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No. om
Estate of _llr.v c:_GAIUn_~~._,
_. Deceased
DECREE 01<' I)ROIIATE AND <JRANT 01<' LETn:RS
AND NOW ___..,__,_,11\.~II~R_Y_10,__.__ 'm____.__ 19...9L, In consideration of the petition on
the reverse side hereof, satisfuctory proof having been presented before me,
IT IS DECREED that the Instrument(s) dateLflppt""'lv>r5.....l995.--,~-
described therein be admitted to probutc and flied of record as Ihe 11Ist will of..tluCV C. Garno
...__~._._._..~~_...__~_..,._~.~_u~_~.._~___~_._.~"._._-_.
and Letters TeBtament~ry ,______~__""_
are hereby granted to Filmlmd F" r.Anm ,.,.Jr .
'-
~'~~.
FEES
Probate. Letters, Etc. ",..".. $ ,,235,.00
Shl)f! Certiflc!'-tes(5 ) . , , . . . . , " $-15...Q.Q..
Renunciation ......"".,.... $
X-Pages $ 18.00
J C P -"""!1700
TOTAL _ $ ?B.OO
Flied...... .,)~~.U.~~Y. ,3,Q.. .l.m.,..",..
Andrew H. Dohan, Esauire (25702)
ATTORNEY (Sup, Ct. I.D, No)
49 East ~caster "Avenue. Frf!Zer,
ADDR ESS
(610) 647-3310
PHONE
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Mailed letters and order to attorney on 1.30-97.
I
direct
that
illlY t~xpr1llfleS
incurred
ill
safeguarding, insuring and distribut:l.ng my tangible personal property
be paid as an administrative expense.
ITE~l THIRD:
I give, devise and bequeath all of my oil, gas and
mineral rights in connection with various lands in Texas, to the Lucy
C. Garno Revocable Trust dated ,June 28, 1995, as the same may be
amended from time to time, to be added to and thereafter treated as a
part of the principal of said trust.
ITE~l FOURTH:
I give, devise and bequeath the residue of my
estate, both real and personal and wheresoever situated, to the Lucy C.
Garno Revocable Trust dated June 28, 1995, as the same may be amended
from time to time, and in accordance with Part C of Item Second of said
Revocable Trust. Said bequest shall be added to and thereafter treated
as a part of the principal of said trust.
I'l'EM FIFTH:
All estate, inheritance and other death taxes
(including interest and penalties thereon, if any) imposed because of
my death with respect to the property passing under my Will or
otherwise shall be paid from the residue of my estate as if such taxes
were my debts.
ITEM SIXTH: In addition to the powers above provided for, and
those given by law, any Executors and Trustees and their successors
shall have the following discretionary powers applicable to all real
and personal property held by them, effective without Court Order and
until actual distribution:
a) Retain as an investment any real and personal property
received hereunder, without any duty of diversification;
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b) Invest in all f.orms of propel:ty without restriction to
investments authorized for Executors and Trustees;
c) Keep reasonable amc>unts of cash in a bank uninvested, if
dllemed advisable for the protect ion of principal;
d) Purchase investments at premiums and charge premiums to
income and principal, or partly to each;
e) Subscribe for stocks, bonds, or other investments; exercise
any stock option or similar right; join in any plan of lease,
mortgage, merger, consolidation, reorganization, foreclosure,
or voting trust, and deposit securities thereunder; and
generally exercise all the rights of security holders of any
corporation;
f) Register securities in the name of a nominee in such manner
that title shall pass by delivery;
g) Vote / in person or by proxy, s€.curities held by it and in
such connection to delegate its discretionary powers;
h) Repair, alter, improve, or lease, for any period of time, any
property, and give options for leases;
i) Sell, at pubHc or private sale, for cash or credit, with or
without security, exchange, or partition property and give
options for sales or exchanges;
j) Bc;:>rrow money from any person/ including any Fiduciary, a.nd
mortgage or pledge any property;
k) Compromise claims;
1) Pay premiums on any life insurance, annuity, or endowment
policies which may have been retained or purchased herein and
exercise any right, option, or privilege thereunder;
10) Make distribution in cash or in kind, or partly in each;
n) Claim any expenses out of administration of my estate as
income or estate tax deductions and no compensating
adjustments between income and principal are to be made or
required as a result of such action, and to make any other
estate, gift, or income tax election, including, but not
limited to, distributions of high or low basis property
without consideration of the income tax consequences to the
distributees i
0) Apply income or principal to which any beneficiary is
entitled directly for his or her health, maintenance and
support should my Fiduciary deem such beneficiary incapable
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of receiving the same by reason of age, ,illness, or any
infirmity or incapacity, or to pay the same to such person as
it selects to disburse it, whoBf'J receipt shall bea complete
ac~uittance therefor, without the intervention of any
guardian;
p) Disclaim any interest which I might have in any estate or
Trust provided said disclaimer shall be effective under
Sections 2518 and/or 2045 of the Internal Revenue Code
of 1986, as amended, or any successor provision thereto of
similar purport;
q) Engage agents, custodians and investment advisors, and pay
reasonable fef'Js therefor;
r) With respect to any business interest, including real estate
joint ventures, or closely held stock that I may own at my
death; to delegate authority to any director, manager,
partner, or employee, and to pay from the income of any
business adequate compensation to any such person even though
he may be in the employ of any Executor or Trustee hereunder;
s} Make additional investments in any business in which any
Executor or 'rrustee hereunder may have an interest;
t}
Execute and deliver all instruments in
appropriate for the exercise of any of
herein and to do all other acts and
appropriate in the management,
distribution of my estate;
writing necessary or
the powers specified
things necessary or
administration and
u) Merge and consolidate trusts or trust shares for which the
trust provisions and benef iciaries are identical even if the
generation skipping transfer tax inclusion ratios are not
identical.
ITEM SEVENTH: No interest of any beneficiary under this Will or
any Codicil thereto shall be subject to anticipation, or voluntary or
involuntary alienation.
ITEM EIGHTH: I appoint my son, EDMUND F. GARNO, JR., as Executor
under this will. In the event that my son is unable or unwilling to so
serve, I appoint my grandchildren, EDMUND F. GARNO, III, and ELIZABETH
FOGARTY GARNO, and my daughter-in-law, PATRICIA A. GARNO, or the
survivor(s) of them, as Co-Executors hereunder.
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CERTIFIC,I\TION OF NQTICE UNDER RULE 5.61 a l
Name of Decedent I Lucy G. Garno
Date of Deathl 12(30(96
Will No. 2197~0088 Admin. No.
To the Registen
I certify that notice of beneficial interest required by
Rule 5.61 a) of the Orphans' Court 'Rules was served on or mailed to
the following beneficiaries of the above-captioned estate on
2/18/97
Name
Address
Edmund F._Garno. Jr. 915 Stoney Lane. Gladwyne. PA 19035
Edmund F. Garno, III, 909 Weldon Lane, Bryn Mawr, PA 19010
Elizabeth F. Gar~04 E. 65th Street, Apt. 33-A. New York. NI--l0021
Notice has now been given to all persons entitled thereto under
Rule 5.6(a) except NnnA
Date: Fehrllary 18, 1997
A -.-
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S l) ture
Name AndrAw H. nnhan, F,"q"irp
Address 4q 1<: T.an",,,,tpr A\1pnllP
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Ma1vprn, PA 1q,))
Telephone.l1ll.U. 647-3310
Capac i ty I X
Personal Representative
Counsel for personal
representative
;1,..:+-11'" i'hL)~ t
COMM""""E~lHH)f"NNmVANIA INHERITANCE TAX RETURN
DEP~RT"ENT or REVENUE RESIDENT DECEDENT
DEPT....., (TO BE FilED IN DUPLICATE
.""~,~R"~I.!!Y.~J!c~t-"tn'~."'!'>J..c,,' I WITH REGISTER OF WillS)
DEC~DENl'8 NAlAE (LII8T, f-IAGT ANn MIOOL€: INIlIAl)
_. c>"RNO,LUCYCu
8OCtN.. aeOURITVNUMbEA I "".TE O. I' OfATH
._J:r!:-ge..-e414_ .... . .12130/96
llF AJlPlIOAflUlj 8UfMVlNG &POUlIE'8 N.\MIil (lAOT, FIABl AND MIOt>U, I~TlAl)
______._ _..._NL~......
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FILE NUMBER
, ~ '7 - Y
....1 I
DAn Of lllf11H
3/25/00
8OCI~, S!.:GUHHV NlIMBHt
..N/A
21 '-97-006e
COUNTYCOlJE . VEARu NUMBER
OfOfDfNI'& OOMPtf.TE "DonE"'S
Country Meadows, 41lO5 E, Trlndla Rd,
M~ohanlc.burg, PA 17055
"oun', Cumbarland
I ~~~u~n RECE~[-O' (sEE INSTRUCTIONS).
I I 3, Romalnd.. Rol\.rn
(lor dote. 01 doell1 prior to 12 -13 - 821
[J 4, UmlUod E.tat. l.xJ 40, Futurllnterl.t ComplOlnl.. I x J 5, Fedorll E.tale Ta.
(lor dotll 01 doell1a".. 12-12-82) Roturn Roquhd
00 8, Dacadant Diad rlltat. Ix] 7, Dooadtnt Maintained aUulnll T,uot 0 8, Tatal Number 01 Sala Dopol~ 80...
_.____~ _. (Attaoh_~~llL___.____._i~'!"ch!:.~I'l'."I.r.uot) _....... ._..,...._._______....,___.__.__..._
All, CORRESPONDENC!! AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
NAME - ------.---~.OMPliTE MAILiNG AD-DRess
._~DA~W fLDOHA.~_ES9LJI!'IE _ _. 49 E, L~ncaQtar Avenue
TELEPHONE NUMBER Malvem, PA 19355
~~~1.Pill2.:.?.!lOO~~.=~~==.~~"~,..~".. ~.=.~... .. ~. - -_.:...~~."""~~,=~~~,..
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lKI 1. OrIgI",,1 Roturn
II 2, Supplomlntal Roturn
- .-----..-----------.---.---.--.--.
15, Spauoal T,....f... (101 dote of doom a".. 6-30-94)
Sea I""~uctlo",, lor Applicable Perc.ntag. on Rov....
Sid., (Include valuo. ~om Sch, K or Sch, M,)
16, Amount of line 14 taxable at 6% ,ot.
(Includ. val..... ~om Schedull K or Schedul. M)
17, Amounl of line 14 taxable ot 15%,a:e
(Includ. value. ~om Schedule K or Sched,," M)
18, Principal tox d... (Add tax tom 11",,15 and II.... 16,)
19, Credits Prior Poym.ntI DI.count Int....t
'.&,00000 + $2,308."2 - 0
20, II. line 18 I. 1I'..i<<ihllnii". 17, .ntlr thot'ciinerlrlcil on lIno'Ig;-Thl.la tl-4 OVERPAYMINr,
__~=~_._ JlliMiI~l!"'....~1D'Ilmlgfl"Ultn.I..a.IIII'fm1I'il..tel'I..lv;~llm.mlilll
21. II. line 1710 lI'..ter thon line 18,.nter the dlner""'" on line 20, Thl.I.1ho TAX DUE, (21)...._......~.~~3,35
A, Ent.. thelnt....t an the balonc. due on line 20A, (2 I A)
e, Ent.. the 10101 01 line 20 ond 2M on line 20B, Tnl. 18 the BALANCE DUE (21 B):~..::::~~=$4~~I-ii[
______.__~k~. Ct1a<:lc.pay~I>I._~o:. f:laglot~o..t\Vnl..L"g~Ill.. . __. ...._._'u.___u._______.____
__.,.J!.E SUR!'.'!Q.~J!VlI~~_LL 9.U.E!lllQ.N!l_()~!lE\lERll~ .ll1[)E AN[)!().~QI:!ECK.~"TIL_~_ ________..__
I. Real E.tale (Schedul. A)
2, Stod<. and Bonda (Schedule B)
3, CIa..1y Held Stoc:l</Por_.hlp Int....t
(Schedule C)
4, Mortgagao ond Not.. Rooalvable
(Schedule D)
5, c..h, Bank D,po81to & Mloo.llanoo'lI
PerIO!1OI Proporty (Schedulo E)
6, Jointly Owned Property (Schedui<> F)
7, T.....f... (Schedule G) (Schedule\.)
8, Tolol Grou AoM18 (total linea 1-7)
9, Funeral Expo"..a. Admlnla~oijv. Co.lo,
Mleo, Expo..... (Schedul. H)
10, Oabto, Mortgage Llabllltla., U....
(Schedule I)
1 1, Total Oeducijono (total linea 9 & 10)
12, N<tt Val... of Ealatl (IIno 8 mlnuo line 11)
13, Charltable.nd Governmental Boque.to (Sched,," J)
14, Net Val... Subjactto Tax (line 12 minus line 13)
(I) $(1,01)
(2) $1118,875,34
(3) ._.,,:::,-,,::'_~~QCi
(4) ___.___._$Cl,00
(5)
(8)
(I)
(9)
(10)
$8,099,58
fD,QO
57011,091.118
(8) ___$~oee.M.
$28,204,28
$4,4118,711
(11) $32,7001,01
(12) $871,382,87
(13) fD.oo'
(14) $871 ,~,87_
(15)
(18)
x 0,0=
)( ,06 1:1
$0,00
==- ~g,281,77.
$871,382,87
(17) ..___.__,!Q,oo
_.._..__....__. $0,00
K ,11:5.
(I 8)__.___$52,2~1.77..
(19).u.._...~rc~~~
(20)___.u,___.__~00.
Undlr ptnlltiM ol pllJurv. I 0.01"1 Ih.t I hn'lIt,mlned till. f"Uln, Including Iccomplnylllll.onld<Jl.. Ind .blem.n.. Ilnd 10 lh, ~I 01 mv knowl'd", Ind bll'-l,
1111 !lVI, ooff~l IInd oomp'-'-. I ~I'f' !hlt.U fHI...... h.. bMn ,.porled all/WI m.rklll vllul_ Oeolpr.Uon of pr'plf.' olhtr thin Ih, pln,on.1 flp,",nlaUVllt
hind on ,II ~m.lionol whlo~_p"pa'.r_ h, ~nvlm_owl'd~, ... __..m~".""_'_'__ ..._____.,~_.____..._____ -.
S~N~PE~~ AES~.. IB~ ;tFIUNGRETU~ :~::;::~ne.~ladwyne~A .lWJ3:~T~ .__
~KlNf1DREOF~EP~REt~~AtE~AESENTATIVE . ADDRESS DATE
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49 eaat ~nca.I" ,~.Vlnuo, MoI',..n, PA .19355
STATE OF PENNSYLVANIA
COUNTY or CmfBl\llLAND
5S
I, _
Edmund F, Garno, Jr..
, PERSONAL REPRESENTATIVE
OFllIE ESTATE OF
Lucy C. Garno
. DECEASED VERIFY THAT
THE STATEMENTS MADE IN THIS INVENTORY AND APPRAISEMENT ARE TRUE AND CORRECT,
1 UNDERSTAND THAT FALSE STATEMENTS HEREIN ARE MADE SUBJECT
TO THE PENALTIES OF 18 PA C. S. SECTION 4904, RELATING TO UNSWORN
FALSIFICATION TO AUllIORITIES,
~A~tM
915 Stony Lane .
G1adwyne, PA 19035
slgnature(s) & address of personal repr~sentalive
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l,ucy C Garno
12/30/96
Estate Valuation
724-00936-12-527
Mrs. Lucy C. Garno
POSITIONS
Quantity
600.00
1,000.00
200.00
2,503.48
67,713.14
Description
PECO Energy Cap
Samaonite Corp
Sara I,ee corp
SB Govt Securities
SB Money Market Fund
High
26.00
37.50
38.63
9.41
1. 00
Low Average Amount
"
25.88 25.94 $15,562.50
36.00 36.75 $36,750.00
. 38.13 38.38 $7,675.00
9.41 9.41 $23,557.75
1.00 1. 00 $67,713.14
Total $151,258.39
ACCRUED DIVIDENDS
Quantity Descript10n Ex Date pay Date Rate Amount
67,713.14 SB Money Market Fund $126.95
600.00 PECO Energy CAP LP 12/26/96 12/31/96 0.19 $112.50
200.00 Sara Lee Corp 11/26/96 01/02/97 0.21 $42.00
Total $281. 45
THE II~FORMA TlON HEr.ml HAsem,1
O.BT AI~IED FROM SOURf.F.S Vi,' BELIEVE
TO OERE~IAOLE, BUT DO NOT GUARANTE<
ITS ACCURACY OR COMPLETENESs, .
Lucy C Garno
12/30/96
Estate Valuation
724-19875-15-527
Lucy C. Garno Revocable Trust
POSITIONS
Quantity Descriptlon High Low Average Amount
550.00 American Express 58.38 56.63 57.50 $31,625.00
500.00 Anheuser-Busch Co 41.75 41. 00 41. 38 $20,687.50
1,000.00 Astra AB 49.13 48.13 48.63 $48,625.00
1,950.00 Cambridge Tech pa 34.00 32.13 33.06 $64,471. 88
500.00 Core states Financial 54.00 53.13 53.56 $26,781.25
450.00 DPL Ine 24.50 24.25 24.38 $10,968.75
400.00 Walt Disney Holdings 71.63 69.88 70.75 $28,300.00
10.00 Earthgrains Company 51.63 51.13 51. 38 $513.75
600.00 GTE Corp 26.75 26.50 26.63 $15,975.00
400.00 Integrated Systems 13.75 12.75 13.25 $5,300.00
800.00 Johnson & Johnson 51. 75 50.50 51.13 $40,900.00
2,500.00 K Mart Corp 10.75 10.38 10.56 $26,406.25
800.00 Mobil Corp 124.88 123.25 124.06 $99,250.00
400.00 Philip Morris Co 116.25 114.00 115.13 $46,050.00
4,800.00 Safeguard Scientific 36.63 29.63 33.13 $159,000.00
480.00 Sanchez Computer 7.88 7.50 7.69 $3,690.00
400.00 Scana Corp 26.88 26.25 26.56 $10,625.00
800.00 USDATA Corp 6.50 5.75 6.13 $4,900.00
25,000.00 GNMA 12.50% 5/15/10 1,040.13 1,040.13 1,040.13 $833.40
13,000.00 New England Tel 6.375% 967.50 932.50 950.00 $12,350.00
26,860.49 SB Money Market Fund 1. 00 1. 00 1. 00 $26,860.49
Total $684,113.27
ACCRUED DIVIDENDS
Quantity Description Ex Date Pay Date Rate Amount
26,860.49 SB Money Market Fund $49.38
500.00 Corestates Financial 12/05/96 01/02/97 0.47 $235.00
600.00 GTE 9.25% Ser A Pref 12/26/96 12/31/96 0.19 $115.62
400.00 Philip Morris Cos 12/12/96 01/10/97 1. 20 $480.00
400.00 Scana Corp 12/06/96 01/02/97 0.37 $147.00
Total $1,027.00
ACCRUED INTEREST
Quantity Description
25,000.00 GNMA 12.50% due 05/15/10
13,000.00 New England Tel 6.375% due 09/01/08
Rate
Amount
12.50%
6.38%
$8.0'1
$273.95
$282.02
Total
TIlt INfORMATION 11[1;[11'1 HAS BErN
CiO'll\!t<! I) H~O',,~ SOU:,;C,i:(1 \\1. ",['ll~\ir
'Ie Lr f~lL:^IJlI:; ::iJJ [10 f';;,': C~;/,'i.',,":'j::l
n:; )\(,.:l)i\/\'"y ,'.( I. \. 1<.\: : i' ":~:
fuclitt ~~Hll ,.utO illl~i\hHt\ent
O~'
I"UCY C. GARNO
I, LUCY C. GARNO, of Cumberland County, pennsylvania, do make,
publiah and declare this as my Will, hereby revoking and declaring null
and void any Wills and Codicils by me at any time heretofore made.
ITEM FIRST: I direct that all my just'. debts (other than
mortgage loans secured by real estate or the assignment or pledge of
life insurance policies) and funeral expenses shall be paid from my
general estate as a part of the cost of administration as soon after my
decease as practicable.
ITEM SECOND: I give and bequeath to my son, EDMUND F. GARNO,
JR., all of my clothing, jewelry, pictures, books, furniture,
furnishings, household goods and other tangible personal property,
including any automobiles, together with all policies of insurance
thereon, providing he is living at the expiration of thirty (30) days
after my death. If my said son does not so survive me, I give such
property to such of my grandchildren, EDMUND F. GARNO, I II, and
ELIZlIBETH FOGARTY GARNO, as shall be living at the time of my death to
be divided among them as they may agree; and in the event that no
agreement is reached, the same shall be sold and distributed as a
portion of the residue of my estate.
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dut~ll\(1d ddvill,t1l\f.' lill II\(' prot_Pl~t:ielll cd pl.illl~jl'rlli
d) Purchallo invunLlllollln aL IH0l111 tlllln and chiu''],' 1'J:t.,miul11lJ to
inCOI11B and princlpal, or partly to each;
0) Subscribe for ntocko, bonds, or other inveotments; exercise
any stock option or B~nilar ri']ht; join in any plan of lease,
mortgage, merger, consolidation, roortjanizat.lon, foreclosure,
or voting trust, and deposit: fJGcudties thereunder; and
generally exercise all the rights of security holders of any
oorporation;
f) Register securities in the name of a nominee in such manner
that title shall pass by delivery;
g) Vote, in person or by proxy, securities held by it and in
such connection to delegate its discretionary powers;
h) Repair, alter, improve, or lease, for any period of time, any
property, and give options for leases;
i) Sell, at public or private sale, for cash or credit, with or
without security, exchange, or partition property and give
options for sales or exchanges;
j) Borrow money from any person, including any Fiduciary, and
mortgage or pledge any property;
k) Compromise claims;
1) Pay premiums on any life insurance, annuity, or endowment
policies which may have been retained or purchased herein and
exercise any l-ight, option, or privilege thereunder;
m) Make distribution in cash or in kind, or partly in each;
n) Claim any expenses out of administration of my estate as
income or estate tax' deductions and no compensating
adjustments between income and pri.ncipal are to be made or
required as a result of such action, and to make any other
estate, gift, or income tax election, including, but not
limited to, distributions of high or low basis property
without consideration of the income tax consequences to the
distributees;
0) Apply income or principal to which any beneficiary is
entitled directly for his or her health, maintenance and
support should my Fiduciary deem such beneficiary incapable
3
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of )'(!c!n i V JIl~J Lh'~ Hellll" hy J't~d::(jfl 01 aqc, i 11 nrnlH, OJ' <lilY
illf!nni.l.y ()l' iIlC'I)"l':!!'I, "" 10 pay tll" flallH' to Buch IH'l'ill.JIl ,1[1
it:. solectll to dillbunlP ii, wilon" rec(dpt fJilalJ be a compJ,'I.,.
a,Jquitt.ance tilol'"for, witilout tile illtnl'ventioll of' .lilY
guardian;
p) Disclaim any interest which I might hav(~ in any estate or
Trust provided said di!lclaimer shall be effective under
sections 2518 and/or 2045 of the Internal Revenue Codtl
of 1986, as amended, or any successor provision theret9 of
sim:llar purport i
q) Engage agents, custodians and investment advisors, and pay
reasonable fees therefor;
1') With respect to any business interest, including real estate
joint ventures, or closely held stock that I may own at my
death; to delegate authority to any director, manager,
partner, or employee, and to pay from the income of any
business adequate compensation to any such person even though
he may be in the employ of any Executor or Trustee hereunder i
s) Make additional investments in any business in which any
Executor or Trustee hereunder may have an interest;
Execute and deliver all instruments in
appropriate for the exercise of any of
herein and to do all other acts and
appropriate in the management,
distribution of my estate;
u) Merge and consolidate trusts or trust shares for which the
trust provisions and beneficiaries are identical even if the
generation skipping transfer tax inclusion ratios are not
identical,
writing necessary or
the powers specH ied
things necessary or
administration and
t)
ITEM SEVENTH: No interest of any beneficiary under this will or
any Codicil thereto shall be subject to anticipation, or voluntary or
involuntary alienation.
ITEM EIGHTH: I appoint my son, EDMUND F. GARNO, JR., as Executor
under this will, In the event that my son is unable or unwilling to so
serve, I appoint my grandchildren, EDMUND F. GARNO, III, and ELIZABETH
FOGARTY GARNO, and my daughter-in-law, PATRICIA A. GARNO, or the
survivor{s) of them, as Co..Executors hereunder.
4
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whoRe llllmeR are gigned to tllo dttachnd Ol" [orogoing Irwtl,"UInOlll:, bej n~l
W,., lh., "11111'1'111(11",,1, t1,I' 'J"'IlI.<Illix ,,,") wiIIlO"I.1'''', l'OIlPl.1ctivo]y,
first duly sworn, do hereby declare to the Undel'gigned iluthOrity thac
the Testatrix sign')d and executed the instnllnent as h(H' [,aBt Will and
that she had signed willingly (or willingly directed another to sign
for her), and that she executed it as her free ilnd voluntary ilct for
the purpOses therein expressed, and that each of the Witnesses, in the
presence and hearing of the Testatrix, signed the Will as witness and
that to the best of Our knowledge, the Testatrix was, at that time,
eighteen (18) years of age or older, of sound mind and under no
constraint or undue influence.
~ l.A- ~~) aJv,,'-.:.D
Testatr~ \
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~tness .
Subscribed, sworn to and acknowledged before me by LUCY c,
GARNO, the Testatrix, and subscribed and sworn to before me by
~ 7)J---.a..,c..... and (-=\-\'\\ll;C~ \~--:~_.\':::,o~~,
('~ p
witnesses, this 5ffl:-->day of ~ ;}(~~, 1995,
'- el :>llJ1k' c~:~~'--'>-.~_, ~Y4Q
Notary Public
(SEAL)
NOT AIlIAL SEAL 1
ANDREA DINSMORE MEALS, NOlory Public
Frazor, ChaSlor County
-MY CommrSS10fl_li$Ir09 ApJ:ir 27,1908 _
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/II-l."v - (?'/I I
~BLE TRlJJl:K
NOW, this ~ ~ day of <:) I~"'_ , 1995, I, Lucy
C. Garno ("Settlor"), of Camp 1ffl\J\'.pennsylvan'Ta;' by this Indenture
with my Trustee (as hereinafter designated) I have transferred to
said Trustee the property described in the Schedule hereto
attached, which Trustee shall hold together with such additional
property as may be given, transferred or bequeathed hereto by me or
any other person, upon the terms of Trust hereinafter set forth.
FIRST:
lifetime:
DISPQS.lTIY.E PROVISIONS FOR MY BENEFIT.
During my
A. All of the net income shall be paid to me in monthly or
other convenient installments as I may request in writing from time
to time.
B. As much of the principal as I may, from time to time,
request in writing shall be paid to me or to such recipients as I
shall direct.
C. As much of the income and/or principal as my Trustee may
deem proper for my welfare, recreation, comfort and support shall
be paid to or applied directly for my benefit in the event that I
shall become disabled or incapacitated.
SECOND: DISPOSITIVE PROVISIONS AFTER MY DEATH.
A. After my death, the then remaining Trust corpus shall be
held in trust by my Trustee and during the lifetime of my son,
Edmund F. Garno, Jr.:
1. All of the current net income shall be paid to my
said son in quarterly or other convenient installments.
2. For any trust share having a generation skipping
transfer tax inclusion ratio of zero, as much of the principal of
this Trust as an independent Trustee may, from time to time, deem
proper for the health, maintenance, support, education, assistance
in business, or assistance in purchasing a home, of said child or
any of said child's issue may be paid to such child or issue or
applied directly for his or her benefit,
3. For any trust share having a generation skipping
transfer tax inclusion ratio of more than zero, as much of the
principal of this Trust as an independent Trustee may, from time to
time, deem proper for such child's health, maintenance, support, or
education, may be paid to such child or applied directly for his
benefit.
L. t, G
B. Upon the death of my fJa.id Bon, the then roma.in.ing truet
corpus shall be distr.ibuted as follows:
1. Any separate trust held
generation skipping transfer tax inclusion
distributed by Trustee as follows:
hereunder having a
ratio of zero shall be
(i) 'ro or in trust for such one or more of a gr'oup
composed of my son's issue and in such proportions as such
beneficiary may appoint by a Will containing a specific reference
to the limited power of appointment hereby created; or in default
of appointment or insofar as it is ineffectual; then
(iil The same shall be divided on a per stirpes
basis into separate shares for the then living issue of my said
son, and thereafter each such share shall be held in further trust
for said issue, per stirpes, in accordance with all of the terms
and provisions of Part A and Part B of this Article Second as if
said issue's name were substituted for said son's name each place
it appears therein.
2. The corpus of any separate trust being held
hereunder which has a generation skipping transfer tax inclusion
ratio other than zero shall be distributed by Trustee as follows:
(i) Any independent Trustee shall have the ability
to grant, at any time, any issue (to the extent the exercise would
not be a taxable distribution) of Settlor a general testamentary
power of appointment so that the Trust property would be subject to
Federal estate tax in such issue's estate rather than be subject to
the generation skipping transfer tax as a taxable termination. In
the event that such Trustee grants such a power, then such issue
may exercise such power' by a Will containing a specific reference
to the general power of appointment grant.ed by the Trustee and
appoint. to any recipient permitted by the Trustee. In addition,
any such independent Trustee shall have the power to eliminate and
revoke any such power so granted for all or any part of such
principal as to which such power was previously created and in
addition said Trustee shall have the power irrevocably to release
the right to create or eliminate such power as aforesaid.
It is anticipated that such Trustee will
exercise this power if it believes that any generadon skipping
transfer tax payable upon a benefic,j,ar:y's death would exceed the
Federal and State death tax payable in Heu thereof if the power
was not granted. Settlor's independent Trustee shall not be liable
for any exercise or failure to exercise t.his power provided such
Trust.ee considers in good faith the advisability of its exercise
when requested to do so by the beneficiary for whom the Trust is
held, his or her guardian, or member of his or her family.
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C. C"5
Notwithstanding the provisions of the foregoing
paragraphs of this paragraph 2, any testamentary general power. of
appointment granted by the Trust.ee under the pr.ovisions of t.his
paragraph 2 shall be granted as a formula so that it extends only
over the amount of property, if any, in the Trust involved that,
when included in the estate of the donee by virtue of the power of
appointment granted, will result in the maximum reduction in the
sum of generation skipping transfer taxes and estate, legacy,
succeasion, and inheritance taxes imposed by reason of the death of
such lineal descendent with respect to the property subject to such
power, [after taking into account the estate, legacy, succession
and inheritance taxes, if any, caused by the exercise, if any, of
any special testamentary power of appointment granted in any other
provision of this Trust Agreement] when compared to the sum of the
generation skipping transfer tax and estate, legacy, succession and
inheritance taxes imposed by reason of the death of such lineal
descendent with respect to such property if no testamentary power
of appointment were created pursuant to this paragraph 2.
(ii) To or ~n trust for such one or more of a group
composed of such beneficiary's spouse and descendants and in such
proportions as such beneficiary may appoint by will containing a
specific reference to the limited power of appointment hereby
created; or in default of appointment or insofar as it is
ineffectual; then,
(iii) In the same manner as set forth in paragraph
l(ii) of this Part B.
C. Settlor directs Trustee to divide any trust established
hereunder into two separate trusts to be known as Trust 1 and Trust
o with each such Trust 1 and Trust 0 being subject to all of the
provisions of this Revocable Trust. It is Settlor's intent that
Trustee exercise this authority in order to place property in Trust
1 which has a generation skipping transfer tax inclusion ratio of
one, and to place assets in Trust 0 having a generation skipping
transfer tax inclusion ratio of zero. Thereafter, to the extent
that trust shares are merged, or subsequent additions are made to
trust shares, then only trust shares which have a generation
skipping transfer tax inclusion ratio of zero shall be merged with
other trust shares having a generation skipping transfer tax
inclusion ratio of zero; only trust shares having a generation
skipping transfer tax inclusion ratio of one shall be merged with
trust shares having a generation skipping transfer tax inclusion
ratio of one; and similarly, additions shall be made to a trust
share having a generation skipping transfer tax inclusion ratio of
zero only to the extent that such additions shall not change the
inclusion ratio of such trust share; and all other additions shall
be made to the trust shares having a generation skipping transfer
tax inclusion ratio of one.
3
LeO
D. It if! SetL 1.01:' fJ requoHL anel d1 l'"cLion LhaL tlw 'l'ruBtee
attempt to minimize any generation ukipping Lranflfnr taxes. Except
as may be specifically provided to the contrary in this Trust,
Settlor hereby authorizes the independent Trustee, in his sole and
absolute discretion, to pay any iE:sue' fl bequest or distribution
under this Trust (whether the same llhall be distributed outright or
in the further trust) in whole or in part from any separate trust
having a generation akipping tranafer tax inclusion ratio of .zero
or in whole or in part from any aeparate truat having a generation
skipping transfer tax incl11sion ratio of one. All generation
skipping transfer tax taxable terminations and direct skips shall
be deemed to be tax inclusive.
E. Notwithstanding anything herein to the contrary, upon the
expiration of the period allowed by the common law rule against
perpetuities as measured by actual rather than possible events, any
interest not then vested and any interest in members of a class the
membership of which is then subj ect to increase shall be void and
such interest shall be distributed to my issue, per stirpes. In
addition, no limited power of appointment may be exercised in a
mannar that would cause a constructive addition to the Trust for
generation skipping transfer tax purposes pursuant to regulation
section 26.2601-1(b) (1) (v) (B) or any successor provisions of
similar purport.
IHIRD: MINORI'l'Y AND DISABILITY PROVISION. Unless otherwise
provided for herein, any income or principal payable to any
beneficiary who may be a minor shall be held in a separate Trust by
Trustee during such minority or disability, unless the Trust share
is sooner terminated as otherwise provided herein; said income may
be accumulated and income and principal may be expended for the
maintenance, education and support of such beneficiary as an
independent Trustee, in his sole discretion, may determine; Trustee
in the expenditure of income or principal for such purposes, may,
at his discretion, apply the same directly without the intervention
of a guardian or pay the same to any person having the care or
control of said beneficiary or with whom the beneficiary resides,
without duty on the part of Trustee to supervise or inquire into
the application of the funds by any person to whom any payment is
so made. The balance of such income and principal shall be paid to
such beneficiary when minority ceases or to such beneficiary's
estate in the event of death prior thereto.
For purposes of this Trust, the term "minority" or "minor"
shall mean a person who has not yet attained the age of twenty-one
(21) years.
FOURTHL--QPTIONAL TERMIN^TION OF TRUSTS . Notwithstanding any
other provisions hereof, an independent Trustee may, in his sole
discretion, at any time terminate this Trust, or any share thereof,
if the amount thereof does not warrant the cost of continuing said
Trust or share, or its administration would otherwise be
4
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impractical. Upon EJuch tot'mination, Trustee shall pay the
principal and any accumulated or undistributed income to the person
or persona entitled at that time to the income therefrom in the
proportions in which they were then enti.tled to receive thc incomc,
and upon suoh terminatl.on t.he rights of all other persons who might
otherwise have an interest as succeeding life tenant or in
remainder FJhall cease. If any such person be then a minor or, in
the opinion of Trustee, mentally or physically incapacitated,
Trustee may pay the share of such fund to which suoh person would
otherwise be entitled to the parent or guardian of the estate or
person of suoh inoome benefioiary, or the person caring for such
benefioiary, or, in the oase of a minor, may depos it such funds in
a savings acoount in a savings .Lnstitution, money market fund, or
other oash equivalent of his ohoosing for the benefit of such
minor.
FIF'rH: PRQTJJ:rnYIL-J:ROVI S IONS . All principal and income
shall, unt.il actual distribution t.o t.he beneficiary, be free of the
debts, contracts, alienations and anticipations of any beneficiary,
and the same shall not be liable to any levy, attachment,
execution, or sequestration while in the possession of Trustee.
SIXTH: NON-ACCRUAL OF INCOM.r<. Income from the Trust or any
share thereof shall not be apportioned between successive
beneficiaries. All income not actually paid to a beneficiary
before termination of his or her interest shall be treated as
though it had accrued and become payable thereafter; likewise, no
credit or accrual shall be made for taxes, commissions, or other
charges theretofore made against income.
S,EVENTH: POWERS OF TRUSTEE. In addition to the powers given
by law, Trustee, without any Order of Court and in his sole
discretion, may:
A. To invest and reinvest at discretion in all forms of
property without restriction to so-called" legal investments", with
the ~pecific right to invest in common and preferred stocks and
insurance policies;
B. Keep reasonable amounts of cash in a bank account
uninvested, if deemed advisable for the protection of principal,
C. Purchase investments at premiums and charge premiums to
income or principal or part.ly to each.
D. Join in any recapitalization, merger, reorganization, or
voting trust plan effecting investments; to deposit securities
under agreements; to subscribe for stock and bond privileges, and
generally exercise all rights of security holders;
E. Register securities in the name of a nominee in such
manner that title shall pass by delivery.
5
c. {:;
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F. Vote, in person or
anyone of them and in
discretionary powel's.
G. Sell, at public or private sale, for cash or credit,with
or without security, and exchange or partition property and give
options for sales or exchangea.
by proxy, securities held by them or
such connection to delegate its
H. Borrow money from any person, J.ncluding any Fiduciary and
mortgage or. pledge any property.
I.
J.
property
manner.
compromiae claims.
Add to the principal of any Trust created hereunder any
received from any person by Deed, Will, or in any other
K. Pay premiums on any life insurance, annuity, or endowment
policJ.es which may have been retained or purchased herein and after
Settlor's death, exercise all rights, option and powers thereunder.
L. Treat as income all income accrued and unpaid on assets
at the time such assets become a part of this Trust.
M. Make distribution in cash or in kind, or partly in each.
N. Exercise all power, authority and discretion given by
this Trust, after termination of any Trust created herein \lIltil the
same is fully distributed.
O. After Settlor's death, an independent Trustee may merge
and consolidate any Trusts or Trust shares for which the Trust
provisions and beneficiaries are identical even if the generation
skipping transfer tax inclusion ratios are not identical.
EIGHTH: RlGHT TO REVOKE AND AMEND. .1 reserve the right to
amend and revoke this Trust in whole or in part at any time and
from time to time but only by a written instrument delivered to my
Trustee; except that the duties, powers and liabilities of the
Trustee shall not be changed without his written consent.
NINTH: TRUSTEE.
A. The original Trustee under this Trust shall be my son,
Edmund F. Garno, Jr. i and in the event that he is unable or
unwilling to so serve, then his successor Trustee shall be
appointed pursuant to the provisions of Article Tenth hereof.
B. After Settlor's death, Settlor's son may be the sole
Trustee hereunder provided that any discretionary distribution
powers are limited by an ascertainable standard such that the
exercises would not be deemed a general power of appointment under
6
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I, C.:)'
the Internal Revenue Code in effect from tinm to time. Notwith-
standing anything herein to the contrary, Settlor's son/ as
Trustee, shall not use discretion in applying any such ascertain-
able standards. In addition, Settlor's Bon/ as Trustee, shall not
participate in any discretionary decision with respect to
distributions to any beneficiary where such distributions would
satisfy any legal obligation of support which Settlor's son might
have with respect to that beneficiary.
C. At any particular time, an "Independent Trustee" with
respect to any trust or trust shares shall mean such a Trustee as
at such time (i) has no interest, vested or contingent, direct or
indirect, in the trust estate of such Trust or share, (ii) cannot
be benefitted by the exercise or non-exercise of any power,
authority, or discretion given exclusively to or vested exclusively
in an Independent Trustee by the provisions of this Trust or by
law / and (iii) can alone (as though such Trustee were the only
Trustee) possess and exercise each such power/authority, or
discretion without causing income I accumulated income / or principal
of the trust estate of such trust or share to be attributable to
the Settlor or any beneficiary of such trust or share for income or
gift tax purposes, or except in the case of the creation of a
general power of appointment in respect of any separate trust, or
state tax purpose under the United States Internal Revenue laws in
force and effect at such time prior to the time such income,
accumulated income, or principal is distributed to or for the
account of, or used or expended for the benefit of, such
beneficiary. If at any time there shall be more than one
Independent 'l'rustee acting as Trustee of such trust or share / the
term "Independent Trustee" shall mean all such trustees acting
unanimously.
D. The Trustee appointed under this Article Ninth shall have
the power at any time (but not the obligation) to designate an
individual (including an attorney) or a corporation to serve as his
Co-Trustee hereunder and remove any such designated Co..Trustee at
any time even if appointed by a predecessor Trustee.
TENTH: SUBSTITUTION QF TRUSTE~.
A. Any Trustee may be removed without cause by a written
instrument delivered to it and signed by the then beneficiaries of
the current income; provided, however, that such removal shall not
be effective unless each of the following conditions is
contemporaneously satisfied:
1. A successor Trustee who is not a current or
potential beneficiary herein is contemporaneously appointed and
such successor Trustee has certified its willingness to so serve;
and
7
L (.'" (1)
2. A written opinion of competent:. h1gal counlJel (other
than the Settlor or a subordinate party subservient to the wishes
of Settlor) that the exercise of the power granted herein shall not
cause any portion of any Trust hereunder which would not otherwise
be includible in any person's gross estate for Federal estate tax
purposes to be so includible; and
3. 'fhe successor 'frustee shall not be a related or
subordinate party to the person requesting the change within the
meaning of Section 672(c) of the Internal Revenue Code of 1986, as
amended.
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B. Any Trustee may resign at any time by giving written
notice to the then beneficiaries ot the current income. In the
event of such resignation, or upon the death or other inability of
a Trustee to serve where there is no designated successor, a
successor Trustee shall be appointed by an instrument delivered to
it and signed by the then beneficiaries of the current income.
C. The Guardian or conservator of the estate of a
beneficiary under legal disability, or the surviving parent or
Guardian of the person of a minor beneficia.ry for whose estate no
Guardian has been appointed, may act for the beneficiary in signing
any instrument appointing a successor Trustee as referred to in
Parts A or B above. Any successor Trustee hereunder shall have all
the title, powers and discretion of the Trustee succeeded, without
the necessity of any conveyance or transfer. No successor Trustee
shall be liable for any act or omission of any predecessor Trustee
and, with the written approval of the person or persons appointing
such Trustee, shall accept, without examination or review of the
accounts rendered, the property delivered by or for a predecessor
Trustee, without incurring any liability or responsibility for so
doing.
ELEVENTH:
successor shall
jurisdiction.
TWELFTH: COMPENSATIO~fIDUCIARY. The corporate fiduciary,
if any, shall be entitled to compensation for its services
hereunder in accordance with its standard schedule of charges
currently in effect at the time its services are called upon, and
from time to time during the period over which such services are
performed.
BOND WAIVEQ. No Trustee nor any duly appointed
be required to give bond or furnish security in any
I.l:IIRTEENTH: SITUS. Questions pertinent to the validity,
construction and administration of any Trust hereunder shall be
determined in accordance with the laws of Pennsylvania.
FOURTEENTH: AFTER ADQf1EP- AND]ORN CHILDREN. All references
herein to the descendants of any benet iciary shall include any
child or children born or lawfully adopted during his or her
8
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COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
('~
IUREAU Of INDIVIDUAL TAMES
IHHERITAHCf TAM DlijlSlON
DfPT. UIOiDl
HARRISBURG, PA 171Z8.0601
NOTICE Of INHERITANCE TAM
APPRAISENENT, ALLOWANCE DR OISALI,OWANCE
Of DEOUCTlOIIS AHD ASSESSNENT Of TAM
01-12-98
GARNO
12-30-96
21 9'1-0088
CUMBERLAND
101
r=:~~~t Re~~~3
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE. PA 17013
CUT ALONG THIS LINE .. RETAIN LOWER PORTION FOR YOUR RECORDS ..
iffV': isW" iif- "FP"f 119'=97"1" illlT" ic niF- ItiHEifi;: AiicE " TAX - APjiiiii i ii EM! il'f; -A L l-cjwAN"cE" b"R'" -""".." - -"""" - --
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
LUCY C FILE NO. 21 97-0088 ACN 101
DATE
ESTATE OF
DATE OF PEATH
FILl NUMBER
COUNTY
ACN
ANDREW H DOHAN ESQ
49 E LANCASTER AVE
MALVERN ~A 19355
ESTATE OF GARNO
TAM REI'URN WAS I (X) ACCErTED AS fILED
RESERVATION CONCERNING FUTURE INTEREST . SEE REVERSE
APPRAISED VALUE OF RETURN BASED ON: ORIAINAL RETURN
1. RD.l Eltat. (Schedul. A)
2. stook. ~d Bondi (Sch.dul. 8)
S. Clos.ly Hold Stock/Partnership Int.r.,t (Schedul. C)
4. r.ort,.g.~/Not.. Receivable (Schedule DJ
6. t..h/B.~ Daposita/Hila. Perlonal Prop.rt~ (Schedule E)
6. Jointly Owned PropGrty (Schedul. F)
7. Transfar. (Schedule G)
.. Total A...t,
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. Fun.,'al E)(p.n~../Ad.. Coata/Hile. Exp.ns.. (Schedul. H)
10. Debts/Hortgeg. Llabllltl../Liana (S~hadula J)
II. Totel OoOuctlon.
12. Nat Valua of Tax Raturn
15. Charitable/GovernMental Beque.taJ Non~eleoted 9115 Truat.
1~. Nat Value of E.tete Subject to Ta~
(,)
110)
) CHANGED
II)
(2)
(3)
(4)
IS)
(61
(7)
.00
188,875.34
.00
.:.ll.
6.099.56
.00
709,091. 98
(a)
*
In.liU fA." 11t."1
LUCY
C
28,204.25
4.499.76
lIil
112)
113)
114) _
(Schedule J)
DATE
01-12-98
NOTE: To insure propar
arocU t to your account,
.u~lt the uppar portion
of this for~ with your
tax peYMnt.
904,066.88
32.704 01
871,362.87
.00
871,362.87
If an assessment was issued previously, lin.1 14, 15 and/or 16, 17 and 18 will
rlflact figurel that include the total of ~ returns assessed to date.
ASSESSMENT OF TAX:
1&. Aaount of Line 1~ at Spouael rate (IS)
16, AMount of Line 14 t.xable at Lin..l/Cl... A rata <<16)
17. A~t of Line 14 taxable at Coll.ter.l/Cl.~s a r~t. (17)
lB. PrIncipal Tax Due
NOTE:
TAX CREDITS:
PAYNENT
DATE
03-26-97
09-29-97
RECEIPT
NUN8ER
AA185333
AA242294
DISCOUNT C + I
INTEREST/PEN rAID C-)
2,368.~2
,00
.00
871. 362.87
,00
M .00.
M .06.
M .15.
lIal
AHOUNT PAID
45,000.00
4,913.35
TOTAL TAX CREDIT
BALANCE OF TAX DUE
---
INTEREST AND PEN.
TOTAL DUE
. IF PAID AfTER DATE INDICATED, SEE REVERSE
fOR CALCULATION DF ADDITIONAL INTEREST.
.00
52,281.77
.00
52,281.77
52,281.77
.00
.00
.00
IF TOTAL DUE IS LESS THAN U, NO PAYNENT IS REQUIRED.
If TOTAL DUE IS REfUCTED AS A '''CNfDIT'' (CR), YOU NAY AE DUE
A REfUND. SEE REVERSE SlOE Of TillS FORN fOR INSTRUCTIONS.)
, ....-..-.
.
\
'-r'--'~
l':"
RUERYATIONI E.t.t.. of d"ld~t. dyln, on or "fori DH.....r 12, 1912 .- if ~y futur. Inter..t In the e.t.t. h trtn.hrr.d
In po.....lon or enjoy.ent to CI... I (ooll.t,rlll blnlflclerll. of thl dlo,d~nt 11tlr the IMPirRtlon of any I.tlt. for
!If. or for Yllrl, th. Co"on~.elth hlrlby 'Mpr...ly rlllr~.. tho right to apprll.. end ...... tr&nRf,r 1nh1rlt~. TaK"
at the IltNful CI... . (ool1,ttr.l) r.t. on eny .uch futur. Int.r..t,
PURP05E OF
NOnCE I
PAVMENT I
RErI..'HD (eM)1
OIJECTIONS l
AIMUN
15TR"TIVE
CORRECTIONS I
DISCOUNT 1
PENAlTVl
INtEREST I
To fulfill the rlqulrlHnt. of sootlon 2140 0( tht In/MIII.ltenol end E.tlt. TaM Aot, Aot 21 of 1995, (72 P,S,
SlOtlon 9140),
Dlt.ch the t(lP portion of thit HaUc. flnd tub.it with your p.y.,nt to the R.,lIt.r of Willi prlnt.d on the r.~.r" 11ct.,
HHak. c:h.ck or unly ordlr p.yabh tu: REGISTER OF MILLS, AGENT
A refund of . hM or.cUt, which w.. llOt rlqullttd on the TIM R.turn, .Iy bll rlqulltlld by oOlll'Phtlnt;t In "Appllo.tlon
for Refund of Vennly!v."la InherUaneD and [.tllta TIK" (RE\'-U15J, APflllcl~lon. Irl ,vIlleble It thl offlc.
of the Righter of will., any of the 2] R.vlnu. ulltrlot Offiol', or by celllng tho 'Pllcl.l 24-hGUr
.n,wIl'lng ..rvlcI mJM.r. for fare. orct.rlngl In P.nn'Yl~lItnla 1-800-!62-20S0, outtlde Penn.ylvanla and
within looal Hlrrhburg Ir.. (117) 781-8094, TnD' (nn 772'ZZS2 (Hurlng I.p.lr.d Only),
Any p.rty In Int.rllt not .ethfJ.d wHh thl epprl1....nt, eUCllilanc:. or dlsallowanc. of dliductlOlll, or a...ulNIht
of tax (Inolucllng dhcOYtlt or Inter..t) II thewn on thl. Hotlo. MIlt objl(lt within .IKh (60) d.y. of rlc.lpt of
thh Notlel b~l
-.wrltt~ prot.,t to the PA DIPartMent ef Rav.nll., BOlrd of ApPlah, Dlpt, 281021, Harrhburg, PA 11128-1021, OR
H.l.otlon to hive the ..tter det.r.lnad at audit of the .coount (If the p.rlonal repr...ntltluI, OR
'.appeal to the Or~h.n.' Court.
flctUDl error. dllcov.rld on this ........nt .hollld be Iddro...d In lilrltlng tOI PA D.p.rt"Nt of R.venue,
lureltU of Jnctlvlctull Tax.., ATHrh Po.t A.......nt Rlvlew Unit, Dept. 280601, Harrisburg, PA 11121-060J
Phone (717) "87-6S05. S.. p'p S of the bookllt "Inlltructlon. for Inhtlrlteno. TaM Return for. R..Jdlnt
DeoltMnt" (REV.lliOl) for an uplanltlon of .dIllnhtr.tlvlh correctlble error..
If ,"y tax due It Pllld within thrle CU Cllllnder lonth" efter the acldentt, d..th, a flvo plrcent '(SX) dhcount of
the tax paid It allowd,
The ISX tlx .."..ty non"PlrtlclPltlon Plnllty I, c~tld on the tot.l of thl t'M and Int.rl.t I.~...td, and not
pIJd blfor. Janulry 18, 1996, the flr.t day aH.~ the and of the t'M a.n..ty period, Thh non-p.rtlclpatlon
penelty II .-pplllebl1 In thl .IMII .ann.r ancI In thl the .... tl.. plrlod II you would eppIII the taK end .lnt.r..t
thlt hi. bun .......d II Indlcatld on thll Mtlcl.
Int.tut It ch'r~d b.glnning with fIr.t day of d.lln~u.noy, or nine (9) lonth. IH\d on. (I) dlY fro' thl dftt. of
dllth, to thl d.t. of p.y.~t, T.xa. which hlo... d.llnquent before J~ftry 1, 1982 b.ar Int.r..t at thl r.t. of
.IM (6;':)' p.rciM\t ~r IIMUII cllllr.ulllt.d at a dally ret. of ,000164. All hXII whlc:h b.e... delinquent on and Ifter
Jenuary 1, 1982 will b..r Int.r..t et . rete whloh will Vlry frol oll.ndftr y.~r to o.llndlr y~ftr with th.t rat.
announced by the PA O.pert..nt of R.venue. Thl npplle.bll Int.rl.t rlt.. fcr 1982 through 1998 ar'l
'!!!! Intarllt Rat! !l,allY Int.tut ractor !!!r Interut Ret. 91111lv Intere.t factor
1982 20~ .00054. 1981 'X .000241
1913 I'~ ,.00008 1988-1"1 11~ .000101
,... ill .000301 199Z 'X .000241
1'85 I!~ .00OSS6 199J-1994 'X .000192
,... lOX .00021" 199!i'1998 .. .000241
ulnter..t it caJ.cuhted .. follow'l
INTEREST. BALANCE OF TAX UNPAIO X HUH8ER OF DAYS DELINQUENT X DAILY INTEREST FACTOR
uAny Notlc. I"ued I~t'r ttM tll( bleo... dllI~t will r.UHt W1 Interut calculation to fifteen llS) dlV'
b'yond the date of the .ft....tent, If p.rllnt I. .Ide aft.r thl Intar..t cOMPUtltlon date .hown on th.
Notice, Ilddltlonel Intlr..~ ....t be ollllcultttd.
PUIlPO" Of'
NOTICE I
To fulfill thl rlqulr..-ntt of llOtton 21.. Cb) of tht lnherlttnol Ind Eatlt, TIH Aot, Aot 21 of 1991.
(72 P.I. 'eCIt1D1"1 9141),
PAYMENT I
Detach the tOP ,ortlan of thlt Notl~. and .~lt with your PIV-.nt to t~ A"tttlr of Will' printed on the
rlVlr.. 11..
u Maka oheck III" ItOnly (lrdtr Plyllble t01 REOISTER OF MILLS I AOINT.
REFUND tCAll
A refund (If . tal( credit HY h requelttd by cOlIPlaHng ., "ApplJoIHon for bfund of Ptnn.ylv~l.
Inheritano. anct Elt,t, Tilt" (REV~1S1IU. App!JoIUon. art ..y,Uabl, It the Offlol of the R..1Itl,. of NUll,
MY of the 2J R,venue Dhtrlot OfHcI' or frOM the DlpartHnt', Zit-hour anl"'lrlng ",.vl01 nullbtr. for for.. orderlngl
In Plnnlvlyanlft 1-'00-Sn-20IiO, out, ide Pennlvlvenl, and w!thln locII Hlrrhbur" ara. (717) 7'7-'094,
TDDI (717) 172-221P: (....rlns IMpIlred Only),
OIJEClIONSI Any party In Inter..t not ..thfl~ wHh the ........nt of talC al "'MtNn on this noUo. "'11 obj,ct within
.I~ty (60) d'Vt of r.o.lpt of thl. Notlc. bYl
--wrltt.n prot..t to th, PA o.p.rt..nt of Rlv,nlM, Inrtf of APPllh, D."t. 211021, H.rrlsburl, PA 1712l~1011, OR
"-el.otlng tt hlv, the II.Uer d,t,rllln.fI .t n~,dlt of thll p.r.onal rlpr...ntlt1v., OR
-"eppeal to the Orphan.' Court.
ADMIN"
ISTRATIYE
CDRR:::CTIOHSl
FeetuIl Irror. dl.cov.rld on thl. ..G....-nt .hould be .ddr....d In writing tOI PA Deplrtaent of R.venue,
lure.u of Indlvldull TIXI., ATTNI Po.t ......-.nt Rlvll.. Unit, Dlpt. 2a0601, Hftrrl.bur., PA 17121-0601,
Phone (717) 787"6S0!i, S.. P.... S of tM book..t "In.tructlon. for Inhtrltenc. TIM' Return for e Reeldlnt
DaclcMMt.. (REY-ISOl) for an el(plencUon of ItdIIln~.trQtlv.ly carrlctut. error..
PENAl. TV,
lhl 15:< tlW a."..ty non"partltdpaUon p"nalty Is cOlllput.d on the tatel of the t.M and Inter..t .......d, and not
".Id btlfor. January 18, 1996, the fir.t day .ft.r the .nd of the taw Hnt.ty p.rlod. This non"PllrtJolp.Uon
plnl1ty It appellhble In the .... nannlr and In the thlt .... U.. p.r loti lit YOU Mould IIpp..l the taM end Int.r..t
thlt h.. been .......d a. Indle.t.d on thl. notlc..
INTEREST,
For dlt.. of d8ath on or a1ttr 10~!~9), PIfM"ylvtnla E.tltl TIW bl.1d on the Flder.l E.t_t, TIM
return hleo... dllinqu.nt It thl .xplratlon of nlnl (09) .unth. frot the dlt. of ~.th.
For dlt,. of ~.th prior tu 10-~-9l, Pann.y1v,"l. E.t.t. T'M hl.td on t~ F~r.1 E.t.t. Tax r.tyrn
btClOlle' dtllnquent at the .Mpl,...t Ion of .lent.WI (18) IlOMthlll 'rOll the a.t. of d..th.
T"'KII wh!ch b.c... d.llnqy.nt btftlr. J~.ry 1, 1982 b..,.. lnt.rllt .t tl~ ,'.te of .IM Ui:<) peroltMt per aM'--
o.l~uhtlld at a dally retl of .0001".. All taMII whlch boo.... dtUnquent on or afte,.. Janulry I, 1912 will b.er
lnto,..l.t at a r.t. which will Var~ frolll oalend.r YI.r to olland.r y.ar with that rat. ~unoad b~ the PA
OepartaWlt of Pevanua. ThI ~llc~11 Int.ro.t rat.. for 1'82 thrOUGh 1"8 arl'
V.ar Intlr..t Rpt. Dally Int.rn.t F~to,.. 'tflar Int.rllt Rllt. DIlly Int.rllt FlHltor
1912 lOX .000S48 19a1 .~ .000247
HtU 16X .000438 11)'.~1991 11;: .000301
1914 11X .000101 1991 .~ .00021\7
1985 UX .000356 1993~1994 1X .000192
1986 IO~ .000214 IM!.-l"a 9~ .000247
~"Int.r..t 1. o.leul.1ad .. followll
INTEREST . BALANCE DF TAX UNPAID X NUNAfoR DF OAYB DELINQUENT X DAILY INTEREST FACTOR
"-Anv Notloa l..ued afhr the taK bleo... dtltnquant will rafl.ot ItM Int.,...t olloul.t1on to flft"" (5) clIn
beyond tn. dlt. of tha .......ant. If pavtont I. Mede .ftl,. th. Intlrl.t cu.putltlon dat_ .hown on the
Hotto., addltJttnIll Inter..t lIUd b. caleyl.t.....
/5,/57-f
ANDREW H DOHAN ESQ
49 E LANCASTER AVE
MALVERN PA 19355
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
NOTICE OF DETERMINATION AND
ASSESSMENT OF PENNSYLVANIA
ESTATE TAX BASED ON FEDERAL
CLOSING I.ET'!'ER
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
c/
*'
AUREAU Of INDIVIDUAL TAKES
IHHUJUNCE lAM IHVISIOH
Df.PT. n,'ol
~I$IURO, PA 171Z8-0601
_n'H' n UP fU-in
06-15-98
GARNO
12-30-96
21 97-0088
CUMBERLAND
202
~___~~unt.R..lttod _~
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
LUCY
c
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
NOTE I To in.ure propa", oredit io your account, Subln! t the upper portion of thh forll with your tax PBYMnt.
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR FILES ~
iiEY': 'i 36-iij(--A'Fi.To3:.-9''ir----il-. "NoYic'E-- OF - -DETERii'iNAf'i ON -ANP-ASSESS-HEHT mmm_________ --- - - - - - -.,
OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL CLOSING LETTER ..
ESTATE OF GARNO
LUCY
C FILE NO.21 97-0088
ACN 202
DATE 06-15-98
ESTATE TAX DETERMINATION
1. Credit For state Deeth Texes as Verified
29,281. 00
2. Pennsylvania Inheritance Tax Assessed
(Excluding Discount and/or Interest)
49,913.35
3. Inharitance Tax Assessed by Other states
or Terr'i torie.. of 'tha U..li ted States
(Excluding Discount and/or Interest)
.00
4. Total Inharitence Tax Assessed
49.913.35
5. Pennsylvania Estate Tax Due
.00
6. Amount of Pennsylvania Estate Tox Previously Asses.ad
Basad on Federal Estate Tax Return
.00
7. Additionel Pannsylvania Estate Tax Due
,00
TAX CREDITS:
PAYMENT
DATE
RECEIPT
NUMBER
DISCOUNT (+)
INTEREST/PEN PAID (-)
AMOUNT PAID
tn
.f" N '0..:
6:: ,
o
-
,)
TOTAL TAX CREDIT ,00
BALANCE OF TAX DUE ,00
INTEREST AND PEN. ,00
TOTAL DUE ,00
(If TOTAL DUE IS LESS TH-AH $1, NO PAYNENT IS REquIRED
IF TOTAL DUE IS REfLECTED AS A "CREon" (CRJ, YOU NAY BE
DUE A REfUND. SEE REVERSE SIDE Of THIS fORN fDR INSTRUCTIONS.)
. -~
"If PAID AFTER TH~ DATE, S~E REVERSE SIDE
FOR CA~~~TION OF ADD1TIoYAL INTEREST.
clio: .<,.0
j;
,
,J
I
, I
,
il
,
,
,j
I
i
,
(
;
I
_Of
NOTICE!
To fulfill ~ r~lr-..ntl of Seatlon 2lltS (b) of ~ Inheritance end E.tat. Tak Act, Aot 21 of 1991. (12 P.S.
hoUon 91lt5).
PAYMENT,
Dlt~ ttM top porUon of thh HoUo, end IUbuJt with Your pa~t to thI Regilt.r of NUll p,.lntld on tn.
rOYa,... II.,
-- ..... oheOIc or HM~ or.r p.~Itb1e tOI REGISTER OF' "ILLS, ADENT.
REFtIfD (CR) I
A r.fund of . tak orldlt ..~ bit ,.oqu..tttd by OOIlfIl.Ung an "Appllo.Uon for A.fu'Id of P""yIY8flle
Inherltanc. and Eetate Tax8 rREV-151~J, lppllo.tions are BYallabl. at the Offlo. of the Raul.tor of Mllll,
an~ of the 25 RIYIIf'IUe 01ltrlot Offlo.1I or frOll the Deps,.t....t', 2lt.hour Wttwering H,rYIQ, f1l.-Hr. fo,. for". ordtllrlnel
In P~'YIy~l. 1.800-562.2050, outside Pann.vlvanl. and within looal Herrltburg .,... (717) 787.aU94,
TOOl (717) 772.2252 O".rlnll ~1IP.lr.d OnlY),
OBJECTlONSI Any party III Int.r..t oot I"thliad wJth the ....UMnt of tlK I' show. on thil notl08 UY obJBOt within
Ilktv (60) day. of r~.lpt of thll Hotloe bYI
.-wrltten prot..t tCl the PA o.plrtMnt of R.venue, 10lrd of Appelh, Dept. 281021, Herrlabu,.g, PA l7120.U1Z1, OR
..'leotlM to h.",. the .Itt.r dehr.lned at audit of tlut perianal r.pr..."tetlv., OR
..~.l to the Orphan.' Court
AutUN-
ISTRA TlYE
CORRECTIONS I FttCltU81 .rrors dhOO".rld on thh ......wnt mould be Itddr...ed In wrlUng tOI PA hplr~t of R.venull~
aur.., of IOOlvloo.l TaKe!;, AnN: Po.t A.....""t R.",l.., Unit, P1pt, 280601, "'rrhbu,.g, PA 17128-0601,
Phone (711) 767~650S. ~.a p~ 5 of the booklat "In.truotlQOI for Inherltanc. TaK R.tu,.n for a Re.ldent
D~~t" (REV-ISO!) '(If' WI .xpll'Mtion f)f 9dalnhtraUv.h oorrlOtabl. .rror..
PENAL HI
I
Tht ISr. tax 8IOe.ty non~partlolpation penaity I. oOMPutad on the tot.1 of the t.k end Int.r..t '.....Id, end not
paid blfor. January 18, 1996, thG fir.t day .ft.,. the ~ of the taK .-nI.ty p.rlod. Thi. non-p.rtlolpatlon
penalty ill app..aluhle in the .lHI9 lIann.r and In the the .... tI.. P.rlod .. you would ~al tM t.k and Int.r..t
that hat been .......d a. indicated on thl. notlo..
INTEREST I
Addition/Ii P.nn.ylvllnJa Eltate 18K auonod a. a r..ult of a change on the Fede,.al Eltat. hll olo.lnl
htt.r bloOM. delinquent at the 'lCplraUon of one (1) aonth fr04l the dlte the flnel noUee of the lnor....
In Faderal E.tat. TalC J. r.ceiv.d.
Takell whloh tJao... dellllqUtlnt bllfof" January I, 1982 blar Intar.,t at ttlt rat. of .Ik (6:<) "roant PI" InnUI
o.loul.tad .t . dail~ rat. of .000164. All take. which baooaa delinquent on ~r aft.r January 1, 1982 will bear
Int.r..t at a ,..t. which will vary froa c.landlr y.ar to calendar y..r with that rlt. announold by the PA
Dapa,.t..nt of A$vlnY~. The appllcabl. lntar..t rat.. for 19&2 thr~ 199& ar.1
r.!!r Int.,...t Ra" Dally Int.,...t FltCtor ~ Int.,...t Rat" DaJly Int.r..t Factor
1982 20;: ,000548 1987 9~ .00Otft7
19&1 16:< .0001\5& 1988-1991 11:< .0OOSnt
19114 \I~ .000501 1992 9~ .0002ft7
1985 15~ .000556 1993~I99ft ]X ,000192
19M 1'~ .OOO.l!7ft !99S-199a 9% .OO02ft7
ulnt.r.at II calculat.d ., followal
INTllREST . BALANCE OF 1'AX UNPAID X NUNBER OF DAYS PELINQUENT X PULY INTEREST FACTOR
hAIl)' NoUo. I..uad aft.r the tal( ~cOll" d.lIn~.nt will ,..U.ot fill inhr..t oaiculetlon to flft.." 05) dltYI
beyond the data of the .......ent. If P.~lWOt h .ftdcI .U.r the Int.rnt cOIIputation ditto thowo on tM
NoUe., additional Int.r'lIt fIU.t ba (.fllcuI8t.d.
STATUS REPORT UNDER RULE 6.12
---.......-._~"~---<--.................-~._~-...-.~,~~
of Decedent I Lucy G. Garno
Name
of Deathl 12(30/96
Date
Will No. 21-1997-0088 Admin. No.
--------------.------
Pursuant to Rule 6.12 of the Supreme Court Orphans'
Court Rules, 1 report the following with respect to c6mpletion of
the administration of the above-captioned estatel .
1. State whether administration of the estate is completel
Yes~,_ No___
2. If the answer is No, state when the personal
representative reasonably believes that the administration will be
completel_
3. If the answer to No.1 is Yes, state the foll:>wingl
a. Did the personal rej'resentative file a final
account wi.th the Court? Yes__ No_,__"
b. The separate Orphans' Court No. (if any) for
the personal representative's account is:
c. Did the personal representative state an
abCount informally to the parties in interest? Yes No
x
d. Copies pf receipts, releases I joinders and
approvals of formal or informal accounts may be filed with the
Cerk of the Orphans' Court and may be attached to this report.
Datel 2(3(99
I!i
i;>i
~ndrew H. Dohan, Esquire
Name (Please type or print)
#20 Chester County Commons
Malvern, PA 19355-1942
Address-------
010) 722-5800
Te I. No.
(MAH I rmt / AM3)
Capacity: Personal Representative
d .~_counsel tor personal
representative