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HomeMy WebLinkAbout02-0200 PETITION FOR PROBATE and GRANT OF LETTERS Estate of Beulah M. Steckel No 21-02- ~O 0 also known as To: Register of Wills for the County of Cumberland in the Social Security No. 157-01-3003 Commonwealth of Pennsylvania The petition of the undersigned respectfully represents that: Your petitioner(s), who is/are 18 years of age or older and the ex, ecutor named in the last will of the above decedent, dated November 4, 1998 and codicil(s) dated N/A (state relevenat circumstances, e.g. renunciation, death of executor, etc.) Decedent was domiciled at death in Cumberland County, Pennsylvania, with her last family or principal residence at Cumberland Crossings Retirement Community, 1 Longsdorf Way, S. Middleton Twp., Carlisle (list street, number and municipality) s~t .Or< Decedent, then 84 years of age, died a2-/~- ~w_-. at South Middleton Township, Cumberland County 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: No Exceptions Decedent at death owned property with estimated values as follows: unestimated (If domiciled in Pa.) All 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: Total: unestimated WHEREFORE, petitioner(s) respectfully request(s) the probate of the last will and codicil(s) presented herewith and the grant of letters testamentary (testamentary; administration c.t.a.; administration d.b.n.c.t.a.) thereon. Faul H. Steckel 2625 Scout House Road Slatington PA 18080 OATH fOP' PERSONAL RI~PRSENTATIVE COMMONWEATLH OF PENNSYLVANIA COUNTY OF CUMBERLAND The petitioner(s) above-named swear(s) or affirm(s) that the statement in the foregoing peition are true and correct to the best of the knowledge and belief of petitioner(s) and that as personal represen- tative(s) of the above decedent petitioner(s) will well and truly administer~the est te according to law. Sworn to or affirmed and subscribed before me this 20th day of February, 200~ ~ /? . /I// ~. Mhr:¢ ?r~ewis- r--- , - ' · i d' Register No. 21-02- 2OO Estate of Beulah M. Steckel , Deceased DECREE OF PROBATE AND GRANT OF LETTERS AND NOW February 20, 2002 the reverse side hereof, satisfactory proof having been presented before me, IT IS DECREED that the instrument(s) dated._ November 4, 1998 described therein be admitted to probate and filed of record as the last will of Beulah M. Steckel and Letters Testamentary are hereby granted to Paul H. Steckel FEES ~ ~Redister °f Wills l~nrY~ Probate, Letters, Etc. $ 115.0o Robert M. Frey 6274 Short Certificates(1 ) $ 3.00 ATTORNEY (Sup. Ct. I.D. No.) Renunciation $ 5 South Hanover Street x-pages ( 8 ) $ 24.00 Carlisle, Pennsylvania 17013 JCP Total $ 1475-080 ADDRESS Filed....F..e..b...124...a...r~.....2..0.,..2..0..0..2. ..... (717) 243-5838 PHONE CALL A%~fORNEY ~BE~ F. ~EY ~EN L~ ARE ~E 2-21-2002 REGISTER OF WILLS OF C~JMn~.Rr, A~n COUNTY OATH OF SUBSCRIBING WITNESS Robert M. Frey and David C. Gority ~k ' (each) a subscribing witness to the will presented herewith,,, (each) being duly qualified according to law, depose(s) and say(s) that they were 'Beulah M. Steckel present and saw the testat ri~ , sign the same and that they signed as a witness at the request of testat rix . in h_er presence and (in the presence of each other) (in the presence of the other subscribing witness(es)). '- Sworn to or affirmed and subscribed before ~'~-'",flA. '~. me this 21st day of Robert M. Frey (Name) ~bruary ~/~ ~ ~ ~nnq 5 South Hanover Street. Carlisle PA 17013 · Lewis / Regis;el ~avi~ C: G°r~(Naf) 1 One West Hirh S~nnt. Cn~liR]n PA ~ 70J 3 (Addr~s) ~ · ~ 21-2~2-200 R~ISTER OF WILLS OF COUNTY ~ OATH OF NON-SUBSC~BING WITNESS (each) a subscriber hereto, (each) being duly-qualified according to law, depose(s) and say(s) that familiar with the signature of codicil testat~ of (one of the subscribing witnesses to) the will presented herewith and codicil that believes the signature on the will is in the handwriting of to the best of knowledge and belief. Sworn to or affirmed and subscribed before me this day of (Name) 19 (Address) Register (Name) (Address) This 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 bo forwarded to the State Vital Records Office for permanent filing. WARNING: It is illegal to duplicate this copy by photostat or photograph. 816 8 7 7 9 ~.'..~NT ~),~ F E B 1 9 2002 No. ~ Date 21-2002-200 m0~.~ *e~. ~z COMMONWEALTH OF PENNSYLVANIA · DEPARTMENT OF HEALTH * VITAL RECORDS ~r CERTIFICATE OF DEATH ': ..... ~eulah M. Steckel I'.Female ~57 --01 -- , , . m,,. m-. I ' 4 {,,.Divorc~ [,,. 1 Longsdorf Way ~rli~le, PA 17013 LAST WILL AND TESTAMENT OF BEULAH M. STECKEL 21-2002-200 I, BEULAH M. STECKEL, unmarried, of 2 Todd Circle, Apartment A, of the Borough of Carlisle, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby make, publish and declare this as and for my Last Will and Testament hereby revoking and making void any and all Wills by me at any time heretofore made. 1. I direct that my hereinafter named Executor pay all of my just debts and funeral expenses as soon after my death as may be found convenient to do so.. I further direct that a suitable tombstone be erected at my grave, if one has not already been provided. 2. I give and bequeath in equal shares to my three (3) sons, Eric W. Steckel, Frederick A. Steckel and Paul H. Steckel, all my tangible personal property and direct them to divide the same amicably among themselves, using an appraisal or a bid calculation in order that the three shares be balanced equally among them, but should they fail to divide the same amicably among themselves, then the same shall be divided among them in whatever manner my Executor shall deem appropriate. 3. I give and bequeath to St. Johns United Church of Christ, Slatington, Pennsylvania, the sum of $10,000.00 to be placed in its Endowment Fund. This fund is one in which the principal is to be invested and the income to be used for general purposes of the Church, the said funds to be held in trust with no restrictions on use of the income as the Consistory may deem proper, but without invasion of the principal at any time. 4. I give and bequeath to First United Church of Christ, Carlisle, Pennsylvania, the sum of $15,000.00 to be placed in its Endowment Fund. This fund is one in which the principal is to be invested and the income to be used for general purposes of the Church, the said funds to be held in trust with no restriction of use of the incomeas the Consistory may deem proper, but without invasion of the principal at any time. 5. I give and bequeath to Dickinson College, Carlisle, Pennsylvania, the sum of $4,000.00 to be added to the Endowment Fund maintained by Dickinson College, and the income therefrom shall be used for such purpose or purposes as the Board of Trustees may from time to time deem appropriate. This bequest to Dickinson College is made in appreciation of my use of the swimming pool at the Kline Center, as a friend of the college and in recognition of my former husband, William A. Steckel, Esquire, who was a member of the Dickinson College Class of 1942. 6. All of the rest, residue and remainder of my estate, real, personal and mixed, and wheresoever the same may be situate, I give and devise and bequeath to Financial Trust Services Company, and its successors, One West High Street, Carlisle, Pennsylvania, in trust, to be added to the Trust Fund established by me with its predecessor, Farmers Trust Company, dated October 25,1994 and distributed as provided in Schedule B of said Indenture of Trust, as said Scheduled B may provide at the time of my death. 7. I direct that there shall be paid out of my residuary estate, all estate, inheritance and like taxes (together with any interest or penalty thereon) imposed by the government of the United States, or any State or Territory thereof, or by any foreign government, or political subdivision thereof, in respect to all property required to be included in my gross estate for estate, inheritance or like tax purposes by any of such governments, whether the property passes under this Will or otherwise, provided however, that no residuary beneficiary shall by reason of this provision, be denied the benefit of any deduction, credit, favorable rate of tax or other benefit which by law inures to such beneficiary. 8. I authorize and empower my hereinafter named Executors to sell at either public or private sale, for the best price obtainable, all my real estate of which I may die seized and direct to such, then in such event I nominate, constitute and appoint my other two sons, Eric W. Steckel and Frederick A. Steckel, as alternate or successor Executors, but should both of them fail to qualify or cease serving as such, then in such event I nominate, constitute and appoint Financial Trust Services Company, and its successors, One West High Street, Carlisle, Pennsylvania, as alternate or successor Executor. I further direct that no person serving as Executor shall be required to post any bond to secure the faithful performance of his or its duties in the Commonwealth of Pennsylvania or in any other jurisdiction. 10. In addition to the powers conferred by law, my hereinbefore named Executors and Trustees and their successors are empowered: a. To invest any part of the trust corpus in such securities, investments, or other property as may be deemed advisable and proper, irrespective of whether the same are authorized for the investment of trust funds under the laws of any governing jurisdiction. b. With respect to any corporation, the stocks, bonds, or other securities of which may be held, to vote in person or by proxy on any shares of stock; to consent to the merger, consolidation or reorganization of such corporations; to consent to the leasing, mortgaging or sale of the property of any such corporations; to make any surrender, exchange or substitution of such stocks, bonds or other securities as an incident to the merger, consolidation or reorganization of such corporations; to pay all assessments, subscriptions and other sums of money which may be deemed wise and expedient for the protection and maintenance of the proportionate interest of the investment in such corporations; to exercise any option or privilege which may be conferred upon the holders of such stocks, bonds, or other securities of such corporations either for the conversion of the same into other securities or for the purchase of additional securities, and to make any and all necessary payments which may be required in connection therewith; and generally to have and exercise as to all such stocks, bonds and other securities, the powers of an individual owner who is not under trust obligation. c. To hold the trust corpus in one or more consolidated funds in which separate shares shall have undivided interests. d. To sell at public or private sale for cash or upon credit, or partly for cash and partly on credit, and upon such terms and conditions as shall be deemed proper, any part or parts of my estate or the trust estate, and no purchaser at any such sale shall be bound to inquire into the expediency or propriety of any such sale or to see to the application of the purchase moneys arising therefrom. e. To keep on hand and uninvested such money as may be deemed proper and for such period as may be found expedient. f. To compromise, settle or arbitrate any claim or demand in favor of or against my estate or the trust estate. g. And authorized in the discharge of fiduciary duties, to employ counsel and to determine and to pay such counsel reasonable compensation which shall be charged against the .principal or income of the trust fund, and shall further be entitled to charge against the principal or ~ncome such other reasonable expenses and charges as may be necessary and proper to incur for the proper discharge of fiduciary duties and for the proper management and administration of the trust estate. h. In making any division of property into shares for the purpose of any distribution thereof directed by the provisions of the trust, to make such division or distribution, either in cash or in kind, or partly in cash and partly in kind, as shall be deemed most expedient, and in making any division or distribution in kind may allot any specific security or property or any undivided interest therein to any one or more of such shares, and to that end may appraise any or all of the property so to be allotted and the judgment as to the propriety of such allotment and as to the relative value for purposes of distribution of the securities or property so allotted shall be final and conclusive upon all persons interested in the trust or in the division or distribution thereof. i. And anthc~riT~rt tn r~ict~r ~ .... h ..... ,c ~-^~l ..... t. ....... investment of trust funds under the laws of any governing jurisdiction. IN WITNESS WHEREOF, I have hereunI, o set my hand and seal to this my Last Will and Testament written on three (3) pages, this ¢O~ day of November, 1998. ~ ~.. ~,~.~ ~. ~9~, _..~_[_.a~,4~'..~.~.~ (SEAL) Beulah ~-:Steckel Signed, sealed, published and declared by BEULAH M. STECKEL, the Testatrix above- named, as and for her Last Will and Testament, in our presence, who, in her presence, at her request, and in the presence of each other, have hereunto subscribed our names as attesting witnesses. , ,,, :27 CERTIFICATION OF NOTICE UNDER RULE 5.6(a) Name of Decedent: Beulah M. Steckel Date of Death: February 18, 2002 Will No. Admin. No. 21-02-0200 To the Register: I certify that notice of (beneficial Interest) estate administration required by Rule 5.6(a) of the Orphans' Court Rules was served on or mailed to the following beneficiaries of the above-captioned estate on: March 29, 2002 Name Address st. Johns United Church of Christ Slatington, PA 18080 First United Church of Christ 30 N. Pitt Street, Carlisle, PA 17013 Dickinson College P.O. Box 1773, Carlisle, PA 17013 Eric W. Steckel 12541 W. Meadow Circle,Lake Bluff, IL 60044 Frederick A. Steckel 15 Ole Still Lake, Elgin, SC 29045 Paul H. Steckel 2625 Scout House Road,Slatington PA 18080 M&T (Formerly Financial Trust) One West High Street, Carlisle PA 17013 Notice has now been given to all persons entitled thereto under Rule 5.6)a) except NO EXCEPTIONS Date: April 10, 2002 Signature Name: Robert M. Frey Address: 5 South Hanover Street Carlisle PA 17013 Capacity: Personal Representative X Counsel for personal representative COMMONWEALTH OF PENNSYLVANIA REV-1162 EX(11-96) DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 PENNSYLVANIA RECEIVED FROM: INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO. CD 001182 FREY ROBERT M 5 S HANOVER STREET CARLISLE, PA 17013 ACN ASSESSMENT AMOUNT CONTROL NUMBER ........ fold .......... _ ....... 101 $25,742.00 ESTATE INFORMATION: SSN: 157-01-3003 FILE NUMBER: 2102-0200 DECEDENT NAME: STECKEL BEULAH M DATE OF PAYMENT: 05/1 6/2002 POSTMARK DATE: 00/00/0000 COUNTY: CUM BERLAN D DATE OF DEATH: 02/18/2002 TOTAL AMOUNT PAID: $25,742.00 REMARKS: ROBERT M FREY ESQUIRE CHECK# 105 INITIALS: JA SEAL RECEIVED BY: MARY C. LEWIS REGISTER OF WILLS REGISTER OF WILLS COMMONWEALTH OF PENNSYLVANIA REV-1162 EX(11-96) DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 PENNSYLVANIA RECEIVED FROM: INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO. CD 001776 ROBERT M FREY ESQUIRE 5 S HANOVER STREET CARLISLE, PA 17013 ACN ASSESSMENT AMOUNT CONTROL NUMBER ........ fold .......... 101 $28.00 ESTATE INFORMATION: SSN: 157-01-3003 FILE NUMBER: 2102-0200 DECEDENT NAME: STECKEL BEULAH M DATE OF PAYMENT: 10/28/2002 POSTMARK DATE: 00/00/0000 COUNTY: CUMBERLAND DATE OF DEATH: 02/18/2002 TOTAL AMOUNT PAID: $28.00 REMARKS: ROBERTM FREY ESQUIRE CHECK# 113 INITIALS: AC SEAL RECEIVED BY: MARY C. LEWIS REGISTER OF WILLS REGISTER OF WILLS , PENNSYLVANIA DEPARTMENTDEPT. 280600F REVENUE1 INHERITANCE TAX RETURN F,L~.UM.E. HARRISBURG, PA17128-0601 RESIDENT DECEDENT / 2 0 2 0 ]COUNTY CODE YEAR NUMBER DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) ~ SOCIAL SECURITY NUMBER ~_ Steckel, Beulah M. 154-01-3003 uJZ DATE OF DEATH (MM-DD-YEAR) I DATE OF BIRTH (MM-DD-YEAR) t't I ~ RETURN MUST BE FILED IN DUPUCATE WITH THE ~"' 2/18/2002 12/31/1917 REGISTER OF WILLS C3~ IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER ~ L~J1' Odginal Retum [~] 2. Supplemental Retum ~'~ 3. Rsmainder Retura (date of death prior to 1~,-I 3.82) :~ ~ I--"l[~4a' FuturelnterestCompromise(dateofdeathafter12.12.82) ~. m ~ 6. Decedent Died Testate (Attach copy of Will) L.-J 7. Decedent Maintained a Living Trust (A~tach copy of Trust) -- a. Total Number of Safe Deposit Boxes '~ j'~9. Litigation Proceeds Received ['~ 10. spousal Poverly Credit (date of death between 12.31.91 and 1.1.95, J--~11. Election to tax under Sec. 9113(A) (Affach Sch O) uJ COMPLETE MAILING ADDRESS za Robert M.Frey 5 South Hanover Street O FIRM NAME (If Applicable) " Carlisle PA 17013 (/3 "' Frey & Tiley O~ TELEPHONE NUMBER O o (717 243-5838 1. Real Estate (Schedule A) (1) 8~5~0 - OFFICIAL USE ONLY 2. Stocks and Bonds (Schedule B) (2) 530,434 3. Closely Held Corporation, Partnership or Sole-Proprietorship (3) NONE 4. Mortgages & Notes Receivable (Schedule D) (4) 1,476 !"': 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) (5) 4,751 6.mJ°intly Owned Property (Schedule Fi (6) NONE Z II Separate Billing Requested ~;I- 7. Inter-Vivas Transfer & Miscellaneous Non-Probate Property :3' (Schedule G or L) (7) 30,000 ~: 8. TOTAL GROSS ASSETS (total Lines 1-7) ~ (s) 654,161 ~ 9. Funeral F-.,xpenses & Administrative Costs (Schedule H) (9) 17,677 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) 10) 4,714 11. TOTAL DEDUCTIONS (total Lines 9 & 10) (11) 22,391 12. NET VALUE OF ESTATE (Line 8 minus Line 11) (12) 631,770 13. ~.nar~tame an~ bovernmen~al ueques~s/~ec ~ I J ~rus[s mr wmcn an elect~on [o tax has not k ..... ao/C.koH,,,o n (13) 29,000 14. Net Value Subject to Tax (Line 12 minus Line 13) (14) 602,770 SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate ,or transfers under Sec. 9116 (a)(1.2) x .0~ (15) 0 z ~1- 16. Amount of Line14 taxable at lineal rate 602,770 X .0 45 (16) 27,125 ~' 17. Amount of Line 14 taxable at sibling rate X .12 (17) 0 O ~ 18. Amount of Line 14 taxable at collateral rate x . 15 (la) 0 19. Tax Due (19) 27,125 20. ott~;r~t~l, D~UlcH! IVl. IOq"-U I-OUUO Decedent's Complete Address: · I STREE,T ADDRESS I STATE ZIP ICarlisle IPA 17013 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) (1) 27,125 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments 25,742 C. Discount 1,355 Total Credits ( A + B + C ) (2) 27,097 3. Interest/Penalty if applicable D. Interest E. Penalty Total InterestJPenalty ( D + E ) (3) 0 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page '1 Line 20 to request a refund (4) 0 5. If line 1 + line 3 is greater than line 2, enter the difference. This is the TAX DUE. (5) 28 A. Enter the interest on the tax due. (5A) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) 28 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred; ...................... b. retain the right to designate who shall use the properly transferred or its income; ........... [~] r-~ c. retain a reversionary interest; or .............................. [~ [] d. receive the promise for life of either payments, benefits or care? .................. 2. If death occurred after December 12 1982 did decedent transfer property within one year of death without receiving adequate consideration? ............................ J-~ 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 properly which contains a beneficiary designation? ............................... [---1 [] 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, and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN DATE 2625 Scout Road, Slatington, Pennsylvania 18080 SIGNATURE OF PREPARER OTHER TH/~N REPRESENTATIVE DATE ADDRESS ' 5 South Hanover Street, Carlisle, Pennsylvania 17013 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. Section 9116 (a)(1.1)(i)]. For dates of death on or after January 1, 1995, the tax rate im posed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. Section 9116 (a)(1.1)(ii)I. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return ara 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, ora stepparent of the child is 0%[72 P.S. Section 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. Section 9116(1.2) [72 P.S. Section 9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. Section 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. ~V-1502 EX + (1-97) ~ SCHEDULE A COMMON',A/EALTH OF PENNSYLVANIA REAL ESTATE INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Beulah M. Steckel 21-02-0200 ALL REAL PROPERTY OWNED SOLELY OR AS A TENANT IN COMMON MUST BE REPORTED AT F/UR MARKET VALUE. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. REAL PROPERTY WHICH IS JOINTLY-OWNED WITH RIGHT OF SURVIVORSHIP MUST BE DISCLOSED ON SCHEDULE F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Undivided one-half (1/2) interest in the property shown below: 87,500 Real Estate, 1036 Main Street, Borough of Slating/on, Lehigh County, Slating/on, Pennsylvania TOTAL (Also enter on line 1, Recapitulation) $ 87,500 (If more space is needed, insert additional sheets of the same size) Associate Broker 968 Postal Rd., Suite 300 Allentown, PA 18109 Bus: 610-439-8483 Fax: 610-434-5837 Voice Mail: 610-465-5521 Email: snwalden @aol.com MARKET EVALUATION for BEULAH M. STECKEL ESTATE Please be advised that on March 22, 2002, I did a complete inspection of the property at 1036 Main St., Slatington, owned by Beulah M. Steckel & Barbara A. Stopp, for the purpose of establishing the current market value for the estate of Beulah M. Steckel. The subject dwelling is a 2 story detached dwelling, measuring 2192 sq. fL, which was originally built as a residence, but has been converted to commercial office space. There is a macadam parking pad at the rear of the property for 6 vehicles. The interior of the dwelling is in excellent condition and has been well maintained. The 1 ~t floor consists of a Waiting/Reception Room, 3 small offices, Copy/Mail Room, 2 larger offices, and a ½ Bath. All offices have private entrances from hallways. The 2nd floor consists of 1 small office, 1 Conference Room, 1 full Bath, and storage space. The basement is used primarily for storage, plus 1 office space and Kitchen. The dwelling is heated by oil and has central A/C. The exterior condition appears to be excellent and well maintained. The commercial space is leased for $1,000/month, triple net ($5.47/sq.fr.). This is significantly below current market rents of comparable properties. Due to the style and use of the subject dwelling, it was very difficult to find comparable sales within the past 12 months. An expanded search of comparables was done throughout the Lehigh Valley area, in similar small town settings. Based on the information found, and after making adjustments for building sizes and condition, and relying strongly on current market rents for similar commercial spaces, it is my opinion that the subject property value, as of this date is $175,000. Associate Broker March 26, 2002 STEPHEN N. WALDEN REALTY Associate Broker E~ECUTIVES 968 Postal Rd., Suite 300 Allentown, PA 18109 Bus: 610-439-8483 Fax: 610-434-5837 Voice Mail: 610-465-5521 Email: snwalden @ aol.corn MARKET VALUATION Prepared For BEULAH M. STECKEL ESTATE Property Address: 1036 Main Street, Slatington, PA 18080-173g Owner of Record: Beulah M. Steckel & Barbara A. Stopp Tax Il)g: 18-02-B06SE3B-004-005 Deed Book Volume: 1243 Page: 0187 Lot Size: 40' x 150' Zoning: Residential, converted to Commercial/Office Tax Assessment: Appraised Value - $53,400 Assessed Value - $26,700 Utilities: Electric - PPL Water - Municipal Sewer - Municipal Improvements: 2 story detached dwelling, built in 1874, measuring 2192 sq. ft. Prepared by: Stephen N. Walden, CRS,GRI Associate Broker ~:V-1503 EX + (1-97) (I) SCHEDULE B COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS INHERITANCE TA× RE~RN RESIDENT DECEDENT ESTATE OF FILE NUMBER Steckel, Beulah M. 21-02-0200 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. M&T Trust Company, Beulah M. Steckel Abbot Laboratories (750 shares @57.0175) 42,763 AT&T Corp (450 Shares @14.835) 6,676 AT&T Wireless (150 shares @9.9725) 1,496 Bank of America (900 shares @60.5825) 54,524 Bellsouth Corp (900 shares @39.8075) 35,827 Boeing Co. (375 shares @44.225) 16,584 BP PLC (600 shares @48.7725) 29,264 Burlington Ress (450 shares @34.995) 15,748 DPL Inc (1,500 shares @23.0825) 34,624 DuPoint(EI)DE (600 shares @43.1375) 27,083 EIPaso Corp (150 shares @36.58) 5,487 Electronic Date (150 shares @59.90) 8,985 Exxon Mobile Corp (1,500 shares @39.115) 58,673 General Motors (300 share @50.57) 15,171 Johnson & Johnson (375 shares @57.36) 21,510 Phillips Petrol (375 shares @57.4875) 21,558 PP&L Corp (750 shares @33.415) 25,061 Qwest Communica (300 shares @7.255) 2,177 SBC Communica (900 shares @37.0175 33,316 Verizon Communi (750 shares @45.6325) 34,224 Vodafone Group (350 shares @18.5875) 6,506 Wachovia Corp (375 shares @31.37) 11,764 Cash Balances: Principal Balance 13,613 Income Balance 7,800 TOTAL (Also enter on line 2, Recapitulation) $ 530,434 (If more space is needed, insert additional sheets of the same size) · ~ 0 o 0 ~ooo oooooooooooooooo , 0 ~ ~ = ~oo ~ ~ ~ o~ ~ ~ ~ ~u~© ~ - 0 ~ ~ ~ ~ ~z~ ~z ~u~~O o ~'V-1507 EX + (1-97) (I) · SCHEDULE D COMMONWEALTH OF PENNSYLVANIA MORTGAGES & NOTES INHERITANCE TAX RETURN .ES,OENT 0ECEO~.T RECEIVABLE ESTATE OF FILE NUMBER Steckel, Beulah M. 21-02-0200 All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Balance of Real Estate Mortgage Payoff 1,476 TOTAL (Also enter on line 4, Recapitulation) $ 1,476 (If more space is needed, insert additional sheets of the same size) ~V-1508 EX + (1-97) (I) . SCHEDULE E COMMONWEALTH OF PENNSYLVAN[~ /CASH, BANK DEPOSITS, & MISC. INHERITANCEREsiDENT DECEDENTTAX RETURN I PERSONAL PROPERTY ESTATE OF FILE NUMBER Steckel, Beulah M 21-02-0200 Include th~ proceeds of litigation and the date the proceeds were received by the estate, ALL PROPERTY JOINTLY-OWNED WITH THE RIGHT OF SURVIVORSHIP MUST SE DISCLOSED ON SCHEDULE F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. M&T Bank, Checking Account #659622 4,000 2. M&T Bank 10 3. Refund, Blue Cross/Blue Shield 337 4. Refund, Cumberland Crossings 344 5. Personal Goods 60 TOTAL (Also enter on line 5, Recapitulation) $ 4,751 (if more space is needed, insert additional sheets of the same size) April 3, 2002 RE: Estate Search The Estate of: BEULAH M STECKEL Date of Death (D.O.D.) 2/18/2002 To Whom It May Concern: Identified below is the account information requested. I. M&T Bank accounts in which the decedent's name appears: Account Account Number Account Title Opening Branch D.O.D. Accrued Interest Type Balances (Includes Accr. Int.) CHK 659622 BEULAH M STECKEL 4319 $3999.58 $.00 OPENED 3/86 2. Loans, Mortgages, or other obligations titled in the decedent's name Account Number Amount Owed Account Description A Safe Deposit Box titled in the Decedent's name existed at our HIGH STREET CARLISLE OFFICE. The Safe Deposit Box Number is 3948. If you have any questions about the information provided, please contact our Records Department at (716) 635-4010 or 1-800-724- 2440 outside of the Buffalo, NY calling area. Thank you. Sincerely, M&T BANK CORPORATION Authorized Signature DATE: Manufacturers and Traders Trust Company · 1100 Wehrle Drive, RO. Box 767, Buffalo, NY 14240-0767 R£V-15i0 EX + (1-g7) (I) SCHEDULE G CO~MONW~LTH OF PENNSYLVAN,^ INTER-VIVOS TRANSFERS & INHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Steckel, Beulah M. 21-02-0200 This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. DESCRIPTION OF PROPERTY % OF DECD'S ITEM "CLUDEt"E"*'~O~T~"S~.EE.~.E~.S~'.OD~C~O~.~^.O~^~O~t~..~.. DATE OF DEATH INTEREST EXCLUSION TAXABLE VALUE NUMBER ^rr^c.~co..~.~D~E~.m.~L VALUE OF ASSET 1. Gift to Paul H. Steckel 10,000 100.00% 10,000 2. Gift to Frederick A. Steckel 10,000 100.00% 10,000 3. Gift to Eric W. Steckel 10,000 100.00% 10,000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TOTAL (Also enter on line 7, Recapitulation) $ 30,000 (If more space is needed, insert additional sheets of the same size) EV-1511 EX + (1-97)(I) SCHEDULE H COMMONWE*LT. OF PE..SYLV*.,A FUNERAL EXPENSES & INHERITANCE TAX RETURN R~E.T ~CEDE.T ADMINISTRATNE COSTS ESTATE OF FILE NUMBER Steckel, Beulah M. 21-02-0200 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Hoffman-Roth Funeral Home 1,337 2. Paul H. Steckel, Funeral Luncheon 160 3. Cemetery Marker 550 4. Cemetery Footer 205 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative (s) Paul H. Steckel social Security Number(s) / EIN Number of Personal Representative(s) 210-36-1446 Street Address 2625 Scout House Road city Slatington state PA Zip 18080 Year(s) Commission Paid: 2002 10,000 2. Attorney Fees 5,000 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State __ Zip Relationship of Claimant to Decedent 0 4. Probate Fees 147 5. Accountant's Fees 0 6. Tax Return Preparer's Fees 0 7. Cumberland Law Journal, Advertising 75 8. The Sentinel, Advertising 78 9. Fee to file PA Inheritance Tax Return 15 10. Fee to file Final Account 110 TOTAL (Also enter on line 9, Recapitulation) $ 17,677 (if more space is needed, insert additional sheets of the same size) ~:V-1512 EX + (1-g7) (I) . SCHEDULE I DEBTS OF DECEDENT, COMMONWEALTH OF PENNSYLVANIA I. NER~^NCETAXRE~URN MORTGAGE LIABILITIES, & LIENS ·" RESIDENT DECEDENT ESTATE OF FILE NUMBER Steckel, Beulah M. 21-02-0200 Include unreimbursed medical expenses. ITEM NUMBER DESCRIPTION AMOUNT 1. Alert Pharmacy, Prescriptions 107 2. Cumberland Crossing Nursing Home 3,099 3. Realty Executives, Appraisal of Real Estate 200 4. M&T, Trust Fees 1,018 5. Smith Elliott Kearns & Co., Tax Preparation for Trust 290 TOTAL (Also enter on line 10, Recapitulation) $ 4,714 (If more space is needed, insert additional sheets of the same size) 217 , , REV-1513. EX+ (9-00) SCHEDULE J COMMONW~,~OFPENNS¥'V^.,A BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Beulah M. Steckel 21-02-0200 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I. TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] 1. Paul H. Steckel 2625 Scout House Road Slatington PA 18080 Son 1/3 of residue of estate 1/3 of Trust~ 2. -'rederick A. Steckel 15 Ole Still Lane Elgin, South Carolina 29045 Son 1/3 of residue of estate 1/3 of Trust) 3. -'ric W. Steckel 12541 W. Meadow Circle Lake Bluff, Illinois 60044 Son 1/3 of residue of estate (1/3 of Trust) ENTER DOLt. AR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18~ AS APPROPRIATE~ ON REV-1500 COVER SHEET NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. SEE ATTACHED SHEET TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ 29,000 (If more space is needed, insert additional sheets of the same size) SCHEDULE J - II B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. St. Johns United Church of Christ $10,000.00 15 South Second Street Slatington, Pennsylvania 18080 2. First United Church of Christ $15,000.00 30 North Pitt Street Carlisle, Pennsylvania 17013 3. Dickinson College $ 4,000.00 Post Office Box 1773 Carlisle, Pennsylvania 17013 TOTAL $29,000.00 LAST WILL AND TESTAMENT OF BEULAH M. STECKEL I, BEULAH M. STECKEL, unmarried, of 2 Todd Circle, Apartment A, of the Borough of Carlisle, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby make, publish and declare this as and for my Last Will and Testament hereby revoking and making void any and all Wills by me at any time heretofore made. I. I direct that my hereinafter named Executor p. ay all of my just debts and funeral expenses as soon after my death as may be found convement to do so.. I further direct that a suitable tombstone be erected at my grave, if one has not already been provided. 2. I give and bequeath in equal shares to my three (3) sons, Eric W. Sieckel, Frederick A. Steckel and Paul H. Steckel, all my tangible personal property and direct them to divide the same amicably among themselves, using an appraisal or a bid calculation in order that the tbxee shares be balanced equally among them, but should they fail to divide the same amicably among themselves, then the same shall be divided among them in whatever manner my Executor shall deem appropriate. 3. I give and bequeath to St. Johns United Church of Christ, Slatington, Pennsylvania, the sum of $10,000.00 to be placed in its Endowment Fund. This fund is one in which the principal is to be invested and the income to be used for general purposes of the Church, the said funds to be held in trust with no restrictions on use of the income as the Consistory may deem proper, but without invasion of the principal at any time. 4. I give and bequeath to First United Church of Christ, Carlisle, Pennsylvania, the sum of $15,000.00 to be placed in its Endowment Fund. This fund is one in which the principal is to be invested and the income to be used for general purposes of the Church, the said funds to be held in trust with no restriction of use of the incomeas the Consistory may deem proper, but without invasion of the principal at any time. 5. I give and bequeath to Dickinson College, Carlisle, PennsYlvania, the sum of $4,000.00 to be added to the Endowment Fund maintained by Dickinson College, and the income therefrom shall be used for such purpose or purposes as the Board of Trustees may from time to time deem appropriate. This bequest to Dickinson College is made in appreciation of my use of the swimming pool at the Kline Center, as a friend of the college and in recognition of my former husband, William A. Steckel, Esquire, who was a member of the Dickinson College Class of 1942. 6. All of the rest, residue and remainder of my estate, real, personal and mixed, and wheresoever the same may be situate, I give and devise and bequeath to Financial Trust Services Company, and its successors, One West High Street, Carlisle, Pennsylvania, in trust, to be added to the Trust Fund established by me with its predecessor, Farmers Trust Company, dated October 25,1994 and distributed as provided in Schedule B of said Indenture of Trust, as said Scheduled B may provide at the time of my death. 7. I direct that there shall be paid out of my residuary estate, all estate, inheritance and like taxes (together with any interest or penalty thereon) imposed by the government of the United States, or any State or Territory thereof, or by any foreign government, or political subdivision thereof, in respect to all property required to be included in my gross estate for estate, inheritance or like tax purposes by any of such governments, whether the property passes under this Will or otherwise, provided however, that no residuary beneficiary shall by reason of this provision, be denied the benefit of any deduction, credit, favorable rate of tax or other benefit which by law inures to such beneficiary. 8. I authorize and empower my hereinafter named Executors to sell at either public or private sale, for the best price obtainable, all my real estate of which I may die seized and direct to giw: good and sufficient deed or deeds to the purchaser or purchasers thereol'. I direct that my Executors shall be able to borrow money from any person or institution including my Executors/Trustee and to mortgage or pledge any or all real or personal property as my Executors in their sole discretion shall choose, without regard for the dispositive provisions of this instrument. 9. I hereby nominate, constitute and appoint my son, Paul H. Steckel, as Executor of this my Last Will and Testament, but if he should predecease me or fail to qualify or cease serving as Page I of 3 Pages ~ .~.,~ c~ ..,' .:-.-Cry....,.~:c~C~' such, then in such event I nominate, constitute and appoint my other two sons, Eric W. Steckel · , · ,...-* ~ and Frederick A. Steckel, as alternate or successor Executors, but should both of them fail to qualify or cease serving as such, then in such event I nominate, constitute and appoint Financial Trust Services Company, and its successors, One West High Street, Carlisle, Pennsylvania, as alternate or successor Executor. ! further direct that no person serving as Executor shall be required to post any bond to secure the faithf Commonwealth ofPennsvlva ;.,,,-,r: ........ u!. performance of his or its duties in the ~ n..,.,,,~ any omerjurlsolction. 10. In addition to the powers con/erred by /aw, my hereinbefore named Executors and Trustees and their successors are empowered: a. To invest any part of the trust corpus in such securities investments or property as may be deemed advisable and ro er irr. ' ' , other for the investme P P . espectiv.e of whether the same are authorized nt of trust funds under the laws of any govermng jurisdiction. b. With respect to any corporation, the stocks, bonds, or other securities of which may be held, to vote in person or by proxy on any shares of stock' to consent to the met consolidation or reorganization of such co orat' ,: o.f th.e property of an such . _ rp ~ons. to consent to the'lea ' _. ge, r, stocks bonds .... ~-~- c..o.rporatioas; to make any surrender ~,,,o~- sing, m, or[.gagmg or sa~e ..... ,,ur securmes as an incident t,-, m ....... - .....,,,.a,ng.e or suosmution of such such corporations; to pay all assessments, subscriptions and other sums of money which may be ..... ,-*Lg,r, consonaation or reorganization of deemed wise and expedient for the protection a ' investment in such co o ' · . nd maintenance of the · · the h~,~ ......... ~ ra.tlons, to exercise an o tion . . p.roportlo.nate interest of the ...... a ut such stocks, bonds, or other secu~ti~;, of s~r;;~og~at~oh2:hei~h;Yr ~;r~:f:;~evde~s~o°~ of the same into other securities' or for the purchase of additional securities, and to make any and all necessary payments which may be required in connection therewith; and generally to have and exercise as to all such stocks, bonds and other securities, the powers of an individual owner who is not under trust obligation. c. To hold the trust corpus in one or more consolidated funds in which separate shares shall have undivided interests. d..To sell at public or private sale for cash or upon credit, or partly for cash and ertl on credit, and upon such terms and conditions a .~ v,~,*ncy or propriety or any such sale nrt,-, ~ Y h s.a. le shall be bouna to in u' ' mererrom ...... ee to the armhcation ~:,~ .... q ire into the · ,~,- ,-,- mc purchase moneys arising e. To keep on hand and uninvested such money as may be deemed proper and for such period as may be found expedient· f. To compromise, settle or arbitrate any claim or demand in favor of or against my estate or the trust estate. g. And authorized in the discharge of fiduciary duties, to employ counsel and to determine and to pay such counsel reasonable compensation which shall be charged against the principal or income of the trust fund, and shall further be entitled to charge against the principal or income such other reasonable expenses and charges as may be necessary and proper to incur for ~hruestPr¢°stPae~.discharge of fiduciary duties and for the proper management and administration of the h. In making any division of property into shares for the purpose of any distribution thereof directed by the provisions of the trust, to make such division or distribution, either in cash or in kind, or partly in cash and partly in kind, as shall be deemed most expedient, and in making any division or distribution in kind may allot any specific security or property or any undivided interest therein to any one or more of such shares, and to that end may appraise any or all of the property so to be allotted and the judgment as to the propriety of such allotment and as to the relative value for purposes of distribution of the securities or property so allotted shall be final conclusive upon all persons interested in the trust or in the division or distribution thereof·and ~. And authorized to register any shares of stock or other assets of any trust in their own names or in the name ora nontinee. j. To retain and invest in shares of stock of my Trustee. k. To retain any investments including mutual funds which I may own at the time of my death and in addition to invest any part of the Trust corpus in such mutual fund or mutual funds as may be deemed advisable or proper, irrespective of whether the same are authorized for the Page 2 of 3 Pages investment of trust funds under the laws of any governing.jurisdiction. IN WITNESS WHEREOF, I have hereunto set my hand and seal to this my Last Will and Testament written on three (3) pages, this .c/'Z~ day of November, 1998. ~ ~-~_~_ ..... ~ ..-m..-, .J rJ~./~..~,.~- (SEAL) eulah M. ~;teckel ' Signed, sealed, published and declared by BEULAH M. STECKEL, the Testatrix above- named, as and for her Last Will and Testament, in our presence, who, in her presence, at her request, and in the presence of each other, have hereunto subscribed our names as attesting witnesses. × / Page 3 of 3 Pages THIS INDENTURE OF TRUST, made this d~'~' day of October, 1994, by and between BEULAH M. STECKEL, unmarried, of 2 Todd Circle, Apartment A, Carlisle, Pennsylvania (hereinafter whether singular or plural referred to as "SETTLOR"), AND FARMERS TRUST COMPANY, One West High Street in the Borough of Carlisle, Cumberland County, Pennsylvania (hereinafter whether singular or plural referred to as "TRUSTEE"): WlTNESSETH: WHEREAS, Settlor desires to transfer and deliver to the Trustee certain property and securities, hereinafter described, for the purpose of creating a voluntary revocable Trust, and WHEREAS, the Trustee has agreed to accept the said property and securities and any property and securities which may hereafter be assigned to it by Settlor or others and to hold the same and the proceeds and income thereof upon the Trust hereby created. NOW, THEREFORE, in consideration of the covenants herein contained and the sum of One ($1.00) Dollar by the Trustee in hand paid to the Settlor at and before the ensealing and delivery of these presents, the receipt Whereof is hereby acknowledged, the Settlor has granted, conveyed, assigned, set over and delivered, and by these presents does grant, convey, assign, set over and deliver unto the Trustee, all the right, title and interest of the Settlor in and to the property and securities described in Schedule "A", which, signed by the Settlor, is attached hereto and made a part hereof, together with the appurtenances and all the estate and rights of the Settlor thereto. TO HAVE AND TO HOLD all and singular the above granted described property and securities unto the said Trustee and any. property and securities which may hereafter be assigned, devised and bequeathed, IN TRUST, NEVERTHELESS, for the following purposes and uses, and subject to the terms, conditions, powers and agreements hereinafter set forth. ARTICLE I POWERS AND DUTIES OF TRUSTEE Section 1: The Trustee shall hold and manage the property and securities, together with such other property as may be acquired, during the existence of the Trust, all of which said property will hereinafter be referred to as the "Trust Estate", upon the terms and conditions, and for the uses and purposes, and with the duties and powers, that is to say: To hold and manage the said Trust Estate and every part thereof with full power to invest and reinvest the same in such loans, stocks, bonds, securities and real estate as shall be deemed by the Trustee to be suitable and proper for the investment of Trust funds and without being restricted to a class of investments which a Trustee is Er may hereafter be permitted by law to make. In so doing, the Trustee is specifically authorized, in the Trustee's sole discretion and as the Trustee deems fitting and proper, to retain, sell, mortgage, partition, exchange or otherwise dispose of any or all of the property of the Trust Estate, both real and personal, including specifically the authorization to retain, buy or sell any shares of the stock of the Trustee; to vote, exchange and otherwise exercise all rights, privileges or options in any way pertaining to the stocks, bonds, securities and other assets at anytime belonging to the Trust Estate, provided, however, that with respect to any shar~s of stock of the Trustee, the beneficiaries may determine the manner in which said shares shall be voted and may actually direct how such shares shall be voted; to borrow money, to execute and renew promissory notes and to pledge the assets of the Trust Estate as security therefor; to make alterations of, repairs upon, additions to and erect improvements upon real estate, and to make leases therefor for such term even though in excess of five (5) years, as the Trustee may deem advisable; to make distribution of the principal and undistributed income of the Trust Estate to and among those entitled thereto at the termination of the Trust in kind or in cash, or partly in kind and partly in cash, as to the Trustee seems proper, just and equitable; to detetTnine the manner of ascertainment of income and principal and the apportionment of receipts and expenses by the tenants and remaindermen of the Trust Estate; to make, execute and acknowledge and deliver ail instruments deemed necessary or required in the exercise of the hereinbefore mentioned powers; and otherwise in the management and conduct of said Trust Estate to do any and all things which an owner could do in his or her own right. Section 2: The Trustee, if and whenever it may be deemed advisable, or more convenient to do so, may cause any shares of stock, securities or other property of whatsoever character constituting part of the Trust Estate to be taken or stand in the name of the Trustee's nominee, with full power and authority in such nominee to receive and receipt for all income therefrom. All taxes and govemmentai charges, of whatsoever character, levied or assessed upon or payable by the Trustee with respect to the corpus or income of the Trust Estate, and all expenses of the administration of the Trust and all interest payable on account of any indebtedness or liabilities contracted, incurred or assumed by the Trustee, shail be paid out of the income of the Trust Estate, unless the Trustee, in the Trustee's discretion, shall deem that under the circumstances all or some part thereof should equitably be paid out of the corpus of the Trust Estate. Section 3: In the case in which the Trustee is required to divide the principal of the Trust Estate in parts or shares, and to distribute the same, the Trustee is authorized and empowered in the Trustee's sole discretion to make division or distribution in kind, or partly in kind and partly in cash. The judgment of the Trustee concerning the values for the purposes of such division or distribution of the property or securities shail be binding and conclusive on all parties interested in such division or distribution. Section 4: No title, in the Trust Estate hereby created, or in the income accruing therefrom, or in its accumulation, shail vest in any beneficiary and no beneficiary shail have the right or power to transfer, assign, anticipate or encumber his or her interest in said Trust Estate, or the income therefrom, prior to the actual distribution thereof by the Trustee to said beneficiary. Further, neither the income nor the principai of said Trust Estate shall be liable in any manner, in the possession of the Trustee, for the de.bts, contracts or engagements of any of the beneficiaries. Section 5: This Trust Agreement shail continue in force and continue to be administered by any successor to the Trustee which results from a merger, consolidation or reorganization of Trustee. AR ~TLC. L__~! DISTRIBUTION The Settlor directs the Trustee to disburse the income and principal of the Trust Estate in the manner hereinafter set forth in detail in Schedule "B" which, signed by Settlor, is attached hereto and made a part hereof. GENERAL PROVISIONS Section 1: The Settlor may grant and convey or assign or devise or bequeath additional property, securities or cash to the Trustee to be held under the terms hereof, and the Trustee is authorized and empowered to receive the same for the uses and upon the Trust set forth herein. ~: The Trustee by joining in the execution of this instrument signifies acceptance of the Trust and acknowledges that the Trust has received this day from the Settlor all and singular the property and securities described in Schedule "A" attached hereto and made a part hereof and agrees to hold the same and use and dlspose of the proceeds thereof upon and subject to all and singular the trusts, terms and provisions set forth in this Indenture. Section 3: The situs of this Trust shall be for all purposes at One West High Street, Carlisle, Pennsylvania, or at such other place in Cumberland County, Pennsylvania, as Trustee may maintain an office, and in no event shall the situs or residence of the Trust be now or at any future time located outside Cumberland County, Pennsylvania. Section 4: It is agreed that the Settlor may by instrument in writing, delivered to the Trustee, (a) modify or alter this Agreement, in whole or in part, provided that the duties, powers and liability of the Trustee, shall not be changed without its written consent; or (b) revoke this Agreement in whole or in part. FARMERS TRUST COMPANY does hereby constitute and appoint Jane F. Burke to be its attorney for it and in its name and as and for its corporate act and deed to acknowledge this instrument before any person having authority by the laws of the Commonwealth of Pennsylvania, to take such acknowledgment, to the intent that the same may be duly recorded. IN WITNESS WHEREOF, BEULAH M. STECKEL, the Settlor, has hereunto set her hand and seal, and FARMERS TRUST COMPANY, the Trustee, has caused these presents to be signed in its corporate name by its Senior Vice President and Trust Officer, and its corporate seal to be hereto affixed, attested by its Assistant Secretary, the day and year first above written. WITNESS: ~~"-~ '~° ~ ~Z.-~..t/(t:.X '97~...~5~7-o'"--~. ,'~/ (SEAL) Beulah M. Steckel ' ' FARMERS TRUST COMPANY J e F Burke Semor Vine President and Trust Officer Assistant Secretary SCHEDULE "A" PROPERTY AND SECURITIES TRANSFERRED BY BEULAH M. STECKEL TO FARMERS TRUST COMPANY UNDER INDENTURE OF TRUST DATED OCTOBER , 1994 SCHEDULE A PROPERTY AND SECURITIES TRANSFERRED BY BEULAH M. STECKEL TO FARMERS TRUST COMPANY UNDER INDENTURE OF TRUST DATED OCTOBER 25, 1994 400 shs. Abbott Laboratories 140 shs. Air Communications 500 shs. American Government Term Trust Inc. 462 shs. AT & T ' 208 shs. Ameritech 200 shs. Atlantic Richfield Co. 459 shs. Bank of America Corp. 220 shs. Bell Atlantic Corp. 157 shs. Bell South Corp. 532 shs. Boeing Corp. 400 shs. Brown Group, Inc. 284 shs. Burlington Northern Corp. 495 shs. Burlington Resources, Inc. 100 shs. Catellus Development Corp. 1125 shs. DPL Inc. 300 shs. E.I. DuPont deNemours & Co. 118 shs E1 Paso Natural Gas Co. 220 shs Financial Trust Corp 296 shs General Motors Corp. 200 shs General Motors Class E 100 shs General Motors Class H 100 shs Illinova Corp. 480 shs Johnson & Johnson 450 shs Kimberly Clark Corp. 500 shs Masland Corp. 2292 shs~ Meridian BankCorp. 300 shs. Mobil Corp. 200 shs. NYNEX Corp. 800 shs. Penna. Power & Light Co. 140 shs. Pacific Telesis Corp. 294 shs. Phillips Petroleum Co. 762 shs. Santa Fe Pacific Corp. 148 shs. Santa Fe Energy Resources 457 shs. Santa Fe Pacific Gold Corp. 210 shs. SouthWest Bell Corp. 200 shs. U.S. West 10 units Municipal Securities Trust 20M par Marathon Oil Co. 9.75% Notes due 3/1/99 SCHEDULE "B" PLAN OF DISTRIBUTION OF TRUST ESTATE OF BEULAH M. STECKEL UNDER INDENTURE OF TRUST DATED OCTOBER ).,5~, 1994 FIRST: The Trustee is directed to disburse the net income of the Trust Estate quarterly or at more frequent intervals to or for the use or benefit of the Settlor, Beulah M. Steckel, of 2 Todd Circle, Apartment A, Carlisle, Pennsylvania 17013, so long as she shall live. In addition, Trustee is directed to disburse so much of the principal of the Trust Estate as in its opinion is necessary or desirable to be expended for the proper maintenance and support of Beulah M. Steckel, which expenditures of principal shall be made to or for the use or benefit of Beulah M. Steckel. Trustee is directed to disburse income and principal from time to time in whatever manner and to whomever Beulah M. Steckel may in writing direct, so long as she remains mentally competent. If Beulah M. Steckel shall become incompetent, in such case the Trustee is directed to make annual gifts of $10,000.00 each to each of the three (3) sons of Beulah M. Steckel who are Eric Steckel, Frederick Steckel and Paul Steckel. SECOND: Upon the death of the said Settlor, Beulah M. Steckel, the Trust Estate as then constituted shall be retained by said Trustee and in the event the Probate Estate of Settlor shall be insufficient to pay specific bequests contained in Settlor's Last Will and Testament and the just debts of Settlor plus the reasonable administration expenses and funeral expenses of Settlor including inheritance, transfer and succession taxes which may be payable on account of Settlor's death including interest and penalties thereon, to the extent that Settlor's Probate Estate is unable to pay the same such expenses shall be paid from the Trust Estate and the balance of the Trust Estate shall be transferred to a successor, which successor Trustee shall be the three (3) sons of Beulah M. Steckel or to such successor Trustee as they or the majority of them shall select, which successor trustee, Eric Steckel, Frederick Steckel and Paul Steckel, shall distribute the same as follows: All of the rest, residue and remainder of my estate, real, personal and mixed, and wheresoever the same may be situate, I direct my Trustee to divide into nine (9) shares. The first six (6) shares shall be divided among my three (3) sons, Eric Steckel, Frederick Steckel and Paul Steckel, their heirs and assigns, provided each of them shall survive me by a period of ninety (90) days, but should any of them fail to so survive me then the share such deceased son would have received shall pass to such of his legitimate issue as shall survive him by a period of ninety (90) days, per stirpes, and if there be no such issue the same shall lapse and be added to the remaining shares of my other sons, their heirs and assigns, per stirpes. The remaining three (3) shares of the residue I give, devise and bequeath to my hereinafter named Trustee to be held in trust separately, the income from each of the three (3) shares to be paid to each of my three (3) sons during his lifetime and, upon the death of each son, the trust pertaining to his share shall terminate unless such deceased son shall be survived by a child or children under the age of 18 years, in which case the mother of such child or children shall receive the in. come until the youngest child has obtained the age of 18 years. Upon the death of the son or attainment of age 18 years by the youngest child of such deceased son, the trust shall terminate and the corpus be distributed per stirpes and not per capita among the legitimate issue of such deceased son. Should any son die without leaving legitimate issue, the corpus shall then be distributed between the other two trusts, or if they shall have already been distributed and terminated, the corpus shall then be distributed among the legitimate issue of the other son or sons, per stirpes, and not per capita, the determination of the identity of the legitimate issue of each such son to be determined as of the date of death of the son whose share is to be distributed. THIRD: Trustee shall be paid the annual compensation for its services in accordance with its schedule of fees as from time to time established. This compensation shall be paid from income. This compensation shall be the sole compensation of Trustee who shall receive no further compensation on the termination of the Trust Estate, except such compensation to which it may be entitled as part of the expenses of administration of Settlor's Estate. AUTHENTICATED BY SETTLOR: AUTHENTICATED BY TRUSTEE: FARMERS TRUST COMPANY Beulah M. Steckel Jan~ F. Burke (SEAL) Social Security No.: 157-01-3003 Senior Vice President and Trust Officer COMMONWEALTH OF PENNSYLVANIA : : SS: COUNTY OF CUMBERLAND : On this, the day of October, '1994, before me, the subscriber, a Notary Public in and for said Commonwealth and County, came the above-named Beulah M. Steckel, unmarried, the person whose name is subscribed to the within instrument, and acknowledged the above Indenture of Trust to be her act and deed, and desired the same might be recorded as such. WITNESS my hand and notarial seal the day and year aforesaid. NOTA,~IAL SEAL J:',~'~ 71 CH£RRY. No~.'ry COMMONWEALTH OF PENNSYLVANIA : : SS: COUNTY OF CUMBERLAND : I hereby certify that on this day of October, 1994, before me, the subscriber, a Notary Public in and for said Commonwealth and County, came the above-named Jane F. Burke who acknowledged herself to be the Senior Vice President and Trust Officer of Farmers Trust Company, and that she, being authorized to do so, executed the foregoing instrument for the purposes therein contained by signing the name of the corporation by herself as Senior Vice President and Trust Officer. WITNESS my hand and seal the day and year aforesaid. '-~Nr~ ;'/ CHC-RR¥' Notary ~uNi~ J Carli~l~. Bor~ Cumb~-rl~;Id County ~,~-'~-,~,~"-/~L-- COHHONWEALTH OF PENNSYLVANIA BUREAU OF INDIVIDUAL TAXES DEPARTHENT OF REVENUE INHERITANCE TAX DIVZS/ON DEPT, 180601 HARR/SBURG, PA 17118-0601 NOT/CE OF /NHER/TANCE TAX APPRAISEMENT, ALLO#ANCE OR DZSALLO#ANCE OF DEDUCTIONS AND ASSESSHENT OF TAX DATE 12-02-2002 ESTATE OF STECKEL BEULAH M DATE OF DEATH 02-18-2001 FILE NUHBER 21 02-0200 'ii; . ''~ ~ i;i~ COUNTY CUHBERLAND ROBERT H FREY ACN 101 5 S HANOVER ST Amoun~ Remitted CARLISLE PA 17015 HAKE CHECK PAYABLE AND REN/T PAYNENT TO: REGISTER OF WILLS CUHBERLAND CO COURT HOUSE CARLISLE, PA 17015 CUT ALONG TH/S LINE ~ RETA/N LOWER PORTION FOR YOUR RECORDS REV-1547 EX AFP (01-OE) NOTICE OF INHERITANCE TAX APPRAISEHENT~ ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSHENT OF TAX ESTATE OF STECKEL BEULAH H FILE NO. 21 02-0200 ACH 101 DATE 12-02-2002 TAX RETURN HAS: (X) ACCEPTED AS F/LED ( ) CHANGED RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRA/SED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate {Schedule A) (1) ~7~500.00 NOTE: To insure proper 2. Stocks and Bonds (Schedule B) {2) 5~01~.00 credit to your account, 3. Closely Held Stock/Partnership Interest (Schedule C) (3) .00 submit the upper port/on ~. Mortgages/Notes Receivable {Schedule D) {~) 1~q76.00 of this fora w/th your 5. Cash/Bank Daposits/Misc. Personal Property (Schedule E) ($) ~751.00 tax payment. 6. Jointly Owned Property (Schedule F) (6) .00 7. Transfers (Schedule G) (7) ~0~000.00 8. Total Assets (8) 65~,161.00 APPROVED DEDUCTIONS AND EXEHPTZONS: 17,677.00 9. Funeral Expenses/Ada. Costs/N1sc. Expenses (Schedule H) (9) 10. Dobts/Hor~gagm Liabilities/Liens (Schedule 1) (10) ~;71~.00 11. Total Deductions (11) 12. Net Value of Tax Return (12) 631,770.00 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (15) ~9,000.00 1~. Net Value of Estate Subject to Tax (1~) 602,770.00 NOTE: Zf an assessment ~as lssued previously, lines 1~, 15 and/or 16, 17, 18 and 19 ~111 re~lect ~igures that include the total of ALL returns assessed to date. ASSESSHENT OF TAX: 15. Amount of L/ne 1~ at Spousal rate (15) .00 X O0 = .00 16. Amount of L~nm 1~ taxable at Lineal/Class A rat® (16). 602,770.00 x 0~5 = 27,125.00 17. Amount of Line lq at Sibling rata (17) .00 X 11 = .00 18. Amount of Line lq taxable at Collateral/Class B rata (18) .00 X 15 = .00 19. Princ1~al Tax Due (19)= 27,125.00 TAX CREDZTS: PAYMENT RECE/PT DISCOUNT (+J I AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) 05-16-2002 CD001182 1,$5~.8~ 15,7~2.00 INTEREST IS CHARGED THROUGH 12-17-2002 TOTAL TAX CREDTT 27,096.8~ AT THE RATES APPLICABLE AS OUTLINED ON THE BALANCE OF TAX DUEI 28.16 REVERSE SIDE OF THIS FORM ]:NTEREST AND PEN. .15 TOTAL DUE 28.19 ~ :ZF PAID AFTER DATE TNDICATED~ SEE REVERSE ( ZF TOTAL DUE IS LESS THAN $1, NO PAYHENT TS REQUIRED. FOR CALCULAT/ON OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A "CRED]:T" (CR), YOU HAY BE DUE A REFUND. SEE REVERSE S/DE OF THTS FORH FOR INSTRUCTTONS. ) RESERVATION: Estates of decedents dying on or before December 12, 1982 -- Jf any futura interest in the estate is transferred in possession or enjoyment to Class B (collateral) beneficiaries of the decedent after the expiration of any estate for life or for years, the Commonwealth hereby expressly reserves the right to appraise and assess transfer Inheritance Taxes at the lawful Class D (collateral) rate on any such future interest. PURPOSE OF NOTICE: To ~ulfill the requirements of Section Z1~0 of the Inheritance and Estate Tax Act, Act 23 of 2000. (7Z P.S. Section 91qO). PAYMENT: Detach the top portion of this Notice and submit with your payment to the Register of Rills printed on the reverse side. --Make check or money order payable to: REGISTER OF HILLS, AGENT REFUND (CR): A refund of a tax credit, ehich was not requested on the Tax Return, may be requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-ISIS). Applications ara available at the Office of the Register of Hills, any of the 23 Revenue District Offices, or by calling the special Z~-hour answering service far farms ordering: 1-800-$62-Z050~ services for taxpayers ~ith special hearing and / or speaking needs: 1-800-4q7-3020 (TT only). OBJECTIONS: Any party tn interest not satisfied with the appraisement, allowance, or disallowance of deductions, or assessment of tax (including discount or interest) as shown on this Notice must object ~ithin sixty (60) days of race[pt of this Notice by: --aritten protest to the PA Department of Revenue, Board of Appeals, Dept. ZB1021, Harrisburg, PA 17128-1021, OR --election to have the matter determined at audit of the account of the personal representative, OR --appeal to the Orphans' Court. ADMIN- ISTRATIVE CORRECTIONS: Factual errors discovered on this assessment should be addressed in writing to: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Review Unit, Dept. 280601, Harrisburg, PA 171za-0601 Phone (717) 787-6S0S. Sea page S of the booklet "Instructions for Inheritance Tax Return for a Resident Decedent" (REV-la01) for an explanation of administratively correctable errors. DISCOUNT: If any tax due is paid within three (3) calendar months after the decadent's death, a five percent (52) discount of the tax paid is allowed. PENALTY: The 152 tax amnesty non-participation penalty ts computed an the total of the tax and interest assessed, and not paid before January IB, 1996, the first day after the and of the tax amnesty period. This non-participation penalty is appealable in the same manner and in the the saea tiaa period as you would appeal the tax and interest that has been assessed as indicated on this notice. INTEREST: lnterest is charged beginning ~ith first day of delinquency, or nine (9) months and one (l) day from the date of death, to the date af payment. Taxes ehich became delinquent before January 1, 1982 bear interest at the rate of six (6X) percent per annum calculated at a daily rate of .O0016q. Al! taxes ehich became delinquent on and after January l, 1982 mil! bear interest at a rate which wil! vary from calender year to calendar year with that rate announced by the PA Department of Revenue. The applicable interest rates for 1982 through 2002 are: Year Interest Rate Daily Interest Factor Year Interest Rate Daily Interest Factor 1982 202 .OOOSq8 1992 92 .0002q7 1983 162 .000~38 1993-199q 72 .000192 198q llZ .000301 1995-1998 92 .0002q7 1985 13Z .000~56 1999 7Z .a00192 1986 lOZ .O00ZTq 2000 82 .OOOZl9 1987 92 .O00Zq7 ZOO1 9Z .0002~7 1988-1991 llZ ,O0030l 2002 62 .00016q --Interest is calculated as follows: I'NTEREST = BALANCE OF TAX UNPAID X NUNBER OF DAYS DELTNQUBNT X DALLY INTEREST FACTOR --Any Notice issued after the tax becomes delinquent mill reflect an interest calculation to fifteen (15) days beyond the date of tho assessment. If payment is made after the interest computation date shown on the Notice, additional interest must ba calculated. COMNONNEALTH OF PENNSYLVANIA ~ BUREAU OF INDIVIDUAL TAXES DEPARTMENT OF REVENUE INHERITANCE TAX DIVISION DEPT. Z806Ol INHERITANCE TAX HARRISBURG, PA 171Z8-0601 STATEHENT OF ACCOUNT REV-I~O? EX AFP (01-02) DATE 12-O$-ZOOZ ESTATE OF STECKEL BEULAH M DATE OF DEATH 02-18-2002 ';. -: .~-? FILE NUMBER 210Z-OZO0 COUNTY CUMBERLAND ROBERT M FREY ACN 101 5 S HANOVER ST Amoun1: Rmm/1:1:ed CARLISLE pA 17015 HAKE CHECK PAYABLE AND REM:IT PAYMENT TO: REGTSTER OF NTLLS CUMBERLAND CO COURT HOUSE CARLZSLE, PA 17015 NOTE: To insure proper credi1: t:o your accoun1:, submi1: 1:he upper por1:1on of 1:his form w~1:h your 1:ex paymen1:. CUT ALONG THXS LXNE ~ RETAIN LONER PORTION FOR YOUR RECORDS *-~ REV-X607 EX AFP (01-02) a~ XNHERXTANCE TAX STATEMENT OF ACCOUNT ~ ESTATE OF STECKEL BEULAH M FTLE ND. Z1 02-0200 ACN 101 DATE 1Z-O$-ZOOZ THTS STATEMENT TS PROV/DED TO ADVTSE OF THE CURRENT STATUS OF THE STATED ACN TN THE NAMED ESTATE. SHOMN BELO# TS A SUMMARY OF THE PR/NC/PAL TAX DUE, APPL'rCAT/ON OF ALL PAYMENTS, THE CURRENT BALANCE, AND, TF APPLICABLE., A PROJECTED INTEREST FIGURE. DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 12-02-2002 PRINCIPAL TAX DUE: ........................................................................................................................................................................................................................... 27,125.00 PAYMENTS (TAX CREDITS): PAYMENT RECEIPT DISCOUNT (+) DATE NUMBER INTEREST/PEN PAID (-) AMOUNT PAID 05-16-2002 CD00118Z 1,$5q.8q 25,742.00 10-ZS-Z00Z CD001776 .00 28.00 TOTAL TAX CREDIT 27,124.84 BALANCE OF TAX DUE .16 'rNTEREST AND PEN. . O0 'rF PA/D AFTER TH'rS DATE, SEE REVERSE TOTAL DUE .16 SIDE FOR CALCULATION OF ADDTTZONAL TNTEREST. TF TOTAL DUE TS LESS THAN $1, NO PAYMENT TS REQUIRED. ZF TOTAL DUE TS REFLECTED AS A "CREDTT" (CR), YOU MAY BE DUE A REFUND. SEE REVERSE S/DE OF TH'rS FORM FOR /NSTRUCTTONS. ) PAYMENT: Detach the top portion of this Notice and submit with your payment made payable to the name and address printed on the reverse side. -- If RES[DENT DECEDENT make check or money order payable to: REGISTER OF MILLS, AGENT. -- if NON-RES[DENT DECEDENT make check or money order payable to: COMMON#EALTH OF PENNSYLVANIA. REFUND [CE): A refund of a tax credit, which was not requested on the Tax Return, amy be requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-I~i$). Applications ara available at the Office of the Register of Wills, any of the 25 Revenue District Offices or from the Department's Iq-hour answering service for forms ordering: 1-&OO-36Z-ZOSO; services for taxpayers with special hearing and / or speaking needs: I-BOO-qq7-30ZO (TT only). REPLY TO: Questions regarding errors contained on this notice should be addressed to: PA Department of Revenue, Bureau of [ndividua! Taxes, ATTN: Post Assessment Review Unit, Dept. ZB0601, Harrisburg, PA 17128-0601, phone (717) 787-6505. DISCOUNT: if any tax due is paid within three (3) calendar months after the decedent's death, a five percent (SI) discount of the tax paid is allowed. PENALTY: The leg tax amnesty non-participation penalty is computed on the tote! of the tax and interest assessed, and not paid before January 18, 1996, the first day after the end of the tax amnesty period. iNTEREST: [nterest is charged beginning with first day of delinquency, or nine (9) months and one (1) day free the date of death, to the date of payment. Taxes which became delinquent before January l, 1982 bear interest at the rate of six (6Z) percent per annum calculated et a daily rate of .000164. All taxes which became delinquent on and after January 1, 1982 will bear interest at a rate which will vary from calendar year to calendar year with that rate announced by the PA Department of Revenue. The applicable interest rates for 1982 through Z002 are: Year Interest Rate Daily Interest Factor Year Interest Rate Daily Interest Factor 1982 20Z .000548 1992 92 .000247 198S 167. .000438 i993-1994 77. .000192 1984 llZ .00030I 1995-1998 9Z .000247 19Be 137. .000356 1999 77. .000192 1986 lOZ .000274 2000 8Z .000219 1987 97. .000247 2001 97. .000247 1988-1991 llT. .000301 ZOOZ 67. .000164 --Interest is calculated as follows: INTEREST = BALANCE OF TAX UNPAID X NUNBER OF DAYS DELINQUENT X DATL¥ TNTBREST 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. 21-2002-200 THIS INDENTURE OF TRUST, made this ~ ~-~t da), of October, 1994, by and between BEULAH M. STECKEL, unmarried, of 2 Todd Circle, Apartment A, Carlisle, Pennsylvania (hereinafter whether singular or plural referred to as "SETTLOR"), AND FARMERS TRUST COMPANY, One West High Street in the Borough of Carlisle, Cumberland County, Pennsylvania (hereinafter whether singular or plural referred to as "TRUSTEE"): WlTNESSETH: WHEREAS, Settlor desires to transfer and deliver to the Trustee certain property and securities, hereinafter described, for the purpose of creating a voluntary revocable Trust, and WHEREAS, the Trustee has agreed to accept the said property and securities and any property and securities which may hereafter be assigned to it by Settlor or others and to hold the same and the proceeds and income thereof upon the Trust hereby created. NOW, THEREFORE, in consideration of the covenants herein contained and the sum of One ($1.00) Dollar by the Trustee in hand paid to the Settlor at and before the ensealing and delivery of these presents, the receipt Whereof is hereby acknowledged, the Settlor has granted, conveyed, assigned, set over and delivered, and by these presents does grant, convey, assign, set over and deliver unto the Trustee, all the right, title and interest of the Settlor in and to the property and securities described in Schedule "A", which, signed by the Settlor, is attached hereto and made a part hereof, together with the appurtenances and all the estate and rights of the Settlor thereto. TO HAVE AND TO HOLD all and singular the above granted described property and securities unto the said Trustee and any. property and securities which may hereafter be assigned, devised and bequeathed, IN TRUST, NEVERTHELESS, for the following purposes and uses, and subject to the terms, conditions, powers and agreements hereinafter set forth. POWERS AND DUTIES OF TRUSTEE Section 1: The Trustee shall hold and manage the property and securities, together with such other property as may be acquired, during the existence of the Trust, all of which said property will hereinafter be referred to as the "Trust Estate", upon the terms and conditions, and for the uses and purposes, and with the duties and powers, that is to say: To hold and manage the said Trust Estate and every part thereof with full power to invest and reinvest the same in such loans, stocks, bonds, securities and real estate as shall be deemed by the Trustee to be suitable and proper for the investment of Trust funds and without being restricted to a class of investments which a Trustee is br may hereafter be permitted by law to make. In so doing, the Trustee is specifically authorized, in the Trustee's sole discretion and as the Trustee deems fitting and proper, to retain, sell, mortgage, partition, exchange or otherwise dispose of any or all of the property of the Trust Estate, both real and personal, including specifically the authorization to retain, buy or sell any shares of the stock of the Trustee; to vote, exchange and otherwise exercise all rights, privileges or options in any way pertaining to the stocks, bonds, securities and other assets at anytime belonging to the Trust Estate, provided, however, that with respect to any shares of stock of the Trustee, the beneficiaries may determine the manner in which said shares shall be voted and may actually direct how such shares shall be voted; to borrow money, to execute and renew promissory notes and to pledge the assets of the Trust Estate as security therefor; to make alterations of, repairs upon, additions to and erect improvements upon real estate, and to make leases therefor for such term even though in excess of five (5) years, as the Trustee may deem advisable; to make distribution of the principal and undistributed income of the Trust Estate to and among those entitled thereto at the termination of the Trust in kind or in cash, or partly in kind and partly in cash, as to the Trustee seems proper, just and equitable; to determine the manner of ascertainment of income and principal and the apportionment of receipts and expenses by the tenants and remaindermen of the Trust Estate; to make, execute and acknowledge and deliver ail instruments deemed necessary or required in the exercise of the hereinbefore mentioned powers; and otherwise in the management and conduct of said Trust Estate to do any and all things which an owner could do in his or her own right. Section 2: The Trustee, if and whenever it may be deemed advisable, or more convenient to do so, may cause any shares of stock, securities or other property of whatsoever character constituting part of the Trust Estate to be taken or stand in the name of the Trustee's nominee, with full power and authority in such nominee to receive and receipt for ail income therefrom. All taxes and governmentai charges, of whatsoever character, levied or assessed upon or payable by the Trustee with respect to the corpus or income of the Trust Estate, and all expenses of the administration of the Trust and all interest payable on account of any indebtedness or liabilities contracted, incurred or assumed by the Trustee, shall be paid out of the income of the Trust Estate, unless the Trustee, in the Trustee's discretion, shall deem that under the circumstances all or some part thereof should equitably be paid out of the corpus of the Trust Estate. Section 3: In the case in which the Trustee is required to divide the principai of the Trust Estate in parts or shares, and to distribute the same, the Trustee is authorized and empowered in the Trustee's sole discretion to make division or distribution in kind, or partly in kind and partly in cash. The judgment of the Trustee concerning the values for the purposes of such division or distribution of the property or securities shall be binding and conclusive on ail parties interested in such division or distribution. Section 4: No title, in the Trust Estate hereby created, or in the income accruing therefrom, or in its accumulation, shail vest in any beneficiary and no beneficiary shall have the right or power to transfer, assign, anticipate or encumber his or her interest in said Trust Estate, or the income therefrom, prior to the actuai distribution thereof by the Trustee to said beneficiary. Further, neither the income nor the principal of said Trust Estate shail be liable in any manner, in the possession of the Trustee, for the de.bts, contracts or engagements of any of the beneficiaries. Section 5: This Trust Agreement shall continue in force and continue to be administered by any successor to the Trustee which results from a merger, consolidation or reorganization of Trustee. DISTRIBUTION The Settlor directs the Trustee to disburse the income and principai of the Trust Estate in the manner hereinafter set forth in detail in Schedule "B" which, signed by Settlor, is attached hereto and made a part hereof. GENERAL PROVISIONS Section 1: The Settlor may grant and convey or assign or devise or bequeath additional property, securities or cash to the Trustee to be held under the terms hereof, and the Trustee is authgrized and empowered to receive the same for the uses and upon the Trust set forth herein. Section 2: The Trustee by joining in the execution of this instrument signifies acceptance of the Trust and acknowledges that the Trust has received this day from the Settlor all and singular the property and securities described in Schedule "A" attached hereto and made a part hereof and agrees to hold the same and use and dlspose of the proceeds thereof upon and subject to all and singular the trusts, terms and provisions set forth in this Indenture. Section 3: The situs of this Trust shall be for all purposes at One West High Street, Carlisle, Pennsylvania, or at such other place in Cumberland County, Pennsylvania, as Trustee may maintain an office, and in no event shall the situs or residence of the Trust be now or at any future time located outside Cumberland County, Pennsylvania. Section 4: It is agreed that the Settlor may by instrument in writing, delivered to the Trustee, (a) modify or alter this Agreement, in whole or in part, provided that the duties, powers and liability of the Trustee, shall not be changed without its written consent; or (b) revoke this Agreement in whole or in part. FARMERS TRUST COMPANY does hereby constitute and appoint Jane F. Burke to be its attorney for it and in its name and as and for its corporate act and deed to acknowledge this instrument before any person having authority by the laws of the Commonwealth of Pennsylvania, to take such acknowledgment, to the intent that the same may be duly recorded. IN WITNESS WHEREOF, BEULAH M. STECKEL, the Settlor, has hereunto set her hand and seal, and FARMERS TRUST COMPANY, the Trustee, has caused these presents to be signed in its corporate name by its Senior Vice President and Trust Officer, and its corporate seal to be hereto affixed, attested by its Assistant Secretary, the day and year first above written. WITNESS: ~'~"x'~ '~ ° ~f~ ,~'/-z,,x/(~:d' '??/Z .(~'_ L~.- .~,./' (SEAL) · Beulah M. Steckel ' ' FARMERS TRUST COMPANY ATTEST: ~ ~ ~,[J~sL~'~- (SEAL) J~e F. Burke 7 ~.~':.~2/[I/.(~"~. Senior Vice President and Trust Officer Assistant Secretary SCHEDULE "A" PROPERTY AND SECURITIES TRANSFERRED BY BEULAH M. STECKEL TO FARMERS TRUST COMPANY UNDER INDENTURE OF TRUST DATED OCTOBER , 1994 SCHEDULE A PROPERTY AND SECURITIES TRANSFERRED BY BEULAH M. STECKEL TO FARMERS TRUST COMPANY UNDER INDENTURE OF TRUST DATED OCTOBER 25, 1994 400 shs. Abbott Laboratories 140 shs. Air Communications 500 shs. American Government Term Trust, Inc. 462 shs. AT & T 208 shs. Ameritech 200 shs. Atlantic Richfield Co. 459 shs. Bank of America Corp. 220 shs Bell Atlantic Corp. 157 shs Bell South Corp. 532 shs Boeing Corp. 400 shs Brown Group, Inc. 284 shs Burlington Northern Corp. 495 shs Burlington Resources, Inc. 100 shs Catellus Development Corp. 1125 shs DPL Inc. 300 shs E.I. DuPont deNemours & Co. 118 shs. E1 Paso Natural Gas Co. 220 shs. Financial Trust Corp 296 shs General Motors Corp. 200 shs. General Motors Class E 100 shs. General Motors Class H 100 shs. Illinova Corp. 480 shs. Johnson & Johnson 450 shs. Kimberly Clark Corp. 500 shs. Masland Corp. 2292 shs. Meridian BankCorp. 300 shs. Mobil Corp. 200 shs. NYNEX Corp. 800 shs. Penna. Power & Light Co. 140 shs. Pacific Telesis Corp. 294 shs. Phillips Petroleum Co. 762 shs. Santa Fe Pacific Corp. 148 shs. Santa Fe Energy Resources 457 shs. Santa Fe Pacific Gold Corp. 210 shs. SouthWest Bell Corp. 200 shs. U.S. West 10 units Municipal Securities Trust 20M par Marathon Oil Co. 9.75% Notes due 3/1/99 SCHEDULE "B" PLAN OF DISTRIBUTION OF TRUST ESTATE OF BEULAH M. STECKEL UNDER INDENTURE OF TRUST DATED OCTOBER )..~% 1994 FIRST: The Trustee is directed to disburse the net income of the Trust Estate quarterly or at more frequent intervals to or for the use or benefit of the Settlor, Beulah M. Steckel, of 2 Todd Circle, Apartment A, Carlisle, Pennsylvania 17013, so long as she shall live. In addition, Trustee is directed to disburse so much of the principal of the Trust Estate as in its opinion is necessary or desirable to be expended for the proper maintenance and support of Beulah M. Steckel, which expenditures of principal shall be made to or for the use or benefit of Beulah M. Steckel. Trustee is directed to disburse income and principal from time to time in whatever manner and to whomever Beulah M. Steckel may in writing direct, so long as she remains mentally competent. If Beulah M. Steckel shall become incompetent, in such case the Trustee is directed to make annual gifts of $10,000.00 each to each of the three (3) sons of Beulah M. Steckel who are Eric Steckel, Frederick Steckel and Paul Steckel. SECOND: Upon the death of the said Settlor, Beulah M. Steckel, the Trust Estate as then constituted shall be retained by said Trustee and in the event the Probate Estate of Settlor shall be insufficient to pay specific bequests contained in Settlor's Last Will and Testament and the just debts of Settlor plus the reasonable administration expenses and funeral expenses of Settlor including inheritance, transfer and succession taxes which may be payable on account of Settlor's death including interest and penalties thereon, to the extent that Settlor's Probate Estate is unable to pay the same such expenses shall be paid from the Trust Estate and the balance of the Trust Estate shall be transferred to a successor, which successor Trustee shall be the three (3) sons of Beulah M. Steckel or to such successor Trustee as they or the majority of them shall select, which successor trustee, Eric Steckel, Frederick Steckel and Paul Steckel, shall distribute the same as follows: All of the rest, residue and remainder of my estate, real, personal and mixed, and wheresoever the same may be situate, I direct my Trustee to divide into nine (9) shares. The first six (6) shares shall be divided among my three (3) sons, Eric Steckel, Frederick Steckel and Paul Steckel, their heirs and assigns, provided each of them shall survive me by a period of ninety (90) days, but should any of them fail to so survive me then the share such deceased son would have received shall pass to such of his legitimate issue as shall survive him by a period of ninety (90) days, per stirpes, and if there be no such issue the same shall lapse and be added to the remaining shares of my other sons, their heirs and assigns, per stirpes. The remaining three (3) shares of the residue I give, devise and bequeath to my hereinafter named Trustee to be held in trust separately, the income from each of the three (3) shares to be paid to each of my three (3) sons during his lifetime and, upon the death of each son, the trust pertaining to his share shall terminate unless such deceased son shall be survived by a child or children under the age of 18 years, in which case the mother of such child or children shall receive the income until the youngest child has obtained the age of 18 years. Upon the death of the son or attainment of age 18 years by the youngest child of such deceased son, the trust shall terminate and the corpus be distributed per stirpes and not per capita among the legitimate issue of such deceased son. Should any son die without leaving legitimate issue, the corpus shall then be distributed between the other two trusts, or if they shall have already been distributed and terminated, the corpus shall then be distributed among the legitimate issue of the other son or sons, per stirpes, and not per capita, the determination of the identity of the legitimate issue of each such son to be determined as of the date of death of the son whose share is to be distributed. THIRD: Trustee shall be paid the annual compensation for its services in accordance with its schedule of fees as from time to time established. This compensation shall be paid from income. This compensation shall be the sole compensation of Trustee who shall receive no further compensation on the termination of the Trust Estate, except such compensation to which it may be entitled as part of the expenses of administration of Settlor's Estate. AUTHENTICATED BY SETTLOR: AUTHENTICATED BY TRUSTEE: FARMERS TRUST COMPANY Beulah M. Steckel Jan~ F. Burke Social Security No.: 157-01-3003 Senior Vice President and Trust Officer COMMONWEALTH OF PENNSYLVANIA : ~ SS: COUNTY OF CUMBERLAND : On this, the day of October, i994, before me, the subscriber, a Notary Public in and for said Commonwealth and County, came the above-named Beulah M. Steckel, unmarried, the person whose name is subscribed to the within instrument, and acknowledged the above Indenture of Trust to be her act and deed, and desired the same might be recorded as such. WITNESS my hand and notarial seal the day and year aforesaid. COMMONWEALTH OF PENNSYLVANIA : : SS: COUNTY OF CUMBERLAND : I hereby certify that on this day of October, 1994, before me, the subscriber, a Notary Public in and for said Commonwealth and County, came the above-named Jane F. Burke who acknowledged herself to be the Senior Vice President and Trust Officer of Farmers Trust Company, and that she, being authorized to do so, executed the foregoing instrument for the purposes therein contained by signing the name of the corporation by herself as Senior Vice President and Trust Officer. WITNESS my hand and seal the day and year aforesaid. · ,_xN~-~ ,,,I CHc_R,qY. N0t'..ry rubtic ~ ~_My Clm ..... ) fl STATUS REPORT UNDER RULE 6.12 Name of Decedent: BEULAH M. STECKEL Date of Death: FEBRUARY 18, 2002 Will No. Admin. No. 21-02-0200 Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 1. State whether administration of the estate is complete: Yes ( ) No ( X ) 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: 2004 3. If the answer to No. 1 is Yes, state the following: (a) Did the personal representative file a final account with the Court? Yes ( ) No (). (b) The separate Orphans' Court no. (if any) for the personal representative's account is: (c) Did the personal representative state an account informally to the parties in interest? Yes (X) No ( ) (d) Copies of receipts, releases, joinders and approvals of formal or informal accounts may be filed with the Clerk of the Orphans' Court and may be attached to this report. Date: MARCH 15, 2004 Signature~ '~ ~ , '. Robert M. Frey ~ Name (Please type or print) ~ 5 South Hanover Street ~ ,i~ Carlisle, Pa 17013 ' ~ Address · :~ ~ (717) 243-5838 :d~ C~ Telephone No. Capacity: ( ) Personal Representative ( X ) Counsel for personal representative JRD/June 30, 1992/17858 Date: January 10, 2005 : ORPHANS' COURT DIVISION : COURT OF COMMON PLEAS OF : CUMBERLAND COUNTY STECKEL PAUL H : PENNSYLVANIA RE: Estate of STECKEL BELAUH M File Number: 2002-0200 Dear Sir/Madam: It has come to my attention that you have not filed the Status Report by Personal Representative (Rule 6.12) in the above captioned estate. As per the AMENDMENTS TO SUPREME COURT ORPHANS' COURT RULES, NO. 103 SUPREME COURT RULES DOCKET NO. 1, for decedents dying on or after July 1, 1992, the personal representative or his counsel, within two (2) years of the decedent's death, shall file with the Register of Wills a Status Report of completed or uncompleted administration. This filing will become delinquent on: 02/18/2005 Your prompt attention to this matter will be appreciated. Thank you. Sincerely, GLENDA FARNER STRASBAUGH REGISTER OF WILLS cc: File Counsel Personal Representative Judge STATUS REPORT UNDER RULE 6.12 Name of Decedent: BELUAH M. STECKEL Date of Death: February 18, 2002 Will No. Admin. No. 21-02-0200 Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 1. State whether administration of the estate is complete: Yes ( ) No ( x ) 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: December 3Z, 2005 3. If the answer to No. 1 is Yes, state the following: (a) Did the personal representative file a final account with the Court? Yes ( ) No ( ) (b)The separate Orphans' Court no. (if any) for the personal representative's account is: (c)Did the personal representative state an account informally to the parties in interest? Yes (X) No ( ) (d) Copies of receipts, releases, joinders and approvals of formal or informal accounts may be filed with the Clerk of the Orphans' Court and may be attached to this report. Date: January 12, 2005 Signature{~'~r~'~<~--'~'~'z' Robert M. Frey Name (Please type or print) 5 South Hanover Street, Carlisle PA 17013 c~ c~~. c~ .~.~ ADDRESS ....... ::- ~-: (717) 243-5838 ~:' '.' ~ Telephone No. ~r:: .... : _.~ :~:~ Capacity: ( ) Personal Represen~tive ~:~_ ;:~, ( X ) Counsel for personal representative Cumberland County - Register Of Wills One Courthouse Square Carlisle, PA 17013 phone: (717) 240-6345 Date: 1/13/2006 FREY ROBERT M 5 S HANOVER STREET CARLISLE, PA 17013 RE: Estate of STECKEL BEULAH M File Number: 2002-00200 Dear Sir/Madam: It has come to my attention that you have not filed the Status Report by Personal Representative (Rule 6.12) in the above captioned estate. As per the AMENDMENTS TO SUPREME COURT ORPHANS' COURT RULES, NO. 103 SUPREME COURT RULES DOCKET NO.1, for decedents dying on or after July 1, 1992, the personal representative or his counsel, within two (2) years of the decedent's death, shall file with the Register of Wills a Status Report of completed or uncompleted administration. This filing is due by: 2/18/2006 Your prompt attention to this matter will be appreciated. Thank You. Sincerely, ~~~ '_.! GLENDA FARNER STRASBAUGH REGISTER OF WILLS cc: File Personal Representative(s) Judge STATUS REPORT UNDER RULE 6.12 Name of Decedent: STECKEL, BEULAH M. Date of Death: February 18, 2002 Will No. Admin. No. 21-02-00200 Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 1. State whether administration of the estate is complete: Yes (X) No ( ) 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: 3. If the answer to No.1 is Yes, state the following: (a) Did the personal representative file a final account with the Court? Yes () No (X). (b) The separate Orphans' Court no. (if any) for the personal representative's account is: (c) Did the personal representative state an account informally to the parties in interest? Yes (X) No ( ) (d) Copies of receipts, releases, joinders and approvals of formal or informal accounts may be filed with the Clerk of the Orphans' Court and may be attached to this report. Date: February 2, 2006 ~-~_(-h Signature ....~ Robert M. Frey Name (Please type or print) 5 South Hanover Street Carlisle. Pa 17013 Address (717) 243-5838 Telephone No. Capacity: ( ) Personal Representative ( X ) Counsel for personal representative !... (~ .. . '\ ;-J -(, ,- ^~.1 ' /.., ~; 1, ~ J :~...-' j:j -: i.; JJ~