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HomeMy WebLinkAbout03-22-10,~\~ys '~ ~-~ 7~; Cumberland n DECEDENT'S ESTATE ~ "° ~A.. --`-' c-~ -- -;~ _ T~ ~~_? COURT OF COMMON PLEAS OF ~~-~' ~ ' <~ COUNTY, PENNSYLVANIA `~`'' :_ ORPHANS' COURT DIVISION :E== ESTATE OF Louise Arndt May , DECEASF,D No. 21-08-0130 PETITION FOR ADJUDICATION / STATEMENT OF PROPOSED DISTRIBUTION PURSUANT TO Pa. O.C. Rule 6.9 rv ~- ~ s•; r„ ~, c., , .= "this form may be used in all cases involving the Audit of the Account of a Decedent's Estate. If space is insufficient, riders may be attached. Attach the spouse's election, if any; the papers required under items 8-19 inclusive; and any instrument pertinent to the adjudication. INCL UDE ATTACHMENTS AT THE BACK OF THIS FORM. Name of Counsel: Jerrold A. Sulcove, Esq. Supreme Court I.D. No.: 92826 Name of Law Firm: Black and Davison Address: 82 West Queen Street Telephone: 717-264-5194 Fax: 717-264-7640 hbrrn OC-O! rev. 10.13.06 Page 1 of 10 C~. Estate of Louise Arndt May 1. Name(s) and address(es) of Petitioner(s): Name: Kathleen E. May-Hartzok Address: 121 Echo Drive Chambersburg, PA 17202 Deceased Identify any executors or administrators who have not joined in the Petition for Adjudication and Statement of Proposed Distribution and state reason: n/a Is this the first accounting by this fiduciary? ..................... Q Yes Q No If not, identify prior accountings, the accounting periods covered, and the date of adjudication of the prior accounting. 2. Decedent died on January 17, 2008 ® Letters Testamentary or ®Letters of Administration were granted to Petitioner(s) on Februarv 6.2008 Date of Will (fapplicable): May 1, 1997 Date(s) of Codicil(s) (fapplicable): n/a Date of probate (if different from date Letters granted): Was a bond required? Yes Q No If yes, state amount: Are proofs of advertising of the grant of Letters attached? ......... Q Yes Q No Dates of advertising of the grant of Letters: February 20, 22, 27, 29, March 5, and 7, 2008 FoYm oc-ol rev. 10.13.06 Page 2 of 10 Estate of Louise Arndt May Deceased 3. Was decedent survived by a spouse? ............................. Q Yes Q No If yes, name of the surviving spouse: 4. Has the surviving spouse filed to take an elective share? ............. ~ Yes ~ No (See Section 2201 et sue. of the Probate, Estates and Fiduciaries Code) If yes, date of election: 5. In the case of an intestacy, state the names of the decedent's surviving children or surviving issue of deceased children (if none, so state): 6. Did decedent marry after execution of Will or Codicil(s)? ........... ~ Yes ®/ No Were any children born to decedent after execution of Will or Codicil(s)? ........................................... ® es ®No Y If yes, give names and dates of birth: Name: Date of Birth: 7. If required by the Medical Assistance Estate Recovery Act, 62 P.S. § 1412, was a request for a statement of claim sent to the Department of Public Welfare? .............................. ~ Yes 0 No Form OC-01 rev. 10.13.06 Page 3 Of 1 ~ Estate of Louise Arndt May Deceased 8. Written notice of the Audit as required by Pa. O.C. Rules 6.3, 6.7 and 6.8 has been or will be given to all parties in interest listed in item 9 below, all unpaid creditors and all claimants listed in item 10 below. In addition, notice of any questions requiring Adjudication as discussed in item 14 below has been or will be given to all persons affected thereby. A. If Notice has been given, attach a copy of the Notice as well as a list of the names and addresses of the parties receiving such Notice. B. If Notice is yet to be given, a copy of the Notice as well as a list of the names and addresses of the parties receiving such Notice shall be submitted at the Audit together with a statement executed by a Petitioner or counsel certifying that such notice has been given. C. If any person entitled to Notice is not sui juris (e.g., minors or incapacitated persons), Notice of the Audit has been or will be given to the appropriate representative on such party's behalf as required by Pa. O.C. Rule 5.2. D. If any charitable interest is involved, Notice of the Audit has been or will also be given to the Attorney General as required under Pa. O.C. Rule 5.5. In addition, the Attorney General's clearance certificate (or proof of service of Notice and a copy of such Notice) must be submitted herewith or at the Audit. List all parties (charitable and non-charitable) of whom Petitioner(s) has/have notice or knowledge, having or claiming any interest in the estate as beneficiaries under the Will or Codicil(s) or as intestate heirs if there is a complete or partial intestacy: A. State each party's relationship to the decedent and the nature of each party's interest(s): _ Name and Address of Each Party in Interest ~ Relationship and Comments if an ~ Interest Amy L. May-Snider Daughter 25% of residuary 1605 Alden Avenue estate Gaithersburg, MD 20877 Kathleen E. May-Hartzok Daughter 121 Echo Drive Chambersburg, PA 17201 25% of residuary estate Form OC-01 rev. IO.I3.06 Page 4 of 10 Estate of Louise Arndt Nmne and Address olEach Partv in Interest I Relationship and Meg Ann May-Hobbs Daughter 17 Valley View Drive Mechanicsburg, PA 17050 Deceased Interest 25% of residuary estate Rebecca A. May-Salerno Daughter 25% of residuary 9824 Moyer Road estate Damascus, MD 20872 B. ]dentify each party who is not sui juris (e.g., minors or incapacitated persons). For each such party, give date of birth, the name of each Guardian and how each Guardian was appointed. If no Guardian has been appointed, identify the next of kin of such party, giving the name, address and relationship of each. C. State why a Petition for Guardian/Trustee Ad Litem has or has not been filed for this Audit (see Pa. O.C. Rule 12.4). D. If distribution is to be made to the personal representative of a deceased party, state date of death, date and place of grant of Letters and type of Letters granted. F~orn oc-ol rero~. to.~3.06 Page 5 of 10 Estate of Louise Arndt May Deceased 10. Other than the claim for the family exemption, list the names of all known claimants and the amount of their claims and state whether each claim is admitted. Name and Address of Each Claimant Amount of Claim Claim Will Clairn Admitted? Be Paid !n Full? DYes 0 Yes ONo ONo DYes Q Yes ONo Q No Yes ~ Yes ~No Q No DYes Q Yes ~No ~ No If the estate is insolvent, attach a schedule setting forth the order of preference under 20 Pa.C.S. § 3392 and the proposed payments. 11. Was family exemption claimed? ................................ DYes ®/ No Was family exemption allowed? ................................ QYes ®/ No Family exemption claimant's name and relationship: Name: Relationship: Form OC-O! rev. 10.13.06 Page 6 Of 10 Estate of Louise Arndt May Deceased 12. The amount of Pennsylvania Transfer Inheritance Tax and additional Pennsylvania Estate Tax paid, the date(s) of payment(s), and the interest(s) upon which paid, are as follows: Date Payment Interest April 9, 2008 6,000.00 .00 October 10, 2009 12,974.73 .00 13. On the date of death, was the decedent a fiduciary (personal representative, trustee, guardian, agent under power of attorney) or surety on the bond of a fiduciary? ................... 0 Yes ~ No If yes, provide the name of the estate, indicate whether an account has been filed and confirmed absolutely and all awards performed, or, in the alternative, how the decedent's estate will be discharged for the decedent's fiduciary administration of the estate. 14. A. Describe in detail any questions requiring adjudication and state the position of the Petitioner(s) as to each question: B. Has notice of the question requiring adjudication been given to the parties identified in Paragraph 9 above? .................. 0 Yes ~ No 15. If Petitioner(s) has/have knowledge that a share has been assigned, renounced, disclaimed or attached, provide a copy of the assignment, renunciation, disclaimer or attachment, together with any relevant supporting documentation. Form OC-Ol rev. /0.13.06 Page 7 of 10 Estate of Louise Arndt May Deceased 16. Had the decedent been adjudicated an incapacitated person? .......... 0 Yes ~ No If yes, attach a copy of the Order if available; otherwise state the Court, term, number, date, and name of Hearing Judge. 17. A. List or attach a separate list of additional receipts and disbursements since the closing date of the Account. attached hereto B. Has notice of the additional receipts and disbursements been given to the parties identified in Paragraph 9 above? ............. ~ Yes ~ No 18. If a reserve is requested, state amount and purpose. Amount: Purpose: If a reserve is requested for counsel fees, has notice of the amount of fees to be paid from the reserve been given to the parties in interest? ........................................ ©Yes ONo If so, attach a copy of the notice. 19. Is the Court being asked to direct the filing of a Schedule of Distribution? .......................... DYes ~No As to real estate only? ........................................ DYes Q No r~oYmoc-o~ reti~. ~o.r3.o6 Page 8 of IO Estate of Louise Arndt May Deceased Wherefore, your Petitioner(s) ask(s) that distribution be awarded to the parties entitled and suggest(s) that the distributive shares of income and principal (residuary shares being stated in proportions, not amounts) are as follows: A. Income: Proposed Distributee~s) B. Principal: Proposed Dtstributee(sJ included in accounting -page 3I Amount/Proportion Amount/Proportion Submitted By: (All petitioners must sign. Add additional lines if necessary): ~, ~ Na e o etitioner: Kathleen E. Ma I artz k Name of Petitioner: H-,~rm oc-ni rev. io.13.06 Page 9 of 10 Estate of Louise Arndt May Verification of Petitioner (Verification must be by at least one petitioner.) The undersigned hereby verifies * [that heishe she is aae Executrix Deceased Of the above-named name ofcorporation n/a and] that the facts set forth in the foregoing Petition for Adjudication /Statement of Proposed Distribution which are within the personal knowledge of the Petitioner are true, and as to facts based on the information of others, the Petitioner, after diligent inquiry, believes them to be true; and that any false statements herein are made subject to the penalties of 18 Pa. C.S. § 4904 (relating to unsworn falsification to authorities). Si ature of Petitioner * Corporate petitioners must complete bracketed information. Certification of Counsel The undersigned counsel hereby certifies that the foregoing Petition for Adjudication/ Statement of Proposed Distribution is a true and accurate reproduction of the form Petition authorized by the Supreme Court, and that no changes to the form have been made beyond the responses herein. ._°`~ Signjature of C sel for Petitioner ~-~>rm oc-o~ ,-ev. ~n.~3.o6 Page 10 of ] 0 PROOF OF PUBLICATION State of Pennsylvania, County of Cumberland Trot/ Whitesel Classified Advertising Manager of The Sentinel, of the County and State aforesaid, being duly sworn, deposes and says that THE SENTINEL, a newspaper of general circulation in the Borough of Carlisle, County and State aforesaid, was established December 13,1881, since which date THE SENTINEL has been regularly issued in said County, and that the printed notice or publication attached hereto is exactly the same as was printed and published in the regular editions and issues of THE SENTINEL on the following day(s): February 20 27 March 5 2008 COPY OF NOTICE OF PUBLICATION EXECUTRIX NOTICE Notice is hereby given that Letters Testamentary on the Estate of LOUISE ARNDT MAY, a/k/a E. LOUISE MAY, of the Borough of Gamp Hill, Cumberland County, Pennsylvania, deceased, have been granted to the Executrix named herein and she requests all persons having claims against said estate to make known the same to her or her attorney and all persons indebted to said decedent to make payment to her without delay. Attorney: Jerrold A. Sulcove, Esquire 82 West Queen Street Chambersburg, PA 17201 Attorney Kathleen E. May-Hartzok 1558 Walker Road Chambersburg, PA 17202 Executrix Affiant further deposes that he/she is not interested in the subject matter of the aforesaid notice or advertisement, and that all allegations in the foregoing statement as to time, place and character of publication are true. Sworn to and subscribed before me this 5th day of March 2008. ~ ~ ~_ Notary Pub My conunission expires: L~ /I / COMMONWEALTH OF PENNSYLVANIA Notarial Seal Christina L. Wolfe, Notary public Carlisle Bono, Cumberland County My Commission Expires Sept 1,2008 Member, Pennsylvania Association Of Notaries PROOF OF PUBLICATION OF NOTICE IN CUMBERLAND LAW JOURNAL (Under Act No. 587, approved May 16, 1929), P. L.1784 COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND ss. Lisa Marie Coyne, Esquire, Editor of the Cumberland Law Journal, of the County and State aforesaid, being duly sworn, according to law, deposes and says that the Cumberland Law Journal, a legal periodical published in the Borough of Carlisle in the County and State aforesaid, was established January 2, 1952, and designated by the local courts as the official legal periodical for the publication of all legal notices, and has, since January 2, 1952, been regularly issued weekly in the said County, and that the printed notice or publication attached hereto is exactly the same as was printed in the regular editions and issues of the said Cumberland Law Journal on the following dates, viz: rebruary 22 February 29 and March 7 2008 Affiant further deposes that he is authorized to verify this statement by the Cumberland Law Journal, a legal periodical of general circulation, and that he is not interested in the subject matter of the aforesaid notice or advertisement, and that all allegations in the foregoing statements as to time, place and character of publication are true. ~ j`± L" ~~ _ _ _.__-- Lisa Marie Coyne, ~; ; SWORN TO AND SUBSCI 7 day of March, 2008 May, Louise Arndt a/k/a E. Louise May, deed. Late of the Borough of Camp Hill. Executrix: Kathleen E. May- Hartzok, 1558 Walker Road, Chambersburg, PA 17202. Attorney: Jerrold A. Sulcove, Es- quire, 82 West Queen Street, Chambersburg, PA 17201. before me this ~~ Notary ,u,.~.,, .~....,,~._.~ r~VrARi;a.1 Sr"_ril DEBORAH A CCLLiiJS Notary Public CARLISLE BORO, CUMBERLk"VD COUP~?Y My Commission Expires Apr 28, 2010 `BLACK AND DAVISON ATTORNEYS AT LAW 82 WEST QUEEN STREET • E O. BOX 513 ROBERT C. SCHOLLAERT CHAMBERSBURG, PA 17201-0513 JAN G SL'LCOVE (717) 264-5194 • FAX (717) 264-7640 ELLIOTT B SULCOVE ADMITTED IN PA AND NJ JERROLD A. SL'LCOVE March 5, 2010 To the Heirs of the Estate of Louise Arndt May: You are hereby notified that the First and Final Account of Kathleen E. May- Hartzok, Executrix of the Estate of Louise Arndt May, late of Camp Hill, Cumberland County, Pennsylvania, deceased, has been filed in the office of the Register of Wills of Cumberland County, Pennsylvania, along with a Proposed Schedule of Distributions to Heirs, and the same will be presented to the Court of Common Pleas of the 9`~ Judicial District, Pennsylvania, Cumberland County Branch, Orphans' Court Division, on April 27, 2010, at the Cumberland County Courthouse, Carlisle, Pennsylvania. Any exceptions to the Proposed Schedule of Distributions to Heirs may be filed by any party in interest at or prior to the aforesaid time of presentation for confirmation. The Account shows receipts in the amount of $354,424.66, expenditures in the amount of $150,580.70, and distributions to heirs in the amount of $11,280.00, thereby leaving a balance for disbursements to heirs in the amount of $192,563.96, which is proposed to be distributed in accordance with the Proposed Schedule of Distributions to Heirs aforesaid. A copy of the Account and Proposed Schedule of Distribution to Heirs is enclosed. BLACK AND DAMSON ,:~ ~ '`t 1~~~ ~.9 Attorney for Kathleen E. May-Hartzok, Executrix of the Estate of Louise Arndt May, deceased JAS:meb enclosure Estate of Louise Arndt File No. 21-08-0130 Interested Parties Receiving Notice of Audit Amy L. May-Snider 1605 Alden Avenue Gaithersburg, MD 20877 Kathleen E. May-Hartzok Meg Ann May-Hobbs Rebecca A. May-Salerno 121 Echo Drive Chambersburg, PA 17202 17 Valley View Drive Mechanicsburg, PA 17050 9824 Moyer Road Damascus, MD 20872 LAST WILL AND TESTAMENT -} OE LOUISE ARNDT MAY I, LOUISE ARNDT MAY, of Camp Hill, Cumberland County, Pennsylvania, being of sound mind and disposing memory, though I realize the uncertainty of this life, I have full confidence and trust in my Lord and Savior, Jesus Christ, in His death on the cross for my sins and in His shed blood as an atonement for my soul; and I know by faith that because of His sacrifice on the cross for me I have eternal life, do hereby make this Will, hereby revoking all my former Wills and Codicils: Article One: Tangible Personal Property: § 1.1 I bequeath all my tangible personal property to my Husband, Donald E. May, ("VIy Husband"), if he survives. If My Husband does not survive me, then I bequeath all my tangible personal property in accordance with the terms of a personal property memorandum I may prepare. If no such memorandum is located or received by the Executor within 60 days after being appointed as such, after conducting a reasonable search for such memorandum, the Executor shall be held harmless for distributing such property as hereinafter provided. § 1.2 I bequeath such assets not disposed of by such memorandum, or all of such property if no such memorandum is so located or received, to my children living at my death to be divided among them in as nearly equal shares as they agree. In the event of irreconcilable disagreement among my children, they shall take turns selecting individual items with my oldest child making the first selection. Ariy items not so selected shall be sold and the proceeds shall pass as a part of my residuary estate. 1.3 To the extent practicable in the Executor's sole discretion, I bequeath any policies of insurance on such property to the beneficiary entitled to such property. § 1.4 I direct that the expenses of storing, packing, shipping, insuring and delivering any such property to the beneficiary entitled thereto shall be paid by the Executor as an administrative expense of my estate. Article Two: Residue: §2.1 I devise and bequeath all the residue of my estate to My Husband, if he survives me. If My Husband does not survive me, then the entire residue of my estate shall be divided and distributed to my four daughters, per stirpes; provided, however, that I give to the Trustee hereinafter named any such share passing hereunder for the benefit of any beneficiary of mine who shall not have attained the age of eighteen (18) years, to be held, administered and disposed of in accordance with Article Three hereof (the "Beneficiary's Trust"} for the benefit of such Beneficiary. My four daughters in order of age are Kathleen E. May-Hartzok of Chambersburg, PA; Rebecca A. May-Salerno of Damascus, MD; Amy L. May-Snider of Gaithersburg, MD; and Meg Ann May- Hobbs of Mechanicsburg, PA. Article Three: The Beneficiary's Trust: §3.l The Trustee shall hold, manage, invest and reinvest the assets of the Beneficiary's Trust, collect the income thereof and: §3.1. l While the beneficiary of the Beneficiary's Trust (the "Beneficiary") is under eighteen (18) years of age, the Trustee shall apply to or for the benefit of the Beneficiary so much of the net income as the Trustee shall from time to time deem necessary or proper for the Beneficiary's health, maintenance, support and complete education, including preparatory, college and graduate education, and professional, vocational or technical training, taking into account other available funds, including the Beneficiary's assets. The Trustee shall annually accumulate any net income not so distributed aY~d add the same to the principal of the trust property. §3.12 After the Beneficiary attains eighteen (18) years of age, the Trustee shall distribute to or for the benefit of the Beneficiary the net income of the Beneficiary's Trust in quarter-annual installments, or more frequently if the Trustee deems it advisable, and so much of the principal as the Trustee shall from time to time deem necessary or proper for the Beneficiary's health, maintenance, support and complete education, including college and graduate education, and professional, vocational or technical training, and to assist the Beneficiary with reasonable wedding 2 expenses, in the purchase of a principal residence or in the establishment of a profession or business considered a good risk by the Trustee, taking into account other available funds, including the Beneficiary's assets. §3.1.3 At any time after the Beneficiary attains eighteen (18) years of age, the Beneficiary may withdraw any or all of the principal of the Beneficiary's Trust. §3.1.4 If the Beneficiary dies before the complete termination of the Beneficiary's Trust, the Trustee shall distribute the property then held in trust to such persons or corporations, (including the Beneficiary's estate}, in such amounts and upon such trusts, terms and condition, as the Beneficiary by last Will may appoint by specific reference to this general power of appointment; provided, however, any portion of the trust property not subject to the Beneficiary's power of withdrawal immediately prior to the Beneficiary's death may only be appointed to one or more of the Beneficiary's issue, in such amounts and upon such trusts, terms and conditions as the Beneficiary by last Will may appoint by specific reference to this special power of appointment. Any property not so appointed shall be distributed to the Beneficiary's then living issue, per stirpes, or if none, to my then living issue, per stirpes. Article Four: Appointment of Fiduciaries: §4.1 I appoint My Husband as Executor of this Will. If My Husband is unable or unwilling to serve or continue to serve, for any reason whatsoever, I appoint my daughter, Kathleen E. May-Hartzok, to serve as first contingent Executrix. If Kathleen E. May-Hartzok is unable or unwilling to serve or continue to serve for any reason whatsoever, I appoint my daughter, Rebecca A May-Salerno, to serve as second contingent Executrix. If Rebecca A. May-Salerno is unable or unwilling to serve or continue to serve for any reason whatsoever, I appoint my daughter, Amy L. May-Snider, to serve as third contingent Executrix. If Amy L. May-Snider is unable or unwilling to serve or continue to serve for any reason whatsoever, I appoint my daughter, Meg Ann May-Hobbs, to serve as fourth contingent Executrix. All references herein to the "Executor' shall mean my originally appointed Executor or my successor Executrix, as the case may be. §4.2 My Executor shall also be the Trustee of any trust and Guardian of any property interest which may be created under this Will for minor children or persons who are incapacitated. Article Five: Powers of Fiduciaries: X5.1 No fiduciary under this Will shall be required to give bond or other security for 3 the faithful performance of the fiduciary's duties. §5.2 Any such fiduciary shall have the following powers, in addition to those given by law: §5.2.1 To invest in, accept and retain any real or personal property, including stock of a corporate fiduciary or its holding company, without restriction to legal investments; X5.2.2 To sell, exchange, partition or lease for any period of time any real or personal property and to give options therefor for cash or credit, with or without security; §5.2.3 To borrow money from any person including any fiduciary acting hereunder, and to mortgage or pledge any real or personal property; §5.2.4 To hold shares of stock or other securities in nominee registration form, including that of a clearing corporation or depository, or in book entry form or unregistered or in such other form as will pass by delivery; §5.2.5 To engage in litigation and compromise, arbitrate or abandon claims; §5.2.6 To make distributions in cash, or in kind at current values, or partly in each, allocating specific assets to particular distributes on a non-pro rata basis, and for such purposes to make reasonable determinations of current values; § 5.2.7 To make elections, decisions, concessions and settlements in connection with all income, estate, inheritance, gift or other tax returns and the payment of such taxes, without obligation to adjust the distributive share of income or principal of any person affected thereby; §5.2.8 To allocate, in the Executor's sole and absolute discretion, any portion of my exemption under Section 2631(a) of the Internal Revenue Code to any property as to which I am the transferor, including any property transferred by me during my lifetime as to which I did not make an allocation prior to my death; §5.2.9 To create, except when the fiduciary is a beneficiary of the subject mist, with respect to all or any part of the principal of any trust hereunder, including a pecuniary amount, by a written instrument a general testamentary power of appointment. within the meaning of Section 2041 of the Internal Revenue Code in any beneficiary thereof and to eliminate such power for all or any part of such principal as to which such power was previously created and to divide trust principal into two fractional shares based upon the then portion of the trust that would be includable in the gross estate of the beneficiary holding such power if he died immediately before 4 such division (in which case the power shall be over the entire principal of one share and not the other), with each share being administered as a separate trust, unless such fiduciary shall thereafter elect to combine such separate trusts into a single tnzst; to exercise the foregoing discretion to create or eliminate a general testamentary power of appointment when such fiduciary determines that the inclusion of the property affected thereby in the beneficiary's gross estate may achieve a significant savings in transfer taxes by having a federal estate tax in lieu of a Chapter 13 tax imposed by the Internal Revenue Code on the property subject to such power of appointment or may achieve significant income tax benefits; §5.2.10 To disclaim any interest I may have in any estate if the Executor deems such disclaimer to be in the best interests of my estate and the beneficiaries thereof; X5.2. 11 To terminate any trust created herein, the principal of which is or becomes too small in the Trustee's discretion to make the establishment or continuance of the trust advisable, and to make immediate distribution of the then remaining trust property to the beneficiary then entitled to the income of the trust property or, if there is more than one beneficiary, to the beneficiaries then entitled to the income of the trust property in proportion to their respective interests therein or, if such interests are not defined, in equal shares to such beneficiaries; provided, however, no Trustee shall participate in any decision to terminate such trust if by reason of such termination such trustee could receive a distribution of trust property from such trust as aforesaid. The receipts and releases of the distributee(s) will terminate absolutely the right of all persons who might otherwise have a future interest in the mist, whether vested or contingent, without notice to them and without the necessity of filing an account in any court; and §5.2.12 To merge any trust created hereunder with any other trust or trusts created by me or my spouse under will or deed, if the terms of any such trust are then substantially similar and held for the primary benefit of the same person or persons. Article Six: Provision for Taxes: §6.1 All estate taxes, inheritance taxes, transfer taxes and other taxes of a similar nature payable by reason of my death to any government or subdivision thereof upon or with respect to any property subject to any such tax ("Death Taxes"), and any penalties thereon, shall be paid by the Executor out of the principal of that portion of my estate disposed of by Article Two of this Will, and all interest with respect to any such taxes shall be paid by the Executor out of the income or principal or partly out of the income and partly out of the principal of such portion of my estate, in 5 the absolute discretion of the Executor, without reimbursement from or apportionment among the beneficiaries, recipients or owners of such property for any such taxes, penalties or interest; provided, however, the Executor shall not pay any such taxes, penalties or interest attributable to ary property included in my estate solely because of a power of appointment thereover which I possess but have not exercised or any qualified terminable interest property; provided further, however, the Executor shall not pay any supplemental federal estate tax, or any penalties or interest related thereto, imposed by Section 4980A(d) of the Internal Revenue Code, which supplemental federal estate tax, together with any penalties or interest related thereto, shall be borne by the recipients of the qualified plan benefit (including my estate if it is a recipient of any such benefit) giving rise to such supplemental federal estate tax in proportion to their respective interests therein. Article Seven: Provision for Debts and Expenses: §7.1 I direct that any of my legally enforceable debts, any expenses of my last illness, funeral and burial, and any of the administrative expenses of my estate shall be paid from the principal of that portion of my estate disposed of by Article Two of this Will. Article Eight: Miscellaneous Provisions: §8.1 As used in this Will, the term "Internal Revenue Code" shall mean the Internal Revenue Code of 1986, as amended from time to time, or the corresponding provision of subsequent law. §8.2 Whenever the Trustee is directed to distribute property to or for the benefit of any beneficiary who is under (a) eighteen years of age, or (b) a legal disability or otherwise suffers from an illness or mental or physical disability that would make distribution directly to such beneficiary inappropriate (as determined in the Trustee's sole discretion exercised in good faith), the Trustee may distribute such property to the person who has custody of such beneficiary, may apply 6 such property for the benefit. of such beneficiary, may distribute such property to a custodian for such beneficiary, whether then serving or selected and appointed b_y the Trustee (including the Trustee), under any applicable Uniform Transfers to Minors Act or Uniform Gifts to Minors Act, may distribute such property directly to such beneficiary's estate, or may distribute such property directly to such beneficiary (except if any of the conditions hereinbefore described in (b) apply), without liability on the part of the Trustee to see to the application of such property. This provision shall not in any way operate to suspend such beneficiary's absolute ownership of such property or to prevent the absolute vesting thereof in such beneficiary. §8.3 Except as otherwise may be provided in this Will, during the continuance of any of the trusts created under the provisions of this Will, and thereafter until the property is distributed to and recei~~ed by any beneficiary hereunder, the principal sums thus held in trust for any beneficiary, respectively, and the income thereof shall not be subject to or liable for any contracts, debts, engagements, liabilities or torts of such beneficiary now or hereafter made, contracted, incurred or committed, but shall be absolutely free from the same, and such beneficiary shall have no power to sell, assign or encumber all or any part of the principal sums or such beneficiary's interest therein, respectively, or the income thereof, or to anticipate the income. §8.4 If any beneficiary hereunder should die within thirty (30) days after me or within thirty (30) days after any other person the survival of whom determines his rights hereunder, then such beneficiary shall be deemed to have predeceased me or such other person for all purposes hereunder. IN WITNESS WHEREOF, I, LOUISE ARNDT MAY, have hereunto set my hand and seal to this, my last Will, typewritten on nine (9) sheets of paper, including the self-proving 7 r attestation clause and signatures of witnesses, this l day of ~ ~,v , 1997. O~..c-.cam---^~-~--' ~~~z~c,.~.~ /`~ 'z.~,- (SEAL) ~W LOUISE ARNDT MAY ~- Signed, sealed, published and declared by the above named LOUISE ARNDT MAY as and for her last Will, in the presence of us and each of us, who, at her request and in her presence and in the presence of each other, have hereunto subscribed our names as witnesses thereto the day and year last ab ve written. .~ /~l y ~~~~, , I ~" ~`W ~ Residing at 3 ~ ~ ~' /3~ ~ c. r~ ~ ~ ,u L_~o,v~ r /~` ~ ~ ~. °~'~~G'=~~- %=% ~~r.-1,~~. Residing at /~~~ r _.-= -~ _~-_ ___~ '~ ~-°~-~~ /Residing at ~- ~ ~ , ~ / I"l P.d"a'.v ~~" K' e'er COMMONWEALTH OF PENNSYLVANIA: COUNTY OF CUMBERLAND SS. We, LOUISE ARNDT MAY, the testatrix, ~ i' s ra ~~_ I ~~ v~ +.r ~, and and S' ~3 ~~ !~ r ~ -~~ i'~t~ the witnesses, whose names are signed to the attached or foregaing instrument, being first duly sworn, do hereby declare to the undersigned authority that the testatrix signed and executed the instrument as her last Will; that the testatrix signed willingly and executed it as her free and voluntary act for the purposes therein expressed; that each subscribing witness in the hearing and sight of the testatrix signed the Will as a witness and that to 8 the best of his or her knowledge the testatrix was at that time eighteen (18} years of age or older, of sound mind and under no constraint or undue influence. ~--. ~ __. LOUISE ARNDT MAY Witness ~~ ~~~ ~ fitness ,,, ,,,, ~ ~ n ~ d, L: testatrix, and subscribed and sworn to before me by ~, /~C~~Nr ~!-t ~~Tf~ /`?./~ % , 1997. Subscribed, sworn to and acknowledged before me by LOUISE ARNDT MAY, the Witness the witnesses, this r ~==~ and day of /'(' - l~~ZC'.. 1VOt ry PUbIIC Notarial Seal ~Laure E. Kane, Notary Public Camp Hill Boro, Cumberland County E My Commission expires Nov. 15, 1999 Member, Pennsylvania Associ~uan er Nntu~°ie~, My Commission expires: SEAL 9 PERSONAL PROPERTY MEMORANDUM TO ACCOMPANY WILL OF LOUISE ARNDT MAY As provided in Article One of my Will, I hereby designate that the following listed property shall go to the persons whose names are designated herein. ITEM: NAME: 1 2. 3. 4. S. E. 7. 8. 9 l 0. I1. 12. 13. ~4. 15. 16. 17. 18. 19. ~-i ~ ~' ~~~~ ~ ~ y In the Court of Common Pleas of the 9th Judicial District of Pennsylvania, Cumberland County Branch, Orphans' Court Division File No. 21-08-0130 - -- Estate of Louise Arndt May, Decease ______-~------ Late of Borough of Camp Hill - ~ First and Final Account _, '~` ~_., r~~ of = -r~ ~~ ..T, --{ .. :~' ~ _';' Kathleen E. May-Hartzok, Executrix M-- 01117/2008 Date of Death: None Date of Incapacity, if any: 02106/2008 Date of Executrix's Appointment: 02/2012008 Date of First Complete Advertisement: 0111712008 to 03/0512010 Accounting for the period: Purpose of Account: Kathleen E. May-Hartzok, Executrix, offers this Account to acquaint interested parties with the transactions that have occurred during the Administration. It is important that the Account be carefully examined. Requests for additional information or questions or objections can be discussed with: Jerrold A. Sulcove Esq. Black and Davison 82 West Queen Street Chambersburg, PA 17201 717-264-5194 Supreme Court I.D. No. 92826 ~~ SUMMARY OF ACCOUNT Estate of Louise Arndt May, Deceased Receipts: This Account Net Gain (or Loss) on Sales or Other Dispositions Less Disbursements: Debts of Decedent Funeral Expenses Administration Expenses Federal, State & Local Taxes Commissions Fees Family Exemption Balance Before Distributions Transfer to (from) Principal Distributions to Beneficiaries Principal Balance on Hand For Information: Investments Made Changes in Holdings Receipts This Account Net Gain (or Loss) on Sales or Other Dispositions Less Disbursements Balance Before Distributions Transfer to (from) Income Distributions to Beneficiaries Income Balance on Hand For Information: Investments Made Changes in Holdings COMBINED BALANCE ON HAND Signature Verification 3-4 5-7 8-11 11 -12 12 -19 19-20 20 20 21 22 23 - 25 26 - 28 29 30 32 32 339,601.61 -12,454.23 327,147.38 15,211.63 13,618.74 50,555.99 18,974.73 12,580.00 12,880.00 0.00 123,821.09 203,326.29 0.00 11,280.00 192,046.29 14,823.05 0.00 14,823.05 14,305.38 517.67 0.00 0.00 517.67 192,563.96 SCHEDULE A RECEIPTS OF PRINCIPAL Continued Fiduciary Acquisition Value Personal Pronert~c raisal African Art - as per app 2,910.00 Cordier Antiques -net proceeds from sale 705.54 Ford Fusion -sale proceeds 12,895.00 Personal property - as per appraisal 8,370.00 Total Personal Property 24.880.54 487.9880 c+~~ks 1 Listed American High Income Trust -date of death 5,626.50 0560 220 value Capital Income Bldr Fund -date of death value 13,018.51 . 506.0640 Fidelity Advisor Ser VIII Strategic Income B - 5,895.65 date of death value 3140 430 1 Van Kampen Eq Inc A -date of death value 12,143.37 . . Total Stocks 1 Listed 36.684.03 6.000.0000 Bonds GTE Corp dtd 4115198 6.46% -date of death 6,024.35 value 024.35 6 Total Bonds . Real Estat~- 241,011.00 Real estate lying and being situate in the Borough of Camp Hill, Cumberland County, Pennsylvania, having a street address of 343 Regent Street, Camp Hill, parcel #01-20-1852-136 - as per assessment record Total Real Estate 241.011.00 Total Receipts 339.601.61 Total Receipts of Principal 339.601.61 -4- SCHEDULE B GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS -PRINCIPAL 04/08/2008 487.9880 American High Income Trust -sale Net Proceeds 5.548.42 Fiduciary Acquisition Value -5.626.50 04/0812008 2.3230 American High Income Trust -sale Net Proceeds 26.41 Fiduciary Acquisition Value -26.83 0410812008 3.2170 American High Income Trust -sale Net Proceeds 36.58 Fiduciary Acquisition Value -36.77 2990 American High Income Trust -sale 3 0410812008 . Net Proceeds 37.51 Fiduciary Acquisition Value -37.01 0410812008 220.0560 Capital Income Bldr Fund -sale Net Proceeds 12.965.70 Fiduciary Acquisition Value -13.018.51 04/0812008 2.0020 Capital Income Bldr Fund -sale Net Proceeds 117.96 Fiduciary Acquisition Value -114.41 0640 Fidelity Advisor Ser VIII Strategic I 506 ncome B - 04108/2008 . sale Net Proceeds 5.845.04 Fiduciary Acquisition Value -5.895.65 Sz;~in Loss -78.08 -0.42 -0.19 0.50 -52.81 3.55 -50.61 -5- SCHEDULE B GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS -PRINCIPAL Continued 8320 Fidelity Advisor Ser VIII Strategic Income B - 1 0410812008 . sale Net Proceeds 21.16 Fiduciary Acquisition Value -21.36 4390 Fidelity Advisor Ser VIII Strategic Income B - 2 04/0812008 . sale Net Proceeds 28'17 Fiduciary Acquisition Value -27.93 6660 Fidelity Advisor Ser VIII Strategic Income B - 0 0410812008 . sale Net Proceeds 7.69 Fiduciary Acquisition Value -7.63 6530 Fidelity Advisor Ser VIII Strategic Income B - 1 04/0812008 . sale Net Proceeds 19.09 Fiduciary Acquisition Value -19.14 0410812008 6.000.0000 GTE Corp dtd 4115198 6.46% -sale Net Proceeds 6.000.00 Fiduciary Acquisition Value -6.024.35 04/08/2008 1.430.3140 Van Kampen Eq Inc A -sale Net Proceeds 11.900.21 Fiduciary Acquisition Value -12.143.37 04108/2008 10.3100 Van Kampen Eq Inc A -sale Net Proceeds 85.78 Fiduciary Acquisition Value -83.82 0.24 0.06 1.96 Loss -0.20 -0.05 -24.35 -243.16 -6- SCHEDULE B GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS -PRINCIPAL Continued Sz~in 04/0812008 1.1780 Van Kampen Eq Inc A -sale Net Proceeds 9.80 0.22 Fiduciary Acquisition Value -9.58 06/25/2008 0.1760 Capital Income Bldr Fund -sale Net Proceeds 10.08 0.04 Fiduciary Acquisition Value -10.04 06/2512008 0.2890 Capital Income Bldr Fund -sale Net Proceeds 16.56 0.07 Fiduciary Acquisition Value -16.49 Real estate lying and being situate in the 0810712009 Borough of Camp Hill, Cumberland County, Pennsylvania, having a street address of 343 Regent Street, Camp Hill, parcel #01-20-1852-136 -sale Gross Proceeds 229.000.00 Fiduciary Acquisition Value -241.011.00 TOTAL GAINS AND LOSSESIPRINCIPAL 6.64 -12.460.87 LESS LOSS NET GAIN OR LOSS -12.454.23 Loss -12.011.00 -7- SCHEDULE C DISBURSEMENTS OF PRINCIPAL ~~ 495.00 0810712009 home warranty on sale of real estate ~~~..~ c~~~.,-+pnt Processing 25.75 01128/2008 debt of decedent Barristers and Abstract General - Hba 5.00 08/07/2009 tax certification on sale of real estate Borough of Camg Hi ll Sewer 52.50 0113012008 debt of decedent Br`~an Withinaton 127.50 0112612008 debt of decedent ~'~ 819.50 02/04/2008 debt of decedent 2.54 0311012008 debt of decedent ~~~ 53.33 0112612008 debt of decedent 495.00 25.75 5.00 52.50 127.50 822.04 -8- SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued ~` .,,nrrn gan{~ checkina account #053627999 25.00 0111812008 check written prior to death but cleared after death r i.,th Plumbina 8 ~ Heatina 50.00 01126/2008 debt of decedent Fair loth Plumbina Heatina & AC 50.00 0312612008 debt of decedent Fora h"otor Credit a ccount #041441374 209.66 02/0412008 debt of decedent 2pg.66 0212512008 debt of decedent 209.66 03/30/2008 debt of decedent 209.66 0510412008 debt of decedent 213.85 06101/2008 debt of decedent 284.66 06/2212008 debt of decedent 2pg.66 0713012008 debt of decedent 10.277.53 payoff debt of decedent 09122/2008 re~sinaer Health Center 12.29 0113012009 debt of decedent 53.33 25.00 50.00 50.00 11.824.34 12.29 -9- SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued I net L h"filler Tax ollector 5.50 1112612008 2008 personal tax 5.50 _Ir Pennev 50.00 0210112008 debt of decedent 50.00 Ic~4hlnan F Mav-Har tZOk reimbursement for 2007 2040 tax due on 707.00 0411512008 decedent's return 707.00 PA Ameri an Water 34.47 0112612008 debt of decedent 34.47 Ppnn Waste Inc. 48.75 03110/2008 debt of decedent 48.75 PPI Flectr~c 46.18 0112612008 debt of decedent 46.18 Retail Services 2 66.16 0113012008 debt of decedent 66.16 -10- SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued S Berne Srr ith 0212512008 debt of decedent ~~;~r~~hann~ Internal Medicine 0 211 812 0 0 8 debt of decedent UGI lltilit~Ps Inc. 01/31/2008 debt of decedent Verizon 0113112008 debt of decedent Total Debts of Decedent Funeral Expenses john S Wadel 08/27/2008 funeral expense ~l.~+hlnnn F Mav-Hartzok 02108/2008 reimbursement for CP Women's Association - funeral expense 02/18/2008 reimbursement for Everlasting Love Forists - funeral expense 12/14/2008 reimbursement for opening of grave 375.00 6.81 186.30 142.71 70.00 150.00 312.50 700.00 375.00 6.81 186.30 142.71 15.211.63 70.00 -11 - SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued 2.208.52 0112612009 reimbursement for additional funeral expenses advanced 3.371.02 Tim Salerno 10.177.72 0410112008 reimbursement for funeral expenses 10.177.72 Total Funeral Expenses Administration Expenses 13.618.7 ~~,..., o~.,n,gn+ proce ssina 25.75 0212512008 miscellaneous expense 27 75 03/2612008 miscellaneous expense 27 75 05/04/2008 miscellaneous expense 27 75 05121!2008 miscellaneous expense 27 75 0612212008 miscellaneous expense 55.50 08/2112008 miscellaneous expense 55.50 0 911 812 0 0 8 miscellaneous expense 27 75 09122/2008 miscellaneous expense 27 75 01111/2009 miscellaneous expense 27 75 0212312009 miscellaneous expense 27 75 0311712009 miscellaneous expense 55.50 04/01/2009 miscellaneous expense 85.25 0712212009 miscellaneous expense 499.50 174.58 03126/2008 legal notice 653.93 09/0212009 administration expenses advanced 300.00 09/02/2009 reserve for closing costs -12- SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued administration expenses advanced 109.26 0910212009 l reserve for closing costs due to i 400.00 0910212009 ona addit rease in costs and court accounting i nc Borouah of Camg Hil l Sewer 52.50 05122/2008 miscellaneous expense 52.50 07/3012008 miscellaneous expense 52.50 1013012008 miscellaneous expense 82.50 01/3012009 miscellaneous expense 82,50 04127/2009 miscellaneous expense 82.50 0810712009 miscellaneous expense 62.50 09/02/2009 miscellaneous expense Bryan Withinaton 50.00 0313012008 miscellaneous expense 70.00 0510412008 miscellaneous expense 56.00 05/2112008 miscellaneous expense 112.00 06/2212008 miscellaneous expense 112.00 0713012008 miscellaneous expense 140.00 0 911 812 0 0 8 miscellaneous expense 311.50 11/1612008 miscellaneous expense 108.50 1211412008 miscellaneous expense 90.00 0210712009 miscellaneous expense g0.00 0410112009 miscellaneous expense 404.85 0412712009 miscellaneous expense 60.00 0511812009 miscellaneous expense 120.00 0612512009 miscellaneous expense 120.00 0712212009 miscellaneous expense 180.00 0910212009 miscellaneous expense 1.637.77 407.50 2.024.85 -13- SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued .-~ ~t credit to buvers~aardinn sale of real estate ~,.,~ina co 3.900.00 0810712009 3.900.00 Gordier Antiaues 8~ Fine Art raisal fee 427.50 0612212008 personal property app 190.00 1110412008 travel, inspection, photos and research regarding appraisal of African Art 617.50 ~roaf Brothers. Inc. 1.944.64 0111312009 broken pipe repair at real estate 157.99 03/1712009 repair due to no heat 2.102.63 ,,,,,y~,la„d G^~~^+v Recorder of Deeds 2.290.00 0810712009 1% transfer tax on sale of real estate 2.290.00 FRA-NRT. LLC 6.870.00 08/0712009 commission on sale of real estate 165.00 08107/2009 Brokerage fee regarding sale of real estate 7.035.00 Fiaelity Adviscr c°r viu Strateaic Income B 158.26 0410812008 expense regarding sale 158.26 ^Tc rorg dtd 4115198 6.46% 04108/2008 expense regarding sale 5.00 -14- SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued Howard Hanna Rpal Estate commission on sale of real estate 6.870.00 08107/2009 James Zamoelli repairs to 343 Regent Street, Camp Hill, PA 3.958.83 04/2712009 108.27 08/0712009 electrical repairs regarding sale of real estate Janet L Mill r Tax C ollector 2008-2009 school real estate taxes 2.643.26 08/2712008 2008 County Borough real estate taxes 1.379.03 1112612008 2009-2010 school real estate taxes 2.754.53 08/07/2009 2009 County Borough real estate taxes 1.403.80 08/07/2009 Karl Stine removal of trash from property 75.00 1111812008 Ka hleen E Mav-Hatt zok reimbursement for storage containers 90.51 02/09/2008 reimbursement for mouse traps 9.06 0311012008 reimbursement for personal property appraisal 50.00 0410612008 eimbursement for alarm system battery 14.83 09/24/2008 r bursement for Tye Schwartz moving i 730.00 1 211 412 0 0 8 m re expense reimbursement for short certificates 12.00 02/2312009 5.00 6.870.00 4.067.10 8.180.62 75.00 -15- SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued 04/0112009 reimbursement for removal of trash from lies property, additional death certificates, supp ' for repairs at property, repairs to property 0412712009 reimbursement for microwave repair 0910212009 reimbursement for service calls under sale of real estate repair contract; pest inspection; moving expenses to remove remaining property ~ inda McBeth 0810712009 notary fee regarding sale of real estate nn~.-1,ap~ Ca__n_n__er personal property appraisal 0612212008 nrrstown Banh es ate checkina amount #103007718 0 211 312 0 0 8 0212512008 03/3012008 05/04/2008 05/2112008 06122/2008 07/30/2008 0911812008 0912212008 01111/2009 0112612009 0212312009 estate checks miscellaneous expense miscellaneous expense miscellaneous expense miscellaneous expense miscellaneous expense miscellaneous expense miscellaneous expense miscellaneous expense miscellaneous expense water break miscellaneous expense 2.538.10 60.00 436.10 10.00 300.00 114.70 24.94 13.36 12.05 12.23 12.74 12.82 12.82 13.01 43.15 186.48 13.46 3.940.60 10.00 300.00 114.70 -16- SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued 0410112009 miscellaneous expense 0412712009 miscellaneous expense 0612512009 miscellaneous expense 0712212009 miscellaneous expense 09/02/2009 miscellaneous expense Penn Waste. Inc. 06/2212008 miscellaneous expense 09122/2008 miscellaneous expense PPI Flertrlc 02/2512008 miscellaneous expense 03/2612008 miscellaneous expense 0510412008 miscellaneous expense 0512112008 miscellaneous expense 0612212008 miscellaneous expense 0713012008 miscellaneous expense 08121/2008 miscellaneous expense 0912212008 miscellaneous expense 11/1612008 miscellaneous expense 01111/2009 miscellaneous expense 01130/2009 miscellaneous expense 02123/2009 miscellaneous expense 0410112009 miscellaneous expense 0412712009 miscellaneous expense 0612512009 miscellaneous expense 09102/2009 miscellaneous expense Tim Salerno 12/0112008 van rental 12.44 15.35 28.07 11.83 13.25 48.75 48.75 39.11 38.92 38.05 59.14 14.41 46.63 49.12 55.14 101.94 28.26 42.41 21.16 20.41 28.83 38.57 46.59 514.70 438.00 97.50 668.69 -17- SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued i ravClc~ '^''°mnity a nd Affiliates 27 90 02/2512008 homeowners' insurance 80.67 0212512008 auto insurance 36.99 02/25/2008 auto insurance 44.30 03126/2008 homeowners' insurance 80.67 03/3012008 auto insurance 80.67 05/0412008 auto insurance 44.30 05/04/2008 homeowners' insurance 98.60 0512112008 auto insurance 170.67 0610112008 auto insurance 74.33 0713012008 auto insurance 39.30 0713012008 homeowners' insurance 80.00 0911812008 auto insurance 44.30 0911812008 homeowners' insurance gg.60 09/2212008 homeowners' insurance 170.00 10/08/2008 auto insurance 28 20 1111812008 homeowners' insurance 38.75 01118/2009 homeowners' insurance 38.75 02/2312009 homeowners' insurance 38.75 0410112009 homeowners' insurance 38.75 0412712009 homeowners' insurance 87,50 0612512009 homeowners' insurance 38.75 0712212009 homeowners' insurance 181.70 02/1812008 miscellaneous expense 184.00 03/10/2008 miscellaneous expense 184.00 0411812008 miscellaneous expense 138.00 0512212008 miscellaneous expense 139.73 0612212008 miscellaneous expense 514.70 1.480.75 -18- SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued 0713012008 miscellaneous expense 0812112008 miscellaneous expense 0912212008 miscellaneous expense 1010812008 miscellaneous expense 11/0712008 miscellaneous expense 1 211 412 0 0 8 miscellaneous expense 0111212009 miscellaneous expense 0211112009 miscellaneous expense 0311712009 miscellaneous expense 0412712009 miscellaneous expense 0511812009 miscellaneous expense 06/25/2009 miscellaneous expense 0712212009 miscellaneous expense 0910212009 miscellaneous expense Verizon 0212512008 miscellaneous expense 0312612008 miscellaneous expense 0 411 812 0 0 8 miscellaneous expense 0512112008 miscellaneous expense Total Miscellaneous Administrative Expenses 1=~~Cral S#^*° ^"'~ ~ Heal Taxes RpnictPr of ~"!Ills Aaent 0410912008 PA Inheritance Tax discount payment 10/1012008 PA Inheritance Tax balance due 139.73 172.00 187.31 194.00 194.00 194.00 109.00 109.00 109.00 85.05 84.00 84.00 45.00 14.01 143.10 142.72 142.83 144.14 6.000.00 12.974.73 2.547.53 572.79 50.555.99 18.974.73 -19- SCHEDULE C DISBURSEMENTS OF PRINCIPAL Continued 18.974.73 Total Taxes ro::~missions I; ~h~son E Mav-Hartzok 12.580.00 09102/2009 executrix fee 12.580.00 12.580.OQ Total Commissions Fees Black and Davison 6.000.00 1011012008 attorney fee -partial payment 6.580.00 0910212009 attorney fee -balance 12.580.00 omith Elliott earns & Co. 300.00 05/0412008 2007 personal income tax preparation fee 300.00 12.880.00 Total Fees 123.821.09 TOTAL DISBURSEMENTS OF PRINCIPAL - 20 - SCHEDULE D DISTRIBUTIONS OF PRINCIPAL Amv L Mav-Snider 400.00 01/17/2008 Personal property -distribution in kind 660.00 1011112008 African Art -distribution in kind 1.060.00 ~Q+;;ioo., F Mav-Hartzok distribution in kind 3.730.00 0111712008 Personal property - 1.230.00 10/11/2008 African Art -distribution in kind 4.960.00 Mea Ann Mav-Hobbs 1.500.00 0111712008 Personal property -distribution in kind 560.00 1011112008 African Art -distribution in kind 2.060.00 D hnrr~ q Mav-Salerno 2.740.00 01/1712008 Personal property -distribution in kind 460.00 1011112008 African Art -distribution in kind 3.200.00 TOTAL DISTRIBUTIONS TO BENEFICIARIES 11.280.00 -21- SCHEDULE E PRINCIPAL INVESTMENTS MADE cost 01/29/2008 02/01/2008 02/2112008 02121/2008 02/2912008 03/03/2008 0311712008 0311712008 03/2812008 0313112008 06/2312008 0612312008 # Units 2.3230 1.8320 2.4390 0.6660 3.2170 1.6530 10.3100 1.1780 2.0020 3.2990 0.1760 0.2890 American High Income Trust Fidelity Advisor Ser VIII Strategic Income B Fidelity Advisor Ser VIII Strategic Income B Fidelity Advisor Ser VIII Strategic Income B American High Income Trust Fidelity Advisor Ser VIII Strategic Income B Van Kampen Eq Inc A Van Kampen Eq Inc A Capital Income Bldr Fund American High Income Trust Capital Income Bldr Fund Capital Income Bldr Fund 26.83 21.36 27,93 7.63 36.77 19.14 83 82 9.58 114.41 37.01 10.04 16.49 411.01 Total -22- SCHEDULE F CHANGES IN PRINCIPAL HOLDINGS Afri an Art 2.910.00 10/11/2008 inventoried -1.230.00 1011112008 distributed -460.00 10/1112008 distributed -560.00 10/1112008 distributed -660.00 10111/2008 distributed 0.00 omerican Hi ah Income Trust 5.626.50 0111712008 487.9880 inventoried 26.83 01/2912008 2.3230 dividend reinvestment 36.77 0212912008 3.2170 dividend reinvestment 37.01 0313112008 3.2990 dividend reinvestment -5.626.50 04/0812008 -487.9880 sold _26.83 0410812008 -2.3230 sold -36.77 0410812008 -3.2170 sold -37.01 0410812008 -3.2990 sold 0.00 0.0000 Ga^~+^I Inco me Bldr Fund 13.018.51 0111712008 220.0560 inventoried 114.41 0312812008 2.0020 dividend reinvestment -13.018.51 04108/2008 -220.0560 sold -114.41 04/0812008 -2.0020 sold 10.04 06123/2008 0.1760 dividend reinvestment 16.49 06/2312008 0.2890 dividend reinvestment -10.04 0612512008 -0.1760 sold -16.49 06/2512008 -0.2890 sold 0.00 0.0000 r~a~v Ad visor Ser VIII Strateaic Incomes 5,gg5.65 0111712008 506.0640 inventoried -23- SCHEDULE F CHANGES IN PRINCIPAL HOLDINGS Continued # Units Cost 02/01/2008 1.8320 dividend reinvestment 21.36 02/21/2008 2.4390 dividend reinvestment 27.93 02/21/2008 0.6660 dividend reinvestment 7.63 03/03/2008 1.6530 dividend reinvestment 19.14 04/08/2008 -506.0640 sold -5.895.65 04/08/2008 -1.8320 sold -21.36 04/08/2008 -2.4390 sold -27.93 0410812008 -0.6660 sold -7.63 04/08/2008 -1.6530 0.0000 sold -19.14 0.00 GTE Corn dtd 4115198 6.46% 01/1712008 6.000.0000 inventoried 6.024.35 04/0812008 -6.000.0000 sold -6.024.35 0.0000 0.00 Personal Rro 01/17/2008 nertv inventoried 8.370.00 01/1712008 distributed -3.730.00 01 /1712008 distributed -2.740.00 01/17/2008 distributed -400.00 01/1712008 distributed -1.500.00 0.00 Real estate lying and beipg situate in the Borough of amn Hill Cumberland Countv. Pennsylvania. having a street address of 343 Regent Street. Camn Hill. parcel #01-20-1852-136 01 /17/2008 inventoried 08/07/2009 sold 01117/2008 1.430.3140 inventoried 0311712008 10.3100 dividend reinvestment 241.011.00 -241.011.00 12.143.37 83.82 -24- SCHEDULEF CHANGES IN PRINCIPAL HOLDINGS Continued Cost ~~~ 9.58 0311712008 1.1780 dividend reinvestment -12.143.37 0410812008 -1.430.3140 sold -83.82 0410812008 -10.3100 sold -9.58 04/0812008 -1.1780 sold 0.00 0.0000 0.00 Total -25- SCHEDULE G RECEIPTS OF INCOME u'nh I COf~YJJ-~" 0112912008 2.3230 dividend reinvestment 0212912008 3.2170 dividend reinvestment 0313112008 3.2990 dividend reinvestment dividend 0412912008 -- nme Bldr F111].S~ 0312812008 2.0020 dividend reinvestment 0612312008 0.1760 dividend reinvestment 0612312008 0.2890 dividend reinvestment 26.83 36.77 37.01 14.88 114.41 10.04 16.49 8320 1 dividend reinvestment 0112008 021 . 4390 2 dividend reinvestment 0212112008 . 6660 0 dividend reinvestmen 0212112008 . 1.6530 dividend reinvestment 0310312008 dividend 0410112008 dividend 0510112008 0311712008 0311712008 10.3100 1.1780 dividend reinvestment dividend reinvestment TOTAL DIVIDEND INCOME 21.36 27.93 7.63 19.14 19.90 6.29 83.82 9.58 115.49 140.94 102.25 93.40 452.08 -26- SCHEDULE G RECEIPTS OF INCOME Continued ___~_ _~..,.~ (' Ba ~~ ~ :.,.. ~rrnnnt#0536279995 ~„w 0.59 02119/2008 interest 0.37 0311912008 interest 0.70 0411712008 interest 1.05 0 511 812 0 0 8 interest 1.15 0611812008 interest 1.32 0711812008 interest 1.60 08119/2008 interest 1.30 0911812008 interest ~fini~ pQ,,,G~~ aCGO~~ nt #54J-06969-18-504 14.24 0113112008 interest 25 97 0212912008 interest 1.75 02/2912008 interest 0.43 0212912008 interest 1.26 0313112008 interest 0.30 0313112008 interest 20.68 0313112008 interest 0.76 04109/2008 interest 0.56 04/0912008 interest 0.02 0412912008 interest 22.54 0610512008 interest TOTAL BANK INTEREST 8.08 88.51 96.59 - 27 - SCHEDULE G RECEIPTS OF INCOME Continued c~~~ I SPGLrItV Add i ~nistration ment to be returned February pay 1.382.00 0210112008 March payment to be returned 1.382.00 0310312008 April payment to be returned 1.382.00 04/0312008 May payment to be returned 1.382.00 05/01/2008 June payment to be returned 1.382.00 06/0312008 July payment to be returned 1.382.00 07/03/2008 August payment to be returned 1.382.00 0810112008 The Board of Pension 1.533.46 0210112008 February payment to be returned 1.533.46 03103/2008 March payment to be returned 1.533.46 0410112008 April payment to be returned TOTAL RECEIPTS OF INCOME 9.674.00 4.600.38 14.274.38 14.823.05 - 28 - SCHEDULEI DISBURSEMENTS -INCOME rurnberland Go ~n v Rean star of Wills 1011012008 PA Inheritance Tax Return filing fee 06/26/2009 Supplemental PA Inheritance Tax Return filing fee Pennslvvania DegartmP~t of Revenue 02116/2009 2008 PA41 tax due Social Se~~~r~+v Adminis ration February, March, April, May, June, July and 08131/2008 August payments returned TnP Board of Pension 0812112008 February, March and April payments returned TOTAL DISBURSEMENTS OF INCOME 15.00 15.00 1.00 9.674.00 4.600.38 30.00 1.00 9.674.00 4.600.38 14.305.38 -29- COMBINED BALANCE ON HAND # Units Description Cash Orrstown Bank estate the #103007718 Total Cash Current Value 03/05/2010 or as Noted 192.563.96 192.563.96 Fiduciary Acquisition Value 192.563.96 192.563.96 ~ g2.~~3.96 192.563.96 -30- PROPOSED DISTRIBUTION TO BENEFICIARIES Amy L. May-Snider Cash Kathleen E. May-Hartzok Cash Meg Ann May-Hobbs Cash Rebecca A. May-Salerno Cash TOTAL PROPOSED DISTRIBUTIONS TO BENEFICIARIES...... $ 49,900.99 $ 46,000.99 $ 48,900.99 $ 47,760.99 $192,563.96 -31- COMMONWEALTH OF PENNSYLVANIA : SS COUNTY OF FRANKLIN AFFIDAVIT Kathleen E. May-Hartzok, Executrix under the Estate of LOUISE ARNDT MAY, deceased, hereby declares under oath that she has fully and faithfully discharged the duties of her office; that, except as set forth herein, the foregoing Account is true and correct and fully discloses all significant transactions occurring during the accounting period; that all known claims against the Estate have been paid in full, except where indicated, and that to her knowledge, there are no claims now outstanding against the Estate; that all taxes presently due from the Estate have been paid; and that more than four months have elapsed since the first complete advertisement of the granting of letters in this Estate. Kat 1 ri E. May-Hartzo~,~E~ecutrix Subscribed and sworn to by Kathleen E. May-Hartzok, Executrix, NorAalA~ sE~. MAIINDA E BOWERS Notary PubUC GREENE 1WP fRANKtIN COUNiII My Commbslon Expires Ap- 2>!, 2010 -32- before me this ~ day of ~,~_, 2010