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Home My WebLink About01-0718 PETITION FOR PROBATE and GRANT OF LETTERS Estate of' (!/j\ar I~><~ 1<. ~ e~d -/ No., r:21- D) - 7 J? also known as To: Register of Wllls for the J _ j Deceased. County of (~um/?e.r.gznQJn the Social Security No. c:? J --) - / ~ - J7 ~ gO Commonwealth of Pennsylvania The petition of the undersigned respectfully represents that: Your petitioner(s), who is/are 18 years of age or older an the execut in the last will of the above decedent, dated ::;-J-i-, I and codicil(s) dated named ,19~ ~dc)O i, s Except as follows, decedent did not marry, was not divorced and did not have a chi born or adopted after execution of the will offered for probate; was not the victim of a killing and was never adjudicated incompetent: Decendent at death owned property with estimated values as follows: (If domiciled in Pa.>. All personal property. (If not domiciled in Pa.) Personal property in Pennsylvania (If not domiciled in Pa.) Personal property in County Value of real estate in Pennsylvania situated as follows: $ ~~/(JCJtJ. c:r-v $ $ $ C ; ("J (!J WHEREFORE, petitioner(s) respectfully request(s) the probate of the last will and codicil(s) presented herewith and the grant of letters theron. (testamentary; administration c.t.a.; administration d.b.n.c.La.) ~ ll) C) c:: ll) :g~ "'...... ll).... a:;ll) c:: ~o c::": ~.= 3~ ll) '- ;0 ~ c:: 0() ri5 ~ ,e~~ OATH OF'PERSONAL REPRESENTATIVE COMMONWEAL'lH OF fENN~YLV~IA 'ss COUNTY OF Camb~v-{CLvJ . J -- Sworn to or affirmed and before me this ?nn A~ ~tp8.~ /10 -d~7 - / d.. The petitioner(s) above-named swear(s) or affirm(s) that the statements in the foregoing petition are true and correct to the best of the knowledge and belief of petitioner(s) and that as personal represen- tative(s) of the above decedent petitioner(s) will wel d truly administer the estate according to law. ~~~k~ ()Q' ::lI 1::1 .... s::: ~ ~ subscribed { day of U2QQL Register No. 21-01-718 Estate of CHARLES R. REED , Deceased DECREE OF PROBATE AND GRANT OF LETTERS AND NOW AUGUST 3 ~001 ,in consideration of the petition on the reverse side hereof, satisfactory proof having been presented before me, IT IS DECREED that the instrument(s) dated FEB. 1,1999 described therein be admitted to probate and filed of record as the last will of CHARLES R. REED TESTAMENTARY JEANNE COBB REED and Letters are hereby granted to '1>1aj e.. ~11>U> ili.J?B.r;)2M~\ Register of'Wills I FEES Probate, Letters, Etc. ......... $ nO 00 Short Certificates( ).......... $ 3. 00 Renunciation ................ $ ~asages $ 36.00 5.00 TOTAL _ $104.00 Filed ....... p.ggq.~t. .3.,.~90).. . . . . . . . . . . . . ATTORNEY (Sup. Ct. 1.0. No.) ADDRESS PHONE :](lS.R(1~ ~vh~;(, is to certify that the information here given is correctly c~pied fro~ an original certificate of death dul~ filed with me as Local Registrar. The original certificate will be forwarded to the State Vital Records Office for permanent filmg. WARNING: It is illegal to duplicate this copy by photostat or photograph. Fee for this certificate, $2.00 p 7619019 No. . If /J ..,; ~~ ~'/~G}~~ Local Registrar _ JUL 2 8 2001 Date COMMONWEALTH OF PENNSYLVANIA · DEPARTMENT OF HEALTH. VITAL RECORDS CERTIFICATE OF DEATH SEX a. Male. 13. UNDER 1 YEAR Monh llep UNOIEA 1 DJt/ HounI : """'- : 8lATHPI.ACf (C..., and PlACE OF DEAfH ICI'>eclo 0Ny 1)1'4I-- __ .....,'ucloOnS on _ _I $We 01 F creogn CounIrYl HOSPITAl.; all-lEA: UppVl. Lawn I P A .".,....... 0 ER/OuIrl8Iieft1 0 ~ 0 :::0 ~ 7. ... FACllfTV NAME (H no! """""""". glve scr"", ."., number, ~o CumbVtfund lie. ClVLwle. Ill. Chwr.c.h 06 God Nwr..6.i.ng Home. KlHO OF BUSlHESSIlHOUSTRV wu DECEDENT EVER IN DECEDENT'S EDUCATION U.S. ARMEOFOAClES? ... [J No 0 DECEOENT'S USUAL 0CCUMrI0N (~-=:~C::'::::2.=r llL Sa.6e.ty Spec.~t 11.. HVl..6hey Food.!.> DECEDENT'S MAILINO ADDRESS (SIr-. ~. sr.. Zip Codel DECEDENT'S 801 N01l.th HanovVt StJteet ~~ CaJr.l.i...6le., PA 17013 on 0::::- Ia. FRHEA'S N.UtE IForst. ....,.... La8ll I., ChaJr.le..6 Ho66Vt Reed INf'OflMAHT'SNAME P:~ MIt.6. Ne.t:da. Jeanne Reed METHOOOF 0ISP0Sm0H O .... 0 c--. ~ "-'-'-&.t.o 0aMIi0n 0lIw ($pecIyl lL SlGHRUAE OF ~ (0-12) 12 12. 17a. SUle PA 1711. N. II. 21. U. MIlT I: E_ tile........ injuriMw ~wIlich cauMd Ihe death Do _ .n1..1he mode 01 LieI anlr- _ on_..... c€.tl.cl6~~~ V^.r(.\A.~ ~HI tJ~IVT DUE 10 (OR AS A CONSEQUENCE Of): "" c... L. 1"1 '" 1- C F d. DUE 10 (OR AS A CONSEQUENCE OF): DUE 10 (OR AS A CONSEQUENCE OF): llWI AN AlI10PSV WERE AU10PSV F1NDlNGS IolAHNER OF CERN DATE OF INJURY PEAFORIolEO? ~PfllOfl1O tMonlh. Day. .....1 ~OFCAUSE CJ...-- Of'DERH1 N81urel lfomiCide Ace-.. 0 PancIing IIweIlIgatlon '1M 0 No ..0 NorJ! Suicide 0 Could _ be deI.nn_ 2Ilo. 21. CGI'n'lEII fC/leck only ONI oC8lTI'YlNG I'HVSICIAN (PhYt'C*' ~ cause oJ _ ..,..,. MlOIheIIlhYIICo;on has pronouncec:t de.... ana cCltY\llleled ttem 231 To ... ..... of..." ............. ._ occ_ _...... .....Mi.)..... -....e, .. ..._. . . .. . . . . .. .. . . . . .. . .. .. . . .. . . . . .. . . . . .. . .. .. . . . . . .. . 'l'ROMOllNClNG AND CERTll'V1NQ PHYSICtAIf If'hyooc:wlllOl/l POonounc:lI1O _ and certllytng to cause 01 deathl To........ot..,..nowfedge........ecc...,..,....._.det.. .ndplac..-_Io....c.UM(.I_menn.' ......,".......................... "tIEDlCAL EXAMlNERfCORONEA On "'- bula of ..lIIIIlnallOn and/or Invuttvalion.1n my opInion. cr.alh OCl;uned 81111e Ulna. da'a. and place. and due to llIe cav..(.) and 31a~"" 81aled.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 TAAR'S SIG HER J/./ep/f'4 I 33. STArt FIlE loIUMKR SOCIAl. SECURITY NUMBER DATE OF DEATH ,Mcnoh. Oa~._l 3. 215 12 - 8680 .. 7-25-2001 Old decadent ... in. --'7 1.. Wh.i.te 1olARlTAl. SWU8. ...... ~ Merriacl. WIclDoooed. (lc::r.l ,.. MrlJr."rre.r 17c.O .... decadenllHed in SURVIVING SPOuSE el..... gove"'-_I Nelda. Jea.nne Cobb 1.. CaJr.l.i...6le eiIy:lM. 17013 K. f~ '__1leIWMl\ : _1IllCI deaIIl I ~.....,() bA,1 PART I: 0Iher signiae.. -..Ilione ~ IOdeaIIl. bUt _-.ling inlhalfllCllllwin8 _ g;.. in fIIUn' I. (O~()lVt\lrt '1 AJt,ia;- .t...., f)(.tt=:,-.,I'E (;) H f' i~if "L( (>01\ TIME OF INJURY INJURY Af WORK? DESCAI8E HOW INJURY OCCURRED. ... 0 NoD d;)C)o/ r 1Easl IIIUI aub QTtslattttnl OF CHARLES R. REED I, CHARLES R. REED, of 23 Abbey Court, Carlisle, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do make, publish and declare this as and for my Last Will and Testament, hereby revoking and making void any and all former Wills, Codicils, or writings in the nature thereof, by me at any time heretofore made. FIRST: I hereby order and direct my Executrix, hereinafter named, to pay all my just debts, funeral expenses, testamentary expenses and all Inheritance, Estate, Transfer and Succession Taxes, as soon as may be conveniently done after my death, out of my residuary estate. SECOND: I hereby give to my wife, JEANNE COBB REED, all of my personal effects, clothing, furniture, furnishings, jewelry, automobiles, and any other tangible personal property of every kind and any insurance thereon, provided she survives me for a period of thirty (30) days. If she shall not so survive me, then I give the same in equal shares to all of my children, KAREN GRENOT, of 837 Meadow Lane, Camp Hill, Pennsylvania 17011, BARBARA McMULLIN, of 28 West Oakwood Drive, Carlisle, Pennsylvania 17013, and NANCY GUillOTTE, 1548 S. E. Dorit Avenue, Port S1. Lucie, Florida 34952, to be divided among them as they may agree, or if they are ... unable to agree, as my Executor may decide. Any items of value not so disposed of shall be sold by my Executor, and the proceeds added to my residuary trust. THIRD: In the event that my wife, JEANNE COBB REED, survives me, I give to my Trustee, IN TRUST, for the benefit of my wife, to hold in trust (hereinafter referred to as Marital Deduction Trust), assets equal in value to an amount which, when added to the final estate tax value of all of the property included in any gross estate which passes to my wife, and which qualifies for the federal estate tax marital deduction, will entitle my estate to the minimum federal estate tax marital deduction, allowable in determining the federal estate tax payable by reason of my death, necessary to reduce my taxable estate to an amount on which no federal estate tax is due and the federal unified credit available to my estate is fully utilized; provided that the allocation to this trust shall be satisfied only from assets qualifying for the marital deduction. My trustee shall invest and manage the marital deduction trust in a manner which will not disqualify the marital deduction, and will make distributions as follows. My trustee shall invest and manage the marital deduction trust in a manner which will not disqualify the marital deduction, and will make distributions as follows. My Trustee shall be my daughter, KAREN GRENOT, of 837 Meadow Lane, Camp Hill, Pennsylvania. In the event that she is unwilling or unable to serve as Trustee, then my daughter, BARBARA McMULLIN, of 28 West Oakwood Drive, Carlisle, Pennsylvania, shall serve as Trustee. In the event that she is unwilling or unable to serve as Trustee, then my daughter, NANCY GUILLOTTE, 2 of 1548 S. E. Dorit Avenue, Port St. Lucie, Florida. In the event that she is unwilling or unable to serve as Trustee, then I appoint SMITH BARNEY PRIVATE TRUST COMPANY, as Trustee. A. During my wife's lifetime: (i) The entire net income shall be paid to her at least monthly: (ii) As much of the principal as my trustee may from time to time think desirable for her welfare, comfort or support shall be paid to her; and (iii) She shall have the unrestricted right to withdraw any part or all of the principal at any time. B. On my wife's death, any then remaining principal shall be paid to such one or more persons or organizations, including her estate, on such terms as she may appoint by a will specifically referring to this power of appointment. C. If my wife does not exhaust her power of appointment under the preceding paragraph, on her death: (i) Any increase in death taxes or administration expenses in her estate caused by inclusion of this trust in it for tax purposes shall be paid out of the unappointed principal, and a written statement by his executor or administrator of the amounts payable may be accepted as correct; and (ii) The balance of the unappointed principal shall be added to and thereafter treated as a part of the principal of the Residuary Trust, as identified below. FOURTH: After my death, my Trustee shall invest and manage all the property not allocated to the Marital Deduction Trust as a separate trust, referred to as the Residuary Trust, and make distributions as follows: 3 A. If my wife, JEANNE COBB REED, survives me, during her lifetime: (i) The net income shall be paid to her in monthly or other convenient installments; (ii) as much of the principal as my trustee may from time to time think desirable, taking into account funds available from other sources, for the health, support, maintenance or education of my wife shall be paid to her or shall be applied directly for those purposes. However, none of the principal of this trust shall be paid or applied for the benefit of my wife unless the principal of the marital deduction trust has been exhausted or withdrawn; and (iii) After the Marital Deduction Trust has been exhausted or withdrawn (or after my death if no Marital Deduction Trust will be established), my wife shall have the right in each calendar year to withdraw the greater of the following amounts: up to $5,000.00 or up to 5% of the fair market value of the principal of the trust estate, determined as of the end of the calendar year. This limited right to make withdrawals from the principal of the trust estate is noncumulative, so that an amount which might have been withdrawn during a particular year may not be withdrawn in any subsequent year. B. Upon my wife's death, if she survives me, or mine if I survive her, my Trustee shall distribute the entire remaining principal of this Trust in equal shares to my children, KAREN GRENOT, of 837 Meadow Lane, Camp Hill, Pennsylvania 17011, BARBARA McMULLIN, of 28 West Oakwood Drive, Carlisle, Pennsylvania 17013, and NANCY GUillOTTE, 1548 S. E. Dorit Avenue, Port St. Lucie, Florida 34952, per stirpes, 4 and not per capita. Should any of my children predecease me without issue, her share of my estate shall be divided equally among the surviving children, or their issue, as applicable, in equal shares. FIFTH: In funding the Marital Deduction Trust, only property eligible for the marital deduction shall be used. Property distributed in kind in satisfaction of the marital deduction shall be distributed at the lower of (i) its value at the time of its distribution and (ii) its adjusted federal income tax basis. Subject to the foregoing and without regard to the effect upon the size of the Residuary Trust, my trustee shall have absolute discretion in selecting the property to be allocated to the Marital Deduction Trust. SIXTH: All federal, state and other death taxes payable because of my death shall be paid out of the principal of the Residuary Trust. None of those taxes shall be charged against the Marital Deduction Trust or any beneficiary, and no property which would be otherwise exempt from federal or state death taxes shall be used to pay any death taxes under this article, or attributable to my estate generally. SEVENTH: The following provision shall apply if, and only if, my alternate Trustee, SMITH BARNEY PRIVATE TRUST COMPANY, serves as Trustee under either Trust created in this Will: A. Employment of Assets by Trustee. The Trustee may employ attorneys and such other persons including auditors, investment advisors and/or agents, even if such persons are affiliated or associated with the Corporate Trustee to advise or 5 assist the Trustee in the performance of administrative duties, to act without independent investigation on their recommendations and instead of acting personally, to employ one or more agents to perform any act of administration, whether or not discretionary. The fees, compensation and expenses of such attorneys and such other persons, including those persons who are affiliates of the Corporate Trustee shall be, unless already included in the compensation of the Corporate Trustee as set out in its prevailing schedule of fees, in addition to the compensation of the Trustee and shall be an expense of the Trust. The services including discretionary services which may be performed by affiliates of the Corporate Trustee may include but not be limited to: 1. Investment Advisory. The retained affiliate may manage the investment of trust assets or advise on the investment of such assets directly or through the retention of investment mangers who may also be affiliates of the Corporate Trustee. 2. Custody. The retained affiliate may be custodian of all or part of the trust assets. 3. Brokerage. The retained affiliate may execute or effect transactions for the Trust and provide such other services to the Trust as are normally provided by a broker dealer. B. Investments. In addition to investments otherwise authorized by this Trust the Trustee(s) and any Investment Advisors retained by the Trustee(s) are authorized to invest in the following investments: 6 1. Registered investment companies (mutual funds) which are offered, managed or to which services are provided by affiliates of the Corporate Trustee, and such affiliates are compensated by such mutual funds for such services. 2. Securities, instruments of deposit, insurance contracts or policies, or other property distributed, underwritten or issued by an affiliate of the Corporate Trustee, or sold as an agent by an affiliate of the Corporate Trustee. 3. To the extent that the Trust is invested in securities issued by an affiliate of the Corporate Trustee, and such securities have voting rights, the voting of such securities shall be directed by the Co-Trustee, if applicable, or otherwise by the individual who, pursuant to the terms of the Trust, has the authority to direct the purchase or retention of such securities. Pursuant to any of the above investments the affiliate will be compensated (directly or indirectly) as it would be in comparable transactions in which an affiliate is not involved and such compensation shall be in addition in the compensation of the Corporate Trustee, as Trustee of this Trust. C. Compensation. The Corporate Trustee shall be compensated in accordance with its schedule of fees in effect at the time such services are performed. In addition to such fees, the Corporate Trustee; or its affiliates shall also be entitled to receive any payments under Rule 12-b-1 of the Investment Company Act of 1940 from any registered investment company. 7 D. Bond. The Corporate Trustee shall not be required to post bond in any jurisdiction for the faithful performance of its duties hereunder. E. Liability of Trustee. In addition to and not in derogation of any other hold harmless or indemnification provisions of the Trust which may apply to the Trustee(s) the Corporate Trustee shall be held harmless from and not be responsible for actions or inaction's hereunder unless such actions or inactions constitute negligence or willful misconduct. The Corporate Trustee shall not be responsible for any actions or inactions of any predecessor or successor Trustee and shall only be responsible for assets of this Trust upon receipt of such assets and during the period for which it retains such assets. These provisions shall survive the period during which the Corporate Trustee shall be acting as Trustee hereunder. F. Termination of Small Trust(s). Trustee(s) reserves the right to terminate any Trust hereunder without necessity of court approval if Trustee(s) believes such Trust to be too small to administer economically or practically. In the event of such termination the Trustee(s) shall transfer the assets of such Trust to those individuals under the Trust entitled to net income from the Trust at the time of such distribution and shall have no liability to any other beneficiary of such Trust. G. Merger or Consolidation of Trustee, Successor Trustee. If the Corporate Trustee is merged or consolidated with or transfers substantially all of its assets to another corporation, or is in any other manner reorganized or reincorporated, 8 the resulting or transferee corporation shall become Trustee in place of the Corporate Trustee and, in such capacity, shall possess and exercise all right, title, powers, authorities and directions granted the Corporate Trustee. The Corporate Trustee also has the right to appoint an affiliated corporation with trust powers as successor to itself hereunder upon written notice to the Grantor(s) or Settlor(s), or Trustee(s), if living, otherwise to the adult beneficiaries of the Trust entitled to income at the time of such appointment. If such appointment takes place the situs of the Trust for the purposes of administration shall be the domicile of the successor. H. Resignation. The corporate Trustee may resign by giving thirty (30) days advance written notice to the Grantee(s), Settlor(s) or Trustee(s), if living, otherwise to the adult beneficiaries entitled to income a the time of such resignation. I. Disability. For purposes of this Trust, the Grantor(s) or Settlor(s) or Trustee(s) shall be considered disabled, incapacitated or incompetent only if so declared by a Court of competent jurisdiction or if so certified in writing by two licensed physicians familiar with Grantor(s), Settlor(s) or Trustee(s). The Trustee(s) shall not be considered to be on notice of any such disability, incapacity or incompetence unless and until Trustee(s) has received a copy of such Court Order or written certifications. J. Registration. This Trust shall not be subject to the registration with or supervision by any Court. 9 LASTLY: I nominate, constitute and appoint my wife, JEANNE. COBB REED, to be the Executrix of this, my Last Will and Testament. In the event that she does not survive me, or her health is not such as to enable her to serve as Executrix, or she is unwilling or unable to serve for any reason, I appoint my daughter, KAREN S. GRENOT, of 837 Meadow Lane, Camp Hill, Pennsylvania, to serve as the Executrix of this my Last Will and Testament. No Executor or Executrix shall be required to file bond in this or any other jurisdiction. I confer upon my Executor or Executrix the right to sell or otherwise convert any real or personal property at public or private sale, and upon such terms as my Executor or Executrix shall determine, and to execute and deliver good and sufficient conveyances, assignments and. transfers thereof, without liability of any purchase or for the application of any consideration; to obtain any investments at discretion; to borrow money and to secure its repayment by a Mortgage of real or personal property, a pledge of investments or otherwise, without liability on the part of the lender to see to the application thereof; to invest and reinvest at discretion, without restriction to so called "legal investments"; to make distributions in cash or in kind; and to do all other acts and things necessary or appropriate in the management, administration or distribution of my estate. 10 I-;,f I IN WITNESS WHEREOF, I have hereunto set my hand and seal this ---- day of r~~~7 - cL~ 0-< ~cL Charles R. Reed SIGNED, SEALED, PUBLISHED and DECLARED in the presence of: 11 , 1999. COMMONWEALTH OF PENNSYLVANIA ss COUNTY OF CUMBERLAND I, CHARLES R. REED, Testator, whose name is signed to the attached or foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed and executed the instrument as my Last Will; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. Swom or affirm~ to and a~owtedged before me, by CHARLES R. REED, the Testator, this _\ 4-t dayof ~ful~ ,1999. ci~ 'K ~1 Charles R. Reed , Testator ~~.A.k.},.o\c\o/ Not Public NOTARIAL SEAL I TERE8A J. IIM.JAtCHOLDER, Notary PublIc CarlIle, Cumbertand County, PA My CotMttaalon Ellpires Feb. 21, 2000 12 COMMONWEALTH OF PENNSYLVANIA ss COUNTY OF CUMBERLAND We, Jarnp-~ n Fl owp-r, Jr and Merlene Marhevka , the witnesses whose names are signed to the attached or foregoing instrument, being duly qualified according to law, do depose and say that we were present and saw Testator sign and execute the instrument as his Last Will; that he signed willingly and that he executed it as his free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the Testator signed the Will as witnesses; and that to the best of our knowledge the Testator was at that time 18 or more years of age, of sound mind and under no constraint or undue influence. and Merlene Marhevka Sworn or affirmed to and subscribed to before me by James D. Flower, this ~ ~\ r. 1999. daYOf"~~ ~A~~~>>-I~ Witness . ~~~.~ Notary Publ NOTNIAl SEAl , .~j:jE8A J. I!M.JINCHOLDER. Notary Public CarlIsle, CumbIMnd Count', :;;A :'1 CofnmiII6on &pRe Fe '2000 13 ~ .'-- CERTIFICATION OF NOTICE UNDER RULE 5.6(a) Name of Decedent: CHARLES R. REED Date of Death: July 24, 2001 Will No. Adm. No. 2101-0718 To the Register: I certify that Notice of (Beneficial Interest) Estate Administration required by Rule 5.6(a) of the Orphans' Court Rules was served on or mailed to the following beneficiaries of the above-captioned estate on ~.fe "cu1h\,;l~ 36, 2001. <9.A-CA.hrfh...... I 3 Name Address Jeanne Reed 23 Abbey Ct., Carlisle, P A 17013 Notice has now been given to all persons entitled thereto under Rule 5.6(a) except: None CJd"~&~ '. <'~ William S. Daniels, Esquire One West High Street, Suite 205 Carlisle, PA 17013 717-243-3831 Date: /2 -/3- ht>/ Counsel for Personal Representative - o N c;::? ,:;( n.: ..- z: , '\ ~ c.,,:) c:J ~;:: ,~ , {l) " .0 "t:: ~ \1>= Go if~ o ;:,:)) om <1>0: a: p /h-C::;~7-/~ ~ BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION DEPT. 280601 HARRISBURG I PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE INHERITANCE TAX RECORD ADJUSTMENT * .., REV-1593 EX AFP lD1-0S> DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 03-21-2003 REED 07-25-2001 21 01-0718 CUMBERLAND 101 Allount Rellitted CHARLES R W S DANIELS HUMER S DANIELS 1 W HIGH ST STE 205 CARLISLE PA 17013 MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 NOTE: To insure proper credit to your account, subllit the upper portion of this forll with your tax paYllent. CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ ifEi=is93-ix-AFP--co-i=oi.r-----..-iiiHiiiTANCi-yjri-iE"cORU--AUjUSYMENY-..----------------------------- ACN 101 03-21-2003 ESTATE OF REED CHARLES R F I L E NO. 21 01- 0718 DATE 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Stock/Partnership Interest (Schedule C) 4. MOrtgages/Notes Receivable (Schedule D) 5. Cash/Bank Deposits/Hisc. Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) 7. Transfers (Schedule G) 8. Total Assets DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Administrative Costs/ Miscellaneous Expenses (Schedule H) Debts/Mortgage liabilities/liens (Schedule I) Total Deductions Net Value of Tax Return Charitable/Governllental Bequests; Non-elected 9113 Trusts (Schedule J) Net Value of Estate Subject to Tax ADJUSTMENT BASED ON: VALUE OF ESTATE: PROTEST BOARD DECISION 10. 11. 12. 13. 14. TAX: 15. Allount of line 14 at Spousal rate 16. Allount of line 14 taxable at lineal/Class A rate 17. Allount of line 14 at Sibling rate 18. Allount of line 14 taxable at Collateral/Class B rate 19. Principal Tax Due TAX CREDITS: (1) (2) (3) (4) (5) (6) (7) .00 207,020.00 .00 .00 26,072.10 .00 177,009.40 (8) 410,101.50 (9) UO) 7,410.50 5,956.54 (11) (2) (13) (14) 13,367.04 396,734.46 .00 396,734.46 US) (16) (17) (18) 396,734.46X 00 = .00 X 045= .00 X 12 = .00 X 15 = (19) .00 .00 .00 .00 .00 ".......... KC,",C.Lf'"I II l" J AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) TOTAL TAX CREDIT .00 BALANCE OF TAX DUE .00 INTEREST AND PEN. .00 TOTAL DUE .00 . IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS lESS THAN $1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A '"CREDIT'" (CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) ,. ~ BOARD OF APPEALS DEPT. 281021 HARRISBURG, PA 17128-1021 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE WILLIAM S DANIELS ESQ HUMER & DANIELS 205 FARMERS TRUST BLDG 1 W HIGH ST CARLISLE PA 17013 IN RE ESTATE OF: CHARLES R REED DOCKET NO.: 0220456 TAX TYPE: INHERITANCE APPEAL TYPE PROTEST FILE NUMBER: 2101-0718 ACN: 101 APPRAISEMENT: 07-08-02 PETITION FILED: 09-10-02 EXAMINER: LISA GARLAND DIAZ Direct Dial: (717) 772-3736 Fax: (717) 787-7270 Email: Idiaz@state.pa.us MAILING DATE: MARCH 6,2003 DECISION AND ORDER On July 8,2002, the Department issued an appraisement and assessment that deferred the tax on the $219,725.06 residuary trust provided for under Article Fourth of decedent's Will. Petitioner is protesting that action by arguing there was no requirement for the trust proposed in the Will and all parties of interest elected not to establish a trust. Petitioner requests that the amount taxable at the zero percent spousal rate be reinstated to $396,734.46 "for the protection of the record, avoiding any expectation in future relevant returns for a corresponding trust to appear among the assets." Upon review of the evidence, the Board concurs that tax should be imposed on the $396,734.46 net estate at the zero percent rate. Page 1 of 2 ., " ~ ESTATE OF CHARLES R REED BOARD DOCKET NO. 0220456 Page 2 of 2 "I> Accordingly, it is hereby, Ordered that the protest is sustained. The Department is directed to issue an amended appraisement and assessment imposing tax on the $396,734.46 net estate at the zero percent spousal rate. FOR THE BOARD OF APPEALS JOSEPH R. SLEEK, BOARD MEMBER A STATEMENT OF ACCOUNT WILL BE MAILED TO YOU BY THE BUREAU OF INDIVIDUAL TAXES. ANY APPEAL FROM THIS DECISION MUST BE FILED WITH THE ORPHANS' COURT WITHIN SIXTY (60) DAYS OF RECEIPT OF THIS DECISION. IF YOU REQUIRE THIS INFORMATION IN AN ALTERNATE FORMAT UNDER THE PROVISIONS OF AMERICANS WITH DISABILITIES ACT OF 1990, PLEASE CALL (717) 783-3664, OR FOR SERVICES FOR TAXPAYERS WITH SPECIAL HEARING AND SPEAKING NEEDS: 1-800-447-3020 (TT ONLY) / (,-- r2 Y '7 - / .;2~. / ~ BUREAU OF INDIVIDUAl'TAXES INHERITANCE TAX DIVISION DEPT. 280601 HARRISBURG, PA 17128-0601 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAISEHENTJ ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSHENT OF TAX DATE ESTATE OF DATE OF DEATH . ,F,ILE NUMBER ;\j 1 ":'COUNTY ACN 07-08-2002 REED 07-25-2001 21 01-0718 CUMBERLAND 101 '02 JUL -9 W S DANIELS HUMER 8 DANIELS \, 1 W HIGH ST STE 205 f".,-,- CARLISLE PA 1701~J\i i '* REY-1547 EX AFP C01-02) CHARLES R Anount Renitted (1) (2) (3) (4) (5) (6) (7) .00 207,020.00 .00 .00 26,072.10 .00 177,009.40 MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ REY=is4j-i:x-AFP--fol-:ozj--No'ficE-oF--fNHEiiiTANci-YASrA-PPRA-isEirENT~--Ai:.t-ciwANci-OR----------------- DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF REED CHARLES R FILE NO. 21 01-0718 ACN 101 DATE 07-08-2002 TAX RETURN WAS: ( ) ACCEPTED AS FILED ( X) CHANGED SEE ATTACHED NOTICE RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Stock/Partnership Interest (Schedule C) 4. Hortgages/Notes Receivable (Schedule D) S. Cash/Bank Deposits/"isc. Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) 7. Transfers (Schedule G) 8. Total Assets APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adn. Costs/Hisc. Expenses (Schedule H) 10. Debts/"ortgage Liabilities/Liens (Schedule I) 11. Total Deductions 12. Net Value of Tax Return 13. Charitable/Governnental Bequestsj Non-elected 9113 Trusts (Schedule J) 14. Net Value of Estate Subject to Tax I~ an assessment was issued previoUSly. lines 14, 15 and/or 16. 17. 18 and 19 will reflect figures that include the total of ALL returns assessed to date. ASSESSMENT OF TAX: 15. Anount of Line 14 at Spousal rate (IS) 16. Anount of Line 14 taxable at Lineal/Class A rate (16) 17. Anount of Line 14 at Sibling rate (17) 18. Anount of Line 14 taxable at Collateral/Class B rate (18) 19. Principal Tax Due TAX CREDITS: NOTE: (9) nO) 7J410.50 NOTE: To insure proper credit to your account, subnit the upper portion of this forn with your tax paYllent. (8) 410,101.50 5.956.54 (1l) (12) (13) (14) 177,009.40 X 00 = .00 X 045 = .00 )( 12 = .00 X 15 = 13.367 04 396J734.46 219J725.06 177,009.40 (19)= .00 .00 .00 .00 .00 ..."',n&;n. .u....~... . II [+T A"OUNT PAID DATE NUHBER INTEREST/PEN PAID (-) TOTAL TAX CREDIT .00 BALANCE OF TAX DUE .00 INTEREST AND PEN. .00 TOTAL DUE .00 . IF PAID AFTER DATE INDICATEDJ SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. ( IF TOTAL DUE IS LESS THAN $lJ NO PAY"ENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR)J YOU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FOR" FOR INSTRUCTIONS.) REV.1470 EX (6-88) '*' INHERITANCE TAX EXPLANA TION COMMONWEALTH OF PENNSYLVANIA OEPARTMENT OF REVENUE OF CHANGES BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG PA 17128-0601 DECEDENT'S NAME FILE NUMBER Charles R. Reed 2101-0718 REVIEWED BY ACN Bill Lyons 101 SCHEDULE ITEM EXPLANATION OF CHANGES NO. The estate is deferring the tax on the trust. . , ROW Page 1 J ~ . t:K Name of Decedent: STATUS REPORT UNDER RULE 6.12 ~ cEf)) O,{l9r~ K. , 7 - Z7-~O/ Date of Death: Will No.: Admin. No.2/Cl /-0 ?/8 Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: ., 1. State whether adnlinistration of the estate is complete: Yes ~ No 0 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: 3. If the answer to No. 1 is Yes, state the following: a. Did the personal representative file a final account with the Court? Yes No ~ b. The separate Orphans' Court No. (if any) for the personal representative's account is: c. Did the personal representative state an account informally to the parties in interest? Yes R1 No 0 Date: c. Copies of receipts, releases, joinders and approval of formal or informal accounts may be filed with the Clerk of the Orphans' Court (; -/3':; may be attached to thik.rt/ >>~~ Signature k~ s-; >>'l~/e~ Name .-L ~, ~ L S'T:; S',tL. 2.eS" C'/j/LLIS-~~/'.1- I:j-c;/ 3 Address :() \0 -:::r ,-.{ ~:l_ N D- rv"\ ,] Z :::::J J \.'...1 '7l19-'-2-"/3-38:3/ Telephone No. cei .. ,..0 ';. E ,,) - :30 Capacity: 0 Personal Representative ~ Counsel for personal representative 5cc 0: fY"\ P Lumoerland county - Register at Wills Hanover and High Street Carlislel PA 17013 Phone: (717) 240-6345 I . .. Date: 6/10/2003 REED JEANNE COBB 23 ABBEY COURT CARLISLE I PA 17013 RE: Estate of REED CHARLES R File Number: 2001-00718 Dear Sir/Madam: It has corne to my attention that you have not filed the Status Report by Personal Representative (Rule 6.12) in the above captioned estate. As per the AMENDMENTS TO SUPREME COURT ORPHANS' COURT RULES I NO. 103 SUPREME COURT RULES DOCKET NO. 11 for decedents dying on or after July 11 19921 the personal representative or his counsell within two (2) years of the decedent's deathl shall file with the Register of Wills a Status Report of completed or uncompleted administration. This filing will become delinquent on: 7/25/2003 Your prompt attention to this matter will be appreciated. Thank You. SincerelYI ~/)UL 711.tJW,)d~I~~ AJ{!J-<UA- ~)- DONNA M. OTTO ~ U DEPUTY REGISTER OF WILLS cc: ;File \. Counse 1 Judge REV.15QOEX 16-00r w '""' ",:$(1) ,,0:'" w"" ",00 ,,0:.... .... .. .. COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128.Q601 REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT /?, I- Z W C W (.) W C DEC~T'S NAME (LAST. FIRST, AND MIDDLE INITIAL) He E. .0 c# '1/Z..L.G-S DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR) ~? -.7.0-.20"'/ 0/ -/8 -/'72-2.. (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST. AND MIDDLE INITIAL) R ~E--.I/ vc~-V;vE- C:>.I t !Zl1. Original Return o 4. Limited Estate IZI 6. Decedent Died Testate (Attach copy of Will) o 9. Litigation Proceeds Received o 2. Supplemental Return o 48. Future Interest Compromise (dale of death after 12.12-82) D 7. Decedent Maintained a Living Trust (AlIachcopyofTrust) o 10. Spousal Poverty Credit (daleofdealh tleIweeo 12.31.91 and 1-1-95) OFFICIAL USE ONLY ! /6- <9..</"7 - / Di-- FILE NUMBER ;2..L-gL 00 l:.L8 COUNTY CODE YEAR NUMBER SOCIAL SECURITY NUMBER -Z/S"':- /~ -8r;.80 THIS RETURN MUST BE FILED IN DUPUCATE WITH THE REGISTER OF WILLS SOCIAL SECURITY NUMBER ,32.. -~" - ~C/03 D 3. Remainder Return (data of dealtl prior to 12-13-82) o 5. Federal Estate Tax Return Required ~ 8. Total Number of Safe Deposit Boxes o 11. Election to tax under Sec. 9113(A) (Allach Sch 0) z o !;;c I- ::J Q. :::E o (.) ~ '""' z w " z o .. (I) w 0: 0: o " NAME W. 5, ~-1-/V/C=-t-S FIRM NAME I' Appl""') , ./ ,., ~ /74"...,...,.. .(. ~~N""""'S' TELEPHONE NUMBER r/? -~~3 -.$83/ COMPLETE MALlNG ADDRESS ..L N...S"- #, ~~ S'r. .s"/.L. ,;2.DS- C-94U.>~e I />.;fl /rol .3 (1) (2) (3) (4) (5) ~r, 02..(7, ao , 2(" 07-2., / d OFFICIAL USE ONLY -- ;;..."':':.. d f',-' z o ~ ::J I- 0: <C (.) w a:: 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Corporation, Partnership or Sole-Proprietorship 4. Mortgages & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) o Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) (6) (7) I r?-J 0'09. ~ 0 :::"~'. ::::-:-J N .:.~ J "" (8) 7'/0, /0/, 6>0 , 9. Funeral Expenses & Administrative Costs (Schedule H) 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) 11. Total Deductions (total Lines 9 & 10) (9) (10) 7,. o//CJ, ~o S; 9S', S1 , 12. Net Value of Estate (Line 8 minus line 11) 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election 10 tax has nol been made (Schedule J) (11) (12) (13) /3,:; 'r.Ot.! :J '7 t..... ":7 3-51. # C. , 14. Net Value Subject to Tax (Line 12 minus Line 13) SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15 Amount of Line 141axable at the spousal lax rate, or transfers under Sec. 9116 (a)(1.2) 16, Amount of Line 14 taxable at lineal rale 17. Amount of Line 14 taxable at sibling rate 18. Amount of Line t 4 taxable at collateral rate 19 Tax Due 39C, -:;Z3~. ~C . x.0_(15) xO_ (16) x 12 (17) x .15 (18) 20.0 CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT (14) :J <7 C. , q(. -0- (19) -0 Decedent's Complete Address: STREET ADDRESS ..l3> A C'<::,u~r CITY CA/Z. ~ $' fi. ?--?- ;P,? STATE Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1) -0_ Total Credits (A+ B + C) (2) 3. InteresVPenalty if applicable D. Interest E. Penalty TotallnteresVPenalty (D + E) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 Line 20 to reque.t a refund (4) 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) ZIP 17-013 A. Enter the interest on the tax due. (SA) B. Enter the total of Line 5 + SA. This is the BALANCE DUE. (5B) Make Check Payable to: REGISTER OF WILLS, AGENT _0_ PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes a. retain the use or income of the property transferred;.......................................................................................... 0 b. retain the right to designate who shall use the property transferred or its income; ............................................ 0 c. retain a reversionary interest: or.......................................................................................................................... 0 d. receive the promise for life of either payments, benefits or care? ...................................................................... 0 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? .............................................................................................................. 0 3. Did decedent own an "in trust fo~ or payable upon death bank account or secunty at his or her death? .............. 0 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ..................................................................................................................... ... No ~ ~ ~ ~ .@ Ii(] ~ 0 IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN Under penalties of perjury, ) declare that I have examined this return, including accompanying schedules and statements, and to the besl of my knowledge and belief, it is true. correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. DATE ~ Cv. 4,.~.<( ~r ,.>n. ~>. r""--A'/ZL./.5"k p/9- /l'-Cl1 '3 , .J , I For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3% [72 P.S. 99116 (a) (1.1) (i)]. ADDRESS SIGNA~OF EREP ADDRESS ER OTHER THAN . / DATE -02 For dates of death on or after January 1. 1995. the tax rate imposed on the net value of transfers to or for the use of the survivin9 spouse is 0% [72 P.S. 99116 (a) (1.1) (Iill The statute does not exemot a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1. 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death 10 or for the use of a natural parent, an adoptive parent, or a stepparent of the child is 0% [72 P.S. 99116(a)(1.211. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%. except as noted in 72 P.S. 99116(1.2) [72 P.S. 99116(a)(I)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. ~9116(a)(1.3)1. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. RfV-l""'.,,,.O *' COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF /) ",1) ;(EeV., . SCHEDULE B STOCKS & BONDS ;9rk If FILE NUMBER ,?/ -cN - 0 r-/B All property jointly-owned with right of survivol1hlp must be disclosed on Schedule F. ITEM NUMBER 1. 5' ~"o,""'V' DESCRIPTION ,S"n.,r4 4-?'~"e., ~r;7/.A~ (, ~ e.d.i6'-;r Ald".cA-ti') VALUE AT DATE .. OF DEATH I~O!>-; ~4t:7. 00 ~ l11.,,!r - C)l>;H.....',.,) y~ $4 e 25'..2Vr.< / ~.ao , TOTAL (Also enter online 2, Recapitulation) $ ,It:)r/ O.zo. 00 (If more space is needed, insert additional sheets of the same size) SALOMON SMITH BARNEY August 9, 2001 A member of Cltlgroupt Jeanne Reed 23 Abbey Court Cartisle, PA 17013-4385 RE: 746-08260-14-372 Chartes R. Reed Dear Jeanne: 717-854-5553 . 800-343-5235 Enclosed please find the infonnation you requested to establish the value of the Estate of Charles R. Reed. Prices are as of July 25, 2001. Number Shares Name Security -BSCH Finance LId 8.125% pfd ser G. -BSCH Finance LId 8.625% pfd ser Q -Repsollnti Capital LId 7.45% pfd ser A Amerco Ser A 8 y,% cum pfd CPL Capital I ser A 8.0% Fanners Group Cap 8.45% cum pfd Hershey Foods Corp -National Westminster Bank 7.875% ser a 616.03770 1224.78430 1223.4855 786.64120 691.35950 686.44940 946.27610 811.65350 Money Market Value of $22,133.68 Travelers Annuity Value $165,165.40 If I can be of additional service to you, please call me. Sincerely, '~LLu ' Sheri E. Mulherin Sales Assistant to Michael A. Knaub Senior Vice President-Investments President's Council Isem Closing Price 24.95 25.19 22.925 23.85 . 24.97 25.34 60.375 25.405 SALOMO!'I SMITH BARNEY INC 204 North George Street. Suite 300, York, PA 17401 rr1E':~J,.W~5itthFg~eyN~' ~1~g~p~rJ~es~Rt~~~~~lcfvtkere~vCEO'ASE~II~~p~rB~ ~If86Im' ~~~1~2~f~~ W~J1A~~8$' OR cO'-1PLETE- I\JESS I\Jtl~HEr, If-'E Irlf")Rrv1A:IC~J '\JOR ANY OPINION EXPRESSED CON$T1TL;TES 4, SOLlCITArIQN BY us C,F THE PURCHASE OR SALE OF A~JY SECURITIES REV_1S06~.'ll.g7) '* SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY /16 C?-U, c...(/f~4 R. FILE NUMBER ::</-O/-Or/8 COMMONWEALTH OF PENNSYLVANIA INHERlT ANeE TAX RETURN RESIDE TDEC DENT ESTATE OF Indude the proceeds of litigation and the date the proceeds were received by the &Slate. All property jointly-owned with the right ohurvlvorship must be disclosed on Schedule F. ITEM NUMBER 1. DESCRIPTION .5'42< &>P7QN .$'",.,,, r/r il3/1,uv6j ~""""L~ A'?~J/ ~{- ~~ZW -ILf VALUE AT DATE OF DEATH ':2. 2-/1 :>:!>. (,,8 l c,.yV/2#t' l' c;;'" ~ /'iJ: ;n.L, rr../' ~ "t $8, L/2- TOTAL (Also enter on line 5, Recapitulation) $ .2. r.. J Or;(, I CJ (If more space is needed, insert additional sheets of the same size) ''''''''''''''''''w COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF . / ~ c Et), ~~ /JJI-.t-S . SCHEDULE G INTER.VIVOS TRANSFERS & MISC. NON.PROBA TE PROPERTY /1. FILE NUMBER .2/ -<::'/ - CJy/8 This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. DESCRIPTION OF PROPERTY %OF ITEM INCLUDE Tl-IE NAME OF THE TRANSfEREE, Tl-IEIR RElATIONSHIP TO DECEDENT AND THE DATE OF TRANSFER DATE OF DEATH DECD'S EXCLUSION TAXABLE VALUE ATIACH A COPV OF THE OEED FOR REAl. ESTATE. VALUE OF ASSET INTEREST IFAPPUCABlE' NUMBER 1. S"L;_~,.,. S'~I r4 #-9a.....~j ~ ~ .?'/Vl # ~q6- ,2.~~~ -1-7 /~tf'~~ /c:::'I?~ /~ .P~1t. Cd ). r/t..f;- IfPLctt:5" rn,lf9,z Q) (..I/.f 4"'-'NV/7) .# 92~tf~ 1 - /C~/'!>-' ~d I~~ , '.s; /~ 'J(j' 9:;'- R-tf T7'~ TOTAL (Also enter on line 7, Recapitulation) $ 171/ t?o'? ~C7 (If more space is needed, insert additional sheets of the same size) REV-'1511 EX+ (12-99) ~ COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF n ~l /f' C E V , C~"9,..k A'. FILE NUMBER ,<'00/ 071-/8 c e u e . ITEM NUMBER DESCRIPTION A. FUNERAL EXPENSES: AMOUNT 1. " ~..v"rL v~. ~-46V,ao CA G-""~:f7dA1 ~c..~g.ry ~Nlnrt;l t:Z'4h/fU~ ~ ,tP~I~" -; ~t -? J' ,9- AJ{ /4'0. ac ('//""'4Ww N/ki,,;'" O:~1'F /6<1. 00 ;"1"PN<:' .An?-fl'" f7#t4.~5" ~28 &#Vlt..~ *I" 6~P ~W?~ r,,'N'-/'1"'~ /~7. ~ t::/IVC IC/~ 1tI;~'P'.9-/~'?"9~'Z.... tit,3S; ec!:b B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions ~~ Name of Personal Representative(s) Social Security Number(s)/EJN Number of Personal Representative(s) Street Address City State _Zip Year(s) Commission Paid: 2. Attorney Fees ~~ 1C-,p/IYV/tS~ 785",0 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant ifo?-_G- t:J1uf.l /?~ 3. S9C. ",/ Street Address ~~ ~~ /"Z..LJ'-'C..-/ City C4-,z..L/$"~ State L!l'!:. Zip /,.l!!i I' 3 Relationship of Claimant to Decedent klrE 4. Probate Fees ~/Sk4l(. tL M.ds //0. (:?5: 5. Accountant's Fees c;...~?e?~ e-~/ ,F~.,..~ c e'L'" .JJ"'7C( 8" Cl"4 ::?~.. CO 6. Tax Return Preparer's Fees 7. ~ fi:~6lY #~ ~~fr/$;N1 ~~ ~"~.P4r /7"9,O~ $, C.~m ~rt,,-d ~ ~4N-?<L- / -<Db- 7S": .s;;.a 'r. ~/S"~ ~ ~~/ /1./.1-"f>~/! /ft, ~~Ar la, A'1i5~4!# rr"" k;?,",.v-/ C-S'f';JJ,fb . ~, CPeJ; TOTAL (Also enter on line 9. Recapitulation) $ 7~ ~/d.5c; Debts of decedent must be reported on S h d I I o eo- (If more space IS needed, Insert additional sheets of the same size) ,,,,,,,,,,.,,,,, . SCHEDULE I COMMQflWEALTH OF PENNSYLVANIA DEBTS OF DECEDENT, INHERITANCE TAX RETURN RESIDENT DECEDENT MORTGAGE LIABILITIES & LIENS ESTATE OF /J - ~ n C~ / A /'( f::~I{/, ,;f1,./.....~ ^. Include unreimbursed medical expenses. ITEM NUMBER 1. 2. 3. .or. 5". DESCRIPTION ~~,..mL- /' /JI / i.. -Y-9V4'..v j? #/JI'Z-'"-?-C / ~",et!Vr .~ <:;".p I r"'';/ ,1,-// ,P-4 . /_~"'~-4.. m.x-<-J' FILE NUMBER ~O(?/ - 07-/8 AMOUNT ~ /"r, a.s- /"l~ ~?- -1; s:97, $"2.. / fij.S'. oa BC:O.Oe; r~~'- /,Ne..#___ ~~-c..S i'~3a~ $ .....,/ TOTAL (Also enter on line 10, Recapitulation) (If more space IS needed, Insert additional sheets of the same size) REV,1513 EX+ (9-00*, COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF ,:?/ r:A\ "'" / A> ~ /. '"' /~ eCV , (.../,-'i '/r /...e-.. /? FILE NUMBER ..2/-c//-cJ"l/B 1. RELATIONSHIP TO DECEDENT NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transters under Sec. 9116 (e) (1.2)} ..::J-iS~^,_c ee.,6,A ,RetEO ~/pa 23 -9~;,,/ ~r C-/'J-,e..L-U/...., ,P/1-- / rel3 AMOUNT OR SHARE OF ESTATE NUMBER I /t::?t7~ ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET II NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE 1. 8. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ (If more space is needed, insert additional sheets of the same size) 082) ~2-~.1 11L&s! lIill &nb (Hes!&tnenl OF CHARLES R. REED I, CHARLES R. REED, of 23 Abbey Court, Carlisle, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do make, publish and declare this as and for my Last Will and Testament, hereby revoking and making void any and all former Wills, Codicils, or writings in the nature thereof, by me at any time heretofore made. FIRST: I hereby order and direct my..Executrix, hereinafter named, to pay all my just debts, funeral expenses, testamentary expenses and all Inheritance, Estate, Transfer and Succession'Taxes, as soon as may be conveniently done after my death, out of my residuary estate. SECOND: I hereby give to my wife, JEANNE COBB REED, all of my personal effects, clothing, furniture, furnishings, jewelry, automobiles, and any other tangible personal property of every kind and any insurance thereon, provided she ~ survives me for a period of thirty (30) days. If she shall not so survive me, then I give the same in equal shares to all of my children, KAREN GRENOT, of 837 Meadow Lane, Camp Hill, Pennsylvania 17011, BARBARA McMULLIN, of 28 West Oakwood Drive, Carlisle, Pennsylvania 17013, and NANCY GUILLOTTE, 1548 S. E. Dorit Avenue, Port 51. Lucie, Florida 34952,. to be divided among them as they may agree, or if they are -'- ..~...-~.~''',.. "",;. ~ .. --.'.---...., unable to agree, as my Executor may decide. Any items of value not so disposed of shall be sold by my Executor, and the proceeds added to my residuary trust. 8 In the event that my wife, JEANNE COBB REED, survives ~r 'I me, I give to myTtustee, IN TRUST, for the benefit of my wife, to hold in trust (hereinafter referred to as Marital Deduction Trust), assets equal in value to an amount which, when ~ , - added to the final ~state tax value the property included in any gross estate which for the federal estate tax marital deduction, will entitl my estate to t federal estate tax marital deduction, allowable in ,,.>-'.........._,,....,'.'.. determining the federal estate tax payable by reason of my death, necessary to Iedu~' .my taxable estate to an amount on whictf'.0ederal estate tax is due and the federal - ~. II unified credit available to my estate is fully utilized; provided that the allocation to this trust '- r the marital deduction. My trustee shall invest and manage the marital deduction trust in a manner which will not disqualify the - <..-.--..-..... ~ r marital deduction, and will make distributions as fOIlOWS.~y trustee shall invest and manage the marital deduction trust in a manner which will not disqualify the marital deduction, and will make distributions as fOIlOW~y Trustee shall be my daughter. I KAREN GRENOT, of 837 Meadow Lane, Camp Hill, Pennsylvania. In the event that she is unwilling or unable to serve as Trustee, then my daughter, BARBARA McMULLIN, of ( 28 West Oakwood Drive, Carlisle, Pennsylvania. shall serve as Trustee. In the event that " I: she is unwilling or unable to serve as Trustee, then my daughter, NANCY GUILLOTTE, -2.- . ~ t of 1548 S. E. Dorit Avenur, Port St. Lucie, Florida. In the event that she is unwilling or ~ i 1 unable to serve as Trustee, then I appoint SMITH BARNEY PRIVATE TRUST COMPANY, as TrusteiJ '" / .~~ "" A. ,During my wife's lifetime: (i) The ~tir~.... net income 'all be paid to her at least monthly: (ii) As much of the principal as my trustee may from time to --- - . time think desirable for her welfare, comfort ~~su ort shall be paid to her; and (iii) She shall have the unrestricted ,right to withdra any part or all of the principal at any time. , B. . On my wife's death, any then remaining principal shall be paid . -- , to such one or more persons or organizations, including her estate, on such terms as she may appoint by a will specifically referring to this power of ap/(ointment. - !.... 1/ C. If my wife does not exhaust her power of appointment under the preceding paragraph, <?,n her de~h: (i) Any in~ease in death taxes or administratiol] expenses in her estate caused by inclusion of this trust in it for tax purposes shall be paid hr - out of the unappointed principal, and a written statement bY)i8"'executor or administrator of the amounts payable may be accepted as correct; and (ii) The balance of the " unappointed principal shall be added to' and thereafter treated as a part of the principal of - - the Residuary Trust, as identified below. ~t/t) ....'" ;te. $ I tfi FOURTH: After my death, my Trust"" &hall invest and manage all the -t''(l...- prope n allocated to the Marital Deduction Trust as separate trust, re rred to as the Residuary Trust, and make distributions as follows: 3 - 3- L ~) p 4/ 'c:t:r// r 7' ;;?; v$ r -- A. If my wife, JEANNE COBB REED, survives me, during her lifetime: (i) The net income shall be paid to her in monthly or other convenient installments; (ii) as much of the principal as my trustee may from time to time think . desirable, taking into account funds available from other sources, for the health, support, maintenance or education of my wife shall be paid to her or shall be applied directly for those purposes. However,@fthe principal of this trust shall be 'paid or applied for the benefit of my wife unless the principal of the marital deduction trust has been exhausted or withdrawn; and (iii) After the Marital Deduction Trust has been exhausted or ~..N'.' -.~...., withdrawn (or after my death if no Marital Deduction Trust will be established), ,. wife , . shall have the right in each calendar year to withdraw the greater of the following '111I " amounts: up to $5,000.00 or up to 5% of the fair market value of the principal of the trust ,~ ~ '--- estate, determined as of the end of the calendar year. This limited right to make .......... . withdrawals from the principal of the trust estate is noncumolative, so that an amount which might have been withdrawn during a particular year may not be withdrawn in any . ,.. \ ..i... \ subsequent year. /Jb;.-'.Jcr/f/JP .; td/~ r:. "r C .NFl /.. 7//7 B. (9pon ~y wife's dea~)f she survives me, or mine if I ~~rVi~~ . , her, my Trustee shall distribute the entire remaining principal of this Trust in equal share~ "- ~- to my children, KAREN GRENOT, of 837 Meadow Lane, Camp Hill, Pennsylvania 17011, BARBARA McMULLIN, of 28 West Oakwood Drive, Carlisle, Pennsylvania 17013, and NANCY GUILLOTTE, 1548 S. E. Darit Avenue, Port Sl. Lucie, Florida 34952, per stirpes, 4 ~.;, ~~:h" -., .:Y?-'::r;;.? //7>'/"'>""', '- . ". ~~/ ;> /' #;..Y -')r:.--,,:;.,. (_ ...." // ~~ ,"'" ~ L ;;? / - I.. f?4 r ..;~ ~ /', r -~ -. and not per capita. Should any of my children predecease me without issue, her share of my estate shall be divided equally among the surviving children, or their issue, as applicable, in equal shares., FIFTH: In funding the Marital Deduction Trust, only property eligible for the marital deduction shall be used. Property distributed in kind in satisfaction of the marital deduction shall be distributed at the lower of (i) its value at the time of its distribution and (ii) its adjusted federal income tax basis. Subject to the foregoing and without regard to the effec~ upon the size of the Residuary Trust, my trustee shall have absolute discretion in selecting the property to be allocated to the Marital Deduction Trust. ---f7J-X C:;J. SIXTH: All federal, state and other death taxes payable because of y death shall be paid out of the principal of the Residuary Trust. ~f those taxes shall be charged against the Marital Deduction Trust or any beneficiary, and no property which would be otherwise exempt from federal or state death taxes shall be used to pay - ~ ____lAW ~ . ' .. ....._ any death taxes under this article, or attributable to my estate generally. --.- --'---"*-- SEVENTH: The followfng provision shall apply if, and only if, my alternate Trustee, SMITH BARNEY; PRIVATE TRUST COMPANY, serves as Trustee under either Trust created in this Will: '-'---._ --. ---- --- A. Employment of Assets 'by--T.custee. The Trustee may employ -'-- attorneys and such other persons including auditors, invest~~nt'"atf"'iS,Qrs and/or agents, .''-. even if such persons are affiliated or associated with the Corporate Trustee to advise'or 5 - 5""' _. .... . . I ;', ;. , assist the Trustee in the performance of administrative duties, to act without independent investigation on their recommendations and instead of acting personally, to employ one e agents to perform any act of administration, whether or not discretionary. The fees, compensation and expenses of such attorneys and such other , persons, incl ing those persons who are affiliates of the Corporate Trustee shall be, unless already inc ded in the compensation of the Corporate Trustee as set out in its prevailing schedule of es, in addition to the compensation of the Trustee and shall be an expense of the Trust The services inclu g discretionary services which may be performed by affiliates of the Corporate Trustee may' elude but not be limited to: 1. The retained affiliate may manage the investment of trust assets or advise on the inve ._ent of such assets directly or through the retention of investment mangers who may also be ffiliates of the Corporate Trustee. 2. Custody. The retained affiliate ay be custodian of all or part of the trust assets. 3. Brokerage. The retained affiliate may transactions for the Trust and provide such other services to the Trust as ,\,:e normally , provided by a broker dealer. ". B. Investments. In addition to investments otherwise authorized by this Trust the Trustee(s) and any Investment Advisors retained by the Trustee(s) are authonzed to Invest in the following investments:' 6 -i, -- 1. Registered investment companies (mutual funds) which are offered, ma~aged or to whic~ services are provided by affiliates of the Corporate Trustee, , and such a "ates are compensated by such mutual funds for such services. 2. Securities, instruments of deposit, insurance contracts or ;., property distributed, underwritten or issued by an affiliate of the Corporate Trustee, sold as an agent by an affiliate of the Corporate Trustee. To the extent that the Trust is invested in securities issued by an affiliate of the Corporat Trustee, and such securities have voting rights, the voting of such securities shall be dire d by the Co-Trustee, if applicable, or otherwise by the individual who, pursuant tc,the te s of the Trust, has the authority to direct the purchase , or retention of such securities. Pursuant to any of the ab ve investments the qffiliate will be compensated (directly or indirectly) as it would be in com rable transactions in which an affiliate is not in the compensation of the involved and such compensation shall be I Corporate Trustee, as Trustee of this Trust. \ C. Compensation. The corporate\,ste!3 shall be compensated In accordance with its schedule of fees in effect at the time ~h services are performed. In . '\ addition to such fees, the Corporate Trustee, or its affiliateS., shall also be entitled to '\ receive any payments under Rule 12-b-1 of the Investment Company Act of 1940 from '-- any registered investment company. ... -,..".-~...."..~,_......--..~....._.",,,-~,,~..........-,,........-....- 7 \. -+-_ .1 , D. Bond. The Corporate Trustee shall not be required to post bond in ~ any juri&diction for the faithful performance of its duties hereunder. \ the Corporate Trus e shall be held harmless from and not be responsible for actions or Liability of Trustee. In addition to and not in derogation of any other indemnification provisions of the Trust which may apply to the Trustee(s) such actions or inactions constitute negligence or willful rustee shall not be responsible for any actions or inactions of any predecessor or successo rustee and shall only be responsible for assets of this .' Trust upon receipt of such assets an during the period for which it retains such assets. uring which the Corporate Trustee shall be ... These provisions shall survive the peri acting as Trustee hereunder. C Termina~of Small Trustee(s) reserves the right to terminate any Trust hereunder without necessity of co such Trust to be too small to administer economically or pr tically. In the event of such termination the Trustee(s) shall transfer the assets of such ~nder the Trust ent~led tc'n~ro~~~.2:~.:t at the time of s shall have no liability to any other beneficiary of such Trust. h distribution and ',- '. ", G. Merger or Consolidation of Trustee. Successor Trustee. If the Corporate Trustee is merged or consolidated with or transfers substantially all of its assets to another corporation, or is in any other manner reorganized or reincorporated. 8 ':, -8 t -". .._-......-,,_._....-~--~-~_.. .-. t e resulting or transferee corporation shall become Trustee in place of the Corporate nd directions granted the Corporate Trustee. Corporaf~ Trustee also has the right to appoint an affiliated corporation with trust powers as s essor to itself hereunder upon written notice to the Grantor(s) or Trus e and, in such capacity, shall possess and exercise all right, title, powers, Settlor(s), or Trustee(s), if Ii:,' g, otherwise to the adult beneficiaries of the Trust entitled to income at the time of such appo tment. If such appointment takes place the situs of the ~. Trust for the purposes of administratl shall be the domicile of the successor. H. Resignation. The co orate Trustee may resign by giving thirty (30) - - days advance written notice to the Grantee(s), ettlor(s) or Trustee(s), if living, otherwise to the adult beneficiaries entitled t inco - I. Disability. For purposes of this Tru the Grantor(s} or Settlor(s) or Trustee(s) shall be considered disabled, incapacitated or inc petent only if so declared by a Court of competent Jurisdiction or if so certified in writing by 0 licensed physicians familiar with Grantor(s), Settlor(s) or Trustee(s). The Trustee(s) shall n be considered to be on notice of any such disability, incapacity or incompetence unless and til Trustee(s) has received a copy of such Court Order or written certifications. , -i, \ J. Registration. This Trust shalQ!9..tJbe subject to the registration with ..' ....- or supervision by any Court. 9 7 , ! f, ~:~~minate, constitute and appoint my wife, JEANNE COBB REED, to be t.~ this, my Last Will and Testament. In the event that she does not survive me, or her health is not such as to enable her to serve as Executrix, or she is unwilling or unable to serve for any reason, I appoint my daughter, KAREN S. GRENOT, of 837 Meadow Lane, Camp Hill, Pennsylvania, to serve as the Executrix of this my Last Will and Testament@xecutor or Executrix shall be required to ~ in this or any other jurisdiction. I confer uP9n my Executor or Executrix the right to sell or otherwise convert any real or personal p".operty at public or private sale, and upon such terms as my - . .~ Executor or Executrix shall determine, and to execute and deliver good and sufficient , .' conveyances, assignments and transfers thereof, without liability of any purchase or for the application of any consideration; to obtain any investments at discretion; to borrow money and to secure its repayment by a Mortgage of real or personal property, a pledge of investments or otherwise, without liability on the part of the lender to see to the application thereof; to invest and reinvest at discretion, without restriction to so called "/ega/ investments"; to make distributions in cash or in kind; and to do all other acts and , things necessary or appropriate in the management, administration or distribution of my - ~ --~_........- ~-~- ""'t . _,_ -oq ,.--.a-- estate. ~",..... 10 .--/v -- , ..t, ..,~.~, - - ral~-'-r~", -~:-~;~~~.".: .:;_.:1!:~;~:;-J'::: I\: '. , _' ,,'" ", "J ,"..,.,t, , :'~~n~.:~.r<'\":Z;!~J~~~:~~f~~~'~:~o set my hand and seal this /Sf .. .'Yof h4Y-7 _ ,1999 C!~ 0-< ~cC Charles R. Reed SIGNED. SEALED, PUBLISHED and DECLARED in the presence of: , .~, 11 ,,'. --. /( -- 1 ~ IJ