HomeMy WebLinkAbout03-04-11 (3)1505607121
REV-1500 EX {06-05} OFFICIAL USE ONLY
PA Department of Revenue
Bureau of Individual Taxes County Code Year File Number
PO BOX 280601 INHERITANCE TAX RETURN
Harrisburg, PA 17128-0601 RESIDENT DECEDENT +2 1 1 0 1' 2 1 5
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death Date of Birth
1 6 2 2 2 6 0 1 3 1 2 0 4 2 0 1 0 0 1 1 9 1 9 2 4
Decedent's Last Name Suffix Decedent's First Name MI
T R E G O E L I Z A B E T H T
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name MI
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
1. Original Return ~ 2. Supplemental Return ~ 3. Remainder Return (date of death
prior to 12-13-82)
® 4. Limited Estate ~ 4a. Future Interest Compromise (date of ~ 5. Federal Estate Tax Return Required
death after 12-12-82)
QX 6. Decedent Died Testate ^X 7. Decedent Maintained a Living Trust 0 8. Total Number of Safe Deposit Boxes
(Attach Copy of Will) (Attach Copy of Trust)
9. Litigation Proceeds Received ~ 10. Spousal Poverty Credit (date of death ~ 11. Election to tax under Sec. 9113(A}
between 12-31-91 and 1-1-95) (Attach Sch. O)
CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytime Telephone Number
- ~7
I V O V O T T O I I I E S Q 7 1 7 3 3 ~: 4 ~-~f
Firm Name (If Applicable) ~'" ~''~ ~ `~ -`~'
M A R T S O N L A W O F F I C E S
First line of address
1 0 E A S T H I G H S T R E E T
Second line of address
City or Post Office
C A R L I S L E
State
P A
Correspondent's a-mail address: I O T T O e7 M A R T S 0 N L A W• C 0 M
_ ,
`~,~~-ri
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief,
it is true, correct and complete. Declaration of preparer other than the personal representatn-e is based on all information of which preparer has any knowledge.
TORE OF PFSRS~t~,R6S~Rt~J616LE FOR FILING RETURN ,HATE
733 FLORENCE CIRCLE MECHANICSBURG PA 17055
SiGNATUR OF R A HAN REPRESENTATIVE D TE
3/~~~ir
10 EAST HIGH STREET CARLISLE PA 1,7013
PLEASE USE ORIGINAL FORM ONLY
Side 1
1505607121 1505607121 J
DATE FILED
ZIP Code ~
1 7 0 1 3
1505607221
REV-1500 EX
Decedent's Name: ELIZABETH T • TREGO
Decedent's Social Security Number
1 6 2 2 2 6 0 1 3
RECAPITULATION
1. Real estate (Schedule A) ........................................ 1. •
2. Stocks and Bonds (Schedule B) .................................. 2. 9 2 9 7 7 5. 1 1
3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ..... 3. •
4. Mortgages & Notes Receivable (Schedule D) ........................ 4. •
5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ....... 5. 1 7 8 6 D 9 . 0 1
6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ....... 6. 2 1 1 5 5 . 4 0
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Sched
le G
~ S
t
Billi
R
t
d
7 ], 0 0 3 6 9 9 5
u
)
epara
e
ng
eques
.......
e . .
8. Total Gross Assets (total Lines 1-7} .. . ..................... . . . 8. 1 2 2 9 9 0 9 • 4 7
9. Funeral Ex enses & Administrative Costs Schedule H
p ( ) ................ 9. 3 8 4 5 8 . 5 0
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) ............ 10. 1 2 9 8 . 1 6
11. Total Deductions (total Lines 9 & 10) ........................... 11. 3 9 7 5 6 . 6 6
12. Net Value of Estate (Line 8 minus Line 11) ......................... 12. 1 1 9 D 1 5 2 . 8 1
13. Charitable and Governmental BequestslSec 9113 Trusts for which ? 7 3 2 0 5 4 6
an election to tax has not been made (Schedule J) .................. 13. .
14. Net Value Subject to Tax (Line 12 minus Line 13} .................. 14. 4 1 6 9 4 7 . 3 5
TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate, or
transfers under Sec. 9116
(a)(1.2) X.0 D 0 0 15.
16. Amount of Line 14 taxable
at lineal rate x .045 4 1 6 9 4 7. 3 5 16.
17. Amount of Line 14 taxable
at sibling rate X .12 D ~ D 17.
18. Amount of Line 14 taxable
at collateral rate X .15 D D D 18.
19. Tax Due ............ ........................... .. ..... ..19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
0. D 0
1 8 7 6 2. 6 3
0. D 0
0. D D
1 8 7 6 2. 6 3
Side 2
1505607221 1505607221
REV-1500 EX Page 3 File Number
Decedent's Complete Address: 21 l0 1215
DECEDENT'S NAME
ELIZABETH T. TREGO
STREET ADDRESS
1 LONGSDORF WAY
__
CITY
CARLISLE STATE
PA ZIP
17015
Tax Payments and Credits:
1. Tax Due (Page 2 Line 19} (1j 18,7b2.63
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount 938.13
Total Credits (A + B + C) (2)
3. Interest/Penalty if applicable
D. Interest
E. Penalty
Total Interest/Penalty (D + E )
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
Fill in oval on Page 2, Line 20 to request a refund.
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE.
A. Enter the interest on the tax due.
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
938.13
(3) 0.00
(4) 0.00
(5) 17,824.50
(5A)
(56) 17,824.50
Make Check Payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred : ...................................................................... ^
b. retain the right to designate who shall use the property transferred or its income; ............................... ^ Q
c. retain a reversionary interest; or ................................................................................................ ^
d. receive the promise for life of either payments, benefits or care? ....................................................... ^
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? ....................................................................................... ^
3. Did decedent own an "intrust for" or payable upon death bank account or security at his or her death? ......... ~ ^
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? .................................................................................................. ^ 0
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse
is three (3) percent [72 P.S. §9116 {a) (1.1) (i}].
For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent
[72 P.S. §9116 (a) (1.1) (ii)J. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and
filing a tax return are still applicable even if the surviving spouse is the only beneficiary.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an
adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116(a)(1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in
72 P.S. §9116(1.2) [72 P.S. §9116(a)(1)].
The tax rate imposed on the net value of trans#ers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1.3}). A sibling is defined, under
Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption.
REV-1503 EX + (6-98)
SCHEDULE B
COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
ELIZABETH T. TREGO 21 10 1215
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. Janney Montgomery Scott Acct 8283-8074, stocks/funds, see attached valuation 518,009.09
2
Janney Montgomery Scott Acct 8283-8074, bonds, see attached valuation ~ 411,766.02
TOTAL (Also enter on line 2, Recapitulation) ~ $ 929,775.11
(If more space is needed, insert additional sheets of the same size)
REV-1508 EX + (6-98)
SCHEDULE E
COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, & MISC.
IN RESIDENT DECEDEN RN PERSONAL PROPERTY
ESTATE OF FILE NUMBER
ELIZABETH T, TREGO 21 10 1215
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. Orrstown Bank, Checking Account #106001624 (accrued interest forfeited on closing) 57,364.35
2 Orrstown Bank, Savings Account #706002262 (accrued interest forfeited on closing) 115,404.32
3 Charles R Todd Trust, income through date of death 927.09
4 Genworth Life Insurance Company, Long-Term Care Insurance, reimbursement-Nov/Dec 2010 4,813.13
5 Genworth Life Insurance Company, refund of unused premium 72.33
6 HMA-Physician Management, refund 19.72
7 The Sentinel, newspaper subscription refund 8.07
TOTAL (Also enter on line 5, Recapitulation) ~ $ 178,609.01
(If more space is needed, insert additional sheets of the same size)
REV-1509 EX + (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
ELIZABETH T. TREGO
FILE NUMBER
21 10 1215
If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G.
SURVIVING JOINT TENANT(S) NRME ADDRESS RELATIONSHIP TO DECEDENT
A. JAMES T TREGO 733 FLORENCE CIRCLE SON
MECHANICSBURG, PA 17050
B
C
JOINTLY-OWNED PROPERTY:
ITEM
NUMBER LETTER
FOR JOINT
TENANT DATE
MADE
JOINT DESCRIPTION OF PROPERTY
INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR
IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE.
DATE OF DEATH
VALUE OF ASSET % OF
DECD'S
INTEREST DATE OF DEATH
VALUE OF
DECEDENTS INTERESI
1. A. ?/24103 Janney Montgomery Scott ACCT #8283-8076 (See 42,310.80 50. 21,155.40
Valuation Report attached)
TOTAL (Also enter on line 6, Recapitulation) I $ 21,155.40
(If more space is needed, insert additional sheets of the same size)
SCHEDULE F
JOINTLY-OWNED PROPERTY
REV-1510 EX + (6-9$)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
ESTATE OF FILE NUMBER
ELIZABETH T. TREGO 21 10 1215
This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes.
ITEM
NUMBER DESCRIPTION OF PROPERTY
INCLUDE THE NAME OF THE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND
THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE.
DATE OF DEATH
VALUE OF ASSET
% OF DECD'S
INTEREST
EXCLUSION
(IF APPLICABLE)
TAXABLE
VALUE
1. Orrtown Bank C.D. #4000028930, in trust for James T. Trego, Son 100,109.95 100. 100,109.95
2 Janney Montgomery Scott, check dated 12/1/10, payable to 260.00 100. 260.00
Elizabeth T. Trego and James T. Trego (son), Jt Ten
TOTAL (Also enter on line 7 Recapitulations ~ $ 100,369.95
(If more space is needed, insert additional sheets of the same size)
REV-1511 EX + (10-06)
SCHEDULE H
COMMONWEALTH OF PENNSYLVANIA FUNERAL EXPENSES &
INHERITANCE TAX RETURN ADMINISTRATIVE COSTS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
ELIZABETH T. TREGO 21 10 1215
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
1.
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personal Representative (s)
Street Address
City State Zip
Years} Commission Paid:
2. Attorney Fees Martson Law Offices 37,000.00
3. Family Exemption: (If decedents address is not the same as claimant's, attach explanation)
Claimant
Street Address
4.
5.
6.
7.
8
9
10
11
City State Zip
Relationship of Claimant to Decedent
Probate Fees Register of Wills of Cumberland County
Accountants Fees
Tax Return Preparer's Fees
Register of Wills, Short Certificates
EVP Systems, Inc., Stock valuation reports
Register of Wills, Filing fee, Inheritance Tax Return
Register of Wills, Additional Probate Fee
Reserved for preparation of income tax returns, miscellaneous filing & investment fees
TQTAL (Also enter on fine 9, Recapitulation) I $
(If more space is needed, insert additional sheets of the same size}
753.50
20.00
70.00
15.00
100.00
500.00
38,458.50
REV-1512 EX + (12-03)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
SCHEDULE 1
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES. & LIENS
ESTATE OF FILE NUMBER
ELIZABETH T. TREGO 21 10 1215
Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses.
ITEM ~ VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. Continuing Care RX 132.08
2 Cumberland Goodwill Fire Rescue EMS 81.75
3 Diakon Lutheran Social Ministries, account payable, acct 20630253 250.10
4 Diakon Lutheran Social Ministries, account payable, acct 20b30253 8.35
5 Diakon Lutheran Social Ministries, account payable, acct 20730181 825.88
TOTAL (Also enter on line 10, Recapitulation) I $ 1,298.16
(It more space is needed, insert additional sheets of the same size)
REV-1513 EX + (9-Q0;
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE J
BENEFICIARIES
ESTATE OF FILE NUMBER
ELIZABETH T. TREGO 21 10 121 S
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE
I TAXABLE DISTRIBUTIONS [include outri ht spousal distributions, and transfers under
Sec. 9116 {a~ (1.2)]
1. James T. Trego Lineal 21,155.40
733 Florence Circle (Sch. F, Item 1)
Mechanicsburg, PA 17050
2. James T. Trego Lineal 100,109.95
733 Florence Circle (Sch. G, Item 1)
Mechanicsburg, PA 17050
3. James T. Trego Lineal 260.00
733 Florence Circle (Sch. G, Item 2)
Mechanicsburg, PA 17050
4 James Parker Walker Lineal 10,000.00
5868 Philips Avenue
Pittsburgh, PA 15217
5 Brian Todd Walker Lineal 10,000.00
24769 Drakes Mill Road
Cambridge Springs, PA 16403
6 Amended & Restated Trust dtd 6/13/2008 fbo James T. Trego Lineal
present value of trust (see Sch. M) 275,422.00
II.
1
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
1. Amended & Restated Trust dtd 6/1312008 fbo Amelia Given Library, Bosler Free Library
and The Nature Conservancy, remainder interest of $773,205.46 (See Schedule M)
?73,205.46
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET I $ 773,205.46
(If more space is needed, insert additional sheets of the same size)
REV-1647 EX + (9-00)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
ELIZABETH T. TREGO
SCHEDULE M
FUTURE INTEREST COMPROMISE
heck Box 4a on Rev-1500 Cover Sheet
FILE NUMBER
21 10 1215
This Schedule is appropriate only for estates of decedents dying after December 12,1982.
This schedule is to be used for all future interests where the rate of tax which will be applicable when the future interest vests in
possession and enjoyment cannot be established with certainty.
Indicate below the type of instrument which created the future interest and attach a copy to the tax return.
^ Will Q Trust ^ Other
I. ~ Beneficiaries
NAME OF BENEFICIARY RELATIONSHIP DATE OF BIRTH AGE TO
NEAREST BIRTHDAY
~ • James T Tre o Son S/9/46 65
2.
3.
4.
5.
II. For decedents dying on or after July 1, 1994, if a surviving spouse exercised or intends to exercise a right of withdrawal within
9 months of the decedent's death, check the appropriate block and attach a copy of the document in which the surviving spouse
exercises such withdrawal right.
^ Unlimited right of withdrawal ^ Limited right of withdrawal
III. Explanation of Compromise Offer:
Date of Death: 12/04/2010
DOD Value of Trust 1,048,627.46
Age of Life Tenant at nearest Birthday 65
Federal Section 7520 rate for December, 2010 1 g%
Remainder Factor .73735
Present Value Factor .26265
Present Value of beneficial interest 275,422.00
Remainder Value 773,205.46
IV. Summary of Compromise Offer:
1. Amount of Future Interest ........................... ........ ............... $ 1,048,627.46
2. Value of Line 1 exempt from tax as amount passing to charities, etc.
(also include as part of total shown on Line 13 of Cover Sheet) .... .. $ 773,205.46
3. Value of Line 1 passing to spouse at appropriate tax rate
Check One ^ 6%, ^ 3%, ^ 0% .............. ..$
(also include as part of total shown on Line 15 of Cover Sheet)
4. Value of Line 1 taxable at lineal rate
Check One ^ 6%, XD 4.5% .................... .. $ 275,422.00
(also include as part of total shown on Line 16 of Cover Sheet)
5. Value of Line 1 taxable at sibling rate (12%)
(also include as part of total shown on Line 17 of Cover Sheet) .... .. $
6. Value of Line 1 taxable at collateral rate (15%)
(also include as part of total shown on Line 18 of Cover Sheet) .... .. $
7. Total value of Future Interest (sum of Lines 2 thru 6 must equal Line 1) ...... ............... $ 1,048,627.46
(If more space is needed, insert additional sheets of the same size)
Janney-Individual-8074
Date of Death: 12/04/2010 Estate of: Elizabeth T. Trego
Valuation Date: 12/04/2010 Account: 3495.2
Processing Date: 12!15/2010 Report Type: Date of Death
Number of Securities: 21
File ID: 3495.2.ind.janney
Shares Security Mean and/or Div and Int Security
or Par Description HighlAsk Low/Bid Adjustments Accruals Value
1) 628.236 AIM EQUITY FDS (001413103)
INVSC CHRTR FD A
NASDAQ
12/0312010 15.79000 Bid
15.790000 9,919.85
2) 3911.372 AIM COUNSELOR SER TR (001421255)
INV VK PN INCM A
NASDAQ
12/03/2010 15.72000 Bid
15.720000 61,486.77
3) 945.674 ATM TAX EXEMPT FDS INC (001419688)
INV VK HIYL MN A
NASDAQ
12!03!2010 9.23000 Bid
9.230000 8,728.57
4) 3093 AT&T INC (002068102)
NYSE
12/03/2010 28.50000 28.21000 H/L
12/06!2010 28.52000 28.26000 H/L
28.372500 87,756.14
5) 55 ALCATEL-LUCENT (013904305)
SPONSORED ADR
NYSE
12/03/2010 2.98000 2.91000 H/L
12106/2010 2.93000 2.86250 H/L
2.420625 160.63
6) 800 ANADARKO PETE CORP (032511107)
NYSE
12/03/2010 70.69000 68.79000 H/L
1210612010 70.59000 68.66000 H1L
69.6825QQ 55,746.00
Prices for 12/06/2010 adjusted up for dividend(s): 0.09
7) 2300 BLACKROCK MUNIYIELD PA QLTY FD (09255 6107)
NYSE
12/03/2010 13.97000 13.73000 H/L
12/06/2010 13.78000 13.66000 HIL
13.785000 31,705.50
8) 1000 BLACKROCK MUNI INCOME TR II (09249N10 1)
ASE
12/03/2010 13.68000 13.35000 H/L
12/06/2010 13.59000 13.38000 H/L
13.500000 13,500.00
9) 400 BRISTOL MYERS SQUIBB CO (11Q122108)
NYSE
12/03/2010 25.93000 25.61000 H/L
12/06/2010 25.99000 25.80000 H/L
25.832500 10,333.00
10) 4281.048 DMC TAX FREE INCOME TR PA (233216100)
SH BEN TNT A
NASDAQ
12/03/2010 7.79000 Bid
7.790000 33,349.36
11) 128 EXXON MOBIL CORP (302316102)
NYSE
12!03/2010 71.30000 70.89000 H/L
12/06/2010 71.60000 71.06000 H/L
71.212500 9,115.20
Div: 0.44 Ex: 11/09/201Q Rec: 11/12/2010 Pay: 12/10/2010 56.32
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. (Revision 6.4.1)
5~~. ~
Date of Death: 12/04/2010 Estate of: Elizabeth T. Trego
Valuation Date: 1210412010 Account: 3495.2
Processing Date: 12/15/2010 Report Type: Date of Death
Number of Securities: 21
File ID: 3495.2.ind.janney
Shares Security Mean and/or Div and Int Security
or Par Description High/Ask LowlBid Adjustments Accruals Value
12) 201 JPMORGAN CHASE & CO (46625H100)
NYSE
12/03/2010 39.67000 38.70000 H/L
12/06/2010 40.05000 39.30000 H/L
39.430000 7,925.43
13) 875 NATIONAL CITY CAP TR II (635407200)
PFD GTD 6.625$
NYSE
12/03/2010 25.14000 24.97000 H/L
12/06/2010 25.12000 24.97000 H/L
25.050000 21,918.75
14) 3987.73 OPPENHEIMER MULTI ST MUNICIPAL (683940308)
ROCH NAT MUN A
NASDAQ
12/03/2010 6.90000 Bid
6.900000 27,515.34
15) 1200 PPL ELEC UTILS CORP (693510863)
PFD REP 1/4INT
OTC
12/03/2010 24.96880 Sid
12106/2010 25.00000 A/B
24.984400 29,981.28
16} 1400 PPL CORP (693517106)
NYSE
12/03/2010 26.01000 25.62000 H/L
12/06/2010 26.00000 25.79000 H/L
25.855000 36,197.00
17) 740 PUBLIC SVC ENTERPRISE GROUP (744573106)
NYSE
12/03/2010 31.79000 31.32000 H/L
12106/2010 31.91250 31.54240 H/L
31.641225 23,414.51
Prices for 12/06/2010 adjusted up for dividend(s): 0.3425
18) 354 QWEST COMMUNICATIONS INTL INC (749121109)
NYSE
12/03/2010 7.14000 7.03000 H/L
12/06/2010 7.24000 7.06000 H/L
7.117500 2,519.59
Div: 0.08 Ex: 12/01/2010 Rec: 12/03/2010 Pay: 12/17/2010 28.32
19) 913 SPECTRA ENERGY CORP (847560109)
NYSE
12/03/2010 24.80000 24.50000 H/L
12/06/2010 24.83000 24.58000 H/L
24.677500 22,530.56
Div: 0.25 Ex: 11/09/2010 Rec: 11/12/2010 Pay: 12/13/2010 228,25
20) 360 SUNOCO INC (86764P109)
NYSE
12/03/2010 40.33000 39.40000 H/L
12/06/2010 40,29000 39.41000 H/L
39.857500 14,348.70
Div: 0.15 Ex: 11/1512010 Rec: 11/17/2010 Pay: 12/10/2010 54.00
21) 40 ZIMMER HLDGS INC (98956P102)
NYSE
12/03/2010 50.38000 49.81000 H/L
12/06/2010 50.24000 49.60000 H/L
50.007500 2,000.30
Total Value:
$510,152.48
Total Accrual: $366.89
Total: $510,519.37
Ja.nn fed/• ~ns• Sw~~ A'ec~~ yygq,7~
T ;~ Page 2
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This report was produced with EstateVal, a product of Estate Valuati ons & Pricing Systems, Inc. If you have questions,
please contact EVP Systems at (818) 313- 6300. (Revisi on 6.4.1)
Janney-Ind-Bonds
Date of Death: 12/04/2010 Estate of: Elizabeth T. Trego
Valuation Date: 12/04/2010 Account: 3495.2
Processing Date: 12/15/2010 Report Type: Date of Death
Number of Securities: 22
File ID: 3495.2.in d.janney.bonds
Shares Security Mean and/or Div and Int Security
or Par Description High/Ask Low/Bid Adjustments Accruals Value
1) 10000 BERKS CNTY PA MUN AUTH REV REF REV B (084538EZ6)
FT Intr.
DTD: 10/15/1998 Mat; 05/15!2018 5.7$
12/03/2010 95.62000 95.28000 A/B
12/06/2010 95.62100 95.28100 A/B
95.450500 9,545.05
Int: 11/15/2010 to 12/04/2010 30.08
2) 45000 BERKS CNTY PA MUN AUTH COLLEGE COLL REV (084536GH8)
OTC
DTD: 01/01/2004 Mat: 10/01/2012 4.3~
12/03/2010 98.42100 98.31900 A/B
12/06/2010 98.42300 98.32200 A/B
98.371250 44,267.06
Int: 10/01/2010 to 12/04/2010 338.63
3) 40000 CNA FINL CORP ( 126117AE0)
NYBE
DTD: 11/15/1993 Mat: 11/15/2023 7.25$
12/03/2010 107.07230 Bid
12/06/2010 107.80840 Bid
107.440350 42,976.14
Int: 11/15/2010 to 12/04/2010 153.06
4) 25000 CLARION CNTY PA INDL DEV AUTH REV BDS (18051VAR2)
FT Intr.
DTD: 10/02/2007 Mat: 07/01/2039 4.625
12/03/2010 77.27800 76.63500 A/B
12/06/2010 77.27900 76.63600 A/B
76.957000 19,239.25
Int: 07/01/2010 to 12/04/2010 491.41
5) 20000 CUMBERLAND CNTY PA MUN AUTH RE REV BDS (230614FC8)
OTC
DTD: 11/10/2010 Mat: 01/01/2018 4.625$
12/03/2010 97.15100 96.80600 A/B
12/0612010 97.15200 96.80700 A/B
96.979000 19,395.80
Int: 11/10/2010 to 12/04/2010 61.67
6) 10000 CUMBERLAND CNTY PA MUN AUTH RE IMPT BDS (230614BP3)
FT Intr.
DTD: 01/01/2003 Mat: 12/01/2022 5~
12/03/2010 97.45000 96.93200 A/B
12106/2010 97.45000 96.93200 A/B
97.191000 9,719.10
Int: 12/01/2010 to 12/04/2010 4.17
7) 25000 GENWORTH FINL INC (37247DAB2)
NYBE
DTD: 06/15/2004 Mat: 06/15/2034 6.5~
12/03!2010 85.94100 Bid
12/06/2010 86.61280 Bid
86.276900 21,569.23
Int: 06/15/2010 to 12/04/2010 762.85
8) 10000 HANOVER PA PUB SCH DIST GO BDS (41115MDL8)
FT Intr.
DTD: 08/15/2005 Mat: 03/01/2023 4.2~
12/03/2010 100.80000 100.75800 A/B
12/06!2010 100.84200 100.79900 A/B
100.799750 10,079.98
Int: 09/01/2010 to 12/04/2010 108.50
9) 20000 LANCASTER CNTY PA HOSP AUTH RE HOSP REV (514045YK3)
FT Intr.
DTD: 01/24/2007 Mat: 03/15/2036 4.5~
12/0312010 91.02500 90.76200 A/B
12/06/2010 91.02500 90.76200 A/B
90.893500 18,178.70
Int: 09/15/2010 to 12/04/2010 197.50
Page 1
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pleas e contact EVP Systems at (818) 313-6300. (Revision 6.4.1)
~ , ~~~ ,~ ~ ~,rn a ~1/3
Date of Death: 12!04/2010 Estate of: Elizabeth T. Trego
Valuation Date: 12104/2010 A ccount: 3495.2
Processing Date: 12/15/2010 R
eaox ~.~~~ of Death
Number of Securities: 22
File ID: 3445.2.ind.janney.bonds
Shares Security Mean and/or Div and Int Security
or Par Description High/Ask Low/Bid Adjustments Accruals Value
10) 10000 MIDDLETOWN BORO PA GO BDS (596842AK0)
FT Intr.
DTD: 12/15/2003 Mat: 01/01/2032 4.75
12/03/2010 94.89100 94.40000 A/B
12/06/2010 94.89100 94.40000 A/B
94.645500 9,464.55
Int: 07/01/2010 to 12/04/2010 201.88
11) 15000 MONTGOMERY CNTY PA INDL DEV AU REV BDS (61360PAX8)
FT Intr.
DTD: 12/20/2006 Mat: 11/15/2036 4.5~
12/03/2010 78.31100 77.67100 A/B
12/06/2010 78.31200 77.67200 A/B
77.991500 11,698.73
Int: 11/15/2010 to 12/04/2010 35.63
12) 25000 MONTGOMERY CNTY PA INDL DEV AU REV BDS (61360PAV2)
FT Intr.
DTD: 12/01/1998 Mat: 11/15/2028 5.25
12/03/2010 92.34100 91.72200 A/B
12/06/2010 92.34200 91.72300 A/B
92.032000 23,008.00
Int: 11/15/2010 to 12/04/2010 69.27
13) 10000 NORTHAMPTON CNTY PA GEN PURP A HOSP REV (66353RAG9)
OTC
DTD: 06/12!2008 Mat: 08/15/2028 5.375
12!03/2010 99.93500 99.25900 A/B
12/06/2010 99.93500 99.25900 A/B
99.597000 9,959.70
Int: 08/15/2010 to 12/04/2010 162.74
14) 10000 PENNSYLVANIA ST HIGHER EDL FAC HIEGHER E (70917RDV4 )
FT Intr.
DTD: 05/16/2006 Mat: 07/01/2031 4.625
12/03/2010 85.13500 84.50100 A/B
12/06/2010 85.13600 84.50300 AJB
84.818750 8,481.88
Int: 07/01/2010 to 12/04/2010 196.56
15) 35000 PENNSYLVANIA ST HIGHER EDL FAC REV BDS (70917NSU4)
FT Intr.
DTD: 06/0112005 Mat: 07/01/2031 4.375
12/03/2010 85.25600 84.60600 A/B
12/06/2010 85.25800 84.60700 A/B
84.931750 29,726.11
Int: 07/01/2010 to 12/04/2010 650.78
16) 20000 PENNSYLVANIA ST TPK COMMN TPK TURNPIKE (709223NP2)
FT Intr.
DTD: 03!01!2001 Mat: 12!01/2030 5~
12/03/2010 101.48800 101.46900 A/B
12/06/2010 101.48700 101.46800 A/B
101.478000 20,295.60
Int: 12/01/2010 to 12/04/2010 8.33
17) 25000 PHILADELPHIA PA HOSPS & HIGHER REV BDS (717903022)
FT Intr.
DTD: 02127/2007 Mat: 07!01/2037 4.5$
12/03/2010 90.61300 90.34500 A/B
12/06/2010 90.61400 90.34600 A!B
90.479500 22,619.88
Int: 07/01/2010 to 12/04/2010 478.13
18) 20000 ROANOKE VA INDL DEV AUTH RESID REV REF B (770090DD7)
FT Intr.
DTD: 12/01/2002 Mat: 12!01/2025 6~
12/03/2010 88.43900 87.94200 AJB
12/06/2010 88.44000 87.94300 A/B
88.191000 17,638.20
Int: 12/01/2010 to 12/04/2010 10.00
Page 2
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. (Revision 6.4.1)
Date of Death: 12/04/2010 Estate of: Elizabeth T. Trego
Valuation Date: 12/04/2010 Account: 3495.2
Processing Date: 12/15/2010 Report Type: Date of Death
Number of Securities: 22
File ID: 3495.2.ind.janney.bonds
Shares Security Mean and/or Div and Int Security
or Par Description HighlAsk Low/Bid Adjustments Accruals Value
19) 5000 SOUTHEAST DELCO SCH DIST PA GO BDS (841350JM4)
FT Intr.
DTD: 03/15/2006 Mat: 10/01/2026 4.3$
12/03/2010 98.19300 97.74900 A/B
12/06/2010 98.19300 97.74900 A/B
97.971000 4,898.55
Int: 10/01/2010 to 12/04/2010 37.62
20) 5000 SUSQUEHANNA AREA REGL ARPT AUT AIRPORT S (86909RAH4)
FT Intr.
DTD: 05/08/2003 Mat: 01/01/2028 5~
12!03/2010 86.42700 85.86600 A/B
12/06/2010 86.42800 85.86700 A/B
86.147000 4,307.35
Int: 07/01/2010 to 12/04/2010 106.25
21) 35000 UNION CNTY PA HOSP AUTH HOSP R HOSP REV (906460CT5)
FT Intr.
DTD: 08/15/2004 Mat: 08/01/2034 5$
12/03/2010 84.00900 83.36700 A/B
12/06/2010 84.01000 83.36800 A/B
83.688500 29,290.98
Int: 08/01/2010 to 12/04/2010 597.92
22) 20000 WEST SHORE PA AREA HOSP AUTH H REV BDS (955817DA6)
FT Intr.
DTD: 12/01/2001 Mat: 01/01/2015 5.75$
12!03/2010 101.09400 101.05300 A/B
12/06/2010 101.09200 101.05000 A/B
101.072250 20,214.45
Int: 07/01!2010 to 12/04/2010 488.75
Total Value:
$406,574.29
Total Accrual: $5,191.73
Total: $411,766.02
Page 3
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please contact EVP Systems at (818) 313-6300. (Revision 6.4.1)
Utl.-16-2010 i THU) l a c OT
l,J1tK~~1 UW 1V ,
~~AN~
~ r.o}
December 16, 20I0
Nis. Corrine L. Myers
Martsor- Law OClices
10 East HigYi Street
Carlisle, PA 170 ~ 3
Pax 243-1$50
Re: Estat+~ of Elizabeth T. Trego
Social Security Number 1 C~2-22-6 013
Date of Death December 4, 2010
ll' I$ HL'~G'EI~'BY CERT'1~'.tELn 7'HA~'' THE ABOVE 1YA11~D DECEDENT HAD THE
FOLLOWING ~1CCUUN'T'S LVI~'H t.~RRST'4Wi1~ .]~tA1V.1~':
CHECKING ACC~?UNT
P. 001 /002
Account N'o. - 106001624 , C ~~ ''
~ , ~ ~~~ I
Account Type -- Relation Int Check S
Date Opened - 10/ x.6/00
Joint Account (name/date) - 1Vorte
Balance - ~ $57,364.35
Accrued Interest - $1.49
SATlINGS ACCOUNT
Account Na. - 706002262
Account Type - Prime Statern~ent Savings ,~~ ''~ L~ ~.
Date Opened - 12/20/05 SCff
Joint Account (Warne/date) - None
$2~.lanCe - $115,404.32
Accrued Interest ~ $30.03
77 East King Street
P.O. Box 250
Shippensburg, PA 17257
1.888.t~RRST~OWN
~AIWIN.O~'1'~1~4i1V1'l.C41'17
~ERT'IFICA. TE GF DEPOSTl Cin 7~"'u s f ~ r
P. 002/002
.~/ ~tcs % I r c ~ o /)
Account No. - 40ppp~$9SU
A.ccQUnt 'T`ype -- 3a Gold Medal W/ Dep
D~.te opened - 9 / 24 / p8 ~ ~~ . ~~ ~ ~; ~
Joint Account (name/date) - None
Balance - X99,999.44
Accrued Interest -~ ~ 114.95
Best Regards,
~Ticki L. Gulli~ron
~ustorne~ Service Specialist
~.
Date of Death: 12J04/2010
Valuation Date: 12/04/2010
Processing Date: 12!14/2010
Shares Security
Joint Account-Janney
Estate of: Elizabeth T. Trego
Account: 3495.2
Report Type: Date of Death
Number of Securities: 1
File ID: 3495.2.jt.janney
Mean andlor Div and Int Security
High/Aslc Low/Bid Adjustments Accruals Value
1) 1600 FIFTH THIRD CAP TR V (31678W204)
GTDTR PFD SC67
NYSE
12/03/2010
12/06/2010
Total Value:
Total Accrual:
Total: $39,828.00
25.03000 24.73000 H/L
25.01000 24.80000 H/L
24.892500
.J (,i..,r ~ /1.2,G ~ tir v ~ -~-~. 1"~ S ~ CIR. rJ
39,828.00
y ... . ....... .....
$0.00
~4 8~ .S'o
Page 1
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please contact EVP Systems at (818) 313-6300. (Revision 6.4.1)
F:\F1LES\Clirnts\3495 Trego~3495.2.arnended.trust.2008
~U~, -
AMENDED AND RESTATED TRUST AGREEMENT
MADE as of this l~ 'day of , 2008, between ELIZABETH T.
TREGO of South Middleton Township, Cumberland County, Pennsylvania ("Settlor"), and
WILLIAM F. MARTSON, of Carlisle, Pennsylvania ("Trustee").
WHEREAS, Settlor has previously established a certain trust by Agreement of Trust
dated October 9, 1991, amended by First Amendment to Agreement of Trust dated June 22,
1993, Second Amendment to Agreement of Trust dated June 10, 1996, and Third Amendment
to Agreement of Trust dated April 1, 1998, Fourth Amendment to Agreement of Trust dated
October 1, 2002, and Fifth Amendment to Agreement of Trust dated December 13, 2005; and
WHEREAS, Settlor wishes to amend and restate such Agreement of Trust in its entirety.
NOW, THEREFORE, intending to be legally bound hereby, Settlor and Trustee agree
that such Agreement of Trust and amendments thereto are hereby amended and restated and
Trustee shall hold and manage such property held in such Trust, as well as any other property
that is a part of the Trust or that maybe added to the Trust for the following uses and purposes:
ARTICLE I
Settlor and Trustee agree that any property transferred to Trustee, in trust, shall be held
for the purposes hereinafter set forth.
ARTICLE II
The Trustee shall collect the income from the Trust Estate and shall pay all proper
charges and expenses. The net income of the Trust Estate after payment of all such charges and
expenses shall be held, administered and invested by the Trustee, to be distributed, together with
the net income and such accumulated income and corpus, as hereafter provided. All dividends
payable in shares of stock on the corporations declaring the dividend shall be treated as principal
without regard to the number of shares payable.
ARTICLE III
During the lifetime of Settlor, this trust may be revoked by Settlor by giving five (5) days
written notice to the Trustee hereunder, and in the case of such revocation, all property then held
in the trust shall be distributed to Settlor.
During the lifetime of Settlor, this trust may be altered or amended by agreement between
Settlor and the Trustee hereunder.
-1-
ARTICLE IV
During the lifetime of Settlor, the net income of the trust, if any, shall be paid to or for
the benefit of Settlor in quarterly installments, and the principal of the Trust, if any, or any
portion of the principal, shall be paid as Settlor, of someone acting legally on her behalf, may
demand. Even though Settlor is not adjudicated incompetent, if she is under a legal disability
or because of mental or physical disability she is, in the opinion of the Trustee hereunder, unable
to make reasoned demands for amounts from the principal, the Trustee hereunder shall pay for
her benefit such amount from the principal as maybe necessary to maintain for her a standard
of living approximately equal to that maintained by her during her lifetime, and to meet her
expenses arising from ill health, or invalidism.
ARTICLE V
Upon the death of Settlor, the principal and any undistributed income shall be held,
invested and reinvested by said Trustee for the following purposes:
A. The Trustee shall distribute to each of JAMES PARKER WALKER and BRIAN
TODD WALKER, without substitution of issue, the sum of Ten Thousand Dollars ($10,000.00)
B. The Trustee shall hold, invest and reinvest the remaining principal of the trust,
collect the income arising therefrom, and after paying expenses incident to the management of
the Trust, shall pay the net income of the Trust to JAMES TODD TREGO in monthly or
quarterly installments, whichever shall be appropriate. Further, the Trustee shall have the sole
discretion to invade the principal of said Trust as the same may be necessary for the health,
maintenance and support of the said JAMES TODD TREGO; however, the Trustee is cautioned
with regard to the distribution of any principal that it is Settlor's intention that the Trust
established herein shall be for the sole benefit of JAMES TODD TREGO during his lifetime, and
for no other persons or entities.
C. Upon the death of said JAMES TODD TREGO, Trustee shall distribute the
principal then remaining as follows:
1. One-fourth (1 /4) thereof unto the AMELIA GIVEN LIBRARY, Mount
Holly Springs, Pennsylvania;
2. One-fourth (1 /4) thereof unto the BOSLER FREE LIBRARY, Carlisle,
-2-
Pennsylvania;
3 . One -half (1 /2) thereof unto THE NATURE CONSERVANCY, Chestnut
Street, Philadelphia, Pennsylvania, with the condition that the same be used solely within
the Commonwealth of Pennsylvania for the purchase or maintenance of Conservancy
projects.
D. Settlor does hereby acknowledge that she has been advised of the tax advantages
of a charitable remainder trust; however, it is Settlor's primary desire to benefit the said JAME5
TODD TREGO, therefore, an election was made not to create a charitable remainder trust
hereunder.
ARTICLE VI
No part of the income or principal of the property held under this trust created hereunder
shall be subject to attachment, levy or seizure by any creditor, spouse, assignee or trustee or
receiver in bankruptcy of any beneficiary prior to his or her actual receipt thereof. The Trustee
shall pay over the net income and the principal to the parties herein designated, as their interests
may appear, without regard to any attempted anticipation, pledging or assignment by any
beneficiary of these trusts, and without regard to any claim thereto or attempted levy, attachment,
seizure, or other process against said beneficiary
ARTICLE VII
In addition to the powers conferred by case law, by statute, and by other provisions
hereof, the Trustee and his successor shall have the following discretionary powers applicable
to all property held by them which powers shall be effective without order of any court and shall
exist until final distribution:
A. To retain any property of any nature received by them for whatever period they
shall deem advisable. This shall include the power to retain my dwelling in the event my son
shall desire to reside therein and to retain same for as long as he shall desire to so reside;
B. To invest and reinvest all or part of said property in such stocks, bonds, securities
or other property, real or personal, as the Trustee, in his discretion, shall deem proper, without
regard to statues limiting the property which a fiduciary may purchase;
C. To sell, transfer, exchange or otherwise dispose of any part of said property, for
-3-
cash or on terms, publicly or privately, or to lease, even for a term exceeding five (5) years or
the duration of any trust herein, without liability on the purchasers or lessees to see to the
application of the proceeds, and to give options for these purchases without the obligation to
repudiate them in favor of a higher offer;
D. To execute and deliver any deeds, leases, assignments or other instruments as
may be necessary to carry out the provisions of any trust hereunder;
E. To borrow money, including the right to borrow money from any bank and to
mortgage or pledge any asset of the estate as security;
F. To assume continuance of the status of any beneficiary with regard to death,
marriage, divorce, illness, incapacity and the like in the absence of information deemed reliable
without liability for disbursements made on such assumption;
G. To pay from the corpus of the Trust, or the income therefrom, all debts, claims,
taxes or similar charges;
H. To make any distribution hereunder either in kind or in money, or partially in kind
and partially in money. Distribution in kind shall be made at the market value of the property
distributed, and the Trustee, in his absolute discretion, may cause the share distributed to any
distributee to be composed of property similar to or different from that distributed to any other
distributee;
I. To exercise any subscription right in connection with any security held hereunder,
to consent to or participate in any recapitalization, reorganization, consolidation or merger of any
corporation, company or association, the securities of which may be held hereunder, to delegate
authority with respect thereto,.to deposit investments under agreements, to pay assessments, and
generally to exercise all rights of investors;
J. To invest in endowment, insurance or annuity policies on the lives of beneficiaries
of any trust hereunder;
K. To continue in any partnership, joint venture, joint ownership or other business
enterprise of which Settlor is a part at the time of her death;
L. To compromise claims;
M. To continue for whatever period of time as the Trustee shall deem necessary any
-4-
ownership as a tenant in common or as a partner, in real estate or other property and to act as
Settlor could have acted while living;
N. To lend money to Settlor's estate or to any trust created hereunder or to purchase
from the estate or from any trust created hereunder, at the market value thereof at
the time of purchase, any securities or other property tendered to Trustee by Settlor's estate or
any trust created hereunder at any time and from time to time within a period of nine (9) months
after Settlor's death;
O. In the event that any amounts are payable hereunder or under any trust created
hereunder to a minor, or to a person otherwise under legal disability, or to a person not
adjudicated incompetent, but who, by reason of illness or mental or physical disability is, in the
opinion of Trustee hereunder, unable to properly administer such amounts, such amounts may
be paid by Trustee hereunder in his sole discretion in any of the following ways as he may deem
best:
1. Directly to such beneficiary;
2. To alegally-appointed guardian of such beneficiary for the benefit of such
beneficiary;
3. To a person having custody of such beneficiary for the benefit of such
beneficiary;
4. By the Trustee hereunder using such amounts directly to the benefit of
such beneficiary.
Evidence of the application or payment of an amount in such a manner shall be a full and
complete discharge of the Trustee hereunder to the extent of such payment or application. This
paragraph shall be applicable to payments of income as well as principal.
P. To do all other acts in the judgment of the Trustee necessary or desirable for the
proper management, investment and distribution of Settlor's Estate.
ARTICLE VIII
Settlor does hereby designate IVO V. OTTO III as successor Trustee in the event
WILLIAM F. MARTSON shall be unable or unwilling to so act. By the execution of his joinder,
IVO V. OTTO III does hereby agree to the terms of this agreement in the event he shall succeed
-5-
to the capacity of Trustee under the terms of this Agreement.
ARTICLE IX
This trust shall be administered and interpreted in accordance with the laws of the
Commonwealth of Pennsylvania.
IN WITNESS WHEREOF, Settlor and Trustee have hereunto set their hands and seals
the day and year first aforesaid.
Witne
1 ~
SET Q,~tQ~,~, .
Elizabeth T. Trego
Witness:
TRUSTEE: ~ "
f /r,
William F. Martson
IVO V. OTTO III does hereby agree to act as successor Trustee in accordance with the
terms set forth above.
EXECUTED this ~3 ~ay of LG,~..-~ , 2008.
Witness: TR STEE
No V. Otto III
-6-
COMMONWEALTH OF PENNSYLVANIA )
:SS.
COUNTY OF CUMBERLAND )
On this, the /3~ay of , 2008, before me, the undersigned officer,
personally appeared ELIZABET T. TREGO, known to me to be the person whose name is
subscribed to the within instrument ,and acknowledged that she executed the same for the
purposes therein contained.
IN WITNESS WHEREOF, I hereunto set my han nd notarial seal.
CONQv10NWEALTH OF PENNSYLVAMA `
NOTARIAL SEAL ~
Victoria L. Otto, Notary Public Not Public
Carlisle Borough, Cumberland County ~'y
My commission expires December 20, 2010
STATE OF p E~~YL~I~-~V't ~4 )
:SS.
COUNTY OF C',tt.m.8~~~-~tJ'~ )
,l~tti
On this, the ~~' day of , 2008, before me, the undersigned officer,
personally appeared WILLIAM F. RTSON, known to me to be the person whose name is
subscribed to the within instrument, and acknowledged that he executed the same for the
purposes therein contained.
IN WITNESS WHEREOF, I hereunto set my hand and notarial seal.
No Public
COMMONWEALTH OF PENNSYLVANIA
NOTARIAL SEAL
COMMONWEALTH OF PENNSYLVANIA ) Corrine L. Myers, Notary Public
Carlisle Borough, Cumberland County
: S S • My commission ex ices Ma 27, 2011
COUNTY OF CUMBERLAND }
On this, the /~~ay of ~Gr'-e- , 2008 ,before me, the undersigned officer,
personally appeared IVO V. OT O III, known to me to be the person whose name is subscribed
to the within instrument, and acknowledged that he executed the same for the purposes therein
contained.
IN WITNESS WHEREOF, I hereunto set my ha and notarial se
`~-'-
'~OIvav10NWEALTH OF PENNSYLVAMA Notary Public
NOTARIAL SEAL
Victoria L. Otto, Notary Public
. Carlisle Borough, Cumberland County
My commission expires December 20, 2010
-7-
F ~
F:\FILES\DATAFILE\W ILL5~3d95-2.COC
I, ELLZABETH T. TREGO, of South Middleton Township, Cumberland County,
Pennsylvania, being of sound and disposing mind, memory and understanding, do make, publish and
declare this to be a Second Codicil to my Last Will and Testament dated October 9, 1991.
1.
Paragraph 4 of my said Last Will and Testament shall be restated as follows:
I nominate, constitute and appoint my son, JAMES TODD TR.EGO,
as Executor of my estate. In the event he shall be unable or unwilling
to serve in such capacity, then I appoint WILLIAM F. MARTSON,
Carlisle, Pennsylvania, as Executor of my estate. In the event both
my son, JAMES TODD TREGO, and WILLIAM F. MARTSON
shall be unable or unwilling to serve in such capacity, then I appoint
IVO V. OTTO III, Carlisle, Pennsylvania, as Executor of my estate.
d
O
~~,
2.
In all other respects, I ratify and affirm my said Last Will and Testament dated October 9,
1991.
r---
IN WITNESS WI~REOF, I have hereunto set my hand and seal this ~ f~ day of
199 •~
~.
(SEAL)
Elizabet .Trego
SIGNED, SEALED, PUBLISHED AND DECLARED by the above-named Testatrix, as and
for a Codicil to her Last Wili and Testament dated Elizabeth T. Trego, in the presence of us, who
at her request, have hereunto subscribed our names as witnesses thereto, in the presence of the said
Testatrix and of each other,.
ORIGINAL RETAINED 6Y;
LAW OFFICES
~a~son 1~ea~oz~~1~c,~~cams. ~r ~EtC1
A PROFESSIONAL CORPORATION
TEN EAST HIGH STREET
CARLISLE, PA 17013
X717) 2d3-33dt
~ - ,~.
COMMONWEALTH OF PENNSYLVANIA )
COUNTY OF CUMBERLAND )
SS.
I, Elizabeth T. Trego, Testatrix, whose name is signed to the attached or foregoing
instrument, having been duly qualified according to law, do hereby acknowledge that I signed and
executed the instrument as a Codicil to my Last Will dated October 9, 1991; that I signed it
willingly; and that I signed it as my free and voluntary act for the purposes therein expressed.
Elizabet .Trego
Sworn or affirmed to and acknowledged before me by Elizabeth T. Trego, the Testatrix, this la
day of , 199
Nota Public
COMMONWEALTH OF PENNSYLVANIA ) Pnylr~ E. Decher~e, Notary Public
. S S . Carlisle Boro, Cumberland County
COUNTY OF CUMBERLAND ) N1Y Commission Expires Jan. 5, i 998
i
.-
the witnesses whose names are signed to~~e attached or regoing instrument, being duly qualified
according to law, do depose and say that we were present and saw Elizabeth T. Trego, the Testatrix,
sign and execute the instrument as a Codicil to her Last Will dated October 9, 1991; that the
Testatrix signed willingly and that the Testatrix executed it as her free and voluntary act for the
purposes therein expressed; that each of us, in the hearing and sight of the Testatrix, signed the
Codicil as witnesses; and that to the best of our knowledge the Testatrix was at that time 1 S or more
years of age, of sound mind and under no constraint or undue influence.
,~~ ;
Address ,~ ~ ~ ,~~ ~,~ ~,_~ - f.
d SS ®~~
~~~
Sworn or affirmed to and subscribed before me this ~ ~ day of , 199.x.
Notary ublic
Notarial Seal
Phyllis E. Dechene, Notary Pubbc
Carlisle 8oro, Cumberland County
MY Commission Expires Jan. 5, 1998
~,
coDICIL
I, ELIZABETH T. TREGO, of South Middleton Township, Cumberland
County, Pennsylvania, being of sound and disposing mind, memory and
understanding, do make, publish and declare this to be a Codicil to
my Last Will and Testament dated October 9, 1991.
1.
Paragraph 4 of said Last Will and Testament shall be restated
as follows:
I nominate, constitute and appoint WILLIAM F.
M'ARTSON, Carlisle, Pennsylvania, as Executor of my
estate. In the event he shall be unable or unwilling to
serve in such capacity, then I appoint IVO V. OTTO III,
Carlisle, Pennsylvania, as successor Executor.
2.
In all other respects, I ratify and affirm my said Last Will
and Testament dated October 9, 1991.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this
~~ .
~~ day of s
1991.
` (SEAL)
Eliza th T. Trego
SIGNED, SEALED, PUBLISHED and DECLARED by the above-named
Testatrix, as and for a Codicil to her Last Will and Testament
dated October 9, 1991, in the presence of us, who have hereunto
subscribed our names at her request as witnesses thereto, in the
presence of said Testatrix and of each ,other.
~. ~~~
G
r - ~~
~ ,.
ti
COMMONWEALTH OF PENNSYLVANIA )
SS.
COUNTY OF CUMBERLAND )
I, Elizabeth T. Trego, Testatrix, whose name is signed to the
attached or foregoing instrument, having been duly qualified
according to law, do hereby acknowledge that I signed and executed
the instrument as a Codicil to my Last Will dated October 9, 1991;
that I signed it willingly; and that I signed it as my free and
voluntary act for the purposes therein expressed.
Eliza T. Trego .
Sworn or affirmed to and ackn wledged be ore me by Elizabeth
T. Trego, the Testatrix, this ~~day of 1991.
~_ ~~.~~
Nota Public
COMMONWEALTH OF PENNSYLVANIA ) ~ s~t°t~i~ ~~
: S S . f(imbnrly E. ~`~sFx, Notary Public
Cari-~le l~or~ucth, Cuml~riar'd County
COUNTY OF CUMBERLAND ) !r~ Ccmn~iasioar Erpi~rES Dsc_ ~3, 191
the witness s whose ames are signed to the attached or foregoing
instrument, being duly qualified according to law, do depose and
say that we were present and saw the Testatrix sign and execute the
instrument as a Codicil to her Last Will dated October 9, 1991;
that the Testatrix signed willingly and that the Testatrix executed
it as her free and voluntary act for the purposes therein
expressed; that each of us, in the hearing and sight of the
Testatrix, signed the Codicil as witnesses; and that to the best of
our knowledge the Testatrix was at that time 18 or more years of
age, of sound mind and under no co~}straint or undue influence.
~' (.~ .
Ad ress /
/ ~ ~~
. -.._.~
Address ~ ~~ r ~ ~ , ~ s. „ ~ -
Sworn or affirmed to and subscribed before me this <~*~~day of
%i' , 19 91.
Notary Public
Nutsri~l ,SAaI
Ki-rh~tl~ ~, Wly~ir~ Notary Public
~aN~sN i~cx~.x~h~ ~Jumt3~rl~nd County
,~I~y tkmmi~talat~ Explr~s ~. ~3i 1P91
...1.w+.L'.:.1... yy.w. w.
T
ORIGINAL RE7AINEt~ ~:~ ~~~
LAW OFFICES
A PRUFES510NAL CORPORAT'f
TEN EAST HIGH STREf~'
cARUSLE, PA 1701
X717) 2d3.33~ i
LAST WILL AND TESTAMENT
I, ELIZABETH T. TREGO, of South Middleton Township, Cumberland
County, Pennsylvania, being of sound and disposing mind and memory,
do hereby make, publish and declare this to be my Last Will and
Testament, hereby revoking any and all former Wills or Codicils by
m~ made.
1.
I direct that all my just debts, funeral expenses,
testamentary expenses and all inheritance taxes (whether such taxes
may be payable by my estate or by any recipient of any property)
shall be paid from my residuary estate as soon as practicable after
n my decease and as part of the administration of my estate. My
Executor shall have no duty or obligation to obtain reimbursement
_.~
for any such tax so paid, even though on proceeds of insurance or
other property not passing under this Will.
2.
I give, devise and bequeath all of my estate, both real and
personal property, to my Trustee under a certain inter-vivos Trust
Agreement created on this date naming WILLIAM F. MARTSON Trustee
and IVO V. OTTO III as alternate Trustee, to have and to hold, in
trust, for the uses and purposes and subject to the terms and
provisions thereof.
E.T.T.
Page 1 of 7 Pages
3.
In addition to the powers conferred by case law, by statute,
and by other provisions hereof, my Executor and Trustee, and their
successors, shall have the following discretionary powers
applicable to all property held by them which powers shall be
effective without order of any court and shall exist until final.
distribution:
(a ) To retain any property of any nature received by them for
whatever period they shall deem advisable . TiZis shall include the
power to retain my dwelling in the event my soil shall desire to
reside therein and to retain same for as long as he shall desire to
so reside;
(b) To invest and reinvest all or any part of said property
in such stocks, bonds, securities or other property, real or
personal, as in their discretion they shall deem proper, without
regard to statutes limiting the property which a fiduciary may
purchase;
(c } To sell, transfer, exchange or.. otherwise dispose of , ~.ny
part of said property, for cash cr on terms, publicly or privately,
or to lease, even for a term exceeding five (5) years or the
duration of any trust herein, without liability on the purchasers
or lessees to see to the application of the proceeds, and to give
~,~_',~.
E.T.7'.
Page 2 of 7 Wages
options for these purchases without the obligation to repudiate
them in f avor of a higher offer;
(d) To execute and deliver any deeds, leases, assignments or
other instruments as may be necessary to carry out the provisions
of any trust hereunder;
(e ) To borrow money, including the right to borrow money from
any bank and to mortgage or pledge any asset of the estate as
security;
(f ) To assume continuance of the status of any beneficiary
with regard to death, marriage, divorce, illness, incapacity and
the like in the absence of information deemed reliable without
liability for disbursements made on such assumption;
(g ) To pay from the trust, or the income therefrom, all debts
or claims against my estate, or any taxes or similar charges on my
estate;
(h) To make any distribution hereunder either in kind or in
money, or partially in kind and partiially in money. Distribution
in kind shall be made at the market. value of the property
distributed, and my Trustee, in its absolute discretion, may cause
the share distributed to any distributee tc be composed of property
similar to or different from that distributed to any other
distributee;
~ ~
Page 3 of 7 Pages
(i} To exercise any subscription right in connection with any
security held hereunder, to consent to or participate in any
recapitalization, reorganization, consolidation or merger of any
corporation, company or association, the securities of which may be
held hereunder, to delegate authority with respect thereto, to
deposit investments under agreements, to pay assessments, and
generally to exerc.i_se all rights of inves~;ors ;
(j) To invest in endowment, insurance or annuity policies on
the lives of beneficiaries of any trust hereunder;
(k) To continue in any partnership, joint venture, joint
ownership or other business enterprise of which I am a part at the
time of my death;
(1) To compromise claims;
(m) To continue for whatever period of time as they shall
deem necessary any ownership as a tenant in common or as a partner,
in real estate or other property and to act as I could have done
had I been living;
(n) To lend money to my estate or to any trust created
hereunder or to purchase from the estate or from an~r trust created
hereunder, at the market value thereof at the time of purchase, any
securities or other property tendered to them by my estate or any
trust created hereunder at any time and from time to time within a
period of nine (9} months after my death;
~.~.~-
E.T.T.
Page 4 of 7 Pages
(o) In the event that any amounts are payable hereunder or
under any trust created hereunder to a minor, or to a person
otherwise under legal disability, or to a person not adjudicated
incompetent, but who, by reason of illness or mental or physical
disability is, in the opinion of fiduciary(ies) hereunder, unable
to properly administer such amounts, such amounts may be paid by
the fiduciary(ies ) hereunder ir_ his, her :~r tti~eir so.Le di::cretien
in any of the following ways as he, she or they may deem best:
(1) Directly to such beneficiary;
(2) To a legally appointed guardian of such beneficiary
for the benefit of such beneficiary;
(3) To a person having custoay cf such beneficiary for
the benefit of such beneficiary;
(4) By the f iduciary(ies) hereunder using such amoL.nts
directly to the benefit of such beneficiary.
Evidence of the application or payment of a~i amount in suer. a
manner shall be a f ul l and complete discharge of the fiduciary (ies )
hereunder to the extent of such payment er application. This
paragraph shall be applicable to payments of income as well as
principal.
(p) To do all other acts in thEir judgment necessary or
desirable for the proper management, investn~eYit. and distribution of
my Estate.
_~.~,~.
E.T.T.
Page 5 of 7 Pages
4.
I nominate, constitute and appoint WILLIAM F. MARTSON,
Carlisle, Pennsylvania, as Executor of my estate. In the event he
shall be unable or unwilling to serve in such capacity, then I
appoint MELLON BANK, N.A., Carlisle, Pennsylvania, as successor
Executor.
S.
I direct that neither my Executor nor my Trustee shall be
required to file a bond to secure the faithful performance of their
duties in any jurisdiction.
IN WITNESS WHEREOF I have hereunto set my hand and seal this
~jt.,tt, day of C3c~ob ~~ 1991 .
~"" ( SEAL )
Elizab h T. Trego
SIGNED, SEALED, PUBLISHED AND DECLARED by the above-named
Testatrix, as and for her Last Will and Testament, in the presence
of us, who at her request, have hereunto subscribed our names as
witnesses thereto, in the presence of the said Z'es%atrix and of
each other.
Page 6 of 7 Pages
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
SS.
I, Elizabeth T. Trego, Testatrix, whose
attached or foregoing instrument, having
according to law, do hereby acknowledge that
the instrument as my Last Will; that 7 sign
that I signed it as my free and voluntary
therein expressed.
name is signed to the
been duly qualified
I signed and executed
ned it willingly; and
act for the purposes
Eliza h T . Trego __~
Sworn or affirmed to and acknowledged before me by Elizabeth
T. Trego, the Testatrix, this ~'~~h day of ~~L..~.~a-~~..~~v , 1991 .
Notary Public
COMMONWEALTH OF PENNSYLVANIA ) r rd:;.:S,;t:? _'_~~
• S S . ~ ~a.•.~f C ~ f:... 1 e ~•
• .ir, ". c.. t ~ L,., ~: a f.~+j l; i4Q4:a.~Y ~.~;i4!r,
BERLAND L:=n+~~: sF; 1'i(•.K':i.i~~~ii ~6:/?~U~~~'. , ~.'.:ti!~~1/
COUNTY OF CUM ) br:r ;' •~r,~;:~s~::;n •f-... ';'. ,,-~~t
the witnesses whose names are signed to the attached or foregoing
instrument, being duly qualified according to law, do depose and
say that we were present and saw Elizabeth T. Trego, the Testatrix,
sign and execute the instrument as her Last Will; that the
Testatrix signed willingly and that the Testatrix executed it as
her free and voluntary act for the purposes therein expressed; that
each of us, in the hearing and sight of the Testatrix, signed the
Will as witnesses; and that to the best of our knowledge the
Testatrix was at that time 18 or more years of age, f sound mind
and under no constraint or undue i f u nce.
Addr /'D ~ ,~
~..~ t..~..e_c.~.-~.t.~ ,c7,q i , _ Q 1 _
A res s ~~/~/~~` fr.'~ ~ ~
Sworn or affirmed to and subscribed before me this ~j'~'~j day of
~~.~~~~~ , 19 91 .
Notary Publi~
Page 7 of 7 Pages j ,