HomeMy WebLinkAbout07-31-14 � 15�5610105
REV-150Q°"°2_'I„�' �
OFFlCtAt USE QNLY
PA Department of Revenue P�;15?��!!a County Code Year F�e N�+►�er
Bureau ofindividuatTaxes INHERITANCE TAX RETURN �' ' ,rj/„O�l,
PO BOXz8o6o1 RESIDENT DECEDENT t/(� V
Harnsburg PA i�i28 o6oi
ENTER DECEDENT INFORMATiON BELOW MMDDYYYY
Sociat Security Number Date of Death MMDDYYYY Date of Birth
05/09/2014 06��9h 927
Decedent's Last Name
Suffix DecedenYs First Name M�
Omohundro Richard
(tf Applicabte)Enter Surviving Spouse's Information Below M�
Spouse's Last Name Suffix Spouse's First Name
Spouse's Social Security Number TH�S RETURN MUST BE FiLED IN DUPLICATE WITH THE
REGISTER OF W1LLS
FILL IN APPROPRIATE OVALS BELOW '
� 1.Original Retum O 2.Supplemental Return O 3. Remainder Retum(Date of Death
Prior to 12-13-82}
p 4.Limited Estate O 4a.Future Interest Compromise(date of O 5. Federal Estate Tax Retum Required
death after 12-12-82)
(� 6.Decedent Died Testate � 7.Decedent Maintained a Living Trust � 8. Total Number af Safe Deposit Boxes
(Attach Copy of Will) (Attach Copy of Trust.)
O 9.Litigation Proceeds Received O 10.Spousal Poverty Credit(Date of Death O 11� Alttach Scheduie O}r Sec.9113(A)
Between 12-31-91 and 1-1-95) (
CORRESPONDENT-TH15 SECTtON MUST BE CORAPLETED.ALL CORRESP�NDENCE AND CONPIBEN7IAL TAX 1DNa�Rn�ATtO ephon N�irmbeECTED TO:
Name
Mark R.Omohundro (717)903-1242
,..,
REGfSTER�WILlS USE Ot�CY ...���
C� � `�`.�
��:�i � ,-;t....
��-�, � �-- _�;
��� �' � , _1
First Line of Address r-�----� � '' r'
1101 �indham Ct Apt 602 �'`°''� � ��_�•
���;� -r� : , -:
_ '_4�.
Second Line of Address n`'='= � "'" �:= C``
t7�<�, �--- rrt
: �,_� tV �— �'�}
U FtLED •• `"n �t
City or Post Office State zIP Code �,,.�
Mechanicsburg PA 17055
CorrespondenYs e-mail address:mSgS41'il8rfc y8h00 CORt
Under penalties of peryury,�dedare that 1 have examined this retum,includ+ng ac�mpanying schedutes and statements,and to the best of my knowledge and belief,
it is we,correct and�mplete•Declaration of preparer other than the persona��ePresentative is Dased on aIl informatio�of which prepa D�any knowledge•
SIGNATURE OF PERSON RESPONSIBLE OR FILI G RETURN � 29�G.f
�}-lif a,� 12 P�n�Gv,��T�2us� E,1�C i-CC��- �� � - `
ADDRESS
1101 Lindham Ct Apt 602 Mechanicsburg, PA 17055 DATE
SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE
ADDRESS
PLEASE USE ORIGINAL FORM ONLY
Side 1
� 150561�105 15�56101D5 �
� 1505610205
REV-1500 EX(FI) DecedenYs Social Security Number
148-20-2515
DecedenPs Name: fZICh2fC��f110hUf1f�(O
RECAPITULATION
1. Real Estate(Schedule A). . . . . . . . . .. ... . . . . .... .... . .................. 1.
0.00
2. Stocks and Bonds(Schedule B) . .. . ..... .. .......... . . . . .. ......... . ..
2 0.00
3. Closely Heid Corporation,Partnership or Sole-Proprietorship(Schedule C) . .... 3. 0.00
4. Mortgages and Notes Receivabie(Schedule D)..... . ..................... 4. 0.00
5. Cash,Bank Deposits and Miscellaneous Personal Property(Schedule E)....... 5.
7,458.00
6. Jointly Owned Property(Schedule F) O Separate Biiling Requested .. . . . .. 6. 6,118.65
7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property 676,896.10
(Schedule G) O Separate Billing Requested.. .. . . . . 7.
8. Total Gross Assets(total Lines 1 throu h 7 . . .... .. ..... 8. 690,472.75
9 ). . . . .... ....... .
9. Funeral Expenses and Administrative Costs(Schedule H).. ................. 9. 6,797.50
10. Debts of Decedent,Mortgage Liabilities and Liens(Schedule I). ............. . 10. 1,566.52
11. Total Deductions(total Lines 9 and 10)..... .... . . . . . ...... ............. 11. 8,364.02
12. Plet Value of Estate(Line 8 minus Line 11) 682 108.73
. . ..... . .. . .... . . .. ... .... .... 12. �
13. Charitable and Govemmental Bequests/Sec 9113 Trusts for which 0.00
an election to tax has not been made(Schedule J) ....... .............. ... 13.
14. Net Value Subject to Tax(Line 12 minus Line 13) . ..... .. .... . . . . .. .. .... 14. 682,108.73
TAX CALCULATION-SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousai tax rate,or
transfers under Sec.9116 0.00
(a)(1.2)X.0_ 15.
16. Amount of Line 14 taxable 30,694.89
at lineal rate x.0 45 16.
17. Amount of Line 14 taxable 0.00
at sibling rate X.12 ���
18. Amount of Line 14 taxable 0.00
at collateral rate X.15 �8'
19. TAX DUE .......... ........... . ..... .. ............. .. . ... ....... .. 19.
30,694.89
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT �
$ide 2
� 15�5610205 1505610205 �
REV-1500 EX(FI) Page 3 File Number
Decedent's Complete Address:
DECEDENTS NAME
Richard Omohundro __ _
STREETADDRESS
1101 Lindham Ct Apt 602
CITY STATE ZIP
Mechanicsburg PA 17055
Tax Payments and Credits:
1. Tax Due(Page 2,Line 19) (1) 30,694.89
2. CreditslPayments
A.Prior Payments 0.00
B.Discount 1,534.74
— Total Credits(A+B) (2) 1,534.74
3. Interest �3� 0.00
4. If Line 2 is greater than Line 1+Line 3,enter the difference. This is the OVERPAYMENT. �4� 0.00
Fill in oval 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)
29,160.15
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 properry transferred.......................................................................................... � ❑
b. retain the right to designate who shall use the property transferred or its income ........................................:::: : �
c. retain a reversionary interest ..........................................................................................................................
d. receive the promise for life of either payments,benefits or care?...................................................................... � �
2. If death occurred after Dec.12,1982,did decedent transfer properry 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,annuiry or other non-probate property,which
containsa 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
is 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 retum 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 decedenYs 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 sibiing 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-15o8 EX+(o8-i2)
� pennsylvania SCNEDIJLE E
DEPARTMENTOFREVENUE CASH, BANK DEPOSITS & MISC.
INHERITANGE TAX RETURN PERSONAL PROPERTY
RESIDENT DECEDENT
FILE NUMBER:
ESTATE OF: 21-14-0606
Richard Omohundro
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 VAOF DEATHTE
NUMBER DESCRIPTION
�, Currency in wallet,loose change in desk 41.00
2. 2002 Buick Century automobile 2,500.00
3. Silverware and china 1,500.00
4. 1922 silver dollar 20.00
5. Two$2 bills,$1 used silver certificate bill($5 face value) 7.00
g. Personal property of Richard Omohundro 2,570.00
7, Jewelry of wife Dorothy(deceased)and daughter Katharine in safe box 820.00
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
TOTAL(Also enter on Line 5, Recapitulation) $ 7,458.00
If more space is needed,use additional sheets of paper of the same size.
REV-i5og EX+(o1-io)
� pennsylvania SCNEDULE F
DEPARTMENTOFREVENUE �pINTLY-OWNED PROPERTY
INHERITANCE TAX REfURN
RESIDENT DECEDENT
FILE NUMBER:
ESTATE OF: 2� �4-0606
Richard Omohundro
If an asset became jointly owned within one year of the decedent's date of death,it must be reported on Schedule G.
SURVIVING JOINT TENANT(S)NAME(S) ADDRESS RELATIONSHIP TO DECEDENT
A•Mark R.Omohundro 1101 Lindham Ct Apt 602 Son
Mechanicsburg, PA 17�55
B.
C.
]OINTLY OWNED PROPERTY:
LETiER DATE DESCRIPTION OF PROPERTY %oF DATE OF DEATH
ITEM FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR DATE OF DEATH DECEDENT'S VALUE OF
NUMBER TENANT ]OINT IDENTIFYING NUMBER.ATTACH DEED FORJOINTLY HELD REAL ESTATE. VALUE OF ASSET INTEREST DECEDENT'S INTEREST
1. A• 09/02/91 Wells Fargo Crown Classic Checking Account 12,237.29 50 6,118.65
TOTAL(Also enter on Line 6, Recapitulation) $
6,118.65
If more space is needed,use additional sheets of paper of the same size.
REV-1510 EX+(08-09)
� pennsylvania
SCHEDULE G
DEPARTMENTOFREVENUE INTER-VIVOS TRANSFERS AND
INHERITANCE TAX REfURN MISC. NON-PROBATE PROPERTY
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Richard Omohundro 21-14-0606
This schedule must be completed and filed if the answer to any of questions 1 through 4 on page three of the REV-1500 is yes.
DESCRIPTION OF PROPERIY DATE OF DEATH %OF DECD'S EXCLUSION TAXABLE
ITEM [NCWDE THE NAME Of THE TRANSFEREE,IHE[R RHATfONSHIP TO DECE�ENT AND VALUE OF ASSET INTEREST (IF APPLICABIE) VALUE
NUMBER THE DATE OF TRANSFER. ATTACH A COPY Of THE DEED FOR REAI ESTAiE.
i. Vanguard Star Fund(IRA):11,238.533 shares,$24.45 per share on 51912014 274,782.13 100 0.00 274,782.13
2 Vanguard GNMA Admirai Fund,7,329.862 shares,$10.67 per share 51912014 78,209.63 100 0.00 78,209.63
3 Vanguard PA Tax-Exempt MM Fund:66,252.30 shares,$1.00 per share on 66,252.30 100 0.00 66,252.30
519/2014
4 The Hershey Company Common Stock CUSPID 427866108:1,344 shares, 128,835.84 100 0.00 128,835.84
$95.86 per share mean value on 5l9l2014
5 PPL Corporation Common Stock CUSPID 709051106:800 shares,$33.885 27�pg.pp 100 0.00 27,108.00
per share mean value on 5I9I2014
6 Ex�conMobil Corporation Common Stock CUSPID 30231G102:100 shares, 10,172.00 100 0.00 10,172.00
$101.72 per share mean value on 51912014
� ExxonMobil Corporation$0.69 Per Share Dividend,Ex-Dividend May 9,2014 gg.pp 100 0.00 69.00
8 General Electric Company Common Stock CUSPID 369604103:100 shares, 2,�q,pp 100 0.00 2,644.00
$26.44 per share mean value on 5/9/2014
9 Two US$100(1 EE Savings Bonds issued 10/1986,maturity 10(2016 4,177.60 100 0.00 4,177.60
10. Two US$1000 EE Savings Bonds issued 1011986,maturity 10I2016 4,177.60 100 0.00 4,177.60
» Two US$5000 EE Savings Bonds issued 5t1994,maturity 5l2024 ��,044,pp 100 �-� »>���
12 One US$10000 EE Savings Bond issued 1211991,maturity 6I2021 15,408.00 100 0.00 15,408.00
13 One US$10000 EE Savings Bond issued 611991,maturity 6l2021 15,104.00 100 0.00 �5,�oa.00
14. One US$10000 EE Savings Bond issued 411992,maturity 4I2022 15,104.00 100 0.00 15,104.00
15 One US$10000 EE Savings Bond issued 911992,maturity 9I2Q22 14,808.00 100 0.00 14,808.00
16. ��h gift to son Mark R.Omohundro 12,0�.00 100 3,000.00 9,000.00
Note items 1-15 all titled in the Omohundro Trust,Richard Omohundro TR
TOTAL(Also enter on Line 7, Recapitulation) $ 676,896.10
If more space is needed,use additional sheets of paper of the same size.
REV-1511 EX+ (08-13)
� pennsylvania SCHEDULE H
DEPARTMENTOFREVENUE FUNERAL EXPENSES AND
INHERITANCETAXRETURN ADMINISTRATIVE COSTS
RESIDENT DECEDENT
FILE NUMBER
ESTATE OF
Richard Omohundro 21-14-0606
Decedent's debts must be reported on Schedule I.
NUM ER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
1� Cremation and burial services by Myers-Buhrig in Mechanicsburg PA,less$100 county veterans rebate 6,354.00
g. ADMINISTRATIVE COSTS:
1, Personal Representative Commissions:
Name(s)of Personal Representative(s) —
Street Address --- —
City __ __—_State___ ZIP
Year(s)Commission Paid:_____ —----- -------
300.00
2. Attorney Fees:
3. Family Exemption: (If decedenYs address is not the same as claimanYs,attach explanation.)
Claimant _ _ — — —
Street Address — ---- —
City --- -- — State__ZIP_ —
Relationship of Claimant to Decedent_,_ ___ —
143.50
4. Probate Fees:
5. Accountant Fees:
6. Tax Return Preparer Fees:
7.
TOTAL(Also enter on Line 9, Recapitulation) $ 6,797.50
If more space is needed,use additional sneets of paper or ihe same size.
REV-1512 EX+ (12-12)
� pennsylvania SCHEDULE I
DEPARTMENTOFREVENUE DEBTS OF DECEDENT,
INHERITANCE TAX REfURN MORTGAGE LIABILITIES & LIENS
RESIDENT DECEDENT
FILE NUMBER
ESTATE OF
Richard Omohundro 21-14-06�
Report debts incurred by the decedent prior to death that remained unpaid at the date of death,including unreimbursed medical expenses.
VALUE AT DATE
ITEM DESCRIPTION OF DEATH
NUMBER
1• Pennsylvania American Water,paid 511912014 29.30
2. West Shore EMS Ambulance Service,paid 512112014 75.00
3. East Pennsboro Ambulance Seroice,paid 512312014 102.00
4. West Shore EMS Ambulance Service,paid 5128/2014 87.53
5. Lower Allen EMS Ambulance Service,paid 61312014 75.00
6. Lower Allen EMS Ambulance Service,paid 6I3I2014 75.00
7. PPL E{ectric,paid 6I612014 9�20
8. Pennsylvania American Water,paid 6110I2014 18.04
9. American Home Patient,paid 6I1012014 10.49
10. UGI Utility,paid 611112014 17.06
11. Penn Credit,paid 6119I2014 36.00
12. Capital Cardiovascular Association,paid 612112014 20.00
13. Spirit Physicians Services,paid 71312014 20.44
14. West Shore EMS Paramedic Service,paid 711712014 991.46
TOTAL(Also enter on Line 10, Recapitulation) $ 1,566.52
If more space is needed,insert additional sheets of the same size.
REV-1513 EX+(01-10)
j il pennsylvania SCHEDULE �
� DEPARTMENT OF REVENUE gENEFICIARIES
INHERIfANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF: FILE NUMBER:
Richard Omohundro 21-14-0606
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S)RECEMNG PROPERTY Do Not List Trustee(s) OF ESTATE
I TAXABlE DISTRIBUTIONS[Indude outright spousaf distributions and transfers under
Sec.9116(a)(1.2).]
1. Katharine E.Oakley Daughter 33.33%
400 Walnut St Apt 1 Lansdale,PA 19446
2. Todd S.Omohundro Son 33.33%
1026 Pross Road Lansdale,PA 19446
3. Mark R.Omohundro(trustee and beneficiary) Son 33.34%
1101 Lindham Ct Apt 602 Mechanicsburg,PA 17055
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET,AS APPROPRIATE.
II NON TAXABLE DISTRIBUTIONS
A. SPOUSAI 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.
Please note any confidential documents were sent to the PA Department of Revenue.
They are not part of the public record.
OMOHUNDRO TRUST
(Single Individual's Living Trust)
CREATION 4F THE TRUST
This revoca.ble Living Trust is formed to hold title to real a.nd person.al property for the
benefit of the creator of this Trust and to provide for the orderiy use and/or transfer of such
assets upon the demise of the creator of this Trust.
Name of Trust
This Trust shall be known as:
"The Omohnndro Trust,dated �C���� 7 , 299�,Richard Omohundro,Trustor
and Trustee:'
Parties to the Trust
This Trust is entered into by and between Richard Omohundro of the County of
Dauphi.n, State of Pennsylvania, hereinafter called "Settlor"or'Trustor", a.nd Richard
(Jmohundro, of the County of Dauphin, State of Pennsylvania,hereinafter calied'"Trustee",
and'Beneficiar�'while living.
Taac Treatment of Revocable"Grantor Trust"
Pursuant to "Settlor Powers"of this Trust, the Settlor has the right to amend this Trust
in whole or in part and, therefore,whiie the Settlor is aIive,for income tax purposes, the Trust
shall be treated as a revocable "Grantor Trust"pursuant to Intemal Revenue Code Section
b7b. All items of income and expense related to the assets of the Trust or its operation shall
be reported by the Settlor, as if awned by him or her, on his or her convenrional 104fl tax
return.
Omohundro Trust,Page 1
Q Copyrigfit'The Estatc PFan 1989
At)R;ohtc Rr_v_rvPA
_
" Use of IR�Emnlover Tax Identification Number
• As long as the Settlar is livine, this Trust is revocable. For income tax purposes the
Settlor must not use the IRS Employer Tax Identification Number assigned to the Trust.
Instead,the Settlor shall use his Social Security Number.
Upon the death of the Settlor,the Trust becomes irrevocable by its terms, and assets
retained in Trust shoutd be identified by using the IRS Employer ldentification Number
sent to PA Dept of Revenue . (Enter IRS Employer Tax Identificatian Number when received.}
When the Trust becomes irrevocable, a Form 1041 tax return, or appropria.te
alternative form as specified by IRS regulations, must be filed annually for income and
eupenses relating to assets retained in this inevocable Trust.
Omohundro Trust,Page 2
°�PYnY�t The Estau Plan 2989
TRUST PROPERTY
The Trust is intended by the Trustor to be the recipient of all his/her assets, as well as
the named Beneficiary of all interests of which the Trustor is, or may become, a Beneficiary.
Pro�erty Transferred to the Trust
The Settlor has pa.id over, assigned, granted, conveyed, transferred and delivered, and
by this Agreement does hereby pay over, assign, grant, convey, transfer and deliver unto the
Trustee the property and may cause the Trustee to be designated as Beneficiary of life
insurance policies for and in behalf of the Trust and its Bene�ciazies. These insurance
policies, and any other insurance policies that may be delivered to the Trustee hereunder or
under which the Trustee may be designated as Beneficiary, the proceeds of all such policies
being payable to the Trustee, and any other praperty that may be received or which has been
received by the Trustee hereunder, as invested and reinvested (hereinafter refened to as the
'Trust Estate'�, shall be held, administered and distributed by the Trustee as hereinafter set
forth.
Omohundro Trust,Page 3
�Copyright The Estate Plan 1989
SUCCESSOR TRUSTEE
Upon the death, resignation or incompetency of a Trustee, the Successor Trustee
immediately steps in and has the same power as the original Trustee.
Successor Trustee
In the event of the death of Richard Omohundro, or if for any reason he ceases to serve
as Trustee hereunder, the Trustor nominates and appoints Mark Richard Omohundro to serve
as Successor Trustee(s) hereunder and without the approval of any court.
In the event of the death of the named Successar Trustee(s), or if for any rea.son the
named Successor Trustee(s) cease(s} to serve as Trustee(s) hereunder, the Trustor nominates
and appoints Paui Roy to serve as Successor Trustee(s)hereunder without the approval of any
court.
When more than one person is named with others to act as Successor Co-Trustees and
one of the na.med persons is unable or unwilling for a.ny reason to serve or to continue to serve,
and no additional persons are named herein to take the place of such Trustee who is unable or
unwilling for an.y reason to serve or to continue to serve, the Settlor directs that the remaining
named Successor Co-Trustee(s) shall continue to serve as Co-Trustees (or if only ane remains,
Trustee) hereof without the approval of any court.
Successor Trustees Must Act Ta e� ther
When there is more than one Successor Trustee acting simultaneousty with other
designated Trustees, the Co-Trustees so serving must act in concert. This provision does not
apply to the Settlor.
No Bond Rec�uirement
No Trustee shall be required to post bond or any other security for the faithful
performance of any duty or obligation of such office.
Omohundro Trust, Page 4
m Copyright The Estate Plan 1989
"- Resolution of Conflict
Any controversy between the Trustee or Trustees and any other Trustee or Trustees, or
between any other parties to this Trust, including Beneficiaries,involving the construction or
application of any of the terms, provisions, or conditions of this Trust shall, on the written
request of either or any disagreeing party served on the other or others,be submitted to
arbitration. The parties ta such arbitration shall each appoint ane person to hear and
determine the dispute and, if they are unable to agree, then the persons so chosen shall select
another impartial arbitrator whose decision sha11 be final and eonclusive upon all parties. The
cost of arbitration sha11 be borne by the losing party or parties,in such proportion as the
arbitrator(s) shall decide. Such arbitration shall comply with the commercial Arbitration
Rules of the American Arbitration Association, 140 West Slst Street, New York, New York,
10200.
Li i ation
The Settlor desires that this Trust, the Trust Estate and the Trust Administrators and
Beneficiaries shall not be involved in time-consuming and costly litigation concerning the
function of this Trust and disbursement of the assets_ Furthermore,the 5ettlor has taken great
care to designate,through the provisions of this Trust, how he wants the Trust Estate
distributed. Therefore, if a Beneficiary, or a representative of a Beneficiary, or one claiming a
beneficial interest in the Trust Estate, should legally challenge this Trust,its provisians, or
asset distributions, then all asset distributions to said challenging Bene�iciary shall be retained
in Trust and distributed to the remaining Beneficiaries herein named, as if said challenging
Beneficiary and his or her issue had predeceased the distribution of the Trust Estate.
The defense of such litigation, including costs incurred by representatives of the
Settlor's estate, the Trustees of this Trust, and their agents, attomeys, accountants and
representatives shall be paid for by the Trust.
Omohundro Trust,Page 5
�Copyright The Estate Plan 1989
A 1/A:..La..A...,.__....f
Discha�e or Resignation of Trustee
The Trustee of any Trust hereunder, including any Successor Trustee, may resign by
delivery to a11 the income Bene�ciaries of such Trust thirty (30) days' prior written notice of
resignation. If no Successor Trustee is named by the Trust, such income Beneficiaries who are
adults shall have the right to appoint a Trustee in its place; provided that if no sueh income
Beneficiaries are adults, then such appointment shall be made by the parent or legal guardian
of such income Beneficiaries; provided, further, that in the event of a dispute a.mong such
income Beneficiaries, their parents or guardians, the majority shall prevail.
A discharged or resigned Trustee shall serve as Trustee until a successor shall accept
of�ce, and shall execute all instruments and do all acts necessary to vest title of the Trust
Estate in the Successor Trustee without Court accounting. However, any discharged Trustee
shall have authority to apply to a court of competent jurisdiction to ensure that a Successor
Trustee is appointed.
Trustee Com�ensation
The Trustee shall be entitled to reasonable compensation for his or her services,which
compensation shall be commensurate with comparable charges for simiiar services made from
time to time by corporate Trustees in the geographic area in which the Trust has its principal
situs for administration. The Trustee shall also be entitled to reimbursement for expenses
necessarily incurred in the administration of the Trust Estate.
Comvetency Clause
The Settlor hereby provides that two (2) designated licensed physicians shall be
authorized and empowered to determine the competency of the Settlor or any Trustee of this
Agreement. One of the physicians to detemune competency shall be the attending physician
of the Settlor or Trustee whose competency is to be determined. The second physician shall be
appointed by said attending physician.
Omohundro Trust, Page 6
m Copyright The Estate Pian 2989
The appainted physicians shall confirm in writing the incompetency or competency of
the appointing Settlor or Trustee, and their joint decision thereon shall be binding upon the
Settlor,Trustees and Beneficiaries of this Trust.
If the Settlor or a Trustee has no attending physician at the time when a determination
of their competency is desired, the Settlor and Trustees hereby direct that the Attomey-in-
Fact, appointed under the Durable Power of Attorney or similar instrument, of the Settlor or
Trustee whose competency to serve as Trustee is to be determi.ned, to name and engage an
attending physician on their behalf. Such physician shall then appoint the second physician
and they shall determine competency in accordance with these provisions.
Confirmation of removal or reappointment of the Settlor or any Trustee removed for
incompetency by reason of the determination of the appointed physicians or whose recovery
and competency to serve as Trustee hereunder has been re-certified by the appointed
physicians,may be confirmed by application to a court of competent jurisdiction of the then
situs of the Trust.
Omohundro Trust,Page 7
o Copyright The Fstate Plan 1989
SETTLOR POWERS
Settlor Retains Absolute Right as Trustee
The Settlor shall be the Trustee,unless and until the Trustee resigns in writing or is
determined incompetent as per the terms herein provided. The Settlor continues to retain all
absolute right ta discharge or replace any Successor Trustee, as long as the Settlor is
competent.
Descri�tion of Powers
The Settlor may, during his lifetime, by signed instnunents delivered to the Trustee:
Withdraw the trust estate from this Trust in any amount and at a.ny time upon giving
reasonable notice in writing to the Trustee; add property to the Trust Estate; change the
beneficiaries, their respective shares and the pian of distribution; amend this Trust in any other
respect; or,revoke this Trust in i�s entirety or any provision herein;provided, however, the
duties or responsibilities of the Trustee shall not be enlarged withaut the Trustee's consent nor
without satisfactory adjustment of the Trustee's compensation.
The Settlor is authorized and empowered with respect ta any property, real or personal,
to: assign,borrow,buy, care for, collect, compromise claims, contract with respect to, continue
any business of tbe Settlor, convey, convert, deal with, dispose of, enter into, exchange,hold,
improve, incorporate any business of the Settlor, invest,lease, manage, mortgage, encumber,
hypothecate, grant and exercise options with respect to,take possession of,pledge,receive,
release,repair,sell, sue for, make distributions in cash or in kind or partly in each without
regard to the income tax basis of such asset, a11 for and in behalf of the Trust or for the
Settlor's own account or to secure the Settlor's debts or obligations.
Omohundro Trust,Page 8
m Copyright The Fstate Pian 1989
TRUSTEE POWERS
The Trustee shall hold, administer and disiribute the Trust Estate as fallows:
Discretionarv Powers of Trustee
In exercising discretion hereunder, the Trustee is to consider the needs of the children,
paramount to the conservation of the Trust Estate for the benefit of those who will be entitled
to the Trust Estate at its termination. The Trustee shall, in exercising the discretion given
herein far the benefit of the children or their issue, do so in such a manner as will encourage
thrift,industry, and self-reliance to the maximum extent practicable by the respective
Beneficiaries, and discourage extravagance or indolence on the part of any such Beneficiary.
Incom�et. e�cv
in the event that the Settlor is adjudicated to be incompetent or in the event that a
Settlor is not adjudicated incompetent, but by reason of illness or mental or physical disability
is, in the opinion of the Trustee,unable to properly handle his own affairs, then and in that
event, the Trustee may pay to or apply for the benefit o�the Settlor such sums from the net
income and from the principal of the estate as in its sole discretion shall be necessary or
advisable from ti.me to time for the medical care, comfortable maintenance and welfare of
such Settlor, tal�ng into consideration the extent the Trustee deems advisable any other
income or resources of the Settlor known to the Trustee.
�ecific Trustee Powers
By way of illustration and not of limitarion and in addition to any inherent,implied or
statutory powers granted to Trustees generally, the Trustee is specifically authorized and
empowered with respect to any property, real ar personal, at any time held under any provision
of this Trust: to allot, allocate between principal and income, assign,borrow,buy, care for,
collect, compromise claims, contract with respect to, continue any business of the Settlor,
convey, convert, deal with, dispose of, enter into, exchange, hold,improve,incorporate any
Omohundro Trust, Page 9
°Copyright The Estate Plan 1959
Ail Ri¢hts Reserved.
business of the Settlor,invest, lease, manage, mortgage, hypothecate (by Deed of Trust or
other appropriate instrument), encumber, grant and exercise options with respect to,take
possession o�pledge,receive, release, repair, sell, sue for, make distriburions in cash or in kind
or partly in each without regard to the income tax basis of such asset and in general, exercise
all of the powers in the management of the Trust Estate which any individual could exercise in
the management o�similar property or�Tned in its own right, upon such terms and conditions as
to the Trustee may seem best, and execute and deliver any and all instruments and do all acts
which the Trustee ma.y deem proper or necessary to cany out the purposes of this Trust,
without being limited in any way by the specific grants af power made, and without the
necessity of a court order.
The Trustee is authorized to pledge the assets of the Trust to secure the indebtedness
af the Settior.
Securities Authorization
The Trustee is empowered to buy, sell, trade and deal in stocks,bonds, mutual funds
and securities of all nature (including"short"sales) and commodiries of every nature, and
contracts for future delivery of commodities of every nature on margin or otherwise;whether
those contracts be in the nature of"puts" or"calls"as such terms are narmally understood in
the securities industry; and for such purpose to maintain and operate margin and commodities
accounts with brakers; and in connection therewith, to bonow money and to pledge an.y and all
stocks,bonds, securities, mutual fund�, commodities and contracts for the future delivery
thereo�held or purchased by the Trustee,with such brokers for loans and advances made to
the Trustee.
The Trustee is empowered to participate in voting trusts,pooling agreements,
foreclosures, reorganizations, consolidations, mergers and liquidarions, and in connection
therewith to deposit securities«ith and transfer title to any protective or other committee
under such terms as the Trustee may deem advisable.
Omahundro Trust, Page 10
a fopyright The Estate Plan 1989
The Trustee is empowered to engage in listed option transacrions (includi.ng initiating
and closing transactions) of the following nature: Covered Writing,Uncovered Writi.ng,
Buying, Spreading a.nd Uncovered Call Writing.
The Trustee is e�ressly authorized in the Trustee's sole discretion to exercise any
option to purchase stock under any stock option purchase plan in which any decedent
Beneficiary is a participant.
The Trustee is authorized to employ attorneys, accountants, investment advisars,
investment managers, specialists and such other agents as the Trustee shall deem necessary or
desirable. The Trustee shall have the authority to appoint an investment manager or
managers to manage all or any part of the assets of the Trust, and to delegate to said manager
investment discretion. Such appointment shall include the power to acquire and dispose of
such assets. The Trustee may charge ta compensation of such attorneys, accounta.nts,
investment advisors, investment managers, specialists and other agents and any other e�enses
against the trust.
If the Trustee elects to appoint an investment manager, the Trustee shall enter into an
agreement with each investment manager specifying the duties and compensation of such
investments manager and other terms and conditions under which such investments manager
shall be retained. The Trustee shall not be liable for any act or omission of any in.vestment
manager, and shall not be liable for following the advice of any investment manager,with
respect to any duties delegated to the investment manager.
The Trustee shall have the power to determine the portion of the Trust assets to be
in.vested pursuant to the direction of a designated investment manager and to set investment
objecrives and guidelines for the investment manager.
The investment manager shali have the same power to invest and reinvest the assets of
the Trust under its management that it«Jould have if it were itself the Trustee of the Trust
_ (subject to the guidelines established by the Trustee).
Omohun.dro Trust, Page Il
m Copyright The Esqte Ptan 1989
nn n:.a....n.._..._...�
- Sub-Chanter S Authorization
The Trustee is authorized to hold S Corporarion shares in accordance with Intemal
Revenue Code Section 1361(c)(2){A), ar in accordance with any subsequent Code provisions
or modifications of said Section.
Precious Metals and Limited Partnershins
The Trustee is empowered to purchase and sell, directly or indirectly,precious metals,
limited partnerships of any type, investment quality gems, rare coins and stamps, and objects of
art.
Trust Investments
The Trustee shall invest the Trust Estate so that it will produce for the Set�Ior, during
his lifetime, an income or use which is consistent with the value of the Trust Estate and with its
preservation.
Payment to Minor and�or Handica�ped Individual
In case the income or principal payment under any Trust created hereunder or any
share thereof shall become payable to a person under the age of twenty-one (21), or to a
person under legal disability, or to a person not adjudicated incompetent,but who,by reason
of illness or mental or physical disability, is, in the opinion of the Trustee unable properly to
administer such amounts, then such amounts shall be paid out by the Trustee in such of the
following ways as the Trustee deems best: directly to such Beneficiary; to the legally appointed
Guardian of such Beneficiary; to some relative or friend for the care, support and education of
such Beneficiary; or by the Trustee using such amounts directly for such Beneficiary's care,
support and education.
Reimbursement of Guardian's Exnenses
The Trustor does not desire that the Guardian of any minor Beneficiary should incur
personal expense for the support of such Beneficiary. The Trustee is authorized to distribute
Omohundro Trust,Page 12
°CoPyright The Estate Plan 1989
All Rig6ts Iteserved.
funds from such Beneficiary's Trust share for the purpose of reimbursing such Guardian for
reasonable expenses incurred in accommodating such Beneficiary.
OcTcy of Residence
The Trustee shall permit the Settlor Beneficiary to occupy, rent free, any residence
constituting a part of the assets of a Trust for such Beneficiary and to pay the real estate taxes
thereon, expenses of maintaining said residence in suitable repair and condition, and hazard
insurance premiums on said residence.
Discretional Dissolution of Trust
If at any time any Trust created hereunder has a fair market value as determined by the
Trustee of fifteen thousand ($15,000) dollars or less, the Trustee,in its absolute cliscretion if it
determines that it is uneconomical to continue such Trust,may terminate such Trust and
distribute the Trust property ta the person or persons then entitled to receive or have the
benefit of the income therefrom, or to the legal representative of such person. If there is more
than one income Beneficiary, the Trustee shall make such distribution to such income
Beneficiaries in the proportion in which they are Beneficiaries or if no proportion is designated
in equal shares to such Beneficiaries.
Valuation of Assets
In making the distributions of any Trust ar share created under this Agreement, the
judgment of the Trustee concerning the valuation of assets distributed shall be binding and
conclusive upon all Beneficiaries. The Trustee may distribute the shares of the various Trusts
to Beneficiaries by making distribution in cash, or in kind, or partly in cash and partly in ldnd,
or in undivided interests, in such manner as the Trustee in his or her sole and absolute
discretion deems advisable. The Trustee may sell such property as it deems necessary to make
such division or distribution. After any division of the Trust Estate, the Trustee may make
joint investments with funds from some or all of the several shares of the Trust.
Omohundro Trust,Page 13
m Copyright The Estate Plan 1989
nn n:..�...o...........a
� Ap�lication to Court
If there ever is any need to obtain court appraval of any accounting or interpretation of
this Agreement, the Trustor directs the Trustee to make such application to any court of
cvmpetent jurisdiction, it being the intent of the Trustor that the court shall not assume
continuing jurisdictian.
Insurance
The following prouisions appiy to insurance held by the Trtist or of which the Trust is
the Bene�iciary.
Polic.�Owner's Rights - Nothing in this Article sha11 be construed as limiting the right of the
Settlor to dispose of by Will his interest in any life insurance policy on the Settlor's life that is
payable to the Trustee hereunder or as limiting any such right a Settlor may possess in any
such insurance policy by virtue of its property character.
Trustee�-Ield Harmless -The owner of any life insurance policies payable to the Trustee shall
have all rights under any such policies, including the right to change the Beneficiary, to receive
any dividends or other earnings of such policies without accountability therefore ta the Trustee
or any Beneficiary hereunder, and may assign any policies to any lender, including the Trustee,
as security for any loan to either Settlor or any other person; and the Trustee shall have no
responsibility with respect to any policies, for the payment of premiums or otherwise, except to
hold any policies received by the Trustee in safekeeping and to deliver them upon owner's
written request and upon the payment to the Trustee of reasonable compensation for services.
The rights of any assignee of any policy shall be superior to the rights of the Trustee.
(�ancelling a Policy-If any policy is surrendered or if the Beneficiary is changed, this Trust
shall be revoked with respect to such policy. However, no revocation of the Trust with respect
to any policy,whether pursuant to the provisions of the preceding sentence or otherwise, shall
Omohundro Trust,Page 14
��PYn�t The Fsrdte Plan 1984
be effective uniess the sunender or change in Beneficiary of the policy is accepted by the
insurance company.
Polic�Options-Upon the death of the insured under any policy held by or knawn to, and
payable to, the Trustee, or upon the occurrence of some event prior to the death of the insured
that matures any such policy, the Trustee, in its discretion, either may collect the net proceeds
and hold them as part of the principal of the Trust Estate, or may exercise any optional
method of settlement available to it, and the Trustee shall deliver any policies an the Settlor's
life held by it and payable to any other Beneficiaries as those Beneficiaries may direct.
Insurance Payment Discharge - Payment to, and the receipt o�the praceeds,by the Trustee
shall be a full discharge of the liability of any insurance company,which need not take natice
of thi.s Agreement or see to the application of any payment.
Suing an Insurance Company-The Trustee need not engage in litigation to enforce payment
of any policy without indemnification from the Trust satisfactory to it for any resulting
e�cpenses. .
Omohundro Trust, Page 15
m Cogyright'The Estate Plan 1989
All Riohtc Re�eerved.
PAYMENT OF DEATH COSTS
The Trustee shall see to the payment of the Settlor's death cost as deemed being the
most appropriate by the Trustee.
Discretionary Powers of Trustee
After a Settlor's death, the Trustee, if in his discretion he deems it advisable, may pay
all or any part of such deceased Settlor`s funeral and Iast iilness expenses, legally enforceable
claims again.st the Settlor or his estate, reasonable e�cpenses of administration of lus estaxe, any
allowances by court order to those dependent upon such Settlor, an.y estate,inheritance,
succession, death or similar ta�es payable by reason of such Settlor's death, together with any
interest thereon or other additions thereto, without reimbursement from such Settlor's
Executor or Administrator, from any Beneficiary of insurance upon such Settlor's life, or from
_ any other person. All such payments, except for interest, shall be charged generally against the
principal of the Trust Estate includable in such Settlor's estate for Federal estate tax purposes
and any interest so paid shali be charged generally against the income thereof.
Written Statement as Evidence
Written statement by the Executor or Administrator of such sums due and payable by
the estate shall be sufficient evidence of their amount and propriety for the protection of the
Trustee, and the Trustee shall be under no duty to see to the application of any such payments.
Flower Bonds
The Trustee shall pay over to the Executor of a deceased Settlor's estate all obligations
af the United States Government held hereunder which may be redeemed at par in payment
of federal estate t�es.
Omahundro Trust,Paae 16
m Copyright The Estate Pian 1989
ALLOCATION Al\TD DISTRIBUTION OF TRUST ASSETS
The Trustee shall allocate, hold, administer and distribute the Trust assets as
hereinafter delineated.
Upon the Death of the Se#tlor
Upon the death of the Settlor, the Trustee shall hold, administer and distribute the
Trust in the following manner.
Personal Pro�erty Distributi�n
The Settlor requests the Trustee to abide by any memorandum by the Settlor directing
the disposition of personal and household effects of every l�nd including but not limited to
furniture, appliances, furnishings, pictures, china, silverware, glass, books,jewelry,wearing
apparel, and all policies of fire, burglary, property damage, and other insurance on or in
� connection with the use af this property. Othenvise,the personal and household effects of the
Settlor shall be distributed vvith the remaining assets of the Trust Esta.te.
Retention of Trust Assets
This provision not used.
Sup�ort and Education
At any time prior to the division of the Trust into shares as herein provided, or prior to
distribution if divided, the Trustee may, at his f her sole and absolute discretion,provide such
suins as shall be necessary or advisable, for the care and maintenance, meclical needs, and
education of a.ny primary beneficiary. This provision shall also apply to the issue of a deceased
primary beneficiary.
Extraordinary Distribution
_, This provision intentianally deleted.
Omohundro Trust, Page 17
m Copyright The Fstate Plan 1989
e n A;rthr�A.ra...,..t
"-� Gifts or Loans
The Trustees shall reduce a beneficiary's share by any gifts or loans as shown in
Schedule A.
Handica��ed Beneficiaries
As used in this section, the term"Handicapped Beneficiar�'and any variations thereof
and references thereto, shall mean any issue of the Settlor who has been determ.i.n:ed by a court
of competent jurisdiction to be incompetent or unable to adequately manage his or her affairs.
Additionally, the Trustee may make a determination, in accordance with the procedures for
the determining the competency of a Trustee, of the incompetency of any beneficiary. The
interests of all such beneficiaries shall be governed by these provisions for Handicapped
Beneficiaries.
Handicapped Beneficiaries sha11 not have any discretionary rights of a beneficiary with
respect to this Trust, or«ith respect to his or her share or partion thereof. The Trustees shall
hold and maintain such incompetent beneficiary's share of the Trust Estate in trust and shall,
in the Trustees' sole discretion, distribute for and provide for such beneficiary as provided for
in this trust for benefits to minors, and under the section"Sunport and Education".
Notwithstanding the foregoina, any beneficiary who is diagnosed for the purposes of
governmental benefits (as hereinafter delineated) as being not competent or as being disabled,
and who shall be entitled to governmental support and benefits by reasan of such
incompetency or disability, shall cease to be a beneficiary of this Trust. Likewise,they shall
cease to be a beneficiary if any share or portion of the principal or income of the Trust shall
become subject to the claims of any governmental agency for costs or benefits, fees or charges.
The portion of the Trust Estate ufhich, absent the provisions of this section
'�iandica�ed Beneficiaries", «�ould have been the share of such incompetent or handica.pped
person shall be retained in Trust for as long as that individual lives. The Trustee, at the sole
discretion of the Trustee, may utilize such funds for the individual as specified under the
section"Su�port and Education". All income from such share, not otherwise utilized for the
Omohundro Trust, Page 1S
�Copyrig6t The Estate Plan 1989
purposes of this Trust share, shall be added to the principai thereof annually. While the
Trustees hold Trust praperty available for the benefit of any handicapped beneficiary,it is the
intent of the Trustors, and they direct that the Trustee(s},in their soie an.d absolute discretion,
provide life enrichment benefits for that handicapped beneficiary which will not cause the loss
of any Governmental benefit to which that beneficiary would otherwise be entitled. Such
benefits may include: training to develop skills and abilities, special needs, tra.nsportation,
educational support, tutoring, adaptive vocational skills training,home and residential
adaptation assistance, and any other programs to provide 'Zife enrichment"as may be
permitted by law. Upon the death of this individual the residual of this share shall be
distributed as otherwisa specified in the Trust.
If such individual recovers fram incompetency or disability, and is no longer eligible for
aid from any governmental agency, including costs or bene�its, fees ar charges, such individuai
_ shall be reinstated as a beneficiary after 6Q days from such recovery, and the allocation and
distribution provisions as stated herein shall apply to that portion of the Trust Estate which is
held by the Trustee subject to the foreaoing provisions of this sectian.
Upon the death of�a Handicappeci Beneficiary who otherwise would have been a
beneficiary of this Trust, an_y allocation of the Trust estate held in Trust which would otherwise
have inured to the benefit of said Handicapped Beneficiary shall be distributed to his or her
issue,if any,per the provisions `Per Stirpes" herein. If such Handicapped Beneficiary shall
leave no issue, then such allocation of the Trust estate shall be distributed to the Primary
Beneficiaries hereof, as their interests appear.
Each share shall be distributed or retained in Trust as hereinafter provided.
Prim Beneficiaries
Uniess otherwise herein provided, upon or after the death of the Settlor,the pri.mary
beneficiaries of this Trust are R�ark Richard Omohundro, Katharine Elizabeth Omohundro,
and Tadd Stuart Omohundro.
Omohundro Trust, Page 19
m Copyright The Estate Pian 1989
All Riehts Reserved.
" _ Allocation of Trust Assets
Upon the death of the Settlar, and after the debts and other obligations and provisions
of the Trust Estate have been satisfied, the trustee shall allocate the assets of the trust as
hereinafter specified.
The Trustee shall allocate the balance of the Trust Estate as then constituted into equal
separate shares so as to provide one (1) share for each then living child named as a Primaiy
Beneficiary of the Settlor. If a child named as a Primary Beneficiary is not living, then such
designated share shail be reallocateci proportionately among the remaining child or children
named as a Primary Beneficiary.
Each share shall be distributed or retained in trust as hereinafter provided.
Distribution of Trust Assets
Upon the death vf the Settlor, the Trustee shall retain in trust, or distribute, the residual
_, of his estate as hereinafter specified.
The Trustee shall distribute that part of the estate allocated to Mark Richard
Omohundro, outright as soon as is practicable.
Upon the Settlor's death, the Trustee shall use the respective shares of Katherine
Elizabeth Omohundro and Todd Stuart Omohundro to purchase individuai immediate lifetime
annuities for said Beneficiaries, wherel�y they will receive monthly income payments. The
annuities shall be purchased from one or more major and very stable insurance companies
rated A+ by A.M. Best, AAA by Standard & Poor's ar�d Aaa by Moody's.
Upan the death of a Primary Beneficiary, his/her share shall be distributed equally
among the remaining Primar��Beneficiaries.
Per Stir�es
This provision intentionally cieleted.
Intestate Succession
This provision intentionally deleted.
Omohundro Trust, Page 20
m Copyright The Pstate Plan 1989
- hari
This pravision intentionally deleted.
Omohundro Trust, Page 21
�Copyright The Estate Plan 1989
GEI�TERAL PROVISIONS
Intenrion to Avoid Probate
It is the intention of the Trustor to avoid probate through the use of this Trust
Agreement. If,however, the Trustee(s) of this Trust and the Executor(s) of the estate of the
Trustor shall mutually determine that it shall be in the best interests of the Beneficia.ries of the
Trust, and the Beneficial interests of the Beneficiaries shall not thereby be altered, the
Trustee(s) may subject any asset to probate to accomplish a result unavailable without probate
(e.g. to bar future creditor claims).
Annual Accountin�
Any non-Trustor Successor Trustee shall render an annual accounting to the
Beneficiary or Beneficiaries of the Trust not more than one hundred twenty(120} days
� following the close of the fiscal year of the Trust.
Partial Invaliditv
If any provision of this Agreement is void, invalid or unenforceable, the remaining
provisions sha11 nevertheless be valid and carried into effect.
Headin�s
The headings of this Agreement are for convenience only and are not apart of the telct.
Counte .r��arts
This Agreement may be e�ecuted in any number of counterparts and each shall
constitute an originai of one and the same instrument.
S�endthrift Provisions
Except as othenvise provide� he.rein, all payments of principal and income payabie, or
to become payable, to the Beneficiary of any Trust created hereunder shall not be subject to
Qmohundro Trust, Page 22
°Copyright The Fstatc Plan 1989
anticipation, assignment, pledge, sale or transfer in any ma.nner, nor shall any said Beneficiary
have the gower to anticipate or encumber such interest, nor shall such interest,while in the
possession of the Trustee, be liable for, or subject to, the debts, contracts, abligations,
liabilities or torts of any Beneficiary.
Simultaneous Death
If the Settlor and any Beneficiary should die under circumstances which would render it
doubtful as to which died first, it shall be conclusi�Tely presumed for the purposes of this Trust
that said Beneficiary predeceased the Settlor.
Last Illness and Funeral Expense
On the death of any person entitled to income or support from any Trust hereunder, the
Trustee shall be authorized to pay the funeral expenses and the expenses of the last illness of
such person from the corpus of the Trust from which such person was entitled to income or
support.
Omohun.dro Trust, Page 23
m Copyright The Estate Ptan 1989
GLOSSARY OF TERMS
The Glossary of Terms covers th�•ee basic categories: Trustee, Child or Children, and
the Internal Revenue Code Terminology.
Trustee
Whenever the word "Trustee"or any modifying ar substituted pronoun therefore is used
in this Trust, such words and respective gronouns shall be held and taken to include both the
singular and the plural, the masculine, feminine and neuter gender thereof, and sha11 apply
equally to the Trustee named herein an� to any succ�ssor or substitute Trustee acting
hereunder, and such successor or substitute Trustee shall possess all the rights,powers and
duties, authority and responsibility conferred upon the Trustee originally named herein.
Cluld or Children
Far the purposes of this Trust, "children"means the lawful blood descendants in the
first degree of the Settlor; and "issue" �nci °descendants"mean the lawful blood descendants in
any degree of the ancestor designated; pro�Tided, however, that if a person has been adopted,
that person shall be considered a child of such adopting parent and such adopted child and the
Settlor's issue shall be considered as issue of the adopting parent and of anyone who is by
blood or adoption an ancestor of the adapting parent. The terms "child", "cluldren", "issue",
"descendant"and "descendants" or those terms preceded by the terms 'living"ar"then living"
shall include the la��l blood descendart in the first degree of the Settlor even though such
descendant is born after the death of a Settl�r.
Internal Revenue Code Terminolomr
As used herein, any«rord or���ords ti�jhich from the context in whicb it or they are used
refer to the Internal Revenue Code sha11 be assigned the same meaning as such words have for
-- the purposes of applying the Internal Revenue Code to a deceased Settlor's estate. Reference
Omohundro Trust, Page 24
o Copyright The Fstate Pian 1489
to sections of the Internal Revenue Code and to the Internal Revenue Code shall refer to the
Intemai Revenue Code amended to the date of such Settlor's death.
Omohundro Trust, Page 25
�Copyright The Fstatc Plan 1989
CREATION�ND DISSOLUTION OF TRUST
Situs of Trust
The situs of the Trust Estate mati� be transferred from Pennsylvania to such other
jurisdictionwithin the United States as the majority of the income Beneficiaries may designate
only with the approval of the Trustee. ��Jhile the situs of the Trust is in Pennsylvania,
Pennsylvania law will govern the Trust provisions.
Termination of Trust
Notwithstandinb anything herein to the contrary, the Trusts created hereunder shall
terminate not later than twenty-one (21) years after the death of the last survivor of the Settlor
and any other Beneficiary or Beneficiaries named or defined in this Trust living on the date of
the Predeceased Settlor`s death, �hen the Trustee shall distribute each remaining Trust
hereunder to the Bene�iciary or Beneficiaries of the current income thereof; and if there is
more than one Beneficiary, in the proportion in which they are Beneficiaries; or if no
proportion is designated, i�n equal shares to such Benefieiaries.
Agreement Between Parties
This is to witness that I, Richard Omohundro,have read the provisions of this Trust and
understand the provisions therein, and it is my intent to enter into this Trust.
IN WITNESS WHEREOF, the provisions of this Declasarion of Trust shall bind
Richard Omohundro as Trustor, and Ricl�ard Omohundro as Trustee; Successor Trustees
assuming the role of Trustee hereunder, and the Beneficiaries of this Trust as well as their
successors and assigns.
Omohundro Trust, Page Z6
m Capyright The Fstatc Plan 1984
Dated at H�2 R���"��, Pennsylvania, Q�-,-, 7 , 1991
TRUSTOR: TRUSTEE:
`�� �itn�. u-- %1�-� ,
il�Tc a.r mo un ro tc ar mo un ro
`.,_ �. y��: �` ::-� . __..�. !�ddress , . . '_ � � �. .��I�' � 1��.
itness -�� � , ,��
.. ��%.�,� �:_• �%��r ; . --
� .fu,..r _ � �''�c�,����.�. �ldtlress �,i�' 3 ,`/-,��,�c..F�.% X.`�!�_
1tIl�SS 1 -�
;� r�"``�.�,, j �' ` �-�,� r
1� � �-�/".��-� .�,�����.Pr �; �il,S'S
_ l
t /
STATE OF PENNSYL��ANIA
ss. n .
COUNTY OF ��.v� u�?��,'
On ��� `�, , 1991, before me, the undersigned, a Notary Public in a.nd for said
Sta.te,persona y appeare icharci Omahunclro personally known to me or prove d to me on
the basis of satisfactory evidence to be the person whose name is subscribed to the within
instrument and ackno��vlec�ged that he executed the same.
WITNESS my hand and official seal.
Cf'G�'�`�,!�-�t.,n't ��.�(���- NOTARY SEAL
- ��___.�p__.___,
NUTA�InL SEA! i rt
My Commission Expires: }p$IN ANN NppIL1'p�fA,NOTARY PUBUC � �
LOWER SWxTARb'[iNP.,DAU?EiIN CO..PA.
4VIIY COMMISSION IXPfRES OCTDBER Ilt 1393
Omohundro Trust, Page 27
m Copyright The Fstate Pian 1989
l�
ABSTRACT OF THE TRUST �t�.
��
� The undersigned hereby certifies that on ,� � �, 1991,he created a
revocable Living Trust. This Trust is known as: t eFi��mobun ro rust, dated
Q�,� i�; `, ; >> , 1991, Richard Omohundro, Trustor and f or Trustee, for the benefit of the
mo un ro y.
IT IS AGREED BETWEEN PARTIES HERETO AS FOLLOWS:
Descri tion of Trust
� The parties hereto desire to confirm the establishment of a revocable Trust on
��,7 �. - ;-. ; ,�.- , 1991, and amendments thereto, for the benefit of the Trustor and
cdnta ng in er alia the following provisions:
1. The Trustor is designated as the Trustee to serve until his death, resignation or
incompetence.
2. Upon the removal of an original Trustee(s), the successor Trustee is (or Co-Trustees are}
designated as Mark Richard Omohundro.
3. Upon the death of the Trustor, the Trust property is allocated as one (1) Trust designated
as Trust A.The Trustee may make distnburions in Trust A in such a manner as to
_ qua.lify for an alternate valuat�on date under Intemal Revenue Code Section ZQ32.
4. The Trustee(s)has the power and authority to mana e and control, buy, sell and transfer
the Trust property,in such manner as the Trustee�s) may de�m advisable, and shall have,
enjoy and exercise all powers and rights over and conceming said property and the
proceeds thereof as fully and amply as though said Trustee were the absolute and
unqualified owner of same, including the power to grant,bargain, sell and conve�,
encumber and hypothecate, real and persanal properiy, and the power to invest in
corporate obli�arions of every kind, stocks, preferred or common, and to buy stocks,
bonds and similar investments on margin or other Ieveraged accounts, except ta tbe
extent that such management would cause includability of an irrevocable Trust in the
estate of a Trustee.
5. Following the death of the Sett�or, the Trust continues or is distributed in whole or in part
for the benefit of other named Beneficiaries according to the terms of the Trust.
6. While the Trustor is living and competent, except when there shall be a Corporate Trustee,
the Trustee(s) may add money to or withdraw money from any bank or savings and loan
or checking account owned by the Trust.
7. All personal property transferred into Trust remains personal property and all real property
transferred�nto Trust remains real property.
8. Unless otherwise indicated to a prosp ecrive transferee, the Trustee(s)has full power to
transfer assets held in the name of the ha s a�dle b not therwise deficie t entitled to
rely upon such transfers provided the c
� 9. The situs of the Trust is the State of Pennsylvania.
ABSTRACT: Omahundro Trust, Page 1
m Copyright The Estate Plan 1989
10. This Trust contains a spendthrift provisian.
1L The use of this Abstract of the Trust is for convenience only and the Trust is solely
controlled as to provisions and interpretations, and any conflict between this abstract and
the Trust shall be decided in favor of the Trust
IN�JI'INESS_WHEREOF, the parties have hereto executed this Abstract of the Trust
this date: �,.- ;--_ %. , 1991.
'-=--=-��
TRUSTOR: `�,`� TRUSTEE:
���--_
-, - .,_ �.
; ,�__ ;� : / ��� �� ,s . - _
� I�."'��_ti;-�J�Q -� �; � ''F.i.z c.^,".:. � �1.., �d;;r': .:'��_ .. � �'t•���L;Ce�'-- �` � �
ic ar mo un ro� c ar mo un ro
STATE OF PENNSYLVANIA
ss. �
COIJNTY OF :��t��r.%,,;� �:
1
On �%�: �� �� , 1991,before me, the undersigned, a Notary Public in and for said
State,persona y appeareclRichard Omohundro personally known to me or proved to me on
the basis of satisfactory evidence to be the person whose name is subscribed to the within
instrument and acknowledged that he executed the same.
'�-� . .-_-�� �°=, - .4 -:�--� !�J NOTARY SEAL
�;, r� 1�
_ . ,, ; _
t�l,�Ri�1i.S�L �
x
• t?{i�lPtA�.SMt7k#,.►dC� p� '
My Commission Expires: � ry. �bfiG =
—i�ersh'e��uphin Cctunty F
�+ly Commissbn�tKas April 29.19g5 x
ABSTRACT: Omohundro Trust,Page 2
�Copyri�ht The Estate Plan 1989
:..�r=—'�
�it�\
.
ABSTRACT 4F THE TRUST �
f� �
�� The undersigned hereby certifies that on L�� �:�- ' ' , 1991, he created a
��r e y o c a b l e L i v i n g T r u s t. T hi s Trust�s known as: e mo un o rust, dated
�ol�� "� ', �— , 1991, Richard Omohundro,Trustor and/or Trustee, for the benefit of the
, mo-lun��y.
IT IS AGREED BEZ'WEEN PARTIES HERETO AS FOLLOWS:
Descri�tion of Trust
� The partie hereto desire to confrm the establishment of a revocable Trust on
� Io�7, 1991, and amendments thereto,for the benefit of the Trastor and
contavung m.ter 'a the following provisions:
l. The Trustor is designated as the Trustee to serve until his death, resignarion or
incompetence.
2. Upon the removal of an original Trustee(s), the successor Trustee is (or Co-Trustees are)
designated as Mark Richard Omohundro.
3. Upon the death of the Trustor, the Trust properry is allocated as one (1) Trust designated
as Trust A. The Trustee may make distnbutions in Trust A in such a manner as to
,,.�_.
qualify for an altemate valuation date under Intemal Revenue Code Section 2032.
4. The Trustee(s) has the power and authority to mana e a.nd control,buy, sell and transfer
the Trust properiy, in.such manner as the Trustee�s) may deem advisable, and shall have,
enjoy and exerc�se all powers and rights over and concerning said property aud the
proceeds thereof as fully an.d amply as though said Trustee were the absolute and
unqualified awn.er of same,including the power to grant,bargain, sell and conve�,
encumber and hy�othecate, real and personal property, and the power to invest in
carporate obligations of every kind, stocks,prefened or common, and to buy stocks,
bonds and similar investments on mazgin or other leveraged accounts, except to the
e�ent that such management would cause includability of an irrevocable Trust in the
estate of a Trustee.
5. Following the death of the Settlor, the Trust contanues or is distributed in whole or in part
for the benefit of other named Beneficiaries according to the terms of the Trust.
6. While the Trustor is living and competent, except when there shall be a Corporate Trustee,
the Trustee(s)may add money to or withdraw money from any bank or savuigs and loan
or checking account owned by the Trust.
7. All personal property transferred into Trust remains personal properiy and all real properiy
transferred into Trust remai.ns real property.
8. Unless othenvise indicated to a prosp ecrive transferee, the Trustee(s) has full power to
transfer assets held in the name of the Trust and subsequent transferees are entitled to
rely upon such transfers provided the chain of title is not otherwise deficient.
� 9. The situs of the Trust is the State of Pennsylvania.
ABSTRACT: Omohundro Trust,Page 1
�Copyright The Estatc Plan 1989
- 10.This Trust contains a spendthrift provision.
11.The use of this Abstract of the Trust is for convenience only and the Trust is solely
controlled as to provisions and interpretations, and any conflict between this abstract a.nd
the Trust shall be decided in favor of the Trust
IN WITNESS WHEREOF, the parties have hereto executed this Abstract of the Trust
this date: `'-�-�.,�-�- � ,,1991.
—, (,��-
TRUSTOR � t� TRUSTEE:
� jq, {�/'- +� ( jf/:� y
�1.';t�� '��� 4� ..'1:L..(.`-T,C�L t ' 1�� C'��Zi_ L�.- 7�l` G�' � s.,E...._�f ;,`f„�.
c ar mo un � o � e ar mo un� � o
STATE OF PENNSYLVANIA
ss.
COUNTY OF .`��« f?�. �;
On ��� �, .;�'� , Z991, before me, the undersigned, a Notary Public in and for said
State,persona�y appeareTltichazd Omohundro personally known to me or proved to me on
the basis of satisfactory evidence to be the person whose name is subscribed to the within
instrurnent and acknowledged that he executed the same.
� �� ; ,
,�'��'4:�;-.:.�� �'.�' -.�:..�..�,.l��` N�TARY SEAL
Nf3TARMtSEAL - _
. Q4t,N+�A D.SMI7N,Na�ry Publ�c - _
My Commission Expires: �k Oaupttin County _
mission Expir�s Aprii 29,1995
ABSTRACT: Omohundro Trust, Page 2
�Copyright The Estate Plan 1989
w��T__La�T���_�i
_
ABSTRACT OF THE TRUS��;,
e `t-'�
_ -� �-�..
�i�r i
�, The undersigned hereby certifies that on �;' �`" ;�� `� , 1991,he created a
revocable Living Trust. This Trust is known as: e mo tin ro Trust, dated
�p l�f ,�?=�= :� �, , 1991, Richard Omahundrq Trustor andJor Trustee,for the benefit of the
mo un ro y.
IT IS AGREED BETWEEN PARTIES HERETO AS FOLLOWS:
f�.;�,�� Descrintion of Trust
�' The parties hereto desire to confirm the establishment of a revocable Trust on
�o f?� y-�' �;; �. ' � , 1991, and amendments thereto,for the benefit of the Trustor and
contaimng inter alia the following provisions:
1. The Trustor is designated as the Trustee to serve unril his death, resignation or
in.competence.
2. Upon the removal of an original Trustee(s), the successor Trustee is (or Co-Trustees are)
designated as Mark Richard Omohundro.
3. Upon the death of the Trustor, the Trust property is allocated as one (Z} Trust designated
as Trust A.The Trustee may make distnbut�ons m Trust A in such a manner as to
qualify for an altemate valuation date under Internal Revenue Code Section 2032.
4. The Trustee(s) has the power and authority to mana e and control,buy, sell and transfer
the Trust properry, in such manner as the Trustee�s) may deem advLCable, and shall have,
enjoy a.nd exercise all powers and rights over and concermng said properry and the
proceeds thereof as�fully and amply as though said Trustee were the absolute and
unqualified owner of same,including the power to grant, bargain, sell and conve�,
encumber and hy�othecate, real and personal property, and the power to invest m
corporate obli�ations of every kind, stocks,prefened or common, and to buy stocks,
bonds and sim�lar investments on margin or other leveraged accounts, except to the
extent that such management would cause includability of an irrevocable Trust in the
estate of a Trustee.
5. Following the death of the Settlor, the Trust continues or is distributed in whole or in part
for the benefit of other named Beneficiaries according to the terms of the Trust.
b. While the Trustor is living and competent, except when there shall be a Corporate Trustee,
the Trustee(s) may add money to or withdraw money from any bank or savuigs and loan
or chec]dng account owned by the Trust.
7. All personal property transferred into Trust remains personal property and a11 real property
transferred mta Trust remains real property.
8. Unless otherwise indicated to a prospective transferee,the Trustee(s)has full power to
transfer assets held in the name of the Trust and subsequent transferees axe entitled to
rely upon such transfers provided the chain of title is not otherwise deficient.
9. The sitezs of the Trust is the State of Pennsylnania.
ABSTRACT: Omohundro Trust,Page 1
m Copyright The FsYate Plan 1989
Z0.This Trust contains a spendthrift provision.
11. The use of this Abstract of the Trust is for convenience oniy and the Trust is solely
cantrolled as to provisions and interpretations, and any conflict between this abstract and
the Trust shall be decided in favor of the Trust
IN WITNESS WI�REOF, the parties have hereto executed this Abstract of the Trust
this date: f��r f 7 , 1991.
TRUSTOR: TRUSTEE:
, t --,. ,
�� � � _ � �� z� � ,
. � � r, —
�_ ,�. r -
� ,�.,_
��.-.�'t��' ��4::`",�` - e{�.. �'-4`' s .�,.'e. , "`er � '•�.'✓ t. .� � .�.'... ,_ .. ..-
ic ar mo un ro c ar mo un ro
STATE OF PENNSYLVANIA
ss.
COUNTY OF ��z��r'/J ie
On �� � , 1991,before me, the undersigned, a Notary Public in and for said
State,person y appeare�tichard Omohundro personally known to me or proved to me on
the basis of satisfactory evidence to be the person whose name is subscribed to the withi.n.
instrument and acknowledged that he executed the same.
`� � " -=---: -�
% .' -�-�?. .,-��� NOTARY SEAL
� ,, >j..r;YL-�? �
� � -
�������� ,
. -
�� D�t�?+tA t}.SMfTH,t���ry Pub,fC s -
My Commission Expires. � Hersheu.Dauptiin County '
��COrnmission Exykes Apris 2�,i9�� - -
�
ABSTRACT: Omohundro Trust, Page 2
m Copyright The Fstate Plan 1989
- ASSIGNMENT OF
FURNITURE,FURNISHINGS,AND PERS4NAL EFFECTS
I, R.ichard Omohundro, do hereby sell, transfer and assign,without consideration, all
right, title and interest which I have in my persanal property of every kind including but not
limited to furnitu.re, appliances, furnishings,pictures, china, sil�erware, glass,baoks,�ewelry,
wearing apparel, and all policies af fire,burglary,property damage, and other insurance on or
in connection with the use of this property, stocks,bonds,_mutual funds, certificates of deposit,
promissory notes, checking accounts, savmgs accounts, hic�I now own or which I may own in
the future to: ^��
��,—, ? �
'"The Omohundro �rust,dated ��/ �, 1991,Richard Omohundro,Trustor
and 1Yustee."
IN WITNESS WHEREOF, I have signed this assignment on
�"i%:� � , 1991.
.---. ,,�.
,
����.�� � � a' �`�' , . � --
��,�_: ,�_ - 4�� - va - _ti _
ic ar _..mo'un o �
STATE OF PENNSYLVANIA
S5. �
COUNTY OF 1��'����.�;�; :.�
On �� :-:�-} `i , 1991,before me, the undersigned, a Notary Public in and for said
State,persan y appearer 'chard Omohundro personally known to me or proved to me on
the basis of satisfactory ev.idence to be the person whose name is subscribed to the within
instrument and acknowledged that he executed the same.
VVITNESS my hand and officia.l seal. _
t_ _ . � __ _
r ' NOTARY SEAL
�� ��-�3 �- - ��--� . _
t�JTARiAI SEAL
My Commission Expires: ��'D.S��i7N,P�,ary�ubiic
, uphin Cou^ty
�hy Commissi�n�c;xes A�ri!29.�995
�Copyright The Estate Pian 1989
All Rights Rescrved-
NOMINATION OF CONSERVATOR
In the event of my legal incapacity, I,Richard Omohundro, residing in the State of
Pennsylvania,nominate and appoint the following to be my legal Conservator(s):
App�pII�TTEE; Mark Richard Omohundro
FIRST ALTERNATE: gatharine Elizabeth Omohundro
SECOND ALTERNATE:Paul Roy
The named Alternate Conservators are to serve in the event that the first Conservator or
successive Conservators are unable ar unwilling to serve. No bond shall be required of any
Conservator acting under authority of tlus appointment. This appoinxment may be confirm.ed by
any court of competent jurisdiction.
Dated: {�= � �! , 1991
Vj R
� � �_.,
+( 7 "
t./��'-E..� '�.L�i y,74,�•._� I .� :�.��'��i�t.l.L..,.6.Lt .r
C aT IIl0 11Il IO
STATE OF PENNSYLVANIA
ss. -- > �
COUNTY OF ,!._',.�;���--��,,r, :
On r��'�: 7` ;-=� , 1991,before me, a Notary Public,personally appeaxed Richard
Omohundro,person y nown to me (or proved to me on the bas;s of sat�sfactory evidence) to be
the person whose name�s snbscribed ta this instrument, and acknowledged that he executed it.
f i,; ,
�� � NOTARY SEAL
, � . / .•��;
� , .� �v�_...�, .
, , ,", ,_.�f " ' -
...�.��.�...�.�.�.....r.... _
������ - _ _ ..
My Commission E�ires: �'�.����.���'�u��ic
. ' Co�,r�v
tuty Cammissit�a�acpKes Aprif 29,i995
o Couvriaht The Estate Plan 1989
_ _ _
�
LAST i�ILL AND TESTAMENT � = -�:'. �
OF - ' c _``
� � t-_,
� Richard Omohnndro . -� �= �;
_ - ;�,� -
. - -• : Lr'1 ;°`
_. ; :� � - _4
IDEN"['ITY - -� - � � ...-
: ; --e _ .;;
I,Richard Omohundro,residing in.the County of Dauphin, State of Penn�.vania,�.ieing
of sound mind and memory,and not acting under duress or undue influence of any person
whomsoever,hereby declare tbis to be my Last Will and Testam.ent, and I do hereby revoke all
other and former Wills and Codicils to Wills heretofore made by me.
My childJchildren are Mark Richard Omohundro,Katharine Elizabeth Omohundro
and Todd Stuart Omohundro.
PERSONAL AND I30USEI-i�LD EFFECTS
It is my intent that all my personal and household effects were transfened to my Livi.ng
Trast as a result of the"ASSIGNMENT UF FL ,F'URNISHINGS AND
PERSONAL EFFECTS"signed this date. If there is any question regardi.ng the ownership or
disposition of these assets, it�s my desire that such assets�our into the Living Trust, signed b�
me this date, in accordance with the provisians of the secrion titled'Residue of Estate".
�-
. RESIDUE OF ESTATE
i give, devise and bec�ueath a11 the rest,residue and remainder of my property of every
l�nd and description(includ�ng lapsed legacies and devises),wherever situated and whether
acquired before or after the executton of this Will, to the Trustee under that certain Trust
executed by me on the same date of the execution of this Will. The Trustee shall add the
property bequeathed and devised by this Item to the corpus of the above described Trust and
shall hold, administer and distribute said properiy in accordan.ce with the provisions of the said
Trust,including any amendments thereto made before my death,it being my intention not to
create a separate or testamentary trust nor to subject such hv�.ng Trust to the�urisdiction of the
Probate Court.
If for any reason the said Trust shall not be in e�stence at the ti.me of my death, or if
for any reason a court of comp e�ent jurisdiction shall declare the foregoing testamentary
disposition to the Trustee under said Trust as it exists at the time of my death to be invahd,
then I give all of my estate including the residue and remain.der thereof to�hat person wha
would have been the Trustee under the Trust, as Trustee, and to their substitutes and
successors under the Trus�, described hereinabove, to be held,managed, invested, reinves�ed
and distributed by the Tnistee upon the terms, trusts and conditions pertaining to the�eriod
beginning with the date of my death as are constituted in the Trust as at present consrituted
__ -- givuio effect to amendments, �f an.q,hereafter made and for that purpose I do hereby
.�,
incorporate such Trust by reference into this my Will.
Iast Will and�'estament of Richard Omohundro,Page 1
m Copyright The Pstate Plan 1989
Alt R;vi,te R.c.,vrri
��
EXECUTOR
I hereby nominate, constitute and appoin.t as Executor(co-Executors if more than one
person) of this my Last Will and Testament Todd Stuart Omohundro.
If for any reasan the first named Executor is unable ar unwilling to serve or continue to
serve, then I hereby nomi.nate, constitute and appoint as substitute or successor Executor (co-
Executors if more than one person)Paul Roy.
When more than one person is named with others to act as Co-Fxecutors and one of
the named persons is unable or unwilling for ar_y reason to serve or to continue to serve, and
no additional persons are na.med herein to take the pl.ace of such declining or retiring
Executor, I hereby direct that the remaaning named Co-Executor(s) shall continue to serve as
Co-Executor(or if one only remains,F�ecutor)hereof without bond.
I tlirect that na security be required on the bond of any Executor designated herein.
Whenever the word '�ecutur"or any modifying or substi.tuted pronoun therefor is used
in this my Will, such words and res�ective�ronouns shall be held and taken to include both the
singular and the plural, the masculine,feminine and neuter gender thereo� and shall apply
equally to the Ea�ecutor named herein and ta any successor or substitute Executor acting
hereunder, and such successor or substitute Executor shall possess all the rights,powers and
duries, authority and responsibility conferred upon the Executor origi.nally named herein.
�.
EXECUTOR POWERS
By way of illustration and not of Iimitation and in addition to any inherent,implied or
statutory powers granted to Executors generally,my Executor is specifically authonzed and
empowered with respect to any praperty,real or personal, at any time held under any provision
of this my Will: to allot, allocate beiween principai and income, ass�gn,borrow,buy, care for,
collect, compromise claims, contract with respect to, continue any business of mine, convey,
convert, deal with, dispose of, enter into, exchange,hold,i.mprove, incorporate any business of
mine,invest,lease, manage, mortgage, grant and exercise ophons with respect to, take
possession o�pled�e, receive,release,repair, sell, sue for,make distributions in.cash or in kind
or partly in each w�xhout regazd to the income tax basis of such asset and in general, exercise
all of the powers in the management of my Estate which any in.dividual could exercise in the
management of similar properiy owned in.its own right upon such terms and conditions as ta
my Executor may seem best, and execute and deliver any and all instruments and do all acts
w}uch my Executor may deem praper or necessazy to carry out the purposes of this my Will,
without being li:mited in any way by the specific grants of power made, and without the
necessity of a court order.
My F�ecutor shall have absolute discretian,but sha1l not be required, to make
a.djustmen�s in the rights of any benefici.ari.es, or among the prin.cipal and income accounts to
com�ensate far the consequences of any tax decision or election, or of any investrnent or
adminlstrative decision,that my Executor believes has had the effect, directly or indirectly, of
preferring one beneficiary ar group of beneficiaries over others. In determiiung the federal
estate and income tax liabilities of my estate,my Executor shall ha�e discretion to select the
last Will and Testament of Richazd Omohundro,Page 2
m Copyright The Estate Pian 1489
. _ _
valuation date and to deter�ine whether any or all of the allowable administration e�enses in
� my estate shall be used as federal estate t�deductions or as federal income tax deductions.
GLOSSARY OF TERMS
For the purposes of this my Will, "children"means the lawful blood descendan.ts in the
first degree of the parent designated; and"issue"and"descendants"mean the lawfui blood
descendants in any degree of the ancestor�esignated;provided,however, that if a person has
been adopted, that person shall be considered a child of such adapting parent and such
adopted child and his issue shall be considered as issue of the adopting parent or parents and
of anyone who is by biood or adoption an ancestor of the adopting parent or either of the
adopting parents. The terms "chil.d,""chiidren,""issue,""descendant"a.nd "descendants"or
those terms�preceded by the terms `�iving"or"then living"shall include the lawful blood
descendant in the first degree of the parent designated even though such descenda.n.t is born
after the death of such parent.
SPECIFIC OMISSIONS
o. I have intentionally omitted an.y and all persons and entities from this, my Last Will and
,�� Testament, exce�t those persons and entities specifically named herei.n, an.d I have also
intenti.onally omitted any and all persons and entities from this,my Last Will and Testament,
� : who are not persons or entities specifically named in The Omohundro Trust, dated
`�' `�o -.--�� , 1991. It is my u3.tention that any and all persons and entities,whether or not
p, name in t s iIl.or said Trust, shall have an interest in my estate an.d property,includin�the
said Trust,if and only to•the extent that I have provided for them in this Will and in the sald
Trus� If any person or entity shall challenge this Will or any term.or condition hereof, or o£
the Living Trust to which I have herein made reference, or any term or condition the*eo� then,
to that person or entity I give and bequeath the sum of one dollar ($1.00) only in lieu and in
place of any other benefit, grant,bequest or interest which that person or interest may have in
my general and Probate Estate or the Livi.ng Trust and its Estate.
SIMUI,TANE�US DEATH
If any beneficiary should not survive ffie for sixty(60� days, then it shall be conclusively
presumed far the purposes of this my Will that said beneficiazy predeceased me.
IN V+JII�TESS VV]E�REOF, I have hereunto set my hand an.d declared this to be my
Last Will and Testament thi.s G cr. , 991.
� �
ar mo un o
�
last Will and Testament of Richazd Omohun.ciro,Page 3
m cApyr;ghc Ttf�Escate P1an 1989
� SIGNED, SF.��LED,PUBLISHED and DECLARED by the above testator as and for
his Iast will, in the presence of u.s,who thereupon at}us request,in his presence and in the
presenc� of each other,have hereunto subscribed our names as witnesses:
�
F- Address ,�� �
itn� s ���_, :�r,.,,B . Z
3
" � �� 170 Z Z--
�' L/ .�,r G
�� -�1%��,C��u.. Address y�/.33 ,� ��.
itnes f�'��..�,�u�.��C � /,7d��_'
z ,�v � �` ��-��,J / f � ��-,�-
j�� �� ' � Address �;�;� �r �/`� G�t.,�v �-�;`1�,�.
� itness �
�:���.�� /`'� �f�.i��
�
last Will and Testament of Richard Omohundra, Page 4
m c���nt�,��r���isas
Alt Riehta Reserved_
SELF-P1�OOF OF'GVILL
�
STATE OF PENNSYLVANIA
ss.
COUNT�OF �,4 v�rt,u
We Richard Omohundro, ��-rn� �-�.�KSav , GEFRt sT`1 ��T�-r NE and
�"o,�,� �„��� _, e estator an e witnesses,respective y,T wrose names are signed
to etli—foregoing�trument,being duly swom, do hereby declare to the undersigned authonty
that the testator signed and executed the instrument as his Iast will an.d that he signed willingly,
and that he 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 testatar, signed�he will.as
witness and that to the best of each witness's l�owledge the testaxor was at that time eighteen
years of age or older, of sound mind and under no constrain.t ar undue i.nfluence.
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SUBSCRIBED, SWORN TO AND ACSNOWLEDGED before e,by Richard
4mohundro, e Testaxar, and subscribed and sworn to before me by ,
�.+����„� and ...a-a.t� ,witnesses, this a��-. �„ , �
Cj �''�'L'��`� , �-�-� NOTARY SEAL
�otn�t�n�sEk1. - - -
My Commission Fxpires: KoslN ANM�uPlLT�tt�,tYOtAR1r Ptf�tC --
�TARA TWF.,QAtiPHtN C0.PA. _
MY qMMISSlDN IXPIRfS UCr08fR 11,1993 -- -- - --
last Will and Testament of Richard Omohundro,Page 5
m CoPyright T1ie F.state Plan 1984