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HomeMy WebLinkAbout02-11601'L'1'1'1'lON 1~ Olt YK013A'1'L and GKAN'I' Ol' LL1"1'L1tS L•slule uf~ Wi 1 1 i am I-1 ,ai ~P1 uisu krru-vn us Dec•eu.~ed. .S'uriul S'erurily No. 2 0 6 -1 0- 8 6 3 7 "I~hc pclitiun of the undersigned respectfully represents that: Your pclitiuncl(s), whU<y~are 18 years of af:c or older an the excculorG in Ills lass will of the above dcccdcnl, dalcl.l _ named ~Q17S{-" 1 ~ , 19_92 and codicil(s) dated _Eebrl~arv 1~., 001-,_~~_F~~~a~~~ 2002 (stale relcvanl circnmslances, e.g, rcuuncialiun, death of executor, etc.) I)cccudenl was dunlicilcd at death in Cti~mha ~l~nd Counly, I'cnnsylvania, with h_ i s Iasi family or principal residence al 2821 Rathton Road, Came Hill (list slrcel, number and nnmcipality) Ucccndenl, then 88 __ years of age, died _DeeembPx- 8, 2002 ~~o~x al ._.-ManorCarev HPaI i-h Sar-v~ices~-Camp Hill,.-__PA_.-__- ----_ -.- _ _ ' lixcept as follows, decedent did nut marry, was nut diver ced and did nut have a child burn or adopted abler execution of the will offered fur probale; was nut the viclinl of a killing and was never adjudicated incunlpclcnt: _ no exceptions Ucccndcnt at death owned properly with estimated values as follows: (If dunlicilcd in 1'a.) All personal properly $ 637,000.00 (If nut dunlicilcd in 1'a.) Personal property in I'cnnsylvania $ (If nut domiciled in I'a.) Personal property in Counly $ Value of real estate in I cnnsylvania $ situated as follows: WIIGKGfOIZE, petitioner(s) respectfully reyucst(s) the probale of the Iasi will and codicil(s) prescnlcd herewith and the grant of tellers -i-aGi-arrant-a,.-~, (ller011. (lcsL•uncnlary; administration c.l.a.; administration d. b.n.c.l.a.) u ~~ ~~. ~ v ~--~ ~ ~ Allf rst 'L'ni_,t Company of PA, N.A. ~ ~ Robert 7, I( rk ~ T n " ~ ~'Iai l C'rxla 001-0 -0 ~o ~.0. Box 2961 Harrisburg, PA 17105-2961 Nu. _ a~~~~I~~ "I'o: IZegisler of Wills for the Counly of C'r~mharl and in the Conunonwealth of Pennsylvania Eliz th R. Geisel ~ 2821 Rathton Road C'~mn Hilly PA 17011 OATH OF YLItSONAL 1tLl'1tLSLNTATIVL (;UMMUNI'V1JAL'1'll Ulu I'I;NNSYLVANIA 1 CU U N'1' Y UI' r•r tlvrn~zr Ater, ~ ss "I'hc petitioner(s) above-named swear( or affirm( that the statements in the foregoing petition are true and correct to the best of the knowledge and belief of petitioner(s) and that as personal represen- • talive(s) of the above decedent petitioner(s) will well and truly administer the estate according to law. Sworn to ur affirmed and subscribed bcl'urc nlc This 201a~'-°_ day of Donna M. O o, s put rei ~~~~~ ~~ '~- a No. 21-2002-1160 l~.state of wIr~LIAM H, cEISEL , lleceased llLC1tLL OF 1'1ZO13A1'1J ANll G1tAN1' OF LL1'rI'L1ZS ANU NUW December 23rd 2002 }~rxxxx , in cw~sideration of the petition on the reverse side hercuf, satisfactory pruuf having been presented before me, and I'I' IS UGCREL'U that the instruulcnt(s) dated August 12, 1997, February 19, 2001 , February 27, 2002 described therein be admiUed to probate and filed of rccurd as the last will of ~~i lliam ' and Lcttcrs Testamentary _ _ arc hereby granted to - Al 1 firs Trr~st C~mt~any of Pennsylvania, N.A. ; and _ Elizabeth R. Geisel, Co-Executors [~EGS 1'rubatc, Lcttcrs, Ltc. ......... $ 410.00 Shin t Ccrtif icates 2 $ 81.00 ~~..~~ ( 37.......... 21.00 ................ I~c~i~ali~n(2) $ -xpPages (14) $ 42.00 JCP 'fU'I'AL $ 81.00 Filed .December ,23rd,, .2002 ~- !' rs %~ k~g15<« ~r wlu5 Donna M. Otto,1st Deput Jabs D . Cameron, Esq . , .G t . ~~~ Attorney I.D. No. 58998 nl"IUItNGY (Su ~. Lt. I.U. No.) 1325 North Front Street Harrisburg, PA 17102 ~uulicss (717) 236-3755 PHUNL MAILED LE'I`I`ERS TO BANK UN DEC~3~IBER23rd, 2002 WILL OF WILLIAM H. GEISEL I, WILLIAM H. GEISEL, of Camp Hill, Cumberland County, Pennsylvania, adopt this as my Will, hereby revoking any Wills or Codicils which I have previously made. ITEM 1. Debts and Funeral Expenses. I order and direct that all my just debts and funeral expenses be paid out of my Estate by my Executors as soon as conveniently may be done after my decease. ITEM 2. My Family. My wife's name is Elizabeth R. Geisel, and she is hereinafter referred to as my "wife." I have one son, William Reist Geisel, hereinafter referred to as my "son." ITEM 3. Tangible Personal Property. Any tangible personal property I own at the time of my death I give to my wife if she survives me. If my wife does not survive me, I give my tangible personal property to my son. ITEM 4. Creation of Trusts. A. Bypass Trust. I bequeath to my Trustee, hereinafter named, in trust, cash, securities or other property in the amount specified below, to be known as the "Bypass Trust." (1) The bequest shall be $600,000, subject however, to Paragraphs (2) and (3) below. (2) The bequest shall increase or decrease, based upon the availability of my federal unified credit for estate and gift taxes and the maximum allowable federal estate tax credit for state death taxes (but only to the extent that the use of such state death tax credit does not increase the death tax payable to any state), whether due to statutory changes, lifetime gifts in excess of the federal unified estate and gift tax exemption-equivalent amounts, or any other transfer which affects the availability of my federal credits. (3) The bequest shall decrease, even to zero, if necessary to reduce federal estate tax payable as a result of my death to zero (excluding, however, any federal estate tax due as a result of an excess retirement accumulation under Section 4980A of the Internal Revenue Code of 1986, as amended, or such similar section as may then be in effect), considering that my intention is to fund the Bypass Trust by using my available federal unified credit for estate and gift taxes and my federal estate tax credit for state death taxes and to eliminate federal estate tax on the balance of my federal taxable estate by using the federal estate tax unlimited marital deduction. B. QTIP Trust. If my wife survives me, I give the rest, residue and remainder of my estate, to my Trustee, hereinafter named, in trust, to be known as the QTIP Trust. Should my Trustee disclaim all or part of the property comprising the QTIP Trust, or should my wife not survive me, I give such rest, residue and remainder to my Trustee, in trust, to be held, administered and distributed for all purposes as part of the Bypass Trust. -2- ITEM 5. Administration of Trusts. A. Bypass Trust. The Bypass Trust shall be held, administered and distributed as follows: (1) Prior to the death of my wife, my Trustee shall pay to or apply for the benefit of my wife all of the net income from the Bypass Trust in convenient installments, in such shares and proportions as my Trustee in its sole discretion shall determine, primarily for the medical care, education, support and maintenance in reasonable comfort of my wife, taking into consideration any other income or resources of my wife and son known to my Trustee. (2) Prior to the death of my wife, my Trustee may pay to or apply for the benefit of my wife or my son such sums from the principal of the Bypass Trust in such shares and proportions as in its sole discretion shall be necessary or advisable from time to time for the medical care, education, support and maintenance in reasonable comfort of my wife or my son, taking into consideration any other income or resources of my wife or son known to my Trustee, considering that my wife is the primary object of my bounty. (3) Upon the death of my wife (or immediately, if my wife has predeceased me), all income from the Bypass Trust shall be paid to my son no less often than quarterly until he reaches the age of 50 years. Immediately upon my son's -3- 50th birthday, one half of the principal of the bypass trust shall be distributed to him. After my son's 50th birthday, the income on the remaining balance of the Bypass trust will continue to be distributed to him no less often than quarterly until he reaches the age of 60 years. Immediately upon my son's 60th birthday, the remaining balance of the Bypass Trust shall be distributed to him and the trust shall terminate. If my son has reached the age of 50 years at the time of my wife's death, one half of the principal of the Bypass Trust shall be distributed to him immediately and the balance shall be held and distributed to him through age 60 in accordance with the foregoing paragraph. If my son has reached the age of 60 at the time of my wife's death, all principal and any accrued interest of the Bypass Trust shall be distributed to him immediately and the trust shall terminate. (4) If, at the time any distribution to my son becomes payable under this Item 5, he has died leaving issue to survive him, the distribution shall be made to such issue, per stirpes. If any distribution provided for under this paragraph should be payable to a minor, I direct that my Trustee continue to hold such sum in trust, and to use principal and income from time to time for the minor's support and education, including a college education, both -4- graduate and undergraduate. The property thus held for any minor shall be turned over to that minor upon that minor's attainment of the age of 23. (5) If my residence at 2821 Rathton Road, Camp Hill, Pennsylvania should become an asset of the Bypass Trust, it is my desire that my son be permitted to reside there if he so desires. My Trustee may, at its discretion, permit my son to live in my residence while holding it as an asset of this trust, or convey it to him outright without regard to the age requirements of subsection 3 above. (6) If at the time of my death, or at any later time prior to final distribution hereunder, my wife, my son all my issue are deceased and no other disposition of the property is directed by this Trust, then and in that event only, the then-remaining property of this Trust, together with any undistributed income, shall be given in equal shares to my nephews: Ritchie Geisel, of Princeton, New Jersey; John Geisel, of Princeton, New Jersey; James Geisel, of Camp Hill, Pennsylvania; Richard Brinser Geisel, of Camp Hill, Pennsylvania; and Meade Geisel, of Villanova, Pennsylvania. If any of those nephews should not then be living, the remaining balance of the trust shall be divided equally among those who survive. B. 4TIP Trust. The QTIP Trust shall be held, administered and distributed as follows: -5- (1) My Trustee shall pay to or apply for the benefit of my wife during her lifetime all the net income from the QTIP Trust in convenient installments but no less frequently than quarterly. (2) In addition, my Trustee may pay to or apply for the benefit of my wife such sums from the principal of the QTIP Trust as in its sole discretion shall be necessary or advisable from time to time for the medical care, comfortable maintenance and welfare of my wife, taking into consideration to the extent my Trustee deems advisable any other income or resources of my wife known to my Trustee. (3) The income interest in the QTIP Trust is intended to qualify as a qualified income interest, and the property held in the QTIP Trust is intended to constitute qualified terminable interest property under Section 2056(b)(7) and (8) of the Internal Revenue Code of 1986, as amended, or such like section as is enacted from time to time. Nevertheless, my Executor or my Trustee, as the case may be, shall have absolute discretion to elect to treat all or part of the QTIP Trust as qualified terminable interest property for federal estate tax purposes or for federal generation- skipping tax purposes, and may make differing elections, in whole or in part, with respect to such taxes. (4) Upon the death of my wife, my Trustee may pay to the executor of my wife's estate an amount necessary to pay -6- funeral and other expenses of administration (if my Trustee determines such expenses necessary and proper) and to pay death taxes attributable to the QTIP Trust. (5) Upon the death of my wife, the entire remaining principal of the QTIP Trust, or the part of such trust remaining after the payment of my wife's funeral and other expenses of administration and applicable death taxes, shall be held and distributed in the same manner provided for in connection with the Bypass Trust under Item 5.A this Will. ITEM 6. Fiduciaries. I appoint Dauphin Deposit Bank and Trust Company, of Harrisburg, Pennsylvania, or its successor institution, as the executor of this will and as Trustee of any trust created hereunder. My Executor and my Trustee shall not be required to post any security for serving as such and shall be entitled to reasonable compensation for their services in administering and distributing my estate and any trust herein provided for. ITEM 7. Taxes. All estate, inheritance, legacy, succession or transfer taxes (including any interest and penalties thereon) imposed by any domestic or foreign laws now or hereafter in force with respect to all property taxable under such laws by reason of my death, whether or not such property passes under this will, and whether such taxes be payable by my estate or by the recipient of any such property, shall be paid by my Executor, at such time or times as may be deemed advisable, out of my general -7- estate as part of the expense of the administration thereof with no right of reimbursement from any recipient of any such property. ITEM 8. Powers of Fiduciaries. A. I give to any Executor and to any Trustee named in this Will or any Codicil hereto or to any successor or substitute Executor or Trustee all of the powers enumerated in this Will and all of the powers applicable by law to fiduciaries in the Commonwealth of Pennsylvania and in particular through the Pennsylvania Probate, Estates and Fiduciaries Code, as effective and as in effect on the date hereof, during the administration and until the completion of the distribution of my estate, and until the termination of all trusts created in this Will or any Codicil hereto and until the completion of the distribution of the assets of such trusts. I direct that all such powers shall be construed in the broadest possible manner and shall be exercisable without court authorization. B. In determining the federal estate and income tax liabilities of my estate, my Executor shall have discretion to select the valuation date and to determine whether any or all of the allowable administration expenses in my estate shall be used as federal estate tax deductions or as federal income tax deductions and shall have the discretion to file a joint income tax return with my wife. C. If at any time any trust created hereunder (or any -8- share thereof if the trust shall have been divided into shares) shall be of such value that, in the opinion of my Trustee, the administration expense of holding the assets contained therein in trust is not justified, my Trustee, in its absolute discretion, may terminate such trust and distribute the trust property to the person or persons then entitled to receive or have the benefit of the income therefrom or the legal representative of such person. If there is more than one income beneficiary, my Trustee shall make such distribution to such income beneficiaries in the proportion in which they are beneficiaries or if no proportion is designated in equal shares to such beneficiaries. D. My Executor and my Trustee are authorized and empowered to disclaim any interest, in whole or in part, of which I, my Executor, or my Trustee, may be the beneficiary, devisee, or legatee, by executing an appropriate instrument (in accordance with section 2518 of the Internal Revenue Code of 1986, as amended, or such similar section as may then be in effect). E. My Executor and Trustee are authorized and empowered to sell at public or private sale, or exchange, and to encumber or lease, for any period of time, any real or personal property and to give options to buy or lease any such property. Additionally, my Executor and Trustee are authorized and empowered to compromise claims, to borrow from anyone (including a fiduciary hereunder) and to pledge property as security therefor, to make loans to and to buy property from anyone (including a fiduciary -9- or beneficiary hereunder); provided that any such loans shall be adequately secured and at a fair interest rate. F. My Executor and Trustee are authorized and empowered to allocate property, charges on property, receipts and income among and between principal or income, or partly to each, without regard to any law defining principal and income. ITEM 9. Spendthrift Provision. No interest of any beneficiary under this Will or any Codicil hereto shall be subject to anticipation or to voluntary or involuntary alienation. ITEM 10. Simultaneous Death. If my wife shall die under such circumstances as would render it doubtful which of us died first, I direct that my wife shall be conclusively presumed to have survived me. If any other beneficiary named in this will and I should die under such circumstances, then it shall be -10- conclusively presumed for the purposes of this Will that said beneficiary predeceased me. IN WITNESS WHEREOF, I have executed this 11 page will on the ~a ~''' day of ~d~t,lS ~- 1997 . ~~~'' l ~ (SEAL) S~ILLIAM H. GEIS In our presence t eleven-page document on the to be his will; and now, at the presence of each other, ~ J Witness he above-named Testator signed this date indicated above and declared it his request, in his presence, and in we sign as witnesses. Residing at: b ~. ~t9~"fit ~~ Witness ` -11- ~elt/tsgv-o,~. ~/~ ~"l~~d ~.. Residing at • ~-~ B ~Q~u~,a-t ~<~~- SELF-PROVING AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA ~ SS. COUNTY OF ~`~..::~rti~~-~~~; rL We WILLIAM H. GEISEL and r~, / / and G"~v.Sc,'~ ~~ / r % ~;/%, ~,-=1'1c ~ ~ the Testator and the witnesses, respectively, whose names are signed to the foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testator signed and executed the instrument as his Last Will and that he had signed willingly (or willingly directed another to sign for him), and that he executed it as his free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testator, signed the Will as witness and to the best of his or her knowledge the Testator was at that time 18 years of age or older, of sound mind, and under no constraint or undue influences Subscribed, sworn to, and acknowledged before me by William H. GEIS~ , the Testator, and subscribed and sworn to before me by ~ ~ ' ~ ~~ witnesses, this ~c~ ~ day of NOTARIAL SEAL PAMELAS. W~LFE, Notary PubUc Cif t~6 Harrisburg, Dauphin County Aliy Ct~r°~.rr~isaion Expires Dec. 6, 1999 fitness CODICIL TO THE WILL OF WILLIAM H. GEISEL I, WILLIAM H. GEISEL, of the Borough of Camp Hill, Cumberland County, Pennsylvania, declare this to be a Codicil to my Will dated August 12, 1997. FIRST: I hereby revoke Item 6. Fiduciaries of my Will, and, instead, substitute the following: Item 6. Fiduciaries. A. I appoint my wife, Elizabeth R. Geisel, and Allfirst Bank, or its successor institution, as Co- Executors of this my Last Will and Testament, to serve without bond. If my wife, Elizabeth R. Geisel, is unwilling or unable to serve, then I appoint my son, William R. Geisel, and Allfirst Bank, or its successor institution, as Co-Executors. Any and all Co-Executors shall serve without bond. B. I appoint Allfirst Bank, or its successor institution, as Trustee of all trusts created under this my Last Will and Testament. C. (1) Any corporate trustee, original or successor, may resign at any time upon giving thirty (30) days' written notice to the persons then-authorized to receive income distributions hereunder, provided that any such person has attained the age of eighteen (18) years of age. That person, or a majority of the persons entitled to such a notice of resignation, or, if the majority are enable to agree, then the Court of Common Pleas of Dauphin County, Pennsylvania, shall appoint a successor corporate trustee. The same person or persons shall have the right at any time to remove any corporate trustee, original or successor, provided the person or persons shall immediately appoint a successor corporate trustee. (2) Each successor trustee shall be a corporation or a national banking institution qualified to carry on a trust business in the state in which it has its principal place of business, and shall have continuously carried on such trust business (itself or by a predecessor corporation) for at least twenty (20) years immediately prior to such appointment. r (3) Each successor corporate trustee hereunder shall have, exercise, and enjoy all the rights, privileges, and powers, discretionary, ministerial, and otherwise, as are hereby given and granted unto the original corporate Trustee and shall have all of the same duties and obligations assumed by and imposed upon the original corporate Trustee hereunder. Title to all of the assets of any trust estate shall vest forthwith in any successor co- trustee, but any resigning or removed trustee shall execute and deliver all such instruments and do all such acts as are necessary or desirable to vest title in any successor co-trustee. No successor trustee shall be liable or responsible for any act or omission on the part of any previous trustee hereunder. No successor trustee shall have any duty to audit or investigate the accounts or administration of any previous trustee, nor, unless requested in writing to do so by a person having a present or future beneficial interest hereunder, any duty to take action to obtain redress for breach of trust. SECOND: In all other respects, I do hereby ratify and confirm my Will dated August 12, 1997. IN WITNESS WHEREOF, I have si ned my name this 19th day of February, 2001. -~~ WI LIAM H. GEISEL F .... Signed by WILLIAM H. GEISEL, the Testator, as a Codicil to his Will dated August 12, 1997, in the presence of us, who at his request, in his presence, and the presence of each other, have signed our names as witnesses. W t ss (Address) (Address) ~.. Witness (Address) (Address) . ~. ACKNOWLEDGEMENT AND AFFIDAVIT Commonwealth of Pennsylvania . ss. County of Dauphin Wei WILLIAM H. GEISEL, JAMES D. CAMERON, and i~ the Testator in and the witnesses to the Codici the attached or foregoing instrument, having been qualified according to law do depose and say: (a) that I, the Testator do hereby acknowledge that I signed the instrument as a Codicil to my Will, that I signed it willingly and as my free and voluntary act for the purposes therein expressed, and (b) that we, the witnesses, were present and saw the Testator sign and execute the instrument as his Codicil, that he signed it willingly and executed it as his free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the Testator signed the Codicil as a witness and that to the best of our knowledge the Testator at that time was eighteen or more years of age, of sound mind, and under no constraint or undue influence. /~ ,_ ,. ~ L .~/ Testator } Wi ss ! k C~,~r~_, c ~.~ ~~ _ ~~ (1 Q_.1ti.~~ Witness Sworn and subscribed before me, a notary public in and the above County apd State, this 19th dax of February, J ~~ ~Q. ~.~' ~ C~~l , for 2001. Notary Public My commission expires: Notarial Seal Shana R. Geyer, Notary Public Harrisburg, Dauphin County My Commission Expires July 20, 2002 Mgmbgr, Pennsylvar-ia Association of Notaries ALL-STATE LEGA4 A DNISION OF ALL-STATES INTERNATION: FORM NO.: 07152-BF • 07158-BL • 07155-GY • 07156W~ r~ /L 1 ~, SECOND CODICIL TO THE WILL OF WILLIAM H. GEISEL I, WILLIAM H. GEISEL, of the Borough of Camp Hill, Cumberland County, Pennsylvania, declare this to be a second Codicil to my Last Will and Testament dated August 12, 1997. FIRST: I hereby revoke ITEM S.A.(3) of my Will, and, instead, substitute the following: (3) Upon the death of my wife (or immediately, if my wife has predeceased me), all principal and any undistributed income of the Bypass Trust shall be paid to my son. SECOND: In all other respects, I do hereby ratify and confirm my Will dated August 12, 1997, and Codicil thereto, dated February 19, 2001. IN WITNESS WHEREOF, I have signed my name this 27th day of February, 2002. /~~ , ~~~ WILLIAM H. GEISEL Signed by WILLIAM H. his Will dated August 12, GEISEL, the Testator, as a Codicil to 1997, and Codicil thereto dated , February 19, 2001, in the presence of us, who at his request, in his presence, and the presence of each other, have signed our names as witnesses. W t ess Witness ~3~s ~o,~ ~~,~ ~. ~-ga ~, asp ~~-. (Address) (Address) (Address) (Address) ACKNOWLEDGEMENT AND AFFIDAVIT Commonwealth of Pennsylvania . ss. County of Dauphin We LI~IAM H. GEISEL, JAMES D. CAMERON, and e~ the Testator in and the witnesses to the Codi il, the attached or foregoing instrument, having been qualified according to law do depose and say: (a) that I, the Testator, do hereby acknowledge that I signed the instrument as a Codicil to my Will; that I signed it willingly and as my free and voluntary act for the purposes therein expressed; and (b) that we, the witnesses, were present and saw the Testator sign and execute the instrument as his Codicil; that he signed it willingly and executed it as his free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the Testator signed the Codicil as a witness and that to the best of our knowledge the Testator at that time was eighteen or more years of age, of sound mind, and under no constraint or undue influence. Testator Wi n ss _ ctn ~, ~ ~ ~1~~..~ Witness Sworn and subscribed before me this 27 da of February, 2002. o ary Public My commission expires: Notarial Seal Shana R. Geyer, Notary Public Harrisburg, Dauphin County My Commission Expires July 20, 2002 Member, Pennsylvania Association of Notaries ALL-STATE LEGAL, A DIVISION OF ALL STATES INTERNATIOi FORM NO.: 07152-BF • 07153-BL • 07155-GY • 07156-` J I V V CERTIFICATION OF NOTICE UNDER RULE 5.6 (a) Name of Decedent: William H. Geisel Date of Death: December 8, 2002 Will No. Admin. No. 2002-01160 To the Register: certify that the notice of (bene Court, Orphans' Court Rules was served ficial interest) estate administration required by Rule 5.6 (a) of the Supreme i January 13, 2003: on or ma led to the following beneficiaries of the above-captioned Estate on Name Address Elizabeth R. Geisel William R Geisel 2821 Rathton Road, Camp Hill, PA 1701 1 . Allfirst Trust Company of Pennsylvania, Simon Cameron School Bldg. Apts., 1839 Green St., Harrisburg, PA 17102 213 Market Street Harrisbur PA 17101 N.A., Trustee under Will of William H. . g, _2127 Geisel Notice has now been given to all persons entitled thereto u r Rule 5.6 (a) except, N/A. Date: 1/13/03 Signature y- ~ ~ ~~ Title i u l~ e- 7; o obert L. Keck ~ Vice President & Trust Officer Name: Allfirst Trust Company of Pennsylvania, N.A., Co-Executor Address: P.O. Box 2961, Harrisburg, PA 17105-2961 Telephone: (717) 255-2148 Capacity: X Personal Representative Counsel for Personal Representative Copy: James D. Cameron, Esquire Elizabeth R. Geisel, Co-Executrix COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 RECEIVED FROM: REV-1162 EX111-96) PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT N0. CD 002262 ALLFIRST TRUST CO OF PA NA P O BOX 2961 HARRISBURG, PA 17105-2961 fold ESTATE INFORMATION: SSN: 206-~0-8637 FILE NUMBER: 2102-1 160 DECEDENT NAME: GEISEL WILLIAM H DATE OF PAYMENT: 03/07/2003 POSTMARK DATE: 00/00/0000 couNTY: CUMBERLAND DATE OF DEATH: 1 2/08/2002 ACN ASSESSMENT AMOUNT CONTROL NUMBER 101 ~ S 15,000.00 TOTAL AMOUNT PAID: REMARKS: ALLFIRST TRUST CO OF PA NA CHECK# 20393990 SEAL INITIALS: AC RECEIVED BY: DONNA M. OTTO REGISTER OF WILLS S 15,000.00 DEPUTY REGISTER OF WILLS t -~--- .. r° ~_ ~~~ .. y, ;~,j `C`j r+~ ~` C > ~~ 4.~ ;V ~P ~+`~ ~ ~. e } ,. ~;,8 } ``:~ ~~~ ~ ~`~ ~~. ^~ ~^ ~~ hf~~ ~~ ~~ ~~ L ~ ^ ~~ ~ , ~ .~. z a: ,~. W N O w O ~ W - a V ~ ~ g ~ a~ r~ .~\ < -~ ~ ~ a W w z O Q~~ o~~ Q ~ o~~~ a o .: .YU :+; JAMES DURYEA CAMERON ATTORNEY-AT-LAW 1325 NORTH FRONT STREET HARRISBURG, PENNSYLVANIA 17102 LICENSED IN BOTH PENNSYLVANIA AND MARYLAND Office of the Register of Wills CUMBERLAND COUNTY COURTHOUSE 1 Courthouse Square Carlisle, PA 17013 Re: Et~tBte of W~11j.~A1 ~f. Gei.Bl~1, dipoCQSSed No. 22-02- ~( (~Q To Whom It May Concern: TELEPHONE: (T17) 236-3755 FACSIMILE: (717) 236-3655 August 20, 2003 You will find enclosed photocopies of the Will of William H. Geisel, Codicil to the Will of William H. Geisel, and Second Codicil to the Will of William H. Geisel. Also enclosed is my check, in the amount of $2.00, which we understand to be the fee for certification of the enclosed documents. Kindly certify the enclosed and return them to us in the envelope provided. Please contact us if you have any questions. Thank you. Sincere , ,! J D. Cameron JDC/sg Enclosures cc: Elizabeth R. Geisel, Co-Executor Robert Keck, M&T Trust Co., Co-Executor ~_~; r.: f _ ___ __. _ _ __ _ ©M~T Investment Group Robert L. Keck Vice President ____, 213 Market Street Harrisburg, PA 17101 717 255 2148 800 446 7807 Fnx 717 231 2636 rkeck~mandtbank.com September 8, 2003 Register of Wills Cumberland County Courthouse Carlisle, PA 17013 ~-' Re: Estate of William H. Geisel Our Account Number 79965 Form 706, United States Estate Tax Return IH File 21-02-1160 Dear Register: The Co-Executors of the Estate of William H. Geisel have filed a United States Estate Tax Return. You will find enclosed a copy of the Form 706 for delivery to the Department of Revenue. Sincerely yours, ~~ Robert L. Keck Vice President and Trust Officer RLK/lt Enclosure C: James Duryea Cameron, Esq. ~~ 1'7 - Ii 0 -g . REV-1500 EX + (6-00) CAPB HpRL EplO CRAC KOTK ES REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT FILE NUMBER OFFICIAL USE ONLY G-v- D E C E D E N T COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) Geisel William H. DATE OF DEATH (MM-DD-YEAR) COUNTY CODE YEAR SOCIAL SECURITY NUMBER 206-10-8637 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE DATE OF BIRTH (MM-DD-YEAR) 12/08/2002 05/14 1914 IF APPLICABLE SURVIVING SPOUSE'S NAME LAST, FIRST,AND MIDDLE INITIAL Geisel, Elizabeth R. X 1. Original Return 4. Limited Estate X 6. Decedent Died Testate 21-02-1160 NUMBER REGISTER OF WILLS SOCIAL SECURITY NUMBER 2. X 4.. 7. Supplemental Return Future Interest Compromfse(date of death after 12-12-82) 3 3 date of death . Remainder Return prior to 12- 13-82) 5. Federal Estate Tax Return Required 8. Total Number of Safe Deposit Boxes 11. Election to tax under Sec. 9113(A) (Attach Sch 0) C P o 0 R N R D E E S N T C o M P T U A T X A T I o N Decedent Maintained a Living Trust OFFICIAL USE ONLY (8) 676,507.64 (11) 53.566.15 (12) 622,941.49 (13) (14) 622,941.49 (15) (16) (17) (18) (19) 0.00 15,210.75 0.00 0.00 15,210.75 (Attach copy of Will) D 9. litigation Proceeds Received (Attach copy of Trust) Spousal Poverty Credit 010. [K] NAME Robert L. Keck. V.P. and T.O. FIRM NAME (If Applicable) anu ac urers an ra ers Trust Company, Successor to A11first Trus TELEPHONE NUMBER Company of PA, NA COMPLETE MAILING ADDRESS 213 Market Street Harrisburg, PA 17101 R E C A P J T U L A T I o N 5-2148 Real Estate (Schedule A) Stocks and Bonds (Schedule B) Closely Held Corporation, Partnership or Sole-Proprietorship 4. Mortgages & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) D Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) (9) 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10) 11. Total Deductions (total Lines 9 & 10) 12. Net Value of Estate (Line 8 minus Line 11) 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J) 14. Net Value Subject to Tax (Line 12 minus Line 13) (1) (2) (3) None 673 ,689.52 None (4) (5) None 2,818.12 (6) None None 51,077.15 2,489.00 SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116(aX1.2) 16. Amount of Line 14 taxable at lineal rate 17. Amount of Line 14 taxable at sibling rate 18. Amount of Line 14 taxable at collateral rate 19. Tax Due 20. X 284,924.76 338,016.73 0.00 0.00 x X X X .0 0 045 .12 .15 Copyright (c) 2000 form software only The Lackner Group, Inc. FormREV-1500 EX (Rev. 6-00) Decedent's Complete Address: STREET ADDRESS 2821 Rathton Road CITY I STATE I ZIP Camp Hill PA 17011 Tax Payments and Credits: 1. Tax Due (Page 1 Une 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1) 15,210.75 0.00 15,000.00 760.54 Total Credits ( A + B + C) (2) 15,760.54 3. Interest/Penalty if applicable D. Interest E. Penalty Total Interest/Penalty ( D + E) (3) 4. If Une 2 is greater than line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Cheek box on Page 1 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) A. Enter the interest on the tax due. (SA) B. Enter the total of Line S + SA. This is the BALANCE DUE. (58) Make Cheek Payable 10: REGISTER OF WILLS, AGENT . """""""','" Ce_",,"", '."""",""" "" ,_, ,".__, ,...,o..:":::::'::::';::::::::i:!!::!!!!!!::!I!!!!!!!!!:i:!ii!:"", ,._.,.,., ....__,.._:.::::~:::::'!:' i i!!!!!!i!!!!i!!!!i!!!!!!!!!W!!ii!!iiil '::,' '!.!::!j!!!I!!!!!!!i!!!!:!!:!::!::~::::~::::'::":::::::::'", ......... ,,'.' .,....,."" ,.::.:::::::::::':~::':"'l'!!!!!ml!!!!i!!!W' PLEASE ANSWERTHi: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; ~ ~x~ b. retain the right to designate who shall use the property transferred or its income; . c. retain a reversionary interest; or. . . . d. receive the promise for life o~ either payments, benefits or care? . . 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? . 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. 0.00 549.79 0.00 0.00 0.00 D D D [B [B [B Under penaltIes of perjury, I declare that I halle examll'oed 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. SIG~A~ON~LE~RF1UNGRETURN Manufacturers and Traders Trust Company, '7' , . I ~ ..,I:,<;7_hS.~~5'_e:~~?!u~?__~!~_f_~~",_th!:-"-':~_~_~~P.".r:~_~_~u_ ~ ,'~ PA, NA and Elizabeth R. Geisel SIGNATURE 0 PREPARER OTHER THAN REP ESENTATIVE DATE Scpi-e""k" S; :U"3 DATE 213 Market Street For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3% [72 P.S. 9116 (a) (1.1) (ill For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.$. 9116 (a) (1.1) (i0]. 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 retum are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is 0% [72 P.S. 9116 (a) (1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. 9116(1.2) [72 P.S. 9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. 9116(a)(1.3)]. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. copyright (c) 2000 form software only The Lackner Group, Inc. Form REV-1500 EX (Rev. 6-00) REV-1S03 EX +(1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF FILE NUMBER William H. Geisel ITEM NUMBER 1 10 11 12 13 14 15 16 SSII 206-10-8637 12/08/2002 All property jointly-owned with right of survivorship must be disclosed on Schedule F. DESCRIPTION 96 shares AT&T Corporation New, CUSIP 001957505 2 155 shares AT&T Wireless Services Incorporated CUSIP # 00209A106 3 412 shares Be11south Corporation, CUSIP #079860102 4 656 shares BP Amoco PLC Sponsored ADR, CUSIP #055622104 Accrued Dividend 5 155 shares Comcast Corporation Class A New, CUSIP IP0030N101 6 216 shares CSX Corp, CUSIP #126408103 Accrued Dividend 7 459.172 shares Delaware Group Equity Funds I Balanced C1 A, CUSIP #246093108 8 100.006 shares Delaware Decatur Equity Inc. CL A #001, CUSIP #245907100 9 83 shares Delphi Corporation, CUSIP #247126105 60 shares DQE, Inc., CUSIP #23329J104 400 shares DuPont DeNemours E.I. Company, CUSIP 11263534109 Accrued Dividend 24 shares DuPont E.I. DeNemours & Co. Pfd $4.5, CUSIP #263534307 10 shares Duquesne Light Company 4% Preferred, CUSIP 11266228402 1,442 shares Echo Bay Mines Ltd 16 shares Electronic Data Systems Corp, CUSIP 11285661104 Accrued Dividend 840.936 shares Evergreen Blue Chip Growth C1 A #649, CUSIP #30023C814 Total of Continuation Schedu1e(s) UNIT VALUE (If more space IS needed, Insert additional sheets of the same size) CopyrIght (c) 1996 form software only CPSystems, Inc. TOTAL (Also enter on line 2, Recapitulation) 21-02-1160 VALUE AT DATE OF DEATH 2,673.36 1,066.79 11,017.91 25,680.76 236.16 3,690.94 6,099.84 21. 60 6,336.57 1,393.08 678.53 877.35 17,238.00 140.00 2,026.80 261. 67 1,416.77 266.00 2.40 16,625.30 575,939.69 673,689.52 Form REV-1503 EX (Rev. 1-97) Estate of: William H. Geisel Soc Sec #: 206-10-8637 Date of Death: 12/08/2002 Item # Continuation of Schedule B (Stocks and Bonds) Description Unit Value Value at Date of Death 17 85 shares Exe10n Corporation, CUSIP #30161N101 Accrued Dividend 18 264.454 shares Exxon Mobil Corporation, CUSIP 1f30231G102 Accrued Dividend 19 110 shares First Energy Corporation, CUSIP #337932107 20 120 shares General Motors Corp, CUSIP #370442105 Accrued Dividend 21 18 shares General Motors Corp C1 H, CUSIP #370442832 22 692 shares Harsco Corporation, CUSIP #415864107 23 1,860 shares Hershey Foods Corporation, CUSIP #427866108 Accrued Dividend 24 296 shares Lucent Technologies Inc., CUSIP #549463107 25 2,400 shares Mellon Financial Corporation, CUSIP #58551A108 26 21 shares Peco Energy Co. 4.68% Series D Pfd, CUSIP #693304503 27 268 shares PPL Corporation, CUSIP #69351T106 28 4 shares PPL Electric Utilities Corp. 4.5% Pfd, CUSIP #69351U301 29 162 shares Qwest Communications International, CUSIP #749121109 30 767 shares SBC Communications Inc, CUSIP #78387G103 31 9,476.294 shares Vanguard PA Tax Free Fund Long Term, CUSIP #92204L104 32 2,824.183 shares Vanguard Wellington Fund #21, CUSIP #921935102 Accrued Dividend 4,308.65 37.40 9,239.89 60.82 3,400.93 4,424.40 60.00 200.07 20,479.74 119,198.10 609.15 449.92 67,260.00 1,466.85 8,697.27 279.40 690.12 19,988.02 109,451. 20 70,463.37 621.32 . Estate of: William H. Geisel Sac Sec #: 206-10-8637 Date of Death: 12/08/2002 Continuation of Schedule B (Stocks and Bonds) Item if Description Unit Value Value at Date of Death 33 360 shares Verizon Communications, CUSIP #92343V104 14,110.20 34 230 shares Vodafone Group PLC New Span Adr, CUSIP 4,241.20 #92857W100 Accrued Dividend 29.67 35 432 shares Wyeth, CUSIP #983024100 16,162.20 36 $1,500 U.S. Savings Bonds Series EE due 4/01/21 - Date 1,480.20 of Death Value 37 $12,500 U.S. Savings Bonds Series HH due 2/1/22 12,500.00 38 $12,500 U.S. Savings Bonds Series HH due 6/1/21 12,500.00 39 $19,000 U.S. Savings Bonds Series HH due 2/01/21 19,000.00 40 $2,000 U.S. Savings Bonds Series EE due 10/01/21 - Date 1,916.80 of Death Value 41 $4,000 U.S. Savings Bonds Series EE due 08/01/22 - Date 3,612.80 of Death Value 42 $5,000 U.S. Savings Bonds Series HH due 10/01/04 5,000.00 43 $5,000 U.S. Savings Bonds Series HH due 01/01/05 5,000.00 44 $5,000 U.S. Savings Bonds Series HH due 12/01/10 5,000.00 45 $5,000 U.S. Savings Bonds Series HH due 02/01/06 5,000.00 46 $5,000 U.S. Savings Bonds Series HH due 04/01/05 5,000.00 47 $5,000 U.S. Savings Bonds Series HH due 05/01/06 5,000.00 48 $5,000 U.S. Savings Bonds Series HH due 08/01/06 5,000.00 49 $5,000 U.S. Savings Bonds Series HH due 09/01/12 5,000.00 50 $9,000 U.S. Savings Bonds Series HH due 1/01/20 9,000.00 -------------- 575,939.69 REV- 1508 EX + (1-97) . COMMONWEALTH OF PENNSYLVANIA INHERITANCETP\X RETURN RESIDENT DECEDENT ESTATE OF William H. Geisel SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY SSft 206-10-8637 12/08/2002 FILE NUMBER 21- 02 -1160 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1 DESCRIPTION Allfirst Bank - Money Market Account #0094325162 Accrued Interest VALUE AT DATE OF DEATH 2,574.87 0.24 2 Commonwealth of Pennsylvania - Income Tax Refund 45.00 3 Highmark - Pennsylvania Blue Shield - Refund on Premium 198.01 TOTAL (Also enter on line 5, Recapitulation) $ 2,818.12 (If more space is needed, insert additional sheets of the same size) Copyright (e) 1996 form software only CPSystems, Inc. Form REV-15GB EX (Rev. 1-97) REV-1511 EX +(1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF William H. Geisel Debts of decedent must be reported on Schedule I. ITEM NUMBER A. B. SSff 206-10-8637 FILE NUMBER 21-02-1160 12/08/2002 DESCRIPTION AMOUNT 1 FUNERAL EXPENSES, Elizabeth R. Geisel Memorial for Cemetery 290.00 Reimbursement for Deposit to Gingrich Marker 2 James R. Gingrich Memorials - Balance due for Grass Marker 290.00 1. ADMINISTRATIVE COSTS, Manufacturers and Traders Trust Company, Personal Representative's Commissions Successor to Allfirst Trust Company of Name of Personal Representative(s) PA, NA Social Security Number(s) / EIN Number of Personal Representative(s) Street Address 213 Market Street City Harrisburg State PA Zip 17101 26,000.00 Year(s) Commission Paid: 2. 3. Attorney's Fees J ames Duryea Cameron Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Elizabeth R. Geisel Street Address 2821 Rathton Road City Camp Hill State PA Zip 17011 Relationship of Claimant to Decedent Spouse 20,000.00 3,500.00 4. Register of Wills Probate Fees 564.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. 1 Other Administrative Costs Cumberland County Register of Wills - Short Certificate 111. 00 2 Cumberland Law Journal - Cost of Advertising and Proof of Publication 75.00 3 The Patriot News Company - Cost of Advertising and Proof of Publication 241.15 4 James Duryea Cameron - Reimbursement for Certified Copy of Will 6.00 TOTAL (Also enter on line 9, Recapitulation) $ 51,077.15 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1511 EX (Rev. 1~97) REV-1512 EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF William H. Geisel SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, AND LIENS 55fft 206-10-8637 12/08/2002 FILE NUMBER 21-02-1160 Include unreimbursed medical expenses. ITEM NUMBER 1 DESCRIPTION Internal Revenue Service - 2002 Personal Income Tax - Balance due AMOUNT 2,489.00 TOTAL (Also enter on line 10, Recapitulation) $ 2,489.00 Of more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1512 EX (Rev. 1-97) REV- 1513 EX t (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF William H. Geisel SSlt 206-10-8637 12/08/2002 NUMBER I. NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [Include outright spousal distributions, and transfers under Sec. 91 16(a)(1.2)] Remainder Interest in Bypass Trust Manufacturers and Traders Trust Company, Trustee under Will of William H. Geisel for benefit of William Reist Geisel RELATIONSHIP TO DECEDENT Do Not List Trustee(s) 1 Son 2 Life Interest in Bypass Trust Manufacturers and Traders Trust Company, Trustee under Will of William H. Geisel, for the benefit of Elizabeth R. Geisel Spouse FILE NUMBER 21-02-1160 AMOUNT OR SHARE OF ESTATE 338,016.73 284,924.76 ENTER DOLLAR AMTS. FOR DISTRIBUTIONS SHOWN ABOVE ON LN. 15 THRU 18, AS APPROPRIATE, ON REV 1500 COVER SHEET II. NON- TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SEC. 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART 11- 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) Copyright (c) 2000 form software only The Lackner Group, Inc. 0.00 Form REV-1513 EX (Rev. 9-00) REV-1514 EX + (9-00) SCHEDULE K LIFE ESTATE, ANNUITY & TERM CERTAIN Check Box 4 on Rev-1500 Cover Sheet ESTATE OF FILE NUMBER William H. Geisel SS# 206-10-8637 12/08/2002 21-02-1160 This schedule is to be used for all single life, joint or successive life estate and term certain calculations. For dates of death prior to 5-1-89, actuarial factors for single life calculations can be obtained from the Department of Revenue, Specialty Tax Unit. Actuarial factors can be found in IRS Publication 1457, Actuarial Values, Alpha Volume for dates of death on or after 5-1-89. Indicate the type of instrument which created the future interest below and attach a copy to the tax return. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT Copy III Ij[JWiII o Intervivos Deed of Trust o Other NAME(S) OF LIFE TENANT(S) NEAREST AGE AT DATE OF BIRTH DATE OF DEATH TERM OF YEARS LIFE ESTATE IS PAYABLE Elizabeth R. Geisel 09 09 19 83 Term of Years Term of Years Term of Years Term of Years 1. Value of fund from which life estate is payable 2. Actuarial factor per appropriate table Interest table rate - D 3 1/2% D 6% D 10% 3. Value of life estate (Line 1 multiplied by Line 2) $ 622,941.49 0.22783 [] Variable Rate 4.0 % $ 141,924.76 NAME(S) OF ANNUITANT(S) NEAREST AGE AT DATE OF BIRTH DATE OF DEATH TERM OF YEARS ANNUITY IS PAYABLE Term of Years Term of Years Term of Years Term of Years 1. Value of fund from which annuity is payable 2. Check appropriate block below and enter corresponding (number) Frequency of payout - D Weekly (52) D Bi-weekly (26) o Quarterly (4) 0 Semi-annually (2) 0 Annually (1) 3. Amount of payout per period 4. Aggregate annual payment, Line 2 multiplied by Line 3 5. Annuity Factor (see instructions) Interest table rate ~ D 3 1/2% D 6% D 10% D Variable Rate 6. Adjustment Factor (see instructions) 7. Value of annuity - If using 3 1/2%, 6%, 10%, or if variable rate and period payout is at end of period, calculation is: Line 4 x Line 5 x Line 6 If using variable rate and period payout is at beginning of period, calculation is: (Line 4 x Line 5 x Line 6) + Line 3 0.00 o Monthly (12) DO'her( ) o 0.00 0.00 0.0 % 0.0000 0.0000 0.00 0.00 NOTE: The values of the funds which create the above future interests must be reported as part of the estate assets on Schedules A through G of this tax return. The resulting life or annuity interest(s) should be reported at the appropriate tax rate on Lines 13, 15, 16, 17 and 18. (If more space is needed, insert additional sheets of the same size) Copyright (c) 2000 form software only The Lackner Group, Inc. Form REV-1514 EX (Rev. 9-00) REV-1647 EX t (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIOENT DECEOENT SCHEDULE M FUTURE INTEREST COMPROMISE ESTATE OF William H. Geisel SS# 206-10-8637 12/08/2002 This schedule is appropriate only for estates of decedents dying after December 12, 1982. This schedule is to be used for all future interests where the rate of tax which will be applicable when the future interest vests in possession and enjoyment cannot be established with certainty. Indicate below the type of instrument which created the future interest and attach a copy to the tax return. (Check Box 4. on Rev-1500 Cove, Sheet) FILE NUMBER 21- 02 -1160 fXlWiII nT,ust nOthe' I. Beneficiaries NAME OF AGE TO BENEFICIARY RELATIONSHIP DATE OF BIRTH NEAREST BIRTHDAY 1. William Reist Geisel Son 09/23/1960 42 2. 3. 4. 5. II. For decedents dying on or after July 1, 1994, if a surviving spouse exercised or intends to exercise a right of withdrawal within 9 months of the decedent's death, check the appropriate block and attach a copy of the document in which the surviving spouse exercises such withdrawal right. n Limited riaht of withdrawal --n Unlimited riaht of withdrawal III. Explanation of Compromise Offer: See Attached Explanation IV. Summary of Compromise Offer: 1. Amount of Future Interest . . . . . $ 338,016.73 2. Value of Line 1 exempt from tax as amount passing to charities, etc. (also include as part of total shown on Line 13 of Cover Sheet) . .$ 0.00 3. Value of Line 1 passing to spouse at appropriate tax rate Check One 06%. 03%, 00% .$ 0.00 (also include as part of total shown on Line 15 of Cover Sheet) 4. Value of Line 1 taxable at lineal rate Check One 06%, 04.5% .$ 338,016.73 (also include as part of total shown on Line 16 of Cover Sheet) 5. Value of Line 1 taxable at sibling rate (12%) (also include as part of total shown on Line 17 of Cover Sheet) . .$ 0.00 6. Value of Line 1 taxable at collateral rate (15%,) (also include as part of total shown on Line 18 of Cover Sheet). .$ 0.00 7. Total Value of Future Interest (sum of Lines 2 thru 6 must equal Line 1) . . $ 338,016.73 (If more space is needed, insert additional sheets of the same size) Copyright(c) 2000 form software only The Lackner Group, Inc. Form REV-1647 EX (Rev. 9-00) 09/02/2003 17:04 71 72353555 J D CAMERON PAGE 03 ~,R . (t'n..t'dl Il81:ate Q~ .i~l1_ H. Gel..l, deceased Dat:.t ~ DlMth: ~ 8, 2002 .11. ~_ 21-02-1160 III. Explanation of cosprOlrlse The net value of estate (line 12) of the Tax COlIPutat.ion on thAt cover page of tbe Return is $62X,xxx.XX. This s~ ia subject. to t.be prOVisions of the Bypass Trust. created pursuant. to 1'1'811 4.A., Of the decedent's Will. Distribut.ions from this trust durinq the lifeti.. ot the surviving spouse are provided for under ITBM 5. of the Will. ITEII 5.". (1) provide. that Trustee sut ("shall") di8tril:luta the net iIlQOM of the trust prillarily for the banefit of the aurvivinl; apouse. ITBM 5.A.(2) provide. that Tru.tee "My" llistril:lute principal of the trust to either the spouse or tbe son. Ik*ever, this pa.raqraph, ITEM 5.A.(2) expressly provid.es that "my wife 1s the priury object of sy bounty.". :rurtbenaore, it remaine unl1kely that the son--who is BllPloyed, ia forty-thr.. years olll, and has no <tependents--will receive any diatribution under ITBIC. 5. Consequently, it is reasonable to conolude that the surviving spouse will receive all dlstril:lutions ot net income purauant. to ITBM 5.".(1). and it. is t'easonable to oonolude that only the s\U'Vivlng spouse is likely to receive any distribut.ion of principa.l pursuant to ITBM 5.1..(2). Tbe othet' "income and resources" of the surviving spoUs., referrtJd to in ITEM 5.A.(:l), of the Will C&t be expeottJd to qenerate SQll8 additional investment lncoH. '1'be aurvivill9 apoua. bali.vea that the trust 1ncome, combined w1 th har own lnv8B1:.Mnt ineo.. will be gen.rally sufficient to pay her Ordinary monthly 1iv11\9 expena.., even tbou9h sbe t'eceives no pension ineOll8, and ber social security payaent is relatively aode.t. However, the surviving spouse reaid_ in an olller, .ub\lrban, sinql.-faa11y home and incurs occasional, significant expense. for tbB repairs and. ..intenance of her boIIe. This would include such recent it... aa root repair, replacing tbB s.ver oonnection line, etc. By way of further exa.ple, IIhe h.. been Inforae4 that she might need. to replace the turnace, whioh is older, like tbe home itself. In light of tb..e need., the survivil\9 spouse bali_vM it likely tbat aha may nead to taJc:_ oooeaional prinoipel distribUtions frOll the Bypass Trust, distribUtions .aU_tad at approxi..tely $5,000.00 per year. 09/02/2003 17:04 71 72363655 J D CAMERON PAGE 04 Mul~iplying this annual distribution by the actuarial life expectancy of the surviving spouse, 8.6 years, yields an expected principal distribution of $43,000.00. Additionally, given the age of the surviving spOuse, it is likely that ~. aay co.. to need additional care .s she become. ollier. It is respectfully suggested that an appropriate e_tlute of this dis~i~tion is $100,000.00. /Adding, the total of these expected principal distributions ia $143,.000.00. This UIOUnt should be allocllted to the ahare of the surviving spouse, not to the Share of the son. .IUI . first step, allocation .ust be lWld.e between the lif. tenant, the spouse, and. the rellaind.erman, the son. It is suggested ~t this be done in accordance with IRS Reg. 20.2031- 7, u i. shown on Schedule K of the Return. The result of this allocation follows. SDOUS8 $xxx,xxx.OO multiplied by .22783 equals $xxx,xxx.xx, the .tartingvalue of the life estate. Adding the expected principal distribution aaownt, calculated aQove, yield.s a final value tor the life ..tat. of $xxx,xxx.xx .iQn $xxx,xxx.oo multiplied by .77217 equals $xxx,xxx.xx, the starting value of the reaainder. Subtracting the expected principal distribution aaQuot, calculated above, yields a finel value tor the lite e8ta~e ot $xxx,xxx.xx These tiqures are those found on lines 15 and. 16, r..pectively, of the Tax Coaputation section of the Return. REV-1649 EX + (1/97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE 0 ELECTION UNDER SEC. 9113(A) (SPOUSAL DISTRIBUTIONS) ESTATE OF FILE NUMBER William H. Geisel SS# 206-10-8637 12/08/2002 21-02-1160 Do not complete this schedule unless the estate is making the election to tax assets under Section 9113(A) of the Inheritance & Estate Tax Act. If the election applies to more than one trust or similar arrangement, a separate form must be filed for each trust. This election applies to the Trust /11 Trust (marital, residual A, B, By-pass, Unified Credit, etc.). If a trust or similar arrangement meets the requirement of Section 9113(A), and: a. The trust or similar arrangement is listed on Schedule 0, and b. The value of the trust or similar arrangement is entered in whole or in part as an asset on Schedule 0, then the transferor's personal representative may specifically identify the trust (all or a fractional portion or percentage) to be included in the election to have such trust or similar property treated as a taxable transfer in this estate. If less than the entire value of the trust or similar property is included as a taxable transfer on Schedule 0, the personal representative shall be considered to have made the election only as to a fraction of the trust or similar arrangement. The numerator of this fraction is equal to the amount of the trust or similar arrangement included as a taxable asset on Schedule O. The denominator is equal to the total value of the trust or similar arrangement. PART A: Enter the description and value of all interests, both taxable and non-taxable, regardless of location, which pass to the decedent's surviving spouse under a Section 9113 (A) trust or similar arran ement. DESCRIPTION VALUE 1 Bypass Trust Established under the Last Will and Testament of William H. Geisel. Manufacturers and Traders Trust Company, Successor to Allfirst Trust Company of Pennsylvania, N.A. Trustee 622,941. 49 Part A Total PART B: Enter the description and value of all interests included in Part A for which the Section 9113 (A) election to tax is bein DESCRIPTION 622 941.49 made. VALUE 1 Bypass Trust Established under the Last Will and Testament of William H. Geisel. Manufacturers and Traders Trust Company, Successor to Allfirst Trust Company of Pennsylvania, N.A. Trustee 622,941.49 Part B T atal 622,941. 49 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1649 EX (Rev. 1-97) IJ allflrst January 23, 2003 A1lfirst Trust Attn: Sandra L. Stapel 213 Market Street Hanisburg, Pennsylvania 17101-2127 A.llfrrst Financial Center N.A. P.O. Box 900 MilIsboro, DE 19966 RE: Estate of William H. Geisel Date of Death: December 8, 2002 Sodal Security Number: 206-10-8637 Dear Ms. Stapel: In response to your request, please be advised of the following accounts the above-named decedent had with this bank and the balances on the date of death. 1. Account Type..................."...... Relationship w/lnt. Checking Account Account Number........"............. 0036762903 Ownership (Names of)."............. William H. Geisel or Elizabeth R. Geisel Opening Date........................". 08/28/64 Balance on Date of Death........... $ 5,068.95 Accrued Interest...................".. .11 Total......................................$ 5,069.06 2. Account Type..."...................... Money Market Account Account Number....................... 0094325162 Ownership (Names of)..."........... William H. Geisel Opening Date........................... 03/28/84 Balance on Date of Death..".......$ 2,574.87 Accrued Interest....................... .24 Total........"............................$ 2,575.11 . Page 2 January 23, 2003 3. Account Type........................... Money Fund A1t Account Account Number....................... 0098125168 Ownership (Names 01)................ William H. Geisel or Elizabeth R. Geisel Opening Date........................... 03/18/97 Balance on Date of Death...........$ 90,113.70 Accrued Interest....................... 56.06 Total......................................$ 90,169.76 4. Account Type,.......................... Safe Deposit Box Account Number....................... ??oo10005321??oo4780 Ownership (Names 01)................ William H. Geisel or Eiizabeth R. Geisel Opening Date........................... 06/28/00 This response does not apply to any assets held with AI/first Brokerage, where AI/first Bank is serving as a trustee,. nor to any crecfd cards owned by Bank of America bearing AJltirst Bank's name. For further account information, closures and/or reimbursement of funds refer to below branch. 3045 Market Street, Camp Hill, PA 17011, telephone 717-255-2279. Sincerely, m.??~' Mary Anne Macielag Associate I/ClS (302) 934-2240 William Geisel EE Bonds Accrual Bonds !aemption Date: 12/2002 Issue Yield Next Final ~rial Number Denam. Series Date Value Interest To Date Accrual Maturitv !7599096EE $500 EE 4/1991 $493.40 $243.40 6.00% 4/2003 4/2021 . !7599094EE $500 EE 4/1991 $493.40 $243.40 6.00% 4/2003 4/202l . !7599095EE $500 EE 4/1991 $493.40 $243.40 6.00% 4/2003 4/2021 . 13752644EE $1,000 EE 10/1991 $958.40 $458.40 6.00% 4/2003 10/2021 . 13752645EE $1,000 EE 10/1991 $958.40 $458.40 6.00% 4/2003 10/2021 . 15774686EE $1,000 EE 8/1992 $903.20 $403.20 6.00% 2/2003 8/2022 . 15774687EE $1,000 EE 8/1992 $903.20 $403.20 6.00% 2/2003 8/2022 . 15774688EE $1,000 EE 8/1992 $903.20 $403.20 6.00% 2/2003 8/2022 . 15774689EE $1,000 EE 8/1992 $903.20 $403.20 6.00% 2/2003 8/2022 . = Not eligible for payment (purchase price) 2 = Matured (exchangeable for HH) 3 = Matured (not exchangeable) , Possibly eligible for U.S. Savings Bond Education Benefit Program. ,e footnotes on Inventory Summary page. 1 William Geisel EE Bonds Inventory Summary .demption Date, l2/2002 Number Inventory Redemption of Bonds Value Value Interest :::crual Bonds Pre-January 1990 Issue Dates: 0 $0.00 $0.00 $0.00 January 1990 and Later Issue Dates: 9 $7.009.80 $7 009.80 $3.259.80 . 9 $7,009.80 $7,009.80 $3,259.80 .lrrent Income Bonds 0 $0.00 $0.00 $0.00 :1ventory Totals 9 $7,009.80 $7,009.80 $3,259.80 Footnotes Proceeds from Series BE & I Savings Bonds with issue dates beginning January 1990 may be eligible for special tax exemption when used for post-secondary education. For further information concerning the benefits and restrictions that apply, please contact the Internal Revenue service. These bonds are not eligible for payment within 6 months of their issue date. These bonds have reached final maturity and will earn no additional interest. They can be exchanged for HH Bonds within a year of their final maturity date. These bonds have reached final maturity and will earn no additional interest. They are not eligible for exchange for Series HE Bonds since they have been held over a year past their final maturity date. 2 William Geisel HH Bonds Current Income Bonds :ciemption Date: 12/2002 Issue Deferred Interest Next Final 'rial Number Denom. Series Date Value Interest Rate Pavment Maturitv 825751HH $500 HH 2/2002 $500.00 $0.00 4.00% 2/2003 2/2022 ,605153HH $500 HH 6/2001 $500.00 $0.00 4.00% 6/2003 6/2021 356264HH $1,000 HH 1/2000 $1,000.00 $0.00 4.00% 1/2003 1/2020 '356265HH $1,000 HH 1/2000 $1,000.00 $0.00 4,00% 1/2003 1/2020 '356266HH $1,000 HH 1/2000 $1,000.00 $0,00 4.00% 1/2003 1/2020 '356267HH $1,000 HH 1/2000 $1,000.00 $0.00 4.00% 1/2003 1/2020 '356268HH $1,000 HH 1/2000 $1,000.00 $0.00 4.00% 1/2003 1/2020 '356270HH $1,000 HH 1/2000 $1,000.00 $0.00 4.00% 1/2003 1/2020 '356269HH $1,000 HH 1/2000 $1,000.00 $0.00 4.00% 1/2003 1/2020 '356271HH $1,000 HH 1/2000 $1,000.00 $0.00 4.00% 1/2003 1/2020 '356272HH $1,000 HH 1/2000 $1,000.00 $0.00 4.00% 1/2003 1/2020 '747114HH $1,000 HH 1/2001 $1,000.00 $0.00 4.00% 1/2003 1/2021 '747115HH $1,000 HH 1/2001 $1,000.00 $0.00 4.00% 1/2003 1/2021 '747116HH $1,000 HH 1/2001 $1,000.00 $0.00 4.00% 1/2003 1/2021 '747117HH $1,000 HH 1/2001 $1,000.00 $0.00 4.00% 1/2003 1/2021 '995242HH $1,000 HH 6/2001 $1,000.00 $0.00 4.00% 6/2003 6/2021 '995243HH $1,000 HH 6/2001 $1,000.00 $0.00 4.00% 6/2003 6/2021 :306997HH $1,000 HH 2/2002 $1,000.00 $0.00 4.00% 2/2003 2/2022 :306998HH $1,000 HH 2/2002 $1,000.00 $0.00 4.00% 2/2003 2/2022 ,62236HH $5,000 HH 10/1984 $5,000.00 $0.00 4.00% 4/2003 10/2004 ,79201HH $5,000 HH 4/1985 $5,000.00 $0.00 4.00% 4/2003 4/2005 ,62605HH $5,000 HH 1/1985 $5,000.00 $0.00 4.00% 1/2003 1/2005 .05095HH $5,000 HH 2/1986 $5,000.00 $0.00 4.00% 2/2003 2/2006 55507HH $5,000 HH 8/1986 $5,000.00 $0.00 4.00% 2/2003 8/2006 05611HH $5,000 HH 5/1986 $5,000.00 $0.00 4.00% 5/2003 5/2006 ,10519HH $5,000 HH 12/1990 $5,000.00 $0.00 4.00% 6/2003 12/2010 112000HH $5,000 HH 9/1992 $5,000.00 $0.00 4.00% 3/2003 9/2012 524100HH $5,000 HH 1/2001 $5,000.00 $0.00 4.00% 1/2003 1/2021 628021HH $5,000 HH 2/2002 $5,000.00 $0.00 4.00% 2/2003 2/2022 .628022HH $5,000 HH 2/2002 $5,000.00 $0.00 4,00% 2/2003 2/2022 060923HH $10,000 HH 1/2001 $10,000.00 $0.00 4.00% 1/2003 1/2021 087105HH $10,000 HH 6/2001 $10,000.00 $0.00 4.00% 6/2003 6/2021 = Not eligible for payment (purchase price) 2 = Matured (exchangeable for HH) 3 = Matured (not exchangeable) , Possibly eligible for U.S. Savings Bond Education Benefit Program. ,e footnotes on Inventory Summary page. 2 . William Geisel HH Bonds Inventory Summary ctemption Date: 12/2002 Number Inventory Redemption of Bonds Value Value Interest crual Bonds Pre-January J.990 Issue Dates: 0 $0.00 $0.00 $0.00 January J.990 and Later Issue Dates: 9 $7.009.80 $7.009.80 $3.259.80 . 9 $7,009.80 $7,009.80 $3,259.80 .rrent Income Bonds 32 $93,000.00 $93,000.00 $0.00 .ventory Totals 4J. $J.00,009.80 $J.00,009.80 $3,259.80 Footnotes Proceeds from Series EE & I Savings Bonds with issue dates beginning January 1990 may be eligible for special tax exemption when used for post-secondary education. For further information concerning the benefits and restrictions that apply, please contact the Internal Revenue Service. These bonds are not eligible for payment within 6 months of their issue date. These bonds have reached final maturity and will earn no additional interest. They can be exchanged for HH Bonds within a year of their final maturity date. These bonds have reached final maturity and will earn no additional interest. They are not eligible for exchange for Series HH Bonds since they have been held over a year past their final maturity date. 3 SECOND CODICIL TO THE WILL OF WILLIAM H. GEISEL I, WILLIAM H. CUmberland County COdicil to my Last GEISEL, of the Borough of Camp Hill, Pennsylvania, declare this to be a second Will and Testament dated August 12, 1997. FIRST: I hereby revoke ITEM 5.A.(3) of my will, and, instead, substitute the following: (3) Upon the death of my wife (or immediately, if my wife has predeceased me), all principal and any undistributed income of the Bypass Trust shall be paid to my son. . SECOND: In all other respects, I do hereby ratify and ~onbf~rm my Will dated August 12, 1997, and Codicil thereto, dated e ruary 19, 2001. IN WITNESS WHEREOF, I February, 2002. have signed my name this 27th day of .~tr WILLIAM H. EISEL . Signed by WILLIAM H. GEISEL, the Testator, as a Codicil to h~s Will dated August 12, 1997, and Codicil thereto, dated ~7bruary 19, 2001, in the presence of us, who at his request, in ~s presence, and the presence of each other, have signed our names as witnesses. "*~a. (3l.~ ~drh. fn-S-.>W (Address) ~rfl;.':l"''?r ~.... 010 'L- (Address) C\an~, p~ Witness . ~ c;) ~ "Sr. 4"?o N. (Address) (A~S\ -\4.:1\ Pc.. ~Ioll " ~ ---~ ~ ~ -------.....~ --------""---'"-"""-~~~ - - ACRNOWLEDGEMENT AND L'-..FFIDAVIT commonwealth of Pennsylvania ss. county of Dauphin LLIAM H. GEISEL, JAMES D. CAMERON, and ~/ , the Testator in and the witnesses to the Codi ~ , the attached or foregoing instrument, having been qualified according to law do depose and say: (a) that I, the Testator, do hereby acknowledge that I signed the instrument as a Codicil to my Will, that I signed it willingly and as my free and voluntary act for the purposes therein expressed: and (b) that we, the witnesses, were present and saw the Testator sign and execute the instrument as his Codicil; that he signed it willingly and executed it as his free and voluntary act for the purposes therein expressed: that each of us in the hearing and sight of the Testator signed the Codicil as a witness and that to the best of our knowledge the Testator at that time was eighteen or more years of age, of sound mind, and under no constraint or undue influence. Jt~ jJ fi:J Testatoh a< .~ flo..nc.-. K'. r~ Witness I Sworn and subscribed before me this 27 da f February, 2002. My commission expires: Notarial Seal Shana R. Geyer, Notary Putlilc Harrisburg, Dauphin County My Commission Expires July 20, 2002 Member, Pennsylvania AsSOCIation of Notanes CODICIL TO THE WILL OF WILLIAM H. GEISEL I, WILLIAM H. GEISEL, of the Borough of Camp Hill, Cumberland County, Pennsylvania, declare this to be a Codicil to my Will dated August 12, 1997. FIRST: I hereby revoke Item 6. Fiduciaries of my Will, and, instead, substitute the following: Item 6. Fiduciaries. A. I appoint my wife, Elizabeth R. Geisel, and Allfirst Bank, or its successor institution, as Co- Executors of this my Last Will and Testament, to serve without bond. If my wife, Elizabeth R. Geisel, is unwilling or unable to serve, then I appoint my son, William R. Geisel, and Allfirst Bank, or its successor institution, as Co-Executors. Any and all Co-Executors shall serve without bond. B. I appoint Allfirst Bank, or its successor institution, as Trustee of all trusts created under this my Last will and Testament. C. (1) Any corporate trustee, original or successor, may resign at any time upon giving thirty (30) days' written notice to the persons then-authorized to receive income distributions hereunder, provided that any such person has attained the age of eighteen (18) years of age. That person, or a majority of the persons entitled to such a notice of resignation, or, if the majority are enable to agree, then the Court of Common Pleas of Dauphin County, Pennsylvania, shall appoint a successor corporate trustee. The same person or persons shall have the right at any time to remove any corporate trustee, original or successor, provided the person or persons shall immediately appoint a successor corporate trustee. (2) Each successor trustee shall be a corporation or a national banking institution qualified to carryon a trust business in the state in which it has its principal place of business, and shall have continuously carried on such trust business (itself or by a predecessor corporation) for at least twenty (20) years immediately prior to such appointment. (3) Each successor corporate trustee hereunder shall have, exercise, and enjoy all the rights, privileges, and powers, discretionary, ministerial, and otherwise, as are hereby given and granted unto the original corporate Trustee and shall have all of the same duties and obligations assumed by and imposed upon the original corporate Trustee hereunder. Title to all of the assets of any trust estate shall vest forthwith in any successor co- trustee, but any resigning or removed trustee shall execute and deliver all such instruments and do all such acts as are necessary or desirable to vest title in any successor co-trustee. No successor trustee shall be liable or responsible for any act or omission on the part of any previous trustee hereunder. No successor trustee shall have any duty to audit or investigate the accounts or administration of any previous trustee, nor, unless requested in writing to do so by a person having a present or future beneficial interest hereunder, any duty to take action to obtain redress for breach of trust. SECOND: In all other respects, I do hereby ratify and confirm my will dated August 12, 1997. IN WITNESS WHEREOF, I of February, 2001. name this 19th day :L Signed by WILLIAM H. GEISEL, the Testator, as a Codicil to his will dated August 12, 1997, in the presence of us, who at his request, in his presence, and the presence of each other, have signed our names as witnesses. <2 ~V<) fJ. ( ~-U?~ wet~s . /3 A.') ,J..-h. <=.... '" ~ Slre.et (Address) i \ o. I 0", f7/~7- ~o.l~r,~-:;r..o'" ~ '11'. (Address) v fl o. I Q V) c...-Ll wi tness i 'R. P fLQ:...r.> 4~o W, (Address) C.C...yy,\ . (Address) r ., __ '-lV" ,.). 1.-) _ " , ";:::o;"f. ~r' "'. \ \ ~~ 0 \il::l 1\ ACKNOWLEDGEMENT AND AFFIDAVIT Commonwealth of Pennsylvania County of Dauphin : 55. : \ We ~ILLIAM H. GEISEL, JAMES D. CAMERON, and V\WV( 1 R PRf>,G , the Testator in and the witnesses to the Codic.jJL, the attached or foregoing instrument, having been qualified according to law do depose and say: 'i'-- :~ ~ ;'1 (a) that I, the Testator do hereby acknowledge that I signed the instrument as a Codicil to my Will, that I signed it willingly and as my free and voluntary act for the purposes therein expressed, and ~1 (b) that we, the witnesses, were present and saw the Testator sign and execute the instrument as his COdicil, that he signed it willingly and executed it as his free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the Testator signed the Codicil as a witness and that to the best of our knowledge the Testator at that time was eighteen or more years of age, of sound mind, and under no constraint or undue influence. t \. ~.~ :.1f;;--!/)/7VI 7./. t041 ':tv Testator ~ _~ f\0~~-- WiVSS ~---- '() Qn ~ t<. P nx_;"'1':::l , . witness Sworn and subscribed before me, a notary public in and for the above County and State, this 19th daV o~ f~Pr~~~y, 2001. .kJlrfft1() m~ Notary Public of My commission expires: Notarial Seal Shana R. Geyer, Notary Public Harrisburg, Dauphin County My commission Expires July 20, 2002 MernbOl', f'iiOnoYIVMia AssocialIon 01 Nolanss KEEF"ER. WOOD, ALLEN & RAHAL 210 WALNUT STREET MAILING ADDRESS" P. O. BOX 11963 HARRISBURG. PA. 17108-1511153 ""',"- WILL OF WILLIAM H. GEISEL I, WILLIAM H. GEISEL, of camp Hill, Cumberland county, Pennsylvania, adopt this as my Will, hereby revoking any wills or codicils which I have previously made. ITEM 1. Debts and Funeral Excenses. I order and direct that all my just debts and funeral expenses be paid out of my Estate by my Executors as soon as conveniently may be done after my decease. ITEM 2. My FamilY. My wife's name is Elizabeth R. Geisel, and she is hereinafter referred to as my "wife." I have one son, William Reist Geisel, hereinafter referred to as my "son." ITEM 3. Tanqible Personal Property. Any tangible personal property I own at the time of my death I give to my wife if she survives me. If my wife does not survive me, I give my tangible personal property to my son. ITEM 4. Creation of Trusts. A. Bvpass Trust. I bequeath to my Trustee, hereinafter named, in trust, cash, securities or other property in the amount specified below, to be known as the "Bypass Trust." (1) The bequest shall be $600,000, subject however, to Paragraphs (2) and (3) below. (2) The bequest shall increase or decrease, based upon the availability of my federal unified credit for estate and gift taxes and the maximum allowable federal estate tax credit for state death taxes (but only to the extent that the use of such state death tax credit does not increase the death tax payable to any state), whether due to statutory changes, lifetime gifts in excess of the federal unified estate and gift tax exemption-equivalent amounts, or any other transfer which affects the availability of my federal credits. (3) The bequest shall decrease, even to zero, if necessary to reduce federal estate tax payable as a result of my death to zero (excluding, however, any federal estate tax due as a result of an excess retirement accumulation under section 4980A of the Internal Revenue Code of 1986, as amended, or such similar section as may then be in effect), considering that my intention is to fund the Bypass Trust by using my available federal unified credit for estate and gift taxes and my federal estate tax credit for state death taxes and to eliminate federal estate tax on the balance of my federal taxable estate by using the federal estate tax unlimited marital deduction. B. OTIP Trust. If my wife survives me, I give the rest, residue and remainder of my estate, to my Trustee, hereinafter named, in trust, to be known as the QTIP Trust. Should my Trustee disclaim all or part of the property comprising the QTIP Trust, or should my wife not survive me, I give such rest, residue and remainder to my Trustee, in trust, to be held, administered and distributed for all purposes as part of the Bypass Trust. -2- ITEM 5. Administration of Trusts. A. Bvpass Trust. The Bypass Trust shall be held, administered and distributed as follows: (1) Prior to the death of my wife, my Trustee shall pay to or apply for the benefit of my wife all of the net income from the Bypass Trust in convenient installments, in such shares and proportions as my Trustee in its sole discretion shall determine, primarily for the medical care, education, support and maintenance in reasonable comfort of my wife, taking into consideration any other income or resources of my wife and son known to my Trustee. (2) Prior to the death of my wife, my Trustee may pay to or apply for the benefit of my wife or my son such sums from the principal of the Bypass Trust in such shares and proportions as in its sole discretion shall be necessary or advisable from time to time for the medical care, education, support and maintenance in reasonable comfort of my wife or my son, taking into consideration any other income or resources of my wife or son known to my Trustee, considering that my wife is the primary object of my bounty. (3) Upon the death of my wife (or immediately, if my wife has predeceased me), all income from the Bypass Trust shall be paid to my son no less often than quarterly until he reaches the age of 50 years. Immediately upon my son's -3- 50th birthday, one half of the principal of the bypass trust shall be distributed to him. After my son's 50th birthday, the income on the remaining balance of the Bypass trust will continue to be distributed to him no less often than quarterly until he reaches the age of 60 years. Immediately upon my son's 60th birthday, the remaining balance of the Bypass Trust shall be distributed to him and the trust shall terminate. If my son has reached the age of 50 years at the time of my wife's death, one half of the principal of the Bypass Trust shall be distributed to him immediately and the balance shall be held and distributed to him through age 60 in accordance with the foregoing paragraph. If my son has reached the age of 60 at the time of my wife's death, all principal and any accrued interest of the Bypass Trust shall be distributed to him immediately and the trust shall terminate. (4) If, at the time any distribution to my son becomes payable under this Item 5, he has died leaving issue to survive him, the distribution shall be made to such issue, per stirpes. If any distribution provided for under this paragraph should be payable to a minor, I direct that my Trustee continue to hold such sum in trust, and to use principal and income from time to time for the minor's support and education, including a college education, both -4- graduate and undergraduate. The property thus held for any minor shall be turned over to that minor upon that minor's attainment of the age of 23. (5) If my residence at 2821 Rathton Road, Camp Hill, Pennsylvania should become an asset of the Bypass Trust, it is my desire that my son be permitted to reside there if he so desires. My Trustee may, at its discretion, permit my son to live in my residence while holding it as an asset of this trust, or convey it to him outright without regard to the age requirements of subsection 3 above. (6) If at the time of my death, or at any later time prior to final distribution hereunder, my wife, my son all my issue are deceased and no other disposition of the property is directed by this Trust, then and in that event only, the then-remaining property of this Trust, together with any undistributed income, shall be given in equal shares to my nephews: Ritchie Geisel, of Princeton, New Jersey; John Geisel, of princeton, New Jersey; James Geisel, of Camp Hill, Pennsylvania; Richard Brinser Geisel, of Camp Hill, Pennsylvania; and Meade Geisel, of Villanova, Pennsylvania. If any of those nephews should not then be living, the remaining balance of the trust shall be divided equally among those who survive. B. OTIP Trust. The QTIP Trust shall be held, administered and distributed as follows: -5- (1) My Trustee shall pay to or apply for the benefit of my wife during her lifetime all the net income from the QTIP Trust in convenient installments but no less frequently than quarterly. (2) In addition, my Trustee may pay to or apply for the benefit of my wife such sums from the principal of the QTIP Trust as in its sole discretion shall be necessary or advisable from time to time for the medical care, comfortable maintenance and welfare of my wife, taking into consideration to the extent my Trustee deems advisable any other income or resources of my wife known to my Trustee. (3) The income interest in the QTIP Trust is intended to qualify as a qualified income interest, and the property held in the QTIP Trust is intended to constitute qualified terminable interest property under section 2056(b) (7) and (8) of the Internal Revenue Code of 1986, as amended, or such like section as is enacted from time to time. Nevertheless, my Executor or my Trustee, as the case may be, shall have absolute discretion to elect to treat all or part of the QTIP Trust as qualified terminable interest property for federal estate tax purposes or for federal generation- skipping tax purposes, and may make differing elections, in whole or in part, with respect to such taxes. (4) Upon the death of my wife, my Trustee may pay to the executor of my wife's estate an amount necessary to pay -6- funeral and other expenses of administration (if my Trustee determines such expenses necessary and proper) and to pay death taxes attributable to the QTIP Trust. (5) Upon the death of my wife, the entire remaining principal of the QTIP Trust, or the part of such trust remaining after the payment of my wife's funeral and other expenses of administration and applicable death taxes, shall be held and distributed in the same manner provided for in connection with the Bypass Trust under Item 5.A this will. XTEM 6. Fiduciaries. I appoint Dauphin Deposit Bank and Trust company, of Harrisburg, Pennsylvania, or its successor institution, as the executor of this will and as Trustee of any trust created hereunder. My Executor and my Trustee shall not be required to post any security for serving as such and shall be entitled to reasonable compensation for their services in administering and distributing my estate and any trust herein provided for. XTEM 7. Taxes. All estate, inheritance, legacy, succession or transfer taxes (including any interest and penalties thereon) imposed by any domestic or foreign laws now or hereafter in force with respect to all property taxable under such laws by reason of my death, whether or not such property passes under this will, and whether such taxes be payable by my estate or by the recipient of any such property, shall be paid by my Executor, at such time or times as may be deemed advisable, out of my general -7- . , estate as part of the expense of the administration thereof with no right of reimbursement from any recipient of any such property. ITEM 8. Powers of Fiduciaries. A. I give to any Executor and to any Trustee named in this will or any codicil hereto or to any successor or substitute Executor or Trustee all of the powers enumerated in this will and all of the powers applicable by law to fiduciaries in the Commonwealth of Pennsylvania and in particular through the Pennsylvania Probate, Estates and Fiduciaries Code, as effective and as in effect on the date hereof, during the administration and until the completion of the distribution of my estate, and until the termination of all trusts created in this will or any codicil hereto and until the completion of the distribution of the assets of such trusts. I direct that all such powers shall be construed in the broadest possible manner and shall be exercisable without court authorization. B. In determining the federal estate and income tax liabilities of my estate, my Executor shall have discretion to select the valuation date and to determine whether any or all of the allowable administration expenses in my estate shall be used as federal estate tax deductions or as federal income tax deductions and shall have the discretion to file a joint income tax return with my wife. C. If at any time any trust created hereunder (or any -8- . . share thereof if the trust shall have been divided into shares) shall be of such value that, in the opinion of my Trustee, the administration expense of holding the assets contained therein in trust is not justified, my Trustee, in its absolute discretion, may terminate such trust and distribute the trust property to the person or persons then entitled to receive or have the benefit of the income therefrom or the legal representative of such person. If there is more than one income beneficiary, my Trustee shall make such distribution to such income beneficiaries in the proportion in which they are beneficiaries or if no proportion is designated in equal shares to such beneficiaries. D. My Executor and my Trustee are authorized and empowered to disclaim any interest, in whole or in part, of which I, my Executor, or my Trustee, may be the beneficiary, devisee, or legatee, by executing an appropriate instrument (in accordance with section 2518 of the Internal Revenue Code of 1986, as amended, or such similar section as may then be in effect). E. My Executor and Trustee are authorized and empowered to sell at PUblic or private sale, or exchange, and to encumber or lease, for any period of time, any real or personal property and to give options to buy or lease any such property. Additionally, my Executor and Trustee are authorized and empowered to compromise claims, to borrow from anyone (including a fiduciary hereunder) and to pledge property as security therefor, to make loans to and to buy property from anyone (inCluding a fiduciary -9- . : or beneficiary hereunder); provided that any such loans shall be adequately secured and at a fair interest rate. F. My Executor and Trustee are authorized and empowered to allocate property, charges on property, receipts and income among and between principal or income, or partly to each, without regard to any law defining principal and income. rTEM 9. s~endthrift provision. No interest of any beneficiary under this Will or any COdicil hereto shall be subject to anticipation or to voluntary or involuntary alienation. ITEM 10. simultaneous Death. If my wife shall die under such circumstances as would render it doubtful which of us died first, I direct that my wife shall be conclusively presumed to have survived me. If any other beneficiary named in this will and I should die under such circumstances, then it shall be -10- . : conclusively presumed for the purposes of this will that said beneficiary predeceased me. IN WITNESS WHEREOF, I have executed this 11 page will on the I J. 'jA. day of <Au~'S\-- , 1997. 7 WILLIAM H. GElS (/ ";(SEAL) In our presence the above-named Testator signed this eleven-page document on the date indicated above and declared it to be his willi and now, at his request, in his presence, and in the presence of each other, we sign as witnesses. ~-;2~ ~ witness Residing at: 't S. 1-h6'h $+ . ~\lV1'b~C>UC_' M- n'6l.o , ~ fI1. 7?L[:ur-~ ~ Witness Residing at: d.6 -,dk"'<.u..w.-f... ~ ~L f?d / 7Q.;J-S -11- : SELF-PROVING AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA 55. COUNTY OF ,-,"---- ') A '~ -:~-'" ~,- , /' -',0<, ~I ,I ,c, _,,'" i! ..:~.-., '-:-' .'t.'V,'.1 ~ , \,,',l ~ ::...- '.. ... """"",_ , We, WILLIAM H. GEISEL, and .~- -,' , " ,. l l' . and .'::)&.5<-:-;-.",- /f / ",IJ, I' ~;".-rJt- '--~/ I the Testator and the witnesses, I respectively, whose names are signed to the foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testator signed and executed the instrument as his Last Will and that he had signed willingly (or willingly directed another to sign for him), and that he executed it as his free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testator, signed the will as witness and to the best of his or her knowledge the Testator was at that time 18 years of age or older, of sound mind, and under no constraint or undue influence. ~<C(. ~tness /;J '777. ~<.L~d subscribed, sworn to, and acknowledged before me by William H. GEIS>>L, the Testator, and subscribed and sworn to before me by './ '_ II /1(1-,-, c' ;(~ .j, J>.tI€ J and :::~ ~c,'/~ jfilQ brf'J'__ wi tnesses, this ;.,;J7"''aay of f/;:-;;:;/A,Lf{/t Notary Publ~c ~ NOTARIAL SEAL ,=AM!O~,;:\,Y\'.9U:'5',I'l~!ubIlc r ~/ Register of Wills of Estate of William H. Geisel County, Pennsylvania No. 2002 - 07.1 6n also known as Date of Death 12/08/2002 Deceased Social Security No. 206 -10 - 863 7 Manufacturers and Traders Trust Company., Successor to Allfirst Trust Company of PA, NA and Elizabeth R. Geisel Personal Representative(s) of the above Estate, deceased, verify that the items appearing in the following Inventory include all of the personal assets wherever situate and all of the real estate in the Commonwealth of Pennsylvania of said Decedent, that the valuation placed opposite each item of said Inventory represents its fair value as of the date of the Decedent's death, and that Decedent owned no real estate outside of the Commonwealth of Pennsylvania except that which appears in a memorandum at the end of this Inventory. I /VNe verify that the statements made in this Inventory are true and correct. I/We understand that false statements herein are made subject to the penalties of 18 Pa. C.S. Section 4904 relating to unsworn falsification to authorities. Name of Attorney: James Duryea Cameron I.D. No.: 58998 Address: 1325 North Front Street Harrisburg, PA 17102 Telephone: 717/23 6 - 3 755 (See continuation page(s) attached) (Attach additional sheets if necessary) Personal Representativ)'4anufacturers and Traders Trust Co., Successor to lfirst Tr st Co. of PA, NA Signature: B ~ ~ Robe t L. Ke .P &~ Signature: ~~ ,Q~~ Eliz th R. Geisel Address: 213 Market Street Harrisburg, PA 17101 Telephone: 717/255//- 2148 Dated: _ SL.~te~.~~.- S Z,y03 __.__ _.. __. ____._ ,,,,,,,,,,,, ,,,~ ,,,,,,,,,,~„„,~a,~„ ~, reMSylVanld may, aC the eleCtl include the value of each item, but such figures should not be extended into the total of the Inventory. Prepared by the Pennsylvania Bar Association Copyright (c) 1996 form software only CPSystems, Inc. CUMBERLAND INVENTORY or the personal representative, Form #R W-7 (1s92) INVENTORY Estate of: William H. Geisel Date of Death: 12/08/2002 County: Cumberland CASH: Allfirst Bank - Money Market Account #0094325162 Accrued Interest Commonwealth of Pennsylvania - Income Tax Refund Highmark - Pennsylvania Blue Shield - Refund on Premium 2,574.87 0.24 45.00 198.01 2,818.12 STOCKS/LISTED: -------------- 96 shares AT&T Corporation 155 shares AT&T Wireless Services Incorporated 412 shares Bellsouth Corporation 656 shares BP Amoco PLC Sponsored ADR Accrued Dividend 155 shares Comcast Corporation Class A New 216 shares CSX Corp Accrued Dividend 459.172 shares Delaware Group Equity Funds I Balanced Cl A 100.006 shares Delaware Decatur Equity Inc. CL A #001 83 shares Delphi Corporation 60 shares DQE, Inc. 400 shares DuPont DeNemours E.I. Company Accrued Dividend 24 shares DuPont E.I. DeNemours & Co. Pfd $4.5 2,673.36 1,066.79 11,017.91 25,680.76 236.16 3,690.94 6,099.84 21.60 6,336.57 1,393.08 678.53 877.35 17,238.00 140.00 2,026.80 1 Estate of: William H. Geisel Date of Death: 12/08/2002 County: Cumberland 10 shares Duquesne Light Company 4% Preferred 1,442 shares Echo Bay Mines Ltd 16 shares Electronic Data Systems Corp Accrued Dividend 840.936 shares Evergreen Blue Chip Growth C1 A #649 85 shares Exelon Corporation Accrued Interest 264.454 shares Exxon Mobil Corporation Accrued Dividend 110 shares First Energy Corporation 120 shares General Motors Corp Accrued Dividend 18 shares General Motors Corp C1 H 692 shares Harsco Corporation 1,860 shares Hershey Foods Corporation Accrued Dividend 296 shares Lucent Technologies Inc. 2,400 shares Mellon Financial Corporation 21 shares Peco Energy Co. 4.68% Series D Pfd 268 shares PPL Corporation 4 shares PPL Electric Utilities Corp. 4.5~ Pfd 162 shares Qwest Communications International 767 shares SBC Communications Inc 261.67 1,416.77 266.00 2.40 16,625.30 4,308.65 37.40 9,239.89 60.82 3,400.93 4,424.40 60.00 200.07 20,479.74 119,198.10 609.15 449.92 67,260.00 1,466.85 8,697.27 279.40 690.12 19,988.02 2 Estate of: William H. Geisel Date of Death: 12/08/2002 County: Cumberland 9,476.294 shares Vanguard PA Tax Free 109,451.20 Fund Long Term 2,824.183 shares Vanguard Wellington 70 463.37 Fund ##21 Accrued Dividend 621.32 360 shares Verizon Communications 14,110.20 230 shares Vodafone Group PLC New 4 241.20 Spon Adr Accrued Dividend 29 67 432 shares Wyeth 16,162.20 -------------- 573,679.72 BONDS: $1,500 U.S. Savings Bonds 1 480.20 Series EE due 4/01/21 - Date of Dea th Value $12,50 0 U.S. Savings Bonds 12,500.00 Series HH due 2/1/22 $12,50 0 U.S. Savings Bonds 12 500.00 Series HH due 6/1/21 $19,000 U.S. Savings Bonds 19 000.00 Series HH due 2/01/21 $2,000 U.S. Savings Bonds 1 916.80 Series EE due 10/O1/21 - Date of Death Value $4,000 U.S. Savings Bonds 3 612.80 Series EE due 08/01/22 - Date of Death Value $5,000 U.S. Savings Bonds 5 000.00 Series HH due 10/01/04 $5,000 U.S. Savings Bonds 5,000.00 Series HH due 01/01/05 $5,000 U.S. Savings Bonds 5,000.00 Series HH due 12/01/10 $5,000 U.S. Savings Bonds 5,000.00 Series HH due 02/01/06 3 Estate of: William H. Geisel Date of Death: 12/08/2002 County: Cumberland $5,000 U.S. Savings Bonds 5,000.00 Series HH due 04/01/05 $5,000 U.S. Savings Bonds 5,000.00 Series HH due 05/01/06 $5,000 U.S. Savings Bonds 5,000.00 Series HH due 08/01/06 $5,000 U.S. Savings Bonds 5,000.00 Series HH due 09/01/12 $9,000 U.S. Savings Bonds 9,000.00 Series HH due 1/01/20 -------------- 100,009.80 TOTAL RECEIPTS OF PRINCIPAL ---------------- ............... 676,507.64 4 ' ~'/~-//b - 9 COMMONWEALTH OF PENNSYLVANIA BUR AU OF INDIVIDUAL TAXES DEPARTMENT OF REVENUE INHERITANCE TAX DIVISION ~~, DEPT. 2aosol NOTICE OF INHERITANCE TAX HARRISBURG, PA 17128-0601 APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX DATE ESTATE OF DATE OF DEATH FILE NO. COUNTY Robert L. Keck V P 8. T O - ACN 10-29-2003 William H. Geisel 12-8-2002 2102-1160 Cumberland 101 REV-1 b47 EX (12-97) PC Manufactures & Traders Trust Co 213 Market Street Amount Remitted Harrisburg Pa 17101 MAKE CHECK PAYABLE AND REMIT PAYMENT TO: Register of Wills Cumberland County Courthouse Carlisle, PA 17013 CUT ALONG THIS LIN_E____________ ~ _ RETAIN LOWER PORTION FOR YOUR RECORDS a ________________________________ REV-1547 EX (06-97) PC NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF William H. Geisel FILE NO. 2102-1160 ACN 101 DATE 10-29-2003 TAX RETURN WAS: (~) ACCEPTED AS FILED _ (®) CHANGED see attached RESERVATION CONCERNING FUTURE INTEREST -SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (Schedule A) (1) 0.00 NOTE: To insure proper 2. Stocks and Bonds (Schedule B) (2) 673,689.52 credit to your account, 3. Closely Held Stock/Partnership Interest (Schedule C) (3) 0.00 submit the upper portion 4. Mortgages/Notes Receivable (Schedule D) (4) 0.00 of this form with your 5. Cash/Bank Deposits/ Misc. Personal Property (Schedule E) (5) 2,818.12 tax payment. 6. Jointly Owned Property (Schedule F) (6) 0.00 7. Transfers (Schedule G) (7) 0.00 8. Total Assets (8) 676,507.64 APPRO VED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) (9) 51,077.15 10. Debts/Mortgage Liabilities/Liens !Schedule I) (10) 2,489.00 11. Total Deductions (11) 53,566.15 12. Net Value of Tax Return (12) 622,941.49 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13) 0.00 14. Net Value of Estate Subject to Tax (14) 622,941.49 NOTE: If an assessment was issued previously, lines 14, 15 andlor 16, 17 and 18 will reflect figures that include the total of ALL returns assessed to date. ASSES SMENT OF TAX: 15. Amount of Line 14 at Spousal rate (15) 284,924.76 X .00 0.00 16. Amount of Line 14 taxable at Lineal/Class A rate (16) X .045 17. Amount of Line 14 taxable at Sibling rate (17) X .12 18. Amount of Line 14 taxable at Collateral/Class B rate (18) X .15 19. Principal Tax Due (19) 0.00 TAX CREDITS: PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUMBER INTERESTlPEN PAID (-) 1 0.0o TOTAL TAX CREDIT 0.00 BALANCE OF TAX DUE 0.00 INTEREST 0.00 TOTAL DUE ~ 0.00 * IF PAID AFTER DATE INDICATED, SEE REVERSE (IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED. FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A CREDIT (CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) RESERVATION: Estates of decedents dying on or before December 12, 1982 -- if any future interest in the estate is transferred in possession or enjoyment to Class B (collateral) beneficiaries of the decedent after the expiration of any estate for life or for years, the Commonwealth hereby expressly reserves the right to appraise and assess transfer Inheritance Taxes at the lawful Class B (collateral) rate on any such future interest. PURPOSE OF NOTICE: To fulfill the requirements of Section 2140 of the Inheritance and Estate Tax Act, Act 21 of 1995. (72 P.S. Section 9140). PAYMENT: Detach the top portion of this Notice and submit with your payment to the Register of Wills printed on the reverse side. Make check or money order payable to: REGISTER OF WILLS, AGENT. REFUND (CR): A refund of a tax credit, which was not requested on the Tax Return, may be requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax (REV-1313). Applications are available at the Office of the Register of Wills or any of the 23 Revenue District Offices, or by calling the special 24-hour answering service numbers for forms ordering: In Pennsylvania 1-500-362-2050, outside Pennsylvania and v~ithin local Harrisburg area (717) 787-8094, TDD# (717) 772-2252 (Hearing Impaired Only). OBJECTIONS: Any party in interest not satisfied with the appraisement, allowance or disallowance of deductions, or assessment of tax (including discount or interest) as shown on this Notice must object within sixty (60) days of receipt of this Notice by: --written protest to the PA Department of Revenue Board of Appeals, Dept. 281021, Harrisburg, PA 17128-1021, OR --election to have the matter determined at audit of the account of the personal representative OR --appeal to the Orphans' Court. ADMINISTRATIVE CORRECTIONS: Factual errors discovered on this assessment should be addressed in writing to: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Review Unit, Dept. 280601 Harrisburg, PA 17128-0601 Phone (717) 787-6505. See page 3 of the booklet "Instructions for Inheritance Tax Retum for a Resident Decedent" (REV-1501) for an explanation of administratively correctable error:;. DISCOUNT: If any tax due is paid within three (3) calendar months after the decedent's death a five percent (5%) discount of the tax paid is allowed. PENALTY: The 15% tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not paid before January 18,1996, the first day after the end of the tax amnesty period. This non-participation penalty is appealable in the same manner and in the same time period as you would appeal the tax and interest that has been assessed as indicated on this notice. INTEREST: Interest is charged beginning with first day of delinquency, or nine (9) months and one (1) day from the date of death, to the date of payment. Taxes which became delinquent before January 1, 1982 bear interest at the rate of six (6%) percent per annum calculated at a daily rate of .000164. All taxes which became delinquent on and after January 1, 1982 will bear interest at a rate which will vary from calendar year to calendar year with that rate announced by the PA Department of Revenue. The applicable interest rates for 1982 through 2001 are: Interest Daily Interest Daily Interest Daily Year Rate Factor Year Rate Factor Year Rate Factor 1982 20% .000548 1987 9% .000247 1999 7% .000192 1983 16% .000438 1988-1991 11% .000301 2000 8% .000219 1984 11% .000301 1992 9% .000247 2001 9% .000247 1985 13% .000356 1993-1994 7% .000192 2002 6% .000164 1986 10% .000274 1995-1998 9% .000247 2003 5% .000137 -Interest is calculated as follows: INTEREST =BALANCE OF TAX UNPAID X NUMBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15) days beyond the date of the assessment. If payment is made after the interest computation date shown on the Notice, additional interest must be calculated. s REV-1470 EX (6-88) ' ~. INHERITANCE TAX EXPLANATION COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE OF CHANGES BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG PA 17128-0601 DECEDENT'S NAME FILE NUMBER William H. Geisel 2102-1160 REVIEWED BY ACN 101 Harry A. Herr SCHEDULE ITEM EXPLANATION OF CHANGES NO. The tax due on all current interests is reflected on the attached Inheritance Tax Assessment. The tax due on all future interest uncertainties is covered on the attached compromise tax assessment,(ACN 102). Row Page 1 ., COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPARTMENT 280601 HARRISBURG, PA 17128-0601 10-29-2003 Robert L. Keck V P & T O Manufactures & Traders Trust Co 213 Market Street Harrisburg, Pa 17101 Dear Mr. Keck: Telephone 717 783-6070 Re: Estate of William H. Geisel File Number 2102-1160 Date of Death: 12-8-2002 ~, Enclosed is a Notice of Inheritance Tax Appraisement, Allowance or Disallowance of Deductions and Assessment of Tax," (REV-1547 EX), ACN 101 establishing the tax applicable to all present interests in the above estate. Also enclosed is a "Notice of Inheritance Tax Appraisement, Allowance or Disallowance of Deductions and Assessment of Tax," (REV-1547 EX), ACN 102 establishing the tax applicable to future interests where the rate of tax is uncertain. Based on the provisions of the above decedent's Will, Deed of Trust and the information reported on Schedule M by the estate representative, the Department concurs with the estate representative's compromise proposal, and the tax on the future interests have been assessed as shown on the ACN 102 assessment notice. All existing inheritance and/or estate tax payments have been appropriately applied. Any changes which become necessary as a result of a protest decision or an order of court will be reflected in adjustments to both ACN 101 and ACN 102. Please contact me at the telephone number above if you have any questions. Sincerely, ~/ a ~/.~ Ha~~ A. Herr ry Trust Valuation Specialist Inheritance Tax Division Enclosure .~ COMMONWEALTH OF PENNSYLVANIA BUREAU OF INDIVIDUAL TAXES DEPARTMENT OF REVENUE INHERITANCE TAX DIVISION DEPT. 280601 NOTICE OF INHERITANCE TAX HARRISBURG, PA 17128-0601 APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX REV-1547 EX (12-97) PC DATE 10-29-2003 ESTATE OF William H. Geisel DATE OF DEATH 12-8-2002 FILE NO. 2102-1160 COUNTY Cumberland Robert L. Keck V P 8~ T O ACN 102 Manufactures 8~ Traders Trust Co 213 Market Street Amount Remitted Harrisburg Pa 17101 MAKE CHECK PAYABLE AND REMIT PAYMENT TO: Register of Wills Cumberland County Courthouse Carlisle, PA 17013 RETAIN LOWER PORTION FOR YOUR RECORDS a _______ ~ E CUT ALONG THIS LIN _______________ --- _ ____________ _ REV-1547 EX (06-97) PC NOTICE OF INHERITANCE TAX APPRAISEMEtJT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF William H. Geisel FILE NO. 2102-1160 ACN 102 DATE 10-29-2003 TAX RETURN WAS• (^) ACCEPTED AS FILED (^) CHANGED RESERVATION CONCERNING FUTURE INTEREST -SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (Schedule A) (1) 0.00 NOTE: To insure proper 2. Stocks and Bonds (Schedule B) (2) 0.00 credit to your account, 3. Closely Held Stock/Partnership Interest (Schedule C) (3) 0.00 submit the upper portion 4. Mortgages/Notes Receivable (Schedule D) (4) 0.00 of this form with your 5. Cash/Bank Deposits/ Misc. Personal Property (Schedule E) (5) 0.00 tax payment. 6. Jointly Owned Property (Schedule F) (6) 0.00 7. Transfers (Schedule G) (7) 338,016.73 8. Total Assets (8) 338,016.73 APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) (9) 0.00 10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 0.00 11. Total Deductions (11) 0.00 12. Net Value of Tax Return (12) 338,016.73 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13) 0.00 14. Net Value of Estate Subject to Tax (14) 338,016.73 NOTE: If an assessment was issued previously, lines 14, 15 and/or 16, 17 and 18 will reflec t figures that include the total of ALL returns assessed to date. ASSESSMENT OF TAX: 15. Amount of Line 14 at Spousal rate (15) X .00 16. Amount of Line 14 taxable at Lineal/Class A rate (16) 338,016.73 X .045 15,210.75 17. Amount of Line 14 taxable at Sibling rate (17) X .12 18. Amount of Line 14 taxable at Collateral/Class B rate (18) X .15 19. Principal Tax Due (19) 15,210.75 TAX CREDITS: PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID - 3-7-2003 CD002262 760.54(+) 15,000.00 TOTAL TAX CREDIT 15,760.54 BALANCE OF TAX DUE 549.79 CR INTEREST TOTAL DUE * IF PAID AFTER DATE INDICATED, SEE REVERSE (IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED. FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A CREDIT (CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) RESERVATION: Estates of decedents dying on or before December 12, 1982 -- if any future interest in the estate is transferred in possession or enjoyment to Class B (collateral) beneficiaries of the decedent after the expiration of any estate for life or for years, the Commonwealth hereby expressly reserves the right to appraise and assess transfer Inheritance Taxes at the lawful Class 6 (collateral) rate on any such future interest. PURPOSE OF NOTICE: To fulfill the requirements of Section 2140 of the Inheritance and Estate Tax Act, Act 21 of 1995. (72 P.S. Section 9140). PAYMENT: Detach the top portion of this Notice and submit with your payment to the Register of Wills printed on the reverse side. Make check or money order payable to: REGISTER OF WILLS, AGENT. REFUND (CR): A refund of a tax credit, which was not requested on the Tax Return, may be requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax (REV-1313). Applications are available at the Office of the Register of Wills or any of the 23 Revenue District Offices, or by calling the special 24-hour answering service numbers for forms ordering: In Pennsylvania 1-800-362-2050, outside Pennsylvania and within local Harrisburg area (717) 787-8094, TDD# (717) 772-2252 (Hearing Impaired Only). OBJECTIONS: Any party in interest not satisfied with the appraisement, allowance or disallowance of deductions, or assessment of tax (including discount or interest) as shown on this Notice must object within sixty (60) days of receipt of this Notice by: --written protest to the PA Department of Revenue Board of Appeals, Dept. 281021, Harrisburg, PA 17128-1021, OR --election to have the matter determined at audit of the account of the personal representative OR --appeal to the Orphans' Court. ADMINISTRATIVE CORRECTIONS: Factual errors discovered on this assessment should be addressed in writing to: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Review Unit, Dept. 280601 Harrisburg, PA 17128-0601 Phone (717) 787-6505. See page 3 of the booklet "Instructions for Inheritance Tax Retum for a Resident Decedent" (REV-1501) for an explanation of administratively correctable errors. DISCOUNT: If any tax due is paid v~ithin three (3) calendar months after the decedent's death a five percent (5%) discount of the tax paid is allowed. PENALTY: The 15% tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not paid before January 18,1996, the first day after the end of the tax amnesty period. This non-participation penalty is appealable in the same manner and in the same time period as you would appeal the tax and interest that has been assessed as indicated on this notice. INTEREST: Interest is charged beginning v/ith first day of delinquency, or nine (9) months and one (1) day from the date of death, to the date of payment. Taxes which became delinquent before January 1, 1982 bear interest at the rate of six (6%) percent per annum calculated at a daily rate of .000164. All taxes which became delinquent on and after January 1, 1982 will bear interest at a rate which will vary from calendar year to calendar year with that rate announced by the PA Department of Revenue. The applicable interest rates for 1982 through 2001 are: Interest Daily Interest Daily Interest Daily Year Rate Factor Year Rate Factor Year Rate Factor 1982 20% .000548 1987 9% .000247 1999 7% .000192 1983 16% .000438 1988-1991 11% .000301 2000 8% .000219 1984 11% .000301 1992 9% .000247 2001 9% .000247 1985 13% .000356 1993-1994 7% .000192 2002 6% .000164 1986 10% .000274 1995-1998 9% .000247 2003 5% .000137 --Interest is calculated as follows: INTEREST =BALANCE OF TAX UNPAID X NUMBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15) days beyond the date of the assessment. If payment is made after the interest computation date shown on the Notice, additional interest must be calculate=_d. ~?~ ~~O r ~ COMMONWEALTH OF PENNSYLVANIA ~, BUREAU OF INDIVIDUAL TAXES DEPARTMENT OF REVENUE INHERITANCE TAX DIVISION DEPT. 280601 INHERITANCE TAX HARRISBURG, PA I7IZa-Dbo1 STATEMENT O F ACCOUNT REV-1i 07 E% ,FP (31-03) DATE 10-27-2003 ESTATE OF GEISEL WILLIAM H DATE OF DEATH 12-08-2002 FILE NUMBER 21 02-1160 COUNTY CUMBERLAND ROBERT L KECK ACN 101 ALLFIRST TR CO OF PA Amount Remitted 213 MARKET ST HBG PA 17101 MAKE CHECK PAYABLE AND REMIT PAYMENT T0: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 NOTE: To insure proper credit to your account, submit the upper portion of this fora with your tax payeent. CUT ALONG THIS LINE - RETAIN LOWER PORTION FOR YOUR RECORDS ___~______________________ -------------------------------------------------------------- REV-1607 EX AFP (01-03) *** INHERITANCE TAX STATEMENT OF ACCOUNT **~ ESTATE OF GEISEL WILLIAM H FILE N0. 21 02-1160 ACN 101 DATE 10-27-2003 THIS STATEMENT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NAMED ESTATE. SHOWN BELOW IS A SUMMARY OF THE PRINCIPAL TAX DUE, APPLICATION OF ALL PAYMENTS, THE CURRENT BALANCE, AND, IF APPLICABLE, A PROJECTED INTEREST FIGURE. DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 10-20-2003 PRINCIPAL TAX DUE: PAYMENTS (TAX CREDITS): .00 PAYMENT DATE RECEIPT NUMBER DISCOUNT (+) INTEREST/PEN PAID (-) AMOUNT PAID TOTAL TAX CREDiT BALANCE OF TAX DUE INTEREST AND PEN. TOTAL DUE ^ IF PAID AFTER THIS DATE, SEE REVERSE SIDE FOR CALCULATION OF ADDITIONAL INTEREST. ( IF TOTAL DUE IS LESS THAN S1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. ) .00 .00 .00 .00 PAYMENT: Detach the top portion of this Notice and submit with your payment made payable to the name and address printed on the reverse side. -- If RESIDENT DECEDENT make check ar money order payable to: REGISTER OF WILLS, AGENT. -- If NDN-RESIDENT DECEDENT make check or money order payable to: COMMONWEALTH OF PENNSYLVANIA. REFUND (CR): A refund of a tax credit, which was not requested on the Tax Return, may be requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-1313). Applications are available at the Office of the Register of Wills, any of the 23 Revenue District Offices or from the Department's 24-hour answering service for forms ordering: 1-800-362-2050; services for taxpayers with spacial hearing and / ar speaking needs: 1-800-447-3020 (TT only). REPLY T0: Questions regarding errors contained on this notice should be addressed to: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Review Unit, Dept. 280601, Harrisburg, PA 17128-0601, phone (7177 787-6505. DISCOUNT: If any tax due is paid within three (3) calendar months after the decedent's death, a five percent [5%) discount of the tax paid is allowed. PENALTY: The 15% tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not paid before January 18, 1996, the first day after the end of the tax amnesty period. INTEREST: Interest is charged beginning with first day of delinquency, or nine (9) months and one (1) day from the date of death, to the date of payment. Taxes which became delinquent before January 1, 1982 bear interest at the rate of six (6%) percent per annum calculated at a daily rate of .000164. All taxes which became delinquent on and after January 1, 1982 will bear interest at a rate which will vary from calendar year to calendar year with that rate announced by the PA Department of Revenue. The applicable interest rates for 1982 through 2003 are: Interest Daily Interest Daily Interest Daily Year Rate Factor Year Rate Factor Year Rate Factor 1982 20% .000548 1987 9% .000247 1999 7% .000192 1983 16% .000438 1988-1991 11% .000301 2000 8% .000219 1984 11% .000301 1992 9% .000247 2001 9% .000247 1985 13% .000356 1993-1994 7% .000192 2002 6% .000164 1986 10% .000274 1995-1998 9% .000247 2003 5% .000137 --Interest is calculated as follows: INTEREST = BALANCE OF TAX UNPAID X NUNBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen C15) days beyond the date of the assessment. If payment is made after the interest computation date shown on the Notice, additional interest must be calculated. COMMONWEALTH OF PENNSYLVANIA BUREAU OF INDIVIDUAL TAXES DEPARTMENT OF REVENUE ~~/ INHERITANCE TAX DIVISION DEPT. 280601 INHERITANCE TAX HARRISBURG, PA I7IZS-obal STATEMENT 0 F ACCOUNT REV-1607 E% AFP (01-03] DATE 10-27-2003 ESTATE OF GEISEL WILLIAM H DATE OF DEATH 12-08-2002 FILE NUMBER 21 02-1160 COUNTY CUMBERLAND ROBERT L KECK ~ ~ ACN 102 ALLFIRST TR CO OF PA Amount Remitted 213 MARKET ST HBG PA 17101 MAKE CHECK PAYABLE AND REMIT PAYMENT T0: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 NOTE: To insure proper credit to your account, submit the upper portion of this fore with your tax payment. CUT ALONG THIS LINE ______~___ RETAIN LOWER PORTION FOR YOUR RECORDS ___-+~______________________ -------------- ------------------------------------ REV-1607 EX AFP (01-03) *** INHERITANCE TAX STATEMENT OF ACCOUNT *** ESTATE OF GEISEL WILLIAM H FILE N0. 21 02-1160 ACN 102 DATE 10-27-2003 THIS STATEMENT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NAMED ESTATE. SHOWN BELOW IS A SUMMARY OF THE PRINCIPAL TAX DUE, APPLICATION OF ALL PAYMENTS, THE CURRENT BALANCE, AND, IF APPLICABLE, A PROJECTED INTEREST FIGURE. DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 10-20-2003 PRINCIPAL TAX DUE: PAYMENTS (TAX CREDITS): 15,210.75 PAYMENT DATE RECEIPT NUMBER DISCOUNT (+) INTEREST/PEN PAID (-) AMOUNT PAID 03-07-2003 CD002262 760.54 15,000.00 TOTAL TA)C GKC171 ~ BALANCE OF TAX DUE INTEREST AND PEN. * IF PAID AFTER THIS DATE, SEE REVERSE I TOTAL DUE SIDE FOR CALCULATION OF ADDITIONAL INTEREST. ( IF TOTAL DUE IS LESS THAN 51, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. ) 15,760.54 549.79CR .00 549.79CR PAYMENT: Detach the top portion of this Notice and submit with your payment made payable to the name and address printed on the reverse side. -- If RESIDENT DECEDENT make check or money order payable to: REGISTER OF WILLS, AGENT. -- If NON-RESIDENT DECEDENT make check or money order payable to: COMMONWEALTW OF PENNSYLVANIA. REFUND (CR): A refund of a tax credit, which was not requested on the Tax Return, may be requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate lax" (REV-1313). Applications are availahle at the Office of the Register of Wills, any of the 23 Revenue District Offices or from the Department's 24-hour answering service for forms ordering: 1-SOD-362-2050; services for taxpayers with special hearing and / ar speaking needs: 1-800-447-3020 (TT only). REPLY TO: questions regarding errors contained on this notice should be addressed to: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Review Unit, Dept. 280601, Harrisburg, PA 17128-0601, phone (717) 787-6505. DISCOUNT: If any tax due is paid within three (3) calendar months after the decedent's death, a five percent (5%) discount of the tax paid is allowed. PENALTY: The 15% tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not paid hefore January 18, 1996, the first day after the end of the tax amnesty period. INTEREST: Interest is charged beginning with first day of delinquency, or nine (9) months and one (1) day Pram the date of death, to the date of payment. Taxes which became delinquent before January 1, 1982 bear interest at the rate of six [6%) percent per annum calculated at a daily rate of .000164. All taxes which became delinquent on and after January 1, 1982 will bear interest at a rate which will vary from calendar year to calendar year with that rate announced by the PA Department of Revenue. The applicable interest rates for 1982 through 2003 are: Interest Daily Interest Daily Interest Daily Year Rate Factor Year Rate Factor Year Rate Factor 1982 20% .000548 1987 9% .OOD247 1999 7% .000192 1983 16% .ODD438 1988-1991 11% .000301 2000 8% .000219 1984 11% .000301 1992 9% .000247 2001 9% .000247 1985 13% .000356 1993-1994 7% .000192 2002 6% .000164 1986 10% .000274 1995-1998 9% .000247 2003 5% .000137 --Interest is calculated as follows: INTEREST = BALANCE OF TAX UNPAID X NUMBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15) days beyond the date of the assessment. If payment is made after the interest computation date shown on the Notice, additional interest must be calculated. BUREAU OF INDIVIDUAL TAXES COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX BIVISION DEPARTMENT OF REVENUE DEPT. 280601 NOTICE OF DETERMINATION AND HARRISBURG, PA 17128-0661 ASSESSMENT OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL ESTATE TAX RETURN REV-483 EX ~FP (01-03) DATE 11-03-2003 ESTATE OF GEISEL WILLIAM H DATE OF DEATH 12-08-2002 FILE NUMBER 21 02-1160 COUNTY CUMBERLAND ROBERT L KECK ACN 201 ALLFIRST TR CO OF PA 213 MARKET ST Amount Remitted HBG PA 17101 MAKE CHECK PAYABLE AND REMIT PAYMENT T0: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 NOTE: To insure proper credit to your account, submit the upper portion of this fore with your tax payment. CUT ALONG THIS LINE - RETAIN LOWER PORTION FOR YOUR FILES __~____ --------- ------------------------------------------------- --------- -- ---------------- REV-483 EX AFP (01-03) ~~ NOTICE OF DETERMINATION AND ASSESSMENT -------------- OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL ESTATE TAX RETURN ~(* ESTATE OF GEISEL WILLIAM H FILE N0.21 02-1160 ACN 201 DATE 11-03-2003 ESTATE TAX DETERMINATION 1. Credit For State Death Taxes as Verified 2. Pennsylvania Inheritance Tax Assessed (Excluding Discount and/or Interest) 3. Inheritance Tax Assessed by Other States or Territories of the United States (Excluding Discount and/or Interest) 4. Total Inheritance Tax Assessed 5. Pennsylvania Estate Tax Due TAX CREDITS: 14,450.21 .00 5,634.30 14,450.21 .00 PAYMENT DATE RECEIPT NUMBER DISCOUNT (+) INTEREST/PEN PAID (-) AMOUNT PAID TOTAL TAX CREDIT .DO BALANCE OF TAX DUE .00 INTEREST AND PEN. .00 TOTAL DUE .00 ^IF PAID AFTER THIS DATE, SEE REVERSE SIDE (IF TOTAL DUE IS LESS THAN S1, NO PAYMENT IS REQUIRED FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) PURPOSE OF NOTICE: To fulfill the requirements of Section 2140 Cbl of the Inheritance and Estate Tax Act, Act 23 of 2000. (72 P.S. Section 9140). PAYMENT: Detach the top portion of this Notice and submit with your payment to the Register of Wills printed on the reverse side. -- Make check or money order payable to: REGISTER OF NILLS, AGENT. REFUND (CRI: A refund of a tax credit may be requested by completing an ^Application for Refund of Pennsylvania Inheritance and Estate Tax^ (REV-13137. Applications are available at the Office of the Register of Wills, any of the 23 Revenue District Offices or from the Department's 24-hour answering service far forms ordering: 1-800-362-2050; services for taxpayers with special hearing and / or speaking needs: 1-800-447-3020 CTT only]. 08JECTIONS: Any party in interest not satisfied with the assessment of tax as shown on this notice may object within sixty (60) days of receipt of this Notice by: --written protest to the PA Department of Revenue, Board of Appeals, Dept. 281021, Harrisburg, PA 17128-1021, OR --electing to have the matter determined at audit of the personal representative, OR --appeal to the Orphans' Court. ADMIN- ISTRATIVE CORRECTIONS: Factual errors discovered on this assessment should be addressed in writing to: PA Department of Revenue, Bureau of Individual Texas, ATTN: Post Assessment Review Unit, Dept. 280601, Harrisburg, PA 17128-0601, Phone (7177 787-6505. See page 5 of the booklet ^Instructions for Inheritance Tax Return far a Resident Oecedent^ (REV-1501) for an explanation of administratively correctable errors. PENALTY: The 15% tax amnesty non participation penalty is computed an the total of the tax and interest assessed, and net paid before January 18, 1996, the first day after the end of the tax amnesty period. This non-participation penalty is appealable in the same manner and in the the same tine pericd as you would appeal the tax and interest that has been assessed as indicated on this notice. INTEREST: For dates of death on or after 10-3-91, Pennsylvania Estate Tax based on the Federal Estate Tax return becomes delinquent at the expiration of nine (D9) months from the date of death. For dates of death prior tc 10-3-91, Pennsylvania Estate Tax based on the Federal Estate Tax return becomes delinquent at the expiration of eighteen (18) months from the date of death. Taxes which became delinquent before January 1, 1982 bear interest at the rate of six (6%) percent per annum calculated at a daily rate of .000164. All taxes which became delinquent on or after January 1, 1982 will bear interest at a rate which will vary from calendar year to calendar year with that rate announced by the PA Department of Revenue. The applicable interest rates for 1982 through 2003 are: Interest Daily Interest Daily Interest Daily Year Rate Factor Year Rate Factor Year Rate Factor 1982 20% .000548 1987 9% .000247 1999 7% .000192 1983 16% .000438 1988-1991 11% .000301 2000 8% .D00219 1984 11% .000301 1992 9% .000247 2001 9% .OOD247 1985 13% .000356 1993-1994 7% .OD0192 2002 6% .000164 1986 10% .000274 1995-1998 9% .000247 2003 5% .000137 --Interest is calculated as follows: INTEREST = BALANCE OF TAX UNPAID X NUMBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen C15) days beyond the date of the assessment. If payment is made after the interest computation date shown an the Notice, additional interest must be calculated. REV-!470 EX (6-88) INHERITANCE TAX COMMONWEALTH OF PENNSYLVANIA EXPLANATION DEPARTMENT OF REVENUE OF CHANGES BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG PA 17128-0601 DECEDENTS NAME FILE NUMBER Geisel, William H. 2102-1160 REVIEWED BY ACN Department of Revenue 201 ITEM SCHEDULE NO. EXPLANATION OF CHANGES The maximum "State Death Tax Credit' has been recalculated according to the revisions to the Pennsylvania Estate Tax as revised by ACT 89 of 2002. This revision is effective for decedents dying on or after July 1, 2002. Row Page 1 ~~ ~~o _ Jc BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION DEPT. 280601 HARRISBURG, PA 17128-0601 ROBERT L KECK ALLFIRST TR CO OF PA 213 MARKET ST HBG PA 17101 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE INHERITANCE TAX STATEMENT OF ACCOUNT REV-1607 EX RFP (O1-OS) ATE 11-24-2003 ESTATE OF GEISEL WILLIAM H DATE OF DEATH 12-08-2002 FILE NUMBER 21 02-1160 COUNTY CUMBERLAND ACN 102 Amount Remitted MAKE CHECK PAYABLE AND REMIT PAYMENT T0: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 NOTE: To insure proper credit to your account, submit the upper portion of this fora with your tax payment. CUT ALONG THIS LINE - RETAIN LOWER PORTION FOR YOUR RECORDS -~ ---------------------------------------------------------------------------------------------------------------- REV-1607 EX AFP (01-03) ~~* INHERITANCE TAX STATEMENT OF ACCOUNT ~~(~ ESTATE OF GEISEL WILLIAM H FILE N0. 21 02-1160 ACN 102 DATE 11-24-2003 THIS STATEMENT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NAMED ESTATE. SHOWN BELOW IS A SUMMARY OF THE PRINCIPAL TAX DUE, APPLICATION OF ALL PAYMENTS, THE CURRENT BALANCE, AND, IF APPLICABLE, A PROJECTED INTEREST FIGURE. DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 10-20-2003 PRINCIPAL TAX DUE: PAYMENTS CTAX CREDITS): 15,210.75 PAYMENT DATE RECEIPT NUMBER DISCOUNT (+) INTEREST/PEN PAID C-) AMOUNT PAID 03-07-2003 CD002262 760.54 15,000.00 11-05-2003 REFUND .00 549.79- TOTAL TAX CREDIT BALANCE OF TAX DUE INTEREST AND PEN. ^ IF PAID AFTER THIS DATE, SEE REVERSE I TOTAL DUE SIDE FOR CALCULATION OF ADDITIONAL INTEREST. ( IF TOTAL DUE IS LESS THAN S1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. ) 15,210.75 .00 .00 .00 PAYMENT: Detach the tap portion of this Notice and submit with your payment made payable to the name and address printed on the reverse side. -- If RESIDENT DECEDENT make check or money order payable to: REGISTER OF WILLS, AGENT. -- If NON-RESIDENT DECEDENT make check or money order payable to: COMMONWEALTH OF PENNSYLVANIA. REFUND (CR): A refund of a tax credit, which was not requested on the Tax Return, may be requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-1313). Applications are available at the Office of the Register of Wills, any of the 23 Revenue District Offices or from the Department's 24-hour answering service far forms ordering: 1-SDO-362-2050; services for taxpayers with special hearing and / or speaking needs: 1-800-447-3020 (TT only). REPLY TO: 9uestians regarding errors contained on this notice should be addressed tc: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Review Unit, Dept. 280601, Harrisburg, PA 17128-0601, phone C717) 787-6505. DISCOUNT: If any tax due is paid within three (3) calendar months after the decedent's death, a five percent CS%) discount of the tax paid is allowed. PENALTY: The 15% tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not paid before January 18, 1996, the first day after the end of the tax amnesty period. INTEREST: Interest is charged beginning with first day of delinquency, or nine (9) months and one (1) day from the date of death, to the date of payment. Taxes which became delinquent before January 1, 1982 bear interest at the rate of six (6%) percent per annum calculated at a daily rate of .000164. All taxes which became delinquent on and after January 1, 1982 will bear interest at a rate which will vary from calendar year to calendar year with that rate announced by the PA Department of Revenue. The applicable interest rates for 1982 through 2003 are: Interest Daily Interest Daily Interest Daily Year Rate Factor Year Rate Factor Year Rate Factor 1982 20% .000548 1987 9% .OD0247 1999 7% .000192 1983 16% .000438 1988-1991 11% .000301 2000 8% .000219 1984 11% .000301 1992 9% .000247 2001 9% .000247 1985 13% .000356 1993-1994 7% .OD0192 2002 6% .000164 1986 10% .000274 1995-1998 9% .000247 2003 5% .000137 --Interest is calculated as follows: INTEREST = BALANCE OF TAX UNPAID X NUMBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15) days beyond the date of the assessment. If payment is made after the interest canputation date shown on the Notice, additional interest must 6e calculated. COMMONNEALTH OF PENNSYLVANIA BUREAU OF ZNDIV/DUAL TAXES DEPARTMENT OF REVENUE INHERITANCE TAX DIVISION DEPT. Z80601 NOTXCE OF DETERMINATION AND ,ANNISBURG, PA I?1ZB-.60I ASSESSHENT OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL REV-TS6 EX AFP (01-0~) CLOSING LETTER ~ DATE 05-10-200q ~ ESTATE OF GEISEL WILLIAM H DATE OF DEATH 1Z-O8-ZOOZ FILE NUMBER 21 02-1160 '04 i'i ¥ -7 P.3 : UNTY CUMBERLAND ROBERT L KECK ACN ZOZ ALLFZRST TR CO OF PA Amount Remi~ed 215 MARKET ST ~i HBG PA 1710~~'t~.-::: ; MAKE CHECK PAYADLE AND REMIT PAYMENT TO: REGISTER OF MILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17015 NOTE: To ~nsure proper credi~ ~o your account, submi~ ~he upper por~ion of ~his form wi~h your ~ax payment. CUT ALONG THIS LINE ~ RETAIN LONER PORTION FOR YOUR FILES REV-736 EX AFP (01-02) ~ NOTICE OF DETERMINATION AND ASSESSMENT OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL CLOSING LETTER ESTATE OF GEZSEL NZLLZAM H FILE N0.21 02-1160 ACN 202 DATE 05-10-200q ESTATE TAX DETERMINATION 1. Cred~ For S~a~e Death Taxes as Verified .00 Z. Pennsylvania Inheritance Tax Assessed 1q,qSO.Z1 (Excluding Discount and/or Interest) $. Inher/tance Tax Assessed by Other States .00 or Territor/es of the Un/ted S~ates (Excludlng D/scount and/or Interest) q. Total Inheritance Tax Assessed 1q~q50.21 5. Pennsylvania Estate Tax Due .00 6. Amount of Pennsylvan/a Estate Tax Previously Assessed Based on Federal Estate Tax Return .00 7. Additional Pennsylvania Es~a~e Tax Due .00 TAX CREDITS: PAYMENT RECEIPT DISCOUNT C+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) TOTAL TAX CREDIT .00 BALANCE OF TAX DUEI .00 I INTEREST AND PEN. .00 TOTAL DUE .00 ~ZF PAID AFTER THIS DATE, SEE REVERSE SIDE (IF TOTAL DUE TS LESS THAN $1, NO PAYMENT ZS REQUIRED FOR CALCULATTON OF ADDITIONAL TNTEREST. ZF TOTAL DUE ZS REFLECTED AS A "CREDIT" (CR), YOU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) PURPOSE OF NOTICE: To fulfill the requirements of Section Il40 of the Inheritance and Estate Tax Act, Act Z$ of ZOO0. (72 P.S. Section 9140). PAYMENT: Detach the top portion of this Notice and submit with your payment to the Register of #ills printed on the reverse side. -- Make check ar Boney order payable to: RE~[STBR OF H[CCS~ AGENT. REFUND (CR).' A refund of a tax credit may ba requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-1313). Applications ara available at the Office of the Register of Nills, any of the 23 Revenue District Offices or from the Department's Z0`-hour answering service for forms ordering: l-BO0-362-ZOSO; services for taxpayers with special hearing and/or speaking needs= 1-&00-0`0`7-5020 (TT only). OBJECTIONS: Any party in interest not satisfied with the assessment of tax as shown on this notice may object within sixty (60) days of receipt nf this Notice by: --written protest tn the PA Department of Revenue, Board of Appeals, Dept. Z810Z1, Harrisburgt PA 1712B-1021, OR --electing to have the matter determined at audit of the personal representative, OR --appeal to the Orphans' Court ADNIN- ISTRATIVE CORRECTIONS: Factual errors discovered on this assessment should be addressed in writing to: PA Department of Revenue, Bureau of Individual Taxes, ATTM: Post Assessment Review Unit, Dept. lB0601, Harrisburgt PA 17IZB-060i, Phone (717) 787-6505. Sea page S of the booklet "Instructions for Inheritance Tax Return for a Resident Decedent" (REV-1501) for an explanation of administratively correctable errors. PENALTY: The 157. tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not paid before January lB, 1996, the first day after the and of the tax amnesty period. This non-participation penalty is appealable in the same manner and in the the sase time period as you would appeal the tax and interest that has been assessed as indicated on this notice. TNTEREST: Additional Pennsylvania Estate Tax assessed as a result of a change on the Federal Estate Tax closing latter becomes delinquent at the expiration of one (1) month from the date the final notice cf the increase in Federal Estate Tax is received. Taxes which became delinquent before January l, 1982 bear interest at the rate of six (67.) percent per annum calculated at a daily rate of .000160`. All taxes which became delinquent on or after January l, 1982 will bear interest at a rate ~hich mill vary free calendar year to calendar year ~ith that rate announced by the PA Department of Revenue. The applicable interest rates for 1952 through 2000` are: Interest Daily Interest Daily Interest Daily Yaa.___r Rate Factor Yaa__r Rate Factor Yaa__r Rate Factor 1982 lOX .00050`8 1988-1991 llX .O00$Ol ZOO1 9Z .00020`7 1983 162 .0000`36 1992 92 .00020`7 ZOOZ 62 .000160` 1960, IIX .000301 1993-1990` 72 .000192 2003 57. .000137 1985 132 .O00~r;6 1995-1998 97. .00020,7 2000` 0`7. .OOOX09 1986 lOX .000270` 1999 72 .000192 1987 92 .0002~7 ZOO0 82 .000219 --Interest is calculatad as follows: INTEREST = BALANCE OF TAX UNPAID X NUNBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (1S) days beyond the date of the assessment. If payment is made after the interest computation date shown on the Notice, additional interest must be calculated. Cumberland County - Register Of Wills Hanover and High Street Carlisle, PA 17013 Phone: (717) 240-6345 Date: 11/10/2004 ALLF!RST TRUST CO OF PA NA P O BOX 2961 HARRISBURG, PA 17105-2961 RE: Estate of GEISEL WILLIAM H File Number: 2002-01160 Dear Sir/Madam: It has come to my attention that you have not filed the Status Report by Personal Representative (Rule 6.12) in the above captioned estate. As per the AMENDMENTS TO SUPREME COURT ORPHANS' COURT RULES, NO. 103 SUPREME COURT RULES DOCKET NO. 1, for decedents dying on or after July 1, 1992, the personal representative or his counsel, within two (2) years of the decedent's death, shall file with the Register of Wills a Status Report of completed or uncom'pleted administration. This filing will become delinquent on: 12/08/2004 Your prompt attention to this matter will be appreciated. Thank You. Sincerely, GLENDA FARNER STP~ASBAUGH REGISTER OF WILLS cc: File Counsel Judge C.i ~i~~. STATUS REPORT UNDER RULE 6 12 Name of Decedent: William H. Geisel Date of Death: December 8, 2002 0 Will No. 21-02-116~C Admin No. Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 1. State whether administration of the estate is complete: Yes X No 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: n/a 3. If the answer to No. 1 is Yes, state the following: a. Did the personal representative file a final account with the Court? Yes No X b. The separate Orphans' Court No. (if any) for the personal representative's account is: n/a c. Did the personal representative state an account informally to the parties in interest? Yes ~_ No d. Copies of receipts, releases, joinders and approvals of formal or informal accounts may be filed with the Clerk of the Orphans' Court and may be attached to this rcnnrt_ Date: 05/19/04 -..' _ i ~' '1. ~(?17L 236-3755 Telephone Capacity: Personal Representative X Counsel for Personal Representative Name 1325 North Front Street Harrisburg,, PA 17102 Address STATUS REPORT UNDER RULE 6.12 Name of Decedent: William H Geisel Date of Death: 12/8/02 Will No. 2002-01160 Admin. No. 2002-01160 Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 1. State whether administration of the estate is complete: Yes X No 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: 3. If the answer to No. 1 is Yes, state the following: a. Did the personal representative file a final account with the Court? Yes X No b. The separate Orphans' Court No. (if any) for the personal representative's account is: c. Did the personal representative state an account informally to the parties in interest? Yes X No d. Copies of receipts, releases, j oinders and approvals of formal or informal accounts may be filed with the Clerk of the Orphans' Court and may be attached to this report. Robert Keck VP & TO Manufacturers and Traders Trust Co. Name 213 Market St. Harrisburg PA 17101 Address _(717) 255-2174 Tel.No. 'i Capacity: X Personal Representative __ Counsel for personal representative