Loading...
HomeMy WebLinkAbout03-11-091~ PNC WEALTH MANAGEMENT PO Box 308 c.~ ..., Camp Hill, PA 17001-0308 -- ~ 1 `° 717 730-2265 "J `~ ~ - - March 9 2009 ~, _~, ~~, -- ' - - , - Register of Wills ` ~ ~ ~ -ca ~' Cumberland County Courthous e ~' ~ ; ' - ' 1 Court House Square -- Carlisle, PA 17013 VIA HAND DELIVERY Re: PA Inheritance Tax Return - Betty G Allen, deceased March 23, 2008 PNC Bank NA Trustee, Betty G Allen Trust Under Trust Agreement Dated October 16,1996 Dear Register Of Wills: On behalf of the Corporate Trustee of the above-referenced Trust, enclosed are two original completed copies of the Pennsylvania Inheritance Tax Return. There is a zero balance due on the account. I have enclosed a check in the amount of $15.00 for filing fees. Please time/date stamp the enclosed copies of the letters & cover pages of the tax return. Sincerely, ~"' Linda J. Lundberg, CTFA ~'~-- Estate Administrator Vice President LJL/jlc Enclosures: Member of The PNC Financial Services Group 4242 Carlisle Pike Camp Hill Pennsylvania 17011 ___I REV-1500 15056041158 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue County Code Year File Numbg Bureau of Individual Taxes ~ t Po Box 2sosot INHERITANCE TAX RETURN ~,~ ~~ ,~, ~ l Harrisburg, PA 1 7 1 28-0601 RESIDENT DECEDENT ~ ~ 4, ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 193-36-3563 03232008 05161918 Decedent's Last Name Suffix Decedent's First Name M I ALLEN BETTY G (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name M I ALLEN, JR ALBERT L Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE 205-07-0946 REGISTER OF WILLS FILL IN APPROPRIATE BOXES BELOW 1. Original Return ^ 2. Supplemental Return ^ 3. Remainder Return (date of death prior to 12-13-82) ^ 4 Li it d E t t ^ 4 F t I t t C i f ^ 5 d t F . m e s a e a. u ure n eres omprom . se ( a e o ederal Estate Tax Return Required 6 Decedent Died Testate ~ 7 death after 12-12-82) Decedent Maintained a Livin Trust 8 Total Number f S f D it B . (Attach Copy of Will) . g . o a e epos oxes (Attach Copy of Trust) ^ 9 ^ 10 ^ 11 . Litigation Proceeds Received . Spousal Poverty Credit (date of death . 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 TO: Name Daytime Telephone Number LINDA LUNDBERG 717-730-2265 Firm Name (If A plicable) P PNC BANK, N•A• First line of address P•0• BOX 308 Second line of address City or Post Office CAMP HILL State ZIP Code PA 17001 'r Correspondent's a-mail address: 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 RF..~19l1Ibl8L~,f~H ~'ILllt{Q R~Tt1SN :. , c~ ~ ,.~. DATE ADDRESS SIGNATURE OF PREPARER ADDRESS Lt DATE PLEASE USfc ORIGINAL FORM ONLY Side 1 15056041158 6M46473.000 15056041158 J J REV 1500 15056041158 - EX (06-05) PA Department of Revenue OFFICIAL USE ONLY County Code Year File Number Bureau of Individual Taxes PO BOX 280601 INHERITANCE TAX RETURN Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 193-36-3563 03232008 Decedent's Last Name Suffix Decedent's First Name M I ALLEN BETTY G (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name M I ALLEN, JR ALBERT L Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE 205-07-0946 REGISTER OF WILLS FILL IN APPROPRIATE BOXES BELOW 1.. Original Return ^ 2. Supplemental Return ^ 3. Remainder Return (date of death prior to 12-13-82) ^ ^ ^ 4a. 4. Limited Estate 5. Federal Estate Tax Return Required Future Interest Compromise (date of death after 12-12-82) 6. Decedent Died Testate ~ 7. Decedent Maintained a Living Trust 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) ^ 10 ^ h ^ 1 1 El ti di d f d . 9. Litigation Proceeds Received . ec Spousal Poverty Cre t ( ate o eat on 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 TO: Name Daytime Telephone Number LINDA LUNDBERG F~ N If A I' bl 71,7-730-2265 Irm ame ( pp ica e) PNC BANK, N-A- First line of address P-O- BOX 308 Second line of address City or Post Office CAMP HILL State ZIP Code PA 17001 DATE FILED Correspondent's a-mail address: 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 DATE ADDRESS SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE ADDRESS PLEASE USE-ORIGINAL FORM ONLY Side 1 DATE 15056041158 6M46473DOD 15056041158 _! 15056042159 REV-1500 EX Decedent's Social Security Number 193-36-3563 Decedent's Name A L L E N BETTY G RECAPITULATION 1. Real estate (Schedule A) - 1 0.00 2. Stocks and Bonds (Schedule B) . 2. 0 • 0 0 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) • 3. 0 . 0 0 4. Mortgages & Notes Receivable (Schedule D). 4. 0 , 0 0 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) . 5. 3 ], ], 8 -~ • 5 0 6. Jointly Owned Property (Schedule F) ~ Separate Billing Requested 6. 0 • 0 0 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) ~ Separate Billing Requested 7. 9 0 518 4 • 8 8 8. Total Gross Assets (total Lines 1-7) . . . . . . . . . . . . . . . . . . . . . . . . 8. 9 3 6 3 7 2 . 3 8 9. Funeral Expenses & Administrative Costs (Schedule H) . 9. 2 0 ], 2 6 , 9 5 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I). 10. 4 6 6 . 2 8 11. Total Deductions (total Lines 9 & 10) • - 1 1. 2 O 5 9 3.2 3 12. Net Value of Estate (Line 8 minus Line 11) 12. 91,5779 • 15 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) • ...... 13. 8 8 4 5 91 • 6 6 14. Net Value Subject to Tax (Line 12 minus Line 13) 14. 31,1, 8 7 • 4 9 TAX COMPUTATION -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[L 31187 • 50 15. 0 • 00 16. Amount of Line 14 taxable at lineal rate X .015 0, 0 0 16. 0, 0 0 17. Amount of Line 14 taxable at sibling rate X .12 0. 0 0 17. 0. 0 0 18. Amount of Line 14 taxable at collateral rate X .15 0. 0 0 18. 0. 0 0 19. TAX DUE 19. 0 - 0 0 20. FILL IN THE BOX IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 15056042159 sMasaaz.ooo 15056042159 J REV-15D0 EX Page 3 Decedent's Complete Address: File Number DECEDENT'S NAME ALLEN BETTY G STREET ADDRESS CUMBERLAND CITY ENOLA STATE ZIP - Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) 2. Credits/Payments A. Spousal Poverty Credit ~ • 0 ~ B. Prior Payments 0 • ~ ~ C. Discount ~ • 0 ~ (1) 0-00 Total Credlts (A + B + C) (2) Q Q 3. Interest/Penalty if applicable D. Interest 0 • o a E. Penalty ~ • ~ ~ Total Interest/Penalty (D + E) (3) LI LI U 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in box on Page 2, Line 20 to request a refund. (4) ~ • ~ ~ 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) [] • ~ Q A. Enter the interest on the tax due. (5A) ~ • ~ ~ B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (56) ~ • Q ~ 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; X 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? . . " " X or payable upon death bank account or security at his or her death? in trust for 3. Did decedent own an 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. For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent [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 use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116(1.2) (72 P.S. §9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. 6 M4671 1. D00 BETTY G. ALLEN SSN: 193-36-3563 DATE OF DEATH: 3/23/08 Rider to page 1, #6 Betty G. Allen died testate on 3/23/08, her Will appoints her husband, Albert L. Allen, Jr. and PNC Bank, N.A. as Executors. The Will gives all personal effects, clothing, furniture, furnishings, jewelry, automobiles, other tangible personal property to her husband, Albert L. Allen, Jr. The rest, residue and remainder of her estate are given to PNC Bank, N.A., Trustee, under the Decedent's Trust Agreement dated 10/16/96. Due to the fact that nearly all of the decedent's property was owned by her Trust, the decedent's Will was not probated. PNC Bank, N.A., is filing the Pennsylvania Transfer Inheritance Tax Return as Trustee and party in possession of the decedent's property. REV-1570 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS 8r MISC. NON-PROBATE PROPERTY ESTATE OF G. Allen FILE This schedule must be completed and filed if the answer to arty of questions 1 through 4 ort the reverse side of the REV-1500 COVER SHEET is yes. ITEM NUMBS DESCRIPTION OF PROPERTY IIJ~LIAETI-ENqIAEOFTEiRANSFEREE,THEIRREIATIONSHIPTODECEDENTAI~ID TIE DATE OFTRAMFER.AITACHACOPYOFTHEDEEDFORREALESTATE. DATE OF DEATH VALUE OF ASSET %OFDECD~S If~fi1=REST EXCLUSION IF APPLICABLE TAXABLE VALUE ~• Betty G. Allen created a Revocable Trust Agreeement dated 10/16/96. The assets held in the trust have been valued as of her date of death and are listed below: 1,621 Shales AT~T Inc CUSIP: 002068102 59,737.90 100,0000 0.00 59,737.90 @ 36.8525 2 25,000 Par Allentown PA Parking Auth 2,75 Due 10/01/09 CUSIP: 018465E J9 '25,235.69 100,0000 0.00 25,235.69 @ 100.94275 Interest accrued to 3/23/2008 330.38 100.0000 330.38 3 600 Shares Bank Amer Corp Common New York Stock Exchange CUSIP: 060505104 24,819.00 100.0000 0.00 24,819.00 @ 41.3650 Dividend accrued on 3/23/2008 384,00 100.0000 384.00 4 900 Shares Bzistol Myers Squibb Co Common New York Stock Exchange CUSIP: 11012210$ 19,287.00 100.0000 0,00 19,287.00 @ 21.4300 5 400 Shares Dominion Res Inc Va New Common New York Stock Exchange CUSIP: 257460109 16,218.00 100.0000 0.00 16,218,00 @ 40.5450 Total from continuation sched les 759,172.91 TOTAL (Also enter on line 7, Recapitulation) I $ __ 905,184.88 (If more space is needed, insert additional sheets of the same size) 3 W46AF 1.D00 Estate of: Betty G. A11en Schedule G (Page 2) Item DOD Value No. Description of Asset ~ Interest Exclusion 6 500 Shares Duke Realty Corp Com New New York Stock Exchange CUSIP: 264411505 @ 22.9550 7 800 Shares Exxon Mobil Corp Common New York Stock Exchange CUSIP: 302316102 85.0375 8 250 Shares Fortune Brands Inc Common New York Stock Exchange CUSIP: 349631101 @ 66.0765 9 400 Shares Fpl Group Inc Common New York Stock Exchange CUSIP: 302571104 @ 61.2200 10 300 Shares General Elec Co Common New York Stock Exchange CUSIP: 369604103 @ 37.0105 Dividend accrued on 3/23/2008 11 1,300 Shares Hershey Foods Corp Common New York Stock Exchange CUSIP: 427866108 @ 37.7525 12 400 Shares Johnson & Johnson Common New York Stock Exchange CUSIP: 478160104 Total (Carry forward to main schedule) Taxable Value 11,477.50 100.0000 0.00 11,477.50 68,029.60 100.0000 0.00 68,029.60 16,519.13 100.0000 0.00 16,519.13 24,488.00 100.0000 0.00 24,488.00 11,103.15 100.0000 0.00 11,103.15 93.00 100.0000 93.00 49,078.25 100.0000 0.00 49,078.25 26,056.00 100.0000 0.00 26,056.00 206,844.63 Estate of: Betty G. Allen Schedule G (Page 3) Item DOD Value No. Description of Asset $ Interest Exclusion 65.1400 13 25,000 Par Lower Salford Twp PA Swr Auth 3.40$ Due 11/15/2011 CUSIP: 548573BQ6 @ 101.4280 Interest accrued to 3/23/2008 14 200 Shares Mccormick & Co Inc Non Voting Com New York Stock Exchange CUSIP: 579780206 @ 36.1625 15 30,000 Par Palmyra PA Area School Dist 4.00$ Due 5/1/08 CUSIP: 697334HQ6 100.1785 Interest accrued to 3/23/2008 16 25,000 Par Pine Grove PA Area Sch Dist 4.00$ Due 4/15/14 CUSIP: 722580EF0 @ 100.0470 Interest accrued to 3/23/2008 17 17,957.871 Shares Rowe T Price Summit Mun Fds Mun Income Fd Mutual Funds, Money Market Fds CUSIP: 77957N308 10.7200 18 1,000 Shares Sterling Finl Corp Common NASDAQ Stocks CUSIP: 859317109 @ 18.0082 Total (Carry forward to main schedule) Taxable Value 25,357.00 100.0000 0.00 25,357.00 304.58 100.0000 304.58 7,232.50 100.0000 0.00 7,232.50 30,053.55 100.0000 0.00 30,053.55 476.67 100.0000 476.67 25,011.75 100.0000 0.00 25,011.75 441.67 100.0000 441.67 192,508.38 100.0000 0.00 192,508.38 18,008.20 100.0000 0.00 18,008.20 299,394.30 Estate of: Betty G. Allen Schedule G (Page 4) Item DOD Value No. Description of Asset $ Interest Exclusion 19 400 Shares United Technologies Corp Common New York Stock Exchange CUSIP: 913017109 69.4300 20 25,000 Par Warwick Twp PA Mun Auth GTD WT 3.20 Due 4/1/13 CUSIP: 936697CN9 @ 100.0680 Interest accrued to 3/23/2008 21 25,000 Par Wattsburg Area Sch Dist PA 4.125 Due 4/1/15 CUSIP: 942750EK2 103.31525 Interest accrued to 3/23/2008 22 25,000 Par West Jefferson Hills PA School District 4.10$ Due 8/1/10 CUSIP: 953470GR6 @ 100.62824 Interest accrued to 3/23/2008 23 25,000 Par Wyoming PA Area Sch Dist 3.150$ Due 7/1/12 CUSIP: 983455BX3 101.9595 Interest accrued to 3/23/2008 24 67,587.06 Units Blackrock Liquidity Funds Tempfund Principal Cash CUSIP: 993077106 @ 1.00 25 Blackrock Liquidity Funds Tempfund Income Cash CUSIP: 999077100 1.(70 26 Pennsylvania State Bank Total (Carry forward to main schedule) 27,772.00 100.0000 25,017.00 100.0000 384.44 100.0000 25,828.81 100.0000 495.57 100.0000 25,157.06 100.0000 150.90 100.0000 25,489.88 100.0000 181.56 100.0000 67,587.06 100.0000 1,795.99 100.0000 53,073.71 100.0000 0.00 0.00 0.00 0.00 Taxable Value 27,772.00 25,017.00 384.44 25,828.81 495.57 25,157.06 150.90 0.00 25,489.88 181.56 0.00 67,587.06 0.00 0.00 1,795.99 53,073.71 252,933.98 Estate of: Betty G. Allen Schedule G (Page 5) Item No. Description DOD Value Taxable of Asset ~ Interest Exclusion Value Checking account # 10002517 Balance as of 3/23/08 Total (Carry forward to main schedule) 0.00 REV-1611 EX+(10.06) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES ~ ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Debts of decedent must be reported on Schedule 1. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: ~ Albert L. Allen, Jr. Reimbursement for funeral services and luncheon 8,646.95 B. 1 ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Street Address City State Zip 2. Attorney Fees 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant 4. 5. 6. 7. 1 2 Year(s) Commission Paid: Street Address City State Zip Relationship of Claimant to Decedent Probate Fees Accountant's Fees Tax Return Preparer's Fees PNC Bank, N.A. Tax services Patricia Ruppersburg Appraisal fee 8,800.00 2,500.00 180.00 TOTAL (Also enter on line 9, Recapitulation) ~ $ 20 , 126.95 ~wa6ac i o00 (If more space is needed, insert additional sheets of the same size) REV-1512 EX+ (12-08) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULEI DEBTS OF DECEDENT, MORTGAGE LIABILITIES 8r LIENS ESTATE OF FILE NUMBER Betty G. Allen Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. 8W46AH 2.000 If more space is needed, insert additional sheets of the same size. REV-1513 EX+(11-08) SCHEDULE J pennsylvania DEPARTMENTOF REVENUE BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Bett G. A11en RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE TAXABLE DISTRIBUTIONS (include outright spousal distributions, and transfers under Sec. 2116 (a) (1.2).] 1. Albert L. Allen, Jr 2605 Spring Hill Lane Enola, PA 17025 Bequest of jewelry valued at 21,555.00 Bequest of auto valued at 9,632.50 Surviving Spouse ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET, AS APPROPRIATE. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 2113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN 1 B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1 I See Attached TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. ~ $ If more space is needed, insert additional sheets of the same size. 31,187.50 884,591.66 8W46AI 2.000 Estate of: Betty G. Allen Schedule J Part 2B (Page 1) Item No. Description 1 Betty G. Allen Trust Part A c/o PNC Bank, N.A. P.O. Box 308 Camp Hill, PA 17001 50~ of Residue: 442,295.83 2 Betty G. Allen Trust Part B c/o PNC Bank, N.A. P.O. Box 308 Camp Hill, PA 17001 Amount 442,295.83 50~ of Residue: 442,295.83 442,295.83 L LAST JILL AND TE~TAII~ENT ©F BETTY G. ALLEN J i, BETTY G. E~~~' N , eke this my Last Will and Testament, and I revoke any previous Will. FIRST: I direct my Executor to pay all my last illness and funeral expenses as soon as convenient. SECQND: All personal effects., clothing, furniture, furnishings, jewelry, automobiles,. other tangible personal property of every kind, I give to my husband, ALBERT L. ALLEN, 7R., if he sur-trives me for a period. of thirty {34) days. If he shall nat so survive me, then the same shall pass with the residue of my Estate- THIRD: All the rest, residue and remainder of my estate, of whatsoever nature and wheresoever situate, including that over which I have a Power of Appointment, I give, devise and~beq~ueath In Trust to PNE (BANK, N.A., Trustee under the Trust Agreement with me as Settlor dated ~~,.~.,_, 1996- I hereby waive the Power of Appointtnnent in the Trust Agreement created by my husband with PNC BANK, N.A. dated , FOtfRTH: All estate, inheritance and other death taxes, together with interest and penalties, payable with respect to property or interests passing under my will or any codicil, shall be paid out of the principal of Part "A" of the Trust I have created, described in paragraph THIRD above. Provided, however, that this shall not be deemed to limit the effect of any direction in a trust. created by my spouse for my benef t which qualifies far a marital deduction as to payment of the full increase in death taxes caused by the inclusion of the principal of such trust in my gross taxable estate. FIFTEi: My Executor is hereby authorized and empowered, in addition to such powers granted executors b} lain, alt ezereis~ble without court order: {a) to sell securities ar other property, real or personal ar both; {b) to borrow tnoney -from such persons as it may desire, including the power to borrow froze itself as an 1 ._. ~_ -- <_ individual or as a ftduciary under any Trust Agreement for any purpose necessary or desirable in connection v«~ith the payment of taxes ar other matters incidental to the settlement or adtinistration of my Estate, or far investment purposes, en either a secured ar unsecured basis, at such rate of.interest as may be necessary and to sign Hates anal to pledge the assets of my Estate as security therefor; (c} to make non-prorata distributions in kind or partly in kind or partly in cash; (d) to retazt all ar any part of my property, real or personal, carfstituting my Estate for such time as my Executor deems best. ar to invest or reinvest the same without being restricted to "legal" investments; (e) to ftle joint income tax returns and to consent to joint gift. tax returns with my husband, his executors ar administrators; (f) to compromise claims against ar in favor of tkte Estate, with. ar without Court approval an such terms and conditions as Executor deems appropriate, in my Executor's sole discretion; (g} if the Estate includes at~y interest which I had in a business at the time of my death, whether the same is a sole proprietorship, a partnership, ar a corporation in which I owned all or a substantial portion of the stock, to continue t=ne business, until such time as my Executor deems advisable to sell, liquidate ar distribute the same in kind. Executor shall. have all rights and powers in connection with the business as I had when living, including by way of example and Hat limitation, the powers to operate ar join in the operation thereof as a going concern, to form ar re-form a general or ]united partnership, to incorporate or re-incorporate and to liquidate ar sell the same or any part thereof, all as it deems advisable far the best interests of the Estate and. of the beneficiaries thereof; without any liability far loss resulting from the .operation of said business except where such lass is the result of negligence or fraud on the part of the Executor; {h) to receive, for its services in connection with any such business, such. additional compensation as may be commensurate therewith; (i) to claim, in my Executor's discretion, expenses of administration of my Hstate as deductions for federal income talc purposes, when this will result in an overall reduction, of income and death taxes far my Estate (no adjustments between income and principal or in the amount of the distributions to the trusts created. by separate instrument shall be required as a result of such action); (j) in my Executor's sole discretion, to elect (or riot) to treat as property passing to my husband and as eligible far the marital deduction under I.R.C. Section 2056(a} property which is "qual~ed terminalale interest property" within the meaning of I.R.C. Section 2056(b}(7}, in aI1 regards except for such election; (k} in my Executor's sole discretion to allocate such exemptions as are available as tp the generation skipping transfer tax to any property, to 2 exclude any property from that allocaton and to mare all related allocations thereto. No beneficiary shalt have any claim against my Executor for exercising such allocation powers as granted herein. {l) in my Executor`s sole discretion to compromise taxes on future interests on such terms and conditiar~s as Executor deems appropriate; {m) to maintain reasonable reserves for degreeiatian, depletion, amortization and obsolescence; SIXTH: I nominate, Gonstitutc and. appoint my husband., ALBERT` L. ALLEN, 3R., if he sun~ives me, and PNC BANK, N.A., as Co-Executors under this my Last Will and Testament. But if n1y husband predeceases me ar otherwise is unable or unwilling to serve, then no successor shall be appointed far him. No band shall be required is this or any other jurisdiction of my ;executor. SEVENTH: I hereby nominate, constitute and appoint PNC BANK, N.A., as Guardian of tine estate of any minor or other beneficiary physically ar mentally unable to manage his ar her affairs and to sen%e without band in this or any other jurisdiction. if any beneficiary of my estate is under the age of eighteen (18) years at the time at which distribution of any property devised and bequeathed by this WiII would otherwise be made to such. beneficiary, or is unable to manage his or her own affairs, my Executor shall distribute alt such property to the guardian of the estate of such benpf Glary, The guardian shall hold, manage, invest and reinvest any property received by the guardian (whether under this Witt ar otherwise), shalt collect the income thereof, and shall apply so much of the net income and, if the net. income is insufficient, so much of the principal of the property held for such beneficiary as the guardian shall deem necessary ar advisable for such beneficiary's health, maintenance, support and complete: education. The guardian shall accumulate any surplus net inoomo annually and add the same to the principal of the property held for such beneficiary. When such beneficiary attains the age of eighteen (18) years, or becomes able to manage his or her affairs, the guardian shall distribute to such beneficiary a1I property held by the guardian for such beneficiary, If such beneficiary dies before attaining the age of eighteen {18) years, or becoming. able to manage his or her aft'airs, the guardian shall distribute to the personal representative of such beneficiary's estate all property held by the guardian for such beneficiary. 3 EIGHTI-f. The compensation payable to my Executor shall be the compensation due, in accordance with. tl~e fee schedule of my Executor at the time such services are rendered, or if my Executor is an individual, such compensation shall be reasonable compensation. IN WITNESS WHEREOF, T, BE~"T~Y C . ATILEN ,the Testatrix, to this my I.as€ uaill aIId - ~# Testament, typewritten on six. (6) sheets of paper have set my hand and seal this _ ~ ~i . • day of ia~.R , 1.776• BE`r G. ALLEN Signed, sealed, published and declared by Testatrix as and for her Last Will and Testament., it our presence, at her request and in ~e presence of each other have hereunto set our hands and. seals as attesting witnesses. residing at residing at TABLE OF CONTENTS TO TRUST AGREEMENT BETWEEN BETTY G. ALLEN, AS SETTLOR ' AND PNC BANK, N.A., AS TRUSTEE ADMINISTRATIVE PART .............................................. ......... 2 Article I Addition of Property to Trusi ................................. ......... 2 Article II Reservation of Rights ..................................... ......... 2 Article III Principal and Income Disbursement ........................... ......... 3 Article IV Premiums on Policies .................................... ......... 3 Article V Amendment and Revocation ................................ ......... 3 Article VI Litigation to Enforce Policies, Collect Claims ..................... ......... 3 Article VII Powers of Trustee ...................................... ......... 3 A. Retain Assets ......................................... ......... 3 B. Dispose of Property ..................................... ......... 3 C. Authorized Investments ................................... ......... 4 D. Register Securities ...................................... ......... 4 E. Loans; Advances ....................................... ......... 4 F. Retention in Cash ............:....................... ~... ......... 4 G. Borrow Money ........................................ ......... 4 H. Vote Securities .:...................................... ......... 4 I. Allocate Receipts, Expenses ..:............................. ......... 4 J. Distribute Cash or Kind, Non-Prorata .......................... ......... 4 K. Consolidated Fund ...................................... ......... 4 L. Compromise Claims ..................................... ......... 4 M. Engage Experts ........................................ ......... 5 N. Principal to Minor ...................................... ......... 5 O. Prohibition Against Sale .................................. ......... 5 P. Facility of Payment ..................................... ......... 5 Q. Vesting ............................................. .........5 R. Termination .......................................... ......... 5 S. Adopted Children Included ................................. ......... 5 T. Business Authority ...................................... ......... 5 U. Discretionary Power .................................... ......... 6 V. Powers Through Final Distribution ........................... ......... 6 W. Allocation of Assets .................................... ......... 6 X. Protection of Marital Deduction ............................. ......... 6 Y. Employee Benefit Election ................................. ......... 6 Z. Education Defined ...................................... ......... 6 AA. Occupancy of Residence ................................. ......... 6 BB. Limitation on Trustee Power .............................. ......... 6 CC. Consultation with Others ................................. ......... 6 DD. Generation Skipping ................................... ......... 7 EE. Reserves ......................................... .........7 FF. Trustee's Power to Amend ............................. ......... 7 Article VIII Applicable Law ........................................ ......... 7 Article IX Receipt of Policies ....................................... ......... 8 Article X Trustee's Compensation .................................... ......... 8 Article XI Resignation of Trustee ............................................. 8 Article XII Removal of Trustee ..................................... ......... 8 SCHEDULE"A" .................................................... ......... 11 LIST OF THE LIFT; INSURANCE POLICIES ........................... ......... 11 SCHEDULE"B" ......................:............................. ......... 12 TRUST AGREEMENT THIS AGREEMENT is made this ~~O day of ~ 1996, by and between BEZ TY G. ALLEN, (hereinafter called "Settlor") and PNC BANK, N.A., (hereinafter called "Trustee"). I. BACKGROUND: Settlor has caused this Trust to be funded by the transfer and assignment of certain property to Trustee, and/or by naming Trustee as beneficiary of certain life insurance policies. The Settlor may also cause other property to be deposited for the uses and purposes of this Trust. The property and/or insurance policies may be listed for convenience in detail in Schedule "A" attached to this Trust, and made a part hereof. The Trust is composed of two parts, an Administrative Part and a Dispositive Part. The Trust may be amended. ADMINISTRATIVE PART II. AGREEMENT: Settlor creates this Trust on the following terms and conditions: Article I Addition of Property to Trust Settlor reserves the right to add to this Trust any policies of insurance issued on Settlor's life and any other property and/or securities whether such addition be made by the Settlor or any other person. The proceeds of any such policies of insurance or any additional property and/or securities so acquired shall be held on the same terms of trust as if originally a part of the Trust. Article II Reservation of Rights (Insurance) Settlor reserves to Settlor, during Settlor's life, all payments, dividends, surrender value privileges and benefits of any kind which may accrue on account of any of the aforesaid policies of insurance, and the right at any time to assign, pledge or use said policies, or any of them, or to change the beneficiary thereof, or to borrow money thereon, without the consent, approval or joinder of the Trustee, or any beneficiary hereunder. The Trust shall be operative only as to the proceeds of such of the policies as in terms may be due and payable to the Trustee at the time of the death of the Settlor or thereafter, after deduction of all charges against the policies by way of advances, loans, premiums or otherwise. Such proceeds shall be principal. The receipt of the Trustee for such proceeds shall release the insurance companies from liability on the policies. (Other Property) As to assets added to the Trust during the lifetime of the Settlor, and by the Settlor, the Settlor reserves to Settlor, during Settlor's life, the right to withdraw or direct payment of principal or income, and to direct Trustee to make such investments as Settlor desires, as well as the right to approve, in advance, any investments Trustee selects. Subject to these powers of Settlor, Trustee may pay principal or income for the support or welfare of Settlor. As to assets added to the Trust by a person or entity other than Settlor, Trustee shall, during the lifetime of Settlor, in Trustee's sole discretion, pay so much of the income and/or principal as Trustee deems necessary, for the benefit of Settlor and/or the issue of Settlor and for the support, maintenance, health, and safety of Settlor, or the issue of Settlor. All accumulated or undistributed income shall be added to principal hereunder. Article III Principal and Income Disbursement Upon Settlor's death,, the Trustee shall disburse the income and principal of the Trust Estate in the manner set forth in detail in Schedule "B" attached hereto. Article IV Premiums on Policies Trustee is not obligated to pay any premiums or assessments on policies of insurance and shall be under no obligation in respect to the policies other than for the safe-keeping thereof, except to the extent otherwise expressly agreed to herein, if the policies are deposited herewith. Article V Amendment and Revocation Settlor may by a writing, delivered to the Trustee: (a) amend, modify or alter this Agreement, in whole or in part, provided that the duties, powers and liabilities of the Trustee shall not be changed without its written consent; (b) revoke this Agreement in whole or in part; provided, however, that the rights of Settlor under (a) and (b) shall not apply to any assets added to the Trust by a person other than Settlor. Article VI Litigation to Enforce Policies, Collect Claims The Trustee may institute any proceedings at law or in equity in order to enforce the payment of insurance policies or the collection of other property, and may do and perform any and all other acts and things which may be necessary to do so. Trustee shall not, except at its option, enter into or maintain any litigation to enforce the payment of said policies, or collect such property until it shall have been indemnified to its satisfaction against all expenses and liabilities to which it may, in its judgment, be subjected by any such action on its part. The Trustee is authorized to compromise and adjust claims arising out of the insurance policies or any of them or other property, upon such terms and conditions as it may deem just, and the decision of the Trustee shall be binding and conclusive upon all persons and corporations interested therein, all without necessity for court approval . Article VII Powers of Trustee Except as otherwise specifically provided herein, and in addition to the powers granted Trustee by law, (all of which shall be exercised by Trustee without posting bond or furnishing sureties in this or any other jurisdiction), the Trustee shall hold and manage the fund, when so collected, together with such other property as may be acquired, during the existence of this Trust, all of which property will hereinafter be referred to as the "Trust Estate", or "Trust" being any trust or trusts created herein or in Schedule "B" hereof, upon the following terms and conditions and with the following powers and authorities: A. Retain Assets: To retain all or any part of the trust in the form in which it was acquired as long as it deems advisable; B. Dispose of Property: To sell, exchange, partition, lease, option, or otherwise dispose of any property or part thereof, real or personal, which may at any time form part of this Trust Estate at public or private sale for such purposes and upon such terms, including sales on credit with or without security, in such manner and at such prices as it may determine, including the right to lease real estate for periods in excess of five years and for a term expiring after the termination of any trust, and including the right to deal in real estate ventures as a general or limited partner. In the event of a sale, exchange, partition, lease or option of any of the property of this Trust Estate, there shall be no liability on the part of the purchaser or purchasers to see to the application of the purchase money, but the same shall be held and disposed of by such purchaser or purchasers free and clear of any of the provisions of any trust created hereby; 2 C. Authorized Investments: To invest or reinvest the Trust Estate in any property, real or personal, of any kind or nature, including stocks, bonds, mortgages, other securities and common trust funds of the Corporate Trustee, if any, without being limited or restricted to investments as now or may hereafter be prescribed for trustees by law including the right to acquire, sell or retain stock in the Corporate Trustee. Trustee may invest, reinvest, buy, sell or trade options, Ruts, calls, or any other type of financial instrument, the nature of which need not be contemplated or in existence at the time this trust is created. D. Register Securities: To register securities in its name as Trustee or in the name of any nominee or to take and keep the same unregistered and retain them or any part thereof in such condition that they will pass by delivery without disclosing the fact that the property is held in a fiduciary capacity; E. Loans; Advances: To make any loans, or advances either secured or unsecured in such amounts, upon such terms, at such rates of interest and to such persons, firms, corporations or the executor or administrator of Settlor's Estate or the Estate of Settlor's spouse or otherwise to facilitate such estate administration without interest and without reimbursement for the purpose of the payment of taxes, debts and administration expenses; provided, however, that any benefits from a qualified employee benefit plan received by the Trustee shall not be used for the payment of such fazes, debts or expenses, if not includible in Settlor's gross estate for federal estate tax purposes nor funds otherwise eligible for the Marital Deduction; F. Retention in Cash: To retain for reasonable periods the principal or corpus, or any part thereof of this Trust Estate in the form of cash; G. Borrow Money: To borrow money for any purpose on any terms in connection with the administration of or investment in assets of this Trust Estate; execute promissory notes or other obligations for the amounts so borrowed and secure the payment of any amounts so borrowed by mortgage or pledge of any real or personal property which may at any time form a part of this Trust Estate; H. Vote Securities: To vote any securities upon any proposition or election at any meeting and to grant proxies, discretionary or otherwise; to join in or become a part of any reorganization, readjustment, merger, voting trust, consolidation or exchange and to deposit any such securities with any committee, depository, trustee or otherwise and to pay out of this Trust Estate any fees, expenses and assessments, incurred in connection therewith and to charge the same to principal or income as Trustee may see fit; to exercise conversion, subscription or other rights, or to sell or abandon such rights and to receive and hold any new securities issued as a result of such reorganization, readjustment, merger, voting trust, consolidation, exchange or exercise of subscription, conversion or other rights; and generally take all action in respect to any such securities as Trustee might or could do as absolute owner thereof; to vote any stock in the corporate trustee; I. Allocate Receipts, Expenses: In Trustee's discretion, to allocate to either principal or income or between them any and all fazes (especially capital gains fazes) or receipts or expenses which Trustee may be required to pay on behalf of this Trust Estate, but in no event shall the income of any marital deduction trust created herein be reduced by the exercise of this power. J. Distribute Cash or Kind, Non-Prorata: To divide or distribute, whenever it is required or permitted, this Trust Estate and to make such division or distribution in kind or in money or partly in kind and partly in money, and the judgment of the Trustee as to the value of the different items shall be conclusive and final upon the beneficiaries; to make non-prorata distributions of assets in kind; K. Consolidated Fund: To hold and administer the trusts created hereby in one or more consolidated funds in whole or in part in which the sepazate trusts or funds shall have an undivided interest; L. Compromise Claims: To compromise claims, on such terms and conditions as Trustee, in Trustee's sole and exclusive discretion, deems appropriate without obtaining court approval thereof. M. Engage Experts: To engage attorneys, investment counsel, accountants, agents and such other persons as it may deem advisable in the administration of this Trust Estate and to make such payment therefor as it may deem reasonable and to charge the expenses thereof to income or principal as it may determine and to delegate to such persons any discretion which it may deem proper. The Trustee shalt not be liable for any negligence, omission or wrongdoing of such counsel or agents, providing reasonable care was exercised in their selection; N. Principal to Minor: If the principal of any trust is payable to a person or persons under the age of twenty-one (21) years, the Trustee shall continue the term of said trust as to said person or persons under the age of twenty-one (21) years, until he, she or they attain twenty-one (21) years of age, meanwhile paying over to the person under the age of twenty-one (21) years, or for their use and benefit, the proportionate share of the net income of said trust; O. Prohibition Against Sale: No title in any Trust Estate, or in the income accruing therefrom, or in its accumulation shall vest in any beneficiary, and no beneficiary shall have the right or power to transfer, assign, anticipate, or encumber his or her interest in said Trust Estate, or in the income therefrom, prior to the actual distribution thereof by the Trustee to said beneficiary. Further neither the income nor the principal of any Trust Estate shall be liable in any manner, in the possession of the Trustee for the debts, contracts, or engagements of any beneficiary. P. Facility of Payment: Should the principal or income or both of this or any Trust be payable to any person as to whom the Trustee has actual knowledge of a court adjudication of incompetency, or incapacity, or who the Trustee determines, in the discretion of Trustee, is unable to act effectively on his or her own behalf in financial matters, then Trustee shall have the right to use such principal or income to pay to such beneficiary, or for the benefit of such beneficiary, but nothing herein shall be deemed to impair the duty of Trustee to pay income to Settlor's spouse under any trust herein qualifying for the marital deduction (if created herein), unless Settlor's spouse is declared legally incompetent. Q. Vesting: No trust created herein, or by exercise of a power of appointment hereunder, shall continue for more than twenty-one (21) years after the death of the last to die of Settlor and the beneficiaries in being at the date of Settlor's death. Any property still held in mist at the expiration of that period shall immediately vest in and be distributed to the person or persons then entitled to receive or have the benefit of the income therefrom in the proportions in which they are entitled thereto, or if their interests are indefinite, then in equal shares, per stirpes. R. Termination: If at any time during the term of this Trust, Trustee determines, in its sole discretion, that the corpus of the Trust has become too small to be practical, or uneconomical to continue, then Trustee may distribute the corpus of the Trust estate to the then income beneficiary or beneficiaries in accordance with the portions of income to which each beneficiary is entitled, or if such portions are not specifically set forth herein, then in such amounts as it deems appropriate. S. Adopted Children Included: The words "child, children or issue or descendants" as used in this Trust, shall include adopted children and adopted grandchildren, and children or grandchildren born or adopted after the date of this Trust, unless expressly stated to the contrary. T. Business Authority: If the Trust Estate includes any interest which the Settlor had in a business at the time of Settlor's death, whether the same is a sole proprietorship, apartnership or a corporation in which Settlor owned aII or a substantial portion of the stock, the Trustee is authorized to continue the business, without order of court, until such time as it deems it advisable to sell, liquidate or distribute the same in kind. Trustee shall have all rights and powers in connection with the business as the Settlor had when living, including by way of example and not limitation, the powers to operate or join in the operation thereof as a going concern, to form or re-form a general or limited partnership, to incorporate or re-incorporate and to liquidate or sell the same or any part thereof, all as it deems advisable for the best interests of the Trust Estate and of the beneficiaries thereof, without any liability for loss resulting from the operation of said business except where such loss is the result of gross negligence or fraud on the part of the Trustee. The Trustee shall be entitled to receive for its services in connection with said business, such additional compensation as may be commensurate therewith. U. Discretionary Power: In exercising discretionary powers granted to Trustee under this Trust, Trustee may give due regard to the assets and income of the beneficiary, other than assets and benefits under any trust created hereunder. V. Powers Through Final Distribution: All powers and authorities granted to Trustee hereunder shall be fully exercisable by Trustee through and including fuial distribution of assets hereunder, even though the Trust may have terminated earlier. W. Allocation of Assets: Trustee may allocate assets among the beneficiaries (including any trust hereunder) without regard to the income tax basis of any such assets. X. Protection of Marital Deduction: Notwithstanding anything to the contrary herein or in Schedule "B" hereof, no power, authority or discretion given to Trustee hereunder or in Schedule "B" hereof shall be construed in any manner which shall result in a disallowance of the marital deduction for any trust created for the benefit of my spouse, otherwise eligible for the marital deduction, if created hereunder, and any such power or authority which is construed to have such effect is void, hereby revoked, and to no effect, as if not set forth herein, in Trustee's discretion. Y. Employee Benefit Election: Trustee, in addition to all powers granted by law, is hereby authorized to make such election in connection with settlements under employee benefit plans in which Settlor has an interest as Trustee deems most advantageous under all the circumstances. Z. Education Defined: The word "education" as use in this Trust shall mean and include, but not be limited to primary, secondary, collegiate and/or post-graduate education in private or parochial school, college, trade school or graduate school. It is Settlor's intention in granting Trustee the power to expend funds for "education" that the word "education" be interpreted broadly by Trustee. AA. Occupancy of Residence: To permit any beneficiary or beneficiaries to occupy rent free any residence constituting a part of the assets of a trust for such beneficiary or beneficiaries and to pay the real estate taxes thereon, expenses of maintaining said residence in suitable repair and condition and hazard insurance premiums on the residence; provided, however, the Trustee shall not exercise this power in any way which would deprive Settlor's spouse of the beneficial enjoyment of Part "B" and such spouse shall have the right to limit, restrict or terminate the Trustee's exercise of this power if it interferes with such beneficial enjoyment. BB. Limitation on Trustee Power: No person at any time acting as a Trustee hereunder shall have any power or obligation to participate in any discretionary authority Settlor has given to Trustee to pay the income or principal to such pdrson or for his or her benefit or in relief of his or her legal obligations. Further, no Trustee who is a beneficiary of one of the trusts, or who is legally obligated to support a beneficiary, shall ever participate in (i) the exercise of, or decision not to exercise, any discretion to pay income or principal to, or to apply income or principal for the benefit of, any beneficiary (including discretion to allocate funds among a group of beneficiaries and discretion to accumulate income), (ii) the determination whether a beneficiary is disabled, (iii) the decision to end any trust, (iv) the exercise of discretion to allocate receipts or expenses between principal and income, (v} decisions to exercise tax options, (vi) a decision to make payments to aid in the settlement of my estate, (vii) the selection of a custodian for a minor's property, (viii) the selection of the property to be allocated to the marital deduction trust, (ix) the decision to combine or divide trusts, or (x) the amendment of the trust by a Trustee hereunder. CC. Consultation with Others: Trustee is directed to consult with SettIor's spouse in connection with any investment of the Trust. DD. Generation Skipping; In my Trustee's sole discretion to allocate such exemptions as are available as to the generation skipping transfer tax to any property, to exclude any property from that allocation and to make all related allocations thereto. No beneficiary shall have any claim against my Trustee for exercising or not exercising such allocation powers as granted herein. Further, Trustee is authorized to divide any trust created hereunder into two separate trusts so that the inclusion ratio for generation skipping transfer tax purposes shall be either zero or one for each such separate trust. Any such separate trust shall have the identical provisions as the original trust. If trusts are created, the Trustee may, at any time prior to a combination of such trusts: (1) make different tax elections (including the allocation of Settlor's available generation-skipping tax exemption from the federal generation-skipping transfer tax) with respect to each separate trust; (2) expend principal and exercise any other discretionary powers with respect to such separate trusts differently; (3) invest such separate trusts differently; and (4) take all other actions consistent with such trusts being separate entities. Further, the donee of any power of appointment with respect to any trust so divided may exercise such power differently with respect to the separate trusts created by the division. Settlor exonerates Trustee from any liability arising from any exercise or failure to exercise these powers, provided the actions (or inactions) of Trustee are taken in good faith. If Trustee exercises the special election provided by Section 2652{a)(3) of the Internal Revenue Code, as amended, as to this Trust, Settlor authorizes Trustee in its sole discretion at any time prior to the funding of the trust by an instrument filed with the trust records to divide the trust property into two fractional share trusts, one based upon Settlor's generation skipping transfer exemption allocated to the trust and the second being the balance of the trust property. If a trust hereunder would be partially exempt from generation-skipping tax by reason of an allocation of generation-skipping tax exemption to it, before the allocation the Trustee, in its discretion, may divide the trust into two separate trusts of equal or unequal value, to permit allocation of the exemption solely to one trust which will be entirely exempt from generation-skipping tax. In addition, if a trust hereunder is entirely exempt or entirely non-exempt from generation-skipping tax and adding property to the trust would partially subject it to generation-skipping tax, the Trustee, in its discretion, may hold that property as a separate trust in Iieu of making the addition. Except as otherwise provided in this instrument, the trusts created herein shall have the same terms and conditions, but the Trustee shall not make discretionary distributions from the income or principal of the exempt trust to beneficiaries who are non-skip persons so long as any readily marketable assets remain in trust other than the exempt trust. Upon division or distribution of an exempt trust and anon-exempt or partially exempt trust held hereunder, the Trustee, in its discretion, may allocate property from the exempt trust first to a share from which a generation-skipping transfer is more likely to occur. EE. Reserves: To maintain reasonable reserves for depreciation, depletion, amortization and obsolescence. FF. Trustee's Power to Amend: Trustee shall have the power in its sole discretion, by an instrument filed with the trust records to amend the dispositive or administrative provisions of this indenture (including the provisions relating to the trustee); provided that only descendants of the grantor (or their estates) or charitable organizations described in Sections 2055(a) and 2522(a) of the Internal Revenue Code, as amended, shall be beneficiaries and the grantor shall not be given any right or power with respect to the trust property. Further, Trustee shall not exercise this power in such a way that a trust otherwise eligible for the marital deduction, or otherwise eligible as a qualified domestic trust does not qualify as such. Article VIII Applicable Law -This Trust has been accepted in the State of Pennsylvania and shall in all respects be governed by the laws of that State. 6 Article IX Receipt of Policies Settlor, by joining in the execution of this instrument acknowledges (unless otherwise specified in writing) that Settlor has retained custody and possession of the insurance policies, if any, described on Schedule "A" attached hereto and trade a part hereof. Article X Trustee's Compensation The compensation payable to Trustee shall be the compensation due, in accordance with the fee schedule of Trustee, at the time Trustee renders services hereunder, but if Trustee has no such fee schedule, then such compensation shall be reasonable. Article XI Resignation of Trustee Trustee may resign by giving written notice thereof to the Settlor, if living, or if Settlor is not living then to Settlor's spouse, or if Settlor's spouse is not living, by notice to Settlor's children, even if those children be minors, specifying a date, not less than thirty (30) days from the date of the notice, on which Trustee shall be deemed to have resigned. Upon such date, Trustee shall be deemed to have resigned, and upon delivery of the assets of the Trust to the Successor Corporate Trustee appointed as described below, shall be free of any further duty to Settlor or the beneficiaries or the Successor Corporate Trustee hereunder, except for past acts or conduct of Trustee. A Successor Corporate Trustee, a corporation, bank or trust company, qualified under the laws of the Commonwealth of Pennsylvania or the United States of America to act as Trustee shall be appointed as follows: 1. By Settlor, if then alive. 2. If Settlor is not then alive, then Settlor's spouse shall select the Successor Corporate Trustee. 3. If neither Settlor nor Settlor's spouse are alive, then such selection shall be made by majority vote of the income beneficiary or beneficiaries of the trust, who are twenty-one (21} years of age or older. 4. If Settlor and Settlor's spouse are not living, and there are no income beneficiaries of the age of twenty-one (21) years or older, or if the appropriate person above fails so to select a Successor Corporate Trustee, within ten days after notice of resignation is given, then and in such events the Orphans' Court Division of the Court of Common Pleas of the County in which this Trust has its situs shall select a Successor Corporate Trustee having the qualifications listed above. Any Successor Corporate Trustee so selected shall serve on the same terms and conditions, and with the same powers and duties as if originally appointed. Article XII Removal of Trustee Settlor's spouse shall have the right, by written notice to Trustee, to remove the Trustee. If Settlor's spouse so removes the Trustee, then Settlor's spouse's oldest issue shall have the authority to name a successor trustee to serve on the same terms and conditions as set forth herein. Any such successor trustee shall be a corporation or national bank authorized to exercise trust powers in the Commonwealth of Pennsylvania. 7 IN WITNESS WHEREOF, the Settlor, BETTY G. ALLEN, and Trustee, PNC BANK, N.A., have signed this Trust the day and year first above written. Signed, sealed and delivered in the presence of: ATTEST: ~ yl G ~ - c:~ ~- (Corporate Sea • ~ ~.~.~i (SEAL) BETTY G. ALLEN PNC BANK, N.A. B _ ~~~~~ COMMONWEALTH OF PENNSYLVANIA: SS: COUNTY OF -~- On the ~~ day of C%~-~L-U 1996, before me, the subscriber. a Notary Public in and for said Commonwealth and County, came the above-named BETTY G. ALLEN, satisfactorily proven to me to be the person whose name is subscribed to the within instrument, and aclmowledged the above Agreement to be his act and deed, and desired the same might be recorded as such. WITNESS my hand and Notarial Seal. u '.~,.~ Commission Expires: NOTARIAL SEgL JUDY A. 1MES, Notary Public Harr;;burg, Qauphin County 1'-n~ r`i 'c: ~.~._ . _..~.! ~„`~~n Exc~ras coot. 8, 1997 COMMONWEALTH OF PENNSYLVANIA: SS: COUNTY OF DAUPHIN: On the ~6 ~ day of L~~13c=~ , 1946, the subscriber, a Notary Public in and for said Commonwealth and County, personally appeazed J~.~~ s ff 8~s% ,who aclrnowledged himself to be the ~~-!/olz ~/cE ~si~~arof PNC BANK, N.A., and that he as such off cer being authorized to do so, executed the foregoing instrument for the purpose therein contained by signing the name of the corporation by himself as such officer. IN WITNESS WHEREOF, I have hereunto set ~m~y ~han~ d~a }nd/of/~fJici/a~l~°~/s/~e/a//t/~_/ Notary Public My Commission Expires: _ _~_ J 9 SCHEDULE "A" LIST OF THE LIFE INSURANCE POLICIES ANDlOR PROPERTY DEPOSITED WITH PNC BANK, N.A. UNDER REVOCABLE TRUST AGREEMENT WITH BETTY G. ALLEN $1.00 Io DISPOSITIVE PART SCHEDULE "B" PLAN OF DISTRIBUTION OF TRUST ESTATE OF BETTY G. ALLEN UNDER AGREEMENT DATED , 1996 Trustee shall divide the Trust Estate (including but not limited to any and all property received by Trustee prior to Settlor's death, under Settlor's Last Will and Testament, proceeds of life insurance, and all other property forming a corpus hereof, before the payment of inheritance, estate or succession fazes, whether such taxes are paid from this trust or any other source), into two (2) parts, one "Family" or "Credit Shelter", Part "A" and the second "Marital", Part "B", in the following manner, and each to be held on the following terms and conditions: PART "A" A. Amount; Composition: Part "A," the "Family" or "Credit Shelter" part, shall be such amount, if any, as when added to other property passing outside of this Trust Agreement (which is included in Settlor's gross estate for federal estate tax purposes and does not qualify for the marital or charitable deduction) will produce a federal estate tax in Settlor's estate, prior to the use of such credits, equal to the total of the available unified credit and the credit for state death taxes (other than those imposed solely to obtain the credit under Section 2011 of the Internal Revenue Code). This amount shall be computed before payment of death taxes and may be satisfied with cash or with assets in kind at their market value at the date of distri~iution. Property ineligible for the marital deduction or excludable from Settlor's gross estate shall be allocated to this part, even if such allocation results in an overfunding. TERMS OF DISTRIBUTION Part "A" shall be held by Settlor's Trustee, on the terms and conditions as follows: 1. Trustee may, in Trustee's uncontrolled discretion, if a corporate Trustee, or, if an individual Trustee, shall pay or advance to Settlor's executor administration expenses and estate and inheritance razes (including the supplemental estate tax on certain qualified plan benefits, but not including any generation skipping transfer tax imposed on a direct skip), and other expense to facilitate the administration of Settlor's estate, with respect to property or interests subject to taxation by reason of Settlor's death, and whether passing under Settlor's will, or otherwise, without apportionment, and without reimbursement from the principal hereof. During Spouse's Lifetime 2. Trustee, in its discretion, may pay the income and such portion of the principal of this Trust as Trustee decides from dtrie to time for the support of Settlor's spouse and to maintain the standard of living to which Settlor's spouse has become accustomed. 3. If Settlor's spouse is living on the last day of a calendar year, Settlor's spouse shall have the right, at any time on that day, to withdraw the greater of Five Thousand Dollars ($5,000.00) or five per cent (5%) of the then aggregate value of principal of the Trust, by written notice to the Trustee, and the Trust shall terminate as to 11 such amount withdrawn. This right shall be exercisable annually, and is not cumulative. Upon and After Spouse's Death 4. Upon the death of Settlor's spouse, or if he does not survive Settior, this Trust shall terminate, and then the remaining principal and accumulated income of the Trust Estate shall be paid absolutely to the issue of Settlor's spouse, ALBERT L. ALLEN, JR. , ALBERT L. ALLEN, III, BRYAN L. ALLEN and SARA S. B. ALLEN, per stirpes. But if no issue of my Spouse survive to the date of distribution hereof, then and in such events all of the rest, residue and remainder of the Trust Estate shall be paid, absolutely, to the AMERICAN INSTITUTE FOR CANCER RESEARCH, of Washington, D.C. PART "B" B. Part "B," the "Marital Part" shall consist of the remainder of the Trust Estate. Part "B" shall be paid, distributed and/or held in further trust by Trustee on the following terms and conditions: Distribution of Income and Principal; Withdrawals 1. Settlor's spouse shall be entitled to all of the income from Part "B", payable in quarterly or more frequent installments as Settlor's spouse determines. 2. Settlor's spouse shall have the right to withdraw, from time to time, all or any portion of the principal for any reason, at any time, by written notice directed to Trustee. As to any amount so withdrawn, this trust shall terminate. 3. Trustee may use all or such part of the principal for the benefit of Settlor's spouse, to maintain the standard of living of Settlor's spouse or for the health, support and maintenance of Settlor's spouse, as Trustee determines, and, only in the discretion of any corporate Trustee, for the comfort of Settlor's spouse. Distribution Upon Spouse's Death 4. On the death of Settlor's spouse or if Settlor's spouse does not survive Settlor, this trust shall terminate-and Trustee shall pay the accumulated income if any to the estate of Settlor's spouse, and the principal to such persons, including the estate of Settlor's spouse, as Settlor's spouse directs, alone and in all events, by specific reference hereto in the Last Will and Testament of Settlor's spouse. To the extent Settlor's spouse does not exercise this general power of appointment, or does not survive Setflor the principal remaining shall become a part and shall be distributed as set forth in paragraph A4 of this Schedule B. C. Trustee shall pay any increase in federal estate or inheritance taxes or administration expenses in the estate of Settlor's spottse caused by the inclusion of this Marital Trust or Part "B" for tax purposes in the estate of Settlor's spouse, from principal of Part "B". Trustee may rely upon a written statement from the executor of Settlor's spouse as to the amount of such tax or expense. D. Settlor's spouse shall have the right to compel Trustee to invest in income-producing property, as to investments in Part "B". E. In the event Settlor's spouse and Settlor should die under circumstances which render the order of their deaths uncertain, for the purposes of this Trust it shall be conclusively presumed that Settlor survived Settlor's spouse. In such event, however, or in the event that Settlor's spouse shall die within six (6) months of the date of Settlor's death, (in lieu of the amount above specified), Part "B" shall consist of that amount (but no more) 12 of the principal held hereunder (without deduction for estate or inheritance taxes) which must be added to the value of all other property for which the marital deduction is allowed, in order to give Settlor's estate a marital deduction which would result in the lowest total of federal estate tax on Settlor's estate and Settlor's spouse's estate. Such amount shall be determined o~ the assumption that Settlor's spouse died after Settlor on the date of Settlor's death and that Settlor's spouse's estate was valued as of the date upon (and in the manner in) which Settlor's estate is valued for federal estate tax purposes. BETTY G. ALLEN 13 ~-~;~~ ~°~S 3 ~ AMENDMENT TO TRUST created by BETTY G ALLEN with PNC BANK, N.A. Dated October 1 G,1996 Dated: ~ ~ , 2004 PNC BANK, N.A. Re: Trust Agreetnertt dated October 16, 1996 between BETTY G. ALLEN as Settlor and PNC BANK, N.A. as Trustee, dated October 16, 1996 Gentlemen: Pursuant to the rights reserved to BETTY G. ALLEN under Article V(a) of this Trust, BETTY G. ALLEN wishes to and does hereby amend this Trust as set forth in this AMENDMEI`~T TO TRUST. In all respects, other than those specifically set forth below, the terms and conditions of the above Trust are ratified and confirmed, in their entirety. Schedule "B", "Plan of Distribution of Trust Estate of BETTY G. ALLEN Under Agreement dated October 16, 1996" is deleted, and the attached Schedule "B" is substituted therefor. Very truly~yohu,,rs, ~~~, BETTY G. ALLEN ACCEPTED this day of ~~u~l~ , 2004. PNC BANK, N.A. +-, By ,~ Trust Officer COMMONWEALTH OF PENNSYLVANIA: SS: COUNTY OF DAUPHIN: On theo,~~~ay of ~ rr 1 2004, before me, the subscriber, a Notary Public in and for said Commonwealth and County, came a above-named BETTY G. ALLEN, satisfactorily proven to me to be the person whose name is subscribed to the within instrument and aclmowledged the above instrument to be her/his act and deed, and desired the same might be recorded as such, , WITNESS my hand and Notarial Seal_____ / i ,~ ~ i 0 Notarial Seat ~„ " . , "~-v r'`.7~ K[mberiy A. Riedel, Notary Public Notary blic C'sty Of Harrisburg. Dauphin County J My Commission Expires Mar. 7.2006 hAVmber, Penns~~+~r,e ~\ssoc+2tion o` ^~rt•~rie~ My Commission Expires: C~\tnr PILH9\NP C1Lent A-H\ALLHN\H3T PLAN 04\amd tr batty2 95 tr.wpd Page 1 of 3 DISPOSITISIE PART SCHEDULE "B" PLAN OF DISTRIBUTION OF TRUST ESTATE OF BETTY G. ALLEN UNDER AGREEMENT DATED October 16, 1996 Trustee shall divide the Trust Estate (including but not limited to any and all property received by Trustee prior to Settlor's death, under Settlor's Last Will and Testament, proceeds of life insurance, and a31 other property forming a corpus hereof, before the payment of inheritance, estate or succession taxes, whether such taxes are paid from this trust or any other source), into two (2) equal parts, one "Part "A" and the second Part "B", in the following manner, and each to be held on the following terms and conditions: ~~' PART "A" A. Part "A" shall beheld by Settior's Trustee, on the terms and conditions as follows; 1. Trustee may, in Trustee's uncontrolled discretion, if a corporate Trustee, or, if an individual Trustee, shall pay or advance to Settlor`s executor administration expenses and estate and inheritance taxes (including the supplemental estate tax on certain qualified plan benefits, but not including any generation skipping transfer tax imposed on a direct skip), and other expense to facilitate the administration of Settlor's estate, with respect to property or interests subj ect to taxation by reason of Settlor's death, and whether passing under Settlor's will, or otherwise, without apportionment, and without reimbursement from the principal hereof. 2. Trustee shall distribute all of Settlor's tangible personal property, including but not limited to automobiles antiques, art objects and the like, to Settlor's beloved Husband, Albert L. Allen, Jr., absolutely and free of trust, and Trustee, in its discretion, shall pay the income and such portion of the principal of this Trust, as Trustee decides from time to time, for the support health and welfare of Settlor's spouse and to maintain the standard of living to which Settlor's spouse has become accustomed. 3, If Settlor's spouse is living an the last day of a calendar year, Settlor's spouse shall have the right, at any time on that day, to withdraw the greater of Five Thousand Dollars ($5,000.00) or five per cent (5%) of the then aggregate value of principal of the Trust, by written notice to the Trustee, and the Trust shall terminate as to such amount withdrawn. This right shall be exercisable annually, and is not cumulative. 4. Upon the death of Settlor's spouse, or if he does not survive Settlor, this Trust beheld and distributed in further trust on the terms and conditions set forth as foilo~vs; One-third for Settlor's Spouse's son, BRYAN L. ALLEN, or, if he is not living for his issue; One-third for Sett]or's Spouse's son, ALBERT L. ALLEN, III, or, if he is not living for his issue; One-third for Settlor's Spouse's daughter, SARA S. B. ALLEN, or; if she is not living for her issue. Each Trust shall be held and distributed as follows: (1} Trustee shall pay net income from each trust to the beneficiary thereof. (2) In every calendar year after the first calendar year in which the trust has been funded, the beneficiary shall have a right to withdraw, by written notice to Trustee, not more than fifteen per cent (15%) of the then principal balance of the trust, and the trust shall so terminate as to such portion so withdrawn. (3} Trustee can use all or such portion of the principal for the health, maintenance, support, education of the beneficiary of the trust, or the issue of such benef ciary, as Trustee determines, in the sole discretion of Trustee. {4) The trust shall terminate at the expiration of five (5) years from the date the Ci\MY PILES\WP Client A-M\ALLEN\£ST YLAN 04\amd KY,betty2 96 tz.b+pd Page 2 of 3 trust shall have been funded. On termination, all the then principal and any accumulated income shall be paid to the beneficiary, but if the beneficiary is not then living to the issue of such beneficiary, per stirpes, and if the beneficiary has died without issue surviving, then that share shall be divided among the other trusts created in this paragraph as if originally a part thereof, or, if no issue of Settlor's spouse so survive, then paid absolutely, 75%to the AMERICAN INSTITUTE FOR CANCER RESEARCH, of Washington, D.C. and 25% to the Helen ~. Krause Anima( Foundation, Inc. of Mechanicsburg, PA. PART "B" B. Part "B," shall consist of the remainder of the Trust Estate. Part "B" shall be paid, distributed and/or held in further trust by Trustee on the follo\ving terms and conditions: l . Settlor's spouse shall be entitled to all of the income from Part "B", payable in quarterly. or more frequent installments as Settlor's spouse determines. 2. Settlor`s spouse shall have the right to withdraw, from time to time, all or any portion of the principal for any reason, at any time, by written notice directed to Trustee. As to any amount so withdrawn, this trust shall terminate. 3. Trustee may use all or such part of the principal for the benefit of Settlor's spouse, to maintain the standard of living of Settlor's spouse or for the health, support and maintenance of Settlor's spouse, as Trustee determines. 4. On the death of Settlor`s spouse or if Setttor's spouse does not survive Settlor, this trust shall terminate and Trustee shall pay the accumulated income if any to the estate of Settlor's spouse, and the principal to such persons, including the estate of, or creditors of the esta#e of, Settlor's spouse, as Settlor's spouse directs, alone and in all events, by specific reference hereto in the Last Will and Testament of Settlor's spouse. To the extent Settlor's spouse does not exercise this general power of appointment, or does not survive Settlor the principal remaining shall become a part and shall be distributed, absolutely and free of further trust, as follows: One-third far Settlor's Spouse's son, BRYAN L. ALLEN, or, if he is not living for his issue; One-third for Settlar's Spouse's son, ALBERT L. ALLEN, ICI, or, if he is not living for his issue; One-third for Settlor's Spouse's daughter, SARA S. B. ALLEN, or, if she is not living for her issue, or, if no issue of Settlor's spouse so survive, then paid absolutely, 75% to the AMERICAN INSTITUTE FOR CANCER RESEARCH, of Washington, D.C. and 25% to the Helen O. Krause Animal Foundation, Inc. of Mechanicsburg, PA.. C. In the event Settlor's spouse and Settlor should die under circumstances which render the order of their deaths uncertain, for the purposes of this Trust it shall be conclusively presumed that Settlor survived Settlor's spouse. In such event, however, ar in the event that Settlor's spouse shall die \vithin six {6} months of the date of Settlor's death, (in lieu of the amount above specifred), Part "B" shall consist of that amount (but no more} of the principal held hereunder (withou# deduction far estate or inheritance taxes) which musk be added to the value of all other property for which the marital deduction is alto\ved, in order to give Settlor's estate a marital deduction which would result in the lowest total of federal estate tax on Settior's estate and Settlor`s spouse's estate. Such amount shall be determined on the assumption that Settlor's spouse died after Settlor on the date of Se#tlor's death and that Settlor's spouse's estate was valued as of the date upon (and in the manner in) which Settlor's estate is valued for federal estate tax purposes.. ~ ~~" BETTY G. ALLEN Co\MY FZLES\NP Client A-H\ALLEN\8St' PLAN 04\amd tr batty2 96 tr.wpd Page 3 of 3 - ESTATE TAX SECURITIES VALUATION PAGE NO. 1 ACCOUNT: 3100500 Name of Estate: BETTY G ALLEN DATE OF DEATH: Sund ay, March 23 2006 ZTEM CUSIP NO. SHARES/ DESCRIPTION PRZCE HIGH/ASK LOW/BID MEAN SECURITY ACCRUED COMMENTS PAR VALUE DATE PRZCE PRICE PRICE VALUE DZV/I4IT 1) 002068102 1,621 AT6T SNC 03/20 37.0000 35.2500 36-12500 NYSE COM 03/24 36.2600 36.9000 37.58000 36.85250 59,737.90 2) 018465EJ9 25,000 - ALLENTOWN PA PKG RUTH PKG REV 03/20 100.9730 100.9140 100.94350 NASDAQ DT 09/15/2004 2.7506 10/01/200903/24 100.9720 100.9120 100.94200 100.94275 25,235.69 Int. From: 10/01/2007 to 03/23/2006 330. 38 3) 060505104 600 BANK OF AMERICA CORPORATION 03/20 41.9900 36.5600 40.27500 NYSE COM 03/24 43.4600 41.4500 42.45500 41.36500 24,819.00 D2V $0.6400 EX 03/05/2008 REC 03/07/2 008 PAY 03/28/2008 384. 00 4) 110122108 900 BRISTOL-MYERS SQIIIBB CO 03/20 21.7200 21.1900 21.45500 NYSE COM 03(24 21.6000 21.2100 21.40500 21.43000 19,287.00 5) 257460109 400 DOMINION RES INC VA NEW 03/20 40.8500 39.8100 40.33000 NYSE COM 03/24 41.2000 40.3200 40.76000 40.54500 16,218.00 6) 264411505 500 DUKE REALTY CORD 03/20 22.9700 22.0900 22.53000 NYSE COM NEW 03/24 23.8500 22.9100 23.38000 22.95500 11,477.50 7) 302316102 600 EXXON MOBIL CORD 03/20 85.4100 82.7500 84.08000 NYSE COM 03/24 86.9500 85.0400 85.99500 85.03750 68,030.00 8) 302571104 400 FPL GROUP ZNC 03/20 61.2000 59.5900 60.39500 NYSE COM 03/24 62.8600 61.2300 62.04500 61.22000 24,488.00 9) 349631101 250 FORTUNE BRANDS INC 03/20 66.1260 64.7800 65.45300 NYSE COM 03/24 67.4300 65.9700 66.70000 66.07650 16,519.13 10) 369604103 300 GENERAL ELECTRIC CO 03/20 37.7420 35.5900 36.66600 NYSE C~1 03/24 37.6700 37.0400 37.35500 37.01050 11,103.15 DIV $0.3100 EX 02/21/2008 REC 02/25/2008 PAY 09/2 5/2006 93. 00 11) 427866108 1,300 HERSHEY CO 03/20 36.0600 36.6000 37.43000 NYSE COM 03/24 38.4500 37.7000 38.07500 37.75250 49,078.25 12) 478160104 400 JOHNSON S JOHNSON 03/20 65.5000 64.8800 65.19000 NYSE COM 03/24 65.5400 64.6400 65.09000 65.14000 26,056.00 13) 54B573BQ6 25,000 - LOWER SALFORD TWP PA RUTH SWR ' 03/20 101.4930 101.4290 101.46100 NASDAQ DT 08!01/2004 3.4008 11/15/201103/24 101.4270 101.3630 101.39500 101.42800 25,357.00 Int. From: 11/15/2007 to 03/23/2008 304. 58 14) 579780206 200 MCCORMiCK s CO INC 03/20 36.5400 35.7200 36.13000 NYSE COM NON VTG 03/24 36.6300 35.7600 36.19500 36.16250 7,232.50 15) 697334HQ6 30,000 ~ PALMYRA PA AREA SCH DIST 03/20 100.1810 100.18100 NASDAQ DT 02/15/2002 4.000'h OS/D1/ZOOB03/24 100.1760 100.17600 100.17850 30,053.55 Int. From: 11/01/2007 to 03/23/2008 476. 67 16) 722580EF0 25,000 ' PINE GROVE PA AREA SCH DIST 03/20 100.0500 100.0490 100.04950 NASDAQ DT 01/15/2003 4.0006 04/15/201403/24 100.0450 100.0440 100.04450 100.04700 25,011.75 Int. From: 10/15/2007 to 03/23/2008 441. 67 ESTATE TAX SECURITIES VALUATION PAGE NO. 2 ACCOUNT: 3100500 Name of Estate : BETTY G ALLEN DATE OF DEATH: Sun day, March 23 2008 ITEM CUSIP NO. SHARES/ DESCRIPTION PRICE HIGH/ASK LOW/BID MEAN SECURITY ACCRUED COMMENTS PAR VALUE DATE PRICE PRICE PRICE VALUE D1V/INT 17) 77957N308 17,957.8710 ROWE T PRICE SUMPffT MUN FDS IN 03/20 10.7200 10.72000 192,506 .38 MUT FUND MUN INCOME FD 18) 859317109 1,000 STERLING FINL CORP 03/20 18.1728 17.4500 17.61140 NASDAQ COM 03/24 18.4500 17.9600 18.20500 16.00820 18,006 .20 19) 913017109 400 UNITED TECHNOLOGIES CORD 03/20 69.6800 66.1400 68.91000 NYSE COM 03/24 70.7000 69.2000 69.95000 69.43000 27,772 .00 20) 936697CN9 25,000 ~ WARWICK TWP PA MUN AUTH GTD WT 03/20 100.0630 100.0630 100.07300 NASDAQ DT 02/15/200d 3.200'h 04/01/201303/24 100.0730 100.0530 100.06300 100.06800 25,017 .00 Int. From: 10/01/2007 to 03/23/2008 384. 44 21) 942750EK2 25,000' WATTSBURG AREA SCH DIST PA 03/20 103.4560 103.3620 103.40900 NASDAQ DT 12/15/2002 4.1256 04/01/201503/24 103.2680 103.1750 103.22150 103.31525 25,828. 81 Int. From: 10/01/2007 to 03/23/2008 495. 57 22) 953470GR6 25,000 WEST JEFFERSON HILLS PA SCH DI 03/20 100.6430 100.6290 100.63600 NASDAQ DT 03/15/2002 4.1009 08/01/201003/24 100.6270 100.6140 100.62050 100.62825 25,157. 06 Int. From: 02/01/2006 to 03/23/2008 150. 90 23) 983455BX3 25,000 WYOMING PA AREA SCH DIST 03/20 101.9600 101.96000 NASDAQ DT 11/01/2004 3.1508 07{01/201203124 101.9590 101.95900 101.95950 25,469. 68 Int. From: 01/01/2008 to 03/23/2008 181. 56 24) 993077106 67,587.0600 BLACKROCK LZQ FDS TEMP FD ADMIN SHS #H1 67,587. 06 0. 00 MANUAL PRINCIPAL CASH 25) 999077100 1,795.9900 BLACHI2OCK LIQ FDS TEMP FD ADMIN SHS #H1 1,795. 99 0. 00 MANUAL INCOME CASH - Grand Totals ---- ------------ - 648,668.80 --------- 3,242. -- 77 Total Principal plus Accrued interest and dividends 852,111. 57 This report was prepared using APPRAISE Ver. 7.4.1 software, an EVALUATION SERVICES, INC. product. Phone 201 784 8500. Visit cur web sites at WWW.APPRAISENJ.COM and WWW.COSTBASIS.INFO. ~~_ ~s ~5 ~ ~ Qt.S~•~ ~~' ~~*us~ ~ r~~~-may c,,~a ~~'' ii ,, ` S ~ . ~b ~,'S.xZS.S ~ 1st ~ tI So << s~~ ~,_ ~ ~; lSO,---~ .. _._ . . ~ k.~~. c~,~' _ . _ .. (ao} tom ~f ~ ~.~,n„Y,,.~ ~~~. ,~ _.__ _ ~~~ ~~~ ~~, ~~ ~ :, Coil r~-~c ~Q~~ ~-> v.~.~ ~~~_,~~~C-~.---_~~~~ ~~~ S ~~. s ~~; ~ a.y mot- k c~~ ~ coo as -! ~ ~,~ ~ t E~~ ~~'1K-•.'~ ~G'~ Gen~t''nvC~ ok. ~. ~ ~1~ f; ~, _ t _~ .,1 `1-~t~~,~ ~.2.VC.`~..: cs~'c,~.~.c,h:~C~a . °-"`,c5s~- -c'~.~ ~.(~~c3~c~ ~_ 31~.~1 ~ ti , ~ ~' V l 1 l~' ~ `~~ v*~O ~ `V.`~ .]i ~V 'V i- ~W..lc+t-'ti7~.y ~ i`~~dL{.~~~ f'^"_ ~~~E~ ~l.~L'vf_ ...C` i ~ ~ -~.. cam... tsar-u~.. t~~ £ -: cr~.~.._ ~:~ s~~,. ~E ~ ~ ~ ~ lil ` ,^ ~; . ~ ~3 ~~~ -- t „~ F ~~ f. :; ;, i~ it :, ~~ L.~``R- `z.~``°`ra~ `~S~ s'ue` ~ ~~ ~, j ~~ ii ~~, ~xso) ~ ~;- ~y J ~~ ii _~ ~:~; s~ ;, r _. so . iI ... _ it ti's .I! iii _ (i S~ t~ ~~ ~.o~~t ~a~. Feb . 11. 2 O O 93 ~ 8: 3 6 A M~vate Party Pricing Report -1Vlercury, Sable -Official Kelley 1;N ° .~4 9 6 6 pad:, .2~f 2 ICell~y Blue g~~~k THETRUSTEO RESOURCE ~ kllb.cQs BLUE BdOK~ PRIVATE PARTY VALUE Condition Excellent ~ Good (Selected) Fair Average Consumer Rating (187 Reviews) advertisement Value $8,770 $B, 1.90 $7,430 Read Reviews ~~~~~ 4.4 out of 5 Fievlew This Vehicle Vehicle Highlights Mileage: 10,000 En®Ine: V6 3.0 Liter 24V Tranamisaion; Automatic ', Drivetrdin: FWD Selected Equipment '~ Standard Air Conditioning Tilt Wheel Duat Front Alr Bags Power Steering Grulse Control Power Seat i Power Windows AM/FM Stereo Alloy Wheels j Power Doof LocKs Cassette Blue Book Rrivate Party Value Drivate Party Value is What a buyer can expect to pay when buying a used car from a private party. The Private Party Value assumes the vehicle is sold "As 1s" and carries Se Receih d T;~e,F~ebh17m2009~~~8r4 ~AMrNo~r6605RPp~,-rA~n~r~vPA,-Tr~`~nna~~vr;~Pa~P-~nnnn n~ii~i~nnQ Close Window Feb . 17. 2 0 0 91i 8 : 3 6 AM,urp Sable-V6 Sedan 4b 1.S Premium ~ o • 4 9 6 6 pa~Pv ~ oaf 2 ~- ,. _ .. ..,. .... ..•.::~ ,.. ,.y ,. :'~.., ~ "~ Vehicle Par`icin~ ~ lnfalr~rlalrior>! Autos Classic Cars Motorcycles Boats Recreation vehicles Manufactured Homes Buy a Price Gu New Car Used Car Find Yaur car ~ Reviews ~ Compare Cars ~ car Loans 8 Insurance ~ New Car Dealer Quote ; Take a 5h. Standard Features Specs 8 Performance Photos & 360 Views Expert Reviews Safety VehiclB History Report Get a Free VIN Check Press GO or Enter VIN j ~ ^ •G+^~;. Auto.Checlr Find Your Car Mercury ZIP 17109 o. W+~Hl1 A~ dcrt~r Get Financing Apply for a Loan NowJ/~~ __ ~~ rC~ GG/~LOG1(.CA/1'~. ~/ Lower Your Premium Free online Insurance Quote f3EIGC~ 'C Trusted Partners Find a Dealer Dherd< Your CrediE Donate Your Vehicle DMV Forms Base Price Mileage - 10,000 miles June 13, 2008 print Ihi ~,s oaoe ~ email a friend Clean Trade-In ,glean Retail Value $7, i 50 $8,925 $2,150 $2,150 TOTAL PRICE $9,300 1 075* ' Thls Recall price is based on a clean vehicle hlsfory report. Don't make a $11,075 mistake. Get a Free V1N Check today. NEXT STEPS Free Finance Quote Lower your Insurance Payment Get a Free Credit Report Finance & Insurance Cenlar Find this Vehicle Sell Your Cer Get DMV Forms to Transfer Title Payment Calculafor Note: Vehicfes wllh low mileage ihel are in exceptionally good condlllon and/or include a manutaclurer certification can be worth a significantly higher value than the Recall price shown. DyS~14.SllCe sla[emanl Received Time Feb. 17. 2009 8:47AM No. 6605 ..,-r.,•~,xxnxrwnanaamr?!ee enm/nSeriCat'S.a5t1}CY.1.1=1-21-1-5013-0-0-Oc~1=18zvV=21&p-1&~... 06/13/200$ doay ~~y-~ ~ make ~ T88r ~ 16 Trim > Mfleaae & O tp Ions > y~g Redd 2004 Mercury Sable-V6 Sedan 4D LS Premium PRICING