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HomeMy WebLinkAbout01-09-09ir_ IN RE: IRREVOCABLE LIFETIME IN THE COURT OF COMMON PLEAS TRUST OF WILLIAM EDWIN NAUGLE CUMBERLAND COUNTY FOR THE BENEFIT OF COMMONWEALTH OF PENNSYLVANIA GRANDCHILDREN dated March 26,]984 ORPHANS' COURT DNISION ORDER AND NOW, this ~ day of ~~~ , 20(~ upon consideration of the Petition to Terminate the Irrevocable Lifetime Trust of William Edwin Naugle for the Benefit of His Grandchildren dated March 26, 1984 Pursuant To 20 Pa.C.S.A. §§ 7740.1(b), 7740.2(a), and 7740.3(e) filed by Messiah College (the "Petition"), it is hereby ORDERED AND DECREF,D that: 1. The Irrevocable Lifetime Trust of William Edwin Naugle for the Benefit of His Grandchildren dated March 26, 1984 (the "Trust") is hereby terminated under 20 Pa.C.S.A. §§ 7740.1(b), 7740.2(a), and 7740.3(e) of the Probate, Estates and Fiduciaries Code; and 2. The Trustee shall make distribution of the entire trust estate, both of principal and any accumulated income of the Trust, to the Income Beneficiaries in amounts equal to the product of each Income Beneficiary's life estate factor at six (6%) percent multiplied by one-seventh (1 /7) of the net value of the Trust on the date of termination; and 3. The Trustee shall distribute the remaining balance of the Trust to the '; Trustee`~fter distribution of the actuarial values of the Trust has been made ,; ='- I'rieoma~3enefic~~ies. t, - - ~ ~~ ~ ; ,; w _ ~_? ~ ~~. ~ ~L L. _~ ~~ the other ORPHANS' COURT DIVISION COURT OF COMMON PLEAS OF In Re: IRREVOCABLE LIFETIME TRUST OF WILLIAM EDWIN NAUGLE FOR THE BENEFIT OF CUMBERLAND COUNTY GRANDCHILDREN DATED MARCH 29, 1084 PENNSYLVANIA NO. 21-08-1240 CERTIFICATE OF SERVICE OF ORDER ORDER DATE: JUDGE'S INITIALS: TIME STAMP DATE IN ~; ORDER SERVICE TO: DEBORAH A CULLEN KIRK A NAUGLE WILLIAM E NAUGLE III _____.~ ..............r~r., .n ~ru~nncn cue1~~TM(INT~ k~ METHOD OF MAILING: ^ USPS ^ RRR ^ HAND DELIVERED ^ OTHER MAILED: 1/12/09 SERVICE TO: ENVELOPES PROVIDED BY: ^ PETITIONER ® JUDGE ^ CLERK OF ORPHANS COURT METHOD OF MAILING: ^ USPS ^ RRR ^ HAND DELIVERED ^ OTHER MAILED: ENVELOPES PROVIDED BY: ^ PETITIONER ^ JUDGE ^ CLERK OF ORPHANS COURT ,~ ~~ Deputy ' Clerk of Orphans' Court