HomeMy WebLinkAbout12-07-07 (2)
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,
Joshua W. Coolidge, et al.
: ORPHANS' COURT DIVISION
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AND NOW, this7(t, day of D<2.CC-,~J ,2007, upon considerati~~~e ~
annexed Petition of Philip W. Coolidge and Thomas E. Coolidge as trustees of the Tru~er
Will of Warren F. Coolidge for benefit of Joshua W. Coolidge, et al. it is hereby ordere~s
follows:
ORDER
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 appoint
co-trustees or successor trustees without approval of the court.
3. The trust is modified so that the trustees are granted the explicit power to [Rider
beginning with (i)]
4. 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
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one trust with identical beneficiaries, thereby decreasing costs and increasing efficiencies of
administration.
5. The trust is modified so that the trustees are authorized, in their discretion, to split
the trustee fees between income and principal.
BY THE COURT:
J.
ORPHANS' COURT DIVISION
COURT OF COMMON PLEAS OF
In Re: Trust under will of Warren F. Coolidge
for benefit if Thomas E. Coolidge,
Joshua W. 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
SERVICE TO:
DEVYN L COOLIDGE
METHOD OF MAILING:
ENVELOPES PROVIDED BY:
rgJ USPS
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D HAND DELIVERED
D OTHER_
rgJ PETITIONER
D JUDGE
D CLERK OF ORPHANS COURT
MAILED: 12-07-07
SERVICE TO:
ROBERT~FREY ESO
METHOD OF MAILING:
ENVELOPES PROVIDED BY:
D USPS
DRRR
D HAND DELIVERED
D OTHER_
D PETITIONER
D JUDGE
rgJ CLERK OF ORPHANS COURT
MAILED: 12-07-07
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