HomeMy WebLinkAbout0306 ~ _ .
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I, Kathleen M. Wiicwc, of Aamil:on County, Tennessee, do hereby make, declare and :
publish tbis my last will and testament, hereby revoking all other wills by me at any
rime heretofore made.
~ I.
I direct t,~at all my just debts, including funerai expenses and costs of administration
of my estate, be pa.id as soon after my death as practicable; and t,hat all estate, in-
heritance or succession taxe~ upon my estate or occasioned by my death, be paid out
of the residue of my estate and aot charged to specific legatees, devlsees or bene- t
ficiaries under any policies of ~nsnrance upon nay life, or deducted from specific
legacies, devises or benefits arising by reason of my death.
' II.
I give, devise and bequeath my entire eatate, real, personal or miaed of wbatsoever~
l~nd and character and wheresoever situated, including the proceeds of life insurance ;
policies payable to my estate, to my husband, Patrick J. Wilcox. ,
III.
In the event my said husband predeceases me or should we die as the result of a common ~
d.isaster, then my entire estate shall be distributed as followa:
One-third to Kathleen W. Benson or her issue per stirpes .
Two-thirds to Kathleen W. Benson, as Trustee, to be he1d, managed and disposed of
as hereinafter provided: ~
~ First: 1`r~stee is expressly authorized a.nd empowered to do any and all things necessary
i or proper to carry out the purposes of this Trust a.nd is expressly authorized and em-
~ powered to manage, encumber, collect, borrow, lend, lease, sell, traasfer, convey,
~ exchange, invest aad reiavest any and every item of money and property in such manner
~ as in her sole discretion she .sball deem advisable and to the best iaterest of the Trust
~ estate. Said Trustee shall ltave full power to sell, lease, ea~chanae, mortgage or convey
~ any property which may come into her hands as T`z~stee without disclosing any beneficiary
~ and without any beneficiary joining in any such sale, lease, eachange or conveyance and
~ withart any persoa beiag required to look to the application of any funds or property
~ coming i~o the hands of the Trnstee. Trnstee is fully authorized and empowered ta re-
j tai.n aay asset which comes to her as part of the Trnat estate, and shall not be confined
! or restricted in inve~tments or purcbases to thoae forms of investments described by
; the preaent or futare laws of the State of Tennessee for the investment of 1`rust funds.
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j Second: When, by the terms hereof, the Trust estate or a.ny part thereof is to be dis-
[ tributed, the distribution may, at the election of the Trnstee, be ma.de eiiher in kind or by
; selling the assets and distributing the proceeda.
I Third: Neither the~ aamed Trustee nor any successor Trastees shall be required to give
~ bond or to make reports to or settlements with any court, but will annually render a full
; statement of the Trust accauat wato the beneficiaries.
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t Fourtb: Neither the principal nor the :ncome from the Trust estate sha.il be liable for
i debts of any beneficiary hereof, nor shall the same be subject to seizure by any creditor
; of any beneficiary under any writ, or proceedi.ng at law or in ec~ity, and no beneficiary
~ hereunder slnall have any power to sell, assign, transfer, encumber or in aay other manner
to ~nticipate or dispose of his or her interest in the Trust estate or the income produced
thereby.
Fifth: The Trustee may make distribution to or for the benefit of a minor beneficiary
~vithout the intervention of a legal guardian as though such beneficiary were of a Ieaal age.
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(Paae One of this my last will and testament I
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