death of my said wife, JOSEPHINE                
               R. ARONSON, after my death, or in the event my said                    
               wife has predeceased me, then at the time of my death,                 
               the entire 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 said 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.                                                               
                         5.  I hereby authorize my Executor, in his                   
               sole discretion, to elect that any part or all of the                  
               amount passing under this Article THIRD (B) be treated                 
               as qualified terminable interest property for the                      
               purposes of qualifying for the marital deduction                       
               allowable in determining the federal estate tax upon my                
               death.                                                                 







Page:  Previous  20  21  22  23  24  25  26  27  28  29  30  31  32  33  34  35  36  37  38  39  Next

Last modified: May 25, 2011