Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1912-04-04

/. During the lifetime and trustee
| shin of my said wife the income of
| the trust fund shall be disposed of as
| follows:
Two thirds of the net income shall
| be retained by and-paid over To her
during her lille for her own use and
benefit in quarterly payments on the
: first day of January. April. July and
October of each year. The balance Of
| the net income shall be paid over in
quarterly payments as aforesaid TO my
son Percy during his life. If he should
| die. leaving children surviving. then
| so much of said balance of said in
! come, as my wife may. but wholly in
! her discretion, be necessary. shall be
| used for the proper care, maintenance
and education of said children and the
| remainder of the income shall become
part OF the principal OF the trust
| fund If said Percy should die with
out leaving children surviving. or II
| children survive but should die during
| the lifetime of my wife. then all the
net income shall be retained by and
paid over TO my wife.
.. After the decease of my wife or
| If she does not survive me, or that
question cannot be determined by rea-
| son of our simultaneous deaths the
| trust shall continue for the equal bene-
| fit of two lines OF beneiiciaries provid-
cd of course at said time such two
| lines exist, one line represented by
said Katherine and her children and
| the other line represented by said
Percy and his children, and for such
purpose the net income of the estate
shall be divided into two equal parts
and each part shall be used, as here
| matter provided, for the benefit OF
| each line.
| If, however, there should be but one
| line or If either line should at any
time prior to the termination of the
| trust fail by reason of the death of all
| the beneficiaries in such line, then
there shall be no division of the net
| income but the whole of it shall be
used for the benefit of the other line
of beneficiaries and the trust shall
! continue and be terminated in the way
hereinafter provided for such other
| line of benefciaries.
| But if there should not be either
| line of beneficiaries or both lines
should at any time prior to the ter1ni-
nation of this trust as hereinafter pro-
vided fail by reason of the death of all
the beneticiaries in the two lines, then
such failure shall operate to terminate
this trust and my entire estate shall
pass to my legal heirs living at such
time.
The following shall be the terms and
conditions of the trust for each of the
two lines above specified and the in
come to which each line is entitled
shall be used as follows:
A. The line of Katherine and her
children.
i During the minority of said Rather
ire 50 much of the one-h alf of the nei
income or so much of the net income
as the line is entitled to, as in this
4 judgment. but wholly in the discretion
Of nay trustees may be necessary, shall
be used for her proper care. main
tenance and education and the balanc'
) of such income shall be allowed to ac
camulate until she reaches the age o
twcnty-one and shall then be paid L
! her. When she reaches that age tn
: whole of the net income to which he
) line is entitled shall be paid to he
: during her life in quarterly payment
? as hereinbefore specified. Upon he
! death her surviving child or childre
, and the issue Of her deceased chill
s dreg shall be entitled to said one-hal
I of the net income, or that part of tn
: | net income to which THO line is enti
tied. under the following terms, viz
! If all Of her then surviving childrc
have not reached the age OF twenty