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HomeMy WebLinkAbout1984 f ' 79 390 (i) To compromise, contest, prosecute or abandon_ claims in favor of or against the trusts (j) To distribute income and principal in cash or in kind, or partly in each, and to allocate or distribute undivided interests or different assets or disproportionate interests in assets, anc~ no adjustmust shall be made to compen- sate for a disproportionate allocation of unrealized gain for Federal income tax purposes; to value the trust property and to sell any part or all thereof in order to make allocation or _ distribution; no action taken by the trustee pursuant_ to this paragraph shall be subject to question by any beneficiary; (k) To deal with, purchase assets from, or make loans to, the fiduciary of any trust made by me or any member of my family or a trust or estate in which any beneficiary under this will has an interest, though a trustee hereunder is such fiduciary; (1) To establish out of income and credit to principal reasonable reserves for depreciation, obsolescense and depletion; and (m) To perform other acts necessary or appropriate for the proper administration of the trust, execute and deliver necessary instruments and give full receipts and discharges. SECTION 3: In disposing of any trust property subject to a power to appoint by will, the trustee may rely upon an instrument admitted to probate in any jurisdiction as the will . of the donee or may assume that he or she died intestate if the trustee has no notice of a will within three (3) months after -his or her death. SEVENTH: I appoint my wife JULIA ELLEN WILSON as . my personal representative. If for any reason JULIA EI•.LEN WILSON is unwilling or unable to act as personal representative as to any. property, I appoint as co-personal representatives as to that , property R. N. KOBLEGARD, III and DIANA LOU WI SON, if living, SIGNED FOR IDENTIFICATION: ` -mss _ j C ar es Wa ter Wi son ~r ~ Page Five. . ';r X14 Pa~E i9?'l ti! tt)K