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(D) Immediately after the death of my wife,
SARAH KATZ, this trust shall terminate and the balance
of the trust fund then on hand, including any accrued
and undistributed income, shall be administered and
disposed of in accordance with the applicable
provisions of Article FOURTH of this will.
FOURTH: (A) All the rest, residue and remainder
of my estate is hereinafter referred to as my
“residuary estate.”
(B) I give, devise and bequeath my residuary
estate to my wife, SARAH KATZ, if she shall survive me.
Notwithstanding any otherwise conflicting provision of
this will, if my wife disclaims any interest in any
portion of the property otherwise passing outright to
her under this Article of my will, such portion instead
shall be added to the trust created under Article THIRD
of this will, to be administered and disposed of in
accordance with the provisions thereof.
(C) Upon my death if my wife shall not
survive me, or immediately after the death of my wife
if my wife shall survive me (the later of such events
being hereinafter referred to as the “time of the later
death”), I direct my executors or trustees to divide my
residuary estate or the then remaining balance of the
trust established under Article THIRD, as the case may
be, into as many equal parts as shall equal in number
those of my children who shall be living at the time of
the later death and those of my children who shall have
died prior to the time of the later death leaving
descendants living at the time of the later death, and
I give, devise and bequeath such equal parts * * *.
On June 22, 1999, Sarah Katz timely filed a Renunciation and
Disclaimer (the Disclaimer) with the Essex County Surrogate’s
Court with respect to decedent’s will.
The Disclaimer provides, in relevant part:
I hereby renounce and disclaim irrevocably and
forever any right, title and interest in and to the
following securities:
(1) 407.437 shares, Chrysler Corp.;
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Last modified: May 25, 2011