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HomeMy WebLinkAbout09-10-12NOTICE OF CHARITABLE GIFT ~ Q _ ~ ~ ~ (In Accordance with Pa. O.C. Rule 5.5) ~ c,~a ._ rn c.:~ t-~'r ~ ?.; Z Cs' O ~ C -J' ; ~ COURT OF COMMON PLEAS OF b~~ _~ ~ °== m' ~= CUMBERLAND COUNTY, PENNSYLVANIA a _, ~~ ORPHANS' COURT DIVISION ~' ESTATE OF FLORENCE M. FASICK No. 21-12-0271 Chief, Charitable Trusts and Organizations Section Office of the Attorney General Dear Sir or Madam: Notice is given of a charitable gift as follows: 1. The nature of the present proceeding is: SETTLOR ~ DECEASED Date: September 7, 2012 (a) An Account which has been or will be listed for Audit in the Orphans' Court on October 9 2012 in Cumberland County, Carlisle, Pennsylvania (State name ofCowthouse and town/city.) The time and place of the Audit is Court Room 1 at 9:30 o'clock. If not provided herein, the time and location will be provided upon request when that information becomes available. (b) If the proceedings are other than an Account, state the nature of the proceedings and the place, date and time fixed for hearing: N/A • If more space is required, attach additiovai sheets. Form OC-06 ter. 10.!3.06 Page 1 of 4 Estate of FLORENCE M. FASICK ~Settlor /~ Deceased 2. Charitable gifts are made as follows: (a) Give full names and addresses of charities, and names and addresses of counsel, if any. Please see attached. (b) If pecuniary legacies, state exact amounts and indicate whether legacies will be or have been paid in full; if not give reasons therefor. All pecan legacies are propose3 to be paid in full in accordance with the First Final Account and Statement of Proposed Distribution. (c) If the charitable interest is a future interest and the estimated present value of the property involved exceeds $25,000, a brief description thereof including the conditions precedent to its vesting in enjoyment and possession, the names and ages of persons known to have interests preceding such charitable interest, and the approximate market value of the property involved. N/A (d) if residuary gift, state nature and value of share. Please see attached. Fornt OC-06 rer. 10.13.06 Page 2 of 4 Estate of FLORENCE M. FASICK ~ Settlor ~ Deceased 3. Provide a brief statement of all pertinent questions to be submitted to the Court for Adjudication, including unresolved claims and any material questions of interpretation or distribution which may affect the value of the charitable interest. None 4. The names and addresses of the fiduciaries are (state whether Executors and/or Trustees): James D. Bogar, Executor James D. Bogar Law Offices One West Main Street Shiremanstown, PA 17011 5. The names and addresses of counsel for the fiduciaries: James D. Bogar, Esquire James D. Bogar Law Offices One West Main Street Shiremanstown, PA 17011 6. The names and addresses of counsel for any charity who has received notice or has appeared for it: Attorney for Elizabethtown College: Kendra D. McGuire, Esquire McNees, Wallace & Nurick, LLC 570 Lausch Lane, Suite 200 Lancaster, PA 17601-3057 Form OC-06 rev. 10.13.06 Page 3 of 4 Estate of FLORENCE M. FASICK 0 Settlor ~ Deceased 7. (a) A copy of the instrument creating the gift is attached hereto. (b) If the gift is other than a pecuniary legacy which will be paid in full, there is attached hereto: (1) A copy of the Account, if one has been filed (2) A copy of any other relevant documents Very truly yours, sgn twe James D. Bogar, E ire ID No.19475 Attorney's Name and Supreme Cow~t LD. No. One West Main Street Attorney's Address Shiremanstown, PA 17011 (717)737-8761 Attorney's Te/ephone Form OC-06 rer. !0.13.06 Page 4 of 4 Attachment to NOTICE OF CHARITABLE GIFT (In Accordance with Pa. O.C. Rule 5.5) 2. Charitable Gifts are made as follows: (a) Give full names and address of charities, and names and addresses of counsel, if any. Charity: Bethesda Mission 611 Reilly Street Harrisburg, PA 17102 Elizabethtown College One Alpha Drive Elizabethtown, PA 17022 Nursing Foundation of Pennsylvania 2578 Interstate Drive Suite 101 Harrisburg, PA 17110 Counsel for Charity: Kendra D. McGuire, Esquire McNees, Wallace & Nurick 570 Lausch Lane, Suite 200 Lancaster, PA 17601-3057 (d) If residuary gift, state nature and value of share. Bethesda Mission Elizabethtown College 5% of rest, residue and remainder 10 % of rest, residue and remainder $ 33,671.32 $ 67,342.65 Nursing Foundation of 35% of rest, residue and remainder $235,699.25 Pennsylvania LAST WILL AND TESTAMENT OF FLORENCE. M. FASICK I, FLORENCE M. FASICK, of IlMechanicsburg, Cumberland County, (!Pennsylvania, make, publish and declare this as and for my Last Will and Testament, hereby revoking all other Wills and Codicils heretofore made by me. FIRST: I give and bequeath the sum of five thousand dollars ($5,000.00) to my friend,, VIRGINIA BONE, of 12 6 Clearview Drive, Camp Hill, Pennsylvania 17011, provided that should she predecease me, I direct that this specific bequest be made to my sister-in-law, MARIANA DAVIS, of 8717 Valleyfield Road, LuthervilLe, Maryland 21093. SECOND: I give and bequeath the sum of ten thousand dollars ($10,000.00) to my sister-in-law, MARIANA DAVIS, of 8717 Valleyfield Road, Lutherville, Maryland 21093, provided that should she predecease me, I direct that this specific bequest be made to her son, THOMAS DAVLS, of .2300 Dulaney Valley Road, Timonium, Maryland 21093. THIRD: I give and bequeath the sum of ten thousand dollars ($10,000.00) to my friend, MARCIA M. MONTGOMERY, of 6 Redwood Court, Camp Hill, Pennsylvania 17011, provided that should she predecease me, I direct that this specific bequest be made to her z son, PETER MONTGOMERY, of 660 Bamberger Road, Etters, Pennsylvania 17319. FOURTH:. I 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) Five percent ( 5 0 ) thereof to BETHESDA MISSION, of 611 Reilly Street, Harrisburg, Dauphin County, Pennsylvania 17102, to be used for general purposes as the governing body of said organization deems appropriate. (B ) Ten percent (10 % ) thereof to ELIZABETHTOWN COLLEGE, of One Alpha Drive, Elizabethtown, Pennsylvania 17022, to be used for general purposes 3 as the governing body of said organization deems appropriate. (C) Thirty-five ( 3 5 0 ) percent thereof to the NURSING FOUNDATION OF PENNSYLVANIA, of 2578 Interstate Drive, Suite 101, Harrisburg, Pennsylvania 17110, for the purpose of establishing The Florence (Madden) Grady-Fasick Scholarship Fund to be administered in accordance with the provisions of a Deed of Gif t to be established with the NURSING FOUNDATION OF PENNSYLVANIA and, in the absence of a Deed of Gift , to be used for general purposes as the governing body of said organization deems appropriate. (D) Fifty (50%) percent thereof to my friend, PETER MONTGOMERY, of 660 Bamberger Road, Etters, Pennsylvania 4 17319, provided that should he predecease me, then to his issue per stirpes by representation. FIFTH: Should any of the children of PETER MONTGOMERY (hereinafter referred to as "children" ) not have attained the age of twenty- four (24) years at the time for. dis- tribution to him or her, I give, devise and bequeath the share of each such child to my hereinafter named Trustee or Trustees, IN SEPARATE TRUSTS, to hold, manage, invest and reinvest the shares so received, and to use and apply from time to time such portion of income and principal for the said child's education (including college, trade school or other similar training or education), as my Trustee or 5 Trustees, in their sole discretion, deem advisable. The Trustee or Trustees, in exercising their dis- cretionary authority with respect to the payment of income or principal of the within Trust to the children, shall take into consideration any income or other resources available to the children from sources outside this Trust. Any income or principal not so applied shall be distributed to each child when he or she attains the age of twenty-four (24) years. In the event any of the children die prior to the termination of this Trust established herein for their benefit, the interest of said child in said Trust shall cease with any income and principal being 6 divided evenly between or among the remaining children of PETER MONTGOMERY or the separate Trusts established hereunder for their benefit. SIXTH: 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 until 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 of it . (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 8 investments authorized for Pennsylvania fiduciaries, as are deemed proper, without regard to any principle of diversification, risk or productivity. (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, gif t 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 f rom 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 the plan or the law permits them to do so, and to exercise any other rights which they may have under the. plan, in whatever manner they consider advisable. SEVENTH: I nominate and appoint LAURA A. MONTGOMERY, wife of PETER MONTGOMERY, as Trustee of the hereinabove described trusts. In the event of the death, resignation or inability to serve for any reason what- io soever of the said LAURA A. MONTGOMERY, I nominate and appoi nt GRANT DIANDONATO, brother of LAURA A. MONTGOMERY, as Trustee of the hereinabove described trusts. I direct that my Trustee shall serve without bond and shall receive fair and reasonable compensation. EIGHTH: I direct that all inheritance, estate, transfer, succession and death taxes, of any kind whatsoever, which may be payable by reason of my death, whether or not with respect to property passing under this Will, shall be paid out of the princi- pal of my residuary estate . Notwithstanding, I specifically direct that there be no allocation of inheritance, estate, transfer, ~~ succession and death taxes, of any kind, whatsoever, to any charitable beneficiary designated by me herein. NINTH: All interests hereunder, whether principal or income, which are undistributed and in the possession of the fiduciaries acting hereunder, even though vested or distributable, shall not be subject to attachment, execution or sequestration for any debt, contract, obligation or liability of any beneficiary, and furthermore, shall not be subject to pledge, assignment, conveyance or anticipation. TENTH: I nominate and appoint JAMES D. BOGAR, Executor of this, my Last Will and Testament. In the event of the death, resignation or inability to serve for any reason whatsoever of 12 JAMES D. BOGAR, I nominate and appoint JENNIFER B. HIPP and PETER MONTGOMERY, Co-Executors of this, my Last Will and Testament. I direct that my Executor or Co-Executors, Trustee or Trustees, as the case may be, and their successors, 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 o f ~,~~ r r -~.~~~~' ~, FLORENCE M 2011. v'~`"~ (SEAL) . FASICK 13 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 attest: ' ' Address Address 14