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of a beneficiary, and shall not be reach by any legal or equitable
or other process, including bankruptcy proceedings, in satisfaction
of any debt or liability of a beneficiary prior to receipt by the
beneficiary. 3
FIFTH: A. I hereby nominate, constitute and appoint my daughter,
CAROL LYNN JAMES, as Personal Representative of this, My Last Will and
Testament. In the event of the death, resignation, removal or failure
to qualify or serve of my said daughter, I nominate, constitute and
appoint my daughter, LAURA LEE NASH, as alternate Personal Representative.
B. I direct that no bond or other security shall be required
of my Personal Representative or alternate Personal Representative
in any jurisdiction, to secure the faithful performance of their
duties as such and I also direct that my Personal Representative shall
serve without compensation, except for out-of-pocket expenses.
C. In the administration and distribution of my Estate, my
Personal Representative or alternate Personal Representative shall
have all the powers granted in, and shall be governed by, the pro-
visions of Chapters 733, 737 and 738, Florida Statutes, 1975, that
are not in conflict with this instrument, and shall have all addi-
tional powers and protection granted by statute to them, and shall
have full power and authority to deal with my Estate and to perform
every act in the management of my Estate which individuals may
E perform in the management of like property owned by them, free of
I
any Trust, and which persons serving in like capacities may do
under the laws of the state wherein my Estate is administered,
~ including, by way of illustration and not limitation, the power and
authority to sell, encumber and otherwise dispose of all personal
~ and real property whenever it is deemed necessary and at a Brice
which is deemed adequate, without the intervention of any Court and,
in the distribution of my Estate, notwithstanding the fact that
gifts of my Estate are of shares in certain assets of my Estate,
:
those shares need not be satisfied by distribution of divided shares
in those assets, but rather, in the discretion of my Personal
Representative or alternate Personal Representative, any distri-
bution may be partially or wholly satisfied in cash or in kind or
by both, so long as it is fair and proportionate in value to any
other distribution.
~~~E~sss
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