Here we have another will that says the same thing in a simpler way:
[executor shall] Serve without making or filing any inventory and appraisement, without filing any annual or other returns or reports to any court and without giving bond.
So this is what I understand;
the writer of the will exonarates the executor:
1)from giving any bond
2)from making any returns to any court whatsoever
3)from the necessity of inventory and/or apparaisement.
That is to say,
al albacea se le exonera
1) de depositar caucion (para hacer su trabajo) here is an explanation of what bond means in this case: I direct that no person appointed herein as Executor, or successor Executor, shall be required to furnish any bond for the faithful performance of their duties as such fiduciary in any jurisdiction whatsoever
2) de hacer ningun tipo de declaracion (de impuestos) a ningun tribunal en lo absoluto
3) de que se le requiera inventarios o valoraciones.
Does this make sense?
http://www.davidjreed.com/Estate Planning/sample_will.htm