Opinion ID: 2387440
Heading Depth: 2
Heading Rank: 1

Heading: pertinent provisions of the will[1]

Text: Simon W. Wardwell, hereinafter referred to as the testator, died in Providence on February 19, 1921. His will was duly admitted to probate by the probate court of the city of Providence. Under the Tenth paragraph of his will he left his entire estate to four persons named therein as trustees under the trust established therein for the benefit of certain persons or classes of persons, during their respective lives. The will provides in paragraph Tenth that upon the death of all the beneficiaries the trust estate is to be used for certain charitable purposes in furtherance of testator's intentions as expressed in the Ninth paragraph of his will. The testator provided for the distribution of up to $50,000 of the annual net income from the trust estate in specified amounts among (1) his wife and after her death to one of her brothers and three daughters of another brother; (2) testator's sisters and brother and after their respective deaths to their daughters and granddaughters; and (3) his trustees. Paragraph Tenth disposes of annual net income in excess of $50,000 according to the following provision: That all net income in excess of fifty thousand dollars ($50,000.00) be administered in trust and distributed by my trustee [sic] aforesaid at their discretion and will for the benefit of all aforesaid persons and for any and all men and women among my employees and acquaintances known to my said trustees to have been loyal to me and my inventions during the hard, up-hill struggle to establish my Wardwell Braiding Machine business. From the foregoing it appears that the income beneficiaries may be divided into the four following classes: 1. Testator's wife and her nieces and brother; 2. Testator's sisters and brother and their respective daughters and granddaughters; [2] 3. The four trustees under said trust and their successors; 4. Certain employees and acquaintances as described in the above-quoted provision from paragraph Tenth. The trust provides specifically for the distribution of annual net income up to $50,000 as follows: Class 1. Testator's wife and after her death her brother and their nieces. $15,000.00 Class 2. Testator's sisters and brother and after their respective deaths to their daughters and granddaughters $15,000.00 Class 3. Trustees $20,000.00