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HomeMy WebLinkAbout03-06-08 (2) ~E'J- - :~r'(. t:x ltivn REV-1500 t::: ~ COMMONWEALTH OF .1- ".' PENNSYLVANIA "('~"' . .: DEPARTMENT OF REVENUE . DEPT. 280601 ~. " HARRISBURG, PA 17128-0601 .....Il . w It:~en uIX:X: wQ.u :1:00 uD:::...J Q.a1 Q. ct. INHERITANCE TAX RETURN RESIDENT DECEDENT ... Z W o W () W C DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) GUINIVAN, THOMA DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR) Ju~e 8, 2007 Se tember 15, 1917 (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) N/A ~ 1. Original Return D 4. Limited Estate rn 6. Decedent Died Testate (Attach copy of Will) D 9. Litigation Proceeds Received o 2. Supplemental Return o 4a. Future Interest Compromise (dale 01 death alter 12.12-82) o 7. Decedent Maintained a Living Trust (Attach copy of Trust) o 10. Spousal Poverty Credit (date of death between 12.31.91 and 1.1.95) FILE NUMBER 1-- L -9 _.1_ COUNTY CODE YEAR _9.. _~.. I._ 3 NUMBER SOCIAL SECURITY NUMBER 187 - 03 ~ 9709 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS SOCIAL SECURITY NUMBER D 3. Remainder Return (dale of dealll pnor 10 12-13.82: D 5. Federal Estate Tax Return Required -.0 8. Total Number of Safe Deposit Boxes D 11. Election to tax under Sec 91'13:A) ,(.i\.,<:' See, J NAME COMPLETE MAILING ADDRESS ~~~:Tf~~'"1l1.1J-' <4t"'"ib.""F'~'1J,~rt~~f;6.."'~~"17~tIj"j-" \(1."';<;~'Wil.:':l ~"",.~ :. ~ ~ ~) ~1 ~\....I: ~-F~f!4~;1ltO '~II OJ ~~;a.~~ ~ ~'~'iI~~ ~ ': -'~ "' :/, ~ I ~ ~ ~ ~ _' \ L : " }~ ~ \~ 1 ~ f' ; "~ " r \&' i~ f; ~: tl... ~!J; ~ Z W C Z o Q. en w IX: IX: o (,) Geor e W. Porter FIRM NAME (If Applicable) uire 717-533-7130 909 East Chocolate Avenue Hershey, PA 17033 TELEPHONE NUMBER z o ~ -I ::>> !:: Q. <( () w 0::: 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Corporation, Partnership or Sole-Proprietorship 4. Mortgages & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) D Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) o 1,066,851.15 o 5,190.00 53,379.92 (1 ) (2) (3) (4) (5) (6) o (7) 107,718.71 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) 11. Total Deductions (total Lines 9 & 10) (9) (10) 13,931.11 26.20 12. Net Value of Estate (Line 8 minus Line 11) 13. Charitable and Governmental BequestslSec 9113 Trusts for which an election to tax has not been made (Schedule J) 14. Net Value Subject to Tax (Line 12 minus Line 13) SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES z o ~ ~ ::l a. :e o u X ~ 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) x .0 _ (15) x.o~ 16. Amount of Line 14 taxable at lineal rate 1,121,647.87 17. Amount of Line 14 taxable at sibling rate x .12 18 Amount of Line 14 taxable at collateral rate x .15 19 Tax Due CHECK HERE IF YOU ARE REQUESTING A REFUND OF I\,tl O\fERPAYMENT "e _ ~W~~%-.;, l'{~li~i'I.' fl~( I ~~ ~ _\. 'f .:: ~~ "'::~~l"~::- ~a;.~~",~","!Ii.lii;J,""""""",,_,,, "'lII_ ,"".,~. ,.,;, .~"~~r.l .A1M<'~ ----_---......-...-,,-"'"~...--~.~--,_......~_., 20. I~.] --.----J:...__~...._____~l.J~a~.i' 6FFi\~I:t..L C)! :;~!~J 1::;' . ~ .~ - ,j I crl -.;:"1 r'.) ! ;i C) c.", (8) 1,233,13Q.7R (11 ) (12) (13) 13.Qt;7,;11 1,.~19,182.47 97,534.60 (14) 1,121,647.87 o (16) 5 0 ,A24-~__ (17) _____._Q_.___..... ..__.__..____ o (18) (19) 5 Q_L~.I.~~__1.~_______ d~ Decedent's Complete Address: [ STREET-ADDRESS - _____________ _____._____ ._____Th..Qm.as__~_G.uin.i van _______._ _ 513__Al.b..r.i q h t Drive CITY Mechanicsbur STATE PA Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit N / A B. Prior Payments 8 / 21 /07 C. Discount (1 ) -----1 ._----~ ZIP 1 7055 50,474.15 45,000.00 2,250.00 . Total Credits ( A + 8 + C ) (2) 47,250.00 3. InteresUPenalty if applicable D. Interest E. Penalty 4. TotallnterestJPenalty ( 0 + E ) (3) 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) If Line 1 + Line 3 is greater than line 2, enter the difference. This is the TAX DUE. (5) A. Enter the interest on the tax due. (SA) 5. o o 3,224.15 o B. Enter the total of Line 5 + SA. This is the BALANCE DUE. (58) 3 , 224 · 15 Make Check Payable to: REGISTER OF WILLS, AGENT ~t~ ~~'J;,"''7~).,:~ i\-l'1:' \ . "ft_,..t: ~"~;'1 \' ~," ~...> ~ < ~ ...~!) r,~ ': ~.\~!i~;l~'7 J.. PLEASE ANSWER THE FOLLOWING QUeSTIONS BY PLACtNG AN..'X" IN THE APPROP'RIATE BLOCKS 1. Did decedent make a transfer and: Yes a. retain the use or income of the property transferred;.......................................................................................... D b. retain the right to designate who shall use the property transferred or its income; ............................................ D c, retain a reversionary interest; or..... ........... ........................................................................... ............................... 0 d. receive the promise for life of either payments, benefits or care? ...................................................................... 0 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ................. ......................................... .................. ................. ......... ........ 0 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? .............. D 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ...... .............................................. ......... ......... ....................... ................ ..... ...... I!I No [X] ~ ~ lID ~ [!] o IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. DATE 3 3 ()~ 2804 West Linden Avenue Nashville, TN 37212 SIGNATU Y I'J... ADDRESS 2432 Rock s Road Forest Hill, MD 21050 SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE If- /.., (J J;: ADDRESS 909 East Chocolate Avenue, Hershey, PA 17033 iH t"r~ ',: ~..j ~ ':1' r . ~ ~.." "... "/.11. ~ .,,~~r ,~ (J~,.~t ...."itilf t ~ '. ,,:;:...,\.;,\..."t~!,hili;~.,;;',~;~;j~'i1~iJ~~\fit:~t~~;~~~!)~7lf~~~~ :Jft1lt1~~~~~,~~\f,t'?';.!;:i.,.;" . . 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 3% [72 PS 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 0% [72 P.S. 99116 (a) (11) (ii)]. 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 0% [72 P.S. 99116(a)(1.2)]. The tax rate :rnposed 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. 99116(1.2) [72 P.S. 99116(a)(1)1 The tax rate Imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. ~9116(a)(1.3)J. 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 INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF THOMAS W. GUINIVAN FILE NUMBER 21-07-0573 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1. DESCRIPTION Wienken & Associates account: a. Washington Mutual Investors.~'Fund - A #132439809 b. New Perspective Fund - A #191086745 c. American Balanced - A 951527962 d. Capital World Growth & Income - A 951527962 e. Oppenheimer Funds - PA Municipal Fund - A 740-7400075295 VALUE AT DATE OF DEATH 234,001.67 215,984.61 155,172.91 275,614.12 175,956.84 2. Wachovia Securities account: #3759-0533 a. 10,000 PA Housing Finance 5% @ 100.605 b. accrued interest 10,060.50 60.50 TOTAL (Also enter on line 2, Recapitulation) $ 1, 066 , 851 . 15 (If more space is needed, insert additional sheets of the same size) THOMAS W. GUINIV AN Date of Death: June 8, 2007 SSN: 187-03-9709 DATE OF DEATH VALVES Non-Qualified Accounts AMERICAN FUNDS ACCOUNT # DATE OF DEATH VALUE Washington Mutual 132439809 $234,001.67 Investors Fund- A New Perspective Fund-A 191086745 $215,984.61 Alnerican Balanced-A 951527962 $155,172.91 Capital World Growth & 951527962 $275,614.12 Income-A OPPENHEIMER FUNDS P A Municipal Fund-A 740-7400075295 $175,956.84 Non-Qualified Annuitv MASS MUTUAL ACCOUNT # DEA TH BENEFIT VALUE Odyssey Fixed Annuity ODY15262803 $ 97,718.71 WachOVid.;,ef'UI':r.es. LLC .3 Len 1oyn,., Dllve Len1lJvoe, PA 11043 ~~ Tel 717 7617344 Fax 71/ q75-8426 800 468-8685 . ~~ AuguSl 2.0, 2007 Ceorge W. Porter ')09 I:asl Chocolale Avenue llershey, P^ 17033 l{' ':: I;sl<t((' of Thomas V\l. Guinivan June X, 2.007 Dear Mr. Porter: l.isted below is the date of death value for the above mentioned estate: 10,000 P A Housing Finance 5</:) Due 10/01/2017 $100.605 The account was opened May 21, 1997 in single name. III can he of further assistance, please give ll1e a call at 717-975-8411. ~2 ~~ u (;I) J--f. '/ I yn K. Neff' Senior Administrative .'sistant to George A. Sneed Member NYSE/ SIP( WACHOVJA SBCGIU 'I' ll<~S $10,060.50 REV-1507 EX. (1-97) .. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE D MORTGAGES & NOTES RECEIVABLE ESTATE OF FILE NUMBER 21-07-0573 THOMAS w. GUINIVAN All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1. united Methodist Church - loan to church $5,190.00 TOTAL (Also enter on line 4, Recapitulation) $ 5, 190 . 00 (If more space is needed. insert additional sheets of the same size) ~:'v'I500EX'r'9n . ~ . ~Jtih~ .~j.~~ ~:i~~;;'i:' J\ ..,...;.,.~"'il~ COMMONWEAL TH OF PLNN~jY:.'v'ANI/\ iNHERnANCE TM'. RETURN ____~~~_i)E~i'gr:N r ESTATE OF SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY THOMAS W. GUINIVAN FILE NUMBER 21-07-0573 include the proceeds of litigation and the date the proceeds were received by the estate. All property Jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM NUMBER 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. DESCRIPTION Credit Union' - Acct. #22396-00 Credit Union - Acct. #22396-11 Credit Union - Investment Savings Credit Union - accrued interest Members 1st Federal Members 1st Federal Members 1st Federal Members 1st Federal Cash on hand Refund - Genworth - refund of premium Refund - AAA premium Refund - Erie Insurance Refund - IRS - tax refund Refund - Bethan Village Refund - Verizon United Methodis Church - death benefit under pension Cumberland County Veterans Assoc. - death benefit \ 1 VALl.JE A.T OA T:: OF JEA:r 27.03 1,949.44 46,761.00 20.00 1,525.32 1,337.94 22.68 163.00 537.05 433.52 2.94 500.00 100.00 TOTAL (Also enter on line 5, RecapitUlatiOn) (If more space is needed, insert additional sheets of the same size) ~53,379.92 REGULAR SAVINGS ACCOUNT: Account Number/ Suffix Date Account Established Principal Balance at Date of Death Accrued I nterest to Date of Death Total Principal and Accrued Interest Name of Joint Owner CHECKING ACCOUNT: Account Number/ Suffix Date Account Established Principal Balance at Date of Death Accrued I nterest to Date of Death Total Principal and Accrued Interest Name of Joint Owner INVESTMENT SAVINGS ACCOUNT: Account Number/Suffix Date Account Established Principal Balance at Date of Death Accrued I nterest to Date of Death Total Principal and Accrued Interest Name of Joint Owner VISA: Account Number/Suffix Date Account Established Balance at Date of Death Name of Joint Cardholder Estate of: THOMAS W. GUINIVAN Date of Death: June 8,2007 Social Security Number: 187 -03-9709 tv 1~ MEMBERS 1st FEDERAL CREDIT UNION INSURANCE DEPARTMENT 5000 Louise Drive P. O. Box 40 Mechanicsburg, PA 17055 1-800-283-2328 or (717) 697-1161 22396-00 07/31/1979 $27.03 $.00 $27.03 None 22396-11 01/06/1982 $1,949.44 $.00 $1,949.44 None 22396-05 10/01/1985 $46,761.00 $20.00 $46,781.00 None 4121449998223965 01/29/1992 $.00 Irene Guinivan (deceased 12/11/1996) BERS 1 ST EEDERAi CREDIT UNION ~. \UUU- Danielle A. Kline Insurance Services Specialist June 28, 2007 5000 Louise Drive · PO. Box 40 · Mechanicsburg, Pennsylvania 17055 · (717) 697-1161 · www.memberslst.org REV-"" ",. "'" '* COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER.VIVOS TRANSFERS & MISC. NON.PROBA TE PROPERTY ESTATE OF FILE NUMBER THOMAS W. GUINIVAN 21-07-0573 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. ITEM NUMBER 1. DESCRIPTION OF PROPERTY INCLUOE THE NAME OF THE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND THE DATE OF TRANSFER. ATTACH A COPY OF THE OEED FOR REAL ESTATE. DATE OF DEATH VALUE OF ASSET %OF DECO'S INTEREST EXCLUSION IIF APPLICABLe) TAXABLE VALUE 2. MassMutual - Contract #ODY15262803 - Annuity - Beneficiaries: Thomas Lee Guinivan - son; and Ann Lenore Cover, daughter. MassMutual - Contract #19890300 - Beneficiaries: Thomas Lee Guinivan, son; and Ann Lenore Cover, daughter. 97,718.71 100% 97,718.71 10,000.00 100% 10,000.00 TOTAL (Also enter on line 7, Recapitulation) $ 107 , 718 . 71 (If more space is needed. insert additional sheets of the same size) -'"~''''' * COMMONWEAL TH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECED NT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER 21-07-0573 THOMAS W. GUINIVAN Debts of decedent must be reported on Schedule I. ITEM NUMBER A. 1. B. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. . . 12. DESCRIPTION FUNERAL EXPENSES: Hoover Funeral Home - balance of funeral expenses ADMINISTRATIVE COSTS: Personal Representative's Commissions N/A Name of Personal Representative (s) Social Security Number(s) J EIN Number of Personal Representatlve(s) Street Address City State Zip Year(s) Commission Paid: Attorney Fees: George W. Porter, Esquire Family Exemption: (If decedenfs address is not the same as c1aimanfs. attach explanation) Claimant Street Address N/A City Relationship of Claimant to Decedent State Zip ProbateFees: cumberland County Register of Wills - letters Register of Wills - file inventory !~n~~~ of Wills - file tax return Final 1040 for 2007 - estimated . TaxRetumPreparer'sFees Fiduciary income tax returns - 1041 estimated fee Cumberland Law Journal - advertise letters The Sentinel - advertise letters Bethany Village - final bill Register of Wills - short certificate Members 1st Federal Credit Union - checkbook printing George W. Porter - miscellaneous expenses AMOUNT 876.48 10,000.00 730.00 15.00 250.00 350.00 75.00 134.68 1,432.00 4.00 13.95 50.00 TOTAL (AI$o enter on line 9, Recapitulation) $ 13, 9 31 . 11 (If more space Is needed, Insert additional sheets of the same size) REV-1512 EXt (12-03) '* COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS ESTATE OF THOMAS W. GUINIVAN FILE NUMBER 21-07-0573 Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Jackson Siegelman Gastroenter. - bill $26.20 TOTAL (Also enter on line 10, Recapitulation) $ 26 . 20 (If more space is needed, insert additional sheets of the same size) REV. 1513 ex .ll.gn * SCHEDULE J BENEFICIARIES COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF THOMAS W. GUINIVAN FILE NUMBER 21-07-0573 RELA TIONSHfP TO DECEDENT AMOUNT OR SHARE Do Not Lilt Trustee(s) OF ESTATE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY I . TAXABLE DISTRIBUTIONS (include outright spousal distributions) 1. Thomas Lee Guinivan 2432 Rocks Road, Forest Hill, MD 21050 son 46% residue 2. Ann Lenore Cover 2804 West Linden Avenue, Nashville, TN 37212 daughter 46% residue ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 17, 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 -----... 1. -___.__ B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. United Methodist Home for the Aging, Inc. - 32~ Wesley Drive, Mechanicsburg, PA 17055 2. Lebanon Valley College 101 College Avenue, Annville, PA 17003 3. United Theological Seminary 4501 Denlinger Road, Troutwood, Ohio 45426 4. Bethesda Mission 2001 North Front Street, Harrisburg, PA 17102 $24,000.00 24,000.00 24,000.00 24,000.00 TOTAL OF PART II. ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV 1500 COVER SHEET $ 96,000. 00 (If more space Is needed. insert additional. sheets of the same size) LAST WILL (F (() ~'\? ,_.r .,. OF THOMAS W. GUINIV AN I, THOMAS W. GUINIV AN, presently of Lower Allen Township, Cumberland County, Pennsylvania, do hereby declare tms to be my Last Will, and do hereby revoke all prior Wills and Codicils heretofore made by me. 1. I hereby give and bequeath to my children, THOMAS LEE GUINIV AN and ANN LENORE COVER, in equal shares, if they survive me, my entire interest in and to any and all furniture, clothing, jewelry, household goods, utensils and supplies, books, automobiles, implements, and tools that may be in, at or about my home at the time of my death, and all of my other tangible personal property, together with all policies of insurance thereon. 2. All of the rest, residue and remainder of my property and estate, of whatsoever nature and wheresoever situate (hereinafter referred to as "my residuary estate"), I hereby give, bequeath and devise as follows: a. Ninety-two percent (92%) to be divided equally among my wife, IRENE L. GUINIV AN, my son, THOMAS LEE GUINIV AN, and my daughter, ANN LENORE COVER. If my said wife predeceases me, her share of my residuary estate shall be divided equally between my said children. If either of my said children should predecease me, his or her share of my residuary estate shall be distributed to said deceased child's .' ft.../-. (Pf-:Y ..t1 if) "J 1 -rWG issue, per stirpes, and if none, then to my surviving child or his or her living issue, per stirpes. b. Two percent (2%) to The United Methodist Home for the Aging, Inc., or its legal successor, for deposit in the Care Assurance Fund of Bethany Village Retirement Center; c. Two percent (2%) to Lebanon Valley College, Annville, Pennsylvania, or its legal successor; d. Two percent (2%) to United Theological Seminary, Dayton, Ohio, or its legal successor; and e. Two percent (2%) to Bethesda Mission, Harrisburg, Pennsylvania, or its legal successor. 3. Any property, either of income or principal, which is payable or distributable to a minor under this Will shall be transferred to the guardian of such minor to be held pursuant to the provisions of the Pennsylvania Uniform Transfers to Minors Act with said guardian being hereby nominated as the custodian thereof. 4. Except as otherwise required by law, in the administration of my estate, the fiduciaries serving under this Will shall have the following powers, which may be exercised without leave of court, in addition to those powers as my said fiduciaries may have by law: : . 11 .J...- 0--.1 ' '):,,;'/ - 2 TLt1I(:f (a) To sell, exchange, grant options upon, or otherwise dispose of any property, real or personal, tangible or intangible, or mixed, or interests therein, wheresoever situate, at any time held by them, at public or private sale, for cash or upon credit, in such manner, to such persons, and at such price, terms and conditions as they may deem best, and no person dealing with them shall be bound to see to the application of any funds paid to them. (b) To distribute in cash or in kind, or partly in each, and in shares different in kind from other shares, upon any division or distribution of any property which they hold. (c) To make from time to time partial distributions in varying amounts to the beneficiaries hereunder prior to final settlement and distribution of my estate, an~ in connection therewith to determine in their discretion the time or times when such partial distributions may require recomputation of said beneficiaries' proportionate interests hereunder for the equitable allocation of income or on account of changing asset values pending final distribution. (d) In general, to exercise all powers in the management of the assets and property held by them which any individual could exercise in the management of similar property owned in his or her own right, u pan such terms and conditions as to them may seem best, and to execute and !ft}/ a:x.. 't '~I: J 3 'T~/6 deliver all instruments and to do all acts which they may deem necessary or proper to carry out such management and their duties under this Will. 5. I hereby appoint my children, THOMAS LEE GUINIV AN and ANN LENORE COVER, to serve together as executor of my estate hereunder. Should either of my said children be unwilling or unable, fail to qualify or cease to act as a co-executor, then the surviving child shall act alone as the executor of my estate. 6. My executors shall not be required in any jurisdiction to file, enter or post any bond or other security for the faithful performance of their duties hereunder, and shall not be liable for the acts, omissions or defaults of any agent appointed by them with due care. 7. I direct that all estate, inheritance, legacy, transfer, succession and death taxes, whatsoever nature or kind and by whatsoever jurisdiction imposed, and all interest and penalties that are on, which may be payable or assessed in the consequence of my death, whether or not with respect to the property passing under this Will, shall be paid out of and charged against the principal in my residuary estate in the same manner as are general administration expenses of my estate so that all property subject to such taxes shall pass free and clear thereof, without apportionment of or reimbursement for such taxes, interest or penalties among any beneficiaries, transferees or other persons interested in such property and without any right of any estate or executor to contribution, recovery or collection for the same. , I . ! j ~ I~ rsJ 4 TW(} On this 2.G;,~day of ~~u.~1- /1996/ THOMAS W. GUINIVAN declared to us, the undersigned, that the afore going instrument was his Last Will, and he requested us to act as witnesses to the same and to his signature thereon. He thereupon signed said Will in our presence, we being present at the same time. We now, at his request, in his presence, and in the presence of each of us, hereby subscribe our names as witnesses thereto and have placed our initials at the bottom of each of the preceding pages. By so doing, each of us declares that he or she believes this testatrix to be of sound mind and memory. I i, . r";, ~t. residing at _r~::x j))d! il-( ....'d residing at ;.)qrr,:; b<.c./""') I. " d. t' I, .,. ..- '" t: resi Ing a 1"",/'" y ,.......t''-...l..J....f\.....:.. ; :' 'J . " . J c'~~~q-~ ! j \ ; .'i / . x~ J" I~.( ~ \ <...' : '..' r.>~ J.;' ...A~..,,~ .''''.-'...~. Re.. "1 ~. ,. i . i''': COMMONWEALTH OF COUNTY OF {~a/{j bultu-JC( 85. I, THOMAS W. GUINIV AN, testator, whose name is subscribed to the attached foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed and executed such instrument as my Last Will, and that I signed and executed it willingly and as my free and voluntary act for the purposes therein expressed. Sworn or affirmed to and acknowledged before me, by THOMAS W. GUINIV AN, the testator, this J.~ 1k day of ~~ / 1996. ~.Yt. A~~rA~ THOMAS W. GUINIV AN (~ ~// '-' . /. I' ,,/ If _ ,.{~ .\ /-t t. {c;..l' ; / Not P lic My Commission Expires: --.----.., Notarial Seal ~ Nancy J. Turner'"Notal)' Public \ Worl1"lleysburg Boro, CumberJand county \ My Commission Expires Jan. 5, 1998 M".,.,hpr. P"'nr'~\lhl~.ni::1 Af...<;od<:':\ti0r: o~ Nc!::!i(~ COMMONWEALTH OF COUNTY OF CLfI/1 fti/il^Jll ss. I We,: ,.'l.F. {rt. lid /\ 1 ~~ C.. Y:A., '^:~,:./_l6,\ r..". ..'e' ,.','. ,_,: the witnesses whose names are signed to the attached foregoing instrument, being duly qualified according to law, do depose and say that we were present and saw THOMAS W. GUINIV AN, the testator, sign and execute such instrument as his Last Will; that such testator signed such instrument willingly and executed it as his free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of such testator signed such Last Will as a subscribing wih"less thereto; and that to the best of our knowledge, such testator was at that time 18 or Inore years of age, of sound mind and under no constraints or undue influence. ...-_._ Sworn or affirJ;t1ed to an~ subscribed before me by (~1 :. "j D, r (~r ~ ,.; i I; .~ II 1 . I . c.---........ "" \::A_{i.-;/I c. '-tt~I.,U.LI"'CJ.. I Witnesses, this A~\.I.') d- I 1996. /. ) .I;; , : 2~~ day of WITNFSSES: ./'. /)'1 :.,.1 I {,./UJ,i.l /, /-~. :._. . 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