HomeMy WebLinkAbout97-00154
.
o
Z
'-&
CD
15
1;;
~
0\ t~
- P-
olO :;"0..
1"'1 (>'
Yj~~ CI.. t,,~:-
,', ,-"
';: ~ " M
\,,' " ...
"
'1~ .p ~
"g;U~
jaf ~'-J.'
,0:: ,Pi dd
\
_<"""'-'Y"'_"i'-"~,,,,:,-,
'0 0\ !Sit
..!a R
Q)"~ l'"\ ,~ '-
.~~, 0.;. C, -6
",,, "r. l'"\ L-, '.l
\,
- " f)
'~_' ,-
1/) '-" Ef ".
rj '~i1 "
O'[j,
leY! P\
,,"""'tio<
: 'ii' :,.: 'ii"il,!I' I:
; , , , i :: I i l! I,: -: I, : I,:' I ~,_ I I ~ " ": I :,': i " ' i : I ; ,; i! I '! ' Ii; I, I
,I, ! I," ii" ,
21 . 97 ,I" 184 , , ,1", ,Ii " I,,"~ 1.',1,1 'I" ' " I "I'! i '!' 1'::'1
I', : 'I'll:; 1::>1 ~:lil:'iI i:( 'I::~[!'I ~ ,Iii!, ill :1/I':I[;'1,1il::' :;': :',: I,:' ,:::,,;: Iii'; li,:"
1 ", I, "I, I I 'I' 'II I':, d 'I"l :1," , ' , I " , , " 'I, 'I I', I I' ' I
I,: 1111':1,:,1,11111,,111:1 ;'1 II:' II I! iii, Ii 1,':'1'1'11' ::lil::11lil'! I I,',' I i I': III ::il i
"I !,!;llli' i i'llllj'I' I,l, :III'j 1,1 III': 1IIIIIIIi:IIIIHIiII'l.I',q'lli/'I,J 11,'1: III!I,! II ':[11
" 'I II II II I I I 1/' I" I 'I III ' 'I' >I 'i"l I'" I' '"11
'I! i: !il,II,(:1 ;1111 , I:' I:, :' :::, I II" ,I I' ", I 'I'!I I '111i '
, I ! : 'i Iii 'II i' I : I ,I I! I I 1 ',' 1 " 11'" I I! II I';' /11111111: ~'I i i II' ':11 1II1 i'il' '11,i'! il',' : I
, 1 ,I !: i 'I i: I Ii, I' I! II ~ ' I! ! ; ,ii III .' II i Iii' I I : I: I r 1I11 :1; II : II Iii: : Ii! I ! I'
'! I I:, Iii i i I : Iii h' I :11": I ' II' II 'Ii I ,,: I!III'I iii'!: i ;,' d il i :: I I :1111':1 i I: '
;:!, I :1,,1, II';,:! :1/ 'I I " : I,ll:: I ;, I11' I: 1111":1 !;I II II ';' liil'l; 'II "llii ,111,
'I III II" I II II I I I I II I' I '[ I I ' ,I " II "'t'"
'!, II ,i1:"I11 "III ,::, 1', !I:: I '::1' : I I'III!:I:I I! I 11', ,I,ll m:
! II'ill!1111 ilil ,III ': 1II'1 '1"11: 1IIIii I! :tI11::1 i[II,!:IIIII/II'I:lrl I, II ~li':
I I ::' I ! i! I! 1': Iii I [::111 I :'! II I; I::, 1 ,,!I 1:1 I :1, i ": II I ' ,I: if !II" 'I: II:', I :::1, ,
I d' I [I Ii: 11'11' II I I I,~ :' II, :: '1'1' :':, II 'II i I i: I I I i III :ii' I Ii 1':11 ! I "'ii ;11:::11 :
I 'I 11,,1, jl, I I,' 1/ " ',," I ' "11111' I 'll) !I" ',I I' ,
I I I ' ,:, I ,', I 'I! I I, I ': 'I J,' "I" ~ !, II! ;,',
111,'Ili'l I: "I i: ,I ,I: 11:': I ':1 ':: I i:lllllh:, II~I~ 'I' i,l:i' I~' Iii
I 'I 'I' I I" II II III I 'i,' ,': ]1 ~;l I I 1"1 "I . I"
I Iii;, li:II!!::, I'I :, :11 II:' I I:;: :, 1 ~i I :,: :,; Ii !;,ill, i ::' lil:, II :), I"~ ,! '"
I '''I': 111:, 1 "I ;' "!: ': I :: :1, :'/11'111 ':11, I' , I ':111 'I I , '
I ;' 11'1 11'1' I, I, 'II' ; ,,' y " , i "ll" : I ' I' I I "
II J I,t j Ill'~ I ,~, :I:~~' I:; ~ d ~'II Il;~ll I I, ~J ' ,I J ' I,
I, : II"~ li!111 : 1 ;i I :) I ;! ~ ,; I \' : II :.'1" !,:I, I' 'I ': 1,111 I'!i"
I II!' III I : I I ;' I :i 1: " (: ; I ,.:[ II : I ;: i I; ,( I ~ i '
II i !I:, Il!IIII' Iii, ,:, \ i Ii ,l 11;1 I ,l.IIII'l.' .; I: I: 1:' I
: I ::,! 111';1 'i!,I::I:!!I!ii!I:; 1111 I!' I' ~ Ii: \ 1:/1 ~ ,\ i~ ! !;JJ II ~ I' ,II i: I /: : ; I I, I
:" : :il ii I 11(,llilllli ,',1 'I:: I : :: : I :;' ::11 1::111 :WI11' ::illll:: I I:..:I:! I,
I, . I' ': " ! ,\ I: ::: ill I i II [:; (II I:; ;: /:1 ~il. I i: . !:! I fi 1 ::ill. i, :il, 111:! ' :i I:.: I :'
:I! ,": I i'l 1 !II'I ill!I!IJ:! '1'1:: III I:i :,: :; 1/:,: :':1 I i: II I:: :':1.'11 II ::111111;:1 :i:.! I. : '.'.1.,1,1
, !" " ': " [I : ': II : l'I';; I' i 1'1 ! II ': I :, I~: ! I,:: ! i: :: ;1: ( , ,; I ;,' I I,..: ;.':111 1.;,j' 11I1 ;~. I' :\ 1 :.'.1:. '.' :, :.. : :
I' , ,': I ' I I II ,: ,I i I 'I I I III I: I :: I I ;; I,:, I I:~ II : I I ;:1. i! ::I:! 1111:
i: 'j ; II ,,: '1:', I, :il i,l I:: 111:111 I:: II f: II:; I '; " :,:1 1,:1111 [ III[! II'! I :;11 '1111 :1' Iii' :;Ij' 11 :; I ; 1111'1,' I:',
:,: :: III I:: 1:li!~'II!lliWllil'li: I Ii! ;i I :: I ~ I1I1 'i I ~ III I I'! II ~IIII 'J :: 1 'II ': I~ 1:1' i'i:
I ," ": I ! II [I' Ii 'I I II! /!III: I, 1'1:: I: ;: II :,:,',,',,1 I, :,i II Y, r: I, \ii Ii I' ~,; ':':1, ',.,ill ~,I, 1 !, ",: I I
,! , : : 'i', I!: i :,:: : III: II i " I; I, I, 'II I! II: I I:, Iii il' I~III Ii lill I: i I I r, 'I: II i i I i
I ": ' " II I 'I' ' I I : ,I Ii I :' 1,1 i,I~, Ii, 'I', :"'":,,,,',1,, i,',,1 .,;,I( 'I , :' I 'II' 1',:",,11 ':,' , I:", " i, " '
i i I i,', I' ilil:: ,il iil::1111 ii,',: ~ :; I' II ~' 11111':'1 :,,'11 " i; 1"II,r,~III,I,1 ';,IIII',lj, '!I"II' 'I 1:,11 I" )1 I;' I ~I;"ii', !
:, ;;, ::,,1, lli,',II;:II,I"III",!::II"II[II"I;,,: I1I1 iil I,: I:: III d II ::1 !II i, ill :11:; I1I1 ;,:11 !' I;,ill ;:1 II ::1/1;'1' 1'1
:'i:" 111'H IIIII';I!I'II, 1':1 1 1:1'::11:,1;11,,111 I,:i 111::I,I:WI!,i!::lii !:IIII::! 111;:'1111'1:1':
, ! II i lili:ll: 1:11 "1:111 1'1 ! I I"~ ',Ii" I, 1,1',,' 1",1,11,', i", 1 1,1 ""i", ' 1",,1,,1 1",1,111"",1,',1""1,, ''', II 'I" I !'II,:,:"I'I:' "
, . I liill,',:11 i,: 1 'II !III :! 'I' I I', ';,,1 I I :,,:,:1' ill',: I" i! 1:1 ::,, " II ",'1<,;,,1, :, 'I '1"1", il,: I:,
" ! ",' I,,' "I'" 'I I !I'I !illll" I "II :'1 'i'''I'' I II ' !, ",:, I
t : i ; i I :!!!;' ~, I I:, 1-,; i I I : "i \: i j - , ii, ' I ! II : i. i I i I ! :' i' i I :' " )1 I : ! : i i! ) 1 I Iii;
'I,' i'l, ' '. ,!:I I, '.. I ' ,:' ;:,1,.:."
: : I ., '! , ' i ' , i!! f '" I ' i 'Iii':: ! ~ " ,I , , ' , ' ii' I',! I, ' , : I : 1
ROOOle",].: ,';""JI1 of
REl\;,i,l. . ,Vilis
'97 rc.B 13 P 3 :09.
.,-.,
Clellt' . . ,',;,Iurt .'
CumtJ;,' ," ;" Ga., PA '
? t tl ~
ts Jd!1 i
! '~l~~
~
. ..... r.. l-<! ~::.
0 .
Jt "" ~ii~'
i
V> 8 p
m
1
.<:
, .
;---
r""
,,,,__,,~__.~o-'r
nr::M XI
Simultaneous Death Provision Presuming Benefioiary
Pre4eceases Testatrix . 5
Testimonium Clause . 6
Attestation Clause . '. 6
LAST WILL AND T~STAM~NT
OF
AUDR~Y F. W~NGERT
Introductorv Clause. I, AUDREY F. WENGERT, a resident of
and domiciled in the City of Mechanicsburg, County of Cumberland
and Commonwealth of Pennsylvania, do hereby make, publish and
declare this to be my Last Will and Testament, hereby revoking
all Wills and CodicEs at any time heretofore made by me.
I am married to STANLEY A, WENGERT.
I have four living children: STANLEY A. WENGERT, JR.,
WILLIAM H. WENGERT, JACQUELYN W. JENKINS, and CAROL W. GAETINO.
ITEM I
Q!r.ection to pav Debts. 1 direct that all my legally
enforceable debts, secured and unsecured, be paid as soon as
practicable after my death.
l:!,EM I~
Direction to Pav All Taxes from Residuarv Estate. I direct
that all estate, inheritance, succession, death or similar taxes
(except generation-skipping transfer taxes) assessed with respect
to my estate herein disposed of, or any part thereof, or on any
bequ~st or devise contained in this my Last Will (which term
wherever used herein shall include any Codicil hereto), or on any
insurance upon my life or on any property held jointly by me with
another or on any transfer made by me during my lifetime or on
any other property or interests in property Jncluded in my estate
for sllch tax purposes be paid out of my residuary estate and
shall not be charged to or against any recipient, beneficiary,
transferee or owner of any such property or ,interests in property
included in my estate for fHlCh tax purposes. If my residuary
estate is inadequate to pay such taxes, they shall be paid from
the assets of the Trust.
ITEM I II
General Bequest of PersQnal and Household Eftect~. I give
and bequeath all my personal and household effects of every kind
including but not limited to furniture, llppliances, furnishings,
pictures, silverware, china, glass, books, jewelry, wearing
apparel, boats, automobiles, and other vehicles, and all policies
of fire, burglary, property damage, and other insurance on or in
connection with the use of this property, to my husband, STANLEY
A. WENGERT, if he shall survive me. If my husband shall not
survive me, I give and bequeath all this property to my children
surviving me, in approximately equal shares; provided, however,
the issue of a deceased child surviving me shall take per stirpes
the share their parent would have taken had he or she survlved
me. If my issue do not agree to the division of the property
among themselves, my Personal Representative shall make such
division among them, the decision of my Personal Representative
to be in all respects binding upon my issue. If any beneficiary
hereunder is a minor, my Personal Representative may distribute
such minor's share to such minor or for such minor's use to any
person with whom Buch minor is residing or who has the care or
control of such minor without further responsibility and the
receipt of the person to whom it is distributed shall be a
complete discharge of my Personal Representative.
ITEM IV
Pour-Over Gift to Trustee of Testatrix's Inter Vivos Trust.
I give, devise and bequeath all the rest, residue and remainder
of my property of every kind and description (including lapsed
legacies and devises), wherever situate and whether acquired
befoI'e or after the execution of this WH1, to PNC BANK, N.A. as
Trustee under that certain Trust Agreement between myself as
Settlor and PNC BANK, N.A. as Trustee executed prior to the
execution of this Will on December 13, 1993. My Trustee shall
add the property bequeathed and devised by this Item to the
principal of the above Trust and shall hold, administer and
distribute the property in accordance with the provisions of the
Trust Agreement, including any amendments thereto made before my
death.
.ITEM '(
Alternate Provision to Incorporate Trust bv Reference if
Pour-Over is Invalid. In the event for any reason the bequest
and devise above is ineffective and invalid, then I hereby give,
devise and bequeath the rest, residue and remainder of my
property of every kind and description (including lapsed legacies
and devises), wherever si t.uate and whether acquired before 0],'
after the execution of this Will, to PNC BANK, N.A. as Trustee to
be held, administered and distributed in accordance with the
provisions of that certain Trust Agreement between myself as
Settlor and PNC BANK, N.A. as Trustee executed prior to the
execution of this Will on December 13, 1993, which Trust
Agreement is hereby incorporated by reference and made a part
hereof the same as if the entire Trust Agreement were set forth
herein. If for any reason PNC BANK, N.A. as is unable or
unwilling to serve then I hereby nominate, constitute, and
appoint as successor or substitute Trustee a bank or trust
company qualified to do business in the State of my domicile at
the time of my death, which successor or substi tute 'I'rustee shall
be designated in a written instrument filed with the court having
2
jurisdiction over th~ probate of my estate and signed by my
husband or if he fails to act signed by or on Dehalf of my oldest
living chUd or if he or she faUs to act, by the court having
jurisdiction over the probate of my estate.
.ITEM....Yl
&Imina the Rersonal Representative. Personal ReoresE/ntative
Succession. Personal Reprasentative's Feea and Other Matt~.
The provisJ,ons for naming the Personal Representative, Personal
Representative succession, Personal Representative's fees and
other matters are set forth below:
(1) Namin~1be Corporate Persona1~esentative. I hereby
nominate, constitute, and appoint aEl Personal Representative of
this my Last Will and Testament PNC BANK, N.A. and direct that it
shall serve without bond.
(2) ~pa Cor~orA~ucce~80r or Substitute Personal
Representative. Except as otherwise provided herein, if PNC
BANK, N.A. or any successor as herein defined should faU to
qualify as Personal Representative hereunder, or for any reason
should ceasa to act in such capacity, the successor or substitute
corporate Personal Representative shall be some other bank or
trust company qualified to do business in the State of my
domicile at the time of my death, which successor or substitute
shall be designated
(3) fee Schedule for Corporate Personal Representative.
For its services as Personal Representative, the corporate
Personal Repreeentative shall receive an amount determined by its
Standard Fee Schedule in effect and applicable at the time of the
performance of such services. If no such schedule shall be in
effect at that time, It shall be entitled to reasonable
compensation for the services rendered.
(4) ~hanae in Corpgrate Fiduciary. Any corporate successor
to the trust business of the corporate fiduciary designated
herein or at any time acting hereunder shall succeed to the
capacity of its predecessor without conveyance or transfer.
ITEM ..Yli
~inition_of Personal Representative. Whenever the word
"Personal Representative" or any modifying or substituted pronoun
therefor is used in this my Will, such words and respective
pronouns shall include both the singular and the plural, the
masculine, feminine and neuter gender thereof, and shall apply
equally to the Personal Representative named herein and to any
successor or substit.ute Personal Representative acting hereunder,
and such successor or substitute Personal Representative shall
3
possess all the rights, powers and duties, authority and
responsibility conferred upon the Personal Representative
originally named herein.
ITEM VII I.
Powers for Pe~ona~-F~Bentative, By way of illustration
and not of limitation and in addition to any inherent, implied or
statutory powers granted to Personal Representatives generally,
my Personal Representative is specifically authorized and
empowered with respect to any property, real or personal, at any
time held under any provision of this my Wi 11: to allot,
allocate between principal and income, asslgn, borrow, buy, care
for, collect, compromise claims, contract wlth respect to,
continue any business of mine, convey, convert, deal with,
dispose of, enter into, exchange, hold, improve, incorporate any
business of mine, invest, lease, manage, mortgage, grant and
exercise options with respect to, take possession of, pledge,
receive, release, repair', sell, sue for, to make distributions or
divisions in cash or in kind or partly in each without regard to
the income tax basis of such asset, and in general, to exercise
all the powers in the management of my Estate which any
individual could exercise in the management of similar property
owned in his or her own right, upon such terms and conditions as
to my Personal Representative may seem best, and to execute and
deliver any and all instruments and to do all acts which my
Personal Representative may deem proper or necessary to carry out
the purposes of this my Will, without being 11mi ted in any way by
the specific grants of power made, and without the necessity of a
court order.
ITj!:M IX
!:!.i.!l.9retion~l!nted to,_Personal Rl2ill:'esentati v~ Reference
to Tax Matters. My Personal Representative as the fiduciary of
my estate shall have the discretion, but shall not be required
when allocating receipts of my estate between income and
principal, to make adjustments in the rights of any
benefit~iaries, or among the principal and income accounts to
compensate for the consequences of any tax decision or election,
or of any investment or administrative declsion, that my Personal
Representative believes has had the effect, dlrectly or
indirectly, of preferring one beneficiary or group of
beneficiaries over others; provided, however, my Personal
Representative shall not exercise its discretion in a manner
which would cause the loss or reduction of the marital deduction
as may be herein provided, In d9termining the state or federal
estate and income tax liabilities of my estate, my Personal
Representative shall have discretion to select the valuation date
and to determine whether any or all of the allowable
administration expenses in my estate shall be used as state or
federal estate tax deductions or as state or federal income tax
4
"
deductions and shall have the discretion to file a joint income
tax return with my wife.
ITEM X
Definition oUords Relat1!l9... to the Internal Revenue Code.
As used herein, the words "gross estate," "adjusted gross
estate," "taxable estate," "unified credit," "state death tax
credit," "maximum marital deduction," "marital deduction,"
"pass," and any other word or words which from the context in
which it or they are used refer to the Internal Revenue Code
shall have the same meaning as such words have for the purposes
of applying the Internal Revenue Code to my estate. For purposes
of this Will, my "ava1lable generation-skIpping transfer
exemption" means the generatlon-skipping transfer tax exemption
provided in section 2631 of the Inter.nal Revenue Code of 1986, as
amended, in effect at the time of my death reduced by the
aggregate of (1) the amount, if any, of my exemption allocated to
lifetime transfers of mine by me or by operation of law, and (2)
the amount, if any, I have specifically allocated to other
property of my gross estate for federal estate tax purposes. For
purposes of this Will if at the time of my death I have made
gifts with an inclus10n ratio of greater than zero for which the
gift tax return due date has not expired (including extensions)
and I have not yet filed a return, 1t shall be deemed that my
generation-skipping transfer exemption has been allocated to
these transfers to the extent necessary (and possible) to exempt
the transfer(s) 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 amended to
the date of my death.
I'l'EM XI
Simultaneous Death Provision presumina Beneficiarv
Predeceases Testatri~. If any beneficiary and I should die under
such cLrcumstances as would make It doubtful whether the
beneficiary or I died first, then it shall be conclusively
presumed for the purposes of this Will that the beneficiary
predeceased me.
Testimonium Cl~uBe. IN WITNESS WHEREOF, I have hereunto set
my hand and affixed my seal this 13th day of December, 1993.
{(U(IIi') /(, II/II t
AUDREY F. WENGERT
(SEAL)
5
I,') -/("'), -,,;,{ ('/
"'V',,'),, ""IH'I INHERITANCE TAX RETURN rOR DATES OF DEATH AF'TER 12/31/91
. CHECK HI,RE IF A SPOUSAL ...
RESIDENT DECEDENT ,,<?vEflTY_(;Rl:lJl!_I,'5.c::,~~~plL___..,_,_,
'O"''''ONWfAl''''''''[NNOYLV^,''^ (TO BE FilED IN DUPLICATE r1LEllUMBER
OUWnMlONT[ll. RfVUll)l ~;1 1997 OJ~4
HA"",,~0~~,~~:~';:"'''''UI WITH REGISTER OF WillS) ""UNT\' U)[)l' YEAH NUMBEH
=~~~r:U~~~~S:Ef'.RST' ':~~::)~~~IA~;:;JI'~)^ 11 (IF liil\11 I ~-~;~:{~{I~~~;~~~[~:E::~~C='='===
DECEDENT
162-36-7525 02 07 97__, 08L!,U190_L C-","-~lly CUMBERlAND
H,,';",' ANOA""O/'L~ 1~:TiALI' nUs', ~lSOCIAL~'EC~RITY NUMBER I AMOUNT AECEIVED (SE~~NSTAUCTION'S)
1. Original RelUtn ~ SlJppllUllltlllal Hlllllrn ~rnalndOl Rotlll"
(1M (lale~nl duthpllnl llJ 12-13-82)
14, Net Vahw Subject 10 Tax (L1na 12 minus Lille 13)
15. Spnusal Tn,nslers (lor datu 01 duth alter 6M~OM941, ~'Otl
Instrucllons lor Applicable P,rcllnlagllun "/IDe 2. (Include
vl.luulromScheduleKor SchedulflM.)
16. Amount 01 LIne 14 taxable at 6'% rate
(Include values from Schedule K or SctlOdulo M.)
17, Amount 01 LIne 14 laKable at 150;0 rule
(Include values irom Schedule K or Schedule M,)
1B, Principal lax due (Add lax Ircm Lines 15, 16 and 17,)
19, Credlls Spousal Poverty Credit Prior Payments Discount Interest
+ ll,875.00+__625..QQ.-_,__ (19)
20, If Une 19 Is reater than Uno 18, anler the dlfle1enr:e on line 20, This Is ttle OVERPAYMENT. (20)
k Cho.k hetelt you are requesting II refund ., your overpayment I
21. If lIna 18 is grealer Ihan lIno 19, onter tho difloronco all Lilla 21 Thl~ iflll1a TAX DUE.
A. EIlIor Ihe inturos! on HlO balanco CillO on LirlB 21A
B. Enter the 101al 01 Lino 21 and ~!1A on L1no 2'IB TIllS is 010 BALANCE DUE.
Make Check Payable 10: Reglsler 01 Wills, Agelll
IT4iiilili,:""",,"i..., . ......... BE SURE TO ANSWER ALL QUESTIONS ON PAGE 2 AND TO RECHECK MATH" ..
Onder penalllas oj perjury, I declare Ihat 1118'010 eX8fllllled this rutUln, includinq accornpanYlIlg sctlOdulu9 and stalornorl1s, and to tile boat 01 my knowledgo -
8n ellel, U Is true, correct and complete, I declaro 111ft! all roul ostn!o IHlS buiJn loporlfJd atliuu IlHlfkfJ! valuo. Doclmallon 01 preplHor othor than tho pOlsonnl
r ro. ntFlllvB is b lnlormall~n 01 whIch propafOr has MY knowlodqo.
S G T,UAE OF PfltSON R O!:j ~OL , (l.R rtL)jlG H7;?n.N ADDR[SS
'--!J. ' 7 tic( ~ See Schedule attached
S NATU! .OF f'REPARER rHER TtiAN ~l[flREstNTAT!Vt A{lDf1[S,<,
CHECK
APPRO-
PRIATE
BLOCKS
CORRES-
PONDENT
RECAP IT -
ULATION
TAX
COMPUTA-
TION
o 4. Umited EShUe 0 40 FUluro Intrmltll COlllplOrllino
(fol dCllwl 01 dotltl1 Clllm 12-12-132)
[B 6, Docadent Dlod Toslato g] 7 Docodollt MOill!oinod n Livlnq THI!-lt
(Anach copy 01 Will) (Attach copy of Tlun!)
AU. CORRESPONDEBCE AND, CONFIDEtfTlA,L TAX ItIFO~M^TION SHOULD BE DlflECTED TO:
NAME COMPLETE MAILING ADDAESS
,MARIA A. TOMPKINS, TRUsr OFFICER PNC BANK, N.A.
TELEPHONE NUMBEA 1',0. BOX 308, MECHANICSBURG
1-717-691-4079 CAMP HILL PA 17001-0308
1, Aeal Eslale (Schedule A) ( 1 ) None
2, Slacks alld Bonds (Schedule B) ( 2 ) None
3, Closely Hold SlocklPsrtne"olp Inleresl (Sch, C) (3) None
4, Mortgeges and Nole' Aocolvablo (Schedule D) (4 ), None
5, Cash, Bank Deposil' & Miscellaneoll' POI,onal (5) 4,424.05
PropeF1y (Schedule E)
6, Jolnlly Owned PropeF1y (Schedule F)
'/, Transfers (Schedule G) (SCllOdulo L)
8. lotal Gross Assets (total Unes 1 ~ 7)
g, Funeral EKpenses, Admlnlstrallve Costs.
Mlscellanoou, Expenses (Schedule H)
10, Dobis, MoF1gago Liabllllles, Liens (Schedlll. I)
11, TCTal Deducllons (10101 Lines 9 & '10)
12, Nel Vellle cl Esl.le (Line 6 minus Line 11)
13. Charitable and Governmental Bequests (Schedule J)
D 5, Foderal Elilato Tax Rolunl Roqulrod
o a rotal Nurnbnr 01 Sello DtlPO!1I1 Boxml
( 6)
(7 )
None
281,068.61
285,492.66
(6 )
(9 )
9 ,356.75
(10)
13,850.61
23,207.36
262,285.30
None
(11)
(12)
(13)
(14)
262,285.30
(15)
K
"
(10)
262,285,30 K .06
15tJ37.12
(17)
0,00 X ,15
0.00
..--
.
(16)
15,737.!~
12 , 500 . 00
(21)
121A)
(218)
3,237.12
0,00
~3'i,12
DATf I
/,,/:;:/'i'1
llAl[
PA16001 NTF MilO
P.O. BOX 308, MECHANICSBURG
CAMP HILL, PA 17001-0308
CopYright Fmn\s SotlWllre unly, 19\14 Nelco, 1111 N!14f'Aul'l
./
,/
LAST WILL AND TESTAMENT
OF
AUDREY F. WENGERT
Introduct.orv ClausE!.. I, AUDREY F. WENGERT, a res ident of
and domiciled in the city of Mechanicsburg, County of Cumberland
and commonwealth.of Pennsylvan.la, do hereby make, publish and
declare this to be my Last Will and Testament, hereby revoking
all Wills and Codicils at any time heretofore made by me.
I am married to STANLEY A. WENGERT.
I have four living children: STANLEY A. WENGERT, JR.,
WILLIAM H. WENGERT, JACQUELYN W. JENKINS, and CAROL W. GAETINO.
ITEM 1
Direction to Pay Debts. I direct that all my legally
enforceable debts, secured and unsecured, be paid as soon as
practicable after my death.
ITEM II
Direction to.Pav All Taxes from Residuary Estate. I direct
that all estate, inheritance, succession, death or similar taxes
(except generation-skipping tranpfer taxes) assessed with respect
to my estate herein disposed of,' or any part thereof, or on any
bequest or devise contained in this my Last Will (which term
wherever used hereln shall include any Codic.U hereto), or on any
insurance upon my life or on any property held jointly by me with
another or on any transfer made by me during my lifetime or on
any other property or .lnterests in property included in my estate
for such tax purposes be paid out of my residuary estate and
shall not be charged to or against any recipient, beneficiary,
transferee or owner of any such property or interests in property
included in my estate for such tax purposes. If my residuary
estate is inadequate to pay such taxes, they shall be paid from
the assets of the Trust.
I'rEM-Ill
~neral BeQuest of Personal and Househol~ffects. I give
and bequeath all my personal and household effects of every kind
including but not limited to furniture, appliances, furnishings,
pictures, silverware, china, glass, books, jewelry, wearing
apparel, boats, automobiles, and other vehicles, and all policies
of fire, burglary, property damage, and other insurance on or in
connection with the use of this property, to my husband, STANLEY
A. WENGERT, if he shall survive me. If my husband shall not
F1urvlve me, 1 give and bequeath all this property to my children
surviving me, in approximately equal shares; provlded, however,
the issue of a doceased child surviving mB shall take per stirpes
the share their parent would have taken had he or she survived
me. If my issuo do not agree to the division of tho propert.y
among themselves, my Personal Representative shall make such
divi~ion among them, the decision of my Personal Representative
to b6 in all respects binding upon my issue. If any beneficiary
hereunder is a minor, my Personal Representative may distribute
such minor's share to such minor or for such minor's use to any
person with whom such minor is residing or who has the care or
control of such ~lnor wlthout further responsibility and the
receipt of t.he person to whom it is dlstributed shall be a
complete discharge of my Personal Representative.
ITEM IV
Pour-Over Gif~_to Tru~tpe of Testatrl~~nter_Vivo~_~ust.
I give, devise and bequeath all the rest, residue and remainder
of my property of every kind and description (including lapsed
legacies and devises), wherever situate and whether acquired
before or after the execution of this Will, to PNC BANK, N.A. as
Trustee under that. certain Trust Agreement between myself as
Settlor and PNC BANK, N.A. as Trustee executed prior to the
execution of t.his Will on December 13, 1993. My Trustee shall
add the property bequeat.hed and devised by this Item to the
principal of the above Trust and shall hold, administer and
distribute the property in accordance with the provisions of the
Trust Agreement, including any amendments thereto made before my
death.
I 'tIll1....Y
Alternate Provision to Incorporate Trust ~~.erence if
Pour-Over is Invalid. In the event for any reason the bequest
and devise above is ineffective and invalid, then I hereby give,
devise and bequeath the rest, residue and remainder of my
property of every kind and description (including lapsed legacies
and devises), wherever sltuate and whether acquired before or
af.ter the execution of this Will, to PNC BANK, N.A. as Trustee to
be held, administered and distributed in accordance with the
provisions of that certain Trust Agreement between myself as
Settlor and PNC BANK, N.A. as Trustee executed prior to the
execution of this Will on December 13, 1993, which Trust
Agreement is hereby incorporated by reference and made a part
hereof the same as if the entire Trust Agreement were set forth
herein. If for any reason PNC BANK, N.A. as is unable or
unwilling to serve then I hereby nominate, constitute, and
appoint as successor or substitute Trustee a bank or trust
company qualified to do business in the State of my domicile at
the time of my death, which successor or substitute Trustee shall
be designated in a written inst.rument filed with the court having
2
/'
J
/
jurisdiction over the probate of my eslate and signed by my
husband or If he fails to act signed by or on behalf of my oldest
living child or if he or she fails to nct, by the court having
jurisdiction over the probate of my estate.
J 'rE~L.YI
N am.lng the -.!'-grJ, ona.LllJlM.QJl e nJ;.!!..t i v e L._!:.!!L!!.l?MLI{e ll9 s en!;At i ve
.success ionJ- Personal B.Q.Nosentati ve~JLf.!'HHL.1!illL..QJ:heJ: Matters.
The provlslons for naming the Personal Representative, Personal
Representative succession, Personal Representative's fees and
other matters .are set forth below:
(l) Nallli119_the C9..rporat!;lJersonll.i. RepresentatIvE).. I hereby
nominate, constitute, and appoint as Personal Representative of
this my Last Will and Testament PNC BANK, N.A. and direct that it
shall serve wlthout bond.
(2) Naminq ~prporate Successor Or Substitute Personal
Representati~~. Except as otherwise provided herein, If PNC
BANK, N.A. or any successor as herein defined should fail to
qualify as Per.sonal Representative hereunder, or for any reason
should cease to act In such capacIty, the successor or substitute
corporate Personal Representative shall be some other. bank or
trust company qualified to do business in the state of my
domicile at the tIme of my death, which successor or substitute
shall be designated
(3) Fee_SchedYJe for Corporate Personal Represent~tlve.
For its servlces as Personal Representative, the corporate
Personal Representative shall receive an amount determined by its
Standard Fee Schedule in effect and applicable at the tIme of the
performance of such servicea. If no such schedule shall be in
effect at that time, it shall be entitled to reasonable
compensation for the services rendered.
(4) gDal1ge in Corporate Fiduciary. Any corporate successor
to the trust business of the corporate fiduclary designated
herein or at any time acting hereunder shall succeed to the
capacity of its predecessor without conveyance or transfer.
ITEM VII
Definition of Perso_nal R~presentative. Whenever the word
"Personal Representative" or any modifying or substituted pronoun
therefor is used in this my Will, such words and respective
pronouns shall include both the singular and the plural, the
masculine, feminine and neuter gender thereof, and shall apply
equally to the Personal Representative named herein and to any
successor or substitute Personal Representative acting hereunder,
and such successor or substitute Personal Representative shall
3
,II'"
possess all the rlghts, powers and duties, authority and
responsibility conferred upon the Personal Representative
origlnally named hereln.
.ITEM VII r
!'.owerfLJ..QhJ~J;.!!pni!.t_Repre8e!l1...a..u.vt;!. By way of illustration
and riot of limitation and in addition to any inherent, implied or
statutory powers granted to Personal Representatives generally,
my Personal Representative is speCifically authorized and
empowered with respect to any property, real or personal, at any
time held under a~y provision of this my Will: to allot,
allocate betwe.n principal and income, assign, borrow, buy, care
for, collect, compromise claims, contract with respect to,
continue any business of mine, convey, convert, ~~al with,
dispose of, enter into, exchange, hold, improve, .ncorporate any
business of mine, invest, lease, manage, mortgage, grant and
exercise options with respect to, take possession of, pledge,
receive, release, repair, sell, suo for, to make distributions or
divisions in cash or in kind or partly in each without regard to
the income tax basis of such assot, and In general, to exercise
all the powers in the management of my Estate which any
individual could exerclse in the management of similar property
owned in his or her own right, upon such terms and conditions as
to my Personal Representative may seem best, and to execute and
deliver any and all instruments and to do all acts which my
Personal Representative may deem proper or necessary to carry out
the purposes of this my Will, wHhollt being limited in any way by
the specific grants of power made, and without the necessity of a
court order.
ITEM IX.
p'isqretioll-Grante9 to Personal Representativ~ in R~ference
~o Tax Matters. My Personal Representative as the fiduciary of
my estate shall have the discretion, but shall not be required
when allocating receipts of my estate between income and
principal, to make adjustments in the rights of any
beneficiaries, or among the principal and income accounts to
compensate for the consequences of any tax decision or election,
or of any investment or administrative decision, that my Personal
Representative believes has had the effect, directly or
Indirectly, of preferring one beneficiary or group of
beneficiaries over others; provided, however, my Personal
Representative shall not exercise its discretion in a manner
which would cause the loss or reduction of the marital deduction
as may be herein provided. In determining the state or federal
estate and income tax liabilities of my estate, my Personal
Representative shall have discretion to select the valuation date
and to determine whether any or all. of the allowable
administration expenses In my estate shall be used as state or
federal estate tax deductlons or as state or federal income tax
4
/"
deductions and shall have the discretion to fila. joint income
tax return with my wife.
ITEI1..l\.
pafin!tion of Worq!!.J~!iJMting to the Internal HevenuE:! Code.
As used hereln, the words "gross estate," "adjusted gross
estate," "taxable estate," "unIfIed credit," "state death tax
credlt," "maximum marItal deduction," "marItal deduction,"
"pass," and any other word or words whlch from the context in
which It or they .are used refer to the Internal Revenue Code
shall have the same meaning as such words have for the purposes
of applying the Internal Revenue Code to my estate. For purposGs
of this Will, my "available generation-skipping transfer
exemption" means the generation-skipp Lng transfer tax exemption
provided in section 2631 of the Internal Revenue Code of 1986, as
amended, in effect at the tlme of my death reduced by the
aggregate of (1) the amount, if any, of my exemption allocated to
lifetime transfers of mine by me or by operation of law, and (2)
the amount, if any, 1 have speclfically allocated to other
property of my gross estate for federal estate tax purposes. For
purposes of this Will if at the time of my death I have made
gifts with an lnclusion ratio of greater than zero for which the
gift tax return due date has not expired (including extensions)
and I have not yet filed a return, it shall be deemed that my
generation-skipping transfer exemption has been allocated to
these transfers to the extent necessary (and possible) to exempt
the transfer(s) 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 amended to
the date of my death.
ITEM XI
Simultaneous Peath Provision Presuminq Benefic!Jl~
Pr~ceaBes Testatri~. If any beneficiary and I should die under
such circumstances as would make it doubtful whether the
beneficiary or I died first, then it shall be conclusively
presumed for the purposes of thls Wlll that the beneficiary
predeceased me.
Testimonium Clause. IN WITNESS WHEREOF, I have hereunto set
my hand and affixed my seal thls 13th day of December, 1993.
a;,(IWf Itli''1IIJ1-t
AUDREY F. WENGERT
(SEAL)
5
'I'!\U~J'l: J\\.IBJLItMtU'lT
. ;Jltr.!:.<,>cJ\H,.\;.qJ;YGJ~IJI\!!' 'I'hlll Agreement mnde LhlPJ 13th dllY of
11"""mbI1l:, 1993, I",twe"n Alldrny 1'. Wflngnrt, hereInafter roflHrlld
I". ,,,,, the Rnttlor /1nd PNC flANK, N,A" hernlnllf.tnr l:efnrr<:l\d to IlA
III" 'l'rufH.Iel'l.
fll\'!'lqJIL 1.
PJI!!.c;rl.pl;.~Q!LoL.I~um".r1Y_Tr/l.n!3.t.QP;Q(,I. 't'hn Aet tlor has paId
,,'''''', IIAfl I grlfHI , granted, conveyed, tJ:'anFJfnn:ecl /1nd delIvered, /lnd
I,v IhIIl Agroement doeR hel:ehy pay over, assIgn, grant, convey,
11I'!lAter /lnd deUvor unto the 'J'nlstee the property described in
f1,'I,,,dule A, annexed hereto nncl mad\;' a pnrt. hereof, nnd has caused
'" will C/lllAn the 'l'rllAten to be designated as benefIcIary of
"..,',e Ufo J nFlIIl:anco pollcle8 descJ:'ibed In Schedule A, annexed
\I'" "to lInd made /1 pnrt heroof. These IrlflllJ:'ance polielefl, and any
"I ''',r InFlur:/lnce pollcles that may be delIvered to t.he 'I'rustee
IIr""lunder: or under whlch the Trustee may be desIgnated as
""""lflclary, the pl:ocAedA of 1111 such policles beIng payable to
'II" Tr.Ulltne, and any other property that m/lY be J:'ecelved or which
\I"" been rAcAlvp.d by thp. 'l'rllstee heJ:'etrnder, as InveFlt.ed and
,,,Invested (hereInllftor referred to aR the "Trust Estate"), shall
I'" held, ndmInisterod and dIlltributed by the TrUIll:ee aB
h",p.Inafter I'll'll: forth.
8B.r.J.f;L.L..il
B.19.h1.!L.Q.L.Itett!Qr and 'l'J:'lI.ste!LJ.n.....J.illlurance Polj,S;;.!..E!!!. During
II,,, Settlor's lifetlmo, the Settlor shall have all J:'ights under
nllV life Insurance pollcIes payable to the 'I'rustee, includIng the
,Iqht to change the beneficlary, to recelve any dIvidends or
,,' her earnings of such pol.lc.les wlthout accountabll.lty therefor
I" t.he 'rrustee or Any beneficIary hereunder, and may assign any
1'''llcies t.o any lender, including the Trustee, as security for
nllV loan to the Settlor or any other person, and the Trustee
R\lnll have no responslblllty with r.espect to any pol.lcles, for
II.A payment of premlumll or otherwise, except to hold any policies
,"ceived by the Trustee In safekeeping and to delIver them upon
11'8 Settlor's wrltten request and upon t.he payment to the Trustee
nf roasonable compensatIon foJ:' services. The rights of any
n~Aignee of any pollcy shall be superior to the rights of the
'1'.lnstee. If any policy Is surrendered or if the beneficlary of
nllY policy is changed, this tru.''lt shall be revoked with respect
I" such polIcy. However, no J:'evocatlon of the trust wIth respoct
I', any pollcy, whether pursllanl: to the provisions of the
1"Rceding sentence or otherwlse, shall be effective unless the
nllrrender. or change In beneficiary of the policy is accepted by
IIIR insurance company, Upon the death of the lnsured under any
I'''licy held by or known to, and payable t.o, the Trustee, or upon
..'.-,
....v t".j..II~J', . ~~..~tr't.~~ I '.:"11lt,''''''.,j. ~tl\~l ~ ~, .,., ,J""
,', ' 11, 'I.: , .' " \...,' ,~ ,iI I .' ' ."..... ,..,' , . .....:."."
\ I' . _. ..' '. '~I ..1l.1
. . '
. '.. . ~ . .
.'
~. ...'
4 ",',l,r,
'".~.. 'll..,
it'
~ "
:l'
t"_llf' (-)C:(~lIt-rnncn of !1nmn nVfHlt prIot' to t.hn dtH.th D( tho Sot-.tlol:'
f~",'1'- Ol",t;tH'OA' (\ny nuch pollpy, Ulfl 'J'r\lAt.no, In ltn dtf1Cl~otlol1,
nil "'11' Illny (~01l",,1. t.ho not. pn",oodA nml hold t.hom 1H1 pnrt. of tho
p,I'1f:ipnl elf Clln 'l'!'lInt r;;Ht.ntn, nt' mllY f1Xf'llT:lnn nllY npt.lollnl
IlIntlllHt nf RPtLlflll\f11l1 nvnllnhln 1.0 IL, nnd t.hn. 'Prtlntr'lp, nhr\11
<lollvOl: ,"'V 'Hillr:lon on 1110 :ioltlol"n tiff] 11"ld hI' 1\: nnd pnynbJn
In .\111' ot.l1o,' lw,nnll"I,11'lof1 /In UlnRo hnnoflr,IM'.lofl fltllY dl,.o"t..
l'1l\'lllnnt to, lllld thl"! t'~('{1lpL of, tho 'l'nlALnn !1hnJl ho 11 full
<l1"'.h''''go or Iho lInbll.l.ty of nilI' Inf1111I1ltr,n "ompnny, \'Ihl"h nOAd
nn' In),,., 1101.1<", of tiliA I1ql'onmr'lI\. [Jr' I"HI 10 Lho I1ppl.lc,1\.lon of
""V pnYIll'1nl, '1'11'1 'l'I'IIAl.oo nood nol. ongn(1o In lltlqlll..lon 1.0
"111"'."0 pnvmonl. of Ilny pollcy Hll.l1out Indol1lnlflCI1Uon
'wllnfllctrny 1.0 .11 fOl' I1ny UtRllltlng OXPOI\RRR.
^Wl'IJ~l!E.UJ
En) VJ!ll ",nILt.., L:,.fJ!'!J LtqI_ZlJ.1,L'i~!;,U g.r:..'J3_J! \!~h{IJl(LR.t1j:"JJ)g
So\.LI()~"-'.(iLJ.,iJ.'i!.~JIQ!L 'I'I,,~ 'l'l:\lstoe shall hold, m/lnage, Invest Ilnd
l.r,llIv'lFlt Llle 'I'ruRt [o;stl1te (If /lny requlreR Auch manllqement: and
I ,,""st:mollt) I1nd shnll eollRet tI\R Income, !.f I1n\" therefrom and
nIl" II dl RpOFlO of thl'! net I ncomo IInd prlnclplll liS followR:
( 1 )
Iln\' 1'0 Ot'
f I f,11l t:h t ~
l111rl119 I.hl'l .1lfAUmA of I.hR Settlor, the 'J'rusl:ee shall
npply for thR henorlt of the SoL\.lor 1111 the net Income
'f'runt.
(2) 1!I'r.lllg I.ho llfet:illl8 of thR Settior, thR Tr.uRtoe rnllY pay
I (j ",. Ilpply for I.ho benefJ.t of the Settlor Auch sums from the
",.I""IPlll of thIs 'rruFlt 111;1 in Its sole diAcretlon shall be
"''''''nAary or Ildv.IRl1bJo from tIme to time for the mediclll Cal"e,
o<lIl'.'1tlon, Rupport Ilnd malntenl1nce In reilAOl1ilble comfort of the
noli lot', lCl1klng Into conslderation to the extont the 'rruAtee
dO"'"11 I1dviRab18, nny othor Income or r:esourC8S of the Settlor
kflflUI\ to the 'rrustee.
(3) In the evont thnt \.he Set\.lor Is ndjudlcilted \.0 be
j """mpetont or .1 n tht' ,went thl1t th8 Settlor Is not ndjudlcated
11l""mpetent, but by renson of Illness or mental or physical
rlI~"hl.llty Is, In tho oplnlon of the Trustee, unable to properly
ltl11,dle Lt'R 8el.tlor'R own nffl1IrR, then and In that event the
'!'I'''OUte may dUl.'lng the Sottlor's lIfAtime, In adcUt.lon to the
p"I'",nntR of Incol1le and prl!lClpnl for thA benefIt of Lhe Settlor,
pAl' 1:0 or apply for the benef I I'. of tll" Sottlor' s husbEllld, Stanley
A, H0ngert, Auch sums from the net Incom" I1nd from the principal
III lids 1'rust as In Its Role discretion shall bR necessary or
"dv i 8able from tIme to I. ime for the fltRdlcal caro and support of
tit,., r1ottlor's husbflnd, tak.lng Into consideration to the extent
tit" 'I'rustee deems adv IRnb1e, any other 1ncol1le or resources of the
11(111 lor' 8 husband knoHn to thR 'I'rustee.
2
":"":'!\'1..--
'"',,,:
""'C ...,
~i~.I.;'
,
A!!l'U;I,JenlV
S~J;J,J,\?L'~>lHtg 11t.l1.tO.. !\I1!f? llil , GUIIJ\go.. <}r BOY(*(LtIH~'rJ;.\\fl.t_
Mllnnffif;lDJ;. 'rho Rot.t.ID" m/lY, by R.19nod In"t.l'llmnnt.s dnllvnred 1.0
tllo 'I'nlf~t.f'''' dlll.tnq thn ~lntt:IDt"A i I fn: (1) wlt.lld"lIw Ill:opnrt.y from
t'htl1 'flr11nt In "flV 11l1H1\ltll' (lnd nt' /1TlY Llml1 'Ipntl qtvlllq ,-o"nn"nhln
nfl! I,'f') III \'Il'ftlnq In 'lip 'l'rllnt.no; (~) nrld 111Ilf"- prnJH"ll'ly l.n I.lIn
'I"""t; (.1) "III'"qn IlIn hnrwflcllll-Iofj, tlloll. """l'ocUvo nllllrnA IInd
th" 11IIIn Df dIRU-tblllloll; (4) /l1I18nd t.lltA '1'1'11"1. IIql:r,..?mrmt. In /lny
"III"" rnRW'"t.; (r;) n1Vokn thlA ')'ruAt In It.A nnt.l'nty or nny
1"""iAloll Ih"'1"<,ln; pl"IlVldod, hnwnvnr, Ihel duttOA 0':
""'I'lIlHllb!llt.loFl of 1.1\" 'l'l'Il!~t."n "hill] 1I0t. 1m onl/ll'lll"d wlt.llout. t.he
'1""'''.l''fl'n "on"Ant. liar 1111.lIout. fl/lttflf/lct.OI'y ndJu"t.mollt. of tllo
'1', ll"II'ne I R {'f)lllJH=-nn,1t t nil,
ilH'I'ICI&_Y
Q!_s c r.~j~l9Jl!!!:YJ)L()Y..Ls.j, 0 IHLJ:QX Tru s l&e t.o..J)~JIJ.~WLt:lL 1;1 eJ;J; 1 0 !:.'.!!
I~R I:l1l:e__~!l(L f'lfll>'LJ'aY.IT1!mt..<:J.L!2QQts..../lD.<:LTlllt9J'l' IIftflr the Set. tlor' fl
dpnllt, tile 'I'rllsteo,t f in Its dIscretIon It deems It IIdvl RabIe,
mnv pay all or any part. of the Settlor'R funeral expollRe",
launlly enforceAble cl1l1m8 llgnIlIst. the Bottlor or t.he Settlor's
oqlnh" rA/lflOnnblp 8Xpl"nReS of admInIRt.ratJon of the Sett:lor'R
",,'nle, any IIllowllnceR hy cOllrt order to those depondent upon the
S"II lor, IHIY A8tate, Inlwrltllnce, sllccess.lon, death or fllmIlar
ISH"" paYllhle by rAason of the Settlor'R death, together wIth any
11\1 "':"st thorc80n or othor addU.lons thereto, wIthout
,."llIlhllrsernont from tho Rettlor'A perRonlll representatIves, from
nnl' IIFmef.lclilry oftl","r:anco upon the Settlor's lIfo, or from I\ny
ql.i,",. person. TIll nuch payments, except of Interest, Rhall be
"I"" 'led generally ngalnflt thp. prlnclplll of the Tr:ust. ERtate
I,wl"dable .I.n the Settlor's estate for Federal estate t.l\X
1"" 1"'Res 11I\d any IntF','oRt so pnld shall be charged gF'nerally
ngnll1At tho I nCOIT'" thereof i pro\f hied, however, Ilny !lllch payments
of ".tat.e, lnherllnnce, Rllccesslon, cleath or similar taxe!l shall
I'" '.h/lrged against the prIncIpal consl.JtutJ.ng ... and any
.11I1"n~st RO paId shall be charged against the l.ncome thflr.eof.
Tho 'Prllstee may milke slIch payments dIrectly or. may pay over the
"m'''"lts ther:eof to the personal represAntatl.ves of the Settlor' 5
PRlnte. Wrl.tten stnt.ementA by the personal representatives of
>1",'1t ."UmR due ami pnyahle hy t1w estate shall be sufficient
I"vl<lnnce of their ilmollnt ilnd propriety for the protection of the
1'rllol.ee nnd the Trllstee shal] be under no duty to !lee t.o the
npl'llcation of any such pilyments. The 'rruslee shall pay over to
tho I'ersonal representntJve!l of the Settlor's estato all
ohllqiltIons of the UnlterJ States Government. held hereunder whlch
mny lie redeemed at. pilr. l.n payment of federal estate taxes,
3
~.-
,',: ":.-,..,
"',:,,!,,~- "Ii~
."~.~,,,.
.1b.... ',"
-_A1!F1 ,1111'1 '1' ltt,'f't/I".,. I l'lrJiv:n....II........\..! ': ."l""~'\,
:"'\"'f.'!~.."M\~ oJ' .~, ., I ,I ., ,.~j,," '. . l~(\/~' 9fp.' , I' .
~ '\', . '!,I'" ~. ->, t.. ~',' \ q ,~" >.l. .' '. 1 \
,
. ..' .
""",VI
'i\.'.
'iu :f
All'!.' U;J,.ILYIc
Upon tllo ,icnlll "r I II" HoIUm', Iho 'I'n1l1tnn nltnU t1lvld... the
'I', II'1L r:ntlll.n (whlclt "IInll In"I\ldn I1ny prop'H:ty wltlch mny bo ntlded
l"'lll t.ho finLt:lnl,jn !J(lllf'l'nl pnLnto) flR fnl1nwRl
( .1) ~;~:!wJ,JOl1 ot 'l'rtlAtAnn(ITruflt.. U. If thl'! Sottlor lFl
"'" vlvod hy tho [;nl.U,,,.'o htlo"lInd, fltol110Y ^, Wongnrt, tltn
'l'lI'AtO'" "IInll <lIvid" Ill" 'l'r\lAI EAtlltn Into 'I'wo (2) ""p/lr/lte
"II""Ga, IIArfllnnft"I' d"Rlqnl1lnd IIR "'I'nIRt ^" and '''rrtlst n," 'Prust
~ ,,111111 hn ,:o,"po",,<I of "l1nll, ';(1"'ll'tt.I.n" or other propOl:ty of the
T'"'1t EFltnl.n (\lI1<1lml11I'1I1nd hy IIny on 1.11 1.0 , Inh/1!:ltnnce,
nll'.':0I1Fllo11, drJIll.h "I' I1lm11111. t.I\XnR) hllvlnq II vlllul'l nqu,11 to tile
1llf,"lmtlm n1l11'11.1\.1 <InducUon IIR Unnl1y r1ntormlned In the 81""etlor's
[p,lnrfll '1RI.l1tn LAX procl'"rllnqn, leRs tltn "ggrl'lgl1to I1mount of
,"n, Ital dGrl\lcllol1A, If "ny, I1Uowed for Rtlclt AFltnLCl t.nx purposes
I,\, ,'"nFlon nf propl'rty ot'l nt.nr.l'lFltFl In propm,ty pngFllng or whIch
hn"" p~FlSPrl to thn Sl'lttlol"Fl hUAband O\.hCll:wlse t1ll1n purRIlntit ta
I"~ prov.l AI onn of th IA ^l't let e, pro v Ided, however, thn I1mount far
'I', ''''t ^ hl"n:nundAl' Ahllll he rnduced by the nmaunt, 1 f "ny, nneded
I" InCreflSl' the SettlOl"F1 taxnhle estatl' (for federal l'AI.l1tl' tax
1"" I"'S"R) 10 the largflFlt I1mount t1lflt, after Ill10\1.lnq fnt. the
",,!fIeri "1.',,<1 It: ng,1InFlt. the fed"ral ost"te tax, nnrl LIlA statn
'In'" h tax c\"edlt. aq"lnst such t"x (but only to the l'"tont thllt
I h" use of Bueh Atat('> dOllth tllX credIt dOl'n not lnCI'l'lIlRe the
dn"lh t.ax payablo Lo nny st"I.",), wJll l'l'sult In th", Flmallent(lf
"1>v) fedArll1 eFltl1tp I.llx hl"dng ImpoAnd on the Settlol"A estllte.
1111In term Ilnlo'ud.mum mllr.1.tnl cteductlon11 shall not be conAtTtlGd (lR a
,11,pet.lon hy thn Spttlor to l'xnrcIAl'l IIny eloetlon I.'l'Flpectlng the
dhtlll~tlon of f!Rtnto ndmtnJfltrnt.lon A'XppnSp.Rr tho determlnat.ion of
I"~ nAtate tnx v"lulIU on date, or any nthl'r tax nlectlon whIch
n,n\, be ava.llllble IIndl1l. nny tax lawFl, anI y in such manner' as wIll
,.nr<"lt In 11 l'1rgnr nllownble 8sl:.at" tax m"lCt.t.111 dl1ductlall than If
Ih" contrary eloctlon hnd been mnde. The '['ruste!e Flhall have the
Role, dIscr:Cltlon t.o select the "gSetFl whIch ghllll constItute Trust
~, In no event, however, Bhnll there be Included In thIS Trust ^
11111' nSRet. Ot. the proc"l'dn of allY "sset whIch wIll not qualIfy for
lJ,~ federal estat.o tllX mnrltal deductIon, and this TrUFlt ^ shall
hI"' ,.edueed to the extent that It cannot be created ~Iith such
'1"" II. fyI ng ilBsetFl, 'I'he 'I'rustee shall value any aFlFlet sCllected by
I.h~ Trustee for dIBL1:IhutIon In kind ilFl 1'1 part of 'l'rust. ^
11"" "lll1ller ilt the vlllue of Fluch assClt at thl' dllte of dlst.rlbutlon
of "Itch IlFlB"t. Tnlst ^ sh,,] 1 be admlnIstl'rl'd AS hArAlnllfter set
fr\1 I.h. 'I'runt [1 nh/ll1 bo thn b"]illlce of the 'I'rust Estate ilfter:
tll" nssetFl have b1"'811 Flo1ectAcI for 'I'rust ^,
f
I
(2) If the Settlor's husband shall not survIve the Settlor,
'l'rn"t B shall be the entIre 'I'rust Estate.
Trust ^ and 'I'rUFlt. B shall be admInIstered as hereInafter set
fn\ , h.
4
lIIi . ~~,
\. ~ "";>} . t'> ,_," "_Io'li'!II '
. ~\~!I~~ I ,'f~'l.n +""h'l'''''~~IJ \....' 1'1~~':'''t. ' , t,~',:l: "
,II" ,'1\"'4;', I O,t I I . ~': . . ,,,,,,.1..1 ~$,\)
'. ],"". .'\lrO.I\,......... ~..","',.,. I. ..~, I. ,'" \ ' ,~,\N
II'" f I ~ 'l\ '\ . ,.I,k' ~ \ , J " '1,
, ,I' ,. ., ,\ ' t ' ;, '\ I\~' '1 , " '. '....
..:
flI/'
"e.
~,..
,..
I r,.t~t t:\ v ~ ft"
II",,"'...........U,
'!I1I{lL}L.JJJ.I;I''1cJIIVI:ol'Y I'rovluiolL 'l'nIRt ^ nhn!1 \Jo hold,
nd'"1l1lFltm'od and rllFll.rlhutorl nR folloWRl
( ] ) PJ t:ElG.l;Jo/1. to. P/lY.l\J I. tnqoO\oJO!l\\/,lbgIJY, Common" I ng
wll" tho dnto of tho floI.Uo'.'f1 rlent/l, tho 'l'rIlFltAI' Rhnll PIlY to or
/l"Idy frn: tho \Jonoflt 01 the SOt.tlOl"f1 1l\IFI\Jllnd dllt:lnq hlA
11 '''I.lmo nl.l the IWt. Income fr:om 'I'rllst ^ 111 convonlont
t""'/lJJmol1tu bllt 110 IOUll f,.oqllently thnn qllllrtor./lnnll/llJy.
(2) JJX8.91'/3t;!l,>J)Ol:XJ'JIVffi9DI;ILClLI'Llns:Jp!lLJ)LTJ.'llfl!;\ULJ.oI:
IJr>""ClJ:-9LJJYlil,Jan<1. Tn /HId I tlon, tho 'I'rust.oe may pny to or Ilpply
I[Of I.ho \Jonnfl t of 1.118 Sr~ttlor' A hOAhllnrl F1l1ch sums from the
I" '"clpol of 'I'ruAt ^ OR In lts Role dlscretJon shall bf! necessary
or nrlvlsnble from tlmo to tlme for the medical care, nducation,
R''i'I'ort And mnintononco In reoAonable comfort of the Settlor's
""r:''',nd, t/lklng into conAldorlltlon to the extent the 'I'ruRtee
rtr>""'R adviFlnblo, nny othor Income or reAoot:ces of the Settlor's
iJ"r:I'"nd knOl<n to the 'I'ruAtee.
(3) !'..1~oYJEliqJL(Q!;_r;_9_1!lJ?.let;_e W.H.hd.rawQLIll'_lly!,tQJ!mJ, 7'he
11"lllor'lJ 11IIAband may at any tIme (and from tIme to time) during
lilf1 Ilfetimf'l withdraw all or nny part of the princIpal of Trust
^, 1,.,,,e of truAt, by dnllverlng an InAtrument in wr.'lting duly
nl 'J""d by hIm to the 'I'ruAtee, describing the property or portion
Ib'" nof des.l red to be Idthdrawn. Upon receIpt of such
111f1":ument, the Tnlstp-e shall thereupon convey and delIver to the
R'" I lor's hllsband, free of trust, the property described in such
ll1n' nlment.
(4) Powe...LiJLllusbClnd to Cause Nonpro_ducti ve Propertv to Be
~1nd" I;rod.\LcJ;.!ye. 'I'he Set tlor' s husband ",ay at any time by
",'j, len notJce, require the Trustee either to make any
Ilolli".oductive property of this trust productive or to convert
1'11,,11 nonproductive property to product.l ve property wl thln a
r,.,nnonable tIme,
(5) General Power of hQQointment in li~sband, Upon the
dAnll, of the Sett.lor's husband, the entire remaining principal of
7'n..'t A, together with any accrued and undIstributed income
t.l1RJ:ofrom, shall be paid over, conveyed and distributed to or in
t1:II<1I. for such appolntee or appoIntees (Including the estate of
till" RP-ttlor's husband), in slIch manner and in slIch proportions as
the Rettlor's husband may appoInt in and by the Last Will of the
S,.,ttlor's husband, making specific reference to the power of
appointment herein conferred upon him. In dlsposIng of Trust A,
the 'I'rustee shall be protected in relylng upon an lnstrument
admitted to probate In any jurisdiction as the Last Will of the
S",Ulnr's husband or In acting upon the assumption that the
Settlor's husband dled intestate in case the Trustee has no
,
1
:1.\
~
~
5
~.......__.,.....
.~ .....
."
'1- '
..'. "'.'
.. .
- ~_..._--_. .".-. -........-
IIllllce of tho ellJ"tnnc:(.p of n Wi tl of tho flettl,,!:'" IHIBbon,\ within
nix (6) mOllth/l oft",. tho dnoth of t.ho SoUlol"/l hllAbond.
( 6 ) IJQ ([Ill tic ,CI(lllnnLo l'oY.'!,(I!(lJ!I^tl~, Umt.!lJ.l).t!.. I.Q .Tr;\IH.t _l\_!l!l<\
))/1 IIIIHLl'!..JLV.9f..J&.. (J.~l, ',lpx.'. LI!1 S\J(LJnJ;;.....~I!J 1 ,_I~<L\'!Qr:.QL.IlJmpt Iltm!Hlt;uJ'l.9.t
l\/to"',:.A.seq. In dofoll)t of tho oxorr.lso of AllCh pOW", I: of
"1'I'ointment by t.ho Set.tlor' A hllAbllnd, 01'1 nAofllr OFl ony port of
""'.h '1'r.IISt Aholl not. "0 offo"Uvely oppolnted, then IIpon the
rI",,1 h of the Settlor"R hllRI.", nd, the Ant.lre l'emalninq pr.lnclpal of
'I', ",11: ^, or the port of Illlch tr.IlFlt not effectively appo.intnd,
nl1011 be dlAtl'ibllt.od Ml folloWAI
(II) If the RoLtlor'R hllRbllnr! hilS not F1pnclflclllly nxercIser!
ill" pownr of IIppointmonL to pay any port of Lhe oAt/lte,
A"':""ssIon, deoth or RImIJar tllxeFl osseBsed wiLh reBpect to the
nnA"Ls of TruBt ^, thon Lhe Trustee shall PllY Lo the personlll
""p'(.)sentnL.l.vAs of Lhe Settlor's hllsband'R estlltn for the
I'''''poses of paying slleil taxeR thfl IImount by which such Laxes
"A""ASed by reaRon of hIs deoth Rhall be increaRod OR 0 result of
'.il" InclusIon of thfl ORsets of 'l'rust ^ In ILls oatate for F1uct! tax
pl1fl'nSes,
(b) The balance of the prIncIpal of Trust ^ or all of the
Inlnr;IplIl of ~'rust. ^ If no amount is distrIbuted under
fHlilJlllragraph (a) shall be divided into equal shares flO as to
provIde Dne (1) share for each then living child of Lhe Settlor
/lfl" One (1) share for each deceased child of the Set.tlor who
Rhn II leave issue then living. The share provided for a living
child of the Settlor shall be distributed to such chlld. The
Blinn,! provIded for a deceased child of t.he Settlor who Rhall
In.,''/'! issue then lIvIng, shall be distrIbuted per F1t.lrpes to such
1. ~ ~ \I t~ .
^R'l'I!; L!LY.Lli
Trust B IntroductorvJro_vision. Trust B shall be held,
orimlnistered and distributed as follows:
(1) Dlvlsion into ShQres for Children. Upon the deat.h of
l:Ii", Rurvivor of the Settlor and the Settlor's husband, the
Trllntee shllll divlde this Trust as then constituted into equal
seporate shares 60 as to provide Dna (l) share for each then
Ilvlng child of the Settlor and One (ll share for each deceased
chi 1<1 of the Settlor who shall leave issue then living. Each
shllre shall be distributed or retained in trust as hereinafter
provided.
(2) Income/Discretionarv InvasIon of Principal fo~
~J].J J<1~'en. After di v 1 s ion Into shares for children, all the net
income from each share so provlded for a living child of the
Settlor shall be paid in convenient installments to or applied
for the benefit of the child until complete distribution of the
r.
,
6
-....
, ' . ! '
.'.
--_...
, ,
". '~'~I.'~I"" "'I~"''''-'I\' ,,,,~...,.tlIIiflItfltll!" "W'"'' '1"'''r,'....tJflt".........,.
nlinrn nn ho)',-lIn provldnd. 10 llddlt.loll tfl InC(1fHp, thn '!'I'UAt',r.,n mny
PIlY 10 nr IIpply (n,' llio hOllo(11 nl \.I", child Illlch n,"nn fn,m I.h"
princIpII) 01 htH nr' hOl' nhllr'" 1111 III 11." nnln dlllcn'lIon nhllll 110
nn"onsllry 01' d(!F1I.rllhl" Irnm lImo to Limo 10" hln 01' ho,' lTIodlclll
r',-,1-n, nducnt.ton, nuppol't. nnd mntnLnlll\IlCO 111 rnnnoflnhlo comfor.t,
t I1ldng Into (~onnldonlLlolI to Iho oKtoll1 tho 'I't'IIHl.nn dool1l"
/1dvIFlablo, /1I1Y olhol' IIICOl1l0 or: re"<Hll'ce" o( the dll.Jd kllown to
tho '1'1'\lnl.on.
(J) Plfl.t;rlbuU.oluJL.n <;hH<!'JLS!1PXQ. Aftor: dlvlnlon Into
IIh'\I:en fOI: chUdnHl, whf'n n child of tho flettlor nttalns the age
"I 'l'wenty-flvl'l (25) ynars, the 'I'runteo nhall dlstr.lbutn to the
"'1Ild ann-half (1/2) of tho princ.lpal of hIs or her shore as then
""IIF1tlt\ltod I IInd when a child of the Settlor nttlllns the age of:
'I'hlrty (30) yellrs, tho 'l'rustee flh/lll rHstrlbute to the chIld t.he
nndIBt.rlb\lted balance of hlfl 01' her share. If a chIld of the
nnt.tlor h/1F1 already attained /lge Twenty-fIve (25) or age ThIrty
(\0) /It the time thIs Trust Is dIvided Into separate F1hares, the
.,', IIst.ee shall, upon makIng the dIvIsion, distrIbute to the chIld
,,",,-half (1/2) 01: all of hlfl or her share respectIvely.
( 4 ) \InQII_..c.b.u.Q:JLJl.g.ltUL.t.Q.S11.11d~~L 1 s SU!!. After di v I s Ion
1111.0 shar:t'ls for r.hlldt:"n, upon the deat.h of 11 chIld of the
Anttlor prIor t.o complet.e dIst.ribut.lon of hls or her share, the
11IlIIlstrlbuted balance of the r.hlld's share shall be distributed
I,nr stIrpes to hIs or her t.hen lIving ISBue, or in default of
,,.,,,h issue, per stIrpes t.o t.he Settior's t.hen lIvlng Issue.
(5) Distribution oJ:. a DecealllKLChild' s Sh~re. Each share
nnt aside, upon dIvisIon Into shares, for a deceased chIld of the
!lnttlor who shall leave issue then llving, shall be dIstributed
1'0l:' stIrpes to such issue.
ARTICLE IX
:J,):'us tee Success Ion. 'rrus tee's Fees e.nd_ Ot.her Mat tel's. 'rhe
rrovislons for namIng t.he TruBtee, Trust.ee successlon, Trustee's
f~es and other matters are set forth below:
(1) Na~~Q%~rate Successor or Substitut~ Trustee.
~xcept. as otherwise provided hereIn, if PNC BANK, N.A. or any
",ucceesor as herein defined should fllll to qualify as Trustee
hereunder, or for any reason should cease to act In such
"npacity, the successor or substit.ute corporate Trustee shall be
lIome other bank or trust company qualifind to do buslness in the
At.ate of the Set.tlor's domicIle at the time of the Settlor's
rlp.ath, whlch Sllccessor or substitut.e shall be deslgnat.ed in a
written lnstrument flIed with the court having jurisdiction over
I.tlis Trust and sIgned by a majority of t.he adult beneficiaries of
thIS Trust, or if they fa 11 to act, by the court. hav ing
lurlsdlctlon over thIs Trust.
7
-
"
""'":1l;_J......~ ''''"'.''''''~'':rT"'''''''"r'''!l'r~,t~ft...."",~''''''lII~~..._
-
.. ...,....
. ,
.,...'(/11"".\' "~.",.tv,,. "'......~...t. 'll."'.....~ l""''''''''f!i'''Jf~.It.,~.
(2) stllndnrd rl'o Scliflduln for 'l'1.unt.(~n wlt.l) ~)pf!clnl
111 ()vJJ~_t~JI1 1'9 MJnJIIl\111I 1"(!C'. Vor l LA nnrvll~fln (H1 'l'rllnLpf), tho
'l'IIHltnn BII"I.1 I:ncntvn iln I\l1lot1n\ dnL~nnltl('d hy It".~ Ht.t\ndnrd FOR
1:,.11mlu]n In n((n,~t nnd ,'ppllcllbln Ilt I hn tlmn of Iho pnr.fOlemllnCn
f)( Iluch (H~I:vlcnA; pn1vldod, hoWnVOI", nil 'I"IAtA Ihnn belnq
",l1nlnlAtlHnd undor. till A 'I'nlf" ^<J1',,..,mont or undo!.' nny tnlflt
11\I':eeml'll1tFl Ole U'UIlt.A I'At.nbl.1 nllC'd by Will by oI thnl" tho Rettlor. or.
'1," Bettlor.'n hUAbAnd with PNC D^NK, N.^. nA TruAtBn Ahall be
""11F11dered AS one tnlst (or pUrpDSp.s o( dp.tp.rmlnlnq UHl mInimum
In" to b!1 chnrqnd. If no RtAndani Fnn RcllArhllO Ahall I'" In
11( fect at thllt' tlmn, tho 'l'nIAtflp. shn1..1. bn nntl.Und to reasonable
'."mponAllt.lon for t.ho nnl'vlcnn ronc:lnroc:l, AubJnct t.o the mInImum
f "" 1.1 ml tot Ion Aot fOl:th nbovn.
(3) !;;JJ.~I]\.L'L.t!JJ"9J;'V.o..J;i1t:..e. F 19-'J.gJ.,i!I:.L.::.J19J'-hog....QJ:_S.LLr'-Q...~SOr,:
r,nl~ct!gll. If nny cOl'pornl.e Uduclary hereunder Is mer:ged or
,'''mbined into nnoth"r corporAtIon, then wIthIn sIxty (60) days
"Iter such merger or. combIl1atlon a successor or Aubstltute
"or.pDrate fIducIary (whIch shall be Aome other blink or trust
,.ompany qualifIed to do burd.ness In the state of the Rettlor's
d"mlclle III. the tIme nf the Settlor's death) may be nllmed ln a
w,.ltten instrument filed wIth the court having jurIsdIction over
IIIR Settlor's orIgInal corporate fIduciary by a majorIty of the
"dlllt beneflclarles of this 'rrust, or If they fall to act, by the
""lIrt havIng jurisdIctIon over thIs 'rrust. If no successor Is
lI"med within the t.lme sp.lc.Ifled, t.hen the corporate succeSflor
rl18ultlng from the merger or combination shall succeed to the
""pacity of its predecessor without conveyance or transfer.
^RT!J;LE X
Dofin.itl.Qn oL'l'r.uste12. Whenever the word "Trustee" or any
mOJdlfying or substituted pronoun therefor is used in this 'l'rust,
Rllch words and respective pronouns shall .Include both the
singular and the plural, the masculine, feminine and neuter
ql1nder thereof, and shall apply equally to the Trustee named
11Rr.ein and to any successor or substitute Trustee acting
hRreunder, and such successor or substitute Trustee shall have
"ll the rights, powers and duties, authorlty and responsibility
""nferred upon the Trustee originally named herein.
IIRTICLEJI
Powers for 'rrl1stee. The Trustee is authorized in its
flduciary discretion (whIch shall be subject to the standard of
'.Aasonableness and good falth to all beneficiaries) with respect
to any property, real or personal, at eny time held under any
rrovision of thls Trust Agreement and wIthout authorlzation by
""Y court and in nddIUon to any other rIghts, powers, authority
"lid privlleges granted by any other provision of this Trust
^qreement or by statute or general %ules of law:
8
'.~ " ,--~
. ':'f,l;tIllt;Fr'.~.... ~1TV'1"." r,\l~1 ','1~,""'.~.r"'''''T,.' TJ'~
tll1~'V'IT"""fT'l"Jt'l-...."'I'" ..on.n'._;.,7lIII"'111'<'.....'.1.-"'P...',. "'~lA'1"'''Ii...._~ _1f.~":'
.r'lfj6~~~IW'l"'A'W;fC,-I,- I~', ~"","\~!l" "n- ',:',/". ',' ,:,~~,1tr"'~htt~,\<..~;\~ '
(1) '1'0 retaIn .111 tho form rocoJvod IlflY proporty or..
III\fllvlded lntoront.n In propnrty donlltod to, Ot: othm:wl An M.:qulred
n~ n part of tho 'l'nwt Entntn, Inr,llldinq l'oni.donUlll proporty and
nhll!:oll of tho '1'1"UAt""'A oWO ntock, nlgnnlloA'J of nllY lllck of
dlverslflentlofl, dnk or lIonprodllctlvlty, nFl lonq IlFl It demns
ndv IAnblo, /Hul to (l)'Chllll(fO nny !lIlch Heellrl ty or pl'op"rty for
"I her F1GcurltleA or propod:i.oA /llId to t.oLllln F1uch ItemA receIved
III eltCh/lllge, Ill.thouqh !HI.I d Ill'"per..ty 1'''pl:oAontn /I 1l1rqo percent/lge
of tho tot/ll propol:ty of tho 'l'ruBt Entl1to or oven tho ontirety
I Iln.r:eof.
(2) To Inv"At I1nd reInvent /lll or AllY part of the Trust
Rntllto 111 /lny property nnd undIvided Intoronto In property,
Ilhorever 1 oC/ltod, I ne 1 ud I ng bandA, dobontu r.on, noton, AGcur.ed or:
IlIlAeCured, stockn of corpor.atlonn regnrdloAn of clnns, Interests
III limited partnerRhipn, I:elll OAtate or Ilny interent in real
,,~tate whether or not productive nl. the time of InveFlt,ment,
Interests in tnlAtA, Jnventmont tnlRts, whether of the open
l1nd/or closed fund typos, I~.nd partIcIpation In common, collect.ive
01: pooled t.rust funds of. the 'I'rustee, insurance contracts on the
life of any benoflciary or annuity contracts for any beneficiary,
without beIng limIted by any statute or r.ule of Inw concerning
Invest.mentn by flducll1rIo!1.
(3) To sell or dIspose of or qrllnt options to purchnse any
property, real or per.sonal, const.ltuting a part of the Trust
RRtate, for cash or upon credit, to exchange any property of the
Trust Estate for. other property, at such times and upon such
I"rms and conditionn as It may deem best, and no person dealIng
with it shall be bound to see to the application of any monies
Pllid.
(4) To hold any securitIes or other property in its own
name as Trustee, In its own name, ln the name of a nomInee (with
or without disclosure of I1ny fiduclnry relatlonehip) or in bearer
form.
(5) To keep, at any time and from time to time, all or any
portion of the Trust Estate in cash and uninvested for such
period or periods of time as it may deem advisable, without
llability for any lOBS ln income by reason thereof.
(6) To sellar exercise stock subscriptlon Or converslon
rights.
(7) To refrain from voting or to vote shares of stock which
are a part of the Trust EBtnte at sharoholders' meetings in
person or by special, llmited, or general proxy and in general to
eltercise all the rights, powers and privileges of an owner in
respect to any securities constituting a part of the Trust
E:state.
9
~......
, ::;"t,
'/ ,t, ':.
\ I" "'eo' , .1..' .".' .' ". ..~ I '
,'< ,I, ., ' ) ,. ,I \ ~~., .
,. " ,., . \ . ", I ' ..' - ~ ,
.. ,
.......-. .---.-- ,~. u_" . .. i ..-.."'- ..~~..",l;..
q'"~~,,, """'~'~,"f ."'1\1"\'. '1.#..........., ""I,......,~.~ . _ ti I llltl I"",
1") 'I'n IIlH'II'''l'nl.n I" /lIIV 1'lnll "r """nllllll.nll"" ",.
"II'tlU) JdftLlon en" m!H'<,jfll" tllV(llvllHJ "ny l~omp"ny or COI1lJH,nttHII who""
"I '''~k or other fHlCIIl:'II.lnFl "h1111 110 P"I't of tho 'l'nl"" P.nll1tn, lInd
I." dn[loR.lt. AIICh Atock 01' otho,.. ",wII,'IUn" ""dAr any p.ll\n of
"''''rgllll.lzIIUon 01: wIth I\IlY p"ol.nctlvo ""mmILt.nn and to dnlllgatn
In "Itch commIt.tee dJA(,rntl(J1IIlI'Y pO\~nr with rolat..lon I.hOl:O\:O, t.o
P"V n proportIonatn pnl:t. of I.hn eXpOn"nA of "lIch committ:ne I\nd
/lilY a88eBRmentn .levled IIl1d",' IIny RIWh 1'11\11, to accopt. Ilnd letllIn
now RecurIt.Io.. receIved l1y tho Tr:UAt.AA purRuant to I\ny Ruch plan,
hJ nxercIse 1111 r.:O,lVflrA J on, RllbRcr t pU.on, vot.Ing Rnd ot.her
I'lqhtB, of whatnoev..r nat.II"'." pert/l.tning to such propol'ty, and to
Pl1Y I\ny nmollnt or I\mount." of money ns it may deem advIsable In
cOllnection thel:Aw i th.
(9) To borrow money I1nd to Ancumber, mortgage or pledge any
I1Rnet of the Trust. Pont.nLo for 1\ term wIthIn or extending beyond
th" term of the.truBt, In connoctlon wIth the exercIse of any
p(l\.,er vested in the 'I'rllstoA.
(10) '1'0 enter for 1H1Y pllrpose Into a leaRe as leesor or
.I""Ree with or without option to purchase or renew for a term
wll.ltln or extending beyond the term of the trust.
(ll) To subdlvide, devolop, or dedicate real property to
pllldic use or to make or obtnIIl the vacatIon of plats and adjust
'","ndnries, to adjust differences in valuation on exchange or
pnrtition by gIvIng or recnIvIng consideration, nnd to dedicate
AaAnmenta to publIc URn wIthout consideratIon.
(12) To make ordinary or extraordinary repairs or
alterations ln buildIngs or other structures, to demolish any
Improvements, to raze existing or erect new party walls or
bll.lldings.
(l3) To contlnue and operate any business owned by the
Settlor at the Settlor's death and to do any and all things
deemed needful or appropriate by the Trustee, including the power
to incorporate the business and to put additional capital into
thn business, for such time as lt shall deem advisable, without
liability for loss resulting from the continuance 01' operation of
the business e~cept for Its own negligence, and to close out,
lIquidate or sell the business at such time and upon such terms
ns lt shall deem best.
(14) To collect, receive, and receipt for rents, issues,
profits, and income of the Trust Estate.
(l5) To insure the assets of the Trust Estate agalnst damage
or loss and the Trustee against liability with respect to third
penlona.
10
~. . .......J".1.'.~-I~ ," , 11 " , . ... ~
I .' "~I ".",.... . ., ',' . I "I " " ""'. jl", , ,:
~'7.-
I___r..l'
..., ..,
,
,
:~,~. ,
(16) In bllylny And Rolling AAAotR, In lAnding And borrowing
monoy, and In al I otlwr transact I anA, I r:ronpnr.tIvn of thn
OC('llp~ncy by tho RamO porAon of dllal pOAIUonA, to doal wIt.h
Iff'"If In Its A A JlI\T" A to , OJ" Any f'Jdllc.lllr:y capacity.
(17) To compromlso, ndjuAt, arbitrllte, sue on or delAnd,
"1""Idon, or: otherwIse dOBI wIth and Aottln ClllimFl In fllvor of or
Aql1tnat tho 'l'rust EAt.IIU, AA the 'l'rIlRtee Rhnll deem beRt.
(lB) To Amploy and compensAte agents, IIccountante,
Investment advisers, brokern, attorneys-In-fact, IIttorneya-at-
Il1w, tax npecIalIstA, realtors, IInd other assistants and advisors
dnnmed by the Trustee needful for the pr~per Admlnlstrlltlon of
tlln '!'rllst r:atate, and to do AO wlt.hout llabIl1ty [or Ilny neglect,
OllllRslon, m.lsconduct, or dnfalllt of llny such agent or
p,"ofessional represontativo provIded such person wae selected and
r"t.nined with reasonnble cnre.
(19) '1'0 detArmine whnt shall be fairly nnd equItably charged
or credited to Income and what to principal.
(20) To hold and r.etaln the principal of the TruRt Estate
undivided until actual divisIon shall become necessary In order
to make dIstributions, t.o hold, manage, Invest, and account for
1.I,n several shares or pactA t.hereof by appropriat.e entrles on the
'I',"ustee's books of account, IInd to allocate to each share or part
of Ahare Its proportIonate part. of all recelpts and expenses;
prnvided, however, the carrying of several trusts as one shall
nol: defer the vesting In tit.le or In possession of any share or
pnl.t of share thereof.
(2l) To make payment In cash or In klnd, or partly In cash
anr\ partly in kind upon any divIsIon or dlstrlbution of the Trust
8AI:ate (including the satIsfaction of any pecuniary distribution)
wIthout regard to the Income tax basis of any specific property
allocated to any beneficiary and to value and appraise any asset
and to distrlbute such asset in kind at its appraised value; and
whnn dividing fractlonal Interests in property among several
beneficiaries to allocate entIre Interests in Bome property to
one beneficiary and entIre interests in other property to another
beneficiary or beneficlarles.
(22) In general, to exercise all powers in the management of
t.ho Trust Estate which any individual could exercise in his or
her own right, upon such terms and condltions all It may
reasonably deem best, and to do all acts which it may deem
rensonably necessary or proper to carry out the purposes of this
'rrllst Agreement.
(23) To purchase property, real or personal, from the
set.tlor's general estate upon such terms and conditions as to
pr.lce and terms of payment as the Settlor's personal
11
... i;:,
i'~~., .
, ...~.. '..";.tl.....~"i\rw'lt:j..:...,,t'/ll....... ,,~..... ' . . '..._
~ ~ .' , ~~'j
, '. ' .~..
'r"presentatiVe!1 nnd t.he 'l'rIlRtoo ehnll llqr.'OO, to hold tho property
AO purchnsod as II pnrt hf t.he Truet ~AtnLn nlthouqh it mny not
qllniify as an authoriRed LrllRL inveRLment Bxnept for LhlFl
provlsion, and to dinpoRo of F1unh property an and whon tIle
'I'rllstee shail deom Ildvisl1hie. 'l'ho facL that the Rottlor's
pArsonal representatives nnd the TrunLBo are the Rome Rhall in no
wny affect the vaildity of this provieion.
(24) To lend fundR to tho Settlor'R general estate upon such
tArms and conditions nR to interest rates, maturities, nnd
RAGUrity ns the settlor's parsonal representntives nnd the
'I'rllstee shall agree, the f/'lnt that they may be the Ramo ln no way
nffecting the validity of this provlsion.
(25) To roceive property bequeathed, devised or donated to
the Trustee by the Settlor or any other person; to receive the
proceeds of /'lny lnsurance policy which names the Trustee as
bAneficiary; to execute all necessary receipts and releases to
PArsonal Representatives, donors, lnsurance companies and other
parties adding property to the Trust Estate.
(26) To combine Bssets of two or more trusts if the
provisions and terms of each trust are substantially identical,
nnd to adminlstor them I1S a RIngle trust, If the Trustee
rnasonably determines that the administration as a single trust
iA consistent with the Settlor's intent, and facilitates the
trust's administration without defeatIng or impairing the
interests of the beneficiaries.
(27) To dlvide any trust into separate shares or separate
trusts or to create separate trusts if the Trustee reasonably
dfJems it appropriate ond the dIvision or creation Is consistent
with the Settlor's intent, and facilltates the trust's
administration without defeatIng or impairing the interests of
the beneflciaries.
(28) To divide property in any trust being held hereunder
with an inclusion ratlo, as defined in section 2642(a)(1) of the
Internal Revenue Code of 1986, as from time to tIme amended or
under similar future legislation, of neither one nor zero into
two separate trusts representing two fractional shares of the
property being divided, one to have an inclusion ratio of one and
the other to have an inclusion ratio of zero, to create trusts to
receive property with an incluslon ratio of either one or zero
and if this cannot be done to refuse to accept property which
does not have a matching inclusion ratio to the receiving trust's
ratio, all as the Trustee in its sole dlscretion deems best.
(29) If the Trustee shall act as the Personal Representative
of the Settlor's estate, to elect to allocate any portion or all
the Settlor's generatlon-sklpping transfer exemption provided for
in Code section 2631 or under similar future legislation, in
12
.. .'.t!- ,:~'.,
""'"
. ,,"."
. . ' .,".,,_...,....\,'O-~........ ... 1 ':1"" .. _, . ; . '1... '-',
. ' . .
, " . , . '! 1 I rl' '.. . '. J' ~',.
hffnct (It t.he t..lme of the Ret.tlor'A denl.h, to nny por'I.lon 01: 1111
of 'l'r:tlst n or: any othol- l.t'IIAtA or' hf'qIlOAt.A In tho Snttlol.'A WIl.l
or. nny otl,,'1' tnlllAfol' "htch tho Sot.tl",' In t1w tt:llnnfPIT(lI.' for
pllrpoe8A at' the <.lnnr".ntlon'nklppln<.l t.IIX, (]enornlly, Um SAtLlor
nnl.l.cJpntoA thllt t.ho fiat.tlor"A I'AI'!10nlll Hf'pr:nAOnl/lt1vfl ".Ill eloct
10 IIlloCIlt.fl t.hlA nxomptton ftnll. l.o dIrool. AldpA nn dof.1nnd In
Code Iloct.lon 2612, thon to 'l'nIFlt [1, unloRR .It "(Hlld 1m
JnlluvIsllblo bllROd on /Ill rhe clrcumstanceHl at tho tlmo of makIng
t11" 1I110catIon; lint! 1.0 mllko the Apeclal election undo!: fHlcU.on
2(''i2(n)(3) of l.ho Code to tlw extent the Settlor:'" I'm:Bonnl
R"presenl.lltlv(1 doomn In tho bOAt IntOl'f'At of l.ho Sottlnr'R
p"tnt.o.
^1.l'I'I'~_l!I:;-1\U
Mar 1J;'!lt,JLlili!Uc;lj,~lJLs.ay I,ngfLC,t!ll!.!HL1QJ:'~Trus t_li. It. IFI
"xpl'ossly provldod that. tlw grant of rIghts, powerR, prIvIleges
nn,1 authorIty to the Trust.oe In connectIon wIth the ImposItIon of
""I.Ies upon the 'I'ruRtAe by nny provJR.lon of thIs 'Prust ^greement
or by any statute relatIng ther(1to shall not be effoctlve If and
I" the ext.ent. that the samo, If effectIve, would dIsqualIfy the
marItal deductIon as est.ahlished In Trust. A hereof, It Is the
SAttlor's intent.lon t.hnt. the Set.tlor's husband under the
p,nv.lnions of Trust. A have substantIally t.hat degree of
"""",fJclai enjoyment of the 'l'rust Estate during h.ls lifetIme
"I,lch the prlnclplsR of the law of t.rust.s accord to a person who
18 unqualIfIedly deRlgnated as the life benefIcIary of a trust
an'l the 'I'ruBtee shall not exercise Its discretIon In a manner
,,1.lch Is not in accord wlt.h t.hls expressed IntentIon. The Trustee
"ll/lIl invost the Trust Estate so It Hill produce for the
sottlor's husband durIng hIs IIfet.lme an Income or use which is
conslst.ent wIth the vCllue of t.he Trust Estate and wIth Its
preservatIon. It Is expressly provIded that. the Trust.ee shall
not in the exercIse of Its dIscretion mnke any determInation
InconsIstent wlt.h tho foregoIng.
M\Tl..C.loE xU.l
FKov LsiQD-.Lgr 'I'rus t~e__~~.....1LG.L,l!!L.'!'Ll,lJL\;.2.e for__n~ne f Ic iarv
\W<lJilr AQe ..'l'wenty.:O[t~, I f any share hereunder becomes
dJAtrlbutable to a benefIciary who has not attained the age of
Twenty-one (2l) years, such share shall Immediat.ely vest in the
benefIciary, but. notwithlltanding t.he provlsionll herein, the
Trustee shall retaIn possessIon of the share in trust for t.he
beneficiary untIl ttw beneflciary att.alns the age of Twenty-one
(21) years, using so much of the net income and princIpal of the
share as the 'l'rustee deems necessary to provide for the proper
medIcal care, educatIon, support and maIntenance in reaaollable
comfort of the benefIcIary, taking into conlllderation to the
pxt.ent the Trust.ee deems advisable any other income or resources
of the beneficiary or his or her parent.s known to the Trustee.
Any income not 80 paid or applied shall be accumulated and added
13
,.... ~;\::;
" " .' ~.' '. \
, ,,' >- .....................IO..~~irl",i~.." - "\'''''. ~"'~""'''- ',-,..:. I.......
" ".'~ '.. h ' .:,,~~ " , ".,\.~J,. ~ \' .', ,...J....
lo pr:lncJpnJ. '1'110 1)('noflclnl~Y'A All/II'O nhnl1 bo pnld ovor nnd
d,,,trIbuter!d In t.J\" bfmnflcllll'y upon IItt,1lnJnq fH1n 'l'wnllt.y-onn
Pi), 01" If 110 or nil" A 1111 I I /loonnr dIn, to 1110 ell: hnr' pnn~onnl
"npreaontn t t vnA. Tho 'I'r\lf-l tJ1<1 nhR! 1 hnvn Id' tit 1~"OA'H~ct to BEtch
11ll1,ro ao t:l:1tnlnod nJl 1110 IH)~I<HA /lnd dlncn1UonA II: h/ld w1.th
rnApoct to tho t.rUf1t.n crnnlnd lIornln qonol'/llly,
111\'1' U.:I,IUU\I
:1:r."\!!t\;!;!!i!~JL1JJf'I\' l'Q!.J () !LJJI_,M,l!lsJl19__1'IWmQ n.~ ILJ&_ILJ'9 !;,\!.Qo_\.Inilllt:
[1,1 o--'I'\i.l:lllttQr1l:l L! f)c Qmp~ ~ QJIJ..,OL_JJ\C),W(!{:J t.1\t.!"SLJ'_IlLapJl ' In c nil e
Ill"! IncomA or prlncJpnl pnymAnt undo.: Imy truAt c1'I'lntAd hereunder
n,- nny shnre thAt:oof nhnll bocome pflynblo to a porson under the
nqA of TWflnty-orlfl (21), 01' to fl person undor 10<1111 dlnnbIllty, or
to fl porAon not ildludIcnt.ed lncompetent, but who, by I:Ollson of
Illness or mflntnl or phYflIcnl d.lAab.llJty, la, .In the opInIon of
tllo 'l'rustee unahle proporly to IldmInJsUlr such nmount.fI, then such
Amounts shall be paId out by the Tru8toe in Auch of tho following
wnys as the Trustee deemfl befit: (1) d.lrectly to the benflflcIary;
(?) to the legnlly nppoIntAd gUArdIan of the benofIcIary; (3) to
gome relntIve or ErIend for t.he care, Rupport and educatIon of
Ih" benef.lciary; (4) by the 'l'rustee usIng such amount.s dIrectly
(nT: the beneficiary's Cat:f1, support and oducatlon, Provlded,
IIn\1ever, thllt the 'I'rust!?e Ahall not mllke any payment from Trust. 1\
under (3) above,
I\KTJCLILKY
POW!i!-LQ.t._TnLs.leE,l-LQ.. Re~Llg!LPur.l n_g__Setllor' ILW, f~J:.im..E!' The
'I'nlstee meW resIgn this trusteeship dur.lng the Set.tlor's lifetime
hy givIng the settlor ThIrty (30) days notlce In writing
dolIvflred to the Settlor In person or maIled t.o the Settlor's
lnst known address, the resIgnatIon to become effectIve as
110rel na fter provIded, Upon receIpt of such notice, the Set tlor
sholl appoInt II successor Trust,ee which shall be II blink or trust
company qualified to do buslness in the state of the Settlor's
domicile, Upon the faIlure of the Settlor to appolnt a successor
Trustee who accepts the trust withln ThIrty (30) dllYo from the
t.lme notlce was delIvered In person or maIled to the Settlor, the
Trustee may resIgn to the court having jurisdIctIon over this
trust, whIch court may, if lt deems advIsable, accept the
resignation and appoInt a successor Trustee which shall be a bank
or trust company qualIfied to do business in the state of the
Rflttlor's domicile, Upon the appointmont of and acceptance by
t.he successor Trustee, the orIgInal Trustee shall pay over,
dollver, assign, transfer or convey to such Buccessor Trustee the
Trust Estate and mako a full and proper nccountlng to the
Sottlor, whereupon Its resIgnation shall become effective. The
substitute or successor Trustee upon acceptance of this trust and
the 'rrust Estat.e flhall succeed to and have all the rIghts, powers
nnd duties, authorlty and responslbillty conferred upon the
Trustee orIgInally named herein.
14
iiiiIliiIiIIii~.- . ,-
c~r~:
. . "...IJoIi'-...... _. I J" , .,~.' .. _M
'.""""
\ ,'", -.~ :
^H'I'!t,;I.K XV!,
13",J;UQJ.' J),tl,l.:J.tly Lj[oUnll' La IJqAJ~m/lLo I;Jlll)l;I~Hqto.oL.r~l!g"gI!!Bq!:
'l't!lA,~Q.\l, 'I'ho RoLt\ol. dllrlnq Lho SoLtlor'Fl I I foLlmo II1/1Y nllmo II
f111hRLILut" or, RUCCORAOI' 'I'nlntop wltt,'1t AltAI I be II blink or, tnlRt
r:olllpllny qU/lI1fIod Lo do IHIFl I nOflR 11\ tlto SetUor,'A domle110 by
"n'lvery Lo Ulfl 'I'r:lIAtoo 1t0l'O 111 /I lIoL I co lI/1mI nq tho RIICCOFlAOr: or,
IIl1hFltItuLn 'l'ruAtAA 1'IIld I ndtcatl ny /In I nt.AI\L to replaco the
'1""Rtoo 11/1l11nd Itol:olll, IIpOIl l'ocn1pt of sllch 1I0tIco tho 'l'r\lsteo
IIIU1\'1d ""1:(1.111 nhall P/lY OVOl', dAIIvAr', nflFllgn, tr,lInFlfrn: or. COIIVAY
I" Ruch RubRtIt\lt.A OJ' AllceonflOr, 'l'I'ufltAe (which /lCCApLs the
Ill'pr.11ntmollL as tr'IIALAA), Lito 'l'nIAL I\AL/ltA /lnd m/lkfJ a full /lnd
I"oper accollnt! I\g Lo Lho SoLLlor, whorollpon Lhe 'l'rURLfJe named
Itn'''''1n FIll/II I be dlsch/lr:qnd /llId hllv(~ 110 fllrther rOFlponsIbIlIty
""dnr tllIH 'l'l:usL ^qronmonL, Upon tho faIluro of the 1'rustee to
111/11", such cOl\vAyanco LhA flottlor: may apply to the cour,t havInfJ
}11I.IBdIctloll of t.hlR Lrll~L and ~lIch court may compel the
,,""veY/Jnce by tho 'I'nl~te", 'I'he SUbRtItuto or succeSSor 'I'rustee
"l'''n occeptllnce of Lhl~ tr,UFlt and the 'I'rllFlt. ,"stat.e Ahall succeed
I" Ilnd pORRflAS 1111 tho l'lqhtA, powers /lnd dutIes, fluthorIty and
l.nnponsIbUlty confAn'nd upon t.lw 'I'ruRtoe origInally named
II",'qJn.
l\!l'tICLf, XV U
P.l1?9,r:.ElJ,Jon,_,I.JL~'-r:l!@,~~ELJ& Te,rmina te Sma 11 'r..sJIS t-1ill9.
1!.lflI;Llbute_,.tc<LJ..U9..Q!!\!'t.-'1'3.!J_~.fIc!ar'y'. If at any tlme any trust
'Irnl1ted herAund~r hilS a fair market value as determIned by the
'l'rIlAtee Ilt that t.Ime to be uneconomIcal to contInue such trust,
'''' I rI Trustes may termInate RItch trust and dIstribute the trust
".'''perty to t.he persoll or persons then entItled to receIve or
II""" the belloUt of the Income therefrom or the legal
rnpresentat1ve of Buch person, If there Is more than one lncome
h""f'!f.lcIary, the 'I'rustAe Bhall make such dIstr.IbutIon t.o such
t "':',me beneflcIarIes In the proportion in whIch thoy are
""""flciarIes or If no proportIon Is desIgnated In equal shares
Lo RIICh benefIciarIes,
AR'IJCLE XV I II
~ttloL~~lWsb~nd,_lt No Lonaer a ResIdent of Trustee's
!JpIllIc.lle. to Des igna.t~ Subs tl tute or Successor 'l'rustee. After
the Settlor's death, If the Settlor's husband is not Il resident
of the state In whIch /I trust admInistration offIce of the
'l'nllltee Is located, tho Settlor's husband may name a substitute
or Auccessor Trustee whIch shall be a bank or trust company
qUl1lIfiad to do businesR In the Settlor's husband's domlcile by
delIvering to the Trustee hereIn a notIce namIng the Ilucceseor or
subAtItute Trustee and IndIcating an Intent to replace the
'l'rllstee. Upon recelpt of such notice the Trustee shall pay over,
delIver, assIgn, transfer or convey t.o such substitute or
successor Trustee (whIch accepts the appointment as trustee), the
15
" !~~ .i ) i'
'<. .r.,
,a.. ....
, ., .,. I .,~,
,~~, \\;.;..1.....:..............,......1..,'..'~....1, ."
: '~:t.t'1":~,\r_, h, '. I,. .
I' '/.,1 .."".",," .... '
. ~ ' . . I' .
!'!
'l'n'AI: 1':AI:/lI.I' Rnd m/lk" /I filii And 1'1'01"'1' nc"ollnl.l nq I.fl 1.11"
.r;", t]llI,'/l IIlIRhlll1d /ll1d I.lln 011"'1' 1"'l1n( Iclnl.tnn I",,'nl' till" 'I'nlll\.
^q ""flmpl1l:, HlllH'ntIJ)f'11 I Iln '1'lTln I.nn n/lmf'd 110('(' I n nil/II I 110 d I Acll/l rqod
"lid hFlvn no f\lrthp,: '"Pflpollnlhllfly IIndnl" tllln '1Innl!". ^<p'"nrnnnt'.,
1'1"'" thA rn.lltll~o Ilf thn 'I'rllnt pn In mnkn tho ('(Hlvnynncl1 tho
rlnlt]or'A Illlflhllnd Il1I1Y npply In thn 001111. Illlvtnq JIlI'IRdlcl.foll of
'"'1'1 trlllll. IInd Illl"h COllf't Il1I1Y ,'omp,,' \.Ill' convnYlll1cn hy th...
'1',"lIl1t',An, Tho Auhnt.1 LuLl' nr- f111('r~nn"(lr 'I'runtnn upon ncC'nptilnco of
1"1,, tTIIRt I1nd \.Ill' 'l'nIAt 1':/1\ I1tn RIlll11 AIlC"flf'd to I1lltl Il,,,,,, 1111 tllo
IlqlltFl, PO\~fll.'F1 IInd dillion, Alll.llorlt.y I1nd ICflflpOllll.lhlllty "onfnl.'l:"frd
111"'11 thn 'l'nlRtfln of'lqlnl1lly Ill1ll1nd 1l0l'"ln,
^H'J'I<,:ljEXIX
PllLtnH:JQ.lL.9f"l;hj)dt,:el" 1"01.' pllqJIJRnA of I.hJA 'I'rlllll.,
""lll1dl'lHl" meanR tllo 111Hflll IIlood denGondants In tho UI'At degra!l
of tho parent deRlqnl1t:nd; /lnd ".IRFlIIO" I1nd "deAGemlants" mean t.he
1'\(lflll blood rlesGendnnl./l1 n /lny deqrfle of tile IInceRtor
dnll Ignllted; prov Ided, hOHAvor, tllllt I f a perRon has be.en ndopted,
1.llnt person F1hllll he conAldnrpd a chIld of slIch ndoptllHj parent.
IJnd Ruch ndoptnd ch.lld I1nd htfl or hor JSAltr! shall he consIdered
n~ IRsue of the adoptJng pl1r"'nt or parontFl and of anyone who Js
hy hlood or adoptIon an ancf1sl:or of the IIdoptJng parent or eIther
of the adoptIng parents, 'I'ho termn "chIld," "children," "Issue,"
"d"Rcendllnt" IInd "descpnrlantR" or thORO termFl preceded by the
Innns "lIvIng" or "then lIvIng" shall Include the laHful blood
dn~r'endant In thn flrRt deqnHl of the pnrent designated even
'.lIoll9h Auch descendant IR (JOnl after the denth of Auch parent.
The term "per ptlrpes" as used hereIn has the IdentIcai
m"nnlng as the term "takIng hy representatIon" as defIned in t.he
rp.nnsylvanIa Probate Code.
l\!l,TLCL~ XX
Deflpi lion of Words Re13,!,tl.mL!;.P the Int.ernal HevenuEl Code.
IIn .IIRed herein, the Hords "gross estate," "adjust.ed gross
eFlt:l1te," "taxabie estate," "unIfied credit," "state death tax
cr<1dlt," "maxImum marItal deductIon," "marit.al deduction,"
"pass,'" and any other Hard or words whlch from t.he context in
Hhlch It or they are usod refer t.o the Internal Revenue Code
F1llal! have the same meaning as such HordFl have for the purposes
of applying the Internal Revenue Code to the Sett.lor's estate,
for purposes of thIs Trust ^greement, the Settlor's "available
<j"'n"'ratlon-skipplng transfer exempt.ion" means t.he generatlon-
F1ldpping transfer t.IlX exempUon provIded ln sectIon 2631 of the
JntArnal Revenue Code of 1986, as amended, in effect at t.he time
of the Settlor's death reduced by the aggregate of (1) the
amount, if any, of the Settlor's exemption allocated to lifetime
t.ransfers of the Settlor by t.he Settlor or by operatlon of law,
nnd (2) the amount, if any, the f:ettlor hilS speci f ically
1111ncated to other property of the Settlor's gross estate for
16
~'~
'"
.'
~:I.,
.. ,
. oi
j)ri; q', I "! . :r ,. 'l.l '~~ , '.' i"'" " ~"" . ", '.".' r ! :
'"\ RJ' "j ',I /,lj\ .l"~. \.' ~'::I~\ ,.."... I ,. _ . OJ J . ".;f
"1'1" I. . ." .f t1'..' . .' ' '..
f ~".. ,..\'i."'~oo4:"~' .,,'t.' '1;', ,......' 0'"'' ".' ..r...)JI .;1, tit
, . . ~~.~.. . .. " ,
, .,', . I'" , r , ' , ~ ' . .. .".,'
\.;J,
'.
.-..................
. ,.
Ill';"
f,'derlll "At/lto t.nx pllq)OFlOR, 1'01- plll'poAnR of t.h I II '("'lIfH.
I\qn~ement If /It. tllA t.lmo of t.h" f1"ttlol"R dOli 1.11 tho r;oL\.Iol: hllll
mlldo ylft.n wll.h nn 1""llInlon rnLlo of qrolltol- t.han Z"I'O for which
t.hn glfL Lax rol.ut'n duo dllt." hilA not "xpJr.od (Jncludlng
"xtnnFllollfl) /Inri t.hR netUol: h/lFl not YAt f.\l"d /I n,tll'-Il, I.t. F1hall
"" deemmJ that tbe f1ntt.l.ol:'n qAIH1J'llttoll'FlklppJng tt:IltIA(or
"'IAmptlon hilA boon flU oC/ltorl to l.hoRo tr/lnFl fors tll tlln oxtent
II"lCAAsllry (/lnd pORRlhlo) to nxompt the t.I"lInl1fnr(l1) f,:om
Y"lnerlltl.on-l1klppillg tl:/lIlAfc'l: tax, RAfornnco to rlectlons of the
IlIternal. Hovnnuo Codn /lnd to the Intern/l1 Rnvenuo Code nhl11l
I"f",r to the Inter:n/lI R"vonuo Codo lImendod to tho dllt" of the
n"tt1or'A death,
J)l\'l'U:j~F,J\IU.
IUnmU,!lli!'!QJHLJdQjLl"lLl'roS.!!U_oll Pre 9um1 nq_g,ene U.r~ 1 a.rv
!' J:(".\!e~!IJ1!1JLS511!;J 9..!-'.j._._R..QY~J:.!lJ'LJ' r!iLfl,u mpU.Q.!L.lllLt9_1Ll!!LQ,!!Jld , I f any
""nef1ci/lt:y and the Settlor should dIe under such cIrcumstance!!
1111 would makn It doubtful whether the beneficiary or the Settlor
dt"ld flrAt, then It f1hllll be concluslv!'lly presumed for. the
plll:pOSeS of thIFI 'rrust thllt the beneflclary predec!'lased the
Rattlor.; provid!'ld, however, that if the Settlor's husband shall
<II" wIth thA SRttlOr. aR aforesaid, the Settlor dlr.ects that. he
111,,,11 be concluFll.vely presumed to hllve AurvIved the Settlor,
AR'l'IC)"J;;. XXU.
PaVW~Jlt of-1~un!,!~ql EKQenses and Expenses of Last Illness of
IllqQJn.l.!._~gl,\.l.!.f1cJJ!]:.Y.' On the death of any penon entitled to
1 ""orne or support from any 'I'rust hereunder, the 'l'rustee is
/lllthorlzed to pay the funeral expensell find the expenses of the
IIIAt Illness of such person from the prIncipal of the Trust from
\,IIIch such person was entitled to income or support,
l\.R'l'ICLE XXIII
S1~j;e Law to Govern, This Trust Agr.eement and the trusts
created hereby shall be construed, r.egull1ted and governed by and
III accordance wi th the laws of the Commonweal th of Pennsylvania..
AJri.:!C'"E XXIV
.emenillri.~ Prq.Y.l.s.J.Q!l, Except as otherwise provided herein,
nIl payments of prIncipal and Income payable, or to become
p"yable, to the beneficiary of any trust created hereunder shall
not be subject to antIcipation, assIgnment, pledge, sale or
transfer In any manner., nor. shall any beneficlary have the power
to anticipate or encumber such lnterest, nor shall such lnterest,
whUe ln the possession of the fiduciary hereunder, be liable
for, or .subject to, the debts, contracts, obligatlons,
liabilities or tor.ts of any beneficiary,
17
, .,~,'"
--'.'...'-..
>t ~)Il'll~'
" -"t\',~;,,~
,,-,.
""""'..........lbr'"...""""'........" "~".l"'~ ..",,,., " . .~ t~
\, . /"~, ~4\',-.l~~~'...' .... -l.' . " "_".
I ' . ',' '.'
Cot1MONWF.AUl'I!
01"
PfmNSYI,V^NT^
<:mIN'T'Y
OF
lJ^tJPIll N
T, 1\ Not,ary Publ.1(J, I-Ilthln /lnd for the Commonwealth and
COllnt:y aforf'lIJ/'IJ.d, do hnr:nhy certify that the foregoIng instrument.
of I-Iriting was this day produced to m~ in the above Commonwealth
1111'1 Count.y by I\urlrny f'. WenqoJ't, Set.tlor, party IlfH'elo and Wile
Axneutad And acknowlndged hy tho Bottlor to be the Settlor's free
Act nnd voluntary rlnod.
WI?'NI':SS my slgn/lLuro Lhls
,
13th JOY 0' o.c.mb~Ttk
_ Jif, \ to >I ILl, . . JJ..JJ.c
8 gn~ure of Notary Pu !i~
M/lronetta F. Miller
Typed Name of Notary Public
[ NOlARI^L Sf.,\l'-----
MMon.ll~ r. Miller. N"t~rY..l'lIb.IIC
""rrhburo, P^ O""uflhtn Cn1lnty
My Cnrnmh,1tHl Exlllro~ Nnv, fll. log'"
--------.;._-_..~
19
, ,"
, ; . "~';'IIf" "
.....' ,...,.,.,.
~.
1~--1II\o'.'''''.~'.' _.. .J' .,.. . ' H...
. ,.,~ ,~:.."f'~'-' .-:,~", ,~V~ " ; I, ~..n . .
. 'I '. ., ~ .' , -..; ': l( '''I' ".. ~,.
. l , .,
..,..
;rr
)~
.,
i<1f
I I .,
."'~".'.l'~:;j .1
~Jl~~.~,.'-~;,.~ 8~ \7i'.r.i",
~~'.;." .....,:I~:',:';
SClII,DlJI,F.; "TI"
~ of 1\eee..l;1!
flrn~ l\'l"l'M~IIED flCIIEPUl,m .TI. .
r:--
I .t (ee tI.{/'.'
Ci I. "I.,! '/ .;,. . /
AUPREY F. WENGERT
SETTLOR
PNC BANK, N.A.
:::- (~:;~:~::j
TRUSTEE
21
.. L"", . 'l"l, 'L~tl ....Il'(ff_t\~"".." ", -' '.
,',,' 1\ (to::;' ,~I.oti~V'.' I I . , . ' -", f
, .... . ' h,.-
. ',"
, .
15 I (} ,:/. .:{
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
(!,
aUHEAU OF INOIVIOUAL TAMES
INlff.:RttAHCt T~M DIVISION
DEPT. 2.0601
H~I1IS8LMOt PA 11111-0'OI
NOTICE OF INHERITANCf TAM
APPRAISEHENT, ALLOWANCE OR DISALl.OWANCE
Of DEDUCTIONS AND ASSESSHENT OF TA~
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
03-30-98
WENGERT
02-07-97
21 97"0154
CUMBERLAND
101
t==-- A.Qu~~Mm.d -~
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE. PA 17013
CUT ALONG THIS LINE ~ RETAIN L,OWER PORTION FOR YOUR RECORDS ....
REV: isiji"2iC i. FP-- i 09:97 r NO'f icr -oF .ytili ER iT ANcE - 'fAX - ifPPRA-i SEK€N'f; -i. L i."riwANc E" i:fli."." --"....".. -""
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
AUDREV F FILE NO. 21 97'.0154 ACN 101
MARIA A TOMPKINS
PNC BANK NA
PO BOX 308
CAMP HILL
PA 17001
ESTATE OF WENGERT
TAM RETURN WAS I (X) ACCEPTED AS fiLED
RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE
APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN
1. Rmal E.t.t~ (Sch.dul~ A)
2. Stocks and Bond, (Schedule OJ
5, Clo..ly H_ld Stock/PQrtnerahlp Int.r..t CSchedule C)
4. Harte.g../Not.. Meg.1veble (Schedule DJ
S. C..h/Bank Deposita/Hilc. Per.onel rroperty (Schedule E)
,. Jointly Owned Property (Schedul. F)
7, Tr'.nafe,. a (Schedule G)
e. Total A...t.
( ) tHANGED
,00
.00
.00
.00
4.'+24,05
,00
281.068,61
(B)
11)
(2)
(S)
(4)
(S)_
(6)
17l
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. Fune,.al Expanw../AdM. Co.t~/Hl.o. ExpanD.' (Schedule H)
10. nabta/Hortg.ge liabiliti../liana (Schedule J)
11. Total Deduction.
12. N.t Valua of Tax Raturn
IS. Charitable/Govern..ent.l Paqu..tll Non-alected 9113 Tru.t. (Schedule J)
14. Net Valua of est,t. Subject to Tax
9.356,75
13.850,61
(11)
(2)
US)
114)
(9)
110)
*
UW.IU1,..I' 11'-'"
AUDREY
F
DATE
03-30-98
NOTE I To lnllu,.. PI'Op'"
credit to )four .~cou"t,
Iubtlit the uppa,. portion
of thil for.. with your
tax pay...nt,
285,492,66
23,2D7 36
262.285,30
,00
262.285,30
Xf .n ......m.nt was i..u.d pr.viou.ly, lin.. 14, IS and/or 16, 17 and 18 will
r.fl.ct figur.. th.t includ. the tot.l of ~ r.turn. .......d to d.t..
ASSESSMENT OF TAX:
IS, Altount of Un. 14 at Spuu..l ,..t.
16. AlKJunt 0" U". 14 taxable at Un..l/Cla.. A ,.d.
17. Altoun't of Lina 14 taxable ..t CoUnt.r.l/Cle.. 8 rat.
la. Principal Tax Due
NOTE:
TAX CREDITS:
PAYHENT
DATE
Ii5=OF97
10-30'.97
RECEIPT
HUHaER
AA211267
AA242417
D.tSCDUNT (+)
INTEREST/PEN PAID (-)
625,00
,00
. If PAID AfTER DATE INDICATED. SEE REVERSE
fOR CALCULATION Of ADDITIONAL INTEREST,
(15)
(6)
(17l__
,00 M ,00.
262.285,30 M ,06.
,OQ. M ,15..
liB)
,00
15,737,12
,00
15,737,12
15.737,12
,00
,00
,00
I If TOTAL DUE IS LESS THAN fl. NO PAYHENT IS REQUIRED,
IF TOTAL DUE 15 RefLECTED AS A "CREDIT" (CR), YOU HAY BE DUE
A REFUND, SEE REVERSE SIDE Of TNIS FORH fOR INSTRUCTIONS,)
AHDUNT PAID
11,875,00
3,237,12
TOTAL TAX CRF.DXT
BALANCE OF TAX DUE
XNTEREST AND PEN.
TOTAL DUE
~)~J
I
I
t---,)
'J
REsERVATION: E.tet,. of d,eldlnt. dy1ng on or h.for. D.~..bar 12, 1982 ~~ If any future int.r..t 1n thl a.tat. i. tran.farrtd
In po.....lon or tnj~v..nt to Cl... B (oolletlr.l) b.n,flcl.rl.~ of the dlcldent a,tar tha aMPlr.tion of an~ ..tat. for
lifa or for yur., thl Co..onwulth h.rtby IMpr...ly r...rv.. th. right to tPprlllh, find a..... trendar Inheritanel TaM'"
It the lawful CI... B (collat.ral) rate on any .uch future int.r..t.
PURPOSE OF
NOTICE: To fulfill th. rI4l-Ilr..lntt (If Section 2140 of thl Inharitanea and E.tat. TaM Act, Act cl 01 1995. (72 P.S.
S.cUon 9140),
PAYMENT: O,tac,", the top portJon of thlt NCltlce and subllit ,..lth your p.y.ent to ttlt! Rlght.r of W11l1 prlnt.d l)i' the r.ver.. .Ide.
uHak. ch.ck or IIOn.y urdor plyabl1 tal REGIS'rER OF MILLS, AGENT
"EFUND (elu: A r.fund of II taM credit, which Wat not r.quuhd Oil tha Tft)( Raturn, illY bll r.quuted by capletlng en "Appllclltlon
for Refund of P.nnsyhanh YnhlrltfmCI and Estate Tax" (REV-lSUl. llippl1clltlon. lire ItIIJ.111abla at the OffiCI
of the Raght.r of WUh. any elf the 25 RDvenue Dhtrlct Offlcu, or by calling thll ,pachl 24"hbUr
en.war!ng ..rvl~a nuMierll far for.. ordtlrlng: In Pennlylvlllnl1l 1~8ClOH362MZO!iO, ouhlde Penntlvlvanh and
within loclI Harrllburg area (717) 787-8094, TOOl (111) 772+225Z (HII~rlnA I_paired Only),
OaJECTlONS: Any party In Interut not satl.fled with th.. appralllllllmt, IIUOWII"ce or dhallowallce of dltduCltlon., or allllll_ant
of tax (Invludln; discO\Wlt or lntera,t) a. shown on thl. Not!c& .u.t obj.ct within .I~ty (60) daYI of rllcalpt of
thlt Notice by:
'..wrUtwn P/'otut to the PI. Dllpart.el,t of Rllvenue. BOllrd of .ppuJtI, nltpt. ZIH021, tlarrllburg. PA 17128-1021, OR
ulllactJon to hlv. the _attll' datar_ln.d at lmdit of the account of thll personl'll r.pr8llllntatlva, OR
-~app.lll ta th. Orphan.' Court.
ADMIN
ISTRATIVE
CORRECTIONSI
Fectual error. dhcov.,'ad on thlt ........nt lhould bit adlir...1td In writing tal PI. Deport_lint of Rellanwl,
aur.au of Indivldull TaMa., ATTN: POlt A.......nt Review Unit, Oept, 7.80601, Harrltlbura. PI. 1712&-0601
Phona (717) 767~6S0S. S.a p.". 5 of th. booldat "In.tructlon. for Int1"r1tan~e Tax Return for Ii p..ick.nt
DecatMont.. (MEV.HiOI) for an a)(pla",.Uon of adlllnlttraUv.ly corrllctabl. arran.
DIstGlJHTl
If any ta)( dull 11 pllld within thr.e (5) calendar _anthl after the decedent'. dellth, It flv. p.rcent (Sin discount of
th. ta~ paid I' alAowed.
PEHAl TV I
The 15% tax 8."..ty non-partlclplltlon penalty 1. coeputad nn the total of th. ta)( Ind lnter..t a..e...d. and not
paId b.for. January 18, 1996, the flr.t day after the Ilnd of the taM l'tMnUt'J pariod. Thlt non-p"rtIclpIlUon
panalty it appllalable In tha ..ee lI"nner and In tha thll 1ft.1lI U.II periOd a. you would flPPl81 the t.M and Intarut
tilet tt.. b..n e.......d IUi irn:l1cated on thh notice.
INTEREST:
Intar..t 1. charg.d b.,lnnlng ~Ith flr.t day gf dallnqullncy, or nlnll (9) Month. and on. (1) day 'roe the date of
hath, to tha dat61 of paY..flt. TIMn whIch bau.e dl1JnquGlnt b.for. Jamullry I, 19B2 b..r Intar..t It the rat. of
11)( (6X) parcent per annuli celeullted at Il dally rat. of ,000164. All t8)(" which beea.. dal1nquant on and aft.r
J."uary I, 1982 will belr Int.r..t ~t I r~t. which wIll vary fro. cal.ndar ye.r to calandar year with thlt tat.
antlOl.."CII-U by the PI. nll'Iartllant of Rllv.nua, Tha appllcllble Intere.t rat.. 1cr '1982 throuph 199& ara:
l.!!I: l,:,terut Rat. Dal1~ Intar..t Fltctor :!!!! ~\..!!!!! Dltlly Inhre.t factor
19&2 2'0% ,(lOOS48 }lJ87 9X .000247
1985 16:< .00043& In8 1991 11:< .000501
1984 11:'< .000301 1'92 OX .000247
1985 15;( .0005506 1 "IJl- 1994 n ,DOOI9Z
1966 10:< .000274 199!i-19?& 'X .OOO~"7
.*Int.r..t h celcull1ted .. follololal
INTEREST' BALANCE OF TAX UNPAID X NUHBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR
-MAny Hutloa I.,uad .,ter tha taM bloo", dellnqu.nt wIll reflect an lntere.t c~lcul.tlon to flft..n (IS) daY'
bayond the date af tne ...."..nt. It pay.ant II nde .fter the ,1nhlr..t COlIPutat1Ol"1 data .hl)l<<l on thl
NoUc., "ddIUon.1 inter..t IlUlt be C.lClulatlld.
OJ
Vl
"
0
:u
"'
"
"
" <lI
!, U ... M
'" ....
Vl h " 0
M " 0' "-
.... ~ Vl ....
.M ~
~ 0 <lI
'-' Vl <t,
4, ~ A.
0 'tl 0 ,,8
~ 0:: , VI
... '" <lI
W ,-j "' ....
" ... ... Vl
Vl W " .M
'M .0 0 .... ,
"" a u " .'..j
w " '" ,
'" u .... U 1..Ll
.1J
0"
(Tl
r-
_D
,.,
OJ
.1J
(Tl
''I
... "
....
~ ~.
,
g
.... ~
~
;!:::J
~- ~
><::I:
0", ~
~::E
~j