HomeMy WebLinkAbout02-0280 PETITION FOR PROBATE and
Estate o.f .-~---Z//k~ /ff'/q~C/(
also known as
Deceased.
Social Security
GRANT OF LETTERS
No. o?/- 0,~ - ~li~
To:
Register of Wills for the
County of ~.ZO,~P'z~'/?A.,,,jt.~/~
Commonweahh of Pennsylvania
The petition of the undersigned respectfully represents that:
Your petitioner(s), Mro is/are 18 years of age o~ older an the execut eft
in the lasl will of the above decedent, dated '/~ t)~C~l~',=r~ --
and codicil(s) dated
in the
named
,19..~ P"
(slate relevam circumstances, e.g. renunciation, dealh of executor, etc.)
Decendent was domiciled at death in ~/-/,/~(~,.=.,~/x~,,p County, Pennsylvania, with
h,~',r{~ last family or principal residence at ~ ~r~ D,~/~ /~r~c~. c'~/er~
(list street, number and muncipality)
Decendent, then ~} years of age, died /r ~f~ , ~e c"~,
Except as follows, decedent d~d not marry, was not divor6ed and did not have a child born or adopted
after execution of the will offered for probate; was not the victim of a killing and was never adjudicated
incompetent:
Decendent at death owned property with estimated values as follows:
(If domiciled in Pa.) All personal property
(If not domiciled in Pa.) Personal property in Pennsylvania
(If not domiciled in Pa.) Personal property in County
Value of real estate in Pennsylvania
situated as follows:
WHEREFORE, petitioner(s) respectfully request(s) the probate
presented herewith and the grant of letters 7".~._.s'r.,~,~t,e',-~-,~,,¢~-'
theron.
of the last will and codicil(s)
(testamentary; administration c.t.a.; administration d.b.n.c.t.a.)
OATH OF PERSONAL REPRESENTATIVE
COMMONWEALTH OF PENNSYLVANIA 1
COUNTY OF ,~.~>/~-/v~> ~ ss
The petitioner{s) above-named swear(s) or affirm(s) that the statements in the foregoing petition are
true and correct to the best of the knowledge and belief of petitioner(s) and that as personal represen-
tative(s) of the above decedent pelitioner(s) will well and, truly administer the estate according to law~
Sworn to or affirmed and subscribed
before me this
~ e-~ -- 7 - - - Register
No. oq !- o-~- &~_~
Estate Of JU~ ~, ~¢K , Deceased
DECREE OF PROBATE AND GRANT OF LETTERS
AND NOW M~nCr4 lq: 2~Q2
the reverse side hereof, satisfactory proof having been presented before me,
IT IS DECREED that the instrument(s) dated ' /~ ~C /~'7
described therein be admitted to probate and filed of record as the last will of
~'/~ e ~ .~ ~- I~ ~'
~d Letters ~c~ ~r~ ~
~e hereby granted to ' ~?~nY /~ .~/~
19 .... in consideration of the petition on
FEES
Probate, Letters, Etc .......... $ 235.00
Short Certificates( ) .......... $ 3- 00
jcp $ 5.00
TOTAL __ $ 252.00
Filed .mar. ch..1.1.,..200Z .................
mailed to exec on 3-19-02
~ster of Wills /
ATTORNEY (Sup. Ct. I.D. No.)
ADDRESS
PHONE
LAST WILL AND TESTAMENT
(Pour-Over Will)
OF
JUNE E. MECK
IDENTITY
I, JUNE E. MECK, residing in the County of Cumberland, Commonwealth of Pennsylvania, being
of sound mind and memory, and not acting under duress or undue influence of any person whomsoever,
hereby declare this to be my Last Will and Testament, and I do hereby revoke all other and former Wills
and Codicils to Wills heretofore made by me. My Social Security Number is 207-03-1260.
All reference made herein to "spouse or my spouse" refers to the person to whom I am currently
married, namely, WARREN W. MECK. By the ensuing provisions of this Will, it is my intention to
dispose of my interest in our community property and in any separate property which I may own; I do not
intend to dispose of anything belonging to my husband or to put him to any election.
I have the following children: JEFFREY R. MECK, born AUGUST 5, 1942 and currently residing
in Palmyra, Pennsylvania, PAUL A. MECK, born MARCH 8, 1949 and currently residing in
Mechanicsburg, Pennsylvania and ROBERT A. MECK, born DECEMBER 1, 1950 and currently residing
in Dillsburg, Pennsyvlania.
DEBTS, TAXES AND ADMINISTRATION EXPENSES
I have provided for the payment of all my debts, expenses of administration of property wherever
situated passing under this will or otherwise, and estate, inheritance, transfer, and succession taxes, other
than any tax on a generation-skipping transfer that is not a liability of my Estate (including interest and
penalties, if any) that become due by reason of my death, under THE WARREN W. MECK AND JUNE
E. MECK REVOCABLE LIVING TRUST executed on even date herewith (the "Revocable Trust"), or if
my spouse predeceases me, under the Survivor's Trust created by the said Revocable Trust. If the
Revocable Trust assets should be insufficient for these purposes, my Executor shall pay any unpaid items
from the residue of my Estate passing under this will, without any apportionment or reimbursement. In
the alternative, my Executor may demand in a writing addressed to the Trustee of the Trust an amount
necessary to pay all or part of these items, plus claims, pecuniary legacies, and family allowances by court
order.
PERSONAL AND HOUSEHOLD EFFECTS
It is my intent that all my personal and household effects were transferred to the Revocable Trust
as a result of the Declaration of Intent signed this date. If there are any questions regarding the ownership
or disposition of these assets, it is my desire that such assets pour into the Revocable Trust, signed by me
this date in accordance with the provisions of the section titled "Residue of Estate."
RESIDUE OF ESTATE
I give, devise and bequeath all the rest, residue and remainder of my property of every kind and
description (including lapsed legacies and devises), wherever situated and whether acquired before or after
LAST WILL AND TESTAMENT
Page 1
the execution of this Will, to the Trustee under that certain Trust executed by me on the same date of the
execution of this Will. The Trustee shall add the property bequeathed and devised by this item to the
corpus of the above described Trust and shall hold, administer and distribute said property in accordance
with the provisions of the said Trust, including any amendments thereto made before my death.
If for any reason the said Trust shall not be in existence at the time of my death, or if for any
reason a court of competent jurisdiction shall declare the foregoing testamentary disposition to the Trustee
under said Trust as it exists at the time of my death to be invalid, then I give all of my Estate including
the residue and remainder thereof to that person who would have been the Trustee under the Trust, as
Trustee, and to their substitutes and successors under the Trust, described hereinabove, to be held,
managed, invested, reinvested and distributed by the Trustee upon the terms and conditions pertaining to
the period beginning with the date of my death as are constituted in the Trust as at present constituted
giving effect to amendments, if any, hereafter made and for that purpose I do hereby incorporate such Trust
by reference into this my Will.
E~CUTOR
I hereby nominate and appoint WARREN W. MECK as my Independent Executor of this my Last
Will and Testament to serve without bond.
In the event the first named Executor shall predecease me, or is unable or unwilling to act as my
Executor for any reason whatsoever, then and in that event I hereby nominate and appoint JEFFREY R.
MECK, PAUL A. MECK and ROBERT A. MECK to serve without bond as my Joint Executors.
Whenever the word "Executor" or any modifying or substituted pronoun therefor is used in this my
Will, such words and respective pronouns shall be held and taken to include both the singular and the
plural, the masculine, feminine and neuter gender thereof, and shall apply equally to the Executor named
herein and to any successor or substitute Executor acting hereunder, and such successor or substitute
Executor shall possess all the rights, powers, duties, authority, and responsibility conferred upon the
Executor originally named herein.
EXECUTOR POWERS
By way of illustration and not of limitation and in addition to any inherent, implied or statutory
powers granted to executors generally, my Executor is specifically authorized and empowered with respect
to any property, real or personal, at any time held under any provision of this my Will: to allot, allocate
between principal and income, assign, borrow, buy, care for, collect, compromise claims, contract with
respect to, continue any business of mine, convey, convert, deal with, dispose of, enter into, exchange,
hold, improve, incorporate any business of mine, invest, lease, manage, mortgage, grant and exercise
options with respect to, take possession of, pledge, receive, release, repair, sell, sue for, make distributions
in cash or in kind or partly in each without regard to the income tax basis of such asset and in general,
exercise all of the powers in the management of my Estate which any individual could exercise in the
management of similar property owned in its own right upon such terms and conditions as to my Executor
may seem best, and execute and deliver any and all instruments and do all acts which my Executor may
deem proper or necessary to carry out the purpose of this my Will, without being limited in any way by
the specific grants or power made, and without the necessity of a court order.
LAST WILL AND TESTAMENT
Page 2
My Executor shall have absolute discretion, but shall not be required, to make adjustments in the
rights of any Beneficiaries, or among the principal and income accounts to compensate for the consequences
of any tax decision or election, or of any investment or administrative decision, that my Executor believes
has had the effect, directly or indirectly, of preferring one Beneficiary or group of Beneficiaries over
others. In determining the Federal Estate and Income Tax liabilities of my Estate, my Executor shall have
discretion to select the valuation date and to determine whether any or all of the allowable administration
expenses in my Estate shall be used as Federal Estate Tax deductions or as Federal Income Tax deductions
and shall have the discretion to file a joint income tax return with my spouse.
SPECIFIC OMISSIONS
I have intentionally omitted any and all persons and entities from this, my Last Will and Testament,
except those persons and entities specifically named herein. If any person or entity shall challenge any term
or condition of this Will, or of the Living Trust to which I have made reference in thc sections "Honsehold
and Personal Effects" and "Residue of Estate," then, to that person or entity I give and bequeath the sum
of one dollar ($1.00) only in lieu and in place of any other benefit, grant, bequest or interest which that
person or interest may have in my Estate or the Living Trust and its Estate.
SIMULTANEOUS DEATH
If my spouse and I should die under circumstances such that the order of our deaths cannot be
determined, then it shall be conclusively presumed for the purposes of this my Will that my spouse survived
me.
If any other Beneficiary should not survive me for sixty (60) days, then it shall be conclusively
presumed for the purpose of this my Will that said Beneficiary predeceased me.
This instrument consists of 5 typewritten pages including the Attestation Clause, Self-Proving
Clause, signature of Witnesses, and acknowledgment of officer. I have signed my name at the bottom of
ea the p~_~ding pages. This instrument is being signed by me on this tt ~t~n day of
_c~_o~ ~ t~! , 19 ~'~ ·
LAST WILL AND TESTAMENT
Page 3
ATTESTATION CLAUSE
The Testatrix whose name appears above declared to us, the undersigned, that the foregoing
instrument was her Last Will and Testament, and she requested us to act as witnesses to such instrument
and to her signature thereon. The Testatrix thereupon signed such instrument in our presence. At the
Testatrix's request, the undersigned then subscribed our names to the instrument in our own handwriting
in the presence of the Testatrix. The undersigned hereby declare, in the presence of each of us, that we
believe the Testatrix to be of sound and disposing mind and memory.
Signed by us on the same day and year as this Last Will and Testament was signed by the Testatrix.
WITNESSES:
ADDRESSES:
(Prihted Nan~:of Witness)
(Printed Name of Witness)
LAST WILL AND TESTAMENT
Page 4
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
SELF-PROVING CLAUSE
BEFORE ME, the undersigned authority, on this day
~t./Gr.4_~/t~ personally appeared JUNE E. MECK,
.T~o! ,~ e/'(/f, and 3~f'~/~tO ,/g[et/~ , known to me to be the Testatrix and
the wimesses, resl~ctively, whose names are subscribed to the foregoing instrument in their respective
capacities, and all of them being by me duly sworn, JUNE E. MECK, Testatrix, declared to me and to the
witnesses, in my presence, that the instrument is her Will and that she had willingly made and executed
it as her free act and deed for the purposes therein expressed; and the witnesses, each on his oath, stated
to me in the presence and hearing of the Testatrix, that the Testatrix had declared to them that the
instrument is her Will and that she executed the same as such and wanted each of them to sign it as a
witness; and upon their oaths, each witness stated further that he did sign the same as a witness in the
presence of the Testatrix, and at her request and that he was at that time eighteen (18) years of age or over
and was of sound mind, and that each of the witnesses was then at least fourteen (14) years of age.
· SS (_~
(Printed Name of Witness)
Witness~,
(Printed Name of Witness)
SUBSCRIBED AND,..ACKNQWLEDG~D~efore me by JUNE E. MECK, Testatrix.
and sworn to before me by~/9~ ~7~xt~t,,[t~/ and..~pt ~ ~~ ] and subscribed
· e. /~ dayof ~~~ , 19 ~ . wimesses,~is
omry ~bhc~mmonweal~ O~sylva~a
Allen J. Per~, Notary Public
East Hempfield Twp.. Lancaster County
My Commission Expires March 19 2001
LAST W~L A~ TESTA~ ' Page 5
REV-15OO EX (6-00)
COMMONWEALTH OF
PENNSYLVANIA
DEPARTMENT OF REVENUE
DEPT. 280601
HARRISBURG, PA 17128-0601
REV-1500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
OFFICIAL USE ONLY
-- 0 2
2 8
FILE NUMBER
2 1
COUNTY CODE
YEAR NUMBER
DECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER
Z NECK, JUNE E. 207-03-1260
LU DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR) THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
"' 02/11/2002 06/17/1920 REGISTER OF WILLS
O
I.U (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER
NECK, WARREN W
Z
I X I 1. Odginal Return
[~4. Limited Estate
["~ 6. Decedent Died Testate (Attach copy of Will)
[~9. Litigation Proceeds Received
[~2. Supplemental Return r-~ 3. Remainder Return (date of death pdor to 12-13-82)
~'--] 4a. Future Interest Compromise (date of death after 12-12-82) E~ 5. Federal Estate Tax Return Required
~'--~7. Decedent Maintained a Living Trust (Attach copy of Trust) -- 8. Total Number of Safe Deposit Boxes
~"~1 0. Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) [~ 1 1, Election to tax under Sec. 9113(A) (Attach Sch O)
THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
i COMPLETE MAILING ADDRESS
NAME
GREGG HAMM
FIRM NAME(IfAppli~ble)
BOYER & RITTER
TELEPHONE NUMBER
717-761-7210
P.O. BOX 8300
CAMP HILL, PA
17001-8JOO~
1. Real Estate (Schedule A) (1)
2. Stocks and Bonds (Schedule B) (2) 214,186
3. Closely Held Corporation, Partnership or Sole-Proprietorship (3)
4. Mortgages & Notes Receivable (Schedule D) (4)
5. Cash, Bank Deposits & Miscellaneous Personal Property
(Schedule E) (5) 4,309
6. Jointly Owned Property (Schedule F) (6)
[~] Separate Billing R~quested
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7)
(Schedule G or L)
8. Total Gross Assets (total Lines 1-7) (8)
9. Funeral Expenses & Administrative Costs (Schedule H) (9) 6,133
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10) 4, 947
I 1. Total Deductions (total Lines 9 & 10) (11)
12. Net Value of Estate (Line 8 minus Line 11) (12)
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been
made (Schedule J) (13)
OFFICIAL USE ONLY
218,495
11,080
207,415
207,415
14. Net Value Subject to Tax (Line 12 minus Line 13) (14)
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
15. Amount of Line 14 taxable at the spousal tax
rate, or transfers under Sec. 9116 (a)(1.2)
16. Amount of Line 14 taxable at lineal rate
17. Amount of Line 14 taxable at sibling rate
18. Amount of Line 14 taxable at collateral rate
19. Tax Due
20.
207,415
x .0 0 (15)
x .0 __ (16)
x .12 (17)
x .15 (18)
(19)
I-
z
z
0
Q.
z
> · BE SURE TO ANSWER ALL QUESTIONS ON REVERSE SIDE AND RECHECK MATH < <
Decedent's Complete Address:
~ I ~-ET ADDRESS
2 JUNIPER DRIVE
CITY
MECHANICSBURG
Tax Payments and Credits:
1. Tax Due (Page 1 Li~e 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
Interest/Penalty if applicable D. Interest
E. Penalty
I STATE ZIP
PA 17055
Total Credits (A + B + C) (2)
Total Interest/Penalty (D + E) (3)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
Check box on Page 1 Line 20 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)
A. Enter the interest on the tax due.
(5A)
B. Enter the total of Line 5 + 5A This is the BALANCE DUE.
Make Check Payable to: REGISTER OF WILLS, AGENT
(5B)
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, benefits or care? ................. ]----] [-~
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? ............................ E~ [~
3. Did decedent own an "in trust for" or payable upon death bank account or secudty at his or her death? I~ [-~
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
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,
Under penalties of perjury, I decl~e that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete.
Declaration of preparer otb. er thj~n the personal representative is based on all information of which preparer has any knowledge.
D.ESS --- _ -.-_ -/
2 JUNIPER DRIVE, MECHANICSBURG, [~A/ 17055
SIGNATURE OF PREPARER.OTHER T]dAN REI::~ESENTATIVE
l~ l/' Ii' ~ ~ /t (" ~"~
P.O. 17oo1- oo
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3%
[72 P.S. § 9916 (a) (1.1) (i)].
For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [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 twenty-one 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% [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%, 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% (72 P.S. § 9116(a)(1.3)]. A sibling is defined, under Section 9102, as an
individual who has at least one parent in common with the decedent, whether by blood or adoption.
1w4646 I oo0
LAST WILL AND TESTAMENT
(Pour-Over Will)
OF
JUNE E. MECK
IDENTITY
I, JUNE E. MECK, residing in the County of Cumberland, Commonwealth of Pennsylvania, being
of sound mind and memory, and not acting under duress or undue influence of any person whomsoever,
hereby declare this to be my Last Will and Testament, and I do hereby revoke all other and former Wills
and Codicils to Wills heretofore made by me. My Social Security Number is 207-03-1260.
All reference made herein to "spouse or my spouse" refers to the person to whom I am currently
married, namely, WARREN W. MECK. By the ensuing provisions of this Will, it is my intention to
dispose of my interest in our community property and in any separate property which I may own; I do not
intend to dispose of anything belonging to my husband or to put him to any election.
I have the following children: JEFFREY R. MECK, born AUGUST 5, 1942 and currently residing
in Palmyra, Pennsylvania, PAUL A. MECK, born MARCH 8, 1949 and currently residing in
Mechanicsburg, Pennsylvania and ROBERT A. MECK, born DECEMBER 1, 1950 and currently residing
in Dillsburg, Pennsyvlania.
DEBTS, TAXES AND ADMINISTRATION EXPENSES
I have provided for the payment of all my debts, expenses of administration of property wherever
situated passing under this will or otherwise, and estate, inheritance, transfer, and succession taxes, other
than any tax on a generation-skipping Ixansfer that is not a liability of my Estate (including interest and
penalties, if any) that become due by reason of my death, under THE WARREN W. MECK AND JUNE
E. MECK REVOCABLE LIVING TRUST executed on even date herewith (the "Revocable Trust"), or if
my spouse predeceases me, under the Survivor's Trust created by the said Revocable Trust. If the
Revocable Trust assets should be insufficient for these purposes, my Executor shall pay any unpaid items
from the residue of my Estate passing under this will, without any apportionment or reimbursement. In
the alternative, my Executor may demand in a writing addressed to the Trustee of the Trust an amount
necessary to pay all or part of these items, plus claims, pecuniary legacies, and family allowances by court
order.
PERSONAL AND HOUSEHOLD EFFECTS
It is my intent that all my personal and household effects were transferred to the Revocable Trust
as a result of the Declaration of Intent signed this date. If there are any questions regarding the ownership
or disposition of these assets, it is my desire that such assets pour into the Revocable Trust, signed by me
this date in accordance with the provisions of the section titled "Residue of Estate."
RESIDUE OF ESTATE
I give, devise and bequeath all the rest, residue and remainder of my property of every kind and
description (including lapsed legacies and devises), wherever situated and whether acquired before or after
LAST WILL AND TESTAMENT
Page 1
the execution of this Will, to the Trustee under that certain Trust executed by me on the same date of the
execution of this Will. The Trustee shall add the property bequeathed and devised by this item to the
corpus of the above described Trust and shall hold, administer and distribute said property in accordance
with the provisions of the said Trust, including any amendments thereto made before my death.
If for any reason the said Trust shall not be in existence at the time of my death, or if for any
reason a court of competent jurisdiction shah declare the foregoing testamentary disposition to the Trustee
under said Trust as it exists at the time of my death to be invalid, then I give all of my Estate including
the residue and remainder thereof to that person who would have been the Trustee under the Trust, as
Trustee, and to their substitutes and successors under the Trust, described hereinabove, to be held,
managed, invested, reinvested and distributed by the Trustee upon the terms and conditions pertaining to
the period beginning with the date of my death as are constituted in the Trust as at present constituted
giving effect to amendments, if any, hereafter made and for that purpose I do hereby incorporate such Trust
by reference into this my Will.
EXECUTOR
I hereby nominate and appoint WARREN W. MECK as my Independent Executor of this my Last
Will and Testament to serve without bond.
In the event the first named Executor shall predecease me, or is unable or unwilling to act as my
Executor for any reason whatsoever, then and in that event I hereby nominate and appoint JEFFREY R.
MECK, PAUL A. MECK and ROBERT A. MECK to serve without bond as my Joint Executors.
Whenever the word "Executor" or any modifying or substituted pronoun therefor is used in this my
Will, such words and respective pronouns shall be held and taken to include both the singular and the
plural, the masculine, feminine and neuter gender thereof, and shall apply equally to the Executor named
herein and to any successor or substitute Executor acting hereunder, and such successor or substitute
Executor shall possess all the rights, powers, duties, authority, and responsibility conferred upon the
Executor originally named herein.
EXECUTOR POWERS
By way of illustration and not of limitation and in addition to any inherent, implied or statutory
powers granted to executors generally, my Executor is specifically authorized and empowered with respect
to any property, real or personal, at any time held under any provision of this my Will: to allot, allocate
between principal and income, assign, borrow, buy, care for, collect, compromise claims, contract with
respect to, continue any business of mine, convey, convert, deal with, dispose of, enter into, exchange,
hold, improve, incorporate any business of mine, invest, lease, manage, mortgage, grant and exercise
options with respect to, take possession of, pledge, receive, release, repair, sell, sue for, make distributions
in cash or in kind or partly in each without regard to the income tax basis of such asset and in general,
exercise all of the powers in the management of my Estate which any individual could exercise in the
management of similar property owned in its own right upon such terms and conditions as to my Executor
may seem best, and execute and deliver any and all instruments and do all acts which my Executor may
deem proper or necessary to carry out the purpose of this my Will, without being limited in any way by
the specific grants or power made, and without the necessity of a court order.
LAST WILL AND TESTAMENT
Page 2
My Executor shall have absolute discretion, but shall not be required, to make adjustments in the
rights of any Beneficiaries, or among the principal and income accounts to compensate for the consequences
of any tax decision or election, or of any investment or administrative decision, that my Executor believes
has had the effect, directly or indirectly, of preferring one Beneficiary or group of Beneficiaries over
others. In determining the Federal Estate and Income Tax liabilities of my Estate, my Executor shall have
discretion to select the valuation date and to determine whether any or all of the allowable administration
expenses in my Estate shall be used as Federal Estate Tax deductions or as Federal Income Tax deductions
and shall have the discretion to file a joint income tax return with my spouse.
SPECIFIC OMISSIONS
I have intentionally omitted any and all persons and entities from this, my Last Will and Testament,
except those persons and entities specifically named herein. If any person or entity shall challenge any term
or condition of this Will, or of the Living Trust to which I have made reference in the sections "Household
and Personal Effects" and "Residue of Estate," then, to that person or entity I give and bequeath the sum
of one dollar ($1.00) only in lieu and in place of any other benefit, grant, bequest or interest which that
person or interest may have in my Estate or the Living Trust and its Estate.
SIMULTANEOUS DEATH
If my spouse and I should die under circumstances such that the order of our deaths cannot be
determined, then it shall be conclusively presumed for the purposes of this my Will that my spouse survived
me.
If any other Beneficiary should not survive me for sixty (60) days, then it shall be conclusively
presumed for the purpose of this my Will that said Beneficiary predeceased me.
This instrument consists of 5 typewritten pages including the Attestation Clause, Self-Proving
Clause, signature of Witnesses, and acknowledgment of officer. I have signed my name at the bottom of
eac41x of ~t,~P~ding pages. This instrument is being signed by me on this t/~f6 day of
LAST WILL AND TESTAMENT
ATTESTATION CLAUSE
The Testatrix whose name appears above declared to us, the undersigned, that the foregoing
instrument was her Last Will and Testament, and she requested us to act as witnesses to such insu-ument
and to her signature thereon. The Testatrix thereupon signed such instrtunent in our presence. At the
Testatrix's request, the undersigned then subscribed our names to the instrument in our own handwriting
in the presence of the Testatrix. The undersigned hereby declare, in the presence of each of us, that we
believe the Testatrix to be of sound and disposing mind and memory.
Signed by us on the same day and year as this Last Will and Testament was signed by the Testatrix.
WITNESSES:
(Printed Name of WitneSs) ,-./ ' "
-- -~,~,~_ /~ ,
(Printed Name of Witness)
ADDRESSES:
LAST WILL AND TESTAMENT
Page 4
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
SELF-PROVING CLAUSE
BEFORE ME the undersign_ed authority, on this day personally appeared JUNE E. MECK,
DO/,~ ~?'/~/'4~ ete0~, and ~"~/qO ,~4/eet/:~ , known to me to be the Testatrix and
the witnesses, resl~ctively, whose names are subscribed to the foregoing instrument in their respective
capacities, and all of them being by me duly sworn, JUNE E. MECK, Testatrix, declared to me and to the
witnesses, in my presence, that the instrument is her Will and that she had willingly made and executed
it as her free act and deed for the purposes therein expressed; and the witnesses, each on his oath, stated
to me in the presence and hearing of the Testatrix, that the Testatrix had declared to them that the
instrument is her Will and that she executed the same as such and wanted each of them to sign it as a
witness; and upon their oaths, each witness stated further that he did sign the same as a witness in the
presence of the Testatrix, and at her request and that he was at that time eighteen (18) years of age or over
and was of sound mind, and that each of the witnesses was then at least fourteen (14) years of age.
· ss C-.)'
(Printed Name of Witness)
Witness.,x
(Printed Name of Witness)
SUBSCRIBED AND_ACKNOWLEDGED before me by JUNE E. MECK, Testatrix, and subscribed
and sworn to before me by~/~'~ .~qt/O'~,~t,,~ and ~/4'pt ~' ~e..~ , witnesses, this
the t/ff-w~ day of ~;~n~ , 19 ~'~
Notary Pubhc~)ommonwealth oraa~-ansylvania
[ Not;'r~al"seal
i Allen j. Perry, Notary Public
/ [ East Hempfield Twp.. Lancaster County
I My Commission Expires March 19. 2001
Men~br~,~ Pm~nsvlum~i,3 Associ~tic,~ of
LAST WILL AND TESTAMENT ' "
O~ ~,,~ ~
THE WARREN W. MECK AND JUNE E. MECK
REVOCABLE LIVING TRUST AGREEMENT
DATED: ~(~ -~r~ ~'//~, 19 ~7
BETWEEN: WARREN W. MECK AND JUNE E. MECK,
AS SETTLORS
AND: WARREN W. MECK AND JUNE E. MECK,
AS TRUSTEES
WARREN W. MECK AND JUNE E. MECK, residents of the Commonwealth of Pennsylvania,
County of Cumberland, do hereby establish a Trust upon the conditions and for the purposes hereafter set
forth.
ARTICLE ONE
Section 1.01. Trust Estate Defined
This Revocable Trust is formed to hold title to real and personal property for the benefit of the
Settlors of this Trust and to provide for the orderly use and transfer of these assets upon the death of the
Settlors. The "Trust Estate" is defined as all property, transferred or conveyed to and received by the
Trustee, held pursuant to the terms of this instrument. The Trustee is required to hold, administer, and
distribute this property as provided in this Trust Agreement.
Section 1.02. Definitions
As used in this Trust Agreement,
a)
b)
c)
d)
e)
The term "husband" shall mean WARREN W. MECK.
The term "wife" shall mean JUNE E. MECK.
The term "Settlor" shall refer individually and collectively to Husband and Wife.
The term "descendant" shall mean the lawful issue of a deceased parent in the line
of descent but does not include the issue of any parent who is a descendant of the
deceased person in question and is living at the time in question.
The terms "child" and "descendant" include any issue born to decedent or legally
adopted by the decedent or a posthumous child of a decedent, and a posthumous
child is to be considered as living at the time of his or her parent's death.
REVOCABLE LIVING TRUST AGREEMENT
Page 1
f)
g)
i)
J)
The term "survives" or "surviving," unless otherwise indicated herein, shall be
construed to mean surviving the decedent for at least sixty (60) days. If the person
referred to dies within sixty (60) days of the death of the decedent, the reference
to him or her will be construed as if he or she had failed to survive the decedent;
provided, however, that any such person will have during such period the right to
the use and the enjoyment as a life tenant of all property in which his or her
interest will fail by reason of death during such period.
The term "issue" will include all natural and adopted children, if applicable, and
descendants and those legally adopted into the line of descent.
The term "per stirpes" means strict per stirpes and does not mean per capita with
representation. Beneficiaries entitled to take under a "per stirpes" clause will
include both natural and adopted children and their descendants.
The terms "Trust Assets" and "Trust Estate" include all assets of any trust created
hereunder and income derived from such assets and all proceeds of any description
derived from the sale, exchange or other disposition of such assets.
When required to give reasonable effect to the context in which used, pronouns in
the masculine, feminine or neuter gender include each other, and nouns and
pronouns in the plural or singular number include each other.
Section 1.03. Trustee Designation
Husband and wife are hereby designated as Co-Trustees. The Co-Trustees shall serve jointly and
severally and either shall have full authority to act for the Trust independently. Should either husband or
wife become unable because of death, incapacity, or other cause, to serve as a Co-Trustee, or should either
resign as Co-Trustee before the natural termination of this Trust, the remaining Co-Trustee, husband or
wife, shall thereafter serve as sole Trustee. The term "Trustee" as used in this Trust Agreement shall refer
collectively to husband and wife so long as they serve as Co-Trustees, to the spouse who serves as the sole
Trustee, and/or to any successor Trustee who assumes the role of Trustee. These Trustees shall serve in
the order as provided in Section 9.01. of this Trust Agreement.
Section 1.04.
Additions to Trust Properties
a)
The Trustee, at any time during the continuance of this Trust in his or her sole
discretion after consideration of the possible tax consequences to all concerned, is
authorized to receive into the Trust additions of cash and other properties from any
source whatsoever, whether by gift, will, or otherwise. However, the Trustee
shall accept all assets which any person or persons may give, devise, or bequeath
by Last Will and Testament to this Trust, and shall accept all assets transferred to
this Trust pursuant to the provisions of any other Trust document or documents.
b)
In addition, any person or persons may designate this Trust as the Beneficiary,
Primary or Contingent, of death benefits, whether insurance benefits, pension
benefits, or other benefits. Until such benefits mature, the Trustee shall have no
responsibility with respect to those benefits.
REVOCABLE LIVING TRUST AGREEMENT
Page 2
Section 1.05. Apportionment
The Trustee of the Trust is directed to apportion receipts and expenditures of the types described
below between principal and income as follows:
a) Whenever the principal, or any part thereof, of the trust property is invested in
securities purchased at a premium or at a discount, any premium will be charged
against principal and any discount will be credited to principal;
b) Any stock dividends and rights to purchase additional stock issued on securities
held in trust will be treated as principal, but all other dividends, except liquidating
distributions, will be treated as income; and
c)
The amount of any applicable depletion allowance for federal income tax purposes
will be treated as income.
Section 1.06. Administration of Trust During Our Lifetime
During our lifetime, the trust estate shall be held and administered as follows:
1) All property and other assets transferred to this trust shall be allocated to and held in
separate shares, the first such share being designated the "WARREN W. MECK Trust Share" and the
second share being designated the "JUNE E. MECK Trust Share."
2) Each Grantor's separate trust share shall be composed of the assets as follows:
The Grantor's one-half interest in jointly held property transferred to the trust, and
The Grantor's individually owned property which is transferred to the trust.
While each share shall be held and administered separate from the other, for tax and accounting
purposes, the trustee is authorized to hold or invest the separate shares in common investments and
co-ownership of assets.
3) The trustee shall pay to or apply for the benefit of WARREN W. MECK, all of the net
income of the WARREN W. MECK, all of the net income of the WARREN W. MECK Trust Share, in
convenient installments, not less often than quarter-annually, and in addition thereto shall pay so much of
the income and principal of such trust share to or for the benefit of WARREN W. MECK, as he may direct
from time to time, or in the absence of a direction, as the trustee may determine to be advisable for his
medical care, support, maintenance and general welfare.
4) The trustee shall pay to or apply for the benefit of JUNE E. MECK, all of the net income
of the JUNE E. MECK Trust Share, in convenient installments, not less often than quarter-annually, and
in addition thereto shall pay so much of the income and principal of such trust share to or for the benefit
of JUNE E. MECK, as she may direct from time to time, or in the absence of a direction, as the trustee
may determine to be advisable for her medical care, support, maintenance and general welfare.
All property that a Trustor transfers to the Trustee pursuant to this instrument which was
community property, quasi-community property, or separate property at the time of the transfer shall
REVOCABLE LIVING TRUST AGREEMENT
Page 3
remain, respectively community property, quasi-community property, or the separate property of the
Trustor transferring such property to the Trust.
Community and quasi-community property transferred to the Trustee by the Trustors shall be their
community property, and treated as such. This property, as invested and reinvested, together with the
rents, issues and profits therefrom (hereinafter referred to as "the Community Estate or the "Community
Property") shall retain its character as community property during the joint lifetimes of the Trustors in spite
of any change in the sims of the Trust, subject, however, to the provisions of this Agreement.
Section 1.07. Discretionary Termination
The Trustee may terminate any trust when, in the opinion of the Trustee, the principal is reduced
to such an extent that it is not in the best interest of the Beneficiary or Beneficiaries to continue the trust.
The judgment of the Trustee with respect to this decision to terminate will be final and not subject to
judicial review. If the Trustee terminates a trust according to this Section, the date the trust terminates will
be deemed the date fixed for termination of the trust, and the Trustee will distribute the assets of the
terminating trust to the Beneficiary or Beneficiaries pursuant to this Agreement.
Section 1.08. Amendment and Revocation
We hereby retain the following powers, exercisable at any time during our lifetimes:
1) To withdraw any of the property included in our separate share of the trust estate, by giving
the trustee written notice specifying the property so withdrawn, in such event the trustee shall promptly
transfer and deliver such property to us or our designee.
2) To amend the provisions of this trust declaration in any respect, without the necessity of
securing the consent of the trustee to such changes, in which event a copy of the amendment shall be
promptly furnished to the trustee; provided, however, that following the death of one of us, the survivor
shall have no power to amend the terms of the trust declaration with respect to the trust share of the first
of us to die.
3) To revoke this trust, by giving the trustee written notice of such revocation, in which event
the trustee shall promptly transfer and deliver the property constituting the trust estate to us or our
designee, together with an accounting therefore; provided, however, that following the death of one of us,
the survivor shall have no power to revoke the terms of the trust declaration with respect to the trust share
of the first of us to die.
Section 1.09. Revocation or Alteration by Settlor Alone
The rights of revocation, withdrawal, alteration and amendment reserved in this Article must be
exercised by the Settlor, and may not be exercised by any other person, including an agent, a guardian or
a conservator.
REVOCABLE LIVING TRUST AGREEMENT
Page 4
Section 1.10. Irrevocability
Except as otherwise provided, on the death of either Settlor, the designation of Beneficiaries of
specific gifts in this Trust shall become irrevocable, and not subject to amendment or modification.
Section 1.11. Settlor Powers
The surviving Settlor shall be the Trustee unless and until he or she resigns in writing, or is
determined incompetent under the terms provided herein. The surviving Settlor shall retain all absolute
rights to discharge or replace any successor Trustee of any portion or share of the Trust which is revocable
by the surviving Settlor, so long as the Settlor is competent.
ARTICLE TWO
Section 2.01. Trust Income
During the joint lives of the Seniors, the Trustee shall at least annually, unless otherwise directed
by both Settlors in writing, pay to or apply for the benefit of husband and wife, all of the net income from
the Trust Estate in the same proportions as each of the spouse's respective interests in the Trust Estate.
.)
Section 2.02. Protection of Settlor in Event of Incapacity
During the joint lives of the Seniors, should either Settlor become incapacitated as defined in
Section 2.03 below, the Trustee may, in the Trustee's absolute discretion, pay income and principal for the
benefit of the incapacitated Settlor, and may pay to or apply for the benefit of that Senior such sums from
the net income and from the principal of the Senior's separate Estate as the Trustee, in the Trustee's
absolute discretion, believes is necessary or advisable for the medical care, comfortable maintenance, and
welfare of the Settlor.
Section 2.03. Incat~acit~
In the event that any Trustee or any Beneficiary hereunder comes into possession of any of the
following:
a) A jurisdictionally applicable court order holding the party to be legally
incapacitated to act on his or her own behalf and appointing a guardian or
conservator to act for him or her, or
b)
Written certificates which are duly executed, witnessed, and acknowledged of two
licensed physicians, each certifying that the physician has examined the person and
has concluded that, by reason of accident, mental deterioration, or other cause,
such person has become incapacitated and can no longer act rationally and
prudently in his or her own financial best interests, or
REVOCABLE LIVING TRUST AGREEMENT
Page 5
c)
Evidence which such Trustee or Beneficiary deems to be credible and currently
applicable that a person has disappeared, is unaccountably absent, or is being
detained under duress, and that he or she is unable to effectively and prudently
look after his or her own best interests, then in that event and under those
circumstances:
1)
Such person is deemed to have become incapacitated, as that term is used
in this Trust Agreement, and
2)
Such incapacity is deemed to continue until such court order, certificates,
and/or circumstances are inapplicable or have been revoked.
A physician's certificate to the effect that the person is no longer incapacitated shall revoke a
certificate declaring the person incapacitated. The certificate which revokes the earlier certificate may be
executed either (i) by the originally certifying physician or (ii) by two other licensed, board certified
physicians. No Trustee shall be under any duty to institute any inquiry into a person's possible incapacity.
The reasonable expense of any such inquiry shall be paid from the Trust Assets.
Section 2.04. Principal Invasion
During the joint lives of the Settlors, should the net income of assets contained in this Trust be
insufficient to provide for the care, maintenance or support of the Settlors as herein defined, the Trustee
may, in the Trustee's sole and absolute discretion, pay to or apply for the benefit of the Settlors or either
of them, or any of their dependents, such amounts from the principal of the Trust Estate as the Trustee
deems necessary or advisable for the care, maintenance or support of the Settlors.
Section 2.05. Residence
If the Settlor's residence property is a part of the Trust, the Settlors shall have possession of and
full management of the residence and shall have the right to occupy it rent free. Any expenses arising from
the maintenance of the property and from all taxes, liens, assessments, and insurance premiums are to be
paid from the Trust to the extent that assets are available for payment. It is the intent of the Grantors to
retain all homestead rights available to them under the applicable state law.
ARTICLE THREE
Section 3.01. Provisions After the First Death
On the death of either Trustor leaving the other Trustor surviving him or her, the Trustee shall
collect all insurance proceeds payable to the Trustee by reason of such death, and all bequests and devises
distributable to the Trust Estate.
REVOCABLE LIVING TRUST AGREEMENT
Page 6
Section 3.02. Control of Assets
The surviving spouse may, at any time by written notice, require the Trustee either to make any
nonproductive property of this Trust productive or to convert productive property to nonproductive
property, each within a reasonable time. The surviving spouse may further require the Trustee to invest
part or all of this share of. Trust Assets for the purpose of maximizing income rather than growth, or
growth rather than income.
Section 3.03. Division into Shares
Upon the death of either Trustor, if the deceased Trustor is survived by the other Trustor, the
deceased's individual trust share, including any additions made by reason of the deceased Trustor's death,
shall be divided into two shares.
The Trustee, in its sole discretion, may defer the division or distribution of the deceased's
individual trust share until six months after the deceased Trustor's death. If the division or distribution of
the deceased's individual trust share is so deferred, the deferred division or distribution shall be made as
if it had taken place at the time prescribed above, and all rights given to the beneficiaries under the
provisions of this Agreement which follow shall be considered to have accrued and vested as of that
prescribed time.
Upon the death of the first Trustor to die (Predeceased Spouse), the Trustee shall divide the
deceased's individual trust share (which shall include any property which may be added from the
Predeceased Spouse's general estate) as follows:
The Trustee shall divide the balance of the deceased Trustor's individual trust share into two (2)
separate shares, hereinafter designated as "Share A" and "Share B." Share B shall be composed of cash,
securities or other property of the deceased's individual trust share (undiminished by any estate, inheritance,
succession, death or similar taxes) having a value equal to the maximum marital deduction as finally
determined in the Predeceased Spouse's federal estate tax proceedings, less the aggregate amount of marital
deductions, if any, allowed for such estate tax purposes by reason of property or interest in property
passing or which have passed to the Surviving Spouse otherwise than pursuant to the provisions of this
paragraph; provided, however, the amount of Share B hereunder shall be reduced by the amount, if any,
needed to increase the Predeceased Spouse's taxable estate (for federal estate tax purposes) to the largest
amount that, after allowing for the unified credit against federal estate tax, and the state death tax credit
against such tax (but only to the extent that the use of such state death tax credit does not increase the death
tax payable to any state), will result in the smallest (if any) federal estate tax being imposed on the
Predeceased Spouse's estate. The term "maximum marital deduction" shall not be construed as a direction
by the Predeceased Spouse to exercise any election respecting the deduction of estate administration
expenses, the determination of the estate tax valuation date, or any other tax election which may be
available under any tax laws, only in such manner as will result in a larger allowable estate tax marital
deduction than if the contrary election had been made. The Trustee shall have the sole discretion to select
the assets which shall constitute Share B. In no event, however, shall there be included in Share B any
assets or the proceeds of any asset which will not qualify for the federal estate tax marital deduction, and
Share B shall be reduced to the extent that it cannot be created with such qualifying assets. The Trustee
shall value any asset selected by the Trustee for distribution in kind as a part of Share B at the value of
such asset at the date of distribution of such asset. The balance of the deceased's individual trust share
after the assets have been selected for Share B shall be allocated to Share A.
Share A and Share B shall be administered and distributed as hereinafter set forth.
REVOCABLE LIVING TRUST AGREEMENT
Page 7
_')
Section 3.04. Credit Shelter Trust
If either of the Trustors survives the other, the Trustee shall set apart and hold as a separate trust
(the "credit shelter trust") the assets referred to as Share A in Section 3.03 above. The Trustee shall hold,
manage, invest and reinvest the assets of this credit shelter trust, shall collect the income therefrom, and
shall pay the net income to or for the benefit of the surviving Trustor, in convenient installments but at least
quarter-annually; provided that the surviving Grantor may elect to pass any portion of said income to the
remainder beneficiaries of the trust.
In addition, the Trustee may pay to or for the benefit of the surviving Trustor, for the health,
education, maintenance or support of the surviving Trustor, any part or all of the principal of this trust,
as the Trustee may determine in its sole discretion, without considering other resources available to the
surviving Trustor. The surviving Trustor shall have the right to demand and receive from the principal of
this trust in each of its fiscal years the greater of $5,000.00 or five percent of the fair market value of such
principal determined as of the last day of such fiscal year. Such right shall lapse to the extent it is not
exercised in any year. Any commission payable with respect to principal so withdrawn shall be charged
against such principal.
No person who at any time is acting as Trustee hereunder shall have any power or obligation to
participate in any discretionary authority which the Trustor has given to the Trustee to pay principal or
income to such person, or for his or her benefit or in relief of his or her legal obligations; provided,
however, if an individual trustee (who is also a beneficiary) is the sole trustee or at any time is acting as
the sole trustee, and such trustee has discretion to invade principal for himself or herself and such
discretionary authority is limited by an ascertainable standard, then such trustee may invade principal (if
limited by such standard) for himself or herself but not in relief of his or her legal obligations.
The plan of distribution and all terms of this credit shelter trust shall be irrevocable and
unamendable at any time after said credit shelter trust comes into being.
The credit shelter trustee(s) shall invest the assets of the credit shelter trust to produce a reasonable
income for the benefit of the surviving Grantor without subjecting the principal to unreasonable risk of loss.
The credit shelter trustee(s) shall be authorized and empowered to invest, reinvest, manage, transfer and
convey any and all property held in this credit shelter trust, including all powers now or hereafter conferred
upon trustees by applicable state law, and also those powers appropriate to the orderly and effective
administration of the trust.
The credit shelter trustee(s) shall make a written accounting to all income and remainder
beneficiaries or to their guardians at least annually and at the time that all assets of this credit shelter trust
are distributed. Said accounting shall consist of a record showing assets on hand at the time of the last
accounting, plus additions, minus expenses and distributions, which shall equal current assets on hand. The
credit shelter trustee(s) shall not be required to obtain authority or approval of any court in the exercise of
any power conferred upon the trustee(s), nor shall said trustee(s) be required to make accountings or
reportings to any court.
Upon the death of the surviving Trustor, any accrued income shall be paid to the estate of the
surviving Trustor and the remaining principal of this credit shelter trust shall be held, administered and
disposed of in accordance with the dispositive provisions of this agreement.
REVOCABLE LIVING TRUST AGREEMENT
Page 8
Section 3.05. Qualified Terminable Interest Trust
If either of the Grantors survives the other and there are assets allocated to Share B described in
Section 3.03 above, then the Trustee shall set apart said assets and hold them as a separate trust ("the
qualified terminable interest trust"). The Trustee shall hold, manage, invest and reinvest the assets of this
qualified terminable interest trust, shall collect the income therefrom, and shall pay the set income to or
for the benefit of the surviving Grantor in convenient installments but at least quarter-annually.
Upon the surviving Grantor's death, any accrued undistributed income shall be distributed to said
surviving Grantor's estate, and the remaining principal shall be added to and become part of the Credit
Shelter Trust and shall be held and administered and disposed of in accordance with the plan of distribution
for the Credit Shelter Trust as provided in Sections 3.04 and 4.03, after provision has first been made for
the payment of any estate, inheritance, transfer, succession or other death taxes payable by reason of the
inclusion of the value of the Trust property in said surviving Grantor's estate.
The Trustee(s) of the Qualified Terminable Interest Trust are hereby authorized, in the Trustee(s)'
sole discretion, to determine whether to elect (under Section 2056(b)(7) of the Internal Revenue Code) to
qUalify all or a specific portion of the Qualified Terminable Interest Trust created herein for the federal
estate tax marital deduction. The Trustee(s) of the Qualified Terminable Interest Trust, in exercising such
discretion, shall attempt to minimize, or eliminate if possible, the federal estate tax payable by the estate
of the decedent spouse's estate.
If, however, the Trustee(s) of the Qualified Terminable Interest Trust determine that it is in the best
interest of the persons who may receive any assets after the decedents spouse's death and after the surviving
Grantor's death to pay some federal estate tax in the decedent spouse's estate, taking into consideration any
other tax that is to be paid because of the decedent spouse's death and the surviving Grantor's death, and
any income tax liability that may be affected by the election, the Trustee(s) of the Qualified Terminable
Interest Trust may elect to take a marital deduction that does not reduce the tax to zero if the payment of
the tax will not jeopardize the ability of the Qualified Terminable Interest Trust to provide the surviving
spouse with the level of support and maintenance contemplated by this Declaration of Trust. The decision
of the Qualified Terminable Interest Trustee(s) to make this election shall be final and binding on all
persons.
The Trustee(s) of the qualified terminable interest trust is (are) authorized and empowered to invest,
reinvest, transfer, and convey any and all property held in this qualified terminable interest trust. This
includes all power now or hereafter conferred upon Trustees by applicable state law, and also those powers
appropriate to the orderly and effective administration of the trust.
The Trustee(s) shall make a written accounting to the surviving Grantor at least annually, and shall
make a written accounting to all remainder beneficiaries at the time that all assets of this qualified
terminable interest trust are distributed.
Section 3.06. Power to Appoint Agents
The surviving spouse shall have the right to retain an accountant and/or attorney at law for
professional services on behalf of the Trust Estate or Estates herein. The surviving spouse shall not be
responsible for the acts of such agents beyond his or her obligation to use reasonable care in the selection
of such agents.
REVOCABLE LIVING TRUST AGREEMENT
Page 9
Section 3.07. Maximum Marital Deduction
Except as otherwise expressly stated herein, the term "maximum marital deduction" shall not be
construed as a direction by the deceased Trustor to exercise any election respecting the deduction of Estate
administration expenses, the determination of the Estate tax valuation date, or any other tax election which
may be available under any tax laws, only in such manner as will result in a larger allowable Estate tax
marital deduction than if the contrary election had been made.
Section 3.08. Trust Income After the First Death
Following the death of either Trustor and until the death of the surviving Trustor, the Trustee shall
at least annually pay to or apply for the benefit of the surviving Trustor all of the net income from the
Trust Estate.
Section 3.09. Simultaneous Death
If the Trustors should die under circumstances which would render it doubtful as to which Trustor
died first, it shall be conclusively presumed for the purposes of this Trust that WARREN W. MECK died
first. If any other beneficiary and a Trustor should die under such circumstances, it shall be conclusively
presumed that the beneficiary predeceased such Trustor.
Section 3.10. Last Expenses
Upon the death of each of the Trustors, the Trustee of this Trust may, in its discretion, pay all or
any part of the funeral and burial expenses, probate claims, administration expense and any estate,
inheritance, succession or other death taxes, payable as a result of the death of each of the Trustors, out
of that portion of the trust estate constituting the deceased Trustor's separate trust share. The Trustee may
make any such payments directly to the creditors or taxing authority in question, or may remit funds to the
personal representative of the estate of the deceased spouse for such payments.
ARTICLE FOUR
Section 4.01. Common Pot Trust
At the death of the Surviving Trustor, our Trustee shall not create a Common Pot Trust. All of
our Trust Estate that has not been distributed under prior Articles of our Trust Agreement shall be held,
administered, divided and distributed according to the provisions that follow.
Section 4.02. Second Death
On the death of the last Trustor to die (the "Surviving Trustor"), the Trustee shall distribute the
principal of the Trust and any accrued or undistributed income from the principal of the Trust in such a
manner and to such persons, including the Estate or the Creditors, as directed in this Trust Agreement.
REVOCABLE LIVING TRUST AGREEMENT
Page I0
Section 4.03. Payment of the Second Death Expense.s.
On the death of the surviving Trustor, the Trustee shall pay from that portion of the trust estate
constituting the deceased Trustor's separate trust share the expenses of the surviving Trnstor's last illness,
funeral, burial and any inheritance, estate or death taxes that may be due by reason of the surviving
Trustor's death, unless the Trustee in his or her absolute discretion determines that other adequate
provisions have been made for the payment of such expenses and taxes.
Section 4.04.
Trust Income and Principal Distribution Upon the Death of the Surviving Trustor
a)
The Trustee shall apply and distribute the net income and principal of each of the
shares of the resulting Trust Estate, after giving effect to the section of this Trust
Agreement entitled "Special Directives" to the following Beneficiaries in the
indicated fractional shares:
JEFFREY R. MECK
PAUL A. MECK
ROBERT A. MECK
1/3
1/3
1/3
b)
c)
If any of the above Beneficiaries, or any other Beneficiary, is under the age of 25
years when the distribution is to be made, the Trustee shall have authority to
distribute the same, in whole or in part, to a custodian for the minor appointed
under a Uniform Gifts or Transfers to Minors Act, or the Trustee may retain any
such property and administer and distribute the same for the benefit of the minor,
paying to or for the benefit of such minor so much of the income and principal of
the retained property from time to time, as the Trustee deems advisable for the
health, education, support and maintenance of the minor. When the person for
whom the property is held attains the age of 25 years, the property shall thereupon
be distributed to him or her free of trust. If the minor should die before attaining
the age of majority, the property shall then be paid and distributed to the estate of
the minor.
If all of the Trustor's Beneficiaries and their children should fail to survive the
final distribution of the Trust Estate, all of the Trust Estate not disposed of as
hereinabove provided shall be distributed as provided for in this Trust Agreement.
Section 4.05. Principle of Representation
Unless indicated differently in this Trust Agreement or in the "Special Directives" section that
follows, in the event any of our named Beneficiaries should predecease both of us, all of that person's share
of the Trust Estate is to be divided equally among the deceased Beneficiary's children or issue per stirpes.
REVOCABLE LIVING TRUST AGREEMENT
Page 1 !
In the event the predeceased Beneficiary leaves no surviving children or issue, then all of that person's
share of the Trust Estate shall be divided equally among the remaining Beneficiaries per stirpes.
If a Beneficiary of the Trustors survives both Trustors, but should fail to survive to collect his or
her share at distribution, that share shall pass to the surviving issue of that deceased Beneficiary per stirpes
and with right of representation.
ARTICLE FIVE
Section 5.01. Non-Income Producing Pro~er~
During the joint lives of the Settlors, the Trustee is authorized to retain in the Trust for so long as
the Trustee may deem advisable, any property received by the Trustee from the Settlors, whether or not
such property is of the character permitted by law for the investment of Trust funds.
Section 5.02. Trustee .Powers
The Trustee shall have all powers conferred upon a Trustee by law for the orderly administration
of the Trust Estate. If any property is distributed outright under the provision of this Trust Agreement to
a person who is a minor, distribution may be made under the Pennsylvania Uniform Transfer to Minors
Act CPAUTMA"). The Trustee is further authorized to sign, deliver and/or receive any documents
necessary to carry out the powers contained within this Section.
The Trustee of any trust created under this Trust Agreement (including any substitute or successor
trustee) will have and be subject to all of the powers, duties, and responsibilities granted or imposed by
the Pennsylvania Consolidated Statutes, (20 Pa. C.S. §101 et seq.) as such Statute may provide at the time
of administration of the trust, except to the extent that the same are inconsistent with the provisions of this
Agreement.
Section 5.03. Specific Powers of Trustee
In addition, the Trustee will have the following specific powers:
a) Trust Estate - The Trustee may leave invested, any property coming into its hands
hereunder in any form of investment, even though the investment may not be of the
character of investments permitted by law to trustees, without liability for loss or
depreciation in value. The Trustee may sell, exchange, or otherwise dispose of and
reinvest property which may at any time be a part of the Trust Estate upon such terms and
conditions as the Trustee may deem advisable. The Trustee may invest and reinvest the
Trust Assets from time to time in any property, real, personal, or mixed, including without
limitation securities of domestic and foreign corporations and investment trusts or
companies, bonds, debentures, preferred stocks, common stocks, mortgages, mortgage
participations, and interests in common trust funds, all with complete discretion to convert
realty into personalty or personalty into realty or otherwise change the character of the
Trust Estate, even though such investment (by reason of its character, amount, proportion
REVOCABLE LIVING TRUST AGREEMENT
Page 12
to the total Trust Estate, or otherwise) would not be considered appropriate for a fiduciary
apart from this provision, and even though such investment caused part or all of the total
Trust Estate to be invested in investments of one type or of one business or company.
b) Holding Property - The Trustee may hold property in the Trustee's name, as
trustee, or in the name of a nominee without disclosing the Trust.
c) Release of Power - If the Trustee deems it to be in the best interest of the Trust
and its beneficiaries, the Trustee, by written instrument signed by such Trustee, will have
the power and authority to release, disclaim or restrict the scope of any power or discretion
granted in this Trust Agreement or implied by law.
d) Agents, Employees - The Trustee may employ one or more agents to perform any
act of administration, whether or not discretionary, including attorneys, auditors,
investment managers or others, as the Trustee shall deem necessary or advisable. The
Trustee may compensate agents and other employees, and may delegate to them any and
all discretions and powers.
e) Leases - The Trustee may lease any Trust Assets generally or for oil, gas and
mineral development, even though the lease term may extend beyond the term of the trust
of which the property is a part. The Trustee may enter into any covenants and agreements
relating to the property so leased or any improvements which may then or thereafter be
erected on such property.
f) Common Funds - The Trustee may hold any of the Trust Assets in a common fund
with property from other trust estates and to make investments jointly with any other trust,
the property of which is included in the common fund.
g) Securities - With respect to securities held in the Trust Estate, the Trustee may
exercise all the rights, powers, and privileges of an owner, including, but not limited to,
the power to vote, give proxies, and to pay assessments and other sums deemed by the
Trustee necessary for the protection of the Trust estate; to participate in voting trusts,
foreclosures, reorganizations, consolidations, mergers, and liquidations, and in connection
therewith to deposit securities with and transfer title to any protective or other committee
under such terms as the Trustee may deem advisable; to exercise or sell stock subscription
or conversion rights; and to accept and retain as an investment any securities or other
property received through the exercise of any of the foregoing powers, regardless of any
limitations elsewhere in this instrument relative to investments by the Trustee.
h) Purchases from Estate - The Trustee may purchase property of any kind from the
executor or administrator of our estates.
i) Lending - The Trustee may make loans, secured or unsecured, to the executor or
administrator of our estates, to any beneficiary of the Trust or to the Trustee. Further, the
Trustee may use Trust Assets to guarantee obligations of any income beneficiary of the
Trust (unless such beneficiary is serving as trustee).
j) Distributions to or for Beneficiaries - The Trustee may make any distribution
contemplated by this Trust Agreement (1) to the beneficiary, (2) if the beneficiary is under
a legal disability or if the Trustee determines that the beneficiary is unable to properly
manage his or her affairs, to a person furnishing support, maintenance or education for the
REVOCABLE LIVING TRUST AGREEMENT
Page 13
beneficiary or with whom the beneficiary is residing, for expenditures on the beneficiary's
behalf, or (3) if the beneficiary is a minor, to a trustee of an existing trust established
exclusively for the benefit of such minor, whether created by this Trust Agreement or
otherwise, or to a custodian for the beneficiary, as selected by the Trustee, under the
Pennsylvania Uniform Gifts to Minors Act. Alternatively, the Trustee may apply all or
a part of the distribution for the beneficiary's benefit. Any distribution under this
paragraph will be a full discharge of the Trustee with respect thereto. On any partial or
final distribution of the Trust Assets, the Trustee may apportion and allocate the assets of
the Trust Estate in cash or in kind, or party in cash and party in kind, or in undivided
interests in the manner deemed advisable at the discretion of the Trustee and to sell any
property deemed necessary by the Trustee to make the distribution. The Trustee may
distribute gifts of up to $10,000.00 per year per donee out of principal or interest.
k) Insurance - The Trustee may purchase new life insurance and to pay the premiums
on existing life insurance on the life of any trust beneficiary and to purchase annuities
(either commercial or private) from any corporation, trust or individual; and to procure and
pay the premiums on other insurance of the kinds, forms and amounts deemed advisable
by the Trustee to protect the Trustee and the Trust Estate.
1) Borrowing - The Trustee may borrow money from the Trustee and others, and to
secure the repayment thereof by mortgaging or pledging or otherwise encumbering any part
or all of the Trust assets and, in connection with the acquisition of any property, to assume
a liability or to acquire property subject to a liability.
m) Repairs - The Trustee may make ordinary and extraordinary repairs and alterations
in buildings or other Trust Assets.
n) Reserves - The Trustee may establish such reserves out of income for taxes,
assessments, repairs and maintenance as the Trustee considers appropriate.
o) Continuation of Business - The Trustee may continue any business or businesses
in which we have an interest at the time of our death for so long as the Trustee may, in
its sole discretion, consider necessary or desirable, whether or not the business is
conducted by us at the time of our death individually, as a partnership or as a corporation
wholly owned or controlled by us, with full authority to sell, settle and discontinue any of
them when and upon such terms and conditions as the Trustee may, in its sole discretion,
consider necessary or desirable.
p) Retain Property for Personal Use - The Trustee may retain a residence or other
property for the personal use of a beneficiary and to allow a beneficiary to use or occupy
the retained property free of rent and maintenance expenses.
q) Dealings with Third Parties - The Trustee may deal with any person or entity
regardless of relationship or identity of any trustee to or with that person or entity and may
hold or invest all or any part of the Trust Estate in common or undivided interests with
that person or entity.
r) Partitions, Divisions, Distributions - The Trustee will have the power to make all
partitions, divisions, and distributions contemplated by this Trust Agreement. Any
partitions, divisions, or distributions may be made in cash, in kind, or partly in cash and
partly in kind, in any manner that the Trustee deems appropriate (including composing
REVOCABLE LIVING TRUST AGREEMENT
Page 14
shares differently). The Trustee may determine the value of any property, which valuation
will be binding on all beneficiaries. No adjustments are required to compensate for any
partitions, divisions, or distributions having unequal consequences to the beneficiaries.
s) Claims, Controversies - The Trustee may maintain and defend any claim or
controversy by or against the Trust without the joinder or consent of any beneficiary. The
Trustee may commence or defend at the expense of the Trust any litigation with respect
to the Trust or any property of the Trust Estate as the Trustee may deem advisable, and
may employ, for reasonable compensation, such counsel as the Trustee shall deem
advisable for that purpose.
t) Merger of Trusts - If at any time the Trustee of any trust created hereunder shall
also be acting as trustee of any other trust created by trust instrument or by trust
declaration for the benefit of the same beneficiary or beneficiaries and upon substantially
the same terms and conditions, the Trustee is authorized and empowered, if in the
Trustee's discretion such action is in the best interest of the beneficiary or beneficiaries,
to transfer and merge all of the assets then held under such trust created pursuant to this
Trust Agreement to and with such other trust and thereupon to terminate the trust created
pursuant to this Trust Agreement. The Trustee is further authorized to accept the assets
of any other trust which may be transferred to any trust created hereunder and to
administer and distribute such assets and properties so transferred in accordance with the
provisions of this Agreement.
u) Termination of Small Trust - Any corporate trustee which is serving as the sole
trustee of any trust or any share thereof may at any time terminate such trust or share if,
in the trustee's sole judgment, the continued management of such trust or share is no
longer economical because of the small size of such trust or share and if such action will
be deemed to be in the best interests of the beneficiary or beneficiaries. In case of such
termination, the trustee will distribute forthwith the share of the Trust Estate so terminated
to the income beneficiary or beneficiaries, per stirpes. Upon such distribution, such trust
or share will terminate and the trustee will not be liable or responsible to any person or
persons whomsoever for its action. The trustee will not be liable for failing or refusing
at any time to terminate any trust or a share thereof as authorized by this paragraph.
v) Power to Determine Income and Principal - Dividends payable in stock of the
issuing corporation, stock splits and capital gains will be treated as principal. Except as
herein otherwise specifically provided, the Trustee will have full power and authority to
determine the manner in which expenses are to be borne and in which receipts are to be
credited as between principal and income, and also to determine what will constitute
principal or income, and may withhold from income such reserves for depreciation or
depletion as the Trustee may deem fair and equitable. In determining such matters the
Trustee may give consideration to the provisions of the Pennsylvania Statutes (or its
successor statutes) relating to such matters, but will not be bound by such provisions.
w) Generation-Skipping Taxes and Payment - If the Trustee considers any distribution
or termination of an interest or power hereunder as a distribution or termination subject
to a generation-skipping tax, the Trustee is authorized:
1) To augment any taxable distribution by an amount which the Trustee
estimates to be sufficient to pay such tax and charge the same to the particular
REVOCABLE LIVING TRUST AGREEMENT
Page 15
trust to which the tax related without adjustment of the relative interests of the
beneficiaries;
2) To pay such tax, in the case of a taxable termination, from the particular
trust to which the tax relates without adjustment of the relative interests of the
beneficiaries. If such tax is imposed in part by reason of the Trust Assets, the
Trustee will pay only the portion of such tax attributable to the taxable termination
hereunder taking into consideration deductions, exemptions, credits and other
factors which the Trustee deems advisable; and
3) To postpone final termination of any particular trust and to withhold all
or any portion of the Trust Estate until the Trustee is satisfied that the Trustee no
longer has any liability to pay any generation-skipping tax with reference to such
trust or its termination.
Section 5.04. Special Provision for S Corporation Stock
Notwithstanding what is otherwise provided in this Trust Agreement, if at any time the Trust
contains any stock of a corporation which elects or has elected treatment as an "S Corporation" as defined
by Section 1361(a)(1) of the Internal Revenue Code (or any corresponding successor statute), such stock
will be segregated from the other assets of such trust and treated as a separate trust. The Trustee will
further divide the separate trust into shares for each Beneficiary and such shares will be distributed outright
or held in trust as herein provided. In addition, all other provisions of this Trust Agreement will apply to
each share held in trust (and constituting a separate tins0 except that the Trustee will distribute all of the
income from each separate trust to its beneficiary in convenient installments at least annually. It is our
intent that each separate trust will be recognized as a "Qualified Subchapter S Trust" (QSST) under Section
1361(d)(2) of the Internal Revenue Code (or any corresponding successor statute). Notwithstanding any
provisions of this Trust Agreement to the contrary, the Trustee's powers and discretions with respect to
the administration of each separate trust (including methods of accounting, bookkeeping, making
distributions and characterizing receipts and expenses) will not be exercised or exercisable except in a
manner consistent with allowing each separate trust to be treated as a QSST as above described.
ARTICLE SIX
Section 6.01.
Coordination with Settlor's Probate Estate
At any time during the continuance of this Trust including subsequent to the death
of either Settlor the Trustees may, in their sole and uncontrolled discretion,
distribute to the deceased Settlor's Probate Estate cash and/or other property as a
Beneficiary of the Trust.
b)
All other provisions to the contrary notwithstanding, under no circumstances shall
any restricted proceeds, as hereinafter defined, be either directly or indirectly: (i)
distributed to or for the benefit of the Settlor's Executors or the Settlor's Probate
Estate; or (ii) used to pay any other obligations of the Settlor's Estate. The term
"restricted proceeds" means:
REVOCABLE LIVING TRUST AGREEMENT
Page 16
1)
2)
All qualified plans, individual retirement accounts, or similar benefits
which are received or receivable by any Trustee hereunder, and which are
paid solely to a Beneficiary other than the Executor of the Settlor's Gross
Estate for Federal Estate Tax purposes; and
All proceeds of insurance on the Setflor's life which, if paid to a
Beneficiary other than the Settlor's Estate, would be exempt from
inheritance or similar death taxes under applicable state death tax laws.
Section 6.02. Direction to Minimize Taxes
In the administration of the Trust hereunder, its Fiduciaries shall exercise all available tax related
elections, options, and choices in such a manner as they, in their sole but reasonable judgment (where
appropriate, receiving advice of tax counsel), believe will achieve the overall minimum in total combined
present and reasonably anticipated future administrative expenses and taxes of all kinds. This applies not
only to such Trust but also to its Beneficiaries, to the other Trusts hereunder and their Beneficiaries, and
to the Setflor's Probate Estate.
Without limitation on the generality of the foregoing direction (which shall to that extent supersede
the usual fiduciary duty of impartiality), such Fiduciaries shall not be accountable to any person interested
in this Trust or to Settlor's Estate for the manner in which they shall carry out this direction to minimize
overall taxes and expenses (including any decision they may make not to incur the expense of a detailed
analysis of alternative choices). Even though their decisions in this regard may result in increased taxes
or decreased distributions to the Trust, to the Estate, or to one or more Beneficiaries, the Fiduciaries shall
not be obligated for compensation readjustments or reimbursements which arise by reason of the manner
in which the Fiduciaries carry out this direction.
Section 6.03. Judgment and Discretion of Trustee
In the absence of proof of bad faith, all questions of construction or interpretation of any trusts
created by this Trust Agreement will be finally and conclusively determined solely by the Trustee,
according to the Trustee's best judgment and without recourse to any court, and each determination by the
Trustee is binding on the beneficiaries and prospective beneficiaries hereunder, both in being and unborn,
as well as all other persons, firms or corporations. The Trustee, when exercising any discretionary power
relating to the distribution or accumulation of principal or income or to the termination of any trust, will
be responsible only for lack of good faith in the exercise of such power. Each determination may be relied
upon to the same extent as if it were a final and binding judicial determination. In the event of a conflict
between the provisions of this Trust Agreement and those of the Pennsylvania Statutes, the provisions of
this Agreement will control.
ARTICLE SEVEN
Section 7.01. Resolution of Conflict
Any controversy between the Trustee or Trustees and any other Trustee or Trustees, or between
any other parties to this Trust, including Beneficiaries, involving the construction or application of any of
REVOCABLE LIVING TRUST AGREEMENT
Page 17
the terms, provisions, or conditions of this Trust shall, on the written request of either or any disagreeing
party served on the other or others, be submitted to arbitration. The parties to such arbitration shall each
appoint one person to hear and determine the dispute and, if they are unable to agree, then the two persons
so chosen shall select a third impartial arbitrator whose decision shall be final and conclusive upon both
parties. The cost of arbitration shall be borne by the losing party or in such proportion as the arbitrator(s)
shall decide. Such arbitration shall comply with the commercial arbitration rules of the American
Arbitration Association, 140 West 51st Street, New York, New York 10200.
Section 7.02. Incontestability
The beneficial provisions of this Trust Agreement are intended to be in lieu of any other rights,
claims, or interests of whatsoever nature, whether statutory or otherwise, except bona fide pre-death debts,
which any Beneficiary hereunder may have in Settlor's Estate or in the properties in trust hereunder.
Accordingly, if any Beneficiary hereunder asserts any claim (except a legally enforceable debt), statutory
election, or other right or interest against or in Settlor's Estate, or any properties of this Trust, other than
pursuant to the express terms hereof, or directly or indirectly contests, disputes, or calls into question,
before any court, the validity of this Trust Agreement, then:
Such Beneficiary shall thereby absolutely forfeit any and all beneficial interests of
whatsoever kind and nature which such Beneficiary or his or her heirs might
otherwise have under this Trust Agreement and the interests of the other
Beneficiaries hereunder shall thereupon be appropriately and proportionately
increased; and
b)
All of the provisions of this Trust Agreement, to the extent that they confer any
benefits, powers, or rights whatsoever upon such claiming, electing or contesting
Beneficiary, shall thereupon become absolutely void; and
c)
Such claiming, electing, or contesting Beneficiary, if then acting as a Trustee
hereunder, shall automatically cease to be a Trustee and shall thereafter be
ineligible either to select, remove, or become a Trustee hereunder.
Section 7.03. Specific Omissions
Any and all persons and entities, except those persons and entities specifically named herein, have
been intentionally omitted from this Trust Agreement. If any person or entity shall successfully challenge
any term or condition of this Trust Agreement, then, to that person or entity shall be given the sum of one
dollar ($1.00) in lieu and in place of any other benefit, grant, or interest which that person or interest may
have in the Trust Estate.
Section 7.04. Benefits Confidential
The Settlors further declare that it is their desire and intent that the provisions of this Trust
Agreement are to remain confidential as to all parties. The Settlors direct that only the information
concerning the benefits paid to any particular Beneficiary shall be revealed to such individual and that no
individual shall have a right to information concerning the benefits being paid to any other Beneficiary.
REVOCABLE LIVING TRUST AGREEMENT
Page 18
ARTICLE EIGHT
Section 8.01. Distribution in Kind or Cash
On any division of the assets of the Trust Estate into shares or partial shares, and on any final or
partial distribution of the assets of the Trust Estate, the Trustee, at his or her absolute'discretion, may
divide and distribute undivided interests of such assets on a pro rata or non-pro rata basis, or may sell all
or any' part of such assets and may make divisions or distributions in cash or partly in cash and partly in
kind. The decision of the Trustee, either prior to or on any division or distribution of such assets, as to
what constitutes a proper division of such assets of the Trust Estate shall be binding on all persons
interested in any Trust provided for in this Trust Agreement.
Section 8.02. Spendthrift Provision
Neither the principal nor the income of the Trust shall be liable for the debts of a Beneficiary.
Except as otherwise expressly provided in this Agreement, no beneficiary of any trust shall have any right,
power or authority to alienate, encumber or hypothecate his or her interest in the principal or income of
this Trust in any manner, nor shall the interests of any Beneficiary be subject to the claims of his or her
creditors or liable to attachment, execution or other process of law. The limitations herein shall not restrict
the exercise of any power of appointment or the right to disclaim.
-)
Section 8.03. Definition of Children
The terms "child" and "children" as used in this Agreement mean the lawful issue of a Settlor or
of the Settlors together. This definition also includes children legally adopted by a Settlor or by the Settlors
together.
Section 8.04. Handicapped Beneficiaries
Any Beneficiary who is determined by a court of competent jurisdiction to be incompetent shall
not have any discretionary rights of a Beneficiary with respect to this Trust, or to their share or portion
thereof. The trustee shall hold and maintain such incompetent Beneficiary's share of the Trust Estate and
shall, in the Trustee's sole discretion, provide for such Beneficiary as that Trustee would provide for a
minor. Notwithstanding the foregoing, any Beneficiary who is diagnosed for the purposes of governmental
benefits (as hereinafter delineated) as being not competent or as being disabled, and who shall be entitled
to governmental support and benefits by reason of such incompetency or disability, shall cease to be a
Beneficiary of this Trust. Likewise, they shall cease to be a Beneficiary if any share or portion of the
principal or income of the Trust shall become subject to the claims of any governmental agency for costs
or benefits, fees or charges.
The portion of the Trust Estate which, absent the provisions of this section, would have been the
share of such incompetent or handicapped person shall be retained in trust for as long as that individual
lives. The Trustee, at his or her sole discretion, shall utilize such funds for the maintenance of that
individual. If such individual recovers from his or her incompetency or disability, and is no longer eligible
for aid from any governmental agency, including costs or benefits, fees or charges, such individual shall
be reinstated as a Beneficiary after 60 days from such recovery, and the allocation and distribution
provisions as stated herein shall apply to that portion of the Trust Estate which is held by the Trustee
REVOCABLE LIVING TRUST AGREEMENT
Page 19
subject to the foregoing provisions of this section. If said handicapped Beneficiary is no longer living and
shall leave children then living, the deceased child's share shall pass to those children per stirpes. If there
are no children, the share shall be allocated proportionately among the remaining Beneficiaries.
ARTICLE NINE
Section 9.01. Trustees
All Trustees are to serve without bond. The following will act as Trustees of any Trusts created
by this Trust Agreement, in the following order of succession:
First: The undersigned, WARREN W. MECK and/or JUNE E. MECK.
Second: The surviving spouse.
Third: At the death or incapacity of the surviving spouse, JEFFREY R. MECK,
PAUL A. MECK and ROBERT A. MECK shall serve as Joint
Successor Trustees.
Fourth: A Trustee chosen by the majority of Beneficiaries, with a parent or legal
guardian voting for minor Beneficiaries; provided, however, that the
children of any deceased Beneficiary shall collectively have only one vote.
Section 9.02. Allocation and Distribution of the Trust Assets
The Trustees shall allocate, hold, administer and distribute the Trust Assets as hereinafter provided:
a) Upon the death of the first Settlor, the Trustee shall make any separate
distributions that have been specified by the deceased Settlor. The Trustee shall
also take into consideration the appropriate provisions of this Article.
b) Upon the death of the surviving spouse, the Trustee shall hold, administer and
distribute the Trust Assets in the manner hereinafter prescribed.
Section 9.03. Personal Property Distribution
Notwithstanding any provision of this Trust Agreement to the contrary, the Trustee must abide by
any memorandum by the Settlors, particularly that contained in the section entitled "Special Directives"
incorporated into this Trust Instrument, directing the disposition of Trust Assets of every kind including
but not limited to furniture, appliances, furnishings, pictures, china, silverware, glass, books, jewelry,
wearing apparel, and all policies of fire, burglary, property damage, and other insurance on or in
connection with the use of this property. Otherwise, any personal and household effects of the Settlors
shall be distributed with the remaining assets of the Trust Estate.
REVOCABLE LIVING TRUST AGREEMENT
Page 20
Section 9.04. Liability of Trustee
The Trustee will not be responsible or liable for any loss which may occur by reason of
depreciation in value of the properties at any time belonging to the Trust Estate, nor for any other loss
which may occur, except that the Trustee will be liable for such trustee's own negligence, neglect, default,
or willful wrong. The Trustee will not be liable or responsible for the acts, omissions, or defaults of any
agent or other person to whom duties may be properly delegated hereunder (except officers or regular
employees of the Trustee) if such agent or person was appointed with due care. The Trustee may receive
reimbursement from the Trust Estate for any liability, whether in contract or in tort, incurred in the
administration of the Trust Estate in accordance with the provisions hereof, and the Trustee may contract
in such form that such Trustee will be exempt from such personal liability and that such liability will be
limited to the Trust Assets.
Section 9.05. Successor Trustees
Any Successor Trustee shall have all the power, rights, discretion and obligations conferred on a
Trustee by this Trust Agreement. All rights, titles and interest in the property of the Trust shall
immediately vest in the successor Trustee at the time of appointment. The prior Trustee shall, without
warranty, transfer to the successor Trustee the existing Trust property. No successor Trustee shall be
under any duty to examine, verify, question, or audit the books, records, accounts, or transaction of any
preceding Trustee; and no successor Trustee shall be liable or responsible in any way for any acts, defaults
or omissions of any predecessor Trustee, nor for any loss or expense from or occasioned by anything done
or neglected to be done by any predecessor Trustee. A successor Trustee shall be liable only for his or
her own acts and defaults.
ARTICLE TEN
Section 10.01. Perpetuities Savings Clause
Notwithstanding any other provision of this instrument, the Trusts created hereunder shall terminate
not later than twenty-one (21) years after the death of the last survivor of all Settlors and any other
Beneficiary or Beneficiaries named or defined in this Trust living on the date of the death of the fkst spouse
to die. The Trustee shall distribute each remaining Trust principal and all accrued or undistributed net
income hereunder to the Beneficiary or Beneficiaries. If there is more than one Beneficiary, the distribution
shall be in the proportion in which they are Beneficiaries; if no proportion is designated, then the
distribution shall be in equal shares to such Beneficiaries.
ARTICLE ELEVEN
Section 11.01. Governing Law
It is not intended that the laws of only one particular state shall necessarily govern all questions
pertaining to all of the Trust hereunder.
REVOCABLE LIVING TRUST AGREEMENT
Page 21
a)
The validity of the Trust hereunder, as well as the validity of the particular
provisions of that Trust, shall be governed by the laws of the state which has
sufficient connection with this Trust to support such validity.
b)
The meaning and effect of the terms of this Trust Agreement shall be governed by
the laws of the Commonwealth of Pennsylvania.
c)
The administration of this Trust shall be governed by the laws of the state in which
the principal office of the Trustee then having custody of the Trust's principal
assets and records is located.
The foregoing shall apply even though the sims of some Trust assets or the home of the Settlor,
a Trustee, or a Beneficiary may at some time or times be elsewhere.
Section 11.02. Invalidity of any Provision
If a court finds that any provision of this Trust Agreement is void, invalid or unenforceable, the
remaining provisions of this Agreement will continue to be fully effective.
Section 11.03. Headings
The use of headings in connection with the various articles and sections of this Trust Agreement
is solely for convenience, and the headings are to be given no meaning or significance whatever in
consffuing the terms and provisions of this Agreement.
Section 11.04. Internal Revenue Code Terminology
As used herein, the words "gross estate," "adjusted gross estate," "taxable estate," "unified credit,"
"state death tax credit," "maximum marital deduction," "marital deduction," and any other word or words
which from the context in which it or they are used refer to the Internal Revenue Code shall be assigned
the same meaning as such words have for the purposes of applying the Internal Revenue Code to a deceased
Settlor's Estate. Reference to sections of the Internal Revenue Code and to the Internal Revenue Code shall
refer to the Internal Revenue Code amended to the date of such Settlor's death.
REVOCABLE LIVING TRUST AGREEMENT
Page 22
SPECIAL DIRECTIVES
OF
WARREN W. MECK
I, WARREN W. MECK, a resident of the County of Cumberland, Commonwealth of Pennsylvania,
being of lawful age, and of sound and disposing mind and memory, and not acting under duress, fraud,
or undue influence, hereby make, publish and declare this to be my Special Directive, and I incorporate
this into THE WARREN W. MECK AND JUNE E. MECK REVOCABLE LIVING TRUST
AGREEMENT.
The natural objects of my affection are:
1) My wife -
2) My children -
FIRST
JUNE E. MECK
· JEFFREY R. MECK
PAUL A. MECK
ROBERT A. MECK
SECOND
I direct that all estate and inheritance taxes payable as a result of my death, not limited to taxes
assessed on property, shall be paid out of the residue of my Estate, and shall not be deducted or collected
from any Legatee, Devisee or Beneficiary hereunder.
THIRD
In the event any of my named Beneficiaries should predecease me, all of that person's share of the
Trust Estate is to be divided equally among that person's issue per stirpes.
FOURTH
I direct that before any distribution of the assets of the Trust Estate to the named Beneficiaries
certain specific distributions, if any, shall be made from the assets as set forth on the list attached hereto
and marked "Exhibit A."
FIFTH
I hereby acknowledge and accept the "Special Directives," if any, of my spouse.
REVOCABLE LIVING TRUST AGREEMENT
Page 23
SPECIAL DIRECTIVES
OF
JUNE E. MECK
I, JUNE E. MECK, a resident of the County of Cumberland, Commonwealth of Pennsylvania,
being of lawful age, and of sound and disposing mind and memory, and not acting under duress, fraud,
or undue influence, hereby make, publish and declare this to be my Special Directive, and I incorporate
this into THE WARREN W. MECK AND JUNE E. MECK REVOCABLE LIVING TRUST
AGREEMENT.
The natural objects of my affection are:
1) My husband -
2) My children -
FIRST
WARREN W. MECK
JEFFREY R. MECK
PAUL A. MECK
ROBERT A. MECK
SECOND
I direct that all estate and inheritance taxes payable as a result of my death, not limited to taxes
assessed on property, shall be paid out of the residue of my Estate, and shall not be deducted or collected
from any Legatee, Devisee or Beneficiary hereunder.
THIRD
In the event any of my named Beneficiaries should predecease me, all of that person's share of the
Trust Estate is to be divided equally among that person's issue per stirpes.
FOURTH
I direct that before any distribution of the assets of the Trust Estate to the named Beneficiaries
certain specific distributions, if any, shall be made from the assets as set forth on the list attached hereto
and marked "Exhibit A."
FIFTH
I hereby acknowledge and accept the "Special Directives," if any, of my spouse.
REVOCABLE LIVING TRUST AGREEMENT
Page 24
DATED to be effective this
SETTLORS:
WA ffEN w.
ACCEPTED BY CO-TRUSTEES:
WARREN W. MECK
MECK t-
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
This instrument was acknowledged before me on the date herein set forth by WARREN W. MECK
as Settlor and Co-Trustee to certify which wimess my hand and seal of office.
l~ot,~ Pul~lic,/L'~/mo/nwealth of~nnsylvania
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
This instrument was acknowledged before me on the date herein set forth by JUNE E. MECK as
Settlor and Co-Trustee to certify which wimess my hand and seal of office.
~we~vania
REVOCABLE LIVING TRUST AGREEMENT
Page 25
REV-1503 EX + (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE B
STOCKS & BONDS
ESTATE OF FILE NUMBER
MECK, JUNE E. 21-2002-280
All propert jointly-owned with right of survivomhip must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. PRUDENTIAL SECURITIES ACCOUNT #044-295105-C5 214,186
SEE ATTACHED STATEMENT AND DATE OF DEATH VALUES.
THE ACCOUNT HOLDER IS THE WARREN MECK AND JUNE MECK REVOCABLE
TRUST DATED 02/04/98. ATTACHED IS A COPY OF THE REVOCABLE
TRUST. PURSUANT TO THE TERMS OF THE TRANSFER AGREEMENT TO
THE TRUST, THE OWNERSHIP OF ANY JOINTLY HELD PROPERTY WAS
CONVERTED TO TENANTS IN COMMON.
THE DECEASED'S VALUE OF HER TENANTS IN COMMON INTEREST
WAS $214,186.
TOTAL (Also enter on line 2, Recapitulation) $ 214,18 6
(If more space is needed, insert additional sheets of the same size)
JUNE MECK
PRUDENTIAL SECURITIES ACCOUNT 044-295105-C5
SECURITY
CHARTER MUNICIPAL MORTGAGE ACCEPTENCE CORP
FHLMC REMIC SERIES 2345 LG
FHLMC REMIC SERIES 2356 EJ
FHLMC REMIC SERIES 2359 MJ
PHILADELPHIA HOSPITAL BOND DUE 02/15/2010
AIM EQUITY FUNDS CHARTER FUND CLB
DREYFUS MUNI BOND FUND PA SERIES CLASS A
EATON VANCE MUNI TRUST PA FUND CLASS B
EVERGREEN SELECT ADJUSTABLE RATE FD CLASS C
PRUDENTIAL MUNI BOND FD HIGH INC SERIES A
PRUDENTIAL MUNI BOND FD HIGH INC SERIES B
PRUDENTIAL MUNI SERIES FD PA SERIES CLASS A
PRUDENTIAL MUNI SERIES FD PA SERIES CLASS B
PRUDENTIAL NATIONAL MUNI FD CLASS A
BLACKROCK INVESTMENT QUALITY MUNI TRUST
MUNIYIELD PA INSURED FUND
SELIGMAN SELECT MUNICIPAL FUND
VAN KAMPEN PA VALUE MUNI INCOME TRUST
VAN KAMPEN PA MUNICIPAL QUALITY MUNI TRUST
VAN KAMPEN ADVANTAGE PA MUNI INCOME TRUST
MUNICIPAL INVESTORS QUALITY TAX EXEMPT TRUST
NATIONAL MUNICIPAL TRUST UNITS 169
NATIONAL MUNICIPAL TRUST UNITS 167
PA INSURED MUNI INCOME TRUST SERIES 176
PRUDENTIAL HIGH YIELD TAX EXEMPT SERIES 5
CD BAY AREA BANK DUE 04/03/2002
CD ANCHOR BANK DUE 06/20/2002
CD CONSECO BANK DUE 10/03/2002
MONEY MARKET
TOTAL VALUE
VALUE OF 1/2 INTEREST
NUMBER OF
SHARES
432.000
170.000
200.000
180.000
50.000
2,701.175
317.000
2,457.143
517.414
1,479.892
2,669.895
3,321.002
971.000
540.766
1,168.000
293.000
502.000
1,200.000
334.000
1,114.000
10.000
5.000
5.000
10.000
2.000
11-Feb-02
VALUE PER
SHARE
16.280
98.773
98.920
99.034
102.085
10.740
15.570
10.150
9.670
10.110
10.110
10.330
10.330
15.560
13.700
15.060
10.650
15.630
16.400
16.450
977.020
771.280
740.340
806.820
135.350
11-Feb-02
VALUE
7,033
16,791
19,784
17,826
5,104
29,011
4,936
24,940
5,003
14,962
26,993
34,306
10,030
8,414
16,002
4,413
5,346
18,756
5,478
18,325
9,770
3,856
3,702
8,068
271
33,024
35,227
33,126
7,874
428,371
X 1/2
214,186
Prudential Financial r ~ Client Statement ruHM.com-
COP,,
For The Period:
February 1 - February 28, 2002
Priced Securities Value $418,325.74 $420,437.64
Money Market Funds $24,326.00 $43,512.00
Cash Balance $3,642.58 $2,565.57
Total Net Worth
$446,294.32 $466,515.21
..................................................................................For Checkwriting And Visa
I
Unrealized Gain (Loss) As Of February 28 ($3,384.72) I
I
Money Fund Dividends $42.41 $75.32
Dividends $4.00 $4.00
Interest $297.91 $595.82
Municipal Income $1,1 38.48 $2,096.03
Partnership Distributions $129.60 $129.60
Total Income $1,612.40 $2,900.77
Return Of Principal $1,480.70
Opening Cash & Fund Balance
Income & Distributions In Cash
Funds Added
Net Securities Bought/Sold
Funds Withdrawn
Visa Card Activity
Checking& Billpay
Closing Cash & Fund Balance
$27,968.58
$1,481.18 $4,141.62
$27,708.61 $33,472.80
$.00 ($5,004.56)
$.00 $.00
$.00 ($34.27)
($17,990.85)
(_~11,o8o.8o)
$46,077.57
Account Number:
044-295105-C5
Page 1 of 8
Your Financial Advisor:
E-mail Address:
Your Branch Manager:
COLLINS FINANCIAL GROUP
3 LEMOYNE DRIVE
LEMOYNE PA 17043
russell_collins~prusec.com
Iois_price@prusec. com
CHRISTOPHER S. MAILLIE
Phone:717-761-7344
HR WARREN W MECK~ MRS JUNE E
NECK CO-TTEES~ WARREN W NECK
AND JUNE E HECK REVOCABLE
LIVING TRUST UA DTD OE/Oq/q~
~ JUNIPER DRIVE
MECHANICSBURG PA 17055-4716
h,,llh,,lll,,,,I,h,l,h,h,ll,,,h,,Ihll,,lh,,,,ll,,,,lll
Municipol
Equities
Idunicipal
Equity Funds-6.3[
Money Mid
Fixed Inc. Funds-28[
Mortgage Bocked-!
Closed End Funds-14.6X
-- Ced. of Deposit -21.9~:
Pl~;ase ~ee reverse'side
COMMAND Account
For The Period:
February 1 - February 28, 2002
Prudential
Financial
MR WARREN W MECK, MRS JUNE E
CURRENT
SYMBOL QUANTITY PRICE
Client Statement
Account Number:
044-295105-C5 Page 2 of 8
ESTIMATED ESTIMATED
CURRENT ACCRUED ANNUALIZED CURRENT
VALUE INTEREST INCOME YIELD COMMENTS
Equities-l.5% of Portfolio
CHARTER MUNICIPAL MORTGAGE ACCEPTANCE CO
CHC 432 15.840 $6,842.88 $518 7.57%
Total $6,842.88 $518
Mortgage & Asset-Backed Securities-Il.7% of Portfolio
FHLMC REMIC SERIES 2345 LG 17,000 98.7728 E $16,791.38 $92 $1,105 6.58%
POOL 2345LG
CP MP 6.500 07/1512031 DTD 08101101
FHLMC REMIC SERIES 2356 EJ 20,000 98.9205 E $19,784.10 $108 $1,300 6.57%
POOL 2356EJ'
CP MP 6.500 09/15/2031 DTD 09/01/01
FHLMC REMIC SERIES 2359 MJ 18,000 99.0339 E $17,826.10 $98 $1,170 6.56%
POOL 2359MJ
CP MP 6.500 09/15/2031 DTD 09/01/01
Total $54,401.58 $298 $3,575
Municipal Bonds-l.1% of Portfolio
PHILADELPHIA PA HOSPS & HIGHER ED FACS
AUTH HOSP REV RFDG CHILDRENS HOSP PHIL
RO FA 5.250 02/15/2010 DTD 06/01193
CALL 02/15/2003 102.00
BOOK ENTRY ONLY
5,000 102.085 E $5,104.25 $12 $263 5.15% Rating: AA3/AA
Total 5,000 $5,104.25 $12 $263
Equity Mutual Funds-6.3% of Portfolio
AIM EQUITY FUNDS INC CHARTER FUND CLB SH
BCHTX 2,701.175 10.790 $29,145.68 Reinvest Div/Cap Gain
Total $29,145.68
Fixed Income Mutual Funds-28.0% of Portfolio
DREYFUS PREMIER STATE MUNICIPAL BOND PTPAX 317 15.660 $4,964.22 $232 4.67%
...................................................................................................................................................................................................................................................
EATON VANCE MUNICIAPAL TRUST EVPAX 2,457.143 10.190 $25,038.29 $1,172 4.68%
PENNSYLVANIA FUND CLASS B
Prudential(~ Financial ,,,., Client Statement rrul-..com ·
For The Period:
February 1 - February 28, 2002 MR WARREN W MECK, MRS JUNE E
CURRENT
SYMBOL QUANTITY PRICE
Account Number:
044-295105-C5 Page 3 of 8
ESTIMATED ESTIMATED
CURRENT ACCRUED ANNUALIZED CURRENT
VALUE INTEREST INCOME YIELD COMMENTS
Fixed Income Mutual Funds-28.0% of Portfolio (continued)
EVERGREEN SELECT ADJUSTABLE RATE FUND ESACX 517.414 9.670 $5,003.39 $265 5.30% Reinvest Div/Cap Gain
CLASS C ...............................................................................................
i~i~'~iS'~¥i~'C~i3'~ii~i'~'~;C~5'~iS"~'d~; ............................... ~ ............ i~'4~;~' ............ ~6'. i~ ~i5,020.90 $859 5.72%
H GH NCOME SERA FORMERLY H GH Y ELD .....................................................................................
i~i~'0iS~/4¥i;&'E'~i~'~iiSi'F~;C~5'~5"Fd~'d;.............................. i~'~'h'~ ........... '~~ ............;1'6.'i~ ........................ ~;~','~;~ $1,481 5.47% Reinvest DivlCap Gain
H GH NCOME SERB FORMERY H GH Y ELD .......................................................................................................
~'(jiS~:i~,'~"~ b'&iiS'~'~'~Z'~i~i~'i~8' ~'~b': ............................. ¢~'¢~;~, ........... '~;'~5'~';~6~' ............ ~'6"~'~8....................... $34,505.21 $1,644 4.76%
PENNSYLVAN A SER ES CLASS A ......................................................................................................................
.............................................................................................. ~'B'I~, .............. '~'~ ............... ;1'~'.'~'~ .... $10,088.69 $456 4.52°/.
PRUDENTIAL MUNICIPAL SERIES FUND:
PENNSYLVANIA SER ES CLASS B .....................................................................
PRUDENTIAL NATIONAL MUNICIPAL FUND ~'l~i~ ~:~ ......... 15.660 ~,~,'~'~;~ $370 ~
CLASS A
Total $130,188.53 $6,479
Closed End Funds-14.6% of Portfolio
BLACKROCK INVESTMENT BKN 1,168 13.760 $16,071.68 $911 5.67%
QUALITY MUNICIPAL TRUST .............................................................................................................
~l~i~; ~'~'l~l~l~;~'(/~'l~i~,'i~l'~J~'l~l~'~'~1~ .......................... ~1'1~' .............. ~ ...................~'~'~ ....................... $4,330 54 $288 6.65%
INC ...................................................................................................................................... ~;); ....................................................
~'~'~F~'~(~[~'~i~'~'~'~iE~ E~i~[ ~ ' vPv 1,200 15.450 $18,540.00 $1,195 6.4
PENNA VALUE MUN C PAL NCOME TRUST ..................................................................................................
~'~'~F~(~'~i~'~'~i~'~i~'~ .................... ~F~ .............. ~ ............ ¥~'.~5................... $5,424.16 $325 5.99%
PENNSYLVAN A MUN C PAL QUALITY MUN TR ............................................... ; ......................................................
~'~'~'~(~'~i~X'~'~i~' E~i~X[' ~ .................... ~ ............ {'~ ......... ¥~'.~ ......... $~s,04e.so $~,~e3
ADVANTAGE PENNSYLVANIA MUNI INC TRUST
Total $67,709.28 $4,190
Municipal Unit Trusts-5.5% of Portfolio
MUNICIPAL INVESTORS QUALITY TAX EXEMPT 10 977.020 $9,770.20 $147 $518 5.30%
TRUST UN TS SR 83 MONTHLY .......................................... ; ......................................................
UNITS 169 MONTHLY PAYMENT SERIES
side
COMMAND Account
For The Period:
February 1 - February 28, 2002
Prudential Financial
MR WARREN W MECK, MRS JUNE E
CURRENT
SYMBOL QUANTITY PRICE
Client Statement
Account Number:
044-295105-C5 Page 4 of 8
ESTIMATED ESTIMATED
CURRENT ACCRUED ANNUALIZED CURRENT
VALUE INTEREST INCOME YIELD COMMENTS
Municipal Unit Trusts-$.$% of Portfolio (continued)
NATIONAL MUNICIPAL TRUST UNITS 5 740.340 $3,701.70 $13 $219 5.92%
167 MONTHLY PAYMENT SERIES
PENNSYLVANIA INSURED MUNICIPAL INCOME 10 806.820 $8,068.20 $111 $403 4.99%
TRUST UNIT SERIES 176 MONTHLY
PRUDENTIAL UNIT TRUST HIGH YIELD TAX 2 135.350 $270.70 $8 $12 4.43%
EXEMPT SERIES 5 MONTHLY
Total $25,667.20 $292 $1,366
Certificates.of Deposit-21.9% of Portfolio
CD BAY AREA BANK 33,000 100.0733 E $33,024.19 $404 $990 3.00%
REDWOOD CITY CA PAYS AT MATURITY
RO 3.000 04/03/2002 DTD 10/03/01
BOOK ENTRY ONLY
CD ANCHOR BANK SSB 35,000 100.6511 E $35,227.89 $1,072 $1,540 4.37%
MADISON WISCONSIN PAYS AT MATURITY
RO 4.400 06120/2002 DTD 06/20/01
BOOK ENTRY ONLY
CD CONSECO BANK INC 33,000 100.3823 E $33,126.16 $424 $1,040 3.14%
SALT LAKE CITY UT PAYS AT MATURITY
RO 3.150 1010312002 DTD 10/03/01
BOOK ENTRY ONLY
Total $101,378.24 $1,900 $3,570
TOTAL PRICED SECURITIES VALUE $420,437.64 $2,502 $19,961
Money Market Funds-9.4% of Portfolio
COMMAND MONEY FUND
TOTAL MONEY MARKET FUNDS
43,512 1.000 $43,512.00 $666 1.53% 7-Day Yield
512.00 $666
Prudential ~ Financial ,~ Client Statement Prul:..com
Account Number:
For The Period:
February 1 -*February 28, 2002 MR WARREN W MECK, MRS JUNE E 044-295105-C5 Page 5 of 8
This section presents estimated gains or losses for your information only, and should not be used for tax purposes. We suggest you review it for accuracy and contact your Financial
Advisor with any questions before making any investment decisions. In instances where a gain (oss) has not been calculated, summary totals may not reflect a comprehensive view of
our complete portfolio A detailed breakdown of Realized Gains (Losses) will b?.shown on your Consolidated Stateme, n,t. D fferen,ces in gains (losses) may appear based on capital
Y_ ............ ,~ .....'~"^ --#~ .... ~ "ate In the summa,,, below "Short-Term Indicates shares held 1 year or less; Long-Term Indicates shar,e.s he. Id re,ore..th, an I year. Gains...
aOJu~lmu[It,~ =uu==Hu=-, ~v ==~u=,,?, ,, u . "., ' o o * e a in accoraance wl[n
losses) on Broad Based Index O,p, tm,n,s (shown as Category I ) have been allocated as 60 · long-term an.d 40 ~ sh.ort-term, r.e. gardl.ess of the len.~gm of. ~)m.e n ~! { .....
(~ection 1256 of the IRS Code). N/A - Indicates in this Summary section that, either there were no capital gains or losses in tnis ca[egory, or sumcien[ ~nmrmadon was no[ availao~e to
make an appropriate calculation.
Unrealized Gains (Losses)
Realized Gains (Losses)
This Period Year-to-Date
Short-Term ($105.77) Short-Term NIA N/A
Long-Term ($3,278.95) Long-Term N/A N/A
DATE TRANSACTION
QUANTITY PRICE/COMMENTS AMOUNT DEBITED
AMOUNT' CREDITED
Income and Distributions
Income $4.00
EVERGREEN S AD JRT C 02101 Dividend For Reinvestment
................................................................................................................................................................................................................. ~'~;i;i'~;~i'i;~'&'~;~ ............................................................ S'~gi~
D V ON 1 168 BLACKROCK INVT Q/M/T 02/01 Interest .......................................................................................
~I~"~'~' ~'~'1~I'1~'1~,'~,'"1~ ~' ~i~:l:~"l~l~ ~1~ ............................ ~)~,' ..... I'~'~i ................................................. Municipal Income $18.61
i'~*~' .............................................................................................. RECEIVED ON 18,000 BONDS OF ~i'~' ..... I'~i'~;~i .................................................................................................... i~'~'r~ ............................................................ ~'~'~i~
FHLMC REM 2359MJ CP MP 6 50 09/15/2031 ..............................................................
i ~1~' 'l~ ~;'l~i~ '~'1~ ......... :~'~)','{~' ~'~ ~'[~* ~1~ ............................... ~i'~' ..... ~'~¥~ ..................................................................... Income $108.33
FHLMC REM 2356EJ CP aP 6 50 09/15/2031 ...........................................................
ii~:i"'~i~i~iS'6'~i ......... i'f,'6i~i~' ~'d:;i~'[~'~Sf ............................... i:i~)i'~' ..... ~'~'~;~;{ ......................................................................... Income $92.08
FHLMC REM 2345LG CP MP 6 50 07/15/2031 .....................................................
ii~'f'~i~i~iS'~'~i .......... ~,'~'~'~i~'~'~5~ ................................ 65')f~' ..... ~'~i'~'&~i.............................................................................. Municipal Income $131.25
PH LA PA HSP&H/EDRO FA 5 25 02/15/2010 ..............................................
~_~"i"(~' ~'1~' ~1~1' '1~1~'' 'l~i~' i~i~:l:l~' '1~0¥ ~ ............................. ~);1'{)' ..... I'~i'~'r'~i ..................................................................................... Municipal Income $100.14
i~i~'O'~5i~'~iS"~ii'i&"~ ............................................................... 6~'i ...... i~i;~'~;;i ..................................................................................... ~'~i~i'~;~i'i~;~;~;;~ .......................................................... {i'~'~15~
For Reinvestment
i~i~'(J' ~O'h' '~i~i5' '~ii)i~' ~"6i~' 6i~:i~'f~0¥i~5~ ............................... 6~'~ ...... ~'~'t'&;"~i ..................................................................................... ~'~;;i~;i'~i'i ~;~'~;~ ........................................................ :'"~'f~i ~i5
Prudential (~, Financial
Client Statement
For The Period:
February 1 - February 28, 2002 MR WARREN W MECK, MRS JUNE E
~.~- . ~ . - ~ ~... .~ ....
DATE TRANSACTION QUANTITY
Account Number:
044-295105-C5 Page 6 of 8
PRICE/COMMENTS AMOUNT DEBITED AMOUNT CREDITED
Income and Distributions (continued)
DIV ON 502 SEL GMAN SELECT M/FD 02/21 nterest Municipal Income $25.65
................................................................................................................................................... i~;~i' '~;~'~;;;;;'t'~;~;;i ............................................................ ~'~'~i
COMMAND MONEY FND D V RE NV 01/25-02/25 02~25 Money Fund Dividend ................
ii~"~E~iOi~'~'fi ............. i'6"~'h'~"6i~ .................................. ~5'~' ..... ~'~'&;~i ..................................................................................... ~'6Ri~i'~;~i'i;~'~'~;~.................................... $43.30
UTS INV QUAL 83 MP ......................................
ii~"~E~Eig~iS'8'~i .............. ~'~'~i~§"8~' .................................. ~)~'~' ..... i';~¥~';~i ........................................... /~'6;~;i'~;; i;;~';'~;;~ $18.25
UTS NMT ZNT 167 MP ...................................
ii, YE E~Eigi~'6'~'~i .............. ~'~'~i~'§'6'~ ................................... ~)~'~' ..... I'~';~';~i ....................................................... M'6i~J;i'~;;i 'i~';'r~; ' ' $17.95
UTS NMT 169 MR ............................
ii~'f'.~i~E~ig~iS'6'~i ............. i'~'~8'~i6~"b~ .................................. ~)~' ..... i'~'b';;;i ................................................. ~'~i~i'~J'i~:'~r~e $33.70
UTS PA IMIT 176 MR ...............................................
iH"~/~igi~iS'~'~i .............. ~"~8'~ii~'~'6'~ ................................... ~'~' ..... ~'~¥;-'~;i ........................................... ~'6~i;i'~i'~;{~;me $1.o4
UT8 PRU TEHYM5 MP ..........................................
.................................................................................................................................. /~'6;~i~i'~;;,i'i~come $37.03
PRU NATIONAL MUNI A DIV DISTRIBUT ON 02/28 nterest ...............
......................................................................................................................... M'6;~ib'f~;~i'i;;~'~'~;;~ .................................. $14~.o8
PRU MUN FD PA A D V D STR BUT ON 02~26 Interest
............................................................................................................................................................................ ~'~i~'i'~[ i ~'~'~;~ ............................................... $4O.83
PRU MUNI FD PA B DIV DISTRIBUT ON 02/26 Interest ................
............................................................................................................................................ ~'J~i~i'~i'i~'~'~;;~ ............................................ $24.03
D V ON 293 MUN Y ELD PA NSD FD 02/27 Interest
................................................................................................................................................................................................................. r~'6~;i;i'~i i~'8'r~;~ .............................................. $28.06
DIV ON 334 VAN KAM AM CAP PA QU 02~28 Interest
....... ' ............................................. ~'6'~i~i'~i'i~'~'~ .................................................... $96.92
D V ON 1 114 VAN KAM AM CAP AD PA 02/28 Interest ...........
...................................................................................................................................................................................................... ~'6~J~i'~;~i'J~'8'r~; ................................................ $99.6o
DIV ON 1,200 VAN KAM AM CAP PA VM 02/28 Interest
Reinvestment Activity
EVERGREEN S AD JRT C 02/01 Purchased 0.414 $9.67 $4.00
Funds Added & Withdrawn
FUNDS RECE VED 02/13 Credit .$..8.!.0. .0..0.
.......... $13,300.00
FUNDS RECE VED 02/13 Credit
............................................................................................................................................................ ' ............. $4.000.00
FUNDS RECE VED 02119 Credit
.......................................... $277.00
FUNDS RECEVED 02/19 Credit .............
............................................................................................................................................................................................................................... '6;;~;;;ii ....................... $822.64
PA TREASURY DEPT FUNDS RECE VED 02~27 Credit .............
............................................................................................................................................................................................................................... '~l~'~ii ..................................... $652.83
DFAS-CLEVELAND FUNDS RECEIVED 02128 Credit .............
............................................................................................................................................................................................................................... 'b;;~;~';i{ ................................ 62,150.72
US TREASURY 312 FUNDS RECE VED 02~28 Credit $'~1'~ ~
FUNDS RECEIVED 02~28 Credit ...........................................
[~i~'~i 6'§ '~ ~'~i~i~'b ..................................................................... i~)~'~'" ' ' '~F;~iii ........................................................................................................................................... $5,850.08
Prudential~ Financial ~-~ Client Statement ~l'"'com'
For The Period:
February 1 -'February 28, 2002 MR WARREN W MECK, MRS JUNE E
DATE TRANSACTION
Account Number:
044-295105-C5 Page 7 of 8
QUANTITY
PRICE/COMMENTS AMOUNT DEBITED AMOUNT CREDITED
Miscellaneous
$125 COMMAND ANNUAL I-Et= WAIVED
02115
DATE WRITTEN DATE PAID CHECK ~ PAYEE EXPENSE CODE AMOUNT DEBITED AMOUNT CREDITED REFERENCE NUMBER
02./15/02 02/20/020682 MESS AH VILLAGE $4,947.40 20020510000673156
~/~'~'i6~ .............. '6~)':~i~iti~; ......... t~:~' ............... /~'9'~E§'~Oi~'~C' '~6~[=' ............................................................................... '$~ i'~;/6' .................................................... ~:~'6'~d~f~'i ~:4~ .............
$11,080.80
AS OF February 28, 2 CHECKS WERE PROCESSED, TOTALING:
To update expense code categories, call COMMAND at 1-800-222-4321.
DATE TRANSACTION QUANTITY PRICE/COMMENTS AMOUNT DEBITED AMOUNT' CREDITED
COMMAND MONEY FUND 02/01 Purchased 3 642 1.00 $3,642.00
~'6'~i ~'6' i~E/~ ~"~'6 f~'6 ......................................................... ~i~;~' ..... ~';~'~' ....................................................... ~'~ ......................................... i~t~t~ ........................... ~:/E~6'
~'6~i~'6'i~'~i~"F~J/~'6 ......................................................... ~if~'""'~,',';~'~E/ .................................... : ........... '~:4:~'~'~' ......................................... i lt~ .................... '~'i~ii~'~'EE)'
~'6'~ ~,~'6'~i~'~i~"~'(J/~ ......................................................... ~i~'~' ..... ~'i~'~a' ..................................................... ¥~'~' ........................................ '~t~ ......................... ~'~E~6'
~'6~'~'~'~i~"~'(Jf~ ......................................................... /~ii'~'""i~b'&~a' ..................................................... ~'~' ......................................... i~t~ ......................... ~i~E~6'
~'6~i~'6'~5~i~"~'~J/~i~ ......................................................... /~i~'~'"'"~b'&'~' .................................................. :4:~f~' ......................................... i~t~t~ ...................... '~ii~6'
....................................................................................... 02/21 Sold - 570 1.00 ~, ·
COMMAND MONEY FUND
......................................................... ...... ..................................................... ........ ......................... ................................
'~6~'~Kfl'(5' ~6'(4 ~'~"F~f)"6P' EEii4~'"O'~'i~'6;Ji~'~' ..................... iS~i~'~' ..... ~(J'&'~'~'~'~'~' ....................................................... ;~' ......................................... ~i'E6 ........................... f,~6' ................................
~6~i4'~'~8'~i~"'~'~i4t~ ......................................................... ~h'~' ..... ~';~'~' ..................................................... i'i'~,' ......................................... i lt~t~ ......................... i~'~':~':4~6' ................................
~'6'~i~i~'6'i~5'~i~"F~i~; ......................................................... i~'i~'~ ...... ~6'~'~' ..................................................... ~'~' ......................................... i~t~ ......................... ~&' ................................
~'6'~ii~,~'6'~i~7'~'~J/~i~ ......................................................... ~/~'~ ..... ~'~'~/ ..................................................... ~'~ .......................................... ~it~ ......................... ~,'~b' ................................
WE HAVE A LIST OF STOCKS AVAILABLE TO YOU THAT ARE BUY-RATED BY OUR EQUITY ANALYSTS ON FUNDAMENTAL GROUNDS, AND WERE GIVEN HIGH
RATINGS BY OUR QUANTITATIVE ANALYSTS--THE FASTSMART TWICE-BLESSED LIST. CALL YOUR FINANCIAL ADVISOR TODAY.
Please see reverse side
Financial Client Statement
Prudential
Page 8 of 8
0~4~-295105
~rudent a F nanca s a service mark of The Prudent a nsurance funds have.been estim~ated a.ctual values are provided to investors .frac,tiona. I shales in~ Close_.dLE_n,d.__F_u,n_d._s_,an_.d ~E_,q..u.i..t.Y_dS. ecurities are
.~ompap. y o_f Ame..r. ica, Newark, .NJ. and its affiliates, n a separate monthly r~nancia~ upoate. D_OO.K e.n[ry..onty apo canno~ -e ~.~n~.e~u u.~..u~,y~,~
~rudentia~ ~ecurities incorporated Est mated Accrued nterest is the estimated amount that would be P_.ru(3enti.a.l ~ecur t es i.s a. mer0ne, r or ~e. curme.s. ~nvestor ~'rotectlo.n
::)ne Seaport Plaza New York New York 10292 received upon a sale In most cases it is calculated from the date ~orpor..~Lo_n.~.s_lP..C), ,w.n. icn pro.~ec.[.s._rn~o~s_[..se, curide.s.in.yq.ur acc..o, un.t
.... '_. . .' ............ qf .the J.a,s.t cqupon p~y~e..nt (9r .da. te~l d,a. te),u,p throughjhe ~cl.o.s_i_n_g eUvPe~n~ ~oo~JL~u~-Ip(~Cl~aaLl~aga~oPnt° 1~3Ua~i~n~.°r pCrauSdne]ht~i~ltn~ecUunlJi~i~lsY
-'-mail ~ecurl~y: /ne conrloentiallt or inrernet e-mall cannot oe aa[e or tn s statement ~-st mateo Ann. uallzeo Inc.ome is Dase.~ upor]. ~ ~.~ ~. ~ ,,Me,f I~,~ f,," E:v;;~e ~' Dt~ ~;-'~nr=~n ~*Jhi,-.h
uaranteed, nfdrmaton ou send u~v a e-ma cou d be vowed by the d vidend or ntere, st .e. xpe_cte, d tq o.e/eceiv.ea a.n. nually. ~/'urr.e.nt ~,,~j=;~,~,= ,,;;'~;.~i;~¢';'l~nr~'R;~t~n'~=~'~rr~nt~r{C'~'f~l~'~ir"~
~ersons qther than the. in~ended recipien.t. Therefor. e do .not include Yield is derived by a vcl rig. u. st m.atea Annu.a.I .ze.,o. ncome. Dy the ~r~.l~,u~';u~ie~"~-~'l~Ts'~o~;&'~a~-~-a~,--r{~'t~rSi~t-v-~6'r
/our Pruoential Securt es account numbers, creat' care numbers. Current Value of the securtv Mutual fund d~strioutions snown as ~-i~s~s~'t~at r~sult ~rrom fluc~ations in the"r~arket (/alue of your
3asswords or other private information. Prudential Securities will Income and Yed are basedupon hstorca distributions over the investments FDIC rules require that ,,ou be informed that
3ot accept by .e-ma buy or se. orders, address changes, funds preceding 12 month period and are designed to. exclud, e capita Prudental ~ecurities is not ~ bank and~that securtes offered
ransTer requests or an other instructions reguiring your s gnature ga ns or losses gains and osses on currency transact ons aha throu,,h Prudentia Secur t es are not backed or nuaranteed by an,,
~'o.ur.st. atemen.t .m. ay.c.~)Ynt.a, n the fol o.w .n.g section,s: . rn. ay .represent a' return of capital..P, ast peffqrm.ance, is not ind.ica.tive banker insured by the FDIC un ess otherwise e~press v nd ~ate~.
lO[al Ac.count r~etwoFn repre.sents t.ne net va. ua.of the account or tu. ture results, a.nd this intor.rnadon, is n.o.t in[enaed .t9 proj.ec.[ or Insured Income Account and Cart ficate of Del3osit balances an~J
at .the. c ose of [.he s[a.t, ement per oo e. xce.pt, wnere ot.her?se pre. o c.t future oist.ribution.s..ln.e inrorm, a.t~on w. as o~ta[nea r.rom, nterest are protected up to $100 000 per benei'icial owner through
no c.a. ted. Uppr cea se. curl.[.les w not. be rerlectea _n, th s.net va~ue, out.s, iae. se.rvice.s oe~ieve.a ~ oe re,laDle o.u[. n9 i.npep~enaen[, the depository institution's Federal deposit ipsura, nqe.. . .
'Available mr Chec~wri[in_a Visa~ and Loans' renects the verrcaton nas Dean m, aae ~-or. mopey .m.a.rKet runq.s .[.n.e .L, urrent f yours.is ama. rg n.a..ccount., .this is a c. ombjnea st.ateme.nt ory@ur
approximate amount ava lab-I~ as of the per od ending date and Y e d refers to a s mD e annua zee y e a mr an iaent~rlea seven Marg n ACCOUnt aha ~Decia~ Memoranaum ACCOUnt mamtamearor
shou d be reduced by any pending checks and V sa charges not ca endar day period. Yield and share price will.fluctuate from time vou under Section 220.6 of Regulation T issued by the Board of
yet ceared For other Marg n Accounts th s s the approxmate to time andare not necessarily representatve of future income Governors of the Federal Reserve System. The permanent record
amount availabe for wthdrawa and o~ns A margin loan is a dividends Portfo o Deta for COMMAND/Bus nessEdge Accounts of the Spec a Memorandum Account as required by Regulation T is
var ab e rate oan secured bvyour account d spays 'securities grouped alphabetica ly within each asset availab e forvour nspection at your request.
Gain (Loss) Summary (COMMAND onl~;J reflects realized gains category wth fixed ncome securities shown in maturity sequence Any free credit balance while properly accounte.d for on our books
{losses) from purchases sales or other ~lisposit ons of secur t es (un ess ~ou have qpted for an alphabet ca d splay). Stock symbols or records, s. not segre~late.d from. other, c.as.h ba~ance,s, held by th. is.
tra. nsac[!ons for the statement per od and year to date. Also are displayed for I~sted equities and certain other securities For corporal o.n (with t,he exception qr regu!a[e.a commoa~ty a.ccoun.[s)
rer~ectea are est'mated unrealized g. a'ns (osses) on securities held other accounts. . osit ons. are grouped_. _(e._.,g stocks and. bondsi, and ana,.may. De usea. in th.e. ho. rrna conauct of .business...no ir~cationYqUr treeto
as of the c ose of.the statement per od .... are shown In a~h. abet ca! orUer w. Ith_tt~e. app.ropna.te quantity o.f c~r,,e?t,,,t%al~url~esP, ayacle to you upon written
Income & Distrioutions reflects the tota of d v denas, interest shares or pr ncipal amount of bonqs ~es[rictea positions may n.o.[. ~,¥,,,~,,,,, ~,,~,~,,,~ ;:.,,, f,,~,~ ,~,o fhirH I~riH~ nf fha
partnership distributions and other income credited to your account, be marginable or tra.n, sferable, aha generally cannot be sold unti~ ~,~,,l~i;~,¥~[ir~l'~o~'~'~ ~'~'r'~r~i'~n~r~{l~ ' I'r~'~/e~' i~'~'ai~,~ia't'~'~"~J~i[;
~ur ng this. statement period as we.Il as y.ear to. dat.'e., R. eturn or restrictive legend i.s liAed. -.. . ~s~j'nUn the netZdailv debit balance which includes anv credit an~
~rincl al Inrormation a ears se arate aha is not incluaea as art The ~ollowin notes may appear on your ~ta~ement: _~. ..... , . , .
p ,, p,}3 Y . P ** . g .... deb~t balances ~n your cash escrow and margin accounts dunng
of your Tota Income The sc~eadule K-1 shov~n~ the taxpayer's Spec[les that sted options are available for this secuntv the ;-tares[ -eriod The' interest char,,e is determ ned b,,
sh~,re of the net nco~ne or oss w be provided c~irectly from the E Specfies that the prce shown is an estimate derivec'l'from a multi~l~,in,~ the~et dail,, debit balance by th~ rate of interest and
partnership to the investor. _ . . . pr cng matrx or m. odel Actual p. rice .re. ay be .h. igher qr..lower, i.f fracti~ i~e numerat~ of which is the number of days the deb t
uash Activity mighlights dispays ~-un(3s Addeo and Fun~s sold prior to maturity, t-or information, Call your ~-~nancia~ ex sts And the dehorn nator of which s three hundredsixtv ~360~
.Wt. hd. ra.wn for_th.e current statement.p.erod.a,nd...year to. date. _A.dvisor.. ....... v i'able current This statement w show the averacle net daily .deb. it ba. lai~.c~ an',(J
nc uoeo are t-e.(~era F.uno.s w res, Automate(~ .t; ear ng .House · in s. pos t on s sn. own at]ace..va~..u..e [par). ~r a a I the nterest rate used to err ve at t~e amount qr into.rest cna. rge(3.
(A. CH} fu.n(~s an.o jou. rnal entries between, sap. ara.to accounts A .rna. r~(e.[ price ma.,y De. si~ni[~cantly oi]Terent.. Interest s charged in aqcordance with the in,re, st cpm. p. uta.-t.i.on
Margin Accounts rerlect a. ny .marg n .inter, e.st c.n.arged, to. your M ~noicates sec. uri[)es, neF.d in a .m.argin acc. qunt . _ _ schedule previpusly p/oyieed to you pursuant to ~ule 10o-3~ or [ne
account during this patio(3 ano year to oate. ~nteres~ cnarges& The. pric..e rerlecte.e a.n(~ quan[ty owne(~ nave oeen provioeo Dy .Securities E~.cnange Act of 1.9,34.. ......
appear n a separate section for non-COMMAND and theruno's general partner, nterest s cnargeo on the oaily oeDi[ oa]ance in your account ano
.E;usinessEdge Accounts. . · Indicates that. the genera value of these, securit es has b.e,en such interest c.l'i.arges if no.[ pa~d,~will be added to[he debit balance
Asset Composition (.,C, OMMAND) reflects the percenta.qe reduced to reflect any ant c pa[ed pr nc pa payments that wi ne n your account TOr th~ next p. erioo.
breakdown of priced "long' positions displayed within the Portfolio cred ted on the next payment date Anticipated princip, al A Basic Securities Account Fee of $75 is debited annually to most
Detail section. This pie chart does not iflisplay short pos[ohs payments may be dispayed as a se~Jarate ne of detail for non-COMMAND Accounts. Accou. nts within a COMMAND P)us
unpriced positions andcash credits (debits) ' mortgage-backed securities that carry amortized value (AV) ho,usehold and households excee(3 ng $1,000 000 in long market
Tax Information (Ret rement Accounts) reflects the tax reportable factors va~ue pr $~10,000 ip co,missions.over the pre~,ious 12 months are
contr but ons race ved for the current an.d p.r or, RS reportab e Rea.lized', an.d Unrea.lized. Ga!ns, (L.o.s. se..s) (CQMMAN.D. only) ~n~t~`~su~`*b~ec^t~`t~`~!~h"i*¥~e~`~R"e~ti~m~`f~i~nmdaBvuisn~cn~)t~degr%~([c~°ants are
years as well as distributions for the current ca~enaar year.. .. sect o~ns qis@ ay se.cur[des, o.y i.noiviau, al !o[. Kea. t.~zea gaj.n,.s (~o.sses) ,5~,~5~,.,,~,~¥~,,~,=~,s, ~"~;J~o'{'h~'~ corresPOndence mailed i'o ,,ou are
Porff~)lio Detail reflects all secudt es ho dngs ana omer are rerlectea on a [raae aate oasis mr transactions seining a.unng ;,..~,~,.,~5,,~,,,~,~,6~,,,~ ~ ......... ,~'.,~ ..... ~, ~ ~n.H W
'nvestments.. 'n,, your. account. . . Un ess. otherw'se, sPecified ..... a Ithe current per'od, or the.per[od 'n w.h. ich th.e shar.e.s ,wereear.ece~vea.mr most to ......... ocate you~ .................................... through reasonable efforts a safekeeping ~e ~'f'--~.~$
secunt es are tong. Pnces m the Portfolio Deta I are obtained ~rom ~f later. Estimatea unrea~ zee ga ns (osses) are a~sp~ay -er *uarter is char"ed '
various uotation services which we believe to be reliable, but we securities currently held The cost Ifias s used in determining ga ns ~'2~,~ ....... ~,~,, '~, ,.~, ..... ~ ............ , ,,~
cannot guarantee the r accurac These prices are based on the (Iosse.s) d. oe,s not. reflect .wash. sales an.d m. ay. not .r. eflec.t .certain. ~w ~hl~ to YOU unon reauest A financa statement of Prudent al
closing prices for "exchange-listed" secunties or are ~lenerally the. cap ta aajustments Most excn. anges rerLe..cte.a, on t.nis st.a. tem. ent ~'e~i~s In~;or~o~'a[ted ~N'~ I be'mailed to you upon request Further
b d r ce" for un sled securt es at month end Unl st'ed prererrea are treate~l as non-taxab e un ess or unt l omer intormat~on nas ~rmation with'-res,,ect to comm ss ons and other charne's related
secu~t es are pr ced v a eva uat on mode s 'and va uat .on .r s.k been c. ommuni.c, ated to us. 'Cost bas. is .o.f p. ref. e.rred.,securitie, s. with. i~'~he execution of ~sted opt on transact ons has been ?r~cluded in.
factors. They do not necessary represent the prices at .w.n c.n o_r.ig, ina~ ssue aiscount ("OI .D.") is not adjuste.a ~.or. me ac,cret;o.n p[ confirmat ons of such transact OhS pr.e. viously furnished to you ana
.tho.se,securt!~s ccu d h.ave bee. n oought or.sold; C.e.rTain inac..five;y. (JIM. t-or most I. ong, posi[[b.ns tran.s.[e.rreo pa[we, an._ oen.et~cia; such nformation will be.. made ava ab e [o you promp[~y upon
~aaea. securid.es are not p_ricea and are not incluaea in the Hricea owners, the transferors cost oasis wi De reta nee.. ~-or. snare.s request of your branch omce
~ec. udt e,s V.a ue .tot. a. The markets for som. e fi.xed income a.c.qu red from a decedent~ you .sh.o.u d cons. u t. y.o..ur tax aavi.so.r. [9 Th s statement s an o~c a record o.f yqu. r a.c. count. All ac(;pun.t
prererrea aha restr cma secur t es may not be ;iquia aha prices aetermine the appropr ate valuations aha no~oing perioo. [nat statements sent to you snail be consiaereo ona ng upon you ;t not
may be approxmatons or es[mates Pdces may b~ based on: applies. Althougt~ the cost basis shown may .h. av.e ~e.en objected to in wrtng wthn ten days If. you h. ave any que.stions
recent transact ons or bids if available' independent quotation a~usted, your cost basis may require additiona; aajus;ments, concern ng the accuracy of th s. nmrmadon p;e.a.s.e .contact. yo.ur
services that use compute;ized valuatio}3 formulas to calculate Note: we do not represent the calculations of realized and F nanc al/~,dv, isor or oca b..ran.cn .manager i.mm.eaiateiy..All ,cnecKs
pdces based on ns[ tut one quantities' or estimates. Neither prices unrealized gains (losses) as an official tax accounting of such are to be maae payable to Hruaendal Securities IncorRoratea.
nor approximations represent quotations by the Firm and prices for figures. For tax purposes, you should rely on vour own Please advise your F nan~c al Adv. isor o..f. any mateda, change. [n your
retail .quant[les of some fixed income securities including but not records and the Prudential Securities Consoli~lated Statement investment objectives or Tin.ancia~ co.na t on A sp;.p ease notify your
!imit.ed. to re. or[gage-backed ,securities, are likely ~'o be different than (Form 1099) For complete details, please refer to About Your F na~ncia! Adwsor or a.ny cna. ncle or .address..we._ will mail ygu a
!.nstitutiona p.r ces. All fixea income securities may be callable. If Prudential S~curities COMMAND Accoun£ conrLr.mation that .t.he cnange[s)' .has peen maae. ~or comrn..en[s or
[ne secudtY s called it may affect the yield you rece. ive., Certain A. ccou.nt Act. ivity reflects all ,se.ttled tr,ansact, io. ns in your ac. co, unt in o~,u.e~s.[~n~s^~r,e,~a,,r,a',,n,gr,,~s,,e~ra~loa~atoll_Sf~eU~t ~.~7z~.~L~7,~°ur
Unit hrvestment Trusts that are mar ~nable are va~uea at the c_nr_o, op). j .a.L seque qe unn [ne .statement. penoa., iq F_".'~'~,~I ~¥~%'~'b~'~I~ ........ ~ - ~,~o~ n~
spp. nsor's repurchase price Those n~ marginable are generally ~.OM. M~.l.~%.u.sine. ss~ag~ ,~.c.c,g.~]nt.s, .activity is. categori.'ze.a, ana ~u, ,-,~,,~-- .......................... , '
_valued at the public off~dng'pdce Yields on priced Unit Investment djsp~avea ov [ne [.yDe oT activity.. (~,n es.s you naye o.ptea r.o.r a
/rusts exclude accrued interest' The pdces of managed futures cnron01ogic~ll disp~i~¥). In the ui~oena ~<einvestmen[ section,
Statement Mailed to
WARREN W MECK
JUNE E MECK
3 JUNIPER DR
MECHANICSBURG PA 17055-4716
Statement of Financial
january 1,, 2001. February 18,.2002
Group Number 0282 8915 5 001
Client Number 1123 1907 4 001
WARREN W MECK
Client Number 1708 0796 0 001
JUNE E MECK
Accounts
Check Your Accounts
Automated Telephone Service
800-862-7919
Online
home2.americanexpress.com/cacc
Direct your service and~nvestment questions to
TRAVIS WAGNER /~: ,~,,"L~ _~' / ?.
American Express Financial Adv -'
3500 Market St Ste 200
Camp Hill PA 17011-4353
717-975-5555
IRA Season is Here!
Recent tax law changes have increased
IRA contribution limits and rollover options.
Contact your financial advisor today to see
rtow you can benefit.
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ask your advisor for details!
American Express Portfolio
Where your assets Percent of
are invested all current
by product products Product type
Summary
Value Value
one year ago last statement Current value
[] 0% Money Market Funds and Cash Not applicable Not applicable Not applicable
[] 100% Mutual Funds $7,874.12 $7,895.83 $7,802.12
~ 0% Securities Not applicable Not applicable Not applicable
[] 0% Annuities Not applicable Not applicable Not applicable
[] 0% Certificates Not applicable Not applicable Not applicable
[] 0% Insurance Not applicable Not applicable Not applicable
[] 0% Limited Partnerships and REITs Not applicable Not applicable Not applicable
[] 0% Additional Products Not applicable Not applicable Not applicable
100% Total value of all accounts $7,874.12 $7,895.83 $7,802.1z
REV-1508 EX + (1-97)
COMMONVVEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULEE
CASH, BANK DEPOSITS,& MISC.
PERSONAL PROPERTY
ESTATE OF FILE NUMBER
MECK, JUNE ~. 21-2002-280
Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1.
4,309
MEMBERS FIRST CREDIT UNION
ACCOUNT %11112
TOTAL (Also enter on line 5, Recapitulation) $
4,309
(If more space is needed, insert additional sheets of the same size)
5000 Louise Drive
t 'I~--~T PO Box 40
.~[ 'y.,IcmDc~l Mechanicsburg, PA 17055
www. memberslst.org
~1)I' K ~,1. ( J,IF:i)i t' ( "%1(')~
Main Switchboard: (717) 697-1161 or (800) 283-2328
Ca11-24: (717) 697-4372 or (800) 283-4372
'~DD: (717) 697-5312 or (800) 283-2328 ext. 5312
deBranch: (717) 795-6049 or (800) 237-7288
Member's
Statement
of Account
I Account Number 2 From I TO -02 Page
1111 01-01-02 03-31 1 of
MEMBERS 1ST IS PROUD TO PROVIDE
YOU WITH A SPECIAL VIP PASS.
SEE THE ENCLOSED INSERT FOR MORE
INFORRATION.
JUNE E RECK
C/O WARREN MECK
3 JUNIPER DR
MECHANICSBURG
PA 17055-4716
20728
~RANS' ;:DEAF,Fi::: :i ;; ~i:: i': :: :: ~!;: ;: TRANsAcTION DESCRIpTION!'ii::'i;! i: !:;~i::i!!ii:;i!: :?:i!~: :i:: AMOUNT i I BALANCE
SUFFIX=O0 SAVINGS 296.61
313102 DIVIDEND .44 297.05
313102 LIFE DIV TRANSFER 5.91 302.96
321502 SHARE WITHDRAWAL -277.00 25.96
321502 TFR FROM SHARES 11112-04 2.67 28.63
322802 DIVIDEND .22 28.85
331202 LIFE INSUR PROCEEDS 2988.77 3017.62
331202 SHARE WITHDRAWAL -3017.62 .00
JOINT OWNERS: WARREN MECK
Y-T-D DIVIDENDS: .66
TRUTH IN SAVINGS INFORMATION
ANNUAL PERCENTAGE YIELD / 1.75~
ANNUAL PERCENTAGE YIELD EARNED/ 1.75~
SUFFIX:O~ LIFE SAVINGS ACCOUNT ~000.00
013102 DIVIDEND 5.91 4005.91
013102 LIFE DIV TRANSFER -5.91 4000.00
021502 SHARE WITHDRAWAL -4000.00 00:
021502 SHARE DIVIDEND 2.67 2:67
021502 TFR TO SHARES 11112-00 -2.67 .00
JOINT OWNERS: WARREN W MECK
Y-T-D DIVIDENDS: 8.58
TRUTH IN SAVINGS INFORMATION
ANNUAL PERCENTAGE YIELD / 1.75~
ANNUAL PERCENTAGE YIELD EARNED/ 1.75~
FOR 2002
~ IRA YTD ~ OTHER YTD ~ TOTAL YTD ~ TOT..L YTD ~ TOT,IL YTD ~
DIVIDENDS DIVIDENDS DIVIDENDS WITHIIOLDING FORIEITURES
.00 9.24 9.24 .00 .00
iiilil i ~ ~; ~ NOTiCEiil SEE R~ERSE.SIOEi FOR iMpOrTANT iNFORMAT!ON:i:i~i.!iii~!iii~!i;ii!ii!iiiiiii:'~ ~ ili~ii;i~iii~!ilili
REV-1511 EX + (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
ATE OF FILE NUMBER
· ,~CK, JUNE E 21-2002-280
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
5.
6.
7.
FUNERAL EXPENSES:
MYERS FUNERAL HOME
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
Name of Personal Representative(s)
Social Security Number(s) / EIN Number of Personal Representative(s)
Street Address
City State __ Zip
Year(s) Commission Paid:
Attorney Fees
Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
city
Relationship of Claimant to Decedent
Probate Fees
Accountant's Fees
Tax Return Preparer's Fees
State__ Zip
6,133
TOTAL (Also enter on line 9, Recapitulation) $ 6,133
(If more space is needed, insert additional sheets of same size)
REV-1512 EX + (1-97)
COMMONVVEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
~STATE OF FILE NUMBER
NECK, 3ONE E 21-2002-280
Include unreimbursed medical expenses.
ITEM
NUMBER
DESCRIPTION
MESSIAH VILLAGE
AMOUNT
4,947
TOTAL (Also enter on line 10, Recapitulation) $ 4,947
(If more space is needed, insert additional sheets of the same size)
REV-1513 EX+ (9-00)
COMMONWF_ALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE J
BENEFICIARIES
, ATE OF FILE NUMBER
MECK, JUNE E 21-2002-280
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE
TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transom
under Sec. 9116 (a) (1.2)]
WARREN W. MECK
2 JUNIPER DRIVE
MECHANICSBURG, PA 17055
SPOUSE
207,415
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
II.
NON-TAXABLE 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
........... (If more space is needed, insed additional sheets of the same size)
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DZVTSZON
DEPT. 280601
HARR/SBURG, PA 171Z8-0601
GRE$$ HAHN ..... :'
BOYER & RITTER
PO BOX 8300 .
CAHP HILL PA 170011/'r
COHHONWEALTH OF PENNSYLVANIA
DEPARTHENT OF REVENUE
NOTICE OF INHERITANCE TAX
APPRAZSENENT, ALLO#ANCE OR DZSALLO#ANCE
OF DEDUCTIONS AND ASSESSHENT OF TAX
DATE
ESTATE OF
DATE OF DEATH
FILE NUNBER
ACN
10-07-2002
HECK
02-11-2002
21 02-0280
CUMBERLAND
101
Aaoun~ Raai~od
JUNE E
HAKE CHECK PAYABLE AND RENIT PAYHENT TO:
REGISTER OF WILLS
CUNBERLAND CO COURT HOUSE
CARLISLE, PA 17013
CUT ALONG THIS LINE ~ RETAIN LOWER PORTZON FOR YOUR RECORDS ~
REV-1547 EX AFP (01-02) NOTICE OF INHERITANCE TAX APPRAZSEHENT, ALLOWANCE OR
DISALLOWANCE OF DEDUCTIONS AND ASSESSHENT OF TAX
ESTATE OF HECK JUNE E FILE NO. 21 02-0280 ACN 101 DATE 10-07-2002
TAX RETURN NAS: (X) ACCEPTED AS F/LED ( ) CHANGED
RESERVATION CONCERNZNG FUTURE INTEREST - SEE REVERSE
APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN
1. Real Estate (Schedule A) (1)
2. Stocks and Bonds (Schedule B)
$. Closely Held Stock~Partnership Interest (Schedule C) ($).
q. Nortgegas/Notas Race/vable (Schedule D) (~).
$. Cash/Dank Depos/ts/H/sc. Personal Property (Schedule E) (5)
6. Jo/ntly Owned Property (Schedule F) (6)
7. Transfers (Schedule G) (7)
8. Total Assets
APPROVED DEDUCTIONS AND EXEHPTZONS:
9. Funeral Expanses/Ada. Costs/Hisc. Expenses (Schedule H) (9)
10. Dabts/Hortgage Liabil/tias/L/ens (Schedule 1) (10)
11. Tote1Doduct/ons
12. Net Value of Tax Return
21~;186.00
.00
4,309.00
.00
.00 NOTE: To insure proper
cred/t to your account,
suba/t the upper port/on
.00 of th/s fora wiith your
tax payaent.
.O0
(8)
6,133.00
15.
1~.
NOTE:
ASSESSHENT OF TAX:
15. Aaount of L/ne 1~ at Spousal ra~e
16. Aaount of L/ne 1~ taxable at L/noel/Class A rate
17. Amount of Line lq at S/bl/ng rate
18. Aaount of Lino 1~ taxable a~ Collateral/Class B ra~e
19. Principal Tax Due
TAX CREDITS:
PAYHENT K~C~ZPT D~SCOUNT
DATE NUHBER INTEREST/PEN PAID (-)
4~947.00
(11)
(12)
Char/table/Govarnaantal Bequests; Non-elected 911:5 Trusts (Schedule J) (15)
Net Value of Estate Subject to Tax (lq)
Zf an assessment ~as lssued previously, 1/nes 14, 15 and/or 16, 17,
reflect figures that include the total of ALL returns assessed to date.
IF PAID AFTER DATE INDICATED, SEE REVERSE
FOR CALCULAT/ON OF ADD/T/ONAL INTEREST.
218,495.00
11.080.00
207,415.00
.00
207,415.00
18 and 19
( ZF TOTAL DUE ZS LESS THAN $1, NO PAYNENT ZS RE~UZRED.
ZF TOTAL DUE ZS REFLECTED AS A 'CREDZT' (CR), YOU NAY BE DUE
A REFUND. SEE REVERSE SZDE OF THIS FORH FOR ZNSTRUCTZONS.)
TOTAL TAX CREDIT
BALANCE OF TAX DUE
INTEREST AND PEN.
TOTAL DUE
.00
.00
.00
.00
AHOUNT PAID
(15) 207,415.00 x O0 = .00
(16) .00 x 045= .00
(17) .00 x 12 = .00
(18) .00 x 15 = .00
(19)= . O0
STATUS REPORT UNDER RULB 6.12
Name
Date of Death:
Will No.
Admin. No.:/Pa k 0 ;z-.Mc.)
'Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the
following with respect to completion of the administration of the above-captioned estate:
1. State w__~ther administration of the estate is complete:
Yes ~ No [-]
2. I/the answer is No, state when the personal representative reasonably bell,eves
that the administration will be complete:
3. If the answer to No. 1 is Yes, state the following:
a. Did the personal r~iSentative file a final account with the Court?
Yes _ No
b. The separate Orphans' Court No. (if any) for the personal representative's
account is:
c. Did the personal repjfesentafive state an account informally to the parties
in interest? Yes ~' No' ["-]
Date:
Copies of receipts, releases, joinders and approval of formal or
informal accounts may be filed with the Clerk of the. Orphans' Court
and may be attached to this report. /
Signature
Name
Capacity:
Address ] 'TdO-'-~
Telephone No.
ceorsonal Representative
unsel for personal representative