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HomeMy WebLinkAbout09-11-08 (3)15056041147 REV-1 SOO EX (06-05) OFFICIAL USE ONLY PA Department of Revenue County Code near File Number Bureau of Individual Taxes INHERITANCE TAX RETURN Po Box.2sosol 2 1 0 7 0 4 51 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 189 18 7247 04 20 2007 05 30 1923 Decedent's Last Name Suffix Decedent's First Name MI RONEY JR WALTER O (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI RONEY T F 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 ^X 2. Supplemental Retum ^ 3. Remainder Retum (date of death prior to 12-13-82) 4. Limited Estate ^ 4a. Future Interest Canpromise ^ 5. Federal Estate Tax Retum Required (date of death after 12-12-82) i v I 8 Decedent Died Testate ^X ~• (A~~h Co a~of T~rusta Living Trust Q 8. Total Number of Safe Deposit Boxes ~J (Attach Copy of Will) py ) 9. Litigation Proceeds Received 10. Spousal Povertyy Credit (date of death 11. Election to tax under Sec. 9113(A) ^ ^ between 1231-81 and 1-1-95) (Attach Sch. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number GEORGE F. DOUGLAS III (717) 243 6222 Firm Name (If Applicable) SAIDIS, FLOWER & LINDSAY First line of address 26 WEST HIGH STREET Second line of address City or Post Office CARLISLE Correspondent's e-mail address: REGISTER W{LLS US~NLY ,._. -: ,~ ~, ~.:~ ~ _t ~ , r~ c i-r `~ ~ _ ,.. ~- t =~ °J _ , - - .. ~ ;~ ~ r :- ' l C. t '. -i ' UAT~rFILED rv - State ZIP Code ,~. ' ' ..._ C.^.. ~ 3 P A 17 013 c,a ~'~ Under penalties of perjury, I declare that 1 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. SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN DATE ~~ ~~ T. Faye Roney ~ l l ~ ~ ADDRESS J , 710 Gobin Drive, Carlisle, PA 17013 SIGNATURE OF PREPA R OTHER THAN REPRESENTATIVE DATE _ ~,~ ~~~~ ~_~ George F. Douglas III ~ ] ~ I ~ p~ ADDRESS - ~ 26 West High Street, Carlisle, PA 17013 Side 1 15056041147 15056041147 J 15056042148 REV-1500 EX Decedents Social Security Number o~~ae~c•5 Nam: W a I t e r O R o n e y J r 18 9 18 7 2 4 7 RECAPITULATION 1. Real Estate (Schedule A) .......................................................................................... 1. 2. Stocks and Bonds (Schedule B) ............................................................................... 2. 9 8 , 2 16.0 0 3. 4. 5. 6. 7. 8. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C).......... Mortgages & Notes Receivable (Schedule D) .......................................................... Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ................ Jointly Owned Property (Schedule F) ~ Separate Billing Requested ............. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) ~ Separate Billing Requested ............. Total Gross Assets (total Lines 1-7) ....................................................................... 3. 4. 5. 6. 7. 8. 8, 2 1 6. 0 0 9. Funeral Expenses & Administrative Costs (Schedule H) ......................................... 9. 2 , 4 5 5 . 0 0 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) ................................ 10. 11. Total Deductions (total Lines 9 & 10) ...................................................................... 11, 2 , 4 5 5 . 0 0 12• Net Value of Estate (Line 8 minus Line 11) ............................................................. 12. 9 5 , 7 6 1 . 0 0 13. Charitable and Governmental Bequests/Sec 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. 9 5 , 7 6 1 . 0 0 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 .00 3 1, 9 2 0. 3 5 15. 0. 0 0 16. Amount of Line 14 taxable at lineal rate X .045 6 3, 8 4 0. 6 5 16• 2, 8 7 2. 8 3 17. Amount of Line 14 taxable at sibling rate X .12 0. 0 0 17• 0. 0 0 18. Amount of Line 14 taxable at collateral rate X .15 0. 0 0 18• 0. 0 0 19. Tax Due ..................................................................................................................... 19. 2. 8 7 2 8 3 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. Side 2 L, 15056042148 15056042148 REV-1500 EX Page 3 Decedent's Complete Address: File Number 21-07-0451 DECEDENT'S NAME Walter O Roney Jr STREET ADDRESS -- - ---- 710 Gobin Drive CITY Carlisle STATE PA ZIP 17013 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) (1) 2,872.83 2. Credits/Payments - - A. Spousal Poverty Credit B. Prior Payments C. Discount 3. Total Credits (A + B + C) Interest/Penalty if applicable (2) p. Interest 13 4.0 3 E. Penalty Total Interest/Penalty (D + E) (3) 134.03 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (q) Check box on Page 2 Line 20 to request arefund -- ---- 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 3,006.86 A, Enter the interest on the tax due. _ (5A) - - --- B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (56) - -- --- . 3 ~ ~ 0 s . $ 6 Make Check Payable to: REGISTER OF WILLS, AGENT >~ib~, ~s~~~~i~~+.^~.'~`)~ ii. ,?~!~ ~ °`;"1~ «~~'K~~s~;~ ,fad' 3!~n.'"~!~.» PLEASE ANSWER THE FOLLOWING QUESTIONS BtY` PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred :.................................................................................. ^ ~ b. retain the right to designate who shall use the property transferred or its income :.................................... ^ i c. retain a reversionary interest; or ................................................ .. . ........ p: p ~ d. receive the promise for life of either payments, benefits or care .................. ............................................ ^ ^x 2. If death occurred after December 12, 1982, did decedent transfer roe 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?......... x ^ ^~ 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ...................................................................................................................... :~ ^1 IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN . . ~; £, . ,„ . 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. §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 p2 P.S. §9116 (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. §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. Rev-1503 EX+ (6.98) SCHEDULE B STOCKS & BONDS COti*.40NWEALTH OF PENNSYLVANIA I 1 INHERRANCE TAX RETURN III RESIDENT DECEDENT ESTATE OF FILE NUMBER Roney, Walter O Jr 21-07-0451 AN property joiMlyrowned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER CUSIP NUMBER DESCRIPTION UNIT VALUE VALUE AT DATE OF DEATH 1 1,200 shares of Carlisle Companies, Inc. -Additional 44.83 53,796.00 assest found 3/10/2008 2 1,000 shares of PPL Corp. 44.42 44,420.00 TOTAL (Also enter on Line 2, Recapitulation) 98,216.00 (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-1151 EX+02.99) SCHEDULE H FUNERAL EXPENSES & COMMONWEALTH OF PENNSYLVANIA IN RESIDEt TEDE EC DENTRN ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Roney, Walter O Jr 21-07-0451 Debts of decedent must be reported on Schedule 1. ITEM DESCRIPTION AMOUNT NUMBER A, FUNERAL EXPENSES: B. ADMINISTRATIVE COSTS: 1, Personal Representative's Commissions Social Security Number(s) / EIN Number of Personal Representative(s): Street Address City State Zip Year(s) Commission paid 2. Attorneys Fees Saidis, Flower & Lindsay 2,455.00 3. Family Exemption: (If decedents address is not the same as claimant's, attach explanation) Claimant T Faye Roney Street Address 710 Gobin Drive city Carlisle state PA zip 17013 Relationship of Claimant to Decedent SpOUSe 4. I Probate Fees 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. I Other Administrative Costs TOTAL (Also enter on line 9, Recapitulation) I 2,455.00 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) REV-1513 EX+ (8-0O) SCHEDULE J COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF j FILE NUMBER Roney, Walter O Jr 21-07-04 51 NAME AND ADDRESS OF RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE NUMBER PERSON(S) RECEIVING PROPERTY DECEDENT (Words) ($$$) Do Not List Trustee s I~ TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116(a)(1.2)] See attached schedule Total 95,761.00 Enter dollar amounts for distributions shown above on lines 1 5 through 18, as appropr iate, on Rev 1500 cove r sheet III 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 II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET f 0.00 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule J (Rev. 6-98) Schedule J Beneficiaries Estate of Walter O. Roney, Jr. County Code 21 Year 07 File Number 0451 Beneficiaries T. Faye Roney 710 Gobin Drive Carlisle, PA 17013 Curtis A. Roney 800 West Keller Street Mechanicsburg, PA 17055 Sharon R. Myers 8850 Stonebrook Lane Columbia, MD 21046 Relationship Share of Estate Amount of Estate Spouse One Third (1/3) Son One Third (1/3) Daughter One Third (1/3) Total $31,920.35 31,920.33 31,920.32 $95,761.00 1,AST I~I.~,.,~ .~iND TE~7`A.~{~ENT QF LT7AL?'.ER a. ,R aNEY, JR. I. WALTER fJ. FtUNEY, JR., of Carlisle, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby make, publish and declare this as and for my Last Will and Testament, hereby revoking all other Wills and Codicils heretofore made by me. FIRST I direct the payment of my just debts and expenses of my last illness and funeral, from my estate as soon after my death as conveniently may be done. Ifi fhere be no cemetery lot available for my interment owned by me at the time of my death, I authorize my personal representative to purchase such cemetery lot with a ar~ntract for perpetual care, using therefor funds from my estate in such amount as he shill consider necessary and desirable, and I authorize my personal representative to cau~~ title to or .~ _ ownership of such lot so purchased to be vested in such person as rr~y ~ personal representative shall designate. Further, !authorize my personal representative to expend funds from ~:trty estate, in such amount as my personal representative shall consider necessary and desirable far the purchase, erection and inscription of a suitable marker for my grave. ~~~~~ ~~~ SECUIVD I give, devise and bequeath ali the rest, residue and remainder of my estate to my beloved wife, T_ FAYE a0-NEY, absolutely, and in fee simple if she survives me by thirty (30) days. 7'NIRD in the event that my wife predeceases me or fai!$ to survive me by thirty X30) days, I give, devise and bequeath my residuary estate tQ my daughter, SHARQN R. NtYEFtS, my son, GURTIS A. RC}NEY, and my stepson, SHAWN WEYI,~ND, in equal shares, per stirpes. Fou,~rH !n addition to the powers conferred by law, ! authorize any persona representative, trustee or guardian acting under this instrument, in hislher absoiute discretion: (a) To retain in the form received, or to Belt either at public or private sale any real or personal property; (b) To exercise any options to subscribe for stocks, borlcs, ar other investments. (c) Ta join in any plan of lease, mortgage, consniidatian,_exchonge, reorganization or foreclosure of any corporation in which my estate QT any trust may hold stocks, bonds or other securities; ~~ o 2 (d) To sell, transfer, convey, mortgage, pledge, lease ar exchange any prdperty> real or personal, which at any time may form part of my estate, far the payment of debts r~r taxes, ar For any purpose of administration ar distribution, for such prices and upon such terms as they, in their sole discretion, may deem wise, and to execute and deliver deeds of conveyance or transfer thereof; {e) To make settlements and compromises on such terms as they, ira their sale discretion may deem wise without the necessity of obtaining any court approval thereof; (f) Tn make distribution hereunder either in cash ar kind:;: as they, in their discretion may deem wise. FJFTH I do hereby nominate, constitute and appoint my wife, T. FAY RON`EY, to serve as Executrix of this my Last Will and Testament. Provided, however, that if she is unwilling or unable to serve as Executrix, 1 direct the duties of Alternate =Executor be pertormed by my stepson, SHAWN 1NEYAND, of Mechanicsburg, Pennsyi~rania SIXTH I direct that no personal representative, guardian, trustee ar other fiduciary appointed under this instrument shall be required to give band for the faithful performance of his or her duties in any jurisdiction- . ~~}. G7 'i ,~ 3 tN WITNESS 1NHERE~7~, 1, WAt.TI`R U. RUNEY, JR., have hereunto set my hand and sea! to this my 1`ast WiII and Testament, consisting of five {5} typewritten pages, the first three (3) of which hear my signature in the margin far identification, this ~ ~ ~~~ day of .~anuary, 2D07. J ~ ~. / ~G~i k,,, ~ ~ 2' . ~ ~ ~ V11alter Q. Rone , Jr., Testator Signed, sealed, published and declared by the abr~ve~named Testate, WALTER O. RONEY, JR., as and far his Last 1Nitl and Testament in the presence of us, who have hereunto subscribed our names at his request as witnesses thereto, in the presence of said Testator and of each Qther. ~~ ADDRESS Z-L ~~, 1~L ~ ~~ ~C ~---~" ADDRESS : ~~• ~~~A x.. ~. ~ _._. COMMC?NWEALTM OF PENNSYLVANIA COUNTY t]F GuMBERLAND ss. WE, WALTER tJ. RC~'NEY, JR-, . ~~~ an ~ ~~2/~ r~~ and the Testator and witnesses, respectively ose names are signed tQ the foregoing or attached- instrument, being first duly s n, do hereby declare to the undersigned authority that the Testator signed and executed the instrument as his Last Will and Testament and that he signed willingly and that he execufied as his free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testator signed the WiN as witness and that to the best of their knowledge the Testator was at the time 18 or more years of age, of sound mind and under no constraint or undue influence. Sworn or affirmed to and subscribed to ~ ~ ~ ~ day of January, 2007_ ~~~ v Walter O. Ron y, Jr., Testator ~~ L. -~. Wit ess Witness Subscribed, sworn to and acknowledged before me by Vlta!_TEI~~ Cl. RONEY, JR., the Testator, and subscrbed to and sworn ar affirmed to before me by and witnesses, this ~~'~- day of January, 2x07. ~1ot Public NOTARiAI SFAL - MERLE#JE J. MARHEVKA NOTARY PUBLiC OARLISL!» OU~IBI=RLA~VD Ct?~1#~TY, PA MY CONiNiI>aSIpN IXPIRES Jll~(~`:8; 201a S ~'`a>, THE REVOCABLE LIVING TRUST OF WALTER O. RONEY, JR. THIS TRUST AGREEMENT, made this,;rJ~~ day of 1992, by and between WALTER O. RONEY, JR., a single man, pr - sently residing at 7501 N. W. 58th Court, in the City of Tamarac, Count of Broward, State of Florida hereinafter called the, "Grantor"", "!P.rimary Trustee" and "Primary Beneficiary") and Grantor'-s Son, CURTIS A. RONEY, and Grantor's Daughter, 'SHARON R. MYERS, .and .Grantor's Step=Son, ROY GREEGOR., JR. and Grantor '.s Trusted and .Beloved Friend, THELMA F. WEYAND a/k/a T. FAME WEYAND, (hereinafter called ":Successor Beneficiaries"), and Grantor"'s Son, CURThS A. RONEY, and Grantor's Daughter, SHARON R. MYERS and Grantor's Trusted and Beloved Friend., TAELMA F. WEYAND a/k/a T. FAYE WEYAND, (hereinafter called ".Joint Co-Successor Trustees" to serve simultaneously, or whichever of them that shall so survive, shall continue to serve); and any and all Successor Trustees are to serve free of fee and free of bond;. and WHEREAS, the Grantor, desiring to create a Trust for the benefit of the Primary Beneficiary hereinafter set forth, does hereby assign, transfer, convey and deliver to the Primary: Trustee the property described in the Schedule attached hereto and made a part hereof; and WHEREAS, additional funds, securities, life insurance payable to the Trustees, and other. property, may be transferred by the Grantor or any other person, by Will or otherwise, from time to time, to the Trustees as additions to the Trust, and all such further funds, securities, life insurance and other property shall be dealt with by the Trustees pursuant to the terms hereof, provided that all such additions shall be such as are acceptable to the Trustees. A description of such additional funds, securi- ties, life insurance and other property shall be attached hereto; by appropriate schedules. First of Eight Pages f!'C! ~'ci NOW, THEREFORE, ZT I5 AGREED by .,and between the parties hereto as follows: ,FIRST: The Primary Trustee shall, after ;paying thel necessary expenses of the management and preservation of the Trust property, pay the entire net income of the-Trust in reason- ! able installments, to or for the Primary Beneficiary during his' entire hifetime., together with such amounts 'of the Trust prin- `' cipal as the Primary Beneficiary may withdraw from time to time- The Primary Trustee shall have complete authority ,and ,power with respect to administration of the TRUST during Trustee's lifetime, and ,shall be able to act independently with respect thereto including but not limited to the ability to .withdraw funds or sign instruments or otherwise effect :the-TRUST corpus or income. If, due to physical or mental incapacity, the Primary Trustee, is in the opinion of a duly licensed medical doctor,l unable to .administer such income or to exercise his right toff withdraw principal, the Successor Trustees, shall, from time to time, distribute to or expend on behalf of the incapable Primary Beneficiary to the "Beneficiary" andfor "Beneficiaries", and those dependent upon him, the income .and sufficient .principal which, together with funds known to the Successor Trustees to be available from other sources for such purposes, will, in the sole discretion of the Successor Trustees, and consistent with. th value of the Trust, maintain Incapacitated "Beneficiary" an those dependent upon him as nearly as possible in the mode o living to which he and they were accustomed prior to his becomin incapacitated. If the Primary Trustee shall become ineapaci toted, as hereinafter discussed, then the Successor Trustee; shall have the same powers as the Primary Trustee had, witl respect to the administration of the Trust. SECOND:- Upon the death of the Grantor ("Primary Trustee" and "Primary Beneficiary"), the Successor Trustee: shall hold, administer and dispose of the Trust Property a; follows: Second of Eight Pages •(~./~,.' (A) The first fiwenty-Five Thousand {$25,000.00) Dollars of any and all Trust Property, of whatsoever kind and nature, anel wheresoever situate, -shall go outright and .immediately to Successor Beneficiary, RDY GREEGOR, JR. (Grantor's Step-Son}, per capita and not per stirpes., providing he survive Grantor; and (B) All of the rest, residue and remainder of Grantor's Trust Property; "both real and personal, `of whatsoever 'k'ind and nature, .and wheresoever situate, -shall go outright and imme~ diately, in three (3) equal one-third {1/3rd) shares as follows: (1) One-Third .(1/3rd) of all of the Trust Propert shall go to Successor Beneficiary, THELMA F. WEYAND a/k/a T. FAME WEYAND, (Grantor's Trusted and Beloved Friend), per capita an not per stirpes; providing she survive Grantor; and (2) One-Third (1/3rd) of all of the Trust Propert shall go to Successor Beneficiary, CURTIS A. RONEY, (Grantor's Son), per stirpes and not per capita; and (3) One-Third (1/3rd) ,of all of the Trust Propert shall go to Successor Beneficiary, SFIARON R. MYERS, (Grantor's Daughter), per stirpes and not per capita. (C) If, .however, at the death of Grantor, any ndivi- dual taking hereunder is under the age of eighteen (18) years, then and in that event, said individual's share shall be held in Trust by Successor Trustees, in accordance With Paragraph Sixt until such time as said individual attains the age of eightee (18) years, at which time said Trust is to be terminated, an said individual's share is to be remitted outright, completel and immediately, and free of Trust. THIRD: Notwithstanding anything to the contrary, th Trust created hereunder shall terminate not later than twenty-on (21) years after the death of the last to die, of those benefi ciaries who were living on the date on which this instrumen shall become irrevocable. At the end of such period all suc: Trusts shall terminate and the Trustees shall distribute th undistributed income and principal of such Trusts to the Curren income beneficiaries who are then or would have been entit d t. Third of Eight Pages Q -L,, receive the income from said Trust .and in the same proportions as they :are or would have been entitled to such income, and if the proportions are not specified, in equal shares to :such benefi-_ ciaries, absolute and free of Trust. FOURTH: 'The Primary Trustee first, and after them the 5uccessor'Trustees are hereby vested with full and complete title to a'll of the property embraced"'wi.thin the Trust hereof', "both as °`°` to principal :and income therefrom, subject only to the execution of the Trust hereof; and .further, neither the principal nor the income of the Trust Property shall be liable for the debts of any beneficiary hereof, nor shall the same be subjact to seizure by any :creditor of any beneficiary under any writ or proceeding at law or in equity, and no beneficiary hereunder shall have an power to sell, assign, transfer, encumber, or in any other manner anticipate or dispose of his or her interest in the Trust Property or the income produced hereby. FIFTH: During the lifetime of Primary Beneficiary o until the provisions of Article Fourth hereinabove set fort shall become operative, the Successor Trustees shall not exercis any powers with respect to the sale, retention, investment o reinvestment of the Trust Property except in accordance wit Grantor's written instructions, and the Successor Trustees shal have no responsibility or liability to any person who may now o may hereafter claim an interest in the Trust Property for any ac done pursuant to such written instructions. The Successo Trustees specifically shall have no duty to inquire into th exercise of any such powers reserved by Grantor with respect t the sale, retention, investment or reinvestment of the Trus Property, the responsibility for the exercise or failure to exec cise such powers being Grantor's alone; provided, further however, that the power herein reserved by Grantor and Primar Trustee with respect to the investment of the Trust Propert shall be deemed a personal power exercisable by Grantor an Primary Trustee in his sole, absolute and unrestricted discre tion, and in the same manner as if the property subject to rsuc: Fourth of Eight Pages ~. ~-.~ r power were held by Grantor outright and free of Trust; and pro- vided, further, that any person or corporation, including.' transfer agents dealing with the Primary Trustee, or subsequently .the Successor Trustees -shall be required to inquire as to Grantor's competency or as to such instructions, but may conclu-' sively presume the existence or occurrence of facts supporting any action of the Primary Trustee and Successor Trustees.. Grantor specifically authorizes Primary Trustee .and Successor` Trustees to hold and retain any property .delivered to them by' Grantor, or subsequently acquired by them .pursuant to Grantor's' written instructions, notwithstanding any lack of diversification` in the investment of such property or any disproportionate in- vestment thereof in common stocks or other .equities, and the Primary Trustee and Successor Trustees shall not be liable for any loss or .depreciation occasioned by such retention. Primary Trustee and .Successor Trustees are further authorized and empowered to retain uninvested any and all cash which Grantor or otYzers may pay over to him and/or her, or either of them, and shall have no liability for any loss of income thereon. SIXTH: The Grantor hereby grants to the Primary Trustee .and Successor Trustees with respect to each Trust created hereunder, in addition to those powers conferred by law, the following powers to be exercised with authority from any Court, in dealing with any and aII property, real or personal forming a j part of any Trust created hereunder including property held for minors; to retain such property for as long as the Primary Trustee or Successor Trustees may deem advisable, to abandon such property or to sell such property for cash or credit at public or private sale or to grant options, to lease property regardless of the fact that the term of any such lease may extend beyond the term of any Trust created hereunder, to distribute such property in cash or in kind or both and to value such property to the extent permitted by law, to invest in any property regardless of whether authorized by law for investment of Trust funds, to borrow money from any lender (including the Primary Trustee_ar i Fifth of Eight Pages j ,-,,. Successor Trustees, to settle claims, and to do all act although not specifically listed herein deemed necessary an advisable for the proper management, investment and distributio of such property. .SEVENTH: The Grantor shall have the power at any ti during his lifetime, except by one who :may be adjudged mentall incompetent by anyone having authority to make said determine` -"° tion, by :an instrument in writing delivered to the 5uccesso Trustees to modify, alter., amend or revoke this Agreement, 1 whole or in par , and to change 'the beneficiaries thereof, and t withdraw any part or all of the principal of this Trust Property,, and the Successor Trustees, shall be entitled to rely upon such instrument without liability to any beneficiary; provided, however, that the duties and responsibilities of the Successor Trustees hereunder shall not be substantially increases without his consent. The powers reserved hereby to the Grantor shall not be exercisable by a guardian or by any other person. EIGHTH: The Successor Trustees may resign the Trust hereof effective thirty (30) days after written notice of inten tion to do so, given personally or by registered mail to th Grantor, or if the Grantor shall not then be living, to the bene ficiaries then entitled to the income of said Trust, or to thei legal representatives. Any alternate or other Successor Trustee appointed by the Grantor, or by a Court of competent jurisdic tion, shall succeed to all of the duties, and to alI of th powers, including discretionary powers, herein granted to Successor Trustees. NINTH: The Successor Trustees are empowered to incur and pay from the Trust Property all reasonable expenses in con nection with the .management, preservation and administration o the Trust hereof, including reasonable compensation for the ser vices of the Successor Trustees and including the fees an charges of such agents, attorneys or accountants as the 5uccesso Trustees may, in the exercise of their discretion, employ in th administration of the Trusts hereunder. ~( Sixth of Eight Pages ~; i Z 4 TENTH.: In the case ,of incapacity of Grantor, the. Successor Trustees shall render at least annually, a .statement of properties in the Trust and of receipts and disbursements during the ,period covered to the Grantor during his 'lifetime, if there are assets in this Trust other than beneficiary designations under life insurance policies and/or nominal amounts of cash. After the"-death of the Primary ''Trus'tee, the Successor Trustees' shall render such statement o.f ;account at least annually to-each of the adult and otherwi e legally competent beneficiaries (and to the natural or legal guardian, if .any, of each minor or other- wise legally incompetent beneficiary) then receiving or entitled to receive income from any of .the Trusts hereunder. The Successor Trustees, at their sole option, may, at any time, secure the written approval of the Grantor or the aforesaid income benefi- ciaries to any of their accounts so rendered and such approval shall be final, binding and conclusive as to all matters con- tained in such account upon all persons (whether in being or not) then or thereafter interested in the income and/or principal of the Trust. The .Successor Trustees may also, at any time, at their option., secure "Approval Of An Account" of their affairs, by a Court of competent jurisdiction. The books of account of the Successor Trustees shall, at all reasonable times, be open to the reasonable inspection of the Grantor and/or the aforesaid income beneficiaries and such other person or persons as they may designate for that purpose. ELEVENTH: Wherever in this Agreement words, including pronouns, are used in the masculine, they shall be read and construed in the feminine or neuter whenever they would so apply, and wherever in this Agreement the words "Personal Representa- tive" or "Trustee" and other words, including pronouns are used in the singular or plural they shall be read and construed in the plural or singular, respectively, wherever they would so apply. Further, when the word "Trustee" is used, Successor Trustee ma be construed in its place if each would carry out the intent of Grantors more accurately. Seventh of Eight Pages ~~ ~``, TWELFTH: This Agreement has been delivered in thes?State of Florida. The laws o£ .the -state ,of Florida shall govern the validity, interpretation and .administration thereof, notwith- standing the residence in :another jurisdiction of the Grantor or of any beneficiary hereunder. TN WITNESS WHEREOF, the said WALTER 0. RONEY, ~R.., as . ,:,.~.~ "Grantor"; "Primary Trustee"~ and "Pr.mary Beneficiary"' has'~ere= unto set his hand and seal, and has caused these presents to be executed :and duly witnessed on the day and :year first above°~writ- ten. s 0 . RONEY, ~~R . , Witness STATE OF FLORIDA ) ss: COUNTY OF BROWARD BEFORE ME, pers6ral'ly appeared WALTER O. RONEY, JR., t me well known and known to me to be the person described in an who executed the foregoing instrument, and he acknowledged to an I before me that he executed said instrument for the purpose therein expressed. WITNESS my hand and official seal, this !~~`"day o , 1992. N9TARY PUBLIC, State cJf Flor My Commission Expire NOTARY PUBLIC, STATE OF FLORIDA, MY COMMISSION.EXPIRE5:JUNE 19, 1899. a1NNpCG TNRV NOTARY PUBL,6 UNOERW RtTERH] Eighth of Eight Pages THE -REUOCABL`E L'IV.ING :TRUST OF WALTER O.:RONEX., ~R. SCHEDULE OF TRUST ASSETS (A} Bank Accounts: ,, . ,. - _ FARMERS TRUST - Acaount~Number... "5" 48T0~7 '' NCNB -.Account Numbers: 3705083376 ari;d .35069:94782 {B) Securities: CARLISLE COMPANIES TNCORPC?RATED _ .. DELMARVA POWER AND LIGHT CO. bETROIT"EDI'SON CO. FINANGIAL'TRUST CORP. FISHER PRICE, INC. MAYTAG CORP. PENNSYLVANIA POWER AND LIGHT CO. QUAKER OATS CO. SOUTHERN CO. CHRYSLER BONDS -~~~ ~ ~- ALTER O. RONEY, J ., ~ S~U~B-~S I,BED be re me this 1~ day of 1992. ~~ , ~T{STARY PUBLIC, Sta£~e of Florida My Commission Expires NOTARY PNOL10, STATE DF FLOflIDA. B NGOO THIRD NoTAER PP~BLIO YNOCRWRIT<R4}~ Historical prices for CSL (Carlisle Companies, Inc.) -Google Finance Page 1 of 1 Web Images Maps News Shopping. Gmail more . Portfolios I Sign_In Get quotes Stock screener e.g. "CSCO" or "Google" Historical prices « Back_to_overvew Carlisle Companies, Inc.(NYSE:CSL) - Daily ~ Weekly Apr 20, 2007.,., -Apr 20, 2007 , Update Download to... spreadsheet Date Open High Low Close Volume ~ ~~ ~~ ~J 20-Apr-07 44.75 45.12 44.53 44.66 225,900 ~ 19-Apr-07 44.25 44.58 43.72 44.37 174,100 International Google Finance: Canada - U.K. - ~ ~~ (China} Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and may be delayed. To see all exchange delays, please see disclaimer. ©2008 Google Googie Home -Help - Privac~Policy -Terms of Service http://finance.eoosle.com/finance/h;ctnr;~at~~.;~=55n~~~ra,-+,~~+o-nno~~~~r,o~~~~~~~o____~~_~_ ~.~,,. --•-~•---- Historical prices for PPL (PPL Corporation) -Google Finance Web Images Maps News Shopping. Gmail more . Page 1 of 1 Portfolio. I $ign In Get quotes Stock screener __ _ e.g. "C5C0" or "Google" Historical prices « Back to_overyiew PPL Corporation(NYSE:PPL) - Daily ~ Weekyy Apr 20, 2007 -Apr 20, 2007 Update Download to_spreadsheet Date Open High Low Close Volume 20-Apr-07 44.63 44.75 44.09 44.50 2,920,700 ,{L. ~ ~ 19-Apr-07 44.88 44.88 43.94 44.06 1,527,700 ' r . ' '" International Google Finance: Canada - U.K. - ~ ~I~ (China) Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and may be delayed. To see all exchange delays, please see disclaimer. ©2008 Google Google Home -Help - Privac~Policy -Terms of Service http://finance.google.com/finance/historical?cid=2694$&startdate=04%2F20%2F2007&enddate=~4%,_ 9/1 n/~nnR