Alternative provisions to describe beneficial interests.

A. Beneficial interest in one person, on his or her death, to another:

"The entire interest in _________[husband's name], and on his death provided that he has not previously sold, assigned, transferred, or otherwise disposed of his beneficial interest and provided further that the Trust property has not previously been conveyed then to: _________[wife's name], his wife."

To which may be added:

"… and if _________[wife's name], predeceases _________[husband's name], or after _________[husband's name] death, if _________[wife's name] has not previously sold, assigned, transferred or otherwise disposed of her interest and provided further that the Trust property has not previously been conveyed then to _________[children's names], their children [in joint tenancy or in undivided equal shares]."

B. Beneficial interest in Joint Tenancy:

"_________[Husband's name] and _________[wife's name], his wife as Joint Tenants, not as Tenants in Common, with the right of survivorship."

or

"_________[Husband's name] and _________[wife's name], his wife as Joint Tenants, not as Tenants in Common, with the right of survivorship and on the death of the survivor provided the property has not previously been conveyed and provided that the beneficial interest has not been sold, assigned, transferred or otherwise disposed of then to: _________[children's names], their children."

C. If interest is held in two or more people, the provision should read as follows:

"An undivided one-third interest in _________[name of third person]

"An undivided one-third interest in _________[husband's name]

"An undivided one-third interest in _________[name of other third person]"

or

"An undivided one-third interest in _________[name of third person husband], and on his death provided that he has not previously sold, assigned, transferred or otherwise disposed of his beneficial interest and provided further that the Trust property has not previously been conveyed then to _________[name of third person's wife], his wife;

"An undivided one-third interest in _________[husband's name], and on his death provided that he has not previously sold, assigned, transferred, or otherwise disposed of his beneficial interest and provided further that the Trust property has not previously been conveyed then to: _________[wife's name], his wife;

"An undivided one-third interest in _________[name of other third person husband], and on his death provided that he has not previously sold, assigned, transferred or otherwise disposed of his beneficial interest and provided further that the Trust property has not previously been conveyed then to: _________[name of other third person's wife], his wife."

D. If beneficial interest is to be held by a PARTNERSHIP, the provision in C may be used, or:

"_________[Names of individuals], d/b/a _________ Company, a partnership."

E. Beneficial interest in a CORPORATION:

"The entire interest in the _________ Corporation."

F. Beneficial interest in JOINT TENANCY with instructions as to disposition after death of surviving joint tenant:

"_________[Husband's name] and _________[wife's name], his wife, as Joint Tenants with the right of survivorship, and on the death of the survivor provided the property has not been sold, assigned, transferred or otherwise disposed of, then as follows: An undivided one-half interest in equal shares to _________[names], the children by a former marriage of _________[wife's name]; and an undivided one-half interest in equal shares to _________[names], the children by a former marriage of _________[husband's name]."