HomeMy WebLinkAbout02-10-05
COMMON'/./EAlTH OF PENNSYLVANIA
NPARTMENT OF REVENUE
BUR"AU OF INDIVIDUAL TAXES
DEPT. 280601
HAFiR'SBURG, PA 17128-0601
REV-1162 EX(11-96)
RECEIVED FROM:
PENNSYLVANIA
INHERITANCE AND ESTATE TAX
OFFICIAL RECEIPT
MCCOY MARIAN W
98 BEAGLE CLUB ROAD
CARLISLE, PA 17013
--- f"l(j
EST A TE INFORMATION: SSN, 078~ 14~ 1 022
FILE NUMBER: 2105-0138
DECEDENT NAME: BALLACHINO ANGELO P
DATE OF PAYMENT: 02/10/2005
POSTMARK DATE: 02/10/2005
COUNTY: CUMBERLAND
DATE OF DEATH: 11/14/2004
NO. CD 004930
ACN
ASSESSMENT
CONTROL
NUMBER
AMOUNT
101 I $12,688.02
I
I
I
I
I
I
I
I
TOTAL AMOUNT PAID:
REMARKS: M W MCCOY
CHECK# 163
INITIALS: VZ
SEAL
RECEIVED BY:
REGISTER OF WILLS
$12,688.02
GLENDA FARNER STRASBAUGH
REGISTER OF WILLS
OFFICIAL USE ONLY
REV-1500 EX + (6-00) REV-1500
INHERITANCE TAX RETURN FILE NUMBER I 3\1
COMMONWEALTH OF PENNSYLVANIA :XI [I E)
DEPARTMENT OF REVENUE RESIDENT DECEDENT
DEPT. 280601
HARRISBURG. PA 17128-0601 COUNTY CODE YEAR NUMBER
DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER
0 Ballachino Angelo P. 078-14-1022
E
C DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR) THIS RETURN MUST BE FILED IN DUPUCATEWlTH THE
E
0 11/14/2004 01/29/1922 REGISTER OF WILLS
E
N (IF APPLICABLE; SURVIVING SPOUSE'S NAME (LAST. FIRST. AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER
T
2 1. Original Return _ 2. Sepp',m,,'" A,tem tj 3 .. Idate of death
. Remalnoer Return prior to 12-13-82)
CAPB X 4. Limited Estate _ 4.. Future Interest Compromise I,d ate of death after 12-12-82) 5. Federa! Estate Tax Return Required
HpRL Decedent Maintained a Living Trust 0
EplO 6. Decedent Died Testate _ 7. 8. Total Number of Safe Deposit Boxes
--'-' -
CRAC (Attach copy of Will) (Attach copy of Trust)
KOTK D 9. Litigation Proceeds Received 010. 0 11. Election to tax under Sec. 9113(A)
ES Spousal Poverty Credit
(date of death between 12-31-9~ and 1 -1-95) (Attach Sch O)
THIS SECTION MUST BE COMPLETED., ALL CORRESPONDENCE. & CONFIDENTIAL TAXJNFO RMA TION SHOULD' BEOIAECTEOTO:
P NAME COMPLETE MAILING ADDRESS
C
0 0 Jennifer B. Hioo Esauire
R N FI RM NAME (If Applicable) One
R 0 West Main Street
E E Shiremanstown, PA 17011
S N
T TELEPHONE NUMBER
717/737-8761
1. Real Estate (Schedule A) (1) None OFFICIAL USE ONLY
2. Stocks and Bonds (Schedule B) (2) None
3. Closely Held Corporation, Partnership or (3) None
Sole-Proprietorship I
4. Mortgages & Notes Receivable (Schedule D) (4) None I
R 5. Cash, Bank Deposits & Miscellaneous Personal Property (5) 5,000.00
E (Schedule E)
C
A 6. Jointly Owned Property (Schedule F) (6) 25,419.09
P 0
I Separate Billing Requested
T 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) 211,045.66
U ,
L (Schedule G or L)
A
T S. Total Gross Assets (total Lines 1-7) (S) 241,464.75
I 9. Funeral Expenses & Administrative Costs (Schedule H) (9) 2,022.31
0
N 10. Debts of Decedent, Mortgage Liabilities, & liens (Schedule I) (10) 2,425.58
11. Total Deductions (total lines 9 & 10) (11) 4.447.89
12. Net Value of Estate (line 8 minus line 11) (12) 237,016.86
13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been (13)
made (Schedule J)
14. Net Value Subject to Tax (Line 12 minus Line 13) (14) 237,016.86
C
0 SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
M
P 15. Amount of Line 14 taxable at the spousal tax
T U
A T rate, or transfers under Sec. 9116(a)( 1.2) X .0 0 (15) 0.00
X A 211,597.77 45 (16) 9,521. 90
T 16. Amount of line 14 taxable at lineal rate X .0
I 17. Amount of Line 14 taxable at sibling rate X .12 (17) 0.00
0
N 18. Amount of line 14 taxable at collateral rate 25,419.09 X .15 (1S) 3.812.86
19. Tax Due (19) 13,334.76
20. n H:Cl'lEcKjl-ll;~E;:,lFtQi:!."RE;:'f;E;:qi:!I;STI~ci.ARE'FUN[)Cl!","NPV!:APAY"'~X,..'I
> > BE SURE TO ANSWER ALL QUESTIONS ON REVERSE SIDE AND TO RECHECK MATH < <
Copyright (c) 2000-form software only The Lackner Group, Inc.
Form REV-1500 EX (Rev. 6-00)
Decedent's Complete Address:
STREET ADDRESS
96 Beagle Club Road
CITY I STATE I ZIP
Carlisle PA 17013
Tax Payments and Credits:
1. Tax Due (Page 1 line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
(1)
13,334.76
0.00
12,668.02
666.74
Total Credits ( A . B + C) (2)
13,334.76
3. Interest/Penalty if applicable
D. Interest
E. Penalty
T otallnterest/Penalty ( D + E )
4. If line 2 is greater than Line 1 + Line 3. enter the difference. This is the OVERPAYMENT.
. Check box on Page 1 Line 20 to request a refund
5. If Line 1 + Line 3 is greater than Line 2. enter the difference. This is the TAX DUE.
A. Enter the interest on the tax due.
(3)
0.00
B. Enter the total of Line 5 + SA. This is the BALANCE DUE.
Make Check REGISTER OF
(4)
(5)
(SA)
(5B)
AGENT
0.00
0.00
0.00
0.00
1. Did decedent make a transfer and:
a. retain the use or income of the property transferred:
b. retain the right to designate who shall use the property transferred or its income: .
c. retain a reversionary interest; or .
d. receive the promise for life of either payments. benefits or care?
2. If death occurred after December 12, 1982. did decedent transfer property within one year of death
without receiving adequate consideration? .
3. Did decedent own an ~in trust fo( or payable upon death bank account or security at his
or her death?
Yes No
~~
IT]
D
[B
[B
4. Did decedent own an Individual Retirement Account. annuity. or other non-probate property
which contains a beneficiary designation?
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES,
YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
D
D
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 al] information of which preparer has any knowledge.
lrcM~~ Vf. 1Jn~ P
SIGNATU OF PREPARER OTHER THAN REP SENTATIVE
Marian W. McCoy
_ _ _~~ _ !3_<:~!'~_<: _ S:~_~~ _ !'_<:~~_ _ _ _. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __
Carlisle, PA 17013
Jennifer B. Hipp Esquire
One West Main Street
-----------------------------------------------------
Shiremanstown, PA
DATE
SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN
02/09/05-
DATE
;; - "1-0<;"
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the
surviving spouse is 3% [72 P.S. 9116 (a) (1.1) (i)].
For dates of death on or after January 1 t 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0%
[72 P.S. 9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets
and filing a tax return are still applicable even if the surviving spouse is the only beneficiary.
For dates of death on or after July 1. 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural
parent, an adoptive parent, or a stepparent of the child is 0% [72 P.S. 9116 (a) (1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.$. 9116{ 1.2)
[72 P.S. 9116(aXl)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. 9116(a)(1.3)]. A sibling is defined, under
Section 9102, -as an individual who has at least one parent in common with the decedent, whether by blood or adoption.
1::___ t:lI=\I_1c:nn ev ,...._
REV-1S08 EX + (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TIV< RETURN
RESIDENT DECEDENT
ESTATE OF
Angelo P. Ba11achino
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
FILE NUMBER
551/ 078-14-1022
11/14/2004
Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of
survivorship must be disclosed on Schedule F.
ITEM
NUMBER
1
DESCRIPTION
Contents of home and personal property
VALUE AT DATE
OF DEATH
5,000.00
TOTAL (Also enter on line 5, Recapitulation) $ 5,000.00
(If more space is needed, insert additional sheets of the same size)
Copyriqht (e) 1996 form software only CPSvstems.lne. Fnrm RFV-1~nR ~y {c.." , 0"'\
REV.1S09 EX +(1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESI DENT DECEDENT
ESTATE OF
An~elo P. Ballachino
SCHEDULE F
JOINTLY-OWNED PROPERTY
FILE NUMBER
SSlI 078-14-1022
11/14/2004
If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G.
SURVIVING JOINT TENANT(S) NAME
ADDRESS
RELATIONSHIP TO DECEDENT
A.
Janet A. Brown
3525 Backwood Road
Carlisle, PA 21158
Niece
B.
c.
JOINTLY-OWNED PROPERTY,
LETTER DATE DESCRIPTION OF PROPERTY "!o OF DATE OF DEATH
ITEM FOR JOINT MADE Include name of financial institution and bank DATE OF DEATH OECD'S VALUE OF
account number or similar identifying number.
NUMBER TENANT JOINT Attach deed for jointly-held real estate. VALUE OF ASSET INTEREST DECEDENT'S INTEREST
1 A 12/14/98 M&T Bank - Checking Account 7,839.04 50.00% 3,919.52
No. 3740562552, date of
death balance $7,839.04,
accrued interest $0.00
2 A 11/06/98 M&T Bank - Savings Account 42,999.14 50.00% 21,499.57
No. 01500420130674, date of
death balance $42988.13,
accrued interest $11. 01
TOTAL (Also enter on line 6, Recapitulation) $ 25,419.09
(If mnrp <m::H~e i~ needed insert rioddition1'l1 <:hppt<: nf tnp <::::lIT'lP <:i,e)
~M&fBank
499 Mitchell Road, MiIl,boro, DE 19966 Mail Code DE-MB-12
Phone (888) 502-4349
Fax (302) 934-2955
December 23,2004
James D. Bogar
Attorney At Law
One West Main Street
Shiremanstown, Pennsylvania 17011
Re: Estate of: Anf!elo P Ballachino
Social Security: 078-14-1022
Date of Death: November 14. 2004
Dear Sir or Madam:
Per your inquiry dated December 10, 2004, please be advised that at the time of death, the above-named decedent had on
deposit with this bank the following:
l.
Type of Account
Checking Account
Account Number
3740562552
Ownership (Names of)
Angelo P Ballachino, Janet Ann Brawn, Joint Owners
Opening Date
12/14/98
Balance on Date of Death
$7,839.04
Accrued Interest
$ 0.00
Total
$7,839.04
2.
Type of Account
Savings Account
Account Number
015004201306774
Ownership (Names of)
Angelo P Ballachino, Janet Ann Brown, Joint Owners
Opening Date
11/6/98
Balance on Date of Death
$42,988.13
Accrued Interest
$ 11.01
Total
$42.999.14
Interest Paid YTD
$ 614.08 (Accrued interest is not included)
Please be advised, there was no safe deposit box found for the above decedent For further account information,
regarding ownership, closures and/or reimbursement of funds, etc., please call the High Street Carlisle Office # 717-
240-4536,
Sincerely,
~ U7!<J
Nancy Clagett
Records Management
REV-1510 EX +{1-97}
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESlDENT DECEDENT
ESTATE OF
An~elo P. Ballachino
SSil 078-14-1022
11/14/2004
This schedule must be completed and filed if the answer to any of questions 1 through 4 on page 2 is yes.
ITEM
NUMBER
1
DESCRIPTION OF PROPERTY
RELAW5hM~I~ t~b~~~B~~l~WJ~~~bA~~EcSF t~~WSFER.
ATTACH ACOPYOF THE DEED FOR REAL ESTATE,
1982 Chaparral, Title No.
45163614003 BA - Property
was made joint with Marian
W. McCoy, Stepdaughter on
October 5, 2004.
EXCLUSION
(IF APPLICABLE,
% OF
DECD'S
INTEREST
DATE OF DEATH
VALUE OF ASSET
500.00
2
Ford E-150 (1999) VIN
1FDRE14L9XHA94874.
Property was made joint
with Marian W. McCoy,
Stepdaughter on September
15, 2004.
9,000.00
3
Orrstown Bank - Money Maker
Checking Account No.
143000063, date of death
balance $204,545.66.
Property was made joint
with Marian W. McCoy,
step-daughter, and Barry L.
McCoy, step-daughter's
husband on 12/18/03. *(AN
EXEMPTION IN THE AMOUNT OF
$3,000.00 IS CLAIMED IN
ACCORDANCE WITH THE
PROVISIONS OF THE
INHERITANCE AND ESTATE TAX
ACT, BEING 72 P.S. SECTION
9108(c) and 72 P.S. SECTION
9107(c)(3)).
204,545.66
3,000.00
TOTAL (Also enter on line 7. Recapitulation) $
(If more space is needed. insert additional sheets of the same size)
Copyriqht (e) 1996 form software only CPSystems. Inc.
FILE NUMBER
TAXABLE VALUE
500.00
9,000.00
201,545.66
211,045.66
Fnrm REV-1510 F=)( (Q",,, '_Qi\
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SIGNAruRE'O!' PERSON ADMIN'$TEfl'NG QATH
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:~~'S<JbifC'"'t!Jo""""""""'.....,.and_""9aI""",,,"...tIO""Me<..
S\GAA1\l;lEOf APPUCANT OR AlITl-<C!RIZED SIGNER
:..n
,;.J
If a co-purchaser other than your spouse ls listed and you want fue title to'
be listed as "Joint Tenants With Right of Survi~orship' (On death Of one
owner, title goes to surviving owner.) CHECK HERE D. Otherwise, .the title
will be issued as "Tenants in Common' (On death 01 one lYNner,ir.\efSS\ '61
deceased owner goes to his/her heirs orestale).
1ST LIEN DATE:
1ST LIENHOLDER
STREET
my
FINANCIAL INSTITUTION NUMBER
2ND LIEN DATE:
2ND UEtiHOI..OEf\.
STREET
em'
...... IF NO LIEN, CHECK 0
STATE
~,
...... IF NO LIEN, CHECK
STATE ZIP
o
1130 Harrisburg l'ilce
carlisle, PA 17013
Phone: 145-1311
1080 Harrisburg l'ilce
carlisle, PA 17013
Phone: 145~OO06
1-3-05
I, Daryl Heiges, manager of Auto Drive Inc.
certify the actual cash value of the 1999 ford E-150
van to be '(9000.) dollars. The VIN number is as follows
1FDRE14L9XHA94874
This vehicle was appraised with the aid of the current
N.A.D.A. book. IT was appraised for BarryL. & Ma-yj,n W. McCoy.
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:\1ic,_,WIlj8d"'hI.",,=,_andOll>'''~,Oi<l''''''setlooth~.,.
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SIGNAtuRE OF',o.pPl-ICANT OR AI1rnORLZED S'G"ER
SIGNATIJREOFco-.<o.PPUCANTrTlTl.EOF.ouTHOfHZE:lSIGNER
"1II""""""1','._,".""'J"'" "''',"'.".....~". .,.' ,.""""",.."'''''';,,,,.,''. '
YEA~
If a co-purchaser other than your spouse is listed and you want the title to
be listed as "Joint Tenants With Right of Survivorship" {On death of one
owner, title goes 10 surviving owner.) CHECK HERE D. Otherwise the title
will be issued as "Tenants in Common' (On death of one owner, i~terest of
deceased owner goes to his/her heirs orestata).
1ST LIEN DATE:
+!FNOLlEN.CHECK D
1ST LIENHOLDER
STREET
CITY
STATE
'"
FINANCIAL INSTITUTION NUMBER
2ND LIEN DATE:
] 2ND UENHOLOER
,
...... .IF NO LIEN,CHECK
STREET
CITY
STATE ZIP
FINANCIAL INSTITUTION NUMBER
D
~.
ORRSTOWN
BANK
December 20, 2004
RE: Estate of Angelo P. Ballachino.
Dear Attorney Hipps,
Mr. Ballachino had only one account with us, a Money Maker checking account
#143000063. He opened the account on September 3rd., 2002 with a check in the
amount of$134,099.12.
On December 18th, 2003, he brought Marian W. and Barry L McCoy into our office to
add them as additional owners on the account
The balance on Mr. Ballachino's date of death was $204,545.66. There has been no
activity on the account since his death except for the addition of monthly interest the
account earned in the amount of$285.02. Present balance is $204,830.68.
The next interest posting will be December 31.
Please don't hesitate to contact me ifI can be of further service to you.
~
CMOIA.Y
Branch Executive Officer
North Middleton Office
717-243-9813
REV-1S1' EX..(1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
ESTATE OF
Angelo P. Ballachino
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER
A.
B.
FILE NUMBER
SS1I 078-14-1022
11/14/2004
DESCRIPTION
AMOUNT
1
FUNERAL EXPENSES,
Holiday Inn, Grantville, PA - Funeral Luncheon
402.07
2
Malpezzi Funeral Home - Funeral Bill in excess of prepayment
170.96
1.
ADMINISTRATIVE COSTS,
Persona! Representative's Commissions
Name of Personal Representative(s)
Social Security Number(s) / EIN Number of Personal Representative(s)
Street Address
City
State
Zip
Year(s) Commission Paid:
2.
3.
Attorney's Fees Jennifer B. Bipp Esquire
Family Exemption: (If decedent's address is not the same as claimant's. attach explanation)
Claimant
Street Address
925.00
City
Relationship of Claimant to Decedent
State
Zip
4. Probate Fees
5. Accountant's Fees
6. Tax Return Pre parer's Fees
7.
1
Other Administrative Costs
Auto Drive Used Cars - Vehicle Appraisal
10.00
2
Dish Network - Satellite Television-Final Bill
58.12
3
PP&L - Final Bill
50.49
4
RESERVES: Costs to conclude administration
filing fee for PA Inheritance Tax Return;
Personal and Fiduciary Income Tax Returns
of Estate including
preparation of
350.00
5
Sprint - Telephone Bill-Final
55.67
TOTAL (Also enter on line 9. Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
2,022.31
!':n.m RI=V_1511 1=)( 11:1",,, 1_CI7\
REV-1S12 EX.. (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Angelo P. Ballachino
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, AND LIENS
FILE NUMBER
SSfI 078-14-1022
11/14/2004
Indude unreimbursed medical expenses.
ITEM
NUMBER
1
DESCRIPTION
Andorra Radiology Associates, P.C. - Medical Bill
AMOUNT
22.60
2
Blue Mountain Anesthesia Associates - Medical Bill
49.54
3
Carlisle Digestive Disease Assoc. LTD
Medical Bill
129.60
4
Carlisle Pathology Associates - Medical Bill
30.37
5
Carlisle Regional Medical Center - Medical Bill
1,682.40
6
Carlisle Regional Medical Center Anesthesia - Medical Bill
35.10
7
Central Pennsylvania Medical Group Emergency - Medical Bill
30.80
8
Citibank - Sears Credit Card
54.02
9
Lancaster HMA Physicians Management Center - Medical Bill
253.31
10
Masland Associates - Medical Bill
1. 74
11
Orthopedic Institute of Pennsylvania - Medical Bill
4.03
12
RPC Assoc/Walnut Bottom RAD - Medical Bill
132.07
TOTAL (Also enter on line 10, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
2,425.58
AEV-1S13 EX +(9-00)
SCHEDULE J
BENEFICIAR IES
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE T IV( RETURN
RESIDENT DECEDENT
ESTATE OF
Angelo P Ballachino
SSfI 078-14-1022
11/14/2004
FILE NUMBER
NUMBER
I.
NAME AND ADDRESS OF PERSON(SI RECEIVING PROPERTY
TAXABLE DISTRIBUTIONS [include outright spousal distributions. and
transfers under Sec. 91 161il}:1.2)]
1
Janet A. Brown
3525 Backwood Road
Westminster, MD 21158
2
Marian W. McCoy
98 Beagle Club Road
Carlisle, PA 17013
RELATIONSHIP TO DECEDENT
Do Not list Trustee{s)
Niece
Stepchild
AMOUNT OR SHARE
OF ESTATE
One-half (1/2)
of rest,
residue and
remainder
Furniture,
household
items,
personal
items, tools
and vehicle
and one-half
(1/2) of rest,
res idue and
remainder
ENTER DOLLAR AMTS. FOR DISTRIBUTIONS SHOWN ABOVE ON LN. 15 THRU 18. AS APPROPRIATE. ON REV 1500 COVER SHEET
II. NON- TAXABLE DISTRIBUTIONS,
A. SPOUSAL DISTRIBUTIONS UNDER SEC 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV 1500 COVER SHEET $
(If more space is needed. insert additional sheets of the same size)
0.00
<=___ Dl:'\I_11:1':t l:'V ",_
LAST WILL ANTI TESTAMENT
OF
ANGELO P. BALLACHINO
I, .~~GE~O P. 3ALLACH=NO, of Midc:esex TO~~SLi~, Cu~~e~-
:a~d Co~~ty, Pe~nsylvania, make, pu~lisb a~c oeclare ~~is as a~c
for my Las~ will a~d Testa~ent, he~e~y ~ev8ki~g a~~ other wills
a~d Codicils he~etofore made by me.
FIRST:
I give a~c beq~eath ~o ~y s=ep-daugL~er, y~_~=~~
W. McCOY! all or my f~rni~~re, household i=e~s, perso=a: items,
my tools a~d rela~ed equipme~t and wna=ever mo~or vehicle I O~~
at the date or my death.
Should Y~~~I;~ W. ~cCOY prececease me, I
direct that all items beq~eathed i~ t~~s Cla~se be and become ~
part or my resid~ary estate to be distrib~tec as set forth i~
Clause S3CO~V he~einbelow.
'.
"-
'<;
SECOND:
I devise and beq~eath all the rest, residue
"
~ and remainder of my estate of whatever ~a~~~e a~c whe~eve~
'...
,
-\::: sitt:.ate, including any p::-operty ove::- \\7hich : ho:"d power of
'"
~.
"
appoi~~me"t a~d together with aLY i~s~~a~ce policies thereon,
-~~ eq~al shares, to my stepdaughter, ~~RIF~ W. McCOY, and my ~~ece,
: ,.,J./\.N3T' A. BROWN.
,,'"\..
"
Should eithe~ of these i~cividuals predecease
me, _ give a~d bequeath their share to the s~~viving i~divic~al
set forth i~ this Clause.
THIRD:
I ac~"owledge that I have ~wo (2) child~e~,
RONFLD A. BALLACEINO and DIF.N3 M. KEArL~EY aLd two (2) additional
stepchildren, RITA K. TOTUI and JOANN3 T. EEF~,
While ac~"owl-
....''- \,
......1, .
ecg~ng their existe~ce!
I am making no
c::- p::-ovision
fo::-
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"C.::eir
. ,l: , ...
Dene.L~'-
unaer
this,
TIIJiill
a:1d
rr'es~arnent .
my Last
FOURTH:
In addition to a:l powe::-s ;~an~ed to ~hem ~y
:aw a~d by othe::- provisions of this Will, I ;~ve the fiducia::-ies
ac~~ng he::-e~nder che following powers, applicab:e ~o all
~~operty, exercisable wi~hout co~y~ approval ana effective until
ac~'..:.al
distritn..:.tion or
p:::-operty:
-- i l
c.__
(A) To sell a~ p~blic or private sa:e, or ~o lease!
=o~ a~y period 0: ti~e, any real or personal proper~y and to give
cp~ioDS for sales! exc~anges or leases! for s~c~ 0rices and upo~
such te~s (including credit, ~ith or wi~ho~~ sec~ri~y) or
conditions as are deemed proper.
T~is includes ~he power to ~lve
legally sufficien~ instr~~en~s for t::-a~sfe::- of the property and
to receive the proceeds or any disposition c:
~
~;f~
(3)
To partition, subdivide, or lDprove real estate
-
and to enter into agreements concerning
S".lbcivi-
. . , , '
::.ne par:'J..L~on,
S~O~, ~mp~ovement, zon~ng or nanagement
of yea2. estate
and ':0
...:, i::l;>cse or extingc:is:"1 ~est~ictions on rea::' eS':a':e.
~
(C)
To compromise a~y c~a~m o~ co~t~ove~sy and to
~" a;:;a:1don any prope:::-ty which is of little or :10 value.
(D) To i:1vest ~n all forms of property, including
s~ocks! common t~~st runes and mortgage i~vestment funds! wi~hout
~es~::-iction to i~vestme~ts a~thorized ro~ Pe~~sy~va~ia fiduci-
a~~es, as a~e deemed proper, without regard to any princ~ple of
2
dive~sification, risk or productivity.
(E) To exercise any option, right or privilege granted
~n i~s~~a~ce policies or i~ ot~e~ iDves~me~ts.
(F) To exercise any elec~ion or privilege glven by ~he
Fede~al aDO o~her tax laws, i~c~~cing, b~~ ~ct Decessa~ily De~D~
li~i~ed ~Ol pe~so~al i~come, ci:~ and estate or i~heri~ance tax
la.l/I.~s .
(GI To make distribu~ions ~o my herein named benefici-
aries in cash or ln kind or par~ly in each.
(:: )
To borrow money from ~hemselves or others
1.:1
O......rcY'
- ...........-
to pay debts, taxes, or estate O~ tr~st adrr.iD~stration expe~ses,
to protect O~ imp~ove any prope~~y ~e~d ~~cer my will, a~d for
i~vestmen~ purposes.
.'
(I)
~o select a mode of ~ay~eDt ~ncer any ~~alified
~
,
reti~emen~ plan (pension plan, ?ro=~t S~ar~Dg plan, ec~loyee
--'Ir
;~~ stock ownership plan, or any oL~er ty~e 0: q~alified pla~) to ~~e
,
_extent the plan or the law permi~s them to do so, and to exercise
"<
any other rights which they may have under t~e pla~, i~ w~atever
. ~.;. ',ma:--,,"'1e~ they consider advisable.
.'--..
',--
FIFTH:
I direct that all ~~herita~ce, estate, trans-
fer, succession and death taxes, of any kind whatsoever, which
may be payable by reason of my death, whether or not with respect
to property passing under this Will, shall be paid out of the
principal of my resid~ary estate.
3
SIXTH:
All interests he~eu~de~, whether principal o~
i~co~e, w~~c~ a~e ~nc~stributed and in the possessioL of the
:id~ciaries acting here~~der, even t~ough ves~ed or distribut-
-',.-.,l~
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shall ~o~ be subject to attac~"ent,
executio~ or se~~estra-
tio~ for a~y debt, contract, obligatio~ or liability 0: a~y
be~eficiarYI and f~rthermore, s~all not be s~bject to pledge,
assig~~ent, conveyance or anticipation.
SEVENTH:
I nominate and appoint y~~~=_~~ W. McCOY,
Executrix 0: t~is, my Last will and ~estawent.
In the eve:-'.:.t of
cje death, resig~ation or inability to serve for any reason
whatsoever 0: the said ~~RIp~ W. McCOY, I nominate and appoi~t
J;~~T A. 3RO~~f Exec~trix of this, my Last wi~l and ~estament. ~
direct that my Exec~trix, or her s~ccessors, s~all no~ be ~e-
q~i~ed ~o post security or a bond for the performance
- . .
0= ~.:1e.:..::-
duties .:..n a~y jurisciction.
S---l
cc._
:N WITNESS w.~EREOF, ~ have here~n~o set my ~a~c a~d
-/
,J 5~." day or
my Last will and Testament,
c:r~is
to -:::is,
~
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2004.
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- .~GBL6 ? 3p2-LACEINO
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Si~ed, sealed, p~blis~ed and decla~ed by the above-
n~~ed Testator as a~d foy ~~s Last will a~d Tes~ament in o~=
p~ese~ce, who, at his req~es~, in his p~ese~ce and In the
presence of each o~heY, have ~e~eu~to s~bscyibed o~r names as
a~~esting wi~nesses.
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