| I, JOHN F. KENNEDY,
JR., of New York, New York, make this my last will, hereby revoking
all earlier wills and codicils. I do not by this will exercise any
power of appointment.
FIRST: I give all my tangible property (as distinguished from money, securities
and the like), wherever located, other than my scrimshaw set previously
owned by my father, to my wife, Carolyn Bessette-Kennedy, if she
is living on the thirtieth day after my death, or if not, by right
of representation to my then living issue, or if none, by right
of representation to the then living issue of my sister, Caroline
Kennedy Schlossberg, or if none, to my said sister, Caroline, if
she is then living. If I am survived by issue, I leave this scrimshaw
set to said wife, Carolyn, if she is then living, or if not, by
right of representation, to my then living issue. If I am not survived
by issue, I give said scrimshaw set to my nephew John B.K. Schlossberg,
if he is then living, or if not, by right of representation to the
then living issue of my said sister, Caroline, or if none, to my
said sister Caroline, if she is then living. I hope that whoever
receives my tangible personal property will dispose of certain items
of it in accordance with my wishes, however made unknown, but I
impose no trust, condition or enforceable obligation of any kind
in this regard.
SECOND:
I give and devise all my interest in my cooperative apartment located
at 20-26 Moore Street, Apartment 9E, in said New York, including
all my shares therein and any proprietary leases with respect thereto,
to my said wife, Carolyn, if she is living on the thirtieth day
after my death.
THIRD: If no issue of mine survive me, I give and devise all my interests
in real estate, wherever located, that I own as tenants in common
with my said sister, Caroline, or as tenants in common with any
of her issue, by right of representation to Caroline's issue who
are living on the thirtieth day after my death, or if none, to my
said sister Caroline, if she is then living. References in this
Article THIRD to "real estate" include shares in cooperative
apartments and proprietary leases with respect thereto.
FOURTH: I give and devise the residue of all the property, of whatever
kind and wherever located, that I own at my death to the then trustees
of the John F. Kennedy Jr. 1983 Trust established October 13, 1983
by me, as Donor, of which John T. Fallon, of Weston, Massachusetts,
and I are currently the trustees (the "1983 Trust"), to
be added to the principal of the 1983 Trust and administered in
accordance with the provisions thereof, as amended by a First Amendment
dated April 9, 1987 and by a Second Amendment and Complete Restatement
dated earlier this day, and as from time to hereafter further amended
whether before or after my death. I have provided in the 1983 Trust
for my children and more remote issue and for the method of paying
all federal and state taxes in the nature of estate, inheritance,
succession and like taxes occasioned by my death.
FIFTH:I
appoint my wife, Carolyn Bessette-Kennedy, as guardian of each child
of our marriage during minority. No guardian appointed in this will
or a codicil need furnish any surety on any official bond.
SIXTH:
I name my cousin Anthony Stanislaus Radziwill as my executor; and
if for any reason, he fails to qualify or ceases to serve in that
capacity, I name my cousin Timothy P. Shriver as my executor in
his place. References in this will or a codicil to my "executor"
mean the one or more executors (or administrators with this will
annexed) for the time being in office. No executor or a codicil
need furnish any surety on any official bond. In any proceeding
for the allowance of an account of my executor, I request the Court
to dispense with the appointment of a guardian ad litem to represent
any person or interest. I direct that in any proceeding relating
to my estate, service of process upon any person under a disability
shall not made when another person not under a disability is a party
to the proceeding and has the same interest as the person under
the disability.
SEVENTH:
In addition to other powers, my executor shall have power from time
to time at discretion and without license of court: To retain, and
to invest and reinvest in, any kind or amount of property; to vote
and exercise other rights of security holders; to make such elections
for federal and state estate, gift, income and generation-skipping
transfer tax purposes as my executor may deem advisable; to compromise
or admit to arbitration any matters in dispute; to borrow money,
and to sell, mortgage, pledge, exchange, lease and contract with
respect to any real or personal property, all without notice to
any beneficiary and in such manner, for such consideration and on
such terms as to credit or otherwise as my executor may deem advisable,
whether or not the effect thereof extends beyond the period settling
my estate; and in distributing my estate, to allot property, whether
real or personal, at then current values, in lieu of cash. |