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HomeMy WebLinkAbout0436 ' ~ ~ O. When required to make a distributfon or transfer , of all or a.part of the assets of my estate or o~ any trust created hereunder, my fiduciaries a?ay retain therefrom assets sufficient in their judqment to cover any liab~lity which may then or later be iraposed up~n them, includinq but not ~ limited to their liability for estate, i~come or other taxes, until auch liability shall have besn finally determined. P. Z direct my S~cecutors_ to distxibute my estate as soon after my death as may, in their sole discretion, be convenient to the extent not inconsis~ent with other provisions of this Will. My Executors are su~horized to make. such distr3.butio~ in cash or in kina, or partly in kind, and are further authorized to distribute my estate subject to any and all indebtedness iacurred by me or by my Executors, which in the opinion of my Executors need not first be paid, anr3 subject to any or all mortqages~ deeds of trust, or other lien~ crested by~me or by my Executors. My Executors are authorized to begin distri- bution of income or corpus fr~n my estate exactly as if any trust create3 by this Will~had been established at the time of my death. Q. Any power and right granted to my fiduciaries may be exerci.sed by them without pasting any bond, without • obtain.i~g a?ny order frrne or the- approval of any court, without any notice to or consent of anyone, and my fiduciaries shall not be requiYed to make any report to any court at any time for any purpose. - R. My fiduciaries are hereby directed to carry out the terms of any written agreement I may have entered into to sell all or any part of any property or any interest I may own in any bus3ness at the time of my death. ~ ~ ~ S. When called upor~ to divide the principal of my estate • ~ or of any trust into parts or shares, or to distribute the same, to make such division or distribution in kind or in money, or , partly in kind and partly in money,~or by assigning or:allotting undivided interests or parts in any securities or other property held by them and to treat any such property as constitutinq pro rata- investments in caac~non for the trusts or furids admin- . istered by the7n hereunder. ~ ~ ~ T. To r~tain axiy securities and other investments ~ in closely held corporations, regardless of whether or not the~same shall be authorized by law for investment by fiduci- ! aries. ~My fiduciaries shall not be liable or responsible in any way for depreciation or loss incurred by reason of or with resgect to the retention of such securities. IN WITNESS WHEREOF, I have set my hand and seal to this my last Will consisting of seventeen (17) pages, on the margin of , each of which, except~this page, I have placed my na~e or initials for -better- identification, in Dade County, Florida{ ~~his.. 7_ . , . ~ _ ~ ~ day of `71'' .,vu~.. - , . 1973 . s` ~ j ~ ' ~ ~ , , ~ . + ~ . . ~ • 1Y . 4S~L~ { HERMAN RUBIN . : ' , , g~~: - ~D = ' - Page Sixteen of Will - ~ . R~~ ' ~~~;;"R,' . ; ; , i ~ 1.IlW O~t'lCis OI FORREfT, RUFFN[R. TRAUM Q HAG[N. P. A.. 1220 ourONT dU1LC1NG. MIAMI, fLpRIDA 3~1~t ~ - - - - -$OGK~C7~ PRCf . , s ~ - - - . - ~ .