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Will With Several Legacies And Religious And Charitable Bequests And Residue To Vest In Trustees For Benefit Of Wife And Children - Legal Draft

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Category : Agreements Will

This is the last will

executed by me, AB, etc., this the _______ day in the city of

__________________.1.

I

hereby revoke all former wills and codicils heretofore made by me.2.

I

appoint CD, etc., EF, and GH, etc., to be the executors and trustees of my this

will.3.

I

appoint the said trustees as guardian of my children jointly with my wife.4.

I

bequeathi.

to

my wife OP Shares Nos. ______ in Company Limitedii.

to

my son MN my gold watch, chain and my signestring ;iii.

to

my daughter KL my motor car;iv.

to

my friend XY all my books.5.

I

bequeath the following pecuniary legacies :i.

the

sum of Rs. _______ to each of the trustees who shall prove my will and act in

trust thereof.ii.

Rs.

_______ to each of my servants MN and Rs.6.

I

bequeath the following charitable legacies ;i.

to

the __________ Hospital Rs. ___________,ii.

to

the___________ College Rs. ___________.iii.

to

the __________ Orphanage Rs. ___________.iv.

to

the __________ Temple Rs. ___________.7.

I

give to my sister PQ, the wife of TU, during her life an annuity of Rs. _____

payable my equal monthly installments on the first day of each month after my

death without power of anticipation during her coverture.8.

I

release and forgive to IJ or to his representative if he dies before me the

amount that may be due at the time of my death to me on his bond for Rs. ______

dated _______ and direct my trustees to cancel and deliver up the bond to him.9.

I

devise and bequeath all my property, movable and immovable, existing at the

time of my death (except property disposed of by this will) unto my trustees

upon trust to sell all the covert the same into money, and after payment of all

my debts, funeral expenses, legacies and annuities hereinbefore provided, to

invest the net proceeds thereof in any investment they in their absolute

discretion think fit and to hold the same and income thereof upon trust

hereinafter declared and specified.10.

My

trustees shall pay the income of the trust estate to my wife during her

lifetime without power of anticipation until her re-marriage and after her

remarriage, one moiety to her and the other moiety to my children in equal

shares.11.

Subject

to aforesaid my trustees shall divide the corpus of the trust estate among my

children equally, who being sons attain the age of majority and in the case of

daughters attain majority or marry under age :Provided that if any

child of mine dies during my life-time, then his children shall take equally

between them and share of such child.12.

I

hereby give power to my wife, the said OP to appoint a new trustee or new

trustees on the occurrence of any vacancy in the office of the trustees.13.

I

direct that if there is any difference of opinion between the trustees on any

matter concerning this will, or the management of the property hereby

bequeathed, or the execution of trust hereby created, the opinion of the

majority shall prevail.IN WITNESS WHEREOF I,

the said AB, have executed this will in the presence of the witnesses hereunder

who have attested the same in my present.(Sd.)TestatorWitnesses :1. ________________2. ________________


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