HomeMy WebLinkAbout06-02-05
~TION FOR PROBA~E and GRANT OF LETTERS
Estate oji. ~ A-i Lfh..Jl/??~ >(. No. 2-1- 0 5 - 0 <1 q G
also known as To:
Register of Wills for the
. Deceased. . County of in the
Social Security No. / 7 / - ? 'T -07 t,/[) 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
and codicil(s) dated
named
, 19_
ylvania, with
(list street, number and muncipality)
at Decendent, the~ 1,1 years of age, died ~ ~ ,~ ,-l9: #/'J ~-
Except as ~1l0ws. decedent did not marry, was not divorced and did not have a child 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:
$ ri (JjJrJ. (7)
$
$
$.
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WHEREFORE, petitioner(s) respectfully request(s) the probate of the last ~1i~d codkll(s)
presented herewith and the grant of letters .~ l' " ~c:;
(testamentary; administration c.t.a.; admiriistrjBr;.;d.b.n,e.t.a.)
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OATH OF PERSONAL REPRESENTATIVE
COMMONWEALTH OF PENNSYLVANIA ") ss
COUNTY OF _.cWYlBE:RlJ\ND J
The petitioner(s) above-n'l.med 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 well and truly administer the es te according to law.
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Sworn to or affirmed and
before me this 1..
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No.
L\- 05-D4 qift
Estate of
l- UTHfR 13 R.~ 17.kP-
, Deceased
DECREE OF PROEATE AND GRANT OF LETTERS
AND NOW .TuNE:: 2 ...< D5, 'd' f h "
'-J,.J Y:J_, In COnsl eratIon 0 t e petItion on
the reverse side hereof, satisfactory proof having been presented before me,
IT IS DECREED that the instrument(s) daten q -[q-q1
described therein be admitted to probate and filed of record as the last will of
Lu. TitER \.B ~ rz..E1Z
and Letters TE::S TIH'Y\eNTA-R "'I
are hereby granted to t-.l A 0 m I ~RE:N I z.E:R.
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FEES
Probate, Letters, Etc. ,..",... doD.DD
Shon Certificates('1) .,...",.. s~
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ATTORNEY (Sup. Ct, LD. No.)
ADDRESS
PHONE
HI()5.805 REV lI05
This is to certify that the information here given is correctly copied from an original certificate of death duly filed with me as
Local Registrar, The original certificate will be forwarded to the State Vital Records Office for permanent filing,
WARNING: It is illegal to duplicate this copy by photostat or photograph.
Fee for this certificate, $6,00
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11599954
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Local Registrar
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COMMONWEALTH OF PENNSYLVANIA. DEPARTMENT OF HEALTH. VITAL RECORDS
CERTIFICATE OF DEATH
$OC~SECU~TYNUM8ER
,,171 28 -0740
DATE Of DEATH (Monlh, OIV. Vear)
to May 5, 2005
TYPEJPRlNT
W
PERlU.NEHT
BLACK INK
NAME OF OECEDENT (Fim, Middle. L8SI)
Luther G.
Brenizer
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Male
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.r..GE(l"oIBirlhday)
AS DECEDENT EilER IN
US ARMED FORCES?
vo.(j] NGD
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ST~TE fUNU"'O~F!.
MOTHER'S NAME (FhtI.""'*"';jMlliden.5ur9fll'!8)
1~ Ml I~rea ureman Brenizer
IMfORMANTl' WJLlHG ADORESS I.SIreeJ. Cil'1lTown. Sli1le Zip Code)
,...3604 Rosemont Avenue tamp Hi 11 PA 17011
PLACE OF DISPOSITION- N....... of CemeIety. Cl8malooy lOCATION. CityfT....... Slate, lip Code
OfOlhorPIace
Zle. Shoo 's Cemeter
NAME AND .o.ooAESS OF FACILITY
Jd. ers Funeral Home 37 E
BIRTHPlACE(~and F A
$lele<.>rl;prpgnCounllyj >IOSPITAL"
I-'A 1-0
J. L wi sberr ....
FACILITY NAME (If not inllitullon. give ,ll", and number)
ealth South Renova Center
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71
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COUNTY OF CEA TH
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Cumberland
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DECEDENT'S USUAL OCCUP"TIOH KIND OF BUSINESS 'INDUSTRY
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UI. Machi ni st l1b.Manufacturi n
DECEDENTS MAILING ADDRESS (Slrnt, Clyffown. SIaIe. Code) DECEDENTS
3604 Rosemont Avenue ~NCE
1..Camp Hill PA 17011 ~~~~
FATHER'S NAME (First Mio;ldle~Last)
a . Andrew Breni~er
lNFORw.NT'S NAME (Tvpe/Pl1nl)
2h. Naomi Breni zer
METHOD OF DISPOSITION
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CERTIFIER (Ched<onIy 0lIl)
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'PRONOUNCING AHO CERnFYlNG PHYIICIAN tPhyoidan both ponOUlldng <.Iealh and ceflityill\llo c....s. of death}
To 1M but of my knowledge. dNth o<;eurr.d .1 1M llone. dele....d pl_. and dullO 1M ~u.,,(')"'d"""""''' .tot.d...
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MARITAl.STATUS.~. SUflVlVINGSPOUSE
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(,...",5') 1.. Married 15.Naomi Snavley
17e, I!l y...d&cedefllllvedln Lower All en
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21.s.Harri sbur
PA 17109
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TItolEOFINJURY
INJURY AT WORK? DESCRIBE HOW INJURV OCCURRED.
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LOCATION tSlrHl. CllyrTown, SlIla)
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ITLE OF CERTFIER _
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!<WolE AtID ADDRESS OF PERSON WHO COMPLETED CAUSE OF OEATH
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REGIS
SSIGNATURE....WONUIIBER
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WILL
OF
LUTHER G. BRENIZER
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I, LUTHER G. BRENIZER, of 3604 Rosemont Avenue, Camp Hill, Cumberland County,
Pennsylvania, 170 II, being of sound mind and disposing memory, though I realize the uncertainty
of this life, I have full confidence and trust in my Lord and Savior, Jesus Christ, in His death on the
cross for my sins and in His shed blood as an atonement for my soul; and I know by faith that because
of His sacrifice on the cross for me I have eternal life, do hereby make this Will, hereby revoking all
my former Wills and Codicils:
Article One: Tangible Personal Property:
91.1 I bequeath all my tangible personal property to my Wife, Naomi M. Brenizer,
("My Wife"), if she survives me. If My Wife does not survive me, then I bequeath all my tangible
personal property in accordance with the terms of a personal property memorandum I may prepare.
If no such memorandum is located or received by the Executor within 60 days after being appointed
as such, after conducting a reasonable search for such memorandum, the Executor shall be held
harmless for distributing such property as hereinafter provided.
91.2 I bequeath such assets not disposed of by such memorandum, or all of such
property if no such memorandum is located or received, to my children 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 children, they shall take turns selecting individual items with my oldest
child making the first selection. Any items not so selected shall be sold and the proceeds shall pass
as a part of my residuary estate.
91.3 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.
91.4 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: Marital Trust:
If My Wife, Naomi M. Brenizer, survives me (and I direct that for the purpose of this
Will she shall be deemed to have survived me unless it appears unmistakably that she predeceased
me), and if the federal estate tax due because of my death will be reduced by making this gift for her
benefit, I devise and bequeath to my Trustee hereinafter named, IN TRUST, the least amount (based
upon values as finally determined for federal estate tax purposes) as shall be needed for the federal
estate tax unlimited marital deduction to reduce the federal estate tax to the lowest possible figure
after full use of all other deductions and credits allowable in calculating the federal estate tax, except
that such amount shall be calculated without regard to the augmenting of my taxable estate by reason
of generation-skipping transfers and without regard for any credit for state death taxes that would
not otherwise be payable. Accordingly, I direct that:
921 If the marital deduction or any similar benefit is allowable with respect to any
property, including property held by entireties, which My Wife has received prior to
my death or at my death will receive otherwise than pursuant to this Article Two, the
value of such property shall be taken into consideration in calculating the size of the
gift under this Article Two.
92.2 No property ineligible for the marital deduction or any similar benefit shall be
distributed to this gift for My Wife pursuant to this Article Two.
92.3 Either cash or investments or both may be allocated to the gift under this
Article Two.
92.4 Any property allocated under this Article Two in kind shall be valued at the
value at which it is finally included in my gross estate for federal estate tax purposes,
provided that the aggregate market value thereof on the date of allocation (plus the
value as finally determined for federal estate tax purposes of all other property
qualifying for the marital deduction) is at least equal to the dollar value of the marital
deduction as finally determined for federal estate tax purposes.
92.5 My Wife shall be paid the entire income from the principal in such periodic
installments as the Trustee shall find convenient, but at least as often as quarter-
annually.
92.6 My Wife is hereby given a power to appoint by will to her estate or to others,
in such manner and for such estates as she may appoint, exercisable only by specific
reference by her alone and in all events over the principal of this trust.
2
~2. 7 As much ofthe principal ofthis trust as the Trustee may from time to time
think advisable for the support of my wife or during illness or emergency shall be
either paid to her or else applied directly for her benefit by the Trustee.
~2.8 In addition to the above provisions, My Wife shall have the power to
withdraw such amounts from principal as she shall desire from time to time, including
the entire exhaustion of principal
~2. 9 If My Wife shall fail, either wholly or in part, to exercise effectively the power
of appointment created in the preceding, the unappointed principal shall be added to,
and thereafter treated as part of, the principal of my residuary estate passing under
Article Three hereof, provided that the Trustee shall first deduct and pay to the
personal representative of My Wife's estate an amount equal to the increase in federal
and state death taxes and any increased administration expenses which her estate will
have to pay because of the inclusion of the principal of this trust in her estate for tax
or administration purposes.
~2.l 0 If any provision of my will shall result in depriving my estate of the marital
deduction for federal estate tax purposes, such provision is hereby revoked and my
will shall be read as if any portion thereof inconsistent with allowance of the marital
deduction for federal estate tax purposes is null and void.
~2.l1 If my property is insufficient for payment in full of all legacies and devises,
I direct that this trust shall be preferred over all other legacies and devises.
Article Three: Residuary Credit Shelter Trust:
I devise and bequeath the residue of my estate of every nature and wherever situate,
including property over which I shall have any power of appointment other than any such power
given to me in any will or inter vivos trust of My Wife, to the Trustee hereinafter named, IN
TRUST, for the following uses and purposes, it being my intention that this trust shall be exempt
from federal estate tax to the extent of my unified credit amount:
~3. 1 During wife's life. My Trustee shall pay the distribution amount set
forth below to or for the benefit of My Wife during her life, in quarter-annual
installments.
~3.2 Distribution amount. The Trustee shall pay to My Wife in each tax
year of the trust during her life an amount equal to five percent (5%) of the average
of the fair market values of the trust as of the close of the last business day of the
trust's three previous tax years (or such lesser number of tax years as are available for
the first three tax years of the trust). In the case of a short tax year, the distribution
shall be calculated as set forth in subparagraph 3.3 below. In the case of contributions
3
to or distributions from the trust, including initial funding, the distribution amount
shall be determined as set forth in subparagraph 3.4 below.
93.3 Short year. For a short tax year, the distribution amount shall be based
upon a prorated portion of the distribution amount set forth above comparing the
number of days in the short taxable year to the number of days in the calendar year
in which the short taxable year is a part.
93.4 Contributions and Distributions. In a taxable year in which assets are
added to or distributed from the trust (other than the distribution amount) (hereinafter
"adjustment year"), the distribution amount shall be increased (in the case of a
contribution) or decreased (in the case of a distribution) by an amount equal to five
percent (5%) times the fair market value of the assets contributed or distributed (as
of the date or dates of the contribution or distribution), multiplied by a fraction, the
numerator of which is the number of days from the contribution or distribution to the
end of the calendar year and the denominator ofwhich is the days in the calendar year.
Further, the year end values for the two tax years preceding the adjustment year shall
be increased by the amount of such addition, or decreased by the amount of such
distribution, for purposes of determining the distribution amount for years following
the adjustment year.
93.5 Fair market value computations. All computations of the trust's fair
market value, or the value of any contributions or distributions as set forth above,
shall include accounting income and principal, but no accruals shall be required. If the
trust includes assets for which there is not a ready market, the Trustee shall adopt
such method of valuation as he or she deems reasonable in his or her discretion under
the circumstances.
93.6 Income earned in estate prior to trust funding. In addition to the
distribution amount as determined above, the net accounting income earned in my
estate and allocable to the residue shall be paid to the trust, and distributed to My
Wife in addition to the distribution amount set forth above.
93.7 Source of distribution amounts. The distribution amounts from the
trust shall be paid first from the net accounting income, next from net realized short
term capital gains, then from net realized long term capital gains, and as necessary
from the principal of the trust.
93.8 Discretiona(y distributions of additional amounts. In addition to the
distribution amounts as set forth above, my Trustee shall distribute such additional
amounts, if any, of accounting income, capital gain or principal to my said Wife as the
Trustee, in his or her sole discretion, deems advisable for My Wife's health,
maintenance and support in her accustomed standard of living, taking into account
other income or assets which are available to her.
4
~3.9 Death of wife. On the death of My Wife, the Trustee shall divide the
balance in said trust and shall distribute the assets as follows:
~3.9.1 Ifmy two sons, Steve E. Brenizer and Dale A. Brenizer, are alive, each
shall get one half of the balance of the trust.
~3.9.2 If my son, Steve E. Brenizer, is not alive but is survived by his wife,
Kathy A. Brenizer, and by issue, per stirpes, his share shall be divided one third to
Kathy A. Brenizer and two thirds to his issue, per stirpes, subject to the provisions of
~3.9.6 herein. If Kathy A. Brenizer is not alive, her share shall lapse and pass to
Steve's issue, per stirpes, subject to the provisions of ~3.9.6 herein.
~3.9.31fmy son, Steve E. Brenizer, is not alive and is not survived by issue,
but is survived by his wife, Kathy A. Brenizer, Kathy A. Brenizer shall take one third
of the share which would have passed to Steve, and the other two thirds of the share
shall pass to my other son, Dale A. Brenizer. If Dale A. Brenizer is not alive, then
Kathy A. Brenizer shall take one half of the share which would have passed to Steve
and the other half shall pass to Tammy Brenizer, if she is alive.
~3.9.4 Ifmy son, Dale A. Brenizer, is not alive, but his wife, Tammy Brenizer
is alive, his share shall be given to Tammy Brenizer. If neither Dale A. Brenizer nor
Tammy Brenizer is alive on the date of distribution, this share shall lapse and be
distributed to my son, Steve E. Brenizer, per stirpes, subject to the provisions of
~3.9.6herein
~3.9.5 Ifnone of the above beneficiaries are alive on the date of distribution,
then my estate shall be divided and distributed as follows:
a. Seventy-five percent (75%) shall be divided among my brothers and
sisters, per stirpes;
b. Twenty-five percent (25%) shall be given as a charitable bequest to my
church, The Church of God, New Cumberland, PA for the Christian Ministry of the
church.
~3.9.6 I give to the Trustee hereinafter named any share passing hereunder
for the benefit of any beneficiary of mine who then shall not have attained the age of
twenty-five (25) years, to be held, administered and disposed of in accordance with
Article Four hereof (the "Beneficiary's Trust") for the benefit of such beneficiary.
~3.10 Goal of trust and Trustee's power to alter distribution rate. The goal
of this trust is to provide a relatively smooth flow of distributions to My Wife which
distributions over the anticipated term of the trust may maintain to the extent
practicable their real spending power in the face of inflation. A second and related
5
goal is to maintain the real spending power of the principal of the trust for the
remaindermen. It is my intent by using a total return trust, that is one which does not
distinguish in investment goal (or distribution) between the production of income and
short and long term capital gains, to eliminate any conflict of interest which the
Trustee might otherwise experience between attaining the two goals set forth above.
I have set the distribution rate at five percent (5%) based upon my hope that over
long periods of time, this distribution rate can be maintained and still have the
distributions increase sufficiently to offset inflation. If this goal is achieved, the
principal of the trust will also have maintained its value. I recognize that these goals
will not be attainable every year, or even over the long term. I accept that the setting
of the five percent (5%) distribution rate is my own decision and recognize that the
two goals set forth above may not be attainable as a result even if my Trustee acts
with reasonable prudence. As a further safeguard, if the Trustee becomes convinced
that the goals as set forth above cannot be attained as a result of substantial and long
term changes in the investment marketplace; because of inflation, deflation, or other
secular economic change which would make advisable a change in the percentage
distribution amount, then my Trustee shall have the discretion to modifY such rate as
he or she may deem necessary. Such a change in rate shall be within the sole
discretion of my Trustee given the investment and distribution goals for this trust. My
Trustee shall not be held accountable for such discretionary act by any party provided
that he or she has acted in good faith.
Article Four: The Beneficiary's Trust:
The Trustee shall, IN TRUST, hold, manage, invest and reinvest the assets of the
Beneficiary's Trust, collect the income thereof, and:
94.1 While the beneficiary of the Beneficiary's Trust (the "Beneficiary") is under
twenty-one (21) years of age, the Trustee shall apply to or for the benefit of the
Beneficiary so much of the net income and, if the net income is insufficient, so much
of the principal of the Beneficiary's Trust as the Trustee shall from time to time deem
necessary or proper for the Beneficiary's health, maintenance, support and complete
education, including preparatory, college and graduate education, and professional,
vocational or technical training, taking into account other available funds, including
the Beneficiary's assets. The Trustee shall annually accumulate any net income not so
distributed and add the same to the principal of the trust property.
94.2 After the Beneficiary attains twenty-one (21) years of age, the Trustee shall
distribute to or for the benefit of the Beneficiary the net income of the Beneficiary's
Trust in quarter -annual installments, or more frequently if the Trustee deems it
advisable, and so much of the principal as the Trustee shall from time to time deem
necessary or proper for the Beneficiary's health, maintenance, support and complete
education, including college and graduate education, and professional, vocational or
6
technical training, and to assist the Beneficiary with reasonable wedding expenses, in
the purchase of a principal residence or in the establishment of a profession or
business considered a good risk by the Trustee, taking into account other available
funds, including the Beneficiary's assets.
94.3 At any time after the Beneficiary attains twenty-five (25) years of age, the
Beneficiary may withdraw any or all of the principal of the Beneficiary's Trust.
94.4 If the Beneficiary dies before the complete termination of the Beneficiary's
Trust, the Trustee shall distribute the property then held in trust to such persons or
corporations, (including the Beneficiary' s estate), in such amounts and upon such
trusts, terms and condition, as the Beneficiary by last Will may appoint by specific
reference to this general power of appointment; provided, however, any portion of the
trust property not subject to the Beneficiary's power of withdrawal immediately prior
to the Beneficiary's death may only be appointed to one or more of the Beneficiary's
issue, in such amounts and upon such trusts, terms and conditions as the Beneficiary
by last Will may appoint by specific reference to this special power of appointment.
Any property not so appointed shall be distributed to the Beneficiary's then living
issue, per stirpes, or if none, to the issue then living of the parent of the Beneficiary
who was a descendant of mine, per stirpes, or if none, to my then living issue, per
stirpes, or if none, then in accordance with Article Three, 93.9.
Article Five: Executrix/Executor:
I appoint my wife, Naomi M. Brenizer, Executrix of this my last will. Should Naomi
M. Brenizer fail to qualifY or cease to act as Executrix, I appoint my two sons, Steve E. Brenizer
of Mechanics burg, PA, and Dale A. Brenizer, of Lewis berry, PA, or the survivor of them, to be my
contingent, successor Co-Executors. All references herein to the Executor shall mean my originally
appointed Executrix or my successor Co-Executors, as the case may be.
Article Six: Trustee:
96.1 I appoint my sons, Steve E. Brenizer and Dale A. Brenizer, or the survivor of
them to be Co-Trustees of any Trust which is created as a result of this Will. Should neither Steve
E. Brenizer nor Dale A. Brenizer be able or willing to serve as Trustee, or to complete the
Trusteeship, I appoint American Express Trust Company to serve as contingent, successor
Trustee. All references herein to the Trustee shall mean my originally appointed Co-Trustees or
successor Trustee, as the case may be. If American Express Trust Company is the Trustee of any
trust which may be created under this Will, I request the Trustee to work through the Camp Hill, P A
7
office of Thomas Benkovich, my American Express financial advisor.
Article Seven: Provision for Debts and Expenses:
I 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 from the principal
of that portion of my estate disposed of by Article Two of this Will.
Article Eight: Powers of Fiduciaries:
98.1 No fiduciary under this Will shall be required to give bond or other security for
the faithful performance ofthe fiduciary's duties.
98.2 In addition to the powers conferred by law, my executor with respect to my
estate, and my Trustee with respect to any trust, shall have the following powers, to be exercised in
their absolute discretion without the necessity of application to any Court, in the capacity to which
such powers may be applicable; except that they shall have no power as to the Marital Trust which
would disqualify it for purposes of the marital deduction:
98.2.1 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;
98.2.2 To sell, exchange, partition or lease for any period oftime any real or
personal property and to give options therefor for cash or credit, with or without
security;
98.2.3 To borrow money from any person including any fiduciary acting
hereunder, and to mortgage or pledge any real or personal property;
98.2.4 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;
98.2.5 To engage in litigation and compromise, arbitrate or abandon claims;
98.2.6 To make distributions in cash, or in kind at current values, or partly
in each, allocating specific assets to particular distributes on a non-pro rata basis, and
for such purposes to make reasonable determinations of current values;
98.2.7 To make elections, decisions, concessions and settlements in
connection with all income, estate, inheritance, gift or other tax returns and the
payment of such taxes, without obligation to adjust the distributive share of income
8
or principal of any person affected thereby;
98.2.8 To allocate, in the Executor's sole and absolute discretion, any portion
of my exemption under Section 2631 (a) of the Internal Revenue Code 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;
982.9 To create, except when the fiduciary is a beneficiary of the subject
trust, with respect to all or any part of the principal of any trust hereunder, including
a pecuniary amount, by a written instrument a general testamentary power of
appointment within the meaning of Section 2041 of the Internal Revenue Code in any
beneficiary thereof and to eliminate such power for all or any part of such principal
as to which such power was previously created and to divide trust principal into two
fractional shares based upon the then portion of the trust that would be includable in
the gross estate of the beneficiary holding such power if he died immediately before
such division (in which case the power shall be over the entire principal of one share
and not the other), with each share being administered as a separate trust, unless such
fiduciary shall thereafter elect to combine such separate trusts into a single trust; to
exercise the foregoing discretion to create or eliminate a general testamentary power
of appointment when such fiduciary determines that the inclusion of the property
affected thereby in the beneficiary's gross estate may achieve a significant savings in
transfer taxes by having a federal estate tax in lieu of a Chapter 13 tax imposed by the
Internal Revenue Code on the property subject to such power of appointment or may
achieve significant income tax benefits;
98.2.] 0 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;
98.2.1 I To terminate any trust created herein, the principal of which is or
becomes too small in the Trustee's discretion to make the establishment or
continuance of the trust advisable, and to make immediate distribution of the then
remaining trust property to the beneficiary then entitled to the income of the trust
property or, if there is more than one beneficiary, to the beneficiaries then entitled to
the income of the trust property in proportion to their respective interests therein
or, if such interests are not defined, in equal shares to such beneficiaries; provided,
however, no Trustee shall participate in any decision to terminate such trust if by
reason of such termination such trustee could receive a distribution of trust property
from such trust as aforesaid. The receipts and releases of the distributee(s) will
terminate absolutely the right of all persons who might otherwise have a future
interest in the trust, whether vested or contingent, without notice to them and without
the necessity of filing an account in any court;
98.2.12 To merge any trust created hereunder with any other trust or trusts
9
. ,
created by me or my spouse under will or deed, if the terms of any such trust are then
substantially similar and held for the primary benefit of the same person or persons;
~8.2.l3 To invest in any type of investment which plays an appropriate role
in achieving the investment goals of the trust, which investment shall be considered
as part of the total portfolio It is my specific direction that no category or type of
investment shall be prohibited. I specifically do not wish to limit the universe of trust
investments in any way other than is dictated by the Trustee's exercise of reasonable
care, skill, and caution. In connection with the Trustee's investment and management
decisions with respect to this trust, the Trustee is specifically entitled to take in
account general economic conditions, the possible effect of inflation or deflation, the
expected tax consequences of investment decisions or strategies, the role which each
investment or course of action may play within the overall trust portfolio which may
include financial assets, interests in closely held enterprises, tangible and intangible
personal property, and real property; the expected total return from income and the
appreciation of capital; other resources of the beneficiaries, the needs for liquidity,
regularity of income and preservation or appreciation of capital, and the asset's
special relationship or special value, if any, to the purposes of the trust or to one or
more of the beneficiaries. Nor shall my Trustee be limited to anyone investment
strategy or theory, including modern portfolio theory, the efficient markets theory or
otherwise, but should be free to consider any appropriate investment strategy or
theory under all the circumstances. The Trustee may delegate investment and
management functions which a prudent person of comparable skills would properly
delegate under the circumstances. Should the Trustee delegate such function, the
Trustee shall exercise reasonable care, skill and caution in selection an agent,
establishing the scope and terms of the delegation consistent with the purposes and
terms of the trust, and periodically reviewing the agent's actions in order to monitor
performance and compliance with the terms of the delegation. Should such delegation
occur as set forth above, the Trustee who complies with the requirements for
delegation shall not be liable to the beneficiaries or to the trusts for the decisions and
actions of the agent to which the function was delegated, but by accepting the
delegation of trust function by the Trustee of this trust, the agent submits to the
jurisdiction of the courts of this state; and
~8.2.14 The corporate trustee, if any, acting alone and in its sole discretion,
shall have the power to reform this instrument, with or without Order of Court, in
order to make any changes necessary so as to preserve and make the best use of the
Marital Deduction for Federal Estate Tax purposes and the exemption from
generation-skipping transfer tax, or the Pennsylvania Inheritance Tax election to
prepay Inheritance Tax under Section 91 13(A). Any provisions of the Will shall be
interpreted or reformed so as to preserve these benefits wherever possible, provided
that such interpretation or reformation does not do violence to my primary intent to
provide for My Wife and my children.
10
98.3 For any trust created under this will for which American Express Trust
Company is either Co-Trustee or Trustee, the following provisions apply, in addition to any other
provisions stated elsewhere in the Will. In the event of any conflict in provisions with respect to a
trust, these provisions shal1 govern trusts for which American Express Trust Company is the Trustee:
98.3.1 Administrative Powers of the Trustee: (a) The Trustee may, in the
exercise of its discretion, invest and reinvest the available funds of the Trust Estate
in, or exchange trust assets for, such securities and properties as the Trustee deems
advisable regardless of whether such securities and properties are of the kind and class
authorized by law.
(b) The Testator authorizes the Trustee, in the exercise of its sole discretion, without
court order or approval, to invest and reinvest the assets of the Trust Estate in assets
notwithstanding the fact that the Trustee, and Trustee's parent company or any of
their successors, subsidiaries or affiliates (hereinafter collectively referred to as
"Trustee's Affiliates") serves as the distributor, investment manager or otherwise
provides services to such assets. Assets that the Trustee may acquire pursuant to the
authority granted by this paragraph include, but are not limited to, load and no-load
mutual funds; common trust funds; face-amount certificates; life insurance and other
insurance products; annuities; limited partnerships; certificates of deposit; NOW
accounts; and, money market savings accounts. The Trustee's Affiliates in issuing,
distributing, managing or underwriting any assets acquired by the Trust Estate shall
be entitled to receive their standard commission rates, management fees and other
compensation without reduction for any compensation paid to the Trustee for its
services.
(c) The Trustee shall have full discretionary authority to make sales, purchases and
exchanges of assets of the Trust Estate created under this Will to, from or through
any securities broker/dealer owned by or affiliated with the Trustee or any unaffiliated
persons, partnerships or corporations it may select, and settle transactions in the usual
course of business. Such transactions may be effected through the securities
broker/dealers at their standard commission rates and on terms and conditions offered
to other similar clients.
(d) The Trustee shall have the authority to vote all stocks and exercise all rights
incident to the ownership of the stocks, bonds or other securities or properties held
in the Trust Estate and to issue proxies to vote such stocks and to exercise such
rights; to enter into voting trusts for such period and upon such terms as the Trustee
may determine; to sell or exercise any and all subscription rights and stock options;
to sell or retain any or all stock dividends; to consent to or join in any plan of
reorganization, readjustment, merger, consolidation or liquidation in respect to any
corporation whose stocks, bonds or other securities are a part of the Trust Estate,
including becoming a member of any stockholders' or bondholders' committee; to
I]
accept and hold any new securities issued pursuant to any plan of reorganization,
readjustment, merger, consolidation or liquidation; to pay any assessments on stocks
or securities or to relinquish the same, and to otherwise exercise any and all rights and
powers and deal in and with the securities and properties held in the Trust Estate in
the same manner and to the same extent as any individual owner and holder thereof
might do. Notwithstanding the foregoing, proxies will not be voted for securities
which have no voting recommendation from the Investment Department of American
Express Financial Corporation (the Trustee's parent company) or for securities held
in the Trust Estate which are issued or distributed by one or more of the Trustee's
Affiliates.
(e) The Trustee may, in the exercise of it discretion, employ such agents, experts and
counsel as the Trustee shall deem advisable, including but not limited to one or more
of the Trustee's Affiliates, and to delegate any of the Trustee's rights, duties or
obligations, including without limitation, its discretionary powers, to and rely upon
such information or advice furnished by such agents, experts or counsel; to receive
in the Trustee's own behalf and to pay such agents, experts or counsel as the Trustee
may employ for the protection or conservation of the Trust Estate reasonable
compensation for services hereunder, and to deduct the same, as well as all other
expenses and costs of administration, from the funds in the Trustee's hands.
98.3.2 Com.vensation of Trustee: (a) The Trustee shall be entitled to
reasonable compensation as set forth in the most recent fee schedule as amended from
time to time. Payment to Trustee shall be made directly from the assets of the Trust
Estate. If Trustee invests in any securities or other investments issued, distributed or
otherwise serviced by the Trustee's Affiliates, Trustee may include amounts invested
in such securities or other investments in assets subject to its fees, notwithstanding the
fact that the affiliate may also receive fees or compensation in connection with its
services to or relationship with the investment.
(b) The expenses of administration may be paid out of the principal of or the
income from the Trust Estate, or partly from income and partly from principal, as the
Trustee shall deem to be in the best interests of the beneficiaries of the Trust.
98.3.3 Resignation of Trustee: The Trustee may resign at any time by an
instrument in writing filed with the trust records and mailed to the successor Trustee
nominated herein, if any, otherwise to the person or persons entitle to appoint a
successor trustee as provided herein. The Trustee's resignation shall take effect on
such date, not earlier than thirty (30) days after the date of filing and mailing the
written resignation, as shall be specified in such instrument of resignation. Upon the
effective date of such resignation, the resigning Trustee shall be relieved of any further
duties and responsibilities and shall not be liable or responsible for the act of any
successor Trustee.
]2
~8.3.4 Provisions Applicable to Successor Trustee: The following provisions
shall apply to any successor Trustee serving under this Will:
a. Any successor Trustee appointed under this Will shall have all the rights,
powers, authorities and discretion conferred upon the original Trustee. No successor
Trustee shall be obliged to inquire into or be in any way accountable for the previous
administration of the trust property.
b. If any corporation or association nominated as a trustee herein or acting
hereunder is merged with another corporation or association, or is succeeded by
another corporation or association, through consolidation or otherwise, the new
corporation or association shall thereupon become the corporation or association
nominated as trustee herein or acting as trustee hereunder if such new corporation or
association has trust powers. When authorized by statute or court order, any
corporate trustee acting hereunder may permit itself to be succeeded as such
corporate trustee by another corporation or association having trust powers.
~8.3.5 Confidentiality: Trustee shall treat all information it receives about
the provisions of this Will confidentially unless disclosure is required by law. Trustee
may, however, give information on the Trust Estate to the American Express financial
advisor.
~8.3.6 Waiver of Bond. Testator directs that no bond be required of any
Trustee acting under this Will.
~8.3. 7 Waiver ofOualification in Court: Any statutory requirement that
the Trustee qualify, or that any trust under this Will be qualified, in any court of
competent jurisdiction is waived by Testator.
~8.38 Early Termination of Trust: The Trustee shall terminate any trust
created under this Will when the Trustee, in the exercise of the Trustee's discretion,
deems the continued administration of the trust to be unduly burdensome or
expensive. Upon termination, the Trustee shall pay over and distribute outright
whatever then constitutes the trust, including principal and all undistributed income,
to the persons and in the proportions determined as though such trust had terminated
immediately prior to the time specified in this paragraph.
~8.3. 9 lTOverning Law and Inteq>retation: This Will is made pursuant to,
and shall be interpreted in accordance with the current laws of the Commonwealth of
Pennsylvania; provided however, all questions relating to the construction and
administration of any trust created hereunder shall be governed by the current laws
of the state in which the principal place of administration of that trust is located at the
time of reference. The principal place of administration of a trust means the corporate
Trustee's principal place of business or, ifnone, the state of residence of the Trustee
13
who retains custody of the principal assets and the records ofthe trust.
Article Nine: Provision for Taxes:
All estate taxes, inheritance taxes, transfer taxes and other taxes of a similar nature
payable by reason of my death to any government or subdivision thereof upon or with respect to any
property subject to any such tax ("Death Taxes"), and any penalties thereon, shall be paid by the
Executor out of the principal of that portion of my estate disposed of, first, by Article Two and,
second, by Article Three of this Will; and all interest with respect to any such taxes shall be paid by
the Executor out of the income or principal or partly out ofthe income and partly out of the principal
of such portion of my estate, in the absolute discretion of the Executor, without reimbursement from
or apportionment among the beneficiaries, recipients or owners of such property for any such taxes,
penalties or interest; provided, however, the Executor shall not pay any such taxes, penalties or
interest attributable to any property included in my estate solely because of a power of appointment
thereover which I possess but have not exercised or any qualified terminable interest property;
provided further, however, the Executor shall not pay any supplemental federal estate tax, or any
penalties or interest related thereto, imposed by Section 4980A( d) of the Internal Revenue Code,
which supplemental federal estate tax, together with any penalties or interest related thereto, shall be
borne by the recipients of the qualified plan benefit (including my estate if it is a recipient of any such
benefit) giving rise to such supplemental federal estate tax in proportion to their respective interests
therein.
Article Ten: Miscellaneous Provisions:
910.1 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.
910.2 Whenever the Trustee is directed to distribute property to or for the benefit of
any beneficiary who is under (a) twenty-one years of age, or (b) a legal disability or otherwise suffers
from an illness or mental or physical disability that would make distribution directly to such
beneficiary inappropriate (as determined in the Trustee's sole discretion exercised in good faith), the
Trustee may distribute such property to the person who has custody of such beneficiary, may apply
14
such property for the benefit of such beneficiary, may distribute such property to a custodian for such
beneficiary, whether then serving or selected and appointed by the Trustee (including the Trustee),
under any applicable Uniform Transfers to Minors Act or Uniform Gifts to Minors Act, may
distribute such property directly to such beneficiary's estate, or may distribute such property
directly to such beneficiary (except if any of the conditions hereinbefore described in (b) apply),
without liability on the part of the Trustee to see to the application of such property. This provision
shall not in any way operate to suspend such beneficiary's absolute ownership of such property or
to prevent the absolute vesting thereof in such beneficiary.
~ 1 0.3 Except as otherwise may be provided in this Will, during the continuance of any
of the trusts created under the provisions of this Will, and thereafter until the property is distributed
to and received by any beneficiary hereunder, the principal sums thus held in trust for any beneficiary,
respectively, and the income thereof shall not be subject to or liable for any contracts, debts,
engagements liabilities or torts of such beneficiary now or hereafter made, contracted, incurred or
committed, but shall be absolutely free from the same, and such beneficiary shall have no power to
sell, assign or encumber all or any part of the principal sums or such beneficiary's interest therein,
respectively, or the income thereof, or to anticipate the income.
~ lO.4If any beneficiary hereunder should die within thirty (30) days after me or within
thirty (30) days after any other person the survival of whom determines his rights hereunder, then
such beneficiary shall be deemed to have predeceased me or such other person for all purposes
hereunder.
Article Eleven: Gender:
Unless the context indicates otherwise, any use of masculine gender herein shall also
include the feminine gender.
IN WITNESS WHEREOF, I, LUTHER G. BRENIZER, herewith set my hand and seal to this, my
last Will, typewritten on seventeen (17) sheets of paper including the self-proving attestation clause
15
and signatures of witnesses, this I q -r:: day of J ~ 1'T" h (3 G (\
,1997.
.~R/L-J2 15noAl?UlJSEAL)
LUTHER G. BRENIZER.
Witnessed:
~~
residing at s;og- KcvuJ Cou...r
C #In P )~LL ! fi_ II 01 r
.
residing at 22- C. .r; n /,,f'a N S?#e ElF r
.
;Yf~ 14~
.L1$~L5]
ncLU/f;V(C..rp \..(qc:.~ J?/t, /7arr
residing at / 0 7 /21; 2 L{:J JF >€ ~. IF r
Ln/7p /r0lL. /ft. j70{,
.
COMMONWEALTH OF PENNSYLVANIA
SS
COUNTY OF CUMBERLAND
I, LUTHER G. BRENIZER, (the Testator) and 1#OI'-?R J,?"' ;$ c:: IV 1"( 0 01 , "IY ,
L I~A /J- !, /9 v I r H , and r 8,./1./11., flr Ir/f (the witnesses), whose
names are signed to the foregoing instrument, being first duly sworn, each hereby declares to the
undersigned authority that the Testator signed and executed the instrument as his last will in the
presence of the witnesses and that he had signed willingly, and that he executed it as his free and
voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and
hearing of the Testator, signed the will as witness and that to the best of their knowledge the
16
,
Testator was at that time eighteen years of age or older, of sound mind and under no constraint or
undue influence.
WITNESS:
TEST A TOR:
'+ ~\1Z~
;;t;,d/1 /~I I!5/7VnJ'VL
LUTHER G. BRENIZER
WITNESS:
WITNESS:
{YtAtA' ,~
fl.lS~ ~"!
Subscribed, sworn to and acknowledged before me by LUTHER G. BRENIZER, the Testator, and
subscribed and sworn to before me by 1/-1 () /">fif' ~ 13 C AlI( 0 V'C.1f
L 1f'4 fr j<{ n Vrs 1-1
, and s:' !3 <E'p. N <$ .!h I 'T7-f , the witnesses,
this Ie; 13 day of JG'P'T~h I)t; f\..
,1997.
+C:~i
Notary Public
My Commission 't' . Notarial Seal
Laur~ E. Kane. Notary Public
Camp HIli Bora. Cumberland County
My Commission Explr.. Nov. 16, j gg~
Member. Pennsylvania Asaoclation ot Noli""
(SEAL)
17