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HomeMy WebLinkAbout02-03-1015056051047 - 06 05 ' REV-1500 EX ( - ) OFFICIAL USE ONLY PA Department of Revenue Countv Code Year File Number Bureau of Individual Taxes PO Box 280601 INHERITANCE TAX RETURN ~ I ~ ~, ~ ~ ~-© S "• Harrisburg, PA m28-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW " Social Serrrrity Numher Date of Death Date of Birth 2 02 zo~°`~.'?S'7 D5 1 L2Dd q o3;Z ? ! ? 1 '~ DF~,e denf~ Lasl game Suffix Decedent's Fiat Name MI R i ckflRD s iYRs FD1 Thf JN (If Applicable) Enter Surviving Spouse's Information Below SK~ousas Last Name Suffix Spouse's First Name MI Sp >u>e ~ 5 ~cial SNcurit; Numher ~. THIS RETURN MUST BE FILED IN DUPLICATE WITH THE _ LL . REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW ~ : 1. Original Return ~ O 2. Supplemental Return O 3. Remainder Return (date of death prior to 12-13-82) O 4. Limited Estate O 4a. Future Interest Compromise (date of O 5. Federal Estate Tax Return Required death after 12-12-82) ~ 6. Decedent Died Testate O 7. Decedent Maintained a Living Trust ~ 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) O 9. Litigation Proceeds Received O 10. Spousal Poverty Credit (date of death O 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. O) CORRESPONDENT --THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number ~LOY~ ~ I~~ ZTE{FWS 71 ? 2~5E3 `1~23 p Firm Name (If Applicable) i REGISTER f~ LS USE Y y "~`i ~~~ W "'~~ `~ ' { ," Z i'r't t '7~ to dry' ~ 'i 1 ' ~ ~'-~'' First line of address G ._ ~ t 7 srR A Y~ R .AR ~'~~~ ~ r ..E_~ Second line of address ~ ~ ~- ~ '•t _ City or Post Office State ZIP Code DATE FILED ~ARL~ scE PA t ?ot3Y~{o~ Correspondent's a-mail address: ~~{Q ~'7'~ y,t' sQ ~°Q. r1.C 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, come t and complete. Declaration of preparer ot~h~er~th~an the personal representative is based on all information of wh~ic-h~pr-eparer has any knowledge. SIU`N ERSON R ONSI O F4~~Z~~/(/~ N V d 2A~.~ LO ~.O ADDRESS d ll ~ ~.~'~raru cr ~r. ~~rl~s~C_ Pl¢ l ~Ol 3 - ~d8 SIGNATURE OF PREPARER HER THAN REPRESENTATIVE DATE ADDRESS PLEASE USE ORIGINAL FORM ONLY Side 1 15056051047 15056051047 s~ -.. L__ 15056052048 REV-1500 EX Decedent's Social Security Number ,[, J~ ~~~ t ~ /-C • ~ ~ C'` ~ r~ ' ~ ~ 2 y D Z ~ r s Name: Decedent REC APITULATION . ~, ~ ~ " ~ S~ ? ~ .• ~ g ~ 1. . Real estate (Schedule A).• ..... ~ ...: b........... ..... ~ ....: -r .. . 1. . . . 2. Stocks and Bonds (Schedule B) ........ ....... ~ ~ ~ • ~ ~ ~ • 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) .... . 3. 4. 9 9 ( ) ............................ Mort a es ~ Notes Receivable Schedule D 4. . 5. p P Y( ) ....... Cash, Bank De osits 8~ Miscellaneous Personal Pro ert Schedule E 5. . ~ a d ( ~ 2- 6. Jointly Owned Property (Schedule F) O Separate Billing Requested ...... . 6. 3 G S • ,'~ ~ 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property ~ Z 0 3 g Z 3 5 (Schedule G) C Separate Billing Requested....... . 7. 8. Total Gross Assets (total Lines 1-7) .................................. .. 8. ~ ~ r 5 ~ to . O ~` 9. Funeral Expenses & Administrative Costs (Schedule H) ................... .. 9. ~ ~o ~ ~ . 3 9 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) .............. .. 10. r 3 3G • ~ ? 11. Total Deductions (total Lines 9 & 10) ................................. .. 11. ~ -r ( ( ( . -~ 12. Net Value of Estate (Line 8 minus Line 11) ............................ .. 12. f ~ S ~ ~ ~ . 5 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which ~~ t an election'to tax has not been-tnade (Schedule J) ..............-...~...•. ., _ r . 13: - ' - ~ - r x - • -a .. 14. Net Value Subject to Tax (Line 12 minus Line 13) ...................... .. 14. t G ~ G ~' ~ • 5 O TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or _ transfers under Sec. 9116 ~ ~ 15 ~ .. , (a)(1.2) X .0_ . 16. Amount of Line 14 taxable p f L ~ ~O z 5 ~ 16~ ~ ` r L z ~ ~, S ~ l7 at lineal rate X .0 _ 17. Amount of Line 14 taxable 17 ~ at sibling rate X .12 . 18. Amount of Line 14 taxable ~ 18 at collateral rate X .15 . 19. TAX DUE ..................................... .....19. -~ ~, 7 ~ 5 ~.2 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT - ~ 5 ,, f - ~ Side 2 L 15056052048 15056052048 J - i REV-1500 EX Page 3 Decedent's Complete Address: File Number Z~ Dy-oS'o.5' DECEDENT'S NAME ~ d ~ t !1 /`'I . ,ie ~ ~ k'Q rd s STREET ADDRESS /~ CITY STATE ~~ _ _ ZIP ~Zi Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments (~ S / ,~ __ ~ ~~_-- C. Discount ~ ~ Z ~ - ~x 3. Interest/Penalty if applicable D. Interest E. Penalty (1) ~`~~' ~. Zg Total Credits (A + B + C) (2) ~ !7 S" ~'~ p Total Interest/Penalty (D + E ) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. A. Enter the interest on the tax due. B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (3) (4) ~ 03, 7 2 (5) (5A) (56) 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~he 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. For dates of death on or after July 1,1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)]: For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent [72 P.S. §9116 (a) (1.1) (ii)]. The. statute does not exemat 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 zero (0) percent [72 P.S. §9116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116(1.2) [72 P.S. §9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. _ ~. REV-1502 EX+ (6-98) SCHEDULE A COMMONWEALTH OF PENNSYLVANIA REAL ESTATE INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF ~d t ~~ ,y• :d L-` ~~ r~s FILE NUMBER l ~\ z ~ o ~ - o ros~ All real property owned solely or as a tenant in common must be reported at fair 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 ,. ~ 3 ~ S .1J~o~ S 1~.c1 C-~o.P a!. .r'8, air. yr'7 S-OI-odS'Q-nil TOTAL (Also enter on line 1, Recapitulation) I $ .>r~ ~ L/, ~ 7 (If more space is needed, insert additional sheets of the same size) REV4508 EX+(1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF ~ ~ • - / ,I. ~ !-C ~a ~ ~s FILE~UMBER ~ _ ~ r ~ /~[ ~ q .t' Indude the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER A DESCRIPTION OF DEATH 1. IT~~~l CO. ~d f ~~ ~d~C-.K L' ~t..~C~~'.e11' @C~', l 7.S! ~ 7 Z ~ ~. A( z . /4dd~`c s L'o. N~ t '~ Ra•- ed ~~ ~ S'a /. ~ c cY. s s'r 7 S P 1 1 ~{,S': 3 4 3, d~ ~~rS~ie~- ~.K~7~~ot Ptr~.~f-ap• StP ~3, ~.oo? ~s'3.Zi S: C'vrf~.slt ~ro~aa-~t ,2e ~ti2.d 1 ?t.33 ~. f'~ zvd8 Propcr?7 ?-max ,ec~~c~-e 4?s: o0 7 ~r ~ t ..~ -c.r k P-ar ~- c e ~ t ~4-Ld yo, o0 ~', ~j-t,s a tom; ~ ~c v.Z ~° ~'.~ ~" ~ ~ -~.p ~ t ~''+ K.d Z . O ~ TOTAL (Also enter on line 5, Recapitulation) ~ $ 2...,, 0 0 'J, D.Z (If more space is needed, insert additional sheets of the same size) ' REV-1509 IX ~ (1A~ SCHEDULE F COMMONWEALTH OF PENNSYLVANIA JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF ~~ i ~ / ,y . ~ i L ~~ a J,~/~ FILE NUMBER ~it'~ / ` Z i o ~ - o rv s- ff an asset was made joint within one year of the decedent's date of death, k must be reported on Schedule G. SURVIVING JOINT TENANT(S) NAME I ADDRESS I RELATIONSHIP TO DECEDENT A. ~Q •'~ c a~ ~• .S' 1`K ~t ~ ~ Z t f~ O k..b (i ~ l ~ a' ,P ~~ ~ , B. ~li~ ll~.s Cl. /`2a~`tficwr l ~ 2 S'Z`raYer- ar- ~art- l ~s L2~ f ~- !~'O!3- Y~oB c. .IOINTLY-OWNED PROPERTY: .,~~ ti2 ~rCt ITEM NUMBER LETTER FOR JOINT TENANT DATE MADE JOINT DESCRIPTION OF PROPERTY Include name of financial institution and bank account number or similar identifying number. Attach deed for jointly-held real estate. DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST DATE OF DEATH VALUE OF DECEDENT'S INTEREST , A d s~ ~t A a a.•'Ls Co. Bo.~K ~Cic~ac~ ~r ~:.~~.te Z Q o. 7 8 s"~ r ~r. 3 9 . . , z...oo ~ fk ~ ~~f'. ~ r S' Z7 S 8' ~ Z, ~. +~. Stp. lL ,4 da~i C,e, -~ n'~-k G ~ l ~l~C : •~,g ~ ,t• ~• `t'r3 3 3 ~ L t `~. 8 ~ tQ~~ k~ • ~ ~ 7s' r3 7 TOTAL (Also enter on line 6, Recapitulation) 13 3 (~ s. 2.. D (If more space is needed, insert additional sheets of the same size) REV-1510 EX+(1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN SCHEDULE G INTER-VIVOS TRANSFERS 8~ MISC. NON-PROBATE PROPERTY ESTATE OF ~~ ` ~ /w . /J ; G`/~ r ~ s FILE2N ~ BER ~ g _ ~rO r 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. ITEM NUMBER DESCRIPTION OF PROPERTY INCLUDE THE NAMEOFTHETRANSFEREE,THEIRRELATIONSHIPTODECEDENTANDTHEDATEOFTRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE . DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST EXCLUSION IF APPLICABLE TAXABLE VALUE ~. ~4.titr; prise ~.~.~k: ty 4~vo 7zs~ 379 z n ~ S,~YY. ?f /o o ~ ~ YY. ~'d Z. ~~ Q3oo ~..,3r3 atp s ° y iY, ?'~7'. ~G /oo / ~1 Q'~. 3G 3 . ~~ Q3o o ~ ~'Y< Y ~'Y ~ o y 1 s 3f/. tv / oo z~34 ! . 9a » g~ o>D ~ q8~ z~a ~ o y s3 Ys9.2g ~- d o S3~Ys'9. L8 ~ , ' J> Q 3 sa '7 3 ~d' YYt o vo Z ~, oBP. 93 ! ~~ i. ~ 0 8~. p3 s TOTAL (Also enter on line 7, Recapitulation) I S (~ 3~L , ,3 S" (If more space is needed, insert additional sheets of the same size) REV-1511 EX+ (10-06) SCNEDt~LE N COMMONWEALTH OF PENNSYLVANIA FUNERAL EXPENSES & INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ------- -- ~c~ % ~i. /`?. l~ ~ c ~Q rays ..~ /,,..OQ , ~ r o r Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: t. C~c..-cvlr~QK.aL V~f~ey ~''l.lfcdr:~l ~ a-ra~f~r1.J' ~Z `Z. S'O Z, Ck,~.-bCtla~-Ll !/ar. !LC ~ /`Z~~`?~vt~'~ / ~Z a rd F.1r Z f 'f o. too ~ Cd ~ !tc ~ is ~ 1 c ! f~ tis 1` t •- e t- .f' 3 3 7 B. 1 State Zip 2. Attorney Fees 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 4. Probate Fees / p q ~ D O 5. Accountant's Fees v l 6. Tax Return Preparer's Fees ~. F.' ~c l3ok - ~r~.b~~c ~ ~s t~~`c f~er~trs ~S: ~~j ~'. ,S e 1~ ~ ~ r ~ /VoZ` ~ ~c 7 o c t-c d ~' 7`v ~ s /~.do TOTAL (Also enter on line 9, Recapitulation) I $ ~ (o l(, 3 9 (If more space is needed, insert additional sheets of the same size) ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Street Address City Year(s) Commission Paid: REV-1512 EX+ (12-03) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCFIEDULE 1 DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS __- ESTATE OF ~ _t` .ice/ ~ ' ,~J` ~ ~ ~ -/- Z FILE NUMBER Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH S' ~l`'~~. .~-cskl-cY~~t 7 S', o 0 ~. tea 2 Scrv.' ~ ~ -- ~jry •'z~ ~e ~ e~r~ c7s / ~"~ Y- 7• ~O ~ 1 To Cs2~aTc ~r earl•1 ¢.~c~ (2..i'tl .S'G S'!. ~, S TOTAL (Also enter on line 10, Recapitulation) $ 7~ ~ ~ G , / $' (If more space is needed, insert additional sheets of the same size) REV-1513 EX+ (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF ~ ~. n , FILE NUMBER ~: d ~ /C ~ c tCd r4ls z. ~ O p- os o r NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY RELATIONSHIP TO DECEDENT Do Not List Trustee(s) AMOUNT OR SHARE OF ESTATE I 1. TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 a) (1.2)] ll.'s /y - a fi`'~C w.f' P ~ ,A a +.r` ~ ~'f t r ~ ~ B-j • 7 ,~ ~ , ~ ~ 'fir ,S' ~dc y C r ,/ ~/`~ / ~ v i 3 - 5~ ~ ~8~ a ~- ~ ~~ s j c ~ ~ g Z ~ ~ dw~ l i it ~ ~ a,~ ~,d , dye ti, v~ ~ ~e~ t~.4 i 7 Z y, ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 TH ROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET II 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. TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ -- Q --- (If more space is needed, insert additional sheets of the same size) LAST 'VPILL AND TESTAMENT OF EDITH M. RICKARDS I, EDITH M. RICKARDS, of Lower Mifflin Township (mailing address: 125 Doubling Gap Road, Newville, Pennsylvania 17241), Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby make, publish and declaze this as and for my Last Wrll and Testament, hereby revoking and making void any and all Wills by me at any time heretofore made. 1. I direct my hereinafter named personal representative or representatives to pay all of my just debts and funeral expenses as soon after my death as may be found convenient to do so. .. -- 2. All of the rest, residue and remainder of my estate, real, personal and mixed, and wheresoever the same may be situate, I give, devise and bequeath unto my husband,oGedor~g nF. Rickazds, his heirs and assigns, to the exclusion of my children born and unborn, p y said husband shall survive me by a period of ninety (90) days. 3. Should my said husband, George F. Rickards, predecease me or fail to survive me by ~ the aforesaid period of ninety (90) days, then in such an event all of the rest, residue and remainder ~ of my estate, real, personal and Waxed, and wheresoever the same may be situate, I give, devise ~' and bequeath in equal shares to my two daughters, their heirs and assigns, they being Phyllis M. Stouffer of Doubling Gap Road, Newville, Pennsylvania 17241, and Nancy E. Stum of Two `~' Meadows Road, Newville, Pennsylvania 17241, providing each of them shall survive me by a ~~`~~ period of ninety (90) days, but should either of them fail to so survive me then the share such ' ~' deceased daughter of mine would have received shall pass to such of her issue as shall survive me ~ ~~' by a period of ninety (90) days, per stirpes. 4. Should any person less than 21 years of age be entitled to distribution from my estate, ~ in such an event I nominate, constitute and appoint the parents of such child as Trustee and Guazdian of the estate of such person, and authorize and direct such parents to receive and to invest the same, and to pay the income arising therefrom together with so much of the principal thereof as ~ in the opinion of said Trustee or Guardian is necessary or desirable to be expended for the proper v maintenance, support or education of such person, to or for the benefit of such person, and upoi- such person obtatntng 21 years of age to pay to him or her the remaining principal together v+nth ~~ any undistributed income. In the event that the parent or parents of such person should decline or desire to cease serving as such, then in such event I nominate, constitute and appoint my hereinafter named personal representative or representatives to act as Trustee or Guardian of the estate of such person entitled to dtstribudon from my estate who is less than 21 years of age. S . I hereby nominate, constitute and appoint my said- husband, George F. Rickards, as Executor of this my Last Will and Testament but should he predecease me or fail to qualify or cease serving as such, then in such an event I nominate, constitute and appoint my two daughters, Phyllis M. Stouffer and Nancy E. Stum, or the survivor of them, as Executrices of this my Last Will and Testament, and I further direct that none of them shall be required to post any bond to secure the faithful performance of his or her duties in the Commonwealth of Pennsylvania or in any other jurisdiction. b. In addition to the powers conferred by law, the person or persons serving as personal representatives of my estate and as Trustee or Guardian of the estate of any person less than 21 years of age entitled to distribution from my estate are empowered to: a. To invest any part of the trust corpus in such securities, investments, or other property as may be deemed advisable and roomer, irrespective of whether the ...e..----^ - -_ - _ - ~- ,.~,. ~,~..e..-,r~ ant o'~v~'ft un~s nnd~ fie`Iaws 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 ~,,,.,..,,,,~Pr PY(`~lAflS7P. rn' cubsritution of such stocks, bonds or other securities as an by a penod at ~- tw) ~~is• Pa ~PR- 4. Should any person less than 21 years of age be entitled to distribution fr~n my estate, S in such an event I nominate, constitute and appoint the parents of such child as Trustee and Guardian of the estate of such person, and authorize and direct such parents to receive and to invest the same, and to pay the income arising therefrom together with so much of the principal thereof as ,~~ in the opinion of said Trustee or Guardian is necessary or desirable to be expended for the proper ~; maintenance, support or education of such-person, to or for the benefit of such person; and tl~7Ul ~`~ such person obtaining 21 years of age to pay to him or her the remaining principal together with any undistributed income. In the event that the parent or parents of such person should decline or desire to cease serving as such, then in such event I nominate, constitute and appoint my hereinafter named personal representative or representatives to act as Trustee or Guardian of the estate of such person entitled to distribution from my estate who is less than 21 years of age. 5. I hereby nominate, constitute and appoint my said husband, George F. Rickards, as Executor of this my Last Will and Testament but should he predecease me or fail to qualify or cease serving as such, then in such an event I nominate, constitute and appoint my two daughters, Phyllis M. Stouffer and Nancy E. Stum, or the survivor of them, as Executrices of this my Last Will and Testament, and I further direct that none of them shall be required to post any bond to secure the faithful performance of his or her duties in the Commonwealth of Pennsylvania or in any other jurisdiction. 6. In addition to the powers conferred by law, the person or persons serving as personal representatives of my estate and as Trustee or Guardian of the estate of any person less than 21 years of age entitled to distribution from my estate are empowered to: a. To invest any part of the trust corpus in such securities, investments, or other pmp as ma be deemed advisable and~ror, irrespective of whether the ~.,,,...___ .__ _ °~e oir~evnttnt' st~uncTs ender 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 surnnder, exchange or substitution of such stocks, bonds or other securities as an incident to the merger, consolidation or reorganization of such corporations; w p:iy 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 Page l of 2 Pages conferred upon the holdezs of soh 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 under trust obligation. c. To hold the trust corpus in one or more consolidated funds in which sepazate 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 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 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 azbitrate any claim or demand in favor of or against 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 chazge against the principal or income such other reasonable expenses and charges as may be necessary and proper to incur for the proper dischazge 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 undivtded 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. IN WITNESS WHEREOF, I have hereunto set my hand and seal to this my Last Will and Testament written on two (2) pages, this 21st day of February , 1990. ,~ '? cv, c- .~ ~~~~. ~~~ (~i. c f~~l~ ~>~ v (SEAL) Edith M. Rickards Signed, sealed, published and declared by EDITH M. RICKARDS, 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. _ ., _._ _., _ ___._._.,_