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BAKER, BOTTS, SHEPHERD & COATES ESPERSON BUILDING Mr. Harris L. Kempner -3. HOUSTON 2 appointment and therefore his part of the trust estate would not be included in his estate for estate tax purposes. I realize these clauses are rather complicated but, after all, life is pretty complicated itself and we cannot deal with it in a very simple manner. This power to sprinkle the income around must be in thehands of a trustee and not of any of the bene- ficiaries. Therefore, I think that you would probably want your Bank to be the Trustee of all of these trusts. I believe if you will study the enclosed will and these drafts I have prepared, it will be much easier to draw up a trust agreement for Miss Gladys. Yours sincerely, HLB-5 Homer L. truce Endl8.