HomeMy WebLinkAbout02-0138PETITION FOR PROBATE and GRANT OF LETTERS
Estate of BARBARA R. HOLLAND No. 21-02-138
also known as To:
Social Security No. 1 § 9 - 2 4 - 7 ~ 7 0Deceased'
The petition of the undersigned respectfully represents that:
Your petitioner(s), who is/are 18 years of age or older an the execut
in the last wilt of the above decedent, dated November
and codicil(s) dated
Register of Wills for the
County of CUMBERLAND
Commonwealth of Pennsylvania
in the
or named
20, 2000
)
(state relevant circumstances, e.g. renunciation, death of executor, etc.)
Decendent was domiciled at death in Cumberland County, Pennsylvania, with
k er last family or principal residence at 103 Ridqewood Drive
Bor'ouqh of Camp Hill
(list street, number and muncipality)
Decendent, then 73 years of age, died January 20, 2002,
at 102 Ridqewood Drive, Camp Hill, PA '
Except as follows, decedent did not marry, was not divorced and did not have a child born or adopted
after execution of the will offered for probate; was not the victim of a killing and was never adjudicated
incompetent:
Decendent at death owned property with estimated values as follows:
(If domiciled i.n Pa.) Ali personal property $
(If not domiciled in Pa.) Personal property in Pennsylvania $
(If not domiciled in Pa.) Personal property in County $
Value of real estate in Pennsylvania $
situated, as follows:
270,000.00
None
WHEREFORE, petitioner(s) respectfully requ_est(s) the p.robate of the last will and codicil(s)
pre~ented herewith and the grant of letters. Testamentary
theron. (testamentary; administration c.t.a.; administration d.b.n.c.t.a.)
Mervin G. Holland, Jr,
102 Ridgewood Drive
OATH OF PERSONAL REPRESENTATIVE
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
The petitioner(s) above-named swear(s) or affirm(s) that the statements in the foregoing petition are
true and correct to the best of the k~iowledge and belief of petitioner(s) and that as personal represen-
tative(s) of the above decedent petitioner(s) will well and truly administer the estate aa~ording to law.
Sworn to or affirmed and subscribed ~-
.before me this 7th day of | Mervin G. Hol±anO, J~'.
\ VEBRUAR¥.~ ~.. ~/0 0 2 J
NO. 21-02-138
Estate of BARBARA R. HOLLAND
, Deceased
DECREE OF PROBATE AND GRANT OF LETTERS
FEBRUARY 7
AND NOW
the reverse side hereof, satisfactory proof having been presented before me,
IT IS DECREED that the instrument(s) dated November 20, 2000
described therein be admitted to probate and filed of record as the last will of
Barbara R. Holland
and Letters Testamentary
2002, in consideration of the petition on
are hereby granted to
Mervin G. HOlland, Jr.
FEES
Probate, Letters, Etc .......... $. 270
Short Certificates( ) $ 9
x-nages .......... i5.
Ren~nc~ation ................ $.
JCP $ 5
TOTAL . $ 299.00
Filed ...................................
Richard W. Stewart (18039)
Johnson, Duffiek Stewart & Weidner
ATTORNEY (Sup. Ct. I.D. No.)
301 Market St., P. O. Box 109
Lemoyne, PA 17043-0109
ADDRESS
(717) 761-4540
PHONE
90: Zd
L-~J
his is to certify that the information here given is correctly copied from an original certificate of death duly filed with me as
Local Registrar. The original certificate will be forwarded to the State Vital Records Office for permanent filing.
WARNING: It is illegal to duplicate this copy by photostat or photograph.
Fee for this certificate, $2.00
P 8028350
No.
21-02-138
Local Registrar
JAN 2 2 2007
Date
43 Rev. 2/87
COMMONWEALTH OF PENNSYLVANIA · DEPARTMENT OF HEALTH · VITAL RECORDS
CERTIFICATE OF DEATH
STATE FILE NUMBER
NAME OF DECEDENT (Frst M~e. La.l)
,- ~ra R. ~ll~d Fa.Finale ~159 -- 24 ~ 7570 *. J~ua~ 20,2002
~. ~rl~d ~.~ Hill ,. 102 ~dg~ Drive ,~'~0"--'~' ,,. ~ite
~cE~m's usu~ ~cup~
Hous~ife~"~':~'~'l ,,. ~ ~ ~ c~ o~,~)
~CEDENT'S MAILING ~ESS (~rM.C~n, ~e, Z~C~) I~CE~NT'SACTUAL 171. ~t. Pa o~ 17G.~ ~.~
102 ~dge~ ~ive
,,. ~ ~, Pa 17011
~,..~ ~ Hill
,.. S.Wayne Rineard
INFORMANT'S NAME (Type/Pr~l)
~,. Mervin Holland
P, AS SUCH
WAS AN AUTOPSY
PERFORMED?
[]12'b- January 24,2002
~,,. 102 Ridge'wood Drive Camp H-i 11, Pa 17011
2,c. Roll~n9 Green Cemetery I"d. Camp Hill, Pa 17011
U DuE To(°~ A f.9"~OUENCE 0~:
DUE TO (OR AS A CONSEQUENCE OF):
DUE ~O (OR AS A CONSEQUENCE OF):
NAME~I~IOADORE~OFFACIUTY 903 ~ et St
m, Ntvc`r=-.iarnc`r. 5',,nc`"r'a'l .,-.mc, Trtc~af,p Hi~'J[, Pa
.ICEN~ NUME[R ID~D~TE ~IENEO
NAS CASE REFERRED TO MEDICAL EXAMINER/CORONER?
IDATE SIGNED tMonm. Oay. Yew)
NAME ~O ~SS ~ PERSON W~ COMPLIED C~ ~ O~H
011174-00001/11.20.O0/RWS/DCPI111392
OF
BARBARA R. HOLLAND
I, BARBARA R. HOLLAND, of Camp Hill, Cumberland County, Pennsylvania, being of sound
and disposing mind and memory, do make, publish and declare this to be my Last Will and
Testament, hereby revoking all Wills and Codicils by me at any time previously made.
ITEM I: All inheritance, estate and similar taxes becoming due by reason of my death,
except any taxes relating to generation skipping transfers imposed under Chapter 13 of Subtitle B of the
Internal Revenue Code, as amended ("Death Taxes"), whether such Death Taxes shall be payable by my
estate or by any recipient of any property, shall be paid by my Executor out of the property passing under
ITEM IV of this Will as an expense and cost of administration of my estate. My Executor shall have no
duty or obligation to obtain reimbursement for any Death Taxes paid by my Executor, even though paid
with respect to proceeds of insurance or other property not passing under this Will.
ITEM II: I hereby exercise all powers of appointment which I may have at the time of my
death in favor of my Executor, and all property subject to all such powers of appointment shall be
included in my estate and be governed by the provisions of this Will.
ITEM IH: I give and bequeath all of my household furniture and furnishings, automobiles,
books, pictures, jewelry, china, crystal, appliances, silverware, wearing apparel and all other like articles
of household or personal use or adornment to my husband, MERVIN G. HOLLAND, JR. ("My
Husband"), if he survives me. If My Husband does not survive me, I give such articles to my son,
MERVIN G. HOLLAND III, if he survives me, or, if not, to his issue then living, per stirpes.
ITEM IV: I give, devise and bequeath all the rest and residue of my property, real, personal
and mixed, not disposed of in the preceding portions of this Will, to the then Trustee of The Barbara R.
Holland, Trust created by a Trust Agreement dated August 5, 1998, between me, as Settlor, and PNC
Bank, National Association, and Mervin G. Holland, Jr., as Trustees, as amended.
011174-00001/11.20.00/RWS/DCP/111392
ITEM V: No interest in income or principal of my estate shall be subject to attachment,
levy or seizure by any creditor, spouse, assignee or trustee or receiver in bankruptcy of any beneficiary of
my estate prior to the beneficiary's actual receipt thereof. My Executor shall pay over the net income and
the principal to the beneficiaries herein designated, as their interests may appear, without regard to any
attempted anticipation (except as may be specifically provided herein), pledging or assignment by any
beneficiary of my estate and without regard to any claim thereto or attempted levy, attachment, seizure or
other process against said beneficiary.
ITEM VI: In the settlement of my estate, my Executor shall possess, among others, the
following powers to be exercised for the best interests of the beneficiaries:
(a) To retain any investments I may have at my death so long as my Executor may deem
it advisable to my estate so to do without being restricted to so called "legal investments", including stock
in the corporate trustee or its holding company.
(b) To vary investments, when deemed desirable by my Executor, and to invest in such
bonds, stocks, notes, real estate mortgages or other securities or in such other real or personal property as
my Executor shall deem wise, without being restricted to so-called "legal investments", including stock in
the corporate trustee or its holding company.
(c) In order to effect a division of the principal of my estate or for any other purpose,
including any final distribution of my estate, my Executor is authorized to make said divisions or
distributions of the personalty and realty partly or wholly in kind. If such division or distribution is made
in kind, said assets shall be divided or distributed at their respective values on the date or dates of their
division or distribution. In making any division or distribution in kind, my Executor shall divide or
distribute said assets in a manner which will fairly allocate any unrealized appreciation among the
beneficiaries.
(d) To sell either at public or private sale and upon such terms and conditions as my
executor may deem advantageous to my estate, any or all real or personal estate or interest therein owned
by my estate severally or in conjunction with other persons or acquired after my death by my Executor,
and to consummate said sale or sales by sufficient deeds or other instruments to the purchaser or
011174-00001/11.20.00/RWS/DCP/111392
purchasers, conveying a fee simple tide, free and clear of all trust and without obligation or liability of the
purchaser or purchasers to see to the application of the purchase money or to make inquiry into the
validity of said sale or sales; also, to make, execute, acknowledge and deliver any and all deeds,
assignments, options or other writings which may be necessary or desirable in carrying out any of the
powers conferred upon my Executor in this paragraph or elsewhere in this Will.
(e) To mortgage real estate and to make leases of real estate for any term.
(f) To borrow money from any party, including my Executor, to pay indebtedness of
mine or of my estate, expenses of administration, Death Taxes or other taxes.
(g) To pay all costs, Death Taxes or other taxes, expenses and charges in connection with
the administration of my estate, and my Executor shall pay the expenses of my last illness and funeral
expenses.
(h) To vote any shares of stock which form a part of my estate or trust and to otherwise
exercise all the powers incident to the ownership of such stock and to actively manage and operate any
incorporated or unincorporated business, including any joint ventures and partnerships, and to incorporate
any such unincorporated business, with all the rights and powers of any owner thereof.
(i) In the discretion of my Executor to unite with any other owners of similar property in
carrying out any plans for the reorganization of any corporation or company whose securities form a part
of my estate.
(j) To assign to and hold in my estate an undivided portion of any asset.
(k) To hold investments in the name of a nominee.
(1) To compromise controversies.
ITEM VII: In the settlement of my estate:
011174-00001/11.20.00/RWS/DCP/111392
(a) My Executor shall not be personally liable for any loss to my estate or to any
beneficiary of my estate resulting from an election made in good faith to claim a deduction as an income
tax deduction or as an estate tax deduction.
(b) In valuing property in my gross estate for the purposes of any Death Tax, my
Executor shall not be personally liable for any loss to my estate or to any beneficiary of my estate
resulting from my executor's decision made in good faith to use a particular valuation date.
ITEM VIII: If at any time any minor shall be entitled to receive any assets free of trust by
reason of my death, whether payable hereunder, by operation of law or otherwise, I appoint PNC BANK,
NATIONAL ASSOCIATION, as Guardian of such assets authorized by law payable to such minor. The
Guardian may receive, administer and shall have full authority to use such assets, both principal and
income, in any manner the Guardian shall deem advisable for the best interests of the minor, including
college, university, graduate or other education, without securing a court order. The Guardian shall have
all the rights and privileges in its capacity as Guardian as are herein granted to my Executor as to my
estate.
ITEM IX: I hereby appoint my husband, MERVIN G. HOLLAND JR., as Executor of this
Will. If for any reason my husband, Mervin G. Holland Jr., should fail or cease to act, I appoint my son,
MERVIN G. HOLLAND, III, to act as Executor. If for any reason both my husband and my son should
fail or cease to act, PNC BANK, NATIONAL ASSOCIATION, shall act as Executor. All references in
this Will to my "Executor" shall refer to my originally named Executor and to my successor Executor, as
the case may be.
ITEM X: The Guardian and Executor shall qualify and serve without the duty or obligation
of filing any bond or other security. Any corporate fiduciary shall be entitled to compensation for
services in accordance with the standard schedule of fees in effect when the services are rendered.
IN WITNESS WHEREOF, I, BARBARA R. HOLLAND have hereunto set my hand and
seal this ~26ft- day of ~,~OOe,,,j~r ,,," ,2000.
Barbara R. Holland
011174-00001/11.20.00/RWS/DCP/111392
SIGNED, SEALED, PUBLISHED AND DECLARED, by BARBARA R. HOLLAND, the Testatrix above
named, as and for her Last Will and Testament and in the presence of us, who, at her request, in her
presence and in the presence of each other, have subscribed our names as witnesses.
Witness
W,' e
Address
Address
ACKNOWLEDGMENT
COMMONWEALTH OF PENNSYLVANIA :
:SS:
COUNTY OF ~ :
I, Barbara R. Holland, Testatrix, whose name is signed to the foregoing instrument, having been
duly qualified according to law, do hereby acknowledge that I signed and executed the instrument as my
Last Will and Testament; that I signed it willingly; and that I signed it as my free and voluntary act for the
purposes therein expressed.
Barbara R. Holland
day of
Swomto oraffirmed and acknowledgedbeforeme, by Barbara R. Holland, the Testatrix, this~%~'~
.--c~-~ ,2000.
Notary Pu~h~ ~
My commission expires:
(SEAL)
NOTARIAL SEAL
DIANNE LENIG, Notary Public
Lemoyne Borough Cumberland Co.
_My Commission Expires Dec. 21, 2001
011174-00001/11.20.00/RWS/DCP/111392
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF ~
AFFIDAVIT
:
:SS:
We, ~lCk~,.~ fo) 5ffeax,/ and 4¢~-~25 ~ ~Ovf'lr~.~..- , the witnesses whose names
are signed to the foregoing instrument, being duly qualified according to law, do depose and say that we
were present and saw the Testatrix sign and execute the foregoing instrument as her Last Will and
Testament; that she signed willingly and that she executed it as her free and voluntary act for the purposes
therein expressed; that each of us in the hearing and sight of the Testatrix signed the Will as witnesses; and
that to the best of our knowledge, the Testatrix was at that time at least 18 years of age, of sound mind and
under no constraint or undue influence.
Sworn to or affirmed and
subscribed to before me bM ~ ~_%..~. '~tJ~,~"L and
, witnesses, this y of "-t'~.~.,.~ ,2000.
-- Notary
~~ eubli~
My commission expires:
NOTARIAL SEAL
DIANNE LENIG, Notary Public
Lemoyne Borough Cumberland Co.
My Commission Expires Dec. 21,2001
90~gd L- B3J
CERTIFICATION OF NOTICE UNDER RULE 5.6(a)
Name of Decedent:
Date of Death:
Estate No.:
To the Register:
PHYLLIS I. WILKS a/Ua PHYLLIS N. WILKS
January 31,2002
28-02-0138
I certify that notice of the beneficial interest estate administration required by Rule
5.6(a) of the Orphan's Court Rules was served on or mailed to the following beneficiaries
of the above-captioned estate on March o~"7 ,2002.
Name
Jennifer Phyllis Wilks
Julia Wilks Davis
Thomas Bennett Wilks
Gregory Samuel Wilks
Address
7538 North Valley Road, Wells Tannery, PA 16691
18 Bakers Acres, Harrison, MD 04040
12119 Merricks Court, Monrovia, MD 21770
10318 Hansonville Road, Frederick, MD 21702
Notice has now been given to all persons entitled thereto under Rule 5.6(a) except: None
Date: March ~}~ ,2002
Capacity:
i~. i Signature
~v/~AIDIS, SHUFF, FL DSAY
Name James D. Flower, Jr.
Address 26 West High Street
Carlisle, PA 17013
Telephone (717) 243-6222
Personal Representative
x Counsel for Personal Representative
EV.1500 EX
COMMONWEALTH OF
PENNSYLVANIA
DEPARTMENT OF REVENUE
DEPT. 280601
HARRISBURG, PA 17128-060t
REV-1500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
OFFICIAL USE ONLY
FILE NUMBER
21-0 2
COUNTY COOL YEAR
00 138
0
I'~1. Odginal Return
~14. Limited Estate
[X[~ 6. Decedent Died Testate (^tach copy of Will)
[~9, Litigation Proceeds Received
~'12. Supplemental Return
[]4a. Future Interest Compromise (date of daath alta' 12-12-82)
1~17. Decedent Maintained a Living Trust (~ach c~W of Tn~st)
r--] 10. Spousal Poverty Credit (dae o~ daath behveen 12-31-91 and I-1-95)
r'~ 3. Remainder R~tUrn (date ofdaalh pdar to 12-13-82)
~--~ §. Federal Estate Tax Return Required
8. Total Number of Safe Deposit Boxes
i~1 11, Election to tax under Sec. 9113(A) (^t~ sc~ o)
NAME Richard W. Stewart
FIRM NAME (ffApplicabla)
Johnson,
TELEPHONE NUMBER
Duffie, Stewart & Weld
(717) 761-4540
COMPLETE MAILING ADDRESS
301 Market St.
P. O. Box 109
L~noyne, PA 17043-0109
1. Real Estate (Schedule A) (1)
2. Stocks and Bonds (Schedule B) (2)
3. Closely Held Corporation, Partnership or Sote-Propdetorship (3)
4. Mortgages & Notes Receivable (Schedule D) (4)
5. Cash, Bank Deposits & Miscellaneous Personal Property (5)
(Schedule E)
6. Jointly Owned Property (Schedule F) (6)
I----I Separate Billing Requested
7. Inter-Vivos Transfers & Miscellaneous Non-Probata Property (7)
(Schedule G or L)
Total Gross Assets (total Lines 1-7)
Funeral Expenses & Administrative Costs (Schedule H) (9)
Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10)
Total Deductions (tolal Lines 9 & 10)
Net Value of Estate (Line 8 minus Line 11)
9.
10.
11.
12.
13.
Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been
made (Schedule J)
t4. Net Value Subject to Tax (Line 12 minus Line 13) (14) 8 0 8,8 8 1.4 5
-0-
2,035.92
333,142.92
493,609.28
(8)
19,906.67
-0-
(11) 19,906.67
(12) ~08,881.45
(13) - 0 -
i:i: O'FFIC~'~ USE ONLY
828,788.12
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
15. Amount of Line 14 taxable at the spousal tax
808,881.45 x.0 0 -0-
rate. or transfers under Sec. 9116 (a)(1.2) (15)
16. Amount of Line 14 taxable at lineal rate x .0 __ (16) - O -
--O--
17. Amount of Line 14 taxable at sibling rate x .12 (17)
18. Amount of Line 14 taxable at collateral rate x .15 (18) - 0 -
19. Tax Due (19) - O -
, ::~=; ::~"~!BE'SURETOANSWER:~L'QUESTI~N~:ON REVERSE SIDE AND RECHECK MATH
UJ
NUMBER
DECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER
~ HOLLAND, BARBARA R. 159 -- 24 -- 7570
Z
III DATE OF DEATH (MM-DD-YEAR) OF BIRTH (MM-DD-YEAR) THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
U.I 01/20/2002 12/12/1928 REGISTER OF WILLS
ILl (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER
C3 Mervin G. Holland, Jr.
Decedent's Complete Address:
ISTREETADDRESS 102 Rid§ewood Drive
CITY Camp Hill
ISTATE PA
Tax Payments and Credits:
1. Tax Due (Page I Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
IZIP
17011
(1) -0-
3. Interest/Penalty if applicable
D. Interest
E. Penalty
4. If Line' 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT,
Check box on Page I Line 20 to request a refund
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX BUE.
A. Enter the interest on the tax due.
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
Total Credits ( A + B + C ) (2) - 0 -
Total Interest/Penalty ( D + E )
(3)
(4)
(5)
(5A)
(5B)
-0-
Make Check Payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred; .......................................................................................... [] []
b. retain the fight to designate who shall use the property transferred or its income; ............... ~ ............................ [] []
~. retain a reversionary interest; or ................................................................ i ......................................................... [] []
d. receive the promise for life of either payments, benefits or care? ...................................................................... [] []
2. If death occurred after December 12, 1982, did decadent transfer property within one year of death
without receiving adequate consideration? .............................................................................................................. [] []
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? .............. [] [~
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? ...................................................... ~ ................................................................. [] []
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE' RETURN.
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete.
n _,~_ ~_ration of preparer other than the personal representative is based on all informatio~ of which preparer has any knowledge.
SIGNATURE OF PERSON RESPONSIBLE FOR FILINg RETURN
ADDRESS Mervin G. Holland, Jr. ,~ecutor
102 Ridgewood Drive, Ca~p Hill, PA
17011
SIGNATURE OF PREPA~H~/~~TIVE DATE
ADDRESS Richard W. Stewart, Esq.
301 Market St., P. O. Box 109, Lemoyne, PA 17043-0109
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3%
[72 P.S. {9116 (a) (1.1)(i)].
For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. {9116 (a) (1.1) (ii)].
The statute does not exemot a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if
the surviving spouse is the only beneficiary.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent,
or a stepparent of the child is 0% [72 P.S. {9116(a)(1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. {9116(1.2) [72 P.S. {9116(a)(1)].
The tax rate imposed on the net value of transfers to or for the use of the decedenrs 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.
* ('~.97) ~
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE B
STOCKS & BONDS
ESTATE OF
FILE NUMBER
HOLLAND, BARBARA R. 21-02-00138
All property jointly-owned with right of sun/ivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1.
70 Shares of Prudential Common
@ $29.0846 per share
TOTAL (Also enter on Fine 2, Recapitulation)
(If more space is needed, insert additional sheets of the same size)
2,035.92
$ 2,035.92
REV-Iff~8 EX + (1-97} ~
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
HOLLAND, BARBARA R.
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
FILE NUMBER
21-02-00138
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 VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1.
The Vanguard Group - Investment Account
various investments.
Date of death value
The Prudential Insurance Company
Policy No. 19 042 147
Insured:~ Mervin G. Holland, Jr.
Policyowner: Barbara Holland
Date of death value -
Provident Mutual Life Insurance Company
Policy No. 4062825
Insured: Mervin G. Holland, Jr.
Policyowner: Barbara R. Holland
Date of death value -
Provident Mutual Life Insurance Company
Policy No. 2411716
Insured: Mervin G. Holland, Jr.
Policyowner: Barbara R. Holland
Date of death value -
TOTAL (Also enter on line 5, Recapitulation)
271,987.91
7,730.00
37,845.54
15,579.47
333,142.92
(If more space is needed, insert additional sheets of the same size)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
HOLLAND,
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC, NON-PROBATE PROPERTY
BARBARA R.
FILENUMBEE
21-02-00138
This schedule must be completed and filed if the answer to any of ques~ens I through 4 on the reverse side of the REV-1500 COVER SHEET is ,es.
DESCRIPTION OF PROPERTY % OF
~.uD~ ~,~.~ o; 7,~v..a=E~'~a. ~-~o.a'a, TO ~c~e~r~s ~ o;'m~ DATE OF DEATH DECD'S EXCLUSION TAXABLE VALUE
ITEM ATTACHACOPY OF THE DEED F~m.~- £s~^~. VALUE OF ASSET INTEREST ,~,~'ucAa. E) _
NUMBER
1, The Vanguard Group - Retirement
Account ·
Beneficiary:
Mervin G. Holland, Jr., husband
Date of death value 26,431.81
2. The Barbara R. Holland Revocable
Trust dated August 5, 1998
Mervin G. Holland, Jr. and
PNC Bank, NA, Trustees
Date of death value ~467,177.47
(Copy of Trust Instrument and First
Amendment to the Trust attached)
TOTAL (Als0 enter 0n line 7, Recapitulation) $ 493,609.28
(If more space is needed, insert additional sheets of the same size)
REVOCABLE AGREEMENT OF TRUST
"The Barbara R. Holland Revocable Trust"
THIS REVOCABLE AGREEMENT OF TRUST ("Agreement") is made and entered into this.~ day of
1~ o~,~ ~ ~, 1998, by and between BARBARA R. HOLLAND, of Cumberland County, Pennsylvania (the "Settlor");
and MEP,.VIN G. HOLLAND, JR., of Cumberland County, Pennsylvania and PNC BANK, NATIONAL
· ASSOCIATION, a banking corporation with an office located in Cumberland County, Pennsylvania (collectively the
"Trustees").
WITNESSETH:
WHEREAS, Settlor has transferred to Trustees all of the property set forth in Schedule "A" attached hereto.
NOW, THEREFORE, for and in consideration of their mutual covenants and promises, the parties agree as
follows:
ARTICLE I
Trust Assets
The Settlor, or any other party or person, may l~om time to time make additional policies of insurance on his
life, individual retirement account benefits, and/or qualified or nonqualified retirement plan benefit payable to the
Trustees, or may transfer other assets to the Trustees, subject to the terms of this Agreement, by inter vivos grant or
by Will. The trust assets shall include the proceeds of all insurance policies payable to the Trustees (collectively
hereinafter called the "Policies"), and all such other benefits or added assets (collectively the "Trust Assets"), which
shall be held, administered, distributed and governed by the Trustees, IN TRUST NEVERTHELESS, in accordance
with the provisions of this Agreement and any amendments hereto.
ARTICLE II
During the Settlor's Lifetime
During the Settlor's lifetime, the Trustees shall have, hold, manage, invest and reinvest the Trust Assets, collect
the income, and pay or apply the entire net income as the Settlor may from time to time direct in writing. The
Trustees shall also pay to the Settlor such sums from or portions of the principal of the trust as the Settlor may from
011'~7~,-O0001/8.~3.98/RW~/DCP/111393
time to time request in writing delivered to the Trustees during the Settlor's lifetime. In addition, the Trustees are
authorized and directed to pay and use such portion or all of the income and/or principal of the Trust Assets as the
Trustees, in their sole discretion, shall deem necessary from time to time to provide for the proper maintenance,
support, medical, hospital, nursing or nursing home care of the Settlor. The Trustees at all times shall have the-power
to pay either from the principal or income of the Trust Assets any outstanding bills or obligation, owing by the
Settlor.
ARTICLE 111
· Upon the Settlor's Depth
Upon the death qfthe Settlor, the Trustees shall divide and distribute the Trust Assets as follows:
(A) The Trustees shall distribute the sum of Twenty Thousand ($20,000.00) Dollars to each of the following of
Settlor's nieces as are then living: Carol Flickinger, Nancy Surridge and Paula Reiters
CB) The Trustees shall distribute the sum of Ten Thousand ($10,000.00) Dollars to the Settlor's grandniece,
Juliann Reiters, if she is then living.
(C) The Trustees shall place in Trust A (also herein referred to as the "Unified Credit Trusts) an amount equal
to: (i) the balance of the dollar amount not taxed in the Settlor's estate due to the application to the Settlor's estate of
the unified credit for federal estate tax purposes (the "exemption equivalent") after talcing into account the value, for
federal estate tax purposes, of other transfers of the Settlor either during lifetime or at death which utilized or which
will utilize a portion of the Settlor's unified credit against federal gift and estate taxes, and (ii) the state death tax
credit allowed for federal estate tax purposes (but only to the extent its use will not increase any death taxes owing by
the Settlor's estate), IN TRUST NEVERTHELESS, to be held, administered and disposed of in accordance with the
provisions of ARTICLE IV hereof
(D) If the Settlor's husband, MERVIN G. HOLLAND, JR., (the "Settlor's Husband), predeceases the Settlor
the Trustees shall distribute the sum of ONE HUNDRED THOUSAND DOLLARS ($100,000.00) to HOMELAND
CENTER, now of 1901 North Fifth Street, Harrisburg, Pennsylvania.
(E) The Trustees shall distribute such of the Trust Assets as shall not have been distributed under the
preceding subparagraphs CB) (C) and CD) to the Settlor's Husband, if he is then living. If the Settlor's Husband is not
then living, then to the Settlor's son, MEKVIN G HOLLAND III, if he is then living, or, if not, to his issue then
2
0111,74-O000118.3.98/RWSIDCPI111393
living, per stirpes if the Settlor's son, Mervin G. Holland Ill, is not then living and does not leave issue then living, all
such assets shall be distributed in accordance with ARTICLE V hereof.
ARTICLE
Trust A
The Unified Credit Trust
The Trustees shall have, hold, manage, invest and reinvest the assets of Trust A, collect the income and
(A) If the Settlor's Husband survives the Settlor, then beginning at the Settlor's death, the Trustees shall pay
over to the Settlor's Husband during her lifetime the net income of Trust A in quarterly installments and such portions
of the principal as, in the sole discretion of the Corporate Trustee, shall be necessary for the Settlor's Husband's
maintenance, support, medical and nursing care, taking into consideration any other means readily available for such
purposes
(B) Upon the death of the survivor of the Settlor and the Settlor's Husband, the Trustees shall distribute the
then remaining principal and any undistributed income to the Settlor's son, MERVIN G HOLLAND 111, if he is then
living, or, if not, to his issue then living, per stirPes If the Settlor's son, Mervin G. Holland 11I, is not then living and
does not leave issue then living, all such assets shall be distributed in accordance with ARTICLE V hereof.
ARTICLE V
Contingent Distribution
If at the time for distribution of any trust estate hereunder the Settlor shall have no issue then living, the
Trustees shall distribute such assets as follows:
(A) Eighty-five percent (85%) thereof to FRANKLIN AND MARSHALL COLLEGE, Lancaster,
Pennsylvania;
(B) Five percent (5%) thereof to MARKET SQUARE PRESBYTERIAN CHURCH, Harrisburg, Pennsylvania;
(C) Five percent (5%) thereof to MERCERSBURG ACADEMY, Mercersburg, Pennsylvania;
(E) Five percent (5%) to the University of Pennsylvania, Philadelphia, Pennsylvania.
0111~4-O0001/~.3,98/RWS/DCP/111393
ARTICLE VI
Spendthrif~ Provision
No part of the income or principal of the property held under any trust created hereunder shall be subject to
attachment, levy or seizure by any creditor, spouse, assignee or trustee or receiver in bankruptcy of any beneficiary
prior to his or her actual receipt thereof. The Trustees shall pay over the net income and the principal to the parties
herein designated, as their interests may appear, without regard to any attempted anticipation (except as specifically
provided herein), pledging or assignment by any beneficiary under any trust created hereunder, and without regard to
any claim thereto or attempted levy, attachment, seizure or other process against said beneficiary.
ARTICLE VII
During the continuance of any trust created hereunder, the Trustees shall possess, among others, the following
powers to be exercised for the beat interests of the beneficiaries:
(A) To retain any investments so long as the Trustees may deem it advisable so' to do, including stock in the
corporate Trustee or its holding company.
lB) To vary investments, when deemed desirable by the Trustees, and to invest in such bonds, stocks, notes,
real estate mortgages or other securities or in such other real or personal property as the Trustees shall deem wise,
without being restricted to so called Legal investments, including stock in the corporate Trustee or its holding
company.
(C) To exercise any outstanding stock option in effect at the Settlor's death, and to borrow any necessary funds
from any person or institution, including the Trustees, to mortgage or pledge any or all real or personal property as
the Trustees in their sole discretion shall choose without regard for the dispositive provisions of this instrument;
provided, however, that this provision shall not authorize the mortgaging or pledging of any asset of any portion of
the QTIP Trust qualified for the federal estate tax marital deduction.
(D) In order to effect a division of the principal of any trust or for any other purpose, including the final
distribution of any trust, the Trustees are author/zed to make said divisions or distributions of the personally and
realty partly or wholly in kind. If such division or distribution is made in kind, said assets shall be divided or
distributed at their respective values on the date or dates of their division or distribution. In making any division or
4
011,174.00001/~.3.981RWS/DCP/111393
distribution in kind, the Trustees shall divide and distribute said assets in a manner which will fairly allocate any
unrealized appreciation among the beneficiaries.
(E) To sell either at public or private sale and upon such terms and conditions as the Trustees may deem
advantageous to any trust, any or all real or personal estate or interest therein owned by any trust severally or in
conjunction with other persons or acquired by the Trustees (including selling cohorts any right, privilege, option or
asset), and to consummate said sale or sales by sufficient deeds or other instruments to the purchaser or purchasers,
conveying a fee simple title, free and clear of all trust and without obligation or liability of the purchaser or
purchaser, to see to the application of the purchase money or to make inquiry into the validity of said sale or sales;
also, to make, execute, acknowledge and deliver any and all deeds, assignments, options or other writings which may
be necessary or desirable in carrying out any of the powers conferred upon the Trustees in this paragraph or
elsewhere in this instrument.
(F) To make leases of real estate.
(G) To borrow money from any party, including the Trustees, to pay an indebtedness of the Settlor or of the
Settlor's estate or trust, expenses of administration, all estate, inheritance and similar taxes ("Death Taxes") and other
taxes.
(I-I) To pay, in the Trustee's discretion, without reimbursement, all costs, Death Taxes or other taxes, expenses
and charges in connection with the administration of the Settlor's estate or trust, and to pay the funeral expenses and
the expenses of the last illness of the Settlor.
(I) To vote any shares of stock which form a part of any m~st and to otherwise exercise all'the power, incident
to the ownership of such stock; to actively manage and operate any incorporated or unincorporated business,
including any Joint ventures and partnerships, and to incorporate any such unincorporated business, with all the rights
and powers of any owner thereof.
(J) In the discretion of the Trustees, to unite with other owner of similar property in carrying out any plan. for
the reorganization of any corporation or company whose securities form a part of any trust.
(K) To assign to and hold in any trust an undivided portion of any asset.
01117~.-00001/8.§.98/P,W~/DCP/111393
(L) To select, employ and compensate any person, fLrm or corporation engaged in rendering investment
counsel advice to advise the Trustees in making investments, managing securities or making decisions concerning the
purchase, retention, sale or other disposition of any part of any trust estate hereunder: and to select, employ and
compensate any attorney or finn of attorneys to render legal services to the Trustees with respect to any trust estate
hereunder.
ARTICLE VIII
Survival Presumptions
Any person other than the Settlor's Husband who shall have died at the same time as the Settlor or under such
circumstances that it is difficult or impossible to determine who shall have died first, shall be deemed to have
predeceased him. If the Settlor and the Settlor's Husband shall have died at the same time or under such
circumstances that it is difficult or impossible to determine who shall have died first, the Settlor's Husband shall be
deemed to have survived him. Any Person other than the Settlor who shall have died at the same time as any then
beneficiary of income of a trust created hereunder or under such circumstances that it is difficult or impossible to
determine who shall have died first, shall be deemed to have predeceased such beneficiary.
ARTICLE IX
Trustees' Duties With Respect to Policies
The Trustees shall not be obligated to pay any premiums or assessments on any of the Policies and shall be
under no obligation with respect to the Policies, except for Safekeeping during the Settlor's lifetime and to the extent
otherwise expressly agreed to herein.
ARTICLE X
Settlor's Reserved R/ghts
With Respect to Policies
With respect to any of the Policies, the Settler reserves to herself, during his ownership of said Policies and
during his lifetime, all rights, payments, dividends, surrender values and benefits of any kind which may accrue on
account of any of the Policies, and the right at any time to assign, pledge or use said Policies, or any of them, or to
change the beneficiary thereof to borrow money thereon, or for any purpose, without the consent, approval or Joinder
of the Trustees or any beneficiary hereunder. It is the intent of the Settlor, with regard to said Policies, that this
Agreement shall be operative only with respect to the proceeds. Of such of the Policies as may be due and payable to
01117~,-O0001/8.~.98/RWS/DCPI111393
the Trustees at the time of the death of the Settlor or thereafter, after deduction of all charges against the Policies by
reason of advances, loans, premiums, or otherwise; and the receipt of the Trustees for such proceeds shall release the
insurance companies fi:om liability on the Policies.
ARTICLE XI
Collection of Policy Proceeds
The Settlor agrees and directs that, upon her death, the proceeds of all Policies which are then subject to the
terms of this Agreement shall be paid in accordance with the directions then set forth in said Policies or the
beneficiary designations then attached thereto. In the event the proceeds of said Policies are payable to the Trustees,
the Trustees may institute any proceeding at law or in equity in order to enforce the payment thereof, and may do
· and perform any and all other acts and things which may be necessary, for the purpose of collecting any sums which
may be due and payable under the terms of said Policies; it being distinctly understood, however, that the Trustees
shall hot, except at its option, enter into or maintain any litigation to enforce the payment of said Policies until it shall
have been guaranteed indemnification by one or more of the beneficiaries of this Agreement to its satisfaction against
all expenses and liabilities to which they may, in their judgment, be subjected by any such action. The Trustees are
authorized to compromise and adjust claims arising out of the Policies, or any of them, upon such terms and
conditions as it may deem just, and the decision of the Trustees shall be binding and conclusive upon all persons and
corporations interested therein.
ARTICLE XII
Successor Trustees '
If at any time Mervin G. Holland, Jr., shall fail or cease to serve as Co-Trustee with PNC Bank, National
Association, then Settlor's son, Mervin G. Holland Iff, shall serve as Co-Trustee with PNC Bank National
Association. If both Mervin G. Holland, Jr., and Mervin G. Holland III should fail or cease to serve as Co-Trustees,
PNC Bank, National Association, shall act or continue to act as sole Trustee with all the powers granted to the
original or successor Co-Trustees. So long as a beneficiary of a trust hereunder is Co-Trustee, she shall not
participate in any discretionary determination of the Trustees to distribute principal or income of such trust to or for
the benefit of such beneficiary or his issue.
During his lifetime, the Settlor's Son, MERVIN G. HOLLAND llI, shall have the right, by writing delivered to
the Trustees, to revoke the appointment of the then acting corporate Trustee, provided he immediately names a
substitute corporate Trustee which is a banking corporation having fiduciary powers. All references in this
7
011,17'4-00001/8.'3.98/RW~/DCP/'I 11393
Agreement to the "Trustees shall refer to the originally named Trustees or any Successor or substituted Trustees, as
the case may be.
ARTICLE XIII
Guardian
If at any time any minor shall be entitled to receive any assets hereunder, PNC BANK, NATIONAL
ASSOCIATION, shall act as Guardian of the assets payable to such minor. The Guardian may receive and administer
all assets authorized by law and shall have full authority to usc such assets, both principal and income, in any manner
the Guardian shall deem advisable for thc best interests of the minor, including college, university, graduate or other
education, without securing a court order. Thc Guardian shall have all the rights and privileges in its capacity as
guardian as are herein granted to the Trustees as to the trusts created hereunder.
ARTICLE XIV
Sure _ty and Compensation of Trustees
The Trustees shah serve without the duty or obligation of filing any bond or other security and Corporate
Trustee shall be entitled to compensation for services in accordance with the standard schedule of fees in effect when
the services are rendered.
ARTICLE XV
Revocabili .ty
The Settlor may, by instrument in writing delivered to the Trustees, modify, alter or revoke this Agreement in
whole or in part; provided, however, that the duties, powers, compensation and liability of the Trustees shall not be
changed without the written consent of the Trustees.
ARTICLE XVI
Situs
This Agreement and any trust created hereunder shall be governed by the laws of Pennsylvania and shall have
its situs in Cumberland County, Pennsylvania.
8
011,174-O00011~.3,98/RWS/DCP/111393
IN WITNESS WHEREOF, BARBARA R. HOLLAND, as Settlor, and Mervin G. Holland, Jr., as Trustee,
have hereunto afSxed their hands and seals, and PNC BANK, NATIONAL ASSOCIATION, as Trustee, has caused
this Agreement to be signed by its (Vice) President and to have its seal affixed to and to be attested to by its
(Assistant) Secretary, all as of the date and year f~rst above written.
WITNESSES:
SETTLOR:
Barbara IL Holland
ATTEST:
TRUSTEE:
~NC B~ NA~ON~ ASSO~ON
011 ,l~4-00001/8'.3.98/RW~;/DCP/111393
COMMONWEALTH. OF PENNSYLVANIA
COUNTY OF CUMBERLAND
SS:
On this the ~' day of 6,1~,~ , 1998, before me, the subscribers, in and for said
Commonwealth and County, personally appeared the within-named BARBARA R. ItOLLAND, and in due form of
law acknowledged the foregoing instrument in writing to be her act and deed and that she executed the same for the
purposes herein stated.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
Notaflal Seal
Dada C. Panner, Notary Public
Lemoyne Bom. Cumberland County
Commlsshm Expires Dido,
tMember, PennayM~nl~ A~lioolattOn
Notary Public
COMMONWlgALTH OF PENNSYLVANIA :
COUNTY OF :
SS.
On this _ day of 'J~.l~ ., 1998, before me, the subscribers, in and for said
Commonwealth and County, personally appeared the within-named MERVIN G. HOLLAND, JR., and in due form of
law acknowledged the foregoing instrument in writing to be his act and deed and that he executed the same for the
purposes herein stated.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
Lem0yne aero, Oumlse~tanel Oeun~ /'
I.~~~lanl, Notary Public
10
01,1'[74-O0001/~.3.98/RWS/DCP/111393
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF
: SS
:
On the. ~--;r~ day of /f'f-/~'~'S ~' , 1998, before me, the undersigned officer, personally
appeared ~T',~F~&'-$ /-/ ~-S ~' who acknowledged himself to be the [,//~',c___. ~/2~$//~_A.~ f-of
PNC Bank, National Association, a corporation, and that he as such i,]l~--~ Pi2~$[~ F--Al 7- , being author/zed to
do so, executed the foregoing insmanent for the purposes therein contained by signing the name of the corporation by
himself as.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
11
FIRST AMENDMENT TO TRUST
BARBARA R. HOLLAND REVOCABLE
~REAS, BARBARA R. HOLLAND, as Settlor, and MERVIN O. HOLLAND, JR. AND PNC BANK,
NATIONAL ASSOCIATION, as Trustees, executed an Agreement of Trust dated August 5, 1998; and
WH]gREAS, under Article XV the Settlor reserved to herself the fight to alter or revoke the Agreement in
whole or in part; and
WttEREAS, the Settlor now wishes to exercise that retained right to amend in part the original Agreement of
Trust;
NOW TI~.REFORE, effective immediately, said Agreement of Trust is hereby amended as follows:
1. Paragraphs A, B and D of Article III are hereby revoked in their entirety.
Paragraph B of Article 5 is hereby amended so that it shall read in its entirety as follows:
"B. Five Percent (5%) thereof to Camp Hill Presbyterian Church"
Camp Hill, Pennsylvania
IN ALL OTm~.R RESPECTS, Settlor hereby ratifies and confa-ms the Agreement of Trust dated August 5,
1998, which Agreement together with these amendments constitutes the entire Agreement of Trust known as the
'Barbara R. Holland Revocable Trust".
IN WITNESS WFllr. REOF, and intending to be legally bound Settlor has hereunto set her hand and seal this
~d'l'~, day of [k)o~,~ ~ ~,e ~..- ,2000.
WITNESSES: SETTLOR:
Barbara IL Holland
...... TI~'~JiBOVE AMENDMENTS ~ ACCEPTED:
TRUSTEE:
ATTEST:
(Assistant) Secretary
PNC BANK, NATIONAL ASSOCIATION
Trust Officer
COMMONVOgALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
: SS
On this the ~ '..%'~C"day of '"C'x~~_~ , 2000, before me, the subscribers, in and for said
Commonwealth and County, personally appeared the within-named BARBARA R. HOLLAND, and in due form of
law acknowledged the foregoing instrument in writing to be her act and deed and that she executed the same for the
purposes herein stated.
IN WITNESS WI-IEREOF, I hereunto set my hand and official seal.
Notary PubliCQ..'"~
INOTARIAL SEAL
DIANNE LENIG, Notary Public
Lemoyne Borough Cumberland Co.
,,M,y Commission Expires Dec. 2t, 2001
CO!MIM[O~ALTH OF PENNSYLVANIA
SS
On this . ~3<~3X'Xday of 'N"'~-.~-t_~uc..... , 2000, before me, the subscribers, in and for said
Commonwealth and County, personally appeared the with/n-named MERVIN G. HOLLAND, JR., and in due form of
law acknowledged the foregoing instrument in writing to be h/s act and deed and that he executed the same for the
purposes herein stated.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
NOTARIAL SEAL
DIANNE LENIG, Nota7 Public
Lemoyne Borough Cumberland Co.
_My Commission Expires Dec. 21, 2001
Notary Publi~'~ ~
COM/YIONWEALTH OF PENNSYLVANIA :
: SS
COUNTY OF :
On the cr°C~-/~ day of /(/~ vtCfi'//~'~/~ , 2000, before me, the undersigned officer, personally
appeared '~/l~) ~. ~~/ whoac~owledgedh~selftobethe~~ ~/~ of
PNC Ba~ Nafio~l ~sociafio~ a co~onfion, ~d ~at he ~ such ~~ ~ f~ C ~ , berg auto.ed to
do so, executed the f~ego~g ~sment for ~e p~oses there~ conta~ed by si~ng ~e name of the co¢oration by
himself as.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
Notary Pt~bli~
Notarial Seal
Carol A. Leiphart, Notary Public
Hampton Twp., Cumberland County
"¥ Commission Exnim.~
REV-1511EX + (1-97) ~
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
HOLLAND, BARBARA R.
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
FILE NUMBER
21-02-00138
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
FUNERALEXPENSES:
Myers Harner Funeral Home
Rolling Green Cemetery - interment
Reverend Gordan - service
Camp Hill Presbyterian Church - funeral service
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
Name of Personal Representative (s)
Sodal Security Number(s) / EIN Number of Personal Representative(s)
Street Address
City State Zip
Year(s) Commission Paid:
A~0meyFeas - Johnson, Duffle, Stewart & Weidner
Family Exemption: (If decedents address is not the same as claimant's, attach explanation) Claimant Mervin G. Holland, Jr.
Street Address 102 Ridgewood Drive
Camp Hill State PA ~i~011
Relationship of Claimant to Decedent H u s b a n d
PmbateFees - Register of Wills - Cumberland County
Accountant's Fees
Tax Return Pmparer's Fees
Cumberland Law Journal - legal advertisement
The Patriot-News - legal advertisement
Register of Wills - file Inventory and Inheritance
Tax Return
6,700.00
800.00
250.00
160.00
8,000.00
3,500.00
299.00
75.00
102.67
20.00
TOTAL (Also enter on line 9, Recapitulation) $ 19,906.67
(If more space is needed, insert additional sheets of the same size)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
NUMBER
[.
SCHEDULE J
BENEFICIARIES
HOLLAND, BARBARA R.
NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY
TAXABLE DISTRIBUTIONS (include outdght spousal dis~ibutions)
The Barbara R. Holland Revocable
Trust f/b/o Mervin G. Holland, Jr.,
husband, dated August 5, 1998.
PNC Bank, NA and Mervin G. Holland, Jr.
Trustees
4242 Carlisle Pike
Camp Hill, PA 17011
FILENUMBER
21-02-00138
RELATIONSHIP TO DECEDENT
Do Not List Trustee(s)
Husband
AMO.UNT OR SHARE
OF ESTATE
Residue
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 17, AS APPROPRIATE
NON-TAXABLE DISTRIBUTIONS:
A, SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART TI' . ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV 1500 COVER SHEET
ON REV 1500 COVER SHEET
(If more space is needed, insert additional[sheets of the same size)
ITl
Register of Wills of
CUMBERLAND
INVENTORY
County, Pennsylvania
Estate of BARBARA R. HOLLAND
Also known as
,Deceased
No. 21-02-00138
Date of Death: JANUARY 20, 2002
Social Security No. 159-24-7570
I, MERVIN G.HOLLAND, JR.
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 place opposite each item of said Inventory represent its fair value as of the date of
the Decedent's death, and that Decedent owned no real estate outside the Commonwealth of Pennsylvania except
that which appears in a memorandum at the end of this Inventory. INVe verify that the statements made in this
Inventory are true and correct. INVe 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: Richard W. Stewart
I.D. No.: 18039
Personal Representative:
MERVlN G. HOLLAND, JR., EXEC~I'OR
Address: 102 Rid.qewood Drive
Address:Johnson, Duffle, Stewart &Weidner
301 Market Street, P.O. Box 109
Lemoyne, PA 17043
Telephone: (717) 761-4540
Camp Hill, PA 17011
Telephone: 717- 737-7720
Dated:
Description
1. The Vanguard Group- Investment Account
Date of death value
2. 70 Shares of Prudential @ $29.0846 per share
TOTAL
NOTE: the Memorandum of real estate outside of the Commonwealth of Pennsylvania may, at
such figures should not be extended into the total of the Inventory.
Value
__~2 035.92
$ 274,023.83
election of the personal representative, include the value of each item, but
BUREAU OF TNDTVTDUAL TAXES
IHHERITAHCE TAX DIVZSION
DEPT. 280601
HARRISBURG, PA 17128-0601
COHHONWEALTH OF PENNSYLVANZA
DEPARTHENT OF REVENUE
NOTZCE OF ZNHERZTANCE TAX
APPRAZSEHENT, ALLONANCE OR DZSALLONANCE
OF DEDUCTZONS AND ASSESSNENT OF TAX
RZCHARD W STEWART
JOHNSON ETAL
PO BOX 109 -
LEHOYNE PA 170 :
DATE
ESTATE OF
DATE OF DEATH
FZLE NUNBER
~ * ~iCOUNTY
ACN
11-19-2002
HOLLAND
01-20-Z002
21 02-0158
CUHBERLAND
101
Amount
BARBARA R
HAKE CHECK PAYABLE AND REHZT PAYHENT TO:
REGTSTER OF WZLLS
CUHBERLAND CO COURT HOUSE
CARLZSLE, PA 17015
CUT ALONG THZS LZNE ~.~ RETAZN LOWER PORTZON FOR YOUR RECORDS ~
REV-1547 EX AFP (01-02) NOTTCE OF TNHERZTANCE TAX APPRAZSEHENT, ALLOWANCE OR DZSALLOWANCE OF DEBUCTZONS AND ASSESSHENT OF TAX
ESTATE OF HOLLAND BARBARA R FTLE NO. 21 02-0158 ACN 101 DATE 11-19-2002
TAX RETURN NAS: (X) ACCEPTED AS FZLED ( ) CHANGED
RESERVATZON CONCERNZNG FUTURE /NTEREST - SEE REVERSE
APPRAZSED VALUE OF RETURN BASED ON: ORZG~NAL RETURN
1. Real Estate (Schedule A) (1)
2. Stocks and Bonds (Schedule B) (2)
$. Closely Held Stock/Partnership /nterest (Schedule C) ($)
~. Nortgages/Notas Receivable (Schedule D) (~)
E. Cash/Bank Daposits/Nisc. Personal Property (Schedule E) (5)
6. Jointly Owned Property (Schedule F) (6)
7. Transfers (Schedule G) (7)
8. Tote1 Assets
APPROVED DEDUCTZONS AND EXEHPT~ONS:
9. Funeral Expenses/Adm. Costs/Hisc. Expanses (Schedule H) (9)
10. Dabts/Hortgagm Liabilitlas/Lians (Schedule 1) (10)
11. Tote1 Deductions
12. Net Value of Tax Return
15.
1~.
.00
2~055.92
.00
.O0
333~142.9Z
.00
R95~609.28
{B)
19,906.67
Charitable/Governmental Bequests; Non-elected 9115 Trusts (Schedule J)
Nat Value of Estate Subject to Tax
NOTE: To insure proper
credit to your account,
submit the upper portLon
of this form with your
tax payment.
828,788.12
.00
(11) 19.906
(12) 808,881 .R5
(13) .00
(1~) 808,881. ~5
NOTE:
Z~ an assessmen~ Nas Lssued previously,
refZec~ fLgures ~ha~ LncZude ~he ~ota! of ALL re~urns assessed ~o da~e.
11nas 14, 15 and/or 16, 17, 18 and 19 w111
(~$) 808,881.R5 x O0 = .00
(16) .00 x OR5= .00
(17) .00 x 12 = .00
(18) .00 x 15 = .00
(19)= . O0
AHOUNT PAZD
ASSESSHENT OF TAX:
15. Amount of L/ne lq at Spousal rata
16. Amount of Line lq taxable at Lineal/Class A rata
17. Amount of Line lq at Sibling rata
18. Amount of Line 1~ taxable at Collateral/Class B rata
19. Principal Tax Due
TAX CREDZTS:
PAYMENT RECEIPT D/$COUNT (+)
DATE NUHBER ~NTEREST/PEN PA~D (-)
TOTAL TAX CREDZT
BALANCE OF TAX DUEI
ZNTEREST AND PEN.
TOTAL DUE
ZF PAZD AFTER DATE ZNDZCATED, SEE REVERSE
FOR CALCULATZON OF ADDZTZONAL ZNTEREST.
.00
.00
.00
.00
( ZF TOTAL DUE ZS LESS THAN $1, NO PAYNENT ZS REQUZRED.
ZF TOTAL DUE ZS REFLECTED AS A 'CREDZT' (CR), YOU HAY BE DUE
A REFUND. SEE REVERSE SZDE OF THZS FORH FOR ZNSTRUCTZONS.)
RESERVATION:
PURPOSE OF
NOTICE:
PAYNENT:
REFUND (CR):
OBJECTIONS:
ADNIN-
ISTRATIVE
CORRECTIONS:
DISCOUNT:
PENALTY:
INTEREST:
Estates of decedents dying on or before December 12, 1982 -- ]f any futura interest in the estate is transferred
in possession or enjoyment to Class B (collateral) beneficiaries cf the decedent after the expiration of any estate for
life or far years, the Commonwealth hereby expressly reserves the right to appraise and assess transfer Inheritance Taxes
at the lamful Class B (celletmra1) rate on any such future interest.
To fulfill the requirements of Section 2140 of the Znheritancm and Estate Tax Act, Act 23 of 2000. (72 P.S.
Section 9140).
Detach the top portion of this Noticm and submit with your payment to the Register of Hills printed on the reverse side.
--Hake check or money order payable to: REGISTER OF NILES, AGENT
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 Hills; any of the 23 Revenue District Offices, or by calling the special Z4-hour
answering service for fores ordering: 1-800-362-2050; services for taxpayers with special hearing and / or
speaking needs: 1-800-447-30Z0 (TT only).
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 Not[ce 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 17lIB-lOll,
--election to have the matter determined at audit of the account of the personal representative, OR
--appeal to the Orphans' Court.
OR
Factual errors discovered on this assessment should bo 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) 767-6505. Sas page 5 of the booklet "Instructions for Inheritance Tax Return for a Resident
Decedent" (REV-IS01) for an explanation of administratively correctable errors.
If any tax due is paid within three (3) calendar months after the decedmnt's death, a five percent (52) discount of
the tax paid is allowed.
The 152 tax amnesty non-participation penalty is computed on the total of the tax end interest assessed, and not
paid before January 18, 1996, the first day after the end of the tax amnesty period. This non-participation
penalty is appealable in the same manner and in the the same time period as you would appeal the tax and interest
that has been assessed as indicated on this notice.
Interest is charged beginning with first day of delinquency, or nine (9) months and one (1) day from the date of
death, to t~e date of payment. Taxes which became delinquent before January 1, 1982 bear interest at the rate of
six (62) 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 rata which will vary from calendar year to calendar year with that rate
announced by the PA Department of Revenue. The applicable interest rates for 198Z through ZOO2 ara:
Year Interest Rate Daily Interest Factor Year Interest Rate Daily Interest Factor
1982 20Z .000548 1992 92 .000247
1983 162 .000438 1993-1994 7Z .000192
1984 llZ .000301 1995-1998 92 .000247
1985 132 .000356 1999 72 .000192
1986 IOZ .000274 2000 87. . O00Z19
1987 9Z .000247 2001 97. .000247
1988-1991 112 .000301 2002 62 .000164
--Interest is calculated as folloms:
INTEREST = BALANCE OF TAX UNPAID X NUHBER OF DAYS DELINQUENT X DALLY INTEREST FACTOR
--Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15) days
beyond the date of the assessment. If payment is made after the interest computation date shown on the
Notice; additional interest must be calculated.
PNCBAN
COURT OF COMMON PLEAS OF CUMBERLAND COUNTY PA
ORPHANS~ COURT DiViSiON
TRUST AGREEMENT OF BARBARA R HOLLAND SETTLOR
DATED 08/06/98 AS AMENDED 11120/00
TRUST FOR MERVIN H HOLLAND JR
FIRST AND FINAL ACCOUNT OF PNC BANK, NATIONAL ASSOCIATION
AND MERVIN H HOLLAND JR TRUSTEES
AND PROPOSED SCHEDULE OF DISTRIBUTION
ACCOUNTING DECEMBER 26 ZOO0 TO MARCH 28 ZOOS
PURPOSE OF ACCOUNT: THE TRUSTEES OFFER THIS ACCOUNT TO ACQUAINT
INTERESTED PARTIES NITH THE TRANSACTIONS THAT HAVE OCCURRED DURING
THEIR ADMINISTRATION OF THE TRUST.
IT IS IMPORTANT THAT THE ACCOUNT BE CAREFULLY EXAMINED. REQUESTS
FOR ADDITIONAL INFORMATION OR QUESTIONS OR OBJECTIONS CAN BE
DISCUSSED NITH:
PNC BANK, NATIONAL ASSOCIATION
C/O CARRIE M.VOOELSONO
TRUST OFFICER
P 0 BOX $08
CAMP HILL, PA 17001-~$08
TELEPHONE (717) 750-2276
RICHARD STENART ESQUIRE
JOHNSON DUFFIE STENART
& NIDENER
$01 MARKET STREET
P 0 BOX 109
LEMOYNE PA 170~$-0109
TELEPHONE (717) 761-~560
MERVIN G HOLLAND JR
102 RIDGENOOD DRIVE
CAMP HILL PA 17011
TELEPHONE (717) 757-77Z0
- I -
TRSN01 1101021
PN CBAT',,K
COURT OF COHMON PLEAS OF CUHBERLAND COUNTY PA
ORPHANS COURT DIVISION
TRUST AGREEHENT OF BARBARA R HOLLAND SETTLOR
DATED 08/06/98 AS AHENDED 11/20/00
TRUST FOR HERVIN H HOLLAND JR
PNC BANK NATIONAL ASSOCIATION AND HERVIN H HOLLAND JR TRUSTEES
PROPOSED SCHEDULE OF DISTRIBUTION
Balance remaining per First and Final A:count:
The Corporate Trustee proposes to distribute the balance to:
Vanguard Group, Successor Trustee
10442.866 UTS
677.198 UTS
Blackrock Funds Low Duration
Bond Portfolio Fund 87
Institutional Class
Blackrock Funds Inter Govern-
ment Portfolio Fund 80
Institutional Class
Invested Cash
Acquisition
Value
105,681.80
9,572.65
2,553.51
$117,807.96
$117,807.96
BARBARA HOLLAND/HERVIN JR
PRINCIPAL
RECEIPTS
NET GAIN/LOSS ON CONVERSIONS
ADdUSTED BALANCE
LESS DISBURSEHENTS
BALANCE BEFORE DISTRIBUTIONS
DISTRIBUTIONS TO BENEFICIARIES
PRINCIPAL BALANCE ON HAND
INVESTHENTS HADE
CHANGES IN INVESTHENT HOLDINGS
INCOHE
RECEIPTS
NET GAIN/LOSS ON CONVERSIONS
ADdUSTED BALANCE
LESS DISBURSEHENTS
BALANCE BEFORE DISTRIBUTIONS
DISTRIBUTIONS TO BENEFICIARIES
INCOHE BALANCE ON HAND
INVESTHENTS HADE
CHANGES IN INVESTHENT HOLDINGS
COHBINED BALANCES REHAINING
SUHHARY AND INDEX
PAGES
3 - 4
5 - 5
& -
7 - 7
8 - 8
9 - 9
10 - 12
15 - 16
17 - 17
18 - 18
19 - 19
20 - 20
- 2 -
PNCBAN<
$888718
479,359.11
5,605.86-
473,755.25
1,512.79-
472,240.4&
354,473.01-
117,767.45
42,948.81
.00
42,948.81
10,487.04-
$2,461.77
32,421.26-
40.51
117,807.96
TRSNOI
PNC ADVISORS
PN CBANK
BARBARA HOLLAND/MERVIN JR
RECEIPTS OF PRINCIPAL
12/26/00 CONTRIBUTION TO FUND ACCOUNT
PROCEEDS FROM LIQUIDATION OF
VANGUARD EXTENDED MARKET INDEX FD
12/28/00
CONTRIBUTION TO FUND ACCOUNT
PROCEEDS FROM VANGUARD HIGH YIELD
FUND 29
1/05/01
CONTRIBUTION TO FUND ACCOUNT
PROCEEDS FROH ALLFIST TRUST CO
1/09/01
CONTRIBUTION TO FUND ACCOUNT
PROCEEDS FROM REDEMPTION OF
VANGUARD LONG TERM CORPORATE FUND
1/10/01
CONTRIBUTION TO FUND ACCOUNT
PROCEEDS FROM ALLFIRST TRUST CO
ADDITIONAL ACCRUED INTEREST
OTHER RECEIPTS
11/16/01
BLACKROCK FUNDS LARGE CAP VALUE
EQUITY PORTFOLIO FUND 89
LONG TERM CAPITAL GAINS
11/19/01
BLACKROCK FUNDS LOg DURATION BOND
PORTFOLIO FUND 87
LONG TERM CAPITAL GAINS
11/19/01
BLACKROCK FUNDS LOg DURATION BOND
PORTFOLIO FUND 87
SHORT TERH CAPITAL GAINS
1/19/02
RECEIVED FRON INCOHE
803.154 UTS BLACKROCK FUNDS LON DURATION BOND
PORTFOLIO FUND 87
INSTITUTIONAL CLASS
1/20/02
TRANSFER FRON INCONE
INCONE ON HAND AND ACCRUED TO
01/20/02 (DATE OF DEATH)
12/12/02
12/12/02
1/20/02
BLACKROCK FUNDS LOg DURATION BOND
PORTFOLIO FUND 87
INSTITUTIONAL CLASS
SHORT TERM CAPITAL GAINS
BLACKROCK FUNDS HID CAP VALUE
EQUITY PORTFOLIO FUND 35
INSTITUTIONAL CLASS
LONG TERH CAPITAL GAINS
REVALUATION OF
SECURITIES PER EXHIBIT 1
3888718
73,951.87
56,490.59
301,861.99
38,834.79
1,219.84
774.83
120.09
378.03
8,200.00
2,261.96
60.57
621.00
5,416.45-
PNC ADVISORS
~ PNCBAN(
BARBARA HOLLAND/HERVIN JR
RECEIPTS OF PRINCIPAL
TOTAL PRINCIPAL RECEIPTS
3888718
~79,$59.1!
T RS N OZ ( 1 OIO2)
PNC ADVISORS
PNCBAN(
BARBARA HOLLAND/HERVZN JR
GAZNS AND LOSSES ON SALES AND OTHER DISPOSITIONS
GAIN
9/11/01
956.632 UTS BLACKROCK FUNDS LARGE CAP GROHTH
EQUITY PORTFOLIO FUND 29
INSTZTUTIONAL CLASS
PROCEEDS:
ACQUISITZON VALUE:
9,394.15
14~999.99
TOTAL 6AZNS AND LOSSES
LESS GAIN
NET LOSS
.00
3888718
LOSS
5,605.86-
5,605.86-
.00
5,605.86-
- 5 -
PNC ADVISORS
PNCBAT
BARBARA HOLLAND/HERVIN JR
$/27/05
$/28/05
$/28/05
D~BURSEHENTS OF PRINCIPAL
PNC BANK NATIONAL ASSOCIATION
TRUSTEES COHPENSATION
RESERVE FOR FILING COSTS
PNC BANK NATIONAL ASSOCIATZON
RESERVE FOR TAXES
TOTAL PRINCIPAL DISBURSEHENTS
$888718
1,078.79-
200.00-
254.00-
1,512.79-
TRS NO2 (10102)
-- 6 --
PNC ADVISORS
PNCBAN(.
BARBARA HOLLAND/MERVIN JR
DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES
BARBARA HOLLAND
CASH DISTRIBUTED
1/18/01 750.00-
2/01/01 500.00-
$/01/01 500.00-
FOR ACCOUNT OF BARBARA HOLLAND
12/26/01
TRANSFER TO INCOME
TO COVER CASH REQUEST
THE VANGUARD GROUP SUCCESSOR
TRUSTEE OF THE AGREEMENT OF TRUST
OF BARBARA R HOLLAND DATED 08/06/98
AS AMENDED 11/ZO/OO
TRUST FOR MERVIN H HOLLAND JR
12/25/02
809.749 UTS BLACKROCK FUNDS MID CAP VALUE
EQUITY PORTFOLIO FUND $5
INSTITUTIONAL CLASS
425.170 UTS BLACKROCK FUNDS MID CAP GRONTH
PORTFOLIO FUND 44
INSTITUTIONAL CLASS
12/$0/02
2,112.978 UTS BLACKROCK FUNDS LARGE CAP VALUE
EQUITY PORTFOLIO FUND 89
INSTITUTIONAL CLASS
977.198 UTS BLACKROCK FUNDS SELECT EQUITY
PORTFOLIO FUND 95
INSTITUTIONAL CLASS
1/02/05
9,$50.000 UTS BLACKROCK FUNDS INTER GOVERNMENT
PORTFOLIO FUND 80
INSTITUTIONAL CLASS
18,810.140 UTS BLACKROCK FUNDS PA TAX FREE INCOME
PORTFOLIO FUND $9
INSTITUTIONAL CLASS
TOTAL PRINCIPAL DISTRIBUTIONS
1,750.00-
800.00-
9,96~.01-
$,647.96-
26,559.00-
11,814.$2-
95,111.$0-
204,842.42-
3888718
1,750.00-
800.00-
351,923.01-
354,473.01-
- 7 -
TRSN02 (rOlO2)
PNC ADVISORS
PNCBAN<
BARBARA HOLLAND/HERVZN JR
PRINCIPAL BALANCE ON HAND
VALUE
3/~8/05
3888718
ACQUiSiTION
VA~UE
FUNDS
10,442.866 UTS BLACKROCK FUNDS LOg DURATION BOND
PORTFOLIO FUND 87
INSTITUTIONAL CLASS
677.198 UTS BLACKROCK FUNDS INTER GOVERNHENT
PORTFOLIO FUND 80
INSTITUTIONAL CLASS
INVESTED CASH
TOTAL PRINCIPAL
106,830.52
7,259.56
2,513.00
116,603.08
105,681.80
9,572.65
2,513.00
117,767.45
- 8 -
PNC ADVISORS
PNCBAN
1/16/01
1/16/01
1/16/01
1/16/01
1/16/01
1/16/01
1/16/01
2/25/01
2/25/01
2/25/01
2/25/01
9/19/01
9/28/01
10/24/01
BARBARA HOLLAND/MERVIN JR
PRINCIPAL INFORMATION SCHEDULES - INVESTMENTS MADE
1,069.157 UTS BLACKROCK FUNDS LARGE CAP VALUE
EQUITY PORTFOLIO FUND 89
INSTITUTIONAL CLASS
956.652 UTS BLACKROCK FUNDS LARGE CAP GROWTH
EQUITY PORTFOLIO FUND 29
INSTITUTIONAL CLASS
977.198 UTS BLACKROCK FUNDS SELECT EQUITY
PORTFOLIO FUND 95
INSTITUTIONAL CLASS
5,905.511 UTS BLACKROCK FUNDS INTER GOVERNMENT
PORTFOLIO FUND 80
INSTITUTIONAL CLASS
11,059.558 UTS BLACKROCK FUNDS PA TAX FREE INCOME
PORTFOLIO FUND $9
INSTITUTIONAL CLASS
407.497 UTS BLACKROCK FUNDS MID CAP VALUE
EQUITY PORTFOLIO FUND $5
INSTITUTIONAL CLASS
425.170 UTS BLACKROCK FUNDS MID CAP GROWTH
PORTFOLIO FUND 44
INSTITUTIONAL CLASS
1,045.841 UTS BLACKROCK FUNDS LARGE CAP VALUE
EQUITY PORTFOLIO FUND 89
INSTITUTIONAL CLASS
4,121.687 UTS BLACKROCK FUNDS INTER GOVERNMENT
PORTFOLIO FUND 80
INSTITUTIONAL CLASS
7,770.582 UTS BLACKROCK FUNDS PA TAX FREE INCOME
PORTFOLIO FUND $9
INSTITUTIONAL CLASS
402.252 UTS BLACKROCK FUNDS MID CAP VALUE
EQUITY PORTFOLIO FUND $5
INSTITUTIONAL CLASS
922.789 UTS BLACKROCK FUNDS LOW DURATION BOND
PORTFOLIO FUND 87
INSTITUTIONAL CLASS
7,855.455 UTS BLACKROCK FUNDS LOW DURATION BOND
PORTFOLIO FUND 87
INSTITUTIONAL CLASS
881.488 UTS BLACKROCK FUNDS LOW DURATION BOND
PORTFOLIO FUND 87
INSTITUTIONAL CLASS
3888718
14,999.99
14,999.99
14,999.99
59,999.99
120,000.00
4,999.99
5,000.00
15,000.00
41,999.99
85,999.99
4,999.99
9,393.99
80,000.00
8,999.99
- 9 -
TRSN02 (10102)
PNC ADVISORS
PNCBAN<
BARBARA HOLLAND/HERVIN JR
PRINCIPAL INFORHATION SCHEDULES - CHANGES IN INVESTHENT HOLDINGS
1/16/01
2/23/01
1/20/02
12/30/02
PURCHASED
1,069.137 UTS BLACKROCK FUNDS LARGE CAP VALUE
EQUITY PORTFOLIO FUND 89
INSTITUTIONAL CLASS
PURCHASED
1,045.841 UTS BLACKROCK FUNDS LARGE CAP VALUE
EQUITY PORTFOLIO FUND 89
INSTITUTIONAL CLASS
REVALUED
BLACKROCK FUNDS LARGE CAP VALUE
EQUITY PORTFOLIO FUND 89
INSTITUTIONAL CLASS
DISTRIBUTED
2,112.978 UTS BLACKROCK FUNDS LARGE CAP VALUE
EQUITY PORTFOLIO FUND 89
INSTITUTIONAL CLASS
1/16/01
1/20/02
12/30/02
0.000 UTS
PURCHASED
977.198 UTS BLACKROCK FUNDS SELECT EQUITY
PORTFOLIO FUND 95
INSTITUTIONAL CLASS
REVALUED
BLACKROCK FUNDS SELECT EQUITY
PORTFOLIO FUND 95
INSTITUTIONAL CLASS
DISTRIBUTED
977.198 UTS BLACKROCK FUNDS SELECT EQUITY
PORTFOLIO FUND 95
INSTITUTIONAL CLASS
3888718
14,999.99
15,000.00
3,460.99-
26,539.00-
.00
14,999.99
3,185.67-
11,814.32-
9/19/01
9/28/01
10/24/01
0.000 UTS
PURCHASED
922.789 UTS BLACKROCK FUNDS LOg DURATION BOND
PORTFOLIO FUND 87
INSTITUTIONAL CLASS
PURCHASED
7,835.455 UTS BLACKROCK FUNDS LOH DURATION BOND
PORTFOLIO FUND 87
INSTITUTIONAL CLASS
PURCHASED
881.488 UTS BLACKROCK FUNDS LOg DURATION BOND
PORTFOLIO FUND 87
INSTITUTIONAL CLASS
.0O
9,393.99
80,000.00
8,999.99
- 10 -
TRSN02 (10/02)
PNC ADVISORS
PN CBANK
1/19/02
1/20/02
BARBARA HOLLAND/HERVIN JR
· PRINCIPAL INFORMATION SCHEDULES - CHANGES IN INVESTHENT HOLDINGS
CONTINUED: BLACKROCK FUNDS LOg DURATION BOND
RECEIVED
805.15q UTS BLACKROCK FUNDS LOg DURATION BOND
PORTFOLIO FUND 87
INSTITUTIONAL CLASS
REVALUED
BLACKROCK FUNDS LOg DURATION BOND
PORTFOLIO FUND 87
INSTITUTIONAL CLASS
1/16/01
2/23/01
1/20/02
1/02/05
10,q~2.866 UTS
PURCHASED
5,905.511 UTS BLACKROCK FUNDS INTER GOVERNMENT
PORTFOLIO FUND 80
INSTITUTIONAL CLASS
PURCHASED
q,121.687 UTS BLACKROCK FUNDS INTER GOVERNMENT
PORTFOLIO FUND 80
INSTITUTIONAL CLASS
REVALUED
BLACKROCK FUNDS INTER GOVERNMENT
PORTFOLIO FUND 80
INSTITUTIONAL CLASS
DISTRIBUTED
9,$50.000 UTS BLACKROCK FUNDS INTER GOVERNMENT
PORTFOLIO FUND 80
INSTITUTIONAL CLASS
1/16/01
2/23/01
1/20/02
677.198 UTS
PURCHASED
11,059.558 UTS BLACKROCK FUNDS PA TAX FREE INCOME
PORTFOLIO FUND 39
INSTITUTIONAL CLASS
PURCHASED
7,770.582 UTS BLACKROCK FUNDS PA TAX FREE INCOME
PORTFOLIO FUND $9
INSTITUTIONAL CLASS
REVALUED
BLACKROCK FUNDS PA TAX FREE INCOME
PORTFOLIO FUND $9
INSTITUTIONAL CLASS
$888718
8,200.00
912.18-
105,681.80
59,999.99
ql,999.99
2,683.97
95,111.$0-
9,572.65
120,000.00
83,999.99
8q2.q3
- 11 -
T RS N 02 { 1010~)
PNC ADVISORS
PNCBAN<
BARBARA HOLLAND/MERVIN JR
PRXNCIPAL INFORMATION SCHEDULES - CHANGES IN INVESTMENT HOLDINGS
CONTINUED: BLACKROCK FUNDS PA TAX FREE INCOME
1/02/05
DISTRIBUTED
18,810.140 UTS BLACKROCK FUNDS PA TAX FREE INCOME
PORTFOLIO FUND
INSTITUTIONAL CLASS
1/16/01
2/25/01
1/20/02
12/25/02
0.000 UTS
PURCHASED
407.497 UTS BLACKROCK FUNDS MID CAP VALUE
EQUITY PORTFOLIO FUND $5
INSTITUTIONAL CLASS
PURCHASED
402.252 UTS BLACKROCK FUNDS MID CAP VALUE
EQUITY PORTFOLIO FUND $5
INSTITUTIONAL CLASS
REVALUED
BLACKROCK FUNDS HID CAP VALUE
EQUITY PORTFOLIO FUND $5
INSTITUTIONAL CLASS
DISTRIBUTED
809.749 UTS BLACKROCK FUNDS MID CAP VALUE
EQUITY PORTFOLIO FUND $5
INSTITUTIONAL CLASS
1/16/01
1/20/02
12/23/02
0.000 UTS
PURCHASED
425.170 UTS BLACKROCK FUNDS MID CAP GRO#TH
PORTFOLIO FUND 44
INSTITUTIONAL CLASS
REVALUED
BLACKROCK FUNDS MID CAP GROgTH
PORTFOLIO FUND 44
INSTITUTIONAL CLASS
DISTRIBUTED
425.170 UTS BLACKROCK FUNDS MID CAP GROgTH
PORTFOLIO FUND 44
INSTITUTIONAL CLASS
3888718
20q,SqZ.'42-
.00
q,999.99
4,999.99
$1.97-
9,968.01-
.00
5,000.00
1,$52.04-
3,647.96-
0.000 UTS
.00
- 12 -
TRSN02 (10f02)
PNC ADVISORS
PNCBAKK
BARBARA HOLLAND/MERVIN JR
RECEIPTS OF INCOME
OTHER XNCOME
BLACKROCK FUNDS LARGE CAP VALUE
EQUITY PORTFOLIO FUND 89
INSTITUTIONAL CLASS
$/29/0! 69.75
6/28/01 81.$5
9/27/01 65.$9
12/27/01 60.22
3/28/02 ~7.54
6/28/02 51.69
9/27/02 52.82
12/26/02 75.11
BLACKROCK FUNDS SELECT EQUITY
PORTFOLIO FUND 95
INSTITUTIONAL CLASS
5/29/01 48.86
12/26/02 102.90
BLACKROCK FUNDS LOg DURATION BOND
PORTFOLIO FUND 87
INSTITUTIONAL CLASS
10/01/01 50.42
11/01/01 402.07
12/05/01 426.85
1/02/02 427.67
2/01/02 426.92
3/01/02 392.25
4/01/02 392.22
5/01/02 570.26
6/03/02 361.02
7/01/02 540.67
8/01/02 540.02
9/05/02 539.99
10/01/02 511.67
11/01/02 508.53
12/02/02 508.47
1/02/05 285.25
2/05/05 272.00
5/05/05 270.04
BLACKROCK FUNDS INTER GOVERNMENT
PORTFOLIO FUND 80
INSTITUTIONAL CLASS
2/01/01 155.45
5/01/01 $46.25
4/02/01 511.59
5/01/01 510.84
6/01/01 511.$9
7/02/01 501.56
8/01/01 487.54
9/04/01 476.29
10/01/01 474.76
11/01/01 476.29
12/05/01 476.29
1/02/02 545.46
3888718
479.85
151.76
6,026.28
PNC ADVISORS
PNCBAN<
BARBARA HOLLAND/HERVIN JR
CONTINUED: BLACKROCK FUNDS
2/01/02
3/01/02
4/01/02
5/01/02
6/03/02
7/01/02
8/01/02
9/05/02
10/01/02
11/01/02
12/02/02
1/02/03
2/03/03
3/03/03
RECEIPTS OF INCOHE
INTER GOVERNHENT
BLACKROCK FUNDS PA TAX
PORTFOLIO FUND 39
INSTITUTIONAL CLASS
2/01/01
3/01/01
4/02/01
5/01/01
6/01/01
7/02/01
8/01/01
9/04/01
10/01/01
11/01/01
12/03/01
1/02/02
2/01/02
3/01/02
4/01/02
5/01/02
6/03/02
7/01/02
8/01/02
9/03/02
10/01/02
11/01/02
12/02/02
1/02/03
2/03/03
BLACKROCK FUNDS
481.
476.
476.
432.
~13.
~,12.
~13.
~13.
411.
413.
413.
630.
47.
17.
FREE
80
29
29
07
12
13
12
12
79
12
12
93
57
71
INCOHE
270
603
893
892
893
893
894
865
862
865
8~9
851
849
8'~9
8~9
796
77~
772
77~
774
771
77~*
774
774
24
HID CAP VALUE
EQUITY PORTFOLIO FUND 35
INSTITUTIONAL CLASS
3/29/01
6/28/01
12/27/01
BLACKROCK HONEY NARKET
LNSTITUTIONAL CLASS FD #01
1/02/01
Z/01/01
65
48
52
~8
~8
27
27
28
10
28
28
.28
61
O~
37
O~
O~
5~
O~
.0~,
.87
.97
36.03
16.19
16.19
93.90
.~5
3888718
10,933.37
19,193.32
68.~1
- 14 -
TRSN02
PNC ADVISORS
PNCBAN
BARBARA HOLLAND/HERVIN JR
RECEIPTS OF INCOHE
CONTINUED: BLACKROCK HONEY HARKET
2/01/01
$/01/01
$/01/01
4/02/01
4/02/01
5/01/01
5/01/01
6/01/01
6/01/01
7/02/01
7/02/01
8/01/01
8/01/01
9/04/01
9/04/01
10/01/01
10/01/01
11/01/01
11/01/01
12/05/01
12/05/01
1/02/02
1/02/02
2/01/02
2/01/02
$/01/02
$/01/02
4/01/02
4/01/02
5/01/02
5/01/02
&/05/02
7/01/02
7/01/02
8/01/02
8/01/02
9/03/02
9/03/02
10/01/02
10/01/02
11/01/02
11/01/02
12/02/02
12/02/02
1/02/05
1/02/03
2/03/03
2/03/03
3/03/03
3/03/03
HISCELLANEOUS
1,&45
8
942
17
396
23
351
25
329
25
297
29
286
31
267
32
252
17
12
Z
11
1
5
1
7
1
9
1
11
1
12
1
1
15
1
15
1
17
1
15
Z
1
1
.40
.96
.73
.01
.18
· 38
.70
.45
.53
.30
.57
.77
.71
.27
.11
.52
.29
.0:3
.OZ
.67
.72
.02
.65
.63
.80
.59
.51
.58
.47
.19
.05
.59
.32
.60
.36
.79
.52
.92
.82
.89
.76
.16
3888718
5,295.82
TRSN02 (10~02)
PNC ADVISORS
~ PNCBAN~
BARBARA HOLLAND/HERVIN JR
' RECEIPTS OF ZNCOHE
12/26/01
TRANSFER FROH PRINCIPAL
TO COVER CASH REQUEST
TOTAL INCOHE
3888718
800.00
42,948.81
- 16 -
TRSN02 { 10/02!
PNC ADVISORS
PN CBANK
BARBARA
1/20/02
HOLLAND/MERVIN JR
DISBURSEMENTS OF INCOME
TRANSFER TO PRINCIPAL
INCOME ON HAND AND ACCRUED TO
01/20/02 (DATE OF DEATH)
TRUSTEES COMPENSATION
PNC BANK NATIONAL ASSOCIATION
COMPENSATION
MARKET VALUE
5/15/01
5/15/01
6/lq/01
7/16/01
8/14/01
9/17/01
10/16/01
11/14/01
12/14/01
1/15/02
2/14/02
$/14/02
4/16/02
5/14/02
7/16/02
8/14/02
9/16/02
10/16/02
11/14/02
12/16/02
1/14/05
2/14/05
3/14/05
BASED ON PRINCIPAL
1,176.86-
$46.55-
$48.70-
347.45-
349.95-
349.80-
340.23-
$42.69-
$$7,42-
334.31-
333.86-
333.85-
334.70-
335.19-
335.95-
335.45-
336.64-
338.91-
338.50-
340.20-
329.40-
85.78-
86.17-
86.54-
TOTAL INCOME DISBURSEMENTS
3888718
2,261.96-
8,225.08-
10,487.04-
- 17 -
TRSN02 ( ! 0/~.)
PNC ADVISORS
PNCBAN<
BARBARA HOLLAND/MERVIN JR
DISTRIBUTIONS OF INCOME TO BENEFICIARZE~
BARBARA HOLLAND
12/26/01
CASH DISTRIBUTED
TRANSFER TO PRINCIPAL
1/19/02
805.13q UTS BLACKROCK FUNDS LOW DURATION BOND
PORTFOLIO FUND 87
INSTITUTIONAL CLASS
(INCOME INVESTMENT)
MERVIN G HOLLAND JR
12/09/02
CASH DISTRIBUTED
THE VANGUARD GROUP SUCCESSOR
TRUSTEE OF THE AGREEMENT OF TRUST
OF BARBARA R HOLLAND DATED 08/06/98
AS AMENDED 11/20/00
TRUST FOR MERVIN H HOLLAND JR
3/26/03
CASH DISTRIBUTED
TOTAL INCOME DISTRIBUTIONS
8,000.00-
8,200.00-
13,821.2&-
2,qO0.O0-
3888718
8,000.00-
8,200.00-
13,821.26-
2,qO0.O0-
PNC ADVISORS
~ PNCBA~K
BARBARA HOLLAND/HERVZN JR
BALANCE OF INCOME ON HAND
VALUE
$/28/05
3888718
ACQUISiTiON
VALUE
INVESTED CASH'
TOTAL INCORE
q0.51
~0.51
q0.51
q0.51
TRSN 0;~ ItOl02)
PNC ADVISORS
~ PNCBAN~
BARBARA HOLLAND/MERVIN JR
INCOME INFORMATION SCHEDULES - INVESTMENTS HADF
10/2q/01 805.154 UTS BLACKROCK FUNDS LOW DURATION BOND
PORTFOLIO FUND 87
INSTITUTIONAL CLASS
(INCOME INVESTMENT)
3888718
8,200.00
FOR THE PURPOSE OF DISTRIBUTION
THE FOLLOWING SECURITIES HAVE BEEN
REVALUED AS OF 1/20/02
SHARES/
PAR SECURITY NAME
2,112.978 UTS
BLACKROCK FUNDS LARGE CAP VALUE
EQUITY PORTFOLIO FUND 89
INSTITUTIONAL CLASS
977.198 UTS
BLACKROCK FUNDS SELECT EQUITY
PORTFOLIO FUND 95
INSTITUTIONAL CLASS
10,442.866 UTS
BLACKROCK FUNDS LOW DURATION BOND
PORTFOLIO FUND 87
INSTITUTIONAL CLASS
10,027.198 UTS
BLACKROCK FUNDS INTER GOVERNMENT
PORTFOLIO FUND 80
INSTITUTIONAL CLASS
18,810.140 UTS
BLACKROCK FUNDS PA TAX FREE INCOME
PORTFOLIO FUND 39
INSTITUTIONAL CLASS
809.749 UTS
BLACKROCK FUNDS MID CAP VALUE
EQUITY PORTFOLIO FUND 35
INSTITUTIONAL CLASS
425.170 UTS
BLACKROCK FUNDS MID CAP GROWTH
PORTFOLIO FUND 44
INSTITUTIONAL CLASS
EXHIBIT 1
ACCOUNT VALUE
VALUE 1/20/02
29,999.99 26,539.00
38887ig
DIFFER.ENCU
3,460.9q-
14,999.99 11,814.32 3,185.67-
106,593.98 105,681.80 912.18-
101,999.98 104,683.95 2,683.97
203,999.99 204,842.42 842.43
9,999.98 9,968.01 31.97-
5,000.00 3,647.96 1,352.04-
472,593.91 467,177.46 5,416.45-
- 21-
I~. PN CBANK
COURT OF COMHON PLEAS OF CUMBERLAND COUNTY PA
ORPHANS COURT DIVISION
TRUST AGREEMENT OF BARBARA R HOLLAND SETTLOR
DATED 08/06/98 AS AMENDED 11/20/00
TRUST FOR MERVIN H HOLLAND JR
PNC BANK NATIONAL ASSOCIATION AND MERVIN H HOLLAND JR TRUSTEES
PROPOSED SCHEDULE OF DISTRIBUTION
(10102)
PNC ADVISORS
~ PN CBANK
BARBARA HOLLAND/NERVIN JR
PRINCIPAL
BALANCE PER FIRST AND FINAL ACCOUNT
3888718
117,767.q5
117,7&7.q5
- 2 -
PNC ADVISORS
PNCBAN(
BARBARA HOLLAND/HERVIN JR
PRINCIPAL BALANCE FOR DISTRIBUTION
BALANCE FOR DISTRIBUTION
COHPOSED OF
FUNDS
10,442.8&6 UTS BLACKROCK FUNDS LON DURATION BOND
PORTFOLIO FUND 87
INSTITUTIONAL CLASS
&77.198 UTS BLACKROCK FUNDS INTER GOVERNHENT
PORTFOLIO FUND 80
INSTITUTIONAL CLASS
3888718
117,767.45
105,681.80
9,572.65
INVESTED CASH
2,513.00
117,7&7.45
- 3 -
TRSN02 (10~02)
PNC ADVISORS
PN CBANK
BARBARA HOLLAND/HERVIN JR
PRINCIPAL DISTRIBUTION
THE VANGUARD GROUP SUCCESSOR
TRUSTEE OF THE AGREEMENT OF TRUST
OF BARBARA R HOLLAND DATED 08/06/98
AS AMENDED 11/20/00
TRUST FOR MERVIN H HOLLAND JR
RESIDUE 117,767.q5
COMPOSED OF
3888718
3/31/03
CASH TO BE DISTRIBUTED
677.198 UTS BLACKROCK FUNDS INTER GOVERNMENT
PORTFOLIO FUND 80
INSTITUTIONAL CLASS
10,q~2.866 UTS BLACKROCK FUNDS LOg DURATION BOND
PORTFOLIO FUND 87
INSTITUTIONAL CLASS
TOTAL PRINCIPAL DISTRIBUTIONS
2,513.00-
9,572.65-
105,681.80-
117,767.~5-
117,767.q5-
TRSN02 (10102)
PNC ADVISORS
~ PNCBAN(
BARBARA HOLLAND/RERVZN JR
ZNCOHE
BALANCE PER ACCOUNT
ZNCOHE ADDZTZONS
TOTAL ZNCOHE
$888718
~0.51
qO.51
TRSN02 (10/02)
PNC ADVISORS
~ PNCBAKK
BARBARA HOLLAND/HERVIN JR
INCOHE BALANCE FOR DZSTRZBUTZON
BALANCE FOR DISTRIBUTION
COHPOSED OF
3888718
40.51
INVESTED CASH
40.51
40.51
- 6 -
PNC ADVISORS
PN CBANK
BARBARA HOLLAND/HERVZN JR
INCOHE DISTRIBUTION
THE VANGUARD GROUP SUCCESSOR
TRUSTEE OF THE AGREEHENT OF TRUST
OF BARBARA R HOLLAND DATED 08/0&/98
AS AHENDED 11/20~00
TRUST FOR HERVIN H HOLLAND JR
RESIDUE
q0.51
COHPOSED OF
3888718
$/$1/05
CASH TO BE DISTRIBUTED
TOTAL ZNCOHE DISTRIBUTIONS
q0.51-
qO.Sl-
qO.51-
- 7 -
TRSN02 it 1010~)
PNC ADVISORS
~ PN CBANK
$888718
TRUST AGREEHENT OF BARBARA R HOLLAND SETTLOR
DATED 08/06/98 AS AHENDED 11/20/00
TRUST FOR MERVIN H HOLLAND JR
PNC BANK, NATIONAL ASSOCIATION
By_ )~3" ~P:
MERLIN H HOLLA ~'
- 8 -
TRSN02 (10102)
PNC ADVISORS
PN CBANK
COHHONNEALTH OF PENNSYLVANIA
: SS
COUNTY OF CUHBERLAND
CARRIE H VOGELSONG BEING DULY
AFFIRHED ACCORDING TO LAN DEPOSES AND SAYS THAT SHE IS A
TRUST OFFICER OF PNC BANK, NATIONAL ASSOCIATION,ONE OF THE
ACCOUNTANTS NAHED IN THE FOREGOING ACCOUNT AND THAT THE SAID
ACCOUNT IS JUST AND TRUE TO THE BEST OF HER KNONLEDGE AND
BELIEF
AFFIRMED AND SUBSCRIBED TO
BEFORE ME THIS DAY
OF /
I HEREBY CERTIFY THAT ! AM
NOT A DIRECTOR OR OFFICER
OF PNC BANK, NATIONAL ASSOCIATION
DENISE C. SULLEh!DLi~,:~, Not~,ry Public
] Hampden Tw?., Cu~b~d~Rd County
TRSN02 (10102)
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
'SS.
MERVIN G. HOLLAND, JR. being duly affirmed according to law, deposes and says that
he is one of the accountants named in the foregoing Account and that the said account is just
and true to the best of his knowledge and belief.
Affirmed and subscribed to
before me this ~ % "~'"day
of April, 2003.
Notary u~P~ic '~ -,,
MERVIN G. HOLLAND, Jl:~
TRUSTEE
NOTARIAL SEAL
DIANNE LENIG, Notary Public
Lemoyne Borough Cumberland Co.
Expires Dec. 21, 2005
Commission
-23-