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HomeMy WebLinkAbout11-21-07 -.J 15056041147 REV-1500 EX (06-05) PA Department of Revenue Bureau of Individual Taxes ~ PO BOX.280601 ~ Harrisburg, PA 17128-0601 ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death OFFICIAL USE ONLY County Code Year INHERITANCE TAX RETURN RESIDENT DECEDENT 2 1 0 7 File Number 0492 Date of Birth 198229115 02232007 03041909 Decedent's Last Name Suffix Decedent's First Name MI EGOLF HELEN S (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix 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 [!] 1. Original Return 0 o 4. Limited Estate 0 2. Supplemental Retum o o 3. Remainder Retum (date of death prior to 12-13-82) 5. Federal Estate Tax Return Required 4a. Future Interest Compromise (date of death after 12-12-82) 00 o 6. Decedent Oied Testate (Allach Copy of Will) 00 o 7 Decedent Maintained a Living Trust . (Allach Copy of Trust) 8. Total Number of Safe Deposit Boxes 9. Litigation Proceeds Received 10 Spousal Poverty Creditldate of death . between 12-31-~1 and 1-1-95) o 11. Election to tax under Sec. 9113(A) (Attach Sch. 0) ~ORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: ame Daytime Telephone Number JAY R. WAGNER ESQUIRE 6104782109 Firm Name (If Applicable) STEVENS & LEE REGISTER OF WILLS USE ONLY ", (::.:::> -C":, ~'-....J (") o : .::1 --,. ;~ ('J ,- f"" I:) ;.)" !'-" :::0 :.~i LI~ C)C-, I.; :I.J .. c-, ,'ii , C.J S C"J d .Ti :~~ ~ ;"_~ IT"! 0':> -) \::rl' First line of address 111 NORTH SIXTH STREET Second line of address READING State PA ZIP Code 19603-0679 C)O -0 DAr~L~b 3:: .'0 --I P City or Post Office w Correspondent's e-mail address:jrwa@stevenslee.com Under penalties of pe~ury, I declare that I have examined this return, inclUding accompanying schedules and statements, and to the best of my knowledge and belief it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. ' s~u:e OF.P/ON RESPONSIBLE FOR FILING RETURN DATE ~ ~ .J:J;l ~~ Carolyn S. Miller / I - / .3 --d 7 ADDRESS '9'l Green Spring Road, Newville, PA 17241 RE OF PREPARER OTHER THAN REPRESENTATIVE DATE Jay R. Wagner Esquire tf'- 111 North Sixth Street, Reading, PA 19603-0679 Side 1 L 15056041147 15056041147 -.J ~ --.J 15056042148 REV-1500 EX Decedenl'sName: Helen S. Egolf RECAPITULATION 1. Real Estate (Schedule A).......................................................................................... 1. 2. Stocks and Bonds (Schedule B)............................................................................... 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C).......... 3. 4. Mortgages & Notes Receivable (Schedule D).......................................................... 4. 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E)................ 5. 6. Jointly Owned Property (Schedule F) 0 Separate Billing Requested............. 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) 0 Separate Billing Requested............. 7. 8. Total Gross Assets (total Lines 1-7)....................................................................... 8. 9. Funeral Expenses & Administrative Costs (Schedule H)......................................... 9. 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I)................................ 10. 11. Total Deductions (total Lines 9 & 10)...................................................................... 11. 12. Net Value of Estate (Line 8 minus Line 11)............................................................. 12. 13. Charitable and Govemmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J)................................................. 13. 14. Net Value Subject to Tax (Line 12 minus Line 13)................................................. 14. TAX COMPUTATION - SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, of transfers under Sec. 9116 (a)(1.2)X ~ 16. Amount of Line 14 taxable at lineal rate X .045 17. Amount of Line 14 taxable at sibling rate X .12 18. Amount of Line 14 taxable at collateral rate X .15 0.00 15. 0.00 16. 0.00 17. 948,607.86 18. 19. Tax Due..................................................................................................................... 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. L Side 2 15056042148 Decedent's Social Security Number 198229115 4,000.00 3,401.35 9,577.06 979,791.20 996,769.61 44,487.90 3,673.85 48,161.75 948,607.86 948,607.86 0.00 0.00 0.00 142,291.18 142,291.18 o 15056042148 --.J REV-1500 EX Page 3 Decedent's Complete Address: File Number 21-07 -0492 DECEDENT'S NAME Helen S. Egolf STREET ADDRESS 210 Big Spring Road CITY I STATE riP Newville PA 17241 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1 ) 142,291.18 130,000.00 6,842.11 Total Credits (A + B + C) (2) 136,842.11 3. Interest/Penalty if applicable D. Interest E. Penalty Total Interest/Penalty (D + E) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 2 Line 20 to request a refund 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. A. Enter the interest on the tax due. B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (3) (4) (5) (5A) (58) 5,449.07 5,449.07 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOllOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS No o o [!] [!] o [!] 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?......... 0 [!] 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation?...................................................................................................................... 0 [!J IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. 1. Did decedent make a transfer and: a. retain the use or income of the property transferred;.................................................................................. b. retain the right to designate who shall use the property transferred or its income;.................................... c. retain a reversionary interest; or.................................................................................................................. d. receive the promise for life of either payments, benefits or care?.............................................................. 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ........... ......... .......... ........ ........................ ............ ......... .... .... ........................... Yes [!J [!J B For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. 99116 (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. 99116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. 99116 (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. 99116 1.2) [72 P.S. 99116 (a) (1 )]. The tax rate imposed on the net value of transfers to or for the use of the decedenfs siblings is twelve (12) percent [72 P.S. 99116 (a) (1.3)]. A sibling is defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. Rev-1503 EX+ (6-98) *' COMMONWEALTH OF PENNSYlVANIA NHERITANCETAXRETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS Egolf, Helen S. FILE NUMBER 21-07 -0492 ESTATE OF All property Jolntly-owned with right of survivorshIp must be dIsclosed on Schedule F. ITEM CUSIP VALUE AT DATE NUMBER NUMBER DESCRIPTION UNIT VALUE OF DEATH 1 8 - $500 Series HH U.S. Savings bonds dated March 4,000.00 1981 TOTAL (Also enter on Line 2, Recapitulation) 4,000.00 (If more space is needed. additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group. Inc. Form PA-1500 Schedule B (Rev. 6-98) Rev-1508 EX+ (6-98) *' SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT Egolf, Helen S. FILE NUMBER 21-07-0492 ESTATE OF Indude the proceeds of litigation and the date the proceeds were received by the estate. All properly JolnUy-owned with the right of survivorship must be disclosed on schedule F. ITEM NUMBER DESCRIPTION 1 Green Ridge Village - refund of nursing home expenses VALUE AT DATE OF DEATH 2,084.35 2 PA Dept. of Revenue - 2006 PA income tax refund 79.00 3 U.S. Treasury - 2006 federal income tax refund 1,238.00 TOTAL (Also enter on Line 5, Recapitulation) 3,401.35 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-98) Rev-1509 EX+ (6-98) . COMMONWEALTH OF PENNSYlVAN~ INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE F JOINTLY-OWNED PROPERTY Egolf, Helen S. FILE NUMBER 21-07 -0492 ESTATE OF If an asset was made Joint within one year of the decedenfs date of death, It must be reported on schedule G. SURVIVING JOINT TENANT(S) NAME A. Carolyn S. Miller ADDRESS 1 West Main Street Newville, PA 17241 RELATIONSHIP TO DECEDENT Niece B. C. JOINTLY OWNED PROPERTY: DESCRIPTION OF PROPERTY %OF DATE OF DEATH LETTER DATE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT DATE OF DEATH ITEM FOR JOINT MADE DECD'S VALUE OF NUMBER TENANT JOINT NUMBER OR SIMILAR IDENTIFYING NUMBER. ATTACH DEED FOR rv ALUE OF ASSET INTEREST DECEDENrSINTEREST JOiNTlY-HELD REAL ESTATE. 1 A 6/28/2002 Adams County National Bank certificate 14,437.85 50.000% 7,218.93 of deposit no. 160391 - balance at date of death ($14,000.00) plus accrued interest ($437.85) 2 A 6/28/2002 Adams County National Bank checking 4,716.26 50.000% 2,358.13 account no. 2017205 - balance at date of death ($4,715.21) plus accrued interest ($1.05) TOTAL (Also enter on Line 6, Recapitulation) 9,517.06 (If more space is needed. additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA.1500 Schedule F (Rev. 6-98) Rev-1510 EX+ (6-98) *' SCHEDULE G INTI:R-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT Egolf, Helen S. FILE NUMBER 21-07 -0492 ESTATE OF This schedule must be completed and filed W the answer to any of questions 1 through 4011 the reverse side of the REV-1500 COVER SHEET is yes. ITEM .....,. ' ....,' IT DATE OF DEATH % OF DECO'S EXCLUSION TAXABLE NUMBER INCLUDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE THE DATE OF TRANSFER ATTACH A COPY OF THE DEED FOR REAL ESTATE. Helen S. Egolf Revocable Trust under Agreement dated 7/8/2001 consisting of assets at decedent's date of death: 1 Adams County National Bank certificate of 266,071.70 266,071.70 deposit no. 165265 - balance at date of death ($259,608.47) plus accrued interest ($6,463.23) 2 Adams County National Bank money market 5,971.37 5,971.37 account no. 1596136 - balance at date of death ($5,963.85) plus accrued interest ($7.52) 3 Citizens Bank checking account no. 6204258110 27,005.36 27,005.36 - balance at date of death ($26,998.40) plus accrued interest ($6.96) 4 Citizens Bank money market account no. 226,808.00 226,808.00 6204258102 - balance at date of death ($226,686.90) plus accrued interest ($121.10) 5 Citizens Investment Services - uncashed check 202.91 202.91 at date of death 6 Citizens Investment Services account no. 439,078.33 439,078.33 L7C-208914 - valuation attached 7 M&T Bank certificate of deposit no. 10,036.16 10,036.16 31003911489936 - balance at date of death ($10,000.00) plus accrued interest ($36.16) Total of Continuation Schedule ee attached page TOTAL (Also enter on Line 7, Recapitulation) 979,791.20 (If more space is needed. additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group. Inc. Form PA.1500 Schedule G (Rev. 6-98) Rev.1510 EX+ (6.98) . SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY continued COM'>1ONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Egolf, Helen S. FILE NUMBER 21.(J7 -0492 ITEM DESCRIPTION OF PROPERTY DATE OF DEATH % OF DECO'S TAXABLE EXCLUSION NUMBER INCLUDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE THE DATE OF TRANSFER ATTACH A COPY OF THE DEED FOR REAL ESTATE. 8 M&T Bank savings account no. 15004204100115 4,617.37 4,617.37 - balance at date of death ($4,616.80) plus accrued interest ($0.57) TOTAL (Also enter on Line 7, Recapitulation) 979,791.20 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA.1500 Schedule G (Rev. 6-98) REV-1151 EX+ (12-99) *' SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Egolf, Helen S. Debts of decedent must be reported on Schedule I. FILE NUMBER 21-07 -0492 ITEM NUMBER A. FUNERAL EXPENSES: DESCRIPTION AMOUNT See continuation schedule(s) attached 6,053.00 1. ADMINISTRATIVE COSTS: Personal Representative's Commissions B. Carolyn S. Miller Street Address 735 Green Spring Road City Newville State Year(s) Commission paid 2007 PA Zip 17241 10,000.00 2. Attorney's Fees Stevens & Lee 28,000.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City Relationship of Claimant to Decedent State Zip 4. Probate Fees 87.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs See continuation schedule(s) attached 347.90 TOTAL (Also enter on line 9, Recapitulation) 44,487.90 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA.1500 Schedule H (Rev. 6-98) Rev-1502 EX+ (6-98) SCHEDULE H-A FUNERAL EXPENSES continued COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT Egolf, Helen S. FILE NUMBER 21-07 -0492 ESTATE OF ITEM NUMBER DESCRIPTION AMOUNT 1 Centre County Memorial Park - interment expense 1,375.00 2 Ewing Brothers Funeral Home, Inc. - funeral expenses 4,678.00 Subtotal 6,053.00 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA.1500 Schedule H-A(Rev. 6-98) Rev-1502 EX + (6-98) SCHEDULE H-B7 OTHER ADMINISTRATIVE COSTS continued COM\.1ONWEALTH OF PENNSYlVANIA INHERrrANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Egolf, Helen S. FILE NUMBER 21-07 -0492 ITEM NUMBER DESCRIPTION AMOUNT 1 Citizens Bank - check order fee 14.26 2 Cumberland County Law Journal - advertise executor's appointment 75.00 3 Stevens & Lee - computer user fee 150.00 4 The Sentinel - advertise appointment of executor 108.64 Subtotal 347.90 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA.1500 Schedule H-B7 (Rev. 6-98) Rev-1512 EJ(+ (6-98) . SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS COMMONWEALTH OF PENNSYlVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Egolf, Helen S. FILE NUMBER 21-07 -0492 Include unrelmbursed medical expenses. ITEM NUMBER DESCRIPTION 1 Continuing Care Rx - prescription expense VALUE AT DATE OF DEATH 184.53 2 Howard's Accounting - preparation of 2006 individual income tax returns 400.00 3 PHI - nursing home expenses 1,188.40 4 Pinker & Associates - medical expense 36.78 5 Stevens & Lee - lifetime services rendered 1,864.14 TOTAL (Also enter on Line 10, Recapitulation) 3,673.85 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule I (Rev. 6-98) SCHEDULE .. BENEFICIARIES (Part I, Taxable Distributions) ESTATE OF: Helen S. Egolf 198-22-9115 02/23/2007 Item Name and Address of Person{s) Share of Estate Amount of Estate Number Receiving Property Relationship (Words) ($$$) 1 Amelia Egolf Bull Niece 1/12th of residue 78,252.57 223 N. Morgan Avenue Wheaton, IL 60187 2 Joanne S. Ginter Niece 1/12th of residue 78,252.57 119 Keats Place Cherry Hill, NJ 08003 3 Carolyn S. Miller Niece Joint assets per 557,345.01 735 Green Spring Road Schedule F; 7/12th Newville, PA 17241 of residue 4 Louise S. Mortensen Niece 1/12th of residue 78,252.57 P.O. Box 33 Newville, PA 17241 5 Ann Gellings Peterson Niece 1/12th of residue 78,252.57 N6185 W. Hazel Drive Shawano, WI 54166 6 Ray S. Swartz Nephew 1/12th of residue 78,252.57 12 Parsonage Street Newville, PA 17241 Total 948,607.86 1 WILL I, HELEN S. EGOLF, of Holidaysburg, Blair County, Pennsylvania, declare this to be my last will and revoke all wills and codicils that I have previously executed. 1. Disposition of Tancible Personal Property. I give all tangible personal property that I own at my death, and all proceeds of insurance that pertain to my tangible personal property, to my niece CAROL YN S. MILLER, if she survIves me. 2. Payment of Death Taxes. Except for any generation-skipping transfer tax, all inheritance, estate and other death taxes that are payable as a result of my death with respect to property passing under this Will, and any interest and penalties with respect to those taxes, shall be paid from my residuary estate, at such time or times as my Personal Representative shall select, without apportionment or right of reimbursement. 3. Disposition of Residuary Estate. I give the residue of my estate and appoint all property that I may appoint by Will to the trustees of the HELEN S. EGOLF REVOCABLE TRUST that I established by Agreement earlier today, for arlmini stration as provided in that Agreement and in any valid amendments to and restatements of that Agreement. 4. Powers of Personal Representative: Tax Elections. In extension and not in limitation of powers that are given to my Personal Representative by law or other provisions of this Will, my Personal Representative shall have the following powers, each of which may be exercised in my Personal Representative's discretion and without order or approval of any court, but in all events only in a fiduciary capacity and for the benefit and in the interest of the beneficiaries: (a) To make divisions or distributions of property in kind, in money or both, pro rata or non-pro rata, and to that end, to allocate specific property, or an undivided interest or interests therein. All property that is distributed in kind shall be valued as of the time of distribution or allocation. (b) To employ and pay reasonable compensation to agents, accountants and attorneys, and rely in good faith upon information or advice that they provide. 1 SL1175391vl/02864.001 (c) To lease for any term, exchange or sell any assets, and grant options to lease for any term, exchange or purchase any assets. (d) To borrow money at any time from any source, including any Personal Representative, secure any such loan by a pledge or mortgage of any assets, renew any such loan and give additional security. (e) To act as my Personal Representative without filing bond or entering any other security in any jurisdiction or in any matter. (f) Without liability for self-dealing, to retain, purchase as an investment, sell, vote or refrain from voting securities that were issued by any corporate fiduciary or by any corporate fiduciary's affiliates; exercise or refrain from exercising any options, rights or privileges that are available to my Personal Representative for the purchase of any such securities; invest principal or income in any corporate fiduciary's common trust funds or mutual funds, or in the common trust funds or mutual funds of any corporate fiduciary's affiliates; borrow money from any affiliate of a corporate fiduciary; and delegate any part or all of any corporate fiduciary's responsibilities to one or more of that fiduciary's affiliates. (g) To allocate gains, losses and expenses between principal and income in case of any reasonable doubt as to the applicable rule of law. In the absence of an abuse of discretion, my Personal Representative's judgment in doing so shall bind all persons who have interests in such property. (h) To retain any property, regardless of any risk of non- diversification. (i) To invest principal and income without restriction to so- called "legal investments" for fiduciaries. As examples that do not imply limitations, my Personal Representative may invest in partnerships as a general or limited partner or both, and in shares of mutual funds. G) To exercise any option, right or privilege to subscribe for or acquire stocks, bonds, notes, mortgages or other real or personal property, regardless of any risk of non-diversification. (k) To vote securities in person or by proxy. 2 SLl175391v1l02864.001 (1) To maintain, insure, protect, develop, subdivide, otherwise improve, manage, lease, sublet, repossess, grant options for the purchase of, partition, sell and convey any interest in real estate. (m) To sell property at public or private sale, for cash or credit; exchange or partition property; and grant options for sales or exchanges. (n) To compromise claims. (0) To disclaim any interest in property on my behalf, without court authorization to do so. 5. Appointment and Definition of "Personal Representative". I appoint my niece CAROL YN S. MlLLER executor of this Will. If CAROLYN fails to qualify or ceases to act as executor, I appoint STEVEN J. ADAMS, currently of 57 Park Road, Wyomissing Hills, Pennsylvania 19609, executor of this Will. The term "Personal Representative" means whatever person or persons, legally qualified corporation, or both, may at the time of reference be acting as my personal representative as a result of my appointment in this Will, or any process that results in the appointment or removal of an alternate, additional or successor personal representative. 3 SLl175391vl102864.001 6. Spendthrift Clause. No beneficial interest under this Will may be assigned by the beneficiary or attached by the beneficiary's creditors until the time of actual distribution to the beneficiary. IN WITNESS WHEREOF, I have executed this Will this ~ t~\ day of July, 2001. Cl~. ~ .J? ~ ~ (SEAL) Helen S. Egolf ' Signed, sealed, published and declared by the within named testatrix, HELEN S. EGOLF, as and for the testatrix's last will, in the presence of us, who, at testatrix's request and in testatrix's presence, and in the presence of each other, have subscribed our names as witnesses thereto. --.... 4 SLl175391vl/02864.001 COMMONWEALTH OF PENNSYLVANIA COUNTYOr ~.~~~~?> We,HE~ENS.EGOLF,~ ~ and ~~ ~ , the testatd. d witnesses, r ectively, whose names are signed to the foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the testatrix signed and executed the instrument as the testatrix's last will and that testatrix had signed willingly, and that the testatrix executed it as the testatrix's free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the testatrix, signed the will as witness and that to the best of the witnesses' knowledge, the testatrix was at that time eighteen (18) years of age or older, of sound mind and under no constraint or undue influence. ~~~e ... Witness. \ Witn \ Sworn to or affIrmed and subscribed to before me, STEVEN J. ADAMS, a member of the Bar t Supreme Court ~pe~S~l~~~y ~LEN S. EGOLF, ~ ~<::; c5 an~, ,the testatrix he w' esses, on ~tt' -iyofJUii, 20 . . -~ 5 SLl175391vl102864.001 COMMONWEALTH OF PENNSYL VANIA: ss. COUNTY OF BERKS On this the 01& 1ay of July, 2001, before me, a notary public, the undersigned officer, personally appeared STEVEN J. ADAMS, known to me or satisfactorily proven to be a member of the Bar of the Supreme Court of Pennsylvania, and certified that he was personally present when the foregoing acknowledgment and affidavit were signed by the testatrix and witnesses. IN WITNESS WHEREOF, I have hereunto set my hand and official seal. FtC' ;:~ ( Notary Public NOTARIAL SEAL JUDITH R. TIRDELl, Notary Public City of Reading, Berks County . I sion Ex ir J n. gg,~QP2 6 SLl 175391 vl102864.00 1 TRUST AGREEMENT ESTABLISHING THE HELEN S. EGOLF REVOCABLE TRUST Intending to be legally bound hereby, I, HELEN S. EGOLF, 221 Newry Street, Holidaysburg, Pennsylvania 16648, am executing this Agreement with Trustee this '6f l",; day of July, 2001, in order to create the trusts that are described in this Agreement. 1. Background. For the purpose of funding the trusts that I am creating in this Agreement, I might hereafter transfer certain assets to Trustee (defined in subsequent provisions of this Agreement), and/or designate Trustee as the beneficiary of proceeds that are payable at my death from certain insurance policies, individual retirement accounts and/or employee benefit plans. I may add to the trust estate at any time. With Trustee's consent, any other person may add to the trust estate. 2. Administration During My Lifetime. The provisions of this Paragraph 2. apply only if the trust is funded during my lifetime. During my lifetime, Trustee shall distribute to me or for my benefit such part or all of the net income and such part or all of the principal of the trust as lor my attorney-in-fact may direct in writing that Trustee receives. In the event that I become disabled, infirm or ill, Trustee may apply any income or principal of the trust for my maintenance, support, medical care and welfare, without the intervention of a guardian. For this purpose, Trustee may purchase and maintain disability, hospitalization and/or other medical insurance for me. Trustee may but need not pay any premiums, assessments or other charges with respect to any policies of life insurance that are payable to Trustee at the death of the insured. At the end of each taxable year, Trustee shall add to trust principal all undistributed net income that Trustee has not reserved for later distribution. 3. Collection of Proceeds At My Death. At my death, Trustee shall receive and collect all death benefits that are then payable to Trustee. Trustee may exercise all rights, options and powers that are available with respect to those benefits; execute all necessary receipts and releases to the payors; and compromise and adjust all claims and disputes that arise with respect to those benefits. Trustee shall not be required to initiate any legal proceedings for collection unless Trustee 1 SLl175411vl102864.001 is indemnified for, or there is sufficient trust principal that Trustee chooses to apply toward, the fees and expenses of those proceedings. Trustee's receipt to the payor shall be a full discharge, and the payor shall not be required to pursue or enforce Trustee's application of benefits that are paid to Trustee. 4. Facilitation of Estate Settlement. After my death, Trustee may, in Trustee's discretion, distribute trust assets to my duly appointed personal representative to assist in the payment of my enforceable debts, the expenses of my funeral and burial, the costs of administering my estate, and all taxes that are payable as a result of my death with respect to property that passes under my Will, if and to the extent that my probate estate would otherwise be insufficient or illiquid. 5. Payment of Death Taxes. All inheritance, estate and other death taxes, except generation-skipping transfer tax, that are payable as a result of my death with respect to any trust or trusts that I am creating in this Agreement or upon the interests under this Agreement of any of the beneficiaries and any interest and penalties with respect to those taxes shall be paid from that part of the trust estate which is includible in my taxable estate for federal estate tax purposes. 6. Disposition of Remaining Trust Estate. At my death Trustee shall divide the balance of the trust estate (including net income that is accrued or distributed at my death) into twelve (12) equal shares and distribute such shares as follows: (a) Seven (7) shares to my niece CAROLYN S. MILLER, if she survives me, or if she does not survive me, then to her descendants who survive me, per stirpes. Upon a complete default of beneficiaries of this share, Trustee shall divide this share equally among the remaining shares under this Paragraph 6., and distribute it as part of those shares. (b) One (1) share to my niece JOANNE S. GINTER, if she survives me, or if she does not survive me, to her descendants who survive me, per stirpes. Upon a complete default of beneficiaries of this share, Trustee shall divide this share equally among the remaining shares under this Paragraph 6., and distribute it as part of those shares. 2 SLl 175411vl102864.001 (c) One (1) share to my niece LOmSE S. MORTENSEN, if she survives me, or if she does not survive me, to her descendants who survive me, per stirpes. Upon a complete default of beneficiaries of this share, Trustee shall divide this share equally among the remaining shares under this Paragraph 6., and distribute it as part of those shares. (d) One (1) share to my nephew, RAY C. SCHWARTZ, if he survives me, or if he does not survive me, to his descendants who survive me, per stirpes. Upon a complete default to beneficiaries of this share, Trustee shall divide this share equally among the remaining shares under this Paragraph 6., and distribute it as part of those shares. (e) One (1) share to my niece ANNE. GELLINGS, if she survives me, or if she does not survive me, to her descendants who survive me, per stirpes. Upon a complete default of beneficiaries of this share, Trustee shall divide this share equally among the remaining shares under this Paragraph 6., and distribute it as part of those shares. (t) One (1) share to my niece AMELIA E. ADAMS, if she survives me, or if she does not survive me, to her descendants who survive me, per stirpes. Upon a complete default of beneficiaries of this share, Trustee shall divide this share equally among the remaining shares under this Paragraph 6., and distribute it as part of those shares. 7. Transfers to Minors Act. If any cash or other property would otherwise be distributable to a beneficiary who has not reached the age for terminal distribution under the Pennsylvania Uniform Transfers to Minors Act by the time that I have specified for distribution in this Agreement, Trustee shall select and appoint, and make distribution of such cash or other property to, a legally qualified custodian, for administration on the beneficiary's behalf pursuant to the terms of that Act and any amendments to that Act. If otherwise legally qualified, any Trustee may act as custodian. 8. Protective Provisions. If Trustee decides that physical or mental disability, infirmity or illness would prevent a beneficiary from properly using any principal or income that Trustee must otherwise or may, in an exercise of discretion, distribute to the beneficiary pursuant to another provision of this 3 SLl 175411vl102864.001 Agreement, Trustee shall pay that amount to the beneficiary, to the beneficiary's court-appointed guardian, or directly for the beneficiary's benefit. No beneficial interest under this Agreement may be assigned by the beneficiary or attached by the beneficiary's creditors until the time of actual distribution to the beneficiary. 9. Trustee's Powers. In extension and not in limitation of powers that are given to Trustee by law or other provisions of this Agreement, Trustee shall have the following powers, each of which may be exercised in Trustee's discretion and without order or approval of any court, but in all events only in a fiduciary capacity and for the benefit and in the interest of the beneficiaries: (a) Except as required by Paragraph 9.(b) of this Agreement, to make divisions or distributions of property in kind, in money or both, pro rata or non-pro rata, and to that end, to allocate specific property, or an undivided interest or interests therein. All property that is distributed in kind shall be valued as of the time of distribution or allocation. (b) Without court approval, to (i) divide any trust that I have created in this Agreement into two or more separate trusts, (ii) administer any addition to any such trust as a separate trust on identical terms, and (iii) combine trusts that I have created in this Agreement, or combine any such trust with any trust or trusts that any person shall have created elsewhere, if the trusts to be combined have substantially similar provisions and at least one Trustee in common at the time of the combination, and the administration of the combined trusts would be more economical than separate administration. I specifically authorize Trustee to divide property in any trust that has an inclusion ratio, as defmed in Section 2642(a)(1) of the Internal Revenue Code of 1986, as amended, or the corresponding provision of any subsequent federal tax law, of neither one nor zero, into two separate trusts, one of which has an inclusion ratio of one and the other of which has an inclusion ratio of zero. In that event, the two new trusts shall be funded with a fractional share of each and every substantial interest or right that had been held by the trust from which those trusts were derived. 4 SLl175411vl102864.001 (c) To employ and pay reasonable compensation to agents, accountants and attorneys, and rely in good faith upon information or advice that they provide. (d) To lease for any term, exchange or sell any assets, and grant options to lease for any term, exchange or purchase any assets. (e) To borrow money at any time from any source, including any Trustee, secure any such loan by a pledge or mortgage of any assets, renew any such loan and give additional security. (f) Without liability for self-dealing, to retain, purchase as an investment, sell, vote or refrain from voting securities that were issued by any corporate fiduciary or by any corporate fiduciary's affiliates; exercise or refrain from exercising any options, rights or privileges that are available to Trustee for the purchase of any such securities; invest principal or income in any corporate fiduciary's common trust funds or mutual funds, or in the common trust funds or mutual funds of any corporate fiduciary's affiliates; borrow money from any affiliate of a corporate fiduciary; and delegate any part or all of any corporate fiduciary's responsibilities to one or more of that fiduciary's affiliates. (g) To allocate gains, losses and expenses between principal and income in case of any reasonable doubt as to the applicable rule of law. In the absence of an abuse of discretion, Trustee's judgment in doing so shall bind all persons who have interests in such property. (h) To retain any property, and invest trust principal, consistent with the Pennsylvania prudent investor rule. (i) To exercise any option, right or privilege to subscribe for or acquire stocks, bonds, notes, mortgages or other real or personal property, regardless of any risk of non-diversification. G) To vote securities in person or by proxy. (k) To maintain, insure, protect, develop, subdivide, otherwise improve, manage, lease, sublet, repossess, grant options for the purchase of, partition, sell and convey any interest in real estate. 5 SLl175411vl/02864.001 (1) To sell property at public or private sale, for cash or credit; exchange or partition property; and grant options for sales or exchanges. (m) To compromise claims. (n) To engage, compensate at a reasonable rate frOln the trust estate, and terminate the services of one or more custodians of trust assets.- 10. Trustee Provisions. (a) I appoint my niece CAROLYN S. MILLER as Trustee under this Agreement. If CAROLYN fails to qualify or ceases to act as Trustee at any time when the preceding sentence entitles her to act as Trustee, I appoint STEVEN J. ADAMS, currently of 57 Park Road, Wyomissing Hills, Pennsylvania 19609, as CAROLYN'S substitute or successor as Trustee. In the event of a complete default of trustees under the preceding provisions of this Agreement, I appoint MELLON BANK, N.A. as Trustee. (b) Any Trustee who is a natural person (an "individual Trustee") shall be deemed to be legally unqualified to act as a Trustee in the event that a court having jurisdiction to do so determines that Trustee to be incapacitated and unable to act as a Trustee, or in the event that Trustee's primary physician certifies in writing that the Trustee is incapable of acting as a Trustee. (c) At any time and any number of times, the individual Trustees of any trust or trusts, by consensus, or the individual Trustee of any trust or trusts of which there is only one individual Trustee, in an acknowledged instrument may: (i) appoint a legally qualified corporation as an additional Trustee of the trust or trusts; (ii) remove the corporate Trustee, if any, of the trust or trusts for or without cause and without court review or court approval, and either replace the outgoing corporate Trustee with another legally qualified corporation, or elect not to replace it; and/or (iii) delegate, or cause Trustee to delegate, any or all investment powers that would otherwise be vested in the Trustee of the trust or 6 SLI 175411vIl02864.001 trusts to an investment manager, thereafter revoke any such delegation for or without cause, and charge the. manager's fees and expenses to the trust or trusts for which the manager's services were obtained. No individual Trustee shall be liable for the consequences of having relied upon the investment advice of any such manager whom it was reasonable for the individual Trustee to retain. No corporate Trustee shall be liable for the consequences of having relied upon the investment advice of any such manager whom the individual Trustee has retained pursuant to this provision. (d) No otherwise qualified corporate fiduciary and no investment manager shall be eligible for an appointment as a Trustee or as an investment manager, respectively, pursuant to the provisions of this Paragraph 10. unless it had direct investment responsibility for assets that were worth a total of at least $100 million immediately before the appointment. (e) Any individual Trustee may delegate to any other Trustee any or all of the powers that are exercisable by the delegating Trustee. Each delegated action shall be as effective as if the delegating Trustee had joined in the action. Any such delegation shall be written, and the instrument shall describe the powers that are delegated, the circumstances under which the delegate may exercise those powers, and the time period during which the delegation shall be effective. No such delegation may be irrevocable or for an indefinite period of time. (f) Any individual Trustee may resign at any time when there is another Trustee or a successor Trustee by giving reasonable written notice to every co-Trustee or, if there is no co-Trustee, to the successor Trustee. Any Trustee may file and seek judicial confIrmation of an account. The expense of doing so shall be deemed to be a reasonable expense of trust administration, and shall be paid from the principal of the trust for which the account was filed. However, the written approval of an account by the beneficiaries shall be a full discharge of the Trustee. For this purpose, the natural guardian or legal representative of any beneficiary who is a minor or otherwise legally incapacitated, acting in a fiduciary capacity solely on behalf of the beneficiary, may approve an account on the beneficiary's behalf. (g) The terms "Trustee" and "Trustees" mean whatever person or persons, legally qualified corporation, or both, may at the time of 7 SLlI75411vl/02864.001 reference be acting as a Trustee under this Agreement as a result of my appointment of the initial Trustee in this Agreement, a change in or addition of Trustees pursuant to the provisions of this Agreement, or any other process that results in the appointment or removal of an alternate, additional or successor Trustee. (h) Every individual Trustee shall be compensated at a reasonable hourly rate for such person's services as Trustee. The standard then- prevailing hourly rate applied in the practice of any individual Trustee who is involved in a professional practice shall be deemed one measure, but not the exclusive measure, of what is reasonable for the purpose of this subparagraph. Each individual Trustee shall be reimbursed for reasonable out-of-pocket expenses that the Trustee incurs. The corporate Trustee, if any, shall be compensated as set forth in its published or otherwise generally applicable fee schedule that is in effect when services are rendered, unless the corporate Trustee agreed in writing to a different measure of compensation at the time when it was appointed a Trustee pursuant to the provisions of this Agreement or otherwise. (i) No Trustee shall be required to file bond or to enter any other security in any jurisdiction or in any matter. 11. Reservation of Rights. With respect to each policy of insurance on my life that is payable to Trustee at my death or that is otherwise within Trustee's possession or control, I reserve the rights, without the consent of Trustee or any beneficiary under this Agreement, to change beneficiaries, borrow on the security of the policy, receive all sums that are payable to the insured, and exercise all other options, elections, rights and privileges that I have under the terms of the policy. Trustee agrees to execute all instruments that may be necessary to facilitate my exercise of such rights. I reserve the rights to revoke or amend this Agreement and the trusts that I am creating in it in whole or in part at any time by written instrument that Trustee receives. 12. Situs of Trusts. Governing Law and Miscellaneous. The situs of each trust that I am creating in this Agreement shall be the county and state 8 SLl 17541lvI/02864.001 wherein I maintain my domicile at the time, and after my death, the county and state wherein the domiciliary administration of my estate occurs or would lawfully occur. On the date of this Agreement, the situs is Blair County, Pennsylvania, where I am domiciled. The substantive laws of Pennsylvania shall govern the construction, performance and effect of this Agreement with respect to each trust. All terms that are used in this Agreement and related pronouns shall be construed as masculine, feminine or neuter and in the singular or plural as the sense reqUITes. Each caption in this Agreement is for convenience, and not substantive. IN WITNESS WHEREOF, we have executed this Agreement as Grantor and Trustee on and as of the date that is set forth in the first paragraph of this Agreement. ...--..--------. -....- ~ (/~; r' WItness /",..-r..... w~ g ~ (SEAL) Helen S. Egolf, As Grantor Witness ~. ) ~/ ~..;///~~ // . ~~L--- ~ss tSz~J 1J4~ Carolyn S. Miller, As Trustee (SEAL) Witness 9 SLl 175411 v J102864.00 1 C0Jv1l\10NWEAL TH OF PENNSYL VANIA COUNTY OF d'~ r ~ ,I On this .3~ 13ay of July, 2001, before me, a notary public, the undersigned officer, personally appeared STEVEN J. ADAMS, known to me (or satisfactorily proven) to be a member of the bar of the highest court of the Commonwealth of Pennsylvania, and a subscribing witness to the within instrument, who certified that he was personally present when HELEN S. EGOLF, whose signature is subscribed to the within instrument, executed the same, and that the said HELEN S. EGOLF acknowledged that she executed the same for the purposes therein contained. : ss. IN WITNESS WHEREOF, I hereunto set my hand and official seal. {.. f\' I ~ ~ -0 - If / ~LU---C'~_, .{ ~ ;; J-<< C---L{ ( N~tary PublIc J \,,-~ NOTARIAL SEAL JUDITH R. TIRDElL;Notary Public City of Reading, Berks County - MY:-<:::9I.J:lD1i,;,>sion .ffi;cnj(es J~n. 2~ 2002 10 SLl17541lv1/02864.001 COMMONWEALTH OF PENNSYLVANIA COUNTY OF 6C'rKS: r On thisJ~ ~ay of July, 2001, before me, a notary public, the undersigned officer, personally appeared STEVEN J. ADAMS, known to me (or satisfactorily proven) to be a member of the bar of the highest court of the Commonwealth of Pennsylvania, and a subscribing witness to the within instrument, who certified that he was personally present when CAROLYN S. MILLER, whose signature is subscribed to the within instrument, executed the same, and that the said CAROLYN S. MILLER acknowledged that she executed the same for the purposes therein contained. : ss. IN WITNESS WHEREOF, I hereunto set my hand and official seal. ~~ ~ lr. _.~~_ A ~~'- Ot 'I ,~:, ; ~ I .t I >.r;~4j I( ~ ,jL;-, /Ll-f (jtaIy Public NOTARIAL SEAL JUDITH R. TIRDEll. Notary Public City of Reading, Berks County M Com.missi.QJ:l.l;lSD~J~02 . 11 SLl 175411vl/02864.001 4 ) 202.944 ANADARKO PETE CORP (032511107 ; APC) COM New York Stock Exchange 02/23/2007 41. 34000 40.65000 H/L 40.995000 5) 332.441 BANK OF AMERICA CORPORATION (060505104; BAC) COM New York Stock Exchange 02/23/2007 53.74000 52.78000 H/L 53.260000 6) 72.294 BOEING CO (097023105; BA) COM New York Stock Exchange 02/23/2007 90.85000 90.00000 H/L 90.425000 Estate Valuation Date of Death: 02/23/2007 Valuation Date: 02/23/2007 Processing Date: 07/03/2007 Shares or Par Security Description High/Ask 1) 67.792 ABBOTT LABS (002824100; ABT) . COM New York Stock Exchange 02/23/2007 53.77000 2) 50 AGILENT TECHNOLOGIES INC (00846U101; Al COM New York Stock Exchange 02/23/2007 33.41000 3) 31.071 AIR PRODS & CHEMS INC (009158106; APD) COM New York Stock Exchange 02/23/2007 78.00000 7) Div: 0.35 Ex: 02/07/2007 Rec: 02/09/2007 Pay: 03/02/2007 Div: 0.35 Ex: 02/07/2007 Rec: 02/09/2007 Pay: 03/02/2007 118.824 BRISTOL MYERS SQUIBB CO (110122108; BMY) COM New York Stock Exchange 02/23/2007 27.15000 8) 145.67 CATERPILLAR INC DEL (149123101; CAT) COM New York Stock Exchange 02/23/2007 67 . 66000 9) 165.684 CHEVRON CORP NEW (166764100; CVX) COM New York stock Exchange 02/23/2007 71. 28000 Low/Bid 53.20000 H/L 32.85000 H/L 77.17000 H/L 26.94000 H/L 67.07000 H/L 70.57000 H/L 10) Div: 0.52 Ex: 02/14/2007 Rec: 02/16/2007 Pay: 03/12/2007 145.048 CHUBB CORP (171232101; CB) COM New York Stock Exchange 02/23/2007 53.16000 11) 105.292 CITIGROUP INC (172967101; C) COM New York Stock Exchange 02/23/2007 54.03000 Page 1 52.70000 H/L 53.15000 H/L Estate of: HELEN EGOLF ESTATE Report Type: Date of Death Number of Securities: 52 File 10: EGOLF Mean and/or Div and Int Security Adjustments Accruals Value 53.485000 3,625.86 33.130000 1,656.50 77.585000 2,410.64 8,319.69 17,705.81 6,537.18 25.30 27.045000 3,213.60 67.365000 9,813.06 70.925000 11,751.14 86.16 52.930000 7,677.39 53.590000 5,642.60 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.4) Date of Death: 02/23/2007 Valuation Date: 02/23/2007 Processing Date: 07/03/2007 Estate of: HELEN EGOLF ESTATE Report Type: Date of Death Number of Securities: 52 File ID: EGOLF Shares or Par Security Description High/Ask Low/Bid Mean and/or Div and Int Security Adjustments Accruals Value 12) 283.754 CVS CAREMARK CORPORATION (126650100; CVS) COM New York Stock Exchange 02/23/2007 32.67000 32.27000 H/L 32.470000 9,213.49 13) 165 DOLLAR TREE STORES INC (256747106; DLTR) COM The NASDAQ Stock Market LLC 02/23/2007 34.36000 33.82100 H/L 34.090500 5,624.93 14) 121.855 DUKE ENERGY CORP NEW (264399106; DUK) COM New York Stock Exchange 02/23/2007 20.05000 19.77000 H/L 19.910000 2,426.13 Div: 0.21 Ex: 02/14/2007 Rec: 02/16/2007 Pay: 03/15/2007 25.59 15) 149.681 EL PASO CORP (28336L109; EP) COM New York Stock Exchange 02/23/2007 15.18000 14.80000 H/L 14 . 990000 2,243.72 16) 99.816 ELECTRONIC DATA SYS NEW (285661104; EDS) COM New York Stock Exchange 02/23/2007 29.03000 28.76000 H/L 28.895000 2,884.18 Div: 0.05 Ex: 02/15/2007 Rec: 02/20/2007 Pay: 03/09/2007 4.99 17) 7 EMBARQ CORP (29078E105; EQ) COM New York Stock Exchange 02/23/2007 57.15000 56.38000 H/L 56.765000 397 . 36 18) 47.175 FEDERAL NATL MTG ASSN (313586109; FNM) COM New York Stock Exchange 02/23/2007 59.97000 58.48000 H/L 59.225000 2,793.94 Div: 0.4 Ex: 01/29/2007 Rec: 01/31/2007 Pay: 02/26/2007 18.87 19) 61.104 GANNETT INC (364730101; Gel) COM New York Stock Exchange 02/23/2007 63.29000 62.56000 H/L 62. 925000 3,844.97 20) 61. 005 GOLDMAN SACHS GROUP INC (38141G104; GS) COM New York Stock Exchange 02/23/2007 219.80000 215.55000 H/L 217.675000 13,279.26 21) 320.417 HEWLETT PACKARD CO (428236103; HPQ) COM New York Stock Exchange 02/23/2007 41. 08000 40.59000 H/L 40.835000 13,084.23 22) 6 HOSPlRA INC (441060100; HSP) COM New York Stock Exchange 02/23/2007 37.59000 37.13000 H/L 37.360000 224.16 Page 2 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.4) Date of Death: 02/23/2007 Valuation Date: 02/23/2007 Processing Date: 07/03/2007 Shares or Par Security Description High/Ask Low/Bid 34.50000 H/L 24) Div: 0.3425 Ex: 02/16/2007 Rec: 02/21/2007 Pay: 03/15/2007 155 INTERPUBLIC GROUP COS INC (460690100; IPG) COM New York Stock Exchange 02/23/2007 13.22000 Estate of: HELEN EGOLF ESTATE Report Type: Date of Death Number of Securities: 52 File ID: EGOLF Mean and/or Div and Int Security Adjustments Accruals Value 34.870000 104.61 23) 3 IDEARC INC (451663108; IAR) COM New York Stock Exchange 02/23/2007 35.24000 12.76000 H/L 36.95000 H/L 26) Div: 0.25 Ex: 02/14/2007 Rec: 02/16/2007 Pay: 03/15/2007 155.807 JP MORGAN CHASE & CO (46625H100; JPM) COM New York stock Exchange 02/23/2007 1. 03 12.990000 2,013.45 25) 135.861 INTL PAPER CO (460146103; IP) COM New York Stock Exchange 02/23/2007 37.27000 50.72000 H/L 69.18000 H/L 42.80000 H/L 65.07000 H/L 28.89000 H/L 37.51000 H/L 40.06000 H/L 33) Div: 0.13 Ex: 02/14/2007 Rec: 02/16/2007 Pay: 03/02/2007 87.477 PALL CORP (696429307; PLL) COM New York Stock Exchange 02/23/2007 37.110000 5,041. 80 51. 75000 27) 83.121 KIMBERLY CLARK CORP (494368103; KMB) COM New York Stock Exchange 02/23/2007 70.14000 35.46000 H/L 33.97 51.235000 7,962.77 26) 67.693 MERCK & CO INC (569331107; MRK) COM New York Stock Exchange 02/23/2007 43.22000 69.660000 5,790.21 29) 125.642 METLIFE INC (59156R106; MET) COM New York Stock Exchange 02/23/2007 65.96000 43.010000 2,920.06 30) 172.129 MICROSOFT CORP (594916104; MSFT) COM The NASDAQ Stock Market LLC 02/23/2007 29.26000 65.525000 8,245.60 31) Div: 0.1 Ex: 02/13/2007 Rec: 02/15/2007 Pay: 03/06/2007 2 NEENAH PAPER INC (640079109; NP) COM New York Stock Exchange 02/23/2007 29.065000 5,006.37 36.10000 32) Div: 0.1 Ex: 02/07/2007 Rec: 02/09/2007 Pay: 03/02/2007 66.444 OSI RESTAURANT PARTNERS INC (669699102; OSI) COM New York Stock Exchange 02/23/2007 40.70000 17.21 37.605000 75.61 35.95000 Page 3 0.20 40.360000 2,663.01 6.64 35.715000 3,124.24 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (618) 313-6300 or www.evpsys.com. (Revision 7.0.4) Date of Death: 02/23/2007 Valuation Date: 02/23/2007 Processing Date: 07/03/2007 34) Shares or Par Security Description High/Ask 64.93000 65.75000 61.45000 25.50000 19.35000 26.57000 24.00000 41) 75.286 VERIZON COMMUNICATIONS (92343V104; VZ) COM New York Stock Exchange 02/23/2007 38.52000 Low/Bid 64.46000 H/L 64.58000 H/L 36) Div: 0.175 Ex: 02/16/2007 Rec: 02/21/2007 Pay: 04/06/2007 120.951 SEMPRA ENERGY (816851109; SRE) COM New York Stock Exchange 02/23/2007 Estate of: HELEN EGOLF ESTATE Report Type: Date of Death Number of Securities: 52 File 10: EGOLF Mean and/or Div and Int Security Adjustments Accruals Value 60.51000 H/L 25.16050 H/L 38) Div: 0.22 Ex: 02/14/2007 Rec: 02/16/2007 Pay: 03/15/2007 157.551 SPRINT NEXTEL CORP (852061100; S) COM FaN New York Stock Exchange 02/23/2007 19.04000 H/L 26.37000 H/L 23.01000 H/L 37.90000 H/L 120.21000 118.80000 H/L 43) Div: 0.46 Ex: 02/21/2007 Rec: 02/23/2007 Pay: 03/09/2007 137.401 WACHOVIA CORP NEW (929903102; WB) COM New York Stock Exchange 02/23/2007 44) 83.352 WYETH (983024100; WYE) COM New York Stock Exchange 02/23/2007 57.43000 H/L Div: 0.26 Ex: 02/09/2007 Rec: 02/13/2007 Pay: 03/01/2007 50.03000 H/L 64.695000 7,486.76 115.724 PROCTER & GAMBLE CO (742718109; PG) COM New York Stock Exchange 02/23/2007 35) 170 SCHLUMBERGER LTD (806857108; SLB) COM New York Stock Exchange 02/23/2007 58.77000 50.95000 Page 4 65.165000 11,078.05 37) 60 SPECTRA ENERGY CORP (847560109; SE) COM New York Stock Exchange 02/23/2007 29.75 60. 980000 7,375.59 39) 219.321 UNILEVER N V (904784709; UN) N Y SHS NEW New York Stock Exchange 02/23/2007 25.330250 1,519.82 40) 6 VERIGY LTD (Y93691106; VRGY) SHS The NASDAQ Stock Market LLC 02/23/2007 13.20 19.195000 3,024.19 42) 26.084 VULCAN MATLS CO (929160109; VMC) COM New York Stock Exchange 02/23/2007 26.470000 5,805.43 23.505000 141. 03 38.210000 2,876.68 119.505000 3,117.17 12.00 58.100000 7,983.00 50.490000 4,208.44 21.67 This report was produced with EstateVa1, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.4) Date of Death: 02/23/2007 Valuation Date: 02/23/2007 Processing Date: 07/03/2007 Shares or Par Security Description High/Ask Low/Bid 45) 51.262 3M CO (88579Y101; MMM) COM New York Stock Exchange 02/23/2007 76.57000 75.95000 H/L 46) Div: 0.48 Ex: 02/21/2007 Rec: 02/23/2007 Pay: 03/12/2007 14000 FNMl\ PASS-THRU INT 15 YEAR (31387CQT1) Financial Times Interactive Data Mat: 09/01/2016 6.000% Fact: 0.06587131 02/23/2001 101.55133 AlB Int: 02/01/2001 to 02/23/2007 Int: 01/2007, payable 02/25/2001 prin: 01/2007, payable 02/25/2007 12000 FNMl\ PASS-THRU LNG 30 YEAR (31371J1A6) Financial Times Interactive Data Mat: 07/01/2031 6.500% Fact: 0.06526195 02/23/2007 Int: 02/01/2001 to 02/23/2001 Int: 01/2001, payable 02/25/2001 prin: 01/2001, payable 02/25/2007 5000 ASSOCIATES CORP NORTH lIMER (046003JT7) Financial Times Interactive Data DTD: 10/30/1998 Mat: 11/01/2008 6.25% 02/23/2007 Int: 11/01/2006 to 02/23/2001 49) 5000 INTERNATIONAL BUSINESS MACHS (459200AT8) New York Bond Exchange DTD: 02/01/1999 Mat: 02/01/2009 5.315% 02/22/2007 100.50000 100.50000 H/L 02/26/2007 100.81500 100.25000 A/B 47) 102.41332 AlB 48) 101. 5 9375 AlB Int: 02/01/2001 to 02/23/2001 50) 100000 FEDERAL HOME LN MTG CORP (3133F03D9) Financial Times Interactive Data DTD: 09/05/2003 Mat: 09/15/2018 5% 02/23/2007 Int: 09/15/2006 to 02/23/2001 51} 8000 FEDERAL NATL MTG ASSN (31359MEU3) Government/Agency (Dealer Quotations) DTD: 05/15/1999 Mat: 05/15/2029 6.25% 02/23/2007 114.34315 113.62500 A/B 98.84315 AlB Int: 11/15/2006 to 02/23/2007 52} 1662.184 FEDERATED INCOME SECS TR (314182106; FD FR USGVT A Mutual Fund (as quoted by NASDAQ) 02/23/2001 Dreyfus Money Market Fund Cash FUSGX) 7.10000 Mkt Total Value: Total Accrual: Total: $439,078.33 Estate of: HELEN EGOLF ESTATE Report Type: Date of Death Number of Securities: 52 File ID: EGOLF Mean and/or Div and Int Security Adjustments Accruals Value 16.260000 3,909.24 24.61 101.551325 936.56 3.38 102.413315 802.51 3.11 101.593150 5,019.69 91.22 100.531250 5,026.56 16.42 98.843750 98,843.15 2,194.44 113.984315 9,118.15 136.11 1.100000 59,003.44 21,553.15 56.86 $2,77~ $414,694.45 STEVENS & LEE LAWYERS & CONSULTANTS 111 North 6th Street P.O. Box 679 Reading, P A 19603-0679 (610) 478-2000 Fax (610) 376-5610 www.stevenslee.com Direct Dial: (610) 478-2236 Email: jkr@stevenslee.com Direct Fax: (610) 988-0861 November 20, 2007 Cumberland County Register of Wills One Courthouse Square Carlisle, P A 17013 Re: Estate of Helen S. Egolf File No. 21-07-0492 Date of Death: February 23,2007 Ladies and Gentlemen: Enclosed is a check in the amount of$15.00 payable to your order for the filing ofthe enclosed Pennsylvania Inheritance Tax Return and Inventory. Please time-date stamp the enclosed copy and return it to me in the envelope provided. Thank you for your cooperation in this matter. Very truly yours, ~~~~ Estate Administrator Encl. cc: Mrs. Carolyn S. Miller Steven J. Adams, Esq. Philadelphia . Reading . Valley Forge . Lehigh Valley . Harrisburg . Lancaster Williamsport . Wilkes-Barre . Princeton . Cherry Hill . New York · A PROFESSIONAL CORPORATION . 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