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Qualified terminable interest property marital trust for use with marital and residuary plan. 1. [Marital formula creating marital trust.] 2. Any principal of the marital trust disclaimed by or on behalf of my wife shall be added to the residuary trust. My wife shall be deemed not to have predeceased me for purposes of the administration of the residuary trust. 3. My corporate executor shall have full discretion to qualify all or any portion of the marital trust for the federal estate tax marital deduction as qualified terminable interest property. 4. Commencing with my death the trustee shall administer the marital trust as follows: (a). The trustee shall distribute to my wife during her lifetime the entire net income. (b). The trustee also may distribute to my wife as much principal as the trustee from time to time considers desirable for her comfortable support, medical care and welfare, considering her standard of living during my lifetime and her income from all sources known to the trustee. (c). On the death of my wife, the trustee shall distribute any accrued or undistributed net income of the marital trust to my wife's estate and shall add the principal of the marital trust to the residuary trust. (d). In administering the marital trust, the trustee shall neither retain beyond a reasonable time nor invest in unproductive property without the consent of my wife.
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