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Home My WebLink About06-19-07 (2) '~ --.J 15056041147 REV-1500 EX (06-05) 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 OFFICIAL USE ONLY *' County Code Year INHERITANCE TAX RETURN RESIDENT DECEDENT 2 1 0 6 File Number 0905 Date of Birth 330072643 09202006 06041913 Decedent's Last Name Suffix Decedent's First Name MORELLI ALVEZIO MI J (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI MORELLI JANET Spouse's Social Security Number 330074438 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW [!] 1. Original Retum 0 2. Supplemental Return 4. Limited Estate 4a. Future Interest Compromise (date of death after 12-12-82) 3. Remainder Return (date of death prior to 12-13-82) 5. Federal Estate Tax Return Required [KJ 6. Decedent Died Testate (Attach Copy of Will) X 7 Decedent Maintained a Living Trust . (Attach Copy of Trust) 8. Total Number of Safe Deposit Boxes 9 Litigation Proceeds Received 10 Spousal Poverty Credit (date of death . between 12-31-91 and 1-1-95) 11. Election to tax under Sec. 9113(A) (Attach Sch. 0) ~ORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: ame Daytime Telephone Number MARIELLE F HAZEN 7175404332 Firm Name (If Applicable) HAZEN ELDER LAW REGISTE~ OF WILLS USE ONLY ~- , -, . First line of address ... 2000 LINGLESTOWN RD. Second line of address I 1"\ SUITE 202 City or Post Office HARRISBURG DA TEl FILED State PA ZIP Code 17110 Correspondent's e-mail address: 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. SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN DATE ~ f '?1t~ Richard Morelli C ).'/61 ADDRESS 17055 Marielle F Hazen ADDRESS 2000 Linglestown Rd., Harrisburg, PA 17110 Side 1 L 15056041147 15056041147 --.J uvJ ~ 15056042148 REV-1500 EX Decedent's Nama Alvezio J. Morel! i RECAPITULATION 1. Real Estate (Schedule A).... 2. Stocks and Bonds (Schedule B)........................................................... 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) Separate Billing Requested............. 6. 7. Inter-Vivos Transfers & Miscellaneous N~Il~Probate Property (Schedule G) . 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).......... 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. 16. Amount of Line 14 taxable at the spousal tax rate, of transfers under Sec. 9116 (a)(1.2) X ~ 9,576 32 Amount of Line 14 taxable at lineal rate X .045 0 00 Amount of Line 14 taxable at sibling rate X .12 0 00 Amount of Line 14 taxable at collateral rate X .15 0 00 17. 18. 19. Tax Due..................................... 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. Side 2 L 15056042148 Decedent's Social Security Number 330072643 1. 2. 55,774.62 5,588.60 11. 1 202, 184 06 1 263 547 28 ___ ____________u___ -----~---~ 37 515 00 14 , 271 90 51 786 90 1 211 760 38 1 202 184 06 9, 576 32 -.. --- ---- ----~--- 15. o 00 16. o 00 17. o 00 18. o 00 19. o 00 D 15056042148 ~ REV-1500EXPage3 File Number 21-06-0905 Decedent's Complete Address: DECEDENT'S NAME Alvezio J. Morelli -~~~-----_.._-_.._.~- ."- - --- ------------------ STREET ADDRESS Messiah Village, 100 Mount Allen Drive, Mechanicsburg CITY STATE ZIP Mechanicsburg PA 17055 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit 8. Prior Payments C. Discount (1 ) 0.00 0.00 3. InteresUPenalty if applicable D. Interest E. Penalty Total Credits (A + 8 + C) (2) 0.00 TotallnteresUPenalty (D + E) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 2 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. 8. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (3) (4) (5) (5A) (58) 0.00 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: 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?........................................ ..................................................................... ......... Yes No ~ ~ ~] ~xl 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?.......... ................................................. .......................................... ................ x IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. ~-: rxl ~-~ 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. s9116 (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. s9116 (a) (1.1) (ii)). The statute does not exempt 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. S9116 (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. S9116 1.2) [72 P.S. s9116 (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. s9116 (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. Re';:1503 EX+ (6.98) *' SCHEDULE B STOCKS & BONDS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Morelli, Alvezio J. FILE NUMBER 21-06-0905 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 1 350 shares of Exelon Co. stock 59.35 20.772.50 2 1,077.7815 shares of Zweig Total Return Fund 5.5119707 5.940.70 3 Zweig Total Return Fund - accrued dividend 45.27 4 Municipal Bond Fund Trust Series 48 - accrued 31.90 interest 5 Municipal Bond Fund Trust Series 48 721.30 6 Municipal Bond Fund Trust Series 60 701.35 7 Municipal Bond Fund Trust Series 60 - accrued 25.60 interest 8 800 shares of Southern Co. stock 34.42 27.536.00 TOTAL (Also enter on Line 2, Recapitulation) 55.774.62 (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 B (Rev. 6-98) Rev-1508 EX+ (5-98) . SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Morelli, Alvezio J. FILE NUMBER 21-06-0905 Include the proceeds of litigation and the date the proceeds were received by the estate All property jointly-owned with the right of survivorship must be disclosed on schedule F. ITEM NUMBER DESCRIPTION 1 Money Market Obligs Tr - money market fund VALUE AT DATE OF DEATH 5.059.33 2 Caremark Rx Inc. - prescription refund 15.00 3 Exelon Pension Fund - Pension payment 514.27 TOTAL (Also enter on Line 5, Recapitulation) 5.588.60 (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-1510 EX+ (6.96) *' SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Morelli, Alvezio J. FILE NUMBER 21-06-0905 This schedule must be completed and filed ~ the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM DESCRIPTION OF PROPERTY DATE OF DEATH % OF DECO'S EXCLUSION TAXABLE NUMBER INCLUDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. 1 Federal Home Ln Mtg Corp. - accrued interest; 645.83 100.000 645.83 AI J. Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 2 Federal Home Ln Mtg Corp. - accrued interest; 135.42 100.000 135.42 AI J. Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 3 Federal Natl Mtg Assn - accrued interest; AI J. 568.75 100.000 568.75 Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 4 Federal Natl Mtg Assn - accrued interest; AI J. 450.00 100.000 450.00 Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 5 Federal Natl Mtg Assn - accrued interest; AI J. 282.29 100.000 282.29 Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 6 Federal Natl Mtg Assn - accrued interest; AI J. 794.44 100.000 794.44 Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 7 Federal Natl Mtg Assn - accrued interest; AI J. 626.82 100.000 626.82 Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 8 Illinois Hsg Dev Auth Rev - accrued interest; AI 38.54 100.000 38.54 J. Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse Total of Continuation Schedules See attached pages TOTAL (Also enter on Line 7. Recapitulation) 1.202.184.06 (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 G (Rev. 6-98) Rev-1510 EX+ (6-98) *' SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY continued COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Morelli, Alvezio J. FILE NUMBER 21-06-0905 ITEM DESCRIPTION OF PROPERTY DATE OF DEATH % OF DECO'S TAXABLE EXCLUSION NUMBER INCLUDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. 9 Royce FD - mutual fund - AI J. Morelli Revocable 19.348.32 100.000 19.348.32 Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 10 Federal Home Ln Mtg Corp - AI J. Morelli 48.537.45 100.000 48.537.45 Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 11 50,000 shares of Federal Home Ln Mtg Corp. - AI 48,499.65 100.000 48,499.65 J. Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 12 818 shares of Duke Energy Corp. Stock - AI J. 24,728.14 100.000 24.728.14 Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 13 8770 shares of Exelon Stock - AI J. Morelli 520.499.50 100.000 520.499.50 Revocable TRust datted 1/4/93; Primary beneficiary, Janet Morelli, spouse 14 50,000 shares of Federal Home Ln Banks - AI J. 49,156.25 100.000 49.156.25 Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 15 Federal Home Ln Banks - accrued interest; AI J. 459.38 100.000 459.38 Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 16 75,000 shares of Federal Natl Mtg Assn - AI J. 73,593.75 100.000 73.593.75 Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule G (Rev. 6-98) R.';-1510 EX+ (6-98) *' SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY continued COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Morelli, Alvezio J. FILE NUMBER 21-06-0905 ITEM DESCRIPTION OF PROPERTY DATE OF DEATH TAXABLE % OF DECO'S EXCLUSION NUMBER INCLUDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. 17 50,000 shares of Federal Natl Mtg Assn - AI J. 48,921.90 100.000 48.921.90 Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 18 50,000 shares of Federal Natl Mtg Assn - AI J. 48.250.00 100.000 48.250.00 Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 19 5000 shares of Illinois Hsg Dev Auth Rev - AI J. 5,030.25 100.000 5.030.25 Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 20 75,000 shares of Federal Natl Mtg Assn - AI J. 74.320.35 100.000 74.320.35 Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 21 50,000 shares of Federal Natl Mtg Assn - AI J. 48.531.25 100.000 48.531.25 Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 22 Money Market Obligs Tr - money market fund - AI 18.386.56 100.000 18.386.56 J. Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 23 Templeton Inst Fds Inc - mutual fund - AI J. 22,419.94 100.000 22.419.94 Morelli Revocable Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse 24 UBS Fds - mutual fund - AI J. Morelli Revocable 147.959.28 100.000 147.959.28 Trust dated 1/4/93; Primary beneficiary, Janet Morelli, spouse TOTAL (Also enter on Line 7, Recapitulation) 1.202.184.06 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule G (Rev, 6-98) RE'II.1151 EX+ (12.99) *' SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Morelli, Alvezio J. Debts of decedent must be reported on Schedule I. FILE NUMBER 21-06-0905 ITEM NUMBER A. FUNERAL EXPENSES: DESCRIPTION AMOUNT See continuation schedule(s) attached 6,888.10 B. 1. ADMINISTRATIVE COSTS: Personal Representative's Commissions Richard Morelli Social Security Number(s) / EIN Number of Personal Representative(s): Street Address 15 Laurel Drive City Mechanicsburg Year(s) Commission paid State PA Zip 17055 15,000.00 2. Attorney's Fees Marielle F Hazen 15,000.00 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 155.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs See continuation schedule(s) attached 471.90 TOTAL (Also enter on line 9, Recapitulation) 37,515.00 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 ESTATE OF Morelli, Alvezio J. FILE NUMBER 21-06-0905 ITEM NUMBER DESCRIPTION AMOUNT 1 Gingrich Memorial - gravemarker 2.300.00 2 Malpezzi Funeral Home - funeral expenses 4.588.10 Subtotal 6.888.10 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 ESTATE OF Morelli, Alvezio J. FILE NUMBER 21-06-0905 ITEM NUMBER DESCRIPTION AMOUNT 1 Evaluation Services Fee - fee for service to obtain date of death asset valuations 12.80 2 First American Bank - trustee fees 176.10 3 Cumberland Law Journal - legal estate notice 75.00 4 The Carlisle Sentinel - legal estate notice 208.00 Subtotal 471.90 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H-B7 (Rev. 6-98) Rey.1512 EX+ (6.98) . SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS COMMONWEAlTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Morelli, Alvezio J. FILE NUMBER 21-06-0905 Include unrelmbursed medical expenses. ITEM NUMBER DESCRIPTION 1 Alert Pharmacy Services - medical expense VALUE AT DATE OF DEATH 195.00 2 Alert Pharmacy Services - medical expense check dated 9/19/06 - cleared after death 185.35 3 Messiah Village - nursing home - final bill 8.197.55 4 Mobile X-Ray Imaging - medical expense 38.19 5 Sheperdtown Family Practice - medical expense check dated 9/18/06 - cleared after death 19.74 6 Messiah Village - nursing home bill 5.472.02 7 Heritage Medical Group, LLP - medical expense 21.89 8 Paul D. Dalbey, DPM - medical expense 7.53 9 Sheperdtown Family Practice - medical expense 24.06 10 Verizon - final telephone bill 110.57 TOTAL (Also enter on Line 10, Recapitulation) 14,271.90 (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) ESTATE OF NUMBER I. 1 2 3 . SCHEDULE J BENEFICIARIES COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT Morelli, Alvezio J. NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [include outright spousal aistributions, and transfers under Sec. 9116(a)(1.2)] AI J. Morelli Revocable Trust First American Bank, Trustee 218 W. Main Street Dundee,IL 60118 Janet Morelli Messiah Village 100 Mount Allen Drive Mechanicsburg, PA 17055 Richard Morelli 15 Laurel Drive Mechanicsburg, PA 17055 RELATIONSHIP TO DECEDENT Do Not List Trusteelsl FILE NUMBER 21-06-0905 SHARE OF ESTATE AMOUNT OF ESTATE (Words) ($$$) Trust One-hundred percent Life estate beneficiary of Revocable Trust Remainder beneficiary of Revocable Trust Total 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 See continuation schedule(s) attached B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1,202,184.06 1,202,184.06 TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA.1500 Schedule J (Rev. 6-98) Rev.1502 EX+ (5-98) . SCHEDULE .J.IIA SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE continued COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Morelli, Alvezio J. FILE NUMBER 21-06-0905 ITEM NUMBER 1 DESCRIPTION AI J. Morelli Revocable Trust dated January 4,1993 and First Amendment to AI Morelli Revocable Trust dated May 24, 1996 (includes all assets listed on Schedule G) AMOUNT 1.202.184.06 Subtotal 1.202.184.06 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule J-IIA (Rev. 6-98) COpy f-.AST WILL ;\.NIl TESTAMENT ~ ALVEZIO J. MORELLI I, ftLVEZIO J. MORELLI (also known as Al J. Morelli) of the Village of Riverside, County of Cook, and State of Illinois, do hereby revoke any and all tormer Wills and testamentary dispositions heretofore at any time made by me, and do make, publish and declare ~ this to be my Last Will and Testament, intending hereby to dispose of all property, reul, personal and mixed, of which I may die seized or possessed. FIRST I hereby direot my Exeoutor, hereinafter named, to pay as soon as oonvenient after my deoease my just debts (exoept suoh as shall be secured by liens on real esaate ) and my funeral and expenses, inoluding all estate, inheritanoe, sUooession taxes, and any interest or penalties thereon, assessed way by reason of my death. Sl!."'C<WQ: I give and bequeath all of my jewelry, personal and all my other goods and chattels to my wife, Janet S. THIRD; All the rest, residue and remainder of my estate personal and mixed, and wheresoever situated, 01 whioh I shall or possessed or in which I may have any interest at the death, I give and bequeath to the then acting Trustee or of AL J. I>10RELLI REVOCABLE TRUST AGHEENENT dated , 199$. to be held under the then terms thereof. I nominate and appoint my wife, JANET S. lOHELLI, to be Exeoutor of this my Last Will and Testament. In the vent that my said wife shall fail to qualify, or having qualified shall tail to aot, as Exeoutor, then I nominate and appoint my son, RICHARD S. MORELLI, to be suooessor Exeoutor hereunder. It both my said wife and my said son shall fail to qualify, or having qualified shall fail to aot, as Exeoutor, then I nominate and appoint JOHN F. BOYLE, who now resides in Elmhurst, Illinois, to be suooessor Exeou- tor hereunder. None of suoh Exeoutors shall be required to provide a oorporate surety bond. I hereby grant the following powers to my Exeoutor: 1. I authorize and empower my Exeoutor to sell or exohange all or any part of the real and personal estate of whioh I may die seized or possessed whenever my Exeoutor shall deem it advisable to do s~, and to do so without order of Court. ~y Exeoutor shall have the power to compromise olaims in favor of or against my estate. 2. My Executor shall make all divisions and apportionments of property, real, personal and mixed, that may become necessary in the distribution of my estate. Any such distribution may be made either in cash or in kind, o~ partlvin cash and partly in kind, as Exeoutor may determine, and for the purposes hereof my Executor empowered to convey and assign such property without order of All property distributed in kind which is included in my estate at the time of my death shall be valued at the valuation current at the time or times of distribution. J. 1 direct my Executor to make such elections unde~ the tax laws as my Exeoutor shall deem advisable without regard to the relative interests of the beneficiaries. No adjustment shall be made between prinoipal and inoome or in the relative interests 01 the benefioiaries to oompensate for the effect of elections under the tax laws made by my Executor. FIFTH: If my wife and I shall die in a oommon aooident or -2- under such clrcumstances that there ls not sufficient evldence that we have d led other than slmul taneously, then and in such event my estate shall be disposed of and thls Wll1 shall be read to the same effect as though my wife had failed to survive me. and IN WITNESS WHEREOF', I have hereunto subscribed affixed my seal this ~~.. 4 day of Jl.e........I..4--yl I have wrltten my name in full on the~~gin of e ch my name ,199i. and preceding pag e. ~&; <seal) The foregoing instrument, consisting of three (3) pages, this included, was, on the date thereof, subscribed by the testator, ALVEZIO J. MORELLI, as and for and was at the Same time deolared by him to be his Last Will and Testament, in the presence of us, who at the same time at his request, and in his presence and in the presence of each other, have hereunto set our names as attesting witnesses ( having also seen the said Testator write his name on the margin of eaoh page hereof, except the last), and we do hereby deolare that in our opinion at the time of signing the said Will the said ALVEZIO MORELLI was of sound and disposing mind, memory and und er stand ing . ~ '-rn..J~,,~ u Reaidins at "'Jf-I ~~. & 1 ~~~ Reaid ing at Resid ing at -)- I ~,;,..-...::.. I, . ""~s;~~g~;11,~t~~~~J:~~:,~'Lc~1~_ AL J. MORELLI REVOCABLE TRUST AGREEMENT MEMORANDUM OF AGREEMENT, made and entered into this {.{f-~ day of ~~ MORELLI, also know~ AL J. MORELLI, of Riverside, Illinois, , 199~ by and between ALVEZIO hereinafter referred to as the "Settlor," and AL J. MORELLI, not individually, but as Trustee, hereinafter called the "Trustee" and referred to in the neuter gender; ---------- WIT N E SSE T H: WHEREAS, the Settlor desires to create a revocable trust for the benefit of himself; NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements hereinafter set forth, the o Settlor does hereby assign, transfer and set over to AL J. 1.I0RELLI, as Trustee, the property described in Schedule "A" hereto attached and made a part hereof, which property (together with all additions thereto and the property into which the same or any part thereof may be converted) shall be held in trust for the benefit of the Settlor and others as hereinafter provided. ARTICLE FIRST DISTRIBUTION DURING THE SETTLOR'S LIFETIME During the Settlor's lifetime the Trustee shall hold the Trust Estate upon the following terms and conditions: 1. The Trustee shall each calendar year pay over all of the net income from the Trust Estate to the Settlor, in convenient installments, at least quarterly, during his lifetime. 2. The Trustee shall pay over to the Settlor, or apply for his benefit, so much of the corpus of the Trust Estate () as he shall from time to time request in writing. , '''...._<-._',..".:...,~.;:::tt:~~\f.'' 3. If at any time a residence shall be one of the assets of the Trust Estate, the Trustee is authorized to make such residence available to the Settlor for living quarters for himself and his family without the payment of any rent therefor. In such event, the Trustee shall make payment of all costs of maintenance of such residence including but not limited to the payment of real estate taxes, heat and utilities costs, repairs and insurance. o 4. If at any time or times the Settlor is under a legal disability, or because of physical or mental incapacity is, in the opinion of a physician licensed to practice in Illinois, unable to manage his affairs, then the Trustee may use such sums from the income and corpus of the Trust Estate as the Trustee shall deem necessary or desirable for the health, proper maintenance and best interests of the Settlor and his wife. Any income not so used shall be accumulated and added to the corpus of the Trust Estate at the end of each taxable year. ARTICLE SECOND PAYMENTS AT THE SETTLOR'S DEATH Upon the Settlor's death, the Trustee shall pay from the corpus of the Trust Estate such sums as shall be necessary to pay the expenses of the Settlor's last illness, funeral expenses, claims allowable against his estate, administration expenses, including ancillary, and all estate, inheritance, succession, transfer and income taxes (including any deficiency, penalties and interest thereon) assessed by reason of his death, except that the amount, if any, by which the estate and inheritance taxes shall be increased as a result of the inclusion of property () - 2 - over which the Settlor may have powers of appointment shall be paid by the person holding or receiving that property. Assets or funds otherwise excludable in computing Federal estate tax shall not be used in payment of such taxes, and life insurance proceeds shall be used only to the extent that other assets are not avail- able. The Trustee may make payment of the items specified in the first sentence of this Article directly or to the legal represen- tative of the Settlor's estate, as the representative of the Settlor's estate may direct. The Settlor hereby waives all rights of reimbursement for any payments made pursuant to this Article. o ARTICLE THIRD DISTRIBUTION OF THE TRUST ESTATE IF THE SETTLOR'S WIFE SURVIVES HIK After the death of the Settlor and after making the payments for which provision is made in ARTICLE SECOND, if the Settlor's wife, JANET S. MORELLI, shall survive the Settlor, the Trust Estate shall be divided into two separate portions, to be determined and held as follows: SECTION A: One such portion (the pecuniary portion) shall consist of (a) all property in the Trust Estate (including property received by the Trustee under the Will of the Settlor) as to which a Federal estate tax marital deduction would not be allowed if it were given outright to the Settlor's wife, and (b) any residential real estate held as an asset of the Trust Estate at the Settlor's death or received by the Trustee under the Will of the Settlor, and () - 3 - " o () ~. -.....:x., , '. .' '. (c) after giving effect to (a) and (b), the largest pecuniary amount which will not result in or increase Federal estate tax payable by reason of the Settlor's death. In determining the pecuniary amount, the Trustee shall consider the credit for state death taxes only to the extent those taxes are not thereby incurred or increased and shall assume that all of the remaining portion hereinafter established (including any part thereof disclaimed by the Settlor's wife) qualifies for the Federal estate tax marital deduction. The Settlor recognizes that certain taxes and expenses will reduce the pecuniary amount. Such pecuniary portion determined under the preceding provisions of this SECTION A shall hereinafter be referred to as the "Spousal Trust Estate" and shall be held for the benefit of the Settlor's wife, as follows: 1. The Trustee each calendar year shall pay over all of the net income from the Spousal Trust Estate to the Settlor's wife, JANET S. MORELLI, in convenient installments, at least quarterly, during her lifetime. 2. The Trustee shall also pay over to the Settlor's said wife so much of the corpus of the Spousal Trust Estate as the Trustee shall from time to time deem necessary or advisable for her health, proper maintenance and best interests, considering her income from all other sources known to the Trustee. 3. In addition to the corpus which may be paid over the the Settlor's said wife pursuant to the preceding paragraph, the Trustee shall from time to time pay over to the - 4 - ..... ....'...'., .....-.-.1 r: ------ Settlor's said wife such sums from the corpus of the Spousal Trust Estate as she shall from time to time request in writing; provided, however, that the aggregate of such payments in any calendar year shall not exceed the greater of FIVE THOUSAND DOLLARS ($5,000.00) or FIVE PERCENT (5%) of the value of the Spousal Trust Estate valued as of the date of such withdrawal. o 4. If a residence shall be one of the assets of the Spousal Trust Estate, the Trustee shall, upon the request of the Settlor's said wife, make such residence available to the Settlor's said wife for living quarters for herself without the payment of any rent therefor. In such event, the Trustee shall make payment of all costs of maintenance of such residence, including, but not limited to, the payment of real estate taxes, heat and utilities costs, repairs and insurance. The Trustee shall not sell such residence without the consent of the Settlor's said wife, and the Trustee shall sell said residence if so directed by the Settlor's said wife. () 5. Upon the death of the Settlor's said wife, all income of the Spousal Trust Estate accrued or undistributed at the death of the Settlor's said wife shall be paid to her estate and the Trustee shall continue to hold the corpus of the Spousal Trust Estate in Trust for the benefit of the Settlor's son, RICHARD S. MORELLI, and said son's lawful issue, as follows: SECTION I: If the Settlor and his said wife are both survived by the Settlor's son, RICHARD S. MORELLI, the Trustee shall hold the Trust Estate, which shall now be known as the "Descendant's Trust Estate" under the following provisions: A. The Trustee shall each calendar year pay over all of the net income from the Descendant's Trust Estate to the Settlor's son, RICHARD S. MORELLI. B. The Trustee shall also pay over to the Settlor's said son so much of the corpus of the Descendant's - 5 - : ..~-....,.... . '-"<';='l:'~'':1', ,,~.""', ,> .....--.-.-- . 'c ~'_.""""'"1':,;:~ :"~~.""'~-"'-'~-".'''''''~''''..:--';;~4o!'!!''l_ ) Trust Estate as the Trustee shall from time to time deem necessary or advisable for his health, proper maintenance and best interests, considering his income from all other sources known to the Trustee. C. Upon the death of the Settlor's said son, all income of the Descendant's Trust Estate accrued or undistrubted at the death of the Settlor's said son shall be paid to his estate, and the corpus of the Descendant's Trust Estate shall immediately vest in and be distributed among the Settlor's then surviving lawful issue, ~ stirpes. SECTION II: If the Settlor and his said wife are not both survived by the Settlor's said son, then the Trustee shall pay over and distribute the Trust Estate to the Settlor's then surviving lawful issue, per stirpes. SECTION B: The remaining portion of the Trust Estate, after determination of the pecuniary portion under Section A o shall be paid over and distributed to the Settlor's wife, JANET S. MORELLI. ARTICLE FOURTH DISTRIBUTION OF THE TRUST ESTATE IF THE SETTLOR'S WIFE DOES NOT SURVIVE HIM 1. After the death of the Settlor and after making the payments for which provision is made in Article SECOND, if the Settlor is not survived by his wife, JANET S. MORELLI, but he is survived by his son, RICHARD S. MORELLI, then the Trustee shall continue to hold the entire remaining Trust Estate upon the following terms and conditions: A. The Trustee shall each calendar year pay over all of the net income from the Trust Estate, which shall now be known as the "Descendant's Trust Estate" to the Settlor's son, RICHARD S. MORELLI. () - 6 - r- G.. ~ ~ B. The Trustee shall also pay over to the Settlor's said son so much of the corpus of the Descendant's Trust Estate as the Trustee shall from time to time deem necessary or advisable for his health, proper maintenance and best interests, considering his income from all other sources known to the Trustee. C. Upon the death of the Settlor's said son, all income of the Descendant's Trust Estate accrued or undistrubted at the death of the Settlor's said son shall be paid to his estate, and the corpus of the Descendant's Trust Estate shall immediately vest in and be distributed among the Settlor's then surviving lawful issue, per stirpes. 2. After the death of the Settlor and after making the payments for which provision is made in ARTICLE SECOND, if neither the Settlor's wife, JANET S. MORELLI, nor the Settlor's son, RICHARD S. MORELLI, shall survive the Settlor, then the Trustee shall pay over and distribute the Trust Estate to the Settlor's then surviving lawful issue, per stirpes. ARTICLE FIFTH PAYMENTS TO BENEFICIARIES UNDER AGE TWENTY-FIVE 1. If at any time any property shall be distributable as a final distribution under the terms of this Trust Agreement to a beneficiary who at such time shall be less than age twenty- five (25), then such corpus shall immediately vest in such beneficiary, but during the period in which he or she shall be under age twenty-five (25), the Trustee hereunder shall retain possession of such property and shall use so much, or all, thereof or the net income therefrom, or both, of such property as the Trustee shall deem necessary for the health, maintenance in reasonable comfort and education (including post-graduate) of such beneficiary, and shall at the end of each calendar year add any undistributed income to corpus. When such beneficiary shall - 7 - r o ~ attain age twenty-five (25), or upon the expiration of the period of perpetuities set forth in Article SEVENTH, whichever event shall first occur, all of the corpus and undistributed income held by the Trustee hereunder shall be paid over to such beneficiary. 2. So long as any Trust Estate created in this Trust shall continue to function, if any beneficiary shall be under legal disability when any income or corpus shall be payable to him or her under the terms of this Trust, or for any other reason in the opinion of the Trustee shall be unable to properly administer such income or corpus, the Trustee may make such payments in anyone or more of the following ways: (a) By paying the income or the corpus directly to the beneficiary, or by the Trustee using it directly for the benefit of the beneficiary; (b) By paying it over to the legal guardian of such beneficiary; (c) By paying it to a custodian for the beneficiary under a Uniform Transfer to Minors Act; (d) By paying it over to an adult relative or friend of such beneficiary in reimbursement for amounts properly advanced for the benefit of the beneficiary; or (e) By paying the premiums from time to time on any insurance or annuity policies owned by the beneficiary, whether issued on the life of the beneficiary or any person in whom the beneficiary has an insurable interest. 3. The words "lawful issue," as used in this Agreement, shall be deemed to include not only lawfully born children and more remote descendants but also those by adoption. - 8 - o ~ , ARTICLE SIXTH SPENDTHRIFT PROVISIONS No beneficiary hereunder shall have the right or power by draft, assignment or otherwise, to transfer, assign, anticipate, pledge or mortgage, or otherwise encumber in advance any corpus or income or to give orders in advance upon the Trustee for any corpus or income, nor shall any interest of any beneficiary be liable for any claims, legal or equitable, against such beneficiary, or be subject to seizure or sequestration for the payment of any debts, torts, alimony, separate maintenance or other liabilities of any such beneficiary or be transferable by operation of law in case of insolvency, bankruptcy or otherwise. ARTICLE SEVENTH PERPETUITIES Anything in this Agreement contained to the contrary notwithstanding, the Trust Estates shall continue for not more than twenty-one (21) years after the death of the last to die of the beneficiaries in being at the death of the Settlor or his earlier relinquishment of all powers to revoke this Agreement or to direct the ownership of any Trust property hereunder to be transferred to himself. Any property still held in trust at the end of that period shall immediately be distributed to the persons then entitled to receive or to have the benefit of the income therefrom; provided, however, that if there is more than one beneficiary to whom the income of any Trust Estate could be paid, or if their interests are indefinite, the Trustee shall distribute the Trust Estate, per stirpes, to such of those beneficiaries who are descendants of the Settlor, or if no beneficiary is a descendant of the Settlor, then to those beneficiaries in equal shares. - 9 - -~ , o o ....~ ARTICLE EIGHTH POWERS OF THE TRUSTEE The Trustee is hereby directed and shall have full power and authority to take possession of and invest, care for and protect all of the property, real, personal and mixed, herein transferred in trust in every respect the same as an absolute owner would be able to do. References herein to Trustee, including the neuter and masculine pronoun, shall refer to the successor Trustee where appropriate. Without in any way limiting this broad power hereby given, the Trustee's powers shall include the following: 1. The Trustee shall have full power to sell, exchange, mortgage, pledge, partition or lease for any term any and all property held in the Trust Estate. It shall have power to retain and continue to hold as a part of the Trust Estate any property or investments transferred to it at any time as Trustee hereunder, without liability for depreciation or loss occasioned by so doing, even though of a kind or quality or lack of diversification not generally used for trust investments. The Trustee shall have power to invest and reinvest the Trust Estate from time to time in bonds, debentures, common stocks, preferred stocks or any other income-producing property, real or personal, in any State of the United States or in any foreign country or province thereof, including so called "money market funds" or counterparts thereof and common trust funds managed by the corporate Trustee if there shall be a corporate Trustee. The Trustee shall have as wide discretion in the making of investments as if it were the absolute owner thereof, and it shall not be governed or limited in its investments by any rule of law or equity or by any statute of the United States, or of any State thereof, now or at any time hereafter in force. - 10 - ~~,;.., .','0, .:?!,i;'.-~ o () 2. The Trus~ee shall have power to invest in and reinvest in real estate and first mortgages on real estate and to convert realty into personalty and personalty into realty. It shall have full power to mortgage, pledge or partition any and all property, real or personal, held in the Trust Estate, and to extend, renew, replace or increase any mortgage or mortgages now or hereafter affecting any of said property. It shall have the power to lease any real property that at any time may form a part of the Trust Estate under such terms and conditions and for such period as to the Trustee shall seem best, even though such period mayor will extend beyond the period of duration of the Trust; and to renew, cancel, amend, or extend and consent to the assignment or modification of any lease on any terms that may be deemed by the Trustee to be for the best interests of the Trust Estate. 3. The Trustee in its discretion may at any time invest either the corpus or accumulated income of the share of any beneficiary in the Trust Estate in an annuity or insurance contract or contracts on the life of such beneficiary or on the life of any person in whom the beneficiary has an insurable interest; and it may purchase such contract or contracts from such standard insurance company or companies as it may select. 4. The Trustee shall have power to determine all questions in relation to the allocation of receipts and disbursements of the Trust Estate as between capital and income, including premiums and discounts, stock dividends, oil and gas royalties and payments, and every such determination shall be conclusive and binding upon all persons in interest. 5. The Trustee shall have power to vote in person or by proxy any stock of corporations which it may hold as Trustee, and to enter into plans for the reorganization, merger, consoli- - 11 - ~ o CD ~, . ",.,{-'" , # ~tf'. dation, recapitalization, liquidation or sale of the assets of any corporation, the securities of which may constitute a portion of the Trust Estate and to exercise any conversion privileges or subscription rights given as to any security which may be held by the Trust Estate, as it in its sole discretion shall deem to be for the best interests of the Trust Estate. 6. The Trustee shall have power to employ such agents, attorneys, and investment advisors as may be necessary or desirable for the proper administration of the Trust Estate, and to pay such agents, attorneys, and investment advisors a reasonable compensation for their services. Any corporate Trustee shall receive reasonable compensation for its services in administering and distributing the Trust Estate, and its regular fee shall be charged to income. Any corporate Trustee shall be reimbursed for all its reasonable expenses in connection with the investment, administration and distribution of the Trust Estate, including, but without being limited to, taxes paid in connection with the Trust Estate and the income therefrom. The Trustee may retain such cash reserves as it, in its discretion, shall deem advisable for carrying out the purposes of this Trust. The Trustee shall have the power to borrow money at prevailing interest rates on a secured or unsecured basis from the corporate Trustee's own banking department or elsewhere for the benefit of the Trust Estate. The Trustee shall have power to compromise any claims against or in favor of the Trust Estate. During the continuance of the Trusts created herein, the Trustee shall keep accurate books of account. 7. The Trustee may hold in the Trust Estate undivided interests in securities, real estate or any other property. It may also allot undivided interests in such property to the re- spective Trust Estates or to the respective portions thereof. - 12 - Jj ._----~ o e i. ..-~. ~.~ The Trustee may cause any securities or other property which at any time may form a part of the Trust Estate, to be issued, held or registered in its name as Trustee or in the name of any nominee, or in such form that title will pass by delivery. 8. The Trustee shall have power to value and appraise any and all of the assets of the Trust Estate for the purpose of making division and distributions thereof and to distribute the same in cash or in kind as it may deem advisable; and any such valuation or appraisal made by the Trustee shall be valid and binding upon every beneficiary hereunder. 9. If at any time the corpus of any Trust Estate, or any separate portion thereof, shall, in the sole judgment of the successor Trustee, be worth less than Fifty Thousand Dollars ($50,000.00), the Trustee may pay over the corpus of such Trust Estate, or portion thereof, to the person or persons then en- titled to the income therefrom, and in the same proportions in which they are then entitled to such income, and such Trust Estate, or portion thereof, shall thereupon terminate, notwith- standing any provision in this Agreement to the contrary. 10. If the Trustee considers that any distribution from a Trust Estate hereunder other than pursuant to a power to withdraw or appoint is a taxable distribution subject to a generation-skipping tax payable by the distributee, the Trustee shall augment the distribution by an amount which the Trustee estimates to be sufficient to pay the tax and shall charge the same against the Trust Estate to which the tax relates. If the Trustee considers that any termination of an interest in or power over trust property hereunder is a taxable termination subject to a generation-skipping tax, the Trustee shall pay the tax from the Trust property to which the - 13 - .....~.. ~ I::}.., ~l o o tax relates, without adjustment of the relative interests of the beneficiaries. If the tax is imposed in part by reason of trust property hereunder and in part by reason of other property, the Trustee shall pay that portion thereof which the value of the Trust property bears to the total property taxed, taking into consideration deductions, exemptions and other factors which the Trustee deems pertinent. 11. The Trustee shall not in any event be liable to any party in interest or to any other person whatsoever save only for its own gross negligence or willful default. 12. The successor Trustee shall make such elections under the tax laws as it deems advisable, without regard to the relative interests of the beneficiaries, and no adjustment shall be made between principal and income or in the interests of the beneficiaries to compensate for the effect of those elections. ARTICLE NINTH SUCCESSOR TRUSTEE 1. Any Trustee hereunder may resign at any time by delivering an instrument in writing to that effect to the adult beneficiaries of the Trust Estate created herein. In the event of the death, resignation, inability or refusal to act as Trustee of AL J. MORELLI, then such person or trust company as the Settlor's wife, JANET S. MORELLI, may designate by an unrevoked instrument in writing signed by her at any time prior to the date on which a successor Trustee becomes necessary shall automatically become successor Trustee hereunder. If there shall not be any such unrevoked designation of successor Trustee in existence in the event of the death, resignation, inability or refusal to act as Trustee of AL J. MORELLI, then the following provisions shall apply. In the event of the death, resignation, - 14 - _..~-j ........"~--..,...'-~- inability or refusal to act as Trustee of AL J. MORELLI, then JANET S. MORELLI shall automatically become successor Trustee hereunder. In the event of the death, resignation, inability or refusal to act as Trustee of both AL J. MORELLI and JANET S. MORELLI, then the Settlor's son, RICHARD S. MORELLI, shall automatically become successor Trustee hereunder. In the event of the death, resignation, inability or refusal to act as Trustee of all of AL J. MORELLI, JANET S. MORELLI and RICHARD S. MORELLI, then JOHN F. BOYLE, who now resides in Elmhurst, Illinois, shall automatically become successor Trustee hereunder. At any time any Trustee named in this Section 1 who is acting as Trustee may, in his or her discretion, appoint any person or corporation as Co-Trustee hereunder. Such appointment shall be made by instrument in writing delivered to the appointee. Whenever there shall be a Co-Trustee acting hereunder who is not named in this Section 1, the Trustee then acting hereunder who is named in this o Section 1. may remove such Co-Trustee by delivering a written instrument of removal to the Trustee being removed. Whenever there shall be a Co-Trustee acting hereunder who was not named in this Section 1, any discretion in the payment of income or corpus of the Trust Estate shall be exercised alone by the Co-Trustee who was not named iOn this Section 1. 2. Upon any change in the Trusteeship hereunder, all the title, rights, powers and discretions vested in, and the duties and obligations imposed upon, the original Trustee shall immediately vest in and be imposed upon any successor Trustee hereunder, without the necessity of any conveyance or transfer or court order or the taking of any action whatsoever. No successor Trustee shall be liable or responsible in any way for any acts or defaults of any precedessor 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 e'\..... V - 15 - ~"..:.- o () '- '~.':"'''''~''''''':''''''''.......,'',!'I'~ liable only for its own acts and defaults in respect of property actually received by it as such Trustee. With the consent of the adult beneficiaries appointing hereunder, a successor Trustee may accept the account rendered and the assets and property delivered by the predecessor Trustee, and shall be under no liability or responsibility to any beneficiary under this instrument by reason of so doing. Such acceptance by the successor Trustee of the predecessor Trustee's final account shall constitute a complete release of, and discharge to, the predecessor Trustee. 3. The successor Trustee shall have the power at any time to transfer the situs of a Trust Estate to any place, and in so doing to appoint a substitute Trustee and to delegate any and all Trust powers to the substitute Trustee. The Trustee may remove each substitute Trustee so appointed and may appoint another, including itself, at will. ARTICLE TENTH POWER TO AMEND OR REVOKE TRUST The Settlor reserves the right at any time or times during his lifetime by instrument in writing delivered to the Trustee to alter, amend or revoke this Agreement, in whole or in part. The Trust property to which any revocation relates shall be conveyed to the Settlor or otherwise as he directs. This power is personal to the Settlor and may not be exercised by his legal representative or others. ARTICLE ELEVENTH RIGHT TO ADD ADDITIONAL PROPERTY TO TRUST The Settlor or any other person shall have the right from time to time to add other property, or cause other property to be added, to this Trust. All property so added to a Trust Estate shall become corpus of such Trust Estate. - 16 - o () t"' '11 (, ij-,l~ ',' ,',,\-,.IW...."."-"'t.n~~'...~~.>>r'l\~~.,...: ARTICLE TWELFTH LAW FOR TRUST SITUS All questions pertaining to the validity, construction and administration of the Trust herein created shall be determined in accordance with the laws of the State of Illinois. IN WITNESS WHEREOF, the Settlor and Trustee have hereunto set their hands and seals all as of the day and year first above written. WITNESS: .J:l& Ao) hi A .J~'if'.'~' J ~. (SEAL) WITNESS: _~. (SEAL) rustee ~~ - 17 - <..'J () I,. .... ....., ~ \ J ;:.., STATE OF ILLINOIS ) ) SS. COUNTY OF COOK ) On this 'f It:t. day of ~r\.-~ __~ ~ Public, persona~ appeared AL J. MORELLI ., 19~, before me, a Notary personally known to me to be the person who executed the foregoing instrument and who acknowledged that he had executed the same as his free and voluntary act and deed for the purposes therein set forth. L~~~~~'I4.~_2 Notary Public .. " C~>>>>>>>>>>>>~>>>>>>'J ~ "OFFICIAL SEAL" (. . Wallace B. Kemp ~ M NotaIyeo Public, State of IIHoois ~ Y llIIDiIaion &pires 2/16/95 ~<<<<<<<((""'<(<((<l(<((,<<(((<<<(<<((<<<<<<. My Commission Expires: , 19 .. o () ..........,.-.:.,....... SCHEDULE A Schedule of property transferred by AL J. MORELLI, individually, to AL J. KORELLI, not individually but as Trustee of AL J. MORELLI Revocable Trust. Received the above property AL MAR-Z4-2004 01:~~ PM R S M0RELLI ! 766a~4~ P.0Z naft UDIfIlUII'i to U. ~ft..'I.,[ .---..Y.. ftttl"l' ~_ 0' .AOa~.. .1ld. aad -.tl.rtllS l.~ *18 _ tal' Of (It L'.( 1 Jp ,1M!, .bJ at ......a. ALYlSIO 'NDULLt, d.o tIlcnra .. (&1; JIOIIrLJ.I, of .1~d4a, Ullaol., uftb.fMt: nt.;:~ too .. tlb.e ~.~~,. mad .u. IIOdLr.t, .. '1'ru.t.., be~l~ c:..U.. ~lw .~n..a and I:.ftll:r" ~o ia'the BaIL,... Slft4e1' · ! .1 J. II .I. .I ..l J. ~ 11= 'IRIIIU8, ,... ..~t;J.or CUI ~1IJI1I&I']' ~, 1.1tJ, .....re<! lAto ,be ., IIDKBLltI JdYOCABII 'I'I'O'8'f ualllKlll'f .1t.h !;he loall.., ud wuaz,u, i~ l. ),U'ari4ed I'D ~'t1cn. 'l'BJI'1'1I ~ ..115 ftut Agr___to "'hat; t'be .ntlo11' -r' a1t.er or aead ..1d ~1:1UI1; _r~ at 1IIl~ t.l.. O~ ~1.", JIOW, 'fHImUoa., 1. l::OIUJid....t.1n ~ to!>> pz-.i... ..4 of __ aat;1ULJ ~..a qd alJE'_a I18ninarar proyS.d.., n IS COVIIrUTD AB 18IUJ) _"d bn.._ tM pU101.. hItr_O 1ibat .att ax. IIOInLI IIYOCULI ftUIn' 1<DDKBItt' fa bar.'" Dell4ed La the ~Dll.OY1DCr .mmer. 1. '1'bK put. of' hC:!'tioa .l. o~ U'I'tC!t.l HID 0* .&1. ftut. AGr.l....... ..hleb t'011.mf. ~ .~.p:IlIUI_.n4 .. la ..~..., ~ed 'to ~. .. i'D.1~tnI'.1 . 5. OJIM" ~\1I o~ ~. "''1.or' _ .."t .....,., IU l~ or tMI ~A1 'tJ:1ltrt ..ta~ aaan.. OZ' Q4s..U1HU4 " ,.. d... of trb. ..tt1ort. .au. wif. ..11 )e ,.i4 tlo bi. ......... .... 1f ... ~,s..I'.. ...., aJ:GD:aD 8. ....w.1, aa1l_ ..11ft ....t..tea. ~... ~_ n.UB1.. vorptW "I' tile 1p0Wl.1 I'nn ..... Oau !:Ie ..14 0ftI' ... dh"rllnlMl to Qa SeIlt.1or'. .atd .., IrClllUJl .. MC)1t1n:r.t. If ~1aa '..,Nor'. _it .., IU~ S. If~-r.::r:, ...u. .~ H .1&_ ..ni."IAg, ...4 i~ U'LTt& 1IOImU.%, iIJIa .U'. OC ..1. .ZCl~ s. MQA.u.t.. I. _.. U.i.., t.~ .....~Utl.llf ooq.M af IlM ___1 fl'Uio ....ta1 ..11 '- ,.14 ~lC lIad IS .tri~04 h MAR-24-2004 02:00 PM R S M0RELLI 7668'5l4~ P.0:5 '~;!,:, ~,~~; . ^:lSn,VIA M'OJBLLI. If neither the Set,tlor'. lem, RICIlA1ttl iRlLLt, nor ..14 Sn,VtA MO.llJI,.Lt r .Jurli b. tileD .,',"1ng, tbe1l 'the rt!&iLiniug OOrP1Ul of ~. Bp01leal 'lru.~ . ,~. .ball ba pail oY.r aDes 4.i..tr1btleed to 1:.n. Sett.1Dr'. 81U"Y1.rlDg lavfu1 h.ue, an Btit'D*.. 2 .' 8eotloD. B of A1l4fICLI 'l"Bt:aD o~ ea14 'rntil~ AgreCUIIIlIl't s.. te read .. to11owss SEC'l'IOJr B. The r.ett:l1I1.g portia Of t.he Truet zsute ,.~ aete~ill..tion ~ tb. Pecuaiarr Portion un4er s8c'ioD A ._l.3< b. patti 0Ye% 1l0llS 4i.~t'ibut.4 t..o 1:118 Sett.J.o.r.. aem, . . AJtI) 8. KORzw,X, i:t h. Ual.l be t.h.n BurYl viDg, ud 1 t he .' 11 !lot b. than surviTin;, 'bhell 1tO SYLVIA. IIOBBL:r.I. tohe ::. Qf .a14 aIC1lAJl:l) S. HoaBU,X, if .be IIha11 ba thaD , Y1Dg, and it' IIbe 8hal.l DOt. be t.hen aurrl 'Ymg t.heD t.o Settlor's then .urviYin~ 1.VfUl t..a., ~ .~irD.B. . ;1fI'l'HISS WDUOF, t.be set.l;lor .~d ,be 'rW!l~.. haft 88t th.1~ ~eapect.lv. haD68 and 8.al., all a8 o~ ~e Gar r fir.t above "r1to~.n. <. I"~ t ~: , . ~.. . ,.. ~,,_./~ . ~liBr .~ (SK~) " ,I. ~'; (SEAL) .. MAR-24-2004 02:00 PM R S M0RELLI 766894:5 P.04 J am K 511. ~ ft7 M {/fl tJ...~ ' lite. "-ore 1'Qb11~, ,...~11!" afPellr411 U. x..u.:r, .IInOMlly o '- ~... ...... ... ~ t~ ~D"lOll1tr 4 ....... .....1__~ __~ lie _d aIHO~..s __ ... .. WD.1.aMa7 Ilat U4 .s.... 'Ira ~ P1Ir:poII" ~_r.b .et ~ ~_. ~ -....., ~_.. . ;=:,t_ 1 -.-; .... .. .... . .......-. It. .. ~ .... -..... ~ . a IIJ' Coaial_l em I:qil:.... 111_ , .1 The Law Office of MAIm:w: F. HAzEN Certified Elder Law Attorney* An Estate Planning and Elder Law Firm 2000 Linglestown Road Suite 202 Harrisburg, PA 17110 TEL: (717) 540-4332 FAX: (717) 5404313 www.hazenelderlaw.com June 18, 2007 VIA CERTIFIED MAIL Register of Wills Cumberland County Courthouse One Courthouse Square Carlisle, P A 17013 Re: Estate of Alvezio J. Morelli File No.: 21 060905 Inheritance Tax Return To: The Register of Wills: Enclosed for filing please find the original and one copy of the above-referenced Inheritance Tax Return and Inventory, along with a copy of the first page of the Inheritance Tax Return. Please date stamp the first page of the return and a copy of the Inventory and return them to my office in the enclosed self-addressed envelope. Also enclosed is a check in the amount of $30.00 for payment of the filing fees associated with the return and the Inventory. If you have any questions or require any additional information, please do not hesitate to contact me. Sincerely, ~,l~ LJc)G)lPt~ Corinne Eggers Woodhouse Paralegal Enclosures cc: Richard Morelli, Executor *Certified Elder Law Attorney by the National Elder Law Foundation as authorized by the Pennsylvania Supreme Court ~ 1"'-1"'-0 ....0... " I~ CO ;: ..eoe-.... IDj~ ~ ~ Iqa. 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