313

1 THIS IS THE LAST WILL of me, FRED RUBBLE, of the City of Welland, in the

municipality of Niagara, Pro ince of !ntario"

I"

I #E$!%E all former &ill' and other te'tamentary di'po'ition' made (y me"

II"

I APP!INT my &ife, WILMA RUBBLE, to (e the E'tate Tru'tee, E)ecutor and

Tru'tee of thi' my Will, pro ided that if my 'aid &ife 'hall ha e predecea'ed me or 'hall 'ur i e me (ut die (efore the tru't' hereof 'hall ha e terminated or 'hall (e una(le or un&illing to act or to continue to act a' 'uch E'tate Tru'tee, E)ecutor and Tru'tee, then I appoint my 'on and daughter, PEBBLES RUBBLE and BAMBAM RUBBLE to (e the *oint Alternate E'tate Tru'tee', E)ecutor' and Tru'tee' of thi' my Will in the place and 'tead of my 'aid &ife" #eference' to +my Tru'tee'+ in thi' my Will 'hall include each E'tate Tru'tee, E)ecutor and Tru'tee of my Will, my e'tate or any portion thereof &ho may (e acting a' 'uch from time to time &hether original or 'u('tituted and &hether one or more"

III"

I ,I$E all my property &here'oe er 'ituated, including any property o er &hich I

may ha e a general po&er of appointment, to my Tru'tee' upon the follo&ing tru't', namely-

.a/

I A0TH!#I1E my Tru'tee' to u'e their di'cretion in the reali2ation of my e'tate, &ith po&er to 'ell, call in and con ert into money any part of my e'tate not con'i'ting of money at 'uch time or time', in 'uch manner and upon 'uch term', and either for ca'h or credit or for part ca'h and part credit a' they may in their a('olute di'cretion decide upon, or to po'tpone 'uch con er'ion of my

393
e'tate or any part or part' thereof for 'uch length of time a' they may thin4 (e't" 5y Tru'tee' 'hall ha e a 'eparate and 'u('tanti e po&er to retain any of my in e'tment' or a''et' in the form e)i'ting at the date of my death at their a('olute di'cretion &ithout re'pon'i(ility for lo'' to the intent that in e'tment' or a''et' 'o retained 'hall (e deemed to (e authori2ed in e'tment' for all purpo'e' of thi' my Will" No re er'ionary or future intere't 'hall (e 'old prior to falling into po''e''ion and no 'uch intere't not actually producing income 'hall (e treated a' producing income"

.(/

To pay out of and charge to the capital of my general e'tate my 6u't de(t', funeral and te'tamentary e)pen'e' and all income ta)e', e'tate, inheritance and 'ucce''ion dutie' or ta)e' &hether impo'ed (y or pur'uant to the la& of thi' or any other 6uri'diction &hat'oe er that may (e paya(le in connection &ith any property pa''ing .or deemed 'o to pa'' (y any go erning la&/ on my death or in connection &ith any in'urance on my life or any gift or (enefit gi en or conferred (y me either during my lifetime or (y 'ur i or'hip or (y thi' my Will or any Codicil hereto and &hether 'uch dutie' or ta)e' (e paya(le in re'pect of e'tate' or intere't' &hich fall into po''e''ion at my death or at any 'u('e7uent time8 and I here(y authori2e my Tru'tee' to defer, commute or prepay any 'uch ta)e' or dutie'" Thi' direction 'hall not e)tend to or include any 'uch ta)e' that may (e paya(le (y a purcha'er or tran'feree in connection &ith any property tran'ferred to or ac7uired (y 'uch purcha'er or tran'feree upon or after my death pur'uant to any agreement &ith re'pect

3@3
to 'uch property"

.c/

To (e7ueath to my 'on, BAMBAM RUBBLE, if he 'ur i e' me, my 1:;< T3 =ird Con erti(le for hi' o&n u'e a('olutely"

.d/

To (e7ueath to my daughter, PEBBLES RUBBLE, if 'he 'ur i e' me, my Pica''o Painting for her o&n u'e a('olutely"

.e/

5y Tru'tee 'hall pay to NIAGARA COLLEGE OF APPLIED ARTS & TECHNOLOGY, LAW CLERK PROGRAM, or to it' 'ucce''or organi2ation a' the ca'e may (e, the 'um of t&enty thou'and .>9?,???"??/ dollar'" The receipt of the trea'urer or other proper officer of thi' organi2ation 'hall (e a 'ufficient di'charge to my Tru'tee"

.f/

If my &ife, WILMA RUBBLE, 'ur i e' me for a period of fourteen .1</ day', to pay, tran'fer and a''ign the re'idue of my e'tate to her for her o&n u'e a('olutely"

.g/

If my &ife, WILMA RUBBLE, predecea'e' me or 'ur i e' me (ut die' &ithin a period of fourteen .1</ day' of the date of my death, to di ide the re'idue of my e'tate in e7ual 'hare' per 'tirpe' among my i''ue li ing at the death of the 'ur i or of my &ife and me8 pro ided that the 'hare of any child of mine &ho 'hall then (e li ing (ut &ho 'hall not ha e attained the age of

3<3
t&enty3one .91/ year' 'hall (e 'et a'ide and my Tru'tee' 'hall 4eep 'uch 'hare in e'ted and, 'u(6ect a' i' hereinafter pro ided, may from time to time until 'uch child (ecome' a('olutely entitled to all the capital of 'uch 'hare pay to or apply for the (enefit of 'uch child the &hole or 'uch part of the net income deri ed from 'uch 'hare or from the part thereof from time to time remaining in tru't and 'uch part or part' of the capital thereof a' my Tru'tee' in their a('olute di'cretion deem ad i'a(le" If in any year that my Tru'tee' hold 'uch 'hare or any part thereof any portion of the 'aid net income i' not paid to or applied for the (enefit of 'uch child, 'uch portion 'hall (e accumulated (y my Tru'tee' and added to the capital of 'uch 'hare to (e dealt &ith a' part thereof8 pro ided that after the e)piration of the ma)imum period permitted (y la& for the accumulation of income hereunder, if my Tru'tee' are then holding 'uch 'hare or any part thereof, they 'hall thereafter pay to or apply for the (enefit of 'uch child the &hole of the net income deri ed from 'uch 'hare" 0pon 'uch child attaining the age of t&enty3one .91/ year', the income thereafter deri ed from 'uch 'hare 'hall (e paid to or for 'uch child" 0pon 'uch child attaining the age of t&enty3one .91/ year', 'uch 'hare or the amount thereof then remaining 'hall (e paid or tran'ferred to him or her" If 'uch child 'hould die (efore recei ing the &hole of hi' or her 'hare, 'uch 'hare or the amount thereof then remaining 'hall (e di ided among the i''ue of 'uch child &ho 'ur i e him or her in e7ual 'hare' per 'tirpe' or, if 'uch child 'hould lea e no i''ue him or her 'ur i ing, among my i''ue &ho 'hall (e li ing at the death of 'uch child in e7ual 'hare' per 'tirpe', pro ided that if

3;3
any child of mine 'hall there(y (ecome entitled to any part of 'uch 'hare (efore attaining the age of t&enty3one .91/ year', 'uch childA' part 'hall (e added to the capital of the 'hare of my e'tate herein(efore directed to (e held in tru't for 'uch child and 'hall (e dealt &ith a' part thereof"

I$"

S0=*ECT AS 5AB =E SPECICICALLB pro ided herein, if any per'on 'hould

(ecome entitled to any 'hare in my e'tate (efore attaining the age of t&enty3one .91/ year' or &hile mentally incapa(le of managing property, the 'hare of 'uch per'on 'hall (e held and 4ept in e'ted (y my Tru'tee', and the income and capital or 'o much thereof a' my Tru'tee' 'hall, in their a('olute di'cretion, con'ider nece''ary or ad i'a(le 'hall (e u'ed for the (enefit of 'uch per'on until he or 'he attain' the age of t&enty3one .91/ year' or i' no longer mentally incapa(le of managing property &hen 'uch 'hare or the amount thereof remaining 'hall (e paid or tran'ferred to him or her, or 'hould 'uch per'on die (efore attaining the age of ma6ority or &hile mentally incapa(le of managing property, to hi' or her legal per'onal repre'entati e'"

$"

I A0TH!#I1E my Tru'tee' to ma4e any payment' for any per'on under the age of

t&enty3one .91/ year' or &ho i' other&i'e mentally incapa(le of managing property to a parent, guardian or committee of 'uch per'on or to any other per'on my Tru'tee' may con'ider to (e a proper recipient therefor &ho'e receipt 'hall (e a 'ufficient di'charge to my Tru'tee'"

$I"

WHENE$E# it (ecome' nece''ary for my Tru'tee' to in e't any money' held in

3E3
connection &ith my e'tate I &ill and declare that my Tru'tee' in ma4ing 'uch in e'tment 'hall not (e re7uired to di er'ify and 'hall not other&i'e (e re'tricted (y the pro i'ion' of '" 9D of the !ntario Trustee Act, a' amended from time to time, (ut may in e't in any in e'tment that in their uncontrolled di'cretion they con'ider ad i'a(le and my Tru'tee' 'hall not (e held re'pon'i(le for any lo'' that may (e occa'ioned (y any 'uch in e'tment made (y them in good faith" Without limiting the generality of the foregoing, my Tru'tee 'hall (e 'pecifically authori2ed to in e't in mutual fund and pooled fund in e'tment' not&ith'tanding any rule of la& that prohi(it' a tru'tee from delegating po&er' of dutie'"

$II"

5B T#0STEES may ma4e any di i'ion of my real or per'onal e'tate or 'et a'ide or

pay any 'hare or intere't therein either &holly or in part in the a''et' forming my e'tate at the time of my death or at the time of 'uch di i'ion, 'etting a'ide or payment, and I e)pre''ly &ill and declare that my Tru'tee' 'hall in their a('olute di'cretion fi) the alue of my e'tate or any part thereof for the purpo'e of ma4ing any 'uch di i'ion, 'etting a'ide or payment and the deci'ion of my Tru'tee' 'hall (e final and (inding upon all per'on' concerned, not&ith'tanding any fluctuation in mar4et alue and not&ith'tanding that one or more of my Tru'tee' may (e (eneficially intere'ted in the property or any part thereof 'o alued"

$III"

I A0TH!#I1E my Tru'tee' to ma4e or refrain from ma4ing, in their a('olute

di'cretion, any election', determination', and de'ignation' permitted (y any 'tatute or regulation enacted (y the Parliament or go ernment of Canada, (y the legi'lature or go ernment of any pro ince of Canada, or (y any other legi'lati e or go ernmental (ody of any other country, pro ince, 'tate or territory, and 'uch e)erci'e of di'cretion (y my Tru'tee'

3D3
'hall (e conclu'i e and (inding upon all the (eneficiarie' hereof" 5y Tru'tee' 'hall not (e lia(le to any per'on, &hether (eneficiary or other&i'e, (y rea'on of any lo'', claim, ta) or other co't e)perienced (y any 'uch per'on or (y my e'tate re'ulting from any election, determination, de'ignation or e)erci'e of di'cretion, including any preferred (eneficiary election, entered into (y my Tru'tee' in good faith"

IF"

I A0TH!#I1E my Tru'tee' to 'ell, partition, e)change or other&i'e di'po'e of the

&hole or any part of my real property in 'uch manner at 'uch time and upon 'uch term' a' to credit or other&i'e a' they in their di'cretion con'ider ad i'a(le, &ith po&er to accept purcha'e money mortgage or mortgage' for any part of the purcha'e or e)change price" 5y Tru'tee' 'hall al'o ha e the po&er to mortgage, lea'e for any term the real or lea'ehold property forming part of my e'tate, 'u(6ect to 'uch co enant' and condition' a' they 'hall thin4 fit, to accept 'urrender' of lea'e' and tenancie', to e)pend money in repair', alteration', re(uilding and impro ement' and generally to manage any 'uch property" 5y Tru'tee' 'hall al'o ha e the right to rene& and 4eep rene&ed any mortgage or mortgage' upon any real e'tate forming part of my e'tate or any part thereof, to (orro& money on any 'uch real e'tate upon the 'ecurity of any mortgage or mortgage' and to pay off any mortgage or mortgage' &hich may (e in e)i'tence at any time forming part of my e'tate" I al'o gi e to my Tru'tee' po&er to e)ecute and deli er 'uch deed', mortgage', lea'e' or other in'trument' a' may (e nece''ary to effect 'uch a 'ale, mortgage, lea'e or other di'po'ition" The po&er of 'ale herein i' di'cretionary and not mandatory"

F"

I A0TH!#I1E ANG E5P!WE# my Tru'tee' to lend 'uch part or part' of my

3H3
e'tate upon any 'ecurity &hich they may deem 'ufficient or upon no 'ecurity &hate er, to enter into guarantee' or indemnification' for the (enefit of the (eneficiarie' of thi' my Will and firm' or corporation' in &hich my e'tate or one or more of the (eneficiarie' of thi' my Will may ha e an intere't and to gi e 'ecurity therefor a' my Tru'tee' may in their di'cretion decide and to rene& and 4eep rene&ed 'uch guarantee' and indemnification' a' my Tru'tee' 'ee fit, to (orro& money from them'el e' indi idually or from other' either &ithout 'ecurity or upon the 'ecurity of any of the property, real or per'onal, entru'ted to them or from time to time held (y them under thi' my Will for 'uch purpo'e' and upon 'uch term' and condition' a' they 'hall deem ad i'a(le and &ithout limiting the generality of the foregoing for the payment of ta)e', de(t', dutie', legacie' or e)pen'e' and to mortgage, pledge, hypothecate or other&i'e encum(er any or all of 'uch property to 'ecure the repayment of money (orro&ed and to e)tend or modify any 'uch encum(rance" 5y Tru'tee' may (orro& from any per'on or corporation not&ith'tanding that 'uch per'on or corporation may (e a mem(er of my family or a (eneficiary or tru'tee under my Will, and the per'on or corporation from &hom my Tru'tee' (orro& 'hall ne erthele'' (e entitled to recei e and (e paid, for it', hi' or her o&n (enefit, 'uch intere't a' my Tru'tee' in their a('olute di'cretion deem ad i'a(le"

FI"

5B T#0STEES 'hall (e fully protected in e)erci'ing any di'cretion granted to them

in thi' my Will and 'hall not (e lia(le to the (eneficiarie' or their heir' or per'onal repre'entati e' (y rea'on of the e)erci'e of 'uch di'cretion" 5y Tru'tee' 'hall e)erci'e the po&er', authority and di'cretion gi en to them in &hat they deem to (e the (e't intere't, &hether monetary or other&i'e, of the (eneficiarie', &hether or not 'uch e)erci'e may ha e the effect of conferring an ad antage on any one or more of the (eneficiarie' or &ould

3:3
other&i'e, (ut for the foregoing, (e con'idered a' (eing other than an impartial e)erci'e of their dutie' hereunder or a' not (eing maintenance of an e en3hand among the (eneficiarie' and all 'uch e)erci'e of their po&er', authority and di'cretion 'hall (e (inding upon all of the (eneficiarie' and 'hall not (e 'u(6ect to any 7ue'tion or re ie&, (y any per'on, official, authority, court or tri(unal &hat'oe er or &hom'oe er"

FII"

I A0TH!#I1E my Tru'tee' to employ and pay out of my e'tate 'uch profe''ional

ad i'or' a' my Tru'tee' may deem nece''ary in the di'charge of their dutie' and to act upon 'uch ad ice and opinion' a' they may recei e from any 'uch profe''ional 'o employed and my Tru'tee' 'hall not (e lia(le or re'pon'i(le for any lo'' that may (e occa'ioned to my e'tate (y rea'on of their 'o doing"

FIII"

I A0TH!#I1E ANG E5P!WE# my Tru'tee' to compromi'e, 'ettle, &ai e or pay

any claim or claim' at any time o&ing (y my e'tate or &hich my e'tate may ha e again't other' for 'uch con'ideration or no con'ideration and upon 'uch term' and condition' a' my Tru'tee' may deem ad i'a(le and to refer to ar(itration all 'uch claim' if my Tru'tee' deem 'ame ad i'a(le"

FI$"

I GECLA#E that no gift, or the income therefrom, under thi' my Will 'hall (e

a''igned or anticipated, or fall into any community of property, partner'hip or other form of 'haring or di i'ion of property &hich may e)i't (et&een any (eneficiary and hi' or her 'pou'e or partner, and e ery gift together &ith the income therefrom 'hall remain the 'eparate property of a (eneficiary hereunder, free from all property right' or control' (y hi' or her

31?3
'pou'e or partner" Without limiting the generality of the foregoing, I direct that all of the gift' and other (enefit' granted (y me under thi' my Will and all the income deri ed therefrom 'hall (e e)cluded from net family property of a (eneficiary and the alue thereof 'hall not (e 'u(6ect to di i'ion (et&een a (eneficiary and hi' or her 'pou'e or partner pur'uant to the !ntario Family Law Act, or any 'ucce''or legi'lation thereto" All reference' to income contained in thi' paragraph of thi' my Will are intended (y me and 'hall (e deemed to include capital gain' a' &ell a' any other accretion' to capital ari'ing from a gift or (enefit hereunder"

IN WITNESS WHE#E!C I ha e to thi' my La't Will and Te'tament, &ritten upon thi' and nine .:/ preceding page', 'u('cri(ed my name thi' @ rd day of !cto(er 9?1@" SI,NEG (y the te'tator, FRED RUBBLE, a' hi' la't Will, in the pre'ence of u', (oth pre'ent at the 'ame time, &ho at hi' re7ue't, in hi' pre'ence and in the pre'ence of each other ha e hereunto 'u('cri(ed our name' a' &itne''e'" / / / / / / / / /

IIIIIIIIIIIIIIIIIIIIIIIIIIIIIII FRED RUBBLE

WITNESSSignature- ________________________ Name- Nancy =ellantino Addre''- 1?; ,aron A e" Welland, !N" L@= 1=D !ccupation- =arri'ter and Solicitor WITNESSSignature- IIIIIIIIIIIIIIIIIIIIIIII NamePedro #engel Addre''- 1?; ,aron A e" Welland, !N" L@= 1=D !ccupation- La& Cler4

LAST WILL & TESTAMENT OF FRED RUBBLE

Dated the: 3rd day of October, 2013

Prepared by:

NANCY BELLANTINO
Barrister and Solicitor 105 Garon A e! "elland, Ontario #3B 1B$ %&05' $(()3((1