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02-01-10
5056041158 ,-I REV-1500 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue County Code Year File Number Bureau of Individual Taxes PO BOX 280601 INHERITANCE TAX RETURN 21 09 0712 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 546-36-3401 05152009 08051923 Decedent's Last Name KANN, JR• Suffix Decedent's First Name PAUL (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name KANN ERIS Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE BOXES BELOW 1. Original Return ^ 4. Limited Estate 6. Decedent Died Testate (Attach Copy of Will) ^ 9. Litigation Proceeds Received ^ 2. Supplemental Return ^ 4a. Future Interest Compromise (date of death after 12-12-82) 7. Decedent Maintained a Living Trust (Attach Copy of Trust) ^ 10. Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) MI S MI J ^ 3. Remainder Return (date of death prior to 12-13-82) 0 5. Federal Estate Tax Return Required ],_. 8. Total Number of Safe Deposit Boxes © 11. Election to tax under Sec. 9113(A) (Attach Sch. O) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number JENNIFER DENCHAK WETZEL 717-620-2440 Firm Name (If Applicable) PERSON & HEIM, P•C• First line of address 1700 BENT CREEK BOULEVARD Second line of address PO BOX 659 City or Post Office MECHANICSBURG State ZIP Code PA REGISTER ILLS USE OI~ C~ . ~ ~ ~~ ~~ "~ i t . © r'> °°> '*~ ~ ~ i -4''a LED ~~ •. P T ' L ru~~-ues-I correspondent's a-mail address: J D W E T Z E L a~ P E R S U N H E I M• C O M 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. ADDRES Sb tic Malley ~, ~i~r~~s~e, ~f! !70/s' SIGNATURE OF PRE THAN REPR IVE DATE JENNIFER DENCHAK WETZ ~~- ~ ~ X16 /O ADDRESS PO BOX 659 MECHANICSBURG PA 17055 PLEASE USE ORIGINAL FORM ONLY Side 1 15056041158 8M46473.000 15056041158 J 15056042159 REV-1500 EX Decedent's Social Security Number 546-36-3401 Decedent's Name;X A N N, J R• PAUL S RECAPITULATION 1. Real estate (Schedule A) 1. 0 • 0 0 2. Stocks and Bonds (Schedule B) . .. 2. 13 8 2 2 • 0 0 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) . 3. 0 . Q 0 4. Mortgages & Notes Receivable (Schedule D). . 4. 0 , 0 0 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) . 5. 15 9 7 9 • 0 0 6. Jointly Owned Property (Schedule F) ~ Separate Billing Requested 6. 0 • 0 0 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) ~ Separate Billing Requested 7. 2 710 6 0 9 • 0 0 8. Total Gross Assets (total Lines 1-7). 6. 2 7 4 0 410 • 0 0 9. Funeral Expenses & Administrative Costs (Schedule H) . .. 9. 2 9 4 31 • 0 0 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I). 10. 8 • 0 0 11. Total Deductions (total Lines 9 & 10) . 11. 2 9 4 3 9 • 0 0 12. Net Value of Estate (Line 8 minus Line 11) 1 z. 2 710 9 71 • 0 0 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) . 13. 2 5 8 4 6 6 D • O O 14. Net Value Subject to Tax (Line 12 minus Line 13) 1 a. 12 6 311 • 0 0 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line~14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2)X.O~ 750 • 00 15• O • OO 16. Amount of Line 14 taxable at linealratex.o~l5 150000.00. 16• 6750.00 17. Amount of Line 14 taxable at sibling rate X .12 0. 0 0 17• 0. 0 0 18. Amount of Line 14 taxable at collateral rate X .15 S O O O.O O 18• 7 5 O.O O 19. TAX DUE 19. 7500 • 00 20. FILL IN THE BOX IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 15056042159 BM46482.000 15056042159 REV-1500 EX Page 3 Decedent's Complete Address: File Number 2], ^9 ^712 DECEDENTS NAME KANN, R• PA S STREET ADDRESS CITY CARLISLE STATE ZIP - Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) 2. .Credits/Payments A. Spousal Poverty Credit D • D D B. Prior Payments D • D D C. Discount 0 • D 0 3. InteresUPenalty if applicable D. Interest 0 • D 0 E. Penalty D • D D (1) 7500.00 Total Credits (A + B + C) (2) D • D D Total InteresUPenalty (D + E) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in box on Page 2, Line 20 to request a refund. 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DuE. A. Enter the interest on the tax due. B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (3) 0 • D 0 (a) ^ . D 0 (5> 750D • 00 (5A) 0 • D 0 (56) 7500.00 Make Check Payable to: REGISTER OF WILLS, AGENT t b r,~~ _~.'' . ,. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: a 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 X 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 ^ a 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 ar 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)J. 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 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. BM4671 1.000 REV-1503 EX + (s-98) SCHEDULE B COMMONWEALTH OF PENNSYLVANIA STOCKS 8c BONDS INHERITANCE TAX RETURN RESIDENT DECEDENT FILE NUMBER Paul S. Kann Jr. 21 09 0712 All property Jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1.3 Shares The Pennsylvania Railroad Company 0 _. The date of the stock certificate is 1941. .The .current transfer agent has reported that the stock has $0 value. 2 450 Shares AO Smith Corporation Stock CUSIP: 831865209 3 30 Par Pennsylvania 'Insured Municipal Income Trust Account #00442165 Interest accrued to 5/15/2009 4 59 Par Pennsylvania Insured Municipal Income Trust Account #02621350 Interest accrued to 5/15/2009 TOTAL (Also enter on line 2, Recapitulation) I $ swasss ~.ooo (If more space is needed, insert additional sheets of the same size) 12,812 422 13 564 11 13,822 REV•160ti EX+ (698) SCHEDULE E COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, 8r MISC. INHERITANCE TAX RETURN RESIDENT DECEDENT PERSONAL PROPERTY __ ESTATE OF FILE NUMBER Paul S. Kann Jr. 21 09 0712 Include the proceeds of litigation and the date the proceeds were received by the estate. 3waenD t.oo0 (If more space is needed, insert additional sheets of the same size) REV-1510 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS 8~ MISC. NON-PROBATE PROPERTY 'ATE OF FILE Paul S. Kann Jr. 21 09 0712 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 NUMBE DESCRIPTION OF PROPERTY IK;UDE11fWMEOFTFEiWWSFEREE,TFFJRREU1T10NSFIPT00ECEDEMMD nEwTEOFTRAraP~.ATrAa~ncowoFTreoEEOFORREa.ESrnre DATE OF DEATH VALUE OF ASSET %OFDECD'S INTEREST EXCLUSION IF APPLICABLE TAXABLE VALUE 1~ Paul S. Kann Trust 2,710,609 100.0000 0 2,710,609 Revocable living trust partially funded during . .lifetime TOTAL (Also enter on line 7, Recapitulation) 2,710,609 (If more space is needed, insert addftional sheets of the same size) 3W46AF 1.000 REV-1511 EX+(10.06) COMMONWEALTH OF PENNSYLVANIA INHERffANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES 8~ ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Paul S Kann Jr 21 090712 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: ~ Hoffman-Roth Funeral Home 4,931 B. 1 ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Street Address Citv State _ Zip Year(s) Commission Paid: 2. Attorney Fees 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Eris J. Kann Street Address City State Zip Relationship of Claimant to Decedent SPOUSE 4. Probate Fees 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. 1 Miscellaneous Costs to Close Estate 20,000 3,500 1,000 TOTAL (Also enter on line 9, Recapitulation) ~ $ 29, 431 7W46AG 1.000 (If more space is needed, insert additional sheets of the same size) REV-1512 EX+ (12-08) pennsylvania SCHEDULE I DEPARTM£NiOF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES 8c LIENS RESDENi DECEDENT ESTATE OF FILE NUMBER Paul S. Kann, Jr. 21 09 0712 Report debts Incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. awnsAH z.ooo If more space is needed, insert additional sheets of the same size. REV-1513 EX+ (11-08) Pennsylvania DEPARTMENT Of REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF FILE NUMBER raui s. xann ~r. 21 0 9 0712 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 2116 (a) (1.2).] 1. Eris J. Kann Cottage at Cumberland Crossings 23 Hendel Loop Carlisle, PA 17015 1985 Ford F150 Inventory Value: 750 Surviving Spouse 750 2 Timothy P. Kann 456 Rich Valley Road Carlisle, PA 17015 General Bequests: 50,000 Son 50,000 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 1 8 OF REV-1500 COVER SHEET, AS APP ROPRIATE. [[ NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 2113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN 1• See Attached 1 B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. S 2 584 660 Ir more space Is neeaea, Insert aaaltlonal sneers or the same slze. 6W46AI 2.000 Estate of: Paul S. Kann, Jr. Schedule J Part 1 (Page 2) Item No. Description 3 Janelle E. Egan 7455 Manor Drive Harrisburg, PA 17112 General Bequests: 50,000 4 Jane L. Wickard 36113 WCR 74 Briggsdale, CO 80611 General Bequests: 5,000 5 Karen L. Spencer 409 St. John Road Littlestown, PA 17340 Cash from Paul S. Kann Trust 10,000 6 Thomas K. Egan 333 North Third Street Lewisburg, PA 17837 Cash from Paul S. Kann Trust 10,000 7 Sara E. Kann 316A Meadville Street Edinboro, PA 16412 Cash from Paul S. Kann Trust 10,000 8 Anna C. Kann 202 Central Manor Road Apartment B Mountville, PA 17554 Cash from Paul S. Kann Trust 10,000 9 Eric P. Kann 456 Rich Valley Road Carlisle, PA 17015 Cash from Paul S. Kann Trust 10,000 Relation Daughter None Granddaughter Grandson Granddaughter Granddaughter Grandson 21 09 0712 Amount 50,000 5,000 10,000 10,000 10,000 10,000 10,000 Estate of: Paul S. Kann, Jr. Schedule J Part 2A (Page 1) I tem No. Description 21 09 0712 Amount 1 Paul S. Kann Trust 2,584,660 REV-1649 EX+ (6.96) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF SCHEDULE O ELECTION UNDER SEC. 9113(A) SPOUSAL DISTRIBUTIONS FILE NUMBER Paul S Kann Jr. 21 09 0712 Do not complete this schedule unless the estate is making the election to tax assets under Section 9113(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 Paul S . Kann Trust 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 in 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 transferors 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 sim- ilar 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. Description Paul S. Kann Trust VALUE 2,584,660 Part A Total $ 2 584 660 PART B: Enter the descri tion and value of all interests included in Part A for which the Section 911 3 A election to tax is bein made. Description Value Part B Total $ 0 (If more space is needed, insert additional sheets of the same size) 3W46E2 2.000 ua.aw xGV tutu/) LOCAL REGISTRAR'S C~RTI~1~~4TION Off' D~i4Tl•I WARNING: It is illegal to duplicate this copy by photostat or photograph. ~ ,~~, ` lee for this certificate,-$6.00 ,:P :~54~4.2~4 Certification `Number This is to .certify that the information here given i correctly copied from an original Certificate of Deatl duly filed with me as Local Registrar. The origins certificate will be forwarded to the State Vita Records Office.for permanent filing. Local Registrar Date Issued N10Lt^2 aEY 11MYY COMMONWEALTH OF PENNSYLVANIA • DEPARTMENT OF HEALTH • VITAL RECORDS ~E CERTIFICATE OF DEATH BIAL7(Nac (See InsMUCtlDns and examples on reverse) 6TATE Fa.E Ni1MBER fv /3I 1.Nenedee^edmllRd,ntlw,ted,eWQ 2wx 3.aad116sa^YyN:mhn N.pbd D^eN Paul S. Kann, Jr. Male 546 _ 36_ 3401 May: 5,~ 09 s.pwWaeMm^n werl~v waerl aowdBYlh.Nbaa. .Yw) 7. Ybbaea.awywawnbe^Ynwdry) -Ba:PbndOpN/ClMrkmlrw) oY.r. 85 ~ ~'' A.. 1br. Aug. 5, 1923 Carlisle, PA ^ pEA/o^pew^ poet ®M^YnYNam pe.wame poem•.eY.dir. Y¢. a0.GasYyd O^^e &. CNr, aab. Hry.dD^eN YY.FtlM/N^errynalMwsen. YM^d:^d eaenmbM) 9.YM wnd~^dlmprYcO:ipM7 Qao QYse ta. aeae:A^mr~^Mdin.aMak YAYb.aa. Cumberland N. Middleton .Twp. Church of God Home ~Pmw~4eb) l White ~ls~ wd.d. is.swadrgeaas.(awtis.pr.m+a.^wn.) n.omea.retbr daaAaw ^ma w.wnaaw tzxb+wwn^...rMYe t^.owemrsESOYmISF•aM••MYipraa^w~^w~b~ ta. , WddYbA MMIda^eu/YdwY, USAn^^dFww7 Eb~y,yySsowasryl0.12) oabYell.~as~) • Kreitzer 12 Married 'Eris J p . w Farmer own farm ®ru - tcoK.wr.Ywnapm,.pwd.a~r/b~m,dw.>iP.m•) ~ vd~ PA .~b~ tiG®raoad.dur,aM S. Middleton m,P 23 Handel Loop T°"""°'' 17d.p Nq O^nUea used eaein Carlisle, PA 17015 1m ~' C:nmhPrland pmru^dna DYy/Bao '1L FabNsNm l~.^rdudleilgl,~ iB.Nahfe Ne^r IF^el.dddM madeneuewl Florence E Frehn Paul Kann . sa Mbmrd! Ne^w nYw/PdM) Timothy P. Kann an Mknwd•.-Y.wMM..IB••^4 do/M.n.a+.,nVmM) 456 Rich Valley Rd., Carlisle, PA -17015 2b. wm^dd OMPadisn pCwrbn ^Daron 210. owaObpwNm lMsMti.wY. Y••~1 YIaPW a1t^peaem lrMnsaswmbq•,am:w:yadlm Pk+l .2ta.1^eeeon R2Y'/bu0. dae.mem.) Cumberland Va1ley PA 17013 °nsal Carlisle ar~ ® o "' ^ "'""'"''°'"B"" 1N p "b ° 0i"'Y°"""'b"'d • , e G Ma 21, 2009 "' ' ii i'" " ' p DY+~.sP.dy- byYMbelY^~eYm/CwunrT ^Ymprb Y aza:earr.aF~aw esldY~•^dMan^N ~•~ ~•NiwieAdAd"'°aF''"1' Hoffman-Roth Funeral Home & Crematory, Inc. ~ - ~ : ~... %- 138425 219 N. Hanover St., Carlisle, PA 17013 Y .blhebealdln/bawdq.deM^oYndNNeMm,rbsroq~+sbbd.la9Mee ^nd9k) 27b.Uweswww 23c.Ods a4••d 1^tadl:. dY. rseri CgYMse^ws2abaaN/dr^wY)i:p ddxiMMn^YbeaFmeddrYlb l ~ ~ ~~ p ry ~t 15 ~~17b ' ~ ~~~ { ~. Chi //1~' ~ ~ se^Yypmedde^4 • / 7ero WONe 26. 0^W lMpih, 1 41 • 26.Wp Cw Ndw^dbM^6cd E^^mYwr/Caiaie r lp ^Pmm~ OYbr tlrn CwmdMwOaidbn7 . WnN4Y^^db^m0aed b,Y~n - ae,w.~ D a l o /~~ 111.a 151 2vng ^'" [~{b CAUFiE OP DEATH (see bgttuolMms ^M exemp)se) ~ AppmtleuM Mbmd: Pad IbFpbrsYm ~ . 2B. gdTah®Uw b Dwe7 nw^pnlom-MdnMg1/a:B^d Yrw^Yi.00NOT rMr gmiolw~Mad~nawenml, i pgabDeah Y}du Ptlt FnMiq{6~ d~5-Wb^s ... 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Pedgerd7 AwYw PdgbCaeebea^ bl dG a D dwYml ^Na^edle ` ~ ' ^ae M ^~,M ^p~,~q„ 22d.7wNd Mjuy 22a Mjwyd Y/od:7 7tl.aLwpwldonMlury lSpdfy) 7i2p. loWlm aMa~'laus^l dM/~•. sbM) ^~ a Nn ^m ^w p&idde ^WJaNUb wM^ird ^Wt ^w wvM/UPRaat pP^nenB• pPedm4Yn p M ~ ^ SOKYX .sae. cwYYerltlrdi a/n' mel +dd..n.nam^nwse^em2>) m~ ~*~r xb sgw.eendrw c«Ybl ~ `/L ~ ~~n ~ P wMr csdYrirepmbb^INw+~.~•Ma2am.aw.w+n..a To Nis bsq spry^nwAedYe, dedhwwndMbMM weals)ud^xwruebled--------------------------------- - , • Wenea~ebe end smYMMY FMebb•IPbpkunhaepeneeeigdab rgaAligbuweddMY:) ^ 29c. Urrrs Nur6e. 2^a.OW SlpedlwiMh. day, Y•d) 7olM bnldmr Yneded^e. deeN xauneda NN YeK,^w,ead pbp,^nedmblhe ennagaM means: esemed------------------ M o -~aE b~115"-a~vg . McAcelEerwmr/Camim onib_eb.asas»d.xon.nd)wMw.YYwron.Mwr•Ndm.eaY.«arnwalrob...wb.en~N•s•.••da.ebb.ewrl•).m.s.nna...uw.a_ ^ ~.w...a aP wrocm~mquwao..M1^•m2~)iYw/w:a lg r 1'`'UQ ^t~u.,.~arv b.b FbdlMaat M. p^A a. wPebrs sre oa~F~Y~ L~ 'ko.,..,.~ 1 r~ I 1 I ~. 1 1 I ~1 I ~ , ~ f(_ -r(v~f . t . . h 'emu 3 iJ . ~r 1 •I-T»,nn. ~.~r• 1.-~4 1-)n11., ~r. V. n PA 1-lA (e_'~ Last Will and Testament OF PAUL S. KANN I, PAUL S. KANN, of Carlisle, Cumberland County, Pennsylvania, do make, publish and declare this w be my Last Will and Testament, hereby revolting all Wills and Codicils by me at any time made. ITEM I: I direct that all inheritance and estate taxes becoming due by reason of my death, whether such taxes may be payable by my estate or by any recipient of any property, shall be paid by the Executor out of the property passing under ITEM IV of this Will, as an expense and cost of administration of my estate. The Executor shall have no duty or obligation to obtain reimbursement for any such tax so paid, even though on proceeds of insurance or other property not passing under this Will. ITEM II: I direct the Executor to pay the expenses of my last illness and funeral expenses from the property passing under this Will as an expense and cost of administration of my estate. JTEM III: _ If I predecease my wife, ERIS J. K:ANN, I give and bequeath to her absolutely and in fee simple all of my household furniture and furnishings, books, pictures, jewelry, silver-vs~are, automobiles, wearing apparel and all other articles of household or personal use or adornment and al] policies of insurance thereon. If I do not predecease my said wife, I make said bequest to my children living al the time of my death, to be divided among them as they shall agree. Should there be no agreement, such ~~ Page 1 property shall be divided among them by the Executor in as nearly equal portions as is deemed practical in the sole discretion of the Executor, having due regard to the personal preferences of such children. Iw; I give, devise and bequeath all the rest, residue emainder of my estate, not disposed of in the preceding portions of this Will, to ERIS J. and r KAHN, IN TRUST NEVERTHELESS, to be held, administered and distributed in accordaN e with the terms of a certain Agreement of Trust executed by myself and said ERIS J. KAN a~~ day of , 19~iJ~I hereby as Trustees and by me as Grantor, on the confirm and ratify said Agreement of Trust in every respect. ITEM IX: In the settlement of my estate, the Executor shall possess, among others, the following powers: (a) To retain any investments I may have at my death, including specificall}~ those consisting of stock of any bank even if I have named such bank as the Executor herein, as long as the Executor may deem it advisable to my estate so to do. (b) To vary investments, when deemed desirable by-the Executor, and to invest in such bonds, stocks, notes, real estate morl:gages or other securities or in such other property, real or personal, as the Executor shall deem wise, without being restricted to so-called "legal investments", and without being limited by an}~ statute or rule of law regarding investments by fiduciaries. SI Pace 2 (c) In order to effect a division of the principal of my estate or for any other purpose, including any final distribution, the Executor is authorized to make said divisions or distributions of the personalty and realty partly oi- wholly in kind, and to allocate specific assets among beneficiaries hereunder so long as the total marker. value of any _share is not. affected by such division, distribution or allocation in kind. Should it appear desirable to partition any real estate, the Executor is authorized to make, join in and consummate partitions of lands, voluntarily oi~ involuntarily, including giving of mutual deeds, recognizances or other obligations, with as wide powers as an individual owner in fee simple. (d) To sell either at public or private sale and upon such terms and conditions as the Executor may deem advantageous to the estate, any or all real or personal estate or interest therein owned by the estate severally or in conjunction with other persons or acquired after my death by the Executor, and to consummate said sale or sales by sufficient deeds or other instruments to the purchaser or purchasers, conveying a fee simple title, free and clear of all trust and without obligation or liability of the purchaser or purchasers to see to the application of the purchase money or to make inquiry into the validity of said sale or sales; also, to make, execute, acknowledge and deliver any and all deeds, assignments, options or other writings which may be necessary or desirable in carrying out any of the powers conferred upon the Executor in this paragraph or elsewhere in my Will. (e) To mortgage real estate, and to make leases of real estate. Page 3 SI (~ To borrow money from an}~ party, including the Executor, to pay indebtedness of mine or of m}~ estate, expenses of administration oi~ inheritance, legacy, estate and other taxes, and to assign and pledge assets of my estate therefor. (g) To _pay all costs, taxes, expenses and charges in connection with the administration of mp estate. (h) To make distributions of income and of principal to the proper beneficiaries thereof, during the administration of my estate, with or without court order, in such manner and in such amounts as my Executor deems prudent and appropriate. (i) To vote any shares of stock which form a part of the estate, and otherv,~ise to exercise all the powers incident to the ownership of such stock. (j) In the discretion of the Executor, to unite with other owners of similar property in carrying out any plans for the reorganization of any corporation or company whose securities form a part of the estate. (k) To disclaim any interest in property which would devolve to me or my estate by whatever means, including but not limited to the following means: as beneficiary under a will, as an appointee under the exercise of a power of appointment, as a person entitled to take by intestac}~, as a donee of an inter vivos transfer, and as a donee under a 1:hird-party beneficiary contract. Page 4 ~~C ~! (1) To do all other acts in the Executor's judgment deemed necessary or desirable for the proper and advantageous management, investment and distribution of the estate. ITEM X: Any person (other than my wife) who shall have died at the same time as I shall have, or in a common disaster with me, or under such circumstances that ahe order of our deaths cannot be established by proof, or within tlv.t~:y (30) days of my death, ~ha11 'be deemed to have predeceased me. If m}~ wife and I die simultaneously.; ~~or,unde such circumstances that the order of our deaths cannot be established by proof, my wife shallG'be deemed to have survived me. ITEM XI: If at any time any beneficiar}~ under the age of twenty-one (21) years shall be entitled to receive any assets hereunder, the Executor under this Will shall receive such assets as Custodian under the Pennsylvania Uniform Transfers to Minors Act for that beneficiary. Such Custodian may receive and administer all assets authorized by law, and shall have full authority as provided in the Pennsylvania Uniform Transfers to Minors Act to use such funds in the manner it deems advisable for the best interests of such beneficiary. In addition, said Custodian shall have all the rights and privileges as to the Custodianship and its assets as are herein granted to the Executor as to my estate and the .assets .therein. I also designate said Custodian as successor Custodian of ,~ ; ; any ,property ~for~•wlnch:lI.:am custodian under any Uniform Gifts to Minors Act, or Uniform Transfers'.to 'Nlinos,,~~t~'`, i£ F .,: ~, ~~ _ s F.s Jii ITE~'II~ I hereb}~ nominate, constitute and appoint my wife, ERIS J. KAHN to be the Executrix. Should she be unable or unwilling to serve as Executrix, I nominate, constitute and appoint my son, TIMOTHY P. KANN to be the Page 5 S' ~ Executor. Should he be unable or unwilling to serve as Executor, I nominate constitute and appoint my daughter, JANELLE E. ELAN to be the Executrix. Should she be unable or unwilling to serve as Executrix, I nominate, constitute and appoint FARMERS TRUST COMPANY to be the Executor. The Executor is specifically relieved from the duty or obligation of filing any bond _or other security. IN WITNESS WI-IEREOF, I have set my hand and seal to this, my Last Will and Testament, consisting of this and the preceding five (5) pages, at the end of each page of which I have also set my initials for greater security and better identification this l/''~ day of tt ~ , 19~i'j l ~~ f ~,~ r-- (SEAL) PA " S. KAHN We, the undersigned, hereby certify that the. foregoing Will was signed, sealed, published and declared b}~ the above-named Testator as and for his Last Wil] and Testament, in the presence of us, who, at his request and in his presence and in the presence of each other, have hereunto set our hands and seals the day and year first above written, and we certify that at the time of the execution thereof, the said Testator was of sound and disposing mind and memory. ~' .~ ~,~.C~"~ t.~~ (SEAL) Residing at ~~ , ~.('~`~'`~~~ .~. ~~•~~ ~i ~r ~~'(/ ~J r l,\ SEAL) Residing at ~`~ l~1Ct.~~I~~t~iq ~ ~~~ SEAL) Residing at ACKNOWLEDGEMENT COMMONWEALTH OF PENNSYLVANIA ) SS: COUNTY OF )_ I, PAUL S. KANN, Testator, whose name is signed to the attached oi~ foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed and executed the instrument as my Lasi Wi11 and Testament; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. ~~~if./1/1/L (SEAL) PA ~ L S. KANN Sworn to and subscribed before me this day of 19 . Notary Public My Commission Expires: (SEAL) AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA ) SS: COUNTI' OF ) rr ~ r ,~ ~ We, ~~nn~~ii /.;~/r;,', ~ C ~1 ~~~l~f~,~i l nsf,Z?~.._--. and I the Witnesses whose names are signed to the attached or foregoing instrument, being duly qualified according to law, do depose and say that we were present and saw Testator, PAUL S. KANN, sign and execute the instrument as his Last Will and Testament; that Testator signed willingly and that he executed said Will as his free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the Testator signed the Will as Witnesses; and that to the best of our knowledge the Testator was at that time eighteen (18) or more years of age, of sound mind and under no constraint or undue influence. ~ % ~ `J ~ Witness Sworn to and subscribed before me this day of 19 Notary Public My Commission Expires: (SEAL) ~ ~~ /% ~~ p1 1.~ ~~ ,1. ,' I ~: ~. ~ "-"~~~% fitness Witness 26340 1 ACKNOVdLEDGMENT COMMONWEALTH OF PENNSYLVANIA ) SS: COUNTY OF DAUPHIN ) On the 25th day of July, 1995, before me the subscriber a Notary Public, in and for the Commonwealth of Pennsylvania, personally appeared Matthew A, Cosenza, Esq., who, being duly sworn according to law, says that he was personally present at the execution of the Last VS~ill and Testament of Testator, Paul S. Kann, and acknowledged that the said instrument was duly executed by Paul S. Kann, whose name is signed to the attached or foregoing instrument, and that Paul S. Kann signed willingly and that he executed said Will as his free and voluntary act for the purposes therein e~:pressed. ~~ // `~Ma~t~thew A. Cosenza Sworn to and subscribed before me this ~~- day of 19-x. . ~Jotaral ;~I Lisa IJ~~uic ;Jl:~!'+, h~~~,an~ f'ul~lla Hamsburg, l~~uprtin bounty Mp CommiSSion E;cpires f=oti.18, i 896 ~r1,i 11' , I~rlrll~ ~I~iIFSI~"~t~1.'1N.~F#lldfl tS(l~S~hdnr~5 ~MpNWEALTH OF PENNSYLVANIA ) ~p ) SS: O,~TrTy OF ~a~P "r" ) ,.~ I, Matthew A. Cosenza, Esq., being duly qualified according to law, do depose Say that I was present when the Witnesses, whose names ai~e signed to the attached ~r going instrument, saw the Testatrix sign the Vi~ill, and that said Witnesses believed to the ~~{ their knowledge that the Testatrix was at that time eighteen (18) or more years of age, d mind and under no constraint ndue influence. r.Un / / ~~ ~~ ~ , ~ r1 „ .v~, ~ ~ Matthe . Cos~iza, Esq. Sworn to and subscribed before me this a~' day of ~,P.~. , 19 ~5'. Plot~ial SSeaal Lisa Maria lush, ti~tz9~ f~ul5liC N,arrishurg, i7aup~hir County , . . My Gommis~l~n ~ty~r~. F~t~. i 9,1 °_~ e ~~ifilJ~li ~`~filleylUA~Ud :iil~l~i'i€IiF~Bi~H~~ ACKNOWLEDGMENT COMMONWEALTH OF PENNSYLVANIA ) SS: COUNTY OF DAUPHIN ) On the 25th day of July, 1995, before me the subscriber- a Notary Public, in and for the Commonwealth of Pennsylvania, personall}~ appeared Matthew A. Cosenza, Esg., who, being duly sworn according to law, says that he was personally present at the execution of the Last Will and Testament of Testator, Paul S. Kann, and acknowledged that the said instrument was duly executed by Paul S. Kann, whose name is signed to the attached or foregoing instrument, and that Paul S. Kann signed willingly and that he executed said Will as his free and voluntary act for the purposes therein expressed. atthew A. Cosenza Sworn to and subscribed before me this ~sf day of J1~odeK,}~er , 19 ~~ `~ ~ , _ ~~~~ Notarial Seal pubpc Margaret M• Notary Kenw pau~n Gounh~ Susq~~hanna~WP•ires Sopt• 18,19~J7 lny CommiB~or~ ~ ciation of Notaries Membar, PennsyNarbaHssc f .. .f AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA j SS: COUNTY OF ~ ) I, Matthew A. Cosenza, Esq., being dul}~ qualified according to law, do depose and say that I was present when the Witnesses, whose names are signed to the attached or foregoing instrument, saw the Testator sign the Will, and that said V>>itnesses believed to the best of their knowledge that the Testator was at that time eighteen (18) or more years of ace, of sound mind and under no constraint or u ue influence. atthew A. Cose a, Esq. Sworn to and subscribed before me this ~ s ~ day of /~o ~ ~~ b~ ~ , 19 9s ~. ~`~-Notarial Seal P~}ic Margaret M• Ke~o Dam ~ o~mty SusgUehanr ~ ~res Ssp1. ?5, iS97 My Cornmi~0 . __,,.a~,tlnn of I~o~a '` ~ 1VI8TB~nk 499 Mitchell Road, Millsboro, DE 19966 Mail Code DE-MB-12 Persun & Heim, P.C• Attorneys at Law PO Box 659 Mechanicsburg, PA 17050-0659 Phone (888) 502-4349 Fax (302)934-2955 August 10, 2009 Re: Estate ol'' Paul S Kann, Jr. Social Securi : 5461 S 2009 Chan ed to 276-15-6762 Date ofDeath• May Dear Sir or Madam: ~ 03, 2009, please be advised that at the time of death, the above-named decedent had on Per your inquiry dated Augu deposit with this bank the following: l • Type of Account Checking Account 3740615400 Account Number ames o Paul S Kann* Ownership (N .~ ErisJKann* 3/22/09 Opening Date $104,933.68 Balance on Date of Death $ 34.50 Accrued Interest ~-$109,968.18 Total 2. Type ofgccount Safe Deposit Box 0002134/High Street-Carlisle 'Box Number/Location ames o Paul S Kann* Ownership (N .~ Eris• J Kann* 9/Z3/9Z Opening Date * If upon reviewing the information above, you bossiblet'oint accountholder. For ant additional info rmat on onvthe us with an account number and/or name of any p J lease contact above accounts, including ownership and any changes, closures and/or reimbursement of funds, etc., p our High Street Carlisle Office # 717-240-4536. S•ncerely, Tracie Hare s~ r '} q' +k k .: ~. .Y a r`~: _~/ oJ~~ffii.S1~27~iT0~5. d£4QT~1~l'MD57'!/ORRFaSPQNDI~'1~T~FiN9~SE~SA OFD GETYI~IC~9TE7J'E~sItPP9ItTlC11ZAIt~1SODTONQRR~.ARCl~~11'.xOR. ~\~ \ N ~ ~ ~~ ~~~ ~~ b ~~ ~ ~~ ~ ~~ ~~ ~~ ~ ~~ ~ ~~I ~~~ ~ ~. ~ ~~ ~ ~. ~ ~~ ~ ~ ~~ ~ ~ ~ ~~ ~ ~ ~ ~ '. ~` ~~ _~ ~~ , ~ ~~ ~ .~ ~ ~ ~ ~ ~ ~~ ~ ~ ~~ ~~~~ ~ I ~~ ~_ ---- ~~ ~ `c` N. fclr B-! American Stock Transfer Trust 1/ompany, .~~,C August 07, 2009 PERSUN & HEIM PC ATTN: JENNIFER DENCHAK WETZEL 1700 BENT-CREEK BLVD ST-E-160 MECHANICSBURG PA 17050 Re: PAUL S K,ANN Company: THE PENNSYLVANIA R^ ILROAD COMPANY Account: NA Dear Sir or Madam: We have received your request regarding the above-referenced security. Operations Center 620] 15th Avenue Brooklyn, NY P 1219 www.amstock.com (800) 937-5449 If the share position foi• certificate P92924 was never presented for exchange into the succeeding companies, the position was most likely deemed as abandoned property. Escheatment of the funds could have delivered the shares either to the state of incorporation for the company, state of last residence of the shareholder, or state of the registrar for the company. The unclaimed properly office under the state of Pennsylvania can be reached at: State Treasurer Robert P. Casey, Jr. Unclaimed Property Bureau P.O. Box 1837 Harrisburg, PA ] 7105-1837 Phone No. 800-222-2046 In the future, you may communicate with us byvisiting our Web Site at: ~~m~~.anzstock.com, or you may e-mail me directly at AMayr@amstock.com We trus the above information is helpful. S' erely, Aleka Mayr 0 Shareholder Services i~~re~ao~und m n 5 0 N N a w m -I ~~ d~ o~ N ~ a; -I ~~ _ _ ~ ^ (~ ~ ~ u n m '~1 m U1 -I = zm ~ ~ { „ ~~ m 9 v, ~~ n ~ C T ~ m m ~ " 'O D ~ D ~ m ~ .~ ~ ~ O Z ~ O '~ r. ~ C h -[ ,t ~ m m (~ ~ -I m z ~ U L~ `~ ~ 's '\ _ i n c c n n Z C m O ~ ~ ~ 9 m ~ ~ T D m W i m o E-' m O Z Q~ ~ T O rr n o m c r P 7 r n m C m t/1 m H m ~ ~ m ~ ~ W ~ ~ m W D p" n Ln z 0 4 ro n .~ 3 W ~ 3 N t-~ r Z ~ m ~ ° ~ ,~ o O N • ~ ~ O d` a• z p ~ 4 ~ p ~ ~ = O m A fA D -I -i ~ m m o~ ~Z o °m m ~ ~ ~ _. ~....,~. .. ~ , x ~,~ .. ___ _. - ----_ AOS: Historical Prices for SMITH A O CORD -Yahoo! Finance ~CG~ ~ `~ Page 1 of 2 Yahool My Yahoo! Mall More Get Yahoo! Toolbar New User? Sign Up Sign In Help __ _. _._ __._ ~,r ~~~ ~~ N~I#,~~~~ Search ~ ~ WEB SEARCH. FrI, ]ul 10, 2009, 12:AOPM ET - U.S. Markets close In 3hrs 20mins Dow ~ 0.61?/o Nasdaq ~ 0.06% AO Smith Corp. ~AOS' At 12:24PM Ef: 31.75 ~- 0.12 (0.38%) t, _ - ~r __ , ., ,, y. ~ $~~ GID, _ _:..... .Becuiu~e ll Get Historical Prices for: C'O Historical Prices SET DATE RANGE Daily `i`' 15 2009 Eg, ]an 1, Weekly Start Date: May +`~'~ 2003 Monthly End Date: May r'`. 15 2009 Dividends Only Get Prices First ~ Prev ~ Next ~ Last PRICES Adj Date Open High Low Close Volume Close" 15-May-09 28.40 28.90 28.03 28.28 186,500 28.26 Close price adjusted for dividends and splits. First ~ Prev ~ Next I Last I~ Download To Spreadsheet ~~~, y7 X ~s~ ; t/d~ ~/ /. s-.. Add to Portfolio Q Set Alert U Email to a Friend Get Historical Prices for Another Symbol: G~ Symbol Lookup • Stock Screener Splits fah ~ 3s~ BNY MELLON December 24, 2oog Persun & Heim, P.C. Attention: Jennifer Denchak Wetzel P.O. Box 659 Mechanicsburg PA 1'7055-0659 I,E; PE'I~TNSI'LVANIA.INSUP•ED IVILTNICIPt1L INCOME TRUST SERIES 175 INSURED MUNICIPAL INCOME TRUST SERIES 83 A/C: 00442165 N/0: PAUL S KAHN ~; PENNSYLVANIA INSURED MUNICIPAL INCOME TRUST SERIES 5, 7, AND 8 A/C: 02621350 N/0: PAUL S KAHN RE: PENNSYLVANIA INSURED MUNI~C US IN~ES g UST SERIES S, 7, 8 AND 175 INSURED MUNICIPAL INCOM A/C: 02985425 EXEC EST PAUL S KAHN JR N/0: TIMOTHY P KANN Dear Ms. Denchak-Wetzel: Thank you for your correspondence regarding the Unit Investment Trusts referenced above. Please be advised that both account numbers 00442165 and o262135o were closed on December 18, 2oog, when they were re-registered to the above referenced estate account and redeemed. There are no outstanding distribe e°a count have no designated beneficiaries.no other UIT accounts held at BNY Mellon. Th The per unit value of the referenced funds on the date of death were as follows: Fund & Trade Date -------- Units Big a Accrued Interest Series I-PA175 1 2oog 05/ 5/ to ~ o ~fl $307.68 ~~22. `l 8 $114.80 $7.06 ~ , ~, . i b $6.10-,___ IMIT83 I-PAoS 05/15/2oog 05/15/2oog Z 15 \ 5 ~ $33.75 ~ ~ (,5' 5 ~ ~,i $304 .$1•zi ~. ~ > ~i..,S g I-PAo7 05/15/2oog /15/ZOOS 0 140 j 3 .6 $225 5 $ .~o I-PAoS 5 ---...,...., .".~., „a~, We trust this information proves helpful. If you have any further questions, please call our Customer Service Department at (800) 856-848. Very tr y rs, ~~ ~ , Todd Sicldes Unit Investment Trust -Customer Service Department - - ~ ~~ :7 A ~~ ~~~ Paul S.. Kann Agreement of Trust ~~ pp THIS AGREEMENT OF TRUST, made and entered into this a~'~ day of ~l~t,~t ~ , 19q~ by and between PAUL S. KANN, of Cumberland County, Pennsylvania, as Grantor, hereinafter referred to as "Grantor", and ERIS J. KANN and PAUL S. K.AI~N as Trustees, hereinafter collectively referred to as "Trustee". WITNESSETH: WHEREAS, Grantor is the owner of certain assets more fully described in Schedule "A", attached hereto and made a part hereof; and WHEREAS, Grantor is desirous of declaring a Trust with respect to Grantor's property and, for this reasons, among others, is desirous of placing the active management and control of such property in the hands of Trustee. NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, it is agreed by and between the parties hereto as follows: ARTICLE I: Grantor, concurrently with or subsequent to the execution of this Agreement of Trust, will transfer and convey to Trustee the assets listed on Schedule "A", _. attached hereto and made a part hereof. which sai assets are ~hereinafCei-~referred to as the "Trust", receipt of which assets hereby is acknowledged by Trustee, and Trustee, in consideration thereof, agrees [o hold and administer said assets and any additions thereto, as Trustee, IN TRUST NEVERTHELESS, for the follotiving uses and purposes: (a) Trustee shall have, hold, manage, invest and reinvest the same, collect the income and pay over the net income in quarterly installments to Grantor during Grantor's lifetime. (b) During the lifetime of Grantor, Trustee shall pay to Grantor such portion or all of the principal of the Trust as such income beneficiary may from time to time request in writing. (c) Trustee may also expend so much of the principal of the Trust as, in its discretion, may be necessary and/or advisable to supplement all income of Grantor in -_ -_ - - --- --- __ __. order to provide support and maintenance, including medical, hospital, nursing and nursing home care for such beneficiary. (d) Upon the death of Grantor, Trustee shall pay over to the Executor of Grantor's estate so much of the principal as shall be required to pay all specific bequests provided in Grantor's Will and inheritance and estate taxes, funeral and administration costs which may be incurred with respect to Grantor's estate. Thereafter, Trustee shall. if Grantor predeceases Grantor's wife, ERIS 7. KAHN, divide the remaining assets, proceeds from or on account of insurance policies received by reason of the death of Grantor, and any other assets .and funds (hereinafter referred to as the "principal") into t~vo (2) parts, each of which shall be held in Trust .and constitute a separate Trust Fund, to be known as "Trust A" and `'Trust B": "Trust A": There shall be placed in "Trust A" that fraction of the total principal of tivhich the numerator shall be a sum equal to the largest amount that can pass free of Federal estate tax by reason of the unified credit and°the stare'death -tax credit (provided-that•the •use~of~this-credit-does not require an increase in state death taxes} allowable to Grantor's estate but no other credit and after taking account of property passing outside of this Agreement of Trust which does not .qualify for the marital or charitable deduction and after taking account of charges to principal that are not allowed as deductions in computing Grantor's Federal estate tax, and of which the denominator shall be the value of the total principal. For purposes of establishing such fraction, the values finally fixed in the Federal estate tax proceeding relating to Grantor's estate shall be used. Grantor recognizes that Pa~,e 2 y ,n the numerator of such fraction may be zero (0), in which case no property shall pass under "Trust A" and that said numerator may be affected by the action of the Executor of Grantor's estate in exercising .certain tax elections. "Trust B": The balance of the principal not placed in "Trust A" shall beplaced in "T_r__ust_B". ARTICLE II: The following provisions shall apply to "Trust A": (a) Trustee shall, if Grantor predeceases Grantor's wife,' ERIS J. K_ANI~i, make the following distributions: i) Trustee shall distribute the sum of FIFTY THOUSAi~'D ($50,000) DOLLARS to Grantor's son, TIMOTHY P. KANN, if he survives Grantor; ii) Trustee shall distribute the sum of FIFTY THOUSA\TD ($0,000) DOLLARS to Grantor's daughter, JANELLE E. EGAN, if she survives Grantor: iii): Trustee shall distribute the sum of TEN THOUSAND ($10,000) DOLLARS to each of Grantor's grandchildren living at the time of Grantor's death; iv) Trustee shall distribute [he sum of FIVE THOUSAND ($x,000) DOLLARS to Grantor's foster child, JANE W. WICKARD, if she survives -I ~l Grantorl~provided that said sum shall not be derived from any real estate J onwed fiy this Trust. ` (b) Trustee shall pay the net income arisin~7 from the remaining principal of this Trust in quarterly installments to Grantor's wife, ERIS J. KANN, during her lifetime. Pale 3 (c) During the lifetime of Grantor's wife, Trustee shall pay to or for the benefit of Grantor's said wife so much of the principal of this Trust as may be necessary, in the sole discretion of Trustee for the proper support, maintenance and medical care of Grantor's wife. (d) Upon the death of Grantor's wife, or if Grantor's said wife should predecease Grantor, then upon Grantor's death, all of the remaining principal of this Trust and any accretions thereto and any accumulations of income not so distributed, and any gift made to a person that is deceased at the time of Grantor's death, shall be divided into two equal parts, one for my son, TIll~10THY P. KAHN, and one for my daughter, JANELLE E. EGAN. Trustee shall pay one of said shares each to TIIvIOTHY P. KAHN and JANELLE E. EGA1N, if living, and if not living, his/her share shall be held as a separate Trust for the issue of each such deceased child, per stirpes. Grantor's issue, for all provisions and Items of this Trust. shall include only Grantor's children, TTMOTHY P. KANN and JANELLE E. EGAN, or their issue. Grantor has specifically not provided for Grantor's son. WILLIAM IVAI~' IL.ANN, because he is otherwise. provided for as a beneficiary of a life insurance Trust Agreement dated November 5, 1976, amended February 27, 1983, wherein Farmers Trust Company and Timothy P. Kann are co-trustees. Grantor does not intend to provide for foster children except to the extent of any specific bequest provided in ITEM II (a) (iv) above. (e) The Trustee shall further divide each Trust established for the benefit of the issue of a deceased child of Grantor into as many equal shares as there are then living children of Grantor's deceased child and then deceased children of Grantor's deceased child represented by then living issue. The Trustee shall hold one such share as a separate Trust for the benefit of each living; grandchild of Grantor, and one such share as a separate Trust for the benefit of the issue of each such deceased grandchild of Grantor, per stirpes. Page 4 (fj In each Trust thus established for a then living grandchild of Grantor, Trustee shall quarterly pay to or for the benefit of such grandchild all of the income and so much of the principal of said Trust, as, in the discretion of Trustee, may be necessary to maintain such grandchild in the proper station in life, including proper support, maintenance, medical care and college or higher education. Upon such grandchild's attaining the age of twenty-five (25) years, the Trustee shall pay to such grandchild one-third (1/3) of the .then principal. Upon such grandchild's attaining the age of thirty (30) years, the Trustee shall pay to such grandchild one-half ('/_) of the then principal. Upon such grandchild's attaining the age of thirty-f ve (35) years, the Trustee shall pay to such grandchild the balance of the then principal. _~~ ~~~`' "~ Upon the death of such grandchild during the continued existence of this Trust, all of the remaining assets in the trust shall continue to be held in Trust• The Trustee shall quarterly pay the net income from said Trust to or for the benefit of the issue of said grandchild, per stirpes, living at each time of quarterly distribution; as soon as any one of said issue attains the age of twenty-one (2 l) years, and in no event later than twenty (20) years following the death of Grantor's Grandchild, Trustee shall pay over all of the then assets in the Trust to the then Iiving issue of Grantor's deceased grandchild, per stirpes. Should such Grandchild of Grantor die before final distribution and not be survived by then living issue, the provisions of subparagraph (g) herein shall obtain. ,, ,;/ /,',~~ft' (g) If at any time before final distribution of the assets of any~of the Trusts ~~ established for issue of Grantor, there are no living beneficiaries of said Trust, the Trust ~- shall terminate, and its assets shall be paid to Grantor's then living issue, per stirpes. Provided, that if there is then in existence any Trusts created under this Agreement for the benefit of such issue, the assets which would have been distributed to such issue shall be added to the principal of such Trusts and shall be held, administered and distributed as provided herein. Page 5 ARTICLE III: The following provisions shall apply to "Trust B": (a) Trustee shall have, hold, manage, invest and reinvest the assets of this Trust, collect the income and beginning at Grantor's death pay over the net income in quarterly installments to Grantor's wife, ERIS J. KAHN, during her lifetime. Trustee __ shall also, from time to time, pay to Grantor's wife such amounts of principal of-this Trust as Trustee deems necessary for the proper support, maintenance and medical care of Grantor's wife. (b) Upon the death of Grantor's wife, Trustee shall pay all accrued income and all income accumulated but undistributed to the estate of Grantor's deceased wife and shall thereafter transfer the then remaining principal of this Trust to "Trust A" to be held, administered and distributed in accordance with the provisions of ARTICLE II (d) of this Agreement of Trust. (c) If Grantor's wife should not survive Grantor, then the provisions of "Trust B" shall be r•oid and the assets which would have constituted "Trust B" shall be added to "Trust A" to be disposed of in accordance with ARTICLE II (d) of this Agreement of Trust. (d) Trustee shall be authorized in Trustee's sole, exclusive and unrestricted discretion to determine whether to elect (under Section 2056(b)(7) of the Internal Revenue Code of ~~T9~86 as amended; -or any~oorre'sp~n~ing°provision~-~of the-°Federal estate law), to qualify all, none or a fraction of "Trust B" for the Federal estate tax marital deduction. The decision of Trustee with respect to the exercise of the election shall be final and conclusive upon all persons whose interests in Grantor's estate or this Agreement of Trust are directly or indirectly affected by the election. Only property which is fully eligible for the marital deduction under Federal estate tax law shall be assi~~ned to this Trust. Notwithstanding anything to the contrary contained in this Agreement of Trust. Trustee of this Trust shall not retain beyond a reasonable time any property which may at any lime be or become unproductive, nor shall they Page 6 invest in unproductive property. Notwithstanding the provisions of subparagraph (b) of this Article, Trustee shall pay to the Executor of Grantor's wife's estate, out of the principal of this Trust upon the death of Grantor's wife, an amount equal to the estate. inheritance, transfer, succession and other death taxes ("death taxes"), Federal, state and other, payable by reason of the inclusion of the value of Trust property in G_r_an_t_o_r's wife's estate. Such payment shall be equal to the amount by which (1) the total of such death taxes paid by Grantor's wife's estate exceeds (2) the total of such death taxes which would have been payable if the value of the Trust property had not been included in her estate. The determination by the Executor of Grantor's wife's estate of the amount payable hereunder shall be final. Grantor directs Trustee to pay such amount promptly upon written request of the Executor of Grantor's wife's estate. The final determination of the amount due hereunder shall be based upon the value as finally determined for Federal estate [ax purposes in Grantor's wife's estate. After payment of the amount finally determined to be due hereunder, Trustee shall be discharged from any further liability with respect to such payment. Grantor's wife may waive her estate's right to payment under [his subparagraph by Will, execute-d after Grantor's death, in which he specifically refers to the right to payment hereunder ~~iven to her estate. ARTICLE IV: No part of the income or principal of the property held under these Trusts shall be subject to attachment, levy or seizure by any creditor, spouse. assn=nee-or--ir-ustee-.or.-recei-~.er_in..bankrup.tc_y_.o.f__any,..bene~~acta~vp~7or to his. pr her actual receipt thereof. Trustee shall pay over the net income and the principal to the parties herein designated, as their interests may appear, without regard to any attempted anticipation. pledging or assignment by any beneficiary under a Trust; and without regard to any claim thereto or attempted levy, attachment; seizure or other process against said beneficiary. ARTICLE V: Thy Trustee shall possess, among others, the following powers: Pa~~e 7 .~ (a) To vary or to retain investments, including the stock of any corporate Trustee named herein, when deemed desirable by Trustee, and to invest in such bonds, stocks, notes, real estate mortgages or securities or in such other property, real or personal as Trustee shall deem wise, without being restricted to so-called "legal investments" and without being limited to any statute or rule of law regarding __~ investments__by_.fiducaries. __ (b) In order to effect a division of the principal of a Trust or for any other purpose, including any final distribution of a Trust, Trustee is authorized to make said divisions or distributions of the personalty and realty, partly or wholly in kind, and to allocate specific assets among beneficiaries and Trusts created hereunder so long as the total market value of any share is not affected by such allocations. Should it appear desirable to partition any real estate, Trustee is authorized to make, join in and consummate partitions of lands, voluntarily or involuntarily, including giving of mutual deeds, recognizances, or other obligations with as wide powers as can be exercised by an individual owner in fee simple. (c) To sell either at public or private sale and upon such terms and conditions as Trustee may deem advantageous to a Trust, any or all real or personal estate or interests therein owned by a Trust severally or in conjunction tivith other persons, and to consummate said sale or sales by sufficient deeds or other instruments to the purchaser or purchasers, conveying a tee simple title, free and clear of all trust andwithout ob1'iga[ion~ or~7iablity otyth~ °~urt=haser~~or"purchasers-~to see -to-thy application of the purchase money, or to make inquiry into the validity of said sale or sales; also, to make. execute, acknowledge and deliver any and all deeds, assignments, options or other writings tivhich may be necessary or desirable in carYying out any of the powers conferred upon Trustee in [his paragraph or elsewhere in this instrument. (d) To mortgage real estate, and to make leases of real estate. extending beyond the term of the Trusts hercunder. Page 8 (e) To borrow money from any party, including Trustee, to pay indebtedness of a Trust and taxes, and to assign and pledge assets of a Trust therefor. Provided, however, that this paragraph shall not authorize borrowing from "Trust B". (t) To pay all costs, taxes, expenses and charges in connection with the - administration of aTrust-including-a-reasonable-compensation to agents. If any estate or inheritance taxes are payable from assets received by Trustee, such taxes shall be paid from the assets constituting "Trust A". (g) In the discretion of Trustee, to unite with other owners of similar property in carrying out any plans for the reorganization of any corporation or company whose securities form a part of a Trust. (h) To vote any shares of stock which form a part of a Trust. (I) To assign to and hold in trust an undivided portion of any asset. (j) To do all other acts in its judgment deemed necessary or desirable for the proper and advantageous management, investment and distribution of the Trusts. ARTICLE VI: `Should Grantor's wife, ERIS J. KANN by Last Will and Testament or Agreement of"Trust, establish`Trusts~sim~ifiar-to~the-Trusts-herein °established for the benefit of Grantor's issue, Trustee of each of said Trusts created in this Agreement shall have the right of mer~~ing it with the similar Trust for the same beneficiaries created by Grantor's wife and operatin~~ each of said merged Tnists as a single Trust. ARTICLE VII: Whenever and as often as any beneficiary hereunder, to whom payments of income or principal are herein directed to be made, shall be under legal disability, or in the sole judgment of Trustee, shall otherwise be unable to appl}~ such Page 9 payments to his own or her own best interests and advantages, Trustee may make all or any portion of such payments in any one or more of the following ways: (a) Directly to such beneficiary; (b) To the Legal Guardian-or Conservator of such-beneficiary; - (c) To the Trustee, or to another person selected by the Trustee, as custodian under the Pennsylvania Uniform Transfers to Minors Act as to a beneficiary under the age of twenty-one (21) years; (d) To a relative of such beneficiary, to be expended by such relative for the benefit of such beneficiary; or (e) By itself expending same for the benefit of said beneficiary. This provision shall not apply to "Trust B". ARTICLE VIII: Any person, other than Grantor's wife, who shall have died at the same time as Grantor, or under such circumstances that the order of deaths cannot be established by proof, or within thirty (30) days of Grantor's death, shall be deemed to have predeceased her. If Grantor's wife dies at the same time as Grantor, or under such circumstances that the order of deaths cannot be established by proof, Grantor's wife shall be deemed to have survived him. Any person (other than Grantor) who shall have died at the same time as any then recipient of income or under such circumstances that the order of deaths cannot be established by proof, shall be deemed to have predeceased such beneficiary. ARTICLE IX: Upon the death of the survivor of Trustees, or in the event of theiz~ inability or refusal to serve as Trustee, TIMOTHY J. KANN shall serve as successor Trustee. In the event of his death or the inability or refusal to serve as Trustee, JANELLE E. EGAN shall serve as Trustee. In the event of her death or the inability or refusal to serve as Trustee, FARMERS TRUST COMPANY shall serve as Trustee. Page 10 IN WITNESS WHEREOF, PAUL S. KANN has hereunto offered his hand and seal as Grantor and PAUL S. KANN and ERIS J. KANN has offered their hands and seals as Trustee all on the day and year first above written. GRANTOR: ~~'/~-~~ ~~ ~if~l/yl.~ (SEAL) ~~ v ~ ~ PAUL S. KANN fitness TRUSTEE: ~ i _~ I ~ ., ~ ~l ~ i~"2~ ~~ ~~ y~~'.~,, •~»~ (SEAL) ~~' ~ PAUL S. KANN ess -, ~ / l ~ /~ 1 l ~ T-,...,~ ,->:• (SEAL) l -: ~ • ~`-~ ~~ - ss ERIS J. KANN Pale 11 r° Sch G_~ ~/f~/~9 e~~ Paul S. Kann Trust Balance On Hand Inventory Value Cash and Cash Equivalents Keystone Financial Interest Program. $ 651.04 Keystone Prime Fund Capital Reserves 42,645.83 Total Cash and Cash Equivalents $ No. of Shares Stocks 371.41 Vanguard Energy Inv $ 18,147.09 176.99 Vanguard Health Care Inv 17,421.22 Total Stocks Par Value Bonds, Debentures & T-Bills 000 10 Caterpillar Finl Corp Pwrntsbe , 5.000% $ 9,336.10 10,000 Chester Cnty PA Health & Ed FRCS 10,007.00 31,612.02 Delaware Tax Free Pennsylvania A 241,199.68 000 5 Hampton Twp PA G.O. Bds Ser , 2002A (2) 5,009.65 000 15 Hampton Twp PA G.O. Bds Ser , 2002A (1) 16,499.70 10,000 Montgomery Cnty PA Indl Dev Auth 7,507.20 2,950 Nuveen PA Invt Quality Mun F Com 34,544.50 000 10 Pennsylvania St HigheT• Edl Facs , Trustees Univ PA 10,015.50 25,000 Pennsylvania St Higher Ed1 Facs 414.00 27 Temple Univ , 000 20 Philadelphia Pa Gas Wlcs Rev Third , Sers 21,802.00 43,296.87 $ 35.568.31 ~~ of Balance On Hand (Continued) Inventory Value Par Value Bonds, Debentures & T-Bills 5,000 Pittsburgh Allegheny Cnty PA Pub and Auth Excise Tax Rev Hotel -Room -_- -- __ _$ 4;803.00 15,000 Plum. Boro Pa Sch Dist Go Bds 14,330.25 25,000 Slm Corp Ednotes Book Entry 5,340.00 520.03 12 The Tax-Exempt Bond Fund of , America 145,482.73 25,000 Union Cnty Pa Hosp Auth 17,495.00 526.72 3 Vanguard Long-Term Tax-Exempt , Fund 37,771.19 Total Bonds, Debentures & T-Bills No. of Shares Mutual Funds 1,943.34 Smith Barney -Legg Mason Opportunity Trust ~ 1,852.8 Smith Barney -Legg Mason Value Trust Fd CL C Total Mutual Funds Miscellaneous . John Hancock Life Insurance Policy #17419-20001-30022768 $ Total Miscellaneous Real Property 11,815.56 51,007.77 160,362.60 $ 608.557.50 $ 62,823.33 $ 160.362.60 ~,, Balance On Hand (Continued) Real Property Approximately 69.85 acres of farm real estate in Middlesex Township, -Cumberland C-ounty;-PA; having--the following tax parcel numbers: 21-07-0465-011 and 21-07-0465-006, and being further described in Deed Book 136, Page 1'39, Deed Book 137, Page 931, and Deed Book 136, Page 144. $ Total Real Property Total Balance on Hand Inventory Value 1,800,000.00 $ 1.800,000.00 $ 2,710.608.61 __ _~._ Holdings by_ Investor _ ....--- -- --._.......----..........---- - - Paul SEris JKann Steven Zeigler Combined Account PorttoUo 23 Handel Loap Keystone Financial Management Oate: 05115/2009 Carlisle, PA 17015 4909 Louise Or, Ste 104 Created: 10lOti/2009 Mechanicsburg, PA 17055 717-887-7333 Paul S .Eris. J Kann _ - Acct Name;PAUL 5.8r ERIS J KANN TTEE PAUL S KANN AGREEMENT OF TRUST U/A 7121195 FBO PAUL S KANN 23 HENDEL LOOP CARLISLE PA 17015 AcctTypetTrust -Under Agreement Acct No:JH1545449 Rep No KYQ .... .. <• t,:~l`.~~e „ iY"'aaet;iy-pe :~- - ... ~ * ~ 8L'!..._ r~tt~ i, : ew~•s+q~1+' rd- ~xx,~. ...~ Quantl,ir~,.. . Prfae(i) ~ . :~ --.Val usi3)' - ,':' ~ ~t.y i~BBat ~tltB ~~ ., t :~sf ,.E,~~ :, . . . +.~ .. , 000.00 10 0.93 9,396.10 CATERPILLAR FINL CORP BONDS , PWRNTSBE b.000% O7M6/2018 CALL _ V ED YS R ~ BONDS 10,000.00 1.00 10,007.00 E AUTH HHEAT-TH S FACS ,JEFFERSON HLTH SYS B 5.375°k 05116/27. B/E OELIX -BONDS DELAWARE 31,612.02 7.63 241,199.88 DEU-WARETAX FREE INVESTMENTS PENNSYLVANIA A BONDS 15,000.00 1.10 18,499.70 HAMPTON TWP PA G.0 BDS SER. 2002A 05.00000% 02101!2025 000.00 5 1.00 5.008.85 HAMPTONTWP PA G.O BDS.SER. BONDS , 2002A 05,00000% 02!0112025 851.04 1.00 851.04 INTEREST PROGRAM CASH GO AA O ~ PCMM N E BONDS 10,000.00 0.75 7.507.20 TM a R~R Y T EMEM REVACTS RETIREMENT 5.250% 11116/28 B/E NUVEEN PA INVT ~UALiTY MUN F NOP BONDS 2,950.00 11.71 34,544.50 COM PENNSYLVANIA ST HIGHER EDL BONDS 25,000.00 1.10 27,414.00 FACS ALiTHREV RFDG-TEMPLE UNIV-FIRST SER 5.000% 07/15131 B/E ES T G TRU V R L V A BONDS 10,000.00 1.00 10.015.50 E S FD RE T H FgCS AU UNIV PA-SER C 4.500% 07/16!30 BIE PHILADELPHIA PA GAS WKS REV BONDS 20,000.00 1.09 21,802.00 THIRD SE'RS 5.125'16 06/01!31 BIEDTD 08101/01 PRF D00,00 5 0.98 4,803.00 PIrfSBURGH ALLEGHENYCNTY PA BONDS , PUB AUD AUTHEXCI SE TAX REV HOTEL ROOM 5.126% 02101!35 B1E PLUM BORO PA SCH DIST GO BDS BONDS 15,000.00 0.96 14,330.25 S£R. 04.50000% 09115/2027 2005 A FIDELITY 42,845.83 1.00 42,645.83 PRIME FUND CAPITAL RESERVES FPRXX CASH FUNDS CLASS SLM CORP EDNOTES BOOK ENTRY BONDS 25,000.00 0.21 5,340.00 5.750% 031i5/2029CALL HE TAX-EXEMPT BOND FUND OF AFTER BONDS AMERICAN DS 12,520.03 11.82 145,482.73 T AMERICA-A UNION CNTY PA HOSP AUTH HOSP BONDS FUN 25,000.00 0.70 17,495.00 REV HOSP 05.00000% 081012034 D04 EUCAL CMNTY R S 2 £ HOSP s b Inves or._ .. Holding _ y . .__. ..._._ ........ __ _ - -- -_ __. _. _ Combined Account Portfolio Paul S Eris J Kann Steven Zeigler stone Financial Management Ke l 23 Mendel Loop y 4909 Louise Dr,°Ste 104 0/08/2009 C eated: Carlisle, PA 17015 Mechanicsburg, PA 17055 717-697-7333 .. ,,~ M tr Nanie`~ 'Ase~t~`y 'rlolw ~ K r G~antityd k ~ jlt3rio~(5) a~rcv ,.~~•+~.~ f . t.~..,~ ....,. 5~ ° ~ Vslue •S); ~t ~.: . ...~i:. ;;~ASOetN011fe ,.. •• -`=~ ""~ n , ......ai~ .. .',~dktlsex.ar.:.....,.,.atMYH1 r?.r :; .... .. VANGUARD , , . . .. -- 371.41 48 66 ' 1t31A7 09 -VANGUARD ENERGY INV -- .. --VGENX- US STOC -- FUNDS VANGUARD HEALTH CARE INV VANGUARD VOHCX US .STOCKS FUNDS 176.99 98.43 17,421.22 VANGUARD LONG-TERM TAX- VWLTX BONDS VANGUARD FUNDS' 3,526.72 10.71 37,771.19 EXEMPT"FUND Account Total: $687,422.89 S KANN TRUST 23 HENOEL LOOP CARLISLE PA 17015 US Acct NamecTHE PAUL AcctType•No n-Qualified Acct No:5130022788 00 S0 AcoountTotaL . . ------~---°'"-'-_~ ~ _ - -~ .. InvestorTotal: E887,422.89 -------~---~-~ - ~ Pnnw 9n13 Holdings by investor - - --~ - Paul SEris)Kenn Steven Zeigler Combined Account Portfolio 23 Handel Loop Keystone Financial Management Date: 0511b/2D09 Carlisle; PA 17015 4909 louise,Dr,'Ste 104 Created:l0/0612009 Mechanicsburg, PA 17055 717697--7333 Disatosure; --- -- _ _- Securitiesend Investment Advisory Services oNered through Signator Investors, Inc. , member FINRA (y+ww,FINRA.org), SIPC iwww.S PC,org a Rflgialered Irrvesirrrent Advlsor,197 Clarendon Street, Boston, MA"02117. Ufa insurance products end rannulliea are Issued by: John Hancock Life Ihsuranc~'"Company (~.S~A•)~ Boston; MA 02118(not Ucensed In-New York) end John:Hancock Life Insurance Company of New York,Valhalla' NY 10395.. Long-term oars Insurance is underwritten.. by John Hancock Life. Insuacnce Company, Boston, MA, 02117, end in New York, John liencook LUe and Heatih Insurence Compatry, Boston MA. 02117. Securltles and7nvestmenCAdvlsory Services offered throu0h Slghator Investors, Inc. , MemberflNRA(www.FINRA.org), SIPC (www.SiPC.org) aRegistered invesimeni-Advisor, Boston, MA (1-800-b43-6611), California Insurance License tE 01389138 All=values and/or policy information posted on this elatemenNwebsile areprovlded!Ihrouph electronic feeds from one of,the John Hancock Life Insurance Companies andlor third party manufadurere ("Sponsors'. or "Issuers") of the fmancisifmsurence produds you have purchased and are.the values as of 08!1512009. We believe the Mformatlon and its sources to-be reliable; howe~r, the accuracy and completeness of the Information Is not guaranteed and may not include recent pdiq+ changes or daim actlvgy. You should always chedk the values polled here against tits values'tleied for the same valuation date to statements or pc~y Ulustraitons provided to you directly from the Sponsor or issuer. In the event of arty discrepancy regarding securities or advisory services. the Sponsor's or issuer's valuation shall prevail. In the event of any discrepancy regarding life. insurance or bng term care policy Information, the John Hancock Lite Insurance Comparry's policy information shall prevail. Performance data quoted represents past performance end does not guarantee future results. The Investment return and principal of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. The values represented in this report may not rafted the true original wst of the client's initial investment. In addition, the values re8ecl the valuation of the investments "es of" a certain dale and may not represent the value of that particular investment on any date before or after the "as oP date due to market fiuduetions. For cost basis inform~lton: Information concerning cost basis has been provided by you. Signator is not responsible for its accuracy. In addition, the cost basis information provided here does not substitute for your own tax records and may not be accurate for tax reporting purposes.lf you have any questions about your Individual tax situation, please consult your tax advisor. For fee-based accounts only: The figures may or may not reflect the deduction of investment advisory or fee-based brokerage fees. If the irnestment is being managed through else-based account or agreement, the returns may be reduced by those applicable advisory or lee-based brokerage fees. The Information contained In these reports is collected from sources believed to be reliable. However, you should always rely on values kronteined on siatements received directly by you from product Sponsors. If you have arty questions regarding your report, please call your representative. ~~ ~~ smith Barney Paul S Kann Ttee Paul S Kann Rev Trust Dtd 7/21/95 23 Hendel Loop Carlisle PA T7015-7666 Balances As of 05/ 15/2009 Prepared by Charles McKain/David Metz Acct No. 73H-00556-11 717 258 4363 Mazket Value % Of Assets** Mutual Funds $62,823.33 100.00% _ -- __ _ _-100:00% _- ____ -_ -___--- - ------ -Total Accounf~a~ue __- - ~62;82~~3" ____ ** % of Assets reflects account balances as a percentage of long position & cash rounded to the nearest hundredth. As a result flee total may not equal 100%. Independent, third-party research on certain companies covered by the firm's research is available to clients of the firm ai no cost. Clients can access this research at www.smithbarney.com or can call 1-866-836-9542 to request that a copy of this research Ue sent to them, Investment and insurance products: Not FDIC insured •No bank guarantee •Not insured by any federal government avPncv •Not a bank deposit •May lose value R h Rating Investment Research's ratings are displayed withrn the eseazc in Page I of 4 '~.T ~ F smith Barney Holdings As of 05/15/2009 Prepared by Charles McKain/David Metz .~ nr_n n4Q2 Paul S Kann Ttee Paul S Kann 12ev TYust Dtd 7/21/95 23 Hendel Loop Carlisle PA 17015-7666 Acct No. 73H-00556-11 ~ 1 ~ """ -"""' ltesearcn ~~~ Price Market Value quantity Symbol/CUSIP Description 1;852.'80 LMVI'X LEGG MASON VALUE TRUST FD CL C - $27.58 $51,007.77 __ ___ 6.08 _ _ _1T;8T5:56 L~G~ MASaN 0P15ORTUNITY-TRUST__ _ - - 1, 943.34 LMOPX Total Account Value $62,823:33 Page 2 of 4 wp 1'._ ~~ smith Barney Paul S Kann Ttee Paul S Kann Rev Trust Dtd 7/21 /95 23 Hendel Loop Carlisle PA 17015-7666 Holdings by Asset Class As of 05/15/2009 Prepared by Charles McKain/David Metz Acct No. 73H-00556-11 717 258 4363 Alternative Investments 18.8% EQuities 81.2°Yo Long Positions and Cash Page 3 of 4 The above summary/prices/quotes/statistics have been obtained from sources believed reliable but are not necessarily complete and cannot be guaranteed. The information. contained in monthly accountstatemoses,and confirmations reflects all transactions processed by Smith Barney, and as such supersedes.all other reports for financial and tax pure © 2009 Citigroup Global Markets Inc. Member SIPC. Smith Barneyls a division and service marls of CiUgroup Global Markets Inc, and its affWates and is usaee ~ Brand registered throughoutvthe word Citigroup Global M kets nc.aand Citibank are affiliatedkcompanies under thed its affiliates, and common control of Citigroup Inc. Page 4 of 4 John Hancock LifeJnsurance-Company ., John Hancock/USVVM-Fixed Products S-8-01 Post:Office Box 111 Boston MA 02117 Fax: (6.17) 572-0354 Note: Please incltade.a copy of this letter with all correspondence. September 24, 2009 THE PAUL S KANN TRUST C/0 ERIS J'KANN 23 HENDEL LOOP CARLISLE PA 17015 RE: Paul S. Kann ID NUMBER: 17419 - 20001 - 30022768 _ Dear Mrs. Kann: Under the terms of our annuity contract with Paul S. Kann, there was a one sum death .benefit payable upon his death in the amount of $160,362.60. In addition, taking into account the above death benefit, there is a remaining investment in the contract in the amount of $24,780.48.which is allowed as a deduction to the annuitant for his last taxable year. This information should be given to the person or persons who will be handling the estate of Paul S. Kann, and will be filing her/his tax returns for 2009. If you have any questions, of if we can be of any further assistance to you, please do not hesitate to contact us at the address above or call our Toll-Free Customer Service Line at 1(800)624-5155. Si ly, /~ Tel.: (617)572-1679 Pension Analyst ~. ~. Complete Appraisal Report Of An 69.85 Acre Farm Located At: __ _ __ _ __-121~Country-Club Road _ _ MiddlesexTownship, Cumberland Count3~, PA Prepared For Paul S. Kann and Eris J. Kann Trust PREPARED BY ALLEN R.PEFFER REAL ESTATE APPRAISAL SERVICES 829 MEADOW LANE, CAMP HILL, PA 17011 Effective Date: February 28, 2008 ~tLL~~ ~. PE~~~ Real Estate Appraisal Services March 10, 2008 Timothy Kann 456 Rich Valley Road Mechanicsburg, PA RE: Paul S. Kann Farm 121 Country Cdub Road Middlesex Township Cumberland County, PA Timothy Kann: At your request, I have completed a complete self-contained appraisal report on the above referenced property. The subject property is located at 121 Country Club Road, Middlesex Township, Cumberland County, PA. The subject property is a farm consisting of two tracts totaling 69.85 acres with improvements consisting of a two-story stone dwelling, bank barn with several other outbuildings. The physical characteristics, zoning and location of the subject property suggest single family residential development would be anticipated and conforming to the trends in the neighborhood. The purpose of this appraisal is to estimate the market value of the subject property in its "as is" condition as of February 28, 2008, which is the date of inspection. The property rights being appraised are those associated with the fee simple interest in the subject property. This report has been prepared in accordance with the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation, and the Code of Ethics and Standards of Professional Practice of the Appraisal Institute. The report conforms with the regulations of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA). Based on my inspection of the subject property, the investigation and analysis undertaken, and subject to the "Underlying Assumptions and Limiting Conditions" as set forth in this report, it is my opinion that the fee simple market value of the subject property in its "as-is" condition, as of February 28, 2008, is: ***ONE MILLIONNINE HUNDRED THOUSA11rD DOLLARS*** ($1,900,000) Cf tnc.~ ~f~i,c a~~ra~ saL wa ~ CvrxP/~ ~~c% /1oc~/ eJ ~`-~ n1/a ~J' /(aj'L° ~k~J'~~7 t~crraJet/. ~~rrtn~ ~if77R-9 7hcC Tom' / ,/ 7/-vptr ~f/ rs ~ l ~ 0~ ~ 00. Mr. Timothy Kann March 10, 2008 Page -2 We ,have .assumed that there are no hidden or undisclosed conditions of the land or of the improvements, which would render the property more or less valuable. Furthermore, we have conducted no review of environmental related matters and assume the absence of asbestos, radon and_ any other -- - --- environmentally hazardous or ssensitive :materials or deposits on the property. We have not conducted a review relating to the compliance of the property with. he American with 'Disabilities Act (ADA) or state and local laws or building codes as they may pertain to'the property. This appraisal was prepared by Allen R. Peffer, Real Estate AppraisaLServices for the exclusive use of the Paul. S. Kann and Eris J. -Kann Trust. The information and opinions contained in this appraisal set forth the appraiser's best judgment in light of the information available at the time of the preparation of this report. Any use of this appraisal by another person or entity, or any .reliance or decisions based on this appraisal are the sole responsibility and at the sole risk of the third party. Allen R. Peffer, Real Estate Appraisal Services accepts no responsibility for damages suffered by any third party as a result of the reliance on or decisions made or actions taken based on this report. Our compensation is in no way contingent upon the value estimate and we will be available to discuss the findings contained within the report with the respective parties at your request and convenience. Respectfully submitted, Allen R. Peffer Pa. Certified General Real Estate Appraiser No. Ga 001646-L 121 .COUNTRY CLUB ROAD ~ REAL ESTATE APPRAISAL REPORT REAL, ESTATE APPRAISAL REPORT SUM1V1.4RI' Property Type: Farmland Propert)~ Owner: Paul S. Kann and Eris J. Kann Location: 121 Country Club Road Middlesex Township Cumberland County, PA Tax Map Parcel Number: 21-07-0465-011 (16.16 Acres) 21-0~=0463-006 (53.69 Acres) Effective Date of Value Estimate: Date of the Report: PropertJ~ Rights Appraised: Site Size: Improvements Description: Competitive Position: February 28, 2008, (Inspection Date) February 28, 2008 Fee Simple The property consists of two separate tax map parcels containing 16.16 and 53.69 acres or 69.85 total acres. The site is improved with one 2-story single- family stone dwelling, bank barn with attached milking house, milking parlor and pole shed, plus seven (7) other outbuildings. There is strong residential demand with continuing pressure. Residential growth has been pushing west from Harrisburg throughout Cumberland County towards Franklin County and southward into York and Adams Counties. Residential development pressures typically have followed the course of public water and sewer throughout Cumberland County. Zoning: (RF), Residential Farm (R-C, Residential Country (UDA), Unified Development Area Overlay District Highest 8 Best Use of the Site: Residential development Final Value OUi.nion Marlcet Value Propertt~ Ri~lzts $1,900,000 Fee Simple Sales Comparison Approach (69.85 Acres): PEEPER APPRAISAL SERVICES ~ 1 Allen RPeffer -Professional Qualifications Exile' Allen R. Peffer has been engaged in the valuation and consultation profession since 1992. He specializes in commercial and industrial real estate valuation and analysis. Appraisal assignments have included those required for fmancing, tax .assessment appeals, asset management, acquisitions, litigation support, bankruptcies, bank work-outs, estate .planning, highest and best _- __ use~analysis and-eminent-da7n~an-p~o~eeziir~gs. - -- Mr. Peffer is a native of Carlisle, Pennsylvania, and a graduate of Boiling Spring High School. Mr. Peffer. attended Auburn University-,-,Alabama; -where he completed a degree in Animal Science. Mr. Peffer was raised on a farm and still operates one of the family owned farms consisting of 120 acres. Mr. Peffer is a licensed real estate "Broker" and "Certified General Appraiser" for the Commonwealth of Pennsylvania. Mr. Peffer was a member of the Auburn University Track & Field team receiving All American and All-SEC honors in 1977 and 1978. Mr. Peffer established two new school records in the 800 meter indoor and 800 meter outdoor events, and was part of four (4) relay school records. Allen was a member of the nationally known "Florida Track Club", competing on a national level and internationally until 1988. Mr. Peffer qualified for the 1980 (boycott year) U.S. Olympic Track & Field Trials, in the 800 meter event. Mr. Peffer continues to compete at the Masters level, competing at the 2007 World Championship in Riccione, Italy reaching the semi-finals in the 800 meters. Stuart Derrick Real Estate, Camp Hill, Pennsylvania (1984 - .85). Mr. Peffer worked as a licensed residential real estate agent covering the Central Pennsylvania area. Jack Gaughen Real Estate, Camp Hill, Pennsylvania (1985 - 1992). Mr. Peffer worked in a broader capacity as a real estate sales agent including single family and multi-family residential property sales, commercial and farms. Mr. Peffer was a member of the Jack Gaughen Realtor's "Million Dollar Sales Club". Joseph J McGraw, Inc.,. Lemoyne, Pennsylvania (1992 - 1999). Mr. Peffer worked as an assistant appraiser preparing real estate appraisal reports on commercial, industrial, residential subdivision, office subdivision, special purpose properties, tax assessment, apartments and farm properties. The geographical area covered South Central Pennsylvania, including Cumberland County, Dauphin County, Perry County, Lebanon County, Lancaster County, York County, Adams County and Franklin County. Other areas included Snyder County, Northumberland County and Mifflin County. During this period serving as an expert witness before the Cumberland and Dauphin County Assessment Appeal Boards. L.G. Connor Real Estate Appraisers, Ltd., Camp Hill, Pemisylvania (1999 - 2001). Mr. Peffer worked as an appraiser preparing real estate appraisal reports on commercial, industrial, special purpose properties, tax assessment, apartments and farm properties. The geographical area covered South Central Pennsylvania, including Cumberland County, Dauphin County, Lebanon County and York County. Mr. Peffer served as an expert witness before the Cumberland and Dauphin County Assessment Appeal Boards. A..11en R Peffer Professional Qualifications ~~onr Peffer Real Estate Services, Carlisle, Pennsylvania (2003 to present).. Mr. `Peffer is currently specializing in commercial real estate valuation and ana lyeals ac~uis tionsa righ~tmto-way and included those required-:for bank financing,. tax assessment pp ~ q estate planning. Appraisal reports included ,commercial, retail, industrial, manufacturing, farms, residential subdivision, residential apartments, equine facility, thoroughbred race track and stables, fast_food^restaurants, taverns,-research maroiallopsubdivi~sionDmobile home parkl-.and industrial land to name a few. Noone & Associates, Mechanicsburg, pextzzs_y_lyania.(20.0l to present). Mr. Peffer also currently works for a regional appraisal company specializing in commercial`real estate evaluation and analysis. Certi._ f_ ica.-n°-ns 1999 -Pennsylvania State Certified General Appraiser, CertificationNumber GA-001646-L, (Expires: June 30, 2009) 1990 -Pennsylvania Real Estate Broker Broker License Number AB-051522-L (Currently in Escrow) Education (Real Estate Appraising) Fundamentals of Real Estate Appraisal Real Estate Appraisal Principles (lA-1) Appraisal of Income Producing Properties P.A. Assessment Law and Procedures Partial Interest Valuation -Divided Dynamics of Office Building Valuation Retail Valuation Rates and Ratios (Overview of Value Determination and Income Capitalization Approach Mode s Land Valuation and Development Hotel Appraisal Issues on the East Coast Real Estate Property Management Propel es Appraised Professional Offices Medical Offices Retail Stores Neighborhood Shopping Center Residential Subdivisions Distribution Warehouse Industrial Flex Manufacturing Facilities Research & Development Dairy/Beef Farms ' Apple Orchards Poultry Farm Swine Confinement Facility Church Tavern bar Food Manufacturing (Hershey Foods) Apartments Mobile Home Parks Private Schools Regional Library (New Construction) Mini-Storage Facilities Auto Dealerships Industrial Land Office Park Fast Food Restaurants Dinar-house Restaurants Thoroughbred Race Track & Stables (Pem~ National ~ Pocono Downs) Equine Facility _ Mote] Right-of--ways/Easements Auto-Parts Store Community Theater (l~ershey Community Theater)