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HomeMy WebLinkAbout95-0304This is to certify that the certificate hereunto attached is a true and accurate copy of the original death record on file with the Division of Vital Records, and that Frank Yeropoli, whose name is subscribed thereto, was at the time of subscribing the same and now is Director, Division of Vital Records of the Department of Health, for the Commonwealth of Pennsylvania, duly appointed and commissioned as directed by Act 66 of the General Assembly, approved 29 June 1953, P.L. 304. AUG 16 200 ~ ? ~_ Date Fran eropoli, ' ect Division of Vital Records P.O. Box 1528 New Castle, PA 16103 N,05.,/3 Rar. af87 TYPE~PiwtT w PERWINWT NAME suac Wi W 0 u~~ Z COMMONWEALTH OF PENNSYLIMNIA • DEPARTMENT OF HEALTH • VITAL RECORDS CERTIFICATE OF DEATH Q36926 " ~T~i -- ~ SOCULL SECUPoTY NUYIEA---"-. DRE Oi DER11iMaMtDM.~h/1 ~ ~ - '- A. SI'~'1JG.E ~ Female ~ 206 - 36 7795 ~ M+Eti•+~d.» unoe„rEUt uMOet,ur oaEOrEBm, ..awucctnr.•d .uaoPDFxN~rrar+r••.-,....~.:w.o•a~..dN A it 7 trrrr . Dn. Ngaa I tsar Irnwh. D•R~MrI s,r.w Farpn Cdw„ "O°P1P September _9 L 95 ria es.rra ^ Enaow.. G oaA ^ Names. f~ Rwidwq ^ °'"" s acryl0 cawn c a c DP~EN fa,KBOItO.TNPOF ana:rrron.w...rand~a.m.,, wwsottceDtxroPNtsvnwconiawr ~- i Cuaberland ~••~••e~.~.s.ce.wer....e. aP.ud "~ w ~ ^,.. rrahae .a .,. Camp H i 1 l Leader Nursi Hoyle ~~•~.•K white DECEDErrs qae~a iDrtDaPEUSwESSnNOt,s,Ry wASOecEOENrEVERw ~ rARtutismw• to a.a11i°uniw1Yp~°as~r~°"~$.an° u.aAR1EDFOROegq DECEDENTSEDIKA,p/ Nair taartlad StMivNE,09-OUBE a.a. on.•rdm,n ~"itl ~°0`~0 . r,r, ieo.c+ » Haulemal[er „Own Home ,•• ^ "~ l~Y n+~0s:~ ~°° „ taAUnADgnEp Dir+bmn.srar.2ipcodt DecEOENT-s ,a. widow , ~iest Circe ` PA rns~r. Dw ,T..L~wad.o.e.^te.ae, Hampden Camp Hill, PA 17011-1343 ~. °N~`0" '" ~~~ MMr ,w „~ Clmiberland •*•~+P* ,~ ~~ r ~"'e`~ r~ffer wwc , . M t~d~ ° e ~ oga `°r's~"r""' .n ~ ic rr~oRrarrsNArE ,Pw,eq Ward A. ce Jr. wPDa~urrrswu~wo~DOaeasw.KCaw~a.ns~r..aocow trcn,DOOP ONEOFpBPOgTpN e~.rt~ c.......^ n.~.t,•,,,~tr.^ D•KM•n ~ tRACe OF Dt9PO0tfIDN•Namar «ae.Pr•. ~'""r'x~"A1Y°r ~ocaaN-cwrro~.•.snr.aocd. °oia"°" °""B°'a"` OApril 11, 1995 ~~ „ ary Cemetery Clearfield, PA 16830 Nur.ER _ "~ME/MO/O0~8BOFA~""' 113 N. Third Street Clearfield M,ae'~rab~iot w~re~r u~irater-r °o~~Tr101N'~awnoa~.rwrw•dm..er.ndWnar.e. Ntx.,~t D~vE 9q~o awwrw~..aa.re. ~. DaA marl trnaaa.arawtam~oNtader ac ax o..a•.+bv~o•.,.K..dr. °E'QX 2S o~rE OEAD~rtarah.Daµwrl twscASEREPERREOrorEntcnLP~uretEw~coRO~tER, ~ ,.. ^ ,~~' ~ r. c.(, g Z S aT mwre S . aar tearnaaar,eyutrsomaprcrirr.,achuWadu agate. DO rotrrrtea ~••d••~Meq. reanfae ar anar, •eodcartwntatiura. W MI,eM enraoa •aater. tApptaainuta D'ART ~: dlw•~••t ••ttdwn•errtWegbarN pa , YMOMTr CAl1E[(Rnl ~ ~" ;ar am OUth ~teU•raYtgn M•rrw/Pnpr•aarywtMHYIT I. ion t-IEt3V~. ; DUErotd1ASA ONSEOUENCE N/M~ WYID+r,r.a•7aY i rrlairlyd awns DUE ro (OR AS A CQISEDUENLe OFl: nrifrp in argil WT i MMSANAUroPBV ~=AUIO ~A,ptgs MANNER OP DEAN DAZE OF aINRY TINE tx tNJUtTV BUUm RwORI(T rERraReEO, DESCweENOw tNJURYOCLI/RRED. crortvtaTpRascAUSe t~.~~f ~ ^ oE.aNT Nrral „a„,~ty AeeNmt ^ P•^awe•~aarton ^ ,.. ^ Ho O w ^ Na~Zl w ^ No (~ staaa. ^ caad•rt»awm,m,.e ^ ~. Puce oP n+Nxtr-A, t aan., trm, rrar, em,, onp weaioN rso-.r ~+wiTOw•, smt~ wadep..te. SPaeavl are. xr . iPrw~a P ~ ~ x•. ,rc stc uwtve~.,, v,Nf+nca~+.aa•.n w~.,a,~ww nEpNDTmeoP CE n TOIM ei•t•~•A'bt•mt•dr•, a••te •eewt•adwbrw a+vs~n..VmavpOdssT rgtrompNNd gam 23~ •rrNq ana mww r r•t•'a ..................................................... ], . -PR01pUNDwp AND ta91TIPY111D PIIYlIDIAN t~YSemn beN P~a•+unCmgoWftaM mtn. etraagrtww.aw.a..w aawrrwrdr rr.. er•, and Ptae., rw w.rnww.aown> ~I ~ 16!onn. Day.'Mrl err„a,an.~.~•....>,.t.d .......................... ~ a, / 99 S a,a . NAMEAND ADDTE89 DF~PE/jiSO~N/wNO CHAP cA ~~AL EXA (Item 27) Typo er PMt V A /' ~ `~ OPDEATN On tM eaair oTaa~rtinaa Irrveslipadorr, M m1 apNJon, a r tM time A , I ~q daa mrnn a , , an ra, and dw to tM eau / ^ ^ ) 'r `/ wr MNad ..................... ................ .. w(s)uM ^ !.l 7V • aI'I 71 ]7 ......... ............. p.......................... 1 NATURE AND NUMBER ]Z I,Q,/ DRE D (MOnm. Da,. rirl aa. . L.,_ '" >.. r ` 1~ 1 cT ~ls i REV-~5,00'EX+ (~-9a) r FOR DATES OF DEATH AFTER 12131191 CHECK HERE INHERITANCE TAX RETURN IF A SPOUSAL ^ POVERTY CREDIT IS CLAIMED RESIDENT DECEDENT FILE NUMBER COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE (TO BE FILED IN DUPLICATE ~~ ~~ ~G URG PB Dbii WITH REGISTER OF WILLS ~ HARRIeB A 2s.oeot , COUNTY CODE YEAR NUMBER DECEDENT'S NAME (LAST, FIRST, ANO MIDDLE INITIAL( DECEDENT'S COMPLETE ADDRESS Spence, Jane A 15 West Circle - ~ W SOCIAL SECURITY NUMBER DATE OF DEATH DATE OF BIRTH Camp Hlll, PA 17011-1343 ~~'' ' ~ 206-36-7795 4/7/95 9/9/1899 Cumberland ~- ' % ~ W cou p (IF MKIGSIlI SURVIVING SPOUS!'S NAME (IASr, FIRST ANO MIDDLE INITUy SOCIAL SECURITY NUMBER AMOUNT RECEIVED (SEE INSTRUCTIONS) ru+„ ~f 1. Original Return ^ 2. Supplemental Return ^ 3. Remainder Return Y 4 y (for dates of death prior to 12-13-82) ,c'„e°C„c'c.+ ^ 4. Limited Estate ^ 4a. Future Interest Compromise ^ 5. Federal Estate Tax Return Required ~°~° (for dates of death after 12-12-82) ~0° [~] 6. Decedent Disd Testate ^ 7. Decedent Maintained a Living Trust 0 8. Total Number of Safe Deposit Boxes (Attach copy of Will) (Attach copy of Trust) _,t,~;a•~, /K~L"CORRESPONDE1ttCE'`i~NDiCONFiDEI~I'plIlRrQ1E:SiiOE:D1 ~' NAME _ .. . COMPLETE MAILING ADDRESS sa Ward A. Spence, Jr. v ~ TELEPHONE NUMBER 115 May Dr Apt 1 717 737-6398 -Cam Hill PA 17011-5075 1. Real Estate (Schedule A) (1) S 13 7 , 5 0 0. 0 0 2. Stocks and Bonds (Schedule B) { 2) $442, 637.84 3. Closely Held Stock/Partnership Interest (Schedule n (3) $0.00 4. Mortgages and Notes Receivable (Schedule D) (4) ~ 0 5. Cash, Bank Deposits ~ Miscellaneous Personal Property (5) $112 , 450.04 z (Schedule E) 6. Jointly Owned Property (Schedule F) (6) ~i(L ~A ~ 7. Transfers (Schedule G) (Schedule L) { 7 J S0. 00 c 8. Total Gross Assets (total Lines 1-7) (8) $692. 587.88 9. Funeral Expenses, Administrative Costs, Miscellaneous (9) $44, 705.45 Expenses (Schedule H) 10. Debts, Mortgage Liabilities, Liens (Schedule I) (10) S0. 00 11. Total Deductions (total Lines 9 A 10) (11) $ 4 4 , 7 0 5.4 5 12. Net Value of Estate (Line 8 minus Line 11) (12) tia7, RR~ d4 13. Charitable and Governmental Bequests {Schedule J) (13) $ 0. 0 0 14. Net Value Subject to Tax (Line 12 minus line 13) (14) 5647, 882_.43 15. Spousal Transfers (for dates of death after 6-30.94) Sae Instructions for Appliwbls Percentage on Reverse (15) $0.00 d l d l x,_~ SO.00 e va Si e. (Inc u ues from Schedule K or Schedule M.) 16. Amount of Lins 14 taxable at 696 rate (16) 4 ti4 7 , $$ 2 4 3 x .06 : $ 3 $. $ 7 a .-° a (Include values from Schedule K or Schedule M.) ,r T 17. Amount of line 14 taxable at 1596 rats (1~ $0.00 x .15 • $0.00 z (Include values from Schedule K or Schedule M.) o 18. Principal tax due (Add tax from Lines 15, 16 and 17.) (18) S38 f 872.95 ~ 19. Credits Spousal Poverty Credit Prior Pa ments Discount Interest $0.00 + $37,13.00 +51, 943.65 _ $0.00 (lq) $39, 106.65 20. If 19 is greater than Lins 18, enter the d'~fferinee on line 20. This is the OVERPAYMENT. (20) S ~ R 4 7 n ® 21. If Line 18 is greater than Lins 19, enter the difference on Lins 21. This is the TAX DUE. (21) $ 0 0 0 0 0. 0 0 A. Enter the interest on the balance due on Line 21 A. (21 A) $ 0 0 0 0 O. 0 0 B. Enter the total of Lins 21 and 21 A on Lins 21 B. This is the BALANCE DUE. (21 B) $ 0 0 0 0 0. 0 0 Make Cheek Payable to: Rpishr of Wills, Agent ~~. r~..~...~- ~.,,.~. ,..„ .rv~.v.v ...... ~. ...... is true, tarred and complete. I declare that al sssd on all information of which prsparer has statements, and to thl ion of prsparer other sr my Knowteage and belie is psnonal re resentative 1 ~-/.~r-~~S's' DATE ~ DATE Act #48 of 1994 provides for tha reduction of the tax rates imposed on the net value of transfers to or for the use of the spouse. The rates as prescribed by the statute will. be: • 3% (.03) will be applicable for estates of decedents dying on or after 7/1/94 and before 1/1/96 • 2% (.02) will be applicable for estates of decedents dying on or after 1/1/96 and before 1/1/97 • 1°i6 (.O1) will be applicable for estates of decedents dying on or after 1/1/97 and before 1/1/98 • Spousal transfers occurring on or after 1/1/98 will be exempt from inheritance tax. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING A CHECK MARK ~rj IN THE APPROPRIATE BLOCKS. YES NO 1. Did decedent make a transfer and: a. retain the use or income of the property transferred, ....................................................... X b. retain the right to designate who shall use the property transferred or its income, ............... X c. retain a reversionary interest; or ................................................................................... X d. receive the promise for life of either payments, benefits or care$ ....................................... X 2. If death occurred on or before December 12, 1982, did decedent within two years preceding death transfer property without receiving adequate consideration$ If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving ~ adequate consideration$ ................................................................................................... 3. Did decedent_~wn an.'in trust for'. bank account at his or her death$ ...................................... 1F T~iE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST~OMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. .__. °. .. r ~. sqz ex+ (iz-asi SCHEDULE A REAL ESTATE FILE NUMBER Jane A. S ence 2195-0304 (Property jointly-owned with Right of Survivorship must be disclosed on Schedule F) All real estate should be reported at fair market value which is defined as the pries at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having roasonabie knowledge of the reievo~M facts. ITEM NUMBER DESCRlFTION VALUE AT DATE OF DEATH ~~ House and Lot 15 West Circle $137,50'0.00 Camp Hill, PA 17011-1343 Lot #8, Section 1, Point Ridge Farms Hampton Twp, Cumberland County Plan 8 recorded in Cumberland County recorders 's office Plan Book 8, page 1 ' Deed Book M, Vo1.22., page 274 {Valued at price for which sold Settlement Sheet Attached) TOTAL (Also enter on line 1, Recapitulation) S 13T d /ff more seaee is n~wd. ;,,~e.F ndaiiinn„1 el~..+~ „~ .,.,,,~ ~~,,,, ~ ~x+ laebl ~~~ SCHEDULE B COMMONWEALTH OF PENNSYLVANIA STOCKS AND BONDS INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Jane A Spence 2195-0304 (All property jointly-owned with Right of Survivorship must b~ diselos~d on Seh~dule F.) ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH ~' See Attached Worksheet $442,637.84 - TOTAL (Also enter on line 2. Recaoitulationl .I S ~ 4 2 . X37 ~ ~"~ J(+ 12a~1 I SCHEDULE E CASH, BANK DEPOSITS AND 1LTN Of PENNSYLVANIA MISCELLANEOUS ElVT DKEDEI~TRN PERSONAL PROPERTY Jane A. Spence (Ail proporfy jointly-owned wif6 the Rtyht of Survivorship must bo diaelosod on Sehodulo ITEM NUMBER DESCRIPTION 1 PNC Bank 4242 Carlisle Pike, Camp Hill, PA 17011 Money Market Account #51-3010-5823, Interest 2 PNC Bank 4242 Carlisle Pike, Camp Hill, PA 17011 Checking Account #51-4006-0841, Interest Less outstanding checks 3 1st Federal 234 N. 2hd ST, Harrisburg PA 17.108 Money Market Account# 02-14-135723, Interest 4 Legg Mason Wood Walker, Inc 100 Pine St., Harrisburg, PA 17101-1226 Money Market Account #775-2769, 5 Furnishings (See attached worksheets) Note: The auction grossed $2366.00 $132.00 of which is non estate items leaving net proceeds of $2234.00 for the estate as shown on the auction worksheet Sa AUCTIONED ITEMS Worksheet 5b PRIVATELY SOLD ITEMS Worksheet 6 Refunds ' Capital Blue Cross Leader Nursing Home IRS refund for 1994 Vitali Drugs 7 Penn Mutual Home Insurance Ward A Spence Trust EIN 23-6883883F Undistributed Income Accrued Interest to DOD Eaton Vance Marathon PA Tax Free Fund Franklin PA Tax-Free Income Fund Class 1 Continental Mortgage, Inc GD1MA pool General Electric Capital Corp 8$ Legg Mason Wood Walkier FHLMCR SER 1681C 1st Federal Savings&Loan of Harrisburg TOTAL (Also enter on line 5, Recapitula~. (Attach additional 8'i4"' x 11" shuts if more spaca is needed.) Please Print or 2195-0304 VALUE AT DATE OF DEATH $85,294.42 $14.02 $16,668.64 $1.21 -$1,567.23 $510.48 $0.35 $623.77 $2,234.00 $5,802.00 $186.40 $1,610.53 $226.00 $64.60 $195.00 $357,00 $43.92 $71.09 70.09 57.53 $31.62 $4.60 S $112,450.04 Estate of: Jane A. Spence File * 2195-0304 Schedule E Auctioned Items Worksheet Page 1 of 2 AAAOUWT 130.00 20.00 28.00 16.00 11.00 10.00 2.00 35.00 31.00 12.00 8.00 26.00 7.00 10.00 80.00 22.00 27.00 295.00 75.00 40.0 0 20.0 0 8.0 0 5.0 0 11.0 0 22.0 0 170.00 17.00 300.00 74.00 3.00 3.00 75.00 22.00 f 70.00 120.00 -__ 30.00 25.00 55.00 15.00 13.00 4.00 85.00 45.00 12.00 8.00 7.00 5.00 1.00 1.00 1.00 1.00 4.00 4.00 4.00 2.00 - 3.00 Estate oF. Jane A. Spence File ~ 218S-03p4 Schedule E Auctlonad Items Worksheet Page 2 of 2 Estate of Jane A. Spence File #218-8304 Page 1 of 1 Schedule E Privately Sold Items Worksheet REK1511 FX+ (!-!!~ COM/MONWEAUH OF PENNSYLVANIA INHERITANCE TAX RETURN SCHEDULE N FUNERAL EXPENSES, ADMINISTRATIVE COSTS AND MISCELLANEOUS EXPENSES Jane A Spence Please Print or .E NUMBER 2195-0304 ITEM NUMBER DESCRIPTION AMOUNT A. Funeral Expenses: ~ _ Kevin A. Beardsley Funeral Home, Inc. $6,488.25 2• Marker Engraving $55.00 3• Luncheon $240.00 B• Administrative Costs: 1. Personal Representative Commissions _ Social Security Number of Personal Representative: _ 201-12-2849 Year Commissions paid 1995 2. Attorney Fees 3. Family Exemption Claimant Ward A. Spence Jr Relationship _ Son Address of Claimant at decedent's death Street Address 15 West Circle City Came Hill State ___PA_ Zip Code 17011 4. Probate Fees C. Miscellaneous Expenses: 1. Cumberland Law Journal Esffite Notice 2. Patriot News Estate Notice 3. Additional. Death Certificates 4. Additional Short Forms 5. Filing Fees 6. Inventory Fee 7. Hampden Twp Real Estate Tax (Net) 8. See attached worksheet $20,000.00 $887.00 $2,000.00 $431.00 $40.00 $106.12 $14.00 $24.00 $15.00 $19.00 $266.94 $14,159.14 TOTAL (Also enter on line 9, Recapitulation) I $ $44,705.45 (If more space is needed, insert additional sheets of same size.) Estate of Jane A. Spence File # 2195-0304 Paye 1 of 1 Schedule H Misc. Expenses Worksheet 8 CV School Dist Twp Real Estate Tax (Net) $371 54 9 Sewer Trash . 10 Real Estate Broker Commission $5.64 $9 625 00 11 Notary Fees , . 12 Disb Fee to Secured Land Transfers $5.00 $35 00 13 State Tax Stamps . 14 Roof Repair (Escrow + $25.00} $1,375.00 15 Pest Inspection $525.00 16 Radon Mitigation $30.00 17 Haulage of auction items (Less non auction items) $675.00 $153 72 18 Auctioneer's commission (Less non auction items) . $224 50 19 Prepare for sale: . Clean walls Trim shrubs $70.00 20 Certified copy of will for Federal 706 filing $57.24 $6 50 21 Reserved for future costs & expenses . $1,000.00 Total worksheet $14,159.14 FEV•IS1~ E% ~ (2.87) .,~'~~ SCHEDULE J COMMONWEAITN Of PENNSYLVANIA B E N E F I C IAR 1 ES INNERRANCE TAX RETURN RESIDENT DECEDENT c~lgle yr FILE NUMBER Jane A Spence ~,oc_~,~„ ITEM NUMBER NAME AND ADDRESS OF BENEFICIARY RELATIONSHIP AMOUNT OR SHARE OF ESTATE A. Taxable Bequests: 1. Jeannine Spence 7414 Aruba Lane `aLpt B Daughter Indianapolis, IN 46214 in Law 1/Z Residue 2 Ward A Spence, Jr. 115 May Dr Apt 1 Camp Hill, PA 17011-507 5 Son 1/2 Residue ITEM NUMBER NAME AND ADDRESS OF BENEFICIARY AMOUNT OR SHARE OF ESTATE B. Charitable and Governmental Bequests: 1. TOTAL CHARITABLE AND GOVERNMENTAL BEQUESTS (Also enter on line 13, Recapitulation) I $ (If more space is needed, insert additional sheets of same size) LAST WILL AND TESTAMENT OF JANE A. SPENCE I, JANE A. SPENCE,. now of Hampden Township, Cumberland County, Pennsylvania, declare this to be my Last Will and Testa- ment and revoke all prior .Wills and Codicils previously made by me. ~ ITEM I. I give all of my household furniture, miscel- laneous household goods, wearing apparel and automobiles, together with any existing insurance thereon, to my husband, WARD A. SPENCE, provided he shall have survived me by sixty (60) days. ITEM III If my husband, WARD A. SPENCE, survives me (and here i direct for the purposes of this Item that he be deemed to have survived me unless it appears unmistakably that he has predeceased me) and at my death, our usual home is owned by me or by my husband and me, but in a manner which would not result in passage of full title to him by operation of law, I devise my entire interest in said home to him. ITEM III. All the rest,, residue and remainder of my .estate of every nature and wherever situate, I give unto WARD A. SPENCE, JR., of Camp Hill, Pennsylvania, and JACK L. SPENCE, of Crown Point, Indiana, hereinafter called the TRUSTEES, who shall hold such property in trust, together with any other property that may be added to this Trust, (all of such property being called the "Principal"), IN TRUST, pursuant to the following Articles of Trust: A. TRUSTEES shall pay the net income thereof to and for the benefit of my husband, WARD A. SPENCE, for and during his natural lifetime, no less often than quarterly, as TRUSTEES may determine. ' B. TRUSTEES shall pay to or for the benefit of my husband, from time to time, such portions of the principal of this Trust as may be necessary to support my husband in his accustomed manner of living and to meet his medical, dental, hospital and nursing expenses or the expenses of invalidism. In determining whether to make withdrawals, TRUSTEES shall consider such other resources~as may be available to my husband. C. Notwithstanding the above provisions of Paragraph B hereof, during any .calendar year of this Trust, my husband shall have the unqualified right, at his sole discretion, to demand, in writing, delivered by him to TRUSTEES, that he be paid from the principal of this Trust an amount not in excess of the greater of $5,000.00 or five (5$) percent of the aggregate market value of the assets of this Trust as of January 1st of the cal- , endar year during which time the demand is made. The right permitted by my husband under this provision must be exercised by him as therein provided on or before December 31st of the calendar year applicable and any amount to which such right is not so exercised for any given calendar year shall lapse and shall not accumulate or carry over to any future calendar year. D. Upon the death of my husband; WARD A. SPENCE, the remaining principal of this Trust and any undistributed income shall be paid by my TRUSTEES in equal shares to my sons, WARD A. SPENCE, JR. and JACK L. SPENCE. Should WARD A. SPENCE, JR. die before distribution of the same, his share shall be paid to my son, JACK L. SPENCE, if living. If not, the same shall be paid to his wife, JEANNINE SPENCE, if living, and if not, in equal ~ shares to the then living children of JACK L. SPENCE. ITEM IV. In the event one of the TRUSTEES herein named is unable to act or ceases to qualify as such, the surviving TRUSTEE shall act as the sole TRUSTEE of the Trust herein created. ~ . ~-!. c~% I -a- ~- ~.~,. -- _~•, ITEt4 V. In the event that my husband shall unmistakably predecease me, then i give and devise all of my estate of every nature and wherever situate in equal shares to my sons, WARD A. SPENCE, JR. and JACK L. SPENCE. Should WARD A. SPENCE, JR. pre- decease me, his share shall be paid to my son, JACR L. SPENCE, if living. If not, the same including the share of JACK L. SPENCE, shall be paid to JACK L. SPENCE's wife, JEANNINE~SPENCE, if living, and if not, in equal shares to the then living children ofjJACK L. SPENCE. ITEM VI. TRUSTEES' Powers: In addition to the powers given them by law, my ,TRUSTEES, in the administration of the Trust created herein, shall have the following discretionary powers applicable to all real and personal property held by them, including property held for minors, effective without court order until actual distribution: A. To retain any property received by them; B. To invest in all forms of property without re~tric- ,~ tion to investments authorized for TRUSTEES; . C. To operate any business, cause or join in'any incorporation, partnership, recapitalization, merger, reorgani- zation or voting trust plan and to delegate authority with respect thereto; to deposit investments under agreements and pay assessments; and generally to exercise all rights of investors; D. To hold investments in the name of a nominee= ' E. To compromise controversies; F. To exchange or%sell for cash; property or credit, publicly or privately, or to lease for any term regardless of the duration of the Trust hereunder; without liability on the purchasers or lessees to see to the application of the considera- tion and to give options for those purposes without obligation to repudiate them in favor of a higher offer; ~ i 1 -3- G. To carry on any business owned or controlled by the Testatrix., or in .Which she is engaged or in.which she has an interest at the time of her death, for such period of time as the TRUSTEES. hereunder may deem advisable and the TRUSTEES hereunder shall have the power to do any and all things which it may deem necessary or appropriate, including the power to incorporate the business, the power to borrow money and to pledge the assets of the business and the assets contained in this Trust as security for such borrowing, the power to dele- gate all or any part of the supervision, management and opera- tion of the business to such person or persons as the TRUSTEES hereunder may select, and the power to close out, liquidate or sell the business, or the Testatrix's interest therein, at such time and upon such terms as the TRUSTEES hereunder shall deem best, and, in general, the power to do all acts which the Testa- trix, in her lifetime, could have done in connection with such business or to delegate such powers to any partner, manager or employee. The TRUSTEES hereunder shall not be held liable for the shrinkage of income or loss of capital value which may be incurred in the course of its operation of such business.or the Testatrix's interest therein, except a loss that may result from the TRUSTEES' willful misconduct; Fi. To borrow money, including the right to borrow from any corporate trustee and to mortgage or pledge as security or to hold its own stock if a corporate trustee; I. To exercise and dispose of warrants; J. To loan. to and to buy property from the estate, even if TRUSTEES are also acting as Executor of Administrator thereof; K. To apply income or principal to which any benefi- t ciary is entitled, directly for his or her comfort, maintenance cam, l~- -4- ,' R ~~ _._ and support should it deem such beneficiary incapable of receiving the same by reason of age, illness, infirmity or incapacity, or to pay the same to such person as it selects to disburse it, whose receipt shall be a complete acquittance therefor without the intervention of any guardian; L. To assume continuance of the status of any bene= ficiary with reference to death, marriage, divorce, illness, incapacity or other change in the absence of information deemed' reliable without liability for disbursements made on such assumptions; M. To permit the proceeds of any policy to remain with the issuing insurance company even though the amounts pay- able to such beneficiary exceed the amount otherwise payable thereunder and encroaches upon principal or income which would otherwise accrue to another person; N. All principal and income shall, until actual'dis- tribution to the beneficiary, be free of the debts, contracts, alienations and anticipations of any beneficiary and the same may not be liable for any levy, attachment, execution or seques- tration while in the hands of the TRUSTEES, ~~ ITEM VII. All federal or state, estate, inheritance and succession taxes that may be assessed in consequence of my death, of whatever nature or by whatever jurisdiction imposed, shall be paid from the principal of the Trust created under ITEM III hereof, and no part of such taxes shall be charged against the marital deductioq,gift created herein. All other property includible in my gross estate, whether or not passing under this Trust, shall be free and clear thereof, ITEM VIII. In the payment of the expenses of my estate and the payment of any federal, state or other death taxes which may be payable by TRUSTEES as hereinabove set forth, ~G v' -5- ~. ~ no payment received by TRUSTEES from any qualified pension or profit sharing plan excludible from my gross estate for Federal Estate Tax purposes pursuant to the Internal Revenue Code, shall be used or applied for the purposes of such payment or for the payment of any claims against my estate. ITEM IX. All questions pertaining to the administration of this Trust or the construction or validity of these Articles shall .be governed by the laws of Pennsylvania. ITEM X. I direct that all of my just and currently due debts and funeral expenses, including the cost of my grave- marker, if any, shall be paid by my Personal Representative as soon as practicable after my decease as a part of the admin- istrative expenses of my estate. ITEP4 XI. I appoint my husband, WARD A. SPENCE, as Executor of this my Last Will and Testament. If he should fail to qualify or cease to act as Executor, I appoint WARD A. SPENCE, JR. and JACK L. SPENCE as Co-Contingent Executors of this my Last Will and Testament. No bond shall be required by my TRUSTEES or Personal Representatives in any jurisdiction. IN WITNESS WHEREOF, I have hereunto set my hand this day of 1982. /i Ja A. Spence The preceding instrument, consisting of this and six other type- written pages, identified by the signature of the Testatrix, was on the day and date thereof signed, published and declared by Jane A. Spence, the Testatrix therein named, as and for her last Will in the presence of us, who, at her request, in her presence and in the presence of each other have subscribed our names as witnes es he eto:- ., /~~ ~." ACKNOWLEDGMENT COtdMONWEALTH OF PENNSYLVANIA SS: COUNTY OF DAUPHIN I, Jane A. Spence , testat rix 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. •. (/ Jane A. Spe~ice Sworn or affirmed to and acknowledged befo~ me, by Jane A. S ence , testat rix , this ~_ day of ~ , 19 82 No Pub is ~~/ My fission Tres: 10D1 L'. YETTER, NOTARY PUBLiC My Commission Expires lanuery 6. 19g6 Harrisburg, PA Dauphin County AFFIDAVIT CO2QMONL~)EALTH OF PENNSYLVANIA SS: COUNTY OF DAUPHIN ~ witnesses whose names are si ned to the attached or foregoing instrument, being duly qualified according to-law, do depose and say that we were present and saw testatrix sign and execute the instrument as her last Will; that shesigned willingly and that she executed..it as her free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the testat rix signed the Will as witnesses; and that to the best of our knowledge the testatrix was at that time 18 or more years of age, of sound mind and under no constraint or undue influence. -- ~. ~._ No.AA 047947 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE `,`.~ aev.nes ex I<.val OFFICIAL RECEIPT • PENNSYLVANIA INHERITANCE AND ESTATE TAX ACN RECEIVED FROM: ASSESSMENT CONTROL AMOUNT NUMBER WARD A SPENCE JR 1 15 WEST CIRCLE CAMP HILL PA 17011 OLD HERE ESTATE INFORMATION: © FILE NUMBER 21-1995-0304 SSN 206-3b-7795 © NAME OF DECEDENT (LAST) (FIRST) (MI) SPENCE JANE A DATE OF PAYMENT © POSTMARK E COUNTY "~ vv~ v~-- CUMBERL.AND DATE OF DEATH REMARKS WAND A SPENCE JR. SEAL CHECK# 10 TAXPAYER FOLD H TOTAL AMOUNT PAID E:37 ~ 163 00 DO RECEIVED BY C. ~ `u`~ ' .QGcua~ v : / f , ii « SIGNATURE~4~. t MARY C. LEWIS REGISTER OF WILLS RECEIPT FOR PAYMENT Cumberland County - Reggister Of Wills Hanover and High Streef Carlisle, PA 17013 SPENCE JANE A File Number 1995-00304 Remarks WARD A SPENCE JR Distribution Of Receipt Receipt Date. 4/25/1995 Receipt Time 11:05:30 Receipt No. 1004613 Transaction Description Payment Amount Payee Name PETITION FOR PROBA EXTRA PAGES 375.00 CUMBERLAND COUNTY GENERAL FUN SHORT CERTIFICATE JCP FEE 21.00 30.00 CUMBERLAND COUNTY CUMBERLAND COUNTY GENERAL GENERAL FUN FUN 5.00 BUREAU OF RECEIPTS & CNTR M.D Check# 1983 431 00 Total Received......... . 431.00 RECEIPT FOR PAYMENT Cumberland County - Re ister Of Wills Hanover and High Stree~ Carlisle, PA 17013 SPENCE JANE A File Number 1995-00304 Remarks WARD A SPENCE,JR. Distribution Of Receipt Receipt Time 514902930 Receipt No. 1004745 Transaction Description Payment Amount Payee Name SHORT CERTIFICATE 15.00 CUMBERLAND COUNTY GENERAL FUN Cash $15.00 Total Received......... $15.00 ~, .,,~ RECEIPT FOR PAYMENT Cumberland County - Re aster Of Wills Receipt Date 5/18/1995 Hanover and Hiq~013ree~ Receipt Time 14.:16:20 Carlisle, PA II Receipt No. 1004847 SPENCE JANE A File Number 1995-00304 Remarks WARD A SPENCE JR Distribution Of Receipt Transaction Description Payment Amount Payee Name SHORT CERTIFICATE 9.00 CUMBERLAND COUNTY GENERAL FUN Check# 7 $9.00 Total Received......... $9.00 RECEIPT FOR PAYMENT Cumberland County - Regqister Of Wills Hanover and High Streef Carlisle, PA 17013 SPENCE JANE A File Number 1993-00304 Remarks WARD A SPENCE JR. Distribution Of Receipt Receipt Date 12/04/1995 Receipt Time 13:27:16 Receipt No. 1006558 Transaction Description Payment Amount Payee Name INVENTORY 19.00 CUMBERLAND COUNTY GENERAL FUN CERT COPY OF WILL 6.50 CUMBERLAND COUNTY GENERAL FUN Check# 1052 25.50 Total Received......... 25.50