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Decedent’s Last Will and Testament
Decedent’s January 8, 1997, will revoked her last will and
testament of October 20, 1988, and appointed Ms. Powell personal
representative. Decedent’s will provided that after her estate’s
expenses and taxes were paid, the residue of her estate,
including all property over which she held a power of appointment
at death, would be distributed to the trustee of the Sylvia Gore
Trust.
The Assignment
The assignment provided, in pertinent part, as follows:
The Sidney Gore Marital Trust provides, inter
alia, that I, Sylvia Gore, the undersigned surviving
spouse of Sidney Gore, am empowered to withdraw all or
any portion of the assets of the Marital Trust. I,
therefore, on this 8th day of January, 1997, exercise
the aforesaid power by withdrawing all those assets
received or to be received by the Marital Trust. Such
withdrawals shall be effected as follows:
1. I hereby assign assets having a fair market
value of $100,000 to the Trust Company of Oklahoma,
Trustee of the Pamela M. Powell Irrevocable Trust and
assets having a fair market value of $100,000 to the
Trust Company of Oklahoma, Trustee of the Michael Gore
Irrevocable Trust. The aforesaid assets are to be
administered and distributed pursuant to the terms of
each respective trust.
2. I hereby assign the remainder of those assets
received or to be received by the Marital Trust to the
Gore Family Limited Partnership, the beneficial
interest to be allocated as follows:
(a) An undivided one-third interest shall be
credited to the capital account of Pamela M.
Powell, Trustee of the Sylvia Gore Revocable Trust
dated October 20, 1988, as amended;
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Last modified: November 10, 2007