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HomeMy WebLinkAbout04-0636Register of Wills of Cumberland County, Pennsylvania Estate of PETITION FOR GRANT OF LETTERS Deceased BELLE F. NELSON Social Security No. 182-40-9714 MANUFACTURERS AND TRADERS TRUST COMPANY, SUCCESSOR BY MERGER TO DAUPHIN DEPOSIT BANK & TRUST COMPANY (COMPLETE "A" OR "B" BELOW:) A. Probate and Grant of Letters and aver that Petitioner is the Executor named in the Last Will of the Decedent, dated July 9, 1992 and Codicil dated August 2, 1992. State relevant circumstances, e.g.. renunciation, death of executor, etc. Except as follows, Decedent did not marry, was not divorced, and did not have a child bom or adopted after execution of the documents offered for probate; was not the victim of a killing and was never adjudicated incompetent: NONE B. Grant of Letters of Administration (d.b.n.c.t.a.: pendente lite; durante absentia; durante minoritate) Petitioner(s) after a proper search has/have ascertained that Decedent left no Will and was survived by the following spouse (if any) and heirs: Name Relationship Residence Decedent was domiciled at death in Cumberland County, Pennsylvania, with her last family or principal residence at 801 North Hanover Street, Carlisle, Pennsylvania 17013. (list street, number and municipality) Decedent, then 95 years of age, died June 6, 2004, in Harrisburg, Dauphin County, Pennsylvania, (Location) Decedent at death owned property with estimated values as follows: (If domiciled in PA) All personal property ................................................................................................................................. $1,600,000.00 (If not domiciled in PA) Personal property in Pennsylvania ...............................................................................................................$000000000 (If not domiciled in PA) Personal property in County ......................................................................................................................... $000000000 Value of real estate in Pennsylvania ........................................................................................................................................................................................ $ 00000000 Total .................................................................................................................................................................................................................. $1,600.000.00 Real Estate situated as follows: Wherefore, Petitioner respectfully requests the probate of the last Will presented with this Petition and the grant of letters in the appropriate form to the undersigned: Signature Typed or printed name and residence Manufacturers and Traders Trust Company, Successor by Merger to Dauphin Deposit Bank & Trust Company By: Thomas E. Morkin, Vice President of Private Client Services One West High Street Carlisle, PA 17013 Form RW-I Page 1 of 2 (Dauphin County) - Rev. 9/92 106603 1 7/6/04 Commonwealth of Pennsylvania County of Cumberland The Petitioner above-named swears and aft'urns that the statements in the foregoing Petition are tree and correct to the best of the knowledge and belief of Petitioner and that, as personal representative of the Decedent, Petitioner will well and truly administer the estate according to law. Swom to and affmned and subscribed before me this ,-~'/q day of ?4x:.~ ,2004. No. Estate of Belle F. Nelson, deceased Social Security No: 182-40-9714 Date of Death: June 6, 2004 AND NOW, July _~ 2004, in consideration of the Petition on the reverse side hereon, satisfactory proof having been presented before me, IT IS DECREED that Letters Testamentary are hereby granted to Manufacturers and Traders Trust Company, successor by merger to Dauphin Deposit Bank and Trust Company in the above estate and that the instrument dated July 9, 1992 and Codicil dated August 2, 1992 described in the Petition be admitted to probate and filed of record as the last Will of Decedent. FEES Letters ........................... $ (/'6~. ¢ o Short Certificates..(6)... $ / Renunciation ................ $ Affidavit ( ) .................$ Extra Pages ( ) ............ $ ,~ ,00 Codicil .......................... $ JCP Fee ........................ $ Inventory ....................... $ Other ............................ $ Attorney: I.D. No: Address: Register of Wills Donn L. Snyder 06858 Penn National Insurance Plaza 2 North Second Street, Seventh Floor Harrisburg, PA 17101 Telephone: (717) 257-7552 STATE OF PENNSYLVANIA COUNTY OF CUMBERLAND SHORT CERTIFICATE I, GLENDA FARNER STRASBAUGH Register for the Probate of Wills and Granting Letters of Administration in and for CUMBERLAND County, do hereby certify that on the 8th day of July, Two Thousand and Four, Let ters TESTAMENTARY in common form were granted by the Register of said County, on the estate of NELSON BELLE F , late of CARLISLE BOROUGH (Last, First, Middle) in said county, deceased, to M&T TRUST COMPANY SUCCESSOR BY (Las,, Fi, st, Middie~ ~ ~UOCk--~' ' MERGER TO DAUPHIN DEPOSIT BANK AND TRUST COMPANY 0l~ and that same has not since been revoked. ~~ IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal of said office at CARLISLE, PENNSYLVANIA, this 8th day of July Two Thousand and Four. File No. PA File No. Date of Death s.s. # 2004-00636 21-04-0636 6/06/2004 182-40-9714 Register Of Wills NOT VALID WITHOUT ORIGINAL SIGNATURE AND IMPRESSED SEAL his is to certify that the information here given is correctly copied from an original certificate of death duly filed with me as 1.Dca[ Registrar. The original certificate will be forwarded to the State Vital Records Office for permanent filing. WARNING: It is illegal to duplicate this copy by photostat or photograph. Fee for this certificate, $2.00 No. Local Registrar Date Hey 2m7 COMMONWEALTH OF PENNSYLVANIA * DEPARTMENT OF HEALTH * VITAL RECORDS i_' CERTIFICATE OF DEATH :3. SLATE FILE NUMBER ,. Belle Nelson 12.Fe~le ~. 182 -- 40 -- 9714 I,. June 6,2004 AGE ILea ~t~y) I UNDER 1 YEAR UNDER 1 DAY ~TE OF BIRTH BIRTHPLACE ~ly a~ ~ PLACE OF ~ATH (~ ~k ~ ly o~ - ~ ~t~ o~ ome~ ~ I I Months i ~ ~urs ~ , .... {M~th.~y. Yea, ~ St F~ C~ V) ~HOSPiTAL .... ---' OIHER ~. 95 ~ COUNTY OF DEATH ' CITY. 8ORD. ~P ~ ~ATH FACILITY NAME (Il ............. g,ve s,,~ a~a~m~, ~ECE ~NT OF HISPANIC ORIGIN?~CE-~ ~n ~an. ~ack]h, ..... ~CE DENT'S USUAL ~CUPATI~ lt0. ~lte E ' M RITAL ST~US - M~ded SURVIVING SPOUSE Housewife I .... 17b. Coumy ,ownsh*? '~",~J wlmin acluaHim.s o, ~rlisle 801 North Hanover Street Carlisle,Pa 17013 7acoG ~Tsh~ Thomas Morkin Burial B C,ematmn [] Removal Irom Slate [] Donation [] Oli'~t (Sf~Cliy) - ~l~,~.June 14,2004 MOTHER'S NAME (First. MKldle~Mal~en Sum~lne) J,~ Mary K~tler 12~. 1 West High Street ~rlisle,Pa 1/O13 ~ J~,.Rolling Green Cemetery ~UCH ILICENSE NUMBER ~/.~ ~, ~,~. 011654-L ~ cefli~ cause of dealh. 23a. le~lmg ,n ~) LAST [ d Yes ~] No Yes REGISTRAI~I'S SIGI~TURE AND NUMBER NAMEANOADDRESSO~FACILITY . 1')03' Market Street I~=~.Myers-Harner Funeral Home J_ncc,amp Hill, Pa 17011 LICENSE NUMBER DATE SIGNED (Month, Day, YeaQ 23b. 23©. WAS CASE REFERRED TO ME BICAL EXAMINERICORONER? Yes [] No~'~ INJURY AT WORK?~? IDDESCRIBE HOW INJURY OCCURRED Yes [] No ~ am=. 130~. FIRST CODICIL TO LAST WILL AND TESTAMENT OF BELLE F. NELSON I, BELLE F. NELSON, of the Borough of Camp Hill, County of Cumberland and Commonwealth of Pennsylvania, declare this to be the First Codicil to my Last Will and Testament dated the 9th day of July, 1992. 1. Paragraph FOURTH of said Last Will and Testament is amended to include the following subparagraph in paragraph (2): (d) It is intended that this Trust shall qualify as a Charitable Remainder Annuity Trust under Section 664 of the Internal Revenue Code of 1986, as amended. No provisions as stated herein, or omitted hereof, shall operate to disqualify this Trust. Additionally, under no con~ition~! shall the annual distribution be less five (5%) percent of the initial fair marketc!~. value of all property placed in the Trust...~ Should this minimum distribution be in excess:~ of the net income in any period, my Trustee may invade the principal as necessary. 2. In all other respects, my said Last Will and Testament dated July 9, 1992 shall remain in full force and effect. IN WITNESS WHEREOF, I have hereunto set my hand and seal this ~th day of Aug,,~ , 1992, at the end hereof, composed in all of three pages, including the self-proving attestation clause and signatures of witnesses. WITNESSES: BELLE F. NELSON 2 COMMONWEALTH OF PENNSYLVANIA: : SS: COUNTY OF CUMBERLAND: We, Belle F. Nelson, the Testatrix, Mark R. Parthemer , and Donn L. Snyder , the witnesses, whose names are signed to the attached foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed, sealed, published, acknowledged, and declared the instrument as her First Codicil to her Last Will and Testament; and that she signed willingly and that she executed it as her free and voluntary act for the purposes therein expressed; and that each of the witnesses in the joint presence of each other and in the presence and hearing of the Testatrix, signed the instrument as witness to her First Codicil to her Last Will and Testament; and that to the best of their knowledge the Testatrix was at the time eighteen years of age or older, was of sound and disposing mind, memory and understanding, and was under no constraint or undue influence. DON~N L. SNyD~R~ MARK ~/PARTHEMER~itness Subscribed, sworn to and acknowledged before me, the undersigned officer, by BELLE F. NELSON, Testatrix, and subscribed and sworn to before me by Donn L. Snyder and Mark R. Parthemer , witnesses, in the presence of each other, this 8th day of Auqust , 1992. NOTARIAL SEAL SARAH E. APPLEBY. Notary Public My Commission Expires Dec. 13. 3994 Harrisburg,. PA Dauohin County 3 LAST WILL ~ TESTAMENT OF BELLE F. NELSON I, BELLE F. NELSON, of the Borough of Camp Hill, County of Cumberland and Commonwealth of Pennsylvania, being of sound and disposing mind and memory, and not acting under undue influence of any person whomsoever, do make, publish and declare this instrument to be my Last Will and Testament, in manner and form following: PRIOR WILLS FIRST: I hereby expressly revoke all Wills, Codicils and testamentary writings of whatsoever kind and nature heretofore made by me. DEBTS AND EXPENSES SECOND: I hereby direct my Executor, hereinafter named, to pay all my just debts, expenses of administration and funeral expenses out of my estate as soon as is practicable after my decease. TAXES THIRD: I direct that all estate, inheritance, transfer, legacy or succession taxes, or death duties, which may be assessed or imposed of, wheresoever situate, whether or not passing under this my Last Will and Testament, including the taxable value of all policies of insurance on my life and all transfers, powers, rights or interests includible in my estate for the purpose of such taxes and duties, shall be paid out of my general estate as an expense of administration, and without apportionment, and shall not be prorated or charged against any of the gifts in this Will or against any property not passing under this Will. In the absolute discretion of my Executor, hereinafter named, it may pay such taxes immediately or may postpone the payment of the taxes on future or remainder interests until the time possession accrues to the beneficiary or beneficiaries named herein. My Executor may, in its discretion, arrange for extension of time for the payment of said estate and inheritance taxes, and any interest and/or penalty incurred on any such taxes, whether or not resulting from such extensions or postponements, shall be borne by my estate as an expense of administration. RESIDUARY DISPOSITION FOURTH: Ail of the rest, residue and remainder of my estate including real, personal and mixed property, I give for the uses and purposes herein set forth: (1) Surviving Spouse. In the event my husband, FRITZ C. NELSON, survives me by thirty (30) days, I give the remainder of my estate as follows: Recognizing the value of minimizing Federal estate taxes by utilizing my unified credit, I hereby give all of my residuary estate to my husband FRITZ C. NELSON subject to the following limitation. My Executor is empowered to fund up to the maximum of my remaining unified credit a unified credit shelter trust. In such event, my residuary estate shall be divided into two parts: (a) Marital Deduction Qualified Terminable Interest Property Trust (i) My Executor shall dis- tribute to my husband, FRITZ C. NELSON, in trust, an amount from the assets of my estate which will at most equal the minimum amount necessary to reduce to the least possible amount the aggregate federal estate tax payable as a result of my death, including any -2- generation skipping transfers. My Executor may take into account as credits against such taxes all credits including any charitable credit, unified credit, and state death tax credit. Such assets shall be distributed on the basis of their fair market value on the date of such distribution or their value as finally determined for federal estate tax purposes, whichever is less. (ii) I hereby direct my Trustee to distribute all of the income to my husband, FRITZ C. NELSON at least quarter annually, unless he directs otherwise. Further, my Trustee shall distribute as much of the principal and accumulated income, if any, to my husband as my Trustee, in its sole discretion, determines to be necessary and desirable to permit him to maintain his usual standard of living, including the costs of any illness or accident which may afflict him. (ii) Upon the death of my husband, my Trustee shall distribute the then remaining principal, and any accumulated income as follows: (A) To the Executor of my husband's estate, an amount equal to the estate, inheri- tance, transfer, succession or other death taxes, payable by reason of the inclusion of part or all of the trust property in his estate. (B) The balance, if any, -3- after the payment required by subparagraph (A) has been made, shall be added to any amount then remaining in the Unified Credit Shelter Trust, established hereinafter, and distributed under the terms and provisions of this Will as though my said husband predeceased me. (b) Unified Credit Shelter Trust - (i) Any and all assets remaining after the Marital Deduction Trust outlined in subparagraph (1)(a) of Article FOURTH above shall be held in this, the Unified Credit Shelter Trust. All of the income from said Trust shall be made available to my husband to be used as he may wish. The principal of said Trust shall be held for the benefit of the beneficiaries as provided in subparagraph (2) below. However, my husband shall have the following limited powers to invade the principal. Specifically, he may invade the Trust principal for his maintenance, education, support and health care. (2) Predeceased Spouse. Should my husband predecease me, or not survive me by thirty (30) days, or survive me and subsequently die, then and in that event, my estate shall be distributed, IN TRUST, as set forth below: (a) This Trust shall be known as the FRITZ C. and BELLE F. NELSON Endowment Fund. (b) The following shall receive life estate income interests: (i) To my husband's brother, Floyd -4- Nelson, of Kane, Pennsylvania, monthly income of two hundred-fifty dollars or an amount equal to that which was given to him immediately prior to my death, whichever is greater; (ii) To my sister-in-law, Leona Nelson, of Jamestown, New York, monthly income of two hundred-fifty dollars or an amount equal to that which was given to her immediately prior to my death, whichever is greater; (iii) Upon the death of either or both of the above-named beneficiaries, their income share shall be divided equally and distributed per capita to three of my nieces and nephews. They are NANCY RUDOLPH of Kane, Pennsylvania, KAREN SCHATZ, of Emporium, Pennsylvania and PAUL NELSON, of Kane, Pennsylvania. (iv) To my friends, Florence Hasenkamp and Hilliard Hasenkamp, or the survivor of them, the sum of five hundred ($500.00) dollars per month. (v) Upon the death of the last survivor of all of the above-named beneficiaries, all such income gifts shall cease and all income distributed pursuant to subparagraph (c) hereof. (vi) The amounts of income payments established in this sub-paragraph (b) are considered by my spouse and me to be appropriate sums to be received by each beneficiary. Consequently these payments represent maximums and shall not be duplicated or otherwise increased whether paid from the trust established pursuant to the Will of either my spouse or me or a merger of the trusts. -5- (c) Income not required to satisfy sub-paragraph (b) above from the principal of the Trust shall only be distributed to organizations exempt from tax and charitable in nature in accordance with and having the status of designation under section 501(c)(3) of the Internal Revenue Code of 1986, as amended. Such income shall be distributed, for as long as the named beneficiaries so qualify, in the following manner. (i) One half to the Camp Hill Presbyterian Church, of Camp Hill, Pennsylvania, and (ii) amounts: One half in the following A. Fifteen (15%) percent thereof each to aid the Holy Spirit Hospital of the Sisters of Christian Charity, Camp Hill, Pennsylvania, Capital Health Systems, Harrisburg, Pennsylvania, Alzheimer Association, South Central Pennsylvania Chapter, Harrisburg, Pennsylvania and the American Bible Society, New York, New York. B. Eight (8%) percent thereof to each the Bethesda Mission of Harrisburg, Pennsylvania, Billy Graham Evangelism Association, Minneapolis, Minnesota, Robert H. Schuller Televangelism Association, Inc., Orange, California and the United Way of the Capital Region of Harrisburg, Pennsylvania. C. Four (4%) percent thereof to each the Salvation Army for use in the Harrisburg, Pennsylvania metropolitan area and Christian -6- Churchs United of the Tri-County Area for the HELP Ministry. (iii) Should any of the entities cease to qualify as a beneficiary of this Trust, its share shall be allocated to the remaining beneficiaries within its class. Failing that, its share shall be added to the class set forth in the subparagraph immediately preceding it. EXECUTOR AND TRUSTEE FIFTH: I hereby nominate, constitute and appoint DAUPHIN DEPOSIT BANK & TRUST COMPANY to be Executor of this my Last Will and Testament, I further hereby nominate, constitute and appoint DAUPHIN DEPOSIT BANK & TRUST COMPANY to be Trustee under this my Last Will and Testament. POSTING OF BOND SIXTH: I hereby direct that my Executor or my Trustee, as named by me herein, shall not be required to give bond or other security required by law or otherwise, for the faithful performance of their duties. TRUSTEE COMPENSATION SEVENTH: I direct that my Trustee is entitled to reasonable compensation and/or fees for services provided at the customary rates or charges then in effect. TRUSTEE POWERS EIGHTH: I give and grant unto my Trustee, for all trusts herein created the following powers, which shall be construed broadly and in addition to, and not in limitation of, their common law and statutory powers: (1) To allot, assign, care for, collect, contract with respect to, convey, convert, deal with, dispose of, enter into, exchange, hold, improve, invest, lease, manage, mortgage, grant and exercise options with respect to, take possession of, pledge, -7- receive, release, repair, sell, sue for and in general to do any and every act and thing and to enter into and carry out any and every agreement with respect to the property included in any trust created in this Will, which they could if they were t~e absolute owners thereof, without being limited in any way by the specific grants of power hereinafter made. (2) To retain for such time as in their judgment may seem advisable all or any part of my property as assets which at any time shall constitute a part of the trusts herein provided for. (3) To sell or exchange, either privately or at public sale and without prior approval of any court, at such time or times and at such price or prices, and on such terms and conditions as the Trustee may consider advisable, all or any part of the trust property, real, personal or mixed, and to execute, verify, acknowledge and deliver all deeds, bills of sale, or other documents which may be necessary or proper in the exercise of such powers without liability On the purchaser or purchasers to look to the application of the purchase price. (4) To manage any real property held by them in such manner as they may determine, including authority to alter, repair, maintain or improve such property as hereinafter set forth, to mortgage such property on such amount, on such conditions and at such rates of interest as they shall deem advisable; to abandon such property, to adjust boundaries, to erect or demolish buildings thereon, to convert for a different use, to dedicate for public use without compensation, to grant easements and rights-of-way, to waive payment for property taken by right of eminent domain and to claim and negotiate for payment for property, to enter into party-wall contracts, to protect out of the general funds of the trusts herein created, to insure or perfect title, and to charge the cost of any action taken with regard to any such property to principal or income as they may determine. To make all ordinary repairs, alterations or improvements against the principal of the trust herein created of which the property being repaired, altered or improved forms a part. (5) To lease any real estate subject to the trust herein created for such term or terms, and for such rental or rentals and under such covenants and agreements as may, in the discretion of the Trustee, be considered for the best interest of the trust estates. The Trustee shall recognize existing leases, but still -8- have the power to agree to modification of, or amendment to, the terms of existing leases or to extensions or renewal thereof. The Trustee shall have the authority to acquire by purchase, gift or otherwise, and to resell, receive, hold, manage and control real estate and other interest therein, subject to the Trusts, and do all things necessary or proper in the performance of such functions. (6) To invest, and from time to time to reinvest, to acquire and to retain temporarily or permanently the trust estates received or held by them in cash or in kind of real or personal property, foreign or domestic, including by way of illustration, but not by way of limitation, common or preferred stocks, investment trusts, mutual funds, common trust funds, voting trust certificates, bonds, mortgages, debentures, notes, unsecured obligations, wasting assets, or investments which are unproductive, overproductive or underproductive as in their discretion they may deem advisable, and without regard as to the proportion that any such investment may bear to the total trust funds or the relation it may bear to the type or character of other investments in the trust estates, or to the effect such investments may have upon the diversification of the investments in the trust estates and they shall not be restricted in their choice or investments to such investments as are permissible for fiduciaries under any present or future applicable law, it being my intention to give my Trustee power to act in such manner as they will believe to be for the best interest of the trust created herein. I hereby direct that my Trustee may, in addition to all the powers of investment herein given, maintain in my trust estate securities of the corporate fiduciary in any amount which the said Trustee within their discretion deem proper. (7) To pay income tax on gains from the sale or other conversion of capital assets out of the proceeds thereof. (8) To amortize, accelerate payment of, reduce, extend, modify, settle or liquidate any lien, encumbrance, mortgage or other charge against any real estate or other property which may be subject to these trusts. The Trustee shall specifically keep and perform all of the covenants, terms and conditions of any existing mortgage or mortgages upon said real estate, on the part of the mortgagor required to be kept and performed and shall have full power and authority, with the consent of the mortgagee or mortgagees, to refund, replace, extend or otherwise amend the -9- same, and to anticipate and accelerate any periodical payments therein required. (9) To subscribe for stock allotments and exercise all rights and privileges pertaining to securities which are available to the owner thereof. (10) To receive or make distribution of any trust herein created, either in money or in kind, or partly in money and partly in kind. The judgment of the Trustee as to what shall constitute an equitable distribution or apportionment shall be binding and conclusive upon the beneficiaries hereof. Nothing herein contained, however, shall empower the Trustees to make distribution before the time or times specified herein. (11) To pay, collect, compromise, sue for or contest any claim or other matter, directly or indirectly affecting the trusts. (12) To use income and/or principal to maintain in force any policies of life insurance which I may own on the life or lives of other persons or to receive in gift or purchase or maintain previously existing insurance or annuity contracts for the benefit of any beneficiary, primary or contingent, if the Trustees determine that the best interest of my family would be served by purchasing said contracts or by continuing such insurance in force, and to exercise all the powers given to the owner of such policies. (13) To employ counsel, auditors, accountants, appraisers, engineers, and other persons, professional or otherwise, as may be necessary for the proper administration of the trusts, and to pay their compensation from trust funds. (14) To borrow money and security therefore, to execute bonds and mortgages containing warrants of attorney, to confess judgment and to pledge personal property. (15) To incorporate any unincorporated business received from my estate. (16) To carry on and conduct any business enterprise in which I may be engaged at my death. -10- (17) As to each trust created herein, to exercise all the powers granted and all the duties imposed herein until such time after the termination of that trust as the property included in that trust has been fully distributed, and to do all other acts which in its judgment may be necessary or appropriate for the proper or advantageous management, investment or disposition of any property included in any trust created herein. EXECUTOR POWERS NINTH: I hereby give unto my Executor, hereinbefore named, and to my Trustee, hereinbefore named, the fullest power and authority in all matters or questions pertaining to the administration of my estate and trust, executing the provisions of this my Last Will and Testament, including, but not by way of limitation, the power and authority to determine all doubtful questions which may arise in the construction of this my Last Will and Testament, and the trust hereunder; I further hereby authorize and empower my Executor, pending settlement of my estate, to sell, convey, mortgage, lease, exchange, encumber or otherwise dispose of any and all of the property, real, personal or mixed at any time belonging to my estate, either at public or private sale, without prior approval of any court, and at such times and for such price or prices and in any such case upon such terms as it may determine to be best in its discretion, and I authorize and empower my said Executor to execute, acknowledge and deliver to the purchasers, grantees, mortgagees, vendees, assignees or other persons, such contracts, deeds, mortgages, bills of sale, and all other instruments of writing necessary or proper without obligation upon the latter to see to the proper application of the proceeds. It shall also have the power to compromise or otherwise settle or adjust any and all claims, charges, debts and demands whatsoever against, or in favor of my estate as fully as I could do if living. It shall further be empowered to carry on and conduct any business enterprise which I may be engaged in at my death, to retain any assets, including stocks or securities which I may own at the time of my death, pending settlement of my estate, without regard as to whether or not such assets or securities are legal investments for fiduciar- ies, and may make distribution in kind to my Trustee. Pending settlement of my estate, its shall also have the authority in its discretion to convert, sell, exchange or dispose of such assets and securities either for cash or for terms satisfactory to them and to acquire other assets without limitation to securities or -11- investments as may be declared legal for investment of trust funds. It shall further be empowered to borrow money, and to pledge assets of my estate as security therefor, for the purpose of paying taxes which may be levied upon or payable by my estate in accordance with this Will and in the event that funds in the hands of my Executor, shall be insufficient to pay such taxes, and if, in the opinion of my Executor, it appears that conversion of securities and other assets, real and personal, would then be made at a sacrifice. Should my husband, FRITZ C. NELSON survive me, my Executor shall be authorized, in its sole, exclusive and unrestricted discretion, to determine whether to elect Section 2056(b)(7) of the Internal Revenue Code of 1986, as amended, or any corresponding provision of state law, to qualify all or a specific portion of the trust created in Article FOURTH, paragraph l(a) of this Will for the federal estate tax marital deduction and any marital deduction available under law of the applicable state. I suggest, but do not direct, that in exercising such discretion, my Executor attempt to minimize or eliminate the federal and state taxes payable by my estate at. the time of my death. However, my Executor should also consider the effect of its election upon the taxes payable by my wife's estate at her death. The decision of my Executor shall be final and conclusive upon all persons whose interests in my estate are directly or indirectly affected hereby. SIMULTANEOUS DEATH TENTH: Any person, other than my husband, who shall have died within thirty (30) days of my death, shall be deemed to have predeceased me. If my husband and I die simultaneously, or under such circumstances that the order of our deaths cannot be established by proof, my I shall be deemed to have survived me. In any case, if my husband and I have established identical trusts, such trusts may be merged, combined and administered as one. Any person (other than myself) who shall have died at the same time as any then recipient of income or in a common disaster with such beneficiary, or under such circumstances that it is difficult or impossible to determine who died first, shall be deemed to have predeceased such beneficiary. -12- SPENDTHRIFT PROVISION ELEVENTH: The rights, titles, benefits, interests and estates of any beneficiary hereunder, including beneficiaries under the trusts herein created shall not be subject to the rights or claims of his or her creditors nor subject nor liable to any process of law or court, and all of the income, principal or other benefits from or under any trust herein created, shall be payable, and deliverable only, wholly, exclusively and person- ally to the designated beneficiaries hereunder at the time the designated beneficiaries are entitled to take the same under the terms of this instrument. IN WITNESS W~EREOF, I have hereunto set my hand and seal this ~ day of July, 1992. BELLE F. NELSON SIGNED, SE~D, PUBLISHED AND DECLARED by the above-named Testator, BELLE F. NELSON, as and for her Last Will and Testament, consisting of fourteen (14) pages, in the presence of us, who at her request, in her presence and in the presence of each~other, all ~eing present at the same time, have hereunto set N~~/~/~~AddreSs ~/~×~- - -13- COMMONWEALTH OF PENNSYLVANIA: : COUNTY OF DAUPH I N : SS: We, BELLE F. NELSON, the Testatrix and Donn L Snyder , and Mark R Parthemer the witnesses, whose names are signed to the attached foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed, sealed, published, acknowledged, and declared the instrument as her Last Will and Testament; and that 'she signed willingly and that she executed it as her free and voluntary act for the purposes therein expressed; and that each of the witnesses in the joint presence of each other and in the presence and hearing of the Testatrix, signed the instrument as witness to her Last Will and Testament; and that to the best of their knowledge the Testatrix was at the time eighteen years of age or older, was of sound and disposing mind, memory and understanding, and was under no constraint or undue influence. rk R. Parthemer Witness / Subscribed, sworn to and acknowledged before me, the undersigned officer, by BELLE F. NELSON, the Testatrix, and subscribed and sworn to before me by Dorm L Snyder and Mark R Parthemer the'~witnesses, in the presence of each other, this 9th day of July, 1992. ~ / No~ry Public ~/~ ~'~R3'TARIAL SEAL Maronetta F. Miller, Notary Public Harrisburg, PA Dauphin County My Commission Expires Nov. 21, 1995 COMMONWEALTH OF PENNSYLVANIA DEPARTMENTOFREVENUE BUREAU OFINDIVIDUAL TAXES DEPT 280601 HARRISBURG, PA 17128-0601 RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO. CD 004336 M&T TRUST COMPANY SUCCESSOR BY ONE WEST HIGH STREEET CARLISLE, PA 17013 ........ fold ESTATE INFORMATION: SSN: 182-40-9714 FILE NUMBER: 2104- 0636 DECEDENT NAME: NELSON BELLE F DATE OF PAYMENT: 09/02/2004 POSTMARK DATE: 09/02/2004 COUNTY: CUMBERLAND DATE OF DEATH: 06/06/2004 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 $15,000.00 REMARKS: TOTAL AMOUNT PAID: 5,000.00 SEAL CHECK# 083557786 INITIALS: JA RECEIVED BY: GLENDA FARNER STRASBAUGH REGISTER OF WILLS REGISTER OF WILLS IN RE: ESATE OF BELLE F. NELSON IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION No. 21-04-0636 CERTIFICATION OF NOTICE UNDER RULE 5.6(a) Name of Decedent: BELLE F. NELSON Date of Death: JUNE6,2004 To the Register: I certify that notice of estate administration required by Rule 5.6(a) of the Orphans' Court Rules was served on or mailed to the beneficiary of the above-captioned estate on September 2, 2004: Name Address Mark A. Pacella, Chief Attorney General Charitable Trusts and Organization Section Strawberry Square Harrisburg, PA 17120 Thomas E. Morkin, Vice President Manufacturers and Traders Trust Company, Successor by Merger to Dauphin Deposit Bank & Company, as Trustee Under Will One West High Street Carlisle, PA 17013 Notice has been given to all persons known to the undersigned to be entitled thereto under Rule .~f~6. (a) Saul Ewing LLP Post Office Box 1291 Harrisburg, PA 17108-1291 Attorney for Estate 62176 2 9/1/04 REV.1500 EX (6-00) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT :~"-l'O OFFICIAL USE ONLY FILE NUMBER 2 1 _ 0 4 00636 COLNTY CODE YEAR ~BER DECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER I- Z NELSON, BELLE F. 182-40-9714 W DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR) THIS RETURN MUST BE FILED IN DUPUCATE WITH THE C W 06-06-2004 03-14-1909 REGISTER OF WILLS U W (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER C w IZI 1. Original Return 0 2. Supplemental Return 0 3 Remainder Return (dale of death prior to 12.13-82) f-o ",,,,,, 0 4 Limited Estate 0 43. Future Interest Compromise (date 01 death after 12-12-82) [X] 5 Federal Estate Tax Return Required u"'''' wo.u IZI 0 ",00 6 Decedent Died Testate (Allach copy of Will) 7. Deeedent Maintained a Living Trust (Altaeheopy ofTrusl) ~ 8. Total Number of Safe Deposit Boxes u"'~ 0."' 0. 0 9. Litigation Proceeds Received 0 10. Spousal Poverty Credit (date of dealhbelween 12.31.91 and 1-1.95) 0 11. Electioo to tax under See. 9113(A) (Attach Seh 0) <( f-o THIS SECrIONMuSr,l3E,coMpi;mD,Ati.,cORRESPoNDENcE'.<\ND,coNFIDEII'J"Ji!i;t~1NFORMArloNSIlOULD'ee, DIRECTED TO: z NAME COMPLETE MAILING ADDRESS w 0 KEVIN M. SCOTT, ESQUIRE z P.O. BOX 1291 0 FIRM NAME (If Applicable) 0. HARRISBURG, PA 17108-1291 '" SAUL EWING LLP w '" '" TELEPHONE NUMBER 0 u 717.257.7551 I. Real Estate (Schedule A) (1) 0.00 OFFICIAL USE ONLY 2. Stocks and Bonds (Schedule B) (2) 1,589,352 .75 3. Closely Held Corporation, Partnership or Sole-Proprietorship (3) 0.00 4. Mortgages & Notes Receivable (Schedule D) (4) 0.00 5 Cash, Bank Deposrts & Miscellaneous Persooal Property (5) 2,321.41 Z (Schedule E) .- , 0 - 6 Jointly Owned Property (Schedule F) 0 .00 .. ~ (6) o Separate Billing Requested I ., , ('..") ::J 7 Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) 1, 145, 951.78 ',."",. ~ iScheduleGorL) a: 8. Total Gross Assets (total lines 1 . 7) (8) 2,737,625.94 <( U 9 Funeral Expenses & Administrative Costs (Schedule H) (9) 114, 853 .20 W 0:: 10. Debts of Decedent, Mortgage liabilities, & liens (Schedule I) (10) 50.70 II Total Deductions (total lines 9 & 10) (11) 114, 903 .90 .--- - 12 Net Value of Estate (Line 8 minus Line 11) (12) 2, 622, 722 .04 13. Charitable and Governmental Bequests/See 9113 Trusts foc which an election to tax has not been (13) 2,514,385.04 made (Schedule J) 14. Net Value Subject to Tax (Line 12 minus Line 13) (14) 108,337. 00 SEE INSTRUCTIONS FOR APPUCABLE RATES Z 0 15. Amount of Line 14 taxable at the spousal tax 0 .0 45 !;t rate, or transfers under Sec. 9116 (a)(1.2) X (15) O. 00 I-' 16. Amount of Line 14 taxable at lineal rate 0 X .0 45 (16) 0.00 ::J a.. 17. Amoont of Line 14 taxable at sibling rate 0 X .12 (17) 0.00 :iE 0 18 Amount of Line 14 taxable at collateral rate 108, 337.00 X .15 (18) 16,250.55 U .... ~ 19. Tax Due (19) 16,250.55 20.0 !'CHECk'HERE!IF't'(jl,lP.RE'R:Ec!lliE!smll'liS'A'R:EFUND.OFAN'OV!!R:PA't'J\I!E!Nfl STFPA42021F.1 > > BE SURE TO ANSWER ALL QUESTIONS ON REVERSE SlOE ANO RECHECK MATH < < \/\;\ 'f'."\~ Decedent's Complete Address: STREET ADDRESS CHURCH OF GOD NURS ING HOME 801 NORTH HANOVER STREET CITY I STATE I ZIP 17013 CARLISLE PA Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit 8. Prior Payments C. Discount (1) 16,250.55 15,000.00 750.00 Total Credits (A + 8 + C) (2) 15,750.00 3. InteresUPenalty if applicable D. Interest E. Penalty TotallnteresUPenalty (0 + E) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 Line 20 to request a refund (4) 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE, (5) 0.00 0.00 500.55 A. Enter the interest on the tax due. (5A) 8. Enter the total of Line 5 + 5A. This is the 8ALANCE DUE. (58) Make Check Payable to: REGISTER OF WILLS, AGENT 500.55 PLEASE ANS\NER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes a. retain the use or income of the property transferred; . . . . . . . . .. IX] b. retain the right to designate who shall use the property transferred or its income; . IX] c. retain a reversionary interest; or 0 d. receive the promise for life of either payments, benefits or care? 0 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ................................................ 0 3. Did decedent own an "in trust for' or payable upon death bank account or security at his or her death? . . . .. 0 4. Did decedent own an Individual Retirement Account, annuity, or other non.probate property which contains a beneficiary designation? .. .. . .. . .. .. .. .. . .. .. .. . IX] 0 IF THE ANSWER TO mf OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Under pena~ies of perjury, I d Ia-e that I have examined this return, including aCCOO1pan~ng schedules and statements, and to the best of my knO'Nledge and belief, it is true, correct and complete, Oeclaratioo of prepa th the personal representative is based on all information of which preparer has any knowIed e. SIGNATU F P SO ONSI FO F G RETURN No o o [ZJ [ZJ [ZJ [XI DATE 03 0 05 COMPANY DATE 03- 'L-c05 ADDRESS SAUL EWING LLP, P.O. BOX 1291, HARRISBURG, PA 17108-1291 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 3% [72 P.S. 99116 (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 survivin9 spouse is 0% [72 P.S. 99116 (a) (1.1) (ii)]. The statute does not exemot 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-<Jne 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% [72 P.S. 99116(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%, except as noted in 72 P.S. 99116(1.2) [72 P.S. 99116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. 99116(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. STFPA42021F.2 REV-1503 EX + (1-97) (I) COMMONVI'EALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF BELLE F. NELSON FILE NUMBER 21-04 00636 All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION 1. M&T - CASH (SEE ATTACHED) VALUE AT DATE OF DEATH 46,272.87 2 . M&T - REVOCABLE TRUST OF BELLE NELSON (SEE ATTACHED) 1,543,079.88 TOTAL (Also enter on line 2, Recapitulation) $ 1, 589 , 352 . 75 (If more space is needed, insert additional sheets of the same size) STFPA42021F.4 Estate Valuation 06/06/2004 06/06/2004 07/09/2004 Date of Death: Valuation Date; Processing Date, Estate of, Nelson, Belle F TUA Account: 1104672159 Report Type; Date of Death Number of Securities: 21 File 10: Nelson,Belle F TUA Shares or Par Security Description Mean and/or Div and Int Adjustments Accruals Security Value High/ASk Low/Bid 11 44000 UNITED STATES SVG SD SER HH (912550GC8) DTD: 03/01/1992 Mat, 03/01/2012 06/06/2004 100.00000 Bid 100.000000 44,000.00 21 141 ANADARKO PETE CORP (032511107) COM NYSE 06/04/2004 06/07/2004 55.17000 H/L 55.32000 H/L 56.05000 56.61000 55.787500 7,866.04 Prices for 06/07/2004 adjusted up for dividend(s): 0.14 3) 1056 EXXON MOBIL CORP (30231G102) COM NYSE 06/04/2004 06/07/2004. 43.21000 H/L 43.62000 H/L 43.59000 44.00000 4.3.605000 46,046.88 Div: 0.27 Ex; 05/11/2004 Rec, 05/13/2004 Pay, 06/10/~004 285.12 4) 220 MIDCAP SPDR TR (595635103) UNIT SER 1 ASE 06/04/2004 109 .23000 108 .27000 HIL 06/07/2004 110 .50000 109 .08000 HIL 109.270000 24,039.40 51 107 NORTHROP GRUMMAN CORP (666807102) COM NYSE 06/04/2004 104 .39000 103.62000 HIL 06/07/2004 105 .00000 :03.91000 H/L 104.230000 11,152.61 61 369 UNION PAC CORP (907818108) COM NYSE 06/04/2004 59 .39000 58 .85000 HIL 06/07/2004 60 .43000 59 .43000 HIL 59.525000 21,964.73 Prices for 06/07/2004 adjusted up for dividend(s) , 0.3 71 787 BP PLC (055622104) SPONSORED ADR NYSE 06/04/2004 53 .74000 53 .10000 HIL 06/07/2004 54 .00000 53 .60000 HIL 53.610000 42,191. 07 Div: 0.405 Ex: 05/12/2004 Rec: 05/14/2004 Pay: 06/07/2004 318.74 81 3014.422 AMERICAN CENTY CAP PORTFOLIOS (025076209) EQUITY INC INS NASDAQ 06/04/2004 7.86000 Bid 7.860000 23,693.36 91 664.538 LOOMIS SAYLES FDS I (543495816) SML CP VAL INS NASDAQ 06/04/2004 24.44000 Bid 24.440000 16,241. 31 101 6867.17 MTB GROUP FDS (55376T601) EQTY INCM II NASDAQ 06/04/2004 9.69000 Bid 9.690000 66,542.88 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 7.0.2) Date of Death: valuation Date: Processing Date: 06/06/2004 06/06/2004 07/09/2004 Shares or Par Security Description 111 22222.714 MTB GROUP FDS (55376T692) LCP STK I I NASDAQ 06/04/2004 121 3342.125 MTB GROUP FDS (55376T510) MID CP GRW I I NASDAQ 06/04/2004 131 4469.763 MTB GROUP FDS (55376T379) MOL CP GRW I I NASDAQ 06/04/2004 141 1525.378 MTB GROUP FDS (55376T148) S CP GRW INS I NASDAQ 06/04/2004 151 1302.727 HARBOR FD (411511306) INTL FD INSTL NASDAQ 06/04/2004 161 13926.379 MTB GROUP FDS (55376T858) INCOME I I NASDAQ 06/04/2004 171 13804.079 MTB GROUP FDS (55376T817) INTRM BD I I NASDAQ 06/04/2004 181 14279.716 MTB GROUP FDS (55376T221) SHR DUR GV I I NASDAQ 06/04/2004 191 13977.42 MTB GROUP FDS (55376T189) STRM CORP BD I I NASDAQ 06/04/2004 201 14639.494 MTB GROUP FDS (55376V705) USGVBDII NASDAQ 06/04/2004 211 16321.168 MTB GROUP FDS (55376T288) PA MUN BD I I NASDAQ 06/04/2004 221 17491.03 MTB MONEY MARKET (55376T429) INST I FD #420 - Principal Portfolio 231 28781.84 MTB MONEY MARKET (55376T429) INST I FD #420 - Income Portfolio Total Value: Total Accrual: Total: $1,589,956.61 High/Ask Low/Bid 9.10000 Bid 13 .68000 Bid 14.26000 Bid 18.31000 Bid 37.27000 Bid 9.86000 Bid 9.95000 Bid 9.61000 Bid 9.81000 Bid 9.38000 Bid 10.10000 Bid Estate of: Nelson, Belle F TUA Account: 1104672159 Report Type: Date of Death Number of Securities: 21 File ID: Nelson,Belle F TUA Mean and/or Div and Int Adjustments Accruals 9.100000 13 .680000 14.260000 18.310000 37.270000 9.860000 9.950000 9.610000 9.810000 9.380000 10.100000 1.000000 1.000000 $603.86 Security Value 202,226.70 45,720.27 63,738.82 27,929.67 48,552.64 137,314.10 137,350.59 137,228.07 137,118.49 137,318.45 164,843.80 17,491.03 28,781.84 $1,589,352.75 REV-15G8 EX + (1-97) (I) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF BELLE F. NELSON FILE NUMBER 21-04 00636 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must. be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. CHURCH OF GOD - REFUND 1,671.82 2. HIGHMARK - REFUND 529.59 4 . GOLD AND GARNET RING 120.00 STFPA42021F,9 TOTAL (Also enter on line 5, Recapitulation) $ (If more space IS needed, Insert additional sheets of the same size) 2,321.41 REV-1510 EX + (1-97) (Il COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER.VIVOS TRANSFERS & MISC. NON.PROBATE PROPERTY ESTATE OF BELLE F. NELSON FILE NUMBER 21-04 00636 This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side oflhe REV-1500 COVER SHEET is yes. DESCRIPTION OF PROPERTY %OF ITEM II'.CLUDE THE ~E OF TrE TRANSFEREE, HEIR RELATIONSHIP TO DECEDENT AND THE DATE DATE OF DEATH OECO'S EXCLUSION TAXABLE VALUE NUMBER OF TRANSFER. ATTACH A COPY OF TrE DEED FOR REJlJ. ESTATE VALUE OF ASSET INTEREST (IF APPLICABLE) 1. METROPOLITAN LIFE ANNUITY 1,112.57 100% 1,112.57 2. M&T - UNIFIED CREDIT OF FRITZ NELSON* 546,766.48 100% 546,766.48 3. ASSETS - M&T QTIP OF FRITZ NELSON* 598,072.73 100% 598,072.73 * ASSETS BEING INCLUDED IN DECEDENT'S ESTATE AS THEY ARE BOTH SPOUSAL USE TRUSTS OF FRITZ C. NELSON (FILE NO. 21-96-0065B) (SEE ATTACHED) TOTAL (Also enter on line 7. Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 1 145 951.78 STFPA42021F,11 Date of Death: Valuation Date: Processing Date: 06/06/2004 06/06/2004 02/28/2005 Shares Security or Par Description 11 3654.08 MTB GROUP FDS (55376T601) EQTY INCM I I Mutual Fund (as quoted by NASDAQ) 06/04/2004. 21 15701.4.1 MTB GROUP FOS (55376T692) LCP STK I I Mutual Fund (as quoted by NASDAQ) 06/04/2004. 31 989.12 MTB GROUP FDS (55)76T510) MID CP GRW I I Mutual Fund (as quoted by NASDAQ) 06/04/2004 41 3183.41 MTB GROUP FDS (55376T379) MUL CP GRW I I Mutual Fund (as quoted by NASDAQ) 06/04/2004 51 375.263 HARBOR FD (4.11511306) INTL FD INSTL Mutual Fund (as quoted by NASDAQ) 06/04./2004. 61 28863.057 MTB GROUP FDS (55376T288) PA MUN BD I I Mutual Fund (as quoted by NASDAQ) 06/04/2004 71 1302.07 MTB Money Market (55376T4.29) INST I FD #4.20 - Principal Portfolio 81 2743.83 MTB Money Market (55376T4.29) INST I FD #420 - Income Portfolio Total Value: Total Accrual: Total: $54.6,766.4.8 Estate Valuation High/Ask Estate of: F.e. Nelson, T/W Unified Credit Account: 75263 Report Type: Date of Death Number of Securities: 6 File IO: Nelson, FCTW Unified Credit Low/Bid Mean and/or Div and lot Adjustments Accruals 9.69000 Mkt 9.690000 9.10000 Mkt 9.100000 13 .68000 Mkt 13 .680000 14.26000 Mkt 14.260000 37.27000 Mkt 37.270000 10.10000 Mkt 10.100000 1.000000 1.000000 $0.00 Security Value 35,408.04. 14.2,882.83 13,531.16 4.5,395.43 13,986.24 291,516.88 1,302.07 2,743.83 $54.6,766.48 Estate Valuation Date of Death: Valuation Date: Processing Date' 06/06/2004 06/06/2004 07/09/2004 Shares or Par Security Description High/Ask 11 1357.368 AMERICAN CENTY CAP PORTFOLIOS (025076209) EQUITY INC INS NASDAQ 06/04/2004 2) 349.908 BRIDGEWAY FD INC (108747403) ULTRA SML MKT NASDAQ 06/04/2004 3) 216.263 LOOMIS SAYLES FOS I (543495816) SML CP VAL INS NASDAQ 06/04/2004 4) 4859.611 MTB GROUP FDS (55376T601) EQTY INCM I I NASDAQ 06/04/2004 5) 3397.508 MTB GROUP FDS (55376T882) EQ INDEX I I NASDAQ 06/04/2004 6) 11688.044 MTB GROUP FOS (55376T692) LCP STK I I NASDAQ 06/04/2004 7) 765.111 MTB GROUP FDS (55376T510) MID CP GRW I I NASDAQ 06/04/2004 8) 4732.103 MTB GROUP FOS (55376T379) MUL CP GRW I I NASDAQ 06/04/2004 9) 266.241 MTB GROUP FOS (55376T148) S CP GRW INS I NASDAQ 06/04/2004 10) 29149.928 MTB GROUP FOS (55376T288) PA MUN BD I I NASDAQ 06/04/2004 11) 11084.23 MTB Money Market (55376T429) INST I FO #420 - Principal Portfolio 12) 2873.04 MTB MONEY MARKET (55376T429) INST I FO #420 - Income Portfolio Total Value: Total Accrual: Total: $598,072.73 Low/Bid 7.86000 Bid 15.73000 Bid 24.44000 Bid 9.69000 Bid 9.41000 Bid 9.10000 Bid 13 .68000 Bid 14.26000 Bid 18.31000 Bid 10.10000 Bid Estate of: Nelson, FC TW QTIP TRUST Report Type: Date of Death Number of Securities: 10 File 10: Nelson, Fe TW QTip Trust Mean and/or Div and Int Adjustments Accruals 7.860000 15.730000 24.440000 9.690000 9.410000 9.100000 13.680000 14 .260000 18.310000 10.100000 1.000000 1.000000 Security Value 10,668.91 5,504.05 5,285.47 47,089.63 31,970.55 106,361.20 10,466.12 67,479.79 4,874.87 294,414.27 n,084.23 2,873.04 $598, 012.73 $0.00 REV-1511 EX + (1-97){1) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF BELLE F. NELSON FILE NUMBER 21-04 00636 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. GRAVE OPENING 870.00 2. MYERS HARNER FUNERAL HOME 8,682.00 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s} M & T Social Security Number(s) ( EIN Number of Personal Representative{s) Street Address City CARLISLE StatePA Zip 17013 Year(s) Commission Paid: 2005 47,000 2. AIIorney Fees 47,000 3. Family Exemption: (~decedenfs address is not the same as claimant's, attach explanation) Claimant Street Address Cijy State Zip Relationship of Claimant to Decedent 4. Probate Fees 938.50 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. INTERNAL REVENUE SERVICE - FILING FEE FOR LETTER RULING 500.00 8. M&T - FEES FOR CREDIT SHELTER FROM 6/04 - 2/05 4,259.54 9. M&T - FEES FOR QTIP TRUST 4,631.96 10. M&T - FEES FOR ESTATE 887.20 11. REGISTER OF WILLS - DEATH CERTIFICATES 54.00 12. IBIS - APPRAISAL SERVICE 30.00 TOTAL (Also enter on line 9, Recapitulation) $ 114 853.20 STFPA42021F,12 (If more space IS needed, Insert additional sheets of the same Size) REV-1512 EX + (1-97) (I) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS ESTATE OF BELLE F. NELSON FILE NUMBER 21-04 00636 I"dude u"reimbursed medical expenses. ITEM NUMBER DESCRIPTION AMOUNT 50.70 1. BROCKIE PHARMACY STF PA42021 F.13 TOTAL (Also enteron line 10, Recapitulation) $ (If more space IS needed, Insert additional sheets of the same size) 50.70 REV.1513 EX + (9..00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF BELLE F NELSON FILE NUMBER 21-04 00636 RELATIONSHIP TO DECEDENT NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) I. TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)) NANCY RUDOLPH 1. 613 WESTWIND ROAD KANE, PA 16735 2. KAREN SCHATZ 2939 RICH VALLEY ROAD EMPORIUM, PA 15834 3. PAUL NELSON 410 JANEWAY STREET KANE, PA 16735 AMOUNT OR SHARE OF ESTATE LIFE-INCOME NIECE BENEFICIARY ONLY LIFE-INCOME NIECE BENEFICIARY ONLY LIFE-INCOME NEPHEW BENEFICIARY ONLY ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET II. NON-TAXABLE DISTRIBUTIONS: A SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. SEE ATTACHED TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ (If more space is needed, insert additional sheets of the same size) STFPA42021F14 2,532,979.41 2 532 979.41 SCHEDULE J BENEFICIARIES II. NON-TAXABLE DISTRIBUTIONS: B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS I. HOLY SPIRIT HOSPITAL OF THE SISTERS OF CHRISTIAN CHARITY 7.5% 503 N. 21 ST STREET CAMPHILL,PA 17011 2. PINNACLE HEALTH SYSTEM 7.5% 17 S. MARKET STREET HARRISBURG, PA 17101 3. ALZHEIMER ASSOCIATION 7.5% 3544 N. PROGRESS AVENUE HARRISBURG, PA 17110-9480 4. AMERICAN BIBLE SOCIETY 7.5% 1865 BROADWAY NEW YORK, NY 10023 5. BETHESDA MISSION OF HARRISBURG 4.0% 1500 N. SECOND STREET HARRISBURG, PA 17102 6. BILLY GRAHAM EVANGELISM ASSOCIATION 4.0% 1 BILLY GRAHAM PARKWAY CHARLOTTE, NC 28201 7. ROBERT H. SCHULLER TELEVANGELISM ASSOCIATION 4.0% CRYSTAL CATHEDRAL P.O. BOX 100 GARDEN GROVE, CA 92842-0100 8. UNITED WAY OF THE CAPITAL REGION 4.0% 2235 MILLENNIUM WAY ENOLA, P A 17025 9. THE SALVATION ARMY 2.0% 1122 GREEN STREET HARRISBURG, PA 17102 ATTN: MAJORRONDAKE 10. CHRISTIAN CHURCHES UNITED OF THE TRI-COUNTY AREA 2.0% FOR THE HELP MINISTRY 413 S. 19TH STREET HARRISBURG,PA 17104 II. CAMP HILL PRESBYTERIAN CHURCH 50.0% 101 NORTH 23RD STREET CAMPHILL,PA 17011 REV-1514 EX + (1-97}{I) COMNlONWEALTH OF PENNSYLVANIA INHERJTANCE TAA RETURN RESIDENT DECEDENT SCHEDULE K LIFE ESTATE, ANNUITY & TERM CERTAIN (Check Box 4 on Rev-1500 Cover Sheet) ESTATE OF FILE NUMBER BELLE F. NELSON 21-04 00636 This schedule is to be used for all single life, joint or successive life estate and term certain calculations. For dates of death prior to 5-1-89, actuarial factors for single life calculations can be obtained from the Department of Revenue, Specialty Tax Unit. Actuarial factors can be found in IRS Publication 1457, Actuarial Values, Alpha Volume for dates of death on or after 5-1-89. Indicate the type of instrument which created the future interest below and attach a copy to the tax return. [1gWiIl Dlntervivos Deed ofTrust 0 Other >UItEESTATE.INTEREST!CAilicui..ATI!DN NAME(S) OF NEAREST AGE AT TERM OF YEARS LIFE ESTATE IS LIFE TENANT(S) DATE OF BIRTH DATE OF DEATH PAYABLE NANCY RUDOLPH 05 01 1953 51 IZI Life or o Term ofVears KAREN SCHATZ 01 11 1965 39 IZI Life or o Term ofVears PAUL NELSON 12 15-1947 56 IZI Life or 0 Term of Vears o Life or o Term ofVears 1. Value of fund from which life estate is payable 2. Actuarial factor per appropriate table Interest table rate - 03 1/2% 06% 0 10% 3. Value of life estate (Line 1 multiplied by Line 2) $ o Variable Rate % $ SEE ATTACHED NAME(S) OF ANNUITANT(S) DATE OF BIRTH NEAREST AGE AT DATE OF DEATH TERM OF YEARS ANNUITY IS PAYABLE o Life or 0 Term of Vears o Life or 0 Term of Vears o Life or OTerm ofVears o Life or o Term ofVears 1. Value of fund from which annuity is payable 2. Check appropriate block below and enter corresponding (number) Frequency of payout - o Weekly (52) 0 Bi-weekly (26) IZIQuarterly (4) 0 Semi-annually (2) o Annually (1) 3. Amount of payout per period 4. Aggregate annual payment, Line 2 multiplied by Line 3 5. Annuity Factor (see instructions) Interesttable rate 031/2% 06% 010% 6. Adjustment Factor (see instructions) 7. Value of annuity -If using 3 1/2%, 6%, 10%, or if variable rate and period payout is at end of period, calculation is: Line 4 x Line 5 x Line 6 If using variable rate and period payout is at beginning of period, calculation is: (Line 4 x Line 5 x Line 6) + Line 3 $ o Monthly (12) IZI Other ( ) 4 $ 0.00 o Variable Rate % $ $ NOTE: The values of the funds which create the above future interests must be reported as part of the estate assets on Schedules A through G of this tax return. The resulting life or annuity interest(s) should be reported at the appropriate tax rate on Lines 13, 15,16 and 17. (If more space is needed, insert additional sheets of the same size) STFPA42021F.15 ESTATE OF BELLE F. NELSON FILE NUMBER 21-0400636 SCHEDULE K - LIFE ESTATE, ANNUITY & TERM CERTAIN 3. Value of life estate Under the Last Wills and Testaments of Fritz C. Nelson and Belle F. Nelson, the dispositive provisions provide that a total of $6,000.00 is to be paid out annually in equal shares to the three income beneficiaries. All remaining annuity payments and the remainder interest are to be paid to the charities named in their Wills. This is the only portion of the decedent's estate that is taxable for Pennsylvania purposes. The present value of the $6,000.00 annuity based on the three individuals lives is calculated to be $108,337.00. LAST WILL AND TESTAMENT OF BELLE F. NELSON I, BELLE F. NELSON, of the Borough of Camp Hill, County of Cumberland and Commonwealth of Pennsylvania, being of sound and disposing mind and memory, and not acting under undue influence of any person whomsoever, do make, publish and declare this instrument to be my Last Will and Testament, in manner and form following: PRIOR WILLS FIRST: testamentary made by me. I hereby expressly revoke all Wills, Codicils and writings of whatsoever kind and nature heretofore DEBTS AND EXPENSES SECOND: I hereby direct my Executor, hereinafter named, to pay all my just debts, expenses of administration and funeral expenses out of my estate as soon as is practicable after my decease. TAXES THIRD: I direct that all estate, inheritance, transfer, legacy or succession taxes, or death duties, which may be assessed or imposed of, wheresoever situate, whether or not passing under this my Last Will and Testament, including the taxable value of all policies of insurance on my life and all transfers, powers, rights or interests includible in my estate for the purpose of such taxes and duties, shall be paid out of my general estate as an expense of administration, and without apportionment, and shall not be prorated or charged against any of the gifts in this Will or against any property not passing under this Will. In the absolute discretion of my Executor, hereinafter named, it may pay such taxes immediatelY or "may postpone the payment of the taxes on future or remainder interests until the time possession accrues to the beneficiary or beneficiaries named herein. My Executor may, in its discretion, arrange for extension of time for the payment of said estate and inheritance taxes, and any interest and/or penalty incurred on any such taxes, whether or not resulting from such extensions or postponements, shall be borne by my estate as an expense of administration. RESIDUARY DISPOSITION FOURTH: All of the rest, residue and remainder of my estate including real, personal and mixed property, I give for the uses and purposes herein set forth: (1) Surviving Spouse. In the event my husband, FRITZ C. NELSON, survives me by thirty (30) days, I give the remainder of my estate as follows: Recognizing the value of minimizing Federal estate taxes by utilizing my unified credit, I hereby give all of my residuary estate to my husband FRITZ C. NELSON subject to the following limitation. My Executor is empowered to fund up to the maximum of my remaining unified credit a unified credit shelter trust. In such event, my residuary estate shall be divided into two parts: (a) Marital Deduction Qualified Terminable Interest Property Trust (i) My Executor shall dis- tribute to my husband, FRITZ C. NELSON, in trust, an amount from the assets of my estate which will at most equal the minimum amount necessary to reduce to the least possible amount the aggregate federal estate tax payable as a result of my death, including any -2- generation skipping transfers. My Executor may take into account as credits against such taxes all credits including any charitable credit, unified credit, and state death tax credit. Such assets shall be distributed on the basis of their fair market value on the date of such distribution or their value as finally determined for federal estate tax purposes, whichever is less. (ii) I hereby direct my Trustee to distribute all of the income to my husband, FRITZ C. NELSON at least quarter annually, unless he directs otherwise. Further, my Trustee shall distribute as much of the principal and accumulated income, if any, to my husband as my Trustee, in its sole discretion, determines to be necessary and desirable to permit him to maintain his usual standard of living, including the costs of any illness or accident which may afflict him. (ii) Upon the death of my husband, my Trustee shall distribute the then remaining principal, and any accumulated income as follows: (A) To the Executor of my husband's estate, an amount equal to the estate, inheri- tance, transfer, succession or other death taxes, payable by reason of the inclusion of part or all of the trust property in his estate. (B) The balance, if any, -3- after the payment required by subparagraph (A) has been made, shall be added to any amount then remaining in the Unified Credit Shelter Trust, established hereinafter, and distributed under the terms and provisions of this Will as though my said husband predeceased me. (b) Unified Credit Shelter Trust - (i) Any and all assets remaining after the Marital Deduction Trust outlined in subparagraph (l)(a) of Article FOURTH above shall be held in this, the Unified Credit Shelter Trust. All of the income from said Trust shall be made available to my husband to be used as he may wish. The principal of said Trust shall be held for the benefit of the beneficiaries as provided in subparagraph (2) below. However, my husband shall have the following limited powers to invade the principal. Specifically, he may invade the Trust principal for his maintenance, education, support and health care. (2) Predeceased Spouse. Should my husband predecease me, or not survive me by thirty (30) days, or survive me and subsequently die, then and in that event, my estate shall be distributed, IN TRUST, as set forth below: (a) This Trust shall be known as the FRITZ C. and BELLE F. NELSON Endowment Fund. (b) The following shall receive life estate income interests: (i) To my husband's brother, Floyd -4- Nelson, of Kane, Pennsylvania, monthly income of two hundred-fifty dollars or an amount equal to that which was given to him immediately prior to my death, whichever is greater; (ii) To my sister-in-law, Leona Nelson, of Jamestown, New York, monthly income of two hundred-fifty dollars or an amount equal to that which was given to her immediately prior to my death, whichever is greater; (iii) Upon the death of either or both of the above-named beneficiaries, their income share shall be divided equally and distributed per capita to three of my nieces and nephews. They are NANCY RUDOLPH of Kane, Pennsylvania, KAREN SCHATZ, of Emporium, Pennsylvania and PAUL NELSON, of Kane, Pennsylvania. (iv) To my friends, Florence Hasenkamp and Hilliard Hasenkamp, or the survivor of them, the sum of five hundred ($500.00) dollars per month. (v) Upon the death of the last survivor of all of the above-named beneficiaries, all such income gifts shall cease and all income distributed pursuant to subparagraph (c) hereof. (vi) The amounts of income payments established in this sub-paragraph (b) are considered by my spouse and me to be appropriate sums to be received by each beneficiary. Consequently these payments represent maximums and shall not be duplicated or otherwise increased whether paid from the trust established pursuant to the Will of either my spouse or me or a merger of the trusts. -5- (c) Income not required to satisfy sub-paragraph (b) above from the principal of the Trust shall only be distributed to organizations exempt from tax and charitable in nature in accordance with and having the status of designation under section 50l(c)(3) of the Internal Revenue Code of 1986, as amended. Such income shall be distributed, for as long as the named beneficiaries so qualify, in the following manner. (i) One half to the Camp Hill Presbyterian Church, of Camp Hill, Pennsylvania, and (ii) One half in the following amounts: A. Fifteen (15%) percent thereof each to aid the Holy Spirit Hospital of the Sisters of Christian Charity, Camp Hill, Pennsylvania, Capital Health Systems, Harrisburg, Pennsylvania, Alzheimer Association, South Central Pennsylvania Chapter, Harrisburg, Pennsylvania and the American Bible Society, New York, New York. B. Eight (8%) percent thereof to each the Bethesda Mission of Harrisburg, Pennsylvania, Billy Graham Evangelism Association, Minneapolis, Minnesota, Robert H. Schuller Televangelism Association, Inc., Orange, California and the United Way of the Capital Region of Harrisburg, Pennsylvania. C. Four (4%) percent thereof to each the Salvation Army for use in the Harrisburg, Pennsylvania metropolitan area and Christian -6- Churchs United of the Tri-County Area for the HELP Ministry. (iii) Should any of the entities cease to qualify as a beneficiary of this Trust, its share shall be allocated to the remaining beneficiaries within its class. Failing that, its share shall be added to the class set forth in the subparagraph immediately preceding it. EXECUTOR AND TRUSTEE FIFTH: I hereby nominate, constitute and appoint DAUPHIN DEPOSIT BANK & TRUST COMPANY to be Executor of this my Last Will and Testament. I further hereby nominate, constitute and appoint DAUPHIN DEPOSIT BANK & TRUST COMPANY to be Trustee under this my Last Will and Testament. POSTING OF BOND SIXTH: I hereby direct that my Executor named by me herein, shall not be required to security required by law or otherwise, performance of their duties. or my Trustee, as give bond or other for the faithful TRUSTEE COMPENSATION SEVENTH: I direct that my Trustee is entitled to reasonable compensation and/or fees for services provided at the customary rates or charges then in effect. TRUSTEE POWERS EIGHTH: I give and grant unto my Trustee, for all trusts herein created the following powers, which shall be construed broadly and in addition to, and not in limitation of, their common law and statutory powers: (1) To allot, assign, care for, collect, contract with respect to, convey, convert, deal with, dispose of, enter into, exchange, hold, improve, invest, lease, manage, mortgage, grant and exercise options with respect to, take possession of, pledge, -7- receive, release, repair, sell, sue for and in general to do any and every act and thing and to enter into and carry out any and every agreement with respect to the property included in any trust created in this Will, which they could if they were the absolute owners thereof, without being limited in any way by the specific grants of power hereinafter made. (2) To retain for such time as in their judgment may seem advisable all or any part of my property as assets which at any time shall constitute a part of the trusts herein provided for. (3) To sell or exchange, either privately or at public sale and without prior approval of any court, at such time or times and at such price or prices, and on such terms and conditions as the Trustee may consider advisable, all or any part of the trust property, real, personal or mixed, and to execute, verify, acknowledge and deliver all deeds, bills of sale, or other documents which may be necessary or proper in the exercise of such powers without liability on the purchaser or purchasers to look to the application of the purchase price. (4) To manage any real property held by them in such manner as they may determine, including authority to alter, repair, maintain or improve such property as hereinafter set forth, to mortgage such property on such amount, on such conditions and at such rates of interest as they shall deem advisable; to abandon such. property, to adjust boundaries, to erect or demolish buildings thereon, to convert for a different use, to dedicate for public use without compensation, to grant easements and rights-of-way, to waive payment for property taken by right of eminent domain and to claim and negotiate for payment for property, to enter into party-wall contracts, to protect out of the general funds of the trusts herein created, to insure or perfect title, and to charge the cost of any action taken with regard to any such property to principal or income as they may determine. To make all ordinary repairs, alterations or improvements against the principal of the trust herein created of which the property being repaired, altered or improved forms a part. (5) To lease any real estate subject to the trust herein created for such term or terms, and for such rental or rentals and under such covenants and agreements as may, in the discretion of the Trustee, be considered for the best interest of the trust estates. The Trustee shall recognize existing leases, but still -8- have the power to agree to modification of, or amendment to, the terms of existing leases or to extensions or renewal thereof. The Trustee shall have the authority to acquire by purchase, gift or otherwise, and to resell, receive, hold, manage and control real estate and other interest therein, subject to the Trusts, and do all things necessary or proper in the performance of such functions. (6) To invest, and from time to time to reinvest, to acquire and to retain temporarily or permanently the trust estates received or held by them in cash or in kind of real or personal property, foreign or domestic, including by way of illustration, but not by way of limitation, common or preferred stocks, investment trusts, mutual funds, common trust funds, voting trust certificates, bonds, mortgages, debentures, notes, unsecured obligations, wasting assets, or investments which are unproductive, overproductive or underproductive as in their discretion they may deem advisable, and without regard as to the proportion that any such investment may bear to the total trust funds or the relation it may bear to the type or character of other investments in the trust estates, or to the effect such investments may have upon the diversification of the investments in the trust estates and they shall not be restricted in their choice or investments to such investments as are permissible for fiduciaries under any present or future applicable law, it being my intention to give my Trustee power to act in such manner as they will believe to be for the best interest of the trust created herein. I hereby direct that my Trustee may, in addition to all the powers of investment herein given, maintain in my trust estate securities of the corporate fiduciary in any amount which the said Trustee within their discretion deem proper. (7) To pay income tax on gains from the sale or other conversion of capital assets out of the proceeds thereof. (8) To amortize, accelerate payment of, reduce, extend, modify, settle or liquidate any lien, encumbrance, mortgage or other charge against any real estate or other property which may be subject to these trusts. The Trustee shall specifically keep and perform all of the covenants, terms and conditions of any existing mortgage or mortgages upon said real estate, on the part of the mortgagor required to be kept and performed and shall have full power and authority, with the consent of the mortgagee or mortgagees, to refund, replace, extend or otherwise amend the -9- same, and to anticipate and accelerate any periodical payments therein required. (9) To subscribe for stock allotments and exercise all rights and privileges pertaining to securities which are available to the owner thereof. (10) To receive or make distribution of any trust herein created, either in money or in kind, or partly in money and partly in kind. The judgment of the Trustee as to what shall constitute an equitable distribution or apportionment shall be binding and conclusive upon the beneficiaries hereof. Nothing herein contained, however, shall empower the Trustees to make distribution before the time or times specified herein. (11) claim or trusts. To pay, collect, compromise, sue for or contest any other matter, directly or indirectly affecting the (12) To use income and/or principal to maintain in force any policies of life insurance which I may own on the life or lives of other persons or to receive in gift or purchase or maintain previously existing insurance or annuity contracts for the benefit of any beneficiary, primary or contingent, if the Trustees determine that the best interest of my family would be served by purchasing said contracts or by continuing such insurance in force, and to exercise all the powers given to the owner of such policies. (13) To employ counsel, auditors, accountants, appraisers, engineers, and other persons, professional or otherwise, as may be necessary for the proper administration of the trusts, and to pay their compensation from trust funds. (14) To borrow money and security therefore, bonds and mortgages containing warrants of attorney, judgment and to pledge personal property. (15) To' incorporate any unincorporated business received from my estate. to execute to confess (16) To carryon and conduct any business enterprise in which I may be engaged at my death. -10- (17) As to each trust created herein, to exercise all the powers granted and all the duties imposed herein until such time after the termination of that trust as the property included in that trust has been fully distributed, and to do all other acts which in its judgment may be necessary or appropriate for the proper or advantageous management, investment or disposition of any property included in any trust created herein. EXECUTOR POWERS NINTH: I hereby give unto my Executor, hereinbefore named, and to my Trustee, hereinbefore named, the fullest power and authority in all matters or questions pertaining to the administration of my estate and trust, executing the provisions of this my Last Will and Testament, including, but not by way of limitation, the power and authority to determine all doubtful questions which may arise in the construction of this my Last Will and Testament, and the trust hereunder; I further hereby authorize and empower my Executor, pending settlement of my estate, to sell, convey, mortgage, lease, exchange, encumber or otherwise dispose of any and all of the property, real, personal or mixed at any time belonging to my estate, either at public or private sale, without prior approval of any court, and at such times and for such price or prices and in any such case upon such terms as it may determine to be best in its discretion, and I authorize and empower my said Executor to execute, acknowledge and deliver to the purchasers, grantees, mortgagees, vendees, assignees or other persons, such contracts, deeds, mortgages, bills of sale, and all other instruments of writing necessary or proper without obligation upon the latter to see to the proper application of the proceeds. It shall also have the power to compromise or otherwise settle or adjust any and all claims, charges, debts and demands whatsoever against, or in favor of my estate as fully as I could do if living. It shall further be empowered to carryon and conduct any business enterprise which I may be engaged in at my death, to retain any assets, including stocks or securities which I may own at the time of my death, pending settlement of my estate, without regard as to whether or not such assets or securities are legal investments for fiduciar- ies, and may make distribution in kind to my TJ;ustee. Pending settlement of my estate, its shall also have the authority in its discretion to convert, sell, exchange or dispose of such assets and securities either for cash or for terms satisfactory to them and to acquire other assets without limitation to securities or -11- investments as may be declared legal for investment of trust funds. It shall further be empowered to borrow money, and to pledge assets of my estate as security therefor, for the purpose of paying taxes which may be levied upon or payable by my estate in accordance with this Will and in the event that funds in the hands of my Executor, shall be insufficient to pay such taxes, and if, in the opinion of my Executor, it appears that conversion of securities and other assets, real and personal, would then be made at a sacrifice. Should my husband, FRITZ C. NELSON survive me, my Executor shall be authorized, in its sole, exclusive and unrestricted discretion, to determine whether to elect Section 2056(b)(7) of the Internal Revenue Code of 1986, as amended, or any corresponding provision of state law, to qualify all or a specific portion of the trust created in Article FOURTH, paragraph lea) of this Will for the federal estate tax marital deduction and any marital deduction available under law of the applicable state: I suggest, but do not direct, that in exercising such discretion, my Executor attempt to minimize or eliminate the federal and state taxes payable by my estate at the time of my death. However, my Executor should also consider the effect of its election upon the taxes payable by my wife's estate at her death. The decision of my Executor shall be final and conclusive upon all persons whose interests in my estate are directly or indirectly affected hereby. SIMULTANEOUS DEATH TENTH: Any person, other than my husband, who shall have died within thirty (30) days of my death, shall be deemed to have predeceased me. If my husband and I die simultaneously, or under such circumstances that the order of our deaths cannot be established by proof, my I shall be deemed to have survived me. In any case, if my husband and I have established identical trusts, such trusts may be merged, combined and administered as one. Any person (other than myself) who shall have died at the same time as any then recipient of income or in a common disaster with such beneficiary, or under such circumstances that it is difficult or impossible to determine who died first, shall be deemed to have predeceased such beneficiary. -12- SPENDTHRIFT PROVISION ELEVENTH: The rights, titles, benefits, interests and estates of any beneficiary hereunder, including beneficiaries under the trusts herein created shall not be subject to the rights or claims of his or her creditors nor subject nor liable to any process of law or court, and all of the income, principal or other benefits from or under any trust herein created, shall be payable, and deliverable only, wholly, exclusively and person- ally to the designated beneficiaries hereunder at the time the designated beneficiaries are entitled to take the same under the terms of this instrument. IN WITNESS WHEREOF, I have hereunto set my hand and seal this '7''6 day of July, 1992. (j.Jk- .q. YL,~ BELLE F. NELSON SIGNED, SEALED, PUBLISHED AND DECLARED by the above-named Testator, BELLE F. NELSON, as and for her Last Will and Testament, consisting of fourteen (14) pages, in the presence of us, who at her request, in her presence and in the presence of each other, all being present at the same time, have hereunto set our ands a i sses: ~/4fL Na #c//r.J:,~, _ ~ Address ,/ -13- COMMONWEALTH OF PENNSYLVANIA: SS: COUNTY OF DAUPHIN We, BELLE F. NELSON, the Testatrix and Donn L Snyder , and Mark R Parthemer the witnesses, whose names are signed to the attached foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed, sealed, published, acknowledged, and declared the instrument as her Last Will and Testament; and that' she signed willingly and that she executed it as her free and voluntary act for the purposes therein expressed; and that each of the witnesses in the joint presence of each other and in the presence and hearing of the Testatrix, signed the instrument as witness to her Last Will and Testament; and that to the best of their knowledge the Testatrix was at the time eighteen years of age or older, was of sound and disposing mind, memory and understanding, and was under no constraint or undue influence. &Pb-- .1, ~ /t' R. Parthemer Wi tness Subscribed, sworn to and acknowledged before me, th~ undersigned officer, by BELLE F. NELSON, the Testatrix, and subscribed and sworn to before me by Donn~ L Snyder and Mark R parthemer the".wi tnesses, int!:te"Presence of each other, this 9th day of July, 1992. '" \, )vI~A))I~'-) )~( II~ C / No ary Public .../~ ~TARIAL SEAL Maronetta F. Miller, Notary Public Harr;sb~rg.. PA Dauphin County Ny Commlsslon Expires Nov. 21, 1995 FIRST CODICIL TO LAST WILL AND TESTAMENT OF BELLE F. NELSON I, BELLE F. NELSON, of the Borough of Camp Hill, County of Cumberland and Commonwealth of Pennsylvania, declare this to be the First Codicil to my Last Will and Testament dated the 9th day of July, 1992. 1. Paragraph FOURTH of said Last Will and Testament is amended to include the following subparagraph in paragraph (2): (d) It is intended that this Trust shall qualify as a Charitable Remainder Annuity Trust under Section 664 of the Internal Revenue Code of 1986, as amended. No C provisions as stated herein, or omitted L- hereof, shall operate to disqualify thi$~ Trust. \ Additionally, under no condition~ shall the annual distribution be less than'~ '-......: five (5%) percent of the initial fair market value of all property placed in the Trust. Should this minimum distribution be in excess of the net income in any period, my Trustee may invade the principal as necessary. 2. In all other respects, my said Last Will and Testament dated July 9, 1992 shall remain in full force and effect. IN WITNESS WHEREOF, I have hereunto set my hand and seal this lUlL day of allqll~+- , 1992, at the end hereof, composed in all of three pages, including the self-proving attestation clause and signatures of witnesses. eJi fJ; v~~ BELLE F. NELSON WITNESSES: IJ. 'f;l ~ t'\J~V) . Fd4k, /-J~JjUb- ,4{/4rSujp'; /-1Y 2 COMMONWEALTH OF PENNSYLVANIA: SS: COUNTY OF CUMBERLAND: We, Belle F. Nelson, the Testatrix, Mark R. Parthemer , and Donn L. Snyder , the witnesses, whose names are signed to the attached foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed, sealed, published, acknowledged, and declared the instrument as her First Codicil to her Last Will and Testament; and that she signed willingly and that she executed it as her free and voluntary act for the purposes therein expressed; and that each of the witnesses in the joint presence of each other and in the presence and hearing of the Testatrix, signed the instrument as witness to her First Codicil to her Last Will and Testament; and that to the best of their knowledge the Testatrix was at the time eighteen years of age or older, was of sound and disposing mind, memory and unders~anding, and was under no constraint or undue influence. Testatrix DO MARK ~4?'~ R PARTHEMER,wi tness Subscribed, sworn to and acknowledged undersigned officer, by BELLE F. NELSON, subscribed and sworn to before me by Donn L. Mark R. Parthemer , witnesses, in the presence this 8th day of Auaust , 1992. before me, the Testatrix, and SnYder and of each other, , ::::;;(lA-J-> t. ~L .JI,~ Notary P blic NOTARIAL SEAL SARAH L APPLEBY, Notary Public My. Commission Expires Dec. 13. '~94 Harrisburt. PA Da!Johin CcurJtv 3 '" " LAST WILL AND TESTAMENT OF FRITZ C. NELSON I, FRITZ C. NELSON, of the Borough of Camp Hill, County of Cumberland and Commonwealth of Pennsylvania, being of sound and disposing mind and memory, and not acting under undue influence of any person whomsoever, do make, publish and declare this instrument to be my Last Will and Testament, in manner and form following: PRIOR WILLS FIRST: testamentary made by me. I hereby expressly revoke all Wills, Codicils and writings of whatsoever kind and nature heretofore DEBTS AND EXPENSES SECOND: I hereby direct my Executor, hereinafter named, to pay all my just debts, expenses of administration and funeral expenses out of my estate as soon as is practicable after my decease. TAXES THIRD: I direct that all estate, inheritance, transfer, legacy or succession taxes, or death duties, which may be assessed or ,imposed of, wheresoever situate, whether or not passing under. this my Last Will and Testament, including the taxable value of all policies of insurance on my life and all transfers, powers, rights or interests includible in my estate for the purpose of such taxes and duties, shall be paid out of my general estate as an expense of administration, and without apportionment, and shall not be prorated or charged against any of the gifts in this Will or against any property not passing under this Will. In the absolute discretion of my Executor, hereinafter named, it may pay such taxes immediately or may postpone the payment of the taxes on future or remainder interests until the time possession accrues to the beneficiary or beneficiaries named herein. My Executor may, in its discretion, arrange for extension of time for the payment of said estate and inheritance taxes, and any interest and/or penalty incurred on any such taxes, whether or not resulting from such extensions or postponements, shall be borne by my estate as an expense of administration. RESIDUARY DISPOSITION FOURTH: All of the rest, residue and remainder of my estate including real, personal and mixed property, I give for the uses and purposes herein set. forth: (1) Surviving Spouse. In the event my wife, BELLE F. NELSON, survives me by thirty (30) days, I give the remainder of my .estate as follows: Recognizing the value of minimizing Federal estate taxes by utilizing my unified credit, I hereby give all of my residuary estate to my wife BELLE F. NELSON subject to the following limitation. My Executor is empowered to fund up to the maximum of my remaining unified credit a unified credit shelter trust. In such event, my residuary estate shall be divided into two parts: (a) Marital Deduction Qualified Terminable Interest property Trust (i) My Executor shall dis- tribute to my wife, BELLE F. NELSON, in trust, an amount from the assets of my estate which will at most equal the minimum amount necessary to reduce to the least possible amount the aggregate federal estate tax payable as a result of my death, including any -2- . , . generation skipping transfers. My Executor may take into account as credits against such taxes all credits including any charitable credit, unified credit, and state death tax credit. Such assets shall be distributed on the basis of their fair market value on the date of such distribution or their value as finally determined for federal estate tax purposes, whichever is less. (ii) I hereby direct my Trustee to distribute all of the income to my wife, BELLE F. NELSON, at least quarter annually, unless she directs otherwise. Further, my Trustee shall distribute as much of the principal and accumulated income, if any, to my wife as my Trustee, in its sole discretion, determines to be necessary and desirable to permit her to maintain her usual standard of living, including the costs of any illness or accident which may afflict her. (ii) Upon the death of my wife, my Trustee shall distribute the then remaining principal, and any accumulated income as follows: (A) To the Executor of my wife's estate, an amount equal to the estate, inheri- tance, transfer, succession or other death taxes, payable by reason of the inclusion of part or all of the trust property in her estate. (B) The balance, if any, after the payment required by subparagraph (A) has been -3- made, shall be added to any amount then remaining in the Unified Credit Shelter Trust, established hereinafter, and distributed under the terms and provisions of this Will as though my said wife predeceased me. (b) Unified Credit Shelter Trust - (i) Any and all assets remaining after the Marital Deduction Trust outlined in subparagraph (l)(a) of Article FOURTH above shall be held in this, the Unified Credit Shelter Trust. All of the income from said Trust shall be made available to my wife to be used as she may wish. The principal of said Trust shall be held for the benefit of the beneficiaries as provided in subparagraph (2) below. However, my wife shall have the following limited powers to invade the principal. Specifically, she may invade the Trust principal for her maintenance, education, support and health care. (2) Predeceased Spouse. Should my wife predecease me, or not survive me by thirty (30) days, or survive me and subsequently die, then and in that event, my estate shall be distributed, IN TRUST, as set forth below: (a) This Trust shall be known as the FRITZ C. and BELLE F. NELSON Endowment Fund. (b) The following shall receive life estate income interests: (i) To my brother, Floyd Nelson, of Kane, Pennsylvania, monthly income of two hundred-fifty dollars or an amount -4- equal to that I was giving to him immediately prior to my death, whichever is greater; (ii) To my sister-in-law, Leona Nelson, of Jamestown, New York, monthly income of two hundred-fifty dollars or an amount equal to that I was giving to her immediately prior to my death, whichever is greater; (iii) Upon the death of either or both of the above-named beneficiaries, their income share shall be divided equally and distributed per capita to three of my nieces and nephews. They are NANCY RUDOLPH of Kane, Pennsylvania, KAREN SCHATZ, of Emporium, Pennsylvania and PAUL NELSON, of Kane, Pennsylvania. (iv) To my friends, Florence Hasenkamp and Hilliard Hasenkamp, or the survivor of them, the sum of five hundred ($500.00) dollars per month. (v) Upon the death of the last survivor of all of the above-named beneficiaries, all such income gifts shall cease and all income distributed pursuant to subparagraph (c) hereof. (vi) The income payments established in this sub-paragraph (b) are considered by my spouse and me to be appropriate sums to be received by each beneficiary. Consequently these payments represent maximums and shall not be duplicated or otherwise increased whether paid from the trust estabished pursuant to the Will of either my spouse or me or a merger of the trusts. (c) Income not required to satisfy sub-paragraph (b) above from the principal of the Trust shall only be distributed to organizations -5- exempt from tax and charitable in nature in accordance with and having the status of designation under section 501(c)(3) of the Internal Revenue Code of 1986, as amended. Such income shall be distributed, for as long as the named beneficiaries so qualify, in the following manner. (i) One half to the Camp Hill Presbyterian Church, of Camp Hill, Pennsylvania, and (ii) One half in the following amounts: A. Fifteen (15%) percent thereof each to aid the Holy Spirit Hospital of the Sisters of Christian Charity, Camp Hill, Pennsylvania, Capital Health Systems, Harrisburg, Pennsylvania, Alzheimer Association, South Central Pennsylvania Chapter, Harrisburg, Pennsylvania and the American Bible Society, New York, New York. B. Eight (8%) percent thereof to each the Bethesda Mission of Harrisburg, Pennsylvania, Billy Graham Evangelism Association, Minneapolis, Minnesota, Robert H. Schuller Televangelism Association, Inc., Orange, California and the United Way of the Capital Region of Harrisburg, Pennsylvania. C. Four (4%) percent thereof to each the Salvation Army for use in the Harrisburg, Pennsylvania metropolitan area and Christian Churchs United of the Tri-County Area for the HELP Ministry. -6- (iii) Should any of the entities cease to qualify as a beneficiary of this Trust, its share shall be allocated to the remaining beneficiaries within its class. Failing that, its share shall be added to the class set forth in the subparagraph immediately preceding it. EXECUTOR AND TRUSTEE FIFTH: I hereby nominate, constitute and appoint DAUPHIN DEPOSIT BANK & TRUST COMPANY to be Executor of this my Last Will and Testament. I further hereby nominate, constitute and appoint DAUPHIN DEPOSIT BANK.& TRUST COMPANY to be Trustee under this my Last Will and Testament. POSTING OF BOND SIXTH: I hereby direct that my Executor named by me herein, shall not be required to security required by law or otherwise, performance of their duties. or my Trustee, as give bond or other for the faithful TRUSTEE COMPENSATION SEVENTH: I direct that my Trustee is entitled to reasonable compensation and/or fees for services provided at the customary rates or charges then in effect. TRUSTEE POWERS EIGHTH: I give and grant unto my Trustee, for all trusts herein created the following powers, which shall be construed broadly and in addition to, and not in limitation of, their common law and statutory powers: (1) To allot, assign, care for, collect, contract with respect to, convey, convert, deal with, dispose of, enter into, exchange, hold, improve, invest, lease, manage, mortgage, grant and exercise options with respect to, take possession of, pledge, receive, release, repair, sell, sue for and in general to do any and every act and thing and to enter into and carry out any and -7- every agreement with respect to the property included in any trust created in this Will, which they could if they were the absolute owners thereof, without being limited in any way by the specific grants of power hereinafter made. (2) To retain for such time as in their judgment may seem advisable all or any part of my property as assets which at any time shall constitute a part of the trusts herein provided for. (3) To sell or exchange, either privately or at public sale and without prior approval of any court, at such time or times and at such price or prices, and on such terms and conditions as the Trustee may consider advisable, all or any part of the trust property, . real, personal or mixed, and to execute, verify, acknowledge and deliver all deeds, bills of sale, or other documents which may be necessary or proper in the exercise of such powers without liability on the purchaser or purchasers to look to the application of the purchase price. (4) To manage any real property held by them in such manner as they may determine, including authority to alter, repair, maintain or improve such property as hereinafter set forth, to mortgage such property on such amount, on such conditions and at such rates of interest as they shall deem advisable; to abandon such property, to adjust boundaries, to erect or demolish buildings thereon, to convert for a different use, to dedicate for public use without compensation, to grant easements and rights-of-way ~ to waive payment for property taken by right of eminent domain and to claim and negotiate for payment for property, to enter into party-wall contracts, to protect out of the general funds of the trusts herein created, to insure or perfect title, and to charge the cost of any action taken with regard to any such property to principal or income as they may determine. To make all ordinary repairs, alterations or improvements against the principal of the trust herein created of which the property being repaired, altered or improved forms a part. (5) To lease any real estate subject to the trust herein created for such term or terms, and for such rental or rentals and under such covenants and agreements as may, in the discretion of the Trustee, be considered for the best interest of the trust estates. The Trustee shall recognize existing leases, but still have the power to agree to modification of, or amendment to, the terms of existing leases or to extensions or renewal thereof. -8- The Trustee shall have the authority to acquire by purchase, gift or otherwise, and to resell, receive, hold, manage and control real estate and other interest therein, subject to the Trusts, and do all things necessary or proper in the performance of such functions. (6) To invest, and from time to time to reinvest, to acquire and to retain temporarily or permanently the trust estates received or held by them in cash or in kind of real or personal property, foreign or domestic, including by way of illustration, but not by way of limitation, common or preferred stocks, investment trusts, mutual funds, common trust funds, voting trust certificates, bonds, mortgages, debentures, notes, unsecured obligations, wasting assets, or investments which are unproductive, overproductive or underproductive as in their discretion they may deem advisable, and without regard as to the proportion that any such investment may bear to the total trust funds or the relation it may bear to the type or character of other investments in the trust estates, or to the effect such investments may have upon the diversification of the investments in the trust estates and they shall not be restricted in their choice or investments to such investments as are permissible for fiduciaries under any present or future applicable law, it being my intention to give my Trustee power to act in such manner as they will believe to be for the best interest of the trust created herein. I hereby direct that my Trustee may, in addition to all the powers of investment herein given, maintain in my trust estate securities of the corporate fiduciary in any amount which. the saig Trustee within their discretion deem proper. (7) To pay income tax on gains from the sale or other conversion of capital assets out of the proceeds thereof. (8) To amortize, accelerate payment of, reduce, extend, modify, settle or liquidate any lien, encumbrance, mortgage or other charge against any real estate or other property which may be subject to these trusts. The Trustee shall specifically keep and perform all of the covenants, terms and conditions of any existing mortgage or mortgages upon said real estate, on the part of the mortgagor required to be kept and performed and shall have full power and authority, with the consent of the mortgagee or mortgagees, to refund, replace, extend or otherwise amend the same, and to anticipate and accelerate any periodical payments therein required. -9- .~\ (9) To subscribe for stock allotments and exercise all rights and privileges pertaining to securities which are available to the owner thereof. (10) To receive or make distribution of any trust herein created, either in money or in kind, or partly in money and partly in kind. The judgment of the Trustee as to what shall constitute an equitable distribution or apportionment shall be binding and conclusive upon the beneficiaries hereof. Nothing herein contained, however, shall empower the Trustees to make distribution before the time or times specified herein. (11) claim or trusts. To pay, collect, compromise, sue for or contest any other matter, directly or indirectly affecting the (12) To use income and/or principal to maintain in force any policies of life insurance which I may own on the life or lives of other persons or to receive in gift or purchase or maintain previously existing insurance or annuity contracts for the benefit of any beneficiary, primary or contingent, if the Trustees determine that the best interest of my family would be served by purchasing said contracts or by continuing such insurance in force, and to exercise all the powers given to the owner of such policies. (13) To employ counsel, auditors, accountants, appraisers, engineers, and other persons, professional or otherwise, as may be necessary for the proper administration of the trusts, and to pay their compensation from trust funds. (14) To borrow money and security therefore, to execute bonds and mortgages containing warrants of attorney, to confess judgment and to pledge personal property.. (15) To incorporate any unincorporated business recei ved from my estate. (16) To carry on and conduct any business enterprise in which I may be engaged at my death. (17) As to each trust created herein, to exercise all the powers granted and all the duties imposed herein until such time after the termination of that trust as the property included in that trust has been fully distributed, and to do all other acts -10- which in its judgment may be necessary or appropriate for the proper or advantageous management, investment or disposition of any property included in any trust created herein. EXECUTOR POWERS NINTH: I hereby give unto my Executor, hereinbefore named, and to my Trustee, hereinbefore named, the fullest power and authority in all matters or questions pertaining to the administration of my estate and trust, executing the provisions of this my Last Will and Testament, including, but not by way of limitation, the power and authority to determine all doubtful questions which may arise in the construction of this my Last Will and Testament, and the trust hereunder; I further hereby authorize and empower my Executor, pending settlement of my estate, to sell, convey, mortgage, lease, exchange, encumber or otherwise dispose of any and all of the property, real, personal or mixed at any time belonging to my estate, either at public or private sale, without prior approval of any court, and at such times and for such price or prices and in any such case upon such terms as it may deem to be best in its discretion, and I authorize and empower my said Executor to execute, acknowledge and deliver to the purchasers, grantees, mortgagees, vendees, assignees or other persons, such contracts, deeds, mortgages, bills of sale, and all other instruments of writing necessary or proper without obligation upon the latter to see to the proper application of the proceeds. It shall also have the power to compromise or otherwise settle or adjust any and all claims, charges, debts and demands whatsoever against, or in favor of my estate as fully as I could do if living. It shall further be empowered to carry on and conduct any business enterprise which I may be engaged in at my death, to retain any assets, including stocks or securities which I may own at the time of my death, pending settlement of my estate, without regard as to whether or not such assets or securities are legal investments for fiduciar- ies, and may make distribution in kind to my Trustee. Pending settlement of my estate, it shall also have the authority in its discretion to convert, sell, exchange or dispose of such assets and securities either for cash or for terms satisfactory to them and to acquire other assets without limitation to securities or investments as may be declared legal for investment of trust funds. It shall further be empowered to borrow money, and to pledge assets of my estate as security therefor, for the purpose of paying taxes which may be levied upon or payable by my estate -11- in accordance with this Will and in the event that funds in the hands of my Executor, shall be insufficient to pay such taxes, and if, in the opinion of my Executor, it appears that conversion of securities and other assets, real and personal, would then be made at a sacrifice. Should my wife, BELLE F. NELSON survive me, my Executor shall be authorized, in its sole, exclusive and unrestricted discretion, to determine whether to elect Section 2056(b)(7) of the-Internal' Revenue Code of 1986, as amended, or any corresponding provision of state law, to qualify all or a specific portion of the trust created in Article FOURTH, paragraph lea) of this Will for the federal estate tax marital deduction and any marital deduction available under law of the applicable' state. I suggest, but do not direct, that in exercising such discretion, my Executor attempt to minimize or eliminate the federal and state taxes payable by my estate at the time of my death. However, my Executor should also consider the effect of its election upon the taxes payable by my wife's estate at her death. The decision of my Executor shall be final and conclusive upon all persons whose interests in my estate are directly or indirectly affected hereby. SIMULTANEOUS DEATH TENTH: Any person, other than my wife, who shall have died within thirty (30) days of my death, shall be deemed to have predeceased me. If my wife and I die simultaneously, or under such circumstances that the order of our deaths cannot be established by proof, my wife shall be deemed to have survived me. In any case, if my wife and I have established identical trusts, such trusts may be merged, combined and administered as one. Any person (other than myself) who shall have died at the same time as any then recipient of income or in a common disaster with such beneficiary, or under such circumstances that it is difficult or impossible to determine who died first, shall be deemed to have predeceased such beneficiary. SPENDTHRIFT PROVISION ELEVENTH: The rights, titles, benefits, interests and estates of any beneficiary hereunder, including beneficiaries under the trusts herein created shall not be subject to the -12- rights or claims of his or her creditors nor subject nor liable to any process of law or court, and all of the income, principal or other benefits from or under any trust herein created, shall be payable, and deliverable only, wholly, exclusively and person- ally to the designated beneficiaries hereunder at the time the designated beneficiaries are entitled to take the same under the terms of this instrument. IN WITNESS WHEREOF, I have hereunto set my hand and seal this q~ day of July, 1992. ~~~ FR C. NELSON SIGNED, SEALED, PUBLISHED AND DECLARED by the above-named Testator, FRITZ C. NELSON, as and for his Last Will and Testament, consisting of fourteen (14) pages, in the presence of us, who at his request, in his presence and in the presence of each other, all being present at the same time, have hereunto set our nds as tn ~ . i4//f~. Nam Itm7,{,~'~ //1" Address ' -13- COMMONWEALTH OF PENNSYLVANIA: SS: COUNTY OF DAUPHIN We, FRITZ C. NELSON, the Testator and Donn L. Snyder , and Mark R. Parthemer the witnesses, whose names are signed to the attached foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testator signed, sealed, published, acknowledged, and declared the instrument as his Last Will and Testament; and that he signed willingly and that he executed it .as his free and voluntary act for the purposes therein expressed; and that each of the witnesses in the joint presence of each other and in the presence and hearing of the Testator, signed the instrument as witness to his Last Will and Testament; and that to the best of their knowledge the Testator was at the time eighteen years of age or older, was.of sound and disposing mind, memory and understanding, and was under no constraint or undue influence. /k emer Witness Subscribed, sworn to and acknowledged before me, the undersigned officer, by FRITZ C. NELSON, the Testator, and subscribed and sworn to before me by ~onn L. Snyder and Mark R. parthemer , the witnes.ses, in the PJe. S'e)e of each other, th" 9th day of July, "1" . ~ )~ " . . (J../\J.J'r"llJJ7i; . ~otary Public , ~IALSEAL Maronetta F. Miller. Notary Public H,arrisb::"g,. PA Dauphin County f'jy COt,;1i!1SS10n Expires Nov. 21, 1995 FIRST CODICIL TO LAST WILL AND TESTAMENT OF FRITZ C. NELSON I, FRITZ C. NELSON, of the Borough of Camp Hill, County of Cumberland and Commonwealth of Pennsylvania, declare this to be the First Codicil to my Last Will and Testament dated the 9th day of July, 1992. ~. Paragraph FOURTH of said Last Will and Testament is amended to include the following subparagraph in paragraph (2): (d) It is intended that this Trust shall qualify as a Charitable Remainder Annuity Trust under Section 664 of the Internal Revenue Code of 1986, as amended. No provisions as stated herein, or omitted hereof, shall operate to disqualify this Trust. Additionally, under no condition shall the annual distribution be less than five (5%) percent of the initial fair market value of all property placed in the Trust. Should this minimum distribution be in excess of the net income in any period, my Trustee may invade the principal as necessary. 2. In all other respects, my said Last Will and Testament dated July 9, 1992 shall remain in full force and effect. IN WITNESS WHEREOF, I have hereunto set my hand and seal this ~ day of August , 1992, at the end hereof, composed in all of three pages, including the self-proving attestation clause and signatures of witnesses. ~ '7.1 ! .~ fkI~ F Z C. NELSON v WITNESSES: A--~~J-L /J~J>~ <S'~ p/{~ ft,,.,..;,j,j}" /-?1 2 COMMONWEALTH OF PENNSYLVANIA: 55: COUNTY OF CUMBERLAND: We, Fritz C. Nelson, the Testator, , and , the witnesses, whose names are signed to the attached foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testator signed, sealed, published, acknowledged, and declared the instrument as his First Codicil to his Last Will and Testament; and that he signed willingly and that he executed it as his free and voluntary act for the purposes therein expressed; and that each of the witnesses in the joint presence of each other and in the presence and hearing of the Testator, signed the instrument as witness to his First Codicil to his Last Will and Testament; and that to the best of their knowledge the Testator was at the time eighteen years of age or older, was of sound and disposing mind, memory and understanding, and was under no constraint or undue influence. ~ltR!{)n~ FR[~Z C. NELSON, Testator JJ~q~ ~ . ~ / 4?!f Subscribed, sworn to and acknowledged before me, the undersigned officer, by FRITZ C. NELSON, Testator, and subscribed and sworn to before me by Donn L. Snyder and Mark R. Parthemer , witnesses, in the presence of each other, this 8th day of Auqust , 1992. ~~~ofiry~~t({c h1~ NOTARIAL SEAL SARAH ~. .APPLEBY. Notary.Public My Co.mmtsston Expires Dec. 105: 1994 HarmburL. PA O,.u;hin Coun~tv .' 3 Register of Wills of Cumberland County, Pennsylvania INVENTORY Estate of Belle F. Nelson No. 21- 04 - 063 6 also known as Date of Death June 6, 2004 , Deceased Social Security No. 182-40-9714 Personal Representative(s) of the above Estate, deceased, verify that the items appearing in the following inventory include all of the personal assets wherever situate and all of the real estate in the Commonwealth of Pennsylvania of said Decedent, that the valuation placed opposite each item of said Inventory represents its fair value as of the date of the Decedent's death, and that Decedent owned no real estate outside of the Commonwealth of Pennsylvania except that which appears in a memorandum at the end of this inventory. IjWe verify that the statements made in this Inventory are true and correct. JjWe understand that false statements herein are made subject to the penalties of 18. Pa. C.S. Section 4904 relating to unsworn falsification to authorities. AI~'L Nameo! Kevin M. Scott Attorney: .~~ I 0:>'> to"\...- 2 North Second Harrisburg, PA (717) 257-7551 Street, 17101 7th Floor ~,{.<;ff/QE~ &>- ~~ Dated: March3 /t>3, 2005 , 1.0. No.: Address: Telephone: Description Value REAL ESTATE: None N/A PERSONAL ESTATE: See Schedule B $1,589,352.75;, ,.n See Schedule E $ 2 21. 41 ~-r.'" c..:; -, $1,591,674.16 (Attach Additional Sheets if necessary) 1126481 ~ REV.1S03 EX + (1-97)(1) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF BELLE F. NELSON FILE NUMBER 21-04 00636 All property jointly-owned with the right of survivOIShip must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION 1. M&T - CASH (SEE ATTACHED) VALUE AT DATE OF DEATH 46,272.87 2. M&T - REVOCABLE TRUST OF BELLE NELSON (SEE ATTACHED) 1,543,079.88 STFPA42021FA TOTAL (Also enter on line 2, Recapitulation) $ 1, 589 , 352 . 75 (If more space IS needed, insert additional sheets of the same size) Estate Valuation Date of Death: Valuation Date: Processing Date: 06/06/2004 06/06/2004 07/09/2004 Shares or Par Security De script ion High/Ask Low/Bid 100.00000 Bid 55.17000 H/t 55.32000 HIL 43.21000 H/t 43.62000 H/t 3) 1056 EXXON MOBIL CORP (30231G102) COM NYSE 06/04/2004 06/07/2004 43.59000 44.00000 Div: 0.27 Ex: 05/11/2004 Rec: 05/13/2004 Pay: 06/10/2004 Estate of: Nelson, Belle F TUA Account: 1104672159 Report Type: Date of Death Number of Securities: 21 File IO: Nelson,Belle F TUA Mean and/or Div and Int Security Adjustments Accruals Value 100.000000 44,000.00 1) 44000 UNITED STATES SVG SD SER HH (912550GC8) DTD: 03/01/1992 Mat: 03/01/2012 06/06/2004 108.27000 H/L 109.08000 H/t ::'03.62000 H/t 103.91000 H/t 58.85000 Hit 59.43000 H/t 53.10000 Hit 53.60000 HIL 7) 787 BP PLC (055622104) SPONSORED ADR NYSE 06/04/2004 06/07/2004 53.74000 54.00000 Div: 0.405 Ex: 05/12/2004 Rec: 05/14/2004 pay: 06/07/2004 55.787500 7,866.04 2) 141 ANADARKO PETE CORP {032511107} COM NYSE 06/04/2004 06/07/2004 56.05000 56.61000 7.86000 Bid 24.44000 aid 9.69000 Bid 43.605000 46,046.86 Prices for 06/07/2004 adjusted up for dividend(s): 0.14 4) 220 MIDCAP SPDR TR (595635103) UNIT SER 1 ASE 06/04/2004 06/07/2004 109.23000 110.50000 265.12 109.270000 24,039.40 5) 107 NORTHROP GRUMMAN CORP (666807102) COM NYSE 06/04/2004 06/07/2004 104.39000 105.00000 104.230000 11,152.61 6) 369 UNION PAC CORP (90781810A) COM NYSE 06/04/2004 06/07/2004 59.39000 60.43000 59.525000 21,964.73 Prices for 06/07/2004 adjusted up for dividend(s): 0.3 8) 3014.422 AMERICAN CENTY CAP PORTFOLIOS (025076209) EQUITY INC INS NASDAQ 06/04/2004 53.610000 42,191.07 9) 664.538 LOOMIS SAYLES FDS I (543495816) SML CP VAL INS NASDAQ 06/04/2004 318.74 7.860000 23,693.36 10) 6S67.17 MTa GROUP FDS (55376T601) EQT'l INCM II NASDAQ 06/04/2004 24.440000 16,241.31 Page 1 9.690000 66,542.B8 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (81B) 313~6300 or www.evpsyS.com. (Revision 7.0.2) Date of Death: 06/06/2004 Estate of: Nelson, Belle F TUA Valuation Date: 06/06/2004 Account: 1104672159 Processing Date: 07/09/2004 Report Type: Date of Death Number of Securities: 21 File 10: Nelson,Belle F TUA Shares Security Mean and/or Div and Int Security or Par Description High/Ask Low/Bid Adjustments Accruals Value 11) 22222.714 MTB GROUP FOS (55376T692) LCP STK I I NASDAQ 06/04/2004 9.10000 Bid 9.100000 202,226.70 12) 3342.125 MTB GROUP FDS (55376T510) MID CP GRW I I NASDAQ 06/04/2004 13 .68000 Bid 13 .680000 45,720.27 13) 4469.763 MTB GROUP FDS (55376T379) MUL CP GRW I I NASDAQ 06/04/2004 14.26000 Bid 14.260000 63,738.82 14) 1525.378 MTB GROUP FOS (55376Tl48) S CP GRW INS I NASDAQ 06/04/2004 18.31000 Bid 18.310000 27,929.67 15) 1302.727 HARBOR FD (411511306) INTL FO INSTL NASDAQ 06/04/2004 37 .27000 Bid 37.270000 48,552.64 16) 13926.379 MTB GROUP FOS (55376T858) INCOME I I NASDAQ 06/04/2004 9.86000 Sid 9.860000 137,314.10 17) 13804.079 MTS GROUP FDS (55376T817) INTRM BD I I NASDAQ 06/04/2004 9.95000 Bid 9.950000 137,350.59 18) 14279.716 MTB GROUP FOS (55376T221) SHR OUR GV I I NASDAQ 06/04/2004 9.61000 Bid 9.610000 137,228.07 19) 13977 .42 MTB GROUP FOS (55376Tl89) STRM CORP BO I I NASDAQ 06/04/2004 9.81000 Bid 9.810000 137,118.49 20) 14639.494 MTB GROUP FOS (55376V705) US GIJ BD I I NASDAQ 06/04/2004 9.38000 Bid 9.380000 137,318.45 21) 16321.168 MTB GROUP FOS (55376T288) PA MUN BD I I NASDAQ 06/04/2004 10.10000 Bid 10.100000 164,843.80 22) 17491.03 MTB MONEY MARKET (55376T429) INST I FD #420 - Principal Portfolio 1.000000 17,491. 03 2]) 28781.84 MTB MONEY MARKET (55376T429) INST I FD #420 - Income Portfolio 1.000000 28,781.84 Total Value: $1,589,352.75 Total Accrual: $603.86 Total: $1,589,956.61 REV-1508 EX + (1-97) (I) COMMONWEALTH Of PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF BELLE F. NELSON FILE NUMBER 21-04 00636 Include the proceeds of litigation and 1he date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. CHURCH OF GOD - REFUND 1,671.82 2 . HIGHMARK - REFUND 529.59 4. GOLD AND GARNET RING 120.00 STFPA42021F.9 TOTAL (Also enter on line 5, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 2,321.41 LAST WIU. AND TESTAMENT OF BEUE F. NELSON I, BEU.E F. NELSON, of the Borough of Camp Hill, County of Cumberland and Commonwealth of pennsylvania, being of sound and disposing mind and memory, and not acting under undue influence of any person whomsoever, do make, publish and declare this instrument to be my Last Will and Testament, in manner and form following: PRIOR WILLS FIRST: testamentary made by me. I hereby expressly revoke all Wills, Codicils and wri tings of whatsoever kind and nature heretofore DEBTS AND EXPENSES SECOND: I hereby direct my Executor, hereinafter named, to pay all my just debts, expenses of administration and funeral expenses out of my estate as soon as is practicable after my decease. TAXES THIRD: I direct that all estate, inheritance, transfer, legacy or succession taxes, or death duties, which may be assessed or imposed of, wheresoever situate, whether or not passing under this my Last Will and Testament, including the taxable value of all policies of insurance on my life and all transfers, powers, rights or interests includible in my estate for the purpose of such taxes and duties, shall be paid out of my general estate as an expense of administration, and without apportionment, and shall not be prorated or charged against any of the gifts in this Will or against any property not passing under this Will. In the absolute discretion of my Executor, hereinafter named, it may pay such taxes immediately or may postpone the payment of the taxes on future orremairider interests until the time possession accrues to the beneficiary or beneficiaries named herein. My Executor may, in its discretion, arrange for extension of time for the payment of said estate and inheritance taxes, and any interest and/or penalty incurred on any such taxes, whether or not resulting from such extensions or postponements, shall be borne by my estate as an expense of administration. RESIDUARY DISPOSITION FOURTH: All of the rest, residue and remainder of my estate including real, personal and mixed property, I give for the uses and purposes herein set forth: (I) Surviving Spouse. In the event my husband, FRITZ C. NELSON, survives me by thirty (30) days, I give the remainder of my estate as follows: Recognizing the value of minimizing Federal estate taxes by utilizing my unified credit, I hereby give all of my residuary estate to my husband FRITZ C. NELSON subject to the following limitation. My Executor is empowered to fund up to the maximum of my remaining unified credit a unified credit shelter trust. In such event, my residuary estate shall be divided into two parts: (a) Marital Deduction Qualified Terminable Interest property Trust (i) My Executor shall dis- tribute to my husband, FRITZ C. NELSON, in trust, an amount from the assets of my estate which will at most equal the minimum amount necessary to reduce to the least possible amount the aggregate federal estate tax payable as a result of my death, including any -2- generation skipping transfers. My Executor may take into account as credits against such taxes all credits including any charitable credit, unified credit, and state death tax credit. Such assets shall be distributed on the basis of their fair market value on the date of such distribution or their value as finally determined for federal estate tax purposes, whichever is less. (ii) I hereby direct my Trustee to distribute all of the income to my husband, FRITZ C. NELSON at least quarter annually, unless he directs otherwise. Further, my Trustee shall distribute as much of the principal and accumulated income, if any, to my husband as my Trustee, in its sole discretion, determines to be necessary and desirable to permit him to maintain his usual standard of living, including the costs of any illness or accident which may afflict him. (ii) Upon the death of my husband, my Trustee shall distribute the then remaining principal, and any accumulated income as follows: (A) To the Executor of my husband's estate, an amount equal to the estate, inheri- tance, transfer, succession or other death taxes, payable by reason of the inclusion of part or all of the trust property in his estate. (B) The balance, if any, -3- after the payment required by subparagraph (A) has been made, shall be added to any amount then remaining in the Unified Credit Shelter Trust, established hereinafter, and distributed under the terms and provisions of this Will as though my said husband predeceased me. (b) Unified Credit Shelter Trust - (i) Any and all assets remaining after the Marital Deduction Trust outlined in subparagraph (l)(a) of Article FOURTH above shall be held in this, the Unified Credit Shelter Trust. All of the income from said Trust shall be made available to my husband to be used as he may wish. The principal of said Trust shall be held for the benefit of the beneficiaries as provided in subparagraph (2) below. However, my husband shall have the following limited powers to invade the principal. Specifically, he may invade the Trust principal for his maintenance, education, support and health care. (2) Predeceased Spouse. Should my husband predecease me, or not survive me by thirty (30) days, or survive me and subsequently die, then and in that event, my estate shall be distributed, IN TRUST, as set forth below: (a) This Trust shall be known as the FRITZ C. and BELLE F. NELSON Endowment Fund. (b) The following shall receive life estate income interests: (i) To my husband's brother, Floyd -4- Nelson, of Kane, pennsylvania, monthly income of two hundred-fifty dollars or an amount equal to that which was given to him immediately prior to my death, whichever is greater; (ii) To my sister-in-law, Leona Nelson, of Jamestown, New York, monthly income of two hundred-fifty dollars or an amount equal to that which was given to her immediately prior to my death, whichever is greater; (iii) Upon the death of either or both of the above-named beneficiaries, their income share shall be divided equally and distributed per capita to three of my nieces and nephews. They are NANCY RUDOLPH of Kane, Pennsylvania, KAREN SCHATZ, of Emporium, Pennsylvania and PAUL NELSON, of Kane, Pennsylvania. (iv) To my friends, Florence Hasenkamp and Hilliard Hasenkamp, or the survivor of them, the sum of five hundred ($500.00) dollars per month. (v) Upon the death of the last survivor of all of the above-named beneficiaries, all such income gifts shall cease and all income distributed pursuant to subparagraph (c) hereof. (vi) The amounts of income payments established in this sub-paragraph (b) are considered by my spouse and me to be appropriate sums to be received by each beneficiary. Consequently these payments represent maximums and shall not be duplicated or otherwise increased whether paid from the trust established pursuant to the Will of either my spouse or me or a merger of the trusts. -5- (c) Income not required to satisfy sub-paragraph (b) above from the principal of the Trust shall only be distributed to organizations exempt from tax and charitable in nature in accordance with and having the status of designation under section 501(c)(3) of the Internal Revenue Code of 1986, as amended. Such income shall be distributed, for as long as the named beneficiaries so qualify, in the following manner. (i) One half to the Camp Hill Presbyterian Church, of Camp Hill, Pennsylvania, and (ii) One half in the following amounts: A. Fifteen (15%) percent thereof each to aid the Holy Spirit Hospital of the Sisters of Christian Charity, Camp Hill, Pennsylvania, Capital Health Systems, Harrisburg, Pennsylvania, Alzheimer Association, South Central Pennsylvania Chapter, Harrisburg, Pennsylvania and the American Bible Society, New York, New York. B. Eight (8%) percent thereof to each the Bethesda Mission of Harrisburg, Pennsylvania, Billy Graham Evangelism Association, Minneapolis, Minnesota, Robert H. Schuller Televangelism Association, Inc., Orange, California and the United Way of the Capital Region of Harrisburg, Pennsylvania. C. Four (4%) percent thereof to each the Salvation Army for use in the Harrisburg, Pennsylvania metropolitan area and Christian -6- Churchs United of the Tri-County Area for the HELP Ministry. (iii) Should any of the entities cease to qualify as a beneficiary of this Trust, its share shall be allocated to the remaining beneficiaries within its class. Failing that, its share shall be added to the class set forth in the subparagraph immediately preceding it. EXECUTOR AND TRUSTEE FIFTH: I hereby nominate, constitute and appoint DAUPHIN DEPOSIT BANK & TRUST COMPANY to be Executor of this my Last Will and Testament. I further hereby nominate, constitute and appoint DAUPHIN DEPOSIT BANK & TRUST COMPANY to be Trustee under this my Last Will and Testament. POSTING OF BOND SIXTH: I hereby direct that my Executor or my Trustee, as named by me herein, shall not be required to give bond or other security required by law or otherwise, for the faithful performance of their duties. TRUSTEE COMPENSATION SEVENTH: I direct that my Trustee is entitled to reasonable compensation and/or fees for services provided at the customary rates or charges then in effect. TRUSTEE POWERS EIGHTH: I give and grant unto my Trustee, for all trusts herein created the following powers, which shall be construed broadly and in addition to, and not in limitation of, their common law and statutory powers: (1) To allot, assign, care for, collect, contract with respect to, convey, convert, deal with, dispose of, enter into, exchange, hold, improve, invest, lease, manage, mortgage, grant and exercise options with respect to, take possession of, pledge, -7- receive, release, repair, sell, sue for and in general to do any and every act and thing and to enter into and carry out any and every agreement with respect to the property included in any trust created in this Will, which they could if they were tbe absolute owners thereof, without being limited in any way by the specific grants of power hereinafter made. (2) To retain for such time as in their judgment may seem advisable all or any part of my property as assets which at any time shall constitute a part of the trusts herein provided for. (3) To sell or exchange, either privately or at public sale and without prior approval of any court, at such time or times and at such price or prices, and on such terms and conditions as the Trustee may consider advisable, all or any part of the trust property, real, personal or mixed, and to execute, verify, acknowledge and deliver all deeds, bills of sale, or other documents which may be necessary or proper in the exercise of such powers without liability on the purchaser or purchasers to look to the application of the purchase price. (4) To manage any real property held by them in such manner as they may determine, including authority to alter, repair, maintain or improve such property as hereinafter set forth, to mortgage such property on such amount, on such conditions and at such rates of interest as they shall deem advisable; to abandon such property, to adjust boundaries, to erect or demolish buildings thereon, to convert for a different use, to dedicate for public use without compensation, to grant easements and rights-of-way, to waive payment for property taken by right of eminent domain and to claim and negotiate for payment for property, to enter into party-wall contracts, to protect out of the general funds of the trusts herein created, to insure or perfect title, and to charge the cost of any action taken with regard to any such property to principal or income as they may determine. To make all ordinary repairs, alterations or improvements against the principal of the trust herein created of which the property being repaired, altered or improved forms a part. (5) To lease any real estate subject to the trust herein created for such term or terms, and for such rental or rentals and under such covenants and agreements as may, in the discretion of the Trustee, be considered for the best interest of the trust estates. The Trustee shall recognize existing leases, but still -8- have the power to agree to modification of, or amendment to, the terms of existing leases or to extensions or renewal thereof. The Trustee shall have the authority to acquire by purchase, gift or otherwise, and to resell, receive, hold, manage and control real estate and other interest therein, subject to the Trusts, and do all things necessary or proper in the performance of such functions. (6) To invest, and from time to time to reinvest, to acquire and to retain temporarily or permanently the trust estates received or held by them in cash or in kind of real or personal property, foreign or domestic, including by way of illustration, but not by way of limitation, common or preferred stocks, investment trusts, mutual funds, common trust funds, voting trust certificates, bonds, mortgages, debentures, notes, unsecured obligations, wasting assets, or investments which are unproductive, overproductive or underproductive as in their discretion they may deem advisable, and without regard as to the proportion that any such investment may bear to the total trust funds or the relation it may bear to the type or character of other investments in the trust estates, or to the effect such investments may have upon the diversification of the investments in the trust estates and they shall not be restricted in their choice or investments to such investments as are permissible for fiduciaries under any present or future applicable law, it being my intention to give my Trustee power to act in such manner as they will believe to be for the best interest of the trust created herein. I hereby direct that my Trustee may, in addition to all the powers of investment herein given, maintain in my trust estate securities of the corporate fiduciary in any amount which the said Trustee within their discretion deem proper. (7) To pay income tax on gains from the sale or other conversion of capital assets out of the proceeds thereof. (8) To amortize, accelerate payment of, reduce, extend, modify, settle or liquidate any lien, encumbrance, mortgage or other charge against any real estate or other property which may be subject to these trusts. The Trustee shall specifically keep and perform all of the covenants, terms and conditions of any existing mortgage or mortgages upon said real estate, on the part of the mortgagor required to be kept and performed and shall have full power and authority, with the consent of the mortgagee or mortgagees, to refund, replace, extend or otherwise amend the -9- same, and to anticipate and accelerate any periodical payments therein required. (9) To subscribe for stock allotments and exercise all rights and privileges pertaining to securities which are available to the owner thereof. (10) To receive or make distribution of any trust herein created, either in money or in kind, or partly in money and partly in kind. The judgment of the Trustee as to what shall constitute an equitable distribution or apportionment shall be binding and conclusive upon the beneficiaries hereof. Nothing herein contained, however, shall empower the Trustees to make distribution before the time or times specified herein. ( 11) claim or trusts. To pay, collect, compromise, sue for or contest any other matter, directly or indirectly affecting the (12) To use income and/or principal to maintain in force any policies of life insurance which I may own on the life or lives of other persons or to receive in gift or purchase or maintain previously existing insurance or annuity contracts for the benefit of any beneficiary, primary or contingent, if the Trustees determine that the best interest of my family would be served by purchasing said contracts or by continuing such insurance in force, and to exercise all the powers given to the owner of such policies. (13) To employ counsel, auditors, accountants, appraisers, engineers, and other persons, professional or otherwise, as may be necessary for the proper administration of the trusts, and to pay their compensation from trust funds. (14) To borrow money and security therefore, bonds and mortgages containing warrants of attorney, judgment and to pledge personal property. (15) To' incorporate any unincorporated business received from my estate. to execute to confess (16) To carryon and conduct any business enterprise in which I may be engaged at my death. -10- (17) As to each trust created herein, to exercise all the powers granted and all the duties imposed herein until such time after the termination of that trust as the property included in that trust has been fully distributed, and to do all other acts which in its judgment may be necessary or appropriate for the proper or advantageous management, investment or disposition of any property included in any trust created herein. EXECUTOR POWERS NINTH: I hereby give unto my Executor, hereinbefore named, and to my Trustee, hereinbefore named, the fullest power and authority in all matters or questions pertaining to the administration of my estate and trust, executing the provisions of this my Last Will and Testament, including, but not by way of limitation, the power and authority to determine all doubtful questions which may arise in the construction of this my Last Will and Testament, and the trust hereunder; I further hereby authorize and empower my Executor, pending settlement of my estate, to sell, convey, mortgage, lease, exchange, encumber or otherwise dispose of any and all of the property, real, personal or mixed at any time belonging to my estate, either at public or private sale, without prior approval of any court, and at such times and for such price or prices and in any such case upon such terms as it may determine to be best in its discretion, and I authorize and empower my said Executor to execute, acknowledge and deliver to the purchasers, grantees, mortgagees, vendees, assignees or other persons, such contracts, deeds, mortgages, bills of sale, and all other instruments of writing necessary or proper without obligation upon the latter to see to the proper application of the proceeds. It shall also have the power to compromise or otherwise settle or adjust any and all claims, charges, debts and demands whatsoever against, or in favor of my estate as fully as I could do if living. It shall further be empowered to carry on and conduct any business enterprise which I may be engaged in at my death, to retain any assets, including stocks or securities which I may own at the time of my death, pending settlement of my estate, without regard as to whether or not such assets or securities are legal investments for fiduciar- ies, and may make distribution in kind to my Trustee. Pending settlement of my estate, its shall also have the authority in its discretion to convert, sell, exchange or dispose of such assets and securities either for cash or for terms satisfactory to them and to acquire other assets without limitation to securities or -11- investments as may be declared legal for investment of trust funds. It shall further be empowered to borrow money, and to pledge assets of my estate as security therefor, for the purpose of paying taxes which may be levied upon or payable by my estate in accordance with this Will and in the event that funds in the hands of my Executor, shall be insufficient to pay such taxes, and if, in the opinion of my Executor, it appears that conversion of securities and other assets, real and personal, would then be made at a sacrifice. Should my husband, FRITZ C. NELSON survive me, my Executor shall be authorized, in its sole, exclusive and unrestricted discretion, to determine whether to elect Section 2056(b)(7) of the Internal Revenue Code of 1986, as amended, or any corresponding provision of state law, to qualify all or a specific portion of the trust created in Article FOURTH, paragraph l(a) of this Will for the federal estate tax marital deduction and any marital deduction available under law of the applicable state.' I suggest, but do not direct, that in exercising such discretion, my Executor attempt to minimize or eliminate the federal and state taxes payable by my estate at the time of my death. However, my Executor should also consider the effect of its election upon the taxes payable by my wife's estate at her death. The decision of my Executor shall be final and conclusive upon all persons whose interests in my estate are directly or indirectly affected hereby. SIMULTANEOUS DEATH TENTH: Any person, other than my husband, who shall have died within thirty (30) days of my death, shall be deemed to have predeceased me. If my husband and I die simultaneously, or under such circumstances that the order of our deaths cannot be established by proof, my I shall be deemed to have survived me. In any case, if my husband and I have established identical trusts, such trusts may be merged, combined and administered as one. Any person (other than myself) who shall have died at the same time as any then recipient of income or in a common disaster with such beneficiary, or under such circumstances that it is difficult or impossible to determine who died first, shall be deemed to have predeceased such beneficiary. -12- SPENDTHRIFT PROVISION ELEVENTH: The rights, titles, benefits, interests and estates of any beneficiary hereunder, including beneficiaries under the trusts herein created shall not be subject to the rights or claims of his or her creditors nor subject nor liable to any process of law or court, and all of the income, principal or other benefits from or under any trust herein created, shall be payable, and deliverable only, wholly, exclusively and person- ally to the designated beneficiaries hereunder at the time the designated beneficiaries are entitled to take the same under the terms of this instrument. IN WITNESS WHEREOF, I have hereunto set my hand and seal this "ft!> day of July, 1992. /.3J-!h /J. fu~ BELLE F. NELSON SIGNED, SEALED, PUBLISHED AND DECLARED by the above-named Testator, BELLE F. NELSON, as and for her Last Will and Testament, consisting of fourteen (14) pages, in the presence of us, who at her request, in her presence and in the presence of each other, all being present at the same time, have hereunto set our ands a i sses: ~~ Na g//r.tb~, _ p:fo/ Address ,/ -13- COMMONWEALTH OF PENNSYLVANIA: SS: COUNTY OF DAUPHIN We, BELLE F. NELSON, the Testatrix and Donn L Snyder , and Mark R Parthemer the witnesses, whose names are signed to the attached foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed, sealed, published, acknowledged, and declared the instrument as her Last Will and Testament; and that she signed willingly and that she executed it as her free and voluntary act for the purposes therein expressed; and that each of the witnesses in the joint presence of each other and in the presence and hearing of the Testatrix, signed the instrument as witness to her Last Will and Testament; and that to the best of their knowledge the Testatrix was at the time eighteen years of age or older, was of sound and disposing mind, memory and understanding, and was under no constraint or undue influence. &1b-- .1. ~ D H~K rk R. Parthemer Witness Subscribed, sworn to and acknowledged before me, the undersigned officer, by BELLE F. NELSON, the Testatrix, and subscribed and sworn to before me by Donn, L Snyder and Mark R Parthemer the'~i tnesses, int\1.e"p,resence of each other, this 9th day of July, 1992. '.. '\ h~~,~~) )~~hz ~TARrAL SEAL Maro~etta F. Miller, Notary Public Harrlsb~rg: PA Dauphin County My Commlsslon Expires Nov. 21, 1995 FIRST CODICIL TO LAST WILL AND TESTAMENT OF BELLE F. NELSON I, BELLE F. NELSON, of the Borough of Camp Hill, County of Cumberland and Commonwealth of Pennsylvania, declare this to be the First Codicil to my Last Will and Testament dated the 9th day of July, 1992. 1. paragraph FOURTH of said Last Will and Testament is amended to include the following subparagraph in paragraph (2): (d) It is intended that this Trust shall qualify as a Charitable Remainder Annuity Trust under Section 664 of the Internal Revenue Code of 1986, as amended. No c:: provisions as stated herein, or omitted c_ hereof, shall operate to disqualify this~ Trust. 1 Additionally, under no condition~ shall the annual distribution be less than~ five (5%) percent of the initial fair market value of all property placed in the Trust. Should this minimum distribution be in excess of the net income in any period, my Trustee may invade the principal as necessary. 2. In all other respects, my said Last Will and Testament dated July 9, 1992 shall remain in full force and effect. IN WITNESS WHEREOF, I have hereunto set my hand and seal this JlilL day of A.ngll~t' , 1992, at the end hereof, composed in all of three pages, including the self-proving attestation clause and signatures of witnesses. !3lJlJ;~~ BELLE F. NELSON WITNESSES: A 1:> iJ= !\j~V\ " _ F~A (-J~}j(f)r /I::/~7.5c.-jJ'1 .4f' 2 COMMONWEALTH OF PENNSYLVANIA: SS: COUNTY OF CUMBERLAND : We, Belle F. Nelson, the Testatrix, Mark R. Parthemer , and Donn L. Snyder , the witnesses, whose names are signed to the attached foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed, sealed, published, acknowledged, and declared the instrument as her First Codicil to her Last Will and Testament; and that she signed willingly and that she executed it as her free and voluntary act for the purposes therein expressed; and that each of the witnesses in the joint presence of each other and in the presence and hearing of the Testatrix, signed the instrument as witness to her First Codicil to her Last Will and Testament; and that to the best of their knowledge the Testatrix was at the time eighteen years of age or older, was of sound and disposing mind, memory and unders:tanding, and was under no constraint or undue influence. Testatrix DO MARK ~~~ R PARTHEMERWi tness Subscribed, sworn to and acknowledged undersigned officer, by BELLE F. NELSON, subscribed and sworn to before me by Donn L. Mark R. Parthemer , witnesses, in the presence this tlL day of Auqust , 1992. before me, the Testatrix, and Snyder and of each other, , :5;dA__~ c- ~l At/- Notary P biic NOTARIAL SEAL SARAH E. APPLEBY. Notary Public My. Commission Expires Dec. 13. 1994 Harrisburt. PA Oa",hin Cmty 3 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT,280601 HARRISBURG, PA 17128-0601 REV-1162 EX(11-96) RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT M&T TRUST COMPANY SUCCESSOR BY ONE WEST HIGH STREEET CARLISLE, PA 17013 --------Iold ESTATE INFORMATION: SSN: 182-40-9714 FILE NUMBER: 2104-0636 DECEDENT NAME: NELSON BELLE F DATE OF PAYMENT: 03/04/2005 POSTMARK DATE: 03/04/2005 COUNTY: CUMBERLAND DATE OF DEATH: 06/06/2004 NO. CD 005024 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 I $500.55 I I I I I I I I TOTAL AMOUNT PAID: $500.55 REMARKS: CHECK# 083588613 SEAL INITIALS: MW RECEIVED BY: REGISTER OF WILLS GLENDA FARNER STRASBAUGH REGISTER OF WILLS ESQ COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF DETERMINATION AND ASSESSMENT OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL ESTATE TAX RETURN DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN '* BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION PO BOX lBD6Dl HARRISBURG PA 171Z8-D6Dl REY-483 EX AFP (03-051 KEVIN M scon SAUL EWING PO BOX 1291 HBG 05-30-2005 NELSON 06-06-2004 21 04-0636 CUMBERLAND 201 BELLE E ~W1t R..i tted PA IL7108 MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CD COURT HOUSE CARLISLE, PA 17013 NOTE: To insure proper crad! to your account, subnit the upper portion of this for. with your tax payment. CUT ALONG THIS LINE .!! RETAIN LOWER PORTION FOR YOUR FILES ...... ~~:'A~1[R.~'.1nfJ:~7.....~ji~b,r,r~Ir.~~.~~IJOrrI!nf.AJnr.A'~!'~"............................ OF PENNSYLV,NIA ESTATE TAX BASED ON FEDERAL ESTATE TAX RETURN -- ESTATE OF NELSON BELLE E FILE NO.2l 04-0636 ACN 201 DATE 05-30-2005 ESTATE TAX DETERMINATION 1. Credit For State Death Taxes as Verified .00 2. Pennsylvanie InheritanFe Tax Assessed (Excluding Discount an~/or Interest) 15.461. 08 3. Inheritance Tax Assess~d by Other States or Territories of the United States (Excluding Discount ard/or Interest) .00 4. Total Inheritence Tex Assessed 15.461. 08 5. Pennsylvania Estate T,x Due .00 TAX CREDITS: PAYMENT DATE RECEIPT NUMBER DISCOUNT (+) INTEREST/PEN PAID (-) AMOUNT PAID (":) '..'_. " I I I, I TOTAL TAX CREDIT BALANCE OF TAX DUE INTEREST AND PEN. TOTAL DUE .00 .00 .00 .00 -IF PAID AFTER THIS DATE, SEE ~EVERSE SIDE (IF TOTAL DUE IS LESS THAN $1, NO PA~ENT IS REQUIRED FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YDU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) <;;:L<:'~ COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF INHERITANCE TAX _ APPRAISEHENT, ALLOWANCE OR DISALLOWANCE DF DEDUCTIONS AND ASSESSHENT OF TAX BUREAU OF INDIVlDUALTAXES,- INHERITANCE TAX DIVISION PD BDX 280601 HARRISBURG PA 11128-0601 DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN '1 ~7 r c. P/'l12: 35 CLm< OnDl 1!,~~,c: t\ nh!'i,-, KEVIN M iSclitff:S~~ SAUL EWING PO BOX 1291 HBG PA 17108 05-30-2005 NELSON 06-06-2004 21 04-0636 CUMBERLAND 101 Amount R..itt.d * REY-1547 EX AFP (03-05) BELLE E MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ IUV-"M.r:"Yf.m.m~'1r!1.W'n'l!C.W.!wtA'rt'~M!r.m.lIW1UTftMM1':.YC[W~M!r.~rr.............. ... DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF NELSON BELLE E FILE NO. 21 04-0636 ACN 101 DATE 05-30-2005 TAX RETURN WAS: I X) ACCEPTED AS FILED ) CHANGED APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Ad.. Costs/Hisc. Expenses (Schedule H) (9) 10. Debts/lIortgog. UeblliU../Uens ISchedule Il (10) 50.70 11. Total Deductions (11) 12. N.t Value of Tax R.turn (12) 13. Ch8ritabl./Sov.r~ental Bequests; Non-elected 9113 Trusts (Schedule J) (13) 14. Net Value of Estat. Subject to Tax (14) NOTE: If an assessment was issued previously, lines 14, IS and/or 16, 17, 18 and reflect figures that include the total of ~ returns assessed to date. ASSESSMENT OF TAX: IS. ~unt of Line 14 at Spousal rat. (IS) 16. Anount of Line 14 taxable at Lineal/Class A rat. (16) 17. ADOUnt of line 14 at Sibling rate (17) 18. A.aunt of Li~ 14 taxable at Collateral/Class B rate (18) 19. Principal Tax Due D T . RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Stock/Partnership Interest (Schedule C) 4. Mortu-ges/Notes Receivable (Schedule D) 5. Cash/Bank Deposlts/Hisc. Personal Property (Schedule E) 6. Jointly Owned Property ISchedul. F) 7. Trensfers (Schedule G) 8. Total Assets + DATE 09-02-2004 03-04-2005 NUHBER CD004336 CD005024 INTEREST/PEN PAID 1-) 789.47 .00 (1) (2) (3) I...) (5) (6) (7) .00 1.589.352.75 .00 .00 2.321. 41 .00 1, 145.951. 78 (8) 114,853.20 .00 X .00 X .00 X 108,337.00 X AHOUNT PAID 15,000.00 500.55 ~ TOTAL TAX CREDIT BALANCE OF TAX DUE INTEREST AND PEN. TOTAL DUE NOTE: To insure proper creel! t to your account, su~it the upper portion of this for. with your tax paYllent. 2,737,625.94 114.903 90 2,622,722.04 2,514,385.04 108,337.00 19 will 00 = 045 = 12 = 15 = .00 .00 .00 16,250.55 16,250.55 119l= 16,290.02 39.47CR .00 39.47CR . IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS LESS THAN $1, NO PAYI1ENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" ICR), YOU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FDRH FOR INSTRUCTIONS.) BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION PO BDX lBD601 HARRISBURG PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE INHERITANCE TAX STATEMENT OF ACCOUNT '* REY-1607 EX AFP (03-05) KEVIN M SCOTT SAUL EWING PO BOX 1291 HBG ESQ DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 06-20-2005 NELSON 06-06-2004 21 04-0636 CUMBERLAND 101 A_unt R..1 tted BELLE E PA 17108 MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 NOTE: To insure proper c....dit to your .ccount, sub.it the upper portion of this fOMl with YOUI"' tax pa~nt. CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ... ................................................................................................................ REV-1607 EX AFP (03-05) ~~~ INHERITANCE TAX STATEMENT OF ACCOUNT KKK ESTATE OF NELSON BELLE E FILE NO.21 04-0636 ACN 101 DATE 06-20-2005 THIS STATEHENT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NAMED ESTATE. SHOWN BELOW IS A SUHHARY OF THE PRINCIPAL TAX DUE, APPLICATION OF ALL PAYMENTS, THE CURRENT BALANCE, AND, IF APPLICABLE, A PROJECTED INTEREST FIGURE. DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 05-23-2005 PRINCIPAL TAX DUE: 16,250.55 PAYMENTS (TAX CREDITS): PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) 09-02-2004 CD004336 789.47 15,000.00 03-04-2005 CD005024 .00 500.55 06-06-2005 REFUND .00 39.47- TOTAL TAX CREDIT 16,250.55 BALANCE OF TAX DUE .00 INTEREST AND PEN. .00 TOTAL DUE .00 . IF PAID AFTER THIS DATE, SEE REVERSE ~ SIDE FOR CALCULATION OF ADDITIONAL INTEREST. I IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" ICRJ, YOU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. J OpT' KEVIN M ~~fT ESQ SAUL EWING PO BOX 1291 HBG PA 17108 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF DETERMINATION AND ASSESSMENT OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL CLOSING LETTER DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN '* r,"'J"""'-'_I~i\r-" {"\:-....I('r (y- BUREAU OF INDIVIOUA("IJ.AllII$..[) '.i 'v: .' IMHERIU,NCE TAX DIVISION PO BOX 280601 '- I HARRISBURG PA 17128-0601 ' REV~15' El U'P (U-ll61 2005 scp -2 Pill?: 07 09-05-2005 NELSON 06-06-2004 21 04-0636 CUMBERLAND 202 APPEAL DATE: 11-04-2005 (See reverse side under Objections) AIIaunt RE!IIitted I I MAKE CHECK PAYABLE AND REMIT PAYMENT TO: BElLE F REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 NOTE: To insure proper credit to your account, submit the upper portion of this fOrM with your tax payment. CUT ALONG THIS LINE -+ RETAIN LOWER PORTION FOR YOUR FILES +- REV=736--EirAFP-Toi':.-ozr----.i-Niific'E-oF--DETERiiiiiAfiiiri-AND-ASSESSMENT------------------------- ---- OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL CLOSING LETTER .. ESTATE OF NELSON BEllE F FILE NO.21 04-0636 ACN 202 DATE 09-05-2005 ESTATE TAX DETERMINATION 1. Credit FDr State Death Taxes as Verified .00 2. Pennsylvania Inheritance Tax Assessed (Excluding DiscDunt and/Dr Interest) 15,461. 08 3. Inheritance Tax Assessed by Other States Dr TerritDries Df the United States (Excluding OiscDunt and/Dr Interest) .00 . 4. TDtal Inheritance Tax Assessed 15.461. 08 5. Pennsylvania Estate Tax Due .00 6. AmDunt Df Pennsylvenia Estate Tax PreviDusly Assessed Based Dn Federal Estate Tax Return .00 7. AdditiDnal Pennsylvania Estate Tax Due .00 TAX CREDITS: PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) TOTAL TAX CREDIT .00 BALANCE OF TAX DUE .00 INTEREST AND PEN. .00 TOTAL DUE .00 -IF PAlO AFJ.ER J.HIS DAJ.E, SEE REVERSE SIDE (IF TOJ.AL DUE IS LESS J.HAN $1, NO PAYMENJ. IS REQUIRED FOR CALCULAUON OF ADDIUONAL INTERESJ.. IF J.OrAL DUE IS REFLECJ.ED AS A "CREDU" ICR), YOU HAY BE ~ DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR T~TIHII"TTn~ '\ \)r cumberland County - Register Of Wills One Courthouse Square Carlisle, PA 17013 Phone: (717) 240-6345 Date: 4/25/2006 SNYDER DONN L 2 NORTH SECOND ST 7TH FLOOR HARRISBURG, PA 17101 RE: Estate of NELSON BELLE F File Number: 2004-00636 Dear Sir/Madam: This notice is to serve as a reminder that the Status Report by Personal Representative under Rule 6.12 is due on the below listed date. As per the AMENDMENTS TO SUPREME COURT ORPHANS' COURT RULES, NO. 103 SUPREME COURT RULES DOCKET NO.1, for decedents dying on or after July 1, 1992, the personal representative or his counsel, within two (2) years of the decedent's death, shall file with the Register of wills a Status Report of completed or uncompleted administration. This filing is due by: 6/06/2006 please feel free to contact this office with any questions you may have. If you have already filed your Status Report, please disregard this notice. Sincerely, ~~~ Glenda Farner Strasbaugh Clerk of the Orphans' Court cc: File Personal Representative(s) Cumberland County - Register Of Wills One Courthouse Square Carlisle, PA 17013 Phone: (717) 240-6345 Date: 4/25/2006 M&T TRUST COMPANY SUCCESSOR BY ONE WEST HIGH STREEET CARLISLE, PA 17013 RE: Estate of NELSON BELLE F File Number: 2004-00636 Dear Sir/Madam: This notice is to serve as a reminder that the Status Report by Personal Representative under Rule 6.12 is due on the below listed date. As per the AMENDMENTS TO SUPREME COURT ORPHANS' COURT RULES, NO. 103 SUPREME COURT RULES DOCKET NO.1, for decedents dying on or after July 1, 1992, the personal representative or his counsel, within two (2) years of the decedent's death, shall file with the Register of Wills a Status Report of completed or uncompleted administration. This filing is due by: 6/06/2006 Please feel free to contact this office with any questions you may have. If you have already filed your Status Report, please disregard this notice. Sincerely, ~~~ Glenda Farner Strasbaugh Clerk of the Orphans' Court cc: File Counsel cUmberland County - Register Of Wills One Courthouse Square Carlisle, PA 17013 Phone: (717) 240-6345 Date: 4/25/2006 MERGER TO DAUPHIN DEPOSIT BANK AND TRUST COMPANY RE: Estate of NELSON BELLE F File Number: 2004-00636 Dear Sir/Madam: This notice is to serve as a reminder that the Status Report by Personal Representative under Rule 6.12 is due on the below listed date. As per the AMENDMENTS TO SUPREME COURT ORPHANS' COURT RULES, NO. 103 SUPREME COURT RULES DOCKET NO. I, for decedents dying on or after July I, 1992, the personal representative or his counsel, within two (2) years of the decedent's death, shall file with the Register of Wills a Status Report of completed or uncompleted administration. This filing is due by: 6/06/2006 please feel free to contact this office with any questions you may have. If you have already filed your Status Report, please disregard this notice. Sincerely, ~~~ Glenda Farner Strasbaugh Clerk of the Orphans' Court cc: File Counsel Register ofWiHs of Cumberland County STATUS REPORTL1J\TDERRULE 6.12 Name of Decedent: ,3 ELL E F l'J EL~C') N Date of Death: G I (~ J ~()()~ Estate No.: JOOL( - 0063L Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 1. State whether administration of the estate is complete: Yes 0 No J$a' 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: 0 &cfrn BffL S) I ;)0 () f.o 3. If the answer to No.1 is Yes, state the following: a. Did the personal representative file a final account with the Court? Yes 0 No 0 b. The separate Orphans' Court No. (if any) for the personal representative's account is: c. Did the personal representative state an account informally to the parties in interest? Yes 0 No 0 c. Copies of receipts, releases, joinders and approval of fonnal or informal accounts may be filed with the Clerk of the Orphans' ~urt and may!!,e (,;" '. , attached to thisreport ~,o ,c't~71' 1~~~~1I kH (01 IV< tCc'T6k Date: 5 /3Io~ n f- ~ , . SIgnature rjv n f)/1.oS: c .fYl () l21C ) ,v} VI- p, vYlA lVl.u::iiCT(He,r~S cf T{Z fiD~(2s I'a-Uf;T CO Name '\ W. N IC~ i--.J ~T , ()f; OL,\ SL--1Z) B4 ) 70 I .~ Address ;; C;O' L1~{)Y Telephone No. SO :2 i!~ C'_ ! "'I r'o' j v 1\ t;.4 ,.;"..;.J 0 Capacity: D&Personal Representative o Counsel for personal representative ~\\ '\ ,,\'~, STATUS REPORT UNDER RULE 6.12 Name of Decedent: Belle F. Nelson Date of Death: June 6, 2004 Register File No. 21-04-00636 Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 1. State whether administration of the estate is complete: Yes No x 2. If the answer to #1 is No, state when the personal representative reasonably believes that the administration will be complete: December 2006 3. If the answer to # 1 is Yes, state the following: a. Did the personal representative file a final account with the Court? Yes No-.X b. The separate Orphans' Court No. (if any) for the personal representative's account is: c. Did the personal representative state an account informally to the parties in interest? Y es ~ No_ d. Copies of receipts, releases, joinders and approvals of formal or information accounts may be filed with the Clerk of the Orphans' Court and may be attached to this report. (copies attached) May je) , 2006 /l /. !\ / . . \.. ~. L. c~:),W~ Kevin M. Scott, Esquire Saul Ewing LLP Attorney for Estate Post Office Box 1291 Harrisburg, P A 17108-1291 717.257.7551 54463.17 5/4/06 (/~.;'i) r \,J I /\,10\. / Cumberland County - Register Of Wills One Courthouse Square Carlisle, PA 17013 Phone: (717) 240-6345 Date: 5/22/2007 t"'_,.1 SNYDER DONN L SAULE EWING LLP 2 N SECOND ST 7TH FL HARRISBURG, PA 17101 (2 1:-) ='::J I -:-_:.. C-" --~... r..) r'.) :-::-""~ ".J --"1 c:) RE: Estate of NELSON BELLE F File Number: 2004-00636 -.l Dear Sir/Madam: This notice is to serve as a reminder that the Status Report by Personal Representative under Rule 6.12 is due on the below listed date. As per the AMENDMENTS TO SUPREME COURT ORPHANS' COURT RULES, NO. 103 SUPREME COURT RULES DOCKET NO.1, for decedents dying on or after July 1, 1992, the personal representative or his counsel, within two (2) years of the decedent's death, shall file with the Register of Wills a Status Report of completed or uncompleted administration. This filing is due by: 6/06/2007 Please feel free to contact this office with any questions you may have. If you have already filed your Status Report, please disregard this notice. Sincerely, .~.~~ ( ./ Glenda Farner Strasbaugh Clerk of the Orphans' Court cc: File Personal Representative(s) Cumberland County - Register Of Wills One Courthouse Square Carlisle, PA 17013 Phone: (717) 240-6345 Date: 5/22/2007 ~-~, ."1 52 M&T TRUST COMPANY SUCCESSOR BY --""... '" r,) f,-) ONE WEST HIGH STREEET CARLISLE, PA 17013 (~::J RE: Estate of NELSON BELLE F File Number: 2004-00636 --.l Dear Sir/Madam: This notice is to serve as a reminder that the Status Report by Personal Representative under Rule 6.12 is due on the below listed date. As per the AMENDMENTS TO SUPREME COURT ORPHANS' COURT RULES, NO. 103 SUPREME COURT RULES DOCKET NO.1, for decedents dying on or after July 1, 1992, the personal representative or his counsel, within two (2) years of the decedent's death, shall file with the Register of wills a Status. Report of completed or uncompleted administration. This filing is due by: 6/06/2007 please feel free to contact this office with any questions you may have. If you have already filed your Status Report, please disregard this notice. Sincerely, ~~~ Glenda Farner Strasbaugh Clerk of the Orphans' Court cc: File Counsel STATUS REPORT UNDER RULE 6.12 Name of Decedent: Belle F. Nelson Date of Death: June 6, 2004 Register File No. 21-04-00636 Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 1. State whether administration of the estate is complete: Yes No x 2. If the answer to #1 is No, state when the personal representative reasonably believes that the administration will be complete: December 2007 3. If the answer to #1 is Yes, state the following: a. Did the personal representative file a final account with the Court? Yes No b. The separate Orphans' Court No. (if any) for the personal representative's account is: c. Did the personal representative state an account informally to the parties in interest? Yes _ No_ d. Copies of receipts, releases, joinders and approvals of formal or information accounts may be filed with the Clerk of the Orphans' Court and may be attached to this report. (copies attached) /1L . L - 6JJcr- Kevin M. Scott, Esquire Saul Ewing LLP Attorney for Estate Post Office Box 1291 Harrisburg, PA 17108-1291 717.257.7551 May 30, 2007 r 2 ; i)' ".,' I'.' n r' t .. " ~. "../ i'. 54463.17 5/29/07 <J Pa. O.C. Rule 6.12 STATUS REPORT REGISTER OF WILLS OF ClQYlt3fIlL/JIJD COUNTY, PENNSYLVANIA Name of Decedent: J.~ E~L,E Date of Death: ~ p()of P. ^ Jf U() )J File Number: dool/-/JO'3t, Pursuant to Pa. O.C. Rule 6.12, I report the following with respect to completion of the administration of the above-captioned estate: 1. State whether administration of the estate is complete: . . . . . . . . . . . . . . . . . . .. DYes ~ No 2. If the answer is No, state when the personal representative reasonably believes that the adIi1inistration will be complete: (9Frf~ ISSUES w/'rll ~NJ()L lUlIfAM,f &rtMc~ liltS fUs(J!:MiIJ ~(fS /J~ ~J(P1fcAifJ) '1bIiE O;mPL"YO -BY t)1C8Yl41rv 311 ~()07 3. If the answer to No.1 is YES, state the following: a. Did the personal representative file a finafaccount with the Court? . . . . . .. DYes DNo b. The separate Orphans' Court No. (if any) for the personal representative's account is: c. Did the personal representative state an account . fi 11 th ... ? . I1""'1v 111 orma y to e partIes 111 111terest. ..............,................. \LJ.l. es DNo Date Capacity: ~Personal Representative 0 Counsel --n/tJ>>1AS E J?1b}t/GJ~ I vlcr ,D1'b~ . Name of Person Filing this Form / LvESr JlI~}/ ST 'Address t?/J~usL-f . p,A /70 1.3 , ;l. '/0 -if S />! Telephone ,,- h';~' . [f I fl._., ,. ... 'II i'., O;"'! I l,..... /. _; For", RtF-fO rev JO./3.06 ~ D G \~~~to-$~-ll ~ ~ ~ 9t)~C(~.~a o COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION NO. 2004-00636 ESTATE OF BELLE F. NELSON, DECEASED ----------------------------------- ----------------------------------- FIRST AND FINAL ACCOUNT OF Manufacturers and Traders Trust Company, Executor --------------------------------------------------------------------------------- --------------------------------------------------------------------------------- Date of Death: June 6, 2004 Date of Executor's Appointment: July 5, 2004 Date of First Advertisement of Letters: The Sentinel July 28, August 4 & 11, 2004 Cumberland Law Journal August 6, 13 & 20, 2004 Accounting for the Period: June 6, 2004 to January 23, 2008 --------------------------------------------------------------------------------- --------------------------------------------------------------------------------- Purpose of Account: Manufacturers and Traders Trust Company, Executor, offers t:his account to acquaint interested parties with the transactions that have occurred during this administration. It is important that the account be carefully examined. Requests for additional information or questions or objections can be discussed with: Manufacturers and Traders Trust Company 1 West High Street Carlisle, PA 17013 (717) 240-4508 ..........) r-:':":) r,"') C~:> () ~ :"'1 .......0 .--'-"', COj Or , --i (,0 Kevin M. Scott Saul Ewing, LLP 2 N. Second St., 7th Harrisburg, PA 17101 (717) 257-7551 N N Floor J SUMMARY OF ACCOUNT Estate of Belle F. Nelson, Deceased For Period of 06/06/2004 through 01/23/2008 Proposed Distributions to Beneficiaries PRINCIPAL Receipts: Per Inventory Filed Subsequent Principal Receipts Net Gain (or Loss) on Sales or Other Disposition Less Disbursements: Debts of Decedent Funeral Expenses Administration Expenses Federal and State Taxes Fees and Commissions Balance before Distributions Distributions to Beneficiaries Principal Balance on Hand For Information: Investments Made Changes in Investment Holdings INCOME Receipts: This Account Net Gain (or Loss) on Sales or Other Disposition Less Disbursements Balance Before Distribution Distributions to Beneficiaries Income Balance on Hand COMBINED BALANCE ON HAND Page 36 Current Value Fiduciary Acquisition Value 1,648,632.99 1,657,955.09 --------------- --------------- --------------- --------------- 3-4 5-9 10-11 12 12 12-13 13 13-15 16 17-18 19-22 23-29 30-32 33-34 35 2 459.70 9,552.00 4,044.50 16,697.55 106,053.88 1,591,674.16 188,695.86 (10,548.55) 1,769,821.47 136,807.63 1,633,013.84 0.00 1,633,013.84 171,304.46 0.00 171,304.46 14,363.21 156,941.25 132,000.00 24,941. 25 1,657,955.09 RECEIPTS OF PRINCIPAL ASSEST LISTED IN THE INVENTORY AND APPRAISEMENT AS FILED: CASH: Church of God Nursing Home - Refund Highmark - Refund RECEIVED FROM BELLE NELSON TRUST: MTB Money Market-Inst I-Fund #420 - Principal Cash MTB Money Market-Inst I-Fund #420 - Income PERSONAL PROPERTY: Gold and Garnet Ring - Appraised Value STOCKS/LISTED: RECEIVED FROM BELLE F. NELSON TRUST: 3,014.422 shares American Century Cap Portfolios - Equity 141 shares Anadarko Petroleum Corp 787 shares BP PLC Sponsored ADR 1,056 shares Exxon Mobil Corporation 1,302.727 shares Harbor International Fund #11 664.538 shares Loomis Sayles Small Cap Value Fund I 220 shares Midcap Spdr Tr Unit Series I 3 1,671.82 529.59 28,781. 84 17,491.03 120.00 23,693.36 7,866.04 42,191. 07 46,046.88 48,552.64 16,241.31 24,039.40 Fiduciary Acquisition Value 48,474.28 120.00 14,279.716 shares MTB Short Duration Government Bond Fund-Inst I-Fund #120 13,926.379 shares MTB Income-Inst I-Fd #143 13,804.079 shares MTB Intermediate Term Bond-Inst I-Fund #220 22,222.714 shares MTB Large Cap Stock-Inst I-Fund #315 3,342.125 shares MTB Mid Cap Growth-Inst I-Fund #401 6,867.17 shares MTB Equity Income Portfolio-Inst I-Fund #43 4,469.763 shares MTB Multi Capital Growth-Inst I-Fund #430 16,321.168 shares MTB PA Municipal Bond-Inst I-Fund #476 13,977.42 shares MTB Short Term Corp Bond-Inst I-Fund #518 1,525.378 shares MTB Small Cap Growth-Inst I-Fund #555 14,639.494 shares MTB US Government Bond-Inst I-Fund #822 107 shares Northrop Grumman Corp 369 shares Union Pacific Corporation BONDS: RECE IVED FROM BELLE F. NELSON TRUST: $44,000 U S Savings Bond Series HH due 3/1/2012 4 137,228.07 137,314.10 137,350.59 202,226.70 45,720.27 66,542.88 63,738.82 164,843.80 137,118.49 27,929.67 137,318.45 11,152.61 21,964.73 44,000.00 1,499,079.88 44,000.00 SUBSEQUENT PRINCIPAL RECEIPTS: 08/03/04 Church of God Nursing Home - Refund of Residents Trust - Closing Balance 09/09/04 Metropolitan Life Insurance Co - Life Insurance Policy #19274425A - Death Proceeds 09/09/04 Metropolitan Life Insurance Co - Annuity Policy #266248RB - Death Proceeds 11/24/04 Loomis Sayles Small Cap Value Fund I - Long Term Capital Gains Distribution 11/24/04 Loomis Sayles Small Cap Value Fund I - Short Term Capital Gains Distribution 11/30/04 MTB Income-Inst I-Fd #143 - Long Term Capital Gains Distribution 11/30/04 MTB Income-Inst I-Fd #143 - Short Term Capital Gains Distribution 11/30/04 MTB Mid Cap Growth-Inst I-Fund #401 - Long Term Capital Gains Distribution 11/30/04 MTB Equity Income Portfolio- Inst I-Fund #43 - Long Term Capital Gains Distribution 11/30/04 MTB Equity Income Portfolio- Inst I-Fund #43 - Short Term Capital Gains Distribution 12/09/04 American Century Cap Portfolios - Equity - Long Term Capital Gains Distribution 12/09/04 American Century Cap Portfolios - Equity - Short Term Capital Gains Distribution 12/14/04 MTB Small Cap Growth-Inst I-Fund #555 - Long Term Capital Gains Distribution 12/14/04 MTB Small Cap Growth-Inst I-Fund #555 - Short Term Capital Gains Distribution 5 20.32 3,930.47 1,112.57 1,080.67 682.88 1,132.21 289.67 753.98 2,495.53 120.18 651. 72 619.77 1,067.76 1,743.36 12/16/04 MTE Large Cap Stock-Inst 17,507.05 I-Fund #315 - Long Term Capital Gains Distribution 12/16/04 MTE Large Cap Stock-Inst 3,793.42 I-Fund #315 - Short Term Capital Gains Distribution 01/03/05 Harbor International Fund #11 - 190.41 Long Term Capital Gains Distribution 05/10/05 Internal Revenue Service - 2,260.00 2004 Individual Income Tax Refund 06/30/05 Cumberland County Register of 39.47 Wills - Pennsylvania Inheritance Tax Refund 11/29/05 MTE Income-Inst I-Fd #143 - 440.35 Long Term Capital Gains Distribution 11/29/05 MTE Large Cap Stock-Inst 13,373.65 I-Fund #315 - Long Term Capital Gains Distribution 11/29/05 MTE Mld Cap Growth-Inst I-Fund 6,259.17 #401 - Long Term Capital Gains Distribution 11/29/05 MTE Equity Income Portfolio- 13,345.67 Inst I-Fund #43 - Long Term Capital Gains Distribution 11/29/05 MTE Equity Income Portfolio- 3,286.14 Inst I-Fund #43 - Short Term Capital Gains Distribution 11/29/05 MTE Small Cap Growth-Inst 92.74 I-Fund #555 - Long Term Capital Gains Distribution 12/07/05 American Century Cap 547.12 Portfolios - Equity - Long Term Capital Gains Distribution 12/07/05 American Century Cap 478.21 Portfolios - Equity - Short Term Capital Gains Distribution 12/21/05 Harbor International Fund #11 - 1,595.43 Long Term Capital Gains Distribution 6 12/30/05 Loomis Sayles Small Cap Value Fund I - Long Term Capital Gains Distribution 12/30/05 Loomis Sayles Small Cap Value Fund I - Short Term Capital Gains Distribution 05/31/06 U S Treasury - Refund of User Fee 12/05/06 MTB Large Cap Stock-Inst I-Fund #315 - Long Term Capital Gains Distribution 12/05/06 MTB Mid Cap Growth-Inst I-Fund #401 - Long Term Capital Gains Distribution 12/05/06 MTB Mid Cap Growth-Inst I-Fund #401 - Short Term Capital Gains Distribution 12/05/06 MTB Equity Income Portfolio- Inst I-Fund #43 - Long Term Capital Gains Distribution 12/05/06 MTB Equity Income Portfolio- Inst I-Fund #43 - Short Term Capital Gains Distribution 12/05/06 MTB Small Cap Growth-Inst I-Fund #555 - Long Term Capital Gains Distribution 12/05/06 MTB Small Cap Growth-Inst I-Fund #555 - Short Term Capital Gains Distribution 12/13/06 American Century Cap Portfolios - Equity - Long Term Capital Gains Distribution 12/13/06 American Century Cap Portfolios - Equity - Short Term Capital Gains Distribution 12/20/06 Harbor International Fund #11 - Long Term Capital Gains Distribution 01/02/07 Loomis Sayles Small Cap Value Fund I - Long Term Capital Gains Distribution 7 1,627.41 149.07 500.00 3,500.89 6,682.07 1,561.17 3,007.55 5,202.10 922.70 4,397.36 908.50 904.20 2,525.36 2,115.12 01/02/07 Loomis Sayles Small Cap Value Fund I - Short Term Capital Gains Distribution 01/05/07 Commonwealth of Pennsylvania - Proceeds of Escheat Claim #99825727 12/05/07 MTE Large Cap Stock-Inst I-Fund #315 - Long Term Capital Gains Distribution 12/05/07 MTE Mld Cap Growth-Inst I-Fund #401 - Long Term Capital Gains Distribution 12/05/07 MTE Mld Cap Growth-Inst I-Fund #401 - Short Term Capital Gains Distribution 12/05/07 MTE Equity Income Portfolio- Inst I-Fund #43 - Long Term Capital Gains Distribution 12/05/07 MTE Equity Income Portfolio- Inst I-Fund #43 - Short Term Capital Gains Distribution 12/05/07 MTE Small Cap Growth-Inst I-Fund #555 - Long Term Capital Gains Distribution 12/05/07 MTE Small Cap Growth-Inst I-Fund #555 - Short Term Capital Gains Distribution 12/11/07 Loomis Sayles Small Cap Value Fund I - Long Term Capital Gains Distribution 12/11/07 Loomis Sayles Small Cap Value Fund I - Short Term Capital Gains Distribution 12/12/07 American Century Cap Portfolios - Equity - Long Term Capital Gains Distribution 12/12/07 American Century Cap Portfolios - Equity - Short Term Capital Gains Distribution 12/20/07 Harbor International Fund #11 - Long Term Capital Gains Distribution 8 427.07 1,106.02 33,105.04 8,964.79 1,020.33 9,098.15 6,698.21 1,098.61 5,015.31 2,141.93 363.39 1,084.77 1,484.79 3,698.01 12/20/07 Harbor International Fund #11 - Short Term Capital Gains Distribution 476.02 TOTAL RECEIPTS OF PRINCIPAL.. . . . . . . . . . . . . . 9 188,695.86 1,780,370.02 -------------- -------------- GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS - PRINCIPAL Gain Loss 09/22/04 16,321.168 shares MTB PA Municipal Bond-Inst I-Fund #476 Net Proceeds Fid. Acq. Value 09/23/04 169,740.15 164,843.80 4,896.35 141 shares Anadarko Petroleum Corp Net Proceeds Fid. Acq. Value 09/23/04 8,820.34 7,866.04 954.30 787 shares BP PLC Sponsored ADR Net Proceeds Fid. Acq. Value 09/23/04 44,645.46 42,191. 07 2,454.39 107 shares Northrop Grumman Corp Net Proceeds Fid. Acq. Value 09/23/04 11,301.07 11,152.61 148.46 369 shares Union Pacific Corp Net Proceeds Fid. Acq. Value 04/18/05 Gold and Garnet Ring Net Proceeds Fid. Acq. Value 21,593.37 21,964.73 371.36 60.00 120.00 60.00 06/02/06 14,279.716 shares MTB Short Duration Government Bond Fund-Inst I-Fund #120 Net Proceeds Fid. Acq. Value 135,228.91 137,228.07 1,999.16 06/02/06 14,113.873 shares MTB Income-Inst I-Fd #143 Net Proceeds Fid. Acq. Value 133,658.37 139,176.33 5,517.96 06/02/06 13,804.079 shares MTB Intermediate Term Bond-Inst I-Fund #220 Net Proceeds Fid. Acq. Value 132,519.16 137,350.59 4,831.43 10 06/02/06 13,977.42 shares MTB Short Term Corp Bond-Inst I-Fund #518 Net Proceeds Fid. Acq. Value 135,580.98 137,118.49 06/02/06 14,639.494 shares MTB US Government Bond-Inst I-Fund #822 Net Proceeds Fid. Acq. Value 132,633.82 137,318.45 TOTAL GAINS AND LOSSES/PRINCIPAL. . . . . . . . . . . LESS LOSS.... . . . . . . . . . . . . . . . . . . . . . . . . . NET GAIN OR LOSS. . . . . . . . . . . . . . . . . . . . . . . . . . . 11 8,453.50 19,002.05 (10,548.55) 1,537.51 4,684.63 19,002.05 07/22/04 04/01/05 07/22/04 07/23/04 07/22/04 07/22/04 09/27/04 10/07/04 02/28/05 03/03/05 05/18/05 05/30/06 07/22/05 DISBURSEMENTS OF PRINCIPAL DEBTS OF DECEDENT Brockie Pharmacy - Medical Expense 50.70 Pennsylvania Dept of Revenue - 2004 Individual Income Tax - Final Return 409.00 TOTAL DEBTS OF DECEDENT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . FUNERAL EXPENSES Belle F. Nelson Trust - Reimbursement for Grave Opening 870.00 Myers-Harner Funeral Home, Inc. - Funeral Expense 8,682.00 TOTAL FUNERAL EXPENSES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ADMINISTRATION EXPENSES Cumberland County Register of Wills - 6 Death Certificates 54.00 Cumberland County Register of Wills - Probate Fees 938.50 Internal Revenue Service - Private Letter Ruling Request for Belle F. Nelson Estate 500.00 Ibis Appraisal Services - Appraisal of Jewelry 30.00 Cumberland County Register of Wills - Certified Copy of Last Will and Testament 5.00 Cumberland County Register of Wills - Filing Pennsylvania Inheritance Tax and Inventory 30.00 Smith, Elliott, Kearns & Co., LLC - 2004 Individual Tax Preparation Fee 350.00 Internal Revenue Service - Letter Ruling User Fee 625.00 Cumberland County Register of Wills - Wills - Short Certificate 4.00 12 459.70 9,552.00 07/20/06 08/31/04 03/03/05 09/07/06 09/05/07 09/22/04 1.0/13/04 1.1/15/04 1.2/13/04 01/05/05 02/14/05 03/15/05 04/19/05 05/16/05 Cumberland County Register of Wills - Short Certificates RE SERVE S : Cumberland County Register of Wills - Filing Fees 8.00 1,500.00 FEDERAL AND STATE TAXES TOTAL ADMINISTRATION EXPENSES. . . . . . . . . . . . . . . . . . . . . . . Cumberland County Register of Wills - Pennsylvania Inheritance Tax Payment Cumberland County Register of Wills - Pennsylvania Inheritance Tax Payment Internal Revenue Service - Fiduciary Income Tax for Year Ending 5/31/06 - Balance Due Pennsylvania Dept of Revenue - Fiduciary Income Tax for Year Ending 5/31/07 - Balance Due 15,000.00 500.55 593.00 604.00 FEES AND COMMISSIONS TOTAL FEDERAL AND STATE TAXES....................... Saul Ewing, LLP - Legal Expense - Services from 6/29 - 8/31/04 Saul Ewing, LLP - Legal Expense - Services 9/1 - 9/30/04 Saul Ewing, LLP - Legal Expense - Services 10/1 - 10/29/04 Saul Ewing, LLP - Legal Expense - Services 11/4 - 11/23/04 Saul Ewing, LLP - Legal Expense - Services 11/24 - 12/27/04 Saul Ewing, LLP - Legal Expense - Services 12/16/04 - 1/28/05 Saul Ewing, LLP - Legal Expense - Services 1/31 - 2/28/05 Saul Ewing, LLP - Legal Expense - Services 3/1 - 3/31/05 Saul Ewing, LLP - Legal Expense - Services 4/1 - 4/30/05 13 18,542.34 3,025.50 1,382.57 1,777.45 282.96 704.47 5,062.40 1,995.95 29.60 4,044.50 16,697.55 07/18/05 Saul Ewing, LLP - Legal Expense - 280.00 Services 5/1 - 6/30/05 08/16/05 Saul Ewing, LLP - Legal Expense - 65.00 Services 7/1 - 7/31/05 10/05/05 Saul Ewing, LLP - Legal Expense - 1,168.28 Services 8/1 - 8/31/05 12/20/05 Saul Ewing, LLP - Legal Expense - 1,256.00 Services 9/1 - 11/30/05 01/19/06 Saul Ewing, LLP - Legal Expense - 76.00 Services 12/1 - 12/31/05 02/21/06 Saul Ewing, LLP - Legal Expense - 282.00 Services 1/1 - 1/31/06 03/13/06 Saul Ewing, LLP - Legal Expense - 1,177.07 Services 2/1 - 2/28/06 04/19/06 Saul Ewing, LLP - Legal Expense - 2,775.50 Services 3/1 - 3/31/06 05/10/06 Saul Ewing, LLP - Legal Expense - 2,820.00 Services 4/1 - 4/30/06 06/28/06 Saul Ewing, LLP - Legal Expense - 2,452.11 Services 5/1 - 5/31/06 07/18/06 Saul Ewing, LLP - Legal Expense - 378.49 Services 6/1 - 6/30/06 10/13/06 Saul Ewing, LLP - Legal Expense - 98.05 Services 9/1 - 9/30/06 12/13/06 Saul Ewing, LLP - Legal Expense - 2,795.50 Services 11/1 - 11/30/06 01/19/07 Saul Ewing, LLP - Legal Expense - 400.50 Services 12/1 - 12/31/06 02/20/07 Saul Ewing, LLP - Legal Expense - 156.63 Services 1/1 - 1/31/07 04/26/07 Saul Ewing, LLP - Legal Expense - 182.00 Services 3/1 - 3/27/07 05/16/07 Saul Ewing, LLP - Legal Expense - 1,240.00 Services 4/1 - 4/30/07 06/21/07 Saul Ewing, LLP - Legal Expense - 241.00 Services 5/1 - 5/31/07 07/23/07 Saul Ewing, LLP - Legal Expense - 390.00 Expense - Services 6/1 - 6/30/07 14 013/21/07 10/16/07 11/16/07 12/14/07 0!5/31/06 Saul Ewing, LLP - Legal Expense - Services 7/1 - 7/31/07 255.00 Saul Ewing, LLP - Legal Expense - Services thru 9/27/07 1,144.42 Saul Ewing, LLP - Legal Expense - Services thru 10/31/07 867.00 Saul Ewing, LLP - Legal Expense - Services thru 11/30/07 1,250.09 Manufacturers and Traders Trust Company - Partial Executor Fee 30,000.00 RESERVES: Kevin M. Scott, Saul Ewing, LLP - Attorney Fee 5,000.00 Manufacturers and Traders Trust Company - Executor Fee - Balance Due 16,500.00 TOTAL FEES AND COMMISSIONS.......................... TOTAL DISBURSEMENTS OF PRINCIPAL.................... 15 106,053.88 136,807.63 -------------- -------------- # Units 3,837.93 1,056 1,441. 75 1,000.31 220 30,735.664 5,129.864 12,589.343 4,469.763 2,347.96 PRINCIPAL BALANCE ON HAND Description MTB Money Market-Inst I-Fund #420 $44,000 U S Savings Bond Series HH due 3/1/2012 American Century Equity Income Fund Inst Class Exxon Mobil Corporation Harbor International Fund #11 Loomis Sayles Small Cap Value Fund I Midcap Spdr Tr Unit Series I MTB Large Cap Stock-Inst I-Fund #315 MTB Mid Cap Growth-Inst I-Fund #401 MTB Equity Income Portfolio-Inst I-Fund #43 MTB Multi Capital Growth-Inst I-Fund #430 MTB Small Cap Growth-Inst I-Fund #555 16 Current Value Fiduciary Acquisition or as Noted Value 846,417.13 846,417.13 44,000.00 44,000.00 27,633.10 30,372.44 87,067.20 46,046.88 89,590.35 57,037.87 21,646.71 24,828.85 30,003.60 24,039.40 228,673.34 273,506.75 61,814.86 70,961. 78 73,773.55 109,796.41 77,148.11 63,738.82 35,923.79 42,267.51 1,623,691.74 1,633,013.84 --------------- --------------- --------------- --------------- 11/24/04 11/30/04 11/30/04 11/30/04 12/09/04 12/14/04 12/16/04 01/03/05 11/29/05 11/29/05 11/29/05 11/29/05 11/29/05 12/07/05 12/21/05 12/30/05 12/05/06 12/05/06 12/05/06 INVESTMENTS MADE - PRINCIPAL # Units Cost 70.882 shares Loomis Sayles Small Cap Value Fund I 1,763.55 51.117 shares MTB ~d Cap Growth-Inst I-Fund #401 753.98 142.33 shares MTB Income-Inst I-Fd #143 1,421.88 264.213 shares MTB Equity Income Portfolio-Inst I-Fund #43 2,615.71 160.948 shares American Century Cap Portfolios - Equity 1,271.49 170.062 shares MTB Small Cap Growth-Inst I-Fund #555 2,811.12 2,557.079 shares MTB Large Cap Stock-Inst I-Fund #315 21,300.47 4.453 shares Harbor International Fund #11 190.41 45.164 shares MTB Income-Inst I-Fd #143 440.35 5.272 shares MTB Small Cap Growth-Inst I-Fund #555 92.74 2,105.292 shares MTB Equity Income Portfolio-Inst I-Fund #43 16,631.81 418.114 shares MTB ~d Cap Growth-Inst I-Fund #401 6,259.17 1,588.319 shares MTB Large Cap Stock-Inst I-Fund #315 13,373.65 129.461 shares American Century Cap Portfolios - Equity 1,025.33 32.74 shares Harbor International Fund #11 1,595.43 70.217 shares Loomis Sayles Small Cap Value Fund I 1,776.48 980.842 shares MTB Equity Income Portfolio-Inst I-Fund #43 8,209.65 580.51 shares MTB ~d Cap Growth-Inst I-Fund #401 8,243.24 393.358 shares MTB Large Cap 3,500.89 17 12/05/06 12/13/06 12/20/06 01/02/07 12/05/07 12/05/07 12/05/07 12/05/07 12/11/07 12/12/07 12/20/07 Stock-Inst I-Fund #315 289.291 shares MTB Small Cap Growth-Inst I-Fund #555 5,320.06 210.29 shares American Century Equity Income Fund Inst Class 1,812.70 41.372 shares Harbor International Fund #11 2,525.36 96.077 shares Loomis Sayles Small Cap Value Fund I 2,542.19 3,974.194 shares MTB Large Cap Stock-Inst I-Fund #315 33,105.04 2,371.826 shares MTB Equity Income Portfolio-Inst I-Fund #43 15,796.36 737.998 shares MTB ~d Cap Growth-Inst I-Fund #401 9,985.12 357.957 shares MTB Small Cap Growth-Inst I-Fund #555 6,113. 92 98.596 shares Loomis Sayles Small Cap Value Fund I 2,505.32 322.809 shares American Century Equity Income Fund Inst Class 2,569.56 60.458 shares Harbor International Fund #11 4,174.03 18 CHANGES IN INVESTMENT HOLDINGS - PRINCIPAL $~l4 , 000 U S Savings Bond SE!ries HH due 3/1/2012 06/06/04 inventoried American Century Cap Portfolios - Equity 06/06/04 12/09/04 12/07/05 12/13/06 12/12/07 3,014.422 shares inventoried 160.948 shares purchased 129.461 shares purchased 210.29 shares purchased 322.809 shares purchased 3,837.93 -------------- -------------- Anadarko Petroleum Corp 06/06/04 09/23/04 141 shares inventoried (141)shares sold o -------------- -------------- BP PLC Sponsored ADR 06/06/04 09/23/04 787 shares inventoried (787)shares sold o -------------- -------------- Exxon Mobil Corporation ----------------------- 06/06/04 1,056 shares inventoried 1,056 -------------- -------------- Gold and Garnet Ring 06/06/04 04/18/05 inventoried sold Ha.rbor International Fund #11 19 Cost 44,000.00 44,000.00 -------------- ------------- 23,693.36 1,271.49 1,025.33 1,812.70 2,569.56 30,372.44 -------------- -------------- 7,866.04 (7,866.04) 0.00 -------------- -------------- 42,191. 07 (42,191.07) 0.00 -------------- -------------- 46,046.88 46,046.88 -------------- -------------- 120.00 (120.00) 0.00 -------------- -------------- 06/06/04 01/03/05 12/21/05 12/20/06 12/20/07 1,302.727 shares inventoried 4.453 shares purchased 32.74 shares purchased 41.372 shares purchased 60.458 shares purchased 48,552.64 190.41 1,595.43 2,525.36 4,174.03 1,441.75 57,037.87 -------------- ----------- -------------- -------------- Loomis Sayles Small Cap Value Fund I 06/06/04 11/24/04 12/30/05 01/02/07 12/11/07 664.538 shares inventoried 70.882 shares purchased 70.217 shares purchased 96.077 shares purchased 98.596 shares purchased 16,241.31 1,763.55 1,776.48 2,542.19 2,505.32 1,000.31 24,828.85 -------------- ------------ -------------- -------------- Midcap Spdr Tr Unit Series I 06/06/04 220 shares inventoried 24,039.40 220 24,039.40 -------------- -------------- -------------- -------------- M'I'B Short Duration Government Bond Fund-Inst I-Fund #120 06/06/04 06/02/06 14,279.716 shares inventoried (14,279.716)shares sold 137,228.07 (137,228.07) o 0.00 -------------- ------------- -------------- ------------- MTB Income-Inst I-Fd #143 06/06/04 11/30/04 11/29/05 06/02/06 13,926.379 shares inventoried 142.33 shares purchased 45.164 shares purchased (14,113.873)shares sold 137,314.10 1,421.88 440.35 (139,176.33) o 0.00 -------------- -------------- -------------- -------------- MITB Intermediate Term Bond-Inst I-Fund #220 06/06/04 06/02/06 13,804.079 shares inventoried (13,804.079)shares sold 137,350.59 (137,350.59) o 0.00 -------------- -------------- -------------- -------------- 20 ~~B Large Cap Stock-Inst I-Fund #315 ------------------------------------ 06/06/04 12/16/04 11/29/05 12/05/06 12/05/07 22,222.714 shares inventoried 2,557.079 shares purchased 1,588.319 shares purchased 393.358 shares purchased 3,974.194 shares purchased 202,226.70 21,300.47 13,373.65 3,500.89 33,105.04 30,735.664 273,506.75 ------------- -------------- -------------- -------------- MITB ~d Cap Growth-Inst I-Fund #401 ----------------------------------- 06/06/04 11/30/04 11/29/05 12/05/06 12/05/07 3,342.125 shares inventoried 51.117 shares purchased 418.114 shares purchased 580.51 shares purchased 737.998 shares purchased 45,720.27 753.98 6,259.17 8,243.24 9,985.12 5,129.864 70,961. 78 -------------- -------------- -------------- -------------- MITB Equity Income Portfolio- Inst I-Fund #43 06/06/04 11/30/04 11/29/05 12/05/06 12/05/07 6,867.17 shares inventoried 264.213 shares purchased 2,105.292 shares purchased 980.842 shares purchased 2,371.826 shares purchased 66,542.88 2,615.71 16,631. 81 8,209.65 15,796.36 12,589.343 109,796.41 -------------- -------------- ----------- -------------- MTB Multi Capital Growth- Inst I-Fund #430 06/06/04 4,469.763 shares inventoried 63,738.82 4,469.763 63,738.82 -------------- -------------- -------------- -------------- MTB PA Municipal Bond- Inst I-Fund #476 06/06/04 09/22/04 16,321.168 shares inventoried (16,321.168)shares sold 164,843.80 (164,843.80) o 0.00 -------------- -------------- -------------- -------------- 21 HTB Short Term Corporate Bond-Inst I-Fund #518 06/06/04 06/02/06 13,977.42 shares inventoried (13,977.42)shares so~d 137,118.49 (137,118.49) o 0.00 -------------- -------------- -------------- -------------- ~ITB Sma~~ Cap Growth- Inst I-Fund #555 06/06/04 12/14/04 11/29/05 12/05/06 12/05/07 1,525.378 shares inventoried 170.062 shares purchased 5.272 shares purchased 289.291 shares purchased 357.957 shares purchased 27,929.67 2,811.12 92.74 5,320.06 6,113.92 2,347.96 42,267.51 -------------- -------------- -------------- -------------- ~ITB US Government Bond- Inst I-Fund #822 06/06/04 06/02/06 14,639.494 shares inventoried (14,639.494)shares sold 137,318.45 (137,318.45) o 0.00 -------------- -------------- -------------- -------------- Northrop Grumman Corp Cl6/06/04 Cl9/23/04 107 shares inventoried (107)shares sold 11,152.61 (11,152.61) o 0.00 -------------- -------------- -------------- -------------- Union Pacific Corporation 06/06/04 Cl9/23/04 369 shares inventoried (369)shares sold 21,964.73 (21,964.73) o 0.00 -------------- -------------- -------------- -------------- 22 ~nerican Century Cap Portfolios - Equity 09/17/04 12/29/04 03/16/05 06/15/05 09/14/05 12/29/05 03/15/06 06/14/06 09/13/06 12/28/06 03/14/07 06/13/07 09/12/07 12/31/07 Exxon Mobil Corporation 12/10/04 03/10/05 06/10/05 09/09/05 12/09/05 03/10/06 06/09/06 09/11/06 12/11/06 03/09/07 06/11/07 09/10/07 12/10/07 Harbor International Fund #11 01/03/05 12/21/05 12/20/06 12/20/07 RECEIPTS OF INCOME DIVIDENDS 155.54 136.86 111.14 118.12 167.02 192.67 156.65 112.36 152.02 297.03 89.28 210.20 190.17 343.11 285.12 285.12 306.24 306.24 306.24 337.92 337.92 337.92 337.92 337.92 369.60 369.60 369.60 723.32 1,347.22 1,957.53 1,457.64 23 2,432.17 4,287.36 5,485.71 Loomis Sayles Small Cap Value Fund I 12/17/04 12/30/05 01/02/07 12/11/07 Midcap Spdr Tr Unit Series I 10/29/04 01/31/05 O.~/29/05 07/29/05 10/31/05 01/31/06 04/28/06 07/31/06 10/31/06 01/31/07 04/30/07 07/31/07 10/31/07 M:m Large Cap Stock-Inst I-Fund #315 09/30/04 12/30/04 03/30/05 06/29/05 09/29/05 12/29/05 09/28/06 12/28/06 12/28/07 MTE Equity Income Portfolio- Inst I-Fund #43 09/30/04 10/29/04 11./30/04 12/30/04 01/28/05 02/25/05 03/30/05 04,128/05 0'5/27/05 06/29/05 07/29/05 08/30/05 09/29/05 10/28/05 16.55 107.22 140.83 54.64 51. 71 67.30 50.71 107.05 69.67 80.15 83.65 89.18 74.82 131.75 134.97 93.19 77.13 177.78 768.17 74.34 223.02 297.36 2,953.23 395.52 2,649.39 1,463.02 96.14 96.14 96.14 335.18 99.84 92.71 78.45 71.31 114.10 114.10 114.10 114.10 121. 23 128.36 24 319.24 1,111.28 9,001. 83 11/29/05 12/29/05 01/30/06 02/27/06 03/30/06 04/27/06 05/30/06 06/29/06 07/28/06 08/30/06 09/28/06 10/30/06 11/29/06 12/28/06 01/30/07 02/27/07 03/29/07 04/27/07 05/30/07 06/28/07 07/30/07 08/30/07 09/27/07 10/30/07 11/29/07 12/28/07 128.36 110.84 101.60 110.84 110.84 110.84 138.55 157.02 157.02 157.02 184.73 184.73 184.73 224.79 102.18 102.18 102.18 102.18 122.61 122.61 122.61 132.83 143.05 163.48 183.92 305.92 }ITB Multi Capital Growth- Inst I-Fund #430 12/29/05 12/28/07 196.67 26.81 TOTAL DIVIDEND INCOME..................... INTEREST ~j44, 000 U S Savings Bond Series HH due 3/1/2012 03/03/05 09/01/05 03/01/06 09/06/06 03/01/07 08/31/07 880.00 880.00 880.00 880.00 880.00 880.00 25 5,439.56 223.48 28,300.63 -------------- -------------- 5,280.00 ~ITB Money Market-Inst I-Fund #420 08/02/04 09/01/04 10/01/04 11/01/04 12/01/04 01/03/05 02/01/05 03/01/05 04/01/05 05/03/05 06/01/05 07/01/05 08/01/05 09/01/05 10/03/05 11/01/05 12/01/05 01/03/06 02/01/06 03/01/06 04/03/06 05/01/06 06/01/06 07/03/06 08/01/06 09/01/06 10/02/06 11/01/06 12/01/06 01/02/07 02/01/07 03/01/07 04/02/07 05/01/07 06/01/07 07/02/07 08/01/07 09/04/07 10/01/07 11/01/07 12/03/07 01/02/08 MTB Short Duration Government Bond Fund-Inst I-Fund #120 10/01/04 11/01/04 12/01/04 01/03/05 02/01/05 03/01/05 04/01/05 05/02/05 8.32 31.69 95.09 296.40 329.43 402.39 457.49 460.21 550.91 567.60 625.18 636.61 702.90 757.46 778.14 846.13 878.59 976.84 1,028.78 977.58 1,107.97 1,126.20 1,189.30 3,511.76 3,833.28 3,974.19 3,906.67 4,044.89 3,934.76 3,964.57 3,529.35 3,208.31 3,561. 53 3,446.22 3,571.08 3,473.17 3,603.71 3,611 . 67 3,616.23 3,654.57 3,367.56 3,334.52 194.16 267.74 254.55 283.18 282.30 301.94 320.62 324.98 26 83,979.25 06/01/05 07/01/05 08/01/05 09/01/05 10/03/05 11/01/05 12/01/05 01/03/06 02/01/06 03/01/06 04/03/06 05/01/06 06/01/06 07/03/06 300.07 288.23 306.63 320.33 339.03 326.36 354.14 436.37 378.57 393.24 402.59 409.76 414.11 14.03 MTB Income-Inst I-Fd #143 10/01/04 11/01/04 1:2/01/04 01/03/05 0:2/01/05 03/01/05 04/01/05 05/02/05 06/01/05 07/01/05 013/01/05 09/01/05 10/03/05 11/01/05 12/01/05 01/03/06 02/01/06 03/01/06 04/03/06 05/01/06 06/01/06 07/03/06 303.00 421.41 449.65 510.07 503.10 429.94 454.88 506.61 553.02 516.60 467.73 457.95 468.96 440.88 467.11 426.22 420.27 459.60 514.83 542.25 529.59 18.15 MTB Inte=ediate Te= Bond-Inst I-Fund #220 10/01/04 11/01/04 12/01/04 01/03/05 02/01/05 03/01/05 04/01/05 0!5/02/05 06/01/05 07/01/05 013/01/05 399.77 521. 93 491.04 548.84 572.62 502.89 500.94 536.78 542.31 505.03 436.65 27 6,912.93 9,861.82 09/01/05 10/03/05 11/01/05 12/01/05 01/03/06 02/01/06 03/01/06 04/03/06 05/01/06 06/01/06 07/03/06 MTB PA Municipal Bond-Inst I-Fund #476 10/01/04 MTB Short Term Corporate Bond-Inst I-Fund #518 10/01/04 11/01/04 12/01/04 01/03/05 02/01/05 03/01/05 04/01/05 05/02/05 06/01/05 07/01/05 OB/01/05 09/01/05 10/03/05 11/01/05 1:2/01/05 01/03/06 0:2/01/06 03/01/06 04/03/06 05/01/06 06/01/06 07/03/06 MrB US Government Bond-Inst I-Fund #822 10/01/04 11/01/04 12/01/04 01/03/05 02/01/05 03/01/05 04/01/05 05/02/05 06/01/05 07/01/05 415.85 427.66 430.98 463.94 450.99 430.03 440.73 472.91 484.93 483.29 16.28 195.41 275.35 279.25 315.33 282.99 287.51 282.36 294.80 290.62 316.91 324.43 330.97 346.50 344.01 354.50 367.94 359.21 390.06 394.27 399.53 402.08 13.85 386.40 510.67 527.14 552.25 518.26 479.15 515.14 558.46 562.28 528.19 28 10,076.39 221. 65 6,847.88 08/01/05 09/01/05 10/03/05 11/01/05 12/01/05 01/03/06 02/01/06 03/01/06 04/03/06 05/01/06 06/01/06 07/03/06 444.66 418.34 435.07 449.80 481. 39 462.11 438.95 465.27 489.08 484.86 473.30 15.86 TOTAL INTEREST INCOME..................... OTHER INCOME Received from Belle F. Nelson Trust 10/28/04 Interest received after Date of Death TOTAL OTHER INCOME.. . . . . . . . . . . . . . . . . . . . . . . TOTAL RECEIPTS OF INCOME....... . . . . . . . . . . . 29 10,196.63 133,376.55 -------------- -------------- 9,627.28 9,627.28 -------------- -------------- 171,304.46 -------------- -------------- 09/07/04 10/06/04 11/08/04 1:2/06/04 01/06/05 0:2/07/05 03/07/05 04/06/05 05/06/05 06/06/05 07/06/05 08/08/05 09/06/05 09/09/05 09/09/05 10/06/05 11/07/05 DISBURSEMENTS OF INCOME Manufacturers and Traders Trust Company - Commission Manufacturers and Traders Trust Company - Commission Manufacturers and Traders Trust Company - Commission Manufacturers and Traders Trust Company - Commission Manufacturers and Traders Trust Company - Commission Manufacturers and Traders Trust Company - Commission Manufacturers and Traders Trust Company - Commission Manufacturers and Traders Trust Company - Commission Manufacturers and Traders Trust Company - Commission Manufacturers and Traders Trust Company - Commission Manufacturers and Traders Trust Company - Commission Manufacturers and Traders Trust Company - Commission Manufacturers and Traders Trust Company - Commission Internal Revenue Service - Fiduciary Income Tax for Year Ending 5/31/05 - Balance Due Pennsylvania Dept of Revenue - Fiduciary Income Tax for Year Ending 5/31/05 - Balance Due Manufacturers and Traders Trust Company - Commission Manufacturers and Traders Trust Company - Commission 30 1. 90 133.50 146.47 250.24 188.04 167.05 206.06 190.44 174.68 179.26 213.17 174.26 221.70 464.00 1,683.00 221.22 182.17 12/06/05 Manufacturers and Traders 187.68 Trust Company - Commission 01/06/06 Manufacturers and Traders 500.06 Trust Company - Commission 0:2/06/06 Manufacturers and Traders 194.26 Trust Company - Commission 03/06/06 Manufacturers and Traders 247.03 Trust Company - Commission 04/06/06 Manufacturers and Traders 239.23 Trust Company - Commission 05/08/06 Manufacturers and Traders 218.53 Trust Company - Commission 06/06/06 Manufacturers and Traders 217.82 Trust Company - Commission 07/06/06 Manufacturers and Traders 251.84 Trust Company - Commission 08/07/06 Manufacturers and Traders 244.77 Trust Company - Commission 09/06/06 Manufacturers and Traders 247.87 Trust Company - Commission 09/07/06 Pennsylvania Dept of Revenue - 2,516.00 Fiduciary Income Tax for Year Ending 5/31/06 - Balance Due 10/06/06 Manufacturers and Traders 351.41 Trust Company - Commission 11/06/06 Manufacturers and Traders 258.27 Trust Company - Commission 12/06/06 Manufacturers and Traders 247.17 Trust Company - Commission 01/08/07 Manufacturers and Traders 574.33 Trust Company - Commission Cl2/06/07 Manufacturers and Traders 225.80 Trust Company - Commission Cl3/06/07 Manufacturers and Traders 251.43 Trust Company - Commission 04/06/07 Manufacturers and Traders 245.46 Trust Company - Commission 05/07/07 Manufacturers and Traders 221.01 Trust Company - Commission 06/06/07 Manufacturers and Traders 221.62 31 Trust Company - Co=ission 07/06/07 Manufacturers and Traders 250.54 Trust Company - Co=ission 013/06/07 Manufacturers and Traders 229.17 Trust Company - Co=ission 09/06/07 Manufacturers and Traders 277.47 Trust Company - Co=ission 10/09/07 Manufacturers and Traders 259.15 Trust Company - Co=ission 11/06/07 Manufacturers and Traders 233.71 Trust Company - Co=ission 12/06/07 Manufacturers and Traders 213.09 Trust Company - Co=ission 01/07/08 Manufacturers and Traders 441. 33 Trust Company - Co=ission TOTAL DISBURSEMENTS OF INCOME.................. 32 14,363.21 -------------- -------------- DISTRIBUTIONS OF INCOME TO BENEFICIARIES Paul Nelson 1.2/27/06 Advance Distribution per Receipt & Release 4,000.00 Nancy Rudolph 12/27/06 Advance Distribution per Receipt & Release 4,000.00 Karin Schatz 12/27/06 Advance Distribution per Receipt & Release 4,000.00 Alzheimer's Association of South Central Pennsylvania 12/27/06 Advance Distribution per Receipt & Release 9,000.00 .lI.merican Bible Society 07/23/07 Advance Distribution per Receipt & Release 9,000.00 Bethesda MQssion 12/27/06 Advance Distribution per Receipt & Release 4,800.00 Billy Graham Evangelical Association 12/27/06 Advance Distribution per Receipt & Release 4,800.00 Camp Hill Presbyterian Church 12/27/06 Advance Distribution per Receipt & Release 60,000.00 Christian Churches United of the Tri-County Area for HELP MQnistry 12/27/06 Advance Distribution per Receipt & Release 2,400.00 Holy Spirit Hospital 12/27/06 Advance Distribution per Receipt & Release 9,000.00 33 Pinnacle Health System ---------------------- 12/27/06 Advance Distribution per 9,000.00 Receipt & Release Robert H. Schuller 'relevangelism Association ------------------------- 12/27/06 Advance Distribution per 4,800.00 Receipt & Release Salvation Army -------------- 12/27/06 Advance Distribution per 2,400.00 Receipt & Release United Way of the Capital Region 12/27/06 Advance Distribution per Receipt & Release 4,800.00 TOTAL DISTRIBUTIONS TO BENEFICIARIES...... 132,000.00 -------------- -------------- 34 INCOME BALANCE ON HAND Current Value Fiduciary Acquisition Value Description or as Noted MTB Money Market-Inst I-Fund #420 24,941.25 24,941. 25 24,941.25 24,941.25 --------------- --------------- --------------- --------------- 35 PROPOSED DISTRIBUTIONS TO BENEFICIARIES # Units or as Noted Fiduciary Acquisition Value Current Value Belle F. Nelson Residuary Trust, Manufacturers and Traders Trust Company, Trustee - Entire Residue -------------------------------------------------- Principal: MTB Money Market-Inst I-Fund #420 $44,000 U S Savings Bond Series HH due 3/1/2012 3,837.93 shares American Century Equity Income Fund Inst Class 1,056 shares Exxon Mobil Corporation 1,441.75 shares Harbor International Fund #11 1,000.31 shares Loomis Sayles Small Cap Value Fund I 220 shares Midcap Spdr Tr Unit Series I 30735. 664shares MTB Large Cap Stock-Inst I-Fund #315 ~)129. 864 shares MTB Mid Cap Growth-Inst I-Fund #401 12589.343shares MTB Equity Income Portfolio-Inst I-Fund #43 4469.763 shares MTB Multi Capital Growth-Inst I-Fund #430 2,347.96 shares MTB Small Cap Growth-Inst I-Fund #555 846,417.13 846,417.13 44,000.00 44,000.00 27,633.10 30,372.44 87,067.20 46,046.88 89,590.35 57,037.87 21,646.71 24,828.85 30,003.60 24,039.40 228,673.34 273,506.75 61,814.86 70,961. 78 73,773.55 109,796.41 77,148.11 63,738.82 35,923.79 42,267.51 1,623,691.74 1,633,013.84 -------------- -------------- -------------- -------------- Income: MTB Money Market-Inst I-Fund #420 24,941. 25 24,941. 25 1,648,632.99 1,657,955.09 -------------- -------------- -------------- -------------- 36 AFFIDAVIT Manufacturers and Traders Trust Company, Executor under the Last Will and Testament of BELLE F. NELSON, deceased, hereby declares under oath that it has fully and faithfully discharged the duties of its office; that the foregoing Account is true and correct and fully discloses all significant transactions occurring during the accounting period; that all known claims against the Estate have been paid in full; that, to its knowledge, there are no claims now outstanding against the Estate; that all taxes presently due from the Estate have been paid; and that more than four months have elapsed since the first complete advertisement of the granting of letters in this Estate. Manufacturers and Traders Trust Company, Executor Subscribed and sworn before me this ~lStI :ja 1\ Ll a <-j day of , 2008. .~~_ ~'. L(JL~ Notary Ub1.ic COMMONWEALTH OF PENNSYLVANIA Notarial Seal Gwendoiyn E. Killian, Notary Public Ceriisie Bora, Cumberland County My Commission Expires Nov. 22, 2008 MemLJi::t, Pennsylvania AssGc1atlon Of Notaries 37 . < . , ' (l..l< Lf) I rill \IJ 7 D1'/'~ UI'IIl-,~IU I I COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION TRUST UNDER WILL OF BELLE F. NELSON No. 893 of2004 ORDER AND NOW, this 3.( day of ~2P07, IT IS HEREBY ORDERED: (A) Manufacturers and Traders Trust Company's Motion for withdrawal of the Petition for Reformation of the Belle F. Nelson Trust to qualify as a charitable remainder trust is granted and; (B) Manufacturers and Traders Trust Company;s Petition to reform the charitable" annuity payable under Will of Belle F. Nelson to qualify as a guaranteed charitable annuity interest under IRS Regulation 20.2055-2(e)(2)(vi) is granted with the "Limited Power to Amend" section of the reformed trust hereby amended as follows: "(1<) All beneficiaries and the Trustee ofthe Trust may enter into a binding nonjudicial settlement agreement to amend the Trust in order to comply with existing tax law, to react efficiently to changes in tax law and to maximize tax benefits after notice to the Commonwealth of Pennsylvania, Office of Attorney General. Such amendment shall be consistent with the section of the Pennsylvania version of the Uniform Trust Act, currently codified anO Pa. C,S.A. 9771 0.1(d)(11) which states, "Matters that may be resolved by a nonjudicial settlement agreement include the following ... (11) the modifIcation or termination of the trust." The reformed trust approved by this Court is annexed hereto. ~ M 0.... l;.. . c::~ <'..~) ~;; ~~J (j.-: I I '. c: (.~5 C-:-O' .. .- 2:~: ~0 ~W cc .c 1-- 0..': . CL : '~3C C)C).._. ......C'"r'=:,. ~~(- a:: "-: . O~ (5 B :c . ...::;:: ..s I <....> LJ.J . C r-- = => C"'-l 1. f:P; r. ..' . .." . { ._----_._---~-----._-----------~_._-~..--'._._.._._--_..------------.--- -'---~--.._-_.- (2) Predeceased Spouse. (a) Should my husband predecease me, or not survive me by thirty (30) days, or survive me and subsequently die, then and in that event, my estate shall be distributed to my Trustee in trust to be administered under this provision. The trust shall be known as the FRITZ C. and BELLE F. NELSON Charitable Trust. (b) Payment of Annuity Amount to Non-Charitable Beneficiaries. The Trustee shall pay $6,000 yearly in equal shares to NANCY RUDOLPH, KAREN SCHATZ and PAUL NELSON (hereinafter, "the Non-charitable Recipients") during their joint lives, and upon the death of one (hereinafter "the Predeceasing Non-charitable Recipient"), the Trustee shall pay the entire $6,000 (subject to proration in paragraph e) in equal shares to the survivors or survivor (hereinafter "the Survivor Recipient"). (b 1) Payment of Annuity Amount to Charitable Beneficiaries. In each taxable year of the trust during the annuity period, the Trustee shall pay an amount equal to four and six tenths percent (4.6%) of initial fair market value of the Trust's assets at my death to the following charitable organizations in the following manner: (i) One half to the CAMP HILL PRESBYTERIAN CHURCH of Camp Hill, Pennsylvania, and (ii) One half in the following amounts: A. Fifteen percent (15%) thereof each to aid the HOLY SPIRIT HOSPITAL OF THE SISTERS OF CHRISTIAN CHARITY, Camp Hill, Pennsylvania, CAPIT AL HEALTH SYSTEMS, Harrisburg, Pennsylvania, ALZHEIMER ASSOCIA TrON, SOUTH CENTRAL PENNSYLVANIA CHAPTER, Harrisburg, Pennsylvania, and the AMERICAN BIBLE SOCIETY, New York, New York. B. Eight percent (8%) thereof to each the BETHESDA MISSION OF HARRISBURG, Harrisburg, Pennsylvania, BILLY GRAHAM EVANGELISM ASSOCIATION, Minneapolis, Minnesota, ROBERT H. SCHULLER TELEV ANGELISM ASSOCIATION, INC., Orange, California, and the . UNITED WAY OF THE CAPITAL REGION of Harrisburg, Pennsylv~ia. C. Four percent (4%) thereof to each the SALV ATION ARMY for use in the Harrisburg, Pennsylvania metropolitan area and CHRISTIAN CHURCHS UNITED OF THE TRI-COUNTY AREA for the HELP MINISTRY. (iii) Should any of the entities used in Paragraphs (i) and (ii) above not qualify as an organization described in 99170( c) and 2055(a) of the Code when the annuity payment is to be distributed to it, its share shall be allocated to the remaining beneficiaries within its class that qualify as an organization described in 9170( c) and 2055(a) of the Code. Failing that, the Trustee shall distribute its share to the class set 132025.2 lln1i'J1 forth in the subparagraph immediately preceding it, if such class has a beneficiary that qualifies as an organization described in 9170(c) and 2055(a) of the Code. Failing that, the Trustee shall distribute its share to one or more organizations described in ~ 170( c) and 2055(a) ofthe Code as the Trustee shall select, and in the proportions as the Trustee shall decide, in the Trustee's sole discretion. (c) Annuity Period. The first day of the annuity period shall be the date of my death and the last day of the annuity period shall be earlier of the date of death of the last surviving Non-charitable recipient or the day before the fifty-sixth anniversary of my date of death. The annuity amount (i.e. the payment of the annuities under subparagraph (b) and (b 1)) shall be paid in equal quarterly installments at the end of each calendar quarter from income, and to the extent income is not sufficient, from principal. Any income of the trust for a taxable year in excess of the annuity amount shall be added to principal. If the initial net fair market value of the trust assets is incorrectly determined, then within a reasonable period after the value is fmally determined for federal estate tax purposes, the Trustee shall pay to the Non-charitable Recipients and Charitable Recipients (in the case of an undervaluation) or receive from the Non-charitable Recipients and the Charitable Recipients (in the case of an overvaluation) an amount equal to the difference between the annuity amount properly payable and the annuity amount actual paid. (d) Deferral Provision. The obligation to pay the annuity amount shall commence with the date of my death, but payment of the annuity amount may be deferred from such date until the end of the taxable year in which the trust is completely funded. Within a reasonable time after the end of the taxable year in which the complete funding of the trust occurs, the Trustee must pay to the Non-charitable Recipients and Charitable Recipients (in the case of an underpayment) or receive from the Non-charitable Recipients and Charitable Recipients (in the case of an overpayment) the difference between: (i) any armuity amounts actually paid, plus interest, compounded armually, computed for any period at the rate of interest that the federal income tax regulations under Section 664 of the Code prescribe for the trust for such computation for such period; and (ii) the armuity amounts payable, plus interest, compounded annually, computed for any period at the rate of interest that the federal income tax regulations under Section 664 prescribe for the trust for such computation for such period. (e) Proration of Annuity Amount. The Trustee shall prorate the annuity amount on a daily basis for any short taxable year. Upon the death of a Predeceasing Recipient, the Trustee shall prorate on a daily basis the Predeceasing Recipient's share of the next regular annuity payment between the estate of the Predeceasing Recipient and the Survivor Recipient/Survivor Recipients. In the taxable year of the trust during which the annuity period ends, the Trustee shall prorate the annuity amount on a daily basis for the number of days of the armuity period in that taxable year. (f) Distribution to Charities at End of Annuity Period. At the termination of the annuity period, the Trustee shall distribute the greater offive percent (5%) of the initial fair market value of the Trust's assets at my death or trust income (other than any amount due the Recipients or their Estates and the Charitable Recipients above) each taxable year to the Charitable Organizations listed above in the shares set forth above. Such payment will be in addition to the $6,000 payment to the non-charitable beneficiaries under subparagraph (b) above tJ2025.2111"27107 -2- which will end at the death of the last surviving non-charitable beneficiary. If any Charitable Organization is not an organization described in S170(c) and 2005(a) of the Code at the time when such distribution is to be made, its share shall be allocated to the remaining beneficiaries within its class that qualify as an organization described in 9170(c) and 2055(a) of the Code. Failing that, the Trustee shall distribute its share to the class set forth in the subparagraph immediately preceding it, jf such class has a beneficiary that qualifies as an organization described in S170(c) and 2055(a) of the Code. Failing that, the Trustee shall distribute such share to one or more organizations described in 9170(c) and 2055(a) of the Code as the Trustee shall select, and in the proportions as the Trustee shall decide, in the Trustee's sole discretion. (g) Additional Contributions. No additional contributions shall be made to the Trust after the initial contribution. The initial contribution, however, shall be deemed to consist of all property passing to the Trust by reason of my death. (h) Prohibited Transactions. The Trustee shall not engage in any act of self-dealing within the meaning of Section 4941(d) of the Code, as modified by Section 4947(a)(2)(A) of the Code, and shall not make any taxable expenditures within the meaning of Section 4945(d) of the Code, as modified by Section 4947(a)(2)(A) of the Code. The Trustee shall not make any investments that jeopardize the exempt purpose of the trust for purposes of Section 4944 of the Code, as modified by Section 4947(a)(2)(A) of the Code, or retain any excess business holdings for purposes of Section 4943 of the Code, as modified by Section 4947(a)(2)(A) of the Code. After the end of the annuity period or after the interests of the non-charitable beneficiaries in this trust have expired or been separated/segregated from this trust, the income of each taxable year shall be distributed at such time and in such manner as not to subject the trust to tax under Code Section 4942. Further, after the end of the annuity period or after the interests of the non~charitable beneficiaries in this trust have expired or been separated/segregated from this trust, it is my intent that the trust qualify as a private foundation within Code Section 509(a) as modified by Code Section 4947(a)(l) and the Trustee is prohibited from exercising any power or discretion granted under said laws that would be inconsistent with the qualification of the Trust as a private foundation under Code Section 509(a) as modified by Code Section 4947(a)(1) of the Code and the corresponding regulations. (i) Taxable Year. The taxable year ofthe Trust shall be the calendar year. G) Governing Law. The operation of the Trust shall be governed by the laws of the Commonwealth of Pennsylvania. The Trustee, however, is prohibited from exercising any power or discretion granted under said laws that would be inconsistent with the qualification of the Trust under Section of the Code and the corresponding regulations. (k) Limited Power of Amendment. All beneficiaries and the Trustee of the Trust may enter into a binding nonjudicial settlement agreement to amend the Trust in order to comply with existing tax law, to react efficiently to changes in tax law and to maximize tax benefits after notice to the Commonwealth of Pennsylvania, Office of Attorney General. Such amendment shall be consistent with the section of the Pennsylvania version of the Uniform Trust Act, currently codified at 20 Pa. C.S.A. S77l0.1(d)(11) which states, "Matters that may be resolved 1Ji.025.21)127/07 -3- -. by a nonjudicial settlement agreement include the following ... (11) the modification or termination of the trust. (1) Investment of Trust Assets. Nothing herein shall be construed to restrict the Trustee from investing the Trust assets in a manIler that could result in the annual realization of a reasonable amount of income or gain from the sale or disposition of Trust assets. (m) Proration of PaymentIf Insufficient Funds During Annuity Period. If there are insufficient funds to make full payment of the annual annuity amounts to the Non-charitable and Charitable beneficiaries during the Annuity Period, the remaining funds in the trust will be paid on a prorata basis between to the non-charitable and charitable beneficiaries based on each beneficiary's proportionate share of the total annuity amount paid each year. 1l202D 11121101 -4- " .1' .~ FIRST CODICIL TO LAST WILL AND TESTAMENT OF BELLE F. NELSON I, BELLE F. NELSON, of the Borough of Camp Hill, County of Cumberland and Commonwealth of Pennsylvania, declare this to be the First Codicil to my Last Will and Testament dated the 9th day of JulYI 1992. 1. Paragraph FOURTH of said Last Will and Testament is amended to include the following subparagraph in paragraph (2): (d) It is intended that this Trust shall qualify as a Charitable Remainder Annuity Trust under Section 664 of the Internal Revenue Code of 1986, as amended. No ,'. c provisions as stated hereinr or omitted c_ hereof I shall operate to disqualify thiil', Trust. 1 Additionally, under no conditiotl~ shall the annual distribution be less than ":~ ~. ........ five (5%) percent of the initial fair market value of all property placed in the Trust. Should this minimum distribution be in excess of the net income in any periodl my Trustee may invade the principal as necessary. 2. In all other respects, my said Last Will and Testament dated July 9, 1992 shall remain in full force and effect.. .< . -I IN WITNESS WHEREOF, I have hereunto set my hand and seal this ~ day of 1992, at the end hereof, Allqll~t- I composed in all of three pages, including the self-proving attestation clause and signatures of witnesses. &iJlJ;~ BELLE F. NELSON WITNESSES: /J' ~lb f '\l~V\' . . F~~ /!~k6b- /i;/4,Jv~ .4f 2 .' j' COMMONWEALTH OF PENNSYLVANIA: : 55: COUNTY OF CUM8ERLAND: We, Belle F. Nelson, the Testatrix, Mark R. parthemer , and Donn L. Snyder , the witnesses, whose names are signed to the attached foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed, sealed, published, acknowledged, and declared the instrument as her First Codicil to her Last Will and Testament; and that she signed willingly and that she executed it as her free and voluntary act for the purposes therein expressed; and that each of the witnesses in the jolnt presence of each other and in the presence and hearing of the Testatrix, signed the instrument as witness to her First Codlcil to her Last Will and Testament; and that to the best of their knowledge the Testatrix was at the time eighteen years of age or older, was of sound and disposing mind, memory and unders~andlng, and was under no constraint or undue influence. DO MARK ~A?A5! . R PARTHEMER~itness Subscribed, sworn to and acknowledged undersigned officer, by BELLE F. NELSON, subscribed and sworn to before me by Donn L. ~ark R. Parthemer , witnesses, in the presence this llh- day of Auqust I 1992. before me, the Testatrix, and Snyder and of each other, !: ~~-~ Notary P bIle NOTARIAL SEAL SARAH (. APPLEBY. Notary: PIIblic My COllll1lissiQII Expires Dec.. 1-3. 1994 Harri3buft. PA OallQh:n Cec~ty 3 LAST WILL AND TESTAMENT OF BELLE F. NELSON I, BELLE F. NELSON, of the Borough of Camp Hill, County of Cumberland and Commonwealth of Pennsylvania, being of sound and disposing mind and memory, and not acting under undue influence of any person whomsoever, do make, publish and declare this instrument to be my Last Will and Testament, in manner and form following: PRIOR WILLS FIRST: I hereby expressly revoke all Wills, Codicils and testamentary writings of whatsoever kind and nature heretofore made by me. DEBTS AND EXPENSES SECOND: I hereby direct my Executor, hereinafter named, -to pay all my just debts, expenses of administration and funeral expenses out of my estate as soon as is practicable after my decease. TAXES THIRD: I direct that all estate, inheritance, transfer, legacy or succession taxes, or death duties, which may be assessed or imposed of, wheresoever situate, whether or not passing under this my Last Will and Testament, including the taxable value of all policies of insurance on my life and all trans fers, powers, rights or interests includible in my estate for the purpose of such taxes and duties, shall be paid out of my general estate as an expense of administration, and without apportionment, and shall not be prorated or charged against any of the gifts in this Will or against any property not passing under this WilL In the absolute discretion of my Executor, hereinafter named, it may pay such taxes immediatel,.y or _ may postpone the payment of the taxes on future or- remaiHder interests until the time possession accrues to the ben~ficiarr or n" beneficiaries named herein. My Executor may, in its discretion, arrange for extension of time for the payment of said estate and inheritance taxes, and any interest and/or penalty incurred on any such taxes, whether or not resulting from such extensions or postponements, shall be borne by my estate as an expense of administration. RESIDUARY DISPOSITION FOURTH: All of the rest, residue and remainder of my estate including real, personal and mixed property, I give for the uses and purposes herein set forth: {I) Surviving Spouse. In the event my husband, FRITZ C. NELSON, survives me by thirty (30) days, I give the remainder of my estate as follows: Recognizing the value of minimizing Federal estate taxes by utilizing my unified credit, I hereby give all of my residuarY estate to my husband FRITZ C. NELSON subject to the following limitation. My Executor Is empowered to fund up to the maximum of my remaining unified credit a unified credit shelter trust. In such event, my residuary estate shall be divided into two parts: (a) Marital Deduction Qualified Terminable Interest Property Trust (i) My Executor shall dis- tribute to my husband, FRITZ C. NELSON, in trust, an amount from the assets of my estate which will at most equal the minimum amount necessary to reduce to the least possible amount the aggregate federal estate tax payable as a result of my death, including any -2- -~ generation skipping transfers. My Executor may take into account as credits against such taxes all credits including any charitable credit, unified credit, and state death tax credit. Such assets shall be distributed on the basis of their fair market value on the date of such distribution or their value as finally determined for federal estate tax purposes, whichever is less. (ii) I hereby direct my Trustee to distribute all of the income to my husband, FRITZ C. NELSON at least quarter annually, unless he directs otherwise. Further, my Trustee shall distribute as much of the principal and accumulated income, if any, to my husband as my Trustee, in its sole discretion, determines to be necessary and desirable to permit him to maintain his usual standard of living, including the costs of any illness or accident which may afflict him. (ii) Upon the death of my husband, my Trustee shall distribute the then remaining principal, and any accumulated income as follows: (A) To the Executor of my husband's estate, an amount equal to the estate, inheri- tance, transfer, succession or other death taxes, payable by reason of the inclusion of part or all of the trust property in his estate. (B) The balance, if any, -3- after the payment required by subparagraph (A) has been made, shall be added to any amount then remaining in the Unified Credit Shelter Trust, established hereinafter, and distributed under the terms and provisions of this Will as though my said husband predeceased me. (b) Unified Credit Shelter Trust - (i) Any and all assets remaining after the Marital Deduction Trust outlined in subparagraph (1)(a) of Article FOURTH above shall be held in this, the Unified Credit Shelter Trust. All of the income from said Trust shall be made available to my husband to be used as he may wish. The principal of said Trust shall be held for the benefit of the beneficiaries as provided in subparagraph (2) below. However, my husband shall have the following limited powers to invade the principal. Specifically, he may invade the Trust principal for his maintenance, education, support and health care. (2) Predeceased Spouse. Should my husband predecease me, or not survive me by thirty (30) days, or survive me and subsequently die, then and in that event, my estate shall be distributed, IN TRUST, as set forth below: (a) This Trust shall be known as the FRITZ C. and BELLE F. NELSON Endowment Fund. (b) The followIng shall receive life estate income interests: (1) To my husband's brother, Floyd -4- Nelson, of Kane, Pennsylvania, monthly income of two hundred-fifty dollars or an amount equal to that which was given to him immediately prior to my death, whichever is greater; (ii) To my sister-in-law, Leona Nelson, of Jamestown, New York, monthly income of two hundred-fifty dollars or an amount equal to that which was given to her immediately prior to my death, whichever is greater; (iii) Upon the death of either or both of the above-named beneficiaries, their income share shall be divided equally and distributed per capita to three of my nieces and nephews. They are NANCY RUDOLPH of Kane, Pennsylvania, KAREN SCHATZ, of Emporium, Pennsylvania and PAUL NELSON, of Kane, Pennsylvania. (iv) To my friends, Florence Hasenkamp and Hilliard Hasenkamp, or the survivor of them, the sum of five hundred ($500.00) dollars per month. (v) Upon the death of the last survivor of all of the above-named beneficiaries, all such income gifts shall cease and all income distributed pursuant to subparagraph (c) hereof. (vi) The amounts of income payments established in this sub-paragraph (b) are considered by my spouse and me to be appropriate sums to be received by each beneficiary. Consequently these payments represent maximums and shall not be duplicated or otherwise increased whether paid from the trust established pursuant to the Will of either my spouse or me or a merger of the trusts. -5- (c) Income not required to satisfy sub-paragraph (b) above from the principal of the Trust shall only be distributed to organizations exempt from tax and charitable in nature in accordance with and having the status of designation under section 501(c)(3) of the Internal Revenue Code of 1986, as amended. Such income shall be distributed, for as long as the named beneficiaries so qualify, in the following manner. (i) One half to the Camp Hill Presbyterian Church, of Camp Hill, Pennsylvania, and (ii) One half in the following amounts: A. Fifteen (15%) percent thereof each to aid the Holy Spirit Hospital of the Sisters of Christian Charity, Camp Hill, Pennsylvania, Capital Health Systems, Harrisburg, Pennsylvania, Alzheimer Association, South Central Pennsylvania Chapter, Harrisburg, Pennsylvania and the American Bible Society, New York, New York. B. Eight (8%) percent thereof to each the Bethesda Mission of Harrisburg, Pennsylvania, Billy Graham Evangelism Association, Minneapolis, Minnesota, Robert H. Schuller Televangelism Association, Inc., Orange, California and the United Way of the Capital Region of Harrisburg, Pennsylvania. C. Four (4%) percent thereof to each the Salvation Army for use in the Harrisburg, Pennsylvania metropolitan area and Christian -6- Churchs United of the Tri-County Area for the HELP Ministry. (iii) Should any of the entities cease to qualify as a beneficiary of this Trust, its share shall be allocated to the remaining beneficiaries within its class. Failing that, its share shall be added to the class set forth in the subparagraph immediately preceding it. EXECUTOR AND TRUSTEE FIFTH: I hereby nominate, constitute and appoint DAUPHIN DEPO~~T BANK ~ TRUST COMPANY to be Executor of this my Last Will and Testament. I further hereby nominate, constitute and appoint DAUPHIN DEPOSIT BANK & TRUST COMPANY to be Trustee under this my Last Will and Testament. POSTING OF BOND SIXTH: I hereby direct that my Executor or my Trustee, as named by me herein, shall not be required to give bond or other security required by law or otherwise, for the faithful performance of their duties. TRUSTEE COMPENSATION SEVENTH: I direct that my Trustee is entitled to reasonable compensation and/or fees for services provided at the customary rates or charges then in effect. TRUSTEE POWERS EIGHTH: I give and grant unto my Trustee, for all trusts herein created the following powers, which shall be construed broadly and In addition to, and not In limitation of, their common law and statutory powers: (1) To allot, assign, care for, collect, contract with respect to, convey, convert, deal with, dispose of, enter into, exchange, hold, improve, invest, lease, manage, mortgage, grant and exercise options with respect to, take possession of, pledge, -7- receive, release, repair, sell, sue for and in general to do any and every act and thing and to enter into and carry out any and every agreement with respect to the property included in any trust created in this Will, which they could if they were the absolute owners thereof, without being limited in any way by the specific grants of power hereinafter made. I (2) To retain for such time as in their judgment may seem advisable all or any part of my property as assets which at any time shall constitute a part of the trusts herein provided for. (3) To sell or exchange, either privately or at public sale and without prior approval of any court, at such time or times and at such price or prices, and on such terms and conditions as the Trustee may consider advisable, all or any part of the trust property, real, personal or mixed, and to execute, verify, acknowledge and deliver all deeds, bills of sale, or other documents which may be necessary or proper in the exercise of such powers without liability on the purchaser or purchasers to look to the application of the purchase price. (4) To manage any real property held by them in such manner as they may determine, including authorIty to alter, repair, maintain or improve such property as hereinafter set forth, to mortgage such property on such amount, on such conditions and at such rates of interest as they shall deem advisable; to abandon such. property, to adjust boundaries, to erect or demolish buildings thereon, to convert for a different use, to dedicate for public use without compensation, to grant easements and rights-of-way, to waive payment for property taken by right of eminent domain and to claim and negotiate for payment for property, to enter into party-wall contracts, to protect out of the general funds of the trusts herein created, to insure or perfect title, and to charge the cost of any action taken with regard to any such property to principal or income as they may determine. To make all ordinary repairs, alterations or improvements against the principal of the trust herein created of which the property being repaired, altered or improved forms a part. (5) To lease any real estate subject to the trust herein created for such term or terms, and. for such rental or rentals and under such covenants and agreements as may, in the discretion of the Trustee, be considered for the best interest of the trust estates. The Trustee shall recognize exIsting leases, but still -8- have the power to agree to modification of, or amendment to, the terms of existing leases or to extensions or renewal thereof. The Trustee shall have the authority to acquire by purchase, gift or otherwise, and to resell, receive, hold, manage and control real estate and other interest therein, subject to the Trusts, and do all things necessary or proper in the performance of such functions. (6) To invest, and from time to time to reinvest, to acquire and to retain temporarily. or permanently the trust estates received or held by them in cash or in kind of real or personal property, foreign or domestic, including by way of illustration, but not by way of limitation, common or preferred stocks, investment trusts, mutual funds, common trust funds, voting trust certificates, bonds, mortgages, debentures, notes, unsecured obligations, wasting assets, or investments which are unproductive, overproductive or underproductive as in their discretion they may deem advisable, and without regard as to the proportion that any such investment may bear to the total trust funds or the relation it may bear to the type or character of other investments in the trust estates, or to the effect such investments may have upon the diversification of the investments in the trust estates and they shall not be restricted in their choice or investments to such investments as are permissible for fiduciaries under any present or future applicable law, it being my intention to give my Trustee power to act in such manner as they will believe to be for the best interest of the trust created herein. I hereby direct that my Trustee may, in addition to all the powers of investment herein given, maintain in my trust estate securities of the corporate fiduciary in any amount which the said Trustee within their discretion deem proper. ( 7) To pay income tax on gains from the sale or other conversion of capital assets out of the proceeds thereof. (8) To amortize, accelerate payment of, reduce, extend, modify, settle or liquidate any lien, encumbrance, mortgage or other charge against any real estate or other property which may be subject to these trusts. The Trustee shall specifically keep and perform all of the covenants, terms and conditions of any existing mortgage or mortgages upon said real estate, on the part of the mortgagor required to be kept and performed and shall have full power and authority, with the consent of the mortgagee or mortgagees I to refund, replace I extend or otherwise amend the -9- ,'. '. same, and to anticipate and accelerate any periodical payments therein required. (9) To subscribe for stock allotments and exercise all rights and privileges pertaining to securities which are available to the owner thereof. (10) To receive or make distribution of any trust herein created, either in money or in kind,. or partly in money and partly in kind. The judgment of the Trustee as to what shall constitute an equitable distribution or apportionment shall be binding and conclusive upon the beneficiaries hereof. Nothing herein contained, however, shall empower the Trustees to make distribution before the time or times specified herein. ( 11) claim or trusts. To pay, collect, compromise, sue for or contest any other matter, directly or indirectly affecting the (12) To use income and/or principal to maintain in force any policies of life insurance which I may own on the life or lives of other persons or to receive in gift or purchase or maintain previously existing insurance or annuity contracts for the benefit of any beneficiary, primary or contingent, if the Trustees determine that the best interest of my family would be served by purchasing said contracts or by continuing such insurance in force,. and to exercise all the powers given to the owner of such policies. (13) To employ counsel, auditors, accountants, appraisers, engineers, and other persons, professional or otherwise, as may be necessary for the proper administration of the trusts, and to pay their compensation from trust funds. ( 14) To borrow money and s ecur i ty there fore, to execu te bonds and mortgages containing warrants of attorney, to confess judgment and to pledge personal property. (1.5) To > incorporate any unincorporated business racei ved from my estate. (16) To carry on and conduct any business enterprise in which I may be engaged at my death. -10- (17) As to each trust created herein, to exercise all the powers granted and all the duties imposed herein until such time after the termination of that trust as the property included in that trust has been fully distributed, and to do all other acts which in its judgment may be necessary or appropriate for the proper or advantageous management, investment or disposition of any property included in any trust created herein. EXECUTOR POWERS NINTH: I hereby give unto my Executor, hereinbefore named, and to my Trustee, hereinbefore named, the fullest power and authority in all matters or questions pertaining to the administration of my estate and trust, executing the provisions of this my Last Will and Testament, including, but not by way of limitation, the power and authority to determine all doubtful questions which may arise in the construction of this my Last Will and Testament, and the trust hereunder; I further hereby authorize and empower my Executor, pending settlement of my estate, to se~l, convey, mortgage, lease, exchange, encumber or otherwise dispose of any and all of the property, real, personal or mixed at any time belonging to my estate, either at public or private sale, without prior approval of any court, and at such times and for such price or prices and in any such case upon such terms as it may determine to be best in its discretion, and I authorize and empower my said Executor to execute, acknowledge and deliver to the purchasers, grantees, mortgagees, vendees, assignees or other persons, such contracts, deeds I mortgages, bills of sale, and all other instruments of writing necessary or proper without obligation upon the latter to see to the proper application of the proceeds. It shall also have the power to compromise or otherwise settle or adjust any and all claims, charges, debts and demands whatsoever against, or in favor of my estate as fully as I could do if living. It shall further be empowered to carry on and conduct any business enterprise which I may be engaged in at my death, to retain any assets, including stocks or securities which I may own at the time of my death, pending settlement of my estate, without regard as to whether or not such assets or securities are legal investments for fiduciar- ies, and may make distribution in kind to my Trustee. Pending settlement of my estate, its shall also have the authority in its discretion to convert, sell, exchange or dispose of such assets and securities either for cash or for terms satisfactory to them and to acquire other assets without limitation to securities or -11- ~', . investments as may be declared legal for investment of trust funds. It shall further be empowered to borrow money, and to pledge assets of my estate as security therefor, for the purpose of paying taxes which may be levied upon or payable by my estate in accordance with this Will and in the event that funds in the hands of my Executor, shall be insufficient to pay such taxes, and if, in the opinion of my Executor, it appears that conversion of securities and other assets, real and personal, would then be made at a sacrifice. Should my husband, FRITZ C. NELSON survive me, my Executor shall be authorized, in its sole, exclusive and unrestricted discretion, to determine whether to elect Section 2056(b)(7) of the Internal Revenue Code of 1986, as amended, or any corresponding provision of state law, to qualify all or a specific portion of the trust created in Article FOURTH, paragraph lea) of this Will for the federal estate tax marital deduction and any marital deduction available under law of the applicable state.. I suggest, but do not direct, that in exercising such discretion, my Executor attempt to minimize or eliminate the federal and state taxes payable by my estate at. the time of my death. However, my Executor should also consider the effect of its election upon the taxes payable by my wife's estate at her death. The decision of my Executor shall be final and conclusive upon all persons whose interests in my estate are directly or indirectly affected hereby. SIMULTANEOUS DEATH TENTH: Any person, other than my husband, who shall have died within thirty (30) days of my death, shall be deemed to have predeceased me. If my husband and I die simultaneously, or under such circumstances that the order of our deaths cannot be established by proof, my I shall be deemed to have survived me. In any case, if my husband and I have established identical trusts, such trusts may be merged, combined and administered as one. Any person (other than myself) who shall have died at the same time as any then recipient of income or in a common disaster with such beneficiary, or under such circumstances that it is difficult or impossible to determine who died first, shall be deemed to have predeceased such beneficiary. -12- . I. ", COMMONWEALTH OF PENNSYLVANIA: 5S: COUNTY OF DAUPHIN : We, BELLE F. NELSON, the Testatrix and Donn L Snyder , a.nd Mark R Parthemer the witnesses, whose names are s:igned to the attached foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed, sealed, published, acknowledged, and declared the instrument as her Last Will and Testament; and that -'she signed willingly and that she executed it as her free and voluntary act for the purposes therein expressed; and that each of the witnesses in the joint presence of each other and in the presence and hearing of the Testatrix, signed the instrument as witness to her Last Will and Testament; and that to the best of their knowledge the Testatrix was at the time eighteen years of age or older, was of sound and disposing mind, memory and understanding, and was under no constraint or undue influence. ~.q.~ D Subscribed, sworn to and acknowledged before me, th~ undersigned officer, by BELLE F. NELSON, the Testatrix, and subscribed and sworn to before me by Dorm, L Snyder and Mark R Parthemer the~~itne8ses, in t~e~p~esence of each other, this 9th day of July, 1992. \ \ , LfL) )1': Public lARIAt SEAL Maro~etta f. Miller, ~otary Public Harrlsburg. PA Oauphin County My Com.'11ission Expires Nov. 21, 1995 ll-J RE: W THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA ESTATE OF BELLE F. NELSON ORPHANS COURT DIVISION DECEASED NO. 2004-00636 CERTIFICA TE PURSUANT TO CUMBERLAND COUNTY ORPHANS' COURT RULE 6.3.1 AND NOW, this /5' day of F- t b (uti f~008, comes Kevin M. Scott, Esquire, Saul Ewing, LLP, Attorneys for the Estate of Belle F. Nelson, Deceased, files this Certificate. 1. Nelson, Deceased This Certificate is being filed by the Attorney for the Estate of Belle F. 2. Notice ofthe date, time and place of presentation of the Account for Audit and Proposed Statement of Distribution has been given at least twenty (20) days prior to the date fixed for the presentation to every unpaid claimant who has given written notice of a claim to the accountant and to every other person known to the accountant to have or to claim an interest to date as beneficiary, creditor, heir or next of kin. 3. Persons claiming an interest in the Estate as beneficiary, heir or next of kin, have been provided within a copy of the Account containing the Proposed Statement of Distribution by United States Mail, First Class Postage prepaid. 4. The requirements of Rule 6.3.1 have been met. Estate of Belle F. Nelson By: Saul Ewing LLP , /('L L~ :d~,* Kevin M. Scott, Esquire Penn National Insurance Tower 2 North Second Street, ih Floor Harrisburg, PA 17101 717.257-7551 139384 I 217108 DECEDENT'S ESTATE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION ESTATE OF BELLE F. NELSON , DECEASED No. 2004 00636 PETITION FOR ADJUDICATION / STATEMENT OF PROPOSED DISTRIBUTION PURSUANT TO Pa. O.C. Rule 6.9 '-:D__ / (o1~ 03 'd... q~ () 6-~ ~ ~ q D~q30. ~D This form may be used in all cases involving the Audit of the Account of a Decedent's Estate. If space is insufficient, riders may be attached. Attach the spouse's election, if any; the papers required under items 8-19 inclusive; and any instrument pertinent to the adjudication. INCLUDE ATTACHMENTS AT THE BACK OF THIS FORM. Name of Counsel: KEVIN M. SCOTT, ESQUIRE Supreme Court I.D. No.: 70322 Name of Law Firm: SAUL EWING LLP Address: 2 NORTH SECOND STREET, 7TH FLOOR, HARRISBURG, PA 17101 Telephone: 717.257.7551 Fax: 717.257.7992 ,J ../"-, -'1 y c.) N N Form DC-OJ rev, JO.13.06 Page 1 of 10 "''' ~; (:<;; en : , rJ Estate of BELLE F. NELSON , Deceased 1. Name(s) and addressees) ofPetitioner(s): Name: Thomas E. Markin, Vice Pres. Address: One West High Street Carlisle, P A 17013 Identify any executors or administrators who have not joined in the Petition for Adjudication and Statement of Proposed Distribution and state reason: Is this the first accounting by this fiduciary? . . . . . . . . . . . . . . . . . . . . . IZI Yes D No If not, identify prior accountings, the accounting periods covered, and the date of adjudication of the prior accounting. 2. Decedent died on June 6, 2004 IZI Letters Testamentary or DLetters of Administration were granted to Petitioner(s) on Julv 5. 2004 Date of Will (ifapplicable): July 9,1992 Date(s) ofCodicil(s) (ifapplicable): August 8,1992 Date of probate (if different from date Letters granted): Was a bond required? DYes IZI No If yes, state amount: Are proofs of advertising of the grant of Letters attached? ......... IZI Yes D No Dates of advertising of the grant of Letters: Sentinel: July 28, August 4, 11, 2004 Cumberland Law Journal: August 6, 13, 20, 2004 Form DC-OJ rev. 10.13.06 Page 2 of 10 Estate of BELLE F. NELSON , Deceased 3. Was decedent survived by a spouse? .. . .. .. .. . .. .. . .. .. .... .. . ... DYes IZlNo If yes, name of the surviving spouse: 4. Has the surviving spouse filed to take an elective share? ............. DYes D No (See Section 2201 et~. of the Probate, Estates and Fiduciaries Code) If yes, date of election: 5. In the case of an intestacy, state the names of the decedent's surviving children or surviving issue of deceased children (if none, so state): None 6. Did decedent marry after execution of Will or Codicil(s)? . . . . . . . . . .. DYes IZl No Were any children born to decedent after execution of Will or Codicil( s)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DYes IZl No If yes, give names and dates of birth: Name: Date of Birth: 7. If required by the Medical Assistance Estate Recovery Act, 62 P .S. S 1412, was a request for a statement of claim sent to the Department of Public Welfare? .... . . . . . . . . . . . . . . . . . . . . . . . . .. IZlYes D No Form OC-OI rev. 10.13.06 Page 3 of 10 Estate of BELLE F. NELSON , Deceased 8. Written notice of the Audit as required by Pa. O.C. Rules 6.3, 6.7 and 6.8 has been or will be given to all parties in interest listed in item 9 below, all unpaid creditors and all claimants listed in item 10 below. In addition, notice of any questions requiring Adjudication as discussed in item 14 below has been or will be given to all persons affected thereby. A. If Notice has been given, attach a copy of the Notice as well as a list of the names and addresses of the parties receiving such Notice. B. If Notice is yet to be given, a copy of the Notice as well as a list of the names and addresses of the parties receiving such Notice shall be submitted at the Audit together with a statement executed by a Petitioner or counsel certifying that such notice has been given. C. If any person entitled to Notice is not sui juris (e.g., minors or incapacitated persons), Notice of the Audit has been or will be given to the appropriate representative on such party's behalf as required by Pa. O.C. Rule 5.2. D. If any charitable interest is involved, Notice of the Audit has been or will also be given to the Attorney General as required under Pa. O.c. Rule 5.5. In addition, the Attorney General's clearance certificate (or proof of service of Notice and a copy of such Notice) must be submitted herewith or at the Audit. 9. List all parties (charitable and non-charitable) of whom Petitioner(s) has/have notice or knowledge, having or claiming any interest in the estate as beneficiaries under the Will or Codicil(s) or as intestate heirs if there is a complete or partial intestacy: A. State each party's relationship to the decedent and the nature of each party's interest(s): Name and Address of Each Party in Interest Relationshiv and Comments, if any Interest Belle F. Nelson Residuary Trust, Trustee 100% Manufacturers and Traders Trust Company Pennsylvania Attorney General and Named Beneficiaries Under Trust per attachment None - Courtesy Notification Form DC-O/ rev. /0./3.06 Page 4 of 10 Estate of BELLE F. NELSON , Deceased Name and Address of Each Party in Interest Relationshio and Comments, if anv Interest B. Identify each party who is not sui juris (e,g., minors or incapacitated persons). F or each such party, give date of birth, the name of each Guardian and how each Guardian was appointed. If no Guardian has been appointed, identify the next of kin of such party, giving the name, address and relationship of each. None C. State why a Petition for Guardian/Trustee Ad Litem has or has not been filed for this Audit (~ee Pa, o.c. Rule 12.4). None D. If distribution is to be made to the personal representative of a deceased party, state date of death, date and place of grant of Letters and type of Letters granted. None Form OC-OI rev. 10.13.06 Page 5 of 10 Estate of BELLE F. NELSON , Deceased 10. Other than the claim for the family exemption, list the names of all known claimants and the amount of their claims and state whether each claim is admitted. Name and Address of Each Claimant Amount of Claim Claim Will Claim Admitted? Be Paid In Full? None DYes DYes DNo DNo DYes DYes DNo DNo DYes DYes DNo DNo DYes DYes DNo DNo If the estate is insolvent, attach a schedule setting forth the order of preference under 20 Pa.C.S. S 3392 and the proposed payments. 11. Was family exemption claimed? DYes IZINo IZINo Was family exemption allowed? DYes Family exemption claimant's name and relationship: Name: Relationship: Form DC-OI rev. 10./3.06 Page 6 of 10 Estate of BELLE F. NELSON , Deceased 12. The amount of Pennsylvania Transfer Inheritance Tax and additional Pennsylvania Estate Tax paid, the date(s) ofpayment(s), and the interest(s) upon which paid, are as follows: Date Payment Interest August 31, 2004 15,000.00 None March 3, 2005 500.55 None 13. On the date of death, was the decedent a fiduciary (personal representative, trustee, guardian, agent under power of attorney) or surety on the bond ofa fiduciary? ... . . . . . . . . . . . . . . .. DYes (l] No If yes, provide the name of the estate, indicate whether an account has been filed and confirmed absolutely and all awards performed, or, in the alternative, how the decedent's estate will be discharged for the decedent's fiduciary administration of the estate. 14. A. Describe in detail any questions requiring adjudication and state the position of the Petitioner(s) as to each question: None B. Has notice of the question requiring adjudication been given to the parties identified in Paragraph 9 above? .................. DYes D No 15. IfPetitioner(s) has/have knowledge that a share has been assigned, renounced, disclaimed or attached, provide a copy of the assignment, renunciation, disclaimer or attachment, together with any relevant supporting documentation. Form OC-OI rev. 10.13.06 Page 7 of 10 Estate of BELLE F. NELSON , Deceased 16. Had the decedent been adjudicated an incapacitated person? . . . . . . . . . . DYes IZl No If yes, attach a copy of the Order if available; otherwise state the Court, term, number, date, and name of Hearing Judge. 17. A. List or attach a separate list of additional receipts and disbursements since the closing date of the Account. None B. Has notice of the additional receipts and disbursements been given to the parties identified in Paragraph 9 above? ............. DYes D No 18. If a reserve is requested, state amount and purpose. Amount: 23,000.00 Purpose: Saul Ewing LLP - Attorney Fee $ 5,000.00 M&T - Executor Fee $16,500.00 Register of wills - Filing Fee $ 1,500.00 If a reserve is requested for counsel fees, has notice of the amount of fees to be paid from the reserve been given to the parties in interest? ........................................ IZlYes DNo If so, attach a copy of the notice. 19. Is the Court being asked to direct the filing of a Schedule of Distribution? IZlYes DNo As to real estate only? ........................................ DYes IZlNo Form OC-OI rev. 10.13.06 Page 8 of 10 Estate of BELLE F. NELSON , Deceased Wherefore, your Petitioner(s) ask(s) that distribution be awarded to the parties entitled and suggest(s) that the distributive shares of income and principal (residuary shares being stated in proportions, not amounts) are as follows: A. Income: Proposed Distributee(s} Amount/Proportion Belle F. Nelson Residuary Trust 100% B. Principal: Proposed Distributee(s} Amount/Proportion Belle F. Nelson Residuary Trust 100% Submitted By: (All petitioners must sign. Add additional lines ifnecessary): Manufacturers and Traders Trust Company Uti ",/ ,. ,. /: .,,' / . / J/};1/t/ ~ (~ of Petitioner: Thomas E. Morkin, Vice Pres. Name of Petitioner: Form DC-OJ rev. 10.13.06 Page 9 of 10 Estate of BELLE F. NELSON , Deceased Verification of Petitioner (Verification must be by at least one petitioner.) The undersigned hereby verifies * [that he/she he is title Vice President of the above-named name of corporation Manufacturers and Traders Trust Co and] that the facts set forth in the foregoing Petition for Adjudication / Statement of Proposed Distribution which are within the personal knowledge ofthe Petitioner are true, and as to facts based on the information of others, the Petitioner, after diligent inquiry, believes them to be true; and that any false statements herein are made subject to the penalties of 18 Pa. C.S. S 4904 (relating to unsworn falsification to authorities). 1< Corporate petitioners must complete bracketed information. Certification of Counsel The undersigned counsel hereby certifies that the foregoing Petition for Adjudication! Statement of Proposed Distribution is a true and accurate reproduction of the form Petition authorized by the Supreme Court, and that no changes to the form have been made beyond the responses herein. /-U'l- [L,ik Signature of Counsel for Petitioner Form OC-OJ rev. JO.13.06 Page 10 of 10 INDEX OF ATTACHMENTS A Proof of Publication of Notice in Cumberland Law Journal B Letter to Commonwealth of PAre: verification of claims against estate C Notice of Audit Beneficiaries D Inheritance Tax Statement of Account E Proposed Distribution to Beneficiaries 139574.1 2114/08 EXHIBIT A PROOF OF PUBLICATION OF NOTICE IN CUMBERLAND LAW JOURNAL (Under Act No. 587, approved May 16, 1929), P. L.1784 STATE OF PENNSYLVANIA: ss. COUNTY OF CUMBERLAND : Lisa Marie Coyne, Esquire, Editor ofthe Cumberland Law Journal, of the County and State aforesaid, being duly sworn, according to law, deposes and says that the Cumberland Law Journal, a legal periodical published in the Borough of Carlisle in the County and State aforesaid, was established January 2, 1952, and designated by the local courts as the official legal periodical for the publication of all legal notices, and has, since January 2, 1952, been regularly issued weekly in the said County, and that the printed notice or publication attached hereto is exactly the same as was printed in the regular editions and issues of the said Cumberland Law Journal on the following dates, V1Z: AUGUST 6,13,20,2004 Affiant further deposes that he is authorized to verify this statement by the Cumberland Law Journal, a legal periodical of general circulation, and that he is not interested in the subject matter of the aforesaid notice or advertisement, and that all allegations in the foregoing statements as to time, place and character of publication are true. :Nelson. Belle F.. dec'd. Late of the Borough of Carlisle. Executor: Manufacturers and Traders Trust Company. succes- sor by merger to Dauphin De- posit Bank and Trust Company, One West High Street, Carlisle. PA 17013. Attorneys: Donn L. Snyder. Es- quire, Saul Ewing LLP. Penn Na- tional Insurance Plaza, Two North Second Street, 7th Floor. Har- risburg. PA 17101. ,------ ditor SW TO AND SUBSCRIBED before me this 20 day of AUGUST 2004 L-1/ N SEAL LOIS E. SNYDER, Notary Public Carlisle Boro, Cumberland County My Commission Expires March 5, 2005 PROOF OF PUBLICATION State of Pennsylvania, County of Cumberland Tanuny Shoemaker, Customer Care/Sales Manager, of The Sentinel, of the County and State aforesaid, being duly sworn, deposes and says that THE SENTINEL, a newspaper of general circulation in the Borough of Carlisle, County and State aforesaid, was established December 13th, 1881, since which date THE SENTINEL has been regularly issued in said County, and that the printed notice or publication attached hereto is exactly the same as was printed and published in the regular editions and issues of THE SENTINEL on the following date(s) l.ldly 28 8;: August 04, 111 2004 COpy OF NOTICE OF PUBLICATION NOTICE LETTERS TESTAMENTARY IN the Estate of BELL F. NELSON, late of the Borough of Carlisle, Count~ of Cumberland and Commonwealth of Pennsylvania, having been granted to the undersigned, all persons indebted to said Estate are requested to ~ake. immediate payment and those having claims will present them for settlement without delay to: Manufacturers and Traders Trust Company, Successor by merger to Dauphin Deposit Bank and Trust Company, Executor c/o Saul Ewing LLP Donn L. Snyder, Esquire Penn National Insurance Plaza Two North Second Street, 7th Floor Harrisburg, PA 17101 Affiant further deposes that he/ she is not interested in the subject matter of the aforesaid notice or advertisement, and that all allegations in the foregoing statement as to time, place and character of publication are true. , 6vw\ ~(\I\{Jj~ Sworn to and subscribed before me this 11th day of August, 2004 Notary Public ! tg My commission expires: GOMMONWE~LltU2f,j?~!'lNSYLVAN~, ~. NOTARIAL Si;:AL . I 'J,ACQUELlN E," M. WORi.EV, No1&IY PubI" ~ I, Boro ot Carlisle, CumoerlaOO County J' ., My Co~mlMlon E!PI-.!!6 J8I'l '0. ~ COpy SALJL EWING Attorneys at Law A Delaware lLP Maronetta F. Miller Phone: (717) 257-7524 Fax: (717)257-7588 mmiller@saul.com www.saul.com February 1,2008 Commonwealth of Pennsylvania Estate Recovery Post Office Box 8486 Harrisburg, P A 17105-8486 Re: Estate of Belle F. Nelson Gentlemen: Kindly be advised that this office represents the above Estate. Would you be kind enough to forward verification that there are no outstanding claims by the Commonwealth against the estate. The following is the information you may require: Proper Name Date of Birth Social Security Number Date of Death Real Estate Belle F. Nelson March 14, 1909 182-40-9714 June 6, 2004 Resident of Church of God Nursing Home Carlisle, P A Your prompt attention to this matter is appreciated. Very truly yours, I)) ,'\1 Maronerla F. Miller Legal Assistant 2 North Second Street, 7th Floor + Harrisburg, PA 17101-1619 + Phone: (717) 257-7500 + Fax: (717) 238-4622 BALTIMORE CHESTERBROOK HARRtSBURG NEWARK PHILADELPHIA PRINCETON WASHINGTON WILMINGTON A DELAWARE LIMITED LIABILITY PARTNERSHIP SAUL E~IING Attomeys at Law A Delaware UP Kevin M. Scott Phone: (7\7) 257-755\ Fax: (7\7) 257-7592 kscott@saul.com www.saul.com February IS, 2008 To All Parties of Interest In the Estate of Belle F. Nelson And Trust of Belle F. Nelson The First and Final Account of Manufacturers and Traders Trust Company, Executor of the Will of Belle F. nelson, Deceased, has been filed with the Clerk of the Orphans' Court of Cumberland County, Pennsylvania and will be called for audit before the Judge of the Orphans' Court Division of the Court of Common Pleas of Cumberland County, on April 22, 2008, at 9:30 a.m. in Carlisle, Pennsylvania. Your interest in the estate is as described in the Order of the Orphans Court Division of Cumberland County dated December 3, 2007 (attached). The Court will be asked to approve the Account of the Executor and to make awards in accordance with the provisions of the Will of Belle F. Nelson and Trust of Belle F. Nelson. Copies of the Account and the Will are enclosed. It is not necessary that you or your counsel appear at the audit. However, if you have any objection to any items in the Account, or if you disagree with the position of the accountant as to the said claim, it is necessary to state these in writing, in accordance with the Rules of this Court and that you appear at the time and place mentioned, in person or by counsel, to present your contention; otherwise the Court will assume you have no objection and may approve the Account and adopt the accountant's position as stated. 2 North Second Street, 7'b floor. Harrisburg, PA 17101-1619. Phone: (717) 257-7500. Fax: (717) 238-4622 BALTIMORE CHESTERBROOK HARRISBURG NEWARK PHILADELPHIA PRINCETON WASHINGTON WILMINGTON ^ DELAWARE LIMITED LIABlLITY PARTNERSHIP February 15,2008 Page 2 If you have any questions with respect to the contents of this letter, the Account of the Executor or the Will of Belle F. Nelson, Deceased, please contact the undersigned. Very truly yours, /{L--l~~1k Kevin M. Scott KMS:mfm e:ncIosures cc: Executor SAUL E~/ING Attorneys at Law A Delaware LlP Kevin M. Scott Phone: (717) 257-7551 Fax: (717) 257-7592 kscott@saul.com www.saul.com February 15,2008 Office of the Attorney General Attn: Michael T. Foerster, Deputy Attorney General Charitable Trusts & Organizations Section 14th Floor, Strawberry Square Harrisburg, P A 17120 Re: Estate of Belle F. Nelson Notice of Audit Dear Mr. Foerster: Kindly be advised that this office represents both the Estate and the Executor of the Estate. This is to advise you that Manufacturers and Traders Company, Executor under the Will of Belle F. Nelson, intends to file its account ofthe administration of said Estate in the Office of the Register of Wills of Cumberland County, Pennsylvania. The account will be called for audit before the Orphans' Court Division on April 22, 2008 at 9:30 a.m. in Carlisle, Pennsylvania. In accordance with the Rules of Court, this notice is sent to you as parens patriae of the c:haritable organizations named as beneficiaries under the Trust of Belle F. Nelson (beneficiary under the Will of Belle F. Nelson). A copy ofthe Will is enclosed for your file. At the audit the Court will be advised that the charitable bequests will be distributed in accordance with the Petition to Reform the Charitable Annuity Trust and Order dated December 3,2007 (copy also enclosed). You are not required to appear at the audit. However, we would appreciate your issuing the Estate/Trust a Charitable Clearance Certificate. Attached to the First and Final Account, is a copy of the Petition to Reform the Trust. We would appreciate receiving a letter of no objection prior to the audit date so it can be presented to the Court. 2 North Second Slreet, 7'" Floor. Harrisburg, PA 17101-1619. Phone: (717) 257-7500. Fax. (717) 238-4622 BALTIMORE CHESTERBROOK HARRISBURG NEWARK PHILADELPHIA PRINCETON WASHINGTON WILMINGTON A DELAWA.RE LIMITED LIABILITY PARTNERSHIP February 15,2008 Page 2 Should you require additional information or wish to discuss this further, please feel free to give me a call. Very truly yours, /[L' \ ~ l,~ Kevin M. Scott KMS:mfm (:nclosures cc: Executor Attachment to Notice of Charitable Gift 2. (d) Five percent of the value of the Trust under Will of Belle F. Nelson is to be paid annually to a number of beneficiaries. Three individuals, Nancy Rudolph, Karen Schatz and Paul Nelson, shall share in the first $6,000 of the five percent annuity and the remainder of the five percent annuity shall be divided into predetermined shares and distributed to the following eleven charitable beneficiaries: Pinnacle Health System Alzheimer's Association South Central Pennsylvania Chapter Bethesda Mission Billy Graham Evangelistic Association Holy Spirit Hospital Camp Hill Presbyterian Church American Bible Society Robert H. Schuller Televangelism Association Christian Churches United ofthe Tri-County Area United Way of the Capital Region The Salvation Army. BUREAU 01' INDIVIDUAL TAXES INHERITANCE TAX DIVISION PO BOX 280M 1 HARRISBURG PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE INHERITANCE TAX STATEMENT OF ACCOUNT REV-1607 EX AFP (03-05) KEVIN M SCOTT SAUL EWING PO BOX 1291 HBG ESQ DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 06-20-2005 NELSON 06-06-2004 21 04-0636 CUMBERLAND 101 BELLE E Amount Remitted PA 17108 MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 NOTIE: To insure proper credit to your account, submit the upper portion of this form with your tax payment. CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ .......,......................................................................................................... REV-1607 EX AFP (03-05) *** INHERITANCE TAX STATEMENT OF ACCOUNT ... ESTATE OF NELSON BELLE E FILE NO.21 04-0636 ACN 101 DATE 06-20-2005 THIS STj~TEHENT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NAHED ESTATE. SHOWN BELOW IS A SUMHARY OF THE PRINCIPAL TAX DUE, APPLICATION OF ALL PAYHENTS, THE CURRENT BALANCE, AND, IF APPLICABLE, A PROJECTED INTEREST FIGURE. DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 05-30-2005 PRINCIPAL TAX DUE: 16,250.55 PAYMENTS (TAX CREDITS): PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID Dt~TE NUMBER INTEREST/PEN PAID (-) 09-0;~-2004 CD004336 789.47 15,000.00 03-0t.-2005 CD005024 .00 500.55 06-01)-2005 REFUND .00 39.47- TOTAL TAX CREDIT 16,250.55 BALANCE OF TAX DUE .00 INTEREST AND PEN. .00 IF PAID AFTER THIS DATE, SEE REVERSE TOTAL DUE .00 IE SIDE FOR CALCULATION OF ADDITIONAL INTEREST. ( IF TOTAL DUE IS LESS THAN $1, NOI PAYHENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CRJ, VI1i1l MAY RF DUE A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS. J PROPOSED DISTRIBUTIONS TO BENEFICIARIES Current Value # Units or as Noted Fiduciary Acquisition Value Belle F. Nelson Residuary Trust, Manufacturers and Traders Trust Company, Trustee - Entire Residue Principal: MTB Money Market-Inst I-Fund #420 $44,000 U S Savings Bond Series HH due 3/1/2012 3,837.93 shares American Century Equity Income Fund Inst Class 1,056 shares Exxon Mobil Corporation 1,441.75 shares Harbor International Fund #11 1,000.31 shares Loomis Sayles Small Cap Value Fund I 220 shares Midcap Spdr Tr Unit Series I 30735. 664shares MTB Large Cap Stock-Inst I-Fund #315 5129.864 shares MTB Mid Cap Growth-Inst I-Fund #401 12589.343shares MTB Equity Income Portfolio-Inst I-Fund #43 4469.763 shares MTB Multi Capital Growth-Inst I-Fund #430 2,347.96 shares MTB Small Cap Growth-Inst I-Fund #555 846,417.13 846,417.13 44,000.00 44,000.00 27,633.10 30,372.44 87,067.20 46,046.88 89,590.35 57,037.87 21,646.71 24,828.85 30,003.60 24,039.40 228,673.34 273,506.75 61,814.86 70,961. 78 73,773.55 109,796.41 77,148.11 63,738.82 35,923.79 42,267.51 1,623,691.74 1,633,013.84 Income: MTB Money Market-Inst I-Fund #420 24,941. 25 24,941. 25 1,648,632.99 1,657,955.09 36 COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNYSLV ANIA ORPHANS' COURT DIVISION Docket No: 21-2004-0636 INRE: FIRST AND FINAL ACCOUNT OF MANUFACTURERS AND TRADERS TRUST COMPANY, EXECUTOR FOR THE ESTATE OF BELLE F. NELSON, LATE OF CARLISLE BOROUGH, CUMBERLAND COUNTY, PENNSYLVANIA, DECEASED. AND PETITION FOR ADJUDICA TION/ST A TEMENT OF PROPOSED DISTRIBUTION ORDER OF COURT AN NOW, this 22nd day of April, 2008, the herein account is confirmed absolutely and distribution is decreed in accordance with the proposed schedule of distribution herewith. BY THE COURT, tl'> J. " M ..,:( '- (f. .-0.: ~c~ ::c ~OC:, .ex: ,-,0 - N 'V(/) 0::::.. N UJ<f: 0:::: -1I 0..... <..) CL ;:c.' ex: cr:~" co O~ = --' = (.) (',I vi Pa. D.C. Rule 6.12 STATUS REPORT REGISTER OF WILLS OF eV. dJl55t1.. //tf/f/f)... COUNTY, PEN"NSYL VANIA Name of Decedent .e If 2l.--S F. A/ELSO,J Date of Death: J ulf/li. t, I iX60 Y File Number: ~oo 't,OObJJ, Pursuant to Pa. O.C. Rule 6.12, I report the follO\ving with respect to completion ofthe administration of the above-captioned estate: 1. State whether administration of the estate is complete: . . . . . . . . . . . . . . . . . . .. ~ Yes 0 No 2. If the answeris No, state when the personal representative reasonably believes that the administration will be complete: 3. If the answer to No.1 is YES, state the following: a. Did the personal representative file a fina1'account with the Court? . . . . . .. KlYes D No b. The separate Orphans' Court No. (if any) for the personal representative's account is: ~cJOlf - 00'3' c. Did the personal representative state an account infOlTI1ally to the parties in interest? ................................. DY es ~ No d. Copies of receipts, releases, joinders and approvals of formal or informal accounts may be fiied wiTh the Clerk ofu~c Orphans' ~t;;;ff~'1;;;~JJ;~Wltur CO J- ~~ 6C~JC... ~ 1'1 ,;<<JoF ~,~ 011. Date V. ...:..:.....:.:./\\(\1"\ vd ;u_"..J. ,j I..J I U0\(V\ c~ ,~j'tiHd80 .l..O,'" ....., , . ;6 >\d3lJ Capacity: mPersonal Representative 0 Counsel -r}J{)VVlA& E )110#)/1/' Name of Person Filing this Form 01 () /Yl ~ R,AJ )//~ Address / VJ. J-1It;!-I . s, CA~U, Pit / tOI') I . .. 7/7..;ZL/O-Ljo-oK Telephone IS :2\ ~~d 61 ,\.VW sOOl ) Fo,.,,, RW-IO rev. JOIJ06 Cumberland County - Register Of Wills One Courthouse Square Carlisle, PA 17013 Phone: (717) 240-6345 Date: 5/14/2008 SNYDER DONN L SAULE EWING LLP 2 N SECOND ST 7TH FL HARRISBURG, PA 17101 o ~-:: S5 l.., '-'('-0 ; 1.:; r- ~/"111 .C0~ "--)c")cJ q-'Tl - :0 -a-l )> r--.) c;:::) = co :ll: ):P -<. +:- -0 ::x - .. RE: Estate of NELSON BELLE F File Number: 2004-00636 c..n -.J Dear Sir/Madam: This notice is to serve as a reminder that the Status Report by Personal Representative under Rule 6.12 is due on the below listed date. As per the AMENDMENTS TO SUPREME COURT ORPHANS' COURT RULES, NO. 103 SUPREME COURT RULES DOCKET NO.1, for decedents dying on or after July I, 1992, the personal representative or his counsel, within two (2) years of the decedent's death, shall file with the Register of Wills a Status Report of completed or uncompleted administration. This filing is due by: 6/06/2008 Please feel free to contact this office with any questions you may have. If you have already filed your Status Report, please disregard this notice. Sincerely, ~ ." C..P' , .. ~~(J -.(.a;~d;;~_ ~b(.~u~ru Glenda Farner Strasbaugh Clerk of the Orphans' Court cc: File Personal Representative(s) Cumberland County - Register Of Wills One Courthouse Square Carlisle, PA 17013 Phone: (717) 240-6345 Date: 5/14/2008 ONE WEST HIGH STREET CARLISLE, PA 17013 () S;'O * -:"c") -i:t~S ""::'7 :"CJ c,' 0> ;.~-::. r-.:> = c::> 0-.;:) M& T :lr J:'~ -< c) ~-, ?'h C") 9 ",.J (") ,"'=' ,~) _h... .o:.~ " - .. <.n -l RE: Estate of NELSON BELLE F File Number: 2004-00636 Dear Sir/Madam: This notice is to serve as a reminder that the Status Report by Personal Representative under Rule 6.12 is due on the below listed date. As per the AMENDMENTS TO SUPREME COURT ORPHANS' COURT RULES, NO. 103 SUPREME COURT RULES DOCKET NO.1, for decedents dying on or after July I, 1992, the personal representative or his counsel, within two (2) years of the decedent's death, shall file with the Register of Wills a Status Report of completed or uncompleted administration. This filing is due by: 6/06/2008 Please feel free to contact this office with any questions you may have. If you have already filed your Status Report, please disregard this notice. Sincerely, .tl " (,,;<!(' ,,;1'_ ~ _.n /ttl'/Il,1'.:~. l, m~,Pgi-1._/~Utd'~9fke Glenda Farner Strasbaugh Clerk of the Orphans' Court cc: File Counsel