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HomeMy WebLinkAbout09-11-14 y ,�23 , 1N2.�SU DECEDENT'S ESTATE ry ,. COURT OF COMMON PLEAS OF c o c rn m CUMBERLAND COUNTY, PENNSYLVANIA© � rr' 2 o ORPHANS' COURT DIVISION z " a -A ;:0-:,, �, r— �, rn M cn , ESTATE OF VERNA H. SHULTZ DECEASED i f rn 1 r— No. 21-12-00348 Q PETITION FOR ADJUDICATION/ STATEMENT OF PROPOSED DISTRIBUTION PURSUANT TO Pa. O.C.Rule 6.9 This form maybe used in all cases involving the Audit of the Account of a Decedent's Estate. If space is insufficient, riders may be attached. Attach the spouse's election, if any; the papers required under items 8-19 inclusive; and any instrument pertinent to the adjudication. INCL UDE ATTACHMENTS AT THE BACK OF THIS FORM. Name of Counsel: No V. Otto III Supreme Court I.D.No.:27763 Name of Law Firm: Martson Law Offices Address: 10 East High Street, Carlisle, PA 17013 Telephone: (717) 243-3341 Fax: (71 7)243-1850 Form OC-01 rev. 10.13.06 Page I of 10 Estate of VERNA H. SHULTZ Deceased 1. Name(s) and address(es) of Petitioner(s): Name: Farmers and Merchants Trust Company Address: P.O.Box 6010 Chambersburg,PA 17201 Identify any executors or administrators who have notjoined in the Petition for Adjudication and Statement of Proposed Distribution and state reason: Not applicable. Is this the first accounting by this fiduciary? . . . . . . . . . . . . . . . . . . . . . Yes M No If not, identify prior accountings,the accounting periods covered, and the date of adjudication of the prior accounting. 2. Decedent died on 02/27/2012 Letters Testamentary or E]Letters of Administration were granted to Petitioner(s) on 03/22/2012 Date of Will (ifapplicable): 11/04/2011 Date(s) ofCodicil(s) (if applicable): Date of probate (f different from date Letters granted): Was a bond required?E]Yes [Z]No If yes, state amount: Are proofs of advertising of the grant of Letters attached? . . . . . . . . . 0 Yes El No Dates of advertising of the grant of Letters: The Sentinel-3/19/14, 3/26/14 and 4/2/14 Cumberland Law Journal - 3/28/14, 4/4/14 and 4/11/14 Form oC-01 rev. 10,13.06 Page 2 of 10 Estate of VERNA H. SHULTZ Deceased 3. Was decedent survived by a spouse? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ©Yes [z]No If yes, name of the surviving spouse: 4. Has the surviving spouse filed to take an elective share? . . . . . . . . . . . . . ❑Yes ©No (See Section 2201 et sue. of the Probate, Estates and Fiduciaries Code) If yes, date of election: 5. In the case of an intestacy, state the names of the decedent's surviving children or surviving issue of deceased children (if none, so state): None. 6. Did decedent marry after execution of Will or Codicil(s)? . . . . . . . . . . . [7- Yes ® No Were any children born to decedent after execution of Will or Codicil(s)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ®Yes M No If yes, give names and dates of birth: Name: Date of Birth: 7. If required by the Medical Assistance Estate Recovery Act, 62 P.S. § 1412, was a request for a statement of claim sent to the Department of Public Welfare? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . MYes r No Form OC-01 rev.10.13.06 Page 3 of 10 Estate of VERNA H. SHULTZ Deceased 8. Written notice of the Audit as required by Pa. O.C. Rules 6.3, 6.7 and 6.8 has been or will be given to all parties in interest listed in item 9 below, all unpaid creditors and all claimants listed in item 10 below. In addition, notice of any questions requiring Adjudication as discussed in item 14 below has been or will be given to all persons affected thereby. A. If Notice has been given, attach a copy of the Notice as well as a list of the names and addresses of the parties receiving such Notice. B. If Notice is yet to be given, a copy of the Notice as well as a list of the names and addresses of the parties receiving such Notice shall be submitted at the Audit together with a statement executed by a'Petitioner or counsel certifying that such notice has been given. C. If any person entitled to Notice is not sui juris (e.g., minors or incapacitated persons), Notice of the Audit has been or will be given to the appropriate representative on such party's behalf as required by Pa. O.C. Rule 5.2. D. If any charitable interest is involved, Notice of the Audit has been or will also be given to the Attorney General as required under Pa. O.C. Rule 5.5. In addition, the Attorney General's clearance certificate (or proof of service of Notice and a copy of such Notice) must be submitted herewith or at the Audit. 9. List all parties (charitable and non-charitable) of whom Petitioner(s) has/have notice or knowledge, having or claiming any interest in the estate as beneficiaries under the Will or Codicil(s) or as intestate heirs if there is a complete or partial intestacy: A. State each party's relationship to the decedent and the nature of each party's interest(s): Name and Address o/Each Parry in Interest I Relationship and Comments,trany I Interest Nancy S. Miller Daughter 50%of residue 564 Hillcrest Drive Per Item Two of Will Carlisle, PA 17015 Judy S. Hunt Daughter 50%of residue 713 Turkey Oak Lane Per Item Two of Will Naples, FL 34108 Form OC-01 rev. 10.13.06 Page 4 of 10 Estate of VERNA H. SHULTZ Deceased Name and Address of Each Party in Interest I Relationship and Comments,ifan I Interest F&M Trust Trustee ofTUW f/b/o Per Item Five of Will P.O. Box 6010 Nancy S. Miller and 20 South Main Street Judy S. Hunt Chambersburg, PA 17201 B. Identify each party who is not sui juris (e.g., minors or incapacitated persons). For each such party, give date of birth,the name of each Guardian and how each Guardian was appointed. if no Guardian has been appointed, identify the next of kin of such party, giving the name, address and relationship of each. C. State why a Petition for Guardian/Trustee Ad Litem has or has not been filed for this Audit (see Pa. O.C. Rule 12.9). D. If distribution is to be made to the personal representative of a deceased party, state date of death, date and place of grant of Letters and type of Letters granted. Form OC-01 rev.10.13.06 Page 5 of 10 Estate of VERNA H. SHULTZ Deceased 10. Other than the claim for the family exemption, list the names of all known claimants and the amount of their claims and state whether each claim is admitted. Name and Address of Each Claimant I Amount of Claim Claim I Will Claim AdmiOed? Be Paid In Full? E]Yes rl Yes MNo [-]No MYes F1 Yes MNo 0 N E]Yes El Yes 0No MNo E]Yes MYes MNo F1 No If the estate is insolvent, attach a schedule setting forth the order of preference under 20 Pa.C.S. § 3392 and the proposed payments. 11. Was family exemption claimed? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DYes MNo Was family exemption allowed? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E]Yes ®No Family exemption claimant's name and relationship: Name: Relathmship: Farm OC-0I rev./0.!3.06 Page 6 of 10 Estate of VERNA H. SHULTZ Deceased 12. The amount of Pennsylvania Transfer Inheritance Tax and additional Pennsylvania Estate Tax paid, the date(s) of payment(s), and the interest(s) upon which paid, are as follows: Date Payment Interest 05/24/2012 175,000.00 None 11/23/2012 24,741.69 None 13. On the date of death, was the decedent a fiduciary (personal representative, trustee, guardian, agent under power of attorney) or surety on the bond of a fiduciary? . . . . . . . . . . . . . . . . . . . ®Yes M No If yes, provide the name of the estate, indicate whether an account has been filed and confirmed absolutely and all awards performed, or, in the alternative, how the decedent's estate will be discharged for the decedent's fiduciary administration of the estate. 14. A. Describe in detail any questions requiring adjudication and state the position of the Petitioner(s) as to each question: B. Has notice of the question requiring adjudication been given to the parties identified in Paragraph 9 above? . . . . . . . . . . . . . . . . . . [-]Yes 0 No 15, If Petitioner(s) has/have knowledge that a share has been assigned, renounced, disclaimed or attached, provide a copy of the assignment, renunciation, disclaimer or attachment, together with any relevant supporting documentation. Form OC-01 rev. 10.13.06 Page 7 of 10 Estate of VERNA H. SHULTZ Deceased 16. Had the decedent been adjudicated an incapacitated person? . . . . . . . . . . ® Yes No If yes, attach a copy of the Order if available; otherwise state the Court, term, number, date, and name of Hearing Judge. 17. A. List or attach a separate list of additional receipts and disbursements since the closing date of the Account. B. Has notice of the additional receipts and disbursements been given to the parties identified in Paragraph 9 above? . . . . . . . . . . . . . M Yes 0 No 18. If a reserve is requested, state amount and purpose. Amour. 64,192.50 P`POS.: Register of Wills, filing fee- $500; additional closing costs and expenses - $5,000; Martson Law Offices, balance of attorneys' fee - $44,712.50; F&M Trust, balance of executor's fee- $13,725; F&M Trust, 2014 fiduciary tax preparation fee- $255 If a reserve is requested for counsel fees, has notice of the amount of fees to be paid from the reserve been given to the parties in interest? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ®Yes EJNo If so, attach a copy of the notice. 19. Is the Court being asked to direct the filing of a Schedule of Distribution? . . . . . . . . . . . . . . . . . . . . . . . . . . ®✓ Yes 0No As to real estate only? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DYes E]No Form OC-01 rev./0./3.06 Page 8 of 10 Estate of VERNA H. SHULTZ Deceased Wherefore, your Petitioner(s) ask(s)that distribution be awarded to the parties entitled and suggest(s)that the distributive shares of income and principal (residuary shares being stated in proportions, not amounts) are as follows: A. Income: ProposedDistributee(s) AmountlProportion B. Principal: Proposed Distributee(s) AmounbProportion Verna Shultz TUW FBO Nancy S. Miller 50%of residue Verna Shultz TUW FBO Judy S. Hunt 50%of residue Submitted By: (All petitioners must sign. Add additional lines if necessary): / >4V Name of Petitioner: armers and Merchants Trust Co Name of Petitioner: Form OC-01 rev. 10.13.06 Page 9 of 10 Estate of VERNA H. SHULTZ Deceased Verification of Petitioner (Verification must be by at least one petitioner.) The undersigned hereby verifies * [that neisne he is ese Vice President of the above-named name ofcorporation Farmers and Merchants Trust Co. and] that the facts set forth in the foregoing Petition for Adjudication/Statement of Proposed Distribution which are within the personal knowledge of the Petitioner are true, and as to facts based on the information of others, the Petitioner, after diligent inquiry, believes them to be true; and that any false statements herein are made subject to the penalties of 18 Pa. C.S. § 4904 (relating to unsworn falsification to authorities). Signabbre of Petition r *Corporate petitioners must complete bracketed information. Certification of Counsel The undersigned counsel hereby certifies that the foregoing Petition for Adjudication/ Statement of Proposed Distribution is a true and accurate reproduction of the form Petition authorized by the Supreme Court, and that no changes to the form have been made beyond the responses herein. Signature of Counsel for Petitioner Form oC-01 rev.!0.!3.06 Page 10 of 10 PROOF OF PUBLICATION State of Pennsylvania, County of Cumberland Patrick Doane, Production Director, of The Sentinel, of the County and State aforesaid, being duly sworn, deposes and says that THE SENTINEL, a newspaper of general circulation in the Borough of Carlisle, County and State aforesaid, was established December 13th,1881, since which date THE SENTINEL has been regularly issued in said County, and that the printed notice or publication attached hereto is exactly the same as was printed and published in the regular editions and issues of THE SENTINEL on the following day(s): March 19 and March 26 and April 2, 2014. COPY OF NOTICE OF PUBLICATION ST NOTICE. otters Testamentary on the Estate of VERNA H.SHULTZ,late ofthe. Borough of Carlisle,Cumberland County,Pennsylvania,deceased,hevd been granted to me undersigned. Affiant further deposes that he/she is not All persons knowing themselves to be Indebted to said Estate will make interested in the subject matter of the Payment immediately,and those having claims will present them for settlement to: aforesaid notice or advertisement, and that FaM Trust company,Executor all allegations in the foregoing statement as CIO SON LAW OFFICES I 10 East High Street to time, place and character of publication Carlisle,PA 17013 No ,Attorneys Ill,Esquire — are tr �MARTSON.LAW OFFICES ANOmeys Sworn to and subscribed before me this 0,1 1 6041111 Notar P blic My commission expires: COMMONWEALTH OF PENNSYLVANIA Notarial SoelN Pub IC Bethany M.Holtry, Carlisle Bore,Cumberland� County MY Cpmmissbn Fxp 26,2015 MEMBER,PENNSYLVANIA ASSOQATION Ot NOTARIES PROOF OF PUBLICATION OF NOTICE IN CUMBERLAND LAW JOURNAL (Under Act No. 587, approved May 16, 1929), P. L.1784 COMMONWEALTH OF PENNSYLVANIA : SS. COUNTY OF CUMBERLAND Lisa Marie Coyne, Esquire, Editor of the Cumberland Law Journal, of the County and State aforesaid, being duly sworn, according to law, deposes and says that the Cumberland Law Journal, a legal periodical published in the Borough of Carlisle in the County and State aforesaid, was established January 2, 1952, and designated by the local courts as the official legal periodical for the publication of all legal notices, and has, since January 2, 1952, been regularly issued weekly in the said County, and that the printed notice or publication attached hereto is exactly the same as was printed in the regular editions and issues of the said Cumberland Law Journal on the following dates, viz: March 28, April 4, and April 11, 2014 Affiant further deposes that he is authorized to verify this statement by the Cumberland Law Journal, a legal periodical of general circulation, and that he is not interested in the subject matter of the aforesaid notice or advertisement, and that all allegations in the foregoing statements as to time, place and character of publication are true. isa Marie Coyne, Pitor SWORN TO AND SUBSCRIBED before me this 11 day of April, 2014 Notary Shultz,Verna H., dec'd. ' Late of the Borough of Carlisle. Executor: F&M Trust Company NOTARIAL SEAL C/O Martson Law Offices, 10 East DEBORAH A COLLINS High Street, Carlisle, PA 17013. Notary Public Attorneys:Iva V.Otto,III,Esquire, Manson Law Offices. CARLISLE BOROUGH,CUMBERLAND COUNTY -- - - My commission Expires Apr 28,2014 MARTSON DEARDORFF WILLIAMS OTTO GILROY & FALLER MARTS ON 1 O N WILLIAM F.MARISON GEORGE B.FAT I FR JA.* V Jowv B.FOWLER III DAVID A.Fu7swoNs DANIEL K.DEARDORFFt CHRISTOPHER E.RICE LAW OFFICES THo.%As J.WILUAMs* SETH T.MOSEBEY No V.O TO III KArIE J.MAXWELL 10 EAST HIGH STREET HuRERT X.GILROY AARON S.HAYNES CARLISLE,PENNSYLVANIA 17013 'BouO CetatPteO CmL TtunL srecuusr TELEPHONE (717) 243-3341 tBOAEO CEMPI.WO.M'COMPENMnON$PEC.A FACSIMILE (717)243-1850 INTERNET Wwamattsonlawcom September 11, 2014 Ms.Nancy S. Miller Ms. Judy S. Hunt 564 Hillcrest Drive 713 Turkey Oak Lane Carlisle, PA 17015 Naples, FL 34108 RE: Estate of Verna H. Shultz Our File No. 5540.2 Dear Ms. Miller and Ms. Hunt: Enclosed is a Notice of Filing First and Final Account and Petition for Adjudication/Statement of Proposed Distribution and Call for Audit or Confirmation and a copy of the First and Final Account and Petition of Farmers and Merchants Trust Company, Executor of the Estate of Verna H. Shultz. As stated on the Notice, the Account will be presented for confirmation in Court Room No. 1 of the Cumberland County Courthouse, Carlisle, PA, at 9:30 a.m. on Tuesday, October 14, 2014. Please contact our office should you have any questions or concerns. Very truly yours, ( �MARTSON LAW OFFICES Melissa A. Scholly Estates Paralegal Enclosures cc: Mr. David C. Gority, F&M Bank, Executor (w/enc.) F.TILES\Cim,\5540 Shultz\5540.3 VHS ESTAT035401..c,.c w,..lu.wpd - INFORMATION • ADVICE • ADVOCACY SM F:\FILES\Clients\5540 Shuln\55402 VHS ESTATE\5540.2.accaunLmtice Wd IN RE: : IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY,PENNSYLVANIA ESTATE OF VERNA H. SHULTZ, DECEASED ORPHANS' COURT DIVISION NO. 21-12-00348 NOTICE OF FILING FIRST AND FINAL ACCOUNT AND PETITION FOR ADJUDICATION/SCHEDULE OF PROPOSED DISTRIBUTION AND CALL FOR AUDIT OR CONFIRMATION NOTICE IS HEREBY GIVEN that Farmers and Merchants Trust Company, Executor of the Estate of Verna H. Shultz, deceased, has this date Fled the First and Final Account and Petition for Adjudication/Schedule of Proposed Distribution in the above-captioned Estate in the Office of the Clerk of the Orphans' Court in and for Cumberland County, Pennsylvania, where the same is filed as public record and may be inspected. Copies of the Account and Petition are enclosed for your information. YOU ARE FURTHER NOTIFIED that any exceptions or objections to said Account or Petition must be filed in writing at the office of the Clerk of the Orphans' Court, Cumberland County Courthouse, Carlisle, PA 17013, aforesaid prior to the confirmation of said Account and Schedule of Proposed Distribution scheduled as set forth below. UNLESS written exceptions or objections are filed priorthereto,said Account will be presented by the Clerk of the Orphans' Court to the above-captioned Court in Court Room No. 1 (the courtroom is subject to change) of the Cumberland County Courthouse, Carlisle, Pennsylvania, at 9:30 a.m. prevailing time, on Tuesday, October 14, 2014, at which time said Account will be confirmed and distribution ordered in accordance with the Petition for Adjudication/Schedule of Proposed Distribution. RTS N LAW OFFICES By: No V. Otto 1II, Esquire 10 East High Street Carlisle, PA 17013 (717) 243-3341 n I l ' Attorney for Estate of Verna H. Shultz Date of Notice: "t NOTICES TO: Ms. Nancy S. Miller 564 Hillcrest Drive Carlisle, PA 17015 Ms. Judy S. Hunt 713 Turkey Oak Lane Naples, FL 34108 c� q 16 Z3, IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PA ORPHANS' COURT DIVISION FILE NO. 2012 00348 FIRST AND FINAL ACCOUNT OF FARMERS AND MERCHANTS TRUST CO. EXECUTORS FOR THE ESTATE OF VERNA H. SHULTZ, DECEASED Date of Death: February 27, 2012 Date of Executor's Appointment: March 22, 2012 Date of First Complete Advertisement: March 19, 2014 Accounting for the Period: February 27, 2012 to August 6, 2014 Purpose of Account: Farmers and Merchants Trust Company Executors, offer this account to acquaint interested parties with the transactions that have occurred during its administration. The account also indicates the proposed distribution of the Estate. H It is important that the account be carefully examined. Requests for Rz o J, rn M additional information or questions can be discussed with r—' n M F'_' ni m % 0 0 Heather C. Hershey No V. Otto, III Estate Administration Officer Martson Deardorff Williams& Otto - ti rr— M Farmers and Merchants Trust Company Law Offices � Co 0 P.O. Box 6010 10 E. High Street o T 20 South Main Street Carlisle PA, 17013-3015 Chambersburg, PA 17201 Phone: (717) 243-3341 Phone: (717)264-6116 SUMMARY OF ACCOUNT Page Proposed Distribution to Beneficiaries 16 $ 1,943,894.35 Principal Receipts 1-2 $ 4,693,21191 Net Gain on Sales or Other Dispositions 3-7 16,795.96 Less Disbursements: Funeral Expenses 8 $ 4,089.36 Debts of the Decedent 8 286.06 Administration Expenses 8-9 81,418.79 Federal and State Taxes 9 210,464.04 Fees and Commissions 9 178,537.50 474,795.75 Balance Before Distribution $ 4,235,214.12 Advance Distribution to Beneficiary 10-11 2,298,456.37 Principal Balance on Hand 11 $ 1,936,757.75 For Information: Changes in Investment Holdings Income Receipts 14-15 $ 129,928.89 Less Disbursements 15 18,193.49 Balance Before Distribution $ 111,735.40 Advance Distribution to Beneficiaries 15 104,598.80 Income Balance on Hand 15 $ 7,136.60 Combined Balance on Hand: 16 $ 1,943,894.35 RECEIPTS OF PRINCIPAL 2097 Ritner Highway, Real Estate $ 550,000.00 Adjustments to basis for improvements $ 24,960.17 76 Bears Road, West Pennsboro Township, Real Estate $ 775,000,00 Garland Drive, Real Estate $ 38,000.00 South Hanover Street, Real Estate $ 23,000.00 U.S. Savings Bond Series HH 4.0% 1/01/22 $ 1,000.00 Matthew& Amy Miller, Mtg 4,27% 10/9/33, Note Receivable $ 158,739.56 22,769.41 shares Blackrock Penn Muni Bond Fund Inst. $ 262,303.60 2,641.31 shares IVY Mid Cap Growth Fund 490 $ 50,607.50 1,857,355 shares Thornburg International Value 1209 $ 50,798.66 56,041.87 shares SEI Tax Exempt PA Muni Bond Fund 824 $ 613,098.06 300 shares Darden Restaurants Inc. $ 14,745.00 100 shares Family Dollar Stores Inc $ 5,403.75 264 shares McDonalds Corp. $ 26,432,34 200 shares Wal-Mart Stores Inc. $ 11,707.00 404 shares Acco Brands Corp, $ 4,882.34 1,720 shares Beam Inc. $ 94,617.20 Accrued Dividend $ 352.60 575 shares Coca-Cola Company $ 39,537.00 800 shares General Mills $ 30,464.00 400 shares Hershey Company $ 24,250 00 Accrrued Dividend $ 152.00 100 shares Kellogg Co. Com $ 5,272.00 200 shares Pepsico Inc. $ 12,680.00 400 Sara Lee Corp. $ 8,076.00 200 WD40 Co. $ 8,608.00 1,118 shares Anadarko Petroleum Corp. $ 96,936.19 1,600 shares Exxon Mobil Corp. $ 139,688.00 Accrued Dividend $ 752.00 282 shares Marathon Oil Corp. $ 9,847.24 Accrued Dividend $ 47.94 141 shares Marathon Petroleum Corp. $ 6,015.06 Accrued Dividend $ 35.25 217 shares Spectra Energy Corp. $ 6,856,12 Accrued Dividend $ 60.76 826 shares ACNB Corp. $ 12,080.25 9,504 shares Bank of New York Mellon Corp. $ 206,688,24 363 shares Capital One Financial Common Stock $ 17,937.65 1,040 shares JP Morgan Chase& Company $ 40,050.40 1,645 shares M&T Bank Corp $ 134,330.70 1,312 shares SLM Corp. Com $ 21,096.96 400 shares Bristol Myers Squibb Co. $ 13,022.24 10 shares CEL SCI Corp. $ 4.20 88 shares Medco Health Solutions, Inc. $ 5,907.44 739 shares Merck & Co. Inc. New $ 28,115.26 1,988 shares Pfizer Inc. $ 41,867.28 Accrued Dividend $ 437,36 200 shares Boeing Co. $ 15,079.00 1 RECEIPTS OF PRINCIPAL, CONTINUED 1,500 shares Fortune Brands Home and Security Inc. $ 29,085.00 Accrued Dividend $ 88.00 2,150 shares General Electric Co. $ 41,158.53 Accrued Dividend $ 365.50 744 shares Union Pacific Corp. $ 84,202.20 800 shares United Technologies Corp. $ 66,760.00 Accrued Dividend $ 384.00 100 shares International Business Machines $ 19,740.50 Accrued Dividend $ 75.00 600 shares Ashland Inc. $ 37,923.00 Accrued Dividend $ 105.00 1,060 shares AT&T Inc. $ 32,181.60 100 shares Consolidated Edison Inc. $ 5,861.50 Accrued Dividend $ 60.50 198 shares Dominion Res Inc. Va New $ 10,143.54 434 shares Duke Energy Corp New $ 9,129 19 Accrued Dividend $ 108.50 800 shares Exelon Corp. $ 31,320.00 Accrued Dividend $ 420.00 1,024 shares Nextera Energy Inc. $ 62,182.40 3,578 shares PPL Corp. $ 103,243.19 1,135 shares Progress Energy Inc. $ 60,722.50 Accrued Dividend $ 703.70 2,448 shares SPDR Dividend ETF $ 136,870.86 03/23/12 F&M Trust TUA Money Market, principal date of death balance $ 237,759.67 03/23/12 F&M Trust TUA Money Market, income date of death balance $ 20,783.33 04124/12 Cumberland County Retirement less 20%withholding $ 212.45 05/07112 PA Bureau of Unclaimed Property, DNP Select Income Fund, dividend $ 32.50 05/07/12 PA Bureau of Unclaimed Property, Sara Lee Corporation, dividend $ 29.00 05116/12 Guy Shultz TUW, final income payout $ 10,094.45 06118/12 M&T Bank checking account, Date of Death balance $ 56,201.49 06/18/12 Accrued Interest $ 0.09 03/27/12 Prescription Drug Plan, premium refund $ 122.03 03/28/12 Chapel Pointe at Carlisle, refund $ 726.49 04/04/12 USI Affinity, premium refund of dental plan $ 2226 04/12/12 Chapel Pointe, PCA balance $ 50.03 05/11112 Ewing Funeral Home, refund $ 70.00 05/20/12 Goodville Mutual Casualty Company, refund of policy on 76 Bears Rd $ 76.00 06/06/12 Goodville Mutual Casulaty Company, refund of policy on 76 Bears Rd $ 1,216.00 06/07/12 Matthew and Amy Miller, fee for statisfaction of mortgage $ 50,50 12/19/12 PA Department of Revenue, 2011 tax refund $ 429.09 05/10/13 Reimbursement of School taxes on sale of 76 Bears Road $ 375.73 05/10/13 Reimbursement of County taxes on sale of 76 Bears Road $ 385.54 09/26113 Highmark BlueShield, refund of premium $ 180.73 TOTAL RECEIPTS OF PRINCIPAL $ 4,693,213.91 2 GAINS AND LOSSES ON SALE OR OTHER DISPOSITIONS Gain Loss 03/22/12 Sold 100 shares Family Dollar Store Inc. Sale Proceeds $ 5,695.90 Fiduciary Acquisition Value 5,403.75 $ 292.15 03/22/12 Sold 404 shares Acco Brands Corp. Sale Proceeds $ 4,929.03 Fiduciary Acquisition Value 4,882.34 $ 46,69 03/22112 Sold 1,720 shares Beam Inc. Sale Proceeds $100,016.36 Fiduciary Acquisition Value 94,617,20 $ 5,399.16 03/22/12 Sold 400 shares Hershey Company Sale Proceeds $ 24,131.60 Fiduciary Acquisition Value 24,250.00 $ 118.40 03/22/12 Sold 400 shares Sara Lee Corp Sale Proceeds $ 8,603.88 Fiduciary Acquisition Value 8,076.00 $ 527.88 03/22/12 Sold 200 shares WD40 Co. Sale Proceeds $ 8,795.86 Fiduciary Acquisition Value 8,608.00 $ 187.86 03/22/12 Sold 826 shares ACNB Corp. Sale Proceeds $ 11,770.86 Fiduciary Acquisition Value 12,08015 $ 309.39 03/22112 Sold 363 shares Capital One Financial Common Stock Sale Proceeds $ 19,620.87 Fiduciary Acquisition Value 17,937.65 $ 1,683.22 03/22/12 Sold 1,312 shares SLM Corp Com Sale Proceeds $ 20,992.12 Fiduciary Acquisition Value 21,096.96 $ 104.84 3 GAINS AND LOSSES ON SALE OR OTHER DISPOSITIONS Gain Loss 03/22112 Sold 200 shares Boeing Co. Sale Proceeds $ 14,721.75 Fiduciary Acquisition Value 15,079.00 $ 357.25 03/22/12 Sold 1,500 shares Fortune Brands Home and Security Inc. Sale Proceeds $ 31,829.52 Fiduciary Acquisition Value 29,085.00 $ 2,744.52 03/22/12 Sold 800 shares United Technologies Corp. Sale Proceeds $ 65,606.89 Fiduciary Acquisition Value 66,780.00 $ 1,173.11 03/22/12 Sold 100 shares Consolidated Edison Inc. Sale Proceeds $ 5,692.90 Fiduciary Acquisition Value 5,861.50 $ 168.60 03/22/12 Sold 198 shares Dominion Res Inc. Va New Sale Proceeds $ 9,947.08 Fiduciary Acquisition Value 10,143.54 $ 196.46 03/22/12 Sold 1,135 shares Progress Energy Inc. Sale Proceeds $ 59,609.19 Fiduciary Acquisition Value 60.722.50 $ 1,113.31 03/22/12 Sold 2,448 shares SPDR S&P Dividend ETF Sale Proceeds $137,012.33 Fiduciary Acquisition Value 136,870.86 $ 141.47 04/04/12 Sold 88 shares Medco Health Solutions Inc. Sale Proceeds $ 2,534.40 Fiduciary Acquisition Value 0.01 $ 2,534.39 04/11/12 Sold .28 shares Express Scripts Holdings Co. Sale Proceeds $ 15.84 Fiduciary Acquisition Value 23.21 $ 7.37 4 GAINS AND LOSSES ON SALE OR OTHER DISPOSITIONS Gain Loss 05/18/12 Sold 56,041.87 shares SEI Tax Exempt PA Muni Bd Fd 824 Sale Proceeds $615,900.15 Fiduciary Acquisition Value 613,098.06 $ 2,802.09 05/18/12 Sold 434 shares Duke Energy Corp. New Sale Proceeds $ 9,311.51 Fiduciary Acquisition Value 9,129.19 $ 182.32 08/21/12 Sold 150 shares Coca Cola Company Sale Proceeds $ 5,889.37 Fiduciary Acquisition Value 5,157,00 $ 732.37 08/21/12 Sold 100 shares Kellogg Co Com Sale Proceeds $ 5,131.88 Fiduciary Acquisition Value 5,272.00 $ 140.12 08/21/12 Sold 118 shares Anadarko Petroleum Corp. Sale Proceeds $ 8,207.04 Fiduciary Acquisition Value 10,231.19 $ 2,024.15 08/21112 Sold 282 shares Marathon Oil Corp. Sale Proceeds S 7,681.71 Fiduciary Acquisition Value 9,847.24 $ 2,165.53 08/21/12 Sold 141 shares Marathon Petroleum Corp. Sale Proceeds $ 6,961.21 Fiduciary Acquisition Value 6,015.06 $ 946.15 08/21/12 Sold 217 shares Spectra Energy Corp. Sale Proceeds S 6,316.96 Fiduciary Acquisition Value 6,856.12 $ 539.16 08/21/12 Sold 1,504 shares Bank of New York Mellon Corp. Sale Proceeds $ 34,410.75 Fiduciary Acquisition Value 32,708.24 $ 1,702.51 5 GAINS AND LOSSES ON SALE OR OTHER DISPOSITIONS Gain Loss 08/21112 Sold 40 share JP Morgan Chase&Company Sale Proceeds $ 1,502.37 Fiduciary Acquisition Value 1,540.40 $ 38.03 08/21/12 Sold 1,645 shares M&T Bank Corp. Sale Proceeds $143,899.47 Fiduciary Acquisition Value 134,330.70 $ 9,568.77 08/21/12 Sold 71 shares Express Scripts Holdings Co. Sale Proceeds $ 4,297.94 Fiduciary Acquisition Value 5,884.22 $ 1,586.28 058/21/12 Sold 88 shares Pfizer Inc. Sale Proceeds $ 2,061.07 Fiduciary Acquisition Value 1,853.28 $ 207.79 08/21/12 Sold 150 shares General Electric Co. Sale Proceeds $ 3,117.43 Fiduciary Acquisition Value 2,871.53 $ 245.90 08/21/12 Sold 44 shares Union Pacific Corp Sale Proceeds $ 5,478.48 Fiduciary Acquisition Value 4,979.70 $ 498.78 08/21/12 Sold 60 shares AT&T Inc. Sale Proceeds $ 2,170.35 Fiduciary Acquisition Value 1,821.60 $ 348.75 08/21/12 Sold 24 share Nextera Energy Inc. Sale Proceeds $ 1,621.00 Fiduciary Acquisition Value 1,457.40 $ 163.60 08/21/12 Sold 578 shares PPL Corp. Sale Proceeds $ 16,987.94 Fiduciary Acquisition Value 16,678.19 $ 309.75 6 GAINS AND LOSSES ON SALE OR OTHER DISPOSITIONS Gain Loss 04/19/13 Sold 10 shares CEL SCI Corp. Sale Proceeds $ 2.26 Fiduciary Acquisition Value 4.20 $ 1.94 05/10/13 Sold 76 Bears Raod, West Pennsboro Twp Sale Proceeds $775,000.00 Fiduciary Acquisition Value 775,000.00 $0.00 03/14/14 Sold 8,196.721 shares Blackrock Penn Muni Bond Fund Sale Proceeds $ 90,000.00 Fiduciary Acquisition Value 94,426.22 $4,426.22 05/08/14 Principal Paydown Received on Donald &Jamie Jones 4% Mtg dtd 517/13 Sale Proceeds $ 8,790.24 fiducairy Acuisition Value 8,790.24 Gain $31,266.12 Less Loss $14,470.16 Net Gain $16,795.96 7 DISBURSEMENTS OF PRINCIPAL Funeral Expense 03/27/12 Ewing Brothers Funeral Home Inc., funeral services $ 4,089.36 Debts cf Decedent 03/27112 Millennium Pharmacy Systems Inc, medications 113112-2/27112 $ 145.03 03/27/12 Pinker& Associates, Debride nails 1/27112 $ 41.66 04/09/12 Three Springs Family Practice, service 1/26-2/22/12 $ 41.38 05/23/12 Millennium Pharmacy Systems Inc, RX on 2121-2122/12 $ 1.03 09126112 Alpha Diagnostics LLC, services 2122/12 $ 56.96 Administration Expenses 03/21/12 Register of Wills, Cumberland County, Probate Costs $ 2,143.50 03/27/12 Stardust Self Storage Rentals, rental fee $ 47.70 03127/12 Goodville Mutual Casualty Co., insurance on 76 Bears Road $ 1,766.00 04110112 Estate Valuation Systems, value assets held on date of death $ 75.95 04/10/12 Goodville Mutual Casualty Co., insurance premium $ 319.00 04/20/12 Deborah W. Piper, tax collector, 76 Bears Road $ 524.32 04/20/12 George T. Hicks, Jr., tax collector-S. Hanover St. property $ 318.06 04/20/12 Deborah W. Piper, tax collector, 2097 Ritner Highway property $ 566.84 04/20/12 George T. Hicks, Jr., tax collector-Garland Drive property $ 195.54 04/20/12 George T. Hicks, Jr. tax collector-per capita tax 2011 $ 4.90 06/06712 Register of Wills, Cumberland County, Fee for short certificate $ 4,00 06/06/12 Larry E. Foote, Appraisal of Real Estate $ 1,900,00 06/06112 SW Barrett Real Estate&Appraisal Service,Appraisal of Real Estate $ 3,035.00 06/07/12 Recorder of Deeds, Fee to satisfy mortgage-Matthew and Amy Miller $ 50.50 06/14/12 Register of Wills, Cumberland County, Fee for short certificate $ 12.00 07/09/12 Blue Rock Flood Services, flood certification for real estate parcels $ 7200. 08/20/12 George T. Hicks, Jr. tax collector-School tax S. Hanover St. $ 771,03 08/20/12 George T. Hicks, Jr., tax collector-Garland Drive property $ 474.02 11/08/12 Lee McNair, lawn care 4/3-10/11112 $ 440.00 11/23/12 Register of Wills, additipnet probate fees and Inheritance Tax filing Fee $ 465.00 12/06112 Transfer from principal to income $ 5,285.31 12/18/12 Computershare, bond premium for lost certificate $ 20.00 12/21/12 Computershare, fee to convert shares due to 1 for 10 reverse split $ 25.00 01/08/13 Brehm-Lebo Engineering Inc., boundry and surveying for 76 Bears Road s 135.01 02/05/13 Brehm-Lebo Engineering Inc., boundry and surveying for 76 Bears Road $ 753.34 02/12/13 Register of Wills, Cumberland County, fee for Short Certificate $ 5.00 03/19/13 Goodville Mutual Casualty Co., Garland Ave. liability policy $ 105.00 04/22113 Carlisle Borough, tax collector, school tax S. Hanover St. $ 345.85 04/22/13 Carlisle Borough, tax collector, school tax Garland Drive $ 212.62 05/10/13 Realty Transfer tax on sale of 76 Bears Road $ 7,750.00 07/08113 John Gleim, Jr. clearing of fence row Q 2097 Ritner Highway $ 12,500.00 08120/13 Deborah W. Piper, tax collector, taxes 2097 Ritner Highway $ 2,981.89 08/20/13 Carlisle Borough, tax collector, S. Hanover St. $ 785.69 08120/13 Carlisle Borough, tax collector, Garland Drive $ 483.02 8 Administration Expenses, continued 09110/13 Pro Fence, LLC, electrified fencing and gate at 2097 Ritner Highway $ 8,988.67 10/15/13 Lee McNair, lawn care April to October 2013 $ 320.00 10/16/13 PPL Electric Utilities, temporary installation of electricity $ 380.00 10/17/13 Rosenberry Septic Services, removal and installation of new septic tank at $ 3,471.50 2097 Ritner Highway 10/29113 Cale Electric Inc., install 100 amp temporary service-2097 Ritner Highway $ 783.75 11/21/13 Brehm-Lebo Engineering Inc., boundry, staking &final plans for 76 Bears Rd $ 15,493.30 03/07114 Goodville Mutual Casualty Co., premium 2097 Ritner Highway $ 492.00 03/14/14 Goodville Mutual Casualty Co., premium 2097 Ritner Highway $ 130.50 03114/14 Goodville Mutual Casualty Co., premium S. Hanover St. &Garland Drive $ 104.50 04/21/14 Charles Holtry, Tax Collector-Carlisle School Taxes on South Hanover St $ 349.84 04121/14 Charles Holtry, Tax Collector-Carlisle School Taxes on Garland Drive $ 215.07 04/21/14 Deborah W. Piper, tax collector, taxes 2097 Ritner Highway $ 616.57 RESERVE Register of Wills Cumberland County, fee to file First and Final Accounting $ 500.00 RESERVE Additonal closing costs and expenses $ 5,000.00 Federal and State Taxes 05/24112 Register of Wills, prepayment of PA Inheritance tax $ 175,000.00 10/12112 PA Department of Revenue, balance due 2011 PA40 tax return $ 2,382.00 11/23/12 Register of Wills, balance due on PA Inheritance tax $ 24,741.69 04/05113 PA Department of Revenue,balance due final PA40 $ 614.00 04/12/13 United States Treasury, balance due 2012 1041 tax return $ 668.00 04/12/13 PA Department of Revenue, balance due 2012 PA41 tax return $ 640.00 10/12/13 United States Treasury, balance due 2011-1040 personal tax return $ 6,320.00 10/16/13 United States Treasury, additional taxes 2011 personal tax return $ 98.35 Fees and Commissions 11/05/12 Boyer& Ritter, preparation of 2011 Federal and state personal tax returns $ 700.00 11/07/12 Farmers& Merchants Trust Company, partial payment of Executor fee $ 54,000.00 11/29/12 Martson Deardorff Williams&Otto, partial payment of Attorney fee $ 8,000.00 04/24/13 Boyer& Ritter, preparation of 2012 Federal and state personal tax returns $ 490.00 05/20/13 Farmers& Merchants Trust Company, 2012 fiduciary tax prep fee $ 300.00 06/04/13 Martson Deardorff Williams&Otto, partial payment of Attorney fee $ 5,050.00 09/26/13 Martson Deardorff Williams&Otto, partial payment of Attorney fee $ 1,100.00 12/10/13 Farmers& Merchants Trust Company, partial payment of Executor fee $ 50,000.00 06/27/14 Farmers& Merchants Trust Company, 2013 fiduciary tax prep fee $ 205.00 RESERVE Martson Deardorff Williams &Otto, balance of Attorney fee $ 44,712.50 RESERVE Farmers& Merchants Trust Company, balance of Executor fee $ 13,725.00 RESERVE Farmers& Merchants Trust Company, 2014 fiduciary tax prep fee $ 255.00 TOTAL PRINCIPAL DISBURSEMENTS $ 474,795.75 9 ADVANCE DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES Verna H. Shultz TUW FBO Nancy S. Miller Cash $ 500,006.10 1,320.66 Ivy Mid Cap Growth Fud 490 $ 25,303.85 928.677 Thornburg International Value 1209 $ 25,399.32 150 Darden Restaurants Inc. $ 7,372.50 132 McDonalds Corp. $ 13,216.17 368 McDonalds Corp. $ 31,695.84 100 Wal-Mart Stores Inc. $ 5,853.50 500 Coca-Cola Company $ 17,190.00 400 General Mills $ 15,232.00 100 Pepsico Inc. $ 6,340.00 400 Pepsico Inc. $ 27,924.00 500 Anadarko Petroleum Corp. $ 43,352.50 800 Exxon Mobil Corp $ 69,844.00 4,000 Bank of New York Mellon Corp, $ 86,990.00 500 JP Morgan Chase & Company $ 19,255.00 100 Bristol Myers Squibb Co. $ 3,260.00 200 Bristol Myers Squibb Co. $ 6,511.12 130 Merck&Co. Inc. New $ 5,758.65 370 Merck& Co. Inc. New $ 14,076.65 950 Pfizer Inc. $ 20,007.00 1,000 Genral Electric Co. $ 19,143.50 350 Union Pacific Corp. $ 39,611.25 50 International Business Machines $ 9,616.50 50 International Business Machines $ 9,870.25 300 Ashland Inc. $ 16,961.50 500 AT&T Inc $ 15,180.00 100 Exelon Corp. $ 2,952.00 400 Exelon Corp. $ 15,660.00 500 Nextera energy Inc $ 30,362.50 1,500 PPL Corp. $ 43,282.50 Total $ 1,149,228.20 10 ADVANCE DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES Verna H. Shultz TUW FBO Judy S. Hunt Cash $ 500,000.00 1,320.65 Ivy Mid Cap Growth Fud 490 $ 25,303.65 928.678 Thornburg International Value 1209 $ 25,399.34 150 Darden Restaurants Inc. $ 7,372.50 368 McDonalds Corp. $ 31,695.84 132 McDonalds Corp. $ 13,216.17 100 Wal-Mart Stores Inc. $ 5,853.50 500 Coca-Cola Company $ 17,190.00 400 General Mills $ 15,232.00 100 Pepsico Inc. $ 6,340.00 400 Pepsico Inc. $ 27,924.00 500 Anadarko Petroleum Corp. $ 43,352.50 800 Exxon Mobil Corp $ 69,844.00 4,000 Bank of New York Mellon Corp. $ 86,990.00 500 JP Morgan Chase&Company $ 19,255.00 100 Bristol Myers Squibb Co. $ 3,260.00 200 Bristol Myers Squibb Co. $ 6,511.12 131 Merck &Co. Inc. New $ 5,802.94 369 Merck & Co. Inc. New $ 14,038.61 950 Pfizer Inc. $ 20,007.00 1,000 Genral Electric Co. $ 19,143.50 350 Union Pacific Corp. $ 39,61115 50 International Business Machines $ 9,616.50 50 International Business Machines $ 9,870.25 300 Ashland Inc. $ 18,961.50 500 AT&T Inc $ 15,180.00 100 Exelon Corp. $ 2,952.00 400 Exelon Corp. $ 15,660.00 500 Nextera energy Inc $ 30,362.50 1,500 PPL Corp. $ 43,282.50 Total $ 1,149,228.17 TOTAL ADVANCE DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES $ 2,298,456.37 PRINCIPAL BALANCE ON HAND $ 1,936,757.75 11 INFORMATION SCHEDULE-PRINCIPAL 2097 Ritner Highway 02/27/12 Appraised Value $ 550,000.00 07/08/13 Adjustment for improvement $ 12,500.00 09103/13 Adjustment for improvement $ 8,988.67 10/17/13 Adjustment for improvement $ 3,471.50 Adjusted Cost Value $ 574,960.17 Medco Health Solutions Inc. 02/27/12 88 shares, date of death value 5,907.44 04/04/12 Adjustment to cost due to merger (5,907.43) 88 shares carried at 0.01 04/04/12 88 shares sold (0.01) 0 $0.00 Express Scripts Holdings Co. 04/04/12 71.28 shares received from merger with $ 5,907.43 Medco Health Solutions Inc. 04/11/12 0.28 shares sold $ (23,21) 71 shares carried at $ 5,884.22 08/21/12 71 shares sold $ (5,88422) 0 $0.00 Coca-Cola Co 02/27/12 575 shares, date of death value $ 39,537.00 08/10/12 575 shares, received tfor 1 Stock Split $0.00 1,150 shares carried at $ 39,537.00 08/21/12 150 shares sold $ (5,157.00) 1,000 shares carried at $ 34,380.00 12 INFORMATION SCHEDULE-PRINCIPAL Matthew &Amy Miller Mtg. 4.27% 10/9/2033 02127112 Date of Death balance $ 158,739.56 03/28/12 Principal payment applied $ (372.06) 04/10/12 Principal payment applied $ (373.39) 05/08/12 Principal payment applied $ (374.71) 06/07/12 Payoff received $ (157,619.40) $0.00 Purchases 11/29/12 736 shares McDonalds $ 63,391.68 11/29/12 800 shares Pepsico Inc. $ 55,848.00 11/29/12 200 shares Bristol myers Squibb Co $ 6,520,00 11/29/12 261 shares Merck&Co. Inc New $ 11,561.59 11/29/12 100 shares International Business machines $ 19,233.00 11/29112 200 shares Exelon Corp $ 5,904.00 13 RECEIPTS OF INCOME 03/01/12 Federated Prime Obligation 10 $ 48.69 3/1/12-8/1/14 Blackrock Penn Muni Bond Fund Inst. $ 25,575.92 03101/12 Beam Inc. $ 352.60 3/1112-6/1/12 SEI Tax Exempt PA Muni Bond Fund B24 $ 5,473.67 03/02/12 Boeing Inc. $ 88.00 3/6/12-12/4/12 Pfizer Inc S 1,730.08 3/9/12-12/10/12 Exxon Mobil Corp. S 3,488.00 3/9/12-12/10/12 Exelon Corp. S 1,680.00 3/12/12-9/10/12 Marathon Oil Corp $ 143.82 3/12112-9/10/12 Marathon Petroleum Corp $ 119.85 3/12/12-9/10112 Spectra Energy Corp. $ 182.28 03112/12 United Technologies $ 384.00 3/12/12-12/10/12 International Business Machines $ 330.00 3/15/12-12/17/12 McDonalds Corp. $ 1,324.40 03/15/12 Hershey Company $ 152.00 3/15/12-6/15112 Kellogg Cc corn $ 86.00 03/15/12 ACNB Corp. $ 156.94 3/15/12-12/15/12 Ashland Inc. $ 510.00 03/15/12 Consolidated Edison Inc. $ 60.50 3/15/12-12/17/12 Nextera Energy Inc. $ 2,428.80 03/16/12 SLM Corp Com $ 164.00 3/16/12-6/18/12 Duke energy $ 217.00 03/16/12 Progress Energy Inc. $ 703.70 03/20112 Dominion Res Inc. Va New $ 104.45 3/26/12-9/24/12 Thornburg International Value 1 209 $ 653.53 3/26/12-12/6/12 Transfers from principal to income $ 5,285.31 3/28/12-9126/12 Anadarko Petroleum Corp. $ 29124 3/28/12-4/9/13 76 Bears Road, West Pennsboro Twp, rental Income $ 4,900.00 3/28/12-6/7/12 Matt&Amy Miller Mtg, 4.27% 1019133, Note Receivable $ 2,206.87 3/30/12-1/2/13 Pepsico Inc. $ 855.50 3/30/12-6/29/12 M&T Bank Corp. $ 2,30100 4/2/12-12/17/12 Coca-Cola Company $ 1,096.50 412/12-112/13 Union Pacific Corp $ 1,795.80 4/2/12-112113 PPL Corp. $ 4,736.16 4/2/12-8/1/14 Federated Treasury Obligation 68 $ 157.82 4/4/12-12/27/12 Wal-Mart Stores Inc. $ 318.00 4/6112-10/5/12 Merck & Co Inc. New $ 931.14 04/09/12 SPDR S&P Dividend ETF $ 985.22 04/09/12 Federated Prime Obligation 10 $ 32.81 4125/12-10/25112 General Electric Co. $ 1,071.00 04/30/12 Sara Lee Corp. S 46.00 04/30/12 Family Dollar Stores Inc. S 21.00 4/30/12-10/31/12 JP Morgan Chase & Company S 92400 5/1/12-11/1/12 Darden Restaurants Inc. $ 429.00 5/1112-11/1/12 General Mills S 772.00 5/1/12-1111/12 Bristol Myers Squibb Co. S 408.00 5/1112-11/1/12 AT&T Inc. $ 1,372.80 5/8/12-11/6/12 Bank of New York Mellon Corp. S 3,511.04 14 RECEIPTS OF INCOME CONTINUED 5/24/12-7/28/14 2097 Ritner Highway, rental income from American Tower $ 20,767.71 06/18/12 M&T Bank, interest from date of death to closing $ 1.69 719/13-11/26/13 2097 Ritner Highway, rental income from Farm $ 8,750.00 08/13/12 US Savings Bond Series HH 4.0% 1/1/22 $ 7.50 09/04/12 Federated Treasury Obligation 68, short term capital gain distribution $ 1.53 12/20/12 Blackrock Penn Muni Bond Fund Inst., short term capital gain dist. $ 20.90 07/09/13 PA Department of Revenue, 2012 refund on PA40 $ 11.00 12/18/13 Blackrock Penn Muni Bond Fund Inst.,short term capital gain dist $ 40.12 05/08/14 Donald &Jamie Jones 4% Mg dtd 5/7113, interest $ 19,720.00 TOTAL RECEIPTS OF INCOME $ 129,928.89 DISBURSEMENTS OF INCOME 03/26/12 Transfer of Accrued dividends from Income to Principal $ 4,148.11 4/30/12-7/30/14 Farmers& Merchants Trust Co., fee on income $ 3,868.11 08/20/12 Deborah W. Piper, tax collector-School tax-76 Bears Road $ 2,539.66 08/20/12 Deborah W. Piper, tax collector-School tax-2097 Ritner Hwy $ 2,745.65 03/07/13 Goodville Mutual Casualty Co., 76 Bears Rad, Farm/Fire policy $ 1,796.00 03/19/13 Goodville Mutual Casualty Co., liability premium-2097 Ritner Hwy $ 131.00 03/19/13 Goodville Mutual Casualty Co., liability premium-76 Bears Road $ 83.00 04/12/13 PA Department of Revenue, balance due on 2012 PA41 $ 1,219.00 04122/13 Deborah W. Piper, tax collector-School tax-2097 Ritner Hwy $ 657.61 04/22/13 Deborah W. Piper, tax collector, 76 Bears Road $ 592,35 04/11/14 PA Department of Revenue, balance due on 2013 PA41 $ 413.00 TOTAL DISBURSEMENTS OF INCOME $ 18,193.49 ADVANCE DISTRIBUTION OF INCOME TO BENEFICIARIES 6126/12-7/8/14 Verna Shultz TUW FBO Nancy S. Miller, 50%of residue estate per 52,299.41 Item Two of the Last Will and Testament 6/26/12-7/8/14 Verna Shultz TUW FBO Judy S. Hunt, 50% residue estate per Item 52,299.39 Two of the Last Will and Tetament TOTAL ADVANCED INCOME DISTRIBUTION TO BENEFICIARIES $ 104,598.80 INCOME BALANCE ON HAND $ 7,136.60 15 COMBINED BALANCE ON HAND CONSISTS OF: Federated Treasusry Obligation68-Principal $ 648,710.44 Federated Treasury Obligation 68-Income $ 7,136.60 Donald P & Jamie L. Jones 4% Mtg dtd 5/7/13 $ 484,209.76 14,572.689 shares Blackrock Penn muni bond Fund Instl. $ 167,877.38 Garland Drive $ 38,000.00 2097 Ritner Highway $ 574,960.17 South Hanover Street $ 23,000.00 COMBINED BALANCE ON HAND $ 1,943,894.35 PROPOSED DISTRIBUTION TO BENEFICIARIES Verna Shultz TUW FBO Nancy S. Miller, 50%of residue estate per Item Two of the Last Will and Testament Federated Treasusry Obligation68-Principal $ 36,875.12 Federated Treasury Obligation 68-Income $ 3,568.30 Donald P. &Jamie L. Jones 4% Mtg dtd 5/7113 $ 242,104.88 7,286.345 shares Blackrock Penn Muni Bond Fund Instl. $ 83,938.70 Garland Drive $ 19,000.00 2097 Ritner Highway $ 574,960.17 South Hanover Street $ 11,500.00 $ 971,947,17 Verna Shultz TUW FBO Judy S. Hunt, 50% residue estate per Item Two of the Last Will and Tetament Federated Treasusry Obligation68-Principal $ 611,835.32 Federated Treasury Obligation 68-Income $ 3,568.30 Donald P. & Jamie L. Jones 4% Mtg dtd 517/13 $ 242,104.88 7,286.344 shares Blackrock Penn Muni Bond Fund Instl. $ 83,938.68 Garland Drive $ 19,000.00 South Hanover Street $ 11,500.00 $ 971,947.18 TOTAL PROPOSED DISTRIBUTION TO BENEFICIARIES $ 1,943,894.35 16 VERIFICATION Farmers and Merchants Trust Company, Executor for the Estate of Verna H. Shultz, deceased,hereby declares under oath that it has fully and faithfully discharged the duties of its office; that the foregoing First and Final Account is true and correct and fully discloses all significant transactions occurring during the accounting period; that all known claims against the Estate have been paid in full; that, to its knowledge,there are no claims outstanding against the Estate; that all taxes presently due from the Estate have been paid; and that the grant of Letters Testamentary and the first complete advertisement thereof occurred more than four months before the filing of the foregoing First and Final Account. This statement is made subject to penalties of 18 Pa.C.S.A.Section 4904 relating to unsworn falsification to authorities. Dated: Farm rs and Merc ants rust Company i:Vll$61C4NWfW f0u1411}MIi YAffW2nII.MII t LAST 3ULL AND TESTAMENT 1,VERNA H.SHULTZ,of the Borough of Carlisle,Cumberland County,Pennsylvania, being of sound and disposing mind and memory,do hereby make,publish and declare this to be my Last Will and Testament,hereby revoking any and all former Wills or Codicils by me made. ITEM ONE Idirect that all my legally enforceable debts,funeral expenses,testamentary expenses and all death taxes (whether such taxes may be payable by my estate or by any recipient of any property)shall be paid from my residuary estate as soon as practicable after my decease and as part of the administration of my estate. My Executor shall have no duty or obligation to obtain reimbursement for any such tax so paid,even though on proceeds of insurance or other property not passing under this Will. ITEM TWO I give, devise and bequeath all of my estate,both real and personal property, unto my Trustee who shall divide the trust estate into as many shares as I have daughters then living, including either of my daughters who has predeceased me but leaves issue surviving. The share of any daughter who has predeceased me but leaves issue surviving shall be further divided into i separate trusts,per stirpes,for each ofsuch issue. The Trustee shall hold each ofsuch shares for the following purposes: A. With respect to any such share held for the benefit of either of my daughters,the Trustee shall pay the net income of such share to or for the benefit of such daughter in at least quarterly installments. Further, the Trustee shall be at liberty to invade the principal of such share to provide for the health,education, maintenance and support of such daughter, keeping in mind the other resources available to such beneficiary for such purposes. Upon the death of such daughter,the Trustee shall divide such share into as many shares as such daughter has issue then living,per stirpes. The Trustee shall hold each such share as set forth in paragraphs B and C,of this ITEM TWO. If such daughter shall die without issue,such share shall be added to the other shares created hereunder for the benefit of my other daughter or her issue,per stirpes. B. I specifically direct that the Trustee shall allocate to the share to be held for the [Initials) Page 1 of 8 Pages benefit of my daughter,NANCY S. MILLER, or her issue, certain real estate located in West Pennsboro Township,Cumberland County,Pennsylvania,being composed of approximately 67 acres and a dwelling designated as Cumberland County,Pennsylvania, Tax Parcel No. 46-08- 0581-012. Further with respect to any such share held hereunder for the benefit of the issue of my daughter, NANCY S. MILLER, until the beneficiary of such share shall attain the age of thirty (30) years, Trustee shall pay so much of the income and principal of the trust as is necessary,in Trustee's sole discretion,for the health,education,maintenance and support of the beneficiary thereof,keeping in mind the other resources available to such beneficiary for such purposes. Upon such beneficiary's attaining the age of thirty(30)years,all accumulated income and principal of such share shall be distributed outright to such beneficiary. In the event any of the issue of my daughter,NANCY S.MILLER,fails to attain the age for distribution and leaves no issue surviving, then such share shall be divided among the surviving issue of NANCY S. MILLER,per stirpes. C. With respect to any such share held hereunder for the benefit of my granddaughter,ELIZABETH HUNT,my Trustee shall pay so much of the income and principal of the trust as is necessary, in Trustee's sole discretion, for the health,education, maintenance and support of the my said granddaughter,keeping in mind the other resources available to her for such purposes. Upon the death of my said granddaughter,should she be survived by issue, until such beneficiary's attaining the age of thirty(30)years,Trustee shall pay so much of the income and principal of the trust as is necessary, in Trustee's sole discretion, for the health, education, maintenance and support of the beneficiary thereof, keeping in mind the other resources available to such beneficiary for such purposes. Upon such beneficiary's attaining the age of thirty(30)years,all accumulated income and principal of such share shall be distributed outright to such beneficiary. In the event my granddaughter, ELIZABETH HUNT, leaves no issue surviving at her death, then such share shall be held for the benefit of my great- granddaughter,LAUREN MILLER with substitution of issue. With respect to any such share held hereunder for the benefit of my great-granddaughter, LAUREN MILLER, or her issue, until the beneficiary of such share shall attain the age of thirty(30)years,Trustee shall pay so [Initi Page 2 of 8 Pages much of the income and principal of the trust as is necessary,in Trustee's sole discretion,for the health,education,maintenance and support of the beneficiary thereof,keeping in mind the other resources available to such beneficiary for such purposes. Upon such beneficiary's attaining the age of thirty(30)years,all accumulated income and principal of such share shall be distributed outright to such beneficiary. ITEM THREE POWERS OF EXECUTOR AND TRUSTEE In addition to the powers conferred by case law, by statute, and by other provisions hereof, my Executor and Trustee, and its successors, shall have the following discretionary powers applicable to all property held by them which powers shall be effective without order of any court and shall exist until final distribution: A. To retain any property of any nature received by them for whatever period they shall deem advisable; B. To invest and reinvest all or any part of said property in such stocks, bonds, securities or other property, real or personal, as in their discretion they shall deem proper, without regard to statutes limiting the property which a fiduciary may purchase; C. To sell,transfer,exchange or otherwise dispose of,any part of said property,for cash or on terms,publicly or privately, or to lease,even for a term exceeding five(5)years or the duration of any trust herein, without liability on the purchasers or lessees to see to the application of the proceeds, and to give options for these purchases without the obligation to repudiate them in favor of a higher offer; D. To execute and deliver anydeeds,leases,assignments or other instruments as may be necessary to cant'out the provisions of any trust hereunder, E. To borrow money, including the right to borrow money from any bank and to mortgage or pledge any asset of the estate as security; F. To assume continuance of the status of any beneficiary with regard to death, marriage,divorce,illness,incapacity and the like in the absence of information deemed reliable without liability for disbursements made on such assumption; [initials Page 3 of 8 Pages G. To pay from the trust, or the income therefrom, all debts or claims against my estate, or any taxes or similar charges on my estate; H. To make any distribution hereunder either in kind or in money,or partially in kind and partially in money. Distribution in kind shall be made at the market value of the property distributed, and my Trustee, in its absolute discretion, may cause the share distributed to any distributee to be composed of property similar to or different from that distributed to any other distributee; I. To exercise any subscription right in connection with any security held hereunder, to consent to or participate in any recapitalization,reorganization,consolidation or merger ofany corporation,company or association,the securities of which may be held hereunder,to delegate authority with respect thereto,to deposit investments under agreements,to pay assessments,and generally to exercise all rights of investors; I To invest in endowment,insurance or annuity policies on the lives of beneficiaries of any trust hereunder; IL To continue in any partnership,joint venture,joint ownership or other business enterprise of which I am a part at the time of my death; L. To compromise claims; M. To continue for whatever period of time as they shall deem necessary any ownership as a tenant in common or as a partner,in real estate or other property and to act as I could have done had I been living; N. To lend money to my estate or to any trust created hereunder or to purchase from the estate or from any trust created hereunder,at the market value thereof at the time of purchase, any securities or other property tendered to them by my estate or any trust created hereunder at any time and from time to time within a period of nine(9) months after my death; O. In the event that any amounts are payable hereunder or under any trust created hereunder to a minor, or to a person otherwise under legal disability, or to a person not adjudicated to be an incapacitated person, but who, by reason of illness or mental or physical disability is, in the opinion of the fiduciary(ies)hereunder, unable to properly administer such [Inid Page 4 of 8 Pages J, amounts, such amounts may be paid by the fiduciary(ics) hereunder in his, her or their sole discretion in any of the following ways as he,she or they may deem best: (1) Directly to such beneficiary; (2) To a legally appointed guardian of such beneficiary for the benefit of such beneficiary; (3) To a person having custody of such beneficiary for the benefit of such beneficiary; (4) By the fiduciary(ies)hereunder using such amounts directly to the benefit of such beneficiary. Evidence of the application of payment of an amount in such a manner shall be a full and complete discharge of the fiduciary(ies)hereunder to the extent of such payment or application. This paragraph shall be applicable to payments of income as well as principal. P. To employ agents, attorneys and proxies and to delegate to them such power as my Executor and Trustee or his successors consider desirable and to pay reasonable compensation for such services as may be rendered by such agents, attorneys and proxies; Q. To do all other acts in their judgment necessary or desirable for the proper management, investment and distribution of my Estate. ITEM FOUR PROTECTIVE PROVISIONS All income or principal held for the use and benefit of the beneficiaries of any trust hereunder shall not be in any way or manner subject to anticipation,assignment,pledge,sale or transfer, nor shall any such interest, while in the possession of my Trustee, be liable for or subject to the debts, contracts, obligations, liabilities or torts of any beneficiary, or to attachments,executions or sequestrations under process of law. ITEM FIVE APPOINTMENT OF EXECUTOR AND TRUSTEE I nominate,constitute and appoint F&M TRUST,with offices in Carlisle,Pennsylvania, or its successor,as Executor of my estate. [Initials] Page 5 of 8 Pages I hereby appoint the said F&M TRUST,or its successor,as Trustee of any trust created hereunder. A majority of all income beneficiaries of the trust or trusts created under this Will may from time to time remove any corporate trustee then acting for reasonable cause and substitute another corporate trustee;provided,however,that such successor corporate trustee shall not be a related or subordinate to any one or more of the beneficiaries hereunder within the meaning of Internal Revenue Code§672(c)or successor provisions. When the removed corporate trustee has received written notice of its removal and has been notified in writing by its successor corporate trustee of the latter's acceptance, the removed corporate trustee shall surrender all books,records,and assets in its possession comprising any portion of the trust or relating to the trust. In no event shall the removed corporate trustee charge a "termination fee" based on a percentage of trust assets as a result of such removal but shall be entitled only to charge such fee as fairly represents the cost of any accounting required by the beneficiaries or successor corporate trustee as part of such removal and substitution. The removed corporate trustee shall not be relieved of liability until its successor has qualified and the removed trustee's accounting, ifapplicable,has been settled or the beneficiaries and successor corporate trustee have otherwise accepted an account stated in lieu of a formal accounting. As used in this paragraph,the term "reasonable cause" includes, but is not limited to: (1) poor investment performance, (2) the removal of all current income beneficiaries from the state in which the corporate trustee is licensed to conduct business as a corporate trustee,(3)inattention to the reasonable needs of the beneficiaries, (4) lack of communication between trustee and beneficiaries, (5) inaccurate or unclear transaction statements or statements of account, (6) conflicts between the corporate trustee and the beneficiaries, (7) merger,acquisition or deteriorating financial condition of the corporate trustee,or(8)high turnover of account officers assigned to any trust under this Will. ITEM SIX WAIVER OF BOND I direct that all fiduciaries acting under this Will,whether or not named herein,shall not be required to file any bond in any jurisdiction to secure the faithful performance of duties,nor [Initials] Page 6 of 8 Pages shall they be required to obtain any order or approval of any court for the exercise of any power or discretion set forth in this Will. WITNESS WHEREOF I have hereunto set my hand and seal this V day of 1� 2011. (SEAL) Verna H. Shultz SIGNED, SEALED, PUBLISHED AND DECLARED by the above-named Testatrix, as and for her Last Will and Testament,in the presence of us,who at her request,have hereunto subscribed our names as witnesses thereto,in the presence of the s 'd T atrix and of each other. i Page 7 of 8 Pages COMMONWEALTH OF PENNSYLVANIA ) SS. COUNTY OF CUMBERLAND ) / We, Verna H. Shultz, No V. Otto III, and t,, 4�r � � V,,r, the Testatrix and the witnesses,respectively,whose names are signed to the foregoing instrument, being first duly sworn,do hereby declare to the undersigned authority that the Testatrix signed and executed the instrument as her last Will and that the Testatrix has signed willingly,and that the Testatrix executed it as her free and voluntary act for the purposes therein expressed,and that each of the witnesses, in the presence and hearing of the Testatrix,signed the Will as a witness and that to the best of his/her knowledge the Testatrix was at that time eighteen years of age or older, of sound mind and under no constraint or undue influence. Verna H. Shultz,Tes atrix r., Witness > ess Subscribed,sworn to and acknowledged before me by Verna H.Shultz,the Testatrix,and subscribed and sworn to before me by Noo V.Otto III and 01'r4"'- e 7N:!�/ the witnesses,this q4k day of J /n 2011. Notary Public wwurlt oa�tsvlvu+ln No�rnxinLS�� YuroriaLOtto,N�County Carlisle Boro,Cumber M commirsisaez imsDaembtt20,2014 Page 8 of 8 Pages