I, Jansen Silva Renard, of 142 Apocalypse Towers, Midian City, do hereby make, publish and declare this to be my Last Will and Testament, hereby expressly revoking all wills and codicils heretofore made by me.
ARTICLE I
I direct my Executor to pay my judicially enforceable debts, funeral expenses and the administrative expenses of my estate as soon after my death as practicable. Further, I direct that all estate and inheritance taxes and other taxes in the general nature thereof (together with any interest or penalty thereon), which shall become payable upon or by reason of my death with respect to any property passing by or under the terms of this Will or any codicil to it hereafter executed by me, or with respect to the proceeds of any life insurance policy or policies, or with respect to any other property (including property over which I have a taxable power of appointment) included in my gross estate for the purpose of such taxes, shall be paid by my Executor out of the principal of my residuary estate, and I direct that no part of any such taxes be charged against or collected from the person receiving or in possession of the property taxed, or receiving the benefit thereof, it being my intention that all such persons, legatees, devisees, surviving tenant by the entirety, appointees and beneficiaries receive full benefits without any diminution on account of such taxes.
ARTICLE II
I do give and bequeath to my companion, Bodicea Monihan, all my personal effects and all my tangible personal property, including automobiles owned by me and held for my personal use at the time of my death, but excluding cash on hand in bank accounts in my own name, or securities, choses in action or other intangibles.
In the event my companion shall not survive me, then I give and bequeath all such tangible personal property to The Basment Holdings, Inc., to be used as they see fit. If any dispute shall arise among the principles representing the company regarding the division of such property, my Executor shall have the power to make a final and binding determination as to the distribution of such property.
ARTICLE III
If my companion, Bodicea Monihan, shall survive me, I give, devise and bequeath to my companion cash, securities or other property of my estate (undiminished by any estate, inheritance, succession, death or similar taxes) having a value equal to the maximum marital deduction as finally determined in my federal estate tax proceedings, less the aggregate amount of marital deductions, if any, allowed for such tax purposes by reason of property or interests in property passing or which have passed to my companion otherwise than pursuant to the provisions of this Article; provided, however, the amount of this bequest shall be reduced by the amount, if any, needed to increase my taxable estate (for federal estate tax purposes) to the largest amount that, after allowing for the unified credit against the federal estate tax, and the state death tax credit against such tax (but only to the extent that the use of such state death tax credit does not increase the death tax payable to any state), will not result in a federal estate tax being imposed on my estate. The term "maximum marital deduction" shall not be construed as a direction by me to exercise any election respecting the deduction of estate administration expenses, the determination of the estate tax valuation date, or any other tax election which may be available under any tax laws, only in such manner as will result in a larger allowable estate tax marital deduction than if the contrary election had been made. My companion shall have the sole discretion to select the assets which shall constitute this bequest. In no event, however, shall there be included in this bequest any asset or the proceeds of any asset which will not qualify for the federal estate tax marital deduction, and this bequest shall be reduced to the extent that it cannot be created with such qualifying assets. My Executor shall value any assets selected by my companion for distribution in kind as a part of this bequest at the value of such asset at the date of distribution of such asset.
ARTICLE IV
I appoint Masha Eilde as my Executor.
If she should not survive me, or is unwilling or unable to complete the administration of my estate, I appoint Guinevere Fouroux as my Executor. I direct that my Executor or Contingent Executor, whichever shall serve, shall not be required to post bond.
ARTICLE V
If my companion and I shall die under such circumstances as to render it doubtful as to which of us died first, it shall be conclusively presumed that my companion survived me.
IN WITNESS WHEREOF, I sign, seal, publish and declare this instrument to be my Last Will and Testament, this the Eighth day of March, Two-Thousand and XX.
Jansen Silva Renard
No comments:
Post a Comment