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HomeMy WebLinkAbout05-26-10 (2)~ `~ REV-150 0 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue Bureau of Individual Taxes INHERITANCE TAX RETURN County Code. Year Fite Number PO sox 2aosol 2 1 1 0 0 0 2 6 2 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 2 0 4 3 0 8 7 5 1 0 3 1 0 2 0 1 0 0 1 2 4 1 9 4 1 Decedent's Last Name Suffix Decedent's First Name MI H A I R R I C H A R D H I 1505607121 (If Applicable) Enter Surviving Spouse's Information Below FILL IN APPROPRIATE OVALS BELOW Spouse's Last Name Suffix Spouse's First Name MI H A I R J U D I T H F Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE 2 0 6 3 2 3 8 3 4 REGISTER OF WILLS Q 1.Original Return ~ 2. Supplemental Return ~ 3. Remainder Return (date of death prior to 12-13-82) 4. Limited Estate ~ 4a. Future Interest Compromise (date of ~ 5. Federal Estate Tax Return Required death after 12-12-82) © 6. Decedent Died Testate ~ 7. Decedent Maintained a Living Trust 0 8. Total Number of Safe Deposit Boxes (Attach Copy of Wiil) (Attach Copy of Trust) 9. Litigation Proceeds Received ~ 10. Spousal Poverty Credit (date of death ~ 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. O) PP M A R T S O N L A W O F F I C E S First line of address 1 0 E A S T H I G H S T R E E T Second line of address CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number H U B E R T X G I L R O Y E S Q 7 1 7 2 4 3 3 3 4 1 Firm Name (If A livable) City or Post Office C A R L I S L E State P A REGISTER OF WILLS U~QNLY ~? ~~ ~,. 4~i:~ ~ ~- x- ~~~ --4 «~ ~ ~ ~~ ~; ~~ ~ A? F -_ ~ ILED t~3 ... ._r :, ! ~.....,~ .. ,,.~ ' ': ~ ..~ a _; t _.~_F `T .i '~ i ~.-. ZIP Code L 1 7 0 1 3 ,~ cl~ Correspondent's e-mail address: H G I L R O Y a M A R T S O N L A W• C O M under Wattles of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it i tract and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SI OF ERSgN RE$PO)ISIBLE FOR FILING RETURN Wert _ ADDRESS 10 EAST H PLEASE USE ORIGINAL FORM ONLY Side 1 1505607121 1505607121 J J 1505607221 REV-1500 EX Decedent's Social Security Number 2 0 4 3 0 8 7 5 1 Decedent's Name: RICHARD H- HAIR RECAPITULATION 1. Real estate (Schedule A) ........................................ 1 1 2 3 3 5. 1 8 2. Stocks and Bonds (Schedule B) .................................. 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ..... 3. 4. Mortgages & Notes Receivable (Schedule D) ........................ 4. 4 0 0 5 5. 3 0 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ....... 5. 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ....... 6• 5 2 2 3. 4 4 7. Inter-vivos Transfers & Miscellaneous N-Probate Property ted R e Billi t ~ S 7 2 9 8 2 7. 1 8 ....... equ s ng epara e (Schedule G) . 8. Total Gross Assets (total Lines 1-7) ........................... 8. 8 7 4 4 1. 1 0 ....... 9. Funeral Expenses & Administrative Costs (Schedule H) ...... 9. ... 5 6 4 9 . 8 5 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) ... ......... 10. 11. Total Deductions (total Lines 9 & 10) .................. ......... 11. 5 6 4 9 . 8 5 12. Net Value of Estate (Line 8 minus Line 11) ................ ...... ... 12• 8 1 7 9 1 . 2 5 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) ......... ..... .... 13. • 8 1 7 9 1 2 5 14. Net Value Subject to Tax (Line 12 minus Line 13) .................. 14. . TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 6 8 1 6 6 8 5 15 0. 0 0 . (a)(1.z> x.oo . 16. Amount of Line 14 taxable 1 3 6 2 4 4 0 6 1 3. 1 0 at lineal rate X .045 16. 17. Amount of Line 14 taxable 0 0 0 17 0 . 0 0 at sibling rate ~ X .12 , 18. Amount of Line 14 taxable 0 0 0 0. 0 0 at collateral rate X .15 1 g, 6 1 3. 1 0 19. Tax Due ...................................... ...... ....19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ^ Side 2 1505607221 1505607221 REV-1500 EX Page 3 File Number n..,.,..r...,.~~~. ~+.,.,r..~.lnfe Arlrlrocc• 21 10 00262 .r.......,........ ~~...r---- - ------ ---- DECEDENT'S NAME RICHARD H. HAIR STREET ADDRESS 6 SOUTH WALNUT STREET CITY STATE ZIP MT HOLLY SPRINGS PA 17065 Tax Payments and Credits: 1. Tax Due (Page 2 lJne 19) (1) 613.10 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount 30.65 Total Credits (A + B + C) (2) 30.65 3. Interest/Penalty if applicable D. Interest E. Penalty Total Interest/Penalty (D + E) (3) 0.00 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. (4) 0.00 5. If Line 1 + Line 3 is greater than LJne 2, enter the difference. This is the TAX DUE. (5) 582.45 A. Enter the interest on the tax due. (5A) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (56) 582.45 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred : ............................................................ .......... ^ ^ 0 b. retain the right to designate who shall use the property transferred or its income; ..................... .......... ^ ^ c. retain a reversionary interest; or ...................................................................................... .......... ^ 0 d. receive the promise for life of either payments, benefits or care? ............................................. .......... 2. If death occurred after December 12,1982, did decedent transfer property within one year of death ^ 0 without receiving adequate consideration? ............................................................................. ' ' .......... ^ or payable upon death bank account or security at his or her death? intrust for 3. Did decedent own an ......... 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ........................................................................................ .......... 0 ^ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1,1994 and before January 1,1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent (72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116(a)(1.2)J. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116(1.2) [72 P.S. §9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. REV-1503 EX + (6-98) SCHEDULE B COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER RICHARD H. HAIR 21 10 00262 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. 908 shares, common, Foot Locker Inc. (980881106) @ 13.585 12,335.18 TOTAL (Also enter on line 2, Recapitulation) ~ $ 12,335.18 (If more space is needed, insert additional sheets of the same size) REV-1508 EX + (6-98) SCHEDULE E COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, & MISC. INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER RT(~:uARI~ H. HAIR 21 10 00262 __ Include the proceeds of litigation and the date the proceeds were receroed by the estate. All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE ~, NUMBER DESCRIPTION OF DEATH 1. M&T Bank, Certificate of Deposit 31003920292487 11,916.30 2. M&T Bank, Checking 3740925262 4,139.00 3. 2003 Buick Rendezvous 6,000.00 4 2008 Pontiac Torrent 18,000.00 TOTAL (Also enter on line 5, Recapitulation) $ 40.055.30 (If more space is needed, insert additional sheets of the same size) REV-1509 EX + (6-98) SCHEDULE F COMMONWEALTH OF PENNSYLVANIA JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER uT~uaRn u_ uatR 21 10 00262_ If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. SURVIVING JOINT TENANT(S) NAME A. Judith F. Hair B C ininlTi V-nW~IRn DRADFRTV• 6 S Walnut St Mt. Holly Springs, PA 17065 ADDRESS RELATIONSHIP TO DECEDENT Spouse ITEM NUMBER LETTER FOR JOINT TENANT DATE MADE JOINT DESCRIPTION OF PROPERTY INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST DATE OF DEATH VALUE OF DECEDENTS INTEREST 1. A. 1983-97 769 shares, common, Foot Locker Inc. (980881106) @13.585 10,446.87 50. 5,223.44 TOTAL (Also enter on line 6, Recapitulation) I ~ 5,223.44 (If more space is needed, insert additional sheets of the same size) REV-1510 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY ESTATE OF FILE NUMBER _ - _-- - - _ -- _ _ . _.. 71 10 00262 This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM NUMBER DESCRIPTION OF PROPERTY INCLUDE THE NAME OF THE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND THE DATE OF TRANSFER. ATTACHACOPYOFTHEDEEDFORREALESTATE. DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST EXCLUSION (IFAPPUCABLE) TAXABLE VALUE 1. M&T Bank, IRA 35004200223458; beneficiaries: Judith F. Hair, 6,534.70 100. 6,534.70 spouse-75%; Todd R. Hair, son-12.5%; Brent W. Hair, son-12.5% 2. M&T Bank, IRA 35004200310792; beneficiaries: Judith F. Hair, 3,237.10 100. 3,237.10 spouse-75%; Todd R. Hair, son-12.5%; Brent W. Hair, son-12.5% 3. M&T Bank, IRA 35004202375033; beneficiaries: Judith F. Hair, 13,156.89 100. 13,156.89 spouse-75%; Todd R. Hair, son-12.5%; Brent W. Hair, son-12.5% 4. M&T Bank, IRA 35004202375075; beneficiaries: Judith F. Hair, 6,898.49 100. 6,898.49 spouse-75%; Todd R. Hair, son-12.5%; Brent W. Hair, son-12.5% TOTAL (Also enter on line 7 Recapitulation) ~ ~ 29,827.18 (If more space is needed, insert additional sheets of the same size) REV-1511 EX + (10-06) SCHEDULE H COMMONWEALTH OF PENNSYLVANIA FUNERAL EXPENSES & INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER RiCHARI~ H. HAIR 21 10 00262 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative (s) Street Address City State Zip Year(s) Commission Paid: 2, Attorney Fees Manson Law Offices (estimated) 2,000.00 3, Family Exemption: (If decedents address is not the same as claimants, attach explanation) 3,500.00 Claimant Judith F. Hair Street Address 6 South Walnut Street City Carlisle State PA Zip 17013 Relationship of Claimant to Decedent Spouse 4. Probate Fees Register of Wills of Cumberland County 104.50 5 Accountants Fees 6. Tax Return Preparer's Fees 7. Stock valuation reports 6.20 8. Copies 0.15 9. Short certificates 24.00 10. Register of Wills, filing fee, inheritance tax return 15.00 TOTAL (Also enter on line 9, Recapitulation) I $ 5,649.85 (If more space is needed, insert additional sheets of the same size) REV-1513 EX + (g-00) SCHEDULE J COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER RICHARD H_ HAIR 21 10 00262 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [include outri ht spousal distributions, and transfers under ~ Sec. 9116 (a (1.2)J 1. Judith F. Hair Spousal 6,167.59 6 South Walnut Street 1/2 Foot Locker stock Mt. Holly Springs, PA 17065 (Sch. B, Item 1) 2. Judith F. Hair Spousal 5,223.44 6 South Walnut Street (Sch. F, Item 1) Mt. Holly Springs, PA 17065 3. Stephanie Hair (granddaughter) Lineal 3,083.80 620 Wyncroft Lane, Apt. 7 1 /4 Foot Locker stock Lancaster, PA 17603 (Sch. B, Item 1) 4. Nathan Hair (grandson) Lineal 3,083.80 169 East North Street 1/4 Foot Locker stock Carlisle, PA 17013 (Sch. B, Item 1) 5. Todd R. Hair (son) Lineal 3,728.40 169 East North Street 12.5% of Sch. G Carlisle, PA 17013 6. Brent W. Hair (son) Lineal 3,728.40 20 Furnace Hollow Road 12.5% of Sch. G Shippensburg, PA 17257 7. Judith F. Hair Spousal 56,775.82 6 South Walnut Street (Residue) Mt. Holly Springs, PA 17065 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET II. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE 1. 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ (If more space is needed, insert additional sheets of the same size) "t' ~c 499 Mitchell Road, Millsboro, DE 19966 Mail Code DE-MB-12 Phone (888)502-4349 Fax (302)934-2955 March 24, 2010 Martson Law Offices 10 East High Street Carlisle, PA 17013 Re: Estate of: Richard Harry Hair Social Security: 204-30-8751 Date of Death: March 10, 2010 Dear Sir or Madam: Per your inquiry, please be advised that at the time of death, the above-named decedent had on deposit with this bank the following: 1. Type of Account Certificate of Deposit Account Number 31003911878949 Ownership (Names o, fl Richard H Hair, joint-primary Judith F Hair, joint-secondary Opening Date 11243 Balance on Date o Death $11930.50 ' " .f Accrued Interest $ 1.38 ................................................................................................................................................................................ Total $11931.88 2. Type of Account Certificate of Deposit Account Number 31003914739536 Ownership (Names o, fl Richard H Hair, joint primary Judith F Hair, joint-secondary n l Opening Date 08/n8~5 Balance on Date of Death $ 3479.71 Accrued Interest $ 1.33 Total $ 3481.04 3. Type of Account Certificate of Deposit Account Number 31003920292487 Ownership (Names o, fl Richard H Hair SC~ Opening Date 11/17/08 closed 03/18/10 ~ 1~-~''' ~ Balance on Date of Death $ .11910.10 Accrued Interest $ 6.20 Total $11916.30 4. Type of Account Individual Retirement Account (REA) Account Number 35004200223458 Ownership (Names o, fl Richard H Hair Judith F Hair, beneficiary 75% ~ ~,H Todd R Hair, beneficiary 12.5% Brent W Hair, beneficiary 12.5% ~~,,, Opening Date 03/01/99 Balance on Date of Death $ 6522.11 Accrued Interest $ 12.59 Total $ 6534.70 5. Type of Account Individual RetirementAccount (REA) Account Number 35004200310792 Ownership (Names o, fl Richard H Hair J~ C ~ ~, Judith F Hair, beneficiary 75% Todd R Hair, beneficiary 12.5% --~~ Brent W Hair, beneficiary 12.5°Io Opening Date 031/99 Balance on Date of Death $ 3234.13 Accrued Interest $ 2.97 Total $ 3237.10 r Individual Retirement Account (REA) . '~ 6• Type of Account .~ Account Number 35004202375033 fl Ownership (Names o Richard H Hair , Judith F Hair, beneficiary 75% Todd R Hair, beneficiary 12.5% S~ Brent W Hair, beneficiary 12.5% ~~~ Opening Date 10/0'7/08 Balance on Date of Death $13156.41 Accrued Interest $ 0•~ Total $13156.89 '7• Type of Account Individual Retirement Account (REA) Account Number 35004202375075 Ownership (Names o, fl Richard H Hair Judith F Hair, beneficiary 75°rb ~'~, ~ G' Todd R Hair, beneficiary 12.SRb Brent W Hair, beneficiary 12.59b ~ ~-~ Opening Date 11/03/08 Balance on Date of Death $ 6897. SS Accrued Interest $ 0• ~ Total $ 6898 49 g• Type of Account Checking Account Account Number SOOd51 Ownership (Names o, fl Richa~ri H Hair, joint-primary I Judith F Hair, joint-secondary ~ J Opening Date 06v01/75 Balance on Date of Death $ 3595.85 Accrued Interest $ 0 03 Total $ 3595.88 9. Type of Account Checking Account Account Ntunber 3740925262 Ownership (Names o, fl Richard H Hair, sole pro Holly Resources Advertising Specialty, Doing bu Opening Date 0621/99 S ~c f . Balance on Date of Death $ 413900 ~"~-~ Accrued Interest $ 0.00 Total $ 413900 10. Type of Account Savings Account Account Number 15004200575916 Ownership (Names o, fl Richard H Hair, joint primary Judith FHair, joint-secondary ~~~ Opening Date 1124/97 Balance on Date of Death $32520.31 Accrued Interest $ 1.95 Total $ 32522.26 11. Type of Account Installment Loan (HQL) Account Account Number 12044444025924998 Ownership (Names o, fl Richard H Hair, borrower Judith F Hair, co-borrower Opening Date 08ro9/l74 Balance on Date of Death $0.00 Current Balance $0.00 Please be advised, there was a safe deposit box found for the above decedent at the Mount Holly Springs branch, box # 122. * If upon reviewing the information above, you believe there are additional accounts not referenced, please provide us with an account number and/or name of any possible joint account holder. For any additional information on the above accounts, including ownership and any changes, closures and/or reimbursement of fiunds, etc., please contact our Mount Holly Springs branch, 631 Holly Piles, Mount Holly Springs, PA 17065 CaU #7~~-aae,~s. Sincerely, ~~~Id~ N issa Sears Adjustment Services r ti ~ ~, ' ~ F \F1LES\Clirnts\13710 Hair\13710.1.h.will LAST WILL AND TESTAMENT I, RICHARD HARRY HAIR, of Mt. Holly Springs, Cumberland County, Pennsylvania, being of sound and disposing mind and memory, do hereby make, publish and declare this to be my Last Will and Testament, hereby revoking any and all former Wills or Codicils made by me. 1. I direct that all my legally enforceable debts, funeral expenses, testamentary expenses and all death taxes (whether such taxes may be payable by my estate or by any recipient of any property) shall be paid from my residuary estate as soon as practicable after my decease and as part of the administration of my estate. My Executrix shall have no duty or obligation to obtain reimbursement for any such tax so paid, even though on proceeds of insurance or other property not passing under this Will. 2. I give devise and bequeath any stock that I may own at the time of my death in FOOT LOCKER, INC., in the following manner: a. Fifty percent (50%) thereof unto my wife, JUDITH FAYE HAIR; and b. Fifty percent (50%) there of unto such of my grandchildren who shall be living at the time of my death, in equal shares, absolutely. 3. I give, devise and bequeath all of the rest, residue and remainder of my estate, both real and personal property unto my wife, JUDITH FAYE HAIR. 4. In the event my wife, JUDITH FAYE HAIR, shall predecease or fail to survive me by thirty (30) days, then I give, devise and bequeath all of the rest, residue and remainder of my estate, both real and personal property, to my sons, BRENT W. HAIR and TODD R. HAIR, in equal shares, absolutely. 5. I nominate, constitute and appoint my wife, JUDITH FAYE HAIR, as Executrix of my estate. In the event she is unwilling or unable to so act, then I appoint my sons, BRENT W. HAIR and ~ \. _~ [Initials] Page 1 of 4 Pages ^ TODD R. HAIR , or either of them if one is unable or unwilling to so serve, as Executors of my estate. 6. I appoint MANUFACTURERS AND TRADERS TRUST COMPANY, A New York banking corporation with offices in Carlisle, Pennsylvania, guardian of any property which passes to any person under the age of 22 years and with respect to which I am authorized to appoint a guardian and have not otherwise specifically done so. Said guardian shall have the power to use income from time to time for the beneficiary's education, support and welfare without regard to his or her parent's ability to provide for such education, support or welfare, or to make payment for these purposes, without further responsibility, to the beneficiary or to the beneficiary's parents or to any person taking care of the beneficiary. Said guardian shall administer the separate and equal share of each beneficiary until he or she becomes 22 years of age, at which time the share of each beneficiary remaining in the guardianship account shall be paid to said beneficiary in full. In the event of the death of any beneficiary after my decease and prior to reaching the age of 22 years, his or her share shall be distributed equally to the surviving beneficiaries to be administered in accordance with this guardianship provision. 7. I direct that all fiduciaries acting under this Will, whether or not named herein, shall not be required to give bond for the faithful performance of their duties in any jurisdiction. 8. I authorize and empower my Executrix, or her successors, in their sole and absolute discretion, to purchase or otherwise acquire and retain any investments of which I die seized or any real or personal property of any nature; to sell, lease; pledge, mortgage, transfer, exchange, dispose of or grant options in regard to any or all property of any kind forming a part of my estate for such terms and such prices as they may deem advisable; to borrow money for any purposes connected with the protection and preservation of my estate; to mortgage or pledge any real or personal property forming a part of my estate or to join in or secure the partition of same; to compromise any claims or demands of my estate against others or of others against my estate; to make distribution in kind and to cause any share to be composed of cash, property or undivided fractional shares in property .....> '~ [Initia s] Page 2 of 4 Pages and to cause any share to be composed of cash, property or undivided fractional shares in property different in kind from any other share; to employ agents, attorneys and proxies and to delegate to them such power as my Executrix, or her successors, consider desirable and to pay reasonable compensation for such services as may be rendered by such agents, attorneys and proxies; and to execute and deliver such instruments as may be necessary to carry out any of these powers. In addition, I direct that my Executrix, or her successors shall have the power to conduct an inventory of any safe deposit box necessary to the administration of my estate. ESS WHEREOF I have hereunto set my hand and seal this ~~ day of IN WITH ,~}/D . R EAL) Richard Harry Hair SIGNED, SEALED, PUBLISHED AND DECLARED by the above-named Testator, as and for his Last Will and Testament, in the presence of us, who at his request, have hereunto subscribed our names as witnesses thereto, in the presence of the said Testator and of each other. ~~~ -~~ Page 3 of 4 Pages COMMONWEALTH OF PENNSYLVANIA ) SS. COUNTY OF CUMBERLAND ~} // / / We Richard H Hair !~ ~xu v ~~ and ~ c~. K ~h ~tfi-f~ , QTY ~, ~t' ~~ ,au-~' the Testator and the witnesses, respectively, whose names are signed to the foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testator signed and executed the instrument as his last Will and that the Testator has signed willingly, and that the Testator executed it as his free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testator, signed the Will as a witness and that to the best of hislher knowledge the Testator was at that time eighteen years of age' r older, of sound mind and under no constraint or undue influence. ~ '`'~ Richard Harry Hair, for ~~~. Wit ess ~~ Witness Subscribed, sworn to and acknowledged befoore me by Richard Hang Hair, the Testator, and subscribed and sworn to before me by / i~?-rrc-~ z i~ ~G~~ fio~r-- and /~-'A.ttl~- ~. ~/~/Q~l~- ,the witnesses, thi~38~a ~Q/~j . Notary Public uIvIl1QONWEALTH OF PENNSYLVAN[A NOTARIAL SEAL Victoria L. Otto, Notary Public Carlisle 8orou~h, Cumberland County My commission expiroa December 20,1010 Page 4 of 4 Pages ..~ N >> ~3s-~ ~~~~ ~~b ~~~ ~a s12,~1~'