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HomeMy WebLinkAbout06-06-13 1 -1 REV- 1500 EX(02-11) 150561143 PA Department of Revenue OFFICIAL USE ONLY p Pennsylvania County code Year File Number Bureau of Individual Taxes eF'•"*�XiOFREVENUE PO BOX,280601 INHERITANCE TAX RETURN 21 12 0453 Harrisburg,PA 17126-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW 03 26 2012 07 14 1956 Decedent's Last Name Suffix Decedent's First Name MI ULSH KAREN M (If Applicable)Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI ULSH MARK S 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 �� 4a.Future interest Compromise S. Federal Estate Tax Return Required (date of death after 12-12.82) Ln) a Decadent Died Testate Decadent Maintained a Living Trust O B. Total Number of Safe Deposit Boxes t�1 (Aftech Copy of Wit) (Attach popy of Trust) t� a. Litigation Proceeds Received 1D.S ousat Poveri Credit((Date of Death 11.Election to tax under Sec.91 13A) L�I ❑ b�tween 12-31..1 and 1'-i-95) (Attach Schedule O) CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name - Daytime Telephone Number,,_ AMY M MOYA 717 6 3231 -Z rn '-a REGISTE6R7>61y,WICLS US�ONLY) D rrn Cr i r r First Line of Address O; �1 `� •Z izi 5011 LOCUST LANE n ^. o ` Second Line of Address - :a �-• � GJ G1 t7 City or Post Office DATE FILE&§ `rr State 21P Code HARRISBURG PA 17109 Correspondent's e-mail address: Amy @Ledererlaw.com Under penalties of perjury,I declare 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 other than the personal representative is based on all information of which preparer has any knowledge. SIGNATURE OF PERSON gRESPQNS BLE FOR N DATE /��// Stephanie M. Rehman h �' lull) � AD RESS I­ _ - 4 Lantern Lane, Camp Hill, PA 17011 S NATUR F REP ft OTHER THAN REPRESENTATIVE O TE Amy M.Moya 675 ADDRE - 5011 Locust L ne, Harrisburg, PA 17109 Side 1 1505610143 1505610143 �`\ _1 1505610243 REV-1500 EX RECAPITULATION 1. Real Estate(Schedule A)....................................................................................... 1. 2. Stocks and Bonds(Schedule B)............................................................................. 2. 3. Closely Held Corporation,Partnership or Sole-Proprietorship(Schedule C)......... 3. 4. Mortgages&Notes Receivable(Schedule D)........................................................ 4. 5. Cash,Bank Deposits&Miscellaneous Personal Property(Schedule E)............... 5. 6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested............ 6. 874 . 29 7 Inter-Vivle Transfers&Miscellaneous Non-Probate Property (S T L_] Separate Billing Requested............ 7. 0 . 00 8. Total Gross Assets(total Lines 1 through 7)........................................................ 8. 874 . 2 9 9. Funeral Expenses and Administrative Costs(Schedule H).................................... 9. 7 , 814 . 51 10. Debts of Decedent,Mortgage Liabilities and Liens(Schedule 1)............................ 10. 11. Total Deductions(total Lines 9 and 10)................................................................ 11, 7 , 814 . 51 12. Net Value of Estate(Line 8 minus Line 11).......................................................... 12. -6, 940 . 22 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. -6, 940 . 22 TAX COMPUTATION-SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate,or transfers under Sec. 9116 0 . 00 15. 0 . 00 (a)(1.2)X.00 16. Amount of Line 14 taxable 0 . 00 16. 0 . 00 at lineal rate X .045 17. Amount of Line 14 taxable 0 . 00 17. 0 . 00 at sibling rate X .12 18. Amount of Line 14 taxable 0 . 00 at collateral rate X.15 0 . 00 18. 19. TAX DUE................................................................................................................ 19. 0 . 00 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. Side 2 1505610243 1505610243 J REV-1500 EX Page 3 File Number 21-12-0453 Decedent's Complete Address: DECEDENT'S NAME Ulsh, Karen M. - STREET ADDRESS 4 Lantern Lane CITY STATE ZIP Camp Hill PA 17011 Tax Payments and Credits: 1. Tax Due(Page 2, Line 19) (1) 0.00 2. Credits/Payments A. Prior Payments B. Discount 0.00 Total Credits(A +B) (2) 0.00 3. Interest (3) 4, If Line 2 is greater than Line 1 +Line 3,enter the difference. This is the OVERPAYMENT. (4) Check box on Page 2,Line 20 to request a refund 5. If Line 1 +Line 3 is greater than Line 2,enter the difference. This is the TAX DUE. (5) 0,00 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;................................... ........................................... ❑ ❑ b. retain the right to designate who shall use the property transferred or its income;........................... ...... ❑ ❑ c. retain a reversionary interest;or............................................................................................................... x d. receive the promise for life of either payments,benefits or care?............................................................ ❑ ❑ 2. If death occurred after Dec. 12, 1982, did decedent transfer property within one year of death without receivingadequate consideration?........................................................ .................................................... ...... ❑ 3. Did decedent own an"in trust for" or payable upon death bank account or security at his or her death?....... ❑ lxl 4. Did decedent own an individual retirement account,annuity,or other non-probate property which contains a beneficiary designation?.................................................. ............................................ ❑x ❑ 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)(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 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 decedent's lineal beneficiaries is 4.5 percent,except as noted in [72 P.S.§9116(a)(1)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent[72 P.S.§9116(a)(1.3)]. 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-1509 EX-(01-10) pennsylvania SCHEDULE F DEPARTMENT OF REVENUE JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Ulsh, Karen M. 21-12-0453 If an asset was made jointwithin one yearof the decedent's date of death,it must t,e reported on schedule G. SURVIVING JOINT TENANT(S)NAME ADDRESS RELATIONSHIP TO DECEDENT A. Mark Ulsh and Stephanie Rehman 4 Lantern Lane Spouse and daughter Camp Hill, PA 17011 B. Jessica Ulsh 4 Lantern Lane Daughter Camp Hill, PA 17011 C. Matthew Ulsh 4 Lantern Lane Son Camp Hill, PA 17011 JOINTLY OWNED PROPERTY: DESCRIPTION OF PROPERTY %OF DATE OF DEATH ITEM LETTER DATE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT DATE OF DEATH DECD'S DECEDENT'S INTEREST NUMBER FOR JOINT MADE NUMBER OR SIMILAR IDENTIFYING NUMBER ATTACH DEED FOR VALUE OF ASSE INTEREST TENANT JOINT JOINTLY-HELD REAL ESTATE. 1 A 12/22/2001 Savings Account No. 1049, held at 0.00 0.000% 0.00 Susquehanna Valley Federal Credit Union, titled to Mark Ulsh, Karen Ulsh,and Stephanie Rehman($0.29 accrued interest) (account value$578.26) (Reported for informational purposes only -not taxable because Decedent's interest passes to her spouse) 2 A 12/2212001 Christmas Club Account No. 1049, held at 0.00 0.000% 0.00 Susquehanna Valley Federal Credit Union, titled to Mark Ulsh, Karen Ulsh,and Stephanie Rehman ($0.25 accrued interest) (account value$1,190.60) (Reported for informational purposes only-not taxable because Decedent's interest passes to her spouse) 3 A 12/22/2001 Club Account No. 1049, held at Susquehanna 0.00 0.000% 0.00 Valley Federal Credit Union,titled to Mark Ulsh, Karen Ulsh,and Stephanie Rehman ($0.01 accrued interest)(account value $26.72) (Reported for informational purposes only -not taxable because Decedent's interest passes to her spouse) Total of Continuation Schedule iee attached page TOTAL(Also enter on Line 6, Recapitulation) 874.29 (If more space is needed,additional pages of the same size) Copyright(c)2010 form software only The Lackner Group, Inc. Form PA-1500 Schedule F(Rev.01-10) Rev-1509 EX+(01-10) pennsylvania SCHEDULE F DEPARTMENT OF REVENUE JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT continued ESTATE OF FILE NUMBER Ulsh, Karen M. 1 21-12-0453 If an asset was made joint within one year of the decedent's date of death, it must be reported on schedule G. JOINTLY OWNED PROPERTY DESCRIPTION OF PROPERTY %OF DATE OF DEATH ITEM LETTER DATE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT DATE OF DEATH DECD'S VALUE OF NUMBER FOR JOINT MADE NUMBER OR SIMILAR IDENTIFYING NUMBER.ATTACH DEED FOR VALUEOFASSE1 INTEREST DECEDENTS INTEREST TENANT JOINT JOINTLY-HELD REAL ESTATE. 4 A 12/22/2001 Club Account No. 1049, held at Susquehanna 0.00 0.000% 0.00 Valley Federal Credit Union,titled to Mark Ulsh, Karen Ulsh,and Stephanie Rehman (account value$33.73) (Reported for informational purposes only -not taxable because Decedent's interest passes to her spouse) 5 A 12/22/2001 Checking Account No. 1049, held at 0.00 0.000% 0.00 Susquehanna Valley Federal Credit Union, titled to Mark Ulsh, Karen Ulsh,and Stephanie Rehman (account value$4,074.07) (Reported for informational purposes only - not taxable because Decedent's interest passes to her spouse) 6 B 07108/1995 Savings Account No.9856, held at 903.73 50.000% 451.87 Susquehanna Valley Federal Credit Union, titled to Jessica Ulsh and Karen Ulsh($0.27 accrued interest) 7 B 07/1912005 Checking Account No. 9856, held at 833.09 50.000% 416.55 Susquehanna Valley Federal Credit Union, titled to Jessica Ulsh and Karen Ulsh 8 C 07/08/1995 Savings Account No.9856, held at 6.00 50.000% 3.00 Susquehanna Valley Federal Credit Union, titled to Matthew Ulsh and Karen Ulsh 9 C 0411112008 Checking Account No. 9856, held at 5.73 50.000% 2.87 Susquehanna Valley Federal Credit Union, titled to Matthew Ulsh and Karen Ulsh TOTAL(Also enter on Line 6, Recapitulation) 874.29 Copyright(c)2010 form software only The Lackner Group, Inc. Form PA-1500 Schedule F(Rev.01-10) Rev-7510 EX.(09-09) SCHEDULE G Pennsylvania INTER-VIVOS TRANSFERS AND DEPARTMENT OF REVENUE INHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Ulsh, Karen M. 21-12-0453 This sCNedule must ba sompleted and filed if the on"r to any of quesGaris t through 4 on page three arms,REV-15W is yes. ITEM DESCRIPTION OF PROPERTY DATE OF DEATH % DEWS EXCLUSION TAXABLE NUMBER THE DATE OF TEROANSFER.SATTACH A COQ RELATIONSHIP THE DEED FODECEDENT TATE. VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE 1 IRA Variable Annuity,Contract No.TRN44813752, held 0.00 100.000% 0.00 at Mass Mutual Financial Group, Karen M. Ulsh, owner,Mark S.Ulsh(50%),Stephanie M.Rehman (16.67%),and Stephanie M.Rehman as custodian for Jessica M. Ulsh(16.67%)and Matthew S. Ulsh (16.67%), beneficiaries(INFORMATIONAL PURPOSES ONLY -Decedent was under age 59-1/2 at the time of her death)(Contract value$161,600.22) TOTAL(Also enter on Line 7,Recapitulation) 0.00 (if more space is needed,additional pages of the same size) Copyright(c)2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule G(Rev.08-09) REV-1511 EX-(10-09( pennsylvania SCHEDULE H DEPARTMENT OF REVENUE FUNERAL EXPENSES AND INHERITANCE TAX RESIDENT DECEDENT RETURN ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER Ulsh, Karen M. 21-12-0453 Decedent's debts must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER A. FUNERAL EXPENSES: See continuation schedule(s) attached 4,952.47 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Street Address City State Zip Year(s)Commission Paid Waived 2. Attornev's Fees Law Offices of Susan E. Lederer(estimate) 2,500.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Zip RelationshiD of Claimant to Decedent 4. Probate Fees Cumberland County Register of Wills 67.50 5. Accountant's Fees 6. Tax Return Preparers Fees 7. Other Administrative Costs 294.54 See continuation schedule(s)attached TOTAL(Also enter on line 9, Recapitulation) 7,814.51 Copyright(c)2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule H(Rev. 10-09) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Ulsh, Karen M. 21-12-0453 ITEM NUMBER DESCRIPTION AMOUNT Funeral Expenses 1 Parthemore Funeral Home&Cremation Services,Inc. 4,952.47 H-A 4,952.47 Other Administrative Costs 2 Cumberland County Register of Wills (filing fee-PA Inheritance Tax Return and Inventory) 30.00 3 Cumberland Law Journal(estate advertising) 75.00 4 Carlisle Sentinel (estate advertising) 189.54 H-B7 294.54 Copyright(c)2002 form software only The Lackner Group,Inc. Form PA-1500 Schedule H(Rev.6-98) REV-1513 EX.(01-10) pennsylvania SCHEDULE J DEPARTMENT OF REVENUE INHERITANCE TAX RETURN BENEFICIARIES RESIDENT DECEDENT ESTATE OF FILE NUMBER Ulsh, Karen M. 21-12-0453 NAME AND ADDRESS OF RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE NUMBER PERSONS)RECEIVING PROPERTY DECEDENT , (Words) ($$$) Do st Not List TAXABLE DISTRIBUTIONS [include outright spousal I• distributions,and transfers under Sec.9116(a)(1.2)] 1 Mark S. Ulsh Spouse Int.in jt.accts 4 Lantern Lane (Sch. F, 1-5); 50% Camp Hill, PA 17011 of annuity on Sch G 2 Stephanie M. Rehman Daughter Interest in joint 4 Lantern Lane accts(Sch. F, 1 Camp Hill, PA 17011 -5); 16.67%of annuity on G 3 Jessica M. Ulsh Daughter Joint account 4 Lantern Lane 9856(Sch. F, Camp Hill, PA 17011 Items 6-7) 4 Matthew S. Ulsh Son Jointaccount 4 Lantern Lane 9856(Schedule Camp Hill, PA 17011 F, Items 8-9) 5 Testamentary Trust FBO Jessica M. Ulsh Daughter 16.67% of c/o Stephanie M. Rehman,Trustee annuity on 4 Lantern Lane Schedule G Camp Hill, PA 17011 See continuation schedule attached Continuation Total Enter dollar amounts for distributions shown above on lines 15 throw h 18 on Rev 1500 cover sheet,as appropriate. NON-TAXABLE DISTRIBUTIONS: II. A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET Copyright(c)2010 form software only The Lackner Group, Inc. Form PA-1500 Schedule J(Rev.01-10) SCHEDULE J BENEFICIARIES (Part I,Taxable Distributions) ESTATE OF: Karen M. Ulsh 03126/2012 174-46-6751 Item Name and Address of Person(s) Share of Estate Amount of Estate Number Receiving Property Relationship (Words) ($$$) 6 Testamentary Trust FBO Matthew S. Son 16.67% of annuity on Ulsh Schedule G c/o Stephanie M. Rehman,Trustee 4 Lantern Lane Camp Hill, PA 17011 Total 1 Last Will and Testament 0 of Karen M. Ulsh I, Karen M. Ulsh, a resident of Camp Hill, Cumberland County, Pennsylvania, revoke any prior wills and codicils made by me and declare this to be my Last Will and Testament. Article One Family Information I am married to Mark S. Ulsh. Any reference in my Will to my husband is to Mark S. Ulsh. I have three children. They are: Stephanie M. Rehman,born on January 5, 1979; Jessica M. Ulsh,born on October 20, 1988; and Matthew S. Ulsh, born on March 20, 1990 All references to my children in my Will are to these children. References to my descendants are to my children and their descendants, including descendants of any deceased child. Though Mark S. Ulsh is my natural heir, I intentionally have not provided for him as a beneficiary in my Will, not for lack of affection, but because I have made other provisions for him with assets passing outside of my probate estate. Article Two Specific and General Gifts Section 2.01 Disposition of Tangible Personal Property I give all my tangible personal property,together with any insurance policies covering the property and any claims under those policies in accordance with a "Memorandum for Distribution of Personal Property" or other similar writing directing the disposition of the property. Any writing prepared according to this provision must be dated and signed by me. Page 1 If I leave multiple written memoranda that conflict as to the disposition of any item of tangible personal property, the memorandum with the most recent date will control as to those items that are in conflict. If the memorandum with the most recent date conflicts with a provision of this Will as to the specific distribution of any item of tangible personal property, the provisions of the memorandum with the most recent date control as to those items that are in conflict. I intend that the writing qualify to distribute my tangible personal property under applicable state law. Section 2.02 Contingent Distribution of Tangible Personal Property I give any tangible personal property not disposed of by a written memorandum to my children, in shares of substantially equal value, to be divided among my children as my children agree. If my Executor determines that a child is incapable of acting in the child's own best interest, my Executor will appoint a person to represent the child in the division of the property. If my children are unable to agree upon the division of the property within six months after my death, my Executor will make the division. My Executor may use a lottery or rotation system or any other method of allocation to determine the order of selection and distribution of the property. As an alternative, my Executor may sell all or any portion of the property and distribute the net proceeds equally among my living children. My Executor will not incur any liability to any party for decisions made by my Executor with respect to the division or sale of my tangible personal property. Any decision made by my Executor will be final and binding on all of my beneficiaries. Section 2.03 Definition of Tangible Personal Property For purposes of this Article, the term "tangible personal property" includes but is not limited to my household furnishings, appliances and fixtures, works of art, motor vehicles, pictures, collectibles, personal wearing apparel and jewelry, books, sporting goods, and hobby paraphernalia. Section 2.04 Incidental Expenses and Encumbrances Until property distributed in accordance with this Article is delivered to the appropriate beneficiary or to the beneficiary's legal representative, my Executor will pay the reasonable expenses of securing, storing, insuring, packing, transporting, and otherwise caring for the property as an administration expense. Except as otherwise provided in my Will, my Executor will distribute property under this Article subject to all liens, security interests, and other encumbrances on the property. Page 2 Article Three My Residuary Estate Section 3.01 Definition of My Residuary Estate All the remainder of my estate, including property referred to above that is not effectively disposed of, will be referred to in my Will as my"residuary estate." Section 3.02 Disposition of My Residuary Estate My residuary estate will be administered as provided in Article Four entitled "Distribution to My Beneficiaries." Article Four Distribution to My Beneficiaries The Distribution to My Beneficiaries will be administered under the terms of this Article. Section 4.01 Division of Remaining Trust Property My Executor shall divide my residuary estate into shares as follows: Name Relationship Share Stephanie M. Rehman daughter 113 Jessica M. Ulsh daughter 1/3 Matthew S. Ulsh son 1/3 Each beneficiary's share will be administered as provided in the Sections that follow. Section 4.02 Distribution of the Share for Stephanie M. Rehman The share set aside for Stephanie M. Rehman is to be distributed to her outright. If Stephanie M. Rehman is deceased, Stephanie M. Rehman's share shall be held in trust for the benefit of her living descendants, as provided in Section 4.02(1)hereunder. If Stephanie M. Rehman has no living descendants,her share is to be distributed pro rata to the other beneficiaries named in this Article. If there are no other named beneficiaries her share will be administered as provided in Article Five entitled "Remote Contingent Distribution." (1) Trust for Stephanie M. Rehman's Descendants My Trustee shall divide the remaining property into separate equal trust shares for Stephanie M. Rehman's surviving descendants and shall hold and administer each trust share as provided in this subsection. Page 3 (a) Distributions of Income and Principal My Trustee shall distribute to the beneficiary as much of the income and principal of the beneficiary's trust as my Trustee determines is necessary or advisable for the health, education, maintenance and support of the beneficiary. My Trustee shall add any undistributed net income to principal. (b) Guidelines for Discretionary Distributions for College Education In making discretionary distributions of principal to the beneficiary prior to age 21, it is my desire to provide for the beneficiary's college education. I request that my Trustee consider the other known resources available to the beneficiary first, such as existing college funds, before making distributions. I acknowledge that the principal of the trust established for the beneficiary may be exhausted in making such distributions. (c) Right to Withdraw Principal When the beneficiary has reached any one or more of the following ages or if the beneficiary has already attained one of the following ages upon the funding of the trust established for the beneficiary, the beneficiary may withdraw from the beneficiary's trust, at any time or times, amounts not to exceed in the aggregate: 10% of the accumulated trust income and principal, after attaining age 21 years; Increased by 30% of the accumulated trust income and principal not already subject to withdrawal (calculated by taking the total accumulated trust income and principal and deducting any amount already subject to withdrawal but not actually withdrawn), after attaining age 25 years; and All or any portion of the accumulated trust income and principal, after attaining age 30 years. These withdrawal rights are cumulative and the amount of each successive withdrawal right will be added to any existing withdrawal right. The amount of each withdrawal right will be determined by applying the applicable fraction to the trust's principal and accumulated income as of the date the beneficiary first has the right to exercise the withdrawal right. The beneficiary may exercise this right at any time by delivering written notice to my Trustee, setting forth the amount the beneficiary desires to withdraw. Upon receiving a notice, my Trustee shall convey and deliver to the beneficiary, free of trust, the amount requested in the notice. This right of withdrawal is a privilege that may be exercised only by the beneficiary and is not subject to the claims of any creditor or to legal Page 4 process and may not be voluntarily or involuntarily alienated or encumbered. (d) Distribution Upon the Death of the Beneficiary If the beneficiary dies after the establishment of the beneficiary's trust, but before the complete distribution of the beneficiary's trust, my Trustee shall distribute the remaining trust property to Stephanie M. Rehman's surviving descendants,pro rata. Section 4.03 Distribution of the Share for Jessica M. Ulsh My Trustee shall administer the share set aside for Jessica M. Ulsh in trust as provided in this Section. (a) Distributions of Income and Principal My Trustee shall distribute to Jessica M. Ulsh as much of the income and principal of her trust as my Trustee determines necessary or advisable for her health, education,maintenance and support. My Trustee shall add any undistributed net income to principal. (b) Guidelines for Discretionary Distributions In making discretionary distributions to Jessica M. Ulsh, I desire to provide for her well-being and happiness. Although I request that my Trustee consider the other known resources available to Jessica M. Ulsh before making distributions, I also request that my Trustee be liberal in making any distributions to, or for her benefit. I acknowledge that the principal of the trust established for Jessica M. Ulsh may be exhausted in making these distributions. (c) Right to Withdraw Principal At the intervals set forth below, Jessica M. Ulsh may withdraw from her trust, at any time, amounts not to exceed in the aggregate: 10% after the funding of the trust established for Jessica M. Ulsh; 20% of the accumulated trust income and principal, 2 years after funding of the trust established for Jessica M. Ulsh; increased by 30% of the accumulated trust income and principal not already subject to withdrawal, calculated by taking the total accumulated trust income and principal and deducting any amount already subject to withdrawal but not actually withdrawn, 4 years after funding of the trust established for Jessica M. Ulsh; and all or any portion of the accumulated trust income and principal, 6 years after funding of the trust established for Jessica M. Ulsh. Page 5 These withdrawal rights are cumulative and the amount of each successive withdrawal right is to be added to any then-existing withdrawal right. The amount of each withdrawal right will be determined by applying the applicable fraction to the trust's principal and accumulated income as of the date Jessica M. Ulsh first has the right to exercise the withdrawal right. Jessica M. Ulsh may exercise this right at any time by delivering written notice to my Trustee, setting forth the desired withdrawal amount. Upon receiving a notice, my Trustee shall convey and deliver the requested amount to Jessica M. Ulsh free of trust. This right of withdrawal is a privilege that may be exercised only by Jessica M. Ulsh, and may not be subject to the claims of any creditor or to legal process and may not be voluntarily or involuntarily alienated or encumbered. (d) Distribution upon the Death of Jessica M. Ulsh If Jessica M. Ulsh dies after the establishment of her trust, but before the complete distribution of her trust, my Trustee shall distribute the remaining trust property per stirpes to the descendants of Jessica M. Ulsh. If Jessica M. Ulsh has no descendants, my Trustee shall distribute the remaining trust property pro rata to the other beneficiaries named in this Article. If there are no other named beneficiaries, my Trustee shall distribute the remaining trust property under the terms of Article Five. (e) Distribution if Jessica M. Ulsh Is Deceased If Jessica M. Ulsh dies before the establishment of her trust, my Trustee shall distribute Jessica M. Ulsh's share pro rata to the other beneficiaries named in this Article. If there are no other named beneficiaries, my Trustee shall distribute Jessica M. Ulsh's share under the terms of Article Five. Section 4.04 Distribution of the Share for Matthew S. Ulsh My Trustee shall administer the share set aside for Matthew S. Ulsh in trust as provided in this Section. (a) Distributions of Income and Principal My Trustee shall distribute to Matthew S. Ulsh as much of the income and principal of his trust as my Trustee determines necessary or advisable for his health, education, maintenance and support. My Trustee shall add any undistributed net income to principal. (b) Guidelines for Discretionary Distributions In making discretionary distributions to Matthew S. Ulsh, I desire to provide for his well-being and happiness. Although I request that my Trustee consider the other known resources available to Matthew S. Ulsh before making distributions, I also request that my Trustee be liberal in making any distributions to, or for his benefit. I acknowledge that the Page 6 Principal of the trust established for Matthew S. Ulsh may be exhausted in making these distributions. (c) Right to Withdraw Principal At the intervals set forth below, Matthew S. Ulsh may withdraw from his trust, at any time, amounts not to exceed in the aggregate: 10% after the funding of the trust established for Matthew S. Ulsh; 20% of the accumulated trust income and principal, 2 years after funding of the trust established for Matthew S. Ulsh; increased by 30% of the accumulated trust income and principal not already subject to withdrawal, calculated by taking the total accumulated trust income and principal and deducting any amount already subject to withdrawal but not actually withdrawn, 4 years after funding of the trust established for Matthew S. Ulsh; and all or any portion of the accumulated trust income and principal, 6 years after funding of the trust established for Matthew S. Ulsh. These withdrawal rights are cumulative and the amount of each successive withdrawal right is to be added to any then-existing withdrawal right. The amount of each withdrawal right will be determined by applying the applicable fraction to the trust's principal and accumulated income as of the date Matthew S. Ulsh first has the right to exercise the withdrawal right. Matthew S. Ulsh may exercise this right at any time by delivering written notice to my Trustee, setting forth the desired withdrawal amount. Upon receiving a notice, my Trustee shall convey and deliver the requested amount to Matthew S. Ulsh free of trust. This right of withdrawal is a privilege that may be exercised only by Matthew S. Ulsh, and may not be subject to the claims of any creditor or to legal process and may not be voluntarily or involuntarily alienated or encumbered. (d) Distribution upon the Death of Matthew S. Ulsh If Matthew S. Ulsh dies after the establishment of his trust, but before the complete distribution of his trust, my Trustee shall distribute the remaining trust property per stirpes to the descendants of Matthew S. Ulsh. If Matthew S. Ulsh has no descendants, my Trustee shall distribute the remaining trust property pro rata to the other beneficiaries named in this Article. If there are no other named beneficiaries, my Trustee shall distribute the remaining trust property under the terms of Article Five. Page 7 (e) Distribution if Matthew S. Ulsh Is Deceased If Matthew S. Ulsh dies before the establishment of his trust, my Trustee shall distribute Matthew S. Ulsh's share pro rata to the other beneficiaries named in this Article. If there are no other named beneficiaries, my Trustee shall distribute Matthew S. Ulsh's share under the terms of Article Five. Article Five Remote Contingent Distribution If, at any time, there is no person or entity qualified to receive final distribution of my probate or trust estate or any part of it, then the portion of my probate or trust estate with respect to which the failure of qualified recipients has occurred shall be distributed to those persons who would inherit if my husband predeceased me and I then died intestate owning the property, as determined and in the proportions provided by the laws of the Commonwealth of Pennsylvania then in effect. Article Six Designation of Fiduciaries Section 6.01 Executor I name Stephanie M. Rehman as my Executor. If Stephanie M. Rehman fails or ceases to act as my Executor, I name Thelma S. McCauslin as my Executor. Section 6.02 Trustee I appoint the following as Trustee of the trusts created under my Will: (a) Trustee of the Trust for Descendants of Stephanie M. Rehman Upon creation of the Trust for Descendants of Stephanie M. Rehman, Thelma S. McCauslin will serve as Trustee. (b) Trustee of the Jessica M. Ulsh Trust Upon creation of the Jessica M. Ulsh Trust, the following, in the order named, will serve as Trustee: Stephanie M. Rehman; and then Thelma S. McCauslin Page 8 (c) Trustee of the Matthew S. Ulsh Trust Upon creation of the Matthew S. Ulsh Trust, the following, in the order named, will serve as Trustee: Stephanie M. Rehman; and then Thelma S. McCauslin Article Seven Trust Administration Provisions The provisions of this Article pertain to any trust created under my Will. Section 7.01 No Court Proceedings Any trust created under my Will is to be administered expeditiously, consistent with the provisions of my Will, free of judicial intervention, and without order, approval or action of any court. A trust will be subject to the jurisdiction of a court only if my Trustee or another interested party institutes a legal proceeding. A proceeding to seek instructions or a court determination must be initiated in the court having original jurisdiction over matters relating to the construction and administration of trusts. Seeking instructions or a court determination will not subject a trust to the continuing jurisdiction of the court. Section 7.02 Resignation of a Trustee A Trustee may resign by giving written notice to the Income Beneficiaries of the trust and to any other Trustee then serving. Section 7.03 Removal of a Trustee No Trustee can be removed by any beneficiary, except for cause, which removal must be approved by a court of competent jurisdiction upon the petition of any beneficiary. In no event will the court petitioned to approve the removal of a Trustee acquire any jurisdiction over the trust except to the extent necessary to approve or disapprove removal of a Trustee. If a beneficiary is a minor or is incapacitated, the parent or legal representative of the beneficiary may act on behalf of the beneficiary. Section 7.04 Default of Designation If the office of Trustee of a trust created under my Will is vacant and no designated successor Trustee is able and willing to act as Trustee, a majority of the Income Beneficiaries of the trust may appoint an individual or corporate fiduciary as successor Trustee. Any beneficiary may petition a court of competent jurisdiction to appoint a successor Trustee to fill any vacancy remaining unfilled after a period of 30 days. By making such Page 9 appointment, the court will not thereby acquire any jurisdiction over the trust, except to the extent necessary for making the appointment. If a beneficiary is a minor or is incapacitated, the parent or legal representative of the beneficiary may act on behalf of the beneficiary. Section 7.05 Notice of Removal and Appointment Notice of removal must be in writing and delivered to the Trustee being removed and to any other Trustees then serving. The notice of removal will be effective in accordance with its provisions. Notice of appointment must be in writing and delivered to the successor Trustee and any other Trustees then serving. The appointment will become effective at the time of acceptance by the successor Trustee. Section 7.06 Appointment of a Cotrustee Any individual Trustee may appoint an individual or a corporate fiduciary as a Cotrustee. A Cotrustee so named will serve only as long as the Trustee who appointed the Cotrustee (or, if the Cotrustee was named by more than one Trustee acting together, by the last to serve of those Trustees) serves, and that Cotrustee will not become a successor Trustee upon the death, resignation, or incapacity of the Trustee who appointed the Cotrustee, unless so appointed under the terms of my Will. The Trustee appointing a Cotrustee may revoke the appointment at any time with or without cause. Section 7.07 Corporate Fiduciaries Any corporate fiduciary serving as a fiduciary under my Will must be a bank, trust company, or public charity that is qualified to act as a fiduciary under applicable federal and state law and that is not related or subordinate to any beneficiary within the meaning of Section 672(c) of the Internal Revenue Code. Section 7.08 Incapacity of a Trustee If any individual Trustee becomes incapacitated, it will not be necessary for the incapacitated Trustee to resign as Trustee. A written declaration of incapacity by the Cotrustee, if any, or, if none, by the party designated to succeed the incapacitated Trustee, if made in good faith, will terminate the trusteeship. Section 7.09 Appointment of Independent Special Trustee If for any reason the Trustee of any trust created under my Will is unwilling or unable to act with respect to any trust property or any provision of my Will, the Trustee shall appoint, in writing, a corporate fiduciary or an individual to serve as an Independent Special Trustee as to such property or with respect to such provision. The Independent Special Trustee appointed may not be related or subordinate to any beneficiary of the trust within the meaning of Section 672(c) of the Internal Revenue Code. The Trustee may revoke the appointment at will. Page 10 An Independent Special Trustee may exercise all fiduciary powers granted by my Will unless expressly limited elsewhere in my Will or by the Trustee in the instrument appointing the Independent Special Trustee. An Independent Special Trustee may resign at any time by delivering written notice of resignation to the Trustee. Notice of resignation will be effective in accordance with the terms of the notice. Section 7.14 Majority Action of Trustees If two Trustees are eligible to act with respect to a given matter, the concurrence of both are required for action to be taken; if more than two Trustees are eligible to act with respect to a given matter, the concurrence of a majority of my Trustees are required for action to be taken. A nonconcurring Trustee may dissent or abstain from a decision of the majority. A Trustee is absolved from personal liability by registering its dissent or abstention in the records of the trust. After doing so, the dissenting Trustee must then act with my other Trustees in any way necessary or appropriate to effectuate the decision of the majority. Notwithstanding any provision of my Will to the contrary, a Trustee may disclaim or release, in whole or in part, by an instrument in writing, any power it holds as Trustee, irrevocably or for any period of time that the Trustee may specify. The Trustee may make the relinquishment of a power personal to the Trustee or may relinquish the power for all subsequent Trustees. Section 7.11 Disclaimer by Beneficiary Serving as Trustee Notwithstanding any provision of my Will to the contrary, any beneficiary serving as a Trustee may disclaim or release, in whole or in part, by an instrument in writing, any power such beneficiary holds as Trustee, irrevocably or for such period of time as such Trustee may specify,without affecting the continuance of the power in any other Trustee. Section 7.12 Exoneration of My Trustee My Trustee is not obligated to examine the accounts, records or actions of any previous fiduciary. My Trustee is in no way or manner to be held responsible for any act or omission to act on the part of any previous fiduciary. Unless my Trustee has received notice of removal, my Trustee may not be held liable to any beneficiary for the consequences of any action taken by my Trustee that would have been, but for the prior removal of my Trustee, a proper exercise by my Trustee of the authority granted to my Trustee under my Will. My Trustee may request and obtain from the beneficiaries or from their legal representatives, agreements in writing releasing my Trustee from any liability that may have arisen from my Trustee's acts or omissions to act and indemnifying my Trustee from Iiability for the acts or omissions. An agreement described in this paragraph, if acquired from all the living beneficiaries of my Will or from their legal representatives, will be conclusive and binding upon all parties, bom or unborn,who may have, or may in the future acquire, an interest in my Will. Page 11 My Trustee may require a refunding agreement before making any distribution or allocation of the income or principal of a trust created under my Will and may withhold distribution or allocation pending determination or release of a tax lien or other lien. This refunding agreement provision will not apply to any distribution that qualifies for the federal estate tax unlimited marital deduction or the federal estate tax .charitable deduction. Section 7.13 Benefits Payable to My Trustee My Trustee may exercise any right to determine the manner and timing of payment (by lump sum or otherwise) of any benefits or assets payable by reason of my death to my Trustee or to any trust created under my Will. This includes, but is not limited to, such benefits under life insurance policies, employee benefit plans, retirement plans or other contracts, plans or arrangements providing for payment or transfer at death to such trust. My Trustee may not be held liable to any beneficiary for the death benefit election selected. My Trustee is not obligated to undertake litigation for collection of any benefits or assets payable to such trust unless it is indemnified to its satisfaction against any liability and expense of such litigation. Persons or entities dealing in good faith with my Trustee are not required to see to the proper application of proceeds delivered to my Trustee, or to inquire into any provision of my Will. Payment to my Trustee and the receipt of or release by my Trustee will fully discharge the person or entity making such payment. Notwithstanding anything in my Will to the contrary, no benefits or assets payable by reason of my death to my Trustee or to any trust created under my Will are subject to the claims against my estate, nor are such benefits to be subject to the control of my Executor nor be included in the property administered as a part of my probate estate. Section 7.14 Certificate by Trustee A written statement of the Trustee of any trust established under my Will at any time as to any facts relative to the trust may always be relied upon and will always be conclusive evidence in favor of any transfer agent and any other person dealing in good faith with the Trustee in reliance upon such statement. Section 7.15 Funeral and Other Expenses of Beneficiary Upon the death of an Income Beneficiary of a trust created under my Will, my Trustee may pay the funeral expenses, burial or cremation expenses, enforceable debts and other expenses incurred due to the death of the beneficiary from trust property. This Section only applies to the extent the Income Beneficiary has not exercised any testamentary power of appointment granted to him under my Will. My Trustee may rely upon any request by the personal representative or members of the family of the deceased beneficiary for payment without verifying the validity or the amounts and without being required to see to the application of the amounts so paid. My Trustee may make decisions under this Section without regard to any limitation on Page 12 payment of expenses imposed by statute or rule of court and may be made without obtaining the approval of any court having jurisdiction over the administration of the deceased beneficiary's estate. Section 7.16 'trust Accounting Except to the extent required by law, my Trustee is not required to file accountings in any jurisdiction. Upon the written request of an Income Beneficiary of a trust created under my Will, my Trustee must render an accounting to the Income Beneficiaries of that trust during the accounting period that includes the date of the written request. The accounting must include the receipts, expenditures, and distributions from the trust for which the accounting is prepared occurring during the accounting period. If a tax return is prepared for a trust during a period for which a trust accounting is made, the Trustee's accounting must include a copy of that tax return. If there is no tax return prepared for the accounting period,the Trustee's accounting must include a balance sheet itemizing the trust property and my Trustee's reasonable estimation of the value of the assets held in the trust as of the date the accounting is completed. In the absence of fraud or manifest error, the assent by all Income Beneficiaries to a Trustee's accounting will make the matters disclosed in the accounting binding and conclusive upon all persons, including those living on the date of my Will and those to be born in the future who have, or will in the future have, a vested or contingent interest in the trust property. In the case of an Income Beneficiary who is a minor or who is incapacitated, that beneficiary's natural guardian or legal representative may give the assent required under this Section. A beneficiary may object to an accounting rendered by my Trustee only if the beneficiary j gives written notice to my Trustee within 60 days after my Trustee renders the accounting. Any beneficiary who does not submit a written objection to the accounting is deemed to assent to the accounting. My Trustee shall make the trust's financial records and documentation available to beneficiaries at reasonable times and upon reasonable notice for inspection by the beneficiaries. My Trustee is not required to furnish any information regarding my trust to anyone other than a beneficiary. My Trustee may exclude any information that my Trustee determines is not directly applicable to the beneficiary receiving the information. Section 7.17 Authority to Merge or Sever Trusts My Trustee may merge and consolidate a trust created under my Will with any other trust, if the two trusts contain substantially the same terms for the same beneficiaries and at least one Trustee in common. My Trustee may administer the merged and consolidated trust as a single trust or unit. If, however, a merger or consolidation does not appear feasible, my Trustee may consolidate the assets of the trusts for purposes of investment and trust administration while retaining separate records and accounts for each respective trust. My Trustee may sever any trust on a fractional basis into two or more separate and identical trusts or may segregate a specific amount or asset from the trust property by Page 13 allocation to a separate account or trust. The separate trusts may be funded on a non pro .i rata basis provided that funding is based on the total fair market value of the assets on the date of funding. Income earned on a segregated amount or specific asset after the segregation passes with the amount or asset segregated. My Trustee shall hold and administer each separate trust upon terms and conditions substantially identical to those of the trust from which it was severed. Subject to the terms of the trust, my Trustee may consider differences in federal tax attributes and other pertinent factors in administering the trust property of any separate ,I account or trust, in making applicable tax elections, and in making distributions. A separate trust created by severance must be treated as a separate trust for all purposes from the date on which the severance is effective; however, the effective date of severance may be retroactive to a date before the date on which my Trustee exercises the power. Section 7.18 Authority to Terminate Trusts If, at any time, my Independent Trustee, in its sole and absolute discretion, determines that a trust created under my Will is no longer economical or is otherwise inadvisable to administer as a trust, or if my Independent Trustee deems it to be in the best interest of my beneficiaries, my Independent Trustee, without further responsibility, may terminate the trust and distribute the trust property, including any undistributed net income, in the following order of priority: To the beneficiaries then entitled to mandatory distributions of net income of the trust and in the same proportions; and If none of the beneficiaries are entitled to mandatory distributions of net income, to the beneficiaries then eligible to receive discretionary distributions of net income of the trust, in such amounts and shares as my Independent Trustee may determine. Section 7.19 Changing the Governing Law and Situs of Administration My Trustee may, at any time, change the governing law of any trust created under my Will, remove all or any part of the property or the situs of administration of the trust from one jurisdiction to another, or both. My Trustee may elect, by filing an instrument with the trust records, that the trust will thereafter be construed, regulated and governed as to administration by the laws of the new jurisdiction. My Trustee may take action under this Section for any purpose my Trustee deems appropriate, including the minimization of any taxes in respect of the trust or any beneficiary of such trust, and may do so with or without providing notice to any beneficiary. If necessary, or if deemed advisable by my Trustee, my Trustee shall appoint an Independent Trustee to serve as trustee in the new situs. If necessary, and if my Trustee does not appoint an Independent Trustee within 34 days of my Trustee's action to change the governing law or situs of the trust, the beneficiaries entitled to receive distributions of net income under the trust may, by majority consent, appoint a corporate fiduciary in the new situs. If a beneficiary is a minor or is Page 14 incapacitated, the parent or legal representative of the beneficiary may act on behalf of the beneficiary. Article Eight General Administrative Provisions The provisions of this Article apply to my probate estate and to any trust created under my Will. Section 8.01 No Bond No Fiduciary is required to furnish any bond for the faithful performance of the Fiduciary's duties, unless required by a court of competent jurisdiction and only if the court finds that a bond is needed to protect the interests of the beneficiaries. No surety is required on any bond required by any law or rule of court,unless the court specifies that a surety is necessary. Section 8.02 f=iduciary Compensation An individual serving as my Fiduciary is entitled to fair and reasonable compensation for the services rendered as a fiduciary. A corporate Fiduciary is to be compensated by agreement with an individual Fiduciary or,in the absence of an individual Fiduciary or in the absence of an agreement, in accordance with the corporate Fiduciary's published schedule of fees in effect at the time the services are rendered. My Fiduciary may charge additional fees for services it provides that are not comprised within its duties as my Fiduciary such as fees for legal services, tax return preparation and corporate finance or investment banking services. In addition to receiving compensation, my Fiduciary may be reimbursed for reasonable costs and expenses incurred in carrying out its duties under my Will. Section 8.03 Employment of Professionals My Fiduciary may appoint, employ and remove, at any time and from time to time, investment advisors, accountants, auditors, depositories, custodians, brokers, consultants, attorneys, expert advisers, agents, and employees to advise or assist the Fiduciary in the performance of its duties. My Fiduciary may act upon the recommendations of the persons or entities employed with or without independent investigation. My Fiduciary may reasonably compensate an individual or entity employed to assist or advise my Fiduciary regardless of whether the person or entity is a fiduciary under my Will or a corporate affiliate of a fiduciary and regardless of whether the entity is one in which a fiduciary is a partner,member, stockholder, officer, director or corporate affiliate or has any other interest. My Fiduciary may pay the usual compensation for services contracted for under this Section out of principal or income of the trust as my Fiduciary may deem advisable. My Page 15 Fiduciary may pay compensation to an individual or entity employed to assist or advise my Fiduciary without diminution of or charging the same against the compensation to which the fiduciary is entitled under my Will. Any fiduciary who is a partner, stockholder, officer, director or corporate affiliate in any entity employed to assist or advise my Fiduciary may nonetheless receive the fiduciary's share of the compensation paid to the entity. Section 8.04 Determination of Principal and Income The Pennsylvania Principal and Income Act will govern beneficiaries' rights among themselves in matters concerning principal and income. If the Pennsylvania Principal and Income Act contains no provision concerning a particular item, my Fiduciary shall determine in a fair, equitable and practical manner what will be credited, charged, and apportioned between principal and income. Section 8.05 Spendthrift Trust Provision This will, and all Trusts created hereunder, are intended to qualify as Spendthrift Trusts. In addition, all interests in this will, or in any Trust hereunder, are intended for the personal protection and welfare of Grantor's named beneficiaries, and no beneficiary shall be allowed to voluntarily or involuntarily assign or anticipate his or her interest in the income or principal of this will or any 'Trust hereunder, and no beneficiary's creditors, nor a spouse or former spouse of any beneficiary, shall be allowed to attach or otherwise reach any such interest before actual payment to the beneficiary. If any beneficiary shall become the subject of a judgment or court order, then during the period in which such judgment or court order remains in effect, such beneficiary shall only be permitted to receive distributions from any Trust created for the benefit of such beneficiary at the discretion of the Trustees. This limitation as to the right of a beneficiary to receive a distribution shall apply notwithstanding any provisions within the trust for such beneficiary which authorize distributions for the health, education, support or maintenance of such beneficiary. In addition, if any beneficiary shall become the subject of a judgment or court order, and such beneficiary is only entitled to discretionary distributions from a Trust created for their benefit, it shall not be an abuse of discretion by the Trustees to withhold distributions to such beneficiary while such judgment or court order is in effect. If the Trustees determine that a beneficiary would not benefit as greatly from any outright distribution of Trust income or principal because of the availability of the distribution to the beneficiary's creditors, the Trustees shall instead expend those amounts for the benefit of the beneficiary. This direction is intended to enable the Trustees to give the beneficiary the maximum possible benefit and enjoyment of all of the Trust income and principal to which the beneficiary is entitled. Nothing contained in this Section shall restrict in any way the exercise of any power of appointment granted in this agreement. Page 16 Section 8.06 Distributions to Incapacitated Persons and Persons Under Twenty-Five Years of Age If my Fiduciary is directed to distribute any share of my probate estate or trust principal to a beneficiary who is under the age of 25 years or is in the opinion of my Fiduciary, under any form of incapacity that renders the beneficiary unable to administer distributions properly when the distribution is to be made, and if no other trust is then to be held under my Will for the beneficiary's primary benefit, my Fiduciary may, as Trustee, in my Fiduciary's discretion, continue to hold the beneficiary's share as a separate trust until the beneficiary reaches the age of 25 or overcomes the incapacity. When the beneficiary reaches the age of 25 or overcomes the incapacity, my Fiduciary shall distribute the beneficiary's trust to him or her, outright free of trust. While any trust is being held under this Section, my Trustee shall pay to the beneficiary for whom the trust is held such amounts of the net income and principal as the fiduciary determines to be necessary or advisable for the beneficiary's health, education, maintenance and support. Upon the death of the beneficiary, my Trustee shall distribute any remaining property in the trust, including any accrued and undistributed income, to the beneficiary's then living descendants,per stirpes, or, if none, to my then living descendants,per stirpes. If I have no then living descendants the property is to be distributed under the provisions of Article Five entitled"Remote Contingent Distribution." Section 8.07 Representative of a Beneficiary The guardian of the person of a beneficiary may act for such beneficiary for all purposes under my Will or may receive information on behalf of such beneficiary. Section 8.08 Distributions to Beneficiaries Whenever my Will authorizes or directs my Fiduciary to make a distribution of net income or principal to a beneficiary, my Fiduciary may apply for the benefit of the beneficiary any property that otherwise could be distributed directly to the beneficiary. My Fiduciary does not have a responsibility to inquire into the beneficiary's ultimate disposition of the distributed property unless specifically directed otherwise by my Will. My Fiduciary may make distributions in cash or in kind, or partly in each, in proportions and at values determined by my Fiduciary. My Fiduciary may allocate undivided interests in specific assets to a beneficiary or trust in any proportion or manner that my Fiduciary determines, even though the property allocated to one beneficiary may be different from that allocated to another beneficiary. My Fiduciary may make these determinations without regard to the income tax attributes of the property and without the consent of any beneficiary. Section 8.09 Ancillary Administration In the event ancillary administration is required or desired and my domiciliary Executor is unable or unwilling to act as an ancillary fiduciary, my domiciliary Executor will have the power to designate, compensate, and remove the ancillary fiduciary. The ancillary Page 17 fiduciary may be either a natural person or a corporation. My domiciliary Executor may delegate to such ancillary fiduciary such powers granted to my original Executor as my Executor may deem proper, including the right to serve without bond or surety on bond. The net proceeds of the ancillary estate are to be paid over to the domiciliary Executor. Section 8.10 Delegation of Authority; Power of Attorney Any Fiduciary may, by an instrument in writing, delegate to any other Fiduciary the right to exercise any power, including a discretionary power, granted the Fiduciary in my Will. During the time a delegation under this Section is in effect, the Fiduciary to whom the delegation was made may exercise the power to the same extent as if the delegating Fiduciary had personally joined in the exercise of the power. The delegating Fiduciary may revoke the delegation at any time by giving written notice to the Fiduciary to whom the power was delegated. The Fiduciary may execute and deliver a revocable or irrevocable power of attorney appointing any individual or corporation to transact any and all business on behalf of the trust. The power of attorney may grant to the attorney-in-fact all of the rights, powers, and discretion that the Fiduciary could have exercised. Section 8.11 Merger of Corporate Fiduciary If any corporate fiduciary acting as my Fiduciary under my Will is merged with or transfers substantially all of its trust assets to another corporation or if a corporate fiduciary changes its name, the successor shall automatically succeed to the position of my Fiduciary as if originally named my Fiduciary. No document of acceptance of the position of my Fiduciary shall be required. i �I Article Nine ( Powers of My Fiduciaries Section 9.01 General Grant of Powers My Fiduciary may perform every act reasonably necessary to administer my estate and any trust. My Fiduciary may execute and deliver any and all instruments in writing, which my Fiduciary considers necessary to carry out any of the powers granted under my Will. Section 9.02 Investment Powers in General My Fiduciary may invest in any type of investment that my Fiduciary determines is consistent with the investment goals of my estate or any trust, whether inside or outside the geographic borders of the United States of America and its possessions or territories, taking into account the trust's overall investment portfolio. Without limiting my Fiduciary's investment authority in any way, I request that my Fiduciary exercise reasonable care and skill in selecting and retaining investments. I also Page 18 request that my Fiduciary take into account the following factors in choosing investments for my estate or any trust: The potential return from the investment, both in the form of income and appreciation; The potential income tax consequences of the investment; The investment's potential for volatility; and The role the investment will play in my estate or the trust's portfolio. 1 request that my Trustee, in arranging the investment portfolio of any trust, also consider the possible effects of inflation or deflation, changes in global and U.S. economic conditions,transaction expenses,and the trust's need for liquidity. My Fiduciary may delegate its discretion to manage investments to any registered investment adviser or corporate fiduciary. Section 9.03 Banking Powers My Fiduciary may establish bank accounts of any type in one or more banking institutions that my Fiduciary may choose. My Fiduciary may open accounts in the name of my Fiduciary (with or without disclosing fiduciary capacity) or in the name of my estate or the trust. When an account is in the name of my estate or the trust, checks on that account and authorized signatures need not disclose the fiduciary nature of the account or refer to my estate,any trust or Fiduciary. An account from which my Fiduciary makes frequent disbursements need not be an interest bearing account. My Fiduciary may authorize withdrawals from an account by check, draft or other instrument or in any other manner. Section 9.04 Contract Powers My Fiduciary may sell at public or private sale, transfer, exchange for other property, and otherwise dispose any property contained in my probate estate or any trust for consideration and upon terms and conditions that my Fiduciary deems advisable. My Fiduciary may grant options of any duration for any such sales, exchanges, or transfers of trust property. My Fiduciary may enter into contracts, and may deliver deeds or other instruments, as my Fiduciary deems appropriate. Section 9.05 Common Investments For purposes of convenience with regard to the administration and investment of any trust,my Trustee may invest part or all of the property jointly with trust property of other trusts for which my Trustee is also serving as a Trustee. For this purpose, a corporate fiduciary acting as my Trustee may use common funds for investment. When trust property is managed and invested in this manner, my Trustee shall maintain records that sufficiently identify that portion of the jointly invested assets that constitute the property of the trust. Page 19 Section 9.06 Litigation and Settlement Powers My Fiduciary, in its discretion and at the expense of my probate estate or the trust, may institute,join, compromise, settle dismiss and defend any probate or trust property in any judicial or administrative proceeding. This includes specifically, but not limited to proceedings or class actions brought against any public entity or government agency or brought by any such entity for attachment, recoupment, levy, invasion, reformation, or access of any kind to property of my probate estate or a trust. My Fiduciary may retain such legal counsel and ancillary personnel, as my Fiduciary deems appropriate in the exercise of its discretion. Section 9.07 Loans and Borrowing Powers My Fiduciary may make secured or unsecured loans to any person (including a beneficiary), entity, trust or estate, for any term or payable on demand, with or without interest. My Fiduciary may enter into or modify the terms of any mortgage or security agreement granted in connection with any loan and may release or foreclose on the mortgage or security. My Fiduciary may borrow money at interest rates and on other terms that it deems advisable from any person,institution or other source including, in the case of a corporate fiduciary, its own banking or commercial lending department. My Fiduciary may encumber estate and trust property by mortgages, pledges and other hypothecation and shall have the power to enter into any mortgage, whether as a mortgagee or mortgagor even though the term may extend beyond the termination of the trust and beyond the period that is required for an interest created under my Will to vest in order to be valid under the rule against perpetuities. My Fiduciary may purchase, sell at public or private sale, trade, renew, modify, and extend mortgages. My Fiduciary may accept deeds in lieu of foreclosure, Section 9.08 Nominee Powers My Fiduciary may hold real estate, securities and any other estate or trust property in the name of a nominee or in any other form without disclosing the existence of my estate, the trust or fiduciary capacity. Section 9.09 Payment of Taxes and Expenses Except as otherwise provided in my Will, my Fiduciary may pay all property taxes, assessments, fees, charges, and other expenses incurred in the administration or protection of my estate or any trust. All payments will be a charge against estate or the trust, as the case may be, and are to be paid out of income and to the extent that income is insufficient, then out of principal. The determination of my Fiduciary with respect to the payment of expenses will be conclusive upon the beneficiaries. Section 9.70 Qualified Tuition Programs My Trustee may purchase tuition credits or certificates or make contributions to an account in one or more qualified tuition programs as defined under Section 529 of the Page 20 Internal Revenue Code on behalf of a beneficiary for the purpose of meeting the qualified higher education expenses of the beneficiary. With respect to an interest in any qualified tuition program, my Trustee is authorized to act as contributor (or similar designation given to the person who maintains control of an interest in the qualified tuition program) and take any and all actions to administer the interest, including, without limitation, the following: To designate and change the designated beneficiary of the interest in the qualified tuition program; To request withdrawals,both qualified and nonqualified; To select among investment options and to reallocate funds in the interest in the qualified tuition program among different investment options; To make rollovers to another qualified tuition program; and To determine the allocation of any tax benefits or penalties to the beneficiaries of the trust. Notwithstanding anything in this paragraph to the contrary, the designated beneficiary at all times must be a beneficiary of the trust from which the funds were distributed to establish the interest in the qualified tuition program. A Trustee's investment in a qualified tuition program is not to be considered a delegation of investment responsibility under any applicable statute or other law. Section 9.11 Real Estate Powers My Fiduciary may sell at public or private sale,purchase, exchange, lease for any period, mortgage, manage, alter, improve and in general deal in and with real property in such manner and on such terms and conditions as my Fiduciary deems appropriate. My Fiduciary may grant or release easements in or over, subdivide, partition, develop, raze improvements, and abandon, any real property. My Fiduciary may manage real estate in any manner that my Fiduciary deems best and shall have all other real estate powers necessary for this purpose. My Fiduciary may enter into contracts to sell real estate. My Fiduciary may enter into leases and grant options to lease trust property even though the term of the agreement extends beyond the termination of a trust and beyond the period that is required for an interest created under my Will to vest in order to be valid under the rule against perpetuities. For such purposes, my Fiduciary may enter into any contracts, covenants and warranty agreements that my Fiduciary deems appropriate. Section 9.12 Retention and Abandonment of Trust Property My Fiduciary may retain, without liability for depreciation or loss resulting from retention, any property contained in my estate or any trust at the time of its creation or as the result of the exercise of a stock option. My Fiduciary may retain property, notwithstanding the fact that the property may not be of the character prescribed by law for the investment of assets held by a fiduciary, and notwithstanding the fact that Page 21 retention may result in inadequate diversification under any applicable Prudent Investor iAct or other applicable law. My Fiduciary may hold property that is non-income producing or is otherwise nonproductive if holding the property is, in the sole and absolute discretion of my Fiduciary, in the best interests of the beneficiaries. My Fiduciary may retain a reasonable amount in cash or money market accounts in order to pay anticipated expenses and other costs and to provide for anticipated distributions to or for the benefit of a beneficiary. My Fiduciary may abandon any trust property that my Fiduciary deems to be of insignificant value. Section 9.13 Securities, Brokerage and Margin Powers My Fiduciary may buy, sell, trade and otherwise deal in stocks, bonds, investment companies, mutual funds, common trust funds, commodities, options and other securities of any kind and in any amount, including short sales. My Fiduciary may write and purchase call or put options, and other derivative securities. My Fiduciary may maintain margin accounts with brokerage firms and may pledge securities to secure loans and advances made to my Fiduciary or to or for the benefit of a beneficiary. My Fiduciary may place all or any part of the securities held by my estate or a trust in the custody of a bank or trust company. My Fiduciary may have all securities registered in the name of the bank or trust company or in the name of its nominee. My Fiduciary may appoint the bank or trust company as the agent or attorney in fact to collect, receive, receipt for and disburse any income and generally to perform the duties and services incident to a custodian of accounts. My Fiduciary may employ a broker-dealer as a custodian for securities held by my estate or the trust and may register the securities in the name of the broker-dealer or in the name of a nominee with or without the addition of words indicating that the securities are held in a fiduciary capacity. My Fiduciary may hold securities in bearer or uncertificated form and may use a central depository, clearing agency or book-entry system, such as The Depository Trust Company,Euroclear or the Federal Reserve Bank of New York. My Fiduciary may participate in any reorganization, recapitalization, merger or similar transaction. My Fiduciary may exercise or sell conversion or subscription rights for securities of all kinds and description. My Fiduciary may give proxies or powers of attorney that may be discretionary and with or without powers of substitution. My Fiduciary may vote or refrain from voting as to any matter. Section 9.14 Tangible Personal Property and Residences My Fiduciary may acquire, maintain and invest in articles of tangible personal property, whether or not the property is income producing, and may pay the expenses of the repair and maintenance of the property. My Fiduciary does not have a duty to convert the property referred to in this Section to productive property except as required by other provisions of my Will. Page 22 My Fiduciary may not be held liable for any depreciation or loss as a result of the retention of any property retained or acquired under the authority of this Section. My Trustee may acquire, maintain and invest in any residence for the use and benefit of the beneficiaries of the trust, whether or not the residence is income producing and without regard to the proportion that the value of the residence may bear to the total value of the trust property and even if retaining the residence involves financial risks that trustees would not ordinarily incur. My Trustee may pay or make arrangements for others to pay all carrying costs of the residence, including, but not limited to, taxes, assessments, insurance, expenses of maintaining the residence in suitable repair, and other expenses relating to the operation of the residence for the benefit of the beneficiaries. My Trustee may permit any Income Beneficiary of the trust to occupy any real property or use any personal property owned by the trust on terms or arrangements that my Trustee may determine, including rent free or in consideration for the payment of taxes, insurance, maintenance, repairs, or other charges. Section 9.15 Fiduciaries' Powers Act In addition to all of the above powers, my Fiduciaries may, without prior authority from any court, exercise all powers conferred by my Will or by common law or by the Pennsylvania Probate, Estates and Fiduciaries Code or other statute of the Commonwealth of Pennsylvania or any other jurisdiction whose law applies to my Will. My Executor has absolute discretion in exercising these powers. Except as specifically limited by my Will, these powers extend to all property held by my fiduciaries until the actual distribution of the property. Section 9.16 Alternative Distribution Methods My Fiduciary may make any payment provided for under my Will or under the terms of any trust established under my Will as follows: Directly to the beneficiary; In any form allowed by applicable state law for gifts or transfers to minors or persons under a disability; To the beneficiary's guardian, conservator, agent under a durable power of attorney or caregiver for the benefit of the beneficiary; or By direct payment of the beneficiary's expenses, made in a manner consistent with the proper exercise of the fiduciary's duties hereunder. A receipt by the recipient for any such distribution fully discharges my Fiduciary. Section 9.17 Limitation on My Trustee's Powers All powers granted to my Trustee under my Will or by applicable law are limited as set forth in this Section, unless explicitly excepted by reference to this Section. Page 23 An Interested Trustee may not exercise or participate in the exercise of discretion with respect to the distribution of income or principal, or the termination of the trust to or for the benefit of a beneficiary,to the extent that the exercise of such discretion is other than for the health, education, maintenance or support of a beneficiary as described under Sections 2041 and 2514 of the Internal Revenue Code. Article Ten Provisions for Payment of Debts, Expenses and Taxes Section 10.01 Payment of Debts and Expenses I direct that all my legally enforceable debts, secured and unsecured, be paid as soon as practicable after my death. Section 10.02 No Apportionment Except as otherwise provided in this Article or elsewhere in my will, my Executor shall provide for payment of all estate, inheritance and succession taxes payable by reason of my death ("death taxes") from my residuary estate as an administrative expense without apportionment and will not seek contribution toward or recovery of any death tax payments from any individual. Section 10.03 Property Passing Outside of My Will Except as to Qualified Retirement Benefits, death taxes imposed with respect to property included in my gross estate for purposes of computing the tax and passing other than by my Will are to be apportioned among the persons and entities benefited in the proportion that the taxable value of the property or interest bears to th e total taxable value of the property and interests received by all persons benefited. The values to be used for the apportionment are the values as finally determined under federal, state, or local law as the case may be. Section 10.04 Tax Elections In exercising any permitted elections regarding taxes, my fiduciaries may make any decisions that they deem to be appropriate in any circumstances, and my fiduciaries are not required to make any compensatory adjustment as a consequence of any election. My Executor may also execute joint tax returns and pay taxes or interest and deal with any tax refunds, interest, or credits as my Executor deems to be necessary or advisable, whether in the interest of the other joint tax payer or in the interest of my estate. My Executor may make any elections relative to the "Deceased Spousal Unused Exclusion Amount' to the extent and amount allowable under Sections 2010(c)(4) and (5) of the Internal Revenue Code, all as my Executor deems appropriate under then prevailing circumstances. Page 24 My Executor, in its sole and absolute discretion, may elect to have all, none, or part of the property comprising my estate for federal estate tax purposes qualify for the federal estate tax marital deduction as qualified terminable interest property under Section 2056(B)(7) of the Internal Revenue Code (the "QTIP election") and for any state death tax marital deduction under the law of any state (the "state QTIP Election"). My Executor is not required to make the same election for both federal estate tax purposes and for state death tax purposes. If my Executor makes a partial QTIP election, my Executor shall divide the trust on the basis of the fair market value of the assets of the trust at the time of the division. My Executor, in his or her sole and absolute discretion, may make any adjustments to the basis of my assets authorized by law, including but not limited to increasing the basis of any property included in my gross estate, whether or not passing under my Will, by allocating any amount by which the basis of my assets may be increased. My Executor is not required to allocate basis increase exclusively, primarily or at all to assets passing under my Will as opposed to other property included in my gross estate. My Executor may elect, in his or her sole and absolute discretion, to allocate basis increase to one or more assets that my Executor receives or in which my Executor has a personal interest,to the partial or total exclusion of other assets with respect to which such allocation could be made. My Executor may not be held liable to any person for the exercise of his or her discretion under this Section. Article Eleven Definitions and General Provisions Section 11.01 Cremation Instructions I wish that my remains be cremated in accordance with any known instructions left by me, whether in writing or orally given to any family member. If I have failed to leave instructions regarding the cremation of my remains, I wish that my remains be cremated and my ashes disbursed as my Executor sees fit. Section 11.02 Definitions For purposes of my Will and for the purposes of any trust established under my Will, the following definitions apply: (a) Adopted and Afterborn Persons A legally adopted person in any generation and his or her descendants, including adopted descendants, will have the same rights and will be treated in the same manner under my Will as natural children of the adopting parent, provided the person is legally adopted before attaining the age of 18 years. A person will be deemed to be legally adopted if the adoption was legal in the jurisdiction in which it occurred at the time that it occurred. Page 25 (b) Descendants The term "descendants" means any one or more person who follows in direct descent (as opposed to collateral descent) from a person, such as a person's children, grandchildren, or other descended individuals of any generation. (c) Education The term "education" is intended to be an ascertainable standard in accordance with Section 2041 and Section 2514 of the Internal Revenue Code. The definition includes, but is not limited to: Enrollment at private elementary, junior, and senior high school, including boarding school; Undergraduate and graduate study in any field at a college or university; Specialized, vocational, or professional training or instruction at any institution, including private instruction; and Any other curriculum or activity that my Trustee deems to be useful for developing the abilities and interests of a beneficiary including, without limitation, athletic training, musical instruction, theatrical training,the arts, and travel. The term "education" also includes distributions made by my Trustee for expenses such as tuition, room and board, fees, books and supplies, tutoring and transportation, and a reasonable allowance for living expenses. (d) Fiduciary "Fiduciary" or "Fiduciaries" refer to my Executor and my Trustee, or if they are different persons, either of them. My "Executor" includes any executor, ancillary executor, administrator, or ancillary administrator, whether local or foreign, and whether of all or part of my estate, multiple Executors, and their successors. Except as otherwise provided in this Last Will and Testament, a fiduciary has no liability to any party for action (or inaction) taken in good faith. (e) Good Faith For the purposes of this Last Will and Testament, a fiduciary has acted in good faith if (i) its action or inaction is not a result of intentional wrongdoing, (ii) the fiduciary did not make the decision with reckless indifference to the interests of the beneficiaries, and (iii) its action or inaction does not result in an improper personal pecuniary benefit to the fiduciary. Page 26 M incapacity Except as otherwise provided in my Will, a person is deemed to be incapacitated in any of the following circumstances. (1) The Opinion of Two Licensed Physicians An individual is deemed to be incapacitated whenever, in the opinion of two licensed physicians, the individual is unable to effectively manage his or her property or financial affairs, whether as a result of age, illness, use of prescription medications, drugs or other substances, or any other cause. An individual is deemed to be restored to capacity whenever the individual's personal or attending physician provides a written opinion that the individual is able to effectively manage his or her property and financial affairs. (2) Court Determination An individual is deemed to be incapacitated if a court of competent jurisdiction has declared the individual to be disabled, incompetent or legally incapacitated. (3) Detention, Disappearance or Absence An individual is deemed to be incapacitated whenever he or she cannot effectively manage his or her property or financial affairs due to the individual's unexplained disappearance or absence for more than 30 days, or whenever he or she is detained under duress. An individual's disappearance, absence or detention under duress may be established by an affidavit of any fiduciary. The affidavit must describe the circumstances of an individual's detention under duress, disappearance, or absence and may be relied upon by any third party dealing in good faith with my fiduciary in reliance upon the affidavit. An individual's disappearance, absence, or detention under duress may be established by an affidavit of my Executor. (g) Income Beneficiary The term "Income Beneficiary" means any beneficiary who is then entitled to receive distributions of the net income of the trust, whether mandatory or discretionary. Unless otherwise provided in my Will, the phrase "majority of the Income Beneficiaries" means any combination of Income Beneficiaries who, if all accrued net income were distributed on the day of a vote by the Page 27 beneficiaries, would receive more than 50% of the accrued net income. For purposes of this calculation, beneficiaries who are eligible to receive discretionary distributions of net income shall be deemed to receive the income in equal shares. References to a "majority" refer to a majority of the entire trust collectively until my Trustee allocates property to separate trusts or trust shares. After the allocation of property to separate trusts or trust shares, references to a "majority" refer to a majority of each separate trust or trust share. (h) Independent Trustee The term "Independent Trustee" means any Trustee who is not an Interested Trustee as defined in subsection (i) and includes an Independent Special Trustee appointed under the provisions of Section 7.09. Whenever a power or discretion is granted exclusively to my Independent Trustee then any Interested Trustee who is then serving as my Trustee is prohibited from participating in the exercise of the power or discretion. If there is no Independent Trustee serving, then an Independent Special Trustee may be appointed under the provisions of Section 7.09 to exercise the power or discretion that is exercisable only by my Independent Trustee. (i) Interested Trustee The tern "Interested Trustee" means a Trustee who (1) is a transferor or beneficiary; (2) is related or subordinate to a transferor or beneficiary; (3) can be removed and replaced by a transferor with either the transferor or a party who is related or subordinate to the transferor; or (4) can be removed and replaced by a beneficiary with either the beneficiary or a party who is related or subordinate to the beneficiary. For purposes of this subsection, (1) "transferor" means a person who transferred property to the trust, including a person whose disclaimer resulted in property passing to the trust; (2) "beneficiary" means a person who is or in the future may be eligible to receive income or principal from the trust pursuant to the terms of the trust, even if such person has only a remote contingent remainder interest in the trust, but not if the person's only interest is as a potential appointee under a power of appointment; and (3) "related or subordinate" means related or subordinate within the meaning of Section 672(c) of the Internal Revenue Code. Whenever this agreement specifically prohibits an Interested Trustee from exercising discretion or performing an act or specifically limits discretion or the performance of an act to an Independent Trustee, then any Interested Trustee serving as my Trustee is prohibited from participating in the exercise of that discretion or performance of that act. If there is no Trustee serving that is not an Interested Trustee, then an Independent Page 28 Special Trustee may be appointed under the provisions of Section 7.09 to exercise the discretion or perform the act. G) Internal Revenue Code References to the "Internal Revenue Code" or to its provisions are to the Internal Revenue Code of 1986, as amended from time to time, and the corresponding Treasury Regulations, if any. References to the "Treasury Regulations," are to the Treasury Regulations under the Internal Revenue Code in effect from time to time. If a particular provision of the Internal Revenue Code is renumbered, or the Internal Revenue Code is superseded by a subsequent federal tax law, any reference will be deemed to be made to the renumbered provision or to the corresponding provision of the subsequent law, unless to do so would clearly be contrary to my intent as expressed in my Will. The same rule applies to references to the Treasury Regulations. (k) Legal Representative As used in my Will, the term "legal representative" means a person's guardian, conservator, personal representative, executor, administrator, Trustee, or any other person or entity personally representing a person or the person's estate. (1) Per Stirpes Whenever a distribution is to be made to a person's descendants per stirpes, the distribution will be divided into as many equal shares as there are then-living children of that person and deceased children of that person who left then-living descendants. Each then-living child will receive one share and the share of each deceased child will be divided among the deceased child's then-living descendants in the same manner. (m) Primary Beneficiary The Primary Beneficiary of a trust created under this agreement is the oldest Income Beneficiary of that trust unless some other individual is specifically designated as the Primary Beneficiary of that separate trust. (n) Qualified Retirement Plan The term "qualified retirement plan" means a plan qualified under Section 401 of the Internal Revenue Code, an individual retirement arrangement under Section 408 or Section 408A or a tax-sheltered annuity under Section 403. The term "qualified retirement benefits" means the amounts held in or distributed pursuant to a plan qualified under Section 401, an individual retirement arrangement under Section 408 or Section 408A, a tax-sheltered annuity under Section 403 or any other benefit subject to the distribution rules of Section 401(a)(9). Page 29 (o) Shall and May Unless otherwise specifically provided in my Will or by the context in which used, I use the word "shall' in my Will to command, direct or require, and the word "may" to allow or permit, but not require. In the context of my Trustee, when I use the word "may" I intend that my Trustee may act in its sole and absolute discretion unless otherwise stated in my Will. (p) Trust The term"trust," refers to any trusts created under the terms of my Will. (q) Trustee The term "my Trustee" refers to any person or entity that is from time to time acting as the Trustee and includes each Trustee individually, multiple Trustees, and their successors. (r) Trust Property The term "trust property" means all property held by a Trustee under my Will, including all property that my Trustee may acquire from any source. (s) Other Definitions Except as otherwise provided in my Will, terms shall be as defined in the Pennsylvania Probate, Estates and Fiduciaries Code as amended after the date of my Will and after my death. Section 11.03 Contest Provision If any person directly or indirectly attempts to contest or oppose the validity of my Will, (including any codicil to my Will), or commences, continues or prosecutes any legal proceedings to set my Will aside, then that person will forfeit his or her share, cease to have any right or interest in my estate, and will, for purposes of my Will, be deemed to have predeceased me. Section 11.04 Survivorship Presumption If any beneficiary is living at my death, but dies within 30 days thereafter, then the beneficiary will be deemed to have predeceased me for all purposes of my Will. Section 11.05 General Provisions The following general provisions and rules of construction apply to my Will: (a) Singular and Plural; Gender Unless the context requires otherwise, words denoting the singular may be construed as plural and words of the plural may be construed as denoting the singular. Words of one gender may be construed as denoting another gender as is appropriate within the context. The word"or" when used in a Page 30 list of more than two items may function as both a conjunction and a disjunction as the context requires or permits. (b) Headings of Articles, Sections, and Subsections The headings of Articles, Sections, and subsections used within my Will are included solely for the convenience and reference of the reader. They have no significance in the interpretation or construction of my Will. (c) Governing State Law My Will shall be governed, construed and administered according to the laws of the Commonwealth of Pennsylvania as from time to time amended. Questions of administration of any trust established under my Will are to be determined by the laws of the situs of administration of that trust. (d) Notices Unless otherwise stated, whenever my Will calls for notice, the notice will be in writing and will be personally delivered with proof of delivery, or mailed postage prepaid by certified mail, return receipt requested, to the last known address of the party requiring notice. Notice will be effective on the date personally delivered or on the date of the return receipt. If a party giving notice does not receive the return receipt but has proof that he or she mailed the notice, notice will be effective on the date it would normally have been received via certified mail. If notice is required to be given to a minor or incapacitated individual, notice will be given to the parent or legal representative of the minor or incapacitated individual. (e) Severability The invalidity or unenforceability of any provision of my Will does not affect the validity or enforceability of any other provision of my Will. If a court of competent jurisdiction determines that any provision is invalid, the remaining provisions of my Will are to be interpreted and construed as if any invalid provision had never been included in my Will. I, Karen M. Ulsh, having signed this Will in the presence of �e cx V I- (r- and ���� C=. y r who attested it at my request on this day, t 2012, at Harrisburg, Pennsylvania, declare this to be my Last Will and Testament. Kar6n M. Ulsh, Testatrix Page 31 The above and foregoing Will of Karen M. Ulsh was declared by Karen M. Ulsh in our view and presence to be her Will and was signed and subscribed by the said Karen M. Ulsh in our view and presence and at her request and in the view and presence of Karen M. Ulsh and in the view and presence of each other, we, the undersigned, witnessed and attested the due execution of the Will of Karen M. Ulsh on this day, i^ I 12012. residing at � 1 residing at 3 S PENNSYLVANIA SELF PROVING AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA ) COUNTY OF DAUPHIN ) I, Karen M. Ulsh, the testatrix whose name is signed to the attached or foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed and executed the instrument as my Last Will; and that I signed it willingly and as my free and voluntary act for the purposes therein expressed. Sworn to or affirmed and acknowledged before me by Karen M. Ulsh, the testatrix, this day, 2012. COMMONWEALTH OF PENNSYLVANIA v i%'d6L' I%„e� c Notarial Seal Karen M. Ulsh, Testatrix Cassandra T.Rosenbaum,Notary Public Lower Paxton TvP.,Dauphin County NY Cmnofssloh Expires Dec 4,2012 Manber.Pennsovanla Association or Notarlrs C Notary Public Page 32 COMMONWEALTH OF PENNSYLVANIA ) COUNTY OF DAUPHIN ) We,�^ V ;c� names are signed to the attached or gr � the wies whose instrument, being duly qualified to law, do depose and say that we were present and saw the testatrix sign and execute 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 our knowledge the testatrix was at that time 18 or more years of age, of sound mind, and under no constraint or undue influence. Witness COMMONNFJLLTNOF PEN NSriypldU, Witness Notarlal Seal Cassandra T.Rosenbaum,Notary public LOW Paxton Tory.,Dauphin county COIIMnLSSbn Expires Dec.4,2012 rMno t.P ramanla Association of Noshes _�• Notary Public Page 33 SUSQUEHANNA ALLEY F E D E R A L C R E D I T U N I O N June 13, 2012 Amy M. Moya Susan E. Lederer Law Offices 5011 Locust Lane Harrisburg, PA 17109 Re: Estate of Karen M. Ulsh SS#: 174-46-6751 Acct#'s: 9856, 1049 Dear Ms. Moya: The following is the information regarding the accounts referenced above. Account# 1049- Mark Ulsh, Karen Ulsh, &Stephanie Rehman (Stephanie added 12/22/2001) Date Opened DOD Value Accrued Interest -00 Savings 9/22/1977 $577.97 $0.29 -06 Christmas Club 10/31/1986 $1,190.35 $0.25 -07 Club Account 05/17/2011 $26.71 $0.01 -09 Club Account 04/29/2003 $33.73 none -40 Checking 07/15/1994 $4,074.07 none Account# 11132—Mark Ulsh and Karen Ulsh Date Opened DOD Value Accrued Interest -00 Savings 04/27/1998 $133.50 $0.04 -09 Club Account 03/19/2004 $61.96 $0.04 -40 Checking 04/27/1998 $103.66 none Account#9856—Jessica Ulsh and Karen Ulsh Date Opened DOD Value Accrued Interest -00 Savings 07/08/1995 $903.46 $0.27 -40 Checking 07/19/2005 $833.09 none www . SVFCU . org Account#9856—Matthew Ulsh and Karen Ulsh Date Opened DOD Value Accrued Interest -00 Savings 07/08/1995 $6.00 none -40 Checking 04/11/2008 $5.73 none Please let me know if you need any additional information. Kind regards, Kathy Jo McCabe Member Services Supervisor PENNSYLVANIA INHERITANCE TAX BUREAU OF INDIVIDUAL TAXES - - INFORMATION ?NOTICE i FILE NO. 21 PO abx 280601 pennsylvanla AND ACN HARRISBURG PA 17128-0601 TAXPAYER RESPONSE 12125454 DEPARTMENT OF REVENUE DATE 04-16-2012 REY-3565 f%Atr OS-335 TYPE OF ACCOUNT EST. OF KAREN M ULSH ® SAVINGS SSN 174-46-6751 ❑ CHECKING DATE OF DEATH 03-26-2012 ❑ TRUST CODNTY CUMBERLAND CERTIF, REMIT PAYMENT AND FORMS TO: MARK S ULSH REGISTER OF WILLS 4 LANTERN LN 1 COURTHOUSE SQUARE CAMP HILL PA 17011-8456 CARLISLE PA 17013 SUSQUEHANNA VALLEY FCU prnvided the department with the information below, which was used in calculating the inheritance tax due- Records indicate that at the death of the above-named decedent, you were a joint owner lbenefl Clary of this account. If you are the spouse of the deceased and any amount other than zero is reflected below on the Potential Tax Due line, note no tax may be due, but you must notify the department of your relationship to the deceased by checking Box C in PART 1 below and Writing "spouse" in PART 2. if YYou believe he information is incorrect, please Obtain written correction from the financial institution, attach a copy to this form and return it to the above address. Please call 717-7a7-8327 with questions. COMPLETE PART 1 BELOW * SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Account No. 1049 Date 09-02.1977 T. ensure proper credit to the account. two Established ..pies of this notice must accompany payment to the Register of Wills. Make chock Account Balance $ 1,544.89 Payable to 'Register of Wills, Agent". Percent Taxable X 16.667 NOTE% If tau payments are made within three Amount Subject to Tax $ 257.49 months of the decedents data of death, Tax Rate X .00 deduct a 5 Percent discount on the tax due. Potential Tax Due $ D D Any inheritance tax due will become delinquent Wino months after the date of death. PART TAXPAYER RESPONSE FAILLIR) pTD jtES' t1 ILtsiSUi "MA. T SHE": e r•' A. *4Rhe above information and tax due is correct. 1, Remit Payment to the Resistor of Wills with two copies of this notice to obtain CHECK a discount or avoid interest, or return this notice to the Register of Wills and ONE an official assessment will be issued by the PA Department of Revenue. BLOCK a. ❑ The above asset has been or will be reported and tax Paid with the Pennsylvania inheritance tax return ONLY filed by the estate representative. C. [] The above informs ton is incorrect and/or debts and deductions Were paid. Complete PART 21 and/or PART In below. PART If indicating a different tax rate, Please state y �y�,� yFCXAIfa.,De�Ot)Li ;% 24AF 2 relationship to decedent: :, TAX RETURN - CALCULATION OF TAX ON JOINT/TRUST ACCOUNTS LINE 1. Hate Established L -' 0,'`+�s". t 'ir"sk4ar lixnpx5 "ter xsy zyta m 'EM +w ,'. 2. Account Balance 2 $ 3. Percent Taxable 3 X 4. Amount Subject to Tex 4 $ i r F v.rs3`afitu�. .' s. /$iG " RN lz4 "-n. r iy S. Debts and Deduct#ons 5 £{zmRAU *t _ 6. Amount Taxable b ntzs� s 7. Tax Rate 7 X 'fi -t .er1e'7- '.rs a. Tax Due B PART DEBTS AND DEDUCTIONS CLAIMED 0 DATE PAID PAYEE DESCRIPTION AMOUNT PAID TOTAL (Enter on Line 5 of Tax Computation) s Under penalties of par7uryr I declare that the facts I reported 4bove are true, correct and complete to the best of my knowledge and belief. HOME C ) WORK ( ) TAYPAVCP CTl LIATrinl ' PENNSYLVANIA INHERITANCE TAX BUREAU OF INDIYTDUAt TAXES 2 INFORMATION NOTICE FILE NO• ZI PO BOX 280601 Pennsylvania AND ACN 12125455 HARRISBURG PA 17128-a6zi DEPARTMENT OF REVENUE TAXPAYER RESPONSE DATE 04-16-2012 GEVQfi3 a lip 1.5415 TYPE OF ACCOUNT EST. OF KAREN M ULSH ❑ SAVINGS SSN 174-46-675I ® CHECKING DATE OF DEATH 03-26-2012 ❑ TRUST COUNTY CUMBERLAND ❑ CERTIF. REMIT PAYMENT AND FORMS TO: MARK S ULSH REGISTER OF WILLS 4 LANTERN LN 1 COURTHOUSE SQUARE CAMP HILL PA 17011-8456 CARLISLE PA 17013 SUSQUEHANNA VALLEY FCU provided the department with the information below, which was used in calculating the inheritance tax due- Records indicate that at the death of the above-named decedent. you were a ,joint owner/beneficiary of this account. If you are the Spouse of the deceased and any amount other then zero is reflected below on the Potential Tax Due line. note no tax may be due, but you must notify the department of your relationship to the deceased by checking Box C in PART 1 below and writing "spouse" in PART 2, If you believe the information is incorrect, please obtain written Correction from the financial institution. attach a copy to this form and return 1t to the above address. Please call 717-787-8327 with questions. COMPLETE PART 1 BELOW It SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Account No. 1049 Date 09-22-1977 To ensure proper credit to the account, two Established copies of this notice must accompany Payment to the Register of Wills. Make check Account Balance $ 4,074.07 Pw.blo to "Register of Wills, Agent". Percent Taxable X 16.667 NOTE: if tax payments are o a three Amount Subject to Tax $ 679.03 months of the tlecedenf's data to de of death, . Tax Rate X .00 deduct e 5 percent discount on the tax due. Any inheritance tax due will become dolimouent Potential Tax Due $ .DO nine months after the date of death. PART TAXPAYER RESPONSE A. The above information and tax due is correct. Remit payment to the Register of Wills with two copies of this notice to Obtain CHECK a discount or avoid interest, or return this notice to the Register Of Wills and ONE an official assessment will be issued by the PA Department of Revenue. BLOCK B. The above asset has been or will be reported and tax Paid with the Pennsylvania inheritance tax return ONLY filed by the estate representative. C. The above informa ion is incorrect and/or debts and deductions were paid. Complete PART 121 and/or PART E below. PART If indicating a diffarant tax rate, please state .F''r,� '' 1 Magiq- 1A`AF�". relationship to decedent: sire A � FI �� NENUEr''�'fi% TAX RETURN - CALCULATION OF TAX ON JOINT/TRUST ACCOUNTS LINE 1. Date Established 1 2. Account Balance 2 3. Percent Taxable 3 X '- =�Dl'¢Jgy.'-Arm# r"l'.'ti7R° '(`s` .;r 4. Amount Subject to Tax 4 Lh ` t,•a,; '°�J' -. 6`s'h� .�w r�rx'y'''t �3 'xvya 5. Debts and Deductions 5 - _ ., � � '` A j1'@ v` b. Amount Taxable b X *y 7. Tax Rate 7 'Tv'A `„ 8. Tax Due 8 $ , v�.'S;,„, ,. .«, ru-wn .. ..s •rsrsa> r,.;,.J=;. PART DEBTS AND DEDUCTIONS CLAIMED P] DATE PAID PAYEE DESCRIPTION AMOUNT PAID TOTAL (Enter on Lima 5 of Tax Computation) @ Under penalties of Perjury, I declare that the facts I reported above are true, correct and complete to the best of my knowledge and belief. HOME ( ) WORK ( ) TAYPAYPO ¢TGA1A-rnoo T INFORMATION NOTICE PENNSYLVANIA INHERITANCE TAX eM euREnu of INDIVIDUAL Taxes FILE N0. 21 PO BOX 200601 DennS lvania AND HARRISBURG PA 17326-0601 'oErARIPM T REVEMt TAXPAYER RESPONSE ACN 12125453 esv-uxa ax ssr.n->�, DATE 04-16-2012 TYPE OF ACCOUNT EST. OF KAREN M ULSH ® SAVINGS SSN 174-46-6751 ❑ CHECKING DATE OF DEATH 03-26-2012 ❑ TRUST COUNTY CUMBERLAND ❑ CERT IF. REMIT PAYMENT AND FORMS TO: MARK S ULSH REGISTER OF WILLS 4 LANTERN LN 1 COURTHOUSE SQUARE CAMP HILL PA 17011-8456 CARLISLE PA 17013 SUSQUEHANNA VALLEY FCU provided the department with the Information below, which was used in calculating the inheritance tax due. Records indicate that at the death of the above-named decedent, you were a Joint owneribentficlary of this account. If you are the spouse of the deceased and any amount other than zero is reflected below on the Potential Tax Due line, note no tax may be due, but you must notify the department of your relationship to the deceased by checking Box C in PART 1 below and writing "spouse" in PART 2. If you believe the information is incorrect, please obtain written correction from the financial institution, attach a copy to this form and return It to the above address. Please call 717.787.8327 with questions. COMPLETE PART 1 BELOW x SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Account No. 1049 Date 09-02-1977 To ensure proper credit to the account, two Established copies of this notice must accompany payment to the Resistor of Wills. Make check Account Balance 1.544.89 payable to "Resister of Wills, Agent", Percent Taxable X 16.667 NOTE. If tax payments are made within three Amount Subject to Tax 0 257.49 months of the decedent's data of death. Tax Rate X .00 deduct a 5 percent discount an the tax due. Any inheritance tax due will become delinquent Potential Tax DUO S .00 nine months after the data of death. PART TAXPAYER RESPONSE o F . -r. . �x����`TO s �spoapn?a�i Hsu` y�rT' {app' `� ���2n�uix AssESySU`bENTw ,::scY.v lafz^F.. .�T - .q:.l'f'1eea,Gwc�,�C• •,f��.WW�yr�.4!.Y }F.FVe.m'4'-:.Yrt�:Y rr '2GML.k:r:ne s..'! A. The above information and tax duo is correct. -a" Remit payment to the Register of Wills with two coaios of this notice to obtain CHECK n discount or avoid Interest, or return this notice to the Resister of Wills and CH DEC an official assessment will be issued by the PA Department of Revenue. BLOCK a. The above asset has been or will be reported and tax paid with the Pennsylvania inheritance tax return ONLY JJ filed by the estate representative. C. The above inforsa ion is Incorrect worn void. and/or debts and deductions wo void. Complete PART 2E and/or PART 0 below. t. PART If indicating a different tax rain, please state 7zj.7 _r {1"� "j'r�a7Ai 3,S OnL�rF '`AAF;h ❑2 relationship to decedent: k"7•"j` FA e." „ ' A DE3sAARTMEN3�,pREYENUe� TAX RETURN - CALCULATION OF TAX ON JOINT/TRUST ACCOUNTS °P'rAll•y�v^tlf`�IMC`a' (`ri., ' "� '+"-` '" "' " ' uyjt n n. LINE 1. Date Established 1 , agNl� r ^ �"' '�'- �� " 2. Account Balance 2 � R� `- ` r �- 3. Percent Taxably 3 X � ` ar '""'ah"`C�y'".��- '+a.`-•,"-+-'+'p��"�` ' 4. Amount Subject to Tax 4 $ „7^ '�i S. Debts and Deductions 5 6. Amount Taxablo b 7. Tax Rate 7 X �e^•'-sw^'"w "d,T. "t1 r<"+ S3�S+yT� .i. air1 8. Tax Due 8 S � iac<r+'�`.<,_ my ,rrt-r¢x=.m!.ylex..-':xt. _• ,s�n,r PART DEBTS AND DEDUCTIONS CLAIMED ID DATE PAID PAYEE DESCRIPTION AMOUNT PAID TOTAL (Enter on Line 5 of Tax Computation) e Under penalties of perjury, I declare that the facts I reported above are true, correct and Complete to the best of my knowledge and belief. HOME ( ) WORK ( ) TAXPAYER SIGNATURE -'" --- PENNSYLVANIA INHERITANCE TAX PUREAU OF INDIVIDUAL TAXES INFORMATION NOTICE FILE NO. 21 PD box 280601 pennsytvania AND ACN 12125457 I xARRisauRD PA 17128-0601 pEPAUMEIROFREVENUE TAXPAYER RESPONSE DATE 04-16-2012 It'-1513 E1I err US-IIf TYPE OF ACCOUNT EST. OF KAREN M ULSH ® SAVINGS SSN 174-46-6751 ❑ CHECKING DATE OF DEATH 03-26-2012 ❑ TRUST COUNTY CUMBERLAND ❑ CERTIF. REMIT PAYMENT AND FORMS TO: JESSICA M ULSH REGISTER OF WILLS 4 LANTERN LN 1 COURTHOUSE SQUARE CAMP HILL PA 17011-8456 CARLISLE PA 17013 SUSQUEHANNA VALLEY FCU provided the department with the information below, which was used in calculating the Inheritance tax due. Records indicate that at the death of the abovt•named decedent, you were a joint owner/beneficiary of this account. If you are the spouse of the deceased and any amount other than zero is reflected below on the Potential Tax Due line. note no tax may be due. but you must notify the deppartment of your relationship to the deceased by checking Box C in PART I below and writing "spouse" in PART 2. f you believe the information is incorrect, please obtain written correction from the financial institution, attach a copy to this torn and return it to the above address. Please call 717-787.8327 with questions. COMPLETE PART 1 BELOW aE SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Account No. 9856 Date 07-08-1995 To ensure proper credit to the account, two Established copies of this notice must accompany Account Balance 903,46 payment to the Register of Wills. Make chock V payable to ^Register of Wills, Agent", Portent Taxable X 50.000 NOTE: If tax eents are made within three deC Amount Subject t0 Tax $ 451 .73 months of the doeeaant's data of death, Tax Rate X .045 deduct a 5 percent discount on the tax due. Am inheritance tel: due will became delinquent Potential Tax Due $ 20.33 nine months after the date of death. PART TAXPAYER RESPONSE ID FYl`I+I`_'littrUr'RESPONDAWI'L�:` RE511LT�' N 'tip."QFF�'I�C2"ALL}iAX' ASSESSMENT� 'a'Mru!i're e "'nv- A. The above information and tax due is correct. Remit payment to the Register of Wills with two topics of this notice to obtain CHECK a discount or avoid interest,'or return this notice to the Register of Wills and {{{--- an official assessment will be issued by the PA Department of Revenue. ONE BLOCK B. Tha above asset has been ar will be reported and tax oa;d with the Pennsylvania inhari teneo taw return ONLY filed by the estate reoresantativo. C. 0 The above Snforto ion is incorrect and/or debts and deductions wore paid. Complete PART I2 emote, PART D below. PART If indicating a different lax rate, please state 'f'DZA7. 13� M Epi�LYPa�tAF relationship to decedent: ,, 'g-{ 7x'-iY'-" ^"a-'o"z .'.i"-^' " '7 #. , A `bEPARYTME�M1T0eF,REYENU£ ", TAX RETURN - CALCULATION OF TAX ON JOINT/TRUST ACCOUNTS {,tD "y / 'IT "" � '"" " `"- '/ eais'..... l.' ,r JsY„l r'�-''°.e. LINE I. Date Established 1 "'z{�- �1 k ytf 2. Account Balance 2 $ �;;��*�'�{ `�"r''e"'�" �' b1•"a�t'4"!i'� 5. Percent Taxable s X +�ni •4s,A r^e�w rrsyx ee'+Lit).r's#;oc`Ti 4. Amount Subject to Tax 4 5. Debts and Deductions 5 r"ri g x"-","..-f'g"'A"i�`+`..'-'pr`"'n"' ' l'"Ml'�I°"m`-F7 6. Amount Taxable 6 7. Tax Rate 7 X arysaX?1ik"' tilUtt "a'Sp'.. , �� a�xr?.rot lc ^4:. < A 8, Tax Due PART DEBTS AND DEDUCTIONS CLAIMED DATE PAID PAYEE DESCRIPTION AMOUNT PAID TOTAL (Enter on Lino 5 of Tax Computation) 0 Under penalties of perjury, I declare that the facts I reported above are true, correct and complete to the best of my knowledge and belief. HOME C ) WORK t 3 TAXPAYER SIGNATURF PENNSYLVANIA INHERITANCE TAX BUREAU OF INOIYlDUAL TAXES INFORMATION NOTICE FILE NO. 21 PO BOX 280601 pennsylvania AND ACN 12125458 HARRISBURG PA 17128-0601 prrxRTMEnTOfAEVEmUE TAXPAYER RESPONSE DATE 04-16-2012 01d111 U arP 115.111 TYPE OF ACCOUNT EST. OF KAREN M ULSN ❑ SAVINGS SSN 174-46-6751 ® CHECKING DATE OF DEATH 0$-26-2012 0 TRUST COUNTY CUMBERLAND CERTIF. REMIT PAYMENT AND FORMS T0: JESSICA M ULSN REGISTER OF WILLS 4 LANTERN LN 1 COURTHOUSE SQUARE CAMP HILL PA 17011-8456 CARLISLE PA 17013 SUSQUEHANNA VALLEY FCU provided the department with the information below, which was used in Calculating the inheritance tax due. Records indicate that at the death of the above-named decedent. you were a joint ownerlbeneficiary of this account. If you are the spouse of the deceased and any amount other than zero is reflected below on the Potential Tax Due line. note no tax may be due, but you must notify the de artment of your relationship to the deceased by checking Box C in PART 1 below and writing "Spouse" in PART 2. if you believe veCN ed information I$ Incorrec7 t. lease obtain written correction from the financial institution. attach a copy to this form and return o tle COMPLETE PART 1 BELOW SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Account No. 4856 Date B7-08-1445 To ensure Proper credit to the account, two Established copies of this notice must accompany Remount Balance $ 833.09 payment to the Register of Wills. Make check Payable to "Roaister of Wills, Aoont". Percent Taxable X 50.000 NOTE. ')f tax Payments are made within threw Amount Subjoct to Tax $ 416.55 months of the docodent's date of death, Tax Rate X . 045 deduct a S percent discount an the tax due. Potential Tax Due $ 18.74 Any inheritance tax due will become delinquent nine months after the date of death. PART TAXPAYER RESPONSE . �AILUR�O�REShOIID' WI�L�`al�'�l$�5411I�H�N�i!„�aF�I1�r2ALA'7C�y�AS�SESSNE�tT'` A. The above information and tax due is corroct. Remit payment to the Register of wills with two copies of this notice to obtain 1r- discount or avoid interest, or return this notice to the Register of Wills and CHECK a ONE `}�,y an official assessment will be issued by the PA Department of Revenue. BLOCK B. t$The above asset has bete or will be reported and tax Paid with the Pennsylvania inheritance tax return ONLY hhh/// filed by the estate rapresentatlVO. C. [] The above informo Son is incorrect and/or debts and deductions were paid. Complete PART and/or PART M below. PART If indicating a different tax rate, ploase state "l �q ` CJ,°AjS£ O.�ILY�, 'ymF relationship to docadant; S ' !-, ny r 11 "" ' ' 1 ❑2 PdA EPARTNE TAX RETURN - CALCULATION OF TAX ON JOINTlTRUST ACCOUNTS LINE 1. Date Established 3 t4'„u alx `�rTk �rf `#T' r ,pt$�g , . 'fit�^. a <an 2. Account Balance 2 ''� " 3. Percent Taxable 3 X MTr yre'•t'K".—•n'+ i.32Y yR' r1' •s 4.+e�4�4autt 4. Amount Subjoct to Tax 4 S. Debts and Deductions 5r'a5 6. Amount Taxable 6 $ 6 _ c .3 7. Tax Rata 7 X S. Tax Due PART DEBTS AND DEDUCTIONS CLAIMED a DATE PAID PAYEE DESCRIPTION AMOUNT PAID TOTAL (Enter on Line 5 of Tax Computation) S under penalties of parduryt I declare that the facts I reported above are true, correct and complete to the best of my knowledge and beliof, HOME C WORK C ) TAXPAYER SIGNATURE IV IOUAL TAXES - PENNSYLVANIA INHERITANCE TAX INFORMATION NOTICE FILE NO. 21 BUREAU OF INDIVIDUAL PD Box 266661 pennsylvania AND ACN 12125456 HARRISBURG PA 17128-0601 DEPARTMENT OF REVENUE TAXPAYER RESPONSE DATE 04-16-2012 9EV 15f3 ri Ye (55-111 TYPE OF ACCOUNT EST. OF KAREN M ULSH ❑ SAVINGS SSN 174-46-6751 ® CHECKING DATE OF DEATH 03-26-2012 ❑TRUST COUNTY CUMBERLAND CERTIF. REMIT PAYMENT AND FORMS T0: STEPHANIE M REHMAN REGISTER OF WILLS 4 LANTERN LN 1 COURTHOUSE SQUARE CAMP HILL PA 17011-8456 CARLISLE PA 17013 SUSQUEHANNA VALLEY FCU provided the department with the information below, which was used in calculating the inheritance tax due. Records indicate that at the death of the above-named decedent, you were a Joint owner/beneficiary of this account. If you are the Spouse of the deceased and any amount other than zero is reflected below on the Potential Tax Due line, note no tax may be due, but you must notify the department of your relationship to the deceased by checking Box C to PART 1 below and writing °spouse" in PART 2, if you belicve the information is incorrect. please obtain written correction from the financial institution. attach a copy to this form and return it to the above address. Please call 717-787.8127 with questions. COMPLETE PART 1 BELOW at SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Account No. 1049 Date 09-22-1977 To ensure Proper credit to the account, two Established copies of this notice must accompany payment to the Resister of Wills. Make check Account Balance $ 4,074.07 payable to "Register of Wills, Agent". Percent Taxable X 16.667 NOTE: If tax ainneents are to o within three Amount Subject to Tax $ 679.03 months of the decedent's date of death, Tax Rate X .0445 deduct o 5 Poreant discount an the tax due. Any inheritenoe tax due .111 neeoma delinquent Potential Tax Due $ 30.56 nine months after the data of death. PART TAXPAYER RESPONSE FAI1'URE(pkRE7jPON'Di11J, RE�§I1L' to-.I �1 ,2"Cw'.Iry;"7A5C"A�SSsSM£til; .�++a., >}�hti .tsl�Y .!t...-s:. �'s,•s.�n1 4 .s�i -A i as n r Win... s:n.r.. A. 0 The above information and tau due is correct. Remit payment to the Register of wills with two copies of this notice to obtain CHECK a discount or avoid interest, or return this notice to the Register of Wills and ONE ! an official assessment will be issued by the PA Department of Revenue. BLOCK J B.X The above asset has boon or will be reported and tax Paid with the Pennsylvania inheritance tax return ONLY filed by the estate representative. C. [3 The Above informAlon is incorr and/or debts and deductions were Paid. Complete PART 2 and/or PART t3i below. .?� �.S PART If Indicating a different tax rate. Please state In C�.13trLL`'1S`E NLkY�A`[l AA`F O relationship to decedent: 3fi' v PA`77EPJ1TtI MEf�T OFNRE1f_, NU TAX RETURN - CALCULATION OF TAX ON JOINT/TRUST ACCOUNTS ptp73'x? ry ct' LINE 1. Date Established 1 e` r.k'�.. SRMI ?d 3+.wr..'.v�d� ' ik Val_ 2. Account Balance 2 3. Percent Taxable 3 X k. Amount Subject to lax 4 $ � y'4aR^ '�P"s: t }.'wt7`PS^F ` " i FR S. Debts and Deductions 5 y"�Ty.v�. .,✓�.f s'Yt&nPi.� � .N! A.:J4"J 6. Amount Taxably 6 7. Tax Rate 7 dvra"i`z%x'`-""T" r.? %•�'i ;"a. t...",': 8. Tax Due Y.)'. -�i.•.t�..b.('*'.�:�t°Y}Y:.a:N.CN�.'1.1.'_w:L rY-i.�a i:_.e:=✓�'�Y'+`N PART DEBTS AND DEDUCTIONS CLAIMED DATE PAID PAYEE DESCRIPTION AMOUNT PAID TOTAL (Enter on Lino S of Tax Computation) a Under penalties of perjury, I declare that the facts I reported above are true, correct and complete to the best of my knowledge and belief. HOME t, 3 WORK C > TAXPAYER SIGNATIlPr MassMutual Special Statement F INA N C I At G 0 NP Tut RIVE CHIP camP.xies- (Form 712 Not Applicable) .achuxcs;FLHUeI Litt 4vm:ua Conycny "Id:114,11i d[M,.in Srw:;pndd hti: 01111-MM Instructions Please use this form for Estate Tax Purposes covering Annuities and Statement Accounts. This form is to be filed by the Executor with Federal Estate Tax Return 706. W:M[qP DIXWEN 1- IM IF.OF 01.A r11 Karen M Ulsh 03-26-2012 IA CONTRACT NU61HiiRlS _� la DECEASED'S PAYEE.A.CT NO TRN44313752 ! lY,tti"i Vi IlRE(iI:IGINAI..I.I'A CLAIM Pit10R i0THE DEATfi OFTHC-,A[lOVFi DECEDENT? Na Yes By reason of: -_I Surrender 'L..i Matured Endowment or Annuity i1V Death of Insured or Annuitant A 'C1'f'C OF t'UN'PiIACI OR!NSTALLM111iN Y'S Variable Annuity WIIA I 1":'f.(lh R(BHT i DID THE DF.GDEN I FlAVG T(1\\'1111DRA\t',COMB U'IS OR SURRGNnER CONTRACT? None i� Full Rights , Other(explain): A OEAT!ZKINERCTARY(ILM AND RELATIONSI!111 TODP,(:EDEYr see attached II?J.WI L'R Or:ATI1 nLNl.l II ilr.PAYAJLE'r J one Sum Installments(as follows): \ I,. 'iP!COFIIGHTti DOESI'Hrni:Ni.ii MARY IiAVi3 TO WITHDRAW 4ROCEEDSOR COCMAMtrl'ErgTAL'MFNTS' None -: Full Rights I 1 Other(explain): V b:M1i_t1G Oi CON'I 10.C'T AS OP i;,11'G OF DEA'Ri 44. fNDiCA:CE hA5(ti OF VAUTATION OF IN ITAI,i,iblPtvT CiENEF'ITS $161,600.22 10 nDi)I TI(1NA1,hFM11ARK::' fhe undersigned officer of the above named Insurance Company hereby certifies that this statement sets forth correct and IRIC information with respect to the contract indicated herein. sraNnTl RE n rLE n;;rp. Vice President 06-05-2012 ,:5nupony by/mrl.n•r 1,roe rrbnve lq7.,runnn,;.ramuav r Hr:nlurr reap varrlrre, rmlull.•m;)r: ftl F' ..r. :he nhn�cou ice. rJr ornl.!a! 1h, 03/09/2012 09:28 7177309946 UFINANCIAL PAGE 02/05 MaisMutual FIRAiCIAL GROUP' March 2, 2012 DEBC RAH E.PAJAK AGEI`CY 037- CAMP HILL SUITE;201 100 C DRPORATE CENTER DR CAME'HILL, PA 17011 Re:C mtract/Ccrtiftcatc:TRN44813752 Dear)ZXR ;N M ULSH: We rc ecivcd a request to change the beneficiary on the contract/certifeate referenced above. Our records have I-wt updated to reflect the following: Primary Beneficiary: MARK S ULSH,STEPHANIE M RF..HMAN, STEPHANIF.M REHMAN CUST FOR JBSSECA M ULSH&MATTIdTW S ULSH. Contingent Beneficiary: Pleas( file this letter with your contracticertiffcate. Massa 4utual. Annuities values the opportunity to assist you in the pursuit of your financial goals. If we can bu of futltcr assistance, please call our Annuity Service Center at(800) 272-2216 (press 2), Monday tbroui;h Friday, between 8 a•in. and 8 p.m. Fastem time,or visit www.niassmutual.com/annuities on the Intem et. Since cly, Anne ty Customer Service Mn55Mutusl Financial Group i5 s marketing designation(or fled name)for Mnmachusdls Mutual Life tnsuranm Company(Memmutuan and its afGlialm. Annuity prnducls arc issued by Maasocliuscas Mutual Life Jnsurance Company, C.M.Lira lnsurancc Cnmpany,and MML Buy Stale ule insurance Cempnny. 737 PA IAK DEBORAH n.03/03/2012 Massm mmm Mutual life tnsdmnce Company and[dtilimes SpdngSleld.MA 01111 0001 (413)788-8411 ' f � $11 .25 L US POSTAGE OrO PRIORITY MAIL � 077V006918"S mfini 17109 . 7012 1010 '0002 0234 0957 LY • Rate •' iling Envelope • = omestic and International Use . • '" is at usps.com •• 'ExpLditeur. 5011 Locust Lane Harrisburg,PA 17109 TO: Register of Wills Cumberland County Courthouse One Courthouse Square Carlisle, PA 17013 IQ- June 5, 2013 Register of Wills °°� 01 o � Cumberland County Courthouse _ m, 2 C rr, One Courthouse.Square = rn m '" Carlisle, PA 17013 (nn- mo m RE: Estate of Karen M.Ulsh c -n SSN: 174-46-6751 r m Date of Death: March 26,2412 n o m "n File Number: 21-12-0453 Ladies and Gentlemen: Enclosed for filing with your office please find two (2) completed Form REV-1500 with the following attachments: • Date of death valuations; and Copy of the Last Will and Testament of Karen M. Ulsh. Also enclosed for filing with your office is one (1) original Inventory for the above-referenced Estate, and a check made payable to Register of Wills in the amount of$30.00 for filing fees. Please advise if any additional fees or expenses are due with regard to this matter. One(1)additional photocopy of the front page of the completed REV-1500 form and one (1)additional photocopy of the front page of the.completed Inventory '( for the Estate have been provided. Please time/date stamp these copies as received '•_ and return them to me in the envelope provided. If there are any questions or further requirements regarding this return, please do not hesitate to contact me. ery truly yours, "' Amy M. Moya Enclosures 5021 Locust Lane • Harrisburg,PA t7104 • Phone 717.652.7323 Fax 717.652.7340 • susan@1edererlaw.com www.ledererlaw.com