- 62 - skipping transfer, inheritance, transfer, succession, death, or similar taxes, includ- ing any interest or penalties thereon, pay- able by reason of my death * * * or assessed or imposed with respect to my estate, or any part thereof, whether or not passing under this Will, or any codicil thereto, including all policies of insurance on my life, all 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 for my children. In the event there are insufficient assets in a limited partnership established for a child of mine to pay an equal amount of such re- maining 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. * * * ITEM IV I hereby make the following specific bequests: (a) I give, devise and bequeath any interest that I may own at the time of my death in the EUGENE E. STONE, III LIMITED PARTNERSHIP, or its successor, to my children * * * in equal shares * * *. (b) 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 absolutely, but if he does not survive me, to my said son’s estate.Page: Previous 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 Next
Last modified: May 25, 2011