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Home My WebLink About02-08-10 J 15056051058 REV-1500 a (~) DFPICCIAL IpE GNLY R. o.p.rrwr d Rover. po~eox ~ Tea. INHERITANCE TAX RETURN ~ coos w. ~ h Nntkeua R117128-0E01 RESIDENT DECEDENT 21 09 0781 ENTER DECEDENT MFORMATION BELOW Soekl Secrrky Nunbsr Dace d D~th Date d Birth 138-56-6542 08/08/2009 09/02/1958 Decedent's Last Nsma Surtbc Decedents First Nsme MI PasieY Carol (M AvP) Er+br 3rwhMiP y NdormiNon asbw Spouse's feat None Bollix 3pouee'a First Nwns MI MeddelOlli 0 ,IOC ~'} Spouse's Social SsaeMy Number C o ~ ~ 190-48-3773 ~ ~~ MUST BE F~® IN DUPLICATE WITH n REGISTER OF WILLS ~- ~ W FILL M4 APPROPRIATE OVALS BELOW ! fJJ ~ ~ •7 1. OripYrd Rslum ~_, 2. Suppbnrntal Reban _. 3. RarnakrdsrR ~ddsq~ 3 pdor b 12-1 -~ C;~J 4. LNNIed Eab6a -::.: 4e. Fuhae bdasst COrtrprornbe (dab d ,. 5. Fedafd Eab1Wm Ra~bd dsaih after 12-12-02) D ~ 8. Dacidark Died Tesbb ~_: ~ 7. Dsoadird MdnbYrd a l.ivbrg That 8. Total Number d 3ifs Deposit Yeres (Atlech Copy d will) (Atbdr Copy d That) ~~_~ 9. Procesda RaceNsd ... ~ 10. Spaced Poverty Credit (dab d loth _ _ > 11. Ebdbn b tix under Sac, 9113(A) bstrrsan 121-91 and 1-1-98) (Atbch 3ch. O) CORREaFONOENT - flIN t16CTIDM itY6T lE COIIPLFTEp. ALL f:OME8P01W61CE Alb CDIfFDEMrIAL TAX ~OIIYATgN ti1101M 1E DINECT~ T0: Name Daytlrns T Number o Matthew D. GHbert, Esq (610) 52 ° ; Firm Neme (M AppYcabb) _ _.. ~ ....~ ; r ... Fromhold JatFe d~ Adams REGIS NLY C;^. ; I ;~, ~~ -['~ ~ ''~ 1=e'~ r,'~'„~ ~~ ~7 _~ i:.i ~ G -~` ~~ r`; -n .~ -n <= r'7 f`-" CT7 r- c.,O 1 First Ikre of address ~ v' ~ ... ~: C-.'~ Suit 220 ~ .:~.. ~~. Second Nne d address ~7 :: ~ 789 E. Lancaster Avenue o„ r l:Ny or Past 018os State ZIP Coda _ ..DATE TILED . ....... ..... VHlartova PA 19085 CorresponderA'a a~rmY address: lA+dsr parraNaa d pa¢ax 1 dads art I hays s~drrd 9rir raaarti irrjdiry aocornparryip aahaddsa and atatrnarra, and b M beat d my laawlad9a and bake!, k b wa. coned aM oonpbts. Dadaral6n d Praparar atlrr M ors Peaanal ragaawrbara ie bwd an at irdornWbn d which Prepare has any lorywdas. SIOeMTIIRE OF PER80wl RESPONSlLE FOR FR.Ihlti RETURN DATE Caissons Court, Enola, PA 17025 SNifIL-TIIREAiPA RTHANREPREapO•ATNE DATE ADDRESS 5 20t 0 Matthew D. GHbert, Esquire - ViHanova Center -Suite 220, 789 E. Lancaster Ave., ViHanova, PA 19085 lLBAB! Ytt! ORIYMiAL t•OIW ONLY 1 505605 1 058 tilde 1 L 15056051058 i J 15056052059 REV-1500 EX o.r"a~,. ~~: Carol RECAPfTU1,.ATX)N Pasley Decedent's Sodal SewrHy Number 138-56-6542 1. Real estate (Schedub A) ........................................... .. L NOfte 2. Stoda and 8onda (Sehedub e) ..................................... .. z. 129.519.64 3. Ckrsely Hekl Corporatbn, Partnership or Sole-Proprbtorship (Schedub C) ... .. 3. None ', 4. Mortgages d Notes Receivable (Sehedub D) ........................... .. 4. NOne 5. Cash, Bank Oepoaits & Miacelbneous Personal Properly (Schedule E) ...... .. 5. 20,155.00 8. Jointly Owned Properly (Schedule F) c:.:..>~ Separate Billirp Requested ..... .. 8. 2,332.50 7. Inter-Ywos Transfers 8 Miscelbneous Non-Probate Properly (Schedule G) ~.~.._= Separate Billing Requested...... .. 7. 203,033.38 e. Thal Drop Assets (total Lines 1-7) .................................. .. e. 355,040.52 9. Funeral Expenses ~ Administrative Costs (Schedule H) ................... .. 9. 13,933.67 10. Debts of Decedent, Mortgage Lbbllitles, 6 Liens (schedule I) ............... . 10. 55,254.33 11. Total Dsduetlone (total Linea 9 6 10) .................................. . 11. tS9, ~ 88.00 12. Net Vatw of Eshb (Line 8 minus Llne 11) ............................. . 12. 285,852.52 13. Charitabb and Govemmsntal Bequesta/Sec 9113 Trusb for whkh _ . . . an ebctlon to tax has rat been made (Schedub J) ....................... . 13. 0.00 14. Net Vslw 8ubjsct to Tax (Line 12 minus Line 13) ....................... . 14. 285,852.52 _.._..._.___.__ TAX COMPUTATION -SEE IN8TRUCTIONB FOR APPLICABLE RATER ..~--._......_._._..._._._. ..__.V _.. ,____.,_~_.__.. 15. Amount of Line 14 taxabb at the spouesl tax rate, or transfers under Sac. 9118 _ _ (ax1.z) x .oQ 282,770.02 15. 0.00 18. Amount of Line 14 taxabb .. at tlneal rate x .0 45 3,082.50 18, 138.71 17. Amount of Line 14 taxabb at sibling rate X .12 0.00 17. 0.00 18. Amount of Line 14 taxabb at collateral rate x .15 0.00 19. 0.00 19. TAX DUE ........................... ........................... ... 19., 138.71 , 20. flLL IN THE OVAL IF YOU ARE REQUE8TIN0 A REFUND OF AN OVERPAYMENT L_ 15056052059 Side 2 fi~~./ 15056052059 REV-1500 EX Pepe 3 Decedent's Complete Address: Fih NweM- 21 09 0781 DECED S NAME DECEDENTS SOCIAL SECURITY NUMBER Carol Pasley 13&56-6542 STREETADDRESS 4044 Caissons Court CITY Enola STATE PA LP 17075 Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) (1) 138.71 2. CreditelPaymenb A. Spousal Poverty Credit B. Prior Payments 0.00 C. Discount Total Credits (A + B + C) (2) 0.00 3. InteresVPenally if applicable D. Interest E. PenaNy Total InteresUPenelry (D + E) (3) 0.00 4. If Line 21s greeter then Llne 1 + Line 3, enter the dKfererrce, This h the OVERPAYMENT. Fill In owl on Pape 2, Line 20 to request a rotund. (4) 5. ff Line 1 + Line 3 is greater than Lins 2, enter the diReronce. Thb b the TAX DUE. (5) 138.71 A. Enter the interest on the tax due. (5p) B. Enter the 6otal of Line 5 + 5A. This is the BALANCE DUE (5B) 138.71 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Dld decedent make a transfer and: Yes No a. rolain the use or intone of the properly transferred :.......................................................................................... ^ b. rekdn the ripM to deaigrreb who shell use the Properly trarrohrred or its income : ............................................ ^ c. -etain a reversionary interest; or .......................................................................................................................... ^ d. reoeirre the promise for life of either payment, benefih or caro7 ...................................................................... ^ 2. ff death occurred alter December 12,1982, did decedent transfer property within one year of death witlaut receivirg adequate consideratlon7 .................................................. ....... ^ ..................................................... 3. Did decedent own an 'in trust for ar payable upon death bank accent or security at his ar Iter death9 .............. ^ 4. Did decederd own an IndlNdual Retlremerd Account, annuity, or other non-probate properly which wntakra a Gerlellaery deeignationT .................................................................................... ^rt ^ .................................... IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE R AS PART OF THE RETURN For dates of death on or after July 1,1994 and before January 1,1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent p2 P.S. §9118 (a) (1.1) ()]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers th or for the use of the surviving spouse is zero (0) percent 172 P.S. §9116 (a) (1.1) (ii)). The statuth does not exempt a transfer to a surviving spouse from tax, and the statutory regldrerneMs for disclosure of assets and filing a tax return are still applicable awn if the surviving spouse is the only beneficiary. For dates of death on or af6er Jury 1, 2000: The tax rats imposed on the net value of transfers from a deceased dt8d 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 172 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)1. The tax rate imposed on the net wlue of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1.3)]. A sibbrtg is defined, under Section 9102, as an indivi~al who has at least one parent in common with the decedent, whether try blood or adoption, Rav-7503 EXa (6Y!) scHeeu~s s STOCKS & BONDS coMUDNwEnuN of RENNSV~wwu INMERRMiCE TA%RETURN RESID@Ir DECEDENT ESTATE OF FILE NUMBER Pasley, Carol 21-09-0781 All property loldlvowmed wah rlghl d survlvonMp moat W wecload on Sehsduk F. ITEM NUMBER CUSIP NUMBER DESCRIPTION UNIT VALUE VALUE AT DATE OF DEATH 1 Stffel Nicolaus Brokerage Account # C376-4815-9049 - 129,519.64 Bonds, mutual funds and other securities per the attached schedule TOTAL (Also enter on Line 2, Recapitulation) 129,519.64 (H more space is needed, addilbnal pages d the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1300 Schedule B (Rev. &98) a it SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY caatoNwFxTN a FENNSV~vnNIA setERRM/CE TA%RETURN RESDBR DEC®B/7 ESTATE OF FILE NUMBER Pesky, Carol 21-09-0781 Include the proceeds d FtpeWn and the date the prxeetle mere receNed h1' the estate. All properly loimlyowrttl Mtlt iM rlgM of wrHVarehip mtat a dhdaeW on edtadWa F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 2000 Oldsmobile InMgue GLS Sedan 4D - 39,000 miles; execelknt condition -Value 5,655.00 per Kelley Blus Book (retell value) 2 1 S let. gold bracelet - Value in the opinion of the executor (specNic legatee -Anna D. 750.00 Palley) 3 Diamond engagement ring -Value per the attached apprelsal (a more recent 10.000.00 apprekal has not been obtained as this asset passed to the suriving spouse and is taxed at 0%) 4 ~ Diamond anniversary ring 2.000.00 5 ~ Miscellaneous Items of Jewelry and clothing -Value in the opinion of the executor ~ 1.750.00 TOTAL (Also enter on Lins 5, Recapitulation) I 20.155.00 (M Rroro space is needed, additlonel pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-98) SCHEDULE F coNNDNwEaTH Of RENNSnvANq JOINTLY-OWNED PROPERTY UINERRANCE TAX RETURN RESIDENT DECEDENT ESTATE OF LE NUMBER Pasley, Carol 21.09-0781 n an eeeet rrq merle larR wnhln one Year a tM ana.m•e aw a aaeB~, n mwt a re~anee on ecMdlM o. SURVIVING JOINT TENANT(S) NAME ADDRESS RELATIONSHIP TO DECEDENT A. Anna Pasley 432 Fordham Road Mother Woodbury Heights, NJ 08097 B. C. JOINTLY OWNED PROPERTY: ITEM NUMBER LETTER FOR JOINT TENANT DATE MADE JOINT DESCRIPTION OF PROPERTY INCLUDE NAME OF FlNANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR IDENTIF`/INa NUMBER. ATTACH DEED FOR JOINTLY•HELD REAL ESTATE. DATE OF DEATH ALOE OF ASSE ~O OF DECD'S INTEREST DATE OF DEATH VALUE OF DECEDENTS INTEREST 1 A 112611 Media Members Federal Credft Union 4.664.99 50.000% 2,332.50 Savings Account -Asset was Included o the attached Information Notice, which was returned to the Department indicating that the asset would be reported and the tax paid with the Inheritance Tax Return TOTAL (Also enter on Line 6, Recapitulation) 2,332.50 (If more space is needed, eddPoOnal pages a the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule F (Rev. 6-98) SCHEDULE ti ~'i INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY caXtNONweALnt of rErsusyLVANu INNERRANCE TAX RETURN RESDBJT DECEDQ7T ESTATE OF (FILE NUMBER Pasley, Carol 21-09-0781 This schedule must be completed and fibd k the answer to any of questions 1 through 4 an the reverts side d Me REV-1500 COVER SHEET is yes. ITEM NUMBER INCLUDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. DATE OF DEATH VALUE OF ASSET %OF DECD'S INTEREST ExcLUSION (IF APPLICABLE) TAXABLE VALUE 1 IRA Account ~ XCRB-3219-9208 - Stifel Nicolsus, 120,685.27 120,885.27 Custodian -The beneficiary of the IRA was decedent's spouse, John Maddaloni -Assets and values per the attached schedule Decedent was under the age of 591/2 and would generally bs subject to the Federal eaNy withdrawal penalty. Therefore, the IRA may be exempt from Inheritance Tax under 72 P.S. Section 9111(r) because decedent did not have the right to possess or enjoy the property. However, decedent may have been able to withdraw funds from the IRA wfthout penalty on the beats of her disability. Because the IRA will be taxed, if at all, at zero percent, executor is including the IRA on this Inheritance Tax Retum, notwithstanding the fact that it may be exempt from tax. 2 Roth IRA Account #0376-6431.2361 - Stifel 7,922.30 7,922.30 Nlcolaus, Custodian -The beneficiary of the IRA was decedent's spouse, John Maddabnl - Assets and values per the attached schedule Total of ContlnuaUon Schedule(s) attached pegs TOTAL (Also enter on Lins 7, Rseapitulation) I 203,033.38 (If mare space la needed, eddkbnal pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule ~ (Rev. B-98) Rev-1510 EXa (6AS) scH~~ui~ 6 INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY cowr.IDNwEALTN of PtT~NSrLVAMA NNfi1RANDE TAX RETURN cont Hued R~DBR DECEDENT ESTATE OF (FILE NUMBER Pasley, Carol 21-09.0781 ITEM NUMBER DESCRIPTION OF PROPERTY INCLUDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. DATE OF DEATH VALUE OF ASSET 96 OF DECD'S INTEREST EXCLUSION IF APPLICABLE) TAXABLE VALUE 3 AXA Equitable LNe Insurance Company - 74,425.81 74,425.81 Accumulator Elite 07 Variable & Fixed Deferred Retirement Annuity -Contract # 308732520 (CUSIP # 00246P298) -The beneficiary of the annuity was decedent's spouse, John Maddaloni - Value Is listed as of 08/28/09 Withdrawals from the annuity prior to the age of 591/2 may have been subject to the Federal early withdrawal penalty. Decedent was age 50 at her date of death. Therefore, the value of the annuity may be exempt from Inheritance Tax under 72 P.S. Section 9111(r). As explained in Schedule G, Item 1, decedent may have been abk to withdraw funds wRhout penalty on the basis of disability. Because the annuity will be taxed, R at all, at zero percent, executor Is including the annuity on this Inheritance Tax Return, notwithstanding the fact that It may be exempt from tax. TOTAL (Also enter on Line 7, Recapitulation) I 203.033.38 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-7500 Schedule G (Rev. 8-98) REV-„:, EX+(i2YY) ~I! COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS _. ESTATE OF FlLE NUMBER Pasley, Carol 21-09-0781 Debts of decedent must tie roported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER A, FUNERAL EXPENSES: See continuation schedule(s) attached B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Social Security Number(s) / EIN Number of Personal Representative(s): Street Address City State Zip Year(s) Commission paid 2. Attorney's Fees Fromhold Jaffe & Adams (partially estimated) 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Zlp _ Relationship of Claimant to Decedent 4. ~ Probate Fees 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. ~ Other Administrative Costs 10,831.67 2,800.00 302.00 TOTAL (Also enter on Tine 9, Recapitulation) I 13,933.67 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule M (Rev. &g5) ism ex.feat SCHEDULE H-A FUNERAL EXPENSES continued co~uoNwEKrNOFPENNSr~wwu INHERRANCE TAX RETURN RESXIEJT DECEDENT ESTATE OF FILE NUMBER Pastry, Carol 21-09-0781 ITEM NUMBER DESCRIPTION AMOUNT 1 McGuinness Funeral Home -Funeral services in New Jersey, cemetery fee and 5.057.50 funeral-rolatsd services including newspaper notices 2 Neill Funeral Home -Funeral services In Camp Hill 3 Burial stone engraving Copyright (c) 21102 form software only The Lackner Group, Inc. 5.574.17 200.00 Subtotal I 10,831.67 Form PA-1500 Schedule H-A (Rev. 8-98) Rsw1514 EX+(eAq ESTATE OF FILE NUMBER Pasley, Carol 21-09-0781 nkwe. enndmMUeW meekel a~gnw. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 One-half outstanding principal balance on mortgage held by GMAC Mortgage on 55,254.33 decedent's residence located at 4044 Caissons Court, Enola, PA 17075, which decedent owned as Joint tenants with rights of survivorship with her spouse, John Maddaloni (value reflects the principal balance as of August 31, 2009) SCHEDULE 1 DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS CCMACNWEILTH OF PENN9YLYANM WNERAIINCE TNl RETURN RE5DEN7 DECWENT TOTAL (Also enter on Line 10, Rscapitulatlon) I 55,254.33 (H more space Is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1 S00 Schedule I (Rev. 6-98) REV-1513 EX+ (11-08} ~ pennsylvania SCHEDULE ] DEPARTMENT OE PEVENUE BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Pasley, Carol 21-09-0781 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEMNG PROPERTY Do Not Lltt Truttae(~) OF ESTATE I TAXABLE DISTRIBUTIONS (Include outright spousal distributions and transfers under Sec. 9116 (a) (1.2).] 1. John Maddaloni -4044 Caissons Ct, Enola, PA 17025 Spouse 282,770.02 2 Anna 0. Pasley -432 Fordham Rd., Woodbury Heights, NJ 08097 Mother 3,082.50 ENTER DOLLAR AMOUNTS FOR D[STR16UT10N5 SHOWN ABOVE ON LINES IS THROUGH 18 OF REV-1500 COVER SHEET, A S APPROPRIATE. II NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECRON TO TAX IS NOT TAKEN 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. TOTAL OF PART II -ENTER TOTAL NON TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. ~ [r more space is nestled, insert addttlonal sheeCs of the same size. INDEX OF ATTACHMENTS TO PENNSYLVANIA INHERITANCE TAX RETURN (REV -1500) Integrated into Return: • Schedule H continuation schedule Behind Numbered Index Tabs: Copy of last will of Cazol Pasley 2. List of Assets in Brokerage Account (Schedule B -Item 1) and IRAs (Schedule G - Items 1 and 2) 3. Appraisal of diamond engagement ring (Schedule E -Item 4) 4. Information Notice and Taxpayer Response Form (Schedule F -Item 1) N:\Documenu\5148\001\Index of Attachmenu-PA-1500.doc ~a .-~ r- ~" T) •? !'~ .:.- ~ , -• `', r~ LAST 1!l~ILL ~4ND T~ST~kM~NT ~=~~=~' ° ~. vJ m CAROL ~k. ~P~kSL~Y I, CAROL A. PASLEY, of Enola, Cumberland County, Pennsylvania, being of sound and disposing mind, memory, and understanding, do hereby make, publish, and declare this to be my Last Will and Testament and hereby revoke all other Wills and Codicils that I have made, including the Will dated May 10, 2000. ~~~' FIRST: I give and bequeath to the individuals whose names aze set forth in the `'' Schedule attached to this, my Last Will and Testament, the respective legacies described on the ,,, said Schedule. I have signed this Schedule in the mazgin for purposes of identification. ~~ ;,, Should any of these individuals fail to survive me by thirty (30) days or should said person for `~ any reason be unable, or otherwise refuse, to accept the giR, then that gift shall become a pazt ~~~ ~ti ~ of my residuary estate. SECOND: I give, devise, and bequeath all the rest, residue, and remainder of my Estate, of whatever nature and wherever situate, to my beloved husband, JOHN F. MADDALONI, so long as he shall survive me by thirty (30) days. THIRD: Should my husband fail to survive me by thirty (30) days or should he for any reason fail to take under this, my Last Will and Testament, then I give, devise, and bequeath all the rest, residue, and remainder of my Estate, of whatever nature and wherever situate, as follows: A. Eight (83'0) percent to my mother, ANNA D. PASLEY, of Woodbury Heights, New Jersey; B. Eight (8 %) percent to my brother, THE REVEREND ROBERT C. PASLEY, of Berlin, New Jersey; C. Eight (830) percent to my brother, DAVID A. PASLEY, of Richwood, New Jersey, so long as he shall survive me by thirty (30) days. Should my brother fail to survive me by thirty (30) days, or should he for any reason be unable, or otherwise refuse, to take this share, then I direct that the share to which my brother would have been entitled be divided, in equal shares, to those of his children who shall survive me by thirty (30) days: ALEXANDER D. PASLEY, of Richwood, New Jersey; and RACHEL M. PASLEY, of Richwood, New Jersey; D. Eight (8 %) percent to my brother, JAMES A. PASLEY, of Woodbury i.~ Heights, New Jersey; E. Eight (89b) percent, in two equal shares, to my father-in-law, DOMINIC ~~ J. MADDALONI, of Reading, Pennsylvania and to my mother-in-law, JEANNE ~ MADDALONI, of Reading, Pennsylvania, or to whichever one of them shall survive me by thirty (30) days; F. Eight (8 %) percent to my brother-in-law, NICHOLAS MADDALONI, of Annville, Pennsylvania; G. Eight (8 %) percent to my brother-in-law, JOSEPH M. MADDALOM, of Reading, Pennsylvania; H. Eight (830) percent to my brother-in-law, JAMES MADDALONI, of San Francisco, California; I. Twelve (12 %) percent to the NATIONAL CANCER COALITION, located in Raleigh, North Carolina; J. Twelve (12%) percent to SAINT JUDE'S CHILDREN'S RESEARCH HOSPITAL, located in Memphis, Tennessee; K. Six (ti%) percent to SAINT JOHN OF GOD SCHOOL FOR RETARDED CHILDREN, located in Westville, New Jersey; L. Six (6%) percent to ABILITIES CENTER OF SOUTH JERSEY, located in Westville, New Jersey. In the event that any individual named above fails to survive me by thirty (30) days, `~~ ~, junless otherwise specified, then the share given to such beneficiary shall lapse and this share ~~~ shall be divided equally among the four charities listed in subparts I through L above. t `~, ~ FOURTH: My brother, JAMES A. PASLEY, has special needs and will require ~. ~.. .....~ ..;.~ assistance in managing any bequest. I direct that my Estate as given to my brother, JAMES A. ;~' PASLEY, in Paragraph SECOND, subpart D, of this, my Last Will and Testament, be given a~:I '-~ to my Trustee, hereiualier ~ne~l, iu Trusl fur the followuig usrs aii~l purposes and upon the following terms: A. The net income of the Trust shall be paid to and be applied for my brother's care, maintenance, education or support at such times as my Trustee shall determine in his absolute discretion. I specifically direct that the Trustee consider available public resources, such as Social Security, medical assistance, public assistance, and the like when making distributions to the beneficiary. Only those sums necessary to supplement these resources are to be distributed. Should the income from this Trust be insufficient to provide ti adequate maintenance, education, or support, my Trustee, in his sole discretion, may invade the principal for this purpose. B. I specifically direct that my Trustee shall not be required to segregate the shares held in Trust in some separate accounts prior to the termination of any Trust created hereunder, but strict accounting shall be made so that only those expenditures relating to the named beneficiary are charged to that beneficiary. Should the Trust, in the sole opinion of my Trustee, be or become too small to warrant continuing such fund in trust, or should its . ?• `. administration be or become impractical for any other reason, my Trustee, in his sole ~ ,J ~~~ discretion, may deposit the trust monies in a savings account in a savings institution of the _ Trustee's choosing, payable to the beneficiary and with the Trustee as custodian on the .~ ~.~. account. . ;~ ;~~ ~ C. This Trust shall terminate upon the death of my brother. At termination, ~~•~ the accumulated and undistributed principal and income is to be given to my brother, THE RF,VF.REND ROBERT C. PASLEY. Should my brother for any reason be unable, or otherwise refuse, to take this money, then 1 direct that this money be given fo my other brother, DAVID A. PASLEY. FIF fH: All interests of any beneficiary in the income or principal of this Estate, while undistributed and in the possession of my Executor and Trustee, even though vested and distributable, shall not be subject to attachment, execution or sequestration for any debt, con[ract, obligation or liability of any beneficiary and, furthermore, shall not be subject to pledge, assigtunent, conveyance, or anticipation. y SIXTH: All inheritance, estate, and succession taxes (including interest and any penalties thereon) payable by reason of my death shall be paid out of and be charged generally against the principal of my residuary estate, without apportionment or right of reimbursement from any person. In the event that a substantial portion, as determined in the sole and absolute judgment and discretion of my Executor, of the non-probate assets such as an annuity or mutual funds are directed to be paid to a beneficiary or beneficiaries, so that the taxes referred to herein would be paid out of the probate residue passing to the beneficiary or beneficiaries of this will (whether or not the same as the beneficiary or beneficiaries under the non-probate assets), my Executor, in the Executor's sole and absolute judgment and discretion, shall have ,,,~. '~~ the right to allocate the full or partial payment of the taxes to the beneficiary or beneficiaries of the non probate assets. r~;, .. ', ` SEVENTH: In addition to all rights and powers conferred by law, I authorize and r~~: -J, empower my Executor and Trustee and their successors, in their absolute discretion and -~ without necessity of obtaining court approval: +~\:1 `~,`j, A. To retain any of the investments composing the principal of this trust in the form in which the same shall have been delivered to the Trustee whether or not the lama he in the ualure and type legal for the investment of trust funds under the laws of the Commonwealth of Pennsylvania, including the stock of any corporate fiduciary acting hereunder. B. To invest in all forms of property (including, but not by way of limitation, real estate, all types of stocks and bonds, and participations in common trust funds), without being confined to investments prescribed by statute. C. To buy investments at a premium or discount. D. To hold property unregistered or in the name of a nominee. E. To give proxies, both ministerial and discretionary. F. To compromise claims. G. To join any merger, consolidation, reorganization, voting trust plan, or any other concerted action of security holders and to delegate discretionary duties with respect thereto. H. To lend to, and buy from, my estate. I. To borrow and to pledge real and personal property as security therefor. n'~:~ j J. To sell at public or private sale for cash or credit or partly for each, to f '+:~ exchange, or to lease for any period of time, any real or personal property, and to give o tions . ~) P ''~ for sales, exchanges, or leases. . `~ ,,~. ~~~ K. To allocate any property received or charge incurred to principal or income or partly to each, without being obliged to apply the usual rules of trust accounting. ~~~ L. To exercise any option permitted by law which they believe to be advantageous from tl-e viewpoint of overall tax reductions, including, without limitation of the foregoing, power and authority to claim administration or other expenses either as income tax deductions or inheritance or estate tax deductions, without regard to whether they were paid from principal or income and without requiring adjustments between principal and income for any resulting effect on income or estate taxes, and a deduction of such expenses for income tax purposes shall be given effect in computing the respective shares of all persons interested in my estate or the trusts set forth herein, even though the effect is to increase the share of one beneficiary or class of beneficiaries hereunder at the expense of another; and to make such adjustments, if any, between beneficiaries with respect thereto as they deem appropriate in view of the nature of the transaction and the amounts involved. M. When permitted under the Internal Revenue laws of the United States, or of any state, to join with my spouse in filing a joint income tax return without requiring my spouse to indemnify my estate against liability for the tax attributable to my spouse's income, and to consent to any gifts made by my spouse during my lifetime being treated as having been made one-half by me for the purpose of federal laws relating to gift tax. ~~,. `~ `~-: ~j N. To distribute in cash or in kind or partly in each. ! ~,Q~ ~~;~ O. To employ agents, legal counsel, brokers, and assistants, and to pay their ~/ , c*~• ~ fees and expenses as they may deem necessary or advisable to carry out the provisions of this .. ,~ Will or any Trust. t ~~ The powers granted hereunder shall be exercisable with respect to all real and personal ,t` ~~1 `~' property, including, but not limited to, income and principal held for minors or disabled beneficiaries at any time held by the Trustee and shall continue in full force, even after the termination of any trust hereunder, until the actual distribution of all property. All powers, authorities and discretion granted here shall be in addition to those granted by law and shall be exercisable without leave of court. However, nothing herein shall be interpreted or construed to encourage, authorize, empower, or permit the Trustee or Executor to act or cause anyone to act in a manner contrary to or inconsistent with accepted standards of portfolio diversification and~risk management. EIGHTH: I nominate, constitute, and appoint the following persons: A. My husband, JOHN F. MADDALONI, as Executor of this, my Last ~~,~ ~..1 ~~ i ~ .. , ~~ ~'~.. ~i~ \S Will and Testament. In the event of the renunciation, death, resignation, or inability of my husband to act for whatever reason in this capacity, then I nominate, constitute, and appoint my brother, THE REVEREND ROBERT C. PASLEY, as Executor of this, my Last Will and Testament.. In the event of the renunciation, death, resignation, or inability of my brother to act for whatever reason in this capacity, then I nominate, constitute, and appoint my other brother, DAVID A. PASLEY, as Executor of this, my Last Will and Testament. B. My brother, THE REVEREND ROBERT C. PASLEY, as Trustee of the Trust described herein. In the event of the renunciation, death, resignation or inability of my brother to act for whatever reason in this capacity, then I nominate; constitute, and appoint my other brother, DAVID A. PASLEY, as Trustee. C. To the extent that I may be able to designate a successor to me in my position as Guardian of the Person of my brother, JAMES A. PASLEY, I appoint my other brother, THE REVEREND ROBERT C. PASLIrY, as successor Guardian of the Person of my brother, JAMES A. PASLEY. In the event of the renunciation, death, resignation or inability of my brother to act for whatever reason in this capacity, then I nominate, constitute, and appoint my other brother, DAVID A. PASLEY, as successor Guardian of the Person. I duect that no representative named above shall be required to post security for the faithful performance of his/her duties in any jurisdiction insofar as I am able by law to relieve him/her of such obligation. Any of my representatives shall be entitled to reasonable compensation for the performance of the duties set forth here. IN WITNESS WHEREOF, I have hereunto set my hand and seal this 2U~` day of ~M~Y , 2008, on this, the ninth of nine typewritten pages. I have also signed the left-hand margin of the first eight of these pages and the attached Schedule for purposes of identification only. CAROL A. PASL7Y : , i... , SIGNED, PUBLISHED, and DECLARED by the Testatrix, CAROL A. PASLEY, as her Last Will and Testament, in the presence of us, who at her request, in her presence, and in the presence of each other, have hereunto subscribed our names as witnesses. ySy R~ I u.N~i,,.J ~2. ~- SCH£DUL£ Of SP£CE~kL B£QU£STS TO L~.ST 1K[i.L AHD T£ST~4M£NT O~ c~eoL R. P~SL£Y a. My mother, ANNA D. PASLEY, of Woodbury Heights, New Jersey: my 18 karat gold bracelet. Should my mother fail to survive me by thirty (30) days, I give and bequeath my 18 karat gold bracelet to my niece, RACHEL M. PASLEY, of Richwood, New Jersey. `~~~ ~. ~~, .~ c ~ ~. ~~`~ ACKNOWLEDGMENT Commonwealth of Pennsylvania County of Cumberland I, CAROL A. PASLEY, Testatrix, whose name is signed to the attached instrument, having been duly qualified according to law, do hereby acknowledge that I signed and executed the instrument as my Last Will and Testament; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. .•~ ! s. CAROL A. PASLEY Sworn or affirmed to and subscribed before me by CAROL A. PASLEY, the Testatrix, this ~J~' day of ~Q,1 , 2008. Notary Publ' COI-Nrl F P NNSYLWINYI No1~Y dwl AAay AL lapr. Natty PuhlC Cane FA oaio, tLnbalyd Cam Mlr CamYMfon [=~pY~ Oot 2'r, 2D11 ANmOw, P~nntyly~ Mtoq~gon d NefrNs AFFIDAVIT Commonwealth of Pennsylvania County of Cumberland We, Debra K. Wallet and Ann L . ~3 i~ ~ ,the witnesses whose names are signed to the attached instrument, being duly qualified according to taw, depose and say that we were present and saw the Testatrix, CAROL A. PASLEY, sign and execute the instrument as her Last Will and Testament; that she executed it as her free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the Testatrix signed the Will as witnesses; and that, to the best of our knowledge, the Testatrix was at that time 18 yeazs of age or older, of sound mind, and under no constraint or undue influence. ~~ I~x~.~=-,-1~-, Sworn or affirmed to and subscribed before me by ~,.~-~~ J;. (,()p ~(a,~ and ~nn L. ~~I ~ ~ ,witnesses, this ~N, day of ir1C~J , 2008. Notary Publ c ~n~ vF ~snwwu- r~wa.r M.y t~ t,ap., rtowtr r~ae an~Heaaaw~e.rdoa.~ ~,cam~ian~at~,2ott M.me.r. wnn.rnr.n~. At~1.M~ d Noerb. ~ 4 888°8c`~y888c~p~ OOOOOOOa6NN~ ~~~~~~~~~~~ ~ ~~~~~g~~~~~ OCOtA~NNOfO~rN ~G~p7tOh~OD~~TN T T T T CTD O ~ ~ r n ~ d'T EA E9 to EH V! 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W°Cp ~ ~~ ~Z~<cm~p aWZa~o~w~Q wm3a~_z~w`n7d n r ~ N ~ W ~ LL m ~ ~ ~ M O J ~ ~ ~ m z(g~acc°>W?p ~ N ZQ~Zp ~~ O a ~ Z¢~~ U U_ U U F- LL W~~ W ~ Y W U~ O Y lWL U~~ ~ W~ W W U~~ a ~' ~ ~~~ZWIaQQ~Z ~ 2Qacocazs°>>=_Z UU' F-I-~ J~ W N UUUUO~ZpF J " ~ ~>WWQQ~~3~ ~ ~~~~Q~~~3~ c~ ~ ~ V ~~ $ ~~U ~ ~ R ~.~ m apppa~~~~v^Ui8p8pSp^^Cpp g ~' 8888858 d~ ~ Np~~1NN~000 n ajNN~ .Q ?"~ 0000000~~0pp~~j ~ m ~ r+ OOODrNN .n-f0 ~ G <OQC9fDnrNtpOf p m ~ ~ n T r r ~ 0 w ~ r 5g cry~i ery4i, 25 bi in F b9 N 8 (M~ T 1 ~ `~ Q '`~ V r U~ E E y _~ O T T 0 8 U ~- zp ~a zW cn aY ac Om ~o w _ oc U ~ J~ Q Z Z J OW i= z rn b r ~~~__ .__,. Musselman's JEWL~'LERS 3588 Capital City Maii, camp Hili, PA 17011 ~a~ ~,~ xn rrrtif~ that we have this day of, nar~,~t,er examined the foQowhy 1Lted •nd aeecribed artldea the goperty of - ]-/ John Madds~.oni Thew eMitaated aep>.oement coats are biped only oel eaiimatea of the gaaNty of the atones (unles eped~cally Mated that the stones were removed a~71d graded) ~I D~70iV OF AR77CI,E I VALUi One ladies diamond ring set xith a Round brilliant cut diamond xeighing .71ct. 'this diamond grades (tIA D in color, Ws2 in clarity. The diamond ie mounted in a 14kt yeiiox gold mounting aith .25et total weight o! side diamonds. The center diamond has a GiA Certilicata. ;10,000.00 One ladies 14kt yeliox gold wedding band. ~ ;185.00 The f appralpd h made wed accepted upoe the express andctetandiad that ND LIAB1L17Y or ~eaposdbNty fa incarzed by the appraiser 6a !lam came. ~gptd a~t~:. .~~~il'~8~1 ~ PENNSYLVANIA INHERITANCE T INFORMATION NOTICE ~UREAU Of INDIVIOUAI TAXES AND Po pox zpeael TAXPAYER RESPONSE wutRISpuac PA lTize-osol pIY-16a) alI M fo-,u FILE N0. 21 09-0781 ACN 09165030 DATE 10-09-2009 TYPE OF ACCOUNT ANNA D PASLEY 432 FORDHAN RD WOODBURY HTS NJ 08097 EST. OF CAROL A PASLEY SSN 138-56-6542 DATE OF DEATH 08-08-2009 COUNTY CUMBERLAND REMIT PAYMENT AND FORMS T0: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 ® SAYINGS CHECKING TRUST CERTIF. MEDIA MEMBERS FCU provided the Oopartaent with the intonation below, which has boon used in esleulatinp the potential tax dw. Recerda indieat• that at the death of tM above-owed decedent, you won • Joint owneNbmef ieiary of this aeeeunt. If you fool the intonation is incorrect, ploaao obtain written eorreetion trop the financial institution, attach a copy to this ton and return it to tAe abere address. This account fa taxable in eecordance with the Inherltanee Tax laws of the Copponwealth of Pennglrania. Please call (717) 7e7-x327 witA euestions. COMPLETE PART 1 BELOW R SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Aeceunt Ne. 19535010 Dat• 11-26-1993 Te Account Balane• Percent Tpxpbl• Aaount Subject to lax Tax Rpt• Potential Tax Dua Established # 4,664.99 X 50.000 t 2,332.50 X .12 279.90 ensure proper credit to the account, s^o copies of this notice post aeeO11pa1N pwpent to the Reeiabr of Mills. Nak• cheek pgablo to ^Ropister of Mills. Avant^. NDT& If tax pgpnts an pads within tAru eonths of the depdmt'a date of loath, deduct a 5 percent diaeeunt on the tax duo. Aty InMHtanee Tax duo will becso delinquent nano eenths afbr the dab of duth. A. ~ TM abere inforeation and tat dw Sa cornet. Rrit vgNnt to tAe Repiater of Mills with two copies sf this netlee to obtain CHECK a discount er arsid interest, or cheek box "A" and return this notlte to the Rapiator of ONE Mills and an official assesspent rill 6e issued by the PA Departpent of Reronw. BLOCK p. ~ The abere asset has bean or will 6o repertod and tax paid with the Pennsylvania Inheritance Tat return ONLY to ba filed by the estab npresentatire. C. ~ 7ha above info ion is ineerr and/or debts and deductions wan paid. Caeplab PART ~2 and/or PART b Aalw. PART If indicat7na a different relationship to doaodont: TAX RETURN - COMPUTATION LINE 1. Date Eatablishad 2. Account Balane 3. Parcant Taxabl• 4. Aaount Subject to Tax B. Debts and Deduetlons 6. Apount Taxabl• 7. Tax Rat• B. Tax Du• rate, ploaao OF TAX ON JU1Nf/TRUST ACCOUNTS L 2 ~ 3 X 4 5 6 7 X e # P~T DEBTS AND DEDUCTIONS CLAIMED 3 DATE PAID PAYEE DESCRIPTION AMOUNT PAID TOTAL CEnter on Lin• 6 of Tax Coaputation) t Undo: penaltisa of perjury, I declare that the facto I have reported abor• are true, tiorrect and eoaplat• to tA• boat of ay knowledB• and beisaf. HOME C ) ~tOMHOLD ~TAFFE ~ ADAMS ATTORNEYS AT LAW ^ A PROFESSIONAL CORPORATION Office of the Register of Wills 1 Courthouse Squaze Room 102 Carlisle, PA 17013 RE: Estate of Carol Pasley Estate No. 21-09-0781 Our Ref.: 5148.001 Deaz Sir or Madam: February 5, 2010 Marc H. Jaffe* Fred H Fromhold David R Adams+ Matthew D. Gilbert Ji Min Jun 'LLM in Taxation +Also admitted in New Jersey I have enclosed a check in the amount of $30 representing the total filing fees for the Estate Inventory and Pennsylvania Inheritance Tax Retum, which were submitted for filing in January. Please file the Inventory and Tax Return of record. In addition, please forward to me a receipt for the filing fees in the enclosed envelope. Thank you for your courtesy. Very truly yours, MATTHEW D. GILBERT MHJ: Enclosures (~ N Ca .x cc: Mr. John Maddaloni (via a-mail attachment) ~ o ° _. + ~ : ~ /^~ ~ , Y ~ ~ ~\l W ('('i .~ ~.. f_i N:\Documents\5148\001\Ltr-RegWills-02-04-10.doc ~-p;~x ~ } i ='+` ~Y?t~~~ ' _ ~ 4~ S7 ~ k ~~~~ ~~ •• N ~. c,~~ O ~ Villanova Center ^ Suite 220 ^ 789 East Lancaster Avenue ^ Villanova, Pennsylvania 19085 Telephone: 610-527-9100 ^ Fax: 610-527-6549 ^ www.fromholdjaffe.com