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HomeMy WebLinkAbout05-06-09 (2)_l 15056041158 REV-1500 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue Bureau of Individual Taxes County Code Year File Number Po Box zsasol INHERITANCE TAX RETURN 21 08 1020 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 10032008 08161919 Decedent's Last Name ULRICH Suffix Decedent's First Name EVELYN (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE - - REGISTER OF WILLS FILL IN APPROPRIATE BOXES BELOW 0 1. Original Return ^ 4. Limited Estate 6. Decedent Died Testate (Attach Copy of Will) ^ 9. Litigation Proceeds Received 2. Supplemental Return ^ 4a. Future Interest Compromise (date of death after 12-12-82) 7. Decedent Maintained a Living Trust (Attach Copy of Trust) ^ 10. Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) MI B MI ^ 3. Remainder Return (date of death 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. O) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number JOSEPH A• MACRI, VICE PRES• & TRUST OFFICER 717-255-2174 Firm Name (If Applicable) MANUFACTURERS AND TRADERS TRUST COMPANY First line of address P• 0• BOX 2961 Second line of address City or Post Office HARRISBURG State ZIP Code PA 17105 REGISTER OF WILLS USE ONLY r~ . ;~ ,. , ,~ ,, ,. - . ~'~ I . G~ : DATE FILEDi t _~, 'i ~: -~ ~_ - W Correspondent's a-mail address: Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparerotherthan the personal representative is based on all information of which any knowledge. ADDRESS ~~~ - RHOADS 13< SINON LLP, PO BOX 1146 HARRISBURG, PA 17108 PLEASE USE ORIGINAL FORM ONLY Side 1 15056041158 6M46473.000 15D56041158 SIGNATURE OF P O ER THAN PRESENTATIVE uA I t 15[J56D42159 REV-1500 EX Decedent's Social Security Number ], Decedents Name:U L R I C H E V E L Y N g RECAPITULATION 1. Real estate (Schedule A) 1. D•DD 2. Stocks and Bonds (Schedule B) . 2. D - D D 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) . 3. D • D D 4. Mortgages & Notes Receivable (Schedule D). 4. D • D D 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) . 5. 9 4 7 9 • 9 7 6. Jointly Qwned Property (Schedule F) ~ Separate Biliing Requested 6. D - D D 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) ~ Separate Billing Requested 7. 8 9 8 p 8 6• 7 6 8. Total Gross Assets (total Lines 1-7). . 8. 9 D 7 5 6 6 7 3 9. Funeral Expenses & Administrative Costs (Schedule H) . s. 5 3 8 D 0.5 9 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule Ij. 10. 5472 • 92 11. Total Deductions (total Lines 9 & 10) . 11. 59273.51 12. Net Value of Estate (Line 8 minus Line 11) 12. 8 4 8 2 9 3 - 2 2 13. Charitable and Governmentai Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) . 13. D - D D 14. Net Value Subject to Tax (Line 12 minus Line 13) 1 a. 8 4 8 9 3 2 2 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) X .OIL D , D D 15. D•DD 16. Amount of Line 14 taxable at lineal rate x .045 8 4 8 293.21 16• 38173 • Z 9 17. Amount of Line 14 taxable at sibling rate X .12 D• D D 17• D• D D 18. Amount of Line 14 taxable at collateral rate X .15 D• D D 18• D• D D 19. TAX DUE . 1s. 38173.19 20. FILL IN THE BOX IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 L„~ 15056042159 snnasaaz.ooa 15056D42159 J REV-1500 EX Page 3 11..w•,.1 sr.~'c Cmm~ln4n AArlrcce• File Number DECEDENTS NAME ULRICH EV LYN B STREET ADDRESS CUMBERLAND CITY STATE ZIP MECHAN CSBURG - Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) 2. CreditslPayments A. Spousal Poverty Credit ~ • ~ ~ B. Prior Payments • ~ C. Discount 17 3 6 • 8 4 3. Interest/Penalty if applicable D. Interest ~ • ~ ~ E. Penalty ~ • ~ ~ (1) 38173 •19 Total Credits (A + g+ C) (2) 3 4 7 3 6 • 8 4 Total InteresUPenalty (D + E) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in box on Page 2, Line 20 to request a refund. 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. A. Enter the interest on the tax due. (3) 0•~~ (4) ~•~~ (s) 3436.35 (5A) 0 • ~ 0 B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) 3 4 3 6.3 5 Make Check Payable to: REGISTER OFWILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: a. retain the use or income of the property transferred; . b. retain the right to designate who shall use the property transferred or its income; .. ... . . interest; or retain a reversiona ~ 0 . .. ry c. ' rfe of either payments, benefits or care? d. receive the promise for 1 2. if death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? . . X 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 R AS PART OF THE RETURN. For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exemlZt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. 9116(1.2) [72 P.S. §9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. >39116(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. 6M467t 1.000 REV-'1508 EX + (6-98) SCHEDULE E COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, & MISC. INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Evel n B. IIlrich 21 08 1020 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointlyowned with the right of survivorship must be disclosed on Schedule F. VALUE AT DATE ITEM OF DEATH NUMBER DESCRIPTION _ _ _ _. 1 Household and personal articles Valued per attached listing. 2 M&T Bank Checking Acct. #61201421 Interest accrued to 10/3/2008 3 Cash in decedent's room 4 Checks in decedent's possession 3W46AD 1.000 TOTAL (Also enter on line 5, Recapll (If more space is needed, insert additional sheets of the same size) 1,997.00 6,685.22 0.23 197 .52 600.00 9,479.97 REV-1510 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY ATE OF FILE IVUMSER Evelyn B IIlrich 21 08 1020 __ This schedule must be completed and tiled if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM NUMBE DESCRIPTION OF PROPERTY INCLLAETFENAMEOF7HE7RANSFEREE,THE~RRELA710NSHIPTODECEDENTAND T}EDATEOFTRAiJSFER.ATTACHACOFYOF7HEDEEDFORREALESTATE DATE OF DEATH VALUE OF ASSET %OFDECD'S INTEREST EXCLUSION IF APPLICABLE TAXABLE VALUE ~~ Revocable Living Trust dated January 20, 1989, with Dauphin Deposit Bank and Trust Company (now Manufacturers and Traders Trust Company), as Trustee. At decedent's death, the Trust assets passed to her estate. 898,086.76 100.0000 0.00 898,086.76 Copy of Trust Agreement and valuation of assets are attached. TOTAL (Also enter on Vine 7, Recapitulation) I $ occ nQC 7c (If more space is needed, insert additional sheets of the same size) 3W46AF 1.000 REV-t 5t 1 Ex + (10-06) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADM{NISTRATIVE COSTS ESTATE OF FILE NUMBER Psvelyn B. Ulrich 21081020 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1 Robert T. Ulrich, reimbursement for memorial flowers, pastor, luncheon and organist 739.09 Total from continuation schedules . B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Manufacturers & Traders Trust Companv Street Address 213 Market Street, P. O. Box 2961 City Harrisburg State PA Zip 17105 Year(s) Commission Paid: 2 0 0 9 2. 3. 4. 5. 6. 7. 1 Attorney Fees Rhoads & Sinon LLP Family Exemption: (1f decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Zip Relationship of Claimant to Decedent Probate Fees Accountant's Fees Tax Return Preparer's Fees The Patriot-News Co., advertising grant of Letters Testamentary Total from continuation schedules . 2,761.00 30,240.00 18,250.00 702.00 372.96 735.54 7W46AG t.000 TOTAL (Also enter on line 9, R (If more space is needed, insert additional sheets of the same size) 53,800.59 Estate of: Evelyn B. Ulrich Schedule H Part 1 (Page 2) Item No. Description 2 Auer Memorial Home and Cremation Services, Inc., funeral and related services 3 Paxtang Cemetery Association 4 Evans Cemetery Memorials 21 OS 1020 Amount 1,481.00 730.00 550.00 Total (Carry forward to main schedule) 2,761.00 Estate of: Evelyn B. Ulrich Schedule H Part 7 (Page 2) 21 os 1020 2 Cumberland Law Journal, advertising grant of Letters Testamentary 75.00 3 Rhoads & Sinon LLP, reimbursement for out-of-pocket expenses 250.00 4 Manufacturers and Traders Trust Company, fee for 2008 tax preparation 400.00 5 Certified mailing costs 10.54 Total (Carry forward to main schedule) 735.54 REV-1552 EX + 02.08) pennsylvania SCHEDULE DEPARTMENTOF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES & LIENS RESIDEM DECEDENT ESTATE OF FILE NUMBER Evelyn B. Ulrich 21 08 1020 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1~ Verizon, balance due 41.58 2 Alert Pharmacy Services, Inc. 10.84 3 Messiah Village, balance due 4,622.50 4 United States Treasury, balance due on Decedent's final 1040 (2008) 290.00 5 PA Department of Revenue, balance due on Decedent's final PA 40 (2008) 508.00 TOTAL (Also enter on Line 10 Re awasAH 2.00o If more space is needed, insert additional sheets of the same size. REV-1513 EX+ (11-08) pennsylvania DEPARTMENiOF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF FILE NUMBER ~vel n a . uiricn 21 0 8 1020 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE 1 TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 2116 (a) (1.2).] 1. Robert T. Ulrich 1811 Kyrle Terrace The Villages, FL 32162 Household and personal articles Inventory Value: 665.67 One Third of Residue: 282,098.73 Son 282,764.40 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 1 8 OF REV-1500 COVER SHEET, AS APP ROPRIATE. ~~ NON-TAXABLE DISTRIBUTIONS: A SPOUSAL DISTRIBUTIONS UNDER SECTION 2113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $ 0 . 0 0 awasAi 2.00o It more space Is neetletl, insert additional sheets of the same size. Estate of: Evelyn B. IIlrich Schedule J Part 1 (Page 2) Item No. Description 2 John D. IIlrich 2459 Wedgewood Drive Wexford, PA 15090 Household and personal articles Inventory Value: 665.67 One Third of Residue: 282,098.74 3 Sheryl Ann Hazlett 15 Sturbridge Drive Wilmington, DE 19810 Household and personal articles Inventory Value: 665.67 One Third of Residue: 282,098.73 Son Relation Daughter 21 OS 1020 Amount 282,764.41 282,764.40 LAST WILL AND TESTAMENT OF EVELYN B. ULRICH I, EVELYN B. ULRICH, of Paxtang, Dauphin 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. I am married to SAMUEL D. ULRICH (hereinafter referred to as "My Spouse"). 1. TANGIBLE PERSONALTY. I give and bequeath all of my household furniture and furnishings, automobiles, other motor vehicles, books, pictures, jewelry, china, crystal, appliances, silverware, wearing apparel, articles of household or personal use or adornment, collections, artworks, boats and recreational equipment and vehicles, together with all policies of insurance thereon, to My Spouse, if My Spouse survives me. If My Spouse does not survive me, I give such articles to my then living children in as nearly equal shares as they shall select under the supervision of my Executor. If any such articles cannot be 415283.1 page 1 of 14 pages fairly divided or distributed in kind in the opinion of my Executor, such articles shall be sold and the proceeds thereof shall pass as a part of my residuary estate. 2. UNIFIED CREDIT TRUST. I give, devise and bequeath to my Trustee hereinafter named, IN TRUST NEVERTHELESS, to be held, administered and disposed of in accordance with this ITEM for the benefit of My Spouse and my issue (herein referred to as the "Unified Credit Trust") an amount equal to the sum of the balance of the dollar amount not taxed in my estate due to the application to my estate of (i) the applicable credit amount against federal estate tax permitted under Section 2010 of the Internal Revenue Code of 1986, as amended, or any subsequent successor or parallel provision thereto (the "Applicable Credit Amount"), after deducting therefrom the value, for federal estate tax purposes, of (a) assets included in my federal gross estate which pass or have passed other than under the terms of this Will and which will utilize a portion of the Applicable Credit Amount, (b) any bequests under the preceding ITEMS of this Will which will utilize a portion of the Applicable Credit Amount and (c) adjusted taxable gifts not included in my federal gross estate ` Page 2 of 14 but included in the computation of the tentative federal estate tax in my estate; 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, other than Pennsylvania Inheritance or Pennsylvania Estate Taxes, owing by my estate). My Trustee shall have, hold, manage, invest and reinvest the assets of the Unified Credit Trust, collect the income and (a) If My Spouse survives me, beginning at my death, my Trustee shall pay over the net income of the Unified Credit Trust to My Spouse during My Spouse's lifetime, in installments not less frequently than quarterly. In addition, my Trustee shall pay to My Spouse such amounts of the principal of such trust as, in the sole discretion of my Trustee, shall be necessary for the maintenance, support and medical and nursing care of My Spouse, taking into consideration any other means readily available for such purposes. (b) Upon the death of the survivor of My Spouse and me, my Trustee shall distribute the principal and any undistributed income of the Unified Credit Trust to my issue then living, per stirpes; provided, however, that should any such issue be the issue of a deceased child of mine and shall not then have attained the age of twenty-one years, each such issue's share shall be retained by my Trustee, IN TRUST NEVERTHELESS, each to be held, administered and disposed of as a separate trust estate in accordance with ITEM 4 for the benefit of each such issue (the "Grandchild's Trust"). 3. RESIDUE. I give, devise and bequeath all of the rest, residue and remainder of my property, real, personal and Page 3 of 14 mixed, not disposed of in the preceding portions of this Will, including all property over which I hold a power of appointment (which powers of appointment I hereby exercise in favor of my estate), to My Spouse, if my Spouse survives me. If My Spouse does not survive me, I give and bequeath said residue to my issue then living, per stirpes; provided, however, that should any such issue be the issue of a deceased child of mine and shall not then have attained the age of twenty-one years, each such issue's share shall be retained by my Trustee, IN TRUST NEVERTHELESS, each to be held, administered and disposed of as a separate trust estate in accordance with ITEM 4 for the benefit of each such issue (the "Grandchild's Trust"). 4. GRANDCHILD'S TRUST. My Trustee shall have, hold, manage, invest and reinvest the assets of each Grandchild's Trust, collect the income and (a) Until the beneficiary of the Grandchild's Trust (the "Grandchild") shall have attained the age of twenty-one years, my Trustee shall from time to time pay to or for the benefit of the Grandchild such amounts of the net income and principal of the Grandchild's Trust as, in the sole discretion of my Trustee, shall be necessary for the Grandchild's maintenance, support, medical and nursing care and education, including college and graduate education, taking into consideration any other means readily ' Page 4 of 14 available for such purposes. At the end of each year any unexpended income shall be added to the principal of the Grandchild's Trust. (b) After the Grandchild shall have attained the age of twenty-one years, my Trustee shall distribute the remaining principal and any undistributed income of the Grandchild's Trust outright to the Grandchild. If the Grandchild shall have died before attaining that age, my Trustee shall distribute the then remaining principal and any undistributed income to the issue then living of the parent of the Grandchild who was a child of mine, per stirpes, or, if such parent shall have no issue then living, to my issue then living, per stirpes; provided, however, in either event, if any such beneficiary is then a beneficiary of a Child's Trust or Grandchild's Trust hereunder, the share of such beneficiary shall be added to the principal of such Child's Trust or Grandchild's Trust as if an integral part thereof, to be held, administered and disposed of in accordance with the terms thereof. 5. SPENDTHRIFT PROVISION. No interest in income or principal of my estate or 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 of my estate or of any trust created hereunder prior to the beneficiary's actual receipt thereof. My Executor or Trustee 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 Page 5 of 14 specifically provided herein), pledging or assignment by any beneficiary of my estate or of any trust created hereunder and without regard to any claim thereto or attempted levy, attachment, seizure or other process against said beneficiary. 6. SURVIVAL PRESUMPTIONS. Any person who shall have died at the same time as I or under such circumstances that it is difficult or impossible to determine who shall have died first, shall be deemed to have predeceased me. Any person other than me who shall have died at the same time as any then beneficiary of income of my estate or 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. 7. FIDUCIARY POWERS. In the settlement of my estate and during the continuance of any trust created hereunder, my Executor and my Trustee shall possess, among others, the following powers, exercisable without prior court approval, but in all cases 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 or Trustee may deem it Page 6 of 14 advisable to my estate or trust so to do, including securities owned, issued or underwritten by any corporate Executor or Trustee or any of their affiliates. (b) To vary investments, when deemed desirable by my Executor or Trustee, and to invest in such bonds, stocks, notes, real estate mortgages or other securities or in such other real or personal property, including securities owned, issued or underwritten by any corporate Executor or Trustee or any of their affiliates, or as to which my corporate Executor or Trustee or any of their affiliates are investment advisors, as my Executor or Trustee shall deem wise, without being restricted to so called "legal investments". (c) In order to effect a division of the principal of my estate or trust or for any other purpose, including any final distribution of my estate or trust, my Executor or Trustee 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 or Trustee 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 or Trustee may deem advantageous to my estate or trust, any or all real or personal estate or interest therein owned by my estate or trust severally or in conjunction with other persons or acquired after my death by my Executor or Trustee, and to consummate said sale or sales by sufficient deeds or other instruments to the purchaser or purchasers, conveying a fee simple title, Page 7 of 14 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 or Trustee 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 or Trustee, to pay indebtedness of mine or of my estate or trust, expenses of administration, Death Taxes or other taxes. (g) To pay all costs, expenses, legally enforceable debts, funeral expenses and charges in connection with the administration of my estate or trust. (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 or Trustee, to unite with 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 or trust. (j1 To assign to and hold in my estate or trust an undivided portion of any asset. Page 8 of 14 (k} To hold investments in the name of a nominee. (1) To compromise controversies. (m) To disclaim, in whole or in part, any and all interests in property owned by me at the time of my death, including those passing to me by Will, intestacy, contract, joint ownership, operation of law or otherwise. (n) To divide any trust hereunder into two or more separate, but identical, trusts. To divide any trust hereunder which would have a generation skipping transfer tax inclusion ratio other than one (1) or zero (0), into two (2) separate trusts which are fractional shares, known as the "exempt trust" and the "nonexempt trust". The exempt trust is that fractional share of the total trust fund that has a generation skipping transfer tax inclusion ratio of zero (0), and the nonexempt trust is the remaining factional share of the trust, with a generation skipping transfer tax inclusion ratio of one (1). The terms and conditions of the nonexempt trust and the exempt trust will be identical. Any reference to a trust created under this, Will, without a further specification or limitation, shall be deemed to refer to both the exempt trust and the nonexempt trust, in proportionate amounts, where relevant. The assets of each separate exempt and nonexempt trust shall be held, administered and invested as separate trusts, and my Trustee shall maintain adequate accounting and records for both such trusts. My Executor shall indicate on the federal estate tax return filed for my estate that separate trusts will be created (or funded) and clearly set forth the manner in which the trust is to be severed and the separate trusts funded. (o) To designate one or more persons or a corporation to act as ancillary fiduciary in any Page 9 of 14 jurisdiction in which ancillary administration may be necessary, such ancillary fiduciary to serve without bond or security and to have all powers, authorities and discretions conferred hereunder. (p) To employ and compensate from income or principal, in the discretion of my Executor or Trustee, investment and legal counsel, accountants, brokers and other specialists, and, whenever there shall be no corporate Executor or Trustee in office, a corporate custodian, and to delegate to investment counsel discretion with respect to the investment and reinvestment of any or all of the assets held hereunder. 8. EXCULPATORY CLAUSES. In the settlement of my estate: (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. 9. TAX CLAUSE. All inheritance, estate and similar taxes becoming due by reason of my death ("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 Page 10 of 14 the property passing under ITEM 3 of this Will as an expense and cost of administration of my estate; provided, however, that if any property held in any testamentary or inter vivos trust created by My Spouse is includable in my estate for purposes of any Death Tax, then any Death Tax attributable to the inclusion of any such property in my estate for the purposes of that Death Tax shall be paid out of such property or by the recipients of such property; and, if such Death Taxes are nevertheless paid by my Executor, I direct my Executor to obtain reimbursement or contribution for any such taxes paid by my Executor. Except to the extent above provided, 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. 10. TRUST TERMINATIONS. (a) If there should be established by My Spouse, either by Last Will and Testament or by inter vivos Deed or Agreement, trusts similar to the trusts herein established for the benefit of my issue, my Trustee shall have the right and power to merge trusts herein established with similar trusts for the same beneficiaries established by My Spouse and to operate each of the merged trusts as a single trust. Page 11 of 14 (b) If, in the opinion of my Trustee, at any time any trust hereunder is or becomes too small to justify its maintenance as a separate trust, my Trustee, in my Trustee's sole discretion and without the necessity of court approval, shall terminate such trust by distributing all the income and principal of the trust to the then income beneficiary of said trust. If any additions to any such trust are received after its termination under this ITEM, such trust shall be revived and this provision shall continue to apply to it. 11. EXECUTOR POWERS REGARDING BASIS ADJUSTMENT. I hereby authorize my Executor in my Executor's sole and absolute discretion to allocate any adjustments to the income tax basis of assets of my estate to such assets as my Executor deems to be appropriate. I recognize that this power gives my Executor broad latitude, which I wish my Executor to exercise while taking into account such factors as my Executor deems beneficial to all of the beneficiaries of my estate. My Executor shall not be liable for any loss to my estate or to any beneficiary of my estate resulting from such allocation made in good faith. 12. EXECUTOR APPOINTMENT. I hereby appoint My Spouse, SAMUEL D. ULRICH, and ALLFIRST TRUST COMPANY OF PENNSYLVANIA, N.A., as Executors of this Will. If for any reason either of them should fail or cease to act, the other shall act or continue Page 12 of 14 to act with all of the powers granted to the two of them. All references in this Will to my "Executor" shall refer to my originally named Executors or to my sole successor Executor, as the case may be. 13. TRUSTEE APPOINTMENT. I hereby appoint ALLFIRST TRUST COMPANY OF PENNSYLVANIA, N.A., as Trustee of any trust created hereunder. My Spouse shall be authorized, by written notice directed to the Trustee, to remove any corporate Trustee, for any reason, without cause and without Court approval, and replace said corporate Trustee with another corporate Trustee having fiduciary powers. Any Trustee serving hereunder shall have the right to resign from such office at any time, with or without cause and without Court approval. No successor Trustee shall be liable for the actions of a resigning or removed Trustee occurring prior to such successor Trustee taking office. All references in this Will to my "Trustee" shall. refer to my originally named Trustee or to a successor Trustee, as the case may be. 13. WAIVER OF BOND; FIDUCIARY FEES. My Executor and Trustee shall qualify and serve without the duty or obligation of Page 13 of 14 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. Compensation payable to my individual fiduciary shall be in addition to that payable to the corporate fiduciary. IN WITNESS WHEREOF, I have set my hand and seal to this, my Last Will and Testament, consisting of this and the preceding thirteen (13 ) pages, this r J day of Q; ~:~,.~~ , 2002. 1'~~, ` ~~`~ ( SEAL ) Eve r B. Ulrich We, the undersigned, hereby certify that the foregoing Will was signed, sealed, published and declared by the above- named Testatrix as and for her Last Will and Testament, in the presence of us, who, at her request and in her presence and in the presence of each other, have hereunto set our hands and seals the day and year above written, and we certify that at the time of the execution thereof, the said Testatrix was of sound and disposing mind memory. i ~ , ~~'~"~~ ) Residing at : CP ~' `~ ~L~ ~'''~' `z~,`~~ c~-t~,~~1L~----" _~ ( SEAL) Residing at : ~ ~ a (N ~4 ~. ,,? ~' i ' ~ v15„' ''~~ VC' Page 14 of 14 COMMONWEALTH OF PENNSYLVANIA 1'n SS: COUNTY OF '" 1 . We, Evelyn .B. Ulrich, ~~ - ~~~rs~ and ~Q.~i~LQ~ ~'/~"~~(.Dthe Testatrix and the Witnesses, respectively, whose names are signed to the foregoing instrument, having been sworn, do hereby declare to the undersigned officer that the Testatrix, in the presence of the witnesses, signed said instrument as her Last Will and Testament, that she signed voluntarily, that each of the Witnesses, in the presence of the Testatrix and of each other, signed said Will as a Witness and that to the best of the knowledge of each Witness, the Testatrix was at the time of sound mind and under no constraint or undue influence. Subscribed and acknowledged before me by EVELYN B. ULRICH, the Testatrix, and subscribed and sworn to before me by ' 'V ,~`~-i UV • ~~~~~ and ~1~~,Q. J ~,11L~.~U ~5~ ~Q, the Witnesses, on this 5th day of ~1~~1.~~ ~, 2002. Notary ~blic My Commission Expires: (SEAL ) Dana L. Wiese~man ~N~ City of Harrisburg, Dau~ Couinty My Commission Expirts Nov, f 5, 2004 Member, Pennsytyant3 Lion of Notaries Two side arm Hitchcock chairs 100.00 ~ One straight back Hitchcock chair 35.00 ~ One Mapie Desk 30.00 ~ One Large Wall Mirror 20.00 ~ One Swivel/Recliner Chair 600.00 "' Two side wicker tables with giass tops 20.00 ~ One Piecrust Table 25.00 ~ Brass Lamp 10.00 ~ One leather top coffee table 20.00 '~ One drum table 10.00 ~ One Lingerie Chest 75.00 ~ One three-drawer night stand 25.00 ~ One walker with brakes 10.00 X One Queen Anne Chair 10.00 ~ One Wooden Pedistei 5.00 X One Piaster of Paris Pedistel 5.00 X One Floor Lamp with Milk Glass Shade 10.00 ~ One Hurricane Lamp 10.00 y One Blue GingerJar Lamp 5.00 ~ One Walker 5.00 X One Shell Shaded Desk Lamp 5.00 ~ One Bubble Glass Framed Grandparents picture 50.00 X One Brass Floor Lamp 10.00 v One woven patio chair 5.00 ~ One urge button telephone 5.00 X One Linden Wall Clock 35.00 ~ Magnifying Light 5.00 X WaA Clock 1.00 X Aunt Elizabeth State Map of Flowers 1.00 X Jewelry 800.00 ~ Bose Radio 50.00 ~ legend ~ =Picture Included X =Picture Not Included $1,997.00 12 18 2008 ~ I DAY HIELD -- vet n rich Room fnven4o .doc~ ~ ~ ~ ~ ~~~ ~ ~ ~ ~~ ~~ ~ ~ ~ Pa e 1 Evelyn Ulrich Room Inventory- October 6, 2008 Maple Desk and Wall Mirror and Shell-Shaded Desk Lamp Straight back Hitchcock chair Swivel Recliner Chair Side-arm Hitchcock Chair (2) 12 18 2008 LI SAY NI LD -'>r~el n Ulrich Roorn Inventor oc ~ ~ ~ ~ ~ ' " ~ ., Pa ~ e~2 Leather top coffee table Piecrust Table and Brass Lamp Lingerie Chest Drum table and Floor Lamp with Milk Glass Shade 12 18 2008 ~LIND AY HELD - Evel .~. rich Room I~riventor .doc ~ `~ ~ ' ` ~ ~~ ' ' ~ ' ` `°" Pa a ~4 Bose Radio and Three-drawer Night Stand and Queen Anne Chair Ginger Jar Lamp 12 18 2408 LIN AY SH ELD - Evel n Ulrich Room nveritor ~.doc ~ ~ ~ ~ ~ `~ .__"` ~~' "'~~'~~` "' ~`~" ~ a e 5 12 18 2408 LIND Ali... HIELD - wel n Ulrich ~ oom~lnventory.doc ~ ~~ ~ ~ ~ ~ - ~ ~ ~~ Pale 6 Jewelry REVOCABLE LIVING TRUST by and between EVELYN $. ULRICH Settlor and DAUPHIN DEPOSIT BANK AND TRUST COMPANY TRUSTEE ~) Dauphin Deposit Bank and Trust Company Member FDIC. I Evelyn B . Ulr..i ch (Settlor) of Harrisburg, PA hereby transfer to Dauphin Deposit Bank and Trust Company (hereinafter called the Trustee), a Pennsylvania bank and trust company, the property described in the attached Schedule, to be held in Trust as follows: FIRST: Dispositive Provisions For My Benefit-During my lifetime: A. All of the net income shall be paid to me at least quarterly or shall be paid or accumu- lated and added to principal, as I may direct in w-:;;ng; B. As much of the principal as I may from time to time request in writing shall be paid to me, or as I may otherwise direct; C. lf, in the Trustee's opinion, I am at any time unable to act or to apply the payments to my own best interest and advantage, the Trustee may apply directly for my benefit as much of the income and/or principal as the Trustee may, from time to time, deem appro- priate for ( m )welfare, comfort, support or emergency needs and may add to princi- pal as much o~ the income as the Trustee deems advisable. D. Trustee shall keep true and correct books of account, which books of account shall at all reasonable time~be open to the inspection of Settlor or his duly appointed representa- tive. Trustee shall also quarterly render Settlor a detailed statement showing all receipts and disbursements on account of *.he trust estate and the manner and form in which the trust estate is invested at the time of the rendition of such statement. SECOND: Dispositive Provisions After My Death-Upon my death while the trust continues, the Trustee shall pay the then-remaining principal and income to my Executor or Administra- tor for disposition as part of my estate. THIRD: Right to Revoke and Amend: I reserve the right to revoke or amend this trust, in whole or in part, at any time and from time to time by an instrument in writing, delivered to the Trustee and intended to take effect during my lifetime; except that the duties, powers and liabilities of the Trustee shall not be changed without its written consent. The Trustee reserves the right, at any time upon thirty (30) days advance written notice to me, to resign the trust and deliver the trust estate to me, after deducting therefrom its fees and any expenses then due and payable. FOURTH: Additions to Trust: Subject to the approval of the Trustee, either I or any other entity may add property, real and personal, to the principal of this trust. FIFTH: Trustee's Powers: In addition to the powers granted by law, my Trustee shall have the following discretionary powers, applicable to principal and income, which shall be exercis- able without leave of court and shall continue until distribution is actually made: A. To accept and retain any or all property, including stock or other securities of the Trustee or of a holding company controlling the Trustee; B. To invest in all forms of property (including, but not by way of limitation, real estate, all types of sto~i<s,.bonds, options, and participations in common trust funds and money market funds); without being confined to investments prescribed by statute and without being required to diversify; C. To buy investments at a premium or discount; D. To hold property unregistered or in the name of a nominee; E. To give proxies, both ministorial and discretionary; F. To compromise claims; G. To join in any merger, consolidation, reorganization, voting trust plan, or other con- certed action of security holders, and to delegate discretionary duties with respect thereto; H. To borrow from Dauphin Deposit Bank and Trust Company or from others, and to pledge real or personal property as security therefor, to loan cash or securities upon such terms and conditions as trustees deem appropriate. I. To sell at public or private sale for cash or credit or partly for each, to exchange, to im- prove, or to lease for any period of time, any real or personal property; and to give options for sales, exchanges, or leases. J. To allocate any property received or charge incurred to principal or income or partly to each, without being obliged to apply the usual rules of trust accounting; K. To distribute in cash or in kind or partly in each; L. To retain any part or all of my business interests held in this Trust as long as the Trustee considers it advisable to do so; and to conduct, alone or with others, any such business in which I am engaged, with all the powers of an owner or with respect thereto, including the power to delegate discretionary duties to others and to pay adequate com• pensation to any such person; to invest other property in such business, and to incor- porate it or change its form. SIXTH: Compensation: The trustee shall be compensated in accordance with its standard schedule of charges in effect from time to time during the period of its services, and this com- pensation shall be paid from principal or income or partly from each in the sole discretion of the Trustee. SEVENTH: Non•Assignment: No part of the income or principal of the property held under this Trust shall be subject to attachment, lev~~ or seizure by any creditor, spouse, assignee or trustee or receiver in bankruptcy prior to actual receipt thereof. The Trustee shat! pay over the net income and the principal to the persons herein designated, as their interests may appear, without regard to any attempted anticipation (except as specifically provided in this agree- ment), pledging or assignment under the Trust, and without regard to any claim thereto or attempted levy, attachment, seizure or other process against me. EIGHTH: Law Governing Trust: This trust is created and accepted in the Commonwealth of Pennsylvania and shall in all respects be governed by its laws and shall .have its situs at Cumberland County, Pennsylvania. Executed on ~:4~.1- ~ ~ , 19~'Y . NOTE Before executing this document you may want to consult with your Attorney to as- sure that your wishes are being set forth accurately and in proper legal form. j:,~~~~i ~~, y,..L.u•i.,, TI l ~ ' ~' (SEAL) Settloi' The foregoing trust is hereby accepted. Executed on January 23 , 1989 COMMONWEALTH OF PENNSYLVANIA l COUNTY OF DAUPHIN )} Dauphin D Sit Bank and Trust Compan By ~~~.~~ ~~~ (title) Vice President and Trust Officer On this, the 20th day of January , 198 9 ,before me, a notary public in and for the said Commonwealth and County, personally appeared Evelyn B . Ulrich , known to me (or ~aiisfactorily proven) to be the person whose name is subscribed to the foregoing Revocable Living Trust and acknowledged that helshe executed the same for the purposes therein contained. '~ /. WITNESS my hand and notarial seal. _.,. ._ ~ / MARYANN ANCErSO~i, NOTARY PU~10t ry`Ptf HP.RRiS5UR~, DAUPHIN CORN i YM omm tbYCOMDfISS1GN SXPiRESCCT. 30, ! L' h!em~r, perrisy'r~ra:,k: tc~: _....... .. _ .~. -~ bliC fission Expires: Estate Valuation Date of Death: 10/03/2008 Estate of: Evelyn Ulrich Valuation Date: 10/03/2008 Account: Evelyn Ulrich T/A Processing Date: 12/18/2008 Report Type: Date of Death Number of Securities: 21 File ID. Ulrich, Evelyn Shares Security Mean and/or Div and Int Security or Par Description- High/Ask Low/Bid Adjustments Accruals Value 11 71413.7 Cash (CASH) 71,413.70 MTB Money Market 2) 3000 AT&T INC (002068102) COM New York Stock Exchange 10/03/2008 29.37000 27.86000 H/L 28.615000 3) 559 COMCAST CORP NEW (20030N101) CL A The NASDAQ Stock Market LLC 10/03/2008 19.27000 18.38000 H/L 18.825000 4) 14 FAIRPOINT COMMUNICATIONS INC (305560104} COM New York Stock Exchange 10/03/2008 8.00000 6.60000 H/L 7.300000 Div: O.Z575 Ex: 09/26/2008 Rec: 09/30/2008 Pay: 10/17/2008 5} 776 VERIZON COMMUNICATIONS INC (92343V104) COM New York Stock Exchange 10/03/2008 32.00000 31.08000 H/L 31.540000 61 324 wACHOVIA CORP NEW (929903102) COM New York Stock Exchange 10/03/2008 7.05000 5.25000 H/L 6.150000 7- 1500 ALLIBD IRISH BKS PLC (019228402) SPON ADR ORD New York Stock Exchange 10/03/2008 20.90000 18.18000 H/L 19.540000 8) 7690.047 FEDERATED EQUITY FDS {314172560) STRT VAL USD I Mutual Fund (as quoted by NASDAQ} 10/03/2008 4.51000 Mkt 4.510000 9) 671.062 HARBOR FD {411511504) CAP APPR INSTL Mutual Fund (as quoted by NASDAQ} 10/03/2008 28.05000 Mkt 28.050000 10} 2236.204 ADVISORS INNER CIRCLE FD (00758M639) LSV VAL BQ FD Mutual Fund (as quoted by NASDAQ) 10/03/2008 12.89000 Mkt 12.890000 11) 4630.707 MTB GROUP FDS (553767601} EQTY INCM II Mutual Fund (as quoted by NASDAQ) 10/03/2008 5.19000 Mkt 5.140000 12) 2957.203 MTB GAOUP FDS (553767882) EQ INDEX I I Mutual Fund (as quoted by NASDAQ) 10/0312008 9.10000 Mkt 9.100000 85,845.00 10,523.18 102.20 3.61 29,475.09 1,992.60 29,310.00 34,682.11 18,823.29 28,824.67 24,033.37 26,910.55 Page 1 This report was produced with EstateVal, a product of Estate Valuations & Pricinq Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.3) Date of Death: 10/03{2008 Valuation Date: 10/03/2008 Estate of: Evelyn Ulrich Proce ssing Date: 12/18/2008 Account: Evelyn Ulrich T/A Report Type: Date of Death Number of Securities: 21 File ID: Ulrich, Evelyn Shares Security Mean and/or Div and Int Security or Par Description High/Ask Low/Bid Adjustments Accruals Value 13) 2059.982 ROWS T PRICE DIVID GROWTH FD {779546100) COM Mutual Fund (as quoted by NASDAQ) 10/03/2008 19.76000 Mkt 19.760000 40,606.44 14) 2271.795 VANGUARD INDEX FDS (922908905) VALUE PTFL Mutual Fund (as quoted by NASDAQ} 10/03/2008 19.44000 Mkt 19.940000 44,163.69 15} 5667.518 FEDERATED TOTAL RETURN SBRS (31928Q101) TOTL RET INSTL Mutual Fund (as quoted by NASDAQ) 10/03/2008 10.29000 Mkt 10.290000 58,318.76 16) 1534.053 MTB GROUP FDS (553767817) INTRM BD I I Mutual Fund (as quoted by NASDAQ) 10/03!2008 9.83000 Mkt 9.830000 15,079.74 17) 5258.927 MTB GROUP FDS (55376V705) US GV BD I I Mutual Fund (as quoted by NASDAQ) 10/03/2008 9.42000 Mkt 9.420000 49,539.09 18) 1038.422 RIDGEWORTH FDS (766287678) SEIX FLRT HI I Mutual Fund (as quoted by NASDAQ) 10/03/2008 8.48000 Mkt 8.980000 8,805.82 19) 3815.763 VANGUARD PIXED INCOME SECS FD (922031109) L TRM INVGRD I Mutual Fund (as quoted by NASDAQ} 10/03/2008 8.02000 Mkt 8.020000 30,602.42 20) 3118.459 MTB GROUP FDS (5537673121 PA MUN BD A Mutual Fund (as quoted by NASDAQ) 10/03/2008 9.56000 Mkt 9.560000 29,812.47 21) 27637.972 MTB GROUP FDS (553767288) PA MUN BD I I Mutual Fund (as quoted by NASDAQ) 10/03/2008 9.56000 Mkt 9.560000 264,219.01 Total Value: $898,083.15 Total Accrual: $3.61 Total: $898,066.76 Page 2 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. 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