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Will Authorizing Executor
To Carry On Decedent's Business

1. Introductory Clause. I, [name], a resident of, and domiciled in, [city, county, state], make, publish, and declare this Will, revoking all former wills made by me.

2. Appointment of Executor. I name [name] as my Executor.

3. Payment of Debts. I direct my Executor to pay all my debts and funeral expenses as soon after my death as is practicable.

4. General Powers of Executor. I give to my Executor, and his successor, the power to (a) sell or convey part or all of my real estate, and give good and valid deeds for such property; (b) change securities and investments at my Executor's discretion; and (c) act, along with my Spouse, as the guardian of the estate of my children during their minority.

5. Powers of Executor Re: Testator's Business. My Executor, and his successor, are granted full power to prosecute and carry on, with my estate and property, my present business, [name of firm], during the lifetime of my Spouse [name].

6. Limitation of Executor's Liability. My Executor is not personally liable for any losses or debts, except those arising from bad faith or gross mismanagement, arising from his continuing of my business.

7. Use of Business Profits.

a. Payments to Spouse. My Spouse, [name], will be paid from the income and profits of my estate ----------.. dollars ($----------) per year during my Spouse's life, by my Executor. This sum will be paid in equal monthly payments, free from any abatement or reduction for any charge or tax.

b. Balance of Profits Added to Working Capital. Other business profits not used for the support of my Spouse or children, as provided in Paragraph 8 below, are to be added to, and form a part of, the working capital of my estate.

8. Support of Children.

a. Prior to Age Twenty-five. Out of the surplus income of my estate, my Executor will support, maintain, and educate my surviving children, and any children born alive of my wife within nine months after my death. These payments will...

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