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HomeMy WebLinkAbout02-0602 PETITION FOR PROBATE & GRANT OF LETTERS Estate of WilLIAM E. CORNMAN also known as , deceased. No. 21-02- l.O~ To: Register of Wills for the County of Cumberland Commonwealth of Pennsylvania Social Security No. 191-18-4307 The Petition of the undersigned respectfully represents that: Your Petitioners, who are 18 years of age or older and the Co-Executors named in the last Will of the above decedent dated February 26 , 2000, and codicils dated none, 1 g~ The Executrix named Miriam L. Cornman died June 17, 2001 . Renunciations for none attached hereto. Decedent was domiciied at death in Cumberland County, Pennsylvania, with his last famiiy or principal residence at 525 West South Street, Carlisle Borouqh Decedent, then.!ill..- years of age, died June 1 Harrisburq, Dauphin Countv. Pennsvlvania , 2002, at Harrisburq Hospital. Except as follows, decedent did not marry, was not divorced and did not have a child born or adopted after execution of the Will offered for probate; was not the victim of a killing and was never adjudicated incompetent: Decedent at death owned property with estimated values as follows: (If domiciled in PAl All personal property (If not domiciled in PAl Personal property in PA (If not domiciled in PAl Personal property in County Value of real estate in Pennsylvania, situated as follows: $38,000.00 $ $ $ WHEREFORE, Petitioners respectfully requests the probate of the last Will and Codicil(s) presented herewith and the grant of letters testamentary thereon. Signature(s) and Residence(s) of Petitioner(s): ~dfi C..- RONALD L. CORNMAN 525 West South Street Carlisle, PA 17013 717-249-1170 ~ Lcu.~ ~ /<..0-, cJ.U.z. TRACIE CORNMAN n/kla TRACIE KONDEK 841 Girard Road Toms River, NJ 08753 732-270-2266 OATH OF PERSONAL REPRESENT A TIVE COMMONWEALTH OF PENNSYLVANIA ss COUNTY OF CUMBERLAND The Petitioner(s) above named swear(s) or affirm(s) that the statements in the foregoing petition are true and correct to the best of the knowiedge and beilef of Petitioner(s) and that as personal representative of the above decedent, petitioner(s) will well and truly administer the estate according to law. G2-d ~ C}.- RONALD L. CORNMAN ~Lnn~ ~;c:-,~ TRACIE CORNMAN n/k/a TRACIE KONDEK Sworn to or affirmed and subscribed before me this 1st day of Jul 2002. e - Register 17-1;;{~/~ No. 21-02- 602 Estate of WILLIAM E. CORNMAN , deceased. DECREE OF PROBATE & GRANT OF LETTERS AND NOW, Julv 1st , 2002, in consideration of the Petition on the reverse side hereof, satisfactory proof having been presented before me, IT IS DECREED that the instrument(s) dated February 26. 2000 described therein be admitted to probate and filed of record as the Last Will of William E. Cornman: and Letters Testamentary __are hereby granted to RONALD L. CORNMAN and TRACIE CORNMAN n/kla TRACIE I<ONDEK IRWIN McKNIGHT & HUGHES FEES Probate, Letters, Etc. . . . . . . . $ 70.00 Short Certificates(-3- ) . . . . $ 9.00 Renunciation(s) ... . . . . . . . . $ JCP .. . . . . . . . ... .. . . . . . . $ 5.00 Other Will Paqes (-4-) .... $ 12.00 TOTAL: .... $ 96.00 Filed .July.1st.20.02 ... .......... James D. Huqhes. Esquire (58884) ATTORNEY (Sup. Ct. I.D. No.) 60 West Pomfret Sl.. Carlisle, PA 17013 ADDRESS 717-249-2353 PHONE < : 'i'~j ,-., c'.__,' l- -,n Call Attorney 33@es D. Hughes 249-2353 H'n~_~Il' 1{f:.V ".",~!, This is to certiFy that the information here give:] is correctly copi~d fror~l an original certificate of death du!~ filed with Local Registrar. The original certificate will be forwarded to the State VItal Records Office for permanent hlIng. me as WARNING: It is illegal to duplicate this copy by photostat or photograph. p 83137S0 No. ~;.-- ~. ~.... ..~ Local Registrar Fec for this certifIcate, $2.00 JUN ' 3 zaal Date H10!.1"3R....2187 COMMONWEALTH OF PENNSYLVANIA. DEPARTMENT OF HEALTH. VITAL RECORDS CERTIFICATE OF DEATH "" 80 ...... COl.IHTYOFOERli UNOEFlIMr -1"'- '" ~t:NT - ,. "'GE(lQ:~ or UNOEFllYU.FI - ~~ .. N\ 611IDiPV<CE(C~-"<I sw.... fQ~Cwnl>'Yl ~A Sprln A_O :="YlO ".."" '" - .... Cuml::erland -....7 17d.1>> :r....~::ol IoIOTtlEA.SN...IdE(F....M"'*.M.-.Su/"""'1I) MARIT"'l STATUS. MornH _toIlIT~~. -- ,.~iOCMed 'h.D .....,--.......... FIACE."-I_.........Wh... ole. ",,- . White """""""0'''' (w_.~__ ~. u hin .... Harrisbur I<INDOFlIUSlfE.SSI1MOOS1P.Y DE DENl'SUS\h\lClCCUPJIO'"," (~"=::';"~':::~:'f . II Letter Carrier 1tll~rlisle Post Offi Ot:atlEKf.stI.NUHQADOf\EsalSlr",Cil'f/bIon.~,r",CO<lel ~NT'S 17..St.lPI RESIDENCE -- -- 525 West South Str. ,..Carlisle, PA 17013 MnE/Il.S......ME"(FirII.M_,Lnl) 1" Charles H. CDrnman IHI'OA""",,",SPWMl(fI'f*Prir<I) Ronald L. Cornman METHOOOI'OlSPOSlTIOH O I!lufIalOk c,_O R_I,"""S1~.O ClonMiGn OIIW/Spooc"l" ,. SlGHRIJf'Ii: OF FU ~ Carlisle ,t1~ . 5 2002 llCl;I1SENlJ'M9f.A .FD 012633 L ,Ms. INFOAMANT'SMAlUNOAOORE5S\SIr".~.StN. Z"iIlcw.l 525 West South Str. Carlisle PA 17013 I'u.a:.CF~POSl1lQti.>>am.oIc.m"''Y. C..mllOt'\' lOC,Q"ION.C/ryII'own. S1-'l'. n>c- 1If0l""'~ t. Holly Springs, tiMt. Holl Sr' s 114.. NAME"IoND"'llOflESSOFFACIUTY &in Brothers Funeral Hone llCENSENUMBE"P. 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C.""(I)'nd )l......_U~.,.....................,..........-.................................................................... REG,STRAR'SSfGNAWRf .BER 1<-<l> I".<{-S. ~.~~~ ~I "'-II ,DI ". - LAST WILL & TESTAMENT - (Pour-over Will) 21-2002-602 WILLIAM E. CORNMAN L WILLIAM E. CORNMAN, a resident of Cumberland County, State of Pennsylvania, revoke any prior Wills and Codicils and make this my Last Will & Testament. ARTICLE ONE - Payment of Expenses & Taxes - I instruct my Personal Representative to make payments from my estate viz: 1. Except to the extent paid by United States obligations accepted by the United States Treasury Department at par in payment of federal estate taxes that are assets of the - and that are required to be applied by the Trustee of said Trust in payment of federal estate taxes that become due because of my death, my Personal Representative shall pay said federal estate taxes by first applying to such payment any such United States obligations that are assets of my estate. FAMILY TRUST 2 G z. o-zr-i> 2. My Personal Representative shall pay from the residue of my estate or shall direct the Trustee of said Trust to pay, or both, as determined in the sole discretion of my Personal Representative, the expenses of my last illness and funeral, valid debts, expenses of administering my estate, including non-probate assets, and any estate or other death taxes which become due because of my death, including any interest and penalties. 3. It is the purpose and intent of this Paragraph (and Sub-Paragraphs) that, so far as is practical, any estate taxes paid shall be paid out of my entire estate whether passing by this Will or otherwise concerning property over which I possessed a general power of appointment, before distribution to any beneficiary: 3.1. If estate (or income) tax or any part thereof is paid by, or collected out of, that part of my estate passing to or in the possession of any person other than my Personal Representative, in its capacity as Personal Representative, such person shall be entitled to reimbursement out of any part of my estate, or otherwise, still undistributed. Such reimbursements may be by a just and equitable contribution by the persons whose interest in my estate would have been reduced if the tax had been paid before distribution or whose interest is subject to equal or prior liability for the payment of taxes, debts, or other charges against my estate. 3.2. If any part of my gross estate on which estate tax has been paid consists of the value of property included in my gross estate under IRC Section 2041, my 1 Personal Representative shall be entitled to recover from the person (or persons, prorata if more than one recipient) receiving such property by reason of the exercise, nonexercise, or release of a power of appointment, such portion of the total tax paid as the value of such property bears to the taxable estate. 3.3. In the case of any such property received by my spouse for which a deduction is allowed under IRC Section 2056 (relating to the marital deduction), this Paragraph (and Sub-Paragraphs) shall not apply to such property except as to the value thereof reduced by an amount equal to the excess of the aggregate amount of the marital deductions allowed under Section 2056. 3.4. If any part of my gross estate consists of property which is includible in my gross estate by reason of IRC Section 2044, relating to certain property for which a marital deduction was previously allowed, my estate shall be entitled to recover from the person receiving the property the amount by which the total tax which has been paid exceeds the total tax which would have been payable if the value of such property had not been included in my gross estate. 3.5. My Personal Representative may (i) exercise all of the foregoing elections and any others available under any tax law, to obtain, to the extent practicable, both the optimum reduction in my estate taxes and in the income taxes estimated to be payable by my estate or the beneficiaries thereof, any business interests in my estate and the optimum deferral of all of those taxes, (ii) make adjustments between income and principal amounts and to allocate the benefits from any election among the various beneficiaries of my estate, and (iii) compensate for the consequences of any election that it believes has had the effect of preferring one beneficiary or a group of beneficiaries of my estate over others. 3.6. All such foregoing elections and adjustments shall not, however, diminish any portion that would create an adverse taxable event to my estate or beneficiaries thereof. ARTICLE TWO - Specific Allocations - I give and bequeath the following: 1. I give all of my tangible personal property (unless such has been transferred to, and otherwise designated in, said Trust) to my wife if she survives me, or if she does not survive me, to the Trustee of the - CO~~~LYTRUST Dated: Z c:, . Z-c:r-tTV 2. I give all interests in real property used by me or my wife for residential purposes, and all real estate contiguous to or used in conjunction with such property, to my wife if she survives me (unless such property has been transferred to, and otherwise designated in, said Trust). 2 ARTICLE THREE - Estate Residue Disposition- I give the rest, residue and remainder of my estate, that may not have been transferred to said Trust during my lifetime, consisting of all the property I can dispose of by my Will and not effectively disposed of by the preceding Articles of this Will, to the Trustee of said Trust, as amended and existing at my death, in order to be added to and disposed of as a part of the assets of such Trust. ARTICLE FOUR - Personal Representative Appointment - I hereby nominate and appoint my wife, MIRIAM CORNMAN, to serve as the Personal Representative of my Will. 1. My wife shall have the power to nominate any additional or Successor Personal Representative. 2. If my wife is unable or unwilling to serve, then I hereby nominate RONALD L. CORNMAN & TRACIE CORNMAN to serve together; or, one shall serve alone if the other is unwilling or unable to serve. ARTICLE FIVE - Fiduciary Provisions - The following shall apply to my Fiduciary / Personal Representative: 1. Administrative Powers: My Personal Representative, in addition to all other powers conferred by law that are not inconsistent with those contained herein, shall have the power, exercisable without authorization of any court to (i) sell at private or public sale, to retain, to lease, and to mortgage or pledge for the purpose of borrowing money, any or all of the real or personal property of my probate estate (if any), (ii) make partial distributions from my probate estate (if any) from time to time and to distribute the residue in cash or in kind or partly in each, and for that purpose to determine the value of property distributed in kind, and (iii) sell to, buy from, lend to, and borrow from the Trustee of said Trust even though such Trustee may be the same as my Personal Representative. 2. Administrative Provisions: 2.1. I direct unsupervised administration of my estate and that my probate estate (if any) be administered in as informal a manner as my Personal Representative deems advisable and as applicable law permits. No bond or other indemnity shall be required of any Personal Representative. I expressly waive any requirement that any Trust created by me be submitted to the jurisdiction of any court, or that the Trustee of such Trust(s) be appointed or confirmed, or that their accounts be heard by any court. This waiver shall not prevent any Trustee or beneficiary from requesting any of these procedures. 3 2.2. To effect the nomination of my Personal Representative, the person possessing the nomination shall file with the court, having jurisdiction over my estate, at any time after the date of my death. If a 30-day period lapses during which no Personal Representative is acting hereunder and no nomination is filed with the court, a statement that a designated person or entity is nominated as an additional or Successor Personal Representative shall be filed, by the heirs (beneficiaries) of my estate, to effectively appoint a Successor Personal Representative on my behalf. ARTICLE SIX - Postmortem Directives - I have no specific directives concerning the disposal of my body or a memorial service other than those arrangements I have made, either verbally or expressly, with my Personal Representative or family member(s) or other entity. ARTICLE SEVEN - Contents of Will, Testimonial and Attestation Provisions - This Last Will & Testament consists of seven (7) Articles (this Article inclusive) and four (4) pages. Following this (final) Article Seven is an unnumbered page containing a self-proving affidavit. I: ~~~ESS W~ I HAVE HEREUNTO SET MY HAND AND SEAL THIS ,0"" DAY OF. ~~ ~ , xl.A)~L.I?~ WILLIAM E. CORNMAN Signed, sealed, published and declared by the above named Testator as (and for) his Last Will & Testament in our presence who, at his request, in his presence and in the presence of each other, have hereunto subscribed our names as witnesses. x ~~ Y/~ <~y~ Itness , / t.~ ./~ A..ddr~. ' I'" r Gat. . t:'L _ Address L/ Subscribed, sworn to and acknowl -20 ~ay of NOTARY SEAL: 4 - AFFIDAVIT OF TESTATOR- STATE OF PENNSYLVANIA COUNTY OF CUMBERLAND I, WILLIAM E. CORNMAN, the Testator of the within, hereby certify that I executed my signature on said Will this - , dh$""YO""~~ ~. I further certify that I requested signatures as tnesses to my Last Will & Testament from the following individuals: ~~W1e:S t {'/."uit (and) Witness Name .~ WILLIAM E. CORNMAN ~ x - AFFIDAVIT OF WITNESSES - We, LJ"U1= L HI4./p- & /l//~E cI ~;/f" . (the witnesses), being first duly sworn, do depose and say to the undersigned authority that we witnessed the Testator's execution of his Last Will & Testament and that he signed it willingly and that each of us, in the presence and hearing of the Testator, hereby sign herein as witness to the Testator's signing, and that to the best of our knowledge the Testator is eighteen years of age or older, of sound mind, under no constraint or undue influence and competent to make testamentary disposition of real and personal property. x~~7f~ x(~:~_J~Ak Witness / J' Su5scribed, sworn to and acknowl '" / #. 0( ~ day of C~//~ A~ ... I . ~ )-:7 ( /.91 Address ged before me this - 2-~ NOTARY SEAL: x Notarial Se!ll Paullne 1. Serfass, Nolary Public MIlford Twp.. Bucl<s County My Commission EXplf96 Jan. 27, aQlI1 ember Pennsvlvani~ Association of Notarie~ J- CERTIFICATION OF NOTICE UNDER RULE 5.6(a) Name of Decedent: WILLIAM E. CORNMAN Date of Death: JUNE 1. 2002 Estate No.: 21-02-0602 To the Register: I certify that notice of the beneficial interest required by Rule 5.6(a) of the Orphan's Court Rules was served on or mailed to the following beneficiaries of the above-captioned estate on August 12. 2002 Name Address Ronald 1. Cornman Tracie Kondek 525 West South Street. Carlisle. PA 17013 841 Girard Road. Toms River. NJ 08753 l James D. Hue-hes. Esouire Notice has now been given to all persons entitled thereto under R,~ except none. -----.,' ,/ Date: 08/12/02 Address 60 West Pomfret Street Carlisle. PA 17013 Telephone (717) 249-2353 Capacity: Personal Representative x Counsel for Personal Representative COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES OEPT.280601 HARRISBURG, PA 17128-0601 REV-1162 EX(11-96) RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT HUGHES JAMES D ESQUIRE 60 WEST POMFRET STREET CARLISLE, PA 17013 _hnn_ fold ESTATE INFORMATION: SSN: 191-18-4307 FILE NUMBER: 2102-0602 DECEDENT NAME: CORNMAN WILLIAM E DATE OF PAYMENT: 08/29/2002 POSTMARK DATE: 00/00/0000 COUNTY: CUMBERLAND DATE OF DEATH: 06/01/2002 NO. CD 001581 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 I $10,500.00 I I I I I I I I TOTAL AMOUNT PAID: REMARKS: RONALD L CORNMAN C/O JAMES HUGHES ESQUIRE CHECK# 6030 SEAL INITIALS: VZ RECEIVED BY: REGISTER OF WILLS $10,500.00 MARY C. LEWIS REGISTER OF WILLS /1-?.:2- /Y REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT REV-1500 EX + (6~OO) CAPB HpR~ EplO CRAC KOTK ES C P o 0 R N R D E E S N T C o M P T U A T X A T I o N FILE NUMBER / OFFICIAL USE ONLY 21-02-0602 D E C E D E N T COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 O!::CEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) Cornman William E. DATE OF DEATH (MM-DD-YEAR) COUNTY CODE YEAR SOCIAL SECURITY NUMBER 191-18-4307 THIS RETURN MUST BE FiLED 1M DUPLICATE WITH THE Copyright (c) 2000 form software only The Lackner Group, Inc. DATE OF BIRTH (MM-DD-YEAR] NUM6ER REGISTER OF WILLS SOCIAL SECURITY NUMBER 06/01/2002 06/14 1921 I APPLICABLE SURVIVING SPOUSE'S NAME LAST, FIRST, AND Ml OLE INITIAL X 1. Original Return 4. Limited Estate X 6. Decedent Died Testate 2. Supplemental Return 4a. Future Interest Compromise (date of death after 12-12.-82) X 7. Decedent Maintained a living Trust 0 (Attach copy of Trust) (Attach copy of Will) o 9. L.ltigation Pr.oceeds Received 3. date of death . Remamder Return prior to 12-13~82) 5. Federal Estate TID( Return Required 8. Total Number of Safe Deposit Boxes 010. Spousal Poverty Credit 0 11. Electfon to tax under Sec. 9113(A) (date of death between 12-31-91 and 1- 1-95) (AttaCh Sch 0) " SEC N US',SI!eO l D;'COII !Po S...... ''''''''Ti;1T; . -,^TlOrlSIlOiil:.ils iilscTED,'ro, ,~ JIOM T folP en: AU; RIi ND _~~_.. M, \HI'OIlM . P:.Q .,. COMPLETE MAILING ADDRESS NAME 60 West Pomfret Street West Pomfret Professional Bldg. Carlisle, PA 17013 IRWIN McKNIGHT & HUGHES TELEPHONE NUMBER R E C A P I T U ~ A T I o N 4 - 3 1. Real Estate (Schedule A) 2. Stocks and Bonds {Schedule B) 3. Closely Held Corporation, Partnership or Sole-Proprietorship 4. Mortgages & Notes Receivable (Schedule D) 5. Cash. Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Joinlly Owned Property (Schedule F) o Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) (9) 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10) 11. Total Deductions (Iota I Lines 9 & 10) 12. Net Value of Estate (Line 8 minus Line 11) 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) 14. Net Value Sub"eet to Tax (Line 12 minus Line 13) OFFICIAL USE ONLY (8) 262,337.19 (11) 30.410.64 (12) 231,926.55 (13) (14) 231,926.55 (15) (16) (17) (18) (19) 0.00 10,436.69 0.00 0.00 10,436.69 (1) (2) (3) None 38,033.60 NoIle (4) (5) None None (6) None 224,303.59 30,284.04 126.60 SEE INSTRUCTIONS ON REVERSE SIDE FOR APP~ICAB~E RATES 15. Amount of Line 14 taxable at the spousal tax rate. 01 transfers under See, 9116(a)(1.2) 16. Amount of Line 141axable at lineal rale 231,926.55 17. Amount of Line 14 taxable at sibling rate 18. Amount of Line 14 taxable at collateral rate 19. Tax Due X x X X X .0 0 .04S .12 ,15 Form REV-1500 EX (Rev. 6-00) , Decedent's Complete Address: STREET ADDRESS 525 lIest South Street 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) 10,436.69 0.00 10,500.00 521.83 Total Credits ( A + B + C) (2) II ,021. 83 3. Interest/Penalty jf applicable D. Interest E. Penalty Total Interest/Penalty ( D + E) (3) 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 (4) 5. If Line 1 + line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) A. Enter the interest on the tax due. {SA} B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) . Make Check Payable to: REGISTER OF WillS, AGENT . .;"':::1::::1::::::::::i::i:::[::::1:;:::::::::::;:;1:::)l!!:!!!!:!!!!:!!!1:!!:!:i1!!::!:::i!i!!!!:!!!!i!!!iii!!!:!!:!!!!:!:!!:!!!!!!!:!:!!!:::!!::!:!:!!::::!!!:!!l!:!!ii!:i:::::::[:::!i!i:!!l::)ii ::::!!!!!:!!~!:i::ii::::::::!!!l!i::!!:: i!!i!ii:l: PLEASE ANSWER THE FOllOWING QUESTIONS BY PLACING AN "X'; 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 for" or payable upon death bank account or security at his or her death? . 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? . . . . . . IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FilE IT AS PART OF THE RETURN. 0.00 585.14 0.00 0.00 0.00 """""::";;"i[!i!;;i""""'" o o []] [!l ITI o 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 alllnformatron of which preparer has any knowledge SIGNATURE OF PERS(32:~OR F~RE:'~ _ _~~?~_~:~ ~_~ _ ~;_~~;~ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ . Carlisle, PA 17013 SIGNATURE OF PREPARE H THAN REPRESENTATIVE IRWIN McKNIGHT & HUGHES 60 lIest Pomfret Street - - -Car ri~ie-'- - Pi>.- - - i 7"6i3- - - - -- - - - - - - - - - - - - - - - - - - - -- 031Z{!03 For d es of deat 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 survi '"9 spous 3% [72 P.S. 9116 (a) (1.1) 0)]. For d~ eath 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% [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.S. 9116(1.2) [72P.S.9116(aX1)]. 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(aX1.3)]. 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. Copyright (cl 2000 form software only The Lackner Group, Inc. Form REV-1500 EX (Rev. 6-00) " ADDITIONAL Personal Representatives Estate of William E. Cornman SS# 191-18-4307 06/01/2002 ******************************************************* Under penalties of perjury, the undersigned declare that they have examined this return, including accompanying schedules and statements, and to the best of their knowledge and belief, it is true, correct and complete. Signature ~ ~ LL.::,... ~ Name Address Line 1 Address Line 2 City, State, Zip Tracie Kondek 61 Strayer Drive Date Carlisle, PA 17013 d~ ~'1 - "C =3. REV-'5I1ljEX +('-'37) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF William E. Cornman 551! 191-18-4307 06/01/2002 21-02-0602 All property jointly-owned with right of survivorship must be disclosed on Schedule F. FILE NUMBER ITEM VALUE AT DATE DESCRIPTION UNIT VALUE NUMBER OF DEATH 1 880 shares Verizon Conununications Inc. . traded on the 43.22 38,033.60 NY5E, common TOTAL (Also enter on line 2, Recapitulation) 38,033.60 (It more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1503 EX (Rev. 1-97) REV-1S~ EX +(1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX ReTURN RESIDENT DECEDENT ESTATE OF William E. Cornman SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY SS# 191-18-4307 06/01/2002 FILE NUMBER 21-02-0602 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page 2 is yes. DESCRIPTION OF PROPERTY "to OF ITEM AELAWg~M~l~ ~~~~~~5~~!~~J~~~~Ir~E~F ~~~~SFER. DATE OF DEATH DECO'S EXCLUSION TAXABLE VALUE NUMBER ATTACH ACOPYOFTHE DEED FOR REAL ESTATE. VALUE OF ASSET INTEREST (IF APPLICABLE) 1 525 South Street, Carlisle 146,000.00 146,000.00 Borough, Cumberland County 2 M&T Bank, checking account 35,839.58 35,839.58 3 M&T Bank, savings 15,092.01 15,092.01 4 Miscellaneous personal 27,372.00 27,372.00 property TOTAL (Also enter on tine 7, Recapitulation) $ 224,303.59 (If more space is needed, insert additional sheets of the same size) Copyrlght(c) 1996 form software only CPSystems, Inc. Form REV-1510 EX (Rev. t-97) REV - '5~"i EX + (1-97) SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF William E. Cornman 06/01/2002 FILE NUMBER 21-02-0602 SS!! 191-18-4307 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES, 1 Ewing Brothers Funeral Home 5,930.00 2 George's Flowers 158.73 3 Meal 300.00 B. ADMINISTRATIVE COSTS, 1. Personal Representative's Commissions Name of Personal Representative(s) Social Security Number(s) / EIN Number of Personal Representative(s) Street Address Ciry State Zip - Year(s) Commission Paid: Z. Attorney's Fees IRWIN McKNIGHT & HUGHES 4,300.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) 3,500.00 Claimant Ronald L. Cornman Street Address 525 West South Street Ciry Carlisle State PA Zip 17013 Relationship of Claimant to Decedent son 4. Probate Fees Register of Wills 96.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 1 Cumberland Law Journal - estate notice publication 75.00 2 Kenny's Auction 4,628.51 3 Register of Wills - filing fee 25.00 4 Settlement charges on sale of real estate 10,977.80 5 The Sentinel - Legal - estate notice publication 93.00 6 Wolfe & Shearer Realtors - appraisal fee 200.00 TOTAL (Also enter on line 9, Recapitulation) $ 30,284.04 (It more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1511 EX (Rev. 1-97) r REV -1511EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT D~CEDENT ESTATE OF William E. Cornman SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, AND LIENS SSff 191-18-4307 06/01/2002 FILE NUMBER 21-02-0602 Include unreimbursed medical expenses. ITEM NUMBER 1 Carlisle Borough DESCRIPTION water/sewer AMOUNT 39.06 2 Comcast Cable 39.55 3 PP&L 47.99 TOTAL (Also enter on fine 10, Recapitulation) S 126.60 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSysterns, Inc. Form REV-1512 EX (Rev. 1-97) REV- '5'~E){ + (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF William E. Cornman SCHEDULE J BENEFICIARIES SSifr 191-18-4307 06/01/2002 FILE NUMBER 21-02-0602 RELATI<?NSHIP TO DEC~DENT AMOUi'JT OR SHARE Do NolLislT.ustee(s) OF ESTATE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY I. TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116{a)(1.2)] 1 Kelly Cornman 606 Avenida Victoria San Clemente, CA 92672 Granddaughter 25% of remainder 2 Ronald L. Cornman 188 Faith Circle Carlisle, PA 17013 Son 50% of remainder 3 Tracie Cornman Kondek 61 Strayer Drive Carlisle, PA 17013 Granddaughter 25% of remainder ENTER DOLLAR AMTS. FOR DISTRIBUTIONS SHOWN ABOVE ON LN. 15 THRU 18, AS APPROPRIATE, ON REV 1500 COVER SHEET /I. 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 /I - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV 1500 COVER SHEET $ (If MOre space is needed, insert additiol'lal sheets of the same size) Copyrlght (c) .2000 form software only The Lackner Group, Inc. 0.00 Form REV-1513 EX (Rev. 9-00) - LAST WILL & TESTAMENT - (Pour-over Will) WILLIAM E. CORNMAN L WILLIAM E. CORNMAN, a resident of Cumberland County, State of Pennsylvania, revoke any prior Wills and Codicils and make this my Last Will & Testament. ARTICLE ONE - Payment of Expenses & Taxes - I instruct my Personal Representative to make payments from my estate viz: 1. Except to the extent paid by United States obligations accepted by the United States Treasury Department at par in payment of federal estate taxes that are assets of the - COV~ FAMILY TRUST 2- =-i) Dated: ~.A7 2. 0 , and that are required to be applied by the Trustee of said Trust in payment of federal estate taxes that become due. because of my death, my Personal Representative shall pay said federal estate taxes by first applying to such payment any such United States obligations that are assets of my estate. 2. My Personal Representative shall pay from the residue of my estate or shall direct the Trustee of said Trust to pay, or both, as determined in the sole discretion of my Personal Representative, the expenses of my last illness and funeral, valid debts, expenses of administering my estate, including non-probate assets, and any estate or other death taxes which become due because of my death, including any interest and penalties. 3. It is the purpose and intent of this Paragraph (and Sub-Paragraphs) that, so far as is practical, any estate taxes paid shall be paid out of my entire estate whether passing by this Will or otherwise concerning property over which I possessed a general power of appointment, before distribution to any beneficiary: 3.1. If estate (or income) tax or any part thereof is paid by, or collected out of, that part of my estate passing to or in the possession of any person other than my Personal Representative, in its capacity as Personal Representative, such person shall be entitled to reimbursement out of any part of my estate, or otherwise, still undistributed. Such reimbursements may be by a just and equitable contribution by the persons whose interest in my estate would have been reduced if the tax had been paid before distribution or whose interest is subject to equal or prior liability for the payment of taxes, debts, or other charges against my estate. 3.2. If any part of my gross estate on which estate tax has been paid consists of the value of property included in my gross estate under IRC Section 2041, my 1 Personal Representative shall be entitled to recover from the person (or persons, prorata if more than one recipient) receiving such property by reason of the exercise, nonexercise, or release of a power of appointment, such portion of the total tax paid as the value of such property bears to the taxable estate. 3.3. In the case of any such property received by my spouse for which a deduction is allowed under IRC Section 2056 (relating to the marital deduction), this Paragraph (and Sub-Paragraphs) shall not apply to such property except as to the value thereof reduced by an amount equal to the excess of the aggregate amount of the marital deductions allowed under Section 2056. 3.4. If any part of my gross estate consists of property which is includible in my gross estate by reason of IRC Section 2044, relating to certain property for which a marital deduction was previously allowed, my estate shall be entitled to recover from the person receiving the property the amount by which the total tax which has been paid exceeds the total tax which would have been payable if the value of such property had not been included in my gross estate. 3.5. My Personal Representative may (i) exercise all of the foregoing elections and any others available under any tax law, to obtain, to the extent practicable, both the optimum reduction in my estate taxes and in the income taxes estimated to be payable by my estate or the beneficiaries th!'reof, any business interests in my estate and the optimum deferral of all of those taxes, (ii) make adjustments between income and principal amounts and to allocate the benefits from any election among the various beneficiaries of my estate, and (iii) compensate for the consequences of any election that it believes has had the effect of preferring one beneficiary or a group of beneficiaries of my estate over others. 3.6. All such foregoing elections and adjustments shall not, however, diminish any portion that would create an adverse taxable event to my estate or beneficiaries thereof. ARTICLE TWO - Specific Allocations - I give and bequeath the following: 1. I give all of my tangible personal property (unless such has been transferred to, and otherwise designated in, said Trust) to my wife if she survives me, or if she does not survive me, to the Trustee of the - CO~;\N FA MIL Y TRUST Dated: . ~~I z 0 .2-o-e-<J 2. I give all interests in real property used by me or my wife for residential purposes, and all real estate contiguous to or used in conjunction with such property, to my wife if she survives me (unless such property has been transferred to, and otherwise designated in, said Trust). 2 ARTICLE THREE - Estate Residue Disposition- I give the rest, residue and remainder of my estate, that may not have been transferred to said Trust during my lifetime, consisting of all the property I can dispose of by my Will and not effectively disposed of by the preceding Articles of this Will, to the Trustee of said Trust, as amended and existing at my death, in order to be added to and disposed of as a part of the assets of such Trust. ARTICLE FOUR - Personal Representative Appointment - I hereby nominate and appoint my wife, MIRIAM CORNMAN, to serve as the Personal Representative of my Will. 1. My wife shall have the power to nominate any additional or Successor Personal Representative. 2. If my wife is unable or unwilling to serve, then I hereby nominate RONALD L. CORNMAN & TRACIE CORNMAN to serve together; or, one shall serve alone if the other is unwilling or unable to serve. ARTICLE FIVE - Fiduciary Provisions - The following shall apply to my Fiduciary / Personal Representative: 1. Administrative Powers: My Personal Representative, in addition to all other powers conferred by law that are not inconsistent with those contained herein, shall have the power, exercisable without authorization of any court to (i) sell at private or public sale, to retain, to lease, and to mortgage or pledge for the purpose of borrowing money, any or all of the real or personal property of my probate estate (if any), (ii) make partial distributions from my probate estate (if any) from time to time and to distribute the residue in cash or in kind or partly in each, and for that purpose to determine the value of property distributed in kind, and (iii) sell to, buy from, lend to, and borrow from the Trustee of said Trust even though such Trustee may be the same as my Personal Representative. 2. Administrative Provisions: 2.1. I direct unsupervised administration of my estate and that my probate estate (if any) be administered in as informal a manner as my Personal Representative deems advisable and as applicable law permits. No bond or other indemnity shall be required of any Personal Representative. I expressly waive any requirement that any Trust created by me be submitted to the jurisdiction of any court, or that the Trustee of such Trust(s) be appointed or confirmed, or that their accounts be heard by any court. This waiver shall not prevent any Trustee or beneficiary from requesting any of these procedures. 3 2.2. To effect the nomination of my Personal Representative, the person possessing the nomination shall file with the court, having jurisdiction over my estate, at any time after the date of my death. If a 30-day period lapses during which no Personal Representative is acting hereunder and no nomination is filed with the court, a statement that a designated person or entity is nominated as an additional or Successor Personal Representative shall be filed, by the heirs (beneficiaries) of my estate, to effectively appoint a Successor Personal Representative on my behalf. ARTICLE SIX - Postmortem Directives - I have no specific directives concerning the disposal of my body or a memorial service other than those arrangements I have made, either verbally. or expressly, with my Personal Representative or family member(s) or other entity. ARTICLE SEVEN - Contents of Will, Testimonial and Attestation Provisions - This Last Will & Testament consists of seven (7) Articles (this Article inclusive) and four (4) pages. Following this (final) Article Seven is an unnumbered page containing a self-proving affidavit. . ~N WITNESS W~F, I HAVE HEREUNT? SET MY HAND AND SEAL THIS ,...,.~~DAYOF. . ".<'~/c/I ,~ - -. / x L./)...t/L"."., ~ -I?~, WILLIAM E. CORNMAN Signed, sealed, published and declared by the above named Testator as (and for) his Last Will & Testament in our presence who, at his request, in his presence and in the presence of each other, have hereunto subscribed our names as witnesses. "~~7~ / sf' - / [/ ,',/ ,=:) /T "'{:2/- ( .._.., ../, .,.' '/ X \ ,/ .t.([? /. // G/ -Witness /' Cth.-d-J;; .' / ~ /~d:ress/, / l~ L/a-t~a.J:;" '?'L_ Address /' ',,-,' Subscribed, sworn to and acknowl ged before me this- .f!: V;J :2..G day of 'd-" x ~ NOTARY SEAL: / , iNotary Public Notarial Seal PauIlne T Sertass. N~ PublIc Mllford Twp., Bucks C6unIY My Cmunission EJcpII'll6 Jan. 'Z1. Q1 bolr. Pllnnsylva"ilI )\6sccL<rtlon oI11G~ 4 - AFFIDAVIT OF TESTATOR- 5T A TE OF PENN5YL VANIA COUNTY OF CUMBERLAND t WILLIAM E. CORNMAN, the Testator of the within, hereby certify that I executed my signature on said Will this - _ ~~A"dayof .L/t-!t:id/T .~0'O. I further certify that I requested signatures as witnesses to my Last Will & Testament from the following individuals: --J.k) WI e;-s J... N/tlK Witness Name (and) a~~//~~, - Witriess Name I , x CI )./}t:....,-, /.~.vz.-v1......A--~~ WILLIAM E. CORNMAN - AFFIDAVIT OF.WITNESSES - We, ,J fHl1 c's J.., II;!. /;,. & /l / /~,6 II ~{;;:;; K' ,(the witnesses), being first duly sworn, do depose and say to the undersigned authority that we witnessed the Testator's execution of his Last Will & Testament and that he signed it willingly and that each of us, in the presence and hearing of the Testator, hereby sign herein as witness to the Testator's signing, and that to the ,best of our knowledge the Testator is eighteen years of age or older, of sound mind, under no constraint or undue influence and competent to make testamentary disposition of real and personal property. x jl~? 7f,~ ,&cr;~ss" x (1:.,:'/ _/~ /(Iu; ~Witness / /J iff;.~ G~I/"'L Address, /' . /'~" j-::;::> (;d~, /A Address ' NOTARY5EAL: \,..../ 5u1:::iscribed, sworn to and acknowl ,dged before me this - -'>/73 rIJ 0<.. \0 dayof:t..ff- "2..~ a.?~ I- iNotary Public x -.--- (I Nctar'Eri Seiri PP--c~np T. S:?rtBss, Notary POOl~ Mlfinrd Twp.. Bucks Count... loly Comm\ssmn ExpIr"" Jac" zt ..XI; It ?mber PefH:-twlvtini" 4SJDCiilti:w of Nllt,~~!% - LAST WILL & TESTAMENT- (Pour-over Will) WILLIAM E. CORNMAN L WILLIAM E. CORNMAN, a resident of Cumberland County, State of Pennsylvania, revoke any prior Wills and Codicils and make this my Last Will & Testament. ARTICLE ONE - Payment of Expenses & Taxes - I instruct my Personal Representative to make payments from my estate viz: 1. Except to the extent paid by United States obligations accepted by the United States Treasury Department at par in payment of federal estate taxes that are assets of the - CORr;~MIL Y TRUST Dated: ''} 2. (, . z. =-i) and that are required to be applied by the Trustee of said Trust in payment of federal estate taxes that become due because of my death, my Personal Representative shall pay said federal estate taxes by first applying to such payment any such United States obligations that are assets of my estate. 2. My Personal Representative shall pay from the residue of my estate or shall direct the Trustee of said Trust to pay, or both, as determined in the sole discretion of my Personal Representative, the expenses of my last illness and funeral, valid debts, expenses of administering my estate, including non-probate assets, and any estate or other death taxes which become due because of my death, including any interest and penalties. 3. It is the purpose and intent of this Paragraph (and Sub-Paragraphs) that, so far as is practical, any estate taxes paid shall be paid out of my entire estate whether passing by this Will or otherwise concerning property over which I possessed a general power of appointment, before distribution to any beneficiary: 3.1. If estate (or income) tax or any part thereof is paid by, or collected out of, that part of my estate passing to or in the possession of any person other than my Personal Representative, in its capacity as Personal Representative, such person shall be entitled to reimbursement out of any part of my estate, or otherwise, still undistributed. Such reimbursements may be by a just and equitable contribution by the persons whose interest in my estate would have been reduced if the tax had been paid before distribution or whose interest is subject to equal or prior liability for the payment of taxes, debts, or other charges against my estate. 3.2. If any part of my gross estate on which estate tax has been paid consists of the value of property included in my gross estate under IRC Section 2041, my 1 Personal Representative shall be entitled to recover from the person (or persons, prorata if more than one recipient) receiving such property by reason of the exercise, nonexercise, or release of a power of appointment, such portion of the total tax paid as the value of such property bears to the taxable estate. 3.3. In the case of any such property received by my spouse for which a deduction is allowed under IRC Section 2056 (relating to the marital deduction), this Paragraph (and Sub-Paragraphs) shall not apply to such property except as to the value thereof reduced by an amount equal to the excess of the aggregate amount of the marital deductions allowed under Section 2056. 3.4. If any part of my gross estate consists of property which is includible in my gross estate by reason of IRC Section 2044, relating to certain property for which a marital deduction was previously allowed, my estate shall be entitled to recover from the person receiving the property the amount by which the total tax which has been paid exceeds the total tax which would have been payable if the value of such property had not been included in my gross estate. 3.5. My Personal Representative may (i) exercise all of the foregoing elections and any others available under any tax law, to obtain, to the extent practicable, both the optimum reduction in my estate taxes and in the income taxes estimated to be payable by my estate or the beneficiaries thereof, any business interests in my estate and the optimum deferral of all of those. taxes, (ii) make adjustments between income and principal amounts and to allocate the benefits from any election among the various beneficiaries of my estate, and (iii) compensate for the consequences of any election that it believes has had the effect of preferring one beneficiary or a group of beneficiaries of my estate over others. 3.6. All such foregoing elections and adjustments shall not, however, diminish any portion that would create an, adverse taxable event to my estate or beneficiaries thereof. ' ARTICLE TWO - Specific Allocations - I give and bequeath the following: 1. I give all of my tangible personal property (unless such has been transferred to, and otherwise designated in, said Trust) to my wife if she survives me, or if she does not survive me, to the Trustee of the - CO~ANFAMILYTRUST Dated: ,~'-<L-\7 2- c" . 2-",,",,", 2. I give all interests in real property used by me or my wife for residential purposes, and all real estate contiguous to or used in conjunction with such property, to my wife if she survives me (unless such property has been transferred to, and otherwise designated in, said Trust). 2 ARTICLE THREE - Estate Residue Disposition- I give the rest, residue and remainder of my estate, that may not have been transferred to said Trust during my lifetime, consisting of all the property I can dispose of by my Will and not effectively disposed of by the preceding Articles of this Will, to the Trustee of said Trust, as amended and existing at my death, in order to be added to and disposed of as a part of the assets of such Trust. ARTICLE FOUR - Personal Representative Appointment - I hereby nominate and appoint my wife, MIRIAM CORNMAN, to serve as the Personal Representative of my Will. 1. My wife shall have the power to nominate any additional or Successor Personal Representative. 2. If my wife is unable or unwilling to serve, then I hereby nominate RONALD L. CORNMAN & TRACIE CORNMAN to serve together; or, one shall serve alone if the other is unwilling or unable to serve. ARTICLE FIVE - Fiduciary Provisions - The following shall apply to my Fiduciary I Personal Representative: 1. Administrative Powers: My Personal Representative, in addition to all other powers conferred by law that are not inconsistent with those contained herein, shall have the power, exercisable without authorization of any court to (i) sell at private or public sale, to retain, to lease, and to mortgage or pledge for the purpose of borrowing money, any or all of the real or personal property of my probate estate (if any), (ii) make partial distributions from my probate estate (if any) from time to time and to distribute the residue in cash or in kind or partly in each, and for that purpose to determine the value of property distributed in kind, and (iii) sell to, buy from, lend to, and borrow from the Trustee of said Trust even though such Trustee may be the same as my Personal Representative. 2. Administrative Provisions: 2.1. I direct unsupervised administration of my estate and that my probate estate (if any) be administered in as informal a manner as my Personal Representative deems advisable and as applicable law permits. No bond or other indemnity shall be required of any Personal Representative. I expressly waive any requirement that any Trust created by me be submitted to the jurisdiction of any court, or that the Trustee of such Trust(s) be appointed or confirmed, or that their accounts be heard by any court. This waiver shall not prevent any Trustee or beneficiary from requesting any of these procedures. 3 2.2. To effect the nomination of my Personal Representative, the person possessing the nomination shall file with the court, having jurisdiction over my estate, at any time after the date of my death. If a 30-day period lapses during which no Personal Representative is acting hereunder and no nomination is filed with the court, a statement that a designated person or entity is nominated as an additional or Successor Personal Representative shall be filed, by the heirs (beneficiaries) of my estate, to effectively appoint a Successor Personal Representative on my behalf. . ARTICLE SIX - Postmortem Directives - I have no specific directives concerning the disposal of my body or a memorial service other than those arrangements I have made, either verbally or expressly, with my Personal Representative or family member(s) or other entity. ARTICLE SEVEN - Contents of Will, Testimonial and Attestation Provisions - This Last Will & Testament consists of seven (7) Articles (this Article inclusive) and four (4) pages. Following this (final) Article Seven is an unnumbered page containing a selj~provil1g affidavit. Signed, sealed, published and declared by the above named Testator as (and for) his Last Will & Testament in our presence who, at his request, in his presence and in the presence of each other, have hereunto subscribed our names as witnesses. x id:~ T /~~ Wit, / '&' ...0 /,. .~ /_ / (/..? _. .\ /1 . '/~// x i ;;r.t:.:cft:7 ,r/. ,/ i/ ~r-r -Witness / / Co-JI.J; .17{ Address /'. / 0JU.Lt.a-& Address '" /~ , "''L . "--../ Subscribed, sworn to and acknowl ged before me this- GH V'/J :2... day of d-1. 2-&ro: ~.<~ x / /otary Public /~ ~ NOTARY SEAL: Notarial Se!ll Pauline T Serfass, N~ P1i:tc Milford TWJl.. SUl:ks CciunlY ' llAy Commission ElcpII96 Jan. 71, a>>i . t<!r. Pannsvl,ani!l A6scclation 01 0 4 - AFFIDAVIT OF TESTATOR- ST ATE OF PENNSYLVANIA COUNTY OF CUMBERLAND I, WILLIAM E. CORNMAN, the Testator of the within, hereby certify that I executed my signature on said Will this - c- O?t,~ay Of_-.i";/;,!{d/1 ,:::?~). I further certify that I requested signatures as wItnesses to my Last Will & Testament from the following individuals: ......J.t:l WI e;s ^- N.I'UP.. Witness Name (and) (z~ />j~;I' - Witf(ess Name X i/iL-vY1 ,L'. _P~.....,L..~ WILLIAM E. CORNMAN - AFFIDAVIT OF WITNESSES - - If . )'1/- / ///- We, eJ A WI = J... , f'I-1 i~ & /7 ~ /~~ /'. / ,//9/..-f' , (the witnesses), being first duly sworn, do depose and say to the undersigned authority that we witnessed the Testator's execution of his Last Will & Testament and that he signed it willingly and that each of us, in the presence and hearing of the Testator, hereby sign herein as witness to the Testator's signing, and that to the best of our knowledge the Testator is eighteen years of age or older, of sound mind, under no constraint or undue influence and competent to make testamentary disposition of real and personal property. x )l~? ~ ..JJ.-.. '(tin;~ss . , (/ X{J;;'r~ -f~ /fi2eq. WItness ./ 'J SuBscribed, sworn to and acknowl c2 (; ~ayof G~ (/=<- A. dd.;u:ress. I ,1~.- /? (a ,/v-c Address ' NOTARY SEAL: 2.~ x ( Notarial Se&l P>>..ulinp 1. Sert3ss, Noiary Public ~JHlcrd Twp" Bucks County MyCOi'nmiss<on EXP"96 Jan. 27 d<)(l~ pmh?~ P;~fins1/i\l::inj~ll,s30ci.3.ticf1 0f N"',~fi(;~. REVOCABLE LIVING TRUST - Declaration & Agreement - This Revocable Declaration of~~ement is made on - the ,2{; ~day of:L , 2.ocrq between WILLIAM E. CORNMAN & MIRIAM CORNMAN (Husband & Wife) domiciled in the County of Cumberland, State of Pennsylvania, hereinafter referred to as the "Settlors" and WILLIAM E. CORNMAN & MIRIAM CORNMAN domiciled in Cumberland County, State of Pennsylvania, hereinafter referred to as the "Trustee". RECITALS - Declaration of Property Ownership - The Settlors have contemporaneously transferred certain property to the Trustee by this agreement, the receipt of which they, as Trustee, hereby acknowledge. 1. The Settlors shall list all of their co-owned property on Schedule "A" attached herewith to be held in this Trust as Tenants-in-Common property. All property owned separately by WILLIAM E. CORNMAN, Husband, held in this Trust as his sole and separate property shall be listed on Schedule "B" attached herewith. All property owned separately by MIRIAM CORNMAN, Wife, held in this Trust as her sole and separate property shall be listed on Schedule "C" attached herewith. 1.1. All property co-owned by the Settlors and transferred to Trustee by the Settlors, as invested and reinvested, together with the rents, issues and profits therefrom, shall be deemed as (and retain its character as) Tenants-in-Common property of the Settlors, subject, however to the provisions of this agreement. 1.2. Sole and Separate property of either Settlor transferred to Trustee, as invested and reinvested, together with the rents, issues and profits therefrom, shall retain its character as separate property of the Settlor who transferred such property to Trustee, subject, however to the provisions of this agreement. 2. The Settlors shall list all of their tangible personal property on separate schedules (for each spouse), attached hereto and made a part hereof, in which they hereby direct that, at their death, Trustee shall (first) distribute and deliver such property to the persons described in such schedules to wit: the Husband's tangible personal property shall be listed on and distributed according to the "Husband's Chattel Schedule" and the Wife's tangible personal property shall be listed on and distributed according to the "Wife's Chattel Schedule" and the remaining Trust estate shall be distributed as the Trust estate as provided in Article Seven (infra). 3. All property with a "death benefit" owned by either Settlor which is made payable to Trustee is listed on Schedule "D" attached herewith. 1 ARTICLE ONE - Reservation of Rights - 1. The Settlors reserve the following rights, individually as to their respective interest in Tenants-in-Common property and as to their respective Separate property, to be exercised at any time and from time to time by a writing of instrument effective immediately upon its execution during their joint lives without the consent or participation of any other person: 1.1. To amend this Trust, in whole or in part, or to revoke this Trust agreement in its entirety (by a writing delivered to a Trustee other than themselves if such Trustee is serving) and to remove any respective interest in respective property transferred to this Trust. 1.2. To add any other property to this Trust by transferring such property to Trustee, which property shall be described in a receipt signed by Trustee, and to add any other property by their wills. Trustee shall administer and distribute any such property as if it had been a part of the original Trust assets. 1.3. To make payable to Trustee, death benefits from insurance on their lives, annuities, retirement plans or other sources. The Settlors reserve all incidents of ownership; and shall have the duties of safekeeping all documents, of giving any necessary notices, of obtaining proper beneficiary designations, of paying premiums, contributions, assessments or other charges and of maintaining any litigation. 1.4. To direct any Trustee as to the retention, acquisition, or disposition of any Trust assets by a writing delivered to such Trustee. Any assets retained or acquired pursuant to such directions shall be retained as a part of this Trust estate while they are Trustee unless otherwise directed in a like writing so delivered. Trustee shall not be liable to anyone for any loss resulting from any action taken in accordance with any such direction given to them by the Settlors. 1.5. To examine the records of any Trustee, appointed hereby whose administration relates to this Trust or any Trust created hereunder. 2. A Settlor's reserved powers, unless specifically provided otherwise herein or in such Settlor's Will, are personal and shall not be exercisable by any other person, any guardian or any legal representative. 3. Upon the death of either Settlor, this Trust shall be irrevocable and unamendable subject, however, to any power of appointment, right of withdrawal or right of revocation hereinafter granted to the surviving Settlor (Survivor) concerning property held in this Trust whether (i) in whole or in part, (ii) the Survivor's Trust (if any) or (iii) any other subtrust created hereunder. 4. Notwithstanding the provisions of this Article, however, the duties, powers, liabilities and compensation of Trustee shall not be materially changed or altered without Settlors' written notification to Trustee. 2 ARTICLE TWO - Trust Administration During Settlors' Lifetime - 1. Trustee shall hold and distribute, for the benefit of the Settlors, the principal and income of the Trust estate out of their respective individual interest in Tenants-in-Common and Separate property respectively as follows: 1.1. Trustee shall pay to the Settlors, or in accordance with their instructions, such portions of net income and principal as directed in a writing (or otherwise) delivered to him. 1.2. Trustee shall pay to the benefit of them, such portions of net income and principal as Trustee, in such Trustee's discretion, deems necessary or advisable to provide for their health, education, care, comfort, support, maintenance and general welfare. 2. Either Settlor may withdraw a portion or all of his/her separate property and/or interest in Tenants-in-Common property (or other jointly-held property with his/her spouse) at any time, from time to time, by a notification in writing to Trustee. ARTICLE THREE - Administration Upon Death of First Settlor - 1. The remaining Trust assets not effectively disposed of by the preceding Article Two (supra) shall be allocated, administered and distributed by Trustee upon the death of the first Settlor to die, hereinafter referred to as "Decedent", as follows (the surviving Settlor shall hereinafter be referred to as "Survivor"): 1.1. Trustee shall pay, after a prorata designation of common debts owned by the Decedent and the Survivor respectively (e.g. one half of any common debt shall be charged equally to each spouse), his or her (first spouse to die) debts, expenses of any last illness and burial costs, first out of such Decedent's Sole and Separate property unless such payment would require an unadvisable solvency of nonliquid assets of the Decedent and then out of such Decedent's interest in Tenants-in-Common property, to the extent that these shall not be paid, or the responsibility for their payment be assured, by some other person or estate. 1.2. Notwithstanding the above Paragraph 1.1., no funds or proceeds from any annuities or insurance policies that are paid to or received by the Decedent's Trust estate shall be used (unless there are no other resources remaining) for the payments of any debts, obligations and expenses of the Decedent when the use of any such proceeds would cause those proceeds to be included as property subject to state inheritance taxation. 2. Trustee shall create three (3) separate trusts viz - the (1) Survivor's Trust - Trust "A", the (2) Credit Shelter (Decedent's Trust) Trust - Trust "B", the (3) Qualified Terminable Interest Property (QTIP) Trust - Trust "C" and apportion such as follows (this division of the Trust estate, as per below, is subject to Paragraph 4, infra, of this Article): 3 2.1. Trust "A" shall consist of all of the Survivor's interest in his/her Community property, Tenants-in-Common property and all of his/her sole and separate property. 2.2. Trust "B" shall consist of the largest amount, if any, of the Decedent's separate property of this Trust estate and all of his/her interest in the Community property and any of his/her interest in Tenants-in-Common property of this Trust estate that can pass free of federal estate tax by reason of the allowable federal unified credit and state death tax credit (provided that its use does not require an increase in the state death taxes paid) allowable after deducting the value of property disposed of by previous Articles of this trust and property passing outside of this trust that is includible in the Settlor's gross estate that does not qualify for the marital or charitable deduction and after deducting charges to principal that are not allowed as deductions in computing the federal estate tax. The values finally determined for federal estate tax purposes shall be used for establishing the sum disposed of by this Article. 2.3. Trust "C" shall consist of the remainder of the Decedent's Trust estate not allocated to Trust "B" - as determined by the formula in the previous paragraph (supra). The Decedent's executor shall elect, under Section 2056(b)(7) of the Internal Revenue Code as of 1986, as amended, to qualify such Trust "C" portion of the Decedent's Trust estate (not otherwise designated to the Credit Shelter Trust) for the federal estate tax marital deduction as Qualified Terminable Interest Property and to be held and administered under the provisions concerning such Trust "C" (infra). 2.4. In the event of (i) a simultaneous death of both spouses or (ii)if Survivor does not survive Decedent by six (6) months or (iii) if Decedent's spouse is not serving as Decedent's executor or Trustee of this Trust, Decedent's executor may make a partial election of Decedent's Trust estate for Trust "C" under Section 2056(b)(7) to expressly minimize the aggregate amount of estate taxes paid by both spouses estates. 3. In making the computations necessary for determining the distributions as provided in this Article, the final determination for federal estate tax purposes shall be in effect. In the sole power and discretion of Trustee, the distributions may be either in cash or property as selected by Trustee (llnless otherwise and specified in this Trllst agreement); provided, however, that all such property so selected shall be valued at the value as finally determined thereof for federal estate tax purposes. In allocating property, Trustee shall select assets, including cash, that are fairly representative, on the date or dates of distribution, of appreciation or depreciation to determine the value of property available for distribution. Tax Elections Not Required 4. NOTWITHSTANDING this Article (Paragraphs of this Article preceeding this Paragraph), in the event that the total, aggregate net vallie of the estates of both the Husband/Settlor and Wife/Settlor - after including the calculation of any lifetime taxable transfers made during Settlors' joint lifetimes, by either Settlor - is less than the federal "exemption equivalent" amount then available (to one individual 4 transferor) through the application and election of the Federal Unified Credit as defined under IRC section 2010 (as amended) and state death taxes as defined under mc section 2011 against any transfer tax incurred as a result of any transfer of property as defined IRC section 2001. then Trustee shall not allocate any of the estate of the first Settlor to die to the Credit Shelter Trust (Trust B). 4.1. In such case of the Settlors' total net estate value being less than the then available exemption equivalent amount, as defined above, Trustee shall transfer all of the Decedent Settlor's estate directly to the Survivor's Trust "A". 4.2. The Survivor shall, in such case, have complete control over all Trust assets and all Trust assets shall therefore be under his/her general power of appointment as defined in IRC section 2041. 4.3. Upon the death of the first Settlor to die, in such case, the Paragraphs of this Article pertaining to the division of the Trust estate into a Decedent's Trust (Trust B) and a Survivor's Trust (Trust "A") (and the creation of the QTIP Trust, if needed) shall not apply. Article Four and Article Five (infra) shall not apply and portions of Article Six - applicable to the Decedent's Trust shall not apply. Upon the death of the Survivor, in such case, the Trust estate shall be distributed as per Article Seven (below). ARTICLE FOUR - AdministrationlDistribution of Survivor's Trust - 1. The Survivor shall retain full general power of appointment of all property held in the Survivor's Trust, including the power to alter, amend or revoke, in whole or in part, any and all provisions (including the revocation and appointment of any Trustee of the Survivor's Trust) concerning such property held in the Survivor's Trust, under the provisions of thiS Article. 2. Assets allocated to the Survivor's Trust shall be valued according to their final federal estate tax values or, in the case of any asset not valued for federal estate tax purposes, the federal income tax basis of such asset. 2.1. All such asset values allocated to the Survivor's Trust shall be representative of appreciation or depreciation of all property for such allocation on each date of allocation. 2.2. All such assets, of the Survivor's Trust, may be used to pay any of his/her federal and state death taxes as a result of property not held in this Trust subject to probate disposed of to any beneficiaries of the Survivor. 2.3. Notwithstanding the above Paragraph 2.2., no funds or proceeds from any annuities or insurance policies that are paid to or received by the Survivor's Trust estate shall be used (unless there are no other resources remaining) for the payments of any debts, obligations and expenses of the Survivor when the use of any such proceeds would cause those proceeds to be included as property subject to state inheritance taxation. 5 3. The Survivor shall have the power to direct Trustee to create income production out of all assets held in the Survivor's Trust. 3.1. All income from the Survivor's Trust shall be distributed (only) to the Survivor, at least annually or more frequent installments, for his/her lifetime. 4. Any interest in the Survivor's Trust that the Survivor disclaims shall constitute a separate Trust for his/her benefit to be administered and distributed in the same manner as the Decedent's Trust under Article Six (the Survivor shall not have any power of appointment over such Trust). 5. In the event the Survivor elects to relinquish his/her Trusteeship or becomes incapacitated as defined in this agreement, the Successor Trustee shall administer the Survivor's Trust as follows: 5..1. Trustee shall distribute, at least annually, the net income to the Survivor in convenient installments. 5.2. Trustee may, from time to time, distribute or apply for Survivor's benefit such portions of the principal as deemed applicable to provide liberally for his/her maintenance, comfort and enjoyment. 5.3. Such Settlor may withdraw all or any portion of the Trust assets at any time by written request filed with Trustee. Administration at Survivor's Death 6. Upon the death of the Survivor, Trustee shall administer and distribute any assets of the Survivor's Trust, including accrued and undistributed income, as the Settlor may have appointed in a Will separate and apart from this Trust agreement, that are referred specifically to as having a general power bf appointment, exercisable alone by the Survivor and in all events, as follows: 6.1. Trustee shall apply any unappointed assets in payment of any of Survivor's federal estate taxes and any other death taxes including the expenses of any of Survivor's last illness, funeral, valid debts and estate administration. 6.2. Trustee shall pay any such federal and state tax obligations, if any, that will become due at such time except any generation-skipping transfer tax that will be paid out of the Family Trust. 6.3. All payments under the preceding provisions of this Article shall be made from the remaining (Survivor's) Trust assets prior to the final allocation of assets to the Family Trust provided in this Trust agreement; notwithstanding, any assets that are to be distributed as a specific distribution - to a certain beneficiary(s) of the Survivor's and/or the Decedent's Trust estate that may be described herein - shall not be used, nor the value thereof, to pay expenses of either the Survivor's or the Decedent's Trust estate as described in this Paragraph. 7. Any assets of the Survivor's Trust, then remaining at the time of the Survivor's death, not otherwise disposed of by Survivor's Will or other such 6 appointment, shall be distributed as per the provisions of Article Seven as part of the Residual/Family Trust. ARTICLE FIVE - Administration/Distribution of Trusts "B" & "C' - Decedent's Trust - Trust "B" 1. All administrative and distributive provisions of Trust "B", concerning property of Trust "B", may be altered or terminated by amendment, from time to time, only during the joint lifetimes of the Settlors; such amendment shall be signed by both Settlors and shall be attached hereto and made a part of this Trust agreement. 2. During the lifetime of the Survivor, Trustee shall administer Trust "B" (if established) as follows: 2.1. Annual Income - Trustee shall payor distribute all net income to or for the benefit of the Survivor only at such intervals as shall be mutually convenient but not less frequently than annually. 2.2. Necessary SUPP9rt from Principal - If the Survivor's Trust has been depleted to the extent that available funds are not sufficient to support the Survivor, portions of the principal, as Trustee deems advisable, shall be used to provide for such Settlor's health, education, support or maintenance provided, however, that if the Survivor is serving as Trustee alone, such Settlor may only receive, as donee, amounts of principal as described in this paragraph, upon written approval of the person or corporate entity appointed to serve as Successor Trustee of this Trust agreement provided such person is an "adverse (or independent) party" of the Survivor /Trustee. 2.2.1. During any period in which an Independent Trustee is serving as Trustee, it may, in its sole discretion, direct distribution of any amount of the principal to or for the benefit of the Survivor as it deems to be in Survivor's best interest without limitation and regard to the purpose or application of such distribution. 2.2.2. Distributions of any principal to Survivor shall be made only if all principal of Trust "A" is exhausted or, if an Independent Trustee is serving, such Independent Trustee may, in its sole discretion, make distributions from principal if it determines that making distributions from Trust "A" would not be in the best interest of the Trust or its beneficiaries. 3. At the Survivor's death, any remaining principal of Trust "B" shall be distributed to such beneficiaries and according to such provisions as provided in Article Seven (infra) as the Residual/Family Trust. 7 QTIP Trust - Trust "C" During the lifetime of the Survivor, Trustee shall administer and distribute Trust "C" (QTIP Trust), if funded as per above, as follows: 4. Trustee shall pay all net income, from Trust "C", to or for the benefit of the Survivor, for his/her lifetime, at such intervals that shall be mutually convenient but not less frequently than annually. 4.1. The Survivor shall have the power to compel the Trustee to dispose of any assets in Trust "C" that fail to provide a reasonable income to the Survivor as income beneficiary of Trust "C". 4.2. Any income accrued but not distributed at the Survivor's death shall be distributed to Trust "A" and be added to the principal of such trust. 5. I(the Survivor's resources (including property in Trust "A" and limited distributions, as defined in this Article, from Trust "B") have been depleted to the extent that available funds are not sufficient for such Survivor's general welfare, portions of the principal, as the Trustee deems advisable, shall be used to provide for Survivor's health, education, maintenance or support. 6. During the lifetime of the Survivor, the principal of Trust "C" shall not be distributed to, or for the benefit of, any other person than the Survivor. . 7. At the Survivor's death, any remaining principal of Trust "C" shall be distributed to such beneficiaries and according to such provisions as provided in Article Seven (infra). ARTICLE SIX - Estate Tax Elections - It is the purpose and intent of this Article that, so far as is practical, any estate taxes paid shall be paid out of a decedent Settlor's entire estate whether passing by this Trust instrument or outside of this Trust instrument concerning property over which a decedent Settlor possessed a general power of appointment, before distribution to any beneficiary. 1. If estate (or income) tax or any part thereof is paid by, or collected out of, that part of the estate passing to or in the possession of any person other than the Executor and/or Trustee (of the estates of the respective spouses), in its capacity as Executor and! or Trustee, such person shall be entitled to reimbursement by Trustee (or Executor) out of any part of the Trust estate, or otherwise, still undistributed. 1.1. Such reimbursements may be by a just and equitable contribution by the persons whose interest in the estate of a decedent Settlor would have been reduced if the tax had been paid before the distribution of the estate or whose interest is subject to equal or prior liability for the payment of taxes, debts, or other charges against the estate. 8 2. If any part of the gross estate on which estate tax has been paid consists of the value of property included in a decedent Settlor's gross estate under IRC Section 2041, Trustee or executor shall be entitled to recover from the person (or persons, prorata if more than one recipient) receiving such property by reason of the exercise, nonexercise, or release of a power of appointment, such portion of the total tax paid as the value of such property bears to the taxable estate. 3. In the case of such property (passing outside this Trust estate) received by the Survivor for which a deduction is allowed under IRC Section 2056 (relating to the marital deduction), this Article shall not apply to such property except as to the value thereof reduced by an amount equal to the excess of the aggregate amount of the marital deductions allowed under Section 2056. 4. In the case of such property (passing outside this Trust estate) being insurance on the life of the Settlor, with such Settlor having "incidents of ownership" on such insurance receivable to other than Trustee, Trustee shall be entitled to recover from such beneficiary such portion of the total tax paid as proceeds of such policies bear to the taxable estate. 4.1. If there is more than one such beneficiary, Trustee shall be entitled to recover from such beneficiaries in the same ratio respectively. 5. If any part of the gros~ estate consists of property the value of which is includible in the gross estate by reason of IRC Section 2044, relating to certain property for which a marital deduction was previously allowed, such decedent Settlor's estate shall be entitled to recover from the person receiving the property the amount by which the total tax which has been paid exceeds the total tax which would have been payable if the value of such property had not been included in the gross es ta te. 6. Trustee may exercise aU: of the foregoing elections and any others available under any tax law, to obtain, to the extent practicable, both the optimum reduction in a Settlor's estate taxes and in the income taxes estimated to be payable by a Settlor's estate, this Trust, the beneficiaries of both, any business interests in the Trust estate and the optimum deferral of all of those taxes. 6.1. Trustee may make adjustments between income and principal accounts and to allocate the benefits from any election among the various beneficiaries of this Trust. 6.2. Trustee may compensate for the consequences of any election that Trustee believes has had the effect of directly or indirectly preferring one beneficiary or a group of beneficiaries over others. 7. All such foregoing elections and adjustments shall not, however, diminish any portion that would create an adverse taxable event to the Trust or beneficiaries hereunder and no Trustee who is a beneficiary of any Trust created hereunder shall participate in any decision regarding whether or not any of the foregoing elections, allocations or adjustments shall be made with respect to such Trust if such decision could affect the Trustee's interest in such Trust or Trusts. 9 ARTICLE SEVEN - Estate Distribution Upon Death of Survivor - Trustee shall allocate all remainder of principal and accrued (but) undistributed income of the Trust estate to the Residual/Family Trust and distribute as follows: 1. RONALD L. CORNMAN, Settlors' son, shall receive an amount equal to a fifty percent (50%) portion of the Trust estate. TRACIE CORNMAN & KELLY CORNMAN, Settlors' grandchildren, shall each receive an amount equal to a twenty-five percent (25%) portion of the Trust estate. 2. In the event that any beneficiary does not survive the last Settlor to die, then such decedent beneficiary's portion shall be distributed to the surviving primary beneficiaries (above), in prorata shares. 3. In the event that any beneficiary of this Trust estate is then a debtor to the Settlor(s) at the time of death of the last Settlor to die, then such person's indebtedness shall then be absolved and deemed as though such debt had never existed. 4. Trustee shall hold and administrate portions or shares of this Trust estate that have been allocated to any beneficiary (as per this Article), who has not then attained the age of twenty-one (21) years, or is legally incapacitated, at the time of death of the last Settlor to die, as per Article Nine (infra). 5. In the event that the foregoing provisions fail to provide for the distribution of all or any portion of the Trust estate then such property, to the extent not distributed as per this Article, shall be distributed outright, one-half to the heirs of each Settlor, as determined by the laws of the state of domicile of the last Settlor to die at the time of his/her decease. ARTICLE EIGHT - Successor Trustee Appointments - 1. The Settlors reserve the power to remove any Trustee during their joint lives and to appoint other or additional Trustees not presently named as Successor Trustee at the creation of this Trust. 2. The Settlors shall serve as Co-Trustees (as heretofore appointed) until (i) they resign by a statement in writing (individually to the other Settlor or) addressed to Trustee(s) or (ii) they are diagnosed by an attending physician as being impaired (certified in writing) beyond having the ability to manage their administrative duties of this Trust or (iii) their death. 3. Upon (i) resignation or (ii) inability to serve because of a medical/mental condition causing impairment of normal administrative abilities (as evidenced by a medical certificate from his or her attending physician) or (iii) death of the first Settlor to die, the other Settlor shall serve as sole Trustee. (following is the designation of the Successor Trustee) 10 4. Upon (i) resignation or (ii) inability to serve because of a medical/mental condition causing impairment of normal administrative abilities (as evidenced by a medical certificate from his or her attending physician) or (iii) death of the surviving Settlor /Trustee, RONALD L. CORNMAN (son) and TRACIE CORNMAN (granddaughter) shall serve as Co-Trustees. In the event that either is unwilling or unable to serve then the remaining Appointee shall serve alone as Trustee. 5. In the event that no Successor Trustee Appointees are willing or able to serve as Successor Trustee as per above then a majority vote of the primary beneficiaries of this Trust may appoint a Successor Trustee. 5.1. In the event that a majority vote is unable to appoint a Successor Trustee, in such case, then the vacating Trustee may appoint a Successor Trustee; additionaUy, any corporate Trustee that may serve may be removed, at any time, by the majority vote of the beneficiaries of this Trust. 5.2. If such vacating Successor Trustee is unable to select a Successor Trustee, in such case, then a court-appointed Successor Trustee shall serve. 6. If, at any time, a Settlor has been replaced as Trustee because of a voluntary relinquishment of his/her Trusteeship or by incapacity, that Settlor may. re-establish his/her Trusteeship .to himself/herself by executing an affidavit or notice of Trustee's termination (if a Successor Trustee is then serving) and a physician's notice declaring his/her recovery if incapacitation had been (before) declared by a physician. 7. In the event an Individual Trustee is acting as Co-Trustee with an Independent Trustee, the Individual Trustee shall have jointly, with the Independent Trustee, all the powers given Trustee, except that the Individual Trustee shall not participate in the exercise of power or discretion to determine the propriety or amount of payment of income or principal to the Individual Trustee or to any person to whom the Individual Trustee is legally obligated, and the Independent Trustee alone shall exercise such power and discretion. 8. If and in the event that, at any time of incapacitation of either Settlor, as defined in this Article (supra), the Settlors' State of current domicile (or the State selected to govern the provisions of this Trust instrument by Trustee election) has as a requirement that two (or more) physicians must execute an affidavit in determining a person's legal incapacitation declaring that such person is unable to attend to his own fiduciary affairs because of his mental or physical condition, then the laws and statutes of such State shall prevail concerning such requirement. 8.1. Successor Trustee shall, in such case, secure two or more medical opinion letters concerning such Settlor's inability to serve as Trustee. 8.2. Successor Trustee and transfer agents may deem the opinion letters as the required "certification of incapacitation" concerning such Settlor's existing condition. 11 ARTICLE NINE - Trustee/Fiduciary Powers & Provisions - The powers hereby granted to Trustee may be exercised during the term of any Trust created hereunder, and during such time after the termination of any such Trust as is reasonably necessary to distribute the Trust assets (Trustee shall have all powers conferred by law to the extent not inconsistent with those stated in this document). All of the powers and provisions are exercisable without any court authorization or approval to wit: 1. DISPOSITIVE POWERS: 1.1. Disposition of Vested Assets. Trustee shall distribute the apportionate vested shares of principal to each beneficiary (as named) provided such beneficiary(s) has attained the age of twenty-one (21) years or older and is not legally incapacitated. If any property of this Trust becomes distributable to a beneficiary(s) who has not attained such age or is legally incapacitated, the income (and principal, if needed) of such assets shall, unless otherwise prohibited in this Trust instrument or by Amendments attached hereto, be used and distributed, in Trustee's unhindered discretion, for the general purpose of such beneficiary's - (a) health, (b) education, (e) maintenance and (d) support - because of which, through no fault of his/her own, such beneficiary is unable to provide for himself/herself - as follows: 1.1.1. Trustee may, in its discretion, distribute portions of income (and principal, if needed) of such beneficiary's assets and/or asset account directly to such beneficiary; Trustee may distribute any remaining assets to such beneficiary if the total value of such assets is not large enough to require administration of such herein or for any other valid and prudent reason that would effectively apply at such time. 1.1.2. Trustee may, in its discretion (which shall be binding and conclusive upon all parties in interest, if made in good faith), distribute from the Trust Fund of a beneficiary - who is a minor or an incompetent or a person whom Trustee deems to be unable, wisely or properly, to handle funds if paid directly to such beneficiary - to (i) any person or organization providing support for such beneficiary, (ii) the natural guardian or legally appointed guardian, conservator or other fiduciary of the beneficiary or (iii) a combination of both; notwithstanding, Trustee is to make all disbursements forthright for any necessities of guardianship proceedings that may apply to any beneficiary herein. 1.1.3. Trustee may distribute such assets to the beneficiary's custodian under provisions of IRe Section 2503 and the Uniform Gift to Minors Act or Uniform Transfers to Minor Act as applied under statutes of state-of- administration of this Trust or to his guardian. 1.1.4. Unless otherwise disposed of herein, if such beneficiary dies before receiving final distribution then Trustee may distribute the remaining Trust assets to such beneficiary's estate including paying any expenses of his/her last illness, funeral or cremation. 12 1.1.5. Trustee shall not be charged to inquire into the application of any funds so paid or applied (above) and the receipt of such payee, if disbursed for such purpose in the best judgment of Trustee, shall be deemed to be full indemnification against liability to Trustee concerning such transaction(s); notwithstanding, Trustee may, in its sole discretion, require such reports and take such measures as it may deem requisite to assure and to enforce the due application of such monies for the purposes aforesaid. 1.1.6. If there arises any conflict for Trustee concerning this Paragraph 1.1. et. seq., as it relates to unfavorable powers of appointment, wherein such discretionary power to distribute may impute any principal of this Trust into his/her taxable estate that otherwise would not be imputed, then Trustee shall appoint an Independent Trustee to carry out such fiduciary provisions that may otherwise impute unintended "ownership of Trust principal" to Trustee. 1.2. Merger of Trusts. Trustee may merge the assets of this Trust or any Trust created hereunder with those of any other Trust, by whomever created, having the same beneficiaries and substantially the same terms and if there is disparity in the maximum duration of the Trusts so merged, the shortest maximum duration shall control. 1.3. Discretionary Termination. Trustee may terminate any Trust. created hereunder of which it has a special power of appointment whenever such termination is deemed advisable by such Trustee, by distributing the assets to the beneficiary to whom income may then be distributed, or if more than one beneficiary, to any beneficiary in such amounts and proportions as Trustee deems advisable, provided, however, that an Independent Trustee is serving or if not serving, then to be appointed by the Individual Trustee prior to any such termination or apportionment. . 1.4. Outright Distribution. If income or principal of this Trust is, by the terms of this agreement, to become part of any Trust or Trust share and would be immediately distributable, such income or principal may be distributed by Trustee in exactly the same manner as provided therein. 1.5. Distributions. Trustee may make distributions wholly or partly in cash or in specific property, real or personal, regardless of whether each resulting share/portion contains identical property and regardless of whether any resulting share/portion contains undivided interests in assets. 1.5.1. To the extent permitted by law and where not otherwise directed in this instrument, Trustee may reasonably determine the fair market value of each asset, which is distributed in kind, to distribute assets with a higher income tax cost basis to one beneficiary, and other assets with a lower income tax cost basis to another beneficiary, without making any adjustment between those beneficiaries, including making nonprorata distributions, except where otherwise directed in this instrument. 1.5.2. Trustee may sell assets which are not specifically disposed of rather than distributing them in kind for the specific purpose of minimizing the 13 income taxes estimated to be payable by a beneficiary on sale of those assets even though doing so increases the income tax payable by this Trust. 2. ADMINISTRA TIVE POWERS: 2.1. Retention of Assets. Trustee may retain any asset, however acquired, for as long as it deems advisable, even if (personally interested in the asset or) its retention results in a lack of diversification. 2.2. Property Transaction. In the interest of the Settlors and the beneficiaries of this Trust estate and to facilitate equitable prudence, within the provisions of this Trust, Trustee may sell, exchange, mortgage, lease, convey, encumber, pledge, hypothecate or otherwise dispose of any real, personal or other property to any person, entity, beneficiary or agent or to a Trust or estate of which such Trustee is also a fiduciary, including this Trust estate. 2.3. Investment Purchasing. Trustee may purchase (as an investment for this Trust estate) assets belonging to any Trust created by a Willes) of the Settlors or any other agreement; or lend money to this Trust estate or to any other such Trust without personal liability of the fiduciaries thereof for repayment of such loans. Any such investments or loans are to be made at prices (upon such security, if any) and terms as may be satisfactory t~ Trustee; Trustee may make such investments or loans even if it is also an Executor of the Settlors' Wills or a Trustee of such other. estate. 2.4. Investment of Assets. Trustee may invest (ot reinvest) any assets of this Trust estate, which it deems advisable, without limitation by any statute, rule, law or regulation limiting the investment of funds by corporate or individual. fiduciaries; e.g. Trustee may invest in equity funds, as well as debt securities, and may delegate. investment functions or commingle assets. 2.5. Nominee Trusteeship. It is allowable for Trustee to hold securities or other assets of this Trust estate in its own name, with (or without) disclosure of fiduciary capacity, or in the name of a nominee, or in bearer form. 2.5.1. When multiple Trustees are serving, a single Trustee may deposit and withdraw funds from bank accounts, authorize transactions regarding the Trust's securities and endorse stock certificates when all other Trustees then serving have given written authorization to do so. Such authorization may be given in the signature cards or other documents establishing a bank or securities account. 2.6. Depositing of Cash. Trustee may deposit cash into the commercial or savings departments of any corporate fiduciary or of any other bank or Trust company or in any other depository. 2.7. Borrowing Monies. Trustee may borrow money for purposes it deems prudent and advisable, for the benefit of interested persons of this Trust estate, from any source including those which it may have personal interests in. 2.8. Asset Allocation of Principal and Income. Allocations between principal and income may be made, in Trustee's discretion, of all receipts and 14 disbursements, including receipts of estate assets received or accrued during estate administration, in any manner that will not result in the loss of any available estate tax deduction. Trustee may, but need not, create reserves out of income for depreciation, obsolescence, or amortization of properties. 2.9. Division of Assets for Distribution. Trustee may divide the Trust, to determine values, to distribute like or unlike assets to different beneficiaries or Trusts and to make distributions in cash or in kind, in divided or undivided interests; provided that any assets allocated in kind in satisfaction of any pecuniary gift shall be valued at fair market value of such asset on the date of such allocation. 2.10. Direct Payments for Support. Trustee may make all payments of income of principal authorized hereunder directly to the beneficiary for the beneficiary's support, and, in the case of a beneficiary(s) who is(are) a minor or under other legal disability, all such payments (and any distributions of tangible personal property) may be made directly to the beneficiary(s). 2.11. Litigation Rights. Trustee may settle, compromise, submit to arbitration or litigate claims in favor of or against the Trust. 2.12. Ascertainment of Tax Deduction Elections. Trustee may contest, settle or compromise all tax matters, to elect to claim any expense of this Trust as an income tax deduction or as an estate tax deduction, and to make any other elections authorized or permitted by law all without reimbursement or adjustment between principal and income or in favor of any beneficiary, even if the elections directly affect the value of any beneficiary's share. 2.13. Employment of Professional Assistance. Trustee is authorized to delegate and employ attorneys, accountants, investment managers, specialists and such other agents (as Trustee deems necessary or desirable) to perform ministerial duties including the appointment of an investment manager(s) to manage a portion or all (as Trustee delegates) of the assets of the Trust - thereby empowering said manager(s) the right to (i) invest such assets in their full and complete discretion, (ii) acquire and dispose of such assets, and (iii) charge any fees incurred by the employment of said agents and/or managers against the Trust with liability only for reasonable care in their selection and to place assets in an account with a Trust department of a bank. 2.14. Latitude of Trustee Power. Trustee may exercise every other power (within the limits of discretion of a prudent man) not specifically granted by this agreement that may be necessary to enable it to create, continue, operate, expand or change forms of proprietorships, partnerships, joint ventures, corporations or other business in conjunction with this Trust including: 2.14.1. The power to invest in any kind of property real or personal including interest of shares in common Trust funds, mutual funds or open end or closed end investment funds. 2.14.2. The power to subdivide, re-subdivide, raze, alter, vacate, partition, or release real estate and any or all improvements thereon to renew, amend, change, modify or extend leases, contract to make leases, grant options to 15 lease, renew leases or to purchase the whole or any part of the reversion, to contract regarding the manner of fixing present or future rentals, and grant easements or changes of any kind on or with respect to such real estate. 2.14.3. The power to continue to hold and invest in, or otherwise contract to acquire any right, title or interest, real or personal, in oil, gas or other mineral property, wheresoever located, whether or not productive, including all fractional or undivided rights for whatever term of interest, royalties payments, together with all options and privileges relating in any way to the exploring, drilling, mining, developing, completing, operating, improving and financing of oil, gas and other mineral property. 2.14.4. The power to receive, retain indefinitely or invest in any interest in any holding company, family investment company, general or limited partnership, proprietorship, closely held corporation or other businesses; to rely upon the audited or unaudited reports of Certified Public Accountants as to the operations and financial conditions to any such business; to elect, employ and compensate regarding any such business and to delegate to others the power to perform such acts. 2.15. Exercise of Powers and Discretions. Trustee may freely exercise any of the powers and discretions grantE;d to it in all matters concerning the Trust estate, after forming its judgment based upon all the circumstances of any particular. situation as to the wisest and best course to pursue in the interest of the Trust and the beneficiaries, without the necessity of obtaining the consent or approval of any court. Trustee shall exercise such powers and discretions at all times in a fiduciary capacity primarily in the interests of the Trust beneficiaries. 2.16. Executing Instruments for Administration. Trustee may execute and deliver all instruments that will accomplish or facilitate the exercise of the above powers and duties and to perform all other acts necessary or advisable to administer the Trust to any corporation, transfer agent, or governmental agency and to record a copy in the office of the County Recorder of any County. 2.17. Separate Shares Management As A Unit. Trustee need not make a physical segregation of assets when dividing the Trust into shares, but may allocate undivided interest in property to such shares by an accounting procedure or may allocate different properties thereto and may administer the assets of all shares as a unit until such time as Trustee is required to make distribution. In such event, separate accounts must be kept for each Trust estate and each share must be treated as a separate Trust for all purposes. 2.18. Risk Investments. Trustee may invest in options, futures or commodities and hold Trust securities in brokerage margin accounts if, in its discretion, such investments or holdings would seem prudent. Absent gross impropriety, Trustee shall not be held liable for any loss occurring as a result of such investments or holdings. 2.19. Insurance Premiums. Unless otherwise specified in this document, Trustee shall pay premiums on all insurance policies owned by this Trust for the duration of the policy contract. 16 3. ADMINISTRATIVE PROVISIONS: 3.1. Undivided Retention. Trustee may hold and retain the entire principal of this Trust estate until distributions will necessitate the actual division. Trustee may hold, manage and invest in account for shares or parts thereof by appropriate entries on books of account and may allocate to each share its proportionate part of all receipts and expenses provided however that the carrying of several Trusts as one shall not differ the vesting in title or the possession of any share or part thereof. 3.2. Prorata Distributions. Trustee may make prorata distributions to any sub-trust created under the provisions of this Trust agreement whether a distribution to separate Trusts created at the death of the first Settlor to die or for distributions to the Settlors' beneficiaries. 3.3. Waiver of Bonds. No bond or other indemnity-shall be required of any Trustee nominated or appointed hereunder. 3.4. Waiver of Court Turisdiction. The Settlors expressly waive any requirement that any Trust be submitted to the jurisdiction of any court, or that Trustee be appointed or confirmed or that their accounts be heard by any court. This waiver shall not prevent any Trustee or beneficiary from requesting any of these procedures. 3.5. Succession, Appointment and Removal Procedures. If a vacancy in Trusteeship occurs (voluntarily and otherwise) and a Trustee to fill such vacancy is named in this agreement or by a procedural provision in this agreement, the vacating Trustee shall promptly notify such named Successor, in writing, of the occurrence and date of the vacancy. 3.5.1. The named Trustee's appointment shall become effective, following such a vacancy, upon Trustee's written acceptance within thirty (30) days following the date of the vacancy. A notice of succession acceptance must be executed by the succeeding Trustee and made a part of this agreement. A copy of such notice shall be delivered to the vacating Trustee. 3.5.2. To effect the appointment of a Trustee, the person entitled to make such appointment shall file, with Trustee to be appointed, a written statement that such appointment is made. The appointment of a Trustee so appointed shall become effective upon receipt, by the person entitled to make the appointment, of the newly-appointed Trustee's written acceptance within thirty (30) days following the filing of such written statement. 3.5.3. Trustee shall, upon acceptance, duly succeed to the vacating Trustee's title to all of the Trust assets of the entire Trust estate. To effect the removal of a Trustee other than the Settlors, the person entitled to remove Trustee shall either deliver to such Trustee a written statement that the removal is made, or mail such statement to Trustee's last known business address by registered or certified mail, return receipt requested. After such delivery or mailing, a removed Trustee shall have no further duties, other than to account, and shall not be responsible or liable for the acts of any Trustee. 17 3.6. Resignation Right. Any Trustee shall have the right to resign at any time by delivering a written resignation to those entitled to appoint a Trustee. The resignation shall be effective sixty (60) days after the date of delivery of the resignation, or upon the earlier appointment of a Trustee. After the resignation becomes effective, Trustee shall have no further duties and shall not be responsible or liable for the acts of any Trustee. 3.7. Approval of Trustee Accounts. If other than a Settlor is serving as Trustee, the appointed Trustee, (or personal representative of any deceased Trustee) shall render accounts to the Settlors or their beneficiaries, of this Trust estate, as are living and legally competent. 3.7.1. The approval of these accounts by those persons, in writings delivered to any Trustee, shall constitute a valid and effective release of such Trustee with respect to all transactions disclosed by the accounts, and shall be binding and conclusive as to all persons. 3.7.2. Notwithstanding, the previous paragraph, nothing therein shall give Trustee, or any person, the power or right to enlarge or shift the beneficial interest of any beneficiary of the Trust. 3.8. Majority Vote and Delegation. If more than one Trustee is serving, their powers shall be exercisable by a majority vote of Trustee authorized to act. If such occurs the other Trustee shall not be responsible or liable to any person, in their capacities as Trustee, for the administration of the Trust during the time such delegation is in effect. 3.9. Custody of Assets. If a corporate Trustee is nominated to serve by any Trustee, it shall have custody of all assets, handle receipts and disbursements and prepare accountings. 3.10. Change of Trust Situs. Trustee may transfer situs of the administration of any Trust created hereunder from the Settlors' state of domicile to another state and Trustee may elect to have the governing law of this Trust instrument be the laws of such state even if contrary to provisions herein. 3.11. Income at Termination. Unless such income is expressly made subject to an income beneficiary's general power of appointment, any accrued or undistributed income at the termination of a Trust with a sole income beneficiary shall be distributed to such beneficiary, or if the beneficiary is deceased, to the beneficiary's estate; in all other cases such income shall be added to principal. 3.12. Subchapter "S" Election. Trustee may continue the election by any corporation so elected, the securities of which are in the Trust estate, to be taxed pursuant to Subchapter "S" of the Internal Revenue Code of 1986, as amended, only allowable, however, to any existing, amendatory or supplemental federal legislation or any corresponding state tax law. 18 3.13. Authenticity and Notices. Trustee may rely on any information or document, believed to be genuine, without incurring liability for any action or inaction based thereon. 3.13.1. Unless Trustee receives written notice of any birth, marriage, death or other event upon which the right to payments from the Trust estates may depend, Trustee shall incur no liability for disbursements made in good faith to persons whose interests may have been affected by that event. 3.14. Investigation not required. No person or corporation transacting with Trustee shall be required to investigate Trustee's authority for entering into any transaction or to see to the application of the proceeds of any transaction. 3.15. Trustee-Installed Amendments. Trustee may, upon giving notice to each beneficiary, amend, either in whole or in part, any administrative provision of this Trust which causes unanticipated tax liability, or conform the administrative provisions of this Trust to the requirements of the taxing authorities, as well as any particular state law requirements applicable therein. Trustee is, therefore, expressly authorized to enter into any agreements with the Internal Revenue Service or any other governmental body and to execute any documents as will, in Trustee's discretion, tend to minimize the taxes resulting from this Trust. 3.16. Surviving Settlor's .occupancy. Unless otherwise expressly provided herein to the contrary, the surviving Settlor shall be allowed to occupy and use Settlors' primary residence, or his/her interest therein, until surviving Settlor's death or long-term absence (of 120 days or longer) because of nursing home, or other long- term health care requirements. 3.16.1. Unless otherwise provided, the surviving Settlor may direct Trustee to sell such residence and purchase another comparable residence for the surviving Settlor's use; if the surviving Settlor's children are not the same as the decedent Settlor's children then the surviving Settlor must have the unanimous permission of the decedent Settlor's children prior to instituting the sale of such residence with the Trustee. 3.16.2. All taxes, insurance, repairs and assessments concerning such residence shall, unless otherwise stated herein, be paid out of the decedent Settlor's Trust estate and the surviving Settlor's Trust estate - prorata. (end of Article) 19 ARTICLE TEN - General Governing Provisions - 1. DEFINITIONS: 1.1. Descendants/Issue. "Descendants" or "issue" are those persons who are lineally descended from the same blood line of a parent or ancestor but not including legally adopted lineal descendants and illegitimate descendants and their descendants and shall mean in this Trust instrument, unless otherwise defined, as second generation to the Settlors. 1.2. Child. "Child" is a first generation descendantjissue of the Settlors unless expressly referred to as a child of a first generation issue. 1.3. Per Stirpes. "Per stirpes" means a distribution of a certain portion or share (of this Trust estate) in equal shares among surviving issue of the Decedent person who would have otherwise received a portion of this Trust estate and referred to by right of representation and not as so many Individuals. 1.4. Per Capita. "Per capita" means a distribution in equal shares to a number of persons, all of whom stand in equal degree to the Decedent (who would have otherwise received such share),. without reference to their assets or the right of representation. 1.5. Descendant in Gestation. A descendant in gestation at the time of an event is later born alive and is "living/surviving" at the time of such event. 1.6. Simultaneous Death. If the Settlors shall die simultaneously or under circumstances which make it difficult to determine with reasonable certainty which of them died first, the Settlor with the smallest federal adjusted gross estate shall be deemed to have survived for the purpose of this instrument and the provisions of this instrument shall be construed upon that assumption, irrespective of any provision of law establishing a contrary presumption or requiring survivorship for a fixed period. 1.6.1. Notwithstanding this provision, however, in the event that the value of the Trust estate is equally owned and/or each Settlor's property equals a value exceeding the Federal Estate Tax Exemption Equivalent then available to each such Settlor, then the Settlors, under such circumstances, shall be deemed to have died simultaneously. 1.6.2. In such simultaneous deaths of Husband & Wife as Settlors with equal interest in their respective estates, Trustee shall not then qualify any portion of either Settlor's estate for the Federal Estate Tax Marital Deduction. 1.7. Trustee. "Trustee" means an original or any Trustee of any Trust hereunder, and may include Individuals and corporations. 1.8. Corporate Trustee. "Corporate Trustee" means any qualified Trust company or national or state banking institution having Trust or fiduciary powers governed by its state of situs. 20 1.9. Independent Trustee. "Independent Trustee" is the entity which may have been referred to in this document as the "Trustee" and it means any Trustee other than: 1.9.1. A Trustee who is a beneficiary to whom income or principal could be distributed currently; or, 1.9.2. A Trustee who has a legal obligation to support a beneficiary to whom income or principal could be distributed currently; or, 1.9.3. A Trustee who would, by possessing the power of an Independent Trustee, become a "younger generation beneficiary" possessing a "present power", as defined in Section 2613 of the Internal Revenue Code. 1.10. Adverse Party. A party to an action whose interests are opposed to or opposite the interests of another party to the action. 1.11. Mandated Documents. The requirement that a person act in writing requires a dated written document signed by such person. 1.12. Physician. Unless otherwise identified in writing delivered to any Trustee by the Settlors, the "family or attending physician" shall be deemed to be the physician to whom the Settlor(s) has been attended by prior to the date of execution of such physician's Medical Certification or "opinion letter" according to terms heretofore stated. 1.13. Tax to Second Generation. "Generation-skipping tax" means any state or federal tax imposed on a generation-skipping transfer. . 1.14. Gender. Where appropriate, the masculine includes the feminine, the singular includes the plural, either includes the neuter and vice versa. 2. RULES OF CONSTRUCTION: 2.1. Laws Governing: Trusteeship and Taxation. All questions pertaining to the validity of any Trust created hereunder or its terms shall be determined in accordance with the laws of whatever state having sufficient connection with such Trust that will support the validity of such Trust. 2.1.1. All other determinations shall be governed by the laws of the State in which this Trust is then being administered based on situs of the office of Trustee (or an elected office by Trustee if more than one is serving at one time) then having custody of that Trust's principal assets and records. 2.1.2. The foregoing shall apply even though the situs of Trust assets or the domicile of the Settlors, Trustee or a beneficiary may be elsewhere. 2.1.3. Except where (or when) otherwise required, this Trust shall not be registered under the laws of the State of Pennsylvania or any other jurisdiction. 21 2.2. Captions. Captions are for convenience only and are not intended nor used to alter any of the provisions or intent of this document. If any portion of this Trust is held to be void or unenforceable, the balance shall, nevertheless, be carried into effect. 2.3. Purpose. It is the primary purpose and intent of this Trust to provide for the management of the Settlors' assets both presently and during any future period of disability; being an alternative preferred to guardianship or formal conservatorship proceedings which are conducted in and supervised by a court of law; and a simplified means of accomplishing both lifetime and death transfers of Settlors' assets. 3. PROTECTIVE PROVISIONS: 3.1. . Marital Deduction. All proVISIOns of this agreement shall be construed and applied so that any gifts between spouses qualify for the federal and state (of domicile) marital deduction and that the Survivor's Trust can qualify for the federal marital deduction, and any provision of this agreement incapable of being so construed or applied shall not apply to such gifts. The Survivorshall have the power to require Trustee of the Survivor's Trust to render any asset of such Trust productive of income. 3.2. Taxation Exemptions. No part of any benefits payable to or receivable by any Trustee hereunder from qualified pension, profit sharing or retirement plans that maybe exempt from taxation under' Section 2039 of the Internal Revenue Code shall be directly or indirectly applied to the payment or reimbursement of any estate, succession or other death taxes or of the expenses, debts, and other items required to be paid by any Trustee. 3.3. Non-Liability of Individual Trustee. No (Individual) Trustee who has acted in good faith shall be liable for the acts of any Co-Trustee (if such is named) or for failure to assert breaches of Trust by a deceased, resigned or removed Trustee. 3.4. Spendthrift Provision. Neither principal nor income of any Trust nor any beneficiary's interest therein shall be subject to alienation, assignment, encumbrance, appointment or anticipation by the beneficiary, to garnishment, attachment, execution of bankruptcy proceedings, to claims for alimony or support or any other claims of any creditor or other person against the beneficiary or to any other transfer, voluntary or involuntary, to or from any beneficiary (provided that the foregoing shall not restrict the exercise of any general testamentary power of appointment and that any principal distributable to any beneficiary by reason of having attained a specified age shall be fully alienable by such beneficiary after attaining such age). Notwithstanding this paragraph, this provision shall not apply under any conditions where there may be an adverse impact on marital deduction elections under IRC 2056. 3.5. Special Powers of Appointment. Any special power of appointment may be exercised by appointment, outright or in Trust, to one or more of the 22 permissible appointees in such portions as the donee of the power may appoint; provided: 3.5.1. The power shall not be exercisable in favor of the donee, the donee's estate, the donee's creditors or the estate of the donee's creditors, and; 3.5.2. It shall not include the power to create another power of appointment that, under the applicable local law, can be exercised so as to postpone the vesting of any estate or interest in the Trust property or suspend the absolute ownership or power of alienation of such Trust property for a period ascertainable without regard to the date of creation of this power. 3.6. Rule Against Perpetuities. This Trust and all Trusts created hereunder, if not sooner terminated pursuant to the provisions hereof, shall terminate twenty-one (21) years, plus gestation period if applicable, after the death of the last surviving beneficiary (or designated descendent) who is then living at the time of the effective date of this Trust or the effective date of any Trusts created hereunder; the "effective date" of this Trust or Trusts created hereunder means the date that this Trust or any Trusts created hereunder become(s) irrevocable because of the death(s) of the Grantor(s) of such Trust(s). 3.6.1. Any Trust assets governed by a statute or rule of law under which such assets could not validly remain in Trust until that date shall be distributed on the last date on which such assets can validly remain in Trust. 3.6.2. In the event of termination of a Trust in whole or in part under this provision, the Trust assets shall be distributed to any of said beneficiaries who were permissible recipients of Trust income immediately prior to such terminations. 3.7. Compensation for Trustee. All Trustees of this Trust, whether an Independent Trustee, corporate Trustee or a beneficiary (Trustee), shall be allowed to receive, from readily available Trust assets, a reasonable compensation for their administrative duties and services. Any such assessments, by such Trustee(s) referred to in this paragraph, shall not exceed the amount customarily charged by corporate fiduciaries for similar services. 3.8. Invalidity of Provisions. If any provIsIon of this instrument be invalid, no Trust shall fail but shall continue and be administered as if such provision did not appear. 3.9. Contestation of Trust Validity. In the event any beneficiary of this Trust shall, alone or with any other persons, contest in court the validity of this agreement or of either Settlor's Last Will & Testament, then such person's interest in this Trust estate shall be determined as though such person had predeceased the execution of this agreement without surviving issue. (end of Article) 23 ARTICLE ELEVEN - Life Insurance Payable to Trustee - 1. Trustee, acting as such, is not responsible for the payment of premiums or other assessments on any life insurance policies on the lives of the Settlors of those which death benefits are made payable to Trustee. 2. Upon the death of the insured thereunder, Trustee shall take any action necessary to collect any and all insurance policy proceeds and is authorized to pay the expense therefrom out of a decedent/Settlor's Trust estate. Trustee may release the insurance company from its liability under the policy and accept a compromise deemed necessary for the timely and proper collection ofinsurance proceeds. 3. Trustee's receipt, delivered to the insurance company, of policy proceeds from the insurance company shall constitute a complete release for such insurance company for any payment concerning such receipt and shall bind the beneficiaries of this Trust estate. 4. After deducting all charges of the insurance policy concerning advances, loans or other debts, Trustee shall distribute the proceeds of the policy according to the dispositive provisions of this Trust estate and according to the legal ownership of the policy. 4.1. Any insurance policy for which its premiums were paid out of Tenants-in-Common property assets shall retain its character of Tenants-in- Common property and shall be valued and distributed as such as according to the dispositive provisions of Article Three. 4.2. Any insurance policy for which its premiums were paid out of sole and separate property shall retain its character of sole and separate property and shall be valued and distributed as such as the sole and separate property of the Decedent/Settlor. 5. Unless a policy is owned by this Trust, a change of beneficiary to a person other than Trustee shall revoke this Trust with respect to such policy or other benefit and shall release Trustee from all responsibility in connection with such policy. (end of Article) 24 ARTICLE TWELVE - Administration of Professional Corporation - Notwithstanding the provisions of this Trust agreement concerning the administration of the assets herein by the named Trustee(s), the following provisions shall govern those assets transferred to this Trust estate designated as stock of a Professional Corporation, as defined under the laws of the state of domicile of the Settlors, created by and for an Individual(s) rendering professional services requiring a license to perform such and allowing such Individual to own shares of stock in such corporation: 1. Notwithstanding that any stock of a Professional Corporation, as defined under the laws of the state of domicile of the Settlors, which is transferred to this Trust estate is co-owned, all stock of such corporation shall be under the administration of the Grantor of such stock as sole Trustee and not as Co-Trustee with his or her Spouse during such Grantor's lifetime, 2, In the event the Grantor/Trustee of such stock shall be the first spouse to die, then Trustee of this Trust estate shall be vested title of such stock as according to the provisions of this Trust instrument and shall act within the limits set by State law to formulate administration of or sale to another professional holding the same certificate of license granting authorization to perform such services, 3: Proceeds of any transactions of the proceeding paragraph shall be distributed and administrated, in prorata designations or otherwise, under the provisions of this Trust agreement according to such property designation whether separately or co-owned as under State (of domicile) law or previous agreement between the Settlors of this Trust agreement. 4, Any "non-licensed" surviving Settlor/Spouse shall have equitable title as to the shares of such corporation not to exceed his/her interest in community or other jointly owned property vested to him/her by state (of domicile) law, Additionally, any remainder beneficiaries of this Trust shall have interest in such corporation limited to the proceeds from the sale of such corporation shares after the death of the licensed/Settlor /Trustee, 5. Any beneficiary of this Trust estate shall have beneficial interest only (in values previously determined in this Trust, supra) to proceeds from a sale of the shares of the Professional Corporation, held in this Trust, and not equitable title to those shares. (end of Article) 25 ARTICLE THIRTEEN - Non Liability of Separate Parties - Custodial agents, transfer agents, venders, financial institutions, physicians or any other "separate parties" (of this Trust) performing fiduciary or transferal duties or rendering any other service, pursuant to any such transfers, documents etc., for the furtherance of the purposes and intents of this Trust shall, absent of any fraud, be under no liability or obligations for the application or administration of this Trust, and sha\1 not put Trustee to task or inquiry regarding any supplements or amendments of this Trust, which may have been created and executed by the Settlors from time to time, other than such supplements and amendments that Trustee alone shall present to any separate party. ARTICLE FOURTEEN - Certificate of Trust Proving Existence - A Certificate of Trust signed by the Settlors of this Trust agreement and acknowledged before a Notary Public shall be conclusive evidence upon a\1 persons and for all purposes of the facts stated in said Certificate respecting the terms of this Trust agreement and of the text thereof and of who are, from time to time, Trustees hereunder. . ARTICLE FIFTEEN - Transmutation of Assets on Contingency - In the event either Settlor becomes medically or mentally incapacitated whereas to require skilled nursing care, intermediate care or custodial care as defined by State of domicile Statutes, Trustee may transmute any Community (or any other jointly owned) property held in this Trust agreement into (to become equal shares of) Separate property respectively of each spouse provided, however, that in Trustee's discretion there is no potential capital gains tax implications, adverse to the estate, as a result of such transmutation and thereby losing the "stepped-up" in basis allowance under Community property tax law as provided in Section 10l4(b)(6) of the Internal Revenue Code as amended, 1986. Anv such transmutation shall be transacted by Trustee only under the following condihons: 1. In the event, and only in the event, that the Settlors' combined estate is equal to or less than the amount currently a\1owable, by the Settlors' resident state, to retain by a we\1 spouse and not to be spent down as a result of financial liability of the ill spouse then Trustee may transfer the ill spouse's share (1/2 half of the sum allowable to keep from a spend down) to the we\1 spouse. 2. Any Separate property which became such as a result of the provisions of this Article shall, however, become Community (or otherwise jointly owned) property immediately upon the request of both spouses at the recovery of such ill spouse. Recovery shall, by definition, mean that the ill spouse is no longer requiring institutionalized care as defined by this Article. 26 3. In exercising any provisions allowed by this Article, Trustee shall first determine if any immediate or potential tax (or otherwise) losses would occur as a result of the implementation of such transmutation of property as defined by this Article and act in accordance, whether favorable or unfavorable, concerning the beneficiaries of this Trust. ARTICLE SIXTEEN - Title of Trust - This Declaration of Trust Agreement shall be referred to as the --- C~Mi\N FAMIL i TRUST Dated: ~~ '" , Z<nnl. (end of final Article) 27 - ACKNOWLEDGEMENT - ST A TE OF PENNSYLVANIA COUNTY OF CUMBERLAND We, WILLIAM E. CORNMAN & MIRIAM CORNMAN, the undersigned Settlors of this Trust Agreement referred to as the - q)R~MAN FAMILY TRUST Dated: +L.ff; 2--(;. .;2..0-r?1 ( ~/J hereby sign our names to this instrument this 26 day of ze~ , c2 ~ , and being first duly sworn, do hereby declare to the undersign~ority that we sign and execute this instrument, consisting of twenty-eight (28) pages, including this page, as our Revocable Living Trust and that we sign it willingly, that we execute it as our free and voluntary act for the purposes therein expressed, and that we are eighteen years of age or older, of sound mind, and under no constraint or undue influence. J /7 X ,v.4a:p1 ff. (/ ~ WILLIAM E. CORNMAN X J.7~ ~ MIRIAM CORNMAN (AFFIDA VIT OF WITNESSES) We, c4-fY!L3 S /, /YA/ ~& 4~eE: ,I./Yd//f, the witnesses, sign our names to this instrument, being first duly sworn, and do hereby declare to the undersigned authority that WILLIAM E. CORNMAN & MIRIAM CORNMAN signed and executed this instrument as their Revocable Living Trust and that they signed it willingly and that each of us, in the presence and hearing of WILLIAM E. CORNMAN & MIRIAM CORNMAN, hereby signs this document as a witness to their signing, and that to our knowledge they are both eighteen years of age or older, of sound mind, and under no constraint or undue influence. ~ '-/J/. 0 II - '0 x ~'2- .n. ~ C~~ I / tL IV-I' ness . Address '-../ '.. / ....~' - ," /;j;/' , ;7 ," /.' - ,f" Ab0 I ( I . /. . x ':'r~/V"J/' / HL-~ ifi/l4' " ./ t:1 ltness / A dress /' I Sl1bscdbed, sworn to and acknowledge~before me this - oZh ~ay of y;;~ .,,)..iJ~, by the witnesses shown above and the named sett~~._) /1 _ -V ,;;J NOTARY SEAL: x '---~"-'- / /.,<~~ ,." ___._ 'I Notary Public,/ i / . V Nctdna' s~a'. 1 PllIltioP T Serfass No~'3l)' PubliC \ lfl.ilfordTwp.. Bud<s Goun!,". ,\ My CommISSion Exp""" Jan 2. . :.ll.llI. J OOlWf ~fli1V!vaf1i1! Association of Notarifj~ 28 (NOTICE: If you wish to make a DUPLICATE of your Trust, then you must do the following in the order as described - (i) make a copy of the Trust and a copy of this Affidavit, (ii) sign the original Trust and this original Affidavit in the presence of a Notary Public, (iii) sign the facsimile of the Trust and the facsimile of this Affidavit in the presence of a Notary Public, and (iv) keep the original Trust and this original Affidavit together in your Portfolio and (correspondingly) keep the facsimiles of the Trust and of this Affidavit together in a separate, secure location. Always remember that if you execute your Trust and this Affidavit in duplicate then you must execute all (future) Amendments to the Trust in duplicate as well. AFFIDA VIT (of) - DUPLICATED ORIGINALS - We, WILLIAM E. CORNMAN & MIRIAM CORNMAN, being duly sworn by oath as per below, depose and state that: 1) We hereby execute in duplicate form, as Settlors/Creators, a Revocable Living Trust referred to as the - CORNMAN FAMILY TRUST Dated: 2) We have executed duplicated originals of said Trust concurrently on the date registered on said Trust which is the same date of this Affidavit - also executed in duplicate. x x WILLIAM E. CORNMAN MIRIAM CORNMAN STATE OF PENNSYL VANIA COUNTY OF CUMBERLAND On this day of Notary Public, personally appeared - , before me, the undersigned WILLIAM E. CORNMAN & MIRIAM CORNMAN, who acknowledged before me (or proved to me on the basis of satisfactory evidence) to be the persons described herein and who have executed, by their signatures, the foregoing instrument and have executed such as the Settlors (Creators) of said Trust, and acknowledged that they executed the same as their free act and deed. NOT ARY SEAL: x Notary Public FF1"I- ....-l'1?!; THII 1....: ""7 1"1_..1< 1_.... 1'::- M" dd...... P-~? us OU.RTMiNT 01 KOU$(~ MOo UKIlM OE'SELOP~ lVMlf' :.1.0: g~l A. HUl>ol UNIfORM llETTLEMENT STATElIIENT S. 1y~ or La'I) 1.1] FHA 2,(1 FmHAJ.IJ Cnnv. Un"s. 7, LQarI Number. a. NorlQiIIl)e lns.uranC8 Ca~ NlJrnblilt: ..(] VA .5. Gnnv. Ins. C, NOTE: his form fumilihei II s~alll~l (.l ~Il "",I (:('Istto, AmOlmls poJd to.::lM ~ ttto tcftlcmant~ftf: Gte sM'M'l. ltAm" "'IU"lo.lild -(po.e.. . WAlR 11I~ ou\sIde" do~ng: th .1'8' sha.vn for infO(fJ1a~OIlil Pf,l(1XI~*" ii1I1U iIIalllol inGWl=ld,., lhi 101'11:...,., C. Name & Addrei9. o( B(IlTO'OIoQf: Wcmv. {1dr9U. & TIN of t'lIcr: Fl. Nome & AddrCSlA or LII;,der:' "'-...... rt<.......p'.""..... ...."'. '01.' r.,..,'.'.>.".'; 'Comma"''''IlyT",Ol Gt.tAC MOIla"OD ")'~!(H.~,;,I',:;'~:~<"/' ",',''' " " , 100WimlllrRoad "~ ,: HQI"h;un, FA , 10044 1'OJI8rty LocaUon: TIN ci Sc/IDr: ~..~~..,,, _",,"_.n H. j:l.."loa",.PI~ A<J"'l'\t~ ~lo~~~~di.i": "~,,"otS"'It""'"t eeCKLEY&MAOOe~ 'J~:':"'i!:~tl,~~<(~;;2:; ", r~lo1'rtt~:~\, I, SOlUomcm D.'D: . YlTImary ef Dllrro-w.... llulu,"\1orI K. &wnmiij ,,f'Sol,iir"i'TnrNtlllcUc.1 1DD, Grdilll AiiiOUiii'6i.i1.hiiift-aotiOwer. "CD, Gro,,;s AmoUf'lt Due to Seller: I ,;.", ." , I '~CCl1\rac:taal"P~ 4CI2,pe,....er,oIPI'ape1tt ..~. ....'~'4.'f~ 6()::a ..,-,~~~:: AdJUG'ImolfUl t<< ICQrM .NiCl DY-'OIlM In iidvwtCl $'686'98406 ClyncwntIXH 2nl200J to 12131f.!OO' , 6)8.15 4D7, a..'..II.... ... 2/712003 lO ll/31l12OO3 S 0,00 41>&, ~eo-.mlenrn '0 " (i,QU4\Ka lo ',",:, , '10. ~11, '412.' 413. $15 ,M1.135 ":ZO. Gross Amount Duo to $oU/IIr 5DD;-Rod~tionlin Amaum Out 10 ~Iler: - '. .' :~.~.OD SD1. Excess dep:Jsi! (see Instructions) ,'~,-~- ,\)0. 5C2"S.iU~l't,dd"'l~loiell.,.(llne 10100) ~~'~'.>,' ':.: '.:.',.:.':', 5Q. Exlm\l'IQ lDonCG) lakOI"l slJbiaa ro.... ... .::). ','.'<': ~,P~'1otfe1'l'StmMgage 5OS_ F"~vulr Q 1oaI(~and~?lC)e ~O&. 50i '."h' !;OIl. 5Q8, Adju:lilmonta 'or item unpaid Dy M1lf}r $ n.oo 510. CitvJlown taxe$ tCJ $ 0.00 ~t. Q\lflly \Wo'CIIll 10 $ D.OQ 51Z. AGcilGWncn~~ 10 , 000 5'1'i' ,_. Ie " "~. 5", , .' '. ~1.L " ",'",,_.. '.',J 51S. I',L 517 i'""':,, 518, !:i~.;',.:;,.:'~\;; 5.1'3. '1<40,200.00 520. TotAl Reducuan AmWnI Du. 5tIler 6'00. Cash at Settlement ToIftOfn StIll", ,1. 01. Gr06l amount due Q:I :tIler (line 42.0) '141).2~, 0 Goa, lO::;:> reduCtionlll illlll;;;;:,u;,i dun ~I~ (line G2lJ) -'--' '12,11'1.85803. c'!!'~ TI ,10 I I fIom Solo' 14S,ooo.oo 101, Contro1ct ,ales price 102. Personal Properiy 103, SClTDWafa IlCnJemcnl enarges (rinS .'400; '04, 10S. AdIu&tnlQf\ll. rOl' mt J,Yol Y 108. Cty/lG\\'tllO"'" 2ITr2003 107. Schoollaxe& 2lTi2003 108, N5Vliliilllwnlll 100. 110. 111. "2, 113. '20. Gf'C68 Amount OUlIrom Borrower 200.~oi.lnlS hid by or 111 YhoI larrower: 201, OeggcltG ar o:amc~ mBM~ . '." 2(12." n ..Mum r\$llIMn(ej 203, e,IsU"" lo.nl>ll....." ,ub;OC! .. 21M, -2oS.-- 200. 2M. :roB. 2llll. AtfJuI Ilia lMmll un"iIld by Miler 210. CltyltOwn I~a -'.tQ' 211. Gounrv IflltH" 10 ZlZ. A:lI&8$&m9I11S 10 213, I. 214, 2,S. . .. 218. 217,. ..... 216. 21Sl. 220. Total 'aid !Y~,,!>rr.Wlr 3DO. CII" II Sttlflamlnt frDm/tO BDrmwer 3tn. Grose ,mount due borrower (line 1 0) ~l.v~ i1fl'1QlM\t. ~Id oriJ':'uUWI:!r roe 20) 303. Clan I I "'om 1 to Borrower n "I'IC. to 12.131J2QO.'\ .' lo ll/3012003 to 10 , I18M8 , 638.75 I 0.00 . 0-00 '-"'41.:J.17.1' 110,!l77.JJJJ' . . ..,-- S 0,00 , o,(xf I o. 3 0,00 '.' '10,m,so ". $'''7..'\177.1 $10,il .80 $1~'\6~i~.~ $lIbsfltu!t FOI'M 1098 SctU,r 3tllterolllL The jnfomlation itt 810m E. G, H, I 8. line 40' (1;1, if line 401 il >>fililnl>!o;w. 6nt1 403 and 4~) Ii. ImpD~m lOX InrOfl'nltinn FV1(1 iIl'JejnQ i\Jmlsher:l to lhs Jrllemal Re'v'enuo Sal'Yica. If ~Ol..l are rRqUlrM ta "'" " !'fIl.llfl'\, . sanction will be impo&ed on ~ lr Itft; ~em ia reQulr.d tD bC ~d .nd the IRS determine, that it hili 1'101 J;..w1il,1 rwpcrtvd, If this rmll&r.UG ~ yoUI' prlnclpal reSlCSenr.e, 'Ie rom'! 2~ 19. Stile or ~chlnge ofPrlnalpaJ Rn3ldDlle:a, fat en)' gRin, WI!PI yollr ineom! tSJl return; for OUllil( i("'IIiar;;lillfl~. Q:m~let, \he .iloolblo pans or F"Dml .797, Form 82$2 ."dlCIt &J",dul. Q (FonTI 1~0), You ara requirca [0 p'IlYirj!'i 1111:1 ScrtU~mel'll Agem (named ibOve) with vour colT'8'd. toxJIo~or idenlifici.llian nllmber, "roo do nol proyMjo 1.1'\0 StUl.flW1' Agent w1\h :fSJUT lUP3Yur lMnlIfltAllan nUl'I'lORr, )'(lU may ~ sobject 10 tMI Of' O'lrnm..l pen31ttee Imooted tlyl::lW. Ut'loHt ,.tUI"i.. c.f pef'j~'ry. I eortifr lh;;lt Ih~ l'tYf1\\:roit1 ..IN"" an \hl~ Gt.ncmCllt 1;5 m~ llOf(tlCl IlUPftYtlt ~'Uon nlJY'lber. (a",n<olr) (!;:..) FF'R- .....-f't?'; THII 1.....;;c:l?; 1";_,.1.. 1_.... ~ H"d."_r, P.A?'; l.~m.ntChanJQ' !l'D: ,!OtBt ::iI.'AB/~r'Ok.8".,~,~.~"'~~"~~.!'.:I~~~~~~,~L_. OM~kin crt" Cbmmi5....ion Oinfl 100) Ill\ fnlltl~: ,.... '.. ,". 701. RamAlI' 54..356.00 ~nall' GMAC Rtli11 E~U11O S4 0405.00 ~ clan Old In SCllIom nl O! BOO. III,. . able n CQCU"lQc;Uor\ W\U\ \.oal'l eat !.olll Ori!:lir'Uidion FM 1,00% 0 GMAC M"f 802. ill' Slnlctl Cantrla. 803. llcation F'elll 325.00 POC eCM. FlOOd Certmca1lon Fl!!tt eos. Laruiet'a Doe Pl\tJ3:.r" Soe. 1.rfe of lMn Flond C~r't B07. 'Da. 109. . 11t eu!. 111:1.. 111.4. 900. Itlm. RlQUI'Bd I)~ Lander t4 Be. Paid 11\ Ad'la1\C4 _,.__ IlO,. 1"'IlMlI.l fmm ::.: Q2I07J2OO3;' ta 09J01.r.!1lCf9' 002. M a In~u nca premium for zorrd na\lran~ Pr lum fi:!r 11.e,.ooo.oo.....l'!l....--1'..__.__....._ p3jorrom 817~r'~ Fund<! Al SentGmUlI P3i(l rrom SfllltI'$ Fund.... At Sealernanf 58.78000 l.1lC c 1 17.00" 65.00 17.00 ;reo.OIl 2.00 Ql!S -....'&zzj.~., :'~-n~'~-.-- -:~,~._-i~~,'6 10-4. 005. '000. Roaervee Depollted wfth lAnder 1001. HWrdlnSlJrance '~". 3' '(~, 1t'o.t'lDa~ ~~)~~~ ~~;..:.:.~,~,_ 1003.CtvIUODerllllII_BI ,..:....~1.3...., 1004, Scheol ~l'Daorw taXOD ::'''";~;,'a':,~: :,,< 1008, Annual Oimcc;mlnlt< 10<18, ~, 1009. AuartlDHlB AcCCM1dna AdiUl.tmWlI 1100. TIU. Cho",.. 1101. S.III> nlldooi I III BeCKLEY & MADDEN "02. Ab'1tr~Ut ,ean;h '\0 ASAP 1103. TitleeXllmil'latiOM . ttl)6, Title iMtll'3ftl'.., birtdftr 1105. Oacum8l\1 pre~l'8tion 1106, No fOot HaT, wf8_ linck.ldiS .-bOll. item nul.1ber& 1108, Title illlU(tnc.loASAP- Stt\warl.Tilfllll GUlllf.' ~ln' (I inClUdes ~CNI!I' Item oornbers 1109. Lend.,.. cover.gt 138700.00 J.~.l~~.~.~l!f.~l~OO9:~_ . .".. '.u".."."_ T 11 1. EndoraNnBn!1100, 300, 8. , and ~ 1112. 1113;, :lcmahotS 13:00. OYOmmont Ri..cord .n~f~rC os ~ "'... o~..... Mono... ~~~Il"'n I:; c::"',...,.....,...,;,'::": ::'1 Iii 1204. Transfer'a 1205. 200:t cOl.lntv~,~,.r~!~.~s. t.-'? D~Ir~, MIlY~, ' ~~ <?_~.I~~l~ 1::11)1.;. 1300. AddrtlanaJ SortJemonl CP\il~1 1301. SUN. 13m. OUI lnD oalon to Heme ;nee 1 1304- 1305, ,~("~-.- 1301. 1301. 1400. 'F'.DlII!. ".u~~~N 2~~~S1I"l!.hb!, NlIRIblt.r 'frtlVifefS \G Unvl1~ & 501 ADOY~ -."" , '-.1Wl1 csfe'wltt reviewed IIIill' HUO.1 &.ulwl'ICllt Sl~Iltf"\lnl and w Ihu ~ ;1 my ~nOl44edg8 anlf Delio'. II iC .1lfl,je.1M o1C:OIiralO :lfartmonl 0' SIr t8C8i~ts &rid ;I1,lilwrHmenIl madlI on my .3I1C4UMI or by me in ~ {(4~tiOrl, I (lol!\fl1h 'OlUI1l) \Il~ I 1l1lYlllliUSnN:llJ a [:IP' a11ne I'1Uo.l :;"'lltllTl"n1 :;lillitllTlef1l r""lll'It _______..u IcrrOWtlI months S !""'!'!,IU monthl!. I!il Ii manila , OI, 5 monlt1e S 26.33 per month ,'-, .' p~rmonrh ...J!lUlIL.~__ 1J.Un ' Det month or...... Def"monUl S7~ l~ S 774.20 S1016:OO s 0.00 , 0.00 .82.19 'SO.OO . . .1jJ~.0Il MOO ReI ~" 510.'1.0 ... 0.00 1400.00 S 0.00 10100..00 757.80 ----...-.. IiO,DO . ....- 5520.'2" -"l1'iin~1I!I SOIl" [Jtlrrt'lwl'lr Ttllhe bIllIl Dlm,kl'lCN'ledD!' If1ctliUD.j SNI!oIn,l'!n1 :;l~wnlt'lll' \ooI'l1(Jllllll~l:' Vlctp.'1lI1l15 UlIIIllnrJ..ccur.... ~CalU"t ~~, nmen. wtTfc:r1...... recelvedond I'IIrw\ bfI"n or will be dl&bursed ~ the lMders.igned 85 p.1t (,I' Ille NW.,llWflll.Athill \fJl\\l~\O". _ . ,.....--. Svu!ImllnIA"em elll!l: ~~":~:r~~~17~m_II/H"~'!"'1WllI1l "'" ~'''''1\III1I0l''' ~ II'''~.".W\V...... -.., 1_ hMhiR 1$t>I\~_\>V\... \i'i~"".1m roI1""Cl/I'Onl'111l'l1 f~6'lI"_ T~~ IIIIJ II . . . ~ FINAL SETTLEMENT OWNER \ ,JI \\ IG m C~0{2J1JII\J\QY\ F ~fLto Date_ '6' Address S'~S' \JJ 0(\l).Th ~~, C'OJ! 0 Uj Q Q c- 11007 Date of Sale" ~\L:._...:-. I....-- Auctioneer J:Jucl._Q eLtJ? Sale location Clerk Other \) C'/ - l. ) c.....- Cashier PROCEEDS OF SALE, Cash..... Checks. ...uu....uu uuuu "uu. $~ u""uu""u,,,,''''.u Z 113 q S , LS Other.... Miscel!aneous (see attached lis1)... TOTAL PROCEEDS OF SALE."u........."uu...u...u$ LESS SELLER'S SALE EXPENSE, ......u/01)"...". $._~ 13-7. 2D Auc.1ioneer's Fee Other Seller's Expens'es Advanced by Auctioneer: ) ,:)[,0. DD ;) ry '31.x. , . ;j~l~V- - ..~ (\C ~st: ~~\ ~\.\l '\ Iv r ",S 010<:'; c\ ,,110 f'\' ~ \\oJ (f\ G~") --\ Miscellaneous (see attached list) .hmu'n__",'__mn DEDUCT TOTAL SELLER'S SALE EXPENSE.".....$ L! IoZ 8. S ( TOTAL NET PROCEEDS TO SELlER."u$cf,(\l L/3, Lf (0 I, {or we), 1he seller of goods, merchandise, and/or property sold at public auction on above date and lociJtion, acknowledge and accept this settlement of proceeds of sale, I (or we) agree to accept all re- sponsibility for providing merchantable tille to all goods, merchandise, and/or property sold, and for delivery of lille to Ihe purchaser. (/~ JJ~' C'J L~j7J~"aJ ~ AJ ~)< ~;~~;" ,;'",,:;~~--~- -Au"c~;c~-;hier'~ Signature (Seller's Signature) Fl~J^L SETTLEMENT--ForfTl No, FS-(19. $2.00 per pad. 10 pads at $1.50 each, 20 or more at $1.25 each, q".nd", f'1/1I1- MIS~;OUf11 AUCTION :iCI/OOl . 1600 Geno~see . Kansas City, MO 64102 . P\lnne 51€. 421/1\7 . . c t' ~M&fBank July 3, 2002 RE: Estate Search The Estate of: Date of Death (D.O.D.) To Whom It May Concern: WILLIAM E CORNMAN 6/1/2002 Identified below is tb.e account information requested. 1. M&T Bank accounts in which the decedent's name appears: Account Account Number Account Title Type CHK 705993 aPENED 9/67 PASSSAV 21000000992801 aPENED 3168 apening Branch D.a.D. Accrued Interest Balances (Includes Accr. Int.) $35,839.59 $.00 caRNMAN F AMIL Y TRUST WILLIAM E CaRNMAN TRUSTEE MIRIAM CaRNMAN TRUSTEE CaRNMAN F AMIL Y TRUST WILLIAM E CaRNMAN TRUSTEE MIRIAM CaRNMAN TRUSTEE 4334 4319 $15,079.00 $13.ol 2. Loans, Mortgages, or other obligations titled in the decedent's name Account Number Amount awed Account Description NO. Safe Deposit Box titled in the Decedent's name existed at our office. If you have any questions about the information provided, please contact our Records Department at (7 I 6) 635-40 to or 1-800-724- 2440 outside of the Buffalo, NY calling area. Thank you. Sincerely, M&T BANK CaRPaRATIaN BY: eIJ.U~ 1-z.~L~~ Authorized Signature DATE: (-> - U'L-- Manufacturers and Traders Trust Company. 1100 Wehrle Drive, Po. Box 767, Buffalo, NY 14240.0767 I?-,?;z-/o:v "- BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION DEPT. 280601 HARRISBURG, PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAISEHENT, ALLOWANCE DR DISALLOWANCE OF DEDUCTIONS AND ASSESSHENT OF TAX DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 04-14-2003 CORNMAN 06-01-2002 21 02-0602 CUMBERLAND 101 JAMES D HUGHES ESQ IRWIN ETAL 60 W POMFRET ST CARLISLE PA 17013 '*' REY-15~7 EX AFP (01-03) WILLIAM E Allount Re..itt.d ) CHANGED (1) [2) (3) (4) (5) (6) (7) .00 38.033.60 .00 .00 .00 .00 224.303.59 [8) MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 CUT ALONG THIS LINE .. RETAIN LOWER PORTION FOR YOUR RECORDS ~ REY=iS4'-EiCAFP--fiiFo3Y-iiiji'-icE--OF-YriiiE'ifiTANCE-TAirAPpiiiiisEiiEiii"~--AL:rowANcE-i'-ri----------------- DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF CORNMAN WILLIAM E FILE NO. 21 02-0602 ACN 101 DATE 04-14-2003 TAX RETURN WAS: (X) ACCEPTED AS FILED RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate {Schedule AJ 2. Stocks and Bonds (Schedule BJ 3. Closely Held stock/Partnership Interest (Schedule C) 4. Mortgages/Notes Receivable [Schedule DJ 5. Cash/Bank Deposits/Misc. Parsonal Property (Schedule EJ 6. Jointly Owned Property {Schedule fJ 7. Transfers {Schedule GJ 8. Total Assets APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Ad... Costs/Misc. Expenses (Schedule H) 10. Debts/Mortgage Liabilities/Liens (Schedule I) 11. Total Deductions 12. Net Value of Tax Return 13. Charitable/Governmental Bequestsj Non-elected 9113 Trusts (Schedule ~) 14. Net Value of Estate Subject to Tax [9) (10) 30,284.04 NOTE: To insure proper credit to your account, submit the upper portion of this form with your tax payment. 262,337.19 30.410 64 231,926.55 .00 231,926.55 NOTE: I~ an assessment was issued previously, lines 14, 15 and/or 16, 17, 18 and 19 will re~lect ~igures that include the total o~ abb returns assessed to date. ASSESSMENT OF TAX: 15. Amount of Line 14 at Spousal rate (15) 16. Amount of Line 14 taxable at Lineal/Class A rat. (16) 17. Amount of Line 14 at Sibling rate (17) 18. Amount of Line 14 taxable at Collateral/Class B rate (18) 19. Principal Tex Due .00 X 00 = .00 231,926.55 X 045 = 10,436.69 .00 X 12 = .00 .00 X 15 = .00 (19)= 10,436.69 126.60 Ill) (12) (13) (14) TAX CREDITS: '''YN"N or [0) AHOUNT PAID DATE NUHBER INTEREST/PEN PAID [-I 08-29-2002 COOO1581 521. 83 10,500.00 TOTAL TAX CREDIT 11,021. 83 BALANCE OF TAX DUE 585.14CR INTEREST AND PEN. .00 TOTAL DUE 585.14CR . IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. [ IF TOTAL DUE IS LESS THAN $1, NO PAYHENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS.) STATUS REPORT UNDER RULE 6.12 ',) ~K / :/ Name of Decedent: WILLIAM E. CORNMAN Date of Death: JUNE 1. 2002 No. 21-02-0602 Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration ofthe above-captioned estate: 1. State whether administration of the estate is complete: -X- Yes _ No 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: 3. If the answer to No.1 is Yes, state the following: a. Did the personal representative file a final account with the Court? Yes X No b. The separate Orphans' Court No. (if any) for the personal representative's account is: c. Did the personal representative state an account informally to the parties in interest? X Yes No Date: 7/3/03 and approvals of formal or informal lerk of Orphan's Court and may be d. Copies of receipts, releases, joind accounts may be filed wit e attached to this r CXJ P <" CL WIN, McKNIGHT & HUGHES James D. Hughes. Esquire Name (please type or print) 60 West Pomfret Street Address Carlisle. PA 17013 City, State, Zip (717) 249-2353 Telephone Number '" I :5 -, '" p ;,. . .D ~;; :3u X Personal Representative Counsel for Personal Representative Capacity: 1'7. "'),:). /;V ~ BUREAU OF INOIVIOUAL TAXES INHERITANCE TAX DIVISION DEPT. 280601 HARRISBURG~ PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE INHERITANCE TAX STATEMENT OF ACCOUNT *' REV-UD7EX AFP tOl-OS> 'OJ DATE, ESTATE OF DATE OF DEATH I' II) ~'JFIh~ J:ly"BER "d' L cllOtlTY ' ACN 05-19-2003 CORNMAN 06-01-2002 21 02-0602 CUMBERLAND 101 WILLIAM E JAMES D HUGHES ESQ IRWIN ETAL 60 W POMFRET ST CARLISLE PA 17013 Allount Rellitted \. , {-, '. /1 MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 NOTE: To insure proper credit to your account, submit the upper portion of this for.. with your tax payment. CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ REv:i61fj-Eif-AFP--fiiFo3y------ii..--iNi.-ERi~.._ANCE-TAic--si'iifiHi-NT-O"-Accoui-if--..ii---------------- - - - -- ESTATE OF CORNMAN WILLIAM E FILE NO. 21 02-0602 ACN 101 DATE 05-19-2003 THIS STATEMENT IS PROVIOEO TO AOVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NAMED ESTATE. SHDWN BELOW IS A SUMMARY OF THE PRINCIPAL TAX DUE, APPLICATION OF ALL PAYMENTS, THE CURRENT BALANCE, AND, IF APPLICABLE, A PROJECTED INTEREST FIGURE. DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 04-07-2003 PRINCIPAL TAX DUE: '" 10,436.69 PAYMENTS (TAX CREDITS): PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) 08-29-2002 CDOO1581 521.83 10,500.00 04-28-2003 REFUND .00 585.14- TOTAL TAX CREDIT 10,436.69 BALANCE OF TAX DUE .00 INTEREST AND PEN. .00 . IF PAID AFTER THIS DATE, SEE REVERSE TOTAL DUE .00 SIDE FOR CALCULATION OF ADDITIONAL INTEREST. I IF TDTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CRJ, YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. ) "-v /,s-c2.39-:P BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION DEPT. Z80601 HARRISBURG, PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT DF TAX JERRY R DUFFIE 301 MARKET ST PO BOX 109 LEMOYNE DATE ESTATE OF DATE OF DEATH FILE NUMBER r COUNTY ACN 01-28-2003 KIME 04-23-2001 21 01-0602 CUMBERLAND 101 ESQ *' REV~1547 EX iFP (Ol-U) DELMAR C Allount R.llitt.d PA 17043 MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ RW=is'4;-Eif-,\i:'p--foFii3Y-riioYicE--OF-i-liiiEifii'AifcE-YA"X-jipPRA-iiiEMErii;"~--Ai:.rOWANCE-ori----------------- DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF KIME DELMAR C FILE NO. 21 01-0602 ACN 101 DATE 01-28-2003 TAX RETURN WAS: (X) ACCEPTED AS FILED ) CMANGED If an assessment was issued previously, lines 14, 15 and/or 16, 17, 18 and 19 will reflect figures that include the total of ALL returns assessed to date. ASSESSMENT OF TAX: IS. Allount of Line 14 at Spousal rat. (15) 16. Allount of Line 14 taxable at Lineal/Class A rat. (16) 17. Allount of line 14 at Sibling rat. (17) 18. Amount of Line 14 taxable at Collateral/Class B rate (18) 19. Principal Tax Due TAY EDITS: I'JI' R.~." "J AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) 07-20-2001 COOOO075 342.11 6,500.00 10-30-2001 CDOO0463 .00 1,227.50 INTEREST IS CHARGED THROUGH 02-12-2003 TOTAL TAX CREDIT 8,069.61 AT THE RATES APPLICABLE AS OUTLINED ON THE BALANCE OF TAX DUE 2,496.02 REVERSE SIDE OF THIS FORM INTEREST AND PEN. 154.70 TOTAL DUE 2,650.72 RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: SUPPLEMENTAL RETURN 1. Real Estate (Schedule AJ (1) 2. Stocks and Bonds (Schedule B) (2) 3. Closely Held stock/Partnership Interest (Schedule C) (3) 4. Mortgages/Notes Receivable (Schedule D) (4) 5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) (5) 6. Jointly Owned Property (Schedule F) (6) 7. Transfers (Schedule G) (7) 8. Total Assets NO. 01 .00 .00 .00 .00 .00 .00 55,467.08 (B) APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Ad.. Costs/Misc. Expenses (Schedule H) (9) 10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 11. Total Deductions 12. Net Value of Tax Return 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) 14. Net Value of Estate Subject to Tax .00 .00 Ill) (12) (13) 1141 NOTE: 40,000.00 X 234,791. 82 X .00 X .00 X . IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. NOTE: To insure proper credit to your account, submit the upper portion of this form with your tax payment. 55,467.08 nn 55,467.08 .00 274,791. 82 00 = 045 = 12 = 15 = .00 10,565.63 .00 .00 10,565.63 (19)= I IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" ICR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF TMIS FDRM FOR INSTRUCTIONS.) '-...,/ b-;2.!j 9 - P BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION DEPT. 280601 HARRIS8URG~ PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE INHERITANCE TAX STATEMENT OF ACCOUNT *' REV-IU7EX AFP (Ol-05J JERRY R DUFFIE 301 MARKET ST PO BOX 109 LEMOYNE ESQ DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 01-27-2003 KIME 04-23-2001 21 01-0602 CUMBERLAND 101 DELMAR C Allount Rellitted PA 17043 MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CD COURT HOUSE CARLISLE, PA 17013 NOTE: To insure proper credit to your account 1 submit the upper portion of this for.. with your tax payment. CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ REv=il.ifj-i'if-,\j:'p-foFii3Y------ii..--iilifERITANc'E--YAX-STAYEMENY-ifF"-Accouiff--.-..ii--------------------- ESTATE OF KIME DELMAR C FILE NO.21 01-0602 ACN 101 DATE 01-27-2003 THIS STATEHENT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NAHED ESTATE. SHOWN BELOW IS A SUHHARY OF THE PRINCIPAL TAX DUE, APPLICATION OF ALL PAYHENTS, THE CURRENT BALANCE, AND, IF APPLICABLE, A PRDJECTED INTEREST FIGURE. DATE OF LAST ASSESSMENT DR RECORD ADJUSTMENT: 01-28-2003 PRINCIPAL TAX DUE: 10,565.63 PAYMENTS (TAX CREDITS): PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) 07-20-2001 CDOOO075 342.11 6,500.00 10-30-2001 CDOO0463 .00 1,227.50 12-20-2002 CDOO1977 .00 1,318.01 12-20-2002 CDOO1978 135.49- 1,318.01 TOTAL TAX CREDIT 10,570.14 BALANCE OF TAX DUE 4.51CR INTEREST AND PEN. .00 . IF PAID AFTER TNIS DATE, SEE REVERSE TOTAL DUE 4.51CR SIDE FOR CALCULATION OF ADDITIONAL INTEREST. ( IF TOTAL DUE IS LESS THAN $1, NO PAYHENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" ICRJ, YOU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS. J COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND 55: Ronald L. CorpIDan_and Tracie Kondek being duly sworn Representatives according to law, deposes and says _____ of the Estate of that they William are the Personal E. Cornman late of __tl1~Boro\lghm()f Carlisl,,_ Cumberland County, Pa., deceased and that the within is an inventory made by Jl,Qpa),JLL,_l;ornman & Tracie Kon,gek, the said Personal Representatives of the entire estate of said decedent, consisting of all the personal prop.rty and real estate, except real estate outside the Commonwealth of Pennsylvania, and that the figures opposite each item of the Inventory represent Ws fair value as of the date of decedent's death. Sworn and subscribed before me, a~~R (]~ Ronald L. Cornman, Personal Representative 188 Faith Circle Carlisle, PA 17013 .1 Notarial Seul la\;Qllc.oj L. .Dr;lWb;t.".g.~h, NO.. td!:Y j-)Ub..H C;"Jrlis t~ BnfO. Curnh~rland COUl'~Y, I :Vly <.\m-dlll'iSIO!1 ExpJi~s AU;l. 14, .'I:~~~~ ~l~P.i. Penns'ylVar1l3. AsSOc!aMn ci KXQces ~ ~ d..h.----- Date of Death 01 Tracie Kondek, Personal Representative 61 Strayer Drive Carlisle, PA 17013 06 2002 Day Month Year INSTRUCTIONS I. An inventory must be filed within three months after appointment of personal representative. 2. A supplement inventory must be filed within thirty days of discovery of additional a.!sets. 3. Additional sheets may be attached as to personalty or realty 4. See Article IV, Fiduciaries Act of 1949. " .-< CI) .M .-< -ci '" >- " '" I- W ~ '" ., ~ ~ >- 0< I- U .. '-' w <( " 12 N c,:: 0.. I- 4-< " 0 0 Vl 0 " ., '" 0 w w 0 <:> '" '" '" 0 I '" u .d .. ., t- o.. 0.. . c I Z I- -' LL .. ~ E-< N -' <( 0 " 0.. 0 ~ 0 W LL <( W '" 0 == '-' I > 0 '" " ,:. <( H ..... I ~ z ~ 0 - S2 N Z 0 '" c <:> " .; Vl Z H 0 U '" H " () ~ z I w <( H .d .... '" 0.. H ... -0 :;: c CI) Z .. OJ H I - -.: ~ :;: Ii 0 " '" -"' -0 .... >--, H " E - ~ 0 .. " 0 -' () u:: .., Inventory of the real and personal estate of WILLIAM E. CORNMAN deceased 1. 880 Shares Verizon Communications, Inc. - traded on NYSE - Common. . . . . TOTAL................. . 38,033 60 38,033 60