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Home My WebLink About09-24-07 REV-l500 EX (6-00) OFFICW.. USE ONLY COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 REV -1500 INHERITANCE TAX RETURN RESIDENT DECEDENT FILE NUMBER ~L COl.MY CODE ~L 0505___ YEAR NUMBER .... Z W o w o w o DECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL) Fre sin er Barbara DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR) 12/30/2006 12/26/1926 (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) Millard C. Fre D 1. Original Return D 4. Limited Estate [X] 6. Decedent Diad Testate (Attach copy of Will) D 9. Litigation Proceeds Recaived L SOC~SECURITYNUMBER 174-20-6761 THIS RE1lJRN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS SOC~LSECURITYNUMBER W I- ~~1Il o a::~ w a..o :c~ oa..1D a.. c( 202-20-0677 D 2. Supplemental Return D 3. Remainder Return (date of death prior to 12-13-82) D 4a. Future Interest Compromise (date of daath after 12-12-82) D 5. Federel Estate Tax Return Required D 7. Decedent Maintained a Living Trust (Attach copyofTnJst) _ 8. Total Number of Safe Deposit Boxes D 10. Spousal Poverty Credit (doto of d..th botwoon 12.31.91 000 1-1-95) [XJ 11. Election to tax under Sec. 9113(A) (AUoell Soh 0) THIS SECTION MUST BE COMPLETED..ALL CORRESPONDENCE ANDCONFIDENTIALTAxINFORMATIONSHOULDBE DIRECTED TO: NAME COMPLETE MAILING ADDRESS .... z w C Z o n. III w II:: II:: o (.) Vick Ann Trimmer Es ire FIRM NAME (If Applicable) METTE, EVANS & WOODSIDE TELEPHONE NUMBER 717-232-5000 3401 North Front Street PO Box 5950 Harrisbur , PA 17110-0950 1. Real Estate (Schadule A) 0.00 4,657.28 307.00 100,426.67 2.500.00 0.00 ciEk;1AI... USE ONLY ~ C~g ~ -" f"T'j -;-0 v [- [" f'-' ~D .t:"" ""'!J (1) (2) 2. Stocks and Bonds (Schadule B) 3. Closely Held Corporation. Partnership or Sole-Proprietorship (3) 4. Mortgages & Notes Receivable (Schadule D) (4) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schadule E) (5) z o ~ :5 ::::) .... 0: c( o w a: 6. J~ Owned Property (Schedule F) U Separate Billing Requestad 7. InterNivos Transfers & Miscellaneous Non.Probate Property (7) (Schedule G or L) (6) =~ r'..> ~ 0.00 8. Total Groll Asseta (total Lines 1-7) 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10) (8) 19,677.09 0.00 107,890.95 9. Funeral Expenses & Administrative Costs (Schadule H) (9) 11. Total Deductions (total Lines 9 & 10) 12. Net Value of Estate (Line 8 minus Line 11) 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schadule J) (12) (13) 19,677.09 88,213.86 0.00 (11) 14. Net Value Subject to Tax (Line 12 minus Line 13) SEE INSTRUCTIONS Q\I REVERSE SIDE FOR APPLICABLE RATES (14) 88,213.86 15. Amount of Line 14 taxable at the spousal tax 31,007.57 X.a L(15) z rate, or transfers under Sec. 9116 (a)(1.2) 0 i= 16. Amount of Line 14 taxable at lineal rate 57,206.29 X.O 45 (16) c( .... ;:) 0.00 a.. 1 7. Amount of Line 14 taxable at sibling rate x .12 (17) ::IE 0 0.00 0 18. Amoun1' of Line 14 taxable at collateral rate x .15 (18) )( c( 19. Tax Due (19) .... 20. D CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPA YMENT 0.00 2,574.28 0.00 0.00 2,574.28 > > BElUe TOANlWER~ALLQUliS-"",NSONRMRSESIPEAND RECHECKMAcTH < < 3W4645 1.000 % Estate of Barbara L Freysinger 174-20-6761 Executors (Page 1) Name Address ~11ard C. Freysinger 530 16th Street Tax 10 New Cumberland, PA 17070- 202-20-0677 D d t' C I t Add ece en s omple e ress: STREET ADDRESS 530 16th Street Cumberland County CllY I STA1E I ZIP New Cumberland PA 17070- Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit 8. Prior Payments C. Discount (1) 2,574.28 0.00 0.00 0.00 3. Interest/Penalty if applicable D. Interest E. Penalty Total Credits (A + 8 + C) (2) 0.00 0.00 0.00 TotallnterestlPenalty (0 + E) (3) 0.00 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 Line 20 to request a refund (4) 0.00 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 2,574.28 A. Enter the interest on the tax due. (5A) 0.00 8. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (58) 2,574.28 ~k~~~,A~NT mf'lll~.__ '1J.. ~-~ 1_ ~4--~ PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred;. . . . . . . . . . . . . . . D []I b. retain the right to designate who shall use the property transferred or its income; . D []I c. retain a reversionary interest; or . . . . . . . . . . . . . . . . . . . . . . . . D []I d. receive the promise for life of either payments, benefits or care? . . . . . . . . . D []I 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? . . . . . . . . . . . . . . . . . . . . . . . . . . .. IX] D 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? D []g 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. D [Jg IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Under penelties of perjury, I declere the! I heve examined this retum. including eccompenying schedules end statements, end to the beat of my knowledge end belief. It is true, correct end complete. Decleratlon of preparer other then the personal representative is based on all Information of which prepllnlr hea eny knowledge. SIGNA11JRE OF PER ON RESP NSIBLE FOR FILING RElURN er ~C}, DATE 9 ' 7 - / <7- 0 530 16th Street SIGNA11JRE OF PREPARER OlHER lHAN REPRESENTATIVE Vick Ann Trimmer Es ire AOORESS 3401 North Front Street 17070 DA1E 9 - l,O--() 7 " For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate mposed on the net value of transfers to or for the use of the surviving spouse is 3% [72 P.S. ~ 9916 (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 0% [72 P.S. !i 9116 (a) (1.1) (i~) 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 de~th 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 naturel parent, an edoptive parent, or a stepparent of the child is 0% [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 4.5%, except as noted in 72 P .S. !i 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 decedenfs sibUngs is 12% (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. 3W4646 1.000 Harrisburg, PA 17110-0950 REV-1503 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF SCHEDULE B STOCKS & BONDS FILE NUMBER Barbara L Freysinger 21 07 0505 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER OESCRIPllON VALUE AT DATE OF DEATH 1 128 Shares PPL Corporation - 128 shares common stock at $36.11 per share; accrued dividend of $.275 payable 01/01/07 CUSIP: 69351T106 See attached valuation. Dividend accrued on 12/30/2006 4,622.08 35.20 3W4696 1 000 TOTAL (Also enter on line 2, Recapitulation) $ (if more space is needed, Insert additional sheets of the same size) 4,657.28 REV.1504 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN SCHEDULE C ClOSElY-HElD CORPORATION, PARTNERSHIP OR SOLE-PROPRIETORSHIP ESTATE OF FILE NUMBER Barbara L Frevsinaer 21070505 Schedule C-' or C-2 (including all supporting information) must be attached for each closely-held corporation/partnership interest of the dacedant, other than a sole-proprietorship. See instructions for the supporti1g i1formation to be submitted for sole-proprietorships. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1. 1 Share Freysinger Pontiac GMC Buick, Inc. - one share of common stock at $307 per share 307.00 3W4697 1 000 TOTAL (Also enter on line 3. Recapitulation) (If more space is needed. insert additional sheets of the same size) $ 307.00 REV.l505 EX + (8-98) SCHEDULE C-1 CLOSEL V-HELD CORPORATE STOCK INFORMATION REPORT COMMONWEAL Tli OF PENNSYlVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Barbara L Frevsinaer 21 07 0505 1. Name of Corporation Frevsinaer Pontiac (;Me Buick. Inc. Address 6251 Carlisle PikQ State of Incorporation Pennsylvania Date of Incorporation 7/27/1956 City Mechanicsburg State PA Zip Code 17050 Total Number of Shareholders 4 2. Federal Employer 1.0. Number 23-1491072 Business Reporting Vear 12/31/2006 3. Type of Business Automobile Dealership Product/Service Automobile sales and service 4. I STOCK TYPE TOTAL NUMBER OF NUMBER OF SHARES VALUE OF THE I Voting/Non-Voting SHARES OUTSTANDING PAR VALUE OWNED BY THE DECEDENT DECEDENT'S STOCK Common Votina '0 1 226 10.00 1 !G 307.00 Common. Non-voting 11,034 10.00 0 $ 0.00 ... Provide all rights and restrictions pertaining to each class of stock. 5 Was the decedent employed by the Corporation~ . . . . . . . . . . . . . . . . . . . . . . .. D Ves [RJ No If yes, Position Annual Salary $ 0.00 Time Devoted to Business 6. Was the Corporation indebted to the decedent? . . If yes, provide amount of indebtedness $ . . . . . . . . . . . . . . . . .. DVes [RJ No 0.00 7. Was there life insurance payable to the corporation upon the death of the decedent? .. D Ves 00 No If yes, Cash Surrender Value $ Owner of the policy 0.00 Net proceeds payable $ 0.00 8. Did the decedent sell or transfer any stock in this company within one year prior to death or within two years if the date of death was prior to 12-31-82? lliI Ves 0 No If yas, [ID Transfer D Sale Number of Shares 9 Non-voting Transferee or Purchaser Farry 1 & Thomas Consideration $ 0.00 Date 5/4/2006 [eye u~cJ.. Attach a separate sheet for additional tranSfers and/or sales. 9. Was there a written shareholder's agreement in effect at the time of the decedent's death?. D Ves If yes, provide a copy of the agreement. 00 No 10. Was the decedent's stock sold? . . . . . ...................... DVes rn No If yes, provide a copy of the agreement of sale, etc. 11. Was the corporation dissolved or liquidated after the decedent's death? . . . . . . . . . .. 0 Ves 00 No If yes, provide a breakdown of distributions received by the estate, including dates and amounts received. 12. Did the corporation have an interest in other corporations or partnerships? . . . . . . . . . . .0 Ves 00 No If yes, report the necessary information on a separate sheet, including a Schedule C-1 or C-2 for each interest. 1 HE FOLLOWING INFORMATION MUST BE SUBMITTED WITH THIS SCHEDULE A. Detailed calculations used In the valuation of the clecedenfs stock. B. Complete copies of financial statements or Federal Corporate Income Tax retums (Form 1120) for the year of death and 4 preoecIng years. C. If the corporf'tlon owned real estate. submit a list showing the complete address/es and estimated fair market value/s. If real estate appraisals have been secured. attach copies. o List of principal stockholders at the date of death, number of shares held and their relationship to the decedent. E List of officers. their salaries, bonuses and any other benefits recelWld from the corporation. F. Statement of dividends paid each year. List those declared and unpaid. G. Any other Information relating to the valuation of the cfeoedanfs stock. (If more space Is needed. Insert additional sheets of the same size) 4W4696 1.000 REV.1507 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Barbara L Frevsinaer SCHEDULE D MORTGAGES & NOTES RECEIVABLE FILE NUMBER 21 07 0505 All property Jolntly~wned with right of Iurvlvonlhlp mUlt be dllclOled on Schedule F. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1 GMAC Demand Notes, 12/31/06, 5.83% 100,426.67 TOTAL (Also enter on line 4, Recapitulation) $ 100,426.67 3W46AC 1 000 (If more space Is needed, 1n8tllt eddlllonal8h88ls ri 88I1'Ie Ilze) REV-1508 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF Barbara L Frevsinqer Include the proceeds of litigation and the date the proceeds were received by the estele. All property lolntlv-owned with the rlaht of survivorship must be disclosed on Schedule F. FILE NUMBER 21 07 0505 ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1 1997 Pontiac Sunfire Convertible See attached appraisal 2,500.00 " 3W46AD 1000 TOTAL (Also enter on line 5 Recanitulatlon\ S (If more space is needed. Insert additional sheets of the seme size) 2,500.00 REV-1510 EX + (6-98) COMMONWEAL lH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Barbara L Frevsinqer SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY FILE NUMBER 21 070505 ITEM NUMBEF 1. This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. DESCRIPllON OF PROPERTY INCU.OE TIE N'ME OF TIE lRANSFEREE. TlEIR RELATlONSHP TO DECEDENT AI<<) TIE DATE OFlIlANSFER.ATTACH A COPI' OF THE DEED FOR REAl ESTATE DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST EXCLUSION IF APPLICABLE) TAXABLE VALUE Gift to Garry M. Freysinger, son 5 shares of non-voting common stock in Freysinger Pontiac GMC Buick, Inc. valued at $307 per share. Gift was made on May 4, 2006, within one year of death. 1,535.00 100.0000 1,535.00 0.00 2 Gift to Thomas W. Freysinger, son 4 shares of non-voting common stock in Freysinger Pontiac GMC Buick, Inc. valued at $307 per share. Gift was made on May 4, 2006, within one year of death. 1,228.00 100.0000 1,228.00 0.00 3 Qualified Terminable Interest Property held by Trust U/A dated August 28, 2004, Millard C. Freysinger, Grantor, FBO Decedent. This property is subject to Federal Estate Tax under IRC S2044i however, it is not taxable for Pennsylvania Inheritance Tax purposes. 0.00 100.0000 0.00 0.00 TOTAL (Also enter on line 7, Recapitulation) $ 0.00 3W46AF 1.000 (If more space Is needed, Inlert addltJonal sheets or the 18lTle size) REV-1511 EX. (12-99) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Barbara L Freysing~r SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS FILE NUMBER 21 07 0505 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. 1 FUNERAl.. EXPENSES: Gravemarker 3,155.00 2 Parthemore Funeral Home 9,028.57 B ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Social Security Number(s) I EIN Number of Personal Representative(s) Street Address City State Zip Year(s) Commission Paid: 2 Attorney Fees 5,000.00 307.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Millard C. Freysinger Street Address 530 16th Street City New Cumberland State PA Zip 17070 Relationship of Claimant to Decedent SURVIVING SPOUSE 4. Probate Fees 310.00 5. Accountant's Fees 1,000.00 6 Tax Return Preparer's Fees 7. 1 Estimated expenses to administer estate 500.00 2 Miscellaneous Expenses 133.37 3 Estate Valuation fees 1.55 Total from continuation schedules 241.60 3W46AG 1000 TOTAL (Also enter on line 9. Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 19.677.09 Estate of: Barbara L Freysinger 174-20-6761 Schedule H Part 7 (Page 2) 4 Legal Advertising 241.60 .. Total (Carry forward to main schedule) 241.60 REV-1513 EX+ (9-00) SCHEDULE J BENEFICIARIES COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Barbara L Frevsinaer 1 NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] ~llard C. Freysinger 530 16th Street New Cumberland, PA 17070 FILE NUMBER 21 07 0~05 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE Do Not List Trustee(s) OF ESTATE NUMBER I 1997 Pontiac Sunfire Convertible Inventory Value: 2,500.00 Life Estate, Residue, Trust A Credit) and Trust~ (Marital) Value: 28,507.57 Surviving Spouse 31,007.57 2 Trusts A and B ~llard C. Freysinger, Trustee 530 16th Street New Cumberland, PA 17070 Remainder Interest to Children and Issue Value: $57,206.29 Residue Trusts A and B for Children 57,206.29 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET II NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 3W46AI 1 000 TOTAL OF PART II- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET (If more space Is needed, Insert additional sheets of the same size) $ 0.00 REV-1514 EX+ (12-03) SCHEDULE K LIFE ESTATE, ANNUITY & TERM CERTAIN COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Check Box 4 on REV.1500 Cover Sheet, FILE NUMBER Millard C. Freysinqer Barbara L Frevsinaer 21 07 0505 This schedule is to be used for all single life, joint or successive life estate and term certain calculations. For dates of death prior to 5-1-89, actuarial factors for single life calculations can be obtained from the Department of Revenue, Specialty Tax Unit. Actuarial factors can be found in IRS Publication 1457, Actuarial Values, Alpha Volume for dates of death from 5-1-89 to 4-30-99, and in Aleph Volume for dates of death from 5-1-99 and thereafter. Indicate the type of instrument which created the future interest below and attach a copy to the tax return. ~ Will 0 Intervivos Deed of Trust 0 Other . DATE OF BIRTH NEAREST AGE AT DATE OF DEATH 09/22/1925 81 Term of Years Term of Years Term of Years Life or 1. Value of fund from which life estate is payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2 Actuarial factor per ap~riate table . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest table rate - U 3 1/2% 0 6% 0 10% ~ Variable Rate 5.80000% 3. Value of life estate (Line 1 multiplied by Line 2) ............................. $ Term of Years 85,713.86 0.33259 ANNUITY INTEREST CALCULATION 28,507.57 NAME(S) OF LIFE ANNUITANT(S) DATE OF BIRTH NEAREST AGE AT DATE OF DEATH TERM OF YEARS ANNUITY IS PAYABLE 1. Value of fund from which annuity is payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2. Check appropriate block below and enter corresponding (number) . . . . . . . . . . . . . . . . . . . Frequency of payout -0 Weekly (52) 0 Bi-weekly (2~ Monthly (12) o Quarterly (4) 0 Semi-annually (2) D Annually (1) OOther () 0 3 Amount of payout per period ....................................... $ 4 Aggregate annual payment, Line 2 multiplied by Line 3 . . . . . . . . . . . . . . . . . . . . . . . . . 5. Annuity Factor (see instructions) Interest table rate -0 3 1/2% 0 6% 0 10% 0 Variable Rate 0.00000% 6. Adjustment Factor (see instructions) ................................... 7. Value of annuity .If USing 3 1/2%, 6%, 10%, or if variable rate and period payout is at end of period, calculation is: Line 4 x Line 5 x Line 6 . . . . . . . . . . . . . . . . . . . . $ If using variable rate and period payout is at beginning of period, calculation is: (Line 4 x LilJe 5 x Line 6) + Line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ Term of Years Term of Years Term of Years Term of Years 0.00 0.000 0.00 0.00 0.00000 0.00000 0.00 0.00 NOTE: The values of the funds which create the above future interests must be reported as part of the estate assets on Schedules A through G of this tax return. The resulting life or annuity interest(s) should be reported at the appropriate tax rate on Lines 13 and 15 through 18. (If more space is needed, insert additional sheets of the same size) 3W46AJ 3000 REV-1649 EX+ (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RElURN RESIDENT DECEDENT SCHEDULE 0 ELECTION UNDER SEC. 9113(A) SPOUSAL DISTRIBUTIONS, ESTATE OF FILE NUMBER Barbara L Freysinger 21 07 0505 Do not complete this schedule unless the estate Is making the election to tax assets under Section 9113(A) of the Inheritance & Estate Tax Act. If the election applies to more than one trust or similar arrangement, a separate form must be filed for each trust. This election applies to the Trust A Credit, Trust B Mari ta Trust (marital, residual, A, B, By-pass, Unified Credit, etc.) If a trust or similar arrangement meets the requirements of Section 9113(A), and: a. The trust or similar arrangement is listed in Schedule 0, and b. The value of the trust or similar arrangement is entered in Votlole or in part as an asset on Schedule 0, then the transferor's personal representative may specifically identify the trus1 (all or a fractional portion or percentage) to be included in the election to have such trust or sim- ilar property treated as a taxable transfer in this estete. If less than the entire value of the trust or similar property is included as a taxable transfer on Schedule 0, the personal representative shall be considered to have made the election only as to a fraction of the trust or similar arrangement. The numeretor of this frection is equal to the amount of the trust or similar arrangement included as a taxable asset on Schedule O. The denominator is equal to the total value of the trus1 or similar arrangement. PART A: Enter the description and value of all interests, both taxable and non-taxable, regardless of location, which pass to the decedent's surviving spouse under a Section 9113(A} trust or similar arrangement. Description VALUE Trust A, Credit Trust 6,076.00 Trust B, Marital Trust 79,637.86 Part A Total I $ 85,713.86 PART B: Enter the descri tion and value of all interests included in Part A for which the Section 9113 A election to tax is bein made. Description Value Trust A, Credit Trust 6,076.00 Trust B, Marital Trust 79,637.86 3W46E2 2 000 Part B Total I $ (If more space Is needed, Insert additional sheets of the same size) 85 713.86 ....... I . __, I;;. YJ""\I.....:::J OC YYUUU:::>IUt:. ATTORNEYS AT LAW HARRISBURG, PENNSYLVANIA 17110-0950 Last Win and T restam.rent OF BARBARA L. FREYSINGER I, BARBARA L. FREYSINGER, of Cumberland County, Pennsylvania, do make, publish and declare this to be my Last Will and Testament, hereby revoking all Wills and Codicils by me at any time made. ITEM I: I direct that all inheritance and estate taxes becoming due by reason of my death, whether payable by my estate or by any recipient of any property, shall be paid by the Executor out of the residue of my estate, as an expense and cost of administration of my estate. The Executor shall have no duty or obligation to obtain reimbursement for any such tax so paid, even though on proceeds of insurance or other property not passing under this Will. ITEM II: I direct the Executor to pay the expenses of my last illness and funeral expenses from the residue of my estate as an expense and cost of administration of my estate. ITEM III: If I die before my husband, MILLARD C. FREYSINGER, I give to him all of my household furniture and furnishings, books, pictures, jewelry, silverware, automobiles, wearing apparel and all other articles of household or personal use or adornment and all policies of insurance thereon. If I do not die before my husband, I make this gift to my children living at the time of my ,~ death, to be divided among them as they shall agree. Should there be no agreement, the Executor shall dlvide this property among them in as nearly equal portions as the Executor, in the sole discretion of the Executor, deems appropriate, having due regard to the personal preferences of my children. Page 1 I!' '~.., ~,0' ,." '> :" / .,~.. v ITEM IV: I give the residue of my estate, not disposed of in the preceding portions of this Will, to my husband, MILLARD C. FREYSINGER, as Trustee, IN TRUST, to be divided into two parts, each of which shall constitute separate trust funds to be known as "Trust A" and "Trust B." "Trust A": "Trust A" shall consist of a fraction of my residuary estate. The numerator shall be a sum equal to the largest amount that can pass free of Federal estate tax under my Will by reason of the applicable credit amount and the state death tax credit (provided . ~ that the use of this credit does not require an increase in state death taxes) allowable to my estate but no other credit and after taking account of dispositions under other items of this Will and property passing outside of this Will which do not qualify for the marital or charitable deduction and after taking account of charges to principal that are not allowed as deductions in computing my Federal estate tax. The denominator shall be the value of my residuary estate. For purposes of establishing this fraction, the values finally fixed in the Federal estate tax proceeding relating to my estate shall be used. I recognize that the numerator of this fraction may be zero (0), in which case no property shall pass to "Trust A." I also recognize that the numerator may be affected by the action of the Executor in exercising certain tax elections. "Trust B": "Trust B" shall consist of the balance of my residuary estate not placed in "Trust A." ITEM V: The following provisions shall apply to "Trust A": , . (a) The Trustee shall pay the net income arising from the principal of this Trust in convenient, at least annual, installments to my . husband, MILLARD C. FREYSINGER, during his lifetime. (a) During the lifetime of my husband, the Trustee shall pay to or for the benefit of my husband so much of the principal of this Trust as may be necessary, in the sole discretion of the Trustee, for the proper support, maintenance and medical care of my husband. (c) Upon the death of my husband, the Trustee shall divide the principal and any accretions thereto and any accumulations of income into as many equal parts as there are the then following listed children of mine who are then living or if then deceased, are represented" \ by then living issue. The Trustee shall distribute one such share to each' of such then living children, and shall hold one such share as a separate Trust for the benefit of the issue of each such then deceased child, per stirpes: PATRICIA L. FREYSINGER LAURA L. FREYSINGER DAVID S. FREYSINGER ALAN J. FREYSINGER VALERIA J. FREYSINGER MARY C. FREYSINGER (d) In each Trust established for the benefit of the issue of a deceased child of mine, the Trustee shall quarterly pay the net income to or for the benefit of the issue of my deceased child, per stirpes, living at each time of quarterly distribution. As soon as any issue of my deceased child attains the age of twenty-one (21) years, and in no event Page 3 j, ;:Cit:: ,. ,'- , later than twenty (20) years following the death of the survivor of my husband and me, the Trustee shall distribute the remaining pdncipal to the then living issue of my deceased child, per stirpes. (e) If at any time before final distribution of the assets of any of the Trusts established for issue of deceased children, there are no living beneficiaries of said Trust, the Trust shall terminate, and its assets shall be distributed to my other children if then living, or if a child is not then living to such child's then living issue, per stirpes. The share payable to the issue of deceased children hereunder shall continue to be held in trust for the benefit of said issue in accordance with the provisions of subparagraph (d), provided, that if any of the Trusts herein created for the benefit of issue of deceased children have been terminated by the payment of its principal to its beneficiaries, the beneficiaries who received paYment of the principal of that Trust shall , collectively be considered an "existent Trust" for the purposes of this paragraph, and one equal share shall be paid directly to such beneficiaries in the same proportion by which they received the principal of the Trust, or, if any such beneficiary is deceased, to the issue of such beneficiary, per stirpes. .\ ITEM VI: The following provisions shall apply to "Trust B": (a) Trustee shall, beginning at my death, pay over the net income in convenient, at least annual, installments to my husband, MILLARD C. FREYSINGER, during his lifetime. (b) The Trustee shall also, from time to time, pay to my husband so much of the principal of this Trust as the Trustee deems Page 4 I?JJ., F- . . necessary for the proper support, maintenance and medical care of my husband. (c) Upon the death of my husband, the Trustee shall pay all accrued income and all income accumulated but undistributed to the estate of my deceased husband. The Trustee shall thereafter transfer the principal of this Trust to "Trust A" to be held, administered and distributed in accordance with the provisions of ITEM V of this Will. (d) If my husband should not survive me, the provisions of "Trust B" shall be void. The part of my estate which would have constituted "Trust B" shall be added to "Trust A" to be disposed of in accordance with ITEM V of this Will. . ~ (e) The Executor is authorized in the Executor's exclusive and unrestricted discretion to determine whether to elect (under Section 2056(b)(7) of the Internal Revenue Code of 1986 as amended, or any corresponding provision of the Federal estate law), to qualify all, none or a fraction of "Trust B" for the Federal estate tax marital deduction. The Executor's decision with respect to this election shall be binding upon all persons. Only property which is fully eligible for the marital deduction under Federal estate tax law shall be assigned to this Trust. Notwithstanding anything to the contrary contained in this Will, the Trustee shall not retain or invest in any property which is or becomes unproductive. Notwithstanding the provisions of subparagraph (c) of this Item, the Trustee shall promptly pay to the Executor of my husband's estate, out of the principal of this Trust upon the death of my husband, an amount equal to the estate, inheritance, transfer, succession and other death taxes ("death taxes"), Federal, state and other, payable by reason of the inclusion of the value of Trust property Page 5 ;II ,Lr in my husband's estate. This paYment shall equal the amount by which (1) the total of the death taxes paid by my husband's estate exceeds (2) the total of the death taxes which would have been payable if the value of the Trust property had not been included in his estate. My husband's Executor shall determine the amount payable, and the determination shall be final. The determination of the amount due shall be based upon values as finally determined for Federal estate tax purposes in my husband's estate. Mter payment of the amount determined to be due hereunder, the Trustee shall be discharged from any further liability with respect to paYment. My husband may waive his estate's right to payment under this subparagraph by Will, executed after my death, in which he specifically refers to this right. 0, ITEM VII: No part of the inco.me or principal of any Trust created by this Will shall be subject to attachment, levy or seizure by any creditor, Spouse, assignee or trustee or receiver in bankruptcy of any beneficiary prior to his or her actual receipt of income or principal distributed. The Trustee shall pay the net income and the principal to the beneficiaries specified by me, as their interests may appear, without regard to any attempted anticipation, pledging or assignment, and without regard to any claim or attempted levy, attachment, seizure or other process against the beneficiary. ITEM VIII: The Executor and the Trustee shall each possess the following powers, each of which may be exercised without court approval and in a fiduciary capacity only: (a) To retain any investments I have at my death, including specifically those consisting of stock of any bank even if I have named that bank as the Executor or Trustee. Page 6 I~A r= , . . (b) To vary investments, and to invest in bonds, stocks, notes, real estate mortgages or other securities or in other property, real or personal, without being restricted to so-called "legal investments," and without being limited by any statute or rule of law regarding investments by fiduciaries. (c) In order to divide the principal of a Trust or for any other purpose, including final distributions, the Executor and Trustee are authorized to divide and distribute personal property and real property, partly or wholly in kind, and to allocate specific assets among beneficiaries and Trusts so long as the total market value of each share is not affected by the division, distribution or allocation in kind. The Executor and Trustee are each authorized to make, join in and consummate partitions oflands, voluntarily or involuntarily, including giving of mutual deeds, or other obligations, with as wide powers as an individual owner in fee simple. (d) To sell either at public or private sale real and personal property severally or in conjunction with other persons, and to consummate sale(s) by deed(s) or other instrument(s) to the purchaser(s), conveying a fee simple title. No purchaser shall be obligated to see to the application of the purchase money or to make inquiry into the validity of any sale(s). The Executor and Trustee are authorized to execute, acknowledge and deliver deeds, assignments, options or other writings as necessary or convenient to any of the power conferred upon the Executor and Trustee. . (e) To mortgage real estate, and to make leases of real estate. Page 7 .10 !.- F , . (D To borrow money from any person, including the Executor or Trustee, to pay indebtedness of mine or of my estate, expenses of administration or inheritance, legacy, estate and other taxes, and to assign and pledge assets of my estate or any Trust established by this Will. This paragraph shall not be construed to authorize borrowing from "Trust B." (g) To pay all costs, taxes, expenses and charges in connection with the administration of my estate or any Trust established under this Will. If any death taxes are payable with respect to my estate, these taxes shall be paid from "Trust A. " (h) To make distributions of income and of principal to the proper beneficiaries, during the administration of my estate, with or without court order, in such manner and in such amounts as the Executor deems prudent and appropriate. (i) To vote shares of stock which form a part of my estate or any Trust established under this Will, and to exercise all the powers incident to the ownership of stock. (j) To unite with other owners of property similar to property in my estate to carry out plans for the reorganization of any company whose securities form a part of my estate. (k) To disclaim any interest in property which would devolve to me or my estate by whatever means, including but not limited to the following means: as beneficiary under a will, as an appointee under the exercise of a power of appointment, as a person entitled to take by intestacy, as a donee of an inter vivos transfer, and as a donee under a third-party beneficiary contract. Page 8 /] I> I:: , (1) To prepare, execute and file tax returns of any type required by applicable law, and to make all tax elections authorized by law. (m) To employ custodians of property, investment or business advisors, accountants and attorneys as the Executor or Trustee deems appropriate, and to compensate these persons from assets of my estate or trust, without affecting the compensation to which the Executor and Trustee are entitled. (n) To divide any Trust created in this Will into two or more separate Trusts so that inclusion ratio for purposes of the generation-skipping transfer tax shall be either zero or one, in order that an election under Section 2652(a)(3) of the Internal Revenue Code may be made with respect to one of the separate Trusts, or for any other reason. " (0) To allocate administrative expenses to income or to principal, as the Executor or Trustee deems appropriate. However, no allocation to income shall be made if the effect of the allocation is to cause a reduction in the amount of any estate tax marital deduction or estate tax charitable deduction. (p) To do all other acts in their judgment necessary or desirable for the proper and advantageous management, investment and distribution of the estate and Trusts established under this Will. ITEM IX: The Trustee is authorized to distribute principal and/or income in anyone or more of the following ways if the Trustee, in the sole discretion of the Trustee, considers the beneficiary unable to apply Page 9 13 -I, F distributions to the beneficiary's own best interests, or if the beneficiary is under a legal disability: (a) Directly to the beneficiary; (b) To the Trustee, or to another person selected by the Trustee, as custodian under the Pennsylvania Uniform Transfers to Minors Act as to a beneficiary under the age of twenty-one (21) years; (c) To a relative of the beneficiary, to be expended by that relative for the benefit of the beneficiary; or (d) By directly applying distributions for the benefit of the beneficiary. This power shall not apply to any distribution to my spouse from any trust which has qualified for the marital deduction in my estate. ITEM X: Any person who has died within thirty (30) days of my death shall be deemed to have predeceased me. ITEM XI: I appoint my husband, MILLARD C. FREYSINGER, to be the Executor. In the event of his death, inability or refusal to serve as Executor or Trustee, I appoint my daughters, PATRICIA L. FREYSINGER and VALERIA J. FREYSINGER, to be the Executors and Trustees. The Executor and Trustee are specifically relieved from the duty of filing bond or enterIng securIty. Page 10 ') ,- 1J':..)l~ ~. i ~ ~, Will and Testament, consisting of this and the preceding ten (10) pages, at the end of ~ach ~age ~f Wh~Ch ~_h~~t~lso set my inir,~als f~r greater security and better IdentIficatIOn thIS Z{ day ofU""'..-vLLI _ , 2004. (j d \; /J ' 11)./.... 1 .' '. :' ~ /I..'c.. ',,',,- 1>'1"'. '--r_. A.:;:'.\.-, ." BARBARA L. FREYSI 'trE'tt--" IN WITNESS WHEREOF, I have set my hand and seal to this, my Last (SEAL) We, the undersigned, hereby certify that the foregoing Will was signed, sealed, published and declared by the above-named Testatrix as and for her Last Will and Testament, in the presence of us, who, at her request and in her presence and in the presence of each other, have hereunto set our hands and seals the day and ye~r " first above written, and we certify that at the time of the execution thereof, the said Testatrix was of soun~and d~sposing mind and memory. J') , i' /;' /),j Jf\ 0'/1;;,.. .-' .\ 1- j.U. '''''''/ :...l r .;.l . 1.(,:'~\..,--t......( r, r I vCL.....'l.;..{SEAL) Residing at Zi/ ,') .c:..../) . 'V'. I f: r-\ ;7 (2i. ~ j , P /J I!\;' :-1 J'l i' " () / ;/ J? --/. Lf.J,../L-t~~',,1 P c'-c.,v' , ~ c:' t, c, if 'i . ?" 1/;. ,j'- / , I' ~ ' ih:.t.Ui/uf/ ~~-1 ~ (SEAL) Residing at l:s s ? :PO-~'!Lm /-tw, Po;:; / / /" I' / r 1-4 I !1'-' l] rV '2- ILL ) rV4.l1L{'\;\...~,,- ~ "" Jf fl.:2...y -~fgm) I' U !) , .. v ., I C,,'\ 'r\ (' \ \" y'l (), J { (it,l --- \ ( (/ l'2 '1... \) t~ Cia Residing at 403067vl Estate Valuation Date of Death: 12/30/2006 Valuation Date: 12/30/2006 Processing Date: 09/21/2007 Estate of: Freysinger.Barbara.estate Account: 13932-0001 Report Type: Date of Death Number of Securities: 1 File ID: Freysinger.Barbara.estate Shares or Par Security Description High/ASk Low/Bid Mean and/or Div and Int Security Adjustments Accruals Value 1) 128 PPL CORP (69351T106) COM New York Stock Exchange 12/29/2006 01/03/2007 36.06000 36.66000 35.75000 H/L 35.97000 H/L Div: 0.275 Ex: 12/06/2006 Rec: 12/08/2006 Pay: 01/01/2007 36.110000 4,622.08 35.20 Total Value Total Accrual Total $4,657.28 $4,622.08 $35.20 Page 1 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. 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