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The Last Will and Testament of John F. Kennedy, Jr.
John F. Kennedy, Jr. planned to leave the bulk of his holdings to his
wife, Caroline Bessette-Kennedy, or their children. But John and Caroline
died together in a plane crash last July without leaving any issue.
Therefore, his property will go to the children of his sister, Caroline
Kennedy Schlossberg. The bulk of his estate is left to the beneficiaries
of a trust he established in 1983. Kennedy also left the scrimshaw, or
carved whale ivory, set once owned by his father to nephew John B.K.
Schlossberg. Kennedy's cousin, Timothy P. Shriver was named executor of
the will. Kennedy's estate is reportedly worth $100 million.
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. |
