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HomeMy WebLinkAbout10-12-07 --.J 15056041114 REV -1500 EX (06-05) INHERITANCE TAX RETURN RESIDENT DECEDENT OFFICIAL USE ONLY County Code Year rl ( ~601 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 I?J Date of Birth 202-20-5447 12292006 02141924 Decedent's Last Name Suffix Decedent's First Name MI JAKUBOWSKI (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix JANET M Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW W 1. Original Return D D 4. Limited Estate D 2. Supplemental Return D D 1 3. Remainder Retum (date of death priorto 12-13-82) 5. Federal Estate Tax Return Required W 6. Decedent Died Testate D (Attach Copy of Will) D 9. Litigation Proceeds Received D 4a. Future Interest Compromise (date of death after 12-12-82) 7. Decedent Maintained a Living Trust (Attach Copy of Trust) 10. Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) 8. Total Number of Safe Deposit Boxes D 11. Election to tax under Sec. 9113(A) (Attach Sch. 0) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number ROBERT M. FREY Firm Name (If Applicable) 717-243-5838 i"..,) FREY AND TILEY First line of address -: i'tl 5 SOUTH HANOVER STREET Second line of address -' ........'., N C') :';'1 \:J City or Post Office State ZIP Code w CARLISLE PA 17013 /g DRI E, CARLISLE, 17013 SIGNATURE OF PR~~A~RE~T~ ADDRESS 5 SOUTH HANOVER STREET, CARLISLE, PENNSYLVANIA 17013 PLEASE USE ORIGINAL FORM ONLY (!}J Side 1 L 15056041114 15056041114 --.J ~ ~ 15056042115 REV-1500 EX Decedent's Name: JANET M JAKUBOWSKI RECAPITULATION 1. Real estate (Schedule A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. Stocks and Bonds (Schedule B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) . . . . . 4. Mortgages & Notes Receivable (Schedule D) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) . . . . . . . . 6. Jointly Owned Property (Schedule F) DSeparate Billing Requested. . . . . . . . 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) DSeparate Billing Requested. . . . . . . . 8. Total Gross Assets (total Lines 1-7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 202-20-5447 Decedent's Social Security Number 1. 2. NONE 3. NONE 4. NONE 5. 6. NONE 7. NONE 8. 9. 121562.00 9628.00 131190.00 14799.00 9. Funeral Expenses & Administrative Costs (Schedule H) . . . . . . . . . . . . . . . . . . . , 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) . . . . . . . . . . . . . . . 10. 11. Total Deductions (total Lines 9 & 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. 12. Net Value of Estate (Line 8 minus Line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J) . . . . . . . . . . . . . . . . . . . . . .. 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) . . . . . . . . . . . . . . . . . . . . . .. 14. TAX COMPUTATION - SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) X.O ~ 16. Amount of Line 14 taxable at lineal rate X .0 ~ 17. Amount of Line 14 taxable at sibling rate X . 12 18. Amount of Line 14 taxable at collateral rate X . 15 105456. 00 16. 19. TAX DUE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 L 15056042115 15. 17. 18. 15056042115 10935.00 25734.00 105456.00 0.00 105456.00 0.00 4746.00 0.00 0.00 4746.00 D ~ REV-1500 EX Page 3 202-20-5447 Decedent's Complete Address: File Number 21-07-0013 DECEDENTS NAME DECEDENTS SOCIAL SECURITY NUMBER JANET M JAKUBOWSKI 202-20-5447 STREET ADDRESS CITY II STATE I ZIP CARLISLE PA 17015 Tax Payments and Credits: 1. Tax Due (Page 2 line 19) 2. Credits/Payments A. Spousal Poverty Credit 8. Prior Payments C. Discount (1 ) 4746.00 4446.00 234.00 3. InteresVPenalty if applicable D. Interest E. Penalty Total Credits ( A + 8 + C ) (2) 4680.00 TotallnteresVPenalty ( D + E ) (3) 4. If line 2 is greater than line 1 + line 3. enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. (4) 0.00 0.00 5. If line 1 + line 3 is greater than line 2. enter the difference. This is the TAX DUE. (5) 66.00 A. Enter the interest on the tax due. (SA) 66.23 B. Enter the total of line 5 + SA. This is the BALANCE DUE. (58) Make Check Payable to: REGISTER OF WILLS, AGENT 0.23 PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS No o o o o o o 4. Did decedent own an Individual Retirement Account, annuity. or other non-probate property which contains a beneficiary designation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . " 0 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: Yes a. retain the use or income of the property transferred; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 b. retain the right to designate who shall use the property transferred or its income; . . . . . . . . . . . . . . " 0 o o o o 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? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? . . For dates of death on or atter 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)J. The statute does not exemDt 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. 217 REV-1502 EX+ (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE A REAL ESTATE ESTATE OF FILE NUMBER Janet M Jakubowski 21-07-0013 All real property owned solely or as a tenant In common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which Is jolntly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1. DESCRIPTION Real Estate, 330 Crane's Gap Road, N. Middleton Township VALUE AT DATE OF DEATH 121,562 TOTAL (Also enter on line 1, Recapitulation) (If more space is needed, insert additional sheets of the same size) $ 121.562 A. Settlement Statement . U.S. Department of Housil!g and Urban'Development B. Tvoe of Loan OMS Aooroval No. 2502-0265 (expires 11(3012009) 1. OFHA 2. OFmHA 3. 81Conv. Unins. I 6. File Number . I 7. Loan Number I 8. Mortgage Insurance Case Number 4. 'OVA 5. nConY.lns. 07.25865SFPWB C. Note: 'RlI OlIn 's urn,...... '" !live you a ..a.amlll1l 01 a",ua, HllIemem .....1. ^mouru pa n aoenl ere snown. I TiUeExpress SetUemenl System lIems marked 1p.o.C.r _e paid ou\side the doling; they .,. lIIown h_ for informanon purpo... and .,. nollnCluded.1n the lolals. :=:'G~~~ :.:==:=~ F.~~=:.n.ls~~~~II~n~:~~~~I~~ r~~a~,"'::S::~~'l~~nel\ie. upon Prinled 09121/2007 al11 :42 PWB D. NAME OF BORROWER: JOEL D. RAMP and JOSEPH L RAMP and CAROL A. RAMP ADDRESS: 7800 Wertzville Road. Carlisle. PA 17013 E. NAME OF SELLER: EST ATE OF JANET M. JAKUBOWSKI AlKlA JANET MAE JAKUBOWSKI ADDRESS: 330 CRANE'S GAP ROAD. CARLISLE. PA 17013 F. NAME OF LENDER: Pennsylvania State Bank, a division of BLC Bank, N.A. ADDRESS: 2141J Market Street CamD Hill PA 17001 G. PROPERTY ADDRESS: 330 CRANE'S GAP ROAD, CARLISLE, PA 17013 .' North Middleton TownshlD H. SETTLEMENT AGENT: Sterling Financial Settlement Services, 1097 Commercial Ave E Petersburg PA 17520 PLACE OF SETTLEMENT: Pennsvlvania State Bank. 1 NlJrth Hanover Street Carlisle PA 17013 I. SETTLEMENT DATE: 09/2412007 J. SUMMARY OF BORROWER'STRANSACTION: . K. SUMMARY OF SELLER'S TRANSACTION: 100. GROSS AMOUNT DUE FROM BORROWER 400. GROSS AMOUNT DUE TO SELLER 101. Contract sales Dfice 120.000.00 401. Conlract sales Drice 120000.00 102. Personal Prooerty 402. Personal ProDertv '- 103. Settlement charaes to borrower Cline 1400\ 3.161.75 403. 104. 404. 105. 405. . , Adiusiments for items Dald bv seller In advance Adiustments for items Daid by seller in advance 106. Cilvltown laxes 091241071012/31/07 62.09 406. Citv/lown taxes 091241071012/31107 62.09 107. County taxes 091241071012/31/07 93.21 407. County taxes 09/24107 to 12/31107 93.21 108. School Taxes 091241071006130/08 1.406.12 408. School Taxes 09/24107 to 06130108 1 406.12 109. 409. 110. 410. 111. . 411. 112. 412. 120. GROSS AMOUNT DUE FROM BORROWER 124.723.17 420. GROSS AMOUNT DUE TO SELLER 121 561.42 200. AMOUNTS PAID BY OR ON BEHALF OF BORROWER 500. REDUCTIONS IN AMOUNT DUE TO SELLER 201. Deoosil Of earnesl money 1.000.00 501. Excess Deoosit (see instruclions) 202. Princioal amounl of new loans 90.000.00 502. SelUement chames 10 seller ()jne 1400) 10890.14 203. Existina Ioan(sllaken subiecllo 503. Exislinn loanls\ taken subieclto 204. 504. Payoff of First Mortoaoe Loan 205. Anolication Fee Credit 505. 206. 506. 207. 507. 208. 508. 209. 509. Adiustments for items unDaid bv seller Adiustments for Items unoaid bv seller 213. 513. 214. 514. 215. 515. . 216. 516. 217. 517. 218. 518. 219. 519. 220. TOTAL PAID BYIFOR BORROWER 91 000.00 520. TOTAL REDUCTION AMOUNT DUE SELLER 10.890.14 300. CASH AT SETTLEMENT FROM OR TO BORROWER 600. CASH AT SETTLEMENT TO OR FROM SELLER 301. Gross amounl due from borrower (line 120\ 124 723.17 601. Gross amounl due 10 seller (line 420) 121561.42 302. Less amounts Daid bYlfor borrower !line 220\ 91 000.00 602. Less reduction amount due seller ()jne 520) 10.890.14 303. CASH FROM BORROWER 33 723.17 603. CASH TO SELLER 110.671.28 ~.._-._- ,#/ l:z~ .~ ~p'~r . (JM~, ~nLituw ~~' . ~ ~ 217 REV-1508 EX+ (6-98) SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Janet M Jakubowski FILE NUMBER 21-07-0013 Include the proceeds of litigation and the date the proceeds were received by the estate. All Drooertv iointlv-owned with riaht of survivorshio must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION 1. 1990 Dodge Sedan 2. Miscellaneous Household Contents 3. Citizens Bank, Account #6140174503 4. Iron Workers District Council of Philadelphia and Vicinity-Retirement and Pension Plan VALUE AT DATE OF DEATH 1,000 400 7,633 595 TOTAL (Also enter on line 5, Recapitulation) $ (If more space is needed. insert additional sheets of the same size) 9,628 ~~ Citizens Bank 2001 Market Street Suite 600 Philadelphia, PA 19103 Dear Robert M. Frey: Reference Acct # 6140174503: A. Balance of$7,362.76 upon date of death on 12/29/06 B. Joseph Jakubowski was joint on the account which provides him w/right of survivorship. C. The account was established June 9th, 1971 All information furnished is for the Estate of Janet Mae Jakubowski w/Social Security # 202-20-5447. Any questions please feel free to contact me @ (717) 243-5311. Sincerely, a~ 7-. Z~ Jared L. Keiter Asst Manager aRBS SEAlES 1000 TO THE ORDER OF dl1.EDAl IRON WORKERS DISTRICT COUNCIL QFPtilL.J\DELpHIA AND VICINITY -RETIREMENT,ANDPENSIONPLAN 6401 CASTOR AVE. PHilADELPHIA, PA19149 No. I" Void ifr10t Pr~sentedWithinNjoety Days from Date. soc. SEC. NO. . . /jl. . . 1 ;;T1E I 07 JAKuBOUSKl,JANET MAE 330,CRAINS GAP ROAD CARLlSLE FA 17013 AMOUNT $595.00 t:....~ITlzE~S^BANK 1110 ~ 5 E1 b 7 7111 1:0:' bO 7 b ~ 501:....:, 20 2 2._~ ~ ~ 7 bll" , 'f\' . . .'" ~. ......';....~."-';....z;..;..._...~,~..'., . - _._- 15967.1, 3-7615 360 217 REV-1511 EX + (12-99) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Janet M Jakubowski 21-07-00013 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. 4,786 B. ADMINISTRATIVE COSTS: 1. 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. Attomey Fees 6,200 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Joseph Jakubowski Street Address 16 Heather Drive City Carlisle State P A Zip 17013 Relationship of Claimant to Decedent Son 3,500 4. Probate Fees 298 5. Accountant's Fees 6. Tax Retum Preparer's Fees 7. Register of Wills, Filing Fee 15 TOTAL (Also enter on line 9. Recaoitulation) $ 14.799 (If more space is needed, insert additional sheets of the same size) REV-1512 EX+ (1k-03) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RE 10 NT DE EDENT ESTATE OF FILE NUMBER Janet M Jakubowski 21-07-0013 Report debts Incurred by the decedent prior to death which remained unpaid as of the date of death, Including unrelmbursed medical expenses. VALUE AT DATE OF DEATH SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS ITEM NUMBER DESCRIPTION 1. Vital Records, Certified Death Certificates 45 2. Expenses of Sale of Real Estate 10,890 TOTAL (Also enter on line 10, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 10,935 217 REV-1513 EX+ (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES Janet M Jakubowski FILE NUMBER 21-07-0013 ESTATE OF RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I. TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] 1 Joseph Jakubowski Son 1/3 of residue of the Estate 16 Heather Drive, Carlisle, Pennsylvania 17013 2 Jeffrey C. Jakubowski Son 1/3 of residue of the Estate 309 Chestnut Street, Mt. Holly Springs, Pennsylvania 17065 3. Jason L. Jakubowski Grandson 1/3 of residue of the Estate 309 Chestnut Street, Mt. Holly Springs, Pennsylvania 17065 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 TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV.1500 COVER SHEET $ 0 (If more space is needed, insert additional sheets of the same size) '1 ~ r--" , -:l. \. '\ '. -_.~ ". ~ ) ~ h~ ~., LAST WILL AND TEST AMENT OF JANET MAE JAKUBOWSKI I, JANET MAE JAKUBOWSKI, of North Middleton Township (mailing address: 330 Crain's Gap Road, Carlisle, Pennsylvania 17013), Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby make, publish and declare this as and for my Last Will and Testament, hereby revoking and making void any and all Wills by me at any time heretofore made. 1. I direct my hereinafter named Executor to pay all of my just debts and funeral expenses as soon after my death as may be found convenient to do so. 2. All of the rest, residue, and remainder of my estate, real, personal and mixed, and wheresoever the same may be situate, I give, devise and bequeath to my husband, Joseph Jakubowski, his heirs and assigns, to the exclusion of my children, born and unborn, provided my said husband, Joseph Jakubowski, shall survive me by a period of ninety (90) days. 3. Should my said husband, Joseph Jakubowski, predecease me or fail to survive me by the aforesaid period of ninety (90) days, then in such event all of the rest, residue and remainder of my estate, real, personal, and mixed, and wheresoever the same may be situate, I give, devise and bequeath as follows: a) One-third (1/3) to my son, Joseph Jakubowski, Jr., his heirs and assigns, provided he shall survive me by a period of ninety (90) days, but should he fail to so survive me then to such of his issue as shall survive me by a period of ninety (90) days, their heirs and assigns, per stirpes. At the present time my son, Joseph Jakubowski, Jr., is the father of one (1) child who is Sommer Deanne Heffelfinger, born March 21,1978. b) One-third (113) to my son, Jeffrey Chris Jakubowski, his heirs and assigns, provided he shall survive me by a period of ninety (90) days, but should he fail to so survive me then to such of his issue as shall survive me by a period of ninety (90) days, their heirs and assigns, per stirpes. At the present time my son, Jeffrey Chris Jakubowski, is the father of one (1) child who is Jeffrey Chris Jakubowski, Jr., who was born February 2, 1985. c) One-third (113) to my grandson, Jason Lee Jakubowski, who was born October 18, 1978, his heirs and assigns, provided he shall survive me by a period of ninety (90) days, but should he fail to so survive me then to such of his issue as shall survive me by a period of ninety (90) days, per stirpes. ' d) Should any of the above-named three (3) persons fail to survive me by a period of ninety (90) days and leave no issue surviving such deceased person who shall survive me by a period of ninety (90) days, then in such event the share which such deceased person would have received shall lapse and be added to the remaining shares, per stirpes. 4. Should any person less than 21 years of age be entitled to distribution from my estate, in such event I nominate, constitute and appoint Commonwealth National Bank and its successors, One North Hanover Street, Carlisle, Pennsylvania, as Guardian of the estate of each such person, and authorize and direct it to receive and to invest the same, and to pay the income arising therefrom together with so much of the principal thereof as in its opinion is necessary or desirable to be expended for the proper maintenance, support and education of such person, to or for the benefit of such person, and upon such person attaining 21 years of age to pay to him or her the then remaining principal together with any undistributed income. 5. I hereby nominate, constitute and appoint my husband, Joseph Jakubowski, as, Executor of this my Last Will and Testament but should he predecease me or fail to qualify or - cease serving as such, then in such event I nominate, constitute and appoint my two sons, Joseph Jakubowski, Jr., and Jeffrey Chris Jakubowski, or either of them, as alternate or successor Executors, and I funher direct that none of them shall be required to post any bond to secure the faithful performance of his duties in the Commonwealth of Pennsylvania or in any other jurisdiction. 6. In addition to the powers conferred by law, my Executors and Guardian of the estate of any person less than 21 years of age, are empowered to: a. To invest any part of the trust corpus in such securities, investments, or other propeny as may be deemed advisable and proper, irrespective of whether the same are authorized for the investment of trust funds under the laws of any governing jurisdiction. Page 1 of 2 Pages b. With respect to any corporation, the stocks, bonds, or other securities of which may be held, to vote in person or by proxy on any shares of stock; to consent to the merger, consolidation or reorganization of such corporations; to consent to the leasing, mortgaging or sale of the property of any such corporations; to make any surrender, exchange or substitution of such stocks, bonds or other securities as an incident to the merger, consolidation or reorganization of such corporations; to pay all assessments, subscriptions and other sums of money which may be deemed wise and expedient for the protection and maintenance of the proportionate interest of the investment in such corporations; to exercise any option or privilege which may be conferred upon the holders of such stocks, bonds, or other securities of such corporations either for the conversion of the same into other securities or for the purchase of additional securities, and to make any and all necessary payments which may be required in connection therewith; and generally to have and exercise as to all such stocks, bonds and other securities, the powers of an individual owner who is under trust obligation. c. To hold the trust corpus in one or more consolidated funds in which separate shares shall have undivided interests. . d. To sell at public or private sale for cash or upon credit, or partly for cash and partly on credit, and upon such tenns and conditions as shall be deemed proper, any part or parts of the trust estate, and no purchaser at any such sale shall be bound to inquire into the expediency or propriety of any such sale or to see to the application of the purchase moneys arising therefrom. e. To keep on hand and uninvested such money as may be deemed proper and for such period as may be found expedient f. To compromise, settle or arbitrate any claim or demand in favor of or against ~e trust estate. g. And authorized in the discharge of fiduciary duties, to employ counsel and to determine and to pay such counsel reasonable compensation which shall be charged against the principal or income of the trust fund, and shall further be entitled to charge against the principal or income such other reasonable expenses and charges as may be necessary and proper to incur for the proper discharge of fiduciary duties and for the proper management and administration of the trust estate. h. In making any division of property into shares for the purpose of any distribution thereof directed by the provisions of the trust, to make such division or distribution, either in cash or in kind, or partly in cash and partly in kind, as shall be deemed most expedient, and in making any division or distribution in kind may allot any specific security or property or any undivided interest therein to anyone or more of such shares, and to that end may appraise any or all of the property so to be allotted and the judgment as to the propriety of such allotment and as to the relative value for purposes of distribution of the securities or property so allotted shall be final and conclusive upon all persons interested in the trust or in the division or distribution thereof. IN WITNESS WHEREOF, I have unto set my hand and seal to this my Last Will and Testament, written on two (2) pages, this 12th day of October, 1990. () ~~if ~.u.. ~ a},j~ (SEAL) r r," J et Ma ubowski Signed, sealed, published and declared by JANET MAE JAKUBOWSKI, the Testatrix above-named, as and for her Last Will and Testament, in our presence, who, in her presence, at her request, and in the presence of each other, have hereunto subscribed our names as attesting witnesses. p f&-t'- /r... ""' ( ~lIw;