HomeMy WebLinkAbout97-00082
PAVMENT I
O.t.ohthe top portion of thl1 Notlol and ~ub.lt wtth ~our ply..nt .Ide paylbll to the n... Ind Iddr...
printed on tM r.vI"" 1101.
If RESIDENT DECEDENT f11lke check or ..onlY order Plylble tal REGISTER OF WILLS, AQENT,
If NOH-RESIDENT DECEDENT IIl1k. chlt(lk or Ilon.~ ord.r paYable tal COMONWEAL TH OF PENNSVLVANIA.
REfUND (CRll . rafund of a tax oradJt, which Wit not r.quetted on tht Ta~ R.turn, "Y b. r.que.ted b~ oo~letlng an
"AppllClltlon for Refund pf Penn.yl\lenh. Inheritanc. and Ettate TI~" (REV~1313)' Applloatlon. ar. avallabl. .t
'tttli Office of tM R"htlr of Willi, any of the ~3 R....Mlu. Dhtrlot Offlo't or frol the n.pert.ant', Z4-hour
lIfuwerlno ..rvlca nullbe". fur for.. orderlnlll In PennllyJ.venla 1-800-362-2050, outl1d. PeM,Ylvante
and '~Hhln local Harrhburll area (717) 787-8094, TOOl (717) 77?--2252 (Hearing IlIpalred on1)).
REPLY TOI
Que.tlon. rlg.rdlne .rror. contained on thl. notlc. .hould b. addrel..d tOI PA Dlpartlent of Rev~1 Bur.au
of Il'\lJlvldYal Tax.., ATTNI Po.t A.......nt RGvt... Unit, Oept. 280601, Htlrrhburg, PA 171.28-0601, phone
(717) 767-6505.
DISCOUHT I
If any hl'l( due h paid within thr.e (3) callndar ItOnth. after the dlleldent'. d.ath, a fIve percent (5l0 dhaouot
of tM 18k p.id 11 ellowed.
PENALTVl
TM ISiC tal( un..ty non-part1cIpatIon penalty I. oo.ut.d 011 the total of thtl tak Bnd 1ntlr..t au....d, BOd not
PIlJd before January 18, 1996, the I1r.t day aft.r the end of the tak a.nelh periOd.
INTEREST I
Int.r..t 11 char.~ be,lnnlng with flr.t day of MlInquenoy, or nlnl (9) lonth. and ana (1) dRV frol the'dat. of
d.ath, to the data of pay..ent. hK81 whlClh tno... d.lInquent before Janul!lry 1, 1982 bur int.r'lIIt .t thtl rite of
.11( (6)0 percent P41r.1rintJII aalculat.d at a dally rat. of .000\64. All ta~.. which blt(lHe delinquent on and .ftor
Januery 1, 1982 wUl blar lnterut at a rate whIch wlll vary frol cellndar' yur to calender Ylar with that rat.
announced by the PA Depart.ent of R.venue. Th. appllaehle inter..t rat.. for 1982 through 1..8 ar'l
Vaa,. Int.r..t R,ta Dally Int.rut Factor Vear Inte".t Rate OaU)' Inttr..t FllrCtor
1982 tOX ,000548 1987 'X .000247
1'15 16X .000438 1'88-1991 lliC .000301
19M ItX .000301 1992 'X .000247
1.65 ISX .000356 1993"1"'\ n .00019t
1.16 10:( .0002'14 1995-1998 'X ,0002'\7
- - h,tereU I. oaloulat.d a. fellow'l
INTEREST . BALANCE or TAX UNPAID X NU"BER Dr DAYS DELINQUENT X DAILY INTEREST rACTOR
--Any Not1a. Inutd aft.r the tax beeo... dtIl1nqu'l'It will refl.ct an lnhrut calcuhtlon to flft.." (15) day.
b.yond the dete of the 1!l.....Nnt. If pavaent 11 eadtt aft.,. the tnt.rut cOllpUtat1on date .tlOWM on tM
HotlCll, Itddltlonal tnt.rut Ilust b. calculated.
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INHERITANCE TAX RETURN
RESIDENT DECEDENT
(TO BE FILED IN DUPLICATE
Wl'rH REGISTER OF WILLS
REV - HlOO EX I (nl;'-)
DECEDENT'S N"ME (L"~H. FIR~i, AN!) MIDDLE" INlTIAt.) DECEDENT':; cOMPLETE AOnRI:'t'l!j
Krld'-'!:..L_i'Ill1J......~"n_ __.___~___,~~_._.__ \818 Cllrrllll',o HOIHHl Drlvo
SOGIAlSECURITYNUMfu.:n DATEOf' DEAIH ~^T[orriIRIH Cmnp HIli I, I'A ] 7011
219-28-2348 ]O!]O!199fi 09!O~!1934
-.-- ------uJ::~~Blr\!t..-_w Cumborlnnd 'l~--. .--
(IF _"PPLlCABLt) SURVIVINCl SPOUSli'S NAME (l AST,FIHST "'NO MIDDLlINITIAI} ~,OCIAI SECUAITY NUMBER AJ..10UNl R(,:CEIVEO(SEE INSTRUCTIONS)
Krlder, Jane (;, 217-]1'-')/36 290,527.81.
X 1, Original Return ~ SUppI8~onl,11 ~w~- ---~-~~~'Rem&j~d(tr Return
4. Limjted Estato 041. Future 1'1lerest Compromise (fordatas otdeath prior to 12-13,.82)
(for datos ot death altar 12-12.8?') D 5. Federal Est...ltl Tllx Return Required
[]] 6. Decedent Died T"state []] 7. Docedan1 Maintained a Living Trust .1. 8. Totnl Number of Safe Deposit 80x8s
(Attach ccpy 01 ~!) (Attach a copy 01 Trustl
C P ~L~ORRESPO~.!l~CE AND C:ONFIDENTIAL TAX INFORMAT~N SHOUl,!?"BE DIRECTED TO:
R 2 NAME ]eOMPI Ell' MAILING ADDFIESS
~ 0 ~;~L. James l~, ._ ,Jamo~, Smith & Durkin
S ~ 'fElEPHONENLJMBER 13/~ Sipo Avonuo
T n'l 533.3280 Hummo1stown PA 17036
1, R.al Estate (Schadule AI 1 .__.._~one
2, Stocks and Bonds (Schedul. B) (2) None
3, Closely Held Stock/Partnership Intorast (Schodule cl (3) None
4. Mortgages and Notes Recoivable (Schedule 0) (4) None
5, Cash, Bank D.posits & Miscellanoous r.lSonal Property (Sch. EI (5) 1,101,00
6, Joinlly Ownod Property (Sch.dule FI (6) None
7, Transfors (Sch.dul. oj (Sch.dul. LI (7) .__~,lI,8, 06
8. Tolal Gross Assets (total Linos 1..'7)
9. Funeral E)(~enses, Administrative Costs, Miscellaneous
Expenses (Schedule H)
10. Deb\s, Mortgage Liabilitios, Liens (Schedulo I)
11. Total Deductions (total lines 9 8.. 10)
12, Net Value 01 Esta!e (Line 8 minus Une 11)
13, Charitable and Governmental Bequests (Schedule J)
14. N.t Valu. Subj.ct to Tax (lin~ 12 minus L1n. 131
15. Spousal Transfers (for dates or death after 6..30-94)
See Instructions for Applicable Percentage on page 2,
(lncludo values from Schedule K or Schedule M.)
16, Amount 01 Line 14 taxable at 6% rale
(Include values hom Schedule K or Schedllle M.l
17. Amount 01 Llno 14 taxable at 15% tate
(Include values from Schedule K or Schedule M.)
18. Principal tax dU<t (Add t11X from Line 15, 16 and 17.)
19.Credit!i/Sp Poverty Prior Payments Discount Interest
0, 00 .-.-2~?1...:.QQ.. . _~.....JO, 73 _____
20. II Line 19 is grellter than line 1B, enter the difference on Lina 20. This i!i the OVERPAYMENT,
m ~ ~Ck ho,;ifyou aro ,0qu..U'!i." rofund 01 your oYorpaym~
21. If Unu 18 is greater than Line 19. enter the differonce on Line 21 This is the TAX DUE.
A. Enter the Interest on the balanco due on line 21A,
B. Enter the total of Uno 21 and 21A on Line 218. This Is the BALANCE DUE.
Mako Chock P. ablalo: Ro lolor 01 Wills, Agonl_
~ ~ BE SURE TO ANSWER ALL QUESTIONS ON PAGE 2 AND TO RECHECK MATH ~ ..
unae;peMllllls 0/ P"trJmy, I df:ic!ar&lhat I havo iliiiiillned this ftlTUrn~!dlng accompanying sclieduiiirndiifiit~m;inls, and lei the bElst 01 my knowledge a~ belief, Ills rru;;---
COHllct and complete. I declaro thalllll real estalfl has been reported allrufl fnMkfll Vlllue. Declllrlltlon of ph'lparar othor lhlln tho personalleprllsentallve Is bllsed on allin/ormation 01
which prepater has any knowlodgo,
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FOR ()Alt~i Of [)tAlH An '-'" lml/!Jl CIU::CI( HU"1'
II' A ~f'OlJ!;^l J'-"-]
.egYUUIl'-[JllllJl!liLMMJ;l.L _ ___,,~__~_~~
FILE NUMBER
COUN1YCOnl;
n.19Yl.()08~
rEAH
NUMlH~~
(B)
284,249,06
(9)
14,79'1.58
(10)
3,100,84
17,898,42
266 , 350, ~~
(11)
(12)
(13)
(14)-
266, 35Q~ 6'.
(1&)
242 ,773 ,46 X Or. '
0,00
(IB)
1,414,63
23,577,18X.Q6'
(17)
0.00
X .15 '
(IB)
1,414.63
(19)
(20)
2 ,14 7 , '13 ,
733.10
(21)
(21A)
(21B)
0,00
0.00
0.00
SIGNAT!) E OF PERSON RESPONSIBLE FOH FILING RETURN
~~ f. ~~<-..
SI (,'E 0' PREPARE,R OT~ tt'.AN REPRtSENU,T1~E
()~ C .\'U-...-----
COpy".h'-(;) l~t;.{ only POy.t.m..I"
.Jano C, Kr 1 del'
3818, Carr lH8c Houso. Dr 1 ve
Ca~_U..l.L I'A 17011
James, Smith & Durkll1
1311 S i po Avenue
il;;mmelsto;;n; - PA~~it~i)6
DATE
7-c2o'? 7
DATE
-1 -'". C ""]
,,' l-l) -. r.
Fotm 1500 (Rev. 7-9~)
REV . 1510E)( . (2.87)
COM.~4\~,~p.r'NI'
SCHEDULE Q
TRANSFERS
Pl.... Print or T .
FILE NUMBER
21,1997,0082
ESTATE OF
-"n\lJ;..~.~r j de!:..........,~_~jL2!..9. 28~2.348__,J,.0/30L1996 ..-__
THIS SCHEDULE MUST BE COMPLETED AND FtLED IF THE ANSWER TO ANY OF THE QUEBTIONS ON PAGE Z IS YES,
ITEM
NUMBER
1
DESCRIPTION OF PAOPEATV
Includ. nlol"lle ollh.. Iflnl'.'.", thell
fel~ll\.lnlhlp 10 deelldltnl, dllfi oU!!!1.!.t!L.-____
63B shuros AMP IncorporuLod
common: hold In tho Paul R,
Kridor LIving TruHL datod
12/02/95
EXCLUSION
TOTAL VALUE
OF ASSET
21,811.63
DECO'S DOLI.AR VALUE OF
% INT DECEDENT INTEREST
100 , OOr. 21 , 8 JT:'f;'l-
2
371.527 Mutual SortOR Fund
. IRA account no.
074 - 3083219000
35,035,00 ~00,00r.
35,035.00
7 2,809,499 VanGuard Group -
IRA PA Insured Long-Term
13,969,92 ~00,00r. 13 ,969. n
5,861. 90 ~00,00r. .5 ,861. 90
62,163.95 00.00r. 62,163.95
31,309.97 ~00.00r. 31,309,97
31,185,44 ~00.00r. 31,185.44
163,620,50 50,00r. 81,810.25
3 Pennsylvania State Bank ..
IRA account no, 300-1209-0
4 572.451 VanGuard Group.
IRA VFISF-GNMA Portfolio
5 62,163,95 VanGuard Group.
IRA VMMR Prime Portfolio
6 3,057,614 VanGuard Group.
IRA VFISF-GNMA Portfolio
8 House & lot located at 3818
Carriage House Drive, Camp
Hill, Hampden Towns hip,
Cumberland County, PA, held
by the Paul R, Krider
Living Trust dated 12/2/95
and the Jane C, Krider
Living Trust dated 12/2/95
held as tenants In common.
- Value per Cumberland
County Tax assessment:
Assessed value $11,450
common level ratio Xl4.29
TOTAL (Also .nle, on IIn. 7, Recapllulalion)
Is 283,148.06
(If more space is needed, Insert additional sheets of same size.)
Copyright (el 1994 form 8ollw.re only CPSYflleml. In';
Form 1600 Schedule G (Rev. 2-87)
CO~~ONWEAL TH OF PENNSYLVANIA
INHERIT ANce Tt.)( RETURN
RESIDENT DF.C~DeNT
ESTATE OF Fllo Numbo.
PQul R. Krider SSIJ 219-28-231.8 10/30/1996 21-1997.0082
PART A: Enlor tho description and valu. 01 011 Int.'."5, bOlh laxobl. and non-I.,abl., r.g.rdl... of loc.tlon and n.t 01 doductlon.,
which ass to the d,cedont's surviving spouse. by will, Intestacy, operatIon of law, or otherwlDe,
Dlscrl tlon of Ilems
Schedule E - itom 1
Schedule G - items 1-8
MetLife Insursnce - life insurance policy no, 123215778
Monumental Life - lifo insllrance policy no, 1206269
Metropolitan Life - life insurance policy no,AAA-6541360
Prudential - life insurance polioy no. 21-601-666
Prudential - life insuranco policy no, 22-684-952
Travelers - life insurance policy no, 0325328
REV. 1M. EX. (8/95)
ItomW
1
2
3
4
5
6
7
8
SCHEDULE 0
TRANSFERS TO SURVIVING SPOUSE
Amounl
1,101.00
283,148.06
5,000.00
381.63
743,46
3,175,32
11,708.01
3,168.75
(Less achedule H & I deductions)
(17,898,1,2)
~olal: Enler tho tot.' hor. and in tho .pou..'. "Amount R.c.lv.d" block on Page 1 290 ,527 ,81
EllH:llon To- Subject Property To Tax Under Section 2113(A) As A Taxable Transfer By This Decedent.
"a trust or similar arrangement meets the requirement of Section 2113(A), cmd:
.. The trust or similar arrangernent Is listed on Schedule 0, and
b, The value 01 the trust or similar arrangemant Is entered in whole or part as an assel on Schedule 0,
then the transferor's ptHsonal representative may specifically ldl'mtify the trust (all or a fractlonal portIon or percentage) to be Included In the election
to have such trust or similar property treated as a taxable transfer In this estate, If less Ihan the entire value 0' Ihe trust or similar property is Included
as a taxable transfer on Schedule 0, the personal repres{lnla!lve shall be considered to have made the electlor. only as to a fraction of thelrust or
similar arrangement. The numeralor of Ihis fraclion is equal 10 Ihe amount of the trust or similar arrangement Included 8S a taxBble asset on Schedule 0,
The denominator Is equal to the total value of the trust or similar arrangement.
ELECTION:Do you .Ioct undo. S.ctlon 2113("') 10 I.oot.. a lax.bloIranlle. In thl. oolato an o. a portion 01 0 l.uII o. .Imno. o".ng.mont
c.o.tocl 10' tho '01. u.. ollhll docedont'l lu.vl.lng .pOUIO du.lng tho I",,'v'ng .pOUIO" .1111.0 11I.llm.?
-- /7 l..__p "
YES IKJ ~o 0 Slgnatu.. ( . C' /'y:eutf<./ Doto 7cJ r~ 9)
!loto: 11th. .Ioctlon 0 no. 10 mO'.lhan ono I.u.t o. .1 o. ..an .m.nl, th.n ... ...to co ~I Schedulo 0 mu.t be .Ign.d .nd Illod.
Part B: Enter Ihe description and valuo of aU Inlerests, taxable and non-tB)(abla, regardless of location and nIl of deductions,
which pass to the ~ecedonl's surviving spouse for which a Section 21 ~3(A) 'lllction is being made,
Item II Doscrl tion of Items Amount
1
Schedule G, items 1 & 8
103,621.88
(Les" Schedules H, item" H-A 1-2, H-B 2, H-C 1-2)
(Less Schedule I, items 1-2)
(13,696,58)
(3,100.84 )
Fort B Tolal (...In,'rucllon.)
86,824.116 .
Copyright (e) 1995 form lottwJlr$ only CPS)'ltlemR, Inc,
Form 1SUO Sch.dule 0 (R.v, 8-IS)
,
\..
Article One
Article Two
Article Three
Article Four
Article Five
Article Six
Article Seven
Article Eight
Article Nine
L
Article Ten
Article Eleven
Al1icle Twelve
Article Thirteen
Article Fourteen
Article Fifteen
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PAUL R. KRIDER LIVING TRUST
Table of Contents
Trust Creation ""'"""".""."",.., j , , . . " . , " 1-(
The Trust Estate , . , , , , , , , , , , , , , , , . , " , , . , , , , , , , '.' ' , " 2-(
Appointment of Trustees, , , , , , , , , , , , , , , , , : ' , " , ,; , , , , , ., 3-1
Trustor's Lifetime Rights. ,.",."""""..,.""",." 4-\
Trust Administration Upon My Death """'" , " , , , , , . . . " 5-1
Specific Distributions of Trust Property , . , , , , , , , , , , , , , , . , , " 6-1
Division into Survivor's Trusland Family Trust. . , , . , , . , , , . , , " 7-(
The Survivor's Trust. """""",."""" i, , , , , , , , " 8-1
The Family Trust ,,"," , , , . , , , , , , , . , , , , . , , , , .- , . , . , " 9.1
Common Pot Trust , , , , , , , , , . , , , , , , , , , , , , , .. , , , , , , , , ., 10-\
Division and Distribution of Trust Property,
Distribution If No Designated Beneficiaries,
". t..", ",.,.,. I
11-1
\2-1
13.(
14-\
1 5-1
"t".",.., I ""
Trustee Administration "..""""",.".""...',.",
Trustee Investment Powers, . , , , , , . , , , , , . , ',' , '" , ',,' , , . , , ,
General Provisions. , , , . , , , . , ; . , , ,', . , ',. , . . , , ; , .'. . .... , , ,
Section 5.
Change in Corporate T,'ustee
:L,.
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
reconveyance or transfer of trust properly.
Section 6.
Power to Divide or Combine Trusts
My 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 (nlst from which they
were created when my 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 tax or other objectives of the trusts and their
beneficiaries.
My Trustee shailnot 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.
L.
My Trustee in its discretion shail have the further power to combine two or more trusts having
substantiaily 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,
In deciding whether to combine trusts, my Trustee should consider the generation-skipping
"inclusion ratio" of the trusts to be combined, Trusts having the same inclusion ratios may be
combined, Trusts having different inclusion ratios should generally not be combined unlo::ss their
inclusion ratios are maintained unchanged through substantially separate and independent shares
of different beneficiaries within the meaning of I.R.C, Section 2654(b), and the applicable
regulations thereunder.
Specifically, my Trustee has the authority to allocate any portion of my exemptions under Internal
Revenue Code Section 2631(a) to property as to which I am the transferor, including any pl'Operty
transferred by me during my lifetime as to which I did not make an allocation prior to my death,
and my Trustee has the authority to make the special election under Internal Revenue Code
Section 2652(a)(3), If Internal Revenue Code Section 2631(0) or 2652(0)(3) is not interpreted
as to allow a Trustee to exercise such election, then my personal representatives is authorized to
ailoeate my exemptions and to exercise the said sp~cial election,
If my Trustee considers that any distribution frol11 a trust or share hereunder, (,ther than pursuant
to a power to withdraw or appoint, is a taxable distribution subject to the federal
generation-skipping transfer tax payable by the distributee, my Trustee may il1creas~ the
distribution by an amount which my Trustee would estimate to be sufficient to pay that tax, and
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13-2
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shall charge the same against the trust 01' sharc to which the tax relates,
If my Trustee considers that any terminution of an intcrest In the trust property hereunder Is a
taxable termination subject to the federal gcnerntion-skipping transfer tax, my Trustee may pay
that tax from the portion of the property to which the tax relates, without any adjustment of the
relative interests of the beneficiaries,
Section 7.
Termination of Small Trust
My Trustee shall have the power in its discretion to terminate any trust created under this trust
agreement whenever it becomes so small in relation to the costs of administration as to make
continuing administration uneconomical. Upon termination my Trustee shall distribute the
rrincipal and any accrued or undistributed net income to the income beneficiaries in proportion
to their shares of the income. If no fixed amount of income is payable to specific beneficiaries,
my Trustee shall distribute the principal and any accrued or undistributed net income in equal
shares 10 those beneficiaries who would then be entitled to income payments from the trust.
Section 8.
Limit on Trustee's Discretion
Notwithstanding any language purporting to confer absolute, sole or unrestricted discretion on my
Trustee in exercising any discretionary power with respect to this trust, my Trustee shall at all
times act in accordance with fiduciary principles and shall not act in bad faith or in disregard of
the purposes of my trust.
Nothwithstanding any other provision in this trust agreement, no individual Trustee who is also
a beneficiary hereunder shall have any right, power, duty or discretion concerning this trust if
such right. power, duty or discretion conferred upon such Trustee under this trust agreement is
determined to be a general power of appointment under Internal Revenue Code Section 2041 or
2514 which would cause any assets of this Trust to be included in the estate of such
Trustee-beneficillry, Any such right, power, duty or discretion with such effect shall be null and
void with respect to such Trustee-beneficiary, No Trustee who is under a legal obligation to any
beneficiary of this trust or other person shall under any circumstances partake in any decisions
relating to any discretionary distributions of income or principal of this trust which can be used
for any such legal obligation to any sueh beneficiary or other person,
Section 9.
Written Notice to Trustee
Until1l1Y Trustee receives written notice of any death or other event which triggers the right to
payments from any tnlst created under this agreement it shall incur no liability for distributions
made in good faith to persons whose interests may have been affected by such event.
13-3
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investments and reinvestments may include securitics such as common 01'
preferred stock, mol'tgages, notes, subordinated debentures and wnrrants 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 investment trusts, annuities and
insurance whether or not such investments are unsecured or of a wasting nature,
My Trustee shall have the power to obtain, by purchase 01' by gift (or by
conversion, reissue, consolidation or by any other means), and hold as an asset
of this trust, policies of insurance on my life or any other benel1ciary of this
trust. My Trustee is authNized and empowered to exercise, either before or
after my death, all of the rights, options, elections or privileges exercisable in
connection with such policies, These rights and options should include, but not
be limited to, disability benefits, the right to borrow money with which to pay
premiums (or other charges) on any policy owned by this trust (including any
automatic premium loan feature) or for any other trust purpose, the right to elect
among settlement options offered by the insurance company which issued such
policy, the right to convert such policy to paid-up insurallce, extended term
insurance or to any different form of insurance, and the right to arrange for the
automatic application of dividends in reduetion of premium payments (or other
charges), with regard to any policy of insurance held in the trust estate,
e, Dealing with I) roperty
l..,
My Trustee shall have the power to acquire, grant or dispose of property,
including puts, calls and options (including options on stock owned by the
estate), for cash or on credit including maintaining margin accounts with brokers
at public or private sale upon such terms and conditions as the fiduciary may
deem advisable and to manage, develop, improve, exchange, partition, change
the character of, abandon property 01' any interest therein or otherwise deal with
property,
Specifically, my Trustee shall have the power to use and expend the trust income
and principal to conduct environmental assessments, audits, and site monitoring
to determine compliance with any environmental law or regulation thereunder;
to take all appropriate remedial action to contain, clean up or remove any
environmental hazard including a spill, release, discharge or (:ontamination,
either on my Trustee's own accord or in response to an actual or threatened
violation of any environmental law or regulation thereunder; to institute legal
proceedings concerning environmental hazards or contest or settle any such legal
proceedings brought by any local, state or federal agency concerned with
environmental compliance, or by a private litigant; to comply with any local,
state or federal agency order or court order directing an assessment, abatement
or cleanup of any environmental ha7..ards; to employ agents, consultants and legal
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14-2