Appendix Form #10

• Author: Jerold I. Horn
• Profession: Lawyer
• Pages: 793-797

793

[Will. Companion to Form #9.]

W I L L

I, PETER K. JOHNSON, of Peoria, Illinois, make this my Will and revoke all

prior Wills and Codicils.

Article I

Charges and Taxes

My Executor shall pay the expenses of my last illness and funeral, costs of admin-

istration with respect to property wherever situated passing under this Will or

otherwise and other proper charges against my estate. My Executor also shall pay

the estate and inheritance taxes (including any interest and penalty) that are payable

because of my death. My Executor shall make the payments, without apportionment

or reimbursement, from principal of my estate as an expense of administration.

Notwithstanding the preceding portion of this Article,

(A) I do not waive the right to reimbursement according to Section 2207

of the Code (and corresponding provisions of state law), and any correspond-

ing right to apportionment, of the taxes (and, whatever the source of the

rights, of any interest and penalty) that are payable because I have a power

of appointment;

(B) My Executor shall pay, and I waive the right to reimbursement accord-

ing to Section 2207A of the Code (and corresponding provisions of state law),

and any corresponding right to apportionment, of, the taxes (and, whatever

the source of the rights, of any interest and penalty) that are payable because

I have a qualifying income interest for life, to such extent (if any), and only

to such extent (if any), as the taxes are payable because I have a qualifying

income interest for life in qualied terminable interest property which has an

inclusion ratio of zero, and of which I am not the transferor, for generation-

skipping tax purposes; and

(C) My Executor (i) may request or direct payment, from any other source

permitted or required to honor the request or direction, including (without

limitation) the Trust described in Section 2.04, of so much or all, if any, of

any amount that my Executor is required to pay according to the preceding

Appendix Form #10