The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1908-05-07
The E. WIS. TRUSTEE COMPANY

which was recently organized with a
capital stock of $50, 600, has issued neat
little booklet which explains the purpos
es of the company anu also gives consid-
cradle information along the line of ad.
ministration of estates.
The company is under the supervision
of the state bank examiner and must re-
port to him at least three times a year.
The capital stock of the company is
invested in u. s., state and municipal
bonds, and real estate mortgages, all
kept on deposit with the state treasurer
as security for creditors and the faithful
execution of trusts.
The company is authorized by law to
handle estates in the capacity of agent,
assignee, executor, guardian. receiver
and trustee in any county OF the state.
The president of the company is Emil
| Baensch and Oscar A. Alter is secretary.
The offices are in the Savings Bank
building. You can secure the services
of the company through your attorney
or by writing to the officers direct.
The following are extracts from the
booklet:
when person dies, not having made
will, his estate must go through pro-
ceedings in county court called admin
istration." Such person as the widow
dominates is ap pointed administrator.
He has charge of the personal property
only, converts this into money, pays the
debts of deceased Except mortgages,
and distributes the residue among the
heirs. The personal property goes to
the widow and children in equal shares,
the widow receiving the same share as
child.
The real estate descends to the child
rem in equal shares, subject to the home
, stead and dover of the widow. The
widow has the right to the homestead
as long as she remains unmarried.
Dover is term often misunder-
stood. 1t is not onethird Of the land,
but onethird of the income of the land.
| This right is the widow as long as she
| lives, but dies with her. In case the
land is sold the value of her dover is es-
timated at a lump sum, arrived at by
certain court rules based upon the NOR
tality tables.
THAT our law of inheritance often
works injustice is not surprising. 1t
presents the remarkable rule, that the
| larger the family mother rears and
the older she is at the time of her hus-
bands death, the smaller will be her
share of mis- property. Yet every wife,
and especially the farmers, greatly helps
by her labor and economy, in accumulat
ing the property. And that better jus,
tice may be done her is the reason why
SO many men make wills.
TO make will requires neither par.
ticular form nor technical language. 1t
must clearly state the wishes of the test
ator and name some one to carry out
these directions who is called the 'ex
ecutor.' 1t must be signed in the pres
ence of two witnesses, who must both
sign in the presence of each other and
of the testator. 1t is always advisable
to have will drawn by an attorney and
executed in his presence.
"A will is of no effect until after the
death of the maker, and can be revoked
or changed by him at any time. After
his death his last will is presented to the
county court, where the witnesses are
examined, and if legally executed, it is
admitted to probate"
"A person must be of sound mind to
make will. Hence it is best to make
one while in good health. Thus you
guard against contests on the ground of
incapacity.
''The president of this Company has
had twenty years experience in probate
law, as speciality, and during that time
has drawn hundreds of wills. He will
be pleased to prepare and supervise the
execution of wills wherein the Trustee
Company is named as executor, free of
charge. These will be deposited in our
vaults and the testator given a receipt
| therefor"
Few widows have the experience or
the necessary business qualifications to
handle an estate successfully, or with
out great worry and trouble 10 themsel-
yes. Hence it is often provided in wills
that the property remain in the hands
of the executor, he to pay the income
thereof to the widow during her life,
and after her death, to pay the principal
to the children in designated shares In
such case the executor is called "trus-
tee"
This company is also authorized to
act as agent and rs such we offer our
services to all persons who are now exc