- 55 - bequests and devises, all transfers made by me during my lifetime, all jointly held prop- erty, all pension and profit-sharing bene- fits, deferred compensation benefits and individual retirement accounts, and all pow- ers, rights, or other interests in property included in my gross estate for the purpose of such taxes, shall first be paid out of and charged against my residuary estate. In the event there are insufficient assets in my residuary estate to pay such taxes, then such remaining taxes shall be paid out of and charged equally against the limited partner- ships established by me for my children. In the event there are insufficient assets in a limited partnership established by me for a child of mine to pay an equal amount of such remaining taxes, then the child of mine who received or receives an interest in such limited partnership, or such child’s estate, as the case may be, shall be responsible for the payment of an equal amount of any such remaining taxes. * * * * * * * * * * (4) Specific Bequests. I hereby make the follow- ing specific bequests: (a) I give, devise and bequeath all of my tangi- ble personal effects * * * to my children * * *. (b) If my wife * * * survives me, I give, devise and bequeath any interest that I may own at the time of my death in the EUGENE E. STONE, III LIMITED PARTNER- SHIP, or its successor, and any proceeds, net of taxes, received by my estate from any individual retirement account or deferred compensation * * * to be held in the ALLENE WYMAN STONE TRUST * * *. If my wife * * * does not survive me, then I give, devise and bequeath any interest that I may own at the time of my death in * * * [ES3LP] to my children * * *. (c) I give, devise and bequeath any interest that I may own at the time of my death in the C. RIVERS STONE LIMITED PARTNERSHIP, or its successor, to my son, C. RIVERS STONE, if he survives me, to be his abso- lutely, but if he does not survive me, to my said son’sPage: Previous 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 Next
Last modified: May 25, 2011