business contract: will/testament

VI

My executor shall have the following additional powers with respect to my estate, to be
exercised from time to time at my executor's discretion without further license or order of
any court.

 

Business Interest

 

To sell or otherwise liquidate, or to continue to operate my executor's discretion, any
corporation, partnership or other business interest received by my estate.

 

Property of My Estate

 

To retain any and all property and securities of my estate in the name of my executor as
executor or in my executor's own name.

 

Retention of Assets

 

To retain all property and securities of my estate for as long as my executor deems
advisable.

 

Management of Estate

 

To invest, lease, rent, mortgage, insure, repair, improve or sell any and all real and
personal property belong to my estate as my executor deems advisable.

 

Mortgages, Pledges and Deeds of Trust

 

To enforce any and all mortgages, pledges and deeds of trust held by my estate and to
purchase at any sale thereunder any such real or personal property subject to any
mortgage, pledge or deed of trust.

 

Litigation

 

To initiate or defend, at my executor's discretion, any litigation affecting my estate.

 

Attorneys, Advisors and Agents

 

To employ and to pay from my estate reasonable compensation to such attorneys,
accountants, brokers, and investment, tax and other advisors as my executor shall deem
advisable.

 

Adjustment of Claims

 

To submit to arbitration, to compromise or to release or otherwise adjust, with or without
compensation, any and all claims affecting the trust estate.

 

 

 

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