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Home My WebLink About12-09-11COYNE & COYNE A PROFESSIONAL CORPORATION ATTORNEYS AT LAW Henry F. Coyne Lisa Marie Coyne Jaime L. High 3901 Market Street Camp Hill, Pennsylvania 17011-4227 717-737-0464 Fax:717-737-5161 www.coyneandcoyne.com Register of Wills Cumberland County Courthouse One Courthouse Square Carlisle, PA 17013 Dear Madam: December 8, 2011 .. -, ~ T. w. ... ~.~ j ...T~ } -~ r~ ^F~t~~ ~ 1 ,' : --. f-- ~_. CI: 1 ~. ~ ~ ~ _,~ _, ,. ~ '' ~7 - ~ } • C _f r - ' G 4- Re: Estate of Eugene P. Arnold, Deceased No. 21-I1-0285 We represent the Estate of the Late Eugene P. Arnold. Enclosed please find an original and two (2) copies of the Inheritance Tax Return for this Estate. Kindly docket the original and return to this office the "yellow" copy for our records. Also enclosed is estate check no. 102 in the amount of $15.00 which represents the filing fee for this matter. Please issue a receipt for payment of the filing fee:. Thank you for your assistance. If you have any questions or concerns in this regard, please call me. Very truly yours., COYNE &~C_O~'NE, P.C. L arie Coyne LMC/cmc Encls. Cc: Mary Ann Arnold, Executrix ~~ 15056051058 REV-1500 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue County Code Year File Number Bureau of Individual Taxes INHERITANCE TAX RETURN PO BOX 280601 21 11 0285 Hanisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 204-30-9886 02/21 /2011 07/26/1940 Decedent's Last Name Suffix Decedent's First Name MI Arnold Eugene P (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Narne MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW ~° 1. Original Retum t"~ 2. Supplemental Retum 4:.~.1 3. Remainder Return (date of death prior to 12-13-82) 4. Limited Estate C:_r 4a. Future Interest Compromise (date of ,~ ~ 5. Federal Estate Tax Return Required death after 12-12-82) ~`: 6. Decedent Died Testate C."~.~ 7. Decedent Maintained a Living Trust 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) 9. Litigation Proceeds Received ~m~ 10. Spousal Poverty Credit (date of death t~ 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. O) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number Lisa Marie Coyne, Esq. ('717) 737-0464 ~ '..~'' ; ~ Firm Name (If Applicable) ,_.. . S USE ONLY REGISTER O Coyne & Coyne, P.C. r+ F~~'? ~"`~ First line of address -~ ~= ~J t~ :.'%',.~ 3901 Market Street '`~ ~-'~ --7 Second line of address - `-- - ~ ,..n~ ~. City or Post Office State ZIP Code DATE FILED C.. Camp Hill PA 17011 _~ r -,-, _._ ~ ~' -`3 ~ '7 _ r~°~ c. --s3 Correspondent's a-mail address: Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, corcect and complete. Declaretion of preparer other than the personal representative is based on all information of which preparer has any knowledge. \SIIGNATURE OF PERSON ESPONSIBy~ FOR FILING RETURN DAATE_ ~1 - Mary_Ann Arnold 1612 Hunter Street, Harrisburg, PA 17104 SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE DATE ADDRESS PLEASE USE ORIGINAL FORM ONLY Side 1 15056051058 15056051058 J 15056052059 REV-1500 EX Decedent's Social Security Number Eugene P Arnold ' 204-30-9886 s Name: Decedent _..... ......._.__e...a~_~__.~__~__.____ RECAPITULATION 1. Real estate (Schedule A) ........................................... .. 1. 0.00 2. Stocks and Bonds (Schedule B) 2. 1,843.94 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ... .. 3. 0.00 4. 9 9 ( ) ........................... Mort a es & Notes Receivable Schedule D 4. .. 0.00 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ...... .. 5. 17,004.96 6. Jointly Owned Property (Schedule F) C~ Separate Billing Requested ..... .. 6. 0.00 7. Inter-Vivos Transfers ?3< Miscellaneous Non-Probate Property (Schedule G) Cb Separate Billing Requested...... .. 7. 8. Total Gross Assets (total Lines 1-7) .............................. ...... 8. 18,848.90 9. Funeral Expenses & Administrative Costs (Schedule H) ............... ...... 9. 18,081.44 10. Debts of Decedent, Mortgage Liabilities, 8~ Liens (Schedule I) .......... ...... 10. 1 1,632.70 11. Total Deductions (total Lines 9 & 10) ............................. ...... 11. 29,714.14 12. Net Value of Estate (Line 8 minus Line 11) ........................ ...... 12. 0.00 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) .................. ...... 13. 0.00 __ 14 ......... Net Value Subject to Tax (Line 12 minus Line 13) ...... 14. 0.00 ......... . w,..,..-__ ....._ .~ TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) X .0_ 15. 16. Amount of Line 14 taxable at lineal rate X .0 _ 16. 17. Amount of Line 14 taxable 0 00 . , at sibling rate X .12 17. 18. Amount of Line 14 taxable at collateral rate X .15 18• 19. TAX DUE ....................................................... .. 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT 0.00 0.00 ;;-~;; 15056052059 Side 2 15056052059 REV-1500 EX Page 3 nenerlnn4~c ~'mm~lo4o AfIfI1'pCC• _ F,IIe Number _ __ 21 _ 11 ' 0285 DECEDENTS NAME DECEDENTS SOCIAL SECURITY NUMBER Eugene P Arnold _ _ 204-30-9886 STREET ADDRESS 126 Woodside Drive iTY STATE ZIP Lemoyne, PA 17043 Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) (1) 0.00 2. CreditslPayments 0.00 A. Spousal Poverty Credit _ B. Prior Payments 0.00 C. Discount 0.00 Total Credits (A + B + C) (2) 0.00 3. InterestlPenalty if applicable D. Interest E. Penalty Total InterestlPenalty (D •F E) (3) 0.00 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. (4) 0.00 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 0.00 A. Enter the interest on the tax due. (5A) 0.00 B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (56) 0.00 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred :................................................................................... ....... ^ b. retain the right to designate who shall use the property transferred or its income :..................................... ....... ^ c. retain a reversionary interest; or .................................................................................................................. ........ ^ d. receive the promise for life of either payments, benefits or care? .............................................................. ........ ^ 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ...................................................................................................... ........ ^ 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? ...... ........ ^ 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ................................................................................................................ ........ ^x ^ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116(1.2) [72 P.S. §9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. REV-1503 EX+ (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCNEDI~LE B STOCKS & BONDS ESTATE OF FILE NUMBER Eugene P. Arnold 21-11-0285 All prooertv fointly-owned with right of survivorship fiust be disclosed on Schedule F. (If more space is needed, insert additional sheets of the same size) XOM Historical Prices ~ Exxon Mobil Corporation Common Stock -Yahoo! Finance Page 1 of 1 ',Exxon Mobil Corporation (XOM) At,1:o1AM EsT: sosl f,.o, j,s~%I GET s1~ct" s X~M for 525Kh day+oskl c Vii. ...: :Historical Prices Get Historical Prices for: ;~Q> Set Date Range _ _ _ ~ Daily Stan Date: ~ Feb ~ 20__...._, 2011 ~', Eg. Jan 1, 2010 Weekly End Date: ~ Feb ~ 22 '2011 ''"' Monthly Dividends Only First ~ Previous i Next ~ Last Prices Date Open High Low Close Volume Adj Close' Feb 22, 2011 84.97 86.70 84.73 65.44 32,580,400 83.90 Feb 18, 2011 83.91 84.50 83.50 84.50 22,839,500 82.98 'Close pdce adjusted for dividends and spiks. ~~Y17Y =~ ~~~ ~ o~ a~l~f ~~oS s q~d a ~aa/-~ oP~ http://finance.yahoo.com/q/hp?s=XOM&a=01&b=20&c=2011&d=01&e=22&2011&g=d 12/5/2011 _. REV-1508 EX+ (6-98) SCHEDULE E COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS & MISC. INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Eugene P. Arnold 21-11-0285 Include the proceeds of litigation and the date the proceeds were received by the estate. All aroaerty lofntlyowned with right of survivorship must be disclosed on Schedule F. (If more space is needed, insert additional sheets of the same size) ~8. 2011 2:48PM P1UC BANK 412-705-7147 __ _._ _. No, 4131 P. 1/2 ~ ~~ L1;AflMt4 THIi l~AY April 18, 2011 Lisa Marie Coyne Esq. Coyne 8c Coyne 3901 Market St Camp Hill, PA ] 7011-4227 RE: Eugene P Arnold SSN: 204-30-988b DOD: 02-21 2011 Dear Ms. Coyne: . In response to your request for Date of Death (DOD) balances far the customer noted above, our records show the following: CL+ecldag Account Accauaat # 5140164923 EUGENE P A1tNOLD MARYANN ARNOLD DOD balance: $ 3,537.49 + 0..02 acctued interest I~erest paid O 1.O1-2011 thru 02-21-2011$ 0.15 YTD Savings Account Accawnt # 5000736555 MARYANN ARNOLD EUGENE P ARNQLD DOD balance: $.467.44 + 0.01 accrued izYDcrest lntcrest paid 01-01-2011 thru 02-21-2011 $ 0.08 I'TD Established: 01-24-2011 Established: Ol -25-2011 Investment Account The decedent maintained Investment Accawnt #84155475 , For further information, you may call the Brokerage Department at 1-800-762-6111. Please note that this office provides date of death balances for deposit accounts (IltAs, CDs Cl~eclcing and Savings). We do not process any financial txausacttoaa or provide statement3. If you need assistance with any of these items, pEease call 1-888-PNC-BANK {1-888-762-22b5) or sWp by yon local PNC Bank branch ace. Sincerely, National Financial Services Center `_ PNC 13atilc, N.A. Member>±DIC. Fage 1 of 2 REV-1510 EX+ (08-09) ~ ,, Pennsylvania '~ DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS AND MISC. NON-PROBATE PROPERTY ESTATE OF FILE NUMBER Eugene P. Arnold 21-11-0285 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page three of the REV-1500 is yes. ITEM NUMBER DESCRIPTION OF PROPERTY INCLUDE THE NAME OF THE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST EXCLUSION (IF APPLICABLE) TAXABLE VALUE 1. Transamerica Life Annuity -- Beneficiary is Nephew of Decedent 22,248.75 100 0.00 22,248.75 Separate Billing to: Robert L. Fanus, 511 Avalon Ct., Harrisburg, PA 17111 TOTAL (Also enter on Line 7, Recapitulation) $ 22,248.75 If more space is needed, use additional sheets of paper of the same size. TR.ANSA-N~RICA • LIFE INSURANCH COMPANY March 22, 2011 ROBERT FANNS C/0 MARY ANN ARNOLD 1612 HUNTER ST HARRISBURG PA 17104 RE: Annuity Number(s) 100357TAT Dear Robert Fanns: Transamerica Life Insurance Company 4333 Edgewood Road NE PO Box 3183 Cedar Rapids, Iowa 52406-3183 We have received your request concerning the above annuity. Before we are able to process this request, we will need the following information: • Annuity Claimant's Statement completed in the name of Robert Fanns. Our records indicate you are entitlESd to 100 of the policy proceeds. It is our understanding the beneficiary, Christina Arnold, predeceased the annuitant. If this is correct, the policy provisions state the death benefit options are available to the contingent beneficiary. Please return the requested information in the envelope provided. Once all the necessary paperwork is received in our office, the normal processing time is within four business days. A variable annuity provides for a fluctuating return and benefit, in response to its underlying investments., regardle:~s of the option chosen. The death benefit amount will be defined, according to the provisions of the contract, upon receipt of the requested documents associated to the death option you choose. It i:a important to note; a variable annuity will continue to be subject to t:he variable market until all of the annuity funds are disbursed. Member of the AEGON. Group ~,, F,,ti-.-. a 5 ..., p:. 'Sa_~ 0° Z O U 9 ,\ If you have any questions please contact your financial professional, or call us at 1-800-553-5957 Monday - Thursday, 7:00 a.m. - 5:30 p.m. or Friday, 7:00 a.m. - 4:3.0 p.m. Central time. We appreciate your business and look forward to serving you in the future. Sincerely, na Charlene Mathews Transamerica Life Insurance Company Claims Enclosure(s): Postage Paid Return Envelope Death Option Packet Annuity Claimant Statement Form cc: Barry D Bieler TRANSAMERICA • LIFE INSURANCE COMPANY Transamerica Life Insurance Compaay 4333 Edgewood Road NE PO Boa 3183 Cedar Rapids, Iowa 524063183 March 7, 2011 Christina Arnold c/o Mary Ann Arnold 126 Woodside Rd Lemoyne PA 17043 RE: Aaauity Number(s) 100357TAT Dear Christina Arnold: ~2 l ~`~ ~~ b~ We have received notification, Eugene Arnold, annuitant of the above listed non-qualified tax deferred annuity is deceased. Our office wishes to extend sincere condolences for your lo:~s. The following is the current information on this annuity: Annuitant: Eugene Arnold Owner: Eugene Arnold ~, Primary Beneficiary: Christina Arnoldt100$ Annuity Policy Date: Au 03, 2004 Full Value as of 02/21/2011: 22,248.7 The attached document reflects the options available to the beneficiary listed above. A variable annuity provides for a fluctuating return and benefit, in response to its underlying investments, regardless of the option chosen. It is important to note; a variable annuity will continue to be subject to the variable market until all of the annuity funds are disbursed. The full value as of the date of death is for tax purposes only and is not a guaranteed death benefit amount. Operations performed on an automatic basis have Y~een terminated, such as: Dollar Cost Averaging, Rebalance and/or Systematic Payout, when applicable. Member of the AEGON. Group '~~. ~.. 4~, ~ le~~~ ~ ~ -,a•, v S~' . Aa:er- ~oo> ?o~~ REV-1511 EX+ (12-99) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Eugene P. Arnold SCNEpuLE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS FILE NUMBER 21-11-0285 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1' Musselman Funeral Home 4,872.72 z. Woodlawn Burial 5,311.77 200.00 3. Reception 100.00 4. Honorarium B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Social Security Number(s)IEIN Number of Personal Representative(s) _ Street Address City .State Zip Year(s) Commission Paid: 2. Attorney Fees 6,000.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State .Zip Relationship of Claimant to Decedent 4. Probate Fees 123.50 5. Accountant's Fees 6. Tax Retum Preparer's Fees 300.00 7. Cumberland Law Journal -legal advertisement 75.00 8. Patriot News -- legal advertisement 116.45 s. James H. Hess, CPA -- 2010 tax prep 100.00 10. Inheritance Tax Filing fee 15.00 >>. Postage .88.00 t 2. Total from Schedule H, Page 2 .779.00 TOTAL (Also enter on line 9, Recapitulation) $ 18,081.44 (If more space is needed, insert additional sheets of the same size) A B C D E 1 2 _ ESTATE OF EUGENE P. ARNOLD N0. 21-11-0285 3 - - - 4 -- SCHEDULE H (Cont.): 5 _- FUNERAL AND ADMINISTRATIVE COSTS PAGE 2 6 _ - 7 Item No. Description _ _ Amount 8 9 13 - 14 ' ~_ Short Certificates __ Robert McIntosh, Esq. $8.00 40.00 10 15 ~ The Dispatch -- Obituary $231.00 11 _ 16 Reserves $500.00 12 _ _ _ - - 13 _ - 'TOTAL: _ $779.00 14 -- - - - - REV-1512 EX+ (12-08) ~ Pennsylvania SCHEDULE I ~~~ DEPARTMENT OF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES & LIENS RESIDENT DECEDENT ESTATE OF ' "` """""' Eugene P. Arnold 21-11-0285 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1• All State Insurance 69.25 2 HARP 45.00 3. Verizon 85.02. 4. Chrysler Financial -- March van payment 799.48 5. Comcast 9.26 6. Storage 171.72 7. Attorney Fees for Last Will and POA 250.00 8. Alarm 207.76 9. Sprint 11.35 10. Union Plus 101.15 11. FNNB Credit Card 152.65 12. Cabellas Club 60.00 13. Parthemore Funeral Home--Funeral Bill for Late Wife 4,723.80 14. Home Depot 118.48 15. American General Life Insurance premium 114.58 16. Chrysler Financial loan payoff 3,776.20 17. Uncleared Checks 937.00 TOTAL (Also enter on Line 10, Recapitulation) $ 11,632.70 If more space is needed, insert additional sheets of the same size. REV-1513 EX+ (11-08) Pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE BENEFICIARIES ESTATE OF FILE NUMBER Eugene P. Arnold 21-11-0285 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under Sec. 9116 (a) (1.2).] 1. Mary Ann Amold sister 100% of residual 2. Robert Fanus (Transamerica Life Annuity) nephew $22,248.75 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1501) COVER SHEET, AS APPROPRIATE. II NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN 1. B, CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-150() COVER SHEET $ If more space is needed, insert additional sheets of the same size, ,. n ~ _~~ • ;.. ~,~ _ _~ ,~ ,~ ~r~- ~s :.. r-~ i .:~ ~;; h r•.~ :: , ~_~ t~ -_-, LAST WILL AND TESTAMENT ..: ~_,., r- C1,. KNOW ALL MEN BY THESE PRESENTS, that I, EUGENE P..ARNOLD currently residing in Lemoyne, Cumberland County, Commonwealth of Pennsylvaiua, being in good health and of sound and disposing memory do hereby make, declare and publish this as my Last Will and Testament, hereby revoking all former Wills and Codicils heretofore made by me. FIRST: I direct that all of my debts not barred by the statute of limitations, expenses of my last illness, funeral expenses, costs of administration and claims allowed in the administration of my estate shall be paid by my Executor hereinafter named, from my estate as soon after my decease as shall be found convenient. SECOND: I bequeath my automobiles, household and personal effects and other tangible personalty of like nature (not including cash or securities), together with any existing insurance thereon, to my sister, MARY ANN ARNOLD. 'T'HIRD: I give, devise and bequeath the rest, residue and re;mainder of my estate, whether real, personal or mixed, and of any nature whatsoever and wherever situate, to my sister, MARY ANN ARNOLD. FOURTH: I hereby nominate, constitute, and appoint my sister, MARY ANN ARNOLD, as Executor of this, my Last Will and Testament without necessity for posting security regazdless of state of residence, as Executor of this, my Last Wiill and Testament. FIFTH: My Executor shall have, in addition to the powers and authority conferred upon him by law, the following additional powers and authority: 1. To sell at public or private sale, exchange, transfer, partition, give options upon, lease, mortgage, pledge, or otherwise dispose of any property, real or personal, at any time constituting a portion of my estate, and upon such terms and conditions as the Executor shall deem wise. -n r-:c:~ C : 7 t.' :) ..' r;r~ i ~` ~'7 V ~l 2. To invest any money at any tune in such bonds, stocks, notes, real estate, mortgages, life insurance, annuities of other securities, or such property, real or personal, ~as the Executor shall deem wise, without being limited by any statutes or rule of law regarduag investments by the Executor. . 3. To retain, without incurring any liability, as investments, any property owned by me at the time of my death, as long as my Executor may deem it wise, and' even though such property is not the kind of property an Executor would purchase as an investment; and even though to retain such property might violate sound diversification principles. 4. To cause any security or other property which may constitute a portion of my estate to be issued, held or registered in the Executor's own name, or in the name of a nominee, or in such form that title will pass by delivery. ~: To consent to the reorganization, consolidation, readjustment of the financial structure, or sale of the assets of any corporation or other organization, the securities of which constitute a portion of my estate, and to take any action with reference to such securities which, in the opinion of the Executor is necessary to obtain the benefit of any such reorganization, consolidation, readjustment or sale; to exercise any conversion privilege or subscription right given to my Executor as owner of any securities constituting a portion of my estate resulting from any reorganization, consolidation, readjustment, s~~le, conversion or subscription. 6. To pay all costs, taxes, charges and expenses in connection with the administration of my estate; including such compensations to Executoi which shall be in accordance with established fees throughout the period of administration of my estate. 7. To determine what is "income" and what is "principal" hereunder, and my' Executor's decision thereon shall be final; and to purchase securities at a premium or discount, and to apply or.charge said premium or discount against income or principal as the Executor may determine. 2 u 8. The Executor may make payments to or on behalf of any person who is the beneficiary hereunder but in no event, however, shall payments be made to any creditor or other such person because of anticipation of payment by the beneficiary, and any such claim made by way of anticipation by the beneficiary shall be of no validity or legal effect. 9. To borrow money from any person, firm or corporation, including any corporation acting as an Executor hereunder, for the purpose of protecting and preserving or improving my estate hereunder; to execute promissory notes or other obligations for amounts so borrowed. 10. To employ legal counsel, accountants, brokers; investment advisors, custodians; managers and other agents and employees and to pay reasonable compensation out of my estate or any fiznds held hereunder to which said compensation is attributable. 11. To carry on any business owned or controlled by me at my death for whatever period of time my Executor shall think proper, and my Executor shall have the power to do any and all things my Executor deems necessary or appropriate, including the power to close out, liquidate or sell the business at such time and upon such terms as my Executor shall . deem best. 12. To do all other acts in my Executor's judgment necessary or desirable for the proper and advantageous management, investment and distribution of my estate. SIXTH: I direct that all transfer and inheritance taxes, state or federal, assessed because of my death, whether the funds, property or insurance proceeds to which such taxes are attributable pass under this Will or not, shall be paid out of my residuary estate; that my Executor pay, or provide for payment of all such taxes at such time, or times, and in such manner as my Executor deems best. 3 IN WITNESS WI~REOF, I, EUGENE R ARNOLD, the Testator to this, my Last Will and Testament, typewritten on five sheets of paper which I have identified at the bottom of each page by my signature, hereunto set my hand and seal the ~5~ da;~ of ~~.hr 2011. ~~~ ~~~ EUGENE P. ARIVOLD The preceding instrument consisting of this and four other typewritten pages, each identified by the signature of the Testator, EUGENE P. ARNOLD, this day and date Thereof signed, published and declared by EUGENE P. ARIVOLD, the Testator therein Warned, as and for his Last 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: ''~~ _ . ,, t ~ , , _; i ~~' ~y ~ ~ r~ ; _ ~ 4 COMMONWEALTH OF PENNSYLVANIA: ss COUNTY OF CUMBERLAND 1, EUGENE P. ARNOLD, Testator 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. ~? ,~i~ EUGENE P. ARNOLD Sworn or affirmed to and acknowledged before me by EUGENE' P. ARNOLD, Testator, the I5'~` day of , 201.1. ~~F~~ V!!I Notary Public (SEAL) ~~C11tAMONW~~-T~ OF PENNSYI-VANS` 'v -` No1~IW'9aM Michs~d Ch°r°wkf'tlaONY P Co~Y bury ~~ ~ 3 201 «otrri~eys qp4 27, say C;pmmfawon .- ~,,..~-~nrf,~anis psSCCiatan Of Notanes COMMONWEALTH OF PENNSYLVANIA ss COUNTY OF CUMBERLAND We /11~~~ue1 Gnrdor and ~r.lenl~ ~ocdart_ ,the witnesses whose names are signed to the attached or foregoing instrument, being duly quahfied according to law, do depose and say that we were present and saw Testator sign and execute the instrument as his Last Will; that he signed willingly and that he executed it as his i:ree 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 eighteen or more years of ~ge,yof sound mind and under no constraint or undue influence. r+. f ,.% Sworn or affirmed to and subscribed to before me by A11 ~"~hue.l -`~rrda-~ and {%e~,,c~ 1, , (,;,,~~rm witnesses, this 15~ .day of ~n.hw,.,.~ , 201 I . . (SEAL) ~ Notary Public COMMp~LTH OF PENNSYl1lANW Not~~l SMI ~~~~~ gunn~bstlandCounb S My Commfesio~ Expiros ~ ~~ 201 5 ... ~M.r~thianl3 Assodatlon of Nptnrias ^ as t r P it UI' 'iYil,.L .