HomeMy WebLinkAbout07-18-14 (2) 1505610143
�J REV-1500 Ex`d2-"' ,%
PA Department of Revenue y OFFICIAL USE ONLY
p Pennsylvania county toes Year File Number
Bureau of Individual Taxes °EPARTARNTMRsVsNOE
PO 60x.280601 INHERITANCE TAX RETURN 21 13 1172
Harrisburg,PA 17128-0601 RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death Date of Birth
10 22 2013 07 20 1930
Decedent's Last Name Suffix Decedent's First Name MI
BROWN ROBERT A
(if Applicable)Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name MI
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
a 1. Original Return 2. Supplemental Return 3, Remainder Return(Date of Death
Prior to 12.13-32)
4. Limited Estate 4a.Future Interest Cam Furomisa 5. Federal Estate Tax Return Required
(date of death after 2.12-92)
i-1 g (AiadentDiiou'rerrsiitate �7 7. (Demcea�egl Myint@�pn�1)a Living Trust 0 S. Total Number of Safe Deposit Boxes
❑l 9. Litigation Proceeds Received 1❑� 10.b�'neel Pov3olttimdt{Da�es�rDeam 11.Election to tax antler Se¢9113(A)
and (Attach Schedule O)
CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytime Telephone Number
IVO V OTTO III 717 243 3341
REGISTER OF WILLS USE ONLY
r :
First Line of Address ==
10 EAST HIGH STREET r
Second Line of Address
D0E70LED
City or Post Office State ZIP Code
CARLISLE PA 17013 o r-Cr�i
D ` p
Correspondent's e-mail address:
Under penalties of perjury,I declare that I have examined this return,including accompanying schedules and statements,and to the best of my knowledge and belief,
it is true,correct and complete.Declaration of preparer other than the personal representative is based on all Information of which preparer has any knowtedge.
SIGNATUU O ERSON RESPONSIBLE FOR FI O RETURN DATE
!/7rf j/,���Q , � Norma J Brown �5 y
ADDRESS --�
410 Chestnut Drive, Boillnq Springs, PA 17007
SIGNATURE�OF1PREPA OTHER THAN REPRESENTATIVE DATE
n � No V.Otto III �f/7fZCY�f
ADDRESS
10 East High Street,Carlisle, PA
Side 1
1505610143 1505610143
J 1505610243
REV-1500 EX
Decedent's Social Security Number
Decedent's Name: Browft, Robert A.
RECAPITULATION
1. Real Estate(Schedule A)....................................................................................... 1.
2. Stocks and Bonds(Schedule B)............................................................................. 2. 3 , 995, 908 . 90
3. Closely Held Corporation,Partnership or Sole-Proprietorship(Schedule C)......... 3.
4. Mortgages&Notes Receivable(Schedule D)........................................................ 4.
5. Cash,Bank Deposits&Miscellaneous Personal Property(Schedule E)............... 5.
6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested............ 6.
7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property
(Schedule G) a Separate Billing Requested............ 7.
8, Total Gross Assets(total Lines 1 through 7)........................................................ 8. 3 , 995, 908 . 90
9. Funeral Expenses and Administrative Costs(Schedule H).................................... 9.
10. Debts of Decedent,Mortgage Liabilities and Liens(Schedule 1)............................ 10.
11. Total Deductions(total Lines 9 and 10)................................................................ 11.
12. Net Value of Estate(Line 8 minus Line 11).......................................................... 12. 3 , 995 , 908 . 90
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which
an election to tax has not been made(Schedule J)............................................... 13.
14. Net Value Subject to Tax(Line 12 minus Line 13)............................................... 14. 3, 995 , 908 . 90
TAX COMPUTATION-SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate,or
transfers under Sec.9116 3, 995, 908 . 90 15. 0 . 00
(a)(1.2)X.00
16. Amount of Line 14 taxable 0 . 00 16. 0 . 00
at lineal rate X .045
17. Amount of Line 14 taxable 0 . 00 17. 0 . 00
at sibling rate X.12
18. Amount of Line 14 taxable 0 . 00 18. 0 . 00
at collateral rate X.15
19. TAX DUE................................................................................................................ 19. 0 . 00
20, FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT.
Side 2
1505610243 1505610243
REV-1500 EX Page 3 File Number 21-13-1172
Decedent's Complete Address:
DECEDENT'S NAME
Brown, Robert A.
STREET ADDRESS
410 Chestnut Drive
CITY STATE ZIP
Boiling Springs PA 17007
Tax Payments and Credits:
1. Tax Due(Page 2, Line 19) (1) 0.00
2. Credits/Payments
A. Prior Payments
B. Discount 0.00
Total Credits(A +B) (2) 0.00
3. Interest (3)
4. If Line 2 is greater than Line 1 +Line 3,enter the difference. This is the OVERPAYMENT. (4)
Check box on Page 2,Line 20 to request a refund
5. If Line 1 +Line 3 is greater than Line 2,enter the difference. This is the TAX DUE. (5) 0.00
Make Check Payable to: REGISTER OF WILLS AGENT.
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "V IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred;............................................................................... ❑ ❑x
b. retain the right to designate who shall use the property transferred or its income;.................................. ❑x
c. retain a reversionary interest;or............................................................................................................... ❑x
d. receive the promise for life of either payments,benefits or care?............................................................ ❑x
2. If death occurred after Dec. 12, 1982, did decedent transfer property within one year of death without ❑
receivingadequate consideration?.................................................................................................................... x
3. Did decedent own an"in trust for' or payable upon death bank account or security at his or her death?....... ❑ ❑x
4. Did decedent own an individual retirement account,annuity,or other non-probate property which
contains a beneficiary designation?.....................................__..................................................................
....... ❑ ❑
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES,YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
Fordates of death on or after July 1,1994 and before Jan.1 1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse
is 3 percent[72 P.S.§9116(a)(1.1)(i)].
For dates of death on or after January 1,1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent
[72 P.S.§9116(a)(1.1)(ii)]. The statute does not exempt a transfer to a surviving spouse from tax,and the statutory requirements for disclosure of assets and
filing a tax return are still applicable even if the surviving spouse is the only beneficiary.
For dates of death on or after July 1,2000:
• The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent,an
adoptive parent,or a stepparent of the child is 0 percent[72 P.S.§9116(a)(1.2)].
• The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent,except as noted in[72 P.S.§9116(a)(1)].
• The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent[72 P.S.§9116(a)(1.3)]. A sibling is defined,
under Section 9102,as an individual who has at least one parent in common with the decedent,whether by blood or adoption.
Rev-1603 EX-(6-98)
SCHEDULE B
STOCKS & BONDS
COMMONKEAI-THOFPENNMVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Brown Robert A. 21-13-1172
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM CUSIP VALUE AT DATE
NUMBER NUMBER DESCRIPTION UNIT VALUE OF DEATH
Wells Fargo 1632-3553
1 3,333 shares of EATON VANCE MUN BD FD-Date of death 11.343840 37,809.02
value
2 15,586.859 shares of MFS MUN SER TR PA MUN BD FD- 9.7599998 152,127.74
Date of death value
Accrued dividend on Item 2 through date of death 343.98
3 8,026.44 shares of MFS SER TR III MUN HI INCM A-Date of 7.46 59,877.24
death value
Accrued dividend on Item 3 through date of death 195.62
4 6,004.554 shares of PIMCO FDS PAC INVE MGMT SER NUM 9.12 54,761.53
BD FD CL-A-Date of death value
Accrued dividend on Item 4 through date of death 107.97
5 47,172 shares of Carlisle COS INC-Date of death value 72.7 3,429,404.40
6 2,696 shares of McDonalds Corp-Common-Date of death 94.85 255,715.60
value
7 68 shares of PRUDENTIAL FINL INC.,COM 81.85 5,565.80
TOTAL(Also enter on Line 2, Recapitulation) 3,995,908.90
(If more space is needed,additional pages of the same size)
Copyright(c)2002 form software only The Lackner Group, Inc. Forth PA-1500 Schedule B(Rev.6-98)
REV-0513 EX-(01 40)
pennsylvania SCHEDULE J
DEPARTMENT OF REVENUE
INHERITANCE TAX RETURN BENEFICIARIES
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Brown, Robert A. 21-13-1172
NAME AND ADDRESS OF RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE
NUMBER PERSON(S)RECEIVING PROPERTY DECEDENT (Words) ($$$)
I TAXABLE DISTRIBUTIONS [include outright spousal
distributions,and transfers
under Sec.9116(a)(1.2)]
1 Norma J.Brown Spouse All estate residue 5,565.80
410 Chestnut Drive
Boiling Springs, PA 17007
2 Norma J.Brown,Trustee,fbo Norma J.Brown, Spouse 654,444.10
present value of Disclaimer Trust
410 Chestnut Drive
Boiling Springs,PA 17007
3 Norma J. Brown,Trustee fbo Norma J. Brown, Spouse 3,335,899.00
remainder value of Disclaimer Trust
410 Chestnut Drive
Boiling Springs,PA 17007
Total 3,995,908.90
Enter dollar amounts for distributions shown above on Imes 15 through 18 on Rev 1500 cover sheet,as awroprate.
NON-TAXABLE DISTRIBUTIONS:
II. A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN
Presentvalue of spousal interest in Schedule B,Items 1-6 654,444.10
Remainder value of Schedule B,Items 1-6 3,335,899.00
B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART II-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET
Copyright(c)2010 form software only The Lackner Group,Inc. Form PA-1500 Schedule J(Rev.01-10)
REV4514 EX-(4-09)
SCHEDULE K
LIFE ESTATE, ANNUITY
COMMONWEALTH OF PENNSYLVANIA & TERM CERTAIN
INHERITANCE TAX RETURN
RESIDENT DECEDENT (Check Box 4 on Rev-1500 Cover Sheet)
ESTATE OF FILE NUMBER
Brown Robert A. 21-13-1172
This schedule should be used for all single life,joint or successive life estate and term-certain calculations.For dates of death prior to 5-1-89,
actuarial factors for single life calculations can be obtained from the Department of Revenue.
Actuarial factors can be found in IRS Publication 1457,Actuarial Values,Alpha Volume for dates of death from 5-1-89 to 4-30-99,
and in Aleph Volume for dates of death from 5-1-99 and thereafter.
Indicate the type of instrument which created the future interest below and attach a copy to the tax return.
❑ Will 0 Int_ervivos Deed of Trust El Other
LIFE€ESTATE'INTERE$T 4; CUL,4TtON a 'i;
NEARESTAGEAT TERM OF YEARS
NAME OF LIFE TENANT DATE OF BIRTH DATE OF DEATH LIFE ESTATE IS PAYABLE
Norma J.Brown 07/17/1932 81 ® Life or ❑Term of Years
❑ Life or ❑Term of Years
❑ Life or ❑Term of Years
❑ Life or ❑Term of Years
1. Value of fund from which life estate is payable $ 3,990,343.10
2. Actuarial factor per appropriate table .16526
Interest table rate- ❑ 3112% ❑ 6% ❑ 10% ® Variable Rate 2.4%
3. Value of life estate(Line 1 multiplied by Line 2) $ 659,444.10
s ` TVNUITY INTEREST�CALCULATION '_
NEARESTAGEAT TERM OF YEARS
NAME OF ANNUITANT DATE OF BIRTH DATE OF DEATH ANNUITY IS PAYABLE
❑ Life or ❑Term of Years
❑ Life or ❑Term of Years
❑ Life or ❑Term of Years
❑ Life or ❑Term of Years
1, Value of fund from which annuity is payable $
2. Check appropriate block below and enter corresponding number
Frequency of payout-0 Weekly(52) ❑Bi-weekly(26) ❑Monthly(12) ❑Quarterly(4)
❑ Semi-annually(2) ❑Annually(1) ❑Other
3. Amount of payout per period $
4, Aggregate annual payment. Line 2 multiplied by Line 3
5. Annuity Factor(see instructions)
Interest table rate- ❑ 3 1/2% ❑ 6% ❑ 10% ❑Variable Rate
6. Adjustment Factor(see instructions) $
7. Value of annuity-If using 3112%,6%, 10%or if variable rate and period payout is at end of period,
calculation is: Line 4 x Line 5 x Line 6 $
If using variable rate and period payout is at beginning of period,calculation is:
(Line 4 x Line S x Line 6)+Line 3
NOTE: The values of the funds which create the above future interests must be reported as part of the estate assets on Schedules A through G of the
tax return.The resulting life or annuity interest(s)should be reported at the appropriate tax rate on Lines 13 and 15 through 18 of the return.
Copyright(c)2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule K(Rev.4-09)
REVAM7 EX.(9-00)
SCHEDULE M
COMMONWEALTH OF PENNSYLVANIA FUTURE INTEREST COMPROMISE
INHERITANCE TAX RETURN
RESIDENT DECEDENT (Check Box 4a on Rev-1500 Cover Sheet)
ESTATE OF FILE NUMBER
Brown Robert A. 1 21-13-1172
This schedule is appropriate only for Estates of decedents dying after December 12,1982.
This schedule is to be used for all future interests where the rate of tax which will be applicable when the future interest vests in
possession and enjoyment cannot be established with certainty.
Indicate below the tvoe of instrument which created the future interest and attach a coov to the tax return
N will ❑Trust ❑Other
I. Beneficiaries
NAME OF BENEFICIARY RELATIONSHIP DATE OF BIRTH AGE TO
NEARESTBIRTHDAY
1. Norma J. Brown Spouse 07117/1932 81
2.
3.
4.
5.
II. For decedents dying on or after July 1, 1994,if a surviving spouse exercised or intends to exercise a right of withdrawal within 9
months of the decedent's death,check the appropriate block and attach a copy of the document in which the surviving spouse
exercises such withdrawal r' t.
Unlimited right of withdrawal ❑ Limited right of withdrawal
III. Explanation of Compromise Offer:
Date of Death value of Trust 3,990,343.10
Age of Life Tenant at nearest birthday 81
Federal Section 7520 rate for October 2.4%
Remainder factor .037474 see footnote(1)
Present value of Spousal Interest 654,444.10
Reminder value of Trust 3,335,899.00
Footnote(1) From Federal Table S.Single Life Remainder Factor-Life Interest Holder Age 81 and 2.4%Rate.
IV. Summary of Compromise Offer:
1. Amount of Future Interest: 3,990,343.10
2. Value of Line 1 exempt from tax as amount passing to charities,etc. 0.00
(also include as part of total shown on Line 13 of Cover Sheet)
3. Value of Line 1 passing to spouse at appropriate tax rate 654,444.10
Check One ❑ 6% 113% N 0%
(also include as part of total shown on Line 15 of Cover Sheet)
4. Value of Line 1 taxable at lineal rate 3,335,899.00
116% N 4.5%
(also include as part of total shown on Line 16 of Cover Sheet)
5. Value of Line 1 taxable at sibling rate(12%)
(also include as part of total shown on Line 17 of Cover Sheet)
6. Value of Line 1 taxable at collateral rate(15%)
(also include as part of total shown on Line 18 of Cover Sheet)
7. Total value of Future Interest(sum of Lines 2 thru 6 must equal Line 1) 3,990,343.10
Copyright(c)2002 form software only The Lackner Group,Inc. Form PA-1500 Schedule M(Rev.6-98)
Rev-1809 EX(08.13)
pennsylvania SCHEDULE O
DEPARTMENT OF REVENUE ELECTION UNDER SEC. 9113(A)
INHERITANCE TAX RETURN
RESIDENT DECEDENT SPOUSAL DISTRIBUTIONS
ESTATE OF FILE NUMBER
Brown, Robert A. 21-13-1172
PART A - DEFERRING STATEMENT
For all trust assets reportable for Pennsylvania inheritance tax purposes for which a deferral of tax is chosen under
Section 9113(a),the personal representative responsible for filing the return and the trustee(s)of the trust in question hereby
acknowledge the department's Statement of Policy set forth at 61 Pa.Code§94.3 concerning any potential termination of the
trust under 20 Pa.C.S.§7710.1 that occurs after the return was filed. Specifically,the signatories recognize each individual's
assumption of liability for inheritance tax consequences that result from any termination of the trust under 20 Pa.C.S.§7710.1
that occurs after a return has been filed.
CL- -
Signatur of Person Respon ' le for Filing Return Signature(s)of Trustee(s
PART B — ELECTION TO TAX AMOUNTS
Complete this section only if making the election to tax available under Section 9113(a)of the Inheritance&
Estate Tax Act.
If the election applies to more than one trust or similar arrangement,a separate form must be fled for each trust. This election
applies to the Disclaimer Trust(marital,residual A,B,bypass,unified credit,etc.).
Enter the description and value of all interests for which the Section 9113 (A)election to tax is made.
DESCRIPTION VALUE
Total
(If more space is needed,insert additional sheets of the same size)
Copyright(c)2013 form software only The Lackner Group, Inc. Form PA-1500 Schedule 0(Rev.08-13)
F FILES aWU Cl199mv,n203921„sn ORIGINAL RETAINED BY.
M"TSON DEARDORFF WEUJAMS
01TO GnRoy&FALLER
TSON LAW OFFICES
LAST WILL AND TESTAMENT 1100 EAST GH STREET
CARLISLE, PA 17013
0717) 243-3341
I, ROBERT A. BROWN, of South Middleton Township, Cumberland County,
Pennsylvania,being of sound and disposing mind and memory,do hereby snake,publish and declare
this to be my Last Will and Testament, hereby revoking any and all former Wills or Codicils made
by me.
ITEM ONE
I direct that all my legally enforceable debts, funeral expenses, testamentary expenses and
all inheritance taxes shall be paid to the extent possible from the assets held or passing under ITEM
SIX hereof as soon as practicable after my decease and as part of the administration of my estate.
ITEM TWO
In the event my wife shall predecease or fail to survive me by thirty(30) days, then I give
such items of personalty as are itemized in a certain list attached hereto to the persons named
thereon, which list is signed and dated by me at the end thereof.
ITEM THREE
I bequeath any automobiles or motor vehicles I may own at my death, my personal effects,
such household goods if any as may be my individual property and not the property of my wife or
owned jointly by me with my wife,and other tangible personal property of like nature(not including
cash or securities), together with any existing insurance thereon, to my wife, NORMA J. BROWN,
providing she survives me by thirty(30) days. Should my wife predecease me or die on or before
the thirtieth day following my death, I bequeath such tangible personal property and insurance
thereon to such of my children as are living on the thirty-first day after my death, to be divided
between or among them with due regard for their personal preferences in as nearly equal shares as
practical and as they shall mutually agree. I direct that any of the foregoing articles not selected by
such children or about which there is no agreement shall be sold at public or private sale by my
personal representative(s),and I further direct that the net proceeds thereof shall be administered and
distributed as a part of the residue of my estate.
ITEM FOUR
If my wi fe, NORMA J. BROWN, is living thirty(30)days after my death,then I give,devise
(Initials]
Page 1 of 8 Pages
and bequeath all of my estate,both real and personal property,unto my said wife,absolutely. If my
said wife does not so survive me,then I give,devise and bequeath all the rest,residue and remainder
of my estate, both real and personal property, unto my Trustee to be held or distributed by such
Trustee under ITEM SIX hereof.
ITEM FIVE
In the event my said wife shall disclaim all or any portion of any devise or bequest made to
my wife under the foregoing ITEM FOUR, then the amount otherwise payable shall be held by my
Trustee under ITEM SIX hereof. For purposes of the Trust established under ITEM SIX hereof,my
said wife shall not be deemed to have predeceased me by virtue of my said wife's exercise of the
right to disclaim set forth herein.
ITEM SIX
RESIDUARY AND DISCLAIMER TRUST
My Trustee shall hold the assets received under ITEMS FOUR and FIVE hereof, if any, for
the following purposes:
A. My Trustee shall pay the net income,at least quarter-annually, to my wife,NORMA
J. BROWN, for life. In addition, my Trustee, in my Trustee's sole discretion, may invade the
principal of the Trust for the proper and adequate support of my said wife.
B. In addition to the above provisions, my said wife shall have the power to direct my
Trustee to pay to her or to apply out of the principal of this Trust in each year, including the year of
my death, an amount not in excess of the greater of Five Thousand($5,000.00) Dollars or five(5%)
percent of the then aggregate value of the principal of this Trust. This power shall be noncumulative
and may be exercised only by an instrument in writing signed by her and delivered to my Trustee
within the first thirty(30) days of fiscal year of this Trust.
C. Upon the death of my said wife, or upon my death if my wife shall not survive me
by thirty(30) days, my Trustee shall distribute the principal of the Trust to my children, CARLA
D. STUTENROTH, TODD A. BROWN, SCOTT E. BROWN and DAVID A. BROWN, in equal
shares, absolutely.
D. In the event that any of my said children shall fail to survive my wife and me, but
r +
i
[Initials]
Page 2 of 8 Pages
shall leave issue surviving,then such deceased child's share shall be held by my Trustee and the net
income therefrom shall be used for the support, maintenance and education of the issue of such
deceased child. My Trustee shall use as much of the principal as it shall deem desirable for said
purposes. My Trustee shall distribute absolutely the principal of such share of such deceased child
to the issue of such deceased child per stirpes as each shall attain the age of twenty-five(25) years.
In the event that any of my children shall fail to survive my wife and me and not leave issue
surviving, then such deceased child's share shall be added to the shares of my other children as if
originally a part thereof.
ITEM SEVEN
POWERS OF EXECUTRIX AND TRUSTEE
In addition to the powers conferred by case law, by statute, and by other provisions hereof,
my Executrix and Trustee and their successors, shall have the following discretionary powers
applicable to all property held by them which powers shall be effective without order of any court
and shall exist until final distribution.
A. To retain any property of any nature received by them for whatever period they shall
deem advisable;
B. To invest and reinvest all or any part of said property in such stocks,bonds,common
trust funds, securities, accounts, certificates of deposit(including,but not limited to, stocks, bonds,
common trust funds, securities, accounts or certificates of deposit of the Trustee)or other property,
real or personal, as in their discretion they shall deem proper,without regard to statutes limiting the
property which a fiduciary may purchase;
C. To sell,transfer,exchange or otherwise dispose of,any part of said property, for cash
or on terms,publicly or privately,or to lease,even for a term exceeding five(5)years or the duration
of any trust herein, without liability on the purchasers or lessees to see to the application of the
proceeds, and to give options for these purchases without the obligation to repudiate them in favor
of a higher offer;
D. To execute and deliver any deeds, leases, assignments or other instruments as may
be necessary to carry out the provisions of any trust hereunder;
[In
Page 3 of S Pages
E. To borrow money, including the right to borrow money from any bank and to
mortgage or pledge any asset of the estate as security;
F. To assume continuance of the status of any beneficiary with regard to death,marriage,
divorce, illness, incapacity and the like in the absence of information deemed reliable without
liability for disbursements made on such assumption;
G. To pay from the trust, or the income therefrom, all debts or claims against my estate,
or any taxes or similar charges on my estate;
H. To make any distribution hereunder either in kind or in money, or partially in kind
and partially in money. Distribution in kind shall be made at the market value of the property
distributed, and my Trustee, in my Trustee's absolute discretion, may cause the share distributed to
any distributee to be composed of property similar to or different from that distributed to any other
distributee;
I. To exercise any subscription right in connection with any security held hereunder,to
consent to or participate in any recapitalization, reorganization, consolidation or merger of any
corporation, company or association, the securities of which may be held hereunder, to delegate
authority with respect thereto, to deposit investments under agreements, to pay assessments, and
generally to exercise all rights of investors;
J. To invest in endowment, insurance or annuity policies on the lives of beneficiaries
of any trust hereunder;
K. To continue in any partnership, joint venture, joint ownership or other business
enterprise of which I am a part at the time of my death;
L. To compromise claims;
A To continue for whatever period of time as they shall deem necessary any ownership
as a tenant in common or as a partner, in real estate or other property and to act as I could have done
had I been living;
N. To lend money to my estate or to any trust created hereunder or to purchase from the
estate or from any trust created hereunder, at the market value thereof at the time of purchase, any
securities or other property tendered to them by my estate or any trust created hereunder at any time
J —e
[Initials]
Page 4 of 8 Pages
and from time to time within a period of nine (9) months after my death;
O. In the event that any amounts are payable hereunder or under any trust created
hereunder to a minor, or to a person otherwise under legal disability, or to a person not adjudicated
to be an incapacitated person, but who, by reason of illness or mental or physical disability is, in the
opinion of the fiduciary(ies) hereunder, unable to properly administer such amounts, such amounts
may be paid by the fiduciary(ies)hereunder in his,her or their sole discretion in any of the following
ways as he, she or they may deem best:
1. Directly to such beneficiary;
2. To a legally appointed guardian of such beneficiary for the benefit of such
beneficiary;
3. To a person having custody of such beneficiary for the benefit of such
beneficiary;
4. By the fiduciary(ies) hereunder using such amounts directly to the benefit of
such beneficiary.
Evidence of the application of payment of an amount in such a manner shall be a full and complete
discharge of the fiduciary(ies) hereunder to the extent of such payment or application. This
paragraph shall be applicable to payments of income as well as principal.
P. To employ agents, attorneys and proxies and to delegate to them such power as my
personal representative and Trustee consider desirable and to pay reasonable compensation for such
services as may be rendered by such agents, attorneys and proxies;
Q. To conduct an inventory of any safe deposit box necessary to the administration of
my estate.
R. To do all other acts in their judgment necessary or desirable for the proper
management, investment and distribution of my Estate.
ITEM EIGHT
PROTECTIVE PROVISIONS
All income or principal held for the use and benefit of the beneficiaries of any trust hereunder
shall not be in any way or manner subject to anticipation, assignment, pledge, sale or transfer, nor
i
] rituals]
Page 5 of 8 Pages
shall any such interest, while in the possession of my Trustee, be liable for or subject to the debts,
contracts, obligations, liabilities or torts of any beneficiary, or to attachments, executions or
sequestrations under process of law.
ITEM NINE
APPOINTMENT OF EXECUTRIX AND TRUSTEE
I nominate,constitute and appoint my wife,NORMA J.BROWN,as Executrix of my estate.
In the event that my said wife shall predecease me or fail to act as Executrix, then I appoint
MARTSON LAW OFFICES, of Carlisle, Pennsylvania, as Executor of my estate. In such latter
event, the basis for compensation shall be the hourly rate(s) of such firm in effect as such services
are rendered.
I nominate, constitute and appoint my wife, NORMA J. BROWN, as Trustee of any trust
created hereunder. In the event that my said wife shall fail or be unwilling to continue to act as
Trustee, then I appoint MARTSON LAW OFFICES, of Carlisle, Pennsylvania, as Trustee of any
trust created hereunder. In such latter event, the basis for compensation shall be the hourly rate(s)
of such firm in effect as such services are rendered.
A majority of all income beneficiaries of the trust or trusts created under this Will may from
time to time remove any corporate trustee then acting for reasonable cause and substitute another
corporate trustee; provided, however, that such successor corporate trustee shall not be a related or
subordinate to any one or more of the beneficiaries hereunder within the meaning of Internal
Revenue Code §672(c)or successor provisions. When the removed corporate trustee has received
written notice of its removal and has been notified in writing by its successor corporate trustee of the
latter's acceptance, the removed corporate trustee shall surrender all books, records, and assets in
its possession comprising any portion of the trust or relating to the trust. In no event shall the
removed corporate trustee charge a"termination fee"based on a percentage of trust assets as a result
of such removal but shall be entitled only to charge such fee as fairly represents the cost of any
accounting required by the beneficiaries or successor corporate trustee as part of such removal and
substitution. The removed corporate trustee shall not be relieved of liability until its successor has
qualified and the removed trustee's accounting, if applicable, has been settled or the beneficiaries
nitls]
Page 6 of 8 Pages
and successor corporate trustee have otherwise accepted an account stated in lieu of a formal
accounting. As used in this paragraph, the term "reasonable cause" includes, but is not limited to:
(1)poor investment performance,(2)the removal of all current income beneficiaries from the state
in which the corporate trustee is licensed to conduct business as a corporate trustee, (3) inattention
to the reasonable needs of the beneficiaries, (4) lack of communication between trustee and
beneficiaries, (5)inaccurate or unclear transaction statements or statements of account,(6)conflicts
between the corporate trustee and the beneficiaries,(7)merger,acquisition or deteriorating financial
condition of the corporate trustee,or(8)high turnover of account officers assigned to any trust under
this Will.
ITEM TEN
WAIVER OF BOND
I direct that all fiduciaries acting under the Will, whether or not named herein, shall not be
required to give bond for the faithful performance of their duties in any jurisdiction, nor shall they
be required to obtain any order or approval of any court for the exercise of any power or discretion
set forth in this Will.
'-
IN WITNESS WHEREOF I have hereunto set my hand and seal this /f sr/ day of
4 (SEAL)
SIGNED,SEALED,PUBLISHED AND DECLARED by the above-named Testator,as and
for his Last Will and Testament, in the presence of us,who at his request,have hereunto subscribed
our names as witnesses thereto, in the presence of the said Testator and of each other.
Page 7 of 8 Pages
COMMONWEALTH OF PENNSYLVANIA )
SS.
COUNTY OF CUMBERLAND
We,Robert A.Brown,No V. Otto III,and the Testator
and the witnesses,respectively,whose names are signed to the foregoing instrument,being first duly
sworn, do hereby declare to the undersigned authority that the Testator signed and executed the
instrument as his last Will and that the Testator has signed willingly, and that the Testator executed
it as his free and voluntary act for the purposes therein expressed, and that each of the witnesses, in
the presence and hearing of the Testator, signed the Will as a witness and that to the best of his/her
knowledge the Testator was at that time eighteen years of age or older, of sound mind and under no
constraint or undue influence.
Rob A. Br wn, Testator
Witness
Wit e_ss
Subscribed, sworn to and acknowledged before me by Robert A. Brown the Testator, and
subscribed and sworn to beforreme by No V. Otto III and =+. Y ( �,,,;.'j i, the
witnesses, this /'i/d-ay of
i
i
Notary Public
Page 8 of 8 Pages
Estate Valuation
Date of Death: 10/22/2013 Estate of: Robert A. Brown Estate
Valuation Date: 10/22/2013 Report Type: Date of Death
Processing Date: 06/18/2014 Number of Securities: 6
File ID: 13039.3.brown.all
Shares Security Mean and/or Div and Int Security
or Par Description High/Ask Low/Bid Adjustments Accruals Value
1) 15586.859 MFS MUM SER TR (55273N798; MFPAX)
PA MUM BD FD
Mutual Fund (as quoted by NASDAQ)
10/22/2013 9.76000 Mkt
9.760000 152,127.74
Daily Div. Accrual as of 10/22/2013 343.98
2) 8026.94 MFS SER TR III (552984304; MMHYX)
MUM HI INCM A
Mutual Fund (as quoted by NASDAQ)
10/22/2013 7.46000 Mkt
7.460000 59,877.24
Daily Div. Accrual as of 10/22/2013 195.62
3) 6004.554 PIMCO EDE PAC INVT MGMT SER (693391617; PMLAX)
NUM BD FD CL A
Mutual Fund (as quoted by NASDAQ)
10/22/2013 9.12000 Mkt
9.120000 54,761.53
Daily Div. Accrual as of 10/22/2013 107.97
4) 3333 EATON VANCE MUN BD FD (27827X101; EIM)
COM
NYSE AMEX Equities
10/22/2013 11.33000 11.23000 H/L
11.280000
Div: 0.063890 Ex: 10/22/2013 Rec: 10/24/2013 Pay: 10/31/2013 + 0.063840
11.343840 37,809.02
5) 47172 CARLISLE COS INC (142339100; CSL)
COM
New York Stock Exchange
10/22/2013 74.90000 70.50000 H/L
72.700000 3,429,909.40
6) 2696 MCDONALDS CORP (580135101; MCD)
COM
New York Stock Exchange
10/22/2013 95.49000 94.21000 H/L
99.850000 255,715.60
Total Value: $3,989,695.53
Total Accrual: $647.57
Total: $3,990,343.10
Page 1
This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions,
please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.3.1)
,-S,L i- �
Estate Valuation
Date of Death: 10/22/2013 Estate of: Robert A. Brown Estate
Valuation Date: 10/22/2013 Report Type: Date of Death
Processing Date: 06/26/2014 Number of Securities: 1
File ID: 12039.1.brown.pru
Shares Security Mean and/or Div and Int Security
or Par Description High/Ask Low/Bid Adjustments Accruals Value
1) 6B PRUDENTIAL FINL INC (744320102, PRU)
COM
New York Stock Exchange
10/22/2013 82.38000 81.32000 H/L
81.850000 5,565.80
Total Value: $5,565.80
Total Accrual: $0.00
Total: $5,565.80
Page 1
This report was produced with EstateVal, a product of Estate Valuations s Pricing Systems, Inc. If you have questions,
please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.3.1)