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HomeMy WebLinkAbout05-19-11 (2)15D561D143 C Fx(at-to> REV-1 SOO OFFICIAL USE ONLY PA Department of Revenue pennsylvania county coda veer File Number Bureau of Individual Taxes °~'""^'~'"°" PO 80X.280601 INHERITANCE TAX RETURN 21 11 0299 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 171 03 5052 02 21 2011 07 08 1917 Decedent's Last Name SHAW Suffix Decedent's First Name ERNEST (lf Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI T MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW X^ 1. Original Retum ~ 2. Supplemental Return ~ 3, Remainder Return (date of death priorto t2-13-62) q, Limited Estate ~ 4a. Furore Interest Compromise (date of death after 72-i2~2) ~ 5. Federal Estate Tax Retum Required 6 oecadem Died restate (Attach Copy of Will) ~ ~ ~Aeftcaed~epoPYiof~nest)a Living Trust c g, Total Number of Safe Deposit Boxes g. Litigation Proceeds Received ~ t p. e~iween?2~3a1 Y C~it{detge5gr death 91 I ~ t t Election to tax under Sec. 9113(A) (Attach Sch. O) CORRESPONDENT • THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number MICHAEL L BANGS 717 730 7310 P__'. _,., First line of address 429 SOUTH 18TH STREET Second line of address City or Post Office State ZIP Code CAMP HILL PA n . - -~ - REGISTER O~YVpyL,$~USE OyLY '- r LI,, -ri v) - ', . ~' ~_„ ~ - ' r_~%:, n i Ir _~ I DATE FILED ., r ., y /i1 .--, -Tl Correspondent's a-mail address: Under penalties of perjury, I dectare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belle}, it is true, correct and complete. geclaration of preparer other than the personal representative Is based on all information of which preparer has any knowledge. Michael H. Shaw OF 429 South 15D561D143 Hill. PA Michael L. Bangs Side 1 // 15D561D143 J ~~ J REV-1500 EX o.ceaern~,Name: Shaw, Ernest T. Decedent's Social Security Number 171 03 5052 RECAPITULATION 1. Real Estate (Schedule A) ....................................................................................... 1. 2. Stocks and Bonds (Schedule B) ............................................................................. 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C)......... 3. 4. Mortgages 8 Notes Receivable (Schedule D) ........................................................ 4. 5. Cash, Bank Deposits 8 Miscellaneous Personal Property (Schedule E) ............... 5. 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested............ 6. 7. Inter-Vivos Transfers & Miscellaneous f~ nq Probate Property (Schedule G) ~_J Separate Billing Requested............ 7, 8. Total Gross Assets (total Lines 1-7) .................................................................... . 8. 9. Funeral Expenses 8 Administrative Costs (Schedule H) ....................................... 9. 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) .............................. 10. 11. Total Deductions (total Lines 9 & 10) ................................................................... 11. 12. Net Value of Estate (Line 8 minus Line 11) .......................................................... 12. 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) ............................................... 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) .............................................. . 14, TAX COMPUTATION - 3EE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) X .00 15. 16. Amount of Line 14 taxable 207 , 328.27 16. at lineal rate X .045 17. Amount of Line 14 taxable 0 0 0 17 . at sibling rate X .12 . 18. Amount of Line 14 taxable 0 00 18 . at collateral rate X .15 . 19. Tax Due ................................................................................................................. . 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. 1505610243 158,811.51 56,592.17 215,403.68 7,329.08 746.33 8,075.41 207,328.27 207,328.27 0.00 9,329.77 0.00 0.00 9,329.77 Side 2 L 1505610243 1505610243 Rev-tsoe Ex. la•sal COMMON W EALTH OF PENNSYLVANIA INNERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, 8 MISC. PERSONAL PROPERTY ESTATE OF FILE NUMBER Shaw, Ernest T. 21-11-0299 Include the proceeds of litiCanon and the tlete the proceeds were received by the estate. All properly joimlycwnsd with the light o(survlvorship must be dlselosed on schedule F. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1 Refund from Asbury Communities 1,990.58 2 Refund from PA Department of Revenue - 2009 taxes 1,210.94 3 Refund from PA Department of Revenue - 2009 income taxes 10.61 4 Wachovia Bank -Checking Account 17,402.36 5 Wells Fargo Cash -Resource Account 34,500.96 6 Wells Fargo Cash and Money Market 1,476.72 TOTAL (Also enter on Line 5, Recapitulation) I 56,592.17 (If more space is needed, additional pages oT the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Forrn PA-1500 Schedule E (Rev. 6-98) REV-1161 Ex+ (10-08) COM~~r,(~F(~~ANIA SCHEDULE H FUNERAL EXPENSES 8 ADMINISTRATIVE COST: ESTATE OF I FILE NUMBER Shaw, Ernest T. 21-11-0299 Debts of decedent must be reported on Schedule I. ITEM DESCRIPTION AMOUNT q, FUNERAL EXPENSES: See continuation schedule(s) attached ~ 3,293.52 B. I ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Street Address City State Zio Year(s) Commission paid 2, Aftornev's Fees Michael L. Bangs 3,500.00 3, Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Zio Relationshio of Claimant to Decedent 4. Probate Fees 315.50 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 220.06 See continuation schedule(s) attached TOTAL (Also enter on Ilne 9, Recapitulation) 7,329.08 Copyright (c) 2009 form software only The Lackner Group, Inc. Fonn PA-1500 Schedule H (Rev. 10-06) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Shaw, Ernest T. 21-11-0298 ITEM NUMBER DESCRIPTION AMOUNT Funeral Ex e~ Haas 1 Neill Funeral Home 3.293.52 H-A 3,293.52 Other Administrative Costs 2 Cumberland Law Journal -estate advertising 75.00 3 The Sentinel -estate advertisement 145.06 H-B7 220.06 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) Rev1512 EX+ (12-09) SCHEDULE 1 DEBTS OF DECEDENT, MORTGAGE LIABILITIES, 8t LIENS COM MON W EALTM OF PENNSYLVAN IA INIffRITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Shaw, Emest T. 21-11-0299 Report dsMa Incurred 6y the tlacedeM prior to death that romalnsd unpaid at the data of deagr, Including unrelmhurrd medical s:penses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Bonnie Miller - 2011 per capita tax 9.80 2 Carey Associates -preparation of 2010 income tax returns 160.00 3 State Employees' Retirement System -Return of retirement overpayment 305.53 4 US Department of Treasury - 2010 income tax due 271.00 TOTAL (Also enter on Line 10, Recapitulation) I 746.33 (If more space is needed, additional pages of the same size) Copyright (c) 2009 form software only The Lackner Group, Inc. Form PA-7500 Schedule 1 (Rev. 12-08) REV-1613 EXs (11-0B) SCHEDULE J 0O"'~~°~~e~~~""'" BENEFICIARIES ESTATE OF FILE NUMBER ~nr~w, ~rnesz i. 21-11-0 299 NUMBER NAME AND ADDRESS OF RELATIONSHIP TO DECEDENT SHARE OF ESTATE AMOUNT OF ESTATE PERSON(S) RECEIVING PROPERTY (Words) ($$$) I TAXABLE DISTRIBUTIONS [inGude outright spousal distributions, and transfers under Sec. 8118 a 1.2 Michael H. Shaw Son 207,328.27 190 South Franklin Street Harrisburg, PA 17109 Total 207,328.27 Enter dollar amounts for distributions shown above on lines 1 5 throw h 18 on Rev 150 0 cover sheet as a r o riate. NON-TAXABLE DISTRIBUTIONS: II. A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET Copyright (c) 2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule J (Rev. 11-08) Estate Valuation Date o! Deaths 01/21/2011 ~ Ratate ofr Eraeat T. Shaw Valw tioa Dates 01/21/2011 Accounts -9454 and -9941 Proce ssing Dats: 04/28/2011 Report Typo: Date of Death liwbar o! eeauritiear 15 Pile iD: 3hax9454,Erneet005375 Shares security Mena and/or Security Div and Iat I dentifier or Par Deeeriptioa Eigh/Aak Lox/Eid Adjust~eata Value Accruals 1) 019118401 300 ALLIED IA,`.SH BL8 P L C ' BPOE ADA QAD E4nr work 'stock Exahaage Os/SB/1011 0.81000 0.79000 H/L 01/21/1031 0.79000 0.76000 H/L 0.790000 137.00 2) 002068102 266 ATiT IEC (T) C091 wax York Stock Estohaage 01/18/1011 18.58000 18.35000 R/L 01/21/2011 18.41000 18.05000 R/L 18.350000 7,541.10 3) 064058100 441 GAEL OP ERR YOAR IDILLON COED (HL) 0011 Eax York Stock Ezahaage 01/18/2011 31.94000 31.19000 H/L 01/11/1031 31.45000. 30.84000 R/L 31.355000 13,858.91 4) 35906A108 99 PEOETIER C090lOEICATI0E8 COAP (PTA) COM Eex York Stock Euhaaga 01/18/1011 9.46000 9.36000 R/L 01/11/1011 9.46000 9.19000 R/L 9.367500 917.38 5) 693517106 ll1 PPL COAP (PPL) C09[ Eax Tork Stock lbschange 01/18/1011 15.10000 24.93000 E/L 01/11/1011 1s.llooD 1l.eaooo H/L 25.005000 3,550.71 6) 749121109 254 axEET C09MOEICATI0918 IETL 71iC (p) COY Eex York Stock Exchange 02/18/1011 6.96000 6.71000 R/L 01/12/1011 6.73000 6.51000 R/L 6.717500 1,708.79 Divs 0.08 Bx: 03/16 Aecs 01/18 Pays 02/ 15/11 10.71 7) 92343V10! 414 YERIZOR C0101DEICATIOE8 IEC (VZ) 0091 Eew York Stock Esohaage 02/18/2011 36.81000 36.17000 H/L 01/11/2011 36.31000 35.85000 H/L 36.311500 15,033.38 8) 91857x109 315 VODIIPOEH fSRODP PLC EEx (VOD) 8POE8 ADR liEx Eex Tork Stock Exchange 01/18/2011 29.75000 19.46000 R/L OZ/11/ton 19.27530 18.67060 R/L 19.188975 9,116.09 9) 949746101 189 xELLB PAA00 a CO IDM (NPC) C011 Eex Yosk Stock Exchange 01/18/1011 33.07000 31.34000 9/L 01/21/1011 31.14000 31.13000 R/L 31.195000 6,084.86 Div: 0.05 Exs 01/02 Aecs 02/04 Pays 03/01/11 9.45 Page 1 Please nee the Llwl gaga !OS IIOTDATAET Si1PO1a1J1TIOE AEOV! TEE EETATB VALDATIOE REPORT. ~ xell• Pargo Advisors does not reader tax or legal advice. I! you have any queatioaa please eoasult with your.taz and legal advisors. xella Pargo Advisors is the trade saw wed by three separate registered broker-dealsrss Nell^ Pargo Advieora, LLC, Nalle Fargo Advisors Piaaacial Eetrork, LLC and walls 7srgo Inveetaonts, LLC, Itesnbass BIPC, aoa-basilc alfiliataa of M~11^ Pargo a Caaspaay. Data of Daathr 02/21/2011 valwtioa Dater 02/21/x011 Pmcsssiag Dater 04/28/2011 8haru Security Ideatilier or Par Description High/Aik Low/Did 10) 27824L504 1000.777 EATOE' VAIICE Mm18 TR (EVP11I) PA MOE IECH 8 _ Mutwl Mnd (as quoted by EABDAQ) 02/10/2011 8.84000 ltkt 11) 27826L280 1573.97 EATON VAMCE MONE TR (ETPAI) PA 4011 TECH A Mutwl Pwd (as quoted by EABDAQ) 02/18/2011 8.54000 Mkt 12) 013904305 72 ALGTEL-COGENT (ALO) ePOlreonm Aax Eew York Stock Exehaage 02/16/2011 5.09000 07/22/2011 4.98000 R/L 4.90000 4.74000 R/L 13) 8362B4VY7 7BD00 STATE EE I1iDIA EEE YORE E! Financial Times Iataractiva Date DTDr 09/17/2010 Matr 03/17/2011 0.4~ Estate of: Ernest T. Shaw Accowtr -9454 and -9941 Report Typer Date of Death Number of Securities: 15 Pile ID: 8har9454,Ernaet005375 Mean and/or Security Div and Int Adjustments Value Accruals 8.840000 8,846.87 8.540000 13,4{1.70 4.927500 354.78 02/18/2011 100.00000 Mkt 02/22/2011 loo.ooeoo Mkt Iner o9/17/solo toot/21/2011 loo.ooooo0 14) MOART 1476.72 CAGE AED MONEY MAREET 1S) CABR 34500.96 REBOOxCE ACCDONT -9941 CABR AND MONEY MARESP Total Yaluel Total Accraalr Totalr ;194,953.29 7e,oeo.oo 134.33 1,476.72 34,500.98 ;194,789.19 ;164.10 Page 2 ~ Pluu see the Liaal page for L~ORTANT IEPORMATioE ABOOT THE ESTATE VALOATION REPOxT. Halle Pargo Advisors does sot reader tax or legal advice. If you bare say questions plats• consult with your tax and legal advisors. Nalis Pargo Advisors ie the trade aama wad by three separate registered broker-dealerss wells Pargo Advisors, LLC, wells Pargo Advisors Piaaacial E~twork. LLC and Hells Pargo investments, LLC, Members BIPC, non-bask aLfiiiates of wells largo c Coapany. Date of Death: 03/41/2011 Valuation Date: 04/71/4011 Processing Date: 0!/28/2011 Portfolio Endaotea IMPORTAxT IxPOREATIOx AHODT TAE ESTATE VALDATIOE REPORT Estate oft 8raast T. Shaw Aecoaat: -945! and -9911 Report Type; Date of Death Aumbar of Securities: 15 File ID; 8haw9l5l,Ernest005375 Tha inlormatioa is this Estate Valuation Report (ralaraaeed below as the Aapost) is based on the Estate Valuation xorksbaat provided to ue Dy the Financial Advisor requesting the Rapore. xe have oot uud client etateaats, internal aacouatiaq data, or say other resources to lndepandaatly verify the identity or quantity o! securities held, the date of death, or the alternate valuation date, if applicsble. The Report uy iaolude assets that you currently hold awy lrom our lira, which may or may not be identified as being held awy. Information oa asaeta held awy from xeils Pargo Advisors ws provided by you sad may not be covered by SIPC. xells Pargo Advisors makes no zepreeentation with respxt to accuracy of information on outside holdings. Ia moat cases, w use Estate Val, ^ valuation sad pricing program, to provide information oa the value o! seduritiea on eh. ragnested data. Estate val sofewra is provided by Eatata valuatioaa a Pricing systems, Inc., (svP), a third-party vendor unrelated to wells Pargo Advisors. Tha priaiaq sad wlnatioas generated by SVP era 8erived lrom sources it believes to be reliable, but the accuracy aa8 completeness o! thin information is not guaranteed. Depending on hor the Report will be used, the pricing generated by EVP For soma securities may warrant addieioaal consideration. Oeers may want to supplement or adjust Che values provided for certain types o! securities. Por examples - erokarad Certificates o! Deposit, sad eartais bonds, may possess a death put feature. EVP provida^ a value which does not aoaount !or the pouibility that a auecessor owsr may bs able to put the security back to the iuuer at par, upon the death o! the original over. - Treasury Inllatioa Protection securities (TIPS) era often not ideatiliad as such is the Report, eo the inflation factor may not be retlectad in the value sad accrued interest show. - Variable race auatioa securities may be reported by SVP at par, without rellectiaq accrued interest or market conditions. Other typos of variable rste securities may not reflect aearned interest. - Accrued dividends are not reflected for smtaal funds with daily dividend accruals. The databases wad by EVP do not aacompses all markets or types of investments. Por a:ample, Eatata Val does not provide valuation data on iavestmeats such as annuities, equity options, limited partaerahips, or managed futures funds, among others. If the Piaaacial Advisor is able to obtain pricing or valuation data from other sources with respect to such iavestmeats, w may include that data is the AapOrt !or informational sad eoaveaieaee purposes. xe will identify such investments is the Report. xa do nos audit or independently verily the data provided to us, sad make ao represeatatioaa as to the accuracy or completeness o! information provided to w by others. Thin Report does not is nay way supersede the ialormatioa contained in olieat statements sad trifle coafirmatioas, which era the official record o! account positions and activity. xe make ao representations chat the iaforsiatioa eoataiaad is this Report is suitable for any particular purpose. It is the responsibility o! the client, together with his or her tar sad legal advisors, to determine the appropriate information to include on nay tax return, inventory, or other accounting. Page 3 • Please see the Baal page for IIBOATAxT IxPORYATIOE AEOOT THE ESTATE VALIIATIOE REPORT. + Nell^ Pargo Advisors doaa not reader [ax os legal adviw. I! you haw aay,quaationa please consult with your tax sad legal advisors. xelle Pargo Advisors is the trade name used by three separates registered broker-dealers: x~lls Fargo Advisors, LLC, Malls Pargo Advisors Financial EsEwork, ISaC tad xells Pargo Invea'meats, LLC, xembers BIPC, non-bank alfiliates o! Mall^ Pargo a Company. v. v~.•[.VL1 ti.vJ.vY H!'1 YHIIC. 1/UVL rax server Rdmv~oe I!} 3324479 Waohovia Bank Balance ConBraution 3ervias P O Baal 40028 Raanoloe, VA 24022 March 31, 2011 BANGS LAW OFFICE? r~ SUBJECT': Veti~tiaa / Caef m~a dA~cowet and Balaeae Iafa~tion prided for: CLrtoerer, P.RNE3T T SHAW ISSN ]~C-7~~52) Date of Death: Pebrl,ar~ 21, 2011 AO0D1~ Aooovet AdeofAarb ArwgeBalmoe Are Mph hletat Acaeed YTD Dek ~ i~ Halms ~d llee Rale Idee1 ieMrat Paid closed 7i0CXXJDDD~D@114 $IT,~QZ.'16 12t30d1980 $0.07 $1.39 3!7/2011 1~aAl.~; rl~asTTSllaw aacllAt~.x s11Aw POA cLOanva a+t +NCS: $1a3s3.w Other Aropu>rt info» :~- x~ Are ~'Ba1mae Are l,ed~ Cblleetad Are ~d aeaea xxr~sl Elrtc- Yav 1eMluratLsbamfommledblhe bmkalired bekn-aod m7t&dbwa~ly. wnltAiu AVr+an * ®Sa0-J03-5874 7~7~iu 13R1C - Yov legned L bem fmalded b Ac 6eokerlired bebw and vn'll IbOow sepQaleely. wl[IIAM AVBRIIL /~ 800.J03-5874 CAPS 7QCPODIX4TpT 13RK - Yaar aegaer br Gem Yawedcdbffie bro>oer Hied below ad reilltbllow aepotely. N"11IlAAf AVAaD1, ®800.303-587 Pape 1 of 2 _• ••.~• •••••. .. +svv.vZ nC. rnvi:. 4/ VVG rax server iEe4amoe IIT. 9354979 No 8afr Depoot Box fowd fv oe~mc- ~ DRO ddeeth 6deoe doe qp~ ICdOda ernrd stauL • if ~C~'dIM nmuesma ~Of ~ ~L1~ ~ d~~~ IDtii~llJ~I~f ~ WaOlOdldlfioa~tllltee pmpd, } k~~s~~ Servica~ter As~oeiate Phone'(540)i63-7373 .le;.is ~~~~ ~ot~iai6r~' ab 1Vd ~~~~N~('ALA.11a1Sgd'bLt~eeripiriaao6®d6ythsaorae~beamiral~wLyllj~l~uiy~~m. w.u~ ~ ~~~+~b~fO.ff~PO~i~~~~~t~1Y~~.~11C0~~.~'r"'w~~l~ advV.~Faosmtwpsr`ii,~ ~~o.°~'+.rs.~.7fc~ier.s.~v,rm.ied~.WSJ.~s~nd8~aio~etheedia.d~.idpkae...~ ap 7ti.idm~a. Y ~dpiet YL.~,p.~ biois'~,8e~wd.asdlaY wa. Fige IrmL lm ed di~daeead®dAieidotmfien676e~m~tarlnmtAelwa~tl7~he~mpimtda~aresm~4~~bm~e~~ ~~°ti°~lframme w.aa.;.Bet+ad wahei Bet dnalma ee ~ dwei4 Fqn eek, N.A Pia 2 of 2 ~x I~fi ~~~/~y I, ERNEST T. SHAW, of Dauphin County, Pennsylvania, declare this to be my last will and revoke any will previously made by me. ITEM I. I direct that all my just debts and funeral expenses; including my gravemarker and all expenses of my last illness, and any and all taxes and assessments imposed by any governmental body as a result of my death, whether on property passing under this will or otherwise, shall be paid from my residuary estate as soon as practicable after my decease as a part of the expense of the administration of my estate. ITEM II. I give and bequeath all of my household goods, automobiles, jewelry, and all other articles of household and personal use, equipment and ornament, together with all insurance thereon and relating thereto, to my wife, JANE N. SHAW j~rovided she survives my death by thirty (30) days. Should my wife predecease me or be deceased on the thirty-first day after my death, I give and bequeath all such items and insurance thereon to my son MICHAEL H. SHAW provided he survives my death by thirty (30) days. ITEM III. I give, devise, and bequeath all the rest, residue, and remainder of my possessions and estate of every nature and wherever situate to my w~'e JANE N. SHAW provided she survives my death by thirty (30) days. Should my wife predecease me or be deceased on the thirty-first day after my death, I give, devise, and bequeath all the rest, residue, and remainder of my possessions and estate of every nature and wherever situate to my son MICHAEL H. SHAW provided he survives my death by thirty (30) rays. ITEM IV. All of the interests of the beneficiaries hereunder shall not be subject to anticipation or to voluntary or involuntary alienation nor shall they be subject to any execution or attachment. ITEM V. I appoint my son MICHAEL H. SHAW executor of this my last will. ITEM VI. In addition to the other powers and authorities granted to my personal representatives by Pennsylvania law and by the other terms and provisions of this will, I hereby give to my personal representatives the following powers and authorities effective without court approval and until actual distribution of all property: to compromise any claim or controversy; to make distribution in cash or in kind, or partly in cash and partly ii1 kind, and in such manner as my personal representatives may determine and at valuations finally to be fixed by them; to invest in all forms of property, including any stock or other securities in any corporate fiduciary or its successor without restriction to investments authorized for Pennsylvania fiduciaries, as my personal representatives deem proper, without regard to any principle of risk or diversification; to retain any or all assets of my estate, real or personal, without regard to any principle of risk or diversification; to sell at public or private sale, to exchange, or to lease for any period of time, any real or personal property and to give options for sales, exchanges, or leases, for such prices and upon such terms or conditions as my personal representatives deem proper; and to allocate receipts and expenses to principal or income or partly to each as my personal representatives deem proper in their sole discretion. ITEM VII. I direct that my personal representatives and fiduciaries shall not be required to give bond for the faithful performance of their duties in any jurisdiction. 2 IN WITNESS WHEREOF, I have hereunto set my hand this a~~~ day of ~~ uv~..~ , 2007. ~~~~~ ERNEST T. SHAW J The preceding instrument, consisting of this and THREE other typewritten pages, each identified by the signature of the testator was on the date thereof signed, published, and declared by ERNEST T. SHAW, the testator therein named, as and for his Dist will, in the presence of us, who at his request, in his presence, and in the presence of each other, have subscribed our names as witnesses hereto. ~.',~~-- 4 COMMONWEALTH OF PENNSYLVANIA ) ( SS: COUNTY OF CUMBERLAND ) The undersigned, being the testator whose name is signed to the attached or foregoing instrument, having been duly qualified according to law, does hereby acknowledge that I signed and executed the foregoing instrument as my last will, that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. ERN~SHA W Sa•arn or z~rmed to d acknowledged befor. m y the s r a ed above NotarV~ ser 6YendyK straub, NotaryPu6lc tower glen ~., ~'~ CaxKy My ComnlScJon E~Ires May 10, 2011 Pennsylvania Assoclatlon of COMMONWEALTH OF PENNSYLVANIA ) ( SS: COUNTY OF CUMBERLJAND ) WE, ~~~ t 1 ,~ -~ and ~ ~ ,; "~ ~ , ~ ,the witnesses whose names are signed to tree attached or foregoing instrumen ,being duly qualified according to law, do depose and say that we were present and saw the testator sign and execute the instrument as his last will; that he signed it willingly and that he executed it as his free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the testator signed the will as witnesses; and that to the best of our knowledge, the testator was at that time 18 or more gears of age, of sound mind, and under no constraint or undue influence. acknowledged _ day of 2007. Notarlat seal K s>~, Notary PutNc tAwar Allen Txp., C1inb9rtarb Cgirty My Corrrr~~bn E~ires May 10, 2011 lnnsylvanla Assodatlon of Noterii