Originally two Meyer Family Trust #3 accounts were established at Fidelity, Account Z49155861 for which I am listed as co-trustee, from which I have been paying 90% of 174 School Street taxes and expenses, 100% of 3 Red Barn Road taxes, and 100% of Lisbon taxes and to the records of which I have electronic access. Account Z49488534 for which I am not listed as co-trustee, to the records of which I do not have electronic access. I am under the impression that a few months ago, in order to simplify your accounting, you directed Fidelity to transfer the assets in this Account Z49488534 to Account Z49155861. I am not sure whether Account Z49488534 is still recognized by Fidelity, and if not, whether Fidelity would be willing to resurrect it, should that be your wish. In the ten years since this trust (the text of which I reproduce below) was established, both Margrit and Mommy have died, and I being ten years older have much less need for financial "security" than ever. The wording of the trust also entails hypothetically important legal issues which we should discuss to help you decide whether you wish to amend the trust or leave it unchanged. Note that I extracted the text below from my computer files. I haven't compared it with the signed and notarized original which is stored in the box labeled "Estate" in the western room on the third floor of the addition. - 1 - DECLARATION OF TRUST I, Klemens B. Meyer, 174 School Street, Belmont, Massachusetts 02178, hereinafter sometimes referred to as the Settlor, hereby transfer, assign and set over to the trustees hereinafter named, the sum of ten dollars ($10.00) to hold with any other property that may be subsequently transferred, assigned or delivered to this trust by me or by others, in trust, for the following uses and purposes. 1. I direct the trustees to subsidize with regular payments any and all of the lineal descendants of my grandfather Dr. Heinz Meyer and their spouses, who are at any given time living at or below the official poverty level in their re- spective communities. To this end, the trustee shall dis- burse from the income and if necessary from the principal of this trust such sums that the income from all sources of each eligible family shall shall be ten percent above the aforementioned official local poverty level. 2. I further direct the trustees to disburse to me or on my behalf at such intervals as they see fit such sums as the trustees shall consider essential for my maintenance and support or conducive to my physical and mental well being. 3. All undistributed income shall be added to the principal of the trust and invested as a part thereof. 4. This trust shall terminate under contingencies as follow: a. This trust shall terminate upon the death of the sur- vivor of my father and mother. b. If it is then still in existence, this trust shall terminate at my death. c. This trust may be amended or revoked at any time by the unanimous determination of all three co-trustees or subsequent to the death or permanent total disability of one of the co-trustees by the unanimous determination of the then surviving two co-trustees. 5. On termination of the trust: a. If this trust terminates during my lifetime, all as- sets of the trust shall be disbursed to me free of all trusts. b. If this trust terminates at my death, all remaining assets of this trust shall be distributed free of all trusts to my father Ernst J. Meyer, if he survives me. c. If this trust terminates at my death and if my father does not survive me, then all remaining assets of this - 2 - trust shall be distributed free of all trusts to my mother Margaret Meyer if she survives me. d. If this trust terminates at my death and if neither my father nor my mother survives me, then: 1. If my aunt Margrit Meyer survives me, there shall be distributed to her, assets in such amount as will bring the total of all property owned by my aunt Margrit Meyer on the day of my death to four-hundred- thousand dollars. 2. The assets remaining in the Trust shall be dis- tributed in equal shares to my wife Laura, if she sur- vives me, and to each of my four children, or to their issue, per stirpes. 6. Trustees: a. I appoint as co-trustees hereunder myself, Klemens B. Meyer, my father Ernst J. Meyer, and my mother Margaret Meyer. b. One or more additional co-trustees who have no inter- ests in the Trust substantially adverse to that of the settlor may be appointed at any time at the option of and by unanimous agreement of all three co-trustees, or subsequent to the death or permanent total disability of one of the co-trustees at the option of and by unanimous agreement of the two remaining co-trustees. c. A statement by a physician attesting to the permanent physical or mental incapacity of a trustee hereunder shall be conclusive evidence of such incapacity. d. Fiduciary acts affecting the Trust require the assent of all co-trustees. 7. No interest or estate hereunder, whether present or fu- ture, shall be in any manner anticipated, alienated or as- signed or be available to or attachable by creditors or as- signees of any of the beneficiaries thereof. 8. If prior to the termination of the trust or trusts here- inabove provided, all of the beneficiaries named or referred to have died and no provision is otherwise herein made for the disposition of the trust property or any share thereof upon the facts and circumstances then existing, the trustees shall pay and distribute the property or the share thereof, free and discharged of all trusts, to those persons who would have inherited my property if I had died intestate at the time of the termination of the trust. 9. I incorporate herein by reference Massachusetts General - 3 - Laws (M.G.L.) 184B, Section 2, (Statutory optional fiduciary powers), (M.G.L.) 184B, Section 3, (Statutory disability discretionary powers), (M.G.L.) 184B, Section 4, (Statutory principal discretionary powers). 10. A certificate signed and acknowledged by the trustees hereunder certifying as to any fact affecting the trust fund or the trust instrument shall be conclusive evidence there- of, and third parties dealing with the Trustees shall not be required to see to the application of any proceeds of any transactions. 11. Accounts shall not be required of the trustees hereunder more frequently than annually. An accounting assented to by the Settlor during his life, or thereafter an account of any trust hereunder assented to by a majority of all beneficia- ries thereunder having full capacity and then eligible to receive income therefrom, shall be final and conclusive and constitute a full and complete discharge to the trustee from further accountability or liability as to all matters and transactions stated therein, and as to all persons whether minors, or under disability, or not in being, who have been, are then, or may become eligible to share in the income or principal of the trust property. A person to whom an account is rendered as hereinabove provided shall be deemed to have assented to the account if he does not communicate to the trustee his written objection thereto within ninety days af- ter the account is rendered, provided however nothing con- tained in this clause shall be deemed to give any person so assenting, acting in conjunction with the trustee, the power to amend or revoke the provisions of this trust instrument or of any trust hereunder. 12. Upon the death of any then income beneficiary of any trust hereunder, any then remaining undistributed, accumu- lated or accrued income attributable to the share of that beneficiary shall be added to the principal of the trust and be held, administered and distributed as part of the princi- pal of the trust. 13. No bond or surety shall be required of any Trustee serv- ing hereunder. Any co-trustee may resign at any time subse- quent to the appointment of a qualified successor. 14. This trust may be amended or revoked only by unanimous agreement of the co-trustees as specified in Section 4(c) above. 15. On April 21, 1990, I established and funded an inter- vivos trust known as the MEYER FAMILY TRUST NO. 3, all pro- visions of which I hereby rescind, replacing them with the fifteen sections of the present document, which shall be known as the MEYER FAMILY TRUST NO. 3, dated October 30, 2001. All assets heretofore held in the MEYER FAMILY TRUST - 4 - NO. 3, dated April 21, 1990 are hereby transferred to the MEYER FAMILY TRUST NO 3, dated October 30, 2001; assets in bank, brokerage or securities accounts styled "MEYER FAMILY TRUST #3 dated April 21, 1990" shall be deemed by the Trustees and by all persons dealing with the Trusts as cor- pus of the MEYER FAMILY TRUST #3 dated October 30, 2001. Signed and sealed this ____ day of ___________________ 2001. ________________________ Commonwealth of Massachusetts Middlesex, ss. _____________________ date Then personally appeared the above named Klemens B. Meyer, known to me, and acknowledged the foregoing instrument to be his free act and deed, before me.