- 58 - the holding company of such corporate fiduciary; * * * to make distributions in cash or in kind, * * * to continue and operate any business owned by me at my death in the form either of a sole proprietorship, partnership, limited liability company or corporation, and to do any and all things deemed needful or appro- priate by my * * * Trustee, including the power to incorporate or form the business and to put additional capital into the business, for such time as they shall deem advisable, without liability for loss resulting from the continuance or operation of the business except for their own negligence; * * * and to do all other acts which in their discretion may be necessary or appropriate for the proper and advantageous manage- ment, investment and distribution of my estate or any trust hereunder, all of which may be done without order of or application to any court. Notwithstanding any provision in this will to the contrary, any duty or power granted to my * * * Trustee shall be absolutely void to the extent that the right to perform such duty, or to exercise such power, or the performance or exer- cise thereof would in any way cause my estate to lose all or any part of the tax benefits afforded by the marital deduction or any exemption allowed pursuant to the generation-skipping transfer tax provisions under either federal or state laws * * *. * * * * * * * (15) * * * Trustee. * * * I * * * nominate, constitute and appoint my children * * * as Co-Trustees of all trusts created in this will. * * * On May 3, 1997, Ms. Stone executed her last will and testa- ment (Ms. Stone’s will). Ms. Stone’s will provided as follows: I, ALLENE WYMAN STONE, a resident of and domiciled in Greenville County, South Carolina, do hereby make, publish and declare this writing to be and contain my Last Will and Testament, hereby revoking any and all other Wills or Codicils to Wills at any time heretofore made by me. ITEM I I direct that all of my just debts, secured and unsecured, be paid as soon as practicable after myPage: Previous 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 Next
Last modified: May 25, 2011