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HomeMy WebLinkAbout01-13-15 Reset PETITION FOR GRANT OF LETTERS REGISTER OF WILLS OF CUMBERLAND COUNTY,PENNSYLVANIA Petitioner(s) named below, who is/are 18 years of age or older, apply(ies) for Letters as specified below, and in support thereof aver(s)the following and respectfully request(s)the grant of Letters in the appropriate form: Decedent's Information Name: Carl W. Snyder,Jr. File No: - - Q�2t5� a/k/a: Carl W. Snyder (Assigned by Register) a/k/a: a/k/a: Social Security No: Date of Death: January 5,2015 Age at death: 86 Decedent was domiciled at death in Cumberland County, Pennsylvania (State)with his/her last principal residence at 2902 Chesterbrook Ct., 17011 Camp Hill, Lower Allen Township Cumberland Street address,Post Office and Zip Code City,Township or Borough County Decedent died at The Bridges at Bent Creek 17050 Mechanicsburg,Silver Spring Twp Cumberland Pennsylvania Street address,Post Office and Zip Code City,Township or Borough County State Estimate of value of decedent's property at death: If domiciled in Pennsylvania............................ All personal property $ 100,000.00 If not domiciled in Pennsylvania. ....................... Personal property in Pennsylvania $ If not domiciled in Pennsylvania. ....... ...... . ......... Personal property in County $ Value of real estate in Pennsylvania....................................... ....... ........... $ TOTAL ESTIMATED VALUE. ... $ 100,000.00 Real estate in Pennsylvania situated at: (Attach additional sheets,ifnecessary.) Street address,Post Office and Zip Code City,Township or Borough County W1 A. Petition for Probate and Grant of Letters Testamentary Petitioner(s)aver(s)he/she/they is/are the Executor(s)named in the last Will of the Decedent,dated September 12,2013 and Codicil(s) thereto dated N/A Tacnn M Snyder renounced his right to carie in favor of Clayton T) Snyder State relevant circumstances(e.g.renunciation,death of executor,etc.) Except as follows: after the execution of the instrument(s)offered for probate Decedent did not marry,was not divorced,was not a party to a pending divorce proceeding wherein the grounds for divorce had been established as defined in 23 Pa.C.S. §3323(g),and did not have a child born or adopted;and Decedent was neither the victim of a killing nor ever adjudicated an incapacitated person. NO EXCEPTIONS Q EXCEPTIONS Q B. Petition for Grant of Letters of Administration (If applicable) c.t.a.,d.b.n.,d.b.n.c.t.a.,pendente lite,durante absentia,durante minoritate If Administration,c.t.a. or d.b.n.c.t.a.,enter date of Will in Section A above and complete list of heirs. Except as follows: Decedent was not a party to a pending divorce proceeding wherein the grounds for divorce had been established as defined in 23 Pa.C.S.§3323(g)and was neither the victim of a killing nor ever adjudicated an incapacitated person. Q NO EXCEPTIONS Q EXCEPTIONS Petitioner(s),after a proper search has/have ascertained that Decedent left no Will and was survived by the following spouse(if any)and heirs(attach additional sheets,ifnecessary): v u� Name Relationship Addre C:) rr1 rn 71 7D - U C3 co t— f1 i Y„ C> Form RW-02 rev.10/11/2011 Page 1 of 2 Oath of Personal Representative Official Usc Only COMMONWEALTH OF PENNSYLVANIA } } SS: COUNTY OF CUMBERLAND } Petitioner(s)Printed Name Petitioner(s)Printed Address Clayton D.Snyder 827 AnthonyDrive Mechanicsburg,PA 17050 n 3:: C_ rT1 c =. C*) o r C-,) cn W , The Petitioner(s)above-named swear(s)or affirm(s)the statements in the foregoing Petition are true and correct to the best of t g knoMkdge and b lief of Petitioner(s)and that,as Personai Representative(s)of the Decedent,the P 'ioner(s)will well and truly administer the-,estate acgl�n;toa" rrrSworn to or affirmed and subsoribed before JDate � me this day of "mary Date C-74)- By: iBy: _ Date F the Kegister Date BOND Required: Q YES Q NO To the Register of Wills: FEES: ' . Please enter my appearance by my signature below: Letters . . . . . . . . . . . . . . . . . . . . . . $ 210.00 Attorney Signature: ( 5) Short Certificate(s). . . . . . 25.00 ( 1 )Renunciation(s).. . . . . . . . 5.00 ( ) Codicil(s). . . . . . . . . . . . . ( )Affidavit(s).. . . . . . . . . . . Bond.. . . . . . . . . . . . . . . . . . . . . . . Printed Name: Timothy M.Finnerty,Esquire Commission. . . . . . . . . . . . . . . . . . Supreme Court Other . . . . . . . . ID Number: 76048 Will . . . . . . . . 15.00 File Inventory . . . . . . . . 15.00 Firm Name: McNees Wallace&Nurick LLC File ITR . . . . . . . . 15.00 Address: 100 Pine Street . . . . . . . . P.O-Box 1 166 . . . . . . . . Harrisburg,PA . . . . . Phone: 717.237.5394 Automation Fee. . . . . . . . . . . . . . . 5.00 Fax: 717.260.1691 JCS Fee. 35.50 Email: TFinnerry4mwn nom TOTAL. . . . . . . . . . . . . . . . . . . . . $ 325.50 DECREE OF THE REGISTER Estate of Carl W.Snyder,Jr. File No: } 6- 00132 a/k/a: AND NOW, o LA 0 ,C�0_—,in consideration of the foregoing Petition, satisfactory proof having been present before me,IT IS DECREED that Letters Testamentary ar ereby granted to Clayton D. Snyder in the above estate and(if applicable)that the instrument(s) dated September 12,2013 described in the Petition be admitted to probate and filed of record as the last Will (and Codicil(s))of Decedent. dA,;6� Register of Wills Form RW-01 rev. 1011111011 _ "Page 2 of 2 ry RENUNCIATION " C_- C:) rn. REGISTER OF WILLS Co r-- I-- n M I— M w �a c3 CUMBERLAND COUNTY, PENNSYLVANIA °a CO r=- rxt -ri Estate of Carl W. Snyder, Jr., a/k/a Carl W. Snyder , Deceased 1, Jason M. Snyder , in my capacity/relationship as (Print Name) Co-Executor of the above Decedent, hereby renounce the right to administer the Estate of the Decedent and respectfully request that Letters be issue to Clayton D. Snyder (Date) (Signat 417 All dale Way (Street Add ess) Camp Hill, PA 17011 (City,State,Zip) Executed in Register's Office Executed out of Register's Office Sworn to or affirmed and subscribed Before the undersigned personally appeared the before me this day party executing this renunciation and certified of that he or she executed the renunciatipn for the purposgs_stated within on this_��l day of )On ©1 Deputy for Register of Wills Notary Public My Commission Expires: �r�h �� '�(�� (Signature and Seal of Notary or other official qualified to administer oaths. Show date of expiration of Notary's Commission.) NOTARIAL SEAL TARYN M YOHN Notary Public HAMPDEN TWP., CUMBERLAND COUNTY Foran RW-06 rev.10.13.06 My Commission Expires Mar 28,2016 LAST WILL AND TESTAMENT OF " a C3 CARL W. SNYDER, JR. rte, o ycm w mrn co I, CARL W. SNYDER, JR., of the County of Cumberland and the Commonwealth of C> IrD T ! (� .�� moi+ 1 .. Pennsylvania, make this Will, hereby revoking all my former Wills and Codicils. j ":-, 71cp ZE �` M _r_ ti o ARTICLE ONE TANGIBLE PERSONAL PROPERTY ; § 1.1 1 bequeath all my tangible personal property, including by way of illustration but not by way of limitation, my household furniture and furnishings, paintings, books, automobiles, jewelry and personal effects, exclusive of any such property used in a trade or business, in accordance with the terms of a signed and dated memorandum I may prepare. If no such memorandum is located or received by my Executor within sixty (60) days of being appointed as such, after a reasonable search for such memorandum, my Executor shall be held harmless for distributing such assets as hereafter provided. I bequeath any property not disposed of by such memorandum, or all of such property if no such memorandum is so located or received, to my sons, CLAYTON D. SNYDER and JASON M. SNYDER, living at my death, to be divided between them in as nearly equal shares as they agree. In the event of irreconcilable disagreement between my sons, they shall take alternate turns selecting individual items with my oldest son making the first selection. Any items not so selected shall be sold and the proceeds shall pass as a part of my residuary estate. § 1.2 To the extent practicable in the Executor's sole discretion, I bequeath any policies of insurance on such property to the beneficiary entitled to such property. § 1.3 1 direct that the expenses of storing, packing, shipping, insuring and delivering any such property to the beneficiary entitled thereto shall be paid by the Executor as an administrative expense of my estate. ARTICLE TWO RESIDUE § 2.1 1 devise and bequeath all the rest, residue and remainder of my estate in equal shares to my son, CLAYTON D. SNYDER, and to my Trustee, hereinafter appointed, to be held in accordance with the provisions of Article Three, below, for the benefit of my son, JASON M. SNYDER. § 2.2 In the event my son, CLAYTON D. SNYDER, fails to survive me with issue surviving, then his share shall pass by representation to such surviving issue, per stirpes, and shall be held by my Trustee, hereinafter appointed, in a separate and distinct trust for each such beneficiary in accordance with the provisions of Article Four, below. In the event my son, CLAYTON D. SNYDER, fails to survive me without issue surviving, then his share shall be added to the share passing to my Trustee to be held in accordance with the provisions of Article Three, below. ARTICLE THREE TRUST FOR JASON M. SNYDER § 3.1 The share of my estate held under the terms of this Article Three shall be administered, held, and distributed as follows: § 3.1.1 For the lifetime of my son, JASON M. SNYDER, the Trustee shall hold, manage, invest and reinvest the trust property, shall collect the income thereof and shall pay over or apply to or for the benefit of my son, JASON M. SNYDER, a distribution amount equal to the greater of five percent (5%) of the net fair market value of the assets of the trust valued as of the first day of each taxable year of the trust, the sum of fifty thousand dollars ($50,000.00), or all of the income of the trust as defined by the Pennsylvania - 2 - Probate, Estate and Fiduciaries Code (the "Distribution Amount"). The Trustee shall annually accumulate any net income not so distributed and add the same to principal. § 3.1.2 In addition to the Distribution Amount, the Trustee in the Trustee's sole discretion may distribute the principal of the Trust to or for the benefit of any of the children of my son, JASON M. SNYDER, for the payment of "expenses of education." The term "expenses of education" means the expenses arising out of or relating to the attendance at or enrollment in any educational institution by any of the children of my son, JASON M. SNYDER, including but not limited to tuition, the cost of room and board, transportation expenses, other miscellaneous fees, costs of studying abroad or for other similar programs, and dues for scholastic organizations. My intent for the Trustee to broadly construe the term "expenses of education" to ensure that the children of my son, JASON M. SNYDER, maximize their educational experiences and that their educational experiences are not limited because of a lack of funds. § 3.1.3 Upon the death of my son, JASON M. SNYDER, or should he fail to survive me, the Trustee shall distribute the Distribution Amount, subject to the distributions permitted by § 3.1.2, to the spouse of my son, JASON M. SNYDER, for her lifetime, should she survive him and be cohabitating with him at the time of his death (the "Spouse"). In the event my son, JASON M. SNYDER, dies without a Spouse, or upon her death, the Trustee shall distribute the remainder of the trust in equal shares to the then living issue of my son, JASON M. SNYDER, per stirpes. The share of any beneficiary to receive distribution under this § 3.1.3 shall be held by my Trustee, hereinafter appointed, in a separate and distinct trust, in accordance with the terms of Article Five, below. § 3.1.4 In the event there are no beneficiaries who qualify to receive distribution of the trust established pursuant to this Article Three, the Trustee shall distribute all of the remainder of the trust to the endowment fund of Hillsdale College, located at 33 East College Street, Hillsdale, Michigan 49242. ARTICLE FOUR TRUST FOR CLAYTON'S CHILDREN § 4.1 The share of my estate held under the terms of this Article Four shall be administered, held, and distributed as follows: § 4.1.1 While each such beneficiary is under twenty-five (25) years of age, the Trustee shall hold, manage, invest and reinvest the trust property, shall collect the income thereof and shall apply to or for the benefit of such beneficiary so much of the net income and, if the net income is insufficient, so much of the principal of the trust property as the Trustee shall from time to time deem necessary or proper for such beneficiary's health, maintenance, support and - 3 - complete education, including preparatory, college and graduate education, and professional, vocational or technical training. The Trustee shall annually accumulate any net income not so distributed and add the same to the principal of the trust property. § 4.1.2 After such beneficiary attains twenty-five (25) years of age, the Trustee shall continue to hold, manage, invest and reinvest the trust property, shall collect the income thereof and shall distribute the net income in quarter- annual installments, or more frequently if the Trustee deems it advisable, to or for the benefit of such beneficiary. § 4.1.3 In addition to the foregoing, after such beneficiary attains twenty-five (25) years of age, the Trustee may distribute to or for the benefit of such beneficiary so much of the principal of the trust property as the Trustee shall from time to time deem necessary or proper for such beneficiary's health, maintenance, support and complete education, including preparatory, college and graduate education, and professional, vocational or technical training, and to assist such beneficiary with his or her reasonable wedding expenses, in the purchase of a principal residence and in the establishment of a profession or of a business considered a good risk by the Trustee, taking into account other available funds, including such beneficiary's assets. § 4.1.4 At any time after such beneficiary attains thirty (30) years of age and prior to attaining thirty-five (35) years of age, such beneficiary may withdraw such sums as do not exceed one-half(1/2) of the market value of the principal of his or her trust as constituted on his or her thirtieth (30`h) birthday, or if his or her trust is established on or after his or her thirtieth (30`h) birthday, such sums as do not exceed one-half(1/2) of the market value of the principal of his or her trust as constituted on the establishment thereof. § 4.1.5 At any time after such beneficiary attains thirty-five (35) years of age, such beneficiary may withdraw any or all of the principal of his or her trust. § 4.1.6 If such beneficiary dies before the complete termination of his or her trust, the Trustee shall distribute the property then held in trust as follows: § 4.1.6.1 If the beneficiary's trust is a Non-GST Exempt Trust as defined in § 7.2.15 herein, the Trustee shall distribute the property then held in trust for such beneficiary to such persons or entities (including the beneficiary's estate), in such amounts and upon such trusts, terms and conditions as the beneficiary by his or her last Will may appoint by specific reference to this general power of appointment. Any property not so appointed shall be divided into shares and distributed to the beneficiary's issue then living, per stirpes, - 4 - or, if none, to the issue then living of the parent of such beneficiary who was a descendent of mine, per stirpes, and in all circumstances subject to being held in continued trust in accordance with the provisions of this Article Four. § 4.1.6.2 If the beneficiary's trust is a GST Exempt Trust as defined in § 7.2.15 herein, the Trustee shall distribute the property then held in trust for such beneficiary to such of my issue other than the beneficiary in such amounts and upon such trusts, terms and conditions as the beneficiary by his or her last Will may appoint by specific reference to this special power of appointment. Before exercising such special power of appointment, I request that the beneficiary seek counsel regarding the generation-skipping transfer tax effects of such exercise. Any property not so appointed shall be divided into shares and distributed to the beneficiary's issue then living, per stirpes, or, if none, to the issue then living of the parent of such beneficiary who was a descendant of mine, per stirpes, or, if none, to my issue then living, per stirpes, and in all circumstances subject to being held in continued trust in accordance with the provisions of this Article Four. § 4.1.6.3 In the event there are no beneficiaries who qualify to receive distribution of any trust established pursuant to this Article Four, the Trustee shall distribute all of the remainder of the trust to the endowment fund of Hillsdale College, located at 33 East College Street, Hillsdale, Michigan 49242. ARTICLE FIVE TRUST FOR JASON'S CHILDREN § 5.1 The share of my estate held under the terms of this Article Five shall be administered, held, and distributed as follows: § 5.1.1 While the beneficiary is under thirty (30) years of age, the Trustee shall hold, manage, invest and reinvest the trust property, shall collect the income thereof and shall apply to or for the benefit of such beneficiary so much of the net income and, if the net income is insufficient, so much of the principal of the trust property as the Trustee shall from time to time in the Trustee's sole discretion deem necessary or proper for the beneficiary's health, maintenance, support and for the payment of"expenses of education." The term "expenses of education" means the expenses arising out of or relating to the attendance at or enrollment in any educational institution by such beneficiary, including but not limited to tuition, the cost of room and board, transportation - 5 - expenses, other miscellaneous fees, costs of studying abroad or for other similar programs, and dues for scholastic organizations. My intent for the Trustee to broadly construe the term "expenses of education" to ensure that such beneficiary maximizes his or her educational experience and that his or her educational experience is not limited because of a lack of funds. The Trustee shall annually accumulate any net income not so distributed and add the same to principal. § 5.1.2 Upon the beneficiary's attaining the age of thirty years, or if his or her trust is established on or after his or her thirtieth (30th) birthday, or upon the death of the beneficiary, whichever occurs first, the Trustee shall distribute all of the remainder of the trust to the endowment fund of Hillsdale College, located at 33 East College Street, Hillsdale, Michigan 49242. ARTICLE SIX APPOINTMENT OF FIDUCIARIES § 6.1 1 appoint my sons, CLAYTON D. SNYDER and JASON M. SNYDER, as Co- Executors of this Will. If neither of my sons, CLAYTON D. SNYDER and JASON M. SNYDER, is able or willing to act or continue to act, for any reason whatsoever, I appoint my son's wife, DARIA SNYDER, as successor Executor. All references herein to the "Executor" shall mean my originally appointed Executor or the successor Executor, as the case may be. § 6.2 1 appoint MANUFACTURERS AND TRADERS TRUST COMPANY to be the Trustee of any trust established pursuant to Articles Three, Four, or Five, above. § 6.3 Any Trustee serving hereunder may resign at any time, for any reason whatsoever, without court approval. If at any time there is a complete vacancy in the office of Trustee, then the then income beneficiary of the trust (or the beneficiary's natural or legal guardians) shall immediately appoint a substitute individual and/or corporate Trustee(s), as the case may be, to succeed to that position. § 6.4 Any corporate Trustee(s) shall not be related or subordinate to the parties appointing it within the meaning of§ 672(c) of the Internal Revenue Code. § 6.5 Any corporate Trustee shall be a financial institution with fiduciary powers. - 6 - § 6.6 A Trustee may delegate any power or discretionary authority granted hereunder, including investment authority, to a Co-Trustee by a signed instrument delivered to the Co-Trustee, either for a specified time or until the delegation is revoked by a similar instrument. Upon termination of such delegation, the delegating Trustee may accept, without audit or inquiry, the records of the Co-Trustee with regard to the delegated matters. The delegating Trustee shall have no duty to inquire into the propriety of the actions of the Co- Trustee and shall not be liable for the acts or omissions of the Co-Trustee during the period of delegation with regard to the delegated matters. Any person dealing with the Co-Trustee may rely solely upon a certificate by the Co-Trustee as to the Co-Trustee's authority to act with respect to the delegated matters. Any power or discretionary authority vested under this instrument solely in an independent or disinterested Trustee may not be delegated to a Co- Trustee who is not independent or disinterested. § 6.7 No Trustee shall be personally liable for making any delegation that is authorized hereunder, nor for any action taken without the Trustee's express agreement, nor for any failure to act, absent recklessness or willful misconduct. No Trustee shall be liable for relying absolutely on any apparently valid documents and certifications including, but not limited to, tax reports and other tax information provided to the Trustee by any entity in which any trust hereunder holds an ownership interest, and the opinions of counsel or any accountant to any trust. § 6.8 The title, powers, duties, immunities and discretions herein conferred upon the Trustee shall continue after the termination of each trust hereby created until final distribution of the particular trusts. Each successor Trustee shall have all rights, powers, titles, privileges, and duties, whether discretionary or otherwise, herein given to the original Trustee and shall be subject to the same reservations, limitations, terms and conditions. No successor - 7 - Trustee shall be liable for any claims, losses, liabilities, and expenses that may be sustained at any time because of any act or omission occurring before the date the trust property was received by the successor Trustee. The successor Trustee is expressly relieved of any duty or responsibility to audit or review the actions or accounts of its predecessor(s). § 6.9 No Trustee shall be required to file any account with any court. The Trustee may provide an annual account of the trust's condition, including receipts and disbursements, and may, at any other time deemed appropriate by the Trustee, including at the time of the death, resignation, or removal of any Trustee, provide an intermediate account. The approval in writing of an account by any recipient thereof, or the failure of the recipient to notify the Trustee in writing of any objection within thirty (30) days of delivery of the account, shall be a complete release and discharge of the Trustee with respect to the administration of the trust property for the period covered by the account and binding on all present and future beneficiaries, whether vested or contingent. For all purposes of this paragraph, the Trustee's regular trust statements shall constitute accounts. The Trustee shall have the right, at the expense of the trust, to apply at any time to a court of competent jurisdiction for judicial settlement of any account of the Trustee whether or not previously settled as herein provided, for the determination of any question of construction, or for instructions. § 6.10 Except as otherwise provided in its instrument of appointment and subject to any written agreement to the contrary, any corporate Trustee shall be entitled to compensation for its services in any fiduciary capacity hereunder, as provided for in its regularly published schedule of compensation in effect at the time such compensation is paid, including minimum fees and additional compensation for special investments and services, and such compensation may be paid at any time without court approval. Any compensation paid to a corporate Trustee shall be charged against income and principal in such manner as the corporate Trustee deems - 8 - appropriate and reasonable. Nothing herein shall prohibit an individual Trustee from receiving reasonable compensation for his or her services, but no such compensation shall serve to reduce the compensation due to the corporate Trustee. § 6.11 The current Trustee and each former Trustee shall be indemnified and held harmless by each trust created hereunder against any threatened, pending or completed action, claim, demand, suit or proceeding, whether civil, criminal, administrative or investigative, to which the Trustee is made a party, or threatened to be made a party, by reason of serving as Trustee if the Trustee acted in good faith. Such indemnification shall include expenses, including attorneys' fees, judgments, fines and amounts paid in settlement actually incurred by the Trustee in connection with such action, claim, demand, suit or proceeding and may be advanced prior to the conclusion of such matter. The cost of indemnification shall be apportioned against the various trusts created hereunder as the Trustee reasonably considers appropriate, taking into account the nature of the claims involved. § 6.12 All references herein to the "Trustee" shall mean the originally appointed Trustee or the successor Trustee(s), as the case may be. ARTICLE SEVEN POWERS OF FIDUCIARIES § 7.1 No fiduciary under this Will shall be required to give bond or other security for the faithful performance of the fiduciary's duties. § 7.2 Any such fiduciary shall have, without restriction or qualification, all powers given by law, including without limitation those under the Pennsylvania Probate, Estates and Fiduciaries Code, and in addition the following powers: § 7.2.1 To be guided by the Prudent Investor Rule and not by any other statutory or judicial rules as to the handling of estate assets and trust assets, said investment authority to include the right to invest in any discretionary - 9 - or legal common trust fund that may be administered and managed by a corporate Executor or corporate Trustee. § 7.2.2 To receive in the estate and to receive and retain in the trusts any assets, real or personal, which I may be entitled at the time of my death, which my Executor or Trustee may deem for the best interest of the estate or trusts without being required to convert or to diversify said assets § 7.2.3 To invest in, accept and retain any real or personal property, including stock of a corporate fiduciary or its holding company, without restriction to legal investments. § 7.2.4 To sell, exchange, partition or lease for any period of time any real or personal property and to give options therefor for cash or credit, with or without security. § 7.2.5 To borrow money from any person, including any fiduciary acting hereunder, and to mortgage or pledge any real or personal property. § 7.2.6 To hold shares of stock or other securities in nominee registration form, including that of a clearing corporation or depository, or in book entry form or unregistered or in such other form as will pass by delivery. § 7.2.7 To engage in litigation and compromise, arbitrate or abandon claims. § 7.2.8 To determine the apportionment of receipts and expenses, including extraordinary cash dividends, stock dividends, capital-gain dividends of regulated investment companies and proceeds and expenses of the sale of unproductive real estate, between income and principal, such apportionment to be made so as to balance fairly the interests of any income beneficiary and the remaindermen. § 7.2.9 To make distributions in cash, or in kind at current values, or partly in each, allocating specific assets to particular distributees on a non-pro rata basis, and for such purposes to make reasonable determinations of current values. § 7.2.10 Trustee shall have the power to employ attorneys, investment advisers, appraisers or accountants, and to pay for such services from the trust property. § 7.2.11 To make elections, decisions, concessions and settlements in connection with all income, estate, inheritance, gift or other tax - 10 - returns and the payment of such taxes, without obligation to adjust the distributive share of income or principal of any person affected thereby. § 7.2.12 To disclaim any interest I may have in any estate if the Executor deems such disclaimer to be in the best interests of my estate and the beneficiaries thereof. § 7.2.13 Any corporate Trustee or corporate Executor is expressly authorized to engage the services of any direct or indirect subsidiaries, partners, affiliates, employees, agents, officers, and/or directors of any such Trustee or Executor (referred to as "Affiliates")to manage or advise on the investments of any trust or estate, to invest in mutual funds offered or managed by any Affiliates, or to act as broker or dealer to execute transactions and to provide other services with respect to any trust or estate assets, including purchasing, in the discretion of the Trustee or Executor as a fiduciary, any securities currently distributed, currently underwritten, or issued by Affiliates. Any of the foregoing transactions shall not be construed as acts of self-dealing or a conflict of interest. § 7.2.14 To borrow money for any purpose from any source, including any corporate Trustee, in its fiduciary or corporate capacity, or any of its affiliates or any other fiduciary at any time acting hereunder, and to secure the repayment of any and all amounts so borrowed by mortgage or pledge of any property. Trustee may guarantee loans from any source or entity, including the Trustee, in its fiduciary or corporate capacity, or any of its affiliates or any other fiduciary at any time acting hereunder, for any purpose and upon such conditions as the Trustee deems proper. Trustee may make loans, secured or unsecured, subordinate or otherwise, to any person, including but not limited to any one or more beneficiaries of any trust; provided however, that any loan to a beneficiary bear adequately stated interest. § 7.2.15 To allocate, in the Executor's sole and absolute discretion, any portion or all of my exemption under Section 2631(a) of the Internal Revenue Code ("My GST Exemption"), to any property as to which I am the transferor, including any property transferred by me during my lifetime as to which I did not make an allocation prior to my death. Any such election or allocation shall be binding upon the Trustee and any beneficiary of any trust created hereunder. The Trustee is directed to divide any trust created under this Will into two (2) or more separate trusts, if necessary, to segregate the portion or portions of the trust or trusts created hereunder over which My GST Exemption (the "GST Exempt Trusts") from the portion or portions of the trust or trusts created hereunder over which My GST Exemption has not been allocated (the "Non-GST Exempt Trusts"); provided, however, that any such separated trusts shall be held, administered and disposed of in accordance with the terms hereunder as identical trusts in all other respects. - 11 - § 7.2.16 To allocate any portion of my exemption under Section 2631(a) of the Internal Revenue Code and to make any tax elections. § 7.2.17 1 exonerate my Executor and my Trustee from any liability arising from any exercise or failure to exercise these powers, provided the actions (or inactions) of my Executor or Trustee are taken in good faith. ARTICLE EIGHT TAXES, DEBTS, AND EXPENSES § 8.1 1 direct that any of my legally enforceable debts, any expenses of my last illness, funeral and burial, and any of the administrative expenses of my estate shall be paid as soon as conveniently may be done following my decease. § 8.2 1 direct that all state and federal transfer inheritance tax, estate tax or any other similar tax, including any interest or penalties thereon, that may become due and payable because of my death, with respect to property which is part of my estate for death tax purposes, whether or not such property passes under this will, shall be paid by my estate, just as if such taxes were my debts, and no beneficiary shall be required to pay or refund any part of such taxes. Taxes on future interests may be prepaid. ARTICLE NINE MISCELLANEOUS PROVISIONS § 9.1 As used in this Will, the term "Internal Revenue Code" shall mean the Internal Revenue Code of 1986, as amended from time to time, or the corresponding provision of subsequent law. § 9.2 No assignment or order by any beneficiary by way of anticipation of any of the principal or income of the trusts herein created shall be valid; but the income and principal shall be paid directly to the beneficiaries entitled to receive it, and the income and principal shall - 12 - not be subject to attachment, execution, levy, sequestration, hypothecation, garnishment or other process while in the hands of Trustee. § 9.3 All references in my Will to children and issue shall include those born or adopted, either before or after the date of my Will. Adopted persons shall be considered as children of their adoptive parents, and they and their descendants shall be considered as issue of their adoptive parents, regardless of the date of the adoption. IN WITNESS WHEREOF, I have hereunto set my hand and seal this 12th day of September, 2013. (SEAL) CARL W. SNYDER, JR. Signed, sealed, published and declared by the above named CARL W. SNYDER, JR., as and for his Last Will, in the presence of us and each of us, who, at his request and in his presence and in the presence of each other, have hereunto subscribed our names as witnesses thereto the day and year last above written. Residing at gr'c'o fib..,. /d- Residing at - 13 - 1I COMMONWEALTH OF PENNSYLVANIA ss. COUNTY OF DAUPHIN We, CARL W. SNYDER, JR., the Testator, Timothy M. Finnerty and , the witnesses, whose names are signed to the attached or foregoing inst ment, being first duly sworn, do hereby declare to the undersigned authority that the Testator signed and executed the instrument as his Last Will; that the Testator signed willingly and executed it as his free and voluntary act for the purposes therein expressed; that each subscribing witness in the hearing and sight of the Testator signed the Will as a witness and that to the best of his or her knowledge the Testator was at that time eighteen (18) years of age or older, of sound mind and under no constraint or undue influence. C—��( to J��— z- A,"I't CARL W. SNYDER, JR. Witnes Witness Subscribed, sworn to and acknowledged before me by CARL W. SNYDER, JR., the Testator, and subscribed and sworn to before me by Timothy M. Finnerty and� the witnesses, this 12th day of September, 2013. Not I ry Public (SEAL) COMMONWEALTH OF PENNSYLVANIA Notarial Seal Kimberly A.Costley,Notary Public City of Harrisburg,Dauphin County My Commission Expires Jan.4,2017 - 14 -