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HomeMy WebLinkAbout97-00655 ') 1"",0'." , '~~:;...,.. Jil';i~"""\I"","l;-#'~f'~,~~., -~ '.. '\'060 o~eated by me,llI Bottlor datod tday 17, toilS with Tho Commonwlllllth National Bank, III Truotae, By Letter Amendment dated I () I~ lit ~ , CIIRon E, Rodllera;Jr, Will named 'Ill Buccesoor 'Truotee of the Trust Ail'eemont, FOURTHI I direct that all estllte, lnherl~oe and other taxes In the lU\ture thereof, tOllether with ,any Interest and penalties thereon, becomlns payable b........de of ~ death with reopeot to the property ool1stltutlnll my lJl'oss estllte 'for death tax purposeo, whether or not suoh property pIlnes under this WIU; be pald l'rom the prlnolpal of PlU't "A" under the,Truat of whloh I IllU Bettlor lleaorlbed In parll81'aph THIRD above, or l'rom the residue of my estate, No peraon recelvlns or havlnll a benenolallntereot In any ouoh property, whether under this W11I or otherwlso, ehallat an)' tlmo be rllqulrod to oontrlbute to or rel'und any PlU't thereof, , FIFTH I My Executorla hereby authorized and empowered, In addition to ouoh powers il'anled executora by'law, all exerollllble without oourt order! (a) to oell securltleo or other property, , , renl or peraonnl or bothl (b) to borrow money l'rom ouoh penono III It may deelre, Inoludlnll the power' , ' , to borrow l'rom Iteolf III an Indlvlduel or III a nduolary under any Trust Agreement for any purpose 'neoesaary or deolrllbleln oonneotlon with the payment of taxeo or other mattero Inoldentll1 to the oetttement ~r a,dmlrtlotrlltlon of my Eotate, or for Inveetment p\ll'poseo, on either II eecured \lr unoecured bllllo, at suohrllte of Intereot III my Executor may dllem eooeptllble and to sllJll notes and to pledlle the llIeeto of my Estate M security thereforl,thls authority to borrow and pledlle oJulll not apply " " 118 to Mseto -,vhloh lU'e or mlllht be, oxoept for ouoh authorization, eligible for the marital deduotlonl (0) to maIIo non'prorata distributions In kind or plU'tly III kind or plU'tly lnolllhl (d) to r,etaln all or any " ' " part of my prpperty, reel or personal, oonsUtlltlns my Estate for suoh time M my Executor deems beat or to ,lnveot .,. ~elnvest the anme without belnll restrloled 10 "legal" Investmentol (e) 10 nle Joint Inoome tM rllturno and to conoent to Joint gift. tax returns with my wlfll, her executors oradmlnlstretorsl (0 to oompromloe olalms agelnet or In favor of the Eetate, with or without C\lurt approvel on ouoh terms and oondltlons M Exeoutor deems appropriate, In my Executor'uolo dlaoretlonl (II) If the Eetate 1/"" " Inoludes any Inter,est whloh I had In a busln'eas at the time of my death, whether the annle 10 a lIols 2 ;1< ", I, proprletouhlp, a partner.hlp, or n oorporatlon In whloh 1 o\ynod ,nil or 0 lIubstnntlnl Portion of the stook, to oontlnuo tho buslne'" untll.uoh time liB my Exooutor deem. tldvllllble 1,0 sell,lIqUldRte or dlotrlbute the 1IIlTI\I In kind, Exooutor _hall hOV(lall rlghtB I\nd powere In oOllneotlon with the business III 1 had when living, Inoludlng by wny of elllmpl\l IInd not Ihnltntlon, the powers to opernte IIr jQ\1I1n the operotlonthereof 11II1\ going oonoern, to form one' form 1\ senoral or Ihnlted pl\l'tnerahlp, to Inoorpol'llte or re,lnoorporate and to liquidate or liell,the llI\IIle or nny pl\l't thereof, all 118 It deoms advLsablefor the best Interests 'of the Estnte IIIld of tho benenolarles thereon without anY l\IIblUW for 1011 resultlnll from the opllratlon of lII\Id buslnesloxoept where suoh 1011 Is tho result of negllgenoe Dr fraud On the part of the Exooutorl (h) to rooelve, for Its oervloesln oonneotlon wlthllllY suoh business, suoh addltlolUll oompenltltlon 118'mny be oomm\lnsurl\te therewlthl (I) to olalm, In my Exoolitor'. dlaoretlon, expenBes of administration of my ~otnte as deduotlons for federallnoome tax purposes, whell this will result In IIIl overall roduotlon of Inoome IIIld death tllXOS for my ESl\ltll(no adjustments , bet,weiltllnoome nnd prlnolpal or In the !\I11ount of the distributions to the trusts orel\ted by separate Instrument shall be required lIS a rp.~ult of suoh aotlon)1 Q) In my Exeoutor'esola d1eoretlon, to eloot (or' not) t,o treat ,11II property pesslng to my wife IIIld 00 ellslble for the ml\l'ltnI deduotlon under 1,R;O, SQOtlol\20156(a) property whloh Is "quallned terminable Interest property" within the monnlng of t,R,O, Section 20156(b)(7),'ln all rssards exospt for euoh eleotlonl (k) In my Executor's sole dlllOretlonto alI00atesuoh exemptions 08l\1'e available 11II to the generation skipping trnnsfer tall to l\IIY ,property, to , ' . ;-' ,eltolude any property frolll that a1looatlolllllld to make all related allooatlons thereto. No benenollll')' shall have any olalm asalnst my, Executor for exerolslngsuoh allooatlon powers 11II grnnted herein, (I) In my Eltoqutor's sole d1,soretlon to oompromlse 4IXes on future Interests on suol1 tsrms nnd oondltlot\s asllllloo\,\tor desllls appropriate; (m) to maintain rell80nable reserves for depreciation, depletion, I"~ 'amortization Md obsolescenoe; (II) riotwlthsUlndlng onythlnlito the oontraryhsreln, ~ Executor elia1lhave no power or authority to \.ake IIIlY aot or ll\a1l.e l\IIY election, or refrain from eltller lIOtlon, ,,'- . , whloh POW!!r or authority would oause the Inoome or prlnolpal of my estate to be wed to'suoh Ii ' executor for lnoomlJ or estate tall purposes by virtue of th,\! exlstsnoeor exerolse or non.elterolso of 3 1r>1 ,--{' .,.- I'J (') tn' " , i'i n, '-~': ,Vt I , 1';1 ,,' "I 'l 'l, ,-- '11(:.;, p, 08 J.t: " _'-'r~ -f' " AICHARD H, WIX THOMAI L, WINOlA DIAN A, WIIDNIA . ITIV8N 0, WII,lll TH8AIIA L, IHAlla WIX . DAVID A, 08TI 8TIPHeN J, DIUI\ANIN 8TIVlN M, WILLIAAlI . J8~PAIY 0, CI.AAK "'TIA Q, HOWLAND IT\lPHIN P. IMITH KATHAYN L, WIX .AMG.......~.. . WIX, WENGER & W!:IDNER . , A PROFH8810NAL OORPORATION ATTORNllY8 AT LAW 808 NORTH 8HcONo 8TReaT POST OFPloe HOX 848 HARRI8~URG, PBNN8VLVANIA 17108.01148 4701 DUKI emllT IiAIIRIIIUAO, PA 1711)9<lJ'90 II III llloIm PAX (717) olz.eaoo (717) 234,4182 PAX (717) 234,4224 wnw,WVlWPllalY,c:om '1'-') ,'''I , , \'1 , " ,i,l ~ " '\1 ; ,_(I:! " ", I J :"-) , 1:\ November 11, 2006 .... d\ . ~." ''I " ,-' 11\ ", .", " "I ~- C::I 'j Me, Glenda Farner Strasbaugh Register of Wills Cumberland County Courthouse One Courthouse Square Qarllsll:l, PA 17013-3387 'Re: Estate of OllftonE, Rodgers Estate NOI 1997-00666 Dear Ms, Strasbaugh: We enolose the ,original and one oopy of a Status Report for flllng on behalf of the above-oaptloned estate, Please prooeS8 these doouments at your earliest oonvenlenoe and return a tlme-etamped oopy to our offloe, A self-addressed, stamped envelope Is . etlolosed for your oonverilenoe,. Thank you for your asslstanoe In this matter, ,If you have any questions regarding the above, please oall me, " Slnoerely, ,. '". WIX, WENG R & WEIDNER ttt// ~ DeB, Williamson Paralegal By: ./ Idbw , " . Enolosure's , 00: Mr. Clifton E. Rodgets, Jr. ',D!'lan A, Weidner, Esquire I , I I I.... r , " :, ~t ,-,I " , CLIFTCN E RIDGERS BCARD DCCKET NO., 9807569 P~ge 2 of ~ ' The Department ba~ed Its determination that the deoedent's net estate was taxable at the 6% 'fate on the provisions of the Sohedule B plan of distribution for the ' ,I, ' deoedent's trust establl,shed In 1986, Petitioner points Ol,lt that, as evldenoed by the Cotober 29, 1993, amendment ,attaohed to the Inherltanoe tax return, the provisions of the trl,lst dlstrlbutlop were amended to provide that 'iOn the death 'of Settlor (deoedent], this Trust shall terminate, and Trustee shall pay and distribute tQSettlor's spouse, JEANF ,RODGERS, all cf the net balanoe of prlnolpal and Inoomeof the.Trust Estate, If she Is then surviving." Therefore, thedeoedent's'entlre net estate whloh Is the subJeot ofthe truetpasses to the surviving spouse at the 0% spousal rate. 'Aooordlngly, It Is hereby, Crdered that the protef:lt Is sustained, The Department Is dlreoted to Issuun amepdedappralsement and assessP1ent' ; refleotlng the reduptlon of SOhedule B to $146,260.00 and the Imposition of the 0% rate ,pP ,,\ "n ill' to the deoedent's entire net estate, ;; I':, e<\ hi q ,::f-, v' FOR THE BCARDCF APPeALS8 , t--,) lJJ '", . " "0;" (...:1 ~~,e.!~".. Joseph R,Sleek, Member , A STATEMENT o.F ACCOUNT WILL BE MAILED TO. YOU BY THE BUReAU OF INDIVIDUAL TAXeS, . ANY APPEAL FROM THIS DECISlo.N MUST BE FilED WITH THEo.RPHANS' COURT WITHIN SIXTY (60) DAYS o.FRECEIPt o.F,THIS DeCISION. IF YOU ReQUIRE THISINFo.RMATlo.N IN AN ALTERNATIVE FORMAt UNDER THE F'ROVISION$ o.F THE AMERICANS WITH DISABILITIES ACT OF 1990, OALL (717)7~3.3664 o.R TOO (717) 772~176,3 (HEARING IMPAIRED ONL.Y), " , , ;1.' ~ " il ..:: ~ .... IJ.l . . 8 '~ ~ ~I ! '" .... ;1 I tl~ ... ~ I. 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