37.1 In respect of any benefit which is expressed to be payable under the NATS Section in accordance with this Rule the Trustees shall, subject to Rule 37.3, as soon as practicable after the Member’s death pay such benefit to the Member’s personal representatives and/or pay or apply such benefit to or for the benefit of any one or more of the Member’s Dependants and Relations living or conceived but not yet born at the Member’s death and/or such persons or bodies as the Member may have notified in writing to the Trustees (as being persons or bodies whom the Member wishes the Trustees to consider as possible recipients of any benefit payable from the NATS Section on the Member’s death) and/or people who would be entitled to benefit from the Member’s estate (whether by testamentary disposition or under the law relating to intestacy) in such shares and in such manner as the Trustees shall decide. In exercising this discretion the Trustees may have regard to but shall not be bound by any wishes notified to the Trustees by the Member. The Trustees may in exercise of their discretion under this Rule pay such lump sum or any part thereof to trustees to hold upon such trusts and subject to such powers and provisions as the Trustees may direct and in this connection the Trustees shall have power to declare trusts and appoint separate trustees thereof and provide for their remuneration.