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HomeMy WebLinkAbout07-15-10REV-1500 EX (06-05) PA Department of Revenue Bureau of Individual Taxes PO BOX 280601 Harrisburg, PA 17128-0601 15056041158 OFFICIAL USE ONLY County Code Year File Number INHERITANCE TAX RETURN 10 CI 0 ], 0 4 RESIDENT DECEDENT ;~ ~ ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death 1,63-52-8097 1,21,1,2009 Decedent's Last Name Suffix FRAf1E (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's Social Security Number FILL IN APPROPRIATE BOXES BELOW 1. Original Return ^ 4. Limited Estate 6. Decedent Died Testate (Attach Copy of Will) ^ 9. Litigation Proceeds Received Date of Birth 1, 7, 2 01, 91, 4 Decedent's First Name M I ERNESTINE H Spouse's First Name M I THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS ^ 2. Supplemental Return ^ 4a. Future Interest Compromise (date of a 7. death after 12-12-82) Decedent Maintained a Living Trust ^ 10. (Attach Copy of Trust) Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) ^ 3. Remainder Return (date of death prior to 12-13-82) ^ 5. Federal Estate Tax. Return Required ~ 8. Total Number of Safe Deposit Boxes ^ 11. Election to tax under Sec. 9113(A) (Attach Sch. O) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number rv STANLEY A • SMITH, ESQUIRE 71,7-233-5~~~ ~ y .~.~, Firm Name (If Applicable) ,~_© ~ - REGISTER OF~^ m SE O~ ~ ~- ~~~ RHOADS ~ SINON LLP ,~~ ,~--^-y fi~ ~- y ~J ..~ \ ..d. ..~ f First line of address ' ~"; ~, t__ ~ ~ c. .., ONE S • MARKET SQUARE --~ `~-~ ~ -~ ~~~ Second line of address 7~ ~ ' r7 N . , ..~ ~ ~ PO BOX 1,1,46 '`~` '' City or Post Office State ZIP Code DATE F-ICED HARRISBURG PA 1,7],08 Correspondent's a-mail address: S S M I T H a9 R H O A D S- S I N O N• C O M Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNATURE OF PERSO RE~~ONSIBLE FOR FILING TURN DATE: ADDRESS C/ORHOADS ~ SINON LLP, PO BOX 11,46 HARRISBURG, PA 171,08 SIGNATURE OF P AN REPR SE ATIVE DATE: ADDRESS ~ ^ ~ ~ RHOADS 8 NON LLP, PO BOX 1,1,46 HARRISBURG, PA 1,7108 PLEASE USE ORIGINAL FORM ONLY 1,5056041158 Side 1 6M4647 3.000 15056041158 C~~`.G/ t 15056042159 J REV-1500 EX Decedent's Social Security Number 1,63-52-8097 ~ecedent'sNarpe:FRAf1E ERNESTINE H RECAPITULATION 1. Real estate (Schedule A) 1. 0 • 0 0 2. Stocks and Bonds (Schedule B) . 2. 1, 3 4 4 6 • 0 0 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) . 3. Q . Q Q 4. Mortgages & Notes Receivable (Schedule D). 4. 0 • 0 0 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) . 5. 71, 5 51, • 9 2 6. 7. Jointly Owned Property (Schedule F) ~ Separate Billing Requested Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) ~ Separate Billing Requested 6. 7. 1, 0 3 9 2. 8 4 7 5 0 4 4. 3 8 8. Total Gross Assets (total Lines 1-7). 8. 1, 7 0 4 3 5. 1, 4 9. Funeral Expenses & Administrative Costs (Schedule H) . 9. 2 0 4 8 8 • 0 5 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I). 10. 2 6 7 9 • 41, 11. Total Deductions (total Lines 9 & 10) . 11. 2 31, 6 7 - 4 6 12. Net Value of Estate (Line 8 minus Line 11) 12. ], 4 7 2 6 7 - 6 8 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) . 13. 0 • 0 0 14. Net Value Subject to Tax (Line 12 minus Line 13) 14. 1, 4 7 2 6 7. 6 8 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) X .0~ Q. Q Q 15. 0. 0 0 16. Amount of Line 14 taxable at linealratex.o~l5 1,47267.68 16. 6627.05 17. Amount of Line 14 taxable at sibling rate X .12 Q• Q Q 17. 0. 0 0 18. Amount of Line 14 taxable at collateral rate X .15 0. 0 0 18. 0. 0 0 19. TAX DUE 19. 6627.05 20. FILL IN THE BOX IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 15056042159 sMasaaz.ooo 150560421~i9 REV-1500 EX Page 3 Decedent's Comalete Address: File Number ~n l,n nni,n4 DECEDENTS NAME FRA~1E ERNESTINE H _ STREET ADDRESS TH R T _ CUf1BERLAND CITY STATE ZIP CARLISLE - Tax Payments and Credits: 1 . Tax Due (Page 2 Line 19) (1) 2. Credits/Payments A. Spousal Poverty Credit 0 • 0 0 B. Prior Payments 5 9 0 0.0 0 C. Discount 3 1, 0 • 5 3 6627.05 Total Credits (A + B + C) (2) 6 21, 0. 5 3 3. Interest/Penalty if applicable D. Interest 0 . 0 0 E. Penalty D • 0 0 Total Interest/Penatty (D + E) (3) 0 0 0 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in box on Page 2, Line 20 to request a refund. (4) 0 • 0 0 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 41, 6 - 52 A. Enter the interest on the tax due. (5A) 0 • 0 0 B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) 41, 6 • 5 2 Make Check Payable to: REGISTER OFWILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred; X^ ^~ b. retain the right to designate who shall use the property transferred or its income; ~ ^~ c. retain a reversionary interest; or . ^ ~~ d. receive the promise for life of either payments, benefits or care? ^ ~~ 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? . ^ X ~~ 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? ^ ~~ 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ^ ~~ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE R AS FART OF THE RETURN. For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent [72 P.S. §9116 (a) (1.1) (ii)). The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5} percent, except as noted in 72 P.S. §9116(1.2) [72 P.S. §9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1 .3)]. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. 6M4671 1.000 REV-1503 EX + (6-98) SCHEDULE B COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Ernestine H. Frame 20 10 00104 All property jointly-owned with right of survivorship must be disclosed on Schedule F. VALUE AT DATE ITEM DESCRIPTION OF DEATH NUMBER 1. 4 0 0 Shares Verizon Communications, Inc. CUSIP: 077853109 13,446.00 TOTAL (Also enter on line 2, Recapitulation) I $ 13 , 44 6 . 0 0 3wasss i.ooo (If more space is needed, insert additional sheets of the same size) REV-1508 EX + (8-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF FILE NUMBER Ernestine H. Frame 20 10 00:104 Include the proceeds of litigation and the date the proceeds were received by the estate. 3W46AD 1.000 (If more space is needed, insert additional sheets of the same size) REV-1509 EX+ (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDEM ESTATE OF SCHEDULE F JOINTLY-OWNED PROPERTY FILE NUMBER Ernestine H. Frame 20 10 00104 If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. SURVNING JOINT TENANT(S) NAME ADDRESS A Green, Carol Frame JOINTLY-0WNED PROPERTY: RELATIONSHIP TO DECEDENT 615 W. South Street, Carlisle, PA 17013 Daughter ~~ NUMBER LETTER FOR JOIN TENANT DATE MADE JOINT DESCRIPTION OF PROPERTY INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST DATE OF DEATH VALUE OF DECEDENTS INTEREST 1 A 8/11/2008 M&T Savings Acct. #15004220532590 (This acct. contains proceeds of joint CD acct. opened on 08/11/2008) 20,781.33 50.0000 10,390.67 Interest accrued to 12/11/2009 4.33 50.0000 2.17 TOTAL~AIso enter on line 6 Recar~itulation) I ~ 10 , 3 92.84 (If more space is needed, insert additional sheets of the same size) 3W46AE 1.000 REV-1510 EX+(6-98) SCHEDULE G COMMONWEALTH OF PENNSYLVANIA INTER-VIVOS TRANSFERS & INHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Ernestine H. Frame 20 1000104 This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM NUMBS DESCRIP1lON OF PROPERTY INCUAE TFE NOME OF TFE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND TFE DATE OF TRANSFER. ATTACHACOPY OF THE DEED FOR REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST EXCLUSION IF APPLICABLE TAXABLE VALUE 1• 12/7/2009 - Gift of cash to decedent's daughter, Carol Green 4,000.00 100.0000 3,000.00 1,000.00 2 12/7/2009 - Gift of cash to decedent's son-in-law, Thomas Green 4,000.00 100.0000 3,000.00 1,000.00 3 The John W. Frame and Ernestine H. Frame Revocable Trust under agreement dated May 12, 1986, as amended. Beneficiaries: Decedent's daughter, Carol Frame Green, and decedent's grandson, Jeffrey Green. 73,044.38 100.0000 0.00 73,044.38 See attached valuation and copies of Trust Agreement and Amendments. 4 See Attachment relating to real • property 635 Wilson Street, Carlisle, PA. TOTAL (Also enter on line 7, Recapitulation) I $ 75, 044.38 (If more space is needed, insert additional sheets of the same size) 3 W 46AF 1.000 REV-1511 EX+(10-06) SCHEDULE H COMMONWEALTH OF PENNSYLVANIA FUNERAL EXPENSES & INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER Ernestine H. Frame 20 1000104 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: ~ Sunnyside Restaurant, family lunch after funeral 261.43 2 Rillos, funeral reception 1,176.50 Total from continuation schedules ~ 9,610.36 B. 1 ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Street Address City State Zip 2. Attorney Fees 8 5 0 0. 0 0 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address 4. 5. 6. 7. 1 2 Year(s) Commission Paid: City State Zip Relationship of Claimant to Decedent Probate Fees Accountant's Fees Tax Return Preparer's Fees The Sentinel, advertisement of Letters Testamentary Cumberland Law Journal, advertisement of Letters Testamentary Total from continuation schedules . 278.50 251.26 75.00 335.00 TOTAL (Also enter on line 9 Recapitulation) ~$ 2 0, 4 8 8. 0 5 7W46AG 1.000 (If more space is needed, insert additional sheets of the same size) Estate of: Ernestine H. Frame Schedule H Part 1 (Page 2) Item No. Description 3 George's Flowers, funeral flowers 4 Pastor Brophy, honorarium 5 Joan Boytim, musician 6 Dr. Ralph Kneeream, musician 7 Hoffman-Roth Funeral Home, funeral and burial expenses 20 10 00104 Amount 26.50 250.00 125.00 125.00 9,083.86 Total (Carry forward to main schedule) 9,610.36 Estate of: Ernestine H. Frame Schedule H Part 7 (Page 2) 3 Rhoads & Sinon LLP Reimbursement for out-of-pocket expenses 4 Crystal Hackett, preparation of 2009 Federal and PA Income tax returns 20 10 00104 250.00 85.00 Total (Carry forward to main schedule) 335.00 REV-1512 EX + (12-08) pennsylvania SCHEDULE DEPARTMENTOF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES & LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER Ernestine H. Frame 20 10 00104 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed rriedical expenses. awasAH 2.00o If more space is needed, insert additional sheets of the same size. REV-1513 EX+ (11-08) pennsylvania DEPARIMENTOF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF FILE NUMBER Ernestine H. Frame 20 10 00104 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 2116 (a) (1.2).] 1. Thomas Green 615 West South Street Carlisle, PA 17013 12/7/2009 - Gift of cash to decedent's son-in-law, Thomas Green Inventory Value: 1,000.00 Son-in-law 1,000.00 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 1 8 OF REV-1500 COVER SHEET, AS APP ROPRIATE. ~~ NON-TAXABLE DISTRIBUTIONS: A SPOUSAL DISTRIBUTIONS UNDER SECTION 2113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $ 0 . 0 0 It more space is needed, insert additional sheets of the same size. SW46A1 2.000 Estate of: Ernestine H. Frame Schedule J Part 1 (Page 2) Item No. Description 2 Jeffrey Green The John W. Frame and Ernestine H. Frame Revocable Trust under agreement dated May 12, 1986, as amended. Beneficiaries: Decedent's daughter, Carol Frame Green, and decedent's grandson, Jeffrey Green. Inventory Value: 24,348.18 3 Carol Frame Green 615 W. South Street Carlisle, PA 17013 12/7/2009 - Gift of cash to decedent's daughter, Carol Green Inventory Value: 1,000.00 M&T Savings Acct. #15004220532590 (This acct. contains proceeds of joint CD acct. opened on 08/11/2008) Inventory Value: 10,390.67 Accrued: 2.16 The John W. Frame and Ernestine H. Frame Revocable Trust under agreement dated May 12, 1986, as amended. Beneficiaries: Decedent's daughter, Carol Frame Green, and decedent's grandson, Jeffrey Green. Inventory Value: 48,696.20 Relation Grandson 20 10 00104 Amount 24,348.18 All of Residue: 61,830.46 Daughter 121,919.50 LAST WILL AND TESTAMENT xa. m~ ~ tom. aY+ ~ ~s ~» ~ re ~ ~~ ATTORNEYS AT LAW i. LASS" G1IL:L AT]D TE4T~T~~ENT OF ER~~ESTI_~TE ~i . FP.AI~lE I, ERr~ESTIT~3F H. FRAPt~E, of the Borough of Carl.LSle, Ctir^~berlar_d County, Pennsylvania, being of sound and disposing mind and memory, do make, publish and declare this to be my Last Wi11 ar_d Testament, hereby revoking all Z?i lls and Codicils by me at any tine previously made. ITEM I: All inheritance, estate and similar taxes becoming due by reason of my death, except any taxes relating. to generation skipping transfers imposed unc?er Criapter 1~ of Subtitle B of the Internal Revenue Code, a.s amended, ("Death Taxes") , whether such Death Taxes shall. be payable blr m`T estate or by an1r recipient of any property, shall be paid by my Executor out of the property passing under ITEM IV of this Will. as an expense and cost of acministration of my estate, except to tre extent any Death Taxes are paid b~,r the Trustee of the "~orin Vd. Frame and Ernestir_e H. Frame Revocable Trust" created by a trust agreement dated the same date as this V~ill among myself and. P~1y Husband, Grantors, and Dauphin Deposit Bank and Trust Company, as Trustee.' Ply Executor shall have no duty or obligation to obtain reimbursement for any Death Taxes paid by my Executor, even though paid with respect to proceeds of insurance or other property not passing under this G+?? 11. Page 1 of 6 pages ~ ~ I'-!'F~~ II ; I here~;1, E~rFrcise al1_ powers of appointment which I may have at the time of my death in favor_ of my Executor, ar_d all property subject tc~ all such pawer:7 of appointment shall be ir_cluded ir. my estate and be governed b~~ the pr~ovisicr:s of this ~~~ill; provided, however, that I specifically decline to e~Tercise any power of appointment gi tiers to me in any y~i 11, Codicil, Pgreerner~t of Trust or other instrument e~;ecuted by my husband, JOHN 4`l. FR.A~IE ("My Husband°') . ITEM III: I give and bequeath all of my household furniture and furnishings, automobiles, books,, pictures, jewelry, china, crystal, appliances, silverwaz-e, wearing apparel and all other like articles of householc~ or personal use or adornment to my daughter, C~iPOL FRAME GFLEEI~, if she survives me. If she does not survi~%e me, I give such articles to my issue liv~.ng at my death, per stirpes, ir.~ as nearly equal shares as they select under th.e supervisior.~ of m~T Executor. For purposes of the foregoing, I acknowledge that I have previously given substantially all of m_y tangible personal property to my daughter. ITEM IV: I give, devise anti bequeath all the rest and residue cf my property; real, personal and mixed, r_ot disposed of in the preceding portions of this Flill, to C~RGL FRAT~IE GR.EEr~1, if she suL ~Tives me; or ~.f she does not survive m.e , to my is suE liv i ner at m_y death , per stirpes . T_ f none of my issue survive me, I give such property in equal shares to the Page ?_ of_ 6 pages ,a then living members of the group consisting of LINWOOD NIEAI~,~S, my ~~ brother, EMERSON MEAL S, my brother, LORRAINE MORRETT, m ~~ Y niece, ~ and WILMA ZUGAY, my niece. ~~ .~1 +~ ITEM V: No interest in income or principal of my estate shall be subject to attachment, levy or seizure by any creditor, spouse, assignee or trustee or receiver in bankruptcy of any beneficiary of my estate prior to the beneficiary's actual receipt thereof:. My Executor shall. pay over the net income and the principal to the beneficiaries herein designated, as their interests may appear, without regard to any attempted anticipation (except as may be specifically provided herein) , pledging or assignment by any benef iciary of my estate and without regard to any claim thereto or attempted levy, attachment, seizure or other process against said beneficiary. ITEM VI: Any person, who shall have died at the same time as I or under such circumstances that it is difficult or impossible to determine who shall have died first, shall be deemed to have predeceased me. Any person other than me who shall have died at the same time as any then beneficiary of income of my estate or under such circumstances that it is difficult or impossible to determine who shall have died f first, shall be deemed to have predeceased such beneficiary. ITEM VII: In the settlement of my estate, my Executor shall possess, among others, the following powers to Page 3 of 6 pages ~. ~ e _„ . __._ ., . ;. .: t .~..~, _ ._. ~. __~ _ ,- ,,°. mow, - - _. _, _ be exercised for the best interests of the beneficiaries: (a) To retain any investments I may have at my death so long as my Executor may deem it advisable to my estate so to do. {b) To vary investments, when deemed desirable by my Executor, and to invest in such bonds, stocks, notes, real estate mortgages or other securities or in such other real or personal property as my Executor shall deem wise, without being restricted to so-called "legal investments." (c) In order to effect a division of the principal of my estate or for any other purpose, including any final distribution of my estate, my Executor is authorized to make said divisions or distributions of the personalty and realty partly or wholly in kind. If such division or distribution is made in kind, said assets shall be divided or distributed at their respective values on the date or dates of their division or distribution. In making any division or distribution in kind, my Executor sha1.1 divide or distribute said assets in a manner which will fairly allocate any unrealized appreciation among 'the beneficiaries. {d) To sell either at public or private sale and upon such terms and conditions as my Executor may deem advantageous to my estate, any or all real or personal estate or interest therein owned by my estate severally or in conjunction with other persons or acquired a:Eter my death by my Executor, and to consummate said sa:l.e or sales by sufficient deeds or other instruments to ithe purchaser or purchasers, conveying a fee simple tii:le, free and clear of all trust and without obligation or liability of the purchaser or purchasers to see to the application of the purchase money or to make inquiry into the validity of said sale or sales; also, to rnake, execute, acknowledge and deliver any and all deeds, assignments, options or other writings which may be necessary or desirable in carrying out any of the powers conferred upon my Executor in this paragraph or elsewhere in this Will. (e) To mortgage real estate and to make leasE:s of real estate for any term. (f) To borrow money from any party, including my Executor, to pay indebtedness of mine or of my estate, expenses of administration, Death Taxes or other taxes. (g) To pay all costs, Death Taxes or other taxes, expenses and charges in connection with the administra- Page 4 of 6 pages ~ f-;~". ~~ ~ ~ ~- ~ ~ ~~ tion of my estate, a~~ :r.~~; ExE-~cutor shall pay the expenses of my last ill::less sand funeral expenses . {h) To vote an~~ s:~lares of stock which form a part of my estate and to ~thh~r~wise exercise all the po~~,~ers incident to the ownersh.~p of such stock and to ac=~ively manage and operate any unincorporated business, including any joint ~rentures and partnerships, with all the rights and powers of any owner thereof. (i) In the discretion of my Executor to uni~~e with any other owners of similar property in carrying out any plans for this reorganization of any corporation or company whose securities form a part of my estate. (j) To assign to a.nd hold in my estate an undivided portion of any asset. (k) To hold investments in the name of a nominee. (1) To compromise controversies. ITEM VIII: If at any time any minor shall be entitled to receive any assets free of trust by reason of my death, whether payable hereunder, by operation of law or otherwise, I appoint DAUPHIN DEPOSIT BANK AND TRUST COl!~PANY, Harrisburg, Pennsylvania, as Guardian of such assets authorized by law payable to such minor. The Guardian may receive, administer and shall have full authority to use such assets, both principal and income, in an.y manner the Guardian shall deem advisable for the best i r_terests of the minor, including college, university, graduate or other. education, without securing a court order. The Guardian shall have all the rights and privileges in its capacity as Guardian as are herein granted to my Executor as to my estate. Page 5 of 6 pages d ~.. ~' `'s, e ITEM IX: I hereby appoint My Husband as Executer of this Will. If for any reason he should fail. or cease to act, I appoint DAUPHIN DEPOSIT BANK AND TRUST COMPANY, Harrisburg, Pennsylvania, as Executor. ITEM X: Any Guardian or Executor shall qualify and serve without the duty or obligation of f ili.ng any bond or other security. Any corporate fiduciary shall be entitled to compensation for services in accordance with. the standard schedule of fees in effect when the services are rendered. IN WITNESS WHEREOF, I have set my hand and seal to this, my Last Will and Testament, consisting of this and. the preceding five (5) pages, this ;/~~day of ~1~.~.-G , 1986. ~~2 f ,: J = /~~~Z~s~~.~.~ - (SEAL ) Ernestine H. Frame We, the undersigned, hereby certify that the foregoing Will was signed, sealed, published and declared by the a.bove- named Testatrix as and for rer Last Will and Testament, in the presence of us, who, at her request and in her presence and in the presence of each other, have hereunto set our hands and seals the day and year above written, and we certify that at the time of the execution thereof, the said Testatrix was of sound and d' posing mimes nd memory. ~~ ~ ' _ .~ -- -~ ,~, _ ~ , r (SEAL) Residing at : ~~.. ~ ._. - ~ f, :~,,~c--~~~ ,~ ~ :~~"J~, :, ~-~~-~-~+.. (SEAL ) ;~ v ti .~ ,, (SEAL) Page 6 of 6 pages P,e s id i ng a t : ~(~{ j ~ v "~ ,3 ~=~c-( ti ~- `J Residing at: .33 (~,~~~~, ~~ r ~~ ~ > AGREEMENT OF TRUST AND AMENDMENTS ` BJG/DSWK7/5--12--8 `~"~.s --~ 4 _ ~ 3 REVOCABLE JOINT AGREEAZENT OF TRUST "The John W. Frame and Ernestine H. Frame Revocable Trust" THIS REVOCABLE JOINT AGREEb~IENT OF TRUST is made and entered into this I~~' day of ~1'1~~y 1986 , by and among JOHN W. FRAME and ERNE.STINE ~H. FRAME, both of the Borough of Carlisle, Cumberland County, Pennsylvania thereinafter called the "Grantors" } , and DAUP~IIN DEPOSIT BANK AND TRUST CO1!~PANY, a Pennsylvania banking corporation with its principal office located in Harrisburg, Dauphin County, Pennsylvania, as Trustee (hereinafter called the "Trustee-" } . WITNE,SSETH: WHEREAS, John Try. Frame and Dauphin Deposit Trust Company {predecessor to Dauphin Deposit Bank and Trust Company} entered into an Agreement of Trust dated November 24, 1976; and WHEREAS, John W. Frame and the Trustee subsequently amended the terms and provisions of the aforesaid Agreement of Trust by entering into an Amended and Restated Agreement of Trust dated November 3, 1982; WHEREAS, John t~. Frame desires to amend the Agreement of Trust dated November 2 4 , 1.97 6 , a s amended, by cre~atinct a e _ ~ t _ ~ revocable joint agreement of trust with his wife, Ernestine H. Frame. WHEREAS, John W. Frame desires to create the aforesaid revocable joint agreement of trust without the necessity of the Trustee transferring the trust assets to John W. Frame; John W. Frame transferring the assets into the names of John W. Frame and Ernestine H, Frame,. as tenants by the entireties; and John T~. Frame and Ernestine H. Frame transferring the assets to the Trustee. WHEREAS, it is the intention of the parties ghat this trust shall be construed--with the same force and effect as if the transfers set forth in the preceding paragraph had been :made and the Grantors had contributed to the trust, as tenants by the entireties, the assets presently held by the Trustee. WHEREAS, the Grantors wish to amend and restate, in its entirety, the Agreement of Trust dated November 24, 1.975, as amended on November 3, 1982, but not to terminate said trust, on the terms hereinafter provided. NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, it is agreed by and among the parties hereto as follows: 2 _ AP,TICLE I Trust Assets For purposes of this Agreement, the trust assets presently held by the Trustee under the terms and provisions of. an Agreement of Trust dated November 24, 1976 between the Trustee and John W. Frame, as amended on November 3, 1382, ,;hall be deemed to -have been distributed to John ti~T. Frame. In turn, John W. Frame shall be deemed to have transferred the aforesaid trust assets to John W. Frame and Ernestine H. Frame, as tenants by the entireties. Pursuant to this Agreement, John W. Frame and Ernestine H. Frame, as the owners of the trust assets., hereby absolutely and irrevocably transfer and assign to the Trustee all of the Grantors' right, title and interest, in and to the assets listed on Schedule "A", attached hereto and by this reference made a part hereof . The Grantors, or any other party or person, may from time to time transfer other assets to the Trustee, subject to the terms of this Agreement by inter vivos grant or by kill. The trust assets, which shall include the assets listed on Schedule "A" and all such other later-added assets (<~.I1 such assets are herein collectively refe rre d to as the "Trust Assets"}, shall be held, administered, distributed and governed by the Trustee, IN TRUST NEVERTHELESS, in accordance with the provisons of this instrument. 3 r _f' i ~~ ARTICLE SI Until the Death of the Survivor of the Grantors The Trustee shall have, hold, manage, invest and reinvest the Trust Assets, collect the income, and until the death of the survivor of the Grantors (a) Shall pay over the net income in quarterly installments to or for the benefit of the Grantors jointly during their lifetimes; and, upon the death of - the first to die, shall pay all of the net income in quarterly installments to or for the benefit of the surviving Grantor for his or her lifetime. (b} Shall pay such portions of the principal as, in the sole discretion of the Trustee, may be necessary for the maintenance and support, including the medical, hospital, nursing or nursing home care, of either Grantor, taking into consideration any other means readily available for such purposes. (c) Shall pay such portions or all. of the principal of the Trust Assets as follows: (i) irThile both Grantors are alive, to either Grantor as the Grantors may from time to time mutually request in a writing signed by both of. the Grantors . t_ l© _._i~' { ii ) After the death of Ernes tine ~i . Frame if John W. Frame is living, to John '~. Frame as he may from time to time request in writing. {d) Shall pay an amount not to exceed Fifty Thousand Dollars ($50,000.00), as determined on a cumulative basis, from the principal of the Tz•ust Assets after the death of John W. Frame if Ernestine H. Frame is living, to Ernestine H. Frame as she may from time to time request in writing. -.-E- ARTICLE IZI Upon the Death of the Survivor of the Grantors (a) If, upon the death of the survivor of the Grantors, Carol F. Green, daughter of the Grantors, is living, then the Trustee shall distribute any undistributed income of the trust to the surviving Grantor's estate and shall rei~ain the remaining Trust Assets, IPA TRUST NEVERTHELESS, and shall continue to h-old, manage, invest and reinvest the remaining Trust Assets, collect the income, and until the death of Carol F. Green shall pay over the net income in quarterly installments, i.n equal shares, to or for the benefit of Carol F. Green and Jeffrey T. Green, grandson of the Grantors, as long as Carol F. careen is living. In the event that Jeffrey T. Green should predecease 5 t _r'6# i _ f' Carol F. Green, all of said income shall, from the date of his death, be paid to Carol F. Green until her death. (b) Tf, upon the death of the survivor of the Grantors, Carol F. Green is not living, or upon her death if she survives the Grantors, the Trustee shall distribute any undistributed income. of the trust to the estate of the survivor of said three. persons and shall distribute the remaining principal of this Trust to the issue of the Grantors, per stirpes, living at the death of the survivor of the Grantors and Carol F. Green; provided, however, that shall ar_y such issue not then have attained the age of twenty--seven years, each such issue`s share -shall be retained by~ the Trustee, IN TRt3ST NEVERTHELESS, as a separate trust estate to be held for the benefit of such issue in accordance with the provisions of ARTICLE V hereof ( "Minor Beneficiary' s Trust" ) If no .issue of th-e G-rantors are living upon the death of the survivox~ of the Grantors and Carol F. Green, then the remaining principal of t his Trust shall be distributed to the then living members of the ~~--~~,, C~ f ~ `~/ ~ group consisting of Linwood Meal (brother of Ernestine H. Frame) , Emerson Meals (brother of Ernestine H. Frame) , Lorra ~~ ine t r~Iorrett (niece of Ernestine H. Frame) and Wilma Zugay (niece of ~~l Ernestine H. Frame) . - 6 - i _ ~~ ARTICLE IV i _ _i~ Minor Beneficiary's Trust The Trustee shall have, hold, manage, invest and reinvest the assets of each Minor Beneficiary's Trust, collect the income and (a) Until the beneficiary of the Minor Beneficiary's Trust {the "Beneficiary") shall have attained the age of twenty-seven years, the Trustee shall from time to time pay to or for the benefit of the Beneficiary such amounts of the net income and principal of the trust as, in the sole discretion of the Trustee, may be necessary for the Benef iciary's maintenance, support, medical and nursing care and education including college and graduate education, taking into consideration any other means readily available for such purposes.. ~ At the end of each year any unexpended income shall be added to the principal of the trust. (b) After the Beneficiary shall have attained the age of twenty-seven years, the Trustee shall distribute the then remaining principa3. and any undistributed income of the trust outright to the Beneficiary; or, if the Beneficiary shall have died before attaining ghat age, the Trustee shall distribute such assets to the 7 ~ !mil 1. Beneficiary's issue living at the death of said Beneficiary, per stirpes; or if the Beneficiary has no issue then living, to the issue of the Grantors then living, per stirpes. ARTICLE ~1 Contingent QTIP Election If the Executor of either of the Grantors' estates elects on th-e federal estate tax return prepared on- b+~half of such Grantor's estate to have a portion or all of the Trust Assets treated as "qualified terminable interest property" in order to qualify such portion or all of the property for the federal estate tax martial deduction, such elected assets may,-~at the option of the Trustee, be held and maintained by the Trustee as a separate trust estate, so long as such division in no way jeopardizes the federal estate tax marital deduction and provided, always, that such separate trust estate is held, administered and disposed of in accordance ~,~ith the provisions of this trust. Only property which is fully eligible for the marital deduction for federal estate tax purposes shall be assigned to the portion of the trust qualified for the federal estate tax marital deduction. Notwithstanding anything to the contrary contained herein, the surviving Grantor shall :have the power to require the Trustee to convert or make productive any property which is an asset of any portion of the trust elected to _ g ~ ~ i__-ice qualify for the federal estate tax marital deduction and which at any time is or becomes unproductive, r r~rnr~r z+ ~~-r Intention to Qualify far I~larital Deduction It is the intention of the Grantors to conform to the provisions for the allowance of the marital deduction foz• federal estate tax purposes. The Grantors therefore direct i~hat any provisions of this Agreement notwithstanding, the powers granted herein to the Trustee shall be construed in accordance with said intention ar.d shall not be interpreted or exercised to disqualify, for federal estate tax rnari.tal deduction purposes, the passing of Trust Assets to or for the benefit of the surviving Grantor upon the death of the first Grantor to die. ARTICLE VII Spendthrift Provision No part of the income or principal of the property held under the trust created hereunder shall be subject to attachment, levy or seizure by any creditor, spouse, assignee or trustee or receiver in bankruptcy of any beneficiary prior to his; or her actual receipt thereof. The Trustee shall pay over the net income and/or the principal to the parties herein designated, as their interests may appear, without regard to any attempted anticipation, pledging or assignment by any beneficiary under the trusts created hereunder, and without regard to any claim thereto g i ~ ~._ or attempted levy, attachment, seizure or other process against said beneficiary . ARTICLE VIII Powers and Restrictions of Trustee The Trustee shall possess, among others, the following powers, both as to principal and income, to be exercised for the best interests of the- beneficiaries, and shall be restricted in exercising its duties hereunder, as follows: ta} To retain any investments so long as Tru~;tee may deem it advisab).e so to do. fib} To vary investments, when deemed desirable: by Trustee, and to invest in such bonds, stocks, notes, real. estate mortgages or other securities or in such other real or personal property as the Trustee shall deem wise, without being restricted to so-called "legal investments. " tc} In ord-er to effect a division of the pr~.ncipal of the trust or for any other purpose , including any final distribution of the trust, Trustee is authorized to make said divisions or distributions of the personalty and realty partly or wholly in kind. Sf such division or distribution is made in kind, said assets are required to be divided or distributed at their respective values on the date or dates of their division or distribution. (d} To sell either at public or private sale and upon such terms and conditions as Trustee may deem advantageous to the trust, any or all real or personal estate or interest therein owned by the trust severally or in conjunction with other persons, a.nd to consummate said sale or sales by sufficient deeds or other instruments to the purchaser or purchasers., conveying a fee simple title, free and clear of all trust and without obligation or liability of the purchaser or purchasers to see to the application of the purchase money or to make inquiry into the validity of said sale or sales; also, to make, execute, acknowledge and deliver any and all deeds, assignments, options or other writings which may be necessary or desirable in - 10 - f _ r`-~ } itm carrying out a.ny of the powers conferred upon the Trustee in this paragraph or elsewhere in this instrument; provided, however, that the Trustee is expressly prohibited from making a sale or exchange: of trust principal or income with the Grantors for less than adequate consideration or from making a loan to Grantors without adequate security and adequate interest. (e} To mortgage real estate; provided, however, that this provision shall not apply to real estate which is an asset of any portion of the trust elec:t.ed to qualify fox the federal estate tax marital deduction; and to make leases of real estate. (f ) To borrow money f rom any party and to as ~;ign and pledge trust assets therefor; provided, however, that this provision shall not authorize bor-rowing from any portion of the trust elected to qualify for the federal estate tax marital deduction. (g) To pay all costs, taxes, expenses, and charges in conn~ectio~n with the administration of the trust; and, to pay, at the discretion of the Trustee, from the portion of the trust includable in the deceased Grantor' s federal gross estate, any inheritance, estate or similar tax becoming due by reason of such deceased Grantor' s death { "De:ath Taxes"); provided, however, that no such Death Taxes shall be paid from the assets of any portion of the trust qualified in such deceased Grantor's estate for the federal estate tax marital deduction. (h} To vote any shares of stock which form a part of the trust and to otherwise exercise all the powers incident to the ownership of such stock. {i} In the discretion of Trustee, to unite with other owners of similar property in carrying out any plans for the reorganization of any corporation or company whose securities form a part of the trust. (j} To assign to and hold in the trust an undivided portion of any asset. AR~'ICLE IX Simultaneous Deaths If the Grantors shall have died at the same time or under such circumstances that it is difficult or impo s:~ible to -- 11 determine who shall have died first, Ernestine H. Frame sha~.l be deemed to have survived. Any ather person who shall have>_ died at the same time as a Grantor or under such circumstances that it is difficult or impossible to determine who shall have died first, shall be deemed to have predeceased the Grantor. Any person other. than a Grantor who shall have died at the same tir~ie as any ,. then recipient of income of a trust- created hereunder or under such circumstances that a.t is difficult or impossible to determine who died first., shall be deemed to have pr~:deceased such beneficiary. ARTICLE X Fiduciary Bond Any fiduciary acting hereunder shall. not be reg~uired to enter bond or other security in any jurisdiction in which said fiduciary may be called upon to act. ARTICLE XI Guardian Yf at any time any minor child shall be eligible to receive any income or assets hereunder, the Trustee hereunder shall act as Guardian of the funds payable to such child and shall have full authority to use .such funds in any manner it shall deem advisable for the best interests of such child. Said Guardian shall have the rights and privileges as to the 12 - ~ ~ ~ ~ Guardianship and its assets as are herein granted to thy: Trustee as to the trust and the assets therein. ARTICLE XII Situs of Trust Cumberland County, Pennsylvania, is hexeby designated as the situs of the trust herein created, and all cluestions pertaining to the validity and construction of this Revocable Joint Agreement of Trust or the administration hereunder shall be determined in accordance with the laws of Pennsylvania regardless of the jurisdiction in which this trust may at any time be administered. ARTICLE XIII Revocability t~Thile both Grantors are living, this trust :hall b.e revocable only by the mutual agreement of the Grantors as evidenced by a writing signed by both of the Grantors. Upon the death of the first Grantor to die, this trust shall be irrevocable and not subject to any amendment or alteration. ARTICLE KIV Attorneys for Trust The law firm of Rhoads & Sinon shall be employed~as the attorneys for any trust created hereunder. - 13 -- ! F~ i - I~ SN WITNESS WHEREOF, the Grantors have hereunto set their hands and seals and the Trustee has caused this instrument to be duly executed, all on the day and year first above written. WITNESS: GRANTORS: ~ . r /'~~~~ - ` (SEAL) J hn W. Frame ' ~ ~ _ ~ ~y'~ ~i~LA--~e.:e- . (SEAL ) Ernestine H. Frame ATTEST : T~2USTEE : DAUPHIN DEPOSIT BANK AND TRUST C Or~~PANY (Asst. } Secretary /A~~~- (Vice} President (sFAL) ~~ + ~ i ~ SCHEDULE A 200 shares Ameritech 40 0 shares Bell Atlantic Corp . 400 shares Biomet, Inc. 300 shares Carolina Power & Light Co. 300 shares Dauphin Deposit Corp. 200 shares Exxon Corp. 300 shares Questar Corp. 300 shares United Telecommunications, Inc. 300 shares Universal Foods Corp. 3,245 units Fixed Income Collective Investment fund 20,729 units Municipal Bond Fund Sales Agreement -- 2207 Old Gettysburg Road, Lowy=r Allen Township $700 Temp Funds Municipal Fund $61.66 Cash WITNESS: n ~' ~~ ATTEST: !~ (Asst. ) Secretary GRANTORS ~~ ~ I :. ~~ EA (S L) ~~7o n W. Frame ~~~ ~ ~ ..ter ,~~ . ~ ~4 ~~ `~ I ~~.tc..~.< ~ ~ ~ SEAL y ,~ Ernestine H, Frame TRUSTEE: DAUPHIN DEPOSIT BANK AND 'RUST COMPANY t, s,j (Vice) President (SEAL) COMMOIV~~'EALTH OF PEPINSYLVANIA } } SS: COUNTY OF -~ ~ ~ } r- 1 !~ On this, the ~~~~' day of ,~__, 1986, before me, a notary public, the undersigned officer, personally appeared JOHN W. FRAME and ERNESTINE H. FRAME, known to me {or satisfactorily proven} to be the persons whose name are subscribed to the within instrument, and acknowledged ghat they executed the same for the purposes therein contained. IN WITNESS WI3EREOF, I have hereunto set my hand and official seal. _ ~~ ~ ~- J Notary Pu is My Commission Expires: (SEAL) NANC1' ~.E f=1 ~`~1lCH 1'~1o;ary .~;,1V~i4 Harrisbl:r~, %G;~;:i~iir~ i:ot;nty My C;3i`T11i',ia~~?at'! Ex;~ires Oci. 3, 1987 s . - ~r r~ COMMONWEALTH OF PEA1•NSYLVANIA ) ....._. ~ } S,S COUNTY OF On this, the /~ day of , l 9 86 , before me, a notary public, the undersigned officer, personally appeared who acknowledged himself to be the /.+1~ J~iG //~.P ,~~~~~~ of DAUPHIN DEPOSIT BANK AND TRUST COMANY, a banking corporation, and that he ass such being authorized to do so, executed the above instrument by signing the name of the corporation by himself as _ /~`1~~~~ ~~~ :~~~ IN WITNESS WHEREOF, I have hereunto set my hand and official seal. N ublic My Commission Expires: =SEAL) ~iARI' A~~°d A"dDr^~$~,1 ~~OTn~Y PU$L!C n~yComrr~:ss:on Cx,^,rre, Clctaber 30, ~ggg Harrisburg, PA Daupl,irf Carrgty r, ,. 1 ~,~.. 4i _~_J... ~_ -..-_.-,._.. ~._.._. i ~ • \ ~~. AMENDMENT TO REVOCABLE JOINT AGREEMENT OF TRUST "The Jahn W. Frame and Ernestine H. Frame Revocable Trust" THIS AGREEMENT made this ~~ day of June, 1986, by and between John W. and Ernestine N. Frame, collectively hereinafter called "Frame", on the one hand, and, on the other, Dauphin Deposit Bank and Trust Company, hereinafter called "Trustee". WITNESSETH: WHEREAS, Frame and Trustee entered into an Agreement of 'Trust dated May 12, 1986; and WHEREAS, Frame desires to amend said Agreement of Trust ~of May 12, 1986, specifically Article III (a}, hereinafter set forth and as follows: The first eleven (11) lines of Article III (a} set forth on page 5 and the first two (2} lines on page 6 are hereby cancelled. In lieu thereof, the following provisions steal 1 apply: AMENDMENT AND RE-STATED ARTICLE III (a) Upon the Death of the Survivor of the Grantors (a } If, upon the death of the survivor of the Grantors, Carol F. Green, daughter of the Grantors, is living, then the Trustee shall distribute any undis- tributed income of the trust to the surviving Grantor's estate and shall retain 4 ! • ~ ~/ yr- the remaining Trust Assets, IN TRUST NEVERTIiELESS, and shall continue to hold, manage, invest and reinvest the remaining Trust Assets, collect the income, and until the death of Garol F. Green shall pay over fifty percent (50~) of the net income in quarterly installments, to ar for the benefit of Carol F. Green, as long as Carol F. Green is living. Of the remaining fifty percent (50~), equal shares shall be paid to or far the benefit of Jeffrey T. Green, Donna R. Green, and Deborah L. Green, grandchildren of the Grantors. In the event of the death of any of the grandchildren, that grandchild's share shall be poi d over to or for the benefit of Carol F, Green until her death. IN WITNESS WHEREOF, the Grantors have hereunto set their hands and seals and the Trustee has caused this instrument to be duly executed, all on the day and year first above written. GRANTOR ATTEST: ~~~ Asst.} Secretar~v" (SEAL) ~~ tSEAL} ohn W. Frame . ~- { SFAL } Ernestine H. Frame v TRUSTEE: DAUPHIN DEPOSIT BANK ANC) TRUST COMPANY ~'ss7; t vice ) President: 2 - a ' '~ ~ ` COMMONWEALTH OF PENNSYLVANIA } } 5S: COUNTY OF } On this, the ~~ day of .~ ~,~ 1986, before me, a notary public, the undersigeed offi cer~personal ly appeared JOHN W.. FRAME and ERNESTINE H. FRAME, known tv me {or satisfactorily proven) to ire the persons whose name are subscribed to the within instrument, and acknowledged that they executed the same for the purposes therein contained. IN ~JITNESS ~lHFREOF, I have hereunto set my ~~ ~ r Notary Publ i c My Commission (SEAL) hand and official seal. r expires ~f ~ '• ~ zGtfNTY !n~ ~~.;:a,;,,,,:~H i:,ir;. _- . - .~ 15, 1987 s,te,aber, f'.r.n~.lvdnia Associatioq of N~otarl$S ~ Y Bit i AMENDMENT TO REVOCABLE JOINT AGREEMENT OF TRUST "The John W. Frame and Ernestine H. Frame Revocable Trust" THIS AGREEMENT made this ~.1._._ day of February, 1987, by and between John W. and Ernestine H. Frame, collectively hereinafter called "Frame", on the one hand, and, on the other, Dauphin Deposit Bank and Trust Company, hereinafter called "Trustee". WITNESSETH: WHEREAS, Frame and Trustee entered into an Agreement of Trust dated May 12, 1986; and WHEREAS, Frame desires to cancel and re-state a certain amendment to Revocable Joint Agreement of Trust dated June 9, 1986; WHEREAS, Frame desires to amend said Agreement of Trust of May 12, 1986, as follows: (1) To add subparagraph {e} to ARTICLE II, page 5 therein. (e} Shall pay an amount not to exceed Fifty Thousand Dollars x$50,000.00}, as determined on a cumulative basis, from the principal of the Trust Assets after the death of the remaining survivor, ~to Carol Frame Green, if l i vi ng, as she may from time to time request i n writing. AMENDMENT AND RE--STATED ARTICLE IiI (a} Upon the Death of the Survivor of the Grantors (a) If, upon the death of the survivor of the Grantors, Carol F. Green, r~ daughter of the Grantors, is living, then the Trustee shall distribute any undis-- tributed income of the trust to the surviving Grantor's estate and shall retain the remaining Trust Assets, IN TRUST NEVERTHELESS, and shall continue to hold, manage, invest and reinvest the remaining Trust Assets, collect they income, and until the death of Carol F. Green shall pay over eighty percent {$Oi~} ofi the net income in quarterly installments, to or for the benefit of Carol F. Green, as long as Carol F. Green is living. The remaining twenty percent (20~) of the net income shall be paid to Jeffrey T. Green, grandson of the Grantors , i f 1 i vi ng, i n quarterly installments . In the event of the deat~t of Jeffrey T. Green, the twenty percent (20~} share of the net income shall be paid over to yr for the benefit of his issue, including adopted children, if any, if living; otherwise the twenty percent {24~} share of the net income shall be paid over to or for the benefit of Carol F. Green until her death. IN WITNESS WHEREOF, the Grantors have hereunto set their hands and seals and the Trustee has caused this instrument to be duly executed, all on the day and year first above written. r~-~-~ r. Asst. Secretary GRANTOR: _. 1} -,~ ~ SEAL} J W. Frame ~ ~ (SEAL } Ernestine H. Frame TRUSTEE: DAUPHIN DEPOSIT BANK AND TRUST COMPANY . Vice President (SEAL} -2- i. _ -. ~... ._ ._~_._ ___ _._ .. .~. ..--~.r- mar.-. -~___.~.. _ _..- _ __ __ .,. -..~ COMMONWEALTH OF PENNSYLVANIA } } SS: COUNTY OF } On this , the ~~~ day of 1987, before me, a notary public, the undersigned ofificer, personas y appeared ~]OHN W. FRAME and ERNESTINE N. FRAME, known to me (or satisfactorily proven} to be the persons whose name are subscribed to the within instrument, and acknowledged that they executed the same for the purposes therein contained. IN WITNESS WHEREOF, I have hereunto set my hand and offic.ias seal. ~~ Notary Pubsi~ My Commission expires: (SEAL) .. ._ . .~r. ... -- .._ :zr ~ i AMENDMENT TO REVOCABLE JOINT AGREEMENT OF TRUST "The John W. Frame and Ernestine H. Frame Revocable Trust" THIS AGREEME~iT made thi s ~~ day of Apri l 1990, by and between John W. and Ernestine H. Frame, collectively hereinafter called "Frame", on the one hand, and, on the other, Dauphin Deposit Bank and Trust Company, hereinafter called "Trustee". WITNESSETH: .1~HEREAS, Frame and Trustee entered into an Agreement of Trust dated May 12, 1986; and WHEREAS, Frame desires to cancel and re-state a certain amendment to Revocable Joint Agreement of Trust dated February 19, 1987; WHEREAS, Frame desires to amend said Agreement of Trust of May 12, 1986, as follows: ~1} To add subparagraph (e} to ARTICLE II, page 5 therein. (e} Shall pay an amount not to exceed Fifty Thousand Dollars ~$50,~00,00}, as determined on a cumulative basis, from the principal of the Trust Assets after the death of the remaining survivor, to Carol F tame Green, if living, as she may from time to time request in writing. .6 .. AMENDMENT AND RE-STATED ARTICLE III {a) Upon the Death of the Survivor of the Grant ors (a) If, upon the death of the survivor of the Grantors, Carol F. Green, daughter of the Grantors, i s 1 i vi ng, then the Trustee shal 1 d i stribute any undi s- tri bated income of the trust to the surviving Grantor's estate and steal 1 retai n the remaining Trust Assets, IN TRUST NEVERTHELESS, and shall continue to hold, manage, invest and reinvest the remaining Trust Assets, collect the income, and until the death of Carol F. Green shall .pay aver sixty-six and two-thirds percent {66--2/3%} of the net income in quarterly installments, to or for the benefit of Carol F. Green, as long as Carol F. Green is living. the remaining thirty -three and one-third percent {33-1.J3%} of the net income shalt be paid to Jeffrey T. Green, grandson of the Grantors, if living, in quarterly installments. In the event of the death of Jeffrey T. Green, the thirty-three and one-third percent (33-1/3%} share of the net irtcome shall be paid over to or for the benefit of his i ssue, including adopted chi lclren, i f any, i f living; otherwise the thirty-three and one-third percent {33-1/3%) share of the net income shall be paid over to or for the benefit of Carol F. Green until her death. IN WITNESS WHEREOF, the Grantors have hereunto set their hands and seals and the Trustee has caused this instrument to be duly executed, all on the-day and year first above written. _: --~- , j . .. ~ ~ ` ss ~ et ~ ary j {SEAL) . GRANT t--' AL } oh W. Frame ~:1._.L~,~ ~c<<G ~i`~- .;_ ~ ~~ ~•.-~- (SEAL } Ernestine H. Frame TRUSTEE: DAUPHLN DEPOSIT BANK BIND TRUST COMPANY By : /~ .,~~ ice rest en - 2 - ATTEST,: ' ,. p, a AMENDMENT TO REVOCABLE JOINT AGREEMENT OF TRUST "The John W . Frame and Ernestine H . Frame Revocable Trust" THIS AGREEMENT made this ~' day of November 1991., by and between John W. and Ernestine H. Frame, collectively hereinafter called = ~ - "Frame", on the one hand, and, on the other, Dauphin Deposit Bank and Trust Company, hereinafter called "Trustee" . WITNESSETH WHEREAS, Frame desires to amend said Agreement of Trust. dated May 12, 1985: and WHEREAS, Frame desires to amend said Agreement of Tru~~t of May 12 , 1985 , as follows {1) To add subparagraph {f) to ARTICLE II, therein. (a) WHEREAS, both Ernestine H . and John W . Frame hereby . authorizes Dauphin_ Deposit Bank and Trust Comgany_to pay over, t:he sum _ ..,~~ ,::. .:yrxtsi~,~.*Ab'. ~ i;, -.{y- ;~.~~ -~:..f;~( pr.;...;,3' ,tter~ - - `i;' ." :~-?h_#'.Yst~~'m':`•~::72';s.:.r.c~'~.~; ~'i"~.';~'tsr.;?~..~ ;;~rsi!` ~.. ~ :-y~ ... . - -.of Siacteen -Thousand 'Six; Hundred .Sixty-Six Dol lsr~s avid Sixty Seven Cents - - - .r~ 1. (rte .~^ ~ .. ~?~, ~' : s ; .. _. .. /` t:'!1. * •S+ .1+ ~. ~:~ {$16,-6f 6.6?) per annum _to Jeffrey T. Green upon written~~ request ~ try said Jeffrey T . Green to be used for college tuition, including room ~and~ -board, ;- -. books and miscellaneous expenses. This sum is to be paid~~for. two ~(2}Y consecutive >. ~. . _ _ -_ f-:~ years following the first payment made in the initial year, they total sum not to exceed Fifty Thousand Dollars ($50,000.00}, and such sum to be paid from principal only. This sum is to be paid only if Jeffrey T . Green is attending college and provided further, nevertheless, that his grades are a minimum of "C" .. 1- ~. ~`: ~ ~- - or higher and a copy of the grades are to be furnished to the Trust Department of Dauphin Deposit Bank and Trust Company. IN WITNESS WHEREOF, the Grantors have hereunto set their hands and seals and the 'Trustee has caused this instrument to be dlulg executed, all on the day and year first above written. WITNESS :~ ~ .~~~ ~~ ~- , GRANTOR: -~ ~~~ ~ /~ 2rL) Frame /, ~~~~ .~ T~~ ~1/.~-s. ~t___ (SEAL} rnestine Ii. Frame ATTEST: (Asst. Secretary)" (Seal) TRUSTEE: DA[3PHIN DEPOSIT BAi~TK AND TRUST COMPANY D X : ~~c_2__ !"~ A,~ Vice) President TRUST VALUATION OF ASSETS Date of Death: 12/11/2009 Valuation Date: 12/11/2009 Processing Date: 02/22/2010 Shares Security Estate Valuation 1J L/J/.C77 1•llt3 I~KVUY t'UA X553/b1LtS13J PA MUN BD I I Mutual Fund (as quoted by NASDAQ) 12/11/2009 2) 303.03 AT&T INC (002068102) COM New York Stock Exchange 12/11/2009 3) 193.1 EXXON MOBIL CORP (302316102) COM New York Stock Exchange 12/11/2009 4) 50 COLGATE PALMOLIVE CO (194162103) -COM . New York Stock Exchange 12/11/2009 5) 500 GENERAL ELECTRIC CO (369604103) COM New York Stock Exchange 12/11/2009 6) 10534.94 Cash (CASH) MTB PA Tax Free MM-INST I Total Value: Total Accrual: Total: $73,044.38 Estate of: Ernestine Frame Estate Account: Trust Account Repo:-t. Type: Date of Death Number of Securities: 6 File ID: Frame Trust Valuation Mean and/or Div aild Int Security a~_-------~- --- -, - -- , 10.11000 Mkt 10.110000 27,882.36 28.10000 27.81000 H/L 27.955000 8,471.20 73.15000 72.32000 H/L 72.735000 14,045.13 84.63000 82.90000 H/L 83.765000 4,188.25 16.00000 15.69000 H/L 15.845000 7,922.50 10,534.94 $0.00 ~ -•------ Page 1 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.1.1) ATTACHMENTS RELATING TO 635 WILSON STREET PROPERTY ATTACHMENT TO SCHEDULE G ERNESTINE H. FRAME PENNSYLVANIA INHERITANCE TAX FILE NUMBER: 2010 00104 Item 4. The Decedent resided at 635 Wilson Street, Carlisle, Cumberland County, Pennsylvania, from 1984 to approximately 2004. In 2004, the Decedent moved to the Sarah A. Todd Memorial Home in Carlisle, Pennsylvania, where she resided until her death. The. property at 63.5 Wilson Street, Carlisle, Pennsylvania, is owned by_Jeffrey T. Green, Donna R. Green and Debora L. Green, all of whom are grandchildren of the decedent. The decedent and her late husband financed the purchase of the residence by the grandchildren but never owned the property. The decedent and her late husband. and the grandchildren were parties to an agreement dated December 27, 1984. In this a~~eement, the Decedent and her husband retained the right to live in the property until they advised the owners that they "no longer desire to remain in said property". When the Decedent moved to the nursing home in 2004 and long before her demise, the Decedent effectively surrendered her right of occupancy in the property. It is the position of the administrator that the property is not subject to Pennsylvania Inheritance Tax in the Decedent's estate under the circumstances described. A copy of the recent assessment of the value of the property is attached. Attachment 781959. Detailed Results for Parce104-22-0481-093. in the 2004 Tax Assessment Database DistrictNo 04 Parcel ID 04-22-0481-093. MapSuf~ HouseNo 635 Direction Street WII.,SON STREET Ownerl GREEN, JEFFREY T & DONNA R C/O & DEBORA PropType R PropDesc & HILLSIDE DRIVE LivArea 1380 CurLandVal 30000 CurImpVal 123180 CurTotVal 153180 CurPrefVal Acreage .20 C1GrnStat TazEz 1 SaleAmt 69000 SaleMo O1 SaleDa 04 SaleCe 19 SaleYr 85 DeedBkPage 0031B-00361 YearBlt 1945 . HF File Date 01/05/2009 HF Approval_Status NI Yvonne R. Durham RHOADS & SINON ~~~ July 12, 2010 Re: Estate of Ernestine H. Frame No. 2010-0104 Ms. Glenda Farner-Strasbaugh Register of Wills Cumberland County Courthouse 1 Courthouse Square Carlisle, PA 17013 Dear Ms. Farner-Strasbaugh: Enclosed are the following for the above-captioned Estate: p6~ (7/7) ?3/-6677 fx (717) 7?4-8377 ydurham(urhoa~~s-sinon.com FILE NO: ~ 2~L9IO2 1. Pennsylvania Inheritance Tax Return, in duplicate, showing tax due; 2. Inventory; 3. Check in the sum of $416.52 in payment of the tax due; 4. Check in the sum of $30.00 in payment of your filing fees; 5. A copy of this letter, first page of Pennsylvania Inheritance Tax Return and the Inventory attached, which we ask that you time stamp and return in the enclosed self-addressed stamped envelope. t , <<.~ C ~ '~ - . acs N <l ~- Very truly yours ,~ , ,- cU ~ , I ~ L " ~._ :. -~ tl- ~ !' `:; ~` ~ ~- C~~,, .. RxOADS & SnvoN LLP t ~ ii d ~ .~• ~' U ~-~~ -- = ~- rz: ~ ~ gy. ~v nne R. Durham ~ f ~ P alegal Enclosures cc: Mrs. Carol Frame Green ~z 785937.1 One South Market Square, 12th Floor • P.O. Box 1146 • Harrisburg, PA 17108-1146 • ph: 717.233.5731 www. rhoads-sinon. com