HomeMy WebLinkAbout05-08-14 (3) rJ 1505610143
REV-1500 EX(02-11) �'
OFFICIAL USE ONLY
PA Department of Revenue pennsylvania County code Year File Number
Bureau of Individual Taxes
PO 80x.280601 INHERITANCE TAX RETURN 21 12 1011
Harrisburg,PA 17128-0601 RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Dale of Death Date of Birth
09 15 2012 10 10 1920
Decedent's Last Name Suffix Decedent's First Name MI
MATTSON RAYMOND H
(If Applicable)Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name MI
MATTSON ROMAYNE F
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 EJ 2. Supplemental Return 3. Remainder Return(Date of Death
Prior to 12-13-82)
4. Limited Estate ❑ 4a,Future Interest Compromise 5. Federal Estate Tax Return Required
(date of death after 12-12-82)
6. Decadent Died Testate 7. Detgecddtent Mai red a Living Trust 1 g, Total Number of Safe Deposit Boxes
(Attach Copy of Will) ( (:opY M C )
9. Litigation Proceeds Received 10.bg=a1lg1yj191 nmiitt(Dat95of Death 11.Election to tax under Sec.9113(A)and (Attach Schedule O)
CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytime Telephone Number
HEATHER D ROYER ESQ (717) 234 240fik3 m
0
REGISTERm bF WLLS UNLY n p
'>7 G"1 Cr)
l7
First Line of Address r fir O
4431 N FRONT ST 3RD FL u n n
-n �T
Second Line of Address n p O
O G 7 n
� CO r— rTt
TE-FfILED r'"
City or Post Office State ZIP Code , CD
HARRISBURG PA 17110
Correspondent's e-mail address: hroyergi)saslip corn
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 RESPONSIBLE FOR FILIN RETURN DATE
ohn R. Mattson iy
N ADDRESS
7600 B 'a Cove.A TX 78759
DATE
yer Esq.S Ather ADDRESS
4431 N. Front St.,3rd R. Harrisburg PA
Side 1
1505610143 1505610143
J 1505610243
REV-1500 EX
Decedent's Social Security Number
D.c em'.Name: Mattson, Raymond H.
RECAPITULATION
1. Real Estate(Schedule A)................................................:...................................... 1.
2. Stocks and Bonds(Schedule B)............................................................................. 2. 16, 673 . 30
3. Closely Held Corporation,Partnership or Sale-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.
7. Inter-Vivos Transfers&Miscellaneous N u Probate Property
(Schedule G) Separate Billing Requested............ 7, 686, 073 .22
8. Total Gross Assets(total Lines 1 through 7)........................................................ 8. 702 ,746 . 52
9. Funeral Expenses and Administrative Costs(Schedule H).................................... 9. 39, 785 . 37
10. Debts of Decedent, Mortgage Liabilities and Liens(Schedule I)............................ 10. - 24, 501 . 32
11. Total Deductions(total Lines 9 and 10)................................................................ 11. 64,286. 69
12. Net Value of Estate(Line 8 minus Line 11).......................................................... 12. 638, 459. 83
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which
an election to tax has not been made(Schedule J)............................................... 13. 754 , 746. 52
14. Net Value Subject to Tax(Line 12 minus Line 13)............................................... 14. -116,286 . 69
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 40, 000 . 00 16. 1 , 800 . 00
at lineal rate X .045
17. Amount of Line 14 taxable
at sibling rate X.12 0 . 00 17. 0 . 00
18. Amount of Line 14 taxable
at collateral rate X.15 0 . 00 18. 0 . 00
19. TAX DUE................................................................................................................ 19. 1 , 800 . 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 21-12-1011
Decedent's Complete Address:
DECEDENT'S NAME
Mattson, Raymond H.
STREET ADDRESS
909 Woodland Drive
CITY STATE ZIP
Lemoyne PA 17043
Tax Payments and Credits:
1. Tax Due(Page 2, Line 19) (1) 1,800.00
2. Credits/Payments
A. Prior Payments
B. Discount 0.00
Total Credits(A +B) (2) 0.00
3. Interest (3) 47.82
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) 1,847.82
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;.....................................................................I......... ❑x ❑
b. retain the right to designate who shall use the property transferred or its income;.................................. ❑ ❑x
c. retain a reversionary interest;or............................................................................................................... ❑ ❑x
d. receive the promise for life of either payments,benefits or care?............................................................ ❑ ❑x
2. If death occurred 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?....... ❑ ❑x
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 orfor the use of the surviving spouse
is 3 percent[72 P.S.§9116(a)(11)(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 orforlhe 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 1503 E%+(8-98)
SCHEDULE B
STOCKS & BONDS
COMMONWEALTH OFPENNSY VANIA
INHERITANCE TAX RETURN
RESIDENTDECEDENT
ESTATE OF FILE NUMBER
Mattson, Raymond H. 21-12-1011
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM CUSIP VALUE AT DATE
NUMBER NUMBER DESCRIPTION UNIT VALUE OF DEATH
1 Federated Kauffman Account 16.673.30
TOTAL(Also enter on Line 2, Recapitulation) 16,673.30
(If more space is needed,additional pages of the same size)
Copyright(c)2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule B(Rev.6-98)
Rev-1510 EX*(08 49)
SCHEDULE G
Pennsylvania INTER-VIVOS TRANSFERS AND
DEPARTMENT OF REVENUE
INHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Mattson Raymond H. 21-12-1011
This schedule must ce completed and filed if the answer to any of questions 1 through 4 on page three of the REV 1500 is yes.
ITEM DESCRIPTION OF PROPERTY DATE OF DEATH %OF DECD S EXCLUSION TAXABLE
NUMBER INCLUDE E NAME COPY OF THE DEED FOR REAL ESTATE. VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE
1 Alexandria Fahey-Annual Gift made September 14, 13,000.00 100.000% 3,000.00 10,000.00
2012 to Grandaughter
2 Jack Mattson-Annual Gift made September 14, 2012 13,000.00 100.000% 3,000.00 10,000.00
to grandson
3 John R. Mattson-Annual Gift made September 14, 13,000.00 100.000% 3,000.00 10,000.00
2012 to son
4 Terry Mattson-Annual Gift made September 14,2012 13,000.00 100.000% 3,000.00 10,000.00
to daughter-in-law
5 Fulton Bank Checking-Acct. No.3622-4558 20.939.69 100.000% 20,939.69
Titled in Living Trust dated 11/22/94
Raymond H. Mattson,Trustee
DOD balance-$72,939.69 which includes the gifts
above that did not clear the account that are
delineated separately to take advantage of the
exclusion
6 Fulton Bank Checking-accrued interest 2.18 100.000% 2.18
7 TO Ameritrade Acct.XXXX1571 -Titled in Living Trust 240.267.51 100.000% 240,267.51
dated 11122/94
Raymond H. Matson,Trustee
8 TO Ameritrade Acct.XXXX4010-Titled in Living Trust 370,197.24 100.000% 370,197.24
dated 11122/94
Raymond H.Mattson,Trustee
9 Vanguard Account-Titled in Living Trust dated 14,666.60 100.000% 14,666.60
11/22/94
Raymond H. Mattson,Trustee
TOTAL(Also enter on Line 7, Recapitulation) 686,073.22
(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) SCHEDULE H
Pennsylvania
DEPARTMENT OF REVENUE FUNERAL EXPENSES AND
INHERI LANCE TAX RETURN ADMINISTRATIVE COSTS
ESTATE OF FILE NUMBER
Mattson Raymond H. 21-12-1011
Decedent's debts must be reported on Schedule I.
ITEM DESCRIPTION AMOUNT
NUMBER
A. FUNERAL EXPENSES:
See continuation schedule(s)attached 5,545.00
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personal Representative(s)
John R. Mattson
Street Address 7600 Baja Cove
City Austin State TX Zio 78759
Year(s)Commission Paid 2014 833.00
2. Attorney's Fees Smigel,Anderson & Sacks, LLP 20,000.00
3, Family Exemption: (If decedent's address is not the same as claimant's,attach explanation)
Claimant
Street Address
City State Zio
Relationship of Claimant to Decedent
4. Probate Fees 148.50
5. Accountant's Fees
6. Tax Return Preparer's Fees 2,435.00
7. Other Administrative Costs 10,823.87
See continuation schedule(s) attached
TOTAL(Also enter on line 9, Recapitulation) 39,785.37
Copyright(c)2009 form software only The Lackner Group,Inc. Forth PA-1500 Schedule H(Rev. 10-09)
SCHEDULE H
FUNERAL EXPENSES AND ADMINISTRATIVE COSTS
continued
ESTATE OF FILE NUMBER
Mattson, Raymond H. 21-12-1011
ITEM
NUMBER DESCRIPTION AMOUNT
Funeral Expenses
1 All Faiths Funeral Home-Cremation services/death certificates 1,040.00
2 John R. Mattson-Reserve-costs for transport of ashes to cemetary 1,505.00
3 Oak Ridge Cemetary-Reserve for Burial &Plot 3,000.00
H-A 5,545.00
Other Administrative Costs
4 Cumberland Law Journal-Legal Advertisement 75.00
5 John R. Mattson-Reimburse postage 29.45
6 John R. Mattson -Reimburse rental car&accomodations-probate 217.64
7 John R. Mattson -Trustee Fee 10,291.00
8 The Sentinel-Legal Advertisement 210.78
H-B7 10,823.87
Copyright(c)2002 form software only The Lackner Group,Inc. Forth PA-1600 Schedule H(Rev.6-98)
Rev-1512 EXs(12-08)
SCHEDULE 1
pennsylvania DEBTS OF DECEDENT,
DEPARTMENT OF REVENUE
INHERITANCE TAX RETURN MORTGAGE LIABILITIES AND LIENS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Mattson, Raymond H. 21-12-1011
Report debts incurred by the decedent prior to death that remained unpaid at Me date of death,including unreimbumed medical expenses.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1 American Express-Remodeling Expenses 14,400.00
2 Bank of America-September monthly payment 73.00
3 Bank of America -October monthly payment 71.00
4 Heritage Foundation-Monthly Donation 5.00
5 Heritage Foundation-Monthly Donation 5.00
6 Heritage Foundation-Monthly Donation 5.00
7 John R. Mattson -Reimburse moving expenses 5.732.15
8 John R.Mattson-Reimburse medical expenses 48.60
9 Pennsylvania Department of Revenue-2012 Personal Income Taxes 539.00
10 Pennsylvania Department of Revenue-2009 Back Taxes+ Interest owed 253.09
11 Pennsylvania Department of Revenue-2011 Back Taxes+Interest owed 25.90
12 R.M Wire&Associates-2011 Tax Preparation Fee 910.00
13 U.S.Treasury-2012 Federal Income Taxes 201.00
14 U.S.Treasury-2009 Back Taxes+Interest 28.64
15 U.S.Treasury-2011 Taxes 753.00
16 Wix,Wenger&Weidner-Unpaid legal fees 1,450.94
Claim filed
TOTAL(Also enter on Line 10, Recapitulation) 24,501.32
(If more space is needed,additional pages of the same size)
Copyright(c)2008 form software only The Lackner Group,Inc. Form PA-1500 Schedule I(Rev. 12-08)
REV-1513 EX.)01-10) '
pennsylvania SCHEDULE J
DEPARTMENT OF REVENUE
INHERITANCE TAX RETURN BENEFICIARIES
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Mattson, Raymond H. 21-12-1011
RELATIONSHIP TO
NUMBER NAME AND ADDRESS OF DECEDENT SHARE OF ESTATE AMOUNT OF ESTATE
PERSON(S)RECEIVING PROPERTY o Not 's n, , I.) ($$$)
I• TAXABLE DISTRIBUTIONS [include outright spousal
distributions,and transfers
under Sec.91 16 a 1.2
Alexandria Fahey Granddaughter Ten Thousand 10,000.00
7600 Baja Cove Dollars
Austin, TX 78759
Jack Mattson Grandson Ten Thousand 10,000.00
7600 Baja Cove Dollars
Austin, TX 78759
John R. Mattson Son Ten thousand 10,000.00
7600 Baja Cove dollars
Austin,TX 78759
Terry Mattson Daughter-in-Law Ten thousand 10,000.00
7600 Baja Cove dollars
Austin, TX 78759
Total 40,000.00
Enter dollar amounts for distributions shown above on lines 15 through 18 on Rev 1500 cover sheet,as appropriate.
NON-TAXABLE DISTRIBUTIONS:
Ip• A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN
See continuation schedule(s)attached 754,746.52
B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEETI 754,746.52
Copyright(c)2010 form software only The Lackner Group, Inc. Form PA-1500 Schedule J(Rev.01-10)
SCHEDULE J-11A
SPOUSAL DISTRIBUTIONS UNDER
SECTION 9113 FOR WHICH AN
ELECTION TO TAX IS NOT BEING MADE
continued
ESTATE OF FILE NUMBER
Mattson, Raymond H. 21-12-1011
ITEM
NUMBER DESCRIPTION AMOUNT
1 Trust A-Decedent's last Will and Testament directed the residue of his estate to the 754,746.52
Raymond H. Mattson Revocable Trust(a/k/a the Raymond H. Mattson Trust)which contained
a trust forthe benefit of the Decedent's surviving spouse. Decedent's surviving spouse will
receive the net income of the Trust and distributions of principal in the Trustee's discretion
for her health,support,maintenance,andlor education in the standard of living to which she
was accustomed at the Decedent's death Upon the death of the surviving spouse,the
remaining amounts in the Trust shall pass according to the provisions of the Trust.
Surviving spouse has no control over disposition of the assets.
The following items are included in the Trust Assets: Item 5,Schedule G, Fulton Bank
Checking Acct. NO. 36-22-4588; Item 7,Schedule G,TD Amenrade Account XXXX1571; Item
8, Schedcule G,TD Ameritrade Acct.XXXX4010; Item 9,Schedule G,Vanguard Account;and
Item 1,Schedule B, Federated Kauffman Account
Subtotal 754,746.52
Copyright(c)2010 form software only The Lackner Group,Inc. Forth PA-1500 Schedule J-IIA(Rev.01-10)
Rev-1649 Ex(01-14)
pennsylvania SCHEDULE O
DEPARTMENT OF REVENUE DEFERRAL/ELECTION OF
INHERITANCE TAX RETURN SPOUSAL TRUSTS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Mattson, Raymond H. 21-12-1011
1x] PART A - DEFERRING STATEMENT
For all trust assets reportable for Pennsyivania inheritance tax purposes for which a deferral of tax is chosen,the personal
representative responsible for filing the return and the trustee(s)of the trust in question hereby acknowledge the department's
Statement of Policy set forth at 61 Pa. Code§94.3 concerning any potential termination of the trust under 20 Pa.C.S. §7710.1
that occurs after the return was filed.
❑ PART B — ELECTION TO TAX AMOUNTS
Complete this section only if making the election to tax the sole-use trust.
If the election applies to more than one trust or similar arrangement, a separate form must be filed for each trust. This election
applies to the Trust(marital,residual A,B, bypass, unified credit,etc.).
Enter the description and value of all interests for which the election to tax is made.
DESCRIPTION VALUE
Total
(If more space is needed, insert additional sheets of the same size)
Copyright(c)2014 form software only The Lackner Group, Inc. Form PA-1500 Schedule 0(Rev.01-14)
� n
REGISTER OF WILLS CERTIFICATE OF
CUMBERLAND COUNTY GRANT OF LETTERS
PENNSYLVANIA
0 No. 2012- 01011 PA No. 21- 12- 1011
Estate Of: RAYMONDHMATTSON
(First,Middle,Last)
Late Of: LEMOYNEBOROUGH
CUMBERLAND COUNTY
Deceased
Social Security No:
WHEREAS, on the 2nd day of July 2013 instruments dated:
October 6th 2004 August 1st 2012 were admitted
to probate as the last will and codicil of RA YMOND H MA TTSON
(First,Middle,Last)
late of LEMOYNEBOROUGH, CUMBERLAND County,
who died on the 15th day of September 2012 an
WHEREAS, a true copy of the will &codicil as probated is annexed hereto
THEREFORE, I, GLENDA FARNER STRASBA UGH , Register of Wills in and
for CUMBERLAND County, in the Commonwealth of Pennsylvania, hereby
certify that I have this day granted Letters TESTAMENTARYto:
JOHN R MATTSON
who has duly qualified as EXECUTOR(RIX)
and has agreed to administer the estate according to law, all of which
fully appears of record in my office at CUMBERLAND COUNTY COURTHOUSE,
CARLISLE, PENNSYLVANIA.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal
of my office on the 2nd day of July 2013.^
std t. �W
Register o Wills
eputy
**NOTE** ALL NAMES ABOVE APPEAR (FIRST, MIDDLE, LAST)
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LAST WILL AND TESTAMENT
OF
RAYMOND H. MATTSON
I, Raymond H. Mattson, of Lemoyne, Cumberland County, Pennsylvania,
which I hereby declare to be my domicile, make this Will, hereby revoking all my former
Wills and Codicils.
Article One
Specific Bequest of Tangible Personal Properht
§11 1 may have placed with this Will or otherwise made known to my
Executor a separate writing giving certain items of personal property to certain
individuals, It is my intention that such items shall pass to such individuals to be
distributed by my Executor in accordance with such writing, In the absence of such
writing, or to the extent it is incomplete or ineffective, then all my property, real,
personal, and mixed, shall be distributed In accordance with Section 1.2 below.
§1.2 1 bequeath to my wife, Romayne F. Mattson (hereafter my "Wife"), if
she survives me, all my tangible personal property not disposed of by Section 1.1
above, including, by way of illustration and not by way of limitation, my household
furniture and furnishings, paintings, books, automobiles,jewelry and personal effects.
§1.3 If my Wife does not survive me, I give and bequeath ail of my
tangible personal property that would otherwise pass under§11.2 to my Children (as
defined herein) who survive me in as equal shares as practicable, to be divided among
them as they may agree. If they are unable to agree, my Executor shall make such
decision.
§1.4 To the extent possible, I bequeath any policies of insurance covering
specific items of my tangible personal property to the beneficiary entitled to the specific
item of property.
§1,5 1 direct that the expenses of storing, packing, shipping, insuring and
delivering any such property to the beneficiary entitled thereto shall be paid as an
administrative expense of my estate.
Page 1 of 9
Article Two
Residual Estate
§2.1 All the rest, residue, and remainder of my estate, wherever situated,
I give, devise, and bequeath to the then acting trustee under the RAYMOND H.
MATTSON TRUST AGREEMENT dated October_�L 2004, established by me, as
Grantor, end Raymond H. Mattson, as Trustee, which Trust Agreement is presently in
existence and in full1orce and effect, to be held, administered, and distributed In
accordance with the provisions of said Trust Agreement, as the same may be hereafter
amended in writing.
§2.2 In the event the Trust Agreement set forth in Section 2.1 above is
not In existence or found to be invalid or ineffective, I give, devise, and bequeath all the
rest, residue, and remainder of my property, real, personal, and mixed, to the then
acting trustee under the aforementioned Trust Agreement, to be held by such trustee in
trust on the same terms and conditions as those specified in such trust as the same
existed at the time of execution of this Will or the last codicil thereto. I direct that no
bond be required of said trustee, or successor trustee, in such instance.
Article Three
Definitions
§3.1 As used in this Will, the following terms shall have the following
meanings:
§3.1.1 My"Children" shall mean my children, Barbara Jean Mattson of
Columbus, Ohio; John Raymond Mattson of Austin, Texas; Scott Marshall
Mattson of South Lyon, Michigan; and Virginia Mattson Carden of Cary..
North Carolina, and any other children of mine, natural or adopted.-
§3.1.2 My "Issue" shall mean my Children and their descendants,
natural or adopted.
Article Four
Appointment of Fiduciaries
§4.1 1 appoint my Wife, Romayne F. Mattson, as Executor of this Will. If
my Wife is unable or unwilling to act or continue to act as my Executor, for any reason
whatsoever, I appoint my daughter, Barbara Jean Mattson, to serve as Executor in her
place. In the event Barbara Jean Mattson is either unable or unwilling to act or continue
to act as my Executor, I appoint my son, Scott Marshall Mattson, to serve as successor
Executor. All references herein to the "Executor" shall mean my originally appointed
Executor or my successor Executor, as the case may be.
Page 2 of 9
§4.2 1 appoint the Executor then serving hereunder as Guardian of the'
estates of any minor beneficiaries under this Will, including the proceeds of any life
insurance on my life payable to such minors and any other property, rights or claims
with respect to Which I am entitled to appoint a guardian and have not otherwise
specifically done so. The Guardian shall have full authority to use such assets, both
principal and income, in any manner the Guardian shall deem advisable for the best
interests of the minor, including college, university and graduate education, and
professional, vocational or technical tralning, without securing a court order. .
§4.3 If at the time of my death I am serving as a custodian of any Uniform
Transfers to Minors Act or Uniform Gifts to Minors Act account and have the right to
appoint my successor, I appoint my Executor as my successor.
Article Five
Power of Fiduciaries
§5.1 No fiduciary under this Will shall be required to post bond or other
security for the faithful performance of the fiduciary's duties. 1.
§5.2 Any such fiduciary shall have the following powers, In addition to
those given by law:
§5,2.1 To invest In, accept and retain any real or personal property,
including bonds, notes, money market funds, general and limited
partnership interest, mortgages, and the stock of a corporate fiduciary or
Its holding company, without restriction to legal investments;
§5.2.2 To sell, exchange or partition either at public or private sale and
upon such terms and conditions as my fiduciary may deem advantageous
to my Estate or a trust, any or all real or,personal estate or interest therein
owned by the Estate or a trust severally or in conjunction with other
persons or acquired after my death by my fiduciary and to consummate
said sale or sates by sufficient deeds or other instruments to the
purchaser or purchasers, conveying a fee simple title, free and clear of all -
trust, and without obligation of the purchaser or purchasers to see to the
application of the purchase money or to make Inquiry into the validity of .
said sale or sales; also, to make, execute, acknowledge and deliver any
and all deeds, assignments, options or other writings which may be
necessary or desirable in carrying.out any of the powers conferred"upon
my fiduciary in my Will;
§5.2.3 To enter into and execute agreements of safe and long-term
leases and ground leases for any duration; to hold, subdivide, improve
and develop real property; to continue, terminate or refuse to renew any
Page 3 of 9
existing leases, agreements, mortgages or other encumbrances; to settle,
compromise, negotiate, arbitrate, litigate or otherwise dispose of disputes.
concerning real property without court approval; to form and enter Into
partnerships (general and limited) and corporations; and to vote interests
or shares therein;
§5.2.4 To mortgage, create a security interest in, pledge, or
hypothecate; to exchange or lease (including lease for a period extending
beyond the term of the trust created by this Will); or to license, publish or
otherwise dispose of any shares, notes, securities, real estate, minerals,
literary and other trust property upon such terms, cash or credit, or both,
as the fiduciary may deem advisable;
§5.2.5 To make application for licenses and other documents to the
proper local or state agencies, boards and bureaus;
§5.2.6 To employ agents, accountants, attorneys, property managers,
appraisers, contractors, engineers, architects, surveyors, real estate
consultants, brokers and assistants and to pay their fees and expenses,
as the Executor may deem necessary or advisable to carry out the
provisions of this Will;
§5.2.7 To participate in any reorganization, consolidation, merger or
dissolution of any partnership, or corporation, the stocks, bonds or other
securities of which may be held at any time as part of the trust property,
and to receive and continue to hold any property which may be allocated
or distributed to the fiduciary by reason of participation in any such
reorganization, consolidation, merger or dissolution;
§5,2.8 To vote any shares of stock which form a part of my Estate or a
trust and to otherwise exercise all the powers incident to the ownership of
such stock;
§5.2.9 To assign to and hold in a trust an undivided portion of any
asset;
§5.2.10 To borrow money from any person, including any fiduciary
acting hereunder If such loans are upon reasonable commercial terms,
and to mortgage or pledge any real or personal property;
§5.2.11 To hold shares of stock or other securities in nominee
registration form, including that of a clearing corporation or depository, or
in book entry form or unregistered or in such other form as will pass
delivery;
Page 4 of 9
{5.2.12 To engage In litigation and to compromise, arbitrate or
abandon claims without court approval;
§5.2.13 To make distributions in cash, or in kind or partly in each, at
current values, allocating specific assets to particular distributees on a
non-pro rata basis, and for such purposes to make reasonable
determinations of current values;
§5.2.14 To make elections, decisions, concessions and settlements in
connection with all income, estate, Inheritance, gift or other tax returns
and the payments of such taxes, without obligation to adjust the
distributive share of income or principal of any person affected thereby;
§5.2.15 To the extent economically beneficial to my estate, to join with
my Wife or her personal representative, in the filing of a joint income tax
return for any period for which such a return may be permitted, without
requiring her estate to indemnify my estate against liability for the tax
attributable to her income, and to consent, for federal gift tax purposes, to
having gifts made by my Wife during my lifetime treated as having been
made half by me;
§5,2.16 To allocate, in the Executor's sole and absolute discretion,
any portion of my exemption under Section 2631(a) of the Internal
Revenue Code (which statutory exemption is presently$1,000,000.00), to
any property as to which I am the transferor, including any property
transferred by me during my lifetime as to which I did not make an
allocation prior to my death;
§5.2.17 To disclaim in whole or in part any interest I may have in any
estate if the Executor deems such disclaimer to be in the best interests of
my estate and beneficiaries thereof; and
§5.2.18 To merge, after the death of my Wife, any trust created
hereunder with any other trust or trusts created by me or my Wife, under
will or deed, if the terms of any such trust are substantially similar and are
held for the primary benefit of the same persons, and if such merger shall
not cause an adverse income, estate or generation-skipping transfer tax
consequence.
Article Six
Provision for Debts, Expenses and Taxes
§61 My Executor shall pay all expenses of my last illness and funeral,
costs of administration, including costs of safeguarding and delivering bequests and
other proper charges against my estate. My Executor shall pay all taxes assessed by
Page 5 of 9
reason of my death (except that amount, if any, by which the estate and inheritance
taxes shall be increased as a result of inclusion of property which I may have a power
of appointment shall be paid by the person holding or receiving the property), including
interest and penalties thereof, from my residuary estate or, in the manner hereinafter
provided, from the trust estate of the trust created under the Trust Agreement Identified
in Article Two hereof. Interest and penalties concerning any tax shall.be paid and
charged in the same manner as the tax.
§6,2 1 have directed the trustee under the Trust Agreement of even date
herewith to pay to my Executor such amounts as my Executor shall request in writing as
necessary or advisable to supplement my probate estate in order to pay in full all debts,
bequests, funeral, and administrative expenses, federal and state income taxes, and
any tax which may be imposed by reason of my death. I authorize my Executor to
request such trustee to make all such payments to my Executor to the extent so
requested by my Executor; provided, however, that if any bonds issued by the United
States which may be redeemed at par in payment of federal estate taxes, and any
interest and penalties thereon due by reason of my death are held by such trustee,
such trustee shall utilize such bonds for the payment of same, to the extent such bonds
are redeemable for such payment or to the extent of the par value and accrued interest
on such bonds, whichever is less, regardless of the sufficiency of other assets in my
estate to pay the same.
§6.3 My Executor shall make such elections under the tax laws as my
Executor deems advisable, without regard to the relative interests of the beneficiaries.
No adjustment shall be made between principal and income or in the relative interests
of the beneficiaries to compensate for the effect of elections under the tax laws made
by my Executor or by the trustee under the Trust Agreement herein mentioned,
§6.4 My Executor shall have full power and authority to make the election
described in Section 2056(b)(7) of the Internal Revenue Code of 1986 or the
corresponding provisions of any further United States internal revenue law in respect of
all qualified terminable interest property (or any specific portion thereof) includible in my
gross estate, to such extent as my Executor shall deem to be in the best Interests of my
estate and the beneficiaries thereof, and any determination made In good faith by my
Executor to make or not to make such election shall be binding and conclusive upon
each person having any interest in my estate and shall not be subject to questions or
exception in any manner or proceeding whatsoever or by any person whomsoever.
Article Seven
Miscellaneous Provisions
§7.1 As used in this Will, the terms "Internal Revenue Code" and the
"Code" shall mean the Internal Revenue Code of 1986, as amended from time to time,
or the corresponding provisions of subsequent law.
Page 6 of 9
§7.2 If any beneficiary under this Will and I die under such circumstances
that it is impossible to determine which of us survived, or if any such beneficiary shall
fail to survive me for ninety (90) days, it shall be conclusively presumed and this Will
shall be construed as if such beneficiary predeceased me, s
§7:3 A corporate fiduciary shall be entitled to receive compensation for its
services hereunder in accordance with its schedule in effect when the services are
performed, but not in excess of such compensation as would be provided by a court of
competent jurisdiction. An individual fiduciary shall be entitled to receive reasonable
compensation for such fiduciary's services hereunder.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this
b ' day of October, 2004.
Ray4lond H. Mattson
Signed sealed, published and declared by the above-named Testator,
Raymond N attson, as and for his last Will, in the presence of us and each of us, who
a# his requ s and in his presence and in the presence of each other, have hereunto
subscribe ur nor es as witnesses thereto and the day and year last above written.
Residing at M F
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Page 7 of 9
COMMONWEALTH OF PENNSYLVANIA SS
COUNTY OF DAUPHIN
I, Raymond H. Mattson, the Testator whose name Is signed to the
foregoing instrument, having been duly qualified according to law, do hereby
acknowledge that 1 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 Raymond H.
Mattson, the Testator, this day of October, 2004.
Ra and H. Mattson, Testator
r
Notary Public
My Commission Expires:
COMMONW rAGiH OF PGNNS VANIA
Notarial Seal
Harva Owings Baughman, Notary Public
city or Ilntroborg, Dauphin County
My Commission Expires July 12, 2009
Member, Panmylvanla As$o I tan of Nalarlaa
Page 8 of 9
COMMONWEALTH OF PENNSYLVANIA
: SS
COUNTY OF DAUPHIN
and
�• ut� the witnesses whose names are signed to the attached or
foregoing instrument, being duly qualified according to law, do depose and say that we
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 a witness; and that to the best of our knowledge, the Testator was at that time 18 or
more years of age, of sound mind and under no constraint or undue influence.
Sworn to or affirmed and subscribed to befo; me by
��FUJf4"11 (�llr�. byvw 6W,ll.ur%,&n and
witnesses, this & day of October, 2004,
Witnes
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Notary Public I
My Commission Expires: N�lL�1{j0�
COMMONWEALTH OF P NN9 MANIA
F:\dbw1W111s\Matron\Raymond-WILL.doc Notarial Scat .
Herva Owings Deughmen, Notnryry Public
City.of Herriahurg, Deuphlu Counry
My CMraiuion EXPirca July 12, 2008
Member, Penna*anla AeeoclaJon of Noted"
Page 9 of 9
CODICIL TO THE
LAST WILL AND TESTAMENT OF
RAYMOND H. MATTSON
I, Raymond H. Mattson, of Lemoyne, Cumberland County, Pennsylvania, being of
sound and disposing mind and memory, do make, publish and declare this Codicil to my
Last Will and Testament dated October 6, 2004 (hereinafter my "Will').
Section 4.1 of Article Four (Appointment of Fiduciaries) is hereby amended
and restated in its entirety, as follows:
§4.1 1 appoint my son, John R. Mattson, as Executor of this Will. If
John R. Mattson is unable or unwilling to act or continue to act as my
Executor, for any reason whatsoever, I appoint my daughter, Barbara
Jean Mattson, to serve as Executor in her place. In the event Barbara
Jean Mattson is either unable or unwilling to act or continue to act as my
Executor, I appoint my son, Scott Marshall Mattson, to serve as successor
Executor. All references herein to the "Executor" shall mean my originally
appointed Executor or my successor Executor, as the case may be.
In all other respects, my Will shall continue and remain in full force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand and seal to this
Codicil to my Will, consisting of three pages, this 15 day of
/arq�s<r 12012.
Ra�yer nd H. Mattson
CID
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Page 1 of 3
cn
SIGNED, SEALED, PUBLISHED AND DECLARED by the above-
named Testator, Raymond H. Mattson, as and for a Codicil to his Will, in the presence of
us, who, at his request, in his presence, and in the presence of each other, have hereunto
subs ribed our names a witnesses in attestation thereof.
Address 0 r- e.5-S V
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COMMONWEALTH OF PENNSYLVANIA
SS.
COUNTY OF
I, Raymond H. Mattson, the Testator 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 a Codicil to my Last Will and
Testament; 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 Raymond H. Mattson,
this l day of 2012.
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7 IA'Asttn, Testator
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Page 2 of 3
COMMONWEALTH OF PENNSYLVANIA
SS.
COUNTY OF
We, Steven C. Wilds and Kristie Blomske the
witnesses whose names are signed to the attached or foregoing instrument, being duly
qualified according to law, do depose and say that we were present and saw the Testator
sign and execute the instrument as a Codicil to his Last Will; that the Testator signed -
willingly and executed it as his free and voluntary act for the purposes therein expressed;
that each subscribing witness, in the hearing and sight of the Testator, signed the Codicil
as a witness; and that to the best of our knowledge, the Testator was at that time 18 or
more years of age, of sound mind and under no constraint or undue influence.
Sworn to or affirmed and subscribed to before me by
Steven C. Wilds and Kristie Blomske this 1st day of
August
12012. /
c
Witness
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Witnes
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Not ublic
My Commission Expires:
22,213131
F:\dbw\Wills\Mattson\Raymond - Codicil 2012.doc
Page 3 of 3
FIRST AMENDMENT TO THE
RAYMOND H. MATTSON REVOCABLE TRUST AGREEMENT
This Fir§t Amendment to the Raymond H. Mattson Revocable Trust Agreement is
made this &r bay of September, 2012, between Raymond H. Mattson, the Settlor, and
Raymond H. Mattson, the Trustee.
WHEREAS, the Settlor and the Trustee have entered into the Raymond H.
Mattson Revocable Trust Agreement dated October 6, 2004 (the "Trust Agreement");
and
WHEREAS, Article X111 of the Trust Agreement provides the Settlor the right to
amend in any manner or revoke in whole or in part the Trust Agreement; and
WHEREAS, the Settlor is desirous of modifying and amending the Trust
Agreement and the Settlor is agreeable to the modifications and amendments contained
herein.
NOW, THEREFORE, it is agreed that the Trust Agreement is hereby amended
as follows:
1. Addition of Co-Trustee. John R. Mattson is hereby appointed to serve as a Co-
Trustee under the Trust Agreement. Each Co-Trustee named shall have the
authority to act alone, with one signature.
2. Amendment to Article VIII. Article VIII of the Trust Agreement (relating to the
appointment of trustee) is hereby amended and restated as follows:
Upon my death, I hereby nominate, my son, John R. Mattson, shall
continue to serve as the sole Trustee of any trust established under this
Revocable Trust Agreement. In the event of the death, resignation, refusal
or inability of John R. Mattson to serve as Trustee, I nominate, constitute
and appoint my daughter-in-law, Terry F. Mattson, to serve as Trustee, My
Trustee shall be entitled to receive reasonable compensation for such
fiduciary's services hereunder,
3. Trust Agreement Shall Remain in Full Force and Effect. The Trust Agreement
shall in all other respects remain in full force and effect.
y'VA LO:TT ZT0Z/LT/60
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IN WITNESS WHEREOF, the Settlor and the Trustee have executed this First
Amendment to the Raymond H. Mattson Revocable Trust Agreement as of the date and
year first above written.
WITNESS: SETTLOR:
ig�mond H, attson
WITNESS: CO-TRUSTEES:
�Mo a son
John R,Mattson
ACKNOWLEDGEMENT
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF SS
The undersigned, a Notary Public within and for the Commonwealth of
Pennsylvania, do hereby certify that the foregoing First Amendment to the Raymond H.
Mattson Revocable Trust Agreement was this day produced to me in the above
Commonwealth and County, and was executed and acknowledged by Raymond H.
Mattson, as Settlor and Trustee,'to be the free and voluntary act and deed of the Settlor,
and Trustee.
WITNESS my signature this /U day of 2012.-
tary Publl �
My Commission Expires:
F!1dbw1WIII0MattaonTlrst Amendment to Revocable Truat Agreement] -Raymond.doc COMtdONWEALTH OF PENNSYLVANIA
NOE2�hlditLALVA Heol Peombunty
b�eomm 2013
6Z0/4Z0 Yy3 LO=TT ZTOZ/LT/00
REVOCABLE TRUST AGREEMENT
THIS REVOCABLE TRUST AGREEMENT is executed this 1,ax day of
October, 2004, between Raymond H. Mattson of Lemoyne. Cumberland County,
Pennsylvania (hereinafter referred to in the first person or sometimes called "Settlor",)
and Raymond H. Mattson or his successor ("Trustee").
ARTICLE
FUNDING OF TRUST
A. Settlor hereby establishes with Trustee a Trust to consist of the property
described in Schedule "A" annexed hereto and such additions as may from time to time
be made, to be held pursuant to the terms of this Agreement.
ARTICLE II
DISPOSITION DURING SETTLOR'S LIFETIME
A. During my lifetime, Trustee shall distribute, not less often than quarter-
annually, the net income, if any, from the Trust Estate to me or as I may direct by a
written instrument delivered to Trustee. In addition, Trustee shall distribute to me so
much of the principal of the Trust Estate as I may direct in writing.
B. If at any time I shall be so incapacitated, in the reasonable judgment of the
Trustee after consulting with my family, by physical or mental illness or other incapacity,
so as to be unable to manage my financial affairs with reasonable competence, then
during such time or times the Trustee shall distribute to, or apply for the benefit of,
myself, my spo-,use, and/or any person who may be dependent upon me for support, so
much of the net income and/or principal of the Trust Estate as Trustee may determine to
be necessary or advisable for the care, comfort, health, support, maintenance and/or
education of myself, my spouse and/or any person who may be dependent upon me for
support, according to our accustomed standard of living. Any such distributions may be
made directly to me, my spouse and/or anyone then dependent upon me for support, or
applied for the benefit of any of us, without the intervention of a guardian, or to any
person or institution assuming the responsibility of caring for me, my spouse and/or
anyone then dependent upon me for support, and the Trustee shall have no duty to see
to the application of any funds so paid. In such instance, undistributed income shall be
added annually to principal, and all income accrued and accumulated to the date of my
death shall be added to principal.
C. Notwithstanding any of the provisions above, so long as the property
subject to this Agreement shall consist only of non-matured insurance policies and/or
less than Two Hundred Fifty Dollars ($250.00) in cash, the Trustee shall have no
responsibility to invest the Trust Estate or to make it productive.
Page 1 of 11
4Z0/ZTOin YVd ZO:TT ZTOZ/LT/80
C)
ARTICLE III
DIVISION OF TRUST ESTATE UPON SETTLOR'S DEATH
A. Upon my death, and if my spouse survives me, I intend that a fraction of
the trust estate be allocated to a trust for my spouse's benefit, which is qualified for the
unlimited federal estate tax marital deduction, if and to the extent the creation of such
trust will serve to reduce federal estate tax in my estate after taking into account all
deductions and credits allowed in the computation of such tax and other than by reason
of the creation of such trust. Accordingly, the Trustee shall set aside a fractional share
of trust property which qualifies for the marital deduction in a separate trust for my
spouse's benefit designated for convenience as Trust A (sometimes hereinafter referred
to as the QTIP Marital Trust), The numerator of the fraction shall be an amount which
equals the smallest marital deduction allowable in determining the federal estate tax
payable by reason of my death, after allowing for the unified credit against federal
estate tax and the state death tax credit (but only to the extent that the state death tax
credit does not increase the death tax payable by my estate), and no other credit, and
after allowing for deductions utilized in determining my federal estate tax, which will
result in the least federal estate tax being imposed on my estate, reduced by the total
amount otherwise allowed to my estate as a marital deduction without regard to this
Article. The denominator of such fraction shall be the value of the trust property which
qualifies for the marital deduction. Values finally determined for federal estate tax
purposes in my estate shall be used in computing said numerator and denominator. As
used in this paragraph the term "trust property" shall mean all assets in the Trust Estate,
including any property added at my death under the terms of my Will or otherwise, after
paying or providing for all payments to be made pursuant to Article XI of this
Agreement, which are includable in my gross estate and which qualify for the marital
deduction, and the terms "taxable estate," "marital deduction," and "unified credit" shall
have the meanings assigned to them for federal tax purposes by the United States
internal Revenue Code in effect at my death, or if no such meanings are then assigned,
by the meanings now assigned to them. I intend that my estate be afforded an
unlimited marital deduction, to the extent provided by the provisions of this Article, In
determining the federal estate tax payable by reason of my death, and this Agreement,
including the provisions of this Article, shall be construed to accomplish that objective.
B. The balance of the trust estate remaining after satisfying the preceding
provisions of this Article, or the entire Trust Estate if my spouse predeceases me, shall
be allocated to Trust B (hereinafter sometimes referred to as the Family Trust),
C. Notwithstanding any other provision herein to the contrary, if my spouse
makes a qualified disclaimer (as that term is defined in Section 2518 of the Internal
Revenue Code), the disclaimed property shall be added to and become part of Trust B
provided hereunder, in addition to any property allocated to Trust B pursuant to the
provisions of paragraph B of this Article, and shall be held, administered and distributed
as a part thereof. For such purposes, my said spouse shall not be deemed to have
predeceased me.
Page 2 of 11
4Z0/fii6fQj YB.x 7(1:77 7Tn7 J+T/an
D. If there is no evidence of the chronological order in which my death and
the death of my spouse occur, or if my said spouse shall, in fact, survive me be any
period less than 90 days, then my said spouse, for all purposes of this Trust Agreement,
shall be deemed to have predeceased me.
ARTICLE IV
Disposition of Trust A/The QTIP Marital Trust
A. The property allocated to Trust A shall be held, administered and
distributed as follows:
1. Not less often than quarter-annually, beginning as of the date of my death,
Trustee shall pay the entire net income derived from Trust A to my spouse
for her life. Further, Trustee shall distribute to my said spouse such
amounts of the principal of Trust A as Trustee shall deem necessary or
advisable for her health, support, maintenance and/or education in the
standard of living to which she is accustomed at the time of my death,
taking into consideration other sources of income and assets of my said
spouse known to Trustee.
2. Upon the death of my said spouse, Trustee shall pay over and distribute
any accrued and undistributed income to the estate of my said spouse.. In
addition, Trustee shall distribute to the estate of my said spouse an
amount of the principal valued at fair market as of date of distribution
equal to the incremental portion of federal estate tax and state death taxes
payable by the estate of my spouse as a result of the Inclusion for tax
purposes in the estate of my said spouse of all or any portion of Trust A
pursuant to section 2044 of the Internal Revenue Code and any similar
provisions under state laws. The balance of the property in Trust A shall
be added to and become a part of Trust B provided for hereunder, and
shall thereafter be held, administered, and distributed as a part thereof.
ARTICLE V
DISPOSITION OF TRUST B/THE FAMILY TRUST
A. Tho property allocated to Trust B shall be held, administered and
distributed as follows:
1. During the life of my spouse, Trustee shall distribute to my said spouse,
not less often than quarter-annually, all of the net income of Trust B and
Trustee shall distribute to, or apply for the benefit of, any one or more of
the group consisting of my spouse and my then living issue such amounts
of the principal of Trust B as my Trustee shall, from time to time,
determine to be necessary or advisable to provide for their health, support,
maintenance, and/or education, taking into consideration their accustomed
Page 3 of 11
6ZO/6TOrpj YV3 CO:TT ZTOZ/LT/00
standard of living at the time of my death and any other resources they
may have of which Trustee knows.
2. It is my intention that the Family Trust shall be used primarily to provide a
source of income for my spouse, and a source of principal for my spouse
in the event the property which my said spouse has and which is
otherwise available to her has been substantially consumed, The
preservation of principal for ultimate distribution to other beneficiaries shall
be of secondary importance. Accordingly, the Trustee shall exercise his
discretion to make distributions from the principal of the Family Trust in
such manner as to provide for my spouse's health, support, maintenance
and/or education should the QTIP Marital Trust and my spouse's own
resources be substantially consumed, consistent with preserving the
corpus of the Family Trust to provide for my spouse's continued protection
and welfare as long as my spouse shall live. No beneficiary or
remainderman shall have any claim against the Trustee by reason of the
Trustee's use of the principal of the Family Trust for the benefit of my
spouse.
3. Upon the death of the surviving of my said spouse and myself, Trustee
shall hold, administer, and distribute Trust B (including any additions
thereto from Trust A) for the benefit of my children and the issue of any
deceased child of mine, as follows:
a. Trust B shall be divided into as many equal shares as I have children
then living, counting and treating as a then living child of mine, the then
living issue of a child of mine who is then deceased. Trustee shall
distribute one such share to each then living child of mine and one
such share, per sfirpes, to the then living issue of a child of mine who
is then deceased in accordance with subparagraph b hereof.
b. Each separate trust which is held for a child and/or issued of a
deceased child of mine shall be administered and distributed as
follows:
i. Prior to such issue attaining twenty-five (25) years of age,
Trustee shall distribute to, or apply for the benefit of, such issue,
such amounts of the net income and/or principal from the trust
held for such issue as Trustee deems necessary or advisable
for such one's health, support, maintenance and/or education,
taking into consideration his or her accustomed standard of
living and any other resources he or she may have of which
Trustee knows, adding any income not so distributed to principal
annually. In addition, prior to such issue attaining twenty-five
(25) years of age, Trustee may, in Trustee's sole and absolute
discretion, distribute principal from the trust held for such issue
to such issue to make a down payment on a home.
Page 4 of 11
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ii. At such time that such Issue attains twenty-five (25) years of
age, he or she shall, upon written request, be paid the entire
balance of such issue's trust, absolutely, and the trust as to
such issue shall thereupon terminate.
b. If an issue of a deceased child of mine, for whom a separate trust is
held hereunder, dies prior to the time herein set for full distribution of
such trust to him or her, such trust shall be distributed to such one's
then living issue, per stirpes, or, if no such issue are then living, to the
then living issue, per stirpes, of the person who is next in line of lineal
ascent from such one to me (including me in such line) and who has
one or more issue who are then living; provided, however, any trust
property that would otherwise be distributable to a person for whom a
separate trust is then held hereunder shall instead be added thereto;
and provided further, any trust property that would otherwise be
distributable to an issue of a deceased child of mine under twenty-five
(25) years of age for whom no separate trust share is held hereunder
shall instead be retained hereunder as a separate trust for such person
and administered and distributed in accordance with the terms of
paragraph 3b of this Article.
4. Notwithstanding any other provisions herein, no Trustee (other than the
original Trustee) shall make any discretionary distribution of income and/or
principal the legal effect of which is to satisfy an obligation of support held
by such Trustee in his or her individual capacity.
5. At such time or in such event that there shall be no one living to whom
distribution of income and principal may be made in accordance with the
terms of this Trust Agreement, then such income and principal shall vest
in and be distributed in equal shares to the following;
i. The Nature Conservancy, a nonprofit corporation, organized and
existing under the laws of the District of Columbia, and with a present
business address of 1815 North Lynn Street, Arlington, Virglnla
22209.
ii. The Salvation Army, to be used for the operation of programs of the
Salvation Army in Harrisburg, Pennsylvania.
6. Notwithstanding anything contained in this Trust Agreement to the
contrary, if any part of the Trust Estate shall not have been distributed on
the day preceding the expiration of twenty-one (21) years following the
death of the last survivor of myself and the beneficiaries hereunder in
being at the time of the execution of this Trust Agreement, then, on such
day, all beneficial interests in and to each share of the Trust Estate held
hereunder shall vest in and be distributed to those beneficiaries specified
Page 5 of 11
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; . . 0
in this Agreement for whose primary benefit such trust share is then being
held by Trustee.
ARTICLE VI
MINORS AND INCAPACITATED PERSONS
If any income or principal shall be payable to any person who shall be a minor or
who shall be incapacitated for any reason, Trustee shall hold such income and principal
during minority or incapacity and shall be entitled to apply such income and principal to
the health, maintenance, support and education of such person during minority or
incapacity without the appointment of any guardian or committee or any authority of
court. Trustee shall be entitled to make direct application hereunder or to make
application by payment of income and principal to the parent or other person in charge
of such minor or incapacitated person, or to his guardian or to a custodian under the
Uniform Transfers to Minors Act. Any remaining income and principal to which such
person shall be entitled shall be paid and distributed to such person upon the
termination of minority or incapacity.
ARTICLE VII
PROTECTION OF BENEFICIARIES
(SPENDTHRIFT PROVISION)
No interest in income or principal shall be assignable by a beneficiary or
available to anyone having a claim against a beneficiary before actual payment to the
beneficiary. Provided, however, any beneficiary may assign any part or all of the
beneficiary's interest in this Trust to any one or more of my descendants or those of the
beneficiary.
ARTICLE Vill
APPOINTMENT OF TRUSTEE
Upon my death, I hereby nominate, constitute and appoint my wife, Romayne F.
Mattson, to be Trustee of any trust established under this Revocable Trust Agreement.
In the event of the death, resignation, refusal or inability of my wife to serve as Trustee,
I nominate, constitute and appoint my daughter, Barbara Jean Mattson, to serve as
Trustee. In the event of the death, resignation, refusal or inability of Barbara Jean
Mattson to serve as Trustee, I nominate, constitute and appoint my son, Scott Marshall
Mattson, to serve as Trustee in her place. My Trustee shalt be entitled to receive
reasonable compensation for such fiduciary's services hereunder.
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ARTICLE IX
POWERS OF TRUSTEE
My Trustee and his successors shall have the following powers in addition to
those given by law to be exercised by him in his absolute discretion, which powers shall
be applicable to all property held by him, including property held for minors or
incapacitated persons, effective without the order of any court, and until actual
distribution of all such property:
(a) To retain any investments at discretion including stock of any .
corporate fiduciary hereunder, or of a holding company controlling
it;
(b) To invest and reinvest at discretion without the obligation to
diversify and without restriction to so-called 'legal investments",
with the specific right to invest in stocks, bonds and real estate,
including non-income producing residential real estate for the E
occupancy of any present income beneficiary or beneficiaries, and
in such common Trust, diversified, money market and mutual funds
as my Trustee deems appropriate, including any such funds of any
corporate fiduciary hereunder or any successor or affiliated -
corporation or a holding company controlling it;
(c) To sell, to grant options for the sale of, or otherwise to convert any
real or personal property or interest therein, at public or private _-
sale, for such prices, at such times, in such manner and on such
terms as they may think proper, and to execute and deliver good
and sufficient conveyances, assignments and transfers thereof =
without liability of any purchaser to see to the application of the
purchase money;
(d) To borrow money and to secure its repayment by mortgage of real
or personal property, pledge of investments or otherwise, without -
liability on the part of the lenders to see to the application thereof;
(e) To compromise claims by or against Settlor's estate or any Trust -
created by this Agreement;
(f) To allocate and distribute different kinds or disproportionate shares
of property or undivided interests In property among beneficiaries or
Trusts, in cash or in kind, or partly in each;
(g) To register investments in the name of a nominee or to hold the
same unregistered in such form that they will pass by delivery;
(h) To join in any recapitalization, merger, reorganization, or voting
Trust plan affecting investments; to deposit securities under
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Agreement; to subscribe for stock and bond privileges; and
generally to exercise all rights of security holders;
(i) To manage, operate, repair, alter, or improve real estate or other
property, and to lease real estate and other property on such terms
and for such period as Trustee deems advisable even for more.
than five (5) years and beyond the duration of any Trust;
Q) To receive from Settior or from any other source any real or
personal property as additions to this Trust by deed, will or in any
other manner;
(k) To combine, without prior court approval, any Trust herein with any
other Trust with substantially similar provisions, although such other
Trust may have been created by separate instruments and by
different persons, and, if necessary to protect different future
interests, to value the assets at the time of such combination and to
record the proportionate interest of each separate Trust in the
combined fund; provided however, that no such combination shall
be permitted if the effect of such combination would be (1) to violate
the applicable rule against perpetuities; (2) to disqualify any interest
in one or more of such Trusts for a deduction for federal estate tax
purposes which would otherwise be allowable; or (3) to cause the
loss of the exempt status of one or more of such Trusts from the
imposition of the generation-skipping tax;
(1) To terminate any trust created under this Trust Agreement
whenever it becomes so small in relation to the costs of
administration as to make continuing administration uneconomical.
Upon termination, my Trustee shall distribute the principal and any
accrued or undistributed net income to the income beneficiaries in
proportion to their shares of the income. If no fixed amount of
income is payable to specific beneficiaries, my Trustee shall
distribute the principal and any accrued or undistributed net income
in equal shares to those beneficiaries who would then be entitled to
income payments from the trust.
(m) To exercise any stock options which they may receive, including
stock from any source as the Trustee may deem necessary for the
exercise of such options; and to pledge assets as Trustee deems
appropriate for this purpose; and
(n) To do all other acts and things necessary and appropriate in the
management, administration and distribution of this Trust.
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ARTICLE X
RESIGNATION OR REMOVAL OF TRUSTEE
Any Trustee may resign at any time without court approval by giving written
notice to me or to my personal representatives. If I am not living, written notice shall be
given to my successor Trustee, or if there is no successor, to the beneficiaries then
entitled to receive income or principal distributions under this Agreement, to their
respective personal representatives, or if such beneficiaries then be minors, to the
persons having the care or custody of them.
Settlor has the right to remove any Trustee appointed under this Agreement at
any time with no requirement that the removed Trustee receive any reason for such
termination. If Settlor is not living, any Trustee may be removed by a majority vote of
the beneficiaries then entitled to receive income or principal distributions under this
Revocable Trust Agreement or their personal representatives at any time for cause.
ARTICLE XI
PAYMENT OF DEATH TAXES
Upon the death of a beneficiary, Trustee shall pay any and all estate, inheritance
and other death taxes, together with interest and penalties assessed against his or her
estate by reason of the inclusion for tax purposes of his interest in this Trust, which
taxes shall be paid by the Trustee out of the Trust estate held for his or her benefit.
ARTICLE XII
GENERATION — SKIPPING TRANSFERS
With respect to generation-skipping transfers the following shall apply;
1. if after a trust has been created, the beneficiary dies before becoming
entitled to receive full distribution, and if upon the beneficiary's death, after
taking Into account any exemption allocated to any trust created under this
Agreement, a generation-skipping transfer tax would become payable on
any portion or all of such trust because there would be a distribution to or
for the benefit of a person who is a "skip person" with respect to the
transfer of such property to such person, when the Trustee shall transfer,
pay over and distribute such property to, or in trust proportions, either
absolutely or upon such lawful trust, terms and conditions, as such
beneficiary shall appoint by Will, including, without limitation, to such
beneficiary's estate; provided, however, that such Will makes reference to
this power of appointment. If any property is not effectively appointed
pursuant to this paragraph, or, if a generation-skipping transfer tax is not
payable on any portion of such trust, then such property shall be
apportioned as provided under this instrument as though such beneficiary
had died and such property were not subject to a power to appoint created
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under this paragraph for the purposes of vesting such person with
property in order to avoid generation skipping transfer taxes.
2. Notwithstanding any other provision in this document to the contrary, the
Trustee may make divisions of a trust into two separate fractional shares,
using the fair market value of the trust assets at the time of division, with
inclusion ratios of One (the "Non-Exempt Share') and Zero (the "Exempt
Share") to be held as separate trusts upon the same terms and conditions
as provided therefore in this Agreement, provided, however where the
Trustee is given the opportunity to choose between a trust which is
Exempt and one which is Non-Exempt, the Trustee is encouraged to make
discretionary distributions for the benefit of a non-skip beneficiary first from
the Non-Exempt Trust_
3, Any generation-skipping transfer tax imposed on the termination of any
interest or power under this Agreement shall be paid out of and charged
generally by the Trustee against that portion of the trust property in which
the tax is imposed without contribution or reimbursement.
ARTICLE X11
WAIVER OF BOND
No fiduciary serving hereunder shall be required to furnish bond in any
jurisdiction, and if any bond is necessary, no surety shall be required.
ARTICLE XIII
REVOCABLE TRUST
This Trust shall be revocable and Settlor has the right to alter, amend or revoke
this Trust in any manner whatsoever.
ARTICLE XIV
PENNSYLVANIA LAW GOVERNS
Questions pertaining to the validity, construction and administration of the Trusts
created under this instrument shall be determined in accordance with the laws of the
Commonwealth of Pennsylvania,
ARTICLE XV
INTERCHANGEABILITY OF LANGUAGE
Words used in the singular may be read to include the plural or the plural may be
read as the singular. Similarly, the masculine form may be read to include the feminine
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and neuter; the feminine may be read to include the masculine and neuter; and the
neuter may be read to include the masculine and feminine.
ARTICLE XVI
HEADINGS
The headings used on the various paragraphs of this Agreement are Included for
convenience only and shall have no legal significance.
ARTICLE XVIi
SEVERABILITY
Should any of the provisions of this Agreement be for any reason declared
invalid, such invalidity shall not affect any of the other provisions of this Agreement, and
all invalid provisions shall be wholly disregarded in interpreting this Agreement.
The parties have signed this Trust Agreement on the day and year above written.
Signed, S ed and Delivered in the presence of:
WITNES : SETTLOR:
R and H. Mattson
WITNE TRUSTEE:
C- --- � L
Ray nd H. Mattson
WITH ALTERNATE TRUSTEE(S):
Romayne F. Mattson
Barbara Jean Mattson
Scott Marshall Mattson
F:1dbW WWSVV2ttsoniRsvocable Trust Agreementdoc
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