
















|
|
The Will of Jerry Garcia
The following is the will of Jerry Garcia, lead guitarist and
vocalist of The Grateful Dead. He died on Aug. 9, 1995.
TABLE OF CONTENTS
WILL OF
JEROME J. GARCIA
REVOCATION OF PRIOR WILLS
DECLARATIONS
COMMUNITY PROPERTY
PERSONAL PROPERTY
GUITARS
DISTRIBUTION OF RESIDUE OF ESTATE
ULTIMATE DISTRIBUTION
TRUSTEE'S POWERS
PAYMENT OF TAXES AND EXPENSES
NO CONTEST CLAUSE
SPENDTHRIFT PROVISION
EXECUTOR'S APPOINTMENT AND POWERS
TRUSTEE'S APPOINTMENT AND COMPENSATION
GUARDIAN
DELAYED DISTRIBUTION
DEFINITIONS
WILL OF JEROME J. GARCIA
I, JEROME J. GARCIA, also known as JERRY GARCIA, a
resident of Marin County, California, hereby make, publish and
declare this to be my Last Will and Testament.
FIRST
REVOCATION OF PRIOR WILLS
I revoke all Wills and Codicils heretofore made by me.
SECOND
DECLARATIONS
I declare that I am married; my wife's name is DEBORAH
KOONS. We have no children by our marriage. I have four
children now living from prior relationships, namely HEATHER
GARCIA KATZ, born December 8, 1963, ANNABELLE
WLAKER GARCIA, born February 2, 1970, THERESA
ADAMS GARCIA, born September 21, 1974, and KEELIN
GARCIA, born December 20, 1987. I have no deceased children
leaving issue, and I have not adopted any children. The terms
``child'' or ``children'' as used in this Will shall refer only to my
children and if any person shall claim and establish any right to
participate in my estate other than as provided in this Will,
whether as heir or in any other capacity whatsoever, I give and
bequeath to each such person the sum of One Dollar ($1.00).
THIRD
COMMUNITY PROPERTY
I declare my intention to dispose of all property, real and personal,
of which I have the right to dispose by Will, including any and all
property as to which I may have at the time of my death a power
of appointment by Will. I confirm to my wife her interest in our
community property. It is my intention by this Will to dispose of
all my separate Property and of my one-half (1/2) interest in our
community property.
FOURTH
PERSONAL PROPERTY
Except as specifically provided hereinbelow, I give my jewelry,
clothing, household furniture and furnishings, personal
automobiles, books, pictures, objects of art and other tangible
articles of a personal nature, or my interest in such property,
which I may have at the time of my death, not otherwise
specifically disposed of by this Will or in any other manner,
together with any insurance on such property, to my wife, if she
survives me for sixty (60) days, and if she does not, then to such
of my children, by representation, who survive me for sixty (60)
days in equal shares as they shall agree, or as my Executor shall,
in my Executor's discretion, determine if my children do not agree
within one hundred fifty (150) days of my death.
In the absence of a conflict of interest, my Executor shall
represent any child under age eighteen (18) in matter relating to
any distribution under this Article FOURTH, including selection
of the assets that shall constitute that child's share, and my
Executor may, in my Executor's discretion, sell for the child's
account any part of that child's share. Any property or its proceeds
distributable to a child under age eighteen (18) pursuant to this
Paragraph may be delivered without bond to the guardian of such
child or to any suitable person with whom he or she resides or
who has the care or control of him or her.
If neither my wife nor any of my children shall survive me, then
this gift shall lapse and such property, and any insurance thereon,
shall become part of the residue of my estate.
FIFTH
GUITARS
I give all my guitars made by DOUGLAS ERWIN, to DOUGLAS
ERWIN, or to his estate if he predeceases me.
SIXTH
DISTRIBUTION OF RESIDUE OF ESTATE
After payment of all my debts, my last illness and funeral
expenses, and provision for my child support obligations for
KEELIN GARCIS, my marital settlement agreement with
CAROLYN ADAMS GARCIA which is being drafted at the time
of signing this will, and my agreement with MANASHA
MATHESON regarding the house to be owned one-half by her
and one-half by the trust established for KEELIN GARCIA which
is being drafted at the time of signing this will, my Executor shall
divide and distribute the remainder of my estate for my
wife/husband and children as follows:
A. If my wife survives me for sixty (60) days, I give her one-third
(1/3) of my estate outright and free of trust. If my wife fails to
survice me for sixty days this bequest shall lapse and the amount
shall be included with the remainder of my estate under paragraph
B.
B. I give the remaining two-thirds (2/3) of my estate, or if my
wife fails to survive me, my entire remaining estate, to my
daughters, my friends, and my brother as follows:
1. The following shares shall be distributed outright and free of
trust, by right of representation, to the persons indicated:
HEATHER GARCIA KATZ ONE-FIFTH (1/5)
ANNABELLE WALKER GARCIA ONE-FIFTH (1/5)
SUNSHINE MAY WALKER KESEY ONE-TENTH (1/10)
CLIFFORD GARCIA ONE-TENTH (1/10)
2. I give to the Trustee hereinafter named, IN TRUST, for the
benefit of my younger daughters, THERESA ADAMS GARCIA
and KEELIN GARCIA, one-fifth (1/5) of my estate for each, to be
held, administered and distributed as a separate trust for each
child as follows:
a. So long as my child is living and is under age twenty-one (21),
the Trustee shall pay to or apply for her benefit, as much of the
net income and principal of the Trust as the Trustee, in the
Trustee's absolute discretion, shall deem necessary for her proper
support, health, maintenance and education, after taking into
consideration, to the extent the Trustee shall deem advisable, any
other income or resources of my child, known to the Trustee. Any
net income not distributed shall be accumulated and added to
principal.
b. When the child attains the age of twenty-one (21), the trust
share allocated on account of such child shall thereupon be
distributed free of trust to that child.
c. If my child dies prior to receipt of her entire share of principal
and income provided herein, and that child is survived by issue,
then the remaining principal and income shall be held in trust for
those issue under the terms of this subparagraph 2. If my child is
not survived by issue, then the remaining principal and income
shall be distributed free of trust to the other residual beneficiaries
receiving fractional interests in my estate under this paragraph B
in proporation to those fractional interests, by right of
representation; provided, however, if a part of that balance would
otherwise be distributed to aperson for whose benefit a trust is
then being administered under this Will, that part shall instead be
added to that trust and shall thereafter be administered according
to its terms.
d. Whenever provision is made in this Article SIXTH for payment
for the ``education'' of a beneficiary, the term ``education'' shall
be
construed to include college and postgraduate study, so long as
pursued to advantage by the beneficiary at an institution of the
beneficiary's choice; and in determining payments to be made for
such college of post-graduate education, the Trustee shall take
into consideration the beneficary's related living expenses to the
extent that they are reasonable.
e. Notwithstanding the directions given as to the distribution of
income and principal in this Article SIXTH, any trusts established
by this Article shall terminate, if they have not previously
terminated, twenty-one (21) years after the death of the survivor
of the class composed of my wife/husband and all my issue living
at my death, and the then remaining principal and undistributed
income of such trusts shall be paid to my issue or other
beneficiaries then living to whom income payments could be
made under such trusts immediately prior to its termination under
this clause, such issue to take by right of representation.
SEVENTH
ULTIMATE DISTRIBUTION
If at the time of my death, or at any later time before full
distribution of any Trust established under Article SIXTH, all my
issue are deceased, and no other disposition of the property is
directed by this Will, the estate or the portion of it then remaining
shall there upon be distributed to those persons who would then
by my heirs, their identities and respective shares to be
determined as though my death had then occurred and according
to the laws of the State of California then in effect relating to the
succession of separate property not acquired from a predeceased
spouse.
EIGHTH
TRUSTEE'S POWERS
I give to the Trustee of all of the Trusts established under this Will
the following powers, in addition to and not in limitation of the
common-law and statutory powers, and without application or
permission of any court.
A. To retain any property, real or personal, which the Trustee may
receive, even though such property (by reason of its character,
amount, proportion to the total Trust Estate or otherwise) would
not be considered appropriate for a Trustee apart from this
provision.
B. To sell, exchange, give options upon, partition, or otherwise
dispose of any property which the Trustee may hold from time to
time at public or private sale or otherwise, for cash or other
consideration or on credit, and upon such terms and for such
consideration as the Trustee shall think fit, and to transfer and
convey the same free of all trust.
C. To invest and reinvest the Trust Estate from time to time in any
property, real or personal, including (without limiting the
generality of the foregoing language) securities of domestic and
foreign corporations and investment trusts, common trust funds,
including those established by any successor corporate fiduciary
which acts as Executor and Trustee hereunder, bonds, preferred
stocks, common stocks, mortgages, mortgage participation, even
though such investment (by reason of its character, amount,
proportion to the total Trust Estate or otherwise) would not be
considered appropriate for a Trustee apart from this provision, and
even though such investment causes a greater proportion of the
principal to be invested in investment of one type or of one
company than would be considered appropriate for a Trustee apart
from this provision; to lend money to any and all persons,
including any or all of the beneficiaries hereof, upon such terms
and conditions as the Trustee in the Trustee's sole discretion
deems proper; in connection with such loans the Trustee may or
may not demand security therefor or interest thereon as the
Trustee in the Trustee's sole discretion deems proper.
D. To improve any real estate held in the Trust Estate, including
the power to demolish any buildings in whole or in part and to
erect buildings; to lease real estate on such terms as the Trustee
thinks fit, including leases for periods that my extend beyond the
duration of the Trusts, and to grant renewals thereof; and to
foreclose, extend, assign, partially release and discharge
mortgages.
E. To borrow money from any lender even though a successor
fiduciary hereunder, execute promissory notes therefor, and to
secure said obligations by mortgage or pledge of any of the Trust
property.
F. To compromise or arbitrate any claim in favor of or against the
Trust Estate; to commence or defend any litigation concerning the
Trust Estate which the Trustee in the Trustee's absolutie discretion
considers prudent, and costs and expenses of such, including
reasonable attorney's fees, to be borne by the Trust Estate; to give
or receive consideration in any settlement to reduce the rate of
return on any investment, with or without consideration; to prepay
or accept prepayment of any debt; to enforce, abstain from
enforcing, release or modify, with or without consideration, any
right, obligation, or claim; to extend and renew any obligation or
hold the same after maturity without extension or renewal; to
accept deeds in lieu of foreclosure and pay consideration for the
same; to determine that any property is worthless or of insufficient
value to warrant keeping or protecting, and to abandon any such
property or convey the same with or without consideration; and to
use any portion of the Trust Estate to protect any other portion of
the Trust Estate.
G. To vote all securities held as a part of the Trust Estate, or to
join in a voting trust or other lawful form of stockholders'
agreements respecting the voting of shares for such period as the
Trustee deems proper; to pay all assessments on such securities, to
exercise options, subscriptions and conversion rights on such
securities, with respect thereto; to employ such brokers, banks,
counsel, custodians, attorneys or other agents, and to delegate to
them such powers (including, among others, the right to vote
shares of stock held in trust) or join in a voting trust or other
lawful form of stockholders' agreements respecting the voting of
shares for such periods as the Trustee deems proper; and to cause
securities held from time to time to be registered in the name of
the Trustee, or in the name of the Trustee's nominee with or
without mention of the Trust in any instrument of ownership, and
to keep the same unregistered or to retain them in condition that
they will pass by delivery.
H. To incur and pay all taxes, assessments, costs, charges, fees
and other expenses of every kind which the Trustee deems
necessary or advisable in connection with the administration of
the Trust created hereby, including reasonable Trustee's fees.
I. To join in or oppose any reorganization, recapitalization,
consolidation ormerger, liquidation or foreclosure, or any plan
therefor; to deposit property with, and delegate discretionary
power to any committee or depository; to pay assessments,
expenses and compensation; and to retain any property issued
therein; to exercise or sell conversion or subscription rights, and
to retain the property received.
J. To hold, manage, invest and account for the several shares
which may be held in trust, either as separate funds or as a single
fund, as the Trustee deems proper; if as a single fund, making the
division thereof only upon the Trustee's books of account and
allocating to each share its proportionate part of the principal and
income of the common fund and charging against each share its
proportionate part of the common expenses.
K. To keep any or all of the Trust property at any place or places
in California or elsewhere in the United States or abroad, or with a
depository or custodian at such place or places.
L. In dividing the Trust Estate into shares or in distributing the
same, to divide or distribute in cash or in kind as the Trustee
thinks fit. For purposes of division or distribution, to value the
Trust Estate reasonably and in good faith, and such valuation shall
be conclusive on all parties. Where distribution or division is
made in kind, the Trustee shall, so far as the Trustee finds
practicable, allocate to the beneficiaries proportionate amounts of
each kind or security; or other property of the Trust Estate.
M. The Trustee is authorized in the Trustee's discretion to retain
from income distributable to any beneficiary an amount equal to
the income tax (Federal and State) the Trustee estimates will be
imposed upon such income; any sums so withheld shall be applied
to the tax liability of such beneficiary. Nothing herein shall be
construed as imposing an obligation upon the Trustee to retain
any sums for the purpose mentioned, nor that said tax shall be
assumed or borne by the assets held for such beneficiary. No
liability shall attach to the Trustee if the Trustee acts or fails to
act
as authorized in Subparagraph M.
N. To partition, without sale, any real or personal property held
jointly or in common with others or distributable to one or more
persons hereunder; to pay or receive consideration to effect
equality of partition; to unite with any other owner in the
management, leasing, use of improvement of any property.
O. To determine, as to all property received, whether and to what
extent the same shall be deemed to be principal or income and as
to all charges or expenses paid, whether and to what extent the
same shall be charged against principal or against income,
including, without limiting the generality of the foregoing
language, power to apportion any receipt or expense between
principal and income and to determine what part, if any, of the
actual income received upon any wasting investment or upon any
security purchased or acquired at a premium shall be retained and
added to principal to prevent diminution of principal upon
exhaustion or maturity thereof. In this regard, the Trustee in the
Trustee's absolute discretion, may, but shall not be required to, if
the Trustees deems it proper, allocate receipts or charges and
expenses to income or principal according to the Principal and
Income Law of the State of California as it may from time to time
exist. All allocation of receipts or charges and expenses shall be
conclusive on all persons interested in any trusts created hereby.
P. In all matters to administer and invest the Trust Estate as fully
and freely as an individual owner might do, without any
restrictions to which fiduciaries are ordinarily subject, except the
duty to act in good faith and with reasonable care.
Q. The Trustee shall also have the power to do all things
necessary to continue any business enterprise, in whatever form,
owned or controlled by me upon my death for such period as the
Trustee shall deem to be in the best interests of the Trust Estate.
R. The Trustee is authorized to employ attorneys, accountants,
investment advisors, specialists and such other agents as he shall
deeme necessary or desirable. The Trustee shall have the authority
to appoint an investment manager or managers to manage all or
any part of the assets of the Trust Estate, appointments shall
include the power to acquire and dispose of such assets. The
Trustee may charge the compensation of such attorneys,
accountants, investment advisors, specialists and other agents and
any other expenses against the Trust Estate.
NINTH
PAYMENT OF TAXES AND EXPENSES
I direct that all estate, succession or other death taxes, duties,
charges or assessments that may by reaso of my death be
attributable to my probate estate or any portion of it, or to any
property or transfers of property outside my probate estate,
including but not limited to burial expenses, expenses of last
illness, attorney's fees, executor's fees, appraiser's fees,
accountant's fees and other expenses of administering my estate
shall be paid by the Executor from the estate in the same manner
as if said taxes were a debt of my estate, without apportionment,
deduction, or reimbursement thereof and without adjustment
thereof among my beneficiaries. Provided, however, if there is
inadequate cash in my estate to pay such taxes and expenses, then
my executor may borrow such funds as I have given authority in
Article TWELFTH below.
TENTH
NO CONTEST CLAUSE
If any beneficiary of my Will or any Codicil hereto or of the
Trusts created hereunder before or after the admission of this Will
to probate, directly or indirectly, contests or aids in the contest of
the same or any provision thereof, or contests the distribution of
my estate in accordance with my Will or any Codicil, the
provisions herein made to or for the benefit of such contestant or
contestants are hereby revoked and for the purpose of my Will and
any Codicil, said contestant or contestants shall be deemed to
have predeceases me.
ELEVENTH
SPENDTHRIFT PROVISION
Each and every beneficiary under the Trust or Trusts created by
this Will is hereby restrained from and is and shall be without
right, power, or authority to sell, transfer, pledge, hypothecate,
mortgage, alienate, anticipate, or in any other manner affect or
impair his, her or their beneficial and legal rights, titles,
interests,
claims and estates in and to the income and/or principal of said
trusts, and the rights, titles, interests and estate of any
beneficiary
thereunder shall not be subject nor liable to any process of law or
court, and all of the income and/or principal under said trusts shall
be paid over to the beneficiary in person, or, in the event of the
minority or incompetency of any beneficiary, to the guardian of
that beneficiary in such manner as in the Trustee's discretion
seems most advisable at the time and in the manner provided by
the terms of the Trust.
TWELFTH
EXECUTOR'S APPOINTMENT AND POWERS
I hereby nominate and appoint my wife DEBORAH KOONS, and
my attorney DAVID M. HELLMAN, as Executor of this Will. If
either of them shall be, or become unable or unwilling to act, then
the survivor shall act with JEFFREY E. EHLENBACH. No bond
or other security shall be required of any person who acts as
Executor hereunder.
A. I hereby expressly authorize and empower my Executor to sell
and dispose of the whole or any portion of my estate, real or
personal, and wherever situate, as and when and upon such terms
as my Executor deems proper, at public or private sale, with or
without notice, and without first securing any order or court
therefor. I further grant to my Executor all the powers granted to
the Trustee under Article EIGHTH hereof, insofar as such powers
are appropriate for the administration of my estate and the probate
of my Will;
B. If my Executor in good faith decides that there is uncertainty as
to the inclusion of particular property in my gross estate for
federal estate tax purposes, my Executor shall exclude such
property from my gross estate in the estate tax return. My
Executor shall not be liable for any loss to my estate or to any
beneficary, which loss results from the decision made in good
faith that there is uncertainty as to the inclusion of particular
property in my gross estate.
C. The decision of my Executor as to the date which should be
selected for the valuation of property in my gross estate for federal
estate tax purposes shal be conclusive on al concerned;
D. When a choice is available as to whether certain deductions
shall be taken as income tax deductions or estate tax deductions,
the decision of my Executor in this regard shall be conclusive on
all concerned and no adjustment of income and principal account
shall be made as a result of such decision;
E. Beginning as of the date of my death and until the
establishment of the trusts provided for herein, my Executor shall
make such payments of estate income, which is allocable to trust
assets, as would be required if the trusts had actually been
established at the date of my death.
F. My Executor is authorized to execute and deliver disclaimers
under Internal Revenue Code X2518 and California Probate Code
XX260 through 295 or any successor statute.
THIRTEENTH
TRUSTEE'S APPOINTMENT AND COMPENSATION
I hereby nominate and appoint my wife DEBORAH KOONS, and
my attorney DAVID M. HELLMAN, as Trustee of this Will. If
either of them shall be, or become unable or unwilling to act, then
the survivor shall act with JEFFREY E. EHLENBACH. No bond
or other security shall be required of any person who acts as
Trustee hereunder.
The individual Trustees shall be entitled to receive reasonable
commissions similar to those charged by corporate Trustees in the
San Francisco Bay Area. Any successor Trustee shall be entitled
to reasonable compensation for its services.
FOURTEENTH
GUARDIAN
If MANASHA MATHESON does not survive me, I hereby
nominate and appoint SUNSHINE MAY WALKER KESEY, as
the guardian of KEELIN GARCIA, if she is then a minor. No
bond shall be required of any person who acts as guardian
hereunder.
FIFTEENTH
DELAYED DISTRIBUTION
I direct that no interest shall be payable on account of any delary
in distributing any devise, bequest, or legacy under my Will or
any Codicial thereto.
SIXTEENTH
DEFINITIONS
The words ``Executor,'' ``Trustee,'' ``child,'' ``children,'' and
``beneficiary,'' as used herein, shall comprehend both the singular
and the plural, and the masculine or feminine shall be deemed to
include the other wherever the context of this Will requires. This
Will and any Codicil shall be interpreted under the California law
as in effect at the date of signature of such document.
IN WITNESS WHEREOF, I have hereunto set my hand this May
12, 1994.
Jerome J. Garcia
On the date indicated below, JEROME J. GARCIA, declared to
us, the undersigned, that this instrument, consisting of sixteen (16)
pages, including the page signed by us as witnesses, was the
testator's Will and requested us to act as witnesses to it. The
testator thereupon signed this Will in our presence, all of us being
present at the same time. We now, at the testator's request, in the
testator's presence and in the presence of each other, subscribe our
names as witnesses.
It is our belief that the testator is of sound mind and memory and
is under no constraint or undue influence whatsoever.
We declare under penalty of perjury that the foregoing is true and
correct and that this declaration was executed on May 12, 1994, at
San Rafael, California.
David M. Hellman residing at 523 4th St. #102, San Rafael, CA
94901
Tanna Burcher residing at 523 4th St. #102, San Rafael, CA
94901
ATTACHMENT 8
Name Relationship Age Address
Deborah Koons Garcia Spouse Adult
c/o Max Gutierrez, Jr., Esq.
Brobeck, Phleger & Harrison
One Market Plaza, 27th Floor
Spear Street Tower
San Francisco, CA 94105
Heather Garcia Katz Daughter Adult
c/o Michael Rubenstein, Esq.
Rubenstein & Bohachek
200 California Street, 5th Floor
San Francisco, CA 94111
Annabelle Walker Garcia Daughter Adult
c/o David C. Phillips, Esq.
Goldstein & Phillips
One Embarcadero Center
Eighth Floor
San Francisco, CA 94111
Theresa Adams Garcia Daughter Adult
c/o David C. Phillips, Esq.
Goldstein & Phillips
One Embarcadero Center
Eighth Floor
San Francisco, CA 94111
Keelin Garcia Daughter Minor
c/o Manasha Matheson
c/o Esther R. Lerner, Esq.
Lerner Law Offices
88 Kearny Street, Ste. 1750
San Francisco, CA 94108
Douglas Erwin Friend Adult
P.O. Box 2232
Sonoma, CA 95476
Carolyn Adams Garcia Former Spouse Adult
c/o David C. Phillips, Esq.
Goldstein & Phillips
One Embarcadero Center
Eighth Floor
San Francisco, CA 94111
Manasha Matheson Friend Adult
c/o Esther R. Lerner, Esq.
Lerner Law Offices
88 Kearny Street, Ste. 1750
San Francisco, CA 94108
Sunshine May Walker Friend Adult
c/o David C. Phillips, Esq.
Goldstein & Phillips
One Embarcadero Center
Eighth Floor
San Francisco, CA 94111
Clifford Garcia Brother Adult
91 Laura Lane
Fairfax, CA 94930
| |