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HomeMy WebLinkAbout0300 ~J• ~ ~ 5~.~~ S ~ I, Kathleen M. Wilcwc, of Hamilton County, Tennessee, do hereby make, declare and publish this my last will and testament, hereby revokina all other wills by me at any time heretofore made. I. I direct that all my just debts, including funeral expeases a.nd costs of administ~ration of my estate, be paid as soon after my deuth as practicable; and that all estate, in- heritance or succession taxes upon my estate or occasioned by my death, be paid out of the residue of my estate and not charged to specific legatees, devisees or bene- ficiaries under any policies of insurance upon my life, or deducted from specific legacies, devises or benefits arising by reason of my death. II. - I~ve, devlse and bequeath my entire estate, real, personal or mixed of whatsoever l:ind and character and wheresoever situated, including the proceeds of life insurance policies payable to my estate, to my husband, Patrick J. Wilcox. III. Ia the eve~ my said husband predeceases me or should we die as the result of a common disaster, then my entire estate ahall he distributed as follows: Oae-thi~cd to Kathleen W. Benson or her issue per stirpes. Z~vo-thirds to Ka#hleen W. Benson, as Trustee, to be held, managed a.nd disposed of as hereinafter provided: First: ~Ynstee is eacpressly authorized and empowered to do any and all things necessary or proper to carry out the purposes of this Trust and is expressly authorized and em- powered to manage, encumber, collect, borrow, lend, lease, sell, transfer, convey, ~ excha.nge, invest and reinvest airy and every item of money aad propertq in such manner ! as in har sole discretion she sball deem advisable and to the b~st iaterest of the Trust ; estate. 3aid Trustee shall have full power to sell, lease, exchange, mortgage or convey E any property which may come i~o her hands as 1`rustee withart disclosing any beneficiary } and withant aay beneficiary joining in any such sale, lease, eaehange or conveyance and ' witha~t anp person being required to look to the application of aziy funds or property e coming iato the hands of the Trnstee. Trustee is fnllp authorized and empowered to re- ; ta,in any asset which comes to her as part of the 1'rnst estate, and sball not be confi.ned X or restricted in investments or purchases to thoae forms of iavestments described by ~ the preseat or future laws of the 9tate of Tennessee for the investment of Trust funds. ~ 9 ~ Second: When, by the terms hereof, the Trast estate or any part thereof is to be dis- ~ tributed, the distribntion m.ay, at the election of the Trustee, be ma.de either in l~nd or by ; selling the assets and di9tributing the proceeds. ~ ~ Third: Neither the named Trastee nor any successor 'I~nstees shall be reqnired to give ~ bond or to make reports to or settlemeats with any court, but will annually render a full statement of the Trust account uato the beneficiaries. ~ ~ ~ Fourth: Neither the principal nor the income from the Trust estate shall be liable for ~ debts of any beneficiary hereof, nor shall the same be subject to seizure by any creditor ~ of a.ny beneficiary under any writ, or proceeding at law or in equity; and~no beneffciary h2reunder shall have any power to sell, assign, transfer, encumber or in any other manner to anticipate or dispose of his or her interest in the Trust estate or the income produced • ~ therebp. Fifth: The Trustee may make distribution to or for the benefit of a minor beneficiary without the intervention of a leaal guardian as though such beneficiary were of a leaal a~e. ~ ;5 }i ? - (Pa~e One of this my last will and testament _ ? ~24 F1~E ~ 99 _ - ; x ~ = ~ : ~ ~ _ . _ i _ . . . . _ _ . _ . . . -_i ~ _ _ . . _ _ .