- 6 -
undersigned at present is the holder of a power of appointment
over the principal of Trust A or the Survivor’s Trust, which came
into existence as the result of the passing of her husband,
pursuant to that certain revocable Declaration of Trust executed
by SAMUEL ENGELMAN and LEONA ENGELMAN on January 10, 1990.”
Thereafter, the instrument directed that the Trust A corpus
remain in trust for the benefit of Helen Adams and then upon her
death be distributed 10 percent each to the American Cancer
Society, the University of California at San Diego, the City of
Hope, and Sharon Commings, with the residue to Jeffrey McCoy.
The power of appointment was delivered to the trustees of the
Engelman Living Trust.
Decedent died on March 6, 1998. On May 11, 1998, Ms.
Mattson, in her capacity as special administrator of decedent’s
estate, executed a document entitled “DISCLAIMER OF INTEREST IN
TRUST PROPERTY”. Language therein stated that Ms. Mattson, on
behalf of decedent, “absolutely disclaims and renounces” all
interest in assets listed on an attached schedule. The
referenced schedule set forth Trust A assets valued at
approximately $600,000 as of Mr. Engelman’s date of death. The
document further specified that “such disclaimed assets shall
constitute Trust ‘B’ as per the express provisions” of the
Engelman Living Trust.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011