- 5 -
order to pay debts, funeral expenses, legacies and
administration expenses. Subject to such payment, the
trust shall continue as follows:
(1) During the lifetime of the Settlor’s
sister, CLARA E. WRIGHT, if she survives [t]he Settlor,
the Trustee shall pay the Income quarter-annually to
her or for her benefit * * *
(2) Upon the death of the survivor of
the Settlor and her said sister, the principal shall be
divided into six equal shares for the Settlor’s nieces
and nephew, ELIZABETH WRIGHT ANDERSON, SARAH WRIGHT
GREVE, ANN WRIGHT CURRAN, PATRICIA WRIGHT CALDWELL,
ROBERT McELDOWNEY WRIGHT, JR., and NANCY ROBERTS
WRIGHT, and each share shall be held as a separate
trust. If any of them is not then living, his or her
share shall be distributed as is hereinbelow provided.
(a) During the lifetime of each of
them, the Trustee shall pay the Income from his or her
trust quarter-annually to or for the benefit of said
niece or nephew, and if the Trustee considers the
Income to be insufficient, in view of other funds
readily available for such purpose of which it has
knowledg[e] to provide for the welfare and comfortable
support of said niece or nephew and his or her family,
including educational and funera[l] expenses, the
Trustee is authorized in its discretion to use such
sums from principal as it deems advisable therefor. In
addition, the Trustee shall pay to said niece or nephew
such sums from prin[cipal] as he or she may request in
writing, not to exceed FIVE THOUSAND ($5,000) DOLLARS
in any one calendar year[4] on a noncumulative basi[s.]
On July 21, 1980, Hester Wright died. On a date not dis-
closed by the record on or after July 21, 1980, Clara E. Wright
(Clara Wright), one of decedent’s aunts, disclaimed her interest
4The deed of trust granted to decedent and Mr. Wright’s
other children the power of appointment with respect to an amount
not to exceed $5,000 from the principal of the inter vivos trust
in any one calender year. For convenience, we shall hereinafter
refer to that amount as $5,000.
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