Wills

Will of Isaac Gregg Reynolds, written 4/1/1943

I, Isaac G. Reynolds, of the Borough of West Chester in the County of Chester and State of Pennsylvania, being of sound and disposing mind, memory and understanding do hereby make and publish this my Last Will and Testament in manner following, hereby revoking and making void any and all Wills by me heretofore made.

First - I order and direct my executors herinafter named to pay and discharge all my just debts and funeral expenses as soon after my decease as they may be enabled so to do.

Item - I give and bequeath unto my son Gregg D. Reynolds one windsor settee, two windsor armchairs, one grandfather clock, one tilt top desk and my fur lined coat, subject to the use thereof by his mother Elizabeth M. Reynolds for and during the term of her natural life. I request that said son Gregg D. Reynolds shall pass or arrange to pass the above articles on to his son Gregg D. Reynolds, Jr. either before or upon the decease of him the said Gregg D. Reynolds.

Item - I give and bequeath unto my son Ellwood W. Reynolds one wall clock hanging in the hallway, one mahogany settee, one mirror in the living room and one rush bottom side chair (the latter having been obtained by me from the Estate of my old friend, G. Norman Barnard), subject to the use thereof by his mother, Elizabeth M. Reynolds for and during the term of her natural life.

Iem - I give and bequeath unto my daughter Mary R. Bingaman my mother's cane seated rocking chair, one center table and the mantle clock in the living room, subject to the use thereof by her mother, Elizabeth M. Reynolds, for and during the term of her natural life.

Item - I give and devise the premises whereon I now reside, situate on the east side of South Church Street and extending from Sharpless Street to Normal Avenue in the Borough of West Chester as well as the triangular lot situate on the west side of Church Street, unto my wife Elizabeth M. Reynolds for and during all the term of her natural life and I hereby direct that all taxes, sewer rents, water rents, repairs, renovations and insurance theron shall be paid by my Executors and Trustees hereinafter named out of the income from the Trust hereinafter created for her benefit. I further give and bequeath unto my wife Elizabeth M. Reynolds absolutely all my household goods, books, pictures, jewelry, automobile and personal effects contained in, on or about the premises above devised to her for the term of her natural life, exclusive of the articles hereinbefore bequeathed to my children.

All the rest, residue and remainder of my estate I give, devise and bequeath unto my Executor hereinafter named IN TRUST that they invest the same and pay over the net income arising therefrom semi-annually unto my said wife Elizabeth M. Reynolds for and during all the term of her natural life. I hereby direct that the income from said Trust Fund shall accrue for the benefit of my said wife from the date of my decease. If at any time during the lifetime of my said wife Elizabeth M. Reynolds, the income paid to her under the terms of the above Trust is not sufficient for her comfortable support and maintenance, I hereby order and direct that said Trustees to expend so much of the principal fund of said trust as may in their good judgement and discretion be necessary for her comfortable support and maintenance without any liability or accountability to anyone for so doing. Upon the decease of my said wife I give and bequeath unto my two sons Gregg D. Reynolds and Ellwood W. Reynolds each the sum of Five Thousand Dollars and the remainder of the principal of said Trust I direct shall be divided into three equal parts, which I give and bequeath as follows: - one equal third part thereof unto my son Gregg D. Reynolds, one equal third part thereof unto my son Ellwood W. Reynolds and the remaining equal third part thereof unto the First national Bank of West Chester in Trust that it invest the same at interest and pay over semi-annually the income arising therefrom unto my daughter Mary R. Bingaman during all the term of her natural life and upon her decease unto her husband John R. Bingaman for and during the term of his natural life, if they continue to live together as husband and wife at the time of her decease. Upon the death of the survivor of them the said Mary R. Bingaman and John R. Bingaman, if they be living together as aforesaid, or upon the decease of the said Mary R. Bingaman, if she and her husband be not living together as aforesaid, I give and bequeath the principal of said Trust Fund unto their two children John R. Bingaman, Jr. and Elizabeth B. Davis in equal shares. If either the said Joh R. Bingaman Jr. or Elizabeth B. Davis should die prior to the termination of the above Trust without leaving lawful issue to survive at the time of such termination, the share of the one so dying shall vest in and pass to the survivor, but if both the said John R. Bingaman Jr. and Elizabeth B. Davis should die prior to the time of the termination of the above Trust, then the principal fund thereof shall vest in and pass to my lineal descendants then living on a per stirpes basis.

I hereby direct that no benefit to be derived hereunder by any beneficiary herein named shall in any way be subject or liable to or for her or his debts, liabilities, creditors, assignments, pledges, contracts, transfers or anticipations or to any attachment or execution.

I authorize and empower my executors and trustees and their successors, in their discretion, to retain, obtain and hold any securities or investments not prescribed or authorized by law without liability for any loss for so doing or of being surcharged with the same and they are released from all such liability, but I recommend, however, that in case of any well grounded apprehension of danger of loss from such holdings they will exercise their discretion in disposing of the same.

I hereby authorize and empower my executors and trustees hereinafter named to sell any or all real estate of which I may die seized at either public or private sale and to make, execute and deliver unto the purchaser or purchasers thereof good and sufficient deed or deeds in fee simple therefore.

I hereby direct that all Inheritance Tax or other charges in the nature thereof shall be paid out of my estate and not by any beneficiary hereunder.

LASTLY, I do nominate, constitute and appoint my said wife, Elizabeth M. Reynolds and my two sons, Gregg D. Reynolds and Ellwood W. Reynolds, Executors of this my last Will and Testament, and I direct that if any one or more of my executors and trustees are required to file a bond because of being at any time a non-resident of this State, the premium on such bond or bonds shall be paid out of my estate while the same is in course of settlement or out of the income arising from any Trust during the life of such Trust after the final settlement of my estate.

IN WITNESS THEREOF, I have hereunto set my hand and seal this First day of April in the year of our Lord one thousand nine hundred and forty three.

Isaac G. Reynolds (Seal)

Signed, sealed, published and declared by the above named Testator, Isaac G. Reynolds, as and for his last Will and Testament in the presence of us who at his request and in his presence and the presence of each other have hereunto subscribed our names as witnesses.

G. K. McFarland
B. W. Haines