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Home My WebLink About96-00470 ~ Mellon Bank I'll II.., ;',"'" I'hll;\ddphl;l. 1'.\ 1!1\1l1 ';',"i~I~1 December 12, 1996 00 :Il~ em ~ 3 :7, Register of Wills 0'": ~8 ," ,- Cumberland county Courthouse :;>. 0 "r~ ., n ': ,~' Carlisle, PA 17013 ~' - ,- 0\ I '-, C. ...... ,. .--. .,.,-. ;. -' "0 ;t i.~ Re: Isabel H. Reynolds, Deceased .. d - iiio Died: March 13, 1996 "0<.: (,.j )>;4 - File #: 21-1996-0470 - Dear Sir: Enclosed in duplicate is the pennsylvania Inheritance Tax Return for the above decedent together with the following: 1. Isabel H. Reynolds Will dated December 4, 1985 2. William B. And Isabel H. Reynolds Joint Trust Under Deed dated January 3rd, 1990, with supplemental Beneficiary Schedule also dated January 3rd, 1990 3. Real Estate Settlement Sheet regarding 631 Wilson street Also enclosed is a check to your order in the amount of $3,791.23 in payment of the tax due, as well as a second check in the amount of $15.00 in payment of the filing fee. please note that the will was not probated. Please send us your official receipt. sincerely, ,') , jiG neu {( I-~Jl' -V/( Francis A. Boyle Trust Officer cc: Stephanie covahey, T.O. William S. DanielG, Esq. , \ . \ '): . " '" \. " _.J -." .- -. ca.. :E!a. (1)0 (1)_ cam G: !: !. - ... ,......'.'\,\'................."..... \ I I I \ I , 1;) .. .- u. .- ~8: c;") ('> . i! .- '-:'(3 0.- " \0 ::1 .- ~ '.- .~;; ~1li' - -01;; C) ~~ UI ~ G ex: \ I I I I I :;t c: o III c: .Q Qj :E ~ -, .'. -. --- 'f " ~ " e '" Ul :> o '" ~ :> OM U... Ul~g :JZ- -:> ~O..: Up.. \:)", ~'" ":...l...l t.IJ~tr. l-'",_ Ul"'...l -:.:..: '-';5..: ~UU . ,\ . :'''; . i ; . ..,:. .~ ,.- T ..'~A m TOTAL AMOUNT PAID $3.791 .23 CW (}..-.A /l ~tl , RECEIVED 8Y //MJr~"c:;'N:T~i1. "hI..(/?~ MARY C. L~ S .40"Ut;C.#~ REGISTER OF WILLS ~ D NO. AA 184964 COMMONWEALTH OF PENNSYLVANIA DlPARTMENT OP REVENUE OFFICIAL RECEIPT · PENNSYLVANIA INHERITANCE AND ESTATE TAX .' 1fY,1"'1I""~ RECEIVED FROM: ACN ASSESSMENT r;t CONTROL iiI NUMBER AMOUNT & MELLON DANK NA 101 5;:1,I'fl.c3 10 SOUTH 2ND STREET HARRISBURG, PA 17108'-1010 ESTATE INFORMATION: !II FilE NUMBER g 21-1996-'01,70 !II NAME OF DECEDENT (LAST) 1;1 REYNOLDS ISABEL Ii II DATE OF PAYMENT B POSTMARK TE COUNTY SSN 168-36-7008 (FIRST) (MI) CUMBERLAND DATE OF DEATH REMARKS MELLON BANK NA SEAL CHECKII 0000019120 REGISTER OF WillS ..-' ---..,.."...- , ---- .__h..04..--........IlcI. -(~ 1" -1:. ~- I ,') 1(\ <;" ~ REv-"om'I""1 INHERITANCE TAX RETURN ~~~8~~i~~~FDft~MmfllV3\19' RESIDENT DECEDENT POVERTY CREDIT 15 ClAIMED co....aHW(.Lst'O'P(HHOYLV.HIA (TO BE FILED IN DUPLICATE FILE NUMDEfI D(PART..(HT a' R(V(HU( 21 1996 "'RR"~~=~.'::~~~21'''OI WITH REGISTER OF WILLS) COUNTY CODE YEAfI DECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL) DECEDENTS COMPLElE ADDflESS RE'iNQlDS ISABEL H 631 Wilson street SOCIAL SECURITY NUMBER Carlisle, PA 17013 DECEDENT 168-36-7008 03 13 96 07 09 1906 Caun curnberlard II . LI' L )' U VIV,H sr uS 'S H'''( ILA SOCIAL SECURITY NUMBER AMOUNT RECEIVED (SEE INSTRUCTIONS) t=IRST AND MIDDLE INITIAL) (~., . 0470 NUMBEfI 1, O~glnol Rolurn (for datu 01 dulh pflor to 12-13-121 o 5. Fodarol Eslolo Tox Rolurn Roqulrod o 48. Futuro Inlorosl Compromiso (lor dolos 01 doolh oltor 12-12-B2) lB B. Doeodonl Diad ToslolO !9 7, Docodonl MoInlolnod 0 Uvlng Trusl (An.ch c:opy 01 Will) (Anoch c:opy al Trusl) AW'CORRESPONDENCE AND CllNFIDENTlAL TAX INFOOMATIOtI SHOUUl DE DIRECTED TO: NAME COMPLElE MAILING ADDRESS Mellon Bank N.A. FranCis A. le Mellon Bank, N.A. TELEPHONE NUMBER ro BoX 7899 Room #193-0224 215-553-8649 Philadel ia PA 19101-7899 1. Rool EsI.lo (Sehodulo A) ( 1 ) None 2. SIOc:ks .nd Bonds (Sehodulo B) ( 2 ) None 3. Clasoly Hold Stac:klPor1nolshlp InlorOSI (Seh, C) ( 3 ) None 4, Mortgog.. .nd Nat.. Rocolvoblo (Sehodulo D) ( 4 ) None (') (') 5, Cosh, Bonk Doposlts & Miscollonoous POlsanlll ( 5 ) 10,803.77 F, i?' Proporty (Sehodulo E) . B. Jalntly Ownod Praporty (Sehodulo F) 7. Tr.nsfa'" (SehDdulo G) (Sehodulo L) B, TOlol Gross AssolS (Ialol Unos 1-7) 9, Funarol Expansos, AdmlnlsttaUvo eosls, MIsc:ollanoous Expanses (Sehodulo H) 10, DobIS. Mortgago U.bIliUos, Uons (Sehadulo I) 11, Totol DoducUans (Iotal Unos 9 & 10) 12. Nat Valuo 01 Eslalo (Uno 8 minus Uno 11) 13, Charit.blo .nd Gavornmonlol BoquoslS (Sehodulo J) . 14. Nat Valuo Sub oct ta Tox (Uno 12 minus Uno 13) 15. Spou.al Tran.hr. (for datu of dulh ,ft., B.30-1I~~ St. In,truction,lor Appllcabl. p,re.niag' on P,g. 2.llncludt valun from 5th.dul. Kot 5ch.dull M.I 19. Amount of Uno 14toxoblo at 6% rata (Ineludo valuoslram Sehodulo K or Sehodulo M.) 17, Amount of Uno 14toxobla .1 15% r.lo (Ineludo valuas tram Sehodulo K or Sehodulo M.) TAX lB, P~ncIpal tox duo (Add toxlrom Un.. 15, 16 .nd 17.) COMPUTA- 19. Credits Spou..1PovlttyCr.di: Prior Payments Discount nON + 33,673.00+ 1,772.00- 20. II Uno 191s ra.lor than Uno lB. onlor Iho dilloronco on Uno 20. This Is Iho OVERPAYMENT. A).i ChHkho... ",00'....',. ii<ii1ln Ii refund or our ov. ont,'" 21, II Uno lB Is gro.lor th.n Uno 19, onlor Iho dilloronco on Uno 21. This Is Iho TAX DUE. A, Enter tholnlorost on tho bal.nco duo an Uno 21A, B. Entor tho lotal 01 Uno 21 .nd 21A on Uno 21B. this Is Iha BALANCE DUE. Mak. Ch.ck pa abl. 10: R. IsI.r of Willi, A .nl lii1!i!::!lIi\iijH:!!!!ill\:WlHiUiii:lll\Hll\i!I\1I!!i1lil:..:lIiH:.':BE'SURE,TO 'ANSWER ALC:aUESTtONS ON PAGE ~ AND 10 RECHECKMAlH".: :,. ;::".' "'.' ~:;'!I:-::;\,;I odor pon os 0 perjury, doclaro that havD oxarrinod this return, ncludmg accompanying schodu os and slatomont" and to lho best 0 my knowlodgo Bnd bolla', tt Is truo, correct Bnd comploto. I doclaro that all roal ostato has boOn roportod al truo mar1<ol value. Doclaration 01 proparof othor than tho porsonal fO rosontaUvo Is based on al1lnformatlon 01 which roperer has an knowlod o. SlO"'TURE 0' PERSOH~E~poH",e~ 'ORFlLlI)O RETURH .DOR(S';'\1" 8 nk (Eal') N.A. .l . - ) ,.-,,- l II ,.~,.on B SIONATURE OF PREPAREA OTHER T CHECK APPRO- PRIA11: BLOCKS o 4. Umllod Esl.lo CORRES- PONDENT RECAPIT- UlAnON 3. Romalndor Roturn 9. Tatol Number 01 Solo Doposlt Boxos i:I:, '0 u. :D~ t;') (") ':'.R .... r,. J ~T, ", l~ , ~ C"307 ,944.05 :-:f/ ~~:'l (;'40 - ( B) (7) None 297,140.28 c::J n - (B) 0'1 (9) 29,917.12 -0 - (10) 1,452.08 31,369.20 276,574.85 15,000.00 i .i (11) - (12) (13) (14) 261 574.85 (15) x , . (16) 0.00 x ,06 . 0.00 (17) 261,574.85 x 39,236.23 .15 . (1B) 39,236.23 Interost 35,445.00 (19) (20) (21) (21A) (21B) 3,791.23 0.00 3,791.23 D1JEC 1 2 1996 ~&W1MIV"ll- .ODR(SS' . ;:, I un 1<. " < P!'.l\~dolphla, Pa,19101.7B99 DATE PAISOOI HTF"to cOPY'taht Faun SoftwlI' 0"1.,.. ,1Ji4 NllCO,lne. N;"PAQQ' PA REV-'~ EX (7-04) P.go 2 Acl H48 011994 plovldollol Iho roducllon 01 tho lox rotol Impolod on Iho nol voluo ollronllorl 10 01 lor Iho UIO 01 Iho IpOUIO, Tho ralol al prolcrlbod by Iho stotulo will bo: . 3% (.03) will bo appllcablo 101 ollotol 01 docodonls dying on 01 ollor 7/1/94 and bololo 1/1/96 . 2% (.02) will be applicable 101 ellalol 01 docodentl dying on or altor 1/1/96 and belole 1/1/97 . 1% (.01) will be applicable lor eslalel 01 decedents dying on or alter 1/1/97 and belore 1/1/98 . Spousal Ilanllels occunlng on or alter 1/1/98 will be exempl Irom Inheritance lax. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING A CHECK MARK (v) IN THE APPROPRIATE BLOCKS. YES NO 1. Old docedenl make . tr.n_ter .nd: e. reloln Ih. use or Inc:ome ollhe propel1y tr.n_terred., , , , , . . .. , . , . .. , . . . , . . . .. , , , .. , , , .. . . . .. , . . , , , , , , , , , , . , , , . , , . , . , X b. reloln Ihe rlghl to deslgn.le who _holl uselhe propel1y tran.lerred or II. Income., ., , ,.......,........", ,.'" , '" , ,.'"., , X c, relolnareYerslonlllYlnlerll1l~or,..,.,..,.,."",......",..",.,."",.,..,."."""."".,........"..,...." X d, rocelve Ihe proml.e lor lite 01 ol1her paymenls, bonefils or care? , '..., ,...,..',., ,.. , , ,.. , , ""..", ."" .,.., ,.,'. ,., X 2. II de.lh occurred on or bolore Docember 12, 1982. did docodenl wilhln Iwa yeara procedlng dooth tr.n.ler prapel1y wilhout roceMng edequate conslderetlon? II de.lh occurred .her Docember 12, 1902, did docedenl tran.fer propof1y within one year 01 deelh wilhout rocoMng edequate conslderatlon? .. , . . , . . , . , . , , . . , .. , , , , , , . . , , , . .. . , . . , . . , . .. , . . .. . . , .. , . . , .. . . . .. . . . , , . . , .. , . , . X 3. Dlddocedenlownan'nbu.tlo( bank ac:counlal hi. or herdo.lh?"",..",.."",..,.""..",..,..,......."."..,.,. X IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. PA'~Z NT..... Copyrlghl Fa,,". SDft...,. CnIV. 1114 Nllco,lnc. Nt4PA002 . REV-tlOI IX. (1"17' COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAlC RETURN RESIDENT DECEDENT ESTATE OF ISABEL H REYNolDS All oln 'own.d wtth th. RI hi 01 Survlvor.hl ITEM NO. SCHEDULE E CASH, BANK DEPOSITS AND MISCELLANEOUS PERSONAL PROPERTY I Plo.so Prln. or Tv 0 FILE NUMBER mU.1 be dl.clo..d on Sch.dul. 21-1996-0470 DESCRIPTION VALUE AT OATE OF DEATH " , 1 Cash fOUl'Xl in rJ"""'dant' s residence 2 Proo ......i~ fran the sale of personalty 3 Blue Cress - Blue Shield, premium refurxi 4 Forest Park Health Center, refurxi 5 PA Oeparbnent of Revenue, refurxi of 1995 Irxtividual Incare Tax 6 PSms pension check 9.50 8,237.30 117.55 1,891.00 123.20 425.22 PAI5081 NYF 1m TOrAL Also onlor on IIno S, Roe. 11u1.lJon $ (Anoeh .ddllJonal81/Z' x 11' sheets" moro sp.ce Is noodod.) 10803.77 Copyright Fo,.... SOftWlI'1 Only, tl14 Hlko, I"Co HI4PAO't . REV-l~10 EX . (2-07) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RET\JRN RESIDENT DECEDENT ESTATE OF SCHEDULE G TRANSFERS PLEASE PRINT OR TYPE FILE NUMBER ISABEL H REYNOIDS 21-1996-0470 THIS SCH, MUST BE COMPLETED' FILED IF THE ANSWER TO ANY OF THE QUESTIONS ON THE REVERSE SIDE OF COVER SHEET IS YES. DECD, . DOLLAR VALUE DESCRIPTION OF PROPERTY ITEM Includo """'" althol1anlloroo. tholr EXCLUSION TOTAL VALUE % OF DECEDENrS NO. rolallanlhl;;-to docodont. dato all1.nllor, OF ASSET INT. INTEREST 'lhe follCMin;J assets were held in the william am Isabel ReynOlds Joint TrUSt Urder Deed dated January 3, 1990, Mellon 1\CCOJllt #242-4BN. william predecE'''<:M Isabel. TrUst principal is payablE to a charity arxl. three irdividuals listed on a SUWlemental Beneficiary SChedule also dated January 3, 1990. 'Ihese irdividuals arxl. charitable entitiy are listed on SChedule J. 1 Real Fstate: 631 wilson street 95,000.00 Carlisle, PA saleproceer"'" (Settlement sheet enclosed) 2 8,188 shareS OF Intermediate Bard 96,245.69 FUnd CUSIP #990100240 @ 11.754481 3 1,128 shares OF GoVerrrent 105,894.59 SecUrities FUnd CUSIP #990103004 @ 93.878183 TOTAL (Also ontor on IIno 7. ROC.pltul.lIaOl $ 297,140.28 (11 maro Ipacoll noodod.lnlort oddiUanollhootl oil""", Ilzo,) PA1510t NTF "'fA Copyrl;ht Fall'" Sollwa,. Only, tlI. N.lco,lnc. NI4PA'01 \ RtV~II" U.(1-"1 SCHEDULE H FUNERAL EXPENSES, ADMINISTRATIVE COSTS AND MISCELLANEOUS EXPENSES Pl.... Print or Typ. COMMONWEAL Ttt OF PENNSYLVANIA INttERITANCE TAX RETURN RESIDENT OECEDENT ESTATE OF ISABEL H RE'lNQrDS ITEM NO. A. Fun.ral Exp.nooo: FILE NUMBER 21-1996-0470 DESCRII'TICN AMOUNT 1 Hoffman-Roth Funeral Hare, professional services 7,005.00 B, Admlnl.lroUv. Co.la: 1. Poraonol Roprosonl.Uvo Convnlsslons 10,740.00 5oelol5ocu~l'( Numbor 01 Porsonol Roprosonlatlvo: 25-0653906 Vou Convnlsslon. pold Name: Mellon Bank N.A., Trustee 2. Attorney FOBS 9,000.00 Name: Humer & Daniels 3. Family ExompUan 0.00 Clolm.nt RolaUanship Addross 01 Clolm.nt at doeodonr. doalh Stroot Addross Cll'( St.to Zip Codo 4, Prob.to Foo. 0.00 C. MI.e.Uan.ou. Expen...: 1 Personal property auction fee 2,435.30 2 Personal property, trash removal 200.00 3 steven W. Barrett, real estate appraisal fee 250.00 4 Real estate settlement CXlSts 21. 82 5 Register of WillS, CUmberlarrl County, filing fee for PA 15.00 Inheritance Tax Return 6 Reserve for settling estate adminsitration 250.00 TOTAL (Also nnlor an Una 9, Roeapitul.tian) S (If more apace II needed, Insert addlUonalaheetl of lame Ilze.) 29 917.12 PA151l1 "fF 12" COP'r'lght Fotm. 5011..,. 0"1,.. tn.. N.lco.I"Co N94PAt 11 - , ~, .mINr 'nU>T llNIEl IF.ED We, William B. ReynOlds an:i Isabel H. Reynolds, of Borough of Carlisle, PennSYlvania, as tenants by the entirety tranSfer to ~ NATIONAL BlINK, Trustee; direct that upon oor death our trustee shall collect any life insuranCe held in this trust; an:i direct that all the property an:i any additions be held IN 'lRlsr as follows: ~OOS FeR am IlI'}lEFlT I. Lifetime Trost: until the death of the survivor of us, oor trustee shall invest an:i manage the property as a separate trust, an:i Irake distrililtions as follows: A. Pavments: CXIr trustee shall pay any part or all of the principal an:i incane in accordance with written directions fran either of us, \</hich may be charqed at any tiJre by either of us. CXIr trustee may honor oral directions as lONJ as it believes the requests are authorized by either of us an:i pays the funds to either of us, to both of us, or to any bank or trust account of either or both of us. 1Irrj payment at any tiJre an:i for any reason may be made to a joint bank account of oors. After the death of the first of us to dier payments may be made only to the survivor or in accordance with the survivor's directions; B. Balance: 1Irrj remainin:3 net incane fran time to tiJre shall be added to the principal or invested separately; hC7,/E!Ver, C. oisabilitv: If oor trustee believes both of us are incapable of harxllirq oor CM'\ affairs it need not follow oor previoos directions regard.irg payments durirq oor lifetimes. Instead, oor trustee may awly part or all of the principal an:i incane in any way it believes will benefit either or both of us, or any person dependent on either or both of us. If only one of us is :ioo<l{"'hle, the other may act for either or both of us. ~oos ~ 'IltE ~'S IEA1H II. Di<:nn'Oiticn: After the death of both of us oor trustee shall invest an:i manage the property as follows: A. Power of ADoointrrent: 1Irrj principal held uroer the lifetiJre trust shall be paid to such one or It'Ore persons, organizations or estates on such terms as the survivor of us may appoint by a will specifically referrirq to this power of appointment. Each of us may appoint one-half of that principal if we die at the same time. In default of appointment or insofar as it is not effective, the then-remainin;J principal an:i additions made after the death of both of us shall be paid, B. To Named Beneficiaries: To certain beneficiaries either of us I'ICIIl'eS on a SUWlemental beneficiary schedule. I-f that schedule is not approved by oor corporate trustee or not in existence at the death of the survivor of us, then, 'ol , r-/' / """' c. PaYment 'Ib Fsta~: Any principal Which does not effectively pass un:ler the above Provisions shall be paid to the legal representative of the estate of the survivor of us, or one-half to the legal representative of each if we die at the same t:lme. III. E1lrlv Ehlirn of Tn~: If our tnJstee, in our tnJstee,s sole discretion, detennineS that it is desirable to do so, our tnJstee may erxl any trust un:ler this deecJ. A. Method: C>.lr tnJstee may erxl any trust un:ler this deecJ by payin; the then rema.i.nirq principal an:! incane of that trust to the PGrson then eligible to receive the incane of if there is more than one person, to them in SUch Prcportions as my tnJstee thinks appropriate. Alternatively, pa}ll1lent may be made to any trust Which my tnJstee believes will be more appropriate, even though there may be other benefiCiaries; an:! B. Minol11: if any PGrson is a minor or is, in our tnJstee;s OPinion, disabled by illness or other cause an:! unable to Properly manage tha funis, our tnJstee may pay the funis to his or her IJarent or gtlardian or to any person or organization taIc:I.rq care of the person. In the case of a minor, our tnJstee also may deposit the funis in a savin;s ac:coont in the minor's name payable to the minor at majority, or appoint an:! pay the funis to a CUStodian for the minor under the Uniform Gifts or Transfers to Minors Act of any state. C>.lr '1'rustee shall have no further l"eSponsibility for funis so paid or ' deposited. IV. Riatrt:... in ~: If a trust is fUnded fran a larger share, it shall be entitled to a Proportionate Clll'alnt of'incane fran the tiJne the trust is to begin until the actual t'uncling. 1Xtrin; that period incane an:! principal may be distrib.rt:ed directJ.y to the benefiCiaries, SUbject to the terms of the trust. All incane llI'ldistrib.rt:ed at a beneficiary's death shall be treated as if it 'had aClC::rued after his or her death. V. Prot-_Hve Prnui"'iQD: To the greatest extent permj,tted by law, before actual pa}ll1lent to a beneficiary no interest in inc::ane or principal shall be (i) assignable to a beneficiarY or (il) available to anyone havin; a c.labn against a beneficiary. Elccept:ions may be made if all our f:rust:eeS, in their sole discretion, apptoye. VI. Man-- It Prnv/aic;:ns: We authorize our tnJstee: A. RetainlTnvgst: To retain an:! to invest in all forms of real an:! personal PI:'Operty, inclUdin:J CCIm'on trost funds, I1lItua1 funds Clperated by our CXll:pOrate tnJstee or any affiliate of it, l"eganUess of any limitations inpclSed by law on invesbnents by trustees, or any principle or law CXlIlCerning invesbnent diversification; B. .P:m:lmni~: To o::npranise Claims an:! to abandon-any p~ MUch, in our t:rustee.s OPinion, is of little or no Value; 2 U1l, J~ 0 ,/ -', c. j30rr'O.'i: To borrc::M fran anyona, even if the lender is a tnlSt:.ec ~, an:! to pledge property as security for repayment of the fun;\s borrcJ',ol'ed: D. sale/Tp;\se: To sell at public or private sale, to exdlan;)e or to lease for any period of tiloo, any real or personal property, an:! to give options for sales or leases: U>;\n/'Purchase: To rrake loans to, ard to buy property fran, either of oor executors, aclministrators, or trustees: Caoital C'lanaes: To join in any n-erger, reorganization, votirq-trUSt plan or other concerted action of security holders, ard to delegate discretionary duties with respect thereto: Allocate: To allocate arrj property received or chaI'ge incurred to principal or i.ncare or partly to each, withoot regard to arrj law definin;! principal ard i.ncare: Divide: To divide any trUSt into two or more separate trusts for tax, ac::cnmtirq or other reasons: ard E. F. G. H. I. DistribUte: To distribute in Jdn:i ard to allocate specific assets amorv:! the beneficiaries (includin:.J any trUSt l1ereIm:ler) in such proportions as oor tnlStee tray think best, so lorv:! as the total market value of any beneficiary'S share is not affected by such allocation. 'rhese authorities shall exten:i to all property at any time held by oor tnlStee ard shall continue in full force until the actual distribltion of all such property, except as specificallY stated. All pc:1Wers, authorities, ard discretion granted by this deed shall be in addition to these granted by law and shall be exercisable withoot cx:m:t authorization. . , VII. J\ddi.tioos: Anyone, with oor tl:UStee's written aoc:eptanoe, tray add to the principal of any of the trusts. our trustee tray hold any addition as a separate trUSt. VIII. InslTr:"'oe Iblicies: our trustee shall have no duty to pay premlUll'S on any insuranCe policies payable to oor trustee, ard the c:Cztpanies ~ the policies shall have no responsibility for the awlication of the pr-ocee<l" or the fulfillment of the trusts. IX. Riahts P-~-""": Each of us reserves the followirq rights, eadl of which tray be exercised whenever ard as often as either of us tray wish by an instnnrent in writirq other than a will delivered to oor trustee: A. lis to Insurance: 'rhe right to revoke or arrend part or all of this deed; however, arreIrlIrents nust be aWrcved by oor trustee; ard 3 '-~. B. M to This Trust: The right to en::! this trust. If the trust is ended, oor trustee nust pay all the property to us as tenants by the entirety, or to the survivor of us. X. Sinl" ard Govemim law: 'Itle situs of this deed shall be in Pennsylvania. All questions as to the validity, effect, or interpretation of this deed or the administration of the trusts shall be governed by the law of Pennsylvania. FTTIlM'lIRTF.!'; XI. Provisims ~l"rHrn Our Trustee: We direct that: A. Limitations For a Trustee-Beneficiarv: No trustee who is a beneficiary of one of the tJ:ub1;s shall ever participate in (i) the exercise of, or decision not to exercise, any discretion to pay inc:are or principal to, or to apply incane or principal for the benefit of, any beneficiary (including discretion to allocate fun:ls aITOng a group of beneficiaries ard discretion to accunulate incane), (ii) the detennination whether a beneficiary is disabled, (Hi) the discretionarj decision to tenninate any trust, or (iv) the exercise of discretion to allocate receipts or expenses between principal am incane. Except as just stated, the decision of a majority of the trustees shallc:ontrol; hC7WeVer, if oor corporate trustee believes both of us are incapable or harxlling oor own affairs it may act alone after first notifying the other trustees at their las I<ncwn acklress; B. Division of D.1Ues/Deleoation: Our corporate trustee shall perform all ministerial am administrative duties, including keeping the books am records, actirg as custodian of the property am preparing all I""""""~~ tax returns; any .in:lividual trustee may delegate from tiJre to tiJre to the corporate trustee, by letter, any or all of the .in:lividual trustee's rights, powers and duties; am any .in:lividual trustee may give oral or electronic instructions or approvals to my corporate trustee am long as our corporate trustee believes in good faith they are genuine am mails a statelrent or other confinnation to my iniividual trustee at least quarterly; c. Conflicts of Int-t>n><:1-: The fact that a trustee is active in any aspect of the invesbrent business as that business is broadly urx:l.erstood shall not be deemed a conflict of interest. Purchases and sales of investrrents may be made throogh any finn of which a trustee is a partner, shareholder, associate or enployee, or throogh any department or affiliate of oor corporate trustee. Our trustee may pay the finn its usual charges for the service. Any incx:me beneficiary or his or her legal representative may cancel this pc:Mer by writirg delivered to our corporate trustee; D. S!noular/Plural: Except as just stated, the words "oor trustee" shall refer in their applications to each tnIst to all those actirg as trustees; 4 ~ ,- E. Resianation: Arrf tnlstee may resign at MI'j time without court awrcvall an::l. F. """""""n""tion: C>..Ir CXlrporate trustee shall receive c:arpmsation in accordance with its st:<ln:Iard schedule of fees in effect while its services are performed. No irdividual trustee shall receive ~tion. ExeoJt"'" ..::r /J- N 3 , 197ti. ::1f~~4/(SFAL) William B. Reynol .J2 _.LJ N f,r"-~) Isabel H. Reynol wi'trle<'~es: ~l!~bfLP;",&<14 " 5 / ---, , SUPPLEMENTAL BENEFICIARY SCHEDULE RE: Joint Trust Under Deed of Dr, William B, Reynolds and Isabel H. Reynolds, husband and wife, dated January .~ ,1990, In accordance with Article II.B, of referenced revocable trust instrument ("living trust") pertaining to the disposition of proceeds of said trust upon the death of the survivor of both of us, we name the following beneficiaries: I. We give and bequeath the sum of Fifteen Thousand and nO/lOa ($15,000.00) Dollars to Allison United Methodist Church of Carlisle, Pennsylvania, to be used as the Board of Trustees shall determine, II, All the rest, residue and remainder of the proceeds of the trust assets we give and bequeath to Isabel H. Reynolds' three nieces, Lois G. Ford, Janet G. Clark and Ruth G. Hartman living at the death of the survivor of us, and if any of them shall be deceased said legacy shall lapse and be added to the share or shares of the surviving niece or nieces. III. Should all of Isabel H. Reynolds' nieces above named prede~cease the survivor of us, we give and bequeath the entire balance remaining to Allison United Methodist Church of Carlisle, Pennsylvania, as set forth in paragraph I above. Dated: ,T-1,"-' .1,./990 -,r~~SEAL) William B. Re 0 ds N ..I;:. S.IU.mlnt Chllgu 700. TOIII S.ltl/Orok.r'l Commllllan Oaud on Prlc. S Dlvl'lon 01 CommiSSion (lina 700) A. Follow.: @ P.ld From Darrow.",. Fundi al Sum.monl '/,- P.ld From S.II.~I Fund. II S.lIlemenl iOl S 702, S 703 COmn\IUIOn P,ld AI Solll.ment j04 800, 111m' Pay'bltln Connecllon With LO'n eo\. Loan Origlnlllon Fee '.~ a02 LOin Dlscounl % BOJ APPIlIUI Fee 10 SO" Credit Repoll 10 ~05. Lenor:fs Inspecllon Fee a06. Mor'OAge Insurance AppliCAtion Fee to at);. AuumeJllon fee 10 10 n ial Trust Co. tOB g09 !IO 81\ 900. 11,m. Rlqulnd Oy Lindt( To 01 Paid In Advance 901. Inletest horn 10 (ii) S ;02. MOrlgagelnsullnce Premium 101 903. Hauto Insurance Premium 'or 90' 90S 1000. RUIIY,,, OtposUld WlIh L.nd" 1001. HaZ.1ro lnsuunce 1002 MOflgag.ln.utance H)03. Cuy Properly Taxes 1004 County Properly Tues 1005. Annual Aueumenl. 1006 SChool Property Tues 1007. 100B, .! 100, Tille Chorges 1101. Salllem.nl or Closing Fee 1102. Ab.tracl or Till. SUtCh 1103. Title Examinalion 1104. Tille Inlurlne. Binder 1105. Dacumenl Preparalion 1106. NOlary Fees 1107, Alla,ney's F.IS (InCludll Iboveltems numbers: 1108. Title Insurance (includes Ibovellems numbers: 1109. Lender's CoveraOIl 1110. Owner's COYII.glI 1111. Endorsaments 1\ 12, Seller's DISlrlbullon Fe. 1113, IdJY months 10 years 10 years 10 Tn~ "n o C. month. @ S month. S manth. @ S month. @ S month. @ S manth. @ S months @ S months (E) S per month per month per month per month per month pel month per monlh per monlh la 10 la la la 10 la 75.00 10 o P.O.C. s s 1200, Gournmlnl Rtcordlng Ind Trln"" Chargn 1201. Recarding Fees: Oeed S J 1 , 50 1202. City/Counly TIX/Sllmps: D..d S 1203. 5111. rIX/Sllmps: De.d S 1204, 1205, 1300. Additional StlUtmlnl Charou 1301, Survey 10 1302. Pestln.pecllan 10 1:303. Tues 1:30.. Sower Renl 1305, : Morlgage S?7 c;n : Morlgag. S : Mongag. S : RelllSlS $ 00 21.82 111(10. Tol.1 S.llI:lmtnl Charg., (enluon linn '03. Section J Ind 502 Slctlon KI [ 274.00 21.82 ra Ihe be" 01 my knowledge.lh. HUD.l tfiiI;;;;') lal.menl which I have pr.par.d Is alrue and aecural.lCcaunl ollh.lunds which were rec.ived i:IUJ have been or will be disbursed b he underslQ ed IS pari 0' Ihe settlemenl ollhls ((lnnclIan. ~ ( . CC./ ?!.. t:..1E. In/11/QF, SIIIII"'.I'I' "'."" W.s. Daniels, Esq. 011. -.-- SSF.12 IS-/of-f? COMMUNWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF IHO .~IDUAI T.~b INttEAITlHCE 11)1. DIVISIOI< DEPT. 110601 HARRISIURC, Pi l11Z'-0601 NOTICE OF INHERITANCE TAX APPRAISEMENT, AllOWANCE OR DISALLOWANCE OF DEDUCTIDNS AND ASSESSMENT OF TAX FRANCIS A BOYLE MELLON BANK NA PO BOX 7a99 PHILA DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN PA 19101 03-03-97 REYNOLDS 03-13-96 21 96~0470 CUMBERLAND 101 Allount R..tttad c-- *' 111-154'1""0'.'.. ISABEL H MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CD COURT HOUSE CARLISLE, PA 17013 CUT ALONG THIS LINE .. RETAIN LOWER PORTION FOR YOUR RECORDS ~ iiE'v:is4"'i"EiC"Ai=p--n'F96y"ijoYicEuOF-YN'HEifii'ANCE-YAX-A-P-piiiiiSEHEij'r;""LDiwAifcE-iilimumu_mu" DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF REYNOLDS ISABEL H FILE No.21 96-0470 ACN 101 DATE 03-03-97 TAX RETURN WAS, I X I ACCEPTED AS FILED RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Ro.l E.t.t. (Schodul. A) III 2. stock. end Bond. ISch.dul. B) (2) 3. Clo..ly Hald stock/Partnership Inter.at (Schedul. C) (5) 4. "arto.gal/Not.. Receivabl. (Schedule OJ (4) 5. CaahJ8ank Deposita/Hisc. Parlonal Property (Schedule.E) IS) 6. Jointly Owned Proporty (Schodul. F) 161 7. Tr.,.fara (Schedul. OJ (7) 8. Total A...t. APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expans../Ad.. COlt./Hlle. Expans.. (Schedule H) (9) 10. Dobt.IMortg.go Li.biliti../Li.n. ISchodul. II 1101 11. Tot.l Doduction. 12. Hat Value of Tax R.turn 15. Charitable/Govern.ant.l Bequa.t. (Schedul. J) 14. Not V.loo of E.t.t. Subjoct to Tox NOTE: I CHANDED .00 ,DO .00 .00 10 .803,77 .00 297.140.28 181 29,917.12 1.452.08 (11) 1121 1131 (14) NOTE: To in sur. proper credit to your account, .ub.U tho uppor portion of thi. for. with your t.x pay.."t. 307,944.05 31.369 '0 276,574.85 15,000.00 261. 574.85 If an assassmant was issuad praviously, linas 14, IS and/or 16, 17 and 18 will raflact figuras that includa tha total of abh raturns aSBassad to data. ASSESSMENT OF TAX: IS. AMount of lin_ 14 at Spou..l rat. (15) 16. AMount of Lin. 14 taxable .t lin..l/Cl... A rat. (16) 17. Aoount of Line 14 t..oblo .t Coll.tor.I/CI... B r.t. 1171 18. Principal Tax Due .00 X .00. .00 X .06. 261,574.85 X .15. (181 TAX CREDITS: PAYMENT DATE 06-13-96 12-12-96 RECEIPT NUMBER AA1l2933 AA184964 DISCOUNT It I INTEREST I-I 1,772.26 .00 AMOUNT PAID 33,673.00 3,791. 23 TOTAL TAX CREDIT BALANCE OF TAX DUE INTEREST AND PEN. TOTAL DUE · IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIDNAL INTEREST. .00 .00 39,236.23 39,236.23 39,236.49 .26CR .00 .26CR IF TOTAL DUE IS LESS THAN 'I, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" ICR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) <'J ~ ,. '" ~ _"! :l UO RESERVATION: E,t.t.. of decedents dying on or bafor. Dec.~r 12, 1?82 .. If any lutur. Intsr..t In thl ..tat. 1. tran,f.rred In po.....lon or enJoy.ent to C1... I (callat.rall baneflcl.rt.. of the dlced.nt .ft.,. the _MPlratlon of any ..tat. for 11'. or for y..r., thl Co..onw..lth hereby _.pr.sslv r...rv.. the right to appral.. and ...... tran,'.r Inheritance Tax.. at the lawful CIa.. a (collet.r,l) rat. on any luch future Int.r..t. P\JIlPOS[ Of' NOTICE: To fulfill the r.qulr..ent. of SectIon 214D of the I~rltanc. end E,t.t. tax Act, Act ZZ of 1991. 72 P.S. Section 2140. PAYt€HT: DallCh the top portion 0' thl, Notlc. and .~lt wIth your payaent to the Raglltar of Willi printed on the raver.. ,Ida. --"eka c.heck or IIOMY order payable to: REOISTER OF MILLS, AGENT All pav-ent. recalved shall flr.t ba applIed to any Int.r..t which ..V b. due with anv r.aal~r appll~ to t~ t... REfLICD CeA): A r.fund of at.. cr.dlt, whIch was not ra~.t~ an tha Ta. A.turn, aav be r.qua.t.d bV caeplatlng an "Appllc.tlon for A.fund of P.nn'Vlvanla Inh.rltanc. and E.t.t. T.." CREV-1515J. Application. .ra avallabla at the Dfflc. of t~ R.gI.t.r of Will., any of the 21 R.v.nu. DI.trlct Offlc.., or bv c.lllng the .peclal 24-hour an.w.rlng ..rvlc. ~r. for for.. ard.rlng: In p.nn.vlvanla 1-800-562-2050, aut.ld. penn,vlvanla end within local Harrl.burg ar.. (717J 7'7-8094, TDDI (717) 772-2252 (H.nrlng lap.lr.d Only). OIJECTIONS: Any p.rty In Int.r..t not ..tl.fl.d with the .ppral.aaent, al10wanc. or dl.allawanc. of d.ductlon., or .......ant of t.. (Including dl.count or Int.r..t) a. .hown on thl. Hotlce BU.t ObJact within .I.ty (60) d.ys of rac.lpt of th1l Hotlce bYI --wrlttan prata.t to t~ PA D.part.ant of R.venue, Board of App.al., Dapt. 211021, Harrl.burg, PA .-.l.ctlon to h.v. the .att.r det.raln.d at audit of th..account of the par.onal rapr..antatlv., --app.al to the Orphan.' Court. 17128-1021, OR OR ADMIH ISTRiTlVE CORRECTIONS I Factual arror. dl.cov.r.d an thl. a.....a.nt .hould ba addr....d In writing tot PA D.partaant of Alvenu., Buraau of Individual Ta.I., ATTNt Pa.t A.......nt R.vl.w unit, D.pt. 210601, Harrl.burg, Pi 17121-0601 Phone (717) 111-6505. Se. page 5 of the bookl.t "In.tructlon. for Inheritance Ta. R.turn for a Ae.ldant Decadant" (REV-ISOl) for an ..planatlon of ad8lnl.tr.tlvely correetabla arrar.. DISCOUNTs If any ta. due I, paid within thr.. (5) cal.ndar aonth. aftar t~ dee.dant's daath, a flv. percent (S~) dl.count of t~ ta. p.ld Is a11owad. PENAlTV: The 15~ ta. aanasty non-participation pen.1ty I. caaputad on the tot.l of t~ t.. and Int.r..t .......d, and not paid b.for. Janu.ry II, 1996, thl flr.t dav aft.r thl .nd of the t.. .~..ty Plrlad. Thl. non-p.rtlclpatlon penalty 11 appealebla In the .... 18l'V'I.r and In the thl .... tla. p.rlod a. you would appeal thl t.. and Intlrut th.t h.. b.an a..I...d .. Indlc.t.d on thl. notlcl. INTERESTt Int.r..t I. ch.rged blglnnlng with flr.t d.y of d.llnquency, or nlnl (9J ~th. and one (1) day frol thl date of death, to the datI of p.y.ant. Ta.I' which bac... dlllnquant b.farl Janu.ry I, 1912 bear Int.r..t .t t~ rata of .1. (6X) perc.nt plr annul c.lculated at . d.lly r.tl of .OOOI6~. All t.... which bee..a d.llnquent on and aft.r January 1, 1912 will b..r Int.r..t at a r.t. which will v.ry frol cal.ndar y..r to cal~.r y..r with that rata announced bV thl Pi D.p.rt..nt of A.vlnu.. Th. appllcab1. Int.r..t ratl' for 1982 through 1997 ar.1 '!!!! Int.ra.t Rat. Dally Interltt Feetar !!!!' Int.rl.t Rat. Dally Int.r..t FRctar 1912 tU .000548 1987 'X .aoOt"7 1915 16X .OODO' 1988-1991 11% .ao05DI 1984 llX .000501 1992 'X .Oao2U 1985 lSX .000556 1"5-199~ 7X .000192 1986 lax .000274 1995-1'" 'X .OO02~7 ulntlr..t .. calculated o. follow.: INTEREST = BALANCE OF TAX UNPAID X NU"BER OF DAYS DELINQUENT X DAILY INTEREST FACTOR uAny Notlc. luued aft.r the ta. Mea... dlUnquent will raflaet an Int.r..t calculation to fUhan US) day. beyond the d.t. of the .......ant. If payaant I. led. .ftlr the Int.r..t co~t.tlon data .hown on t~ Notice, adcUtlon.1 Int.r..t au.t b. calculat~.