HomeMy WebLinkAbout12-07-07
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In re:
: IN THE COURT OF COMMON PLEAS OF
: CUMBERLAND COUNTY, PENNSYLVANIA
Trust Under Will of Warren F. Coolidge
for benefit of Thomas E. Coolidge,
Devyn L. Coolidge, et al.
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AND NOW, this -ii I day of December, 2007, upon consideration of the a!w~ed
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Petition of Philip W. Coolidge and Thomas E. Coolidge as trustees of the Trust Under Will of
: ORPHANS' COURT DIVISION
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: 21-01-684
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ORDER
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Warren F. Coolidge for benefit of Devyn L. Coolidge, et al. it is hereby ordered as follows:
1. The trust is modified so that the trustees are granted the explicit power to
(i) appoint co-trustees or successor trustees without approval of the
court;
(ii) designate for federal income tax purposes the portion, if any, of the
capital gains realized by the trust during a fiscal year which is to be treated as
principal to be retained as part of the corpus of the trust; and
(iii) disburse from time to time to the income beneficiary of the trust or to
the spouse of such income beneficiary, but only upon receipt of a written request
from such income beneficiary or the spouse of such income beneficiary requesting
such disbursement as being necessary for the health, maintenance and welfare of
such beneficiary or the spouse or immediate family of such income beneficiary,
cash in the amount requested provided, however, that such amount shall not exceed
the difference between (a) the aggregate amount of all income and realized capital
gains of the trust from the commencement of operations of the trust to the date of
disbursement, and (b) the aggregate amount of all previous disbursements of
income and realized capital gains to such income beneficiary during such period of
time.
2. The trust is modified so that the trustees are granted the explicit power to
determine from time to time whether all or some portion of realized capital gains shall be treated
as ordinary income for distribution to a beneficiary or treated as principal to be retained as part
of the corpus, and such designation need not be consistent from one year to another.
3. The trust is modified so that the trustees are authorized to manage the within trust
with the respective trust created under the Last Will and Testament of Eleanor U. Coolidge as
one trust with identical beneficiaries, thereby decreasing costs and increasing efficiencies of
administration.
4. The trust is modified so that the trustees are authorized, in their discretion, to split
the trustee fees between income and principal.
c/L
J.
ORPHANS' COURT DIVISION
COURT OF COMMON PLEAS OF
In Re: Trust under will of Warren F. Coolidge
for benefit if Thomas E. Coolidge,
Devyn L. Coolidge, et al.
CUMBERLAND COUNTY
PENNSYLVANIA
NO. 21-01-0684
CERTIFICATE OF SERVICE OF ORDER
ORDER DATE: 12/07/07
JUDGE'S INITIALS: JWO
TIME STAMP DATE: 12/07/07
IN RE: ORDER
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SERVICE TO:
DEVYN L COOLIDGE
METHOD OF MAILING:
ENVELOPES PROVIDED BY:
[8] USPS
DRRR
D HAND DELIVERED
D OTHER_
[8] PETITIONER
D JUDGE
D CLERK OF ORPHANS COURT
MAILED: 12-07-07
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SERVICE TO:
ROBERT M FREY ESQ
METHOD OF MAILING:
ENVELOPES PROVIDED BY:
D USPS
DRRR
D HAND DELIVERED
D OTHER_
D PETITIONER
D JUDGE
[8] CLERK OF ORPHANS COURT
MAILED: 12-07-07
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