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INHERITANCE TAX RETURN
RESIDENT DECEDENT
(TO BE FILED IN DUPLICATE
WITH REGISTER OF WILLS)
CCMMONW!"UH Of ~fNNSYlV"NIA
Of,.urMfNf Of UvfNUt
)U' :10601
Oo4....ISlUIlO. ,. 11111.0601
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150'J.~ $leU_II" ~UM.U I'CArI Of Co./H
489-20-6419 10-4-95
I'IIF "I\JC.,IUIIIU."'.1fOQ lIQuu., "_I lUll. "111 1000 _oOOll ,,,",nll.l
Ernestine E. Itinqer
~ I. Original1hturn
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I 'OR OATIS 0' DlATH ArTlR 12/~ 1/91 CHECK HlR'
If A SPOUSAL
POVlRTY CREDIT IS CLAIMED ;1
I fill NUMBER
, 021
ICOUNTY C:OI
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1. ~eol cuell ISch.dule AI
2. Slacks and aandl (Sch.dul. al
3. C!olely H.ld StockJPartnenhio Inl.reu {Schedul. Cl
J. Mongag.s and NOI's rteceiyoole (Sch.dule 01
5. Calh. 3anK a.po.its &. Mise.lloneou. ?enonol ?rop.Ny
(Schedule =)
6. Jointly Own.d ?roo.rry lSchedule r)
7. rronden (Sch.dule 01 (Sc.i.dul. LI
9. Total Gran ""..eU (tolol Un.s 1.71
9. Funeral Exo.nses, Adminiurari.... C.Jlu. Miscellaneous
bp.nses (Sch.dule HI
10. O.OIS, Mongog. Uob.lili.s. li.n. (Sch.dul. I)
11. T 0101 O.duaions (10101 Un.s 9 &. 101
12.
IJ.
Dt'EClNI'\ 'OAl'Ult ...oo'fU
ICAH oJ' tIltH
10-24-24
I ~oc:...~ uCU'lrr NU"'U'
237-20-349A
Supplemenlol ~lIurn
801 Mandy Lane
Camp Hill, PA 17011
C~,,'If'" c.nmhPr1 Ann
I...MOUNJ I(CIIViD I\U 1"'5UUc;;'ION~1
5 2QA. 1 01
I J. ihmolnd.r ~lIurn
- !far dale. of deolh prior 10 12.1 J.8:
I~ S. Federal E,'o,e Tax ~"urn R.quir.d
II)
121
(31
I J I
15 I
101
171
?R4.RfiO
_ 3. TOlal Numb.r of Sar. Oeposit 8011.8.
\rj
,
..'J
"lr,
o Jo. FUlur. Inlere,l Camoromi.e
(for dale. or deolh after 12.12.a:!)
U 6. Oeced.nt Di.d T.llole Ki 7. O.cedenl Moinlolned 0 li...in9 Tru,'
(Anacil cooy of Willi {Anoen copy or iru"1
ALL CORRESPONDENCE AND CONFIDENTlALTAX INFORMATION SHOULD BE DIRECTED TO:
HAM' l'OAl,ult ....AIUNG ...DO.tU
Susan E. Lederer 134 Sipe Avenue
I""'"OH' NUM'" I Hurrme1stown, PA 17036
I 7171 533-3280 ~"
~ j-;-
Spou.oj Tran.fln (for dar.. or dOOlh oil.r 6.JO.Q41
S.. In.t",c:tions for Aoplicabl. P.rc.ntage on ~.....n. (151 ,qR, 101 x.JL=
Sid.. (Indud. .olu.s fiem S(i,.aul. K or Sc;n.out. M.I
),moun' of Unl 1A taxable or 0% ral. (16) x .06 ::
{Indud. valu.. from Sch.dul. J( or Sch.dul. M.l
Amoun' of Un. 'A taxobl. or '5% rate (I iI x . 15 ::
{Indud. ...olu.. from Schedule J( or Sch.dul. M.I
Princioallax ~u. {Add lOX from Un.. IS. 16 and 17.1 {lSI
C"dill 5pou.ol Po..ny Credil ;trior Paymenls Discount Inter,,'
IJ.
15.
10.
17,
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=
c 18.
=> 19,
..
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"
" 20.
~ I
21.
N.r Value of clfa,. {line a minus Un. 111
Charitabl. and Go....rnm.nlal 3.qu..,s (Schedul. J)
N., Voju. Subi.er!o Tax iUn. 12 mlnu. Un. l:Jl
(q I
D.AA3
fi,?41
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(10)
.
7.000
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(a)
OJ
7'lA.101
If Un. 18 i. grlat.r ~non Un. 19, Inl.r !h. difference on Un. 21. mi. is ,h. TAX CUE.
~. E:uer Ihe inflr..' on Ih. balance due on Un. 21.-\.
~. ::1'" Ihe 10101 0; Un. 21 ond 21 A an Un. 21 B. ihi. i. ,h. BALANCE DUE.
Ma~. Ch.cle Payable 10: Regist.r af Will.. Ag.n,
(111
(12)
(lJI
(1J)
". ~R":t
285,218
'-Rc; '1~
-0-
-0-
(191
1201
If Un. IQ is 91101" 'hon Un. 18, .nter Ih. diH.renc. an Un. 20. i'hi. i. ,h. OVERPAYMENT.
ac
Checle here if you me requesting a refund of yaur overpayment.
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>- >- BE SURE TO ANSWER ALL QUESTIONS ON REVERSE SIDE AND TO RECHECK MATH -<-<
'1"a.r :J.nollies 0; ~erIUry. I :leoare IhOI I 1'10.... ..omrn.d :hi. return. ,ncluainq :lceOmOonvlng IC:IICUleS :rnc iletemlnu. ::na 10 Ih. :Jetl ~; "IV cnow..dqe ana o'li.
f ., lru., :arr.cr 'Jnd como..". I j.c1ore Ihor :Ill r,al .uare roIa. :llltln ..ooneo al ~t\l.. "ark.r -.clue. Klarcllon 0; ;)reaortr :)Iher 'nan Ihe o7'onq' reor..."'a"....
~Ot'd on 011 information of wni", :neoorer f,a. on., ~nowl.dqe. f~ . )!...i 'i '- jl.f., .r l-- .,( I-I .....(..' IJ J I 1 [,
~.~...ruu 0' 'fISON 'U~N"rILt "0' 'lUNG .ttU'N ...cc.ns 'J...p. I
801 'land Lane, Camp Hill PA 170n 7/ / l'f~'
...OOltn JArl
Act il48 of 1994 provides (or the reduction of the tax rates imposed on the net value of transfers to or far
the use of tho spouse. The rates as prescribed by the statute will be:
· 3% (.03) will be applicable for ..tat.. of decedents dying on or after 7/1/94 and before 1/1/96
· 2% (.02) will be applicable (or estates of decedents dying on or after 1/1/96 and before 1/1/97
· 1% (.01) will be applicable far estates-of decedents dying on or after 1/1/97 and before 1/1/98
· Spousal transfers occurring on or after 1/1/98 will be exempt (rom inheritance tax.
PLEASe ANSWER THE FOLLOWING QUESTIONS
BY PLACING A CHeCK MARK (....) IN THE APPROPRIATE BLOCKS.
I YES I NO I
I. Did deceaent meke 0 trensier ana: m
. h . . h . d X
o. retain t e use or ,ncome or : e properTy rrenSlerre . .......................................................
b. retain the right to designate who she" use the properTy trensferred or its income. ............... m
dc. re'ai~ a rheversio~a~ intl~:est~ o~h.....................b......~.............~........................................ltxxx 1
. receive t e promise rOr Ire or elt er payments. enents or care. ....................................... m
2. If death occurred on or before December 12. 1982. did decedent within two years preceding I I I
dealh transfer property withoul receiving odequole consideralion~ If dealh occurred after m
~d;~~:t:r C~~~i~~~a2tio~1..~.~~~~~~:.~~.~~~~.~.:.:~.~.~~.::~.i.~.~~.~.:.~~.~.~.~.~.~~~..~~~~~~~.:~.~~.i~~~~ ~
3. Did decedent own an 'in tnJSl iar' bank account at his or her dealhL.................................... W
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES,
YOU MUST COMPLETE SCHEDULE G AND FilE IT AS PART OF THE RETURN.
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SCHEDULE C
CLOSELY HELD STOCK,
PARTNERSHIP AND PROPRIETORSHIP
PleOSd Prinl or Type
I FILE NUMBER
CCMMON'Wf.AUH Of '(NNSYlVANIA
INHlllfAHCI 'AX InUIN
'UIGINT OICIDINT
ESTATE OF
ITINGER, MIL'lOl C.
(Schedul. (.1 or C.'2 mull b. altoch.d for ,ach bt,llin,.. in,.,..t of Ih. d.ud.nl, olh., Ihon a plopri,'onhlp.1
ITEM
NUMBER
DESCRIPTION
VALUE AT
DATE OF DEATH
1. Milton Itinger Crafts:
Inventory value
Less outstanding
debt
$ 6,930
689
$ 6,241
I
TOTAL (Also ente, on line 3. Recapitulation) IS
6,241
(If more spacl!' is nud.cJ. insen addifional sh..rs 01 som. size.)
IIY.1l10 IX. 11.'1) :~
I't'. "1\
COMMONWfAttH 0' 'fNNSYlVANIA
INHUIfANCI 'AX InU'N
'UIDINt DICIDINT
ESTATE OF
SCHEDULE G
TRANSFERS
PlEASE PRINT OR rYPE
FILE NUMBER
ITINGER, HIL'lOO C.
THIS SCHEDULE MUST BE COMPLETED AND FILED IF THE ANSWER TO ANY OF THE OUE5TION5 ON THE REVER5E 51DE OFTHI COVY 5HEn 15 YE5.
ITEM I. DE5CRlPTlON OF PROPERTY i EXCLUSION i TOTAL VALUE I OE~D. i 8?~~~tit~V,~
NUM8ER f"dud.Mm. 01 ,h. tlottl/.'..' Ih.,t "Ial,oflllllp to decedent, "at. 01 ',ani'." I I OF ASSET ! INT INTEREST
E. ItingeJ LivinJ Trust dated 10/25/<
I i
I
I
Assets transferred to the Milton C. Itinger &iErnestin~
I I I
1 I House & lot located at 881 Mandy Lane, Ii I
Camp Hill, PM j
I Value per assessment $9,840 ! i
X CLR 13.7 . $134,808
I
2-3
I
I
4 '
I
5-61
7-9
10
11
50%
67,404
Smith Barney Shearson
IRA account no. 724-63282-10 08
Brokerage accounL no. 10260
Western Southern Life - annuity policy
no. 1631616
PA National Bank:
Certificate of deposit 9600273104
Certificate of deposit 9600223186
Mellon Bank:
account no. 112-111849-9 ,
account no. 112-116339-6 I
account no. 110-070-8930 I
739 shs. SunTrust Banks, Inc. common stJ.
certificate n022471: cusip 86-7914-1013
$66.0625 per share
I
Investment Co. of America - Mutual I
Fund account no. 6111-1033-04
175,068
75,416
6,549
50%
50%
50%
87,534
37,708
3,275
5,316 50% 2,658
5,214 50% 2,607
25,323 50% 12,662
26,831 50% 13,416
10,255 50% 5,128
48,820 50% 24,410
50%
I
28,058
56,115
TOTAL (Aha enl., on Iin. 7. RecoPltulation) I s 284,860
(II more _poce " flnd.d. ;1l1.rt additional,"'"" o/lome sizt.)
'I~Ul1lhl1,"1
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COMMONWU,lTH 0' 'ENHSYlYAHIA
INHUITANCE 'fAX UTUIN
IE SIDE NT DECEDENT
SCHEDULE H
FUNERAL EXPENSES,
ADMINISTRATIVE COSTS AND
MISCELLANEOUS EXPENSES
ESTATE OF
ITINGER, MItTCN C.
Plea.. Print or Type
FILE NUMBER
ITEM
NUMBER
A.
1.
2
B.
4.
C.
1.
2.
3.
4.
5.
6.
7.
8.
DESCRIPTION
Funeral Expens..,
Arnold's Home Fot' Funet'als
Rolling Gt'een Cemetet'Y
Administrative Casts,
1.
Penonal Representative Commissions
Social Security Number of Penonal Representative:
Vear Commissions paid
2.
Attorney Fees James Smith & Dut'kin
3.
Family Exemption
Claimant Ern..sti n.. Tti n'ilpr Relationship vi j'"
Address of Claimant at decedent's dealh
Streel Address 881 Mandy L,mp
Cily Camo Hill
Slate PII Zip Code 17m 1
Probate Fees
Mlscollaneaus Expens..:
Registet' of Wills - filing fee
TOTAL (Alsa enter on line 9, Recapitulation) IS
(If mare space is needed, insert additional sheets of same slze.)
AMOUNT
$ 7,369
1,529
450
3,500
35
12,883
:U:V.;6.~ Eo,o (Ii'll)
'*
SCHEDULE 0
TRANSFERS TO SURVTVING SPOUSE
~ntlW~n.V,,""
MCDIT AHCI T41 lfl\.'I.H
l.a:lonCa:ZDon
ESTATtOr
rU~I"tUnDcr
ITINGER, HIL'lOO C.
PART .-\: UUa' \lie dcsallluon U\d ~~uc or' 1111llLtf'CU. )Ol.h u.uolc .1lld. non.u.uolc. ~1;1nJlc:.Illd~uon. lnel 01' ..k'l1uc-.Jons I
....hith I).U,Ila !.he aco:GcnU sut"l\W1C toouSoe by WIll. :.n1c:stJ.l:'V, 'lao:nllon oillw, Qr 1)t.ha"WISC.
D=ouon of ilems IAmounl
I Schedule C, item 1 $ 6,241
2 Schedule E, item 1 7,000
3 Schedule G, items 1-11 284,860
?utA Tcut EaurtbcUDCll.ZZJlmQ*DoaIbcRDDrtW&.aCll1lblxlmtbC Dcudmc lAtormadoa Seedoa.
~ ,,~o/J.ul
EJection To Subject Property To Tn Under Seaion ~llJ(A).-\.3 A T=ble Tnnsfer By Thi.! Del:edellL
tr ."""ormm:Iar___Illc~alScc:ioo :lIJ(A~ ml:
L The trUSl or Umil&r I.. _ is lisu:d oa ScbcdWc O. aDd
b. Tbc value oltbr: tNA ot mm1a.r ~ is ~ in wbole or ia put as a.a aDd oa ScbcduJc O.
tbcllbetnmr""'" ~~...y ~y idcmlfylbc """ (lIlor.li>ciocuJ po<'lioo.. _~) 10 be iDduded io!be de<:ioo 10 hi..
:ucb Erusl Clt sizm.1ar ~ traUd as &. l..I.Dble tnaSlCr in this autc. U' lea th&a the c=irc 'Blue at tbc Q'UA or similar ~ is ioc:fudcd.u &
';u:ablc ~oa Sc:bcduJo O.lbc pcnaaaJ...,... ....wshaLl be c:co:Ddcn:d to haw madlr lbc: clcaioa caly IS Co a a.:DCll10( lbc: wstot'simW.r ~
ib.tlLtIDII:nUlIroithis hcDoa iI ~ to u.1IDOW:Il oltblEruslorsi.m.du~ iadudcd as ..l.&Dblc usd oaSdx:dutc O. ~ ..r-;....-is ~
10 lbe loUI Yaluo allbe..... or1izm1u ~
ELlCTION: Do J04I c:&ecs UIIcr SecdaIa JI1J(A) to tnd _. taDWc Inmiu- ba lhb cstUc aa or a poC"'dotl 01. Q'1ISl orttmaar U'I"AZlCaDIIlt
aat.td. forth. _11M otlhll decafau.'IIIIlI"'rlYiDC IpoaM dllliDC the IlU"YtvtDC lpoasc'. cdft lltcdmcf
YES 0 NO D 51_ Date
:"IoU: UI.bc: dKUoa .ppUa to mon: th.&.a. oae mul orsJJnau UTJJICtmUlt.lhm. a x~u ronu mlUt be :LICDrd uu. fUrcL
P:ut B: Em<r1bc d=ripullllml nJllCo(>II_ bo<b wahl. mlllClO-UX>bl.. ,.praJ= oilootion. (nc&o(d<dlalonsl
which pus to the da::c:dcm's swvivinlt:oouse (<<which,a 5<<:Uon :113 ('\1 clccaon L1 bane made.
D=riDtion o( ile:llS I-
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A
The
MILTON C. ITINGER AND
ERNESTINE E. ITINGER
LIVING TRUST
prepared for
MILTON C. ITINGER
and
ERNESTINE E. ITINGER
..'
JAMES, SMITH & DURKIN
Altomeys-at-Law
20 Valley Road
Hershey, Pennsylvania 17033
(717) 533-3280 FAX (717) 533-2795
o Jim... Smltb &. Durkin
All RICblJ R......c1l
\
i
MILTON C. ITINGER AND ERNESTINE E. ITINGER
LIVING TRUST
Table of Contents
Article One Trust Creation .................................... I-I
Article Two The Trust Estate . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . .. 2-1
Article Three Appointment of Trustees. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 3-1
Article Four Trustors' Lifetime Rights. ..................... .'. . . . .. 4-1
Article Five Administration at Death of First Trustor .................. 5-1
Article Six Specific Distributions ofTrust Property . . . . . . . . . . . . . . . . . .. 6-1
Article Seven Division into Survivor's Trust and Family Trust. . . . . . . . . . . . .. 7-1
Article Eight The Survivor's Trust. ............................... 8-1
Article Nine The Family Trust. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 9-1
Article Ten Common Pot Trust. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 10-1
Article Eleven Division and Distribution ofTrust Property. . . . . . . . . . . . . . ., \1-1
Article Twelve Distribution If No Designated Beneficiaries. . . . . . . . . . . . . . .. 12-1
- ..
Article Thirteen . Trustee Administration .............................. 13-1
Article Fourteen Trustee Invesnnent Powers. . . . . . . . . . . . . . . . . . . . . . . . . .. 14-1
Article Fifteen General Provisions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ., 15-1
(
Article Two
The Trust Estate
Section 1.
Initial Transfer of Property
We hereby assign, devise, transfer and deliver to our Trustee all property set forth on Schedule
"A", attached hereto, and made part of this trust agreement. Our Trustee acknowledges receipt
without consideration of all assets listed on the attached Schedule.
Assets titled in the name of our trust but not listed on Schedule "AU shall be considered a part
of our trust estate to the same extent as if they had been set forth on the attached Schedule.
Section 2.
Additional Transfers to Trust
We or any other person or entity may transfer or devise to our Trustee additional assets, real or
personal, and may name our Trustee as the beneficiary of life insurance policies, annuities,
retirement plans or similar contracts; such assets, policies and proceeds, upon delivery thereof to
our Trustee, shall be a part of the trust estate, subject to all the tenns of this trust agreement.
Section 3.
Character of Trust Assets
All property transferred into our trust shall be characterized as follows:
a. Joint Marital Estate Property
. ..
All of our jointly held property, if any, transferred to our trust, and the proceeds
of- all such.- property, shall remain our jointly held property, subject to the
provisions of this agreement.
b. Separate Property
All of the separate property, if any, of either of us transferred to our trust, and the
proceeds of all such property, specifically designated as the separate property of
either of us at the time of transfer to our Trustee, shall remain the separate
property of the contributing Trustor.
,
,
2-1
(
distributions under this agreement or their personal representatives. These
beneficiaries or their personal representatives shall not be required to give any
reason for such Trustee's tennination.
d. Notice to Removed Trustee
Written notice of removal under this agreement shall be effective immediately
when signed by the person or persons authorized to make the removal and
delivered to the Trustee personally or deposit by United States certified mail.
return receipt requested. The written notice removing a Trustee shall designate a
successor Trustee.
e. Transfer of Trust Property
The Trustee so removed shall promptly transfer and deliver to the successor
Trustee all property of the trust under its possession and control.
Section 4.
Designated Successor Trustees
Whenever a Trustee is removed, dies, resigns, becomes legally incapacitated, or is otherwise
unable or unwilling to serve, that Trustee shall be replaced as follows:
a. The Death or Disability of a Trustee While We are Serving as
Trustees
We may serve as the only Trustees or we may name any nwnber of Trustees to
serve with us. If any of these other Trustees subsequently die, resign, become
legally incapacitated or are otherwise unable or unwilling to serve as a Trustee,
we mayor may not fill the vacancy, as we both agree.
..
b. - . Disability Trustees of MILTON C. ITINGER
I
~
r
.
Upon the disability of MILTON C. ITINGER, if he is then serving as an initial
Trustee, he shall be replaced by the following Disability Trustee(s):
ERNESTINE E. (TINGER
If, for any reason, the Disability Trustee(s) named above are unable or unwilling
to serve, the following successor Disability Trustee(s) shall serve until the
successor Disability Trustee(s) on the list have been exhausted. Unless otherwise
. .
3-2
specified, if Co-Disability Trustees arc serving, the next following named
successor Disability Trustee shall serve only alier all of the Co-Disability Trustees
cease to act as Trustees.
(I) TINA LOUISE BABBS
(2) NAOMI LYNN DOWDEN
(3) MARY BETH JONES
e. Disability Trustees of ERNESTINE E. ITINGER
Upon the disability of ERNESTINE E. ITINGER, if she is then serving as an initial
Trustee, she shall be replaced by the following Disability Trustee(s):
MILTON C. ITINGER
If, for any reason, the Disability Trustee(s) named above are unable or unwilling
to serve, the following successor Disability Trustee(s) shall serve until the
successor Disability Trustee(s) on the list have been exhausted. Unless otherwise
specified, if Co-Disability Trustees are serving, the next following named
successor Disability Trustee shall serve only after all of the Co-Disability Trustees
cease to act as Trustees.
(I) TINA LOUISE BABBS
(2) NAOMI LYNN DOWDEN
(3) MARY BETH JONES
d. Death Trustees of MILTON C. ITINGER
Upon the death of MILTON C. ITlNGER, if he is then serving as an initial Trustee,
he shall be replaced by the following Death Trustee(s):
ERNESTINE E. ITlNGER
.
..'
If, for any reason, the Death Trustee(s) named above are unable or unwilling to
serve, the following successor Death Trustee(s) shall serve until the successor
Death Trustee(s) on the list have been exhausted. Unless otherwise specified, if
Co-Death Trustees are serving, the next following named successor Death Trustee
shall serve only after all of the Co-Death Trustees cease to act as Trustees.
(I) TINA LOUISE BABBS
(2) NAOMI LYNN DOWDEN
(3) MARY BETH JONES
3-3
e. Death Trustees of ERNESTINE E. ITINGER
Upon the death of ERNESTINE E. ITINGER, if she is then serving as an initial
Trustee. she shall be replaced by the following Death Trustee(s):
MILTON C. ITINGER
If, for any reason, the Death Trustee(s) named above arc unable or unwilling to
serve, the following successor Death Trustee(s) shall serve until the successor
Death Trustee(s) on the list have been exhausted. Unless otherwise specified, if
Co-Death Trustees are serving, the next following named successor Death Trustee
shall serve only after all of the Co-Death Trustees cease to act as Trustees.
(I) TINA LOUISE BABBS
(2) NAOMI LYNN DOWDEN
(3) MARY BETH JONES
Section 5.
No Designated Successor Trustees
If at any time there is no Trustee acting under this agreement and there is no person or institution
designated and qualified as a successor Trustee, a majority of the beneficiaries then eligible to
receive distributions of income or principal under this agreement or their personal representatives
shall appoint a successor Trustee. If any trust existing under this agreement lacks a Trustee and
no successor is appointed pursuant to this Section. the vacancy shall be filled by a court of
competent jurisdiction.
Section 6.
Responsibility of Successor Trustees
A successor Trustee shall have the same rights, powers, duties, discretions and immunities as if
it.tad been named as initial Trustee under this agreement. No successor l'rustee shall be
personally liable for any act or failure to act of any predecessor Trustee or shall have any duty
to examine the records of any earlier Trustee. A successor Trustee may accept the account
rendered and the property delivered by or on behalf of a predecessor Trustee as a full and
complete discharge of the duties of the predecessor Trustee without incurring any responsibility
or liability for so doing.
3-4
(
Article Four
Trustors' Lifetime Rights
Section 1.
Income and Principal
a.
Right 10 Trust Income and Principal
Our Trustee shall pay to or apply for our benefit during our joint lifetimes all or
such part of the income and principal of the trust estate as we may direct.
We may not, however, direct our Trustee to make gifts from trust property to third
parties. If our Tru,stee inadvertently makes a distribution we intended as a gift
directly from the trust to a third party. that distribution shall be construed as a
distribution to us first, then a gift to the third party from us.
Unless directed in writing to the contrary by either of us:
1. Our Trustee shall be authorized to accept and
execute instructions received from either J"rustor
regarding distributions of the income or principal of
the trust estate to or for the benefit of either or both
of us.
2. Our Trustee shall be authorized to make
distributions of the income or principal of the trust
estate in the sole name of a Trustor as instructed by
either of us.
b.
Trustee Liability
. ..
Upon any distribution of the income or principal of the trust estate authorized or
directed by a Trustor, our Trustee shall incur no liability to the other Trustor in
respect of such distribution, shall be under no obligation to seek the approval or
verification of the concurrence of the other Trustor to such distribution and shall
have no responsibility for the application of any distribution made in the name of
a Trustor.
c. Tracing of Income Not Required
Unless otherwise provided or specified by either or both of us during our joint
lives any distributions of income to either of us shall be conclusively presumed to
be derived in respect of the joint marital estate property of the Trustors and our
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Trustee shall be under no obligation to allocate, trace or otherwise identify the
actual source of such income.
Section 2.
Trustors' Rights During Disability
a.
Definition of Disability
A Trustor shall be considercd disabled in the cvent a court of compctcnt
jurisdiction dctcnnincs that a Trustor is legally incompctcnt or in the cvcnt that
a Trustor is not adjudicatcd incompetcnt but by rcason of illness or mental
disability a Trustor has been ccrtified by two licensed physicians to be unable to
properly handle his or her own affairs.
b. Income and Principal Distributions
Our Trustee during the period of a Trustor's disability shall pay to or apply for
that Trustor's benefit as much of the principal and net income of that Trustor's
separate property estate and his or her interest in the joint marital estJlte property
and community property, if any, as our Trustee in its sole discretion shall deem
necessary or advisable.
e. Payment of Obligations
Our Trustee during the period of a Trustor's disability shall, from time to time,
pay that Trustor's valid obligations, medical expenses and provide for his or her
comfortable maintenance and welfare, taking into consideration his or her other
income or resources.
d. Income and Principal Distributions for Non-disabled Trustor
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During the lifetime of either or both of us, should either or both of us become
disabled, then our Trustee shall pay to or apply for the non-disabled Trustor's
benefit as much of the principal and net income of the disabled Trustor's separate
property estJlte and his or her interest in the joint marital property estate and
community property, if any, as our Trustee in its sole discretion shall deem
necessary or advisable, from time to time, for the non-disabled Trustor's health,
maintenance, support and education, taking into considcration his or her other
income or resourccs.
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e. Trustee Guhlelines
In making distributions under this Section, our Trustee shall give primary
consideration to the needs of the disabled Trustor and secondary consideration to
the needs of the non-disabled Trustor.
f. Tax Planning
During our joint lives should either or both of us become disabled, our Trustee
may exercise the following powers as attorney in fact on our behalf, either alone
or in conjunction with any other attorney in fact under a durable power of attorney
for a disabled Trustor, but the primary concern of our Trustee shall be for our
welfare and secondarily for the welfare of the our lineal descendants for tax
planning:
1. Our Trustee may make additional distributions to our
lineal descendants, equally by class, for the purpose of
continuing any gift program initiated by us which our
Trustee reasonably detennines will achieve beneficial
results for estate and/or income lax planning purposes.
2. Our Trustee may initiate a gift program on our behalf
which our Trustee reasonably detennines will achieve
beneficial results for estate and/or income tax planning
purposes by making distributions to our lineal
descendants, equally by class, so long as such
distributions are made in the fonn which qualify for and
are limited to the annual exclusion for federal gift tax
purposes.
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3. During any disability of a Trustor our Trustee shall be
- under no obligation to initiate, recommend or consider
any tax planning objective or program for us and any
exercise of its discretion in this regard, when conducted
in good faith, shall not subject it to liability to any
person affected thereby.
Section 3.
Right to Amend or Revoke Our Trust
We shall have the right to amend, tenninate or revoke our trust as follows:
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:1.
Powcr tn Hc\'nl<c and Amcnd Whilc IInth nf Us Arc Living
During our joint lifclimes this trust and any trust creatcd by this agreemcnt may
be amcndcd, revoked or tenninated, in wholc or in part, by eithcr of us acting
alone as to any specially designated properlY of that Trustor and as to that
Trustor's intcrest in any of our joint marilal estate properlY. However, any
modification of the rights and interests of either of us in community property
during our marriage may be made only with the joinder or consent of both of us.
b, Powcr to Rcvokc and Amcnd Aftcr Dcath of First Trustor
Aftcr the death of the first of us to die, the surviving Trustor may at any time
amend, revoke or tenninate, in whole or in part, the Survivor's Trust in which the
surviving Trustor has a general power of appoinunent. All other trusts shall
become irrevocable and shall not be subject to amendment after the death of the
first Trustor.
c. Method to Rcvokc or Amend
Any amendment, revocation or tennination of this trust or any trust created by this
agreement shall be made by written ins01lll1ent signed by both of us or by the
Trustor making the revocation, amendment or tennination, and delivered to our
Trustee. If the ins01lll1ent making the revocation, amendment, or tennination is
signed by only one Trustor and the other Trustor is living at that time, a copy of
the ins01lll1ent making the amendment, revocation, or termination shall also be
delivered to the other Trustor. An exercise of the power of amendment
substmltially affecting the duties, rights and liabilities of our Trustee shall be
effective only if agreed to by our Trustee in writing.
d. Delivery of Property After Revocation
..
After any revocation or tennination with respect to our Jomt marithI estate
property our Trustee shall promptly deliver the joint marital estate property to the
Trustor or Trustors to the extent of their interest in the joint marital estate
property. After any revocation or tennination with respect to specifically
designated property our Trustee shall promptly deliver the designated property to
the Trustor or Trustors who originally contributed that property to the trust and
such property so returned shall be conclusively deemed to reswne the same
character it had immediately before transfer to our trust.
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a. We may receive directly and devote to our own use and
benefit any dividends, interest, income or distributions from
or upon such assets and neither we nor our Trustee shall
have any duty of accounting to the other or to any other
person with regard thereto.
b. Any sale, exchange or other transfer of such assets by us
shall constitute a withdrawal of such assets from the trust
estate and our Trustee shall have no further interest therein
or duties with regard thereto. Though not a condition
precedent to any such withdrawal, we agree to notify our
Trustee of all such withdrawals.
c. We shall be responsible for the reporting of the income from
such assets to the appropriate taxing authorities and our
Trustee shall have no responsibility for including such
income on any fiduciary returns prepared by it or for the
preparation of any other income tax return with respect
thereto unless we duly notify our Trustee of such income
items and a full and adequate accounting thereof is made and
presented to our Trustee.
d. We shall protect and indemnify our Trustee against all
losses, liabilities and expenses which may result directly or
indirectly from our use, possession, management or control
of such assets.
e.
Upon the death or incapacity of either of us, our Trustee
shall be entitled to the possession thereof and thereafter shall
have all the rights, powers and duties with respect to such
assets which are otherwise granted to our Trustee herein. It
is understood that our Trustee shall be responsible only for .
the assets which actually come into its possession and
control. However, it is also understood that our Trustee
shall use any reasonable and prudent means to secure
possession of any trUSt assets of which it has knowledge.
Our Trustee shall have no duty, accountability or
responsibility to us or to any other person with respect to
any assets of which it has no knowledge or of which it is
unable to obtain possession and control.
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Section 6.
Trustorffrustce Bank Accounts
It is contemplated that we may establish a joint bank account or accounts with our Trustee and
create powers of attorney in respect thereof in other persons. Deposits from time to time made
by us or other authorized persons into such an account shall constitute transfers to the trust estate
and withdrawals therefrom, which may be made without the co-signature of our Trustee, shall
constitute withdrawals from the trust estate. However, our capacity and other authorized persons
with respect to any such account shall be that of nominee of our Trustee, not co-owner. At any
given time the trust estate shall include the then balance of any such account.
Section 7.
Life Insurance Premiums and Retirement Plans
During our lifetime we shall have all powers over life insurance policies and retirement benefits
owned by or made payable to our trust, including the following:
a. Payment of Premiums
We shall be responsible for the payment of premiums and other charges on each
policy of insurance owned by or made payable to our trust. Our Trustee shall
have no duty to make any payment or be responsible to determine whether such
payments have been made.
b. Custody of Policies
Our Trustee shall not be responsible for the custody or safekeeping of any life
insurance policy before its actual delivery to our Trustee nor after its withdrawal
by its owner.
e. Change Beneficiaries
. "
We shall have- ihe -right to change the beneficiary and to receive any dividends or
other earnings of such policies or plans without accountability therefor to our
Trustee or any beneficiary in this agreement.
d. Assignment
We may assign any policy or plan benefits to any lender to the extent allowed by
law, including our Trustee, as security for any loan to us or any other person.
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Articlc Scvcn
Division into Survivor's Trust and Family Trust
Section 1.
Division of the Trust Estate
Upon the death of the first Trustor to die, our Trustee shall allocate and distribute the remaining
trust estate, including any property that becomes distributable or payable to our Trustee at the
deceased Trustor's death, into two separate shares to be identified as the Survivor's Share and
the Family Share.
a. Surviving Trustor's Property Transferred to the Survivor's Share
The Survivor's Share shall consist of:
1. The surviving Trustor's one-half (112) of all assets
representing the joint marital property of the Trustors
held by our Trustee.
2. All assets theretofore declared to be or specifically
designated upon transfer to our Trustee to be the
separate property of the surviving Trustor as held by our
Trustee.
3. One-half (1/2) of all assets theretofore declared to be or
specifically designated upon transfer to our Trustee by
the Trustors to be the community property of the
Trustors.
~., b. ,.
Deceased Trustor's Property Transferred to the Survivor's Share
The Survivor's Share shall also consist of assets having a value equal to the
unlimited federal estate tax marital deduction allowable to the deceased Trustor's
estate, subject to the following:
1. The Survivor's Share shall be reduced by the net value
for federal estate ta:< purposes of all other property that
passes or has passed to the surviving Trustor under this
trust agreement, the deceased Trustor's probate estate or
otherwise that qualifies for the federal estate ta:< marital
deduction.
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2. The Survivor's Share shall be reduced by all federal
estate la.x deductions actually allowed other than the
marital deduction;
3. The Survivor's Share shall be reduced by the amount, if
any, needed to increase the deceased Trustor's taxable
estate for federal estate tax purposes to the largest
amount that after allowing for the unified credit against
federal estate la.X, will result in the smallest, if any,
federal estate tax being imposed on the deceased
Trustor's estate;
4. The Survivor's Share shall be reduced by the credit for
state death taxes available to the estate of the deceased
Trustor, to the extent that the use of that credit does not
result in or increase any death tax payable to any state;
and
5. The Survivor's Share shall be reduced by any other
allowable credits available to the estate of the deceased
Trustor, except the credit for tax on prior transfers from
a "transferor", as delined in Internal Revenue Code
Section 2013, who dies within two years after the date
of death of the deceased Trustor, but only to the extent
that those credits do not disqualify this gift from
receiving the marital deduction.
. ..
6. Notwithstanding any other provision in this Section, the
Survivor's Share shall never have assets with a value
less than the maximum amount of the unified credit
against the federal estate tax as of the date of the
- deceased Trustor's death, unless the value of the .
surviving Trustor's trust property, less all liabilities, and
the deceased Trustor's estate gross estate less all
allowable deductions except the federal estate tax marital
deduction, is less than the maximum value of the unified
credit against the federal estate tax, in which case the
entire amount of the deceased Trustor's trust property
shall be allocated to the Survivor's Share. For purposes
of calculations under this subsection, the Survivor's
Share
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shall be reduced by the value of other property passing
to it under this trust agreement, the deceased Trustor's
probate estate, or otherwise that qualifies for the federal
estate tn.x marital deduction.
e.
Survivor's Share to be Administered as Survivor's Trust
The Survivor's Share shall be held, administered and distributed according to the
provisions of the Survivor's Trust as set forth in Article Eight of this trust
agreement.
d, Property Transferred to the Family Share
The Family Share shall consist of all assets not distributed to the Survivor's Share.
e. Family Share to be Administered as Family Trust
The Family Share shall be held, administered and distributed according to the
provisions of the Family Trust as set forth in Article Nine of this trust agreement.
Section 2.
Allocation and Valuation of Assets
In allocating assets between the Survivor's Share and the Family Share, our Trustee shall allocate
the trust assets that qualify for the marital deduction between the Survivor's Share and the Family
Share in cash or in kind, or partly in each, on a pro rata or non pro rata basis, and in undivided
interests or not; subject, however, to the following:
a. Qualification for Marital Deduction
. ,.
Only assets that qualify for the marital deduction shall be allocated to the
Survivor's Share,.
b. Valuations of Allocations in Kind
Assets allocated in kind shall be deemed to satisfy the marital deduction amount
on the basis of their values as finally detennined for federal eSlllte tax purposes;
provided, however, that our Trustee shall act impartially, consistent with equitable
principles, requiring impartiality among beneficiaries, in allocating assets in
satisfaction of the marital deduction share, so that any
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distribution of assets in satisfaction of the marital deduction share shall be made
of assets, including cash, fairly representative of appreciation or depreciation in
the value of all property thus available for distribution.
c. Income
The Survivor's Share shall be entitled to a pro rata share of the income earned on
deceased Trustor's residuary probate and trust assets from the date of deceased
Trustor's death, including a share of income earned on assets used to discharge
liabilities.
d. Foreign Death Tax Credit
Our Trustee shall not allocate assets that qualify for the foreign death tax credit
to the Survivor's Share unless all other assets or interests available for allocation
have been so allocated.
e. losur:loce 00 the Life of the Surviviog Trustor
Our Trustee shall not allocate any policy of insurance on the life of the surviving
Trustor to the Survivor's Share that is the separate property of the deceased
Trustor.
f.
losur:loce 00 the Lives of Others
Any incidents of ownership to a policy of insurance on the life of a person other
than the deceased Trustor shall be allocated to the Family Share.
g. Lack of Property to Fully Fuod the Survivor's Share
. ..
If there is insufficient property qualifying for the federal estate tax marital
deductioo to fully fund the Survivor's Share, the funding to the Survivol's Share
shall be reduced accordingly.
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the surviving Trustor's probate estate. Written statements by the surviving Trustor's personal
representative that such sums are due and payable by the estate shall be sufficient evidence of
their amount and propriety for the protection of our Trustee. Our Trustee shall be under no duty
to see to the application of any such payments made to the surviving Trustor's personal
representative.
Section 4.
Tax Elections
With regard to the payment of any income tax, gift tax, estate !aX, inheritance tax or any other
tax required because of the death of the surviving Trustor, our Trustee shall have the right to
make any available elections allowed under the law. Our Trustee is authorized to sign and file
any !ax return required because of the death of the surviving Trustor.
Section 5.
Administration of Survivor's Trust Remainder
After payment of debts, expenses and !axes, our Trustee shall hold and administer the
unappointed balance or remainder of the Survivor's Trust as provided in the Articles that follow.
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Article Nine
Family Trust
Section 1.
Rights of Surviving Trustor in the Family Trust
Our Trustee shall hold, administer and distribute the assets of the Family Trust as follows:
a. Paymeot of locome
Our Trustee shall pay to or apply for the benefit of the surviving Trustor, so long
as the surviving Trustor lives, the entire net income of the Family Trust in
monthly or other convenient installments agreed upon by the surviving Trustor and
our Trustee, but not less often than annually.
b. Discretiooary Payment of Principal
At any time or times during the trust term, our Trustee shall pay to or apply for
the benefit of the surviving Trustor and our joint descendants so much of the
principal of the Family Trust as our Trustee in its discretion deems proper for their
health, maintenance, support and education.
c. Guidelioes for Trustee's Discretion
. ..
In exercising discretion our Trustee may pay to or apply more for some
beneficiaries than for others and may make payments to or for one or more
beneficiaries to the exclusion of others. However, our Trustee shall, at all times,
give primary consideration to the surviving Trustor's needs and only thereafter to
our joint descendants. No amount paid or applied need thereafter be repaid to our
Trustee or restored to our trust. In exercising discretion our Trustee shall give the
consideration that our Trustee deems proper to all other income and resources that
are known to our Trustee and that are readily available to the beneficiaries for use
for these purposes. Our Trustee shall accumulate and add to principal any net
income not distributed.
d. Limitatioo 00 Discretiooary Paymeot of Priocipal by Trustee
We recommend, but it is not mandatory, that our Trustee shall fust exhaust the
principal from the Survivor's Trust before making discretionary payments of
principal to the surviving Trustor from the Family Trust.
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c. Restriction on Surviving Trustor's Right to Receivc Principal
Notwithstanding any other provision in this agreement, if the surviving Trustor has
the powcr to remove a Trustee of the Family Trust our Trustee shall not distribute
any of the principal of the Family Trust that would, in any manner, discharge the
surviving Trustor's legal obligation of support to a beneficiary of the Family
Trust. In the event the surviving Trustor is mentally disabled and without the
power to remove a Trustee of the Family Trust, our Trustee shall disregard this
restriction during such period of mental disability.
f. Surviviog Trustor's Right to Withdraw Principal
The surviving Trustor shall have the power to withdraw from the Family Trust
principal each calendar year those amounts that shall not exceed the greater of five
thousand dollars ($5,000) or five (5) percent of the assets, valued as of the end of
the preceding calendar year. The surviving Trustor shall exercise this power by
a written instrument signed by him or her and delivered to our Trustee. This
power is noncumulative and to the extent it is not exercised by the end of January
of each calendar year, it shall lapse. This power shall exist each year until the
death of the surviving Trustor.
Section 2.
Limited Power of Appointment
By either a last will or by a living trust agreement, the surviving Trustor shall have the limited
testamentary power to appoint to or for the benefit of our joint descendants some or all of the
principal and any accrued but undistributed net income of the Family Trust as it exists at the
death of the surviving Trustor. The surviving Trustor may appoint trust assets under this limited
testamentary power among our joint descendants in equal or unequal amounts, either directly or
in trust, as the surviving Trustor directs.
. ..
TIiis limited testameotary power of appointment shall not be exercised in favor ot the Surviving
Trustor's estate, the creditors of the surviving Trustor, the creditors of the surviving Trustor's
estate, or in any way which would result in any economic benefit to the surviving Trustor.
Section 3.
Termination of the Family Trust
On the death of the surviving Trustor, the Family Trust shall terminate. All unappointed and
undistributed trust assets, including any accrued and undistributed net income, shall be held,
administered and distributed in the Articles that follow.
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Section 3.
Distributions to Underage or Disabled Bcncficillrics
Notwithstanding any other provision in this trust agreement, if any person otherwise entitled to
receive a distribution of trust property is under 25 years of age or is mentally disabled or legally
incompetent as defined in Article Fifteen, our Trustee shall retain and administer that person's
trust property for his or her benefit as follows:
a. Our Trustee's Discretioo
Our Trustee may pay to or apply for the benefit of such beneficiary so much of
the net income and principal of the trust as our Trustee in its discretion deems
proper considering all other sources of income and resources available to such
beneficiary and known to our Trustee.
b. Payments Made to Beoeficiary or Personal Represeotative
Our Trustee is authorized to make payments under this Section either directly to
the beneficiary, to the beneficiary's personal representative or to any other person
our Trustee may deem proper to be used for the benefit of the beneficiary.
c. Trustee's Deeisioos are Fioal
All decisions by our Trustee as to those it makes payment to, the purposes for
which these payments are made and the amounts to be paid out of the trust are
withio our Trustee's sole and absolute discretion.
d. Uodistributed Net locome
All undistributed net income shall be accumulated and added to the principal of
the trust.
.
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e.
Tcrmloation and Distribution
Our Trustee shall distribute the trust property to a beneficiary under this Section
when such beneficiary reaches age 25, or when he or she is no longer disabled as
determined by a court of competent jurisdiction, or upon certification by two
licensed physicians that such beneficiary is able to properly care for his or her
property and person, or at a later date if other trust provisions in this Article
direct.
f. Death of Disabled or Underage Beoeficiary
Upon the death of a beneficiary under this Section, our Trustee shall distribute all
of such beneficiary's remaining trust share, including the trust principal and
accrued and undistributed income, to any person or entity, and upon any trust,
terms and conditions, or to or in favor of the estate of such deceased beneficiary,
as he or she may direct by his or her last will or living trust agreement. No
exercise of this general power of appointment shall be effective unless it refers to
this trust agreement and expressly indicates an intention to exercise this general
power of appointment.
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Article Twelve
Distribution if No Designated Beneficiaries
NONE
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Articlc Thirtccn
Trustee Administration
Section 1.
Required Vote for Co-Trustees
a.
Trustors Serving as Co- Trustccs
If both of us are serving as Trustees at the same time under this agreement, either
one of us may make decisions and bind the trust in the exercise of all powers and
discretions granted to us under this agreement without the consent of any other
Trustee.
b. Uoaoimous Vote for Two Trustces
If only two Trustees are serving other than the two of us, they shall act
unanimously in the exercise of all powers and discretions granted to them under
this agreement.
c. Majority Vote for More Thao Two Trustecs
(
At any time that there are more than two Trustees serving under this agreement,
they shall act by majority vote and any exercise of a power or discretion by a
majority of the Trustees shall have the same effect as an exercise by all of them.
d. Court Ordcr Resolves Disputes
If the Trustees, other than the two of us, are not able to reach agreement on any
decisioo as set forth in this Section, they shall petition a court of competent
. .. jurisdiction for instructions and shall take no action on the disputed matter until
a court order deciding the issue has been rendered.
Section 2.
Power to Delegate
Notwithstanding any other provision of this agreement, anyone or more of the Co-Trustees
serving under this agreement may from time to time delegate to another Co-Trustee or
Co-Trustees routine acts of trust administration.
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Section 3.
No Bond Rcquircd
No Trustee under this agreement shall be required to post any bond for the faithful performance
of its responsibilities.
Section 4.
Trustee Compensation
Our Trustee shall be entitled to reasonable compensation for services rendered payable without
the need for a court order. In calculating the amount of compensation customary charges for
similar services in the same geographic area for the same time period shall be used as guidelines.
Our Trustee shall also be entitled to reimbursement for reasonable costs and expenses incurred
during the exercise of its duties under this agreement.
Section 5.
Change in Corporate Trustce
Any corporate successor to the trust business of any corporate Trustee named under this
agreement or acting hereunder shall succeed to the capacity of its predecessor without re-
conveyance or transfer of trust property.
Section 6.
Power to Divide or Combinc Trusts
Our Trustee shall have the power to divide a single trust into separate shares, each to be
administered in accordance with the terms and conditions of the single trust from which they
were created when our Trustee in its discretion determines that division is desirable or advisable
in view of tax considerations, including considerations related to the income tax, the gift tax, the
estate tax or the generation-skipping transfer !aX or other objectives of the trustS and their
bevcficiaries.
Our Trustee shall not be required to make a physical segregation or division of the various trust
shares created under this trust agreement except as segregation or division may be required by
reason of the termination and distribution of any of the trusts, but my Trustee shall keep separate
accounts and records for different undivided interests.
Our Trustee in its discretion shall have the further power to combine two or more trusts having
substantially the same terms into a single trust for purposes of administration when tax or other
factors indicate that such combination would be desirable or advisable.
13-2
Articlc Fourtccn
Trustce Investmcnt Powers
Section 1.
Trustee's Powers
To carry out the purposes of the trusts created under this agrcement and subject to any limitations
stated elsewhere in this instrument, our Trustee shall have all of the following powers in addition
to all of the powers now or hereafter conferred on Trustees by law:
a. Rctention of Property
Our Trustee shall have the power to retain any property received into the trust at
its inception or later added 10 the trust without regard to whether the trust
investments are diversified as long as our Trustee considers that retention is in the
best interests of the trust or in furtherance of our goals in creating the trust.
b. Additioos
Our Trustee shall have the power to receive additions to the assets of the various
trusts created under this agreement from any source.
c. Busioess Participatioo
Our Trustee shall have the power to terminate, to contioue or to participate in the
operation of any business enterprise including a corporation, a sole proprietorship
or a general or limited partnership and to effect any form of incorporation,
dissolution, liquidation, reorganization, including but not limited to recapitalization
and reallocatioo of classes of shares or other change in the form of the business
... enterprise or to lend money or make a capital contribution to any such.business
enterprise.
d. Permissible lovestmeots
Our Trustee shall have the power to invest and reinvest the assets of the trust as
our Trustee may determine to be in the best interests of the trust without limitation
by any law applicable to invesunents by fiduciaries. The permitted investments
and reinvestments may include securities such as common or preferred stock,
mortgages, notes, subordinated debentures and warrants of any corporation and any
common trust fund administered by a corporate fiduciary or other property real or
personal including savings accounts and deposits and interests in mutual or money
market funds or invesunent trusts, annuities and insurance whether or not such
14-1
any such person is a Trustee, director, officer, partner or agent of a Tmstee or a
beneficiary of the trust.
v. Farm or Ranch Property
With respect to farm or ranch property, our Trustee shall have the power to
participate in and operate any farming (iocluding tree farming) or ranch operation
personally or with hired labor, tenants or sharecroppers to lease any farm for cash
or a share of crops under a lease which permits or precludes the material
participation of our Trustee to fertilize and improve the soil, to employ
conservation practices and to participate in government programs and to perform
any other acts deemed necessary or desirable to operate the property. In making
a decision whether to materially participate in farming or ranch operations, our
Trustee shall consider whether an election should be made or h!l5 been made under
IRe g 2032A to qualify for special farm-use valuation.
w. Ancillary Trustees
If, for any reason, our Trustee deems it advantageous to act through an ancillary
Trustee, our Trustee may designate an ancillary personal represeotative or Trustee
qualified to serve in the jurisdiction where such ancillary Trustee is to act and may
delegate to such ancillary Trustee such of the powers granted under this agreement
as our Trustee deems advisable without being chargeable with loss if any arising
out of such designation or delegation. Our Trustee may specify whether any
corporate Trustee or any person or persons acting in an ancillary capacity
hereunder shall serve with or without bond. Except as may be otherwise
specifically provided, no ancillary Trustee need comply with the provisions of any
Uniform Trustee's Accounting Act, the Uniform Trust Act or similar acts in force
in any state where the fiduciary may be acting.
x.
Reteotioo of Closely Held loterest
. ..
Our Trustee shall have the power to retain any real estate interests, closely held
securities or affiliated companies or business interests, and to sell or dispose of
such interests only after careful consideration and after determining that sale or
disposition is in the existing circumstances in the best interests of the trust or its
beneficiaries.
y. Exercise of Authority
Except as otherwise provided in this agreement, our Trustee shall have the power
to do all acts that might legally be done by an individual in absolute ownership
and control of property.
14-5
('
z.
Powers of 30 loterested Trustee
Any Trustee who has an interest as a beneficiury in thiN truNt allreemenl or uny
trust created by it shall be an interested Trustee. In ul1 inslanceN where IIn
interested Trustee distributes or participates in tile distribution of trustlneo/1lc or
principal to or for the benefit of such Trustee which is limited by uny standard
other than the standards of education, health, maintenance IInd support, tlu:n thc
distribution shall be limited by the ascertainable standards of education, health.
mainteoance and support.
No individual Trustee shall exercise or partIcIpate in the exercise of such
discretiooary power regarding distributions to any person or persons such Trustec
is legally obligated to support as to that support obligation.
.......,
. .
I
'-
14.6
,.
~
Article Fifteen
General Provisions
Section 1.
Spendthrift Protection
Neither the principal nor the income of any trust created or contained under this agreement shall
be liable for the debts of a beneficiary nor shall the same be subject to seizure by any creditor
of any beneficiary under any lien or proceeding at law or equity. Except to the extent otherwise
expressly provided in this agreement, no beneficiary shall have the authority or power to sell,
assign, transfer, encumber or in any manner to dispose of a beneficial interest whether income
or principal. The limitations herein shall not restrict the exercise of any power of appoiotment
or the right to disclaim by any beneficiary.
Section 2.
The Rule Against Perpetuities
Unless sooner terminated or vested in accordance with other provisions of this agreement, all
interests not otherwise vested including but not limited to all trusts and powers of appointment
created hereunder shall terminate twenty-one (21) years after the death of the last survivor of the
group composed of us and our lineal descendants living on the date of the death of the first of
us to die. At that time, distribution of all priocipal and all accrued, accumulated and
undistributed income shall be made to the persons then eotitled to distributions of iocome and in
the manner and proportions herein stated irrespective of their then attained ages.
Section 3.
Incompetency and Disability
For all purposes under this agreement, a person shall be deemed disabled, incompetent or legally
inC~pacitated if and so long as a guardian or conservator of his or her person or estate duly
appointed by a court of competeot jurisdiction continues to serve, or upon certificatioo by two
licensed physicians that such person is unable properly to care for his or her person or property.
Section 4.
Income and Principal Payments
All payments of income or principal shall be made in such of the following ways as our Trustee
determines appropriate:
.,
IS-I
(
a.
b.
c.
d.
e.
f.
g.
Section 5.
..,. -. .... ...~. .~ .- .
To each respective beneficiary in person upon his or her personal
receipt;
Deposited in any bank to the credit of such beneficiary in any
account carried in his or her name or jointly with another or others;
To the parent or legal representative of the beneficiary;
To a Custodian under a Uniform Transfers to Minors Act selected
by our Trustee for such period of time under applicable law as our
Trustee determines appropriate;
To some near relative, friend or instirution having primary
responsibility for the care and custody of the beneficiary;
By our Trustee using such payment directly for the benefit of such
beneficiary; or
To our Trustee of any revocable trust of which the beneficiary is the
Trustor.
Education
For all purposes under this agreemeot, the term "education" shall be given broad interpretation
and may include but not be limited to:
a. High Sehool
Education at public or private elementary or high schools, including boarding
schools.
. ..
~
.
b.
Col1ege
Undergraduate and graduate study in any and all fields whatsoever, whether of a
professional character in col1eges or other instirutions of higher learning.
e. Specialized Tr:lioing
Specialized formal or informal training in music, the stage, the handicrafts, the
arts, or vocational or trade schools whether by private instruction or otherwise.
15-2
('
d.
Other Educational Actlvitics
Any other activity including foreign or domestic travel which shall tend to devclop
fully the talents and potentialities of each beneficiary regardless of age.
Section 6.
No-Contest Clause
If any person or entity, other than one of us singularly or in conjunction with any other person
or entity directly or indirectly contests in any court the validity of this agreement, including any
amendments thereto, then the right of that person or entity to take any interest in the trust
property shall cease and that person or entity shall be deemed to have predeceased both of us.
Section 7.
Disclaimer by Beneficillry
No beneficiary shall be entitled to accelerate any distribution to the beneficiary or to terminate
his or her trust interest and thereafter receive outright distribution by use of a disclaimer.
Section 8.
Simultaneous Death
For purposes of this agreement, if we die under circumstances in which the order of our deaths
cannot be established the Trustor with the smaller !axable estate shall be deemed to have survived
the Trustor with the larger taxable estate. If both of our taxable estates are equal, the husband
Trustor shall be deemed to be the survivor.
If any beneficiary under this agreement and either or both Trustors die under circumstances in
which the order of deaths cannot be established, the Trustors or Trustor shall be deemed to have
survived the beneficiary and this agreement shall be construed accordingly.
"'
. ..
Section 9.
Children and Issue
For purposes of this agreement, "children" means the lawful blood descendants in the fust degree
of the parent designated and "issue" and "descendants" mean the lawful blood descendants in any
degree of the ancestor designated provided, however, that if a person has been adopted, that
person shall be considered a child of such adopting parent and such adopted child and his or her
issue shall be considered as issue of the adopting parent or parents and of anyone who is by
blood or adoption an ancestor of the adopting parent or either of the adopting parents. The terms
"child," "children," "issue," "descendant" and "descendants" or those terms preceded by the terms
"living" or "then living" shall include the lawful blood descendant in the fust degree of the parent
designated even though such descendant is born after the death of such parent.
(
15-3
(
Section 10.
Definition of DCllth TllXCS
The tcrm "death !axes," as used in this agrecmcnt, shall mean all inheritancc, estate, succession
and othcr similar taxes that are payable by any person on account of that person' s interest in the
estate of the decedcnt or by reason of the decedent's death, including penalties and interest but
excluding the following:
a.
Any addition to the federal estate tax for any "excess retirement
accumulation" under Internal Revenue Codc Section 4980A.
b.
Any additional tax that may be assessed under Internal Revenue Code
Section 2032A.
c.
Any federal or state tax imposed on a generation-skipping transfer, as
that term is defmed in the federal tax laws, unless that generation-
skipping transfer !ax is payable directly out of the assets of a trust
created by this instrument.
Section 11.
Words Relating to the Internal Revenue Code
As used in this agreement, the words "gross estate," "adjusted gross estate," "taxable estate,"
"unified credit," "state death tax credit," "maximum marital deductioo," "marital deduction,"
"pass" and any other word or words which from the context in which it or they are used refer
to the Ioternal Revenue Code shall have the same meaning as such words have for the purposes
of applying the Internal Revenue Code to our estate.
For purposes of this agreement, our "available generation-skipping transfer exemption" means the
generation-skipping transfer tax exemption provided in section 2631 of the Ioternal Revenue Code
'?of \~86, as amended, in effect at the time of each of our deaths reduced by the aggregate of (1)
the amount, if any, of our exemption allocated to our lifetime transfers by us or'lly operation of
law and (2) the amount, if any. we have specifically allocated to other property of our gross
estate for federal estate tax purposes.
For purposes of this trust agreement, if at the time of each of our deaths either of us has made
gifts with an inclusion ratio of greater than zero for which the gift tax return due date has not
expired including extensions and a return has not yet been filed, it shall be deemed that the
generation-skipping transfer exemption has been allocated to these transfers to the extent
necessary and possible to exempt the transfers from generation-skipping transfer tax.
Reference to Sections of the Internal Revenue Code and to the Internal Revenue Code shall refer
to the Internal Revenue Code ameoded to the date of each of our deaths.
Section 12.
Personal Representative
I"
15-4
Dusino'J'J nama. If no !1opl1rolo bU:l1nos:J nomo, lOl1va blank.
MILTON ITINGER
BlI.lno.. oddlo" (Including .ullo or room no) ~8 !Ll._}~Il~NR,(_-'A'!u___________uu_u____________u_____u________________uu_____
CI lownor o.olllco 10100nd21Pcodo CAMP HILL, PA 17011-1536
Accounllng rnolhod: (1) Co.h Accrual (3) Olhor ('POCIIy)~ CASH ACCRU
MOlhod(.) 1I.od 10 Lowor 01 co.1 Olhor (olloch 000' nol apply (II
voluo closing Invonlory: (1) ~ CoOl (21 0 or mOlkol (3) 0 o'plooolloo) (4) 0 chockod. .klp llno H)
H Was lhoro any chango in dolormlning quanllUo9, co!!lS, or valuotlon9 borwoon oponlng Bnd closing Invontory111 '"Vas," attach
Dxplanatlon . . . . . . ,
Dldyou "moloriolly ponicipolo'ln tho oporollon 01 Ihis buslno.. during lQ9S71f"No,'soo pogo C-210r llmilon 10"0'
J If OU star1ed or DC uired this business durin 1995, chock hero
Part I .. Income
1 Gross receipts or sslns. Caution: IIlhlslncomowos roported to yeuon FormW-2 and lho "StBtulory
employeD" box on thai fonnwoschocked, SOD pago C-2 and chock hOlo .... 0
2 Roturns and allowancos .
3 Subtroctlln02lromlln01
4 CO'I 01 goodQQold (trom llno 40 on pogo 2)
5 Gross profit Subtraclllna4fromllno:J
6 Olher Income, including Foderal andslDtogosollnoor fuel lox cradllor rolund (SOD pogo C-2)
7 Gross Income. Add Ilnos 5 and e
Part II.. Ex ensas Enlerox onsoslorbu:llnoS9Usoal our homo ani onlln030.
B Advenlslng. B 539. 19 Pension&profil-.horiogplon.
9 Baddobtsfromsolesor 20 RonlorloDso(:l00pogoC-4):
services (soo pogo C-3). 9 a V.hlel.,. mlchln"y. Ind ,qulpm.nt
10 Car and truck oxponsos bOther businoss property .
(see pege C-3) . 10 635 . 21 Repalro and malnlonance .
Commi"lon.aodloo. . 11 :!2 Supplle.(nollocludedlnPanlll)
Deplollon 12 23 Taxes Bnd IIconsos. . .
Depreciation and soctlon 179 24 Travol, moDis, &ontortolnmont:
e'ponse deduCllon (notlne!. a Travel .
in Partllt)(seePogoC-3) . 13 202. b Meal. and on-
14 Employ"" bone", programs lenolnmeol
(0Ihorthanonlloe19) . 14 cEnlerSO%ol
Insurance (olherthan heallh) 15 IIn024bsublecl
lollmilallon.
InleroSI: (seo pg. C-4)
a Mortgage (paid 10 bank.. elc.) 16a dSublraclllne24c fromllno 24b
b Olher 1Gb 25 Utilllle. . . . . .
17 Legal and prola"lonal 26 Wago.('e..omploymenlcredll.)
sorvice. 17 100. 27 Olhere,pense.(lromllne460n
omcoox onso 18 a 02
Total expenses boloro oxpens09 lor business U50 ot homo. Add IInos 8through 271ncolumns
Tonlallvo proflt(loss). Sublraclllno 28 Iromllno 7
Expenses lor businoss usoolyour homo. Anach Form 8829
Net prom or (loss). Sublraclllne 30 I,om line 29.
. If aprofil, enloron Form 1040,IIn8 t2 and ALSO on Schedule SEt line 2 (slDlUtory employees, }
seo page C-5). Estatos and trusts. enlor on Form 1041,IIno 3.
. II a loss. you MUST go on 10 IIno 32.
32 II you ha.vo a I~ss, check tho bOl( thai descrlbos yourlnvo:llmonlln lhls activity (soo pogo C-5). }
. II you chocked 32a. enlertho loss on Form 1040. line 12 andALSOon Schedule SE.llne 2
(Slolulory omployeo.. .ee page C-S). EOlale. and truslQ, enleron Form 1041.lIno 3.
. II you chocked 32b, you MUST anach Form 619B.
KBA For Paperwork Reducllon Acl Nollce. .ee Form 1040 In.trucllons.
SCHEDULE C (1995) FOC-l
Fa,m Sallw." CagYIlQht t995 HIR Black f.. Se'v'eu.lnc.
"
Schedule C
(Form 1040)
Profit or Loss From Business
(5010 Proprlnlornhlpl
... P.utner!lhlp!l,lolnt vanlures, elc.. musl file Form 106S.
... Altach to form 1040 or Form 1041. ... See Instructions for Schedule C
n'lla"""OIlQI"" "11111'"
Inll,nllll.....OIIl""""" lnl
Nnmo 01 plOpllolOl
MILTON C !"rINGER
A
PlIl1ctpnl busmO'J!J or prolo!lsiOn,ll1cludln() pro duel or !iOfvlcn (soo pogo C-l)
CRAFTS : CRAFTS
C
E
F
G
11
12
13
15
lB
lB
26
29
30
31
137.
OMO tlo, 1M5-0074
1995
AIlDchnMlnl
Form 1040. So uonco No. 09
Social !lOCUllty number (SSU)
489-20-6419
o Entof principal bUSlno" cado
.00 0 0 C-G ~ 3012
D Employor 10 numbor (EIN). ,I any
No
x
x
.~
~
1
2
3
4
5
6
7
18.244.
18.244.
10,442.
7,802.
7,802.
19
20a
20b
21
:!2
23
546.
24a
548.
68.
24d
2S
26
69.
725.
~
27
28
29
30
760.
4,124.
3,678.
31
3,678.
32a B All loveslmenl I. .1 risk.
321> Some Inveslmenll. nol
alrlsk.
Schedule C (Form 1040) 1995
,
SohoduloCIFo"" t0401 too, MILTON C ITINGER
489-20-6419 P~02
parllll
Cost 01 Goods Sold ('oopogoC-~)
33 Invonlory at bogtnnlng 01 YOIlI.1I dlllmant rromlulJl yoa,'lIcloslng Invonlory, Inach oJplamlllon 33
34 Purchasos loull COllt 01 1I0nlll wUhdrawl1lor porconal uso 34
35 Co,' o'lobor. Do nOllncll/do oolory pold 10 youlOol' 35
38 Malorlol, ond ouppllo. 38
37 01hor Cosls 37
38 Add Ilno. 331hlough 37 38
9,827.
4,189.
14,016.
39
Invonlory 01 ond 01 yoor
39
3.574.
40 Co.lol ooduold.Subtroclllno30 from Ilno 38. Enlorlhoro,ullhoroondon a 01 IIn04 40
PartlV, Inlolmatlon on your Vehicle. Complolo Ihls pnrt ONLY II you oroc/a1m1ngcarorllUckoxponsoson
IIno 10 and oro nol requlrod 10 010 FOlm4S6210rlhls buslno... 500 Iho Ins1rucllonslor IIno 13 on pogo
C-310 IIndoulllvou mus,mo.
10,442.
41 When did you ploco your vohlc/o In sorvlco lor buslno.. purposos? (monlh. day, your)
~ SE;~__~T1~9..I.:IJ~J;;!:!T
42 Ol1ho lolal numbor 01 milos you drove you. vohlc/o dudng 1005. OnlOrlho numbor 01 mllos you u,ed you. vohlc/o lor:
a Businoss _______________________ b Commuting _______________________ c Other
44
Was your vehlclo evalleblo for use during olf-duly houlO?
. . . . . . . . . . . . . . . .
o Yos 0 No
o Yos 0 No
No
No
43 00 you (or your spouse) havo anothervehlcfe available 'or personal u501
45. 00 you hevo ovidonco 10 SUPPO" you. deduction?
b II "Yos,'I"ho ovidonco wr1non?
"~lirFvj Other Expenses. UsI boIow buslne..oxpensos nollnc/udodon nn.. 8-28 o. IIno 30.
. . . . . . . . . . . . . . . . .
___~Ji9!Lf..~KS
760.
-------------------------------------------------
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
48 TOIII o!h.r . .n.... Enlor horo and on 0 01 nno 2?
KBA
SCHEDULE C (199S) FOC-2
Fo,,,, Solt.a,. COP'r"Oht 1'95 HIR Bloc. I'll !!IIrvlU..I"Co
48 760.
Schadula C (Form 1040) 1995
,
"
SCHEDULE C
(Form 1040)
Profit or Loss From Business
(Sole Proprlotorshlp) 1994
... Partnershlps,lolnt ventures, etc.. must file Form t065. Attachmonl
... Altlch to Form 1040 or Form 1041. ... Se. Instrucllons ror Schedule C (Form 1040). SOQuonco No. 09
Soclll securtty number (SSN)
489-20-6419
B Enler prtnclpll busn. code ...
3012
D Employer 10 no. (EIN). II any
a~n 110. ".'~I)O'.
Oopartmonl 01 Tmosury
lnlornlll ROI/. 50Nleo (991
Nama 01 propnolal
MILTON C ITINGER
A Prmclpal bUSlnDSS or prolosslon, Including prOduct or 50t\'!CO (:too pago C-l)
CRAFTS : CRAFTS
C BusmOS3 nnmo. II no SCp8lillO bUSlnOS3 nnmo. 1031/0 blanK.
MILTON ITINGER
E 8uSlno.s . 881 MANDY LN
~?dr"s'\~'IO ZIP CAMP HILL. PA 17011
F AC<:<lunong molhod: (1) (2) Aeeruill
G
(3)
Olher (.paclfy). CASH ACCRU
valuo closIng Inventory: (l)~Cost (2) 0 Lowor 01 cost (3) 0 01hor (onoeh (4) 0 000' nol a~plV Iii Ve. No
or markot oxplanatlOn) chockod, S Ip IIno H)
H Was lhoro any chnngo 1M dOlermnrng quanllnos, coslS, or vi1luauons bOtwoon opening and closing inventory111 "Yes," anach
ell'plananon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . , . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . :<
I Did you "malenally participate" in tho operation 01 this bUSiness during 19947 If "No," soo page C"210r Urnt on lassos, . . .. . . . . . X
J II YOU star10d or aCQulrod Ihls business dunna 1994, chock here. , . ........... .... ..... ..... .... ................... ... ... II
fPart II Income
1 Gross rocelpts or salos. ~uUan: It this incomo was repor1od to you on Form W-2 and tho "Statutory
employee" bole on that torm was checked, sea page C..2 and ChOCk Mre . . . . . . . ........ .0 1 15,099
2 Returns and allowancos. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... .. ................. 2
3 Subtract line 2 Irom line 1.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .... .. ................ 3 15,098
4 COS! 01 goods sold (from line 40 on pago 2) . . . . . . . .. . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5.808
5 Gross profit Subll'act line 4 from lino 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 I 9,290
6 Olher income. Including Fedoral and stale gasoline or fuel tax credit or refund (see pago C-2) . . . . . . . , . . 6T
7 Gross Income. Add lines 5 and 6. . . . .. . . . . . . . . . . .. . . . ................... .... ...... ...... 7 I 9,290
Ipan III Excenses. Enter exptmses for bUSiness use 01 \lour homo only on lino 30.
8 Advortlslng,.............. . 8 19 PensIon & prolit-snanng plans. 19
9 Bad debts from sales or 20 Rent or lease (sea page C..4):
sorvieos (.ee pogo C-3) . . . . . 9 a Vehicles, machinery, & eqUIp. . . 20a
10 Car 3nd tnJck expensos b Olhor bU.lness proporty . . . . . . 20b
I.ee pago C-3) . . . . . . . . . .. . 10 558 21 Repairs and malnten3nce . . . . . 21
11 COmt1llSSl0ns and lees. . . . . . . 11 22 Supplies (nol ineludod 'n Pan III) 22 330
12 OoplollOn. . . . . . . . . . . .. . . . . 12 23 Taxes and licenses. . . . . . . . . . 23
13 Deproclatlon and soctlon 179 24 Travel, moals, & entenainment:
expense deduction (nollnclud.. a Travel. . . . . . . . . . . . . . . . . . . . 24a 410
od in pan III) (see pago C-3). . 13 206 b MoillS and
14 Emplovee benofil progrll/llS entenammenr 228
(other than on lino 19). .. . ... 14 C EMler 50~. of
line 24b
15 Insuranco (other than health).. 15 subject to
16 Interost: " lltnltabons 114
(see pg. C-4)
a Mongago (paid fa banks. of c.). 16a d Subtract Une 24C from line 24b . 24d 114
bOlhor................... . 1Gb 25 Utilities.. . ................. 25 I 1,083
17 Legal and professlonaJ 26 Wages (less emplOyment credits) 26
services. . . . . . ............ 17 27 Other ellpenscs {from line 46 on
18 Office excense. . . . . . . . . . . . . 18 oaoo 21 ... ............. .. 27 1,631
28 Totti expense.s bOloro expenses lor bUSiness use of home. Add lines 8 through 27 In columns. . . . . . . · 28 I 4,332
29 Tontatlve profit (loss). Subtr3clllne 28 from line 7 . . . . . . . . . . . . . . , . ............................. 29 4,958
30 Expenses lor bUSiness use of your homo. Attach Form 8829 .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..... 30
31 Net pront or (Ios,). Sub.oe! Uno 30 trom line 29.
. If 3 profit. enter on Form 1040, line 12, and ALSO on Schedule SE, line 2 (statutory emplOyees,
590 pogo C-5). Estales and trusts. enler on Form 1041, line 3. 31 4,958
MOlhod(S) usod 10
. II a loss. vou MUST go on 10 IIno 32.
32 If you have a loss, cnedc the bole tnat dcscnbes your investmonlln this actMly (sea pago CooS).
. II you chocked :12.1. onlor tho Joss on Form 1040. line 12. .1nd ALSO on Schedule SE, line 2
(slltulary employoos, seo pago C-5). ESIDIOS and trusts, onlor on Form 1041, lino J.
. II you ehackod 32b. you MUST anoeh Form 6198.
For Paperwork ReducUon Act NoUee, see Form 1040 InstnlcUons.
'1733 C12 ~n' 81111
C;"oyngnt FO''''I SoHwa,. Only. 1;9, N.lca,lnc. ~94SCHC I
}
}
32a 8 All invostmenlls af nsk.
32b SOme Invostment 19 nol
arnsk.
Schedule C (Form 1040) 1994
.
SohoduloCIForm '0401 ,os.MILTON C ITINGER
I Part III I Cost of Goods Sold ('00 poqo C.~l
33 In\fontcry al boeJmOlng 01 YOIll. II dlnoronllrom 11151 YOM'J cto~ung invontory, d.nach oxplftn3110n,
34 Purchll50S la" C051 01 Iloms WIthdrawn tor porsonAl uso ,
35 CO'I 01 labOr. Do nollllCludo .aJlU'f pOlld 10 yoursoll. . . . .
36 MalanDls and 3Upplios . . . . , . . . . . . . . . . .
37 Olhor coOl.. .
38 Add Iino. JJ Ihrough J7 .. . . . .. .. . . . . . . . . . . . . . . .. . . . . . . . . . . .. . . . . . . . . . .. . . . . . . .. . . . . . . 38
39 Invenlory.1 end 01 YOBl .. . .. . .. . .. . .. . . . . . . .. . . . . . .. .. . . .. . . . . . .. . . . . . . . . . . . . . . . . .. . . 39
489-20-6419 P~o2
33
34
35
36
37
40 co.t a' good. .old. Sub~oClllne J9 tram line JS. Enlor Iho resun here .nd on p.go 1. line 4 .. . . . . . . 40
Part IV, Information on Your Vehicle. Complolo this part ONLY ,f you are claiming CBl or lnJck e'pen.e. on
Uno 10 and are nol required to rue Form 4562 for this business. See the Instructions lor Iino 13 on page
C-3 to find out if you must filo.
41 When did you place your vehide In .elVlcolor bUSlno.. purposo.? (momh. d.y, year) ~ SEE ATTACHMENT
a Business
b ColMlUting
42 Of the lora] number of IT\Iles you drove your vehicle dunng 1994. enter tho number 01 mlos you used your vehiclo for.
C Oth.r
7,769
7.866
15,635
9.827
5,808
OVBS o No
o V.. ONo
No
No
43 Do you (or your spouse) have another vehicle available tor personal use? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
44 WllSyourvehiclo 'va"oble foruso during on-dulY hours?..............................................
45a Do you have eVldonce 10 suppon your deduction7. ... . . . . .. .... . . .... . . .. . . . .... . . . . . . . .. . . . ..... . . . .
b II "Y.... is Iho BVidanco wnnon? . . . . . . . . . . .. . . . . . .. . . . . . . .. . . ... . . . . . . . . . , .. . . .. . . . . . . . . . .. . . . .. .
I Part W I Other Expenses. UOI below bus,"... e,ponso. nol includad on line. 8-2S or lino JO.
SHOW FEES
46 TaU! other e "su. Enler here and on ca e 1. line 27
11733 C12 NTFI717
CODynllltu Fort'" 50ttw.,. O"ly. 111. N.ICO,I"Co N14SCHC2
146
1,631
1.631
PA.o\O.C (U.llJ)
COMMONWEALTH OF PENNSYLVANIA
Prolit or [Loss] From Business or Profession
(SOLE PROPRIETORSHIP)
19 93 An.eh to lonn PA.o\OR. PA.40NR. PA.65 or PA.41
Nomo 01 P,opnetor.. .hown on lonn PA.40R. PA.o\ONR. PA.65 or PA.41.
ITHlGER MILTON C.
SCHEDULE C
PA DEPARTMENT OF REV.
A Mam buGin.u Qctlvity" CRAFTS : produd or service ...
B Bu~nos.s Nama'" MILTON ITINGER C T ""p.Y'l' Id.I11I1ICOlion numb.,
D BuslneG.S address (number a.nd meet)
City. SI3t. and Zip Cod. ~ SAME -
E Method(sl used to yl1fuo dosing invontory: C
(1) 181 Cost (2) 0 Lowor of cost or IT1.1Jket (3) 0 Other [d other. _eh expl:ll13tion)
F Accounling method: (1) 0 C.uh (2) 0 Accrulll (3) 181 Other (.peaty) >CASH ACCRU Yo. No
G Was tholO any change in dQlormning quantrties, co~ or valuations between opening and dosing inventory? . . . . . . . . . . . . . . . . . . . . X
tf "Yes.. attach expI3l13tion. ~..1,..j~~;1~;":
H Cid you daduct expenses fOl an of:ice in your homo? ,............................................................... -, X
l"''''''''''t'' .. 'r." ~:;~~...,-; "." .,.t" '11 -...........'1 ..~..-\"','t"r-,.t'" "t-.'L~~U""" rjfJ;.l'?r!-'-n
~'i'.t.,.. _ -"'~ 'l'.j~;>,f', :u'~ .....,' .r....,\O:''"':''':'t~..,..r.. ..~. :....'.r'-\!..,....,.,...".,..:.~' " : )'"~'~'-'.''' ,,~:.~ :-~. ".,~",", .~_~. . .Ui....~,!t' .~ ': '~-,
. . "'f ..'\.,....._'...'.., ,..~'" . .!t"..... ~'k"""" ~ 'j '''.. ,," f .~. \..~ ~..~~~~..'" ~'j'" ~"L .t. " '" ,tl"l'~' 'I!"'" ;01'. I~ "r"",.~ o"I~"I:-:\ - V..;' ~l~~t,. '1f
" ~ .'!~t;..,;, . ,,:,;':";~[,lI'.~':.;.~ f;':''j';.i.~~.,,~~~f:...f.;'3'':.;.< ";,;"j; ';;':;~.;"I~.H ';" ~ S:,"f'h'~':";'?! j:'!~"Ij"".t'Jli :'<~lli "
._' ',,-1. .' _...'I,'~.'" e'it..~. ' .." ,~' '.. ...' , :. ,; .,..,'. "'.' .. }I: -- ,.0.. ( p: ~ .._",', ..'" ',," .:L.r;.i.~_.:.~~.~ \o't ::.!.1.I..:~'.!~ ';':
1 G . 15 608 . ..., Pi :r...~i~..'.l;"^"
a ross reeetpts or sales.. ...... ..........................., 101 I . ~~.:!:..,~:.:. ~~ :!~ r. 11_' .1;J:"~ 1"1'~
~_'f ~;,;~.~}t~i'ljS~.{rl~ :.....;ltf.1'~~.;..
b Retumsand.1ltowances................................... lb 15 .',.,.~" ~'~ ,1!:_H...;i.8~.!..
0 BlIl:ll1ce (.ubtract nn. Ib ~om linol.).... .. .............................................. . Ie 15 593
2 Cost of gOodstold :ll1d/orop.ralion.(ScI1edul.C.l. fino B). ..... ................................ 2 1.937
3 Gro"" profit (.ubtr.ct nn. 2 from nno Ie)....... .... . ..... .......... .................. ...... ... 3 13.656
4 ether income (attach schedule) Indude interest !rom accounts reccivtWle. business cnecking accounts. . . . . 4
and other business ilCCOunts. Also lnduda sales 0' operational assets. See Instructions Booklets.
5 Totlll incomo (add line. 3 .nd 4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . !> S 13,656
k'\""1""'f;"',,:!_'''~l'' ~"'\-.""J"'" ,. ",,'-. '-~'.\:'::<';' .,\;'~ "".;. .'" '''-''''''Ji''''''''l,y",..n- ..).;.,.....~~~:;'Jrf
-.;" I - _ .r. 'i ~ 1;1-......# '. . .; ~".~~:., :1"_ fl..:'..:<.( .1 ':IT r"! ,....: ..~~' :'... u:f.': ,~.:' . ",':}i-:" Jd:1 ~~~':1-~~1,.:~' !1'':~'O-. ~. -' !~';I:"~ "'I I, ii' '.j ~::~\:i~.l~~' "~~,,,",t'i:,,:, "'f,\&".;
10. _ ~t:'~' ,I; ., .... ,:. 'f.,.~:,1 ~,~):":'"I:\ - ~;.';. .' ,;""Qi .,:. .':1t .~'~... { .~:;;~.. "l'.,-:..7~ u",;.'i: i~i:' .~~..r'-~' .': "~L~';:~ ;'!""'-;"~:1f~r"" ".. -,"i:u:~J .:.t:'r ~., ;.
. '~j, ,,,;*'oj _,:'i.lIJ,.~.'..."i,:!.I:)'~ .,;"~.~-)j:~:J,1.,;.:.:::...:_I'::'\-..l._1..4:~~Ti;.:... ~""~-r',~-:~,<,,~":f~:I, ~r"':,l.,f;...~~;',~l. ,,'~ ~' ~,....,.';;. :.'7-~:';j..;.'....,;. ''J*.'={;o::1;J't:PJ...~.;r.~.r..i.:
_- '. '.' . '....- '," - . -.- ~'. - '.- ':~'"'... , ..... . -~t;~i~.i.,:~.-:-?tj:;:~1~;
. Adv.nl.lhg........................ 113 31a N.g........... I li-r.:'.f.,"l':!.~'~:i
7 Am . . 31b cmDIoV.flrounll". I i~..;.r\r"'i':"'~':Jl<I"; ;
:ortizauon .. . . .... ............... PaV""'nl Clad.t.... .' ,1. ..' . J '.'
a Bad debts from sales or services . . . . . . . 310 Balance (subtract fin. 31b Irom
9 Bankeh........................... . IIro 31a)............ .........
10 Car and tnJck expenses.............. 880 32 Oth.r .xpen... (.pealy):
11 Conmsslon. ...................... a SHALL TOOLS 233
12 O.p!etion ......................... b SALES TAXES PA 766
13 Dopr.ci3tion (oxplllin in ScI1odul. C-2) .. 60 e SALES TAXES VA 65
14 Oues and publications ............... d SALES TAXES ~ID 56
15 Ernplov- benefll programs olh., Ihan on U,... 22 . 0
16 Freight (not indud.d on ScI1edulo C.l) . . ,
17 Insurance. . . . . . . . . . . . . . . . . . . . . . . . . g
1B Interest on business Indebtedness. . . . . . h
19 Laundry and d.aning. . . .. .. . . . . . . .. . I
20 Legal and prof.sslonal ..rvice. . . . . . . . . I
21 OffIce suppllo. ..................... 25 k
22 P.n~Dn."d prollt.'t1alll'lQ plana fDfamploV", .. I
23 Postago.......................... . m
24 Rent on business property. . . . . . . . . . . . 625 n
25 Aepllirs.......................... . 0
26 Suppll.. (not indudod on Scl1odulo C.l). 174 p
Z1 Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . q
28 Telephone. . . . . . . . . . . . . . . . . . . . . . . . . r
29 Travel and entertainment ............. 341 .
:lO Utifrties ...........................
33 TOUI deductions (add amou~ in columns :or lines 6 through J2s1 . . . . . . . . . . . . . . . . . . . . . . . . > 33 3 338
34 Net profit or ~ossl (subttac:. ~ne 33 from line 5). Enter totaJ here .1I'Id on tt1e appropn.ne line 01 your fonn PA~4GR.
PA.40NR. PA.ES or PA.41. II a net pass) i3 shown. erner the .1I1lOunt in br3ckets on your return ............. 34 10.318
Soaal 5OCUn1y number of propn01or
489-20-6419
CRAFTS
P~C1 NTF "0111
Copynoru Form. Sollwata Or'lly. 1093 N.lco.:nc. NiJPACI
.ITINGER, MILTON C
489-20-6419
Seh.,;iulo C
.8:;' :'1:'::.4'.:; ,::.:.,:.... .:;c:;J ct C\co'~~3:lr.!.i':n:l!:!' t;::~r::CQr:s
. .
.':.
Inventory.11 bOGlnnUlt] at yeal (if dlfforont Irom 13:01 'lear', do~nC] Il1lJctnlory, Jtt.1ch tJllplaniltllJnl
.i2 " Purcl'"asU . . . . . . . . . . . . , , . . . . . . , . . . . . , . . . . , . . I .2.1 1
b COlil of 11ems Withdrawn lor per~n4J u:.o . . . . . . , . . I 2b
c Balanco (SuCltOlt1 rino 2b from line ~ill
3 CO$! ot labor (dO not indude :s.1Jilty p~d 10 your:.olf) ..... . . . . . . . . . . . .
'" MalenaJs and supplios ..,......,....,.................,.. . . . . . . . . . . . . . . . . . . . .
5 Other costs (a"3Ch schedule) .................,................".........................
6 Add lines 1. 2c. J, ".1nd 5 ..........................,..................,.,........,......
7 l"vernor/at end of yeal .......................,...............................,.........
a Cost of Ood3 sold Jndlol aoorarions fsublract fine 1 from tine 6\ Enter hltfO Jnd on P:ut I. :ine 2
st:~E~t'Ji..::. C~2~::+-~:! De'M'd3Uoh~:,:,
Date I DepreCiation allowed or
Oos.cnption of property alXjuired allowable in pnor years
(a) Ib) (el (eI)
1 Tot3J additional first-year depreciation (do not include in Items below)
2 Other depreciation: ;!:~ 1::',:;:1;, i;1 I!. ' Ii
BUIldings ..............
Fumrture and ~ures .....
rransponaoon equipment .
Machinery & othor equipment
Otho' (.poa1y)
4 091.
6,076.
2c
J
.
5
6,076.
t
,'I'.,,;'
.: . i: I ;'; ,~
:,' :~! ;i':;::: 1~; i:: : ",
I;
I
I
I
...........................1
. Cop,eaation d3Jmod In Schodule c., ..................................................... I
...................... ~I
J Total. ...............................
J
.
5
5 9aJance (subtract nno ol from nne 3t Emer here :md on Pan n. line t3
:::G;1':";:'"Jt..::'C..:t:i:..~,! .::<c';!n::all::lt.:::::::Unt!,fr:(cri'!"1:it:~n~ '.,. i ::~:';';',,::)i ::>'i':;::: :,1: iLl'ji:;"j! ._';_::' 'i:;I, r:,'.li.i~:I;:_~:I: ;f~-:I ':i ,:; 1';,,':';'1:: ;;li ii!i,l:i:.:i; ;f.';+i'.::i: I'~;:!~:;;i! ';;.;:1:;
Enter intonnatlon for yourse:t and your five tm;tles1 pmd employees. In determmng the five nlgneS! paid employees, add
expense account aJlowances to the salanes and wages. However, you don' have to provide the information for any
employee fOI whom the combined amount is less than $25.000. or tor your~1f if your expense account allowance plus
line 34. page 1. is less than S25.0c0.
Namo
(al
Owner... ......... ... .......... ...... ........ ..........
,
2
J
Expense account
(bl
Salaries and wages
(e)
Iii,,'}":':
I
I
I
~';. :,;1 ,ii! ::::' ;~l~:!;;~";;il, ill';~i:: .rr:lii:l::ii q
.
5
Cid IOu d31m a deduc:ion for expenses connec:ed wrth:
A 2ntertalnmen1 lae;lity (boat resort. rancn. etcl? ..........,............,...........................................
3 UVlng accommodaucns (except emcloyees on busmes:;l1 ..........................................................
C '/:J.C3tlcns for emolcyees or thell ~:lJntli8s net teoorted on form ',v-2? '.........,..,.........' , . . . . . , . . . . . . . . . .
: Yes I No
I I X
I I X
IX
2PAC...2112.11.9a
_1 COMMONWEALTH OF PENNSYLVANIA
Prollt (or Loss) From Business or Prolesslon
(SOLE PROPRIETORSHIP)
1991 Altlch to form PA-40 or PA.41
N:uno of Propnetor.15 on 101m PA.4{) 01 PA."'.
ITINGER MILTON C
A M.m bu.m... 'C1IY11y ~ CRAFTS
PA.'.l).C'i1!.lI!l)
SCHEDULE C
B BlIsiner.s N3Ine'" MILTON ITINGEH C Employer Identrfic.1lion number
0 Business address (number and stleetS~tE -
City, SltUO and Zip Codo~
E Method(S) used to value dOsing inventory: C
(1) I8Icos! (2) o Lower of cotol or malket (3) 0 Oth.r In oth.r. .n,ch ..pl3ll.tion)
F Accounting method: (1) 181 C.'h (2) 0 Accru31 (3) 0 Oth.r (.poaty) ~ Vas No
G Was there any change in d01ermlOing quantrties. costS or valuations between opening and dosing inventory? . . . . . . . . . . . . . . . . . . . . X
II -Yes: attach explananon. :\UJ!~ 'I';;'l:
H Old vou deduct elDenses for 30 otflce in vour home? ............................................................... X
'. .~ "t n.:OlnDw'~n",1 ".~ ~ ,1[" I. ~ lit T!fi I"ll'. .~"I,! ;. II 'q." ~'l' c, ;lij.~,~p" 'iL~ rl:': ,!~".~ ~ '1,!;:lj ;j1'j~:11" !'of 'h' -11:( "~"i',I1~ "'If. 'l;!,~ J~";~ Iii') j':II:ut:li.' j:,:h'i,,:
,I' ti:l"l 'II, ~ill'jll,J~j,,""P'j,'"t,''' 'it.I~~. :~"~' e, ,.,..hi'r1~"~'ij;J.I~ .~J1t,.k'"~I:!Jt~~..:lit ~,j:~til..". jr\'~'I';I'~' '!flllr'1j,~~)'.~,~i,:tI' ~li;.,I'iT:~~~'..~,' ",li~;rt:rt':.i4.~H~::tr(~ 1,.j~jln,J.,,~;I'~;i.~JI ;1:,'~I:::I'y". r:'~I,Jl'~.
I" ... ",. """ "..., ""''''''',., ......' ,.,. ..'" .,', ..J .." ,. ," "., . ~ ,~. '. '.. 'u. . ,.,., ,,'.. ;"" ......"'.,.J> .'. '. "c.." .,..... " ...,. ...." ." ~ ,. "f" ., ,,,. . .".. .' ...,..... " "
1 a Gross receipts or sales ..................,................. 1. I 8 063. 'i1i,1,\1~~~>~1mili'~;i,ti:ji~.II'I'f,~r,~f~i~' t
b Returns and allowances. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . lb I r'i!~I~, r, . ~t:~jJ~J~fJI~lll, 'Ji*,h,
.. , ' ,; ""', "'...
c Balance (subtract line 1b frorn line 1al............,......................................... Ie 8,063.
2 Cos! of goods sold andlor op.rations (Schadul. C.l. Un. 8)......... .... . ... ... . ....... . .... ...., 2 2.939.
3 Gross profit (subtract line 2 frornflne1c)...................................................... 3 5,124.
4 Oth.r incom. (.tIach schadul.) ............................................................ 4
5 Total income (add lines 3 and 4). . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . ~ 5 5,124.
rH;'~TI"I' 1'1" "0' h""'''' I'., ::I"'~r '1,1"'''''~ 1,"."'~1'.,"'f'""T'1"H "'~'Ji' ""'~'i1r'~'ili'" "l~~~ "'~~r"'J:i":l.I~i.l{ '".m~r''';.I'~''''...H']j'rt!,i!''.,.:
"Pl\R . II f'OilllifTiin'" '~~" ,~~JI~,.Ji~' ',"'i'r,~~1.'.".'I., Wi '"'1''' "'r""h"'i''''''~!; I'" '~..' .1[ '''''I''''lll ". '~I""~ ,1:J~;'l,.;t'f
~. . ,.J .. CIS, .,1. ~ j,IV; .;..;1 ".' .,(' lit ,ij'~'f' ,; ,. . "':'~ I", i;L~'. ,\.,~, '!"'l,,'J~ .~. 4, " . I.. . ',' '" rr,L....~,'U, .,'"I"!I ,'" .~.: I. t,:,
1~IJi~~~H~;jJ~/~~'!'JI~li+:IiU.~:~:liijdi~lt~~:~i;!if~mJlniLll~;t:j;Iu~~~~~I,~ti:jtJ!':~. .it~i~11~~'i!ii:Uii:!~~:~.I,~~;~JI~j 1~:Til;'rl ''J~' .! ,~; ,~, j:,"':~~~m~J~~:ai~~:hl.j,Il'. '~~~.w~i "~l~{ J '!11~n. :l:t
8 Advertising....................... . 45. 31. VV.g.s.....,... I '~I~i~_I!II!':"
31b Employ.r Incomiy. I ~ ,.t~, i ; If I: I t~~]1j:H
7 AInortization .. .. . .. .. .... .... ...... paym.nt Crll<li1 I~ . .~. "'~ "~,I, '. :1:' "f:
8 Bad debts from saJes or saMCS! ....... 31e Blliance (.ubtracl Un. 31 b from
9 Bankcharg....,.................. . nn. 31.)........... ....... ... O.
10 Car and truck expenses. . . . . . . . . . . . . . 719. 32 Chh.r..p.nses(specdy):
11 Corrmissions ...................... a TAXES 492.
12 O.plation ......................... b DUES
13 O.preciation (..plain in Schadul. C.2) .. 0 SUBSCRIPTIONS 42.
14 Dues and publications ............... d SHOW FEES 485.
15 Employe beneti1 programs . . . . . . . . . . . . 0 SUPPLIES 212.
16 Fr.igh1 (not indudad on Sch.dul. C.l).. f
17 Insurance. . . .. . . .. .. .. .. .. .. ...... 9
18 Interest on business indebtedness. . . . . . h
19 Laundry 3lld d.aning.. .... .. ........ I
20 Legal and prafessionaJ services ........ j
21 Ottice .uppOos ..................... k
22 Penslon and profil.shanng plan........ I
2:l postag... . .. .. .. . , .. .. .. .. . .. , . . . . m
24 Rent on business property. . . . . . . . . . . . n
25 Repairs.......................... . 0
26 Suppli.s (not indudad on SChadul. C.l). p
Xl Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . q
26 Telephone. . . . . . . . . . . , . . . . . . . . . . . . . r
29 Tlavel and emertainment ............. 408. .
30 Utiliti.. ...........................
33 Total dedudons (add amounts in columns lor lines 6lhrouqh :325) . . . . . . . . . . . . . . . . . . . . . . . . ~ 33 2,403.
33 Net profit (or lossl (subtract line 33 from ~ne 5). Enter subtotal here. .' . .. . . . ... ... . .. ... .. . .. .... . . .. . . ... 2.721.
35 Share at profit {or lossl fronl partnerships. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
38 Share of profit (or lossl from Pennsylvania S corporations. . . . . . . . . . . . . . . . . . . . . .....................,...
37 Enter total here. II a net pro1i1 is snown. enter on Une 4 of form PA.40. It a ne1loss is shown, enter the word 0:0$$0 on
Un.4 of 101m PA-4Q. . . . . . .. .. .. .. . . , .. . . .. .. .......... .. . . . . . . . . . . . . . . . . . .. . . . . . . . . . .... . . ... . 2,721.
PA OEPAn""ENrOF IlEIIENUc;
Soa~ secunt( number of propne10r
489-20-6419
; preduct er ,.",,"" ~ CRAFTS
NrF 3gQ8
P;" ~3chlf\jule C 19.OlJl II!! lllf~ n tl no. p""o 2
\!lel !ECU\'f1:q"1, ::~I Co:;loIGuci!~r.'l!11 ~r.lJ:nr OpCfo1l1cIlS:' ',:.. .., ,. ., . " . '~:' I.., .1.1',.' ,,11".\
:.l.,' "l",.'_"; I ";~' , . .:.;; , I" ,';' . h II" ~ .,
, :~:~~~~~t, b.~~~~g.m .~~ .(<~ d~I~'~:~ ~'~ ~~~ .~~.~ .rJ~~n9 :~~~nI7' ;;t ellpM,natlon) .. 1 1 , .165 .
2 5 , 565 . !~ .~ ,I
",J
b Cost at Items wrthd,awn for personal u~. .. ... .. .. I 2b I ,. .
e BaJance (sub1rnct line 2b tram tine 2a). .. ..... .. .... .. .. 2e 5.565 .
3 Co.. m I.bor (do nollnrJud. soIlU'f pOld 10 YOUf..tl). .., .. .. .. .. .. .. J
4 Matenms and supplies. .. .... .., ..... .. .... .. 4
S Cln., CO'" (.""en sen.dul.) ... .. ... .. .. .. .. .... .. ... 5
6 Add lines '. 2e. 3. 4 .nd 5..... ....... .. ..... .. .. .. .... .. .., .. .. .., 6 7.030 .
7 Inventory at end at year. . . ... .. ... .. .. .. .. .. .. ... .. . ... 7 4.09 1 .
B Cost of noods sold and/or ooef3tions Isubtrnt1l1ne 7 frorn line 6\ Enle, here 3nd on P:U1 I. line 2, ~ 6 2.939 .
!:>C'JEciu:,c'C1"Z\'j'1 ~ 'ti .,; '" ""cr'u' '" "", !,il ',. i. <;;1:"""" '" 'i'..:1 ";1 ," I"~ ,. " .II!'; '"I""",. "', ".,,'" I '",,1";' "I ';r'i: '.' "i, ,., "I.;;" a:, '!V'f:l~ ;'I'<il"'II'I:;'~\ q
~; ! ,"... . """ ~... ,ll~;:'l..c~r!l. ,3.Q.!1.','",;,~,' I" ., M: I',r,' I!,I ~.';:':;""~"~'!1" i',:';":I.';:! ~I ,,; ';"; ,:'''~''''!:!''':I:'\'i' 1"F;\ichl:! I':,,!~ "'::~.~'.~'"I'"A ", ,. ill".,:
Data Costar Deprecation allowed or ~"'Inod 01 Ut. Depreciation for
co",ouW'l9
OtsenpUon m property acquired other basis allowable in pnor yean depl.c.allon orrmo this year
(.) (b) (e) (d) (.1 In (g)
, Total .dditloneJ first.year d.P'.oI ~nd~d~:~ ~~' .?~o~,) ~
2 Other depreda1lon: ,.!. "j ,!" r~"':; . ,~'1. ,", ~'~'.r:: "i"lr.;h]:~;1 'tfer ~'I: !~t~~", n~~ ..~ ':~;-~~1:.tIi\fJ: '~'F'l;tli~'. . ,~:!:(jj\~~:m~I1(:1 :!J~F\t(1
Bu,ldlngs ..... .. . .. .. ..
Furniture and f\x1ures. . ."
Transportation equipment .
M.enln.", & 01118< equipment
OtI1.r (speafy)
3 Totals ..... ....... ... ........... .... .......... ...... ..... ....... 3
4 OepreciOlion doimed In Senedul. C., .................................. ....... ........... 4
5 Balance (subtract nne " from flne ::U. Emer he,e and on Part II. line 13. ... .. .. ~ 5
1?.:::::;t!:::!m~(C~3W\~lE:t:lQI1:3etAcI!:ClJll1!lnf~licml~I:;iI~t1ii:~'hm~i'jI rl:0i.1JJ,>:C ~1:i ~.".J,1~\~"i!.:i:tHf,t:'i1!iill""l!:~~j~M~\I~.~t~'t~~"~~,tl
n
1
Own.r......... ...... .., .................. ........ ..... . , '.il' ,,1,,'
,
2
3
4
5
Old you dOlm . d.duClion la' ..pen..' connllded wJtl1: Ve. No
A Ent.rt.lOmentl.a!ity (bo.~ resort. ranen. oIel1. . . . . . . . . . . .. . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . l(
a LMng acaomTlOd.1ion. (..cept employe' on bu..n...'1............................................................ l(
C V.cOIion' lor .mployes or \1101' lomli.s nol r.coned on lonn W.2'? . . . .. . . . . . . . . . . .., . .. .. . . . .... . . .. . .. . ., . . . . . .. .... l(
Ent.' intonnOlion lor yoursert .nd your 1Iv. n'gn... pOld employes. In dolermnlOg \11. fiv. n'gnest paid employes. .dd
expenae account allowances to the salaries and wage'. However. you don't have to provide the information for any
employe tor whom the combined amount is Ins than $25,000. or for yourself it your expense account allowance plus
Un. 34. p.go 1. 1.1... \I1an $2S.000.
Name
la)
Expense acccunt
Ib)
. Solari.. and wag..
(el
NTF ,...
/j-ll~f'/
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIOUAL TAMES
IHIlUUUH([ tAll DIVISION
PIPI. l.Ottal
ItANAlSlURC, II, 11l:a-DbOI
NOTICE OF INHERITANCE TAM
APPRAISENENT, ALLOWANCE OR DISALLOWANCE
OF DEDUCTIONS AND ASSESSNENT OF TAM
DATE
:;STATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
04-27-98
IT INGER
10-04-95
21 96-0521
CUMBERLAND
101
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE. PA 17013
CUT ALONG THIS LINE ~ RETAIN LOWER PDRTIDN FOR YOUR RECORDS ~
iiEV:is4YEX-AFjouio'9-:li7'j-iicificEuOF-i-NHEiiii'ANCE-YA"x-iiPPRiiisEi'-EiiT~--Ai.i'-oWANCE-iiRm_-_mmm_-
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
MIL TON C FILE NO. 21 96-0521 ACN 101
TAX RETURN WAS: I ACCEPTED AS FILED I X! CHANGED SEE
SUSAN E LEDERER
134 SIPE AVE
HUMMELSTOWN
PA 17036-2799
ESTATE OF
ITINGER
RESERVATIDN CONCERNING FUTURE INTEREST - SEE REVERSE
APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN
1. Ra.l Est.t. (Schedule A)
2. Stocks and Bondi (Schedule OJ
3. Closely Hald stock/Partnership Intera.t ISchedule C)
4. Mortgaga./Not.. Receivable (Schedul. DJ
5. Ca.h/S.nk Deposits/Hllc. Parsonal Property (Schedule EJ
6. Jointly OMnad Proparty (Schedule FJ
7. Transfers ISchedul. GJ
8. Total Allat.
Anount Rani ttad
Il!
12!
131
(41
(SI
Ib!
171
.00
.00
6 ,241. 00
.00
7.000.00
.00
284,860.00
(81
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. Fun.ral Expanse./Ad... COlts/HiIC. Expanse. (Schedule H)
10. Debts/Hortgage liabilities/Lien. (Sch.dule I)
11. Total D.ductions
12. N.t Value of Tax Aaturn
13. Charitabla/Govern~.nt.l a.qu.sts; Non-.l.ct.d ql13 Trusts (Sch.dule J)
14. Nat Value of Estat. Subjact to Tax
If an assessment was issued previously, lines 14, 15 and/or 16, 17 and 18
reflect figures that include the total of Ahh returns assessed to date.
ASSESSMENT OF TAX:
15. Anount of Lin. 14 at Spou.al rat. (15)
16. A~ount of Lin. 14 taxabla at Lin..l/Cla.. A rat. Cl&)
17. Anount of lina 14 ta~abl. at Collataral/Class 8 r.t. (17)
18. Principal T.~ Du.
TAX CREDITS:
PAYNENT
DATE
NOTE:
RECEIPT
NUNBER
DISCOUNT I+!
INTEREST/PEN PAID (-!
19!
1I0!
12.883.00
L-
~*
'19-\'" It "'llf.",
MIL TON
C
.00
1111
1I21
1I31
1I4!
.00 X .00=
.00 X .06=
.00 X .15=
(18!
ANOUNT PAID
TOTAL TAX CREDIT
BALANCE OF TAX DUE
INTEREST AND PEN.
TOTAL DUE
DATE
ATTACHED
04-27-98
NOTICE
NOTE: To in.ur. proper
cr.dit to your account,
sub~it the uppar portion
of this for. Nith your
tax pay...nt.
298.101.00
1?RR3 nn
285,218.00
285.218.00
.00
will
.00
.00
.00
.00
.00
.00
.00
.00
. IF PAID AFTER DATE INDICATED. SEE REVERSE
FOR CALCULATION OF ADDITIONAL INTEREST.
IF TOTAL DUE IS LESS THAN $1. NO PAYNENT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A "CREDIT" fCR). YOU NAY BE DUE
A REFUND. SEE REVERSE SIDE OF THIS FDRN FOR INSTRUCTIONS. I
RESERVATION: [.t.t.. of dlcld~t. dying an or blfarl D.c.~.r 11, 198Z -- I' .ny 'utur. Int.r..t In th. ..t.tl I. tran.f.rr.d
In pa.....lan or .njay~.nt to ell.. 8 Icall.t.r.l) b.n.,lcllrll. of thl dlc.d.nt .'t.r the ..plr.tlon a' any ..tlt. 'or
II'. or far y..r., the Ca~.anw..lth h.r.by ..pr...ly r...rv.. the right to .ppr.I.. end I"." tren,'.r Inhlrltanc. T....
.t the lewful CI... 8 Icall.t.r.l) r.t. an any such future Int.r..t.
PURPOSE OF
NOTla:
To fulfill the r.qulr...nt. of Slctlan 21~0 of the Inh.rltlnc. .nd [statl T.. Act, Act ZI of 19~5. (72 P.S.
Slctlon'lftO).
PAVttENTI
D.tach the tap portion of thl. Natlcl and .ubalt with your p.y..nt to thl R.glst.r a' Wills prlntld an thl r.vlrs. ,Id..
--Hak. ch.ck or .0nlY order p.yabll to: REOISTER OF' If ILLS, AOENT
REFUND (CR):
A rlfund of . ta. crldlt, which WI' not r.qu..t.d an the ,.. R.turn, ..y b. r.qu..t.d by ca.pl.tlng an -Application
far Rafund of P.nnsylvanla Inhlrlt.nca Ind E.tat. T..- (REY-I]I]). Application. ar. Iv.ll.bl. .t the OffiCI
of the R.gl,t.r of Wills, any of thl Z] Rlv.nu. DI.trlct Dfflc.., or by Cllllng the ,p.cl.1 Z~.haur
an.w.rlng ..rvlcl nulblrs far fori' ard.rlng: In P.nnsylv.nl. J'8oo-16Z-ZoS0, out.tdl P.nn.ylvanl. and
within lacII H.rrl.burg ar.. (717) 787-80'4, 'DO' (717) 772-ZZSZ (H.lrlng lapalr.d Only).
OBJECTIONS: Any p.rty In Int.r..t not .atl.fl.d with the .ppr.I....nt, .llawanc. or dl..llawanc. of d.ductlan" or ."."Iant
of t.. (Including discount or Int.r..tl a. shawn an thl. Hatlcl lUst abj.ct within .I.ty (60) day. of r.cllpt of
this Nattce by:
--wrlttln prat..t to thl PA DIP.rt..nt of R.v.nu., Board of ApP..I', O.pt. Z8IoZI, H.rrl.burg, p, 171Z8-1021, OR
--.llctlon to hlv. the .att.r d.t.r.lnld .t audit of thl .ccaunt of the p.r.anal r.pr.s.nt.tlv., OR
--.PP..I to the Orphan.' Court.
'OftIN
ISTRATlYE
COAAf:CTIONS:
F.ctu.l Irrar. dl.cav.r.d an thl. ..s.....nt should b. .ddr....d In writing to: PA O.part..nt of RIV.nu.,
Bur.au of Indlvldu.1 T...., 'TTN: Po.t A.......nt R.vl.w Unit, O.pt. Z80601, H.rrl.burg, PA 171Z8-0601
Phon. (717) 787-6S05. S.. p.g. S of the baakllt -In.tructlan. far Inherltanc. T.. R.turn 'or a RI.ld.nt
O.c.dlnt- (REY-ISoI) far .n ..pl.n.tlan of .dllnl.tratlvlly corrlctabl. .rrar..
DISCOUNT:
If .ny tax due I. paid within thr.. (]) cal.ndar .anth. aft.r the d.cld.nt', d.lth, . flv. p.rc.nt (SX) discount of
the tax paid I. .llow.d.
PENALTY:
Th. ISX t.. aan..ty nan-participation p.nalty I. ca.put.d an th. total of the t.. and Int.r..t .......d, .nd nat
paid b.for. January 18, 1996, the flr.t day aft.r the end of the ta. aan..ty p.rlad. Thl. nan-partlclp.tlan
p.nalty I. app..labl. In the .... .ann.r and In the thl .... tl.. p.rlad a. you would app..l the t.. and Int.r..t
th.t h.. b..n .......d a. Indlcat.d an thl. natlc..
INTEREST:
Intlr.st I. charg.d b.glnnlng with flr.t d.y of dlllnqu.ncy, or nln. (9) .anth. and an. (1) day Ira. the dlt. 01
d..th, to the data of paY.lnt. Taxe. which beca.. d.llnqu.nt b.'orl January 1, 1'8Z b..r Intlr..t .t the rat. a'
.1. (6%) p.tc.nt p.r annua calculat.d .t . dally rat. of .000164. All t.... which beC..I dlllnqu.nt an and .ft.r
January I, 198Z will b.ar Int.r..t .t . rat. which will v.ry 'rat cal.nd.r y.ar to c.l.ndar y.ar with th.t rat.
announcld by the PA D.p.rt..nt of R.v.nu.. Th. appllcabll Int.r..t t.t.. far 198Z through 1998 ar.:
!!!! Int.r.st Rat. Dally Inhrnt Factor !!!! Inhr..t Aat. Dally Int.r..t F.ctar
I'az zax ,oOoSlo8 1981 OX .000Z47
1'81 16X .000418 I98S-I991 11% .00nOl
1984 llX .000101 199Z OX .000247
19I5 UX ,ooOlS6 1991-1994 n .00019Z
1'86 I'X .000Z14 1995-1998 OX .000247
--Int.r..t Is calcul.t.d .. fallow.:
INTEREST = BALANCE OF TAX UNPAID X NUnBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR
--Any Natlc. I..u.d aft.r the ta. bacae.. d.llnqu.nt will r.fl.ct an Int.r..t calcul.tlan to Ilft..n (IS) day.
blyond the d.t. of the ........nt. If plYI.nt I, .ade .ft.r the Int.r..t caaput.tlan d.t. ,hewn an the
Hatlc., additional Intlr..t lU.t b. cllcul.t.d.
MV.'t~O'It,..1#J
'1*
INHERITANCE TAX
EX PLANA TION
OF CHANGES
COMMONWEAL lIi OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
DEPT 280601
ItAllRlSBURO PA 17128-0601
DECEDENrS NAME
FilE NUMBER
2196-0521
101
MILTON C ITINGER
REVIEWED BY
ACN
J. Paul Dibert
SCHEDULE ITEM
NO.
EXPLANATION OF CHANGES
The portion of the estate under the Trust for which the estate choose not to elect to tax
in this estate Is shown on Line 13 of the Appraisement.
j''-
ROW
Page 1
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