- 60 -
and bequeath any interest that I may own at the time of
my death in * * * [ES3LP] to be held in trust pursuant
to the terms of Item V of this Will. If my husband * *
* 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 * * *, in equal
shares * * *.
* * * * * * *
ITEM VI
I give, devise and bequeath all the rest, residue
and remainder of my property of every kind and descrip-
tion * * * to my children * * *.
On June 14, 1997, Ms. Stone executed a first codicil to Ms.
Stone’s will (Ms. Stone’s codicil). Ms. Stone’s codicil deleted
Item II and Item IV of Ms. Stone’s will and replaced them with
the following new Item II and Item IV:
ITEM II
I direct that all estate, inheritance, transfer,
succession, death, or similar taxes, including any
interest or penalties thereon, payable by reason of my
death, or assessed or imposed with respect to my es-
tate, or any part thereof, whether or not passing under
this Will, or any codicil thereto, shall be paid as
follows:
(a) Except as provided * * * below, I direct that
all estate, generation-skipping transfer,
inheritance, transfer, succession, death, or
similar taxes which may be assessed or im-
posed upon or with respect to any interest in
a limited partnership established for a child
of mine which is included in my gross estate
for the purpose of such taxes * * * shall be
paid out of and charged against such limited
partnership. In the event there are insuffi-
cient assets in a limited partnership estab-
lished for a child of mine to pay such taxes,
then the child of mine who received or re-
ceives an interest in such limited partner-
Page: Previous 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 NextLast modified: May 25, 2011