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HomeMy WebLinkAbout06-24-13 1505610140 REV-1500 EX (o,-,o, PA Department of Revenue OFFICIAL USE ONLY Bureau of Individual Taxes INHERITANCE TAX RETURN County Code Year Fila—Number PO BOX 280601 Harrisburg.PA 17128-0601 RESIDENT DECEDENT 2 1 1 2 1 3 1 7 ENTER DECEDENT INFORMATION BELOW —"- Social Security Number Date of Death MMODYYYY Date of Birth MMODYYYY 1 2 1 0 2 13 1 2 0 8 2 1 1 9 2 3 Decedent's Last Name Suffix Decedent's First Name MI R I C H A R D S B E T T Y C (If Applicable)Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name Ml Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW 1.Original Return 2.Supplemental Return 3.Remainder Return(date of death prior to 12-13-82) 4.Limited Estate n 4a.Future Interest Compromise(date of 5.Federal Estate Tax Return Required death after 12-12-82) QX 6. Decedent Died Testate n 7.Decedent Maintained a Living Trust 8.Total Number of Safe Deposit Boxes ., (Attach Copy of Will) (Attach Copy of Trust) 9.Litigation Proceeds Received n 10.Spousal Poverty Credit(date of death F] 11.Election to tax under Sec.9113(A) between 12-31.91 and 1-1.95) (Attach Sch.O) CORRESPONDENT-THIS SECTION MUST BE COMPLETED,ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number D A V I D W R E A G E R 7 1 7 7 6 3 1 3 8 3 >v REGISTER OOF WILLS000 '. First line of address ca '=0 M r v ref 2 3 3 1 M A R K E T S T R E E T ZZ x Second line of address ' rJ f7 O 'rT {'D O -;t ' City or Post Office State ZIP Code --} ATE FILEmy r'= g C A M P H I L L P A 1 7 0 1 1 � C) ' Correspondent's e-mail address: li DWREAGER@REAGERADLERPC.COM Under penalties of perjury,I declare that I have examined this return,including actximpanying schedules and statements,and to the best of my knowledge and belief, it Is true,correct and complete.Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNATURE 5 RE ILtN RETURN GATE ADDRESS (D a 0 ° 613 133 NORTH 25THxs1rREET CAMP HILL PA 17011 SIGNATURE OF P %K E H N REPRESENTATIVE ADDRESS ` - 2331 MARKET STREET CAMP HILL PA 17011 PLEASE USE ORIGINAL FORM ONLY Side 1 L 1505610140 1505610140 _J 1505610240 REV-1500 EX Decedent's Social Security Number Decedenfs Name: BETTY C. RICHARDS RECAPITULATION 1. Real Estate(Schedule A) . . . . . . . . . . . . . . . .. . . . .. . . . .. . . . .. .. . . . .. . .. . 1. 1 6 0 0 0 0 , 0 0 2. Stocks and Bonds(Schedule B) . .. . . . . . . . . . . . . . .. . . . .. .. . . . .. . . . . . . . . 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship(Schedule C) . . . . . 3. 4. Mortgages and Notes Receivable(Schedule D) . . . . . . . . . . . . . . . .. .. . . . .. . . 4. , 5. Cash,Bank Deposits and Miscellaneous Personal Property(Schedule E). . . . . . . 5. 9 9 1 4 3 6. Jointly Owned Property(Schedule F) 1:1 Separate Billing Requested . . .. . . . 6. 1 3 9 8 , 6 2 7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property (Schedule G) [:] Separate Billing Requested . . . . . . . 7. 3 4 3 1 8 , 8 0 8. Total Gross Assets(total Lines 1 through 7) 8. 2 9 4 8 6 0 , 9 3 9. Funeral Expenses and Administrative Costs(Schedule H) . . . . . . 3 6 5 2 . 0 0 10. Debts of Decedent,Mortgage Liabilities,and Liens(Schedule 1) . . . . . . . .. . . . . 10. 3 2 3 9 5 . 8 4 11. Total Deductions(total Lines 9 and 10) . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . 11. 3 6 0 4 7 . 8 4 12. Net Value of Estate(Line 8 minus Line 11) . .. . . . . . . . . . . . . 12 2 5 8 8 1 3 . 0 9 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made(Schedule J) . . . . . . . . . .. .. . . . . . . . . . 13. 14. Net Value Subject to Tax(Line 12 minus Line 13) . . . . . . . . . . . . . . . .. . . . . . 14. 2 5 8 8 1 3 . 0 9 TAX CALCULATION-SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate,or transfers under Sec.9116 0 . 0 0 15. ❑ . ❑ ❑ 16. Amount of Line 14 taxable at lineal rate x .045 2 5 8 8 1 3 . 0 9 16. 1 1 6 4 6 . 5 9 17. Amount of Line 14 taxable at sibling rate X.12 0 . ❑ 0 17. 0 . 0 0 18. Amount of Line 14 taxable at collateral rate X.15 ❑ . ❑ 0 19. TAX DUE . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . . . . . .. . . . . . . . . .. . . . .. . . 19. 1 1 6 4 6 . 5 9 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT a Side 2 L 1505610240 1505610240 J REV-1600 EX Pap File Number Decedent's Complete Address: 21 12 1317 DECEDENT'S NAME BETTY C. RICHARDS STREET ADDRESS 218 WOOD STREET CITY ZIP CAMP HILL PA 170L1 Tax Payments and Credits: I. Tax Due(Page 2,Une 19) (1) 111646.59 2. Credits/Payments A.Prior Payments 11,000-00 B.Discount 578.93 Total Credits(A+B) (2) 11,578.93 3. Interest (3) 4. If Line 2 is greater than Line f +Line 3,enter the difference.This is the OVERPAYMENT. Fill in oval on Page 2,Line 20 to request a refund. (4) 0.00 5, If Line 1+Une 3 is greater than Line 2,enter the difference.This is the TAX DUE. (5) 67.66 Make check payable to: REGISTER OF WILLS, AGENT __ _ _. _,__. . PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN"X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a, retain the use or income of the property transferred; ...................................................................... ❑ IXI 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? ....................................................... El 0 2. If death occurred after December 12,1982,did decedent transfer property within one year of death without receiving adequateconsideraGon? ........ _....... _...............___.......................................... ❑ El 3. Did decedent own an"in trust for"or payable-upon-death bank account or security at his or her death? ......... ❑ 4. Did decedent own an individual retirement account,annuity or other non-probate property,which contains a beneficiary designation?.................................................................................................. 0 ❑ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES,YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1,1994,and before Jan.1, 1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3 percent[72 P.S.§9116(a)(1.1)(1)]. For dates of death on or after Jan. 1, 1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent [72 P.S.§9116(a)(1.1)(ii)].The statute does not exempt a transfer to a surviving spouse from tax,and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1,2000: • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent,an adoptive parent or a stepparent of the child is 0 percent[72 P.S.§9116(a)(1.2)]. • The tax rate imposed on the net value of transfers to or for the use of the decedents lineal beneficiaries is 4.5 percent,except as noted in 72 P.S.§9116(1,2)[72 P.S.§9116(a)(1)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent 172 P.S.§9116(a)(13)].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. REV-1502 EX+(01-10) pennsylvania SCHEDULE A DEPARTMENT OF REVENUE INHERITANCE TAX RETURN REAL ESTATE RESIDENT DECEDENT ESTATE OF: BETTY C. RICHARDS FILE NUMBER: All real property owned solely or as a tenant in common must be reported at fair market value.Fair market v would be exchanged between a willing buyer and a willing seller 21 alue is defined as the price at which property ,neither being compelled to buy or sell,both having reasonable knowledge of the relevant fa Real property that is jointlyowned with right of survivorship must be disclos ds. ed on Schedule F. TEM Attach a copy of the settlement sheet if the property has been sold. Include e a copy of the deed showing decedent's interest if owned as tenant in common. VALUE AT DATE DESCRIPTION OF DEATH 218 WOOD STREET, CAMP HILL, PENNSYLVANIA 17011 SETTLEMENT SHEET ATTACHED 1611'000'00 TOTAL(Also enter on Line 1,Recapitulation.) $ 160,000-00 If more space is needed,use additional sheets of paper of the same size. REV-1508 EX-(11-10) pennsylvania SCHEDULE E DEPARTMENT OF REVENUE INHERITANCE TAX RETURN CASH, BANK DEPOSITS, & MISC. RESIDENT DECEDENT PERSONAL PROPERTY ESTATE OF: FILE NUMBER: BETTY C. RICHARDS 21 12 1317 Indude the proceeds of litigation and the date the proceeds were received by the estate. All property)ointly owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION VALUE AT DATE 1. VANGUARD MONEY MARKET FUND ACCOUNT OF DEATH 21,398.64 2• WELLS FARGO ACCOUNT 9091.09 3• PRINCIPAL FINANCIAL ACCOUNT 58,094.21 4• HENNESSEY ACCOUNT 1,066.68 5• 1992 FORD ESCORT 500.00 6• PERSONAL PROPERTY 500.00 7• PATRIOT NEWS REFUND 4.00 8• HOMELAND CENTER REFUND 6,749.00 9• SHIPLEY FUELS REFUND 296.00 10• STATE FARM REFUND 27.00 11• PPL REFUND 138.00 12. METRO BANK INTEREST 43.00 13• WELLS FARGO BANK INTEREST 1.00 14• CITY/COUNTY/SCHOOL/SEWER/REFUSE PRO RATION CREDIT FROM SALE OF 534.89 218 WOOD STREET, CAMP HILL, PA 17011 TOTAL(Also enter on Line 5,Recapitulation) $ 91,143-51 If more space is needed,insert additional sheets of paper of the same size REV-1509 EX-(01-10) pennsylvania SCHEDULE F DEPARTMENT OF REVENUE JOINTLY=OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: BETTY C. RICHARDS 21 12 1317 If an asset was made jointly owned within one year of the decedent's date of death,it must be reported on Schedule G. SURVIVING JOINT TENANT(S)NAMES) ADDRESS RELATIONSHIP TO DECEDENT A. TODD E. RICHARDS 133 NORTH 25TH STREET SON CAMP HILL, PA 17011 B. C. JOINTLY-OWNED PROPERTY: LETTER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH ITEM FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR DATE OF DEATH- DECEDENT'S VALUE OF NUMBER TENANT JOINT iDENnFYINGNUMBER ATTACH DEED FORJOINTLY-HELD REAL ESTATE. VALUE OF ASSET INTEREST DECEDENTS INTEREST 1. A. WELLS FARGO BANK 21797.23 50• 1,398.62 I TOTAL(Also enter on Line 6,Recapitulation) S 1,398-62 If more space is needed,use additional sheets of paper of the same size. ..y � �.b.�F:M?^. . 1}�Ye "' i5�i I .A� REV-1510 EX-(09-09) - pennsylvania SCHEDULE G DEPARTMENT OF REVENUE INTER-VIVOS TRANSFERS AND INHERITANCETAXRETURN MISC. NON-PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER BETTY C. RICHARDS 21 12 1317 This schedule must be completed and filed 0 the answer to any of questions t through 4 on page three of the REV-1500 is yes. ITEM DESCRIPTION OF PROPERTY INCIUDETHENAME OF THE TRANSFEREE,THEIR REtAT10lSHWTO DECEDENT AND DATE OF DEATH % DECD$ EXCLUSION TAXABLE NUMBER THE DATE OF TRANSFER.ATTACH ACOPY OF THE DEED FOR REAL ESTATE. VALUE OF ASSET INTEREST pFAPGUC E) VALUE 1. VANGUARD TRADITIONAL IRA 34,318.79 25.00 0.00 8,579.70 TODD E. RICHARDS — SON 2- VANGUARD TRADITIONAL IRA 34,318.79 25.00 8,579.70 ESTATE OF PAULA M. NEIL — DAUGHTER 3. VANGUARD TRADITIONAL IRA 34,318.79 25.00 8,579.70 BRENDA M. DEVANEY — DAUGHTER 4. VANGUARD TRADITIONAL IRA 34,318.79 25.00 8,579.70 RODMAN L. RICHARDS — SON TOTAL(Also enter on Line 7,Recapitulation) $ 34,318-80 If more space is needed,use additional sheets of paper of the Sartre size. r _ REV-1511 EX+(10-09) pennsylvania SCHEDULE H DEPARTMENT OF REVENUE FUNERAL EXPENSES AND INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER BETTY C. RICHARDS 21 12 1317 Decedenfs debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERALEXPENSES: L FUNERAL LUNCH 293.00 2- FUNERAL ORGANIST — R. LAU 150.00 3 FUNERAL SERVICES — MT. CALVARY 500.00 4. STEPHENSON'S FLOWERS— FUNERAL FLOWERS 159.00 B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s)of Personal Representative(s) Street Address City State ZIP Year(s)Commission Paid: 2, AtlomeyFaas: REAGER & ADLER, PC 11500.00 I Family Exempfion:(if decedents address is not the same as claimant's,attach explanation.) Claimant Street Address City State ZIP Relationship of Claimant to Decedent 4. Probate Fees: CUMBERLAND COUNTY REGISTER OF WILLS 324.00 6 Aocountant Fees: 6. Tax Return Preparer Fees; 7. TODD RICHARDS - TAX FILINGS 92.00 8. TODD RICHARDS, EXECUTOR - EXECUTOR EXPENSES FOR SUPPLIES, FOR HOSUE CLEANING, MOVING EXPENSES, TRAVEL EXPENSES 634-00 TOTAL(Also enter on Line 9,Recapitulation) $ 3,1.52-00 If more space is needed,use additional sheets of paper of the same size. REV-1512 EX+(12-0e) pennsylvania SCHEDULE I DEPARTMENT OF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES &LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER BETTY C. RICHARDS 21 12 1317 Report debts incurred by the decedent prior to death that remained unpaid at the date of death,including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. M. SHEELY - INSPECTION 150,00 2. HEPFER HOME CENTER 35.00 3. HARRISBURG STORAGE - MOVING EXPENSES AND SUPPLIES 735.00 4 . BRAD BRANCH - HOME REPAIRS FOR SALE OF 218 WOOD STREET, 8,470.00 CAMP HILL, PA 17011 5. FRAN GRUBER - HOME REPAIR FOR SALE OF 218 WOOD STREET, 500.00 CAMP HILL, PA 17011 6. IRS - FEDERAL TAXES 1,193.00 7. PA DEPARTMENT OF REVENUE - STAT TAXES 2,432.00 8. ABOLINS LAND - HOME REPAIRS FOR SALE OF 218 WOOD STREET, 1,067.00 CAMP HILL, PA 17011 9. EAST PENNSBORO TOWNSHIP - SEWER/TRASH BILL 276.00 10. IMPRESSIONS MEDIA - OBITUARY 85.00 11. PPL - ELECTRIC 335.00 12. PAWC - WATER 312.00 13. STATE FARM - HOMEOWNER'S INSURANCE 468.00 14. UGIHVAC 162.00 15. UGI - GAS 519.00 TOTAL(Also enteronUne10,Recapitulation) $ 32,395.84 If more space is needed,insert additional sheets of the same size. I Continuation of REV-1500 Inheritance Tax Return Resident Decedent BETTY C. RICHARDS 21 12 1317 Decedent's Name Page 1 File Number Schedule I -Debts of Decedent, Mortgage Liabilities, & Liens ITEM NUMBER DESCRIPTION AMOUNT 16• fREAL ESTATE COM MISSION FROM SALE OF 218 WOOD STREET, 7,750.00 HILL, PA 17011 17. EMENT FEE FROM SALE OF 218 WOOD STREET, 10.00 CAMP HILL, PA 17011 18• TRANSFER TAX FROM SALE OF 218 WOOD STREET, CAMP HILL, PA 17011 1,600.00 19• CENTRAL PENN RADON, INC. - RADON MITIGATION FROM SALE OF 765.00 218 WOOD STREET, CAMP HILL, PA 17011 20• DEBBIE LUPOLD, TAX COLLECTOR - 2013 COUNTY/TOWNSHIP TAXES FROM 520.84 SALE OF 218 WOOD STREET, CAMP HILL, PA 17011 21. EAST PENSOBORO TWP- SEWER AND REUSE CERTIFICATION FROM SALE OF 10.00 218 WOOD STREET, CAMP HILL, PA 17011 22. DEBBIE LUPOLD, TAX COLLECTOR - DUPLICATE BILL FEE 1.00 23. SELLER HELP FROM SALE OF 218 WOOD STREET, CAMP HILL, PA 17011 51000.00 SUBTOTAL SCHEDULE 15,656.84 GRAND TOTAL SCHEDULE $ 32,395.84 REV-1513 EX.(01-10) pennsylvania SCHEDULE J DEPARTMENT OF REVENUE INHERITANCE TAX RETURN BENEFICIARIES RESIDENT DECEDENT ESTATE OF: FILE NUMBER: BETTY C. RICHARDS 21 12 1317 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S)RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [Include oul1nn'gqht spousal distributions and transfers under Sec.9116(a)(1.2).] 1. TODD E. RICHARDS Lineal 64,703.28 133 NORTH 25TH STREET CAMP HILL, PA 17011 2. ESTATE OF PAULA M. NEIL Lineal 64,703.27 1255 FIFTH AVENUE, APT. 5D NEW YORK, NY 10029 3. BRENDA A. DEVANEY Lineal 64,703.27 928 WESTWIND COVE COPPELL, TX 75019 4. RODMAN L. RICHARDS Lineal 64,703.27 941-B BOSLER AVENUE LEMOYNE, PA 17043 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET,AS APPROPRIATE. II. NON-TAXABLE DISTRIBUTIONS: A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: i. B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: 1. TOTAL OF PART II-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $ If more space is needed,use additional sheets of paper of the same size. CC `ti Fed LAST WILL AND TESTAMENT OF BETTS' C. RICHARDS n z m � rn u zcn � :zsrs �7 CO T.." 7 1, BETTY C. RICHARDS, of Camp Hill, CumberlandNounty, PejMsyl49 cn � being of sound mind and disposing memory, though I realize the uncertainty of this life, I have full confidence and trust in my Lord and Savior, Jesus Christ, in His death on the cross for my sins and in His shed blood as an atonement for my soul; and I know by faith that because of His sacrifice on the cross for me I have eternal life, do hereby make this Will, hereby revoking all my former Wills and Codicils: Article One: Tangible Personal Property: §1.1 I bequeath all my tangible personal property in accordance with the terms of a Personal Property Memorandum I may prepare. If no such memorandum is located or received by the Executor within 60 days after being appointed as such, after conducting a reasonable search for such memorandum, the Executor shall be held harmless for distributing such property as hereinafter provided. §1.2 I bequeath such assets not disposed of by such memorandum, or all of such property if no such memorandum is so located or received, to my children, per stirpes, to be divided among them in as nearly equal shares as they agree. In the event of irreconcilable disagreement among my children, they shall take alternate turns selecting individual items with the oldest child making the first selection. Any items not so selected shall be sold and the proceeds shall pass as a part of my residuary estate. §1.3 To the extent practicable in the Executor's sole discretion, I bequeath any policies of insurance on such property to the beneficiary entitled to such property. §1.4 I direct that the expenses of storing, packing, shipping, insuring and delivering 1 any such property to the beneficiary entitled thereto shall be paid by the Executor as an administrative expense of my estate. Article Two: Residue: §11 1 devise and bequeath all the residue of my estate of whatever nature and wherever situated to my children, per stirpes; provided, however, that I give to the Trustee hereinafter named any share passing hereunder for the benefit of any Beneficiary of mine who shall not have attained the age of twenty-one (21) years, to be held, administered and disposed of in accordance with Article Three hereof(the"Beneficiary's Trust")for the benefit of such Beneficiary. As of the date of this Will, I have four living children: Todd E. Richards of Camp Hill, PA; Paula M. Neil of New York, NY;Brenda M. DeVaney of Flower Mound, TX; and Rodman L. Richards of Camp Hill, PA. Article Three: The Beneficiary's Trust: §3.1 The Trustee shall hold, manage, invest and reinvest the assets of the Beneficiary's Trust, collect the income thereof and: §3.1.1 While the beneficiary of the Beneficiary's Trust (the `Beneficiary") is under eighteen(18)years of age,the Trustee shall apply to or for the benefit of the Beneficiary so much of the net income and, if the net income is insufficient, so much of the principal of the Beneficiary's Trust as the Trustee shall from time to time deem necessary or proper for the Beneficiary's health, maintenance, support and complete education, including preparatory, college and graduate education, and professional, vocational or technical training, taking into account other available funds, including the Beneficiary's assets. The Trustee shall annually accumulate any net income not so distributed and add the same to the principal of the trust property. §3.1.2 After the Beneficiary attains eighteen (18) years of age,the Trustee shall distribute to or for the benefit of the Beneficiary the net income of the Beneficiary's Trust in quarter-annual installments, or more frequently if the Trustee deems it advisable, and so much of the principal as the Trustee shall from time to time deem necessary or proper for the Beneficiary's health, maintenance, support and complete education, including college and graduate education, and professional, vocational or technical training, and to assist the Beneficiary with reasonable wedding expenses, in the purchase of a principal residence or in the establishment of a profession or business considered a good risk by the Trustee, taking into account other available funds, including the Beneficiary's assets. §3.1.3 Any Beneficiary upon reaching the age of twenty-one (21) years may withdraw any or all of the principal of that Beneficiary's Trust. 2 §3.1.4 If the Beneficiary dies before the complete termination of the Beneficiary's Trust,the Trustee shall distribute the property then held in trust to such persons or corporations, (including the Beneficiary's estate), in such amounts and upon such trusts, terms and condition, as the Beneficiary by last Will may appoint by specific reference to this general power of appointment; provided, however, any portion of the trust property not. subject to the Beneficiary's power of withdrawal immediately prior to the Beneficiary's death may only be appointed to one or more of the Beneficiary's issue,in such amounts and upon such trusts, terms and conditions as the Beneficiary by last Will may appoint by specific reference to this special power of appointment. Any property not so appointed shall be distributed, to the Beneficiary's then living issue, per stirpes, or if none, to my then living issue, per stirpes. Article Four: Appointment of Fiduciaries: §4.1 I appoint my son, Todd E. Richards, as Executor of this Will. If Todd E. Richards is unable or unwilling to act or continue to act, for any reason whatsoever, I appoint my daughter, Paula M. Neil, as first, contingent, successor Executrix. All references herein to the "Executor"shall mean my originally appointed Executor or my successor Executrix, as the case may be. §4.2 I also nominate these same persons, in the same order, to be the Trustee of any trust created under this will and the Guardian of the persons and property of any minor beneficiaries under this will. However,if a parent of a minor beneficiary is alive, and in the opinion of my Trustee is capable and willing, the parent of the minor beneficiary shall be the guardian of the property of their child. Article Five: Powers of Fiduciaries: §51 No fiduciary under this Will shall be required to give bond or other security for the faithful performance of the fiduciary's duties. §5.2 Any such fiduciary shall have the following powers, in addition to those given by law: §5.2.1 To invest in accept and retain any real or personal property, including stock of a corporate fiduciary or its holding company, without restriction to legal investments; §5.2.2 To sell, exchange, partition or lease for any period of time any real or personal property and to give options therefor for cash or credit, with or without security, 3 §5.2.3 To borrow money from any person including any fiduciary acting hereunder, and to mortgage or pledge any real or personal property; §5.2.4 To hold shares of stock or other securities in nominee registration form,including that of a clearing corporation or depository, or in book entry form or unregistered or in such other form as will pass by delivery; §52.5 To engage in litigation and compromise, arbitrate or abandon claims; §5.2.6 To make distributions in cash, or in kind at current values, or partly in each, allocating specific assets to particular distributes on a non-pro rata basis, and for such purposes to make reasonable determinations of current values; §5.2.7 To make elections, decisions, concessions and settlements in connection with all income, estate, inheritance, gift or other tax returns and the payment of such taxes, without obligation to adjust the distributive share of income or principal of any person affected thereby; §5.2.8 To allocate, in the Executor's sole and absolute discretion, any portion of my exemption under Section 2631(a)of the Internal Revenue Code to any property as to which I am the transferor, including any property transferred by the during my lifetime as to which I did not make an allocation prior to my death; §5.2.9 To create, except when the fiduciary is a beneficiary of the subject trust,with respect to all or any part of the principal of any trust hereunder, including a pecuniary amount, by a written instrument a general testamentary power of appointment within the meaning of Section 2041 of the Internal Revenue Code in any beneficiary thereof and to eliminate such power for all or any part of such principal as to which such power was previously created and to divide trust principal into two fractional shares based upon the then portion of the trust that would be includable in the gross estate of the beneficiary holding such power if he died immediately before such division(in which case the power shall be over the entire principal of one share and not the other), with each share being administered as a separate trust, unless such fiduciary shall thereafter elect to combine such separate trusts into a single trust;to exercise the foregoing discretion to create or eliminate a general testamentary power of appointment when such fiduciary determines that the inclusion of the property affected thereby in the beneficiary's gross estate may achieve a significant savings in transfer taxes by having a federal estate tax in lieu of a Chapter 13 tax imposed by the Internal Revenue Code on the property subject to such power of appointment or may achieve significant income tax benefits; §5.2.10 To disclaim any interest I may have in any estate if the Executor deems such disclaimer to be in the best interests of my estate and the beneficiaries thereof; 4 §5.2.11 To terminate any trust created herein, the principal of which is or becomes too small in the Trustee's discretion to make the establishment or continuance of the trust advisable, and to make immediate distribution of the then remaining trust property to the beneficiary then entitled to the income of the trust property or, if there is more than one beneficiary, to the beneficiaries then entitled to the income of the trust property in proportion to their respective interests therein or, if such interests are not defined, in equal shares to such beneficiaries; provided, however, no Trustee shall participate in any decision to terminate such trust if by reason of such termination such trustee could receive a distribution of trust property from such trust as aforesaid. The receipts and releases of the distributee(s) will terminate absolutely the right of all persons who might otherwise have a future interest in the trust, whether vested or contingent, without notice to them and without the necessity of filing an account in any court, and §5.2.12 To merge any trust created hereunder with any other trust or trusts created by me or my spouse under will or deed, if the terms of any such trust are then substantially similar and held for the primary benefit of the same person or persons. Article Six: Provision for Taxes: §6.1 All estate taxes, inheritance taxes, transfer taxes and other taxes of a similar nature payable by reason of my death to any government or subdivision thereof upon or with respect to any property subject to any such tax ("Death Taxes"), and any penalties thereon, shall be paid by the Executor out of the principal of that portion of my estate disposed of by Article Two of this Will, and all interest with respect to any such taxes shall be paid by the Executor out of the income or principal or partly out of the income and partly out of the principal of such portion of my estate, in the absolute discretion of the Executor, without reimbursement from or apportionment among the beneficiaries, recipients or owners of such property for any such taxes, penalties or interest; provided, however, the Executor shall not pay any such taxes, penalties or interest attributable to any property included in my estate solely because of a power of appointment thereover which I possess but have not exercised or any qualified terminable interest property; provided further, however, the Executor shall not pay any supplemental federal estate tax, or any penalties or interest related thereto, imposed by Section 4980A(d)of the Internal Revenue Code, which supplemental federal estate tax, together with any penalties or interest related thereto, shall be borne by the recipients of the qualified plan benefit (including my estate if it is a recipient of any such benefit) giving rise to such supplemental federal estate tax in proportion to their respective interests therein. 5 Article Seven: Provision for Debts and Expenses: §7.1 I direct that any of my legally enforceable debts, any expenses of my last illness, funeral and burial, and any of the administrative expenses of my estate shall be paid from the principal of that portion of my estate disposed of by Article Two of this Will. Article Eight: Miscellaneous Provisions: §8.1 As used in this Will, the term"Internal Revenue Code" shall mean the Internal Revenue Code of 1986, as amended from time to time, or the corresponding provision of subsequent law. §8.2 Whenever a discretionary distribution of net income or principal is permitted pursuant to any trust created by this Will, if such distribution may be made in whole or in part to a person who is then a trustee of such trust, such person say not participate in any way in the decision whether to make such distribution. No trustee who is under a legal obligation to support a beneficiary of a trust created hereunder shall participate in the exercise of any discretion granted to the trustees of that trust to distribute net income or principal in discharge of that legal obligation. Furthermore, no trustee shall enter into any reciprocal arrangement with any other trustee for the purpose of indirectly exercising a power prohibited hereunder. §8.3 Whenever the Trustee is directed to distribute property to or for the benefit of any beneficiary who is under (a) eighteen years of age, or (b) a legal disability or otherwise suffers from an illness or mental or physical disability that would make distribution directly to such beneficiary inappropriate(as determined in the Trustee's sole discretion exercised in good faith), the Trustee may distribute such property to the person who has custody of such beneficiary, may apply such property for the benefit of such beneficiary, may distribute such property to a custodian for such beneficiary, whether then serving or selected and appointed by the Trustee (including the Trustee), under any applicable Uniform Transfers to Minors Act or Uniform Gifts to Minors Act, may distribute such property directly to such beneficiary's estate, or may distribute such property directly to such beneficiary (except if any of the conditions hereinbefore described in (b) apply), without liability on the part of the Trustee to see to the application of such property. This provision shall not in any way operate to suspend such beneficiary's absolute ownership of such property or to prevent the absolute vesting thereof in such beneficiary. 6 §8.4 Except as otherwise may be provided in this Will, during the continuance of any of the trusts created under the provisions of this Will, and thereafter until the property is distributed to and received by any beneficiary hereunder, the principal sums thus held in trust for any beneficiary, respectively, and the income thereof shall not be subject to or liable for any contracts, debts, engagements liabilities or torts of such beneficiary now or hereafter made, contracted, incurred or committed, but shall be absolutely free from the same, and such beneficiary shall have no power to sell, assign or encumber all or any part of the principal sums or such beneficiary's interest therein, respectively, or the income thereof, or to anticipate the income. §8.5 If any beneficiary hereunder should die within thirty (30) days after me or within thirty (30) days after any other person the survival of whom determines his rights hereunder, then such beneficiary shall be deemed to have predeceased me or such other person for all purposes hereunder. IN WITNESS WHEREOF, I, BETTY C. RICHARDS, have hereunto set my hand and seal to this, my last Will,typewritten on eight(8) sheets of paper, including the self-proving attestation clause and signatures of witnesses, this Z! r~day of _5'P ier,A e A 1998. c. (f 2. C (SEAL) BETTY C. RICHARDS Signed, sealed,published and declared by the above named BETTY C. RICHARDS as and for her last Will, in the presence of us and each of us, who, at her request and in her presence and in the presence of each other, have hereunto subscribed our names as witnesses thereto the day and year last above written. A;i7j- Residing at /03S op1<VICa RCLL= u �• , Residing at 2 10 cr Zo Veld 7A>- 4 laNC ENoL,A PW /7/2s Residing at / 07 N, 2 4 � S"7126f r^ CI911P H141- - 170/I- 170/1 7 COMMONWEALTH OF PENNSYLVANIA: : SS. COUNTY OF CUMBERLAND We, BETTY C. RICHARDS, the testatrix, and JTLALrn /9.. r7'U19AT- DoRoTNy �, _AW/'V and ER" t fP 1 t-H the witnesses, whose names are signed to the attached or foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the testatrix signed and executed the instrument as her last Will; that the testatrix signed willingly and executed it as her free and voluntary act for the purposes therein expressed; that each subscribing witness in the hearing and sight of the testatrix signed the Will as a witness and that to the best of his or her knowledge the testatrix was at that time eighteen (18) years of age or older, of sound mind and under no constraint or undue influence. BETT 7C. RICHARDS itness Witness Witness Subscribed, sworn to and acknowledged before me by BETTY C. RICHARDS, the testatrix, and subscribed and sworn to before me by Tug A, ran Ar /bdRoTHy �r TACO and S !JC igMt �n ,T tf the witnesses, this 2 day of .� P/G-'h8eA . 1998. Aotary Public My Commission expires: SEAL Notar aTSea) Laure E.Kane,Notary Public Camp Hill Bore,Cumberland County My Commission Expires Nov.15, 1999 Member,Pennsylvanla Assoolniien 9t Newrig9 8 a SRO a.