- 59 - death; however, I direct that my Personal Representa- tive may cause any debt to be carried, renewed and refinanced from time to time upon such terms and with such securities for its repayment as my Personal Repre- sentative may deem advisable taking into consideration the best interest of the beneficiaries hereunder. ITEM II I direct that all estate, inheritance, succession, death or similar taxes (except generation-skipping transfer taxes) assessed with respect to my estate herein disposed of, or any part thereof, or on any bequest or devise contained in this my Last Will and Testament (which term wherever used herein shall in- clude any codicil hereto), or on any insurance upon my life or on any property held jointly by me with another or on any transfer made by me during my lifetime or on any other property or interest in property included in my estate shall be paid out of my residuary estate and shall not be charged against the marital deduction. In the event there are insufficient assets in my residuary estate which are not selected for the marital deduction to my estate taxes, then my Personal Representative may charge any such remaining tax payments against the marital deduction. Notwithstanding the foregoing, if any such tax (including any interest or penalties thereon) is imposed on property includible in my gross estate by reason of Section 2044 of the Internal Reve- nue Code, as amended, or corresponding provision of state law, I direct my Personal Representative to recover such tax as provided in Section 2207A of the Internal Revenue Code, as amended, or corresponding provision of state law. ITEM III * * * * * * * * * * I give and devise all of my tangible per- sonal effects and household effects of every kind * * * to my children * * *, in equal shares * * *. * * * * * * * ITEM IV If my husband * * * survives me, I give, devisePage: Previous 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 Next
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