Will with Legacies for Children

THIS IS THE LAST WILL AND TESTAMENT of me, AB son

of_______resident of _______.
This will be operative with effect from my death. I hereby revoke all wills
and codicils by me heretofore made.
1. I hereby appoint CD son of______ resident of ______ and EF son
of____ resident of ______as the executors of my this will, trustees of my
estate and also the guardians of the person and property of my minor
children, GH and IJ, during the respective periods of their minority. In case
any one of the executors fails to obtain probate or act as trustee and
guardian, the other shall act as the sole executor, trustee and guardian.
2. I direct my said executors or executor and trustees or trustee to pay
out of my estate a sum of Rs. 1 lakh to X and a further sum of Rs.1 lakh to
Y for their absolute use and benefit and I hereby give, leave and bequeath
the same unto and in their favour absolutely. It is my further wish and
desire that a sum of Rupees 1 lakh should be paid for the expenses of the
marriage of MN of, etc., should I not celebrate his or her marriage during
my lifetime and I direct my said executors or executor and trustees or
trustee to pay the same accordingly on the occasion of his or her marriage.
3. Subject to what are hereinbefore stated, my said executors or
executor and trustees or trustee shall, after defraying the costs, charges
and expenses of administration, hold and possess the entire estate, both
movable and immovable, in trust for my children for their maintenance and
support until the youngest of them shall attain the age of 21 years.
4. My said executors or executor and trustees or trustee shall be entitled
to convert the movables only into money which should be invested in the
purchase of Government securities or trustees securities or in loans against
the first mortgage of houses and lands or in any other good and sound
investments with power to draw interest, dividends, etc. to alter and vary
the same at their discretion such investment or investments into other
investment or investments of the same or like nature, to be held upon trust
as aforesaid.
 5. My said executors or executor and trustees or trustee shall look after,
manage and keep and maintain in good repair and develop all my
properties, and realise the rents, profits and other income thereof.
6. I further direct that my said executors or executor and trustees or
trustee shall after paying all my just debts, testamentary and other
expenses and the legacies hereinbefore recited, and, after providing for the
costs, charges and expenses of the management and development of the
said properties and for payment of the revenue and taxes spend the
surplus of the income for all the necessary expenses for maintenance and
education of my said children during their minority and on my last child
attaining the age 21 years shall divide the remaining property equally
among all my children, when and in such an event the trust hereunder
created shall come to an end.
Provided, however, they shall keep and maintain proper account of the
estate and file the same in court once in every six months and get the
same audited and passed.
Provided, however, further that in the event of acquisition or compulsory
purchase of any property, the said executors and trustees shall invest the
proceeds in purchase of some other suitable property or properties to be
also held by them in trust as aforesaid.

IN WITNESS WHEREOF I have hereunto set and subscribed my hand and

signature this ……… day of ……… 1999.
Signed by the within-named
Testator as his last Will and
Testament in our presence all
being present at the same
time. Thereafter at the request
of the Testator and in his
presence and in the presence
of one another We XY and MN
subscribed our respective
names
Signed, sealed and delivered by
AB the Testator
Signed by XY in the presence of
AB the Testator and MN
Signed by MN in the presence
of Testator and XY