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HomeMy WebLinkAbout08-18-10 (2)i ~ _ 15056101D1 REV-1500 Ex c°~-3O' '° PA Department of Revenue Pennsylvania Bureau of Individual Taxes ~'""~°'"" ~" Po 80x280601 INHERITANCE TAX RETURN Harrisburg. PA 17128-o6ot RESIDENT DECEDENT OFFICIAL USE ONLY Canty Code Year File Number `v ; C~v 2 ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYW 140-14-1048 02/2812010 i 06/25/1923 Decedent's Last Name Suffix Decedent's First Name MI _.._._ _ .__..____ __ 'Stephan Elaine S ~ ~ -_ _.__.___._ (If Applicable) EMsr Surviving Spouss's Information Below __________ .._.__.____ ~~~~ ~~ Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number FILL IN APPROPRIATE OVALS BELOW t>b 1. Original Retum O 4. Limited Estate O 6. Decedent Died Testate (Attach Copy of Will) O 9. Litigation Proceeds Received THIS RETURN MUST BE FILED IN DUPLICATE WITH tH~ REGISTER OF WILLS O 2. Supplemental Retum O 4a. Future Interest Compromise (date of death after 12-12-82) O 7. Decedent Maintained a Living Trust ~~jfkttaeh~t:opy of Trust) O 10. Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) O 3. Remainder Return (date of death prior to 12-13-82D O 5. Federal Estate Tax Retum Required 8. Total Number of Safe Deposit Boxes O 11. Election to tax udder Sec. 9113(A) (Attach Sch. O) ', CORRESPONDENT- THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULC Name Daytime Telephone Taylor P. Andrews, Esq , (717) 243-0123 First line of address 78 West Pomfret Street Second line of address City or Post Office State ZIP Code Carlisle, PA i '.17013 DIRECTED T0: -~ --c;- ~ ~ ~ ~ ~ ~ _~ ~ - ~ - r ~ a ~ ~~' ~~ r ~ ~ ~ ~ " ~) ,.,! ~ 'U -1 t0 .`` . _~ ~ "DATE ILED ~ ~' ~ ~ ---- tL~ Correspondent's e-mail addross:_t aRdre. a.net Under penaltles of per)ury, I dedero that I have examined. is return, indudMg accomparrying schedules and statements, and to the best knowledge and belief, it im true, correct and co~alerG~darropen~ than the personal representative is based on all Information of whk;h preparer as any knowledge. c/o 78st Pomfret Street, Carlisle, PA 17013 SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE ADDRESS Go 78 West Pomfret Street, Carlisle, PA 17013 PLEASE USE ORIGINAL FORM ONLY Side 1 ~, 1505610101 150561010], J i L ---_ __.. 1_ ~ _ _ 15056101D5 REV 1500 EX Decedent's Social Security Number Decedents Name: E{eln@ S. Stephan 140-14-1048 RECAPITULATION 1. Real Estate (Schedule A) ............................................. 1. ', 0.00 2. Stocks and Bonds (Schedule B) ....................................... 2. ': 201,482.17 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ..... 3. ': 0.00 4. Mortgages and Notes Receivable (Schedule D} ........................... 4. ' 0.00 5. Cash, Bank Deposits and Miscellaneous Personal Property (Schedule E)....... 5. ! 30,983.20 6. Jointly Owned Property (Schedule F) O Separate Billing Requested ....... 6. 0.00 7. Inter-Vivos Transfers ~ Miscellaneous Non-Probate Property 0 00 ' (Schedule G) O Separate Billing Requested........ 7. . , 8. Total Gross Assets (total Lines 1 through 7) ............................. 8. ', 232,455.37 :' 9. Funeral Expenses and Administrative Costs (Schedule H) ................... 9. 20,867.11 10. Debts of Deoedeni, ~#Aorigege-L3~bilities;~end-l.iens,(Sahedule I) ..:........... 10. 3~27~4.92 11. Total Deductions (total Lines 9 and 10) ................................. 11. 24,142.03 ' 12. Nst-Wlw of Estate {Liras 8 miru~s {dne 11) ................:............. 12. , 208323.34 13. Charitable and Governmental Beques~/Sec 9113 Trusts for which '; an election to tax has not been made (Schedule J) ........................ 13. ' 20,000.00 14. Nst Value Subiect to Tax (Line 12 minus Line 13) ........................ 14. ', 188,323.34 I _ TAX CALCULATION -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 .o_ 20,000.00: 15. - 0.00 ~~ 16. Amount of Line 14 taxable at -ineal rate x .o _4;z 188,323.34 16, , 8,474.55 ', 17. - - - __- Amount of Line 14 taxable 00 ; 0 0 00 . at sibling rate X .12 17, ; . , 18. Amount of Line 14 taxable 0 00 ' 0 00 . at collateral rate X .15 18. . ~o Tev nue 19- 8,474.55 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 L 15D5610105 150561D1QS O REVr'F541efX ~Psge 3 nne~ndent'¢ C_nmt~~ats Lt-ddress' flh Numl»r DE S NAME Elaine S. Stephan srREEr,4DDRESs 61 Spruce Circle GN BATE PA ZIP 17241 evwille Tax Payments and Credits: 1. Tax Due (Page 2, Line 19) (1) 8,474.55 2. CreditslPayments 6,750.00 A. Prior Payments B. Discount 32a X43 7,071.43 Total Credits (A + B) (2) 3. Interest (3} OAO 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. (4) 1,403.12 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 1,403.12 Make check payable to: ~REG1STER OF WILLS, AGENT. PLEASE ANSWER ~'#tE.FOLt.©Yldl#6•QW~.STUiAiS i~Y••RL~-61NG AN "X" IN THE APPROPRIATE B1ACi(S 1. Did decedent make a transfer and: Yes No .......... a. retain the use a income of thepioperty~transferred :...................................... ^ b. retain the right to designate who shall use the property transferred or its Income : ............................................ ^ ^ c. retain a reversionary interest; or .......................................................................................................................... ^ 0 d. receive the promise for life of either payments, benefits ar care? ...................................................................... ^ .... 2. If death occurred after Dec. 12, 1982, did decedent transfer property Hnthin one year of death without receiving adequate wnsidera6on? X 3. Did decedent own an "in wst for" or payable-upon-death bank account oc security at his or her death? .............. ^ 0 4. Did decedent own an individual retirement account, annuity or other non-probate property, which contains a benefiaary designation? ..........................................,.:.......................................................................... ^ 0 1F THE ANSWER TO ANY OF THE ABOVE QUESTIONS 1S YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AIS PART OF THE RETURN. For dates of death on or after July 1, 1994, and before Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving mouse is 3 percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 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 21 years of age or younger at death to or for the use of a natural parent, an adoptive parent or a stepparent of the child is 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 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 12 percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with tie decedent, whether by blood or adoption. ..: ~• , SCHEDULE B STOCKS AND BONDS ESTATE OF FILE NUMBER Elaine Scholten Stephan 21- ~ 0-.0249 All ro 'ointl -owned with Ri ht of Survivorshi must be disclosed on Schedule F ITEM DESCRIPTION VALUE T DATE NUMBER OFD ATH 1 Evergreen Muni Bond Fund-Class A $419,714.29 2 DWS Investments $114,569.42 3 Lord Abbett Fund -Affiliated Fund A 350 shrs @ 10.275 $!3,596.25 4 Vanguard Wellesley Income Fund Inv. 2,446.14 shrs @ 20.565 $$0,304.87 5 Vanguard Long Term Inv-Gr Inv 1,154.913 shares @ 8.965 $0,353.80 6 Vanguard Long Term Treasury Inv 997.009 shares @ 11.095 $~ 1,061.81 7 Vanguard Life Strategy Income Fund 1,564.945 shares @ 13.465 $2'11,071.98 8 Davis New York Venture Fund Class A 1,326.499 shares @ 30.765 $410,809.74 TOTAL (also online 2, Recapitulation) $20,482.17 ~I _~___. _-_ _._ ____.._... _____. .i:_~.__~~. Evergreen Investments3M Evergreen Service Company, LLC Post Office Box 8400 Bostan, MA 02266-8400 March 29, 2010 Andrews & Johnson Attorneys at Law Attn Taylor P Andrews 78 W Pomfret St Cazlisle PA 17013-3216 Reference: 05146632 Dear Mr. Andrews Thank you for your recent request concerning Elaine S. Stephan's Evergreen Investments Individual account. The value of Ms. Stephan's Municipal Bond Fund-Class A account, as of Februaary 26, 2010, was $49,714.29. The value was determined by multiplying the number o~ shares in the account, 6,800.860, by the net asset value (NAB price per shaze on that day, $7.31. Please be aware that the account value can fluctuate each iusiness day depending on the value of the securities in a Fund's portfolio. Please note that February ~8, 2010 was not a valid business day. In addition, as recently discussed with one of our telephone representatives, in grder to proceed with your redemption request, we will require the enclosed Account Application, fully completed for the Estate and signed in capacity by you as Executor. Please be sure to provide the Tax Identification Number for the Estate. As we hold the submitted documentation on file, please include reference number 05146632 on your return correspondence. Upon receipt of the above in good ®rkler, we will promptly proceed as directed. If you have any questions, please call us on our toll-free number,1-800-343-2'898. Our Client Service Representatives are available Monday through Friday from 9:00 a.m. to 6:00 p.m. Eastern Time and will be happy to assist you. Sincerely, Ronald F. Morganelli Evergreen Service Company Enclosure(s): Account Application cc: Morgan Stanley Smith Barney LLC P.O. Box 219151 DWS Kansas City MO 64121-9151 INVESTMENTS Deutsche Bank Group April 19, 2010 Andrews & 3ohnson Attorneys at Law Attn Taylor P Andrews 78 West Pomfret Street Carlisle PA I7013 Fund: DWS Growth & Income Fund-S Account: ~G~~5888 Registration: Elaine S Stephan Dear Taylor P. Andrews: I am writing in response to your recent letter regarding the above-referenced DWS fund account. Please accept our condolences on the passing of Elaine S. Stephan. Balance of Account Since February 28, 2010 was not a valid business day, below I have provided the number of ~liares, share prices, and dollar values of the fund in this account as of February 26, 2010 and March 1, 2010. February 26.2010 Fund Name (Class S) Number of Shares Share Price Dollar Value DWS Growth & Income Fund 995.179 $14.46 $14,390.29 March 1.2010 Fund Name (Class S) Number of Shares Share Price Dollar Value DWS Growth & Income Fund 995.179 $14.64 $14,569.42 Account Information I can confirm that the shares in account 4293025888 were transferred to account 26131944 ors April 13, 2010.. The registration and address of the new account is as follows: Estate of Elaine S. Stephan Taylor P. Andrews Executox 78 W. Pomfret St. Carlisle, PA 17013-3216 ~,-: ~ _ _ _ ~- As you requested, the new account was liquidated and a check for the proceeds was mailed to the above registration and address. Please allow 3 to 5 business days for the mailing, if you have not received it already. Contact Us If you have any questions, please contact one of our Shareholder Services representatives at (800) 728-3337 (for Class S). A representative will gladly assist you Monday through Friday between the hours of 8:00 a.m. and 5:00 p.m. Central Time. Sincerely, Gwenette Key Lead Mutual Fund Representative 20x58507 ._ ___ _ _ _ Lord Abbett Affiliated F: MUTF:LAAFX historical prices -Google Finance Page 1 of 2 Web Images Videos Maps News Shopping Gmail more • Sign in ~~~ ~- ~• Example: "CSCO" or "Google" Lord Abbett Aff#tiated F historical prices Watch this mutual fund Show: Daily ~ We g 12, 2009: Au-11-, 20 0 Date Close Mar 30, 2010. 10.94 Mar 29, 2010 10.96 Mar 26; 2010 10.88 Mar 25, 2010 10.86 Mar 24, 2010 ~ 10.90 Mar 23, 2010 ~~~~-~~-~ 10.93 Mar 22, 2010 10.83 Mar 19, 2010 .~_ ~_...__.~ ...w....__.,.. _........ .......,~ 10.77 . Mar 18, 2010- w ,,__._ __._...._ ,, ........,_..._. 10.84 Mar 17, 2010 _ ___ _ ___~._...........v....~...___ _....._.._...._~__._....._........_..~.............._...._.... 10.89 .. .. Mar 16, 2010 __M.___._ _..~.._._..___._..._.. . _ . _...._._............__..~..._ ...................................._......... _..__.. 10.81 . ..._...___._..._,_.... Mar 15, 2010. ~..__.._._........._...._.._....._......_..._.......__...._.____...__. 10.70 Mar 12, 2010 -~ ._-~ _ 10.72 Mar 11, 2010 ~~ ~~~~10.69 Mar 10, 2010 10.65 Mar 9, 2010 ~~- 10.59 Mar 8, 2010 _ ~ ?0'59' , Mar 5, 2010 10.59 Mar 4, 2010 10.41 Mar 3, 2010 10.37 Mar 2, 2010 ._.....__._.,~,.....,...~...._w..,__..__....._u..~ 10.35 _..._ Mar 1, 2010 _._......~.. ,.._....x_ ...._.___.____..... 10.32 Feb 26, 2010 10.23 Feb 24, 2010 10.22 Aug 12, 2009 __-_-_____._..__.._._ Feb 18, 2010 ~_....w~._____._.-..._...._~. __..._~ 10.22 Feb 17, 2010 --_r.._._...__........___~_._........_ ...................................__... 10.17 ............................_........ . . Feb 16, 2010 _.. . ............................._........................................__...._.... 10.13 Feb 12, 2010 9,92 Feb 11, 201_0 .~ ~.~ 9 .96 ..w,._..___~.,_.,~ Feb 9, 2010 _ ~..,_.....~._._._,...,..9.86. - Show 30 91 - 120 of 243 rows rows: - _...._._.__...... Aug 10, 2010 Google Finance Beta available in: ~~}~ (Hong Kong) -Canada - U.S. - ~~~~ (China) - U.K. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and may ttp: g g q- www. oa e.com/fmance/lustoncal. MUTF/o3ALAAFX&start-90&num- j _ _ _ _ _ __ _ - _ - ? __ - ~ - __ _ -30 ~ 8/11/2010 chart T_ LORD ABBETT Page 2 of 2 YOUR Y ~"~-q ACCOUN t gETA~L... Affiliated Fund - A Fund-account# 11- 97612894 Elaine S Stephan and Your account is paying dividends and capital gains in cash. Paul B Stephan (Dcsdyt Wros Year-tn-Date Distributions: Diuid~dsr- $16:70 ;Short-Term Capi~l fates- $0:00 ; Long-Term Capital Gains- $0.00 Confirm Trade Date Date Descriprion DollarAmount Share Price .hares Shares Owned BEGINNING BALANCE 350.000 02/13/09 02/13/09 INCOME DIV 0.0258 CASH $ 9.0 3 $ 0.00 d .000 350.000 05/15/09 05/15/09 INCOME DIV 0.005 CASH $1 .75 $0.00 Q .000 350.000 12/30/09 12/30/09 INCOME DIV 0.0169 CASH $5.92 $0.00 0.000 350.000 Market Value as-~.]2/3~1/09 $3~,,5Z7,..40:, $.1:0..2.2 350.000 ELAINE S STEPHAN AND INVESTMENT SLIP L O Rl D ABBETT PAUL B STEPHAN-(DCSD)]'I' WROS Note: I you are a partrcipant in an employer-sponsdr~d retirement plan not use this investment slip to make plan contributions. They must be made through your employer. MAKE ONE CHECK PAYABLE TO: LORD ABBETI'-FUNDS P.O. BOX 219336 KANSAS I Fund Name Fund# Account# Investment Amount IRA ~~~ ~~~ Year- (IRA Onlj+) AFFILIATED FUND - A 1 97612894 C TY, MO 64121 If you are changingyour address, please complete the reverse side and check this box: ^ * IRA~t~CCOUNT(S): INDICATE CA1~R~BUTION YEAR 539376 D000 55.057110 000976128948 OOd 011 ~ inc..~sezio•.oa7i~i9moosr7anFnaceainrniiavMie iec nnn,v,az~ _. _ _ _ _ _ _ _ _ I_- _- Account Statement December 31, 2009 LORD ABBETT~. ~I'I~~~II~J~~~II'~'Il~~~~l~~illl~~'~'II'I~~IJ11~1~1~~~~~1~11~~1 ELAINE S STEPHAN AND PAUL B STEPHAN (DCSD~JI' WROS 002679 6I SPRUCE QRCL NEVWIL.LE PA 17241-9300 Page 1 of 2 Shareholder Services: 800-821-5129 Your reepprresentative: 0716 WELSBROD MERRiI.L, LYNCH PIERCE F c~ S 1700 ROUTE 23 STE 200 WAYNE NJ 0 74 70-753 7 IMPORTANT NEWS FOR Y:'»~U,.. You earned it. Don't leave it behind. Talk to your financial advisor about transferringg IRAs and rolling over 401(k) accounts from past employers to a Lord Abbett "free of custodial fees" IRA. YOUR PORTI~OLiO VALUE... REGULAR ACCOUNTS: Fund Name Fund-Account# Share Price Affiliated Fund -A 1 1- 97612894 $10.88 Market value as of 03/31/10 TOTAL MARKET VALUE Shares Owned Market Value 350.000 $3,808.00 -~b~b~ S3.8i18.00 YOUt~ ~'. f-D INVES1h1ENT A(:TIViTY... Investments Redemptions R~m~lar Ar~rn~ntc $0.00 $0.00 IQt~I . Ordirdxry- DISTRIBIJT~ONS Long ~T~ Income Ca ital ins Total $8.47 ~T - $O.IDO $8.47 b'~ ~T ~ ~ ~ ~ ~ Category Market Value Po oUo% Money Market $ 0.00 0.Ox' Income $ 0.00 O.Ox Balanced $ 0.00 0.Ox Growth/Income $ 3 , 808.00 l 00.Ox Growth $ 0.00 O.Ox Tax Free Income $ 0.00 O.Ox Total 0 0 . 537733 .... _....... .................~.~...... ........................ ~... .....,,.,....., i Account Statement March 31, 2010 Vanguard' ELAINE S STEPHAN 61 SPRUCE CIR NEWVILLE PA 17241-9300 March 26, 2010 Page 1 of 4 Vanguard Long-Term Investment-Grade Fund Investor Shares 800-662-2739 (800)662-6273 ~ Fund number: o Account number ~~ o - Client Services - Tele-Account 28 9957491608 ACCOUNT VALUE On 3/26/2010 $ 0.00 Trade date Transaction Dollar amount Share price Shares transacted Total shares owned Beginning balance 1,154.913 1 /29 Income dividend ACH, _.. $ 5J ..4~ .. _ 1,1x4.913 2/26 Income dividend ACH 46.91 1,154.913 3/26 Transfer to 88041011753 -10,255.63 8.88 -1,154',913 .000 3/26 Income dividend check 46.91 .000 Income dividends $ 145.28 VANGUARD LONG-TERM INVESTMENT-GRADE FUND F NID/ACCOUNT NO. INVESTOR SHARES p~2$/08957491608 • Do n~ alterorphotoarp~- tMs~trwest-By-Mail slip. ~ ELAINE S STEPHAN • Visit www.vanguard.com or call to change your address. Lfsteachcheck $ ^,^^^,^^^ •^^ separately. $ ^ ~ ^ ^ ^ ~ ^ ^ ^ • ^ ^ Total amount $ ^~^^^~^^^•^^ Make checks payable to: The Vanguard Oroup r 0048 THE VANGUARD GROUP PO BOX 13750 PHILADELPHIA PA 19101-9897 ~u~~~~~~nn~~~~~nnn~~~~~n~n~~~~~~~~nt~l~~~~~ 00287 09957491608 308 70 otsas~75~ 2 t - 4 .010480 400 DLY Qi 2 Vanguard' ELAINE S STEPHAN Mazch 26, 2010 Page 2 of 4 Vanguard Long-Term Treasury Fund Investor Shares 800-662-2739 - Client Services Fund number: 83 Account number: 9957491608 ACCOUNT VALUE On 3/26/2010 $ 0.00 Trade date Transaction Dollar amount Share price Shares tran~aded Total shares owned Beginning balance 997.009 1 /29 Income dividend ACH $ 40.07 997.009 2/26 Income dividend ACH 36.63 997.009 3/26 Transfer to 88041011753 -10,797.61 10.83 -99b.009 .000 3/26 Income dividend check 36.98 .000 Income dividends $113.68 VANGUARD LbNG-TERM TREASURY FUND • Do trot'alter orphotoc~rthis IrrrestwBr-Mall sFits, • Visit www.vanguard.com or call to change your address. LJsteachcheck $ ^,^^^,^^~•^^ separately. ~ ^ , ^ ^ ^ ~ ^ ^ ^ • ^ ^ ~ ^,^^~,0^0.0^ ~^,~00,^^~.0^ Total amount $ ^~^^^~~^~.~~ EL/kIP1ES STEPHAta, UND/ACCOUNT NO. Make checks payable to: The Vanguard OrOUp - OOB3 THE VANGUARD GROUP PO BOX 13750 PHILADELPHIA PA 19101-9x$97 00838 09957491608 301 ~ 70 oies~~~ 2 z- 4 010481 400 DLY Qi 2 March 26, 2010 Page 3 of 4 V~li~udr'tl® Vanguard LifeStrategy Income Fund ELAINE S STEPHAN 800-662-2739 - Client Services Fund number: 723 Account number: 9957491608 ACCOUNT VALUE On 3/26/2010 $ 0.00 Trade date Transaction Dollar amount Share price Shares trarhs~ded Total shares owned Beginning balance 1,564.945 3/26 Transfer to 88041 01 1 753 $ -21,283.25 $ 13.60 -1,54;.945 .000 FIUND/ACCOUNT NO. • ©6~nor°alteror°photocopy this Irnrest-E3y-NLaBslip. .. • Visit www.vanguard.com or caH to change your address. lJsteachcheck ~ ^~^^^,^^^•^^ separatey. $ ^ ~ ^ ^ ^ ~ ^ ^ ^ • ^ ^ Total amount $ ^~^^^~^^^.^^ 07230 09957491608 304 70 ELAINE,. S. S•1F~kiAA4, Matra checks payable to: The Vanguard Oroup - 0723 THE VANGUARD GROUP PO BOX 13750 PHILADELPHIA PA 19101-997 ~n~~~~~~nur~~~~nnu~~~t~u~n~~~~~~~~~u~~~~~~~ 1~111111111111111111NIIIIIINI~ _ _ _ .. _ -- _ Mazch 26, 2010 Page 4 of 4 Vt~ll ,aj'~® Vanguard Wellesley Income Fund Investor Shares ELAINE S STEPHAN 800-662-2739 - Client Services Fund number: 27 Account number: 9957491608 ACCOUNT VALUE On 3/26/2010 S 0.00 Trade date Traruaction Dollar amount Share price Shares trah~acted Total shares owned Beginning balance 2,446.140 3/26 Transfer to 88041 01 1 753 $ -51,075.40 $ 20.88 -2,44Q.140 .000 VANGiUARD WELLESLEY INCOME FUND FUND/ACCOUNT NO. INVESTOR SHARES027/09957491608 • Do not alter or photocopyth~`h>ive~=t3lr~lfa~slip'. ELAitVt=S~STEPWAN • Visit www.vanguard.com or caN to change your address. Usteachdieck ~ ^~^^^f^^^•^^ separately. ~ ^ f ^ ^ ^ f ^ ^ ^ • ^ ^ Totalamount $ ^~^^^~^^^.^^ Make checks payable to: The Vanguard Oraup - 0027 THE VANGUARD GROUP PO BOX 13750 PHILADELPHIA PA 19101-9t~9h ~n~~~~~~nn~~~~~unn~~~~~n~n~~~~~u~~Y~~~~~~~~ 00279 0995749'16Oa 304' 70 0`t6t33375~ 2 4 - 4 010483 400 DLY Q1 2 ,_r~ Vanguard -Price History Search Page 1 of 2 ~~dAf~ Research Funds & Stocks u More Ways to Research Funds » Search Price History Since inception Price history search Track the daily prices of 1 or 2 Vanguard investments for up to 12 months. You can also view high and low prices for a specific calendar year or since an investment's inception. Vanguard funds Annuities 529 plans Exchar7ge-traded funds Step 1. Select a Vanguard®fund Share class Investor Shares What are share classes? Wellesle Income Fund Inv p. or enter a fund number 0027 ~..._._._~_....._ Y_.__.~_........__........~.__.._..._._._......_._...._ _........_._..._ .....................< Step 2. Enter a time period ['~ Daily price history View price history for aperiod-ranging from 1 day to 1 year-that falls between the investment's inception date and the last business day. Yield history is available from 1993 to the present. From (mm/dd/yyyy) 02/26/2010 =. To (mm/dd/yyyy) 03/01./20,1.0 __ f` High and low prices for a calendar year View the investment high and low prices for any full calendar year. Year (yyyy) (~' 1 .......................... C"~ High and low prices since inception View the investment high and low prices since its inception. Results Current results Wellesley Income Fund lnv 0212612010-03/01 /2010 Fund Inception Date 7/1/1970 ~~~~x,.,.,,,.. ~.,....,. ~..,. v..w..~,,.,,~.,...,~ . https:!/personal.vanguard.cam/us/funds/tools/pricehistorysearch?radio=l &results=get~l~u... 8/11 /2010 Vanguard -Price History Search Page 2 of 2 ;High 'High Date Low ;Low Date $20.60 ; 03/01 /2010 ' $20.53 ~ 02/26/2010 ~_..._.____.~.......~.. , _...~__..~__......_......_ .........A.._ .__._. ........... ..~.... ~._.._.......~._.........._... Date Price Yield B 02/26/2010 $20.53 ' 3.28% 03/01 /2010 ! $20.60 ~ 3.28% ®1995-2010 The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corp., Distrib. Terms & conditions of'use ~ Security Center ~ Obtain prospectus ~ Careers ~ Vanguard.mobi ~ t+l Feedback (Enhanced Support u.. h s:// ersonal.van uazd.comius/funds/tools/ ricelusto seazch?radio=l&results= eta 8/11!2010 ttP P g P rY g Vanguard -Price History Search Page 1 of 2 Research Funds & Stocks ~ More Ways to Research Funds » Search Price History Since Inception Price history search Track the daily prices of 1 or 2 Vanguard investments for up to 12 months. You can also view high and I~w prices for a specific calendar year or since an investment's inception. Vanguard funds Annuities 529 plans Exchange-traded funds I Step 1. Select a Vanguard®fund Share class Investor Shares ~ ~ What are share classes? :Long-Term Invest-Gr Inv -`' or enter a fund number 0028 Step 2. Enter a time period (i Daily price history view price history for aperiod-ranging from 1 day to 1 year-that falls between the investment's irf~ception date and the last business day. Yield history is available from 1993 to the present. From (mmlddlyyyy) 02/26/2010 ..... M _..... _.. M....,.. _....... _. _. _,.... a To (mm/ddtyyyy) 03/01 /2010 1 ~` High and low prices for a calendar year View the investment high and low prices for any full calendar year. Year (yyyy) ~~ , .............................. r High and low prices since inception View the investment high and low prices since its inception. Results Current results Long-Term Invest-Gr Inv 02/26/2010-03/01 /2010 Previous results VI/etlestey° fnc'orrre~ Fcrrrd°°I1~ 02/26/2010-03/01 /2010 Fund Inception Date 7/9/1973 Fund Inception Date 7/1/1970 https://personal.vanguard.com/us/funds/tools/pricehistorysearch?radio=l &results=get~Fu... 8/1.1 /2010 __ _ __ __ _ ----~__~ 1~.. ,_ Vanguard -Price History Search Page 2 of 2 i ;High High Date ;Low ;Low Date ~ High ~ High Date Low f Low Date ': ,.~.._._..~...._..~....._. _.-...._...~ .~..V_...~...._..~....~.~... ~ .M..~....~.. m_~., ;,^$8.97 ^T.03/01 /201T0^~„$8.9602/26/201„0^$20.60^03/01 /201.0: $20.53 02/26/2010,,,, Date Price Yield A 02/26/2010 $8.96 5.85% 03/01 /2010 $8.97 5.84% ©1995-2010 The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corp., Distrib. Terms 8 conditionsof use ~ Security Center ~ Obtain prospectus ~ Careers ~ Vanguard.mobi ~ ~! Feedback ~ Enhanced Support s ersonal.van ard. com/us/funds/tools/ ncelusto search .radio-1 &results- 1 ttP ~ P gu P ~ rY g _ _ _ _. _ _ _ __ __ _ _ -- _ .-- _:_~_.~ ._. - __ _ et~Fu... $/11/20L0 Vanguard -Price History Search ~4<.. .: ~~> Page 1 of 2 Research Funds & Stocks u More Ways to Research Funds n Search Price History Since Inception Price history search Track the daily prices of 1 or 2 Vanguard investments for up to 12 months. You can also view high and Imw prices for a specific calendar year or since an investment's inception. Vanguard funds Annuities 529 plans Exchange-traded funds Step 1. Select a Vanguard®fund Share class Investor Shares ;~. What are share classes? W ,Long-Term Treasury Inv ;; or enter a fund number 0083 Step 2. Enter a time period C~ Daily price history View price history for aperiod-ranging from 1 day to 1 year-that falls between the investment's inception date and the last business day. Yield history is available from 1993 to the presEnt. From (mm/dd/yyyy) 02/26/2010, To (mm/dd/yyyy) 03/01 /2010 _j C` High and low prices for a calendar year View the investment high and low prices for any full calendar year. Year (yyyy) ~- ~'~ High and low prices since inception View the investment high and low prices since its inception. Results Current results Long-Term Treasury Inv 02/26/2010-03/01 /2010 Previous result Long-Term Fr~~rest-Gr If•~~r 02/26/2010-03/01 /2010 Fund Inception Date 5/19/1986 Fund Inception Date 7/9/197 https://personal.vanguazd.com/us/funds/tools/pricehistorysearch?radio=l &results=get&~'u... 8/11/2010 __ __ _ _ ~ . I Vanguard -Price History Search ,_ Page 2 of 2 t High High Date Low Low Date ~ High ~ High Date ~ Low Low Date .~. __~... $11.10 03/01 /2010 ~ $11.09 ~ 02/26/2010 ($8.97 ' 03/01 /2010 (' $8.96 ~ 02/26/2010 ~i_... ~...._.....~~.._._ ~.._.,._...Y..~......w._w...._.m...._...._.z..........___.~.-...,~...__...~,.1.....,..........v.,..._...__._...~_............._~...,...,. i......_ ..............M.,._...._..J....................._.,_..T......_._._....._.........,.....1......n......_............,......L....._...,_~....._,~...~._...._,.,..~._ ~: Date Pri€e ~ Yield A .Date Price Yield A 02/26/2010 $11.09 4.13% , 02/26/2010 $8'',,96 5.85% ~. 03/01 /2010 ~ $11.10 ~ 4.12% ~ 03/01 /2010 $8''.97 ' 5.84% ®1995-2010 The Vanguard Group, Inc. Ail rights reserved. Vanguard Marketing Corp., Distrib. Terms & conditions of'use ~ Security Center ~ Obtain prospectus ~ Careers ~ Vanguard.mobi ~ i*1 Feedback ~ Enhanced Support https://personal.vanguard.com/us/funds/tools/pricehistorysearch?radio=l&results=getc~~u .. 8/11/2010 _.. _ _ ~ , Vanguard -Price History Search Page 1 of 2 ~~ Research Funds & Stocks » More Ways to Research Funds » Search Price History Since Inception Price history search Track the daily prices of 1 or 2 Vanguard investments for up to 12 months. You can also view high and low prices for a specific calendar year or since an investment's inception. Vanguard funds Annuities 529 plans Exchange-traded funds Step 1. Select a Vanguard®fund Share class Investor Shares What are share classes? LifeStrate ~tncome Fund or enter a fund number 0723 Step 2. Enter a time period ~> Daily price history view price history for aperiod-ranging from 1 day to 1 year-that falls between the investment's inception date and the last business day. Yield history is available from 1993 to the present. From (mm/dd/yyyy) 02/26/2010 To {mm/dd/yyyy) 03/01/2010 (": High and low prices for a calendar year View the investment high and low prices for any full calendar year. Year (yyyy) i __.._..._.i High and low prices since inception View the investment high and low prices since its inception. Results Current results LifeStrategy Income Fund 02/26/2010-03/01 /2010 Previous results Long-Term Treasury Inv 02/26f2a'10-03/01 ~2Q'~U~ Fund Inception Date 9/30/1994 Fund Inception Date 5/19/1986 Hi h ;High Date Low f Low Date ~ High -High Date Low Low Date ._...._..... g-....__.....-----_.__.__ ......_....___.._..._.......~......_._...... ~....._....._._.__.. i_..._.. ..__ . _.......a.~..~.... _.._._...._....~..._.___......___..~... https://personal.vanguard.com/us/funds/tools/pricehistorysearch?radio=l &results=get8~~u.:. 8111 /2010 7.. .. __ ~_ _ __ _ _ r_ Vanguard -Price History Search Page 2 of 2 $13.48 03/01 /2010 ~ $13.45 € 02/26/2010 j $11.10 03/01 /2010 ~ $11.00 02/26/2010 ~.~~ i Date ~ Price Yield B ~ Date ~ Price ~ Yield A 02/26/2010 $13.45: 2.43% = 02/26/2010 $11.09 ~ 4.13% 03/01/2010 $13.48 2.43% 03/01/2010 ~ $11.1!0 I 4.12% ~,_.__..~_~.____~._..~._.,_._._._t_...____~~~~~__...~~.._._~...~_.,.._...~...___._~.......~.._._...__ ~~...~.~_._..._.._~_~~~._.~~_..____~~.~._.._._._..a.~~._.._......._..__~.__.~~~__._,.__..__M._w---___ ®1995-2010 The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corp., Distrib. Terms 8 conditions of use ~ Security Center ~ Obtain prospectus ~ Careers ~ Vanguard.mobi ~ 1+] Feedback ~ Enhanced Support s erson .van uard.co us/funds/tools/ ncelusto search.radio-1&results- et8a ttP ~ P g P ~ rY g __ _ _ - - _ -- . _ __ _ ~ - _ _ F#u... $/11/210 __ __ r ss >D6293 6294367 OD1 008174 ~ ELANE S $TEPHAN TOD ~,~ 61 S'RUGE CIR sew NEVtViLLE PA 17241-9300 Portfolio Value www.davisfunds.com 1-800-279-0279 Investment Representative According to our records, we do not have a registered investment representative assigned to this account(s). Beginning Value on 01101!2010 PufthaSeS Income Distributions - Withdrawals +/- Change in Value $41,094.94 0.00 0.00 0.00 1,605.06 Our mission as a firm is to serve our shareholders with high integrity; therefore, certain goading principles remain constant for our organization. As a sign. of our commitment, the Davis family, employees and. directors, have almost $2 billion* of their ouvn money invested side by side with fellow shareholders, in the various mutual funds ourfirm manages. Ending Value on03/31/2010 $42,700.00 *as of December 31, 2009. You may qualify for a reduced sales charge on mutual fund purchases of Glass A shares. Additionaltly, shareholders who self Class B or C mutual fund shares may pay a contingent deferred sales charge. Please .refer to this current Prospectus, Statement of Additional Information or contact your financial advisor for information on charges acrd o#her fees, Breakpoints, Letters of Intent, Rights of Accumulation or the Subsequent Repurchase Privilege. Fund. Summary Non=Retirement Accounts Davis New York Venture Fund Class A Total Market Value Your Fund and Account Numbets 425-222230685 Total Shares Owned 1,326.4990 Shaire Total x Price = Market Value $32.19 $42,700.00 $42,700.00 It is important to review all account transactions and promptly report any discrepancies to Davis Finds and to your broker dealer firm. Please re-confirm any arat cunicati~--n~i~writing~to~ferther protect your~ac+eo~unfi: Feet'free to contact Investor Services with any questions you may have. -- Dn nn t nF .1 •"--•• n.... _ ~. ~ w _; ~„ ~.,~ ~ . Account Transactions Davis. New York Venture Fund. Class A Fund Number 425 Account Number 222230685 I ELAINE S STEPHAN TOD Trade Number Share Dollar Total Date Transaction Description of Shares x Price Amount Shares. 011 Beginning Share Balance 1,326.4990 No Transaction This Period 03~3i Ending Share Balance 1,326.4990 -( T'~ ~{ ... ' ' ~~. ~ ,. ~ s n. .~ r~ wanw» .~. 1.S.~k. -;-~. t_N .. n. ~•:~ ~ • ~f1 6 P a~~a. nnvic ani i Dnnn 7 of ~ an Rv TMr NYVTX: Historical Prices for DAVIS NEW YORK VENTURE FUND A -Yahoo! Fina... Page 1 of 2 New User? Register ;Sign In ;Help Preview Mail wl Yahoo! Mail Toolbar ~~~fe ~~#~~~ Search ~W~b Search -.~- Dow ~^ 0.79oh Nasdaq ~ 1.63% HOME INVESTING NEWS & OPINION PERSONAL FINANCE MY PORTFOLIOS TECH TICKER ~_ ~ GET QUOTES Finance Search Thu, Aug 12, 2010, 9:35AM EDT - U.S. Markets close in 6hrs 25mins Davis NY Venture A (NYVTX) On Aug 11: 21.:76 ~ 0.85 (2.~s~~> Historical Prices SET DATE RANGE Start Date: Feb 26 ~ 2010 ! Eg. ]an 1, .------ ~ ~-~ Zo1o End Date: Mar 01 _ 20.1.0 PRICES Date Mar 1, 2010 Feb 26, 2010 Get Historical Prices for: ~~ ,ADVERTISEMENT G Daily ;What r Weekly ~@I"P1'f1@S l,` Monthly C Dividends Only ' ~~~) ~$#$S.. First ! Previous ~ Next ~ Last Open High Low Close Volume Adj , Close• Since creating 30.93 30.93 30.93 30.93 0 30.93 M6txosott, in 1875 30.60 30.60 30.60 30.60 0 30.60 Bill C'~~ ~' ~~ an airrast perfdct Close price adjusted for dividends and splits. rnOnpppiy... First ~ Previous ~ Next ~ Last AJkauwing him tts rack f~rpownload to Spreadsheet up a ~506n fortune. But right now, he is nervous. 72% of .iapanese zre already ttsin9 the techrtoiogy , that wi8 repNaoe it. New report rereats '. the st!adc ticteer of the t:omparry tfra# a~ profit rrr!ost frorn the'Death of NSCrcrosott". CI[CfC Here fOr IrrSiarrt Access to ThIS f2P.t~oi'tl Copyright ®2010 Yahoo! Inc. All rights reserved. Privacy Policy -About Our Ads - Tenns of Service - Copvriaht/IP Policy -Send Feedback- Yahoo! News Network http://finance.yahoo.com/q/hp?s=NYVTX&a=01 &b=26&c=2010&d=02&e=01 &~~O l! 0~.,. 8/12/2010 -- _ -- ~, - _- - SCHEDULE E CASH, BANK DEPOSITS AND MISCELLANIOUS PERSONAL PROPERTY ESTATE OF FILE NUMBER Elaine Scholten Stephan 2,1 } 10-0249 - Include the proceeds of litigation and the date the proceeds were received by the estate All 'oiutly-owned with ht of Survivorshi must be disclosed ou Schedule F ITEM DESCRIPTION VALUE AT DATE NUMBER OF ATH 1 Northwest FCU svings: 30792 $10.81 2 Northwest FCU cking: 7835306 $22,450.22 3 F&M Trust Bank -checking acct: 33-08863 $3,963.47 4 Tangible personal property -furnishings and misc property $3,725.00 5 ECM insurance refund $11.00 6 Verizon refund $2.96 ? PA income tax refund $35.00 8 cash account at Green Ridge Village $716.29 9 Geico refund $68.45 __ TOTAL (also online 5, Recapitulation) $3 ,983.20 - _ - i W E S T FEDERAL CREDIT UNION March 19., 2010 Andrews & Johnson Attorneys at Law Attn: Taylor P. Andrews 78 West Pomfret Street Cariisie, PA 17013 Re: Elaine S. Stephan Acct: 7835306 On March 19, 2010, you had requested information regarding the account of Elaine S. Stephan. Please review the following date of death balances and year to date interest information as of February 28, 2010. Account Type Balance Tnd. /Joint Joint Holder 7835301, Say%ings $10.81 Individual None 30792 C`heclcing $26, T 1'7.54 Individual None 'The year to date interest as of February 28, 2010 was $0.00. These accounts were both non-interest bearing accounts. There were two deposits from Social Security Administration of $351.00 and US Treasury Department of $2,316.32 on March 1, 2010. These deposits will be returned to the~sending financial instinrtion and you will receive documents for your records. Should there be any questions, please contact me at 703-709-8900 extension 6426 or fax nU~rurber 703- 234-8604 between the hours of 7:30 am to 4:00 pm eastern standard time. Sincerely, Jack Persinger Deceased Account Representative Mersin Fer•cv.~-~~~tcu.or~t 200 SPRING STREET" ~ HERNDON, VA 20170 703-709-5900 1-800-336-3384 www.nwfcu.org i. - ___ ~ I March 24, 2010 Andrews & Johnson Attorneys at Law 78 West Pomfret St CarlFSle, Pa 17013 RE: Elaine Scholten'Stephan To Whom It May Concern: In reference to'the above customer, our records show the enclosed information to be accurate of today's date. If I may be of any further assistance, please contact me. Sincerely, Tricia Ganoe Deposit-OpeFation5 hhartage~ 717-261-3624 717-264-6116 888-2646116 P.O. Box 6010 Chambersburg, PA 1...7201-6010 FINANCIAL SOLUTIONS... FROM PEOPLE YOU KNOW. 1___. _ .. n SCHEDULE H FUNERAL EXPENSES, ADMINISTRATIVE COSTS AND MISCELLANEOUS EXPENSES ESTATE OF FILE IN~UMBER Elaine Scholten Stephan 2 ~ ,10-0249 Debts of decedent must be re orted oo Schedule L ITEM DESCRIPTION AMOUNT NUMBER A. Funeral Expenses: 1 Egger Funeral home $2,198.45 2 Other funeral related expnses $1,788.60 B. Administrative Costs: 1 Personal Representive Commissions $8,000.00 Name of Personal Representative: Ta for P. Andrews, Es . Social Security Number of Personal Representative: 193-36-8343 Street Address: 78 W. Pomfret St. City: Cazlisle State: Pa Zip: 17013 Year(s) commissions paid: 2010 ex ected 2 Attorney fees to Andrews & Johnson $8,000.00 3 Family Exemption Claimant Street: City: State & Zip Relationship of Claimant to Decedent: 4 Probate Fees to Register of Wills $250.00 5 Accountant Fees to Patricia Rosendale, CPA $250.40 6 Tax Return Prepazer's Fees 7 Advertising of letters $220.06 8 Appraisal $150.00 9 Bank charge for returned check $10.00 10 11 12 13 14 15 16 17 18 19 TOTAL (also on line 9, Recapitulation) $ 0,867.11 - _ __ __ - __-- - _ _ . _ _ _ _ _~ ~ i i SCHEDULE I DEBTS OF DECEDENT MORTGAGE LIABILITIES AND LIENS ESTATE OF FILE NUMBER Elaine Scholten Stephan 2~1 ~ 10-0249 Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical exlbenses. ITEM DESCRIPTION VALU>v AT DATE NUMBER QF D ATH 1 Northwest FCU -Visa $62.74 2 Amerigas $26.40 3 Debra Piper -tax colllector -per capita tax $4.90 4 Green Ridge Village -medical expenses $314.56 5 Millenium Pharmacy Systems $7.78 6 Rent -Green Ridge Village I $2,858.54 TOTAL (also on line 10, Recapitulation) $3,275 __ _ _ -T ,,_ . _ SCHEDULE J BENEFICIARIES ESTATE OF FILE NUMBER Elaine Scholten Ste han 21-10-0249 ITEM NAME AND ADDRESS OF BENEFICIARY RELATIONSHIP AMO TOR SHARE NUMBER Do Not List Trustee(s) I# ESTATE I TAXABLE DISTRIBUTIONS [include outright apoua4 distributions, mid transfers ruder Sec. 91 I6(ax1.2)] 1 Janet Stephan Hannon, Daughter 112 personalty & 302 Cole Dr., Huntsville, AL 35802 1/6 of teesidue 2 Paul Brooke Stephan III Son 1/2 pei`s0nalty 101 Bollingbrook Rd., Charlottesville, VA 2911 3 Prof. Julia D. Mahoney, Trustee for Stephan Children Trust Grandchildren 1/3 or residue UVA Law School, 580 Massie Rd., Charlottesville, VA 4 Prof. Julia D. Mahoney, Trustee for Adriana DeBolt Trust Grandchild 1/6 residue UVA Law School, 580 Massie Rd., Charlottesville, VA 5 Janet Stephan Harmon, Trustee for Christian A. Harmon Grandchild 1/9 residue 302 Cole Dr., Huntsville, AL 35802 6 Janet Stephan Harmon, Trustee for Frances E. R. Harmon Grandchild 1/9 res~dLle 302 Cole Dr., Huntsville, AL 35802 7 Janet Stephan Harmon, Trustee for J. Axexander Harmon Grandchild 1/9 residue 302 Cole Dr., Huntsville, AL 35802 II NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE Charitable and Governmental Bequests: Hope College, 141 East 12th St., Holland, MI 49423-3607 $20,000 TOTAL CHARITABLE AND GOVERNMENTAL BEQUESTS (also enter on line 13, Recapitulation) $20,000 __ __ __ _ ~ __i..~l_ LAST WILL AND TESTAMENT OF ELAINE SCHOLTEN STEPHAN I, ELAINE SCHOLTEN STEPHAN, of Newville, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby make, publish and declare this as and for my Last Will and Testament, hereby revoking all other Wills and Codicils heretofore made by me. FIRST I direct the payment of my just debts and expenses of my last illness and funeral from my estate as soon after my death as conveniently may de done. Further„I direct that my body be cremated and that my ashes be disposed of as my personal representative shall deem appropriate. ~ SECOND I bequeath my tangible personal property (not including cash or securities), together with any existing insurance thereon, as set forth in a separate memorandum that I shall place with my Will to the persons therein designated. If I shall leave'no separate _ , memorandum, or with regard to my other tangible personal property (not including cash or securities) not referenced by such memorandum, I bequeat'~ such property to my children, JANET STEPHAN HARMON and PAUL BROOKE STEPHA]I~T III, to be divided among them by my Executor with due regard for his and her personal preferences in as nearly equal shares as practical. +. ~ THIRD I give, devise and bequeath my estate as follows: A. The sum of Twenty Thousand ($20,000.00) Dollars to HOPE COLLEGE, Holland Michigan. B. The rest, residue and remainder of my estate shall be divided ~s follows: (1) One-sixth (1/6) to JANET STEPHAN HARMON. If she fails to survive me, this sum shall be added to the share held in Trust for the benefit of her children. .~, .~ (2) One-third (1/3) to the STEPHAN CHILDREN Trust,. WILLIS SPAULDING, Executive Trustee (EIN 54-6316024} to be administered :pursuant to the terms and conditions of said Trust. G~ (~ One-sixth (1/6) to the ADRIANA DEBOLT STEPHAN Trust, WILLIS SPAULDING, Executive Trustee (EIN 54-6349402) to be administered pursuant to the terms and conditions of said Trust. (~ The remaining one-half (1/3) share of my estate, I give, ddvise and bequeath unto my daughter, JANET STEPHAN HARMON, as Trustee, to hold and share in Trust for the benefit of her children; upon the following•~t~rms and conditions: a. The funds received under this will for the children of JANET STEPHAN HARMON shall be divided into as many equal trusts as there are children of JANET STEPHAN HARiV1ON surviving at my death, and JANET STEPHAN HARMON shall administer each Trust separately in accordance with the following instructions: b. To hold, manage, invest and reinvest the principal so received, ,~ and accumulation of income thereon, and to use, pay and apply the income and principal or so much thereof as in Trustee's sole discretion may be necessary for the medical expenses and post-high school education of each beneficiary. The education expenses shall be limited to the actual cost of tuition, books, and room and board outside the home of JANET STEPHAN HARMON. c. The payments authorized by this Trust may be, in the sole opinion of the Trustee, made directly to the beneficiary or to any institution entitled to such payment by reason of services rendered or to be rendered to any of said beneficiary. d. All payments of principal and income hereby given .shall be free from anticipation, assignment, pledge or obligations of the beneficiary, and shall not be subj ect to any execution or attach~ient. e. All principal and accumulated income, not so applied, shall be distributed as follows: (1) When each beneficiary attains the age of thirty (30) years the remaining principal and accumulated interest shall be distributed to the beneficiary. (2) If the beneficiary of this Trust shall not survive to receive final distribution, the Trust shall be distributed to the issue of the beneficiary, and in default of such issue, to my otl~r.gxandcliiklren.,by. JANIW'~~ S'FEPHAN HARMON, with the distribution to other Trusts still in existence.for a grandchild. f. If JANET STEPHAN HARMON is unable oz'unwilling to perform the duties of Trustee, I direct that BRUE>/ A)/Al'~F ~AR1Vf4N be appointed as Substitute Trustee. FOURTH I direct that any and all inheritance, estate, and transfer taxes imposed upon my estate passing under this Will or otherwise shall be paid out of the principal of my residuary estate. FIFTH In addition to the powers conferred by law, I authorize any personal representative acting under this instrument, in his/her absolute discretion: A. To retain in the form received, or to sell either at public or private sale any real or personal property; B. To exercise any options to subscribe for stocks, bonds, or other investments; C. To join in any plan of lease, mortgage,- consolidation,. cxchange, ~~ reorganization or foreclosure of any corporation in which my estaate or any trust may hold stocks, bonds or other securities; D. To sell, transfer, convey, mortgage, pledge, lease or exchange any property, real or personal, which at any time may form part of my estate, for the payment of debts or taxes, or for any purpose of administration or ~ distribution, for such prices and upon such terms as my' personal Q representative, in his/her sole discretion, may deem wise, and to execute and deliver .deeds of conveyance or transfer thereof; ~`~ E. To make settlements and compromises on such terms as my~ personal v representative in his/her sole discretion may deem wise without the necessity of obtaining-any court approval• tl~reaf; F. To make distribution hereunder either in cash or kind, as my personal representative in his/her discretion may deem wise. SIXTH I do hereby nominate, constitute and appoint my son, PAUL BROOKE STEPHAN III, to act as Executor of this my Last Will and Testament. Provided, however, that if he is unwilling or unable to act as Executor, I direct the duties of Alternate Executor be performed by TAYLOR P. ANDREWS, ESQ.. SEVENTH I direct that no personal representative, guazdian, trustee or other fiduciary appointed under this instrument shall be required to give bond for' the faithful performance of their duties in any jurisdiction. IN WITNESS WHEREOF, I, ELAINE SCHOLTEN STEPHAN, have hereunto set my hand and seal to this my Last Will and Testament, consisting of six (6) printed pages, this ~_ day of April 2005. ~ ~ . /~L Elaine Seholten S~phar~ Signed, sealed, published and declazed by the above-named TestaY~rx, ELAINE SCHOLTEN STEPHAN, as and for her Last Will and Testament, in the presence of us, who, at her request, in her sight and presence, and in the sight and presence Hof each other, have hereuntosubscribed our names as witnesses. ~ }. i ~~~f ;" __,_ r~ COMMONWEALTH OF PENNSYLVANIA COUNTY. OF CUMBERLAND . SS. )_. J~ WE, ELAINE SCHOLTEN STEPHAN, TAYLOR P. ANDREVIJS, and i~.Q ~~t~ >~ ~J C)~,t2S ~ ~ the Testatrix and witnesses, respectively, whose names are signed to the foregoing or attached instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed and executed the instrument as and for her Last Will and Testament and that she signed willingly and that she executed as her free and voluntary act for the purposes therein expressed, and thalt each of the witnesses, in the presence and hearing of the Testatrix, signed the Will as witnesses and that to the best of their knowledge the Testatrix was at the time eighteen (18) or more years of age, of sound mind and under no constraint or undue influence. ~~~ ELAINE S~~LTEN STEP estatrix Witness Subscribed, sworn to and acknowledged before me by Elaine Scholten 'Stephan, the Testatrix, and sy~scribed to and`Ts~~rn or affirmed to before me by TAYLOR P. ANDREWS and h~~ !~ ~ ~ r~ witnesses, ~ ~ ~'` day of Apri12005. i ~ ~ ~ /j NOTAf~IAL BEAL~r' SHELLY SEXTON, Notary Public Carlisle Qoro, Cumberland County My Commission Expires April 26, 2007 Notary