Page 218 - Bundle for MF Final

Bates no 217

Life Interest in Nutley Place School Lane Nutley East Sussex TN22 3PG

In this clause:

6.1.l "the Life Tenant" shall mean my partner Sigve Solheim otherwise known as Sig

6.1.2 "the Property Trustees" shall mean my Trustees for the time being

6.1.3 "the Trust Period" shall mean four years from the date of my death or until
Joshua and Blaize attain the age of 18 years old whichever the earlier or until the
future marriage or civil partnership of the Life Tenant or earlier if he starts living
together with someone as husband and wife or with any person(s) other than my
children Samuel, Thomas, Blaize and Joshua.

6.1.4 "the Trust Fund" shall mean my share of my property whether leasehold or
freehold which I own at the date of my death and known as Nutley Place School
Lane Nutley East Sussex TN22 3PG free of any mortgage debt or charge secured
thereon together with the furniture carpets curtains and other articles of
household use or ornament therein not otherwise specifically gifted by my Will
or any codicil but if such property does not form part of my Estate I give instead
the property which I owned and last used as my principal residence before my
death.

6.1.5 "interest in possession" shall have the same meaning it has for the purposes of
the Inheritance Tax Act 1984 (or any statutory provision which amends or
replaces it and which is in force at my death or thereafter).

6.2 I give the Trust Fund to the Property Trustees to hold upon the following trusts.

6.3 The Property Trustees shall pay the income of the Trust Fund to the Life Tenant for the
Trust Period if the Life Tenant shall survive me by 30 days.
6.4 The Property Trustees may at any time or times during the Trust Period as to the whole or
any part of the Trust Fund in which the Life Tenant has for the time being an interest in
possession lend money or assets comprised in the Trust Fund to the Life Tenant on such
terms (whether including provision for the payment of interest) as the Property Trustees
think fit.

6.5 I declare that in exercising the powers conferred upon the Property Trustees in clause 6.4
above the Property Trustees shall be entitled to have regard solely to the interests of the
Life Tenant and to disregard all other interests or potential interest under my Will.

6.6 Subject as above the Property Trustees shall permit the Life Tenant to occupy or use rent
free any property or assets which or the beneficial interest in which is for the time being
comprised in the Trust Fund subject to those conditions for the payment of outgoings
insurance repair decoration and other matters as the Property Trustees shall from time to
time consider reasonable.

6. 7 Subject as above the Property Trustees shall hold the capital and income of the Trust Fund
for my son Samuel Michael Anthony Siggers, my son Thomas Mark Anthony Siggers, my
daughter Blaize Octavia Darcy Louise Siggers and my son Joshua Nicholas Anthony
Siggers which shall be held by those beneficiaries who are living at the end of the trust in
equal shares and if any of them shall fail to obtain a vested interest leaving issue who are
living at the end of the trust then such issue shall take by substitution such failed share and

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