- 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