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Home My WebLink About12-09-111505610105 R V-1500 EX (o2-is) (FI) OFFICIAL USE ONLY PAD partment of Revenue pennsylvanta o..., ~~ .aE~E~~E County Code Year File Number Bure uofIndividuatTaxes INHERITANCE TAX RETURN ~ ~_ -. .- ,. __ . -._....-- -_ PO B X 280601_ Harri bur , PA i 1z8-o6ot RESIDENT DECEDENT ENTER DECEDENT IN ORMATION BELOW Social Security Numbe Date of Death MMDDYYYY Date of Blrth MMDDYYYY 179-12-3098 '.01105/2011 03/08/1916 _ __ __ Decedent's Last Name Suffix Decedent's First Name MI O d. Limited Estate ~ 6. Decedent Died Tes (Attach Copy of Wil O 9. Litigation Proceeds O 4a. Future Interest Compromise (date of death after 12-12-82) O 7. Decedent Maintained a Living Trust (Attach Copy of Trust.) O 10. Spousal Poverty Credit (Date of Death Between 12-31-91 and 1-1-95) Prior to 12-13-82) O 5. Federal Estate Tax Return Required ~ 8. Total Number of Safe Deposit Boxes O 11. Election to Tax under Sec. g113(A} (Attach Schedule O) CORRESPONDENT - THIS SEC tON MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED T0: Name Daytime Telephone Number Michael Cherewka, Es (717) 232-4701 First Line of Address 624 North Front Street Second Line of Address City or Post Office Wormfeysburg _.. State ZIP Code ' PA 17055 REGISTER OF WILLS USE OMt4Y C7 'T~ - _- .~ ,, ~ ~ . f r , r.E-l t? r~ .. - 1 1 . 1 r _, , , _ Cl:i„ ` ) 4 _.. _ _.._ ..~ . ~ c ~~~ C7 ~ -- .. t , Correspondent's a-mail add ss: Under penalties of perjury, f declare at I have examined this return, inGuding accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Dect ration of preparer other than the personal representative is based on all information of which preparer has any knowledge. 5I TURE OF PERSON RESPO S16 FOR FIL N DATE 1 AD ESS 6 Lancaster Blvd., Mec anicsburg, PA 17055 l ADDRESS 624 North Front Street, W rmleysburg, PA 17043 ORIa1NAL FORM ONLY 15056101 5 Side 1 1505610105 REV-!1500 EX (FI) Decedent's Name: RECAPITULATION 1. Real Estate (Scl 2. Stocks and E 3. Closely Held L. Dress 1505610205 Decedent's Social Security Number 179-12-3098 4. 5. 6. 7. 8, Mortgages and Nptes Receivable (Schedule D) . . ..................... Cash, Bank Depo its and Miscellaneous Personal Property (Schedule E)... Jointly Owned Pr perty (Schedule F) ~ Separate Billing Requested ... Inter-Vivos Transf rs & Miscellaneous Non-Probate Property (Schedule G} t~ Separate Billing Requested.... Total Gross Asse (total Lines 1 through 7) ........... . ............. .... 4. .... 5. .... 6. .... 7. .... 8. { v vv ; 24,559 58 ; '44,525.70 69,085.28 9. Funeral Expenses nd Administrative Costs {Schedule H) ..... . ......... .... 9. ! 6,764.22 10. Debts of Decedent, Mortgage Liabilities and Liens (Schedule I) ........... .... 10. 5,276.6$ 11. Tatal Deductions (otal Lines 9 and 10) .......... . .................. .... 11. ; 12,040.90 12. Net Value of Estate (Line 8 minus line 11) ....... . .................. .... 12. ' 57,044.38 13. Charitable and Gov nmental BequestslSec 9113 Trusts for which .....x... _ _..._.. .. _,_.,._ _ .....~ ,.._.. _m.... __ 0 00 an election to tax ha not been made (Schedule J) .................... .... 13. . 14. Net Value Subject t Tax (Line 12 minus tine 13) .................... .... 14. ; 57,044.38 'j TAX CALCULATION - S E INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 to able at the spousal tax rat , or _._._ __ transfers under Sec. 116 _ _ _. _ _ 0,00 _ 00 0 {a){1.2) x .o_ 15.: . 16. Amaunt of Line 14 tax ble 044 57 38 1s ! 567.00 2 . , at lineal rate x .o. . , . , . .e. ~......~~. _ .____ 17. ,..,_,-.F .... .~~.. n,~.e~.d_. w.6.~.~_..~..~~4~..,.~,_. Amount of Line 14 tax ble _ _. _. ___.. . ~~~ ._ ., ~ 0 00 at sibling rate X .12 17. . .,.. ....,... _.a. 18. _ ... .... . ....... .... _.... .... Amount of Line 14 tax ble 00 0 at collateral rate X .15 18, ; . 19. TAX DUE ...........~ .......................................... ....19. . 2,567.00 i 20. F1LL IN THE OVAL IF YIOU ARE REQUESTING A REFUND OF AN OVERPAYMENT O !, Side 2 15056102[5 1505610205 REV-150o EA: (Fq Page 3 Decedent's Comal+~te Address: Ffle Number DECEDENTS NAME Agnes L. Dress STREETADGRESS C/o Country Meadows ~ 4905 Trindle Road CITY STATE 21P Mechanicsburg PA 17055 Tax Payments and t~redits: 1. Tax Due (Page 2, Line 19) 2. Credits/Payments ~ A. Prior Payments _ ~~ 0.00 B. Discount ', 0.00 3. interest 4. If Line 2 is greater than Line 1 {Line 3, enter the difference. This is the OVERPAYMENT. Fitt in oval on Page 2, Line 20 to request a refund. 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. PLEASE ANSWER 11 1. Did decedent m k a. retain the use b. retain the righ c. retain a revers d. receive the p 2. If death occurred without receiving 3. Did decedent own 4. Did decedent own contains a benefi (1) 2,567.00 Total Credits (A + B) (2} 0.00 (3} 20.62 (4) 0.00 (5} 2, 587.62 ~i Make check payable to: REGISTER OF WILLS, AGENT. HE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS e a transfer and: Yes No r income of the property transferred .......................................................................................... ^ to designate who shall use the property transferred or its income ............................................ ^ ovary interest .............................................................................................................................. ^ mise for life of either payments, benefits or care? ...................................................................... ^ fter Dec. 12, 1982, did decedent transfer property within one year of death dequate consideration? .............................................................................................................. ^ n "in trust for" or payable-upon-death bank account or security at his or her death? .............. ^ n individual retirement account, annuity or other non-probate property, which i ry designation? ........................................................................................................................ ^ o c IF THE AN5WER TO ANY OF THE ~-BOVE 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, 194, and before Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3 percent [72 P.S. §9116 (a) (1.1) {i}l.,i For dates of death on or after Jan. 1, 1995, the tax rate imposed on the net value of transfers to ar for the use of the surviving spouse is 0 percent [72 P.S. §9116 {a} (1.1} (ii}].The statute oes 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 eve if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 20 0: The tax rate imposed on the net val a of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent, an adoptive parent or a stepparent of th child is 0 percent [72 P.S. §9116(a)(1.2)]. • The tax rate imposed on the net value f transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent, except as noted in [72 RS. §9116(a)(1)]. • The tax rate imposed on the net valu of transfers to or for the use of the decedent's siblings is 12 percent [72 P.S. §9116(a}(1.3)]. A sibling is defined, under Section 9102, as an individual ho has at least one parent in common with the decedent, whether by b{ood or adoption. REV-15Q2 EX+ (ff-05} `r' pennsy~vania SCHEDULE A OEVARTMENT OF~~.REVENUE INHERITANCE TA)P RETURN REAL ESTATE RESIDENT DECED NT ESTATE OF ~, FILE NUMBER Agnes L. Dress All real property owned so ely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would he exchanged betwe n a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. eal property that is jointly-owned with right of survivorship must be disclosed on Schedule F. ~ Attach a copy of the settlement sheet if the property has been so{d. ITEM Include a copy of the deed showing decedents interest if owned as tenant in common. VALUE AT DATE NUMBER OF DEATfi DESCRIPTION ~. None ~~, 0.00 I I 'I ,~ I i i i '~ I '~ i I ~i I I TOTAL (Also enter on Line 1, Recapitulation.) $ 0.00 If more space is needed, insert additionai sheets of the same size, REV-1503 EX+ {6-98) COMMONWEALTH OF P~ WHERITANCE TAX RESIDENT DECE SCHEDULE B STOCKS & BONDS ----- - - ESTATE QF FILE NUMBER Agnes L. Dress ' All property jointly-owned with right of survivorship must be discbsed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH t. None 0.00 I I I i I i i I I I i I '~ TOTAL (Also enter on line 2, Recapitulation) 5- 0.00 (If more space is needed, insert additional sheets of the same size) REV-150~~ EX+ (6-98) SCi~IEDt~iLE D COMMONWEALTH OF PENNSYLVANIA MORTGAGES & NOTES INHERITANCE TAX RETURN RECEIVABLE RESIDENT D EDENT ESTATE QF FILE NUMBER Agnes ~. Dress , All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH None !, 0.00 ~I i I . I I I ~, i_ '~ i I I i i I li i_ ~I I I i i TOTAL (Also enter on line d, Recapitulation) S 0.00 (If more space is needed, insert additional sheets of the same size} REV-i5o& EX+ (ii-io) ~ ' pennsylv~nia SCNEaULE E DEPARTMENT DF REViENUE CASH, BANK DEPOSITS & MISC. INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Agnes L. Dress Include the proceeds of litigation and the date the proceeds were received by the estate. Ali property jointly owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER ~ DESCRIPTION OF DEATH 1. M&T Bank, C ecking Account #29154464 559.36 '' 2, M&T Bank, Sa ings Accaunt #15004224427507 0.22 3, Country Meado s -Refund 24,000.00 ~ __ I _, !~ I !, i ~, _ __ !, i ', I, TOTAL (Also enter on Line 5, Recapitulation) $ 24,559.58 If more space is needed, use additional sheets of paper of the same size. p s~ 499 Mitchell Road, Millsboro, DE 19966 Adjustment Services Michael Chere ka 624 North Fro t Street Wormlevsbur~, PA 17043 Estate of Agnes L Dress Social Security: 1?9-12-3098 Date of Death: January 5, 2011 Phone 888-502-4349 F ax (302) 934-2955 June 6, 201 I Deaz Sir or Madama - Per your inquiry onay 25, 2011, please be advised that at the time of death, the above-named decedent had on deposit with this b the following: 1. Type of Account i Account NumEper Ownership (Names oj~ Opening Date ~',~ Balance on Dat~ of Death Accrued Interest Total ~I 2. Type of Account ~; Account Number ~'i Ownership (Name o,~ Opening Date Balance on Date Accrued Interest Tota! Savings Account 15004224427507 Agnes L Dress J Michael Dress (POA) John J Dress III (POA) 10/04/10 z2 $.00 $.22 Checking Account 29154464 Agnes L Dress J Michael Dress (PDA) John J Dress III (POA) O8ll~i/64 $559.36 $ .DO -------------------------------------------------- $559.36 i i i Coud I . t-Y_Meadows Asso rates Pay,to: MICHAEL DRE 5 .MEMO Date: 02/10/2011 INV. DATE ''18441..7 RESIDENT:;, REFS -NV. NumsER Amt:. $25,314..~p**• AGI~S DRESS 01 / 13 /2 011 DRESS , A iNV, aMauNr 9043.&9045/646 DiscouNT NET'aMOUNr 25,314.40 _. 25; 314..40. yQ ,r ~ s. ~ ~ 1 3I~ . ~o ~~J OOP, nv MIC~pE;I, DRESS .. 126 LANC3ygq:ER BLVD ME`"HANICSBURG, PA 17055 - - i .. z REV-iSog EX+ (o;-io) pennsytvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT' SCMEDVLE F JOINTLY-OWNED PROPERTY ---- ESTATE OF: FILE NUMBER: Agnes L. Dress If an asset me jointly owned within one year of the decedent's date of death, it must be reported on Schedule G. SURVNING JOINT TEN NT(S) NAME(S) ADDRESS RELATIONSHIP TO DECEDENT A. B. C. 70INTLY OWNED ITEM NUMBER LETTER FOR ]O[M TENANT DATE MADE JOINT DESCRIPTION OF PROPERTY INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR IDENTIFYING NUMBER. ATTACH DEED FOR)OINTLY HELD REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECEDENT'S INTEREST DATE OF DEATH VALUE OF DECEDENT'S INTEREST 1. A. N ne _ I i I I !I i I~ i ,~ 'I i ~i ~~ ,I i ~~ i i I ,i 0.00 ~! TOTAL (Also enter on tine 6, Recapitulation) f ~ 0.00 If more space is needed, use additional sheets of paper of the same size. REV-151G EX». ~tJS-i}U) pennsylvarria DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECECiENT SCHEDULE G INTER-VIVOS TRANSFERS AND MISC. NON-PROBATE PROPERTY ESTATE bF FILE NUMBER Agnes L. Dress This schedklle 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 PROPER7'f iNCLUDE HE NAME OF THE TRANSFEREE, THEIR REL4TIONSH[P TO DECEDENT AND THE ATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. DATE OF DEATH VALUE OF ASSET °/° OF DECD'S INTEREST EXCLUSION ([F APPLICABU: TAXA@LE VALUE 1• Western-Southern ife Assurance Company, Annuity #W0020176618G ', ', !~ ~, i I I j I 44,525.70 100 0.00 44,525.70 TOTAL (Also enter on Line 7, Recapitulation) ~ ~ 44,525.70 i If more space is needed, use additional sheets of paper of the same size. i .. . ,r, WESTERN-SOUTHERN LIFE ASSURANCE COMPA2dY CINC=NNATI Of~20 , ' STA EMENT OF DEATH CLAIM SETTLEMENT INFORCE DEPT A NES L DRESS 2 -18 - 2 011 1nAI L TO 980 5115 A NES L DRESS PAYEE W0020176618F CHECK HOC 071.54646`~AS BEEN ISSUED FOR $44,525.70 r ~ ~`, THE CLAIM ON THE. ANN ITY LZSTED ABOVE HAS 'BEET APPROVED AND A CHECK FOR :~ YOUR SETTLEMENT AMOU T IS ATTACHED BELOW. WESTERN-SOUTHERN LIFE WILL ~ '_~ ~NOTIF3' THE~.IRS THAT HE TAXABLE AMOUNT OF THIS PAYMENT IS $1,022.73 ~ ],: :FOR THE 2 011 TAX YE `~ ( ` IF`YOU HAVE ANY QUES IONS, CALL AWESTERN-SOUTHERN LIFE REPRESENTATIVE '; AT 1800) 926-1.702': I~ .tea AMOUfifT OF CONTRACT $44,'525.70 `= ,~ ~ 'i . : / / `~ f ~ '_ ~i ' f CT ~~~ ~r~` ., \. :$44:55.70 -__ ;... TOTAL,$AYABLE THIS CONTRIn ~~( , • _ . .. E AMOUNT ~ ~ $465:65 ~ _ INTEREST. INCLUDED...IN .ABO -._.. _ . ..... ..~- AMOUNT OF THIS CHECK ~~` $44,525.70 ~, \~ -~ , i .h lhn, whnnii F.ele~ur it ~ a+rvrnnur. «~ REV-SS11.EX+ (10-Q9} ~ ' ~ pennsy~lvania DEPARTMENT OR REVENUE INHERITANCE TADi RETURN RESIDENT DECEC~ENT SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS ESTATE qF FILE NUMBER Agnes L. Dress Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXP NSES: 1' Parthemore uneral Home & Cremation Services, Inc. 3,949.22 2. Rolling Gree Cemetery 1,195.00 3. Crossroads B ptist Church 1,000.00 B. !, ADMINISTRATIVE COSTS: 1. Personal Repres ntakive Commissions: 0.00 Name(s) o Personal Representative(s) Street Add ess City _._.__ .li __._.. ____ ___.._ ..__ ~.... _.. __.__ _...__ State __~~ __ZIP _--____ _.__. i Year(s) Commission Paid; 500.00 2. Attorney Fees: j 0.00 3. Family Exemption: ~If decedent's address is not the same as claimant`s, attach explanation,) Claimant Street Addres~ City _.___. ,_____ _.__.__ _ . ._..__. _ . _ ..._ _._..... _ _.._ ..._._. Stake _ _ . _ .....ZIP . ____ . ............ Relationship oflClaimant to Decedent 4. Probate Fees: ,' 0.00 5. Accountant Fees: 120.00 6. Tax Return Preparer Fels: 7. I i I ;i 'i TOTAL (Also enter on Line 9, Recapitulation} ~' 6,764.22 if more space is needed, use additional sheets of paper of the same size. RSV-1511 EX+ (12-D8j r ~ penns~lvania DEPANTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECE ENT SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES 8c LIENS --__ __ ESTATE QF FILE NUMBER Agnes L. Dress Report debts incurre 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• lntemal Reven a Service 3,967.00 2. Private Care Nursing 160.00 3. Verizon Teleph ne 24.60 4. West Shore EM 1,125.08 '- j I I ~i ~, i i i ~~ TOTAL (Also enter on Line 10, Recapitulation} $ ' 5,276.68 j If more space is needed, insert additional sheets of the same size. REV-151? EX+ (01-10) r ~'` penns~lvania DEPARTMENT OR REVENUE INHERITANCE TAX RETURN RESIDENT DECE ENT SCHEDULE ~ BENEFICIARIES ESTATE QF: FILE NUMBER: Agnes L. Dress RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAM AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRI TIONS [Include outright spousal distributions and transfers under Sec. 9116 (a} (1.2).) 1• J. Michael Dres Son _ 1 /2 2. John J. Dress, Ilb Son 1/2 '; ENTER DOLLAR AMOUNT FOR DISTRIBUTIONS SHOWN ABOVE ON 11NE5 15 THROUGH 16 OF REV-1500 COVER SHEET, AS APPROPRIATE. II NON-TAXABLE D1STRiBU ONS A. SPOUSAL DISTRIBUT ONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: 1. None 0.00 B. CHARITABLE AND GOVEf~NMENTAL DISTRIBUTIONS: 1. None 0.00 ''' ~~ TOTAL OF PART II - ENT~R TOTAL NON TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET, $ 0.00 If more space is needed, use additional sheets of paper of the same size LAST WILL AND TESTAMENT OF AGNES L. DRESS I, Agne~ L. Dress, of Country Meadows, Mechanicsburg, Pennsylvania, being of sound and dis osing mind, memory and understanding, do hereby make, publish, and declare this as ~nd for my last will and testament, hereby revoking any and all prior wills, and any and all (codicils thereto, by me at any time heretofore made. FIRST: ', f direct the payment of legally enforceable debts and the expenses of my last illness ar~d funeral from my estate as soon after my death as conveniently may be done, provided, f~owever, that nothing in this paragraph shall be construed to require my Executor or anyone hereunder to grant or resist payment of any particular claim or claims but rather grants discretion to determine which course is in the best interest of my estate. SECOND: ', I direct that all inheritance and estate taxes becoming due by reason of my death, shall be payable out of the residuary of my estate THIRD kept with my Will, Except as I may have provided in a Memorandum signed by me and give and bequeath to my sons J. MICHAEL DRESS and JOHN J. DRESS, III, in fee si'Cnple, such of my household furniture and furnishings (including, but not limited to, books,~pictures, jewelry, silverware, wearing apparel and all other articles of household or person~l use or adornment (but specifically excluding stocks, bonds, cash and other such prope~y} as they shall amongst them select. All other such property and ~~i -1- March ~, 2009 A.L.D. ICI i property not se{ected shall be included under the pro rata distribution provisions of paragraph FO~lRTH. FOURT All the rest, residue and remainder of my property wheresoever and whatsoever, in~luding but not limited to: (my checking accounts, savings account, CDs, etc.) I give, de{rise and bequeath in equal shares to my son, J. MICHAEL DRESS, per stirpes and my ~on JOHN J. DRESS, III per stirpes. If any beneficiary hereunder does not survive me andlleaves no issue, then I give, devise and bequeath their share to the remaining beneficiaries pro rata, underthis paragraph FOURTH. I also exercise any power of appointment I rjnay have under any document and provide for any monies or property to be distributed under this paragraph FOURTH. FIFTH: ' My Executor shall, in his absolute discretion, determine any available elections under Fe~eral or State Law (including the Internal Revenue Code of 1986 or that are in effect at the dime of my death.) SIXTH: ; ! direct that no Executor/Executrix, or other fiduciary named, nominated, or appo~nted in this, my last will and testament, shalt be required to post any bond or give any security of any type for any purpose,whatsoever, any law or rule of court of the Commonwealth of Pennsylvania or any other jurisdiction to the contrary notwithstanding. i SEVENTH: appointed in this my Executor/Executrix or other fiduciary named, nominated or will and testament and their successors shall have the following -2- March, 2009 A.L.D. powers (if applicable} in addition to those vested in them. by law or by other provisions of this will or any%trust agreement, to be exercised by them in their absolute discretion, which ~~, powers shall b~ applicable to a{I property held by them, effective without the order of any court and until ~he actual distribution of all such property: A. T~ retain, as investments of my estate or trust, any or all assets of my estate, real, personal, ~r mixed, without regard to any principal of diversification, and to purchase and acquire reap or personal property, and to hold any or all of such real and personal property retained or acquired without making the same productive of income; B. To ~ermit any beneficiary to occupy any real estate retained or acquired upon such terms and c'pnditions as my fiduciary shall deem proper; C. To i~tvest and reinvest at discretion without restriction to so called "legal investments," withl~the specific right to invest in common and preferred stocks, and in such. common trust, div$rsified, money market and mutual funds as they deem appropriate; D. To sill, to grant options for the sale of, or otherwise convert any real or personal property o~ interest therein, at public or private sale, for such prices, at such time, in such manner and uupon such terms as they may think proper, and to execute and deliver good and sufficient conveyances, assignments and transfers thereof without liability of any purchaser to see to t~e application of the purchase money; E. To compromise and arbitrate claims by or against my estate or any trust created hereunder, ', - -3- March r, 2009 A.L.D. j _I F. ~o make distributions in cash or kind, or partly in each at valuations fixed by my Executor a~ the time of distribution; G. ~o join in any recapitalization, merger, reorganization or voting trust plan affecting investments; to deposit securities under agreement; to subscribe for stock and bond privileges and generally to exercise all rights of security holders; H. Td manage, operate, repair, alter or improve real estate or other property, and to lease real,l estate and other property upon such terms and for such period as my Executor deem ~dvisable even for more than five years and beyond the duration of any trust; I. To deduct administration expenses upon either the federal estate tax return i orfiduciary incom~ tax return, with orwithout adjustment between principal and income, as my Executor shall ,determine; J. To a~sociate with them in the absence of a corporate fiduciary, an accountant, custod~an and investment advisor, and their agents and to compensate such accountant, custodilan and investment advisor, and agents out of principal or income or both as my Executor shall determine; K. To any part of any L. To to carry out any out the terms of any agreement 1 may have entered into to sell all or .y or any interest 1 may own in any business at the time of my death; ite and deliver any written instruments that they may deem advisable ~, duty, or discretion granted to them, and all persons shall be fully -q.- March 2009 A.L.D. protected in relying upon their power to execute every such instrument and no one shaA be .obligated to she to the application by them of any money or property received by them pursuant to the execution and delivery of any such instrument; M. Alny Executor may delegate any or alt of his/her powers, duties and discretions to ~ny other Executor by an instrument in writing and may revoke such delegation at wi~l in the same manner; N. To~do all other acts and things necessary or appropriate in the management, administration ar~d distribution of my estate; and O. To rlnake any election provided for in the Internal Revenue Code with respect to all ar any part c~f my estate qualifying for at~y such election. ,, EIGHTH: ! Any and all payment or payments of any sum or sums, whether in cash or in kind and whet'~er of principal or income, payable to any beneficiary, shall be free from anticipation, alienation, assignment, attachment, and pledge, and free from control by the creditors of any such beneficiary. NINTH: ' I appoint my sons J. MICHAEL DRESS and JOHN J. DRESS, III as Co-Executors of this'd my last will and testament, but should eitherone far any reason fail to qualify as such Co-E~Cecutor, or having qualified fail to serve as such Co-Executor, then nominate, constitute,~,and appoint the remaining Co-Executor as my Executor of this, my last will and testamenlt. ~` _ A.L.D. -5- March ~, 2009 COMMONWEALTH OF PENNSYLVAMA ) SS: COUNTY OFICUMBERLAND ) (, Agnes L. Dress, Testatrix whose name is signed to the attached or foregoing instrument, fia~ing been duly qualified according to law, do hereby acknowledge that I signed and ex~cuted the instrument as my Last Wil{ and Testament; that I signed it willingly; and tfhat I signed it as my free and voluntary act for the purposes therein expressed. ~ ~~ Z~ Agn L. Dress I I Sworn to and subscribed before me this ~~ day of March, 2009. a r~ . Notary Public I' My Commission Expires: ~ _l ~ ~ I !~ COMMONV'IEALTN 1?F PENNSYLVANIA NOTARIAL SE/~L SUSAN .!. MILLER, No~ary Public Camp FiiII 8oro, Cumberland County ~, MY Cnmmissign Expires Sept. I9, 2009 I AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA SS: COUNTY OF CUMBERLAND } We, ~~R-~ ~,~ i r+ ~e ~ ~ R ~~ i~' ,and C~~'al ~. ; h/1 ~fZ , the Witnesses Iwhose names are signed to the attached orforegoing instrument, being duly qualified according to law, do depose and say that we were present and saw Testatrix, Agnes L. Dress sign and execute the instrument as her Last Will and Testament; that Testatrix signed, willingly and that she executed said Will as her free and voluntary act for the purposes th~rein expressed; that each of us in the hearing and sight of the Testatrix signed the Will ads Witnesses; and that to the best of our knowledge the Testatrix was at that time eighteeln (18) or more years of age, of sound mind and under no constraint or undue influence. ~ ~ Sworn to arld subscribed before me this c~~ day of March, 2009. r ~ kl r Notary Public My Commission Expires: • ~ ~' ~~, COMMO~tWEALTH QF PENNSYLVANIA SUSAN J~ MILL RI, Nafary Rublic Camp Hill Boro, Gumberfand County My Commission Expires Sept. 19, 209