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and securities and all other property, real and personal,
acquired by her as trustee hereunder, including any property
acquired under the provisions of settlor’s will, upon the trusts
hereinafter set forth.” The trust document required that all of
the trust’s income be distributed to (or on behalf of) decedent
at least once every 3 months, and it allowed decedent, as
trustee, to distribute to herself some or all of the trust’s
principal. The trust document stated that all principal and
undistributed income at the time of decedent’s death would be
distributed in the following order: (1) To pay certain expenses
and claims related to decedent (to the extent that decedent did
not have assets outside of the Lillie Investment Trust to pay
those amounts); (2) $40,000 to a trust benefiting decedent’s
mother, if living; (3) $5,000 to each of decedent’s living
grandchildren; (4) $1,500 to certain charitable organizations;
and (5) one-half of any remaining amount in the Lillie Investment
Trust to each of decedent’s children (or, if deceased, to the
benefit of his or her spouse and children). The trust document
set forth an extensive list of the duties and powers of the
trustee.
The terms of the Lillie Investment Trust were amended three
times. First, on January 1, 1981, the terms of the Lillie
Investment Trust were amended to state that decedent had changed
her residence and domicile from Illinois to Florida effective as
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