Products tagged with 'will clause'

Grant a life estate in a residence to your spouse with this free Will Clause. The clause is generic and can be used in wills in many different countries.

Will Clause Granting Life Estate in Residence to Spouse

To hold whatever house and property I may own and be using as a home at the time of my death as a home for my --(husband, wife)-- until --(his, her)-- death or until --(he, she)-- shall in writing advise my Trustee(s) that --(he, she)-- no longer desires to have such property held for --(him, her)--, whichever shall first occur, when the said property shall fall into and form part of the residue of my estate. My --(husband, wife)-- may at any time direct my Trustee(s) to sell such property and with the proceeds of such sale provide another house and property for --(his, her)-- use, occupation and enjoyment, and so on from item to time.

All taxes, insurance, repairs, mortgage interest and any other charges or amounts necessary for the general upkeep of the said property while it is held for my --(husband, wife)-- shall be paid by my Trustee(s) out of my general estate, and I will and declare that my Trustee(s) may in --(his, her, their)-- uncontrolled discretion make such payments or any of them out of the capital or income or in such proportions as --(he, she, they)-- think(s) fit.

Direct your trustee to name a special executor in another jurisdiction with this free Will Clause. The clause is generic and can be used in wills in many different countries.

Administration of Assets Outside of Jurisdiction.

I EMPOWER my Trustee to appoint a person or corporation living or carrying on business in any country or jurisdiction where any asset or liability of my estate is situated as a special Executor and Trustee of my said Will for the purpose of administering my estate in such country or jurisdiction.

Appoint a trust company as a trustee with this free optional Will Clause. The clause is generic and is not specific to any state, province or country.

Appointment of Trust Company as Trustee

My Trustees are hereby authorized, if they wish to do so, to appoint a Trust Company to manage my estate or to act as their agent in respect of the management of my estate and from time to time in their discretion to terminate any such appointment and make another.

This free optional Will Clause directs that compensation be paid to the executor under a compensation agreement signed during the testator's lifetime.

Download the digital file or just copy and paste the following text.

I DECLARE AND DIRECT that my Executor _______________________ shall be entitled to receive and shall be paid out of my estate as compensation for acting as Executor and Trustee of and under this my Will the fees, reimbursements and other compensation provided for in the Compensation Agreement between _______________________ and me signed on the ____ day of ________, ________ and prior to the execution of this my Will.

Download this free Preamble to a Will made in contemplation of the testator's impending marriage.

• Under most legislation in Canada, if you make a Will before marrying or entering into a civil union, the Will is automatically revoked when you marry, unless you specifically state that you are making your Will in contemplation of marriage.
• This Will preamble can be used in all provinces and territories of Canada EXCEPT Quebec.
• Available in MS Word format.
• Intended to be used only in Canada.

This free Will Clause gives the Trustee the power to act on joint election on behalf of any minor beneficiary with a parent or guardian of the minor.

You can download the digital file or simply copy the text below and paste it into your Will template.

JOINT ELECTION
(My Trustee shall have the power)
(#). For the purpose of designation by joint election with any preferred beneficiary during minority as to the part of accumulation income of my estate to be included in computing such beneficiary's income, TO ACT UPON any joint election with any Parent or Guardian of that beneficiary without consequential liability to any beneficiaries of my estate. Further, following any joint election with any beneficiary regarding the part of accumulation income of my estate to be included in computing such beneficiary's income, TO PAY ANY TAXES wheresoever leviable in respect of the same. Any payment so made shall be charged either against the expectant presumptive or vested share of such beneficiary in the capital and income (or either) of my estate or generally against the capital or income (or either) thereof that has not previously vested in possession so that any resultant loss falls proportionately on all interests therein as is fitting in the circumstances.