Mutual Will

I……….of………..residing at.....and ... by occupation make this my last will and testament.
1. I hereby revoke all wills and codicils or other   testamentary documents if any made by me heretofore and 1 declare this to be my last will and testament.
2. I appoint (1) my wife ... and (2) ... to be the executors of this will and trustees of my estate.
3. My said wife and I have agreed with each other to execute Wills of even date, and in similar terms and have further agreed that such respective wills shall not hereafter be revoked or altered either during our joint lives or by the survivor of us, after the death of one of us. On the basis of our such mutual understanding I am making this will.
4. I hereby bequeath all my moveable and immoveable property of whatsoever nature and wherever situate or lying to my said trustees upon trust to sell, call in and convert the said property into money with power to postpone the sale, calling in and conveyance thereof, so long as they shall in their absolute discretion. think fit, without being liable for loss and to hold the sale proceeds of such sale calling in and conversion and my cash amount if any (hereinafter referred to as my estate) on the following trusts and with following powers -
(a)To hold the balance of the estate upon trust for the benefit of my wife exclusively.
(b) To pay throughout my debts and funeral and testamentary expenses.
(c)If my wife shall die during my life time, to hold the said balance estate for the benefit of my child or children by my said wife absolutely but in case of more than one child to them in equal shares until the child or the youngest of them attains the age of 18 years.
(d)If any child dies before the estate becomes distributable among my children under the above clause leaving any child or children then living then his or her share will belong to the child or to children of such deceased child, in equal shares, provided that, if any such grand-child is a minor, then his or her share will be held on trust until such child attains majority.
(e) The Trustees shall have power to invest the moneys in any trust securities including bank deposits and to change the investments from time to time in the interest of the estate.
(f) any trustee shall die or resigns or ceases to be a trustee for any other reason, the surviving trustee shall have power to appoint another trustee in his or her place and to transfer the trust property to his or her name alongwith the surviving trustee.
IN WITNESS WHEREOF I ... have put my hand in the presence of witnesses on this ... day of ...
Signed by the within-named                )
Testator ... opposite, in                        )
the presence of witnesses, who in       )
his presence and in the presence         )                TESTATOR
of each other have put their                )
Signatures hereunder as witnesses     )
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