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THIRD:
and remainder
of my property and estate, both real and
HIRD
RD:: I give all the rest, residue
resi
r
personal, of whatever kind and wherever
located, that I own or to which I shall be in any manner
w
entitled at the time of my death
(collectively
referred to as my "residuary estate"), to the trustee
d
(colle
under the following
held and disposed of in accordance with the terms, covenants and
lowing
owing trust to be he
conditions of such
_________________________ Living Trust dated _______________,
uch
h ttrust: ____
20__.
FOURTH: If any property of my estate vests in absolute ownership in a minor or
incompetent, my Executors, at any time and without court authorization, may: distribute the
whole or any part of such property to the beneficiary; or use the whole or any part for the health,
education, maintenance and support of the beneficiary; or distribute the whole or any part to a
guardian, committee or other legal representative of the beneficiary, or to a custodian for the
beneficiary under any gifts to minors or transfers to minors act, or to the person or persons with
whom the beneficiary resides. Evidence of any such distribution or the receipt therefor executed
by the person to whom the distribution is made shall be a full discharge of my Executors from
any liability with respect thereto, even though my Executors may be such person. If such
beneficiary is a minor, my Executors may defer the distribution of the whole or any part of such
property until the beneficiary attains the age of eighteen (18) years, and may hold the same as a
separate fund for the beneficiary with all of the powers described in Article SIXTH hereof. If the
beneficiary dies before attaining said age, any balance shall be paid and distributed to the estate
of the beneficiary.
FIFTH: I appoint __________________________ and _________________________ as
co-Executors of this will. If either of my Executors shall fail to qualify for any reason as
Executor or, having qualified shall die, resign or cease to act for any reason as Executor, the
other Executor may act alone as my Executor. I direct that no Executor shall be required to file
or furnish any bond, surety or other security in any jurisdiction.
SIXTH: I grant to my Executors all powers conferred on executors under the New York
Estates, Powers and Trusts Law, as amended, or any successor thereto, and all powers conferred
cutors power to retain,
upon executors wherever my Executors may act. I also grant to my Executors
einvest, and otherwise deal
sell at public or private sale, exchange, grant options on, invest and reinvest,
a encumber
with any kind of property, real or personal, for cash or on credit; too borrow money and
or pledge any property to secure loans; to pay any legacy or distribute, divide or partition
cate different kinds of property,
property in cash or in kind, or partly in kind, and to allocate
disproportionate amounts of property and undivided interests
nterests in property among any parts,
ppart funds
or shares, and to determine the fair valuation of thee property
ty so allocated,
aallocated,
ocated, with or without
wit
regard
r
to tax basis; to exercise all powers of an absolute
lute owner
er of property; to compromise
comprom and release
claims with or without consideration; and to employ attorneys, accountants and
a other persons
p
for
services or advice. The term "Executors"
wherever
utors" wher
herever
ever used herein shall
shal mean the executors,
executor, executrix or administratorr in office from time to time.
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______________________________
residing at
______________________________
_________________
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_______________________
_________________
______________________________
______________________________
residing at
________
______________________________
__________________
_____
______________________________
____________
AFFIDAVIT OF WITNESSES
STATE OF NEW YORK
COUNTY OF __________
)
) ss.:
)
Each
of
the
undersigned,
_________________________
residing
at
___________________________________, and __________________________ residing at
___________________________________, respectively, being individually and severally duly
sworn, did depose and say that: The foregoing last will and testament was subscribed in our
presence and sight by _________________________, the [Testator/Testatrix] named therein.
The undersigned witnessed the execution of said will of _________________________
on the
__
_____ day of _______________, 20__, at ___________________________________.
________
At the
time the instrument was so subscribed, the [Testator/Testatrix] declared
clared said ins
instrument to be
[his/her] last will and testament. The undersigned thereupon signed
gned their names as witnesses at
the end of said will at the request of the [Testator/Testatrix],
Testat
of the
statrix],
trix], in the presence
presen
[Testator/Testatrix] and each other. At the time of so
o executing
ing said will, in our re
respective
opinions, the [Testator/Testatrix] was at least eighteen
teen years of age, and was of sound
so
mind,
memory and understanding, under no constraint,
nt, duress,, fraud or undue influenc
influence, and in no
respect incompetent to make a valid will. In our respective
ective opinions, the [Testator/Testatrix]
[Te
[Testator/Testa
was
able to read, write and converse in the English language,
from any defect
age, and was not suffe
suffering fro
of sight, hearing or speech, or from any other physica
impairmentt wh
which would affect
physical or mental impairmen
imp
[his/her] capacity to make a valid
id will. Each of us was acquainted with the [Testator/Testatrix],
and we make this affidavitt at [his/her]
her] request.
reque Said will was shown
show to us at the time this
affidavit was made, and
the [Testator/Testatrix] and our
d we examined
ined it as to the signature of th
signatures. Said will was executed
ecuted as a single, original
original instrument,
instrume and not in counterparts. Said
will was executed
ted by thee [Testator/Testatrix] and
and witnessed
witness by us under the supervision of
_________________________,
attorney-at-law admitted to practice in the State of New
_______________, Esq., an attor
York, who
requirements of the New York Estates, Powers and Trusts Law
hoo stated that the formal requireme
regarding
of a will had been duly fulfilled and
ing
g the ceremony of execution and attestation
atte
satisfied.
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______________________________
Witness
______________________________
Witness
Severally subscribed and sworn to before me this _____ day of _______________, 20__.
____________________________
Notary Public