LAST WILL AND TESTAMENT
OF
XXX
I, XXX, of ccc, Virginia, make this will and revoke all my
earlier wills and codicils.
My wife is YYY. I have nnn children living on the date of
this will: kkk.
Article I
Distribution of My Estate
I give my tangible personal property to my wife, YYY,("my
wife"), if she survives me by 120 hours. If my wife does not
survive me by 120 hours, I give my tangible personal property in
equal shares to my children and to the descendants, per stirpes,
of any children who predecease me; provided that my Executor may
sell any articles of my tangible personal property that my
Executor may deem inappropriate for distribution in kind and add
the proceeds to my residuary estate. I may leave a writing
indicating certain items of my tangible personal property that I
request be distributed to the persons specified therein. I
understand that this request is not binding. Tangible personal
property includes stamp or coin collections but does not include
other money or stock certificates or other evidences of intangible
rights or interests.
I give the residue of my real and personal estate to my wife,
if she survives me by 120 hours. If my wife does not survive me by
120 hours, I give such residue in equal shares to my children and
to the descendants, per stirpes, of any children who predecease
me.
A person who has a relationship by or through legal adoption
shall take under this will as if the person had the relationship
by or through birth, except that a person adopted after reaching
age 21 (twenty - one) and descendants of such a person shall not so
take.
Any beneficiary or the legal representative of any deceased
beneficiary shall have the right, within the time prescribed by
law, to disclaim any benefit or power under my will.
ARTICLE II
Provisions for Interests Vesting in Beneficiaries
Under Age Twenty One
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Notwithstanding the foregoing provisions, whenever any
interest in my estate vests absolutely in a beneficiary under age
21 (twenty-one), my Trustee may retain the interest upon a
separate trust and pay to the beneficiary as much of the net
income or principal as my Trustee may deem appropriate to provide
for the beneficiary's support, education, or other needs until the
beneficiary reaches age 21 (twenty-one), when the interest shall
go outright to the beneficiary. If the beneficiary dies before
reaching that age, the interest shall constitute a part of the
beneficiary's estate. Also, while the beneficiary is a minor, any
part of the interest may be distributed to a custodian (selected
by my Trustee) for the beneficiary under the Commonwealth of
Virginia Uniform Transfers (Gifts) to Minors Act (21). These are
powers only and do not prevent absolute vesting of the interest in
the beneficiary.
Article III
Payment of Debts and Other Charges .
I direct my Executor to pay my debts and my funeral and
burial expenses (including the cost of a monument or marker over
my grave). My Executor shall not seek contribution from my wife on
our joint debts. Notwithstanding these provisions, if my wife
wishes to receive our principal residence subject to any debt
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against it and if this can be accomplished without undue
difficulty in administering my estate, the property may pass to
her subject to the debt. The estate, inheritance, and similar
taxes assessable on my death (including taxes on assets not
passing under this will) shall also be paid as a cost of
administering my estate and my Executor shall not request any
beneficiary to pay any part of such tax.
Article IV
Miscellaneous Provisions
Spendthrift Trust . To the extent permitted by law, neither
the principal nor income of any trust shall be liable for the
debts of any beneficiary, or, except to the extent otherwise
specifically provided, to alienation or anticipation by a
beneficiary.
Matters of Interpretation . For simplicity, I have expressed
pronouns and other terms in one number and gender, but where
appropriate to the context these terms shall be deemed to include
the other number and genders. The headings are for convenience and
shall not affect interpretation.
Article V
Appointment of Fiduciaries and Powers
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I name my wife, YYY, to be my Executor. Should she fail or
cease to act, I name AAA to be my Executor and my Trustee. If
administration of my estate should be necessary in any
jurisdiction in which my Executor and my Trustee are unable to
qualify, I give to my Executor and my Trustee the power to
designate any individual or corporation with trust powers to serve
with my Executor and my Trustee or in my Executor's and my
Trustee's stead. I request that no security be required of any
Executor or Trustee, including an Executor and a Trustee named
pursuant to the preceding sentence. References in my will to my
"Executor" and my "Trustee" are to the one or ones acting at the
time, except where otherwise specifically provided.
In addition to the powers granted by law, I grant my Executor
and my Trustee the powers set forth in Virginia Code § 64.1-57,
and I incorporate that statute in my will by this reference. My
Executor and my Trustee may distribute tangible personal property
passing to a minor to any adult person with whom the minor
resides, and that person’s receipt shall be a sufficient voucher
in the accounts of my Executor and my Trustee.
Article VI
Guardianship
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If my wife does not survive me, I name GGG to be the guardian
of the person of each of my minor children. Should GGG fail or
cease to serve, I name HHH to be the guardian of the person of
each of my minor children.
I have signed and sealed my will consisting of six (6)
typewritten pages (not including the self-proving affidavit on the
following page) on this _______ day of ______________, 2006.
_______________________________
XXX, Testator
The Testator signed, sealed, and declared this as the
Testator's will in our presence on the date shown above. At the
Testator's request we have both signed our names as witnesses. All
of this occurred at the same time, and we and the Testator were
present together throughout.
___________________________ _______________________________
Witness Address
___________________________ _______________________________
Witness Address
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STATE OF VIRGINIA )
)ss.
CITY/COUNTY OF __________________)
I, the undersigned, an officer authorized to administer
oaths, certify that XXX, the Testator, and _______________________
and ____________________________ the witnesses, respectively,
whose names are signed to the attached foregoing instrument,
having appeared together before me and having been first duly
sworn, each then declared to me that the Testator signed and
executed the instrument as his Last Will and Testament, and that
the Testator had willingly signed, and that he executed it as his
free and voluntary act for the purposes therein expressed; and
that each of the witnesses, in the presence and hearing of the
Testator and at his request, and in the presence of each other,
signed the Will as witnesses, and that to the best of their
knowledge, the Testator was at that time eighteen (18) or more
years of age, of sound mind, and under no constraint or undue
influence.
IN WITNESS WHEREOF, I have hereunto subscribed my name and
affixed my official seal this ______ day of ________________,
2006.
__________________________
Notary Public
My commission expires:
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