Marital Trust. The Trustees shall not allocate to the Marital Trust any property or proceeds of property that cannot qualify for the marital deduction. All property not set aside for the Family Trust shall fund the Marital Trust.
Marital Trust. 1. The Trustee shall pay the net income of the Marital Trust to or for the benefit of Xxxxxxx's spouse, as long as she lives, not less often than quarterly, commencing with the date of Xxxxxxx's death.
Marital Trust. 1. The Trustee shall pay the net income of the Marital Trust to or for the benefit of Grantor's spouse, as long as she lives, not less often than quarterly, commencing with the date of Grantor's death.
Marital Trust. A marital trust established under Paragraph B2 of ARTICLE V shall be held, administered and distributed as follows:
Marital Trust. The estate and property of the Marital Trust shall be held, managed, and distributed by the Trustee as follows:
Marital Trust. If my wife survives me or there is no sufficient evidence that we died other than simultaneously (in which event my wife conclusively shall be presumed for purposes of this Section to have survived me) and any of the trust estate is included in my gross estate for purposes of determining the United States estate tax payable because of my death, the Trustee as of my death shall set apart, in a separate trust to be known as the "Marital Trust" and to be administered as provided in this Section, all of the trust estate that so is included and that consists of Qualified Property which remains after satisfaction of all dispositions and payments under prior provisions of this instrument. "Qualified Property" shall mean such property (or its proceeds) in the trust estate as, if given outright to my wife, would qualify for the marital deduction for purposes of determining the United States estate tax payable because of my death. My personal representative shall elect according to the principles of Section 2056(b)(7) of the Code to qualify the trust estate of the Marital Trust for the marital deduction, to such extent, if any, as my personal representative determines to be advisable. If less than all of the trust estate of the Marital Trust qualifies for the marital deduction, the portion that qualifies shall be known as the "Marital Portion," the portion that does not qualify shall be known as the "NonMarital Portion," and (i) the Trustee shall charge any payment of principal according to subsection (A)(2) of this Section to the Marital Portion until the Marital Portion is exhausted, (ii) at any time during the life of my wife before the end of the administration of my estate, the Trustee may divide the trust estate of the Marital Trust into separate trusts consisting, respectively, of the Marital Portion and the NonMarital Portion and (iii) the Trustee shall administer each separate trust, created according to (ii), as if, separately, the separate trust were the Marital Trust.
Marital Trust. Portion B and Portion C of the First Decedent's net residuary estate and any other property which is directed to be held and disposed of in accordance with this Article, shall each be held as a separate trust by the Trustees, IN TRUST, to manage, invest and reinvest the same, to collect the income thereof, and to pay over or apply the net income, on a quarterly basis insofar as may be practicable, but at least annually, to or for the benefit of the Surviving Spouse during his or her life.
Marital Trust. The Marital Trust shall consist of that portion of the decedent's share, called the "marital deduction amount," determined in accordance with the provisions of paragraph 3.5 below.
Marital Trust. The term "Marital Trust" as used in this instrument shall have the meaning set forth in paragraph 3.3.2,3.4.2 above.
Marital Trust
