HomeMy WebLinkAbout08-27-07 (2)
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15056041147
REV-1500
EX (06-05)
OFFICIAL USE ONLY
File Number
PA Department of Revenue
Bureau of Individual Taxes
PO BOX.280601
Harrisburg, PA 17128-0601
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death
County Code Year
INHERITANCE TAX RETURN
RESIDENT DECEDENT 2 1 0 7
*'
00596
Date of Birth
411384543
06092007
03271917
Decedent's Last Name
Suffix
Decedent's First Name
SMITH
FRANCES
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name
Suffix
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
[!] 1. Original Return D 2. Supplemental Return D 3. Remainder Return (date of death
prior to 12-13-82)
D 4. Limited Estate D 4a. Future Interest Compromise D 5. Federal Estate Tax Return Required
(date of death after 12-12-a2)
[K] 6. Decedent Died Testate D 7. Decedent Maintained a Living Trust 1 8. Total Number of Safe Deposit Boxes
(Attach Copy of Will) (Attach Copy of Trust)
D 9. Litigation Proceeds Received D 10 Spousal povertjl Credit (date of death D 11. Election to tax under Sec. 9113(A)
. between 12-31-91 and 1-1-95) (Attach Sch. 0)
MI
M
MI
~ORRESPONDENT. THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
ame Daytime Telephone Number
HUBERT X. GILROY 7172433341
Firm Name (If Applicable)
MARTSON LAW OFFICES
REGISTER?f WILLS US~i>NL Y
.~ ..-.~_J
, "iJ
'''h
:.....,...,
,'Q
First line of address
.;)
10 EAST HIGH STREET
-~
i")
-J
Second line of address
City or Post Office
CARLISLE
DATi: fl ED
C)
ZIP Code
17013
State
PA
o
Correspondent's e-mail address:hgilroy@martsonlaw.com
--::;,
Under penalties of pe~ury, 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 pre parer has any knowledge.
SIGNA RE OF PERSON RESPONSIBLE FO FILJNG R TUR DATE
s
Betty A. Hicks
()7
DATE
/07
Hubert X. Gilro
Q
et, Carlisle, PA 17013
Side 1
L
15056041147
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~
PA Inheritance Tax Return
Signature of Additional Fiduciaries
ESTATE OF FILE NUMBER
Smith, Frances M. 21-07-00596
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 #2 ?:~+-~ ~
Name
Address1
Address2
City, State, Zip
Date
Signature #3
Name
Address1
Address2
City, State, Zip
Date
~
Earl F. Smith II
1843 Spring Road
Carlisle, PA 17013
gl:J3/07
~=(}/UI ~
1113 Maple Street
Carlisle, PA 17013
g /;),,3/07
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15056042148
REV-1500 EX
Decedent's Name: F ranees M. 8m ith
Decedent's Social Security Number
411384543
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, of
transfers under Sec. 9116
(a)(1.2)X~
16. Amount of Line 14 taxable
at lineal rate X .045
17. Amount of Line 1~ble
at sibling rate X .12
18. Amount of Line 14 taxable
at collateral rate X .15
0.00
15.
272,306.20
16.
0.00
17.
0.00
18.
19. Tax Due................... ............. ..................... ........................................ ........................ 19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT.
8ide2
L
15056042148
258,298.86
35,892.12
779.09
294,970.07
22,523.35
140.52
22,663.87
272,306.20
272,306.20
0.00
12,253.78
0.00
0.00
12,253.78
D
15056042148
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REV-1500 EX Page 3
Decedent's Complete Address:
File Number 21-07-00596
DECEDENT'S NAME
Frances M. Smith
STREET ADDRESS
1113 Maple Street
CITY I STATE IZIP
Carlisle PA 17013
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
(1 )
612.69
Total Credits (A + B + C)
(2)
3. Interest/Penalty if applicable
D. Interest
E. Penalty
Total Interest/Penalty (D + E)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
Check box on Page 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.
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
(3)
(4)
(5)
(5A)
(5B)
Make Check Payable to: REGISTER OF WILLS, AGENT
12,253.78
612.69
11,641.09
11,641.09
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
Yes
o
o
o
o
o
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?......... 0
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation?..................................................................................................................... 0 [!]
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
1. Did decedent make a transfer and:
a. retain the use or income of the property transferred;..................................................................................
b. retain the right to designate who shall use the property transferred or its income;....................................
c. retain a reversionary interest; or..................................................................................................................
d. receive the promise for life of either payments, benefits or care?..............................................................
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without
receiving adequate consideration?... ............................ ............... .............. ............... ............ ........... ....................
No
[!]
[!]
[!]
[!]
[!]
[!]
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. ~9116 (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. ~9116 (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. ~9116 (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. ~9116 1.2) [72 P.S. ~9116 (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. ~9116 (a) (1.3)]. A
sibling is defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption.
Rev.1503 EX+ (6-98)
SCHEDULE B
STOCKS & BONDS
*'
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
Smith, Frances M.
FILE NUMBER
21-07-00596
ESTATE OF
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 027681105 5278.976 shares American Mutual Fund Inc - Com 31.46 166.076.58
2 427866108 400 shares of Hershey Foods Corp - Com 51.1475 20.459.00
Accrued dividend on Item 2 through date of death 108.00
3 648018109 1,006.022 shares of New Perspective Fund Inc - Com 34.38 34.587.04
4 74963H102 1,250 shares of RMK Strategic Income Fund Inc - Com 15.024375 18.780.47
5 902973304 250 shares of US Bancorp Del New - Com New 34.1675 8.541.88
6 3136FSQZ7 $9,683.25 Fed Nat'l Mtg Assn Deb 5.5% - due 100 9.683.25
4/28/2017; callable 7/1/2007
Accrued interest on Item 6 through date of death 62.64
TOTAL (Also enter on Line 2, Recapitulation) 258.298.86
(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+ (6-98)
*'
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
COMMONWEAl.TH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
Smith, Frances M.
FILE NUMBER
21-07 -00596
ESTATE OF
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jolntly-owned with the right of survivorship must be disclosed on schedule F.
ITEM
NUMBER DESCRIPTION
1 29,179.21 Cash Management Trust American - Shares Ben Interest
VALUE AT DATE
OF DEATH
29.179.21
2 M& T Checking #9835254088
864.99
Accrued interest on Item 2 through date of death
0.03
3
M&T Savings #15004200935045
4.814.86
Accrued interest on Item 3 through date of death
0.69
4
Raymond James Acct #48884217 - Heritage Cash Fund (HCTXX)
351.63
5
Wal-Mart - Credit to M& T Checking #9835254088
51.52
6
Household goods and personal property
500.00
7
State Employees Retirement System - Final settlement of pension
129.19
TOTAL (Also enter on Line 5, Recapitulation)
35.892.12
(If more space is needed, additional pages of the same size)
CODyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule E (Rev. 6-98)
Rev-1509 EX+ (6-98) ..
COMMONWEALTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT OECEOENT
SCHEDULE F
JOINTLY-OWNED PROPERTY
Smith, Frances M.
FILE NUMBER
21-07-00596
ESTATE OF
If an asset was made Joint within one year of the decedenfs date of death, It must be reported on schedule G.
SURVIVING JOINT TENANT(S) NAME
A. Rosemary Smith
ADDRESS
RELATIONSHIP TO DECEDENT
1113 Maple Street
Carlisle, PA 17013
Daughter
B.
C.
JOINTLY OWNED PROPERTY:
DESCRIPTION OF PROPERTY %OF DATE OF DEATH
LETTER DATE
ITEM FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT DATE OF DEATH DECO'S VALUE OF
NUMBER TENANT JOINT NUMBER OR SIMILAR IDENTIFYING NUMBER. ATTACH DEED FOR VALUE OF ASSET INTEREST DECEDENrSINTEREST
JOINTLY-HELD REAL ESTATE.
1 A 4/17/1999 Members 1st Checking Acct 183451-11 515.62 50.000% 257.81
2 A 4/17/1999 Members 1st Savings Acct #183451-00 1.042.56 50.000% 521.28
TOTAL (Also enter on Line 6, Recapitulation) 779.09
(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 F (Rev. 6-98)
REV-1151 EX+ (12-99)
.
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
Smith, Frances M.
Debts of decedent must be reported on Schedule I.
FILE NUMBER
21-07-00596
ESTATE OF
ITEM
NUMBER
A. FUNERAL EXPENSES:
DESCRIPTION
AMOUNT
See continuation schedule(s) attached
5,782.25
1.
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
B.
Social Security Number(s) I EIN Number of Personal Representative(s):
Street Address
City
Year(s) Commission paid
State Zip
2.
Attorney's Fees
Martson Law Offices
12,500.00
3.
Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant Rosemary Smith
Street Address 1113 Maple Street
City Carlisle
Relationship of Claimant to Decedent
3,500.00
State
Daughter
PA
Zip
17013
4.
Probate Fees
360.00
5. Accountant's Fees
6. Tax Return Preparer's Fees
7.
Other Administrative Costs
See continuation schedule(s) attached
381.10
TOTAL (Also enter on line 9, Recapitulation)
22,523.35
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
Smith, Frances M.
FILE NUMBER
21-07-00596
ESTATE OF
ITEM
NUMBER DESCRIPTION AMOUNT
1 Betty Hicks - Reimbursement, food, funeral reception 150.00
2 Betty Hicks - Reimbursement, minister, funeral service 150.00
3 Earl F. Smith 11- Reimbursement, funeral flowers 148.40
4 Earl F. Smith 11- Reimbursement, funeral reception 34.94
5 Hoffman-Roth Funeral Home - Funeral expenses 2.632.91
6 Westminster Cemetery - Burial expense 2.666.00
Subtotal
5.782.25
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
Smith, Frances M.
FILE NUMBER
21-07 -00596
ESTATE OF
ITEM
NUMBER
1
DESCRIPTION
M&T Bank, Estate Checking - Checkbook
AMOUNT
12.75
2
Martson Law Offices - Advanced for short certificate
4.00
3
Martson Law Offices - Advanced for Advertising Letters Testamentary-Sentinel
166.60
4
Martson Law Offices - Advanced for Advertising Letters Testamentary-Cumberland
Law Journal
75.00
5
Martson Law Offices - Advanced for stock valuation report
7.75
6
Martson Law Offices - Filing fee, inheritance tax return
15.00
7
Martson Law Offices - Reserved for filing fees, additional probate
100.00
Subtotal
381.10
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule H-B7 (Rev. 6-98)
Rev-1512 EX+ (6-98)
.
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
COMMONWEALTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
Smith, Frances M.
FILE NUMBER
21-07-00596
ESTATE OF
Include unrelmbursed medical expenses.
ITEM
NUMBER DESCRIPTION
1 M& T Checking #9835254088 - Checks clearing after death
VALUE AT DATE
OF DEATH
140.52
TOTAL (Also enter on Line 10, Recapitulation)
140.52
(If more space is needed. additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule I (Rev. 6-98)
REV.1513 EX+ (9-00)
.
SCHEDULE J
BENEFICIARIES
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
NUMBER
Smith, Frances M.
NAME AND ADDRESS OF
PERSON(S) RECEIVING PROPERTY
TAXABLE DISTRIBUTIONS [include outright spousal
C1istributions, and transfers
under Sec. 9116(a)(1.2)]
RELATIONSHIP TO
DECEDENT
Do Not List Trustee/51
FILE NUMBER
21-07 -00596
SHARE OF ESTATE AMOUNT OF ESTATE
(Words) ($$$)
ESTATE OF
I.
1
Betty A. Hicks
35 West I Street
Carlisle, PA 17013
Daughter
One-third
estate residue
90,342.37
2
Earl F. Smith II
1843 Spring Road
Carlisle, PA 17013
Son
One-third
estate residue
90,342.37
3
Rosemary Smith
1113 Maple Street
Carlisle, PA 17013
Daughter
Sch E, 6; Sch. F
1-2; One-third
residue
91,621.46
Total 272,306.20
Enter dollar amounts for distributions shown above on lines 5 through 18, as appropriate, on Rev 1500 cover sheet
II. NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT
BEING MADE
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET
0.00
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA.1500 Schedule J (Rev. 6-98)
rlJM&TBank
499 Mitchell Road, Mi11sboro, DE 19966 Mail Code DE-MB-12
Phone (888) 502-4349
Fax (302) 934-2955
June 20, 2007
Martson Deardorff Williams Otto Gilroy & Faller
Attorneys At Law
10 East High Street
Carlisle, Pennsylvania 17013
Re: Estate of: Frances M Smith
Social Security: 411-38-4543
Date of Death: June 09. 2007
Dear Sir or Madam:
Per your inquiry dated J\Ule 21, 2007, please be advised that at the time of death, the above-named decedent had on deposit
with this bank the following:
1.
Type of Account
Checking Account
Account Number
9835254088
Ownership (Names of)
Frances M Smith ...
SCH, E
Opening Date
06/21/04
J.... H- .... \<-
Balance on Date of Death
$ 864.99
Accrued Interest
$ 0.03
Total
$ 865.02
2.
Type of Account
Savings Account
Account Number
0/5004200935045
,1'1 II 1"""_
'-'L 1'1 '
Ownership (Names of)
Frances M Smith ...
:I.krn 3
Opening Date
02/17/93 Closed 06/2//07
Balance 011 Date of Death
$4.814.86
Accrued Interest
$ 0.69
Total
$4.8/5.55
3.
Type ~f AccoullT
Safe Deposit Box
Box Number/Location
0000127/ High Street - Carlisle Office. Olle West High St.
or call (717) 240-4536
OWllership (Names oj)
Frances M Smith *
Opelling Date
02/07/92
* If upon reviewing the information above, you believe there are additional accounts not referenced, please
provide us with an account number and/or the name of any possible joint account holder. For any additional
information on the above accounts, including ownership and any changes, closures and/or reimbursement of
funds, please contact our North Middleton Branch at 1958 Spring Road, Carlisle, P A 17013, or # 717.240-
4521.
Sincerely,
-n/l-:- 7' .- (;;~j:'1-r'
,(-(2. < vZ;Y (.. '.:
Nancy Clagett
Records Management
@
MEMBERS 1st
FEDERAL CREDIT VNION
PRIMARY OWNER: ROSEMARY SMITH
REGULAR SAVINGS ACCOUNT:
Account Number/ Suffix
Date Account Established
Principal Balance at Date of Death
Accrued Interest to Date of Death
Total Principal and Accruea Interest
Name of Joint Owner
Date Joint Ownership Established
CHECKING ACCOUNT:
Account Number/Suffix
Date Account Established
Principal Balance at Date of Death
Accrued Interest to Date of Death
Total Principal and Accrued Interest
Name of Joint Owner
Date Joint Ownership Established
Estate of: FRANCES M. SMITH
Date of Death: June 9, 2007
Social Security Number: 411-38-4543
183451-00
04/17/1999
$1,042.33
$.23
$1,042.56
Frances M. Smith
04/17/1999
183451-11
04/17/1999
$515.62
$.00
$515.62
Frances M. Smith
04/17/1999
M~B~ERS 1ST FEDERAL CREDIT UNION
t0XlQli1lL A. \CQj~
Danielle A. Kline
Insurance Services Specialist
August 10, 2007
5C~, F
I~L
SC H t="
:c ~YY\ I
:;1 :Oil L (jllis~' ))rin' . 1'.0. l3oXtl) . .\lcdl.1ililsb'lrt;. 1>','l1llS\ lunia 17(i.lS . (717) IlL);' --I 1 hi. \\'\\ '\, l1h'lJlbL'rs I st-ort;
LAST WILL AND TESTAMENT
OF
FRANCES M. SMITH
I, FRANCES M. SMITH, of North Middleton Township, Cumberland County,
Pennsylvania, declare this to be my last will and revoke any will
previously made by me.
ITEM ONE: I direct that all my debts and funeral expenses,
including my gravemarker shall be paid from my residuary estate as
soon as practicable after my decease as a part of the expense of
the administration of my estate.
ITEM TWO: I give, devise and bequeath such of my household
furni ture as she may desire to my daughter, Rosemary Smi th,
recognizing that much of the furniture in the home already belongs
to her.
ITEM THREE: I specifically devise my real estate at 940 Gobin
Street, Carlisle, Pennsylvania to my daughter, Rosemary Smith,
recognizing that my daughter has in the past contributed towards
maintenance and all bills on the real estate and noting my desire
that my daughter Rosemary shall have this real estate upon my
death.
ITEM FOUR: I give, devise and bequeath the rest, residue and
remainder of my estate to my three children, Betty A. Hicks, Earl
F. Smith, II and Rosemary Smith, share and share alike per stirpes.
ITEM FIVE: I appoint Betty A. Hicks, Earl F. Smith, II and Rosemary
Smith Co-Executors of this my Last Will.
ITEM SIX: I appoint Farmers Trust Company guardian of any property
which passes to any person under the age of 21 years and with
respect to which I am authorized to appoint a guardian and have not
otherwise specifically done so. Said guardian shall have the power
to use income from time to time for the beneficiary's education,
support and welfare without regard to his or her parent's ability
to provide for such education, support or welfare, or to make
payment for these purposes, without further responsibility, to the
beneficiary or to the beneficiary's parents or to any person taking
care of the beneficiary. Said guardian shall administer the
separate and equal share of each beneficiary until he or she
becomes 21 years of age, at which time the share of each
beneficiary remaining in the guardianship account shall be paid to
said beneficiary in full. In the event of the death of any
beneficiary after my decease and prior to reaching the age of 21
years, his or her share shall be distributed equally to the
surviving children or child to be administered in accordance with
this guardianship provision.
ITEM SEVEN: All estate, inheritance, succession and other taxes,
imposed or payable by reason of my death, and interest and
penalties thereon, with respect to all property comprising my gross
estate for tax purposes, whether or not such property passes under
this will, shall be paid out of the principal of my residuary
estate, without apportionment or right of reimbursement.
ITEM EIGHT: I direct that my personal representative or guardian
shall not be required to give bond for the faithful performance of
their duties in any jurisdiction.
~~~~.~:dk
PAGE ONE OF THREE
ITEM NINE: In addition to the rights and powers given to the
fiduciaries by law or elsewhere in this will, I give to my Executor
during the full time necessary and for the administration of my
estate the following rights and powers to be exercised in his sole
discretion.
A. To retain any real or personal property which may at any time
form a part of my estate so long as he or she deems it advisable.
B. To invest in any real or personal property without
restrictions to legal investments.
C. To repair, alter, improve or lease for any period of time any
real or personal property and to give options for leases.
D. To sell at public or private sale, for cash or credit, with or
without security, to exchange or to partition real or personal
property, and to give options for leases.
E. To make distribution in kind.
F. To compromise claims.
IN WITNE~S WHEREOF, I have hereunto set my hand this
,MAfA;c:..,l, , 1997.
"i"'~
4: day of
SIGNED ~/l,.,.....) ~ .. ~
FRANCES M. SMITH
The preceding instrument, consisting of this and two other
typewritten pages each identified by the signature of the Testatrix
was on the day and date thereof signed, published and declared by
the Testatrix therein named as and for her last will, in the
presence of us, who at her request, in her presence and in the
presence of each other have subscribed our names.
06 fl-,'(J fiJ
(I "
l,: {{J(<>l (.jL. (;J (JLt~,-J
COMMONWEALTH OF PENNSYLVANIA
55
COUNTY OF CUMBERLAND
t/vhllAY 'i Gr-f", Y
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 the Testatrix sign and execute the
instrument as her last will; that she signed willingly and executed
it as her free and voluntary act for the purposes therein
expressed; that each of us in the hearing and sight of the
Testatrix signed the will as witnesses; and that to the best of our
knowledge, the Testatrix was at the time 18 or more years of age,
of sound mind and under no constraint or undue influence.
and
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PAGE TWO OF THREE
Sworn and subscribed to
before me this ~-I-~ day
of /J.? {, (J...
, 1997.
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Nota.ry Pub ~c
COMMONWEALTH OF PENNSYL VANIA
55
COUNTY OF CUMBERLAND
I, FRANCES M. SMITH, whose name is signed to the attached
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 as my free and voluntary act for the
purposes therein expressed.
~tV"'> ~. ~~
FRANCE M. SMITH ..
.j-h
S'1?rn and affirmed to and acknowledged before me this /-/ day of
/flfA trP--l-J , 1997.
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PAGE THREE OF THREE