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HomeMy WebLinkAbout03-0676August 13, 2003 Register of Wills Cumberland County Courthouse One Courthouse Square Carlisle, PA 17103-3387 RE: CLYDE E. SWITZER SOCIAL SECURITY NO. Dear Sir or Madam: Enclosed for filing with your office is one (1) completed Form REV-1500, in duplicate, together with the following attachments for the above decedent: 1. FilingFee ($10.00) 2. Check for Tax Due ($315.00) 3. Copy of the Living Trust of Clyde E. Switzer; and 4. Copy of Federal Estate Tax Return for Estate of Clyde E. Switzer One (1) additional photocopy o f the completed form REV- 1500 (page 1) has been provided. Please time/date stamp this copy as received and return it to me in the envelope provided. If you do not require the enclosed death certificate or photocopy of the Federal Estate Tax Return, I respectfully request that they be returned to my office. If there are any questions or further requirements regarding this return, please do not hesitate to contact me. Enclosures Sincerely, Susan E. Lederer, Esquire 4811Jonestown Road · Suite 226 · Harrisburg, PA 17109 ° Phone 717.652.7323 ° Fax 717.652.7340 · susan@ledererlaw.com www.ledererlaw.com REV-1500 INHERITANCE TAX RETURN COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 IFI'LE NUMBER COU&IcoDE RESIDENT DECEDENT o3 ~ ~o YEAR NUMBER DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER i Switzer, Clyde E. 234-32-8720 DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR) THIS RETURN MUST BE FILED IN DUPLICATE WITH THE l 1/26/2002 11/05/1925 REGISTER OF WILLS IF APPLICABLE) SURVIVING SPOUSE'S NAME ( LAST, FIRST AND MIDDLE INITIAL) Switzer, Nancy K. [] 1. Original Retum [] 2. Supplemental Retum SOCIAL SECURITY NUMBER [~] 3. Remainder Return (date of death prior to 12-13-82) ] 4, Limited Estate [] 4a, Future Interest Compromise (date of death after 12-12-82) [] 5. Federal Estate Tax Return Required [] 6. Decedent Died Testate (Attach copy [] 7. Decedent Maintained a Living Trust (Attach I 8, Total Number of Safe Deposit Boxes of Will) copy of Trust) -- [] 9. Litigation Proceeds Received [] 10. Spousal Poverty Credit (date of death between [] 11.Election to tax under Sec. 9113(A) (Attach Sch O) 12-31-91 and 1-1-95) qAME Susan E. Lederer =IRM NAME (If applicable) Law Offices of Susan E. Lederer r'ELEPHONE NUMBER 717/652-7323 COMPLETE MAILING ADDRESS 4811 Jonestown Rd. Suite 226 ,-3 C'i .~ Harrisburg, PA 17109~ ~ ~ .-' ~..' 1. Real Estate (Schedule A) (1) 2. Stocks and Bonds (Schedule B) (2) 3. Closely Held Corporation, Partnership or Sole-Proprietorship (3) 4. Mortgages & Notes Receivable (Schedule D) (4) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) (5) 6. Jointly Owned Property (Schedule F) (6) [] Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) 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) 12. Net Value of Estate (Line 8 minus Line 11) None None None None None None 2,167,246.16 6,453.20 33.33 13. Charitable and Governmental Bequests/Sec 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) (8) 2,167,246.16 6,486.53 2,160,759.63 2,034,292.63 126,467.00 (11) (42) (13) (14) SEE IN$¥RUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, I ] 9,4 6 7.0 0 or transfers under Sec. 9116(a)(1.2) x .00 (15) 0.00 315.00 315.00 16.Amount of Line 14 taxable at lineal rate 7,000.00 x .045 (16) 17. Amount of Line 14 taxable at sibling rate 18. Amount of Line 14 taxable at collateral rate 19. Tax Due :PO. [] x .12 (17) x .15 (16) (19) Copyright 2000 form software only The Lackner Group, Inc. Form REV~1600 EX (Rev. 6-00) Decedent's Complete Address: , t STREET ADDRESS CITY 492 Woodcrest Drive Mechanicsburg Tax Payments and Credits: 1. Tax Due (Page I Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Pdor Payments C. Discount STATE PA ~P 17050 (1) Total Credits (A + B + C) (2) 315.00 0.00 3. Interest/Penaltyif applicable D. Interest E. Penalty Total Interest/Penalty (D + E) (3) 0.00 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (4) Check box on Page 1 Line 20 to request a refund 5. If Line I + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 3 15.00 A. Enter the interest on the tax due. (5A} B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) 3 ]. 5 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred; .................................................................................. 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? ....................................................................................................................... [] [] 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? ......... [] [] 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ...................................................................................................................... [] [] IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Under penalties of perjury, 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. SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN ADDRESS Nancy Switzer ~ SIGNATURE OF PERSON RESP~SIBLE F(~R FILING RET.,U~ ADDRESS v SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE ADDRESS Susan E. Lederer 492 Woodcrest Drive Mechanicsburg, PA 17050 4811 Jonestown Rd. Suite 226 Harrisburg, PA 17109 DATE DATE DATE 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 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 0% [72 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 0% [72 P.S. §9116 (a) (1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. §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 12% [72 P.S. §9116 (a) (1.3)]. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY ESTATE OF Switzer, Clyde E. FILE NUMBER 21 - 03 - This schedule must be completed and filed if the answer to any of questions I throut ITEM DESCRIPTION OF PROPERTY DATE OF DEATH % OF I I Include the name of the transferee, their relationship to decedent and the date of transfer.VALUE OF ASSET DECD'S EXCLUSION TAXABLE VALUE NUMBER Attach · copy of the 0ced for rea} estate. INTEREST (IF APPLICABLE) 1 $10,000 gift to $oanne Switzer, daughter in May 2002, from 10,000.00 100% 3,000.00 7,000.00 Merrill Lynch Account Number 872-46670, titled to Clyde E. Switzer Living Trust 2 MBNA Money Market Account # 570145813, titled to the 48,043.92 100% 48,043.92 Clyde E. Switzer Living Trust (accrued interest: $11.21) 3 MBNA Certificate of Deposit Account # 400695593, titled 51,282.97 100% 51,282.97 to the Clyde E. Switzer Living Trust (accrued interest: $138.34) 4 M&T Bank Checking Account # 527688, titled to the Clyde 2,014.47 100% 2,014.47 E. Switzer Living Trust (accrued interest: $0.21) 5 Charles Schwab IRA Rollover account #: 8663-9025, titled 119,467.00 100% 119,467.00 to Clyde E. Switzer, Nancy K. Switzer, beneficiary (accrued interest: $1044.41) 6 1000 shares Merrill Lynch & Company Set A Pfd, held in 28,125.00 100% 28,125.00 Merrill Ly~nch account number 872-.46670, titled to th~ 7 400 shares NB Capital Corp Pfd Ser A, held in Merrill 10,624.0£ 100% 10,624.00 Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust ($26.560/sh) 8 400 shares Conseco Financing Tr V Pfd, held in Merrill 104.00 100% 104.00 Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust ($0.260/sh) 9 20000 shares Cumberland Cnty PA Mun Auth 6.00% 20,592.33 100% 20,592.33 12/01/17, held in Merrill Lynch account number 872-46670 titled to the Clyde E. Switzer Living Trust (Price: $100.0450) (accrued interest: $583.33) 10 20000 shares Pennsylvania St Higher Edl Facs 5.00% 20,285.9~ 100% 20,285.98 4/01/21, held in Merrill Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust (Price: $100.6660) (accrued interest: $152.78) Total of Continuation Schedule(s) 1,859,706.49 TOTAL (Also enter on line 7, Recapitulation) 2,167,246.16 COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY continued ESTATE OF Switzer, Clyde E. FILE NUMBER 21 - 03 - This schedule must be completed and filed if the answer to any of questions 1 throuc I DESCRIPTION OF PROPERTY i I ITEM DATE OF DEATI- % OF Include the name of the transferee, their relationship to decedent and the date of transfer. EXCLUSION NUMBER Attach a copy of the deed for real estate. VALUE OF ASSET DECD'S TAXABLE VALUE (IF APPLICABLE) INTEREST 11 20000 shares Pennsylvania St Higher Edl Facs 5.75% 20,904.19 100% 20,904.19 1/01/17, held in Merrill Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust (Price: $102.2050) (accrued interest: $463.19) 12 20000 shares Montgomery Cnty PA Higher Ed 6.00% 19,936.93 100% 19,936.93 1/01/13, held in Merrill Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust (Price: $97.2680) (accrued interest: $483.33) 13 20000 shares Pennsylvania St 5.00% 6/01/13, held in 21,682.91 100% 21,682.91 Merrill Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust (Price: $105.9840) (accured interest: $486.11) 14 15000 shares Pennsylvania St 5.00% 6/01/16, held in 15,947.78 100% 15,947.78 Merrill Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust (Price: $103.8880) (accured interest: $364.58) 15 10000 shares South Fork Mun Auth PA 5.00% 7/01/06, held 10,995.29 100% 10,995.29 in Merrill Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust (Price: $107.9390) (accrued interest: $201.39) 16 20000 shares Monessen PA SD 4.80% 9/01/12, held in 21,030.27 100% 21,030.27 Merrill Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust (Price: $104.0180) (accured interest: $226.67) 17 20000 shares Philadelphia PA Gas Wks Rev 5.00% 7/01/14, 21,212.98 100% 21,212.98 held in Merrill Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust (Price: $104.0510) (accured interest: $402.78) 18 20000 shares Erie Cnty PA Hosp Auth 5.55% 8/15/11, held 21,659.42 100% 21,659.42 in Merrill Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust (Price: $106.7400) (accrued ~nterest: $311.42) Page 2 of Schedule G COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY continued ESTATE OF FILE NUMBER Switzer, Clyde E. 21 - 03 - This schedule must be completed and filed if the answer to an, uestions , .................................. x '-" '-I"~oL,'-',,~, ~ mrvu~n ,~ on page z IS yes. ITEM DESCRIPTION OF PROPER ~'P~' I I I I NUMBER Include the name of the transferee, their relationship to decedent and the date of transfer, DATE OF DEATH % OF Attach a copy of the deed for real estate. VALUE OF ASSET DECD'S EXCLUSION TAXABLE VALUE INTEREST 0F APPLICABLE 19 20000 shares Bradford Cnty PA Indl Dev 5.90% 12/01/19, 20,299.21 100% 20,299.21 held in Merrill Lynch account number 872d46670, titled to the Clyde E. Switzer Living Trust (Price: $98.6280) (accrued interest: $573.61) 20 15000 shares Pittsburgh PA Urban Redev Auth 5.95% 15,575.70 100% 15,575.70 10/01/29, held in Merrill Lynch account number 872-46670 titled to the Clyde E. Switzer Living Trust (Price: $103.2320) (accrued interest: $90.90) 21 25000 shares Central Dauphin PA SD 4.625% 12/01/17, 25,672.57 100% 25,672.57 held in Merrill Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust (Price: $100.4420) (accrued interest: $562.07) 22 20000 shares Philadelphia PA Hosp & Higher Ed 6.50% 19,882.52 100% 19,882.52 11/15/22, held in Merrill Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust (Price: $99.2140) (accrued interest: $39.72) 23 10000 shares McGuffey SD PA 4.75% 8/01/19, held in 10,165.94 100% 10,165.94 Merrill Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust (Price: $100.1420) (accrued Interest: $151.74) 24 30000 shares Philadelphia PA Wtr & Waste 5.25% 6/15/23, 30,938.38 100% 30,938.38 held in Merrill Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust (Price: $100.7800) (accrued interest: $704.38) 25 25000 shares Scranton PA SD 5.00% 4/01/31, held in 24,901.72 100% 24,901.72 Merrill Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust (Price: $98.8430) (accrued interest: $190.97) 26 25000 shares Southeastern PA Transn Auth 5.25% 3/01/18, 26,455.15 100% 26,455.15 held in Merrill Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust (Price: $104.5810) (accrued interest: $309.90) Page 3 of Schedule G COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY continued ESTATE OF Switzer, Clyde E. FILE NUMBER 21 - 03 - This schedule must be completed and filed if the answer to an~ uestions I thro~ J ' ......................... I ~' ~'1~'~'''n"'''''tll~''n I I, IIIMI, I~II vt I.tll [J~-,Ig~ .~ IS y~s. ITEM DESCRIPTION OF PROPERTY I I I I NUMBER Include the name of the transferee, their relationship to decedent and the date of transfer. DATE OF DEATH % OF Attach a copy of the deed for real estate. VALUE OF ASSET DECD'S EXCLUSION ' TAXABLE VALUE (IF APPLICABLE INTEREST 27 20000 shares Erie Cnty PA Hosp Auth 6.00% 8/15/29, held 21,628.67 100% 21,628.67 in Merrill Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust (Price: $106.4600) (accrued interest: $336.67) 28 20000 shares Allegheny Cnty PA Hosp Dev 5.125% 20,815.86 100% 20,815.86 12/01/18, held in Merrill Lynch account number 872-46670 titled to the Clyde E. Switzer Living Trust (Price: $101.5880) (accrued interest: $498.26) 29 1061 shares Axcelis Technologies [nc, held in Merrill Lynch 8,503.92 100% 8,503.92 account number 872-46670, titled to the Clyde E. Switzer Living Trust ($8.015/sh) 30 10 shares Agere Sys Inc C1 A, held in Merrill Lynch accounl 15.0C 100% 15.00 number 872-46670, titled to the Clyde E. Switzer Living Trust ($1.5/sh) 31 253 shares Agere Sys Inc C1 B, held in Merrill Lynch 380.77 100% 380.77 account number 872-46670, titled to the Clyde E. Switzer Living Trust ($1.505/sh) 32 868 shares American Intl Group Inc, held in Merrill Lynch 55,252.54 100% 55,252.54 account number 872-46670, titled to the Clyde E. Switzer Living Trust ($63.655/sh) 33 80 shares Avaya Inc, held in Merrill Lynch account number 261.20 100% 261.20 872-46670, tided to the Clyde E. Switzer Living Trust ($3.265/sh) 34 358 shares AT&T Wireless Svcs Inc, held in Merrill Lynch 2,667.1C 100% 2,667.10 account number 872-46670, titled to the Clyde E. Switzer Living Trust ($7.45/sh) 35 1708 shares BellSouth Corp, held in Merrill Lynch account 47,456.78 100% 47,456.78 number 872-46670, titled to the Clyde E. Switzer Living Trust ($27.785/sh) Page 4 of Schedule G COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY continued ESTATE OF Switzer, Clyde E. FILE NUMBER 21 - 03 - This schedule must be completed and filed if the answer to an uestions 1 , .................... x -', '-Iu~o-'-',~= , u.uug. ,~ un page., IS yes. ITEM I DESCRIPTION OF PROPER,FY I I I I NUMBER Include the name of the transferee, their relationship to decedent and the date of transfer. DATE OF DEATF % OF Attach a copy of the deed for real estate. VALUE OF ASSET DECD'S EXCLUSION TAXABLE VALUE (IF APPLICABLE INTEREST 36 360 shares Comcast Corp New, held in Merrill Lynch 8,974.813 100% 8,974.80 account number 872-46670, titled to the Clyde E. Switzer Living Trust ($24.93/sh) 37 400 shares Corn Prods Intl Inc, held in Merrill Lynch I 1,718.00 100% 11,718.00 account number 872-46670, titled to the Clyde E. Switzer Living Trust ($29.295/sh) 38 222 shares AT&T Corp, held in Merrill Lynch account 6,164.94 100% 6,164.94 number 872-46670, titled to the Clyde E. Switzer Living Trust ($27.77/sh) 39 825 shares Cigna Corp, held in Merrill Lynch account 33,660.0¢ 100% 33,660.00 number 872-46670, titled to the Clyde E. Switzer Living Trust ($40.80/sh) 40 3200 shares Campbell Soup Co, held in Merrill Lynch 76,096.013 100% 76,096.00 account number 872-46670, titled to the Clyde E. Switzer Living Trust ($23.78/sh) 41 300 shares Eastman Kodak Co, held in Merrill Lynch 11,886.00 100% 11,886.00 account number 872-46670, titled to the Clyde E. Switzer Living Trust ($38.72/sh) (accrued dividend: $270.00) 42 100 shares Eastman Chem Co, held in Merrill Lynch 3,655.5£ 100% 3,655.50 account number 872-46670, titled to the Clyde E. Switzer Living Trust ($36.555/sh) 43 900 shares Eaton Corp, held in Merrill Lynch account 66,901.513 100% 66,901.50 number 872-46670, titled to the Clyde E. Switzer Living Trust ($74.335/sh) 44 4800 shares General Elec Co, held in Merrill Lynch account 127,344.00 100% 127,344.00 number 872-46670, titled to the Clyde E. Switzer Living Trust ($26.53/sh) 45 1200 shares Hershey Foods Corp, held in Merrill Lynch 77,091.0£ 100% 77,091.00 account number 872-46670, titled to the Clyde E. Switzer Living Trust ($63.915/sh) (accrued dividend: $393.00) Page 5 of Schedule G COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY continued ESTATE OF Switzer, Clyde E. FILE NUMBER 21 - 03 - This schedule must be completed and filed if the answer ti an* uestions I I ' ............................... x v, ,.1~,;o,,,.,,,= , L,,,uu~ft ,, un page z IS yes. DESCRIPTION OF PROPERTY i I ITEM Include the name of the transferee, their relationship to decedent and the date of transfer, DATE OF DEATH % OF EXCLUSION TAXABLE VALUE NUMBER Attach a copy of the deed for real estate. VALUE OF ASSET DECD'S 0F APPLICABLE) INTEREST 46 400 shares JP Morgan Chase & Co, held in Merrill Lynch 9,812.00 100% 9,812.00 account number 872-46670, titled to the Clyde E. Switzer Living Trust ($24.53/sh) 47 960 shares Lucent Technologies Inc., held in Merrill Lynch 1,795.2¢ 100% 1,795.20 account number 872-46670, titled to the Clyde E. Switzer Living Trust ($1.87/sh) 48 3200 shares Exxon Mobil Corp, held in Merrill Lynch 109,840.0C 100% 109,840.00 account number 872-46670, titled to the Clyde E. Switzer Living Trust ($34.095/sh) (accrued dividend: $736.00) 49 3037 shares MBNA Corp, held in Merrill Lynch account 66,024.38 100% 66,024.38 number 872-46670, titled to the Clyde E. Switzer Living Trust ($21.74/sh) 50 46 shares NCR Corp New, held in Merrill Lynch account 1,286.39 100% 1,286.39 number 872-46670, titled to the Clyde E. Switzer Living Trust ($27.965/sh) 51 300 shares Oracle Corp, held in Merrill Lynch account 3,546.00 100% 3,546.00 number 872-46670, titled to the Clyde E. Switzer Living Trust ($11.82/sh) 52 9000 shares Pfizer Inc, held in Merrill Lynch account 303,300.0C 100% 303,300.00 number 872-46670, titled to the Clyde E. Switzer Living Trust ($33.57/sh) (accrued dividend: $1170.00) 53 1600 shares PPG Inds Inc, held in Merrill Lynch account 79,328.00 100% 79,328.00 number 872-46670, titled to the Clyde E. Switzer Living Trust ($49.15/sh) (accrued dividend: $688.00) 54 400 shares Sysco Corp, held in Merrill Lynch account 12,078.00 100% 12,078.00 number 872-46670, titled to the Clyde E. Switzer Living Trust ($30.195/sh) 55 868 shares Viacom Inc, held in Merrill Lynch account 40,058.2C 100% 40,058.20 number 872-46670, titled to the Clyde E. Switzer Living Trust ($46.15/sh) Page 6 of Schedule G COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY continued ESTATE OF FILE NUMBER Switzer, Clyde E. 21 - 03 - This schedule must be completed and filed if the answer to any of questions 1 thr¢ I DESCRiPTiON OF PROPERTY I ITEM DATE OF DEATI- % OF Include the name of the transferee, their relationship to decedent and the date of transler EXCLUSION NUMBER Attach a copy of the deed for real estate. VALUE OF ASSET DECD'S TAXABLE VALUE INTEREST 0F APPLICABLE) 56 896 shares Verizon Communications, held in Merrill Lynch 36,041.6C 100% 36,041.60 account number 872-46670, titled to the Clyde E. Switzer Living Trust ($40.225/sh) 57 1300 shares Muniyield PA Fd, held in Merrill Lynch 18,690.10 100% 18,690.10 account number 872-46670, titled to the Clyde E. Switzer Living Trust ($14.295/sh) (accrued dividend: $106.60) 58 1574 shares Muniholdings Inds Fd II Inc, held in Merrill 19,662.27 100% 19,662.27 Lynch account number 872-46670, titled to the Clyde E. Switzer Living Trust ($12.395/sh) (accrued dividend: $112.54) 59 1000 shares Muniyield Insd Fd Inc, held in Merrill Lynch 13,924.00 100% 13,924.00 account number 872-46670, tiffed to the Clyde E. Switzer Living Trust ($13.845/sh) (accrued dividend: $79.00) 60 Cash Balance, held in Merrill Lynch account number 0.81 100% 0.81 872-46670, titled to the Clyde E. Switzer Living Trust 61 ML Banking Advantage, held in Merrill Lynch account 236,585.00 100% 236,585.00 number 872-46670, titled to the Clyde E. Switzer Living Trust Page 7 of Schedule G COMMONWEALTH OF PENNSYLVANIA INHERiTANCE TAX RETURN RESIDENT DECEDENT SCI-EDULE H FUhER~ EXPENSES & ESTATE OF Switzer, Clyde E. FILE NUMBER 21 - 03 - Debt., of decedent must be reported on Schedule I. ITEM NUMBER AMOUNT 1 2 3 4 5 6 B. 1. DESCRIPTION FUNERAL EXPENSES: Cremation Society of Pennsylvania (Cremation Package Fee, Coroner Fee, Additional Death Certificates, Patriot News Obituary) West Virginia Post Obituary with Photo Memorial Service Flowers Memorial Program Inserts Meyers Funeral Home (Guest Book Purchase) Memorial Service Organist Fee ADMINISTRATIVE COSTS: Personal Representative's Commissions Social Secudty Number(s) / EIN Number of Personal Representative(s): Street Address City State Zip Year(s) Commission paid Attorney's Fees Law Offices of Susan E. Lederer Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Relationship of Claimant to Decedent Probate Fees Cumberland County Register of Wills (filing fee) Accountant's Fees Tax Return Preparer's Fees Other Administrative Costs Memorial Service Honorarium to Church Funeral Dinner (Caterer) Zip Kern & Company (Tax Accountant Fees) 1,153.60 72.50 212.00 55.27 30.00 150.00 Total of Continuation Schedule(s) 3,000.00 TOTAL (Aisc enter on line 9, Recapitulation) 10.00 538.00 100.00 1,081.83 50.00 6,453.20 COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Switzer, Clyde E. Schedule H FILE NUMBER 21 03- Thank You Notes & Postage Page 2 of Schedule H 50.00 COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Switzer, Clyde E. SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS FILE NUMBER 21 - 03 - Include unreimbursed medical expenses. ITEM NUMBER 1 DESCRIPTION Holy Spirit Hospital TOTAL (Also enter on Line 10, Recapitulation) AMOUNT 33.33 33.33 REV-1513 EeX+ (9-00) ~ SCHEDULE J COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Switzcr, Clyde E. FILE NUMBER 21 - 03 - RELATIONSHIP TO AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY DECEDENT De Not Li.t T~,~t~l OF ESTATE I. TAXABLE DISTRIBUTIONS (include outdght spousal distributions) 1 Nancy K. Switzer Wife Retirement Account 492 Woodcrest Drive (IRA) Mechanicsburg, PA 17050 2 JoAnne Switzer Daughter Gift of $10,000 within 14320 Lewisdale Road Clarksburg, MD 20871 one (1) year of death Enter dollar amounts for distributions shown above on lines 15 through 18, as appropriate, on Rev 1500 cover sheel [[o NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE 1 Family Trust (Credit Shelter Trust) under Article Nine of the Clyde E. Switzer Living Trust dated 700,000.00 October 31, 1995, and any amendments thereto 2 Survivor's Trust (Marital Trust) under Article Eight of the Clyde E. Switzer Living Trust date 1,334,292.63 October 31, 1995, and any amendments thereto B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET 2,034,292.63 The First Amendment to the Clyde E. Switzer Living Trust On October 31, 1995, I, Clyde E. Switzer, signed the Clyde E. Switzer Living Trust, more formally known as: Clyde E. Switzer and Nancy K. Switzer, Trustees, or their successors in trust, under the Clyde E. Switzer Living Trust, dated October 31, 1995, and any amendments thereto. Pursuant to Article Four of my Living Trust, which permits me to amend my Living Trust in writing at any time, I now wish to amend my Living Trust as follows: Article Nine of my Living Trust is hereby revoked in its entirety and amended as follows: Family Trust Section 1. Rights of My Spouse in the Family Trust My Trustee shall hold, administer and distribute the assets of the Family Trust as follows: a. Payment of Income My Trustee shall pay to, or apply for the benefit of, my Spouse, so long as my Spouse lives, the entire net income of the Family Trust in monthly or other convenient installments as agreed upon by my Spouse and my Trustee, but not less often than annually. b. Discretionary Payment of Principal At any time or times during my Spouse's life, my Trustee shall pay to, or apply for the benefit of, my Spouse, so much of the principal of the Family Trust as my Trustee in my Trustee's discretion deems proper for my Spouse's health, education, maintenance or support. c. Guidelines for Trustee's Discretion In exercising discretion, my Trustee shall give consideration to all other income and resources then known to be available to my Spouse. In exercising discretion, my Trustee may, but is not required to, consider any differences in income tax rates as to the Family Trust and permissible distributees of principal. My Trustee shall accumulate and add to principal any net income not distributed. d. Limitation on Discretionary Payment of Principal by Trustee I recommend, but do not require, that my Trustee shall first exhaust the principal from the Survivor's Trust before making discretionary payments of principal to my Spouse from the Family Trust. e. My Spouse's Right to Withdraw Principal My Spouse shall have the power to withdraw from the Family Trust principal each calendar year those amounts that shall not exceed the greater of five thousand dollars ($5,000) or five percent (5%) of the assets of the Family Trust, valued as of the end of the preceding calendar year. My Spouse shall exercise this power by a written instrument signed by my Spouse and delivered to my Trustee. This power is noncumulative and it shall lapse to the extent it is not exercised by January 2 of each calendar year. This power shall exist each year until the death of my Spouse. Section 2. Qualified Terminable Interest Property Election It is my intern that the Family Trust qualify in all respects for the Marital Deduction if a Qualified Terminable Interest Property election is made by my Trustee. Pursuant to that intent, my Spouse is hereby granted the authority to require my Trustee to make underproductive property productive. Section 3. Termination of the Family Trust On the death of my Spouse, the Family Trust shall terminate. All unappointed and undistributed trust assets, including any accrued and undistributed net income, shall be held, administered and I executed this amendment on FEB 4 - 1999 I certify that I have read the foregoing amendment to my Living Trust, and that it correctly states the changes I desire to make in my Living Trust. I approve this amendment to my Living Trust in all particulars, and request my Trustees to execute it. Trustor: Trustee: Clyde E./Switzer ~' Clyde E.~witzer ~ cy K. S~,/i/tzer ACKNOWLEDGEMENT COMMONWEALTH OF PENNSYLVANIA : : SS COUNTY OF DAUPHIN : The foregoing amendment to the Clyde E. Switzer Living Trust was acknowledged before me on FEB 4 - 1999 , by Clyde E. Switzer, as Tmstor and Trustee, and by Nancy K. Switzer, as Trustee. Wimess my hand and official seal. My commission expires: Notary Public ~inOa L Fetterhoff Nora Public i Derr¢ ~w.o. D~uphin County ! ~ "" ' " r l_ ,'~,v ~c~crn~ss[or; .: '7'ms Nov. 8. 1999 The CLYDE E. SWITZER LIVING TRUST prepared for CLYDE E. SWITZER JAMES, SMITH & DURKIN Attorneys-at-Law 134 Sipe Avenue Hummelstown, Pennsylvania 17036 (717) 533-3280 FAX (717) 533-2795 © James, Smith & Durkin All Rights Reserved CLYDE E. SWITZER LIVING TRUST Table of Contents Article One Article Two Article Three Article Four Article Five Article Six Article Seven Article Eight Article Nine Article Ten Article Eleven Article Twelve Article Thirteen Article Fourteen Article Fifteen Trust Creation ...................................... 1-1 The Trust Estate ..................................... -1 Appointment of Trustees. Trustor's Lifetime Rights. Trust Administration Upon My Death ...................... 5-1 Specific Distributions of Trust Property ..................... 6-1 Division into Survivor's Trust and Family Trust ................ 7-1 The Survivor's Trust. ................................. 8-1 The Family Trust .................................... 9-1 Common Pot Trust .................................. 10-1 Division and Distribution of Trust Property .................. 11-1 Distribution If No Designated Beneficiaries .................. 12-1 Trustee Administration ............................... 13-1 Trustee Investment Powers ............................. 14-1 General Provisions.' .................................. 15-1 (-' CLYDE E. SWITZER LIVING TRUST Article One Trust Creation Section 1. Parties to My Trust This trust agreement dated OCT 3 1 1995 is made between CLYDE E. SWITZER, the Trustor, 'also known as CLYDE E. SWITZER, and the following initial Trustee: CLYDE E. SWITZER NANCY K. SWlTZER Section 2. Name of My Trust This trust may be referred to as the: CLYDE E. SWITZER LIVING TRUST, dated OOT :3 ~ 1995 The formal name of my trust and the designation to be used for the transfer of title to the name of my trust is: CLYDE E. SWITZER and NANCY K. SW1TZER, Trustees, or their,sq~c?ssors in trust, under the CLYDE E. SWITZER LIVING TRUST dated ~I~T 3 ,_' 'IDS5 and any amendments thereto Section 3. Revocable Living Trust My trust is a revocable living trust. Section 4. Trustor as Trustee Unless otherwise provided in this trust agreement, when I am serving as Trustee under this trust, I may conduct business and act on behalf of my trust without the consent of any other Trustee. 1-1 Section 5. My Family a. Marital Status I am currently married and my spouse's name is NANCY K. SWITZER. All references to my spouse in this trust agreement are to her. b. The name(s) and birth date(s) of the children of CLYDE E. SWITZER are: Name. Birth date KERRY LEE SWITZER LEVESQUE JO ANNE SWITZER April 24, 1963 August 12, 1966 All references to the children of CLYDE E. SWITZER in this instrument are to these children and any children subsequently born to or adopted by him. 1-2 Article Two The Trust Estate Section 1. Initial Transfer of Property I hereby assign, convey, transfer and deliver to my Trustee all property set forth on Schedule "A", attached hereto, and made part of this trust agreement. My Trustee acknowledges receipt of all assets listed on the attached Schedule. All assets titled in the name of my trust or in the name of my Trustee, but not listed on Schedule "A", shall be considered a part of my trust estate as if they had been set forth on the attached Schedule. Section 2. Additional Transfer of Property My Trustee is authorized to accept additional transfers of property interests of all kinds, at any time in any manner by me or any other person or entity. All property interests received by transfer, assignment, gift, bequest, devise or beneficiary designation shall become a part of my trust estate unless disclaimed by my Trustee. Section 3. Composition of Trust Property In addition to the property described in the previous Sections, my trust estate shall include the following: ao All insurance policies transferred to my trust or policies in which my trust is named as beneficiary plus the proceeds of those policies; bo Any interest in any. pension, retirement or death benefit, bonus, profit-sharing or employee's savings plan or any similar contract created or entered into by an employer for the benefit of some 'or all employees which is transferred to my trust or in which my trust is named as beneficiary and all proceeds of any such benefit, bonus, plan or contract; and Co Any other property or interest in property which becomes subject to my trust. 2-1 Section 4. Acceptance of Trust Property All property transferred to my trust and not disclaimed by my Trustee shall be held, administered and distributed according to the terms of this agreement. Section 5. Trust Property Schedule The trust property transferred to my trust is set forth on Schedule "A". 2-2 Article Three Appointment of Trustees Section 1. Definition of Trustee All references in this agreement to "Trustee" shall be deemed a reference to the person or entity who is then serving as Trustee and shall include alternate or successor Trustees or Co-Trustees unless the context requires otherwise. Section 2. Resignation of a Trustee Any Trustee may resign at any time without court approval by giving written notice to me or to my personal representatives. If I am not living, written notice shall be given to my successor Trustee, or if there is no successor, to the beneficiaries then entitled to receive income or principal distributions under this agreement, to their respective personal representatives, or if such beneficiaries then be minors, to the persons having the care or custody of them. Section 3. Removal of a Trustee Any Trustee may be removed under this agreement as follows: While I am Both Alive and Competent While I am both alive and legally competent, I shall have the right to remove any Trustee appointed under this agreement at any time with no requirement that the removed Trustee receive any reason for such termination. Removal by Others After my death or legal incojnpetency, any Trustee may be removed by a majority vote of the beneficiaries then entitled to receive income or principal distributions under this trust agreement or their personal representatives at any time for cause. Co Notice to Removed Trustee Written notice of removal under this agreement shall be effective immediately when signed by the person or persons authorized to make the removal and delivered to the Trustee personally or deposit by United States certified mail, 3-1 return receipt requested. The written notice removing a Trustee shall designate a successor Trustee. de Transfer of Trust Property The Trustee so removed shall promptly transfer and deliver to the successor Trustee all property of the trust under its possession and control. Section 4. Designated Successor Trustees Whenever a Trustee is removed, dies, resigns, becomes legally incapacitated or is otherwise unable or unwilling to serve, that Trustee shall be replaced as follows: The Death or Disability of a Trustee While I am Serving as Trustee I may serve as the only Trustee or I may name any number of Trustees to serve with me. If any of these other Trustees subsequently die, resign, become legally incapacitated or are otherwise unable or unwilling to serve as a Trustee, I may or may not fill the vacancy. Disability Trustees of CLYDE E. SWITZER Upon the disability of CLYDE E. SWlTZER, if he is then serving as an initial Trustee he shall be replaced by the following Disability Trustee(s): NANCY K. SWITZER If, for any reason, the Disability Trustee(s) named above are unable or unwilling to serve, the following successor Disability Trustee(s) shall serve until the successor Disability Trustee(s) on the list have been exhausted. Unless otherwise specified, if Co-Disability Trustees are serving, the next following named successor Disability Trustee shall serve only after all of the Co-Disability Trustees cease to act as Trustees. (1) KERRY LEE SWITZER LEVESQUE; THEN (2) JO ANNE SWITZER 3-2 :-~- c. Death Trustees of CLYDE E. SWITZER Upon the death of CLYDE E. SWlTZER, if he is then serving as an initial Trustee he shall be replaced by the following Death Trustee(s): NANCY K. SWITZER If, for any reason, the Death Trustee(s) named above are unable or unwilling to serve the following successor Death Trustee(s) shall serve until the successor Death Trustee(s) on the list have been exhausted. Unless otherwise specified, if Co-Death Trustees are serving the next following named successor Death Trustee shall serve only after all of the Co-Death Trustees cease to act as Trustees. (1) KERRY LEE SWITZER LEVESQUE; THEN (2) JO ANNE SWITZER Section 5. Definition of Disability A Trustee shall be considered disabled in the event that a court of competent jurisdiction determines that such Trustee is legally incompetent, or in the event that a Trustee is not adjudicated incompetent but, by reason of illness or mental disability, such Trustee has been certified by two licensed physicians to be unable to properly handle his or her own affairs. Section 6. No Designated Successor Trustees If at any time there is no Trustee acting under this agreement and there is no person or institution designated and qualified as a successor Trustee, a majority of the beneficiaries then eligible to receive distributions of income or principal under this agreement or their legal representatives shall appoint a successor Trustee. If any trust existing under this agreement lacks a Trustee and no successor is appointed pursuant to this Section, the vacancy shall be filled by a court of competent jurisdiction. Section 7. Responsibility of Successor Trustees A successor Trustee shall have the same rights, powers, duties, discretions and immunities as if it had been named as initial Trustee under this agreement. No successor Trustee shall be personally liable for any act or failure to act of any predecessor Trustee or shall have any duty, to examine the records of any earlier Trustee. A successor Trustee may accept the account 3-3 rendered and the property delivered by or on behalf of a predecessor Trustee as a full and complete discharge of the duties of the predecessor Trustee without incurring any responsibility or liability for so doing. _3-4 Article Four Trustor's Lifetime Rights Section 1. Rights While I am Alive and Legally Competent During my lifetime while I am legally competent, I shall have the following powers over the trust property and my Trustee: ae Right to Trust Income My Trustee shall pay to me or apply for my benefit all the net income from this trust monthly or in other convenient installments as I may direct. Right to Trust Principal My Trustee shall pay to me or apply for my benefit such sums from the principal of this trust as ! may direct. I may not, however, direct my Trustee to make gifts from trust property to third parties. If my Trustee inadvertently makes a distribution I intended as a gift directly from the trust to a third party, that distribution shall be construed as a distribution to me first then a gift to the third party from me. Ce Right to Add and Remove Property By written direction delivered to my Trustee, I may add other property to my trust or withdraw property in any amount and at any time. de Right to Amend or Revoke My Trust I shall have the right to amend, modify, alter, revoke or terminate my trust or any separate trusts created under this agreement at any time in whole or in part. Any amendment or revocation.of this trust agreement must be delivered to my Trustee in writing. The power to amend, revoke or terminate this trust is personal to me and may not be exercised by any other person or entity. After my death, this trust or any trust created by this agreement shall be irrevocable and not subject to amendment. e. Delivery of Property After Revocation After any revocation or termination of any trust created by this agreement my Trustee shall promptly deliver the designated trust property to me. Trustee's Retention of Assets Upon Revocation In the event of any revocation of all or part of my trust, my Trustee shall be entitled to retain sufficient assets to reasonably secure the payment of liabilities my Trustee has lawfully incurred in administering the trust and any fees that have been earned by my Trustee until such time as those liabilities have been discharged and fees paid, unless I indemnify my Trustee against loss or expense. Section 2. Power to Direct Investments I shall have the right to direct investments of trust property as follows: ao Invest trust funds in specified securities, properties or other forms of investment; bo Retain as part of the trust estate for specified periods of time securities, properties or other forms of investment held in trust under this instrument; and Co Sell, encumber, lease, abandon or dispose of any trust property. My Trustee shall not be liable for any losses sustained as a direct or indirect result of any action taken in accordance with the terms of the written direction. All directions shall be in a writing signed by me, specifying, if applicable the period of time during which the instructions shall remain in effect and describing any other conditions affecting the directions. 4-2 Section 3. Trustor's Rights During Disability aw Disability Defined I shall be considered disabled in the event a court of competent jurisdiction determines that I am legally incompetent or, in the event that I am not adjudicated incompetent but by reason of illness or mental disability, I am in the opinion of two licensed physicians unable to properly handle my own affairs. be Income and Principal Distributions My Trustee during the period of a a Trustor's disability shall pay to or apply for that Trustor's benefit as much of the net income and principal of my trust estate as my Trustee in its sole discretion shall deem necessary or advisable. Payment of Obligations My Trustee during the period of my disability shall from time to time, pay my valid obligations, my medical expenses and provide for my comfortable maintenance and welfare taking into consideration my other income or resources. de Income and Principal Distributions for Spouse My Trustee shall pay to or apply for the benefit of my spouse as much of the principal and net income of my trust estate as my Trustee in its sole discretion shall deem necessary or advisable from time to time for my spouse's health, maintenance, support and education, taking into consideration her other income or resources. ee Trustee Guidelines In making distributions under this Section my Trustee shall give primary consideration to my needs and secondary consideration to the needs of my spouse. 4-3 f. Tax Planning During my life if I should become disabled, my Trustee may exercise the following powers as attorney in fact on my behalf, either alone or in conjunction with any other attorney in fact under a durable power of attorney, but the primary concern of my Trustee shall be for my welfare and secondarily for the welfare of my lineal descendants for tax planning: My Trustee may make additional distributions to my lineal descendants equally by class for the purpose of continuing any gift program initiated by me which my Trustee reasonably determines will achieve beneficial results for estate and/or income tax planning purposes. My Trustee may initiate a gift program on my behalf which my Trustee reasonably determines will achieve beneficial results for estate and/or income tax planning purposes by making distributions to my lineal descendants equally by class so long as such distributions are made in the form which qualify for and are limited to the annual exclusion for federal gift tax purposes. o During any period when I am disabled, my Trustee shall be under no obligation to initiate, recommend or consider any tax planning objective or program for me and any exercise of its discretion in this regard when conducted in good faith shall not subject it to liability to any person affected thereby. 4-4 Section 4. Exercise of Trustor's Rights and Powers by Others Any right or power that I could exercise personally under the terms of this agreement except the power to amend, revoke or terminate any trust created by this agreement may be exercised for and on behalf of me by any attorney in fact who, at the time of the exercise, is duly appointed and acting for me under a valid and enforceable durable power of attorney executed by me or, if there is no such attorney in fact, by my duly appointed and acting conservator after petition to a court of competent jurisdiction. The power to amend, revoke or terminate any trust created by this agreement is personal to me and may not be exercised by any other person or entity. Section 5. Rights Concerning Standby Property It is contemplated that certain assets may be added to the trust estate from time to time with the possession and control thereof retained by or redelivered to me. If I execute and deliver to my Trustee an instrument effectively transferring such assets to my Trustee together with any further documentation necessary to effect the record transfer thereof, in the event of my death or incapacity the assets shall be deemed to be assets of the trust estate and held by me as the nominee of my Trustee. During the period such assets are in my possession they shall be subject to the following terms and conditions: I may receive directly and devote to my own use and benefit any dividends, interest, income or distributions from or upon such assets and neither I nor my Trustee shall have any duty of accounting to the other or to any other person with regard thereto. bo Any sale, exchange or other transfer of such assets by me shall constitute a withdrawal of such assets from the trust estate and my Trustee shall have no further interest therein or duties with regard thereto. Though not a condition precedent to any such withdrawal, I agree to notify my Trustee of all such withdrawals. 4-5 I shall be responsible for the reporting of the income from such assets to the appropriate taxing authorities and my Trustee shall have no responsibility for including such income on any fiduciary returns prepared by it or for the preparation of any other income tax return with respect thereto unless I duly notify my Trustee of such income items and a full and adequate accounting thereof is made and presented to my Trustee. do I shall protect and indemnify my Trustee against all losses, liabilities and expenses which may result directly or indirectly from my use, possession, management or control of such assets. eo Upon my death or incapacity, my Trustee shall be entitled to the possession thereof and thereafter shall have all the rights, powers and duties with respect to such assets which are otherwise granted to my Trustee herein. It is understood that my Trustee shall be responsible only for the assets which actually come into its possession and control. However, it is also understood that my Trustee shall use any reasonable and prudent means to secure possession of any trust assets of which it has knowledge. My Trustee shall have no duty, accountability or responsibility to me or to any other person with respect to any assets of which it has no knowledge or of which it is unable to obtain possession and control. Section 6. Trustor/Trustee Bank Accounts It is contemplated that I may establish a joint bank account or accounts with my Trustee and create powers of attorney in respect thereof in other persons. Deposits from time to time made by me or other authorized persons into such an account shall constitute transfers to the trust estate and withdrawals therefrom which may be made without the co-signature of my Trustee shall constitute withdrawals from the trust estate. However, my capacity and other authorized persons with respect to any such account shall be that of nominee of my Trustee not co-owner. At any given time the trust estate shall include the then balance of any such account. 4-6 Section 7. Life Insurance Policies and Retirement Plans Unless otherwise provided in this trust agreement or elsewhere, I shall have all powers over life insurance policies and retirement benefits owned by or made payable to my trust, including the following: Payment of Premiums I shall be responsible for the payment of premiums and other charges on each policy or insurance owned by or made payable to my trust. My Trustee shall have no duty to make any payment or be responsible to determine whether such payments have been made. be Custody of Policies My Trustee shall not be responsible for the custody or safekeeping of any life insurance policy before its actual delivery to my Trustee nor after its withdrawal by its owner. Co Change Beneficiaries I shall have the right to change the beneficiary and to receive any dividends or other earnings of such policies or plans without accountability therefor to my Trustee or any beneficiary in this agreement. d. Assignment I may assign any policy or plan benefits to any lender to the extent allowed by law including my Trustee as security for any loan to me or any other person. Surrendered Policies If any life insurance policy is surrendered or if the beneficiary of any policy is changed, this trust agreement shall be revoked with respect to such policy. However, no revocation of the'trust with respect to any policy whether pursuant to the provisions of the preceding sentence or otherwise shall be effective unless the surrender or change in beneficiary of the policy is accepted by the insurance company. Section 8. Undistributed Net Income Any net income not distributed under the provisions of this Article shall be added to the trust principal. 4-7 Article Five Trust Administration Upon My Death Section 1. Trustees Discretion to Pay My Debts and Taxes After my death my Trustee in its sole discretion may pay all or any part of my following expenses, debts, claims and taxes becoming due or payable by reason of my death: a. My final medical expenses and all funeral costs; b. Legally enforceable claims against me or my estate; c. Reasonable expenses of administration of this trust and my probate estate, if any; d. Any allowances mandated by a court of competent jurisdiction to those , dependent upon me; e. Any estate, inheritance, succession, death or similar taxes payable by reason of my death; and f. Any penalties or interest on any of the above claims, debts or taxes owed by me or my estate. Section 2. Payment by My Trustee or by My Personal Representative My Trustee in its sole discretion may make distributions authorized under this Article either directly to the person or entities to whom payment is owed or to the personal representative of my probate estate. Written statements by my personal representative that such sums are due and payable by my estate shall be sufficient evidence of their amount and propriety for the protection of my Trustee. My Trustee shall be under no duty to see to the application of any such payments made to my personal representative. Section 3. Tax Elections With regard to the payment of any income tax, gift tax, estate tax, inheritance tax or any other tax required because of my death, my Trustee shall have the right to make any available elections allowed under the law. My Trustee is authorized to sign and file any tax return required because of my death. Section 4. Payment of Death Taxes, Claims and Expenses Payment out of Trust Property All death taxes, claims and expenses payable under the provisions of this Article shall be paid by my Trustee out of the trust estate except as specifically provided for elsewhere in this agreement. bo Exception for Property Passing Outside of Trust Notwithstanding any other provision in my trust all death taxes, claims and expenses incurred by reason of assets passing outside of my trust or probate estate shall be assessed against those persons receiving such property. Ce No Payment from Survivor's Share Notwithstanding any other provision in my trust unless all other assets available to my Trustee have been exhausted, all death taxes, claims and expenses payable under the provisions of this Article shall not be paid from the Survivor's Trust as defined in Article Eight or from any property passing to my surviving spouse that qualifies for the federal estate tax marital deduction. 5-2 Article Six Specific Distributions of Trust Property Section 1. No Specific Distributions My Trustee shall make no specific distributions of trust property to any beneficiaries under this trust agreement upon my death. All distributions of trust property shall be made in the Articles that follow. 6-1 Article Seven Division into Survivor's Trust and Family Trust Section 1. Division of the Trust Estate Upon my death my Trustee shall allocate and distribute the remaining trust estate including any property that becomes distributable or payable to my Trustee at my death into two separate shares to be identified as the Survivor's Share and the Family Share. Property Transferred to the Survivor's Share The Survivor's Share shall consist of assets having a value equal to the minimum amount necessary to eliminate or to reduce to the maximum extent possible any federal estate tax at my death, taking into account the following: The net value for federal estate tax purposes of all other property that passes or has passed to my surviving spouse under this trust agreement, my probate estate or otherwise that qualifies for the federal estate tax marital deduction; 2. All federal estate tax deductions actually allowed other than the marital deduction; 3. The unified credit available to my estate; The credit for state death taxes available to my estate, to the extent that the use of that credit does not result in or increase any death tax payable to any state; and o Any other allowable credits available to my estate, except the credit for tax on prior transfers from a "transferor", as defined in Internal Revenue Code Section 2013, who dies within two years after the date of my death but only to the extent that those credits do not disqualify this gift from receiving the marital deduction. 7-i Survivor's Share to be Administered as Survivor's Trust The Survivor's Share shall be held, administered and distributed according to the provisions of the Survivor's Trust as set forth in Article Eight of this trust agreement. Co Property Transferred to the Family Share The Family Share shall consist of all assets not distributed to the Survivor's Share. d. Family Share to be Administered as Family Trust The Family Share shall be held, administered and distributed according to the provisions of the Family Trust as set forth in Article Nine of this trust agreement. Section 2. Allocation and Valuation of Assets In allocating assets between the Survivor's Share and the Family Share, my Trustee shall allocate the trust assets that qualify for the marital deduction between the Survivor's Share and the Family Share in cash or in kind or partly in each on a pro rata or non pro rata basis and in undivided interests or not; subject, however, to the following: Qualification for Marital Deduction Only assets that qualify for the marital deduction shall be allocated to the Survivor's Share. Valuations of Allocations in Kind Assets allocated in kind shall be deemed to satisfy the marital deduction amount on the basis of their values as finally determined for federal estate tax purposes provided, however, that my-Trustee shall act impartially, consistent with equitable principles requiring impartiality among beneficiaries in allocating assets in satisfaction of the marital deduction share so that any distribution of assets in satisfaction of the marital deduction share shall be made of assets including cash fairly representative of appreciation or depreciation in the value of all property thus available for distribution. c. Income The Survivor's Share shall be entitled to a pro rata share of the income earned 7-2 on deceased Trustor's residuary probate and trust assets from the date of deceased Trustor's death including a share of income earned on assets used to discharge liabilities. de Foreign Death Tax Credit My Trustee shall not allocate assets that qualify for the foreign death tax credit to the Survivor's Share unless all other assets or interests available for allocation have been-so allocated. e. Insurance on the Life of My Surviving Spouse My Trustee shall not allocate any policy of insurance on the life of my surviving spouse to the Survivor's Share that is my separate property. f. Insurance on the Lives of Others Any incidents of ownership to a policy of insurance on the life of a person other than me shall be allocated to the Family Share. g. Lack of Property to Fully Fund the Survivor's Share If there is insufficient property qualifying for the federal estate tax marital deduction to fully fund the Survivor's Share, the funding to the Survivor's Share shall be reduced accordingly. Section 3. Intention that Survivor's Share Qualify for Marital Deduction I intend that the Survivor's Share qualify for the federal estate tax marital deduction and this agreement shall be construed accordingly. All other provisions of this trust agreement shall be subordinate to that intent. If the granting of any right, power, privilege, authority, or immunity to my Trustee or another person and the imposition of any duty upon my Trustee or another person by any provision of this trust agreement would disqualify any share or interest of a beneficiary hereunder from qualifying-for the federal estate tax marital deduction provided by Section 2056 of the Code, such provision shall be ineffective if and to the extent that the same if effective would so disqualify such share or interest. The provisions of this Section shall also apply to my probate estate, personal representative and all beneficiaries, devisees and legatees. Notwithstanding any other provision in this trust agreement to the contrary, my surviving spouse at any time shall have the right to direct my Trustee in writing to convert within a reasonable time any unproductive trust property to income producing property. Section 4. Disclaimer of Property 7-3 Any property or portion of property that is disclaimed by my surviving spouse shall be held, administered or distributed according to the following terms: Property Disclaimed My surviving spouse may disclaim any property held or distributed to or for the benefit of my surviving spouse under this trust agreement. Time to Disclaim My surviving spouse may disclaim within the time limits and under the conditions permitted by the laws regulating disclaimers. Delivery of Disclaimer to My Trustee A disclaimer by my surviving spouse may be exercised by the delivery to my Trustee of an irrevocable and unconditional refusal to accept any or all property interests passing to my surviving spouse or the Survivor's Share. Disclaimer of Survivor's Share If my surviving spouse exercises a disclaimer with respect to any or all property set aside as the Survivor's Share, such disclaimed interest shall be added to the Family Share. Disclaimer of Family Share If my surviving spouse exercises a disclaimer with respect to any or all property set aside as the Family Share, such disclaimed interest shall be distributed under the relevant terms of this agreement as though my surviving spouse had predeceased me. Section 5. Retirement Accounts If my Trustee is named the beneficiary of an interest in one or more plans which are qualified under Internal Revenue Code Section 401 or one or more Individual Retirement Accounts qualified under Internal Revenue Code Section 408 (hereinafter "Retirement Accounts"), then my Trustee shall allocate the benefits payable from such Retirement Accounts to the Survivor's Trust (or a share hereunder) without underfunding the Family Trust, if possible. Furthermore, if one or more Retirement Accounts are distributed to the Survivor's Trust in installment payments, the following provisions shall apply: ae Amount To Be Distributed My Trustee shall pay to or apply for the sole benefit of my surviving spouse, at least quarterly, the greater of (i) all of the net income earned by the Retirement Account, or (ii) the amount required to be distributed from such Retirement Account under Internal Revenue Code Section 401 (a)(9). My Trustee shall take all of the necessary action to cause the Retirement Account to distribute to the Survivor's Trust the amount required to be distributed to the Surviving Trustor under this paragraph. Qualifying Income Interest My Trustee shall take all of the necessary action to assure that the interest of my surviving spouse qualifies as a qualifying income interest for life pursuant to Internal Revenue Code Section 2056(b)(7). Principal and Income Allocation My Trustee shall allocate to the income of the Survivor's Trust all of the net income earned by the Retirement Account and paid to that trust regardless of whether the Retirement Account is allocated to principal for trust accounting purposes. My Trustee shall allocate to principal of the Survivor's Trust all other distributions from the Retirement Account. de Underproductive Property The surviving spouse shall have the power to direct my Trustee to compel any Retirement Account from which distributions are made to the Survivor's Trust to be invested in income-producing assets. Power to Accelerate Distributions My Trustee shall elect an option under each Retirement Account which allows my Trustee in its discretion to accelerate distributions and to receive one or more lump sum payments from such Retirement Account so that. my Trustee has the flexibility to withdraw principal in its discretion from the Retirement Account. If such an option is not available under the Retirement Account, my Trustee shall take all of the necessary action to cause such Retirement Account to be transferred to an Individual Retirement Account which offers such flexibility and which is titled in the participant's name and is qualified under Internal Revenue Code Section 408; provided however, that such transfer is not treated as a taxable distribution for income tax purposes. 7-5 Article Eight Survivor's Trust Section 1. Rights of Surviving Spouse in the Survivor's Trust My Trustee shall hold, administer and distribute the assets of Survivor's Trust as follows: ae Payment of Income My Trustee shall pay to or apply for the benefit of the surviving spouse so long as the surviving spouse lives the entire net income of the Survivor's Trust in monthly or other convenient installments agreed upon by the surviving spouse and my Trustee, but not less often than annually. If my Trustee is entitled to payments from any Retirement Account, it shall allocate to income from payments received in any calendar year an amount equal to the income earned by the account in such year, and any excess shall be allocated to principal, and if the payments in such year shall be less than the amount equal to the income earned by the account in such year, my surviving spouse shall have the continuing right to require my Trustee to withdraw from the account and pay to him/her as income an additional amount so that he/she can be paid an amount equal to such income. Notwithstanding the preceding sentence, if the Internal Revenue Service should determine that for the Survivor's Trust to qualify for the marital deduction all of the income earned by the account does not have to be distributed to my surviving spouse or be subject to his/her withdrawal right, then only the amount required for such qualification shall thereafter be distributed to him/her or be subject to his/her withdrawal right. be General Power of Appointment Over Undistributed Net Income Upon the death of the surviving spouse, my Trustee shall distribute all of the trust property, including the trust principal and accrued and undistributed income, to any person or entity and upon any trust, terms and conditions, or to or in favor of the estate of the surviving spouse as the surviving spouse may direct by his or her last will or living trust agreement. No exercise of this general power of appointment shall be effective unless it refers to this trust agreement and expressly indicates an intention to exercise this general power of appointment. My Trustee may rely upon any instrument admitted to probate as the last will of the surviving spouse in carrying out the terms of the power of appointment and shall not be liable for any good faith act in reliance upon that 8-1 will even if for any reason it is later determined to be invalid with respect to its purported exercise of this power of appointment. If my Trustee receives no notice of the existence of a will of the surviving spouse within six (6) months after the death of the surviving spouse, my Trustee may distribute the trust assets and income as though this power of appointment had not been exercised and shall in that event be conclusively presumed to have acted in good faith, even if a valid will is thereafter discovered. Co Discretionary Payment of Principal At any time or times during the trust term my Trustee shall pay to or apply for the benefit of the surviving spouse so much of the principal of the Survivor's Trust as my Trustee deems proper for the surviving spouse's health, maintenance, support and education. In exercising discretion my Trustee shall give the consideration that my Trustee deems proper to all other income and resources then readily available to the surviving spouse for use for these purposes that are then known to my Trustee. Limited Power of Appointment By either a last will or by a living trust agreement the surviving spouse shall have the limited testamentary power to appoint to or for the benefit of my descendants some or all of the principal and any accrued but undistributed net income of Survivor's Trust as it exists at the death of the surviving spouse. The surviving spouse may appoint trust assets under this limited testamentary power among my descendants in equal or unequal amounts, either directly or in trust as the surviving spouse directs. This limited testamentary power of appointment shall not be exercised in favor of the surviving spouse's estate, the creditors of the surviving spouse, the creditors of the surviving spouse's estate or in any way which would result in any economic benefit to the surviving spouse. Section 2. Trustee's Discretion to Pay Debts and Taxes The Survivor's Trust shall terminate upon the death of the surviving spouse. My Trustee, shall hold and administer the unappointed balance or remainder of the Survivor's Trust as follows: a. Surviving Spouse's Debts and Taxes My Trustee, in its sole discretion, may pay all or any part of the surviving spouse's following expenses, debts, claims and taxes becoming due or payable by reason of the surviving spouse's death: 8-2 ..-. 1. Final medical expenses and all funeral costs; 2. Legally enforceable claims against the surviving spouse or the surviving spouse's estate; 3. Reasonable expenses of administration of this trust and the surviving spouse's probate estate if any; Any allowances mandated by a court of competent jurisdiction to those dependent upon the surviving spouse; o Any estate, inheritance, succession, death or similar taxes payable by reason of the death of the surviving spouse; and Any penalties or interest on any of the above claims, debts or taxes owed by the surviving spouse or the surviving spouse's estate. Section 3. Payment by My Trustee or Personal Representative My Trustee in its sole discretion may make distributions authorized under this Article either directly to the person or entities to whom payment is owed or to the personal representative of the surviving spouse's probate estate. Written statements by the surviving spouse's personal representative that such sums are due and payable by the estate shall be sufficient evidence of their amount and propriety for the protection of my Trustee. My Trustee shall be under no duty to see to the application of any such payments made to the surviving spouse's personal representative. Section 4. Tax Elections With regard to the payment of any income tax, gift tax, estate tax, inheritance tax or any other tax required because of the death of the surviving spouse, my Trustee shall have the right to make any available elections allowed under the law. My Trustee is authorized to sign and file any tax return required because of the death of the surviving spouse. Section 5. Administration of Survivor's Trust Remainder After payment of debts, expenses and taxes, my Trustee shall hold and administer the unappointed balance or remainder of the Survivor's Trust as provided in the Articles that follow. 8-3 L 8-4 Article Nine Family Trust Section 1. Rights of Surviving Spouse in the Family Trust My Trustee shall hold, administer and distribute the assets of the Family Trust as follows: Payment of Income My Trustee shall pay to or apply for the benefit of my surviving spouse so long as my surviving spouse lives the entire net income of the Family Trust in monthly or other convenient installments agreed upon by my surviving spouse and my Trustee but not less often than annually. Discretionary Payment of Principal At any time or times during the trust. ~rm my Trustee.shall, pay to or apply for the benefit of my surviving spouse' and my~descend~t_~_~.m5ch of the principal of the Family Trust as my Tru-'ste&in::]~s'~is~e~c~a'-:~eems proper for their health, maintenance, support and education. Guidelines for Trustee's Discretion In exercising discretion my Trustee may pay to or apply more for some beneficiaries than for others and may make payments to or for one or more beneficiaries to the exclusion of others. However, my Trustee shall at all times give primary consideration to my surviving spouse's needs and only thereafter to my descendants. No amount paid or applied need thereafter be repaid to my Trustee or restored to my trust. In exercising discretion my Trustee shall give the consideration that my Trustee deems proper to all other income and resources that are known to my Trustee and that are readily available to the beneficiaries for use for these purposes. M.y Trustee shall accumulate and add to principal any net income not distributed. Surviving Spouse's Right to Withdraw Principal My surviving spouse shall have the power to withdraw from the Family Trust principal each calendar year those amounts that shall not exceed the greater of five thousand dollars ($5,000) or five (5) percent of the assets valued as of the end of the preceding calendar year. My surviving spouse shall exercise this power by a written instrument signed by him or her and delivered to my Trustee. This power is noncumulative and to the extent it is not exercised by the end of January of each calendar year it shall lapse. This power shall exist each year until the death of my surviving spouse. Section 2. Limited Power of Appointment By either a last will or by a living trust agreement my surviving spouse shall have the limited testamentary power to appoint to or for the benefit of my descendants some or all of the principal and any accrued but undistributed net income of the Family Trust as it exists at the death of my surviving spouse. My surviving spouse may appoint trust assets under this limited testamentary power among my descendants in equal or unequal amounts either directly or in trust as my surviving spouse directs. This limited testamentary power of appointment shall not be exercised in favor of my surviving spouse's estate, the creditors of my surviving spouse, the creditors of my surviving spouse's estate or in any way which would result in any economic benefit to my surviving spouse. Section 3. Termination of the Family Trust On the death of my surviving spouse, the Family Trust shall terminate. All unappointed and undistributed trust assets including any accrued and undistributed net income, shall be held, administered and distributed in the Articles that follow. Article Ten Common Pot Trust After the death of the Trustor my Trustee shall not create a Common Pot Trust. All trust property that has not been distributed under prior Articles of this trust agreement shall be held, administered, divided and distributed according to the provisions of the Articles that follow. 10-1 Article Eleven Division and Distribution of Trust Property Section 1. Division of Trust Property Into Shares My Trustee shall divide all trust property not previously distributed into separate shares of equal market value as follows: a. One Share for Each Living Child My Trustee shall create one share for each of my then living children. b. One Share for Each Deceased Child My Trustee shall creme one share for each of my deceased children who has then living descendants. Section 2. Distribution of Trust Shares for My Living Children The trust share of each of my children who survive me shall be held, administered and distributed as follows: a. Distribution of Net Income and Principal My Trustee shall promptly distribute, free of the trust, all accumulated net income and principal of the trust share to each of my living children who survive me. be Distribution Upon Death of a Child Who Survives Me If any child who survives me, dies before the complete distribution of his or her trust share, that child's trust share shall terminate and my Trustee shall distribute the balance of the trust property to such child's then living descendants, per stirpes. If such deceased child has no then living descendants, my Trustee shall distribute the balance of the trust property to my then living descendants, per stirpes. If I have no then living descendants, my Trustee shall distribute the balance of the trust property as provided for in the Articles that follow. 11-1 Section 3. Distribution of Trust Share for Descendant of Deceased Child My Trustee shall promptly distribute, free of the trust, all accumulated net income and principal of the trust share set aside for each of my deceased children to their descendants, per stirpes. If any such descendant dies before the complete distribution of his or her trust share, that descendant's trust share shall terminate and my Trustee shall distribute the balance of the trust property to such descendant's then living descendants, per stirpes. If such descendant has no then living descendants, my Trustee shall distribute the balance of the trust property to my then living descendants, per stirpes. If I have no then living descendants, our Trustee shall distribute the balance of the trust property as provided for in the Articles that follow. Section 4. Distributions to Underage or Disabled Beneficiaries Notwithstanding any other provision in this trust agreement, if any person otherwise entitled to receive a distribution of trust property is under 30 years of age or is mentally disabled or legally incompetent as defined in Article Twelve, my Trustee shall retain and administer that person's trust property for his or her benefit as follows: My Trustee's Discretion My Trustee may pay to or apply for the benefit of such beneficiary so much of the net income and principal of the trust as my Trustee, in its discretion, deems proper considering all other sources of income and resources available to such beneficiary and known to my Trustee. bo Payments Made to Beneficiary or Personal Representative My Trustee is authorized to make payments under this Section either directly to the beneficiary, to the beneficiary's personal representative or to any other person my Trustee may deem proper to be used for the benefit of the beneficiary. Trustee's Decisions' are Final All decisions by my Trustee as to those it makes payment to, the purposes for which these payments are made, and the amounts to be paid out of the trust are within my Trustee's sole but reasonable discretion. Undistributed Net Income All undistributed net income shall be accumulated and added to the principal of the trust. 11-2 Termination and Distribution My Trustee shall distribute the trust property to a beneficiary under this Section as follows: one-third (1/3) when such beneficiary reaches age 21, one-third (1/3) when such beneficiary reaches age 25, and the remaining balance when such beneficiary reaches age 30, or when he or she is no longer disabled as determined by a court of competent jurisdiction, or upon certification by two licensed physicians that such beneficiary is able to properly care for his or her property and person, or at a later date if other trust provisions in this Article direct. f. Death of Disabled or Underage Beneficiary Upon the death of a beneficiary under this Section, my Trustee shall distribute all of such beneficiary's remaining trust share, including the trust principal and accrued and undistributed income, to any person or entity, and upon any trust, terms, and conditions, or to or in favor of the estate of such deceased beneficiary, as he or she may direct by his or her last will or living trust agreement. No exercise of this general power of appointment shall be effective unless it refers to this trust agreement and expressly indicates an intention to exercise this general power of appointment. 11-3 Article Twelve Distribution if No Designated Beneficiaries NONE ""- 12-1 Article Thirteen Trustee Administration Section 1. Co-Trustees to Act by Majority Vote At any time that there are two or more Trustees serving under this agreement they shall act by majority vote and any exercise of a power or discretion by a majority of the Trustees shall have the same effect as an exercise by all of them. If the Trustees are not able to reach agreement on any decision as set forth in this Section they shall petition a court of competent jurisdiction for instructions and shall take no action on the disputed matter until a court order deciding the issue has been rendered. Section 2. Power to Delegate Notwithstanding any other provision of this agreement, any one or more of the Co-Trustees serving under this agreement may from time to time delegate to another Co-Trustee or Co- Trustees routine acts of trust administration. Section 3. No Bond Required No Trustee under this agreement shall be required to post any bond for the faithful performance of its responsibilities. Section 4. Trustee Compensation My Trustee shall be entitled to reasonable compensation for services rendered payable without the need for a court order. In calculating the amount of compensation customary charges for similar services in the same geographic area for the same time period shall be used as guidelines. My Trustee shall also be entitled to reimbursement for reasonable costs and expenses incurred during the exercise of its duties under this agreement. Any corporate fiduciary shall be entitled to receive compensation for its services in accordance with its published fee schedule in effect from time to time. 13-1 Section 5. Change in Corporate Trustee Any corporate successor to the trust business of any corporate Trustee named under this agreement or acting hereunder shall succeed to the capacity of its predecessor without reconveyance or transfer of trust property. Section 6. Power to Divide or Combine Trusts My Trustee shall have the power to divide a single trust into separate shares each to be administered in accordance with the terms and conditions of the single trust from which they were created when my Trustee in its discretion determines that division is desirable or advisable in view of tax considerations, including considerations related to the income tax, the gift tax, the estate tax or the generation-skipping transfer tax or other objectives of the trusts and their beneficiaries. My Trustee shall not be required to make a physical segregation or division of the various trust shares created under this trust agreement except as segregation or division may be required by reason of the termination and distribution of any of the trusts, but my Trustee shall keep separate accounts and records for different undivided interests. My Trustee in its discretion shall have the further power to combine two or more trusts having substantially the same terms into a single trust for purposes of administration when tax or other factors indicate that such combination would be desirable or advisable. In deciding whether to combine trusts, my Trustee should consider the generation-skipping "inclusion ratio" of the trusts to be combined. Trusts having the same inclusion ratios may be combined. Trusts having different inclusion ratios should generally not be combined unless their inclusion ratios are maintained unchanged through substantially separate and independent shares of different beneficiaries within the meaning of I.R.C. Section 2654(b), and the applicable regulations thereunder. Specifically, my Trustee has the authority to allocate any portion of my exemptions under Internal Revenue Code Section 2631 (a) to property as to which I am the transferor, including any property transferred by me during my lifetime as to which I did not make an allocation prior to my death, and my Trustee has the authority to make the special election under Internal Revenue Code Section 2652(a)(3). If Internal Revenue Code Section 263 l(a) or 2652(a)(3) is not interpreted as to allow a Trustee to exercise such election, then my personal representatives is authorized to allocate my exemptions and to exercise the said special election. If my Trustee considers that any distribution from a trust or share hereunder, other than pursuant to a power to withdraw or appoint, is a taxable distribution subject to the federal generation-skipping transfer tax payable by the distributee, my Trustee may increase the distribution by an amount which my Trustee would estimate to be sufficient to pay that tax, and shall charge the same against the trust or share to which the tax relates. If my Trustee considers that any termination of an interest in the trust property hereunder is a taxable termination subject to the federal generation-skipping transfer tax, my Trustee may pay that tax from the portion of the property to which the tax relates, without any adjustment of the relative interests of the beneficiaries. Section 7. Termination of Small Trust My Trustee shall have the power in its discretion to terminate any trust created under this trust agreement whenever it becomes so small in relation to the costs of administration as to make continuing administration uneconomical. Upon termination my Trustee shall distribute the principal and any accrued or undistributed net income to the income beneficiaries in proportion to their shares of the income. If no fixed amount of income is payable to specific beneficiaries, my Trustee shall distribute the principal and any accrued or undistributed net income in equal shares to those beneficiaries who would then be entitled to income payments from the trust. Section 8. Limit on Trustee's Discretion Notwithstanding any language purporting to confer absolute, sole or unrestricted discretion on my Trustee in exercising any discretionary power with respect to this trust, my Trustee shall at all times act in accordance with fiduciary principles and shall not act in bad faith or in disregard of the purposes of my trust. Nothwithstanding any other provision in this trust agreement, no individual Trustee who is also a beneficiary hereunder shall have any right, power, duty or discretion concerning this trust if such right, power, duty or discretion conferred upon such Trustee under this trust agreement is determined to be a general power of appointment under Internal Revenue Code Section 2041 or 2514 which would cause any assets of this Trust to be included in the estate of such Trustee-beneficiary. Any such right, power, duty or discretion with such effect shall be null and void with respect to such Trustee-beneficiary. No Trustee who is under a legal obligation to any beneficiary of this trust or other person shall under any circumstances partake in any decisions relating to any discretionary distributions of income or principal of this trust which can be used for any such legal obligation to any such beneficiary or other person. Section 9. Written Notice to Trustee Until my Trustee receives written notice of any death or other event which triggers the right to payments from any trust created under this agreement it shall incur no liability for distributions made in good faith to persons whose interests may have been affected by such event. Section 10. Duty to Account My Trustee shall render accounts, upon request, to the income beneficiaries under this trust agreement at least annually, at the termination of a trust created hereunder, and upon a change in the Trustees in the manner required by law. Section 11. No Court Supervision No trust created under this agreement shall require the active supervision of any state or federal court. ( 13-4 Article Fourteen Trustee Investment Powers Section 1. Trustee's Powers To carry out the purposes of the trusts created under this agreement and subject to any limitations stated elsewhere in this instrument my Trustee shall have all of the following powers, in addition to all of the powers now or hereafter conferred on Trustees by law: ae Retention of Property My Trustee shall have the power to retain any property received into the trust at its inception or later added to the trust without regard to whether the trust investments are diversified as long as my Trustee considers that retention is in the best interests of the trust or in furtherance of my goals in creating the trust. My Trustee shall have the power to invest and reinvest in any property that may be considered by applicable state law to be underproductive or unproductive in nature, and specifically to be exempt from any minimum income requirements called for under local law. b. Additions My Trustee shall have the power to receive additions to the assets of the various trusts created under this agreement from any source. Ce Business Participation My Trustee shall have the power to terminate, to continue or to participate in the operation of any business enterprise including a corporation a sole proprietorship or a general or limited partnership and to effect any form of incorporation, dissolution, liquidation, reqrganization including but not limited to recapitalization and reallocation of classes of shares or other change in the form of the business enterprise or to lend money or make a capital contribution to any such business enterprise. de Permissible Investments My Trustee shall have the power to invest and reinvest the assets of the trust as my Trustee may determine to be in the best interests of the trust without limitation by any law applicable to investments by fiduciaries. The permitted 14-1 investments and reinvestments may include securities such as common or preferred stock, mortgages, notes, subordinated debentures and warrants of any corporation and any common trust fund administered by a corporate fiduciary or other property, real or personal, including savings accounts and deposits and interests in mutual or money market funds or investment trusts, annuities and insurance whether or not such investments are unsecured or of a wasting nature. My Trustee shall have the power to obtain, by purchase or by gift (or by conversion, reissue, consolidation or by any other means), and hold as an asset of this trust, policies of insurance on my life or any other beneficiary of this trust. My Trustee is authorized and empowered to exercise, either before or after my death, all of the rights, options, elections or privileges exercisable in connection with such policies. These rights and options should include, but not be limited to, disability benefits, the right to borrow money with which to pay premiums (or other charges) on any policy owned by this trust (including any automatic premium loan feature) or for any other trust purpose, the right to elect among settlement options offered by the insurance company which issued such policy, the right to convert such policy to paid-up insurance, extended term insurance or to any different form of insurance, and the right to arrange for the automatic application of dividends in reduction of premium payments (or other charges), with regard to any policy of insurance held in the trust estate. Dealing with Property My Trustee shall have the power to acquire, grant or dispose of property, including puts, calls and options (including options on stock owned by the estate), for cash or on credit including maintaining margin accounts with brokers at public or private sale upon such terms and conditions as the fiduciary may deem advisable and to manage, develop, improve, exchange, partition, change the character of, abandon property or any interest therein or otherwise deal with property. Specifically, my Trustee shall have the power to use and expend the trust income and principal to conduct environmental assessments, audits, and site monitoring to determine compliance with'any environmental law or regulation thereunder; to take all appropriate remedial action to contain, clean up or remove any environmental hazard including a spill, release, discharge or contamination, either on my Trustee's own accord or in response to an actual or threatened violation of any environmental law or regulation thereunder; to institute legal proceedings concerning environmental hazards or contest or settle any such legal proceedings brought by any local, state or federal agency concerned with environmental compliance, or by a private litigant; to comply with any local, state or federal agency order or court order directing an assessment, abatement or cleanup of any environmental hazards; to employ agents, consultants and legal 14-2 counsel to assist or perform the above undertakings or actions; and in general to take all appropriate actions to prevent, identify, or respond to any actual or threatened violations of any environmental law or regulation thereunder. No Trustee under this trust agreement shall be liable for any loss or depreciation in value sustained by this trust as a result of the Trustee retaining any property upon which there is later discovered to be hazardous materials or substances requiring remedial action pursuant to any federal, state or local environmental law, unless the Trustee contributed to the loss or depreciation in value through willful default, willful misconduct, or gross negligence. Moreover, no Trustee shall be obligated to accept any property on behalf of this trust without first having the opportunity to satisfy itself, in its sole discretion, that such property is not contaminated by any hazardous or toxic materials or substances, and that such property is not being used and has never been used for any activities directly or indirectly involving the generation, use, treatment, storage, disposal, release, or discharge of any hazardous or toxic materials or substances. Finally, such Trustee shall have the power to disclaim any power which, in its sole discretion, will or may cause such Trustee to be considered an "owner" or "operator" of property held in our trust estate under the provisions of the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), as amended from time to time. This power to disclaim as contained herein shall apply to any such power, whether actually set forth under this trust agreement, incorporated by reference herein, or granted or implied by any statute or rule of law. f. Borrowing Authority My Trustee shall have the power to borrow funds from any person including my Trustee guarantee indebtedness or indemnify others in the name of the trust and to secure any such obligation by mortgage, pledge, security interest or other encumbrance and to renew, extend or modify any such obligation for a term within or extending beyond the administration of the term of the trust. No lender shall be bound to see to or be liable for the application of the proceeds of any obligation and my Trustee shall not be personally liable for any obligation. Leasing Authority My Trustee shall have the power to make, renew or amend for any purpose a lease as lessor or lessee for a term within or beyond the term of the trust with or without option to purchase. he Natural Resources 14-3 My Trustee shall have the power to enter into any arrangement or agreement including a lease, pooling or unitization agreement, for exploration, development, operation, conservation and removal of minerals or other natural resources. i. Voting Rights My Trustee shall have the power to vote a security in person or by general or limited proxy, to participate in or consent to any voting trust, reorganization, dissolution, liquidation or other action affecting any securities and to deposit securities with and transfer title to a protective or other committee. j. Title to Assets My Trustee shall have the power to hold securities and other property in negotiable form or in the name of a nominee (including "street name" of a broker) or by deposit to a clearing corporation with or without disclosure of the Trustee relationship, but my Trustee shall be responsible for the acts of any nominee or clearing corporation in connection with the property. k. Insurance My Trustee shall have the power to insure the assets of the trust against any risk and my Trustee against liability with respect to third persons. Settlement of Disputes My Trustee shall have the power to pay or contest any debt or claim and to compromise, release and adjust any debt or claim and to submit any matter to arbitration. mo Payment of Expenses My Trustee shall have the power to pay any taxes, assessments, reasonable compensation of my Trustee and other expenses incurred in the collection, management, care, protection and conservation of the trust property. ne Principal and Income My Trustee shall have the power to allocate items of income or expenditure to either income or principal and to create reserves out of the income all as provided by law and to the extent not so provided to allocate or create reserves as my Trustee in its discretion deems appropriate and my Trustee's decision made in good faith with respect thereto shall be binding and conclusive on all persons. "-- 14-4 Notwithstanding the preceding sentence, if the Survivor's Trust (or a share hereunder) is the beneficiary or owner of a Retirement Account, income earned after the participant's death in the account shall be income of the Trust or share, and if my Trustee is required to pay all of the trust income to a beneficiary, my Trustee shall collect and pay the income of the account to the beneficiary at least quarterly (and to the extent that all of the income cannot be collected from the account, the deficiency shall be paid from the principal of the trust). Division of Trust My Trustee shall have the power to make any distribution or payment in kind or in cash or partly in kind and partly in cash and to cause any share to be composed of cash, property or undivided interests in property different in kind from any other share either pro rata or non pro rata without regard to differences in the tax basis of such property and without the requirement of making any adjustment of the shares by reason of any action taken pursuant hereto. Any division, allocation, apportionment or valuation of the property to distribute the assets to or among any of the trusts or beneficiaries shall be made by my Trustee and the good faith determination of my Trustee shall be binding and conclusive on all parties. p. Merger of Trust If at any time the Trustees are Trustees of two or more Trusts or Shares with substantially the same terms and benefiting the same beneficiaries, created hereunder, or under any other instrument by the Trustors or by any other person, the Trustees may commingle the assets of such Trusts or Shares and hold them as a single Trust or Share. q. Litigation My Trustee shall have the power to prosecute or defend actions, suits, claims or proceedings for the protection or benefit of the trust and my Trustee in the performance of my Trustee's 'duties. Employment of Agents My Trustee shall have the power to employ agents including attorneys, accountants, investment advisors, custodians, appraisers or others to advise or assist my Trustee and to delegate to them fiduciary powers and to indemnify them against liability for positions taken in good faith and with reasonable basis. Corporate Fiduciary If any stock of a corporate Trustee or of any affiliate or successor of a corporate Trustee shall be included in the assets of the trust, the Trustee shall have full authority in the Trustee's sole discretion and notwithstanding any regulation or rule of law to the contrary to retain the stock and any increases resulting from stock dividends and stock splits and from the exercise of purchase rights and the purchase of fractional shares needed to round out fractional share holdings that may arise concerning the stock. The Trustee shall vote the stock either directly or by proxy except to the extent the Trustee is prohibited by law from voting the stock in accordance with the written instructions of a majority of the living beneficiaries then entitled to current distributions of income or their personal representatives. In the event there are no eligible beneficiaries to give instructions, the Trustee is authorized to vote the stock in the best interests of the beneficiaries in view of the purposes for which the trust was created. Investment Transactions With regard to record keeping for investment transactions, my Trustee need not provide copies of confirmations or similar notifications each time a trade or investment transaction occurs, but investment transactions shall be set forth in my Trustee's periodic accounting. Ue Repairs and Improvements My Trustee shall have the power to make ordinary or extraordinary repairs or alterations in buildings or other structures, to demolish any improvements, to raze existing or erect new party walls or buildings. Business Personnel My Trustee shall have the power to elect or employ directors, officers, employees, partners or agents of any business and to compensate such persons whether or not any such person is a Trustee, director, officer, partner or agent of a Trustee or a beneficiary of the trust. Farm or Ranch Property With respect to farm or ranch property, my Trustee shall have the power to participate in and operate any farming (including tree farming) or ranch operation personally or with hired labor, tenants or sharecroppers to lease any farm for cash or a share of crops under a lease which permits or precludes the material participation of my Trustee, to fertilize and improve the soil, to employ conservation practices, and to participate in government programs and to perform any other acts deemed necessary or desirable to operate the property. In making a decision whether to materially participate in farming or ranch operations, my .... ~ 14-6 Trustee shall consider whether an election should be made or has been made under IRC § 2032A to qualify for special farm-use valuation. Ancillary Trustees If for any reason my Trustee deems it advantageous to act through an ancillary Trustee, my Trustee may designate an ancillary personal representative or Trustee qualified to serve in the jurisdiction where such ancillary Trustee is to act and may delegate to such ancillary Trustee such of the powers granted under this agreement as my Trustee deems advisable without being chargeable with loss if any arising out of such designation or delegation. My Trustee may specify whether any corporate Trustee or any person or persons acting in an ancillary capacity hereunder shall serve with or without bond. Except as may be otherwise specifically provided, no ancillary Trustee need comply with the provisions of any Uniform Trustee's Accounting Act, the Uniform Trust Act or similar acts in force in any state where the Trustee may be acting. ye Retention of Closely Held Interest My Trustee shall have the power to retain any real estate interests, closely held securities or affiliated companies or business interests and to sell or dispose of such interests only after careful consideration and after determining that sale or disposition is in the existing circumstances in the best interests of the trust or its beneficiaries. If at any time, this trust holds any stock in an S corporation, and our Trustee deems it appropriate for such corporation to maintain its Subchapter S election, my Trustee may take all of the necessary actions to segregate the S corporation stock and assets of this trust, and in my Trustee's sole but reasonable discretion, and otherwise consistent with the terms of this trust to the greatest extent possible, may form new trusts and may amend the terms of this trust agreement as would be necessary to establish Qualified Subchapter S Trusts to hold the said S corporation stock and assets in compliance with Internal Revenue Code Sections 1361(b)and 1361(d)(3). Ze Exercise of Authority Except as otherwise provided in this agreement, my Trustee shall have the power to do all acts that might legally be done by an individual in absolute ownership and control of property. "-- 14-7 Article Fifteen General Provisions Section 1. Spendthrift Protection Neither the principal nor the income of any trust created or contained under this agreement shall be liable for the debts of a beneficiary nor shall the same be subject to seizure by any creditor of any beneficiary under any lien or proceeding at law or equity. Except to the extent otherwise expressly provided in this agreement, no beneficiary shall have authority or power to sell, assign, transfer, encumber or in any manner to anticipate or dispose of a beneficial interest whether income or principal. The limitations herein shall not restrict the exercise of any power of appointment or the right to disclaim by any beneficiary. Section 2. The Rule Against Perpetuities Unless sooner terminated or vested in accordance with other provisions of this agreement, all interests not otherwise vested including but not limited to all trusts and powers of appointment created hereunder shall terminate twenty-one (21) years after the death of the last survivor of the group composed of me and my lineal descendants living on the date of my death. At that time distribution of all principal and all accrued, accumulated and undistributed income shall be made to the persons then entitled to distributions of income and in the manner and proportions herein stated or if not stated equally irrespective of their then attained ages. Section 3. Incompetency and Disability For all purposes under this agreement a person shall be deemed disabled, incompetent or legally incapacitated if and so long as a guardian or conservator of his or b_er person or estate duly appointed by a court of competent jurisdiction continues to serve, or upon certification by two licensed physicians that such person is unable properly to care for his or her person or property. Section 4. Income and Principal Payments All payments of income or principal shall be made in such of the following ways as my Trustee determines appropriate: ao bo co eo go To each respective beneficiary in person upon his or her personal receipt; Deposited in any bank to the credit of such beneficiary in any account carried in his or her name or jointly with another or others; To the parent or legal representative of the beneficiary; To a Custodian under a Uniform Transfers to Minors Act selected by my Trustee for such period of time under applicable law as our Trustee determines appropriate; To some near relative, friend-or institution having primary responsibility for the care and custody of the beneficiary; By my Trustee using such payment directly for the benefit of such beneficiary; or To my Trustee of any revocable trust of which the beneficiary is the Trustor. Section 5. Education For all purposes under this agreement the term "education" shall be given broad interpretation and may include but not be limited to: a. High School Education at public or private elementary or high schools including boarding schools. b. College Undergraduate and graduate study in any and all fields whatsoever whether of a professional character in colleges or other institutions of higher learning. c. Specialized Training Specialized formal or informal training in music, the stage, the handicrafts, the arts or vocational or trade schools whether by private instruction or otherwise. 15-2 d. Other Educational Activities Any other activity including foreign or domestic travel which shall tend to develop fully the talents and potentialities of each beneficiary regardless of age. Section 6. No-Contest Clause If any person or entity, other than me, singularly, or in conjunction with any other person or entity, directly or indirectly, contests in any court the validity of this trust agreement, including any amendments thereto, then the right of that person or entity to take any interest in the trust property shall cease, and that person (and his or her descendants) or entity shall be deemed to have predeceased me. Section 7. Disclaimer by Beneficiary No beneficiary shall be entitled to accelerate any distribution to the beneficiary or to terminate his or her trust interest and thereafter receive outright distribution by use of a disclaimer. Section 8. Simultaneous Death If any beneficiary under this agreement and I die under circumstances in which the order of their deaths cannot be established, I shall be deemed to have survived the beneficiary and this agreement shall be construed accordingly. Section 9. Children and Issue For purposes of this agreement "children" means the lawful blood descendants in the first degree of the parent designated and "issue" and "descendants" mean the lawful blood descendants in any degree of the ancestor designated provided, however, that if a person has been adopted that person shall be considered a child of such adopting parent and such adopted child and his or her issue shall be considered as issue of the adopting parent or parents and of anyone who is by blood or adoption an ancestor of the adopting parent or either of the adopting parents. The terms "child," "children," "issue," "descendant" and "descendants" or those terms preceded by the terms "living" or "then-living" shall include the lawful blood descendant in the first degree of the parent designated even though such descendant is born after the death of such parent. 15-3 Section 10. Definition of Death Taxes The term "death taxes" as used in this agreement shall mean all inheritance, estate, succession and other similar taxes that are payable by any person on account of that person's interest in the estate of the decedent or by reason of the decedent's death including penalties and interest but excluding the following: Any addition to the federal estate tax for any "excess retirement accumulation" under Internal Revenue Code Section 4980A. Any additional tax that may be assessed under Internal Revenue Code Section 2032A. Any federal or state tax imposed on a generation-skipping transfer as that term is defined in the federal tax laws unless that generation- skipping transfer tax is payable directly out of the assets of a trust created by this instrument. Section 11. Words Relating to the Internal Revenue Code ~s used in this agreement the words "gross estate," "adjusted gross estate," "taxable estate," "unified credit," "state death tax credit," "maximum marital deduction," "marital deduction," "pass" and any other word or words which from the context in which it or they are used refer to the Internal Revenue Code shall have the same meaning as such words have for the purposes of applying the Internal Revenue Code to my estate. For purposes of this agreement my "available generation-skipping transfer exemption" means the generation-skipping transfer tax exemption provided in section 2631 of the Internal Revenue Code of 1986 as amended in effect at the time of my death reduced by the aggregate of (1) the amount if any of my exemption allocated to my lifetime transfers by me or by operation of law-, and (2) the amount, if any, I have specifically allocated to other property of my gross estate for federal estate tax purposes. For purposes of this trust agreement'if at the time of my death I have made gifts with an inclusion ratio of greater than zero for which the gift tax return due date has not expired including extensions and I have not yet filed a return, it shall be deemed that my generation- skipping transfer exemption has been allocated to these transfers to the extent necessary and possible to exempt the transfers from generation-skipping transfer tax. Reference to Sections of the internal Revenue Code and to the Internal Revenue Code shall refer to the Internal Revenue Code amended to the date of my death. 15-4 Section 12. Personal Representative For purposes of this agreement the term "personal representative" shall mean Trustee, executor, executrix, administrator, administratrix, conservator, guardian, custodian or any other type of personal representation. Section 13. Gender and Number In this agreement where appropriate except where the context otherwise requires, the singular includes the plural and words of any gender shall not be limited to that gender. Section 14. Definition of Per Stirpes As used in this agreement when a distribution to beneficiaries is "per stirpes" it shall mean that the distributions are to be divided into as many equal shares as there are then-living children of such beneficiaries and deceased children of such beneficiaries who left then-living descendants. Each then-living child of the beneficiary shall receive one share and the share that is allocated to each deceased child of the beneficiary shall be divided equally among such deceased child's then-living descendants. Section 15. Captions The captions of Articles, Sections and Paragraphs used in this agreement are for convenience of reference only and shall have no significance in the construction or interpretation of this agreement. Section 16. Severability Should any of the provisions of this agreement be for any reason declared invalid, such invalidity shall not affect any of the other provisions of this agreement and all invalid provisions shall be wholly disregarded in interpreting this agreement. 15-5 Section 17. Statutory References Unless the context clearly requires another construction each statutory reference in this agreement shall be construed to refer to the statutory section mentioned, related successor sections and corresponding provisions of any subsequent law including all amendments. Section 18. Governing State Law This agreement and the trusts created under it shall be construed, regulated and governed by and in accordance with the laws of the State of Pennsylvania. I have executed this agreement on the date set forth on the first page of this agreement. I certify that I have read the foregoing revocable living trust agreement and that it correctly states the terms and conditions under which my trust property is to be held, managed and disposed of by my Trustee(s). I approve this revocable living trust in all particulars and request my Trustee(s) to execute it. C[~'I~ E. SWI:I'ZER, Tbstor / NC~. SWITZ~.R, T 'sr~tee 15-6 STATE OF PENNSYLVANIA ) SS COUNTY OF DAUPHIN ) On this the_~/5----~day of the undersigned officer, personally appeared CLYDE E. SWITZER, Trustor, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument and acknowledged that he executed the same for the purposes therein contained. ess whereof I here~r'~et my hand and official seal. Notary Public Title of Officer NOTARIAL SEAL ",,r) ,,"'" l-'u !.i~E~E, Notap! Public ~,e~sh~9. F'/', 0~,Jpr:in ~ounty My Commission Exp 'es May 10, 1999 STATE OF PENNSYLVANIA ) SS COUNTY OF DAUPHIN. . ) ~ j ~ On this the ~t/~7~day of t~ff4r''~', , 19~5//, before me, ~ ~ ~. the undersigned officer, personally appe~ed CLYDE E. SWITZER, ~d NANCY K. SWITZER, Trustees, ~own to me (or satisfactorily proven) to be ~e persons whose nines ~e subscribed to ~e withn ins~ment ~d ac~owledged that ~ey executed ~e sine for the p~oses ~erein contained. I~~er~seal. Notary Public Title of Officer NOTARIAL SEAL CONN!E L. REESE, Notap! Public Hershey, PA Dauphin County My Commission Expires ',¥~ay !0. i999 L 15-7 Merrill Lynch Monthly Activity Date Transaction Dividends and Interest 04/29 Dividend 04/30 * Dividend 04/30 * Dividend 04/30 ~ Bank Interest Income Total Net To~l Quantity Description Price MUNIHOLDINGS INSD FD II HOLDING 1574.0000 CAMPBELL SOUP CO HOLDING 3200.0000 J P MORGAN CHASE AND CO HOLDrNG 400.0000 BANK DEPOSIT INTEREST ML BANKING ADVANTAGE Tax Information Summary This Statement Year-to. Date Accrued Interest Paid Tax-Exempt Reportable Accrued Interest Received Tax-Exempt Reportable Gross Proceeds 1 O, 000. O0 Although we provide complete year-to-date information for Reportable Accrued Interest Received, Accrued Interest Paid and' Tax-Exempt Accrued Interest Received and Paid include only those months we produce your profit and loss statement. Debit Credit 109.24 504.00 136.00 1.13 238.00 4,983.97 ;ummary of Checking Activity Date Cleared DateWriffen 04/25 04/21 ~otal Checking Activity Check Number Payee 134 JOANNE SWITZER 10,000.00 10,000.00 CLYDE E SWITZER TTEE ,~ ~ . .Pa[~e.. Statement Period Account No. January 24, 2003 Susan E. Lederer, Esq. 4811 Jonestown Road, Suite 226 Harrisburg, PA 17109 Subject: Estate of Clyde E. Switzer Dear Ms. Lederer: We recently received your request to provide the date-of-death balance for the below referenced account(s). The information that you requested is as follows: Account Number/ Type of Date-of-Death Accrued Account Date Account Account Balance Interest Registration Opened November 26, Included in 2002 Date-of- Death Balance 570145813/ Money $48,043.92 $11.21 Clyde E. Switzer TTEE July 10, 1987 Market Nancy K. Switzer TTEE Clyde E Switzer Liv Tr dtd 10/31/95 400695593/ Certificate $51,282.97 $138.34 Clyde E. Switzer TTEE November 18, of Deposit Nancy K. Switzer TTEE 1993 Clyde E Switzer Liv Tr dtd 10/31/95 If you have any questions, please call 1-800-345-0397, Monday through Friday from 8 a.m. to 8 p.m., or Saturday, 8 to 5 (Eastern time). If you prefer, you may write to P. O. Box 15103, Wilmington, DE 19850-5103. Our knowledgeable representatives are ready to assist you. Sincerely, Michelle L. Hullinger Deposit Services department ff/mlh 850-801 Manufacturers and Traders Trust Company, 1100 Wehrle Drive, P.O. Box 767, Buffalo, NY 14240-0767 January 29, 2003 Estate Search The Estate of: Date of Death (D.O.D.) To Whom It May Concern: CLYDE E SWlTZER 11/26/2002 Identified below is the account information requested. 1. M&T Bank accounts in which the decedent's name appears: Account Account Number Account Title Type CHK 527688 CLYDE E SWITZER OPENED 7/76 LIVING TRUST OF 10/31/95 CLYDE E SWITZER TRUSTEE Opening Branch D.O.D. Accrued Interest Balances (Includes Accr. Int.) 4350 $2014.47 $.21 2. Loans, Mortgages, or other obligations titled in the decedent's name Account Number Amount Owed Account Description NO Safe Deposit Box titled in the Decedent's name existed at our office. If you have any questions about the information provided, please contact our Records Department at (716) 635-4010 or 1-800-724- 2440 outside of the Buffalo, NY calling area. Thank you. Sincerely, M&T BANK CORPORATION BY: __ Authorized Signature SCHWAB SECURITIES VALUATION SERVICE® Valuation Date: Date of Death: Estate Evaluation ESTATE OF: CLYDE E SWITTER 8663 9025 11/26/02 11/26/02 1) 808515100 Page: 1 Report Date: 04/02/03 1,803.780 PAR VALUE/ PRICE ..... SECURITY ACCRUED .ITEM CUSIP SHARES SECURITY DESCRIPTION DATES .HIGH/ASK LOW/BID MEAN VALUE DIV/INT COMMENTS 11/26/02 2) 808515605 62;496.710 3) 3133MJZH6 10,000.000 4) 370425QS2 40,000.000 SCHWAB CHARLES FAMILY FDS MONEY MKT FD SCHWAB CHARLES FAMILY FDS VL ADV MNY INVS FEDERAL HOHE LN BKS CONSBD 4.375%06 From 06/11/02 To 11/26/02 1.0000 1.00000 1,803.78 FUND 11/26/02 1.0000 1.00000 62,496.71 FUND 11/26/02 102.6563 102.5938 102.62500 10,262.50 N/A GENERAL MTRS ACCEP CORP 11/26/02 99.0000 97.7500 98.37500 39,350 00 NT 6.125%08 · From 07/22/02 To 11/26/02 200.52 5) 922018106 365.742 843.89 N/A VANGUARD WINDSOR FD INC 11/26/02 12.3300 12.33000 4,509.60 COM F'OND ACCOUNT TITLE: Totals $118,422.59 1,044.41 CLYDE ~- SWITZER CHARLES SCHWAB & CO INC CUST I~A ROLLOVER Historical quote information will be obtained from sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. The information is being provided for your personal, noncommercial use only. Charles Schwab & Co., inc. does not give tax advice and is not responsible for performing mathematical computations beyond those presented. Please visit your local Schwab office with questions or call (415) 636-6231. ~2001 Charles Schwab & Co., Inc. All rights reserved. Member SIPC/NY.qI= MKT.q~IQ-I ~'nl/n~ ~ Merrill Lynch Private Client Group 214 Senate Avenue, Suite 501 P.O. Box 0810 Camp Hill, Pennsylvania 17001-0810 717 975 4600 800 937 0735 April 30, 2003 Susan E. Lederer Law Offices Attn: Susan E. Lederer 4811 Jonestown Road Suite 226 Harrisburg, PA 17109 Merrill Lynch Account # 872-46670 Trust Estate of Clyde E. Switzer Dear Ms. Lederer, Per your request, following is the information you requested for the Clyde E. Switzer Trust Account, 872-46670: Account Title: Clyde E. Swi=erTTEE Nancy K. Swi~erTTEE U/A Dtd10B1/1995 By Clyde E. Swi=er Description: CMA Account - money market and investment account Date Opened: 11/02/1995 Following is a list of the assets held long in the account as of close of business 11/26/2002. Please note: a Historical Pricing Detail is attached listing the Cusip Number and High, Low and Closing Prices for each security. For your convenience, the Detail follows in the same order as the securities listed below. Co..Qg._~omte Bonds Merrill Lynch & Company Ser A Pfd NB Capital Corp Pfd'Ser A Conseco Financing Tr V Pfd tooo OB. i ~t% ~i &~. oo 400 /;lU. St, tO to[~ 2,4. ~ 400 O. &~O ioq. oo Mun.___i¢ipal Bonds Cumberland Cnty PA Mun Auth 6.00% 12/01/I7 Pennsylvania St Higher Edl Facs 5.00% 4/01/21 Pennsylvania St Higher Edl Fats 5.75% 1/01/17 Montgomery Cnty PA Higher Ed 6.00% 1/01/13 Pennsylvania St 5.00% 6/01/13 Pennsylvania St 5.00% 6/01/16 South Fork Mun Auth PA 5.00% 7/01/06 Monessen PA SD 4.80% 9/01/12 Philadelphia PA Gas Wks Rev 5.00% 7/01/14 Erie Cnty PA Hosp Auth 5.55% 8/15/11 Bradfbrd Cnty PA Indl Dev 5.90% 12/01/19 Pittsburgh PA Urban Redev Auth 5.95% 10/01/29 Central Dauphin PA SD 4.625°,4 ! 2/01/17 Philadelphia PA Hosp & Higher Ed 6.50% 11/15/22 McGuffey SD PA 4.75% 8/01/19 Philadelphia PA Wtr & Waste 5.25% 6/15/23 Scranton PA SD 5.00% 4/01/31 Southeastern PA Transn Auth 5.25% 3/01/18 Erie Cnty PA Hosp Auth 6.00% 8/15/29 Allegheny Cnty PA Hosp Der 5.125% 12/01/l 8 Equities Axcelis Technologies lnc Agere Sys Inc C1 A Agere Sys Inc CI B American intl Group Avaya Inc AT&T Wireless Sves lnc Bellsouth Corp Comcast Corp New Corn Prods lntl lnc AT&T Corp 20000 20000' 20000 20000 20000 15000 10000 20000 20000 20000 20000 15000 25000 20000 10000 30000 25000 25000 200O0 20000 Quantity 1061 10 253 868 80 358 1708 360 400 222 ~ oo.,4q'&.O ciR. Paq 0 ~ Co. V4~,O I oo c~ .%,45o ~ 04. ~ o ~. ~ggO Cigna Corp Campbell Soup Co Eastman Kodak Co Eastman Chem Co Eaton Corp General Elec Co Hershey Foods Corp JP Morgan Chase & Co Lucent Technologies lnc Exxon Mobil Corp MBNA Corp NCR Corp New Oracle Corp Pfizer Inc PPG Inds lnc Sysco Corp Viacom Inc Verizon Communications 825 3200 300 100 900 4800 1200 40O 960 3200 3037 46 300 9000 1600 400 868 896 4c~.~- qt,. ~S ,40. ga__% ~C,, Oqto. OO t, ~%Co, V3,, 0-1~. oo Mutual Funds and Defined Asset Fund~ Muniyield PA Fd (o.e_c.mad- $ ~ot,.t~o') Muniholdings Inds Fd II [nc Muniyield lnsd Fd lne (accro~c3- 1300 1574 1000 ~ :5 [h.zq, oo Cash and Money Accounts Cash ML Banking Advantage Balances $.81 $236,585.00 , J UN- ll~l-~ldOJ 15:M'? Me fillLynch P.05/~ Please give me a call with any questions or if you require additional information. Again I apologize for the delay in getting this information to you. Enclosures Sincerely, Lori S. Ho~ditz Registered Client Associate P.06/26 HIstorical Hrlclng Inquiry 48551'- MERRILL LYNCH & CO INC Cusip: 590188819 Date High Price Low Price Close Price Volume 11/26/2002 28.250 28,000 28.250 2200 49Y69 - NB CAP CORP Cusip: 62874N607 Date High Prlce Low Price Close Price Volume t 7,/26/2002 26.670 26.4.S0 26.670 108600 ~,.j. 52BT8 - CONSECO FING TR V Cusip: 20847D205 Date H~h Price Low Price Close Price Volume 11/26/2002 .270 .250 ,250 60500 The information has been obtained from sources we believe to be reliable but we do not guarantee its accuracy, Past performance is not indicative of future performance, nI~LUI I~d! ri It. lll~ IIILlUll y PABS6 -'CUMBERLAND CNTY PA HUN AUTH REV Cusip: 230614AZ2 Maturity: 12/1/17 Coupon: 6.00 Date Price 11/26/2002 100.0450 P.07/26 PF4J0 - PENNSYLVANIA ST HIGHER EDL FACS AUTH REV Cusip: 70917NAW4 Maturity: 4/1/21 Coupon: 5.00 Date Price 1:1./26/2002 100,6660 PKOCI - PENNSYLVANIA ST HIGHER EDL FACS AUTH HEALTH SVCS Cusip: 709172DE7 Maturity: 1/1/17 Coupon: 5.75 Date Price 11/26/2002 :t02,2050 PLST3 - MONTGOMERY CNTY PA HIGHER ED 8: HEALTH AUTH REV Cusip: 613603KN8 Maturity: 1/1/13 Coupon: 6.00 Date Price ! 1/26/2002 97,2680 PRSPO - PENNSYLVANIA ST Cusip: Maturity: 6/1/13 Coupon: 5.00 Date Price 11/26/2002 105,9840 709141KN4 PR8P8. PENNSYLVANIA ST Cusip: 709141KR5 Maturity: 6/1/16 Coupon: 5.00 Date Price 11/26/2002 103.8880 RDNT4 - SOUTH FORK HUN AUTH PA HOSP REV Cusip: 83786DCE5 Maturity: 7/1/O6 Coupon: 5.00 Date Price 11/26/2002 107.9390 RF179 - MONESSEN PA SCH DIST Maturity: 9/1/12 Coupon: 4.80 Date Price ! 1/26/2002 104.0180 Cusip: 609269CX1 RHSH8 - PHILADELPHIA PA GAS WKS REV Cusip: 717823VC9 Maturity: 7/1/14 Coupon: 5.00 Date Pdce 11/26/2002 ~04.0510 RK201 - ERIE CNTY PA HOSP AUTH REV Cusip: 295200RQ4 Maturity: 8/15/11 Coupon: 5,55 Date Price 1~/26/2002 106.7400 nl~LU! I(~dl r'! IL, III~ ilILILIii ~' MEP13 -' BRADFORD CNTY PA INDL DEV AUTH SOLID WASTE DISP Cusip: 10425PAB6 Maturity: 12/1/19 Coupon: 5.90 Date Price 11/26/2002 98.6280 P.08/26 ALIC39 - PIq-rSBURGH PA URBAN REDEV AUTH MTG REV Cusip: 725299P47 Maturity: 10/1/29 Coupon: S.95 Date Price 1 i/26/2002 103.2320 PCMW2 - CENTRAL DAUPHIN PA SCH DIST Cusip: 153300GY8 Maturity: 12/1/17 Coupon; 4.63 Date Price 11/26/2002 ~,00.4420 PCW59 - PHILADELPHIA PA HOSP$ I~ HIGHER ED FACS AUTH HOSP Cusip: 717903PD4 Maturity: 11/15/22 Coupon: 6.50 Date Price 11/26/2002 99,2140 PENNO - MCGUFFEY SCH DIST PA Maturity: 8/t/19 Coupon: 4.75 Date Price 11/26/2002 100.1420 Cusip: 580734CY5 PHI 12 - PHILADELPHIA PA WTR [~ WASTEWl-R REV Cusip: 717893AS0 Maturity: 6/15123 Coupon: 5.25 Date Price 11/26/2002 100,7800 PMPJ3 - SCRANTON PA SCH DIST Cusip: Maturity: 4/1/2031 Coupon: 5.00 Date Price 11/26/2002 99.8430 810827MT9 PTWDO. SOUTHEASTERN PA TRANSN AUTH PA SPL REV Cusip: 842035EN3 Maturity: 311/18 Coupon: 5.25 Date Price 11/26/2002 104.5810 RCTUO - ERIE CNTY PA HOSP AUTH REV Cusip: 295200RWl Maturity: 8/15/29 Coupon: 6.00 Date Price 11/26/2002 106.4600 RGGG7 - ALLEGHENY CNTY PA HOSP DEV AUTH REV Cusip: 01728ATK2 Maturity: 12~1/18 Coupon: 5.13 Date Price 11/26/2002 101,5880 nl:)L~l I,,..,at r I i1,.,1111~ II~.~.l,,~,,, · ' ACLS - AXCELIS TECHNOLOGIES INC Cusip: 054540109 Date High Price Low Price Close Price Volume 11/26/2002 8.130 7.900 8.000 1071500 ~t~,. 0 P.09/26 AGRA - AGERE SYS INC Cusip: 00845V100 Date High Price Low Price Close Price Volume 11/26/2002 1,630 1,370 1.430 11005000 AGRB-AGERESYSINC CuSp: 00845V209 Date High Price Low Price Close Pdce Volume '~, 1~/2G/2002 1.G40 1.370 1.450 2542000 AIG - AMERICAN INTL GROUP INC Cusip: 026874107 Date High Price Low Price Close Price Volume Lo~, La ~ ~ ~/26/2002 65.100 62.210 62.350 6602300 AV - AVAYA INC Cusip: 053499109 Date High Price Low Price Close Price Volume ,_o), ~L.0~j 11/26/2002 3.680 2.850 3.080 2278000 AWE - AT~T WIRELESS SVCS INC Cusip: 00209A106 Date High Price Low Price Close Price Volume 11/26/2002 7,700 7.200 7.220 9069000 BLS - BELLSOUTH CORP Cusip: 079860102 Date High Price Low Price Close Price Volume ~-~ .q~ 11/26/2002 2B, 370 27.200 27,200 3280 ~00 CMCSA - COMCAST CORP NEW Cusip: 20030N101 Date i"flBh Price Low Price Close Price Volume ~. C1 ~ 11/26/2002 26,000 23.860 24,090 20757000 CPO. CORN PRODS INTL INC Cusip: 2t9023108 Date High Price Low Price Close Price Volume ~),c~. ~C~ 11/26/2002 30. ~.00 28.490 29,220 219600 T - ATET CORP Cusip: 001957505 Date High Price Low Price Close Price Volume 11/26/2002 28.030 27.510 27.830 8250100 The information has been obtained from sources we believe to be reliable but we do not guarantee Its accuracy. Past performance is not indicative of future performance. ' i'll$COrlCdl ri it. llll~ ill,lUll y C! - CIGNA CORP Cusip: 125509109 ~ Date High Price Low Price Close Price Volume 11/26/2002 41,200 40.400 40.520 914900 'C~iO. ~'~ P.10/26 CPB - CAMPBELL SOUP CO Cusip: 134429109 Date High Price Low Price Close Price Volume 11/26/2002 24.160 23.400 23. 740 1004600 EK - [ASTMAN KODAK CO Cusip: 277461109 Date High Price Low Price Close Price Volume 11/26/2002 37,350 36.720 36,810 2148000 EMN - EASTMAN CHEM CO Cusip: 277432100 Date High Price Low Price Close Price Volume '~(j ,~ 11/26/2002 36.870 36. 240 36.600 400500 ETN. EATON CORP' Cusip: 278058102 Date High Price Low Price Close Price Volume '-1 '~, ~ 11/26/2002 75.400 73.270 73.390 507200 GE - GENERAL ELEC CO Cusip: 369604103 Date High Price Low Price Close Price Volume 11/26/2002 26.790 26.270 26.350 24628000 HSY - HERSHEY FOODS CORP Cusip: 427866108 Date High Price Low Price Close Price Volume 11/26/2002 64.730 63.100 63,220 718700 JPM - J P MORGAN CHASE E CO Cusip: 46625H100 Date High Price Low Price Close Price Volume ~:~,,~ ~'~ 11/26/2002 24.960 24.100 24,190 9369000 ' LU - LUCENT TECHNOLOGIES INC Cusip: 549463107 Date High Price Low Price Close Price Volume ~L.~'[ 11/26/2002 1.990 1-750 1,790 100630000 XOM - EXXON MOBIL CORP Cusip: 30231G102 Date Hieh Price Low Price Close Price Volume 11/26/2002 34.370 33.820 33.960 11500000 The information has been obtained from sources we believe to be reliable but we do not guarantee its accuracy. Past performance is not indicative of future performance. KRB - AiBNA CORP rtcc,~c~)ate High Price 11/26/2002 22,460 NCR - NCR CORP NEW Date High Price 11/26/2002 29.0:L0 ,e ORCL - ORACLE CORP ;~c~c~Oate 11/2~/2002 MlStOnCal i rlclng Inquiry Cusip: 55262L100 Low Price Close Price Volume ~ LTq-7-.rT'e~ 7377300 "~ \- -''j' L~ Cusip: 62886E108 Low Price Close Price Volume ~.~. CJ~ 6.9 o Cusip: 68389X105 High PHce Low Price Close Price Volume 12.080 132,800 133.480 36720000 PFE - PFIZER INC Cusip: 717081103 Oate High PUce Low Price Close PHce Volume 11/26/2002 31.850 35.290 36,180 53304000 PPG- PPG INDS INC Cusip: 693506107 Oate High Price Low Price Close Price Volume 11/26/2002 47.250 51.050 51.930 819400 SYY- SYSCO CORP Cusip: 871829107 Date High Price Low Price Close Price Volume '~(~. 11/26/2002 29,810 30,580 30.800 1443400 VIAB - VIACOM INC Cusip: 925524308 Date High Price Low Price Close Price Volume ~--~, J~'9~ 11/26/2002 45,750 46.550 46,720 4775500 VZ - VERIZON COMMUNICATIONS Cusip: 92343V104 Date Hish Price Low Price Close Price Volume ~rO, '~-'~ 11/26/2002 41,000 39.450 39,970 5912800 The information has been obLained from sources we believe to be relieble but we do not guarantee its accuracy. Past performance is not indicative of future performance. Historical Pricing Inquiry KRB -/~BNA CORP Cusip: 55262L100 Date High Price Low Price Close Price Volume 11/26/2002 22,460 21.020 21.100 584~000 ORCL - ORACLE CORP Cusip: 68389X105 Date High Price Low Price Close Price Volume ~ I. ~ ~2_ 11/26/2002 12.080 11.550 11.630 58763000 The information has been obtained from sources we believe to be reliable but we do not guarantee its accuracy, Past performance is not indicative of future performance. rll~L(J! lC;all ri I~111~ IIiLjUll ~y 'MPA - MUNIYIELD PA FD Cusip: 62630V109 Oate High Price Low PUce Close Price Volume 11/26/2002 14.390 24.200 14.350 23000 ~/...~., P.12/26 /~UE-MUNiHOLDINGS INSD FD II INC Cusip: 62625A102 Date HighPUce Low PriceClose Price VoLume 11/26/2oo~_ 12.4~o ~2.36o ~2.43o 46~oo MYI - ARUNIYIELD INSD FD INC Cusip: 62630E107 Date High Price Low Price Close Price Volume 11/26/2002 1~3.8g0 13.800 13.840 89300 The information has been obtained from sources we believe to be reliable but we do not guarantee Its accuracy, Pest performance is not indicative of fu:ure performance, PORTFOLIO SUMMARY REVIEW ~LYDE E SWtTZER TTEE NANCY K SWITZER TTEE UIA DTD 10/3111995 BY CLYDE E SWI1-ZER 492 WOODCREST DR MECHANICSBURG PA 't7050-6810 YOUR FINANCIAL AOVISOR: DSW GROUP {717) 975-4610 For Client Sew{ce Questions Call: 1-800-MERRILL (1-8g0-637-7455) Office Sawing Your Account 214 SENATE AVE, STE 501 CAMP HIlL PA 17011 Total Value as of November 29, 2002 $1,931,608.79 Asset Allocation Summary Percent [] Equities 63 r~ Fixed Income 25 ~ CashlMor~ey Accounts 12 Total 3.00 · Estimated Acc~usd Inlerest not included. May not ;effect all holdings. Accountslncluded in Ibis Summary Total Value Comparison (in $ millions) 2.13 2.25 2.31 2.24 2.16 2.20 2.~36 t-83 1.87 t.93 Toter Value includes c~edits, d~its, and c]~ange in market value. Unpdced Securities are not included inTotsl Value. Account Type/ Account Mo. Account Name Managing Firm 872-46670 CLYDE E S%~ITZER TTEE C34A Tota~ To~t Value This Month LaM Mon~ 1,931,608 1,873,489 ~,93~,6~B 1,873,489 Gains and Losses ($- ~nreal~ed Real,ed ShoA Term YTD Long Term YTD ShoATerm Long Term -320 -3,788 -320 -3,788 Page Statement Period Account No. SUMMARY I 11t01,~02 TO tl/29/02 872-46670 PORTFOUO SUMMARY REVIEW Activity Summary (All Accounts) Credits Security Sales Income Funds Received Electronic Transfers( Olher Credits Total Credit Income Summary ($) Credits ) This Staie;.;;;~ ($} 5,000. O0 2,445.49 0.00 O.O0 0.00 7,445.4~ Year-To-Dats ($) 60,400.00 50,400.76 0.00 0.00 11,764.99 122,565,75 Debits Security Purchases Wilhdrawais E;ectfonic Transfers (Debit) Olher Debits Interest Checks Wri[ten Visa Purchases Loan Tetal Deblt Net Activity This Statement ($) Year-To. Date (S) 0.00 10,375.77 O.OO 0.00 0.00 0.00 0.00 0.00 0.00 O.OO 63,807.17 O.OD O.OO 0,00 0.00 0.00 7~,, 182.94 7,445.49 ~8,382.81 Account Tax-Exempt Number rnterest This State~u~n{ Non-Reportable Interest Dividends Dividends TOTAL Tax. Exem~ In~mst I~erest Year-to-Date Non. Repmtable Dividends Dividends TOTAL 872 -~6670 794 229 298 ]., 124 2,44.5 Total' 794 229 298 1,124 2,445 Financial Market Indicators 19,116 3,067 3,249 24,969 50,401 19,116 3,067 3,249 24,969 50,401 S&P 500 Three-Month Treasury 8ills Long-Term Treasury Bonds This Statement 936.31 ]..22% 5. Last Statement 885.76 1.43% 4.97% Previous Year-End 1148.0B 1.71% 5.47% SUMMARY 2 Statement Period 11t01,~02 TO tl/29102 Aooounl No. 872*46670 ~O7024 8197 PORTFOLIO SUMMARY REVIEW Bond Maturity Schedule( All Accounts) % of Tofal MaturRy Bond Ye~s Assets Par Value 1-5 8 30,000 5-10 10 40,000 10-:L5 24 9S, 000 15-2D 35 140,000 20+ 23 90,000 395,000 Eslima~d Manet Value ($) 30,778 42,057 97,306 140,818 91,623 402,582 Top Portfolio Holdings > 5% ( by Market Value Equity Weighting by Sector ( All Accounts) Dollar Value Percent Consumer Slaples 461,954 39 Capital Goods - In~usl~lal 198,45.c 17 Fina ncJals 131,427 Energy 111,36c 9 Services 85,155 Utililiss 85, 0o6 Basic In4us~ies 84,04~ 7 Capi~l G~s - To~nology 35, 53~ 3 Unaligned 356 < Consumer ~clicals Tmnspodation Tobal 1,193.289 100 Quantity Equi~ 9,000 4,800 3,200 Cash/Money Accounts 236,813 Totat 8ecud~ Descri~ion PFIZHR INC DEL PV$0.05 GENERAL ELECTRIC EXXON MOBIL CORP COM ML BANKING ADVkNTAGE Cost Basis N/A N/A N/A 236,813 23~:, 813 Estimalmd Market Value 283,770 130,176 111,3S0 Unrealized Equity % of Gain or (Loss) Sector Porifolio N/A Consumer Staples 14.75 N/A Capital Goods - Industrial 6.77 N/A Energy 5.79 236,813 N/A 362,119 12,31 39.62 MP~l~ Statement Pedod Ac, oounl. No. SU RY 3 11~'0'~t02 TO 11/29f02 872-46670 oozm~ as9? ACCOUNT ~LYDE E SWi'I-ZER TTEE NANCY K SWITZER TTEE U/A DTD 10/31F~995 BY CLYDE E SWITZER 492 WOODCREST DR MECHANICSBURG PA t7050-6810 Total Account Value As Of 11/2912002 YOUR FINANCIAL ADVISOR: DSW GROUP {717) 975-4610 FOR CUSTOMER SERVICE QUESTIONS: Monthly Portfolio Summary Asset Value % Cash/Money Accounts 229,667 12 CD's/Equivalents Government Securities Corporate Bonds 38,560 2 Municipal Bonds 4~t, 034 22 Equities 1,134,8 Mutual Funds 53, os9 Options Other Long Market Value Short Market Value Estimated Accrued Interest Debit Balance Net Portfolio Value 1,86'1,136 $,353 1,873,489 11/29/02 Value % Income Summary 237,113 12 Tax-Exempt Funds Tax-Exempt Interest Reportable Interest 39, /72 2 Reportable Dividends 402,581 21 Income Not Reported 1, !93,292 62 Total 52,092 3 1, 92~,251 7,357 NEWS Pul your money to work fasler wilh the Direct Deposit Service. This free service lets you deposil your payroll, pension, Social Securily and other recurdn9 payments into your CMA accounl or CMA SubAccounL The sooner your money reaches your account, the soc~ner it starls working for you. For mom details, call 1-500-MERRILL. 1,931,608 Items for Attention SecurUy Purchasing Power 23'7, Financial Market Indicators S&P Three-Monfh Treasury Bills Long-Term Treasu~, Bonds CLYDE E SWtTZER TTEE Page 4 o/14 Statement Period 11/01f02 TO ~tf29102 Account No. 872-46670 ~07D24 $1,931,608.79 Your Merrill Lynch Off[ce: 214 SENATE AVE, STE 501 CAMP HILL PA 17011 1-800-MERRILL (t-800-637-7455) This Statement 793.75 229.30 i, L24.30 298.14 2,445.49 Message No Items For Attention Yea~to-Date 19,116.04 3,067.17 24,968.63 3,248.95 50,400.~ Date This Statement Last Statement Previous YeaPEnd 936,31 885.76 1148.08 1.22% 1.43% 1.?i% 5.0~% ~,97% 5.47~ Cash Flow Summary Activity Summary Th;e Statement Opening Balance Cash & Money Accounts Net Credits & Debits Closing Balance Cash & Money Accounts 229,667.76 7,445.49 237, I~.3.25 Bank Deposit Interest Summary Money Account Description Merrill Lynch Bank USA Merrill Lynch Bank & Trust Total ML Banking Advantage Year-to. Date 48,382.81 ACCOUNT Credits Sales Income Funds Received Eleclronic Tf~s Other This Statement Year4o-Date 5,O00.00 60,&O0.O0 2,445_49 50,400.76 11,76~.99 Total CredY(s Debits Purchases Withdrawals Eleclronic Tfm CMA Checks Olher 7,445.49 122,565.75 Total Debits Opening Average Deposit Balance Balance 98,611 98,503 130,117 133,914 228,728 Current Yield % 1.24 1.24 This Slatement interest on Deposits 9~.20, 132.10 229.30 Year-to-Date 10,375.77 63,807.17 74,182.94 Closing Balance 98,596 i38,217 236,813 Realized Capital Gain and Loss Summary* This MoMh Shoat-Term .0o Long-Term .0 o *Excludes transactions Ur which we have [nsufEcien! date. Year-to-Date Realized Monthly Capital Gains and Losses ~Quantity Security Description Dab of Acquisition Date of Liquidation 5000 CA.'.IFOR_NIA PA AREA SCH N/A 11/15/02 N/A - Resulls which cannot be calculated because o! insufficient da;a are re§ected by an N/A unity in Ihe capiEal gain or (ross) column a~d are not included in Ihe m~lJzed capita[ gain and loss summa.~y. 4- CLYDE E SWITZER 'FTEE Page Sta{emen! Period ^c~ount No. 5 of 14 11/01102 TO 11t29/02 872-16670 007C'24 8~97 Sales Pdce 5,000.00 Current Portfolio Quantity Security Description Cash and Money Accounts CASH 2 3~, 813 ML BANKING ADVANTAGE Total Cash and Money Accounts Corporate Bonds 1, 00D MERRILL LYNCH & COMPANY DEP SHR=I/40OTH OWNERSHP INTR IN 9% CUM SERA PFD 400 NB CAPITAL CORP DEP RCPT DEP SHS RPG 1/40 PFD EXC 8.350% SR A 4o0 CONSECO FINANCING TR V DEF INT TR ORIG PFD SECS 8.700% SEP 30 2028 CUM Total Corporate Bonds Municipal Bonds 20, ooo PENNSYLVANIA ST HIGH EDL FC RV 1ST SR RF OlD MBIA JUN9$ 05.000%APR01 21 MOODY'S: ~ S&P: AAA ].o, 0oo ~ouq-H FORK MUN AUTH PA HOSP REV RFDG OlD MBIA JANg? 05.000%JUL01 06 MOODY'S: AAA S&P: AAA ORIGINAL UNIT COST: 102.39 20, 0oo ERIE CO PA HP AT RV HLTH FC ST MARYS HM OlD RAAI OCT99 05.550%AUG15 11 MOODY'S: '*' S&P: AA 20,000 MONESSEN PA SCH DIST SERA OlD AMBAC MAR98 04.800%SEP01 12 MOODY'S: AAA S&P: AAA Date Acquired ACCOUNT Adjust/Unil Total Estimated Estimated Coat Cost Market Market Basis Basis Price Value 300 300 1.00 236,813 1.O0 236,813 237,113 237,113 N/A N/A 28.40 28,400 08/27/98 27.35 10,940 26.68 10,672 o8/2o/98 CLYDE E SWITZER 't-FEE Page 6 of 14 25.00 t0,000 .25 100 Unrealized Gain or (Loss) N/A (268} 20,940 39,172 (/0,168) ~-1/16/00 94.6L 18r923 100.00 20,000 04/30/98 101.04 10,104 107.77 !0,777 N/A N/A 106.49 21,298 N/A N/A 103.79 20,758 ~7~4 N,tA Estimated Estimated Current Accrued Annual Yield Interest Income % Stalement Peff~d 11/01/02 TO 11f29f02 Account No. 872-46670 1,076 161 673 206 N/A 321 235 2,936 1.24 2,936 1.24 2,249 7.92 835 7.82 3,084 7.88 1,060 5.30 500 4.63 1,ii0 5.21 959 4.62 ACCOUNT Current Portfolio AdJusfJUnit Total Eslimated Estimated Unrealized Estimated Eslimated Current Date Cost Cosl Market Market Gain or Accrued Quantity Security Description Annual Yield Municipal Bends 20,000 MONTGOMERY CO PA HGR ED HLTH ATRV MTG WAVRLY OlD JAN96 08.000%JAN01 13 MOODY'S: '*~ S&P: BBB 20,000 PENNSYLVANIA ST MBIA JUN99 05.000%JUN01 13 MOODY'S: AAA S&P: AAA 20, oo D PHILADELPHIA PA GAS WKS REV FIRST SER 8 OlD FSA JUN98 05.000%JUL01 MOODY'S: AAA S&P: 15,000 PENNSYLVANIA ST OlD MBIA JUN99 05.000% JUN01 MOODY'S: AAA S&P: 20,000 V~PENNSYLVANIA ST HIGH EDL FCS AT HLTH SVC RV A OlD MAR96 05.750%JAN01 17 MOODY'S: A3 S&P: A ORIGINAL UNIT COST: 100.02 20, 00 0 CUMBERLAND CNTY PA MUN AUTH REV PRESBT HMES OlD DEC96 06.000%DEC01 17 MOODY'S: "* S&P: BBB+ 25,000 r CENTRAL DAUPHIN PA SCH DIST SER AA OlD MBIA OCT98 04.625%DEC01 17 MOODY'S: AAA S&P: AAA ORIGINAL UNIT COST; 92.75 25,000 SOUTHEASTERN PA TRANS AT PA SPL REV SERA FGIC FEB99 05.250%MAR01 18 MOODY'S: AAA S&P: AAA 20, o00 ALLEGHENY CO PA HOSP DEV AT REV HLTH CTR OlD MSIA N/A N/A N/A 97,12 19,425 ~/A 493 1,200 6.17 06/10/99 ~00.00 20,000 105.60 21,160 /,160 494 999 4.72 ~2/17/99 92.95 18,591 103.79 2D,758 2,167 411 999 4.8i 06/10/99 98.09 14,713 103.7~ 15,556 843 371 749 4.82 05/30/96 100.01 20,002 102.02 20,404 402 473 1,~49 5.63 N/A N/A N/A 99.73 19,947 N/A 593 1,199 6,01 12/08/00 92.99 23,248 100.23 25,058 1,8D9 572 1,156 4.61 05/11/00 99.89 24,974 104.29 26r074 ~,lO0 321 1,312 5.03 N/A N/A N/A 101.33 20,267 N/A 507 1,024 5.05 - + CLYDE E SWITZER TFEE Page ? of 14 Stalement Period 1111)1102 TO 11/29182 Account No. 872-46670 ~r7~24 8t97 Current Portfolio Quanti~y Security Description Municipal 8ends MAR98 05.125%DEC01 18 MOODY'S: AAA S&P: AAA 10,000 20,000 ~MCGUFFEY SCH DIST PA OlD AMBAC NOV98 04.750%AUG01 lg MOODY'S: AAA S&P: ~ ORIGINAL UNIT COST: 103.20 BRADFORD CO PA IDA COML DEV RV SERB GTD AMT DEC95 05.900%DEC01 19 MOODY'S: BAA2 S&P: BBB 20,000 30,000 20,000 PHILADELPHIA PA HSPS & t-IGR ED FCS AT HSP RV OlD NOV92 06.500%NOV15 22 MOODY'S: BAA2 S&P: BBB PHILADELPHIA PA WTR- WASTEWTR REV OlD MBIA AUG93 05.250%JUN15 23 MOODY'S: AAA S&P: AAA ORIGINAL UNIT COST: 95.76 ERIE CO PA HP AT RV HLTH ST MARYS OlD RAAt OCT99 06.000%AUG15 29 MOODY'S: "* S&P: AA 15,000 PITTSBURGH PA URBAN RDV AUTH MTG REV C RFDG AMIr SEP97 05-950%OCT01 29 MOODY'S: AA! S&P: AAA 25,000 SCRANTON PA SCH DIST NTS RFDG OlD MBIA JUL01 05.000%APR01 31 MOODY'S: AAA S&P: AAA Total Municipal Bonds Date Acquired ACCOUNT Adjust/Unit Total Estimated Estimated Unrealized Cost Cost Market Market Gain or Basis Basis Price Value (Less) 09/10/02 ]03.OB ~0r308 99.87 9,987 98.42 19,684 N/A N/A N/A 98.99 19,798 09/09/99 96.06 28,818 100.68 30,204 CLYDE E SWITZER TTEE Page 8 of 14 N/A Stalement Pedod 11/01102 TO 11/29102 N/A N/A L06.15 21,23Z N/A N/A [02.99 15,449 N/A N/A 98.94 24,736 Acoount No. 8724667O 1,386 Estimated Accrued Interest 156 583 51 Estimated Current Annual Yield Income % 474 4,75 1,180 5.99 1,299 6.56 717 1,574 5.21 347 144 201 189.684 ~02.581 10,296 7,357 (~?024 8t97 1,199 5.65 892 5.77 1,250 5.05 21,296 5.29 Account Equity Weighting by Economic Sector A * F~landals 11% D - Consumer Cydlcals B - Services 7% E - Capital Goods - Technology C - Consumer Staples 39% F - Capital Goods - IndustNal 3% G- Energy H - Basic lndust~es I - Transportation 9% J - Utilities 7% 7% K- Unassigned 0% Current Portfolio Date Quantity Security Description Symbol Sector Acquired Adjust/Unit Cost Basis Total Cost Basis Estimated Market Pdce Estimated Unrealized Estimated Cu;rent Market Gain or Annual Yield Varue (Loss) :ncon~e % 1,061 AXC~LI5 TEC}{NOLOGIES INC ACLS (~.) N/A 80 A%'AYA INC DELAWARE COM AV (E) N/A l0 ** AGERE SYSTEKS II~-C DEL A AGRA (~} N/A 358 ** AT ;~D T WIRELESS SVCS A~iE (E} N/A 253 AGERE SYSTEMS INC CL B A/~RB (K) N/A 222 ** AT&T CORP T (E) N/A ~68 ** A~t~R INTL GROUP INC AiG (A) N/A 854 ** BELLSOUTH CORP BLS (j) N/A 854 ' * BELLSOUTH CORP N/A 1,708 Security Sub-Total 360 *" COMCAST CORP NEW CT, A CMCSA (B) N/A 400 CORN PRODS I~TI"L [NC CPO (C} N/A 3,200 ** UAMPBELL SOUP ~ CPB (C) N/A 825 ** CIGNA CORP CI (B) N/A 100 EASTJ. tAN CREM!CAL ~O COM EMN (H) N/A 300 EASTMAN KODAK EK [E) N/A 900 EATON CORP ETN (F) 3,200 ** EXXON MOBIL CORP COM XOr4 (G) CLYDE E SWITZER TTEE Page 9 o!14 Slatement Period t1101102 TO 11/29/02 N/A N/A 8.1v 8,66B N/A N/A 2.90 232 N/A N/A N/A [.38 13 N/A N/A N/A 7.55 2,702 N/A N/A N/A 1.4! 356 N/A N/A N/A 28.04 5,224 N/A N/A N/A 65.15 56,550 N/A N/A N/A 27.80 23,741 N/A N/A N/A 27.80 23,7~1 47,482 N/A N/A 23.44 8,436 N/A N/A N/A 29.67 11,868 N/A N/A N/A 24.15 77,280 N/A N/A N/A 43.53 35,912 N/A N/A N/A 39.!3 3,9t3 N/A N/A N/A 36.92 11,076 N/A N/A N/A 75.87 68,283 N/A N/A N/A 34,80 1[[,360 N/A Account No. 872-46670 163 .28 663 2.87 563 2.87 Ir365 2.87 160 k.34 2,016 2.60 1,089 3.03 176 4.49 540 4.87 1,584 2.31 2,944 2 · 6n- ACCOUNT Current Portfolio Date Quantity Security DescripUon Symbol Sector Acquired Eqrdties '* GENERAL ELECTRIC GE (F) ~* HERSHEY FOODS CaRP HS¥ (C) N/A ** J P MORGAN C~ASE AND CO JPM iA) 10/23/01 ** LUCENT TECHNOLCG!ES INC LU (E) N/A ** LUCENT TECHNOLOGIES INC N/A Security Sub-Total ** 5~NA CORP ~OM KRB [A] N/A ** 5~NA CORP cam N/A Security Sub-Total ** NCR CaR? NEW NCR (E} ** ORACLE CaRP $0.~1 DEL ORCL (E) 05/10/01 ** P P G I~USTRIES INC PPG (H) N/A *' PFIZER INC DEL PV$0.05 PFE (C) "* SYSCO CwORPORAT]ON SYY (C) 10/23/0i ** VERIZON COMMUNZCATN$ cam VZ (J) N/A ** V~ACOM INC CL B VIAB (B) N/A 4,800 1,200 400 480 480 960 2r025 1,012 3,037 46 30O 1,600 9,000 40~ 868 Adjust/Unit Total Estimated Estimated Unrealized Cost Cost Market Markel Gain or Basis Basis Price Value (Loss} H/A N/A 27.12 N/A N/A 64.39 36.43 14,575 25.17 N/A N/A 1.77 ~/~ ~/~ 1.77 N/A N/a ~1.34 N/A N/A 21.34 N/A N/A 27.60 ~7.67 5,30~ 12.i5 N/A N/A 50.08 N/A ~/A 31.53 24.99 9,998 29.42 N/A N/A 41.88 N/A N/A 47.01 .29, 130,176 77,268 10,068 8{9 8{9 1,699 43,213 21,596 64,809 L,269 3,645 80r128 283,770 11,768 37,524 40,804 1,193,292 Estimated An.ual Income Currant Yield % (4,507} N/A N/A N/A N/A N/A (1,65~) N/A N/A 1,769 N/A N/A 3,456 1,572 544 567 283 85~ 2,752 ~,679 176 1,379 2 2.03 5.40 1.31 1.31 1,31 3.43 i .64 1.49 3.67 (4,394) 2~,448 2.13 Current Portfolio Quantity Secudly Description Mutual Funds and Defined Asse! Funds Fixed tncome Funds 1,574 ~.L'q~IHOLDINGS INSD FD II INITIAL PURCHASE: CLYDE E SWITZER TrEE Page 10 of ~4 Total Clien[ Investment 02/24/00 $!6,730 Statement Period 11~01/02 TO 11129J82 Cumulative Total Estimated Estimated Investment Cost Market Market Return 13asis Price Value $2,735 16,73~ 12.38 Accoun! No. 872-46670 0,3 ~024 819;' 19,~86 U~realized Gain er (Loss) 2r755 Estimated Annual Income 1,334 Current Yield % 6.84 ACCOUNT Current Portfolio Quantity Sscurtty Description Mutual Funds and Defined Asset Funds 1,0D0 MUNIYIELD INSD FUND /NC INITIAL ~URCHASR: 57/22/98 1,300 MUNIYIELD PHNN INSU FD INITIAL PURCHASE: 10/22/01 Total Fixed {ncoms FuNds Total Client Investment $15,261 $19,942 Cumulative Total Estimated Est{eared Unrealized Estimated Current Investment Cost Market Market Gair~ or Annual Yield Return Basis Prfce Value {Loss) Income % ($1,401) 15,261 13.86 13,860 (!,40!) 967 6.97 [$1,196) 19,942 14.42 18,746 (1,196) 1,309 6.98 Total Funds $158 51,933 52,092 158 3,610 6.93 $158 51,933 52,052 158 3,610 6.93 TOTAL CLIENTINVESTMENT: Cost of shares direclly purchased and sllll held. Does ~ot include shares p~rchased through reinvestment. CUMULATIVEINVESTMENTRETURN: Estimated Market Value minus Total Clien! Inveslment. Cumulative Investment Relum is Ihs capital appreciation (depreciation) of all shares purchase[t, including shares purchased through relnveslrnent. Total of Long Portfolio Total of Estimated Accrued Ir~erest *- Excludes N/A Ilems UNREALIZEDGAIN or (LOSS): Eslimatad Mankel Value minus T~4al Cost Basis. Provided for Tax Planning purposes only and [s not applicable to retke~ent accounts "denoted by H/At INITIAL PURCHASE; Dale of ),our initial inveslment }n ~s fund. 529,547t 1,924,251 {4,108)* 56,377 2.93 7,357 Bonds purchased at a premium sho~, amorliza~on r Bonds purchased at a discount shiny acc~eUon Raling curmr~tly unavailab{e or not rated/umated as provided by Raring AGency or recognized ir~ustry wide Ihird party vendor souroe. Monthly Activity Date Tmn sactio n Quantity Description Security Transactions 11/15 · Redeemed -5,000 11/19 Exchange - i, 113 11/19 Exchange 222 11/22 Stock Dividend 360 Net Total CALIFORIqlA PA AREA SCH BLD~ AT RV MBEA ETM CLD DEC77 05.750%MAY15 03 AT&T CORP COM AT&T CORP COMCAST CORP NEW CL A HOhDiNG t//3.OO00 PAID BY AT & T CORP CLYDE E SWITZER 1-FEE Page Stalemenl Perfod Account No. 11 of 14 11101102 TO 11/29f02 872-46670 8197 Price Debit Credit 5,000.00 5,000.00 Monthly Activity Date Transaclion Dividends and ;,~te~est 11/01 ' Dividend I!/01 * Dividend 11/§1 * Dividend 11/15 Coupon Interest 11/15 Bond Interest 11/22 ' Dividend !L/27 Dividend il/27 Dividend 11/27 Dividend 11/29 ~ Bank Interest Income Total Net Total Monthly Activity Date Description Money Accoun! Transactions LL/04 ML BANKING ADVANTAGE LI/I$ ML BANKING ADVANTAGE 1i/25 ML BANKING ADVANTAGE Quantity Deposits 1,668.00 5,793.00 396.00 CW ACCOUNT Description AT&T CORP COM HOLDING 1113.0000 BELLSOUTH CORP HOLDING 1708.0000 VERIZON C0b~IUNICATNS COM HOLDING 896.0000 CALIFORNIA PA AREA SCi{ BLDGAUTH REV MBIA ETH D~C77 05.750%~Y15 03 PHILADELPAIA PA HSPS & HGR ~D PCS AT HSP RV OID NOV92 06.500%NOV15 22 EATON CORP HOLDING 900.0000 MUNIYI~LD INSD PUND INC ~OLDING 1000.0000 MU~I¥IBLD PENN INSU FI) ~OLDING 1300.0009 M~3NI~OLDINSS [NSD FD II HOLDING 1574.0000 BA~K DEPOSIT INTEREST ML BANKING ADVANTAGE Withdrawal s Date Total Net Total Pdce Description Debit Deposits 7,857.00 7,85'7. O0 Credit 4t.74 341.60 344.96 143.75 650.00 396.00 79.08 106.50 112.54 1.30 228.00 2,~5.49 Withdrawals I I D CL¥OE E SWITZER TTEIE Page 12 of '!4 Staiemenl Period 11101/02 TO 11129t02 Account No. 872-4667~ 0,37024 8197 ACCOUN~ Tax Information Summary This Statement Yeor-to-Dste Accrued Interest Paid Tax-Exempt S 5.4 2 Reportable Accrued Interest Received Tax. Exempt Reportable Gross Proceeds $, 000.00 60,413.81 N~ough we provide complete year-to.date irtfmmnfiort fix Repo,-tnble Accrued interest Received, Aa:rued Interest Paid and Tax-Exempt Ao:xued Interest Re~eived and Paid inctude (mi,/those rrmn{hs we produce your profit and loss statement. Customer Se~lce For inlbrmation aTx)ut your acoount, please call 1-800-MERRILL (1-800-637-7455). To repod Lost or Stolen Visa Cards or Checks, please call !-800-262-5678. CLYDE E SWITZER TTEE Pa~e 13 oj14 Slatemenl Period Account No. 11./01/02 TO *'t 1/29/02 872-46670 O07024 6197 Accou z ~.Agre~..menL,,Regardlqg Ye.ur S .~u.rilies. Acx~9_. unt a~_d Olhe. r ~p.o...,rta, nt In..f.orm.a..IJ ,mi .. YOU, the Gl!ertl, arm we, Memll LyllCn, Pierce, l-e~ner & bmlm InC. tMemll Lyncnj, a§reeasfc~lows: (!) ,Wq .will direct your order fg.r a security or option to the mafl<atplac8 we consider to beths l~lmary marKel IOt' that securlly or oplJon. (2) We will hold bonds and I~.mred, stoc..,ks in bulk .s. egyegallon (ex.ce~.l'o..r Ihose held in custodian . . ,accou..nia.). ,.In, Ihs ev,ent pt a .call. El[ less.t, nan a,n .ep.~m, is.,~ueor seriesoflhose secud, fies, the securi[iesmo De calleo wm De fanaormy seleclecITrom moss nela m PULE. [:~},.W~e a.re not re.~ondbl..e~or the. Io~s or de. Mruqlio.n o! .~,e~rlties. that are PI[ac!. d in Ih(~ .qustody ~ a non- u.~). DanK. or O~OKer or ol.ner.cusloolan,.,ano are lOS! or ae.s.w, oyeoes a resul[ aT war~ civil oommoiJo~, enemyacmio~, government acmso~ any omar causes~eyo~o me control of the (~epOSlkOry or us. (4) This statemenl aLr account shall be deemedconclusiveir not ol~ectedto within ten {ID) days. {.5) W_.R receives feq from aortic!noting .IQslit.uliorts o! up to.;Z% .per annum of the average,al[oily balances trJi~,,l~A .~og.ram. m Ir~a RASP' aha nduuA txograms, mis Tee is up to .50% ann is palaDy our amiJmeo esI1KS. (.6) You'll have Ihs dgh[ toyota full sha. res, a.nd wa may solicit in~'truclluns concerning l.ha votim~ 9f full sDa.,res.h, eld in. yp,,r .ac~o_unt~ The votip~ snaresiD, your .aJ2~¥nt wilLbe gDye[ned, by t.he rujes, and j~.plJc~ 01 tl]e .RI.aW Y .4.4.4.4.4.4.4.4.4~fK btoCK ~.xcn. a.~geafla ~pe. ~ecunnesann t=xcnangec.;ommls$1on men iff emac4, or other appHcal)le excnengesor regumto~ p~owsmns. {7) This. statement .s, ervesas a oonfirmation of pu.rch, asesthat result from automatic mlnvestment uansactions, as wet~ as yoqJr AlPS l[ansacllons, aunng the statement patios, (8,) As qn option cli~l, pi.es,sas .dy. Iseyou.!' Merril~ Lyn..~...flnB,~c[al ,stir. leer.promptly of .cnangetp yau..r inves[men[oDjq,cqive,sor T,nanci~] conditiom inaiviqum opuons cornmiss~pn cn~rg~rmve oeerllnClUOe~ irt your c_,~'larlTh311on; nowevar, a summal~j of tlhl$ imOrllna[ton will be maQe available to you upon request. (9) AJ! tfan, qa.caons.in.,your a...cxx)unt a. re subJec~to ,th.e conp!jlufip, n, .mips, reg.u, lalEons, .customs,.usages., rutings an.d i,merp..re, rattans aT t. ne, exonangeo, r marK.qt, @.hq IlS c,~e.anng .no~..se, LT.a..ny, w~ereJhe~tran.saclmns are execmea,ana It not execu[eaen any axc~3ange,meNalione[ Associamlon aT =ecuril[esuealers, mc. (10) W.e Irade far our o~'n accounts as.an odd lot de..~ec a blac~( posJtipner and/or .orbit .r:a..qeuA .,At the lime .or any ~ransaoti~.. m your ,accoum,,we. pr an a .r~ja.,le ,may n[~ve a song or snort posllJa~n m me same seclJmy. Bna our posmons may De comp~etemy or parually neagea. (11.)..We can useyo.,ur frae cra, alit balan~.ln our busine.ssand sU..ch, lq, rids are ,not s~.g[egalqd,. You hav.ethe ~g.fii, io receive, in. [ne. no.m~, m course or ousiness, any tr. ee creat ~.a anceana any Tu y pOlO sectJr Ueslo WnLCn you are emitleo, subject to any open comrnllments in any or your accounts. (12)~ M. err$1l Lynch's .f.i,nanc/al stat. e. me.r]t is..a.v.ailab[e ~.r, yAur._lnspe,cl~c: ~n et. our qrl[iC~., oj: a copy. or It. wi.il be (13),if. this .sis. lame.hr I.s for a, margin ac~x)u~.t ma, intain,~ through ~e Inveslor .Credll. Li, ne service,it is a cemmn .e~.smrem..en) ,o[ your. ..margtn_,accoum aha s. pecml .me.m. panaum .acceum re. streamed io.r .you g. ursuR.qt to~p.l~lceD. Le..mgtjtatLons. j nepql~nanenL rec(xa .aT Toe sepa~a.&ea.ccou.qt, as.r .squires..m/ .. r<egulauen m. ~s avamme.tor, ymj. r.mnsp.ec!mn upa.ri, mque~..You sn, ou, m retain ,[,nls .si. atom.oraTor, us_,ewi[n yqur n~xt`statemeptt, o ~.~lcu~aLeip!.eres.t c. narge.s ir any Tar m.a, I~.r~a covereapy .~.~s ~ta.mn~em. !,ne ~nzeres~ c.rmrgp p. ang. a, wa pq. rs,1~e~ne sm. Lames ~er oa,'pxceRt, mnat jrt. rarest duerer me mmal say of me slaternen[ parma wih De car~iea over aha appear on next monm's s[ate[~nl. 1,14) The Se. curilie.s,l~¥eslor Pr.~.ec[Ion Carp.oration (SIPC) and .our ex. cess-SI,PCbo,nd do not cover assets !nat are not securkiesor assetsmar are nox neld at Nlerril. I. L~cn, s~ctq as casnon aepo,sit at ~Merrilr kynch..Sank. USA,..Merril/_Lynch BeLnk & Trust C~), or .f~ner ael~. sitarv instl~ullons, aAg cerUrlcetes g. epomx .purcna.s.ea ,m.,m.ugn .Merrill. Ly.nch: T.hp, [se aepps tsars [¥o[ecte.d~v the Federa~ ueposit Insurance q.;~r3x~afion~ Mernml LYnCh is m)_t =Da_nj<. unLqss_o_th_e~¥L~e ~lis~tosea. ID_Vestmenlsth[o_ugh .MeJ[~l Lynch ARE NOT FD1C.INSUREO, ARE NOT BANK GUARANTEED, 'AND MAY LOSE ~'ALUE. P~es and Valuations .While we, ~elie.v.e a.u.r pr[al.n§ in[.o~ma.~o.n to ,be re. lis. hip, we.(:an.qot g~a. rantqeits a.cc~_racy. . . Ha..n, age.a, I russ .umts :?m~..mammn. ~s...qaseaon .aam..F .om m,e MemR. Lyn.cn lrus.[ uampa.ny ..o,r_it..s agent. meL[ne.r, tnb I rL~Sl nor its units are Ilelo 1~3 your Mernll Ly~lcn ~co~Jrt[ an(] are no[ subject td pro(action, Ins. uranceP.oFi..cie, s: 1.nfo[ma. lk~.. is bs. sed..on da.to from_ the, neuter Ihat. Is.,sued. t ,he policy. M~C~H Lynch !s nam respo,n.6L]¥a[o..,r 1.13e c,amUlation, or poticy, va!uss.. ¥,~mes,a. re .qenera~[y not ri.etd I..n...y(~u~ r ~enili Lync, n accoum~..E~nner.nml ..Lynch a.s custodian or mrustee nares a po~i,,"y that is a security= ~tP~L.; protection ana e.}cce~§- ~tP'q.,p.r.o[ec~).~n ap. pips ...... F~xee:mnc@,m.e~untms..:¥ar~et~v.a,L. ue~sare esli ,m.a[ea.vauesobtained. from .v~a. rio, u,s sour.c,.e, sand ma), b,e Das.ea.o~. o~a,s, pnces, wnn[n me Diet.oF. er spt.a.a., e, c~os, fig p~c, es,, a maFi.x rn_~moao~c~y uLu ziqcj 9e. neral rnam..e.t !ev.e)~,tha v~ue .or oomparame se..mJrirdesana~gr 8n. ar. yuc, mgae~s. ~,ri~ .ng.esqmateso.o, nm... cansaLqxe Dias or ,oners [o pu(cna.s, eor .,se~ a,ny sec~_ nty..Am.ua[ p.nc. es rea?zoo at sara, or pai[z et me lime aT purcnase, may oe more or fessma~ me value re,ecrus on me s[amment. Prices and Valuations (Conl.) ,Co. aDalq: C,4:~5! .cla. laand, aoqqisill~n dalesfor s. ecu.ritiesnok,pu, rchas.ed, ln you[,ac,.cgunlor p.u. rchased. gemfe ennan.qeo.s~qt, emer~ .s. er~.cesgegan qe,pmerpa .~aqu. ally ]rom a.ala pr(~qea_Dy y~. MOSt .CAS. ~ . rlgur.es ~re eojuAt, ao mr c~p. ~.1, .cn.an, ges, in. puaipg iaen[maDLe m~ums or .pr.ihql~,f, al~er en..npn~astal .em, en~ service. D. ega.n., i~laasarevLaw trlls ~rtTmmaaon mr accuracy, aswa ca~qno[ ne nolo respor)slDlefor 0111lEeS or mstama oats. ReallzedCaoital Gain end Losses ~/er~us ~xJrcha~..e (ySP.) .m'.ver.$uss.~a (VSS)datesar~.,usod in palcqlatlnggains,an.d I.osseswhen ~'ou ,, gesigna.,mspea. L.;clax lOtS ~..r uquiqalJoh..cpnsi.staq, l~m.you.r m.x pmnnmg, in~s %ealum may n...ot coverall ]mnsac!lons. K..~aseconsul.l. ymJr tq~<,aav,,sor to.qelelTnme~q laX. cgnsequen.ce~.T your se(~. niles transa .ClL.e.fls, .vYnen oomputmo .ca!flat gains a .m3 losses .we sznve_, p ,De ~ccum..le. H. owever, l.n.e , .c~)n~,.ula.. ! en.sn.own on. your ~smte ,m. e.m(~oesno, l cxms~tute q~..o_mciaJ, acco, unl~ng ~ gains a.n.d IO~S. es,one Me, nit Lyf!ch czoesnot redan can!roi es!near iosses[o Ihe/.I-(.:~. ina ennanoeas~alememisnot a ~.ubs. lllq. le~or .y.o, ur .oy/.n. yScords dnd th% Consolidated Tax Reporting Statement (Form1099). _~ymnois, a.rl~ ~orewapo~8 .__ ~ imeresres;__,mpone(~ to INu · Gmes Proceedsreported to the IRS. I~'A Value and/or cost dais not available. · Divldend..s reported to iihe. J_R_S. NIC Not CalcuJe[qd ., .;,~_ Lra. BSaCll..Ops repo..tied to I..RE, N/N Non.nel~otiaDle securlces r~u~c; up. mlons~rearing uorp. ommion. NIO ~qld re~isleredLn your name. *,; _Merdll .l~nch maint~ms, a.lunda..m~nial opipion oll th~.s (:x2~. p~.Dy' ......... ~ m.rpn.seCLlo, n .yoLI requ. esleorequ~.reosame-.oaypf).ymem. Mer~'lll Lyncrt remmea mst oay's ammeno to __ofjset,cost o~.aovanq.ng.paymem on your qapmr.. ..... ~u_. ~on~,s a~elc.nang.eam, m.m.m .cou, po.n to .m. pjsle~aano vice versawflnou[ cnmga. re Sterenlor rmcl arvn Inle , . ~l~.l~n~.c~.lgIj ih. at o:l g~°o~laP.s, ec~nl~es resea~r~jmv{s on has [Iporad.d (I) or dowllgra~ed(O) its Nn,m~r~.e~nml ppinlon gn.a. ~u~ky, . .. ~ on-n o' smdllesn lo re is red In ~ur na~. Jntp~sls in asse~soq, t reglslereain me name or ~jor held by Merrill Lmm or ils .rx~mees.ana na~q by you qr reWsm.e~.mn y_ou...r~nam .e with themsueror its age. nj. ~ler~ilJ Ly~_.cn aoesrtg~ .con. mr.ol pr a.ci. as .c .usKx3~a.n..~q--u aha exces.sSIPC pl'otection a~) rtol apply. Tneseasse~sare IrlcIrJQa[i on this sm. lemenl solely as a serviceto you. CLYDE E SWITZER TTEE °°° END OF STATEMENT Parle Statemenl Period Account No, 14 ot~ 14 1'tl01102 TO 11f29102 872-46670 co~m4 sm'r liu n i YA YIELD ANALYSIS CONCESS I°N YIELD ............. no Conce~ion PRICE less concession = 100. YIELD-~ith Concession TRUE YIELD J less -'i'i!.- . - ..... Ausiralio ~1 -2 ~?// 8~00 P~-~zil 5511 3048 4500 Europe 44 20 7330 7~0 ~ermany 4~ ~ ~41'0 Hong Kon~ 852 2~ ~000 ~n 81 3 3~01 8~ Singapore ~5 ~12 10~ U.S. I 21~ 318 2000 Copyright ~003 Bloo~b~rg L.P. ~m~ ~un~ YA ~j~jYI ELD ANALYSIS CONCESS ION YIELD .................. no Concession PRICE less concession = 100. llEk~-u~h Conc~~on TRUE YIELD PAYMENT - ~'~:~,, I NCO ME . less ' ' - ..... Austr~ii~ 61 2 ~?/x 8600 Brazil 5511 3048 4500 Europe 44 20 7330 7500 ~ermany 49 69 920410 Hon9 Kong 85~ ~Z~ ~000 ~qn 81 3 3~01 8~00 Singapore ~5 ~1~ 1000 U.S. 1 212 318 2000 Co~ight ~003 Bloo~berg L.P. Muni YA YIELD ANALYSIS CONCESSION YIELD .................. no Concession PRICE less concession = 10:2. :205 YIELD-wi ±h Concession TRUE YIELD PAYMENT i- 1 INCOME Australia 61 2 977? 8600 Brazil 551i 3048 4500 Europe 44 20 7330 7500 (;ermang 49 69 920410 Hong Kong 852 2977 6000 Japan 81 3 3201 8900 Singapore 65 6212 1000 U.S. 1 212 318 2000 Copyright 2003 Bloomberg L.P. i~ ~ ~ 15, 11 I'lu n i YA YIELD ANALYS I S CONCESSION ~~~' ' ';~ YIELD ............ no Concess i on P~ICE less concession = ~7. ~ YIElD-~ith Concession PAYMENT -- less - _ .. :..~ : ~ ,.. ' "~ "':"~-i'.'-'~'"~ Australia 61 2 ~/~/ 8600 Brmzil 5511 3048 4500 Europe 44 20 7330 7500 Germong 49 69 920410 Hong Kong 852 2977 6000 Jepen 81 3 3201 8900 Singopore 65 6212 1000 U.S. I 212 318 2000 Copgright 2003 Bloomberg L.P. G9~-787-0 16-Jul-03 15=20=26 YIELD ANALYSIS CON ~ C YIELD ................ no Concession PlaICE less concession = 105. 984 YIELD-~i ~h Con~e~ion , ,...~, ~!,~,.., . ,~.~.~ TRuE YIELD... "::'," ..-.-,... PAYMENT ..... l ess i, :. i ' INCOME ~uziroiio Si ~ ~ 8¢~0 Brozii 5~11 3048 4500 Europe 44 20 ~330' ~500 S,rm~ng 4~ ~ ~0410 Hong Kong 85~ 29~ GO00 ~o~on 81 3 3201 8~00 Singapore ~5 ~1~ 10~ U.S. I 212 318 2000 Co~igh~ 2~3 Bloomberg Muni YA YIELD ANALYS I S CONCESSION PRICE - YIELD ................ no Concess i on PRICE less concession = 103. 888 YIELD-~J i t:h Concession TRUE YIELD i PAYMENT ~:: ~.:? INCOME less : ~' ~? ~ ~' ~.~ ~:: ...: Austr'~lic~ 61 2 :~??? 8600 Brazil 5511 3048 4500 Europe 44 ~0 7330 ?500 Germany 49 69 920410 Hong Kong 852 ~7 6000 Jopon 81 3 3~01 8~00 Singopore 65 621~ 1000 U.S. I 212 318 2000 Copgright 2003 Bloo~erg L.P. iB rg Mu n i YA YIELD ANALYSIS CONCESSION ~i YIELD ............. no Concession Pi~TCE ]ess concession = 'lO'7.E~E3E~ YIELD-~J i th Concess i on .,~:~. ;~._. i ..:._-!- - ........ '~.~ . :' , . .-- TRUE YIELD PAYMENT - - Austrolio 61 2 ~777 8600 Brozil 5511 3048 4500 Europe 44 20 7330 7500 ~erm~ny 4~ 69 ~0410 Hong Kong 852 2~?? 6000 Jol0on 81 3 3201 8~00 $ingopore 65 6212 1000 U.S. I 212 318 2000 Copgright 2003 Bloomberg L.P. ~922-787-0 16-Jul-03 'Bloom~[!t NCO ME I Iluni YA YIELD ANALYSIS CONCESSION ~~ YIELD ................. no Concession PRICE less concession = 104. 018 YIELD-with Concession '"_;'i 'i/i", ' , :' -., i!i.!:: I Austr(~lic~ ~1 2 9777 8~00 Br(~zil 5511 3048 4500 Europe 44 20 7330 7500 ~erm(~ny 49 6~ ~20410 Ho~ Kong 852 2~7 6000 Japan 81 3 3201 8~00 Singap~e ~ 6212 1000 U.S. 1 212 318 2000 Copyright 2003 Bloo~erg L.P. Hu ii i YA YIELD ANALYSIS CONCESSION~!'~ ~- ~ PR~ ]ess concession = ~0~, 0~ YIELD-wi lh Concession .....~ ~ .... .._ .~ TRUE YIELD PAYMENT I ess Austrolia 61 2 9??? 8600 Brazil 5511 3048 4500 Europe 44 20 733~ 7500 Germany 49 69 920410 Hong Kong 852 2977 6000 ~apan 81 3 3201 8900 Singapore 65 6212 1000 U.S. 1 212 318 2000 Copyright 2003 Bloomberg L.P. ~922-787-0 1G-~ul-03 15:39:50 I'lu n ~ YA YIELD ANALYSIS CONCESSION YIELD .................. no Concession PRICE less concession = 106. 740 YIELD--wi th Concession TRUE YIELD Australia 61 2 ~,¢/'/ 8600 Brazil 5511 3048 4500 Europe 44 20 ?330 ?500 Cermang 49 69 920410 Hong Kong 852 29?? 6000 Japan 81 3 3201 8900 Singapore 65 6212 1000 U.S. I 212 318 2000 Copuright 2003 Bloomberg L.P. 6922-?8?-0 16-Jul-03 15:42,19 IB rg ~YIELD ANALYSIS ;S'..' ~ ;- ~i:~'~:.: ? -! - '~ '.- :': .~: ~-~" ~' i f i :.:-"" ~.~ YIELD .............. no Concession PRICE less concession: 98. 628 ~ -; J ~?., TRUE YIELD " ' ~ -: ': ]ess ..... - Australia ~1 2 9777 8600 Sru~il 5511 3048 4500 Europe 44 20 ?330-?500 ~ermony 4~ 69 920410 Hong Kong 852 2977 6000 Japan 81 3 3201 8900 Singapore 65 6212 1000 U.S. 1 212 318 2000 Copyright 2003 Bloomberg L.P. B~m~rg Screen Printed YIELD ANALYS I S Hun i YA CONCESSION PRICE YIELD ................. no Concession PRI~E ]ess concession = 103, ~3~ YIELD-~ith Concession - ' ' ; ..... '' TRUE YIELD 1 ess - : Ausiralio ~1 2 ~//x 8~00 Bru~il 5511 3048 4500 Europe 44 20 7330 7500 ~ermany 4~ ~ ~20410 Hong Kong 85~ ~7 ~000 Jopon 81 3 3201 8~00 Singqpore ~5 ~12 1000 U.S. I 212 318 2000 Copyright ~003 Bloomberg L.P. Mu n i YA YIELD ANALYSIS CONCESSION YIELD ................. no Concession P~ICE less c0nc~ssi0n = 1OO.442 YIELD-~i th Con~e~ion ... ~::~..~ .:-~ TRUE YIELD PAYMENT eSS - ' INCOME , Australia 61 2 9777 8600 Brazil 5511 3048 4500 Europe 44 20 7330 7500 Germany 49 69 920410 Hong Kong 852 2~77 6000 Japan 81 3 3201 8900 Singapore 65 6212 1000 U.S. I 212 318 2000 Copyright 2003 Bloomberg L.P. Muni YA PRICE less concession = ~9. 214 I ! ,.' , INCOME less 'i. i : iiii -:i: 'i:-T:.~'!I ..: i :"i ~:-' :::: '~' !i::'::!ii~ : i '-'::':":: ' .... ' ' i .i ~ . ' : ' ..... ~ ~: :!~:: i!: ': "'J- >, ?, i iii:: :ii ...... Auztrolio 61 2 9Z?Z 8600 Brozil 5511 3048 4500 Europe 44 20 ?330 ?500 ~ermony 4~ 6~ ~20410 Hong Kong 85~ ~Z7 ~000 Jo~on 81 3 3~01 8~00 Singapore ~5 ~1~ 1000 U.S. I 21~ 318 2000 Copyright ~003 Bloomberg L.P. Hun i YA P~E ]ess concession TRUE Y~ELD PAYMENT Aus~r~li~ 61 ~ 9777 8600 BFozil 5511 3048 4500 EuFope 44 20 ?330 ?500 6ermony 49 69 920410 Hong Kon9 852 29?? 6000 J~pon 81 3 3201 8900 Singopore 65 6212 1000 UoS. I 212 318 2000 Copyrigh~ 2003 Bloombe?g L.P. G922-787-0 16-Jul-03 16~40:25 IB mberg i) NSRBtradeY I E L D PHILADELPHIA WTR (PA) PHIUTL ANALYS I S Muni YA S~ITT.W~ DATE 11/26/02 CONCESSION ---expressed in points (X) OR percent ( )--- PRICE 100 780 YIELD no Concession P R I C E les~ c~ncession -- I 0 0 . 7 8 0 YIELD-with Concession DOLLAR VALUE OF A 0.01% CHAN~E IN YIELD ADJUSTED DURATION EFFECTIVE YIELD: @ reinvestment rate of 5.249 =x 3 .oo oo o. oo AFTER TAX - ~h.X~BT,R EQUIVAT,RMT YIELD: @ 35.00 TRUE YIELD CUSIP: 717893AS0 6/15/23 /NTER~ST ACCRIIAL: 8/ 1/93 WORKOUT: 6/15/03 @ 102.000 CURRENT YIELD = 5.209 TO TO W OR~T ATURn 6/ /03 YIELD % TRBY 102.000 % TRSY 5.188 (99.7) 7.387 (757.1) 5.188 (99.7) 7.387 (757.1) 0.126 0. 005 12.233 0.521 5.212 (100.2) 7.338, (752.1) 5.188'(99.7) 6.617 (678 2) 7.981 (153.4) 10.180 (*****) 5.187 (99.7) 7.348 (753.2) PA Y M E N T FACE AMOUNT(1M) 30 I N C O M E to 6/i5/03 PRINCIPAL 30234.00 REDEMPTION VALUE 30600.00 less CONCESSION COUPON PAYMENTS 1575.00 161 ACCRUED DAYS 704.38 INTEREST ON INTKP~ST 20~67 TOTAL PA~ 30938~'~ TOTAL INCOME 32195.6~ Australia 61 2 9777 8600 Brazil 5511 3048 4500 Europe 44 20 7330 7500 Germany 49 69 920410 Hon9 Kong 852 2977 6000 Japan 81 3 3201 8900 Singapore 65 6212 1000 U.S. 1 212 3lB 2000 Copyright 2003 BloombeF~ G55B-T82-O 25-Ju1-03 Z2:18:54 Muni YA YIELD ANALYSIS l,..u NL.I- ~ ~ .1. UN PRICE less concession · . · -. =-..;~ ;': ~;.:_ ::. ~- ;.- .., .-...... - _ PAYMENT ! INCOME I ! ess ..... .......... Au,*ralia G1 2 ~?// $G60 Brazil 5511 3048 4500 Europe ~ ~0 ~0' 7500 Oermang 4D ~D D~0410 Hon~ Kong 852 ~77 $000 ~ap.n 81 3 3201 8~00 Singapor~ 65 ~212 1000 U.S. I 212 318 2000 Con,right ~003 Bloomberg L.P. JSm ~22-78~-0 1G-Jul-03 1~:43:50 liu n i YA YIELD ANALYSIS CONCESSION ~~ YIELD no Concess i on ~? . :;~ ~.: ~,,~,}~ ~.-~: P~E ]ess concession = Z04. 5~Z Australia 61 2 9777 8600 Brazil 5511 3048 4500 Europe 44 20 7330 7500 ~erm~ny 4~ 6~ ~20410 Hong Kong 852 2~77 6000 Japan 81 3 3201 8~00 Singapore 65 6212 1000 U.S. I 212 318 2000 Copgright 2003 Bloomberg L.P. ~22-787-0 16-Jul-OS 16:45~45 Iioombera Mun i YA YIELD CONCESSION PRICE ANALYSIS YIELD ............ no Concession PRICE less concession = 106. 460 YIELD-with Concession TRUE YIELD PAYMENT - INCOME Australia ~1 2 ~??/ 8G00 Brazil 5511 3048 4500 Europe 44 20 7330 7500 ~ermany 4~ ~ ~20410 Hong Kong 852 2~77 ~000 Japan 81 3 3~01 8~00 Singapore ~5 ~212 1000 U.S. 1 212 318 2000 Copyright 2003 Bloomberg L.P. ~-787-0 l~-Jul-03 1~:54:01 llu n i YA YIELD ANALYSIS CONCESS'ION - ~~ PRICE YIELD ..........no Concess i on PRICE less concession = 101 . 588 YIELD-uJith Concession . . . .... . ~:,~,~ TRUE YIELD PAYMENT less ' ' ' . INCOME Austrolia 61 2 ~/// 8600 P~ru~il 3511 3~48 4500 Europe 44 20 7330 7500 Germany 49 69 ~0410 Hong Kong 852 2~77 6000 Jqp~n 81 3 3201 8900 Singapore 65 6~12 1000 U.S. I 212 318 2000 Copyright 2003 Bioomberg L.P. <HELP> for explanation, .... ,,~,~, for similar functions. Equil!! DVD Hit ¢ <GO> to view details. DIVIDEND/SPLIT SUMMAEY E.K US ERSTMRN KODRK CO . -. , :: -: '.. ,:-~, ~ ".i .~: '~. 6,82% ' -" i,i'_ ........ "i .......................... _o .......... _'_ ..... ..:;; L_-2_...:':." '-" :'~;: :' ,4SZ _ .. Cu~'renoy: ~D ........ 12NTH DIU YIELD Graph Selections . .. 4 ¢;'; Both .................... ..:~:. 6ross Yield ,;:.: Rdjust for Splits MAR94 NAR95 NAR96 NARg? NAR98 MARg9 NARO0 NARO1 MARO2 NAR03 ...... // &O/ VO 2)10/11/02 10/30/02 11/ 1/02 12/13/02 .-" .90 Regular Cash 6/ 3/02 ?/1G/O2 .90 Regular Cash 12/ 3/01 12/20/01 _ .45 Regular Cash 9/ 4/01 10/ 1/01 .44 Regular Cash G/ 1/01 7/ 2/01 - .44 Regular Cash 3 4/11/02 5/30/02 810/12/01 11/29/01 5) 7/25/01 8/30/01 B 4/25/01 5/30/01 ~ 2/ 8/01 2/27/01 3/ 1/01 4/ 2/01 . Regular Cash 8)10/ 2/00 11/29/00 12/ 1/00 1/ 2/01 _,i.! .4'~ Regular Cash Austr(~li(~ 61 2 9777 8600 Brazil 5511 3048 4500 Europe 44 20 7330 7500 Cermc:ny 49 69 ~80410 Hong Kong 852 2~77 6000 Japan 81 3 3201 8~00 Singapore 65 6212 1000 U.S. I 21~ 318 ~000 Copyright ~03 Blooiberg L.P. <:HELP> for explanation, <MENU> for similar functions. Hit ~ <GO> to view details. DIVIDEND/SPLIT SUMMARY HS'Y' US HERSHEY F00DS CORP YIELD Graph Selections ~. Both Gross Yield Rd just for Spl i ts Equit§ DVD ................................................................... 3.00 .... - 2.50 1.50 ~R94 MAR95 MA~6 MARg? MAR98 MAR99 MARO0 MAR01 MAR02 MAR03 ....... .: ............................... . ........... *~=?~.~ ........................ ~.~ ........................... UaPteP ] y =~._:-:,. ,~ ?: .:. ,:: .-. --'.:"- .-. ~,::~ -~ ............ ;c-'l]--': ........................... r ............................... D 2/12/03 2/21/03 2/25/03 3/1~/03 3275 Regular Cash 3275 Regular Cash 3275 Regular Cash 30ZS Regular Cash 3025 Regular Cash 30ZS Regular Cash 3025 Regular Cash ])i0/ i/0z ii/z0/0z ii/zz/0z iz/i3/0z .. 8/6/02 8/zi/oz e/z3/oz 9/i3/02 4/30/02 s/22/02 s/2~/02 6/14/02 2/13/02 2/21/02 2/2s/02 3/1s/02 ?)10/2/01 11/20/01 11/23/01 12/1</01 .~!._B/..?/0.~ ..... 8~22/0.1 8/24/01 9/14/01 Auziruli~ 61 2 9777 8600 Brozil 5511 3048 4500 Europe 44 20 ?330 7500 Germany 49 69 920410 Hong Kong 852 2977 6000 Jqp~n 81 3 3201 8900 $ingopore 65 6~12 1000 U.S. 1 212 318 2000 Copyrigh~ 2003 Bloombe~9 L.P. <HELP> Ton exptanation, <MENU> Ton similar Tuncttons, Equit§ DVD Hi~ ¢ <GO> to vie~ detat~s. DIVIDEND/SPLIT SUMMARY !: :~ ~,,~. XOM US EXXON MOBIL CORP ; Gross Yield ~ Rd just for Splits '~" '- ~ ......... ~- "~-"~ ......... :'"~ "" '"--'' '~"'-'".'""'" "'-~"~ ........ ~"'-~-" '"" .......... ~'~-' '*-?"- .......... ~--~--.--,] 0 MAR~ MA~ MA~6 MAR97 MAR98 MAR99 NA~O ~RO 1 ~AR02 NARO~ 2) 1/Z9/0~ 2/ 6/03 Z/lO/OB 3/10/03 ~.':~:]' ,23 Regular Cash ])10/30/02 11/ 7/OZ 11/1Z/OZ 1Z/iO/OZ ..",~ ,Z3 Regular Cash ~) 7/31/0Z 8/ 9/02 8/lg/OZ 9/10/02 ..t,~] ,23 Regular Cash 9 ~/24/0Z S/ 9/02 S/lg/OZ 6/10/02 _', ,23 Regular Cash B 1/30/02 Z/ ?/OZ Z/11/OZ g/11/OZ ~.:~ ,Zg Regular Cash 7)10/31/01 11/ 7/01 11/ 9/01 1Z/10/01 _~:.._ ,23 Regular Cash B 7/ZS/01 8/ 9/01 8/13/01 9/10/01 ..... ~:.:];;_ ,Z3 Regular Cash Austrolia 61 2 9277 8600 Brazil 5511 3048 4500 Europe 44 20 ?330 ?500 Cermany 49 69 920410 Hong Kong 852 29?? 6000 Japan 81 3 3201 8900 Singapore 65 6212 1000 U.S. I 212 318 2000 Copgright 2003 Bloomberg L.P. i~l~,~g 6922-287-0 16-Jul-03 14-'44:22 <HELP> for explanation, <MENU> for similar functions. '.::-i Equity DVD Hit ~ <GO> to view details. DIVIDEND/SPLIT SUMMARY :~ -- -, PFE US PFIZER lNG ........................................... : ::. ~ Graph Selections Both ~ Gross Yield Rdjust for Splits ~ Currenc~: USU 4 -3 1 15 Regular Cash 15 Regular Cash 13 Regular Cash 13 Regular Cash 13 Regular Cash 4/24103 5/14/03 312/16/02 1/15/03 ~10/24/02 11/13/02 9 6/27/02 8/14/02 6) 4/25/02 5/15/02 7)12/17/01 2/13/02 5116/03 61 5103 1/17/03 2114/03 11/15/02 12/ 5/02 8/16/02 9/ 5/02 5/17/02 6/ 6/02 2/15/02 3/ 7/02 ~.i.:: 13 Regu]ar Cash ~)10/25/01 11/14/01 11/16/01 12/ 6/01 -~ .11 Regular Cash Australia 61 2 9777 8600 Brazil 5511 3048 4500 Europe 44 20 7330 7500 Cermon~ 49 69 920410 Hang Kong 852 2977 6000 Japan 81 3 3201 8900 Singapore 65 6212 1000 U.S. I 212 318 2000 Cap,right 2003 Bloomberg LP. i~~, ~.~g ~9~2-787-0 16-Jul-03 14:45:2~ ci.cc . ci dividend CbOe)-- <HELP> for explanation, <?tENU> for similar functions. ~.~':? Equit!t DVD Hit ~ <GO> to view details. DIVIDEND/SPLIT SUMMARY ::~ ~-,~: PPG US PPG INDUSTRIES INC _ ~.' ~ !, i-'":"~'i ....... i 'ii'-i-'Y~ ................. ~zi3× ................................................................................................. .... "' :_ ~'S ............ ' ................. ~. ....... ~ .......~ - Graph Selections Both Gross Y i e 1 d Adjust for Sp] its MAR94 MAR95 MAR96 MAR~? MAR98 MARB9 MAR00 NAR01 MAR0Z MAR03 3)10/17/02 11/ 7/02 9 7/18/02 8/ 8/02 9 4/18/02 S/ 8/02 G) 1/17/02 2/1~/02 .43 Regular Cash .43 Regular Cash .42 Regular Cash .42 Regular Cash .42 Regular Cash ,4Z .......... R~eu.~oc.._~s.b .......... 11/12/02 12/12/02 8/12/02 9/12/02 S/lO/OZ 6/12/02 2/19/02 3/12/02 7)10/19/01 11/ 7/01 11/12/01 12/12/01 '- 8) 7119/01 8/ 8101 8/10/01 9112/01 Auz~roli~ 61 Z 97?7 8~00 Brazil 5511 3048 4500 Europe 44 Z0 7330 7500 Qermong 49 ~9 980410 Hong Kong 85~ ~977 6000 J~p~n 81 3 8~01 8900 $ingopore 65 6Z1~ 1000 U.S. I ~12 318 ~000 Copgrigh~ 8003 Bloomberg L.P. ,. ,<HE, ~.'-~. for explanation, <,.tEI~U .... for similar functions. H~t ~ <GO> to view details, DIVIDEND/SPLIT SUMMARY MPA US MUNIYIELD PENN INSURED FD ~-' ' G. 22% Graoh Selections B o t h Curre.o~, USD Gross Yield 12HTH DIU Adjust for Splits YIELD J~N94 J~N95 J~N96 J~N97 J~N98 J~N~ J~O0 J~NO ~ J~N02 J~N03 .............. "i) 7/ g/03 7/15/03 7/17/03 7/30/03 ........¥~: ............................. ;'0~'2 ....................... i~'6'~ ........................................ ~ G/ S/03 6/1Z/03 6/16/03 6/27/03 .OBZ Income 3 S/ 6/03 S/l~/O3 5/16/03 S/Zg/03 - - .OBZ Income ~ ~/ g/03 ~/1~/03 ~/16/03 ~/Zg/O3 .00Z Income 9 3/ 6/03 3/13/03 3/17/03 3/ZB/03 _-- .00Z Income G) 2/ 6/03 2/12/03 2/14/03 2/27/03 .- .082 Income 7) l/ ?/03 1/14/03 1/1G/03 1/30/03.~ .082 Income 8)12/ 3/02 12/11/02 12/13/02 12/30/02 ~ ,082 Income Aus~rmlio 61 2 9777 8600 Bruz~l 5511 3048 4500 Europe 44 20 7330 7500 Germany 49 69 920410 Hon9 Kon9 852 2977 6000 J~pon 81 3 3201 8900 Singmpore 65 6212 1000 U.S. 1 212 318 2000 Copgrlgh'~ 2003 Bloomloerg L.P. 1~~9 G922-787-0 I6-Jul-03 14-'56,15 CLx'.: for explanation, <MENU> for similar functions, Equi'~g DVD Hit ~ <60> to view details, DIVIDEND/SPLIT SUMMARY MUE US MUNIHOLDINGS INSURED FD II Graph Se] ecti ons /' .. Gross Yield =::~: :::~ ':~ ,' ~ :: ~ All ~ 6/ 5/03 6/12/03 6/16/03 6/27/03 ;~::::~> 07iS Income 3) St 6103 5114103 5116/03 5~29/03 ~ 41 9103 4114/03 4116103 4129/03 9 3/ 6/03 3/13/03 3/17/03 3/28/03 D 2/ 6/03 2/12/03 2/14/03 2/27/03 7) 1/ 7/03 1/14/03 0715 Income 0715 Income 0715 Income 0715 Income 1/16/03 1/30/03 i_i:::ii~ 0715 Income 8)12/ 3/02 12/11/02 12/13/02 12/30/02 i_.i'i~:~ O?iS Income Austr~lio 61 2 9777 8600 Br~:zil 5511 3048 4500 Europe 44 20 7330 7500 6erm~ny 4~ 69 920410 Hong Kong 852 2~77 6000 J~pon 81 3 3201 8~00 $ingqpore 65 6212 1000 U.S. I 212 318 2000 Copyright 2003 Blooml0erg L.P. i~.:,~i~ 6'22-78;2-0 16-Ju1-03 14:5,: 15 .... ~,r_Lh .... for expianation, -, EkL> for simitar functions. :..',_' Equity ])VD Hit ~ <GO> to view details, DIVIDEND/SPLIT SUMMARY - MYI US MUNIYIELD INSURED FUND INC · ~ Graph Selections Both Gross Yield Rdjust for Sp)lts CuFrerc-~W: USD ........ 12NTH DIU ~-YIELD : ~fAN~4 dAN~5 dAN96 dAN~? ~fAN~8 ~TAN~ ~ANO0 ~AN01 ~fAN02 ~AN03 3) S/ 6/03 5/14/03 5/16/03 ~ 4/ 9/03 4/14/03 4/16/03 9 3/ 6/03 3/13/03 3/17/03 6) 2/ 6/03 Z/12/03 Z/14/03 S/29/03 --- 4/29/03 :;':' 3/2B/03 - 2/27/03 " 7) 1/ 7/03 1/14/03 1/16/03 1/30/03 _.. BiZ/ 3/02 12/11/02 12/13/02 12/30/02 - .079 Income .079 Income ,079 Income .079 Income .079 Income .079 Income .079 Income Au~tr(~lio 61 2 9277 8600 Br(~zil 5511 3048 4500 Europe 44 20 ?330 2500 ~ermmng 49 69 ~20410 Hong Kong 852 29?? 6000 Jopon 81 3 3201 8900 $ingopore 65 6212 1000 U.S. I 212 318 2000 Copyright 2003 Bloomber~ L.P. ipll,~~{g 6,22-787-0 16-Ju1-03 14,59,54 CL¢_crua di, ,cb. J - tcxx3 ×. o-ici .- COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG. PA 17128-0601 RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO, REV-1162 EX(11-96) CD 002903 LEDERER SUSAN E 4811 JONESTOWN ROAD SUITE 226 HARRISBURG, PA 17109 ........ fold ESTATE INFORMATION: SSN: 234-32-8720 FILE NUMBER: 2103- 0676 DECEDENT NAME: SWITZER CLYDE E DATE OF PAYMENT: 08/1 4/2003 POSTMARK DATE: 08/1 3/2003 COUNTY: CUMBERLAND DATE OF DEATH: 1 1/26/2002 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 $315.00 TOTAL AMOUNT PAID' $315.00 REMARKS: NANCY K SWlTZER C/O SUSAN E LEDERER ESQUIRE SEAL CHECK# 2267 INITIALS' SK RECEIVED BY: DONNA M. OTTO DEPUTY REGISTER OF WILLS REGISTER OF WILLS his is to certifY' that the infbrmation here given is correctly copied from an original certificate of death duly filed with me as Local Registrar. The original certificate will be forwarded to the State Vital Records Office for permanent filing. WARNING: It is illegal to duplicate this copy by photostat or photograph. Fee £t)r this certificate. $2.00 P 8 G 4 5 4 7 8 DEC 0 15 2002 No. gistrar ~7~ Date 21-2003-676 ~-AME OF DECEDENT {F~ts~. M~dOle. COMMONWEALTH OF PENNSYLVANIA · DEPARTMENT OF HEALTH · VITAL RECORDS CERTIFICATE OF DEATH Clyde E. Switzer 77 ~' : Cumb~land 492 Wood.est Drive Mechanicsb~g, PA 17050 ~TATE FILE NUMBER SJSiX SOCIAL SECURITY NUMBER DATE FOEATHtMc~IJl Day [ Hour~ iMinulel ]~tn. Day'e~l I ~e~Fc~nC~nt~y) a~SPiTAL. OTHER I : I I C~sv~lle ,~,--~ E~,,.= ~ ~ ~ N.~ I } la. 11-5-25 I,Monona~1a.~V ~ ~ I~. Q ~$ ,~,~ m c~. ~RO. ~p OF DEATH IFACIL~ NAME (If ~nu.~o ~ve ~r~ ano ~ I~e n~c~nr~ n~ umW* I INO ~ ~SINES~IN~STRY ~ ~ ~CE~ E~, ~N m · ' ~EDENT'S EDitION I ~ITAL ST~U8 - u..~ ] ' SURVIVI ' ' ~'" I -- }14. "'~ "~'~ ~1~'~ ACTUAL IFa. ~". PR o~ ,,,.~ ~..~=. H~pden IUOT.~HER'S FLAME {F~. ~J~te. MaVen Su,name) ~NFORMANT'S ~ ~y~Pr~t) ~lg, ~ ~0~ . , l,~ ~z Wooa~est Pr~ve, Meeflan~esb~g, PA 17050 '~'1~ ~ ~' {S~} ~ [''~m II--29--02 l''~ PA Crematory l,,. H~rlsb~g, PA 17109 WAS AN AUIOPSY ]WERE AUTOPSY FINDINGS [MANNER OF DEATH I INJURY AT WORK? IDESCRISE HOW INJURY OCCURRED. BUREAU OF ZNDZV/DUAL TAXES INHERITANCE TAX DIVISION DEPT. ZB0601 HARRISBURG, PA 17128-0601 SUSAN E LEDERER S E LEDERER LAN OFFICE q811 JONESTONN RD 226- HaG PA ~7109 COMMONNEALTH OF PENNSYLVANZA DEPARTMENT OF REVENUE NOTICE OF DETERMINATION AND ASSESSMENT OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL ESTATE TAX RETURN DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN REV-1~85 EX &FP C01-03) 09-29-2003 SWITZER CLYDE E 11-26-2002 21 03-0676 CUMBERLAND 201 Amoun~ Remi~ed I HAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGTSTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 NOTE: To insure proper credi~ *o your account, subei~ ~he upper pot*ion of ~his fora wi~h your *ax payment. CUT ALONG THZS LINE ~ RETATN LONER PORTION FOR YOUR FILES ~ REV-483 EX AFP (01-03) ## NOTICE OF DETERMINATION AND ASSESSMENT OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL ESTATE TAX RETURN ~ ESTATE OF SNTTZER CLYDE E FILE NO.Z1 03-0676 ACN Z01 DATE 09-29-2003 ESTATE TAX DETERMINATION 1. Credit For State Death Taxes as Verified 9/250.00 Z. 5. TAX Pennsylvania Inheritance Tax Assessed (Excluding Discount and/or Interest) Inheritance Tax Assessed by Other States or Territories of the United States (Excluding Discount end/or Interest) Total Inheritance Tax Assessed Pennsylvania Estate Tax Due 315.00 .00 CREDITS: PAYMENT RECEIPT DISCOUNT (+) DATE NUMBER INTEREST/PEN PAID (-) AMOUNT PAID 315.00 8/955.00 INTEREST IS CHARGED THROUGH 10-07-Z005 AT THE RATES APPLICABLE AS OUTLINED ON THE REVERSE SIDE OF THIS FORM.~ ~ZF PAID AFTER THIS DATE~ SEE REVERSE S/DE FOR CALCULATION OF ADDITIONAL INTEREST. TOTAL TAX CREDTT I .00 1BALANCE OF TAX DUEI 8,935.00 TNTEREST AND PEN. I 51.ql TOTAL DUE I 8,986. ql (ZF TOTAL DUE ZS LESS THAN $1, NO PAYMENT ZS RE~UZRED ZF TOTAL DUE ZS REFLECTED AS A "CREDZT" (CR)., YOU MAY BE DUE A REFUND. SEE REVERSE SZDE OF THZS FORM FOR ZNSTRUCTZONS.) PURPOSE OF NOTICE: PAYMENT: REFUND CCR): OBJECTIONS: ADNIN- ISTRATIVE CORRECTIONS: PENALTY: INTEREST: To fulfill the requirements of Section ZI~O (b) of the Inheritance and Estate Tax Act, Act 23 of ZOO0. (7Z P.S. Section 9XfiO). Detach the top portion of this Notice and submit with your payment to the Register of Hills printed on the reverse slds. -- Make check or money order payable to: REGISTER OF NZLLS, AGENT. A refund of a tax credit amy be requested by completing an "Application for Refund of Psnnsylvan[a Inheritance and Estate Tax" (REV-IS13). Applications ars available at the Office of the Rag[star of Hills, any of the g$ Revenue District Offices or free the Department's Iq-hour ansearing service for fores ordering: 1-800-36Z-ZO50; services for taxpayers aith special hearing and / or speaking needs: 1-SOO-q~7-$OgO (TT only). Any party in interest not satisfied with the assessment of tax as shown on this notice may ob[act aithin sixty (60) days of receipt of this Notice by: --arittsn protest to the PA Department of Revenue, Board of Appeals, Dept. ZSIOZl, Harrisburg, PA 171ZD-IOZ1, --electing to have the matter determined at audit of the personal representative, OR --appeal to the Orphans' Court. OR Factual errors discovered on this assessment should be addressed in eriting to: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Review Unit, Dept. Z80601, Harrisburg, PA 17128-0601, Phone (717) 787-6S05. See page 5 of the booklet "Instructions for Inheritance Tax Return for a Resident Decedent" (REV-IS01) for an explanation of administratively correctable errors. The 15Z tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not paid before January 18, 1996, the first day after the and of the tax amnesty period. This non-participation panalt~ is appealable in the sams manner and in the the same tiaa period as you would appeal the tax and interest that has been assessed as indicated on this notice. For dates of death on or after 10-3-91, Pennsylvania Estate Tax based on the Federal Estate Tax return becomes delinquent at the expiration of nine (09) months from the date of death. For dates of death prior to 10-3-91, Pennsylvania Estate Tax based on the Federal Estate Tax return becomes delinquent at the expiration of eighteen (18) months from the date of death. Taxes which became delinquent before January 1, 198Z bear interest at the rate of six (6g) percent par annum calculated at a daily rate of .O0016q. A11 taxes ahich became delinquent on or after January 1, 198Z ail1 bear interest at a rate which will vary from calendar year to calendar year with that rate announced by the PA Department of Revenue. The applicable interest rates for 198Z through ZOOS are: Interest Daily Interest Daily Interest Daily Year Rate Factor Yaa~ Rate Factor Yea~ Rate Factor 198Z gOZ .O00Sfi8 1987 9Z .OOOZq7 1999 7Z .OOO19Z 1983 16Z .000~38 1988-1991 11Z .000501 ZOO0 8Z .000Z19 198q XXX .000~01 199Z 9Z .O00Zq? ZOOZ 9Z .O00Zq7 1985 13Z .000356 1995-199q 71 .00019Z ZOOZ 6Z .O0016q 1986 IOZ .O00Z7q 1995-1998 9Z .OOOZq7 ZOO3 SZ .000137 --Interest is calcuIated as falIows: ZNTEREST= BALANCE OF TAX UNPAZD X NUNBER OF DAYS DELZNQUENT X DAZLY ZNTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15) days beyond the date of the assessment. If payment is made after the interest computation date shown on the Notice, additional interest must be calculated. REV-1470 EX  INHERITANCE TAX COMMONWEALTH OF PENNSYLVANIA EXPLANATION DEPARTMENT OF REVENUE OF CHANGES BUREAU OF INDIVIDUAL TAXES DEPT. 2806O1 HARRISBURG, PA 17128-0601 DECEDEN3"S NAME FILE NUMBER Switzer, Clyde E. 2103-0676 REVIEWED BY ACN Department of Revenue 201 ITEM SCHEDULE NO. EXPLANATION OF CHANGES The maximum "State Death Tax Credit' has been recalculated according to the revisions to the Pennsylvania Estate Tax as revised by ACT 89 of 2002. This revision is effective for decedents dying on or after July 1, 2002. ROW Page 1 DEPT. 280601 HARRZSBURG, PA 17128-0601 CONNONNEALTH OF PENNSYLVANZA DEPARTNENT OF REVENUE NOTZCE OF ZNHERZTANCE TAX APPRAISEHENT, ALLO#ANCE OR DZSALLO#ANCE OF DEDUCT/ONS AND ASSESSNENT OF TAX SUSAN E LEDERER S E LEDERER LAN OFFICE 4811JONESTONN RD 226 HBG PA 17109 REV-15¢7 EX AFP (01-113) DATE 09-29-2003 ESTATE OF SNITZER DATE OF DEATH 11-26-2002 FZLE NUHBER 21 03-0676 ~--' -? c°UN~'~: CUHBERLAND ACN 101 ~*~:~' I Aaoun~ Reei*~ad CLYDE E HAKE CHECK PAYABLE AND RENZT PAYNENT TO: REGTSTER OF NI'LLS CUHBERLAND CO COURT HOUSE CARLI'SLE, PA 17013 CUT ALONG THZS LZNE ~ RETAZN LONER PORTZON FOR YOUR RECORDS ~ REV-1547 EX AFP (01-03) NOTZCE OF ZNHERZTANCE TAX APPRAZSEHENT, ALLONANCE OR DZSALLO#ANCE OF DEDUCTZONS AND ASSESSNENT OF TAX ESTATE OF SNZTZER CLYDE E FZLE NO. 21 03-0676 ACN 101 DATE 09-29-2003 TAX RETURN #AS: (X) ACCEPTED AS FZLED ( ) CHANGED RESERVATZON CONCERN]:NG FUTURE ZNTEREST - SEE REVERSE APPRAZSED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Es~a~a (Schedule A) (1) 2. S~ocks and Bonds (Schedule B) (2) $. Closely Held S~ock/Par~nersh/p ln~aras~ (Schedule C) ($) 4. Nor~gages/No~as Raca/vebZa (Schedule D) (4) 5. Cash/Bank DaposL~s/H/sc. Personal Proper~y (ScheduZe E) (5) 6. Jo/n*ly Owned Propar*y (Schedule F) (6) 7. Transfers (Schedule G) (7) 8. To,al Assa*s APPROVED DEDUCTZONS AND EXEHPTZONS: 9. Funeral Expenses/Ada. Cos~s/Hisc. Expenses (SchaduZe H) (9) 10. Deb~s/Nor~gage L/ab/1/~/es/L/ans (Schedule Z) (10) 11. To,al Deduc~Lons 12. Na~ Value of Tax Ra~urn 15. 14. O0 NOTE: To /nsura proper O0 cradi~ ~o your account, O0 sube/~ ~ha upper por~:ion O0 of ~h/s form w/~h your 0 0 tax payment. 00 2/167t246.16 6,453.20 33.33 (11) (1:5) (14) NOTE; Char/~able/Govarnmantel Bequests; Non-elected 911:5 Trusts (Schedule J) Net Value of Estate Subject to Tax 2,167,246.16 2,160,759.63 2,034,292.63 126,467.00 Zf an assessment was issued previously, 11nas 14, 15 and/or 16, 17, reflect figures that /nclude the totaZ of ALL returns assessed to date. CD002903 DZSCOUNT (+) ZNTEREST/PEN PAZD (-) .0O ASSESSHENT OF TAX; 15. Amoun~ of L/ne 14 at Spouse/ rata 16. Amount of L/ne 14 taxable at Lineal/Class A ra~a 17. Amount of L/ne 14 at S/bl/ng rata 18. Amount of L/ne 14 taxable at Collateral/Class B rata 19. Pr/nc/pal Tax Due TAX CREDZTS= PAYHENT KEC~ZPT DATE NUNBER 08-13-2003 (16) 119,467.00 X O0 (16) 7,000.00 x 045: (17) .00 X 12 = (18) .00 x 15 = (19)= ANOUNT PAZD 315.00 18 and 19 will 315.00 [ .00 O0 O0 ( TF TOTAL DUE ZS LESS THAN $1, NO PAYNENT TS RE{)U'rRED. 'rF TOTAL DUE 'rs REFLECTED AS A 'CRED'rT' (CR), YOU NAY BE DUE A REFUND. SEE REVERSE SIDE OF THTS FORN FOR 'rNSTRUCT'rONS.) 'rF PAZD AFTER DATE ZND'rCATED, SEE REVERSE FOR CALCULATZON OF ADDZTZONAL ZNTEREST. .00 315.00 TOTAL TAX CREDZT =BALANCE OF TAX DUE ZNTEREST AND PEN. TOTAL DUE = .00 315.00 .00 RESERVATION: Estates of decedents dying on or before December lZ, 198Z -- if any future interest in the estate is transferred in possession or enjoyment to Class D (collataral) beneficiaries of the decedent after the expiration of any estate for life or for years, the Commonwealth hereby expressly reserves the right to appraise and assess transfer Inheritance Taxes at the lawful Class B (collateral) rate on any such futura interest. PURPOSE OF NOTICE: PAYHENT: REFUND (CR): OBJECTIONS: ADNIN- [STRATIVE CORRECT[OHS: DISCOUNT: PENALTY: INTEREST: To ~ulfill the requirements of Section Il40 of the Inheritance and Estate Tax Act, Act Z$ of ZOO0. (7Z P.S. Section 91~0). Detach the top portion of this Notice and submit mith your payment to the Register of Hills printed on the reverse side. --Hake check or money order payable to: REGISTER OF NILLS~ AGENT A refund of e tax credit, mhich was not requested on the Tax Return, may bo requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-lEI3). Applications are available at the Office of tho Register of Hills, any of the Z3 Revenue District Offices, or by calling tho special Iq-hour answering service for forms ordering: 1-800-36Z-Z050; services for taxpayers with special hearing and / or speaking needs: 1-800-~7-30Z0 (TT only). Any party in interest not satisfied with the appraisement, allowance, or disalloeance of deductions, or assessment of tax (including discount or interest) as shown on this Notice must ob~act mithtn sixty (60) days of receipt of this Notice by: --mrittan protest to the PA Department of Revenue, Board of Appeals, Dept. 2810Z1, Harrisburg, PA 171ZB-IOZ1, OR --election to have the matter determined at audit of the account of the personal representative, OR --appeal to the Orphans' Court. Factual errors discovered on this assessment should be addressed in mriting to: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Reviee Unit, Dept. Z80601, Harrisburg, PA 171Z8-0601 Phone (717) 787-6505. Sea page 5 of the booklet "Instructions for Inheritance Tax Return for a Resident Decedent" (REV-1501) for an explanation of administratively correctable errors. [f any tax due is paid aithin three (3) calendar months after the decadent's death, a five percent (SX) discount of the tax paid is alloaed. The 15Z tax amnesty non-participation penalty is computed on the total of tho tax and interest assessed, and not paid before January 18, 1996, the first day after the end of the tax amnesty period. This non-participation penalty is appealable in the same manner and in the the same tiaa period as you mould appeal the tax and interest that has been assessed as indicated on this notice. Interest is charged beginning eith first day of delinquency, or nine (9) months and one (1) day from the date of death, to the date of payment. Taxes which became delinquent before January 1, 198Z bear interest at the rata of six (SZ) percent per annum calculated at a daily rata of .00016q. All taxes which became delinquent on and after January 1, 19BI ail1 bear interest at a rate which wi[[ vary from calendar year to calendar year with that rate announced by the PA Department of Revenue. The applicable interest rates for 19BI through ZOO3 are: Interest Daily Interest Daily Interest Daily Year Rate Factor Year Rata Factor Yeast Rate Factor 198Z ZOZ .0005q8 1987 9Z .000Z47 1999 7Z .00019Z 1983 16Z .000¢38 1988-1991 11Z .000301 ZOO0 8Z .000219 1984 XIZ .000301 199Z 9Z .OOOZq7 Z001 9Z .O00Z~7 1985 13Z .000356 X993-X99q 7Z .000192 ZOO2 62 .00016~ 1986 lOX .00027~ 1995-1998 9Z .O00Z~7 2003 5Z .000137 --Interest is calculated as follows: :INTEREST = BALANCE OF TAX UNPAID X NUNBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (IS) days beyond the date of the assessment. If payment is made after the interest computation date sheen on the Notice, additional interest must be calculated. 4811 Jonestown Road Suite 226 Harrisburg, PA 17109 Register of Wills Cumberland County Co¥~house One Courthouse Square Carlisle, PA 17013 ctober 9, 2003 Register of Wills Cumberland County Courthouse One Courthouse Square Carlisle, PA 17013 ESTATE OF CLYDE E. SWITZER FILE NUMBER 21 03-0676 DATE OF DEATH: 11-26-2002 Dear Sir: Enclosed is one (1) photocopy of the Notice of Determination and Assessment of Pennsylvania Estate Tax Based on Federal Estate Tax Return and two (2) checks ($8935.00 & $62.43) for the payment of the Pennsylvania Estate Tax due plus accrued interest through October 17, 2003 for the above captioned Estate Please forward a receipt for this payment to my office using the envelope provided. If you have any questions or require further information, please do not hesitate to contact me. Sincerely, Susan E. Lederer, Esquire 4811Jonestown Road · Suite226 · Harrisburg. PA 17109 · Phone717.652.7323 · Fax 717.652.7340 · susan@ledererlaw.com www.ledererlaw, com COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO. REV-1162 EX(11-96) CD O03112 LEDERER SUSAN E ESQUIRE 4811 JONESTOWN RD SUITE # 226 HARRISBURG, PA 17109 ........ fold ESTATE INFORMATION: SSN: 234-32-8720 FILE NUMBER: 2103-0676 DECEDENT NAME: SWlTZER CLYDE E DATE OF PAYMENT: 10/10/2003 POSTMARK DATE: 10/09/2003 COUNTY: CUMBERLAND DATE OF DEATH: 1 1/26/2002 ACN ASSESSMENT CONTROL NUMBER AMOUNT 201 $8,935.00 REMARKS: TOTAL AMOUNT PAID: SUSAN E LEDERER ESQUIRE $8,935.00 SEAL CHECK# 2341 INITIALS: AC RECEIVED BY: DONNA M. OTTO DEPUTY REGISTER OF WILLS REGISTER OF WILLS BUREAU OF ZNDZVZDUAL TAXES INHERITANCE TAX DIVISION DEPT. Z88601 HARR/SDURG, PA 171ZB-§6G1 SUSAN E LEDERER ~' S E LEDERER LAW OFFICE q811 JONESTOWN RD 226 HBG P~.17109 ,COHNONWEALTH OF PENNSYLVANIA DEPARTNENT OF REVENUE NOTICE OF DETERHZNATZON AND ASSESSHENT OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL ESTATE TAX RETURN DATE 09-29-2003 ESTATE OF SWITZER DATE OF DEATH 11-26-2002 FILE NUHBER 21 03-0676 COUNTY CUHBERLAND ACN 201 Amoun~ Remi~ed REV-ii83 EX AFP C01-05) CLYDE HAKE CHECK PAYABLE AND REHZT PAYHENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 NOTE: To insUre proper credit: ~o your account, submi~ ~:he upper portion of ~his for. wi~h your ~¢ax payment. CUT ALONG THIS LINE ~" RETAIN LOWER PORTION FOR YOUR FILES ~ REV-483 EX AFP (01-03) xx NOTICE OF DETERMINATION AND ASSESSHENT OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL ESTATE TAX RETURN xx ESTATE OF SWITZER CLYDE E FILE N0.21 05-0676 ACN 201 DATE 09-29-2003 ESTATE TAX DETERMZNATZON 1. Credit For State Death Taxes as Verified 91250.00 Z. Pennsylvania Inheritance Tax Assessed (Excluding Discount and/or Interest) 315.00 .00 Inheritance Tax Assessed by Other States or Territories of the Un/ted States (Excluding Discount end/or Interest) Total Inheritance Tax Assessed 315.00 5. Pennsylvania Estate Tax Due 8~935.00 TAX CREDITS: PAYHENT DATE RECEIPT NUMBER DISCOUNT (+) INTEREST/PEN PAID C-) AMOUNT PAID INTEREST IS CHARGED THROUGH 10-07-2003 TOTAL TAX CREDIT AT THE RATES APPLICABLE AS OUTLINED ON THE BALANCE OF TAX DUEl 8,935.00 REVERSE SIDE OF THIS FORH.~ INTEREST AND PEN. 51 TOTAL DUE 8,986.ql ~ZF PAID AFTER THIS DATE~ SEE REVERSE SIDE (TF TOTAL DUE TS LESS THAN $1~ NO PAYMENT TS REI~UZRED FOR CALCULATION OF ADDITIONAL INTEREST. TF TOTAL DUE ZS REFLECTED AS A "CREDIT" (CR)~ YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. BUREAU OF TNDZV/DUAL TAXES INHERTTANCE TAX DTVISZON DEPT. Z80601 HARRISBURG, PA 171Z8-0601 SUSAN E LEDERER S E LEDERER LAN OFFICE ~811JONESTONN RD 226 HBG PA COMMONNEALTH OF PENNSYLVANIA DEPARTHENT OF REVENUE ZNHERZTANCE TAX STATEHENT OF ACCOUNT DATE 10-27-Z005 ESTATE OF SWITZER DATE OF DEATH 11-26-2002 FILE NUMBER 21 05-0676 *COUNTY CUMBERLAND ACM 201 I Amoun~ Remi~ed REV-1607 EX AFP (01-03) CLYDE HAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF MILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17015 NOTE: To insure proper credit: ~o your account, submi~ ~he upper portion of ~his form frith your ~.x payment:. CUT ALONG THIS LINE I~ RETAIN LONER PORTION FOR YOUR RECORDS ~ REV-1607 EX AFP (01-03) ~## INHERITANCE TAX STATEHENT OF ACCOUNT ~ ESTATE OF SWITZER CLYDE E FILE NO. Z1 05-0676 ACN 201 DATE IO-Z7-ZO0$ THIS STATEHENT ZS PROV/DED TO ADV/SE OF THE CURRENT STATUS OF THE STATED ACN /N THE NAHED ESTATE. SHONN BELON IS A SUMMARY OF THE PR/NC/PAL TAX DUE, APPLICAT/ON OF ALL PAYHENTS, THE CURRENT BALANCE, AND, ZF APPL/CABLE, A PROJECTED INTEREST FIGURE. DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 09-29-2005 PRINCIPAL TAX DUE: PAYMENTS (TAX CREDITS): PAYMENT DATE 10-09-2005 RECEIPT NUMBER DISCOUNT (+) INTEREST/PEN PAID (-) AMOUNT PAID 8,955.00 CD005112 .00 BALANCE OF UNPAID INTEREST/PENALTY AS OF 10-10-2005 /F PA/D AFTER TH/S DATE, SEE REVERSE S/DE FOR CALCULAT/ON OF ADD/T/ONAL /NTEREST. ( /F TOTAL DUE /S LESS THAN $1, NO PAYMENT IS REgUZRED. /F TOTAL DUE /S REFLECTED AS A "CRED/T" (CR), TOTAL TAX CREDIT 8,955.00 BALANCE OF TAX DUE .00 INTEREST AND PEN. 53.86 TOTAL DUE 55.86 YOU HAY BE DUE A REFUND. SEE REVERSE S/DE OF TH/S FORH FOR /NSTRUCT/ONS. ) 8,935.00 PAYMENT: Detach the top portion of this Notice and submit aith your payment made payable to the name and address printed on the reverse side. -- If RESIDENT DECEDENT make check or money order payable to: REGISTER OF WILLS, AGENT. -- If NON-RESIDENT DECEDENT make check or money order payable to: COMMONWEALTH OF PENNSYLVANIA. REFUND (CR): A refund of a tax credit, ~hich ~as not requested on the Tax Return, may ba requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-1515). Applications are available at the Office of the Register of Hills, any of the 25 Revenue District Offices or from the Department's Zq-hour ans~aring service for forms ordering: I-DO0-56Z-ZO50~ services for taxpayers ~ith special hearing and / or speaking needs: I-DOO-4q7-3OZO (TT only). REPLY TD: Questions regarding errors contained on this notice should be addressed to: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Past Assessment Revie~ Unit, Dept. ze06oI, Harrisburg, PA 17128-0601, phone (717) 787-6505. DISCOUNT: If any tax due is paid ~ithin three (3) calendar months after the decedent's death, a five percent (52) discount of the tax paid is allo~ad. PENALTY: The 15Z tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not paid before January Ia, 1996, the first day after the and of the tax amnesty period. ZNTEREST: Interest is charged beginning ~ith first day of delinquency, or nine (9) months and one (l) day from the date of death, to the date of payment. Taxes ~hich became delinquent before January 1~ 1982 bear interest at the rate of six (6X) percent per annum calculated at a daily rate of .000164. Ali taxes ~hich became delinquent on and after January 1, ZeDZ ~ill bear interest at a rate ~hich ~ill vary from calendar year to calendar year ~ith that rate announced by the PA gepart~ent of Revenue. The applicable interest rates for 19BI through Z003 ara: Interest Daily Interest Daily Interest Daily Year Rate Factor Year Rate Factor Year Rate Factor 1982 201 .000548 1987 91 .O00Zq7 1999 72 .000192 1983 X6Z .00043D 1988-1991 IIX .OOO301 2000 DZ .000219 1984 III .000301 1992 91 .000247 2001 92 .000247 1985 l~Z .000356 1993-1994 72 .O00XeZ 2002 61 .000164 1986 lOX .000274 1995-1998 92 .000247 2003 5Z .0001S7 --Interest is calculated as follows: INTEREST = BALANCE OF TAX UNPAID g NUI~BER OF DAYS DELXNI;~UENT X DALLY INTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15) days beyond the date of the assessment. If payment is made after the interest computation date sho~n on the Notice, additional interest must be calculated. BUREAU OF ZNDTVTDUAL TAXES TNHERTTANCE TAX DTYTS/OH DEPT. Z8060! HARRTSBURG, PA 17128-0601 SUSAN E LEDERER S E LEDERER LAW OFFICE 4811JONESTOWN RD 226 PA 17109' CONNONWEALTH OF PENNSYLVANIA DEPARTNENT OF REVENUE PENNSYLVANIA ESTATE TAX RECORD ADdUSTNENT DATE 01-12-2004 ESTATE OF SWITZER DATE OF DEATH 11-26-2002 FILE NUNBER 21 03-0676 COUNTY CUNBERLAND ACN 201 I Amoun~ Remi~ed RE¥-16~'5 EX AFP C01-03) CLYDE E HAKE CHECK PAYABLE AND REHZT PAYNENT TO: REGISTER OF WILLS CUHBERLAND CO COURT HOUSE CARLISLE, PA 17015 NOTE: To /nsure proper crmd/t to your account, subm/t the upper portion of thLs form wJth your tax payment. CUT ALONG TH'rS LINE ~ RETAIN LOWER PORTION FOR YOUR FILES ~ REV-16:~3 EX AFP (01-03) ~# PENNSYLVANIA ESTATE TAX RECORD ADdUSTHENT ~ ESTATE OF SWITZER CLYDE E FILE NO.Z1 03-0676 ACN 201 DATE 01-12-2004 ADJUSTHENT BASED ON:ADHINISTRATIVE CORRECTION CODE 706 1. Credit For State Death Taxes as Verified Pennsylvania Inheritance Tax Assessed (Excluding D/scount and/or Interest) $, Inheritance Tax Assessed by Other States or TerrAtories of the Un/ted States (Excluding Discount and/or Interest) Total Inheritance Tax Assessed 5. Pennsylvania Estate Tax Due 6. Amount of Pennsylvania Estate Tax Previously Assessed Based on Federal Estate Tax Return 7. Additional Pennsylvania Estate Tax Due TAX CREDITS: $15.00 .00 .0O $15.00 .00 .00 .00 PAYNENT RECEIPT DISCOUNT (+) DATE NUHBER INTEREST/PEN PAID (-) AHOUNT PAID 10-09-Z005 10-09-2003 CD003112 CD003117 ZF PAID AFTER THIS DATE, SEE REVERSE SIDE FOR CALCULATION OF ADDITIONAL TNTEREST. .00 .00 8,935.00 62.43 BALANCE OF TAX DUE 8,997.43CR INTEREST AND PEN. .00 TOTAL DUE 8,997.43CR ( ZF TOTAL DUE TS LESS THAN $1., NO PAYNENT TS REI]UTRED. *rF TOTAL DUE TS REFLECTED AS A 'CREDTT' (CR), YOU HAY BE DUE A REFUND. SEE REVERSE STDE OF THTS FORN FOR TNSTRUCTTONS.) PAYMENT: Detach the top portion of this Notice and submit with your payment made payable to the name and address printed on the reverse side. -- Hake check or money order payable to: REGTSTER OF ~/TLLS, AGENT. REFUND (CR): A refund of a tax credit, which was not requested on the Tax Return, may bm requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-1313). Applications are available at the Office of the Register of Hills) any of the 23 Revenue District Offices or from the Department's 2q-hour answering service for forms orderin g: 1-D00-361-2050; services for taxpayers with special hearing and / or speaking needs: 1-BOO-4q7-30ZO (TT REPLY TO: Questions regarding errors contained on this notice should be addressed in writing to: PA Ospartment of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Review Unit, Dept. 280601, Harrisburg, PA I7118-0601, Phone (717) 787-6~05. PENALTY: The 151 tax amnesty non-participation penalty is computed on the toter of the tax and interest assessed, and not paid before January 18, 1996, the first day after the end of the tax amnesty period. INTEREST: For Date of Death after 10-3-91 Pennsylvania Estate Tax based on the Federal Estate Tax return becomes delinquent at the expiration of nine (9) months frae the date of death (Assessment control number (ACN) 201 only). For Bate of Death prior to 10-3-91 Pennsylvania Estate Tax based on the Federal Estate Tax return becomes delinquent eighteen (18) months from the date of death (Assessment Control Number (ACN) Z01 only). Additional Pennsylvania Estate Tax assessed as a result of a change based on the Federal Estate Tax closing [attar becomes delinquent at the expiration of one (1) month from the date of the final notice of the increase in Federal Estate Tax is received. (Assessment Control Number (ACN) ZOZ only.) Taxes which became delinquent before January 1, 19B2 bear interest at the rate of six (61) percent per annum calculated at a daily rate of .000164. All taxes which became delinquent on or after January 1, 1981 will bear interest at a rate which will vary from calendar year to calendar year with that rate announced by the PA Year Rate Department of Revenue. The applicable interest rates for 198Z through ZOO3 are: Interest Daily Interest Daily Interest Daily Factor Year Rate Factor Year Rate Factor 1982 20X .00054B 1987 9X .000247 1999 72 .000192 198~ 162 .0004~8 1988-1991 112 .000301 2000 82 .000219 1984 llX .000~01 1992 91 .000247 2001 91 .000247 1965 131 .000356 1993-1994 7g .000191 ZOOZ 61 .000164 1986 lOg .000174 1995-1996 91 .000147 ZOOS 51 .000137 --Xnterest is calculated as follows: ZNTEREST = BALANCE OF TAX UNPATD X NUNBER OF DAYS DELZNQUENT X DA/LY ZNTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15) days beyond the date of the assessment. If payment is made after the interest computation date shown on the Notice, additional interest must be calculated. ~EV-1470 EX (6-88)  INHERITANCE TAX COMMONWEALTH OF PENNSYLVANIA EXPLANATION DEPARTMENT OF REVENUE OF CHANGES BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 ECEDENT'S NAME FILE NUMBER CLYDE E. SWlTZER 2103-0676 ~,EVIEWED BY ACN Department of Revenue 201 ITEM SCHEDULE NO. EXPLANATION OF CHANGES The above ACN has been adjusted in accordance with ACT 48 of 2003. If a credit balance or a refund is noted on this record adjustment, you may expect the refund within four weeks of the date of this record adjustment. ,i Pa~e 1 BUREAU OF TNDTVTDUAL TAXES TNHERTTANCE TAX DTVI*STON DEPT. Z80601 HARRI*SBURG:, PA 171Z8-0601 COHHONWEALTH OF PENNSYLVAN'rA DEPARTMENT OF REVENUE ZNHERZTANCE TAX STATEMENT OF ACCOUNT SUSAN E LEDERER S E LEDERER LAN OFFICE 4811JONESTONN RD 226 HBG ESTATE OF DATE OF DEATH 02-09-2004 SWITZER 11-26-2002 21 05-0676 CUHBERLAND Z01 REV-I~07 EX AFP (01-05) CLYDE E '04 I~AR -5 P 3 '4~LEP~ NUHBER UNTY ACN Ci~r~ ·L~' I Amount: Romi~:~:od I HAKE CHECK PAYA2LE AND REH~T PAYHENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17015 NOTE: To insure proper credit: ~o your account, submi~ ~ho upper portion of ~his for. wi~:h your ~:ax payllOn~:. CUT ALONG TH:iS LINE ~ RETA:IN LOWER PORTION FOR YOUR RECORDS -~ REV-1607 EX AFP (01-03) .N~ INHERITANCE TAX STATEHENT OF ACCOUNT #N~( ESTATE OF SWITZER CLYDE E F'rLE NO. 21 05-0676 ACH 201 DATE 02-09-2004 TH'rS STATEMENT 1S PROV'rDED TO ADV'rSE OF THE CURRENT STATUS OF THE STATED ACM TN THE NAHED ESTATE. SHONN BELON TS A SUHNARY OF THE pRTNCTPAL TAX DUE, APPLTCATTON OF ALL PAYHENTS, THE CURRENT BALANCE, AND, TF APpLTCABLE, A PROJECTED TNTEREST FTGURE. DATE OF LAST ASSESSHENT OR RECORD ADJUSTMENT: 09-Z9-ZO05 PRINCIPAL TAX DUE: ........................................................................................................................................................................................................................... PAYHENTS (TAX CREDITS): .00 PAYMENT RECEIPT DISCOUNT (+) DATE NUMBER INTEREST/PEN PAID (-) AMOUNT PAID 10-09-2005 10-09-2003 01-25-2004 CD00$I12 CD005117 REFUND .00 .00 .00 8,935.00 62.45 8,997.4~- ZF PA/D AFTER THXS DATE, SEE REVERSE SXDE FOR CALCULATION OF ADDITIONAL INTEREST. ( *rF TOTAL DUE ZS LESS THAN $1, NO PAYMENT ZS REQUXRED. XF TOTAL DUE ~S REFLECTED AS A 'CRED/T' (CR), TOTAL TAX CRED:IT .00 ~ALANCE OF TAX DUE .00 :INTEREST AND PEN. .00 TOTAL DUE .gO YOU HAY BE DUE A REFUND. SEE REVERSE SI'DE OF TH*rS FORH FOR TNSTRUCT*rONS. PAYNENT: Detach the top portion of this Notice and submit with your payment made payabla to the name and address printed on the reverse side. -- If RESIDENT DECEDENT make check or money order payable to: REGISTER OF HILLS, AGENT. -- [f NON-RESIDENT DECEDENT make check or money order payable to: COHHON#EALTH OF PENNSYLVANIA. REFUND (CR): A rafund of a tax credit, which was not requested on the Tax Return, may ba requested by completing an "Application for Refund of Pannsylvenia Inheritance and Estate Tax" (REV-1313). Applications are available at the Office of the Register of gills, any of the Z3 Revenue District Offices or from the Department's 24-hour answering service for forms ordering: 1-800-362-Z050; services for taxpayers with special hearing and / or speaking needs: 1-800-447-5020 (TT only). REPLY TO: Questions regarding errors contained on this notice should be addressed to: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Review Unit, Dept. 280601, Harrisburg, PA 17128-0601, phone (717) 787-6505. DISCOUNT: If any tax dua is paid within three (3) calendar months after the decedent's death, a five percent (52) discount of the tax paid is allowed. PENALTY: The 152 tax aenasty non-participation penalty is computed on the total of the tax and interest assessed, and not paid before January 18, 1996, the first day after the end of the tax amnesty period. INTEREST: Interest is charged baginning with first day of delinquency, or nine (9) months and one (l) day from the date of death, to the date of payment. Taxes which becaaa delinquent bafore January 1, 1982 bear interest at tha rate of six (6X) percent per annum calculated at a daily rate of .000164. A11 taxes which became delinquent on and after January 1, 1982 will bear interest at a rate which will vary from calendar year to calendar year with that rate announced by the PA Department of Revenue. The applicable interast rates for 1982 through 2003 ara: Interest Daily Intarest Daily Interest Year Rate Factor Year Rate Factor Year Rate Daily Factor 1982 ZOZ .0005~8 1987 92 .0002~7 1999 72 ,000192 1983 162 .000438 1988-1991 XIZ .000301 ZOO0 82 .000219 1984 llZ .O0030l 1992 92 .000247 2001 92 .000247 1985 132 .000556 1993-1994 72 .000192 2002 62 .000164 1986 102 .000274 1995-1998 92 .000247 2003 52 .000137 --Interest is calculated as folloms: INTEREST = BALANCE OF TAX UNPAID X NUMBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR --Any Notice issued after the tax becomes dalinquent will reflect an interest calculation to fifteen (15) days beyond the date of the assessment. If payment is made after the interast computation date sheen an the Natice, additional interest must be calculated. BUREAU OF INDTVTDUAL TAXES INHERITANCE TAX DIVISION DEPT. 280601 HARRISBURG, PA 171Z8-0601 '04 2O SUSAN E LEDERER S E LEDERER LAN OFFICE 4811JONESTONN RD 226 HBG PA 1710~iI~ CONNONNEALTH OF PENNSYLVANIA DEPARTHENT OF REVENUE NOTICE OF DETERNZNATZON AND ASSESSNENT OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL CLOSING LETTER ;:; ' · DATE ~c. ' ESTATE OF DATE OF DEATH FILE NUHBER ~ .~OUNTY ACN 04-19-Z004 SNITZER 11-26-2002 Z1 05-0676 CUHBERLAND 202 Amount Rem.J. tted CLYDE E HAKE CHECK PAYABLE AND REHZT PAYHENT TO: REGISTER OF NILLS CUHBERLAND CO COURT HOUSE CARLISLE, PA 17015 NOTE: To insure proper credit to your account, submit the upper portion of this fore with your tax payment. CUT ALONG THIS LINE ~- RETAZN LONER PORTION FOR YOUR FTLES ~ OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL CLOSING LETTER ~# ESTATE OF SWITZER CLYDE E FILE NO.Z1 03-0676 ACN ZOZ DATE 04-19-2004 ESTATE TAX DETERHZNATZON 1. Credit For S~ate Death Taxes as Verified .0O Z. Pennsylvan/a Inheritance Tax Assessed (Excluding Discount and/or Interest) 315.00 .00 Inheritance Tax Assessed by Other States or Territorles of the Un/ted Sta~es (Excluding Discoun~ end/or Interest) 4. TotaZ Inheritance Tax Assessed 315.00 .00 .00 .00 5. Pennsylvan/a Estate Tax Due 6. Amount of Pennsylvan/a Estate Tax Previously Assessed Based on Federal Estate Tax Return 7. Additional Pennsylvania Estate Tax Due TAX CREDZTS PAYHENT RECEIPT D/SCOUNT (+) DATE NUHBER INTEREST/PEN PAID (-) AHOUNT PAID ~ZF PAID AFTER THIS DATE, SEE REVERSE SZDE FOR CALCULATION OF ADDITIONAL INTEREST. TOTAL TAX CREDIT BALANCE OF TAX DUEI INTEREST AND PEN. TOTAL DUE .00 .00 .00 .00 (IF TOTAL DUE IS LESS THAN $1, NO PAYHENT 1S REQUIRED IF TOTAL DUE 1S REFLECTED AS A "CREDIT" (CR), YOU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORN FOR INSTRUCTIONS.) ~_ PURPOSE OF NOTICE: PAYNENT: REFUND (CR): OBJECTIONS: ADNIN- ISTRATIVE CORRECTIONS: PENALTY: INTEREST: To fulfill the requirements of Section 2140 of the Inheritance and Estate Tax Act, Act 25 of ZOO0. (72 P.S. Section 9140). Detach the top portion of this Notice and submit with your payment to the Register of NiI1s printed on the reverse side. -- Hake check ar money order payable to: REGISTER OF #ILLS, AGENT. A refund of a tax credit may be requested by completing an "Appllcatian for Refund of Pennsylvania Inheritance and Estate Tax" (REV-1513). Applications ara available at the Office of the Register of Wills; any of the 25 Revenue District Offices or from the Department's 2q-hour answering service for forms ordering: 1-B00-562-2050; services far taxpayers with special hearing and/or speaking needs: 1-800-447-5020 (TT only). Any party in interest not satisfied eith the assessment of tax as shown on this notice may object within sixty (60) days of receipt of this Notice by: --eritten protest to tho PA Department of Revenue, Board of Appeals, Dept. 281021, Harrisburg, PA 17128-1021, --electing to have the matter determined at audit of the personal representative, OR --appeal to the Orphans' Court OR Factual errors discovered on this assessment should be addressed in writing to: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Review Unit, Dept. 280601, Harrisburg, PA 171ZB-0601, Phone (717) 787-6505. Sea page 5 of the booklet "Instructions for Inheritance Tax Return for a Resident Decedent" (REV-150I) for an explanation of administratively correctable errors. The 152 tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not paid before January 18, 1996, the first day after the end of the tax amnesty period. This non-participation penalty is appealable in the same manner and in the the same time period as you would appeal the tax and interest that has been assessed as indicated on .his notice. Additional Pennsylvania Estate Tax assessed as a result of a change on the Federal Estate Tax closing letter becomes delinquent at the expiration of one (1) month from the date the final notice of the increase in Federal Estate Tax is received. Taxes which became delinquent before January 1, 1982 bear interest at the rate of six (6Z) percent par annum calculated at a daily rate of .000164. Al1 taxes which became delinquent on or after January 1, 1982 Nil1 bear interest at a rate which will vary from calendar year to calendar year with that rate announced by the PA Department of Revenue. The applicable interest rates for 1982 through ZOO4 are: Interest Daily Interest Daily Yea~ Rate Factor Yaa.~_r Rate Factor 1982 202 .000548 1988-1991 112 .000301 1985 162 .000458 1992 92 . OOOZfi7 1984 112 .000501 1995-1994 7Z .000192 1985 15Y. .000356 1995-1998 92 .000247 1986 102 . DOOZ74 1999 72 .000192 1987 92 .000247 2000 DZ .000219 --Interest is calculated as follows: TNTEREST = BALANCE OF TAX UNpATD Interest Daily Yea~ Rate Factor 2001 9X .000247 ZOO2 62 .000164 2005 5Z .000137 2004 42 .000109 X NUHBER OF DAYS DELINQUENT X DAILY TNTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15) days beyond the date of the assessment. If payment is made after the interest computation date shown on the Notice, additional interest must be calculated. Cumberland County - Register Of Wills One Courthouse Square Carlisle, PA 17013 Phone: (717) 240-6345 ~ ri r~~s~~ ~';~~j c~a ~~u1ti11 i ., i aJl M Y!~. t..`~. 210 JUL 28 AM 8: t 3 Date: 7/27/2010 CLERK CF CUf~~ S~C~IR PA FREY ROBERT G 5 S HANOVER STREET CARLISLE, PA 17013-3385 RE: Estate of NELSON G ANNE File Number: 2003-00675 Dear Sir/Madam: This notice is to serve as a reminder that the Status Report by Personal Representative under Rule 6.12 is due on the below listed date. As per the AMENDMENTS TO SUPREME COURT ORPHANS' COURT RULES, NO. 103 SUPREME COURT RULES DOCKET NO. 1, for decedents dying on or after July 1, 1992, the personal representative or his counsel, within two (2) years of the decedent's death, shall file with the Register of Wills a Status Report of completed or uncompleted administration. This filing is due by: 8/08/2010 Please feel free to contact this office with any questions you may have. If you have already .filed your Status Report, please disregard this notice. Sincerely, ~~~~ Glenda Farner Strasbaug Clerk of the Orphans' Court cc: File Personal Representative(s)