Estate of Eugene E. Stone, III, Deceased, C. Rivers Stone, E.E. Stone, IV, Mary Stone Fraser & Rosalie Stone Morris, Co-Personal Representatives - Page 77

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                         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.                





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Last modified: May 25, 2011