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HomeMy WebLinkAbout08-10-12 1505610101 - REV-1500 Ex(oa -ro) PA Department of Revenue OFFICIAL USE ONLY penrnylvaMa Bureau of Individual Taxes ~~.., .,,, ...~.. e Count Code Year File Number y INHERITANCE TAX RETURN ' PO BOx 25o6o1 _ Harrisburg, PA 17128-0601 . RESIDENT DECEDENT ~ ~ ' / t ~ a c5-~ ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 12111 ' 09/09/1930 Decedent's Last Name Suffix Decedent's First Name MI Owens Gladys M (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW t~ 1. Original Return O 2. Supplemental Return O 3. Remainder Return (date of death prior [o 12-13-82) O 4. Limited Estate O 4a. Future Interest Compromise (tlate of O 5. Federal Estate Tax Return Required death after 12-12-82) i~ 6. Decedent Died Testate O 7. Decedent Maintained a Living Trust 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) O 9. Litigation Proceeds Received O 10. Spousal Poverty Credit (date of death O 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 Andrew C. Sheet , Es uire Y q tit.. `'' 717-697-7050 ~ ~ rv i~*t . x,,. .~ REGISTER OV~~SO6E O! ~' First line of address r 127 South Market Street ~~ ~" ' c~ - T Second line of address y fU D- •• '~'- `l'1 `~~ P.O. Box 95 art, „~ ~ City or Post Office State ZIP Code DATE FILED Mechanicsburg PA .17055 Correspondent's a-mail address: Under penahies of peryury, I declare that I have examined this return, inGuding accompanying schedules and statements, and to the best o(my knowledge and belief, 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. Colban, cut , 1079 West Trindle Road, Mechanicsburg, PA 17055 C. Sheely, Esquire, 127 South Market Street, P.O. Box 95, Mechanicsburg, PA 17055 PLEASE USE ORIGINAL FORM ONLY Side 7 1505610101 ~i~~zplZ / 1505610101 J Decedent's Name: OW@fIS, Gladys M. RECAPITULATION • 1. Real Estate (ScheduleA) ... ......... ......... .......... ....... 1 $122,200.00.; 2. Stocks and Bonds (Schedule B) ....................................... Z ' 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ..... 3. 4. Mortgages and Notes Receivable (Schedule D) ........................... 4. 5. Cash, Bank Deposits and Miscellaneous Personal Property (Schedule E)....... 5. 50 583.95 6. Jointly Owned Property (Schedule F) O Separate Billing Requested ....... 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) O Separate Billing Requested........ 7. 8. Total Gross Assets (total Lines 1 through 7) ....... . ......... ......... 8. -...__ $172,783.95',, 9. Funeral Expenses and Administrative Costs (Schedule H) ............. ...... 9. 3,416.69', 10. Debts of Decedent, Mortgage Liabilities, and Liens (Schedule I) ..... .. ..... 10 29,037.10 11. Total Deductions (total Lines 9 and 10) ........................... ...... 1t. ', 32,453.79! 12. Net Value of Estate (line 8 minus Line 11) ........................ ...... t2 '.. 140,330.16 13. Chadtable and Governmental Bequests/Sec 9113 Trusts for which ~ ~ ~~ ": an election to taxhas not been made (Schedule J) .................. ...... 13. '.. 14. Net Value SubJeet to Tax (Line 12 minus Line 13) .................. ...... 14. 140,330.18 TAX CALCULATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers andor cec. 9116 _... (a)(1.2) X .0. ' 15. 16. Amount of Line 14 r~~able at lineal rate X.045 140,330.16',. 16. __ 6,314.85, 17. Amount of Line 14 taxable ......_ _.__ _...... ........ ._ at sibling rate X .12 '.. '. 17. ', ' 18. Amount of Line 14 taxable ~ ......... ._..... , _. _..... ._... __ ......_. ..._ at collateral rate X .15 '. 18. '. 19. TAX DUE ......................................................... 19. REV-1500 EX 1505610105 Decedent's Social Security Number 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT 1505610105 Side 2 8,314.85 1505610105 J REV-1500 EX Page 3 Decedent's Complete Address: File Number ~ / _ ~! _ ~ ^~ DFCFnFNPS NAMF Gladys M. Owens grocer nnnocec -.____-__-_-_ ___._. .__.._-____ 207 East Locust Street cMechanicsburg I srATFpq ' Z117055 i Tax Payments and Credits: 1. Tax Due (Page 2, Line 19) (i) $6,314.85 2. Credits/Payments - A. Prior Payments _ $6,000.00 B. DiscCUnt 315.78_ Total Credits (A+ B) (2) $6,315.78 3. Interest (3) $ .93 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 TO to request a refund. (4) 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. 9*:':it3hro~sAk xae4v tarvxrtvecaruscvru,n:w.~n.,wcuawrc,vw.,uM.,,wv......, $0.00 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, benefts or pre? ................................................................ ...... ^ 2. If death occurred after Dec. 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ........................................................................................................ ...... ^ 3. Did decedent own an "intrust 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 benefciary designa0on? .................................................................................................................. ...... ^ ~. IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. ~:~, ~ ". ~ :~: a .. `.i"#~~i1~... ~?" ~ _ "-.'I~';~'iF ~~ "('. For dates of death on or after July 1, 1994, and before Jan. 1, 1995, the lax 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 ig 0 percent 172 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a tansfer 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 (/2 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 benefiaades 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. COMIyIONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280fi01 HARRISBURG, PA 1J128~0601 RECEIVED FROM: REV-1162 EX~71-96~ PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT N0. CD 015528 COLBAN CARMELLA 1079 WEST TRINDLE ROAD MECHANICSBURG, PA 17055 cola ESTATE INFORMATION: ssN: 177-2a-5962 FILE NUMBER: 211 1-1255 DECEDENT NAME: OWENS GLADYS M DATE OF PAYMENT: 01/31/2012 POSTMARK DATE: O1 /31 /2012 COUNTY: CUMBERLAND DATE OF DEATH: 1 1 / 1 2/201 1 REMARKS: RECEIPT TO ATTY SEAL CHECK# 509 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 ~ 56,000.00 TOTAL AMOUNT PAID: INITIALS: WZ RECEIVED BY: 56,000.00 GLENDA EARNER STRASBAUGH REGISTER OF WILLS TAXPAYER REV-tsbz Ex+ (ir-oat `; ~ ~~ ~ Pennsylvania SCHEDULE A DEPARTMENT OF REVENUE INHERITANCE TAH RETURN REAL ESTATE RESIDENT DECEDENT ESTATE OF FILE NUMBER Gladys M. Owens 21-11-1255 All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as [he price at which property would be exchanged between a willing buyer antl 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 settlemert 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 t. Decedent's residence located at 207 East Locust Street, Mechanicsburg, Cumberland County, Pennsylvania. 17055. Tax Parcel #17-23-0565-135 $122,200.00 2010 tax assessment value X CLR 1.00 $122,200.00 The real estate has been listed for sale for an extended period of time and the sales price has been reduced to 5119.000.00 due to the condition of the real estate. TOTAL (Also enter on Line 1, Recapitulation.) I $ $122,200.00 If more space is needed, insert additional sheets of the same size. TaxDB ResW[ De[ails Detailed Results for Parcel 17-23-0565-135. in the 2010 Tax Assessment Database DistrictNo 17 Parcel_ID 17-23-0565-135. MapSuffix HouseNo 207 Direction E Street LOCUST STREET Owned OWENS, GLADYS M C/O PropType R PropDesc LivArea 1362 CurLandVal 29200 CurImpVal 93000 CurTotVa1 122200 CurPretVal Acreage .06 C1GrnStat TaxEx I SaleAmt SaleMo SaleDa SaleCe SaleYr DeedBkPage 0024)-00198 YearBlt 1900 HF_File_Date 10!20/2004 HF_Approval_Status A http: / /taxdb.ccpa.net/details.asp?id=17-23-0565-135.&dbselec[=1 11/15/112:52 PM Page 1 of 1 REV-1558 EX. (6-98) SCHEDULE E COMMONWEALTH OF PENNSYLVANIA CASH BANK DEPOSITS & MISC. INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF Gladys M. Owens Inclutle the proceeds of litigation and the tlate the proceeds were received by the estate. All property Jolntlyowned with right of survivorship must be tlisclosetl on Schetlule F. ITEM 1. PNC checking Acct. #5070056301, principal at date of death, $8,585.26, $0.00 accrued interest 2. PNC Savings Acct. #5004996696, principal at date of death, $40,101.841 $0.88 accrued interest 3. Decedent's personal property, per Chuck Bricker, appraisal 4. Verizon refund 5. Erie Insurance refund 6. Central Penn Internists - copay refund TOTAL (Also enter on line 5, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) FILE NUMBER 21-11-1255 $8,585.26 $40,102.69 $1, 725.00 $59.00 $97.00 $15.00 50, 583.95 N'ov.88. 2('1' 2:14PM PNC BANK ~PNC I:enniNOt-tl=.wAr November 30, 2011 Andrew Sheely 127 S Market 5t Mechanicsburg, PA 17055 RE: Name: Gladys M Owens 55N:177-245962 DOD: 11-12-2011 Dear Mr. Sheely: No. 1498 P. 1/2 In response to your request for Date of Death (DODJ balances for the customer noted above, our rewrds show the following: Checking Aaourtt Account #5070056301 Established: 05-09-1984 GLADYS M OWENS DOD balance: $8,585.26+0.00 accrued interest Savings Account Account #5004996696 Established: 08-28-2006 GLADYS M OWENS DOD balance: $40,101.81+0.88 accrued interest Loan Account The decedent maintained Loan Account #4001008114264999, For further information and assistance, please contact 1-888-762-2265. Select option 1, then option 3 and then D (zero). After pressing zero, please remain on the line to speak with a Loan Financial Service Consultant. Page 1 of 2 APPRAISAL Personal Property of G-~1{dy S O ~ ~,U s ~ 57~} T~ ,~ 0 7 ~, ~ Uc U s 7 ST , M~C~f.~ 9 J~~ Appraised by Chuck E. Bricker AU094L Date 11-1 i; - I 1 ITEM VALUE ITEM VALUE DUES T 7S do r C--- - IDD<Da ER ` L~5 Q U 3 Ps 3b, o6 LL tJ r'r b ao E ocKL DaD Boa ;50,oa CU F EE 9' B[-F D. o0 Fo~'~ T'~L~ o0 LU L MP 40b o~ 2d,c'a I/~c~ D~~ 77» ~S~C t2o 00 5 r E C /R S OD ti /IJ,DJ .mil°C /~/,(/ETTE SET c)U ENE NE ado .. ~~ pL e R ~p T .~~ Uil l G D /~/ !~G` , OD 0 ~~bvE~s~ T 1DO~~ Pc o aL~ sE GD bo HPS D, b D C /~ S beKE /~ 0~ i2e=sS~ 6,ba 6 RAY c ~~ST 3 ,b0 ,3 Pc. / !N ~ BEd QH, S6 b v7a /N/}SIf~R ~'D2%E R Q 6. ail SST D/S/!ES SOTS^P,{-NS-P/cTS 80, o0 G s 6- a 1 / ,\~Ol 1 .1 i / 1 F7 / , ~ • - ' 1 U s , Rev-ISil ex+ (lo-os] ~ Pennsylvania DfPAgTMENT OF gEVENUE INHERITANCE TA% RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Gladys M. Owens 12-11-1255 Decedent's debts must be reported on Schedule I. REM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1' Myers Buhrig Funeral Home -final bill $409.47 e. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: $500.00 Name(s) of Personal Representative(s) Carmella Colban Street Address 1079 West Trindle Road C;ry Mechanicsburg state PA zIP 17055 Year(s) Commission Paid: $1, 500.00 z. Attorney Fees: Andrew C, b~lecly~ ~syu/i'e, ~FJer ~ ~ccr~-Z~n~ 3. Family Exemption: (lf 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: $315.50 S. Accountant Fees: $60.00 6. Tax Return Preparer Fees: ~. Filing Fee $15.00 B. Postage $16.72 sa. Reserves to conclude Estate administration, f nal accountings $600.00 TOTAL (Also enter on Line 9, Recapitulation) I ¢ 3,416.69 If more space is needed, use additional sheets of paper of the same size. Phone: nn~ 766.3431 Fax: om 795.7291 37 Pas[ Main Street Mechanicsburg, PA 17055 www.Myers-Buhrig.com Directors@Myers-Buhrig.com Robert "Bob" L. Buhrig, Jc. F~~. s°,.,.;,,,, • William "Bill" L. Christopher. F~~ Carmella Colban 1079 W. Trindle Rd. Mechanicsburg, PA 17055 12,2011 ~ PS I Professional Services $ 5,012.00 ', FSE Factlities, Staff and Equipment i $ 1,328.00 V Vehides $ 658.00 V Vehides-Add Limousine $ 165.00 I M Merchandise $ 1,695.00 it CA-Cemetery ~ i Cash Advance -Cemetery $ 1,195.00 ~ CA-Newspape ' ~ Cash Advance -Newspapers it $ 335.00 CA-Clergy Cash Advance -Clergy $ 150.00 CA-Death Cen 8.00 Cash Advance -Death Cerrfifigtes $ 6.00 $ 48.00 CA-Flowers Cash Advance -Flowers $ 344.00 CA-Reception Cash Advance -Reception $ 525.00 M 5.00 Merchandise-Additional Candles $ 35.00 I $ 175.00 CA-Reception 5.00 Reception Adjustment - 5 addiional meals $ 15.00 $ 75.00 ~, ~ CORRECTED AND UPDATED INVOICE i ^t I ,r i ~ ~ ~. ~~ ~ I I I~~l~l` INVOICE Invoice Number: 10206 Invoice Date: Nov 13, 2011 Page: 1 Net 30 Days William L Christopher Subtotal V ~~ Sales Tax Total Invoice Amount PaymenUCredit Details: Multiple Payments / PaymenUCredit Applied Received --... 'ue accounts are subject to late charges of 1.5°k per month. 1.705.00 $11,705.00 'Iliank you for allowing us the privilege of serving you and your family. RECEIPT FOR PAYMENT ------------------- ------------------- GLENDA FARNER STRASBAUGH Cumberland County - Register Of Wills One Courthouse Sc(uare Carlisle, PA 17Q13 OWENS GLADYS M Estate File No.: Paid By Remarks: ------------------- Fee/Tax Description 2011-01255 CARMELLA COLBAN wz PETITION LTRS TEST WILL SHORT CERTIFICATE JCS FEE AUTOMATION FEE Cash Total Received......... Receipt Date: 11/23/2011 Receipt Time: 10:27:32 Receipt No.: 1067835 Receipt Distribution ----- ------- -- ---- Payment Amount Payee Name 260.00 CUMBERLAND COUNTY GENERAL FUN 15.00 CUMBERLAND COUNTY GENERAL FUN 12.00 CUMBERLAND COUNTY GENERAL FUN 23.50 BUREAU OF RECEIPTS & CNTR M.D 5.00 ---------------- CUMBERLAND COUNTY GENERAL FUN $315.50 $315.50 REV-1512 EX+ (12-OS) ~ Pennsylvania SCHEDULE I ^EPAgTMENT OF gFVENUE DEBTS OF DECEDENT, '""ER'T""cE T"X RET°R" MORTGAGE LIABILITIES & LIENS RESIDENT DECEDENT ESTATE Of FILE NUMBER Gladys M. Owens 21-11-1255 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 1. Lawn Maintenance 2. Misc. home repairs - Lowes and True Value 3. PNC Bank loan payoff-Acct. #H216110773, encumbering residence a. Verizon -final bill 5. PPL -ongoing/final amount due 6. United Water -ongoing/final amount due 7_ UGI -ongoing/final amount due 8. Crystal Springs Water -final bill 9. Pinnacle Health copay 10. Sewer and trash -ongoing/final amount due Mechanicsburg Borough 11. Decedent's 2011 final State and Federal income lax 12. Decedent's Homeowner Insurance -ongoing/final amount due 13. Decedent's 2012 County/Borough tax (paid during sale of home) 14. Decedent's 2011 real estate taxes $35.00 $207.59 $23,427.94 $226.17 $673.75 $147.61 $1,045.97 $14.76 $20.00 $517.78 $152.90 $474.97 $563.66 $1, 529.00 TOTAL,(Also enter on Line 10, Recapitulation) I; 29037.10 If more space is needed, insert additional sheets of the same size. REV-1513 EX* (300) SCHEDULE J coMMONwEALTH of PENNSr~vANIA BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Gladys M. Owens NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY t TAXABLE DISTRIBUTIONS (include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)J 1. Phyllis A. Henneman, 111 Fairway Drive, Carlisle, PA 17015 2. Rose M. Neidig, 123 East Locust Street, Mechanicsburg, PA 17055 3. Carmella Colban, 1079 West Trindle Road, Mechanicsburg, PA 17055 4. Holly Owens, 206 Emaus Street, Middletown, PA 17057 5. Joseph C. Owens, Jr., 13 Heathglen Road, Middletown, PA 17057 II FILE NUMBER 21-11-1255 RELATIONSHIP TO DECEDENT I AMOUNT OR SHARE Do Not Llat Trustsefsl (IF ESTATE Daughter Daughter Daughter Daughter Step-Son 20% rest, residue of Estate 20% rest, residue of Estate 20% rest, residue of Estate 20% rest, residue of Estate 20% rest, residue of Estate ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET NON-TA7(ABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET I $ (If more space is needed, insert additional sheets of the same size) LAST WII,L AND TESTAMENT OF GLADYS M. OWENS I, GLADYS M. OWENS, of 207 East Locust Street, Mechanicsbw•g, (Borough of Mechanicsburg), Curnberiand County, Pennsylvania, make, publish and declare this as and for my Last Will and Testament, hereby revoking alt other Wills and Codicils heretofore made by me, FL_RS_: I direct that all inheritance, estate, transfer, succession and death taxes, as well as my just debts and funeral expenses, of any kind whatsoever, which may be payable by reason of my death, shall be paid out of the principal of my estate as the same can conveniently be done. SECOND: I give, devise and bequeath all the rest, residue and remainder of my estate of whatever nature and wherever situate, including any property over which I hold power of appointment and together with any insurance policies thereon, as follows: (a) Twenty percent (20°/;) thereof unto my daughter, PHYLLIS A. I-IENNEMAN, of Newville, Pennsylvania, provided that should PHYLLIS A. I~l\NEMAN predecease me, I give ~md bequeath her share unto her issue, per stirpes; ~-,.nd (b) Twenty percent (.70%) thereof unto my daughter, ROSE M. ~ NEIDIG, of Mechanicsburg, Pen-~sylvania, provided that should ROSE M. ~' NEIDIG predecease me, I give a~.td bequeath her share unto her issue, per stirpes; and (c) Twenty percen* (20%) thereof unto my daughter, CARMELLA COLBANS of Mechanicsburg, Pennsylvania, provided that should CARMELLA COLBAN predecease me, I give and bequeath her share unto her issue, per stirpes; and (d) Twenty percent (20%) thereof unto my daughter, HOLLY OWENS, of Middletown, Pennsylvania, provided that should HOLLY OWENS predecease me, I give and bequeath her share unto her issue, per stirpes; and (e) Twenty percent {20%) thereof unto my step-son, JOSEPH C. OWENS, JR., of Middletown, Pennsylvania, provided that should JOSEPH C. OWENS predecease me, I give and bequeath his share unto his issue, per stirpes. THIRD: In addition to all powers granted to them by law and by other provisions of this Will, I give the fiduciaries acting hereunder the following powers, applicable to all property, exercisable without court approval and effective anti! actual distribution of all property: (A) To sell at public or private sale, or to lease, for any period of time, any real or personal property and to give options for sales, exchanges or leases, for such prices and upon such terms (including credit, with or without security) or conditions as are deemed proper. This includes the power to give legally sufficient instruments for transfer of the property and to receive the proceeds of any disposition. (B) To partition, subdivide, or improve real estate and to enter into agreements concerning the partition, subdivision, improvement, zoning or management of real estate and to impose or extinguish restrictions on real estate. (C) To compromise any claim or controversy and to abandon any property which is of little or no value. (D) To invest in all forms of property, including stocks, common trust funds and mortgage investment funds, without restriction to investments authorized for Pennsylvania fiduciaries, as are deemed proper, without regard to any principle of diversification, risk or productivity. 2 (E) To exercise any option, right or privilege granted in insurance policies or in other investments. (F) To exercise any election or privilege given by the Federal and other tax laws, including, but not necessarily being limited to, personal income, gift and estate or inheritance tax laws. (G) To make distributions to my herein named beneficiaries in cash or in kind or partly in each. (H) To borrow money from themselves or others in order to pay debts, taxes, or estate or trust administration expenses, to protect or improve any property held under my will, and for investment purposes. (I) To select a mode of payment under any qualified retirement plan (pension plan, profit sharing plan, employee stock ownership plan, or any other type of qualified plan) to the extent provided for by the plan or the law. FOURTH: I nominate and appoint CARMELLA COLBAN, Executrix, of this, my Last Will and Testament. In the event of the death, resignation or inability to serve for any reason whatsoever of CARMELLA COLBAN, I nominate and appoint my gr3nddau;hter, CARA A. COLBAN, of Mechanicsburg, Pennsylvania, Executrix of this, my Last Will and Testament. I direct that my Executrix and her successor shall not be required to post security or a bond for the performance of their duties in any jurisdiction. IN WITNESS WHEREOF, I have hereunto set my hand and seal to this, my Last Will and Testament, this ~©~ day of August, 2008. ~ (SEAL.,) GLADYS M. OV 5 3 Signed., sealed, published and declared by the above-named Testatrix as and for her Last Will and Testament in our presence, who, at her request, in her presence and in the presence of each other, have hereunto subscribed our names as attesting witnesses. Address i ~ °~-Name ,~/ ~/?, yy~j Add ~~ /~"J.SS ~/ N e a