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� 1505610105
REV-1500 EX(02-ii)(FI) OFFICIAL USE ON�Y
PA Department of Revenue pennsylvania
Bureau of Individual Taxes OEh�TMCMTOIN[VEMUE County Code Year File Number
INHERITANCE TAX RETURN � � �� � - ��� ��� " � ���������� � l_��� �������
Po Box z8osoi RESIDENT DECEDENT ���/
Harrtsbur PA� 128-0601 �� �� ' � �
,
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY
; ; 03/30/2013 10/03/1926
3
i........................................�._.,.,,..._.,_.,..,, ..,,,......... ..._.,.......... _«.,.,..,;': ,.,,,.,,.... .,.,.........._...,.,,,.,.,....,......,,..,,..,.....,._._..,...,.,,..,._,.,., ....,.... .,,,,..,.�..... .,........:..,....... .......
Decedent's Last Name Suffix Decede�Ys First Name MI
___.�....�...... .......... �..r.....,.. ...._._...... .... ...._......_..._. ..��.._.._ .._......_ ___�_...,v __.�....� ._._.. ._...... � __. ._._._.__.._.�._..__.......m. .__.. _....�. _
£ r.__ --- -;
; � �
3 Lorenz : ; � Thomas ; C
,
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(If Applicable)Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name MI
_ ._v.__. �..�....._ .. �.... .._..�._..___.�_.._ ......� ..... ......_.._ ......_._ ._._.._..___.....
_ _._ _.
,Lorenz �
' Katharine F P i
I ............. ____. ......._. ........_ .____ .._._... ......._ ......... .._._._ , 3......_. ___._ ...._'s :._,...,.....m........,...W..,,.._..,_....,,..,.,,,..,..,. ..,,,........,,.....,....«...,._,...,,_. ,.,..,...,.,.,. ......_,....,.,,.,,.,,...: �:Lh.,..,,.,�.�...�
Spouse's Social Secunty Number
..�_x..�..__._._.�� ..._.__. . THIS RETURN MUST BE FILED IN DUPUCATE WITH THE
i a�,(� `��� ��d� REGISTER OF WILLS
FILI.IN APPROPRIATE OVALS BELOW
� 1.Original Retum O 2.Supplemental Retum O 3. Remainder Retum(Date of Death
Prior to 12-13-82)
p 4.Limited Estate O 4a.Future Interest Compromise(date of O 5. Federal Estate Tax Retum Required
death after 12-12-82)
C� 6.Decedent Died Testate O 7.Decedent Maintained a Living Trust 8. Total Number of Safe Deposit Boxes
(Attach Copy of Wiii) (Attach Copy of Trust.) +���
�.,..,
O 9.Litigation Proceeds Received O 10.Spousai Poverty Credit(Date of Death O 11. Ele to Tax under�c.91��
Between 12-31-91 and 1-1-95) (A �edule O) i"�'1 ,
CORRESPONDENT— THIS SECTION MUST BE COMPLETED.ALL CORRESPONOENCE AND CONFIDENTIAL TAX INFORMATI(� LD BE DI ED �
Name Daytime T��mbe� ���
....�.,._... �..,.._..___..__..__... .,... .._..._._ _......�..�. ........ __.�.� ....... ...... _....... _...�__ �
302 5 �� ~ � � '
Steven T. Lorenz ( )
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REG� �t�IILL ONL�
� � �
q +C �.,,�, ".�`
: � 1'V ��.,,.
First Line of Address � '
�...�.._.�..______..�.....�..___..._._...�__...�.. _....�� . ,,.........� . ..._.. ..__�__... __�._.... ........ ___............ .............. , � �
t 1004 Stanford Street
�
�._..__�..�.____.�.._.__��_........�.�__._._____. _. . . .__ .�_ ______ ___..._ .., _._.._... v.... . ...:..
Seconc�Line of Address
_
_
_ _ ___ __ __ ,
:=Unit 6
_._...,�_._........... ..... ..._.�.... �.� , .. . _ .�..., . �.._.�. .. .„ ._.. _..�,,..,, ___._..._._.... ..._�. DATE FILED
City or Post Office State ZIP Code
'Houston : TX '.: ���:77019 ��
Correspondent's e-mail address:steve.lorenz a�comcast.net
Under penalties of perjury,!deciare that I have examined this retum,induding 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 infonnation of which preparer has any knowledge.
SIGNA OF PERSON RESPO IB�E FOR FIUNG RETURN DAT
.�
ADDRESS
1004 Stanford Street, Unit , ouston,TX 77019
SIGNATURE OF PREPqRER OTHER THAN REPRESENTATIVE DATE
ADDRESS
P�EA8E USE ORIGINAL FORM ONLY
Side 1
�
1505610105 1505610105 J
�
.
� 150561�2�5
REV 1500 EX(FI)
DecedenYs Social Security Number
,____ _ _ __ _....... ____.. _ _.__ _
��ae�rs Name: Thomas Cook Lorenz �
RECAPITULATION
1. Real Estate(Schedule A). ............................................ 1. ._�.._.. �M._._._w _.,...w._..._�...,_._.,..�....,�.,.,_..����
2. Stocks and Bonds(Sc�edule B) ....................................... 2 .... .._ .. . .....� _.._,.....�_.m.....,�_.. ..
'. 0 00
3. Closely Held Corporation,Partnership or Sole-Proprietorship(Schedule C) ..... 3. ! 0.00 `
4. Mortgages and Notes Receivable(Schedule D)........................... 4. •
0 00
5. Cash,Bank Deposits and Miscellaneous Personai Property(Schedule E)....... 5. ; 56,907.97 '�
6. Jointly Owned Property(Schedule F) O Separate Billing Requested ....... 6. ' 0.00 ti
_.. .__._..__... ....._ ..._._ .__._.... _._.__._ ...�.. _..
7. Inter-�vos Transfers 8�Miscellaneous Non-Probate Property
(Schedule G) O Separate Billing Requested........ 7 ! 0.00 :
8. Total Gross Assets(totai Lines 1 through 7)............................. 8. 5G,907.9T ;
9. Funerai Expenses and Administrative Costs(Schedule H)................... 9. 0.00
10. Debts of Decedent,Mortgage Liabilities and Liens(Schedule I)............... 10. :
0.00
11. Total Deductions(total Lines 9 and 10)................................. 11. 0.�
12. Net Value of Estate(Line 8 minus Line 11).............................. 12. 56,907.97 `
�.�...���.._ _.��.... .........� _...N.�.�._a���.. .�.�v.� �,
13. Charitabie and Govemmentai Bequests/Sec 9113 Trusts for which , �
an election to tax has not been made(Schedule J) ........................ 13. 0 00
14. Net Valus SubJect to Tax(Line 12 minus Line 13) ........................ 14. 56,907.97
TAX CALCULATION-SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxabie
at the spousal tax rate,or _
_..... ._ . _ . . __ ._ .. _ .__ . _ _ _ .
transfers under Sec.9116 56,907.97 �
(a)(1.2}X A_ 15. ; 0.00
. .. ..... , _,, _. . .. .... .. ... . n. . , ._. . , .... . . . .. _. ..,r.
16. Amount of Line 14 taxable
at lineal rate X A_ 0.00 1 g.; 0.00
,r,.... . .�.�.,. __:�.�. ,._,..:. . -,..x�n, �»�� �.... n., ..... _. .. . .., ,�. � .,. ,. ...... _..�.�.
_ .._ __
17. Amount of Line 14 taxable ; '
at sibling rate X.12 0.00 ;. �7.; 0 00 �
____ ..___ _.� ..__... w,�_._.._.�M...___..._�„� ..�._..._ ,...._�__ ._ _. . .
18. Amount of Line 14 taxable `
at collaterai rate X.15 0.00 �g.; 0.00 '
' ; � _..,..�..��...._....�....._a..�..�...., _
_ __. ____ _ _ .__ . . ._.._ ._. ti..�....v..._��. �.�_.._�_ ____A... ..R..;
_ ,
' 0.00
19. TAX DUE......................................................... 19.!_m___..__.____.._._�._.__..____�.__...._.�__._._________.�_._...
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT O
Side 2
� 1505610205 15056102D5 J
' REV 1500 EX(FI) Page 3 File Number
Decedent's Complete Address:
DECEDENTS H�ME
Thomas Cook Lorenz
STREET ADDRESS
325 Wesley Drive
CITY STATE Z�P
Mechanicsburg PA 17055
Tax Payments and Credits:
1. Tax Due(Page 2,Line 19) (1) 0.00
2. Credits/Payments
A.Prior Payments 0.00
B.Discount 0.00
Total Credits(A+g) (2) 0.00
3. Interest
(3) 0.00
4. If Line 2 is greater than Line 1 +Line 3,enter the difference. This is the OVERPAYMENT.
Fill in oval on Page 2,Line 20 to request a refund. (4) 0.00
5. If Line 1+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.
�:�.�.� .:��.... .,::.:.: , �.�.:..-. _.�.y�;�..,. , n„-....,»+. ,�;:� .3�..a a �..:.... .... .:z c , .�.;;a ..,t � �C�S c �-.:y.� �;.
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-�a �t. ,,3r ; i. w ...,1:-1 a��..�; .s Y } ° l ..s_'L Y b't�'r�';� s 7.:.�.R � ..;:r3 $ ,;�.� � f�i a'a.=, Er�• _;"�+R'�� `� -, ??�'.:� ..���r _ ...�, .'..�, ...
:: ' . f . �� � � - � .�F.� .w i........ �.... .........,...�. S..a.... .x _ �.:...
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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 interesl.............................................................................................................................. ❑ �
d. receive the promise for life of either payments,benefits or care?...................................................................... ❑ �
2. If death occuRed after Dec.12,1982,did decedent transfer property within one year of death
without receiving adequate consideration?.............................................................................................................. ❑ �
3. Did decedent own an"in trust for"or payable-upon-death bank account or security at his or her death?.............. ❑ �
4. Did decedent own an individual retirement account,annuity or other non-probate property,which
containsa beneficiary designation? ........................................................................................................................ � ❑
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES,YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
�._-;s 'k .-,�;^� �y r ., .. .p.�:7�y r �a �;' :�,._w # _:�:. � b�.:a �,�.�y�ri ,:�l,r �':�«a �"�� a
�i�� .,...i:t �y.� ar ?..;�_rz" ;.a'�c�`n��.,-SR a ,.;_��+ .;� ?c,,.:.. r +:�t� �; '� �, y �, * r� ;;,^.. , r,.
,hl+ � .^�` s w �c.,a.....��. � ,�ha, i .a, � b.�.z .n ._..,�3�.��...'e _ ., d_ .,..,�.5. .......j f_�+3. . L4., x
� �i I^-.� `kK �' '� '�� �.. x1 �.�� x, 9 . .. w,,,. .r. ...A... n «x..�...�...,...-..
...�.,.� . .......-,,�?'�_,5..�'�h.a.�....,a .�1...._.:a��.�.,'`x., ,...�,.ac,a.._<< �_.. .. ...,., . ._.__..... _.,.:.r.���.. .__....�.3.�,
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)j.
For dates of death on or after Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent
[72 P.S.§9116(a)(1.1)(ii)].The statute does not exempt a transfer to a surviving spouse from tax,and the statutory requirements for disdosure of assets and
filing a tax retum are still applicable even if the sunriving 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(l2 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)('4.3)].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 adoqtion.
.
• REV-iso8 IX+(o8-u)
� pennsylvania SCNEDVLE E
DEPARTMENTOFREVENUE CASH, BANK DEPOSITS &MISC.
INHERITANCE TAX REfURN PERSONAL PROPERT1(
RESIDENT DKEDENT
ESTATE OF: FILE NUMBER:
Thomas Cook Lorenz 21-13-1262
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointly owned with right of wrvivorship must be disclosed on Schedule F.
�M VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
,:. ,. __
�,' Fidelity Investments IRA#26P-100137 payable to the Estate 56,907.97 `
TOTAL(Also enter on Line 5, Recapitulation) $ 56,907.97
If more space is needed,use additionai sheets of paper of the same size.
� REV-1510 EX+(08-09)
` � pennsylvan�a SCH E DU LE G
DEPANTMENT OF REVENUE INTER-VIVOS TRANSFERS AND
INHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY
RESIDENT DE{:EDENT
ESTATE OF PILE NUMBER
Thomas Cook Lorenz 21-13-1262
This schedule must be completed and filed if the answer to any of questions i th�ough 4 on page three of the REV-1500 is yes.
�M DESCRIPTION OF PROPERTY DATE OF DEATH 96 OF DECD'S IXCLUSION TAXABLE
ma.we TMe wu�aF�rt��,n�ms�a�rnv Tu oc-c�oaar allo
NUMBER �o�a�swws�.�rncH�covv oF�►r�o�n�oa�u EsrA�. VALUE OF ASSET INTEREST a�tc�etF VALUE
i. Fidelit�r Investments IRA#2BP-100137 payable to the Estate �,907,g7 100 56,907.97
TOTAL(Also enter on�ine 7, Recapitulation) $ 56,907.97
If more space is needed,use additional sheets of paper of the same size.
,� . � �
aECO�aE� ���M��� ��
�E��s��:, a� ��.��..�..s
�(l13 P�;�U 2? p� � � ST �ILL AND T$STA�NT
OF
CLERK fi��
0 R P N a�S' G 0 U R T Tso�s C. Lo�xz
���1�3.E.R L..�t�� C a.. PA �
I, T80�AS C. LOR�TZ, now of 8 Cypress Place, Camp Hill,
Cumberland County, Pennsylvania 17025, do publish and declare this
to be my Last Will and Testament, hereby revoking all other prior
wills and codicils made by me.
FIRST: Familv Backarouad aad Ap�aoiatmeat of 8xecutor.
(A) Family aad Backarouad =aformation. I am married to
RATS$RIN$ P. LORSNZ. The children of our marriage are STSV�T T.
LOR$NZ, CRAIG R. LORENZ, and BRIAN R. LORENZ. Throughout this
Will, RATHERINE P. LORENZ will be referred to as "my wife" or "my
spouse" and ST$VEN T. LORENZ, CRAIG R. LORENZ, and BRiAN R. LORSNZ
will be referred to as "my children�� . The word "issue" will
include my children as well as my other descendants.
(B) A�apointment of Executor. I appoint as my Executrix and
successor Sxecutors (all hereinafter referred to as Executrix,
Sxecutor or Executors) under this Will, the following named persons
or corporations to serve without bond and without being required to
account to any Court:
Executrix: My wife, KATSERINE P. LORENZ.
Successor Executor: My son, STSVEN T. LOR$NZ. �
Secoad Successor Executor: My son, BRIAN R. LORENZ.
SF3CONDz � Fuaeral aad Last Illaess Exvenses; Taxes.
(A) Exveases of Fuaeral and Last Illaess. Notwithstanding
that my spouse survives me, I direct my Bxecutor to pay my funeral
expenses and the expenses of my last illness from my estate.
(8) Taxes. I direct my Executor to pay any and all estate .
inheritance, succession, legacy, transfer and other death taxes <<r
duties, by whatever name called, including any and all interest and
penalties thereon, imposed under the laws of any jurisdiction by
reason of my death, upon or with respect to any and all property
��'.'
� ;
• � . .
LAST WILL AND TESTAMENT
OF
T80MAS C. LORENZ
PAGE 2
included in my gross estate for the purpose of such taxes, whether
such property passes under or outside of this Will, out of my
residuary estate, without being prorated or apportioned among or
charged against the respective devises, legatees, beneficiaries,
transferees, or other recipients of any such property or .charged
against any property passing or which may have passed to an�r of
them. The Executor shall n,ot be entitled to reimbursement for any
portion of any such taxes from any such person.
TSIRD: Taaaible Persoaal Prouertv. Sxcept for those items
excluded below and those items enumerated in the Letter of
Instruction, I bequeath to my spouse, RATSERINE P. LOR�TZ, all
tangible personal property, including but not limited to clothing,
jewelry, heirlooms, furniture, personal effects, motor vehicles,
and all other similar articles, which I own, and the insurance
thereon, if my spouse survives me by sixty (60) days. Tangible
personal property shall not include: (1) any and all property used
by me in any business, (2) cash on hand or on deposit in banks, (3)
stock or securities, (4) any type of evidence of indebtedness, and
(5) any life, health or accident insurance policies.
If my spouse is not living on the sixty-first (61st) day after
my death, I bequeath such tangible personal property to my
children, STTVSN T. LORSNZ, CRA=G R. LORENZ, and BRIAN R. LOR�TZ,
living at the time of my death, to be divided among them as they
may select, with the first individual to select having drawn the
shortest straw of three (3) straws and the last individual to
select having drawn the longest straw of three (3) straws. The
first person to select a straw shall be a random choice determined
by another party selected by a majority of my children. If my
spouse and my children do not survive me, I leave such tangible
personal property to the issue of my children, per stirpes, with
the selection to occur as listed above. If there is any
disagreement as to distribution, I direct my Executor to make such
distribution. The decision of my Executor shall be final and
binding. Any items not selected or any items which my Fxecutor
considers unsuitable for my children may be distributed or sold in
the sole discretion of my Executor and, if sold, the net proceeds
therefrom shall be added to the residue of my estate. Any such
article allocated to a minor may, as my Executor deems advisable,
either be delivered to the minor or to any person to safeguard on
behalf of the minor.
.f-��` ��,��� .>
�
,. ,
A•
_ __
• . , � . .
LAST WILL AND TBSTAMENT
OF
THOMAS C. LORSNZ
PAGF 3
Notwithstanding any other provisions in this Article THIR.D, I
may leave a separate, dated and unsigned Letter of Instruction,
which I shall place with my Will, containing directions as to the
ultimate disposition of certain of the property bequeathed under
this Article THIRD, and such Letter of Instruction shall determine
the distribution of such items.
FOIIRTH: Familv Some. The family home, now at 8 Cypress Place,
Camp Hill, Pennsylvania, may be distributed to any of my children
to be used as their place of primary residence. This property is
not to be rented or treated as rental property. Any child which so
selects the family home shall have this election treated as part of
their portion under my residuary estate. If the electing child's
share .of the estate is less than the value of the residence, then
the child shall contribute the difference to the other children in
order to receive this property. If my children predecease me or do
not elect to receive the distribution of this property, then the
$xecutor is directed to sell the residence and add the proceeds to
the residue of my estate.
FIFTH: Residuarv Gifts.
(A) If my spouse, RATSERINE P. LORENZ, survives me, I give,
devise and bequeath all the rest, residue and remainder of my
estate, of every kind and character, real, personal and mixed,
tangible and intangible, and wherever situated, including any
lapsed or renounced legacies, devises or residuary bequests (and
including any property over which I may have a Power of
Appointment) , to my spouse, KATHERINS P. LORENZ.
tS) If my spouse, KATHERINE P. LORENZ, does not survive me,
I give, devise and bequeath all the rest, residue and remainder of
my estate, of every kind and character, real, personal and mixed,
tangible and intangible, and wherever situated, including any
lapsed or renounced legacies or devises (and including any property
over which I may have a Power of Appointment) , as follows:
(1) One percent (1�) of my residuary estate shall be
distributed to CHRIST PRESSYTERIAN CBIIRCH, Camp Hill,
Pennsylvania, one-half of which shall be distributed to
the Minister' s discretionary fund, and the remaining one-
half to be used in the discretion of the governing board
•'�(,i' �/�i��,
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�
• , , , , .
,
LAST �PILL AND TTsSTAMENT
OF
THOMAS C. LORRNZ
PAGE 4
for outside landscaping. This distribution shall be
considered to be made by me and my spouse, KATHERINE P.
LORENZ.
(2) One percent (1�) of my residuary estate shall be
distributed to the WEDNSSDAY CLUB OF SARRISBURG, for its
scholarship fund,to be used in the discretion of the
governing board for scholarships for voice students. This
distribution shall be considered to be made by me and my
spouse, KATgERINS P. LORENZ.
(3) One percent (1�) of my residuary estate shall be
distributed to the FOOD PANTRY OF SARRISBURG,
PSNNSYLVANIA, to be used in the discretion of its
governing board. This distribution shall be considered to
be made by me and my spouse, RATS$RINS P. LORENZ.
(4) One percent (1�) of my residuary estate shall be
distributed to the HELP �INISTRY, MINISTRY OF CBRISTIAN
CBIIRCHES UNITED, Harrisburg, Pennsylvania, to be used in
the discretion of its governing board. This distribution
shall be considered to be made by me and my spouse,
RATBERINL P. LORBNZ.
(5) Thirty-Three percent (33�) of my residuary
estate shall be distributed to my son, STEVE'I�T T. LORENZ,
per stirpes. If and in the event that STEVBN T. LORhNZ
predeceases. me without surviving issue, then his share
shall be distributed, in equal shares, to my surviving
issue, per stirpes, provided that, in the event that
there is a Trust under this instrument for any of my
children or their issue, then this share shall be added
to such trust and administered according to its terms.
(6) Thirty-Three percent (33$) of my residuary
estate shall be distributed to my son, BRIAN R. LORENZ,
per stirpes. If and in the event that SRIAN R. LORENZ
predeceases me without surviving issue, then his share
shall be distributed, in equal shares, to my surviving
issue, per stirpes, provided that, in the event that
there is a Trust under this instrument for any of my
children or their issue, then this share shall be added
,
� �
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✓ .
LAST WILL AND TESTA�sNT
OF
THOMAS C. LORENZ
PAGE 5
to such trust and administered according to its terms.
(7) Thirty-Three percent (33$) of my residuary
estate shall be held, IN FURTHTR SFPAR.ATE TRUST, by the
Trustee hereinafter named, for the benefit of my son,
CRAIG R. LORENZ, subject to the following terms and
conditions:
(a) The Trustee may pay, in the Trustee's
sole discretion, income or principal, as may
be necessary for the health, education,
support and welfare of CRAIG R. LOR$NZ. In
determining the amount which shall be
distributed, the Trustee shall consider other
sources of income or assets available to CRAIG
R. LORENZ. Such sources may include, but not
be limited to, wages, tips, bonuses, gifts,
public or private forms of assistance,
charities, prizes, benefits, or inheritances,
� with the provision that the annual
distribution shall not exceed eight percent
(8�) of the gross trust value as determined on
the first business day in January of each
year, with the exception that the Trustee, in
the Trustee:s sole discretion, may provide �
unlimited distributions for hospital or other
medical care, with the understanding that my
intent is to provide a secure lifetime source
of income and benefits for CRA=G R. LORENZ.
(b) The Trustee shall pay all benefits,
to the extent possible, to the third party
vendor.
(c) The Trust�e may make lump sum
payments for the purchase of a car, a house or
other valuable necessity as may be decided
solely by the Trustee. The Trustee may also
purchase such assets have the assets held
under this Trust.
(d) This trust shall terminate upon the
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LAST �ILL AND T$STAM�NT
OF
T80�AS C. LORENZ
PAGE 6
death of my son, CRAIG R. LORBNZ. Upon
termination, the Trustee shall distribute any
assets under this trust, in equal shares, to
the issue of my son, CRAIG R. LORENZ, per
stirpes. If and in the event that CRAIG R.
LORENZ predeceases me without surviving issue,
then his share shall be distributed, in equal
shares, to my surviving issue, per stirpes,
provided that, in the event that there is a
Trust under this instrument for any of my�
children or their issue, then this share shall
be added to such trust and administered
according to its terms.
(C) Distributions Duriag Admiaistratioa. Prior to final
distribution of my estate, the Executor, in his discretion, may
make partial distributions to one or more beneficiaries or Trusts.
As a consequence, the 8xecutorship and any Trusts created under
this Will may exist contemporaneously. A distribution may be made
subject to any indebtedness or liability of my estate.
SIRTS: Spendthrift Provisioa. No beneficiary shall have the �
power to anticipate, encumber or transfer his or her interest in
the estate in any manner other than by the valid exercise of a
power of appointment. No part of the estate shall be liable for or
charged with any debts, contracts, liabilities or torts of a
beneficiary or subject to seizure or other process by any creditor
of a beneficiary.
SEVENTB: Aupoiatmeat of Trustee aad Successor Trustees.
(A) Nomiaatioa. I nominate, constitute and appoint CO�LTNITY
TRUST COMPANY, a Pennsylvania registered Trust Company, to act as
Trustee of all Trusts created by my Will.
(B) Comflensatioa. The Trustee (s) shall receive as its
compensation for the services performed hereunder that sum of
money, based on a percentage rate, which the Trustee (s) normally
and customaril� charges for performing similar services during the
time which it performs these services.
(C) Removal of Trustee. A majority of the current
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LAST WILL AND T$STAMENT
OF
THOMAS C. LORSNZ
PAGE 7
beneficiaries may remove the Trustees, or any of them, at any time
or times, with or without cause, upon thirty (30) days' written
notice given to the Trustees. Upon the removal of a Trustee, a
successor Trustee (s) shall be appointed in accordance with the
terms set forth below.
(D) A�anoiatmeat of Successor Trustee. The Trustee may resign
from the Trust without the necessity of any Court proceeding at any
time upon thirty (30) days' written notice given to the current
benef iciary or benef iciaries (including a benef iciary's natural or
legal guardian or legal representative) , hereunder. Upon the
death, resignation, removal or incapacity of the Trustee, a
successor trustee may be appointed by a majority of the current
beneficiaries. Any successor trustee shall be a financially sound
and competent corporate trustee. Any successor trustee thus
appointed, or, if the Trustee shall merge with or be consolidated
with another corporate fiduciary, then such corporate fiduciary,
shall succeed to all the duties and to all the powers, including
discretionary powers, herein granted to the Trustee.
(S) Beaeficiarv's power to direct iavestmeats. Each
Beneficiary shall have the power in a fiduciary capacity to direct
the Trustee hereunder to purchase, sell, exchange, or otherwise
acquire or dispose of assets.
During each Beneficiary's lifetime, the Trustee shall not
exercise any of the Trustee's powers over these matters without
receiving written directions from the Beneficiary. Notwithstanding
the Beneficiary's authority or the Trustee's limitations, contained
in this section, if the Trustee, in the exercise of its fiduciary
duties, is required (1) to make a discretionary or non-
discretionary distribution to a trust beneficiary, (2) to pay
trustee's f ees, (3) to pay any taxes relating to the trust, or (4)
to pay any other costs or disbursements relating to the trust, the
Trustee shall provide the Beneficiary written notice of such
payment and an estimate of the liquidity requirements, and the
Beneficiary shall have fifteen (15) calendar days (from the mailing
of the notice) to advise the Trustee which trust assets to
liquidate in order to make the payment and meet the liquidity
. requirements. If the Beneficiary dQes not provide the advice to
the Trustee within the f if teen (15) day period, then the Trustee is
authorized to liquidate those trust assets which it deems
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LAST �ILL AND TESTAM$NT
OF
THOMAS C. LORFI�TZ
PAGE 8
appropriate to meet the liquidity requirements based on the Uniform
Prudent Investor Act.
During the Beneficiary's lifetime and unless the foregoing
powers have been relinquished, the Trustee shall have no duty to
review investments or to suggest investments and shall not be
liable to any beneficiary of this trust or any heir of the
Beneficiary for losses resulting from such investments or from
failure to make investments while the Beneficiary retains these
powers.
Beneficiary may release his power to control trust investments
by written instrument delivered to the Trustee and may reassume the
power at any time be written instrument delivered to the Trustee.
If Beneficiary dies or the Trustee received certificates of two
state licensed physicians that Beneficiary cannot exercise any of
these powers, Beneficiary shall be deemed to have released the
powers and the Trustee shall have full power to take any such
action. Beneficiary shall be deemed to have reassumed the powers
if the Trustee receives certificates from two licensed physicians
that Beneficiary has recovered the ability to exercise the powers.
Beneficiary acting under this clause shall be deemed to have
waived the doctor-patient privilege to the extent necessary to
implement this clause. Any person may transact business with the
Trustee without inquiring whether the Beneficiary has directed the
action and without inquiring whether the Beneficiary has
relinquished or become unable to exercise the power.
(F) Iacoraoratioa of IIniform Prudeat Iavestor Act. The
Trustee shall be subject to the Uniform Prudent Investor Act (the
"UPIA") as if the UPIA had been enacted in the Commonwealth of
Pennsylvania in the form promulgated by the Commission on the
Uniform State Laws in its exercise if any power to manage and
invest the assets of the trust.
The trust total investment return will be determined primarily
by the trust's asset allocation; not market timing or active
management in security selection. I believe that the trust should
diversify its investments with regard to assets classes and
individual securities to avoid uncompensated risk.
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LAST WILL AND TESTAMFNT
OF
THOMAS C. LOR�SrTZ
PAGF 9
I do not intend to prohibit the Trustee from engaging in �
active management of trust assets where the Trustee reasonable
believes active management can aid in achieving the desired balance
between risk and return.
(G) Creatioa of Investment Policy Statemeat. I direct that
any Trustee, other than the Beneficiary, in managing and investing
the assets of the trust estate, establish, in writing, an
appropriate investment policy statement. The investment policy
statement shall be reviewed and updated at least annually.
(H) Samlovment of Investmeat Couasel. The Benef iciary may
retain professional investment counsel of the Beneficiary' s choice;
provided, however, a counsel so selected shall be either registered
as an investment adviser with the U.S. Securities and Excha.nge
Commission or a state chartered or national bank with fiduciary
powers. If investment counsel is retained, the Trustee shall abide
by the counsel's decision but shall not be held liable or otherwise
surcharged for losses directly attributable to investments made on
the investment counsel's advise. While the Beneficiary retains
investment counsel, the Trustee shall not be required to review
trust investments or take action on trust investments unless the
Trustee receives written instructions from investment counsel.
Unless otherwise selected or appointed, the investment counsel
shall be G. DAVID BIAS who has served as my investment counsel.
The Beneficiary shall have the power exercisable in the
Beneficiary' s discretion to discharge such investment counsel and
to employ other counsel or to have the trust administered without
such counsel other than the Trustee. Consistent with the standards
of the UPIA, the Trustee shall have the responsibility to
periodically review the performance of any investment counsel and
to take appropriate action if apprised of facts clearly indicating
that counsel is not performing competently.
(I) Noaliabilitv of Trustee for Directed Iavestmeats. The
Trustee shall not be liable to any beneficiary or to any heir for
the Trustee' s acts or failure to act, except for willful misconduct
or gross negligence, in the Beneficiary' s directing the investments
of the trust.
EIGBTH: Powers of Trustee aad Executor. In addition to the
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LAST WILL AND TESTAMENT
OF
TSOMAS C. LORENZ
PAGL 10
powers and duties as may have been granted elsewhere in this Will,
but subject to any limitations stated elsewhere in this Will, the
$xecutor and Trustee shall have and exercise exclusive management
and control of the Estate or Trusts, respectively, and shall be
vested with the following specific powers and discretion, in
addition to the powers as may be generally conferred from time to
time upon them by law:
(A) In the management, care and disposition of the Trusts or
Estate, the Trustee and Fxecutor, respectively, shall have the
power to do all things and to execute such deeds and instruments as
may be deemed necessary or proper, including the following powers,
all of which may be exercised without order of or report to any
Court:
(1) To sell, exchange or otherwise dispose of any
property, real, personal, or mixed, at any time held or
acquired hereunder, at public or private sale, for cash
or on terms, without advertisement, including the right
to lease for any term notwithstanding the period of the
Trust, and to grant options, including any option for a
period beyond the duration of the Trust.
(2) To invest all monies in such stocks, bonds,
securities, mortgages, notes, choses in action, real
estate or improvements thereon, and any other property as
the Trustee or Executor may deem best, without regard to
any law now or hereafter enforced limiting investments of
fiduciaries, except that the Trustee or Sxecutor may not
invest in any securities issued by .the corporate Trustee
or $xecutor, or issued by a parent or affiliate company
of such Trustee or Executor.
(3) To retain for investment any property deposited
with the Trustee or Sxecutor hereunder; except that the
Trustee or Sxecutor may not retain for investment any
stock in the corporate Trustee or Executor, or in a
parent or af f iliate company of such Trustee or Executor.
(4) To vote in person or by proxy any corporate
stock or other security and to agree to or take any other
action in regard to any reorganization, merger,
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ACRNOWLEDGMENT AND AFFIDAVIT
COMMONWF3ALTH OF PFNNSYLVANIA .
. SS.
COUNTY OF CUMBERLAND .
The Testator and the witnesses whose names are signed and
subscribed to the attached or foregoing instrument, being first
duly sworn and qualified according to law, do hereby acknowledge,
depose and say to the undersigned authority, that the Testator
signed and executed the instrument as his Last Will in the presence
of the witnesses; that he signed it willingly or willingly directed
another to sign it for him; that he executed it as his free and
voluntary act for the purposes therein expressed; that each of the
witnesses were present and saw the Testator sign and execute the
instrument as his Last Will; that each subscribing witness in the
hearing and sight of the Testator signed the will as witnesses; and
that to the best of their knowledge the Testator was at that time
� eighteen years of age or older, of sound mind and under no
constraint or undue influence.
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Testator
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Witness
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itness
Sworn to or affirmed, subscribed to, and acknowled��, before
me by the above-named Testator and witnesses, this .Y��- day of
January, 1999.
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Notary P ic
My Com�nission Expires:
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Tr�d L.Sepia�o�I��ry pubNc �' k`-� ':'� .
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January 15, 2014
Glenda Farmer Strasbaugh
Cumberland County Register of Wills
1 Courthouse Square,Room 102
Carlisle, PA 17013
Re: Estate of Thomas Cook Lorenz
File#21-13-1262
Dear Ms. Strasbaugh:
I am the paralegal assisting my husband, Steven T. Lorenz, Executor of the estate of Thomas
Cook Lorenz in regard to the administration of his father's estate. Enclosed for filing please find
the Certification of Notice Under Pa. 4.C. Rule 5.6(a), the Inventory, and the Status Report for
. . .. �:_
the Estate. Also enclosed are two copies of the Pennsylvania lnheritance Tax Return. There is
not taa� due as evidenced by the return.
Please file-stamp the extra copy of this letter and return to me in the enclosed envelope.
Sincerely,
Lish orenz
Paralegal
Enc.
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