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HomeMy WebLinkAbout11-30-11~ r,~~~7~3Z.~b DECEDENT'S ESTATE ~ na `~ ~© -- ~~ ~ ~- ~ ~~, COURT OF COMMON PLEAS OF ~ ~ ~`~.-' ° ~. ~n0 CUMBERLAND COUNTY, PENNSYLVANIA ~ o -n ~„ ~ `__, ~~ _ ;._ -r ORPHANS' COURT DIVISION ~, ~ ~? ~= ~' " ~_ ESTATE OF ELIZABETH T. TREGO ,DECEASED No. 21-10-1215 PETITION FOR ADJUDICATION 1 STATEMENT OF PROPOSED DISTRIBUTION PURSUANT TO Pa. O.C. Rule 6.9 This form may be used in all cases involving the Audit of the Account of a Decedent's Estate. If space is insufficient, riders may be attached. Attach the spouse's election, if any; the papers required under items 8-19 inclusive; and any instrument pertinent to the adjudication. INCLUDE ATTACHMENTS AT THE BACK OF THIS FORM. Name of Counsel: No V. Otto III, Esq. Supreme Court I.D. No.: 27763 Name of Law Firm: Martson Law Offices Address: 10 East High Street, Carlisle, PA 17013 Telephone:-(717) 243-3341 Fax: 717 24 -1850 Form OC-01 rev. 10.13.06 Page 1 of 10 Estate of ELIZABETH T. TREGO Deceased 1. Names} and address{es) of Petitioner(s): Nome: James T. Trego Address: 733 Florence Circle Mechanicsburg, PA 17050 Identify any executors or administrators who have not joined in the Petition for Adjudication and Statement of Proposed Distribution and state reason: Is this the first accounting by this fiduciary? ..................... ®Yes ®No If not, identify. prior accountings, the accounting periods covered, and the date of adjudication of the prior accounting. 2. Decedent died on 12/0412010 ® Letters Testamentary or ®Letters of Administration were granted to Petitioner(s) on 12/10/2010 Date of Will (applicable): 10/09!1991 Dates} of Codicil(s) (f applicable): 10!28!1991; 07/06/1995 Date of probate (different from date Letters granted): Was a bond required? (,'Yes m No If yes, state amount: Are proofs of advertising of the grant of Letters attached? ......... ~ Yes ®No Dates of advertising of the grant of Letters: The Sentinel: 0?!12/19/26/2011 Cumberland Law Journal: 07/15/22/29/2011 Form oc-o~ rev. ~0.~3.06 Page 2 of 10 Estate of ELIZABETH T. TREGO Deceased - 3. Was decedent survived by a spouse? ............................. ®Yes ®No If yes, name of the surviving spouse: 4. Has the surviving spouse filed to take an elective share? ............. ^Yes ^ No (deg Section 2201 et s_g. of the Probate, Estates and Fiduciaries Code) If yes, date of election: 5. In the case of an intestacy, state the names of the decedent's surviving children or surviving issue of deceased children (f none, so state): N/A 6. Did decedent marry after execution of Will or Codicil(s)? ........... ^Yes ®No Were any children born to decedent after execution of Will or Codicil(s)? ........................................... ^Yes m No If yes, give names and dates of birth: Name: Date of Bzrth: 7. If required by the Medical Assistance Estate Recovery Act, 62 P.S. § 1412, was a request for a statement of claim sent to the Department of Public Welfare? .............................. ®Yes ®No Form oaol rev. io.rs.o6 Page 3 of 10 Estate of ELIZABETH T. TREGO Deceased 8. Written notice of the Audit as required by Pa. O.C. Rules 6.3, 6.7 and 6.8 has been or will be given to all parties in interest listed in item 9 below, all unpaid creditors and all claimants listed in item 10 below. In addition, notice of any questions requiring Adjudication as discussed in item 14 below has been or will be given to all persons affected thereby. A. If Notice has been given, attach a copy of the Notice as well as a list of the names and addresses of the parties receiving such Notice. B. If Notice is yet to be given, a copy of the Notice as well as a list of the names and addresses of the parties receiving such Notice shall be submitted at the Audit together with a statement executed by a Petitioner or counsel certifying that such notice has been given. C. If any person entitled to Notice is not sui juris (e.g., minors or incapacitated persons), Notice of the Audit has been or will be given to the appropriate representative on such party's behalf as required by Pa. O.C. Rule 5.2. D. If any charitable interest is involved, Notice of the Audit has been or will also be given to the Attorney General as required under Pa. O.C. Rule 5.5. In addition, the Attorney General's clearance certificate (or proof of service of Notice and a copy of such Notice) must be submitted herewith or at the Audit. 9. List all parties (charitable and non-charitable) of whom Petitioners} has/have notice or knowledge, having or claiming any interest in the estate as beneficiaries under the Will or Codicil(s) or as intestate heirs if there is a complete or partial intestacy: A. State each party's relationship to the decedent and the nature of each party's interest(s): Address James T. Trego 733 Florence Circle Mechanicsburg, PA 17050 Son IncomelPrincipal Beneficiary under Trust Form OC-Ol rev. 10.73.06 Page 4 of 10 Estate of ELIZABETH T. TREGO _ _, Deceased B. Identify each party who is not sui juris (e.g., minors or incapacitated persons). For each such pazty, give date of birth, the name of each Guazdian and how each Guardian was appointed. If no Guardian has been appointed, identify the next of kin of such parry, giving the name, address and relationship of each. C. State why a Petition for Guazdian/Trustee Ad Litem has or has not been filed for this Audit (see Pa. O.C. Rule 12.4). D. If distribution is to be made to the personal representative of a deceased party, state date of death, date and place of grant of Letters and type of Letters granted. Form OC-Ol rev. 10.13.06 Page 5 of 10 Estate of ELIZABETH T. TREGO Deceased 10. Other than the claim for the family exemption, list the names of all known claimants and the amount of their claims and state whether each claim is admitted. Name and Address of Each Claimant Amount of Claim Claim Will Claim Admitted? Be Paid I» Full? ^Yes ^Yes ®No ®No ®Yes ^Yes ®No ^ No ®Yes ^Yes ®No ^ No ^Yes ^Yes ®No ^ No If the estate is insolvent, attach a schedule setting forth the order of preference under 20 Pa.C.S. § 3392 and the proposed payments. 11. Was family exemption claimed? .......:........................ ®Yes ®No Was family exemption allowed? ................................ ^Yes ®No Family exemption claimant's name and relationship: Name: Relationship: Form OC-01 rev. 10.13.06 Page 6 of 10 Estate of ELIZABETH T. TREGO Deceased 12. The amount of Pennsylvania Transfer Inheritance Tax and additional Pennsylvania Estate Tax paid, the date(s) of payment(s), and the interests} upon which paid, are as follows: Date Payment Interest 03/04/11 17,824.50 13. On the date of death, was the decedent a fiduciary (personal representative, trustee, guardian,- agent under power of attorney) or surety on the bond of a fiduciary? ................... ^Yes m No If yes, provide the name of the estate, indicate whether an account has been filed and confirmed absolutely and all awards performed, or, in the alternative, how the decedent's estate will be discharged for the decedent's fiduciary administration of the estate. 14. A. Describe in detail any questions requiring adjudication and state the position of the Petitioner(s) as to each question: N/A B. Has notice of the question requiring adjudication been given to the parties identified in Pazagraph 9 above? .................. ^Yes ^ No 15. If Petitioner(s) has/have knowledge that a share has been assigned, renounced, disclaimed or attached, provide a copy of the assignment, renunciation, disclaimer or attachment, together with any relevant supporting documentation. Form oc of ,.10.13.06 Page 7 of 10 Estate of ELIZABETH T. TR.EGO Deceased 16. Had the decedent been adjudicated an incapacitated person? .......... ~ Yes ®No If yes, attach a copy of the Order if available; otherwise state the Court, term, number, date, and name of Hearing Judge. 17. A. List or attach a separate list of additional receipts and disbursements since the closing date of the Account. N/A B. Has notice of the additional receipts and disbursements been given to the parties identified in Paragraph 9 above? ............. ^Yes ^ No 1 S. If a reserve is requested, state amount and purpose. Amount. 11,500.00 P"'~°se: Attorney fees and miscellaneous administration expenses If a reserve is requested for counsel fees, has notice of the amount of fees to be paid from the reserve been given to the parties in interest? ........................................ ®Yes ^No If so, attach a copy of the notice. 19. Is the Court being asked to direct the filing of a Schedule of Distribution? .......................... Yes ^ No As to real estate only? ........................................ ®Yes ®No Form OC-01 rev. 10.13.06 Page 8 of 10 Estate of ELIZABETH T. TREGO Deceased Wherefore, your Petitioner(s) ask(s) that distribution be awarded to the parties entitled and suggest(s) that the distributive shares of income and principal (residuary shares being stated in proportions, not amounts) are as follows: A. Income: Proposed Distributee(s) No V Otto III, Trustee Under Agrmt dtd 6/13/08 B. Principal: Proposed Dtstributee(s) No V Otto III, Trustee Under Agrmt dtd 6!13/08 Amount/Proportion 100% Amount/Proportion 100% Submitted By: (All petitioners must sign. Add additional lines if necessary): ~v~ Name o etitioner: James T. ego Name of Petitioner: Form OC-01 rev 10.13.06 Page 9 of 10 Estate of ELIZABETH T. TREGO Verification of Petitioner (Verification must be by at least one petitioner.) Deceased The undersigned hereby verifies * [that he/she is title of the above-named name of corporation and] that the facts set forth in the foregoing Petition for Adjudication /Statement of Proposed Distribution which are within the personal knowledge of the Petitioner are true, and as to facts based on the information of others, the Petitioner, after diligent inquiry, believes them to be true; and that any false statements herein are made subject to the penalties of 18 Pa. C.S. § 4904 (relating to unsworn falsification to authorities). Signature of Petitioner * Corporate petrtloners must complete bracketed fnjormation. Certification of Counsel The undersigned counsel hereby certifies that the foregoing Petition for Adjudication/ Statement of Proposed Distribution is a true and accurate reproduction of the form Petition authorized by the Supreme Court, and that no changes to the form have been made beyond the responses herein. Signature of Counsel for Petitioner Form oc-01 rev. ~o.ls.o6 Page 10 of 10 PROOF OF PUBLICATION State of Pennsylvania, County of Cumberland Tackie Cox, Sales Director, of The Sentinel, of the County and State aforesaid, being duly sworn, deposes and says that THE SEN'T'INEL, a newspaper of general circulation in the Borough of Carlisle, County and State aforesaid, was established December 13,1881, since which date THE SIIVT'I1VEL has been regularly issued in said County, and that the printed. notice or publication attached hereto is exactly the same as was printed and published in the regular editions and issues of THE SENTINEL on the following day(s): Tuly 12, Tuly 19 and Tuly 26, 2011 COPY OF NOTICE OF PUBLICATION Affiant further deposes that he/she is not interested in the subject matter of the all allegations in the foregoing statement as to time, place and character of publication are e. Notary Public My commission expires: NOTARIAL SEAL BAMBtANN NECKENOORN Notary Public CARLISLE BOROUGH, CUMBERLAND CNTY My Commission Expires Jan 27, 2014 PROOF OF PUBLICATION OF NOTICE IN CUMBERLAND LAW JOURNAL (Under Act No. 587, approved May 16, 1929), P. L.1784 COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND ss. Lisa Marie Coyne, Esquire, Editor of the Cumberland Law Journal, of the County and State aforesaid, being duly sworn, according to law, deposes and says that the Cumberland Law Journal, a legal periodical published in the Borough of Carlisle in the County and State aforesaid, was established January 2, 1952, and designated by the local courts as the official legal periodical for the publication of all legal notices, and has, since January 2, 1952, been regularly issued weekly in the said County, and that the printed notice or publication attached hereto is exactly the same as was printed in the regulaz editions and issues of the said Cumberland Law Journal on the following dates, viz: July 15, July 22, and July 29, 2011 Affiant further deposes that he is authorized to verify this statement by the Cumberland Law Journal, a legal periodical of general circulation, and that he is not interested in the subject matter of the aforesaid notice or advertisement, and that all allegations in the foregoing statements as to time, place and chazacter of publication aze true. ~---- sa Marie Coyne ditor -SWORN TO AND SUBSCRIBED before me this 29 of July. 2011 Notary 'Prep. »em ~'., dec'ti. Lie d ~tth N~ddtetea Town- Executor: James Todd Trego c/o Martsari I.aw Offices, l0 East Iii ~ .~,~,.~ 9trset. C,~rlia~a, PA 17013. I NOTARIAL SEAL. AtGer ~'e~' t3tto, ~~ Ea~uire, DEBORAH A COLLINS 1lterteaa 1.ew ~~' Notary Public CARIISIE BOROUGH, CUMBERLAND COUNTY My Cgmmi==lon Expl~ea Apr 28, 2014 IN RE: IN THE COURT OF COMMON PLEAS OF ESTATE OF ELIZABETH T. TREGO, DECEASED :CUMBERLAND COUNTY, PENNSYLVANIA LATE OF SOUTH MIDDLETON TOWNSHIP, CUMBERLAND COUNTY, :ORPHANS' COURT DIVISION PENNSYLVANIA N0.21-i0-1215 NOTICE OF FILING FIRST AND FINAL ACCOUNT AND PETITION FOR ADJUDICATION/SCHEDULE OF PROPOSED DISTRIBUTION AND CALL FOR AUDIT OR CONFIRMATION NOTICE IS HEREBY GIVEN that JAMES TODD TREGO, Executor of the Estate of ELIZABETH T. TREGO, deceased, has this date filed the First and Final Account and Petition for Adjudication/S~hedule of Proposed Distribution in the above-captioned Estate in the Office of the Clerk of the Orphans' Court in and for Cumberland County, Pennsylvania, where the same is filed as public record and may be inspected. .Copies of the Account and Petition are enclosed for your information. YOU ARE FURTHERNOTIFIED that any exceptions or obj ections to said Account or Petition must be filed in writing at the office of the Clerk of the Orphans' Court, Cumberland County Courthouse, Carlisle, PA 17013, aforesaid prior to the confirmation of said Account and Schedule of Proposed Distribution scheduled as set forth below. UNLESS written exceptions or objections are filed prior thereto, said Account will be presented by the Clerk of the Orphans' Court to the above-captioned Court in Court Room No. 1 of the Cumberland County Courthouse, Cazlisle, Pennsylvania, at 9:30 a.m. prevailing time, on Tuesday, January 10, 2012, at which time said Account will be confirmed and distribution ordered in accordance with the Petition for Adjudication/Schedule of Proposed Distribution. SON LAW OFFICES Date of Notice: 11 ` 3 Q ~ ~ 1 NOTICES TO: James Todd Trego 733 Florence Circle Mechanicsburg, PA 17050 No V. Otto III, Esquire (Trustee) Maztson Law Offices 10 East High Street Cazlisle, PA 17013 By.~v V~11 ~~ No V. Otto III, Esquire 10 East High Street Carlisle, PA 17013 (717) 243-3341 Attorney for Estate of Elizabeth T. Trego f:\files\forms\estates\account.estate.xls IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PA ORPHANS' COURT DIVISION ,., FILE N0.21-10-1215 ~~~ c ~~' ~,' FIRST AND FINAL ACCOUNT ~ "' ~ ° `~=' t , ~ OF JAMES TODD TREGO, EXECUTOR OF THE ESTAT~~ ~~ ~ .= ,~ OF ELIZABETH T. TREGO, DECEASED ~~ LATE OF SOUTH MIDDLETON TOWNSHIP, ~' ~-~ `"~ CUMBERLAND COUNTY, PENNSYLVANIA DATE OF DEATH: 12/04/10 DATE OF EXECUTOR'S APPOINTMENT: 12/10/2010 ACCOUNTING FOR THE PERIOD: 12/04/10 to 10/28/11 Purpose of Account: James Todd Trego, Executor, offers this Account to acquaint interested parties with the transactions that have occurred during the Administration. *The account also indicates the proposed distribution of the estate. It is important that the Account be carefully examined. Requests for additional information, questions or objections can be discussed with: No V. Otto III, Esquire MARTSON LAW OFFICES 10 East High Street Carlisle, PA 17013 (717) 243-3341 Supreme Court No. 27763 Page 1 SUMMARY OF ACCOUNT ""Proposed Distribution to Beneficiaries PRINCIPAL Receipts Disbursements: Debts of Decedent Administration Expenses Federal and State Taxes Fees and Commissions Balance before Distributions Distributions to Beneficiaries Principal Balance on Hand For Information: Changes in Holdings IN E Receipts Disbursements Balance before Distributions Distributions to Beneficiaries Income Balance on Hand COMBINED BALANCE ON HAND Fiduciary Acquisition Paces Current Value Value g X16_911.35 s16_ .35 3~ 1,109,078.54 5 1,298.16 5 2, 735.86 5 18,062.50 5 20,500.00 42,596.52 1,068,482.02 5-6 1,049,570.67 g 16,911.35 6 7$ 8,853.62 g 0.00 8,853.62 g 8,853.62 8 0.00 Page 2 16,911.35 PRINCIPAL RECEIPTS Fiduciary Fiduciary Acquisition Acquisition Assets listed in Inventory/Inheritance Tax Return: Value Value Bonds 10,000.00 Berks Co PA Mun, Mat: 05/15/2018 5.7% (084538EZ6) 9,545.05 Accrued Interest 30.08 45,000.00 Berks Co PA Mun, Mat: 10/01/2012 4.3% (084536GH8) 44,267.06 Accrued Interest 338.63 40,000.00 CNA Finl Corp, Mat: 11/15/2023 7.25% (126117AE0) 42,976.14 Accrued Interest 153.06 25,000.00 Clarion Co PA IDA, Mat: 07/01/2039 4.625% (18051VAR2) 19,239.25 Accrued Interest 491.41 20,000.00 Cumb Co Mun, Mat: 01/01/2018 4.625% (230614FC8) 19,395.80 Accrued Interest 61.67 10,000.00 Cumb Co Mun Impt, Mat: 12/01/2022 5% (2306146P3) 9,719.10 Accrued Interest 4.17 25,000.00 Genworth Finl, Mat: 06/15/2034 6.5% (37247DAB2) 21,569.23 Accrued Interest 762.85 10,000.00 Hanover PA Pub SD, Mat: 03/01/2023 4.2% (41115MDL8) 10,079.98 Accrued Interest 108.50 20,000.00 Lancaster Co Hosp Auth, Mat: 03/15/2036 4.5% (514045YK3) 18,178.70 Accrued Interest 197.50 - 10,000.00 Middletown PA, Mat: 01/01/2032 4.75% (596842AK0) 9,464.5 Accrued Interest 201.88 15,000.00 Montgomery Co IDA, Mat: 11/15/2036 4.5% (61360PAX8) 11,698.73 Accrued Interest 35.63 25,000.00 Mont Co IDA, Mat: 11/15/2028 5.25% (61360PAV2) 23,008.00 Accrued Interest 69.27 10,000.00 Northampton Co Hosp, Mat: 08/15/2028 5.375% (66353RAG9) 9,959.70 Accrued Interest 162.74 10,000.00 PA High Edl, Mat: 07/01/2031 4.625% (70917RDV4) 8,481.88 Accrued Interest 1 ~•~ 35,000.00 PA High Edl, Mat: 07/01/2031 4.75% (70917N5U4) 29,726.11 Accrued Interest 650.78 20,000.00 PA Tpk, Mat: 12/01/2030 5% (709223NP2) 20,295.60 Accrued Interest 8.33 25,000.00 Phila Hosp, Mat: 07/01 /2037 4.5% (717903022) 22,619.88 Accrued Interest 478.13 20,000.00 Roanoke VA IDA, Mat: 12/01/2025 6% (770090DD7) 17,638.20 Accrued Interest 10.00 5,000.00 Southeast Delco SD, Mat: 10/01/2026 4.3% (841350JM4) 4,898.55 Accrued Interest 37.62 5,000.00 Susquehanna Regl Arpt, Mat: 01/01/2028 5% (86909RAH4) 4,307.35 Accrued Interest 106.25 35,000.00 Union Co Hosp, Mat: 08/01/2034 5% (906460075) 29,290.98 Accrued Interest 597.92 20,000.00 West Shore PA Hosp, Mat: 01/01/2015 5.75% (955817DA6) 20,214.45 Accrued Interest 488.75 Total Bonds 411,766.02 Page 3 Stock 628.236 sh Aim Equity Fds ~ 15.79 (001413103) 3911.372 sh Aim Counselor Ser Tr A @ 15.72 (00142J255) 945.674 sh Aim Tax Ex Fd-A @ 9.23 (001419688) 3093 sh ATBT ~ 28.3725 (002068102) 55 sh Alcatel-Lucent @ 2.920625 (013904305) 800 sh Anadarko Pet Corp @ 69.6825 (032511107) 2300 sh Blackrock Muniyield PA Qlty Fd @ 13.785 (092556107) 1000 sh Blackrock Muni Inc Tr II (a~ 13.50 (09248N101) 400 sh Bristol Myers Squibb (a,~ 25.8325 (110122108) 4281.048 sh DMC Tax-Free Inc Tr PA-A ~ 7.79 (233216100) 128 sh Exxon Mobil cLD 71.2125 (302316102} Accrued dividend 201 sh JPMorgan Chase ~ 39.43 (46625H100) 875 sh National City Cap Tr II 6.625°~ @ 25.05 (635407200) 3987,73 sh Oppenheimer Multi St Muni A ~ 6.9 (683940308) 1200 sh PPL Elec Util @ 24.9844 (69351 U863) 1400 sh PPL Corp @ 25.855 (693517106) 740 sh Public Svc Enterprise Gp @ 31.641225 (744573106) 354 sh Qwest Comm Intl (c~ 7.1175 (749121109) Accrued dividend 913 sh Spectra Energy Corp ~ 24.6775 (847560109) Accrued dividend 360 sh Sunoco @ 39.8575 (86764P109) Accrued dividend 40 sh Zimmer Hldgs @50.0075 (98956P102) .7489.72 sh Janney Adv Ins Sweep Acct @ 1.00 Total Stocks Cash/Bank Accounts Subsequent Receipts: Totaf Principal iReceipts Orrstown Bank, Checking Account #106001624 Orrstown Bank, Savings Account #708002262 Charles R. Todd Trust, accrued income through date of death Genworth Life Insurance, Long-term care insurance, benefit Genworth Life Insuuance, premium refund HMA-Physician Management, refund The Sentinel, refund U.S. Treasury, 2009 tax refund PA Dept, of Revenue, 2010 tax refund 9,919.85 61,486.77 8, 728.57 87,756.14 160.63 55,746.00 31,705.50 13,500.00 10,333.00 33,349.36 9,115.20 56.32 7,925.43 21,918.75 27, 515.34 29,981.28 36,197.00 23,414.51 2,519.59 28.32 22,530.56 228.25 14,348.70 54.00 2,000.30 7,489.72 518,009.09 57,384.35 115,404.32 927.09 4,813.13 72.33 19.72 8.07 386.42 308.00 178,609.01 694.42 1 109 078.54 Page 4 Debts of decedent: 12/15/10 12/15/10 12/21/10 01/18/11 01/18/11 Administration Exaenses: 03/04/11 08/11/11 08/19/11 Reserved Federal and State Taxes: 03/04/11 04/12/11 Fees and Commissions: 08/19/11 Reserved Cumberland/Goodwill Fire EMS, account payable 81.75 Continuing Care RX, account payable 132.08 Cumberland Crossings, account payable 250.10 Diakon Lutheran Social Min., account #0181 825.88 Diakon Lutheran Social Min., account #0253 8.35 1,298.16 Register of Wills, additional probate, filing fee 115.00 The Sentinel, advertising Letters Testamentary 200.16 Martson Law Offices, disbursements: 920.70 Martson Law Offices, disbursements: 1,500.00 2,735.86 Register of Wills, Agent, Inheritance Tax 17,824.50 U.S. Treasury, 2010 income tax 238.00. 18,062.50 Martson Law Offices, attorney fees 10,500.00 Martson Law Offices, attorney fees 10,000.00 20,500.00 Total Principal Disbursements PRINCIPAL DISTRIBUTIONS To: James_Parker Walker 01 /19/11 Cash To: Brian T odd Walker 01 /19/11 Cash To: Elizabet h T. Tres~o Tru s,~ 03/14/11 3093 sh AT&T 55 sh Alcatel Lucent 800 sh Anadarko Pet Corp 2300 sh Blackrock Muni Quality 1000 sh Blackrock Muni Inc Tr II 400 sh Bristol Myers Squibb 128 sh ExxonMobil 201 sh JPMorgan Chase 875 sh National City Cap Tr Pfd 6.625% 1200 sh PPL Elec Util Corp Pfd 6.25% 1400 sh PPL Corp 740 sh Public Service Ent 354 sh Qwest 913 sh Spectra Energy 360 sh Sunoco 40 sh Zimmer Holdings 10,000.00 Berks Co PA Mun, Mat: 05/15/2018 5.7% (084538EZ6) 45,000.00 Berks Co PA Mun, Mat: 10/01/2012 4.3% (084536GH8) 40,000.00 CNA Finl Corp, Mat: 11/15/2023 7.25% (126117AE0) 25,000.00 Clarion Co PA IDA, Mat: 07/01/2039 4.625% (18051VAR2) 20,000.00 Cumb Co Mun, Mat: 01/01/2018 4.625% (230614FC8) 42,596.52 Fiduciary Acquisition Value 10,000.00 10,000.00 10,000.00 87,756.14 160.63 55,746.00 31,705.50 13,500.00 10,333.00 9,115.20 7,925.43 21,918.75 29,981.28 36,197.00 23,414.51 2,519.59 22,530.56 14,348.70 2,000.30 9,545.05 44,267.06 42,976.14 19,239.25 19,395.80 10,000.00 Page 5 10,000.00 Cumb Co Mun impt, Mat: 12/01/2022 5% (230614BP3) 9,719.10 25,000.00 Genworth Finl, Mat: 06/15/2034 6.5% (37247DAB2) 21,569.23 10,000.00 Hanover PA Pub SD, Mat: 03/01/2023 4.2% (41115MDL8) 10,079.98 20,000.00 Lancaster Co Hosp Auth, Mat: 03/15/2036 4.5% (514045YK3) 18,178.70 10,000.00 Middletown PA, Mat: 01/01/2032 4.75% (596842AK0) 9,464.55 15,000.00 Montgomery Co IDA, Mat: 11/15/2036 4.5% (61360PAX8) 11,698.73 25,000.00 Mont Co IDA, Mat: 11/15/2028 5.25% (61360PAV2) 23,008.00 10,000.00 Northampton Co Hosp, Mat: 08/15/2028 5.375% (66353RAG9) 9,959.70 10,000.00 PA High Edl, Mat: 07/01/2031 4.625% (70917RDV4) 8,481.88 35,000.00 PA High Edl, Mat: 07/01/2031 4.75% (70917N5U4) 29,726.11 20,000.00 PA Tpk, Mat: 12/01/2030 5% (709223NP2) 20,295.60 25,000.00 Phila Hosp, Mat: 07/01/2037 4.5% (717903022) 22,619.88 20,000.00 Roanoke VA IDA, Mat: 12/01/2025 6% (770090DD7) 17,638.20 5,000.00 Southeast Delco SD, Mat: 10/01/2026 4.3% (841350JM4) 4,898.55 5,000.00 Susquehanna Regl Arpt, Mat: 01/01/2028 5% (86909RAH4) 4,307.35 35,000.00 Union Co Hosp, Mat: 08/01/2034 5% (906460CT5) 29,290.98 20,000.00 West Shore PA Hosp, Mat: 01/01/2015 5.75% (955817DA6) 20,214.45 Cash 19,235.32 03/15/11 630.831 sh Aim Equity Fds (d315.79 (001413103) 9,961.06 3911.372 sh Aim Counselor Ser Tr A @ 15.72 (00142J255) 61,486.77 945.674 sh Aim Tax Ex Fd-A ~ 9.23 (001419688) 8,728.57 4281.048 sh DMC Tax-Free Inc Tr PA-A ~ 7.79 (233216100) 33,349.36 3987.73 sh Oppenheimer Multi St Muni-A aGa 6.9 (683940308) 27,515.34 Cash 450.00 03/23/11 Cash 72.00 03/31 /11 Cash 253.45 04/01 /11 Cash 958.75 07/27/11 Cash 41,146.38 10/17/11 Cash 50,000.00 various Accrued income to be applied against future receipts 686.79 Total Principal Distributions CHANGES IN PRINCIPAL HOLDINGS AIM Equity Fds 12/04/10 628.236 fiduciary acquisition at 15.79 9,919.85 12/14/10 2.595 reinvested at 15.88 41. 1 630.831 9,961.06 PRINCIPAL ON HAND Martson Law Offices, Escrow Account 16,911.35 1,029,570.67 1 049 570.67 Page 6 INCOME RECEIPTS ATBT 02/01 /11 Dividend 1,329.99 1,329.99 Aim Equity Fds 12/14/10 Dividend 41.21 41.21 Aim Coun Tax Free 01 /04/11 Dividend 219.48 02/02/11 Dividend 219.48 03/02/11 Dividend 219.52 658.48 Aim Tax Exempt 01/04/11 Dividend 43.71 02/02/11 Dividend 43.71 03/02/11 Dividend 43.68 131.10 n rdarko 12/22/10 Dividend 72.00 03/23/11 Dividend 72.00 144.00 Blackrock Muni Quality 12/31 /10 Dividend 197.52 02/01/11 Dividend 175.95 03/01/11 Dividend 175.95 549.42 Blackrock Muni Inc Tr II 12/31 /10 Dwidend 83.50 02/01/11 Dividend 83.50 03/01/11 Dividend 83.50 250.50 Bristol Mvers Squibb 02/01 /11 Dividend 132.00 132.00 Delaware Tax Free 12/27/10 Dividend 121.25 01 /25/11 Dividend 125.91 02/24/11 Dividend 122.91 370.07 Exxon Mobil 03/10/11 Dividend 56.32 56.32 Genworth Financial 12/15/10 Dividend 49.65 49.65 JP Morgan 01 /31 /11 Dividend 10.05 10.05 Og~enheimer Roch 12/31 /10 Dividend 183.48 01 /26/11 Dividend 183.46 02/23/11 Dividend 183.41 550.35 PPL Elec Util Pfd 6.25% 01 /03/11 Dividend 468.75 04/01/11 Dividend 468.75 937.50 PPL COrD 01 /03/11 Dividend 490.00 04/01/11 Dividend 490.00 980.00 Public Service Ent 12/31 /10 Dividend 253.45 03/31 /11 Dividend 253.45 506.90 Qwest Comm Int'I 02/25/11 Dividend 28.32 28.32 Spectra Enerav 03/14/11 Dividend 237.38 237.38 Page 7 03/10/11 Su"~ Dividend 12/17/10 nn Acv Interest 54.00 54.00 12/31/10 01/31/11 interest 0.11 02/28/11 Interest 0.26 03/10/11 tnterest 0.59 03/14/11 Interest 0.65 Interest 0,22 02/15/11 National City Ca 6 25° 0.10 1 93 interest . 02/15/11 Nort amnton o 5 ~750~ 362.30 362 30 tnterest . 01/03/11 Clarion Co_ 4~0~° Interest 106.01 106.01 01/03/11 Cwt mb Co Muni 4 625°/ 86.72 88 72 interest 03/01/11 HanOVer PA P. ~ti e~h .., ~ Interest 69.37 69.37 03/15/11 Lancaster o Hncn a poi 101.50 101 50 tnterest . 01/03/11 ~ I t ~- 4•~1s Interest 252.50 252.50 Oi/03/11 =FA 4.62 ° Interest 35.62 35.62 01/03/i 1 P-~I-oher 4 75°0 34.69 34, 69 Interest 01/03/11 Phila Hsn $ Hioh Ed 4 % 114.85 114 85 Interest . 01/03/11 SUSQUehanna Arot 5 0°/ x•37 84 37 Interest . 02/01/11 ni Ho °/ 18.75 18 75 interest . 01/03/11 Wes h r Hs 5.7 ° 277,08 277 08 various Interest . Total Income Receipts M$T Bank, estate account interest through 10/i4/11 86.25 86.25 204.44 t~-~_DISBURSEM~NTS 8,853.62 None INCOME DISTRIBUTIONS 0 QO To: Elizabeth T. Trego Trust 07/27/11 Cash Total Income DtstNbuttons 8,853.62 8 853.62 INCOME ON HANp None _' Ja s Todd Trego, Execut of the Estate of Elizabeth T. Trego Page 8 VERIFICATION James Todd Trego, Executor of the Will of Elizabeth T. Trego, deceased, hereby declares under oath that he has fully and faithfully discharged the duties of his office; that the foregoing First and Final Account is true and correct and fully discloses all significant transactions occurring during the accounting period; that all known claims against the Estate have been paid in full; that, to his knowledge, there are no claims outstanding against the Estate; that all taxes presently due from the Estate have been paid; and that the grant of Letters Testamentary and the first complete advertisement thereof occurred more than four months before the filing of the foregoing First and Final Account. This statement is made subject to penalties of 18 Pa. C.S.A. Section 4904 relating to unsworn falsification to authorities. /Y?~r?J~=- 6 J Todd Trego Dated: 1 ~ 130 f 11 T IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PA ORPHANS' COURT DIVISION FILE N0.21-10-1215 FIRST AND FINAL ACCOUNT OF JAMES TODD TREGO, EXECUTOR OF THE ESTATE OF ELIZABETH T. TREGO, LATE OF SOUTH MIDDLETON TOWNSHIP CUMBERLAND COUNTY, PENNSYLVANIA SCHEDULE OF PROPOSED DISTRIBUTION James Todd Trego, Executor of the Last Will and Testament of Elizabeth T. Trego, deceased, proposes to distribute the balance in his hands, to wit: $16,911.35, in accordance with the said Last Will and Testament as heretofore filed in the Office of the Register of Wilis of Cumberland County, Pennsylvania, as follows: TO: No V. Otto III, Trustee, per Item 2 of said Will: Cash $16,911.35 Total $16,911.35 TOTAL BALANCE FOR DISTRIBUTION: $16,911.35 STATEMENT OF THE REASONS FOR THE PROPOSED DISTRIBUTION The above distribution is proposed in accordance with the Last Will and Testament of Elizabeth T. Trego. ~ .. , Ja Todd Trego, Execu r Swom and subscribed to before me this ~oa-~, day of ~OV~CtV~~OQI" , 2011. ~""~"~ vaura Notary Public ,~ Notary Fubuc ~'~~a•, cumbaiard County ~~ PennsvHaMa Tan. 19, 2014 As9odatbn of Notaries Page 9 F:~FILES~DATAFILE\W [LLSli49S2.000 I, ELIZABETH T. TREGO, of South Middleton Township, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do make, publish and declare this to be a Second Codicil to my Last Will and Testament dated October 9, 1991. 1. Paragraph 4 of my said Last Will and Testament shall be restated as follows: I nominate, constitute and appoint my son, JAMES TODD TREGO, as Executor of my estate. In the event he shall be unable or unwilling to serve in such capacity, then I appoint WILLIAM F. MARTSON, Carlisle, Pennsylvania, as Executor of my estate. In the event both my son, JAMES TODD TREGO, and WILLIAM F. MARTSON shall be unable or unwilling to serve in such capacity, then I appoint IVO V. OTTO III, Carlisle, Pennsylvania, as Executor of my estate. 2. n In all other respects, I ratify and affirm my said Last Will and Testament dated October 9, L~ ~ 1991. O IN WITNESS WHEREOF, I have hereunto set my hand and seal this r!i /~ day of ~~ , 199 ~ ' oSZ~Lt2.. S • (SEAL) Elizabet .Trego SIGNED, SEALED, PUBLISHID AND DECLARED by the above-named Testatrix, as and for a Codicil to her Last Will and Testament dated Elizabeth T. Trego, in the presence of us, who at her request, have hereunto subscribed our names as witnesses thereto, in the presence of the said Testa rix and of each other ~~ ~. ~ ORIGINAI. RETAINED EtY: LAW OFFICES e~(as~son ~aau~oa ~Ni~tams £~ C~o A CORPORATIpN TEN EAST FNGH STREET CARLISLE, PA 17013 (7T7r 2.13~33ti COMMONWEALTH OF PENNSYLVANIA ) SS. COUNTY OF CUMBERLAND I, Elizabeth T. Trego, Testatrix, whose name is signed to the attached or foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed and executed the instrument as a Codicil to my Last Will dated October 9, 1991; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. ~~~ Elizabet .Trego Sworn or affumed to and acknowledged before me by Elizabeth T. Trego, the Testatrix, this la day of ~~,~~ , 199..E Nota Public COMMONWEALTH OF PENNSYLVANIA ) - sea! SS. c eorocwntiertandca~uxv COUNTY OF CUMBERLAND ) hM Commission Expires Jan. 5,1998 We, }!!~-max.-~ ~~ ~'~~~/ ~--C.. ~ . ~~~~~'_-cJ the witnesses whose names are signed to(t~le attached or regoing instrument, being duly qualified according to law, do depose and say that we were present and saw Elizabeth T. Trego, the Testatrix, sign and execute the instrument as a Codicil to her Last Will dated October 9, 1991; that the Testatrix signed willingly and that the Testatrix executed it as her free and voluntary act for the purposes therein expressed; that each of us, in the hearing and sight of the Testatrix, signed the Codicil as witnesses; and that to the best of our knowledge the Testatrix was at that time 18 or more years of age, of sound mind and under no constraint or undue influence. ,c,.,f~ ~~. ~ Address r ~ d ss o~C ~ /3 Sworn or armed to and subscribed before me this ~' ~ day of , 199 ~~~~ -e_. Notary ublic 1Votariat Sea! _ Ca ~e CBao -land County MY Commission Expires Jan. 5,1998 r .~ CODICIL I, ELIZABETH T. TREGO, of South Middleton Township, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do make, publish and declare this to be a Codicil to my Last Will and Testament dated October 9, 1991. 1. Paragraph 4 of said Last Will and Testament shall be restated as follows: I nominate, constitute and appoint WILLIAM F. MARTSON, Carlisle, Pennsylvania, as Executor of my estate. In the event he shall be unable or unwilling to serve in such capacity, then I appoint IVO V. OTTO III, Carlisle, Pennsylvania, as successor Executor. 2. In all other respects, T ratify and affirm my said Last Will and Testament dated October 9, 1991. IN WITNESS WHEREOF, I have hereunto set my hand and seal this day of , 1991. Eliza th T. Trego SIGNED, SEALED, PUBLISHED and DECLARED by the above-named Testatrix, as and for a Codicil to her Last Will and Testament dated October 9, 1991, in the presence of us, who have hereunto subscribed our names at her request as witnesses thereto, in the presence of said Testatrix and of each other. r • 4~ COMMONWEALTH OF PENNSYLVANIA ) • SS. COUNTY OF CUMBERLAND ) I, Elizabeth T. Trego, Testatrix, whose name is signed to the attached or foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed and executed the instrument as a Codicil to my Last Will dated October 9, 1991; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. Eliza T. Trego Sworn or affirmed to and ackn wledged be or me by E.izabeth T. Trego, the Testatrix, this ~~day of ~L.'L~-h 1991. Nota Public COMMONWEALTH OF PENNSYLVANIA ) ~`~~ S S . ~ E. wiser, trctary PubYc CarGete norough. Cuml~1~l.Go~a-t~r COUNTY OF CUMBERLAND ) ~I.y Ccmrr~asias~ Expires a?ec. 23, tsaet : We , Gc. ~ Q _ !~~ ~-- ~- the witness s whose awes are signed to the attached or foregoing instrument, being duly qualified according to law, do depose and say that we were present and saw the Testatrix sign and execute the instrument as a Codicil to her Last Will dated October 9, 1991; that the Testatrix signed willingly and that the Testatrix executed it as her free and voluntary act for the purposes therein exp=eased; that each of us, in the hearing and sight of the Testatrix, signed the Codicil as witnesses; and that to the best of our knowledge the Testatrix was at that time 18 or more years of age, of sound mind and under no co~}straint or undue influence. s Addres Sworn or affirmed to and subscribed before me this ~~day of ~ ~. Notary Public Wrn~My ~, ~ r1- J~Ife d~rNrN ~r~lt~ dAxnbrriand County ~„~1- ~n+ti+rntwion iiExph~s tom. 23, iQgt ORIGINAL RETAINED 6'Y~ q~ LAW OFFICES A CORPORAT!f~ TEN EAST HIGH STREET CARtJSIE, PA i 701: (717) 243.33a~ LAST WILL AND TESTAMENT I, ELIZABETH T. TREGO, of South Middleton Township, Cumberland County, Pennsylvania, being of sound and disposing mind and memory, do hereby make, publish and declare this to be my Last Will and Testament, hereby revoking any and all former Wills or Codicils by me made. 1. I direct that all my just debts, funeral expenses, testamentary expenses and all inheritance taxes (whether such taxes may be payable by my estate or by any recipient of any property) shall be paid from my residuary estate as soon as practicable after (, my decease and as part of the administration of my estate. My Executor shall have no duty or obligation to obtain reimbursement ~~ ,~ for any such tax so paid, even though on proceeds of insurance or other property not passing under this Will. 2. I give, devise and bequeath all of my estate, both real and personal property, to my Trustee under a certain inter-vivos Trust Agreement created on this date naming WILLIAM F. MARTSON Trustee and IVO V. OTTO III as alternate Trustee, to have and to hold, in trust, for the uses and purposes and subject to the terms and provisions thereof. .~~.~ E.T.T. Page 1 of 7 Pages 3. In addition to the powers conferred by case law, by statute, and by other provisions hereof, my Executor and Trustee, and their successors, shall have the following discretionary powers applicable to all property held by them which powers shall be effective without order of any court and shall exist until final distribution: (a) To retain any property of any nature received by them for whatever period they shall deem advisable. This shall include the power to retain my dwelling in the event my son shall desire to reside therein and to retain same for as long as he shall desire to so reside; (b) To invest and reinvest all or any part of said property in such stocks, bonds, securities or other property, real or personal, as in their discretion they shall deem proper, without regard to statutes limiting the property which a fiduciary may purchase; (c} To sell, transfer, exchange or_ otherwise dispose of, any part of said property, for cash cr on terms, publicly or_ pr?vately, or to lease, even for a term exceeding five (5) years or the duration of any trust herein, without liability on the purchasers or lessees to see to the application of the proceeds, and to give ~,~-~. E.T.'_L'. Page 2 of 7 :ages options for these purchases without the obligation to repudiate them in favor of a higher offer; (d) To execute and deliver any deeds, leases, assignments or other instruments as may be necessary to carry out the provisions of any trust hereunder; (e ) To borrow money, including the right to borrow money from any bank and to mortgage or pledge any asset of the estate as security; (f ) To assume continuance of the status of any beneficiary with regard to death, marriage, divorce, illness, incapacity and the like in the absence of information deemed reliable without liability for disbursements made on such assumption; (g) To pay from the trust, or the income therefrom, all debts or claims against my estate, or any taxes or similar charges on my estate; (h) To make any distribution hereunder either in kind or in money, or partially in kind and partially in money. Distribution in kind shall be made at the market value of the property distributed, and my Trustee, in its absolute discretion, may cause the share distributed to any distributee to be composed of property similar to or different from that distributed to any other distributee; ~,"~- ~~ E.T.T. Page 3 of 7 Pages (i) To exercise any subscription right in connection with any security held hereunder, to consent to or participate in any recapitalization, reorganization, consolidation or merger of any corporation, company or association, the securities of which may be held hereunder, to delegate authority with respect thereto, to deposit investments under agreements, to pay assessments, and generally to exercise all rights of invesrors; (j) To invest in endowment, insurance or annuity policies an the lives of beneficiaries of any trust hereunder; (k) To continue in any partnership, joint venture, joint ownership or other business enterprise of which I am a part at the time of my death; (1) To compromise claims; (m) To continue for whatever period of time as they shall deem necessary any ownership as a tenant in common or as a partner, in real estate or other property-and to act as I could have done had I been living; (n) To lend money to my estate or to any trust created hereunder or to purchase from the estate or from any trust created hereunder, at the market value thereof at the time of purchase, any securities or other property tendered to them by my estate or any trust created hereunder at any time and from time to time within a period of nine (9) months after my death; .~ ~ E.T.T. Page 4 of 7 Pages (o) In the event that any amounts are payable hereunder or under any trust created hereunder to a minor, or to a person otherwise under legal. disability, or to a person not adjudicated incompetent, but who, by reason of illness or mental or physical disability is, in the opinion of fiduciary(ies) hereunder, unable to properly administer such amounts, such amounts may be paid by the fiduciary(ies ) hereunder ir_ his, her :~r t!xeir sole di::cretion in any of the following ways as he, she or they may deem best: (1) Directly to such beneficiary; (2) To a legally appointed guardian of such beneficiary for the benefit of such beneficiary; (3) To a person having custody of such beneficiary for the benefit of such beneficiary; (4} By the fiduciary(ies} hereunder using such amounts directly to the benefit of such beneficiary. Evidence of the application or payment of a:L amount in such a manner shall be a full and complete discharge of the fiduciary(ies ) hereunder to the extent of such payment or application. This paragraph shall be applicable to payments of income as well as principal. (p) To do all other acts in their judgment necessary or desirable for the proper management, investment and distribution of my Estate. ~. ~ ~. E.T.T. Page 5 of 7 Pages 4. I nominate, constitute and appoint WILLIAM F. MARTSON, Carlisle, Pennsylvania, as Executor of my estate. In the event he shall be unable or unwilling to serve in such capacity, then I appoint MELLON BANR, N.A., Carlisle, Pennsylvania, as successor Executor. 5. I direct that neither my Executor nor my Trustee shall be required to file a band to secure the faithful performance of their duties in any jurisdiction. IN WITNESS WHEREOF I have hereunto set my hand and seal this ~jtt~, day of CIc'Lab ~~ 1991. (SEAL} Elizab h T. Trego SIGNED, SEALED, PUBLISHED AND DECLARED by the above-named Testatrix, as and for her Last Will and Testament, in the presence of us, who at her request, have hereunto subscribed cur names as witnesses thereto, in the presence of the said Testatrix and of each other. Page 6 of 7 Pages COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND SS. I, Elizabeth T. Trego, Testatrix, whose name is signed to the attached or foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed and executed the instrument as my Last Will; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. Elizab h T. Trego Sworn or affirmed to and acknowledged before me by Elizabeth T. Trego, the Testatrix, this y'Lh+ day of ~'~..C:-~.~r~~c..~v, 1991 . Notary Public COMMONWEALTH OF PENNSYLVANIA } ~ t3<~,.s~1 a.~at • SS . (( y/ 1~.1e'lli~~~~ ~. i't ~~ w*~ ~~~~T rir~~lr ` COUNTY OF CUMBERLAND li :1TIc~.1G ~fG4]l:c~~~ G~lfli~?9F~'~PM ~4tif:l'y/ 1 cri~ tir R~f7ts:J1! r~^,:. ~ ~., ii?'i.11 We , Gt_.~.c..C.Lc.ci.~..,....- '~. 'j'71 Guy-~ c~.~.1 Ct-~tel ~„~-. C~'• ~......: c.c_~t~crzz--~.~ the witnesses whose names are signed to the attached or foregoing instrument, being duly qualified according to law, do depose and say that we were present and saw Elizabeth T. Trego, the Testatrix, sign and execute the instrument as her Last Will; that the Testatrix signed willingly and that the Testatrix executed it as her free and voluntary act for the purposes t herein expressed; that each of us, in the hearing and sight of the Testatrix, signed the Will as witnesses; and that to the best of our knowledge the Testatrix was at that time 18 or more years of age, of sound mind and under no constraint or undue influence. l s Sworn or affirmed to and subscribed before me this 5~~~ day of ~~~~~ , 19 91. ~~:~~~~ Notary Publi Page 7 of 7 Pages ~ `"'`~~'` `~'~ ~;iTl;`tiir '• ;i,gr r Pc:~e -.'Y F~UdlC !;'i3t ~'G ,...:r•, ,~~+'f, ~ie!t''ef,3i~'S~~~ f.~;tuFl!y.