Last will & testament - Essay Example

Last Will and Testament of Sonny Bono Last Will and Testament of Sonny Bono, Deceased Filed January 5, 1998 I, Sonny Bono, a resident and citizen of Detroit, USA, being of sound mind and disposing memory, do hereby make, publish, and declare this instrument to be my last will and testament, hereby revoking all wills and codicils by me at any time heretofore made.Item IDebts, Expenses and Taxes I direct my Executor, to pay all of my matured debts and my funeral expenses, as well as the costs and expenses of the administration of my estate, as soon after the occurrence of my death (Presley, 1977).

I further direct that all estate, inheritance, transfer and succession taxes which are payable by reason under this will, be paid out of my residuary estate; and I hereby waive on behalf of my estate any right to recover from any person any part of such taxes so paid. My Executor, in his sole discretion, may pay from my domiciliary estate all or any portion of the costs of ancillary administration and similar proceedings in other jurisdictions.Item IIReal Estate In my position of being the owner of any real estate at the time of my death, do instruct and empower my Executor and my Trustee (as the case may be) to hold such real estate for investment.

They may sell same, or any portion thereof, as my Executor or my Trustee (as the case may be) shall in his sole judgment determine to be for the best interest of my estate and the beneficiaries thereof.Item IIIExecutor and Trustee I appoint as executor of this, my last will and testament, and as Trustee of every trust required to be created hereunder, my said mother, Jean Bono. I hereby direct that my said wife shall be entitled by her last will and testament, duly probated, to appoint a successor Executor of my estate, as well as a successor Trustee or successor Trustees of all the trusts to be created under my last will and testament.

If, for any reason, my said mother be unable to serve or to continue to serve as Executor and/or as Trustee, or, be deceased and shall not have appointed a successor Executor or Trustee, by virtue of her last will and testament as stated above. Then I appoint my wife, Mary Bono (Biographical Directory of the United States Congress, n.d.), as successor Executor and/or as successor Trustee of all trusts required to be established hereunder. None of the appointees named hereunder, including any appointment made by virtue of the last will and testament of my said mother, shall be required to furnish any bond or security for performance of the respective fiduciary duties required hereunder, notwithstanding any rule of law to the contrary.

ReferencesBiographical Directory of the United States Congress. (n.d.). Biographical Directory of the United States Congress. Retrieved from Biographical Directory of the United States Congress: http://bioguide.congress.gov/scripts/biodisplay.pl?index=b001228Presley, E. (1977, August 2). Last Will and Testament of Elvis A. Presley. Retrieved from Last Will and Testament of Elvis A. Presley: http://www.ibiblio.org/elvis/elvwill.html