Aff - Fithian, Angeline_2/27/2007_. � �
February 22, 2007
Gibson Counry Auditor
�� 101 N. Main St.
Princeton, IN 47670
Attention: Bobbie
Deaz Madam:
SUBJECT: PARCEL 009-00197-00
PARCEL 009-00199-00
The transfer of interest andlor ownership of PARCEL 009-00197-00 and PARCEL 009-
00199-00 from Fred R. Fithian, deceased, to Angeline Fithian.
Fred R. Fithian died November 30, 2006. According to his will, I am the beneficiary.
Fred R. Fithian owned 1/5 (one-fifth) interest of PARCEL 009-00197-00 and PARCEL
009-00199-00. Please transfer Fred R. Fithian's interest of the above two pazcels to me,
Angeline Fithian. I am enclosing two documenu to substantiate my claim. The first is his
Death Certificate. The second document is the Order Admitting Will to Probate as
Muniment of Title issued in Williamson Counry, Texas where Fred R. Fithian resided
and died. This document gives me the authority to Vansfer propeRy from Fred R. Fithian
to myself. Note that a certified copy of the Will of Fred R. Fithian is attached. I believe
these two documents aze all that is needed.
Although 1 believe the above two documents should suffice, I am including copies of
other supporting documents.
A brief history of Fred R. Fithian's ownership and interest in the above pazcels follows.
In 1971, Fred R. Fithian received 1/6 (one-sixth) interest upon the death of his father,
William H. Fithian. In 1997, upon the death of one of the co-owners, Lillie M. Fithian, he
received 1/5 (one-fifth) of her 1/6 (one-sixth) interest or 1/30 (one-thirtieth) of additional
interest of PARCEL 009-00197-00 and PARCEL 009-00] 99-00. As of that time he then
owned 1/5 (one-fifth) interest. In 1995, Fred R. Fithian released and quit-claimed his
ownership to me, Angeline Fithiaii. On February 26, 2001, I then released and quit-
claimed my ownership back to him. At the time of his death, Fred R. Fithan owned 1/5
(one-fifth) interest of PARCEL 009-00197-00 and PARCEL 009-00199-00.
Thank you very much for your assistance.
Sincerely, ,
����� �.�����/
Angeline Fithian
1603 Creekview Drive
Round Rock, TX 78681
512-244-3224
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AFFIDAVIT
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OId90N COUN7y q�pj�R
FRED R. FITi?IAN , after bein.g duly
upon his -oath deposes and.states as follows, to-wif: -
sworn -
1.. That. .:=h2, is a son of..Ida F. Fithian
coho died iate'state April:4',`".1939;aad who left as her only. heirs
William-H. Fithian, her husband,;Agnes Wolfe;"daughter;.Ch�rles
F. Fithian, son;..Paulina'HOrrall; daughter; Paris Pithian, son;
Fred R. Fithian, son and Le;�nie: Steeie, daughter:
2.:.--That he is.a sbn . 'to William
H: Fithian who died,intestate January_4,:1971:.3eavsng.-Susie A.
Fith�an;,_a 5econd'ctiildless.widow�and tfie folLowing-children; .
Agnes Wolfe; daughter; Charles F.. FitSian; sonj Patilina Horrall,;
`.dauahter; Paris Fithian, son;. Fred R: Eithian,.son and Lennie
= .:.- .
'' - Steele,.daughter. -.
3. That the:affiant has a 1/6 interest in certain
real_.estate owned by.Ida:F. Eithian af her death and_is' re-: _,
'_mainderman to a T/3 of 1/3'life estate presently owned by
Susie A. Fithian, Said real estate.beiaq--that described•in ;`,
"Exhibit A".attached hereto.. `..
4. That the sain Sus.ie A: -Fith�ian'=is,=,presently ,84
pears of aqe.and.is incapable of caring for herself. �"
- 5. Tnat'the affiant has.in the past shared in the
care.and maintenance of Susie A. Fithian� Th"af all monies.
derived from the. sale of any property in which Susie A. Fithian.
" has a life estate and in which the affiant is-a remainderman
shall.•be used.iri the £uture:.for the continued care and maintenance_`
of sa'id Susie A..Eithian.
� J ' 6: To ascertain the value of:Susie A. Fithiam's
' life estate.in any real estate to which said interest anplies, _-
!' 1/3_of l%3 of._tre purchase.p,rice.for said real estate snoyl_c��e
muLti:plied by a factor'of :.23956, as C.0L2YIIlii.2Q DV ac..ua ��! a".
�s : ��tables -used by . tne Internal Revenue Service fcr perso, s c}�i�g
after Decer��ber 31, 1970. h
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' �t90B-'1982�
�
BALLARD 6 REEVES
PROFESSION<l GOGiPORGTION
ATTORNEYS AT LAW
'It6 S. MAW-STREET
R O. BOY. 456
PRINCETON. INOIA�IA 47670
Janu3ry ?th, 1997
;Jiiliam 3. Fitnian
4 Cherokee �rive
Vincennes, IN 47591
--- -- _- Fre�1 `ithi 3n -- --- __— -
1603 Creekview Drive
°ound Rock, TX 78681-6209
Wilna '�lolfe Cullison
R.R. r3 Box 40
Vinc?nn�s, iN 47591
[N RE: tstate of !illie M. Fithian
�ear �ithian N=ir:
�
OAN L FEEVeb
TELEPHONE �B'12j 385-96a1
F4X �012� �E132°69
Paulina Horrall
1431 McDowell Road
Vincennes, IN 47591
Jane Brown
bT00 �iary ivood- �7rive
Newburgh, IN 47630
Lisa Wathan
935 Briarwood Drive
Broo-msburg, Indiana 46111
Please find �nclosed a copy of the duly recorded personal rearesentatives'
deed �•.here you were conveyed a portion of Mrs. Fithian's one-sixth interest
in the ;itfiian Farm. Mrs. Fithian's one-sixth interest in the real es*ate
was valued at �7,903.00 and all inheritance taxes have been paid by the
estate.
This office has contacted Farm Bureau Oil Company regarding the change in
ownership interests and your names and addresses. Tiie oil company will be
forviarding a division order for your review and signature.
Should you have any questions, please advise.
Sincerely,
�Q'"- �. 6 �
Dan L. Reeve�
°A!LARD & REEVES, P.C.
DLR!jb
ef1C.
����'IL,�L� • �.�63f
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.�d�' rt�wn ,H�s�
� PERSONAL REPRESENTATIVES' DEED o��n.o.,e �
AT � � vG. �.u.
pIB50N'C �N� AUDITOR
�row� �-. °°
��
MARY CAR�lA1iA�l and MARIE TOLBERT, are the Personal Representztives of tne
Esta*_e of LILLIE �A. FITHIAN, deceased. This estate is pending as Cause Number•
26C01-9604-EU-0037 in Gibson County, lndiana. The Personal Representatives,
by VIRTUE of the POblER given a personal re�resentative under Indiana Law, hereby
distribute to WILLIAM B. FITHIAN, WILMA WOLFE CULLISON, and PAULINA HORRALL, all
�;= v��y.r���±y, Sta*e of Indiana_and FRED FITHIAN of Williamson County, State of
Texas, an undivided one-thirtieth (1/30th) interest each and LISA WATHAM of
Hendricks County, State of Indiana and JANE BROWN of Warrick County, State of
Indiana, an undivided one-sixtieth (1/6Uth) interest each, in the followir�g
described real estate situate in Gibson County, State of Indiana, to-wit:
The west half of the southeast fractionai quarter of Section 23,
Township 1 north, Range 10 west, and the southeast quarter of the
southeast quarter of Section 23, Township 1 north, Range 10 west, con-
taining in all 109.acres, more or less;
ALSO, a part of the north half of the northeast quarter of S2ction 26,
Township i north, Range 10 wes*_, described as follows: Begin at a
point 14 chains and 35 links west of the northeast corner of said
quarter section and run thence south 2 chains and 23.6 links; thence
west 2 chains and 23.6 links; thence north 2 chains and 23.6 links;
thence east 2 chains and 23.6 links to the place of beginning, con-
taining 0.5 of an acre.
The decedent, LILLIE M. FITHIAN, owned an undivided one-sixth i_nterest
- in tne above desr.ri�ed reai estaie at i.ne date o� her �emise. -
IN WITNESS WHEREOF, the said MARY CARNAHAN and MARIE TOLBERT, as Personal
Representatives of the Estate of LILLIE M. FITHIAN, deceased, have hereunto set
their hands and seals this �� day of December, 1996.
'h� G�z..�� O�t ./�.
MARY NAHAN, Personal
Representative of the Estate of
LILLIE M. FITHIAN, deceased
, _,
� 7�
� l.C}:1ti.. ��''!t fJ t,. lr:-,:.;-' .
MARI�6 T, Personal °
P,epresentative of the Estate of
LILLIE M. FITHIAN, deceased
�
.. . ,.,
��
STATE OF INDIANA
•
i
SS:
COUNTY�OF GIBSON
. . . nik:i-. - ,
Before me, the undersigned, a Notary Public; in,iand for said County and.
State, personally appeared MARY CARNAHAN and�MARIE.tT;OLBERT, as Personal
Representatives of the Estate of LILLIE M. FITHI•AN,�deceased, and acknowledged
the execution of said deed to be their voluntary act and deed for the uses
and purposes expressed therein.
WITNESS my hand and-seal this a� f� day of December, 1996.
tpires:
- --- — _ . �
/<z.��.f� Notary Public
_ / JAyce Larson Box�ll
Resident of Gibson County, IN
PREPARED BY DAN L. REEVES, ATTORNEY AT LAW.
MAIL TAX DUP.LICATES-T0:
WILLIAM B. FITHIAN
4 Cherokee Drive
Vincennes, Indiana 47591
�� . . �l-r`.�"'
9�v - � y�
��� ��°
�
.`�FILEI�
. �,����7 ZOO7 QUIT-CLAIM DEED
• s��
��j-.� - 9�
���'�
�� � �
Q����N1���f�f��W�iNESSETH, That FRED R. FITHIAN of Williamson County, State
of Texas RELEASES and QUIT-CIAIMS to ANGELINE FITHIAN, of Williamson County,
State of Texas, for and in consideration of the sum of One Dollar ($1.00) and
other valuable consideration the receipt whereof is hereby acknowledged, all of
his right, title and interest in and to the following described real estate
situate in Gibson County, State of Indiana, to-wit:
The west half of the southeast frectional querter of Section 23,
Township 1 north, Range 10 west, and the southeast quarter of the
southeast quarter of Section 23, Township 1 north, Range 10 Y�est, con-
taining in all 109 acres, more or less;
ALSO, a part of the north half of the northeast quarter of Section 26,
Township 1 north, Range 10 west, described as follows: Begin at a
point 14 chains and 35 links �vest of the northeast corner of said
quarter section and run thence south 2 chains and 23.6 links; thence
west 2 chains and 23.6 links; thence north 2 chains and 23.6 links;
thence east 2 chains and 23.6 links to the place of beginning, con-
taining 0.5 of an acre.
IN WITNESS WHEREOF, the said FRED R. FITHIAN has hereunto set his hand ana
seal this a� day of September, 1995.
�i�F �o���
fRE R. FITHIAN
STATE OF INDIANA, COUNTY OF GIBSON, SS:
Before me, a Notary Public, in and for said County and State, this a� day
of September, 1995, came FRED R. FITHIAN and acknowledged the execution of the
foregoing instrument.
Witness my hand and official seal. j� -
My Commission Expires:
7/15/1999
1 _,,.�/ NOTARY PUBLIC
�' O oy 'Larson Boxell
Resident of 6ibson County, IN.
THIS INSTRUMENT PREPARED BY DAN L. REE4ES, ATTORNEY AT LAW, 116 S. Main Street
P.O. Box 456, Princeton, Indiana 47610
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TH1S 1NDENTURE WITNESSETH.'l'hai �i�'GELL\E h7'fHIAN, o�
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�1'illian:son County, State of "1'exas, RELEASES and QUIT CLAIi11S to FRL:D R. FITHIAN.
of lUiiliamson Count��. State of Tesas, for and in consideratiun of the sum ol (�nc liollar
($1.00) and other valuable consideration, the receipt whereof is hereby acknowled�ed. all of her
right, tide and interest in and to the followine described real estate situate in Gibson County, in
the State of Indiana, to-�vit:
The ��est half of the southeast fractional quarter of Section 23, "fo���nship l north.
Range 10 west. and the southeast quarter of the southeast yuarter of Seciion 23.
To�anship 1 north. Range ]0 west, containine in all 109 acres, more or I�ss:
ALSO. a part of the north half of the northeast quarter of Section 26. To���nship 1
north. Range 10 H�est, described as follows: Begin at a point 14 chains and 3�
linl:s west of the northeast corner of said quarter section and run thencr ;uuth 2
chains and 23.6 links: thence west 2 chains and 23.6 links; thence north 3 chains
and 23.6 links: tlience east 2 chains and 23.6 links to the placc of beginnim�.
containing 0.� of an acre.
IN WITNESS WHEREOF, The said ANGELINE FITHIA�' has hereunto set
her hand and seal this .��_ day of Fz�; ,,. u � T 2001.
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S7'ATE OF TEXAS. COU1�'7'Y OF�},,.\\��w,�.,-. . SS:
Before me. a Notary Public; in and for said County and State, this ��dati� of _
�zb: �: ;� . 2001 came ANGELINE FITHIAN and a• �o, � �i� P
foregoing instrum�n[. ;r=�NTHIA MA}�
� Notary PuMk, St3ta ol Tezes
Witness mv hand and official seal.
my commission expires:
MylTmti.::on Ex� ru
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tJotary Public
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THIS INSTRUMENT PREPARED BY DAN L. REEVES, Attorney at La��� II)# �9�2-26. I 16
S. Main Street, P.O. Box 4�6, Princeton, Indiana =F7670
�1ail Tax Duplicates to: . ..
FRED R. FITHIA\'. 1603 Geek�ie��� Drive, Kound Rock,'I'X 78681
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ESTATE OF § IN THE �I COURT
§
FRED ROSS FITHIAN, § OF
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DECEASED § WILLIAMSON COUNTY, TEXAS
ORDER ADMITTING WILL TO PROBATE AS MUNIMENT OF TITLE
On this day came on to be heard the Application For Probate of Will as Muniment
of Title filed by ANGELINE MARIE FITHIAN ("ApplicanY') in the Estate of FRED ROSS
FITHIAN, Deceased ("DecedenY').
The Court, having heard the evidence and having reviewed the Will and the other
documents filed herein, finds that the allegations contained in the Application are true; that
notice and citation have been given in the manner and for the length of time required by
law; that Decedent is dead and that four years have not elapsed since the date of
DecedenYs death; that this CouR has jurisdiction and venue on the DecedenYs estate; that
Decedent left a Will dated March 2, 1993, executed with the formalities and solemnities
and under the circumstances required by law to make it a valid Will; that on such date
Decedent had attained the age of 18 years and was of sound mind; that such Will was not
revoked by Decedent; that no objection to or contest of the probate of such Will has been
filed; that all of the necessary proof required for the probate of such will has been made;
that such Will is entitled to probate; that no necessity exists for the administration of this
estate; that the will should be admitted to probate as a muniment of titie; and that the
affidavit which would otherwise be required by Tex. Prob. Code Ann. § 89C(d) is not
necessa in this matter and the requirement for such affidavit should be waived.
� � � � � BEAT—UEAND
FEB 2 7 2001
GIBSON'COU � A���TOR
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It is therefore ORDERED, ADJUDGED and DECREED that such Will is
admitted to probate as a muniment of title pursuant to Tex. Prob. Code Ann. § 89C, and
the Clerk of this Court is ORDERED to record the Will, together with the Application in the
Minutes of this Court.
It is further ORDERED, ADJUDGED and DECREED that the filing of an
affidavit which would othervvise be required by Tex. Prob. Code Ann. § 89C(d) is hereby
waived.
SIGNED this � day of
ORDER ADMITTING WILL TO PROBA7E AS MUNIMENT OF TITLE
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FEB 2 7 2007
OF
aU� 'a FRED ROSS FITHIAN
GIBSO�V�tJTY AUDITOR
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I, FRED ROSS FITHIAN, of Williamson County, Texas, declare
this to be my Last will, and I revoke any prior Wills and
Codicils.
Reference to Certain Fami1Y Members: I am married, and my wife's
name is ANGELZNE MARZE FZTHIAN. All references to "my wife" or
"my spouse" are to her. I have two (2) children, now living, and
their names are PAULA KOEPKE and FREDA STRZELEC.
Property Beinq Disposed: It is my intention to dispose of my
interest in the community property of my wife and myself, and of
all of my separate property. However, T do not intend to
exercise any power of appointment which I now possess or which
may hereafter be conferred on me, unless such power is
specifically referred to herein or in any Codicil hereto.
ARTICLE I BEQUESTS AND DEVISES
I devise and bequeath my entire estate, which shall not
include ariy property over which I have nower. of annoi.n�mAnr at T}.
death, as follows:
1.01 Automobiles, Household Goods, Personal Effects, Etc.: All
of my interest in all personal automobiles, boats, club
memberships, sporting equipment, household goods, furniture,
china, jewelry, bric-a-brac, silver, works of art, clothing,
personal effects, and any other similar items (the determination
of which items of property fall within such categories shall be
in the good faith judgment of my Executor), together with any
insurance on such items, I give to my wife, but if my wif.e does
not survive me, equally to my daughters, PAULA KOEPKE and FREDA
STRZELEC, or the survivor of them. If neither survive me, this
gift shall lapse.
If my wife does not survive me, the tangible personal property
passing to my beneficiaries under the immediately preceding
paragraph shall be divided among those beneficiaries who survive
me in the shares that they shall unanimously decide. Zf those
beneficiaries are not above to reach a unanimous decision as to
the division of such prooerty within ninety (90) days after the
date of this c�ill is admitted to probate, then by Executor may,
in its discretion, (a) paititicn and distribete any or all of
th?s'prope-ty amenq those beneficiaries ir, a mar.r.er it determines
to be appropriate, taking into account the percentage distri-
bution contained in Paragraph 2.01 of this Will, and/or (b) sell
any or all of this property and include the proceeds of the sale
as part of my residuary estate. In addition, in the absence of a
unanimous decision, the items my F.xecutor determines to be of no
present or probable future use to those beneficiaries shall be
disposed of by my Executor by gift to any charity or person, by
abandonment or destruction, if appropriate, in the discrFtion of
3WILL492:WILLI2D
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my Executor. If any such beneficiary is not of legal age, my
Executor shall act as provided in this paragraph.
Any cost of packing and shipping this property shall be charged
against my estate as an expense of administration.
I may have made, or may from time to time make, written memoranda
in which I request that certain items of such tangible personal
property be distributed to certain named persons. Z urge the
beneficiaries of my estate to respect these written requests, and
my Executor shall be fully protected in relying upon such
memoranda.
1.02 Real Property Residence: If my wife survives me, I give
her any interest I may have in any real property I own at the
time of my death that we then use as our principal residence,
together with all buildings and improvements on the property, all
related appurtenances, and all related policies or proceeds of
insurance. If she does not survive me, this gift shall lapse.
Any indebtedness secured by a lien on this property and expressly
described in the instrument creating the lien shall be paid out
of any residuary estate. Nothing in this will shall be construed
as requiring any prepayment of the indebtedness.
1.03 Farm in Indiana: If my wife survives me, I give her any
interest I may have in my separate property farm in Washington
Township, Gibson County, Indiana, being an undivided 1/6 interest
in approximately 110 acres. If she does not survive me, this
gift shall lapse.
1.04 Pecuniary Marital Deduction Gift: If my wife survives me,
I give to my wife an amount equal to the maximum federal estate
tax marital deduction allowable in determinina the federal estate
tax payable by reason of any death, LESS, however, the marital
deduction allowed by reason of all interests in property that
pass or have passed to my wife other than by virtue of this
pecuniary formula federal estate tax marital deduction gift (the
words "pass or have passed" having the same meaning as such words
shall have under the provisions of the Code).
Zn making the computations necessary to determine the amount of
this pecuniary federal estate tax marital deduction gift, (a)
values as finally determined for federal estate tax purposes
shall be used and (b) there shall be disregarded all transfers as
to which I am the "deemed transferor," under Section 2612 of the
Code and which would otherwise result under Section 2602(c)(5)(A)
of the Code in increasing the maximum allowable marital
deduction, or which would have like effect under the
corresponding provisions of any federal tax law.
The amount of the foregoing pecuniary federal estate tax marital
deduction gift shall be reduced by the amount, if any, needed to
increase my taxable estate to the largest amount that will result
in no federal estate tax being payable by my estate, after
allowing for the unified credit against t.he federal estate tax
but no other credits.
However, if my wife survives me but does not survive me by at
least 90 days, the amount of this marital deduction gift shall be
reduced by a sum equal to one-half (1/2) of the amount by which
the value of my wife's taxable estate would exceed (but for this
change) the value of my taxable estate (but for this change).
My Executor shall not satisfy this gift with any property or
interest in property which is not eligible to satisfy the marital
deduction. In addition, my Executor shall not satisfy this gift
CERTiFIED'fOBEA�UEAND � Q
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with any property or interest in property which is subject to
death taxation by a foreign country, if the other available
assets of my estate are sufficient to fully satisfy this gift.
Zn distributing assets in satisfaction of this gift, my Executor
shall value the assets as of the date of their respective
distributions.
It is my intention that the foregoing formula pecuniary estate
tax marital deduction gift shall qualify for a marital deduction
in determining the federal estate tax payable by reason of my
death. Although my Executor and Trustee shall be vested with all
discretionary powers, rights and authorities herein conferred, no
such Executor or Trustee shall have any power, right or authority
which would disqualify such gift for such marital deduction and
accordingly, all other provisions of this will shall be
subordinate to this requirement.
1.05 Residuary Estate: All of the remainder of my estate,
including any preceding gift which may have lapsed, herein
referred to as "my residuary estate," I give to the Trustee
herein named of THE FITHIAN FAMILY TRUST, hereinafter
collectively referred to as the "Trustee", in trust as herein set
out.
ARTICLE II TRUST PROVISIONS
2.01 The Fithian Family Trust: The gift under the provisions of
Article I to the Trustee of THE FITHIAN FAMILY TRUST shall
constitute the Trust Estate of a Trust, the basic provisions of
which shall be as follows:
(a) Distributions Durinq Trust Term: During the term of
such Trust, the Trustee, from time to time, shall distribute
to my spouse such amounts of the net income and principal or
both of such Trust Estate, up to the whole thereof, as are
sufficient to provide for the reasonably necessary health,
support and maintenance of my spouse. Net income of the
Trust shall be distributed to my spouse at least quarterly.
In making such distributions to my spouse, the Trustee shall
take into account any financial resources (both income and
principal) my spouse may have from other sources to the
knowledge of the Trustee.
(b) Final Distribution: When my spouse has died such Trust
Estate shall be distributed as follows:
(1) Upon the death of my wife, my Trustee shall
distribute the corpus thereof, including all accrued
but undistributed interest and income, in equal shares
to PAULA KOEPKE and FREDA STRZELEC, provided however,
if any such child of mine is not then living, his share
of the trust estate shall be distributed to his or her
issue per stirpes. In making the distribution, my
Trustee shall have the authority to apportion and
allocate the trust estate in cash or in kind, or partly
in cash and partly in kind, or in undivided interests,
in the manner deemed advisable and in the discretion of
my Trustee.
(2) if either PAULA KOEPKE and FREDA STRZELEC shall
die, leaving no issue, her share of the trust estate
shall pass to the survivor of them, per stirpes.
(3) if neither PAULA KOEPKE nor FREDA STRZELEC, or any
of their issue survive me, the balance of my estate
shall be distributed as follows:
3WILL492:WILLI2D
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(a) one-half (1/2) to my heirs at law; and
(b) one-half (1/2) to the heirs at law of my
spouse.
2.02 Continqent Trusts: Regardless of any other provisions
herein (except the provisions of the Section herein entitled
"Maximum Term of Trusts"), any portion of my residuary estate, or
any portion of the final distribution of the Trust Estate of any
Trust created or provided for in this will (other than a
Contingent Trust), which would otherwise be distributed in
default of appointment to a person who has not then attained at
least twenty-one (21) years of age instead shall be distributed
to the Trustee herein named, in trust, as the Trust Estate of a
Trust (herein sometimes called a"Contingent Trust") for such
person; provided, however, that if such distribution would result
in the creation of a Contingent Trust for a person for whom a
Contingent Trust is existing hereunder, such distribution shall
instead be made to the Trustee of such existing Trust, in trust,
as an addition to the principal of the Trust Estate of such
existing Trust.
(a) Distributions Durinq Trust Term: During the term of
any such Contingent Trust, the net income of such Trust
Estate may be accumulated and retained, in whole or in part,
or the Trustee, from time to time, may distribute to the
person for whom such Trust is created such amounts of the
net income or principal or both, of such Trust Estate as, in
the discretion of the Trustee, are sufficient to provide for
such person's reasonably necessary health, support,
maintenance and education, taking into consideration such
person's age, any income such person may have from other
sources to the knowledge of the Trustee, and any other
factors deemed relevant by the Trustee.
(b) Final Distribution: When such person attains
twenty-one (21) years of age or dies, whichever is earlier,
such Trust shall terminate and such Trust Estate shall be
distributed to such person, but if such person is not then
living, to such person's estate.
ARTICLE III FIDUCIARY APPOINTMENT PROVISIONS
3.01 Appointment of Executors and Trustee: I appoint my wife
Independent Executrix of my estate. If my wife should, for any
reason, fail or cease to act as Executrix, I appoint my dauqhter,
PAULA KOEPKE, substitute or successor Independent Executor of my
estate. If she should, for any reason, fail or cease to act as
Executor, I appoint my daughter, FREDA STRZELEC, substitute or
successor Independent Executor of my estate.
Z appoint my wife as Trustee of all trusts created herein. If my
wife shall, for any reason, fail or cease to act as Trustee, I
appoint PAULA KOEPKE, Trustee of all Trusts created or provided
herein. If she should, for any reason, fail or cease to act as
Trustee, Z appoint FREDA STRZELEC, substitute or successor
Trustee oi all Trusts creaced or provided he�ein.
All references herein to Executor or Trustee shall refer to the
Executor or Executors (whether Independent or otherwise) or the
Trustee of Trustees then acting hereunder.
Each Executor and Trustee shall be entitled to reimbursement for
expenses necessarily incurred in the administration of my estate
or a Trust Estate. Except for my wife, each Executor and Trustee
shall be entitled to receive reasonable fees for services
actually rendered to ny estate or to a Trust Estate.
CERTIFIEDTOBEA'TRUEAND � n �
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3.02 Ricihts and Liabilities of Fiduciaries: No bond or other
security shall be required of any Executor or trustee hereunder,
and I direct that no action shall be had in any Court of probate
jurisdiction in relation to the settlement of my estate other
than the probating and recording of this Will and the return of
any inventory, any required appraisement and list of claims of my
estate. In addition to having all the powers and independent
executors under the laws of Texas, my Executor and Trustee herein
shall have the power to retain any property at any time forming a
part of my estate or a Trust Estate, the power to sell, transfer,
lease or encumber all or any part of my estate or a Trust Estate,
the power to partition any part of all of any interest in my
estate or a Trust Estate, and to pay or receive such moneys or
properties as may be necessary to equalize differences, the power
to make any distribution in any manner whatsoever (including
composing shares differently) based on date of distribution
value, the right to deal with any person regardless of any
relationship or identity of any Executor or Trustee to or with
such person or entity, the power to allocate receipts and
disbursements of my estate or a Trust Estate between income or
principal in any manner, and all of the rights, privileges and
powers of trustees under the Texas Trust Act. This instrument
shall always be construed in favor of the validity of any act or
omission by or of an Executor or Trustee, and no Executor or
Trustee shall be liable for any act or omission except in the
case of gross negligence, bad faith or fraud. It is my intention
that so far as can be legally provided, my Executor and Trustee
shall be completely free of all court supervision of any kind,
including the requirement of any accounting.
The foregoing provisions of this Section shall apply until all of
my estate and all of each Trust Estate hereunder has been
distributed.
3.03 General Powers of Trustee: To carry out the trust purposes
hereunder, and subject to any limitations stated elsewhere
herein, in addition to the rights, privileges and power elsewhere
herein vested in the Trustee and those now or hereafter conferred
by law, the Trustee for each Trust shall have the right and power
to:
(a) Investments: Retain any property at any time acquired
in any manner as a part of the Trust Estate; hold property
unproductive of income and invest and reinvest all or any
part of the Trust Estate in property of any description
(including, without limitation, shares of open or closed end
investment trusts or companies, and wasting assets),
regardless of location and without regard to any requirement
of diversification as to kind or amount;
(b) Dispositions, Borrower, Loaninq, Etc.: Lease, sell,
transfer, exchange or encumber in any manner (including with
purchase money mortgage) any part or all of the Trust Estate
(whether real and/or personal property) at such prices, and
for such other considerations, and upon such terms and
conditions, as the Trustee shall deem advisable; loan or
borrow money in any manner (including by joint and several
obligations) with or without security, and guaran*_ee any
indebtedness (caith or without compensacion);
(c) Business Entities: Continue operation of any business
entity, in any business form (whether a corporation,
partnership (general or limited), proprietorship, joint
venture or otherwisej with any part or all of the Trust
Estate, and reorganize or liquidate any such entity at any
time; incorporate any new or existing business and form
partnerships (of any kind), joint ventures or other
associations with respect to any new or existing business;
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(d) Dealinqs: Purchase from, borrower from, sell to, loan
to, employ, contract with an generally deal with any person
or entity regardless of any relationship or identity of any
Trustee to or with such person or entity, and hold or invest
any part or all of the Trust Estate in common or undivided
interests with any person or entity;
(e) Attorneys, Aqents, Employees: Employ and compensate
attorneys, agents, and employees and delegate them any and
all discretions and powers of the Trustee;
(f) Partition and Distribution: Partition any part or all
of any interest and pay and receive such moneys or
properties as may be necessary to equalize differences; make
any distribution of any part or all of the Trust Estate in
any manner whatsoever (including composing shares
differently) based on date of distribution value (but
without regard to income tax cost basis), and evaluate any
property, which evaluation shall be binding upon all
beneficiaries;
(g) Actions: Maintain and defend any claim or controversy
by or against the trust without the joinder or consent of
any beneficiary of the Trust;
(h) Votinq of Corporate Stock: Vote (whether in person or
by proxy with power of substitution) or refrain from voting
any corporate stock;
(i) Life Insurance: Acquire, purchase, maintain and to
continue in force, contracts of life insurance or annuities
as part of the Trust Estate; provided, however, that the
Trust shall be the owner and beneficiary of any such policy
or contract;
(j) Development of Real Property: Improve all or any real
property, plat real estate and lay out and dedicate streets,
alleys and ways; erect buildings on all or any real
property, of any character and cost;
(k) Depreciation and Other Reserves: For the purpose of
providing against possible loss or depreciation of corpus,
to set apart, annually or from t�me to time, as a
depreciation fund from the income of the Trust Estate, such
percentage or other portion of such income as the Trustee
shall deem proper. In addition, the Trustee, for the
purpose of providing for the payment or reduction of any
mortgage or lien upon the property held by the Trustee, or
any debt owing by the Trust, may set apart, in such manner
as the Trustee shall deem proper, a reserve or sinking fund
or funds out of the income of such Trust Estate. The
Trustee may set apart, or refrain from setting apart, any
part of the income received from securities taken or
purchaser as a part of the Trust Estate at a premium, as a
sinking fund to retire or amortize such premium.
The foregoing provisions of this subparagraph (k) shall not
apply, however, in the case of any Trust herein which the
net income thereof is required to be distributed at least
annually (or at more frequent intervals).
(1) Retention of Initial Trust Properties: Retain any and
all real and/or personal properties which may come into the
hands of the Trustee, in the form and condition in which
they may then be, notwithstanding that the same be not
appropriate for the original investment of trust money, and
the Trustee may sell or exchange any or all of the same if
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In addition to the foregoing, the Trustee shall have all other
rights, privileges and powers now or hereafter granted trustees
under the Texas Trust Act and no subsequent legislation or
regulation shall limit the rights, privileges and power granted
as Trustee hereunder. The powers granted the Trustee under the
provisions of this instrument may be exercised upon such terms as
the Trustee deems advisable and may affect Trust properties for
any length of time regardless of the duration of a Trust.
Generally the Trustee shall hold, manage, control, use invest and
reinvest, sell, encumber, convey and otherwise dispose of a Trust
Estate in all things, under all circumstances, and to the same
extent as if the Trustee were the owner thereof in fee simple,
subject only to the terms hereof, and all rights, privileges and
powers of the Trustee may be exercised free from court
supervision. As to a Trust, the powers of the Trustee shall
exist until all of the Trust Estate has been distributed.
3.04 Distributions by Certain Trustees: Regardless of any other
provision of this instrument, any distribution to be made from
any Trust to or for the benefit of any individual who is then
acting as a Trustee hereunder (including distributions to such
individual's spouse and distributions in discharge of any legal
obligation of such individual) shall be made solely in the
discretion of the Trustees to or for whom distributions may not
be made, and if no such Trustee is then acting, such distribution
shall not be made.
3.05 Special Provisions Relating to Life Insurance on the Life
of an Individual Fiduciary: If my spouse survives me, all
incidents of ownership (including, but not limited to, the power
[as Executor, Trustee or otherwise] to change the beneficial
ownership or the time or manner of enjoyment) with respect to any
interest in any insurance policies on the life of my spouse which
at any time forms a part of my estate or the Trust Estate of any
Trust hereunder shall be exercisable in a fiduciary capacity
solely by the fiduciary or fiduciaries other than my spouse then
acting hereunder, but if there is no such other fiduciary, by the
successor fiduciary or fiduciaries hereunder (who would then be
entitled to act if my spouse should then cease to act as Executor
or Trustee).
3.06 Release and Deleqation of Fiduciary Powers: Any fiduciary
power granted a Trustee hereunder may be release, in whole or in
part, temporarily or permanently, and except as provided in the
Sections entitled "Discretionary Distributions by Certain
Trustee" and "Special Provisions Relating to Life Insurance on
the Life of an Individual Fiduciary," any such power may be
delegated to any other Trustee then acting, in whole or in part,
temporarily or permanently. Any such release or delegation shall
be by written instrument filed with the records of the Trust
Estates.
3.07 Resiqnation of Trustee: Any Trustee may resign from a
Trust without the necessity of any court procedure by giving at
least thirty (30) days' written notice to each beneficiary (or to
the then r.atural or legal guardian or legal representative of any
such beneficiary) caho is then eligible to receive a distribution
from the Trust Estate of such Trust and by accounting to such
resigning Estate as required by the successor Trustee. Any and
all successors to such resigning Trustee shall be fully protected
in relying upon such accounting.
3.08 Vacancy in the Office of Trustee: If
respect to any Trust there is no Trustee
otherwise entitled to act) hereunder, a
3WILL492:WILLI2D
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beneficiaries (acting in the case of a beneficiary under a legal
disability through such beneficiary's natural or legal guardian
or legal representative) who are then eligible to receive a
distribution from the Trust Estate of such Trust shall have the
right for a period of thirty (30) days to appoint a successor
Trustee. Zf the beneficiaries fail to act within such period,
then upon request of any interested party, the presiding judge of
the District Court of Williamson County, Texas, acting as an
individual and not in any judicial capacity, shall have the power
to appoint an alternate or successor Trustee. Any individual,
bank or trust company domiciled anywhere may be appointed, and
any such appointment shall be by written instrument filed with
the records of the Trust Estates.
3.09 Successor Fiduciary Exoneration Clause: Any successor
Executor or Trustee is authorized to accept from any prior
Executor of Trustee the assets delivered by such prior Executor
or Trustee on the basis of the accounting therefor as submitted
by such prior Executor or Trustee without requiring an audit or
other independent accounting of the acts of such prior Executor
or Trustee, and any successor Executor or Trustee shall not have
any personal or corporate duty, responsibility, obligation or
liability whatsoever for the acts or omissions of any prior
Executor or Trustee.
3.10 Corporate Trustee Provisions: The powers and authorities
granted to the Trustee shall not be limited by the fact that a
Trustee here under may be a bank or financial institution, and
such Trustee shall not be subject to limitations or restrictions
imposed upon a bank or financial institution or upon fiduciaries
generally with respect to the type of investment of such Trustee
may make of its own funds or of the funds of others.
Specifically, such a Trustee may retain, acquire, or otherwise
deal in the capital stock of a Trustee or of a corporation for
which a Trustee is registrar, transfer agent, or the like; may
deposit trust funds �aith a Trustee as a bank, may contract, or
otherwise enter into transactions with a Trustee as a bank or any
of its affiliates or any other trust for which it is acting as
Trustee.
If a corporate Trustee acting or entitled to act as a Trustee
herein at any time should, before or after qualification, change
its name, be reorganized, merged or consolidated with, or
acquired by, any other bank or trust company, or be converted
into a different type of bank or trust company, it shall be
deemed a continuing entity and shall continue to act as Trustee.
With respect to each Trust created or provided for herein, and
notwithstanding any contrary provisions of this instrument, my
spouse, but if such spouse is incapacitated or not then living, a
majority of the beneficiaries (acting in the case of a
beneficiary under a leqal disability or through such
beneficiary's natural or legal guardian or legal representative)
who might then be eligible to receive a distribution from the
Trust Estate of such Trust shall have the right, at any time and
as to such Trust hereunder, to remove any corporate Trustee then
acting and to replace such corporate Trustee (for all purposes
hereof) with a national bank (domiciled anywhere) having trust
powers and capital and surplus of at least Twenty-five Million
Dollars, as corporate Trustee. Any such removal shall be by
written instrument delivered to the Trustee to be removed at
least thirty (3) days prior to such removal, and no court action
shall be required caith respect thereto. Any Trustee so removed
shall account to its successor Trustee for its administration of
the Trust Estate as such successor Trustee shall require. Any
and all successors to such removed Trustee shall be fully
protected in relying upon such accounting.
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3.11 Incapacity: For purposes of this inst.rument, an individual
shall be deemed to be incapacitated if and when such individual
is found to be under a legal disability in any civil proceeding
by a court of competent jurisdiction.
Any individual so found to be under a legal disability shall then
be deemed to have ceased to act as an Executor or as a Trustee
hereunder (if such individual was so acting at such time).
No person dealing with my estate or the Trust Estate of any Trust
hereunder shall be under any obligation whatsoever to inquire
into whether an individual is so "incapacitated" and any such
person dealing with my estate or such Trust Estate may always
safely assume that no such incapacity exists unless and until
such person has received a certified copy of a court order
referred to immediately above.
ARTICLE IV - ADDITIONAL PROVISIONS GOVERNING MY ESTATE
THE TRUST ESTATES AND FIDUCIARIES
4.01 Taxes, Debts and Expenses: I direct that all federal and
state estate and inheritance taxes (other than (1) any recapture
of estate taxes under Section 2032A of the Code, (2) any
generation skipping taxes under Chapter 13 of the Code, and (3)
the amount by which the total federal estate tax which is imposed
on my estate exceeds the total federal estate tax which would
have been imposed on my estate if the value of property which is
includible in my gross estate by reason of Section 2044 of the
Code had not been so included) payable by reason of my death,
together with any interest and penalties thereon, and all of my
legal debts, the expenses of my last illness and funeral, and the
expenses of administering my estate shall be charged against my
residuary estate and may be paid in the order and out of those
assets of my residuary estate (including the income of my
residuary estate) that my Executor may deem best. No
contribution for any of such taxes imposed with respect to the
proceeds of any insurance policy on my life (other than any
proceeds payable to my estate), or with respect to any other
nonprobate asset of mine, shall be required to be made by the
beneficiary thereof. My Executor is specifically given the right
to renew and extend, in any form that it deems best, any secured
or unsecured debt or charge existing at the time of my death. My
Executor shall not be required to prepay any of my debt.
4.02 Survivorship Provision: If my spouse and I die under
circumstances making it impractical to determine which of us
survived, my spouse shall be presumed to have survived me. For
all other purposes of this will, if any other beneficiary dies
within ninety (90) days after my death, such person shall be
presumed to have predeceased me. This presumption shall not
affect the appointment of my Executor or Trustee.
4.03 Distributions Durinq Administration: Prior to final
distribution of my estate (which shall not be unreasonably
postponed by my Executor), partial distributions may be made to
any one or more beneficiaries in the discretion of my Executor.
Any distribution may be made subject to any indebtedness or
liability of my estate.
4.04 Distributions to Issue: All references to "issue" in this
Will mean the children of the person designated and the
descendants of such children. A person who is under twenty-one
(21) years of age when legally adopted shall be deemed to be the
child of his adoptive parent. A posthumous child shall be
3WILL492:WILLI2D
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considered as living at the death of his parent. Except for
discretionary distributions during the term of a Trust which may
be made unequally among a group of persons, whenever a
distribution of my estate of a Trust Estate hereunder is to be
made to the issue of any person, it shall be made to such
person's then living issue on a strict per stirpes basis.
4.05 Gifts and Distributions to Heirs-at-Law: Whenever a gift
or distribution hereunder to be to made to a person's
heirs-at-law, it shall be made to the individual or individuals
who would be entitled to such person's estate under the Texas
statutes of descent and distribution pertaining to separate
personal property as such laws exist at the execution of this
instrument, if such person were to die intestate at the time such
gift or distribution hereunder is to be made.
In addition to the foregoing provisions of this numbered Section,
whenever a gift or distribution hereunder is to be made to my
heirs-at-law, it shall (regardless of any other provisions of
this instrument) be made one-half (1/2) to my heirs-at-law (as
defined above) and one-half (1/2) to my spouse's heirs-at-law (as
defined above).
4.06 Best Interest Distributions: In making distributions from
a Trust in the "best interest" of a distributee, the costs of the
distributee's health, support, maintenance, education and
comfort, and resources (both principal and income) the
distributee may have from other sources to the knowledge of the
Trustee, the effect of any distribution upon the income and
estate tax liability of the distributee and upon the income tax
liability of the Trust, and any other factors deemed relevant by
the Trustee including (but in no way limited to) the individual
needs of the distributee, and such distributee's various
education desires (including colleges and post graduate studies),
past educational performance, health and family and business
circumstances. Such distributions may be made without regard to
any requirement of equality among distributees (if there if more
than one) or to the fact that any ancestor of a distributee is
then living or receiving distributions hereunder. The primary
concern in the creation of each Trust herein is for the current
beneficiary or beneficiaries of such Trust, and such Trust shall
be managed, and distributions made therefrom, accordingly.
No deduction shall be made from a distributee�s share upon final
distribution of a Trust on account of any prior distribution made
from such Trust Estate.
4.07 Distributions to or for a Beneficiary: Subject to the
Sections dealing with the marital deduction gift and trust which
shall in the event of conflict control, any authorized
distributions (either from my estate or during the term of a
Trust or upon final distribution of a Trust) may be made (1) to
or for the benefit of the beneficiary, (2) directly to the
beneficiary, (3) on behalf of the beneficiary for the
beneficiary's benefit, (4) to any account in a bank or savings
either in the name of the beneficiary or in a form reserving
title, management and custody of the account to a suitable person
for the use of the beneficiary, (5) in a form of annuity, (6) in''
all ways provided by lacas dealing with gifts or distributions to
or for minors (including but not limited to the Uniform Gift to
Minors Act of Texas or any other state) or persons under
disability, (7) to any trust of which the beneficiary is the
principal beneficiary (to be added to and administered as a part
thereofj, and (8) to any suitable person with whom the
beneficiary resides or who has the care or control of the
beneficiary, without obligation to see to the further application
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of the distribution, and the receipt for distribution by that
person shall fully discharge my fiduciaries; provided, however,
that no distribution authorized under the provisions of this
Section may be made which would result in any loss of the
grandchild exclusion from the generation-skipping tax under
Section 2613 of the Code.
4.08 Life Insurance Proceeds and Deferred Cempensation Benefits:
My Trustee may be named as the direct beneficiary of one or more
life insurance policies on my life and as the direct beneficiary
of the benefits from one or more d�eferred compensation or
employee benefit plans payable by reason�of my death. As soon as
possible after my death and after th�is Will is admitted to
probate, my Trustee shall take possess�ion of all policies and
other written instruments necessary to collect such proceeds and
benefits. My Trustee shall (notwithstanding that the
administration of my estate by my Executor is not completed and
that no distributions may have been made by my Executor to the
Trustee) then collect (by whatever meanslnec:essary, including the
prosection and maintenance of litigation) the sums of money or
other properties as shall be due the Trustee under the terms of
any policies of insurance on my life (including multiple
indemnity benefits), or under the terms of any deferred
compensation or employee benefit plans (less any amounts required
to pay or provide for the �ayment lof any liabilities or
obligations to the issuing insL'rance company or other remitter
with respect to any policy or plan); provided, however, that my
Trustee need not incur any substantiall expenses in collecting
such payments until it holds funds suffi.cient to pay such
substantial expenses. No insurance company or other remitter
shall be under any responsibility to see to the performance of
any Trust in this Will, and, to the extent of payment to my
Trustee of amounts due a Trustee, the insurance company or other
remitter shall be relieved of all further liability.
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My Trustee may, hoF�ever, in its discretion, leave any or all of
the proceeds or benefits with the issuing insurance company or
other remitter under any option of settlement available under the
terms of any policy or plan or the practice of any company. In
exercising any deferred payment settlement option, or in electing
to receive any payments in a lump sum, or in making an election
under Section 2039(c) of the Code not to utilize the ten-year
averaging income tax computation, my Trustee shall take in
account the attendant federal income and estate tax consequences;
provided, however, my Trustee shall not be liable to any
beneficiary of any Trust in this taill or to any beneficiary of my
probate state for any adverse in^ome and estate tax consequences
occasioned by the exercise o� non-exercise of any deferred
payment settlement or other option.
Unless a beneficiary designation provides for distribution to the
Trustee of a specific trust under my will, all proceeds and
benefits described in the preceding provisions of this Section
which are payable directly to my Trustee hereunder shall be
allocated and distributed as follows:
(aj Spouse's Interest: If my spouse survives me, my
spouse's community one-half (1/2) interest in the proceeds
and benefits, and all of the proceeds and benefits which
comprise the separate property of my spouse shall be
allocated and distributed to my spouse.
(b) Marital Deduction: If my probate estate is
insufficient to fully satisfy the formula marital deduction
gift under the provisions of this Will, then to the extent
necessary to fully satisfy that gift, the proceeds and
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benefits shall be allocated and distributed to my spouse.
The allocation and distribution of proceeds and benefits
under the provisions of this subparagraph of this Section
shall be made in the same manner, and subject to all of the
same requirements, as prescribed in the formula marital
deduction gift under the provisions of this Will.
(c) The Fithian Family Trust: The balance of the proceeds
and benefits, or all of the proceeds and benefits if there
is no necessity to make the allocations and distributions
provided for under the provisions of any of the preceding
subparagraphs of this Section, shall be allocated and
distributed to the Trustee of THE FITHIAN FAMILY TRUST in
trust as herein set out.
My Trustee may purchase any asset from my probate estate at fair
market value by utilizing the proceeds of any employee benefit
plan, insurance, or other asset payable to it, and may also lend
funds or assets of the Trust Estate to my probate estate on such
terms and in such anounts as it deems advisable. My Trustee may
utilize proceeds payable to it of any employee benefit plan,
insurance, or other asset which is allocated to THE FITHIAN
FAMILY TRUST to contribute to the payment of my legal debts, the
expenses of my last illness and funeral, the expenses of
administering my estate, and any federal or state estate or
inheritance tax (including any interest and penalty thereon)
payable by reason of my death, regardless of the fact that such
contribution might otherwise be in excess of the share of such
tax, debt, or expense attributable to the trust estate from which
it is made. Anything herein to the contrary notwithstanding,
employee benefits, life insurance proceeds, and other assets
payable to my Trustee that are not includible in my gross estate
for federal estate tax purposes need not be used in any manner
for the benefit of my estate and in particular need not be used
or lent to pay any tax, liability, debt, or other claim or charge
against my estate. Any pecuniary gift made in this Will is a
debt for purposes of this Section.
The existence of discretion on the part of my Trustee to
contribute to the payment of the taxes, debts and expenses
described in this Section shall not confer on any creditor of my
estate, taxing authority, or other third party any claim against
or right of any nature over the proceeds and benefits described
in the immediately preceding Section which are payable directly
to my Trustee. Such proceeds and benefits which are not
contributed by my Trustee toward the payment of the taxes, debts
and expenses, shall not be payable to my Executor or to my estate
nor be deemed subject to distribution as a part of my probate
estate.
4.09 Allocation of Receipts and Disbursements: The receipts,
disbursements and reserves of each Trust shall be allocated on a
cash or accrual basis between principal and income in accordance
with the provisions of the Texas Trust Act, and in the
construction of such Act as it relates to any question of
allocation between incone and principal, the determination of the
Trustee, made in good faith, shall control. The excess of the
receipts and reserves allocated to income of a Trust over the
disbursements and reserves allocated to income shall constitute
the "net income" of such Trust Estate.
4.10 Spendthrift Provision: No part of any Trust Estate under
any circumstance shall ever be liable for or charged with any
tort or obligation of any beneficiary (including alimony and
child support) or subject to any judgment, judicial process,
creditor's bill, attachment, garnishment, levy, execution,
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receivership, bankruptcy proceeding, charge, seizure,
sequestration or any other encumbrance or legal proceeding by any
creditor or the spouse of any beneficiary or by any other person.
Except for a power of appointment no beneficiary under any
circumstance shall have any right to anticipate, alienate,
transfer, encumber or otherwise dispose of his interest in any
Trust Estate.
4.11 Maximum Term of Trusts: Regardless of any other provision
of this Will, no property shall remain in trust hereunder for
longer than the maximum period for which the power of alienation,
or the vesting, of such such property may be suspended under the
laws and public policy of the situs of such property. To measure
the period for which the power of alienation or the vesting of
such property is suspended, the lives of all of the "defined
parties" living at the time of my death plus the maximum
allowable term in gross, if any, shall be used and if the number
of ineasuring lives which may be used is limited by a statute, the
maximum permissible number of lives shall be used. Specifically,
no property situated in any jurisdiction which has the "common
law rule against perpetuities" shall remain in trust for longer
than twenty-one (21) years after the death of the last to die of
all of the "defined parties" living at the time of my death. If,
at the end of such maximum period (determined under the preceding
sentences of this Section with respect to any property), any such
property is still in trust, such Trust shall be terminated as to
such property, and such property shall be distributed outright to
the person (or equally, but per stirpes, to the persons if more
than one) then eligible to receive distributions during the term
of such Trust as herein otherwise provided. For the purposes of
this Section, the "defined parties" shall be my spouse and
beneficiaries listed by name in Paragraph 2.01 above.
4.12 Early Termination of Trusts: Regardless of any other
provision dealing with final distributions of Trust Estates and
notwithstanding the rights of any beneficiary, the Trustee may,
at any time, terminate any one or more of the Trusts created or
provided for herein, in cahole or in part, if in the discretion of
the Trustee such early termination is deemed advisable in light
of the economic impracticalities of continuing such Trust or
Trusts, taking into consideration any factors deemed relevant by
the Trustee in this regard. In addition, the Trustee may at any
time, terminate any one or more of the Trusts created or provided
for herein, in whole or in part, if such early termination is
deemed in the Trustee's discretion to be in the "best interests"
of the then eligible recipient or recipients of any early
termination distribution.
The part of a Trust Estate of which a Trust is terminated shall
be distributed outright to the person (or equally, but �er
stirpes, to the persons if more than one) then eligible to
receive distributions durinq the term of such Trust as herein
otherwise provided. In making an early termination distribution
(other than from a Contingent Trust), however, the Trustee, in
the discretion of the Trustee, may make such distribution subject
to the provisions for Contingeni Trusts herein. The foregoing
provisions of this numbered Paragraph must, however, be exercised
in accordance with the �rovisions of the Paragraph herein
entitled "Distributions by Certain Trustee."
4.13 Trust Estate Defined: "Trust Estate" means all assets,
however and whenever acquired, which may belong to a Trust
hereunder at any designated time. That term (and the phrase
"then remaining Trust Estate") shall include income earned after
the termination of a trust and prior to the actual final
distribution from such Trust. •
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4.14 Merqer of Trusts: If at any time after the death of my
spouse, any Trust created or provided for hereunder is
substantially identical (in its current beneficiary or
beneficiaries, its measure for distributions during the term of
such Trust and its time of termination), as determined in the
good faith judgment of the Trustee hereunder, to any Trust
created or provided for under the Will of my spouse, the Trustee
hereunder may, in the discretion of such Trustee, distribute at
any time all or any part of the Trust Estate of such Trust
hereunder to the then acting Trustee or Trustees of such Trust
under my spouse's Will (regardless of whether or not the same
Trustees are acting hereunder as are acting under by spouse's
Will) to be added to the principal of the Trust Estate of such
Trust under my spouse's iaill.
4.15 Tax Elections: In determining any tax liability of my
estate, the decisions of my Executor shall be binding and
conclusive upon all concerned as to: (i) the date which should be
selected for the valuation of property in my gross estate for
federal and state death tax purposes, (ii) whether any portion of
my estate should be valued under any the applicable provisions of
Section 2032A of the Znternal Revenue Code of 1954, as amended,l
(iii) whether any portion of the federal estate tax liability for',
my estate shall be paid under any deferred payment optionl
available to my estate under the code; and (iv) whether a',
deduction shall be taken as an income tax deduction or as an'�
estate tax deduction. No compensating adjustments between incomeli
or principal or in the amount of any gift hereunder shall be made�
as a result of any such decision. If my Executor joins with my�,
spouse (or the estate of my spouse if my spouse is deceased) on'.
my behalf in filing income tax returns, or consents for gift tax
purposes to having gifts made by either of us during my lifei
considered as made one-half (1/2) by each of us, any resultin4l
liability shall be borne as prescribed by law.
4.16 Gifts and Distributions to Terminated Trusts: In the case
of a final distribution of the Trust Estate of any Trust
hereunder to the Trustee of another Trust hereunder, if the event
or events which require or which would have required the
termination of such Trust (for example, the death of or the
attainment of a certain age by one or more persons) have occurred
at the time when the right to receive such final distribution
would otherwise have vested in the Trustee of such other Trust,
then the final distribution (which would otherwise have been made
to the Trustee of such other Trust if such right had vested)
shall instead (unless otherwise provided herein) be made in the
exact same manner as the final distribution of the Trust Estate
of such other Trust is provided for herein.
In the case of any gift hereunder of my estate to the Trustee of
a trust hereunder, if the event or events which would have
required the termination of such Trust (for example, the death of
or the attainment of a certain age by one or more persons) have
occurred at the time of my death, then such gift shall instead
(unless otherwise provided herein) be made in the exact same
manner as the final distribution of the Trust Estate of such
Trust is provided for herein. ,
4.17 Definition of Code: The term "Code" means the Internal
Revenue Code of 19s6, as anended, and as may be from time to time
amended.
4.18 Savinq Clause: If any provision of this Will should be
held illegal or invalid when applied to any property interest in
my estate or in a Trust Estate, such invalidity or illegality
CEnTiFIEO TO BE A i nUE AND
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shall not affect the remaining provisions, or any other property
interests, and each provision of this Will shall exist separately
and independently, and shall be applied to property interests,
separately and independently, of every other provision, and this
Will shall be construed as if such illegal or invalid provision
had never existed.
4.19 Will Not Contractual: My spouse and 1 are executing Wills
at approximately the same time in which each of us is the primary
beneficiary of the tdill of the other. These Wills are not
executed because of any agreement between my spouse and myself.
Either Will may be revoked at any time at the sole discretion of
the maker hereof.
4.20 Headinqs: The headings for each provision of this Will
have been included only in order to make it easier to locate the
subject covered by each provision and are not to be used in
construing this Will or in ascertaining by intentions.
IN WITNESS WHEREOF, I have signed my name to this, my Last
Will, at Round Rock, Texas, in the presence of Dana C. Kuht
and ,Tanet L. Monroe , who sign the same as witnesses and at my
request, in my presence, and in the presence of each other, on
this 2nd day of March , 1993.
�/�?� /` Ou.L'�� t-R-t.J
FRED ROSS FITHIFiN
This instrument, consisting of sixteen (16) sheets of paper,
each of which is identified by the Testator's initials, was
subscribed, published and declared by FRED ROSS FITHIAN to be his
Last Will in our presence, and we in his presence, at his
request, and in the presence of each other, hereunto subscribed
our names as witnesses, and we declare that the execution hereof
FRED ROSS FITHIAN coas of sound mind and memory and under no
constraint.
THE STATE OF TEXAS
COUNTY OF WILLIAMSON
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WZTNESS
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BEFORE ME, the undersigned authority, on this day personally
appeared FRED ROSS FITHIAN, DANA C. KUIIL
and JANET L. MONROE , known to me to be the Testator and
the witnesses, respectively, whose names are subscribed to the
annexed or foregoing instrument in their respective capacities
and, all of said persons being by me duly sworn, the
FRED ROSS FZTHZAN, Testator, declared to me and to the
3WZLL492:WILLI2D
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witnesses in my presence and said instrument is his Last Will and
Testament, and that he had willingly made and executed it as his
free act and deed for the purposes therein expressed; and the
said witnesses, each on their oath, stated to me in the presence
and hearing of the said Testator, that the said Testator had
declared to them that said instrument is his Last Will and
Testament, that he executed same as such and wanted each of them
to sign it as a witness; and upon their oaths each witness stated
further that they did sign the same as witnesses in the presence
of the said Testator and at his request; that he was at that time
eighteen years of age or over and was of sound mind; and that
each of said witnesses was then at least fourteen years of age.
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FRED ROSS FITHIAN
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WYTNESS
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SUBSCRIBED AND ACKNOSaLEDGED BEFORE ME by the said FRED ROSS
FITHIAN, Testator, and subscribed and sworn to before me by the
said Dana C. Kuhl , and Janet L. Monroe ,
witnesses, this 2nd day of March , 1993.
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