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Beneficiary desires to terminate the
Agreement;
(c) written notice by the Trustee to the
Attorney-in-Fact that it desires to
terminate the Agreement;
(d) revocation by any Beneficiary of the
appointment of the Attorney-in-Fact.
If the Agreement shall be terminated by the death
of, notice of termination by, or revocation of appoint-
ment of Attorney-in-Fact by any Beneficiary, the re-
maining Beneficiaries may enter into a new agreement
with the Trustee upon the terms herein set forth for
the investment, reinvestment and administration of
their trusts as one fund as herein provided. The share
of the Beneficiary dying, giving notice of termination
or revoking the appointment of Attorney-in-Fact, shall
be withdrawn from this Agreement and shall be adminis-
tered, distributed or otherwise disposed of according
to the terms of the Deed of Trust. Also upon final
termination of the Agreement (or any new agreement
referred to above), the trust fund administered under
this Agreement (or any new agreement) shall be divided
according to the terms of the Deed of Trust as if this
Agreement had not been entered into, it being under-
stood that this Agreement is intended only to relate
[to] the administration and management of the trust
estate and not to affect the substantive rights of any
distributees under the Deed of Trust. The termination
of the Agreement shall not be an occasion requiring the
Trustee to file an account covering its administration
of the trust estate pursuant to this Agreement.
5. This Agreement shall not affect the Deed of
Trust in any other respect or the Trustee’s ultimate
duty to account. During the time this Agreement is in
effect, the Trustee’s compensation shall reflect the
fact that the trust estate is being administered as a
single account.
Between the date on which Clara Wright disclaimed her
interest in the inter vivos trust and the date of decedent’s
death on December 27, 1998, decedent received a one-sixth share
of the income from the inter vivos trust.
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Last modified: May 25, 2011