HomeMy WebLinkAbout07-11-12..J 1505610140
REV-1500 EX (°'-'°'
OFFICIAL USE ONLY
PA Department of Revenue Couniy Code Year File Number
Bureau of Individual Taxes INHERITANCE TAX RETURN
PO BOX 280601 2 1 1 1 0 5 3 5
Harrisbu , PA 17128-0601 RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death MMDDYYW Date of Birth MMDDYYW
1 7 7 2 6 7 1 9 7 0 4 2 7 2 0 1 ], 1 2 0? 1 9 3 3
Decedent's Last Name Suffix Decedent's First Name MI
L A N K F O R D J R R O D N E Y D
{If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
MI
FILL IN APPROPRIATE OVALS BELOW
1. Original Return ^ 2. Supplemental Return ^ 3. Remainder Return (date of death
prior to 12-13-82)
^ 4. Limited Estate ^ 4a. Future Interest Compromise (date of ^ 5. Federal Estate Tax Return Required
death after 12-12-82)
i
B
Q 6. Decedent Died Testate ^ 7. Decedent Maintained a Living Trust ~ oxes
t
8. Total Number of Safe Depos
(Attach Copy of Will)
^ 9. Litigation Proceeds Received
^ (Attach Copy of Trust)
10. Spousal Poverty Credit (date of death
^
nder Sec. 9113(A)
11 •
haO
h S
between 12-31-91 and 1-1-95) )
c
Attac
(
CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED T0:
Daytime Telephone Number
Name
S U S A N H C O N F A I R 7 1 7 7 6 3 1 8 3 8
REGISTER OF WILLS USE ONLY
First line of address
2 3 3 1 M A R K E T S T R E E T
.~,
rv - ~-
C
Second line of addressC.~
7`-I --~
t~ L-D ~ r ~ ( l
DATE { l' ~
City or Post Office State ZIP Code ------ ~-,.-r----=_= r , , ~ k -,
- -- ~..:
P A 1 7 0 1 1
C A M P H I L L ~-'
Q C1 ~ -'[7 r i
Ca C>
Q 1"% rv i -= m
Correspondent's a-mail address: SCONFAIRaREAGERADLERPC • COM ---
~: ~ i .a n.u.nl nf,
Under penalties of perjury, 1 declare that I have examined this return, rnGuding accompanying schedules and statements, and to the best of„ ~ a ~~
it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge"'
SIGNATURE OF PERSON RES _ LE FOR ~iLIN~ RCl DATE/
Q '1 1'.~ o 'l
ADDRESS ~v P A 17 3 2 4
407 PINE GROVE ROAD GARDNERS
SIGNATURE OF PREPARER OTHER THAN R RESEI~YAyIVE ,~ /~ /O~v!
AuuKt~a ~-
2331 MARKET STREET CAMP HILL PA 17011
PLEASE USE ORIGINAL FORM ONLY
15D561D140
Side 1
.~~
1505610140
1505610240
REV-1500 EX Decedent's Social Security Number
1 7 ~ 2 6 7 1 9 7
DecedenesName: RODNEY D• LANKFORD~ JR•
RECAPITULATION
7 6 0 0 0. 0 0
......................................
1. Real Estate (Schedule A)
..... 1'
4 3.5 4
2. Stocks and Bonds (Schedule B) ................................. .... . 2•
3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) .... . 3. •
4. Mortgages and Notes Receivable (Schedule D) ..................... .... . 4. •
4 1 1 8. 1 0
5. Cash, Bank Deposits and Miscellaneous Personal Property (Schedule E).. .... . 5.
6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested .. .... . 6. •
7. Inter-Vivos Transfers & Miscellaneous N -Probate Property
(Schedule G) ~ Separate Billing Requested .. .... . 7.
s 8 D 1 6 1. 6 4
......
8. Total Gross Assets (total Lines 1 through 7) .............. .
.....
,
.
9 8 3 8 4. 5 0
9. Funeral Expenses and Administrative Costs (Schedule H) ............ ..... .
.
7 7 9 3 5. 2 8
10. Debts of Decedent, Mortgage Liabilities, and Liens (Schedule I) ....... ... .
10
11 8 6 3 1 9 . 7 8
11. Total Deductions (total lines 9 and 10) ......................... .... .
..
12 6 1 5 8 . 1 4
12. Net Value of Estate (Line 8 minus Line 11) ...................... .... .
..
Charitable and Governmental Bequests/Sec 9113 Trusts for which
13
.
an election to tax has not been made (Schedule J) ................
....
. . 13. •
.......
14. Net Value Subject to Tax (Line 12 minus Line 13) ........ .
....
..1a.
- 6 1 5
8. 1 4
TAX CALCULATION -SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate, or
transfers under Sec. 9116 D 0 0
15. D. D D
(a)(1.2)X.0 _
16. Amount of Line 14 taxable D D D 16 0 ' 0 0
at lineal rate X •0 _ .
17. Amount of Line 14 taxable D D D 17 D , D D
at sibling rate X .12
18. Amount of Line 14 taxable D . D D 18 D . 0 0
at collateral rate X .15
1 s. 0 • D 0
19. TAX DUE ............................................... .... ...
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
Side 2
1505610240 1505610240 J
REV-1500 EX Page 3 File Number
Decedent's Complete Address: 21 11 11535
DECEDENTS NAME
RODNEY D•_LANKFO_R_D, JR~
STREETADDRESS
1 L O N G S D O R F _W A Y_ _ _ ._ - - - __--- _ - -_ -- ---- -- ----- _ _-_ -------.
STATE ZIP
CITY
CARLISLE PA 17015
Tax Payments and Credits:
1. Tax Due (Page 2, Line 19} (1j 0.00
2. Credits(Payments 5, 200.OD
A. Prior Payments
B. Discount D ' D D
Total Credits (A + B} (2) 5, 2 0 D• 0 0
3. Interest (3)
4, If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (4} 5 , 2 D 0 • ^ 0
Fill in oval on Page 2, Line 20 to request a refund.
D•DD
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5}
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 useor incomeof the property-transferred : .............................••.••-•••••••••-••••~•••••••••~•••••••••• ^
X
b. retain the right to designate who shall use the property transferred or its income; ...............................
c. retain a reversionary interest; or ................................................................................................ ^ a
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 X
9 ~ ~ .........................................
withoutreceivin ad uateconsideration. ~ • • • • ~ •~••••••••-••---•••~~•~~~~~~'~~"~~'~' ^ ^
3. Did decedent own an "intrust for" orpayable-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
X
contains a beneficiary designation? .................................................................................................. ^
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
For dates of death on or after July 1, 1994, 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}].
For dates of death on or after Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 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 21 years of age or younger at death to or for the use of a natural parent, an
adoptive parent or a stepparent of the child is 0 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 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 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-1502 EX+ (01-10)
Pennsylvania ( SCHEDULE A
DEPARTMENT OF REVENUE I
INHERITANCE TAX RETURN REAL ESTATE
RESIDENT DECEDENT
_-_
ESTATE OF: FILE NUMBER:
RODNEY D• LANKFORD, JR• 21 11 0535
All real property owned solely 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 be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts.
Real 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 sold.
ITEM Include a copy of the deed showing decedent's interest if owned as tenant in common. VALUE AT DATE
NUMBER OF DEATH
DESCRIPTION
1• 3 PINE WAY
FAYETTEVILLE, PA 17222
(SETTLEMENT SHEET ATTACHED SOLD 8/23/11)
2• 356 PISGAH STATE ROAD
SHERMANS DALE, PA 17090
(SETTLEMENT SHEET ATTACHED SOLD 6/19/12)
25,000.00
51,000.00
TOTAL (Also enter on Line 1, Recapitulation.) ~ S 76, 000
if more space is needed, use additional sheets of paper of the same size.
REV-1503 EX + (6-98)
SCHEDULE B
COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
FILE
RODNEY D• LANKFORD, JR• Z1 11 0535
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM
NUMBER
DESCRIPTION
VALUE AT DATE
OF DEATH
43.54
SERIES EE US SAVING BOND
TOTAL (Also enter on line 2, Recapitulation) $
•54
(If more space is needed, insert additbnal sheets of the same size)
REV-1508 EX+ (11-10)
Pennsylvania SCHEDULE E
pEPARTMENTOFREVENUE (.'ASH, BANK DEPOSITS, ~ MISC.
INHERITANCE TAX RETURN PERSONAL PROPERTY
RESIDENT DECEDENT
FILE NUMBER:
ESTATE OF:
RODNEY D• LANKFORD, JR. 21 11 0535
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointly owned with right of survivorship must be disclosed on Schedule F. VALUE AT DATE
ITEM DESCRIPTION OF DEATH
NUMBER 1,116.52
1. SUSQUEHANNA BANK - CHECKING #6000D09856D
26 NORTH CEDAR STREET
LITITZ, PA 17543-70D0 825.OD
2. 1996 FORD ESCORT WAGON
142.31
3. M & T BANK - CHECKING #3740110329
BUFFALO, NY 14240
119.70
y. HIGHMARK FREEDOM BLUE REFUND
600.00
5. ROBERT SEARS UNDER DJ EVICTION
538.55
6. COUNTYlSCHOOL TAX PRO RATION CREDIT FROM SALE OF
3 PINE WAY, FAYETTEVILLE, PA
276.02
7. COUNTY/SCHOOL TAX PRO RATION CREDIT FROM SALE OF
356 PISGAH STATE ROAD, SHERMANS DALE, PA
350•D^
8. GARAGE SALE
150.00
9• PHARMACY REFUND
TOTAL (Also enter on Line 5, Recapitulation} ~ ~ 4 ,118.10
If more space is needed, insert additional sheets of paper of the same size
REV-1511 EX+ (10-09)
Pennsylvania SCHEDULE H
DEPARTMENT OF REVENUE FUNERAL EXPENSES AND
INHERITANCE TAX RETURN ADMINISTRATIVE COSTS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
RODNEY D- LANKFORD, JR• 21 11 0535
Decedent's debts must be reported on Schedule I.
NUMBER DESCRIPTION AMOUNT
A, FUNERAL EXPENSES: 185.00
1, BAUGHMAN MEMORIAL - TOMBSTONE
g, ADMINISTRATIVE COSTS:
~. Personal Representative Commissions: 3,000.00
Name(s) of Personal Representative(s) FRED L• L A V E R , E X E C U T O R
Street Address 407 PINE GROVE ROAD
City GARDNERS State PA ZIP 17324
Year(s) Commission Paid: 2012
AttomeyFees: REAGER & ADLER, PC 5,000.00
2.
g. Family Exemption: (If decedents address is notthe same as claimants, attach explanation.)
4.
VIPIII IPI It -
Street Address
City State _,
Relationship of Claimant to Decedent
Probate Fees: CUMBERLAND COUNTY REGISTER OF WILLS
5 Aa~rountant Fees:
g, Tax Retum Preparar Fees:
7.
ZIP
199.50
TOTAL (Also enter on Line 9, Recapitulation) 15 8 , 3 8 4 •
If more space is needed, use additional sheets of paper of the same size.
REV-1512 EX+ (12-OS)
Pennsylvania SCHEDULE I
DEPARTMENT OF REVENUE DEBTS OF DECEDENT,
INHERITANCE TAX RETURN MORTGAGE LIABILITIES, 8c LIENS
RESIDENT DECEDENT
FILE NUMBER
ESTATE OF
21 11 0535
RODNEY D• LANKFORD, JR•
Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses.
E AT DATE
VALU
ITEM DESCRIPTION OF DEATH
NUMBER
1. DEPARTMENT OF PUBLIC WELFARE - ESTATE RECOVERY PROGRAM 54,284.09
CIS ~~ 391067429
2. SPRING CREEK REHABILITATION 8 HEALTH CARE CENTER
9,240.46
3. REIMBURSEMENT TO FRED LAUER FOR PREPAYING FUNERAL
9,189.00
493.68
y. PP L ELECTRIC 8/11-6/12
5. EXPENSES FROM SALE OF 3 PINE WAY, FAYETTEVILLE, PA
818.59
6. 212 COUNTY/TOWNSHIP REAL ESTATE TAXES FOR SHERMANS DALE
434.34
PROPERTY
417•D^
7. PARKS GARBAGE SERVICES, INC•
89.4
8. ADVERTISE FAYETTEVILLE PROPERTY FOR SALE
9. GREENWOOD HILLS BIBLE CONFERENCE WATER SERVICES TO FAYETTEVILLE
41.40
PROPERTY
10• 2011 COUNTY/TOWNSHIP REAL ESTATE TAXES FOR FAYETTEVILLE, PA
157.67
PROPERTY
11• 2011/2012 SCHOOL/COUNTY REAL ESTATE TAXES FOR SHERMANDDALE, PA
1,759.10
PROPERTY
12. EXPENSES FROM SALE OF 356 PISGAH STATE ROAD, SHERMANSDALE, PA
564.00
13- MARK A• BARON APPRAISAL FOR 356 PISGAH STATE ROAD,
375.00
SHERMANSDALE, PA
71.55
yy. BILLIE J• LAUER - GARAGE SALE ADVERTISEMENT
TOTAL (Also enter on Line 10, Recapitulation) ~ S 77 , 93 5
If more space is needed, insert additional sheets of the same size.
REV-1513 EX+ (01.10)
pennsylvania
DEPARTMENT OF REVENUE
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE J
BENEFICIARIES
ESTATE OF:
RODNEY D. LANKFORD, JR.
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY
I TAXABLE DISTRIBUTIONS [Include ouhpht spousal distributions and transfers under
Sec. 91 f6 (a) (1.2).J
1. FRED L. LAUER
407 PINE GROVE ROAD
GARDNERS, PA 17324
2. SANDRA J. LEATHERY
96 PINE RIDGE ROAD
EAST BERLIN, PA 17316
FILE NUMBER:
21 11
~TIONSHIP TO DECEDENT
Do Not List Trustee(sl
Collateral
Collateral
O.oO
0.00
~ ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV 1500 COVER SHEET AS APPROPRIATE
II. NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAXIS NOT TAKEN;
1.
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS:
AMOUNT OR SHARE
OF ESTATE
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. I $
If more space is needed, use additional sheets of paper of the same size.
~.LL,~criaur~iuuiiu~~.ueu~su~anxrora, xoaney L. ~r~wui.aoc n
June 4, 2010 _ '-' .~
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LAST WILL AND TESTAMENT -`
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RODNEY D. LANKFORD, JR. y -' ~ T
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I, RODNEY D. LANKFORD, JR., of Shermans Dale, Perry County,. Pennsylvania, being of
sound and disposing mind, memory and understanding, do hereby make, publish and declare this my
Last Will and Testament, hereby revoking any and all prior Wills and Codicils thereto by me a t anytime
heretofore made.
1. IDENTIFICATION OF FAMILY. I acknowledge that I have a daughter named JEWELL
LANKF'ORD who is not provided for in this will. I do not have a relationship with my daughter
and it is my specific intention to not provide for JEWELL LANKFORD under the terms of my
Will.
2. PAYMENT OF BURIAL EXPENSES AND DEBTS. I authorize my executor to pay all the
expenses of (1) a funeral or memorial service; (2) the interment of my remains, including the
costs of a gravesite, if necessary; and (3) the installation and inscription of a suitable marker at,
and perpetual care of, the gravesite. I further direct my executor to pay all of my debts that my
executor in his or her sole. discretion may allow as claims against my estate.
3. DISPOSITION OF TANGIBLE PERSONAL PROPERTY. I give all of my tangible
personal property of every kind and description, including, but not limited to, books, pictures,
clothing, articles of household or personal use or adornment, household fiu-nishings and effects,
and automotive vehicles and their accessories, but excluding any money, evidences of
indebtedness, documents of title, and securities and property used uZ connection with the
operation of any trade or business, in equal shares, to my nephew, FRED L. LAUER, and my
niece, SANDRA J. LEATHERY, as follows: I direct my executor to divide my tangible
personal property into two parts. The first part shall contain all items that my executor
determines, to be of no present or future value or to my above-named nephew or niece. The
second part shall contain the balance of the property. My executor shall dispose of the first part
by sale, abandonment, destruction, or gift to any charity or person. The proceeds of any sale shall
be added to my residuary estate.. All property in the second part I give, in substantially equal
shares to my above-named nephew and niece. The decision of my executor shall be conclusive
and binding on all persons interested in my estate.
4. DISPOSITION OF RESIDUARY ESTATE.
4.1 Disposition. All of the rest, residue and remainder of the property that I own at the time
of my death, both real and personal, and of every kind and description, wherever situated, to
which I may be legally or equitably entitled at the tune of my death (my "residuary estate"), I give
outright .and absolutely to my nephew, FRED L. LAVER, and my niece, SANDRA, J.
LEATHERY or the survivor between them to retain or distribute among my heirs as they shall
agree.
1
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June 4, 2010
4.2. h1 the event both FRED J. LAUER and SANDRA J. LEATHERY. are not living on the
sixtieth (60) day after the date of my death, I leave all the rest, residue and remainder of the
property that I own at the time of my death, both real and personal, and of every kind and
description, wherever situate, to which I may be legally or equitably entitled at the time of my
death (my "residuary estate") to be divided in equally among my nieces and nephews, whose
names are as follows: RORY GROSS, SCOTT GROSS, STEVE GROSS, CRAIG GROSS,
ALICE L. LEBO, PATTI A. LAUER and MIKE L. LAUER.
5. POWERS OF ADMINISTRATION.
5.1. Grant of Powers. My executor, in the administration of my estate, (my "fiduciaries")
shall have the powers and authorities set forth in this Article 5. These powers and authorities
may be exercised by my executor and trustee in their sole and absolute discretion, without the
permission or order of any court. .These powers shall be supplementary to those conferred by
law, including, but not limited to, those set forth in Title 20, Chapter 33, of the Pennsylvania
Consolidated Statutes.
5.2. Retention of Assets. My fiduciaries shall have the power to retain any or all property of
my estate, however received and acquired, for so long as they deem appropriate. This power may
be exercised even though the property may not be of the type authorized by law for investment,
and even though the retention may leave a disproportionately large amount of the value of my
estate invested in one type of property.
5.3. Transfer of Assets. My fiduciaries shall have the power to sell, transfer, and convey any
property, of whatever nature, including real property, and wherever situated, that I may own at
the time of my death, or that may come into my estate or after my death. The sale, transfer, or
conveyance may be by public or private sale, at such time, on such terms and conditions,
including selling price and credit, in such manner, and for any reason that my fiduciaries deem
appropriate, including, but not limited to, the purpose of obtaining net proceeds to be distributed
to my residuary beneficiaries.
5.4. Investment. My fiduciaries shall have the power to invest and reinvest any properly in
my estate in preferred and common stocks, bonds, notes, common trust funds (including any
managed by any corporate fiduciary), interests in investments, trusts, mutual funds, leases,
mortgages on property wherever located, and, generally, in any property and in proportions of
property as my fiduciaries deem advisable, even though the investments are not of the character
or proportions authorized by applicable law for the investment of the funds.
5.5. Power to Borrow. My fiduciaries shall have the power to borrow money for any
purpose, for any periods of time, and on any terms and conditions as they deem advisable
(including the power to borrow from any corporate fiduciary), and to pledge, mortgage, or
otherwise encumber any property in my estate to secure repayment of any loan, as well as the
power to renew existing loans either as maker or endorser.
5.6. Power to Hold Property in Nominee Form. My fiduciaries shall have the power to
hold any property in the name of a nominee or in bearer form.
2
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June 4, 2010
5.7. Distribution in Cash or in Kind. My fiduciaries shall have the power to make
distributions in cash or in kind, or partly in cash, in divided or undivided interests, as amended,
or other applicable law, and to determine which assets shall be sold and which shall be
distributed in kind, without notice to or consent by any beneficiary.
5.8. Distribution to Minors and Persons Under Disability. My fiduciaries shall have the
power to make distributions or payments to or for the benefit of any beneficiary who is a minor,
an incompetent, or who in the fiduciaries' judgment is incapacitated. The distributions or
payments shall be made in any one or more of the following ways: (1) directly to the beneficiary;
(2) directly to the creditor in payment of the debts or expenses of the beneficiary;. (3) to the
guardian of the person or estate of the beneficiary; (4) to any custodial parent of a minor
beneficiary; (5) to a custodian for the beneficiary under any law related to gifts to minors,
including to my fiduciaries in that capacity; or (6) to any other person who shall have the care
and custody of the person of the beneficiary. There shall be no duty to see to the application of
funds so paid, provided due care was exercised in the selection of the person to whom the funds
were paid, and the receipt of the person shall be full acquittance of the fiduciaries.
5.9. Continuation or Liquidation of Business. My fiduciaries shall have the power to
continue or to permit the continuation of any business, incorporated or unincorporated, in which I
may have any interest at the time of my death for any period of time, or to liquidate the business
on any terms as they deem appropriate. This power includes, but is not limited to (1) the power
to invest additional sums in any business, even to the extent that my estate may be invested
largely or entirely in the business, without liability for any loss resulting from lack of
diversification; (2) the power to act as or to select other persons to act as directors, officers, or
employees of any business, to be compensated without regard to being a fiduciary under this
Will; and (3) the power to make any other arrangements in regard to any business as my
fiduciaries shall deem proper.
5.10. Employment of Agents. My fiduciaries shall have the power to employ and pay the
compensation of any and all attorneys, agents, custodians, attorneys-in-fact, experts, investment
counsel, accountants, bookkeepers, or other agents or providers of services as my fiduciaries
deem advisable in the administration of my estate.
5.11. Commissions. My fiduciaries shall have the power to take reasonable commissions on
account at any time during the administration of my estate without the approval of any
beneficiary or of the court, but subject to allowance or disallowance on the settlement of the final
accounts of my fiduciaries.
5.12. Third Party Reliance. No person or .corporation dealing with my executor shall be
required to see to the application of any property paid or delivered to my executor, or to inquire
into either the authority of my executor to enter into -any transaction or the expediency or
propriety of any transaction entered into by my executor.
5.13 Charitable Donations. In the .event that any of my tangible personal property is donated
to a charitable organization(s) then my fiduciary is instructed to use the value of said donation(s)
3
U:\LifePlanPortfolio\Clients\I.ankford, Rodney D. Jr\Will.doc
June 4, 2010
as an inheritance tax deduction for any inheritance tax return which may be required to be filed as
a consequence of my death.
6. PAYMENT OF DEATH TAXE5.
6.1. Payment of Estate Taxes. I direct that all federal and Pennsylvania estate taxes payable
as a result of taxes assessed on property passing under this Will shall be paid from my residuary
estate as a part of the expenses of the administration of the estate.
6.2. Inheritance Tax. I direct that the Pennsylvania inheritance taxes payable as a result of
my death, limited to taxes assessed on property passing under this Will, shall be paid out of my
residuary estate and shall not be deducted or collected from any beneficiary under this Will or
other transferee.
7. EXECUTOR.
7.1. Appointment. I name, constitute, and appoint my nephew, FRED L: LAVER, and my
niece, SANDRA J. LEATHERY, as co-executors of my estate.
7.2. Bond Not Required. None of the individuals named in Section 7.1 shall be required to
furnish a bond for the faithful performance of his or her duties as executor.
8. PRESUMPTION IN CASE OF SIMULTANEOUS DEATH. For the purposes of this Will, in
determining whether a person has survived me or another person, a person shall not be deemed to
have survived me or another person if he or she dies within sixty (60) days of my death or of the
death of the other person.
9. LIABILITY OF EXECUTOR. My executor shall not at any time be liable for mistake of law
or of fact, or both law and fact, or errors of judgment, nor for any loss coming to any beneficiary
under this Will, or to any other persons, except through actual fraud or willful misconduct on the
part of the executor or trustee. My executor may, from time to time, consult with counsel with
respect to the meaning, construction, and operation of this Will, particularly with respect to the
appointments, allocations, and disbursements, and may act on the advice of counsel in all matters
without incurring liability on account of his or her actions.
10. INTERPRETATION.
10.1 Successors of Fiduciaries. All pronouns referring to an executor and the term
"executor" shall be construed to mean any person acting as my executor, co-executor, personal
representative, or administrator, as the case maybe.
10.2 Number and Gender. If required by the context of this Will, singular language shall be
construed as plural, plural language shall be construed as singular, and the gender of personal
pronouns shall be construed as either masculine, feminine, or neuter.
U:\LifePlanPortfolio\Clionts\Lanl;ford, Rodney D. Jr\Will.doc
June 4, 2010
COMMONWEALTH OF PENNSYLVANIA )
SS.
COUNTY OF CUMBERLAND ~
I, RODNEY J. LANKFORD, JR., THE TESTATOR, WHOSE NAME IS SIGNED TO THE
FOREGOING INSTRUMENT, HAVING BEEN DULY QUALIFIED ACCORDING TO LAW, DO HEREBY
ACKNOWLEDGE THAT I SIGNED AND EXECUTED THE INSTRUMENT AS MY LAST WILL AND
TESTAMENT; THAT I SIGNED IT WILLINGLY; AND THAT I SIGNED IT AS MY FREE AND
VOLUNTARY ACT FOR THE PURPOSES THEREIN EXPRESSED.
SWORN OR AFFIRMED TO AND ACKNOWLEDGED BEFORE ME BY RODNEY J. L.ANT~'ORD,
JR., THE TESTATOR THIS 4~' DAY OF JUNE, 2010.
COMMONWEALTH OF PENNSYLVANIA
Notarial Seal
Mildred M. O'Donnell, Notary Public
Camp Hili 13oro, Cumberland County
M Commission Expires Auk, 30, ^0 ~ 0
Membaf; Penn~ylv~nl~ Aa9aelation of Notarirs
COMMONWEALTH OF PENNSYLVANIA )
SS.
COUNTY OF CUMBERLAND 1
wE, ~-~ rc~ 3 . ~.~ ~Ov AND _ ~ %!~,'~ J~ ~.cd.f.~-~-
THE WITNESSES WHOSE NAMES ARE SIGNED TO THE FOREGOING INSTRUMENT, BEING DULY
QUALIFIED ACCORDING TO LAW, DEPOSE AND SAY THAT WE WERE PRESENT AND SAW THE
AFORESAID TESTATOR SIGN AND EXECUTE THE INSTRUMENT AS HIS LAST WILL AND
TESTAMENT; THAT HE SIGNED WILLINGLY AND THAT HE EXECUTED IT AS HIS FREE AND
VOLUNTARY ACT FOR THE PURPOSES THEREIN EXPRESSED; THAT EACH OF US IN THE
HEARING AND SIGHT OF THE TESTATOR SIGNED THE WILL AS WITNESSES; AND THAT TO THE
BEST OF OUR KNOWLEDGE THE TESTATOR WAS AT THE TIME EIGHTEEN (18) OR MORE YEARS
OF AGE, OF SOUND MIND AND UNDER NO CONSTRAINT OR UNDUE INFLUENCE.
SWORN OR AFFIRMED TO AND SUBSCRIBED TO BEFORE ME, THIS 4"' DAY OF JUNE, 2010.
WITNESS
COMMONWEALTH OF PENNSYLVANIA
Notarial Seal _~L.fif.~i ~~G,de,.e,...~
Mildred M. O'Donnell, Notary Public WITNESS
Camp Hill Boro, Cumberland County (~ y~
My Commission Expires A~!r,. 30.20 ; 0 (~(~~ y J "~ ~~-" ~~~
Memder~ Pennsylvania RNeealBElt±n pf Nataries
NOTARY PUBLIC