- 7 - (hereinafter appointed), the Trustee shall make equal distributions to each Beneficiary of such sums from principal as shall not exceed $5,000 to each Benefi- ciary in any one calendar year. 3. By the execution of this Agreement, each Beneficiary hereby appoints ROBERT McE. WRIGHT, JR.[5] (the Attorney-in-Fact) as her [sic] attorney-in-fact under the Deed of Trust and hereunder: (a) to take any actions and make any deci- sions contemplated to be taken or made by the Beneficiaries and to communicate the same to the Trustee; (b) to communicate to the Trustee the in- vestment objectives of the Beneficiaries with respect to the investment of the principal of the trust fund; (c) to request on behalf of the Beneficia- ries equal distributions from principal not to exceed $5,000 per Beneficiary in any one calendar year, as contemplated in paragraph 2 hereof; and (d) generally to make representations, give consents and act on her [sic] behalf in all dealings with the Trustee under the Deed of Trust and hereunder. Each Beneficiary further agrees that this appoint- ment of the Attorney-in-Fact shall remain in full force and effect until written notice of revocation is given to the Trustee or until this Agreement is terminated as hereinafter provided. 4. This Agreement shall terminate upon the hap- pening of any of the following events: (a) the death of any Beneficiary; (b) written notice to the Trustee that any 5We presume that Robert McE. Wright, Jr., is Robert McEldowney Wright, Jr., decedent’s only brother and one of the beneficiaries under the inter vivos trust.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