HomeMy WebLinkAbout02-06-07
--.J
15D5bD41125
REV -1500 EX (06-05)
PA Department of Revenue '*
Bureau of Individual Taxes INHERITANCE TAX RETURN
PO BOX 280601
Harrisbura. PA 17128-0601 RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death
OFFICIAL USE ONLY
County Code Year
File Number
2 1, 0 6
o 4 3 8
Date of Birth
232017713
5 1 2 006
3121918
GRI BBLE
ROB E R T
MI
A
Decedent's Last Name
Suffix
Decedent's First Name
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix
Spouse's First Name
MI
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WillS
FILL IN APPROPRIATE OVALS BELOW
00 1. Original Return
o 4. Limited Estate
00 6. Decedent Died Testate
(Attach Copy of Will)
o 9. Litigation Proceeds Received
o 2. Supplemental Return
o 4a. Future Interest Compromise (date of
death atter 12-12-82)
00 7. Decedent Maintained a Living Trust L 8. Total Number of Sate Deposit Boxes
(Attach Copy of Trust)
o 10. Spousal Poverty Credit (date of death 0 11. Election to tax 1Jnder Sec. 9113(A)
between 12-31-91 and 1-1-95) (Attach Sch. 0)
CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytime Telephone Number
o
o
3. Remainder Return (date of death
prior to 12-13-82)
5. Federal Estate Tax Return Required
o 0 N A L 0 F 0 A V I S E S Q
Firm Name (If Applicable)
717
703
3 4 3 9
l"'-..')
c:::J
City or Post Office
ZIP Code
REGISTER ijf WJLLS USE OM. Y
'-.": ::IJ -"
~.~ ::g 0 rr1
)~~ ~
--, ("') 0 -0
~~3 ~irTl ~
::-n-f
ot-E FILED N
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~. '1.'.-; l=":J
LAWOFFI CE
First line of address
POBOX205
Second line of address
State
f'
( -) ~~;
NEWKI NGSTOWN
P A
1 7 0 7 2 -
Correspondent's 8-mail address: OONtmABWE.ORG
Under penalties of peljury. I declare that I have examined this return, Including accompanying schedules and statements, and to the best of my knowledge and belief,
it Is true. correct and complete. Declaration of preparer other than the personal representative is based on all Information of which preparer has any knowledge.
SIG E OF N RESPONSIBLE FOR FILING RETURN
~
A RESS
133 WHEATLANO OR
SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE
LEWISBERRY
PA 17339
DATE
ADDRESS
PLEASE USE ORIGINAL FORM ONLY
Side 1
L
15056041125
15056041125
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15056042126
REV-1500 EX
Decedent's Name: ROBERT A. GRIBBLE
RECAPITULATION
1. Real estate (Schedule A)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1.
2. Stocks and Bonds (Schedule B)
.................................. 2.
3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ..... 3.
4. Mortgages & Notes Receivable (Schedule D)
........................ 4.
5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ....... 5.
6. Jointly Owned Property (Schedule F) D Separate Billing Requested . . . . . .. 6.
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G) D Separate Billing Requested. . . . . .. 7.
8. Total Gross Assets (total Lines 1-7)
........................... 8.
9. Funeral Expenses & Administrative Costs (Schedule H) . . . . . . . . . . . . . . .. 9.
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) . . . . . . . . . . . . 10.
11. Total Deductions (total Lines 9 & 10)
. . . . . . . . . . . . . . . . . . . . . . . . . . . 11.
12. Net Value of Estate (Line 8 minus Line 11) . . . . . . . . . . . . . . . . . . . . . . . . . 12.
13. Charitable and Governmental Bequests/See 9113 Trusts for which
an election to tax has not been made (Schedule J) . . . . . . . . . . . . . . . . . . 13.
14. Net Value Subject to Tax (Line 12 minus Line 13) . . . . . . . . . . . . . . . . . . 14.
TAX COMPUTATION - SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate, or
transfers under Sec. 9116
(a)(1.2) X.O _
16. Amount of Line 14 taxable
at lineal rate X .0
17. Amount of Line 14 taxable
at sibling rate X .12
18. Amount of Line 14 taxable
at collateral rate X .15
o
o 0
15.
o
o 0
16.
o
o 0
17.
o
o 0
18.
19. Tax Due
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
Side 2
L
15056042126
Decedent's Social Security Number
232017713
3 2 1 6 5 5
1092573
1 4 3 4 6 0 5 9
1 5 7 6 0 2 8 7
8 4 0 7 3 6
1 0 8 9 8 9
9 4 9 7 2 5
1 4 8 1 0 5 6 2
1 4 8 1 0 5 6 2
0 0 0
o 0 0
o 0 0
o 0 0
o 0 0
o 0 0
D
15056042126
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REV-1500 EX Page 3
Decedent's Complete Address:
File Number
0438
DECEDENT'S NAME
ROBERT A. GRIBBLE
STREET ADDRESS
940 WALNUT BOTTOM RD
CITY I STATE I ZIP
CARLISLE PA 17013-
Tax Payments and Credits:
1. Tax Due (Page 2 Une 19) (1)
2. CreditslPayments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
0.00
Total Credits (A + 8 + C) (2)
3. InterestJPenalty if applicable
D. Interest
E. Penalty
0.00
TotallnterestJPenalty ( D + E) (3)
4. If Une 21s greater than Una 1 + Une 3, enter the difference. This is the OVERPAYMENT.
Fill In oval on Page 2, Line 20 to request I refund. (4)
5. If Una 1 + Une 3 is greater than Une 2, enter the difference. This is the TAX DUE. (5)
A. Enter the Interest on the tax due. (5A)
B. Enter the total of Une 5 + 5A. This is the BALANCE DUE. (58)
0.00
0.00
0.00
0.00
Make Check Payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred; .... ................... .... ........ ...... ............................. 00 0
b. retain the right to designate who shall use the property transferred or its Income; ............................... 00 0
c.: retain a reversionary Interest; or .. ................................;....... ...................................................... 00 0
d. recelve the promise for life of either payments, benefits or care?....................................................... 00 0
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receivlng adequate consideration? ................ ............................ ........................................... 0 00
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? ......... 0 00
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? ....................................:................. ~..........:............ .... .. .... .......... 00 0
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES; YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse
is three (3) percent [72 P.S. ~9116 (a) (1.1) (I)).
For dates of death on or after January 1, 1995, the tax rate Imposed on the net value of transfers to or for the use of the surviving spouse Is zero (0) percent
[72 P.S. ~9116 (a) (1.1) (II)]. The statute does not exemot a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and
filing a tax return are still applicable even if the surviving spouse is the only beneficiary.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an
adoptive parent, or a stepparent of the child Is zero (0) percent [72 P.S. ~9116(a)(1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries Is four and one-half (4.5) percent, except as noted in
72 P.S. ~9116(1.2) [72 P.S. ~9116(a)(1)).
The tax rate Imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. ~9116(a)(1.3)). A sibling is defined, under
Section 9102, as an individual who has at least one parent in common with the decedent, whether bybloocl or adoption.
REV-1508 EX + (8-98)
.
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
ROBERT A. GRIBBLE
ITEM
NUMBER
1.
2
3
4
5
6
7
FILE NUMBER
0438
Include the proceeds of litigation and the date the proceeds were received by the estate.
AR property jolntly-owned with right of survivorship must be disclosed on Schedule F.
DESCRIPTION
FEDERAL EMPLOYEES GOVERMENT LIFE INSURANCE
POBOX 2627
JERSEY CITY, NJ 07303
FULTON BANK ACCOUNT #3619-22505
POBOX 504
EAST PETERSBURG PA 17520
US OFFICE OF PERSONNEL MANAGEMENT RETIREMENT
RETIREMENT OPERATIONS CENTER
BOYERS PA 16017
PRUDENTIAL INSURANCE COMPANY OF AMERICA ANNUITY SERVICES
POBOX 7960
PHILADELPHIA PA 19176
GERMAN PENSION PAYMENT
DEUTSCHE POST AG 62598510506719
NL RENTEN SERVICE 13488 BERLIN GERMANY
CIVIL SERVICE US TREASURY
PENSION PAYMENT
VALUE AT DATE
OF DEATH
5,019.52
1,224.24
3,013.67
68.41
103.42
986.4 7
SOCIAL SECURITY US TREASURY
FINAL SOCIAL SECURITY PAYMENT
510.00
TOTAL (Also enter on line 5, Recapitulation) $
(If more space is needed, Insert additional sheets of the same size)
10.925.73
REV.1511 EX + (12-99)
*'
COMMONWEALTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
ROBERT A. GRIBBLE
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
FILE NUMBER
0438
Debts of decedent must be reported on Schedule L
ITEM
NUMBER
A.
DESCRIPTION
AMOUNT
1.
FUNERAL EXPENSES:
MEYERS FUNERAL HOME, INC
37 E. MAIN STREET
MECHANICSBURG PA 17055
7,888.00
1.
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
Name of Personal Representative {s} WILLIAM M. PI ERSON
SocIal Securily Numbe~s)IEIN Number of Personal Representatlve(s)
StreetAddress 133 WHEATLAND DRIVE
City LEWISBERRY State PA Zip 17339
0.00
B.
2.
3.
Year(s) Commission Paid:
AttomeyFees DONALD F. DAVIS, ESQ.
Family Exemption: (If decedenfs address is not the same as c1almanfs, attach explanation)
Claimant
Street Address
0.00
City
Relationship of Claimant to Decedent
State
Zip
Probate Fees CUMBERLAND COUNTY REGISTER OF WILLS
95.00
5.
Accountanfs Fees
6.
Tax Return Preparel's Fees
ESTATE ADVERTISING CUMBERLAND LAW JOURNAL AND SENTINAL
179.36
TOTAL (Also enter on line 9, 'Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
8.407.36
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not Ust Trustee(l) OF ESTATE
I. TAXABLE DISTRIBUTIONS pnclude o~ht S~I distributions, and transfers under
Sec.9116 (a (1. )]
1. Collateral
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18. AS APPROPRIA TE, ON REV-1500 COVER SHEET
ll. NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAXIS NOT BEING MADE
1.
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
1. ABWE FOUNDATION, INC 148,105.62
522 LEWISBERRY RD
NEW CUMBERLAND PA 17070
TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $. 148.105.62
REVO'513EX+W
COMMO~THOFPENNSVlVAN~
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
ROBERT A GRIBBLE
SCHEDULE J
BENEFICIARIES
FILE NUMBER
0438
(If more space is needed, insert additional sheets of the same size)
May 01,2006
ABWE
Asset Review Report
RGRIBBLERO - Robert Gribble
Asset 10 Shares/Units Description
Cornnents
Book Value
Market Value
Bonds
Corporate Bonds
DEL T A2
it
5,000.0000
5,000.0000
Delta 9.25% 3/15/22
Total Corporate Bonds
1,237.50
1,237.50
1,237.50
1,237.50
**
5,000.0000
Total Bonds
1,237.50
1,237.50
Time & Demand Accounts
Money Market Accounts
MERL YNRA T 900.3700 Mer Lynch Ready Asset Trust 900.37 900.37
it 900.3700 Total Money Market Accounts 900.37 900.37
** 900.3700 Total Time & Demand Accounts 900.37 900.37
Mutual Funds
Taxable Mutual Funds
EXETERIMFD 10,537.1200 Exeter Pro-Blend Moderate
VANKMPCEMF 544.0000 Van Kampen Pace
it 11,081.1200 Total Taxable Mutual Funds
itit 11,081.1200 Total Mutual Funds
*it* 16,981.4900 TOTAL INVESTMENTS
135,507.36
5,815.36
141,322.72
135,507.36
5,815.36
141,322.72
141,322.72
141,322.72
143,460.59
143,460.59
Income Cash
Principal Cash
Investment Book Value
TOTAL BOOK VALUE & CASH
$0.00
$0.00
$143,460.59
$143,460.59
1057 0052
3498 Y
Fulton Bank.
LISTENING.
STATEMENT OF ACCOUNTS
3619-22505 X
STATEMENT PERIOD
FROM THROUGH
5-01-06 5-31-06 9
PAGE 1 OF 1
'...11'...111...1...1..1..111.....1.11'....'.1.11....1.'....'11
ROBERT GRIBBLE
C60 DONALD F DAVIS ESQ
P BOX 205
NEW KINSGTON PA 17072-0205
o ENCLOSURES
o
INTEREST CHECKING NO SAFEKEEPING
PREVIOUS DEPOSITS/ CHECKS/
STATEMENT BALANCE CREDITS 5 DEBITS
237.77 1,669.11
ACCOUNT: 3619-22505
SERVICE
o . FEES
.00 .00
ENDING
BALANCE
1,906.88
INTEREST PAID THIS YEAR
ACCOUNT/INTEREST INFORMATION
5.96
DATE ACTIVITY DESCRIPTION REFERENCE DEPOSITS/ CHECKS/ BALANCE
CREDITS DEBITS
05-01 BEGINNING BALANCE 237.77
( 05-01 US TREASURY 312 00077900000 9~6.47 ~/
CIVIL SERV 050106 ,"'7 i-
A.2199953 0 CSA '~,2~.~.~/'
05-03 US TREASURY 303 00077900000 ., 510.00 ..A'; .".._
SOC SEC 050306 .~:
XXXXX7713A SSA .. ," 1,734.24
05-22 PRUDENTIAL II 00077900000 68.41 ...;~
, i>>AYMENT MAY 06
XXXXX7713 1,802.65
05-31 DEUTSCHE POST-ST 00077900000 103.42
PENSION
62598510606719
05-31 INTEREST CREDIT ..81 1,906.88
05-31 ENDING BALANCE .., -~ 1,906.88
"-
*** ANNUAL PERCENTAGE YIELD EARNED DISCLOSURE FROM 5-01-06 THROUGH 5-31-:06 ***
ANNUAL PERCENTAGE YIELD EARNED .55%
AVERAGE DAILY COLLECTED BALANCE 1,726.74,
INTEREST EARNED . .81
SERVICE FEE BALANCE INFORMATION FROM 5-01-06 THROUGH 5-31-06 .
AVERAGE LEDGER BALANCE 1,726.74 AVERAGE COLLECTED BALANCE
MINIMUM LEDGER BALANCE 1,224.24 MINIMUM COLLECTED BALANCE
1,726.74
1,224.24
EFFECTIVE JULY 1~ 2006 OVERDRAFT FEES (FOR PAID ITEMS) AND
NSF (NON-SUFFICI.I5NT FUNDS) FEES (FOR RETURNED ITEMS) APPLY
TO OVERDRAFTS CREATED BY CHECK J. tN-PERSON WITHDRAWAt, AIM
WITHDRAWAL, OR OTHER ELECTRONIli MEANS.
-:t- .
/.......
(,
'.- ..~,..
........
DIRECT FULTON BANK DIRECT BANKING CENTER
INQUIRIES TO: PO BOX 504 .
EAST PETERSBURG, PA 17520-0504
Member F.n.I.C.
fultonbank.com
"
I, ROBERT A. GRIBBLE, of Rochelle Park, New Jersey,
hereby revoke my prior wills and codicils and declare this
to be my will.
FIRST: I direct that all my just debts, expenses
of last illness and funeral expenses be paid and satisfied
by my executor hereinafter named as soon as conveniently
maY,be done after my decease.
SECOND: I give, devise and bequeath absolutely
all the rest, residue and remainder of my estate to my wife,
BERTHA M. GRIBBLE, provided she survives me for a period
of thirty days. In the event my said wife predeceases me
or dies within thirty days of the date of my death, I give,
devise and bequeath the residue of my estate to ASSOCIATION OF
BAPTISTS FOR WORLD EVANGELISM, INC., located in Cherry Hill,
New Jersey.
THIRD: My executor and/or trustee, including
any successor or surviving executor and/or trustee, hereunder,
in his, her or its respective legal capacity, shall have
the following powers in addition to the powers vested in
fiduciaries by law, to wit:
A. To retain any property or investment comprising
R.eHElt.GUINER. . UAD
COUNHLI.OU AT tNr
::.umDl,NIlY JIlIUIlT 011I01
my estate at.my death for such~e;ngth of time as my executor
\leJ '",. '. .
and/or trustee may think proper ,.u~~'~'~~~,J'_":83tihili ty by reason
-,~-' ii:.."J.:: /,')
2 ~ :8 ,./11 2 "J
~ J (, A WI gOOl
S"I i~;i:! :JD .~.(:", :..', I
dO 3J/:1JO 090~OJ;b..
of such retention.
, .
ARCHEK.GIUUNER.. READ
c;oUNSIU.OU n LAW
c:AUl)IlN.N.... JEUIT GaOl
~. " '. .
B.
To make such investments and reinvestments
of principal and any accumulated income and in such proportions
without limitation to what are known as legal investments
as my executor and/or trustee, in his, her or its sole discretion
may consider proper, inc~uding but not being limited to
holding cash balances and tangible personal property, and
investments in preferred and common stocks of any corporation
(including stock in any corporate fiduciary qualifying hereunder)
and interests in common trust funds (whether or not operated
by any corporate fiduciary qualifying hereunder), it being
my intention to give to my executor and trustee broadest
powers of investment.
C. To alter, repair, improve, sell, mortgage,
lease, exch~ge or otherwise develop, operate or dispose
of any real or personal property a part of my estate at
any time for such prices and on such terms and in private
or public transactions as shall seem proper in the sole
discretion of my executor and/or trustee, without liability
on the purchasers to see to .the application of the. purchase
money or without requirement on the part of such fiduciary
to secure court authorization or approval of such sale.
D. To make distributions hereunder in cash or
in kind or partly in cash and partly in kind, and in such
manner as my executor and/or trustee may determine, and
at valuations finally to be fixed by my executor and/or
trustee.
E. To hold any trust shares hereinabove provided
for as separate trusts or to hold them or any number of
them as one trust.
F. To compromise, arbitrate, or otherwise adjust
claims in favor of or against my estate.
-2~
'.f' .
FOURTH.; I nominate, constitute and appoint lilY
. wife, BERTHA M. GRIBBLE, executor of this my will. Should
such executor fail to qualify or, having qualified, cease
to act.as executor, then in such case I nominate, constitute
and appoint to ser~e in such capacity as executor ASSOCIATION
OF BAPTISTS FOR WORLD EVANGELISM, INC., located in Cherry Hill,
New Jersey and WILLIAM M. PIERSON. I direct that no executor
shall be required to give bond or security for the faithful
performance of his, her or its duties in any jurisdiction
whatsoever.
LASTLY: Any designation of a fiduciary or fiduciaries
either by title or by personal pronoun shall be construed
liberally to include such gender or genders and/or numb~r or
numbers as actually correspond to such fiduciary or fiduciaries
as are then acting.
IN WITNESS WHEREOF, I have hereunto set my hand
and seal this 1st day of February, A. D., nineteen hundred
and seventy-two.
.t1~ . r!'~ (L5)
_ . RIBBL~
SIGNED, SEALED, PUBLISHED, ACKNOWLEDGED AND DECLARED
by the above-named ROBERT A.I GRIBBLE, as and for his last
will, in our presence, who, at his 'request, in his presence
and in the presence of each other, all being present at the
subscribed our names as witnesses.
'.RCHEa.OJUlINER. RBAD
COUMSaU.OlU JI"Z I-^'IF
CAMDB!f.Nay .JI!U~Y'-OIIOI
'/?C)d~.~tf.L
,. / f'
3ItiJ.i/~ .~.:,' ~ ~ ~!.
~p O-~;",,(tb':"'~dy.<;~dZ...,k'" 4,. )7.;.
, . , ,. I
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~
REVOCABLE TRUST n
This trust agreement made this 24th day of May, 1985,
between ROBERT A. AND BERTHA M. GRIBBLE (Grantors") and THE ASSOCIATION
OF BAPTISTS FOR WORLD EVANGELISM INC., a not-for-profit religious chari-
table corporation of Cherry Hill, New Jersey ("Trustee"), WITNESSETH:
That the Grantors transfer to the Trustee the property
,
described in the attached Schedule "A", and the Trustee agrees to hold,
administer and distribute all of the assets (together with all additions
and reinvestments) in accordance with the following terms and provisions.
ARTICLE I
The Grantors may revoke or amend this agreement in
whole or in part, and alter or terminate the trust created by it during
their lifetime by notice in writing filed with the Trustee at least
thirty (10) days prior to the effective date thereof, provided, however,
that the duties and responsibilities of the Trustee shall not be modified
or altered except upon the written consent of the Trustee.
ARTICLE II
During the life of the Grantors, the,Trustee shall
receive, hold and manage the trust property and apply such part of the
income and principal as in its discretion shall be necessary for the
support, comfort and welfare of the Grantors in their accustomed manner
of living. Any income not so used shall be accumulated and added to
principal from time to time.
ARTICLE III
Unless sooner terminated, as provided in this agree-
ment, upon the death of the Grantors, this trust shall terminate and the
assets, together with accumulated income, shall be distributed to the
ASSOCIATION OF BAPTISTS FOR WORLD EVANGELISM INC., P.O. Box 5000, Cherry
ijill, New Jersey 08034, for its general corporate purposes.
- 1
. .
~
ARTICLE IV
The Trustee may resign at any time by giving written
notice, received by Grantors at least thirty (30) days prior to the date
specified as the effective date of the resignation. In such event, the
Grantors shall have the right to appoint a Successor Trustee and if the
Grantors shall fail to do so within thirty (30) days, the Trustee shall
have the right to petition a court of competent Jurisdiction to appoint
a Successor Trustee hereunder. Promptly after receiving notice of the
appointment of a Successor Trustee, the Trustee shall render its final
accounting and shall transfer and deliver to such Successor, all trust
assets together with income then held by it and have no further duties
under this agreement. Every Successor Trustee appointed under this
agreement shall possess and exercise all powers and authority conferred
by this agreement upon the original Trustee.
ARTICLE V
By way of illustration and not of limitation and in
addition to inherent or statutory powers conferred on trustees by the
laws of the State of New Jersey, the Grantors expressly grant to the
Trustee the following powers, to be exercised in its sole and absolute
discretion:
A. To retain any property received from the Grantors
or to invest or reinvest the same in its sole discretion;
B. To invest or reinvest the trust assets and/or
income in any property or undivided interests in property, wherever
located, including bonds, notes, stocks of corporations, real estate, or
any interest in real estate, and interests in trusts, common trust funds,
and to keep and maintain funds in savings or other accounts, without
being limited by any statute or rule of law concerning investments by
trustees;
C. To buy, sell and trade in securities of any
nature including short sales on margin, and for such purposes may
maintain and operate margin accounts with brokers and may pledge any
- 2
securities held or purchased by them with such brokers as security for
loans and advances made to the trustees;
D. To determine the manner of ascertainment of
income and principal, and the allocation or apportionment between income
and principal of all receipts and disbursements and to pay all fees
incurred by the trust out of income or principal as it shall, in its sole
discretion, determine to be in the best interest of the beneficiaries;
E. To take any action and execute any instruments
necessary in the conserving or realizing upon the value of any trust
property;
ARTICLE VI
The Trustee may, at any time, and from time to time,
or as requested not more than quarterly by the Grantors, render an
account of its transactions with respect to the trust assets, and the
Grantors shall have full power to settle finally any such account, and
on the basis of it, to release the Trustee from all liability, responsi-
bility or accountability for acts or omissions as Trustee.
ARTICLE VII
The Grantors shall have the right to make additions to
this trust agreement subject to the consent of the Trustee.
ARTICLE VIII
The word "Grantors" as used herein shall be taken to
include either Grantor or the survivor of them and any actions taken or
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notices given by either shall be deemed to be authorized by the other
unless contrary notice is received by the Trustee in writing signed by
the other.
ARTICLE IX
The agreement shall be construed and regulated in all
respects by the laws of the State of New Jersey.
IN WITNESS WHEREOF, the parties have executed this
instrument in duplicate the day and year written below and to take effect
the day and year first above written.
~~ttlt~
(Grantor)
~~b ~ ~~
(Grantor) (/
ASSOCIATION OF BAPTISTS FOR
WORLD EVANGELISM INC.
(Trustee)
~A
IUdLJ
Treasurer
STATE OF NEW JERSEY
COUNTY OF CAMDEN
Before me, an officer of said State and County, duly authorized to
administer oaths and take acknowledgments, personally appeared WILLIAM M.
PIERSON and DONALD F. DAVIS, respectively Treasurer and Director of
Planned Giving of THE ASSOCIATION OF BAPTISTS FOR WORLD EVANGELISM INC.,
to me well known to be the persons described in and who executed the
foregoing instrument, and they severally, duly acknowledged before me
that they freely and voluntarily executed the said instrument for the
purposes therein expressed, and that the said instrument is the act and
deed of said corporation.
TN WITNESS WHEREOF, I have hereunto set my hand and official seal at
Cherry Hill, said County and State, this r;-p- day of ~
A.n. 19~~
~Q--.~~
Notary lic, State of New
Jersey at Large NOTARY PUBlI
My commission expireSMy C~~lt J ~ OF NEW JERSEY.
. · '-' . i.... Qe'~b-. 5.19.8.(
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