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HomeMy WebLinkAbout07-23-10_~. __ _ ~~i$Z53 ~9 TRUST COURT OF COMMON PLEAS OF Cumberland COUNTY, PENNSYLVANIA II ORPHANS' COURT DIVISION II NAME OF TRUST I (TRUST UNDER WILL OF 'I or TRUST UNDER DEED OF Hunter M. Grille Special Needs Trust DATED April 13, 2005 ) ~, ..~ ca ~, r C'3 r"" ~ ~.. ~; n N ~ ~'~= PETITION FOR ADJUDICATION / Q ~ "n ~~ ~} ;` ~j STATEMENT OF PROPOSED DISTRIBUTION j ~ ~ ~ ~ ~ PURSUANT TO Pa. O.C. Rule 6.9 -~ , ~.~ yr This form may be used in all cases involving the Audit of Trust Accounts. If space is in riders may be attached. INCLUDE ATTACHMENTS AT THE BACK OF THIS FORM. Name of Counsel: M. Howard Vigderman, Esquire Supreme Court I.D. No.: 47016 Name of Law Firm: Montgomery McCracken Walker & Rhoads LLP Address: 123 South Broad Street, 25th Floor Telephone: 215-772-7553 Fax: 215-772-7620 Form oc-oz rev Io.13.06 Pale 1 of 10 Name of Trust: Hunter Griffie Special Needs Trust 1. Name(s) and address(es) of Petitioner(s): Petitioner: Name.• Sovereign Bank Address: 1500 Market Street Philadelphia, PA 19102 2. Check if any of the following issues are involved in this case: A. Appointment of Trustee ..................................... ~ .... m B. Interpretation ............................................. ~'i .... ^ C. Discharge of Trustee ........................................ Vii..... m D. Transfer of Situs ........................................... I~'~ .... ^ i E. Appointment of Ad Litem ..................................... ~'~..... ^ F. Minor, Unborn or Unascertained Beneficiary(ies) ................. !L .... ^ G. Principal Distribution ....................................... .... ^ H. Partial/Full Termination of Trust .............................. I .... ^ I. Missing Beneficiary(ies) .................................... .... ^ J. Cy Pres .................................................. .... ^ K. Williamson Issue* ......................................... .... ^ L. Other Issues .............................................. '.... ^ List: ~, Please note: A detailed explanation of issues checked should be set forth at item 13 * See Williamson Estate, 368 Pa. 343, 82 A.2d 49 (1951), if Trustee was also Executor ofthe settlor/decedent's e~tate 8nd received commissions in such capacity. Form oG02 rev 10.13.06 age 2 of 10 i II Name of Trust: Hunter Griffie Special Needs Trust 3. Testament. Decede~ Date of Date(s) Date of or Inter Vivos Trust: Date of Trust: April 13, 2005 II Date(s) of Amendment(s): 4. A. If an other Court has taken 'urisdiction of an matter relatin II Y J y g to this Trust,, explam: N/A B. Identify all prior accountings and provide dates of adjudication. None 5. A. State how each Trustee was appointed: Trustee was appointed by the trust instrument and by order of the Court of ~ommon Pleas of Cumberland County dated April 13, 2005 (Docket No. 02-4024 Cii it Term) B. If a Petitioner is not a Trustee, explain: ', N/A ,.._T -_ Name of Trust: Hunter Griffie Special Needs Trust a 6. State how and when the present fund was awarded to Trustee(s): See Rider attached 7. Period covered by accounting: 02/23/06 to 06/30/10 353,737.05 I~! 8. Current fair market value of the Trust principal is $ . I (See page 30 of Account.) I, 9. State concisely the dispositive provisions of the Trust: See Rider Attached '~ 10. Explain the reason for filing this Account (if filed because of the death of a party, state name of person, relationship to Trust and date of death): See Rider attached Form OC-02 rev /0.13.06 )age 4 of 10 I ---. i Name of Trust: Hunter Griffie Special Needs Trust 11. State why a Petition for Guardian/Trustee Ad Litem has or has not been filed fdr this Audit (see Pa. O.C. Rule 12.4): Petition for Appointment of Guardian and Trustee Ad Litem for Hunter M. G I'ffie to be filed. 12. A. State the amount of Pennsylvania Transfer Inheritance Tax and Pennsylvan Estate Tax paid (including postponed tax on remainder interests), the dates of pa ent and the interests upon which such amounts were paid: ~, Date Payment Interest N/A B. If any such taxes remain unpaid or are in dispute, explain: None '~ 13. Describe any questions requiring Adjudication and state the position of Petitioner(s) and give details of any issues identified in item 2: See Rider attached Form oc-oz rev 10.!3.06 >~age 5 of 10 7_ r Name of Trust: Hunter Griffie Special Needs Trust 14. Written notice of the Audit as required by Pa. O.C. Rules 6.3, 6.7 and 6.8 has een or will be given to all parties in interest listed in item 15 below. In addition, notice of an~ questions requiring Adjudication as discussed in item 13 above has been or wil b~ 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 ames and addresses of the parties receiving such Notice shall be submitted at the udit together with a statement executed by Petitioner(s) or counsel certifyin that such Notice has been given. ~, C. If any such party in interest is not sui juris (e.g., minors or incapacitate persons), Notice of the Audit has been or will be given to the appropriate represe tative 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 wi 1 also be given to the Attorney General as required under Pa. O.C. Rule 5.5. Ina dition, the Attorney General's clearance certificate (or proof of service of Noti a and a copy of such Notice) must be submitted herewith or at the Audit. 15. List all parties of whom Petitioner(s) has/have notice or knowledge, having or lain any interest in the Trust, whether such interest is vested or contingent, charitabl or non-charitable. This list shall: A. State each party's relationship to the Settlor/Decedent and the nature of party's interest(s); Name and Address of Each Party in Interest See Rider attached Form OC-02 rev !0. /3.06 Pale 6 of 10 II _~_ Name of Trust: Hunter Griffie Special Needs Trust Name and and B. Identify each party who is not sui juris (e.g., minors or incapacitated p For each such party, give date of birth, the name of each Guardian and Guardian was appointed. If no Guardian has been appointed, identify kin of such party, giving the name, address and relationship of each; a~ C. If distribution is to be made to the personal representative of a de state date of death, date and place of grant of Letters and type of N/A 16. If Petitioner(s) has/have knowledge that a Trust share has been assigned or provide a copy of the assignment or attachment, together with any relevant documentation. 17. If a trustee's principal commission is claimed: A. If based on a written agreement, attach a copy thereof. Form OC-02 rev 10./3.06 w each ~iext of party, granted. Pa~e 7 of 10 _i ~~ Sa~v+ereign Banl~ Wealth Management Division Hunter Griffis Special Needs TRust SCHEDULE OF II2.REVOCABLE TRUST AND GUARDIANSHIP FEES* As Trustee or Gruardian, Sovereign Bank will charge 1.10 % of the market value puted monthly on the first $2,000,000, .85 % of the market value on the next $3,000,000 .55% of the mazket value on the balance. The fee for balances over $5,000,000 will be ne oti~ted. The fee will be charged 50/50 against principal and income, unless otherwise specifi udder state law. At Termination* If the market value of the account at the time of termination is $400,000. or less, a termination fee of 1 % shall be charged. If the mazket value of the account at the time of the terminating event is great~r than $400,000., a termination fee of $4000. plus $500 per distributes shall be charged. ~ Minimum Fee: Account to be subject to a minimum annual fee of $4,000. Cash on hand and funds awaiting investment may be held in a Money Market F Sovereign Bank receives 25 basis points for bookkeeping services rendered the Manager, Federated Investors, Inc . We reserve the right to charge additional fees for extraordinary services rendered. *This schedule applies to irrevocable trusts, including testamentary, charitable, a~ special needs trusts, as well as guardianship accounts. * *A termination fee is charged due to termination according to the terms of the h}ust. A termination fee is also charged if Sovereign Bank is removed as Trustee in favor of a Successor 7~•ustee. R:~fanasltest~gna.fee fi~¢oHve 8/~2 Raviaed 1/20/Q4, l?lf15 153 '~ Name of Trust: Hunter Griffie Special Needs Trust B. If a principal commission is claimed, state amount. !, $28,028.89 C. If a principal commission is claimed, state the amounts and dates of an}~ principal commissions previously paid in prior accountine periods. Amount 18. If a reserve is requested, state amount and purpose. Amount: 1,500.00 Purpose: Montgomery McCracken Walker & Rhoads, LLP reserve for counse~ fee and costs 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? ........................................ ®Y~s ®No If so, attach a copy of the notice. II 19. Is the Court being asked to direct III the filing of a Schedule of Distribution? .......................... ®Y~s ®No Form OG02 rev 10.13.06 Pa~e 8 of 10 B. Principal: Proposed Distributee(s) AmoundProportion See Rider attached Subnutted By: (All petitioners neust sign. Add additional lines if necessary): Sovereign Bank Barbara Kannheiser .~~.f.~ Name of Petitioner: Name of Petitioner: Name of Hunter M. Griffie Special Needs Trust Wherefore, your Petitioner(s) ask(s) that distribution be awarded to the parties and suggest(s) that the distributive shares of income and principal (residuary shares be in proportions, not amounts) are as follows: A. Income: Proposed Distribtuee(sJ AmoundProportion See Rider attached stated Name of Trust: Hunter M. Griffie Special Needs Trust Verificatlon of Petitioner (Verification must be by at least one petitioner.) The undersigned hereby verifies * [that hd~ne she is nde Senior Vice Presic of the above-named acme of eorpnmrion Sovereign Bank and] that the forth in the foregoing Petition for Adjudication / Statement of Proposed Distribution w within the personal knowledge of the Petitioner are true, and as to facts based on the in of others, the Petitioner, after diligent inquiry, believes them to be true; and that any fa statements herein are made subject to the penalties of 18 Pa. C.S. § 4904 (relating to us falsification to authorities). • Corporate pe~ioners must complete bracketed informadion, Certification of Counsel > set are The undersigned counsel hereby certifies that the foregoing Petition for Adjudic tion / Statement of Proposed Distribution is a true and accurate reproduction of the form Peti on authorized by the Suprerne Court, and that no changes to the form have been made bey nd'the responses herein. G I'~ .- ture of or Petitioner Fo.~, oc-oa .~ ro.r3.o6 Pa~e 10 of 10 ',, I ORPHANS' COURT DIVISION COURT OF COMMONPLEAS OF CUMBERLAND COUNTY Hunter Griffie Special Needs Trust dated April 13, 2005 TO THE AUDITING JUDGE: Enter my appearance for: HUNTER M. GRIFFIE SPECIAL NEEDS TRUST DATED APRIL 13,', 2005 Petition for Adjudication j Rider to Question 6 I', The instrument establishing the Trust (the "Irrevocable Supplemental Needs Trust Agreement") was executed on April 13, 2005 by Shannon Griffie (now known as Shannon Mellot) and by Randy Griffie as parents and natural guardians of Hunter M. Griffie, Ilthe Settlors, naming Sovereign as trustee ("Trustee"). HUNTER M. GRIFFIE SPECIAL NEEDS TRUST DATED APRIL 13,'I 2005 Petition for Adjudication Rider to Question 9 1. The Beneficiary is the sole beneficiary of the Trust during his See Articles III and IV of the Special Needs Trust Agreement. 2. Among the powers granted to the Trustee during the lifetime. s lifetime is the power to distribute principal of the Trust for the Beneficiary's "special needs".'I See Article III. "Special needs" are defined to include "those requisite items, products or be provided to the beneficiary to assist in the management, care or treatment of the disability and increase the beneficiary's quality of life." 3. Income and principal maybe applied for the Beneficiary's ... to the extent not suitably provided for by insurance or by fE or local entitlements, programs or other benefits of any nature and ... such application of principal and/or income shall be m; sole benefit of the Beneficiary and in such a manner as to mee needs of the Beneficiary while seeking to maximize the Benef eligibility for such federal, state, and local entitlements, progr~ benefits of any nature whatsoever, but any such distribution m approved by this Court. See Article III of the Special Needs Trust Agreement. 4. Under Article IV of the Special Needs Trust Agreement, at Beneficiary's death, the Trustee is to reimburse the Commonwealth of Pennsylvania government entity for "any unpaid valid lien for medical assistance provided to [the] that can iQficiary's Eit ... °ual, state, ie for the thie special ;ia~xy's ns, or other st be any other to the extent, and only to the extent, as required by section 1396p(d)(4)(A) of title'42 of the United States Code or any successor statute from assets remaining in this Trust at hat time." 5. Any balance of the Trust principal not distributed is to be "paid, in equal shares, per stirpes, to Shannon Griffie and Randy Griffie, parents of the Beneficiary; provided however, that if either contingent beneficiary should then be deceased, to the Conti gent beneficiary's estate." See paragraph C of Article N. !, _r ~ _. HUNTER M. GRIFFIE SPECIAL NEEDS TRUST DATED APRIL 13,1,2005 Petition for Adjudication Rider to Question 10 Management of Sovereign Bank has decided to exit certain product including trust and fiduciary services so that Sovereign Bank will no longer serve as a fiduciary of any fiduciary relationships based in Pennsylvania or in any other state where Sov~reijgn operates. Sovereign has therefore resigned as trustee of the effective on the date of t~is.Court's order approving Sovereign's Petition to Approve Resignation of Trustee and to App~int Successor Trustee which is being filed in conjunction with this account and Petition ~or I Adjudication. HUNTER M. GRIFFIE SPECIAL NEEDS TRUST DATED APRIL 1$, 2005 Petition for Adjudication Rider to Question 13 uestion for Adjudication Petitioner requests that the Court approve the resignation of Sovereign Bank as Trustee and to approve the appointment of National Independent Trust Company a~ successor trustee, as requested in the Petition to Approve Resignation of Trustee and to Appo II nt Successor Trustee, referred to in the Rider to Question 10 'i !, HUNTER M. GRIFFIE SPECIAL NEEDS TRUST DATED APRIL 13, 2005 I Rider to uestion 15 Name and Address Relationshi I to est Hunter M. Griffie, a minor Child of Settlors Discretion ti'beneficiary DOB: 08-08-1997 of income d principal 423 Pine Grove Road for life Gardners, PA 17324 Shannon Mellot Settlor One-half emainder (formerly Shannon Griffie) Benefici 423 Pine Grove Road Gardners, PA 17324 ~ Randy C. Griffie Settlor One-half mainder 190 Pine School Road Benefici Gardners, PA 17324-8810 Deparhnent of Public Welfare None Interest un er Article IV The Special Needs Trust Depository of Special ends Trust Attn: Manager TPL Section Agreement P.O. Box 8486 Harrisburg, PA 17106 it Lucius D. McGehee, Jr., President National Independent Trust Company None Proposed s trustee ccessor 500 E. Reynolds Drive Ruston, LA 71270-2821 ~ Petition for Appointment of Guardian and Trustee Ad Litem to be filed for Hunter M. Griffie. __ __ __ _ - --- __ HUNTER M. GRIFFIE SPECIAL NEEDS TRUST DATED APRIL 1~, 2005 Petition for Adjudication Rider to Distributive Shares Wherefore, your Petitioner asks that distribution be awarded to the and suggests that the distributive shares of income and principal (residuary shares proportions, not amounts) are as follows: A. Income: Proposed Distributee(s) Amount/Proportion National Independent Trust Company 100% Successor Trustee B. Principal: entitled stated in Proposed Distributee(s) Amount/Proportion National Independent Trust Company 100% Successor Trustee ..,r SPECIAL NEEDS TRUST AGREEI4ENT This Trust Agreement is entered into by Shannon Griffie, residing at 15 Ball Park Drive, Gardners, Pennsylvania X17324, and Randy Griffie, residing at 190 Pine School Road,~!I Gardners, Pennsylvania 17324, as parents and natural guardians of Hunter M. Griffie, hereinafter referred to as "Settlors", and Sovere gn Bank as Trustee (hereinafter referred to as "Trustee") ._ Trust sha 1 be known as "The Hunter M. Griffie Special Needs Trust". ARTICLE I. TRII3T ESTATE I~ 1.01 Transfer to Trust The Settlor will, upon the (signing of this Trust Agreement and without consideration on Settl~r's part, transfer and deliver to the Trustee the sum of twenty dollars ($20.00), receipt of which is acknowledged, and other certain assets which, together with the interest thereon, shall constitute the trust estate. The trust estate shall be held, managed, adminis~.ered, and distributed by the Trustee as hereinafter provided for (,Hunter M. Griffie, who resides at 15 Ball Park Drive, Gardners, Pennsylvania 17324, hereinafter referred to as "Beneficiary". ~, 1.02 Additions to Trust Estate The Settlor, and ~ny other person, shall have the right at any time to add property acc ptable to the Trustee to this Trust and such property, when rec ived and accepted by the Trustee, shall become part of the trust estate; provided however, that no funds shall be placed in the trust 1, after the beneficiary reaches the age of sixty-five (65) years unless authorized T ~ and appropriate under the then-existing law. . 1.03 Successor Corporate Fiduciary If any Bank or Trust Company ever succeeds to the Trust business of a corporat~ fiduciary serving as a Trustee under this Agreement, whether because of a name change, or any other form of reorganization, or if sucY~ corporate fiduciary ever transfers all of its existing business to any other Bank or Trust Company, the successor shall thereupon, ithout any action being required, succeed to the Trusteeship hereu der as if ~ I originally named. ARTICLB II. IRREVOCABILITY OF TRZ13T This Trust shall, irrespective of any legal presumpt'on to the contrary, be irrevocable and shall not be altered, amended,'~,revoked or terminated by any person except by the Trustee as (1) is law while retaining the irrevocable nature of this Tr necessary to respond to (a) the requirements of an ad agency with the authority to dispense public benefits or r trust or trustees, or (b) changes in statutory, regulat law, in order to fulfill the Settlor's intent to obtain ma: benefits for the beneficiary and maximum legal protect rmitted by and ( 2 ) nistrative late this or case public of the assets of the Trust from invasion or assessment as set forth herein, including, but not limited to, the naming of additional or different .contingent beneficiaries who would take their share after th~ payments made in Article IV have been made. This. Trust is subje~t to the continuing jurisdiction of the relevant Orphans' Court of Common Pleas, including the Court's right to modify or terminate, for ca~ss shown,. 2 ~, ,, although this Trust is otherwise irrevocable. ARTICLE III. DISTRIBUTION During the lifetime of the Beneficiary hereunder, !the Trustee i may, in its sole, absolute, unfettered and unrestricted (discretion, i and after considering federal, state, or local entitlements, programs or other benefits, pay or apply the principal and/or inc me of this Trust for the special .needs of the Beneficiary; provided however, that such applications of principal and/or income shall be to the extent not suitably provided for by insurance or by federal, stag, or local entitlements, programs, or other benefits of any nature wha soever and further provided that such application of principal and or income shall be made for .the sole benefit of the Beneficiary and in such a manner as to meet the special needs of the Beneficiary while seeking to maximize the Beneficiary's eligibility for such federal, state, and local entitlements, programs, or other benefits of a y nature whatsoever. It is the intent of the Settlor to maintain t e highest degree of federal, state, or local entitlements, programs and other benefits for the Beneficiary at public expense while s eking to fulfill the special needs of the beneficiary, and to protectlprincipal and income of this Trust from invasion or assessment by an~ federal, state, or local governmental or other agency or insurance ~ompany or provider of publicly-funded services for reimbursement d~ring the lifetime of the Beneficiary, for (or the provision of)~ monies, services, or assistance of any kind which has been, or I!wi!,11 be, expended upon or provided to the Beneficiary herein. The provhisions of 3 ~__ this Article are. to be read in conjunction with the, rights of ' providers of services/entitlements set forth in Article IVto recover assets for repayment to the extent mandated by statute, reg lation, or judicial decision. If ordered by the Court, the Trustee sh 11 provide the Commonwealth of Pennsylvania with an informal accountling of the receipt and distribution of income on an annual basis. ~ Special needs shall mean those requisite items, p~oducts or services that can he provided to the beneficiary to ass st in the management, care or treatment of the beneficiary's disa ility and increase the beneficiary's quality of life. ~I ' Special needs shall include but not be limited i~o medical expenses, dental expenses, nursing and custodi 1 care, psychiatric/psychological services, recreational therapy,~o cupational therapy, physical therapy, vocational therapy, durable medi al needs, prosthetic devices, special rehabilitative services or equipment, programs of training, education, transportation and requi ed travel expenses, dietary needs and supplements, professional ex enses and insurance costs. Trustee may, in its sole and absolute discretion, engag~ from time to time any individual, corporation, partnership or ot~er entity to render services to Trustee in guiding its dis retionary distributions pursuant to any standard for distribution se forth in the preceding paragraph of this Article III. Trustee sha 1 not be liable for relying upon the advice of any consultant w om it is reasonable to retain. Trustee may pay for any such consulting $ervices from the trust estate, without reduction for any compensation paid to 4 Trustee for its services as Trustee. ' ARTICLE IV._TBRNINATION OF TRII3T AND DISTRIBUTION OF PRIN~IFAL A. Upon termination of this Trust. as set forth merein, the trustee shall .first notify the COMMONWEALTH OF PENNSYLVANIA and reimburse the COMMONWEALTH OF PENNSYLVANIA and any otheri government entity. for any unpaid valid lien for medical assistance rovided to ' Beneficiary to the extent, and only to the extent, as equired by i section 1396p(d) (4) (A) of Title 42 of the United States ode or any ' successor statute from assets remaining in this Trust at tha time. I B. If the Trustee determines that it is impractical to administer the Trust held under this irrevocable Trust because it is for becomes too small to justify maintaining a trust, or because it is no longer suitable for the Beneficiary's needs, the Trustee may to inate this Trust and shall, after making any reimbursement to the C mmonwealth required under this Article, distribute the principal andihcome of the Trust as ordered by the court if the Beneficiary is ~ minor or incapacitated person, and otherwise to the Beneficiary outrig~t. C. This Trust shall also terminate upon the earli~r of the following occurrences: ~ ~~ (1) The death of the Beneficiary, or 'i (2) A determination by the Trustee that a bona fide a tempt (as determined solely by the Trustee) has been made to cause the successful and significant invasion of, or s~essment . upon, either the principal or interest of this Tr st by any federal, state, or local governmental agency or insurance company or. provider of publicly-funded services or entitlements. Any portion of the trust estate remaining after reimbursement to the Commonwealth required under this Article, shall be paid,l'I in equal 5 ~ _~ shares, der stirpes, to Shannon Griffie and Randy Griffie,parents of the Beneficiary; provided however that if either ~ contingent beneficiary should then be deceased, to the contingent beneficiary's estate. If a contingent or subsequent beneficiary shou d then be disabled, incapacitated, or a minor, the Trustee shall hold and distribute said share for said beneficiary in accord with t e terms of this Trust or as directed by a court of competent jurisdicti n. ARTICLE y. YO~ERS OB TRUSTEE Description of Powers In order to carry out the purposes of this Trust Agreement, the Trustee, in addition to all other powers granted by law from time to time, shall have the following powers: ~~ Retention of Assets ~' (1) To retain any property. received by the trust est to for as long as the Trustee consider it advisable. Investments (2) To purchase, invest and reinvest in every kind o property and investments, including real estate without restrictio to so- called "legal investments" for fiduciaries, as authorized by the Prudent Investor Rule, 20 Pa.C.S.A. Section 7201 et. se~C. as amended from time to time. Management (3) To manage, control, repair, and improve all trust property, real or personal. Sales {4) To .sell, for cash or on such terms and conditions ~s deemed advisable or desirable by the Trustee, and to exchange a,hy trust 6 property. Adjustment of Claims (5) To adjust or compromise any claims for or ~gainst the i trust, and to agree to any rescission or modification of a~y contract or agreement. Borrowing '~I (6) To borrow money and to mortgage or pledge ox~ otherwise encumber or hypothecate trust assets as the Trustee m~y, in its discretion, deem advisable. (7) To purchase as an investment for this Trust an}~ assets of an estate or estates, provided that the price paid- for ~uch assets shall not exceed the fair market value thereof; and to ma)~e loans to the Settlor's estate or estates at a fair rate of interest and with adequate security; and to continue to hold assets so purchased or loans so made as investments hereunder. ~ Limitation on Powers ~ (8) All powers given to the Trustee by this Trust Ag~eement are exercisable by the Trustee only in a fiduciary capacity. No power given to the Trustee hereunder shall be construed to nable the Settlor or any person to purchase, exchange, or otherwise d al with or dispose of the principal or income therefrom for less than ~n adequate consideration in money or money's worth; or to authorize ~.oans to a person except on the basis of an adequate interest charg~ and with adequate security. No person, other than the Trustee, shad have or exercise the power to vote or direct the voting of any corporate shares or other securities of this Trust, to control the investments 7 ,• of this Trust either by directing investments or reinvest~ents or by vetoing proposed investments or reinvestments, or to reacquire or exchange any property of this Trust by substituting other roperty of equivalent value. Good Faith Reliance (9} Until actual receipt of written notice of any d ath, birth or other event upon which the right to receive income o principal under this Trust Agreement may depend, to make distributions in good faith free of liability to persons whose interests have be n affected by that event. Options (iQ) To exercise any options, rights and privileges available to or acquired by Trustee for the purchase of any assets. Lease (11} To lease for any term, exchange or sell at public or private sale any trust assets and grant option to lease for any term, exchange or purchase any trust assets, in each case wit out Court Order. Nominee Name (12) To hold investments in bearer fprm, or regist r them in Trustee's name or in the name of its nominee. Subscription Rights (13) To subscribe for stock and bond privileges, giv proxies, join in any merger, reorganization or voting trust with espect to investments under this Trust Agreement, and vote or regain from voting any securities. ', 8 Distribution (14) To make distributions under this Trust Agreeme,lnt in cash, in kind or partly in each. ', Taxes (15) To pay any taxes, interest and/or penalties and t~o apply for and collect any tax refunds and interest incurred. Estate Payments ,~ (16) After the payments set forth in Article IV, the rustee may make such payment from the principal of the trust estate as Trustee may think desirable to facilitate the settlement of Be eficiary's estate, and in the exercise of this power Trustee may pay n whole or in part; any or all of (i) the expenses of Beneficiary's funeral, I ~ burial and grave marker, and (ii) taxes and administratio expenses i of Beneficiary's estate, even though they do not rela a to any property becoming subject to this Trust Agreement. N ither any personal representative nor any beneficiary of Beneficiar 's estate should be required to reimburse .the Trustee for any such exp nditures. Real Estate (17) Trustee may conduct any prudent real estate t ansaction. Trustee shall not be deemed to have accepted title to, and shall not act or be obligated to act in any way as a fiduciary with espect to, any donated or gifted real property, including any real pro erty owned or operated by a sole proprietorship, general or limited p rtnership, limited liability company, or closely held corporation, or any interest in any such business enterprise, which. is or may~~~,become an 9 asset of the Trust until (i) an appropriate environmentall audit is performed at the expense of the donor of such property with the Trustee to determine that conditions at such real property or operations conducted by such business enterprise are in cgmpliance with state and federal environmental laws and regulation affecting such real property or such business enterprise and (ii) rustee has accepted such property as an asset of the Trust by written acceptance given to the donor of the property in question, or if no e, to the beneficiary or beneficiaries of the Trust (or their natura~ or legal guardian) (18) Trustee may pay in whole or part for the establi hm+ent of a reasonable, irrevocable burial reserve and/or burial fun for the expenses of Beneficiary's funeral, burial or grave marker. i Authority to Amend Trust (19) In accordance with the provisions of Article II, the Trustee may amend this Agreement so that it conforms with f deral and state law, including related statutes, regulations and policies, governing governmental programs for which the Beneficiary is eligible, including, but not limited to, Medicaid and Supplemental Security Income (SSI). ARTICLE VI. DDTIES AMID COlR~ENSATION OF THE TRIISTEE (1) Allocation of~ Income and Principal The Trus determine what is income and what is principal of the True under this Trust Agreement, and what expenses, costa, charges of any kind. whatsoever shall be charged against ~ shall created ~s, and ome and 10 _, - what shall, he charged against principal in accordance with the applicable statutes of the United States and the Commonwealth of Pennsylvania as they now exist and may from time to time be emended. (2) Relations with Trustee No one dealing with the T ustee need inquire concerning the validity of anything the Trustee p~rports to do, or need confirm the application of any money paid or a ly property transferred to or on the order of the Trustee. ~I i (3) Limitation on Trustee's Liability No Trustee appointed under this Trust Agreement shall at any time be held liab a for any act or failure to act or any act or failure to act of thei agent or of any other person in connection with the administration of the trust estate, unless caused by Trustee's gross negligence or by Ira willful commission of an act in breach of trust. (4) Compensation The original Trustee hereunder~~ or any successor Trustee shall be entitled to reasonable compensation for services as Trustee in accord with its standard schedule o~ fees in effect for work as a corporate fiduciary over the period during which . services are rendered. i, (5) Bond No bond shall be required of the original Trustee hereunder or of any successor Trustee; or if a bond is required by law, no surety shall be required on such bond. I~~ i (6) Successor Trustee If the Trustee named above should be unable or unwilling to serve, the Settlor (or, if the Settlor is deceased or incapacitated, the Guardian of the Estatel~l of the Beneficiary) may appoint another fiduciary to act as successor 11 trustee. A Trustee may. resign by giving written notice to tlhe Settlor or a Guardian of the Estate of the Beneficiary, in a ~igned and acknowledged instrument. If no Settlor or Guardian s readily available, a Trustee. or successor Trustee may name a succes or Trustee in writing delivered to, and following consultation with, the last counsel to the Trust and the Beneficiary. When the term rustee" is used in this document, it also includes anyone serving as a successor trustee. A resignation under .this paragraph shall be effe tive upon the appointment of a successor Trustee. All of the out-going Trustee's reasonable fees and expenses (including reasonable attorn y''s fees) attributable to the appointment of the successor Trustee sha 1 be paid by the Trust. The Trustee may, but shall not absent an Order o Court be required to, prepare and file accountings for any Court with natice to the Department of Public Welfare. Prior to delivering al of the property of any trust hereunder to a successor Trustee or t e making of any partial or complete distributions of Trust print'pal, the Trustee may require an approval of this accounting either by release in discharge by the Beneficiary or beneficiaries of any such Trust or• by a Court of competent jurisdiction. ARTICLE VII. SPENDTBRIFT PROVISION The interests, if any, of a beneficiary in 'the principalor income of this Trust shall not he subject to the claims o his/her creditors, or creditors of others, including creditors of arty spouse 12 of a married beneficiary, nor to legal process, and rhay not be voluntarily or involuntarily alienated or encumbered. ARTICLE VIII CONSTROCTION OB TRII3T (1) Governing Law This trust shall he governed by he laws of the Commonwealth of Pennsylvania. (2) Co ies To the same extent as if it were th original, i i anyone may rely on a copy of this Trust certified by a no ary public I I to be a true copy of this Trust. Anyone may rely on any s atement of ~ fact certified b an one who a i y y ppears from the original Trus Agreement or a certified copy thereof to he a Trustee hereunder. IN WITNESS WHEREOF, this Trust Agreement has been sig Settlors and the Trustee on this day of SETTI.ORS Witness Wi ness ' the TRII$TEE: 13 nnon Gr Randy /Griff d by the 2005. Representative of Sovereign Bank 1~vP ~ ~ j~usf O~cwi' r MONTGOMERY, MCCRACKEN, WALKER & BROADS, LLP ATTORNEYS AT LAW M. HOWARD VIGDERMAN 123 SOUTH BROAD STREET Dlleecr DIAL AOMITTEO IN 215-772-7553 PENNSrLVANIA S NEW JCRSCV AVENUE OF THE ARTS PHILADELPHIA, PA 19109-1029 nvigderman~mmwr.com ' 215-7 7 2-1500 FAx 215-7 7 2-7620 July 22, 2010 Re: Hunter M. Griffie Special Needs Trust AUDIT NOTICE TO ALL PARTIES-IN-INTEREST IN THE HUNTER M. GRIFFIE SPECIAL NE)~D5 TRUST IDENTIFIED ON THE ATTACHED DISTRIBUTION LIST: Please be advised that the First and Final Account (the "Account") ar>Gd the accompanying Petition for Adjudication (the "Petition for Adjudication"), of Sovere'g>~ Bank, Trustee of the Hunter M. Griffie Special Needs Trust under Agreement dated April ~3, '2005 (the "Trust"), has been filed with the Clerk of the Orphans' Court Division of the Court o Clommon Pleas of Cumberland County, .Pennsylvania. This matter will be called for audit bef re'~the Honorable J. Wesley Oler, a Judge of that Court, on Tuesday, August 24, 2010 at 9: 0 o'clock a.m. (local time) at the Cumberland County Court House, Courtroom 1, One Courthouse Square, Carlisle, Pennsylvania 17013. A copy of the Account and Petition for Adjudication will be provided Ito you upon request. A reserve for attorneys' fees in the amount of $1,500 is requested in the Ac~ou~t. In the Petition for Adjudication, the Accountant asks the Court to approve a sepazate Petition in which the Accountant will ask the Court to approve the resignati n mf Sovereign as trustee and to approve the appointment of National Independent Trust orr~pany as successor trustee. The sepazate Petition will be filed with the Court shortly and we ill fiend to you notice of the filing of the sepazate Petition after it has been filed and a copy of it. ~~, The Accountant will also be filing a Petition for Appointment of Guaz 'az~. and Trustee Ad Litem, to represent the interests of Hunter M. Griffie, a minor, in these pr cepdings, and we will send to you a copy of that Petition also. It is not necessary that you or your counsel appeaz at the audit. Howe 'er, if you have any objection to the Account or Petition for Adjudication, it is necessary that yo of your counsel either file written objections in conformity with the Cumberland County Orp and' Court Rules prior to the audit, or appeaz at the audit, in person or by counsel, to present yo contentions. Otherwise, the Court may assume that you have no objections and may~pp#ove the Account and the Petition for Adjudication. • PHILADELPHIA, PA • CHERRY HILL, NJ • WILMINGTON, DE • BERWYN, PA A UNITED LIMIUTY rARTNERfFIIr FORMCD IN PENNtTLVANIA lOUlf A. rETRONI .NEW JERSEY RCiMN•IBI.E rARTNER WEST CHESTER, P/~, •' LINWOOD, NJ • ___. .. - ___ I_. _... _ MONTGOMERY, MCC RAC KEN, WALKER b RHOADS, LLP Parties in Interest of Griffie Special`Need Trust July 22, 2010 Page 2 If you have any questions with respect to this matter, please contact rr~e. Sincerely yours, //. G~ GG ~ ', ''~I. war erman MHV:mdp j cc: Cynthia A. Kelly, Senior Vice President, Sovereign Bank (by email only) ', Barbara Kannheiser, Senior Vice President, Sovereign Bank (by email only) MONTGOMERY, MCCRACKEN, WALKER S~ RHOADS, LLP Parties in Interest of Griffie Special Need Trust July 22, 2010 Page 3 DISTRIBUTION LIST FOR JULY 22 2010 AUDIT NOTICE Name and Address Shannon Mellot 423 Pine Grove Road Gardners, PA 17324 Randy C. Griffie 190 Pine School Road Gardners, PA 17324-8810 Department of Public Welfare The Special Needs Trust Depository Attn: Manager TPL Section P.O. Box 8486 Harrisburg, PA 17106 Lucius D. McGehee, Jr., President National Independent Trust Company 500 E. Reynolds Drive Ruston, LA 71270-2821 _._ _ __ D b~,~s}.~ Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division Hunter M. Griffis Special Needs Trust Dated 04/13/05 Principal Balance on Hand* per page 30 of Account Income Balance on Hand per page 54 of Account Balance prior to Distribution Distribution** *Principal balance is based on fiduciary acquisition value **Subject to reserve for counsel fee and costs per page 10-A of Account Amount available for distribution 453,385.17 221.73 453,606.90 1 500.00 452,106.90 n ~ C ~ o pLj ~C.r 4~1 r C... rr; rri ~, --- C :. ~ rr .7 C...`. ' 1 O I' ~ ~' ~ ~ k~ ' "~ / 4.1 , ( ~ 'D ~ ~ i•'- Y s COURT OF COMMON PLEAS OF CUMBERLAND ORPHANS' COURT DIVISION FIRST AND FINAL ACCOUNT Hunter Griffie Special Needs Trust Stated by SOVEREIGN BANK, Trustee Date of Trustee's first receipt of funds February 23, 2006 Account Stated for the Period February 23, 2006 June 30, 2010 Tax I.D. No. 20-6967395 Purpose of Account: The Trustee offers this account to acquaint interested plartf es with the transactions that have occurred during their administration of the Trust. It is important that the Account be carefully examined. Requests for additional' information or questions can be discussed with: M. Howard Vigderman, Esquire Montgomery, McCracken, Waller & Rhoads, LLP 123 South Broad Street Avenue of the Arts Philadelphia, PA 19109 Supreme Court LD. 47016 215-772-7553 Gross Trust (Principal Receipts & Income Receipts) $453,607.90 259328'lvl NO~f1lRY Q! ACGOgb1T PRINCIPAL Receipts Rat Losa on Sales ar Disposition Increase in Reappraiaement Less Disbursements: Fiduciary Fps Legal Feea Federal State. & Local Taxes mineral Dis~uz~amerits Balance before Distributions Distributions to Beneficiaries Principal Balance on Hand For Information: investments Made. Changes in Holdings IRCOMS Receipts Less Disbursements. Balance before Diatribut.ons Distributions to Beneficiaries Income Balance on Band 3-14 15-:15 17 610, 517 _116 ~-1..407.199 60'9,109 • X16 5?' 89 $ 609.,-166.Ii4 COMBIbTED BALANCE f)AT HAND 18-20 $ 28,029.,89 20 827' . 50 21 817.00 21-2~ 1.1.1.134,.1.0._ ,~,,,,_1 ~ ~, 468,357. 5~', 29 -1 . _ 58 30 ~' 453, 365. 7 31-34 35-40 41-45 $ 57,'740. n4 46-~1 -40~Q2~ 7 17,714.x/7 52-53 -17.493. b4 54 $ 221.113 4.53,{06.90 - 2 - . _. _ _ __ __..._... _ _. _. _ _ _ _.. r I'RII~CIP RBCSIPTLR Rcceved Frrxn Angina- & Rc~vner, PC $' 437, 337.37 ~ 43"~, 3 7.37 9UB5BQUSrTT RSG'BIPTS Hartford Insurance C'anipany 02/23/06 Annuity Payment ;$ 2,001-.2D 02/27%06 Annui€y Paymetat 2,001„20 03/29/06 .Annuity Paymeri~ 2,00'1.20 04/26/06 Annuity Payment 3,001.2a 0/26/06 Annuity Payment 2,oo,2o 06/28/06 Annuity Payment 2'.,001.:2.0 07/27/06 Annuity Payment 2,~Op1,2p 08/29/06 Annuity Payment 2,001.2.4 09/27/06 Annuity Payment 2„OQ1„2p 10/27/06 Annuity Payment 2,001.2,0 .11/29/06 Annuity .Payment. 2,00 L 20 12/27/06 Annuity Payment 2,001..20. 01/29/07 Annuity Pay-nent 2,.056.23 02/26/07 Annuity Payment. 2,056.23 03/28/07 Annuity .Payment 2,056.23 04/26/07 Annuity Payment .2,056...23 05./29/07 Annuity Payment 2,056.23 FQRWARD $ 34,295.55 $ 43713317.3`7 - 3 - - --r ~x~aw s acs= hcont, a) FORWARD $ .34,295..55'$ 437!,37.37 svsss~aT Rsc~zprs_ cwt - a) Hartford Ineuzauae C+ampany (cant'd) 06/2.7/07 Annuity Payment 2,056:.23 07/30/07 Annuity Payment 2,056.,2.3 08/29/07 Annuity Payment 2,056.23 09/26/0'7 Annuity Payment 2,056,23 2:0/2.9/07 Annuity Payment 2.,056.23 11/29/07 Annuity Payment 2.,056.23. 12/27/07 Annuity Payment 2,0 6.23 01/29/08 Annuity Payment 2,112..78 02/27/08 Annuity Payment 2,112.78' 03/27/08 Annuity Payment 2,112.78 04/28/08 Annuity Payment 2,112.78 05/28/08 Annuity Payment 2,112.78 06/28/08 Annuity Payment 2,112.78 07/29/08 Annuity Payment 2,112.78 08/27/08 Annuity Payment 2,112.78' 09/.26/08 Annuity Payment 2',112.78 10/29/08 Annuity Payment 2,,112.78 11/25/08 Annuity Payment 2,112.78 12/29/08 Annuity Payment 2,112.78 RORWARD $ 74,042.52 $ 437y3 4 FRINCIPIIL RECffiPTS (coat ~ d) ~~'~ $' 74 , 04.2.. 52 $ SUB580tJSNT RgG~IPTS tcont''d} Hartford Insurance Company (ccnt'cl} 01/28/09 Annuity .Payment 02/25/09 Annuity Payment 43./27/09 Annuity Payment 44/28/09 Annuity Payment 05/26/09 Annuity Payment 06/26/09 Annuity Payment 07/29/09 Annuity Payment 08/27/09 Annuity Payment 09/28/09 Annuity Payment 10/20/09 Annuity Payment 11/25/09 Annuity Payment 12{29/09 Annuity Payment O1/28/i0 Annuity Payment 02/25/10 Annuity Payment 03/30/10 Annuity Payment 04/29/10 Annuity Payment 45/27/10 Annuity Payment 06/29/10 Annuity Payment 02/02/06 Transfer From Income To Principal FORWARD - 5 - :2,170_.88 2,170 .'8$ 2,17.0,'8.8 '2,170.88 z,l~o.se 2,17.0.88 2,170.8;8 2,170.88 2, 170.8'8 2._,1.70 , $$ 2,174.88 2,170.88 2.,2.30.58 2,230.58 2,230.58 2,23.0.58 2,230.58 2.230.58 43T,3~7.37 113,4'"6.56 999. 71 $ 551y8-3.64 ,~ _ ~_ _._ tc~pni. Rscssr~rs co~a~' a F(>RWARD $ 551 , 8 ~l3 , 64 S~SB~JB NT R13CBIPTS (coat' d1 03/D2J06 Transfer From Income To Principal 1,3~6~Z2: 04/0:4/06 Transfer From Income to Principal 4gp,S4 05/'02/06 Transfer From Income to Principal 1i, 612.65 06/02/06 Transfer From Income to Principal 1,?2.59 07/05/OS Frans€er From Income to Principal 52.0$ 08/02/6 Transfer From Income t4 Principal 611..66 10/03/06 Transfer From Income to Principal 1p1~2.20 li/02/Q6 Transfer From Income To Principal 1~5~9.63 12/04/Ob Transfer From Income. To Principal. 1~54?2.89 12/11/06 Long Term Capital Gains Distribution on Fidelity Diversified International Fund 1~29j3.36 12/11/06 Short Term Capital Gains Distribution on Fidelity Diversified International Fund 1;0.03 12/].2/06 Transfer From Income To Principal 1715.77 12/21/06 Long Term. Capital Gains Distribution on Rowe Price Equity Income Fund. iy452.95 12/21/06 Long Term Capital Gains Distribution on American. Century Small Company 221.21 12/21/06 Short Term Capital Gains Distribution 4n Rowe Price Mid Cap Value Fund 914.06 12/21/06 Long Term Capital Gains Distribution on Rowe Price Mid Cap Value Fund '2914.9:3 FORWARD $ 565860-. 11 PR~TCT)?]1t~ xscas~rs (cwt ~ a) PORWF-RD $ 565, 81(1.11 i Ste' St9QR!)S~iT ItSCBIF`t„~ {cont'd) ', 12/21/06 Short Term Capital wins Distribution on Rowe Price Equity Income Fund 11,44 12/22/06 Transfer From Income To Principal 3~g.7g: 12/26/06 Long Term Capital f3ains Distribution on American Funds AMCAP Fd Inc. 1I,4~8.95 12/~'TJ06 Transfer From Income '3'c Principal 61T. $0 01/02:/07 Long Term Capital mains Distribution on Dodge & Cox International !rand 12.1.91 01/02/0T Short Term Capital Gains Distribution on Dodge & Cox International Fund $4,79 01/03/07 Transfer .From Income To Principal 5~5,3i 01/05/07 Transfer From Income To Principal 4;1k9.'03 02/02/07'Transfer From Income To Principal 11.23 02/0..5/07 Transfer From Income 'To Principal 4312.86 03/02/07 Transfer From Income To Principal 7.63 03/05/07 Transfer From Income To Principal 52.41 .04/02/07 Transfer From Income To Principal 1~7.;OI9.60 04/03../07 Transfer From Income TO Principal 215,27 04/04/07 Transfer From Income To Principal 5912.32 04/06./07 Transfer From Income To Principal 15.69 04/13./07 Transfer From Income 'To Principal 0':1..00 05/02/07 Transfer From Income To Principal 25,83 FaRWARD $ 57278$..97 7 PRZaTCtPJ13. R~IpTB (coot ~ d) FORWARD sys~scxr~rrr RIPTS (coat ~ d) 05/03/07 Transfer From Income To Principal 06/05/07 Vans€er From Income To Principal 06/20/07 Transfer From InCOrne T'o Principal 06/20/07 Long Term Capital Gains Di$tribution on Amexca~ I?'uads A~iCAP Fd Inc.. 06/29/07 Transfer From Income To Principal 07/03/07 Transfer From Income To Principal 07/05/07 Transfer From Tncome Ta Principal.. 07/27/07 Sovereign Bank -'Refund For .Late Charge On Mortgage 08/06f47 Transfer From Income To Principal 08/31.fO7 Transfer From Income To Principal 09/05/07 Transfer From Income Tv Principal 09/05/07 Received from Flaghouse - Tteimbursement For Overpayment On 8qupment 09/06/U7 Transfer From Income Try Principal 09/28/07 Transfer From Income To Principal 10/01/07 Transfer From Income To Principal 10/02/07 Transfer From Income To Principal ].0/04/07 Transfer From Income To Principal 11/02/07 Transfer From Income To Principal FORWARD $ :57:21,, 78.97 s~1a2 3$1.66 X2.93 3X9.-_Bi9 .354.13 56.00 5602.55 '7~6. Q7 5.],2.69, 5.98 1. ~ ~. 22.95 703 .:2:1 32.13 73.80 :16.81 676.OS 2'4.66 $ 577,49.14 - 6 - ~xcsp~r. Rscs=~rs cwt ~ a~ FOR-PARD $ 5 7 7i, 4 $9.14 SUBSEOClSt7T RBCSIPTS (cont'cl) 11/05/7 Transfer 'From Income To Principal 6$4.25 11/20/07 Long Term Capital Gains Distribution vn Federated Kaufmann'FUnd 35.13 11/20:/0? Short Term Capital Gains Distribution on Federated Kaufmann Fund 14.90 12/0h/~?7 Transfer Fr+tsm incase To Principal ~4.~ I 12/05/09 Transfer From income To Principal I',6~O.OD 12/10/02 Long Term Capital-Gains Distribution crn Fidelity Diversified ~ternatiattal Fuaci 1j,1~1.13 12/11/07 Transfer From Income,Tcr Principal 2,~ry,63 12/1.8/Q7 Long Term Capital Qains Distribution on T. Rowe Price Equity Income FD CL A 2r8~7.76 12/18/07 Long Term Capital Gains Distribution on ', T. Rowe Price Mid Cap Value Fund 2'9.57 22/18/07 Long Term Capital Gains Distribution on American Funds AMCAP Fd Iric-. 3~07~9.60 12/19J07 Short Term Capital C~aFiis Distribution on T. Rawe Price Mid Cap Value ;Fund ' 159.0'0 12/19,/07 Transfer From Income To: Principal '5'0.10 12/19/07 Short Term Capital Gains Distribution on T. Rowe Price Equity Income FD CL A ',122.88 12/19/07 Lang Term Capital E3ans Distribution on American Century Small: Company ~41'F8.78 12/19/07 Short Term Capital Gains Di~trbuts:on on American Century Small Company 5.42 FORWARD $ 58$y1 0.31 9 ~~u xscsz~rs c conr~a~ FORWARD $ 58$'1,170.31 SUBSEQU~ IT RECEIPTS. (cont'd) 12/2x/07 Transfer From Income To Principal '..42.7.29 12/24/07 ,ong Term Capital Gains Distribution on Baron Small Cap Fund ,303.61 12/24./07 Short Term Capital Gains Aatribution on Baron Small Cap Fund. ~ X0.82 12/28/Q7 ~"x~ansfer From Income To Principal 1011.40 12/3'1/07 Long Term Capital Gains Distribution on _ Dodge &Cax '-International Fund 452.58 12/31/D7 Long Term Capital Gaine Dstributi©n on Dodge &Cax International Fund '1314.05 41/Q2/08 Transfer From Income To Principal ' 1.84 01/03/48 Transfer From Income To Principal 5311.5'1 01/04/0$ Transfer From Income To Principal ','771,2.,_27 02/b4/48 Transfer From. Income To Principal 318.47 02/0:5/0.8 Transfer Fram Income To Principal 6816.31 03/.04/08 Transfer From Income To Principal 310,18 03/05/08 Transfer From Income To Principal 16318,65 03/19/08 Transfer From Income To Frincipal 3.22 03/28/D8 Long Term Capital Gains Distribution on T. Rave Price Equity Income FD CL A ~ 816.25 03/28/08 Long Term Capital Gains Distribution on ', T. Rowe Price Sguity Income E~'D CL A 1a44~4.63 03/31/48 Transfer From Income To Principal 32'7.60 FORWARD $ 594~i70.99 PB~iC~k+J~L ~BC~'tPTS (cony d) FCORW?~ttt3 SUSSBQTBNT RBC~ZPT3:{cont'd7 04/02/08 Transfer From Income To Principal 04./03/08 Transfer From Income To Principal 05J02/08 Transfer From Income To Principal 05/05/08 Transfer From Income To Principal 0603/08 Transfer From Income Tb Princpal 06/04/08 Transfer From Income: 'To Principal 06/24/08 Long Term Capital Gains DBtribution on American .Funds AMCAP Pel Inc. OS/30/08 Transfer From 'Income To Principal 07/02/08 Transfer From Income. TO Principal 07/03/08 Transfer From Income To Principal 08/04/08 Transfer From Income To Principal. 08/05/08 Transfer From .Income. To Principal 09/02./08 Interest on Federateci.Prime dblgatians Ftncl 09/03/08 Income on 14,296.202 IInits Federateel Tata1 Return Bond Fund Inst 09/29/08 Income on 2,217.321 Units T Rowe Price Equity InCOme Fund C1 A 09/30/08 Income on 100 Units Vangard Aet STF 10/01/08 Interest. on Federated Pz3,me Obigaton Fund Sexvice FORWARD 594',1b0.99 +~s.SZ 68.54 19..70: 63.44. x.7.30 61.40 2'i, 16.27 ~2.2~2 15.6'0 680.65 x.2.34 66:67 '9.42 6'3.74 32.60 X7.2:0 8.82 $ 600'x,, 9 3.42 - 11 PR~4CZp1-L 1t3C8tBT8 , j~osti ~ $) FORWARD 3UBSaT RIPTS (cant'd) 10/02/OB:.Inc~ne On 14,296.202 Usiits Federated Tonal Return Bond Fund inst 11/03/0@ Interest on Federated U'S Treasury Cash Reserve8 11/03/08 Interest on Federated Prime Ob1~:gation Ft~nrl Service 11/04/08 Income an 11:,575,113 Units Federated Total. Return Bond Fund Inst 11/17/08 Received Fronn The US Treasury - 2007 .Form }:041 Refund 11/:18/C38 Transfer From Income To Principal.. 12/0]:/08 Interest on Federated US Treasury Cash Resezves 12/41/08 Interest on Federated Prime t3blgations Fund Service 12/02/OS Income on 1:1,575.:113 Units Federated Total Return Bond Fund Inst 12/08./08 Income On 492.667 Units Fidelity Diversified International Fund 12/12/08 Iascane on 2,217.321 Units T Rbwe Price Equity Income Fund CL A 12/15/08 Short Term Capital Gains Distribution on T. Rawe Price Mid Cap Value Fund 12/15/08 Fong Term Capital C3aina Distribution on T. Rowe. Price. Mid Cap value Fund FORWARD ~ 6001, 9$3.42 6'2.78 ', 1.60 7'F4.89 ', 551.02 1 r 4?J 9.0-0 42.23 2' . 02 !4 .55 ', 5519.45 151 .71 3514..77 27.22 ', 17.5'0 604_,178:4....17 - 12 - ,_, _ ___ FIP11L R$C8Z1tT8 twat r d) FORWARD $ 60~, "7$'4.17 ~13~8~(HTffiOT~PTS CoOn~d) 12/15/08 Income on 194.457 Units T Rowe Price Mi~ti cap value Fwad ', 55.00 12/31/08 Income on 100 Units Vanguard Ret BTF' 93.501 12/3'1/0$ Inc~ne On ~0 UniGa Vanguard. 'Small-Gap Value E~4'F #8..69 12 /31/0B Income on ]:1,575.113 Units Federated Total Return Bnncl Fund Inst '22.77 i 01/02'/09 Interest on Rederated Prime Obligations ', Fund Service Shares 3.82 01/02/x9 Interest on Federal US Treasury Cash ', Reserves ~! '1:.36 01/05/09 Income on 21,575.113 units Federated Total Return Bonel Fund Inst 55966' 01/22/09 Transfer From Income To Principal ~3~7.10 01/29/09 Short Term Capital Gains Distribution on ;Dodge & Cow Tnternatorial Fund ' X4.24 01/29/09 Long Term Capital Gains Distribution on ' .Dodge & Cox International Fund '674.81 01/30/09 Transfer From ].ncarne To Principal ,2.61 02/03/09 Transfer From Income To Principal 3.6 0.2/04/09. Transfex From Income To Principal 491.62 03/03/09 Transfer From Income To Principal 3.79 i 03/04/09 Transfer From Income To Principal 49h6.41 03/30/09 Transfer From Income To Principal '2.31 IORWARI3 $ 607y8~5_50 ~CZP~.L li$L"SIPTS '(CC~at • d) 6071'., 85.5 FORWARF~ SUB3i~'7T Rl3C~IPT14 scont~d) 03/31/09 Transfeir From rnic~e To Pr3:ncigal 04/01/09 Transfer Frtxq Income To Principal 44/02/09 Transfer FZ'bR1 Income TO Principal 04/03/09 'Transfer Fzom Income To Principal 4S/08j09 Reaeied From 'The US Treasury - 2Ot18 Form 1041 Refund 05/29/09 Long Term Capital Gains bstribution ot~ Baron Small Cap ..Fund 06/30./09 Transfer From InCOme To Principal 07./01/09 Transfer From Income To Principal.. 07/02/09 Transfer Frcam Income To Principal. 07/03/09 Transfer From Income To Principal 01/06/10 Transfer From Income To Principal 01/07./10 Transfer From Income To Principal 02/04f10 Interest Federated Government Obligation Tax Manage¢1 Fund. 02/10/10 Transfer From Income To Principal 04/06/10 Transfer From Income To Principal TOTAL PRINCIPAL RECEIPTS 2~k3.91 7.8.0: 3.49' 5$4,4'9 716.OU ,21 132.19 +18.50 .T6 499.10 28.02 .19 .: 01 3f2,26 3814.72 $: 610 ~ 51;7.. 15 ---- ---- 14 - _ ~. kR~iCIFiRY, t~AI~ C?~ LQ88E$ O!T &AL8$ Oft Q't811R bI8k~08ITIONB OT/12/06. Sovereign Seek Mortgage Z,oan Ne+t Prroceeds 217., 600.00 Acquiait3.on value 217.,.60.0.Q0 03/06/07' 517,891 Units Federated Total, Return Bond Pond zmstl SHS 1~et Proceed8 5.:..500.00 Acquieitior~ value 5,525.90 0~/o6~a7 24,14 t7nta Vanguard BuY~d .A~lu-iral ]stet praeeeds x,500.00 Acquisition Value 2,504.89 06/32/07 3,878.666 Units vanguard (3NMA Fund Admiral Net Proceeds 38,631.5.1 Acquisition Value 39, 795.'11' 07/13/07 312.'793: Units T. Rowe Price Equity Income FD CI.. A Net Proceeds 10,.0:00.00 Acquisition Value 9,324.3-6 $ D7/13/07 463...172 IIn:iaa American Funds AMCAP Fd Inc. Net Proceeds 10 , 2 5 0 .; 0 0 Acquisti©n value 9,:559.87. 07/13/07 65.012 Units Dodge & Cox International Fund. Net Proceeds 3,300.00 Acquisition Value 2.'803.3:2 07./13/0'7 70.356 Units Fidelity Diversified International Fund Nct Proceeds 3,000. U0 Acquisition Value 2,733,33 09/05/07 668.577 Units Federated Total Return Bond Fund Instl-SHS Net Proceeds 7,000.00 Acz,;sitio~n Value 7,133.92 FORWARD $ 215 -9U I4 . B 9 1,163.50 .675_64 690,13 496. ~;8: 366.6? 1313.72 2,129.12 $ 1,328.31 - 15 - PRINCIPAL ti~~1I~T8 OR L088S8. ON SALES OR {?'1'!~ DxBP't-8I'TIOltS (coa~lt' ;f~3AI:N .LASE: FORWARD $ 2,129.12 $ 1,32'~.~.1 02/25J08 509.912 Units American Century Small CompaLy Net ProCeedts 3,$80.43 Acqufston Value ,5..055..41 T,17~4.98 10/06/08 2,721.08.9 Units Federated Total Return Bond.Fuad Instl SHS Net Proceeds 28,000.00 A,equiete5~t Va3;u+e: 29, i~34: 42, ~., 034 . I TOTAIS $ 2,129..12. $ 3,53h.i1 NBT fAgS TRANSFBRRBD TO St1NIlyP,R'Y $ 1,4Q3.99 a cmamas:aa=~s~a ', - 16 ~ _ __ __._ ~RI~TTCtp'~lL R=71FARAISEB ACCOUNT RBAPPRAIS~D' VALUE RSAPPRAI3SD AS OF U3/3Q/07 Property - 423 Pane Grave &oad, Gardners,. PA 17324 $ 335,819.82 $ 335,877.OQ ~ r TOTALS $ 335,:819.82 '$ 335, 8'T7,. OQ II~CIt8AS8 TRAN'SFSRRED '1"O SU~lARY ]?AiGE 5 7.18 $ 3'3.5 , 87'7 : Q (~ 3SLS~G~~~~~~~33~ - 17 - nzssuRS~rrs +Dir c=~+a-r. FIDUCIARY FEES Sovereign Bank 02/07/06 Trustee Fee 03/07/06 Trustee Fee 04/07/06 Trustee Fee 05/08/06 Trustee Fee 06/07/06 Trustee Fee 07/10/06 Trustee Fee 08/07/06 Trustee Fee 09/08/06 Trustee Fee 10/10/06 Trustee Fee '11/07/06 Trustee Fee 12/07/06 Trustee Fee 01/09/07 Trustee Fee 02/07/07 Trustee Fee. 03/07/.07 Trustee Fee 04/09/07 Trustee Fee 05/18/D7 Trustee Fee 05/31/D7 Trustee Fee 07(10/07 Trustee Fee 08/07/07 Trustee Fee 09/10/D7 Trustee Fee 10/09/07 Trustee Fee 3 71.4.4. 339,04 377.02 367.09 381.$7 370.50: 309.44 311-. 83 303:29 316.1 .302.29 315.48 320.02 306..85 824.4.8 621.23 643.97 622.37 634.4'1 634.86 61:9.73 FORWARD $ 9,29'2..27 - 18 - FIDUCIARY 'EBBS tcont"c1? sovereign Bank (cont'd) 11/09/07 Trustee Fee 12/10/07 Trustee Fed 01/18/08 Trustee Fee 02/08/08 Trustee Fee. 03/IO/08 Trustee Fee 04/08/08 Trustee Fee 05/08./08 Trustee Fee 06/09/08 Trustee Fee 07/09/08 Trustee Fee 08/08/08 Trustee Fee 09/09/08 Trustee Fee 10/08/08 Trustee Fee 11./10/08 Trustee Fee 12/08/08 Trustee Fee 01/09/09 Trustee Fee 02/09/09 Trustee Fee 03/09/.09 Trustee Fee 04/08/09 Trustee Fee 05/08/09 Trustee Fee 04/08/09 Trustee Fee ~T$$~1RSR~1'$ pF pRi~.'IP]kL iQC=l't ~ d,„~ FORWARD $ 1,292.27 649.2:0 622:.95 641.32 63:2.95 585.69 624.OZ 60:9.02 .629.70 5`93.0:0 6OT.63 613.28 57$.7 544.26 514.82 539.69 530,13 470.55 53:'1.65 52'6.45 504 . +~'6 FORWARD $ 20,843.70 - 19 - D=ss~s~rrs of PR3,lTCIFAI t coat ~ a Fc~RwARD ~ 20, a4i.7a FIDUCIARY F8~ (c4nt*d Scyvsreian Bank (cunt'd1 07/08/09 Trustee Fee oaflo/o9 Trustee Fee 09/09/09 Trustee Fee 10/08/09 Trustee Fee. 11/0:9/09 Trustee Fee: 12/'08:/09 Trustee Fee 01/12/10 Trustee Fee 02J08/i0 Trustee Fee. 03./08/10 Trustee Fee 04/08/10 Trustee Fee 05/10/10 Trustee Fee 06./08/10 Trustee Fee LEC3AE, FEES Hataen Elder Law 11/13/08. Legal ExpeYisess Weir & Partners yLP 05/03/06 Legal Fees for Mortgage Yteview FORWARD 4$'91.02' 614.11 520.~~ ~, 510.56 II!~ 625.20' I! 516.40 535..23 ?31.01 663.02 I' 743.35 722.81:- 717.49 $ 28 029 69 $ 28,029.89 577J5.0 .250..00 82.7.50 28,857.39 20 __ ~~saoaB~serrs og CI PAL c tso~nt ~ d1 'FORWARD $ 28,857.39 FA1; STATB & LtX>AL TAXES ', PA Det~ar tment of Revenue ' 04/10/07 Estimated Tax Payment - 1st Quarter-Form PA-4;1 $ 49:00 ~ 04/10/07 2006 Farm PA-41 $alance Due.. 196.00 06!08/07 $stimated Tax Payment. - 2nd Quarter Form PA-41 49.00 i 04/07f08 Sstitt~ated Tax Payment - ld~ Quarter Form PA-41 90.00 04/.07/.08 2007 Farm PA-41 Balance nue 153.00 Ob/10/08 Estimated Tax Payment - ~fld Quarter Form.. PA-41 90.00 ' 09/11/08 Estimated Tax -Payment -- 3rci Quarter Form PA-4i 90.00 12/26./08 Estimated Tax Payment - 4th Quarter Form PA-41 90.00 817.100 817.0':0 aErrERAi, nlssaxsTS ' Al state 'Insurance 08/37./08 To Adjust Soverea:gn Bank Mortgage Loan. to Correct Balance at 12/31/2007 $ I, 097.42 ' 08/29/08 Insurance Payment 1,002.35 06/28/10 Insurance Payment 1.,361..12 3,460.9 Beashoff Fence 11/07../08 Installation 8xpense 3,440. p0 23,674.39 DISH!]88$TB. 08 PRIATCIPIIL (coat' d~ FORWARD E~18i~1F~lillI. DISSUR3T3 ( coat ~ d'} Cazolvn R filcOullen - Tax Collector 03/a9fa7 Real Estate Tax x5./15/07 zeal Estate Tax 05/15/0'7 'Real. $state Tax U7f18/07 Real Estate Tax. 10/23/07 Received from ~3overeign ~arik I''~xtgagc Loan Department - Refund of Real Estate Taxes Held in Escrow, Paid Directly by Trust 03/07/08 Real. Estate Tax 07/15/0$ Real Estate 'Tax 08/27/08 To Adjust Sovereign Bank Moxtgage Loan to Correct Balance at 12/31/'200' 03/3/09 Real Bstate Tax 07/x8/09 Real 8state Tax 03J18/10 Real Estate Tax 'ckenson T shi 10/07/08 Pool Permit Heishman's Water Service ].]./05/0:8 Water For Pool ~evstone Pools 10/08/08 Installation Expense 106.14 409.84.: 761.32 3,140.95 -4,.303.6.6 597.88 3,1?6.80 6, Sao ~ a9l S 4.,10.3.65 671:.11 2,179.54 671.11 FORWARD.. $ 11, 714..9 29,674.39 325.0 14:7.0 !, a3,17o.00 23,`170 .00 $ 19, 087. 8 '$ 29, 6.74..3:9 - 22 - T __~ AI88DtB8~NTt~ OF B3~2gCrp3-z~ tccuit'd) F(3RWARD $ 23, 170.Od $. ORAL DISBUR34$MS1~5 fcoa~,c1) 18 tcont'dl 11/07/08 Instaliaticc~n i~xpense 'Loan Pavmeat 02/22f07 Sovereign Bank 'Mortgage Loan 02/22/07 Sovereign ;M@x~tgag±s Loan 04,/10/07 Sovereign Bank Mortgage Loan OS/03/07 Sovereign Bank Mortgage Loan 05/31/07 Sovereign Bank Mortgage Loan 07/27/07 Sovereign Bank Mortgage Loan 08/22/07 Sovereign Bank Mortgage Loan 08/2:9/07 Sovereign Bank Mortgage Loan.. 09/20/07 Sovereign Bank Mortgage Loan 10/1.9f07 sovereign Bank Mortgage Lpan 11/~El/07 Sovereign Bank Mortgage Loan 1.2/20/07 Sovereign Bank Mortgage Loan. 01/18/08 Sovereign Bank Mortgage Lean. 02/20/D8 Sovereign Bank Mortgage Loan. 03/20J08 Sovereign Bank Mortgage Loan 04/18/08 Sovereign Bank Mortgage Loan 05/20/08 Sovereign Bank Mortgage Loan 06/20/08 Sovereign Bank Mortgage Loan 2.000,00 4,271.37 ~.,,9a7~ss 1,947.58 1,947.58 L, 947.58 2,023.65 2 023-. 65 1,94:7.58 ]., 947.58 i,947.ss 1,947.5$ 2,023.65 2,023.$5 2,:0.23.65 2,023.:65 2 , :02'3 . -6b 2.,023.:65 2,0.23.65 19,08758 $ 29,674.3.9 PORWARA $ 38.,064.86 $ 44,2.57. 8'$ 29,674.39 - 23 - DISBDR8B~1T$ O!` P&Ili CZPAt, (<'soat' $? FORWARD $ 38, 06+4:. $S $ 44, 257.58'' $ aA~ L P DzBBVlsrs (coast ~d) t r ~ oan ast 07/18IO8 men conC d3 Sovereign Bank Mortgage Loau~ 2,023.65 08/20/08 Sovereign Bank Mortgage Loan. 2,023.55 I' 08/27/08 To Adjust Sovereign Hank t~x~tgage Loam to Correct Balance at x.2/31./2007. ', Principal - 1975.71, Interest 15765....73+ R H~s~a~e Ts - 4].43.5f,~ ~, Insurance -- 1097.42, Tate ~'eee - 352.34, Escrow Balance - 2828.30 -25,922..96 ', 08f29/O8 To Adjust Sovereign Bank Mortgage Loan to Correct Balance at 07/31/200$. Principal - 1939.85,, Interest - 9397.49, Escrow Balance - 2828.21 =14,.165-.55 '~ 09/19/08 Sovereign Bank Mortgage Loan 2,.023.55 09/23:/08 To Adjust Sovereign Bank Mortgage Loan to Correct Balance at 08/31/2008. Principal - 264.0:9, Interest - 13:35.5:3,. Escrow Balance - 404.03 -2,023.65 10/20./08. Sovereign Bank Mortgage Loan 2,023.65 11/2'0/08 Sovereign Bank Mortgage Loan 1,521.50 12/19/08 Sovereign Bank Mortgage Loan. 1,521.5.0 12/31/08 To Adjust Sovereign Bank Mortgage Loan. to Correct Balance at 12/31/200.8. Principal - 957.38, Interest - 5324.8b, Escrow Balance - 808.06 -7.,090.3.0 ~ 01/20/09 Sovereign Bank Mortgage Loan I 1,521.54 02/20/09 Sovereign Bank Mortgage Loan 1,521.50 II 03/20/09 Sovereign Bank Mortgage Loan 1,521..50 2.9,'6T4.3,9 FORWARD $ 4,5F4.50 $ 44,257. 8 $ 29,674.39 - 24 - r_,T T DI88URSSMB~IY$ QF $RINCIP tcoat'd) FORWARD $ #,564.50 taw p~sstnzss .(coat ~ of L~o~en Pavraent (cwt ~ d ). 04/28/09 Sovereign sank :Mortgage :Loan 05J20/b9 Sovereign Bank Mortgage Loan 06J19/09-Sovereign Bank Mortgage I,van 07/20/09-sovereign sank Mortgage Loan b8/20/b9 Sovereign Bank Mortgage Loam 09/38/09 $overegn Bank Mortgage Loan 10/20/09 Sovereign Bank Mortgage :moan 11~20/b9 Sovereign Hank Mortgage Loan 12J18/09 Sovereign Bank Mortgage-Loan 12j31/09'Td Adjust Sovereign Bank Mortgage Loan to Correct Balance at 12/31/2009. 'Principal - 2406.3$, Interest - 7,5851.62 02/22/1U Sovereign Bank Mortgage IsOaA 02/22/'].0 Sovereign Bank Mortgage Loan 03/22/1b Sovereign Bank Mortgage Loan 04/20/10 Sovereign Bank .Mortgage-Loan 05/20/10 Sovereign Bank Mortgage T,oal's 06/22f10 Sovereign. Bank 'Mortgage S,oat1 06/30/10 To Adjust Sovereign Bank Mortgage Loan to Correct Balance at 06/30/201Q'. Principal.- 1056.99, Interest - 5550.57., Late Fee - 76.07 FORWARD 1,52.1.50 1,521.50 1,521.:50 1,52'1.50 1, 521.'5'0 1, 521.50 1.,521.50 1,521.50 1,521.50 -1$,258.00 1,521.50 1,597.57 1.,521.50 1,521.50 1,521.50 1,521.50 44,257581 I 29.,674.39 -7,6$3,57 1,S21.L50. 45, 779 a 0811 $ 29, 6?4..39 - 25 - I~x8r8 c~ ptr*+~ *=p;~-r. tit ~ a~ FQRWA~ZD $ 45, T79.1 OS! ~L DI38I~FTB { fit,' d ) I P~ck'.~S eotic Sg ce ', 11/05/08 Septic Tank Pumped. 366.53' ' Sovcre]:c n Baulk.. Mortrtaae Loan - 8scra~ ~ '~ BalatTSCe oe/a7/oe To Adjuat!Soveregn Bank Mortgage Loan. ', to Correct balance at. 12/31/44'7 ~ x.:828.30 08/29/08 To Adjust Sovereign, Bau~c Mortgage Loan. '~ to Correct Balance at Q7/31/2008 2,82'8..21 ~' 08/29/46 Withdrawl for Insurance Payment -.1,002.35 !~ 09/23/08 To Adjust Sovereign Bank Mortgage Loan to Correct Balance at 08/31/2408 404.03 11/10/08 Received from Sovereign Bank Mortgage ', Loan Department -Refund of ~acrow Balance -5,$66.25 12/31f08 T'o Adjust Sovereign Bank Mortgage Loaa ~, to Correct Balance at 12/31:/2408 808.06 O.bO i I Sovereig n Hank Mortgage-Loan - Tz~tereat ~xoense ', 11/09/46 Interest on Loan 1~or Loan Period Ending 10/31/G6 $ 12.0.69' 12/i3/06 _Interest on Loan For Lean Aerod Ending 1I/30/06 124.85 !, O1/ii/07 Interest an Loan For Loan Period Ending 12/31f06 73.5.45 08/27/08 To Adjust Sovereign Bank Mortgage Loan to Correct Balance at 12/31/20:0.7 15,755.73 F'OR9PARD $ 16, 746.72 $ 96,145. 1 29, 6'7+~ . 39 29,674.39 - 2b - ~t~ataeas~rrs a~ ~,}~crpr,L t coat + d ~or~wA~n ~ 16, 746.72 ~ DI38URSS f coact ~ d ~lrereipn .Bank Mortctaae Loan -_ Interest $~cnense (cont.' d } O S /2 9 / 08 'rv Ad j fast Bc~veregn Bank Mortgage Loan to Correct Balance at 07/31/'x008 09/23/08 To Adjust Sovereign Bank Mortgage Loan to Correct Balance at 08/3'.1/.2008 1x/31/08 '~ .Adjust ~overeigsa, Barilc I!tgage Doan to Correct dance at 12/31/2008. 32/31/09 To Adjust Sovereign Bank Mortgage Loan. to Correct Balance at 12/32/2009 06/30/10 To Adjust Sovereign Bank Mortgage Loan.. to Correct Balance at 06/30/2010 Sovereign Bank Mortc[aae Doan -.Late Fees 08/27/48 To Adjust Sovereign Bank Mortgage Loan to Correct Balance at 12/31./20:07 06/30/10 To Adjust Sovereign Bank Mortgage Loan Ga Correct Balance at 06/30/2010 West Penslx~ro Towrsshp 10/17/08 Inspection Expense for Pawl 04/12/07 Transfer From Principal To Income 09/25/07 Transfer From Principal To Income 01/10/08 Transfer From Principal To Income 04/21/08 Transfer From Principal To Income 09/03/08 Transfer From Principal To Income FORWARD - 27 - 9,.397.49 1,:335.53 5,:324.86 15,8'51.62 5.550.51 152.14 76.07 4s,145.IZ7. $ 55,206.{3 228.1 29, 674.3;9 2OO.~Q i 3, 200.0 905.5 860.I~0 .1.307.0 1, U08 . $.0 109,0$2.0 $ 29,674.39 1_ nrsav~~rrs or pxra~ctpu [cant ~ a~ FORi+iARD $ 1D9, t1S2.10 $ 29, 674 .39 t3BNBRAI, DISBURS8t48~1T8 (cortL' d? Q6/30/10 Net Transfer Pxincigal to It~ecxYie tip ', Cover Overdraft in Income Cash 2 , t172 , N'a 111, X34.]:0 TaT'AL DISBUR$'I~E:NTS OF PRIAIC*PAL $ I4Q,:808.4,9 - 28 - L_ DISTRr8UT3~?8.O!' pCI~ TO 8ffii8lIC! YAR2B8 ' I~unter Griffis Abiltrrt.cans -Items far Hunter Griffis: 11/21/06 $ 6550.63 Flaghouse - Items for Hunter Griff'ie 11/21/06 1,021.09 Ford Motor Credit 04/1'0/08 $ 4?4.70 0$/08/08 474.70 03/31/09 469:,94 05/19./10 _ 469::.94 1f889.28 Heeknoarz & headsman - 'Individual Income Tax Preparation ', 10/2.9/08 70.OQ PA Department of Revenue Individual I~~ Income Tax Payments ', 04/13/07 $ 135.00 ~' 06/48/07 _ 145.00. 280...00 ~I School-Tech, Inc,. -Supplies for Hunter ', Griffis 02/27/08 109.00 I Schoolmaster Safety -Supplies for ' Hunter t#ri f f i.e 07/11/07 85.3.88 I, .Shannon Gr,ffie -Reimbursement For $xpenses F'or Bunter Griffe~a Behalf 'I U4f12/06 $ 500.00- ~ 06/01/06 1,000.00 12/13/06 150.84 06/02/'10 400.00 2,0.50..84: i Shipley Energy Assistance 02/06/09 947.96 United.. States Treasury Individual Income' Tax Payments ~~ 04/13/07 $ 600.00 06/08/07 60Q.00 1,200'.00 $ 14,97~ ~68- , , TOTAL DISTRIBDTIONS OF PRINCIPAL TO'BENBFICIAYtTE5 $ 14, 972.'68' mmcz=e. ammaex~s~.=. - 29 - IpAL +G~ Real Sstate Property - 423 Pine arr~e Read, Gardners,. FA 17324 Mutual Funds 3,232.613 Uts. American Funds AMCAP Fd Inc. 2b8.169 Uts. Baron Small Gap Fund 434.4.36 Uts. Dodge & Cbx International Fund 860.474 Uts, Federated Kaufmann Fund 11,575,113 Uts. Federated Total Return Bond. Fund Instl S8S 492.667 Uts. Fidelity Diversified International Fund. 2,217.321 Uts T. Rowe Price $quity Income FD CL A 197.707 Uts: T. I~oare Price Mid Cap Value Fund 100 Uts. Vanguard REIT STF 70 Uts. Vanguard Small-Cap Value BTF Other Sovereign Bank Mortgage Loan CASH {AUTOMATIeALLY INVF.'STED) TOTAL PRINCIPAL BALANCg ON HAND FIDUCIARY VALUE AT ACQUI3ITIDi~` _ qs/3o/201o vALVE i 285,040.00 $ 335,877.0:0 50, 0'3..1.8? 65:s 164.84 3,94.4.,80 4,724.6 I 12, 424 _ 8'1 18, 099 ~~ 06 3,82q,50 4,89Q~03 129,294.01 121,55636 12,050.63 19,.111 19' I 43 969.4 8 I 65,58155 3, 952.16 5, 2'72 ~ 2,g 4,699.00 7,17770 3,622.00 4,244.110 -208,979..60 -208,979:,60 S 344,071.03 $ 443,319.15 9,666.02 9,666_i02 I 353,737.05 $ 453,385.',17' _________________~ __=====s=====__~°_ - 30 - HUNTER M. GRIFFIE SPECIAL NEEDS TRUST DATED APRIL 13~ 2005 Rider to Princi al Balance on Hand The Principal Balance on Hand is subject to payment of the fee for the filing of }}~~,,~ account and to a reserve for attorneys' fees and costs in the amount of $1,SOO.OOrV -30A- III 1 _~ __ ~_ __ PR~I~~ Z~gs ~~$ 07/11/06 Property - 42:3 Pine Grove Road, Gardners, PA 17324 07/12/06 Property - 423. Pine Grove Road, Gardners, PA 1.7324 12/01/06 9,910.965 Units Federated Total Return $ond Fund Inatl SHS 12/01/06 4,122.807 Units Vanguard C3NMA Fund Admiral. 12/01/06 2, 306.273 Us~u.ts 't. Rowe Price Equity IriC _87:? CL A 12/01/06 3,3:30.911 Units American Funds AMCAP Fd Inc 12/01%06 7.84..]:42 Units Federated Kaufmann Fund :12/01./06 433.071 Units American :Century Small Company 12/01/06 194._518 Units Baron Small Cap Fund 12/01/06 4#9:.907 Units Dodge & Cox International Fund 12./01/06 499..357 Units Fidelity Diversified International Fund 12/01/06 159..42 Units T. Rowe Price Mid Cap Value Fund 12/11/06 34.:196 Units Fidelity Diversified International Fund 12/11/06 0.27:6 Unite Fidelity Diversified International Fund. 12:/21./.06 21.729 Units American, Century Small Company 12/21/06 3.702 Unit's T. Rowe Price Mid Cap Value Fund FORWARD 88,787.82 217,.6.00.00 los,7SO.oo 4.2, 3'00.0;0 68,:7~0.a0 6$,750.00 4,400:.00 4,400.00 4.,400.0-0 19,400.00 19,400.00 4,400.00 1,243.36 10.03 211.21 94.0.6 $ 649,896.48 - 31 - PRINCII+3~iL~I VS$~!$ ~[i-~~ [CR7r ~nt'-d) FORWARD $ 649,896.49 12/21/06 11.607 Units T. Rowe Price Mid Cap Value Fund 2.94..93 ' i 12/21/06 5.459 Units T. Rowe Price 8quty Income ~+ A 161.44 ~ 12/21/06. 49.119 Unite T. Rowe Price Equity Income ~~~ EPD CL A 1,:452.95 1ZJ26/06 72'.159 Units .American Fuxlcis ~1CAP Fd Inc. 1,44..8.95 0102/07 ]..485 Unity Dodge & Cox International ', Fund 64.79 01/02/07 4.858 Units Dodge & Cox International Fund 211.91 ' 02/01/07 Property - 423 Pine Grove Road, ', t#ardners, PA.17324 29,4:32.00 ~i 06/20/07 14.701 Units American Funds AMCAP Fcl Tne. 319..89 07/13/0' 5,571.7A5 Units Federated Total Return Bond Fund Inst. 6H5 57,5"Q0.00 07/17/D7 100' Units Vanguaxd RSIT $TP 7,177..70 11/20/07 780.142 Units Federated Kaufmann Fund 365.13 11./20/07 20..4.75 Unite Federated :Kaufmann Fund 124.90 '~ i 12/lOf fi7 29;.7.94 Units Fidelity DiversifieEl ~ International Fund I 1,19.1.13 I 12/38/07 15b.905 Units American Funds AMCAP Fd ~', Ine. 3,019.60 ', .12./18/07 12.576 Units T. Rowe Price Mid Cap Value Fund 279.57 ', 12/18/07 103.59 Units T. Rowe Price Equity Income FD CL A 2,887.76 FORWARD $ 755,..829.13 ', - 32 - ~! PRINC>:PAL, ~$'1.'$ f+cc~at' dt FOR~PARD $ 755, 829.13 12/19/07 51.956 Unity American Centu7ty Small Compan~r' 41.6.78 12/19/07 3.154 LTnita American Century Small Company 25,42 12/19/07 7.152 Units T. Rowe Price Mid. Cap value Fund 159.00 12/19/07 4.412 [Tits T. Rowe Price Equity Iiloome ', FD CL A -122.88 12/24/07 0.875 Unite Baran Small Cap 1~und 20.82 ', 12/24/07 12'.7&2 Units Baron Small Cap Fund.. 30.3.,61 ~~ I 12/31/0Z 9.805 Unite Dodge & Cox International ', Fund 452,58 ~ 13/3'1/07 2.904 Units Dodge & Cox International Fund 134.05 02/27/0'.8 70 Units Vanguard Sma1.1-Cap Value.'STF 4„244.10 03/28/08 57.716 Units T. Rowe Price gquty Inecame FD CL A 1,444.63 ', 03/28/0:8 3.4+46 Units T. Rowe Price Equity Income FD CL A 86.25 06./24/08 137..109 Units American Funds AMCAP Fd ', Inc.. 2,186.27 08/27/08 To Adjust Savereign Bank Moxtgsge Loan ~~, to Correct Balance at 12/31/2007 1.,975.71 ', I 08/29/08 To Adjust Sovereign Bank Mortgage Lc7dY1 ', to Correct Balance at 07/31/2008 1,939.85 09/23/08 To .Adjust Sovereign Batik Mortgage Loan to Correct Balance at 08/31/2008 284.09 12/15./08 1.978 Units T. Rowe Price Niid Cap Value Fund 27.22 FORT~IARD $ 769,;654.39 - 33 - i I' , ~_ _~_ _. _ __ ~RZxc=~u r~raas aa-as Mont ~ of PC>RiiiARD $ 769, 654.39 12./15/08 1.272 Units T. Rowe Price Mid Cap Value ', Fund .17.50 !~ 12/31/08 To Adjust Sovereign Bank Mortgage Loan ', to Correct Balance at 12/31/2Q08' :957.3.8 01/29/09 29.333 Units Dodge & Cox International ', Fund 614.8'1 0]:/29/09 1.156 Unite Dodge & Ccx international Fund 24.24 li I 05/29/0'9 0. X34 units Bay:an 9ri~a11 cap Fund ' 0 . ZI i2/'31/a9 To Adjust Sovereign Hank: Mortgage Loan ' to Correct Balance at 12/31/2009 2,406.38 '~ 06/30/1:0 Ta Adjust Sovereign Bank Mortgage Loan ', to Correct Balance at 06/30/2010 1,056.99. ', TQTAL PRINCIPAL INVESTMENTS MADE $ 774,731.90 - 34 - _ __ _ _~ __ CHAM4i8S =ffi pRINCIPXi, 'BdL DIX~i8' AC: OL' 12/01/06 Amc+ri C3tn Gent11Y -- 433.071 'v Sma IIts. 7.1 C nv Invested $ i4,~00.00 12/21/06 21..729 Uts. Invested $11 21 454.8 Uts. $ 14,11.21 12/19J07 3.154 Uts. Invested 2 .42 ~ 457.,954 Bt9. $ ,~36.63 12/i9/07 51.8^ ~8 Imveated ~ ~ ~z78 509~9Z2 ~tTts: ~ , '~,~55.41 02/25/08 509-.912 Uts. Sold _~,~55_41 0.0 Qts. $ ~ 0..00 ~~. = s= =C~~COO~¢~rpCCq C =CCVC=~~ C~= ~S.C~C American -Funds AMCAP Fd Tnc. 12/01/06 3,330.911_ LTts. Invested $ b~,750.00 12/26/06 __ .72.159. Uts: Invested 1948,.95 .3,403.=07 UtB. $ 7 ,1198_95 06/20/07 14.701 its. Invcated ~ 31 .8 3, 4:17.771 ~It $ T . X18.8.4 07/1.3:/07 __ 453:..172 Uts. Sa1d `H .87 2, 954..599 Jts. $ 6 .9158.97 12/18/07 15'0.905 Uts. Invested 0119.60 3,105.504 IIts. $ 5 ,9'78..57 06/24/08 127.109 Uta. Invested '.186..2'7' 3,232.613 Uts $ 6 ,1,64.84 C3C.C~G~G~~OG rCCC2y~'~ ~~~~,~= Sp~s.:~^c~.zo-Cc i : .r._ r- ---- ----- -- -- ~~~ IN PRI~ICIP]!L 80LDII ~B (coat ~ d) AC t.~, t ~s 3ma1 Cac Fund '' 12/01/06 194.51$ Uts. Invested $ X4,400.00 la/24/0'7 la.7G2 Uts. Invested 03.6]. a0~.a8 Uts S ,703.61 la/24/07 0.875 Uts. Investe$ '' 0.82 208.155 IIts $ ,724.43 05/29/x9 0.:€tl~ ITts. .lztv+~et,~d _ 0.2.1 20:8.165 Lyts_ I ~ $ ~4, 724.64 Dodge &-Cox Int ernato~a Fund 12/01/06 449..90? Uts. :Invested $ 1~,~OO.QO 01../02/07 4.858 t7ts. Invested <1 .'1 454.;765 Uts $ 1 ,.611..91 O1/Oa/07 1.485 Uts_. Invested 4.79 455.25 Uts. $ Y ,6'16...70 07/13./07- 65..012 Uts. Sold -~,~03_.32 391.:2:38 UCS. $ 1~,8!T3.38 la/31/07 . 2.904 Uts. Invested 134.0:5 394.142. Utz. $ 1 ,007.43 12/3i/07 9.:;805 Uts_. Invested I' 45x.,..8 403..94? t7t6. $ 1...,460, 0'I 01/29/09 1;.156 Uts. Invested ' 24 24 , 405 103 Uts _ . ' , - $ 1 !,484.25 01f29/09 29..333 Uts: Invested. 614.81 434.436 Uts. $ 1 ,099.06 - 36 - I __ S8 Z2T pRINLip~ ~ClLDI~CdB icont ~ d) Fedg~'~tl 'f('gt~fn~~nn =?~~ntl i2/ol/06 ~so.i42 uts. rnves~ea 11/20/07 20.4fi5 Uts. Tnve~ted 8D0.6:17 UtB.. 11/zo/o7 59_.857 uts~, Invested $60.474 Uts. aad~arq sefi3i0a'71s ri~rtseeaerse ft~ r. Federated Total Return Bond Fund Insrl 12/0'i/06 9, 97.0.965 L1t8. Invested 03/06/07 517.891 Ute. Sold 9,393.074 Uts. 07/i3/07 5.571.705 Ute. Invested. 14, 964, 779 iJts 09/05./07 ¢SB.b77 tjts. Sold. 14,296.202 Uts. l0/o6/oa 2,721.os9 Uts. sold 11,575.113 Uts. Fidelity Dversi:fiec Inter~+-+~*+Ai Fund 3.2/O1/o6 499.357 Uta. Inveateci 1Z/11/06 _ 34.196 Uts. Invested 533.5.53 Uts. 12/ii/06 0.27b Uts. 3nyested 533.829 Uts. 07/13/07 70.355 Uts. Sold 463.473 Uta. 12/10/07 _ 29..194 Uts. Invested 492.657 i7ts. - 37 - AC ~U~1T ~,~ao.oo 4,$24.90 l0'~7!50.. d0 $' 10Q, 2124.10 S 15'x', 724.10. ,~ 15 , 5190.3.8- _ ~ _d $ 12; .,5.5£..36 $ 1,400,00 2 3: 6 2U,6~43.3$ ,~! ~L0.03 20~,:6~3.39 -21.7:3.3.3 $ 17~i.9-2U.06 -~ 1; i . $ 191,, 1~L1.19 ,_ _ _ _ _-r, C88 ZN PRI~C3P1lL ROLDIZiQS (t~oat'd) AC 0~1T V Prczr3iexty_ - aa3 Pine 04rove RE~ad, Qardx-ers . ~A 17324 07/11/06 0 Invested $ 8,~,'~87.82 47/.12:/06 0 'Invested ~ 7 0 00 30 , 87:.82 02/01/07 0 Invested 2~9,~,32.~0 ~ $' 3.35,$19.92 I 03/3°0/OZ .Increase 3:n.Reapprasetnent 57.16 33 ,$77.00 Savereiarf Saalc Mort aaae Loan 07/.12/06 Sold S -2 OO.:DO. 0 $ 21 ,$00.4'0- 08/27/08 0 Invested ~.,~75.71 08/29/0$ 0 Invested 9 9.85 09/23f08 0 InveBted 8 .09 0 $ 21 ,~k00.35- 12/31./0'8 0 Invested 7,38 0 $ Z1 , 4~42.97- 12/31/09 0 Invested _ 406,38 06/30/10 0 Invested ;,56.99 - 38 - C 87-1~aS8 7N PRIbTCYP7 tL SOLDIl~38 (c©nt'd) AC +(3D$IT VA , T Rowe price B rnL*v Inaome FD CL A 12/07./06 2,306.2?3' Uts. Istve9ted $ 6~8,'~50,00 12/21/06 5_.458 t?te , Inve~tecl ' 61.44 2,311.?31 T?tB. $ 68,:$11.44 12/21/06 _ 49.:.129 [JtB Invested 52 9 2,36.0.85 Uts. $ 70 64.39 ,. 07/13,/07 31Z:.79~ Utti.. 301 -19.324.36 ~, 04$ .057 i3t~. $ 6~1, 040.03 12/26/07 103 69 Uts,, Invested 7,76 2,151.747 Uts. $ 6 27.79 12/14/07 4:.412. 'IIte. 3nYe$ted ' 22.68 2,15.6:.159 Utts, $ i, , 050.67 03/28/08 _ 3..446 2 15:9 605 Uts. Uts Ingested 86.25 . .. . $ 6L,>F36.92 03/28/08 57.716 i7ts. Invested 44.63 2,217..321 Uts. $ 6 ,5181.5:5 ecvn~=v=asa aam=-x _.s=x.-=. ~.:zscc.-~~:a~~s=s;=-a~~a T. Rowe Prise Mid Can Value Fund 12/01/06 159.42' Uts. Invested $ ~,4i00.00 I 12/21/06 3.702 Uts. Invested I' 4.06 163.122 UtS. $ 1,494.06 12/21/06 11.6(37 lJts. I31'ves~tecl ~! 2~,~ g3 174.729 Uts. $ ,718'8.99 12/18/07 12.576 Uts. Invested ! 2179.57 187.3.05 Uts_ $' .,0168.56 i 12/19/07 7.152 Ute.. Invested II 1 9.0:0 194.457 Uts. $ $,2 7.'56 12/15/08 1.272 IIts. Invested 7..50 195.729 Uts. $ 5,2,5.06 - 39 - __. _ i _ Ca11~i88 IN PR:tPI-L R4L1fISTfiB iC+D~st' d) uNT T. Rowe .Price Mitt Gav Va~.ue Puxd: {writ "dl ]:2/15./08 1.97$ Utz. IF,tvestecl 19'1..70 7 Uta. Vanguard C0\TMA Fund Adal 12/01/06 4,122.807 Uta. Invested 03/06/07 244.141 Uts:. St~ld' 3,878.666 Uts. 06/22/07 3,878'.666 IIts. Sold 0.0 Qts. S 2`7.2 r~72.~: ~ 4~t, 3100.00 $'' 3$, 795.11 $ ~ 0.00 :: ~:,~ m. e.~: tea: ~.~. - 40 I C Century! small C 09/12/:07 Income 4.54...8 Units. 12/31/07 Income 912.754 Unfits American Funde AMCAP Fd Inc_ 12/21./06 Income .3,330.911 Unite 06/19/0'1 Income 3,403.07 Units 12/18/07 Income 2,954.599 Units 06/23/09 Income 3,2.32.613 Units 06/22/10' Incc~tne 3, 232..613 Units Cash 04/12/07 Transfer Fran Principal. To Income. 09/25/07 Transfer From Principal To. Incr~ne 01/10'/08 Transfer Fran Principal To Income 04/21/08 Transfer From Principal To Income 09/03/08 Transfer From Principal To Income 1]:/17/08 Interest On Federal Fiduciary Income Tax Refund 02/26/10 Reimbursement For Late Fees 06/30/1.0 Net Transfer Principal to Income to Cover Overdraft in 3ncoTne Cash. Cas 02/0:1/06 Interest 03/0:1/06 Interest 04/0:3/06' Interest 05/0'.1/06 Interest 06/0.1/06 Interest 07/03/06 Interest 08/01/06 Interest 09/01/05 Interest 10/02/06 Interest 11/01/06 Interest 12/01/06 Interest 01/02/07 Interest 02/01/07 Interest 03/02/07 Interest 04/Q2/07 Interest 05/01,/07 Interest 06/01/07 Interest 07/02/07 interest 08/01/07 Interest FORWARD - 41 - 3.05 1..84. $ 4 ~i, g:~ 4,4.6.34 142.93 !~ .579.10 581..55 ~~ 412.16 ?162h08I '$ 3,200.00 .90.5.95 ~ 860_00 1,-307.0 ~ 1,D08.5A ', 42.23 ' 76.0'7 2,Q72.00 9,47175 999.71 1, 38.6.:12 1,591.22 j 1, 512.6':5 ~~ 1, 732.59 1,724.08 ', 1, 611.66 1, 527.34 ', 1, 486., 83 1,549.63 ', 1,502.89 ..115.54 126.07 7.63 25.2T 25.8.3 15..48 56.00 76.46 17,173..1'0 ,~ 11,638.,72' __ _ _ _ _ r. _ __ ash ~cont'd3 08/03/07 Interest 10/01/07 Interest 11/01/0'7 Interest 12/03/07 Interest 01/02/0$ Interest 02/01/08 Interest 03/03/08 Interest 04/01/08 Interest 05 / 0./48 .7.rx~ter~st 06/02/tt8 Merest. 07/01/08 Interest. 07/02/08 Interest 08:/01/08 Interest 02/02/0'9 Interest 02/02./09 Merest 02/02/09 Interest 03/OZ/09: Interest 03/02/09 Interest 04/01/09 Interest 04/O1/Q9 Interest 05/01/09 Interest 08/Q1/09 Interest 06/01/09 Interest 06/01/09 Interest 07/01/09 Tnterest 07/Oi/09 Interest 08/03/09 Interest 09/01/09 Interest 10/O1/09 Interest 10/01/09 Interest 11/.02/09 Iritereat 11/02/09 Interest 12/01/09 Interest 12/01/Og Interest 03:/06/30 Interest 01/06/10 Interest 02/01f10 interest 02/01/10 Interest 02/16/10 Interest 02/26/10 Interest 04/01/10 Interest 04/01/10 Interest $~ZPTS OF Ib'1'~Qla3 (coati ~ d) FE?1Z~ARD $ '17,173.].0 $ 11, 638.7~Z FORWARD 1..71 ~~ 16.8;1 ~I 24.55 I' 34.32 39.06 38.47 '~ 30.I$ 26.SZ ~, 19:7Q 17.30 15.60 680.65 12.34 0.74 0.10 I 2.80 ', 1.8.1 1.98 1.87 1.62 1.2:6 II 1.23 I 0.38 ', 1.1z ''~ 0.09 0.67 ~'~ 0.34 ~~ 0.12 i 0.02 0.07' I, 0.08 ', 0.02' ~I 0.16 0.02 0.02 0.17" 0.02 ~I 0.08 Ii 0.02 0.08 0.02_ 0.08 $ 18,147.41 $ 11,638. 2 - 42 - RRG~PTS Q! 33eTC0403 tcoat'dl FORWARD $ 3.8:,147.41 _.(cont~a 05/03 /lo z~tere$t 05 /03 /10 Interest 06/01/10 ]Merest 06/01/10 Interest ~dcre & Cox TnterF-ational Fund 01/02/07 Income 44.3.407 Units 01/02f p8~ IxkcaTOe 403,.94? its 01/29/09 a:ncome 434.003 Unite 12/2'.2/09 Ineane 434.436 Units Pederat~d Raufmann.Fund' O1f05/10 Income 860.474 Units Federated Total Return Hoed Fund Instl 12/21/06 Income. 9, 9:10.965 Units 01/04,/07 Income 9,910.965 Units 02/01/07 Income 9,91o.s65 Units 03/02/07 Iacotne 9,910.965 Units 04./03/07 Income 9,393.074 Units 05/02/07 Income 9,393.074 Units 06/04/p7 Income 9,39.3.074 Units 07/03/07 Income 9,393.074 Units 08/03./07 Income 14,964.779 Units 09/05/07 IncomC 14,:964.779 Units. 10/03_/07 Income 14,296_202 Units 11/02/07 Income 14,296.202 Units 12/04/07 Income ~4,296.2U2 Units 01/03/08 Income 14,296.-202 iJnits 02/04/08 .Income 14,.296.'202 Units 03/A4j08 Income 14,296.202 Units 04/02:/08 Income 14,296..202 Unite 85/05/08 Income. 14,.296.202 Units 06/03/08 Income 14,296.202 Units 08/04/08 Income 14,296.202 units 02/0.3/09 Income 11,575.113 Units 03/03/09 Income 1.1,575.113 Units 04J02/09 Income 11,575..113 Units l~C3RWARD O.os 0.02 0.02 .0.07 2,54 .2.0 492..45 379.71 1$9.41 1a,63t~. i 3.8,1471. ~m i 1, 3151.7 71.3:3. $ 171..4.6 419.:03 432-.86 437.43 42G.49 396.53 440.10 44.0.14. 613 .12 703.21 ~ 676.06 654.75 ~~ 650.00 772.27 6x6.31 638..65 658.5A 663.44 6.91.40 676.67 ', 491.62 496.41 534.49 12, 770.98$ 31,'109 t 40! 43 - __ i ~BCSIFTB OP 3NCO1~(comt-d~, FORWARD Federated Ti~.t1al :Return Bend Fund Instl 88 (cont'd) 05/04/09 Income 11,575.11.3. Unit6 06/02/09 Income 11,575.113 Units 07/01/09 Income 11,575.113 Units 08/04/0$ Income 11,.575.113 Unite 09/02/0-9 Income 11,5?5.113 Units 10/02/09 incdne 11,575.113 UnitB 11/0:3/09 Income 17.5'75.113 Units 12/02/08 7.rscr~a~ i1„ 5.75.11' tJn~t~r 12/02J0'9 Tti~tia[e 11, 57'5,113 Unite 01/05/14 Income 11,575-.113 Units 02/09/iQ Income it„575..113 Units 03/03/10 Income 11,575.113 Units 04/05/10 Income 11,575.113 Units 05/U5/10 Income. I1, 5,75.113 Units 06/02/10 Income 11,575:113 Units Ffdel.ty Diversified International Fund .12/11./06 Inccxne 499.357 Units 12/10/07 Income_463.473 Units 12/07/09 Income-492.667 Units T. Rowe Price. 8uu:ity Income FD CL A _12/21/06 Income 2,306.273 Units 03/30/07 Income 2,360.85 Units 03/30/07 Income 2,360.85 Units 06/28/07 Income 2,360.85 Units 09/27/07 Income 2,360.85 Units `12./19/07 Income 2,151.747 Units 03/28/08 Income. 2,156.159 Units 06/27/08 Income. ..2,217.32-1 Units.: 03/30/09 Income 2,217.321 Units 0:6/29/09 Income 2,217.321 'Units 09/29/09 Income 2,.217.321 Units 12/14/09 Income 2,217.321 Unite.. 03/31/10 Income 2,217.321 Units 06/30/10 Income 2,2:17.321 Units FORWARD 12,770.98 534.:0$ 545.9$ 499.10 503.77 5:04.53 485.50 472.89 ~~,41 469.8 47$,84 502.10 487.73 483.20 472.61 477.25 $ 179.77 217.83 - 1.71.45 34.5.94 259.6.9 849.9.1 354.,13. 327.13- 327:69 301.86 310.42 243.91 199..56 199.56 221.73 199.56 221.73 31,109'I,:4 q i ].9, 662 ~ 96 $69.0'5' 4, 362.,182 55, 704.3 44 _ _ _ __ _ _„ - _ ,., R8C8IBT8 OF I ~cOStt•:d) Ia01291ARb owe _ Price Mid Can Valu~Fund 12/2'1/06 Income 159.42 units 12/19/OT Income 187'.305 Units 12/16/09 Income 197-.707- Units Vanguard Func~.Admiral 03./02/07 rnCCxne 4,122.807 Units 02/0'1/07 IrlCOtne 4,122.807 Units 03/Q2/07 Income 4,122.807 Units o4/os/©~ ~n;3,~~s.s~6 units 05/OIj07 income 3, 878.666Units 06/04/07 Income 3,878.666 Units 07/03/07 income 3,8?8:,666' Units Yanctuard TtFdIT BTF 09/28/07 income 100 Units 12/27/07 Income l00 Units 03/31/0.8 Income 100 Units '06/30/08 income 100 Units 03/31/09 Income-100 Units ofi/3o/09 Income loo units 09j30/09 Inccxne 100 t7nts 12/31./09 Income 100 IInits 03/31/1,0 Income l00 Units 06/30f 10 'Income 100 [7nits Vanguard Small-Cats Value St'F 03/18/08 Income 70 Units 03/27/09 Income 70 wits 12/3]:/09 Income 70 Units 03/29/10 Income 70 Dots TOTAL RECEIPTS Off` INCOME: 39.;85 99.60 41.52 185.7 185..16 184.98 1'71,.5:2: 164:,49 176.08 i22' . 41 S 73.ea 10140 49.50 ?9.80 47.80 48..50 41.70 58.40 37.10 4.6,34 $` 3.2:2 2.31 73.57 $ . 03 $ 55, 7i4~.2$ 180 x.97 1,19011 I~ 5$4 .I~130 I $ 57„ 740 . I~74 ax~cev=a.~_CSOLta - 45 - ~I$$t1R8$~'1'S O! Z FA Department c~fi Revenue 09/10/07 Batimated Tax Payment - 3rd Quarter Form PA-41 $ 49 . ~10 i 12/18/Q'7 8stimated Taac Payment - 4th Quarter Form PA-41 49, ~JO 04/0.9/09 2008 Fora PA-41 Balance Due 26.~t0 04/09/09 Estimated Tax Payment - 1st Quarter Form PA-41 109. 0 es/12/a~ tr+~ted Tax Payment - 2nd Queer ~'crut PA-43. 109. (~''d 09/10/09 Estimated Tax Payment - 3rd Quarter Form PA-41 109. ¢D 12/09/09 Estimated Tax Payment - 4th Quarter Foxm PA-41 1;09. 0,~ 56:0.0 United States Tseasnry 06/09/06 Estimated Talc Payment - 2nd Quarter Form 1041 $ 192.0 04/10/07 x006 FOr<[t 1041 Balance Due 288.d0 U4/12/07 estimated Tax. Payment - 1st Quarter Fazm 1641 12'O.E~O 06/08/07 Estimated Tax Payment - 2nd Quarter Form: io4i 120. ojo 09/11/0? Estimated Tax Payment - 3rd Quarter Form 1041 120 , 0~0 01/1$/08 Estimated Tax Payment - 4th Quarter Form 1041 120.OO FORt~i1~RD -~ $ 960.00 ~ 56.0.00 46 __ _ .. --, _ , DISB~STS OF tNCO~OC (coat' d3 FORWARD ynitied Mates Treaaurv t~ont~d3 04/11/08 $stimated Tax Payment - lst Quarter Form 1041 0+~/1]./08'~007:FOrm 1041 Balance Due 06/11/08 Estimated Tax Payment - 2nd Quarter Form 104'1 A1Tstate Insuraaee 09/01/05 InstLraciCe Payment 07/08/09 Insurance Payment: Carolyn R McOul en -Tax Collector 07/0$/09 Real 88tate Tax 02/.02:/06 Transfer From Income To Principal '0:3/02/06 Transfer From Income To Principal 04/04/06 Transfer From Inec~me'to Principal 05/02/06 Transfer From Income to Principal 06/02Job Transfer From Income to Principal 07/05./06 Transfer From Income to Principal 08./.02/0'6 Transfer From Income to Principal 10/03/05 Transfer From Income to Prnci~sal FORWARD 960. b0 '$ 560.00 358.0 949. ~'0 -- 35 0 $ 1,161..7 976.3 2, 6~5 .. t!0 2,138.20 :1,124.84 999.1 ', 1,386.12 ' 480.34 ' 1,612.65 1, 732..53 532.08 611.66 ' 1,152.20 $ 14,.955.39 - 47 - DISBVRSr~ O! ~ (aaaat ~ d} FORWARD $ 14,955.:39 11/02/06 Transfer From Income To Principal 1,549,63 12/04/06 Transfer From Income To Principal. 1,502.:89 12/12/06 Transfer From Income To Principal 179.77 12/22/06 Transfer Frattt Income To Principal ', 385„79 12/27/06 Transfer From Iipcome To Principal &17.80 01/03/07 Transfer Prom Tncome T© Principal 555.:3:1 01/05/0'7 Transfer From Income To Principal.. 439.03 02/02/07 Transfer Front Income To Principal 3:51.2:3 02./05/07 Transfer From Income To Principal ' 43R.86 03/02/07 Transfer From Income To Principal ~ 7.63 03/05/07 Transfer From Income To .Principal 622'.41 04/02/07 Transfer From Tncome To Principal ' 1,109,60 04/03/07 Transfer From Income To Principal 25.27 04/04/07 Transfer'From Income To Principal 592.32' 04/06/07 Transfer From Income To Principal ' 5.6'9 04/13/07 Transfer Frain Income To Principal 91..00 05/02/09 Transfer From. Income To Principe]. ', 2'5.83 05/03/D7 Transfer From Income To Principal 561.02 06/05/0.7 Transfer From Income To Principal ', 3'81.66 06/20/07 Transfer From Income To Principal ', 22.93- 06/29/07 Transfer From Income To Principal 354..1:3 FORWARD s 24, 54,9.19 48 - DISSl7RS~t~TB Ol- IliCOMR laoztt ~ 1 FORWARD 07/03/07 Transfer Fran .Income To Principal. 07/05/07 Transfer. From Income To Principal 08/06/07 Transfer From Inc~xne To Principal 08/31/07 Transfex Fran Income I'o Principal 09/05/07 Transfer Frrxn Incase To Principal 09/06/d7 Transfer From Incase To Principal 09/Z8/t~7 Traae€er Frai- Income To Principe]. to/01/O7 Traasfex From Income 7co Principal 10/02/07 Transfer Prom Income. TO Principal 10/04/07 Transfer Frcnn Income To Principal 11/02/07 Transfer :From Incase Tv Principal 11/05/07 Transfer From Incane'To Principal. 12/04/07 Transfer Frcun Income.Ta Principal la/o5/o7 Transfer From Incase To principal 12/13./07 Transfex Prom Income To: Principal 1Z/1g/07 Transfer From Income. TO Principal 12/20/07 Transfer From. Income To Principal 12!28!07 Transfer From :Income To Principal 01/0.2/08 Transfer From Incom To Principal 01/03/08 Transfer Prom Income To Principal 01/04/08 Transfer From Income To Principal FORWARD 24,549.-19 56..00 5b2.55 512.61 6.9.8 1.71 743.21 327.13 7~,_ 8:0 1s.e1 .676.06 2:4 ,;66 6'54.75 34,32 :650.00 217. e3 53'0.10 427.29 1..01.4=0 1.84 53.1.51 772.27 $ I 31, 432.02 49 - ZIIABI7~B8N'8D1'1's Ot ~ (eortt' d) FOR4~1At2D ~ $ 31, 4.32.02 02/04/'08 Transfer From Income To Principal 38.47:.: 02/ 5/08 Transfer From Income- To Principal ', 686..31 03/04/08 Transfer From Income To Principal. 3'0.18 03/05/08 Transfer From Income To Principal 638.65 03/19./08 Transfer From Isicome To Principal ' 3.2'2 03/31/08 Transfer From Income To Principal I 327.60 04 J02'f 0'8 Transfer i~rom Income Tip Principal ' 26.52 04/03/08 Transfer From Income To Principal. ', .658.54 05/02/08 Transfer From Income To Principal ' 19.3,0 05/05/08 Transfer Frort1 Income To Principal ' 66:3.4.4 06/03/08. Transfer From Income Tv Principal. '17.:30 06/04f08 Transfer From zncome To Principal.. 69.1.40 06/30./08 Transfer From Income ~'o Principal 32.22 07/02/08 Transfer From Income To Principal 15.60 07/03/08 Transfer From Inca To Principal 68.0.65 08/04/08, Transfer From Income To Principal ~' 12.34 08/05/08 Transfer From Income Tb Principal 676.7 11/18/08 Transfer From Income To Principal ' 42.23 01/22/:09 Transfer From Income To Principal ~ 377.10 01/30/09 Transfer From Income To Principal ', 2.6.1 02/03/09 Transfer From Income To Principal I' 3 64 FORWARD ', $ 37,076.41 - 50 - DTB8t1RBE1fS1TI8 OT INCODR l aoat~ ~ dl FcaRw~n 02/04/09 Transfer Fraaa Income Tia Principal 03/03/09 Transfer From Income To Principal 03/04/09 'Transfer From Tacoma To Principal 03/30/09 'Transfer From Income To Principal 03/31/09 Transfer Fro1p Income Tn Principal 04/01../09 Transfer From Income To Principal 04/02/09 Transfer From Income xo Principal 04/03/09 Transfer From Tncome TAD Principal 06./30/09 Transfer From Income Z'o Principal 0'7/01/0.9 Transfer Prom Income To Principal 07/02/0:9 Transfer From Income T+D Principal 07/03/09 Transfer From Income To Principal 01/06/10 Transfer From Income To Principal 07/07/10 Transfer From Income To Principal 02/10/10 Transfer From income To Principal 04/06/10 Trans#er From Income To Principal TOTAI, DISBDRSSMSNTS ~F INCOME $ 37,076.41 491...62.. 3.79 496'.4;1 2.31 243.91 ~~r.eo 3.49 534..;.49 132.19 48,50 _76 499.10 28.02 .19 32.26 394.72 $ 4A,02S.97 - 51 - a=s~at8ursc~ars o: ~arec~ To s~sar±~r n*~~ ~tuater C~rffie Barbara Z Oreten - Li€e Care Planner 08/28./08 $ 1,008.50 I Don Dunlap, ,7r - Pool Repairs 05/26/09 ' 790.00 ' Ford Motor Crean ~' 04/29/09 $ X469.94 11/20/09 459.1:6 '~ 12/2:1/09 469.36 O1J26/10 469.94 02/.7:&/10 469.94 44/2x/4 44.54 2,82x.78 Heckmars & Laudeman - Individual: Income Tax Preparation 06/04/07 $' 250..0:0 05/03/10 225.00 475.00 ', Keystone Pools -Solar Blanket 05/08/09 89..03 PA Department. of Revenue Individual Income Tax Payments 04/13/07 $ 540.00 09./10/07 140.00 01/09/08 14.0.00 '' 03/24/08 23 ?6 $43.76 School Specialty Inc - Payment FBO' Shannon Griffis 07/20/07 159,.'99 Shannon Gri€€ie -Reimbursement Fos Expenses For Hunter Grf€eAs Behalf 06/26/Ob $ 1,000.00 ', 07/26/06 1,000.00 08/25/06 5.00.0.0 09/13/06 20.0.00 01/10/07 L60.00 12/14/09 250.00 05/19/10 1,427.82 06/02/10 95.00 4,632.82 FQRWARD $ 10,8.31.88 __ _ _ _ __ - 52 - - - DisTlusZrrtaRZs 08 =r1C'0~ Tb ~ ~rrr~r~-r~T.r (aoatFd) P'ORWARU $ 1D, 831.8'8 Hunter.Griffi tc~t'dT Shipley Bnergy Aesis~ance 42/16/14 $ 431.23 04/22/lU 249.95 05/19/10 _ 00.00 1,281.18 Sgman~s Furniture Sales - ;Bedroom Furn'iture' For Hunter 03/22/06. 1,11{1.88. Stephanie Ann Martin - Bab3rsi.ttag 06/19/0:9 $ 100.00 08/04/U:9 100.00 os/o~/4s 100.00 08/14/09 10,0.0.0 08/2.],/0.9 100.0:0 500.40 United states Treasury Individual Income Tax Payments 04/13/07 $ 2,161.00 09/I0/Q7 600.00 01/09/08 600.00 3,361..00 Washing Full'Blanst Pressure Waehn~ For 423 .Pine C#rove RD Gardners 04/22/10 TOTAL DISTRIBUTIONS OF INCGME TO BENEFICIARIES ~' _~ - 53 - ,, . ICONS ON 8~ CASH (AUTOI~iTICALLY INV$ST®) TOTAL INCOMB BALRNCB ON HAND SOVEREIGN BANK ~ ~~ ~~~ BY: Barbara Kannheiser, SVP July 20, 2010 FIDUCIARY' VALUfd AT ACQUISITI 06/30/2010 $ 221.73 $ 221~1~.73 ~-~ $ 221.73 $ 221~~L 73 asss=a=ceaaaaassss aCO:sa.asaas¢xso~a~ - 54 - Court of Common Pleas of Cumberland Cou~.ty, PA Orphans' Court Division File No. HUNTER GRIFFIE SPECIAL NEEDS TRUST Verification Sovereign Bank, N.A., hereby declazes under oath that it has fully and faithfully dischazged the duties of its office; that the foregoing Account is true and correct and fiilly.discloses all significant trans ct~ons occurring during the accounting period; that all known claims against the Trust have been paid in full; that, to its knowledge, there aze no claims now outstanding against the Trust; and that all taxes present y due from the Trust have been paid. This statement is made subject to penalties of 18 Pa. C.S.A. Section 4904 relating to unswoi}n falsification to authorities. SOVEREIGN BANK ~I! ~' BY: Barbaza Kannheiser, SVP Dated: July 20, 2010