Last Will And Testament Of Page 3

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THIRD: I give, devise and bequeath all the rest, residue and remainder of my
property and estate, both real and personal, of whatever kind and wherever located, that I own or
to which I shall be in any manner entitled at the time of my death (collectively referred to as my
"residuary estate"), as follows:
(a) If my wife ** survives me, to my wife outright.
(b) If my wife does not survive me, then to my son/daughter if he/she survives
me, or if he/she does not survive me to any then living issue of my son/daughter,
in equal shares per stirpes.
(c) If my wife does not survive me and there shall be no issue of mine then
living, I give, devise and bequeath my residuary estate to those who would take
from me as if I were then to die without a will, unmarried and the absolute owner
of my residuary estate, and a resident of the State of Missouri.
FOURTH: If any property of my estate vests in absolute ownership in a minor or
incompetent, my personal representative, at any time and without court authorization, may:
distribute the whole or any part of such property to the beneficiary; or use the whole or any part
for the health, education, maintenance and support of the beneficiary; or distribute the whole or
any part to a guardian, committee or other legal representative of the beneficiary, or to a
custodian for the beneficiary under any gifts to minors or transfers to minors act, or to the person
or persons with whom the beneficiary resides. Evidence of any such distribution or the receipt
therefor executed by the person to whom the distribution is made shall be a full discharge of my
personal representative from any liability with respect thereto, even though my personal
representative may be such person. If such beneficiary is a minor, my personal representative
may defer the distribution of the whole or any part of such property until the beneficiary attains
the age of twenty-one (21) years, and may hold the same as a separate fund for the beneficiary
with all of the powers described in Article SIXTH hereof. If the beneficiary dies before attaining
said age, any balance shall be paid and distributed to the estate of the beneficiary.
FIFTH: I appoint my wife ** to be my personal representative. If my wife does
not survive me, or shall fail to qualify for any reason as my personal representative, or having
qualified shall die, resign or cease to act for any reason as my personal representative, I appoint
** as my personal representative. If my estate is administered in the State of Missouri, I
authorize my personal representative to administer my estate independently pursuant to the
provisions of the laws of Missouri. The decision to administer my estate independently or under
court supervision shall be made solely by my personal representative. I direct that no personal
representative shall be required to file or furnish any bond, surety or other security in any
jurisdiction.
SIXTH: I grant to my personal representative all powers conferred upon personal
representatives and executors wherever my personal representative may act. I also grant to my
personal representative power to retain, sell at public or private sale, exchange, grant options on,
invest and reinvest, and otherwise deal with any kind of property, real or personal, for cash or on
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