- 4 -
date of Ms. Wright’s death and the date of Mr. Wright’s death,
Mr. Wright received a one-fourth share of the income from the
testamentary trust. Between the date of Mr. Wright’s death and
the date of decedent’s death on December 27, 1998, decedent
received a one-sixth share of the income from that trust.
On May 11, 1976, Hester M. Wright (Hester Wright), one of
decedent’s aunts, executed a deed of trust (deed of trust) under
which she created an inter vivos trust (inter vivos trust). The
deed of trust provided in pertinent part as follows:
HESTER M. WRIGHT, of the City of Pittsburgh,
Allegheny County, Pennsylvania, as the Settlor, and
MELLON BANK, N.A., a national banking association
authorized to engage in trust business in the Common-
wealth of Pennsylvania, as the Trustee, hereby agree as
follows:
ONE: The Settlor hereby transfers and delivers to
the Trustee * * * [certain property] together with all
her interest therein. The Trustee shall hold said
property, together with any additions thereto as here-
inafter provided, as a Trust Estate, shall invest and
reinvest the same and shall distribute the net income
(hereinafter called “Income”) and principal as set
forth in the following provisions.
(A) During the Settlor’s lifetime, the
Trustee shall pay the Income quarter-annually to her or
for her benefit and shall also pay to her such sums
from principal as she may direct in writing * * *
(B) Upon the Settlor’s death, the Trustee
shall pay directly to the taxing authorities or through
the personal representative of her estate all estate,
inheritance and other taxes in the nature thereof
* * *. The Trustee shall also pay to the Settlor’s
personal representative or shall expend directly, from
assets other than the proceeds of insurance, such sums
as said personal representative shall certify as neces-
sary to supplement the Settlor’s probate estate in
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011