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HomeMy WebLinkAbout10-23-14 ib( ,��. DECEDENT'S ESTATE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY,PENNSYLVANIA ORPHANS' COURT DIVISION ESTATE OF LIIDIA A.HUTT , DECEASED No. 21-13-0867 PETITION FOR ADJUDICATION/ STATEMENT OF PROPOSED DISTRIBUTION PURSUANT TO Pa. O.C. Rule 6.9 This form may be 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. rn C) c.:) M c-> c� O INCL UDE ATTACHMENTS AT THE BACK OF THIS FORM. � w e n M CD CD c CD — -TI ru M �y N Cn O Name of Counsel: Ivo 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: (717)243-1850 Form OC-01 rev.10.13.06 Page I of 10 Estate of LIIDIA A. HUTT ,Deceased 1. Name(s) and address(es) of Petitioner(s): Name: Manufacturers&Traders Trust Co. address: One West High Street Carlisle,PA 17013 Identify any executors or administrators who have not joined in the Petition for Adjudication and Statement of Proposed Distribution and state reason: None Is this the first accounting by this fiduciary? . . . . . . . . . . . . . . . . . . . . . Yes El No If not, identify prior accountings,the accounting periods covered, and the date of adjudication of the prior accounting. 2. Decedent died on July 21, 2013 Letters Testamentary or Letters of Administration were granted to Petitioner(s) on Auaust 8. 2013 Date of Will (if applicable): October 14, 2008 Date(s) of Codicil(s) (f applicable): None Date of probate (f different from date Letters granted): Not applicable Was a bond required? IOYes 0 No If yes, state amount: Are proofs of advertising of the grant of Letters attached? . . . . . . . . . 0 Yes No Dates of advertising of the grant of Letters:The Sentinel-October 9, 16 and 23, 2013 Cumberland Law Journal -October 18, 25 and November 1,2013 Form OC-01 rev.10.13.06 Page 2 of 10 Estate of LIIDIA A.HUTT , Deceased 3. Was decedent survived by a spouse? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . El 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 sem. 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)? . . . . . . . . . . . R Yes R3 No Were any children born to decedent after execution of Will or Codicil(s)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 Yes [Z] 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? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Z]Yes E] No Form OC-01 rev.10.13.06 Page 3 of 10 Estate of LIIDIA A. HUTT ,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 of Each Party in Interest I Relationship and Comments,if any I Interest Estonian Students Fund in USA, Remainder Beneficiary 100%of residue Inc. 243 East 34th Street New York,NY 10016 John L. Downing, Deputy Attorney General, Commw. PA 14th Floor, Strawberry Square Harrisburg,PA 17120 Form OC-01 rev.10.13.06 Page 4 of 10 Estate of LIIDIA A. HUTT ,Deceased Name and Address of Each Party in Interest I Relationship and Comments,if any I Interest 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. Not applicable C. State why a Petition for Guardian/Trustee Ad Litem has or has not been filed for this Audit (see Pa. O.C. Rule 12.4). Not applicable 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. Not applicable Form OC-01 rev.10.13.06 Page 5 of 10 Estate of LIIDIA A. HUTT , 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 Amount of Claim Claim Will Claim Admitted? Be Paid In Full? Yes El Yes No No E]Yes El Yes DNo El No Yes 0 Yes E]No El No MYes El Yes E:]No M 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? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E]Yes F4No Was family exemption allowed? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E]Yes ONo Family exemption claimant's name and relationship: Name: Relationship: Form OC-01 rev.10.13.06 Page 6 of 10 Estate of LIIDIA A. HUTT ,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 10/21/13 23,750.00 None 04/16/14 7,003.43 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 R]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: None B. Has notice of the question requiring adjudication been given to the parties identified in Paragraph 9 above? . . . . . . . . . . . . . . . . . . El Yes El 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 LIIDIA A. HUTT , Deceased 16. Had the decedent been adjudicated an incapacitated person? . . . . . . . . . . 0 Yes R]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? . . . . . . . . . . . . . Yes No 18. If a reserve is requested, state amount and purpose. Amount: 36,315.00 Perpose: Martson Law Offices -attorney's fees- $14,400.00 Manufacturers and Traders Trust Company-Executor's commission - $21,400.00 Register of Wills - filing fee- $515.00 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? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DYes 0- No If so, attach a copy of the notice. 19. Is the Court being asked to direct the filing of a Schedule of Distribution? . . . . . . . . . . . . . . . . . . . . . . . . . DYes E]No As to real estate only? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . QYes M No Form OC-01 rev.10.13.06 Page 8 of 10 Estate of LIIDIA A. HUTT , 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: Proposed Distributee(s) Amount/Proportion Estonian Students Fund in USA, Inc. $14,284.48 B. Principal: Proposed Distributee(s) An:ount/Proportion Estonian Students Fund in USA, Inc. $265,065.12 Submitted By: (All petitioners must sign. Add additional lines if necessary): James A. Smiley,Vice President c e of Petitioner:ManufactQrs &Traders Trust C Name of Petitioner: Form OC-01 rev.10.13.06 Page 9 of 10 Estate of LIIDIA A. HUTT , Deceased Verification of Petitioner (Verification must be by at least one petitioner.) The undersigned hereby verifies * [that helshe he is titre Vice President of the above-named name of corporation Manufacturers and Traders 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). ' nature of Petitioner *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. 1 I-, Signature of Counsel for Petitioner Form OC-01 rev. 10.13.06 Page 10 of 10 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 OYCUMBERLAND 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: October 18, October 25, and November 1, 2013 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. Lisa Marie Coyne, ditor SWORN TO AND SUBSCRIBED before me this 1 day of November, 2013 f Notary Hutt,Liidia A.,deed. Late of West Pennsboro Township. Executor:Manufacturers&Trad- ers Trust Company c/o Martson NOTAR�lAL SEAL Law Offices, 10 East High Street, Carlisle,PA 17013. DEBORAH A COLLINS Attorneys:Ivo V.Otto,III,Esquire, Notary Public Martson Law Offices. CARLISLE BOROUGH,CUMBERLAND COUNTY My Commission Expires Apr 28,2014 PROOF OF PUBLICATION State of Pennsylvania, County of Cumberland Tackie Cox, Director of Sales, 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): October 9, 16,23, 2013 COPY OF NOTICE OF PUBLICATION T e� ESTATE NOTICE erp Affiant further deposes that he/she is not Letters Testamentary on the Estate of LIIDIA A.HUTT,late of West Pennsboro interested in the subject matter of the Township,Cumberland County,Pennsylvania,deceased,have been granted to the undersigned. aforesaid notice or advertisement, and that li All persons knowing themselves to be indebted to said Estate will make all allegations in the foregoing statement as payment immediately,and those having claims will present them for Settlement to: to time, place and character of publication Manufacturers and Traders Trust Company,Executor ar c/o MARTSON LAW OFFICES 10 East High Street Carlisle,PA 17013 Ivo V.Otto,III,Esquire MARTSON LAW OFFICES ,Attorneys Sworn to and subscribed before me this -& - Lffi. Qhy Nckary Public My commission expires: COMMONWEALTH OF PENNSYLVANIA Notarial Seal Bethany M.Holtry,Notary Public Carlisle Boro,Cumberland County My Commission Expires Sept.26,2015 MEMBER,PENNSYLVANIA ASSOCIATION OF NOTARIES lMARTSON DEARDOR.FF WILLIAMS OTTo GILROY FALLER MAR"IrSON WILLIAM F IMARTsON Gt-mGE B. FALLER JR.* ��>r JOHN B. FOWLER III DAVID A.FUZSIMONS A�y W T OFFICES C DANIEL K.DEARDO.RPFt CHRISTOPHER F. RICE J THomAs J.Wirij rs* SETH T.MOSEBI-.Y IVO V G170 III KATIE J.MAXWELL 10 T AST HIGH$TRl?F_7' FIUBER'r X.GILROY AARON S.I IAYNES CARLISLE,PENNSYLVANIA 17013 'BOARD CERTIFIED CIVIL TRIAL SPECIALIST TELEPHONE (717)243-3341 tBOARD CERTIFIED WORKERS COMPENSATION SPECIALIST FAc,SI?NtILE (717)243-1850 INTERNET www.mattsonlaw.com October 23, 2014 VIA CERTIFIED_ MAIL John L. Downing, Esquire Commonwealth of Pennsylvania Office of Attorney General Charitable Trusts and Organizations Section 14`h Floor, Strawberry Square Harrisburg, PA 17120 RE: Estate of Liidia A. Hutt Our File No. 9464.2 Dear Mr. Downing: Enclosed is a copy of Notice of Charitable Gift for the above-referenced Estate, along with a copy of the First and Final Account and Petition of Manufacturers and Traders Trust Company, Executor of the above Estate. Very truly yours, MARTSON LAW OFFICES Melissa A. Scholly Estates Paralegal Enclosures cc: Mr. James A. Smiley, M&T Bank, Executor(w/enc.) FAFILES\Clients\9464 Hutt\9464.2.attomeygeneral.2.wpd INFORMATION • ADVICE • ADVOCACY svL NOTICE OF CHARITABLE GIFT (In Accordance with Pa. O.C. Rule 5.5) COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION ESTATE OF LIIDIA A. HUTT ,0 SETTLOR M DECEASED No. 21-13-0867 Chief, Charitable Trusts and Organizations Section Office of the Attorney General Date: Dear Sir or Madam: Notice is given of a charitable gift as follows: 1. The nature of the present proceeding is: (a) An Account which has been or will be listed for Audit in the Orphans' Court on November 25 20 14 in Cumberland County Courthouse,Carlisle,PA (State name ojCourthouse and town/city.) The time and place of the Audit is Court Room I at 9:30 o'clock. If not provided herein, the time and location will be provided upon request when that information becomes available. (b) If the proceedings are other than an Account, state the nature of the proceedings and the place, date and time fixed for hearing: If more space is required,attach additional sheets. Form OC-06 rev./0.!3.06 Page 1 of 4 Estate of LIIDIA A. HUTT E]Settlor W1 Deceased 2. Charitable gifts are made as follows: (a) Give full names and addresses of charities, and names and addresses of counsel, if any. Estonian Students Fund in USA,Inc. 243 East 34th Street New York, NY 10016 (b) If pecuniary legacies, state exact amounts and indicate whether legacies will be or have been paid in full; if not give reasons therefor. See attached. (c) If the charitable interest is a future interest and the estimated present value of the property involved exceeds $25,000, a brief description thereof including the conditions precedent to its vesting in enjoyment and possession, the names and ages of persons known to have interests preceding such charitable interest, and the approximate market value of the property involved. None. (d) If residuary gift, state nature and value of share. Cash: $279,864.60 - 100% of residuary estate Form OC-06 rev.10.13.06 Page 2 of 4 Estate of LIIDIA A. HUTT C]Settlor g]Deceased 3. Provide a brief statement of all pertinent questions to be submitted to the Court for Adjudication, including unresolved claims and any material questions of interpretation or distribution which may affect the value of the charitable interest. None 4. The names and addresses of the fiduciaries are (state whether Executors and/or Trustees): Executor James A. Smiley, Vice President Manufacturers and Traders Trust Company One West High Street Carlisle, PA 17013 5. The names and addresses of counsel for the fiduciaries: Ivo V. Otto III, Esquire Martson Law Offices 10 East High Street Carlisle,PA 17013 6. The names and addresses of counsel for any charity who has received notice or has appeared for it: Form OC-06 rev.10.13.06 Page 3 of 4 Estate of LIIDIA A. HUTT Settlor 0 Deceased 7. (a) A copy of the instrument creating the gift is attached hereto. (b) If the gift is other than a pecuniary legacy which will be paid in full, there is attached hereto: (1) A copy of the Account, if one has been filed (2) A copy of any other relevant documents Ve truly yours, Signature Ivo V. Otto III -No. 27763 Attorney's Name and Supreme Court 1.D.No. 10 East High Street Attorney's Address Carlisle, PA 17013 (717) 243-3341 Attorney's Telephone Form OC-06 rev.10.13.06 Page 4 of 4 Liidia Hutt Estate Court of Common Pleas of Cumberland County, PA Orphans' Court Division f No. 21-13-3867 Specific Bequests: 1. Salvation Army of Carlisle ($40,000) -paid in full Bread and Bed Club 20 E. Pomfret Street Carlisle, PA 17013 717-249-1411 2. Green Ridge Village ($30,000) -paid in full Chapel in the Pines Fund 210 Big Spring Road Newville, PA 17241 717-776-8200 3. Big Spring Presbyterian Church ($25,000) -paid in full 25 S. Corporation Street Newville,PA 17241 717-776-5820 4. Green Ridge Village Trust Fund ($25,000) - paid in full 210 Big Spring Road Newville, PA 17241 717-776-8200 5. Leena-May Liivet(niece) ($50,000) -paid in full 225 Merton Street, Suite 207 Toronto, ON CANADA M4S 3H1 6. Tiina-Ingrid Liivet (niece) ($50,000) -paid in full 709 Sammon Avenue Toronto, ON CANADA M4C 2E3 7. Elma Liivet (sister-in-law) ($10,000) -paid in full 195 Merton Street, Suite 505 Toronto, ON CANADA M4S 3H6 8. Mary Jane Wiggins ($10,000) -paid in full 3001 Lititz Pike, TH 116 Lititz, PA 17543 9. Gerda H. Alexander($10,000) - paid in full 32 Cedar Circle Newville, PA 17241 10. Ila P. Merriam ($10,000) - paid in full Green Ridge Village 210 Big Spring Road, Room 12 Newville, PA 17241 11. Goldie 1. Pringle ($10,000) -paid in full 114 Green Ridge Lane Newville, PA 17241 12. Dorine Renner($10,000) - deceased 9/14/2012 - was not paid 13. Nancy Stedman ($10,000) -paid in full P.O. Box 5705 Wakefield, RI 02880 14. Jane C. Von Hagen ($10,000) -paid in full Green Ridge Village 210 Big Spring Road Newville, PA 17241 15. Peeter and Silvi Laas, or the survivor($10,000) - paid in full Kaapa 6-8 Voru Estonia 65545 16. Barbara J. Wilke ($10,000) - paid in full 51 Ridge Lane Newville, PA 17241 17. Tiia Reiksaar($10,000) - paid in full Mai 10-14 Parnu Estonia 80025 Residue: Estonian Students Fund in USA, Inc. 243 East 34" Street New York,NY 10016 FABLES\Clients\9464 Hutt\9464.2.beneficiary.list.wpd MARTSON DEARDO FF WILLIAMS OTTo G1LROY & FALLER MAD'*'rWILLIAMF r�, -L ®Z \ NLkRTSON GEORGE B.F.1LI.ER_JR.* JOHN B.FOWLER III DAVID A.FnT.SIMONS LAW OFFICES DANwL K.DEARDORFPt CHRISTOPHER E.RICE THOMAS J.Wn.LIAms* SE'T'H T.NIOSEBEY 10 EAs'r HIGH STREET IVO V.OTro III KA1'[E J:NI AYWF-U HUBERT X.GILROY AARON S. HAYNES CARLISLE,PENNSYLVANIA 17013 ? ^p 'BoARD CEtrrmED Crvtt.TmL SPECLILIST TELE / PHONE 1'1 it 243-3341 tBOARD CERTTFIED WORKERS COMPEMSATION SPECIALIST FACSINULE (7,17)243-1850 INTERNET wwwmartsonlawcom October 23,2014 VIA CERTIFIED MAIL. VIA CERTIFIED MAIL Estonian Students Fund in USA, Inc. John L. Downing, Esquire 243 East 34" Street Office of the Attorney General New York,NY 1001.6 14"'Floor- Strawberry Square Harrisburg, PA 17120 RE: Estate of Liidia A. Hutt Our File No. 9464.2 Dear Beneficiary: Enclosed is a Notice of Filin>?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 Manufacturers and Traders Trust Company, Executor of above Estate. As stated on the Notice,the Account will be presented for confirmation in Court Room No. I of the Cumberland County Courthouse, Carlisle, PA, at 9:30 a.m. on Tuesday,November 25, 2014. Please contact our office should you have any questions or concerns. Very truly yours, MARTSON LAW OFFICES U c� Ar CA Melissa A. Scholly Estates Paralegal y Enclosures cc: Mr. James A. Smiley, M&T Bank, Executor(w/enc.) F:\FILES\C1ients\9464 Hutt\9464.2.account.Itr.notice.I i idia.estate.wpd INFORMATION • ADVICE • ADVOCACY sin IN THE COURT OF COMMON PLEAS OF IN RE: CUMBERLAND COUNTY, PENNSYLVANIA ESTATE OF LIIDIA A. HUTT, .DECEASED ORPHANS' COURT DIVISION NO. 21-13-0867 NOTICE OF FILING FIRST AND FINAL ACCOUNT AND PETITION FOR ADJUDICATION/SC.H.EDULE OF PROPOSED DISTRIBUTION AND CALL FOR AUDIT OR CONFIRMATION NOTICE IS HEREBY GIVEN that Manufacturers and Traders Trust Company, Executor of the Estate of Liidia A. Hutt, deceased, has this date filed 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 prior thereto,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, November 25, 2014, at which time said Account will be confirmed and distribution ordered in accordance with the Petition for Adjudication/Schedule of Proposed Distribution. MARTS LAW\OFRCES NO V. Otto II , Esquire 10 East High Street Carlisle,PA 17013 (717)243-3341 I Attorney for Estate of Liidia A. Hutt Date of Notice: � NOTICES TO: Estonian Students Fund in USA, Inc. 243 East 30 Street New York,NY 10016 Mr. John L. Downing Deputy Attorney General Commonwealth of Pennsylvania Office of Attorney General Charitable Trusts and Organizations Section 14" Floor, Strawberry Square Harrisburg, PA 17120 F WILMClients\9464 Hutt\9464.2.account.notice.wpd 5�w►`�� `� IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PA ORPHANS' COURT DIVISION FILE NO. 21-13-0867 ---------------------------------- ESTATE OF LIIDIA A. HUTT, DECEASED ---------------------------------- ---------------------------------- FIRST AND FINAL ACCOUNT OF MANUFACTURERS AND TRADERS TRUST COMPANY ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ Date of Death: July 21, 2013 Date of Executor's Appointment: August 8, 2013 Date of First Complete Advertisement: The Sentinel October 9,16,23, 2013 Cumberland Law Journal October 18,25, November 1, 2013 Accounting for the period: July 21, 2013 to September 23, 2014 Purpose of Account: The Executor offers this Account to acquaint interested parties with the transactions that have occurred during the Administration. It is important that the Account be carefully examined. Requests for additional information, questions or objections can be discussed with: James A. Smiley, Vice President Manufacturers and Traders Trust Company One West High Street Carlisle, PA 17013 (717) 240-4505 ry or s :o rrri Q c:� Martson Law Offices } :7 O �n 10 East High Street Carlisle, PA 17013t— ISI W (717) 213-3341 r\.) rte- rn r\3 cn cn - 1 - SUMMARY OF ACCOUNT PAGES PRINCIPAL Receipts 3-4 $ 668,519.97 Net Loss on Sales or Disposition 5-6 -7,832.76 $ 660,687.21 Less Disbursements: Legal Fees 7 $ 7,888.66 Debts of Decedent 7 665.00 Federal State & Local Taxes 7 30,753.43 Administration - Misc. Exp. 7 36,315.00 -75,622.09 Balance before Distributions $ 585,065.12 Distributions to Beneficiaries 8-9 -320,000.00 Principal Balance on Hand 10 $ 265,065,12 For Information: Investments Made 11 Changes in Holdings 12-15 INCOME Receipts 16-17 $ 14,566.19 Less Disbursements 18 -281.71 Balance before Distributions $ 14,284.48 Income Balance on Hand 19 $ 14,284.48 COMBINED BALANCE ON HAND $ 279,349.60 Proposed Principal Distributions 20 Proposed Income Distributions 21 Verification 22 2 PRINCIPAL RECEIPTS Assets Listed in Inventory (Valued as of Date of Death) Bonds $25,000 U.S. Treasury Notes 4.25. due 11/15/2013 $ 25,329.00 Common Stocks 1,400 Shs. AT&T Incorporated 50,134.00 333 Shs. Duke Energy Holding Corporation 23,603.04 500 Shs. Spectra Energy Corporation 18,165.00 700 Shs. Verizon Communications 34, 965.00 Mutual Funds 1,091.963 Shs. DWS Floating Rate Plus Inst 10,362.73 3,006.933 Shs. Federated Muni Ultrashort Fd Inst 30,159.54 9,283.928 Shs. Federated Total Return Bond Fund 102,494.57 8,627.405 Shs. Federated Ultra Short Bd-Ins 79,027.03 3,716 Shs. Nuveen PA Premium Income Municipal Fund 2 46,769.58 4,511.792 Shs. Ridgeworth Seix FL Rate HI Inc Fd-I 40,786.60 4,502.191 Shs. Vanguard Int-Trm Inv Grade CL Inv 44,391.60 3,953.325 Shs. Vanguard Short Term Bond Index C1 Sgnl 41,628.51 FORWARD $ 547,816.20 3 - PRINCIPAL RECEIPTS (cont'd) FORWARD $ 547,816.20 ACNB Checking Account #2454289 99,608.68 ACNB Savings Account #221783 5,877.77 Cash at date of death 5,888.39 Death Claim Settlement from Western-Southern Life Assurance Company Contract ID W0020570542 8,047.41 Green Ridge Village refund 1,200.00 Green Ridge Village refund from petty cash account 81.52 TOTAL PRINCIPAL RECEIPTS $ 668,519.97 ------------------ ------------------ 4 PRINCIPAL GAINS OR LOSSES ON SALES OR OTHER DISPOSITIONS GAIN LOSS 10/04/13 4,502.191 Shs. Vanguard Int-Trm Inv Grade CL Inv Net Proceeds 44,166.49 Acquisition Value 44,391.60 $ 225.11 10/04/13 9,283.928 Shs. Federated Total Return Bond Fund Net Proceeds 101,937.53 Acquisition Value 102,494.57 557.04 10/04/13 3,006.933 Shs. Federated Muni Ultrashort Fd Inst Net Proceeds 30,129.47 Acquisition Value 30,159.54 30.07 10/04/13 500 Shs. Spectra Energy Corporation Net Proceeds 17,153.95 Acquisition Value 18,165.00 1,011.05 10/04/13 333 Shs. Duke Energy Holding Corporation Net Proceeds 22,096.69 Acquisition Value 23,603.04 1,506.35 10/23/13 3,716 Shs. Nuveen PA Premium Income Municipal Fund 2 Net Proceeds 45,027.84 Acquisition Value 46,769.58 1,741.74 11/15/13 $25,000 U.S. Treasury Notes 4.25% due 11/15/2013 Net Proceeds 25,000.00 Acquisition Value 25,329.00 329.00 12/24/13 Long Term Capital Gain Distribution on Vanguard Short Term Bond Index C1 Sgnl Net Proceeds 94.88 Acquisition Value .00 $ 94.88 04/01/14 1,091.963 Shs. DWS Floating Rate Plus Inst Net Proceeds 10,340.89 Acquisition Value 10,362.73 21.84 FORWARD $ 94.88 $ 5,422.20 - 5 - PRINCIPAL GAINS OR LOSSES ON SALES OR OTHER DISPOSITIONS (cont,d) GAIN LOSS FORWARD $ 94.88 $ 5,422.20 04/01/14 4,511.792 Shs. Ridgeworth Seix FL Rate HI Inc Fd-I Net Proceeds 40,876.84 Acquisition Value 40,786.60 90.24 04/01/14 3,962.37 Shs. Vanguard Short Term Bond Index C1 Sgnl Net Proceeds 41,604.89 Acquisition Value 41,723.39 118.50 04/01/14 Long Term Capital Gain Distribution on Vanguard Short Term Bond Index Cl Sgnl Net Proceeds 7.92 Acquisition Value .00 7.92 04/01/14 8,627.405 Shs. Federated Ultra Short Bd-Ins Net Proceeds 79,027.03 Acquisition Value 79,027.03 04/03/14 1,400 Shs. AT&T Incorporated Net Proceeds 49,233.41 Acquisition Value 50,134.00 900.59 04/03/14 700 Shs. Verizon Communications Net Proceeds 33,380.51 Acquisition Value 34,965.00 1,584.49 09/22/14 0.754 Shs. Vanguard Short Term Bond Index Cl Sgnl Net Proceeds 7.90 Acquisition Value 7.92 .02 TOTALS $ 193.04 $ 8,025.80 ----------------- ----------------- ----------------- NET LOSS LOSS TRANSFERRED TO SUMMARY $ 7,832.76 ----------------- ----------------- 6 - DISBURSEMENTS OF PRINCIPAL LEGAL FEES Martson Law Offices 06/26/14 $ 7,888.66 $ 7,888.66 DEBTS OF DECEDENT Boyd & Ritter LLC 04/25/14 Preparation of 2013 Individual Income Tax Returns 400.00 Pennsylvania Dept of Revenue State Individual Income Tax 03/28/14 2013 Balance Due 265.00 665.00 FEDERAL STATE & LOCAL TAXES Register of Wills, Agent PA Inheritance Tax 10/21/13 Balance Due $ 23,750.00 04/16/14 Balance Due 7,003.43 30,753.43 30,753.43 ADMINISTRATION - MISC. EXPENSES RESERVES: Martson Law Offices - Attorney Fee $ 14,400.00 Manufacturers and Traders Trust Company - Disbursing Commission 21,400.00 Filing Fees 515.00 36,315.00 36,315.00 TOTAL DISBURSEMENTS OF PRINCIPAL $ 75,622.09 --------------- --------------- 7 - i DISTRIBUTIONS OF_ PRINCIPAL-M BENEFICIARIES 'rr�.,,. ,y, x . ,.I _.,,.,a_.. ,. .fit., �.�'•Y'.!..:_ �. ..�.. . . .. Barbara J. Wilke 04/04/14 Specific Bequest $ 10,000.00 Bi—spri-riq-Presbyterian Church 04/21/14 Specific Bequest 25,000.00 E--1ma�Liivet A .. 07/03/14 Specific Bequest 10;000.00 Gerda-Alexander 03/31/14 Specific Bequest 16;000.00 Goldie'Pri-ncgle 04/04/14 Specific Bequest 10;000.00 G`r'een0`Ridge .VillaQe for Benevolent. Care of Residents 04/07/14 Specific Bequest /y 25,000.00 Green Ridge Village Chapel in the Pines 04/07/14 Specific Bequest 30,000.00 Ila Merriam 04/04/14 Specific Bequest 10,000.00 Jane Von Hagen 04/04/14 Specific Bequest 10,000.00 Leena Liivet 04/04/14 Specific Bequest 50,000.00 Mary Jane Wiggins 03/26/14 Specific Bequest 10,000.00 FORWARD $ 200,000.00 I 8 r PRINCIPAL INVESTMENTS MADE 12/24/13 9.045 Shs. Vanguard Short Term Bond Index Cl Sgnl - Reinvested Capital Gain $ 94.88 04/01/14 0.754 Shs. Vanguard Short Term Bond Index Cl Sgnl - Reinvested Capital Gain 7.92 TOTAL PRINCIPAL INVESTMENTS MADE $ 102.80 - 11 - CHANGES IN PRINCIPAL HOLDINGS ACCOUNT VALUE AT&T Incorporated 1,400 Shs. Inventoried at $ 50,134.00 04/03/14 1,400 Shs Sold -50,134.00 0 Shs. $ 0.00 Duke Energy Holding Corporation 333 Shs. Inventoried at $ 23,603.04 10/04/13 333 Shs. Sold -23,603.04 0 Shs. $ 0.00 DWS Floating Rate Plus Inst 1,091.963 Shs. Inventoried at $ 10,362.73 04/01/14 1,091.963 Shs Sold -10,362.73 0.0 Shs. $ 0.00 Federated Muni Ultrashort Fd Inst 3,006.933 Shs. Inventoried at $ 30,159.54 10/04/13 3,006.933 Shs Sold -30,159*54 0.0 Shs. $ 0.00 - 12 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) ACCOUNT VALUE Federated Total Return Bond Fund 9,283.928 Shs. Inventoried at $ 102,494.57 10/04/13 9,283.928 Shs. Sold -102,494.57 0.0 Shs. $ 0.00 --------------------- ------------------ --------------------- ------------------ Federated Ultra Short Bd-Ins 8,627.405 Shs. Inventoried at $ 79,027.03 04/01/14 8,627.405 Shs. Sold -79,027.03 0.0 Shs. $ 0.00 --------------------- ------------------ --------------------- ------------------ Nuveen PA Premium Income Municipal Fund 2 3,716 Shs. Inventoried at $ 46,769.58 10/23/13 3,716 Shs. Sold -46,769.58 0 Shs. $ 0.00 --------------------- ------------------ --------------------- ------------------ Ridaeworth Seix FL Rate HI Inc Fd-I 4,511.792 Shs. Inventoried at $ 40,786.60 04/01/14 4,511.792 Shs. Sold -40,786.60 0.0 Shs. $ 0.00 --------------------- ------------------ --------------------- ------------------ - 13 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) ACCOUNT VALUE Spectra Energy Corporation 500 Shs. Inventoried at $ 18,165.00 10/04/13 500 Shs. Sold -18,165.00 0 Shs. $ 0.00 --------------------- ------------------ --------------------- ------------------ U.S. Treasury Notes 4.25% due 11/15/2013 $25,000 Inventoried at $ 25,329.00 11/15/13 $25,000 Matured -25,329.00 $0 $ 0.00 ------------------ --------------------- ------------------ --------------------- Vanguard Int-Trm Inv Grade CL Inv 4,502.191 Shs. Inventoried at $ 44,391.60 10/04/13 4,502.191 Shs. Sold -44,391.60 0.0 Shs. $ 0.00 ------------------ --------------------- ------------------ --------------------- Vanguard Short Term Bond Index Cl Sgnl 3,953.325 Shs. Inventoried at $ 41,628.51 12/24/13 9.045 Shs. Reinvested Capital Gain 94.88 3,962.37 Shs. $ 41,723.39 12/24/13 Received from Liidia A. Hutt T/A #1020291 Long Term Capital Gain Distribution 0.00 3,962.37 Shs. $ 41,723.39 04/01/14 0.754 Shs. Reinvested Capital Gain 7.92 3,963.124 Shs. $ 41,731.31 04/01/14 Long Term Capital Gain Distribution 0.00 3,963.124 Shs. $ 41,731.31 - 14 - CHANGES IN PRINCIPAL HOLDINGS (cont'd) ACCOUNT VALUE Vanguard Short Term Bond Index Cl Sgnl (cont'd) 04/01/14 3,962.37 Shs. Sold $ -41,723.39 0.754 Shs. $ 7.92 09/22/14 0.754 Shs. Sold -7.92 0.0 Shs. $ 0.00 Verizon Communications 700 Shs. Inventoried at $ 34,965.00 04/03/14 700 Shs. Sold -34,965.00 0 Shs. $ 0.00 ------------------ --------------------- ------------------ --------------------- 15 - RECEIPTS OF INCOME Cash at date of death $ 8,924.50 AT&T Incorporated 11/01/13 Dividend 1,400 Shs. $ 630.00 02/03/14 Dividend 1,400 Shs. 644.00 1,274.00 Cash 11/14/13 Received from Liidia A. Hutt T/A #1020291 947.19 DWS Floating Rate Plus Inst 10/25/13 Dividend 1,091.963 Shs. $ 35.27 11/22/13 Dividend 1,091.963 Shs. 35.16 12/10/13 Dividend 1,091.963 Shs. 35.16 01/27/14 Dividend 1,091.963 Shs. 35.16 02/24/14 Dividend 1,091.963 Shs. 34.72 03/25/14 Dividend 1,091.963 Shs. 34.94 210.41 Federated Total Return Bond Fund 11/13/13 Dividend 9,283.928 Shs. 30.71 Federated Ultra Short Bd-Ins 11/04/13 Dividend 8,627.405 Shs. $ 84.65 12/02/13 Dividend 8,627.405 Shs. 91.17 12/31/13 Dividend 8,627.405 Shs. 46.59 01/02/14 Dividend 8,627.405 Shs. 89.17 02/03/14 Dividend 8,627.405 Shs. 75.28 03/03/14 Dividend 8,627.405 Shs. 63.60 04/01/14 Dividend 8,627.405 Shs. 63.07 513.53 Nuveen PA Premium Income Municipal Fund 2 11/01/13 Dividend 3,716 Shs. 260.12 Ridgeworth Seix FL Rate HI Inc Fd-I 11/04/13 Dividend 4,511.792 Shs. $ 139.96 12/02/13 Dividend 4,511.792 Shs. 137.51 12/19/13 Dividend 4,511.792 Shs. 0.13 01/02/14 Dividend 4,511.792 Shs. 142.51 FORWARD $ 420.11 $ 12,160.46 - 16 - RECEIPTS OF INCOME (cont,d) FORWARD $ 420.11 $ 12,160.46 ' Ridgeworth Seix FL Rate HI Inc Fd-I (cont'd) 02/03/14 Dividend 4,511.792 Shs. 143.80 03/03/14 Dividend 4,511.792 Shs. 135.88 04/01/14 Dividend 4,511.792 Shs. 148.37 848.16 U.S. Treasury Notes 4.25. due 11/15/2013 11/15/13 Interest $25,000 531.25 Vanguard Int-Trm Inv Grade CL Inv 11/01/13 Dividend 4,502.191 Shs. 11.75 Vanguard Short Term Bond Index Cl Sgnl 11/01/13 Dividend 3,953.325 Shs. $ 39.92 12/02/13 Dividend 3,953.325 Shs. 38.42 01/02/14 Dividend 3, 962.37 Shs. 39.71 02/04/14 Dividend 3,962.37 Shs. 40.09 03/03/14 Dividend 3,962.37 Shs. 36.76 04/02/14 Dividend 3,962.325 Shs. 41.16 236.06 Verizon Communications 11/01/13 Dividend 700 Shs. $ 371.00 02/03/14 Dividend 700 Shs. 371.00 742.00 Wilmington Prime Money Market Fund Select Shs 10/01/13 Interest $ 0.45 11/01/13 Interest 2.86 12/02/13 Interest 3.16 01/02/14 Interest 5.18 02/03/14 Interest 3.96 03/03/14 Interest 3.36 04/01/14 Interest 3.42 05/01/14 Interest 3.57 06/02/14 Interest 2.79 07/01/14 Interest 2.70 08/01/14 Interest 2.50 09/02/14 Interest 2.56 36.51 TOTAL RECEIPTS OF INCOME $ 14,566.19 --------------- --------------- - 17 - DISBURSEMENTS OF INCOME Manufacturers and Traders Trust Company -- Income Commissions 10/15/13 $ 0.03 11/15/13 96.39 12/16/13 52.32 01/15/14 19.40 02/18/14 78.81 03/17/14 16,46 04/15/14 17.46 05/15/14 0.21 06/16/14 0.17 07/15/14 0.16 08/15/14 0.15 09/15/14 0.15 $ 281.71 TOTAL DISBURSEMENTS OF INCOME $ 281.71 18 INCOME BALANCE ON HAND FIDUCIARY VALUE AT ACQUISITION 09/23/2014 VALUE CASH (AUTOMATICALLY INVESTED) $ 14,284.48 $ 14,284.48 TOTAL INCOME BALANCE ON HAND $ 14,284.48 $ 14,284.48 ------------------ ------------------ ------------------ ------------------ THE ABOVE CASH IS CURRENTLY INVESTED IN Wilmington Prime Money Market Fund Select Shs Manufacturers and Traders Trust Company BYat"Ad' J6CS A. Smiley, Viceesident Executor of the EstateP f Liidia A. Hutt, deceased - 19 - PROPOSED PRINCIPAL DISTRIBUTION SCHEDULE Market Value Fiduciary as of Acquisition 09/23/2014 Value Estonian Students Fund in USA, Incorporated - 100% Residue Cash $ 265,065.12 $ 265,065.12 $ 265,065.12 $ 265,065.12 TOTAL $ 265,065.12 $ 265,065.12 ---------------- ---------------- ---------------- ---------------- - 20 - PROPOSED INCOME DISTRIBUTION SCHEDULE Market Value Fiduciary as of Acquisition 09/23/2014 Value Estonian Students Fund in USA, Incorporated - 100% Residue Cash $ 14,284.48 $ 14,284.48 $ 14,284.48 $ 14,284.48 TOTAL $ 14,284.48 $ 14,284.48 21 - VERIFICATION Manufacturers and Traders Trust Company, Executor of the Estate of LIIDIA A. HUTT, 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. t M n facturers and Traders T ust Company Dated: T-3 Q 22 - FARLEME MA9464 HuM94641.w U 2008 LAST WILL AND TESTAMENT I,LIIDIA A.HUTT,of West Pennsboro Township,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 made by me. 1. I direct 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. 2. I give,devise and bequeath the following bequests; a. The sum of FORTY THOUSAND DOLLARS ($40,000.00) unto the SALVATION ARMY,of Carlisle,Pennsylvania,to be utilized for its`BREAD AND BED CLUB"to the same extent same exists,or otherwise for its general uses and purposes; b. The sum of THIRTY THOUSAND DOLLARS ($30,000.00) unto the CHAPEL IN THE PINES FUND,of Green Ridge Village,Newville,Pennsylvania; C. The sum ofTWENTY-FIVE THOUSAND DOLLARS($25,000.00)unto the BIG SPRING PRESBYTERIAN CHURCH,of Newville,Pennsylvania,for its general uses and purposes; and d. The sum ofTWENTY-FIVE THOUSAND DOLLARS($25,000.00)unto the GREEN RIDGE VILLAGE TRUST FUND,of Newville,Pennsylvania,for benevolent care of residents. 3. I give,devise and bequeath the sum of FIFTY THOUSAND DOLLARS($50,000.00)unto each of my nieces, LEENA-MAY LIIVET and TIINA-INGRID LIIVET; and the sum of TEN THOUSAND DOLLARS($10,000.00)unto my sister-in-law,ELMA LIIVET;provided,however, [Initials] Page 1 of 4 Pages that the bequest under this Item 3 to any beneficiary who predeceases me shall lapse and be added to and distributed as part of the residue of my estate. 4. I give, devise and bequeath the sum of TEN THOUSAND DOLLARS ($10,000.00)unto each of the following individuals; provided, however, that the bequest under this Item 4 to any beneficiary who predeceases me shall lapse and be added to and distributed as part of the residue of my estate:MARY-JANE WIGGINS(for sharing vacations with me);GERDA ALEXANDER;ILA MERRIAM;GOLDIE PRINGLE;DORINE RENNER;NANCY STEDMAN;JANE V.HAGEN; PEETER and SILVI LAAS,or the survivor; B.J.WILKE; and TIIA REIKSAAR. 5. I give unto my nieces,LEENA-MAY LIIVET and TIINA-INGRID LIIVET,or the survivor, such of my personal effects,household goods,motor vehicles,and other tangible personal property of like nature(not including cash or securities),together with the existing insurance thereon,as they shall so choose, in such equal, fair and reasonable manner as they shall determine. From the remaining tangible personal property not so chosen by LEENA-MAY LIIVET and TUNA-INGRID LIIVET,LIISI LASCARRO shall have the right to choose such items of such property as she shall wish. Any remaining tangible personal property not so chosen shall be donated to the GREEN RIDGE VILLAGE THRIFT SHOP,of Newville, Pennsylvania. 6. 1 give, devise and bequeath all the rest, residue and remainder of my estate,both real and personal property,unto the ESTONIAN STUDENTS FUND IN USA,INC.,OF 243 East 30 Street, New York,NY 10016, for its general uses and purposes. In the event that the said ESTONIAN STUDENTS FUND IN USA,INC.shall have ceased to exist or shall have ceased to be recognized as a charitable organization in accordance with the Internal Revenue Code of the United States(or in accordance with similar successor laws and/or regulations then in effect)at the time of my death, then I give, devise and bequeath all the rest, residue and remainder of my estate, both real and personal property,in equal shares unto my said nieces,LEENA-MAY LIIVET and TIINA-INGRID LIIVET,or to the survivor of them. [Initials] Page 2 of 4 Pages 7. .1 nominate, constitute and appoint MANUFACTURERS AND TRADERS TRUST COMPANY, a New York banking corporation, of Carlisle, Pennsylvania, or its successor, as Executor of my estate. S. I direct that all fiduciaries acting under this Will,whether or not named herein,shall not be required to give bond for the faithful performance of their duties in any jurisdiction. 9. I authorize and empower my Executor, or its successor,in its sole and absolute discretion, to purchase or otherwise acquire and retain any investments of which I die seized or any real or personal property of any nature; to sell, lease,pledge,mortgage,transfer, exchange, dispose of or grant options in regard to any or all property of any kind forming a part of my estate.for such terms and such prices as it may deem advisable; to borrow money for any purposes connected with the protection and preservation of my estate;to mortgage orpledge any real or personal property forming a part of my estate or to join in or secure the partition of same; to compromise any claims or demands of my estate against others or of others against my estate;to make distribution in kind and to cause any share to be composed of cash, property or undivided fractional shares in property different in kind from any other share; to employ agents, attorneys and proxies and to delegate to them such power as my Executor, or its successor, consider desirable and to pay reasonable compensation for such services as may be rendered by such agents, attorneys and proxies; and to execute and deliver such instruments as may be necessary to carry out any of these powers. In addition,I direct that my Executor,or its successor,shall have the power to conduct an inventory of any safe deposit box necessary to the administration of my estate. k IN WITNESS WHEREOF I have hereunto set my hand and. seal this 14 day of aoos - L,I ,L 0, (SEAL) Liidia A. Hutt 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=es thereto, in the presence of the said.T_estatrix and of each other. Page 3 of 4 Pages COMMONWEALTH OF PENNSYLVANIA SS. COUNTY OF CUMBERLAND We, Liidia A. Hutt, Ivo V. Otto 111, andV 7 the '. -i L 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. Testatrix. Witness Witness Subscribed, sworn, to and acknowledged before me by Liidia A. Hutt, the Testatrix, and subscribed and sworn to before me by Ivo V.Otto III and i cio r flu the witnesses, this I day of I. N615—iy Public "06%LVAN A L e r Con-ine L Myer:i,Notal'Y Pubk Count%, _xp-cs<4'Iny 27;2011 Page 4 of 4 Pages