Estate of Jackson CA2/3

I. Background.

The probate court admitted Michael’s will to probate in August 2009. Two articles of the will are relevant to the present appeal. First, Article III provides that Michael’s entire estate will be given to the trustees of Michael’s trust, and “[a]ll such assets shall be held, managed and distributed as part of said

3 Trust according to its terms.” Second, Article V provides: “I hereby give to my Executors, full power and authority at any time or times to sell, lease, mortgage, pledge, exchange or otherwise dispose of the property, whether real or personal[,] comprising my estate, upon such terms as my Executors shall deem best, to continue any business enterprises, to purchase assets from my estate, to continue in force and pay insurance premiums on any insurance policy, including life insurance, owned by my estate, and for any of the foregoing purposes to make, execute and deliver any and all deeds, contracts, mortgages, bills of sale or other instruments necessary or desirable therefor. In addition, I give to my Executors full power to invest and reinvest the estate funds and assets in any kind of property, real, personal or mixed, and every kind of investment,…