Last Will And Testament Template Page 6
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11 Enforcement of Obligations
To enforce any deed of trust, mortgage, lien, or other encumbrance
held by the trust estate, and to purchase at any sale any property
subject to any such encumbrance
Adjustment and Settlement of Claims
To renew or extend the time of payment of any note or other
obligation held in the trust estate, and to adjust, settle, compromise, or
arbitrate claims or demands in favor of or against the trust estate, as the
Trustee deems advisable.
Litigation
To commence or defend, at the expense of the trust estate, any
litigation affecting the trust or any property of the trust estate deemed
advisable by the Trustee.
Administration Expenses
To pay all taxes, assessments, compensation of the Trustee, and
other expenses incurred in the care, administration, and protection of
the trust estate.
Employment of Attorneys, Advisers, and Other Agents
To employ any attorney, investment adviser, accountant, broker,
tax specialist, or any other agent deemed necessary in the discretion of
the Trustee, and to pay from the trust estate reasonable compensation
for all services performed by any of such employed persons.
General
To perform all of the acts and to exercise all of the rights, powers,
and privileges that an absolute owner of the same property would have
subject always to the discharge of their fiduciary obligations. The
enumeration of certain powers in this Will is not to be construed to limit
the general or implied powers of the Trustee
Failure of Trustee to Qualify or Act
If __________________________, appointed as Trustee under this Will,
fails to qualify or ceases to act as Trustee for any reason, then I nominate
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