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4 4 Exculpatory Clause-All Trustees No trustee shall be liable to any person interested <br /> in this trust for any act or default unless it results from the trustee's bad faith,willful misconduct, <br /> or gross negligence <br /> 4 5 Waiver of Liability for Predecessor Trustee Any successor trustee may accept as <br /> correct any accounting of trust assets made by any predecessor trustee However,a successor <br /> trustee may institute any action or proceeding for the settlement of the accounts,acts,or <br /> omissions of any predecessor trustee <br /> 4 6 Trustee Statutory Powers In addition to any powers now or hereafter conferred on <br /> trustees by law,the trustee shall have all the powers listed m Article 2,commencing with Section <br /> 16220,of Chapter 2 of Part 4 of Division 9 of the California Probate Code <br /> 4 7 Advisors The trustee may hire and pay from the trust the fees of investment <br /> advisers,accountants,tax advisers,agents,attorneys,and other assistants for the administration <br /> of the trust and for the management of any trust asset and for any litigation affecting the trust <br /> 4 8 Administrative Provisions The following administrative provisions shall apply to <br /> this trust <br /> 1 The trustee is entitled to reasonable compensation for ordinary and <br /> extraordinary services,and for all services m connection with the complete or partial termination <br /> of this trust <br /> 2 All persons who have any interest in this trust are bound by all discretionary <br /> determinations the trustee makes in good faith under the authonty granted under this trust <br /> 4 9 Bond-Waiver No trustee,including a nonresident,shall be required to post bond <br /> or secunty <br /> 4 10 Beneficiary's Last Illness and Funeral Expenses The trustee shall have the power, <br /> in the trustee's reasonable discretion,to pay the last illness expenses,funeral expenses,and other <br /> obligations incurred for the beneficiary's support from the beneficiary's trust <br /> 4 11 Duty to Account. The trustee shall render accounts at least annually,at the <br /> termination of a trust,and on a change of trustees,to the persons and in the manner required by <br /> law <br /> ARTICLE FIVE <br /> EXECUTOR <br /> 5 1 Nomination of Executor. I nominate PETER MacDONALD,attorney at law,as <br /> executor of this will <br /> 3 <br />