HomeMy WebLinkAbout07-28-14 1505610140
REV-1500 EX (01-10)
OFFICIAL USE ONLY
Bu Department of Revenue County Code Year File Number
Bureau of Individual Taxes INHERITANCE TAX RETURN b
Ha Box g, PA 1 2 1 1 4 0 3 6 5
Harrisburg, PA 17128-0601 RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY
0 2 0 4 2 0 1 4 0 1 0 8 1 9 4 3
Decedent's Last Name Suffix Decedent's First Name MI
P A U L W I L L I A M A
(If Applicable)Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name MI
P A U L J 0 — A N N J
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
0 1.Original Return ❑ 2. Supplemental Return 3. Remainder Return(date of death
prior to 12-13-82)
4. Limited Estate 4a. Future Interest Compromise(date of 5. Federal Estate Tax Return Required
death after 12-12-82)
OX 6.Decedent Died Testate E] 7. Decedent Maintained a Living Trust S.Total Number of Safe Deposit Boxes
(Attach Copy of Will) (Attach Copy of Trust)
9. Litigation Proceeds Received 10.Spousal Poverty Credit(date of death ❑ 11. Election to tax under Sec.9113(A)
between 12-31-91 and 1-1-95) (Attach Sch. 0)
CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytime Telephone Number
C H R I S T A M A P L I N 7 1 7 5 4 1 5 5 5 0
REGISTER OF WILLS USE ONLY
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C-) c':n
First line of address =0 c._ t-i-�
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J A N L B R 0 W N & A S S 0 C r
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Second line of address CID
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8 4 5 S I R T H 0 M A S C T S T E 1 2 CD
0,.--_.
City or Post Office State ZIP Code 'DAYS FILED
H A R R I S B U R G P A 1 7 1 0 9 0
Correspondent's e-mail address: CHRISTA(QJANBROWNLAW.COM
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,c rrect and compl TtS; 9 tion of preparer other than the personal representative is based on all information of which preparer has any knowledge.
AT R OF PE N OPSIKE FOR FILING RETURN DATE
7/25/2014
A ESS
?Q3 SHEPH W STOWN RD MECHANICSBURG PA 17055
SI RE9F_P_R_EP_ARfR jTHVTHAN REPRESENTATIVE DATE
7/25/2014
A RESS
84 SIR THOMAS CT STE 12 HARRISBURG PA 17109
PLEASE USE ORIGINAL FORM ONLY
Side 1
1505610140 1505610140 J VV
1505610240
REV-1500 EX
Decedent's Social Security Number
Decedent's Name: WILLIAM A . PAUL
RECAPITULATION
1. Real Estate(Schedule A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.
2. Stocks and Bonds(Schedule B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 1 1 9 0 , 3 8
3. Closely Held Corporation, Partnership or Sole-Proprietorship(Schedule C) . . . . . 3.
4. Mortgages and Notes Receivable(Schedule D) . . . . . . . . . . . . . . . . . . . . . . . . . . 4.
5. Cash,Bank Deposits and Miscellaneous Personal Property(Schedule E). . . . . . . 5. 1 2 7 2 6 3 , 7 7
6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested . . . . . . . 6.
7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property
(Schedule G) ❑ Separate Billing Requested . . . . . . . 7.
8. Total Gross Assets total Lines 1 through 7 8. 1 2 8 4 5 4 , 1 5
9. Funeral Expenses and Administrative Costs(Schedule H) . . . . . . . . . . . . . . . . . . 9. 4 5 1 4 • 6 2
10. Debts of Decedent,Mortgage Liabilities,and Liens(Schedule I) . . . . . . . . . . . . . 10.
11. Total Deductions(total Lines 9 and 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. 4 5 1 4 . 6 2
12, Net Value of Estate(Line 8 minus Line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. 1 2 3 9 3 9 . 5 3
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. 1 2 3 9 3 9 . 5 3
TAX CALCULATION-SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate,or
transfers under Sec. 9116
(a)(1.2)X.00 1 2 3 9 3 9 . 5 3 15. 0 . 0 0
16. Amount of Line 14 taxable
at lineal rate X.0- 0 0 0 16, 0 . 0 0
17. Amount of Line 14 taxable
at sibling rate X.12 0 . 0 0 17. 0 . 0 0
18. Amount of Line 14 taxable
at collateral rate X.15 0 . 0 0 18. 0 . 0 0
19. TAX DUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19. 0 . 0 0
20, FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ❑
Side 2
1505610240 1505610240
REV-1500 Ex Page 3 File Number
Decedent's Complete Address: 21 14 0365
DECEDENT'S NAME
WILLIAM A. PAUL
STREET ADDRESS
1700 Market Street
CITY STATE ZIP
Camp Hill I PA 17011
Tax Payments and Credits:
1. Tax Due(Page 2,Line 19) (1) 0.00
2. Credits/Payments
A.Prior Payments
B.Discount
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.
Fill In oval on Page 2,Line 20 to request a refund. (4) 0.00
5. If Line 1 +Line 3 is greater than Line 2,enter the difference.This is the TAX DUE. (5) 0.00
Make check payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred; ...................................................................... ❑ ❑X
b. retain the right to designate who shall use the property transferred or its income; ............................... ❑ ❑x
c. retain a reversionary interest;or ................................................................................................ ❑
d. receive the promise for life of either payments,benefits or care? ....................................................... ❑ lZI
2. If death occurred after December 12,1982,did decedent transfer properly within one year of death
without receiving adequate 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.
For dates of death on or after July 1, 1994,and before Jan. 1, 1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse
3 percent[72 P.S.§9116(a)(1.1)(i)].
For dates of death on or after Jan. 1, 1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent
[72 P.S.§9116(a)(1.1)(ii)].The statute does not exempt a transfer to a surviving spouse from tax,and the statutory requirements for 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(1.2)[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)1.A sibling is defined, unde
Section 9102,as an individual who has at least one parent in common with the decedent,whether by blood or adoption.
REV-1503 EX+(8-12)
pennsylvania SCHEDULE B
DEPARTMENT OF REVENUE
INHERITANCE TAX RETURN STOCKS & BONDS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
WILLIAM A. PAUL 21 14 0365
All property jointly owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. MetLife Inc (MET), 25 shs @$47.615/sh 1,190.38
TOTAL(Also enter on Line 2,Recapitulation) $ 1,190.38
If more space is needed, insert additional sheets of the same size
REV-1508 EX-(08-12)
pennsylvania SCHEDULE E
DEPARTMENT OF REVENUE CASH, BANK DEPOSITS & MISC.
INHERITANCE TAX RETURN
RESIDENT DECEDENT PERSONAL PROPERTY
ESTATE OF: FILE NUMBER:
WILLIAM A. PAUL 21 14 0365
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointly owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. Metro Bank Money Market 0537889677 127,263.77
TOTAL(Also enter on Line 5,Recapitulation) $ 127 263.77
If more space is needed, use additional sheets of paper of the same size.
REV-1511 EX+(10-09)
pennsylvania SCHEDULE H
DEPARTMENT OF REVENUE FUNERAL EXPENSES AND
INHERITANCE TAX RETURN ADMINISTRATIVE COSTS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
WILLIAM A. PAUL 21 14 0365
Decedent's debts must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
& FUNERAL EXPENSES:
1.
B. ADMINISTRATIVE COSTS:
1. Personal Representative Commissions:
Name(s)of Personal Representative(s)
Street Address
City State ZIP
Years)Commission Paid:
2, Attorney Fees: Jan L Brown &Associates 3,500.00
1 Family Exemption:(If decedent's address is not the same as claimants,attach explanation,)
Claimant
Street Address
City State ZIP
Relationship of Claimant to Decedent
4. Probate Fees: Cumberland County Register of Wills 348.50
6 Accountant Fees: Parks & Company 305.00
6. Tax Return Preparer Fees:
7. Cumberland Law Journal; legal advertising 75.00
8 The Sentinel; legal advertising 286.12
TOTAL(Also enter on Line 9,Recapitulation) $ 4,514.62
If more space is needed,use additional sheets of paper of the same size.
REV-1513 EX.(0110)
pennsylvania SCHEDULE J
DEPARTMENT OF REVENUE BENEFICIARIES
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF: FILE NUMBER:
WILLIAM A. PAUL 21 14 0365
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S)RECEIVING PROPERTY Do Not ListTrustee(s) OF ESTATE
I TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under
Sec.9116(a)(12).[
1. Jo-Ann J Paul Spousal
707 Shepherdstown Rd, Mechanicsburg, PA 17055 100% residue
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET,AS APPROPRIATE.
]I. NON-TAXABLE DISTRIBUTIONS:
A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN:
1.
B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS:
1.
TOTAL OF PART II-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $
If more space is needed,use additional sheets of paper of the same size.
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LAST WILL AND TESTAMENT m -D G� o
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OF
WILLIAM A. PAUL o c
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C13 to 0
I, WILLIAM A. PAUL of Cumberland County, Pennsylvania, declare this to be my Last
Will and Testament hereby revoking all prior Wills and Codicils.
ITEM I. I direct that the expenses of my last illness and funeral be paid from my estate as
soon as practicable after my death.
ITEM II. All inheritance, estate, and succession taxes (including interest and penalties
thereon, but not including any generation skipping tax)payable by reason of my death shall be
paid out of and be charged generally against the principal of my residuary estate without
reimbursement from any person. In the event that my residuary estate is not sufficient to make
these payments, then these payments shall be equitably apportioned among those beneficiaries to
whom any benefit from my estate accrues, in the proportion that the value of the property or
interest received by a beneficiary bears to the total value of the property and interests received by
all such beneficiaries. This provision is not a waiver of any right which my Executor has to
claim reimbursement for any such taxes which become payable as the result of any property over
which I have the power of appointment.
ITEM III. I give, devise and bequeath in accordance with any memorandum which I have
either handwritten or signed, located with my Will or with my valuable papers and found within
30 days of the probate of my Will. Gifts may only be to persons who survive me or to
organizations which exist at my death, and if there is a conflict,the memorandum having the
latest date shall govern.
ITEM IV. All the rest, residue and remainder of my estate, of whatsoever nature and
wheresoever situate, I give, devise and bequeath to my wife, JO-ANN J. PAUL, of Cumberland
County, Pennsylvania. In the event that JO-ANN J. PAUL predeceases me or does not survive
me by thirty(30) days, I give, devise, and bequeath the remainder of my estate, of whatsoever
nature and wheresoever situate according to the following schedule:
A. SEVENTY-FIVE PERCENT (75%) to be held in a Special Supplemental
Care Trust, for my son, WILLIAM M. PAUL, to be held, managed, and administered
according to ITEM IX.
B. TWENTY-FIVE PERCENT (25%) IN EQUAL SHARES to my following
grandchildren: DESTINI A. PAUL, WILLIAM JAMES PAUL, and KAYLEEN J. PAUL.
If any of my beneficiaries predecease me or fail to survive me by thirty(30)days, I give,
devise and bequeath his or her share to his or her issue who survive me, per stirpes, or if he or
she has no issue, the share(s) are to be added equally to the other shares.
ITEM V. If a beneficiary under this Will other than WILLIAM M. PAUL has not attained
the age of twenty-five(25)years, the share of the beneficiary shall be placed in a separate trust, for
the benefit of that beneficiary according to the terms in Article VI.
ITEM VI. In the event that a Trust is created by or as a result of any part of this Will for
beneficiaries other than WILLIAM M. PAUL under the age of twenty-five (25), the terms and
conditions of the Trust shall be as follows:
A. To expend and apply so much of the net income and so much of the principal of the
Trust as the Trustee shall consider advisable for the support, health, care and education (including
2
college,trade school,or other similar training or education)of the child until the child attains the age
of twenty-five (25) years.
B. Upon attaining the age of twenty-five(25),the remaining principal and accumulated
income of the child's share shall be distributed outright to the child.
C. No beneficiary or remainderman of this Trust shall have any right to alienate,
encumber, or hypothecate his or her interest in the principal or income of the Trust in any manner,
nor shall any interest be subject to claims of his or her creditors or liable to attachment,execution,or
other processes of law.
ITEM VII. In order to carry out the purposes of the Trust for beneficiaries other than
WILLIAM M.PAUL,outlined in ITEMS V and VI of this Will,the Trustee,in addition to all other
powers granted by this Will or by law,shall have the following powers over the Trust estate,subject
to any limitations specified elsewhere in this Will:
(a) to retain in the form received and/or to sell either at public or private sale, any real
estate or personal property except that which I specifically bequeath herein,
(b) to manage real estate,
(c) to invest and reinvest in all forms of property without being confined to legal
investments, and without regard to the principal of diversification,
(d) to exercise any option or right arising from the ownership of investments,
(e) to compromise claims without court approval and without consent of any beneficiary,
(f) to file fiduciary/income tax returns and pay the tax due for any year for which such a
return is required,
3
(g) to make distributions in cash or in kind,or in both,and to determine the value of any
such property,
(h) to employ any attorney, investment advisor,or other agent deemed necessary by my
Executor; to pay from my estate reasonable compensation for all their services,
(i) to conduct along with or with others, any business in which I am engaged in or have
an interest in at the time of my death, and
0) to receive reasonable compensation in accordance with their standard schedule of fees
in effect while their services are performed.
ITEM VIII. I hereby appoint my sister-in-law, DONNA YOST,of Northumberland
County, Pennsylvania as Trustee of the Trust(s) created in this Will outlined in ITEMS V through
VII for any beneficiary(ies) under the age of twenty-five (25). In the event of the renunciation,
death, or inability to act, for any reason whatsoever of DONNA YOST, I nominate, constitute
and appoint my sister, KATHLEEN O'TOOLE, of Sunbury, Pennsylvania as successor Trustee
with all the same powers of the initial Trustee.
ITEM IX. Special Supplemental Care Trust for WILLIAM M PAUL. I hereby
nominate and appoint THE FAMILY TRUST (a division of ACHIEVA), or its successors,
currently of 711 Bingham Street, Pittsburgh, Pennsylvania, 15203 as Trustee of the Special
Supplemental Care Trust under this my Last Will and Testament.
The share of my estate that is set aside for WILLIAM M. PAUL shall be held by my
Trustee, THE FAMILY TRUST, or its successor(s), in trust for WILLIAM M. PAUL's benefit
in a Special Supplemental Care Trust in accordance with the following provisions:
4
A. INTENT
It is my intention by this trust to create a purely discretionary supplemental care fund for
the benefit of WILLIAM M. PAUL and not to displace financial assistance that may otherwise
be available to him. Illustrative of the kinds of supplemental,non-support disbursements that
would be appropriate for my Trustee to make from this trust for WILLIAM M. PAUL include:
sophisticated medical or dental or diagnostic work or treatment for which there are not funds
otherwise available, including plastic surgery or other non-necessary medical procedures;private
rehabilitative training; dental care; recreation and transportation; differentials in cost between
housing and shelter for shared and private rooms in institutional settings; supplemental nursing
care and similar care that assistance programs may not otherwise provide; telephone and
television service, companions for travel, reading, driving and cultural experiences and payments
to bring his children or others for visitation in the event my Trustee deems that appropriate and
reasonable.
B. It is important that WILLIAM M. PAUL maintain a high level of human dignity and
that his care be humane. If this trust were to be eroded by creditors, subjected to liens or
encumbrances, or cause assistance benefits to be unavailable or terminated, it is likely that the
trust corpus would be deleted prior to his death, especially if the cost of care for him would be
high. In such event there would be no coverage for emergencies or supplementation to basic
needs. The trust provisions contained in this instrument should be interpreted by my Trustee in
light of these concerns and this intent.
C. My Trustee shall pay or apply for the benefit of my son for his lifetime such amounts
from the principal or income, or both, of this trust up to the whole thereof, as the Trustee, in the
5
Trustee's sole and absolute discretion, may from time to time deem necessary or advisable for the
satisfaction of WILLIAM M. PAUL's special non-support needs, if any. Any income not
distributed shall be added annually to principal. As used in this instrument, "special non-support
needs" refers to the requisites for maintaining my son's good health, safety and welfare when, in
the discretion of the Trustee, such requisites are not being provided by any public agency, office
or department of the state where he lives or of the United States, or are not otherwise being
provided by other sources of income available to him. Special non-support needs shall include
but shall not be limited to the list of suggested non-support items set out in this article.
D. In the event that he is unable to maintain and support himself independently, the
Trustee may, in the exercise of the Trustee's best judgment and fiduciary duty, seek support and
maintenance for him from all available public and private sources. The Trustee shall take into
consideration the applicable resources and limitations of any public assistance program for which
he is eligible. In carrying out the provisions of this trust, my Trustee shall be mindful of the
probable future needs of my son, but not of the trust remainder beneficiaries.
E. No part of the corpus of the trust created by this article shall be used to supplant or
replace public assistance benefits of any county, state, federal or other governmental agency that
has a legal responsibility to serve persons with disabilities that are the same or similar to those
which WILLIAM M. PAUL may be experiencing. For purposes of determining my son's public
assistance eligibility, no part of the principal or undistributed income of the trust shall be
considered available to him. In the event that the Trustee is required to release principal or
income of the trust to or on behalf of WILLIAM M. PAUL to pay for benefits or services which
such public assistance is otherwise authorized to provide were it not for the existence of this
6
trust, or in the event the Trustee is requested to petition the court or any other administrative
agency for the release of trust principal or income for this purpose, the Trustee is authorized to
deny such request. My Trustee is authorized, in the Trustee's discretion, to take whatever
administrative or judicial steps may be necessary to continue the public assistance program
eligibility of WILLIAM M.PAUL, including obtaining instructions from a court of competent
jurisdiction ruling that the trust corpus is not available to the beneficiary for such eligibility
purposes. Further, my Trustee should cooperate with the beneficiary's conservator, guardian,or
legal representative to seek support and maintenance for the beneficiary from all available
resources, including but not limited to, the Supplemental Social Security Income Program (SSI);
the Medicaid Program; and any additional, similar or successor programs; and from any private
support sources. Any expense of the Trustee, including reasonable attorney fees, shall be a
proper charge to the trust.
F. SPENDTHRIFT PROVISIONS
No interest in the principal or income of this trust shall be anticipated, assigned or
encumbered or shall be subject to any creditor or to any legal process prior to the actual receipt
by the beneficiary. Furthermore,because this trust is to be conserved and maintained for the
special non-support needs of WILLIAM M. PAUL throughout his life, no part of the corpus
hereof, neither principal nor undistributed income, shall be construed as part of WILLIAM M.
PAUL'S estate or be subject to the claims of voluntary or involuntary creditors for the provision
of care and services, including residential care by any public entity, office, department, or agency
of any state or the United States or any governmental agency. Under no circumstances can the
beneficiary compel a distribution.
7
G. TRUSTEE AUTHORITY TO TERMINATE TRUST
Notwithstanding anything to the contrary contained in this trust, in the event that the trust
has the effect of rendering WILLIAM M. PAUL ineligible for any program of public benefit,
the Trustee is authorized, but not required, to terminate this trust. In determining whether the
existence of the trust has the effect of rendering WILLIAM M. PAUL ineligible for any
program of public benefit, my Trustee is granted full and complete discretion to initiate either
administrative or judicial proceedings, or both, for the purpose of determining eligibility. All
costs relating thereto, including reasonable attorney fees, shall be a proper charge to the trust. In
the event of voluntary termination, the undistributed balance of this Trust shall be distributed IN
EQUAL SHARES to my grandchildren: DESTINI A. PAUL, WILLIAM JAMES PAUL,and
KAYLEEN J. PAUL.
If any of my beneficiaries predecease me or fail to survive me by thirty(30) days, I give,
devise and bequeath his or her share to his or her issue who survive me,per stirpes, or if he or
she has no issue, the share(s) are to be added equally to the other shares.
H. VOLUNTARY CARE
It is my wish that subsequent to the tennination of the trust for the benefit of WILLIAM
M. PAUL, if my contingent beneficiaries are living and distribution has been made outright to
them, if WILLIAM M. PAUL is still living because there has been a voluntary termination of
the trust in accordance with the provisions of this article, that such contingent beneficiaries will
conserve, manage and distribute the proceeds of the former trust for the benefit of WILLIAM
M. PAUL to insure that he receives sufficient funds for his basic living and supplemental needs
when public assistance benefits are unavailable or insufficient. 'Phis request pertaining to the use
8
and management of the trust proceeds after the termination of the trust is not mandatory, but is an
expression of my wishes only.
1. BENEFICIARIES OF TRUST RESIDUE UPON DEATH OF DISABLED
BENEFICIARY
Unless sooner terminated, the trust created for WILLIAM M. PAUL shall tenninate
upon his death. At that time all remaining trust assets shall be distributed IN EQUAL SHARES
to my grandchildren: DESTINI A. PAUL,WILLIAM JAMES PAUL,and KAYLEEN J.
PAUL.
If any of my beneficiaries predecease me or fail to survive me by thirty(30) days, I give,
devise and bequeath his or her share to his or her issue who survive me,per stirpes, or if he or
she has no issue, the share(s) are to be added equally to the other shares.
J. TRUSTEE'S POWERS
Subject to the requirement that my Trustee be prudent,my Trustee shall have full power
and authority to manage and control the trust estate and to sell, exchange, lease, rent, assign,
transfer and otherwise dispose of any or part thereof upon such terms and conditions as my
Trustee may, in my Trustee's discretion, deem proper. My Trustee may invest or reinvest all or
any part of the trust estate in such common or preferred stocks,bonds, debentures, mortgages,
deeds, deeds of trust,notes and other securities, investments of property, including common trust
funds, which my Trustee, in my Trustee's absolute discretion, may select or determine. It is my
express intention that the Trustee shall have full power to invest and reinvest the trust funds as I
might do if living, without being restricted to forms of investments which Trustees may be
otherwise permitted by law to make, and without any requirements as to diversification of
9
investments. My Trustee may continue to hold in the form in which received, any securities or
any property which 1 might own at the time of my death or which my Trustee may at any time
acquire hereunder; and may invest any part of the trust funds in property located within or
outside of the Commonwealth of Pennsylvania.
My Trustee is further authorized to invest in life, annuity, accident, sickness, including
disability, and medical insurance on behalf of and for the benefit of the trust beneficiaries.
My Trustee shall not be obligated to undertake litigation for collection of any benefits or
assets payable by reason of my death including, but not limited to, such benefits under life
insurance policies, employee benefit plans or other contracts,plans or arrangements providing for
payment or transfer at death which are payable to my Trustee unless my Trustee is indemnified to
my Trustee's satisfaction against any liability and the expense of such litigation. Payment to my
Trustee and the receipt of or release by my Trustee shall fully discharge any payor, and no payor
need inquire into or take notice of my Will to see to the application of such payment.
My Trustee shall, in addition to the powers granted above, have all powers otherwise
granted under the Pennsylvania Fiduciaries'Powers Act as amended after the date of my Will and
after my death.
My Trustee shall specifically have the powers to invest in non-income producing assets.
In the event that the Beneficiary relocates to another State, then the Trustee is authorized,
in its sole and absolute discretion,to amend this Trust for the purpose of carrying out the
expressed intent of the Settler.
10
K. UNSUPERVISED ADMINISTRATION
The trust created by this Will may be administered by my Trustee free from the control of
any court that may otherwise have jurisdiction over my estate.
ITEM X. I nominate and appoint my wife, JO-ANN J. PAUL as Executrix of my Will.
If JO-ANN J. PAUL is unable or unwilling to act as Executrix, I appoint GAIL M.
FELDMAN, of Cumberland County, Pennsylvania as successor Executrix of my Will. If GAIL
M. FELDMAN is unable or unwilling to act as Executrix, I appoint BRUCE A. FELDMAN
successor Executor of my Will. I direct that my Executrix or Successor Executors be permitted
to serve without bond and in addition to those powers granted by law, I grant them power to sell
both real and personal property, at private or public sale, to invest cash without being limited to
statutory investments, to distribute in cash or in kind in like or in unlike shares and to file any
qualified disclaimer I could have filed if living.
IN WITNESS WHEREOF, I, WILLIAM A. PAUL, hereby set my hand to this my Last Will
and Testament, on - _C _ _ 2006.
WILLIAM A. PAUL
In our presence, the above-named WILLIAM A. PAUL signed this and declared this to
be his Last Will and now at his request, in his presence, and in the presence of each other, we
sign as witnesses.
Name Address
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I, WILLIAM A. PAUL, Testator, who signed the foregoing instrument, having been
duly qualified according to law, acknowledge that I signed and executed this instrument as my
Will, and that I signed it willingly as my free and voluntary act for the purposes therein
expressed.
Sworn to or affirmed and
acknowledged before me by
WILLIA A PAUL,the Testator,
on 2006.
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rota Public WILLIAM A. PAUL
J
COMMONWEALTH OF pENNSYLVANM
LOWER PAXTON 7WP.LDAUPN H COUNTY
MY COMMISSION EXPIRES OEC.17,2007
We, the undersigned witnesses who signed the foregoing instrument, being duly qualified
according to law, depose and say that we were present and saw the Testator sign and execute this
instrument as his Will; that he signed and executed it willingly as his free and voluntary act for
the purposes therein expressed; that each of us in his sight and hearing signed the Will as
witnesses, and that to the best of our knowledge, that he was at that time eighteen(18)years or
more of age, of sound mind, and under no constraint or undue influence.
Sworn to or affirmed and
subscribed to before me
by_ h (- 1/- 0-<54 r
and P L��tS - t1�Qf;fnF� Tines
witnesses, on �{` 2006. AA'o 1 /Y
Witness
7ttYarry ublic
COMMONWEALTH OE PENNSYLVANIA
NOTARIAL SEAL
JACQUELINE A.KELLK NOT PUBLIC 12
LOWER PAXTON TWP�DAUPHIN COUNTY
W COMMISSION EXPIRES DEC.17,2007
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