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HomeMy WebLinkAbout03-0163Register of Wills of Cumberland County, Pennsylvania PETITION FOR GRANT OF LETTERS Estate of SEIBERT D. EBERLY, JR. Deceased Social Security No. 162-22-1495 WILLIAM FISHER (COMPLETE "A" OR "B" BELOW:) I'~ A. Probate and Grant of Letters and aver that Petitioner is the Executrix named in the Last Will of the Decedent, dated September 10, 1999. Stale relevam circmnstances, 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; durallte 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 116 Old Mill Drive, Camp Hill, Cumberland County, Pennsylvania. (list street, number and municipality) Decedent, then 75 years of age, died February 13, 2003, in Camp Hill, Cumberland County, Pennsylvania. (Location) Decedent at death owned property with estimated values as follows: (If domiciled in PA) All personal properly ........................................................................................................................ $ 500,000.00 (If not domiciled in PA) Personal property in Pennsylvania ................................................................................................... $ (If not domiciled in PA) Personal property in County ............................................................................................................. $ Value of real estate in Pennsylvania ............................................................................................................................................................................ $ Total ........................................................................................................................................................................................................... $ 500,000.00 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 9406 Tranquil Park Drive San Antonio, Texas 78254 Foml RW-I Page I of 2 (Dauphin County)- Rev 9/92 53864.1 2/19/03 Commonwealth of Pennsylvania County of Cumberland The Petitioner above-named swears and affn'ms 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. Sworn to and affirmed and subscribed before me this,~] day of February, 2003. No. Estate of Seibert D. Eberly, Jr., deceased Social Security No: 162-22-1495 Date of Death: February 13, 2003 AND NOW, Febru~ 2003, 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 Betsy Eberly Dunn in the above estate and that the instrument dated September 10, 1999 described in the Petition be admitted to probate and filed of record as the last Will of Decedent. FEES Letters ........................... ~l_~.~"t9. ~ Short Certificates..(6)... $ Renunciation ................ $ Affidavit ( ) .................$ Extra Pages ( ) ............ $ ~'. Codicil .......................... $ JCP Fee ........................ $ Inventory ....................... $ Other ............................ $ TOTAL ................ $~ ,~./~~ Register of Wills Attomey: I.D. No: Address: Telephone: Donn L. Snyder O6858 Penn National Insurance Tower Two North Second Street, Seventh Floor Harrisburg, PA 17101 (717) 257-7552 53864.1 2/19/03 Register of Wills of Cumberland County, Pennsylvania RENUNCIATION Estate of Seibert D. Eberly, Jr., Deceased The undersigned, Ann M. Eberly, hereby renounces her right to administer the estate and respectfully request that Letters Testamentary be issued to Betsy Eberly Dunn. Witness our hand and seal this O~ J day of February, 2003. / A~nn M. Eberl~, Sworn to or affirmed and subscribed efore me this c~ / d~.~ of February 003. -~- ~ NOTARIAL SEAt_ Maronetta F. Miller, Notary Public Harrisburg, PA Dauphin County My Commission ~,,,pi?,~ JaM 9, 2004 57379 I 2/19/03 LAST WILL AND TESTAMENT OF SEIBERT D. EBERLY, JR. I, SEIBERT D. EBERLY, JR., of Cumberland County, Pennsylvania, declare this to be my Will and revoke all prior Wills. First: Tangible Personal Property: I give all of my tangible personal property, including any automobiles, together with all insurance on such property, to my wife, ANN M. EBERLY, if my wife survives me by thirty days; otherwise I give such property to my daughter, BETSY EBERLY DUNN, if she survives both my wife and me, or if she does not survive my wife and me, to my daughter's children as survive both my wife and me, to be divided as they shall agree. If there be no agreement, or if any child is a minor, such property shall be divided as my Executor, in my Executor's sole discretion, deems appropriate. Any of such property to which a minor would thus become entitled which my Executor thinks unsuitable for such minor's use shall be sold and the proceeds thereof added to the share of my residuary estate held for the benefit of such minor. Any of such property to which a minor thus becomes entitled and which is not sold may be retained by the Trustee, without bond, during the minority of such child or may be delivered to the person having custody of such child. The receipt of the person having custody shall be a complete release of my Executor and Trustee. My Executor shall pay, as an expense of settling my estate, the costs of packing, storage, shipping and insurance incurred in connection with the distribution of the gifts of tangible personal property made above. Second: Trust for My Grandchildren: If my wife, ANN M. EBERLY, predeceases me, I give my Trustee the sum of One Hundred and Fifty Thousand Dollars ($150,000) to hold in trust for the benefit of a class composed of the children of my daughter, BETSY EBERLY DUNN, (the children of my daughter shall be hereinafter referred to individually as "grandchild" and collectively as "grandchildren" for purposes of this Will and shall only mean the natural or adopted children of my daughter) living at my death or born thereafter but before the time the division of this trust into equal shares is directed as follows: Until my youngest living grandchild who lives to attain age twenty-two attains that age, the Trustee shall pay or apply so much of the net income and principal for the support, health and education of my grandchildren, in such manner and in such amounts, which need not be equal, as in the sole discretion of the Trustee, is proper. As soon as there is no living grandchild of mine under age twenty-two, the Trustee shall divide the balance of principal into as many equal shares as there shall be grandchildren of mine then living and shall: a. Hold one such share in trust for the benefit of each living grandchild and pay to, or apply for the benefit of, such grandchild the entire net income from such share or the balance thereof and also so much of the principal as, in the sole discretion of the Trustee, is necessary for the support, health and education of such grandchild. In the exercise of these powers, the Trustee may, but shall not be required to, consider the other resources of such grandchild. There shall be paid to such grandchild from the principal of such share or the balance thereof: (i) one-third thereof upon attaining age twenty-two; (ii) one-half of the balance thereof upon attaining age twenty-six; and (iii) the entire undistributed balance thereof upon attaining age thirty. b. If any grandchild shall have attained any of such respective ages at the time when such share is directed to be established for such grandchild, or at the time when any share is added thereto, the Trustee shall then distribute to such grandchild such part or parts or all, as the case may be, of such share or of such added share as is directed to be paid to such grandchild upon attaining such respective ages. c. If any grandchild for whose benefit the Trustee holds a share in trust under subparagraph b. hereof dies before attaining age thirty, the Trustee shall distribute the principal to such grandchild's issue living at the time of such grandchild's 463576.1 8/18/99 -2- death, per stirpes; or if none, to my issue then living, per stirpes; provided, however, that any amount payable under this subparagraph c. to a grandchild of mine for whom at that time the Trustee holds a separate share hereunder shall be added to the share for such grandchild for administration and distribution as part thereof. Third: Residue: I give, devise and bequeath all the residue of my estate, of whatever nature and wherever situated, to the Trustee hereinafter named. If my wife, ANN M. EBERLY, survives me (and for purposes of this Article my wife shall be deemed to have survived me if the order of our deaths cannot be established by proof), my residuary estate, together with any other property which may be added hereto, shall be divided into two separate shares, Share A and Share B. Share A shall consist of the smallest fractional share of this trust estate which, when added to the value of all other items in my gross estate which are eligible for the marital deduction and which pass or have passed to my wife under other provisions of this Will except Share B or otherwise, shall reduce the federal estate tax payable, after application of all available credits (to the extent that their use will not increase death taxes on my estate), to the lowest possible figure. In establishing such fractional share: (1) the computation shall be based on final federal estate tax values and funding shall be determined on the date or dates of distribution; (2) only assets that are eligible for the marital deduction shall pass to Share A; and (3) any property which may at any time form part of this trust estate and which is not subject to federal estate tax in my estate shall be disregarded in calculating the fractional shares hereunder and shall be allocated to Share B, unless some other allocation is directed. Share B shall consist of the balance of this trust estate after setting apart Share A and after payment from this balance of death taxes as hereinafter provided. If my wife fails to survive me, Share B shall consist of the entire trust estate. If my wife (or my wife's executor, 463576.1 8/18/99 -3- administrator, guardian or agent acting under a power of attorney) disclaims part or all of my wife's interest in Share A, such disclaimed portion shall pass to Share B and my wife shall retain my wife's interest in Share B as augmented by the disclaimed property. A. MARITAL DEDUCTION SHARE A. The Trustee shall distribute Share A to my wife, ANN M. EBERLY, absolutely. B. NON-MARITAL DEDUCTION SHARE B. The Trustee shall pay to my wife, ANN M. EBERLY, for life, the following from Share B: a. The net income, quarterly or more frequently. b. In addition, so much of the principal as the Trustee other than my wife, in the Trustee's sole discretion, deems proper for the support, health and education of my wife. In the exercise of this power, the Trustee may, but shall not be required to, consider the other resources of my wife. c. In addition, so much of the principal as my wife, from time to time during my wife's lifetime, requests in writing delivered to the Trustee, not to exceed in any calendar year the greater of Five Thousand Dollars ($5,000) or five percent (5 %) of the value of the principal at the end of such year. Such right shall be non-cumulative. Upon the death of my wife, or upon my death if my wife fails to survive me, the Trustee shall distribute the balance of Share B to my daughter, BETSY EBERLY DUNN, if she is then living. If my daughter, BETSY EBERLY DUNN, is not then living, the Trustee shall divide the same into as many equal shares as there are grandchildren of mine then living and grandchildren of mine then deceased represented by issue then living and shall distribute one such share to each grandchild of mine then living and one such share, per stirpes, to the issue then living of each such grandchild then deceased. If I have no issue living at the time of my wife's death, or upon my death if my wife does not survive me, the Trustee shall divide the then remaining balance into as many equal shares for each of my daughter's husband, WILLIAM JACKSON DUNN, my nephew JOHN C. MUTH, my nephew RICHARD MUTH, and my niece MARILYN MARTIN as are then living and shall distribute one such equal share to each of them then living. Fourth: Minority Provision: Any income or principal (other than tangible personal property) which becomes distributable to a minor (and for purposes of this Will, the term "minor" shall refer to a person under age twenty-one) shall be held in a trust fund by the 463576.1 8/18/99 -4- Trustee during minority. The Trustee shall apply such amounts of income and principal as the Trustee, in the Trustee's sole discretion, deems proper for the support, health, education and welfare of such minor and shall accumulate any unexpended balance of income. Such amounts may be applied directly or may be paid to the person with whom such minor resides or who has the care or control of such minor, without the intervention of a guardian. The Trustee shall not be obliged to supervise or inquire into the application of such amounts by such person, and the receipt of such person shall be a complete release of the Trustee. Should any such fund, in the sole opinion of my Executor or Trustee, be or become too small to warrant continuing such fund in trust, or should its administration be or become impractical for any other reason, my Executor or Trustee, in the Executor or Trustee's sole discretion, may pay such fund, absolutely, to the parent or other person maintaining said minor or may deposit such fund in the minor's name in an interest-bearing account in a financial institution of the Executor or Trustee's choosing, payable to the minor at majority. If such minor dies before attaining age twenty-one, such fund shall be distributed to such minor's estate. Fifth: Disability Provision: If any beneficiary shall, in the sole opinion of the Trustee other than such beneficiary, become mentally or physically incapacitated, the Trustee may apply the share to which such beneficiary is otherwise entitled hereunder for such beneficiary's support, health and welfare, directly, without the intervention of a guardian. Sixth: Protective Provision: All principal and income shall, until actual distribution to the beneficiary, be free of the debts, contracts, alienations and anticipations of any beneficiary, and shall not be liable to any levy, attachment, execution or sequestration while in the hands of my Executor or Trustee. 463576.1 8/18/99 -5- Seventh: Perpetuities Saving Clause: I direct that, in any event, if any trust created under this Will has not already terminated by its terms, it shall terminate at the expiration of twenty-one years after the death of the survivor of my wife and the last surviving issue of mine who was living at the time of my death. The principal shall then be distributed to my then living issue, per stirpes. Eighth: Tax Clause: All estate, inheritance, succession and other taxes, imposed or payable by reason of my death, and any penalties thereon, with respect to all property comprising my gross estate for death tax purposes, whether or not such property passes under this Will, (except any such tax on any qualified retirement plan benefits or Individual Retirement Account benefits included in my estate, all of which taxes shall be apportioned pro rata against and paid by the person, persons or trust in possession thereof or benefited thereby) shall be paid out of and charged generally against the principal of Share B, after setting apart Share A, without apportionment or right of reimbursement; provided, however, that no asset which is exempt from any state death tax shall be used for the payment of such tax and no asset which is exempt from federal estate tax shall be used for the payment of such tax or to satisfy any obligations of my estate. Such taxes shall be paid at such time or times as may be deemed advisable. Ninth: Powers of Fiduciaries: In addition to the powers given by law, my Executor and Trustee, and any successors, without any order of court and in the sole discretion of the Executor and Trustee, may: advisable. investments. a. Retain any real or personal property, as long as deemed b. Invest in any real or personal property without restriction to legal 463576.1 8/18/99 -6- c. Subscribe for stocks, bonds or other investments; join in any plan of lease, mortgage, merger, consolidation, exchange, reorganization, foreclosure or voting trust and deposit securities thereunder; and generally exercise all the rights of security holders or employees of any corporation. d. Register securities in the name of a nominee or in such manner that title will pass by delivery. e. Vote securities in person or by proxy, and in such connection delegate discretionary powers. f. Repair, alter, improve or lease, for any period of time, any real or personal property, and give options for leases. security, exchange or or exchanges. Sell at public or private sale, for cash or credit, with or without partition any real or personal property, and give options for sales h. Borrow money from any person, including any fiduciary, and mortgage or pledge any real or personal property. i. Disclaim any interest or power granted to me under any instrument or by operation of law. j. Employ custodians, accountants, investment advisors and other agents and pay their proper charges in addition to fiduciary commissions. k. Pay administration expenses, including, without limitation, interest on death taxes ("administration expenses") from principal or income, including income otherwise payable to charity; provided, however, that no allocation of administration expenses to income shall be made that would prevent any assets from otherwise qualifying for the federal estate tax charitable deduction. 1. Use administration expenses as deductions for federal estate tax purposes or fiduciary income tax purposes or partly for each, without making adjustments between principal and income in consequence of the exercise of such discretionary power. m. File joint income tax returns with my wife and pay a portion of such tax, and consent to gifts made by my wife and pay a portion of any gift tax thereon. n. Compromise claims. o. Divide any trust hereunder, which division may be made on a non-pro rata basis, into two or more separate and independent trusts and make any 463576.1 8/18/99 -7- principal distributions otherwise authorized hereunder from the trusts on a non-pro rata basis. p. To the extent that any asset which is exempt from Pennsylvania inheritance tax would otherwise be allocated to any trust hereunder containing property not exempt from such tax, divide any trust hereunder into two trusts, in all respects identical, except that one trust shall contain only property exempt from the Pennsylvania inheritance tax and the other trust shall contain only property not exempt from said tax; and my Executor and Trustee may make any principal distributions otherwise authorized hereunder from the two trusts on a non-pro rata basis. q. Add to the principal of any trust created hereby any property received from any person by Deed, Will or in any other manner. r. At any time merge any trust hereunder with any other trust held by my Executor, whether created by me or by any other person by Will or Deed, if the terms of the trust are then substantially similar and held for the primary benefit of the same person or persons. s. Make distributions without the consent of any beneficiary, in cash or in specific property, real or personal, or an undivided interest therein, or partly in cash and partly in such property and do so, except as otherwise specifically provided elsewhere herein, without regard to the income tax basis of specific property allocated to any beneficiary (including any trust) and without making pro rata distribution of specific assets. t. Exercise all power, authority and discretion given hereby, after the termination of any trust created herein until the same is fully distributed. u. Fund or divide any trust or trust share hereunder at any time into two separate trusts or shares in order that the federal generation-skipping transfer tax ("GST") inclusion ratio for each trust or share shall be either 0 or 1, and exercise any discretionary powers over principal or income against either one or the other or both of the two trusts or shares in such manner as, in the opinion of the Trustee, will lessen federal transfer taxes. v. Give any beneficiary (other than my wife) of any trust or trust share hereunder, at any time prior to the death of such beneficiary, a testamentary general power of appointment, as defined in Section 2041(b) of the Internal Revenue Code of 1986, as amended, or successor provisions (the "Code"), over all or any portion of any trust or share established hereunder for benefit of such beneficiary if the possession of such power by said beneficiary, in the opinion of the Trustee other than such beneficiary, would lessen federal transfer taxes and be in the best interests of the beneficiary. The Trustee may give a beneficiary such general power by a written notification to such beneficiary of such award, which shall contain such information as to the scope of the general power and the method of its exercise as the Trustee other 463576.1 8/18/99 -8- than such beneficiary shall deem appropriate. The effective exercise of such power, to the extent of such exercise, shall be deemed to control the disposition of the appointed property. w. To the extent possible, satisfy any distribution hereunder which qualifies for the special generation assignment rule of Section 2651(e) of the Code from GST non-exempt assets and divide any trust hereunder for multiple beneficiaries into separate trusts for one or more of said beneficiaries in such a manner that certain distributions from one or more of such trusts will thereby be protected from GST by the special generation assignment rule and make such equitable adjustments in the continuing interests of the other beneficiaries in the remaining trust share or shares as the Trustee shall deem appropriate. x. Make distributions for the benefit of skip persons (as defined in Section 2613(a) of the Code) to which they are otherwise entitled hereunder for medical and tuition expenses directly to the provider of the services and from assets which are not GST exempt, if any. y. Satisfy any transfer which would otherwise be deemed a taxable termination, a taxable distribution or a direct skip, for generation-skipping transfer tax purposes, out of the principal of such trust share or shares created hereunder which are GST exempt, and satisfy any distributions which would not be deemed a taxable termination, a taxable distribution or a direct skip, for generation-skipping transfer tax purposes, out of the principal of such trust share or shares created hereunder which are not GST exempt. In addition, the Trustee, in the Trustee's sole discretion, may fund one or more of such trust shares created hereunder for one or more beneficiaries with disproportionate amounts of GST exempt or GST non-exempt property. Such equitable adjustments in the continuing interests of the other beneficiaries in the remaining trust share or shares shall be made under such circumstances as the Trustee shall deem appropriate. z. Allocate any of my federal exemption from GST, as provided in Section 263 ! of the Code, available at the time of my death to any property as to which I am the transferor under the provisions of Section 2652(a) of the Code, including any property transferred by me during my life, and to elect out of any deemed allocation or revoke any prior election out. My Executor and Trustee may make, but shall not be required to make, any adjustment of the amount distributed to any beneficiary who would have received a greater or lesser amount if my Executor or Trustee had made a different or contrary decision in reference to any of the above matters. I exonerate my Executor and Trustee from any liability arising 463576.1 8/18/99 -9- from any exercise or failure to exercise these powers, provided their actions (or inactions) are taken in good faith. For purposes of interpretation of this document, with respect to a gift to any descendant of mine, any condition of survivorship shall be construed to mean survival by 90 days, and if any such descendant of mine shall fail to survive me by 90 days, such descendant of mine shall be deemed to have predeceased me. Tenth: Appointment of Fiduciaries: I appoint my wife, ANN M. EBERLY, Executor of this Will. Should my wife, for any reason, fail to qualify or cease to act as such during the administration of my estate, I appoint my daughter, BETSY EBERLY DUNN, Executor of this Will to serve with the same duties, powers and discretion as if originally appointed. I appoint ALLFIRST (formerly known as DAUPHIN DEPOSIT BANK AND TRUST) Trustee of any trusts established under Article SECOND of this Will for the benefit of my grandchildren. I appoint my wife, ANN M. EBERLY, Trustee of all other trusts established hereunder. Should my wife, for any reason, fail to qualify or cease to act as such during the administration of any such trust, I appoint my daughter, BETSY EBERLY DUNN, Trustee of all trusts established hereunder, except any trust established under Article SECOND, to serve with the same duties, powers and discretion as if originally appointed. ALLFIRST shall be entitled to compensation for its services as Trustee in accordance with its Standard Schedule of Charges in effect from time to time during the period over which its services are rendered. The majority of all beneficiaries to whom current trust payments may or must be distributed, or the natural or legal guardians of such beneficiaries, as the case may be, shall 463576.1 8/18/99 have the power to request in writing the removal of the Corporate Trustee then in office and the appointment of another Corporate Trustee. Then, and as often as it shall occur, the Corporate Trustee so designated hereunder to be appointed in the writing shall, upon filing written acceptance of the trust, become Corporate Trustee hereunder and the Corporate Trustee then in office shall thereupon be removed. If at any time there is a change in the Federal estate tax laws such that any trust created hereunder will be includable in my wife's estate solely by reason of my wife's position as sole Trustee with respect to such trust, then, and in that event, the successor Trustee named herein shall become a Co-Trustee with my wife. In that event, no Trustee shall participate in any discretionary decision relating to the right of such Trustee, as beneficiary, or in any determination of such beneficiary's incapacity. In such cases the decision of the other Trustee shall control. No Executor or Trustee named herein or appointed as provided below shall be required to give bond or furnish sureties in any jurisdiction. Whenever the word "Executor" or the word "Trustee" is used in this Will, the word shall include both the singular and the plural, unless the context indicates otherwise. IN WITNESS WHEREOF I have hereunto set my hand and seal this [ (~ day of 1999. SEIBERT D. EBERLY, JR. X.~ '~ SIGNED, SEALED, PUBLISHED and DECLARED by the above named SEIBERT D. EBERLY, JR. as and for his last Will and Testament, in the presence of us, who, at his request, in his presence and in the presence of each other, have hereunto subscribed our names as witnesses. 463576.1 8/18/99 - 11- ADDRESS 463576.1 8/18/99 -12- COMMONWEALTH OF PENNSYLVANIA : i SS COUNTY OF : We, SEIBERT D. EBERLY, JR., the testator, and and bo,,,., L. gn~jd~' , the witnesses, whose names are signed to the foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the testator signed and executed the instrument as his last Will and that be 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 presence and hearing of the testator, signed the Will as a witness and that to the best of the witnesses' knowledge the testator was at that time over eighteen years of age, of sound mind and under no constraint or undue influence. SEIBERT D. EBERLY, JR. Wit~e-sslr' ]- [ _' [/]' witness ' ' ,..1/5-- Subscribed, sworn to and acknowledged before me by SEIBERT D. EBERLY, JR., the testator, and subscribed and sworn to before me by and --,. the witnesses, this /(~ay~ /I  . ~./~, 1999.. ~qo~ar~bli~ 463576.1 8/18/99 -13- IN RE: ESTATE OF SEIBERT D. EBERLY IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION No. 21-2003-00163 CERTIFICATION OF NOTICE UNDER RULE 5.6(a) Name of Decedent: Date of Death: 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 sole beneficiary of the above-captioned estate on April 2, 2003: Name Ann M. Eberly Address 116 Old Mill Road, Camp Hill, PA 17011 SEIBERT D. EBERLY FEBRUARY 13, 2003 Notice has been given to all persons known to the undersigned to be entitled thereto under Rule 5.6(a) April2,2003 ' DONN L. S~ER Saul Ewing LLP Two North Second Street, 7th Floor Harrisburg, PA 17101 (717) 257-7552 Attorney for Estate 62176.1 4/4/03 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-O601 RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO. REV-1162 EX(11-96) CD 002794 SNYDER DONN L ESQUIRE SAUL EWING LLP 2 NORTH SECOND ST 7TH FLOOR HARRISBURG, PA 17101 ........ fold ESTATE INFORMATION: SSN: 162-22-1495 FILE NUMBER: 2103-01 63 DECEDENT NAME: EBERLY JR. SEIBERT D DATE OF PAYMENT: 07/11/2003 POSTMARK DATE: 00/00/0000 COUNTY: CUMBERLAND DATE OF DEATH: 02/13/2003 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 $4,574.70 TOTAL AMOUNT PAID: $4,574.70 REMARKS: DONN LSNYDERESQUIRE C/O SAUL EWING LLP (FIRM NAME) SEAL CHECK# 12267 INITIALS: JA RECEIVED BY: DONNA M. OTTO DEPUTY REGISTER OF WILLS REGISTER OF WILLS EV-1500 EX (6-00) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 REV-1500 v INHERITANCE TAX RETURN RESIDENT DECEDENT OFFICIAL USE ONLY FILE NUMBER 21 03 016 COUNTY CODE YEAR ~MBER 3 LU X DECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL) Eberl¥, Seibert D., Jr. DATE OF DEATH (MM-DD-YEAR) 02-13-2003 DATE OF BIRTH (MM-DD-YEAR) 03-30-1927 SOCIAL SECURITY NUMBER 162-22-1495 THIS RETURN MUST BE FILED IN DUPUCATE WITH THE REGISTER OF WILLS (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER Esther Ann Eberly [] 1. Original Ratum [] 4. Limited Estate [] 6. Decedent Died Testate (Attach copy of Will) [] 9. Litigation Proceeds Received [] 2. Supplemental Ratum [] 4a. Future Interest Compromise (date or death after 12-12-82) [] 7. Decedent Maintained a Living Trust (~achcopy of Trust) [] 10. Spousal Poverty Credit (date ot death between 12-31-91 and 1-1-95) ] 3. Remainder Return (date of death prior to 12-13-82) [] 5. Federal Estate Tax Return Required 0 8. Total Number of Safe Deposit Boxes [] 11. Election to tax under Sec. 9113(A) (Attach Sch O) THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE ~REC~DTO: NAME Dorm L. Snyder, Esquire FIRM NAME (If Applicable) Saul Ewing LLP TELEPHONE NUMBER (717) 257-7524 COMPLETE ~ILING ADDRESS 2 North Second Street, 7th Floor Harrisburg, PA 17101 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Corporation, Partnership or Sole-Proprietorship 4. Mortgages & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) [] Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Properly (Schedule G or L) 8. Total Gross Assets (total Lines 1 - 7) 9. Funeral Expenses &Administrative Costs (Schedule H) 10. Debts of Decedent, Modgage Liabilities, & Liens (Schedule I) 11. Total Deductions (total Lines 9 & 10) t2. Net Value of Estate (Line 8 minus Line 11) 13. 14. (1) (2) (3) (4) (5) (6) (7) (9) (10) Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been mede (Schedule J) Net Value Subject to Tax (Line 12 minus Line 13) 500,873 2,479.69 171,410.55 (8) 71,178.82 345.00 (11) (12) (13) (14) OFFICIAL [:~E ONLY ?. r-" 674,764.17 71,523.82 603,240.35 603,240.35 SEE INSTRUCTIONS FOR APPUCABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) 16. Amount of Line 14 taxable at lineal rate 501,580.37 x.o 0 (15) 101,659.98 x .o 45 (16) 0.00 4,574.70 17. Amount of Line 14 taxable at sibling rate X .12 (17) 18. Amount of Line 14 taxable at collateral rate x .15 (18) 19. Tax Due [] [CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYME~] 20. (19) 4,574.70 > > BE SURE TO ANSVVER ALL QUESTIONS ON:R~ERSE SIDE ~DRECHECK MATH < < STF PA42021F. 1 Decedent's Complete Address: rSTREE-I'ADDRES'6 116 Old Mill Drive CITY Camp Hill ISTATE PA I ziP Tax Payments and Credits: 1, Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1) 17011 4,574.70 Total Credits (A + B + C) (2) Interest/Penalty if applicable D. Interest E. Penalty Total Interest/Penalty (D + E) (3) 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) If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE, (5) A. Enter the interest on the tax due. (5A) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (SB) Make Check Payable to: REGISTER OF IMLLS, 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 dght to designate who shall use the property transferred or its income; ................... [] [] c. retain a reversionary interest; or ....................................................... [] [] d. receive the promise for life of either payments, benefits or care? ............................... [] [] 2. If death occurred alter December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? .................................................. [] [] 3. Did decedent own an "in trust for" or payable upon death bank account or secudty at his or her death? ..... [] [] 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ....................................................... [] [] IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. 0.00 4,574.70 0.00 4,574.70 Under penalties of perjury, I declare that I have examined this retum, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of prepare' other than the personal representative is based on all information of which preparer has any knowledge. FF:~ RESPONSIBLE FOR FILING RETURN SIGNATy~E ADDRE"~'~'~ t/''A - - /~ ' 9406 Ti~uil P~rk Ddi/ve, .San Antonio, TX 78254 2 North Second Street, 7th Floor, Harrisburg, PA 17101 D~E July ~ , 2003 2003 For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate im posed on the net value of transfers to or for the use of the surviving spouse is 3% [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate im posed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax retum 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 0% [72 P.S. §9116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. §9116(1.2) [72 P.S. {}9116(a)(1)]. The tax rate im posed on the net value of transfers to or for the use of the decedent's siblings is 12% [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. STF PA42021F.2 REV-1503 EX + (1-97) (I) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE 0 F Eberl¥, Seibert D., Jr. SCHEDULE B STOCKS & BONDS I FILE NUMBER 21-030163 All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 2. 3. 4. 5. Dreyfus Strategic Municipal Bonds Eaton Vance National Fund B Seligman Pennsylvania Municipal Bond Fund A Smith Barney Municipal Fund Pennsylvania Smith Barney Municipal H:Inc. 110,899.74 48,850.00 12,350.14 121,735.63 207,038.42 TOTAL (Also enter on line 2, Recapitulation) $ 5 0 0, 8 7 3. 9 3 (If more space is needed, insert additional sho~ts of the same size) STF PA42021F.4 REV-1508 EX + (1-97) (I) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Eberly, Seibert D.r Jr. SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY I FILE NUMBER 21-030163 Include the proceeds of litigation and the date the proceeds were received by the estate. All prope~'y jointly-owned with the right of survivomhip must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Smith Barney 2,479.69 TOTAL (Also enter on line 5, Recapitulation) $ 2,4 7 9.6 9 (If more space is needed, insed additional sh~ts of the same size) STF PA42021F 9 .~7) SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERiTANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Eberly, Seibert D., Jr. 21-030163 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. DESCRIPTION OF PROPERTY % OF rTEM INCLUOE TFE NNvlE OF TI-E TRANSFEREE, TI-EIR RELATIONSFI P TO DECEDENq' AND ~HE DATE DATE OF DEATH DECD'S EXCLUSION TAXABLE VALUE NUMBER OF TRANSFER. AT]ACH A COPY OF 'RE DEED FOR RE.N. ESTATE. VALUE OF ASSET INTEREST (IF APPLICABLE) 1. Travelers Life Annuity 101,659.98 100% L01,659.9~ 2. Allfirst - IRA 69,750.57 100% 69,750.5~ TOTAL (Also enter on line 7, Recapitulation)$ 1 7 1, 4 1 0.5 .~ (If more space is needed, insert additional sheets of the same size) STF PA42021F 11 EV-1511 EX + (1-97) (I) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Eberly, Seibert D., Jr. 21-030163 Debts of decedent must be reported on Schedule I. iTEM NUMBER DESCRIPTION AMOUNT A. 5. 6. 7. 8. 9. FUNERAL EXPENSES: Parthemore ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Betsy E. Dunn Social Security Number(s) / EIN Number of Personal Representative(s) Street Address 9406 Tranquil Park Drive City San Antonio State TX Year(s) Commission Paid: ? ? AttomeyFees Saul Ewing LLP Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Esther Ann Eberly Zip78254 Street Address 116 Old Mill Drive CityCamp Hill Relationship of Claimant to Decedent S u r v i v i n g Probate Fees Accountant's Fees Tax Return Preparer's Fees Sentinel - Advertise Grant of Cumberland Law Journal Saul Ewing LLP - Costs State PA Spouse Letters - Advertise Grant Advanced zipl7011 of Letters TOTAL (Also enter on line 9, Recapitulation) 8,152.90 33,740.00 25,168.00 3,500.00 409.00 98.69 75.00 35.23 71,178.82 (If more space is needed, insert additional sheets of the same size) STF PA42021F. 12 REV-1512 EX + (1-97)(I) SCHEDULEI DEBTS OF DECEDENT, MORTGAGE LIABILITIES,&LIENS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Ebert¥, Seibert D., Jr. 21-030163 Include unreimbursed medical expense~ ITEM NUMBER DESCRIPTION AMOUNT 1. Colonial Tax Service - Prepare 2002 Tax Returns 345.00 TOTAL (Also enter on line 10, Recapitulation) $ 3 4 5.0 0 (If more space is needed, insert additional sheets of the same size) STF PA42021F. 13 REV-1513 EX + (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Eberl~ , Seibert D., NUMBER [. 1. 11. 1. 1. Jr. SCHEDULE J BENEFICIARIES I FILE NUMBER 21-030163 NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [include outdght spousal distributions, and transfers under Sec. 9116 (a)(1.2)] Esther Ann Eberly RELATIONSHIP TO DECEDENT Do Not List Trustee{s) Surviving Spouse AMOUNT OR SHARE OF ESTATE 100% 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 TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ STF PA42021F. 14 (If more space is needed, insert additional sheets of the same size) LAST WILL AND TESTAMENT OF SEIBERT D. EBERLY, JR. I, SEIBERT D. EBERLY, JR., of Cumberland County, Pennsylvania, declare this to be my Will and revoke all prior Wills. First: Tangible Personal Property: I give all of my tangible personal property, including any automobiles, together with all insurance on such property, to my wife, ANN M. EBERLY, if my wife survives me by thirty days; otherwise I give such property to my daughter, BETSY EBERLY DUNN, if she survives both my wife and me, or if she does not survive my wife and me, to my daughter's children as survive both my wife and me, to be divided as they shall agree. If there be no agreement, or if any child is a minor, such property shall be divided as my Executor, in my Executor's sole discretion, deems appropriate. Any of such property to which a minor would thus become entitled which my Executor thinks unsuitable for such minor's use shall be sold and the proceeds thereof added to the share of my residuary estate held for the benefit of such minor. Any of such property to which a minor thus becomes entitled and which is not sold may be retained by the Trustee, without bond, during the minority of such child or may be delivered to the person having custody of such child. The receipt of the person having custody shall be a complete release of my Executor and Trustee. My Executor shall pay, as an expense of settling my estate, the costs of packing, storage, shipping and insurance incurred in connection with the distribution of the gifts of tangible personal property made above. Second: Trust for My Grandchildren: If my wife, ANN M. EBERLY, predeceases me, I give my Trustee the sum of One Hundred and Fifty Thousand Dollars ($150,000) to hold in trust for the benefit of a class composed of the children of my daughter, BETSY EBERLY DUNN, (the children of my daughter shall be hereinafter referred to individually as "grandchild" and collectively as "grandchildren" for purposes of this Will and shall only mean the natural or adopted children of my daughter) living at my death or born thereafter but before the time the division of this trust into equal shares is directed as follows: Until my youngest living grandchild who lives to attain age twenty-two attains that age, the Trustee shall pay or apply so much of the net income and principal for the support, health and education of my grandchildren, in such manner and in such amounts, which need not be equal, as in the sole discretion of the Trustee, is proper. As soon as there is no living grandchild of mine under age twenty-two, the Trustee shall divide the balance of principal into as many equal shares as there shall be grandchildren of mine then living and shall: a. Hold one such share in trust for the benefit of each living grandchild and pay to, or apply for the benefit of, such grandchild the entire net income from such share or the balance thereof and also so much of the principal as, in the sole discretion of the Trustee, is necessary for the support, health and education of such grandchild. In the exercise of these powers, the Trustee may, but shall not be required to, consider the other resources of such grandchild. There shall be paid to such grandchild from the principal of such share or the balance thereof: (i) one-third thereof upon attaining age twenty-two; (ii) one-half of the balance thereof upon attaining age twenty-six; and (iii) the entire undistributed balance thereof upon attaining age thirty. b. If any grandchild shall have attained any of such respective ages at the time when such share is directed to be established for such grandchild, or at the time when any share is added thereto, the Trustee shall then distribute to such grandchild such part or parts or all, as the case may be, of such share or of such added share as is directed to be paid to such grandchild upon attaining such respective ages. c. If any grandchild for whose benefit the Trustee holds a share in trust under subparagraph b. hereof dies before attaining age thirty, the Trustee shall distribute the principal to such grandchild's issue living at the time of such grandchild's 463576.1 8118199 -2- death, per stirpes; or if none, to my issue then living, per stirpes; provided, however, that any amount payable under this subparagraph c. to a grandchild of mine for whom at that time the Trustee holds a separate share hereunder shall be added to the share for such grandchild for administration and distribution as part thereof. Third: Residue: I give, devise and bequeath all the residue of my estate, of whatever nature and wherever situated, to the Trustee hereinafter named. If my wife, ANN M. EBERLY, survives me (and for purposes of this Article my wife shall be deemed to have survived me if the order of our deaths cannot be established by proof), my residuary estate, together with any other property which may be added hereto, shall be divided into two separate shares, Share A and Share B. Share A shall consist of the smallest fractional share of this trust estate which, when added to the value of all other items in my gross estate which are eligible for the marital deduction and which pass or have passed to my wife under other provisions of this Will except Share B or otherwise, shall reduce the federal estate tax payable, after application of all available credits (to the extent that their use will not increase death taxes on my estate), to the lowest possible figure. In establishing such fractional share: (1) the computation shall be based on final federal estate tax values and funding shall be determined on the date or dates of distribution; (2) only assets that are eligible for the marital deduction shall pass to Share A; and (3) any property which may at any time form part of this trust estate and which is not subject to federal estate tax in my estate shall be disregarded in calculating the fractional shares hereunder and shall be allocated to Share B, unless some other allocation is directed. Share B shall consist of the balance of this trust estate after setting apart Share A and after payment 'from this balance of death taxes as hereinafter provided. If my wife fails to survive me, Share B shall consist of the entire trust estate. If my wife (or my wife's executor, 463576.1 8/18/99 -3- administrator, guardian or agent acting under a power of attorney) disclaims part or all of my wife's interest in Share A, such disclaimed portion shall pass to Share B and my wife shall retain my wife's interest in Share B as augmented by the disclaimed property. A. MARITAL DEDUCTION SHARE ,4. The Trustee shall distribUte Share A to my wife, ANN M. EBERLY, absolutely. B. NON-MARITAL DEDUCTION SHARE B. my wife, ANN M. EBERLY, for life, the following from Share B: The Trustee shall pay to a. The net income, quarterly or more frequently. b. In addition, so much of the principal as the Trustee other than my wife, in the Trustee's sole discretion, deems proper for the support, health and education of my wife. In the exercise of this power, the Trustee may, but shall not be required to, consider the other resources of my wife. c. In addition, so much of the principal as my wife, from time to time during my wife's lifetime, requests in writing delivered to the Trustee, not to exceed in any calendar year the greater of Five Thousand Dollars ($5,000) or five percent (5%) of the value of the principal at the end of such year. Such right shall be non-cumulative. Upon the death of my wife, or upon my death if my wife fails to survive me, the Trustee shall distribute the balance of Share B to my daughter, BETSY EBERLY DUNN, if she is then living. If my daughter, BETSY EBERLY DUNN, is not then living, the Trustee shall divide the same into as many equal shares as there are grandchildren of mine then living and grandchildren of mine then deceased represented by issue then living and shall distribute one such share to each grandchild of mine then living and one such share, per stirpes, to the issue then living of each such grandchild then deceased. If I have no issue living at the time of my wife's death, or upon my death if my wife does not survive me, the Trustee shall divide the then remaining balance into as many equal shares for each of my daughter's husband, WILLIAM JACKSON DUNN, my nephew JOHN C. MUTH, my nephew RICHARD MUTH, and my niece MARILYN MARTIN as are then living and shall distribute one such equal share to each of them then living. Fourth: Minority Provision: Any income or principal (other than tangible personal property) which becomes distributable to a minor (and for purposes of this Will, the term "minor" shall refer to a person under age twenty-one) shall be held in a trust fund by the 463576.1 8/18/99 -4- Trustee during minority. The Trustee shall apply such amounts of income and principal as the Trustee, in the Trustee's sole discretion, deems proper for the support, health, education and welfare of such minor and shall accumulate any unexpended balance of income. Such amounts may be applied directly or may be paid to the person with whom such minor resides or who has the care or control of such minor, without the intervention of a guardian. The Trustee shall not be obliged to supervise or inquire into the application of such amounts by such person, and the receipt of such person shall be a complete release of the Trustee. Should any such fund, in the sole opinion of my Executor or Trustee, be or become too small to warrant continuing such fund in trust, or should its administration be or become impractical for any other reason, my Executor or Trustee, in the Executor or Trustee's sole discretion, may pay such fund, absolutely, to the parent or other person maintaining said minor or may deposit such fund in the minor's name in an interest-bearing account in a financial institution of the Executor or Trustee's choosing, payable to the minor at majority. If such minor dies before attaining age twenty-one, such fund shall be distributed to such minor's estate. Fifth: Disability Provision: If any beneficiary shall, in the sole opinion of the Trustee other than such beneficiary, become mentally or physically incapacitated, the Trustee may apply the share to which such beneficiary is otherwise entitled hereunder for such beneficiary's support, health and welfare, directly, without the intervention of a guardian. Sixth: Protective Provision: All principal and income shall, until actual distribution to the beneficiary, be free of the debts, contracts, alienations and anticipations of any beneficiary, and shall not be liable to any levy, attachment, execution or sequestration while in the hands of my Executor or Trustee. 463576.1 8/18/99 -5- Seventh: Pe~etuities Saving Clause: I direct that, in any event, if any trust created under this Will has not already terminated by its terms, it shall terminate at the expiration of twenty-one years after the death of the survivor of my wife and the last surviving issue of mine who was living at the time of my death. The principal shall then be distributed to my then living issue, per stirpes. Eighth: _Tax Clause: All estate, inheritance, succession and other taxes, imposed or payable by reason of my death, and any penalties thereon, with respect to all property comprising my gross estate for death tax purposes, whether or not such property passes under this Will, (except any such tax on any qualified retirement plan benefits or Individual Retirement Account benefits included in my estate, all of which taxes shall be apportioned pro rata against and paid by the person, persons or trust in possession thereof or benefited thereby) shall be paid out of and charged generally against the principal of Share B, after setting apart Share A, without apportionment or right of reimbursement; provided, however, that no asset which is exempt from any state death tax shall be used for the payment of such tax and no asset which is exempt from federal estate tax shall be used for the payment of such tax or to satisfy any obligations of my estate. Such taxes shall be paid at such time or times as may be deemed advisable. Ninth: Powers of Fiduciaries: In addition to the powers given by law, my Executor and Trustee, and any successors, without any order of court and in the sole discretion of the Executor and Trustee, may: advisable. Retain any real or personal property, as long as deemed bo investments. Invest in any real or personal property without restriction to legal 463576.1 8/18/99 -6- c. Subscribe for stocks, bonds or other investments; join in any plan of lease, mortgage, merger, consolidation, exchange, reorganization, foreclosure or voting trust and deposit securities thereunder; and generally exercise all the rights of security holders or employees of any corporation. d. Register securities in the name of a nominee or in such manner that title will pass by delivery. e. Vote securities in person or by proxy, and in such connection delegate discretionary powers. f. Repair, alter, improve or lease, for any period of time, any real or personal property, and give options for leases. g. Sell at public or private sale, for cash or credit, with or without security, exchange or partition any real or personal property, and give options for sales or exchanges. h. Borrow money from any person, including any fiduciary, and mortgage or pledge any real or personal property. i. Disclaim any interest or power granted to me under any instrument or by operation of law. j. Employ custodians, accountants, investment advisors and other agents and pay their proper charges in addition to fiduciary commissions. k. Pay administration expenses, including, without limitation, interest on death taxes ("administration expenses") from principal or income, including income otherwise payable to charity; provided, however, that no allocation of administration expenses to income shall be made that would prevent any assets from otherwise qualifying for the federal estate tax charitable deduction. 1. Use administration expenses as deductions for federal estate tax purposes or fiduciary income tax purposes or partly for each, without making adjustments between principal and income in consequence of the exercise of such discretionary power. m. File joint income tax returns with my wife and pay a portion of such tax, and consent to gifts made by my wife and pay a portion of any gift tax thereon. n. Compromise claims. o. Divide any trust hereunder, which division may be made on a non-pro rata basis, into two or more separate and independent trusts and make any 463576.1 8/18/99 -7- principal distributions otherwise authorized hereunder from the trusts on a non-pro rata basis. P. To the extent that any asset which is exempt from Pennsylvania inheritance tax would otherwise be allocated to any trust hereunder containing property not exempt from such tax, divide any trust hereunder into two trusts, in all respects identical, except that one trust shall contain only property exempt from the Pennsylvania inheritance tax and the other trust shall contain only property not exempt from said tax; and my Executor and Trustee may make any principal distributions otherwise authorized hereunder from the two trusts on a non-pro rata basis. q. Add to the principal of any trust created hereby any property received from any person by Deed, Will or in any other manner. r. At any time merge any trust hereunder with any other trust held by my Executor, whether created by me or by any other person by Will or Deed, if the terms of the trust are then substantially similar and held for the primary benefit of the same person or persons. s. Make distributions without the consent of any beneficiary, in cash or in specific property, real or personal, or an undivided interest therein, or partly in cash and partly in such property and do so, except as otherwise specifically provided elsewhere herein, without regard to the income tax basis of specific property allocated to any beneficiary (including any trust) and without making pro rata distribution of specific assets. t. Exercise all power, authority and discretion given hereby, after the termination of any trust created herein until the same is fully distributed. u. Fund or divide any trust or trust share hereunder at any time into two separate trusts or shares in order that the federal generation-skipping transfer tax ("GST") inclusion ratio for each trust or share shall be either 0 or 1, and exercise any discretionary powers over principal or income against either one or the other or both of the two trusts or shares in such manner as, in the opinion of the Trustee, will lessen federal transfer taxes. v. Give any beneficiary (other than my wife) of any trust or trust share hereunder, at any time prior to the death of such beneficiary, a testamentary general power of appointment, as defined in Section 2041 (b) of the Internal Revenue Code of 1986, as amended, or successor provisions (the "Code"), over all or any portion of any trust or share established hereunder for benefit of such beneficiary if the possession of such power by said beneficiary, in the opinion of the Trustee other than such beneficiary, would lessen federal transfer taxes and be in the best interests of the beneficiary. The Trustee may give a beneficiary such general power by a written notification to such beneficiary of such award, which shall contain such information as to the scope of the general power and the method of its exercise as the Trustee other 463576.1 8/18/99 -8- r than such beneficiary shall deem appropriate. The effective exercise of such power, to the extent of such exercise, shall be deemed to control the disposition of the appointed property. w. To the extent possible, satisfy any distribution hereunder which qualifies for the special generation assignment rule of Section 2651(e) of the Code from GST non-exempt assets and divide any trust hereunder for multiple beneficiaries into separate trusts for one or more of said beneficiaries in such a manner that certain distributions from one or more of such trusts will thereby be protected from GST by the special generation assignment rule and make such equitable adjustments in the continuing interests of the other beneficiaries in the remaining trust share or shares as the Trustee shall deem appropriate. x. Make distributions for the benefit of skip persons (as defined in Section 2613(a) of the Code) to which they are otherwise entitled hereunder for medical and tuition expenses directly to the provider of the services and from assets which are not GST exempt, if any. Y. Satisfy any transfer which would otherwise be deemed a taxable termination, a taxable distribution or a direct skip, for generation-skipping transfer tax purposes, out of the principal of such trust share or shares created hereunder which are GST exempt, and satisfy any distributions which would not be deemed a taxable termination, a taxable distribution or a direct skip, for generation-skipping transfer tax purposes, out of the principal of such trust share or shares created hereunder which are not GST exempt. In addition, the Trustee, in the Trustee's sole discretion, may fund one or more of such trust shares created hereunder for one or more beneficiaries with disproportionate amounts of GST exempt or GST non-exempt property. Such equitable adjustments in the continuing interests of the other beneficiaries in the remaining trust share or shares shall be made under such circumstances as the Trustee shall deem appropriate. z. Allocate any of my federal exemption from GST, as provided in Section 2631 of the Code, available at the time of my death to any property as to which I am the transferor under the provisions of Section 2652(a) of the Code, including any property transferred by me during my life, and to elect out of any deemed allocation or revoke any prior election out. My Executor and Trustee may make, but shall not be required to make, any adjustment of the amount distributed to any beneficiary who would have received a greater or lesser amount if my Executor or Trustee had made a different or contrary decision in reference to any of the above matters. I exonerate my Executor and Trustee from any liability arising 463.576.1 8/18/99 -9- from any exercise or failure to exercise these powers, provided their actions (or inactions) are taken in good faith. For purposes of interpretation of this document, with respect to a gift to any descendant of mine, any condition of survivorship shall be construed to mean survival by 90 days, and if any such descendant of mine shall fail to survive me by 90 days, such descendant of mine shall be deemed to have predeceased me. Tenth: Appointment of Fiduciaries: I appoint my wife, ANN M. EBERLY, Executor of this Will. Should my wife, for any reason, fail to qualify or cease to act as such during the administration of my estate, I appoint my daughter, BETSY EBERLY DUNN, Executor of this Will to serve with the same duties, powers and discretion as if originally appointed. I appoint ALLFIRST (formerly known as DAUPHIN DEPOSIT BANK AND TRUST) Trustee of any trusts established under Article SECOND of this Will for the benefit of my grandchildren. I appoint my wife, ANN M. EBERLY, Trustee of all other trusts established hereunder. Should my wife, for any reason, fail to qualify or cease to act as such during the administration of any such trust, I appoint my daughter, BETSY EBERLY DUNN, Trustee of all trusts established hereunder, except any trust established under Article SECOND, to serve with the same duties, powers and discretion as if originally appointed. ALLFIRST shall be entitled to compensation for its services as Trustee in accordance with its Standard Schedule of Charges in effect from time to time during the period over which its services are rendered. The majority of all beneficiaries to whom current trust payments may or must be distributed, or the natural or legal guardians of such beneficiaries, as the case may be, shall 463576.1 8/18/99 -10- have the power to request in writing the removal of the Corporate Trustee then in office and the appointment of another Corporate Trustee. Then, and as often as it shall occur, the Corporate Trustee so designated hereunder to be appointed in the writing shall, upon filing written acceptance of the trust, become Corporate Trustee hereunder and the Corporate Trustee then in office shall thereupon be removed. If at any time there is a change in the Federal estate tax laws such that any trust created hereunder will be includable in my wife's estate solely by reason of my wife's position as sole Trustee with respect to such trust, then, and in that event, the successor Trustee named herein shall become a Co-Trustee with my wife. In that event, no Trustee shall participate in any discretionary decision relating to the right of such Trustee, as beneficiary, or in any determination of such beneficiary's incapacity. In such cases the decision of the other Trustee shall control. No Executor or Trustee named herein or appointed as provided below shall be required to give bond or furnish sureties in any jurisdiction. Whenever the word "Executor" or the word "Trustee" is used in this Will, the word shall include both the singular and the plural, unless the context indicates otherwise. IN WITNESS WHEREOF I have hereunto set my hand and seal this ~ ~ day of ~,--~, 1999. SEIBERT D. EBERLY, JR. ~,~ ~-' SIGNED, SEALED, PUBLISHED and DECLARED by the above named SEIBERT D. EBERLY, JR. as and for his last Will and Testament, in the presence of us, who, at his request, in his presence and in the presence of each other, have hereunto subscribed our names as witnesses. 463576.1 8/18/99 -11- 463576. I 8/18/99 -12- COMMONWEALTH OF PENNSYLVANIA COUNTY OF We, SEIBERT D. EBERLY, JR., the testator, and "Fey-fl [-~,na rvle~-~'l and bo,,,-, L. gnarl{Iv-' , the witnesses, whose names are signed to the foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the testator signed and executed the instrument as his last Will 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 presence and hearing of the testator, signed the Will as a witness and that to the best of the ' ' w~tnesses knowledge the testator was at that time over eighteen years of age, of sound mind and under no constraint or undue influence. SEIBERT D. EBERLY, JR. itnessp' witness ' Subscribed, sworn to and acknowledged before me by SEIBERT D. EBERLY, JR., the testator, and subscribed and sworn to before me by w~tnesses, this/0,~y , 1999. otar Public 463576,1 8/18199 -13- allfirst' A Division of M and T Bank SauFEwing, LLP Attorneys At Law 2 North Second Street 7th Floor Harrisburg, PA 17101-1604 Allfirst Financial Center N.A. P.O. Box 900 F ax (302) 934-2955 May 23, 2003 Re: Estate of Seibert D. Eberlv, .Ir. Social Securitw 162-22-1495 Date of Death: Februa~_ 13, 2003 Dear Sir or Madam: Per your inquiry dated May 8, 2003, please be a&4sed that at the time of death, the above-named decedent had on deposit with this bank the following: 1. Type of Account Account Number Ownership (Names o./) Opening Date Balance on Date of Death Accrued Interest Relationship Checking W/Interest 0030186889 Seibert D Eberly, Jr., Owner Ann M Eberly, Owner 08/28/64 $5,037.08 $ .54 Total $5,037.62 Type of Account Account Number Ownership (Names oJ) Opening Date Balance on Date of Death Accrued Interest Total IRA 87000026541001 Seibert D Eberly, Jr., Owner 11/20/82 $68,468.27 $ 1,282.30 $69,750.57 Type of Account Account Number Ownership ~ames oJ) Opening Date Safe Deposit Box 1000535100003566 Seibert D Eberly, Jr., Owner Ann M Eberly, Owner 11/13/98 This letter does not include any accounts in which the deceased may have been listed as Power of Attorney, Custodian of Uniform Transfers, Representative Payee, or Trustee under a Written Agreement. For fitrther account information, closures and/or reimbursement of funds refer to below branch: WEST SHORE PLAZA OFFICE 1200 MARKET STREET LEMOYNE, PA 17043 717-255-2271 Assistant I Cis Services, (302) 934-2909 P.O. BOX 12057 11 N 3RD ST-2ND FL HARRISBURG PA 17101 PAGE I SMITH BARNEY._ c t groupT SEIBERT D EBERLY JR Branch Manager: 116 OLD MILL DRIVE RICHARD J. CONWAY CAMP HILL PA 17011-8201 Branch Telephone: 717-780-1700 Dear. Client: "' For your protection, it Is our policy to confirm the transfer of assets from your account as directed by your written Instructions. The following transfers were made on account Identified below: Account Number & Name 724-08312 BETSY DUNN EXEC ESTATE OF SEIBERT D EBERLY JR SAUL EWING ESQ PO BOX 1291 HARRISBURG PA 17108-1291 04117103 from your Account referenced above to the QtylAmount Security Description $222.47 Please review the Information carefully. If the transaction is correct, no further action is necessary. If you have any questions regarding this transaction, please contact your Branch Manager promptly by phone. Very truly yours, Susan Lobosco Vice President Branch Administration Smith Barney is a division and service mark of CItigroup Global Markets lac. P.O. BOX 12057 11 N 3RD ST-2ND FL HARRISBURG PA 17101 PAGE I SMITH BARNEY_ c t group-}- SEIBERT D EBERLY JR 116 OLD MILL DRIVE CAMP HILL PA 17011-8201 Branch Manager: RICHARD J. CONWAY Branch Telephone: 717-780-1700 Account Number: 724-07585 Dea[' Client: For your protection, it is our policy to confirm the transfer of assets from your account as directed by your written instructions. The following transfers were made on 04114/03 from your Account referenced above to the account identified below: Account Number & Name 724-08312 BETSY DUNN EXEC ESTATE OF SEIBERT D EBERLY JR SAUL EWlNG ESQ PO BOX 1291 HARRISBURG PA 17108-1291 QtylAmount Security Description $5,108.39 11,901.5674 5,000.734 1,538 9,341.375 14,081.479 DREYFUS STRATEGIC MUNS lNG EATON VANCE NATIONAL MUNICIPAL FUND CLASS B SELIGMAN PENNSYLVANIA MUNICIPAL BOND FUND CLASS A SMITH BARNEY MUNI FUNDS PENNSYLVANIA PORTFOLIO CL L SMITH BARNEY MUNICIPAL HIGH INCOME FUND CL A Please review the information carefully. If the transaction is correct, no further action is necessary. If you have any questions regarding this transaction, please contact your Branch Manager promptly by phone. Very truly yours, Susan Lobosco Vice President Branch Administration Smith Barney is a division and service mark of Cltigroup Global ~Vlarke~s Inc. Received 03/19/2003 09:36AM in 00:54 on line [6] for 3069 ~40RKSRV2 printed BOO¢971D on 03/19/2003 Mar-19-03 09:4Zam From-Smith Barney 717 Z33 2090 T-Z61 Seibert D. Eberly Jr. Date of Death: 2/13/03 09:46AM P.O01/OOI * pg 1/1 F-58~ ..Qo. sntlty Description Price Value 2,479.69 B~nk Deposit Program 1.00 2,479.69 11,823 Dreyfus Stratego Mnn.q Inc 9.38 110,899.74 5,000 Eaton Vance Nad Mua Fd B 9.77 48,850.00 1,538 Sell_groan PA Mun Bd Fd A 8.03 12,350.14 9,271.564 Smith Barney Muoi Fd PA 13.13 121,735.63__ 13,932.5.99 Smith Barney Muni Hi lnc 14.86 207,038.42 100,540 Travelers Life & Annuity ...... 101,659.98 TOTAL 605,013.60 Thc information herein has been obtained fi.om sources we be guarantee its accuracy or completeness. THIS IS NOT A TAX BILL MAILING DATE: July 1, 2000 District: 13 - LOWER ALLEN TOWNSHIP School..: WEST SHORE SD Location: 116 OLD MILL DRIVE CEDAR CLIFF MANOR LOT 13 TAXABLE UNIT/LOT ID..= L-0013 L~nd Size .... : .58 acres Property Type: R Residential With Buildings Control No: 13003302 Parcel Identifier: 13-24-0805-099. 2000 Assessed Value Old Assessed Value Market Value (2000 Market x 100%) (1974 Market x 25%) Land 45,000 45,000 2,120 Buildings 100,740 100,740 7,340 TOTAL 145,740 145,740 9,460 2000 Clean and Green Values Land NOT NOT NOT Buildings APPLICABLE APPLICABLE APPLICABLE TOTAL Clean and Green values apply to some farm and forest land. Such values become effective only upon application and approval. All applications must be received by the Assessment Office by 4:30 p.m. on October 15, 2000. Those previously approved for Clean and Green do not need to re-apply. CUIHKTDS Pennsylvania law requires that all real estate be valued as of the most recent county-wide reassessment. The last reassessment, or tax base year, was 1974. Since the last reassessment in 1974, properties have been assessed at 25% of the 1974 value (the "Pre-Determined Ratio"). The new tax base year will be the Year 2000, with the new assessed values becoming effective for the 2001 tax year. The Pre-Determined Ratio has been changed to 100%. Your new assessed value equals your Year 2000 market value. It is very important for you to know that when the new 2000 tax base is determined after this reassessment, all taxing districts are required by law to lower the millage rate by the same proportion that the tax base went up. The law provides that in the first year after reassessment (2001), the county and all townships and boroughs may not increase overall revenue by more than five percent (5%) and school districts may not increase overall revenue by more than ten percent (10%). The county and the other taxing bodies will make these decisions next year, and may choose not to increase overall revenue. Of course, some individual's taxes will go up or down by more than those percentages. The essential point is that an increase in market values does not necessarily mean a corresponding increase in taxes. Individual changes in taxes will depend upon a specific property's change as compared to the overall change for the taxing district. The ESTIMATED impact statement printed below is our best estimate of change, based on 2000 COUNTY tax figures. This estimate does not include any borough, township, or school district impact. ESTIMATED COUNTY TAX IMPACT: Current 2000 County mills = 27.500 Adjusted 2000 County mills = 1.858 $ 260 : 2000 County Tax BEFORE Reassessment. $ 271 : 2000 County Tax AFTER Reassessment. Register of Wills of Cumberland County, Pennsylvania INVENTORY Estate of Seibert D. Eberly, Jr. No. 21-03-0163 also known as Date of Death February 13, 2003 , Deceased Social Security No. 162-22-1495 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. UWe verify that the statements made in this Inventory are true and correct. I/We understand that false-statements herein are made subject to the penalties of 18. Pa. C.S. Section 4904 relating to unswor_n, f.alsification to authorities. Pe rso nal/J~e pr~ese nt at~/je Name of Dorm L. Snyder Attorney: LO. No.: 06858 Address: 2 North Second Street, 7tn Flr Dated: Harrisburg, PA 17101 Tele~ho~e: (717) 257-7524 Description REAL ESTATE PERSONAL ESTATE See Schedule "B" Attached See Schedule "E" Attached See Schedule "G" Attached (Attach Additional Sheets if necessary) 5'~'~L~ LL ']2r' ~0. Value None $500,873.93 $ 2,479.69 $171,410.55 Total: $674, 764.17 Note: The Memorandum of real estate outside the Commonwealth of Pennsylvania may, at the election of the personal representative, include the 98678.1 7t7/03 REV-15Q3 EX + (1-97) (I) COMMONV~cALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Eberly, Seibert D., Jr. SCHEDULE B STOCKS & BONDS FILE NUMBER 21-030163 All property jointly<~,ned with the right of survivorship must be disclosed on Schedule F ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 2. 3. 4. 5. Dreyfus Strategic Municipal Bonds Eaton Vance National Fund B Seligman Pennsylvania Municipal Bond Fund A Smith Barney Municipal Fund Pennsylvania Smith Barney Municipal H:Inc. 110,899.74 48,850.00 12,350.14 121,735.63 207,038.42 TOTAL (Also enter on line 2, Recapitulation) $ 5 0 0,8 7 3.9 3 (If more space is nc:~ed, insert additional sheets of the same size) STF PA42021F 4 REV-15~8 EX + (1-97) (I) COMMONWEALTH OFPENNSYLVAN~ INHEREANCETAXRETURN RESIDENT DECEDENT SCHEDULE E CASH, BANKDEPOSITS,&MISC. PERSONAL PROPERTY ESTATEOF FILENUMBER Eberl¥, Seibert D., Yr. 21-030163 Include the proceeds of litigation and the date the proceeds were received bythe 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. Smith Barney 2,479.69 TOTAL (Also enter on line 5, Recapitulation) $ 2,479.69 (If more space is needed, insert additional sheets of the same size) STF PA42021F.9 REV.,151~3 EX + (1-97) (I) SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Eberly, Seibert D., Jr. 21-030163 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. DESCRIPTION OF PROPERTY % OF ITEM INCLLDE THE NAME OF TFE TRANSFEREE, T~£1R RELATIONSI-IP TO DECEDENT AND 7~E DATE DATE OF DEATH DECD'S EXCLUSION TAXABLE VALUE NUMBER OF TRANSFER. ATrACH A COPY OF D-E DEED FOR REAL ESTATE. VALUE OF ASSET INTEREST (IF APPUCABLE) 1. Travelers Life Annuity 101,659.98 100% L01,659.9~ 2. Allfirst - IRA 69,750.57 100% 69,750.5~ TOTAL (Also enter on line 7, Recapitulation) $ 17 1, 4 10.5 ~ (If more space is needed, insert additional sheets of the same size) STF PA42021F. 11 DEPT. 280601 HARRISBURG, PA 17128-0601 COHHONHEALTH OF PENNSYLVANIA DEPARTHENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLO#ANCE OR DZSALLONANCE OF DEDUCTIONS AND ASSESSMENT OF TAX REV-1S,~7 EX AFP C01-05) DONN L SNYDER ESQ SAUL EWING 2 N 2ND ST 7TH FLR ~ PA 17~OZ}~: DATE 08-18-2005 ESTATE OF EBERLY DATE OF DEATH 02-15-2005 FILE NUHBER 21 05-0163 COUNTY CUHBERLAND ACN 101 Amount Rem i'l:'lced SEIgERT D HAKE CHECK PAYABLE AND RENZT PAYHENT TO: REGISTER OF WILLS CUHgERLAND CO COURT HOUSE CARLISLE, PA 17013 CUT ALONG THIS LINE ~ RETAZN LOWER PORTZON FOR YOUR RECORDS ~ ~-: ~¥- ~- -~--~ ~-6~- -~Y~-~- ~- ~'f~k~i- ¥~ - ~P ~-~ ~k~ %- -~L~i-~ ................. DISALLOWANCE OF DEDUCTIONS AND ASSESSHENT OF TAX ESTATE OF E~ERLY SEIBERT D FILE NO. 21 03-0163 ACN 101 DATE 08-18-2003 TAX RETURN NAS: (X) ACCEPTED AS FTLED ( ) CHANGED RESERVATZON CONCERNZNG FUTURE ZNTEREST - SEE REVERSE APPRAZSED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Es~a~e (Schedule A) (1) 2. S*ocks and Bonds (Schedule B) (2) $. Closely Held S~ock/Partnership Zn~ares* (Schedule C) ($) q. Nor~gages/No*es Receivable (Schedule D) (~) $. Cash/Bank Deposi~s/N1sc. Personal Proper~y (Schedule E) (5) 6. Jointly O~nad Proper~y (Schedule F) (6) 7. Transfers (Schedule G) (7) 8. To,al Asse~s APPROVED DEDUCTZONS AND EXEHPTZONS: 9. Funera! Expenses/Adm. Costs/Misc. Expanses (Schedule H) (9) 10. Debts/Mortgage Liabilities/Liens (Schedule 1) (10) 11. To{al Deduc{ions 12. Ne~ Value of Tax Re*urn 500~873.93 .00 2/q79.69 .00 .00 NOTE: To insure proper cradi~ ~o your accoun*, submi~ ~he upper portion .00 of ~his form w/th your ~ax payment. 171~q10.55 (B) 71,178.82 15. 1~. NOTE: ASSESSMENT OF TAX: 15. Amoun~ of L~ne 1~ a~ Spousal ra*e 16. Amoun~ of L3ne 1~ ~axable a~ Lineal/Class A ra~e 17. Amoun~ of LAne 1~ a~ SiblAng ra~e 18. Amoun* of LAne 1~ ~axable a~ Colla*erel/Class B re~e 19. Principal Tax Due TAX CREDITS: PAYH~NT R~C~ZPT DISCOUNT (+) DATE NUMBER INTEREST/PEN PAID (-) 07-11-2003 CD00279~ .00 67q,76q.. 17 ZF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULAT/ON OF ADDITIONAL /NTEREST. (15) 501,580.37 x O0 = .00 (16) 101,659.98 x Oq5= q,57q.70 (17) .00 x 12 = .00 (16) .00 x 15 = .00 (1'9)= q,57q.70 AMOUNT PAZD q,S7q.70 reflect figures that /nclude the total of ALL returns assessed to date. (13) . O0 (1~) 603,2fi0.35 16, 17, 18 and 19 will TOTAL TAX CREDIT BALANCE OF TAX DUE INTEREST AND PEN. TOTAL DUE q,57q.70 .00 .00 .00 ( ZF TOTAL DUE ZS LESS THAN $1, NO PAYMENT ZS REQUIRED. ZF TOTAL DUE 1S REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR ZNSTRUCT/ONS.) Charitable/Governmental Bequests; Non-elected 9115 Trusts (Schedule J) Ne~ Value of Es~a~e Subjec~ ~o Tax Tf an assessment was issued prevlously, lines 14, 15 and/or 3~5.oo (11) 7] .~?~3.8? (12) 603,2q0.35 RESERVATION: Estates of decedents dying on or before Decaebar 1Z, 19BI -- if any future interest in ~he estate is transferred in possession or enjoyment to Class B (collateral) beneficiaries of the decedent after the expiration of any estate for 11fa or for years, the Coeeonwealth hereby expressly reserves the right to appraise and assess transfer Inheritance Taxes at tho lawful Class B (collateral) rate on any such future interest. PURPOSE OF NOTICE: To fulfill the requirements of Section II40 of the Inheritance and Estate Tax Act, Act Z~ of ZOO0. (TI P.S. Section 9140). PAYNENT: REFUND (CR): OBJECTIONS: ADHIN- ISTRATIVE CDRRECTIONS: DISCOUNT: PENALTY: Detach the tap portion of this Notice and subeit with your payment to the Register of Nills printed an the reverse side. --Hake check or money order payable to: REGISTER OF NILLS, AGENT A refund of a tax credit, which wes not requested on the Tax Return, may bo requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-1515). Applications are available at the Office of the Register of Hills, any of the Z$ Revenue District Dffices, or by calling the special Z4-hour answering service for forms ordering: 1-800-36Z-ZOEO; services for taxpayers with special hearing and / or speaking needs: 1-800-q47-SOZO (TT only). Any party in interest not satisfied with the appraiseeent, allowance, or disallowance of deductions, or assessment of tax (including discount or interest) as shown on this Notice suet object within sixty (60) days of receipt of this Notice by: --written protest to the PA Department of Revenue, Beard of Appeals, Dept. ZBIOZ1, Harrisburg, PA 171ZB-IOZI, OR --election to have the setter determined at audit of the account of the personal representative, OR --appeal to the Orphans' Court. Factual errors discovered an this assessment should be addressed in writing to: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Review Unit, Dept. 280601, Harrisburg, PA 171Z8-0601 Phone (717) 787-6505. See page S of the booklet "Instructions for Inheritance Tax Return for a Resident Decedent" (REV-IS01) for an explanation of administratively correctable errors. If any tax due is paid within three (3) calendar months after the decedent's death, a five percent (LZ) discount of tho tax paid is allowed. Tho 15Z tax amnesty non-participation penalty is computed on the total of tho tax and interest assessedt and not paid before January 18, 1996, the first day after the and of the tax amnesty period. This non-participation penalty is appealable in the same manner and in tho the same tiaa period as you would appeal the tax and interest that has been assessed as indicated on this notice. INTEREST: Interest is charged beginning with first day of delinquency, or nine (9) eonths and one (1) day from the date of death, to the date of payment. Taxes which became delinquent before January I, 198Z bear interest at the rate of six (6Z) percent per annum calculated at a daily rate of .000164. Al1 taxes which became delinquent on and after January 1, 198Z will bear interest at a rate which wi1! vary free calendar year to calendar year with that rate announced by the PA Department of Revenue. The applicable interest rates for 198Z through 2003 are: Interest Daily Interest Daily Interest Daily Year Rate Factor Year Rate Factor Year Rate Factor 198Z 20Z .000548 1987 9Z .000247 1999 7Z .000192 1983 16Z .000458 1988-1991 11Z .000301 2000 8Z .000Z19 1984 11Z .000301 199Z 9Z .000247 2001 9Z .000247 1985 13Z .000356 1993-1994 72 .00019Z ZOOZ 62 .000164 1986 102 .000274 1995-1998 9Z .000Z47 2003 52 .000137 --Interest is calculated as folloes: INTEREST = BALANCE OF TAX UNPAID X NUNBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR --Any Notice issued after the tax becomes deliflquent will reflect an interest calculation to fifteen (15) days beyond the date of the assessment. If payment is made after tho interest computation date shown on the Notice, additional interest must be calculated. STATUS REPORT UNDER RULE 6.12 Name of Decedent: Date of Death: Register File No. Seibert D. Eberly, Jr. February 13, 2003 21-03-0163 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 x No If the answer to #1 is No, state when the personal representative reasonably believes that the administration will be complete: 3. If the answer to #1 is Yes, state the following: ao Did the personal representative file a final account with the Court? Yes No X bo The separate Orphans' Court No. (if any) for the personal representative's account is: Co Did the personal representative state an account informally to the parties in interest? Yes X No Date: October 31, 2003 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. D~n~ L. Sn3~c~er, Ees~ui~ Saul Ewing LLP Post Office Box 1291 Harrisburg, PA 17108 Attorney for Estate 54463 [ 10/31/03 ESTATE SETTLEMENT AGREEMENT This Agreement made this,~ day of ~)t,~. t3,~to(~2003, by and between Betsy E. Dunn, Executrix of the Estate of Seibert D. Eberly, Jr., and Ann M. Eberly and Betsy E. Dunn, sole beneficiaries of said Estate. In accordance with the desire that the settlement and distribution of the Estate of Seibert D. Eberly, Jr. be resolved as expeditiously as possible and without the delay of a formal Court accounting, the undersigned, in consideration of the mutual covenants herein expressed, and of the sums received, and intending to be legally bound hereby, agree that: 1. The said Seibert D. Eberly, Jr. died February 13, 2003 testate. 2. The undersigned hereby agrees that the entire estate be distributed as set forth in the Schedule of Distribution attached as Exhibit "A" and hereof made a part. Without intending to limit the rights of remedies of the personal representative, the undersigned further agrees to indemnify the personal representative and save her harmless against all liability, loss and expense (including, but not limited to, costs and counsel fee) which the personal representative may incur, whether due to the personal representative's negligence or otherwise, as a result of making the above distributions without formal court audit or other formal estate administration. 3. The undersigned hereby forever fully release, compromise, settles and discharges any and all claims, demands, actions or causes of action, legal or equitable, absolute or contingent, vested or hereafter to accrue, which they may have against any other party hereto or against the Estate of Seibert D. Eberly, Jr., deceased or the personal representative thereof, by reason of any matter, cause or thing growing out of or relating to any property or assets of the said Estate of 100648 1 10/31/03 Seibert D. Eberly, Jr., or growing out of or relating to any act of the personal representative in her individual handling of said Estate, even if attributable to negligence, and agrees that any period for the limitation of actions for the collection or any erroneous distribution or distributions shall commence only at such time as the personal representative shall have obtained actual knowledge of such erroneous distribution and that in no event shall the period of collection of any erroneous distribution be less than two years after the actual discovery thereof by the personal representatives. 4. Copies of the prior Releases are attached hereto and made part of this Agreement. 5. The undersigned agrees to execute such additional releases as the personal representative may submit in order to confirm his discharge fi.om any further liability to the parties in connection with said Estate. 6. This Agreement, shall be binding upon the undersigned, their heirs, next of kin, personal representative, successors and assigns. 7. This Agreement may be signed in counter parts. IN WITNESS WHEREOF the undersigned has hereunto set her hand and seal the day and year first above written. Sworn to and subscribed before me this day o{~October 2~ Noth~ublic 100~8 1 ]0/20/03 Individua3Ly.~d as Executrix of the Estate of Seibert D. Eberly, Jr. IN WITNESS WHEREOF the undersigned has hereunto set his hand and seal the day and year first above written. By: Betsy E. DunnX-,--/ Power of Attorney for Ann M. Eberly Sworn to and sub~sc,,fibed before me this f Octobe No~ Pubhc 100648 1 10/20/03 COURT OF COMMON PLEAS OF CUMBERLAND COUNTY ORPHANS' COURT DIVISION COMMONWEALTH OF PENNSYLVANIA ESTATE OF SEIBERT D. EBERLY, JR. LATE OF THE TOWNSHIP OF LOWER ALLEN CUMBERLAND COUNTY, PENNSYLVANIA PROPOSED SCHEDULE OF DISTRIBUTION It is recommended that the pre-distribution of $171,410.55 and proposed distribution in proceeds from sale of real estate, annuities and cash as follows totaling $441,191.41 be approved as follows: Betsy E. Dunn Ann M. Eberly Ann M. Eberly $101,659.98 $69,750.57 $441,191.41 TOTAL $613,042.96 100648.1 10/22/03 IN RE: THE ESTATE OF SEIBERT D. EBERLY, JR., DECEASED IN THE COURT OF COMMON PLEAS : CUMBERLAND COUNTY, PENNSYLVANIA : : ORPHANS' COURT DIVISION : : FILE NO. 22-03- SATISFACTION AND AWARD The undersigned, hereby acknowledge that Betsy E. Dunn, Executrix of the Estate of Seibert D. Eberly, Jr., deceased, has distributed to the undersigned cash in the amount of Five Hundred Ten Thousand Nine Hundred Forty One and 98/100 Dollars ($510,941.98) as full payment of all sums due pursuant to the Estate of Seibert D. Ebefly, Jr., directs and authorizes the Clerk of the Orphan's Court Division to mark satisfied of record the award which may be made in his individual favor. IN WITNESS WHEREOF, the undersigned has caused these presents to be executed this dayof _/~d:~ .~_0~ , 2003. Witness: By: ANN M. EBERLY Betsy E. D~V - / .... -. Power of Attom"c~ for Ann M. Eberly No. 187-14-2217 1006481 10/20/03 IN RE: THE ESTATE OF SEIBERT D. EBERLY, JR., DECEASED IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION FILE NO. 22-03- SATISFACTION AND AWARD The undersigned, hereby acknowledge that Betsy E. Dunn, Executrix of the Estate of Seibert D. Eberly, Jr., deceased, has distributed to the undersigned cash in the amount of One Hundred One Thousand Six Hundred Fifty Nine and 98/100 Dollars ($101,659.98) as full payment of all sums due pursuant to the Estate of Seibert D. Eberly, Jr., directs and authorizes the Clerk of the Orphan's Court Division to mark satisfied of record the award which may be made in his individual favor. IN WITNESS WHEREOF, the undersigned has caused these presents to be executed this '9'M53 44~ay of ~'~-d 60'"-, 2003. Witness: BETSY E. DUNN No. 164-56-'~"-'""' 100648 I 10/20/03 COURT OF COMMON PLEAS OF CUMBERLAND COUNTY ORPHANS' COURT DIVISION COMMONWEALTH OF PENNSYLVANIA ESTATE OF SEIBERT D. EBERLY, JR. LATE OF THE TOWNSHIP OF LOWER ALLEN CUMBERLAND COUNTY, PENNSYLVANIA FIRST AND FINAL ACCOUNT OF BETSY E. DUNN, EXECUTRIX Date of Death: February 13, 2003 Estate No. 21-03-0163 Donn L. Snyder, Esquire Saul Ewing LLP Post Office Box 1291 Harrisburg, Pennsylvania 17108 717-257-7552 Attorney for the Estate of Seibert D. Eberly, Jr. 100648.1 10/31/03 COURT OF COMMON PLEAS OF CUMBERLAND COUNTY ORPHANS' COURT DIVISION COMMONWEALTH OF PENNSYLVANIA ESTATE OF SE[BERT D. EBERLY, JR. LATE OF THE TOWNSHIP OF LOWER ALLEN CUMBERLAND COUNTY, PENNSYLVANIA FIRST AND FINAL ACCOUNT OF BETSY E. DUNN, EXECUTRIX PAGE 2 4 6 SUMMARY AND INDEX PRINCIPAL Receipts Less Disbursemems Balance Before Distribution Distribution to Beneficiaries $674,764.17 $76,260.34 $598,503.83 $171,410.55 TOTAL PRINCIPAL BALANCE REMAINING $427,093.28 INCOME Receipts Disbursements TOTAL INCOME BALANCE REMAINING COMBINED BALANCE REMAINING FOR DISTRIBUTION 14,098.13 -0- 14,098.13 $441,191.41 100648.1 10/22/03 COMPOSITION OF BALANCE Smith Barney Cash & Securities $441,191.41 100648 I 10/22/03 PRINCIPAL RECEIPTS Inventory Filed Per copy of Inventory Attached $674,764.17 TOTAL PRINCIPAL RECEIPTS $674,764.17 100648.1 10/22/03 PRINCIPAL DISBURSEMENTS Schedule H Attached Schedule I Attached Register of Wills - Inheritance Tax Register of Wills - Filing Fee Saul Ewing LLP - Misc. Filings and Copies Total Disbursements $71,178.82 $345.00 $4,574.70 $29.O0 $132.82 $76,260.34 100648.1 10/22/03 PRIOR DISTRIBUTION Betsy E. Dunn Annuity-Travelers M&T Bank (formerly Allfirst IRA) TOTAL $101,659.98 $69,750.57 $171,410.55 1006481 10/22/03 PROPOSED SCHEDULE OF DISTRIBUTION TO BENEFICIARIES Ann M. Eberly Total to be Distributed $441,191.41 $441,191.41 100648.1 I 0/22/03 INCOME RECEIPTS Smith Barney- Account No. 724-08312-19-334 $14,098.13 100648.1 10/22/03 INCOME DISBURSEMENTS None 1006481 10/22/03 COURT OF COMMON PLEAS OF CUMBERLAND COUNTY ORPHANS' COURT DIVISION COMMONWEALTH OF PENNSYLVANIA ESTATE OF SEIBERT D. EBERLY, JR. LATE OF THE TOWNSHIP OF LOWER ALLEN CUMBERLAND COUNTY, PENNSYLVANIA PROPOSED SCHEDULE OF DISTRIBUTION It is recommended that the pre-distribution of $171,410.55 and proposed distribution in proceeds from sale of real estate, annuities and cash as follows totaling $441,191.41 be approved as follows: Betsy E. Dunn Ann M. Eberly Ann M. Eberly TOTAL $101,659.98 $69,750.57 $441,191.41 $613,042.96 100648.1 10/22/03 STATE OF TEXAS COUNTY OF SS Betsy E. Dunn, Executrix of the Estate of Seibert D. Eberly, Jr., deceased, being duly sworn according to law, deposes and says that the foregoing account is true and correct to the best of her knowledge, information and belief, and that no persons claiming to be interested in said Estate as creditors, legatee, next of kin or otherwise, have given notice of their claim to the deponent, in writing or to Donn L. Snyder, her attorney, in writing. BETS'~ E.~ Sworn to and subscribed before me this day of October, 2~2~ ot~ Public ~'~- '~llll 100648 I I 0/20/03