HomeMy WebLinkAbout03-29-07 (2)
.-.J
15[]5b[]41147
REV-1500
EX (06-05)
OFFICIAL USE ONLY
PA Department of Revenue
Bureau of Individual Taxes
PO BOX.280601
Harrisburg, PA 17128-0601
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death
.
County Code
INHERITANCE TAX RETURN
RESIDENT DECEDENT 2 1
Year
File Number
07
00170
Date of Birth
168129462
01062007
03191919
WILLIAMS
THOMAS
MI
S
Decedent's Last Name
Suffix
Decedent's First Name
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name
Suffix
Spouse's First Name
MI
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
[!] 1. Original Return 0 2. Supplemental Return 0 3. Remainder Return (date of death
prior to 12-13-82)
0 4. Limited Estate 0 4a. Future Interest Compromise 0 5. Federal Estate Tax Return Required
(date of death after 12-12-82)
[R] 6. Decedent Died Testate 0 7. Decedent Maintained a Livin9 Trust 0 8. Total Number of Safe Deposit Boxes
(Attach Copy of Will) (Attach Copy of Trust)
0 9. Litigation Proceeds Received 0 10 Spousal Poverty Credit (date of death 0 11.Election to tax under Sec. 9113(A)
. between 12-31-91 and 1-1-95) (Attach Sch. 0)
~ORRESPONDENT _ THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
ame Daytime Telephone Number
IVO V OTTO III 7172433341
Firm Name (If Applicable)
MARTSON LAW OFFICES
REGISTER OF WILLS USE ONLY
~.-.)
First line of address
..".--}
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10 EAST HIGH STREET
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Second line of address
DATEElLEb
City or Post Office
CARLISLE
State
PA
ZIP Code
17013
C,)
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Ul
Correspondent's e-mail address: i 0 tt o@m art son I a w . com
Florance K. Williams
Ivo V Otto 11\
ADDRESS
10 East High Street, Carlisle, PA 17013
Side 1
L
15[]5b[]41147
15[]5b[]41147
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15056042148
REV-1500 EX
Decedent's Name: Thomas S. Williams
Decedent's Social Security Number
168129462
RECAPITULATION
1, Real Estate (Schedule A).......................................................................................... 1.
2. Stocks and Bonds (Schedule B)...............................................................................
2.
3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C).......... 3.
4. Mortgages & Notes Receivable (Schedule D).......................................................... 4.
5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E)................
6. Jointly Owned Property (Schedule F) 0 Separate Billing Requested............. 6.
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G) 0 Separate Billing Requested............. 7.
8. Total Gross Assets (total Lines 1-7)....................................................................... 8.
9. Funeral Expenses & Administrative Costs (Schedule H)......................................... 9.
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I)................................ 10.
11. Total Deductions (total Lines 9 & 10)...................................................................... 11.
12. Net Value of Estate (Line 8 minus Line 11)............................................................. 12.
13. Charitable and Governmental Bequests/See 9113 Trusts for which
an election to tax has not been made (Schedule J)................................................. 13.
14. Net Value Subject to Tax (Line 12 minus Line 13)................................................. 14.
TAX COMPUTATION - SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate, of
transfers under Sec. 9116
(a)(1.2) X ~
16. Amount of Line 14 taxable
at lineal rate X .045
17. Amount of Line 1"'4'iiiXable
at sibling rate X .12
18. Amount of Line 14 taxable
at collateral rate X .15
0.00
15.
0.00
16.
177,263.54
17.
0.00
18.
19. Tax Due..................................................................................................................... 19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT.
Side 2
L
15056042148
187,495.30
5.
14,542.23
202,037.53
20,473.27
4,300.72
24,773.99
177,263.54
177,263.54
0.00
0.00
21,271.62
0.00
21,271.62
D
15056042148
..-J
REV-1500 EX Page 3
Decedent's Complete Address:
File Number 21-07-00170
DECEDENT'S NAME
Thomas S. Williams
STREET ADDRESS
26 Cardinal Drive
CITY I STATE IZIP
Carlisle PA 17015
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
(1 )
1,063.58
Total Credits (A + B + C)
(2)
3. Interest/Penalty if applicable
D. Interest
E. Penalty
Total Interest/Penalty (D + E)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
Check box on Page 1 Line 20 to request a refund
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE.
A. Enter the interest on the tax due.
(3)
(4)
(5)
(5A)
(5B)
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
Make Check Payable to: REGISTER OF WILLS, AGENT
21,271.62
1,063.58
20,208.04
20,208.04
PLEASE ANSWER THE FOllOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
No
~
~
~
~
~
~
o ~
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
1. Did decedent make a transfer and:
a. retain the use or income of the property transferred;..................................................................................
b. retain the right to designate who shall use the property transferred or its income;....................................
c. retain a reversionary interest; or..................................................................................................................
d. receive the promise for life of either payments, benefits or care?.............................................................
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without
receiving adequate consideration?.. ....................... ........................................ ............... ........... ...........................
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?........
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation?... ....................................... ... ......................... ............. ............ ......................
Yes
B
o
o
o
o
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on \he net value of transfers to or for the use of the
surviving spouse is three (3) percent [72 P.S. 99116 (a) (1.1) (i)].
For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero
(0) percent [72 P.S. 99116 (a) (1.1) (ii)]. The statute does not exemot a transfer to a surviving spouse from tax, and the statutory requirements
for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a
natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. 99116 (a) (1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent,
except as noted in 72 P.S. 99116 1.2) [72 P.S. 99116 (a) (1)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. 99116 (a) (1.3)]. A
sibling is defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption.
Rev-1503 EX+ (6-98)
SCHEDULE B
STOCKS & BONDS
.
COMMONWEALTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIOENT DECEDENT
FILE NUMBER
21-07-00170
ESTATE OF
Williams, Thomas S.
All property Jolntly-owned with right of survivorship must be disclosed on Schedule F.
ITEM CUSIP VALUE AT DATE
NUMBER NUMBER DESCRIPTION UNIT VALUE OF DEATH
1 Edward Jones Account No. 377-08559-1-8 - See 140,054.89
attached valuation statement re stocks/mutual funds
2 56501R106 620 shares of Manulife Financial Corp - Com 33.4125 20.715.75
3 1st Horizon Mtg PA Bond, $5000 principal- Edward 4,487.50
Jones Account No. 377-08559-1-8
4 1st Horizon Mtg SE Bond, $7000 principal- Edward 6.658.75
Jones Account No. 377-08559-1-8
5 Residential Funding Mtg Sees, $6,000 principal - 5.670.00
Edward Jones Account No. 377-08559-1-8
6 U.S. Savings Bonds - 24 Series E and EE, $25/50 face, 1,768.85
with various issue dates (See inventory attached)
7 U.S. Savings Bonds - 8 $500 face, Series HH; issued 8.000.00
02/2002
Accrued interest on Item 7 through date of death 139.56
TOTAL (Also enter on line 2. Recapitulation) 187,495.30
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule 8 (Rev. 6-98)
Rev-1508 EX+ (6-98)
*'
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
COMMONWEALTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
Williams, Thomas S.
FILE NUMBER
21-07-00170
ESTATE OF
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jolntly-owned with the right of survivorship must be disclosed on schedule F.
ITEM
NUMBER DESCRIPTION
1 Citizens Bank, Checking #610097-542-8
VALUE AT DATE
OF DEATH
5.198.95
2 Edward Jones Account No. 377-08559-1-8 - Money Market account
3.578.16
Accrued dividend on Item 2 through date of death
2.59
3
Edward Jones Account No. 377-08559-1-8 - New Frontier Bank Certificate of Deposit
5.000.00
Accrued dividend on Item 3 through date of death
85.42
4
Highmark - Refund of insurance premium
346.23
5
Luzerne County Penpay - Payable 1/31/07
330.88
TOTAL (Also enter on Line 5, Recapitulation)
14.542.23
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA.1500 Schedule E (Rev. 6-98)
REV-1151 EX+ (12-99)
.
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
Williams, Thomas S.
Debts of decedent must be reported on Schedule I.
FilE NUMBER
21-07-00170
ESTATE OF
ITEM
NUMBER
A. FUNERAL EXPENSES:
DESCRIPTION
AMOUNT
See continuation schedule(s) attached
1,085.18
1.
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
B.
Florance K. Williams
Social Security Number(s) I EIN Number of Personal Representative(s):
Street Address
26 Cardinal Drive
City Carlisle
Year(s) Commission paid
State PA Zip 17015
2007
9,000.00
2.
Attomey's Fees
Martson Law Offices
9,750.00
3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
City
Relationship of Claimant to Decedent
State
Zip
4.
Probate Fees
311.00
5. Accountant's Fees
6.
Tax Return Preparer's Fees
225.00
7.
Other Administrative Costs
102.09
TOTAL (Also enter on line 9, Recapitulation)
20,473.27
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA.1500 Schedule H (Rev. 6-98)
Rev.1502 EX+ (6-98)
.
SCHEDULE H-A
FUNERAL EXPENSES
continued
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
Williams, Thomas S.
FILE NUMBER
21-07-00170
ESTATE OF
ITEM
NUMBER
DESCRIPTION
AMOUNT
1
Florance K. Williams - Reimbursement for newspaper obituary
122.85
2
Florance K. Williams - Reimbursement for funeral reception
113.04
3
Florance K. Williams - Reimbursement for travel and hotel expenses to plan and
attend funeral service
181.29
4
George A. Strish Inc Funeral Home - Balance due
668.00
Subtotal
1,085.18
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule H-A (Rev. 6-98)
Rev-1502 EX+ (6-98)
*'
SCHEDULE H-B7
OTHER
ADMINISTRATIVE COSTS
continued
COMMONWEAlTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
Williams, Thomas S.
FILE NUMBER
21-07 -00170
ESTATE OF
ITEM
NUMBER DESCRIPTION AMOUNT
1 Martson Law Offices - Stock valuation report 23.25
2 Martson Law Offices - Short certificates 8.00
3 Martson Law Offices - Filing fee, Inheritance Tax Return 15.00
4 Martson Law Offices - Additional probate fee 50.00
5 Martson Law Offices - Certified Mail, savings bonds 5.84
Subtotal
102.09
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule H-B7 (Rev. 6-98)
Rev-1512 EX+ (6-98)
.
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
COMMONWEALTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
Williams, Thomas S.
FILE NUMBER
21-07-00170
ESTATE OF
Include unrelmbursed medical expenses.
ITEM
NUMBER DESCRIPTION
1 Choice Critical Care - Pharmacy account payable
VALUE AT DATE
OF DEATH
66.14
2 Holy Spirit Hospital - Co-pay
163.22
3 Outlook Pointe at Dillsburg - Outstanding check on death
3.323.36
4 PA Dept. of Revenue, 2006 income taxes
450.00
5 U.S. Treasury, 2006 income taxes
298.00
TOTAL (Also enter on Line 10, Recapitulation)
4,300.72
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA.1500 Schedule I (Rev. 6-98)
REV.1513 EX+ (9-00)
.
SCHEDULE J
BENEFICIARIES
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
NUMBER
Williams, Thomas S.
NAME AND ADDRESS OF
PERSON(S) RECEIVING PROPERTY
TAXABLE DISTRIBUTIONS [include outright spousal
Clistributions, and transfers
under Sec. 9116(a)(1.2)]
RELATIONSHIP TO
DECEDENT
Do Not List Trusteetsl
FILE NUMBER
21-07-00170
SHARE OF ESTATE AMOUNT OF ESTATE
(Words) ($$$)
ESTATE OF
I.
Harold K. Williams
26 Cardinel Drive
Carlisle, PA 17015
Brother
Entire residue
177 ,263.54
Total 177,263.54
Enter dollar amounts for distributions shown above on lines 15 through 18, as appropriate, on Rev 1500 cover sheet
II. NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT
BEING MADE
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART 11_ ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET
0.00
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule J (Rev. 6-98)
Estate valuation
Date of Death: 01/06/2007
Valuation Date: 01/06/2007
Processing Date: 03/05/2007
Shares
or Par
Security
Description
High/Ask
1)
102.85089 JOHNSON & JOHNSON (478160104; JNJ)
COM
NYSE
01/05/2007
01/08/2007
67.25000
66.75000
2)
154.15916 MOU RES GROUP INC (552690109; MOU)
COM
NYSE
01/05/2007
01/08/2007
25.57000
25.27000
3)
102.29494 PEPSICO INC (713448108; PEP)
COM
NYSE
01/05/2007
01/08/2007
63.22000
63.27000
4)
105.27921 US BANCORP DEL (902973304; USB)
COM NEW
NYSE
01/05/2007
01/08/2007
36.19000
36.19000
5)
Div: 0.4 Ex: 12/27/2006 Rec: 12/29/2006 Pay: 01/16/2007
51.4656 3M CO (88579Y101; MMM)
COM
NYSE
01/05/2007
01/08/2007
77.90000
78.04000
6)
248.762 AMERICAN BALANCED FD INC (024071300; BALCX)
CL C
NASDAQ
01/05/2007
7)
115.312 CAPITAL INCOME BLDR FD (140193103; CAIBX)
SH BEN INT
NASDAQ
01/05/2007
8)
798.335 CAPITAL WORLD GROWTH & INCOME (140543307; CWGCX)
CL C
NASDAQ
01/05/2007
9)
469.224 JENNISON VALUE FD (743916108; PBQIX)
CL B
NASDAQ
01/05/2007
10)
667.44 JENNISON 20/20 FOCUS FD (743979106; PTWAX)
CL A
NASDAQ
01/05/2007
11)
338.094 LORD ABBETT AFFILIATED FD INC (544001308; LAFCX)
CL C
NASDAQ
01/05/2007
Page 1
Low/Bid
66.50000 H/L
66.05000 H/L
25.22000 H/L
24.80000 H/L
62.70000 H/L
62.86000 H/L
35.70000 H/L
35.49000 H/L
77.01000 H/L
76.97000 H/L
18.90000 Bid
60.44000 Bid
41.07000 Bid
20.72000 Bid
16.03000 Bid
15.15000 Bid
Estate of: Thomas S Williams
Account: 12401.1
Report TYPe: Date of Death
Number of Securities: 14
File ID: 12401.1.ejones
Mean and/or Div and Int Security
Adjustments Accruals Value
66.637500
6,853.73
25.215000
3,887.12
63.012500
6,445.86
35.892500
3,778.73
42.11
77.480000
3,987.55
18.900000
4,701. 60
60.440000
6,969.46
41. 070000
32,787.62
20.720000
9,722.32
16.030000
10,699.06
15.150000
5,122.12
This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions,
please contact EVP Systems at (818) 313-6300. (Revision 6.4.1)
5tH. '\6"~
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L1/2)
Date of Death: 01/06/2007
Valuation Date: 01/06/2007
processing Date: 03/05/2007
Shares
or Par
Security
Description
High/Ask
Low/Bid
12)
1445.24 LORD ABBETT SECS TR (543915607; GILAX)
ALL VALUE CL C
NASDAQ
01/05/2007
11.77000 Bid
13)
1605.686 LORD ABBET INVT TR (543916506; LAUSX)
US GOV&GOVSPRC
NASDAQ
01/05/2007
2.58000 Bid
14)
776.119 VAN KAMPEN REAL ESTATE SECS FD (92113P303; ACRCX)
CL C
NASDAQ
01/05/2007
30.80000 Bid
Total Value
Total Accrual
Total $140,054.89
Page 2
Estate of: Thomas S Williams
Account: 12401.1
Report Type: Date of Death
Number of securities: 14
File ID: 12401.1.ejones
Mean and/or Div and Int Security
Adjustments Accruals Value
11.770000
17 ,010.47
2.580000
4,142.67
30.800000
23,904.47
$140,012.78
$42.11
This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions,
please contact EVP Systems at (818) 313-6300. (Revision 6.4.1)
[)-
(2/2)
Calculated Value of Your Paper Savings Bond(s)
Page 1 of 1
Calculated Value of Your Paper Savings Bond(s)
HOW TO SAVE YOUR INVENTORY
Calculator Results for Redemption Date 01/2007
Total Price
$581.25
Total Value
$1,768.85
Total Interest
$1,187.60
YTD Interest
$1.56
Bonds: 1-24 of 24
Serial # . Issue Next Final Issue Interest
Series Denom Date Accrual Maturity Price Interest Rate Value Note
L579736297EE EE $50 11/1999 02/2007 11/2029 $25.00 $8.00 4.39% $33.00
L570144326EE EE $50 10/1998 02/2007 10/2028 $25.00 $9.78 4.11% $34.78
L560708609EE EE $50 10/1997 02/2007 10/2027 $25.00 $11.78 4.11% $36.78
L549651029EE EE $50 10/1996 04/2007 10/2026 $25.00 $11.70 3.88% $36.70
L529692267EE EE $50 09/1995 03/2007 09/2025 $25.00 $13.56 3.88% $38.56
L527943911EE EE $50 10/1994 04/2007 10/2024 $25.00 $16.86 3.84% $41.86
L515213415EE EE $50 09/1993 03/2007 09/2023 $25.00 $18.76 3.81% $43.76
L481318675EE EE $50 10/1992 04/2007 10/2022 $25.00 $30.02 4.00% $55.02
L478996544EE EE $50 10/1991 04/2007 10/2021 $25.00 $32.24 4.00% $57.24
L475021861EE EE $50 07/1990 07/2007 07/2020 $25.00 $35.74 4.00% $60.74
L413987923EE EE $50 10/1989 04/2007 10/2019 $25.00 $36.96 4.00% $61.96
L363659062EE EE $50 11/1988 OS/2007 11/2018 $25.00 $39.46 4.00% $64.46
L310725738EE EE $50 11/1987 OS/2007 11/2017 $25.00 $42.06 4.00% $67.06
L274600272EE EE $50 12/1986 06/2007 12/2016 $25.00 $44.78 4.00% $69.78
L245467745EE EE $50 12/1985 06/2007 12/2015 $25.00 $55.74 4.00% $80.74
L177859425EE EE $50 11/1984 OS/2007 11/2014 $25.00 $59.00 4.00% $84.00
L141785172EE EE $50 12/1983 06/2007 12/2013 $25.00 $64.26 4.20% $89.26
Ll07642329EE EE $50 12/1982 06/2007 12/2012 $25.00 $85.52 4.00% $110.52
L98201710EE EE $50 06/1982 06/2007 06/2012 $25.00 $93.14 4.00% $118.14
L68679530EE EE $50 11/1981 OS/2007 11/2011 $25.00 $95.50 4.00% $120.50
L34096429EE EE $50 10/1980 04/2007 10/2010 $25.00 $117.88 4.00% $142.88
Q6355994093E E $25 11/1979 OS/2007 11/2009 $18.75 $79.48 4.00% $98.23
Q6229996094E E $25 11/1978 OS/2007 11/2008 $18.75 $81.01 4.00% $99.76
Q6180539177EE $25 11/1977 OS/2007 11/2007 $18.75 $104.37 4.00% $123.12
<:"/11-1 "8'1 7./~. 10
vL. .J _7tnt--
httn./ /www.treasurvdirect.gov/BC/SBCPrice
2/28/2007
Cf..~~ 1fIast ~ill aM ~.estattumt
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1
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OF
THOMAS s. WILLIAMS
I, THOMAS s. WILLIAMS, Widower, of 166 Nicholson Street, Wilkes-Barre, Pennsylvania
18702, do make, publish and declare this to be my last will and testament, hereby revoking all wills
and codicils at anytime heretofore made by me.
ARTICLE I: I order and direct that my funeral be modest in character and in keeping with
my station in life.
ARTICLE II: I order and direct that all of my just debts, the costs of my last illness and my
funeral expenses be paid from my estate as soon as practicable after my decease, as a part of the
expense of the administration of my estate.
ARTICLE ill: All of the rest, residue and remainder of my estate, real, personal or mixed, of
whatsoever nature and wheresoever situate, and whether acquired before or after the date of execution
of this my Last Will and Testament, I give, devise and bequeath to my brother, HAROLD K.
WILLIAMS. In the event that my brother, HAROLD K. WILLIAMS, shall not survive me, then, I
give, devise and bequeath my said estate to his issue who survive me, per stirpes.
ARTICLE IV: I nominate, constitute and appoint, my brother, HAROLD K. WILLIAMS,
executor of this my Last Will and Testament. In the event that my brother, HAROLD K. WILLIAMS,
shall not survive me or if he is unable or unwilling to act or to continue to act as executor, for any
reason whatsoever, then, I nominate, constitute and appoint my sister-in-law, FLORANCE K.
WILLIAMS, successor executor.
ARTICLE V:
No fiduciary under this will shall be required to give bond or other security
for the faithful performance of the fiduciary's duties. Any such fiduciary shall the following powers,
in addition to those given by law:
To invest in, accept and retain any real or personal property, including stock of a corporate
fiduciary or its holding company, without restriction to legal investments.
To sell, exchange, partition or lease for any period of time any real or personal property and
to give options therefor for cash or credit, with or without security;
To borrow money from any person including any fiduciary acting hereunder, and to mortgage
or pledge any real or personal property;
To hold shares of stock or other securities in nominee registration form, including that of a
clearing corporation or depository, or in book entry form or unregistered or in such other form
as will pass by delivery;
To engage in litigation and compromise, arbitrate or abandon claims;
To make distributions in cash, or in kind at current values, or partly in each, allocating specific
assets to particular distributees on a non-pro rata basis, and for such purposes to make
reasonable determinations of current values; and
To make elections, decisions, concessions and settlements in connection with all income,
estate, inheritance, gift or other tax returns and the payment of such taxes, without obligation
to adjust the distributive share of income or principal of any person affected thereby.
ARTICLE VI: Any term used in the singular or plural, or in the masculine, feminine or neuter
form, shall be singular or plural, or masculine, feminine or neuter as a proper reading of this will may
reqUire.
IN WITNESS WHEREOF, I, THOMAS S. WILLIAMS, have subscribed and sealed and
do publish and declare these presents as and for my last will and testament, in the presence of the
witnesses attesting the same, at my request this It/' day of F~
,2002.
L.r.,/~
'<7 b'
THOMAS S. WILLIAMS
{SEAL }
The above instrument, consisting of this and one other typewritten page, including the page
on which the undersigned have subscribed their names as witnesses, was at the date thereof signed,
sealed, published and declared by the testator as and for his last will and testament, in the presence of
us and each of us, who, at his request, in his presence, and in the presence of each other have hereunto
;f:.J
subscribed our names as witnesses, this Ii day of
C4-a, ~ '
F~- ,2002.
residing at 11.~ I A
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