Opinion ID: 2353841
Heading Depth: 1
Heading Rank: 2

Heading: The Twenty-seventh Clause

Text: By the 27th clause he devised and bequeathed all the real estate in the town of Bristol owned by him at his death to his trustee, in trust, to take possession, hold and manage the same, to pay the expenses of taxes, assessments, insurance premiums and repairs of all said real estate and the compensation of agents and employees necessary for the safekeeping and upkeep of his Homestead Estate and all his land adjoining and all the personal property on said premises, and also of his farm, called the Colt Farm, in Bristol, and the livestock and personal property thereon, and to permit his children and grandchildren to use and occupy the Homestead Estate and farm as a place of residence, free of rent. His son, Russell, was given the first right to occupy the Homestead Estate, and his son. Roswell, the first right to occupy the Colt Farm. Clause 27 provides that the trust is to continue for the lives of Col. Colt's children and grandchildren until all but one of them shall have died, at which time the trustee was to convey, transfer and deliver to such last survivor, discharged of all trusts, the Homestead Estate and the Colt Farm, with the personal property therein and thereon, and Col. Colt's other real estate then held by the trustee. Colonel Colt then declared it to be his special request that his descendants to whom the Homestead Estate and the Colt Farm should belong as an estate in fee simple should not sell or alienate the same. As to his other real estate in Bristol, he directed that his trustee hold the same in trust and, from the net income therefrom, apply so much thereof as was necessary for the expenses attending the care, management and custody of the Homestead Estate and the Colt Farm. He further directed his executor to set apart one half of his residuary estate in trust to apply the net income therefrom, or so much as was necessary, toward the expenses of the care, management and custody of the Homestead Estate and the Colt Farm. He also directed his trustee to apply any surplus of the net income from said one half of his residuary estate in the manner provided in the 28th clause of his will with reference to the income of the residuary estate to be held by the trustee. He further directed that upon the termination of the trust concerning his real estate in Bristol, the said one half of his residuary estate should fall in and become a part of the other half of his residuary estate, to be divided and distributed or held as provided in the 28th clause.