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Home My WebLink About97-00561 1::<11I1<' IJ( Jaua Hugh pitta (11,1111 knoll'n lis I'KI'ITlON Hm .'.wnATE ulId (;RANT OIlI.E'ITERS ~(.'"t 7~ ~-(.I No. rll: Ih'I'I'(/,\'i.'(I, Ih'I',I'il'lol Will, Imlhe (""II"~' ot Cumberland ill the ( 'OIllPIIlIlWl'all h of I'l~nllsylvalllu Soda/ S"I'/lIIII' No, 2460-58-6628 rill' IWlillOIl of Ihl' lllldl'f~il';H'd I-t"qwvllullv I'cpn'~l'lIt~, thaI: YoUt pi'liliolH'I(~), \\'110 k'HI\' I K 'Tal" III agl' Ol' oldel Hlllllt' l'-'t\:lUrix III Ihl' laq will "I' I Ill' """Il' dt'lTtklll, da,ed April 19 al1d l'(J(lkilh) dall'd " ,.... nRlIled .... _.., 19_..90....... (,Iill" Idn.llI! ,jI,I\!II'.1dl!l'\'\, \'_~' 1"I\lIII\'!il!hlll, dL'lllll 01 \,\[','11101, l'le.1 Dl'('ClIdl'1I1 "a~ dOlllll'lkd.1I dl'tllh III C':lIlberla~~ _ __ _ II 18, Ill'll family {II principal rl'"idi'lll',' ot /sPerst-.on Driv~~ _South Middleton TOVllahip ., lll''! '.llt'l'I, IlltllllWI Ulld 11l1l11l'ip:di1\) COllnIV, I'cl1l1s{I'''l1ll1, with 8oili~IL~I'r...!1II!L~~17007 Dl'Cl'lI de Il , , ,hell sa \l':II' oi agt.', died June 26._____, 19..9.1._~~, al Holy SpirH lloRpital . Eaat Penn8boro TOwn8hip__~_________, L'''l'Pt ,,~ lnll\I"..., dl'u'.h:llI did 111ft many, wa.... floj (.!iVO!'l'l'd and did not have (\ child born Ol' adopted ant'!" l'\l'l'UIIOI\ l\! tlil' HlIlldkrL'd fnl' pr{)hill~; was 11011111.-' victim of it killing and wus never udjudi,catcd inf.'OIl\lWll'lll: _"_______.___~____ I k'l,'l'IHil' 11 I at death ll\\lll'd prnpl'l'l\' with L.....llllltltl'd Vllllll.'" HI., follow..: (If dnlllll'ikd ill 1':1.1 AllIK'I\llllal propl.'rl~ (I f l)(it dnllliL'lll'l.l ill 1',1, I I't:r\olllll pr(1lwrty ill Pl'llIlsyh'ania (II llill d\'lllllL'lIt'd ill I',l.! IJl'l''lonal propl'rt~. ill ('{\Unl~ VaItH' \Ii" Il.'all,,,tttll' III PCllll",~'I\'allia ,illl:ll,'d :I' 10110"" I':,~' P..rIl1~n Drlve._Bol11ng.Sprloga. $ skggg: gg-~~- $ ..---------------...-.-. $___m._......_..___..._ .u~,_.. $ 10.4. o.o.o....!!JL_._~ PA, \\ IIU{UlliU', pl'liIlOllt'r('! rt"I1t'l'll'ully reqlll'\'(') Ihl' p,ol1l1ll' or the 1:1\1 will al1d eodidl(s) pt"fl'...t'llll'd 11l'1'(,\\'llh alld till' grant of Il'lle!'s testamentary _.____.__~~.__.. tl1l'I\1II, (ll';,(<Illll'll(ilIV: adlllilll\tl,lllllll ..;.1,11,; udminl\lrl\linn d,h,ll.~,t,tl,) ~ ,? : .:.:t; "" r; ~:g . .C~(~(d"(l . .()~rol RaineY"15~=~=____== tj to- .s".c:ln__A~"u'_;!L_I4C)(J..cf"...._~,.__~.~ ..::T.<t II Ll \'\ a.-":"~"- ....I:;:Lf'"--~ < I - ... .(0- ~ '::3 ~l, 'jj .._-----~-~-,-- , ,--_._-~-..~- .-~..-.__._._._---- OATl1 01' PERSON A I, REI~RESENTA T1VE COI\IMONWEAI.T11 01,' 1'1';NNSnVANIA COIINT\' (W (~Ul.b...dand I 'u i' M~ Till' pl'I[IH11l~1('" ahun:-Ililllh'd \\\l'lIr(<,) or affirl1lts) thai I Ill' "tall'tHl'llh in the foregoing rctltlon arc tnll' ;lIlt! l'(lnV~'l If) Il]v Ilt",lll!' lht kn'.l\\kd!'_l' alld hdid of I'l'litiolll'l'b) and thaI us pCl'sollul rcpl'cscn~ 11I1;\'l't.,) ()f till' aoil'.l' dl'iYlknl \Wlllitl1\l'I(") will wl'lll~~.ld truly ~.ldlllilli)tcl' lhe cstillt.' uccordlng 10 law, S\\o'n I" 0' ,,1I1~"ll'd :llId ,1I11"',il1('d l J.((I..( I f:t~{}':A".~:i__ .___.._,__...._.. (;.I') I.Wl'(Il"l' Illl l!li,- d.l.!.)" ()I I __(l_.~' _ _ __ ..1uly jq 'JI ...--~---_.--- C:l 'C(J'"':l~('.ltl.v"'; f!< .C.Q. :;CL~ 1 ..~-~- ~ o I) 1'1 q U('gl,w'r l . . n_.~_______ ~ ,5- ',; t~ <-'- , ,,' r" I () r., (~j 0\' a; . ~ .~ ~ ~cI\ g~ =i ., i I ~a ~I ~I i 1 I I- ..... 8 ~I ~, I ~~ , a i ~ , " ,'. . , , , . , , " THE LAST WILL AND TESTAMENT OF JAMES HUGH PITTS Bel nil of lawf u I age and 1I0und and d I .polIl nil ml nr.! and memor y and not act I nil under any dure.s, fraud, undue Influ.n~e or induoement of any perllon, I, JAMES HUG~ PITTS, a domiciliary of 900ne, North Carolina. ITEM I Hereby make, publillh, and declare thill my la.t Will and Te.tament, reVdklng and rendering null and void other Will. and codicil. heretofore mllde by me. ITEM 2 I direct my Executor to pay the following all soon after my death a. may be practicable. a. All of my jUllt debt. and the ex penile. of my la.t illn.lIl1, funeral and of the adminilltration of my elltate, but my Executor need not accelerate and pay thon unmatured obligationll which, in hill opinlol1, it might be proper and more advantageoulI to retain or renew and pay all they become due and payable. b. All inheritance, tran.fer, est.te and .imllar taxell (including Inter..t and penal tie.) all.ell.ed or payable by rea.on of my death, on any propert,y or' Interellt In my elltate for pur po.. of computing taxe.. My executor shall not require lny beneficiary under this will to reimbur.e my estate for taxe. paid on pr'oper'ty paulng under the terms; of thi.. will. ITEM 3 TESTATOR _ The term '''Telltator'' as; used in thl. Wi II refers to the maker of thi II Will, whether male or female. EXECUTOR - The term "Executor" as; ulled in thill Will referll to the per.on I appoint to execute thiB Will, whether male or female. SURVIVAL - Whenever a provision of this Will conditlonll a beneficiary'. taklnll by that beneficiary lIurvivinll the Telltator, Buch condition of survival IIhall be construed a. a condition precedent to the validity of the gift, devi.e or bequeath, and lIuch condition shall be satisfied only upon survival by the beneficiary for a period of thirty day. after the date of death of the Te.tator or until thill Will is probated, whichever shall be the first to occur, unle.. expreul y IItated dtherwi lie in a provision of this Will. PAGE ONE OF EIGHT PAGES .c/~ ~t ck' fb!fl._ tA tiW -- CHILDREN - ThlM t.,.m "chlldr.n" II us.d In this Will .hall Includ. .ny chlldr.n h.r.aft.r born to or .dopted by m., and .ny minor stepchildren IlvlnQ with m. at the UIlI" of mY duth. AI w.11 I\lI the chlldren I now have, Amy Klth.ryn Pith unle.s expressly st.ted otherwl.e In lame provl.lon of this Will. ~J!!Q!! _. Th. term "Minor" .. used In thl.. Wlll mun6 a perlon under 20 y..r. of IQt!. DESCENDANTS - Th. hrm "D..c.ndanh" .s uwed In this Will mun. the Imm.dlat. Ind r.mot. lawful Ilne.1 d..cendants or offspring by blood or adoption of the per.on r.f.rred to who are In being .t the time they must b. I.certlln.d In order to glv. effect to the reference to them. PER STIRPES - The t.rn, "P.r Stlrpu" as used In thl. Will m..ns that wh.nev.r iITltributlon II to be made per stirpes, the IIltate or portion of the .It.te, to b. so dlstrlbullld. .hall be dlvldlld Into as many Iharea .1 thllre Ire lurvlvlng h.lrs In the n.arnt d'Qree of klnlhlp to the decedent .nd d.ceu.d p.r.onl In the s.m. d.gree of kinship ~Iho 111ft lasu. who lurvlve the dec.d.nt. This degree of kinship Ihall be termed the root g.nOJration. E.ch surviving heir In the root gllneratlon Ih.ll take one full Ih.r.. Thos. remillnlng heirs. I... the survivlnQ I.su, ~f the d.c....d personl in the root g.n.r.tlon, Ih.11 take the .hlr. of th.lr d.c....d ancelltor in the t"oot gen.ratlon. .uch share being divided In the following manner I e.ch aurvlvlnQ I"u, shill tlke the fr.ctlonal Ih.r. that hi. or her Imm.dlate ilncestor would hilV. t.ken h.d he or she survlvedl and ~Ihen th.re ilre two or more .uch .urvl.vlng inu. In the IiImll degree of kinship th.y .hall divide such frilctlonill shar. .quillly ilmonQ them. PER CAPITA - The term "Per Capita" as used In thll Will m..n. th.t when.ver djit;~on Is to be mild. per cilpltil, the estlte or portion of the estat.. to b. so dlstrlbut.d, shall be divided Into as many equ.1 shires .. th.re ar. survlvlnQ I'SUII, star,dlng In the same deQree of kinship to the dec.d.nt.. Distribution .h.11 be m.de without ref~r.nce to right o~ r.pr..entiltion of the i1ur vi vi ng Issue. ISSUE - The terln "Issu." .. used in this Will meana all p.r.ons who ar. a;;c;nded from the per.on r.ferred to. elth.r by legitlmlt. birth to or Idoption by th.t p.r.on or any of that desc.ndant's I.gltlmately born or leQally .dopted desc.ndant.. INTENTIONAL OMISSION - I h.ve int.ntlonally omitted to provide for any relativ. or other p.rson. not n.m.d a. I b.neficllrv, und.r this my La.t Will .nd T.st.ment, wh.ther cl.lmlnQ to be .n heir of mine or not, unl... oth.rwlse provided for In this my Last Will and T.stalllent. ITEM 4 I hereby Qlve, devls. and beql"lth all the rest, resldu. and r.malnder of my ..Id e.tate .nd property of which I may die selz.d .nd po......d. and to which I maybe entitled .t the time of my death. of wh.tsoev.r kind and nature, PAGE TWO OF EIGHT PAGES / I . L--lJ,.. ~ ,-# ~ (.;1'1 M_ ~ .nd wn.r..o.v.r It m.y b. .itll.ted, b. it re.l, per.onal or mbl.d Includln\l .ny power of .ppolntm.nt th.t I m.y hav., .bsolutely .nd In f.. .Imple for.v.r to my children, who .h.ll .urvlv. m., In .qu.l .h.r.., .nd to tn. I..U., livinG .t my d.ath, of .uch childr.n who .hall pr.d.c.... m., per .tirp.. and not p.r c:.1lpih. ITEM !5 In the event th.t the .bov. beneficI.rie. .h.11 not .urvlv. m., I h.r.by \live, d.vi.e and bequ..th .11 the r..t, r..ldu. .nd r.maind*, of MY ..id ..t.te .nd prop.rty, of which I m.y di. ..iz.d, and po......d, .nd to which I may b. .ntitl.d .t the time of my d..th, of what.o.v.r kind and natur., and wh.r.sosv.r It may b. sltUollt.d, b. it real p.r.onal, or miM.d, includin\l any pow.r of appointment th.t I m.y h.VII, .bsolutely Ind in f.. .impl. for.v.r tal Brent Pith, Carol Rat ney, DI <line Lamb.rt, Chr'stopher Pitts, .nd Rlch.rd PI ttll, In .qu.1 Ilh.res. ITEM b NotwithstandinG the for.golng provllllons, In the .v.nt that any child nlm.d herein I. a minor .t the tlm. herein .fflMed for distribution, I her.by give, dllvl.. Ind b.qu..th any portion of my ellhte design.ted to be distributed to my children to my Tru.t.e, nam.d herein, to hold and m.nag. for my chlldr.n In .ceordane. with thll provisionll of thill will. Th. primary pur'pose of this tru.t I. the .upport, mainten.ne., w.lfar. .nd .dueatlon of my chlldr.n. To that end, the Tr.u.t.1l may .ccumul.t. .nd add to the princlp.1 thll incomll from prlnelp;ll to the eMt.nt permitt.d by l.w .nd .h.ll p.y or apply .ueh Income as the Tru.t.e elect. not to Iceumul.t. to or for the us. of my children until the termination of the tru.t. If the Incom. .nd other fund. avail.bl. to my Childr.n Ir. insufficI.nt for the lIupport, m.lnt_nanclI, w.lf.r. and .duc.tlon of anyone or mar. of th.m, the Trust.. m.y p.y or .pply for the b.nefit of on. or mar. of my Chlldr.n so much of the prlnelp.l of the tru.t .. the Tru.te. considers n.c....ry for the purpo... of the trust. Th. Tru.t.. need not dlstribut. .Ith.r incom. or principal from the tru.t in .qual .har'llll, .nd he mlY eMh.u.t the .ntir. incom. .nd'princlpal of the tru.t for the b.n.flt of on. or mar. of my Children, to the eMclu.lon of the other., .ubject only to the prlm.ry pur pas. .t.t.d in the pr.c.dinG p.raGr.ph of this Articl.. In clrryln\l out the purpo.. of this tru.t, the Trust.. m.y distribute incom. and princip.1 directly to my Chlldr.n, if .uthoriz.d by I.w, or to the Gu.rdlan or to a p.rson with whom the Chlldr.n re.ld., or on b.h.lf of my Chilclr.n to any oth.r person. Any and all p.ymlJnt or paym.nts of.ny sum or sume, whether In c.sh or In kind and wheth.r from prlncip.1 or Income, p.y.ble to or on b.h.lf of my Children, sh.11 b. made upon the .ole r.celpt of the r..p.ctlve Individu.l to whom the payment i. m.d., .nd fr.. from anticlp.tlon, .llen.tlon, ...Ignm.nt, .nd pledge, and fr.. from control by the cr.dltor. of Ilny such Chlldr.n, and sh.1I not b. liubj.ct to any I1M.cutlon or att.chment. (i;,"II'(/- (~ /' { PAGE THREE OF EIGHT PAGES ~ .fdl tIW I do not wi.h to create, or p~rmit to mxi.t, uneconomical arrangement. of mere h.rm th.n benefit tb my Children. Whenever, In the Tru.te.'. good bu.i"e.. judgftlent, A trust .hall no longer u~," good economical ..nl. (pre.umably becaun of Ita llm.all .Iz,,) In light of my Children'. b..t Inter..te, the Tru.tee i. authorized to take .uch .tep.. including terminaUno the tru.t And turning Its ....t. over to my Children Dr th~ir Guardl.n, a. h. .hllll deem In my Ct,jldren'. be.t Interest. 'fhe power. the Tru.tee my exerci.e In carrying out, the purp099 of this trust are set forth In It.m iO below. Upon the 20 blr'thday of the younge~t of my Children living at any Ume, or upon the death of my youngest Child living at anytime If my other Children then living .hall all h.avB then r....ched the age of 20 y..rs, or upon the death of the la.t to die of all my Children If n~ne of them .hall reach the ago of 20 Yl'llrs, whichever event i. the first to occur, the tru.t .hall terminate and the Trust.e .hall divide the remainder of the principal and accumulated Income Into equal .hare. and shall dl.tribute tho.. .hare. a. followsl a. one share to each of my Children then IIvingl b. If any of my Children are not then living, then hl6 Dr her .hare shall be distributed amono hi. Dr her descendents then llvinOI c. then living, Children who .ubparagr aph if any of my Children are not then living and l.ave no de.cendent. then his Dr her .hare shall be divided equally among .uch of my are then living, Dr their descendant. then living, a. .et forth in i and 2 above. 1 nominate and appoint the below-named individual a. my Tru.tee, Dr alt.rnate Tru.t.e .hould the named Trustee for any r"a.on refuse Dr be unable to .erve or to continue urving a. my Tr'u.tee. Except AI otherwl.e provided by law, my Tru.tee shall not be required to qualify or file any account during th, adminl.tration of the trust, but ehall render, at le.st annu.l1y, to the current Beneficiary or Beneflclarie., a listing of all Investment. and tr.nllActlon. undertake" during that y..r. a. Tru.tee. Carol Rainey b. Al ternate Tru.tee. Mary PI tt. ITEM 7 1 hereby .appoint Carol Rainey a. Executar of my Will. If mY Executer fail. to .erve, or for any rea.on fail. to continue to serve, 1 then appoint Helen Dotson to s.rve a. Executor. PAGE FOIJR OF EIGHT PAGES ~f.I7f at ~~ .~ 4l1!1d ITEM B I dlllonatl ~y E~lcutor to be an Indeplndent E~acutor to the +ulla.t e~tent p.rml..lble under the lawl of t.he state of North Carolina. I direct that no bond or other ..curlty ba requlrlld. 1 further direct that no action be Ilad In any court relatiYI to the admlnlltratlon of my e.tate other than to proye and record this Will and to return an I nyont.ory, appral nil Md II lit of cI dm. of my e.tatll. IrEM 9 In the IlYllnt tho1lt I llhould die IIAYlng a minor chUd or chUdren .urYIYlng me, I herlby appoint the below-nallled Indl yldual to serYI II dlllgnated guardian, or Alternate guardian llhould the named guardian be unabll or unwilling to ..rye, or t.O co"tinL'1I t.O &erye, al sLlch, of the person and property of each ",Inor child of mine who Ihould llurYiYI me, during hil or her mi"orit.YI a. Guardian, Mary Pitt, b. Alternate Guardianl Carol Rainey No Bo"d Ihall be requi red of any GLlardi an namld in this Will. ITEM 10 My E~lcutor and/or Trultee, If applicable, Ihall haye the following power., which arl to bl con.trued In the broade.t manner con.l.tent with the yalldlty of this Will and with their duties III flducil4r1I1l. The powerl .tated herein are not Intended to be .xc1u&iye, but shall be in addition to tho.e gr.nt.d by law and .hall al&o perto1lin to any adminl.trators or trustee. who lucceed thl flduciarlel I haye appointed. These powers arel a. to take PO&lelllon of property, to keep It .afely, and to Ilgregate It from ather property owned or held by the flduclarYl b. to retain and to Inyest in property, or an undlylded Inter..t In property, Including relldentlal real eltate, for .ny period, whether or not the property be of the ch.rader permll.lble for InY"ltment by flducl arl", c. to &III, tran'ifer, exchange, Ie..., rent, mortgage, pledge, glye options upon, partition and otherwlle dlspole of real or perianal property, at prlyate or public &ale, for cash or upon whateyer terms the fiduciary deem. .dYIllable, without notice or order of courtl d. to render liquid my Il$tate, In whole or In part, and to hold cuh or readily marketable securltlell of little or no yield for luch period a. my fiduciary deemll adyll.ble, PAGE FIVE OF EIGHT PAGES (J#"'7fI2t i<-tJY\ -e.d ~ " . IN WITNESS WHEREOF I have h.r.unto ..t my hind Ind ..11 In the pre..nc. of ." 'f" ...... "". '1/:'" hr.."", p'bll.." "It 1111.. d., of _ t~_~. (;' (SEAL) ATTESTATION on thi. _1.9.- dlY 0'1 --Af'~/l 19.&, ,JAMES HUGH PITTS, t.he T..tlt.or, ptr.onally Publl.h.d Ind D.cllrld the for.golng LI.t Will Ind T..tamlnt, In the pr...nce o~ .Ich of u. Ind III of u. tog.th.r, who, It the T..tltar'. r.que.t, per.on,lly wltn....d the Te.t,tor Sign and S'II th..ame. W. th.n, It the T..tator '. r.quest. Ind in the pr...nce of the T..tator Indof .Ich oth.r,ll.o slgn.d .Ich pig. of the .lld docum.nt I' wltn'..... W. furth.r .tlt. that 'Ich of un b.llev.. that at the tl~ the T..tltor .M.cut.d the foregoing in.trument Slid T..tator WI' of .ound mind Ind m-.ory, of llwful Ig.\ and did .0 eHlcute It a. I free let Ind deed and not under the unlawful I!)flu.nc. of Iny per&on. NAMEI ~Cl&-W,f(c~~. NAMEI~.L, )j~ NAMEI &k~--M)~ ADDRESS I JbS FOx' tk',. f\l,hWICStueG \ 61J ADDRE88 I 7/.;( C; 08,.; /):l/~tl,. C,4~/~/ti I 1'19 ADDRESSI1!!f1i:wA....ILf(.' (!M.L.iS~ J IIf PAGE EIGHTDF EIGHT PAGES 1'1 ,/ I'> IIt'lI!lOOP"l'tll j-><~l. ... COMMONW~5YLV^NI^ OfPAR!MfNI or Rf'lfNUl' OCP! 180eO\ HA I 0 rA 111 I OI:CfQfNT'S N,y,lE ilASl FIRS I ANllMIO[l1 [INI11.4.l1 ~". bl.n~ bled to MCll'm fl'Q(d' \' II, \ REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT ,~(}l' IY ( , I,1,IIiMll ill FU NUMBER 2197-0561 ffi Q ~ W Q PittH, ,lllmeH II, II/k/II ,llImeH 1I11gl".H SOCmE(;(IHllYMJW1FfI ' O....T\'otOE.A.111 OAlf()fAIHtil / 97 3 /16 /39 THIS RHURN MUST RE FILEO IN O(JPU~AtE WITH 101' REGISTER OF WILLS 2/.6 5f! _ 662f! 6 /26 {If APPLlCAiiL~.1 StlR'llVlr4G srOuSEf, N,ljAf (l"-Sf _ ~IRS'_ AND ',IIODl!: INlflAll SOCIAl. ~fCURllY tluMfWR I!9c 1. Onglnal Return 0 2, supplemenlal Return 0 3 RemalndtH Rolurn (d"llll\rdUlhp"llfIQ 12-1)~11 o 4_ Limited Estate 0 48. Future Interest Compromise (dalll~rdf)alf\it~~' 12.\2,~2) 0 5 Fedcml Estate Tall Retllm Required H 6. Decedent Diod TOSlale (An...:h cncron'/ill) 0 7, Decedent Maintained a living Trust (ft,It~n ~OJIfol1ru~l) 8_ Tolal Number of SAfe OeooSil Oo~es o 9. Litigation Proc8f1ds Reoolved 010. Spousal Poverty Crad!! (dlleo'~llhbeNl'(ltn 12-)1-91 Md \.1,9~) 011. Election 10 lax, under Sec_ 9113(A} (An,l;:~S<;~; THIS SECTION MUST BE COMPLETED, ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATiON SHOULD BE DIRECTEDT5:-- NMIE..... COMPLETE: MAIWjQ AO(lHESS Susan J. Otto, Esquire Ihmclln & Otto FIRMN"'M{(I'~~I'~'blel ---- 1 lrvlnu l{ow _Duncan & Otto CllrHHle, I'A l70t3 l(:lEPHONENUMBER 2 -7780 " , '(i 1, Real Eslale (ScMdule AI 2, Slocks and Bonds (Schedule B) (1) (2) 120 900 00 I' 3. Ciosely Held Corporollon,Partno"hip or SOlo.Proprtolo"hip (3) z o g ::l t: ~ ~ 4 Mortgagos & NOlos Receivablo (Schedule 0) 5. Cosh, Bank Deposits & Miscellaneous Po"onal Property (Schodulo E) 6. Joinlly OWned Property (Schedule F) 7, inlor-Vlvos Translo" & Miscellaneous Non.Probate Proporty (Schedule G or L) 8, Total Gro.. Allotl (Iotal Unos 1.7) (4) (5) (6) (7) 1 5 1 7 .58 <:.:;' ,''', ():J 9 2 7 98 (8) 136 , 9 4 5 ,56 4 0 1 3 7 2 5 7 53 , - 1 9 ,6 8 8 ,03 1 9 6 8 8 03 9 Funeral E,pensss & Admlnlsl,alive Cos~ (Schsdule H) 10 DobL, 01 Decedent Mortga9s Liabllilles, & liens (Schedule I) (9) (10) 21,497 9 5, 7 60 11, Total D.ducllonl (Iotalllnes 9 & 10) (111 12 Nil V.lu. of Eltate (lIno B minU9 line 111 (12) 13, Cherttablo and Governmental Bequesl!!Sec 9113 Trusts lor which allelecllon tc lax has nol been 1131 madelSchedule JI ~ ~i CJ 14 N.t V.lu, Subject to T.. (Uno 12 minus lineD) 15, Amount oiline 14 ta'eble at the spousal tax rate I I See InstruC1ions on revers8 side lor applicable percentage t6, Amounlolllno14 taxeble 01 6% 18le t 7, Amounl 01 line 14 taxoble 0115%"10 (14) x ,0 1151 1 8 , ,06 1161 I, 1 ?, 5 60 1 3 9 20 - I, 2 6 4 8 0 '-'-- o 5 9 8 7 6 0 927 , 15 {1'1 (18) 18, Tax Dua 19. > > BE SURE TO ANSWER ALL QUESTIONS ON REVERSE SIDE AND RECHECK MATH < < ~nflltie~ of perjury, I declare that \ h.... e~am!lled Ihis falum, Including accompanying schedulo~ and statements, and to 1M best 01 my ~nowled90 11M 001101, illS 11\10, COH~I and comuit1ltl Ded~rallon (If prollllft!' 01110' I 1\ I 1l.'lrI' ich llf8Dafer ha.'l anv knowl8dae SlrJ2{R;jPERS ESPON.,SIBLE FOR flUNG RETURN ~~RESS ". '~K<<. " ! SIGNATURE OF PREPARER OTHER HAN REPRESENTATIVE ADDRESS >21!f ';/Lf' , I /' i~ - - / '.- ' ~ -'t. . {U>' ,J fr" li'/ . ,~;U r DATE .2 ,/t. ~.'r DATE Decedent'. Com I.te Addr.": ~. StREEI AOOflESS --- I ~ I'cnili1\lI\OIl Drlve --- SlAtE I'^ ZIP 17007 CIl'l I\n II t ng Hpl' I ngB Tax Payment. and Credit.: 1. Tax Due (pege 1 Line t8) 2, Credits/Payments A, spousal Pove~y Credit 8 PliO! Payments C, Discount I. Z64 .1\0 - (') Tolal Crodlts (A. 8. C) (2) 0 3, InlerosVPonally it applicable D, Inter~st E,Penally -- 1.264.80 4, TotallnleroSVPonalty ( 0 . E ) (3) If IIno 21s greater than line 1 . line 3, enle/lhe difference, This Is Ihe OVERPAVMENT, Chick box on Plgl 1 L1nl ,. \0 fIIIuntl rtlund If line 1 . line 31s graatar than IIna 2, entar tho difference, This Is the TAX DUE. A, Enter the Inlerest on the tax due, 1.26/,.80 5, PLEASE ANSWER THE FOLLOWING QUESTIONS BV PLACING AN "X" IN THE APPROPRIATE BLOCKS 1, Old decedent make e traneler and: Ves No s, retain the use or Income ollhe property translerred; ....,.......................,..,........,..,............,.... 0 [RJ b. reteln the right to deolgnele who shall uselhe property trenslerredpr Its Income; ....,.......,.., 0 [RJ c. relaln a reversionary Interest; or.....,......,.....,....,..,.....,...........,......,..,....................................., 0 [El d, receive the promise lor 1I1e 01 elthar peyments, beneftts or care? ...................,.........,.......,...0 [ill 2,' If death occurred on or belore December 12. 1982, did decedent within two yeers preceding death transler property without receiving adequate consideration? II death occurred sftar December 12, 1982, did decedent transler property within one yeer 01 death without receiving adequate consldoratlon? ........,..,.........,.."..................,..........,........,..........,................,' 0 [RJ 3, Did decedent own an 'In lrusl lor' or payable upon death bank account or security at his or her death? ""..............................,.........,...........,.............,........,.....,............................,...0 0 4, Old decedent own an Indlvlduel retirement account, annuity, or other non-probate property?.... @ 0 IF THE ANSWER TO ANV OF tHE ABOVE QUESTIONS IS VES. VOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN 12 p.S.li9116 (a) (1 ,1) (I) provided lor the reduction ollhe tax rate Imposed on the net value ollranslers to or lor the use ollhe surviving spoule Irom 8'10 to 3% lor datel 01 death on or aftar July " 1994 and before Januery 1, 1995, 12 P,S.li9116 (a) (1,1) (II) provided lor Ihe reduction 01 the rate Imposed on the net velue oll..naleralo or lor the ule ollheBurvivlng Ipouse Irom 3'10 to 0'10 lor dates 01 desth on or after January 1, 1995, The statute does notexemDt a trensler to alurvlvlng spouse Irom lex, and Ihe stetutory requirements lor dllclolure 01 a8lets and nllng e lax return are stili eppllcable even II the surviving spouae Is Ihe only beneftclery. FOR DATES OF DEATH ON OR AFTER JANUARV 1,19'5. Please enswer the lollowlng question by placing an 'x'ln the approprlete space. Old the dac.dant craate a tru.t or almlfar .rrang.ment which la .olely for the eUNlvlng .pou..'e benefit for hi. or har entire 1I1atlme? Vea 0 No ~ II you anlwered yes to the ebove quesllon, the lex on the trust or slmller arrangement Is pOltponed until the daath 01 the sscond 'spouse, at which time It will be lully taxable at the rate(s) applicable to ttle remainder beneftciary(les), Enter the value 01 the truet on Schedule J, Pert II, In order to remove It Irom the celculallon of the tax due In Ihls estate, You may wish to nle Schedule 0 In order to make Ihe olecllon available under Secllon 9113, IIlhe elecllon Is made, the trust or similar arrengemenllstaxed In the estate of the ftrst decedenllpOUSe, the portion 01 the trusl or similar arrangement which benefttsthe ourvlvlng spouse Is taxed atttle zero tax rate, and Ihe remainder Is taxed althe fale(s) applicable 10 the remainder beneftclary(les), II you choose to make the election, you must a"actl Schedule 0 10 a tlmely.flIed tax return, along wllh Schedule(s) K and/or M In order 10 show the apportionment 01 the tlUlt or similar arrangement between the surviving spoUle and the femalnder boneftclary(les), ...t ~EV.rU02 01. (I U51 ~;'j COMMONWEMTH Of '~NNSYlVANI^ INtlIltlfANCf 'A~ IIflUMN ItfSUltl'l1DlCfOfNT SCHEDULE A REAL ESTATE ISTAn OF flU NUMBIR .!/IInoa H. Pitta 2\97-056\ (Prop.rly lolntly,owll.d with Right of Survivorship mu.t b. dllClo..d on Schadul. FlAil r.ala.tat. .hould bl ..portld at folr mark.t velua which I. d.fln.d o.lh. prl.. 01 which property would bl ..chang.d b.tw..n a willing buyer and 0 willing ..lIer, nllth.. b.lng compall.d to buy or ..U, both having ..a.onobl. knowl.dg. 0' Ihl ..I.vont 'aclt, ITEM NUMBER DESCRIPTION 1. 15 PorsImmon Drive Hoiling Springs. PA (soe attached HUD-\ settlement otstament) ,i '- ' 1"- _~-.--------,__.__..~~_.... n______~_~.~.,__, _,________~ VALUE AT DATE OF DEATH \20,900.00 j-- ___.~.......m.._....mJ()T...~lAI_,o..nler on Una 1, Recapitulation} (If more .paco I, needed, In.." addlllona/.heo', 0' .ame .1%1,) s 120,900.00 ._'i :,_,-.'-~-~~~~~~t,'-t~'i<"~;>,--"'""o1~~~ti'#O---'- James H. Pills Estate Personal Propery . I, Danish silver 2, Great Books 3, Sectional bookcase 4, Norilake China. 24 piece selling 5, China lamp 6. Bedroom suite 7. Side tables wi bedroom suite 8, Rolex watch 9. Teak dining room set 10. Teak sideboard 11, Crystal set 12, Silver cigar box 13. Paintings 14, German clock 15. Teak table 16, Coffee table 17, Box speakers and receiver 18. Nikon camera equipment 19, Gold ring wi diamond 20. Ski equipment 21, Crystal decanter 22, 6 beer steins 23, Lando great dane 24, 2 samsonite suitcases 25, tennis racket 26. Ray Goodman painting w/frame 27, Bookcase 28, Pepper mill 29. Spice rack 30, Telephone 31. Oak dresser 32. Thermal pitchers 33, Coffee mill 34, Miscellaneous books 35. Remington 870 12 gauge shotgun 36. Irish crystal budvase 37, 1rish crystal rosevase 38. Irish crystal vase 39. Austrian crystal cake dish 40, Bookcase 42, Karistan rug 43, Framed Whitaker print 44. Framed heirloom print $25.00 25,00 300,00 75,00 20,00 350,00 20,00 500,00 250,00 100,00 100,00 50,00 50,00 125,00 75.00 25,00 70,00 100,00 1,000.00 40.00 10.00 10,00 10,00 10,00 10.00 10,00 50,00 10,00 10.00 5,00 75,00 10,00 10,00 200,00 300.00 10,00 10,00 10,00 10,00 25,00 250,00 75,00 100,00 ,James H, Pitts Personal Property Page 2 45, Cherry butler table 46, Cherry coach table 47, Framed print of Indian Maiden 48, Indian wall hanging 49, Blanket chest 50, ihomasville highboy 51. Wing chairs 52, Sofa & loveseat 53, Clutch bed 54, Mirror 55, 2 Oriental Express lamps 200.00 75,00 100,00 10,00 150,00 350,00 50,00 250,00 75,00 25,00 20,00 ,Total' 5825,00 ,- -, , ;; 'i',' ' -,." ., -i- ll~i II ~..' !!!l ~!i1 ~ 1~'- I g ,II! i I .,& ~ !~Ic ..~ ,1~; .. ~ ~ i ilWI1 it ~ ql:' I n Rl JI;h ~ p. 000 0)( g i! 1,1 I " . ~ I ~ ~ I Ii !" ~ IS ;.; I~.'ii .... -- 11 .... ... -- o ~ --; ~ I ,I ~ E~ 9 ;il i ~ ! i . l!l ~ 5: :i: U _ . il ~ I-.i ~",iE ~~'" i;i~ ..;= ei:el ~ rgf'l ~:!~~ I g . co I l;l ~ ;; ... or ... g ... .... ... . .... g .; ; ~ l!!lG ~I; '"'au I;J r; I.V.ISH". llU', *' COMMONW!AlTH 0' PlNNIVLvANIA INHUIIANCllAk murN UIlOINI arClalNI SCHEDULE F JOINTLY -OWNED PROPERTY .Il1m.,s H. PH ts ~===~~~='=~:==-~~ '['~'N~~~~OS6.~-~ IITATI 0' J.lnt t...ntloll NAMI A. Mary A. Pitta ADDRIII R~ONSHIP TO DICIDIN!._ none 6268 IIl1ndnJ.uro E1 PIISO, TX 79912 .. C. J.lntIV.own." p....."VI ITIM LmIR DATI POR TOT AL ~ ALUI DICD'S DOLLAR VALUI 0' NUM..' JOINT MADI DISCRIPTION 0' PROPIRTV 0' A lIT '"'INT. DICIDINT'S INTUnT TlNANT JOINT . 1. A 5/8/97 Share Savings Account Members First FCU 109752-00 32.03 50% 16.01 2. A 5/8/97 Checking Account Members First FCU 109752-11 1823.94 50% 911. 97 . , . -- " TOTAL (AI.o .ntor on IIn. 6. RlCopltulation) S 927.98 (II more 'pac. i, ...d.d Inllrt addiflona',h.." 0' ,am. IIII) " 11UUI'1IIICC el.lms Depar\mOlll sm Bul Trindlll Road 1',0, llox 40 MeohanllltlbufS,I'A 170SS (717)697-1161 SftAllE SAVINGS ACCOUNT: Account Number/Suffix Date opened principal Balance at Date of Death Accrued Interest to Date of Death Name of Joint Owner, if any Date Joint Ownership Created 1 109152-00 7/20/89 $25,00 $7,03 Mary A. Pitts 5/8/97 2 CHECKING ACCOUNT: Account Number/Suffix Date Opened Principal Balance at Date of Death Accrued Interest to Date of Death Name of Joint Owner, ifany Date Joint Ownership Created 109752-11 7/31/95 $1820.63 $3,31 Mary A. Pitts 5/8/97 JlNESTMENT SAVINGS ACCOOO: Account Number/Suffix Date opened principal Balance at Date of Death Accrued Interest to Date of Death Name of Joint Owner, if any Date Joint Ownership Created IJ'IDIV1DUAL RETlMMEt-lT ACCOUNt: Account Number/Suffix DlteOpened Principal Balance at Date ofDeath Accrued Interest to Date of Death Name of Beneficiary ~ERS 1ST FEI>,E . //t:ti!( enlse A, Anders Insurance Department Supervisor Estate of James H. Pitts Date of Death: 6/26/97 Social Security No: 246-58-6628 July 14, 1997 p.I1113 - T.1\-. PIk-e p,O. IloK 8'JlDl WImore, MD al:1119 ro"" T....A..- 1 (lOll 63MlIIl7 ~s.rvla! 1 (lOll ~133 Account Statement -. Second Quarter 1997 1:"~&ke 'L lnvnl.1I nll.be, 778132 '01113&8 "T "/\UTO T8 0 0880 H001. I. ..11I11I11I...11.. .1,"11,1..1.. ,III" ,,1,,1...11.1,1.1. 1,,1 T Rowe P..... Tnul Co CUll Pot Ths 1l\A 01 ~ H Pill. 151'<sn1mmnn Dr BoIlIns Spr\n81 PA 1711Tl-9'lOl Announcing an exdllng now opportunily for _lkap lnyeoloCl'llw T, Rowe PrIce Dlvenlfled S~P Growth fl....d, Call111loday f...lnfonMlon on IhIa new fund 1ndudIr'8 a prmpocl.... P\IMe.- II carefully bel....lnv..lIng. Total Market Value $ 77,710.0:1 1~1 ;)"7~. '1'6 Jo<~ Dividend and Capital Gain Summary Taxeble Tax -free Ta~ - defened ToUl .,.., 0-- SO.OO 0,00 335,92 . 335.12 r".,....DsII $0,00 0,00 858,41 . 858.41 - - - - II 1P ef TM" of ",.,.,., fMI/Is, "ef .... RatlnM\III1t ~t ,.""" llrra.- ..a.-..."..... !?l~C!!'.'~_~~__,_._"..!~,,,_._....~.~.~~._...~.1~~~.5.,!;~!...-.._!)!.4~~.L.,,___._!~~_.!J_l!:!\O . II E~"t!~~~_._.__.,.,_.J.~._..-....~.9I!!.'.,,-..._---.!.?!..!~.!_--.__!!.!~~~,8~..._,,_-.~!..:~-_._.!.'!!~- - ~~~~.~!~.!~_".."_.._~-""..__.-~quity-..,,..,...",..,,~~!.!!~1!....._.___5.5~~:~,~-_.-."..-..!.:~--.._~~!~.- . ~~~~_~~-.-.."....,!~............~9~lty .._..",.__...!~~~~~~,!..._..--"-!!~~:.!.~,,._,-.,-~~!.,__2.5.2~- - HeI8llh SC!en<:e. IRA Equity 5.715.34 8.488.35 8,3 13.70 ...___~''''''''M,,,_,,,,,,,_~''_''''''''4,____,,_,,,,,,--'''''''''''''N'''''_'''''''-.....-,..--..-,..-...--..........----..--'-.........'.....'..'...'.......---..,_..._-'- ~~!~~.......-_.-._..!~._...,,_..~,,'!~,~,.......-''''_.-~.!!...o.~:!!,_."..._.__~,.35_!.:~,~_..,_.....".."~.8."._...,..E.~O'~ Total fItIU/IY /lXIdI $ 62,,871.98 $ 72.311.81 93.1" Emelglng MlllI\etI Bond IRA flood 4.782,811 5.338.41 8.9 ToUl..ur-nt $87,854.84 $71,710.02 tOo.o" Portfolio Summary 14.21 Tatallllll'ket value $87.854.84 . 71 ,710.02 Pap3013 Account Statement - Second Quarter 1997 iR:;~1. Growtmncome conftIIU<<I v.........o... Nihil" Tax - deferred dividendi Tax - deferred c..,ltal gain $ InlO . 20.43 ACCOlInllypll IRA A_I nu"'r 'IOOJm71.2 T.1e" A<<:eM cod. 76 Health Sdences 0." ~,~ 4/1 Beginning IlIIlance ~3 \ 897 Participant Ccntrlb, 8/30 Ending Balance ~t SMm'" 0rIM ....",.,. ..~,~~~_______.N____~___~__..... ..~---_..----_.,.._.__._. $ 5.71&,34 489,240 . 12.18 50.00 + 4,218 473,488 11.88 $ 8,488.38 473,4156 $ \3.70 ~d~~.j)~ ~ 'i.;2.q.53 A_II~ New Horizons IRA AccounI nu.wr 0." ",...,.'*'!' 400967185U 4/1 Beginning Balance T.1e" A<<:eM coM 4/3 !..897 PlIIllclpenl Ccnlrlb. 32 8/30 Ending IlIItence no~ ~I.ll; Lf ~'lO.D3 A_nllypll Emerging Markets Bond IRA A_I nu.bn 0." n......"* 101797478-8 4/1 Beginning IlIIlance Tele" ACC<!III coM 4/30 Dividend Aelnvell 119 8/30 Dividend Flelnvel1 8/30 Dividend Aelnvell 8/30 Ending Balance -"" ~t $ 4,782.88 33.83 33.93 31,82 $ 8,338.41 - .... ",.,. - . 19.28 - - - lB.89. . 22.02 _ . - - - - ._ ...___~Oa-' _ ~~_ . 388.479 . 12.98 371.007 \ 3.38 373.458 13.88 378.880 14.21 375.880 . 14.21 ... ... 0rIM 192.301 \97.595 197.895 ~t $ 3.703.72 100.00 $ 4.351.04 + 5.294 + 2.829 + 2.448 + 2,225 ...1.1d, 7.!IO'Ili for 30 dtIy8 tndtd 6130197 ",. 8,32% 011.'131/97 . ThIll dividend II fO\' 29 days vo. 32 .... month. 1)01) ~.Jl = b '3.;l.3. 8-q v".,......o." AdIPI" Tax - deferred dividendi . . 134.78 I02U1 11\,,1511".11.111 ITEM NUMBIR A. 1, 2. 3. 5CHIDULI H PUNERAL IXPINSES, ADMINISTRATIVI COSTS AND MISCILLANEOUS IXPENSES 1"0010 Print or T 0 James H. l':LttH 2197-0561 ------- DESCRIPTION Punorol Ixponl.11 Hoffman-Roth Funeral I\ome Funeral reception Stone - AustIn . IInrncH 1, 8. Admlnlltratlvo COlt11 262 94 8245 2. 3. A. C. 1. 2. 3. ... 5. 6. 7, 8. 9. Porsonal R.pre..ntatlve Comml..lon. Social Socurlty Numb.r of P.rsonal Repre.entatlv., V.ar Camml..lon. paid 1998 Attorney F... Duncan . Otto Family EK.mptlon Claimant Relatlon.hlp daughter Amy K. Pitts Addre" of Claimant at decadent'. death 15 Persimmon Drive St,..t Addr... City Bonin~ Zip Cod. 17007 PA Spri.n~s Stat'; Probate Fe.. - Cumberland County Mlleollan.ou. Exp.n...: G. Ulsh - house appraisal Short certificats - Register of Wills Sentinel .. legal advertising Cumberland Law Journal - legal adve.rtis'ing Death certIficates Reimburse exeutor .. travel from Florida & related expenses U-Haul rental for transporting estate property for storage Reimburse CKeutor expenses Charles Stringfellow - furniture appraisal TOTAL 1141.0 ontor on line 9, Recapltulatlonl (If more 'pace I. n..ded, In.ert additional Ih..t. of .ame .Ize,) AMOUNT 1,655.00 100.00 658. 26 6,847.28 6,047.28 2,000.00 294.00 100. 00 39.00 71.50 60.00 30.00 1,500.00 I,OIO.OB 250.00 35.00 $ 21,497.40 STATEMENT Austin & Ba~ Funeral Home (RUI".'.,~/llr'llllt/ll119,J.H99,J) 194 Queen Street Boone, North Carolina 28607 (704) 264-8888 ------~--_..._._-~..,~_.~_...-._.......-------- . Interest on unpaid l1)onthly balance, ,.--------- Terms: Net 30 days, December 15, 1997 Mrs. Carol Rainey 910 San Louie Road Tallahassee, Flod.da 32304 Re I Grani t.e Baae for Veterans Marker of Jimmy pitts @ pitt' Family Cemetery. ';'- 28 X 24 Grey Granite Base, unspecified engravIng, and installation Nc/Watauga County taxes Estima ted 'rotal $ 621. 00 37.26 $ 658.26 ..-..---.- --~ Carol, I am providing this information to you at the request of Diane Lambert. The exact cos t will be determi ned by the amount of engraving requested. Thank 'lou. ~wuJ~' Robert. W. Barnes THE LAST W1LL AND TESTAMENT OF JAMES HUGH PITTS Bein; of lawful ag. and sound and disposing mind and memory and not acting under any dure.s, fraud, undue Influence or Inducwment of any person, I, JAMES HUGH PITTS, a domiciliary of Doone, North Carollnal ITI;M I Hereby make, publish, and declare thl. my la'llt Wi II and Testament, revoking and rend,ring null and void other Wills and codici I'll heretofore made by mil. ITEM :2 I direct my El:ecutor to pay the following as soon after my death II may be pr act! cab Ie, a. All of my just debts and the eMpennll of my lut i1lneliS, funeral and of the administration of my elltatlll but my E::ecutor need not accelerate and pay those unmatured Obligation'll which, in his opinion, it might be proper and more advantageous to retain or renew and pay all they become due and payable. b. All inheritance, transfer, estate and similar taMeII (including interest and penaltl.'ll) as.essed or payable by rea.on of my death, on any property or Interest In my ntate for purpose of computing taMe'll. My eMI/Cutor shall not require any beneficiary under this will to reimburse my .state for taMes paid on property pa.slng under the terms of this will. ITEM 3 TESTATOR _ The term "Testator " as used In thi s Will refers to the mal:er of this Will, whether male or female. EXECUTOR _ Thll term "EMecutor" .. used In thi. 51 Will refers to the person I appoint to 8Mecute thil Will, whether male or female. SURVIVAL _ Whenever a provlllon of this Will conditions a beneficiary's taking by that benefl clary lurvl vlng the Testator, such condi ti on of lurvi val shall be construed a. a condition precedent to the validity of the gift, devi.e or bequeathl and such condition shall be 'llatisfied only upon survival by the beneficiary for a period of thirty dayS after the date of death of the Te.tator or until this Will Is probated, whichever 'llhall be the flr.t to occur, unle.s expressly stated otherwise in a provision of this Will. PAGE ONE OF EIGHT PAGES '- ti!!!- jJI''\ ..t& , , CHILDREN - Th. term "'childr.n" .. u.ed in thh Will .h.lI includ. .ny childr.n h.r..ft.r born to or .dopt.d by me, .nd .ny minor .t.pchi1dr.n living with m. .t the time of my d..th, a. 1'1.11 a. the childr.n I now h.v., Amy K.theryn Pitt. unl... ."pr..'ly .tated otherwi.e in some provi.ion of this Will. ~ - Th. t.rm "Mi nor" All used In th I 9 Will me.ns a per lion under 20 y.ar. of ao.. DESCENDANTS - Th. t.rm "D..c.nd.nh" lIS u..d in this Will me.n. the imm.diate and r.mote l.wful line.l descend.nt. or off.pring by blood or .doption of the p.r.on referred to who .re in being .t the time they mu.t b. ..c.rt.in.d in order to give effect to th~ reference to them. PER STIRPES - The t.rm "Per Stirpes" .. uled in this Will m..n. that wh.n.ver - distribution Is to be made p.r stirp.., the .state or portion of the ..tate, to be .0 distributed, .hall b. divided into a. m.ny .h.re. .. th.re are 'urvivlng heir. in the n.arelt d.gree of kin.hip to the d.ced.nt .nd d.c....d per..onl in the .am. d.gre. of kin.hlp who left I.sue who survive the d.c.d.nt. This d.gree of kinship .hall be termed the r~ot g.neration. E.ch .urviving heir in the root g.n.ration .h.ll take one full .h.r.. Tho.. r.m.ining heir., i... the .urviving iesu. of the dec....d per.ons in the root g.n.r.tion, .h.ll t.k. the .har. of th.ir dec....d ancntor in the root gen.rati on , .uch .hare being divid.d in the followlno m.nner. e.ch .urviving is.u. .hall take the fr.ction.l .h.re that his or her imm.diate ancestor would have t.k.n h.d he or she .urviv.d! .nd when there are two or more such surviving issue in the .ame d.gree of kinship they sh.ll divide such fractional .h.r. .qual1y among th.m. PER CAPITA - The term "Per Capitol" as used in this Will m..ns that whenever distribution is to b. made per capita, the estate or portion of the ..tat., to be .0 distribut.d, shall be divided into as many equ.l sh.r.s .s there .r. surviving issu., standing in the Bame dRgree of kin.hip to the d.ced.nt. Di.tribution .h.ll be m.d. without reference to right of repre..ntation of the survi vi ng i SIlLtIl. ISSUE - Th. t.rm "Inue" .. used in this Will muns all per.on. who .re d..c.nded from the person referred to, eith.r by l.gitim.t. birth to or adoption by th.t per.on or any of that descendant's l.gitim.t.ly born or l.gally adopted d..c.ndanti. INTENTIONAL OMISSION - I have intentionally omitted to provida for any r.lative or oth.r person, not n.med as a benefiCiary, und.r this my L..t Will .nd T..t.m.nt, wheth.r cl.iming to be an heir of min. or not, un1... oth.rwi.. provided for in this my Lalit Will and Testament. ITEM 4 I h.reby give, deville and b.qu..th all the r..t, r..idu. and r.mainder of my ..id ..tate and property of which I may die s.iz.d and po......d, and to which I may be .ntitled at the time of my death, of wh.t.oevlr kind and natur., C;1J'" ~ ,271 PAGE TWO OF EIGHT PAGES 'fr.JfII M ~ and ...ner..o.ver it may be lituahd, b. it r..l, perianal or mix.d including any po....r of appointment that I may have, ablolutely and in fee limpl. forever to my c;h il dren, ...ho Ihall llurvi v. me, in .qual .h.ree, and to the illU', Ii vi ng at my d.ath, of .uch childr.n ...ho Ih.11 pr.d.c.... me, per .tirpe. .nd not p.r CApita. ITEM :5 In the event that the .bove beneficiarills shall not survive m., I tlQrl!by give, devise and beque.th .11 the r..t, residue .nd rem.inder of my.aid .stat. and property, of which .1 may die .eized, and pOlles.ed, and to ...hich I m.y be entitled .t the time of my death, of ...h.tsoever kind and n.ture, .nd wher..oev.r it m.y be .itu.ted, be it re.1 personal, or mixed, including ahy ptlwer of .ppointment th.t 1 may have, absolutel y and in fee simple forever tOI Brent Pitts, Carol R.iney, Diana Lambert, Christopher Pitts, and Richard Pitts, i n.qual 'Iharel. ITEM 6 Notwith.tanding the for'egoing provillion., in the event that any child n.med herein i. a minor at the time herein .ffixed for distribution, I hereby give, d.vil. and bequeath any portion of my estat. design.ted to be distributed to my childrlln to my Tru.te., nam.d herein, to hold and man.ge for my children in .ccordance with the provisions of this will. Th. primary purpose of this tru.t is the support, maintenance, ....lfare and educ.tion of my childr.n. To that end, the Trustee may .ccumul.te .nd add to the prinCipal the incom. from principal to the extent permitted by I.w and .hall payor apply luch ihcome a. thll Tru.tell elect. not to .ccumul.te to or for the use of my chl1dr.en until the termination of the trust. If the income .nd other funds avail.ble to my Children are in.ufficient for the support, mainten.nce, ....If.re and education of .ny one or more of them, the Truste. m.y p.y or apply for the benefit of one or more of my Children so much of the princip.1 of the tru.t .. the Tru.te. con.iders nec....ry for the purpo... of the trullt. The Tru.tee nlllld not distribute eith.r income or principal from the tru.t in .qu.l Iharel, .nd he m.y exhau.t the .ntir. incom. and princip.1 of the tru.t for the b.nefit of one or mar. of my Children, to the exclusion of the other., ,ubject only to the prim.ry purpo.. .tated in the pr.c.ding par.graph of this Articl.. In carryi ng out the purpose of thi II trust, the Trultee m.y di Itribute incom. and principal dirllctly to my Chi1dr.n, if authori:ed by I...., or to the Guardian or to a per.un ...ith whom the Children resid., or on behalf of my Childr.n to .ny other person. Any and .11 paym.nt or paym.nt. of .ny .um or .um., wh.ther in c.llh or in kind .nd whether from princip.1 or income, payable to or on behalf of my Children, .hall be made upon the 101e r.ceipt of the rellpective indiVidual to whom the payment is made, and .free from anticipation, a1i.nation, a..ignment, and p1.dge, and free from control by the creditor. of any such Children, and shall not be subject to any execution or attachment. PAGE THREE OF EIGHT PAGES ~ .fdL EIW I do not wish to create, or permit to exist, uneconomical arrangements of more harm than benefit to my Children. Whenever, in the Trustee's good business judgment, a trust shall no longer make good economical senle (presumably because of Its Imall si~e) in light of my Children's best interests, the Trust.e Is authorl~ed to take such step., Including terminating the trust and turnl ng I ts assets over to my Chi! dren or thei r Guardi an, AI he shall deem, in my Chi Idren 's best Interest. The powers the Trustee my exercise In carrying out the purpose of this trust are Sit forth in Item 10 below. Upon the 20 birthday of the youngest of my Children living at any timl, or upon the death of my youngest Child living at anytime if my othlr Children thin I i vi ng shall all have then reached the age of 20 year., or upon the death of the last to die of all my Children if none of them shall reach the agl of 20 years, whichever Ivent is the first to occur, the truet shall terminate and the Trult.e ,hall divide the remainder of thl principal and accumulated income into equal shares and shall distribute those shares as followsl a. one share to each of my Children then living, b. if any of my Children are not then living, then his or her share shall be distributed among his or her descendents then living, c. then 11 vi ng, Children who subparagraph if any of my Children are not then living and leave no desclndentl then his or her share shall be divided equally among such of my are then living, or their descendants then living, as set forth in 1 and 2 above. I nominate and appoint the below-named individual al my Trustee, or alternate Trustee should the named Trustee for any realon refuse or be unable to serve or to continue serving as my Trustee. Except as otl1erwi" provided by law, my Trustee .hall not be required to qualify or file any account during the administration of the trust, but shall render, at least annually, to the current Beneficiary or Beneficiaries, a listing of all investments and transactions undertaken during that year. a. Trusteel Carol Rainey b. Alternate Trusteel Mary Pitt. ITEM 7 1 hereby appoint Carol Rainey as Executor of my Will. If my Executor fails 'to .erve, or for any reason fails to continue to serve, I then appoint Helen Dotson to s.rve as Executor. PAGE FOUR OF EIGHT PAGES CJk.I'J at ~ ~' ~ - ITEM 9 I desi\ln.te my Exetutor to be an Independent Elletutor to the fulle.t extent perminible under the 1.1'1' of the State of North Carol in.. I direct th.t no bond or other .ecurity be required. I further' dlrlict that no .ctlon be h.d in any court rei Iotll/e to the adml nl.trat I on of my utate other than to prol/e IInd record this WlIl and to return an I Iwentory, appraisal and IIllt of cI al m. Clf my lI.hh. ITEM 9 In the el/ent that I should die leal/lng a minor chUd or childr.n .url/II/lng me, I hereby appoint the below-named Indll/idual to serve all designated \Iuardian, or Alt~rnate lIullrdlan should the named guardian be unable or unwlll i n\l to .erve, or to corlti nue to serve, all such, of the person and property of each minor child of mine who .hould survive me, during hi. or her mlnori ty, a. Guardlllnl Mary Pitts b. AI ternate Guardl an I Carol Rainey No Bond shall be required of IIny Guardilln named In this Will. ITEM 10 My Executor lind/or Tru.tee, If applicable, .ha1l hive the following power., which are to be con.trued In the broadest manner con.istent with the vlllidlty of thi. Will and with their duties as fiduciaries. The powers .tllted herein are not intended to be exclusive, but shall be In addition to tho.e \Irllnted by law and .hal1 IIlso pertllin to any admini.trators or trustee. who .ucceed the fiduciaries I have appointed. These powers arel a. to take possession of property, to keep it safely, and to .8\1re\late it from other property owned or held by the fiducillrYJ b. to retain and to Invest in property, or In undivided Intere.t in property, Includin\l residential real e.tate, for any period, whether or not the property be of the character perml.sible for Investment by fiducillrie., c. to sell, transfer, exchange, le.se, rent, mort\lage, pledge, \lIve options upon, partition and otherwise dispose of real or personal property, at prll/ate or public lIIle, for cash or upon whatel/er terms the flduclllry deems advi.able, without notice or order of courtl d. to render liquid my estate, In whole or In part, and to hold c..h or readily mllrketable securities of little or no yield f'or .uch period ill my fiduciary deem. advls.ble, PAGE FIVE OF EIGHT PAGES (tW<~~ ~ ;! ~L -e.d fA&L e. to borrow in the name of my e.tate or of the tru.t, upon whatever ter~. and condition. and for whatever periods my fiduciary deem. advi.able for the purpo.e of pre.erving, protecting or improving property held by him! f. to pay, compromise, adjust, settle, compound, renew or abandon claims held by my fiduciary and claims asserted again.t my fiduciary, on whatever terms he deems advlsablfl, without prior court authoritYI g. to diotrlbutll in cash or In kind, or partly in cuh and partly In kind, in divided or undivided Interests, notwithstanding the fact that distributive share. may as a result be composed differently! h. to Insure the property he holds as fiduciary against the riskS, and in the amounts he, In his discretion, deem. expedient, and to obtain and pay for life, health, liability a~d other forms of Insurance for the beneficiaries of the trust, In his discretion; i. professional apprai sers! to employ attorneys, accountant., investment advi.ors and other assistClnts including depositarie., proxies, agents, and j. to enter Into transactions with ather fiduciarin including executors or trustee. of estates and trLlst!l In which /lY beneficiaries have an interest, and including him as fiduciary for other e.tates and trustsl k. of corporate powerl to engage in the powers necessary to the effective administration .ecuritles, including, without limiting the generality of this 1. power to vote in person or by proxy upon all ..c'uriU.. held by the fiduciary! 2. power to engage in a voting trust or voting agreement with respect to securities, 3. power to consent or become a party to, or participate in, mergers, consolidation, sale. of assets, recapitalization, reorganizations, dissolutions or other alterations of corporate structure, including adjust~ents in capital structure affecting securities held by the fiduciary, whether or not these adjustments involve payments by or to the fiduciary! and 4. power to hold securities in unregistered form or in the name of a nomi nee! 1. to pay himself reasonable compensation for his services. PAGE SIX OF EIGHT PAGES U#<f~.OIt I ~ ut - ~ 15/.Fl- 1;1 IUREAU O~ INOIVIDUAL TAXES INtIEJn,AMCE TAl( DIVUION DEPl'. 210601 HARAInUMO, PA l1U'-OCtil1 COMMONWIALTH OF PINNIVLVANIA DIPARTMINT OF RIVINUI *' c..- NOTICE Of INHERITANCE TAX APPRAIIEHENT, ALLOWANCE OR DISALLOWANCE Of DEDUCTIONS AND ASSESSHENT Of TAX .n,I.41..mn...m 05-11-98 PITTS 06-26-97 21 97-0561 CUMBERLAND 101 f-- AMount Ro"IH'~~ MAKI CHICK PAYABLI AND RIMIT PAYMINT TOl REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE. PA 17013 CUT ALOIlG THIS LINI! ~ RITAIN LOWIR PORTION FOR YOUR RICORDI ~ itiv: iiitj"iii" Aj:ji -CO,:;,") "iiOTicr-cip"i"NHiiiiiANCE - TAX - APjiiliiiiiHiiif; - AL tciiiANCE - OR ---" --- - m - - - - -- DIIALLOWANCI OF DIDUCTIONI AND ASSEIIMENT OF TAX JAMES H FILl NO. 21 97-0561 ACN 101 DATI 05-11-98 TAX RETURN NASI IX I ACCEPTED AS fILED (' CHANGED SEE ATTACHED NOTICE RISIRVATION CONCIRNING FUTURI INTIRIST . SIE REVIRIE APPRAISID VALUI OF RITURN BASED ONI ORIGINAL RETURN I. R..I E.t.t. (Soh.dul. Al 2. stoo~. ond lond. (Sohodul. II S. Clo..ly Hold Stoo~/rart....hlp Int.r..t ISoh.dul. CI 4. Hortuo.../Not.. R.o.lvobl. ISohodul. DI &, C..h/llnk Dopo.lt./HI.o. r.r.onal Prop.rty ISoh.dul. EI 6, Jointly O.n.d Prop.rty (Soh.dul. fl 7. lr~.f.r. (Schldul. Q) ., Tot.1 A...t. SUSAN J OTTO ESQ DUNCAN . OTTO 1 IRVINE ROW CARLISLE DATI ISTATI OF DATI OF DEATH FILl NUMIIR COUNTY ACN JAMES PA 17013 EITATE OF PITTS UI 121 UI_ 141 t&1 (61 \11 120.900.00 .00 .00 .00 15.117 . 5L 927.98 .00 lei NOTE I To tn.ur. proper crldit to your aacount, ....It tho upp.r portion of thl. for. .Ith ycur ta. P._t, 136.945.56 21.497.40 APPROVED DEDUCTIONS AND EXIMPTIONSI .. Funlr.l E.pen.../A~. COltl/HiIC. E~p.n... (Sohedull H) 10, Dobt./Hort.... Llabl1ltl../L1.n. ISoh.dul. II 11. Tot.l Dsduotlon. 12. Hot V.lu. of T.. R.turn U. Ch.rltobl./Go..rnoont.l la_.hl Non,.I.ot.d .1lS Tru.h ISoh.dul. Jl 14, Not V.luo of E.t.t. SubJ..t to Ta. 191 (10)~ 9S. 760.13 1111 uel 1151 U41 11'.'~1 IS] 19.688.03 .00 19.6B8.03 If .n ........nt w.. i..u.d pr.viou.1Y, lin.. 14. 15 .nd/or 16. 17 .nd 18 will r.fl.ct figur.. th.t includ. the tot.l of ~ r.turn. .......d to dat.. ASSESSMENT OF TAXI U, AlllOUI'lt of Un. 14 .t Spcu..l ..t. 11&1 Ii. AltOunt of Lln. l~ t..obl. .t Lln..l/CI... A r.t. {IiI 17. Aoount Of Lln. 14 t..obl. .t Coll.t.r.l/CI... a r.t. 1171 II. 'rloolp.l T.. Duo TAX CREDITS I PAVHENT DATE 02-20-98 NOTE I .00 X ,00. 18.760.05 X ,06. 927,98 X ,15. l1el .00 1,125,60 139.20 1,264.80 RECEIPT _IU AA269773 DlSCOUNT It I INTEREST/PEN rAlD (-I ,00 AMOUNT ~~.~ 1.264.80 \ I 1.264.eo ,00 .00 ,00 TOTAL TAX CRIDIT BALANCE OF TAX DUE INTERIIT AHa PIN. TOTAL DUE M If PAlD AfTER DATf. lNDICATED. SEE REVERSE Foa CALCULATlON Of ADDITIONAL INTEREST, If TOTAL DUE lS LESS THAN '1, NO PAVHENT IS REQUlRED. If TOTAL DUE IS REfLECTED AS A "CREDn" ICRI, YOU HAV IE DUE A REfUND, SEE REVERSE SIDE Of THIS fORH fOR INSTRUCTlOHl.I H ~~ ~ (w! ".,.., " ~ {r~ n \tI 1\ "< :1 (. .... 00 (\ ~;p 0 ~ .- (I ",) D . ~ '{jj ~ 1b ~ 0\ IlEIIE~YATlOII' E.,..,. of deO~t. .vine on pr bI.or.DtO....rlZ, 1.8Z .- 1f InV tutur. Int.r..' In the I.t,t, I, tr~.f.rrad In po......on or enJa~tto el," . (c~U.tlr'U benefielad,. of the "'G~t .ft,r the IlCplr.Uon of lilY ..Uti for 11f. or for v.,r., the C~lth herlbv IMPr..,lv ,...ry.. the rltht to ."r.l.. 8nd ...... trlntf,r InherltlnGt '1M" .t the lwwful Cia.. . (00111'ar.ll r.ta on InY !UGh future Inter..t. PA",'-:MTl Det~h ttMi top portion of thll NoUe. and tubl,lt with your ply..nt to thl R.ghtar of Willi printed on the ra"ar" siete. u..... cheCk or ItOMY or.r ,payml1 tOI IEGIITEI OF MILLI, AOE"' Td fulfill thl ,.qulr..-ntt of Seotlon 21~D of thl Jnn.rltlnCl Ind E.ta't ,.wAct, Aot 21 of 1,'S. t7l.P.I. ,ectlon 91~O), p_Of NOtiCE I , " REf"UND (CRll A nflRl of . UX arHAt, whloh .... not ,....tad on thtl hie hturn, .,y b. r.que.ted bv OOllPl.Unt 1m "Applioltlon for ~Ifund 0' Penn,vlvenll InhlrltlnC' end Elt.t. TaM" (REV-ISIS), application. '1" Iy.llabl. .t the Offlc. of thl R..l.tar of Wtlls, ."y of thl 25 A.venu' Ol.trlct Offl~a., or bV c.ll1ng thl .peel.1 Z~-hour ."....rlng .arvloa "'*-". for for.. ordllrlftll In penn.vlvlIlnl. 1-'OD-S62~2OSG, outlldl PlfVlnlvanl. .net within 100.1 H.rrltbUrg.r.. (li7) 717-'09~, TbOt (717) 772-nS2 (...arlng I.alred Qoly), .' , OIJECTlOM$t Anv Plfty In Intarlllt not ..U.flfld ..ith the IPprlltHlnt, .11ONllnCa or dlt.uowenal of deduction., or ........,.t of ta)l llncltudlng dhoount or lntlr..t) It ,hOWn on thl. MoUo. .....t obJlct ..ithln ")lty (ftO) dav. of rK.tpt of thlt Motle. bYI -~'..r1tt." protllt to thl PA _art""t of .,vlIM, loard of Appa.l., Dept. 211021, Harrl.burg, PA 17121-1021, OR --.lacUon to hlv' the ..tt.r dettr.lned at audltaf thl ICClount of thl parsonat ,..-r..ent.Uva, Ollt --appall to thl Or~" Court. aOllIM IITRATlVf tORRECTIDNll PrNALnl' factuIl '1'1'01'1 dl.oov.red on thl. ......-.nt IhoUld be eddr...ed In ..rltlnt tOI PA Dap.rt-.nt of R.yenue, lur..u of Indlvl~l TIM", ATTNI po.t .......-nt Rayl... unit, Oept, 210601, Karrllburg, PA 111ll-G601 PhonI (117) 711~6S01. Sa. p... 5 of thl boOkl.t ~ln.tructl~1 for Inharltlnel '1)1 R,turn for I R,.ldent DHadent" (REY-\501) far In 'Mplanttlon of ...Inl.tnthlllv corrlGtabl' Irrort. If In~ tIIIM dUe 11 Plllld ..lthln thr" (S) ollandlr IIOnth. .ft.r the daclld..,t'. delth, I flvl perClllf'tt (i;c) d..ftOl....t of thl tlM plld It .UOMad. ThI llX t'M ,,",.ty non-p.rtlclp.tlon penalty 1. calPUtad on thl totll of thl tlM and lnt.r..t ......ad, and not paid before J.nu-ry II, 1996, the flr.t dav .ft'f thl and of the t.M lana.tv p.rlod. lhl. non~partlolpfttion peniltv 1D .....1_1. ln thl ... ......I' and In thl thl .... tI., p.t lod II YCtU MOUld .....1 the t'M and In'ar." thllt !W. Man I.....ed .. Indlcltlld on thl. notlc.. Int.r..t I. chlread bIIlnnlnt ..Ith flr.~ d.V of delinquency, or nine (9) ~th' Iftd one (1) d.y froe thl d.t. of dHth, to the d.t, of paVM"t. TI)l1I Nhleh bee" dellnqu,nt ~for' Jenuary 1, 1..2 be.r Intar..t a' thtl ".t. of Ihe (6Xl pareant par ~ a.lculstld .t . dlUv ratl of ,OOOI'~. All tIICI. which bM" d11l1n.,.nt on and ,ft.r JanuarY 1; 1.12 Nlll ba.r lnt.r,.t .t I r.t. whiCh ..Ill very frot r.llendlr ~..r to caland.r y,.r ..!th tn.t rlt. ennounced by thl P. o.,.rt.ent of R.yanua. ThI ."ll~lbl. Int.r..t r.t.. for 1.12 through 1"1 Ir.1 '!W Int.rllt ".t. D.Uv Inter..t factor !!!!! Int.r..t ""t. n.llv Intarllt FICt.or .,.z zOX .OOOSU 1911 ,Y- o ODOZ~1 I..S 16:< .0000' 1"1-1991 11:< .000SOl 191~ \IX .000501 1992 9X .OGOZ~1 1911 m .000116 1995-1'94 n ,000192 1.16 111:< .000271i 1995-1991 9X ,00021t7 .-Intar..t I. CI.lout.tad .. follow.1 DISCOUNT I IMTEIlEIT' IHTEIElT . IALA"CE OF TAX UNPAID X NUHIEI OF DAVS DELINQUE"T X DAILV I"TEIEIT FACTOI ..Any NotlClI I..uad Iftsr thl tlIC beCOIII dall~t ..Ill r.flact '" 'nt.r..t CI.lcul.tlon to flft.-n (IS) dlY' beYond thli d.t, of thl ......lInt. If p.v-ant I. ,Ida I,t.r thl Int.r..t eoaput.tlon d.t, .hown on thl ",tlol, Iddltlonal lnt.r..t au.t be c.leul.t.... , , S'I.'A'rU~J.l.J~J'Q~.1'..JJNDE.R RULE~~ Name of Decedent: JAMES HUOH PITTS -------~-_. Date of Deathl 06/26/1997 --~~- Will No. 2197-0561 Adm!.n. No. ---_.~ Pursuant to Rule 6,12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate I 1. State whether administration of the estate is completel Yes No x 2. If the am;wer is No, state when the personal representative reasonably believes that the administration will be complet.e I December 2000 ___._______ 3. If the answer to No.1 is Yes, state the followingl a. Did the personal representative file a final account with the Court? Yes______. No__ b, The sf'parate OqJhans' Court No. (if any) for the personal representative's account is: c, Did the personal representative Btate an account informally t.o t.he parties in int.erest? Yes__ No d. Copies of receipt.s, releases, joinders and approvals of formal or informal accounts may be filed with the Cerk of the Orphans' Court. and may be attached to this report. Da'~' 7)1100.l~~, (J~a:d ::;) -.'} () i',: Q1U: (1: f5 :'.! . I:": ~:; (-'0 ~"~AN 1. NARTNAN Name (Please type or print) --L IRVINE 1lllIl....CARI.ISLE. PA 17013 Address 1-717) 249-7780 1'e 1, No. ,Capacity: __.Personal Representative x Counsel for personal representative (MAH ll'mf/ AM3)