Texas
WILL MANUAL
Service
Manual No. _ _ _ __
This Manual is for distribution exclusively to members of the Texas Bar.
TEXAS
COMMERCE
BANK
NATIONAL ASSOCIATION
P.O. ~ox 841
Lubbock, Texas 79408
TEX 3·86
Editors:
Charles O. Galvin, B.S., M.B.A., J.D., S.J.D.
Dallas, Texas
Centennial Professor of Law
Vanderbilt University
Member of the State Bar of Texas and the American Bar Association
Gerry W. Beyer, B.A., J.D., LL.M.
San Antonio, Texas
Associate Professor of Law
St. Mary's University School of Law
Member of the: State Bars, of Texas, Illinois and Ohio and the
American Bar Association
Collaborating Editors:
Elmer Lee Finger, A.B., LL.B.
David R. Bookstaver, A.B., LL.B.
White Plains, N. Y.
Pittsburgh, Pa.
Members of the New York Bar
The accompanying forms are prepared for distribution only to
members of the bar. No form can be a substitute for legal judgment;
therefore, the lawyer should make his 'own independent determination of whether or not the particular form will accomplish the objectives of his client. The forms are the result of much thought and
effort ; however, neither the publisher, the distributing bank, nor the
editors assume any responsibility for the results of use in individual
cases.
COPYRIGHT MARCH
1960
WILL MANUAL SERVICE
Publishers
rJouisville, Ky.
ii
TEX 3-86
TABLE OF CONTENTS
TAB
PAGE
Foreword ................................................................ .............
Statement of Policy ................. .... ...... .......... ..... ..................
How to use this Manual.. ............................... ....................
I-XVI
I
II
III
IV
V
VI
VII
VIII
IX
X
XI
XII
XIII
XIV
XV
XVI
XVII
vii
viii
IX
PROVISIONS FOR MOST WILLS
1-1
Exordium ........................................................................... .
II-l
Payment of debts, expenses and costs .............................. .
Payment of death taxes ..................................................... .
III-1
IV-1
Disposition oftangible personal property ........................ .
V-1
Specific and general bequests ........................................... .
VI-1
Devises ............................................................................... .
Power of appointment~xercise, non-exercise, disclaimer
or limited exercise thereof ............................................. .
VII-1
Disposition of residue in fee or to existing trust .............. . VIII-1
Community property ......................................................... .
IX-1
Separate property .............................................................. .
X-l
Marital deduction provisions ................................. ~ .......... .
X-3
Qualified domestic trust for non-citizen spouse ("QDOT")
X-l5
Disposition of the residue in a conventional trust ........... .
XI-1
Powers of Executor and Trustee ....................................... .
XII-l
Appointment of Executor-Trustee .................................. . XIII-1
Independent Administration ......................................... . XIII-1
Dependent Administration ............................................ . XIII-7
Testimonium ...................................................................... . XIV-l
Attestation ......................................................................... .
XV-l
Codicil ................................................................................ . XVI-l
ALTERNATIVE AND SUPPLEMENTARY PROVISIONS
Personal belongings~isposition of by reference to
memorandum .. ...................... ... ... ..................... .......... .....
Bequest to existing trust ........ .................................. ..........
Sole proprietorship-absolute disposition of ....................
Partnership interest-absolute disposition of ........ ... .......
Annuity-devise of .............................................................
Preferred legacies ...............................................................
Abatement of legacies ........................................................
Advancements/Satisfactions-not to be charged ..............
iii
XVII-l
XVII-2
XVII-3
XVII-5
XVII-7
XVII-9
XVII-9
XVII-lO
TAB
XVII
PAGE
Advancements/Satisfactions to be charged ....................... XVII-lO
Property insurance-disposition of ................................... XVII-ll
Common disaster-benefits for spouse conditional on
survival-"six months" provision ................................... XVII-ll
Common disaster-spouse presumed to survive .............. XVII-12
Self-declaration of guardian in event of later incompetence or need of guardian ........................................... XVII-12
After·born children-to share ............................................ XVII-14
After-born children-not to share ..................................... XVII-15
Adopted children-included .............................................. XVII-15
Adopted children-excluded .............................................. XVII-15
Step-children-included as children ................................. XVII-16
Step-children-not included as children ........................... XVII-16
Exoneration of successor fiduciary .................................... XVII-16
Merger of trusts .................................................................. XVII-17
Valuation of real property devoted to farming or closely
held business .............................. ..................... ................ XVII-17
living Will ..................... ................................................... .. XVII-18
Spendthrift provision ......................................................... XVII-20
Spray or Sprinkle and Discretionary trusts ..................... XVII-21
Invasion of corpus-unlimited power in income beneficiary XVII-22
Invasion of corpus-limited power in income beneficiary
(non-cumulative) ............................................................. XVII-23
Invasion of corpus-limited power in income beneficiary
(cumulative) ................................................................ .... XVII-23
Invasion of corpus-power in income beneficiary, limited
by ascertainable standard .............................................. XVII-24
Rule against perpetuities-avoiding violation of ............. XVII-25
Annuity trust-minimum payments regardless of income ... XVII-25
Small trusts-provision eliminating ................................. XVII-26
Consultant-designation of ............................................... XVII-27
Accumulation trust ............................................................ XVII-27
Legal life estate in residence-life tenant to pay
carrying charges ............................................................. XVII-30
Legal life estate in residence-trustee to pay carrying
charges ............................................................................ XVII-33
Residence-power to hold in trust .................................... XVII-34
Business interest-power to manage and control ............ XVII-36
Joint tax returns-power to execute ........ ......................... XVII-41
Minors or incapacitated beneficiaries-payment of
income or corpus to ......................................................... XVII-41
Payment of funeral expenses for income beneficiary ....... XVII-42
iv
TEX 2-98
TAB
XVII
PAGE
Tax returns-power to execute joint ................................. XVII-41
Minors or incapacitated beneficiaries-payment of
income or principal to ................................................. XVII-41
Payment of funeral expenses for income beneficiary ....... XVII-42
Income-distribution based on estate ............................... XVI-42
Common trust fund and mutual fund-investment in .... XVI-43
Trustee's stock-retention permitted................................ XVI-44
Trustee's stock-retention prohibited ............................... XVI-45
Consolidation or merger of corporate fiduciary ..... ........... XVI-46
Advisory Committee-creation of ........... ............. .............. XVI-47
Guardian of person and of property................. ................. XVI-48
Attorney-employment by Personal Representative ....... XVI-49
Removal of and resignation by Trustee .. .............. ........ .... XVI-49
Revoking previous will....................................................... XVI-51
Administration expenses-discretion to claim as
income or estate tax deduction ..... .............................. XVI-52
Maximum duration trust ..... ... ...... ...... .... ............ ... ............ XVI-54
Joint-survivorship property-confIrming title in
survivor ........................................................................ XVI-56
Instrument of anatomical gift ............................................ XVI-57
Disclaimer of all interest under will and in estate ........ ... XVI-59
Disclaimer of interest in particular property in estate .... XVI-61
Disclaimer of interest in inter vivos trust......................... XVI-63
Disclaimer of power of appointment .. ...... ............ ....... ...... XVI-65
Alternative gift upon disclaimer-designated
beneficiary ................................................................... XVI-66
Alternative gift upon disclaimer-any beneficiary .......... XVI-66
Expression of intent that homestead property pass
under Florida law..... ......... ... ............. ... ... ............... ..... XVI-66
Charitable remainder unitrust .......................................... XVI-67
Charitable remainder annuity trust ........ .............. ........... XVI-71
Valuation of real property devoted to farming or
closely held businesses ................................................ XVI-74
Extension of time for payment of estate taxes ................. XVI-75
v
TAB
XVII
PAGE
TRUST AGREEMENT FORMS
Living trust agreement-revocable ...................................
Living trust agreement-irrevocable ................................
Insurance trust agreement-unfunded, irrevocable
("Crununey" trust) .......................................................
"Marital deduction" trust agreement-revocable .............
Living trust agreement for minor-irrevocable ................
Qualified personal residence trust ....................................
XVIII
INDEX
XVII-I
XVII-7
XVII-II
XVII-I9
XVII-26
XVII-3I
XVIII-I
vi
TE X 2 - 98