HomeMy WebLinkAbout09-01-11 (2) _
- _
..__l
LAST WILL AND TESTAMENT
OF
GERALD R . Z INIl~lERNiAN
I, GERALD R. ZIMMERMAN, of Mechanicsburg, Cumberland
County, Pennsylvania, make, publish and declare this as and for
my Last Will and Testament, hereby revoking all other Wills and
~ codicils heretofore made by me.
y FIRST: I devise and bequeath all the rest, residue and
remainder of my estate of whatever nature and wherever situate,
including any property over which I hold power of ag>pointment and
r
together with any insurance policies thereon, in equal shares, to
• my children, JEFFREY M. ZIMMERM.AN and JERE D. ZIMMERNlAN.
SECOND: Should JEFFREY M. ZIMMERMAN prede<ease me, I
give and bequeath his share as follows:
a
(A) One-third thereof to my daughter-in-law, AMY
ZIMMERMAN, provided, however, that should she predecease me, I
direct that her share shall pass, in equal shares, to KARENSA
ZIMMERMAN and PAUL ZIMMERMAN.
(B) One-third thereof to my grandson, PAUL
ZIMMERMAN, provided, however, that should he predecease me, I
direct that his share shall pass to his .issue per :~tirpes by
representation.
(c) One-third thereof to my granddaughter,
KARENSA ZIMMERMAN, provided, however, that should she predecease
me, I direct that her share shall pass to PAUL ZIMMERMAN.
THIRD: Should JERE D. ZIMMERMAN predecease me, I give
and bequeath his share onto his wife, JANICE ZIMME,RMAN, and if
there be a failure of same, then I give and bequeath his share
unto his issue per stirpes by representation.
t
l
a '
1
FOURTH: In addition to all powers granted to them by
law and by other provisions of this Will, I give the fiduciaries
acting hereunder the following powers, applicable to all proper-
ty, exercisable without court approval and effective until actual
distribution of all property:
(A) To sell at public or private sale, or to lease,
for any period of time, any real or personal property and to give
options for sales, exchanges or leases, for such prices and upon
such terms (including credit, with or without security) or
conditions as are deemed proper. This includes the power to give
legally sufficient instruments for transfer of the property and
H
~ to receive the proceeds of any disposition of it.
nN (B) To partition, subdivide, or improve :real estate
and to enter into agreements concerning the partition, subdivi-
lion, improvement, zoning or management of real estate and to
impose or extinguish restrictions on real estate.
~ (C) To compromise any claim or controversy and to
abandon any property which is of little or no value.
( D ) To inves t in al 1 f orms o f property , including
stocks, common trust funds and mortgage investment funds, without
restriction to investments authorized for Pennsylvania fiduci-
aries, as are deemed proper, without regard to any principle of
diT„erSifiC.:~tion, risJ: or productivity.
(E) To exercise any option, right or privilege granted
in insurance policies or in other investments.
(F) To exercise any election or privilege given by the
Federal and other tax laws, including, but not necessarily being
limited to, personal income, gift and estate or inheritance tax
laws.
(G) To make distributions to my herein named benefici-
aries in cash or in kind or partly in each.
2
I
1
-wr~~""n
(H) To borrow money from themselves or others in order
to pay debts, taxes, or estate or trust administration expenses,
to protect or improve any property held under my will, and for
investment purposes.
(I} To select a mode of payment under any qualified
retirement plan (pension plan, profit sharing plan, employee
stock ownership plan, or any other type of qualified plan) to the
extent the plan or the law permits them to do so, acid to exercise
any other rights which they may have under the plan,, in whatever
;'J manner they consider advisable.
FIFTH: I direct that all inheritance, estate,
~ transfer, succession and death taxes, of any kind whatsoever,
~a
which may be payable by reason of my death, whether or not with
res ect to ro ert
p p p y passing under this Will, shall be paid out of
the principal of my residuary estate.
SIXTH : I nominate and appoint my sons , ~TEFFREY M .
,E,~ ZIMMERMAN and JERE D. ZIMMERMAN, or the survivor a:~ between the
two of them, Co-Executors of this, my Last Will and Testament. I
direct that my Co-Executors, and their successors, shall not be
required to post security or a bond for the performance of their
duties in any jurisdiction.
IN WITNESS WHEREOF, I have hereunto set my hand and
seal to t~'i1S, my Laat vVill an~. Testu;Tie it, thl~ f,,4~da1r of
r ~i Z~=f 2 0 0
` 9 M, i
GERALD R. ZIMME
3
i
Signed, sealed, published and declared by the above-
named Testator as and for his Last Will and Testament in our
presence, who, at his request, in his presence and in the
presence of each other, have hereunto subscribed our names as
attesting witnesses.
Address
J,~
~
Address
4
f
4
1
I~
I`
I
A
I
1
1
1
I