HomeMy WebLinkAbout97-00917
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MITTI. IVANS llc WOOD81DE
ATTOMNIVI AT'.....W
, HA"",IIU"O.I'INNIVWANIA t~IOB'07U
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Decedent', Oomplete Addre,,:
t 05 I Trlndlo Road
CITY
R'I'A1'U ,.
PA
ZIP 17013
Carllslo
Tex peym.nll en~ Oredlt"
1, Tax OUe (Pege1 ~lne18)
2, Or.dili/paym.nl.
A, I1PO~eal Poverty aradlt
B, Prtor Paymente
0, Plloount
(1)
~9,072,79
.,.-,,_._-
3.000,00
157,89
3, InlareeVPtnalty ,If applloebla
0, Intereel
B, P,nalW
Tolel aredite (A + B + 0)' (2)
3,157,89
Total Inl.r.eUPenally (0 + E)
4, If IIn. 21e grealer Ihan IIna 1 + line 3, enter Ih. dlffarance, .Thlelllhe OVERPAVMENT,
Oheok box on Pag.1 ~Ine 1810 r.quelt I ref~nd
0, IIIIn.1 + line 311g,eater Ihen line 2, enler Ihe differenCe, Thll II Ihe.TAX PUE,
A, Enler Ihe Inler." on the lex d~e,
B: Bnter the lotal of ~Ine 8 '. OA, Thle ie Ihe SALANOB PUE,
Make Oheok Payable 101 RSG/STSR OF W/l.t.S, AGSNT
(3) m u" 'm'n_,
(4)
(8) 55.914,90
(OA;"
(8B)
SS,914,90
PLIlASI! ANSWIlR THI!FOLLOWING QUeSTIONS '
BV PLAOING AN"X" IN THI! APPROPRIATI! BLOOKS
1, Old dacedentl'Mkt a tren.ferendl
8. retain the us. or Incom. of the property Iran8'erredl..,.H""....""""""",......""".H"'",,,.'....,,,.."',,,,"",,,..
b, retain the rtght 10 dellgnat. who ehall 4a. the property traneferred or lte Income"",,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Vea No
[! ~
fl t-;J
fJ 181
II 181
o. relaln 8 reVtralonary Int~re.t:. or, '" ..... .'ot., ''''''~" '" '"'' ""'''''''''''' "" """~,,,.., "" "."", ..,,, ,." ,.., ,tI, "'''i,','''' ,."
d; reoelvllhe promIse for life of either paymenle,l lJeneflts oroare?''''''"''''''''''''''';;''''''''I''''ll'''''''''''''''H1
2, If death oCOlltr.d, on or befora Oecelnber 12. 1982, did decedent wllhln two yeara preceding doelh Irenefer
property wlthoul r.celvlng ed.qUele coneld.rallon? If dealh ooourred after December 12, 1982, dld_ [J
d.cedant lrahefaf property within one year of dealh WlthoUI receiving adequele conSldaratlon?,,,,,,,,,,,,,,,,,,,, ~
3, Did deced.~l own en"ln tru.t for' or peyebl,a upon deatH benk,aoc;ount or s,ou~ty et hie or her dealh?"",,, I] ~
4, Dill decedent own en IndlYldual reUrement aocounl, ennulty, 0, olher non'Pf~bate property?",,,,,,,,,,,,,,,,,,,,,, [I Il<l
IF THa ANSWeR TO ANV OF THIl ABOVI! QUI!STIONS 18 ve8,
, YOU MU8TOOMPLen SOHBDULe G AND FILB IT A8 PART OF THe RBTURN,
fl III
721',&,88118(1) (1,1) (I) provlcled for Ih., reduotlon ollh.laK relelmPOaed on Ihe nat valu. oltrenefera 10 or for the uae oft~a S41Vlvln9 epou~~ fr~m
8% 10 3% for del.1 on or after July 1, 1994 Ind before Jenuary 1, 1998.
72 P,S, 89118(a) (1,1) (It) provld.d for the reduotlon Of the rat.lmpoeed on Ihe nel velue ortrali8fera to or fonhe u.e of, the eurylYlng epouee from 3%
100% for delee on or eft.r Jenuary 1, 1~98, THe etllUte doe. nole.emolelranefer 10 e eUlVlvlng Ipouee from teK, end IHe Ilelulory r.qulr.menta for
dllolcollre of eeeate .nd ftllng. tax return erntlll epplloeble ev.n Iflh" .urvlvlng epoula Ie Ihe only beneftolary,
FOR DATBa OF bBATH ON,OR AFTBR JANUARV 1,1888. PltRee anlwerlhe follOWing queaUon byplaolng an 'x'ln theapproprtal',spece,
Old Ihe da,o.denl orell. a ,lrUtl or I/mlllirlrrang,m.nl wtiloh II 101.ly fOf Ih. ,ulV/vlng Ipoue.'1 benlnl for hi. or h.r .nllre
Ilfetlm.? [J VII, [] No ' " "
"you anewered yee to Ihe ebOve quaetlon, the ilK on Ihe truet or elmller erren~.menlll pOllponed ~ntll 'Ihe dealh of the eaoond ePOuee, II whloh
time It will be fully taxe, ble at the rale(e) appllce, ble to Ihe rsmelnder beneftQ/,er\'(lee), Enter the value 0' Ihe tru, et on Sched,UI. J, pert II, In order 10
ramov.1t fromttie celoul.tlon of the laK du.ln thle eetate, Vou mey Wleh to me Schedule,O In order to make Ihe 'Ieotlon IVllllble under eectlon
9113, II the eleotlon II made,tha truet or 'Imlllr errengemenlllleKed In the ealate of the,ftret deced.nt aflOuee, the portion of thelrult ~r elmller
errengemtnl Which beneftll tHe e~rvlvlng ePOulel, taxed al Ihe zero tax rll., end tHe remllnder Ie taK.d al the rate(e) eppllcable 10 Ine ramelndet
benenolery(lel), II you cholt to make the .I.otlon, you mulit atl.Ch .chedul. I) 10 . tlm.ly.ftl.d Ie. r.lum, along with Ichedule(.) Kind/Of M In order
to show th. apportlonmenl of Ihe trull or .Imllar errengement betwean the surviVing lPOUIt end tHe remllnder beneftolary('ee),
4129,2,~11
Brenner a,tale 10/24/97 .
, Marital GeT Tr1l811B" Dale of Death
ODD Value of Trual $461,249.44
Age of L.lfe Tenant 61
Rllte of Return 6,60%
Present value 1262,362,31
Remainder 166,887,13
Annusl Total Annual " PV of Annual
0
, ' . ' , ' , ' 0:8096643620 ' '
2 426.686.97 $21.434,36 28,293,34 49,727,69 40,282,74
3 407,262,62 $20,362,63 26.878.67 47,241.30 0,7139660900 ["28'"
4 386,869,1l1l r9'344'50 26,634,74 144,879,24 0,6267638980 28,083:36
5 367,548.411 18,377,27 24,258,00 42,636,28 0,6447187420 23,224,16
6 341l,168,21 17,468,41 23,046,10 40.603,61 0.4706240180 19,061.93
7 331. 709,80 16,686.49 21,892,86 38.478,34 0,4033267770 16,611l,31
8 316,124,31 16,766,22 20,798.20 3B.664,4~ 0,3427023780 $12,627,29
9 21111,368,10 14,966.40 19,766,211 34,726.7 0,26841172620 $10,018.66
10 264,399,611 14,219,118 16,770,38 32.1190,36 ,0,2403607100 $7,921),26
11 270,179,71 13,508,99 17,831,86 31.340,86 0,1980003120 16,206,60
12 26M70,72 12.Q33,64 16,940:2'{ 29,773,80 0,161261l4310 4,60~,67
13 r43'837'11l 12.191,86 16,093,26 , 28,286,11 0,1298249770 $3,67 ,11
14 231,846,33 11,682,27 16,288,61l 26,670,86 0,1032133420 12,773.43
16 220,063.06 111,003.16 1"''''' " 2O,m.", 0.0808816170 2,064,611 '
16 2011,0511,111. 10.463.00 13,797,96 24,260,116 0,0623868210 11,612.1l2
17 $1IlM06,1l1 $9,930,36 13,108,06 "123.038,40 0,0472611640 1.088,82
18 11 88,~7e.e7 :1l.433,83 12.462,66 21,888,48 0.03616801l60 r9.41l
19 179, 42,74 ' B.Il62,14 ,11,830,02 120,792,16 0,02668301l70 631,93
20 $170,280,60 16,614,03 r1,238.62 ,11l.762,66 0,0164146210 363,73
21 161,766,67 8.088,33 10,676,61l 18,764,92 0,0129728730 $243.43
22 163,678,24 f,683,1l1 10,142.78 $17,826,68 0,0089847880 1180,17
23 148.994,33 " 7,299,72 1"''''' "...... 0,0061226130 137.66
24 138,694,61 6,934,73 1l,163.84 r61066,e8 0,0041069400 166,06
26 131,769,88 6,687,99 6,696,16 16,284.16 0,0027154910 41,60
26 12B.171 ,89 8,268,69 8,261,34 14.519,94 0,0017712020 $26.72
27 118,913.30 6,946,66 7i848,28 13,793,94 0,0011387490 $16,71
26 112,967,g3 6.648,38 $7.466.88 $13,104,26 0,0007218750 ' r46
29 107,319, 6 6.386,98 $M83,07 T2.44M3 0,0004624860 . 6,63
30 101,963,29 6,01l7,B6 $8,728,92 11,826,56 0,0002805940 3,32
31 198,866.62 4,842,78 $8.392.47 11,235,26 0,000m3630 $1,94
32 92,012,84 14,600,64 16,072.86 1o.e73.49 0.0001062880 ~
33 87.412,20 4,370,61 6,789,21 $10,131l,82 0,0000388021 ,311
, .
"
471O,2,!11
Brenner Eelete .' 10/24/97
Mlultal Truel "c" Pate of Pepth
,
POP Value of Truet $1,619,468,48
Age of Life Tenant 81 '
Rale of Return ' 6,80%
Preeenl value 1683,432,97
Remalndar 638,026,49
Total AMual
B I u on
I i I , ' , ' , ' , , '
2 1,443,486,64 72,174,28 96,270,06 $187,444,32 0,8098843620 136.673,70
3 11,371,311.28 88,666,68 90,606.64 $169.072,11 0,7139660900 113,670,34
4 1,302,746,70 86,137,28 66,981,22 r1'11B'60 0,8267538980, $94,582,99
6 1"'37 ,008.41 61.B80,42 81,882,16 143,662,66 0,6447167420 r'200'94
6 1,176,727,99 68,786,40 77.598,06 138,384,46 0,4706240180 84,186,80
7 ,1,118,941,69 66,847,08 73,718,15 129,666,22 0.4033267770 ' 62,266,99
8 1,081,094,61 63.064,73 70,032,24 ' r231088,98 0,3427023780 42,182,20
9 1,008,039,79 60,401,99 86,630,63 116,932,62 0,2884972620 133.734.74
10 967,637,80 47,881,69 83,204,09 111,066,98 0,2403607100 26.899,80
11 909,766,91 146,487,60 eO,043,89 1106,631,89 0,1980003120 120,896.31
12 664,268,11 43,213.41 67,041,70 100,266,10 0,1612594310, 16,164,63
13 621,064,71 $4,1,062,74 64,189,81 196,242,36 0,1298249770 $12,384,64
14 780.001,97 $39,000,10 1''''0013 90,460,23 0,1032133420 ~9,338, 77
16 741,001,87 37,060,09 48,906,12 r'968'22 0,0608616170 8.962,27
16 703,961. 76 36,197,69 48.460,62 61,668.41 0,0823866210 r~'"
17 888,764,19 33,437,71 44,137,78 77,676,49 0,0472811840 3,688,31
16 636.318.48 31,786.82 41,930,89 73 898,71 0,0361680960 2,691,04
19 603,060,68 30,177.63 $39,634,34 $70:011,88 0,0266830970 1,791,12
20 573,373,12 2e.e88,88 137,842,83 166,611,28 0,0184146210 1,224,77
21 644,704,47 27,236,22 36.960.49 63,186,72 0,0129728730 1819,70
22 617,489,24 26,873,48 34,162,97 80,028.43 0,0089847880 539,32
23 491.596,78 24,679,79 $32,446.32 $67,026,11 0,0081226130 463,19
24 487,016,99 23,360,80 130,823,06 F 17'" 0,0041069400 1222,43
,26 443,885:19 $22,163,28 29,26HIO 61.485,16 0,0027164910 139,76
26 r"'" ~21,074,10 27,617,61 46,691,90 0,0017712020 166,60
27 400,407,84 20,020,39 ~28.42e.e2 46,447,31 0.0011387490 62,69
26 380,387.46 1"'01837 26,105,57 44.124,94 0,0007216760 31,85
29 381.388.07 18,088,40 123,860,29 r.918'70 0,0004524680 ~18,97
30 343,299,87 17,184,98 22,667,78 ~9,822, 78 0,0002806940 11.17
31 "1328,134,89 18,308.73 r ,624,89 7,631,62 0,0001723830 8,62
32 309,827.96 16,491.40 20,448,84 36,940,04 0,0001062880 3,78
33 294.338,65 $14,718,83 19,428,21 $34,143.04 0.0000388021 32
,I
oharltable deduClllon and aller taklns aooount of oharges to prinolpal that are not allowed as
deduotions In olllllPUUng Granlor's PudoraJ ostate tax, and of which tho donomlnator shall bo
the valuo of the total principal, Por, pUrp08C8 of eSlabllshlnSlluch fraction, the valuos tlnal,ly
fixed In the Pederal .estate tax proceeding relating to Grantor's estate shall be used. Grantor
reoognlzes that the numerator of suoh fraotlon may be lo\lrO (0), In whloh case no property
shall pllSS under "Trust A" and that said numerator may be affected by the aotion of the
Executor of Orantor's estate In exorolsing certain tall olectlons.
"TNst B": There shall be placed In "Trust B" that fraction of the
total principal of whlcll the numerator shall, be a sUIll equal to the amount of tho gene':lltion-
skipping transfer exemption as provided In Section 2631 of the Intemal RevenUe Code, of
1986, or any comparable legislation then In effootand then available to Grantor after
colUldoraUon of generation-skipping transfers made'by Orlllltor during Grantor'sllfeUme and
made under other items of this Declaration of TNstlllld the allocation of the generation-
skipping tra~sfer exemption made by my Exec~tor to such generation-skiPPing transfers and
of Which the denominator shall be the value of tho total principal, Por the purpose of
establishing such fraction, tile values finally fixed In the Pederal ostate proceeding relating to
iny cstll,te shall ,be II8Cld,
"Trust Co: The balance of the prlnQlpal not placed In "Trust A"
and "Trust B" shall 'lJC placed In "Trust C".
~:
The, following provisions shall apply to "TNst A":
(a) The TNstee shall pay over to or among Grantor's spo~8e, JOSEPH O.
BRENNER, and GJantor's.ohlldren \Ivlng at Grantor's death all oCtile net Incomo Iltld
so Illuoh of the princlpalllS Trustee (other tIIan Grantor's spouse), In Its sole dlseretlon,
deems proper for their proper support, maintenance and welfare,
Page 3
lit determining the amount of net Income, If any, to he dlstrihuted to, any
bonoflcllll')' hereunder, and In exorcising the Trustee's dl80nltion to distribute principal,
the Tntstee Is authorir.ed to make distributions In such proportions as Trustee shall
dcom advisable In the' absolute discretion of Trustee, regardle!lS or whether any
distribution shall be equal to any otller distribution or whether all of such not Income
may be distributed to, onoor more of the beneficiaries and none to others.
Ills Grantor's Inteptlon th~t any olles of ltU8tlaw which may require
Impartiality and equality as among Income benoficlarles and as between Income
beneficiaries and remaindermen shall be disregarded and that the TlUstee shall exe",illo
the authority heroin given to TlUstee In the IntercSts of the Inllollle beneficiaries and
wltllo~t regard to the Interests of remaindermen. Such paymenta of prlnolpal shall not
be ooniiloored advancements as to llIlY beneficiary enUtled to share In the ultimate
distribution of ,the trust fund, .In making such distributions. tile TlUstee shall consider
the respective needs of tho benefh:larles as tIIey ap~ at the time, as Grantor w~uld
consider If living, rather than allY equality of shares,
(b) Upon tho doatll of Orantor's spouse, or upon Grantor's deatll If Grantor's
spouse predeceases Grantor, tile Trustee shall pay over tile principal to or among such
of Or ant or's .lssue,ln such amounts and In sUllh estates. In ltU8t or otllerwlse, as
Grantor' 8 spouse shall appolllt In writing making specific reference to this special
power of appointment. In default of such appointment. tile thenrcmainlng principal
,shall be divided Into as many equal shares as there arc tIIen living children ofOnullor
and tIIen decCllSCd children of Orantor represented by ~en living Issue. Except as
hereinafter provided In paragraph (b) for Orlllltor's daughter, NANCY B. Bt-AKELY,
one of sald sllarcs shall be paid to each then living child of Grantor and one of said
sharos, shall be paid to the tIIen living Issue of such dece~scd child, per stirpes.
provided hllwever. tIIat If llIlY of suoh children or Issue of,deceascd, children (a
Palle 4
"Benefiolary) has not 'Mtalned t~e age of forty (40) years at sucll time, tile share of the
. , . . ' . . .
. Benefiollll)' shall be hold In furtller trust by tho Tfust~. Tho Trustee shall periodically
pay to the Beneficiary all of the net Incol11e and so much of tile prinolpal oC tho Trust
lIS Trustee In Its 801e dl8Cre~on deems nooosslll)' for tho proper support, maintenance,
medical care and education of tII~ Beneficiary and Beneficiary's dependent children.
At suoh Ume as Beneficiary attains the age of forty (40) years, the Trust shall
terminate and the then remaining assets shall be paid to the lleneflcllll)'.If, tho
Benetlcllll)' dies beforc attaining the age of forty (40) years, this Trust shalltertnlnate
and said remalnlng wets shall be paid to the Boneficlary's personal representative.
(c) The ,share set asldo for Grantor's daughter, NANCY B. BLAKELY (tho
"Beneficiary"), shall be held by the Trustoo, In trust, lIS followSl
lit. The Trustee'shall pay over to the Beneflcllll)' all of tile nctlncome
IU1d so much of tile prinolpal as TruslCe,lri Its sole discretion dcoms proper for
the support, m,a)ntenanco, oomfort, medical oare and education of Bllneficlary
llIld her dependent children. The, Trustee shall exercise its discretion liberally
,with respect to tIIeeduoaUofl of tile Beneflollll)"s children,
2. Upon tile deatll of Benetlclary. tile Trustee shall pay over,tIIe
remaining principal to such of Beneficiary's Issue and tile creditors of the
BeneOcllll)" s ,!l8tate, In such amounts llIld In suoh estates, In trust or otllerwlsO,
as Beneno~ary shall appoint In writing, maklng specil1c reference to tills power
or appointment, In default of such appointment, tile remalnlngprinclpal shall be
divided Into lIS many equal shares as there are thon living ohlldren of
Boneficllll)' and then deceased children of Beneficiary represented by then living
I88U~. One of said shares shall be paid to each then living ohlld of Beneficiary
and one of sald shares shall be paid to the then living Issue of such dece~ed
Pago 5
.,
shall be added to "Trust A" to be disposed of In accordance with ARTICLB II of this
Declaration of Tmsl.
~: The BlIccutor of Grantor's estate shall be autllorized
In the Executor's solo, oxclusjve ~d, unrestricted discretion to dotennlnQ whethor to eloot
(under Section 20S6(b)(7) of tile Intemal Revenue Code of 1986 as amended, or any
corresponding provision of the Pederal,eslftte law), ,to qualify all, none or II fraction of
"Trust B" and .Ttu~t c." for thl' Federal estate tax mllrital deduotion. ,The decision of tile .
Executor with respect to tIIeexefClse of the election shall be final and conclusive upon all
persons whose Interests In Grantor's estate or the Trusta arc directly or Indirectly affected by
the elootlon. Only property whloh Is fully eUslblo for the marital deduotion under Fedor~
estalll tax law shall be assigned to "Trust B" and "Trust C'~. Notwithstanding anything to the
contrary contained herein, tile Trustee of the Trusts shall not retain beyond a reasonablo time
any property which may at any time be or beoome unproduotlve, nor shall they Invest In
unproduotlve property. The Tntslce sha\1 PllY to tile Executor of Grantor's spouso'a estate,
out of tIIo principal of "Trust C" upon tile death of Grantor's spouse, an amount equal to the
estate, Inherltsnce, lrllllsfer, succession and other doath tallell ("desth taxesl'), Pederal, state
and other, paYllble by ",ason of the inclusion of the value of "Trust B:' and "Trust C" In'
Grantor's spouse's estate. Such payment shall be equal to the amount by which (1) the total
of such destll taxes paid by Orantor's spouse's estate exceeds (2) tile total of auch delltll taxes
which would have been payable If tile value of "Trust B" and "Ttust e" had not been
Included In such spouse's estate, Tho determination by Grantor's spouso:s Executor of the
amount payable hereunder s,hall be final, Grantor directs tile Trustee to pay, such amount
promptly upon written request of Grantor's spouse's Executor, The final detennlnatlon of the
amount duo hereunder shall be based upon the value as finally determined for Pederal estate
tax purposes In Grantor's spouse's estate. After payment of the amount finally determined to
be due hereunder ,t~e Trustee shall be discharged from any further llablUty With respect to
such payment. Grantor's spouse may waive the right to pllyment under this subparagraph by
Page 8
horeln designated, as tIIelr Intercatsmay appear, witllout regard to any alloOlpted anticipation,
pledging or llSslgnl1lent by any bonoUclal}' under the Trust, and without reaard to any claim
,
tIIoroto or attemplod levy, attachment, seizure 'or othor process against said bonoUclary.
ABIUlI&Jl:
following powers:
The Trustee shall possoss, among othQrs, the
<a) To vlll)' or to retain Invesunents, When dcomeddes,lrabtQ by tile Trustee,
and. to Invest In such bondil~ stOQ~s, notes, rcaI estate mortgages or securities, htoludln8
the shares of stock of the Trustee or any related corporation, or In such otllor propetty,
red or porsonalllS the TrUstee shall deem wise, without being restricted t~ so~called
"legallnvcstmenta" ,
(b) In order to effect a division of tile principal of a Trust Of Cor any otllef
purpose, Including llIlY final dlstrlbuUon of a Trilst,the Trustee Is authorized to make
sald, divisions or dlstri~utlons of the personally andrcallY, partly or wholly In kind, llIld
to allocate speclfio llSSCta, alllong beneficiaries and Trusts created' horeunder so long' as
tile total marlcet value of any share Is not affected by such allocation, division or
dlstribuUon. Should It appear desirable toparUuon any rc~estale, \,he Trustee Is
,
authorl~ed to make, jOln In and cOOllummate partitions of lands, voluntarily or
Involuntarily, Including giving of mutual deeds, recognizances, or other obligations
with llS wide powers llS can be exercised by an Individual owner In fee simple.
(0) To sell either at public or private salo and upon such terms and
. conditions as tho Trustee lIIay d~m advanta$eoUll to the Trust, Iltly ,or all real sufrtclent
" deeds' or other InslrUlllents to tile purchaser or purchasers, convoying a' fee simple tille,
free and clear ,of all trUst and without obligation Of liability of tIIo purchaser or
purchasers to see to tho applloatlon of the purchllSo money, or to make Inquiry Into tIIo
Page 10
~: Ills agrcod that, the ,Grantor during Grantor's lifetime
may, by Instrument In writing doUvered to the Truslco, modify, alter or revoke till" Restated
DeclaraUon In whole or In part.
. ~l Any person, other thllll Grantor's spouse, who shall
have died within thirty (30) days of Grantor's deatll, shaU be deemed to have predeceased
Orantor. If Orantor's spouseandOrantor dlo simultaneously, or under such clrcumstlltlces
that the order of tIIeir doatllll cannot be established by proof, Grantor's spoulleshall be
deemed to have predeceaSe(! Grantor. Any person (other tIIan Grantor) who lIhall have died at
the same time as any tIIen roolplent of Income or undor.such circumstances tIIat the order of
deaths cannot be ostabll8hed bY proof, ,shall be deemed to have predecOllSed lIuch benoflclary.
AB)'ICLE ~II: Upon the delltll of Grantor, or the Inability or refusal
ofOrlllltor to serve as Trustee" Grantor,'s spouse, JOSBPH D. B~NNER, shall serve Il4
successor Trustee; Upon tile death of Orantor's spouse or the Inability or refusal of such
spouse to servo as Trustee, Grlllltor's daughter, MARGARET B. BUSHEY, and son,
JOSEPH D. BRENNeR, JR., shall serve as successor Trustees. Upon the dcatll of Grantor,
FARMERS TRUST COMPANY, Carlisle, Pennsylvania, sha1l serve as Co,Trustee with tile
Individual Trustee or Trustees. No Trustee shall be required to enterlllly bond or give any
other security.
At. B,ny time during tile continuance of the Trusll!
,
established In ARnCLRS U, fiX and IV, Grantor's spouse shall have tile power to request and
recelvll tile realgnation of tile Corporate Trustee tIIon serving and to designate a succes$Qr
Corporate Trustee to aqtln lIS place. '
~l Por purposes of tills Declaration of Trust; a Trustee
sha1l be considered to be unable to serve as Trustee If such Trustee is judlolally dotormlned to
pageU
be Incompetent or Is certll1ed to have become Inoapacltated because he or she Is unablo to
give prcmpt a/jd Inte!1lgentconslderatlon to rlnanc.lal matters by reason of U1qeas or mental or
physical disability. If In the judgment Of the successor Trustees or mcmber(s) of a Trustee's
IIllme41ato family such Trustee has becomo Incapacllllted as above dellnecl, tile suocessor
Trustees or family member(s) may appoint three (3) dllOtors of m~dlolne licensed to practice
wltllln the United States of Amerloa, approved by the successor TruStees, Including, when
possible the Trustee's personal physician, to determine whether TrUstcil hllS become so
Incapacitated. If tile tIIrco (3) appointed doctors unanimously determine by written, signed
"Certificates of Incapacity" that tile Trustee Is so, Incapacitated or upon tile judicial
IJlcompeiqllcy of the Trustco, such Trustee shall no longer be nor have the right to, be Trustee,
tile successor Trusteos shall become Trustee, without any further action on t~ part of llIl)'
,
party or COllrt. whereupon such Trustee shall become subject to tile terms and conditions of
ARTICLE XV immediately following.
,\R,TIC-.I ~IV: During the period that the successor TrUstees are
acling lis Trustee pursuant to ARTICLE XIII above, the Trustee shall no longer have the
abillly to exerclso any right or power reserved 10 such Truslee, In any capacity as Grantor or
Beneficiary hereunder, and llIlY attelllpt to so exercise a right or power shall be void.
Upon tile judicial determination of the Trustco's
competency or upon the rovocliUon of two (2) of the "ceitiflcatllll of Incapacity" obtained
pursuant to ARTlCL~ XIII, by tile original certifying doctor(lI) or upon written determination
of capacity by two (2) other lIoensed doctors of medicine, subject to the approval of the
succeasot' Trustees, the Trustee shall be reinstated as Initial Trustee and all other suspended
rights and powers as Orantor or Beneflolary shall revert to such Trustee,
" ~: In the absence of actual knowledge of a ,breach of
trust, a 8UCCe!lSOr Trustee of any, Trust created hereunder shall not be u~der any duty to
Page 13
I
"AKI CHICK PAYAlLI AND RIHIT PAY"iNT TOI
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA ,17013
CUT ALONG THII UNI ... " RI!AIN ~ONIR~ORT:rONPOR YOUR RI00RD8 ...
riW:IIW.'1r"~W.rD":"1""lIDYia..'lS "W" ftYf~ iSl, "Y,i'Il"A'lI'.ftAYiiWilt., ,".~tt-d'IlA'WI.'llll'.."--~".".."""...
, DX8AI;LONA 01 0 DiD onON8 ANb A88118Hi~T OP TAiC
IITATI OP BRENNER JANE II PILI NO, 21 97.0917 AON 101 DATIU.U"1998
TAM RITUIltl WAI, e X I ACCI~TID AI PUID
~~IIRVATXON OOHOI~8tHO "PTURI IHTIRI8T . 811 RIVIR81
APPRAI81D VALUI O~,RITURN IA81D CNI ORIGINAL RETURN
1. R..l bt.t. (80hllcklh A) "C 11
a, Itook. lIIld londo (Iohlldul. II (a)
I. Clo..l1"'\lold Itbok/~.rt,",r'l1ip Int.ro.t Clohllellllo CI (I)
'I. HortllllllOo/Not.. R.celvablo (loMdlil. DI "C'II
I, C'lh~ Dapolit./HIIO, ~.roonll ProP'rty (lol1.dul. II ell
6. Jointly Ihmod Pr",",rty (8ohlldul. , I ( 6)
7. Tronlf.r. CIOhodul. 0) e71
I, Tot.l A...to
APPROVID DIDUOTICN8 AND IXIHPTION81
9"UOIr.l IMpan.../Aa., cOlt./Hi.o, IMP.n... (.ohlldul. HI (9)
10, Dobt'/HortolOO Liobiliti../Lion. 180hlldul. I) (10) .00
11. Totol 1IOdu0tion. (111
la. Not V.ll11 of TOM Rlturn (111
la. Choritobl./Oovornoantol aoquo.tll Non-oloot.d 9111 Tru.t, (80hedul. JI (111
1'1. Not V.1Ul1 of bt.t., 8ub.loot ,to TOM, (1'11
NOTII If.n ,.......nt WI' i"U.d pr,Viou.ly, lin.. 14, II .nd/or 1', 17 and 1. will
r'fl.o1: f:l.IIUr.. thlt inolUd. 1:h. total of 6lJ.. r.1:urn. .......d 1:0 dati.
A88181HINT'OP TAXi
11. Aoount of Line 1'1 ot .pou..l r.t. ell)
16. A..~t of Line 1'1 t.Mabl. ot Lineol/Cl... A rot. e161
17, Aoount of Line'l'1 tOMabl. ot, col1ot.rol/Cl... a r.to (17)
11. Prinoip.l TIM Duo
TAX CRIDITSI
PAYHINT
DATI
-U-1998
07-21-1998
1St.) /II ~
BURIAU OF INDIVIDUAL TAKII
IltIUIIANCr. IAN UIVI.IDH
IH!~I, 110601
HARRI..URO, PA 171"-0601
OOHHONNIALTH OF PINN8YLVANIA
CIPARTHINT OP RIVINUI
NOTICI OF INHIRITANCI TAK
APPRAlII"INT, ALlOIIANCI OR DIIALLOIIANCI
OP DIDUCTIONa AND Aa1811"INT OP TAM
IYO Y OTTO IU
TEN E HIGH ST
CARL ISLE
OATI
18TATI OP
DATI OP DIATH
PILI NUHlIR
COUNTY
ACN
ESQ
12-1q-1998
BRENNER
10.2Q-1997
21 97-0917
CUMBERLAND
101
A.ount Room...
PA 17015
e I CHANOIO
.00
2,006.748.60,
.00
,00
4.962.i44
8'4.63!i9S
lOB I ODD~-DO
ell
41,003,14
1,148,798.28 M ,00.
984,SQ6.S7 ~,06.
, .00 M .1'S.
(~II
ReCUPT
NUtCaIR
DI8COUNT C+)
INTIRldT/PIN PAID C-I
AHOUHT PAID
AA296447
'J I
S8,914,90
TOTAL TAX CRIDIT
BALANCI OP TAX DUI
INTIRleT AND PIN.
TOTAL DUI
II IF PAID A'TIR DATe INDICATeD, III RaVIRal
POR CALCULATION,OP, ADDITIONAL INTIRIIT.
e-*
U'.lH',.", l"~'"
JANE
II
NOTlI To inllUr. P.......r
.~dlt to YOUr 100ount,
IUboIt tho upper portion
of tl1io fo", with YOUr
tiN P.~t.
~.171.544.9~
6l.nn"'4
2,150,541.88
. 00'
" 2,1S0,1I41.88
,00
89,072,79
.00
59,072.79'
89,072.79
.00
.00
.00
( IF TOTAL Due 18 LEBa THAN U, NO PAY"INT 18 RellUlReD,
IF TOTAL DUe 18 ReFLECTED AS A "CReDIT" leR), YOU HAY 81 DUE
A RE'UNII, SEe REVERSE SIDE OF THIS FO,," FOR INSTRUCTlllHS. I
fI\lIIIIOIIOI'
, HOTlC&t
PAYMIlnt
To fUlfill I"" r"""lr_l. 0' ,..U.. 11.0 (bID' lit. I"""rll.... oneI ..1111 To. AGI, Aol 1I 0' 1991.
(11 P,'. ..ot/on 91.11.
,
PoIIOh IhI lop porUon 0' 11th NoU.. oneI .uboll .1I1t your p._1 10 I"" RIIIII" 0' Will. prlnlod on IhI
r'V.rN .Iett,
-- HoIl. 0_ Dr ....Y ordor p.yobl. 101 RaOIUm 01' HILIJI" AOUHT.
_ ICllll A ro'\IIld 0' . ,.. .rodlt IOY bo ......11iI bY _I'U", .. "Apflllo.Uon for R.f.... 0' P_.YIY..I.
I"""rll.... ond ..t.l. T.." (1!fiV-111I1. ApfIllo.Uon. .r. .y.llobl. .t IhI 011I.. of IhI lilll.l" of Willi,
"Y 0' IhI II R.y..... OI.lrlol Offlo.. or f.oo lho 110I>"1....1'. I.-hour ......rl... Hrvl.. _'I for 'Dr.. ordo.I...1
In PInn.ylv..l. 1-000-161-1010, oul.ldo P.nn.ylvonl. ~ wltltln 10011 Horrlobur, .r.. (7171 717-1094,
TOOl (717) 771-1lI11Hoarl... 1",.I.od Dnly),
OIJlOTIONII Any p.rly In Inl.r"1 nol ..tl.flod wlllt IhI .....1IOn1 0' I.. .. .1toMn on Ihl. nollo. IOY Db!..1 .llhln
.1.W(60) MY' 0' "o.lpl 0' ,Ihl. NoU.. bY'
"wrlllon p.otOlI to tho PA lIoI>.rl",,"1 0' R.v.nuo, .o.rd 0' Appo.lI. 110I>1. II10n, IlIrrlobur., PA 17111-1011, OR
'...1..11'" I. hlV. lho ..11" IIoI.r.lI1Od .t oudll 0' lho po"...l ropr....t.Uv., OR
"_.1 to lito Or""...' Courl. "
AllItIW-
IITRA7IVll
C_CTllllllI
PINAL TVI
IHTMllTt
FlOtUll error. dhoov.red on thh 1......."* .hould tHt Iddr...ttd In wrUlng tOI flA bepart.tnt Df R.vtnUl,
luroou 0' Indlvldutll T...., ATTH. Po.1 A........I R.vl.. Unll, Dopt. 110601, lI.rrllburg, PA 17111-0601.
'Phono (111) 717-6101, ,.. P'" I 0' lito bookl.1 "In.l.ooUon.lor Inho.llon.. T.. R.lurn ,for. R..ldonl
Do.odonl" (RfiV-IIOI) for on ..plon.llon 0' odolnl.lr.tlv.IY oor...lobl. .rror.,
Tho II~ I.. .....Iy .,on-p.rllolp.tl.. ponallY I. .ooput.d on tho tol.1 of tlto t.. oneI l"t.r..t'......Id. oneI nol
p.ld bo'o" J.....ry II, 1996, lho flrol cloy .lIar lho 'nd 0' tho I.. _.ty p"lod, lhl. non'p.rtl.lp.U..
nonoilY I. _.Iobl. In tlto .... .....r oneIln lito lho .... tl.. p.rl.d .. YOU .ould OPPO.1 tho t,. oneI Int.r.,1
Ih.t hi. _ ......... .. 'ndl..lad .. thh noU..,
'or,cIot.. of 'cIolth on Dr .It.. 10-'-'1, P_.ylvonl. hl.t. T.. b...d on tho 'IdIrol ht.t. T..
r.lur" boo.... dollnquon' .1 tho ..plr.tlon 0' nino (0'1 .onlh. 'roo Ih. d.t. 0' d..th,
'or cIol.. 0' o,.lh p.lor I. 10-1-'1. p.nn.ylyonl. ..t.l. T.. b...d on Ih. 'odOr.1 ..t.l. T.. r.lurn
bo..... MIl""","t .1 tlto ..plroll.. 0,.18I11.on ClI) oonlh. froo lho d.l. of cIo.th,
T.... Mhloh "'.... Mil_I boforo Jonuory I, 19eR bo.r lnt"..t.t lho rol',of .1. 16U porcont por.....
..IOUI.lad .t . cIolh roll 0' .000164. All t.... Mhl.h bo.... cIollhquonl on Dr, .ftor J.....ry I, 1111 NIII ....r
, Int"..t .1 . rol. Mhl.h NIII vary froo ..loneI,.r y..r 10 ..l.ndor y." Nllh th.1 rot. onnounoad bY lito, PA
Pop,.I...,1 0' R.v...... lito oppll.ObI. Intor..t r.l.. for 19.. Ihroutlh 199' arll
v..r Intar..t R.I. OollY Int.r..t F..'or V..r tnt.rllt R"tt D.II~ Inlor..1 F"lor
- - --
1911 m ,000141 1911-1991 IIX .000101
1911 II~ .000.11 1991 'X .0001.7
1914 m .000101 1995-1990 7X .0001"1
1961 ,000116 1991-1991 'X .000107
1916 lOi ,00017. 1999 7X ,000191
1917 Ok ' ,000147
'-Inl"..t II ooloUI.lld .. f.IIONOI
IHTlAU8' . IALAHCU 01' TAX UNPAXO X HUHI.. 01' DAYU DULXHqUBHT X DAlLY XHTUIlU8T I'ACTOR
--AnV Hotl.. 1..VId .'t.r lho I., bo..... delinquent NIII r.'I..1 on Inl...., o.l.ul.llon to flft... ell) deY'
"'VDnd lito d.t. of lito ....._1, II P'YII!It Jo _ .It" tho Int"..1 o_l.tlon del. "'-' on \tIO
Notlo., oddltlonol lril"..1 olI.t bo ..I.~I.tOd.
'.\j"LI18U'^ TMILIIII18T ^1118~'19 RUL
ESTATE OF JANE W, BRENNER
CUMBERLAND COUNTY FILE NO. 21-97-917
RELEASE
KNOW ALL MEN BY THESE PRESENTS that KEYSTONE FINANCIAL BANK. N.A.
(formerly Farmers Trust Company),and JOSEPH 0, BRENNER, Trustees under Declaration of
Trust dllted July 26, 1991, lIB amended, the resldullry legatee under the Last WlIIand Testament of
JANE W, BRENNER, late of North MIddleton Township, Cumberland County,Pennsylvanla,
deceasod, does hereby acknowledge receipt of and ITom JOSEPH D, BRENNER, Executor undnr
the Last Will and Testament of the said JANE W, BRENNER, of distrlblltlon as set forth in the
Account Stated of Joseph D. B~enner. E~ecutor. 'a copy of which Is attached hereto, in full
satisfactlon and pllyment ofthe residuary legacy under the terms of said Last Will and Testament,
AND, THEREFORE, the said KEYSTONE FINANCIAL BANK, N.A. IInd JOSEPH b,
BRENNER,'Trustees do by these presents remise, release, quit-claim, and forever discharge the said
JOSEPH D. BRENNER, Executor aforesaid, his heirs, executors and administrators, of and from the
aforesaid. legacy, and of and from all actions, sult~, payments, accounts, reokonings, cllllms and
demands whatever, from the beginning of the world to the day of the date of these presents,
AND, THEREFORE, the said KEYSTONE FINANCIAL BANK, N.A, and JOSEPH D,
BRENNER, Trustees agree to refund to the Executor aforesaid, any portion of the dlstrlbutlon to
whloh tl1ey are not prcperly entltled, and to the extent of said distribution, lolndemnify said
Exeoutor for claims made against him as Executor, and to reimburse to said Executor all expenses
and costs Incurred In connection with any such claims, .
AND the said KEYSTONE FINANCIAL BANK, N,A, and JOSEPij' D, BRENNER,
Trustees, hereby consent and agree that the Orphans' Court of Cumberland County may discharge
the said Exeoutor upon application, without further notice to them. '
INWITNESSWHEREOF, KEYSTONE FINANCIAL BANK and JOSEPH D, BRENNER
have horeunto executed this instrument this I '!~~ day of /)f.(;./HII M n. , 1999,
Atte~
_.!_ ~ {( J-tM1uj~-
KEYSTONE FINANCIAL BANK, N,A,
a
By:
Witness:
&-i'~
'}.;~r' u~.d/