HomeMy WebLinkAbout09-09-14 � 1505610143
REV-1500 Ex�°2_,,, `"�
PA De artment of Revenue OFFICIAL USE ONLY
p pennsylvania County Code Year File Number
Bureau of Individual Taxes DEPARTFENTOFREVENUE
Po sox.2soso� INHERITANCE TAX RETURN 21 14 00543
Harrisburg,PA 17128-0601 RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death Date of Birth
05 20 2014 07 02 1932
DecedenYs Last Name Suffix DecedenYs First Name MI
VINCETT ROBERTA A
(if Applicable)Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name MI
VINCETT KENNETH C
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
� 1. Original Return � 2. Supplemental Return � 3. Remainder Return(Date of Death
Prior to 12-13-82)
� 4. Limited Estate � 4a.Future interest Compromise � 5. Federal Estate Tax Retum Required
(date of death after 12-12-82)
� g Decedent Died Testate � Decedept Maintained a Living Trust � 8. Total Number of Safe Deposit Boxes
(Attach Copy of Will) ❑ (Attach Gopy of Trust)
� 9. Litigation Proceeds Received � �p.S ousal Povert Credit�(Date of Death � 11.Election to tax under Sec.9113 A
b�lween 12-31�J1 and -1-95) (Attach Schedule O) � �
CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytim�elephone N�ber "
HUBERT X GILROY 717 -'��"24'� 334� � rn
� �o Ln rn c'�
'I7��7�� r*"
REGI�E�qFWILLS USE,.i�V�
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Tir,n
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,„. G.� � � ..:;3 C7
First Line of Address i ` " '• 4.,� �
10 EAST HIGH STREET ' `:' �i � ,,,� -�
Second Line of Address � =.� � r~ �
�
-.� C» E:�
DATE FI ED �
City or Post Office State ZIP Code
CARLISLE PA 17013
CorrespondenYs e-mail address: hgilroyC�martsonlaw.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,correct and complete.Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge.
S RE OF PERSO ONSIBLE F T�ILIN TURN D TE
I
� Kenneth C.Vincett �
ADDRESS
523 Biddle Drive C lisle 17013
SIGNATU P EPA R OT THAN SENTATIVE DA E
Hubert X. Gilroy � �� �
ADD SS
10 East High Street, Carlisle, PA 17013
Side 1
� 1505610143 1505610143 J
�
� 1505610243
REV-1500 EX
DecedenYs Social Security Number
oecedenes Name: VIIIC@L't, Roberta A.
RECAPITULATION
1. Real Estate(Schedule A)....................................................................................... 1.
2. Stocks and Bonds(Schedule B)............................................................................. 2. 2 0 ,2 0� . 2 5
3. Closely Held Corporation,Partnership or Sole-Proprietorship(Schedule C)......... 3.
4. Mortgages&Notes Receivable(Schedule D)........................................................ 4.
5. Cash,Bank Deposits&Miscellaneous Personal Property(Schedule E)............... 5. 32 , 64 6. 94
6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested............ 6.
7. Inter-Vivos Transfers&Miscellaneous l�n�Probate Property
(Schedule G) U Separate Billing Requested............ 7,
8. Total Gross Assets(total lines 1 through 7)........................................................ 8. 52 , 847 . 19
9. Funeral Expenses and Administrative Costs(Schedule H).................................... 9.
10. Debts of Decedent,Mortgage Liabilities and Liens(Schedule I)............................ 10.
11. Total Deductions(total Lines 9 and 10)................................................................ ��.
12. Net Value of Estate(Line 8 minus Line 11).......................................................... �2, 52 ,847 . 19
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)............................................... �q. 5Z , 8 4 7 . 19
TAX COMPUTATION-SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate,or
transfersunderSec.9116 52 847 . 19 15. 0 . 00
(a)(1.2)X.00 r
16. Amount of Line 14 taxable
at lineal rate X .045 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 � . �� 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
� 1505610243 1505610243 J
REV-1500 EX Page 3 File Number 21-14-00543
Decedent's Complete Address:
DECEDENT'S NAME
Vincett, Roberta A.
STREET ADDRESS
523 Biddle Drive
CITY STATE ZIP
Carlisle PA 17013
Tax Payments and Credits:
1. Tax Due(Page 2,Line 19) (1) 0.00
2. Credits/Payments
A. Prior Payments
B. Discount 0.00
Total Credits(A +6) (2) 0.00
3. Interest �3�
q, If Line 2 is greater than Line 1 +Line 3,enter the difference. This is the OVERPAYMENT. (4)
Check box on Page 2,Line 20 to request a refund
5, If Line 1 +Line 3 is greater than Line 2,enter the difference. This is the TAX DUE. (5) �.00
Make Check Pa able to: REGISTER OF WILLS, AGENT.
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y ; , .,
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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:.................................. ❑❑ 0
c. retain a reversionary interest;or............................................................................................................... x
d. receive the promise for life of either payments,benefits or care?............................................................ ❑ X
2. If death occurred after Dec. 12, 1982, did decedent transfer property within one year of death without O ❑
receivingadequate consideration?.................................................................................................................... x
3. Did decedent own an"in trust for" or payable upon death bank account or security at his or her death?....... ❑ Ox
4. Did decedent own an individual retirement account,annuity,or other non-probate property which ❑ ❑
contains a beneficiary designation?.................................................................................................................. X
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONSIS YES,YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
�.%s'„a: , ..�".,a,�r� �'��; y'�' ,.,,?; . �`;� <.��
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 January 1,1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent
[72 P.S.§9116(a)(1.1)(ii)]. The statute does not exempt a transfer to a surviving spouse from tax,and the statutory requirements for disclosure of assets and
filing a tax 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)j.
• 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 decedenYs siblings is 12 percent[72 P.S.§9116(a)(1.3)]. A sibling is defined,
under Section 9102,as an individual who has at least one parent in common with the decedent,whether by blood or adoption.
Rev-1503 EX+�g�98)
SCHEDULE B
, � STOCKS & BONDS
COMMONWEALTH OF PENNSVLVANIA
INHERITANCE TAX RETURN
RESIDENTDECEDENT
ESTATE OF FILE NUMBER
Vincett, Roberta A. 21-14-00543
All property Jointly-ownedwith right oT survivorship must bedisclosed on Schedule F.
ITEM CUSIP VALUE AT DATE
NUMBER NUMBER DESCRIPTION UNIT VALUE OF DEATH
1 350 shares of Yelp Inc.Class A-Charles Schwab IRA- 57.715 20,200.25
payable to the Estate
TOTAL(Also enter on Line 2, Recapitulation) 20,200.25
(If more space is needed,additional pages of the same size)
Copyright(c)2002 form software only The Lackner Group,Inc. Form PA-1500 Schedule B(Rev.6-98)
Rev-1508 EX+(17-10)
SCHEDULE E
pennsylvania CASH, BANK DEPOSITS, & MISC.
DEPARTMENT OF REVENUE
INHERITANCETqXRETURN PERSONAL PROPERTY
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Vincett, Roberta A. 21-14-00543
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointly-ownedwith the right of survivorship must be disclosed on schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1 Charles Schwab IRA-Cash in account-payable to the Estate 32,646.94
TOTAL(Also enter on Line 5, Recapitulation) 32,646.94
(If more space is needed,additional pages of the same size)
Copyright(c)2010 form software only The Lackner Group, Inc. Form PA-1500 Schedule E(Rev. 11-10)
REV-1513 EX+(01-10)
pennsylvania SCHEDULE J
DEPARTMENT OF REVENUE
INHERITANCE TAX RETURN BENEFICIARIES
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Vincett, Roberta A. 21-14-00543
NAME AND ADDRESS OF RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE
NUMBER PERSON(Sl RECEIVING PROPERTY DECEDENT (Words) ($$$)
I TAXABLE DISTRIBUTIONS [include outright spousal
• distributions,and transfers
under Sec.9116 a 1.2
Kenneth C.Vincett Spouse 52,847.19
523 Biddle Drive
Carlisle, PA 17013
Total 52,847.19
Enter dollar amounts for distributions shown above on lines 15 throu h 18 on Rev 1500 cover sheet,as a ro riate.
NON-TAXABLE DISTRIBUTIONS:
II. A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN
B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART II-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET
Copyright(c)2010 form software only The Lackner Group,Inc. Form PA-1500 Schedule J(Rev.01-10)
. . ,.
CODICIL
TO THE LAST WILL AND TESTAMENT
OF
ROBERTA A. VINCETT
I,ROBERTA A. VIl�tCETT,of the Borough of Carlisle,Cumberland County,
Pennsylvania,being of sound and disposing mind and memory, do make,publish and declare this to
be a Codicil to my Last Will and Testament dated April 28, 2003.
1. If My Spouse dies before me and if My Spouse's sister,NORMA VINCETT
BOSTEDO,survives me and is residing in my property located at 902 Bougenvilla Circle,Barefoot
Bay,Brevard County,Florida(the"Propert}�'j,I give, devise and bequeath all of my right,title and
interest in such Property to NORMA VINCETT BOSTEDO,without liability for waste, for her life
or until she ceases to reside in the Property. Upon the death of Norma Vincett Bostedo or at such
time as she ceases to reside in the Property,I direct my Executor to sell said Property and distribute
the net proceeds thereof to my issue then living,per stirpes. Norma Vincett Bostedo shall not be
required to give bond as life tenant,but shall be required to keep such Property insured and to pay
all costs of maintenance thereof.
Page 1 of 2 Pages
555833.1
IN WITNESS WHEREOF,I have hereunto set my hand and seal to this Codicil to
my Last Will and Testament,consisting of this page and the preceding one(1)page,this �-�
day of � �� 2(�� ,2005.
� � � / ,�'
�. G%�- ���--�
oberta A. Vincett
We,the undersigned,hereby certify that the foregoing Codicil was signed, sealed,
published and declared by the above-named Testatrix as and for a Codicil to her Last Will and
Testament,in the presence of us,who at her request and in his presence and in the presence of each
other,have hereunto set our hands and seals the day and year above written, and we certify that at
the ' fi3�e�exec � n thereof,the said Testatrix was of sound and disposing mind and memory.
.,
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(SEAL) Residing at: '' C�'' (,.l.ecc.,�
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�-� I � ���� (SEAL) Residing at: l � -fi� �,�C:�f'
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Page 2 of 2 Pages
COMMONWEALTH OF PENNSYLVANLA :
: SS:
COUNTY OF DAUPHIN :
We,ROBERTA A. VINCETT, '�:.1 T ,�,, `-�...�,-t'�•and
���..�� �C�_ �.,cx��� the Testatrix and the Witnesses,respectively,whose names are
signed to the foregoing instrument,having been sworn,do hereby declare to the undersigned officer
that the Testatrix,in the presence of the Witnesses, signed said instrument as a Codicil to her Last
Will and Testament,that she signed voluntarily,that each of the witnesses,in the presence of the
Testatrix and of each other,signed said Codicil as a witness and that to the best of the lrnowledge of
each witness,the Testatrix was at the time of sound mind and under no constraint or undue
influence.
;j �P �
Rob Vincett
;r ��.�..� �/��a��
� _
r`i itness
1
Subscribed and acknowledged before me by ROBERTA A. VIl�ICETT,the
Testatrix, and subscribed and sworn to before me by ��t�--.->>�� tt - 4;..�`� and
'j"���,�„�., � . 2,����� ,the witnesses,on this��day of �'��-v-� i.� _,
�
2005.
/�; � �--�...
/ �
�.c�-L� 1.--._.�1.° l._._.J
Notary Publi
My Commission Expires:
(SEAL)
�:;O;ai,v1UN�NEALTH OF PENNSYLVANIA
Notarial Seal
Cindy L.Leitzel,Notary Pubtic
C i of Flanisbwg,Dauptun County
� M,y�ommission Expues Dec 2,20U6
,,c;,,..;;,.� ?.,r,-,��;,,,.•„asscx:i:�t�on of Notaries
/
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(
LAST WILL AND TESTAMENT
OF
ROBERTA A. VINCETT
I, ROBERTA A. VINCETT, of the Borough of Carlisle,
Cumberland County, Pennsylvania, being of sound and disposing
mind and memory, do make, publish and declare this to be my Last
Will and Testament, hereby revoking all Wills and Codicils by me
at any time previously made.
I am married to Kenneth C. Vincett (hereinafter
referred to as "My Spouse" ) and the children born of our marriage
are ElizabEth Anne Vincett-Fourlas, Scott A. Vincett and Jeffrey
R. Vincett.
1 . TANGIBLE PERSONAL PROPERTY. I give and bequeath
all of my household furniture and furnishings, automobiles, other
motor vehicles, books, pictures, jewelry, china, crystal,
appliances, silverware, wearing apparel, articles of household or
personal use or adornment, collections, artworks, boats and
recreational equipment and vehicles, together with all policies
of insurance thereon, to My Spouse, if My Spouse survives me. If
My Spouse does not survive me, I give such articles to my
children living at my death in as nearly equal shares as they
shall select under the supervision of my Executor. Any cost of
Page 1 of 14 Pages
46550'/.1
1 , �, � �I I�
packing and shipping said personalty to the beneficiaries,
including insurance, shall be paid by my Executor as a general
administration cost . If any such articles cannot be fairly
divided or distributed in kind in the opinion of my Executor,
such articles shall be sold and the proceeds thereof shall pass
as a part of my residuary estate .
2 . RESIDUE .
(a) I give, devise and bequeath all the rest and
residue of my property, real, personal and mixed, not
disposed of in the preceding portions of this Will,
including all property over which I hold a power of
appointment (which powers of appointment I hereby
exercise in favor of my estate) , to My Spouse, if My
Spouse survives me .
(b) If My Spouse disclaims all or any portion of
the bequest intended to pass to My Spouse under
paragraph (a) of this ITEM 2, I give and bequeath said
disclaimed property to my Trustee hereinafter named, IN
TRUST NEVERTHELESS, to be held, administered and
disposed of in accordance with ITEM 3 for the benefit
of My Spouse and my issue (herein referred to as the
"Unified Credit Trust") .
(c) If My Spouse does not survive me, I give,
devise and bequeath all the said rest and residue of my
estate to my issue living at my death, per stirpes;
provided, however, that should any such issue be the
issue of a deceased child of mine and shall not then
have attained the age of thirty years, each such
issue ' s share shall be distributed to my Trustee, IN
TRUST NEVERTHELESS, each to be held, administered and
disposed of as a separate trust estate in accordance
with ITEM 4 for the benefit of each such issue (the
"Retention Trust" ) .
Page 2 of 14 Pages
_ _
� 1 �, i � �.
3 . UNIFIED CREDIT TRUST . My Trustee shall have,
hold, manage, invest and reinvest the assets of the Unified
Credit Trust, collect the income and
(a) Beginning at my death, my Trustee shall pay
over the net income of the Unified Credit Trust to My
Spouse during My Spouse ' s lifetime, in installments not
less frequently than quarterly. In addition, my
Trustee shall pay to My Spouse such amounts of the
principal of such trust as, in the sole discretion of
my Trustee, shall be necessary for the maintenance,
support and medical and nursing care of My Spouse,
taking into consideration any other means readily
available for such purposes .
(b) Upon the death of the survivor of My Spouse
and me, my Trustee shall distribute the principal and
any undistributed income of the Unified Credit Trust to
my issue then living, per stirpes; provided, however,
that should any such issue be the issue of a deceased
child of mine and shall not then have attained the age
of thirty years, each such issue ' s share shall be
distributed to my Trustee, IN TRUST NEVERTHELESS, each
to be held, administered and disposed of as a separate
trust estate in accordance with ITEM 4 for the benefit
of each such issue (the "Retention Trust" ) .
4 . RETENTION TRUST . My Trustee shall have, hold,
manage, invest and reinvest the assets of the Retention Trust,
collect the income and
(a) Until the beneficiary of the Retention Trust
(the "Beneficiary" ) shall have attained the age of
twenty-one years, my Trustee shall from time to time
pay to or for the benefit of the Beneficiary such
amounts of the net income and principal of the
Retention Trust as, in the sole discretion of my
Trustee, shall be necessary for the Beneficiary' s
maintenance, support, medical and nursing care and
education, including college and graduate education,
taking into consideration any other means readily
Page 3 of 14 Pages
,
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available for such purposes . At the end of each year
any unexpended income shall be added to the principal
of the Retention Trust .
(b) After the Beneficiary shall have attained the
age of twenty-one years, my Trustee shall thereafter
pay to the Beneficiary the net income derived from the
Retention Trust in installments not less frequently
than quarterly and such amounts of the principal as, in
the sole discretion of my Trustee, shall be necessary
for the Beneficiary' s maintenance, support, medical and
nursing care and education, including college and
graduate education, taking into consideration any other
means readily available for such purposes .
(c) If at the time of the creation of the
Retention Trust the Beneficiary shall have then
attained the age of thirty years, or if the Beneficiary
shall thereafter attain that age, the Trustee shall
distribute outright to the Beneficiary the then
remaining principal and any accumulated income of the
Retention Trust .
(d) If a Beneficiary shall die before final
distribution of the assets of the Retention Trust is
made, the then remaining principal and any
undistributed income of the Retention Trust shall be
distributed to the Beneficiary' s issue then living, per
stirpes; or if the Beneficiary has no issue then
living, to my issue then living, per stirpes (subject
to the restrictions of this ITEM if any such issue has
not attained the age of thirty years) , or if I have no
issue then living, then to the Beneficiary' s estate.
5 . LIMIT ON TERM OF TRUSTS. Nothing herein is
intended to, nor shall it be construed to, postpone the vesting
of any part of the assets of any separate trust estate hereunder
for more than twenty-one years after the death of the survivor of
me, My Spouse and my issue living at the time of my death. At
the expiration of such period the assets of all the separate
Page 4 of 14 Pages
,
i "• � �.
, � � , , , � �
trust estates hereunder shall immediately vest in fee simple
absolute in and be distributed outright to the person or persons
then entitled to receive the income therefrom, whether in my
Trustee' s discretion or otherwise.
6 . SPENDTHRIFT PROVISION. No interest in income or
principal of my estate or any trust created hereunder shall be
subject to attachment, levy or seizure by any creditor, spouse,
assignee or trustee or receiver in bankruptcy of any beneficiary
of my estate or of any trust created hereunder prior to the
beneficiary' s actual receipt thereof. My Executor or Trustee
shall pay over the net income and the principal to the
beneficiaries herein designated, as their interests may appear,
without regard to any attempted anticipation (except as may be
specifically provided herein) , pledging or assignment by any
beneficiary of my estate or of any trust created hereunder and
without regard to any claim thereto or attempted levy,
attachment, seizure or other process against said beneficiary.
7 . SURVIVAL PRESUMPTIONS. Any person who shall have
died at the same time as I or under such circumstances that it is
difficult or impossible to determine who shall have died first,
shall be deemed to have predeceased me. Any person other than me
who shall have died at the same time as any then beneficiary of
income of my estate or a trust created hereunder or under such
Page 5 of 14 Pages
i 1
� � ' , � � 1 � � � � � �
circumstances that it is difficult or impossible to determine who
shall have died first, shall be deemed to have predeceased such
beneficiary.
S . FIDUCIARY POWERS. In the settlement of my estate
and during the continuance of any trust created hereunder, my
Executor and my Trustee shall possess, among others, the
following powers, exercisable without prior court approval, but
in all cases to be exercised for the best interests of the
beneficiaries:
(a) To retain any investments I may have at my
death so long as my Executor or Trustee may deem it
advisable to my estate or trust so to do, including
securities owned, issued or underwritten by any
corporate Executor or Trustee or any of their
affiliates .
(b) To vary investments, when deemed desirable by
the Trustee, and to invest in every kind of property and
type of investment, including securities owned, issued
or underwritten by any corporate Trustee or any of its
affiliates, or as to which such Trustee or its
affiliate acts as investment advisor, as the Trustee
shall deem wise.
(c) In order to effect a division of the
principal of my estate or trust or for any other
purpose, including any final distribution of my estate
or trust, my Executor or Trustee is authorized to make
said divisions or distributions of the personalty and
realty partly or wholly in kind. If such division or
distribution is made in kind, said assets shall be
divided or distributed at their respective values on
the date or dates of their division or distribution.
In making any division or distribution in kind, my
Executor or Trustee shall divide or distribute said
Page 6 of 14 Pages
I
� � , 1 I� 1 1 f� , I �.
assets in a manner which will fairly allocate any
unrealized appreciation among the beneficiaries .
(d) To sell either at public or private sale and
upon such terms and conditions as my Executor or
Trustee may deem advantageous to my estate or trust,
any or all real or personal estate or interest therein
owned by my estate or trust severally or in conjunction
with other persons or acquired after my death by my
Executor or Trustee, and to consummate said sale or
sales by sufficient deeds or other instruments to the
purchaser or purchasers, conveying a fee simple title,
free and clear of all trust and without obligation or
liability of the purchaser or purchasers to see to the
application of the purchase money or to make inquiry
into the validity of said sale or sales; also, to make,
execute, acknowledge and deliver any and all deeds,
assignments, options or other writings which may be
necessary or desirable in carrying out any of the
powers conferred upon my Executor or Trustee in this
paragraph or elsewhere in this Will.
(e) To mortgage real estate and to make leases of
real estate for any term.
(f) To borrow money from any party, including my
Executor or Trustee, to pay indebtedness of mine or of
my estate or trust, expenses of administration, Death
Taxes or other taxes .
(g) To pay all costs, expenses, legally
enforceable debts, funeral expenses and charges in
connection with the administration of my estate or
trust .
(h) To vote any shares of stock which form a part
of my estate or trust and to otherwise exercise all the
powers incident to the ownership of such stock and to
actively manage and operate any incorporated or
unincorporated business, including any joint ventures
and partnerships, and to incorporate any such
unincorporated business, with all the rights and powers
of any owner thereof .
Page 7 of 14 Pages
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(i) In the discretion of my Executor or Trustee,
to unite with other owners of similar property in
carrying out any plans for the reorganization of any
corporation or company whose securities form a part of
my estate or trust .
(j ) To assign to and hold in my estate or trust
an undivided portion of any asset .
(k) To hold investments in the name of a nominee.
(1) To compromise controversies.
(m) To disclaim, in whole or in part, any and all
interests in property owned by me at the time of my
death, including those passing to me by Will,
intestacy, contract, joint ownership, operation of law
or otherwise.
(n) To designate one or more persons or a
corporation to act as ancillary fiduciary in any
jurisdiction in which ancillary administration may be
necessary, such ancillary fiduciary to serve without
bond or security and to have all powers, authorities
and discretions conferred hereunder.
(o) To employ and compensate from income or
principal, in the discretion of my Executor or Trustee,
investment and legal counsel, accountants, brokers and
other specialists, and, whenever there shall be no
corporate Executor or Trustee in office, a corporate
custodian, and to delegate to investment counsel
discretion with respect to the investment and
reinvestment of any or all of the assets held
hereunder.
(p) To manage and develop all or any part of any
real property that may be owned by my estate or any
trust, including but not limited to, the power to
subdivide (including the dedication of parks, easements
or streets, with or without consideration) ; to obtain
the vacation of a plat or adjust boundaries; to submit
property to a condominium project and do all acts
necessary in connection therewith; to grant options to
purchase or to lease; to construct buildings or to
Page 8 of 14 Pages
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)
alter or remove buildings, and make such improvements
to real property as my Executor or Trustee determines
to be appropriate (including improvements not situated
directly on the particular real property) ; to grant
easements or encumbrances of any kind, and to release
any interest in the property; and to abandon or
demolish any property including an interest in real
property deemed by my Executor or Trustee to be
worthless or of insufficient value to keep or protect .
9 . EXCULPATORY CLAUSES. In the settlement of my
estate:
(a) My Executor shall not be personally liable
for any loss to my estate or to any beneficiary of my
estate resulting from an election made in good faith to
claim a deduction as an income tax deduction or as an
estate tax deduction.
(b) In valuing property in my gross estate for
the purposes of any Death Tax, my Executor shall not be
personally liable for any loss to my estate or to any
beneficiary of my estate resulting from my Executor' s
decision made in good faith to use a particular valua-
tion date .
10 . TAX CLAUSE. Al1 inheritance, estate and similar
taxes becoming due by reason of my death, except any taxes
relating to generation skipping transfers imposed under Chapter
13 of Subtitle B of the Internal Revenue Code, as amended ("Death
Taxes") , whether such Death Taxes shall be payable by my estate
or by any recipient of any property, shall be paid by my Executor
out of the property passing under ITEM 2 of this Will as an
expense and cost of administration of my estate; provided,
however, that if any property held in any testamentary or inter
Page 9 of 14 Pages
, , .� . , , ' ' � .
� , .
vivos trust created by My Spouse is includable in my estate £or
purposes of any Death Tax, then any Death Tax attributable to the
inclusion of any such property in my estate for the purposes of
that Death Tax shall be paid out of such property or by the
recipients of such property; and, if such Death Taxes are
nevertheless paid by my Executor, I direct my Executor to obtain
reimbursement or contribution for any such taxes paid by my
Executor. My Executor shall have no duty or obligation to obtain
reimbursement for any Death Taxes paid by my Executor, even
though paid with respect to proceeds of insurance or other
property not passing under this Will.
11 . CUSTODIAN OF ESTATES. If at any time any
individual under the age of twenty-one shall be entitled to
receive any assets free of trust by reason of my death, whether
payable hereunder, by operation of law, contract or otherwise, I
appoint my Trustee hereinafter named as Custodian for such
individual under the Pennsylvania Uniform Transfers to Minors
Act .
12 . TRUST MERGERS AND TERMINATIONS .
(a) If there should be established by My Spouse,
either by Last Will and Testament or by inter vivos
Deed or Agreement, trusts similar to the trusts herein
established for the benefit of my issue, my Trustee
herein shall have the right and power to merge trusts
herein established with similar trusts for the same
Page 10 of 14 Pages
� � . � � � � , , I� � � � � �
beneficiaries established by My Spouse and to operate
each of the merged trusts as a single trust .
(b) If, in the sole discretion of my Trustee, at
any time any trust hereunder is or becomes too small to
justify its maintenance as a separate trust, my
Trustee, without any liability to any person or
remainderman whose interest may be affected thereby and
without the necessity of court approval, shall
terminate such trust by distributing all the income and
principal of the trust to the then income beneficiary
or beneficiaries of said trust . If any additions to
any such trust are received after its termination under
this ITEM, such trust shall be revived and this
provision shall continue to apply to it . The Trustee
discretion herein granted shall in no event be
construed as giving any potential distributee of a
trust the right to compel a termination in whole or in
part of such trust .
13 . EXECUTOR POWERS REGARDING BASIS ADJUSTMENT. I
hereby authorize my Executor in my Executor' s sole and absolute
discretion to allocate any adjustments to the income tax basis of
assets of my estate to such assets as my Executor deems to be
• appropriate . I recognize that this power gives my Executor broad
latitude which I wish my Executor to exercise while taking into
account such factors as my Executor deems beneficial to all of
the beneficiaries of my estate . My Executor shall not be liable
for any loss to my estate or to any beneficiary of my estate
resulting from such allocation made in good faith.
14 . EXECUTOR APPOINTMENT. I hereby appoint My Spouse,
KENNETH C. VINCETT, as Executor of this Will . If for any reason
My Spouse should fail or cease to act, I appoint my daughter,
Page 11 of 14 Pages
' � ' � f � . i i . � • � ' r
ELIZABETH ANNE VINCETT-FOURLAS, as Executrix and if she should
fail or cease to act, I appoint my sons, SCOTT A. VINCETT and
JEFFREY R. VINCETT, as Co-Executors. If for any reason either of
them should fail or cease to act, the other shall act or continue
to act with all of the powers granted to the two of them. Al1
references in this Will to my "Executor" shall refer to my
originally named Executor, to my successor Executrix or to my
successor Co-Executors, as the case may be.
15 . TRUSTEE APPOINTMENT. I hereby appoint My Spouse,
KENNETH C. VINCETT, and my daughter, ELIZABETH ANNE VINCETT-
FOURLAS, as Co-Trustees of any trust created hereunder. If for
any reason either of them should fail or cease to act, I appoint
my sons, SCOTT A. VINCETT and JEFFREY R. VINCETT, as Trustees in
his or her place. If any of these Trustees should fail or cease
to act, the other (s) shall act or continue to act with all of the
powers granted to the three of them. So long as a Trustee or the
issue of such Trustee is a beneficiary of any trust hereunder,
such Trustee shall not (i) participate in any discretionary
determination of the Trustee to distribute principal or income of
such trust to or for the benefit of such beneficiary or to his or
her issue; or (ii} participate in any discretionary determination
of the Trustee to terminate said trust under the ITEM hereof
entitled "TRUST MERGERS AND TERMINATIONS" . An individual Trustee
Page 12 of 14 Pages
,
• ' ' ` � ' '. '� '� i. ' � � ' .
shall be deemed to have failed to serve as Trustee hereunder if,
among other reasons, the treating physician of said individual
Trustee shall certify in writing that such Trustee possesses
permanent mental or physical incapacities which preclude such
Trustee from discharging his or her duties as Trustee hereunder.
If there is ever only one Trustee serving hereunder and no
successor is herein named, such sole Trustee may, by written
notice directed to the life tenant and the Trust, designate his
or her successor (s) or Co-Trustee (s) to serve with him or her,
any such designation to be effective without court approval . Any
Trustee serving hereunder shall have the right to resign from
such office at any time, with or without cause and without Court
approval . No successor Trustee shall be liable for the actions
of a resigning or removed Trustee occurring prior to such
successor Trustee taking office . All references in this Will to
my "Trustee" shall refer to my originally named Co-Trustees or to
my sole successor Trustee, as the case may be.
16 . WAIVER OF BOND; FIDUCIARY FEES. My Custodian,
Executor and Trustee shall qualify and serve without the duty or
obligation of filing any bond or other security. Any corporate
fiduciary shall be entitled to compensation for services in
accordance with the standard schedule of fees in effect when the
services are rendered.
Page 13 of 14 Pages
\ 1 1 l�
" � � . �� I �1 �� � i . /I
IN WITNESS WHEREOF, I have set my hand and seal to
this, my Last Will and Testament, consisting of this- and the�_,
preceding thirteen (13) pages, this •�4'} day of /,,f�� '�.�
,
2003 .
.i ;� f� l .;
--'"D�-�'I�-r.' �,.� � �, ,/•'��'�-�'f���p,I,)
�berta A. Vincett
We, the undersigned, hereby certify that the foregoing
Will was signed, sealed, published and declared by the above-
named Testatrix as and for his Last Will and Testament, in the
presence of us, who, at her request and in her presence and in
the presence of each other, have hereunto set our hands and seals
the day and year above written, and we certify that at the time
of the x cut�z� thereof, the said Testatrix was of sound and
dispos ' ind and memory.
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(SEAL) Residing at : •' �f
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{�-. �� _�(��--�� (SEAL) Residing at : � �.1���'y���g� y -�#:
f �)����' 6C ,�
Page 14 of 14 Pages
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COMMONWEALTH OF PENNSYLVANIA .
. SS:
COUNTY OF �����"'�- ,
We, ROBERTA A. VINCETT, `�'� ���.;�-�. and
��� �-Gk:'��.+�� , the Testatrix and the Witnesses, respectively,
whose names are signed to the foregoing instrument, having been sworn,
do hereby declare to the undersigned officer that the Testatrix, in the
presence of the Witnesses, signed said instrument as her Last Will and
Testament, that she signed voluntarily, that each of the witnesses, in
the presence of the Testatrix and of each other, signed said Will as a
witness and that to the best of the knowledge of each witness, the
Testatrix was at the time of sound mind and under no constraint or undue
influence. t
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� itness --
Subscribed and acknowledged before me by ROBERTA A. VINCETT,
the Testatrix, and subscribed and sworn to before me by
�-Ea.�Ic.r A� - ,,••.�°t� and �
\va�..� �?�dE-CL•.r;3{i•�- the witnesses,
on this °rJ�day of ���� , 2003 .
Notar lic
My Commission Expires:
(SEAL)
� ����
Ciridy L.Leitzel,Notary Public
� City Of Harrisburg,Dauphin Courriy
IMy Corrxrussion Expires Dec.2,2006
Member.PPnrsynr�nfa qssociation Of Notaries
Estate Valuation - 12912.6
Date of Death: O5/20/2014 Estate of: Roberta A. Vincett Estate
Valuation Date: 05/20/2014 Account: Charles Schwab
Processing Date: 08/29/2014 Report Type: Date of Death
Number of Securities: 1
File ID: 12412.B.vincett.charles.schwab
Shares Security Mean and/or Div and Int Security
or Par Description Hiqh/ASk Low/Bid Adjustments Accruals Value
1) 350 YELP INC (YELP)
CL A
New York Stock Exchange
05/20/2014 58.73000 56.70000 H/L
57.715000 20,200.25
Total value: 520,200.25
Total Accrual: $0.00
Total: $20,200.25
CC��� � -� � ��(�,�i�-
Page i
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please contact EVP Systems at (81B) 313-6300 or www.evpsys.com. (Revision 7.9.0)
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