The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1901-12-31
ESTATE
TO HIS FAMILY
John J. Valentine Devises
Bulk Of Property to
His Widow.
Creates a Trust Designed to
Protect Interests of the
Children.
Oakland Office San Francisco Call,
111o. RrnadWaV- Dec 90

Ills Broadway, Dec. go
Under the terms of the will of the late
John ]. Valentine, president OF Wells,
Fargo & Co., which was filed to-day for
probate, the bulk of the estate is divided
among the immediate members OF the de-
| ceased's family. OF the $4OO,OOO which is
said to compose the estate $4,000 goes to
the widow and the remainder, with the
exception OF some small requests, is dis
| tributed among the seven children
The will was filed by the Union Trust
Company of San Francisco. which, besides
being named as the executor OF Inc VII,
is also the trustee for all of the children
until the Youngest of them atta1nS MS
majority. The testament was executed on
August "A of this year, When the uecease9
bears the signatures of Nathan stem OF
1O45 Santa Clara avenue, Alameda. ana
c. H Gardner of 1879 Nineteenth street.
East Oakland.
The proyiso of the will regarding the
| widow, Alice M B. Valentine, directs that
! she shall receive $4,000 and the famlly
home in East Oakland. RmoW 1L as rsoI1aI
effects and furnishings, is valued at $4S,-
900. Should the deceased have died by
] accident his executors were charged 10
| increase the bequest to the widow by w.
! 600. that amount to come from the pro-
ceeds of an accident insurance policy.
To Samantha j. Valentine, sister. is
! left $4,000. and to a niece Frances V. Nor
Veil $4,000. The deceased omits to provide
| for his sisters, Mary Emily Campbell,
| Susan Ann Thomas, Curd Matlock and
| sight or want of brotherly affection or
! solicitude, he says but because they
! have been amply provided for. He omits
| his brother, James Thurman Valentine,
| for the same reason
All the rest of the estate, including the
| life insurance, which the teStator wishes
cared for to the best of advantage, is APP
portioned among the seven children as
Edward Cahill Valentine, s25, 900; Ethel
| Stein Valentine, $4,000; John Joseph Val
entine Jr, $25, 900; William George Valen-
tine. $4,000; Elizabeth Ruth valentine.
$4,000 and Phillip c. Valentine, $95 900,
The residue of the estate, which will
amount to about $4,000, will be divided
! proportionately among the children.
These requests are to be held in trust
by the Union Trust Company until the
youngest child lid, is Of age; In Tegard ste to
Valentine. John Joseph Valentine Jr. and
| William George Valentine, the proceeds
| of three insurance policies, made payable
to their mother, aggregating $4,000, are to
revert to them in equal shares in case of
| her death and are to become a part of
the trust funds in their behalf. Should
any of them decline to accept this proviso
the amount coming to each who does de
cline is to be deducted from the amount
of his or her bequest and interest in the
| trust funds.
The income from the whole trust funds
is to be paid quarterly or semi-quarterly
to each beneficiary in the proportion in
dicated in the requests. If any of the chill
dren die unmarried his her bequest
4 shall revert to the remaining beneficiaries
At the close Of his testament the de.
ceased emphasizes his injunction by repe-
tition that the requests to his children
shall be held in trust until the youngest
| shall have attained majority
The executors aro-- empowered to sci
any of the property Of the estate at any
time, but only with the approval of the
widow.
a