Widow-Widower - Adult And Minor Children (Generic) {WILL 600}

LAST WILL AND TESTAMENT OF BE IT KNOWN TO ALL ON THIS DAY THAT, I, , Resident of County, State of , being of legal age and of sound and disposing mind and memory, and not acting under any coercion, menace, fraud, or undue influence of any person, do make, declare and publish this to be my Will. I HEREBY revoke and nullify all former Wills and codicils made by me and declare this to be my Last Will and Testament. ARTICLE ONE DECLARATION ABOUT MARRIAGE AND CHILDREN I was married to , now deceased. I am a natural / adoptive parent of the following child/children. I hereby declare that all of my children mentioned below are alive. Name: Date of Birth: Name: Date of Birth: Name: Date of Birth: It should be noted that the term child/children includes any child born to me or adopted by me, in the future, after the creation of this will. The provisions of this will shall apply to my future children in the same and equal manner as the children mentioned above. ARTICLE TWO DEBT DECLARATION AND EXPENSES I direct the executor of this will to pay all costs and expenses of my last illness and funeral expenses. I further direct the executor to pay all of my just debts that may be probated, registered and allowed against my estate. However, this provision shall not extend the statute of limitations for the payment of debts, or enlarge upon my legal obligation or any statutory duty of my Personal Representative to pay debts. ARTICLE THREE SPECIFIC BEQUESTS OF REAL AND/OR PERSONAL PROPERTY I, will, give and bequeath unto the persons, whose names and addresses are provided below, if he or she survives me, the property described below as the token of my love, affection and gratitude towards them: Name: Relationship: Address: City: State: Zip: Description of property bequeathed to this person: Name: Relationship: Address: City: State: Zip: Description of property bequeathed to this person: Name: Relationship: Address: City: State: Zip: Description of property bequeathed to this person: In the event of the person named by me in this article does not survive me, the bequest to such person shall lapse and the property shall pass under the other provisions of this Will. In the event that I do not possess or own any property listed above on the date of my death, the bequest of that property shall lapse. ARTICLE FOUR BENEFICIARIES I will, bequeath and give all of my property and estate of every kind and character, whether real, personal or both or any other kind of property in which I may have an interest at the date of my death and which is not otherwise effectively disposed of, to my child/children. Name of the Children] 1. 2. 3. 4. If I have more than one child and one of my children does not survive me, then the equal share set apart for that deceased child shall instead be distributed to his or her descendants, per stirpes. If one of my children does not survive me leaving no descendants surviving, then the equal share set apart for that deceased child shall instead be distributed to my other child, or if that child has also not survived me, then to his or her descendants, per stirpes. ARTICLE FIVE DISPOSITION OF RESIDUE I give, devise, and bequeath all of the rest, residue, and remainder of my estate, of whatever kind and character, and wherever located, to , provided that survives me. If does not survive me, then I give, devise, and bequeath all of the rest, residue, and remainder of my estate, of whatever kind and character, and wherever located, to as alternate. ARTICLE SIX GUARDIAN I hereby declare that at the time of my death if any of my children are under the age of years then the said child/children is/are to be considered minor in relation to this will In the event I shall die as the sole parent and guardian of my children who are minors at the time of my death, then I appoint as Guardian of said minor children. If the aforementioned person is unfit, unable or unwilling to serve in the capacity of guardian then I appoint as the guardian. The guardian shall have custody of my minor children, and shall serve without bond or undertaking. ARTICLE SEVEN TRUST FOR MINORS In the event that any of my children has not reached the age of majority and is a minor at the time of my death then the property conveyed to the said children shall be transferred to my Trustee by the executer. ARTICLE EIGHT TRUSTEE I hereby appoint , resident of county, State of to be the Trustee for the trust created for the minor beneficiaries through this will. If the aforementioned person is unfit or unable or unwilling to serve in the capacity of the Trustee then I appoint , resident of county, State of to act in the capacity of Trustee. ARTICLE NINE Duties of the Trustee The Trustee, mentioned in ARTICLE EIGHT as above shall hold and administer the assets of the Trust for the use and benefit of the Beneficiaries for the purpose of providing for their health, education and general welfare in accordance with their accustomed standard of living as much as is possible, considering the value of the Trust property and their other sources of income, in the following manner: 1. Personal and real property may be maintained for my Beneficiaries or converted to cash as my Trustee shall determine. 2. I direct that my Trustee administer hereunder any funds coming into the hands of my Beneficiaries pursuant to any life insurance policy insuring my life. 3. If it so occurs that any property is payable outright to a person who is a minor, the Executors of this instrument, may without court approval, pay all or part of such property to a parent or guardian of that minor, to a custodian under the Uniform Transfers to Minors act, or may defer payment of such property until the minor reaches the age of majority, as defined by his or her state of residence. No bond is necessary for such payments. 4. When each beneficiary reaches (number) years (discretion of Trustee), the Trustee shall distribute to or for the benefit of the named Beneficiaries, such portions of the income and principal of the Trust as he or she in his or her sole discretion shall determine to be necessary to accomplish the purposes of this Trust. The Trustee may make such distributions as often or as seldom as he or she may determine in his or her sole discretion without the necessity of any court authority or approval, this being a private trust. 5. When the youngest Beneficiary reaches the age of [number] years, the Trustee shall distribute all of the remaining Trust property including principal and accumulated income to the Beneficiary and this Trust shall terminate. 6. If in case any of the above named Beneficiaries dies before the final date of distribution and that deceased Beneficiary has any living issue, then the Trustee shall hold only that portion of the Trust property attributable to said deceased Beneficiary beyond the distribution dates as provided above, and administer the said Trust property for the use and benefit of said living issue. The Trust as to said living issue shall terminate and the Trustee shall distribute all of the remaining Trust property in equal shares to said living issue, when said youngest living issue reaches the age of [number] years. 7. On the date of my death, if my youngest Beneficiary is over [number] years of age, then this Trust shall be inoperative and my entire estate shall be distributed to said Beneficiaries as provided in ARTICLE FOUR. ARTICLE TEN SIMULTANEOUS DEATH OF BENEFICIARY If any beneficiary of this Will, including any beneficiary of any trust established by this Will shall die within 60 days of my death or prior to the distribution of my estate, I hereby declare that I shall be deemed to have survived such person. ARTICLE ELEVEN BENEFICIARIES AND THEIR CREDITORS If any of the Beneficiaries mentioned in this Will are liable to any debts, then neither the principal nor the income of any Trust provision contained in this Will nor any part of same shall be liable for the debts of any Beneficiary hereunder, nor shall the same be subject to seizure by any Creditor of any Beneficiary, and no Beneficiary therein shall have any power to sell, assign, transfer, encumber, or in any mann