The URL can be used to link to this page

Home My WebLink About02-0246PETITION FOR PROBATE and GRANT OF LETTERS also known as To: Deceased. Social SecuriLv No. Z. ta ~- ~t6 - ~Z.~ ~ 2!-02-2a. 5 Register of Wills for the County of O..t-x/xk~,W~qkk/ln/xYD Commonwealth of Pennsylvania The pelition of the undersigned respectfully represents thai: Your petitioner(s), x~ho is/are 18 years of age or older an the execul in the last will ol the above decedent, dated O c."r-6 ~o..-R_ and codicil(s) dated in the named ,19 qq (state relevant circumstances, e.g. renunciation, death of executor, etc.) Decendenl was domiciled at death in (~,o',cr~ ~>e,c ~8~,0 County, Pennsylvania, with h 15 last family or principal residence at (list street, number and muncipality) Decendent, then '7 7 years of age, died :D'"',o, ~ ,o,.~ ~',,~ 3 '1 ,~ E e 22_, Except as follows, decedent did not marry, was not divorced and did not have a child born or adopted after execution of the will offered for probate; was not the victim of a killing and was never adjudicated incompetent: Decendent al death owned property with estimated values as follows: (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: $ WHEREFORE, petitioner(s) respectfully request(s_~) the probate of the last will and codicil(s) presented herewith and the grant of letters r-ea"r'o r,~e,~ r.~ (testamentary; administration c.t.a.; administration d.b.n.c.t.a.) theron. ~ O OATH OF PERSONAL REPRESENTATIVE COMMONWEALTH OF PENNSYLVANIA ~ COUNTY OF ~'o m ~e t-I ~ o f ss The petitioner(s) above-named swear(s) or affirm(s) that the statements in the foregoing petition are true and correct to the best of the 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 estate according to law. Sworn to or affirmed and subscribed f- Ik~'v-,...,~ C~~ before me this 7th _ ~ day of ~ _ ~' 'Ma~ _~_ ~ 200?J _ ~ No. 21-02-~a6 Estate Of JOHN S Wadre JR , Deceased DECREE OF PROBATE AND GRANT OF LETTERS March 8 AND NOW the reverse side hereof, satisfactory proof having been presented before me, IT IS DECREED that the instrument(s) dated !0-2~ !999 described therein be admitted to probate and filed of record as the last will of · IOHN S WA-nE .JR and Letters TESTAME,~!TARY are hereby granted to Ann Neese Wade t9.2007 , in consideration of the petition on FEES Probate, Letters, Etc .......... $ 305.00 Short Certificates( ) .......... $ 18.00 21.00 l~-paqes. enunciation ................ $ acp s TOTAL __ $ 349.00 Filed ................................... A'FFORNEY (Sup. Ct. I.D. No.) PHONE his is to certify that the information here given is correctly copied from an original certificate of death duly filed with me as Local Registrar. The original certificate will be forwarded to the State Vital Records Office for permanent filing. WARNING: It is illegal to duplicate this copy by photostat or photograph. Fee for this certificate, $2.00 ~~ P 8 0 2 9 2 0 2 No. '~ Date Local Registrar FEB 0 8 2002 21-02-246 ,3 Rev. 2/87 COMMONWEALTH OF PENNSYLVANIA · DEPARTMENT OF HEALTH · VITAL RECORDS CERTIFICATE OF DEATH , John s Wade,Jr · ~ . . ~. e J. 265 -- 28- 3282 I.aan,,o 31 2002 I~' ~ I~'"'1 ...... "'" I ~"'~=~ ...... ' 77 ~.~ : ~ : m a~ 25 25 I B~ ~ I,~,~ ~,~ ' ~ ~- I. 1~. I ~er~ 'h bar All~ ~] 49 ~nter Drive ~ ~" I~' IG~k~~;~ )~ U.8. ~MED F~ES? I I~f~ ~ ~ 7ac~) ~ ~AL ~U5 - ~~.~. I ~IVI~ ~ ~lle-~e ~zes~r ~nn State P~:el:r~:~ NT'S MNLIN~ ~q~.~ ~ (~t~e~. C~/TO~. 49 Center Drive 1~ Camp Hill, Pa 17011 FATHER'S NAME (Fkst M~dle. tas~) ,.. John S. Wade Sr .. Ann N. Wade p~ ,,. Estell ~c~ I~- 49 ~nter ~ivo ~ H~, Pa ~17011 i:~,,~.~o,~--.~,-~ i=~.c~,~,..~.~ I ~st ~isb~g ~to~ I ~isbur~, Pa ]~c. i~,~. INAMENr~IOADORES,SOFFACIUTY 1903 Market Street =Myers-Hamer Funeral Home InccA,. M1 1. pa 17011 LICENSE NUMBER D*QE S~iNED REFERRED ~ MEdiCAL EXAMINER/CORONER? I~J~ lO (OR AS A CONSE(X/E NCE O~: DUE ~) (OR AS A CONSEQUENCE O~: DUE ~D (OR AS A CONSEQUENCE OF): m I~e,, I:"~. M. I INJURY ,1~ WORK? mam~e~ aa ,tared ...... ' , , ( ) [] LAST WILL AND TESTAMENT OF JOHN SPERRY WADE, JR. 21~-02-246 I, John Sperry Wade, Jr., of Camp Hill, Cumberland County, Pennsylvania, declare that this is my Will. My Social Security Number is 265-28-3282. Item 1. REVOCATION OF PREVIOUS WILLS I revoke all Wills and Codicils that I have previously made. Item 2. MARITAL STATUS I am married to Ann Neese Wade. All references in this Will to "my wife" or "my spouse" are references to her. Item 3. CHILDREN I have the following children now living: James A. Wade, John S. Wade, III, Margaret Wade Boehm, and Robert D. Wade. Item 4. DISPOSITION OF PROPERTY All beneficiaries must survive me for thirty days to receive property under this Will. As used in this Will, the phrase survive me means to be alive or in existence as an organization on the thirtieth day after my death. All personal and real property that I leave in this Will shall pass subject to any encumbrances or liens placed on the property as security for the repayment of a loan or debt. If I leave property to be shared by two or more beneficiaries, it shall be shared equally by them unless this Will provides otherwise. Entire estate means all property I own at my death that is subject to this Will. Specific bequest refers to a girl of specifically identified property that I leave in this Will. Residuary estate means all property I own at my death that is subject to this Will that does not pass under a specific bequest. Page 1 of 8 Initials: Item 4 (A) DISPOSITION OF PROPERTY SPECIFIC BEQUESTS I leave my oil on walnut portrait called "Gypsy Boy" painted by Martha Duncan Wade to my wife, Ann Neese Wade. If my wife, Ann Neese Wade does not survive me, I leave this property to my son, John S. Wade, III. I leave my stock in Wade Technology, Inc. to my wife, Ann Neese Wade. If my wife, Ann Neese Wade does not survive me, I leave this property to my son, James A. Wade. I leave my ownership interest in my personal residence at 49 Center Drive, Camp Hill, Cumberland County, Pennsylvania. to my wife, Ann Neese Wade. If my wife, Ann Neese Wade does not survive me, I leave this property to my son, Robert D. Wade. Item 4 (B) DISPOSITION OF PROPERTY CREDIT SHELTER TRUST On my death, I give to my trustee, James A. Wade, to hold, manage, invest and reinvest in trust ("credit shelter trust"), in addition to all assets received directly by trustee that are excludable from my gross estate for federal estate tax purposes, assets of a total value equal to the largest amount, if any, that can pass free of federal estate tax by reason of the unified credit and any other credits available for federal estate purposes except the following: (i) The state death tax credit to the extent that the use thereof would require an increase in the amount of state death taxes paid; and (ii) The credit for tax on prior transfers to the extent that credit arises from transfers to me from individuals who die after me. Such latter amount shall be reduced by the value for federal estate tax purposes of any gifts which do not qualify for the marital or charitable deduction made by me under this Will or otherwise, and further reduced by an amount equal to the sum of all charges to principal, except death taxes, (since I direct hereafter that these death taxes be paid from this trust), that are not deducted in computing my federal estate tax. I recognize that depending upon the amount of bequests under my Will, my non-testamentary dispositions, the amount of state death taxes and administration expenses, and other factors this trust might be non-existent or might consume all assets hereunder, so that no assets may remain to pass outright to my wife pursuant to the residuary girl hereafter. Page 2 of 8 Initials.'~ ¢~/ The assets of the credit shelter trust shall be held and distributed on the following terms: Payment of Income During Spouse's Life 1. The Trustee shall pay to or apply for the benefit of my spouse Ann Neese Wade, ("Beneficiary") all of the net income from the trust estate during the Beneficiary's lifetime, payable monthly or in other convenient installments but in no event less often than annually. Invasion of Principal by Spouse 2. The Trustee shall pay to the Beneficiary on her written request any additional amounts from the principal of the trust estate the Beneficiary, from time to time, determines to be reasonably required for support in the Beneficiary's accustomed manner of living. The Beneficiary need not exhaust other income or principal in order to be entitled to receive such payments. Payment of Income and Principal to Children 3. After death of my spouse the Trustee shall immediately distribute the balance of the trust estate in equal shares to my children then living. If any child of mine not then living leaves issue then surviving, an equal share of the trust estate shall be distributed to the then surviving issue of each such child per stirpes and not per capita. Alienation and Attachment of Beneficiary's Interest 4. No beneficiary or remainderperson of this Trust shall have any right to alienate, encumber, or hypothecate his or her interest in the principal or income of the Trust in any manner, nor shall any interest of any beneficiary or remainderperson be subject to claims of his or her creditors or liable to attachment, execution, or other process of law. Administration of the Trust 5. During administration of the Trust created hereunder, my individual Trustee may appoint a bank or trust company to serve as an additional Trustee. My individual Trustee shall have the right to remove the corporate trustee then serving hereunder and to appoint another bank or trust company to serve in its place or to leave such office vacant. I also direct that my individual Trustee shall have the right to appoint his successor, provided that his successor shall be a bank or trust company. 6. If my son, James A. Wade, fails to survive me, renounces his right to serve, resigns, or dies or becomes disabled while serving as individual Trustee without having designated a successor Trustee in accordance herewith, I name, constitute and appoint, my son, John S. Wade, III, of Virginia Beach, Virginia, to serve as sole Trustee hereunder. Page 3 of 8 Initials: N,~.~ 7. Any appointment, removal, substitution or resignation shall be made by written instrument, duly signed, acknowledged before a Notary Public and filed with the records of the Trust hereunder. Any such instrument may be changed in like manner by the person or persons making the same before it takes effect, need not take effect immediately, and may be contingent upon the performance or non-occurrence of any event. 8. The Trust shall also be governed by the General Trust Administration Provisions in this Will. Item 4 (C) DISPOSITION OF PROPERTY RESIDUARY BEQUEST I leave my residuary estate to my wife, Ann Neese Wade. If my wife, Ann Neese Wade does not survive me, I leave my residuary estate in equal shares to such of my issue per stirpes as shall survive me by thirty days. Item 5. PERSONAL REPRESENTATIVE I name my wife, Ann Neese Wade to serve as my personal representative. If my wife, Ann Neese Wade is unwilling or unable to serve as personal representative, I name my son, James A. Wade to serve instead. No personal representative shall be required to post bond. Item 6. PERSONAL REPRESENTATIVE'S POWERS I direct my personal representative to take all actions legally permissible to have the probate of my Will done as simply and as free of court supervision as possible under the laws of the state having jurisdiction over this Will, including filing a petition in the appropriate court for the independent administration of my estate. I grant to my personal representative the following powers, to be exercised as he or she deems to be in the best interests of my estate: 1) To retain property without liability for loss or depreciation. 2) To dispose of property by public or private sale, or exchange, or otherwise, and receive and administer the proceeds as a part of my estate. 3) To vote stock, to exercise any option or privilege to convert bonds, notes, stocks or other securities belonging to my estate into other bonds, notes, stocks or other securities, and to exercise all other rights and privileges of a person owning similar property. 4) To lease any real property in my estate. 5) To abandon, adjust, arbitrate, compromise, sue on or defend and otherwise deal with and settle claims in favor of or against my estate. Page 4 of 8 Initials:~,~ ~J ! 6) To continue or participate in any business which is a part of my estate, and to incorporate, dissolve or otherwise change the form of organization of the business. The powers, authority and discretion I grant to my personal representative are intended to be in addition to the powers, authority and discretion vested in him or her by operation of law by virtue of his or her office, and may be exercised as often as is deemed necessary or advisable, without application to or approval by any court. Item 7. GENERAL TRUST ADMINISTRATION PROVISIONS All Trusts established in this Will shall be managed subject to the following provisions. Bond No bond shall be required of any Trustee. Court Supervision My intent is that any Trust established in this Will be administered independently of court supervision to the maximum extent possible under the laws of the state having jurisdiction over the Trust. Powers of the Trustee In addition to other powers granted a Trustee in this Will, a Trustee shall have the powers to: 1) Invest and reinvest Trust funds in every kind of property and every kind of investment, provided that the Trustee acts with the care, skill, prudence and diligence under the prevailing circumstances that a prudent person acting in a similar capacity and familiar with such matters would use. 2) Receive additional property from any source and acquire or hold properties jointly or in undivided interests or in parmership or joint venture with other people or entities. 3) Enter, continue or participate in the operation of any business, and incorporate, liquidate, reorganize or otherwise change the form or terminate the operation of the business and contribute capital or loan money to the business. 4) Exercise all the rights, powers and privileges of an owner of any securities held in the Trust. 5) Borrow funds, guarantee or indemnify in the name of the Trust and secure any obligation, mortgage, pledge or other security interest, and renew, extend or modify any such obligations. 6) Lease Trust property for terms within or beyond the term of the Trust. 7) Prosecute, defend, contest or otherwise litigate legal actions or other proceedings for the protection or benefit of the Trust; pay, compromise, release, adjust or submit to arbitration any debt, claim or controversy; and insure the Trust against any risk and the Trustee against liability with respect to other people. Page 5 of 8 Initials: 8) Pay himself or herself reasonable compensation out of Trust assets for ordinary and extraordinary services, and for all services in connection with the complete or partial termination of this Trust. 9) Employ and discharge professionals to aid or assist in managing the Trust and compensate them from the Trust assets. 10) Make distributions to the beneficiaries directly or to other people or organizations on behalf of the beneficiaries. Severability The invalidity of any Trust provision of this Will shall not affect the validity of the remaining Trust provisions. Item 8. PAYMENT OF DEBTS AND TAXES Except for liens and encumbrances placed on property as security for the repayment of a loan or debt, I want all inheritance, estate and transfer taxes, debts and expenses owed by my estate to be paid out of the principal of the Credit Shelter Trust established in Item 4 (B) in this Will. Item 9. NO CONTEST PROVISION If any beneficiary under this Will contests this Will or any of its provisions, any share or interest in my estate given to the contesting beneficiary under this Will is revoked and shall be disposed of as if that contesting beneficiary had not survived me. Item 10. SEVERABILITY If any provision of this Will is held invalid, that shall not affect other provisions that can be given effect without the invalid provision. SIGNATURE I, John Sperry Wade, Jr., the Testator, sign my name to this instrument, this d e "~ day of t~cr*~l~e~ ., /'~ .,at f.~,*~? ,,j.-J/ (~o,-~.~ (~. ~et Ideclare that I sign and execute this instrument as my last Will, that I sign it willingly, and that I execute it as my free and voluntary act. I declare that I am of the age of majority or otherwise legally empowered to make a will, and under no constraint or undue influence. (Signe\~)~~vv'v Page 6 of 8 WITNESSES We, the wimesses, sign our names to this instrument, and declare that the Testator willingly signed and executed this instrument as the Tcstator's last Will. In the presence of the Testator, and in the presence of each other, we sign this Will as witnesses to the Testator's signing. To the best of our knowledge, the Testator is of the age of majority or otherwise legally empowered to make a Will, is mentally competent and under no constraint or undue influence. We declare under penalty of'perjury that the foregoing is true and correct, this ~ Z --.__4 Witness #1: .-~ Residing at: Witness #~ ~ ~x.~ Residing at: Page 7 of 8 ACKNOWLEDGMENT AND AFFIDAVIT Commonwealth of Pennsylvania' · SS. Cumberland County · We, John,Sperry Wade, Jr., -~Y,-~ ~ ifa '~'. d~lX~ f~ ~-~_ ~, . T~ ~ ~ ~ ~ [ ~ ~ , the Testmor ~d the witnesses respectively, whose nmes are signed to the foregoing ~nstmment, being first duly sworn, do hereby decl~e to the undersized authority that the Testator si~ed ~d executed the ins~ment as his Last Will, ~d that the Testator si~ed willingly, and that the Testator executed it as his ~ee ~d vol~t~ act for the pu~oses therein expressed, ~d that each of the witnesses, in the presence ~d hemng of the Testator, signed the Will as wi~esses, ~d that to the best of their ~owledge, the Testator was at that time eighteen ye~s of age or older, of sound mind ~d ~der no constraint or ~due influence. Testator: ~- ~ ~ ~ Witness: ~~~. ~~ ~ Witne~ '~~ Subscribed, sworn to and acknowledged before me by John Sperry Wade, Jr. the Testator, and subscribed, and sworn to before me by ~-0, -..t<, ~J~. 04 ~ (~ ~, i(Ot, witnesses, onthis, the ~z~ dayof ~$e~ ~19 ~fi . Not~ Public ~ "~7~:~.7 ~':'."'"~:" :::~..:~ ~ My commission expires [___z_...:_. ., ~_ .:.2: ~(,.27;-,: :,,,: ,:~ ,,. ~ Page 8 of 8 CERTIFICATION OF NOTICE UNDER RULE 5.6(a) Name of Decedent: John Sperry_ Wade, Jr. Date of Death: January_ 31, 2002 Will No. 21-02-0246 Admin. No. 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 June 14, 2002 Name Ann Neese Wade Address James A. Wade 49 Center Drive, Camp Hill, PA 17011 601 Fields Drive, Lafayette Hill, PA 19444-1519 Notice has now been given to all persons entitled thereto under Rule 5.6(a) except Date: Name: James J. McCarthy, Jr., Esquire Address: 2041 Herr Street Harrisburg, PA 17103-1624 Telephone (717). 233-5974 Capacity: __ Personal Representative X Counsel for Personal Representative COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO. REV-1162 EX(11-96) CD 001782 JAMES J MCCARTHY ESQUIRE 2041 HERR STREET HARRISBURG, PA 17103-1624 ........ fold ESTATE INFORMATION: SSN: 265-28-3282 FILE NUMBER: 21 02-0246 DECEDENT NAME: WADE JOHN S JR DATE OF PAYMENT: 10/30/2002 POSTMARK DATE: 00/00/0000 COUNTY: CUMBERLAND DATE OF DEATH: 01/31/2002 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 $8,945.92 REMARKS: TOTAL AMOUNT PAID: JAMES J MCCARTHY ESQUIRE $8,945.92 SEAL CHECK# 573 INITIALS: AC RECEIVED BY: MARY C. LEWIS REGISTER OF WILLS REGISTER OF WILLS COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT COUNTY CODE YEAR 00246 NUMBER DECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL) Wade, Jr., John Sperry DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR) 01/31/2002 01/25/2025 (IF APPLICABLE) SURVIVING SPOUSE'S NAME ( LAST, FIRST AND MIDDLE INITIAL) Wade, Ann Neese [] 1. Odginal Return [] 2. Supplemental Return [] [] 4. Limited Estate [] 4a. Future Interest Compromise (date of death after 12-12-82) [] [] 6. Decedent Died Testate (Attach copy [] 7. Decedent Maintained a Living Trust (Attach 1 of Will) copy of Trust) [] 9. Litigation Proceeds Received [] 10. Spousal Poverty Credit (date of death between [] 12-31-91 and 1-1-95) 4AME James J. McCarthy, Jr., Esq. :IRM NAME (If applicable) tELEPHONE NUMBER 717/233-5974 SOCIAL SECURITY NUMBER 265-28-3282 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS SOCIAL SECURITY NUMBER 3. Remainder Return (date of death prior to 12-13-82) 5. Federal Estate Tax Retum Required 8. Total Number of Safe Deposit Boxes 11. Election to tax under Sec. 9113(A) (Attach Sch O) COMPLETE MAILING ADDRESS 2041 Herr Street Harrisburg, PA 17103-1624 1. Real Estate (Schedule A) (1) 2. Stocks and Bonds (Schedule B) (2) 3. Closely Held Corporation, Partnership or Sole-Proprietorship (3) 4. Mortgages & Notes Receivable (Schedule D) (4) 5. Cash, Bank Deposits & Miscellaneous Personal Property (5) (Schedule E) 6. Jointly Owned Property (Schedule F) (6) [] Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) (9) 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10) 11. Total Deductions (total Lines 9 & 10) None 347,645.32:- None None None None None 4,801.00 0.00 (8) 347,645.32 4,801.00 342,844.32 342,844.32 (11) 12. Net Value of Estate (Line 8 minus Line 11) (12) 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) 14. Net Value Subject to Tax (Line 12 minus Line 13) (13) (14) SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, 144,046.04 x .00 or transfers under Sec. 9116(a)(1.2) 16. Amount of Line 14 taxable at lineal rate 198,798.28 x .045 (15) 0.00 (16) 8,945.92 17.Amount of Line 14 taxable at sibling rate x .12 (17) 18. Amount of Line 14 taxable at collateral rate x .15 (18) 19. Tax Due (19) 8,945.92 ~',~ ~ , ~' ' ~i~ ..... ~ ~ , ~v ...... ~,~:~~~; ". !' f Copyright 2000 form software only The Lackner Group, Inc. Form REV-~500 EX (Rev. 6-00) Decedent's Complete Address: ISTREETADDRESS 49 Center Drive 'CITY Camp Hill STATE PA ZIP 17011 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C, Discount (1) Total Credits(A +B+C) · (2) 3. InterestJPenalty if applicable D. Interest E. Penalty Total InterestJPenalty (D + E) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (4) Check box on Page t Line 20 to request a refund 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) A. Enter the interest on the tax due. (SA) Bo Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) Make Check Payable to: REGISTER OF WILLS, AGENT 8,945.92 0.00 0.00 8,945.92 8,945.92 PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred; ............................................................................. [] [] b. retain the right to designate who shall use the property transferred or its income; ................................ [] [] 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? ................................................................................................................ [] [] 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? ...... [] [] 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ............................................................................................................... [] [] IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. 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 ADDRESS DATE SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN ADDRESS DATE 49 Center Drive Camp Hill, PA 17011 SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE James J. McCarthy, Jr., [ ADDRESS 2041 Herr Street Harrisburg, PA 17103-1624 DATE For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3% [72 P.S. {}9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. {}9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is 0% [72 P.S. §9116 (a) (1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. §9118 1.2) [72 P.S. §9116 (a) (1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. §9116 (a) (1.3)]. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Wade, Jr., John Sperry SCHEDULE B STOCKS & BONDS FILE NUMBER 21 - 02 - 00246 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION UNIT VALUE OF DEATH 1 Prudential Securities Incorporated. Per attached list (See Exhibit I) 347,645.32 TOTAL {Also enter on line 2, Recapitulation) 347,645.32 COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINIS'rRATNE COSTS ESTATE OF FILE NUMBER Wade, Jr., John Spen-y 21 - 02 - 00246 Debts of decedent must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER Ao FUNERAL EXPENSES: Myers-Hamer Funeral Home, Inc. - receipt attached as Exhibit II ADMINISTRATIVE COSTS: Personal Representative's Commissions Ann Neese Wade Social Security Number(s) / EIN Number of Personal Representative(s): Street Address 49 Center Drive City Camp Hill State PA Zip 17011 Year(s) Commission paid Attorney's Fees James J. McCarthy, Jr., Esq. 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 Probate Fees Cumberland County Register of Wills - (receipt attached as Exhibit II) Accountant's Fees Tax Return Preparer's Fees Other Administrative Costs McCarthy White, Inc. - Prepare Form 1041 and Pa 41 Preparation of Decedent's final lifetime income tax return. TOTAL (Also enter on line 9, Recapitulation) 2,552.00 0.00 1,500.00 349.00 200.00 200.00 4,801.00 COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Wade, Jr., John Sperry SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS FILE NUMBER 21 - 02 - 00246 Include unreimbursed medical expenses. ITEM DESCRIPTION NUMBER ! None TOTAL (Also enter on Line 10, Recapitulation) AMOUNT 0.00 0.00 REV-1513 EX+ (9-00) ~ COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Wade, Jr., John Sperry SCHEDULE J BENEFICIARIES FILE NUMBER 21 - 02 - 00246 NUMBER II. NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS (include outright spousal distributions) James A. Wade 601 Fields Drive Lafayette Hill, PA 19444-1519 (See Exhibit I for Allocations) John S. Wade, Jr. 2481 Elon Dr. Virginia Beach, VA 23454 (See Exhibit I for Allocations) Margaret Wade Boehm 130 Harvest Lane Lansdale, Pa 19446 (See Exhibit I for Allocations) RELATIONSHIP TO DECEDENT Do Not List Trustee{s) Son Son Daughter See Continuation Schedule(s) attached Enter dollar amounts for distributions shown above on lines 15 through 18, as appropriate, on Rev 1500 cover she~ NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHE[ AMOUNT OR SHARE OF ESTATE 49,699.57 49,699.57 49,699.57 SCHEDULE J BENEFICIARIES continued COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Wade, Jr., John Sperry 21 - 02 - 00246 NUMBER AMOUNT OR SHARE OF ESTATE NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116(a)(1.2)] Robert D. Wade c/o Wade Technology Inc. 445 North 1 lth St. Philadelphia, PA 19123 (See Exhibit I for Allocations) RELATIONSHIP TO DECEDENT Do Not List Trustee(s) Son 49,699.57 Page 2 of Schedule J REV-1514 EX+ (9-00) .~1~ COMMONWEALTH OF PENNSYLVANIA iNHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE K UFE ESTATE, ANNUITY &'I-/=RM CERTAIN (Check Box 4 on Rev-1500 Cover ~ ESTATE OF FILE NUMBER Wade, Jr., John Sperry 2] - 02 - 00246 This schedule is to be used for all single life, joint or successive life estate and term certain calculations. For dates of death prior to 5-1-89, actuarial factors for single life calculations can be obtained from the Department of Revenue, Specialty Tax Unit. Actuarial factors can be found in IRS Publication 1457, Actuarial Values, Alpha Volume for dates of death on or after 5-1-89. Indicate the type of instrument which created the future interest below and attach a copy to the tax return. [] Will [] Intervivos Deed of Trust [] Other NAME(S) OF NEAREST AGE AT LIFE TENANT(S) DATE OF BIRTH DATE OF DEATH Ann Neese Wade 02/16/1928 74 PAYABLE [] Lil'e or [] Term oi' Years [] Li[e or [] Term or' Years [] Lil'e or [] Term oi- Years [] Life or [] Term of Years 1. Value of fund from which life estate is payable $ 342,844.32 2. Actuarial factor per appropriate table .42015 Interest table rate- [] 3 1/2% [] 6% [] 10% [] Variable Rate 5.4% 3. Value of life estate (Line 1 multiplied by Line 2) $ 144,046.04 NAME(S) OF NEAREST AGE AT TERM OF YEARS ANNUITY IS ANNUITANTS DATE OF BIRTH DATE OF DEATH PAYABLE [] Lite or [] Term or' Years [] Lite or [] Term of Years [] Life or [] Term of' Years [] Life or [] Term of' Years 1. Value of fund from which annuity is payable 2. Check appropriate block below and enter corresponding (number) Frequency of payout - [] Weekly (52) [] Bi-weekly (26) [] Semi-annually (2) [] Annually (1) 3. Amount of payout per period 4. Aggregate annual payment. Line 2 multiplied by Line 3 5. Annuity Factor (see instructions) Interest table rate - [] Monthly (12) [] Quarterly (4) [] Other [] 3 1/2% [] 6% [] 10% [] Variable Rate 6. Adjustment Factor (see instructions) 0.00 7. Value of annuity - If using 3 1/2%, 6%, 10% or if variable rate and period payout is at end of period, calculation is: Line 4 x Line 5 x Line 6 If using variable rate and period payout is at beginning of period, calculation is: (Line 4 x Line 5 x Line 6) + Line 3 NOTE: The values of the funds which create the above future interests must be reported as part of the estate assets on Schedules A through G of this tax retum. The resulting life or annuity interest(s) should be reported at the appropriate tax rate on Lines 13, 15, 16, 17 and 18. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULED ELECTION UNDER SEC. 9113(A) (SPOUSAL DL rR BUTX: ) ESTATE OF FILE NUMBER Wade, Jr., Jotm Spe~ 21 - 02 - 00246 Do not complete this schedule unless the estate is making the election to tax assets under Section 9'113(A) of the Inheritance & Estate Tax Act. If the election applies to more than one trust or similar arrangement, a separate form must be filed for each trust. This election applies to the By-pass Trust (marital, residual A, B, By-pass, Unified Credit, etc.). If a trust or similar arrangement meets the requirements of Section 9113(A), and: a. The trust or similar arrangement is listed on Schedule O, and b. The value of the trust or similar arrangement is entered in whole or in part as an asset on Schedule O, then the transferor's personal representative may specifically identify the trust (all or a fractional portion or percentage) to be included in the election to have such trust or similar property treated as a taxable transfer in this estate. If less than the entire value of the trust or similar property is included as a taxable transfer on Schedule O, the personal representative shall be considered to have made the election only as to a fraction of the trust or similar arrangement. The numerator of this fraction is equal to the amount of the trust or similar arrangement included as a taxable asset on Schedule O. The denominator is equal to the total value of the trust or similar arrangement. Part A: Enter the description and value of all interests, both taxable and non-taxable, regardless of location, which pass to the decedent's surviving spouse under a Section 9113 (A) trust or similar arrangement. Part B: DESCRIPTION The assets that comprise the By-pass (Credit Shelter ) trust. All of the assets are taxable fox Pennsylvania. The amount is net of Administrative expenses. See Exhibit I calculation. Part A Total VALUE 342,844.32 342,844.32 Enter the description and value of all interests included in Part A for which the Section 9113 (A) election to tax is being made. DESCRIPTION VALUE I The assets that comprise the By-pass (Credit Shelter) trust. All of the assets are taxable for 342,844.32 Pennsylvania. The amount is net of Administrative expenses. See Exhibit I calculation. Part B Total (If more space is needed, insert additional sheets of the same size) 342,844.32 EXHIBIT I Estate of John Sperry Wade, Jr. Estate Number: 2002-00246 Total value of the trust at date of death - per attached list Less: Administrative expenses Total estate per Exhibit I an Schedule B Actuarial factor Value of life estate Value of remainder $ 347,645.32 (4,801.00) 342,844.32 0.42015 (144,046.04) $ 198,798.28 Value to John A. Wade Value to John S. Wade, Jr. Value to Margaret Wade Boehm Value to Robert D. Wade Total value of remainder $ 49,699.57 49,699.57 49,699.57 49,699.57 $ 198,798.28 Prudential Financial Prudential Securities Incorporated 3 Lemoyne Drive Lemoyne, PA 17403 PO Box 7, Camp Hill, PA 17001-9852 Tel 717 761-7344 800 468-8685 Fax 717 975-8426 April 30, 2002 Mr. James J. McCarthy, Jr., CPA, J.D. McCarthy & White 2041 Herr Street Harrisburg, PA 17103-1624 RE: The Estate of Jolm Sperry Wade, Jr. Dear Jim: Ann Wade came in today and I discovered that there are another 195 shares of AT&T Corporation in addition to the 200 shares referenced m my letter of March 1, 2002. The price of AT&T on his date of death January 31, 2002 was $17.37 (17.70 high / 17.04 low). This would raise the value of AT&T by $3,387.15 and it would raise the total value of the securities held in his name on that date to $347,645.32. If you need a revised copy of the March 1't letter, please do not hesitate to contact me. The Wades' were unaware of the existence of these shares, they were being held electronically by AT&T's transfer agent. Sincerely, Brace D. Mulvey Associate Vice President e BDM:Ie Cc: Ann Neese Wade Prudential Prudential Securities Incorporated 3 Lemoyne Drive Lemoyne, PA 17043 P.0. Box 7, Camp Hill, PA 17001-9852 Tel 717 761-7344 800 468-8685 Fax 717 975-8426 March 1, 2002 Mrs. Ann Neese Wade, Executrix The Estate of John S. Wade, Jr. 49 Center Drive Camp Hill, PA 17011-7609 REz The Estate of John S. Wade, Jr. Account No. 044-334429-023 Date of Death: January 31, 2002 SS# 265-28-3282 Dear Mrs. Wade: Enclosed please find on the following pages the value of the securities held by Prudential Securities Incoq~orated for John S. Wade, Jr. as of January 31, 2002. The price quoted is the average of the high and low price of the security that trading day. As you requested I will forward a copy to'your accountant Mr. James J. McCarthy, Jr. for estate tax purposes. If you have any questions, please do not hesitate to contact me. Sincerely, Brace D. Mulvey Associate Vice President Investments BDM:le Enclosure Cc: James J. McCarthy, Jr. CPA, J.D.. Page 2 The Estate of John S. Wade, Jr. Account No. 044-334429-023 Date of Death: January 31, 2002 Amount 400 400 200 100 146 400 102 100 500 1,200 1,820 392 200 12 42 100 500 357 4O0 260 100 480 Security Price Allergan Inc. (68.36 / 66.70) 67.53 American Power Conversion (16.00/15.00) 15.50 AT&T Corp (17.70 / 17.04) 17.37 AT&T Wireless Svcs (I 1.50/11.00) 11.25 Beckman Coulter Inc (47.01 / 45.54) 46.275 BellSouth Corp (40.20 / 39.32) 39.76 Cinergy Corp (32.30 / 31.25) 31.775 Cisco Systems Inc (19.81 / 19.04) 19.425 Entergy Corp New (41.20 / 40.02) 40.61 General Electric Co (37.23 / 35.50) 36.365 GlaxoSmithKline PLC (48.25 / 47.50) 47.875 Lucent Technologies Inc (6.72 / 6.43) 6.575 Motorola Inc (13.55 / 13.12) 13.335 NCR Corp (42.54 / 41.68) 42.11 Newmont Mining Corp (21.97 / 21.42) 21.695 Phelps Dodge Corp (34.92 / 32.70) 33.81 PPL Corp (33.70 / 32.32) 33.01 SBC Commtmications (37.45 / 36.55) 37.00 Southern Company (24.73 / 24.25) 24.49 Verizon Communications (46.61 / 45.70) 46.155 Vodafone Group PLC (21.80 / 21.35) 21.575 Wachovia Corp New (33.25 / 32.60) 32.925 Total $ 27,012.00 6,200.00 3,474.00 1,125.00 6,756.15 15,904.00 3,241.05 1,942.50 20,305.00 43,638.00 87,132.50 2,577.40 2,667.00 505.32 911.19 3,381.00 16,505.00 13,209.00 9,796.00 12,000.30 2,157.50 15,804.00 Page 3 The Estate of John S. Wade, Jr. Account No. 044-334429-023 Date of Death: January 31, 2002 Amount Security (High / Low) Price Total 4,858.821 Eaton Vance Pennsylvania 9.79 47,567.86 Municipal Fund Class "A" Command Money Fund (cash) 446.40 1.00 446.40 ***Total*** $344,258.17 "This report is not the official record of your account. However, it has been prepared to assist you with your investment planning and is for informational purposes only. Your Prudential Securities Client Statement is the official record of your account. Therefore, if there are any discrepancies between this report and your Client Statement, you should rely on the Client Statement and call your local Branch Manager if you have any questions. Transactions requiring tax consideration should be reviewed carefully with your accountant or tax advisor." Myers-Harner Funeral Home, Inc. 1903 MARKET STREET · P.O. BOX 291 CAMP HILL, PENNSYLVANIA 1701'1 Robert H. Hamer, Supervisor Phone: (717)737-9961 STATEMENT OF FUNERAL GOODS AND SERVICES SELECTED Charges are only for those items that you selected or that are required. If we are required by law or by a cemetery or crematory to use any items, we will expl~n in writing below. If you selected a funeral that may require embalming, such a~ a funeral with viewing, you may have to pay for embalming. You do not have to pay for embalming you did not approve ifj~,~,l~cted ~u'rangemc~ts ancl~ ~s a~llrect cremaijf~mmediate burial. If we charged for embalming, we wiU e~xpl~i~why below. Name ' - .k~dr~ - ' Cityw - - ' " State -- - A. CHARGE FOR SERVICES SELECTED: 1. PROFESSIONAL SERVICES Services of Funeral Director/Sraff .... Emh~ming Other prqyamtion of body SUB-TOTAL OF PROFESSIONAL SERVICES ......... Al 2. FACILITIES AND SERVICES Use of facilities and services for viewing (Visiration/Wake) ......... $/" ~'~'~" ~"~ Use of facilities and services for funeral ceremony ............ Use of facilities and services for Memorial Service ............... Use of equipment and services for graveside service ............. I_ Other nsc of facilities SUB-TOTAL OF FACILITIES/EQUIPMENT ........... A2 3. AUTOMOTIVE EQUIPMENT Vehicle to transfer remains to Funeral Homc.~ H~asket Coach) Limousine Family car Local ........................... Flower car or fioraJ disposition Local ........................... $__ Lead car/clergy car Car for pallbearem Local ........................... Out of town t[a, nsportation ......... SUB-TOTAL OF AUTOMOTIVE EQUIPMENT ........ A3 TOTAL OF PROFESSIONAL SERVICES, Other clothing Cremation urn,~,'~'~..... ~,.~.... (Description) ~T~ OTHER TOTAL MERCHANDISE SELECTED .................. C. SPECIAL CHARGESt Forwarding of remains to (Funeral Home) Receiving of remains from (Funeral Home) Immediate Buriai ................. Direct Cremation ................. SUB-TOTAL OF SPECIAL CHARGES ................ D. CASH ADVANCED Opening Grave .................. Cemetery Equipment .............. Lot and Deed .................... Newspaper Notices--Local ......... Newspaper Notices. Out-of. town .... Telephone & Telegrams ......... ... Airfare ......................... Clergy/Mass Offering .............. Pallbearers ...................... Certified Copies of the Death Certificate ...................... Police Escort .................... Vault Service Charge ,~ ......... SU~-TOTAL OP AI)v~NcES ....................... We charge you for our .~rvices in obtaining: (specify cash advances that are marked-up) FACILITIES AND AUTOMOTIVE - SUM~Y OF C~RGES B, CHARGE FOR MERCHANDISE SELECTED: Casket .......................... (Description) Other Receptacle ................. $~ (Description) Outer burial container ............. $ (Description) Acknowledgement cards ........... Register book(s) ......... Memory folders .................. Prayer cards ..................... Temporary grave marker ........... $ Burial clothing ................... $ A. Professional Services, Facilities and Equipment, and Automotive Equipment ...................... B. Merchandise.. _ C. Special Charges .................. $ D. Cash Advances ................... $ TOTAl, OP MLL SECTIONS ........................ PAID AT TIME OF OR PRIOR TO ARl~AN GEMENTS ............................... ,,~_ BA~CE DDE ................................ REASON FOR EMBALMING If any law, cemetery, or crematory requirements have required tbe purchase of any of the items listed~bove thc law or requirement is explained below. I agree that I have examined die items of goods and servicea selected above and found them to be correct and according to the arrangements I have requested. I acknowledge receipt of a copy of this Statement of Funeral Goods and ~ervic~.s,,~iert~d. I representd, ha~ have sufficient funds available for payment of the cash price for the andservicesseiected'lais°~ag, r, er~,'~,,~a.,,J~?ayraentof~-*J~~ll~:~-----within ,,~L%e''~ dsys. l avee to be jointly and ~everally iablewithanyo~Peebewho s.i~ns .belo .w. A la. te .charse of 1 _*~. ~.../..,~. per mo_n'th a .m. _o .untin$ to. S.,~a,'"[,_~'f__~'"___ per yesr will be applied to the unpaid balance he, riding _~___~.{~_ days trom me oate ot this agreement. 1 ~zill also pay to the Funeral D~rector all rea~onsble costs paid by the Funeral Director to collect amounts I owe under"l~s agrecment. Those costs may include attorneys' fees, court costs and other costs. An)' additional services or merchandise ordered or requested after the date of this a~'eement will he considered pan of this agreement and the cost thereof will he reflected on the f'mal bill or statemf..ix~.-'"'~ ~.~ (seal) (Purchaser) ..~ - ~ % ' ~ (LicJ;f~'q~F~h'*~-ral-Director) RECEIPT FOR PAYMENT Cumberland_County - Register Of Wills Hanover and High Street Carlisle, PA ~7013 Receipt Date Receipt Time Receipt No. 3/08/2002 09:46:46 1028588 WADE JOHN SPERRY JR File Number Remarks 2002-00246 ANN N WADE AC Transaction Description PETITION FOR PROBA EXTRA PAGES SHORT CERTIFICATE JCP FEE Distribution Of Receipt ........................ Payment Amount Payee Name 305.00 21.00 18.00 5.00 CUMBERLAND COUNTY GENERAL FUN CUMBERLAND COUNTY GENERAL FUN CUMBERLAND COUNTY GENERAL FUN BUREAU OF RECEIPTS & CNTR M.D Check# 5360 ~349.00 Total Received ......... 349 00 LAST WILL AND TESTAMENT OF JOHN SPERRY WADE, JR. I, John Sperry Wade, Jr., of Camp Hill, Cumberland County, Pennsylvania, declare that this is my Will. My Social Security Number is 265-28-3282. Item 1. REVOCATION OF PREVIOUS WILLS I revoke all Wills and Codicils that I have previously made. Item 2. MARITAL STATUS I am married to Ann Neese Wade. All references in this Will to "my wife" or "my spouse" are references to her. Item 3. CHILDREN I have the following children now living: James A. Wade, John S. Wade, III, Margaret Wade Boehm, and Robert D. Wade. Item 4. DISPOSITION OF PROPERTY All beneficiaries must survive me for thirty days to receive property under this Will. As used in this Will, the phrase survive me means to be alive or in existence as an organization on the thirtieth day after my death. All personal and real property that I leave in this Will shall pass subject to any encumbrances or liens placed on the property as security for the repayment of a loan or debt. If I leave property to be shared by two or more beneficiaries, it shall be shared equally by them unless this Will provides otherwise. Entire estate means all property I own at my death that is subject to this Will. Specific bequest refers to a gift of specifically identified property that I leave in this Will. Residuary estate means all property I own at my death that is subject to this Will that does not pass under a specific bequest. Page 1 of 8 Initials: Item 4 (A) DISPOSITION OF PROPERTY SPECIFIC BEQUESTS I leave my oil on walnut portrait called "Gypsy Boy" painted by Martha Duncan Wade to my wife, Ann Neese Wade. If my wife, Ann Neese Wade does not survive me, I leave this property to my son, John S. Wade, III. I leave my stock in Wade Technology, Inc. to my wife, Ann Neese Wade. If my wife, Ann Neese Wade does not survive me, I leave this property to my son, James A. Wade. I leave my ownership interest in my personal residence at 49 Center Drive, Camp Hill, Cumberland County, Pennsylvania. to my wife, Ann Neese Wade. If my wife, Ann Neese Wade does not survive me, I leave this property to my son, Robert D. Wade. Item 4 (B) DISPOSITION OF PROPERTY CREDIT SHELTER TRUST On my death, I give to my trustee, James A. Wade, to hold, manage, invest and reinvest in trust ("credit shelter trust"), in addition to all assets received directly by trustee that are excludable from my gross estate for federal estate tax purposes, assets of a total value equal to the largest amount, if any, that can pass free of federal estate tax by reason of the unified credit and any other credits available for federal estate purposes except the following: (i) The state death tax credit to the extent that the use thereof would require an increase in the amount of state death taxes paid; and (ii) The credit for tax on prior transfers to the extent that credit arises from transfers to me from individuals who die after me. Such latter amount shall be reduced by the value for federal estate tax purposes of any gifts which do not qualify for the marital or charitable deduction made by me under this Will or otherwise, and further reduced by an amount equal to the sum of all charges to principal, except death taxes, (since I direct hereafter that these death taxes be paid from this trust), that are not deducted in computing my federal estate tax. I recognize that depending upon the amount of bequests under my Will, my non-testamentary dispositions, the amount of state death taxes and administration expenses, and other factors this trust might be non-existent or might consume all assets hereunder, so that no assets may remain to pass outright to my wife pursuant to the residuary gift hereafter. Page 2 of 8 Initials?)v~ '¢,/' 6) To continue or participate in any business which is a part of my estate, and to incorporate, dissolve or otherwise change the form of organization of the business. The powers, authority and discretion I grant to my personal representative are intended to be in addition to the powers, authority and discretion vested in him or her by operation of law by virtue of his or her office, and may be exercised as often as is deemed necessary or advisable, without application to or approval by any court. Item 7. GENERAL TRUST ADMINISTRATION PROVISIONS All Trusts established in this Will shall be managed subject to the following provisions. Bond No bond shall be required of any Trustee. Court Supervision My intent is that any Trust established in this Will be administered independently of court supervision to the maximum extent possible under the laws of the state having jurisdiction over the Trust. Powers of the Trustee In addition to other powers granted a Trustee in this Will, a Trustee shall have the powers to: 1) Invest and reinvest Trust funds in every kind of property and every kind of investment, provided that the Trustee acts with the care, skill, prudence and diligence under the prevailing circumstances that a prudent person acting in a similar capacity and familiar with such matters would use. 2) Receive additional property from any source and acquire or hold properties jointly or in undivided interests or in partnership or joint venture with other people or entities. 3) Enter, continue or participate in the operation of any business, and incorporate, liquidate, reorganize or otherwise change the form or terminate the operation of the business and contribute capital or loan money to the business. 4) Exercise all the rights, powers and privileges of an owner of any securities held in the Trust. 5) Borrow funds, guarantee or indemnify in the name of the Trust and secure any obligation, mortgage, pledge or other security interest, and renew, extend or modify any such obligations. 6) Lease Trust property for terms within or beyond the term of the Trust. 7) Prosecute, defend, contest or otherwise litigate legal actions or other proceedings for the protection or benefit of the Trust; pay, compromise, release, adjust or submit to arbitration any debt, claim or controversy; and insure the Trust against any risk and the Trustee against liability with respect to other people. Page 5 of 8 Initials: ~'~//J 8) Pay himself or herself reasonable compensation out of Trust assets for ordinary and extraordinary services, and for all services in connection with the complete or partial termination of this Trust. 9) Employ and discharge professionals to aid or assist in managing the Trust and compensate them from the Trust assets. 10) Make distributions to the beneficiaries directly or to other people or organizations on behalf of the beneficiaries. Severability The invalidity of any Trust provision of this Will shall not affect the validity of the remaining Trust provisions. Item 8. PAYMENT OF DEBTS AND TAXES Except for liens and encumbrances placed on property as security for the repayment of a loan or debt, I want all inheritance, estate and transfer taxes, debts and expenses owed by my estate to be paid out of the principal of the Credit Shelter Trust established in Item 4 (B) in this Will. Item 9. NO CONTEST PROVISION If any beneficiary under this Will contests this Will or any of its provisions, any share or interest in my estate given to the contesting beneficiary under this Will is revoked and shall be disposed of as if that contesting beneficiary had not survived me. Item 10. SEVERABILITY If any provision of this Will is held invalid, that shall not affect other provisions that can be given effect without the invalid provision. SIGNATURE I, John Sperry Wade, Jr., the Testator, sign my name to this instrument, this g z "~ day of ~crcrJ~,... , /.',~, ,at /.'~..~? ~d.'lJ /~,~.-/,.~! (~ /~t~ . Ideclare that I sign and execute this instrument as my last Will, that I sign it willingly, and that I execute it as my free and voluntary act. I declare that I am of the age of majority or otherwise legally empowered to make a will, and under no constraint or undue influence. (Signed) N Page 6 of 8 WITNESSES We, the witnesses, sign our names to this instrument, and declare that the Testator willingly signed and executed this instrument as the Testator's last Will. In the presence of the Testator, and in the presence of each other, we sign this Will as witnesses to the Testator's signing. To the best of our knowledge, the Testator is of the age of majority or otherwise legally empowered to make a Will, is mentally competent and under no constraint or undue influence. We declare under penalty of perjury that the foregoing is true and correct, this Z ~ ,..__4 day of O'c'c~ be~- , }'th ~ , at ('^ ~,,? ~ Z I [ (',~ ,-,,,~ I,~,~ []s .f'~ · Witness #1: Residing at: 3 2.2 ~ /-1~, ~, ~-r-. I-) }, h i~)'P* Witness #2:~~ ~~ '~~~_~ . Residing at: ,<l~D(o /~~~ .~ ~/~f,_, ~ Page 7 of 8 ACKNOWLEDGMENT AND AFFIDAVIT Commonwealth of Pennsylvania · · SS. Cumberland County · We, John Sperry Wade, Jr., ,-D-'*~ ~ g'.~ .'73". ,A'X~ ¢ ~, ,ff'~,_ ~ q2--]~ ~, ~. pl~ {t~ ,-5~,~. , the Testator and the witnesses respect,vely, whose names are signed to the foregoing ~nstmment, being first duly sworn, do hereby declare to the undersigned authority that the Testator signed and executed the instrument as his Last Will, and that the Testator signed willingly, and that the Testator executed it as his free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and heating of the Testator, signed the Will as witnesses, and that to the best of their knowledge, the Testator was at that time eighteen years of age or older, of sound mind and under no constraint or undue influence. Testator: x~_ ~ k~ ~ Witness: -~ ~ ~. }/l&e, ~ }~X'X- Witness: ~~~~ ~.~ Subscribed, sworn to and acknowledged before me by John Sperry Wade, Jr., the Testator, and subscribed d to before me witnesses, on this, the ~z ~ day of. ~ ~.~r~ 19 q'i Notary Public I '.',.5;;7:7.:':'.::'",?. ~":"~.,'.. i",. . i ~..i,, c.....:': :. :': .: ::'!:5-:. :'' "" .: ' My commission expires .;,._.:,..:.,. .... .... ~ .... , ................. :';"",':,~,'::::, 7:":'":'-':';:' ::'". .... J Page 8 of 8 BUREAU OF ZNDZVZDUAL TAXES TNHERZTANCE TAX DTVTSZON DEPT. 280601 HARRZSBURG, PA 17118-060! JANES J NCCARTHY ZOql HERR ST CONNON#EALTH OF PENNSYLVANZA DEPARTHENT OF REVENUE NOTZCE OF ZNHERZTANCE TAX APPRAZSENENT, ALLO#ANCE OR DZSALLO#ANCE OF DEDUCTZONS AND ASSESSNENT OF TAX PA :~7.105 REV-15q7 EX AFP (DI-OP) DATE 12-16-2002 ESTATE OF WADE JR DATE OF DEATH 01-$1-2002 FZLE NUHBER 21 02-01q6 COUNTY CUNBERLAND ACN 101 I Amount Remitted JOHN P HAKE CHECK PAYABLE AND RENZT PAYNENT TO: REGZSTER OF WILLS CUNBERLAND CO COURT HOUSE CARLISLE, PA 17015 CUT ALONG THZS LZNE ~ RETAZN LOWER PORTZON FOR YOUR RECORDS ~ REV-1547 EX AFP (01-02) NOTZCE OF INHERZTANCE TAX APPRAZSEHENT, ALLOWANCE OR DZSALLOWANCE OF DEDUCTZONS AND ASSESSNENT OF TAX ESTATE OF WADE JR JOHN P FZLE NO. 21 02-02~6 ACN 101 DATE 12-16-2002 TAX RETURN NAS: (X) ACCEPTED AS F/LED ( ) CHANGED RESERVATZON CONCERNZNG FUTURE INTEREST - SEE REVERSE APPRAZSED VALUE OF RETURN BASED ON: 1. Reel Estate (Schedule A) 2. 3. q. 5. 6. 7. 8. ORIGZNAL RETURN (1) Stocks and Bonds (Schedule B) (2) Closely Hold Stock/Partnership Zntorest (Schedule C) ($) Nortgages/Notos Receivable (Schedule D) (q) Cash/Bank Deposits/Hisc. Personal Property (Schedule E) ($) Jointly Owned Property (Schedule F) (6) Transfers (Schedule g) (7) Tote/ Assets APPROVED DEDUCTTONS AND EXENPTZONS: 9. Funeral Expenses/Adm. Costs/Nisc. Expenses (Schedule H) 10. Debts/Nortgege Liabilities/Liens (Schedule T) 11. Tote1 Deductions 12. Net Value of Tax Return 15. lq. (9) (10) Charitable/governeental Bequests; Non-elected 9115 Trusts (Schedule J) Net Value of Estate Subject to Tax .00 $~7,6q5.32 .00 .00 .00 .00 .0O (8) ~,801.00 .00 (11) (12) (13) (1~) NOTE: 'rf an assessment ~as issued previously, lines 14, 15 and/or 16, 17, reflect figures that include the total of ALL returns assessed to date. ASSESSHENT OF TAX: 15. Amount of Line 1~ et Spousal rate 16. Amount of Line 1~ taxable at Lineal/Class A rate 17. Amount of Line 1~ at Sibling rate 18. Amount of Line lq taxable at Collateral/Class B rate 19. Principal Tax Due TAX CREDZTS: PAYHENT RECE/PT DZSCOUNT (+) DATE NUHBER ZNTEREST/PEN PAID (-) 10-$0-2001 CD001782 .00 NOTE: To insure proper credit to your account, submit the upper portion of this fore with your tax payment. 3q7,6q5.$2 ~.8fl].flO $~2,8~.$2 .00 SqZ,8~.3Z ZF PAZD AFTER DATE XNDXCATED, SEE REVERSE FOR CALCULATZON OF ADDZT/ONAL /NTEREST. 18 and 19 will 8,9~5.91 .00 .00 .00 ( ZF TOTAL DUE ZS LESS THAN $1, NO PAYNENT XS REQUZRED. ZF TOTAL DUE 1S REFLECTED AS A "CREDZT" (CR), YOU NAY BE DUE A REFUND. SEE REVERSE SZDE OF THIS FORN FOR /NSTRUCTZONS.) TOTAL TAX CREDZT BALANCE OF TAX DUE ZNTEREST AND PEN. TOTAL DUE 8,9~5.92 ANOUNT PAZD (15) lqq,0q6.0q X 00 = .00 (16) 198,798.28 x 0q5 = 8,9q5.92 (17) .00 X 12 = .00 (18) .00 x 15 = .00 (19)= 8,9q5.91 STATUS REPORT UNDER RULE 6.12 Name of Decedent: John S. Wade, Jr. Date of Death: January 31, 2002 Will No. 2102-0246 Admin No. Pursuant to Rule 6.12 of the Supreme Court's Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 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: Year end 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 No Date: 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. .~ ~~ Signature James J. McCarthy, Jr., Esq. Name (Please type or print) 2041 Herr Street, Harrisburg, PA 17103 Address (717) 233-5974 Telephone Number Capacity: __ Personal Representative X Counsel for personal representative Cumberland County - Register Of Wills One Courthouse Square Carlisle, PA 17013 Phone: (717) 240-6345 Date: 2/01/2005 MCCARTHY JAMES J 2041 HERR STREET HARRISBURG, PA 17103-1624 RE: Estate of WADE JOHN S JR File Number: 2002-00246 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 decedent1s death, shall file with the Register of Wills a Status Report of completed or uncompleted administration. This filing will become delinquent on: 1/31/2005 Your prompt attention to this matter will be appreciated. Thank You. Sincerely, ~=~ REGISTER OF WILLS cc: File Personal Representative(s) Judge J STATUS REPORT UNDER RULE 6.12 Name of Decedent: John S. Wade. Jr. Date of Death: January 31. 2002 Will No. 2102-0246 Admin No. Pursuant to Rule 6.12 of the Supreme Court's 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 ---1L- No 2. Ifthe answer is No, state when the personal representative reasonably believes that the administration will be complete: 3. Ifthe 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. ~ ~\!J,1:s= Signature . James J. McCarthv. Jr.. Esa. Name (Please type or print) Date: February 9. 2005 (',',') (') 2041 Herr Street. Harrisburg, P A 17103 Address (717) 233-5974 Telephone Number Capacity: _ Personal Representative X Counsel for personal representative