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HomeMy WebLinkAbout00-0407 INRE IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA THE ESTATE OF BEATRICE E. FICKES ORPHANS' COURT DIVISION ......, C~) C"':'.:> _J (') roo I NO. 21-00-407 C? C.=CJ . ...>.1 CJ ,in oJ -.j PETITION FOR LEAVE TO RESIGN AS EXECUTRIX ..1) >...: ~ :'.1 _.~ -.J TO THE HONORABLE JUDGES OF SAID COURT: (~) c.. ,. i AND NOW, comes Petitioner, Wanda J. Peduzzi, by and through her attorneys, Butler Law Firn1, and files this Petition for Leave for Elaine D. Lawson (n/k/a Elaine D. Shughart) to resign as co-Executrix of the Estate of Beatrice E. Fickes, Deceased, and in support thereof avers the following: 1. On Febmary 19,2000, Beatrice E. Fickes died, leaving a Last Will and Testament that was duly admitted to probate by the Register of Wills of Cumberland County, Pennsylvania. A tme and con-ect copy of the Last Will and Testament of Beatrice E. Fickes is attached hereto and made a part hereof as Exhibit "A". 2. Pursuant to Item Second of said Last Will and Testament, Beatrice E. Fickes appointed her daughters, Wanda J. Peduzzi (Petitioner herein) and Elaine D. Lawson (n/k/a Elaine D. Shughart), or the survivor of them, to be her Personal Representative(s). 3. On or about May 18,2000, Petitioner Wanda J. Peduzzi and Elaine D. Lawson (n/k1a Elaine D. Shughart) were qualified as co-Executrices under the Last Will and Testament of Beatrice E. Fickes. ) . I 4. Pursuant to Item Third of said Last Will and Testament, Beatrice E. Fickes conveyed all of her property of whatever nature and kind wherever located to the Beatrice E. Fickes Revocable Living Trust. A tme and COlTect copy of the Beatrice E. Fickes Revocable Living Tmst Agreement dated June 28, 1996, is attached hereto and made a part hereof as Exhibit "B". 5. Petitioner Wanda 1. Peduzzi and Elaine D. Lawson (n/kla Elaine D. Shughart) were the co-Tmstees of the Beatrice E. Fickes Revocable Living Tmst until Elaine D. Lawson's resignation pursuant to the Receipt and Release Agreement for Final Distribution dated April 12, 2005, and filed with the Cumberland County Orphans' Court Division to No. 00-407, a tme and COlTect copy of which is attached hereto and made a part hereof as Exhibit "C". 6. Elaine D. Lawson (n/kla Elaine D. Shughart) wishes to resign as co-Executrix of the Estate of Beatrice E. Fickes. Elaine D. Lawson's signed resignation is attached hereto and made a part hereof as Exhibit liD". 7. Upon Elaine D. Lawson's resignation as co-Executrix of the Estate of Beatrice E. Fickes, Petitioner Wanda J. Peduzzi would continue to serve as sole Executrix of the Estate of Beatrice E. Fickes. Wanda 1. Peduzzi' s consent to serve as sole Executrix of the Estate of Beatrice E. Fickes is attached hereto and made a part hereof as Exhibit "E". WHEREFORE, Petitioner, Wanda 1. Peduzzi, co-Executrix of the Estate of Beatrice E. Fickes respectfully requests this Honorable Court to approve the resignation of Elaine D. Lawson (n/kJa Elaine D. Shughart) as co-Executrix of the Estate of Beatrice E. Fickes and to grant all such other relief as is proper and just. Respectfully submitted, BUTLER LAW FIRM By'. .J2JJk (/ . Ronald D. Butler, Esquire Attorney for Petitioner J.D. #09826 500 North Third Street, P.O. Box 1004 Harrisburg, P A 17108-1004 (717) 236-1485 Last Will and Testament of BEATRICE E. FICKES I, BEATRlCE E. FICKES, having my legal residence at 1527 Spring Road, Carlisle, Cumberland County. Pennsylvania, do declare this to be my Last Will and Testament, revoking all my previous wills and codicils. WITNESSETH: FIRST: I declare that I am not currently married. I further declare that the following children are bom to me, WANDA J. PEDum and ELAINE D. LAWSON, and that all references to my children are to them. . SECOND: I appoint my daughters, WANDA J. PEDUZZI and ELAINE D. LAWSON or the survivor of them, to be my Personal Representative(s). Should WANDA 1. PEDUZZl and ELAINE D. lAWSON be unable or unwilling to selVe, I appoint my gnmdchildren, ANGELA PEDUZZI SHOPE and ANDREW J. PEDUZZI or the survivor of them. to be my Personal Representative{ 8). A. No bond or undertaking shall be required of any Personal Representative nominated in my will. B. My Personal Representative(s) shall have full authority to administer my estate under the laws of the Commonwealth of Pennsylvania relating to the powers of fiduciaries. My Personal Representative shall have the power to administer my estate under the. Independent Administration of Estate Act TIllRD: I give all of my property of whatever nature and kind and wherever located to my revocable living trust of which I am the Settlor known as the BEATRICE E. FICKES REVOCABLE LIVING '!RUST dated JUDe 28t 1996. A. If my revocable living trust is not in e1fu;t for any reason, I give aU of my property to my Personal Representative under this will as Trustee who shall hold, administer and distribute my property as a testamentary trust the provisions of which are identical to those of my revocable living trust on the date of execution of my Will. FOURTIl: The term tldeath taxes," as used in my Will, shall mean all inheritance, estatet succession and other similar taxes that are payable by any person on account of that person's interest in the estate of the decedent or by reason of the decedent's death including penalties and interest, but excluding the following: EXHIBIT UA" 1. Any addition to the federal estate taX for any "excess retirement accumulation" under Internal Re-yenue Code Section 4980A. 2. Any additional tax th4t may be assessed under Internal Revenue Code Section 2032A. 3. Any federal or state tax imposed on a generation-skipping transfer> as that term is defined in the federal tax laws, unless the applicable tax stamte8 provide that the generation-skipping transfer tax is payable directly out of the assets of my gross estate. A. Pursuant to the tenns of my revocable living trust, all death taxes whether or not attributable to property inventoried in my probate estate 8ball be paid by the Trustee from that tIUSt. However, if that trust does not exist at the time of my "death or if the assets of that trust are insufficient to pay the death taxes in full, I direct my personal representative to pay any death taxes that cannot be paid by the trustee from the assets of my probate estate by prorating and apportioning those taxes among the beneficiaries of this Will. B. Notwithstanding any other provision in my trust, all death taxes incurred by reason of assets transferred outside of my trust or probate estate shall be assessed against those persons receiving such property. FIFI'H: If any person or entity other than me singularly or in conjunction with any other person or entity directly or indirectly contests in any court the validity of this Will including any codicils thereto, then the right of that person or entity to take any interest in my estate shall cease and that person or entity shall be deemed to have predeceased me. SIXTH: Should any of the provisions of my Will be for any reason declared invalid, such invalidity sbaU not affect any of the other provisions of this Will and all invalid provisions shall be wholly disregarded in interpreting this Will. SEVENTH: This Will shall be construed:, regulated and governed by and in accordance with the laws of the Commonwealth of Pennsylvania. ... I signed this, my last Will and Testament consisting of two (2) pages, on June 28, 1996. !3uf~ <:C. ~ BEATRICE E. FICKES 2 The foregoing Will was, on the day and year written above, published and declared by BEATRICE E. FICKES in our presence to be her Will. We, in her presence and at her request, and in the presence of each other, have attested the same and have signed our names as attesting witnesses. We declare that at tOO time of our attestation of this Will, BEATRICE E. FICKES was, according to our best knowledge and belief, of sound mind and memory and under no undue duress or constraint. ~ffIr;'; A Address .'fjtfO~ WIIDe 8 O~,OA Address . / ~. 3 STATE OF PENNSYLVANIA : Ss: COUNTY OF CUMBERLAND We. BEATRICE E. FICKES, l20rscn R GetI~&. and Testatrix and the witnesses. respectively, whose names are si to the foregoing Will, having been sworn. declared to the undersigned officer that 1be Testatrix. in the presence of witnesses. signed the instrument as her last Will. that she signed. and that each of the witnesses, _in the l'resence of the Testatrix and in the presence of each other. signed the Will as a witness. (3~ 6~1~ BEATRICE E. FICKES, Testatrix 4frrf ~ if, O~ WI S 'bed an sworn before me by BEATRICE E. FICKES. the Testatrix. and by .., - .e.u and Mar..! M \ f r \' <:..e.. . the witnesses on 1996 ! ~~QJl Notary Public ". J IOfAllAlIfAL', MlCHAa It RUMlU. NOTARY ",.JUC .h~~~~ ~ {OJ:'''"( ; ~;': (:, 4 .( BEATRICE E. FICKES REVOCABLE LIVING TRUST AGREEMENT TIllS AGEF.EEl\1EhYf OF TRUST executed in duplicate on June 28, 1996, among and between BEATRICE E. FICKES, of Cumberland County, Commonwealth of Pennsylvania (hereinafter referred to as "Settlor"), and BEATRICE E. FlCK-ES, as Trustee (hereinafter referred to as "Trustee"). I hereby declare that I am not currently married. I further declare that the following children are born to me; W ANnA J. PEDUZZI and ELAINE D. LA WSON. All references to my children are to these and any after-born natural children of mine. WITNESSETH: WHEREAS, I wish to create a trust to hold and own the property set forth in Schedule A attached hereto and made a part hereof: together with sUch monies, securities and all other assets, real or personal, as the Trustee may hereafter at any time hold or acquire hereunder (such property and additions being hereinafter called principal), for the pmposes hereinafter set forth; NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, I agree to transfer the aforesaid property to the Trustee and the Trustee agrees to hold the trust estate, IN TRUST, NEVERTHELESS, for the following uses and purposes and subject to the terms and conditions hereinafter set forth: ARTICLE FIRST GENERAL PROVISIONS A. Name of Trust. This trust shall, be known as the "BEATRICE E. FICKES REVOCABLE UVING TRUST dated June 28, 1996," and it shall be sufficient that it be referred to as such in any deed, assignment bequest or devise. B. Trust Estate. Settlor grants, assigns, and sets over to Trustee and their successors all the property described in Schedule "A" annexed hereto, and made part of this trust agreement. My Trustee acknowledges receipt of all assets listed on the attached SchecJule A. All such assets, together with all other assets, real or personal, as the Trustee may hereafter at any time hold or acquire whether in the name of the trust or in the name of the Trustee, shall comprise the trust estate. Settlor, or any other person with the consent of the Trustee, may add to the principal of this trust by deed or will or otherwise. All property transferred to my trust and not EXHIBiT "BU r' " disclaimed by my trustee shall be held, administered and distributed according to the iefIIl..5 of this agreement. C. Revocable Living Trust. This trust agreement creates a revocable living trust. D. Definitions and Interpretations. 1. The term "child" means a natural blood descendant to the first degree of a designated person. In addition, a person who is adopted prior to attaining the age of eighteen (18) years shall be deemed to be the "child" of the adopting parent(s): a person conceived by means of in vitro fertilization or artificial insemination shall be deemed to be the "child" of my descendant who is a biological parent or whose spouse is a biological parent; and a person born out of wedlock shall be deemed to be the "child" of the natural mother and, if the natural father acknowledges paternity, of the natural father. The term "children" shall mean more than one "child". 2. The term "issue" means the lawful blood descendants of any degree of the party designated; provided that any person who is a child of a lineal descendant of the party designated and the lineal descendants of such person shall be lineal descendants of the party designated. The terms "child," "children," "issue," "descendant," and "descendants" or those terms preceded by the terms "living" or "then-living" sball included the lawful blood descendants in the first degree of the parent designated even though such descendant is born after the death of such parent. 3. When a distribution is to be made to the issue of a designated person "per stirpes", the property to be distributed shall be divided into as many equal shares as there are then-living children of such beneficiaries and deceased children of such beneficiaries who left then-living descendants. Each then- living child of the beneficiary shall receive one share and the share that is allocated to each deceased child of the beneficiary shall be divided equally among such decease child's then-living descendants. 4. The term "education" means technical, preparatory, college, graduate and professional education while enrolled in good standing in a recognized educational institution. 5. The term "adult" means a person who has attained twenty-one (21) years of age and the term "minor" means a person who is not an adult. 6. The term "personal representative" shall mean Trustee, executor, executrix, administrator, administratrix, conservator, guardian, custodian or any other type of personal representative. 2 7. References to a "Code Section" mean the specified section of the Internal Revenue Code of 1986, as amended, Of the corresponding provisions of any future United States internal revenue law. 8. At any particular time with respect to any trust, the phrase "trust estate" means the assets then constituting the principal, including any accumulated income, and any undistributed income. 9. The singular includes the plural and the plural includes the singular; the masculine, feminine and neuter genders shall each be deemed to include the other two. 10. The headings, titles and subtitles in this trust have been inserted solely for convenient reference and shall be ignored in its construction. 11. For all jmrposes under this agreement a person shall be deemed disabled, incompetent or legally incapacitated if and so long as a guardian or conservator of his or her person or estate duly appointed by a court of competent jurisdiction continues to serve, or upon certification by two licensed physicians that such person is unable properly to care for his or her person or property . ARTICLE SECOND SETTLOR'S LIFETIME RIGHTS A. Right to Income and Principal. During the Settlor's lifetime, to pay to her the net income therefrom and so much of the principal as shall be requested by Settlor or as Trustee in their discretion from time to time deem advisable for Settlor's support to maintain her in the standard of living to which Settlor was accustomed at the creation of the trust. If Settlor is, in the opinion of the Trustee, disabled by reason of age, illness or any other cause, Trustee sball apply for the Settlor's benefit so much of the net income and principal of this trust as Trustee, may from time to time deem advisable for Settlor's support to IfI::lintain Settlor in the standard of living to which Settlor was accustomed at creation of this trust. B. Right To Amend Or Revoke Agreement. Settlor, while legally competent, shall have the right to amend, modify, alter revoke or terminate this trust or any separate trusts created under this agreement at any time in whole or in part provided that the duties, powers and liabilities of the Trustee shall not be changed without their written consent. Any amendment or revocation of this trust agreement must be delivered to my Trustee in writing. The power to amend, revoke or terminate this trust is personal to the Settlor and may not be exercised by any other person or entity. After my death, this trust or any trust created by this agreement shall be irrevocable and not subject to amendment. 3 " After any revocation or termination of any trust created by this agreement the Trustee shall promptly deliver the designated trust property to the Settlor, BEATRICE E. FICKES. The Trustee shall be entitled to retain sufficient assets to reasonably secure the payment of liabilities Trustee has lawfully incurred in admini~tering the trust and any fees that have been earned by my Trustee until such time as those liabilities have been discharged and fees paid, unless I indemnify the Trustee against loss or expense. C. Direction of Investments. Settlor shall have the right to direct investments of trust property including the investment, retention, encumbrance, sale or disposition of trust funds in specified securities, properties or other forms of investments. D. Settlor/Trustee Bank Accounts. It is contemplated that Settlor may establish a joint bank account or accounts with the Trustee and create powers of attorney in respect thereof in other persons. Deposits from time to time made by Settlor or other authorized persons into such accounts shall constitute transfers to the trust estate and withdrawals therefrom which may be made without the co-signature of my Trustee shall constitute withdraws from the trust estate. However, my capacity and other authorized persons with respect to any such account shall be that of nominee of my Trustee and not co-owner. At any given time the trust estate shall include the then balance of such account. ARTICLE TIllRD DISPOSITIVE PROVISIONS Upon the Settlor's death, the then remaining principal and any accumulated or undistributed income shall be distributed as follows: A. Specific Distributions of Tanvble Personal Property. I may leave a Memorandum listing some of the items of my tangible personal property which I wish certain persons to have and request (bul do not require) that my wishes as set forth in the memorandum be observed by my executor. B. Specific Distributions of the Trust Estate. Upon my death Trustee shall make the following specific distributions form my trust estate: 1. To my granddaughter, ANGELA PEDUZZI SHOPE, three thousand dollars ($3,000). 2. To my grandson, ANDREW J. PEDUZZI, three thousand dollars ($3,000). C. Division and Distribution of the Balance of the Trust Estate. My trustee shall divide and distribute the balance of my trust estate as follows: 4 " 1. Division of Trust Propeqy. My Trustee shall divide all trust property not previously distributed into separate shares of equal market value, one share for each of my then living children and one share for each of my deceased children who has then- living descendants. 2. Distribution for Living C'nildren. My Trustee shall promptly distribute, free of the trust and in shares of substantially equally fair market value, all accumulated net income and principal of the trust share to each of my living children who survive me, If any child who survives me dies before the complete distribution of his or her trust share, that child's trust share shall terminate and my Trustee shall distribute the balance of the trust property to such child's then-living descendants per stirpes. If such deceased child has no then living descendants, my Trustee shall distnbute the balance of the trust property to my then-living descendants, per stirpes. 3. Distribution for Descendants of Deceased Children. My Trustee shall promptly distribute, free of the trust, all accumulated net income and principal of the trust share set aside for each of my deceased children to their descendants per stirpes. If any descendant of mine under this section dies before the complete distribution of his or her trust share, that descendant's trust share terminate and my Trustee shall distribute the balance of the trust property to such descendant's then-living descendants, per stirpes. If such descendant bas no then-living descendants, my Trustee shall distribute the balance of the trust property to my then living descendants, per stirpes. If I have no then-living . descendants, my Trustee shall distribute the balance of the trust property as provided in the provisions that follow. 4. Distributions to Underage or Disabled Beneficiaries. Notwithstanding any other provision in this trust agreement, if any person otherwise entitled to receive a distribution of trust property is under the age of twenty-five (25) years of age or is mentally disabled or legally incompetent as defined in Article Two, the Trustee shall retain and administer that person's trust property for his or her benefit as follows: (1) The Trustee may pay to or apply for the benefit of such beneficiary so much of the net income and principal of the trust as my Trustee in its discretion deems advisable for such beneficiary's education, health, maintenance and support, considering all other sources of income and resources available to such beneficiary and known to my Trustee. (2) The Trustee is authorized to make payments under this Section either directly to the beneficiary, to the beneficiary's personal representative or to any other person the Trustee may deem proper to be used for the benefit of the beneficiary. 5 (3) All decisions by the Trustee as to those it makes payments to, the purpose for which these payments are made, and the amOlults to be paid out of the trust are within the Trustee's sole but reasonable discretion. (4) All undistributed net income shall be accumulated and added to the principal of the trust. (5) The Trustee shall distribute the trust property to a beneficiary under this Section when such beneficiary reaches are twenty-five (25), or when he or she is no longer disabled as determined be a court of competent jurisdiction, or upon the certification by two licensed physicians that such beneficiary is able to properly care for his or her property and person, or at a later date if other trust provisions in this Aiticle direct. (6) Upon the death of a beneficiary under this Section, our Trustee shall distribute all of such beneficiary's remaining trust share, including the trust principal and accrued and undistributed income, to any person or entity and upon any trust, terms and conditions, or to or in favor of the estate of such deceased beneficiary, as he or she may direct by his or her last Will or living trust agreement. No exercise of this general power of appointment shall be effective unless it refers to this trust agreement and expressly indicates an intention to exercise this general power of appointment. ARTICLE FOURTH TRUSTEES A. I appoint myself, BEATRICE E. FICKES, as the initial Trustee on the trust creation date. B. In the event I, BEATRICE E. FICKES is unable or unwilling to serve as Trustee, I appoint my daughters WANDA J. PEDUZZI and ELAINE D. LAWSON or the survivor of ~m, as successor Trustee(s). In the event neither of my daughters are able or willing to serve or continue to serve as Trustee, I appoint my grandchildren ANGELA PEDUZZI SHOPE and ANDREW J. PEDUZZI or the survivor of them as successor Trustee(s). C. If at any time the Settlor is serving as a co-Trustee under this agreement, any acting Trustee may make decisions and bind the trust in exercise of all powers and discretions granted to them under this agreement without the consent of any other Trustee. D. Unless otherwise provided for under this Article Fourth, each named successor Trustee shall have the power to nominate his or her successor Trustee and in the event the named successor Trustee should cease to act as Trustee without having designated a 6 successor, then a majority of the beneficiaries then-eligible to receive distributions of income or principal under this agreement or their legal representatives shall appoint a successor Trustee. If any trust existing under this agreement lacks a Trustee and no successor is appointed pursuant to this Section, the vacancy shall be filled by a court of competent jurisdiction. E. Notwithstanding Section C of this Article, if at any time there are two or more Trustees serving under this agreement, none of whom are the Settlor, they shall act by majority vote and any exercise of a power or discretion by a majority of the Trustees shall have the same effect as an exercise by all of them. F. Notwithstanding any other provision of this agreement, anyone or more of the co- Trustees serving under this agreement may from time to time delegate to another co- Trustee or co- Trustees routine acts of trust administration. G. No Trustee under this agreement shall be required to post any bond for the faithful performance of its responsibilities. H. The Trustee under this agreement sball be entitled to reasonable compensation for the performance of its functions hereunder payable without a court order. In calculating the amount of' compensation customary charges for similar services in the same geographic area for the same time period shall be used as guidelines. Should a corporate trustee be acting, compensation shall be in accordance with its standard schedule of fees in effect from time to time during the period over which its services are performed. I. Any corporate successor to the trust business of any corporate Trustee named under this agreement or acting hereunder shall succeed to the capacity of its predecessor without reconveyance or transfer of trust property . J. Notwithstanding any language purporting to confer absolute, sole or unrestricted discretion on the Trustee in exercising any discretionary power with respect to this trust, my trustee shall at all times act in accordance with fiduciary principals and shall not act in bad faith or in disregard of the purposes of this trust. K. Notwithstanding any other provision in this trust agreement, no individual Trustee who is also a beneficiary hereunder shall have any right, power, duty or discretion concerning this trust if such right, power, duty or discretion conferred upon such Trustee under this trust agreement is determined to be a general power of appointment under LR.C. Section 2041 or 2514 which would cause any assets of the Trust to be included in the estate of such Trustee-beneficiary. Any such right, power, duty or discretion with such effect shall be null and void with respect to such Trustee-beneficiary. No Trustee who is under a legal obligation to any beneficiary of this trust or other person shall under any circumstance partake in any decisions relating to any discretionary distnbutions of income or principal of this trust which can be used for any such legal obligation to any such beneficiary or other person. 7 ARTICLE J:fllTH TRUSTEE POWERS Trustee shan have the following powers in addition to those vested in it by law and by other provisions of this trust, applicable to all property, whether principal or income, exercisable without court approval, and effective until actual distrIbution of all property: A. To retain any or all of the assets of the trust, real or personal, including any shares of stock or other securities Settlor may own of the corporate Trustee or its successor, or of a holding company controlling Trustee or its successor, without restriction to investments authorized for Pennsylvania fiduciaries, as it deems proper, without regard to any principal of diversification of risk. B. To invest in all forms of property (including stock or other securities of Trustee or its successor, or of a holding company controlling Trustee or its successor, and common trust funds and mortgage investment funds whether maintained by the corporate Trustee or its successor or others), without restriction to investments authorized for Pennsylvania fiduciaries, as they deem proper, without regard to any principal of diversification or risk. c. To borrow funds from any person including my Trustee, guarantee indebtedness or indemnify others in the name of the trust and to secure any such obligation by mortgage, pledge, security interest or other encumbrance and to renew, extend or modify any such obligation for a term within or extending beyond the admini~ation of the term of the trust. No lender shall be bound to see to or be liable for the application of the proceeds of any obligation and my Trustee shall not be personally liable for any obligation. D. To sell at public or private sale, to exchange, or to lease for any period of time, any real or personal property and to give options for sales, exchanges or leases, at such prices and upon such terms or conditions as it deems proper. E. To allocate receipts and expenses to principal or income or partly to each as Trustees from time to time think proper in their sole discretion but in no event shall the income of the marital deduction trust under Article Third be reduced by the exercise of this power. F. To lend to, or purchase from, Settlor's executor, even though any Trustee is also such executor. G. To hold property in the name of Settlor, or in its name without designation of any fiduciary capacity, or in the name of a nominee, or unregistered. ~ H. Settlor specifically authorizes Trustee to transfer assets to itself as Trustee by exercise of any power of attorney granted by Settlor to Trustee, such assets so transferred to be held IN TRUST under the terms of this trust. L Trustee is authorized to invest in U.S. Treasury Bonds redeemable at par in payment of Federal estate tax and Trustee is directed either to use all such bonds held by the trust at Settlor's death to pay Federal estate tax in Settlor's estate to the fullest extent possible or to deliver to the personal representative of Settlor's estate after Settlor's death all such bonds held by this trust at Settlor's death for use by the personal representative to the fullest extent possible in payment of the Federal estate tax in Settlor's estate. No reimbursement shall be due from Settlor's estate to this trnst for the bonds so used or distributed and provided herein. Trustee is further authorized to borrow monies to acquire such bonds. J. To contract with and arrange for Settlor's entrance to any hospital, nursing home, health center, convalescent home, residential care facility, or similar institution, to authorize medical, therapeutical and surgical procedures for Settlor, and to pay all bills in connection therewith. K. Should the principal of any tmst herein provided. for be or become too small in the discretion of the Trustees other than Settlor's husband so as to make establishment or continuance of the trust inadvisable, the Trustees other than Settlor's husband may make immediate distribution of the then-remaining principal and any accumulated or undistributed income outright to the person or persons and in the proportions they are then entitled to income. Upon such termination, the rights of all persons who might otherwise have an interest as succeeding income beneficiary or in remainder shall cease. ARTICLE SIXTH MISCELLANEOUS A. Estate Expenses. Trustee shall have the power, but not the duty, to make such expenditures out of this trust as they, in their uncontrolled discretion, may consider desirable in order to facilitate the settlement of Settlor's estate. In exercising such power, Trustees may pay, in whole or in part, any or all of the following items: The expenses of Settlor's last illness and burial, including cost of gravemarker: his debts; his income taxes; the death taXes on any and all property included in his gross estate for tax purposes; and all other items in connection with tbe settlement of his estate. Any such items may be paid directly by Trustees, or the funds for their payment may be transferred to Settlor's executor or administrator; and neither such executor or adrnmimrator nor any beneficiary of Settlor's estate shall be required to reimburse Trustees for any funds so paid. 9 B. Spendthrift Protection. Neither the principal not the income of any trust created or contained under this agreement shall be liable for the debts of a beneficiary nor shall the same be subject to seizure by any creditor of any beneficiary under any lien or proceeding at law or equity. Except to the extent otherwise expressly provided in this agreement, no beneficiary shall have authority or power to sell, assign, transfer, encumber or in any manner to anticipate or dispose of a beneficial interest whether income or principal. The limitations berein shall not restrict the exercise of any power of appointment or the right to disclaim by any beneficiary. C. No-Contest Clause. If any person or entity, other than the Settlor, or in conjunction with any other person or entity, directly or indirectly. contests in any court the validity of this trust agreement, including any amendments thereto, then the right of that person or entity to take any interest in the trust property shall cease, and that person (and his or her descendants) or entity shall be deemed to have predeceased me. D. Income and Principal Payments. All payments of income or principal shall be made in sucn of the following ways as my Trustee determines appropriate: (1) To each respective beneficiary in person upon his or her personal receipt; (2) Deposited in any bank to the credit of such beneficiary in any amount carried in his or her name jointly with another or others; (3) To the parent or legal representative of the beneficiary; (4) To a Custodian under a Uniform Transfers to Minors Act selected by the Trustee for such period of time under applicable law as our Trustee determines appropriate ; (5) To some near relative, friend or institution having primary responsibility for the care and custody of the beneficiary; (6) By the Trustee using such payment directly for the benefit of such beneficiary; or (7) To the Trustee of any revocable trust of whien the beneficiary is the Settlor. E. Merger of Trusts. Trustees may at any time after death of Settlor and Settlor's husband merge any separate trust held hereunder with any other separate trust held by Trustees under Agreement with Settlor's husband , or under his last Will, if the terms of the trusts are then substantially similar and held for the primary benefit of the same persons. F. Severability. Should any of the provisions of this agreement be for any reason declared invalid, such invalidity shall not affect any of the other provisions of this agreement and all invalid provisions shall be wholly disregarded in interpreting this agreement. G. Perpetuities Clause. Unless sooner terminated or vested in accordance with other provisions of this agreement, all interests not otherwise vested including but not limited to all trusts and powers of appointment created hereunder shall terminate twenty-one (21) years after the death of the last survivor of the group composed of me and my lineal 10 G. Trust Situs and Applicable Law. The situs of this trust for administrative and accounting purposes shall be in the County of Cumberland, Commonwealth of Pennsylvania. The laws of the Commonwealth of Pennsylvania shall at all times govern the CODStruCtiO~ validity, and effect oftbis Trost Agreement and the administration of the trust hereby created. H. Binding Effect. This Trust Agreement extends to and is binding upon the personal representatives, successors and assigns of the Trustee and Settlor. IN WITNESS WHEREOF, Settlor and Trustees have hereunto signed and sealed this Trust Agreement as of the day and year first above written. 13~ E~ ~~~ BEATRICE E. FICKES, Settlor 8~ ~. ~~~- BEATRICE E. FICKES, Trustee COMMONWEALTH OF PENNSYLVANIA : 5S: COUNTY OF CUMBERLAND On this U day of 3(/JVG , 1996, before me, the undersigned officer, personally appeared, BEATRICE E. FICKES, Settlor and Trustee, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument and acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I have hereunto set my hand and official seal. ~,~~{L\l Notal}' Public ..-,'r" . ...-: -.."- - . ~::. '~,' r; ,',; ." . \..,:::-.; ) -",' .\.. <:.::l 11 /: !~\ Itf,(\>i'\> ^ ^ >,.- , i ~j..;.l 3 :/1". ...l! \\:'- r YJ " - -"~ iNRE: :IN THE COURT OF COMMON PLEAS :CUMBERLAND COUNTY, PENNSYLVANIA BEATRICE E. FICKES, REVOCABLE LIVING TRUST ORPHA1~S' COURT DIVISION No. 00-407 ORPHAJ~S' COURT RECEIPT p~l\JD RELEASE ,A1GREEMENT FOR FINAL DISTRIBUTION (....j -..-; THIS RECEIPT AND RELEASE AGREEMENT FOR FINAL DISTR;IJ,3UTI~~ is executed on this j 2 t,- day of April, in the year Two Thousand Five (2005), by and betWeen ELAINE A. SHUGHART formerly mown as ELAINE A. LAWSON residing at 32 Linden Drive, Carlisle, Pennsylvania, 17013, (hereinafter referred to as "SHUGHART") and WANDA J. PEDUZZI (hereinafter referred to as "PEDUZZI") residing at 1527 Spring Road, Carlisle, Pennsylvania 17013. WHEREAS, on June 28, 1996 Beatrice E. Fickes (hereinafter referred to as "Settlor")created the Beatrice E. Fickes, Revocable Trust(hereinafter referred to as "Trust"); WHEREAS, on June 28, 1996 Beatrice E. Fickes transferred the following property into the Trust (hereinafter "Trust Property") 1. Real Property located at 1527 Spring Road, North Middleton Township, Cumberland County, Pennsylvania; 2. Mellon Bank Checking Account number 1921096358 3. Mellon Bank Money Market Account number 1800S712000 4. Certificates of Deposits at Mellon Bank, Dauphin Deposit Bank and Harris QHI8IT "e" Savings 5. Personal Property including personal effects, Furniture, Furnishings, Appliances and Jewelry. WHEREAS, Settlor during her life time pursuant to Article Second was entitled to distributions of an Trust Income and discretionary distributions of Trust Principal; WHEREAS, Settlor also served as Trustee of the Trust; .a.t"~ - It.. \D ? "U)'-:J WHEREAS, Settlor died on February fl., 2000. ~r~ I' ,J ,)~ WHEREAS, pursuant to p,nicle Fourth of the Trust Agreement upon the death of the Settlor WANDA J. PEDUZZI and ELAINE D . LAWSON were appointed as co-Trustees of the Trust. WHEREAS, pursuant to Article Third upon Settler's death the following two specific distributions were made: (1) $3,000.00 was distributed to ANGELA PEDUZZI-SHOPE and (2) $3,000.00 was distributed to ANDRE\!I J. PEDUZZI. WHEREAS, thereafter the Trust Principal was to be divided equally amongst Settlor's then living children, WANDA J. PEDUZZI and ELAINE D. LAWSON, and distributed promptly. WHEREAS, SHUGHART now desires to have her share of the Trust Principal distributed. NO\V THEREFORE, KNOW ALL MEN BY THESE PRESENTS that SHUGHART does hereby request that final distribution of her respective share be made without the filing of an accounting for audit and approval by the Court having jurisdiction thereof. SHUGHART, in consideration of cash in the amount of ONE HUNDRED FORTY-FOUR THOUSAND FOUR HUNDRED SEVEN AND 40/100 DOLLARS ($144,407.40) representing one-half (l/2)of the trust principal, the receipt of which is hereby acknowledged, by SHUGHART, and her heirs, executors, administrators, personal representatives, successors and assigns of SHUGHART, does hereby remIse, release, quitclaim and forever discharge PEDUZZI, individually and as Trustee, and her heirs, executors, administrators, personal representatives, successors and assigns, of and from all actions, suits, payments, accounts, claims and demands whatsoever or by reason thereof, and from any suit, payment, claim or liability arising from this distribution and any request for an accounting therefrom, or of any commo!l fund by the fiduciary or arising from any losses on investments in any common fund administered by the fiduciary, and hereby agrees that any Court having jurisdiction may by its decree discharge PEDUZZI, individually and as Trustee. SHUGHART further agrees to indemnify and hold harmless PEDUZZI, individually and as Trustee, her heirs, personal representatives, executors, administrators, successors and assigns, from and against any and all claims, losses, liability or damages which PEDUZZI may suffer as a result of an action brought against the Trust or against PEDUZZI, by SHUGHART or her heirs, executors, administrators, personal representatives, successors and assigns with regard to the foregoing distribution or with regard to any past or future administration of the Trust. In consideration of the foregoing distribution, the undersigned agrees to pay PEDUZZI the cost of any obligations, liabilities, attorney's fees or other costs charged to the Trust or to PEDUZZI, individually or as Trustee with regard to this subparagraph. SHUGHART further agrees to indemnify and hold harmless PEDUZZI, individually and "s'T'n,stpp ]-.p," ]-.p;,"s "p'"sl>,,<>j ,"p-nn"spnt"t;"ps px"'c"tl"l,"S "ri""';n;str"tl"lrs S"f"'f"'pSSl"lrs anrl <>ss;o-r>s u.. .J..1 \,.t 1............., .1.1.......1 .1.1......1..1 , .1-'......1 V.1.lU.1 .1 V,tJ.1 '-' V.1,ll..ULJ. v...... , ...... ...... u.l.V.1 , U\...J..1.lJ..1.1.1 \..1. u."V1. , u-'-'vv V.L .1.1...... U. J.&.l, from and against any and all claims, losses, liability or damages which PEDUZZI may suffer or to which PEDUZZI may be subject by reason ofPEDUZZI and SHUGHART's administration of the Trust that are now existing or that accrued prior to the signing of this Receipt and Release, except for liability that may arise from any governing taxing authority with respect to the administration of the Trust prior to the signing of this Receipt and Release, which would be assessed equally among PEDUZZI AND SHUGHART, as Co-Trustees. In consideration of the foregoing distribution, the undersigned agrees to pay PEDUZZI the cost of one-half (\12) of any obligations, liabilities, attorney's fees or other costs charged to the Trust or to PEDUZZI, individually or as Trustee with regard to this subparagraph. Dli'T\U77T F.'rtl,,,,r <>gr"''''s tA ;nd"'mnl1.F.y "Dr! hAIr! harrm1ess SUT Ir::U ^ D'T ;~d;";r!""ll,, n~r1 ...l..:J..I..J L..JL_U...LU t..J.J.\".IJ. U '-"v \.v J. J. \,..IJ. .1. U lU J. VIU 11 .1 1.1 .l.1.U'-.J.l.lIJ....1'\....l, lH lVJ.UUa1.1Y auu as Trustee, her heirs, personal representatives, executors, administrators, successors and assigns, from and against any and all claims, losses, liability or damages which SHUGHART may suffer as a result of an action brought against the Trust or against SHUGHART, by PEDUZZI or her heirs, executors, administrators, personal representatives, successors and assigns with regard to the foregoing distribution or with regard to any past or future administration of the Trust. In consideration of the foregoing distribution, the undersigned agrees to pay SHUGHART the cost of any obligations, liabilities, attorney's fees or other costs charged to the Trust or to SHUGHART, individually or as Trustee with regard to this subparagraph. 4 PEDUZZI further agrees to inderrmify and hold harmless SHUGHART, individually and as Trustee, her heirs, personal representatives, executors, administrators, successors and assigns, from and against any and all claims, losses, liability or damages which SHUGHART may suffer or to which SHUGHi".RT may be subject by reason of SHUGH.A.RT and PEDUZZI'S administration of the Trust that are now existing or that accrued prior to the signing of this Receipt and Release, except for liability that may arise from any governing taxing authority with respect to the administration of the Trust prior to the signing of this Receipt and Release, which would be assessed equally among SHUGHART AND PEDUZZI, as Co-Trustees. In consideration of the foregoing distribution, the undersigned agrees to pay SHUGHAtIZ T the cost of one-half ('i2) of any obligations, liabilities, attorney's fees or other costs charged to the Trust or to SHUGHART, individually or as Trustee with regard to this subparagraph. PEDUZZI, agrees to indemnify and hold harmless SHUGHART, individually and as former- Trustee, her heirs, personal representatives, executors, administrators, successors and assigns, from a..'1d against any and all claims, losses, liability or damages which SHUGHART may suffer or to which SHUGHART may be subject by reason ofPEDUZZI's administration of the Trust that accrue after the signing of this Receipt and Release. In consideration of the foregoing distribution, the undersigned agrees to pay SHUGHART the cost of any obligations, liabilities, attorney's fees or other costs charged to the Trust or to SHUGHART individually or as former-Trustee with regard to this subparagraph. SHUGHART, further resigns her position as Trustee of the Beatrice E. Fickes, Revocable Trust. SHUGHART, further agrees to cooperate with Peduzzi to execute any and all documents 5 that SHUGHART is required to execute which pe11ain to her fom1er positlon as Trustee of the Trust and/or pertain to her prior admirustratlon of the Trust. Shughart agrees to execute any such documents withln a reasonable time. PEDUZZI and SHUGH.A...RT, further agree that PEDUZZI shall become the sole Trustee of the Beatrice E. Fickes Revocable Trust and further that PEDUZZI shall be entitled to , 1 1 /1 ^"f'I / '\ r " :I ~ t.' t" .c""".L T .J""" _ L T'\. . 1 .1..1-,.' .c one nunmea tI VVio) 01 au GIS nou IOns 01 1 ruSl illcome anu 1 rUSl rnnClpal upon llle sIgnmg 01 this Recelpt and Release. SIGNATURE PAGE FOLLOWS 6 IN WITNESS WHEREOF, and intending to be legally bound hereby, SHUGHART and PEDUZZI have hereunto set their hands and seal the day, month and year first written above. \VITNESS: SHUGHART: Q Ilt2/-;) (J LPp . /(-~ ~ /;/ C-ezt-U1/ II y. ,f/ /!-,',.',(/1/ /~ ELAINE D. LAWSON / r - fIkIa ELAINE D. SHUGHA.RT One-half Trust Beneficiary WITNESS: PEDUZZI: ~ ~~-2 i I, (1 F n J / vJ t~'\... ':rf 'tJ ---f--f:tA/V)\~(J WANDA J. PEE>UZZI ! One-half Trust Beneficiary COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND ) ) On this, the \ J Ip1 day of April, 2004, before me, a Notary Public, the undersigned officer, personally appeared ELAINE D. SHUGH.A.....RT and WANDA J. PEDUZZI known to me (or satisfactorily proven) to be the person whose name is subscribed to the within Receipt and Release Agreement, and who acknowledged that she executed the same for the purposes therein contained. IN WITNESS WHEREOF, I hereunto set my hand and official sea1. ~.! ' JiLt!" (I L ~-LA NOTARY PUBLIC MY COMMISSION EXPIRES: /] / / , ct1"Vtf;.{r:;) Notarial Seal Victoria M. Rankin, Notary Public L~ Bora, Cumbertand County L My CommiS.SlOn ~res Aug. 'Zl, 2006 I Member Pennsvlvama ASsociation Of Notaries 7 INRE IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA THE ESTATE OF BEATRICE E. FICKES ORPHANS' COURT DIVISION NO. 21-00-407 RESIGNATION I, Elaine D. Shughart, fonnerly known as Elaine D. Lawson, hereby resign as co- Executrix of the Estate of Beatrice E. Fickes. Dated:~ COMMONWEALTH OF PENNSYLVANIA Notarial Seal Athena M.. Ott, Notary Public Carlisle 80ro, Cumberland County My Commission Expires June 8,2011 Member. Pennsylvania Association of Notaries (](furo-Jt 4f- EXHIBIT liD" INRE IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA THE EST A TE OF BEATRICE E. FICKES ORPHANS' COURT DIVISION NO. 21-00-407 ACCEPTANCE I, Wanda 1. Peduzzi, hereby agree to continue to serve as the sole Executrix of the Estate of Beatrice E. Fickes. Dated: f,/dt'/iI 7 vtI~(J.~/ Wanda J. PeduzziP' COMMONWEALTH OF PENNSYLVANIA Notarial Seal Athena M. Ott, Notaly Public Carlisle 8oro, Cumberland County My Commission Expires June 8, 2011 Member, Pennsylvania Association of Notaries ~ EXHIBIT "E" VERIFICATION I, Wanda J. Peduzzi, Petitioner herein, hereby certify that the facts set forth in the foregoing Petition for Leave to Resign as Executrix are tme and correct according to the best of my knowledge, information and belief. I understand that any false statements herein are made subject to penalties of 18 Pa. c.s. 94904 relating to unsworn falsification to authorities. 1/c3tJ /V/ , Date / ' ~. ilf/~'- , Wanda 1. ict~zzi y-- COMMONWEALTH OF PENNSYLVANIA Notarial Seal Athena M. Ott. Notary Public Cartisle Born, Cumberland County My Commission Expires June 8. 2011 Member, Pennsylvania Association of Notaries &rff . INRE IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA THE EST A TE OF BEATRICE E. FICKES ORPHANS' COURT DIVISION NO. 21-00-407 CERTIFICATE OF SERVICE I, Ronald D. Butler, Esquire, hereby celiify that on the 5~ day of S~f',t:frl6U, 2007, I served a true and correct copy of the foregoing Petition for Leave to Resign as Executrix by depositing same in the United States Mail, postage prepaid in Harrisburg, Pennsylvania, addressed as follows: Elaine D. Shughart 3 East Linden Drive Carlisle, P A 17013 ~~ Ronald D. Butler, Esquire Attorney for Petitioner J.D. #09826 500 North Third Street P.O. Box 1004 Harrisburg, P A 17108-1004 (717) 236-1485 ATTORNEYS AT LAW rSEP 0 7 2D07 f') , -'~'- .-... INRE IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLV ANlA THE ESTATE OF BEATRICE E. FICKES ORPHANS' COURT DIVISION NO. 21-00-407 ORDER AND NOW, on this to day of ~007, upon consideration ofthe foregoing Petition, IT IS HEREBY ORDERED (1) that the resignation of Elaine D. Lawson (nlkla Elaine D. Shughart) as co-Executrix of the Estate of Beatrice E. Fickes is approved and (2) Wanda J. Peduzzi shall continue to serve as the sole Executrix ofthe Estate of Beatrice E. . . . ( Fickes. .- TO: Ronald D. Butler, Esquire Butler Law Firm 500 N. Third Street P.O. Box 1004 Harrisburg, PA 17108-1004 , . (~ Co :~~~! ~} ~'-r r, - ") 1~ s; ~;d5~ ,..J C) C) (o;,C)-l (=)~; ~':1 :..":~ ;:;.0. t"...~1 , c..: ~ -~. .J (.F) i . Elaine D. Shughart 3 East Linden Drive Carlisle, P A 17013 C) - ) --:'J r" ..r.:- ) (,l \.0 . LJ 11...'111 In Re: BEATRICE E FICKES ORPHANS' COURT DIVISION COURT OF COMMON PLEAS OF CUMBERLAND COUNTY PENNSYLVANIA NO. 21-00-0407 CERTIFICATE OF SERVICE OF ORDER ORDER DATE: 09-10-07 JUDGE'S INITIALS: EBB TIME STAMP DATE: 09-10-07 IN RE: ORDER OF COURT ""....",......",.."""""....""""....,..,............,""""..""""""""""""""""""","""',..,"""",....",....." SERVICE TO: RONALD D BUTLER ELAINE D SHUGHART METHOD OF MAILING: ENVELOPES PROVIDED BY: IZI USPS DRRR o HAND DELIVERED o OTHER_ IZI PETITIONER o JUDGE o CLERK OF ORPHANS COURT MAILED: 9/11/07 ",""""""""""""""""""""""""'"""""""""""""""""""""""""""""""""""'" SERVICE TO: METHOD OF MAILING: ENVELOPES PROVIDED BY: o USPS DRRR o HAND DELIVERED o OTHER_ o PETITIONER o JUDGE o CLERK OF ORPHANS COURT MAILED: v01Jt j 11 f7 /lL ~ ()t<Jh n 1\ff6 Deputy Tn WVJ Clerk of Orphans' Court