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Home My WebLink About06-07-07 (2) -.-J 15056041125 REV-1500 EX (06-05) PA Department of Revenue '* ~~re:~:~~~~~uaITaxes INHERITANCE TAX RETURN Harrisbul'!l, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death . County Code Year 2 1 0 6 File Number o 0 8 7 2 Date of Birth 579149765 091 8 200 6 06021917 Decedent's Last Name Suffix Decedent's First Name MI C HOP ADOLPH (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix C HOP MAR I E MI K Spouse's First Name Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW [&l 1. Original Return o 4. Limited Estate [&l o o 2. Supplemental Return D 4a. Future Interest Compromise (date of death after 12-12-82) D 7. Decedent Maintained a Living Trust (Attach Copy of Trust) o 10. Spousal Poverty Credit (date of death D 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. 0) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number D o 3. Remainder Return (date of death prior to 12-13-82) 5. Federal Estate Tax Return Required 6. Decedent Died Testate (Attach Copy of Will) 9. Litigation Proceeds Received 8. Total Number of Safe Deposit Boxes DAVID H . R A D C L IFF , E SQ. 717 236 931 8 Finn Name (If Applicable) REGISTER OF WILLS UseONL Y R A D C L IFF LAW OFFICE, P C ___m_..I First line of address 2 0 ERFORD R 0 A D -.i Second line of address SUI T E 2 0 0 City or Post Office State ZIP Code I I., .') DATE FILED LEMOYNE P A 17043 Correspondent's e-mail address:dhrad@ix.netcom.com Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIG TU E OF IiRS N R SPONSIBLE FOR FILING RETURN MECHANICSBURG PA 17050 LEMOYNE PLEASE USE ORIGINAL FORM ONLY PA 17043 Side 1 L 15056041125 15056041125 -.-J --.J 15056042126 REV-1500 EX Decedent's Name: ADOLPH CHOP 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) ....... 5. 6. Jointly Owned Property (Schedule F) D Separate Billing Requested . . . . . .. 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) D 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, or transfers under Sec. 9116 (a)(1.2) X.O _ 16. Amount of Line 14 taxable at lineal rate X .0 17. Amount of Line 14 taxable at sibling rate X .12 18. Amount of Line 14 taxable at collateral rate X .15 4641.42 15. o . 0 0 16. o . 0 0 17. o . 0 0 18. 19. Tax Due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 L 15056042126 Decedent's Social Security Number 579149765 10857.42 10857.42 6216.00 6216.00 4641.42 4641.42 O. 0 0 O. 0 0 O. 0 0 O. 0 0 O. 0 0 D 15056042126 --.J REV-1500 EX Page 3 BecedEmt's Complete Address: DECEDENT'S NAME ADOLPH CHOP STREET ADDRESS 2100 BENT CREEK BLVD #118 -- File Number 21 06 00872 -------- -------- CITY MECHANICSBURG T STATE I PA I ZIP 17050 Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1) 0.00 Total Credits (A + B + C) (2) 0.00 3. Interest/Penalty if applicable D. Interest E. Penalty Total Interest/Penalty ( D + E) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. (4) 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 0.00 0.00 0.00 B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5A) (5B) A. Enter the interest on the tax due. 0.00 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred; ...................................................................... 0 00 b. retain the right to designate who shall use the property transferred or its income; ............................... 0 00 c. retain a reversionary interest; or ................................................................................................ 0 00 d. receive the promise for life of either payments, benefits or care? ....................................................... 0 00 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ....................................................................................... 0 00 3. Did decedent own an 'in trust for' or payable upon death bank account or security at his or her death? ......... 0 00 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? .................................................................................................. 0 00 IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1,1994 and before January 1, 1995, the tax rate imposed on the 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) *' COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF ADOLPH CHOP FILE NUMBER 21 06 00872 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1. DESCRIPTION 147 SHARES PRUDENTIAL @ $73.86 VALUE AT DATE OF DEATH 10,857.42 TOTAL (Also enter on line 2, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 10857.42 REV-1509 EX + (6-98) '* COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE F JOINTLY-OWNED PROPERTY ESTATE OF ADOLPH CHOP FILE NUMBER 21 06 00872 If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. SURVIVING JOINT TENANT(S) NAME ADDRESS RELATIONSHIP TO DECEDENT A. MARIE K. CHOP 2100 BENT CREEK BLVD #118 MECHANICSBURG, PA 17050 SPOUSE B c JOINTL Y.OWNED PROPERTY: LETTER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH ITEM FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR DATE OF DEATH DECD'S VALUE OF NUMBER TENANT JOINT IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE. VALUE OF ASSET INTEREST DECEDENT'S INTEREST 1. A. ALL OTHER PROPERTY NOT LISTED SEPARATELY ON THIS RETURN WAS JOINT WITH SURVIVING SPOUSE TOTAL (Also enter on line 6, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) REV-1511 EX + (12-99) . COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF ADOLPH CHOP SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS FILE NUMBER 21 06 00872 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative (s) Social Security Number(s)/EIN Number of Personal Representative(s) Street Address City State Zip Year(s) Commission Paid: 2. Attomey Fees RADCLIFF LAW OFFICE, P.C. 2,500.00 3. Family Exemption: (If decedenfs address is not the same as claimanfs, attach explanation) 3,500.00 Claimant MARIE K. CHOP Street Address City State Zip Relationship of Claimant to Decedent SURVIVING SPOUSE 4. Probate Fees 178.00 5. Accountanfs Fees 6. Tax Retum Prepare~s Fees 7. FILING FEES 30.00 8. ADDITIONAL SHORT CERTIFICATES 8.00 TOTAL (Also enter on line 9, Recapitulation) $ 6216.00 (If more space is needed, insert additional sheets of the same size) ",V_""":'. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF ADOLPH CHOP SCHEDULE J BENEFICIARIES RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I. TAXABLE DISTRIBUTIONS Vnclude outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] 1. MARIE K. CHOP Spousal 4,641.42 2100 BENT CREEK BLVD #118 MECHANICSBURG, PA 17050 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 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ FILE NUMBER 21 06 00872 (If more space is needed, insert additional sheets of the same size) (, 4 () LAST WILL AND TESTAMENT KNOW ALL MEN BY THESE PRESENTS, that I, ADOLPH CHOP currently residing at 65 R Autumn Lane, Enola, Cumberland County, Commonwealth of Pennsylvania, being in good health and of sound and disposing memory do hereby make, declare and publish this as my Last Will and Testament, hereby revoking all former Wills and Codicils heretofore made by me. FIRST: I direct that all of my debts not barred by the statute of limitations, expenses of my last illness, funeral expenses, costs of administration and claims allowed in the administration of my estate shall be paid by my Executor hereinafter named, from my estate as soon after my decease as shall be found convenient. SECOND: All estate, inheritance and death taxes, excluding any generation-skipping transfer tax, resulting from my death shall be paid without apportionment and without reimbursement from any person. TIDRD: I give and bequeath my jewelry, clothing, household furnishings and fixtures, chinaware, silver, photographs, works of art, books, automobiles, sporting goods, artifacts relating to my hobbies, and all other tangible articles of household or personal use (not including cash, securities, or trusts), together with any existing insurance thereon, to my wife, MARIE KENNEDY CHOP, if she survives me by thirty (30) days. Should my wife MARIE KENNEDY CHOP not be living on the thirty-first (31 st) day after my death, I bequeath my jewelry, clothing, household furnishings and fixtures, chinaware, silver, photographs, books, automobiles, sporting goods, artifacts relating to my hobbies and all other tangible articles of households or personal us (not including cash, works of art, securities, or trusts) together with any existing insurance thereon, to my granddaughters LESLIE A. HALL and JENNIFER L. DEININGER, in equal shares. If either of my granddaughters should die before the complete distribution of the tangible personal property, my Executor shall distribute the remainder of her share to her then living descendants, per stirpes. If my granddaughter has no then living descendants, my Executor shall distribute the balance of the tangible personal property to my then living descendants, per stirpes. ~ C4. a,~. FOURTH: I give, devise and bequeath the rest, residue and remainder of my estate, whether real, personal or mixed, and of any nature whatsoever and wherever situate, to my wife, MARIE KENNEDY CHOP, if she survives me by thirty (30) days. FIFTH: If my spouse is not living on the thirty-first (31 st) day after my death, my Executor shall divide the remaining trust property into as many shares as shall be necessary to create one equal share for each of my then living granddaughters, and one equal share for each of my deceased granddaughters who has then living descendants. A. The share of each granddaughter who survives me shall be distributed as follows: 1. The trust share for LESLIE A. HALL shall be held in trust and administered and distributed as follows: a. My Trustee shall apply to, or for the benefit of LESLIE A. HALL, at least quarterly, all of the net income from her trust share. b. My Trustee, in its sole and absolute discretion, shall apply to, or for the benefit of LESLIE A. HALL, as much of the principal from her trust as my Trustee deems advisable for the health, education, support and maintenance of LESLIE A. HALL. c. LESLIE A. HALL shall have the unlimited and unrestricted general power to appoint, by a valid last will and testament or by a valid trust agreement, the entire principal and any accrued and undistributed net income of her trust share as it exists at her death. In exercising this general power of appointment, LESLIE A. HALL must specifically refer to this power. at!. 2 LESLIE A. HALL shall have the sole and exclusive right to exercise the general power of appointment. This general power of appointment specifically grants to LESLIE A. HALL the right to appoint property to her own estate. It also specifically grants to her the right to appoint the property among persons, corporations, or other entities in equal or unequal proportions, and on such terms and conditions, whether outright or in trust, as she may elect. To the extent this general power of appointment is not exercised, my Trustee shall distribute the remaining trust property to the then living descendants of LESLIE A. HA.LL, per stirpes. If LESLIE A. HALL has no then living descendants, my Trustee shall distribute the balance of the trust propel1y to my then living descendants, per stirpes. If I have no then living descendants, my Trustee shall distribute one-half of the remaining trust property to those persons who should be my heirs if I had died intestate o'Wl1ing such property and one-half of the remaining trust property to those persons who should be the heirs of MARIE KENNEDY CHOP if she had died intestate o'Wl1ing such property. The distribution of trust property, for purposes of this Paragraph FIFTH, shall be determined by the laws of descent and distribution for intestate estates in the Commonwealth of Pennsylvania as such laws are in effect at the time of a distribution under this Paragraph. 2. The trust share for JENNIFER L. DEININGER shall be held in trust and administered and distributed as follows: ()r! < 3 a. My Trustee shall apply to, or for the benefit of JENNIFER 1. DEININGER, at least quarterly, all of the net income from her trust share. b. My Trustee, in its sole and absolute discretion, shall apply to, or for the benefit of JENNIFER 1. DEININGER, as much of the principal from her trust as my Trustee deems advisable for the health, education, support and maintenance of JENNIFER 1. DEININGER. c. JENNIFER 1. DEININGER shall have the unlimited and unrestricted general power to appoint, by a valid last will and testament or by a valid trust agreement, the entire principal and any accrued and undistributed net income of her trust share as it exists at her death. In exercising this general power of appointment, JENNIFER 1. DEININGER must specifically refer to this power. JENNIFER 1. DEININGER shall have the sole and exclusive right to exercise the general power of appointment. This general power of appointment specifically grants to JENNIFER 1. DEININGER the right to appoint property to her own estate. It also specifically grants to her the right to appoint the property among persons, corporations, or other entities in equal or unequal proportions, and on such terms and conditions, whether outright or in trust, as she may elect. To the extent this general power of appointment is not exercised, my Trustee shall distribute the remaining trust property to the then living descendants of JENNIFER 1. DEININGER, per stirpes. If JENNIFER 1. DEININGER has no then living descendants, my Trustee shall distribute the balance of the trust property to my then living . descendants, per stirpes. o,c, 4 If! have no then living descendants, my Trustee shall distribute one-half of the remaining trust property to those persons who should be my heirs if I had died intestate owning such property and one-half of the remaining trust property to those persons who should be the heirs of MARIE KENNEDY CHOP if she had died intestate owning such property. The distribution oftmst property, for purposes of this Paragraph FIFTH, shall be determined by the laws of descent and distribution for intestate estates in the Commonwealth of Pennsylvania as such laws are in effect at the time of a distribution under this Paragraph. B. Each share set aside for a deceased grandchild who has then living descendants or the remaining trust property of a deceased grandchild's trust share shall be divided into trust shares, per stirpes, administered, and distributed as follows: 1. The surviving natural parent of any great grandchild, who is under the age of22 when his or her trust share has been created, shall be the beneficiary of the income of that trust share until my great grandchild attains the age of 22. 2. If any descendant of a deceased grandchild is under 33 years of age, then my Trustee shall retain such share in trust under the provisions of Paragraph SIXTH. 3. If any descendant of a deceased grandchild is over 33 years of age and is not legally capacitated, my Trustee shall distribute that descendant's share outright to the descendant. SIXTH: Administration for Great Grandchildren A. My Trustee may make the distributions called for in this Paragraph in anyone or more of the following ways: 4' {! ~ 5 1. Directly to a beneficiary. 2. To persons, corporations, or other entities for the use and benefit of the beneficiary . 3. To an account in a commercial bank or savings institution in the name of the beneficiary, or in a form reserving the title, management, and custody of the account to a suitable person, corporation, or other entity for the use and benefit of the beneficiary. 4. In any prudent form of annuity purchase for the use and benefit of the beneficiary . 5. To any person or duly licensed financial institution, including my Trustee, as a custodian under the Uniform Transfers to Minors Act, or any similar act, of any state, or in any manner allowed by any state statute dealing with gifts or distributions to minors or other individuals under a legal disability. 6. To any guardian, agent under a valid power of attorney, or other person deemed by my Trustee to be responsible, and who has assumed the responsibility of caring for the beneficiary. B. If any trust property becomes distributable to a beneficiary when the beneficiary is under 33 years of age, my Trustee may retain that beneficiary's share in a separate trust until he or she attains 33 years of age, and administer that share as follows: 1. My Trustee shall apply to or for the benefit of the beneficiary as much of the net income (after the age of22) and principal of the trust as my Trustee, in its sole and absolute discretion, deems necessary or advisable for the beneficiary's education and health. In making any distributions of income and principal under this Paragraph, my Trustee shall be mindful of, and take into consideration to the extent it deems necessary, any additional sources of income and principal available to the beneficiary which arise outside of this agreement. Any net income not distributed to a beneficiary shall be accumulated and added to principal. ct, {' , 6 2. My Trustee shall also distribute income and principal for the benefit of the beneficiary as follows: When a beneficiary reaches the age of 22, or if on the creation of his or her trust share, he or she has already attained the age of 22, my Trustee shall begin distributing the income of that trust share to the beneficiary in quarterly or more convenient installments and shall distribute one-fourth of the trust share accumulated net income and principal, as it is then constituted, to the beneficiary, free of the trust. When a beneficiary reaches the age of 30, or if on the creation of his or her trust share, he or she has already attained the age of 30, my Trustee shall distribute one-half of the tru$t share accumulated net income and principal, as it is then constituted, to the beneficiary, free of the trust. My Trustee shall distribute the balance of the trust share accumulated net income and principal, as it is then constituted, to the beneficiary, free of the trust, when he or she attains the age of33. 3. If a beneficiary should die before the complete distribution of his or her trust, the trust shall terminate and all of the trust property shall be distributed to such persons, corporations, or other entities, including the beneficiary's own estate, in the manner in which the beneficiary shall elect. This general power of appointment must be exercised by the beneficiary by either a valid living trust or last will and testament, either of which specifically refers to this power of appointment. To the extent this general power of appointment is not exercised, my Trustee shall distribute the remaining trust property to the then living descendants of the beneficiary, per stirpes. If the beneficiary has no then living descendants, my Trustee shall distribute the remaining trust property to my then living descendants, per stirpes. IfI have no then living descendants, my Trustee shall distribute one-half of the remaining trust property to those persons who should be my heirs if I had died C. t (. e 7 intestate owning such property and one-half of the remaining trust property to those persons who should be the heirs of MARIE KENNEDY CHOP if she had died intestate owning such property. The distribution of trust property, for purposes of this Paragraph, shall be determined by the laws of descent and distribution for intestate estates in the Commonwealth of Pennsylvania as such laws are in effect at the time of a distribution under this Paragraph. 4. My Trustees may make payments to or on behalf of any person who is the beneficiary of any trust hereunder but in no event, however, shall payments be made to any creditor or other such person because of anticipation of payment by the beneficiary, and any such claim made by way of anticipation by the beneficiary shall be of no validity or legal effect. 5. My Trustees, at their discretion. may exhaust'all of the principal and income in carrying out the purposes of this trust and should the amount held in trust be or become so small as to make it impractical or economically unfeasible to continue holding said amount in trust, the Trustee may, at their discretion, pay the total amount of said trust directly to the beneficiary or to a parent or guardian of said beneficiary or place said amount in a savings account for the benefit of said minor until said minor becomes of age. SEVENTH: I hereby nominate, constitute, and appoint my wife MARIE KENNEDY CHOP, as Executor oftrus, my Last Will and Testament. In the event that MARIE KENNEDY CHOP shall predecease me, or be unwilling or unable to act as my Executor, as aforesaid, then I nominate, constitute and appoint LESLIE A. HALL, to serve without compensation, without necessity for posting security regardless of state of residence, as Executor of this, my Last Will and Testament. EIGHTH: The initial Trustees for any trust share created under this Will shall be the then current adult income beneficiary and Waypoint Bank. No Trustee shall be required to post security regardless of state of residence. ~J C 8 Any Trustee for any trust share may be removed by the beneficiary then eligible to receive mandatory or discretionary distributions of net income from that trust share. Notice of removal must be in writing but need contain no reason, grounds or cause for removal. Removal shall be effective upon the acceptance of the trusteeship by a successor Trustee selected as specified in this Paragraph EIGHTH. The beneficiary then eligible to receive mandatory or discretionary distributions of net income from that trust share shall name a corporate fiduciary as successor Trustee for the respective tmst share whenever a vacancy occurs or may be created by removal so that there is at all times a corporate Trustee and so that an individual person does not act as sole Trustee. Any corporate fiduciary appointed under this Will shall be a bank or trust company having trust powers under applicable state law. NINTH: My Executor and Trustee shall have, in addition to the powers and authority conferred upon them by law, the following additional powers and authority: 1. To sell at public or private sale, exchange, lease, mortgage or pledge any property, real or personal, at any time constituting a portion of a trust or my estate, and upon such terms and conditions as the Executor or Trustee shall deem wise. 2. To invest any money at any time in such bonds, stocks, notes, real estate, mortgages, life insurance, annuities or other securities, or such property, real or personal, as the Executor or Trustee shall deem wise, without being limited by any statutes or rule of law regarding investments by the Executor or Trustee. 3. To retain, without incurring any liability, as investments, any property owned by me at the time of my death, as long as they deem it wise, and even though such property is not the kind of property an Executor or Trustee would purchase as an investment; and even though to retain such property might violate sound diversification principles; and to make any division, distribution or partition of the estate or trust property in cash or kind, or partly in cash and partly in kind, pro rata or non-pro rata. ~~c, 9 4. To cause any security or other property which may constitute a portion of a trust or of my estate to be issued, held or registered in their own name, or in the name of a nominee, or in such form that title will pass by delivery. 5. To consent to the reorganization, consolidation, readjustment of the [mancial structure, or sale of the assets of any corporation or other organization, the securities of which constitute a portion of a trust or of my estate, and to take any action with reference to such securities which, in the opinion of the Executor or Trustee is necessary to obtain the benefit of any such reorganization, consolidation, readjustment or sale; to exercise any conversion privilege or subscription right given to them as owner of any securities constituting a portion of a trust or of my estate resulting from any reorganization, consolidation, readjustment, sale, conversion or subscription. 6. To pay all costs, taxes, charges and expenses in connection with the administration of a trust or of my estate, including such compensations to Executor or Trustee which shall be in accordance with established fees throughout the period of administration of a trust or of my estate. 7. To determine what is "income" and what is "principal" hereunder, and their decision thereon shall be final; and to purchase securities at a premium or discount, and to apply or charge said premium or discount against income or principal as the Executor or Trustee may determine. 8. To borrow money from any person, firm or corporation, including any corporation acting as an Executor or Trustee hereunder, for the purpose of protecting and preserving or improving my estate or trust hereunder; to execute promissory notes or other obligations for amounts so borrowed upon such terms and conditions as they deem advisable. 9. To employ legal counsel, accountants, brokers, investment advisors, custodians, managers and other agents and employees and to pay them reasonable compensation out of my estate or any funds held hereunder to which said compensation is attributable. ()f . 10 10. To carry on arty business owned or controlled by me at my death for whatever period oftime they shall think proper, and they shall have the power to do any and all things they deem necessary or appropriate, including the power to close out, liquidate or sell the business at such time and upon such terms as to them shall deem best. 11. The Executor or Trustee may, but shall not be required to, prepare and file accountings with any Court. Prior to delivering all of the property of any trust hereunder to a successor Trustee or to making any partial or complete distribution of trust principal or of my estate assets, the Executor or Trustee may require an approval of its accounting either by a release and discharge by the benefiGiary or beneficiaries of any such trust or by a Court of competent jurisdiction. All of the Executor's or Trustee's fees and expenses (including reasonable attorney's fees) attributable to any such accounting and approval shall be paid by such trust. 12. The Trustee in its sole and absolute discretion may terminate any trust hereunder at any time it determines that the aggregate value of the trust property renders continued administration economically infeasible and, upon such termination, shall pay over the remaining trust property to the income beneficiary or, proportionately, the income beneficiaries thereof (or to a parent or legal guardian in the case of a minor beneficiary). Upon such termination, the remainder interest in such trust shall be extinguished and the Trustee shall be accountable with respect to such trust only to such income beneficiary or beneficiaries (or to a parent or legal guardian in the case of minor beneficiary). 13. To minimize any tax in respect of any trust, or any beneficiary thereof, or for such other purpose as it deems appropriate, the Trustee may in its sole and absolute discretion remove all or any part of the property of, or the situs of administration of, such trust from one jurisdiction to another and elect, by an instnunent filed with the trust records, that thereafter such trust shall be construed, regulated and governed as to administration by the laws of such other jurisdiction. 14. To do all other acts in their judgment necessary or desirable for the proper and advantageous management, investment and distribution of a trust or of my estate. ac 11 IN WITNESS WHEREOF, I, ADOLPH CHOP, the Testator to this, my Last Will and Testament, typewritten on twelve sheets of paper which I have identified at the bottom of each page by my T.-itials, hereunto set my hand and seal the /'3 1j day of f" ~ tJ 2004. copy {lj;t;J ~~]J ~ ADOLPH CHOP / The preceding instrument consisting of this and eleven other typewritten pages, each identified by the initials of the Testator, ADOLPH CHOP, this day and date thereof signed, published and declared by ADOLPH CHOP, the Testator therein named, as and for his Last Will, in the presence of us who, at his request, in his presence, and in the presence of each other have subscribed our names as witnesses. ~H.j~ ~{,~/Tdf{r ?/ oc~ 12 COMMONWEALTH OF PENNSYLVANIA SS COUNTY OF CUMBERLAND I, ADOLPH CHOP, Testator, whose name is signed to the attached or foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed and executed the instrument as my Last Will; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. ~~ (!l~7P ADOLPH CH P I' Sworn or affirmed to and acknowledged before me by ADOLPH CHOP, Testator, the r-- 13u.-- dayof ~mHAA-<.~'2004. . . ) ." 'i<Ju..J;~ oV!' ;;,~. . (SEAL) Notary Public IV NOTARIAL SEAL Roberta L. Radcliff, Notary Public Wormleysburo Borough, County of Cumoorland My Commission Expires Jan. 20, 2005 COMMONWEALTH OF PENNSYLVANIA : SS COUNTY OF CUMBERLAND We ~'.\\\(.\rn ~. S\O\LE"r and Dl-iutJ:> // &l::>CLJ/,-C ,the witnesses whose names are signed to the attached or foregoing instrument, being duly qualified according to law, do depose and say that we were present and saw Testator sign and execute the instrument as his Last Will; that he signed willingly and that he executed it as his free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the Testator signed the Will as witnesses; and that to the best of our knowledge the Testator was at that time eighteen or more years of age, of sound mind and under no constraint or undue influence. LJ~ 11. ~ o Cl~~'/ /-J-~~/ ./ ~om or affirmed t~nd snbscribed to before me by LJ/ LLI A-m II. S 1?;1t.~ and Drw.'b J.J. Kith LL' FF- witnesses, this I .3'M. day of ~ ' 2004. (SEAL) ~~ _ -,-..Eo 1dJ. Notary Public H r NOTARIAL SEAL Roberta L. Radcliff, Notary Public Wormleysburg Borough, County of Cumberland My Commission Expires Jan. 20, 2005 13