HomeMy WebLinkAbout01-23-09J 15056D7121
REV-1500 EX (06-05)
PA Department of Revenue OFFICIAL USE ONLY
Bureau of Individual Taxes County Code Year File Numt~er
PO BOX 280601 INHERITANCE TAX RETURN
Hamsbu , PA 17128-0601 RESIDENT DECEDENT 2 1 0 8 1 1 2 0
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death
Date of Birth
1 3 3 0 7 9 9 6 0 1 1 0 7 2 0 0 8 1 2 3 0 1 9 2 0
Decedent's Last Name Suffix Decedent's First Name
K O V A C S MI
F R E D E R I C K A
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix
Spouse's First Name MI
K O V A C S S H I R L E Y
Spouse's Social Security Number I
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
FILL IN APPROPRIATE OVALS BELOW REGISTER OF WILLS
Q 1. Original Return ~ 2. Supplemental Return
3. Remainder Return (date of death
4. Limited Estate ~ prior to 12-13-82)
4a. Future Interest Compromise (date of ~ 5. Federal Estate Tax Return Required
death after 12-12-82)
QX 6. Decedent Died Testate ~ 7. Decedent Maintained a Livin Trust 0
(Attach Copy of Will) g 8. Total Number of Safe Deposit Boxes
(Attach Copy of Trust)
9. Litigation Proceeds Received ~ 10. Spousal Poverty Credit (date of death ~ 11. Election to tax under Sec. 9113(A)
between 12-31-91 and 1-1-95) (Attach Sch. O)
CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED T0:
Name
Daytime Telephone Number
L I N U S E F E N I C L E 7 1 7 7 6 3 1 3 8 3
Firm Name (If Applicable)
R E A L E R & A D L E R P C
First line of address
2 3 3 1 M A R K E T S T R E E T
Second line of address
City or Post Office
C A M P H I L L
State ZIP Code
P A 1 7 0 1 1
~~--- N
~~WILLS US~NLY
_ '--;
__ _, ,
- °`
r
T~
' ~ ~
-f'1 _~ 1F
-T6ATE FILED (,n '~ ~~~
Correspondent'se-mail address:LFENICLEaREAGERADLERPC • COM
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 prepan:r has any knowledge.
SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN
~- J~' ,~~~ DATE
ADDRECC .. ~ J~
5315 COBBLESTONE DRIVE MECHANICSBURG
SIGNATUR ARER ~ REPR ENTATIVE P A 17 0 5 5
ADDRES ~ ~E ~~
2331 MARKET STREET CAMP HILL
PLEASE USE ORIGINAL FORM ONLY P A 17 011
Side 1
1505607121
1505607121 J
150567221
REV-1500 EX
Decedent's Social Security Number
Decedent's Name: FREDERICK A• KOVACS 1 3 3 0 7 9 9 6 0
RECAPITULATION
1. Real estate (Schedule A) ........................................ 1.
2. Stocks and Bonds (Schedule B) .................................. 2.
3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ..... 3.
4. Mortgages & Notes Receivable (Schedule D) ..... . . . . . . . . . . . . . 4
5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ....... 5. 1 1 D B 4 3 . 1 0
6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ....... 6.
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G) ^ Separate Billing Requested ....... 7.
8. Total Gross Assets (total Lines 1-7) , , , , ... , , , .. 8 1 1 0 8 4 3 , 1 0
9. Funeral Expenses & Administrative Costs (Schedule H) ................ 9. 2 9 6 4 ~ D 0
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) ............ 10.
11. Total Deductions (total Lines 9 & 10) ........................... 11. 2 9 6 4 , 0 D
12. Net Value of Estate (Line 8 minus Line 11) .......... ........ .... ... 12. 1 D 7 8 7 9 ], 0
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which ~
an election to tax has not been made (Schedule J) , ... , 13
14. Net Value Subject to Tax (Line 12 minus Line 13)
...
........
....
... 14. ], 0 7 8 7 9 . 1 0
TAX COMPUT
ATION -SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate, or
transfers under Sec. 9116
(a)(1.2)x.o _ 8 2 8 7 8. 1 0 15. 0 0 0
16. Amount of Line 14 taxable .
at lineal rate x .045 2 5 0 0 1. 0 0 1s. 1 1 2 5. 0 5
17. Amount of Line 14 taxable
at sibling rate X .12 0 O D 17, 0 0 0
18. Amount of Line 14 taxable .
at collateral rate X .15 D 0 0 18. 0 0 0
19. Tax Due .......................................
......... 19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
Side 2
1505607221
1 1 2 5. 0 5
1505607221 J
PEV-1500 EX Page 3
Decedent's Complete Address:
DECEDENT'S NAME
FREDERICK A. KOVACS
STREET ADDRESS ---
5315_COBBLESTONE DRIVE
CITY
MECHANICSBURG
Tax Payments and Credits:
~ • Tax Due (Page 2 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
File Number
21 08 1120
STATE i ZIP
PA ~ 17055
(1) 1,125.05
B. Prior Payments 1,068.80
C. Discount
! 56.25
InteresUPenalty if applicable Total Credits (A + B + C) (2)
#~ 1,125.05
i _r D. Interest
E. Penalty
~. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT Total InteresUPenalty (D + E) (3)
0.00
i Fill in oval on Page 2, Line 20 to request a refund.
(4) 0.OD
~. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE.
{5) 0 . D O
A. Enter the interest on the tax due.
(5A)
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
(56) 0 . D 0
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:
~' a. retain the use or income of the property transferred; Yes No
...................................................................... ^ a
b. retain the right to designate who shall use the property transferred or its income; .......................... ^ Q
,., 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? ......... ^ Q
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? .......................................................__ n r:~
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN
der dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse
is three {3) percent [72 P.S. §9116 (a) (1.1) (i)].
t~or dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent
[72 P.S. §9116 (a) {1.1) (ii)]. The statute does not exemot a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and
!ing a tax return are still applicable even if the surviving spouse is the only beneficiary.
i=or dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an
adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116(a)(1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in
?2 P.S. §9116(1.2) [72 P.S. §9116(a)(1)].
'!'he tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under
:~~~ction 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption.
REV-1508 EX + (6-98)
! COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
FREDERICK A• KOVACS FILE NUMBER
•- 21 ^8 1120
InGude the proceeds of litigation and the date the proceeds were received by the estate.
All property jointly-owned with right of survivorshi
must b
di
ITEM p
e
sclosed on Schedule F.
~~VUMBER DESCRIPTION VALUE AT DATE
~• CENTRIC BANK - CERTIFICATE OF DEPOSIT X3021221 OF DEATH
3601 VARTAN WAY 101,568.10
HARRISBURG, PA 17110
2• SATURN VUE - CAR
9,275.00
TOTAL (Also enter on line 5 Recapitulation) I $
(If more space Is needed Insert addltlonal sheets of the same size) 110 , 8 4 3 10
REV-1511 EX + (10-06)
COMMONWEAL-rH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
FREDERICK A. KOVACS
SCHEDULE H
FUNERAL EXPENSES ~
ADMINISTRATIVE COSTS
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION
A• FUNERAL EXPENSES:
1.
B• ADMINISTRATIVE COSTS:
~ • Personal Representative's Commissions
Name of Personal Representative (s)
Street Address
City State
Zip
Year(s) Commission Paid:
2. AttomeyFees REAGER 8 ADLER, PC
3• Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
City
State Zip
Relationship of Claimant to Decedent
4• Probate Fees CUMBELRAND COUNTY REGISTER OF WILLS
5• Accountant's Fees
6• Tax Retum Preparers Fees
~• LEGAL ADVERTISEMENT - CENTRAL PENN BUISNESS JOURNAL
8• LEGAL ADVERTISEMENT - CUMBELRAND LAW JOURNAL
9• SHORT CERTIFICATES - CUMBERLAND COUNTY REGISTER OF WILLS
TOTAL (Also enter on line 9 Recapitulation) I $
(If more space is needed, insert adddional sheets of the same size)
FILE NUMBER
21 08 112
AMOUNT
2,500.00
306.00
79.00
75.00
4.00
2,964.
REV-1513 EX + (9-00)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE J
BENEFICIARIES
w~n~~vr
FREDERICK A._KOVACS
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY
I TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under
Sec. 9116 (a) (1.2))
1. SHIRLEY I. KOVACS
5315 COBBLESTONE DRIVE
MECHANICSBURG, PA 17D55
2. DEBORAH KOVACS (SPECIFIC BEQUEST)
1233 OVERSTREET DRIVE
PRESCOTT, AZ 863D3
3. STUART KOVACS (SPECIFIC BEQUEST)
97A1247, 354 HUNTER STREET
OSSINING, NY 1D562
FILE NUMBER
21 D8
RELATIONSHIP TO DECEDEN
Do Not List Trustee(s)
Spousal
Lineal
Lineal
D
AMOUNT OR SHARE
OF ESTATE
82,878.10
25,ODO.DO
1.DD
~ ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 AS APPROPRIATE ON REV 1500 COVER SHEET
II NON TAXABLE DISTRIBUTIONS
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
1.
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
.__ 1
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV 1500 COVER SHEET
__ (If more space Is needed, Insert addltlonal sheets of the same size) $
REV-1500 Discount, Interest and Penalty Worksheet
Discount Calculation
Total Amount Paid within three calendar months of the decedent's date of death:
1,068.81]
Discount: ____ _ 56.25
9~iterest Table
Year
Before 1981
1982 -----------
1983 --- ---- --
-------
1984
F-----
1985
1986 --
1987_--_-_-
:198_8. through 1991
l"4'992 ----
-1993 through 1994
1995 through 1998
'~ 1999_____
2000
.2001
'-.2002
20_03_
I~ 2004 _ -- -------
~ 2005 _
--- -
- 2006
~4z~?--- -------
2008
-------
-_ TOTA
Days Delinquent I Balance Due ~ Interest
this time period this year this period
:'enalty Calculation
If,the decedent's date of death was on or before March 31, 1993, insert the applicable amount:
.1
Tiital Balance Due on January 17, 1996:
penalty:
she\ctr\willsUCovacsF. Wil]
July 13, 2001 '
LAST WILL AND TESTAMENT ~ Q
~o
,ter ~ _,
_ ~
FREDERICK A. KOVACS °~%->~ w `~--; ~-
-, ~ ~ _ _
~- ~ ~ : __'
I, FREDERICK A. KOVACS, of Harrisburg, Dauphin County, Penns Mani be'
sound and disposing mind, memory and understanding, do hereby make, publish and declare~5~- ny .. ''f
Last Will and Testament, hereby revoking any and all prior Wills and Codicils thereto by me at
anytime heretofore made.
1. FAMILY.
1.1 Identification of Family. I declare that I am married to SHIRLEY I. KOVACS
and that there are currently no children (as herein defined) of this marriage, however
I have one daughter, DEBORAH KOVACS, and one son, STEWART KOVACS,
from a previous marriage.
1.2 Definition of Family Terms. As used in this Will, the term "my spouse" shall mean
only SHIRLEY I. KOVACS. As used in this Will, the terms "my child" or "my
children" refers to all my natural children, adopted children, and stepchildren. As
used in this Will, the term "issue" refers to all lineal descendants of the indicated
person of all generations, with the relationship of parent and child at each generation
determined by the definition of "children" set forth in this paragraph.
2. PAYMENT OF BURIAL EXPENSES AND DEBTS.
2.1 Description of Expenses and Debts. I authorize my executor to pay all the expenses
of (1) a funeral or memorial service; (2) the internment of my remains, including the
-costs of a gravesite, if necessary; and (3) the installation and inscription of a suitable
marker at, and perpetual care of, the gravesite. I further direct my executor to pay all
of my debts that my executor in his or her sole discretion may allow as claims against
my estate.
3• SPECIFIC BEQUESTS I give and bequeath the following:
A. To my daughter, DEBORAH KOVACS, I give the sum of Twenty-five Thousand
Dollars ($25,000.00) cash.
B. To my son, STEWART KOVACS, I give the sum of One Dollar ($1.00).
.;~- ~1
1 FREDERI K A. KOVACS
shclctt1wi11s1ICovacsF.Wlll
July 1$, 2001
5. DISPOSITION OF RESIDUARY ESTATE.
4.1 Disposition to Spouse. All of the rest, residue and remainder of the property that I
own at the time of my death, both real and personal, and of every kind and
description, wherever situated, to which I may be legally or equitably entitled at the
time of my death (my "residuary estate"), I give outright and absolutely to my spouse,
SHIRLEY I. KOVACS, if she survives me.
4.2 In the event my spouse is not living on the sixtieth (60) day after the date of my
death, except as otherwise provided, I leave all the rest, residue and remainder of the
property that I own at the time of my death, both real and personal, and of every kind
and description, wherever situate, to which I may be legally or equitably entitled at
the time of my death (my "residuary estate") as follows:
A. One-sixth thereof to my step-daughter, VICKIE L. GRAY, if she
survives me. If my step-daughter, V)ECKIE L. GRAY does not
survive me, I devise and bequeath her one-sixth share to her issue per
stirpes who survive me. And if my step-daughter, VICKIE L.
GRAY does not survive me and does not have any issue who survive
me, then this one-sixth share will be added equally to the shares of
my other herein named step-children and step-grandchildren as set
forth herein.
B. One-sixth thereof to my step-daughter, DEBRA K. CHRISTIE, if
she survives me. If my step-daughter, DEBRA K. CHRISTIE does
not survive me, I devise and bequeath her one-sixth shaze to her issue
per stirpes who survive me. And if my step-daughter, DEBRA L.
CHRISTIE does not survive me and does not have any issue who
survive me, then this one-sixth share will be added equally to the
shares of my other herein named step-children and step-grandchildren
as set forth herein.
C. One-sixth thereof to my step-son, DAVID W, LAMBERT, III, if he
survives me. If my step-son, DAVID W. LAMBERT, III does not
survive me, I devise and bequeath his one-sixth share to his issue per
stirpes who survive me. And if my step-son, DAVID W,
LAMBERT, III does not survive me and does not have any issue
who survive me, then this one-sixth share will be added equally to the
shares of my other herein named step-children and step-grandchildren
as set forth herein.
D. One-sixth thereof to my step-daughter, PAMELA RAE SMITH, if
she survives me. If my step-daughter, PAMELA RAE SMITH does
not survive me, I devise and bequeath her one-sixth share to her issue
~~ l ~~~
2 FRED CK A. KOVACS
shc\ctr\wills\ICovacsF. Will
July 1 ~, 2D01
per stirpes who survive me. And if my step-daughter, PAMELA
RAE SMITH does not survive me and does not have any issue who
survive me, then this one-sixth share will be added equally to the
shares of my other herein named step-children and step-grandchildren
as set forth herein.
E. One-sixth thereof to my step-daughter, TRACY L. ROGER, if she
survives me. If my step-daughter, TRACY L. ROGER does not
survive me, I devise and bequeath her one-sixth share to her issue per
stirpes who survive me. And if my step-daughter, TRACY L.
ROGER does not survive me and does not have any issue who
survive me, then this one-sixth share will be added equally to the
shares of my other herein named step-children and step-grandchildren
as set forth herein.
F. One-sixth thereof to be divided equally between my step-
grandchildren and my wife's grandchildren, LISA MARIE
WHITEBREAD, SCOTT CHRISTOPHER WHITEBREAD and
TIMOTHY RICHARD WHITEBREAD if they survive me. If any
of these named step-grand children and my wife's grandchildren do
not survive me, I devise and bequeath his or her share of this one-
sixth of my residuary estate to his or her issue per stirpes who survive
me. If any of my named step-grandchildren and my wife's
grandchildren do not survive me and does not have any issue who
survive me, then I devise and bequeath that share to be added equally
to the shares of my other herein named step-grandchildren as set forth
herein
5. POWERS OF ADMINISTRATION.
5.1 Grant of Powers. My executor, in the administration of my estate, (my
"fiduciaries") shall have the powers and authorities set forth in this Article 4. These
powers and authorities may be exercised by my executor and trustee in their sole and
absolute discretion, without the permission or order of any court. These powers shall
be supplementary to those conferred by law, including, but not limited to, those set
forth in Title 20, Chapter 33, of the Pennsylvania Consolidated Statutes.
5.2 Retention of Assets. My fiduciaries shall have the power to retain any or all
property of my estate or trust, however received and acquired, for so long as they
deem appropriate. This power may be exercised even though the property may not
be of the type authorized by law for investment, and even though the retention may
leave a disproportionately large amount of the value of my estate invested in one type
of property.
~~ ~ /(ice/~ _
3 FREDERIe ~ A. KOVACS
shclctr\wills\KovacsF. Will
JWy 1~, 2001
5.3 Transfer of Assets. My fiduciaries shall have the power to sell, transfer, and convey
any property, of whatever nature, including real property, and wherever situated, that
I may own at the time of my death, or that may come into my estate or into the trust
corpus at or after my death. The sale, transfer, or conveyance may be by public or
private sale, at such time, on such terms and conditions, including selling price and
credit, in such manner, and for any reason that my fiduciaries deem appropriate,
including, but not limited to, the purpose of obtaining net proceeds to be distributed
to my residuary beneficiaries.
5.4 Investment. My fiduciaries shall have the power to invest and reinvest any property
in my estate or in the trust corpus in preferred and common stocks, bonds, notes,
common trust funds (including any managed by any corporate fiduciary), interests in
investments, trusts, mutual funds, leases, mortgages on property wherever located,
and, generally, in any property and in proportions of property as my fiduciaries deem
advisable, even though the investments are not of the character or proportions
authorized by applicable law for the investment of the funds.
5.5 Power to Borrow. My fiduciaries shall have the power to borrow money for any
purpose, for any periods of time, and on any terms and conditions as they deem
advisable (including the power to borrow from any corporate fiduciary), and to
pledge, mortgage, or otherwise encumber any property in my estate or in the trust
corpus to secure repayment of any loan, as well as the power to renew existing loans
either as maker or endorser.
5.6 Power to Hold Property in Nominee Form. My fiduciaries shall have the power
to hold any property in .the name of a nominee or in bearer form.
5.7 Distribution in Cash or in Kind. My fiduciaries shall have the power to make
distributions in cash or in kind; or partly in cash, in divided or undivided interests,
as amended, or other applicable law, and to determine which assets shall be sold and
which shall be distributed in kind, without notice to or consent by any beneficiary.
5.8 Distribution to Minors and Persons Under Disability. My fiduciaries shall have
the power to make distributions or payments to or for the benefit of any beneficiary
who is a minor, an incompetent, or who in the fiduciaries' judgment is incapacitated.
The distributions or payments shall be made in any one or more of the following
ways: (1) directly to the beneficiary; (2) directly to the creditor in payment of the
debts or expenses of the beneficiary; (3) to the guardian of the person or estate of the
beneficiary; (4) to any custodial parent of a minor beneficiary; (5) to a custodian for
the beneficiary under any law related to gifts to minors, including to my fiduciaries
in that capacity; or (6) to any other person who shall have the care and custody of the
person of the beneficiary. There shall be no duty to see to the application of funds
so paid, provided due care was exercised in the selection of the person to whom the
~.r/
4 FREDE K A. KOVACS
shclctr\wi]1slKovacsF. Wil]
July I $, 2001
funds were paid, and the receipt of the person shall be full acquittance of the
fiduciaries.
5.9 Continuation or Liquidation of Business. My fiduciaries shall have the power to
continue or to permit the continuation of any business, incorporated or
unincorporated, in which I may have any interest at the time of my death for any
period of time, or to liquidate the business on any terms as they deem appropriate.
This power includes, but is not limited to (1) the power to invest additional sums in
any business, even to the extent that my estate or the trust corpus may be invested
largely or entirely in the business, without liability for any loss resulting from lack
of diversification; (2) the power to act as or to select other persons to act as directors,
officers, or employees of any business, to be compensated without regard to being a
fiduciary under this Will; and (3) the power to make. any other arrangements in regard
to any business as my fiduciaries shall deem proper.
5.10 Emt-lovment of A Pnt~_ My fiduciaries shall have the power to employ and pay the
compensation of any and all attorneys, agents, custodians, attorneys-in-fact, experts,
investment counsel, accountants, bookkeepers, or other agents or providers of
services as my fiduciaries deem advisable in the administration of my estate.
5.11 Commissions. My fiduciaries shall have the power to take reasonable commissions
on account at any time during the administration of my estate or of the trust without
the approval of any beneficiary or of the court, but subject to allowance or
disallowance on the settlement of the final accounts of my fiduciaries.
5.12 Third Party Reliance. No person or corporation dealing with my executor shall be
required to see to the application of any property paid or delivered to my executor,
or to inquire into either the authority of my executor to enter into any transaction or
the expediency or propriety of any transaction entered into by my executor.
6• PAYMENT OF DEATH TAXES.
6.1 Payment of Estate Taxes. I direct that all federal and Pennsylvania estate taxes
payable as a result of taxes assessed on property passing under this Will shall be paid
from my residuary estate as a part of the expenses of the administration of the estate.
6.2 Inheritance Tax. I direct that the Pennsylvania inheritance taxes payable as a result
of my death shall be paid out of my residuary estate and shall not be deducted or
collected from any beneficiary under this Will or other transferee.
5 FREDE _ K A. KOVACS
she\ch\wiIlsUCovacsF. Will
July 1%, 2001 `
7. EXECUTOR.
7.1 Appointment. I name, constitute, and appoint my spouse as executor of my estate.
If my spouse shall not survive me, shall not serve as executor for any reason, or shall
cease to serve as executor for any reason after appointment VICKIE L. GRAY and
DAVID W. LAMBERT, III, shall act as Co-executors in her place.
7.2 Bond Not Required. None of the individuals named in Section 7.1 shall be required
to furnish a bond for the faithful performance of his or her duties as executor.
8. PRESUMPTION IN CASE OF SIMULTANEOUS DEATH.
For the purposes of this Will, in determining whether a person has survived me or another
person, (1) my spouse shall be deemed to have survived me it unmistakably appears by proof
that she predeceased me; and (2) in all other cases; a person shall not be deemed to have
survived me or another person if he or she dies within sixty (60) days of my death or of the
death of the other person.
9. LIABILITY OF EXECUTOR.
My executor and trustee shall not at any time be liable for mistake of law or of fact, or both
law and fact, or errors of judgment, nor for any loss coming to any beneficiary under this
Will, or to any other persons, except through actual fraud or willful misconduct on the part
of the executor or trustee. My executor or trustee may, from time to time, consult with
counsel with respect to the meaning, construction, and operation of this Will, particularly
with respect to the appointments, allocations, .and disbursements, and may act on the advice
of counsel in all matters without incurring liability on account of his or her actions.
10. INTERPRETATION.
1 1. l Will Not Contractual. My spouse and I are executing Wills at approximately the
same time, in which each of us is the primary beneficiary of the Will of the other.
These Wills are not being executed pursuant to any contract to make a Will or any
contract not to revoke a Will. The Will of each of us is revocable at any time,
whether before or after the death of the other spouse, at the sole discretion of the
spouse .making the Will.
11.2 Successors of Fiduciaries. All pronouns referring. to an executor or trustee and the
terms "executor" and "trustee" shall be construed to mean any person acting as my
executor, co-executor, co-trustee, trustee, or administrator, as the case may be.
11.3 Number and Gender. If required by the context of this Will, singular language shall
be construed as plural, plural language shall be construed as singular, and the gender
of personal pronouns shall be construed as either masculine, feminine, or neuter.
~,_~G~ ~,,,,_
she\ctr\wills\ICovacsF. Wil]
July I ~, 2001
11.4 Headiness. All headings used in this Will to describe the contents of each article,
paragraph, or other division are provided for convenience only and shall not be
construed to be a part of this Will.
11.5 Governing Law. This Will shall be construed in conformity with the law of the
Commonwealth of Pennsylvania.
IN WITNESS WHEREOF, I have hereunto set my hand and seal to this, my Last Will and
Testament, consisting of seven (7) typewritten pages, the first six (6 of which bear my signature in
the margin for the purpose of identification, this ~--o day of ~ , 2001.
~~ '~
F DERICK A. K VACS ,TESTATOR
Signed, sealed, published and declared by the above-named Testator, FREDERICK A.
KOVACS, as for his Last Will and Testament, in the sight and presence of us, who, at his request,
in his sight and presence and in the sight and presence of each other, have hereunto subscribed our
names as wi a es. ~'`
Address ~~~~ %~'~,~G~~~~~f
~~~~ ~
--~~i7~
~~ ~ ~ Address ~~'~~ / // ~~.1~~ ~~,s~~
J ~
~~r~ ,~~ ~~ ~ 7~i~~
shcictr1wi11s1rCovacsF. W;]1
Ju1Y 1A. 2001
COMMONWEALTH OF PENNSYLVANIA )
COUNTY OF~,,C.E,01~~ (~ SS.
`-
I, FREDERICK A. KOVACS, THE TESTATO
FOREGOING INSTRUMENT, HAVING BEEN DULY QUALIFOIED ACCIORDINIG TOD TO THE
HEREBY ACKNOWLEDGE THAT I SIGNED AND EXECUTED THE INSTR LAW, DO
WILL AND TESTAMENT, THAT I SIGNED IT WILLINGLY• UMENT AS MY LAST
AND VOLUNTARY ACT FOR THE P ~ ``~D THAT I SIGNED IT AS MY FREE
URPOSES THEREIN EXPRESSED.
SWORN OR AFFIRMED TO AND ACKNOWLEDGED BEFORE ME BY
KOVACS, THE TESTATOR THIS O /y DAY OF ~G y F~DERICK A.
_ 2001.
NOTARIAL SEAL
CASSANDRA T ROSENBAUM, Nota Public l
Harrisburg, Dauphin County ry DE CK A. K VACS, Testator
My Commission Expires December 4, 2004 "-'%1
d ~ ~ r
COMMONWEALTH OF PENNSYLVANIA
Notary Public
COUNTY OF ~ , SS.
`"~=r--~~~~ 1
wE, ~/r~~r.~ l,' ~~=.~,c~G AND ~.~~
THE WITNESSES WHOSE NAMES ~~~~ ~~. '`~
DULY QUALIFIED ACCORDING TO LAEW,ID pp E AND SAY~T AOT WEINS~
SAW THE AFORESAID TESTATOR SIGN UMENT, BEING
AND EXECUTE THE INSTRIJI~,IENT AS~HI~ AST W
AND TESTAMENT, THAT HE SIGNED WILLINGLY AND
AND VOLUNTARY ACT FOR THE pURpOSES THEREIN E ~SSEHEDEXECUTED IT AS HIS FREE
HEA~NG AND SIGHT OF THE TESTATOR SIGNED THE WILL AS WITNESSES•H OF US IN THE
~ BEST OF OUR KNOWLEDGE THE TESTATOR WAS AT THE TIl~2E EIGHTEENA~ THAT TO
YEARS OF AGE, OF SOUND MIND AND UNDER NO CONSTRAINT OR UNDUE ~I 8) OR MORE
SWORN OR AFF INFLUENCE.
~l L t, IRMED TO AND SUBSCRIBED TO
---__, 2001. ORE 1\'IE, THIS o ><y DAY OF
Witness
NOTARIAL SEAL
CASSANDRA T. ROSENBAUM, Notary Public '
Harrisburg, Dauphin County ~~•-
My Commission Expires December 4, 2004 fitness
.~sZf~.-dt- ~ ~ rl
Notary Public .