My executor shall have all other powers granted by me to my trustee in Article XIII and
by the State Probate Code to fiduciaries. In addition, I empower my executor, without order of
court and without notice to anyone to settle, compromise or pay any claim, including taxes,
asserted in favor of or against my estate; and to permit any of the beneficiaries hereunder to
enjoy the use in kind, during the administration of my estate, of any tangible personal property
without liability on the part of the beneficiary for unintentional,
consumption or loss of the property so used.
WAIVER OF COURT REPORTING
I expressly waive any requirement that the trustee of any trust created by this Will
qualify or file reports, either interim or final, with any court; provided, however, that the trustee
or any beneficiary may invoke the jurisdiction of any proper court at any time it is deemed
advisable. The trustee shall, at least annually, make an accounting to all beneficiaries, and the
approval by a beneficiary, or his or her parent, legal guardian, or conservator, shall release
and relieve the trustee from further responsibility or liability with respect to that beneficiary, and
his or her heirs and assigns, for its actions during the period covered by the accounting.
POWERS OF TRUSTEE
The trustee shall have all powers necessary for the proper administration of the trusts
created by this Will that shall be in addition to those powers provided by the State Probate
Code. In extension but not in limitation of any power otherwise possessed by the trustee, it
shall have, without the necessity of notice to or approval of any court or person, the following
To retain any or all of the securities and properties transferred to or acquired by
the trustee hereunder, so long as the trustee may deem such retention advisable
or expedient, regardless of whether said securities and properties are of the kind
and nature authorized by law for investment.
To invest and reinvest the available funds of the trust estate in, or exchange trust
assets for, such securities and properties as the trustee deems advisable
regardless of whether such securities and properties are of the kind and class
authorized by law. Without in any way limiting the generality of the foregoing, the
trustee may invest or reinvest the available funds in, or exchange trust assets for,
common and preferred corporate stocks, bonds, notes, debentures or other
evidences of indebtedness or fractional interests in the same, interests in any
kind of an investment trust or any beneficial participation units in any common
trust fund maintained and operated by any corporate trustee acting hereunder, or
in any other kind of real or personal property.
To retain cash funds not invested for such reasonable periods of time as the
trustee shall determine; to deposit cash funds as a general deposit in a special
account in the deposit department of any corporate trustee acting hereunder
without liability for interest thereon.