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No. 21.80 582
PETITION FOR PROBATE OF WILL AND LETTERS TESTAMENTARY
in the Estate of URIB D LUTZ
, deceased.
.MARY C LEHIS
To RlE:j:)afQ:..!i:..-AReer.oon-, Register of Wills for the County of Cumberland,
in the Commonweolth at Pennsylvania.
::1St
Petitioner(s) ore the executoIS-- named in the Last Will and
Testament af URIILD..-.-LUTZ dated .J.an.uaJ:.Y 11, 1979
Decedent was a citizen of the United States and a resident of
"Kilumshi;pl
Borough, Cumberland County, Commonwealth
Cl'lrlisle
of Pennsylvania.
Decedent died on Thursday
A. D, 19 80 , in the County of
the
21st
Cumberland
Penn"yl vania at the age of 83 years.
bast :ho6 he r
Decedent has not been married and has not had children born to !)jm
since the execution of the above described Will.
Decedent was possessed of personal property to the value of
Unestimated and of real estate to the value of
Unestimated
as near as con be ascertained; said real
estate situated as follows
apply
Therefore, your petitioner(s) respectfully ~ie5 for the probate
of the said Last Will and Testament and for Letters Testamentary thereon.
Doted September 5. 1980 ,- I
N~;;e~~~;~~[,rt'jiH f'? >Je, (~
Helen B, Lutz
h{)f/?}P&~
David E. Lutz
215 N.Hanover St,
634 w. Old York Rd
Carlisle. PA 17013
Carlisle. PA ~70l3
COMMONWEALTH OF PENNSYLVANIA ~
ss
COUNTY OF CUMBERU\ND
Helen B. Lutz and David E. Lutz
named in above application, being duly sworn according to law
say(s) that the statements set forth in this petition are true to the
best oftheir
Sworn
knowledge and belief.
and subscribed before Q'\!:
......../1 -,
/\/ ( /, /'
me, Sep.tem!Jer 0:; 19--80-
~~;;gister
Mary C. Lewis
::</-'?o-Slf;;;. )1. iI'i..?
Filed; september 9, 1980
I~
Attorney: Hilliam F. Hartson, Esquire
lolILLIAM F. MARTSON, P. C .
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my estate, will result in the imposition of no federal estate tax,
IN TRUST NEVERTHELESS, for the following uses and purposes:
(a) The Trustee shall have, hold, manage, invest
and reinvest the same, collect the income, and, begin-
ning at my death, pay over the net income in quarterly
installments to my wife, HELEN B. LUTZ, during her
lifetime. The Trustee shall also, from time to time,
pay to my wife such amounts of principal of this Trust
as the Trustee deems necessary for the proper support,
maintenance and medical care of my wife.
(b) Upon the death of my wife, during the con-
tinued existence of this Trust, my Trustee shall convey
and pay over all of the remaining assets, whether
corpus or income, to or for the benefit of such person
or persons or corporation or corporations, or the
estate of said wife, in such amounts or proportions,
and in such lawful interests or estates, whether
absolutely or in trust, as my wife may have directed,
either by instrument filed with the Trustee during her
lifetime exercising this Power of Appointment, or by
her Last Will and Testament. This Power of Appointment
shall be exercisable by my wife alone and in all events.
If the above Power of Appointment is for any reason not
validly exercised by my wife in whole or in part during
her lifetime or in her Last Will and Testament, then
upon her death such portion or all of the principal of
this Trust or such interests and estates therein as
shall not have been validly appointed by her shall be
added to the assets governed by ITEM IX of this will.
Page 3 of 15
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(c) Only property which is fully eligible for the
marital deduction under the federal estate tax law
shall be assigned to this Trust. Notwithstanding
anything to the contrary contained in this Will, the
Trustee of this Trust shall not retain beyond a rea-
sonable time any property whi.ch may at any time be or
become unproductive, nor shall they invest in unpro-
ductive property. Assets which do not qualify for the
marital deduction shall not be placed in this Trust.
To the extent also that other assets qualifying for the
marital deduction are available, this bequest shall not
be satisfied by the distribution of: (a) assets with
respect to which a credit for foreign taxes paid is
allowable under the Internal Revenue Code; (b) assets
which may be subject to both income and estate taxes
and which may be eligible for a credit or deduction; or
(c) United States Treasury bonds eligible for redemp-
tion at par in payment of federal estate taxes.
(d) If my wife should not survive me, then the
provisions of this Item shall be void, and the part of
my estate which would have constituted the foregoing
Trust shall become part of my residuary estate disposed
of in ITEM IX of this my Last Will and Testament.
ITEM IX: I give, devise and bequeath all
the rest, residue and remainder of my estate, not disposed of in
the preceding portions of this Will, to my wife, HELEN B. LUTZ,
and to my son, DAVID E. LUTZ, as Trustees (herein collectively
referred to as "Trustee"), IN TRUST NEVERTHELESS, for the follow-
ing uses and purposes:
Page 4 of 15
925
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(a I The Trus tee shall pay the net in cane arising
fran the principal of this Trust in quarterly install-
ments to my wife, HELEN B. LUTZ, and the issue of my
son, DAVID E. LUTZ, living at the time of each distri-
bution, in such amounts and in such proportions as my
son, DAVID E. LUTZ, acting as a Trustee shall deter-
mine.
(b) The Trustee shall also pay over so much of
the principal of this Trust as shall be necesary in the
sole discretion of my son, DAVID E. LUTZ, as Trustee
for the proper support, maintenance and welfare of my
wife, HELEN E. LUTZ, and the issue of my son, DAVID E.
LUTZ.
(c) In determining the amount of net incane, if
any, to be distributed to any beneficiary hereunder,
and in exercising his discretion to distribute principal,
my son as Trustee is authorized to make distributions
in such proportions as he shall deem advisable in his
absolute discretion, regardless of whether any distribu-
tion shall be equal to any other distribution or whether
all of such net income may be distributed to one or
more of the beneficiaries and none to others.
(d) Upon the death of my wife, HELEN B. LUTZ, or
upon my death if she predeceases me, the Trustee shall
divide the principal of this Trust as follows:
1. Any shares of stock in Daily Indus-
tries, Inc., shall be paid to my son, DAVID E.
LUTZ, if he is then living.
Page 5 of 15
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the income and so much of the principal of said Trust
as, in the discretion of the Trustee, may be necessary
to maintain such child in the proper station in life,
including proper support, maintenance, medical care and
college or higher education.
Upon such child's attaining the age of thirty-
five (35) years, the Trustee shall pay to such child
one-third (1/3) of the then principal. Upon such
child's attaining the age of forty (40) years, the
Trustee shall pay to such child one-half (1/2) of the
then principal. Upon such child's attaining the age of
forty-five (45) years, the Trustee shall pay to such
child the balance of the then principal.
Should such child die before final distribution
of the assets of said Trust, but be survived by then
living issue, the Trustee shall quarterly pay the net
income from said Trust to or for the benefit of said
issue, per stirpes, living at the time of quarterly
distribution; as soon as anyone of said issue attains
the age of twenty-one (21) years, and in no event later
than twenty (20) years following the death of such
child, the Trustee shall pay over all of the then
assets in the Trust to the then living issue of such
deceased child, per stirpes. Should such child die
before final distribution and not be survived by then
living issue, the provisions of subparagraph (g) herein
shall obtain.
(f) In each Trust established for the benefit of
the issue of a deceased child of DAVID E. LUTZ, the
Page 7 of 15
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Trustee shall quarterly pay the net income to or for
the benefit of the issue of such deceased child, per
stirpes, living at each time of quarterly distribution.
as soon as anyone of said issue attains the age of
twenty-one (21) years, and in no event later than
twenty (20) years following the death of the survivor
of my wife or myself the Trustee shall pay over all of
the then assets in the Trust to the then living issue
of such deceased child, per stirpes.
(g) If at any time before final distribution of
the assets of any of the Trusts established for the
children of DAVID E. LUTZ or issue of any deceased
children of DAVID E. LUTZ, there are no living bene-
ficiaries of said Trust, the Trust shall terminate, and
its assets shall be added to the other then existent
Trust created herein for the benefit of the children of
DAVID E. LUTZ or their issue. provided, that if any of
said Trusts herein created has previously been terminated
by payment of its principal to its beneficiareis, said
beneficiaries who received payment of the principal of
that Trust shall collectively be considered an "existent
Trust" for the purpose of this paragraph, and one equal
share shall be paid directly to such beneficiaries in
the same proportion by which they received the principal
of the Turst, or, if deceased, to their issue, per
stirpes. If there are no existent Trusts, the principal
shall be paid as follows:
1. Fifteen (15%) percent to UNITED
CHURCH OF CHRIST, Carlisle, Pennsylvania.
Page 8 of 15
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because of the nonexistence of said organiza-
tion at the time that said bequest is intended
by this Will to vest, or because of any other
reason, then this legacy shall be added and
given to the legacy of DICKINSON COLLEGE,
above provided, thereby, in such eventuality,
increasing the proportion given to DICKINSON
COLLEGE to twenty-five (25%) percent.
7. Five (5%) percent to CARLISLE HOSPITAL
of Carlisle, Pennsylvania, to be used for the
purposes for which it was incorporated.
8. Five (5%) percent to SYRACUSE UNIVERSITY,
Syracuse, New York, to be used for the purposes
for which it wa s incorporated.
ITEM X: No part of the income or princi-
pal of the property held under these Trusts shall be subject to
attachment, levy or seizure by any creditor, spouse, assignee or
trustee or receiver in bankruptcy of any beneficiary prior to his
or her actual receipt thereof. The Trustee shall pay over the net
income and the principal to the parties herein designated, as
their interests may appear, without regard to any attempted
anticipation, pledging or assignment by any beneficiary under a
Trust, and without regard to any claim thereto or attempted levy,
attachment, seizure or other process against said beneficiary.
ITEM XI: In the settlement of my estate and
during the continuance of the foregoing Trusts, my Executor and my
Trustee shall possess, among others, the following powers:
Page 10 of 15
931
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(a) TO retain any investments I may have at my
death so long as my Executor or Trustee may deem it
advisable to my estate so to do.
(b) To vary investments, when deemed desirable by
my Executor or Trustee, and to invest in such bonds,
stocks, notes, real estate mortgages or other securities
or in such other property, real or personal, as they
shall deem wise, without being restricted to so-called
"legal investments", and without being limited by any
statute or rule of law regarding investments by fidu-
ciaries.
(c) In order to effect a division of the princi-
pal of my estate or for any other purpose, including
any final distribution, the Executor or Trustee is
authorized to make said divisions or distributions of
the personalty and realty partly or wholly in kind, at
a fair value determined at the date of division or
distribution. Should it appear desirable to partition
any real estate, the Executor or Trustee is authorized
to make, join in and consummate partitions of lands,
voluntarily or involuntarily, including giving of
mutual deeds, recognizances or other obligations, with
as wide powers as an individual owner in fee simple.
(d) TO sell either at public or private sale and
upon such terms and conditions as the Executor or
Trustee may deem advantageous to the estate or Trusts,
any or all real or personal estate or interest therein
owned by the estate or Trusts severally or in conjunc-
tion with other persons or acquired after my death by
Page 11 of 15
,
my Executor or Trustee, and to consummate said sale or
sales by sufficient deeds or other instruments to the
purchaser or purchasers, conveying a fee simple title,
free and clear of all trust and without obligation or
liability of the purchaser or purchasers to see to the
application of the purchase money or to make inquiry
into the validity of said sale or sales; also, to make,
execute, acknowledge and deliver any and all deeds,
assignments, options or other writings which may be
necessary or desirable in carrying out any of the
powers conferred upon my Executur or Trustee in this
paragraph or elsewhere in my will.
(e) To mortgage real estate, and to make leases
of real estate.
(f) To borrow money from any party, including the
Executor or Trustee, to pay indebtedness of mine or of
my estate, expenses of administration or inheritance,
legacy, estate and other taxes, and to assign and
pledge assets of my estate therefor.
(g) To pay all costs, taxes, expenses and charges
in connection with the administration of my estate or a
Trust.
(h) To vote any shares of stock which form a part
of the estate or Trust, and to otherwise exercise all
the powers incident to the ownership of such stock.
(i) In the discretion of my Executor or Trustee,
to unite with other owners of similar property in
Page 12 of 15
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hereunder, resign as such Trustees or Executors by delivering
their written resignation to the DAUPHIN DEPOSIT BANK AND TRUST
COMPANY, of Harrisburg and Carlisle, Pennsylvania. In the event
of the death, refusal or inability to act, or resignation or
removal of either my said wife or my son as Trustees or Executors
hereunder, then I hereby nominate and appoint the DAUPHIN DEPOSIT
BANK AND TRUST COMPANY of Harrisburg and Carlisle, Pennsylvania,
as Successor Trustee or Trustee in my said wife's or son's place
and stead with the same rights, titles and powers, and in the
event both my wife and son shall be unable or unwilling to act as
Trustees or Executors, then the said DAUPHIN DEPOSIT BANK AND
TRUST COMPANY, of Harrisburg and Carlisle, Pennsylvania, shall act
as Sole Trustee or Executor. In the event of the resignation,
refusal or inability of the DAUPHIN DEPOSIT BANK AND TRUST COMPANY
of Harrisburg and Carlisle, Pennsylvania, to act hereunder, a
majority in interest of the adult beneficiaries who are then
entitled to the income from the Trust Estate may appoint a suc-
cessor Trustee to administer the Trust Estate. Subject to the
provisions hereof, any such successor trustee shall be clothed and
vested with all the duties, rights, titles and powers, whether
discretionary or otherwise, as if originally named as trustee. No
successor trustee shall be liable or responsible in any way for
any acts or defaults of any predecessor trustee nor for any loss
or expense from or occasioned by anything done or neglected to be
done by any predecessor trustee, but such successor trustee shall
be liable only for his or its own acts and defaults in respect to
property actually received by him or it as such trustee; the
successor trustee may accept the account rendered and the assets
and property delivered to him or it by the predecessor trustee as
a full and complete discharge to the predecessor trustee, and
Page 14 of 15
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shall incur no liability or responsibility to any beneficiary
under this will by reason of so doing.
IN WITNESS WHEREOF, I have set my hand and seal to this,
my Last will and Testament, consisting of this and the preceding
fourteen (14) pages, at the end of each page of which I have also
set my initials for greater security and better identification
this \\~~ day of ~P\Nvall:-Y , 1979.
Page 15 of 15
(.4u~. ~. rP.,.:::t- (SEAL)
URIE D. L~~~~.,-{
We, the undersigned, hereby certify that the foregoing
Will was signed, sealed, published and declared by the above-named
Testator as and for his Last Will and Testament, in the presence
of us, who, at his request and in his presence and in the presence
of each other, have hereunto set our hands and seals the day and
year first above written, and we certify that at the time of the
execution thereof, the said Testator was of sound and disposing
mind and memory.
(i I10/2/M %~
LhcChn.fJ g Ik/k.~
(SEAL) Residing at :;~3 ~<')Nw't:\l "5"'\
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OATH OF PERSONAL REPRESENTATIVE
COMMONWEALTH OF PENNSYLVANIA}
COUNTY OF CUMBERLAND 5S:
Before me. the Register for the Probate of Wills and granting of Letters of Administration in and for
the County of Cumberland. personally came ,..,H~J.~)),..~.....l,.),\t;(l...i\n.Q,..p..q.,y.~.Q."r;.....1!.l:1;H,........................
who. being duly .....!>~9.h.t:\............ do ....,....' depose and say that as.........!'i?:t:l?,~!:I:1;~);,~..................................
of the last Will and Testament of .........Uri.e..D.....LutZ.........,......,............,................,...........,..........deceased
.........the.y........ will well and truly administer the goods and chattels, rights and credits of said deceased
according to law, And also will diligently comply with the provisions of the law relating to Transfer
Inheritances. .....S~QX'XI.......,... and subscribed
before me.
............~!~~~.!~..,..~,.........."... A. D., 19 ..,~~.....
~~~6.~..........,...."'.....,
Mary C. Lewis
...fJ..{J.t.d2...e....,
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DECREE
Be it remembered that on the ........,~,\:1\....,.., day of ........!i,l,\.P..t;..~~*..,....,.."......., A, D,. 19 ..J!9, there
was probated and recorded the last Will and Testament of ,...ID!-.l;r;...~"...l<~.............,......,....,......,.......,...,
late of .....................~~~!?,~~,.....................,....,"..,...., Cumberland County. Pennsylvania, Deceased. Letters
.....:U:S.'rAMfClf.1'loR.'t..................... were granted to ,.'"l'tM~N,..~.,..,MIT,~,.~,@.J~y.J;p....~.....:H!IT.~..............,..
Witness my hand and official seal the day and year aforesaid.
.
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."....,..,~~.~~:~~~
OATH OF SUBSCRIBING WITNESS
.
.
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COMMONWEALTH OF PENNSYLVANIA
COUNTY 01<' CUMBERLAND
! ~~:
This. ........ ..........".. ......?,I;:.I:\............... ............ ......... day of ..,.... .......!!~p.!;~.I!!?~.~,....... .......... .......,... A,D., 19..~!?..,
Mary C. Lewi s
before me IJl1t~R~wx. Register for the Probate of Wills and granting letters of Administration
in and for said County of Cumberland, in the Commonwealth of Pennsylvania, personally came ..............
......~,... .~.q..r.~~~.. .1;!(l,il-y.~!)....~m.c;l...!1J. ~h.'ii.~l.. ~...,. .R~,y'g~,..............,. .,... ........... "......,...... .,..... .......... ............".,
the subscribing witnesses to the foregoing instrument of writing purporting to be the last Will and
Testament of ",. "',....,..UJ:i~..D,....J..1,\th.... ....... ...",... .",'.,."..,......... ....,..... ...... Dated ..J,~m~~.,:;y..JJ,....!n?,
lateof,....,...Ca;r.l;i..sle...Bo;r.oug,h.........................................................,.... Cumberland County Pa., deceased
who being duly .."..s~Qm,...........,......,..... according to law, depose and say, that ..t:.n~y...~.li!.r.~....,............,
present, and saw and heard the testa.to.:t:....,...."....,....,..,. ........!JX'.:!&..P.....J.,gt:,?i..,..,........,.....,....,......,....,...
sign, seal, publish, pronounce and declare thl' said instrument of writing as and for his......,...., Testament
and Last Will, and at the time of so doing ....,......,he................................was of sound and disposing mind
memory and understanding, to the best of ..........tb.e.ir..,..........,..,..,.....knowledge. observation and belief.
,..,......,Sltm,!;.a....""........,..,.... and subscribed before
..!l(!r!)?Ic.:2,',r:-:::.,~...(#4.{',7,{.f(.......,",.,
I ( , /1 A '
"... ..if., \ .~:,' .It:~,~.~~.... .'.?..,.I.....,.,~.,.,.,......".. ...,...........',
~ f2 X;h~
..Ri~i'" .. '~:'~~;~.:'~~~,..,;;"..................,..,
..................................................................................
AFFIDAVIT OF DEATH
COMMONWEALTH OF PENNSYLVANIA! ss:
COUNTY OF CUMBERLAND \
.................,......HELEN..B.....LU'IZ.,.and..DAvrD,.E..... LUTZ.............,. .,...........,.......,.......".".,..,.,.....,.being duly
..,......".........SW9.l\N................. say~ that as nearly as can be ascertained the said decedent ..................,.......
.... ,.......... ..........'",..."................. "'" )l.~;J;);:.. .R,:...~ )l,~;i;""...,..,..............,..,........................".".,...........,.,..... .died on
......".....:J:u.k'0.'M~,(r'.... the ..,..,..1.!o...f.:............day of ........D.<,:;g-;{-.\,J.......,..,....,........ A.D" 19.Y.o
at or about .........,.................,.......,'..... o'clock. ....M.
........,..........~!!(g;r;!.\.....................and subscribed this
....,..,........~ .t;h........................ day of ....,~.!'!I?~!'!~r
19, .~,Q.., before
....Ltcbui.E..~~.mm..........
$~~,'Re~~..............".,.,
Mary C. Lewis
REV-M7Ia-711)
COMMONWEA~ TH OF PENNSY~VANIA
OEPARTMEHT OF REVENUE
BUREAU OF FIE~O OPERATIONS
APPLlCA TION FOR AND CONSENT
TO TRANSFER SECURITIES
REGISTERED IN THE NAME
OF A RESIDENT DECEDENT
'*,
APPLICATION (MUST BE FILED IN TRIPLICATE)
TO THE PENNSYLVANIA DEPARTMENT OF REVENUE:
Application is hereby made for cansent to the transfer of the following securities of 0 Pennsylvanio
Corporation or a Notional Banking Association located in Pennsylvunia:
~~~~~4-;.!., /.:). 11M
l:j~
(ol..!tZ!tJ.lliu:~ajb) DR.~hin DepoAit TI.us.t:....Comp.an.y-------- (cL,~Q.J!IIIlO!l-Cap!-tal
(NOTE: In describing securities enter in (a), ob Ole, either the number of shores of stock or the foce amount of
registered bonds, in (b), the name of the issuing company and in (c) the class of stock or the stated interest rote
aad maturity date of registered bonds.)
ISSUED ON (See Reverse Si4~d haying a TOTAL MARKET VALUE OF 5-.11..992 LQL-
(Do'.)
as of the date of death of the decedent,
URIE D. LUTZ
(Name of Decedent)
,onAu~ust 21. 1980
(Doto of death)
who was late of 217 North Hanover Street. Carlisle._-CJ,lIll):>~J:~.J..M!i_._peJlJ!.!!y'lvania
(Street and Number) (Post Office) (County) (Stoto)
The securities are registered os follows: URIE D. LUTZ
Helen B. Lutz. 217 N. Hanover Street. Carlisle. Pa. 17013
n",," n 'F. T.lIl"'" , 'P 0 BoX-8~o,_Carlls.1e..-..l'A-.l1013
(Nome) (Address)
NAME OF APPLICANT William F. Martson
COUNTY FILE NUMBER 21-80-582 _ADDRESS OF APPLICANT lO_l;;ast. High Street. C rUBle,
BUREAU FILE NUMBER SIGNATURE OF APPLICANT ~D2OC1;' ~!-L'c y1vania
NOTICE: IF YOU FAIL TO PROPERLY FILL IN ANY PORTION OF THIS APkYi!hION, IT %r:L OT/~
CONSIDERED COMPLETE AND WILL BE RETURNEO TO YOU FOR COMPLETION.
(Nome or names in which certificates are registered)
"'ItOMttolffi"~
EXECUTOR S )
~___n_.___________
~---~----
COMMONWEALTH OF PENNSYLVANIA - DEPARTMENT OF REVENUE ~
CONSENT TO TRANSFER SECURITIES j
DATE. O\o:n...- .';l
r
I hereby consent to the transfer of the aboye securities now registered in the nome of the aforesaid
/Hf
Decedent and waive the filing of a certificate certifying to the puymellt of the transfer inheritance tax to which
the property of said Decedent is mode subject pursuant to the proyisions of the Act of June 20, 1919, P,L. 521,
as amended and the Act of June 15, 1961, P.L. 373, as amended. This is o\so in occordonce with the provisions
of the Act of April 9, 1929, P.L. 343.
This Consent to Transfer the herein described property operates only in reference to the estate of the
above-named Decedent.
~'~~II
'~f';t.
1'J!.;-"'0';//.'.,,)'
:;;.......&J;:.,-,i".
Signed for the Secretory of Reyenue
B;:lqau..l,._c..-~~C!1vIl~;-_~~h\~
'l (S gnn'~1 ' ~ 1 "fIJ-
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:.~ )\6.k"< l,.,-d L\)c '.;I. Lu.",,,,,'~ v.,:.....()
tJ {Tltlf'lO' (County) .~
Certificate No. Shares Dated
3482 22 4/13/57
6774 2 1/15/59
11419 1 8/15/63
14937 115 7/14/65
16343 7 12/20/65
23677 147 6/15/67
,
26478 29 2/ 7/69 I i
I
:28823 1 2/17/69 I
32195 32 7/15/70 ,
35480 1 ! 7/30/70 I
I
41051 35 9/18/72 I
43390 1 10/ 9/72 I
I
50560 31 4/18/75 I
Total 424 i
,
.
-------.
-.----------
:..,..-..... ___ r"--" __ __
J .,v."....
; I, " ' , COMMONWEALTH OF PENNSYLVANIA
'. No.Ko00404 DEPARTMENT OF REVENUE
i OFFICIAL RECEIPT' PENNSYLVANIA INHERITANCE AND ESTATE TAX
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TAX AT 15%
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Willi8lll P. Nan-on, P. C.
TAX AT_%
h street
ADDRESS
ESTATE TAX
arlle1. pa. 17013
,- ~f~~T6~~J;.~~ATION: A~;~-21~--19aO--
TOTAL TAX CREDIT
900.00
FILE NUMBER
21-80-582
DATE OF PAYMENT
January 12, 1981
LESS DISCOUNT
PLUS__~, INTEREST
IFROM TO_I
NAME OF DECEOENT
URD D. Ltl'1'Z
CUllberlancS
m
m
TOTAL AMOUNT PAID
900.00
COUNTY
1------- --------- _________ _____
; POSTMARK DATE
l '"'""" "PAID OH ACCDlJIft"
/// ~/ ~NAT~R~~ ,/ r "~.J
1{egrr.ter ~ Willa
SEAL
RECEIVED BY
I
REGISTER OF WILLS
- - - -- - -- - -- -. -- - - -- ---.- - - - "- - - - - --- - -- - - - --~
_.- .....'
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" "REV.n02 EX
l~', I \ ' COMMONWEALTH OF PENNSYLVANIA
4 NO. 29536 DEPARTMENT OF REVENUE
K OFFICIAL RECEIPT. PENNSYLVANIA INHERITANCE AND ESTATE TAX
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TAX AT 15%
~~g~~VEO Helen Brindle Luu & D.E. Lu
" c: 0 William P. Mart.on, Esq.
'ADDRESS 10 B. Hi h Str_t
TAXAT_%
ESTATETAX
Carli.le Pa.
17013
'--ESTATe-INFORMATION:
DA TE OF DEATH A. 21 1980
FILE NUMBER
DATE OF PAYMENT
NAME OF DECEDENT
COUNTY
21-80-582
Ma
21, 1981
Cumberland
G
G
'~ 'POSTMARK DATE
~ 3EMARKS "PAID ON ACCOUNT"
~
SEAL
I
RECEIVED BY
REGISTER OF WILLS
-~ '. .l!lW_,~'~
TOTAL TAX CREDIT
29,000.00
LESS DISCOUNT
PLUS
(FROM
% INTEREST
TO_I
TOTAL AMOUNT PAID
29,000.00
/
HEV.455 E)(+ IJ.HO)
C""MMONWEAL TH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
.:) ^-4.l _ (''V\\J1 '.:.{!. I C) J ';
'l;CHEDUlE "F"
STATEMENT OF DEBTS
AND DEDUCTIONS
Estate of llRTF. D TUrz Date of Death 8/21/80
WHEN CLAIMING THE FAMILY EXEMPTION, COMPLETE THE FOLLOWING:
-- --to.,.----
*
File No. 21-80-582
Claimant HELEN B , LUTZ
Relationship to Decedent
WIFE
Claimant's Address
217 North Hanover Street. Carlisle. PA 17013
ITEM
NO.
DATE
NAME OF PAYEE
Revenue
REMARKS
AMOUNT
tion
Costs
ies
2 000.00
165.00
3.50
24.52
Account
E:x:pens.~
i f Rea1t
Short Certificate
clividua1 Incorre Tax
~aember 30, 1980
12
100.00
1. 00
Balance due
TOTAL THIS PAGE
,
REV.455 EX+ (j.1l0l
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
SCHEDULE "F"
STATEMENT OF DEBTS
AND DEDUCTIONS
*
' :,,', ,\
, - i
Estate of URIE D. LUTZ Date of Death-8.L 21/80 File No. 21-80-582
WHEN CLAIMING THE FAMILY EXEMPTION, COMPLETE THE FOLLOWING:
Claimant
Relationship to Oecedent
Claimant's I\ddress
ITEM
NO.
DATE
NAME OF PAYEE
REMARKS
AMOUNT
22, Re ister of Wills
23. Bo er & Ritter
24. William F. Martson p.e,
25. Reserve Account
Fee for Filin Invento
Debts & Deductions
Accountin Services
Attorne 's Fee
Reserve for fi1' fees
fees and closing an
'sa1
13.00
10 000.00
20 000,00
TOTAL THIS PAGE 57 464.42
I hereby certify that to the best of my knowledge and belief the foregoing is a just and true Jtatement of debts. funeral
expenses and expenses of admini,stration submitted to the estate as-d lctions f~, r jheritance Tax purposes.
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, ~ OFFICI~c~N~;;~~LA;TOnNeY/FIDUCIAn" ~ DATe
DEBTS AND DEDUCTIONS ARE ALLOWED IN THE SUM OF S j-1 jl f., 1 "-/ :J AT
I
I .--
'0
PERCENT,
, J;-: ;J.;J-n
DATE
GENERAL INHERITANCE TAX INFORMATION
Unsatisfied liabilities incurred by the decedent prior to his/her death are deductible against his/her taxable estate.
In addition to debts incurred by the decedent or estate, other items are claimable including the cost of administration,
attorney fees, fiduciary fees, funeral and burial expenses including the cost of a burial lot, tombstone or grave marker.
All debts being claimed against an estate are subject to the approval of the Register of Wills with whom the
Inheritance Tax Return is filed. Evidence to support the decedent's or the estate's liability for the debts being claimed
should be attached to this schedule.
A family exemption of $2,000 may be claimed by a spouse of a decedent who died domiciled in Pennsylvania.
If there is no spouse, or if the spouse has forfeited h is/her rights, then any child of the decedent who is a member of
the same household can claim the exemption. In the event there is no such spouse or child, the exemption can be
claimed by a parent or parents who are members of the same household as the decedent, The family expmption is
allowable only against assets which pass by a will or by the Pennsylvania Intestate Laws,
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INSTRUCTIONS FOR COMPLETING SCHEDULE "F"
1. If the family exemption is being claimed, indicate the claimant's name, address and his/her relationship to the
decedent. Enter "family exemption" in the remarks column and the amount claimed in the amount column.
2. Assign consecutive numbers to each item listed.
3. Enter the date on which each debt was incurred and/or paid,
4. Enter the names of each payee,
5. Provide a brief explanation in the remarks column for each debt claimed.
6. Enter the amount of each debt being claimed.
7. The form must be signed by the person who has assumed the responsibility for paying the debts.
,
.
'.
'.
Invonlory 01 tho roo I ond porsonal o.Ialo of
URIE D. LUTZ
docoa.od.
RF..AL ESTATE:
1. ALL THAT certain tract or piece of mountain land situate in
the Township of North Middleton, County of Cumberland and
Commonwealth of Pennsylvania, containing twenty-two and one-
half (22-1/2) acres, and being more fully described in Deed
Book "S", Volume 20, Page 1146. It being the same tract of
land which Virgie E. Kiehl of Penn Township, Cumberland
County, Pennsylvania, John E. Kiehl and Sarah Kiehl, his
wife, of R. D. 5, Carlisle, Cumberland County, Pennsylvania,
granted and conveyed unto Urie D. Lutz.
Value based on appraisal, a copy of which is
attached hereto
Assessed Value: $1,910.00
22,500 00
TOTAL REAL ESTATE
22,500 00
PERSONALTY:
1.
Checking Account No. 56-66-2483, Dauphin Deposit
Trust Company, 213 Market Street, Harrisburg, PA
Account registered in name of decedent
Bank and
17105:
Date-of-death Balance
40,436 04
2.
1,351 shares, common, American Tele hone and Tele
Company, CUSIP 030177:' -: reg~stre ~n name 0
(NYSE)
72,025 19
Unit Value 53,3125
3.
877.672 shares, common, American Telephone and Tele~h
Company; Shares held by AT&T under Share Owner Dividet1d-
Reinvestment and StocK Purchase Plan. Account No.
018-052-258: Balance of shares held after Quarterly purchas
of July 1, 1980: 877.672
46,790 89
Unit Value 53.3125
4. 500 shares, common, Canadian Pacific Ltd., CUSIP
136440-30-2: shares registered in name of decedent, (NYSE)
Unit Value 42.9375
21,468 75
5. 19.001 shares, common, Canadian Pacific Limited; shares
held by Bank of Montreal Trust Company, New York, New York
under Dividend Reinvestment Plan, Account No. A2L 912400.
Unit Value 42.9375
815 86
6. 6,100 shares, common, Carlisle Corporation, CUSIP
142339-10-0: registered in name of decedent. (NYSE)
Unit value 38.125
32,562 SO
-1-
,
Invonlory of Iho roo' ond porsonol oslolo of
URIE D. LUTZ
deceased.
7. Quarterly Dividend on Item 6 of Twenty-eight cents ($.28)
per share, declared August 6, 1980 and payable on
August 29, 1980 to Shareholders of Record as of
August 13, 1980
8. 315 shares, common, Cutler-Federal, Inc.; registered in name
of decedent. (OTC)
Unit Value 3.25
9.
424 shares, common, Dauphin De~osit CorEoration,
CUSIP 238289-10-2; registered ~n name of decedent. (OTC)
Unit Value 33.00
10.
1,648 shares, common,
registered in name of
Deere & Compan~, CUSIP 244199-10-5:
decedent. (NYSE)
Unit Value 35.9375
11. 480 shares, common, EL PASO Company: registered in name of
decedent, (NYSE)
Unit Value 23,50
12. 27.065 shares, common, EL PASO Com~any; Shares held by E1
Paso Company under Share Owner Div~dend Reinvestment Plan,
Account No. LUT8529364; Balance of shares held after
quarterly purchase of June 30, 1980: 27.065
Unit Value 23.50
13. 19.594 shares, common, Norfolk and Western Railway Company;
shares held by Morgan Guaranty Trust Company under Share
Owner Dividend Reinvestment Plan, Account No. 11-61216.
Unit Value 40.3125
14. Quarterly Dividend on Item 13 of Fifty-five cents ($.55) per
share, declared 1980, and payable on September 10, 1980,
to Shareholders of Record as of August I, 1980.
15.
2,400 shares, common, Northwest Industries, Inc., CUSIP
667528-10-3; registered in name of decedent. (NYSE)
Unit Value 30.625
16.
398.0527 shares, common, Northwest Industries, Inc.; Shares
held by the First National Bank of Chicago, Post Office Box
1762, Chicago, Illinois 60690, under Automatic Dividend
Reinvestment and Stock Purchase Plan for shareholders of
Northwest Industries, Inc., Account No. 01 541 593756;
Balance of shares held after quarterly purchase of
July 9, 1980: 398.0527
Unit Value 30.625
17. 1,000 shares, common, Rockwell International Corporation,
CUSIP 657118-10-5, registered in name of decedent. (NYSE)
Unit Value 30.50
-2-
1,708 00
1,023 75
13,992 00
59,225 00
11,280 00
636 03
789 88
10 78
73,500 00
12,190 36
30,500 00
...
Invontory 01 tho roal ond po..anal o.talo 01
URIE D. LUTZ
dt'tCDosed.
18. Quarterly Dividend on Item 17 of Thirty-five cents ($.35)
per share, declared July 2, 1980, and payable on
September 8, 1980, to Shareholders of Record as of
August 19, 1980.
19. 267 shares, 4.75 Convertible Preferred, Series A,
Rockwell International Corporation, CUSIP 774347-20-7,
registered in name of deceaent. (NYSE)
Unit Value 150.00
20
1,000 shares, connnon, Tiger International. Inc., CUSIP
886735-10-9, registered in name of decedent. (NYSE)
Unit Value 27.125
21.
350 0
40,050 0
27,125 0
1.200 shares, connnon, Union Pacific Corporation CUSIP
907818-10-8, registered in name of deceaent. (NYSE)
Unit Value 48.375 8,050 0
22.
53.134 shares, connnon, Union Pacific Corporation; shares
held by Morgan Guaranty Trust Company, P. O. Box 3506,
Church Street Station, New York, New York 10008, under
Share Owner Dividend Reinvestment Plan, Account No. 11102-
16704; Balance of shares held by Morgan Guaranty Trust
after quarterly purchase of July 1, 1980.
Unit Value: 48.375 2,570 6
23.
$20,000.00 Bristol Borough Water and Sewer Authority Water
Revenue Bonds, Series of 1973, 5%, due January 1, 1981.
Unit Value $98.50
Attached Interest Coupons
Accrued Interest
24. $10,000.00 Carlisle Area Hospital Authority Gross Revenue
Bonds, Series of 1973, 4.7%, due March 1, 1981.
Unit Value 98.00
Accrued Interest
19,700
500
142.
9,800
224
25. $20,000.00 Carlisle Area School District General Obligation
Bonds, Series of 1977, 5.7%, due March 15, 1995.
Unit Value 72.00 14,400 0
Accrued Interest 496 0
26. $10,000.00 Carlisle Borough Sewer System Authority,
Series A-Revenue Note, Series of 1979, 8%, due
December 1, 1984
Unit Value 99.00
Attached Interest Coupons
Accrued Interest
27.
$10,000.00 Clinton County Industrial Development Authority,
Industrial Development Revenue Bond, Series B, May 1, 1976,
6-1/2%, due May 1, 2006.
Unit Value 70.00
Accrued Interest
-3-
9,900 0
400 0
179 73
7,000 00
201,23
:i_
'.
Inyontory 01 tho roo\ and pe"onal o.loto of
URIE D , LUTZ
decoased.
28. $35,000,00 Commonwealth of Pennsylvania General Obligation
Highway Bonds, Fourth Series T of 1972, 4% due
January 1, 2001
Unit Value 50.00
Attached Interest Coupons
Accrued Interest
29. $30,000.00 Commonwealth of Pennsylvania General Obligation
Bond, Second Series D of 1973, 5% due March 15, 2002.
Unit Value 56.00
Accrued Interest
30.
$25,000.00 Department of Community Affairs and Economic
Development, State of Delaware, 6.2%, due December 1, 1986,
Unit Value 87.00
Attached Interest Coupons
Accrued Interest
31. $25,000.00 East White1and Municipal Authority Guaranteed
Sewer Revenue Bonds, Series of 1975, 7.75%, due
September 1, 2015
Unit Value 101.50
Accrued Interest
32. $25,000.00 The Parking Authority of City of Lancaster,
Parking Revenue Bond Series of 1968, 5%, due
January 1, 2008.
Unit Value 54.00
Attached Interest Coupons
Accrued Interest
33. $10,000.00 Susquehanna Township Authority School Revenue
Bond, Series A of 1966, 3.95%, due January 1, 1985.
Unit Value 78.00
Attached Interest Coupons
Accrued Interest
34. $25,000,00 Tuscarora School District Authority, Franklin
County, General Obligation Bonds dated May 1, 1975,
6%, due October 1, 1986.
Unit Value 86.00
Accrued Interest
35. $25,000.00 Valley Forge Sewer Authority Guaranteed Sewer
Revenue Bonds, Series of 1975, 7.5%, due January 1, 2005.
Unit Value 101.00
Attached Interest Coupons
Accrued Interest
17,500 00
700 00
199 45
16,800 00
653 42
21,750 00
775 00
348 22
25,375 00
923 63
13,500 00
625 00
178 08
I
7,800 00
197 50
56 27
21,500 00
587 67
25,250 00
937 50
267 12
36. $25,000.00 Wi11iamsport Area Joint School Authority School
Revenue Bonds, Series of 1973, 5.60%, due September 1, 1998.
Unit Value 68.00 17,000 00
Accrued Interest 667 40
-4-
Inventory 01 Ihe reo\ and personal e.lote of
URIE D. LUTZ
deceased.
37. $10,000.00 York County Vocational-Technical School Authority
Series of January 1. 1986, 4.5%, due October 1, 1980.
Unit Value 98.00 9,800 00
Accrued Interest 176 30
38. Personal effects and household goods 4,500 00
TOTAL PERSONALTY:
$ 98,112 03
RECAPITULATION
TOTAL VALUE REAL ESTATE:
TOTAL VALUE PERSONALTY:
TOTAL APPRAISED VALUE:
$ 22,500. 00
$998,112.03
$1,020,612.03
(NOTE: All other property, both real and personal, was owned
by decedent and Helen B. Lutz, his wife. as Tenants by
the Entireties).
.
COMMONWEALTH Of PENNSYLVANIA
COUNTY OF CUMBERLAND
I
J
55:
Helen B. Lutz and David E. Lutz
.______ _"__ ___0 _______ _ .._._...._______ ___ ..u. __.____.____
being duly -----.Swor~ _,______ according 10 law, depose. and say. Ihat they__ar_e.....thfL-______
--Executors---,._-_..._-- ._,...____.____ of the Eslale of IIrie D Lutz
late of The Borough of C,ar1is1e , Cumborland County, Po., deceased and that the
within is an inventory mado by .H.~l.e!:LB..__L!!t.z an~L!tay:i,_g_E-,-.._LuJ:~, the said Executors
of the entire estate of said decedent, consisting of all Ihe personal property and real estate, except real estate outside
the Commonwealth of Ponnsylvania, and Ihal Ihe ligures opp site ea~h ilem of Ihe Inventor _represent it's fair value
as of the date of decode nt's death. 1 _'/ '
, ' < / I J
He '~l ~~:::'.tor David E. Lutz
4--J(,..''-l"-'L~l
and subscribed before me,
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19 III
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_j:arlisl~A 17013
Addr.u
WILLIAM L EARr. Netary Public
Larlisl(', Clfmb~rl.lnd Co., Pa.
M\: CQmmi5~ion Expires Aug. 13. 1984
Date of Death ___AugU6.t__
D.y
a
Month
1980
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INSTRUCTIONS <f.,'~
I"D
I. An inventory must be filed within three monlhs alter appointmenl of personal representativ~::,)
2. A supplement inventory must be filed within thirty days of discovery of additional assets. -,1:
3. Additional sheets may be attached as to personalty or ,Dally '"
,.
4. See Article IV, Fiduciaries Act of 1949. ' ,
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AFFIDAVIT OF
FIDUCIARY
(lnstlUctions on Reyerse Sido)
<~ I - J~ (h. S J:.;Z
*'
REV.Me EX" (3.80)
COMMONWEAL Tit OF PEN"SYLYANIA
OEPARTMF.NT OF REVENUE
TRANSFER INHERITANCE TAX
RESIOENT OECEOENT
Estale of
URIE D. LUTZ
Do te of Dea th
August 21, 1980
Lasl Add ress _.2.lL North._Hano:V.e.r-5.tr~,~
Social Security No. 174-05-1373
Carlis_l~ Pa.
17013
Bureau File No.
(C.ITYt
{!iTA TEl
(ZIP)
County File No.
21-20-522
I. Decedent died:
( ) Intestate (without a will)
(X ) Testate (leaving a lust will--copy alloched)
2. Is the fil ing of 0 Federal Eslote Tax Return required for this estate? Y es ~ No
3. ( X) Executor/Executrix
) Administrator/Administratrix
Name Helen B. Lutz I DRVirl F. Lutz
Address -2.17-K~Hanover St, I P. O. Box 810
.
Carlisle, Pa.17013 I r.::I,..l;~' p . PA 17013
(CITY) (STATE) (ZIP)
4. All correspondence should be mai led to ( X) Attorney
) Fiduciary.
5. If on allorney is representing the estate, indicote:
Name ~liam F. Martson. P,C.
Address -TeILEa~igh....S1:l:e"t
r.a,...l;~ll:.
(CITY)
'P.eI
(STATE)
1701 ~
(ZIP)
List all sofe deposit boxes registered in the decedent's individual namehor jointly with, or os an agent or deputy
of another, or in decedent's individual name with right of access by onot er os agent or deputy. Include the name
and address of the bank or other institution where the safe deposit box is located, the name (s) in which the box
is registered and the relationship of the joint holders to the decedent.
NAME AND ADORESS OF BANK OR OTH ER INSTITUTION
IN WHICH OECEaENT MAINTAINED A SAFE DEPOSIT BOX
NAME OR NAMES IN WHICH
SAFE DEPOSIT BOX IS REGISTERED
RELA TlONSHIP OF JOINT
HOLOERS TO DECEDENT
os it Bank and Trust
Decedent and Helen B.
Souse
ComIUl:
Lutz
'J't.:ro West HiglLSJ;ne
r.".,.li"l" PA 1.1
.
Under penalties of perjury, I declare that I have exomined this return, including occomponying schedules and
statements and to the best of my knowledge and belief it is true, correct and complete.
. ' )
'YC Jr, f3. Y'
1:lelen B. Lutz
Li\ \l'\?' \
DATE
REV0450 EX+ (3-80)
COMMONWEAL TH OF PENNSYLVANIA
OEPARTMENT OF REVENUE
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
SCHEDULE "A"
REAL PROPERTY
'*
(Instructions on Reverse Side)
ESTATE OF
1m TF. n LUTZ
ITEM
NO.
DESCRIPTION
ESTIMA TED
MARKET
VALUE
EPARTMENT
VALUATION
(OFFICIAL use
ONLY
1.
ALL THAT certain tract or piece of mountain Ian
situate in the Township of North Middleton,
County of Cumberland and Commonwealth of
Pennsylvania, containing twenty-two and one-ha1
(22-1/2) acres, and being more fully described
in Deed Book "S", Volume 20, Page 1146. It
being the same tract of land which Virgie E.
Kiehl of Penn Township, Cumberland County.
Pennsylvania, John E. Kiehl and Sarah Kiehl,
his wife, of R. D. 5, Carlisle, Cumberland
County, Pennsylvania, granted and conveyed
unto Urie D. Lutz.
Value based on appraisal, a copy of which
is attached hereto
Assessed Value: $1,910.00
22,500.00
(All other real property was owned by decedent
and Helen B. Lutz, his wife, as tenants by the
entireties.)
TOTAL THIS PAGE
22,500.00
,1,=1 .S-t:'o.oo
il29'1L.
REV0451 EX+ (3.80)
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
SCHEDULE "6"
PERSONAL PROPERTY
(Instructions on Reverse Side!
Estate of
BRIT n TIm
ITEM
NO.
DESCRIPTION
1.
Checking Account No. 56-66-2483, Dauphin
Deposit Bank and Trust Company; account
registered in name of decedent.
Date-of-death Balance
1,351 shs.,common, American Telephone
and Telegraph Company (NYSE) CUSIP No.
030177-10-9
877.672 shs., common, American Telephone
and Telegraph Company: shares held by
AT&T under Share Owner Dividend Reinvest
ment and Stock Purchase Plan,
Account No. 018-052-258
500 shs., common, Canadian Pacific
Limited (NYSE) CUSIP No. 136440-30-2
19.001 shares, common, Canadian Pacific
Limited; shares held by Bank of Montreal
Trust Company, New York, New York, under
Dividend Reinvestment Plan, Account No.
A2L912400.
6,100 shs., common, Carlisle Corporation
(NYSE) CUSIP No. 142339-10-0
Quarterly Dividend on Item 6 of Twenty-
eight cents ($.28) per share, declared
August 6, 1980, and payable on August 29,
1980, to Shareholders of Record of
August 13, 1980
315 shs., common, Cutler-Federal, Inc.
(OTC)
424 shs., common, Dauphin Deposit
Corporation (OTC) CUSIP No. 238289-10-2
1,648 shs" common, Deere and Company
(NYSE) CUSIP No. 244199-10-5
480 shs., common, EL PASO Company,
(NYSE)
27.065 shs., common, EL PASO Company;
shares held by E1 Paso Company under
Share Owner Dividend Reinvestment Plan,
Account No. LUT8529364
2.
UNIT
VALUE
ESTIMATED
MARKET
VALUE
40,436.04
3.
53.3125 72,025.19
4.
53.3125 46,790.89
42.9375 21,468.75
5.
6.
42.9375 815.86
38.125 32,562.50
'1.
8.
9.
10.
.28 1,708.00
3.25 1,023.75
33.00 13,992.00
35.9375 59,225.00
11.
12.
23.50 11,280.00
TOTAL THIS PAGE
23.50
636.03
_~M
~~\
DEPARTMENT
VALUATION
(OFFICIAL USE ONL Y!
jREV0.451 EX. (3-80)
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
Estate of
liTEM
'I NO.
I
: 13.
I
\
I
,
14.
15.
16.
i
,
d
,
,
I
I
i
i
I
;
h
I
I
17.
18.
I
!
I
I
,
I
I
I
I
i
I
I
i
i
i
I
i
I
,
I
i
,
i
19.
20.
21.
22.
SCHEDULE "B"
PERSONAL PROPERTY
(lnstruc/ions on Roverse Side)
URIE D. LUTZ
DESCRIPTION
UNIT
VALUE
19.594 shs., conunon, NORFOLK and WESTERN
RAILWAY COMPANY; shares held by Morgan
Guaranty Trust Company under Share Owner
Dividend Reinvestment Plan, Account No.
11-61216 (NYSE) CUSIP No. 655694-10-7
Quarterly Dividend on Item 13 of Fifty-
five cents ($.55) per share, payable
September 10, 1980, to Shareholders of
Record of August 1, 1980.
2,400 shs., conunon, Northwest Industries
Inc. (NYSE) CUSIP NO.667528-10-3
398.0527 shs., conunon, Northwest
Industries, Inc.; shares held by the
First National Bank of Chicago, P,O. Box
1762, Chicago, Illinois 60690, under
Automatic Dividend Reinvestment and
Stock Purchase Plan, Account No.
01-541-593756.
40.3125
.55
30.625
1,000 shs., conunon,
Corporation, (NYSE)
and 774347-10-8
30.625
Rockwell Internation 1
CUSIP Nos.657118-10-
30.50
Quarterly Dividend on Item 17 of Thirty-
five cents ($.35) per share, declared
July 2, 1980, and payable on September 8
1980, to Shareholders of Record as of
August 19, 1980.
267 shs., 4.75 Convertible Preferred,
Series A, Rockwell International
Corporation. (NYSE) CUSIP 774347-20-7
1,000 shs., conunon, Tiger International
Inc. (NYSE) CUSIP 886735-10-9
1,200 shs., conunon, Union Pacific
Corporation (NYSE) CUSIP 907818-10-8
53.134 shs., conunon, Union Pacific
Corporation; shares held by Morgan
Guaranty Trust Company, P. O. Box 3506,
Church Street Station, New York, New
York 10008. under Share Owner Dividend 41'.1>(-
R~in':7stment Plan, Account No. 11102- (48,375)
...'" , V"'T
TOTAL THIS PAGE
.35
50.00
27.125
. ~
/,ifJ',;;;O d
48.373t
ESTIMATED
MARKET
VALUE
789.88
10.78
73,500.00
12,190.36
30,500.00
350,00
40,050,00
27,125.00
[58,050,09
(2 570.36
~.
WJF
DEPARTMENT
VALUATION
(OFFICIAL USE ONL Yl
.fJ,; :Lo O. 00
?,b''17. M
REV"51 EX. (3.aO)
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
SCHEDULE "B"
PERSONAL PROPERTY
{Instructions on Reverse Side!
URIE D, LUTZ
ITEM
NO.
DESCRIPTION
23.
$20,000.00 Bristol Borough Water and
Sewer Authority Water Revenue Bonds,
Series of 1973, 5% due January 1, 1981
Attached interest coupons dated
July 1, 1980
Accrued Interest to date of death
$10,000.00 Carlisle Area Hospital
Authority Gross Revenue Bonds, Series
of 1973, 4.7%, due }mrch 1, 1981.
Accrued Interest to date of death
$20,000.00 Carlisle Area School District
General Obligation Bonds, Series of
1977, 5.7%, due March 15,1995
Accrued interest to date of death
$10,000.00 Carlisle Borough Sewer System
Authority, Series A-Revenue Note, Series
of 1979, 8%, due December 1, 1984
Attached interest Coupons dated
June 1, 1980
Accrued interest to date of death
$10,000.00 Clinton County Industrial
Development Authority, Industrial
Development Revenue Bond, Series B,
May 1, 1976, 6-1/2%, due May 1, 2006
Accrued interest to date of death
$35,000.00 Commonwealth of Pennsylvania
General Obligation Highway Bonds, Fourth
Series T of 1972, 4%, due January 1,2001
Attached interest coupons dated
July 1, 1980
Accrued Interest to date of death
$30,000.00 Commonwealth of Pennsylvania
General Obligation Bond, Second Series
D of 1973, 5%, due March 15, 2002
Accrued interest to date of death
$25,000.00 Department of Community
Affairs and Economic Development, State
of Delaware, 6.2%, due December 1, 1986
Attached interest coupons dated
June.l, 1980
24.
25.
26.
27.
28.
29.
30.
UNIT
VALUE
ESTIMATED
MARKET
VALUE
98.50 19,700.00
500,00
142.47
98,00 9,800.00
224.05
72.00 14,400.00
496.60
99.00
9,900.00
400.00
179.73
70.00 7,000.00
201.23
50,00 17,500.00
700.00
199.4
56.00
87.00
TOTAL THIS PAGE
'*'
DEPARTMENT
VALUATION
(OFFICIAL USE ONL Y!
,
RtV04S 1 e)(. (3.IDI
COMMONWEALTH OF PENNSYLVANIA
OEPARTMENT OF REVENUE
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
31.
32.
33.
34.
35.
36.
37.
38.
SCHEDULE "B"
PERSONAL PROPERTY
!Instructions on Reverse Sidel
URIE D , LUTZ
DESCRIPTION
$25,000.00 East White1and Municipal
Authority Guaranteed Sewer Revenue Bonds
Series of 1975, 7.75%, due September I,
2015.
Accrued interest to date of death
$25,000.00 The Parking Authority of City
of Lancaster, Parking Revenue Bond
Series of 1968, 5% due January 1, 2008
Attached interest coupons dated
July 1, 1980
Accrued interest to date of death
$10,000.00 Susquehanna Township Authorit
School Revenue Bond, Series A of 1966,
3.95%, due January 1, 1985
Attached interest coupons dated
July 1, 1980
Accrued interest to date of death
$25,000.00 Tuscarora School District
Authority, Franklin County, General
Obligation Bonds dated May 1, 1975, 6%,
due October I, 1986
Accrued Interest to date of death
$25,000.00 Valley Forge Sewer Authority
Guaranteed Sewer Revenue Bonds, Series
of 1975, 7.5%, due January 1, 2005
Attache~ interest coupons dated
July 1, 1980
Accrued interest to date of death
$25,000.00 Wi11iamsport Area Joint
School Authority School Revenue Bonds,
Series of 1973, 5,60%. due September 1,
1998.
Accrued interest to date of death
$10,000.00 York County Vocationa1-
Technical School Authority, Series
January 1, 1986, 4.5%, due October 1,
1980
Accrued interest to date of death
Personal effects and household goods
UNIT
VALUE
ESTIMATED
MARKET
VALUE
101.5 25,375.00
923.63
54.0 13,500.00
625.00
178.08
78.0 7,800,00
197.50
56.27
86.02,1,500.00
587.67
101.0 25,250.00
937.50
267,12
68.0 17,000,00
667.40
98,0 9,800,00
176,30
4,500.00
TOTAL THIS PAGE (998,112.03)
*
DEPARTMENT
VALUATION
(OFFICIAL USE ONL YI
77 ~ ,< ~ f, (,'l
A)"91G
I
,
I
,
,
D
Dauphin Deposit Bank
and Trust Company
MAIN OffiCE: 213 MARKET STRH T, HARRISBURG. p[Nr'SYlVAf~'A 1110$
111 2!1!1.?121
September 19, 1980
William F. Eartson
!lenderson Block
10 East Hil!h Street
Carlisle, Pa. 17013
He: Urie D. Lutz
!.IlGust 21, 1980 Deceased
Attn: William L. Earp
Dear Hr. Earp:
In regards to the above mentioned, we submit the follo"ing information as of the
date of de1lth:
Checkin~ account #56-66-2483 balance $40,436.04 (Urie Lutz only)
Safe Deposit Box #b6-G opened 7-1-40 (Joint with Helen Brindle Lutz)
If we can be of any further ~s5istance, pleare do not hesitate to contact us.
Very truly yours,
~~/ ~:;zf
Barry L. Elliott
Assistant Treasurer
BLE/lf
'.
REV."~2 ('.eol
COMMONWEA~TH OF PENNsnVANIA
DEPARTMENT OF REVENUE
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
ESTATE DF _ ITRTF. n T.ll'1'7.
SCHEDULE "C"
TRANSFERS
*'
INSTRUCTIONS:
1. Answer the questions on reverse side.
2. If the answer to any of the questions on the reverse side is "Yes," provide a description of the property transferred per
Schedules "A," "B," or "E," its estimated market value at date of death, dates of transfer, to whom transferred and
relationship of transferees to decedent. Attach a copy of any trust deed or instrument relating to the transferred property.
ITEM
NO.
DESCRIPTION
ESTIMATED DEPT. VALUATION
MARKET VALUE (OFFICIAL USE ONLY)
NONE
NONE
TOTAL THIS PAGE
NONE
NONE"
-<.li1-/i'
-~i1'~
QUESTIONS CONCERNING PROPERTV TRANSFERS
1. Did decedent, within two years of death, make any transfer of any material part of his estate without receiving
valuable and adequate consideration? (Answer "Ves" or "No".) NO
2. Did decedent, within two years of death, transfer property from himsel f! hersel f to himsel f/hersel f and another party
or parties (including a spollse) in joint ownership? (Answer "Ves" or "No".) ...N!l.--
3. If the answer to one or two above is "Ves" and the transfers are claimed to be nontaxable, provide the following
information:
a. Age of decedent at time of transfer.
b. Copy of death certificate.
c. Affidavit by the attending physician indicating the state of decedent's health at time of transfer.
d. All other information supporting nontaxability of transfer.
4.' Did decedent, in his/her lifetime, make any transfer of properly without receiving a valuable or adequate consideration
therefor which was to take effect in possession or enjoyment at or after his/her death? (Answer "Ves" or "No".) NO
a. Was there any possibility that the property transferred might return to transferor or his/her estate or be subject
to his/her power of disposition? (Answer "Ves" or "No".)
b. What was the transferee's age at time of decedent's death?
5. Did decedent in his/her lifetime make any transfer without receiving a valuable and adequate consideration therefor
under which transferor expressly or impliedly reserves for his/her life or any period which does in fact end before his/her
death:
a. The possession or enjoyment of or the right to income from the property transferred? (Answer "Ves" or "No".) NO
b. The right to designate the persons who shall possess or enjoy the property transferred or income therefrom?
(Answer "Ves" or "No".) NO
6. If the answer to five b. above is "Ves," state whether the right was reserved in decedent alone or others,
7. Did decedent in his/her lifetime make a transfer, the consideration for which was transferee's promise to pay income
to or for the benefit or care of transferor? (Answer "Ves" or "No".) NO
8. Did decedent, at any time, transfer property, the baleficial enjoyment of which was subject to change, because of
a reserved power to alter, amend, or revoke, or which could revert to decedent under terms of transfer or by operation of
law? (Answer "Ves" or "No".) NO
9. If the answer to eight above is "Ves," was the power to alter, amend or revoke the interest of the beneficiary reserved
in the decedent alone or the decedent and others? (Answer "Ves" or "No".)
l,ooo.-OO-pel:
-It6lLVILo:E..Last_Will
REV-4Sj EX+ (3.eO)
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
SCHEDULE "D"
BENEFICIARIES
*'
(Instructions on R(!versr. Side)
Estate of
URIE D. LUTZ
BENEFICIARIES AND ADDRESSES
RELATIONSHIP
SURVIVED
DECEDENT
DATE OF
BIRTH
INTEREST OF BENEFICIARV
e.
Item DJ of last Will
and Testanent
i
\>!hite H~
r.!:IY'1 ; ~, t:l. 'PA 1 7.0
~n 'fp.~r~t-
The above beneficiaries are living at this time except for the following:
NAME
DATE OF DEATH
SCHEDULE "D"
CONTINUED
Helen B, Lutz and David E. Lutz as Trustees for the
following persons:
One-half of said residue, which shall be computed by the
use of jointly owned property as a credit on this residue although
the same is not subject to Pennsylvania taxes, to be held for the
use and benefit of HELEN B. LUTZ durinB her lifetime, and upon
her death to pay the same to such persons as she shall appoint.
Upon default of appointment, the same shall pass under the
Residue Trust called for in Item IX of the Last Will and Testament.
Under Item IX of the Will with the net income payable to
Helen B. Lutz and the issue of David E. Lutz, at the discretion
of David E. Lutz, and upon her death Twenty-five percent (25%)
of the principal shall then be distributed to David E. Lutz,
Twenty-seven and one-half percent (27-1/2%) to David W. Lutz,
Twenty-seven and one-half percent (27-1/2%) to Virginia H. Lutz.
The remaining Twenty percent (20%) shall be paid to Progress
Foundation, a tax-exempt and charitable organization. The said
David E. Lutz intends to renounce his share of said residue
which, under the terms of the Will, passes to Progress Foundation.
:REV-454 E)(+" {3.BOl
COMMONWEALTH OF PENNSVLVANIA
DEPARTMENT OF REVENUE
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
SCHEDULE "E"
JOINTL Y OWNED PROPERTY
IItlstructions on Reverse Side}
'*
Estate of lIRTF. D LUTZ
p
TOTAL E VALUE OF DEPARTMENT
ITEM DESCRIPTION MARKET \ DECEDENT'S VALUATION
NO. VALUE INTEREST (Official Use Only)
l. NONE NONE NONE
TOTAL THIS PAGE
NONE
NONE"
RECCRDEr;.()Flr':r (l~
HEq!': ,\- .~ I' ~ .. ",
':'1
..,: 10<:
~ ~
~ ~
~ :>- :>-
::;
z
0 I
~ I
III
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,..l I
~ I
U Z I
,
i:: 0 I
~ ~
0 I I 0
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t- o V'l 0 Z 0
V'l V'l '" t- o
- ~
~ t- ~ '- ~ Z Z
,..l 0 - c:i ~ et: Z ~ ~ ~
,..l Z .G Z '- 0 :::> u l? Z
- 0 '" 0 0 0 -<
~ < ~ < u a "" :J
'lssmU! s,wapa::>ap aljl ~o an\e^ la>\JeW aljl ale::>\pU\ 'v
'ISSJSW! s,luapa::>sp a41 ~O a6ewa::>Jad aljl ale::>IPU\ 'f;
'AIJadoJd paUMO A\WIO! aljl ~O Snle^ laljJew lelOl aliI aleo!pul '~
'paLlS!IQelsa seM d!llSJauMo W!o! aLII slep aLlI pue (s) JSUMO'O::> a41 ~O lUapaoap
aljl 01 d!4SUO!lelaJ pue ssaJppe 'aweu atll apnl::>ul '"8,, alnpa40s JO~ 5UO!IOnJISU! aliI U! pale::>!pU! se
AlJadoJd leu05Jad lie sqp::>ssa '"'if,, slnpsqoS JO~ SUO!I::>nJI5U! a41 U! pale::>!pU! se AlJadoJd leaJ liB aqposaa . ~
'ISJH alelsa leaJ 15!1 'papnIOU!
aq 01 aJe AlJadoJd a\q!6ue\UI pue a\q\6uel 4108 'd!4sJo^!AJns ~o 146p 1I1!M slueuallulo! se salved JO AlJed
Ja410Ue 41!M AllU!O[ luapaoap a41 Aq pauMo '\EuosJad pue leaJ 'AlJadoJd lie apnl::>u! lsnw ..3.. alnpaljos
..3.. 31n03HOS DNI1.31dWOO 1:10:1 SNOll.Omll.SNI
.' "
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
HARRISBURG
AUG 271980
IlCt:.4.l(.H.'11
NOTE: TO BE SUBMITTED IN TRIPLICATE
Pennsylvania Department of Revenue
Bureau of County Collections
26 S. 4th Street
Harrisburg, Pennsylvania
Dear Sir:
Pursuant to Section 742, Pennsylvania Inheritance and Estate Tax Act of 1961,
we herewith submit the following report:
NAME OF REPORTING
FINANCIAL INSTITUTION Dnuph1n DAlpn,.it BSI11\r "..III T..""e
ADDRESS 2 Weat High 5t\"oet. Carlisle, .Pa. l?OlJ
ACCOUNT NO. OF JOINT,
TRUST OR INVESTMENT DEPOSIT 06-6-1:)209
NAMES ON ACCOUNT
OR INVESTMENT U1'1. D. I..ut2, TI'URt:". foro David Will \"m r."ev.
DECEASED JOINT DEPOSITOR,
TRUSTEE OR INVESTOR Ur1e D. Lutz
ADDRESS
AND COUNTY 217 N. IianO".l' .;it.. CarHd.. CWI1berland Co. I'a.
DATE OF DEATH 8-21-80
SURVIVING DEPOSITOR,
BENEFICIARY OR INVESTOR Dav1d Wlllb.m Lut.z
ADDRESS 129 Kontaera Rd, Carl1s1e, Fa.
1101)
RELATIONSHIP TO DECEDENT Gred a CIl
DATE DEPOSIT OR INVESTMENT
WAS ESTABLISHED fl 1, 79
BALANCE, INCLUDING INTEREST
DUE, AT DATE OF DEATH S lu,595.69 (Tnb,....t:- .nn.Ii~)
('~~. adlJ1.L.
Signature TITLE
. , -
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
HARRISBURG
/WG 2 7 1980
.*.'..'"
.~ . 'i.',
-. "'" ";;iu.'t
f~Cc:-..:l (40';91
".
"",
NOTE: TO BE SUBMITTED IN TRIPLICATE
--
--...,
--..,
Pennsylvania Department of Revenue
Bureau of County Collections
26 S. 4th Street
Harrisburg, Pennsylvania
Dear Sir:
Pursuant to Section 742, Pennsylvania Inheritance and Estate Tax Act of 1961,
we herewith submit the following report:
NAME OF REPORTING
FINANCIAL INSTITUTION i......f'l:Jlw rtf?Rlt ilr,RI[ tlf\:~ q'PllBt
ADDRESS 2 ~iest :'i~h ',h.....t ~""l' P 111
J .
ACCOUNT NO. OF JOINT,
TRUST OR INVESTMENT DEPOSIT Ol:,-6-1~411
NAMES ON ACCOUNT
OR INVESTMENT
PlI..
17Q13
t1,.i. n t,'ltr
for VlpsiDl~ ~.leD tu,.
DECEASED JOINT DEPOSITOR,
TRUSTEE OR INVESTOR IJ,'l.. L,. LlAl..
ADDRESS
AND COUNTY ?17 N. 1l'olJ:lCiVill' lOt.. Cap1.1811, GweerlaM Do.
DATE OF DEATH l:l-;U-BU
SURVIVING DEPOSITOR,
BENEFICIARY OR INVESTOR Vlrglflla Udell lAdIz
ADDRESS R.D. U 1, CR~1'u.J. PlI
1701)
RELATIONSHIP TO DECEDENT Ol'an'M.'lg"t:.~
DATE DEPOSIT OR INVESTMENT
WAS ESTABLISHED 8-15-79
BALANCE, INCLUDING INTEREST t'138 62
DUE, AT DATE OF DEATH S 2:,5':2.18 (lllt.rut.::' . i
~~, ~a4~iUJ!lV_
Signature TITLE
"
"
.... ~
tIl
.....
- ~ ~ ~
~ " all
>
Z ~ ~ 0 '-D
.. -cl
0 t'l III a
~ Eo< :Il
~ .....
tIl ..c ~
;:l .... "
...:I . ~ ~
Cl 0
< l!:
- ~ <)
u z ..... N
- 0 13 ..... .....
l>- N
I>- -
0 !;( 0
~ I>-
~ I:..
... 0 '" 0 z c:i
tIl ~ '" :>- ... 0
- I>l ... ~ z
z ~ z
:l 0 - 0 ~ z ~ I>l t.:i
Z ;:;: Z ... 0 ;:l u (,:l z
- ~ tIl 0 8 0 <: :l
~ ~ < 0 '"
RCC.3 1".131
APPLICATION FOR CHARITABLE EXEMPTION
FROM PENNSYLVANIA TRANSFER INHERITANCE TAX
(Act of May 28,1956, P,L. 1757, and Act af June 15, 1961,
P,L. 373, a. amended)
COMMONWEALTH OF PEHHSYLVAtllA
DEPARTMENT OF REVEHUE
BUREAU OF COUNTY COLLECTIONS
Applicotion is hereby filed lor the opprovol
of an exemption from Pennsylvania Transfer
Inheritance Tax an the transfer of the property
described below:
I 1. Bureau File # ? 1-80~82___..~.__
2. Dote 01 Oeoth __Augus t 21, 1980 --'- ,---
3, Dote 01 Approvol _{i/2-U.Ld?. '(;Jf.I-L
4. Home 01 Decedent ~e D. Lutz
5, The Commonweolth's opproi.ed value 01 the property 10, which on exemption i. c10imed i. $ 1,000,00
(Hate: Where the property i. other than 0 .pecilied amount 01 co.h, the exemption cannot be opproved until the value 01
the property ho. been estobli.hed by opproi.o' by the Commonweolth. except in tho.e co.e. where the amount 01 the gilt
or bequest r.pre.ents 0 stoted Iroctionolo, percentoge po,tion 01 the enti,e e.tote or the entire re.idue. In tho.e co.e.
enter such fractional or percentage amount above).
6. Check the monner in which the tronsler woS ellected and .ubmit 0 copy 01 the document authorizing the tron.ler, unle..
.uch moteriol ho. been previou.ly liled.
WILL 6t;
DEED 0;
TRUST II'l0EHTURE 0;
SURVIVORSHIP 0;
OTHER 0;
(II other, exploin)
7. Correct Business Name and Address of Charitable Organization receiving property:
NAME
United Church of Christ
ADDRESS ~O Nnr~h Pitt Street, Carlisle. PA 17013
o See listing on reverse side lor additional charitable organizations covered.
8. I certily thot the inlormotion contained herein is. to the be.t 01 my knowledge and beliel, true ond correct.
Signoture 01 Applicant G:yy.A.& g)~",it-
David E.~
Address 01 Applicant
P. O. Box 810. Carlisle. PA 17013
Olliciol Title
Executor
Dote
\ \\\\0\ CO \
This lo,m must b. complot.d in rdpllcoto ond olllhlee coplo. d.II....d 10 Ihe Regl.I., 01 Will. 10' the Counly in which Ihe d.ced.nl
,esld.d, 0' In which le",'s w.,e 'uu.d 10' 0 nono..sid.nt d.c.d.nl's estol.. If the d.c.d.nt wo. 0 non"..!d.nl 01 P.nn.ylvonlo ond
I.""s w..e nol Issu.d by 0 P.nn.yl.onlo R.glst.. of WIlls, d.II... olllh... copl.. 10 Ih. Ol<.cto'. Bu.,ou 01 Counly Colloctlons.
Penna. Department of Revenue, 26 S. 4th Street, Harri sburg. Po.
00 net write below this line, For Olliciol U.e Only
APPROVED: For the Secretory 01 Revenue REFERRED to Bureou Heodquorters
App.oved 0
For Secretary of Revenue
Denied' 0
'/J (Sign ure 01 Regi. er 01 Will.)
/!~~~?AhA~A( -
. (County)
(~AA;/__ .:.1'7,. / ~..f/
(Dote 01 Approvol)
(\nitiol. 01 Register 01 Will.)
(Authorized Signoture)
(County)
(Title)
(Dote 01 Rolerrol)
(Dote 01 Action)
. See reverse side for reasons
MUST BE FILED IN TRIPLICA TE
This soctlon will be completed by Bureau Headquarters only when the application for exemption has bean denied.
Date:
j The application for exemption contained on the face of this form has been denied because
I
j
I
Note: Any party in interest, Including the Commonwealth, aggrieved by this action may within sixty (60) days after
the dote of this notice exercise their rights of Protest, Notice, or Appeal In accordance with the provisions of applicable
Pennsylvania Inheritance ond Estate Tax Acts,
WILL1^M f. M^Rl'SON
MNIEL K. DE^RDORff
TIIOMM J. WILL1^MS
IVO V.01TO. OJ
. oM OI'!'!C"S RECORD[S,~lf; ':.'
"1 0 '-a- I-' _ REGlsr:o::.
Y/{-&"rUW :#.~k,tJ(J1V, !J! ~
IIENDER50N IlLOCK '81 JUL -7 \1\:?: 1 !>
TEN EAST HlGII STREET
CARLISLE, PENNSYLVANIA 17013
Cl.ERK -0,,, tit.',:.:, C';
CIJ/l6[iil./, :1: C(), ,
AREA CODE 717
243-3341
July 7, 1981
Mrs. Hary C. Lewis
Register of Wills
Cumberland County Courthouse
Carlisle, PA 17013
RE: Estate of Urie D. Lutz
File No. 21-80-582
Dear Mrs. Lewis:
Enclosed is the Pennsylvania Inheritance Tax Computation
for the Estate of Urie D. Lutz, Deceased. In computing the
amount of tax for the Helen B. Lutz interest in the Residuary
Trust, we have used the tax factor of ,11060, said factor
having been received from the Department of Revenue by letter
dated June 23, 1981, a copy of which is attached.
If our calculations are approved as submitted, we have
then overpaid the amount of inheritance tax due for this
estate by $2,602.90. Upon receipt of notice of the final
determination of tax from the Department of Revenue, we will
submit an application for refund of the overpayment.
Please feel free to call if you have any questions.
Very truly yours,
WILLIAM F. MARTSON, P,C.
w:&~~ ~ '~Lu..f
William L. Earp
Estates Administrator
WLE/sg
Enclosure
,
REcop-orr .l,r' .,
REGIS, '
'81 .JIII-7 P1?,~~
ClERr;-:.:.:,Jd.',',',,' r'
Cl.'mHI.'\lili c:
April 24, 1981
~rr. Robert L. Schrift
Section Supervisor
Inheritance Tax Control
, Co=om.ea1 th, of Pennsylvania
Department of Revenue,
Bureau of Field Operations
P. 0., Box 2970
Harrisburg, PA 17105
RE: Estate of Urie D. Lutz, Deceased
File No. 21-80-0582 '
County of Cumberland
Date of Death: August 21, 1980
Dear Mr. Schrift:
Enclosed is a copy of the Last Will and Testament of
.Urie D. Lutz. You will' note that a portion of the estate will
'form a residuary trust under the terms of Item IX of said Will,
in which Mr. Lutz's widow, Helen B. Lutz. and the issue of
his son, David E. Lutz, have a life interest. which interest
is measured by V.rs. Lutz's life only., Hrs. Lutz's date of birth
is October 12, 1893. We request that you furnish us with'the
necessary factor which we will apply to the residuary trust
for determining the tax on the widow's life interest.
With regard to this residuary trust, please note that
under Item IX, Paragraph (b) a power ,of invasion exists in
the trustee with regard to the principal of the trust for the
support, maintenance and welfare of the widow and of the issue
of the decedent's son. We would propose (which proposal was
confirmed to be in line with Department of Revenue procedures
in a telephone conversation with Gary Schetrompf) to postpone
the determination of any tax payable with regard to the power
of invasion until such time as any invasion ~lould occur. Such
invasions would then be taxable as they occur.
With regard to the remainder interest in the trust. please
note that under Article 9, Paragraph (d), one of the residuary
'-
~~. Robert L. Schrift
April 24, 1931
Page Two
beneficiaries is a charity, such charity being the Progress
Foundation. Inasmuch as the power of invasion exists as stated
in the previous paragraph, we would propose to postpone the
payment of tax on the remainder interest in the residuary trust
until the death of the widow. This approach was also confirmed.
as bein8 in line ,with the Department of Revenue procedures in
the same telephone conversation with Gary Schetrompf.
Please feel free to call if questions arise.
Very ,truly yours,
l-lILLIAH F. P.ARTSON. P. C.
Ivo V. Otto, III
, IVO/clm
Enclosures
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF EXAMINATION
OFFICIAL NOTICE OF
INHERITANCE TAX
ASSESSMENT
'*'
COUNTY FILE NO:
- ;' -
/,_ I
',/
,.~I - - .,,' ':J
;''/.';/1
,
OATE
, //
'(/
/ ','
.-'
FILE NO,
.:. "/ -- '))).-
,(, ';;!}' 7:::
, 1
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I
TO:
;'
,-f .~ fr -1 "'-~'j
'-.- //./ ( I /,"
.~ ~
.' L
ESTATE
..- "
_./1
; " .,-- ';, .,- r
,1/..'1-) / ..//,..1 :.. /f..,1 ~. r I? .
" I
. .;r;::(/ /' ;~} / ,;..;..
COUNTY
;'; ,
/:/ / ' /' ',' -' ../
'''"/,,, , .. .(AA',.f
.; f:?'/ /~rtJ
'1./ /.
I .t1,:/'; ,.r;"
/
//./ ./i / I
//
,.
OA TE OF OEA TH "
Appraised Value of Estate:
Real Estato
v
$ .~ j'
:_-<} '-(I
Personal Property
,/ ..-,
+ / I .'
{' f./
/
Jointly Held Property/Transfers
+
Total Gross Estate
S I , , /,~~ .~: ,> l
'/ II, '/ /<.;
/ I,
I
S , '~i '-;',/"/ /' ,
/ I
/
,:~D ,.-.t')
,
-
S /I :' ~','-' '/ >/,
Total Approved Deductions
Clear Value of Estate
less: Approved Charitable Exemptions
Clear Value of Estate Subject to Tax
.,', ",';, -'-:--!J
I'-I~(....,~_/.-(...(,,,,,,,,,,,.r
-', I.
Amounl Taxable @ 6% Ral6 ".J.<-;L
.. '.-
///; ."'- _.~
, ';''' I ~; "'" '.' '/ .'
".:"~-';-;--'-'~"---
t.- ,/ r)
,.'/ ~:f(;- 7
$ ,.....,- 1 ~> 1
,
'IV:
- -
.u.tA$
, "
tax due
/, (,.
Amounl Taxable @ '5% Rale
'j '. ~J ...,,'---Ii . '-/')
/
tax due
/,,>>1..(./ (-:--()
TOTAL PENNSYLVANIA INHERITANCE TAX ~UE
$ '"i7 :. (f"). //)
/
* * * * * .. A five percent discount totaling S
will be granted if the Inheritance Tax is paid by
Less Credits:
DATE OF PAYMENT
AMOUNT PAlO
OISCOUNT
INTEREST
TAX CREOIT
1- / '/ . .'://
1.-.",:1 "",/}
$
+
$
$
$
/. \-r'i .-'(1
=
"
i). :11.7/
"
+
'I ';';-1' '-r)
'/
. '/ '/;/} I' 't::
/
=
+
=
Interest accrues at the rata of six (61 percent per
on the unpaid balance of Inheritance Tax from
to date of payment. Interest due if paid by
Bnnum
is
://~~ L/"y~y;(_t:~_J
it!tZcA'c~C-
'~':/ ,""..i //J
$ \ ,~/_ -_r _, . " /.~
((" '{:i..lofi--<.-,c..
) , (,-,;,)
Assessed by: ./ /-/ .1' ,/,i//'-/"--....:
See Informallon on Reverse SIde Agent,orthZCorn nw...lth...../ .- .~ ~
I .
+-
/ ;, ,j,' I, .J
/ 1...,-, I L~
(/
BALANCE OF PENNSYLVANIA INHERITANCE TAX DUE
.l!. IJ",
ASSETS:
RECORDED I1r'- ,--
REG/"f'./ E;'STATE OF URIE D. LUTZ
'81 nJ 7 FILE NO. 21-80-582
, l - PI?'1Y
PENNSYLVANIA INHERITANCE TAX COMPUTATION
CLERK-OI?PII:"" "',,
CUNfJEFiLMII f" .
Schedule "A"
Schedule "B"
Gross Assets
Debts and Deductions
Net Estate
Charitable Bequest, United Church
of Christ, Carlisle, PA
$ 22,500.00
998,268.67
$1,020,768.67
57,464.42
$ 963,304.25
1,000.00
$ 962,304.25
From United States Estate Tax Return, Form 706:
Marital Trust and
Deduction
Entireties Property and
out-of-state property
not on PA 449:
$769,178.95
517,017.92
Taxable Portion of Marital Trust:
252,161.03
710,143.22
52,000.00
$ 658,143.22
Specific Bequests
RESIDUARY TRUST
TAX COMPUTATION:
1. Taxable Portion of Marital Trust
$252,161.03 at 6%
$
15,129.66
2.
Specific Bequests:
$52,000.00 taxable at 15%
Helen B. Lutz Life Interest in Residuary Trust:
$658,143.22 x .11060 = 72,790.64 at 6%
4,367.44
27,297.10
7,800.00
3.
$
(NOTE: Tax on Remainder Interest in Residuary Trust
to be ascertained and paid at death of
Helen B. Lutz)
TAX PAYMENTS ON ACCOUNT:
January 12, 1981
May 21, 1981
$ 900.00
29.000.00
TOTAL TAX PAYMENTS
AMOUNT OF OVERPAYMENT
$
$
29,900.00
2.602.90
AEY-e07 EX ....aol
INHERITANCE TAX REFUND CALCULATION SHEET
ESTATE OF Li RI E D LUTZ.
COUNTY OF (lumBULAAJc,
DATE OF APPRAISEMENT S / ;;1.1 / g I
I I
STATE FILE # :J I &I2..=....OS8.:t.
DOCKET # 19()Sto
.
02...:2.. .soo .00
,
REAL PROPERTY
$
PERSONAL PROPERTY
QQc;?J.:2.Co1k7
- 0
TRANSFERS
JOINTLY HELD PROPERTY
_0
GROSS ASSETS
I, O;;LOJ 7(o~'ro 7
.574(,,4.<i;2
,
9 t.JJ 2 . 3,(J1.{ .S..S
,
1,000,00
'lea;), 304.:J..,s
S~ ,000 ,00 =
q 10, ' 30l.{ . .:2.::::-
P1..$ ~. (CD ( . 0 3 -
to ~~ ,/4 '3. :l:<"
7:J.., 790.ta<f. @b% ':.
'i,3ta7.l.f4
LESS DEBTS AND DEDUCTIONS
CLEAR VALUE $
.B~e.. ~ c.,..a:,\l(lTj
S Ptt, BcE.e., @ I ~'Yo
fY/AR.ITAL ~UST (2)b%
Ll PE:.. E~T4TE. Ii> W/f~
"s~, I~ 3.-1.;:t X G 1/0(,,0) :.
1,9:00,00
I S, I =z.. 't . ~~
CALCULATED BY:
C', UJQMAM.'~ DATE: 'i' /:2 hI
o ( I
:J., lQ 0:::> ,9 () REFUND DETERMINED: $
;) . CoO :J .96
.
REFUND CLAIMED: $
"
,
,
h,
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~...
~, 0, .. ,
.;=--" .;:.....
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l.L}L.' :.<:..
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.'
FOR INHERITANCE AND ESTATE TAX
11It.:I0t
It. I IlK:!
FINAL CERTIFICATE
Randy Miller
Ek.eut~~. DlrOC1or
No._~072
To r:. ro. C'llTOl1
;; (~: '.~i...!~~:}~ '.:t., \, 1"1t
"'~I 1-:-5, f.!. .'. :".~:1-;" ...
Re. The F.state of :! L,' t z. l.'r i (' D.
Social 8ecurit), No. ..'~ 7 ,~ - n~. -1 :: 7:;
Date or d(>alh: ~, - 2: - [, 0
Resident of
, .. ~'('rl...nd
County,
St.1te of
, ~-: :~ :=;vJ \' ~;:ia
Date:
~.-:."'-~)3
THIS 'IS TO CERTIFY, That in accordance with the provisions of Chapter 198, Florida Statutes,
there has been filed with this office a sworn return for Estate Taxes as required by law in the above
named Estate and that the amount of tax assessed by the State of Florida against said estate was
FGU!1. T:'{)~~.,f\'~f) FI',.:~ 'l:"lq~."!) 'r . :'....., .~ "',~ .., 'JT 1'~.:'.~:':' ..\\TI 35/100
Dollars
The total tax paid amounted to, , . . , $ 1.529.35
The total interest paid amounted to $ 2,~4. 70
The total penalty paid amounted to $ ~~O~~F
..... .
.
No claim for refund of the above tax, or any part thereof, is pending, and no refund has been
.
authorized,
Given in quadruplicate under
written,-, '. - ", .,',..,., ,-.
my hand and the seal of the State of Florida the date first above
" . . ,.
" '. .- . ,-', - '" " '=-. c'
.. ~~"\'_ ......... ~~..~,...... .t.,
Q~MJt~
ExecutfYeJDirector
Department of Revenue
'.
'." .'.
Not Valid ,withou( S'eal Affixed
,
,;'..
L';';
~~.i
1.WQ.~
0: '
'"
p::>
...."~""_..l;I'Ol>..X1.."..U".7."-~,,.......r..~l_..V-'.....l't..,,....
--
--_.or.
WILLIAM F. MARTSON, P.C.
TEN EAST HIGH STREET
CARLISLE, PENNSYLVANIA 17013
(717) 243-3341
,.....~......,_~..<l.-_"-..,..,.........."............""...-_._
...---
_____:_,_...._____,...-..,........__..._.....-.-.."~_
,.
'-,
DATE June 7, 1983
Register of Wills
Cumberland County Courthouse
L Carlisle, PA 17013
SU8.JECTUrie D. Lutz Estate
File No. 21-80-0582
TO
,_.
Dear Mrs. Lewis:
Enclosed for your files is a copy of the "Final Certificate for
Inheritance and Estate Tax" which we received this '-leek from the
Executive Director of the Department of Revenue for the State of
Florida. Said certificate shows payment of estate tax in the amount
of $4,529.35 plus interest in the amount of $284,70,
Please call our office if you have any questions.
I:i" "I)
..1. c..c.
..:!j,~
SIGNED ~ ~ "-'41
IVilliam L. Earp, Estates Administrator
_~.,.-..I<U;~~"_''''"'''--:''._.~'.....,..',,',..,, '.......'.'...: ','r.'-",,",
-'..~... ,,, ...:'.-...-.,<.,','-~~....=~,.,~"'~'"""_....~~&-
.".H
'C""""'M. (....".~J'I"H. Q<...., <...~,...."',..... ,.." ..~~.,.,,,,, . .....',,'~..,__ .,....-.., ......
"
------------------
REV. 483.A EX t9.841
ACN 201
\
.~~,
~C:i'
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF EXAMINATION
p, 0, BOX B327
HARRISBURG, PA 17105
o
FILE NUMBER 21 60-0582
NOTICE OF DETERMINATION AND
ASSESSMENT OF PENNSYLVANIA
ESTATE TAX BASED ON FEDERAL
ESTATE TAX RETURN
DATEOl- L3-80
ESTATE OF
LUll
URlE
DATE OF DEATH 08-21-80 COUNTY CUM8ERLAND
NOTE: TO INSURE PROPER CREDIT TO YOUR ACCOUNT, SUBMIT THE UPPER PORTION OF TillS NOTICE WITH YOUR TAX PAYMENT TO
THE REGISTER OF WILLS OF THE ABOVE COUNTY, MAKE CHECKS PAYABLE TO "REGISTER OF WILLS AGENT,"
WILLIAM F MARTSON ESQ PLEASE RETURN THIS
10 E HIGH ST PORTION TO REGISTER OF
rARLI SLE PA 17013 WILLS IF PAYMENT IS DUE
" AMOUNT REMITTW
5
~~~I~h~N~Y~!~~~S______!~~!~~2~~!~~~~!~_~~~~~2~2~_---------------------
NOTICE OF OETERMINATlON AND ASSESSMENT OF PENNSYLVANIA ESTATE TAX BASED ON FEOERAL ESTATE TAX RETURN
ESTATE OF LUTl URIE 0 FILE 21 80-0582 ACN201 DATEOl-13-86
NUMBER
ESTATE TAX DETERMINATION AND ASSESSMENT
1.
21,314.63
1. Credit For State Death Taxes as Verified
2,
27,297.10
2. Pennsylvania Inheritance Tax Assessed
(Excluding Discount and/or Interestl
3. Inheritance Tax Assessed by Othe, States
or Territories of the United States
(Excluding Oiscount and/or Interestl
4. Total Inheritance Tax Assessed
(Line 2 piUS Line 31
S. Pennsylvania Estate Tax Due
(Line 1 minus Line 41
.00
3,
27,297. LO
4,
5,
.00
TAX CREDITS:
Amount Paid
Payment
Date
Receipt
Number
Interest t.)
Total Tal( Credit
Balance of Tax Due
Interest
.00
.00
.00
* If PAlO AFTER THIS DATE SEE REVERSE SIDE
fOR CALCULATION Of AODITIONAL INTEREST
Total Due .
tll Balance Due is less than $1. no payment ;s required)
REV. 736.AEX 1983)
J
COMMONWEAL TH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF ACCOUNTS SETTLEMENT
P. O. BOX 8903
HARR ISBURG. PA 17105
NOTICE OF DETERMINATION AND
ASSESSMENT OF PENNSYLVANIA
ESTATE TAX BASED ON FEOERAL
CLOSING LETTER
ACN
202
DATE
01.-21-86
ESTATE OF
LUll
UR1l:
:J
FilE NUMBER 21 BO-CS32
OATEOFOEATHOCl-21-dO COUNTY CUI"BI;I~LAr.:)
NOTE: TO INSURE PROPER CREOIT TO YOUR ACCOUNT SUBMIT TilE UPPER PORTION OF THIS NOTICE WITH YOUR TAX PAYMENT TO
THE REGISTER OF WilLS OF THE ABOVE COUNTY, MAKE CHECKS PAYABLE TO "REGISTER OF WillS. AGENT."
ioIILLlAM F r~ARTSON tSiJ
lU t: HIGH ST
CARLlSlf:
PA I. 10 13
PLEASE RETURN THIS
PORTION TO REGISTER OF
WILLS IF PAYMENT DUE
CUT ALONG THIS LINE
X -----------------,-------------------------------------------------
NOTICE OF DETERMINATION ANO ASSESSMENT OF PENNSYLVANIA ESTATE TAX BASEO ON FEDERAL CLOSING lETTER
ESTATEOFLUTl UKIE u N~~~ER2I GC-05el ACN ;~Ol OATEOl-2I-81>
ESTATE TAX DETERMINATION
1. Credit For State Death Taxesas Verified
21. )14.1>3
2. Pennsylvania Inheritance Tax Assessed
(Excluding Discount and/or Interest)
3. Inheritance Tax Assessed by Other States
or Territories of the United States
(Excluding Discount and/or Intere")
4. Total Inheritance Tax Assessed
J7, ,Q7. I,)
.0.'
27.291.10
.00
5. Pennsylvania Estate Tax Due
6. Amount of Pennsylvania Estate Tax Assessed
Based on Federal Estate Tax Return
.00
.00
7. Additional Pennsylvania Estale Tax Due
TAX CREDITS:
Payment
Date
Receipt
Number
Interest (.I
Amount Paid
oC< IF PAri.: M.fl:l( TillS j)J,H, sa i,CVf:"SE SIiJ[
FOR {.,\lCiJLAT ION dF ALJiH T ICr,AL 1NT[(>.f:5T
Total Tax Credit
Balance of Tax Due .
Interest .00
Total Due . 00
(If Balance Due is less than S1.00 roo payment Is required)
COpy 2-REGISTER OF WILLS
.- ._- ._- - - . - -- -.- _. --- ------ --- .--
... --.--.. --- -- --- -.... ----- - -- -- -- ----..-~~9
i-.....
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,~.
uz-:
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~
ACCOUNT STATED IN LIEU 01' FIHST AND FINAL ACCOUNT OF
DAVID E. LUTZ, EXECUTOR UNDER THE LAST WILL AND TESTAMENT OF
URIE D. LUTZ, LATE OF THE BOROUGH OF CARLISLE,
CUMBERLAND COUNTY, PENNSYLVANIA, DECEASED.
ACCOUNT STATED AS OF SEPTEMBER 19 1986
DA VID E. LUTZ, Executor as aforesaid and Accountant herein, avers as follows:
DATE OF DECEDENT'S DEATIl
DATE LETTERS TESTAMENTAny ISSUED
August 2 I, 1980
September 9, 1980
LETTERS TESTAMENTARY WEnE ADVERTISED AS FOLLOWS:
The Sentinel : ,-larch 16,23,30, 1981
Cumberland Law Journal : ,.:arch 20,27 ,April 3, 1981
INHERITANCE TAXES have been paid, as foliows:
1. Internal Revenue Service: Payment in the amount of $191,617.20 was
made May 20, 1981.
2. Commonwealth of Pennsylvania: Payment in the amount of $27,297.10 was
made, with final payment on May 21, 1981.
PERSONALTY-PRINCIP AL ACCOUNT
DEBITS
The Accountant charges himself with receipt of the decedent's
goods and chattels as follows:
1. 266 shs., common, AMERICAN INFORMATION TECHNOLOGIES
CORPORATION at 131.00 per share $ 34,846.00
2. 1,351 shs., ,common, AMERICAN TELEPHONE AND TELEGRAPH
COMPANY at 23.625 per share 31,917.37
3. 532 shs., common, BELL ATLANTIC CORPORATION at
66.50 per share 35,378.00
4. 798 shs., common, BELL SOUTH CORPORATION at
56.75 per share 45,286.50
5. 3,400 shs., common, CARLISLE COMPANIES, INC. at
29.75 per share 101,150.00
6. 1,648 shs., common, DEERE AND COMPANY at
24.375 per share 40,170.00
7. 532 shs. common, NYNEX CORPORATION at
62.375 per share 33,183.50
8. 532 shs., common, PACIFIC TELESIS CORPORATION
at 51.625 per share 27,464.50
:-, i ~'
. .....
',' .,
.......1.;.
:'1 r~
1 ;,,'f)
Wt)
LAW Of"FICHS - MAlITSllN. IH~^RDOJU~F. WILI.IAMS & OTl'O
.-.--
)/
9. 2,000 shs., common, ROCKWELL INTERNATIONAL
CORPORA TION at 37.75 per share 75,500.00
10. 267 shs., $4.75 convertible preferred Series A, ROClnVELL
INTERNATIONAL CORPORATION at 388.00 per share 103,596.00
11. 266 shs., common, SOUTHWESTERN DELL CORPORATION at
105.75 per share 28,129.50
12. 1,267 shs.,common, UNION PACIFIC CORPORATION at
56.50 per share 71,585.50
13. 532 shs., common, US WEST INC.
at 53.625 per share 28,528.50
14. 877.672 shs., AMERICAN TELEPHONE AND
TELEGRAPH COMPANY, Dividend Reinvestment Plan,
Account No. 063-872-071-Y; balance as of
08/12/86, at 23.625 per share 20,735.00
15. 2,400 shs., common, NORTHWEST INDUSTRIES, INC.,
acquired by FARLEY/NORTHWEST INDUSTRIES and
LONE STAR TECHNOLOGIES:
(a) 4,800 shs., 13.50 pfd., FARLEY/NORTHWEST
INDUSTRIES at 24.25 per share 116,400.00
(b) Received Stock Dividend, 349 shs.
FARLEY /NORTHII'EST INDUSTRIES, 13.50 pfd:
(I) 04/15/86 172 shares
(2) 07/15/86 177 shares
TOTAL 349 shares at 24.25 per share 8,463.25
(c) 2,400 shares, common, LONE STAR TECHNOLOGIES
at 7.375 per share 17,700.00
16. Checking Account No. 56-66250-5, Dauphin Deposit
Dank and Trust Company 9,103.29
17. Savings Account No. 06-61743-3, Dauphin Deposit Bank
and Trust Co mpany 165.39
18. Dean Witter Reynolds, Inc., First Jersey National
Dank, Account No.4 10-26004-50 180,452.16
TOTAL, PERSONALTY, PRINCIPAL ACCOUNT, DEBITS: $1,009,754.46
. r ,- 1 1
p-..... "1'" ......- - ):'
..":.r ___;._~ j'.:.....: o~
LAW O."FICES - MAU1'SQS, m';AlIUOJUo'1-o. Wll.l.IAMt:I lit ona
{-"{
~~~
?:~
'.
9. Dividend on 3,400 shs. CARLISLE COMPANIES, INC.,
common, at 0.275 per share, payable 08/29/86 935.00
10. Interest on Market Square Cash Manager Account, 09/03/86 12.83
11. Dividend on 2,000 shs. ROCI(IVELL INTERNATIONAL COHPORATION,
common, at 0.30 per share, payable 09/08/86 600.00
12. Dividend on 532 shs. DELL ATLANTIC CORPORATION,
common, at 0.90 per share, payable 08/01/86 478.80
13. Dividend on 1,267 shs. UNION PACIFIC COHPOHATION,
common, at 0.45 per share, payable 07/01/86 570.15
TOTAL, PEHSONALTY, INCOME ACCOUNT, DEBITS:
PERSONALTY-INCOME ACCOUNT
CREDITS
$ 5,780.30
The Accountant claims credit for the payment of the following
items from personalty income:
NONE
$ NONE
TOTAL, PEHSONALTY, INCOME ACCOUNT, CREDITS:
REAL ESTATE-PRINCIPAL ACCOUNT
DEBITS
The Accountant charges himself with receipt of the decedent's
real estate, as follows:
$ NONE
$ NONE
TOTAL, REAL ESTATE, PRINCIPAL ACCOUNT, DEBITS:
REAL ESTATE--PRINCIPAL ACCOUNT
CREDITS
The Accountant claims credit for the payment of the following
items from decedent's real estate, principal account:
NONE
NONE
TOTAL, REAL ESTATE, PRINCIPAL ACCOUNT, CREDITS:
REAL ESTATE-INCOME ACCOUNT
DEBITS
The Accountant charges himself with receipt of the following
items of real estate income:
NONE
TOTAL, HEAL ESTATE, INCOME ACCOUNT, DEBITS:
REAL ESTATE--INCOME ACCOUNT
CHEDlTS
NONE
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The Accountant claims credit for payment of the following items
from real estate income:
NONE
TOTAL, REAL ESTATE, INCOME ACCOUNT, CREDITS:
NONE
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RECAPITULA TION
I. PERSONALTY
A. PRINCIPAL ACCOUNT:
Debits: $1,009,754.46
Credits: 6,462.00
Balance: $1,003,292.46
B. INCOME ACCOUNT:
Debi ts: $ 5,780.30
Credits: NONE
Balance: 5,780.30
C. NET BALANCE OF PERSONALTY: $1,009,072.76
II. REAL ESTATE
A. PRINCIPAL ACCOUNT:
Debits: NONE
Credits: NONE
Balance: NONE
n. INCOME ACCOUNT:
Debits: NONE
Credits: NONE
Balance: NONE
C. NET BALANCE OF REAL ESTATE NONE
1II. NET BALANCE OF ESTATE FOR DISTRffiUTION $1,009,072.76
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LAW O"'FICI~S - M^H"~OS. UI';AHUOIU'!o'. WII.I.IAMS IIr OTTO
STATEMENT OF PROPOSED DISTRIBUTION DY
DAVID E. LUTZ, EXECUTOR UNDER THE LAST WILL AND TESTAMENT OF
URIE D. LUTZ, LATE OF THE DOROUaH OF CARLISLE,
CUMDERLAND COUNTY, PENNSYLVANIA, DECEASED.
DA VID E. LUTZ, Executor of the Last Will and Testament of UIUE D. LUTZ,
Deceased, proposes to distribute the balance in his hands, to wit: $1,009,072.76, in
accordance with the said Last Will and Testament as heretofore filed in the Office of
the Register of Wills of Cumberland County, Pennsylvania, as follows:
I. TO: DAVID E. LUTZ, per ITEM IX(d)(2)(i) of thc
Last Will and Testament
A. CASH $ 47,209.04
D. IN KIND: Securities as listed hereinafter:
I. 68 shares, common, AMEIUTECH,
at 131.00 per share 8,908.00
2. 338 shares, common, AMERICAN
TELEPHONE AND TELEGRAPH
COMP ANY at 23.625 per share 7,985.25
3. 134 shares, common, BELL ATLANTIC
CORPORATION at 66.50 per share 8,911.00
4. 200 shares, common, BELL SOUTH
CORPORATION at 56.75 per share 11,350.00
5. 850 shares, common, CARLISLE
COMP ANIES, INC. at 29.75 per share 25,287.50
6. 412 shares, common, DEERE AND
COMPANY at 24.375 per share 10,042.50
7. 134 shares, common, NYNEX
CORPORATION at 62.375 per share 8,358.25
8. 134 shares, common, PACIFIC TELESIS
CORPORATION at 51.625 per share 6,917.75
9. 500 shares, common, ROCKWELL
INTERNATIONAL CORPORATION at
37.75 per share 18,875.00
10. 66 shares, $4.75 Convertible Preferred,
Series A, ROCKWELL INTERNATIONAL
CORPORATION at 388.00 per share 25,608.00
11. 66 shares, common, SOUTHWESTERN
BELL CORPORATION at 105.75
per share 6,979.50
12. 316 shares, common, UNION PACIFIC
CORPORATION at 56.50 per share 17,854.00
13. 134 shares, common, US WEST INC.
at 53.625 per share 7,185.75
14. 220 shares, AMERICAN TELEPHONE
AND TELEGRAPH COMPANY, Dividend
Reinvestment Plan, Account No.
063-872-071-Y, at 23.625 per share 5,197.50
15. 1,200 shares, 13.50 preferred, FARLEY!
NORTHWEST INDUSTRIES, INC. at 24.25
per share 29,100.00
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16. 87 shares, 13.50 preferred, FARLEY/
NORTHWEST INDUSTRIES, INC. at 24.25
per share 2, 109.75
17. 600 shares, LONE STAR TECHNOJ,OGIES
at 7.375 per share 4,425.00
TOTAL DISTRIBUTION TO DAVID E. LUTZ
$ 252,303.79
2. TO: URm D. LUTZ TRUST for benefit of
David William Lutz, per ITEM IX(d)(2)(ii)
of the Last Will and Testament
A.
B.
C.
CASH
CASH - Partial Distribution, 06/12/86
IN (UND: Securities as listed hereinafter:
$ 41,925.29
10,000.00
I. 73 shares, common, AMERlTECH,
at 131.00 per share 9,563.00
2. 371 shares, common, AMERICAN
TELEPHONE AND TELEGRAPH
COMP ANY at 23.625 per share 8,764.87
3. 146 shares, common, BELL ATLANTIC
CORPORATION at 66.50 per share 9,709.00
4. 219 shares, common, BELL SOUTH
CORPORATION at 56.75 per share 12,428.25
5. 935 shares, common, CARLISLE
COMP ANIES, INC. at 29.75 per share 27,816.25
6. 453 shares, common, DEERE AND
COMPANY at 24.375 per share 11,041.87
7. 146 shares, common, NYNEX
CORPORATION at 62.375 per share 9, 106.75
8. 146 shares, common, PACIFIC TELESIS
CORPORATION at 51.625 per share 7,537.25
9. 550 shares, common, ROCI{WELL
INTERNATIONAL CORPORATION at
37.75 per share 20,762.50
10. 74 shares, $4.75 Convertible Preferred,
Series A, ROCKWELL INTERNATIONAL
CORPORATION at 388.00 per share 28,712.00
11. 73 shares, common, SOUTHWESTERN BELL
CORPORATION at 105.75 per share 7,719.75
12. 348 shares, common, UNION PACIFIC
CORPORATION at 56.50 per share 19,662.00
13. 146 shares, common, US WEST INC.
at 53.625 per share 7,829.25
14. 241 shares, AMERICAN TELEPHONE AND
TELEGRAPH COMPANY, Dividend
Reinvestment Plan, Account No.
063-872-071-Y, at 23.625 per share 5,693.62
IS. 1,320 shares, 13.50 preferred, FARLEY/
NORTHWEST INDUSTRIES, INC. at 24.25
per share 32,010.00
Ll3[f: jl 2 P!.~f :1.90
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16. 96 shares, 13.50 preferred, FARLEY /
NORTHWEST INDUSTRIES, INC. at 24.25
per share 2,328.00
17. 660 shares, LONE STAR TECIINOI,OGIES
at 7.375 per share 4 ,867 .50
TOTAL DISTRIBUTION TO URlE D. I,UTZ TRUST
FOR BENEFIT OF DAVID WILLIAM LUTZ
$ 277,477.15
3. TO: URIE D. LUTZ TRUST for benefit of
Virginia H. Lutz, per ITEM IX(d)(2)(iii)
of the Last WiII and Testament
A. CASH $ 51,925.29
B. IN KIND: Securities as listed hereinafter:
1. 73 shares, common, AMERITECH,
at 131.00 per share 9,563.00
2. 371 shares, common, AMERICAN
TELEPHONE AND TELEGRAPH
COMPANY at 23.625 per share 8,764.87
3. 146 shares, common, BELL ATLANTIC
CORPORATION at 66.50 per share 9,709.00
4. 219 shares, common, BELL SOUTH
CORPORATION at 56.75 per share 12,428.25
5. 935 shares, common, CARLISLE
COMPANIES, INC. at 29.75 per share 27,816.25
6. 453 shares, common, DEERE AND
COMPANY at 24.375 per share 11 ,04 1.87
7. 146 shares, common, NYNEX
CORPORATION at 62.375 per share 9,106.75
8. 146 shares, common, PACIFIC TELESIS
CORPORA TION at 51.625 per share 7,537.25
9. 550 shares, common, ROCKWELL
INTERNATIONAL CORPORATION at
37.75 per share 20,762.50
10. 74 shares, $4.75 Convertible Preferred,
Series A, ROCKWELL INTERNATIONAL
CORPORATION at 388.00 per share 28,712.00
11. 73 shares, common, SOUTHWESTERN BELL
CORPORATION at 105.75 per share 7,719.75
12. 348 shares, common, UNION PACIFIC
CORPORATION at 56.50 per share 19,662.00
13. 146 shares, common, U S WEST INC.
at 53.625 per share 7,829.25
14. 241 shares, AMERICAN TELEPHONE AND
TELEGRAPH COMPANY, Dividend
Reinvestment Plan, Account No.
063-872-071-Y, at 23.625 per share 5,693.62
15. 1,320 shares, 13.50 preferred, FARLEY /
NORTHWEST INDUSTRIES, INC. at 24.25
per share 32,010.00
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16. 96 shares, 13.50 prcfcrred, FARI,EY/
NORTHWEST INDUSTRIES, INC. at 24.25
pcr sharc 2,328.00
17. 660 sharcs, LONE STAR TECHNOLOGIES
at 7.375 per sharc 4,867.50
TOTAL D1STRIDUTION TO URIE D. LUTZ TRUST
FOR BENEFIT OF VIRGINIA H. LUTZ
4. TO: PROGRESS FOUNDATION pcr ITEM IX(d)(2)(iv)
of the Last Will and Testamcnt
$ 277,477.15
A. CASH $ 37,995.41
B. IN IUND: Securities as Iistcd hercinafter:
1. 52 shares, common, AMERITECH,
at 131.00 per share 6,812.00
2. 271 shares, common, AMERICAN
TELEPHONE AND TELEGRAPH
COMPANY at 23.625 per share 6,402.38
3. 106 sharcs, common, BELL ATLANTIC
CORPORATION at 66.50 per share 7,049.00
4. 160 shares, common, BELL SOUTH
CORPORATION at 56.75 per share 9,080.00
5. 680 shares, common, CARLISLE
COMPANIES, INC. at 29.75 pcr share 20,230.00
6. 330 shares, common, DEERE AND
COMPANY at 24.375 per share 8,043.75
7. 106 sharcs, common, NYNEX
CORPORATION at 62.375 per share 6,611.75
8. 106 shares, common, PACIFIC TELESIS
CORPORATION at 51.625 per share 5,472.25
9. 400 shares, common, ROCKWELL
INTERNATIONAL CORPORATION at
37.75 per share 15,100.00
10. 53 shares, $4.75 Convertible Preferred,
Series A, ROCKWELL INTERNATIONAL
CORPORATION at 388.00 per share 20,564.00
11. 54 shares, common, SOUTHWESTERN BELL
CORPORATION at 105.75 per share 5,710.50
12. 255 shares, common, UNION PACIFIC
CORPORATION at 56.50 per share 14,407.50
13. 106 shares, common, US WEST INC.
at 53.625 per share 5,684.25
14. 175 shares, AMERICAN TELEPHONE AND
TELEGRAPH COMPANY, Dividend
Reinvestment Plan, Account No.
063-872-071-Y, at 23.625 per share 4,134.38
15. 960 sharcs, 13.50 preferred, FARLEY /
NORTHWEST INDUSTRIES, INC. at 24.25
pcr share 23,280.00
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16. 70 shares, 13.50 preferred, FARI,EY/
NORTHWEST INDUSTRIES, INC. at 24.25
per share 1,697.50
17. 480 shares, LONE STAR TECHNOLOGIES
at 7.375 per share 3,540.00
TOTAL DISTRIBUTION TO PROGRESS FOUNDATION
TOTAL DISTRIBUTION
$ 201,814.67
$1,009,072.76
WHEREFORE, the said DAVID E. LUTZ, Executor as aforesaid, respectfully
proposes to distribute the net balance of said Estate as stated above.
Cf:JroAniJ g ~
David E. Lut
COMMONWEALTH OF PENNSYLVANIA )
: SS.
COUNTY OF CUMBERLAND )
DA VID E. LUTZ, being duly sworn according to law, deposes and says that he is
the Executor of the Last Will and Testament of Urie D. Lutz, Deceased; that the facts
set forth in the foregoing Statement of Proposed Distribution are true and correct to
the best of his knowledge, information and belief.
Cid~A~~~
David E. Lut
: .......
Sworn to and subscribed before me
,.."this ,-/1-_" day of Oel-" he. ,1986
'\. L. 12." .
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':'Nl?tllrS' P'Ublic r
.:0, "':':=\': WILlIMH, EARP,NOTARVPUBlIC
'" ~ :.., , CARLISLE BORa, CUMBERLAND COUNTY
'<'/." . \'\~,~";Jl MY COMIoIIS510N EXPIRES SEPT. 26, ma
: ' '. S , ... ','. ....:-:.:. Member. Pennsylvanll Association of Hotifrics
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1, Uft)E D. L\1J'Z, of CZlrlil.1c, cumberland County, Pt'nn!Oyl-
venie, do I1IZl'lr.e, publish end dc-clue this to l:c my Last Will and
Testament, hereby revo'king ell wil16 and Codici16 by me at any
time made.
.!F~:
) cHu.ct that all inherit&nce and
~estete taxes bc:caning due by rear-on of my death, whether such
t.axeS may be payable by my estate or by any recipient of Zlny
properly, shol 1 be poid by my Execulor out of the properly possing
under ITD1 IX of this Will, as an expcnse and cost of adminislra-
tion of my estate. J.~y Executor shall have no duty or obligation
to obtain rcirlburf.Cmcnt for an)' ~uch tax so paid, even though on
proceeds of insurance or other propHty not possing under this
Wi 11. In the absol ute oiscretion of my E:>:.ecutor, such ta>ces may
be paid immediately or may be fOstponeod on future or remainder
interests until the tiJTle possession thereof accrues to the bene-
ficiaries.
]Tr..~ ] I:
I di reet my Ext'culor to pa}' the
expenses of my last i1 Jness and tunc-ral e>:pcnses frctTl the property
possing under lhis >:ill as an ""pen.e and cost of administration
of my estate.
] 'ir:'~ ]] I:
]f I pJ<....c"ccase It,y '.:ife, MELtt: B.
1.tn'Z, I 9 i vc and Lo:-qu ('~th to ~Gid wi fc absolut cl y and in fee
sir..plc, all of nl)' llous(;hold furniture and furnisldngs, bool;s,
piClureS, jc".lry, silver"are, oulo"ohiles, "caring apparel and
Page 1 of )S
..
".)' 1".'1', "dl1:'rc....u',. hi tllC" !.n.rotitJon of no ,..dr.,.l l'..,.tc. 'ax,,'
It, ""'\l~'l t-:f\'J "'Hill.r.f.f;, for ttlC" 'o])0....ln9 uu" end f'J'l'OH';
Ie) "The- T,ulotf"[, r.hel1 hev., hol~, ",.nag., Jnvl""
and rdnvl'''\ lhf' '6rt,(>, col1rcl tht' incant', .n~, bt-gin-
niog at no)' ch'eth, pill' o\'rl Olf' Of't Jncc:rnr 1n quarterly
instal1fti'_'nlG to my "dre, HELEN 8. L\7ft, during her
lifelilneo. The Trus,t('(' r.hell 8150, from limp to time,
pay to my "d fe I>uch "nlount!> of pr indpal of thi, Trust
liS thr Trcf.tce dr'ems rlf>'CCSf.4l)' for the pro~rT f;ul'FOTl,
rna intenanc-c and m[.dice) care of m)' wi fe.
(b) Upon the deilt.h of my ","i fe, during the con-
t ioued exi slence of llli s Trust, my Trustee Eihall convey
and pay DVf"r ell of the H5i,aining essel!>, whether
corpus or incCJ'TIf', to or for the benefit of 6uch person
or I-,r;:>r!oons or corporation or corporations, or the
estate of said \l'ife, in s-...ch e:.-,ounts !)r proportions,
.t\nd in such ]a",,'fu] interests or estates, \oIhet.her
ab50l ut.el~' or intrust, as Jr,)' \d fe Jf,ay have directed,
eithE'I b}' in5t.rur.,ent filed ""ith the Trustee during her
lifetime e)~ercidng this Po....er of AppointJnent, or by
her L~st \.:i]] and Testament. This Power of Appoint..ment
shall be E>O:(:Tci~Able by my ","ire lIlone and in all e\'ents.
I r the a~:;.\.'c Po..'e-r of 1.ppoinlJT,ent is for any reAson not
val idly c>o:cl-ci sed by In)' ...-i fe in ,,"'hole or in part during
her )j fet in.e or in her Last Wi II and Testa.'tlent, then
upon ),c:r death such portion or all of the principal of
this 'Ire!:\. or slJch inl(:rest~ arId estates UH.'udn as
5l-.a1l flot },r.....c h:'('n val iel)' i:p;ointC'd b)' her shall be
aced to O,e c!f-c'\.s govcTm-d b}' 17m )X of this '-"i]l.
Pi>ge 3 of ]5
..
"'1 I>C'CU\OJ OJ TruJ,i,.C", entl to CC,fI(.ur.n..tc- ..id ...le OJ
..1.., b)' suflich'nl dc'e-O. Dr o\l.c', in..t.ru""c.nt.. \0 th~
purche,eJ OJ purehlr.t'J., C'onvl')'irlg . fcor a.iJr.fllf' titl.,
ff.. .nl! c1rll of .11 tlu.l end ~it''''out obligation or
liability of lhr pJtCha5l'r or PHCl-t8LC'J' to It-t' to the-
application of the pucha&c mont"Y or to mal.e inquiry
into the v.licHl)' of 6.i~ ..ale or La]esi .110, to rr.ake,
~)ljecut.e, ecknowledge and Cleo) 1"'(>1 any and .1] dee,h,
IIssignmenlli, options or other "''1' i t in9(. which milY be
neC'e~saT)' or de~irab]e in carrying out any of the
power6 conferr~ upon my E~ecutor or Trustee in this
paragnlph or elst'....hcre in my Will.
(e) To mortgage real estate, and to make leesE-s
of real estate.
(f) 'Xo borrer.; money (ren. any party, including t.he
Executor or Trustee, to pay ind~btecncss of ~ine or of
my estate, ey.p~nses of administration or inheritance,
legacy, estate and other taxes, and to assign and
pledge assets of my estate therefor.
(g) To pay all costs, taxes, e):penses and charges
in connection ".1 th the aeministration of my estate or a
Trust.
(h) To vole an)" shares of stock which forn: a part
of the estate or Trust, and to othe~'ise exercise all
U",C fO....ers incident to the c.:n(-rsl,ip of such foloc)'..
IiI In the di.cretion of "y D:ecutor or HurtE'C,
to unite ...d.th olher o...nc."rs of siJdlar property in
Page 12 of 15
--
_..._._~
C.lr)')rlg out a'l)' planf. ftll the rl'tJJ91lnS'Iltitm of any
('ortlOlation Of t"U"'J'"ny ","IOI,C. M,cUJHh'L forn I pIIrt of
lhr ""a'e.
Ijl 10 ~o ell other eot. In thdr ju~g....nt
15f'c:fll"O nl'Cl'!>f,ery or Clrf,i Jeblc for lh~ Plopt.r anl5
aOvan'agt<ouli rnenagcmpnl, Snvf"~t.nlcnl and cH5tribution
of the ~(.tal. or Trur.t6.
~.2!l: ).ny p<-rson, other than In)' to'j fe,
who shall have di(od at the san.Co timP as ) shall have, or in a
caMnon l5is"ster wit.h me, or under 6uch CiJcunlst.anCe& that it. 5,6
difficult. or ilnpossible t.o dclcnr,ine ....ho died first, &hall be
deened t.o have predecel5st>d Tne'. )f my \td fe and 1 die et the Game
t.iJne, or in a cOTItnon di saster, or under such circumstances that it
ir> difficult or impossible t.o delenr,ine who died first, my wife
shall be dr-c.'T,ed t.o have survived me. l.ny person (oUler than
m::,'self) ,,:tIO shell have died at the sarr,e liJTIe as any then recipient
of inc(J'T,e or in a c~",on disaster ....it.h such beneficiary, or under
such circumstances t.hat it. is difficult. or impossible to detenrdne
\t:ho died first., shall be dcc:T;ed to ha....e pr(>decC'ased sue" bene-
ficiary .
)T&~ Y.)l1: 1 n~.inat.e, const.it.ute and appoint
Tr,y ....i fe, HELf:I: B. LUTZ, and Tr')< son, D~.\') D E. LU'iZ, to})(> Tr,y execu-
tors, herein colleclively referred to as -Executor-. "'-y Executor
and 'I'Jllslec shall not be rE-quired t.o pOst. any bond OJ bonds.
,.
~l\': t-:)' ~i';id ....i fe and sor., or either of
thc.':l, r..ay, at any tin,c, ",,'1.ilc tlcting oS 'IJ\.l!;.tccs or Ext'cutors
Page 13 of 15
ltEY.l5<<1 ElC<t'112.881
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COMMONWEALTH Of PENNSYLVANIA
DEPARTMENT Of REVENUE
DEPT, 280601
HARRISBURG, PA 17128.Q6()1
DECEDENT'S NAME (LAST, fiRST, AND MIDDlE INITlAll
I "U "'.0.
21
COUNTY CODE
DECEDEN1'S COMPlE ADDM
217 North Hanover Street
Carlisle, PA 17013
NUMBER
INHERITANCE TAX RETURN
RESIDENT DECEDENT
(TO BE FILED IN DUPLICATE
WITH REGISTER OF WILLS)
80
582
YEAR
LUTZ, Ude D.
SOCIAL SECURITY NUMBER
D~l~~;~A~H~:-lD:~~ ~'~'~9 3
o 2, Supplemental Return
Coun1t
Cumberland
[~ 3. Remainder Return
(for do'e. 01 deo,h prior to 12.13.92)
o 5, Federal Estate Tal(
Return Required
_8. Total Number of Sofe DeposilBoxes
174-05-3841
o 1. Original Relurn
o 4. limiled Estate
o 40. Future Interest Compromise
(lor do'e. 01 deo,h oller 12.12.92)
a9 6. Decedent Died Testate 0 7. Decodent Main,ained 0 living Trust
(Attach copy 01 Wal) (Attach copy of Tru.t)
ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
NAME COMPLEte MAILING ADDRESS
William F. Martson, Esquire MARTSON, DEARDORFF, WILLIAMS
Ten East High Street
Carlisle, PA 17013
& OTTO
TElEPHONE NUMBER
243-3341
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1. Reol Esto'e (Schedule A) ( 1)
2. Stock. and 90nd. (Schedule 9) 1 2)
3. Clo.ely Held Stock/Partnership In'ere.t (Schedule C) (3)
4. Mortgage. and No'e. Receivable (Schedule D) ( 4)
5. Cash, Bank Deposits & Miscellaneous Personal Property( 51 "
(Schedule E)
6. Join,ly Owned Property (Schedule F) ( 6)
7. Tron.fers (Schedule G) (Schedule l) ( 7)
8. T 0101 Gross Assets (Iotol lines 1-7)
9. Funeral El(penses, Administrative Costs, Miscellaneous ( 9)
Expen.e. (Schedule H)
10. Deb.., Morlgage liobilitie., lien. (Schedule I) (10)
11. Tolol Deductions (total lines 9 & 10)
12. Net Value of Eslole (line 8 minus line 11)
13. Chariloble and Governmental Bequests (Schedule J)
14. Nel Value Subject 10 Tax (line 12 minus line 13)
15. Amount of line 14 taxable at 6% role 115)
(Include values from Schedule K or Schedule M,)
16. Amount of line 14 taxable at 15% role 116)
(Include values from Schedule K or Schedule M.)
17, Principal tax due (Add tax from line 15 and from line 16.)
18. Credits Prior Payments Discount
Interest
903,175.30
( 9)
903,175.30
o
(11)
(12) _903,ll'i-3CL
(13) 180,635.06
(14) 722,540.24
x .06 = _
O___x .15 =
___0
43,352.41
z
o
S
::>
...
~
o
u
X
<
>-
(17)
+ ___._ (IS)
19. If line 18 is grealer than line 17, enler the difference on line 19. This is the OVERPAYMENT. (19)
aD.II~"t1'H,.I"'J'I,.,u'."I.i1r'J-tllll~....,Inr.r.~....I.III..~..'U:.l:.i.J,,"1111ll
_._.43L3,5.2-'..4J.
(20)
120A)
1208)
20. If line 17 is greoler than line 18, enter the difference on line 20, This is the TAX DUE.
A. Enter the interesl on the bolonce due on line 20A,
B. Enter the 10101 of line 20 and 20A on line 208. This is the BALANCE DUE.
Make Check Payable to: Register of Wills, Agenl
-~-----~--_.~
.. ...BE SURE TO ANSWER ALL QUESTIONS ON REVERSE SIDE AND TO RECHECK MATH".
Under penalties of periury. I declare that I have examined this rei urn, including accompanying schedules and slalements, and 10 the best of my knowledge ond belie[
it is true, correct and complete. I declare that all real estate has been reporled allrue market value, Declaration of pre parer ather than lhe personal representative is
based on all information of which prp.parer has any knowledge.
SIGNATUR t:RS SPONSIBlE FOR Fill G RETURN ADDRESS DATE
3605 Rum Row J
NaplesJ Fr. 339..4.0 12 3/9/
ADDRESS MARTSON, DEARDORFF, WILLIAMS & 0l'T0 DATE )
Ten_EastJliglLStt'.eet I,;? 13 /7/
Carlisle, PA 17013
SIGNAT
. ~[y.I$OJ EX+ (Ul)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
SCHEDULE "B"
STOCKS AND BONDS
FILE NUMBER
21-80-582
LUTZ, Urie D.
CAll property iOlntly-ownld with Right of Survivorship mUlt be dllCloled on Schedule "F".
ITEM VALUE AT DATE
NUMBER OESeR IPTION OF DEATH
1. Two hundred sixty-six (266) shares, common, AMERICAN
INFORMATION TECHNOLOGIES CORPORATION (NYSE) CUSIP No.
026804-10-4
02/28/86 H - 112.875 _ 111.5625
L - 110.250
03/03/86 H - 113.000
L - 112.125
- 112.0625
29,808.63
- 112.5625
2.
One thousand three hundred fifty-one (1,351) shares,
AMERICAN TELEPHONE AND TELEGRAPH COMPANY (NYSE),
CUSIP No. 030177-10-9
02/28/86 H - 22.750
L - 22.250
common,
- 22.500
- 22.53125
30,439.72
03/03/86 H - 22.750
L - 22.375
- 22.5625
3. Eight hundred seventy-seven (877) shares, common, AMERICAN
TELEPHONE AND TELEGRAPH COMPANY, dividend reinvestment plan
(NYSE), Account No. 063-872-071-Y
02/28/86 H - 22.750 _ 22 500
L - 22.250 .
- 22.53125
19,759.91
03/03/86 H - 22.750
L - 22.375
- 22.5625
4. Five hundred thirty-two (532) shares, common, BELL ATLANTIC
CORPORATION (NYSE) CUSIP No. 077853-10-09
02/28/86 H - 115.750 _ 114 125
L - 112.500 .
- 114.4375
60,880.75
03/03/86 H - 115.500
L - 114.000
- 114.750
5. Seven hundred ninety-eight (798) shares, common, BELL SOUTH
CORPORATION (NYSE) CUSIP No. 079860-10-2
02/28/86 H - 52.500 _ 52 0625
L - 51.625 .
- 52.0625
41,545.88
03/03/86 H - 52.625
L - 51.500
- 52.0625
6.
hree thousand four hundred (3,400) shares, common, CARLISLE
MPANIES, INC., CUSIP No. 136440-30-2 at 37.34375 per share
126,968.75
CONTINUED ON PAGE 2
TOTAL (Also enter on line 2, Recapitulation) $
(If more Ipace II needed Inlert additional Iheet. of laml .Ize)
. ~[V.I503 fX+ (9.11)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
PAGE: 2
SCHEDULE "B"
STOCKS AND BONDS
ESTATE OF
(All propeMy lolntlv~wned with Right of Survlvorlhlp must bu dl,cloled on Schodule "F")
LUTZ, Ude D.
FILE NUMBER
21-80-582
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
17. One thousand six hundred forty-eight (1,648) shares, common,
DEERE AND COMPANY (NYSE) CUSIP No. 244199-10-5
02/28/86 H - 31.500 _ 30 750
L - 30.000 .
- 30.40625
50,109.50
03/03/86 H - 30.375
L - 29.750
- 30.0625
8. Five hundred thirty-two (532) shares, common, NYNEX CORP.
CUSIP No. 670768-10-0
02/28/86 H - 110.000 _ 109.375
L - 108.750
9.
- 109.25
58,121.00
03/03/86 H - 109.750
L - 108.500
- 109.125
Five hundred thirty-two (532) shares, common,
CORPORATION (NYSE)
02/28/86 H - 89.250
L - 87.500
PACIFIC TELESIS
- 88.375
- 87.9375
46,782.75
03/03/86 H - 88.250
L - 86.750
- 87.500
10. Two thousand (2,000) shares, ROCKWELL INTERNATIONAL
CORPORATION (NYSE), CUSIP No. 774347-10-8
02/28/86 H - 40.000 _ 39 500
L - 39.000 .
11.
12.
- 39.3125
78,625.00
03/03/86 H - 40.000
L - 38.250
- 39.125
Two hundred sixty-seven (267) shares, $4.75 Convertible
Preferred Sedes A, ROCKWELL INTERNATIONAL CORPORATION
(NYSE)
02/28/86 H - 390.00
L - 390.00
- 390.00
- 390.00
104,130.00
03/03/86 H - 390.00
L - 390.00
- 390.00
Two hundred sixty-six (266)
BELL CORPORATION (NYSE)
02/28/86 H - 88.250
L - 84.250
shares, common, SOUTHWEST~N
- 86.250
- 87.3125
23,225.13
03/03/86 H - 88.750
L - 88.000
- 88.375
TOTAL (Also enter on line 2, Recapitulation)
$
CONTINUED ON PAGE 3
(If more space Is neoded Insert addltlonlll lheets of same llzal
\ "
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.... '. ..
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-
,.-
,
U. S. TREASURY DEPARTMEN,
INTERNAL REVENUE SERVICE
WASHINGTON 25. D. C.
~
,fY'. ~
IN ftD'L"I' ft""" TO
FEB 18 19~ T:R:EO: 3-GlH
PURPO$f;
Charitabl.e
.
Daupwa Deposit. TraJJt CCllllplUQ"
eI; aJ.. ~ Tru.steell
'!be Progresa l"oundatloa
2 W85t High street.
Carll.1l1e~ Psms;rlvauia
ADDRESS INQUIRIES AHD ..aLE. RIio
TURNS WITH DISTRICT DI"ECTOR 0,.
IHTE~AL. Rt:YEHUE
PbllacleJ.pd.a~ Pe;mlll71van:
rORt4 ,,0." RE- ACCOUH TINO
QUIRI!.O PERIOD ENDINO
Gtmtlemllll :
~YES DNa December.31
,
Based upon the evidence submitted, It Is held that the above-named trust Is exemptlrom Federal
Inoome tax as an organ1zaUon desc:rlbed In section 5ll1lcll31 of the Inlernal Revenue Code, since
It Is shown thai the trust Is ol9an1z~ and operatlRl exclusively lor the pUlpose shown above. Any
questlons concerning excise, employment or othfi'r Federal taxes should be submlUed to the Dis-
trict Director. .
You or", not required to !lie Fede.allncame tax returns on behalf 01 the trust so long as It retalns
, an exempt status, unless It Is subJect to the tax on unrelated business Inoome Imposed by section
511 01 the Code. In this event you are required to liIe Fonn 99J.T on behall of the trust lor the
purpose 01 reparUng unreloted business taxable Income. Any manges In the character, purposes
or method of operation of the trust should be reported Immediately to the District Director lor con-
sideration 01 their effect upon Its exempt status. Also, pleose report any change In the name or
address 01 the trust. The liabUlly lor filing the annuallnlonnatJon retum, Fonn 99J-A, for the
trust Is shown above. Thai return, if required, r,lust be liIed olter the close ,,",he wst's annual
accounting period Indic:aled above.
Contributions made to the trust ore deductible by rlonors as provided In secllon 170 01 the Code.
Bequests, legades, devises, transfers or gifts to or for the use of the trust are deducUble for
,Federal estate and Q1ft tax purposes under the provisions of secUons 2055, 2106 and 2522 01 the
Code.
The trust Is not liable for the taxes Imposed under the Federallnsuranc:e C'.ontributlons Act (sodal
security taxes) unless a waiver ot exemption certif1cate Is liIed a. provided In such aSt: The '
trust Is not liable for the tax Imposed under the Federal Unemployment Tax Act. Inqultles about
the wolver 01 exemption certificate lor sodal security taxes should be addressed to the\Dlstrlct
Director. . ,
"
The District Director Is being advised of this action.
Very truly yours, '
"If /l,ft~
A ~ t
r:ting Chlel, Exempt Organizations Branch
FORM M-397S 0..21 .
EXHIBIT "B"
- . ... .~. . .-..----- --
fDit!.\l I\~ll1 itll11 ffil'Blit111l'111
PI
!!!!.!U'.:~
1, URJE D. LUTZ, of Carlisle, Cumberland County, Pennsyl-
vania, CJo rnalr.e, publish bnd d(>c1.~re this to be my Last Will and
Testament, hereby revo}.ing all \-Ii) ls and Codicil s by me at any
t.ime made.
ITD1 I;
] ai reel that all inheritance and
\eSl8t.e taxes bccaning cuc by reason of my death, whether such
taxes may be payable by my estele or by any recipient of any
propert.y, shall be paid by my Executor out of the property passing
under ITm IX of t.hi s Wi 11, as an expense and cost of administra-
tion of my estat.e. "~y D:ecutor shall have no duty or obliglltion
to obtain rei..mburscment fol." any slJch tax 50 paid I even though on
proceeds of insurance cr other properly not passing under t.his
Will. In the absolute discretion of my Dcecutor, such taxes may
be paid immediately or may be postponed on future or remainder
interests until t.he ti..rr,e fOsscssion thereof accrues t.o the bene-
ficiaries.
]Tr..~ )]:
I di reel my Executor to pa}' the
expenses of my last illness and funeral expenses {rern the property
passing under this Will as an expense and cost of administration
of my estate.
]'TI:''''. ] J]:
]f I pf(..cC:'cca~e r"y ",.j ff>, HELEN B.
1.lJ'l'Z, ] give ~nd b:c:uC'r.lh to ~,cid \od fc absolutely and in fee
siJr.plc, all of my llCJu5c:hold furniture and furniddngs, ooo};s,
pictures, jcwclr}', silvcn..arc, aulo;:,obilcs, "..caring apparel and
PagE' 1 of 15
~. .'-' -.....
..'
, ~-.'
all 011". a.II<)(" 0' l",'>I.d".ld 01 "..onol Uf.' o. a~",n,,"n1 and
.11 Jto1Scir. of in\.~lJ"f1C"l' tltlf('C>fl. It] 150 n[lt J,ff.15I,C'('6H ft.)'
wift, Ime\" f.eid Lt'Qur.t to rn)' .[In, OJ-V)t> t. 1.Ur%..
11~ IV: ]f 1 pll<lrCf>8LC fl.)' ~ifr, HtLt~ B.
J.,UTZ, 1 91v[" and l.'I('quC'ath \"1(' fun of Ot:[ 'THOUS1>J\D ($1,000.00)
DOLL'P.S to my nit'ec, Hl:1..[N CJ..Rt.., if Lh[" E>urvivr5 ",c.
11'D-~ V: Jf J pr~('c('esc fTl)' ..:ift', HtLt1: B.
LUT2., ] give end bcoqU(:bth \ll(> !'oJ". of Ol:t THOU~JJ:D ($l,O(lO~OO)
OOL1J.,~.s lo m)' niece, ,",~TAA C1o.RL f("TCL1rr, if she survives ft\C.
11'0-: VI: 11 ] prf>df>ccesc my \IoIife, HELt~ B.
LITH. 1 give ~nd boqu(..th the S",. 01 FlrTY THOUSAND ($50,000.00)
DOLLARS lo InY niecc, .JEht: '~"TTS ZH~,.:r:R."':hN, if shc survives me.
]1'[,". V)): ]:f 1 prc.odeccasc fTI)' ....ife, HtU:~ B.
1.012., 1 give and bc.'qucath tllt' sun. of ONE THOUS,tJ:O ($1,000.00)
DOLU'lRS t.o the UJ:)1EO CHlIRCH Of CHRIST, carlisle, rennsy1vanie.
) TEP.. VI 11: ) f I pJ(.dE'cease IT'Y ....i fe, HELtt: B.
Lt1I'Z, J give, dc\'ise and l:,(.qutat.h unto my ....ife, HELEN B. LUTZ, and
my son, D1\V10 E. LtrIZ, as Tru~tees (hcIein~fler co11c4clive1y re-
ferre-d t.o as ooTlusteeOO), an a"l'cunt, frC'c: of all la>;cS, equal lo
the JT.a,.:irr.u,':'. !".aritel c(:'cucticn all0\0..'ablc to ;..y estate for {E'der~l
estate lax purposes, rc.-duced by t.he il99f{-gale ...at ital decuclion
ello....ablc for {('dcral est.ate laY. purpOS('s {or olher properly or
int.c:re5ts that. pass or s.'hal] t,ave passC'd to my !.f'ousc ot't",C'roo-ise
t'har, under O,i!. eli:ur.c .::r.d It.et C;.:~lif)' for ttlC said r.,~rita1
d(~uct.ion: ""d hnt.t,cI JI.:::U(c-= 1:)' en n~.c..unt, if an)', fjcoc.;:(od to
incre'~r.C' ro.}" ta>'l:L1C' c::tn\(' to the 1argcst a::.ount. tltal, cft.e'r
al10~dn9 for lhe u,.ifi(>~ crcCit dnd art)' other cu-dilS a\'ailable to
Page 2 of 1~
~._-
leI (lnl)' 1""I'Cll)' ~\olcll Is full)' .,i9;h,. for 110.
II.ar itl'll ~I'c.!UC'\ ior. urll~h'J \llr "'~('J.l rr.ta\{' t6'" )aW'
.hell br e..19n.~ to thi. T,U.t. Nohdll,'len~in9
an),tldng to the contrary containta in this \:ilJ, the
'hus.tec 01 thir. 1rufl ..hall not 1I't.ain ~.)'onO a Jra-
Lonahll' timr Any prop(,Jty wldch It.ay at. an)' tiJ'ne 'be' or
hcoc(Jtlt' unpJo~ut'tiv", nor ~h"ll tht'y invc~t. in unpro-
~uC'ti'\'e pJopC'rt.y. ~S6('t6 which 00 not qualify for the
marital ckduC'tion Ghall not be p1acl"a in this TJ\~f.t.
'1'0 lht' (:.)(t t'nt el!>o thel other as~r'l> quel i fyi ng for tht'
It,a r i t 81 d(.duct i on Arc 8\'8 i1able, thi to bPC2urst 6hall not
be satisfi(.d b)' lht. Clir.tribution of: (a) a~s('ts \I.'ith
rcs~cl to "..hich a. cledit for foreign t.a>:ef. paid is
al10.....able und('r t.he Jnt.ernel RevenuE' Code; (b) lIsset.s
",'hich ",,!y be subject. t.o both incCJ1le and est ale taxes
And ....hich may be el igible for a CJEc>dit or deduction; or
(c) United s\.alC's Treasury bonds eligiblc for rc.,3c::"p-
tion at. par in payment. of federal estate ta>;es.
(d) ]f m)' ,.dfe should not. sUn'ive me, then t.he
pJo\'idons of this Itc:n shall be ....oid, and the part of
rr.}' est.ate ",'hich would have constituted the for€:'9oing
'trust shall bccane part of my residuary c!>lat.e di !:posed
of in )'TU~ IX of this my Litst Will llnd 'Te~taTf,ent.
)'T~ IX; I give, dt'vise and b;oqucat.h all
the> rt'!'>t, rC'dduc and re.-;,l:inder of rr,)' estatl", not di!p:>sed of in
th(> pTt'c(.-ding pJrtions of this lHI), to r:;j' ...'ife, RE'Ltl; B. LUTZ,
cT".d to r.'j' :.on, D]..\']O E. LU12, id.", 7n.l~\.H'S (l,t:a,in cCt11ect i\'cly
Jc..!<.-ru..5 to l.!:. "'Ill:!.tl:C"), 111 7i'l'ST I;E\'U.':HI:L[~5, fc.J 01(> 1'0110..'-
in; \.lH'S ~nd p.JTpO~.('!>:
pi:lge C of 15
..'
.
~('c"UU' 01 t.hf. nOON,S ,,\(",.((" of ...id DI9bniz....
\ion a' the ,iIM,' \tIll \ l.ai~ bt'CJutf,l St. Sfl\rnOrcS
by this. ",ill to V('ft, OJ brcaulol" or any ot.'h~r
Jl'b,"on, l'hrn this. lcgllCY &hall be .~15l.15 Ind
glven to the logocy of PIC~I~SON COLLEGE,
above pro\'i~,.d, t'hrrwy, if I !Ouch eYl.ntuality,
increasing t.he proportion given to D1Cl(]NSON
COLLEGE to twenty-f ive 12 ~\ I prrcrn\.
7. f"ive I~\) p"cent to CARLISLE HOSP17I>L
of ClIrlislc, pcnn!>)'lvlInia, t.o be used for the
pJrposes for ~hich it. ...-as incorporat.ed.
8. Five (5t) percent to SYR~cuSt UNIVERSITY,
s}'racuse, t;e..... York, to be used for t.he purposes
for .....hich it. was inC'o~orated.
17EX )t,
No pa rt or the incC1lle or pr inci-
pal of the property l1eld under tl1ese Trusts shall be subject to
attachment, levy or seizure by any creditor, spouse, assignee or
trustee or recdver in b.nl:ruptcy of any b<>neficiary prior to his
or her actual receipt thereof. The Trustee shall pay over the net
inccrne and the princip.l to the parties herein designated, as
their intHests ""y appear, ~'ilhout reg.rd to ony alle:npted
anticip.tion, pledgi ng or as>igr.n,ent b)' .ny beneficiary u'nder a
Trust, and ~-ithout resard to any cl.iJTl thereto or atte:npted lev)",
lIltachn,ent, sei7ure or other proce~5 against said b(.nr::ficiary-
J7fY. Xl:
In 01(- set tl crr,t>nt of r..)' e5t~tc and
euring thE continuance of O.e: fOH-soing 'Trc!ts, rr,y D(;Cutor and rr,y
'I'Tustec !it.all pO~f.e~5, among otllC'fs, tile follm.:ing p:......C'fS:
Pbgt' 10 of 15
'92 MJ. - 3 f'
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- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
PLEASE RETURN THIS PORTION WITH YOUR PAYMENT TO
THE REGISTER OF "ILLS LISTEO BELOW
ESTATE Of
LUTZ URIE 0
FILE No/SSN 21 80-0582
COUNT~ CUMBERLAND
DATE OF ASSESSMENT 03-09-92
ACN 102
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
,
I.
'9' 1'11 "7 p 1
L . ll. L '
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REV-1547 EX AFP (1"91) *'
CO~NVEAL'H DF PENNSYLVANia
DEPARTMENT OF PEVENUE
IUAEAU OF INDIVIDUAL l'.ES
DEPT. :a0601
HARAISBURG, Pl 17128'0601
ACN 102
NOTICE OF INHERITANCE TAX
APPRAISENENT. ALLOWANCE OR DISALLOWANCE
OF DEDUCTIONS, AND ASSESSHENT OF TAX
DATE 03-16"92
FILE NO.
08-21-80 COUNTY CUMBERLAND
NOTE, TO INSURE PROPER CREDIT TO YOUR ACCOUNT, SUBNIT THE UPPER PORTION OF THIS FDRN WITH YOUR TAX
PAYNENT TO THE REGISTER OF WILLS. NAKE CHECK PAYABLE TO "REGISTER DF WILLS, AGENT"
REMIT PAYMENT TO:
WILLIAM F MARTSON ESQ
MARTSON ETAL
TEN EAST HIGH ST
CARLISLE PA 17013
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
Amount R..ltt.d
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS .....
iiEv:is'4TEx"AFP"n:'-ljiY"riori"cE-i:iF-lii'HERi"fANcE-rAx-iippRAi"sEHEri;:~--Ai:LiiIiANcE-oif"nm__m__""---
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF LUTZ URIE D FILE NO. 21 80-0582 ACN 102 DATE 03-16-92
If an assessment was issued previously, lines 14, IS and/or 16 and 17 will
reflect figures that include the total of ~ returns assessed to date.
ASSESSMENT OF TAX:
15. A.aunt of Line 14 taxable .t 6Y. rat.
16. Amount of Line 14 taxable .t 15% ~.t.
17. Principal Tax Due
TAX CREDITS:
PAYNENT
DATE
TAX RETURN WAS, (X I ACCEPTED AS FILED
RESERVATION CONCERNING FUTURE INTEREST " SEE REVERSE
APPRAISED VALUE OF RETURN BASED ON: REMAINDER RETURN
1. R..l Est.t. (Schadule Al
2. Stacks and Bonda (Schedule B)
3. Closely Hald stock/Partnership Interest (Schedule C)
4. Hartg.g../Not.. R.c~lv.bl. (Schadule D)
5. Cash/Sank Deposits/Hisc. Person.l Property (Schedule E)
6. Jointly Owned Proparty (Schedule F)
7. Tr.nsfers (Schedule G)
8. Tot.l Assets
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. Funer.l Expenses/Adninistr.tive Costs/
Hiscellaneous Expense. (Schedule H)
10. Debts/Hortgege Liabiliti.s/Liens (Schedule X)
11. Total Deductions
12. N.t V.1ue of rex R.turn
13. Ch.riteb1e/Governnent.1 aeqUests (Schedule J)
14. Net V.1ue of Est.te Subject to T.x
NOTE:
RECEIPT
NUNDER
DISCOUNT (tl
INTEREST (-I
INTEREST IS CHARGED FROM 06-03-86 TO 03-31-92
AT THE RATES APPLICABLE AS OUTLINED ON THE
REVERSE SIDE OF THIS FORM.*
I CHANGED
(11 .00
121 903.175.30
(31 .00
141 .00
151 .00
(61 .00
171 .00
(81 903,175.30
(91 .00
1101 .00
(111 .00
1121 903,175.30
1131 180,635.06
(141 722,540.24
1151
(161
722,540.24
.00
43,352.41
.00
43,352.41
X.06 =
X.lS =
1171
AHOUNT PAID
TOTAL TAX CREDIT
BALANCE OF TAX DUE
INTEREST
TOTAL DUE
.00
43,352.41
26,465.82
69,818.23
. IF PAID AFTER DATE INDICATED, SEE REVERSE
FOR CALCULATION OF ADDITIONAL INTEREST.
IF TOTAL DUE IS LESS THAN $1, NO PAYNENT IS REQUIRED.
IF TOTAL DUE IS REFLECTEO AS A "CREDIT" (CRI, YOU HAY BE DUE
A REFUND. SEE REVERSE SIDE OF THIS FORN FOR INSTRUCTIONS. I
\Ci ~.:-J
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::::.
Lv
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RESERVATION: Eltat.. of decadents dying on or bafor. necDaba,. 12, 1912 .. If any future inter..t In the ..tate I, transf.rred
In po.....lon or enjoy..nt to Cia.. 8 (collat.ral) ben.ficl.,!.' of the decadant .ft.r the Ixplratlon of any ~.t.t. for
I1f. or for y..r., ths Co..onw.alth hereby expr.ssly r...rv.. tne right to appraise and 81IS.' trans'.r Inheritance Tax..
at the lawful tl... 8 (colleterall rat. on any such future lnt.rolt.
PIJIll'OSE OF
NOTICE: To fulfill the requir..ants of slctlon 1740 of the Inherltancs and Estats Tax Act, Act 255 of 1982. 72 Pe. C.S.
Section 1740.
PAvttEHT:
Detach the top portion of this Notlel and subait with your p.~ant to the Raglster of Will. printed on the ravsr.. sid..
--Haka ChKk or soney order paYlIbh to: REGISTER OF MILLS, AGENT
All pay.-nts received shall fir.t be applied to any interest which ..y ba due with any re.aindar appliad to the ta~.
REFUND (tA): A rafund of a ta~ cradIt, which was not requasted on the Ta~ Raturn, .ay be requestad by co.platIng an "ApplIcation
for Rafund of Pannsylvania Inharitance and E.tata Ta~" (REV-1313). Application. ara avaiiabla at the Offica
of the Ragister of WiUs, any of the 24 Ravenu. District Offlc'" 01" by calling tha .pacial 24-hour
an.waring sarvica nuabers for for.. ord.ring: NEW in PENNSVLVAHIA 1-800-362-2050, outside P.nn,Ylvania and
within local Harri.burg ar.a (717) 787-8094.
OBJECTIONS: Any party In "Int.ra.t not satisfl.d with the appral....nt, allowanc. or disallowanc. of deduction., or a....~..nt
of ta~ (including di.count or Intere.t) as shown on this Notlca sust Objact within sl~ty (60) days of rec.ipt of
this Notica by:
--written protut to the PA Depart.ant of Revenua, Board of Applels, DEPT. 281021, Harrisburg, PA 17128-1021, OR
...Iaction to hava tha .attar datar.lnad at audit of the account of tha p.rlonal rapr...ntatlva, OR
.-appeaL to the Orphan.. Court.
ADHIN
ISTRATlVE
Ctw.RECTIONS:
Factual error. discoverad on this a....n.nt should b. addressad In writing to: PA Dapart.ant of Rev.nua,
Bureau of Individual Ta~e., ATTN: Po.t A..ell.ent Raview Unit, DEPT. 280601, HarrJ.burg, PA 17128-0601
Phone (717) 787-6505. Sae paga 3 of the bookl.t "Instructions for Inheritance Tp~ Return for a Re.id.nt
Decadant" (REY-150l) for an .~planation of a~inl.tratlv.ly corr.ctable errors.
DISCOUNT:
If any ta~ dug is paie' .,ithin thr.. (3) calendar .onth. aftar the d.c.dant., ",leath, a flva p.rcent (Sin discount of
tha ta~ paid I. allowad.
Intara.t is chargad baglnning .,ith first day of delinquancy, or nine (9) .onths and ona (1) day fro. the data of
death, to the data of pay..nt. Ta~e. which bec..a deLlnquant bafora January 1, 1982 baar interast at tha rat. of
,i~ (6~) percant par annu. calculatad at a dally rat. of .000164. All ta~as which beca.e dallnquent on and aft.r
January 1, 1982 will bear Intera.t at a rata which .,ill vary fr05 calandar yaar to cRL.ndar y.ar with that rata
announcad by tha PA n.part.ant of R.v.nue. Tha appl1cablll Intarut rat.. for 1982 through 1992 ara:
INTEREST:
'!!!r Intarut Rata Daily Intarest Factor Vaal" Int.rast Rata Dally Intarast Factor
1982 202 .000548 1986 10~ .000274
1983 16:< .000438 1987 .Z .000247
1984 112 .000301 1988-1991 112 .000301
1985 132 .000356 1992 9;: .000247
--Intar..t i. calculatad a. follow.:
INTEREST = BALANCE OF TAX UNPAID X NUNBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR
-.Any Notice i.luad aftar the tax baco.e. dllinquant will raflact an intar.st calculation to fifteen (15) days
b.yond the data of the a.......nt. If pay..nt Is .ade aft.r tha Intarast cODPutatlon data shown on tha
Notice, additional Intare.t .u.t be calculatad.
.-
~
~
REV-1607 EX AFP (1-911.
COMMONWEALTH OF PENNSYLVANIA
DEPAATttEHT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
DEPT. ZlD6Dl
HARRISBURG, PA 17128-0601
ACN 102
INHERITANCE TAX
STATEMENT OF ACCOUNT
DATE 04-20-92
ESTATE OF LUTZ URIE D FILE NO. 21 80-0582
DATE OF DEATH 08-21-80 COUNTY CUMBERLAND
NOTE. TO INSURE PROPER CREOIT TO YOUR ACCOUNT, SUBHIT THE UPPER PORTION OF THIS FORH WITH YOUR TAX
PAYHENT TO THE ADDRESS SHOWN. HAXE CHECK PAYABLE AND REHIT PAYHENT TD. ,
WILLIAM F I~ARTSoN ESQ
MARTSoN ETAL
TEN EAST HIGH ST
CARLISLE PA 17013
REGISTER OF WILLS
CUMBERLAND CD COURT HOUSE
CARLISLE, PA 17013
Amount R..ltt.d
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR FILES ~
Rifli:i60-j-EX--AFfi-ri~-9ij-------...--iNHifRiTj\NCE--fAX"1iTiir-EHEN-f-o"-ACc:OUNif--..-.----------------------
ESTATE OF LUTZ URIE D FILE NO.21 80-0582 ACN 102
THIS STATEHENT IS PROVIDEO TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NAHED
ESTATE. SHOWN BELOW IS A SUHHARY OF THE PRINCIPAL TAX DUE, APPLICATION OF ALL PAYHENTS.
THE CURRENT BALANCE. AND. IF APPLICABLE, A PROJECTED INTEREST FIGURE.
DATE 04-20-92
DATE OF LAST ASSESSMENT DR RECORD ADJUSTMENT. 03-09-92
PRINCIPAL TAX DUE:. 43.352.41
PAYMENTS (TAX CREDITSI.
PAVMENT
DATE
04-02-92
RECEIPT
NUMBER
712417
DISCOUNT (+1
INTEREST (-I
26,487.24-
43,352.41
AMOUNT PAID
,_,f'-
-.ci
,,-,
-~l
":'1
=
-0
7:
..:1
.:-'
,"
. ,
N
-""
v
"
INTEREST IS CHARGED FROM 04-03-92 TO 05-05-92
AT THE RATES APPLICABLE AS OUTLINED ON THE
REVERSE SIDE OF THIS FoRM.-
TOTAL TAX CREDIT
BALANCE OF TAX DUE
16,865.17
26,487.24
INTEREST
215.90
TOTAL DUE
26,703.14
. IF PAID AFTER THIS DATE, SEE REVERSE
SIDE FOR CALCULATION OF ADDITIONAL INTEREST.
IF TOTAL DUE IS LESS THAN f1,
NO PAYHENT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CRI,
YOU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS.
--
REY-1607 EX AFP (1-91'.
CotOtQHWEALTH OF PENNSVLVANIA
DEPARTKEHT OF REVENUE
BUREAU OF INDIVIDUAL 'AXES
DEPT. 28D601
HARRISBURG, Pi 17128.0601
ACN 101
INHERITANCE TAX
STATEMENT OF ACCOUNT
DATE 08-10-92
ESTATE OF LUTZ URIE D FILE NO. 21 80-0582
DATE OF DEATH 08-21-BO COUNTY CUMBERLAND
NOTE: TO INSURE PROPER CREDIT TO YOUR ACCOUNT, SUBHIT THE UPPER PORTION OF THIS FORH WITH YOUR TAX
PAYHENT TO THE AOORESS SHOWN. HAXE CHECK PAYABLE AND REHIT PAYHENT TO: "
WILLIAM F MARTSON ESQ
MARTS ON ETAL
TEN EAST HIGH ST
CARLISLE PA 17013
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
AMount R..i tt.d
-----
CUT ALONG THIS LINE .. RETAIN LOWER PORTION FOR YOUR FILES .....
REv:i6'iifTi-Aj:p-n:-9ir------...--iiiHERiTANcE--mnii'ATEHENi-olf-AccouNT--i1..----------------------
DATE 08-10-92
ESTATE OF LUTZ URIE D FILE NO. 21 80-0582 ACN 101
THIS STATEHENT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NAHED
ESTATE. SHDWN BELOW IS A SUHHARY OF THE PRINCIPAL TAX DUE, APPLICATIDN OF ALL PAYHENTS,
THE CURRENT BALANCE, AND, IF APPLICABLE, A PROJECTED INTEREST FIGURE.
DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 04-27-81
PRINCIPAL TAX DUE:. 27,297.10
PAYMENTS (TAX CREDITS):
PAYMENT RECEI PT DISCOUNT (+) AMOUNT PAID
DATE NUMBER INTEREST (-)
01-12-81 000404 .00 900.00
05-21-81 029536 .00 29,000.00
11-18-81 REFUND .00 2,602.90-
TOTAL TAX CREDIT
BALANCE OF TAX DUE
INTEREST
TOTAL DUE
27,297.10
.00
.00
.00
. IF PAID AFTER THIS DATE, SEE REVERSE
SIDE FOR CALCULATION DF ADDITIONAL INTEREST.
IF TOTAL DUE IS LESS THAN U,
NO PAYHENT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A "CREDIT" ICRI,
YOU HAY BE DUE A REFUHO. SEE REVERSE SIDE OF THIS FDRH FOR INSTRUCTIONS.
DNO',M712417 COMMOND~~;JE~T~~~~~N~~YLVANIA
",v.l'"'' i".", OFFICIAL RECEIPT. PENNSYLVANIA INHERITANCE AND ESTATE TAX
ACN
ASSESSMENT r;t
CONTROL ~
NUMBER
----- .--."- --- ..-.. .---. ..-- --- .~... ---- -.--.
RECEIVED FROM,
william F. MBrtson, ERq.
10 East High Street
Carlisle, PA 17013
IOtOHER!
ESTATE INFORMATION,
~ FILE NUMBER
1II 21-80-0582
E'I NAME OF DECEDENT (LAST)
i:lI Lutz
~ DATE OF PAYMENT
IiJ April 2, 1992
EJ POSTMARK DATE
COUNTY
(FIRST)
Urie
Cumberland
DATE OF DEATH
August 21, 1980
REMARKS
S. S. #174-05-1373
SEAL
r- _ _ _ --. ~ - -- -- - - .---- ~-- .-.-
I
!
I
,
i
i
I
w:
fJ
AMOUNT
102
$43,352.41
fOlO HlRE ~,
(MI)
D.
REGISTER OF WillS
~ TOTALAMOUNTPAID $43.352.41
. ~'
. ./'>. ," \ / .:
- / ~ .
...._ ,. I _' .
," '/' tJ /. ;
RECEIVED BV~~tE_l.. . '-e4~
I pr_IGNATURE
_.___ __ __... u___o.___u_ --'- -- --- ----
0', :.... 'M'7'. 12809 COMMONWEALTH OF PENNSYLVANIA
Ne).., . DEPARTMENT OF REVENUE
OFFICIAL RECEIPT. PENNSYLVANIA INHERITANCE AND ESTATETAX
....,.......'......
. .' .,:"
"
~ ,,)
'Jlf.V.116.1n(12016l
RECEIVED FROM:
fJ
ACN
ASSESSMENT r:'I
CONTROl ~
NUMBER
AMOUNT
William F. Martson, Esq.
10 East High Street
Carlisle, PA 17013
102
$26,487.24
ESTATE INFORMATION,
t:'I FilE NUMBER
~ 21-80-0582
t:'I NAME OF DECEDENT (lAST)
Ii:iI Lutz
~ DATE OF PAYMENT
iii July 27, 1992
m POSTMARK DATE
COUNTY
Cumberland
DATE OF DEATH
March 2, 1986
REMARKS
S. S. #174-05-3841
(FIRST)
Urie
(Mil
D.
m TOTALAMOUNTPAID $26,487.24
SEAL
RECEIVED BY
SIGNATURE
REGISTER OF WILLS
.;
r - - - -- - - -- --- - - - ..- --- .-. --- - ".- -- -- -.- - - - - - - - --
!
,
i
\
,
i
j
--'
/' .
1i'~~:M712 81 0 COMMOND~~~T~E~T ~~ ~~~N~~YLV ANIA
,:.,,',;.
:"':"''''1''",,1 OFFICIAL RECEIPT. PENNSYLVANIA INHERITANCE AND ESTATE TAX
ACN
ASSESSMENT 'l'
CONTROl ...
NUMBER
,~.,
~
RECEIVED FROM:
i
AMOUNT
William F. Martson. Esq.
10 East High Street
Carlisle. PA 17013
102
$536.47
ESTATE INFORMATION:
f:t FilE NUMBER
g 21-80-0582
EJ NAME OF DECEDENT (lAST)
Lutz
I!'I DATE OF PAYMENT
Iii Jul 27
m POSTMARK DA E
COUNTY
Cumberland
DATE OF DEATH
M,arch 2. 1986
REMARKS
S. S. n174-05-3841
(FIRST)
U ie
(MI)
D~
r:1 TOTAL AMOUNT PAID $536.47
SEAL
RECEIVED BY
SIGNATURE
.'~-.J
REGISTER OF WILLS
/
,',
/,
.- -- - - - - - - - - - - - -- --- -- "-- - - ~-- - - ._- --- ._- -.-- - - - - - - _.
\
,
i
I
,
,
I
1
\
1
I
,\
I
~.
REV-1607 EX AFP 11-91)*
CDMMDHwEAlTH OF PENNSYLVANIA
DEPART"fNT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
DEPT. 280601
HARRISBURG, FA 17128-0601
ACN 102
INHERITANCE TAX
STATEMENT OF ACCOUNT
DATE 08-31-92
ESTATE OF LUTZ URIE D FILE NO. 21 80-0582
DATE OF DEATH 08-21-80 COUNTY CUMBERLAND
NOTE: TO INSURE PROPER CREDIT TO YOUR ACCOUNT, SUBMIT THE UPPER PORTION OF THIS FORM WITH YOUR TAX
PAYMENT TO THE ADDRESS SHOWN. MAXE CHECK PAYABLE AND REMIT PAYMENT TO: ,
PAYMENTS (TAX CREDITS):
WILLIAM F MARTSDN ESQ
MARTSDN ETAL
TEN EAST HIGH ST
CARLISLE PA 17013
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
Amount R...ltt.d
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR FILES .....
RE-y=i6o-j-Ex--AFP--fi:-9ii-------...--iNHE-RITA-NCE--fAX--ST~iEHENif-ojf-ACC-OUNT---..-.----------------------
ESTATE OF LUTZ URIE 0 FILE NO.21 80-0582 ACN 102
THIS STATEMENT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED AtN IH THE NAMED
ESTATE. SHOWN BELOW IS A SUMMARY OF THE PRINCIPAL TAX DUE, APPLICATION OF ALL PAYMENTS,
THE CURRENT BALANCE, AHO. IF APPLICABLE. A PROJECTED INTEREST FIGURE.
DATE 08-31-92
DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 03-09-92
PRINCIPAL TAX DUE:. 43.352.41
PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID
DATE NUMBER INTEREST (-)
04-02-92 712417 26,487.24- 43,352.41
07-27-92 712810 758.91- 536.47
07-27-92 712809 222.44- 26,487.24
INTEREST IS CHARGED FROM 07-28-92 TO 09-15-92
AT THE RATES APPLICABLE AS OUTLINED ON THE
REVERSE SIDE OF THIS FORM..
TOTAL TAX CREDIT
BALANCE OF TAX DUE
INTEREST
TOTAL DUE
43,129.97
222.44
2.75
225.19
· IF PAID AFTER THIS DATE, SEE REVERSE
SIDE FOR CALCULATION OF ADDITIONAL INTEREST.
IF TOTAL DUE IS LESS THAN $1.
NO PAYMENT IS REQUIREO.
IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR),
YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. l
..0
,,,
""
T]
"-:J
',-,J
PAvt1ENT:
Detach the top po~tlon of this Hotlee and sub.lt with your pav..nt .ede payable to the na.. and addrl" printed
on tM rever.. sla.
All payaonts received shall flr.t b. applllld to any lntere.t which eay b. dull with any r8581nder IIpplllld to the talC.
REFUND (CR): A refund of II tax credit, which WlIS not requestad on the TalC Roturn, .ey be nqulI.tlld by co.phUng an
"Application fol"' R.fund of PIIMsylvllInla Inheritance and Estate Tl!llC" (REV-1313). APplications an available at
the Offlu of the Register of lUlls, any of the 24 RIIVllnull Dbtdet Offices, 01"' by calling the splclal Zit-hour
answering service nuebllr. for fOI'" ordering: NEW IN PENNSYLVANIA 1-800-362-2050, outsido Pennsylvania
and within the loeel Harrisburg area (717) 7117-8094.
REPLY
TO.
Qu..tlons regllrdlng 111"'1"'01"" contained on this notIce should be addressed to: PA Dop~rt.ent of RevtoUO, Buroau
of IndivIdual Taxos, ATTN; Po It Asso.s.ent RovIew UnIt, DEPT. 280601, HarrIsburg, PA 1712S-06G1, phone
(71]) 787-6505.
If any tax dull Is paId withIn three (3) calendar eonth. after the decedont's death, a flvo perunt (SiO dhcount
of th8 tax paId 11 allowed.
DISCQt.llT:
INTEREST:
Intor..t 18 chargod bogIMIng with first day of dellnquency, or nIne (9) .onths and on. (1) day froo the date of
doath, to the date of payeent. Taxes whIch beea.e doUnquent before JDnuary 1, 1982 bear Interest at the rato of
six (6;() p.rccant por amUll calculatod at a dally rate of .000164. All taxes whIch bec~ dellnq\llnt on and aft.r
JDr'lUary 1, 1982 wU1 boar Intorut at a rate whIch wll1 vary fro. calendar yoar to calondar yoar ..Uh that rato
announced by the PA Departeent of Revenue. The applicable Interost rate. for 1982 through 199Z aro:
'!!!!; Int.nst Rate Dally Interast Factor ~ Intere.t Rata DailY Intarest Factor
1982 20% .000548 1986 lOX .OGOZ74
1983 16% .000438 1987 9% .000247
1984 11% .000301 1988-1991 11% .000301
1985 '''' .000356 1992 9% .000Z47
--Interast 1. calculatad as follow.:
INTEREST = BALAIlCE OF TAX UNPAID X NUNDER OF DAYS DELINQUENT X DAILY INTEREST FACTOR
--Any Hotlc. Issued after the tax beco.e. delinquent will reflect an Interelt calculation to flft~8n (15) day.
beyond the dato of th. Blnu.ont. If payell'nt Is .ade after the Interast co.putatlon date shoWl. on the
Notice, additional Interest ault be calculated.
REV-1607 EX AFP (1-91) *'
COHHOHWEAlTH OF PENNSYLVANIA
DEPARTKENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
DEPT. Za06Dl
HARRISBURC, PA 17128-0601
ACN 102
/
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR FILES .....
Rifv:i61ii-EX--AFP--(i~-9ii--.----..K--iNHifRiTi\NCE--fAX--STA1rEHEiif-oi'-ACc:OUNif--..-.-------------------.-.
INHERITANCE TAX
STATEMENT OF ACCOUNT
DATE 10-13-92
ESTATE OF LUTZ URIE D FILE NO. 21 80-0582
DATE OF DEATH 08-21-80 COUNTY CUMBERLAND
NOTE: TO INSURE PROPER CREDIT TO YOUR ACCOUNT. SUBHIT THE UPPER PORTION OF TNIS FORH WITH YOUR TAX
PAYHENT TO THE ADDRESS SNDWN. HAKE CHECK PAYABLE AND REHIT PAYHENT TO, ,
WILLIAM F MARTSON ESQ
MARTSON ETAL
TEN EAST HIGH ST
CARLISLE PA 17013
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE. PA 17013
Alhount R...ltt.d
DATE 10-13-92
ESTATE OF LUTZ URIE D FILE NO. 21 80-0582 ACN 102
THIS STATEHENT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NAHED
ESTATE. SHOWN BELOW IS A SUHHARY OF THE PRINCIPAL TAX DUE, APPLICATION OF ALL PAYHENTS,
THE CURRENT BALANCE. AND. IF APPLICABLE. A PROJECTED INTEREST FIGURE.
DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT, 03-09-92
PRINCIPAL TAX DUE,. 43,352.41
PAYMENTS (TAX CREDITS),
PAYMENT
DATE
04-02-92
07-27-92
07-2"-92
09-10-92
RECEIPT
NUMBER
712417
712810
712809
742365
DISCOUNT (+)
INTEREST (-)
26,487.24-
758.91-
222.44-
2.47-
\.0
1.....1
AMOUNT PAID
43,352.41
536.47
26.4B7.24
225.19
=
.>
TOTAL TAX CREDIT
BALANCE OF TAX DUE
INTEREST
TOTAL DUE
43,352.69
.28CR
.00
.28CR
. IF PAID AFTER THIS DATE, SEE REVERSE
SIDE FOR CALCULATION OF ADDITIONAL INTEREST.
I IF TOTAL DUE IS LESS THAN $1,
NO PAYHENT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CRI,
YOU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS.
PAVHEHTI
REFUND (CAl:
REPLY
TO:
DISCOUNT;
INTEREST I
D.tach the top portion of this Notice and sub.lt with your paY.llnt .ade payable to the n... and addre.. printed
on the revllrslI side.
AU JlaY1lent. reclllvlld shall first bll aPPUlld to any Intllr..t which .ay bll due with any rll.alndllr appUed to thll tax.
A refund of a tax credit, which was not requested on thll Tax Rllturn, .ay be rllquntlld by cOlIPllltIng an
"Application for Allfund of Penn,ylvanla InhllrltanclI and Estate Tax" (REY-1313). Application. or. available at
thll OffiCII of thll Rllgister of wills, any of thll Z4 RIIVllnue District OfflclII, or by calling the special 24-hour
answlrlng ,lIrvlclI nUllbllrs for for., ordllrlngl HEW IN PENNSVLVANIA 1-800-362-20SD, outside Penn'Ylvanla
and within the local Harrisburg area (717) 181.8D94.
aue.tlons regardinG errors contalnlld on thl. notice should be addreS'lId to: PA Dllpart.llnt of Aevllnull, Burllau
of Individual TaxIII, AllN: Post Anllls.llnt AIIVllw Unit, DEPT. 280601, Harrisburg, PA 17128-0601, phone
(717) 787-6505.
If any tax due 11 pllld within thrllll (3) call1ndar .onth. after the dllcedllnt., death, II flv. percent (5X) discount
of the tax paid 11 allowed.
Intllrest is charlllld beginninG with first day of delinquency, or nlnll (9) lIonth. and one (1) day fr08 th8 date of
dllath, to thll datil of paYIIltftt. TaxIII which bllCPII dlUnquent bllforll January 1, 1982 bllar Intllre.t at thll rate of
sb (6X) percllnt pllr annu. calculated at a dally ratll of .000164. All taxlII which bllca.e dellnQUllnt on and after
January 1, n8Z will bear Intllrlllt at a ratll which will vary fr08 calendar Yllar to calandllr yllar with that rate
~1Id by the PA Depart.llnt of RIIVIIMYII. Thl IlPpllcabl. Intllre.t rat., for 1982 through 1992 ar.:
'!!!!: Inhrll.t Rat. OaUy Interllst Facto,. :!!!! Intllre.t Rate DailY Inte,.est Foeto,.
1982 20X .000548 1986 lOX .000214
1983 16X .000438 1981 .. .000247
,... llX .000nl 1988-1991 llX .000301
1985 13;( .0003S6 1992 .~ .000247
--Int.,...t I. calculated a. follow.:
INTEREST = BALANCE OF TAX UNPAID X NUKBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR
--Any NotICII issued altll,. the tax baco.., delinquent will reflect an Inter..t calculation to flft.en (5) days
blyond the datil of the au....."t. If payllllnt 111 .ade aft.,. the InbrllSt cOlI:9Utatlon date Ihown on the
NOtICII, additionlll inte,..st "It bll calculated.
,.
, .
PRINCIPAL
Receipts: Balance of Prior Account
This Account
0.00
340,710.95
."
~
,
PAGE
3-5
Net Gain (or Loss) on Sales or Other Disposition/Principal (51,511.11) 6-10
Less: General Disbursements
Fees
48,394.17
3,072.50
Balance before Distributions
Distrib. to Beneficiaries
Principal Balance on Hand
For Information:
Investments Made
Changes in Investment Holdings
INCOME
Receipts: Balance of Prior Account
This Account
Net Gain (or Loss) on Sales or Other Disposition/Income
Less: Disbursements
Balance Before Distribution
Distributions to Beneficiaries
Income Balance on Hand
For Information:
Investments Made
Combined Balance on Hand
L'.'t" -I';"'"
.....r'. _ I
P!P,;
"1'-, .
('0 ,
..'...
-2-
289,199.84
51,466.67
237,733.17
54,567.00
183,166.17
0.00
74,987.42
88.18
75,075.60
15,630.12
59,445.48
55,500.00
3,945.48
187,111. 65
-------
11-12
13-14
15
16
16
17-24
25-26
27-29
30-32
33
34-35
'.
...
.
"",
.
",
RECEIPTS OF PRINCIPAL
Description
Fiduciary
Acquis i tion
Value
Cash:
1986-09-30 Urie D. Lutz C/T/W - Cash
1986-10-22 Urie D. Lutz C/T/W - Cash
216.60
51,991. 70
1987-09-30 Fidelity Puritan Fund Inc.
1988-01-06 Fidelity Overseas Fund Long
Term Capital Gain
3,338.54
7,153.50
1988-01-06 Fidelity Overseas Fund Short
Term Capital Gain
1,033.28
1988-04-15 Helen Lutz T/A f/b/o Virginia
- Cash
5,224.48
1988-04-26 Helen Lutz T/A f/b/o Virginia
- Cash
1, 200 . 00
1988-05-05 Helen Lutz T/A f/b/o Virginia
- Cash
266.10
1988-05-16 Helen Lutz T/A f/b/o Virginia
- Cash
1,633.00
1988-06-21 Helen Lutz C/t f/b/o Virginia
- Cash
1,200.00
1988-09-16 Transfer from Income
400.00
1989-05-23 Transfer from Income
71.92
1989-08-21 Internal Revenue Service
1988 Fiduciary Income Tax
Refund
700.00
1989-12-29 Fidelity Overseas Fund Capital
Gains Distribution
1,053.15
1990-09-25 Internal Revenue Service
1987 Fiduciary Income Tax
Refund
1,411.39
1991-01-11 Fidelity high Yield
Investments Short Term Capital
Gain
981. 52
-3-
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L13ER ..<:. I.." l,;,J,
<
.
~ .
.
...
.
.
1991-01-11 Fidelity High Yield
Investments Long Term Capital
Gain
1,840.34
1992-01-09 Fidelity High Yield
Investments - Long Term
Capital Cain
1,187.34
1992-01-09 Fidelity High Yield
Investments - Short Term
Capital Gain
712.40
1992-01-09 Fidelity Overseas Fund Shares
of Beneficial Interest -
Capital Gain
1,152.51
1992-10-22 Transfer from Income
1,400.00
84,167.77
Stocks/Listed:
Received from Urie D.
Lutz T/W
1986-09-30 73 shares Ameritech
9,079.75
9,148.80
1986-09-30 371 shares American Telephone
and Telegraph
1986-09-30 146 shares Bell Atlantic Corp.
1986-09-30 219 shares Bellsouth Corp.
1986-09-30 935 shares Carlisle Corp.
1986-09-30 453 Deere & Co.
9,308.34
12,042.32
33,426.25
13,596.00
1986-09-30 660 shares Northwest
Industries Inc.
0.28
1986-09-30 146 shares Nynex Corporation
9,162.04
1986-09-30 146 shares Pacific Telesis
Group
7,296.71
1986-09-30 74 shares Rockwell
International Corp., Pfd.
32,307.00
1986-09-30 550 shares Rockwell
International Corp.
25,437.50
1986-09-30 73 shares Southwestern Bell
Corp.
7,104.33
-4-
LI'.l't". A ')1'"'{1 par.; q~ (\
,. .1.'_ "".. C-L,.o__
,
GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS/PRINCIPAL
Gain Loss
1986-12-24 453 shares Deere & Co.
Net Proceeds 10,441.34
Fid. Acq. Value 13,596.00 0.00 3,154.66
1987-01-15 73 shares Ameritech
Net Proceeds 10,016.36
Fid. Acq. Value 9,079.75 936.61 0.00
1987 -01-15 371 shares American Telephone
and Telegraph
Net Proceeds 9,378.56
Fid. Acq. Value 9,148.80 229.76 0.00
1987-01-15 146 shares Bell Atlantic Corp.
Net Proceeds 10,214.54
Fid. Acq. Value 9,308.34 906.20 0.00
1987-01-15 219 shares Be11south Corp.
Net Proceeds 13 ,131. 89
Fid. Acq. Value 12,042.32 1,089.57 0.00
1987-01-15 935 shares Carlisle Corp.
Net Proceeds 29,030.77
Fid. Acq. Value 33,426.25 0.00 4,395.48
1987-01-15 660 shares Lone Star
Technologies Inc.
Net Proceeds 4,455.00
Fid. Acq. Value 5,454.90 0.00 999.90
1987-01-15 146 shares Nynex Corporation
Net Proceeds 9,904.41
Fid. Acq. Value 9,162.04 742.37 0.00
1I3ff: .1C'\..... ?'l~r 82J
.'" .'
. .....f
-6-
""
.
..
.'
,
1987 -01-15 146 shares Pacific Te1es is
Group
Net Proceeds 8,091.95
Fid. Acq. Value 7,296.71 795.24 0.00
1987-01-15 74 shares Rockwell
International Corp., Pfd.
Net Proceeds 34,073.27
Fid. Acq. Value 32,307.00 1,766.27 0.00
1987-01-15 550 shares Rockwell
International Corp.
Net Proceeds 26,220.45
Fid. Acq. Value 25,437.50 782.95 0.00
1987-01-15 73 shares Southwestern Bell
Corp.
Net Proceeds 8,273.82
Fid. Acq. Value 7,104.33 1,169.49 0.00
1987-01-15 348 shares Union Pacific Corp.
Net Proceeds 22,265.17
Fid. Acq. Value 18,292.31 3,972.86 0.00
1987-01-15 100 shares U. S. West Inc.
Net Proceeds 5,621.31
Fid. Acq. Value 5,085.42 535.89 0.00
1987-01-15 46 shares U.S. West Inc.
Net Proceeds 2,591.64
Fid. Acq. Value 2,339.30 252.34 0.00
1987-01-23 63 shares Farley Northwest
Industries Inc., Pfd.
Net Proceeds 1,521.39
Fid. Acq. Value 1,432.16 89.23 0.00
Ll5ER -I 0t~t P"IG~_ tQI):~
.,. { -..-....,.-
-7-
.
1987-01-23 1,400 shares Farley Northwest
Industries Inc., Pfd.
Net Proceeds 33,983.87
Fid. Acq. Value 31,825.88 2,157.99 0.00
1987-01-23 0.79 shares Farley Northwest
Industries Inc., Pfd.
Net Proceeds 19.16
Fid. Acq. Value 17.96 1.20 0.00
1987-08-06 2,271.437 shares Fidelity
Select Portfolio American Gold
Ne t Proceeds 38,318.23
Fid. Acq. Value 40,000.00 0.00 1,681. 77
1987-08-06 2,341.92 shares Fidelity
Select Portfolio Precious
Metals and Minerals
Net Proceeds 38,579.84
Fid. Acq. Value 40,000.00 0.00 1,420.16
1987-11-09 1,447.974 shares Fidelity
Magellan Fund Inc.
Net Proceeds 57,238.41
Fid. Acq. Value 78,579.84 0.00 21,341.43
1987-11-09 5,481.53 shares Fidelity
Puritan Fund Inc.
Ne t Proceeds 62,599.07
Fid. Acq. Value 78,318.23 0.00 15,719.16
1987-12-11 5,000 shares Fidelity Ultra
Service Account
Net Proceeds 5,000.00
Fid. Acq. Value 5,000.00 0.00 0.00
1988-02-24 5,000 shares Fidelity Money
Market Account
Net Proceeds 5 , 000 . 00
Fid. Acq. Value 5 ,000.00 0.00 0.00
-8-
lISER -1 r;,"" "'r.r RO;,,~
- .__, I.;.' L~f_L.
.-,
-,
1988-03-24 5,000 shares Fidelity Ultra
Service Account
Net Proceeds 5,000. 00
Fid. Acq. Value 5,000.00 0.00 0.00
1988-10-27 1,200 shares Fidelity Money
Market Account
Net Proceeds 1,200.00
Fi.d. Acq. Value 1,200.00 0.00 0.00
1989-02-22 1,500 shares Fidelity Money
Market Account
Net Proceeds 1,500. 00
Fid. Acq. Value 1,500.00 0.00 0.00
1989-04-19 1,200 shares Fidelity Money
Market Account
Net Proceeds 1, 200 . 00
Fid. Acq. Value 1,200.00 0.00 0.00
1989-05-15 2,500 shares Fidelity Money
Market Account
Net Proceeds 2,500. 00
Fid. Acq. Value 2,500.00 0.00 0.00
1989-10-30 205.047 shares Fidelity High
Yield Investments
Net Proceeds 2,600.00
Fid. Acq. Value 2,600.00 0.00 0.00
1990-09-20 772.48 shares Fidelity High
Yield Investments
Net Proceeds 9,450.00
Fid. Acq. Value 9,450.00 0.00 0.00
1992-08-14 233.281 shares Fidelity High
Yield Investments
Net Proceeds 3 , 000 . 00
Fid. Acq. Value 2,969.66 30.34 0.00
-9-
llBtR -1 ~~~l r1r.r 82'~
~l.._ I . ":.
.
,
.
1992-12-11 314.465 shares Fidelity High
Yield Investments
Net Proceeds 4,000.00
Fid. Acq. Value 4,000.00 0.00 0.00
1992-12-16 993.542 shares Fidelity
Overseas Fund
Net Proceeds 21,828.12
Fid. Acq. Value 40,000.00 0.00 18,171.88
1993-01-19 530.439 shares Fidelity High
Yield Investments
Ne t Proceeds 6,667.62
Fid. Acq. Value 6,752.60 0.00 84.98
Total Gains and Losses/Principal
Less Loss
15,458.31
66,969.42
66,969.42
Net Gain
(51,511.11)
----
1I6H: :127 P!.Gf
-10-
0')"
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..
DISBURSEMENTS OF PRINCIPAL
General Disbursements:
1987-02-18 Urie D. Lutz C/TfW - Remainder
Interest Tax Due on Estate of
Urie D. Lutz
1987-07-03 Virginia H. Lutz
Reimbursement for Tuition
1987-07-21 Capital Blue Cross - Insurance
Premium
1987-08-27 Virginia H. Lutz - Tuition
1987-11-25 Virginia H. Lutz - Tuition
1988-04-05 Internal Revenue Service -
1987 Fiduciary Income Tax
1988-04-05 PA Department of Revenue -
1987 Fiduciary Income Tax
1988-05-05 Capital Blue Cross - Insurance
Premium
1988-05-17 Virginia H. Lutz - Tuition
1988-09-14 Internal Revenue Service -
1988 3rd Quarter Estimated
Fiduciary Income Tax
1989-01-17 Internal Revenue Service -
1988 4th Quarter Estimated
Fiduciary Income Tax
1989-04-18 PA Department of Revenue -
1988 Fiduciary Income Tax
1989-10-13 Transfer to Income
1991-07-10 Transfer to Income
1992-03-24 Internal Revenue Service -
1991 Fiduciary Income Tax
1992-03-26 PA Department of Revenue -
1991 Fiduciary Income Tax
1992-12-29 PA Department of Revenue -
1992 4th Quarter Estimated
Fiduciary Income Tax
!'F" :1....~. nor' ~')r.
l D..I.. ~ ..~ ( l,jl..l t....'_O
-11-
-
16,500.00
223.00
219.00
3,080.00
3,565.00
19,454.00
1,635.00
266.10
433.00
400.00
300.00
171.92
1,178.74
287.76
408.28
73.37
74.00
DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES
1987-01-12 Virginia H. Lutz Principal
Distribution
10,117.00
1987-07-21 Virginia H. Lutz Principal
Distribution
1,200.00
1987-08-21 Virginia H. Lutz Principal
Distribution
1,200.00
1987-09-21 Virginia H. Lutz - Principal
Distribution
1,200.00
1987-12-22 Virginia H. Lutz Principal
~istribution
1,200.00
1988-01-21 Virginia H. Lutz - Principal
Distribution
1,200.00
1988-02-24 Virginia H. Lutz - Principal
Distribution
1,200.00
1988-03-21 Virginia H. Lutz - Principal
Distribution
1,200.00
1988-04-22 Virginia H. Lutz - Principal
Distribution
1,200.00
1988-05-23 Virginia H. Lutz - Principal
Distribution
J.,200.00
1988-06-21 Virginia H. Lutz - Principal
Distribution
1,200.00
1988-09-21 Virginia H. Lutz - Principal
Distribution
1,200.00
1989-01-23 Virginia H. Lutz Principal
Distribution
1,200.00
1989-03-23 Virginia H. Lutz - Principal
Distribution
1,200.00
1989-04-24 Virginia H. Lutz - Principal
Distribution
1,200.00
1989-05-23 Virginia H. Lutz - Principal
Distribution
1,200.00
1989-10-20 Virginia H. Lutz - Principal
Distribution
1 , 350 . 00
1990-01-23 Virginia H. Lutz - Principal
Distribution
1,350.00
-13-
um: :127 :'!,~[ 828
":':.."\
1990-02-22 Virginia H. Lutz Principal 1,350.00
Distribution
1990-03-21 Virginia H. Lutz - Principal 1,350.00
Distribution
1990-03-25 Virginia H. Lutz - Principal 1,350.00
Distribution
1990-04-23 Virginia H. Lutz Principal 1,350.00
Distribution
1990-05-22 Virginia H. Lutz - Principal 1,350.00
Distribution
1990-07-23 Virginia H. Lutz Principal 1,350.00
Distribution
1990-08-23 Virginia H. Lutz - Principal 1,350.00
Distribution
1990-09-25 Virginia H. Lutz - Principal 1,550.00
Distribution
1991-07-22 Virginia H. Lutz - Principal 1,550.00
Distribution
1992-04-21 Virginia H. Lutz - Principal 1,550.00
Dis tribution
1992-06-22 Virginia H. Lutz - Principal 1,550.00
Distribution
1992-07-21 Virginia H. Lutz - Principal 1,550.00
Distribution
1992-08-21 Virginia H. Lutz - Principal 1,550.00
Distribution
1992-10-22 Virginia H. Lutz - Principal 2,000.00
Distribution
1992-11-20 Virginia H. Lutz - Principal 2,000.00
Distribution
1992-12-22 Virginia H. Lutz - Principal 1,000.00
Distribution
------------- 54,567.00
-------------
Total Distributions of Principal 54,567.00
- -- --
lIm: 127
"' r.r 0'):1
. .1.'.. C'....~J
-14-
RECEIPTS OF INCOME
Dividends:
1986-11-03 Be11south Corp.
1986-11-03 Southwestern Bell Corp.
1986-11-04 Pacific Telesis Group
1986-11-04 U.S. West Inc.
1986-12-02 Carlisle Corp.
1986-12-09 Rockwell International Corp.
1987-01-02 Rockwell International Corp. ,
Pfd.
166.44
116.80
110.96
110. 96
257.13
165.00
87.88
1987-01-05 Union Pacific Corp.
174.00
1987-02-02 Bell Atlantic Corp.
131.40
1987-02-02 Southwestern Bell Corp.
116.80
1987-02-03 Ameritech
91. 25
1987-02-03 American Telephone and
Telegraph
111.30
1987-02-03 Bel1south Corp.
166.44
1987-02-03 Nynex Corporation
127.02
1987-02-03 Pacific Telesis Group
110.96
1987-07-03 Dauphin Deposit Bank and Trust
Co. - Lost Dividend Checks
221.54
1987-08-11 Fidelity Money Market Account
11.97
1987-09-10 Fidelity Money Market Account
16.77
1987-09-30 Fidelity Puritan Fund Inc.
1987-10-06 Fidelity Money Market Account
1987-11-10 Fidelity Money Market Account
1,205.94
17.48
19.71
1987-11-17 Fidelity Puritan Fund Inc.
1,096.31
1987-12-09 Fidelity Money Market Account
1987-12-10 Fidelity Money Market Account
61.36
476.88
-17-
L1m 127 PI.Gf 832
1989-11-10 Fidelity Money Market Account 0.40
1989-12-29 Fidelity Overseas Fund 278.19
1990-02-02 American Telephone and 213 . 30
Telegraph
1990-05-02 American Telephone and 234.63
Telegraph
1990-08-02 American Telephone and 234.63
Telegraph
1990-11-02 American Telephone and 234.63
Telegraph
1990-11-02 Fideli ty High Yield 892.94
Investments
1990-11-07 Fidelity High Yield 891. 71
Investments
1990-12-11 Fidelity High Yield 889.43
Investments
1991-01-09 Fide li ty Overseas Fund 1,530.06
1991-01-10 Fidelity High Yield 900.90
Investments
1991-02-04 American Telephone and 234.63
Telegraph
1991-02-11 Fidelity High Yield 870.81
Investments
1991-03-15 Fidelity High Yield 833.27
Investments
1991-04-15 Fidelity High Yield 859.80
Investments
1991-05-01 American Telephone and 234.63
Telegraph
1991-05-09 Fidelity High Yield 859.46
Investments
1991-06-14 Fidelity High Yield 863.08
Investments
1991-07-12 Fidelity High Yield 866.94
Inves tments
1991-08-01 American Telephone and 234.63
Telegraph
-19-
L1:[t: .1r......, , '~IGf 0'" :
.. " uc)lJ
. -- -.
1991-08-14 Fidelity High Yield 878.18
Investments
1991-09-10 Fidelity High Yield 875.84
Inves tments
1991-10-10 Fidelity High Yield 848.99
Investments
1991-11-01 American Telephone and 234.63
Telegraph
1991-11-08 Fidelity High Yield 822.93
Investments
1991-12-09 Fidelity High Yield 804.85
Investments
1992-01-09 Fidelity High Yield 437.16
Investments
1992-01-09 Fidelity High Yield 815.04
Investments
1992-02-03 American Telephone and 234.63
Telegraph
1992-02-07 Fidelity High Yield 820.87
Investments
1992-03-09 Fidelity High Yield 782.41
Investments
1992-04-08 Fidelity High Yield 859.01
Inves tments
1992-05-01 American Telephone and 234.63
Telegraph
1992-05-06 Fidelity High Yield 830.01
Investments
1992-06-05 Fidelity High Yield 841. 03
Investments
1992-07-09 Fidelity High Yield 775.02
Investments
1992-08-03 American Telephone and 234.63
Telegraph
1992-08-19 Fidelity High Yield 783.27
Investments
1992-09-09 Fidelity High Yield 778.21
Investments
-20-
LISE,: 1r;t-t ?,rf 83.5
. :.. I ..I.:..
1992-10-07 Fidelity High Yield 748.42
Investments
1992-11-02 American Telephone and 234.63
Telegraph
1992-11-06 Fidelity High Yield 790.12
Investments
1992-12-10 Fidelity High Yield 722.47
Investments
1993-01-12' Fidelity High Yield 820.45
Investments --......_------- 49,055.14
Interest:
1986-11-05 Market Square Cash Manager 1 64.75
1986-12-02 Market Square Cash Manager 1 221.85
1987-01-05 Market Square Cash Manager 1 271.42
1987-02-02 Market Square Cash Manager 1 790.48
1987-03-03 Market Square Cash Manager 1 1,108.95
1987-04-03 Market Square Cash Manager 1 1,189.72
1987-05-04 Market Square Cash Manager 1 1,162.50
1987-06-03 Market Square Cash Manager 1 1,085.59
1987-07-03 Market Square Cash Manager 1 302.82
1987-08-03 Market Square Cash Manager 1 270.36
1987-09-02 Market Square Cash Manager 1 260.79
1987-10-01 Market Square Cash Manager 1 246.48
1987-11-02 Market Square Cash Manager 1 277 . 13
1987-12-02 Market Square Cash Manager 1 243.06
1988-01-04 Market Square Cash Manager 1 124.02
1988-02-01 Market Square Cash Manager 1 63.70
1988-03-02 Market Square Cash Manager 1 60.08
1988-04-04 Market Square Cash Manager 1 64.78
-21-
L15[r. 1 ~:",I~,l ':r.r n'3"
- "
._'..1 1.1.. t}\,. \,.
1988-05-03 Market Square Cash Manager 1 12.59
1988-06-01 Market Square Cash Manager 1 1.50
1988-07-01 Market Square Cash Manager 1 1.45
1988-08-01 Market Square Cash Manager 1 8.06
1988-09-01 Market Square Cash Manager 1 6.04
1988-10-03 Market Square Cash Manager 1 4.52
1988-11-04 Market Square Cash Manager 1 0.74
1988-12-05 Market Square Cash Manager 1 0.62
1989-01-06 Market Square Cash Manager 1 0.67
1989-02-06 Market Square Cash Manager 1 2.60
1989-03-02 Market Square Cash Manager 1 1.08
1989-04-05 Market Square Cash Manager 1 0.73
1989-05-03 Market Square Cash Manager 1 2.50
1989-06-05 Market Square Cash Manager 1 11.85
1989-07-06 Market Square Cash Manager 1 3.64
1989 -07 -07 Capital Reserve Account 0.98
1989-08-03 Capital Reserve Account 0.53
1989-09-07 Capital Reserve Account 3.48
1989-10-04 Capital Reserve Account 6.98
1989 -11-06 Capital Reserve Account 7.28
1989-12-06 Capital Reserve Account 5.92
1990-01-08 Capital Reserve Account 5.73
1990-02-02 Capital Reserve Account 10.15
1990-03-08 Capital Reserve Account 3.97
1990-04-04 Capital Reserve Account 4.40
1990-05-02 Capital Reserve Account 2.74
1990-06-04 Capital Reserve Account 3.87
1990-07-03 Capital Reserve Account 3.66
-22-
lIStr: 1""" P~r.f 837
' I
. ....
1990-08-07 Capital Reserve Account 2.81
1990-09-05 Capital Reserve Account 3.80
1990-10-05 Capital Reserve Account 5.46
1990-11-05 Capital Reserve Account 30.30
1990-12-04 Capital Reserve Account 27.42
1991-01-03 Capital Reserve Account 24.56
1991-02-04 Capital Reserve Account 34.03
1991-03-04 Capital Reserve Account 34.73
1991-04-02 Capital Reserve Account 29.65
1991-05-01 Capital Reserve Account 25.94
1991-06-04 Capital Reserve Account 22.26
1991-07-01 Capital Reserve Account 16.47
1991-08-01 Capital Reserve Account 14.42
1991-09-03 Capital Reserve Account 9.86
1991-10-01 Capital Reserve Account 22.26
1991-11-01 Capital Reserve Account 23.20
1991-12-02 Capital Reserve Account 19.61
1992-01-02 Capital Reserve Account 16.66
1992-02-04 Capital Reserve Account 20.38
1992-03-02 Capital Reserve Account 18.62
1992-04-01 Capital Reserve Account 17.28
1992-05-01 Capital Reserve Account 11.52
1992-06-01 Capital Reserve Account 9.63
1992 -07 -01 Capital Reserve Account 8.10
1992-08-03 Capital Reserve Account 9.82
1992-09-01 Capital Reserve Account 9.41
1992-10-01 Capital Reserve Account 7.45
1992-11-02 Capital Reserve Account 3.03
-23-
US[R 127 P!,Cf 83S
".
1992-12-01 Capital Reserve Account
3.17
1993-01-04 Capital Reserve Account
7.82
8,416.43
Orhe r :
1986-11-21 Urie D. Lutz - C/TjW - Income
Cash
847.97
1989-09-13 99.374 shares Fidelity High
Yield Investments
1,266.65
17,515.85
1989-10-13 Transfer from Principal
1,178.74
1,350.00
1989-11-22 Fidelity Money Market Account
1989-12-22 Fidelity Money Market Account
1,350.00
1990-09-20 686.86 shares Fidelity High
Yie 1d Inves tments
8,393.59
1990-09-25 Internal Revenue Service
1987 Fiduciary Income Tax
Refund
363.48
1991-07-10 Transfer from Principal
287.76
1992-12-24 F1delity High Yield
Investments - Short Term
Capi tal Gain
1,173.63
1992-12-24 Fidelity High Yield
Investments - Long Term
Capi tal Gain
1,304.03
Total Receipts of Income
74,987.42
um: 127; !,rF 838
-24-
GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS/INCOME
Gain
Loss
1987-10-16 82.712 shares Fidelity Puritan
Fund Inc.
Net Proceeds
Fid. Acq. Value
Net Proceeds
Fid. Acq. Value
Net Proceeds
Fid. Acq. Value
1,153.84
1,205.94
0.00
52.10
Net Proceeds
Fid. Acq. Value
1988-06-24 2,000 shares Fidelity Money
Market Account
Net Proceeds
Fid. Acq. Value
2,000.00
2,000.00
0.00
0.00
1988-08-11 2,000 shares Fidelity Money
Market Account
2,000.00
2,000.00
0.00
0.00
Net Proceeds
Fid. Acq. Value
1988-11-22 1,200 shares Fidelity Money
Market Account
Net Proceeds
Fid. Acq. Value
1,200.00
1,200.00
0.00
0.00
1988-12-19 1,200 shares Fidelity Money
Market Account
1,200.00
1,200.00
0.00
0.00
1989-01-24 1,200 shares Fidelity Money
Market Account
1,200.00
1,200.00
0.00
0.00
1989-03-17 1,200 shares Fidelity Money
Market Account
1,200.00
1,200.00
0.00
0.00
',1',[", 1 C'";o p'r.r ';)/1 (1
" C" I. '....J;l.)
-25-
,
k:
1989-05-15 1,000 shares Fidelity Money
Marke t Account
Ne t Proceeds 1 , 000 . 00
Fid. Acq. Value 1 , 000 . 00 0.00 0.00
1989-07-24 1,000 shares Fidelity Money
Market Account
Ne t Proceeds 1,000.00
Fid. Acq. Value 1,000.00 0.00 0.00
1989-08-03 1,600 shares Fidelity Money
Market Account
Ne t Proceeds 1,600.00
Fid. Acq. Value 1,600.00 0.00 0.00
1990-11-01 369.762 shares Fidelity High
Yield Investments
Net Proceeds 4,500.00
Fid. Acq. Value 4,500.00 0.00 0.00
1991-10-10 395.564 shares Fidelity High
Yield Investments
Ne t Proceeds 5,000.00
Fid. Acq. Value 5,000.00 0.00 0.00
1993-01-19 23.908 shares Fidelity High
Yield Investments
Ne t Proceeds
Fid. Acq. Value
300.52
160.24
140.28
0.00
Total Gains and Losses/Income
Less Loss
140.28
52.10
52.10
Net Gain
88.18
~13[ r:
19"7 0'0'
..1 ....
r'ti ..
, .
..... ..L
-26-
DISBURSEMENTS OF INCOME
1987-03-31 Dauphin Deposit Bank and Trust
Co. - Commission
327.96
1987-05-13 Dauphin Deposit Bank and Trust
Co. - 1986 Fiduciary Income
Tax Return Preparation Fee
91. 00
1987-06-26 Capital Blue Cross - Insurance
Premium
219.00
1987-07-01 Dauphin Deposit Bank and Trust
Co. - Commission
310.19
1987-10-01 Dauphin Deposit Bank and Trust
Co. - Commission
280.42
1987-11-09 Capital Blue Cross - Insurance
Premium
219.00
1987-12-31 Dauphin Deposit Bank and Trust
Co. - Commission
372.59
1988-01-14 Capital Blue Cross - Insurance
Premium
266.10
1988-03-08 Virginia H. Lutz - Tuition
1988-03-31 Dauphin Deposit Bank and Trust
Co. - Commission
158.24
371.38
1988-07-01 Dauphin Deposit Bank and Trust
Co. - Commission
340.66
1988-07-26 Internal Revenue Service -
1987 Fiduciary Income Tax
74.39
1988-08-01 Capital Blue Cross - Insurance
Premium
266.10
1988-08-09 Dauphin Deposit Bank and Trust
Co. - 1987 Fiduciary Income
Tax Return Preparation Fee
91. 00
1988-09-16 Transfer to Principal
400.00
1988-10-03 Dauphin Deposit Bank and Trust
Co. - Commission
341.03
1989-01-03 Dauphin Deposit Bank and Trust
Co. - Commission
514.06
1989-02-03 Capital Blue Cross - Insurance
Premium
305.10
-27-
usn: 1 ~7 p,I,r.r 842
1992-07-01 Dauphin Deposit Bank and Trust
Co. - Commission
400.69
1992-07-24 Dauphin Deposit Bank and Trust
Co. - 1991 Fiduciary Income
Tax Return Preparation Fee
125.00
1992-10-01 Dauphin Deposit Bank and Trust
Co. - Commission
387.31
1992-10-22 Transfer to Principal
1,400.00
508.83
1993-01-04 Dauphin Deposit Bank and Trust
Co. - Commission
15,630.12
Total Disbursements of Income
15,630.12
L1~[;: J'2'7 J';r.~
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DISTRIBUTIONS OF INCOME TO BENEFICIARIES
1987-01-12 Virginia H. Lutz - Income 1,200.00
Distribution
1987-01-23 Virginia H. Lutz - Income 1,200.00
Distribution
1987-02-23 Virginia H. Lutz - Income 1,200.00
Distribution
1987-03-23 Virginia H. Lutz - Income 1,200.00
Distribution
1987-04-21 Virginia H. Lutz - Income 1,200.00
Distribution
1987-05-21 Virginia H. Lutz - Income 1,200.00
Distribution
1987-06-22 Virginia H. Lutz - Income 1,200.00
Distribution
1987-10-21 Virginia H. Lutz - Income 1,200.00
Distribution
1987-11-23 Virginia H. Lutz - Income 1,200.00
Distribution
1988-07-22 Virginia H. Lutz - Income 1,200.00
Distribution
1988-08-22 Virginia H. Lutz - Income 1,200.00
Distribution
1988-10-24 Virginia H. Lutz - Income 1,200.00
Distribution
1988-11-22 Virginia H. Lutz - Income 1,200.00
Distribution
1988-12-21 Virginia H. Lutz - Income 1,200.00
Distribution
1989-02-23 Virginia H. Lutz - Income 1,200.00
Distribution
1989-06-21 Virginia H. Lutz ... Income 1,200.00
Distribution
1989-07-21 Virginia H. Lutz - Income 1,350.00
Distribution
1989-09-21 Virginia H. Lutz - Income 1,350.00
Distribution
-30.
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1989-11-22 Virginia H. Lutz - Income
Dis tribution
1989-12-22 Virginia H. Lutz - Income
Distribution
1990-10-22 Virginia H. Lutz - Income
Distribution
1990-11-20 Virginia H. Lutz - Income
Distribution
1990-12-21 Virginia H. Lutz - Income
Distribution
1991-01-22 Virginia H. Lutz - Income
Distribution
1991-02-21 Virginia H. Lutz - Income
Distribution
1991-03-21 Virginia H. Lutz - Income
Distribution
1991-04-22 Virginia H. Lutz - Income
Dis tribution
1991-05-21 Virginia H. Lutz - Income
Distribution
1991-06-21 Virginia H. Lutz - Income
Distribution
1991-08-20 Virginia H. Lutz - Income
Dis tribution
1991-09-20 Virginia H. Lutz - Income
Distribution
1991-10-21 Virginia H. Lutz - Income
Distribution
1991-11-22 Virginia H. Lutz - Income
Distribution
1991-12-19 Virginia H. Lutz - Income
Distribution
1992-01-22 Virginia H. Lutz - Income
Distribution
1992-02-21 Virginia H. Lutz - Income
Distribution
1992-03-23 Virginia H. Lutz Income
Distribution
L13Et:
-31-
I'....
: ..,~ r'
1,350.00
1,350.00
1,550.00
1,550.00
1,550.00
1,550.00
1.550.00
1,550.00
1,550.00
r:.Gf
1,550.00
1,550.00
1,550.00
1,550.00
1,550.00
1,550.00
1,550.00
1,550.00
1,550.00
1,550.00
84G
INCOME BALANCE ON HAND
Current
Value
01/20/93
Fiduciary
Acquisition
Value
Cash:
Uninvested
Capital Reserve Account
45.48
3,900,00
45.48
3,900,00
------------ ------------
3,945.48 3,945.48
-------- ---- --
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848
.33.
INfORMATION SCHEDULES--INCOME
Inves tments Made:
1987-09-30 82.712 shares Fidelity Puritsn 1,205.94
Fund Inc.
1987-12-09 61.36 shares Fidelity Money 61. 36
Market Account
1987-12-10 476.88 shares Fidelity Money 476.88
Market Account
1988-02-24 556.7 shares Fidelity Money 556.70
Marke t Account
1988-02-24 646.64 shares Fidelity Money 646.64
Msrket Account
1988-03-14 584.86 shares Fidelity Money 584.86
Market Account
1988-04-13 613.33 shares Fidelity Money 613.33
Market Account
1988-05-10 595.61 shares Fidelity Money 595.61
Market Account
1988-06-14 636.45 shares Fidelity Money 636.45
Market Account
1988-07-13 621.35 shares Fidelity Money 621.35
Market Account
1988-08-09 654.93 shares Fidelity Money 654.93
Market Account
1988-09-14 709.15 shares Fidelity Money 709.15
Market Account
1988-10-28 695.69 shares Fidelity Money 695.69
Market Account
1988-11-23 730.02 shares Fidelity Money 730.02
Market Account
1989-01-20 703.23 shares Fidelity Money 703.23
Market Account
~989-02-10 777.13 shares Fidelity Money 777.13
Market Account
1989-02-23 749.59 shares Fidelity Money 749.59
Market Account
.34-
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1989-03-21 723.01 shares Fidelity Money 723.01
Market Account
1989-04-25 864.25 shares Fidelity Money 864.25
Market Account
1989-05-17 848.4 shares Fidelity Money 848.40
Market Account
1989-06-14 879.56 shares Fidelity Money 879.56
Market Account
1989-07-27 798.84 shares Fidelity Money 798.84
Market Account
U,lt: 1'n ?!N 850
-35-
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AFFIDAVIT
David E. Lutz and Dauphin Deposit Bank and Trust Company, Trustees
Under the Will of URIE D. LUTZ, deceased, hereby declares under
oath that said Trustees have fully and faithfully discharged the duties
of their office: that the foregoing Account is true and correct, and
fully discloses all significant transactions occurring during the
accounting period; that all known claims against the Trust have been
paid in full: that, to their knowledge, there are no claims now
outstanding against the T.ust; and that all taxes presently due from
the Trust have been paid.
'.
//h> A~
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Dauphin Deposit B and Trust
Company
and sworn to by
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before me this 1.L..t day of O"'HI/.~r199l
(I
0.<1"<1- 11 c:,"'i1/J'7'ltZl1.
v' , Notary Public
NOTARIAL SEAl
PEGGY B. CORNMAN, Notary Public
Clltlida, CumbC'flDnd CO:.J!'\tv
My Comminion Expire, Fob. 13. '995
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all other articles of household or perGonal UBC or adornment and
all pol icies of insur4nco thereon. If I do not predecease my
wife, I mako said bequest to my 60n, DAVID E. LUTZ.
ITEM IV,
If I prcd~c~asc my wife, HELEN B.
LUTZ, I give and bequeath the sum of ONE THOUSAND ($1,000.00)
DOLlARS to my nicce, IIELEN CARL, if she sutvives me.
ITEM V.
If I predecease my wife, HELEN B.
Ll1I'Z, I give and bequeath the sum of ONE THOUSAND ($1,000.00)
DOLLARS to my nicce, HARTHA CARL RATCLIFF, if she survives me.
ITEM VI:
If I predecease my wife, HELEN 8.
.
Ll1I'Z, I give and bequeath the sum of FIFTY THOUSAND ($50,000. DO)
DOLlARS to my niece, JEAN l'/ATT5 ZIMMERMAN, if she survives me.
1TEM VII:
If I predecease my wife, HELEN 8.
,
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LUTZ, I give and bequ~at~ the sum of ONE THOUSAND ($1,000.00)
DOLLARS to the UNITED CHURCH OF CHRIST, Carlisle, Pennsylvania.
., ." " .
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ITEM VIII:
If I predecease my wife, HELEN B.
LUTZ, I give, devise and bequeath unto my wife, HELEN B. LUTZ, and
my son, DAVID E. LUTZ, as Trustees (hereinafter collectively re-
ferred to as "Trustee-), 'an amount, free of all taxes, equal to
the maximum.~arital deduction allowable to my estate fortederal
estate tax purPoses, reduced .by .the aggregate marital deduction
allowable for federal estate tax purposes for other property or
interests that pass or shall have passed to my spouse otherwise
than under this clause and that qualify for the said marital,
deductionl 'and"further,reduccd by an amount, if any,: nceded'to
increase my taxable estate to the largest amount that, after
allowing for the unified credit and any other credits available to
Page 2 of H
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my estate. will result in the imposition of no federal estate tax.
IN TRUST NEVERTHELESS. for ~he following uses and purposes.
.
Ca.) The Trustee shall have, hold, manage, invest
and reinvest the same, collect the ineone, and, begin-
ning at my death, pay over the net i"cane in quarterly
installments to my wife, HELEN B. LUTZ, during her
lifetime. The Trustee shall also, from time to time,
pay to my wife such amounts of principal of this Trust
as the Trustee deems necessary for the proper support,
maintenance and medical care of my wife.
(b) Upon the death of my wi fe. during the con-
tinued existence of this Trust, my Trustee shall convey
and pay OVer all of the remaining assets, whether
corpus or ineone, to or for the benefit of such person
or persons or corporation or cOrporations, or the
estate of said wife" in such amounts or proportions,
ar.d in such lawful interests or estates, whether
.~
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_.."_a~_e:! ,?~.i;n ,tF!J~.t,l ~~ my wife may have directed,
either by instrument filed with the Trustee during her
lifetime exercising this Power of 'Appointment. or by
her Last Will and Testament. This Power of Appointment
shall be exercisable 'by my wife alone and in all events.
If the a.bove' Power of Appointment is for any reason' ndt
validly exercised. by my vife 'in'whole or in part during
her lifetime or in her Last Will and Testament,. then
upon her'death such portion .or all of the principal of
this Trust or such interests, and. estates therein as'
shall not bave been validly appointed ,by her, shall be
added to. the .asset. governed by ITEM IX of this Will.
.
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Page J.of 15
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(c) Only pro~erty which is fully eligible for tho
marital deduction under the fader41 estate tax law
.
shall be assigned to this Trust. notwi thstanding
anything to the contrary contained in this Will, the
Trustee of this Trust shall not retain beyond a rea-
,sonable time any property which may at any time be or
became unproductive, nor shall they invest in unpro-
ductive property. Assets which do not qualify for the
marital deduction shall not be placed in this Trust.
To the extent also that other assets qualifying for the
marital deduction are available, this bequest shall not
be satisfied by the distribution of: (a) assets with
respect to which a credit for foreign taxes paid is
allowable under the Internal Revenue Code; (b) assets
which may be subject to both income and estate taxes
and which may be eligible for a credit or deduction; or
(e) United States Treasury bonds eligible for redemp-
tion at par in paym~nt of federal estate taxes.
"
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ld) I.~,~?,-.w,i~~ "s~ouJd not ,survive me, then the
provisions of this Item shall be void, and the part of
my estate which would have constituted the foregoing
Trust shall become part of my residuary estate disposed
of in ITEM IX of this my Last Will and Testament.
0' '.
f ITEM 'IX, . I give, devise arid 'bequeath all
the rest, residue and remainder of my estate, not disposed of in
the preceding porti'ons'of this ~1ill, 'to. my wife~ 'HELEna; LUTZ,
and to my son, D~VID E. LOTZ;'as' Trustees (herein collectively
referred..to 'aB l""Trust:ee"),' IN ,.!1'RUST' NEVERTHELESS,' .for 'the'follow-
ing uses' and p1.rposeBe','~.. . ;':,";4
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la) The Trustee shall pay the net incane arising
frOll the principal of this Trust in quarterly install-
r.lents to my wife, HELEN B. LUTZ, and the issue of my
son, DAVID E. LUTZ, living at the tlJne of each distri-
bution, in such amounts and in such proportions as my
son, DAVID E. LUTZ t acting as a Trustee shall dete.r-,
mine.
(bl The. Trustee shall also pay over so much of
the principal of this Trust as shall be necesary in the
sole discretion of my son, DAVID E. LUTZ, as Trustee
for the proper supp:>rt, maintenance and wel fare of my
wife, HELEN E. LUTZ, and the issue of my son, DAVID E.
LUTZ.
(c) In determining the amount of net incc:me, if
any, to be distributed to any beneficiary hereunder,
and in exercising his discretion to distribute principal,
my son as Trustee is authorized to make distributions
in such P~QPQJ:tiQn!,. .... ,he. shall. deem advisable in his,_ .
absolute discretion, regardless of whether any distribu-
tion shall be equal to any other aistribution or wh'ether
~ll of such net incane may be distributed to one or
more of the beneficiaries and none to others.
(d)
Dpon'the death of my wife, HELEN B. LUTZ, ,or
upon my'de~th if. she 'pred~ceases me, the Trustee shall
divide the principal' of this Trust as follows I
.,
"1, l\ny. shares' of stock in Daily. Indus- ';"
tries, Inc.., shall be paid to my son, DAVID E.
LlIrZ, if he is then living.
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2. The b.l.nce of the princip.l shall
be divided .s follows:
.
(i) Twenty-five (25\) percent of the
remaining principal shall be paid to my
son, DAVID E. LUTZ, if he is then living.
If he is not then living, his share shall
be divided equally between the shares set
aside for his children.
(ii) Twenty-seven and one-half (27.5'1
percent of the remaining principal shall be
held in further trust for my grandson,
DAVID WILLIAM LUTZ. or his issue.
(iii) Twenty-seven and one-half (27.5\)
percent of the remaining pr incipal shall be
held in further trust for my granddaughter,
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VIRGINIA LUTZ, or her issue.
". "
(iv)
Twenty (20\) percent shall be-~ici--
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to the PROGRESS FOUNDATION, carlisle, Penn-
sylvania.
,:~
3. ~ny individual beneficiaIY'may renounce
his or her share. "In'the event of such renunciation,
,/
the amount otherwise payable to such beneficiary
sh.ll thencbe added to the share of the PROGRESS
(
".1
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FOUl/DATION.
. .,
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(e) In oach Trust thus established for a then
.
living child of, DAVID' E.. LUTZ, the Trustee- sh.ll quar-
terly pay to or for the benefit. of such child .11 of
.l
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p.ge 6 of 15
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the income and so much of the principal of said Trust
as, in the discretion of the Trustee, may be necessary
to maintain such child in the proper station in Ii fe,
including proper support, maintenance, medical care and
college or higher education.
Opon such child's "ttaining the age of thirty-
five (35) years, the Trustee shall pay to such child
_li""tlhlrd\l'ft13 )<Iof..the..then..pdri'cl.pa'i';....' iiP;;~" such~
child's attaining the age of forty (40) years, the
Trustee shall pay to such child one-half (1/2) of the
then principal. Upon such child's attaining the age of
forty-five (45) years, the Trustee shall pay to such
child the balance of the then pr incipal.
Should such child die before final distribution
of the assets of said Trust, but be survived by then
living issue, the Trustee shall quarterly pay the net
in cane from said Trust to or for the benefit of said
issue, per stirpes, living at the time of quarterly
distribution; as soon as anyone of said issue attains
the age of twenty-one (21) years, and in no event later
than twenty (20) years following the death of such
child, the Trustee shall pay over all of the then
assets in the Trust to the then living issue of such'
deceased child, per stirpes. Should such child die
before final distribution ~nd not be survived by then
living issue, the provisions of subparagraph (g) herein
shall obtain.
(f) Xn each Trust established for the benefit of
the IolNe of a deceased child of DAVID E. LUTZ, the
Page 7 of 15
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Trustee shall quarterly pay the net income to or for
the benefit of the issue of such deceased child, per
stirpes, living at each tilne of quarterly distribution;
as soon as anyone of said issue atta ins the age of
twenty-one (21) years, and in no event later than
twenty. (20) years following the death of the survivor
of my wife or myself the Trustee shall pay over all of
. the then assets in the Trust to the then living issue
of such deceased child, per stirpes.
(g) If at any tilne before final distribution of
the assets of any of the Trusts established for the
children of DAVID E. LUTZ or issue of any deceased
children of DAVID E. LUTZ, there are no living bene-
ficiaries of said Trust, the Trust shall terminate, and
its assets shall be added to the other then exi stent
Trust created herein for the benefit of the children of
DAVID E. LUTZ or their issue. Provided, that if any of
said Trusts herein created has previously been terminated
by payment of its ,pr incipal to its beneficiareis, said
beneficiaries who received payment of the pr incipal of
that Trust shall collectively be considered an "existent
Trust" for the purpose of this paragraph, and one equal
share shall be paid directly to such beneficiaries in
the same proportion by which they received the princIpal
of t~e ~, or, if deceased, t,o their issue, per
stirpes. If there are no existent Trusts, the principal
shall be paid as follows:
1. Fifteen (15') percent to UNITED
CHURCa OP CHRIST, Carlisle, Pennsylvania.
Page 8 'ot 15
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because of the nonexistence of said organiza-
tion at the time tha~ said bequest is intended
by this Will to vest, or because of any other
reason, then this legacy shall be added and
given to the legacy of DICKINSON COLLEGE,
above provided, thereby, in such eventuali ty,
increasing the proportion given to DICKINSON
COLLEGE to twenty-five 125\) percent.
7. Five (5\) percent to CARLISLE 1I0SPITlIL
of Carlisle, pennsylvania, to be used for the
pIlIposes for ..hich it was incorporated.
8. Five (5\) percent to SYRACUSE UNIVERSITY,
Syracuse, New York, to be used for the purposes
for which it was incorporated.
ITEI! X: No part of the income or pr inci-
pal of the property held under these Trusts shall be subject to
attachment, levy or seizure by any creditor, sp:mse, assignee or
trustee or receiver in bankruptcy of any beneficiary prior to his
or her actual receipt thereof. The T:ustee shall pay over the net
income and the principal to the parties herein designated, as
their interests may appear, ..ithout regard to any attempted
anticipation, pledging or assignment by any beneficiary under a
Trust, and without regard to any claim thereto or attempted levy,
attachment, seizure oX' other process against said beneficiary.
ITEI! XI: In the settlement of my estate and
during tha continuance of the foregoing Trusts, my Executor and my
Trustee shall possess, among others, the following powers:
pag.. 10 of 15
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hereunder, resign as such Trustees or Executors by delivering
their written 'resignation to the DAUPHlll DEPOSIT BANK AND TRUST
CQo\PANY, of Harrisburg and Carlisle, pennsylvania. hi:l"the. eve,:,t .
,-~.~"'I'ii:i.'~'fu"1al or inability to act, or resignation or
renoval of either my said wife or my son as Trustees or Executors
hereunder, 'th'en'lllr~herebY ncrninate and:appoin.~,.the DAOPI!It.,l DEPOSIT
"tBAllltrAND.(TROS'r...COHPANY of Harrisburg and carlisle, pennsylvania,
. .. ."
ta.,,;.S~'cce's'iio'i'Pl'rusJ.ee or 'or.ruste'e. in my said~e's '1r so.n's place
and stead with the same rights, titles and powers, and in the
event both my wife and son shall be unable or unwilling to act as
Trustees or Executors, then the said DAUPHIN DEPOSIT BANK AND
TRUST COI~PANY, of Harrisburg and carlisle, pennsylvania, shall act
as Sole Trustee or Executor.) In the event of the resignation,
refusal or inability of the DAUPHIN DEPOSIT BANK AND TRUST COMPANY
of Harrisburg and Carlisle, pennsylvania, to act hereunder, a
majority in interest of the adult beneficiaries who are then
entitled to the inc,,"e frem the Trust Estate may appoint a suc-
cessor Trustee to administer the Trust Estate. subject to the
provisions hereof, any such successor trustee shall be clothed and
vested with all the duties, rights, titles and powers, whether
discretionary or otherwise, as if originallY named as trustee,. No
successor trustee shall be liable or responsible in any way for
any acts or defaults of any predecessor trustee nor for any loss
or expense frem or occasioned by anything done or neglected to be
done by any predecessor trustee, but such successor trustee shall
be liable only for his or its own acts and defaults in respect to
property actually received by him or it as such trusteel the
successor trustee may accept the account rendered and the assets
and property delivered to him or it by the predecessor trustee as
a full and complete discharge to the predecessor trustee, and
page 14 of 15
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IN THE COURT OF COMMON PLEAS OF CUMBERI.<\ND COUNTY, PENNSYLVANIA
ORPHANS' COURT DIVISION
FIRST AND FINAL ACCOUNT
for Trust Under the Yil1 of Urie D. Lutz, Deceased
f/b/o David W. Lutz
Stated by David E. Lutz and
Dauphin Deposit Bank and Trust Company, Trustees
Date of Trustees' first receipt of funds
Accounting Stated for the Period:
September 26, 1986
September 26, 1986 to
January 6, 1993
Purpose of Account: The Trustee offers this account to acquaint
interested parties with the transactions that have occurred during
its administration of the Trust.
It is importaut that the account be carefully examined. Requests
for additional information or questions or objections can be
discussed with:
Dauphin Deposit Bank and Trust Company
2 West High Street
Carlisle, PA 17013
1-800-432-7994
. ,M ,,"-, i.'.'.:',P '~,(-,~
LE': '. L:' i " ~,_,
,
, ,.
..
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"
PRINCIPAL
Receipts: Balsnce of Prior Account
This Account
Page
Net Gain (or Loss) on Sales or Other Disposition/Principal
0,00
294,295,79 3-4
20,892.32 5-6
315,188,11
Less: General Disbursements
Fees
76,697.56
0.00
7
76,697,56
Balance before Distributions
Distrib. to Beneficiaries
238,490.55
167,732.60
8
Principal Balance on Hand 70,757,95 9
For Information:
Investments Made 10
Changes in Investment Holdings 10
INCOME
Receipts: Balance of Prior Account
This Account
Income Balance on Hand
0.00
55,751. 57 11-21
0.00
....----..............
55,751. 57
7,439.38 22-23
------..-..----
48,312.19
48,163,80 24-27
----..--------
148.39 28
70, 906 , 34
--
Net Gain (or Loss) on Sales or Other Disposition/Income
Less: Disbursements
Balance Before Distribution
Distributions to Beneficiaries
Combined Balance on Hand
L1~~r: 1-'::7 ?'/'f. 786
-2-
"'" '..
1986-10-03 1,320 shares Farley Northwest
Industries Inc., Pfd. received
from Merger with Northwest
Industries
31,020.00
1986-10-03 660 shares Lone Star
Technologies Inc. received
from Merger with Northwest
Industries
5,454.90
1986-11-17 Urie D, Lutz C/T/W - 96 shares
Farley Northwest Industries
Inc., Pfd.
2,256.00
1988-10-28 Urie D. Lutz C/T/W - 711
shares American Telephone and
Telegraph
19,730,25
------............-..
252,087,49
---------.........
Total Receipts of Principal
294,295,79
-------
1.1'."'"" '.1 ~r,i "I"~ I"',QQ
.'~ I ,,",. I f_,'J
-4-
, .~ ,
..
GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS/PRINCIPAL
Gain Loss
1986-11-04 453 shares Deere & Co,
Net Proceeds 10,384.71
Fid. Acq. Value 13,596,00 0.00 3,211,29
1986-11-21 550 shares Rockwell
International Corp,
Net Proceeds 22,931. 55
Fid, Acq. Value 25,437.50 0.00 2,505,95
1986-12-08 74 shares Rockwell
International Corp., Pfd.
Net Proceeds 30,807.28
Fid. Acq. Value 32,307.00 0,00 1,499.72
1987-01-23 ,79 share Farley Northwest
Industries Inc., Pfd,
Net Proceeds 19.16
Fid. Acq. Value 17.96 1. 20 0.00
1987-02-12 500 shares Carlisle Corp.
Net Proceeds 17,711. 90
Fid. Acq. Value 17,875,00 0.00 163.10
1987-03-11 .5 share Be1lsouth Corp.
Net Proceeds 21. 52
Fid. Acq. Value 18.33 3,19 0.00
1987-04-14 1463 shares Farley Northwest
Industries Inc., Pfd,
Net Proceeds 36,575.00
Fid. Acq. Value 33,258.04 3,316.96 0.00
1987-06-08 200 shares Carlisle Corp.
Ne t Proceeds 7,084.76
Fid. Acq. Value 7,150.00 0.00 65,24
-5-
1 qt-.: PAr:" 78""
USER ..t:.1 ...:r. ,;)
.'
;
,
, c ,
, .
..
1987-06-08 660 shares Lone Star
Technologies Inc.
Ne t Proceeds 9,240,00
Fid, Acq, Value 5,454.90 3,785.10 0.00
1987-06-08 348 shares Union Pacific Corp,
Net Proceeds 24,390.49
Fid. Acq, Value 18,292.31 6,098.18 0.00
1989-05-16 200 shares Carlisle Corp.
Ne t Proceeds 8,199.72
Fid. Acq. Value 7,150.00 1,049.72 0.00
1989-05-19 35 shares Carlisle Corp.
Net Proceeds 1,448,96
Fid. Acq. Value 1,251.25 197.71 0,00
1989-09-05 1,082 shares American
Telephone and Telegraph
Net Proceeds 42,764.61
Fid. Acq. Value 28,879.05 13,885.56 0.00
Total Gains and Losses/Principal
Less Loss
28,337,62
7,445.30
7,445.30
Net Gain
~---.._-.._-.._-
20,892.32
-
l"[P. j .'27 [',m '7~O
-6-
.'
,
..
~
, ..
..
DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES
1986-10-29 David W, Lutz - Principal 1,000.00
Distribution
1986-12-31 David W. Lutz - Principal 40,842.49
Distribution
1990-01-09 David W. Lutz - Principal 125,890.11
Distribution .....-----...---...
Total Distributions of Principal
L1~[~: 1?7 ?I,~E 792
-8-
167,732.60
167,732,60
--
~I
\
, \.
. .
PRINCIPAL BALANCE ON HAND
Cash:
Uninvested
Capital Reserve Account
Securities:
......-...........--
220 shares Ameritech
292 shares Bell Atlantic Corp.
328 shares Bellsouth Corp.
200 shares Exxon COrp,
146 shares Nynex Corp.
292 shares Pacific Telesis Group
219 shares Southwestern Bell Corp,
292 shares U,S, West Inc,
:J~: ~,
.1 (~"~,' '11'
"" ,.::
.9.
Current
Value
01/06/93
85,07
400,00
15,675,00
14,965,00
16,851,00
12,225,00
12,245.75
12,957,50
16,206,00
11,205,50
Fiduciary
Acquisition
Value
85.07
400.00
9,127.74
9,308.34
12,023.99
8,825,00
9,162.04
7,296.71
7,104,33
7,424.73
.........--.......-- --..-....-....--..
112,815.82 70,757.95
-------- -- ----
....,0..'
I ,_'t.J
ii
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.._,._;~,4~~~.
. '.,
,
t.
INFORMATION SCHEDULES--PRINCIPAL
Investments Made:
1987-02-05 ,5 share Ameritech
48.00
1989-09-12 200 shares Exxon Corporation
8,825.00
Changes in Investment Holdings:
1986-12-24 47,79 shares Farley Northwest
Industries Inc., Pfd.,
received as stock dividend
0.00
1987-01-27 36,5 shares Ameritech,
received as 3 for 2 stock
split
0.00
1987-02-24 109,5 shares Bellsouth Corp.,
received 3 for 2 stock split
0.00
1987-03-26 146 shares Pacific Telesis
Group, received as 2 for 1
stock split
0.00
1987-05-27 146 shares Southwestern Bell
Corp" received as 3 for 1
stock split
0.00
1989-01-26 110 shares Ameritech, received
as 2 for 1 stock split
0.00
1990-05-09 146 shares Bell Atlantic
Corp., received as 2 for 1
stock split
0,00
1990-05-11 146 shares U.S. West Inc.
0.00
.1.....~! ':q-:r
usu: . .~! . ,l ~ ~
'7 or!,
I 0..)..
-10-
l
, '.
RECEIPTS OF INCOME
Dividends:
1986-11-03 Bellsouth Corp,
1986-11-03 Southwestern Bell Corp.
1986-11-04 Pacific Telesis Group
1986-11-04 U.S. West Inc,
1986-12-02 Carlisle Corp,
1986-12-09 Rockwell International Corp.
1987-01-02 Rockwell International Corp.,
Pfd,
1987-01-05 Union Pacific Corp.
1987-02-02 8el1 Atlantic Corp.
1987-02-02 Southwestern Bell Corp,
1987-02-03 Ameritech
1987-02-03 Americen Telephone and
Telegraph
1987-02-03 Bellsouth Corp,
1987-02-03 Nynex Corporation
1987-02-03 Pacific Telesis Group
1987-02-03 U.S. West Inc.
1987-03-02 Carlisle Corp.
1987-04-02 Union Pacific Corp.
1987-04-14 Farley Northwest Industries
Inc., pfd.
1987-05-04 Ameritech
1987 -05-04 American Telephone and
Telegraph
1987 -05-04 Bell Atlantic Corp.
1987-05-04 Be11south Corp,
1987-05-04 Nynex Corporation
-11-
.. 1)'-,.' :"r.. "-/'!'-~~
l1~H~ .1.... I.h', .) ~
166.44
116.80
110 , 96
110.96
257,13
165.00
87.88
174,00
131. 40
116.80
136.88
111.30
166.44
127,02
110.96
110.96
119,63
174,00
1,119,24
137.50
Ill. 30
140.16
180.40
138.70
"
"/'l!i.::
."~';
::;?ffi~.
'.
1987-05-04 Pacific Telesis Group
1987-05-04 Southwestern Bell corp,
1987-05-04 U,S. West Inc.
1987-06-02 Carlisle Corp.
1987-07-06 Dauphin Deposit Bank and Trust
Co, - Lost Dividend Checks
1987-08-03 Ameritech
1987-08-03 American Telephone and
Telegraph
1987-08-03 Bell Atlantic Corp.
1987-08-03 Bellsouth Corp,
1987-08-03 Southwestern Bell Corp,
1987-08-04 Nynex Corporation
1987 -08-04 Pacific Telesis Group
1987-08-04 U,S, West Inc.
1987-09-02 Carlisle Corp.
1987-09-02 Market Square Cash Manager 1
1987-11-02 Be11south Corp.
1987-11-02 Southwestern Bell Corp,
1987-11-03 Ameritech
1987-11-03 American Telephone and
Telegraph
1987 -11-03 Be11south Corp,
1987-11-03 Nynex Corporation
1987-11-03 Pacific Telesis Group
1987 -11-03 U.S. West Inc.
1987-12-02 Carlisle Corp,
1988-02-01 Ameritech
1988-02-01 American Telephone and
Telegraph
-17-
,......- I" .,n
LI"" 1, roo,".r 7',0
'JLt. . ./"_ r ,I.> '-
119.72
127.02
119.72
119,63
221. 54
137,50
111. 30
140.16
180,40
127,02
138,70
119,72
119,72
65.80
510.55
140.16
127.02
137.50
111. 30
180,40
138.70
119.72
119.72
65.80
148.50
111. 30
, ,.
.
1988-11-02 American Telephone and 111.30
Telegraph
1988-11-02 Bell Atlantic Corp. 148.92
1988-11-02 Bellsouth Corp. 193.52
1988 -11-02 Nynex Corporation 147.46
1988-11-02 Pacific Telesis Group 128,48
1988-11-02 Southwestern Bell Corp. 135.78
1988 -11-02 U,S, West Inc, 128,48
1988 -12 -02 Carlisle Corp, 68,15
1989-02-01 Pacific Telesis Group 128.48
1989-02-02 Ameritech 160.60
1989-02-02 American Telephone and 324.60
Telegraph
1989-02-02 Bell Atlantic Corp. 148,92
1989-02-02 Bellsouth Corp. 193,52
1989-02-02 Nynex Corporation 147.46
1989-02-02 Southwestern Bell Corp. 135.78
1989-02-02 U.S. West Inc. 128.48
1989-03-02 Carlisle Corp. 68,15
1989-05-02 Ameritech 160,60
1989-05-02 American Telephone and 324.60
Telegraph
1989-05-02 Bell Atlantic Corp. 160,60
1989-05-02 Bellsouth Corp. 206,64
1989-05-02 Nynex Corporation 159,14
1989-05-02 Pacific Telesis Group 137.24
1989-05-02 Southwestern Bell Corp. 142.35
1989-05-02 U.S. West Inc, 137.24
1989-06-02 Carlisle Corp. 68.15
-14-
L1BlR ...r:..'7 :Hrr '798
1."';'.. .,1.'
. '.
. ,
,
,.
1989-08-02 Ameri tech 160.60
1989-08-02 American Telephone and 324.60
Telegraph
1989-08-02 Bell Atlantic Corp. 160.60
1989-08-02 Bellsouth Corp. 206,64
1989-08-02 Nynex Corporation 159.14
1989-08-02 Pacific Telesis Group 137,24
1989-08-02 Southwestern Bell Corp. 142,35
1989-08-02 U,5, West Inc, 137.24
1989-11-02 Ameri tech 160,60
1989-11-02 Bell Atlantic Corp, 160,60
1989-11-02 Bellsouth Corp. 206.64
1989-11-02 Nynex Corporation 159,14
1989-11-02 Pacific Telesis Group 137.24
1989-11-02 Southwestern Bell Corp. 142.35
1989-11-02 U.S, West Inc. 13 7.24
1989-12-12 Exxon Corporation 120,00
1990-02-02 Ameri tech 173.80
1990-02-02 Bell Atlantic Corp. 160.60
1990-02-02 Bellsouth Corp. 206.64
1990-02-02 Nynex Corporation 159.14
1990-02-02 Pacific Telesis Group 137,24
1990-02-02 Southwestern Bell Corp, 142.35
1990-02-02 U.S, West Inc. 13 7.24
1990-03-14 Exxon Corporation 120,00
1990-05-02 Ameri tech 173.80
1990-05-02 Bell Atlantic Corp, 172.28
1990-05-02 Bellsouth Corp, 219,76
-15-
~ 20-" "f.' '70~1
ll~E~ .L I ,....t .:JeJ
1990-05-02 Nynex Corporation 166.44
1990-05-02 Pacific Telesis Group 147.46
1990-05-02 Southwestern Bell Corp. 151.11
1990-05-10 U.S. West Inc. 146.00
1990-06-12 Exxon Corporation 120.00
1990-08-02 Ameritech 173.80
1990-08-02 Bell Atlantic Corp. 172.28
1990-08-02 Be11south Corp. 219.76
1990-08-02 Nynex Corporation 166,44
1990-08-02 Pacific Telesis Group 147.46
1990-08-02 Southwestern Bell Corp. 151.11
1990-08-02 U.S. West Inc. 146.00
1990-09-11 Exxon Corporation 120.00
1990-11-02 Ameritech 173,80
1990-11-02 Bell Atlantic Corp. 172.28
1990-11-02 Be11south Corp. 219.76
1990-11-02 Nynex Corporation 166.44
1990-11-02 Pacific Telesis Group 147.46
1990-11-02 Southwestern Bell Corp. 151.11
1990-11-02 U.S, West Inc, 146,00
1990-12-11 Exxon Corporation 134,00
1991-02-04 Ameritech 187 , 00
1991-02-04 Be11south Corp. 172.28
1991-02-04 Be11south Corp. 219,76
1991-02-04 Nynex Corporation 166,44
1991-02-04 Pacific Telesis Group 147.46
1991-02-04 Southwestern Bell Corp. 151. 11
1991-02-04 U.S. West Inc. 146,00
-16-
L13tr: j....? . ":'0
.~ p.,for ~)\..'
. "
.
.'
1991-03-11 Exxon Corporation 134.00
1991-05-01 Ameritech 187,00
1991-05-01 Bell Atlantic Corp. 183.96
1991-05-01 Bellsouth Corp. 226.32
1991-05-01 Nynex Corporation 166.44
1991-05-01 Pacific Telesis Group 156.22
1991-05-01 Southwestern Bell Corp. 155.49
1991-05-01 U.S. West Inc. 151. 84
1991-06-10 Exxon Corporation 134.00
1991-08-01 Ameritech 187.00
1991-08-01 Bell Atlantic Corp. 183.96
1991-08-01 Bellsouth Corp. 226. 32
1991-08-01 Nynex Corporation 166,44
1991-08-01 Pacific Telesis Group 156.22
1991-08-01 Southwestern Bell Corp. 155.49
1991-08-01 U,S. West Inc. 151. 84
1991-09-10 Exxon Corporation 134.00
1991-11-01 Ameritech 187.00
1991-11-01 Bell Atlantic Corp. 183.96
1991-11-01 Bellsouth Corp. 226.32
1991-11-01 Nynex Corporation 166 ,44
1991-11-01 Pacific Telesis Group 156,22
1991-11-01 Southwestern Bell Corp. 155.49
1991-11-01 U.S. West Inc, 151. 84
1991-12-10 Exxon Corporation 134.00
1992-02-03 Ameritech 193.60
1992-02-03 Bell Atlantic Corp. 183.96
1992-02-03 Bellsouth Corp. 226.32
-17- 80i
j ".-) rHr,'"
USER ._~I i...t
1992-02-03 Nynex Corporation 166.44
1992-02-03 Pacific Telesis Group 156.22
1992-02-03 Southwestern Bell Corp. 155.49
1992-02-03 U,S, West Inc, 151. 84
1992-03-10 Exxon Corporation 134.00
1992-05.01 Ameritech 193.60
1992-05.01 Bell Atlantic Corp. 189.80
1992-05.01 Bellsouth Corp, 226.32
1992-05-01 Nynex Corporation 169.36
1992-05-01 Pacific Telesis Group 159 _ 14
1992-05-01 Southwestern Bell Corp, 159.87
1992-05-01 U,S, West Inc, 154 _ 76
1992-06-10 Exxon Corporation 144.00
1992-08.03 Ameritech 193.60
1992-08-03 Bell Atlantic Corp. 189.80
1992-08.03 Bellsouth Corp. 226.32
1992-08.03 Nynex Corporation 169,36
1992-08.03 Pacific Telesis Group 159 .14
1992-08.03 Southwestern Bell Corp. 159.87
1992-08.03 U.S. West Inc. 154.76
1992-09.10 Exxon Corporation 144.00
1992-11.02 Ameritech 193.60
1992-11.02 Bell Atlantic Corp. 189.80
1992-11.02 Bellsouth Corp. 226.32
1992-11-02 Nynex Corporation 169.36
1992-11.02 Pacific Telesis Group 159.14
1992-11.02 Southwestern Bell Corp. 159.87
1992-11-02 U,S. West Inc. 154.76
-18.
L1BH: 12.7 p~Gr 802
1992-12-10 Exxon Corporation 144.00
.........O'............ - 34,787.21
Interest:
1986-11-05 Market Square Cash Manager 1 7.72
1986-12-02 Market Square Cash Manager 1 75,85
1987-01-05 Market Square Cash Manager 1 279.04
1987-02-02 Market Square Cash Manager 1 124.59
1987-03-03 Market Square Cash Manager 1 117.05
1987-04-03 Market Square Cash Manager 1 112.16
1987-05-04 Market Square Cash Manager 1 194.13
1987-06-03 Market Square Cash Manager 1 290.91
1987-07-03 Market Square Cash Manager 1 351.33
1987-08-03 Market Square Cash Manager 1 500.28
1987-10-01 Market Square Cash Manager 1 515.43
1987-11-02 Market Square Cash Manager 1 550.35
1987-12-02 Market Square Cash Manager 1 488,47
1988-01-04 Market Square Cash Manager 1 526,15
1988-02-01 Market Square Cash Manager 1 519.32
1988-03-02 Market Square Cash Manager 1 469,42
1988-04-04 Market Square Cash Manager 1 494.78
1988-05-03 Market Square Cash Manager 1 461. 35
1988-07-01 Market Square Cash Manager 1 502 . 25
1988-08-01 Market Square Cash Manager 1 540.09
1988-09-01 Market Square Cash Manager 1 572,05
1988-10-03 Market Square Cash Manager 1 562,44
1988-11-04 Market Square Cash Manager 1 587.47
1988-12-05 Market Square Cash Manager 1 586.61
1989-01-06 Market Square Cash Manager 1 634.80
-19-
L13H: .t,~7 ,"'.r.r 803
..... 1...I!l
1989-02-06 Market Square Cash Manager 1 650.27
1989-03-02 Market Square Cash Manager 1 605.30
1989-04-05 Market Square Cash Manager 1 711. 40
1989-05-03 Market Square Cash Manager 1 694.34
1989-06-05 Market Square Cash Manager 1 750,43
1989-07-06 Market Square Cash Manager 1 548,98
1989-07-07 Capital Reserve Account 202.88
1989-08-03 Capital Reserve Account 776,51
1989-09-07 Capital Reserve Account 748.49
1989-10-04 Capital Reserve Account 890.36
1989-11-06 Capital Reserve Account 997.48
1989-12-06 Capital Reserve Account 919.04
1990-01-08 Capital Reserve Account 869.78
1990-02-05 Capital Reserve Account 385.84
1990-03-08 Capital Reserve Account 73.81
1990-04-04 Capital Reserve Account 74,81
1990-05-02 Capital Reserve Account 25.50
1990-06-04 Capital Reserve Account 6.46
1990-07-03 Capital Reserve Account 3.72
1990-08-03 Capital Reserve Account 4.03
1990-09-05 Capital Reserve Account 6.40
1990-10-05 Capital Reserve Account 3,56
1990-11-05 Capital Reserve Account 4.05
1990-12-04 Capital Reserve Account 5,98
1991-01-03 Capital Reserve Account 3.81
1991-02-04 Capital Reserve Account 3,62
1991-03-04 Capital Reserve Account 5.21
1991-04-02 Capital Reserve Account 3,01
-20-
L13[r: 11)""" ;:l1r:F 80'1
. .l...' 1.1_'
'.
1991-05-01 Capital Reserve Account 3.13
1991-06-04 Capital Reserve Account 5.47
1991-07-01 Capital Reserve Account 2.64
1991-08-01 Capital Reserve Account 2,97
1991-09-03 Capital Reserve Account 5.09
1991-10-01 Capital Reserve Account 2.77
1991-11-01 Capital Reserve Account 2.60
1991-12-02 Capital Reserve Account 4.38
1992-01-02 Capital Reserve Account 2,52
1992-02-04 Capital Reserve Account 2.21
1992-03-02 Capital Reserve Account 3.67
1992-04-01 Capital Reserve Account 2.03
1992-05-01 Capital Reserve Account 1.82
1992-06-01 Capital Reserve Account 4.04
1992-07-01 Capital Reserve Account 3,83
1992-08-03 Capital Reserve Account 3,02
1992-09-01 Capital Reserve Account 4,94
1992-10-01 Capital Reserve Account 4.46
1992-11-02 Capital Reserve Account 3.93
1992-12-01 Capital Reserve Account 5.96
1993-01-04 Capital Reserve Account 5.80
------------- 20,116.39
Other:
1986-11-21 Urie D, Lutz C/T/W - Cash 847.97
-----....-----.. 847.97
..--------......-
Total Receipts of Income 55,751. 57
-----
L13[f: r?7 "W 805
-21-
.
"
..
"I.. _
DISBURSEMENTS OF INCOME
1987-03-31 Dauphin Deposit Bank and Trust
Co, - Commission
213.96
1987-05-13 Dauphin Deposit Bank and Trust
Co, - 1986 Fiduciary Income
Tax Return Preparation Fee
91. 00
1987-07-01 Dauphin Deposit Bank and Trust
Co. - Commission
273. 96
1987-10-01 Dauphin Deposit Bank and Trust
Co. - Commission
260.85
1987-12-31 Dauphin Deposit Bank and Trust
Co, - Commission
248,48
1988-03-31 Dauphin Deposit Bank and Trust
Co. - Commission
248,79
1988-07-01 Dauphin Deposit Bank and Trust
Co. - Commission
247,73
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1988-08-09 Dauphin Deposit Bank and Trust
Co. - 1987 Fiduciary Income
Tax Return Preparation Fee
91. 00
1988-10-03 Dauphin Deposit Bank and Trust
Co. - Commission
255.75
1989-01-03 Dauphin Deposit Bank and Trust
Co. - Commission
274.21
1989-03-31 Dauphin Deposit Bank and Trust
Co. - Commission
296.77
1989-07-03 Dauphin Deposit Bank and Trust
Co. - Commission
329.38
1989-08-09 Dauphin Deposit Bank and Trust
Co. - 1988 Fiduciary Income
Tax Return Preparation Fee
125.00
1989-10-03 Dauphin Deposit Bank and Trust
Co. - Commission
337,28
1990-01-03 Dauphin Deposit Bank and Trust
Co, - Commission
357.59
1990-04-02 Dauphin Deposit Bank and Trust
Co, - Commission
197.94
1990-07-03 Dauphin Deposit Bank and Trust
Co, - Commission
133.98
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806
,
1990-09-24 Dauphin Deposit Bank and Trust
Co, - 1989 Fiduciary Income
Tax Return Preparation Fee
1990-10-02 Dauphin Deposit Bank and Trust
Co, - Commission
1990-11-14 Dauphin Deposit Bank and Trust
Co. - Commission
1991-02-12 Dauphin Deposit Bank and Trust
Co, - Commission
1991-05-13 Dauphin Deposit Bank and Trust
Co. - Commission
1991-08-13 Dauphin Deposit Bank and Trust
Co. - Commission
1991-09-30 Dauphin Deposit Bank and Trust
Co. - 1990 Fiduciary Income
Tax Return Preparation Fee
1991-11-13 Dauphin Deposit Bank and Trust
Co. - Commission
1992-02-11 Dauphin Deposit Bank and Trust
Co. - Commission
1992-05-12 Dauphin Deposit Bank and Trust
Co, - Commission
1992-07 -24 Dauphin Deposit Bank and Trust
Co, - 1991 Fiduciary Income
Tax Return Preparation Fee
1992-08-11 Dauphin Deposit Bank and Trust
Co, - Commission
1992-11-12 Dauphin Deposit Bank and Trust
Co. - Commission
Dauphin Deposit Bank and Trust
Co. - Termination Fee.
Dauphin Deposit Bank and Trust
Co, - 1992 Fiduciary Income
Tax Return Preparation Fee
Total Disbursements of Income
liSt;: 1 ":~'7 p~/:r SO?
-23-
125.00
127.59
132.44
131.14
132.17
132.98
125.00
134.67
132,73
134.02
125.00
140.54
137.40
1,620.03
125.00
7,439.38
7,439.38
'.
DISTRI8UTIONS OF INCOME TO BENEFICIARIES
1986-11-17 David 11, Lutz - Income 500,00
Distribution
1986-12-16 David 11, Lutz - Income 1,000,00
019 tribution
1987-01-16 David 11, Lutz - Income 899,75
Distribution
1987-02-17 David 11. Lutz - Income 1,136,35
Distribution
1987-03-16 David 11, Lutz - Income 236,68
Distribution
1987 -04-15 David 11. Lutz - Income 1,191.44
Distribution
1987-05-15 David 11, Lutz - Income 1,177.65
Distribution
1987-06-15 David 11. Lutz - Income 410.54
Dis tribution
1987-07-15 David 11, Lutz - Income 298.91
Distribution
1987-08-17 David 11, Lutz - Income 1,574.80
Dis tribution
1987-09-15 David 11, Lutz - Income 576,35
Distribution
1987-10-15 David \I, Lutz - Income 254,58
Dis tribution
1987-11-16 David \I, Lutz - Income 1,624,87
Dis tribution
1987-12-15 David \I, Lutz - Income 554,27
Distribution
1988-01-15 David \I. Lutz - Income 277,67
Distribution
1988-02-16 David \I, Lutz - Income 1,604.84
Distribution
1988-03-15 David \I, Lutz - Income 535.22
Distribution
1988-04-15 David \I, Lutz - Income 245,99 i
Distribution
t21<i p'r.r 808 i
lIBlf: _ ~., I 'l~,
1988-05-16 David W. Lutz - Income 1,603.79
Distribution
1988 -06 -15 David W. Lutz - Income 558.98
Distribution
1988-07-15 David W. Lutz - Income 254.52
Distribution
1988-08-15 David W. Lutz - Income 1,591.53
Distribution
1988-09-15 David W, Lutz - Income 640.20
Distribution
1988-10-17 David W. Lutz - Income 306.69
Distribution
1988-11-15 David W, Lutz - Income 1,729.91
Distribution
1988-12-15 David W. Lutz - Income 654.76
Distribution
1989-01-17 David W. Lutz - Income 360.59
Distribution
1989-02-15 David W. Lutz - Income 2,018.11
Distribution
1989-03-15 David W. Lutz - Income 673.45
Distribution
1989-04-17 David W. Lutz - Income 414.63
Distribution
1989-05-15 David W. Lutz - Income 2,122,75
Distribution
1989-06-15 David W, Lutz - Income 818.58
Distribution I
1989-07-17 David W. Lutz - Income 422.48 !
Distribution I
I.
1989-08-15 David W. Lutz - Income 2,079.92 !
Distribution
1989-09-15 David W. Lutz - Income 748.49
Distribution
1989-10-16 David W. Lutz - Income 553.08
Distribution
1989-11-15 David W. Lutz Income 2,101. 29
Distribution
-25-
liSt,: .. "~17 ;ur,r 809
.tC 1.1.'1
,
1989-12-15 David W. Lutz - Income 1,039,04
Distribution
1990-01-15 David W. Lutz - Income 512.19
Distribution
1990-02-15 David W, Lutz - Income 1,502.85
Distribution
1990-03-15 David W. Lutz - Income 193.81
Distribution
1990-05-15 David W. Lutz - Income 1,079,22
Distribution
1990-06-15 David W, Lutz - Income 126.46
Distribution
1990-08-15 David W, Lutz - Income 1,050.62
Distribution
1990-09-15 David W. Lutz - Income 126.40
Distribution
1990-11-15 David W, Lutz - Income 799.43
Distribution
1990-12-17 David W. Lutz - Income 139.98
Distribution
1991-01-15 David W. Lutz - Income 3.81
Distribution
1991-02-15 David W. Lutz - Income 1,062.53
Distribution
1991-03-15 David W. Lutz - Income 139.21
Distribution
1991-04-15 David W, Lutz - Income 3.01
Distribution
1991-05-15 David W, Lutz - Income 1,098.23
Distribution
1991-06-17 David W, Lutz - Income 139.47
Distribution
1991-07-01 David W, Lutz - Income 2.64
Distribution
1991-08-15 David W. Lutz - Income 1,097,26
Distribution
1991-09-16 David W. Lutz Income 139.09
Distribution
-26- 810
1I3t:R 127 ?!,rE
.~..'.',. '
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1991-11-15 David W. Lutz - Income 972.97
Distribution
1991-12-16 David W. Lutz . Income 138.38
Distribution
1992.01-15 David W. Lutz - Income 2.52
Distribution
1992.02-18 David W, Lutz - Income 1,103.35
Distribution
1992-03-16 David W, Lutz . Income 137.67
Distribution
1992-04-15 David W. Lutz - Income 200,00
Distribution
1992-05-15 David W. Lutz - Income 200.00
Distribution
1992.06-15 David W, Lutz - Income 200.00
Distribution
1992-07-15 David W, Lutz - Income 200.00
Distribution
1992-08-17 David W. Lutz - Income 200,00
Distribution
1992-09-15 David W. Lutz - Income 200.00
Distribution
1992-10-15 David W. Lutz - Income 200.00
Distribution
1992-11-16 David W. Lutz - Income 200.00
Distribution
1992-12-15 David W. Lutz - Income 200.00
Distribution ._~.._----.._- 48,163,80
-.--...--..----
Total Distributions of Income 48,163.80
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IN THE COURT OF COHMON PLEAS OF CUMBERLAND COUNTY. PENNSYLVANIA
ORPHANS' COURT DIVISION
FIRST AND FINAL ACCOUNT
for Trust Under the Will of Urie D. Lutz, Deceased
ffb/o David W, Lutz
Stated by David E, Lutz and
Dauphin Deposit Bank and Trust Company, Trustees
PROPOSED DISTRIBUTIONS TO BENEFICIARIES
Current
Value
12/04/92
To: David E, Lutz, Trustee - Entire
Balance
Principal
Cash
Securities
485.07
220 shares Ameri tech
292 shares Bell Atlantic Corp.
328 shares Be11south Corp,
200 shares Exxon COrp.
146 shares Nynex Corp.
292 shares Pacific Telesis Group
219 shares Southwestern Bell Corp.
292 shares U.S. West Inc.
15,675.00
14,965.00
16,851.00
12,225.00
12,245.75
12,957,50
16,206.00
11 ,205.50
112,815.82
Fiduciary
Acquisition
Value
.---..-------...
485,07
9,127,74
9,308.34
12,023.99
8,825.00
9,162.04
7,296,71
7,104.33
7,424.73
70,757.95
------------ ------------
Income
Cash
148.39
.----------- ----------..-
148.39
148.39 148,39
--------- --------
112,964.21 70,906.34
------- -------
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AFFIDAVIT
David E. Lutz and Dauphin Deposit Bank and Trust Company, Trustees
under the Will of URIE 0, LUTZ, deceased, hereby declares under
oath that said Trustees have fully and faithfully discharged the duties
of their office; that the foregoing Account is true and correct, and
fully discloses all significant transactions occurring during the
accounting period; that all known claims against the Trust have been
paid in full; that, to their knowledge, there are no claims now
outstanding against the Trust; and that all taxes presently due from
the Trust have been paid,
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Daup in Deposit Ban
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: ' 0 ," .'~'; "'"0 .,....
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David E. Lutz ,.,S
and sworn to by
before me this~ day OfO,'"n~..,u _, 199L
I "
Q~>~(/ 11 (~'N"/JY1~
"Ntftary Public
I NOTARIAL Sf^l --I
PEGGY B. CORNMAN, Notary Public ,
Carlhlo, Cumborland County !
My Commission Expiros Feb. 13. 1995
----...-.~..-~~_r'_.._ .........,."_
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Lbtr. J. _ I r.. , L,
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my estate, will result in the imposition of no federal estate bu,
IN TRUST NEVER'r,n:r,ESS, for the fOllowing uses .1nd purposes:
(a) The Trustee shdll have, hold, manage, invest
and reinvest the same, collect the inccrnc, and, bcgin-
olog at my death, pay over the net iocane in quarterly
instal1rrcnts to my wife, HELEN B. LUTZ, during her
lifetime. The Trustee shall also, from time to time,
pay to my wife such amounts of principal of this Trust
as the Trustee deems necessary for the proper support,
maintenance and medical care of my wi fe.
(b) Upon the deatt. of my wife, during the con-
tioued existence of this Trust, my Trustee shall convey
and pay over 0111 of the remaining assets, whether
corpus or incane, to or for the benefit of such person
or persons or corporation or corporations, or the
estate of said wife,. in such amounts or proportions,
and in such lawful interests or estates, whether
.,.... .
absol utely .o~;A" .t!'us~, a.\l my wife may have directed,
__._ ___ ._ 1 _ _.
either by instrument filed with the Trustee during her
lifetime exercising this Power of 'Appointment, or by
her Last Will and Testament. This Power of Appointment
shall be exercisable by my wife alone and in all events.
If the a~ove Power of Appointment is for' any reason 'not-'
validly exercised by' my wife in whole or in part during
her lifetime or in her Last Will and Testament, then
upon her 'death such p:)rtion or all of the principal of
this Trust or ~ch interests, and estates therein as
shall not have been valid ly appointed by her shall be
added to .the assets governed by IT~ IX of thio Will.
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(c) Only properLy which is fully eligible for the
marital deduction under the federal estate t,LX law
shall be assigned to this Trust. Holwi thstanding
anything to the contrary contained in this Will, the
Trustee of this Trust shall not retain beyond a rea"
. son able time any property which may at any time be or
bccunc unproductive, nor shall they invest in unpro-
ductive property. Assets which do not qualify for the
marital deduction shall not be placed in this Trust.
To the extent also that other assets qual i fying for the
marital deduction are available, this bequest shall not
be satisfied by the distribution of: (a) assets with
respect to which a credit for foreign taxes paid is
allowable under the Internal Revenue Code; (b) assets
which may be subject to both income and estate taxes
and which may be eligible for a credit or deduction; or
(c) United States Treasuty bonds eligible for redemp-
tion at par in paymgnt of federal estate taxes.
.".-' .,
(d) I,~, ~~ .w.il=e ;s!1ou;ld not suxvive me, then the
provisions of this Item shall be void, and the part of
my estate which would have constituted the foregoing
Trust shall becane part of my residuary estate r:1is{X)sed
of in ITEM IX of this my Last will and Testament.
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ITEM IX:
I give, devise and bequeath all
the rest, residue and.remainder of my cs~ate, not disposed of in
the preceding portions of this "'ill, to my wife, HELEN B. LUTZ,
and to my son, DAVID E. LUTZ, as Trustees (herein collectively
referred to .as "Trustee"),. IN TRUST NEVERTHELESS, for the follow-
1n9 uses and purposes:
Page 4 of 15
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ta) The Trustee shall pay the net inconc arising
fran the principal of this Trutit in quarterly install-
Iilcnts to my wife, IIEI~EN B. I~U'rZ, and the iu[;ue of my
son, DAVID E. LUTZ, living at the tiJnc of each distri-
bution, in such amounts and in such proportions as my
son, DAVID E. LUTZ, acting as a Trustee ahatl dcter-.
mine.
(b) The. Trustee shall al so pay over so much of
the principal of this Trust as shall be ncccsary in the
sole discretion of my son, DAVID E. LUTZ, as Trustee
for the proper support, maintenance and welfare of my
wife, HELEN E.. LUTZ, and the issue of my son, DAVID E.
LUTZ.
(e) In detcnnining the amount of net lncane, if
any, to be distributed to any beneficiary hereunder,
and in exercising his discretion to distribute principal,
my son as Trustee is authorized to make distributions
_i~_~.c~ _P3QPcp::tion.s. as, h~. shal1.deem advisable in his
absolute discretion, regardless of whether any distribu-
tion shall be equal to any other distribution or whether
all of such net incane may be di str ibu ted to one or
more of the beneficiaries and none to others.
(d) Upon the death of my wife, IlELEN B. LUl'Z. or
upon my death if she predeceases me, the Trustee shall
divide the principal of this Trust as follows:
-.1:,; Any" shares of stock- in Daily. Indus':". .~.-
tries, Inc., shall be paid to my son, DAVID E.
LlrrZ, if he is then living.
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the income and so much of the principal of said Trust
as, in the discretion of the Trustee, may be necessary
to maintain such child in the proper station in life,
including proper support, maintenance, medical care and
college or higher education.
Opon such child's attaining the age of thirty-
five (35/ years, the Trustee shall pay to such child
~ipl'.)'J'Of.."thB1Ml!\li""pr:i'h"C:i.piii.:4"'1i~r'$~6b't
child's attaining the age of forty (40) years, the
Trustee shall pay to such child one-half (1/2) of the
then principal. Upon such child's attaining the age of
forty-five (45) years. the Trustee shall pay to such
child the balance of the then principal.
Should such child die before final distribution
of the assets of said Trust, but be survived by then
living issue, the Trustee shall quarterly pay the net
income from said Trust to or for the benefit of said
issue. per stirpes, living at the time of quarterly
distribution; as soon as anyone of said issue attains
the age of twenty-one (21) years, and in no event later
than twenty (20) years fOllowing the death of such
child, the Trustee shall pay over all of the then
assets in the Trust to the then living issue of such'
deceased child. per stirpes. should such child die
before final distribution "nd not be survived by then
living issue. the provisions of subparagraph (g) herein
shall obtain.
If) In each Trust established for the benefit of
the issue of a deceased child of DAVID E. LUTZ. the
Page 7 of 15
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Trustee shall quartorly pay the net income to or for
the benefit of tho issue of such decoased child, per
stirpes, living at oach tiJlle of quarterly distribution;
as soon as anyone of said issue attains the age of
twonty-one (21) years, and in no event later than
twenty. (20) years following the death of the survivor
of my wife or myself the Trustee shall pay over all of
. the then assets in the Trust to the then living issue
of such deceased child, per stirpes.
(g) If at any timo before final distribution of
the assets of any of the Trusts established for the
children of DAVID E. LUTZ or issue of any deceased
children of DAVID E. LUTZ, there are no living bene-
ficiaries of said Trust, the Trust shall terminate, and
its assets shall be added to the other then exi stent
Trust created herein for the benefit of the children of
DAVID E. LUTZ or their issue. Provided, that if any of
said Trusts herein created has previously been terminated
by payment of its principal to its beneficiareis. said
beneficiaries who received payment of the principal of
that Trust shall collectively be considered an "existent
Trust" for the purpose of this paragraph, and one equal
share shall be paid directly to such beneficiaries in
the same proportion by wh ich they received the pr inc1pal
of the ~, or. if deceased. t.o their issue, per
stirpes. If there are no existent Trusts, the principal
shall be paid as follows:
1. Fiftoen (15\) percent to UNITED
CHURCH 01' CHRIST, Carlisle, pennsylvania.
Page B of 15
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my Executor or Trus~ce, and to consummate said sala or
sales by sufficient deeds or other instruments to the
purchaser or purchasers, conveying a fee simple title,
free and clear of all trust and without obligation or
liability of the purchaser or purchasers to see to the
application of the pUrchase money or to make inquiry
into the validity of said sale or sales; also, to make,
execute, acknowledge and deliver any and all deeds,
assignments, options or other writings which may be
necessary or desirable in carrying out any of the
powers conferred upon my Executor or Trustee in this
paragraph or elsewhere in my will.
(e) To mortgage real estate, and to make leases
of real estate.
(f) To borrow money from any party. 1ncl uding the
Executor or Trustee, to pay indebtedness of mine or of
my estate, expenses of administration or inheritance,
legacy, estate and other taxes, and to assign and
pledge assets of my estate therefor.
(9) To pay all costs, taxes, expenses and charges
in connection with the administration of my estate or a
Trust.
(hI To vote any shares of stocK which form a part
of the estate or Trust, and to otherwi'se exercise all
the powers incident to 'the ownership of such stock.
(i) In the discretion of my EXecutor or Trustee,
to unite with other owners of si.milar property in
Page 12 of 15
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hereunder, resign as such Trustees or Executors by delivering
their written .resignation to the DAUPHIN DEPOSIT BlINK AND TRUST
CCX<lPANY, of Harrisburg and Carlisle, pennsylvania. (II!.'the event
....jf'f{~"..'.."'i;,;""...e.fu~al or inability to act. or resignation or
removal of either my said wife or my son as Trustees or Executors
hereunder, '1:hen,'I' hereby n01linate .'and . apPOint;,. the DAU PlIItl DEPOSIT
":Bl\NKL~ND,;<J:ROST ,COMPANY of Harrisbu%\l and ca.l;l~sle, Pennsylvania,
..... .,.' '.' .' -" .' ,-
ta!;:",,ic.cell'iior:';Triisf.ee or TrjiS!:~e!in.llIy;,s.id.~,,::s'~r son's place
and stead with the same rights, titleS and powers, and in the
event both my wi fe and son shall be unable or unwilling to act 05
Trustees or Executors. then the said DAUPlIIN DEPOSIT BlINK AND
TRUST COMPANY, of Harrisburg and Carlisle. pennsylvania, shall act
as Sole Trustee or Executor.) In the event of the resignation,
refusal or inability of the DAUPHIN DEPOSIT BANK AND TRUST COMPANY
of Harrisburg and Carlisle. pennsylvania, to act hereunder, a
majority in interest of the adult beneficiaries who are then
entitled to the incerne frern the Trust Estate may appoint a suc-
cessor Trustee to administer the Trust Estate. subject to the
provisions hereof, any such successor trustee shall be clothed and
vested with all the duties. rights. titles and powers, whether
discretionary or otherwise, as if originally named as trustee,. No
successor trustee shall be liable or responsible in any way for
any acts or defaults of any predecessor trustee nor for any 1055
or expense from or occasioned by anything done or neg Iected to be
done by any predecessor trustee, but such successor trustee shall
be liable only for his or its own acts and defaults in respect to
property actually received by him or it as such trustee; the
successor trustee may accept the account rendered and the assets
and property delivered to him or it by the predecessor trustee as
a full and cernplete discharge to the predecessor trustee. and
Page 14 of 15
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shall incur no liability or responsibility to any beneficiary
under this Will by reason of 50 doing.
IN WITNESS l'lHEREOF, I have set my hand and seal to this,
my Last Will and Testament, consisting of this and the preceding
fourteen (14) pages, at the end of ~ach page of which I have also
set my initials for greater security and better identification
. ~ . ',' this 1\"<11 day of "J fiN V I'I"'Y 1979.
Page 15 of 15
(.4/., ~, ~ (SEAL)
URIE D. LUT
We, the undersigned. hereby certify that the foregoing
Will was signed, sealed. published and declared by the above-named
Testator as and for his Last Will and Testament, in the presence
of us, who, at his request and in his presence and in the presence
of each other, have hereunto set our hands and seals the day and
year first above written, and we certify that at the time of the
execution thereof, the said Testator was of sound and disposing
mind and memory.
(!~/UMqhareY1
(SEAL) Residing at 2;J3 ~"'NWl'\l st.
~~\>.li'5\" ?R, /70/3
,
i}{fcib./,,( 8. {)~oj,.,_ (SEAL) Residing at :N7 W Pc",,,, ,>:t
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(SEAL) Residing at
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8^1I4 c>> IUIlU- MIl Ol -'ll uaaJed *lID "- 01 pUll
1U0WIBI' PlIICIUn '--- 0\ ulNlIll UIICI W\I 'UCJPIlCIJI81O pesodOJd
10 IUBwelBlS PI" 0\ auOjlO8{qo UllIlIJM 811I Ol Alp \SBI 841 10
PUD UO!IBWJIIUCJ:) JClj uno:> 841 0\ pel--' III UIM IIWDS 941
U94M 900rd pUR 8WI' '.lIlp~ JO puB 'UO!\IIQIJ\SIO pesodoJd 10
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U9U!JM 8ll} 0\ MIl ISIlIql JO pue lIOI\MllJljlIOO IOf uno:> 8111 01
palUesaJd lICl UIM 1III.lqlllMlMeaetdpue IUIII"\IIP 811I to pUB
'4U1lO:1C1'( SlIII to IIuW Iql to ICIJIIIU '''IlI-1lIIP Afpl8CI Aq9J8lj I
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"" z > "':i! ~ H'" N U H'"
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4PJ,,!:';'; p.~'::"CO.HJ '.!' ",' , "-.',.;."\ B III
p....;.;),.:' lIUli'H~~J-I-";il') p,,;.' t,,:_...,.-.;.::~
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....:-..... .--.
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.--
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. '
:- t.
PRINCIPAL
Page
0,00
1,011,912,84
Receipts: Balance of Prior Account
This Account
3-4
Net Gain (or Loss) on Sales or Other Disposition/principal
(0,74)
5
----------..--
1,011,912,10
Less: General Disbursements
Fees
78,416,07
0.00
6
78,416,07
--------------------------
Balance before Distributions
Distrib. to Beneficiaries
933,496.03
933,496.03
7-9
-------------
Principal Balance on Hand 0.00 10
For Information:
Investments Made
Changes in Investment Holdings 11
INCOME
0,00
54,420,25 12-15
2.49 16
-------------
54,422.74
14,406,56 17-19
-------------
40,016.18
18,358.54 20
-------------
21,657.64 21
Receipts: Balance of Prior Account
This Account
Net Gain (or Loss) on Sales or Other Disposition/Income
Less: Disbursements
Balance Before Distribution
Distributions to Beneficiaries
Income Balance on Hand
For Information:
Investments Made
Changes in Investment Holdings
Combined Balance on Hand 21,657.64
-----......------
l"'" 1')'7 .,,~r 13n
...1". -01 t.o._ 0
-2-
i.
,
"
"
RECEIPTS OF PRINCIPAL
Description
Fiduciary
Acquisition
Value
Cash:
1986-09-24 Martson, Deardorff, Williams &
Otto - Equal Division of
Estate Assets into the Trusts
for David W, Lutz and Virginia
H. Lutz
1,000.00
1986-10-17 Dean Witter - Proceeds from
Account
180,589.00
1986-10-20 Dauphin Deposit Bank and Trust
Co. - Urie D. Lutz Savings
Account
168,04
1986-10-20 Dauphin Deposit Bank and Trust
Co. - Urie D, Lutz Checking
Account
9,103.29
1986-10-20 Transferred from Income
5,780,30
1987-02-18 Progress Foundation _
Remainder Interest on Tax due
on Urie D, Lutz Estate
12,000.00
1987-02-18 Urie D. Lutz Co-TjW ffblo
Virginia H, Lutz - Remainder
interest on Tax due on Urie D.
Lutz Estate
16,500,00
1987-02-18 Urie D. Lutz Co-T/W f/b/o
David W, Lutz - Remainder
Interest on Tax due on Urie D.
Lutz Estate
16,500,00
1987-02-18 Urie D. Lutz Co-TjW f/b/o
David W. Lutz - Remainder
Interest on Tax due on Urie
D. Lutz Estate
15,000,00
1991-06-26 Internal Revenue Service _
1990 1041 Refund
30.25
1992-07-28 Transferred from Income to
make interest payment ordered
by Attorney Martson
1,787,87
258,458.75
~ i~~~'
1<'""\~~ :'1",
~3'- ; ..w~
137
. .
. '
Stocks/Lis ted:
1986-06-05 266 shares Ameritech
1986-06-05 1,351 shares American
Telephone and Telegraph
1986-06-05 532 shares Bell Atlantic Corp.
1986-06-05 798 shares Bell South Corp.
1986-06-05 3,400 shares Carlisle Co. Inc,
1986-06-05 1,648 shares Deere & Co.
1986-06-05 532 shares NYNEX Corporation
1986-06-05 266 share Pacific Telesis
Group
1986-06-05 2,000 Rockwell International
Corp.
1986-06-05 266 shares Southwestern Bell
Corp,
1986-06-05 1,267 shares Union Pacific
Corp.
1986-06-05 532 shares U.S. West Inc.
1986-06-06 1,778.677 shares American
Telephone and Telegraph
1986-06-06 2,400 shares Northwest
Indus trial Inc.
1986-06-06 267 Shares Rockwell
International Corp, Pfd
Total Receipts of Principal
, 1'-' 1')~1 .,.- 1"8
L jU, .l.. r..'J: 'J
-4-
33,017.25
33,268,38
33,848,50
43,790,25
121,550,00
49,440,00
33,316.50
26,533,50
92,500,00
25,833.92
66,517.50
26,999,00
49,358.29
1.00
"
117,480,00
.---------.-- 753,454,09
1,011,912.84
t'
DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES
1986-09-30 266 shares Ameritech, 33,017.25
delivered to Various Lutz
Trusts as per Trust Agreement
of Urie D. Lutz
1986-09-30 1,351 shares American 33,268,38
Telephone and Telegraph,
delivered to Various Lutz
Trusts as per Trust Agreement
of Urie D, Lutz
1986-09-30 532 shares Bell Atlantic 33,848.50 i
Corp., delivered to Various \
Lutz Trusts as per Trust
Agreement of Urie D. Lutz ,
1986-09-30 798 shares Bell South Corp, , 43,790,25
delivered to Various Lutz
Trusts as per Trust Agreement
of Urie D, Lutz
1986-09-30 Cash delivered to Various Lutz 1 , 000 , 00
Trusts as per Trust Agreement
of Urie D. Lutz
1986-09-30 3,400 shares Carlisle Co. 121,550.00
Inc., delivered to Various
Lutz Trusts as per Trust
Agreement of Urie D. Lutz
1986-09-30 1,648 shares Deere & Co., 49,440,00
delivered to Various Lutz
Trusts as per Trust Agreement
of Urie D. Lutz
1986-09-30 2,400 shares Northwest 1.00
Industrial Inc., delivered to
Various Lutz Trusts as per
Trust Agreement of Urie D.
Lutz
1986-09-30 532 shares NYNEX Corporation, 33,316.50
delivered to Various Lutz
Trusts as per Trust Agreement
of Urie D. Lutz
1986-09-30 532 shares Pacific Telesis 26,533.50
Group, delivered to Various
Lutz Trusts as per Trust
Agreement of Urie D. Lutz
'.I':,: 127 :,~:~ 141
-7-
.. .
.'
1986-09-30 2,000 shares Rockwell
International Inc., delivered
to Various Lutz Trusts as per
Trust Agreement of Urie D,
Lutz
1986-09-30 267 shares Rockwell
International Inc, Pfd,
delivered to Various Lutz
Trusts as per Trust Agreement
of Urie D. Lutz
1986-09-30 266 shares Southwestern Bell
Corp., delivered to Various
Lutz Trusts as per Trust
Agreement of Urie D. Lutz
1986-09-30 1,267 shares Union Pacific
Corp., delivered to Various
Lutz Trusts as per Trust
Agreement of Urie D. Lutz
1986-09-30 532 shares U.S. West Inc,
1986-10-22 David E. Lutz Power of
Attorney ffb/o Virginia H.
Lutz - Principal Distribution
1986-10-22 David E, Lutz Power of
Attorney ffb/o David E. Lutz -
Principal Distribution
1986-10-22 Progress Foundation -
Principal Distribution
1986-10-22 Urie D, Lutz Co-T/W ffb/o
David W. Lutz - Principal
Distribution
1986-10-22 Urie D. Lutz Co-T/W ffb/o
Virginia H. Lutz - Principal
Distribution
1988-10-28 711 shares American Telephone
and Telegraph, delivered to
Urie D. Lutz Co-T/W ffb/o
David W. Lutz
1988-10-28 711 shares American Telephone
and Telegraph, delivered to
Urie D, Lutz Co-T/W f/b/o
Virginia W. Lutz
L13~,: 127 Pf.S[ 112
-8-
92,500,00
117,480,00
25,833.92
66,517,50
26,999.00
23,632.59
23,632,59
37,812,15
41,991. 70
51,991. 70
19,730.25
19,730.25
933,496.03
1986-10-28 Progress Foundation - 356
shares American Telephone and
Telegraph
9,879.00
Total Distributions of Principal
933,496.03
-------------
I,. .
:.. ~,u.
... .....1-. 1,n
.1.~ I t'~~: ' L10
-9-
RECEIPTS OF INCOME
Dividends:
1986-08-04 Ameritech 470.82
1986-08-04 American Telephone and 405.30
Telegraph
1986-08-04 Bell South Corp. 606.48
1986-08-04 Carlis Ie Co. Inc. 935.00
1986-08-04 Deere & Co, 206,00
1986-08-04 NYNEX Corporation 462.84
1986-08-04 Pacific Telesis Group 202,16
1986-08-04 Southwestern Bell Corp. 425 . 60
1986-08-04 U.S. West Inc. 404,32
1986-09-09 Rockwell International Inc, 600,00
1986-09-11 Bell Atlantic Corp. 478 , 80
1986-09-11 Union Pacific Corp, 570.15
1986-10-02 Rockwell International Inc. 317,06
Pfd.
1986-10-02 Union Pacific Corp. 570.15
1986-11-03 Ameritech 470,82
1986-11-03 American Telephone and 405,30
Telegraph
1986-11-03 Bell Atlantic Corp. 478.80
1986-11-04 Deere & Co. 206.00
1986-11-04 NYNEX Corporation 462,84
1988-08-22 American Telephone and 533,60
Telegraph
1988-11-02 American Telephone and 533,40
Telegraph ... - - - - - -... -- 9,745.44
Interest:
1986-09-03 Market Square Cash Manager 1
12,83
-12-
,Ii:" 1')l-~ ;Jlrr
- . ..I. "", ( ; .,.:~
H6
,.
1986-10-03 Market Square Cash Manager 1 21. 94
1986-11-05 Market Square Cash Manager 1 108,66
1986-12-02 Market Square Cash Manager 1 51.35
1987-01-05 Market Square Cash Manager 1 45,73
1987-02-02 Market Square Cash Manager 1 46,04
1987-03-03 Market Square Cash Manager 1 127.29
1987-04-03 Market Square Cash Manager 1 314,27
1987-05-04 Market Square Cash Manager 1 308.72
1987-06-03 Market Square Cash Manager 1 331.31
1987-07 -03 Market Square Cash Manager 1 336.78
1987 -08 -03 Market Square Cash Manager 1 349.24
1987 -09 -02 Market Square Cash Manager 1 356.40
1987-10-01 Market Square Cash Manager 1 362,97
1987-11-02 Market Square Cash Manager 1 390,18
1987-12-02 Market Square Cash Manager 1 346,13
1988-01-04 Market Square Cash Manager 1 362,49
1988-02-01 Market Square Cash Manager 1 332,80
1988-03-02 Market Square Cash Manager 1 336,96
1988-04-04 Market Square Cash Manager 1 359.05
1988-05-03 Market Square Cash Manager 1 360,30
1988-06-01 Market Square Cash Manager 1 390,32
1988 -07 - 01 Market Square Cash Manager 1 401. 56
1988-08-01 Market Square Cash Manager 1 434,58
1988-09-01 Market Square Cash Manager 1 460.82
1988-10-03 Market Square Cash Manager 1 459,59
1988-11-04 Market Square Cash Manager 1 483,63
1988 -12 - 05 Market Square Cash Manager 1 486,11
1989-01-06 Market Square Cash Manager 1 496,56
L13d: 197 ::H'f 14713-
_ I..",..
1989-02-06 Market Square Cash Manager 1 513.17
1989-03-02 Market Square Cash Manager 1 510,37
1989-04-05 Market Square Cash Manager 1 607.72
1989-05-03 Market Square Cash Manager 1 597,65
1989-06-05 Market Square Cash Manager 1 615.12
1989-07-06 Market Square Cash Manager 1 433,80
1989-07-07 Capital Reserve Account 160.99
1989-08-03 Capital Reserve Account 615,93
1989-09-07 Capital Reserve Account 593,58
1989-10-04 Capital Reserve Account 549.10
1989-11-06 Capital Reserve Account 607.49
1989-12-06 Capital Reserve Account 561. 04
1990-01-08 Capital Reserve Account 536,55
1990-02-05 Capital Reserve Account 608,34
1990-03-08 Capital Reserve Account 507.31
1990-04-04 Capital Reserve Account 545.34
1990-05-02 Capital Reserve Account 565.97
1990-06-04 Capital Reserve Account 566.07
1990-07-03 Capital Reserve Account 531. 59
1990-08-03 Capital Reserve Account 589.15
1990-09-05 Capital Reserve Account 564,70
1990-10-05 Capital Reserve Account 507,47
1990-11-05 Capital Reserve Account 597,57
1990-12-04 Capital Reserve Account 541. 60
1991-01-03 Capital Reserve Account 551.65
1991-02-04 Capital Reserve Account 541. 53
1991-03-04 Capital Reserve Account 457.80
1991-04-02 Capital Reserve Account 447.26
11""':....1 p r- 148 -14-
Li'l~ /., .-
1.- ,..10'_
..
1991-05-01 Capital Reserve Account 475,20
1991-06-04 Capital Reserve Account 440,70
1991-07-01 Capital Reserve Account 388.38
1991-08-01 Capital Reserve Account 456.79
1991-09-03 Capital Reserve Account 413.38
1991-10-01 Capital Reserve Account 416,20
1991-11-01 Capital Reserve Account 404,40
1991-12-02 Capital Reserve Account 364.86
1992-01-02 Capital Reserve Account 383.50
1992-02-04 Capital Reserve Account 347,98
1992-03-02 Capital Reserve Account 284,54
1992-04-01 Capital Reserve Account 310,92
1992-05-01 Capital Reserve Account 185.35
1992-06-01 Capital Reserve Account 143,69
1992-07-01 Capital Reserve Account 154,16
1992-08-03 Capital Reserve Account 136,53
1992-09-01 Capital Reserve Account 62.94
1992-10-01 Capital Reserve Account 57,75
------------- 29,327.74
Other:
1986-10-03 651,68 shares Farley Northwest 15,314,48
Industries Inc., Pfrl.
1987-06-19 First Jersey National Bank 32.59
Dean Witter Sears Tax Free - - - - - - - - - - - --
Daily Income Trust Account 15,347.07
- - - - - - - - - - - --
Total Receipts of Income 54,420.25
------------
: I~;r 1,:-r-.1 :_Iorr:
~ - ~. .......-... 1 ,..'_
119
-15-
,.
GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS/INCOME
Gain Loss
1986-10-03 1,68 shares Farley Northwest
Industries Inc., Pfd.
Net Proceeds
Fid. Acq. Value
41. 97
39,48
2.49
0.00
Total Gains and Losses/Income
Less Loss
2.49
0,00
0,00
Net Gain
...................... ...
2,49
-----------...
ll". .. ",.., f 50
,t/: ..l~ ( ?,~~: J.., _
-16-
J ,.
DISBURSEMENTS OF INCOME
1986 -10 - 20 Transferred to Principal 5,780,30
1987-06-03 Dauphin Deposit Bank and Trust 100.00
Co. _ 1986 Tax Preparation Fee
1988-08-09 Dauphin Deposit Bank and Trust 97.00
Co. _ 1987 Tax Preparation Fee
1988-12-31 Dauphin Deposit Bank and Trus t 455,00
Co. _ Commission
1989-06-27 Dauphin Deposit Bank and Trust 91. 02
Co. _ Commission
1989-08-09 Dauphin Deposit Bank and Trust 125,00
Co. _ 1988 Tax Preparation Fee
1989-09-26 Dauphin Deposit Bank and Trus t 90.22
Co. _ Commission
1989-12-27 Dauphin Deposit Bank and Trust 85.88
Co, _ Commission
1990-03-27 Dauphin Deposit Bank and Trust 82,61
Co, _ Commission
1990-06-26 Dauphin Deposit Bank and Trust 83.87
Co, _ Commission
1990-09-24 Dauphin Deposit Bank and Trust 125,00
Co, _ 1989 Tax Preparation Fee
1990-09-26 Dauphin Deposit Bank and Trust 84.27
Co. . Commission
1990-12-27 Dauphin Deposit Bank and Trust 82,33
Co. _ Commission
1991-03-26 Dauphin Deposit Bank and Trus t 77,55
Co. _ Commission
1991-03-26 PA Department of Revenue - 139.31
1991 Fiduciary Income Tax
1991-04-09 PA Department of Revenue . 139,89
1990 Fiduciary Income Tax
1991-06-29 Dauphin Deposit Bank and Trust 68,16
Co. . Commission
1991-09 -16 Dauphin Deposit Bank and Trust 125,00
Co, - 1990 Tax Preparation Fee
I'''' 1 ')"';~ .11 rr 151
~ ,~, t r. ____17-".J~
. '
DISTRIBUTIONS OF INCOME TO BENEFICIARIES
1986-11-20 650 shares Farley Northwest
Industries Inc. delivered to
Various Lutz Trusts as per
Trust Agreement of Urie D,
Lutz,
1986-11-21 Urie D. Lutz Co-T/W f/h/o
David E. Lutz - Dividends
1986-11-21 Urie D. Lutz Co-T/W f/h/o
David E. Lutz - Dividends
1986-11-21 Urie D. Lutz Co-TjW f/b/o
David E. Lutz - Dividends
1986-11-21 Progress Foundation -
Dividends
Total Distributions of Income
L/3ii
1,~...!
'~f P,I,C~
-20-
154
15,275,00
770,89
847.97
847,97
616,71
18.358,54
18,358,54
"
., .'
INCOME BALANCE ON HAND
Cash:
Uninvested
Capital Reserve Account
Current
Value
10/13/92
57.64
21,600,00
Fiduciary
Acquisition
Value
-..... - .............
57,61,
21 . 600 ,00
.... .................... ........ - ............
21,657,64 21,657,64
------------ ------------
. 1".... ',r- 15r;
!I~lr :f ",,~ 'v
-21-
.
"
, ..
IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY. PENNSYLVANIA
ORPHANS' COURT DIVISION
FIRST AND FINAL ACCOUNT
for the Trust Under the Will of Urie D, Lutz, Deceased
Stated by David E, Lutz and
Dauphin Deposit Bank and Trust Company, Trustees
PROPOSED DISTRIBUTIONS TO BENEFICIARIES
Current
Value
10/13/92
Fiduciary
Acquisition
Value
To: Dauphin Deposit Bank and Trust
Co. and David E. Lutz Co-Trustees
Under Will of Urie D, Lutz f/b/o
David W, Lutz - 27,5% Residue
Income
Cash
5,955.85
5,955.85
-----------. --------.---
5,955.85 5,955,85
---~-------- ------------
To: Dauphin Deposit Bank and Trust
Co, and David E. Lutz Co-Trustees
Under Will of Urie D, Lutz f/b/o
Virginia II, Lutz - 27.5% Residue
Income
Cash
5,955.85
5,955,85
5,955,85 5,955.85
------------ ------------
To: Dauphin Deposit Bank and Trust
Co" Trustee for. Progress
Foundation - 20% Residue
Income
Cash
4,331,53
4,331.53
------------ ------------
4,331,53 4,331,53
------------ ------------
. ','" 1')0-.1 0,"- 156
LI.lr _. I"J~ .
,
.', J'
To: David E, Lutz - 25% Residue
Income
Cash
lI~iP 1~7 P!.~[ 1.57
5,414.41
5,414.41
-.. -.... - - - - -. - - - -.. - -...... - -.
5,414,41 5,414.41
------------ ------------
21,657,64 21,657,64
------------ ------------
,
i
!
"
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'.
AFFIDAVIT
Dauphin Deposit Bank and Trust Company and David E, Lutz, Trustees
under the Last Will and Testament of URIE D, LUTZ, deceased, hereby
declares under oath that said Trustees have fully and faithfully
discharge the duties of their office; that the foregoing Account is true
and correct, and fully discloses all significant transactions occurring
during the accounting period; that all known claims against the Trust
have been paid in full; that, to its knowledge, there are no claims now
outstanding against the Trust; and that all taxes presently due from
the Trust have been paid.
,.::' :~'.::::::'>;.~:.<~ >.
;' ... ... ~~.., 7) I, -,!. ", -;.
.:-:.J.... c:- r:) "\,1;' '.
: ; ..: l'l I _I : '." :
: . I ; ,I'>; ~,,'
".. ..... ~ :n .:..,,~:
:"'-':' ,...,Cl ,. .....' .S~b}cribed
". ..', "....... . ~ " ,....'
'. tl · ( .....
..................
~.~
Dauphin Deposit
~&/~~~
David E, Lut .
and sworn to by
of t/I>..i~
before me this~ day
/J j 7
lij"7J'}~ota~ pu!tj;uc ,F'",",
199 :J...-
NOTARIAL SEAL
PEGGY e. CORNMAN. Notllry Public
C<1llidc. Cumbcrl<lnd County
My Commission Expires Feb, 13, 1995
- ..~_.__.-._..._..~.,. ---
ll," 1~~' 0", lh8
,I<. <: (r....., ~
Trust Company
.'
.,
llia1it 1\l\lHl nnll QJ.e.5hU1t111tt
Q!-
UIUE D. LUTZ
I, URIE D. LUTZ # of Carl isle, cumberland County ~ Pennsyl-
vania, do make, publish and declare this to be my Last Will and
Testament, hereby revoking all Wills and Codicils by me at any
time made.
ITEM I:
I direct that all inheritance and
.
estate taxes beconing due by reason of my death, whether such
taxe s may be payable by my estate or by any recipient of any
property, shall be paid by my Executor out of the property passing
under 'ITEM IX of this Will, as an expense and cost of administra-
tion of my estate. My Executor shall have nO duty or obligation
to obtain reimbursemc.nt fot' any such tax so paid, even t.hough on
proceeds of insurance or other property not passing under this
Hill. In the absolute discretion of my Executor, such taxes may"
be paid i.mmed~~,t.~l~:~r~ m.~.y::~~ '~stpone<l on !uture or remainder
inter"eSts- untii thetIine posscssfOn--t.hereof accrues to the bene-
,\
.
ficiaries..
ITEM II:
I direct my Executor to pay the
cxpC!nses of my 'last illness' and funeral' expenses fran' the property
passing under this will as a:n expense and cost of administration
of my estate.
ITEIl III,
If I predecease my wife, HELEN S,
Lt1I'Z, I give and bequeath to said wife absolutely and in",fee
simple, all of my household furniture and furnishings, books,
pictures, jewelry, silverware, automobiles, wearing apparel and
Page 1 of 15
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i
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r
\
I
\
I
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I
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,
.
" "
all other articles of household or personal use or adornment and
all policies of insurance thereon. If I do not predecease my
wife, I make said bequest to my son, DAVID' E. LUTZ.
ITEM IV.
If I predaceasc my wife, HELEN B.
Ll11'Z, I give and bequ,:,ath the sum of ONE THOUSAND ($1,000.00)
DOLLARS to my niece, HELEN CARL. if she survives me.
ITEK V.
If I predecease my wife. HELEN B.
Ll11'Z, I give and bequeath the sum of ONE THOUSAND ($1,000.00)
.
DOLl...ARS to my niece, l-tARTHA CARL RATCLIFF, if she survives me.
ITEM VI:
If I predecease my wife. HELEN B.
Ll11'Z, I give and bequeath the sum of FIFTY THOUSAND ($50.000.00)
DOLlARS to my niece, JEAN \iA'1'TS ZIMMERMAN, if she survives me.
I'tEM VII.
If I predecease my wife, HELEN B.
,
..
LUTZ. I give and bequeat~ the sum of ONE THOUSAND ($1..000.00)
OOLIJ\RS to the UNITED CHURCH OF' CHRIST, Carlisle, Pennsylvania.
."" .
I~
,', ". .
--
ITEM VIII:
If I predecease my wife, HELEN B.
Ll11'Z, I give, devise and bequeath unto my wife, HELEN B. LUTZ, and
my son, DAVID E. LtrEZ, as Trustees (hereinafter collectively re-
ferred to as "Trustee-), 'an amount, free of all taxes, equal to
the maximwn ,marital' deductlon . allowable to my estate for- federal
estate tax purposes, reduced by the aggregate marital deduction
allowable for federal estate tax pUrposes for other property or
interests that pass or shall have passed to my spouse otherwise
than under this clause and that qualify for the said marital
deduction; and' further reduced by an amount, if any, nccdad to
increase my.taxable estate to the largest amount that, after
allowing for the unified credit and any other credits available to
.....
Page.2 of 15
....
.... -
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(AI The Trustee shell PAY the net inC01le Arising
frOll the principal of this Tru5t in qUArterly instal1-
"'ents to my wife, HELEN B. LUTZ. And the issue of my
so~. DAVID E. LUTZ, living At the time of eAch distri-
bution, in such amounts and in such proportions as my
son, OAVID E. LUTZ I acting AS a Trustee shall dete.r-,
mine.
(b) The. Trustee shall also pay over so much ot
the principal of this Trust AS shall be necesary in the
sole discretion of my son, DAVID E. LUTZ, as Trustee
for the proper support, maintenance and wel fare of my
wife, HELEN E. LUTZ, and the issue of my son, DAVID E.
LI1I'Z.
(0) In determining the amount of net income, if
any, to be distributed to any b~neficiary hereunder,
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and in exercising his discretion to distribute principal,
my son as Trustee "is authorized to make distributions
,. ____in ~ch~opql;tj.qn.s a,\ .h~, shall. deem advisable in his
absolute discretion, regardless of whether any distribu-
tion shall be equal to any other distribution or whether
all of such nct income may be distributed to one or
. ,
more of the beneficiaries and none to others.
.. .
(d) Dpon the death of my wife. HELEN B. LUTZ, or
upon my death if. she predeceases me, the Trustee shall
divide the principal of this Trust as follows:
.
:1. Any. shares of. stock in Daily Indus-
tries, Inc., shall be paid to my son, DAVID E.
LI1I'Z. if he is then living.
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the income and so much of the principal of said Trust
as. in the discretion of the Trustee, may be necessary
to maintain such child in the proper station in Ii fe,
including proper suPfOrt, maintenance, medical care and
college or higher education.
,
Upon such child's attaining the age of thirty-
five (35) years, the Trustee shall pay to such child
..'~'P'"lil1tr~f'~3t"'Ofo.tbe>St:h.n~pi in'elpai.~~~ "s.u;'h'
child's attaining the age of forty (40) yeers, the
Trustee shall pay to such child one-half (1/2) of the
then principal. Upon such child's attaining the age of
forty-five (45) years, the Trustee shall pay to such
child the balance of the then principal.
Should such child die before final distribution
of the assets of said Trust, but be survived by then
living issue, the Trustee shall quarterly pay the net
incone from said Trust to or for the benefit of said
issue, per stirpes,' living at the time of quarterly
distribution; as soon as anyone of said issue attains
the age of twenty-one (21) years, and in no event later
than twenty (20) years fOllowing the death of such
child, the Trustee shall pay over all of the then
assets in the Trust to the then living issue of such.
deceased child. per stirpes. Should such child die
before final distribution ~nd not be sUlVived by then
living issue. the provisions of subparagraph (g) herein
shall obtain.
(f) In each Trust established for the benefit of
the issue of a deceased child of DAVID E. LUTZ, the
Page 7 of 15
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Trustee shall quarterly pay the net income to or for
the benefit of the issue of such deceased child, per
stirpes, living at each time of quarterly distribution;
as soon as anyone of said issue attains the age of
twenty-one (21) years. and in no event later than
twenty. (20) years following the death of the survivor
of my wife or myself the Trustee shall pay over all of
. the then assets in the Trust to the then living issue
of such deceased child, per stirpes.
(g) If at any time before final distribution of
the assets of any of the Trusts established for the
children of DAVID E. LUTZ or issue of any deceased
children of DAVID E. LUTZ. there are no living bene-
ficiaries of said Trust, the Trust shall terminate, and
its assets shall be added to the other then existent
Trust created herein for the benefit of tha children of
DAVID E. LUTZ or their issue. Provided. that if any of
said Trusts herein created has previously been terminated
by payment of its .principal to its beneficiareis. said
beneficiaries who received payment of the principal of
that Trust shall collectively be considered an "existent
Trust" for the purpose of this paragraph, and one equal
share shall be paid directly to such beneficiaries in
the same proportion by which they received the principal
of the ~, or, if deceased, t.o their issue, per
stirpes. If there are no existent Trusts, the principal
shall be paid as follows.
1. Fifteen (15\) percent to UNITED
CHURCH 01' CHRIST, Carlisle. Pennsylvania.
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2. Ten (l 0" percent to HOIIEWOOD, I tIC. ,
Carli sle, Pennsyl vania.
3. Five (5'1 percent to YOUNG WOMEN'S
CHRISTIAN ASSOCIATION, Carlisle, Pennsylvania.
4. Ten (10" percent to YOUNG HEN'S
CHRISTIAN ASSOCIATION, Carllsle, Pennsylvania.
5. Ten (10" percent to DICKINSON
COLLEGE, Carlisle, Pennsylvania, to be used as
a revolvIng loan fund for loans to such students
of the College in need, whose domicile is in
Cumberland County, Pennsylvania; the College
shall, in its discretion, detemine the need
and also the tems and conditions of such
loans.
6. Fifteen (15\' percent to the ROTARY
INTERNATIONAL EDUCATIONAL FOUNDATION. to be
used as detemined by the officers of its
Carlisle, Pennsylvania Club, as a revolving
loan !'Und for needy persons, whose domicile is
in Cumberland County, Pennsylvania, such
'Foundal:ion. in its discretion. to determine
the need for such loans and the terms and
conditions thereof. In ,the event such bequest
to the ROTARY INTERNATIONAL EDUCATIONAL
FOUNDATION shall faU because it is unable to
accept such legacy or to use same in the
manner and for the purposes stated herein, or
Page 9 of 15
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(a) To retain any investments I may have at my
death sO long as my Executor or Trustee may deem it
advisable to my estate so to do.
(b) TO vary investments, when deemed desirable by
my Executor or Trustee, and to invest in .:;uch bonds,
stocks, notes, reai estate mortgages or other securities
or in such other property, real or personal. as they
shall deem wi se, wi thout be ing restricted to so-called
"legal investments". and without being limited by any
statute or rule of law regarding investments by fidu-
ciaries.
(c) In order to effect a division of the princi-
pal of my estate or for any other purpose. including
any final distribution, the Executor or Trustee is
authorized to mak.e said divisions or distributions of
the personalty and realty partly or wholly in kind, at
a fair value determined at the date of division or
distribution. Should it appear desirable to partition
any real estate, the Executor or Trustee is authorized
to make, join in and consummate partitions of lands,
vol untarily or lnval untarily, incI uding giving of
mutual deeds, recognizances or other obligations, with
as wide FOwers as an individual owner in fee simple.
(d) To sell either at. public or private sale and
upon such terms and conditions as the Executor or
Trustee may deem advantageous to the estate or Trusts,.
any or all real or personal estate or interest therein
owned by the estate or Trusts severally or in conjunc-
tion with other persons or acquired after my death by
Page 11 of 15
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my Executor or Trus~ee, and to consummate said sale or
sales by sufficient deeds or other instruments to the
purchaser or purchasers, conveying a fee simple title,
free and clear of all trust and without obligation or
liability of the purchaser or purchasers to see to the
application of the pUrchase money or to make inquiry
into the validity of said sale or salesl also, to make,
execute, acknowledge and deliver any and all deeds,
assignments, options or other writings which may be
necessary or desirable in carrying out any of the
powers conferred upon my Executor or Trustee in this
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Executor or Trustee, to pay indebtedness of mine or of
my estate, expenses of administration or inheritance,
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paragraph or elsewhere in my will.
(e) To mortgage real estate, and to make leases
of real estate.
(f) To borrow money from any party. including the
legacy, estate and other taxes, and to assign and
pledge assets of my estate therefor.
(9) To pay all costs, taxes, expenses and charges
in connection wi th the administration of my estate or a
Trust.
(h) To vote any shares .of stock which fom a part
of the estate or Trust, and to otherwise exercise dl
the powers incident to 'the ownership of such stock.
(1) In the discretion of my Executor or Trustee,
to unite with other owners of sunilar property in
Page 12 of 15
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carrying out any plans for the reorganiza ticn of any
corporation or canpan:( whose securities form a part of
the estate.
(j) To do all other acts in their judgment
deemed necessary or desirable for the proper and
advantageous management, investment and distribution
of the estate or Trusts.
ITEM XII. l\ny person, other than my wife,
who shall have died at the same time as I shall have, or in a
cOllmon disaster with me, or under such circumstances that it is
difficult or impossible to detennine who died first, shall be
deened to have predeceased me. If my wife and 1: die at the same
time, or in a canmon disaster, or under such circumstances that it
is difficult or impossible to detennine who died first, my wife
shall be deemed to have survived me. AnY person (other than
myself) who shall have died at the same tiJne as any then recipient
of inccme or in a canmon disaster with such beneficiary, or under
such circumstances that it is difficult or impossible to determine
who died first, shall be deemed to have predeceased such bene-
ficiary.
ITEM XIII.
I naninate, constitute and appoint
my wife. HELEN B. LUTZ, and my son. DAVID E. LUTZ. to be my EXecu-
tors, herein collectively referred to as .. Executor-. My Executor
and Trustee shall not be required to post any bond or bonds.
ITD~ XIV. My said wife and son. or either of
them, may, at any time, while acting as Trustees or Executors
Page 13 of 15
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hereunder, resign as such Trustees or Executors by delivering
their writtenrestgnation to the DAUPHIH DEPOSIT BAlIK AHD TRUST
CCMPAHY, of Harrisburg and Carlisle. Pennsylvania. (I!!..the event.
'\~efu;al or inability to act, or resignation or
removal of either my said wi fe or my son as Trustees or Executors
hereunder, ~Jien'I",hereby, nOllinate'. and -'appoll\!;..!;.h..;..J?~OP~ ~t1"I)EPOSI~
~.BAIIIt;AJiDjtiRiln_'COIlPAHY .of Uardsburg;.'and :CarH,sl.r PelJn'sylvania, J
. ,'~. ." ..... ---.." . - . . . -...~.__. .
ru,'_$,#'cee'~$Or,;!rrus~e. or .~ulil.t;:ie':!l.,,:.my,:,'said_~,e:~r sO,n's place
and stead with the same rights, titles and powers, and in the
event both my wi fe and son shall be unable or unwilling to act as
Trustees or Executors. then the said DAUPHIN DEPOSIT BAlIK AHD
TROST COMPAHY. of Harrisburg and Carlisle. Pennsylvania. shall act
as Sole Trustee or Executor.) In the event of the resignation,
refusal or inability of the DAUPHIH DEPOSIT BAlIK AND TRUST COMPAHY
of Harrisburg and Carlisle, Pennsylvania, to act hereunder, a
majority in interest of the adult beneficiaries who are then
entitled to the incane iran the Trust Estate may appoint a suc-
cessor Trustee to administer the Trust Estate. subject to the
provisions hereof, any such successor trustee shall be clothed and
vested with all the duties, rights, titles and powers, ,,,hether
discretionary or ,otherwise, as if originally named as trustee.. No
SUCcessor trustee shall be liable or responsible in any way for
any acts or defaults of any predecessor trustee nor for any loss
or expense from or occasioned by anything done or neglected to be
done by any predecessor trustee, but such successor trustee shall
be liable only for his or its own acts and defaults in respect to
property actually received by him or it as su ch trus tee; the
sUccessor trustee may accept the account rendered and the assets
and property delivered to him or it by the predecessor trustee as
a full and canplete discharge to the predecessor trustee, and
Page 14 of 15
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I hereby cenify that written notice of the filing of this Stetement
of Proposed Distribution, and of tho date, time and pl9ce when
the same will be presented to the Coun for confirmation and
of Ihe last day to file wrillen objections to said Statemenl of
Proposed Distribulion, has been given to overy unpaid claimant
and to every other person known to the accountant to have
Or claim an interest in the eSlale as creditor, beneficiary, heir
or nexl 01 kin,
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Dauphin Deposit Bank
. Y;l"Trurt r;ompany
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~J -to -s(S~
Internal Revenue Service
District Director
Department of the Treasury
Dlte:
nl'.'2C-PJ
S:state of:
Uilm I). LUTl
Decedent's Soclll Security
17U~'8~~i 373'1
Dlte 01 Deeth:
O<l_?l_<:>O
Person to Contact:
:m:C:PD m'rT:? - l .~~.
Contlet Telephone Number:
t>
~-.In.LIAr{ F. iiARTSnI~. ~~S'~.
T3:1 &\ST HIGH 1THE::T
CARLISLE, PA 17~13
Estlte Tax Closing leller
(This I. not I bill for te. due)
Our computation of the Federal Tax liability for the above estate is shown
below, It does not include any interest that may ba charged, You should keep a copy
of this letter as a permanent record because your attorney may need it to close the
probate proceedings for the estate. This letter is evidence that the Federal tax
return for the estate has eithar been accepted as filed, or has been accepted after
an adjustment that you agreed to.
This is not a formal closing agreement under section 7121 of the Internal
Revenue Code. We will not reopen this case, however, unless Revenue Procedure 74-5,
reproduced on the back of this letter, applies.
If you have any questions, please contact the person whose name and telephone
number are shown above, Thank you for your cooperation,
Sincerely yours,
T (fttt~
District Director
Tentative tax . . . . . . . . . . . . . . .
Less: Aggregate gillta.es payable (for gills made after 12-31-76) ,
Unified credit. . . . . . . . . . . . . .
Credit for Stete death ta.es, . . , , ' , , ,
Credit for Federal giftta.es (on gifts prior to 1-1-77) ,
Creelltlor loreign death ta.es , .
Credit for tax on prior transfers.
Tota' subtractions.
Net estate ta. ,
Penaltie~, if any ,
, , ,$ 255.731.38
. $
, $ 42. SOO.OO
,$ 21.'314.6'3
. $
. $
,$
63. ~1(.. 63
. $ ,
1';:J. ,~'1.t). '15
,$
,$
(over)
P.Q, Box 12836, Phlladalphla, PA 19106
Letter 627(00) (Rev, 2-78)
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