Download - Allan Haymes April 20, 2005 Will.pdf
-
WILL
OF
ALLAI.{ HAYMES
'l,eU,aNHeyl4gs,aresidotofanddomicilediapelaBeachCounty,Floridq declarc
. ARTTCLE I. E)rBqEj oJ' LAST ILTNESS
AND FI'.TNERAL
Clause l. I dirt*t tbe payrrent ofthe expenses of my last illness antl frlneral.
Clduse 2. I direct that my body be sremated following my death-
ARTICLE tr. GITT OF HOUSEHOLD AI{DPERSONALEEFBCTS
Clause 1. Separate Writing. I give all ofmy automobiles, household a111l' personal eftcts,andottrertangiblepersonalpropertyoflikeaaturgtogetherwithallpropertyand casualty
inq:rancethereonandclaimswitUregardttrereto,inaccordancewith aurittenshtexnEutwhichlmaybave
preparedpriortomydeathinconformitywithFloridalarv. MyPersonalReprreentativesmayassumethat
no written statement exists if none is found within 30 days after admission of this Will to probate.
Clause2. GiftlgDauehter. Exceptasotherwiseprovidedinanyzueh written
statement, I give my automobiles, household andpersonal effects, and other tangible personal property
oflikenatqre, togetherwithallpropeltyandcasualtyinsurancethereonandclaimswithrffidthercto,to
my dauglrter, LOIS IIAYMES.
HAYo00001
-
roperly are disposed ofbythis Article\I givb my Personal RepesentativesL--'- ( '
astowhichitmsofpersonalpropertyaredisposedofbythisArticle\IgivbmyPersonalRepresentatives.-.
discretion to deter,i'e the properry ineiuded t. ",]l
ARTICI,EM . PROVISION FORTA}GS
AIlFederal, Staleandotberta:{es,includinganyinterestorpenaltiesrpsJablebecarse
ofmydeathwithrespecttopropertyincludedinmygrossestateforta"xpurposesaadpassinguaderthis
. Will shaltbepaidotheartentaillintbenannsrpnxidedintbeAgremmtoffrot*f*atoinArticle
IV ofthis Will, as if suctrtaxes were administration.expeilres'
ARTICLEIV. TiSPOSTNONOFRESIDUESubjecttotheforegoing;Igivealltherest, residue andrmainderofmyestrate, real
andpusonal,totheTn:sEesthensemingundertheAgreementofTnstofrlfuichlamSettlorandTrustT,
dated May 3 0, 2003 , for administralion and clisilibrfiou as part oftrust principal and srbject to the tems
and provisions of mid agreemen! inclyfing any alHations or amendments themfo. In an instance q&qe
asbreofmyestabwouldbedisfiibutedtoabeneficiaryofsuchtnrstwhenreceivedbytbeTnrstees,my
Personal Representatives may make dishibt$ions directlyto zuch beneficia{y'
. Clause3. Co*ingent$SlgTssBrceptasotberrruiseprrovidedforinanyzuch
writtenstatement referredtoinClause I ofthisArticle, andinthe evelrtmydugfuter,LOISHAY:I\iES,
doesnotsurvivemelgivesuchpopertytotheTn steesthenservingundertlefreememoflnrstrefeEed
to in Article IV of this Will.
Clause4. Inchrdableep@. HousehsldandperstaleesEandofiheraagible
personalpr,opefiyoflikenatrreshallnotincludecashorseourities,andinthewedofanydoubtordi.spute
-L
HAY000002
-
ARTICLE V. PROTECTIVE PROVISION' No interest utder this Will, whether in income orpriucipal, shall be subject to
anticipation,assigDmeotpledge,saleortanderiaanymrnrrer. Nobe,ndciryshallanticipate,encrmber
orohrgesuchinteresgnorshallanysuchiaterestwhileinthepossessionofmyPusonalPepresemativeq
be liable for or subject to the debts; contracB, obligations, liabilitie5 or torts of auy beneficiary.
ARTICLE YI. DISABILITY OF BENMCIARYClause 1. / trtyfersonatRepresentativesintheirdiscreticmmaydeterminethat at-a
such individual is entitlflClause 2- Ifany beneficiaryhereunder is unds the age ofThirty (30) Fars, or
- pr.nsuantto Clause t hereofhasbeendeterminedtob"ir."pu"iE CyPersonalRepro*t tiuo]duringL-Jr
, : saidincapacity, oruntil suchbeneficiaryattainstheageoflhirt5r(30)years, asthecasemayb\'shallhold
any poperty or income to raihich srch individual is eerritld IN TRUST, for suc! individual and imay apply
withorr &e inten ention of a guardian all or part oftb income and/or principal tbererifas in their opinion
is necessary for the zupport, education, health and maintenance of such indirtd;i The receipts &omJpersons selected by my Personal Representatives to receive and disburse such principal or income shall
ftlly disehage my Personal Representatives with regard thereto.
ARTICLE VII. SURVWAL PROVISIONIntheeventtbatanybeneficiayhereundershslfailtos:rvivemeby aperiodofatleast
sixty (60) days, it shall be presumed that such beneficiary predeceased me.
-J- ,*w
HAY000003
-
ARTICLE YItr. POWERS OF PERSONAL REPRESENTATTYESSubjecttoanyspecificdirectioninthislfr/illandinadditiontothepowers vestedin(
therabylawandotherprovisionsofmyWilgPersonalRspreselrtativesservinghereunder atanytime
inadministeringmyesUteshallhavethefollowingpowerge,rercisableintheirdiscretionwithoutcorut
apprgval and effective unfil actual distribution of Af prop"rty.lI
Clause 1. . .ProperlYRetentionan4 InvesbroenB.
(a) Notwithsundingtbeprovisions ofFloridaSt*rrte $518. t 1, andits successon, or any other stahrte or rule regar
.ding invesbnents by Personal Representatives and witboE.
regardtorisl(,productivrty,growthofprincipaloranyshhrteorprincipleofdiversificdion: toreuinanyr
orallpropert5r;andtoinvestinallfomrsofpropertdwithoutrcstrictionorlimitationtoinvestneuBafrorired-\ L-
for Personal Representatives. ((b)'r,MyPersonalRe,presentativesshallnotbave any obligationto
rent my residence &uing the period of adminisEarion.
' Clause 2. IJSCdI@irrg. To hold shares ofstock on other seqldties in nomineeregisffiionfoun,includingthatofaclearingcorpomtionordepository,orinbookentyfumorumqistered
or in such other forrr as will pass by delivery.
Clause3. OlspgsitiongfhgerE Withregardtoanypopotyandfonsch pnices
anduponsuchtermsastheydetrrmine: toexchangeorsellatprrblicorprivatesale;toleaseforanyperiod
oftime,eventhoug[thetermmayextendbeyondtheconclusionoftheadministrationofmyestate; and
to give options foqany such sales, exchanges or leases. .
4-
HAYo00004
-
Clause 4. BorrowMoneyeglPle4geProperty. Toborrowmoneyfrom anyperson, including anyPersbual Representativg and in connectiontherewit[ to mortgage or pl"dg" *yproperry.
Clause 5.. ..:- Coryromis Claims qpdl\rldce pim'laimN, To cmrpromise any claim
or controversy and to make and file diselaimers for me or my estate witbout Corrt au&orization
Clause 6. -
AbandonmentdPggp4. To abandonanypropertyforany reason
my Personal Representatives deem proper.
.:cashand/oriukid,andtoalloc*especifcassetsambug&ebene,ficiariesheretmderinzuchproportions
as my Personal Representatives think b"il/. Clause 8. . -Erqplpyment fsengagedome5s,sccoutrtants, custodians,
inveshentcorgselardotherpersonsastheydeemadvis4bleintheadminisffiionofmyestate andtomake
paynent thbrefor as they determine.
' Clause 9. AnPortiontrrepts.(a) Toallocatereceipts,incomgorpensesanddisbursementsto
principal orincome,orprtlytoeacb,asmyPersonalRepresentaives, oithsthanaPersoralRepresentative
havingabeneficialinterestinanysrchallocdion,atanytimeand&omtimetotime,intbeirdiscretionmay
dete, ire,orotberuuiseinaccordwithapplic.ablelaw, andthispowertoallocatesballinclude,butnotbe
limited to, stoc! extraordinary and iiquidating dividenils, premiums and discounts on investments,
compensationforprofessiouilandotherpersonal services, andgainorloss ou di$ositionofassets; and
HAY000005
-
r(b) ljb allocate depeciation and amortizationorpenses, incluaiaesuctrenpenseshkenbyapartnership oumingdepreciableassets,toincome orpiacipal,orpartlyto eacb,
andtothe ortentsuchallocdiouismadetolrincipal,myPoiorulRepresentativesre directedtoestablish
altd to ftnd a reserve equal to zuchprincipal aliocation, which shaU be added to irnd made.a part of
pio"ipilClause 10. Elesrio$RetdingETsxe. NottvithsudiqgthatadftioDaltar br:rdeos
mayrezult, or that the size of the gift or interest passing to anybeneficiary or trust may be affectedby...
taxes pa;rable as a result, of the exercise or nonexercise of any of th9 followne nolvers:
(a) Toelestaltsmatevaluationofmyesatei:*oSeition2032ofth.elntemalRevenuecodeoranysimilarprovTt*:*:
.. .F -
;r -F r_ _r--,.
- (b) - Toallocdealryfederaloremptionfrmrthefderalgeneration
skipping tansfer ta:r to any propaty with respect to which I am the transfero, fo, prlposes of said ta:r
(whetherornotsgchpropertyisincludedinmypobateestate)andtoexcludeanysuehpopertytomsuch
allocation
Clause 1 I . Optidnal Treatr.ne,ntsfDgduet-!9gs. To exertise any option providd
bylawtotedadrninisfationordlerocpeosegwhetherpaidftomprincipalorAomincome,asitemsof
deductiononeitbertbeincomeExre0regoresbtetaxrehlrtrs,withn*requiringrcimbunernentofprincipal
foranyresultingincreaseineshtetan,provided,howwerlthatifanyPersonalRepresentatives are notl-,beneficiaries, sgchpersonalRepresentatives shallbesolelyresponsiblefor srrchdecisionto exereisethis
-6-
HAYo00006
-
rClause 12. ExeqdiongfDAgX!ru{TootecUeanddeliveranyandall doormrs\ '\.
and insbnments r,\lhich they intheir discretion may deem advisable. )'*(J**-\JClause 13. CenmtArltoritN?perform allacqinstitttezuchgoceqdings and
exercise'allrightsandpdvilegs,afthoug[notkreinryeciflcallymentiod,withreldiontoanypmpety;e-\
as if the absolrrte owners thereof. lI
Clause f +.]CdUdgg@Powers. In additionto other limitations 9n the powers
\. .
:
ofpersoualRepresentirtives containedinthisWill,noi:rovisioninthis Will"hallbsconstueiltopermita
personal Representativetotakepart inanydiscretionrydecisiontodishibute incomeoiprincipal toor
for tbe benefit of abeneficiary in satisfaction ofany legal obligation ofsuch Personal Represerntative tq
support zuch beneficiary'
. : Clause 15. W.maraudAIbi$ Upmunadmorsrvritenagreems*,myP.erwal
Repesentativesmayartrhorizeanyoneormorcthanoeofthepqsoqalrepestfdivgstosignchecksand
other instnrmelrts to make withdrawals from anybhecking, savings, money markef brokerage or otber
accounl
ARTICLE D(. A}POINTMENT OF PERSONALREPRESENTATTVES
Clause 1. Appoinurentgff!ffsonalRepr .ffintdiy.e IapPointmydaughtr, I,OIS
IIAYMES, Personal Representative of this Will-
Clause 2. Suscessor Peryonal Representativs. Should my daugbter, LOIS
I{AyME^S,friltoqrulifyorceasetoactasPersonaiRepreseotdivelappointmynepkrr,t}dARKERIES'
to serve in ber place.
-7-
H4Y000007
-
Clause 3 . $ejlg gfSeEISIy. No personal Representative shall be required togive bond or fumish sureties in anyjurisdiction.
-'.f ;,Clause4..., . Traruab,tionr.y!$,Related PqsoqS or.Entities. MyPersonal\_\
Repesartativesmayenterintoanycontac!orother.tran-castionwithrmyentityinvhicbauyone ormore
ofthemhas anyinterestas apropiaor, fiduciry,benefieiary, ernployee,parhe.r, soc}drlder, directoror
officer.,-l
shell [s\,Eanyliabilityqrcptforhiiorherovndishonesry, possnegligence, ortL"wiilftlcommissionof
, qq 3ct kugxp byhim or hllto be a breach of tust.
ARTICLEX. CONSTRUCTION
i. ,."r.:, , Clause l.',.:....As used hereir\ t'herever the context requires.or permits,
':'r.,-+:,:'-;j..-,-thsgendeandn:mbero,fwords*hallbeintachangeeble;bneficiadesshalliucludelegateesanddwisees;
Pers:onaLRepresetrativesshallircl,.rdeallPersonalRepesentativeqservingberetrnderatanytire; tlreword
"discretioq" rmless othennisee:cprastytimitedherein, shallmeanthesoleancl,absoluterigfuqpowerand
' authority to make a detern:ination which shall not be subject to questiou by any pcmon and shall be
. conclusive and biding on at p"rsoru; anO no anli-lapse or other stahrte regarding devolfiion ofproperty
shdl apply to any giff herernder $&ich is conditicined upon survivdl of the beneficiary of such gift.
Clause 2. . Allheadingspr-ccedingthetextof&eseveralArticltx, Clauses andSub-paragnphshereofaeinsprtedsoldf-orreferencemdshallnotcon$inteapartofthisWlll,norafed
. its meaning, conskuction or effect
-8-
HAY000008
-
IN WIrNESS WHEREOF, I, ALLAI.I lIAYMES,havesetmyband and seal tothis, my
Ia.stryillconsistingofnine(9)p go,tdi, h aa1ot-8*4&-,TwoThousandFive(2005).
SIGii.IED,SEALED,PUBLISHEDandDECIdREDbyALLAI.IIIAYMES,Testator,asandfor
- - .bbLast$Aundfieshmeut,inthefresepceofps,"v&o,athisre,quEFLEhispeffeccrudmfte-pmqm.
of each other, aU being present at tbe same time, have hereunto subscribed oltr rurre$ as witresses.
fi-^*r-* g cba t@q*t Po{* e,/
-9-
-
STATE OF ELORIDACOUNTY OF PALM BEACH
I,ALIAI{HAY-IvlBs,declaretotheofrcert"kingmyacknOwledgmemofthisinstnmeotand to tbe subscribing wihxesses, tbat I signed this.instrument as my will.
wq|g{4{{-| ft"z arrd *te.el* tLctnel,havebemswornbyihe officer'iitfringFelo\i[EnildeeftiretOtbEtoffietironttruathsthat':{tl;AN1ttYttdES'declaredtheinstrgmentto behiswillandsigneclitinoUpreseoceandthatweeachsignedtheinstrumentas alvitress
Acirnowledged and subscribed before me lytbe Testator, ALIAhI HAYMES, who is
))SS:)
as identification, and .
l*ro,t (nttwho is personally kuown to me or who has produced
ia"o,in"*ioi:---' 4r'** tL.*r r.nl who is personallv Ioownto me or who has'-,rt*
produced as identification, andsubscribedbyme inthepreseuce
ofALLANHAYMES andthe subscribingwitnesses, atoo Afo\ ?v b,ZOOS.
My Ccmmission expires:
pes133!!yjgown to me or who haq producedsworn to and subsc'dbed More me bytbewitnesses,
FIDOCTUEI.ITSII{iyB; EP\Pour Ovcr Will Altm z{rcS-wpd {*ffi#;:r,HAY0000'|0