HomeMy WebLinkAbout01-1022
/?-If-/ tJ
~ BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
DEPT. Z80601
HARRISBURG1 PA 17128-0601
DAVID J LENOX
1 S BALTIMORE ST
DILLSBURG PA 17019
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
NOTICE OF DETERMINATION AND
ASSESSMENT OF PENNSYLVANIA
ESTATE TAX BASED ON FEDERAL
CLOSING LETTER
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
*
REV-75' EX AFP (01-02>
03-10-2003
LAWVER
02-18-2001
21 01-1022
CUMBERLAND
202
LARRY G
Allount Rellitted
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CD 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 FILES ~
RE-V'=736--Eir-i.FP--COr:.-02i-----.i-Niffic"E-OF--UETE-iMiifi.fioti-ANU-AS-SESS-MENY-------------------------- ---
OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL CLOSING LETTER ..
ESTATE OF LAWVER
LARRY
G FILE NO.21 01-1022
ACN 202
DATE 03-10-2003
ESTATE TAX DETERMINATION
1. Credit For State Death Taxes as Verified
.00
2. Pennsylvania Inheritance Tax Assessed
(Excluding Discount and/or Interest)
.00
3. Inheritance Tax Assessed by Other States
or Territories of the United States
(Excluding Discount and/or Interest)
.00
4. Total Inheritance Tax Assessed
.00
5. Pennsylvania Estate Tax Due
.00
6. Amount of Pennsylvania Estate Tax Previously Assessed
Based on Federal Estate Tax Return
.00
7. Additional Pennsylvania Estate Tax Due
.00
TAX CREDITS:
PAYMENT RECEIPT DISCOUNT (+) 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 THIS DATE, SEE REVERSE SIDE (IF TOTAL DUE IS LESS THAN $1, NO PAYHENT IS REQUIRED
FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU HAY BE
DUE A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS.)
\'/-,/-/9-/0
DAVID J LENOX
1 S BALTIMORE ST
DILLSBURG C1M-17019
CUlnb0~
.02
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
NOTICE OF DETERMINATION AND
ASSESSMENT OF PENNSYLVANIA
ESTATE TAX BASED ON FEDERAL
ESTATE TAX RETURN
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
*
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
DEPT. 280601
HARRISBURG, PA 17128-0601
REV-415 EX AFP (12-00)
FEB 25
(\11 .t;8
lit l ..,.,
02-18-2002
LAWVER
02-18-2001
21 01-1022
CUMBERLAND
201
LARRY
G
AlIOunt Rellitted
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 FILES ~
Rifv:4ijf-Ei-~FP--(i2~-6oi-----.-i-NcrficE--oF--iETifiMIiiAfIoii-iiii-iS-SES!;MENT-----------------------------
OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL ESTATE TAX RETURN ..
ESTATE OF LAWVER
LARRY
G FILE NO.21 01-1022
ESTATE TAX DETERMINATION
ACN 201
DATE 02-18-2002
1. Credit For State Death Taxes as Verified
.00
2. Pennsylvania Inheritance Tax Assessed
(Excluding Discount and/or Interest)
.00
3. Inheritance Tax Assessed by Other States
or Territories of the United States
(Excluding Discount and/or Interest)
.00
4. Total Inheritance Tax Assessed
.00
5. Pennsylvania Estate Tax Due
.00
TAX CREDITS:
PAYMENT RECEIPT DISCOUNT (+) 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 THIS DATE, SEE REVERSE SIDE (IF TOTAL DUE IS LESS THAN $1, NO PAYHENT IS REQUIRED
FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU HAY BE
DUE A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS.)
-.-; ..
\.
/?-/9-/6
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
DEPT. 280601
HARRISBURG, PA 17128-0601
NOTICE OF INHERITANCE TAX
APPRAISEMENT~ ALLOWANCE OR DISALLOWANCE
OF DEDUCTIONS AND ASSESSMENT OF TAX
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
02-18-2002
LAWVER
02-18-2001
21 01-1022
CUMBERLAND
101
DAVID J LENOX
1 S BALTIMORE ST
DILLSBURG
.02 FEB 25
f\11 :58
p I\;\.~-R 19
ClUl1bf~, ;';1.
'*
REY-1547 EX AFP <12-DD)
LARRY
G
Allount Rellitted
) CHANGED
(1)
(2)
(3)
(4)
(S)
(6)
(7)
.00
1,512.00
.00
.00
17,000.00
.00
472,983.53
(8)
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=is4-j-EX-AFP--fi'2-:ocir-NCfficE--OF-i-tiHEiiiTAifcE-TAX-A-PPRA-isEifENT~--Aii-oWAifcE-ifR-----------------
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF LAWVER LARRY G FILE NO. 21 01-1022 ACN 101 DATE 02-18-2002
TAX RETURN WAS: (X) ACCEPTED AS FILED
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. Mortgages/Notes Receivable (Schedule D)
S. Cash/Bank Deposits/Misc. Personal Property (Schedule E)
6. Jointly Owned Property (Schedule F)
7. Transfers (Schedule G)
8. Total Assets
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. Funeral Expenses/Adll. Costs/Misc. Expenses (Schedule H)
10. Debts/Mortgage Liabilities/Liens (Schedule I)
11. Total Deductions
12. Net Value of Tax Return
13. Charitable/Governllental Bequests; Non-elected 9113 Trusts (Schedule J)
14. Net Value of Estate Subject to Tax
If 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:
IS. Allount of Line 14 at Spousal rate (IS)
16. Allount of Line 14 taxable at Lineal/Class A rate (16)
17. Allount of Line 14 at Sibling rate (17)
18. Allount of Line 14 taxable at Collateral/Class B rate (18)
19. Principal Tax Due
NOTE:
(9)
(10)
10~040.33
NOTE: To insure proper
credit to your account~
subllit the upper portion
of this forll with your
tax paYllent.
491~495.53
10.772 32
480~723.21
289~445.49
191~277.72
(19)=
.00
.00
.00
.00
.00
731.99
(11)
(12)
(13)
(14)
191~277.72X 00 =
. 00 X 045 =
.00 X 12 =
.00 X 15 =
TAX CREDITS:
PAYMENT RECEIPT DISCOUNT (+) 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 $l~ NO PAYMENT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A ..CREDIT" (CR) ~ YOU MAY BE DUE
A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.)
Rl:.t-1e-1O E~ + (6-00) OFFICIAL USE ONLY
, 'COMMONWEALTH OF PENNSYLVANIA REV-1500
"
DEPARTMENT OF REVENUE
DEPT. 280601 INHERITANCE TAX RETURN FILdUMBER 01 ) Cb2~
HARRISBURG, PA 17128-0601 RESIDENT DECEDENT ; \
COUNTY COOE YEAR NUMBER
DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER
lawver, I..arry G. 162-26-4503
DECE- DATE OF DEATH (MM-DD-YEAR) 1 DATE OF BIRTH (MM-DD-YEAR) THIS RETURN MUST BE FILED IN DUPLICATE
DENT
02/18/01 OS/29/1933 WITH THE REGISTER OF WILLS
(IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER
laWYer , Barbara G.
~ 3. Remainder Return
CHECK ~ ,. Orio;"" RalUm ~2 Supplemental Return (date of death prior to 12-13-82)
APPRO- 4. Limited Estate 4a. Future Interest Compromise 5. Federal Estate Tax Return Required
~ate of death after 12-12-82)
PRIATE 6. Decedent Died Testate 7. ecedent Maintained a Living Trust 0 8. Total Number of Safe Deposit Boxes
(Attach copy of Will) (Attach a copy of Trust)
BLOCKS 9. Litigation Proceeds Received 10. Spousal Poverty Credit (date of death between 0 11. Election to tax under Sec. 9113(A)
12-31-91 and 1-1-95) (Attach Sch 0)
::mJ$::$.$Q.ftQij::MQij:ij~::$.Qlm.gQ;:Aij':PQ.ijR~$PQmJ.i~::~::eQNfipgittlA#1.i$.]NfQRMAnQN$HP9m:jg::ptBimtlWQ;::
NAME COMPLETE MAILING ADDRESS
COR- David J. lenox, Esauire One s. Baltimore st.
RE- FIRM NAME (If Applicable) Dillsburg, PA 17019
SPON
DENT '!he Wiley Group
TELEPHONE NUMBER
717-432-9666
OFFICIAL USE ONLY
1. Real Estate (Schedule A) (1 ) None
2. Stocks and Bonds (Schedule B) (2) 1,512.00
3. Closely Held Corporation, Partnership or Sole-Proprietorship (3) None
4. Mortgages & Notes Receivable (Schedule D) (4) None
5. Cash, Bank Deposits & Miscellaneous Personal
Property (Schedule E) (5) 17,000.00
6. Jointly Owned Property (Schedule F)
0 Separate Billing Requested (6) None
RECA-
PITULA- 7. Inter-Vivos Transfers & Miscellaneous
TION Non-Probate Property (Schedule G or L) (7) 472,983.53
8. Total Gross Assets (total Lines 1-7) (8) 491,495.53
9. Funeral Expenses & Administrative Costs (Schedule H)(9) 10,040.33
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10) 731. 99
11. Total Deductions (total Lines 9 & 10) (11 ) 10,772.32
12. Net Value of Estate (Line 8 minus Line 11) (12) 480,723.21
13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax (13) 289,445.49
has not been made (Schedule J)
14. Net Value Subject to Tax (Line 12 minus Line 13) (14) 191,277.72
SEE INSTRUCTIONS ON PAGE 2 FOR APPLICABLE RATES
15. Amount of Line 14 taxable atthe spousal tax
rate. or transfers under Sec. 9116 (a)(1.2) 191,277.72 X .0 0 (15) 0.00
TAX 16. Amount of Line 14 taxable at lineal rate 0.00 X .0 45 (16) 0.00
-
COMPU- 17. Amount of Line 14 taxable at sibling rate 0.00 X .12 (17) 0.00
TATION 18. Amount of Line 14 taxable at collateral rate 0.00 X .15 (18) 0.00
19. Tax Due (19) 0.00
20. 0 [&B~$.k:BeR~jF:YQUAR~j~~Qije$tjijG:W:ReRlijpQjtNipve.a.liljYM~jfif:d
.. .... ..... ... ......................... ........... .......,......... ............ ............. . .......... ............ ..,......... . . . . . . . . .. .
1'1- [/1--10
.::::.:::....:.:.......
;:::::;:::.::::::::.:::.:.::;:;-:.:.::.,:.::;:::::::::::::::::.::
tt:t:'t":t::$g::ae::$Qae.:to.AN$W~t.tAP.t.:~V~~N$:~:I!(.i\$J;i:'i~:ANp::a:~G8.e.tKMAtH#~:/::m::??:m::/t:::tt{::
.....:::::;;::::::.;::;.::.;.;.:.;.:.:.:.:
o PA 15001
NTF 29755
Copyright 2000 Greatland/Nelco LP - Forms Software Only
PA AEV-1500 EX (6-00)
h
Page 2
l!Jecede t's ComDlete Address:
STREET ADDRESS
2715 Laurel street
CITY I STATE IZIP
Grantham PA 17027
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
(1 )
0.00
Total Credits (A + B + C)
(2)
0.00
3. Interest/Penalty if applicable
D. Interest
E. Penalty
(3) 0.00
(4)
(5) 0.00
(SA) 0.00
(5B) 0.00
Totallnterest!Penalty (0 + E)
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 request a refund
If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE.
A. Enter the interest on the tax due.
B. Enter the total of line 5 + SA. This is the BALANCE DUE.
,,:,: .. ...... ,.:\;:::... "":::'::':" ................... ::": .'.:::':'::':':~~~~:0:\t:~:0:::1ii~:~1:I:i:;=;;::::~~:':~~~.~:.:i~'::;:'::Qr:,:.;g~~r<.::::::::::::::::::::\:.::.::'::)::::::::::::...
.:.:.::::::.:::::,::::::::::::: ...
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1.
4.
5.
Did decedent make a transfer and:
a. retain the use or income of the property transferred; .......................................
b. retain the right to designate who shall use the property transferred or its income; .................
c. retain a reversionary interest; or. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d. receive the promise for life of either payments, benefits or care? ...... . . . . . . . . . . . . . . . . . . . . . . . .
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? . . .
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. E9
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES,
YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my
knowledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representative is based on information of
which preparer has any knowledqe.
SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN DATE
~~^-"- .>J. ~~ .J...... >'# ~ (1)(1;. /0, alool
ADDRESS )
SChedule attached
IGNA R F AR OTHER THA REPRESENTATIVE
Yes No
I ~
8 ~
o
17019
~~~;?t~~tt~~:~:;:~:r;~;t(~;~;{:::}~:J;::::::::::::==:;;=::::::::;:::::::::::::::::::;:;:;::. .. ... :~; .. .... >.:.:.:::;:::;::::::::::.:......,. ............. ," :.:'::::::::;: :::::::::::::::::.
... .' .... ':::::::::::. .:.:.:.:.:....:.:.:.:....... .:':: .. . .. :::::.:.:.'.;.:. ...... :. .', ..................:.:.:.;.~.;.;.:.;.:.:
F~.r.d~ies o(d.~:3.th on or ~ft:e~:J\.i1y "1',':{994 and 'befor'e Januar'y' 1, ';'995~'the tax rate imposed 'o'n' th aHnet' value of tra'-nsfers to or f'or the use of t'h e surviving
spo'use is' 3%
[72 P.S.1i 9116(a)(1.1)(i)].
For dates of death on or after January 1,1995. the tax rate is imposed on the net value of transfers to orforthe use of the surviving spouse is 0% [72 P.S. Ii 9116 (a)(I.I) (ii)].
The statute rtnp-~ not Bxp-mpt a transfer to a surviving spouse from tax, and the statutory requirements far 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 to or far the use of a natural parent, an adoptive parent,
or a stepparent of the child IS 0% [72 P.S. li9116{aXl.2)].
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. Ii 9116(1.2} [72 P.S. 8 9116(a}(1}J.
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. Ii 9116(a)(1.3)]. A si bling is defined. under Section 9102, as an individual
who has at least one parent in common with the decedent, whether by blood oradoption.
o PA15002
NTF 29756
Copyright 2000 Clreatland/Nelco LP - Forms Software Only
.
( Estate of: Larry G. Lawver
The following person(s) are signing the return as representative(s) of the estate:
Barbara G. lawver
2715 laurel street
Grantham, PA 17027
LASTWllL AND TESTAl\1ENT
OF
LARRY G. LAWVER
I, LARRY G. LAWVER, of Cumberland County, Pennsylvania do hereby make, publish
and declare this, my last Will and Testament, hereby revoking and making void any and all Wills
and Codicils at any time heretofore made by me.
FIRST: I direct that my debts, the expenses of my last illness and the expenses of my final
services and burial be satisfied and fully paid out of my estate as soon as may be convenient after
my decease.
SECOND: I leave all funeral arrcmgements to my Executor hereinafter named; In the event I
have not already purchased a burial lot for my family and me, I hereby authorize and empower my
Executor to purchase such a lot, to erect a suitable memorial thereon, and to provide for the
permanent upkeep of same out of my estate..
(
THIRD: In as much as a1l items of household furniture and furnishings in our residence and
other items of personal property have been transferred to the previously created revocable living
trust described below, I make no disposition of the saine in this, my Last Will and Testament, but
rather certify that all of the same are the property of the just-referenced ~evocable living trust.
FOURTH: I give, devise and bequeath the rest, residue, and remainder of my Estate, of every
nature and wherever situate, unto my wife, BARBARA G . LAWVER, as Trustee, to be added to
and thereafter held in Trust as part of the Trust Estate pursuant to that certain Revocable Trust
Agreement dated Apri124, 1997, and executed by me and BARBARA G. LAWVER prior to the
execution of this, my Last Will and Testament, to have and to hold, IN TRU'ST NEVERTHELESS,
for the uses and purposes, and subject to the terms and provisions thereof, including any alterations
or amendments thereto, or any other Trust which may hereafter be substituted therefor.
~llTJ:i: I hereby name, constitute and appoint my wife, BARBARA G . LAWVER as
Executrix of this, My Last Will and Testament. In the event my Wife, shall fail to qualify or cease
to continue to qualify as Executrix by reason of death, disability, incapacity or otherwise, I hereby
name, constitute and appoint BRAD S. LAWVER, PERlANN L. SMITH and BRIAN S . LAWVER
as Contingent Co-Executors. If either of the contingent co-executors fails to qualify or fails to
serve, the remaining executor(s) shall serve. They are to serve without bond, and I direct that my
fiduciaries shall not be required to enter security in any jurisdiction in which they may act.
1 of 4
(
i.,
,
(
SIXTH: My Executor shall have the following powers in addition to those vested in him by
Law and by other provisions of this, my Last Will and Testament, to be exercised without court
approval, and .effective until distribution of all property:
1. To retain any or all of the assets of my estate, real or
personal, without restriction to investments authorized for
Pennsylvania fiduciaries, as my Executor from time to time may
deem proper, without regard to any principle of diversification or
risk.
2. To invest in all forms of property without restriction to
investments authorized for Pennsylvania fiduciaries, as my Executor
from time to time may deem proper, without regard to any principle
of diversification or risk.
(
3. To sell at public or private sale, to exchange, or to lease for
any period of time, any real or personal property and to give options
for sales, exchanges or leases, for such prices and upon such terms
or conditions as my Executor from time to time may deem proper.
4. To allocate receipts and expenses to principal or income or
partly to each as my Executor from time to time ~ay deem proper.
5. To borrow money from person or institution including my
Executor and to mortgage or pledge any or all real or personal
property as my Executor in my Executor's sole discretion shall
choose, without regard to the dispositive provisions of this
instrument.
6. To compromise any claim or controversy asserted by or
against my estate.
7. To make distribution in cash or in kind or partly in cash and
partly in kind, and in such manner as my Executor may determine,
and at valuations finally to be fixed by my Executor.
2 of 4
SEVENTH: I direct my Executor to claim any expenses of administration of my estate. as income
tax deductions upon any income tax return or returns whenever in said Executor's sole judgment
such action will achieve an overall reduction in the total income and death taxes. No compensating
adjustments between income and principal shall be made as a result of such action. I also authorize
my Executor to join my wife, or her personal representative in the filing of a joint income tax
return for any period for which such a return may be permitted, without requiring the estate of my
wife, to indemnify my estate against liability for the tax attributable to the income of my wife, and
to consent for Pederal gift tax purposes, to having gifts made by my wife, during my lifetime
treated as having been made half by !l1e.
EIGHTH: I direct that all estate, inheritance and other taxes in the nature thereof, together with
any interest or penalty thereon, becoming payable by -reason of my death, with respect to property
forming my gross estate for tax purposes, w~ether or not passing under this, my Last Will and
Testament, shall be considered an expense of administration of my estate, and no legatee or devisee
or any person having a beneficial interest in any such property, whether under this my Last Will
and Testament, or any Codicil thereto, or otherwise shall at any time be required to refund any part
of such taxes; provided, however, that such taxes may be paid from the Trust Estate, in accordance
with the provisions set forth for the payment thereof in that certain Revocable Trust Agreement
dated Apri124, 1997.
NINTH: Whenever used in this, my Last Will and Testament, the singular shall include the
plural, the plural the singular, and the use of any gender shall be applicable to all genders. As used
herein, the terms "child", "children" and "issue" and similar terms shall include children adopted
( under the age of twenty-one (21) years, regardless of the date of adoption, with full effect as if they
were the natural children of the adopting parents.
IN WITNESS WHEREOF: I, LARRY G. LAWVER, the Testator above named, have to this,
my Last Will and Testament, typewritten on four sheets of pape::.; whic,h I have initialed, and below
hereunto set my hand and seal this ,Z'I'1fA day of r-//,)/ p I
,199 7 ' ~:<<~
L G. LAWVER
SIGNED, SEALED, PUBLISHED, and DECLARED by the said LARRY G. LAWVER, as and
for his Last Will and Testa,ment, in the presence of us, who, in the presence of the Testator and
of each o~er, 7 hereunto subscribed our names as witnesses th~eto, ,
fJ-VIc d GnA1IA'-!. G, y'M/~
'(' t1'
Address: J S. ;ac::I!:,-v(o~~ S'1""'...e-r!- Address: / -<f 1?n~-II-
:u. 'It 6v) fJ-'f /7t!/1'
[j~", fb. /7t'1f
c
3 of 4
THE STATE OF PENNSYLVANIA
(
SS
COUNTY OF YORK
We, LARRY G.. LAWVER, DAVID J. LENOX, ESQUIRE AND JANICE E. YOCUM, the
testator and the witnesses, respectively, whose names are signed to the attached or foregoing
instrument, being first duly sworn, do hereby declare to the undersigned authority that the testator
signed and executed the instrument as his last will and that he had signed willingly or directed
another to sign for him, and that he executed it as his free and voluntary act for 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 our knowledge the testator was at the time 18 or more years
of age, of sound and mind and under no constraint or undue influence.
~.rf~
-rf).JJ1 ~ ,/
. . ;V!iess /
Jo~fI [1ft11~/A4A-
. Witness
Sworn to and subscribed before me
this .;?L/-ti1ctay of A-pr/ I ., 1997
.51J",~ Ahdj'JIPA'
NOTARY UBLle
MY CO:M:MISSION EXPIRES:
1
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Notali Notal)' publlc
. Oawn Gladfelter, CountY
S. D\\ls~ur~ BOEro,~~tMay "\1, 1997
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REVOCABLE
TRUST AGREEMENT
. MADE this;2' <{'t... day of A ~~ ,( . ,1997 by and between Larry G.
Lawver and Barbara G. Lawver, his wi e, resIdents of Cumberland County, PennsylvanIa,
(hereinafter referred to as the "Settlors"), and Larry G. Lawver and Barbara G. Lawver, his
wife, residents of Cumberland County, Pennsylvania, as the Trustees (hereinafter collectively
referred to as the "Trustees").
WIT N E SSE T H:
ARTICLE ONE
(A) Establishment of Trust Estate: The Settlors have transferred and delivered
to the Trustees that property more fully described in Schedule "A" ,attached hereto and made
part hereof (the "Property"). The Trustees shall hold and administer the Property, together with
all other cash or property of any kind which the Trustees at any time may acquire from the
Settlors or from others by inter-vivos transfer or pursuant to beneficiary designations by Last
Will and Testament or otherwise, including, but not limited to, the residue and remainder of
Settlors' Estate as provided for in Settlors' Last Wills and Testaments ("Additions"), together
with the proceeds, investments and reinvestments with respect thereto as a trust estate ("Trust
Estate") on the terms and condition hereinafter set forth.
The name of the Trust herein created shaH be the LARRY G. LAWVER and
BARBARA G. LAWVER REVOCABLE TRUST, dated AfJ/"/ ...2 '-{"t..., /79?
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(B) Distributions to Settlors Dunne Settlors Lifetime: During the lifetime of the
Settlors, the Trustees shall pay to the Settlors or expend for the Settlors' benefit the entire net
income produced by the Trust Estate ("Income") in convenient installments or otherwise as
Settlors may from time to time direct, together with such portion of the principal of said Trust
Estate as Settlors may from time to time direct or, if Settlors give no directions, as the Trustees
deem advisable to provide for the health, welfare and comfortable support of the Settlors, and
to continue Settlors' accustomed pattern of giving to individuals and organizations. Any
unexpended Income shall be added to principal and invested as such.
(C) Distributions of Trust Estate in the Event a Settlor Becomes Incapacitated:
If at any time a Settlor is under a legal disability, or if by reason of illness or mental or physical
disability a Settlor is "incapacitated," as such term is defmed below, and is unable to make or
communicate responsible decisions concerning Settlor's affairs, the Trustees shall use the income
and part or all of the principal of the Trust Estate for the care, comfort and support of the
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Settlor, or for any other purpose which the Trustees, in their sole and absolute discretion, deem
to be for the best interests of the Settlor.
"Incapacity" of a Settlor shall be determined by the existence of one or more of the
following:
(1) There is a court order, which such Trustee or beneficiary deems to be
jurisdictionally proper and still concurrently applicable, holding a person to be legally
incapacitated to act on his or her own behalf or appointing a guardian to act for him or her, or
(2) There is a duly executed, witnessed,' and acknowledged written certificate of a
licensed physician (whom represents that he or she is certified by a recognized medical board),
to the effect that the physician has examined the Settlor and has concluded that' such person has
become incapacitated to act rationally and prudently in his or her own financial best interests,
or
(3) There is evidence which such Trustee or beneficiary deems to be creditable and
still currently applicable that the Trustee has disappeared, is unaccountable absent, or is being
detained under duress where he or she is unable effectively and prudently to look after his or
her own best interests.
Given the occurrence of such events or circumstances, the .affected Settlor shall be
deemed to have become incapacitated. Such incapacity shall be deemed to continue until such
court order, certificates, andlor circumstances have become inapplicable or have been revoked.
Any physician's aforesaid certificate may be revoked by a similar certificate to the effect
that the person is no longer incapacitated executed either: (a) by the originally certifying
physician or (b) by another licensed, board certified physician. No Trustee. shall be under any
duty to institute any inquiry into the person's possible incapacity, but the expense of any such
inquiry reasonably instituted may be paid from the Trust assets. Payment for such inquiry refers
both to a reasonable inquiry as to the incapacity of such individual and to that inquiry as to the
revocation of such a certificate.
(D) Distribution of Trost Estate Upon the First Settlor's Death:
Upon the death of the first Settlor to die, the 'Trustees are authorized to pay to the
deceased Settlor's personal representative or to expend directly such sums as deceased Settlor's
personal representative shall request in writing to supplement the deceased Settlor's estate in
order to pay particular legacies, debts, funeral expenses, administration expenses, estate
inheritance and other taxes in the nature thereof, together with any interest or penalties thereon,
becoming due by reason of the Settlor's death with respect to the property constituting Settlor's
gross estate for death tax purposes, whether or not such property passes under this Trust
Agreement; PROVIDED, HOWEVER, that no assets shall be used for this purpose which are
not otherwise included in a deceased Settlor's gross taxable estate; and PROVIDED FURTHER,
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that if the Trust Estate contains any United States government bonds which are redeemable at
par in payment of Federal estate taxes, the Trustees shall apply them directly in payment of said
taxes, regardless of the sufficiency of assets in the estate or any direction in the Last Will and
Testament of the Settlor to pay all such taxes from the probate estate.
(E) Division of Trost Estate: If the surviving Settlor is living on the thirtieth (30th)
day following the deceased Settlor's death, the Trustee shall divide the assets of the Trust Estate
held at Settlor's death, and other assets received by the Trustees that are included in Settlor's
gross estate for federal estate tax purposes after payment of any charges under Article Seven,
(collectively the "Trust Assets") into the Family Trust and the Marital Trust as hereinafter set
forth. If Settlor's spouse does not survive Settlor, or to the extent Settlor's spouse or her
personal representative has disclaimed a portion of Settlor's residuary estate which is less than,
or equal, to the value of the numerator of the fraction described in Paragraph (F) of this, Article
One, such assets shall constitute the Family Trust. The Trustees shall administer the Marital
Trust and the Family Trust as hereinafter set forth.
(F) Creation of the Family Trust: . The Family Trust shall consist of a fractional
share of the Trust Assets. In cases where the Trust is to be funded to the maximum extent
allowable under Federal and State Estate Tax provisions, the numerator of the fraction shall
equal the largest value of the Trust Assets that can pass free of federal estate tax by reason of
the Unified Credit and the credit for state death taxes (to the extent the use of such credit does
not increase state death taxes) allowable to the Settlor's estate, after reduction by reason of (i)
Settlor's adjusted taxable gifts, (ii) other dispositions of property included in Settlor's gross
estate for which no marital, charitable, or other deduction is allowed in computing Settlor's
federal estate tax, and (iii) administration expenses and other charges to principal that are not
claimed and allowed as federal estate tax deductions. The denominator of the fraction shall
equal the value of the Trust Assets as finally determined for federal estate tax purposes. Settlor
realizes that the fraction may be effected by the exercise of certain elections made by Settlor's
personal representative and by the surviving Settlor.
There is no requirement that the Family Trust be funded to the maximum extent
allowable but in no event shall the amount of funds deposited exceed the fractional amount
specified in the paragraph immediately above.
(G) Creation of the Marital Trust: The Marital Trust shall consist of the
fractional share of the Trust Assets which remain after establish of the Family Trust pursuant
to Paragraph (F) of this, Article One.
(H) Allocation of Assets: The Trustees shall not allocate to the Marital Trust
any property or proceeds of property that cannot qualify for the marital deduction. To the extent
possible, the Trustees shall not allocate to the Marital Trust any assets upon which a foreign
death tax is payable. In other respects, the Trustees may allocate assets as the Trustees deem
to be in the best interests of the beneficiaries, valuing each asset on the date of allocation.
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cn Allocation of Income: Income earned on the Trust Assets before the division
(and income on assets used to make payment of debts, taxes and other charges as- described in
Article Seven, Paragraph A hereof) shall retain its character as income and shall be allocated
in the same fractions. Income earned on assets that are not included in Settlor's gross estate for
federal estate tax purposes shall retain its character as income in the Family Trust.
ARTICLE TWO
OPERA nON OF THE MARITAL TRUST
(A) Durin~ the Lifetime of the Survivine Settlor:
(1). Income Distributions: During the lifetime of surviving Settlor, the Trustees
shall pay the net income from the Marital Trust to the surviving Settlor in quarterly
installments, or other convenient installment arrangements, or apply the same directly for the
support of surviving Settlor, should surviving Settlor, by reason of age, illness or any other
cause in the opinion of the Trustees be incapable of disbursing it.
(2). Principal Distributions: As much of the principal of the Marital Trust as
Trustees, in their sole and absolute discretion may, from time to time think advisable for health,
welfare, maintenance and comfortable support of surviving Settlor, shall be either paid to the
surviving Settlor or else applied directly for the benefit of surviving Settlor by the Trustees,
should the surviving Settlor, by reason of age, illness or any other cause ih the opinion of the
Trustees be incapable of disbursing same. The surviving Settlor shall have the power to
withdraw such amounts from principal as the surviving Settlor shall desire from time to time
including the entire exhaustion of principal.
(3). Administration of Marital Trust: The surviving Settlor may direct the Trustees
to make any unproductive assets of the Marital Trust productive or convert them within a
reasonable time. In funding or administering the Marital Trust the Trustees shall not exercise
any power in a manner that would infringe upon any legal requirement for the allowance of the
Marital Deduction for federal estate tax purposes. .
(B) FolJowin2 the Death of the Survivin~ Settlor:
(1). Income Distribution Upon Death of Survivin~ Settlor: Upon the death of the
surviving Settlor, if he/she survives deceased Settlor by at least thirty (30)days, the Successor
Trustees shall pay to the personal representative of the estate of the surviving Settlor, all Income
accrued but undistributed as of the date of death of the surviving Settlor.
(2). Distribution of Principal to Estate of Surviving Settlor to Pay "Death Taxes".
The Successor Trustees shall then make payment to the personal representative of the estate of
surviving Settlor, out of the principal of the Marital Trust, an amount equal to the estate,
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inheritance, transfer, succession or other death taxes ("death taxes") federal, state' and other,
payable by reason of the inclusion of part or all of the trust property in his or her estate. The
determination by the personal representative of the estate of the surviving Settlor, of the amount
payable hereunder shall be final and conclusive. The final determination of the amount due
hereunder shall be based upon the values as finally determined for federal estate tax purposes
in the estate of the surviving Settlor. The Settlors hereby direct the Successor Trustees to pay
such amount promptly upon written request of the personal representative of the estate of the
surviving Settlor, and upon payment of the amount finally determined to be due hereunder, the
Successor Trustees shall be discharged from any further liability with respect to such payment.
The surviving Settlor may waive the right of her estate to payment under this, Paragraph (B) 2
of Article Two, by Last Will and Testament, executed after. Settlor's death, or in a properly
executed Codicil made part of the Last Will and Testament of the surviving Settlor after Settlor's
death, in which surviving Settlor specifically refers to the right to payment hereby given to the
estate of surviving Settlor.
(3). Power of Appointment Exercisable by the Surviving Settlor: Upon the death
of the surviving Settlor, the remaining principal and any accrued or undistributed Income shall
be transferred and delivered to or for the benefit of such one or more persons, corporations or
other organizations, including the estate of the surviving Settlor or to the creditors of the
surviving Settlor, in such portions or amounts and subject to such trusts, terms and conditions
as the surviving Settlor, may appoint by specific reference in the Last Will and Testament of the
surviving Settlor to the power of appointment contained in this, Paragraph (B} 3 of Article Two.
If the surviving Settlor does not exercise this power in full, the unappointed principal and
accumulated and undistributed Income shall be added to the Family Trust, subject to payment
of taxes as hereinafter provided.
ARTICLE THREE
OPERATION OF THE FAMILY TRUST
(A) Durin~ Tbe Lifetime of The Survivin~ Settlor:
(1). Income Distributions: The Trustees shall pay the net income of the Family
Trust to the surviving Settlor in quarterly installments, or more convenient installments, or apply
the same directly for the support of the surviving Settlor, should the surviving Settlor, by reason
of age, illness or any other cause in the opinion of the Trustees be incapable of disbursing it.
(2). Principal Distributions: As much of the principal of the Family Trust as the
Trustees in their sole discretion may from time to time think advisable for the health, welfare,
comfort and support of the surviving Settlor.
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It is the Settlor's express intent that distributions under Paragraph (A) 2 of this, Article
Three, be made so that the surviving Settlor may be maintained in the manner of"1iving and in
the station of life to which the surviving Settlor is accustomed at Settl.or's death, even to'the
exhaustion of all principal in the Marital Trust, taking into account the other readily available
assets and sources of income of the surviving settlor; provided, however, that, insofar as
practical, no principal of the Family Trust shall be paid to the surviving Settlor or applied for
the benefit of the surviving Settlor as long as any principal remains undistributed in the Marital
Trust created under Article Two hereof.
(3) Additional Withdrawals of Principal: In addition to the above provisions,
the surviving Settlor shall have the power to direct the Trustees to pay to her or to apply out of
principal of the Family Trust in each year including the year of Settlor's death an amount not
in excess of the greater of Five Thousand ($5,000) Dollars or Five (5%) percent of the then
aggregate value of the principal of the Family Trust. This power is noncumulative and can be
exercised only by an instrument in writing signed by the surviving Settlor and delivered to the
Trustees.
(4) Limited Power of Appointment: At the death of the surviving Settlor, if the
surviving Settlor survives the deceased Settlor, the Trustees shall distribute the principal and any
undistributed income of the Family Trust (including any assets received from the Marital Trust
or other sources) as the surviving Settlor may appoint by specific reference to this power in the
Last Will and Testament of the surviving Settlor. The surviving Settlor may appoint to or
among any of the deceased Settlor's descendants, and may appoint outright in further lawful
trust. The Trustees shall administer the unappointed principal and income of the Family Trust
as hereinafter directed.
(B) Following The Death of The Survivin~ Settlor:
(1). Distributions of Income and Principal: Upon the death of the surviving Settlor, or
upon the death of the deceased Settlor, if the surviving Settlor dies not survive Settlor by at least
thirty (30) days, the then remaining principal of the Family Trust and any accumulated or
undistributed income shall be distributed as follows:
(a) Specific Distributions from the Trost Estate:
Prior to any distribution of the balance of the Trust Estate, the following specific
distributions shall be made by the Successor Trustee.
1) $25,000.00 to each of Settlors' grandchildren.
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(b) Distribution of the Balance of the Trost Estate:
After provision has been made for the above noted specific distributions, the balance of
the Trust Estate shall be distributed as follows:
1) Brad S. Lawver, Settlors' son, shall receive one-third of the balance of the
Trust Estate.
2) Periann L. Smith, Settlors' daughter, shall receive one-third of the balance
of the Trust Estate.
3) Brian S. Lawver, Settlors' son shall receive one-third of the balance of the
Trust Estate.
(2) In the event that any of the Settlor's beneficiaries named above should predecease
the Settlors, all of that person's share of the Trust Estate is to be left in Trust to be equally
divided among that person's issue and bestowed directly to them if they have reached their
Thirty-Fifth birthday, or if not as described hereinafter in ARTICLE FOUR, PARAGRAPH A.
If an above-named beneficiary should predecease the death of the Surviving Settlor and should
die without issue, then his or her share of the Trust Estate shall be added to the other shares set
aside for the benefit of the Settlors' other living beneficiaries of their surviving issue.
ARTICLE FOUR
ADDITIONAL PROVISIONS APPLICABLE TO MARITAL AND FAMILY
TRUSTS
(A) Beneficiary Provisions: If a beneficiary who is entitled to receive a
share of the principal of the Trust Estate shall not have attained the age of thirty-five
(35) years, the Trustees are hereby authorized and empowered to continue to hold,
manage and distribute such share for the following uses and purposes:
(1). The Trustees shall payor apply to or for the use of the beneficiary
thereof, in quarterly or other convenient installments, so much of the income and
principal (even to the point of exhausting the same) as the trustees, in their sole
discretion, deem advisable, to provide for the health, welfare, maintenance, support,
education and emergency need of said beneficiary. The term "education" as used
herein shall include all expenses (including tuition, room, board, books, supplies,
transportation expenses, and reasonable spending money) necessary to complete a
normal two or four-year college education, and graduate education, as well as
technical, or vocational training, at an accredited institution, should the beneficiary
thereof show aptitude and desire to pursue such education.
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(2). Upon written request made by the beneficiary thereof and delivered
to the Trustee, the Trustee shall distribute to him or her up to one-fourth (1/4) of the
then-remaining principal and accumulated income thereon, on or .after the date upon
which said beneficiary attains the age of twenty one (21) years.
(3). Upon written request made by the beneficiary thereof and delivered
to the Trustee, the Trustee shall distribute to him or her up to one-third (1/3) of the
then-remaining principal and accumulated income thereon, on or after the date upon
which said beneficiary attains the age of twenty five (25) years.
(4). Upon written request made by the beneficiary thereof and delivered
to the Trustee, the Trustee shall distribute to him or her up to one-half (1/2) of the
then remaining principal and accumulated income thereon, on or after the date upon
which said beneficiary attains the age of thirty (30) years.
(5). The entire remaining balance of principal and accumulated income
then-remaining thereon shall be distributed to the beneficiary thereof when he or she
attains the age of thirty-five (35) years, at which time said trust shall terminate.
(6). If the beneficiary thereof dies before receiving final distribution
hereunder, the undistributed balance thereof shall be distributed pursuant to the
provisions of ARTICLE THREE as though the beneficiary thereof had predeceased
the surviving settlor.
(7).. In the disbursement of funds directed to be paid to or for the use and
benefit of any beneficiary who shall not have attained the age of twenty-one (21)
years, the Trustees may, in their sole and absolute discretion, make payment of the
same to the parent, guardian or such other person, if any, having custody of the
beneficiary who has not yet attained the age of twenty-one (21) years at the time
such payments are made, to be used for the health, education, welfare, maintenance
and support of such beneficiary, but without liability on the part of the Trustees to
see the application of said payments by the payee, and the receipt of any such person
shall be a full acquittance of the Trustees as to any amounts so paid, or the Trustees
may make payment of the same directly to or for the benefit of such beneficiary.
This shall be construed as a power only and shall not operate to suspend the absolute
ownership thereof by such beneficiary who has not yet attained the age of twenty-one
(21) years, nor prevent the absolute vesting thereof of such beneficiary.
(B) Perpetuities Savin2S Provision: Notwithstanding anything to the
contrary herein contained, upon the expiration of twenty-one (21) years following
the death of the survivor of all the beneficiaries herein named or described who are.
living at the death of the first Settlor to die, all Trusts remaining hereunder shall
terminate, and the principal shall be transferred and delivered to the person then
entitled to the Income therefrom.
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(C) Spendthrift Clause: Neither the principal nor the Income of any portion
of the Trust Estate shall be liable or subject to the contracts, debts, liabilities or
torts, now or hereafter made, contracted, incurred or committed, or any beneficiary
or remainderman; nor shall the principal or Income of the Trust Estate be liable to
attachment by garnishment proceedings or other legal process; nor shall any
assignment or order either of principal or income, given by any beneficiary or
remainderman be valid, but the principal and Income shall be paid by the Trustees
directly to or for the use of the beneficiary entitled thereto, without regard to any
assignment, order, attachment or claim whatever. Every such attempted assignment
or other disposition by any beneficiary or remainderman shall not be merely
voidable, but absolutely void, except that this provision shall not impair or restrict
the exercise of any power of appointment granted hereunder. No payment hereunder
shall become the property of any beneficiary or remainderman until it is received by
him or his guardian.
(D) Disposition of Accrued Income Followini Death of Income
Beneficiarv: Upon the death of any Income beneficiary, any Income accrued or
received by the Trustees subsequent to the last Income payment date shall be paid
to the person or persons for whose benefit the principal producing such Income is
continued in trust or to whom such principal is distributed under the terms hereof.
(E) Stock Dividends Allocated To Principal: Corporate distributions
received in shares of the distributing corporation shall be allocated to principal,
regardless of the number of shares and however described or designated by the
distributing company.
(F) Characterization of "Income": "Accrued Income": Income accrued
on any property received by the Trustees, either at the inception of the Trust Estate
or as an addition thereto, shall be treated as Income and not as principal;
PROVIDED, HOWEVER, that any lump-sum distribution payable to the Trustees
under any employee benefit plan or individual retirement account in which the
Settlor has an interest shall be treated as principal notwithstanding the. options,
elections or privileges that may be exercised by the Trustees, the Settlor or any
beneficiary of income, estate or death tax purposes. Upon the death of any
beneficiary of income, any undistributed income then held by the Trustees for such
beneficiary shall be paid to the person or persons for whose benefit the principal
producing such income is continued in Trust or to whom it is distributed under
the terms hereof.
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ARTICLE FIVE
PROVISIONS WHICH GOVERN THE TRUSTEES
(A) Powers of the Trustees: The Trustees hereunder shall have the
following powers, in addition to and not in limi~tion of those granted by law:
1. Accept. Purchase and Retain Assets: To accept assets in kind
from the Settlor, his estate or elsewhere, to purchase assets from the
estate and to retain such assets in kind;
2. Sale and Investment of Other Assets: To sell assets and to invest
and reinvest the proceeds and any other cash in any kind of property,
real or personal, or part interest therein, located in the United States
or abroad, including interest bearing accounts in or certificates issued
by any firm, including .a corporate fiduciary, and securities
underwritten by syndicates of which the corporate fiduciary is a
member but not purchased from the Trustees, all statutory and other
limitations as to the investment of funds, now or hereafter enacted or
in force, being waived;
3. Hold Cash: To hold Income cash uninvested until the next regular
payment date, without liability for interest thereon;
4. Purchase Life Insurance: To retain or to purchase policies of life
insurance, to pay premiums thereon from income or principal and to
. exercise all rights of ownership thereof;
5. Encumber Assets: To pledge, exchange or mortgage real or
personal property and to lease the same for terms exceeding five (5)
years; .
6. Give Options: To give options for sales, leases and exchanges;
7. Compromise Claims: To compromise claims and controversies;
8. Vote Common Stock: To vote shares of corporate stock, in
person or by proxy, in favor of or against management proposals;
9. Carry Securities Without Identifying Trust Estate: To carry
securities in the name of a nominee, 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;
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10. Distribution in Kind: To make division or distribution hereunder either in cash
or in kind; and, in connection therewith, to allocate to different kinds of, or interests
in, property and property having different bases for federal income tax purposes, all
as the Trustees deem equitable;
11. Investment of Trust Estate Assets: To invest and reinvest the Trust Estate funds
(or leave them temporarily uninvested), in any type of property and every kind of
investment, without regard to any principle of diversification of risk, and without
being limited to "legal investments", including (but not limited to) corporate
obligations of every kind, preferred or common stocks, securities of any regulated
investment trust, and partnership interests.
12. Participate in Business Operations: To participate in the operation of any
business or other enterprise for whatever period of time the Trustees deem proper,
with full power to do any and all things deemed necessary or appropriate, including
the power to incorporate any unincorporated business; to vote any and all shares of
stock owned in any such business; to borrow and to pledge assets as security for
such borrowing; to assent to, join in, or vote in favor of or against any merger,
reorganization, voting trust plan, or similar action, and to delegate discretionary
duties with respect thereto; to delegate all or any part of the supervision,
management and operation of the business to such person or persons as may be
selected; and to close out, liquidate, or sell the business at such time and upon such
terms as the Trustees deem advisable.
13. Deposit Funds: To deposit Trust Estate funds in any commercial savings or
savings and loan accounts, or in "money market" or similar accounts maintained by
any corporate fiduciary.
14. Borrow Funds: To borrow money for any reasonable Trust Estate purpose
from any lender, including the power to borrow from the probate estate of Settlor
for the purpose of payment of taxes or on behalf of any separate trust hereunder
from any other separate trust hereunder, upon such terms, including (but not limited
to) interest rates, security, and loan duration, as they deem advisable.
15. Make Loans: To lend Trust Estate funds to such persons and on such terms,
including (but not limited to) interest rates, security, and loan duration, as the
Trustees deem advisable, including the power to make loans to the Settlor during his
lifetime.
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16. Sale of Trust Estate Assets: To sell or otherwise dispose of Trust Estate assets,
including (but not limited to) Trust Estate real Property, for cash or credit, at public or
private. sale, and with such warranties or indemnifications as the Trustees deem advisable.
17. Alteration or Disposal of Trust Estate Assets: To improve, develop, manage,
lease,or abandon any Trust Estate assets, as the Trustees deem advisable.
18. Hold Property Without Identifyine Trust Estate: To hold property in the name of any
Trustee or any custodian or nominee, without disclosing this trust, but the Trustees are
responsible for the acts of any custodian or nominee the Trustees so use.
19. Compensate for Administration: To pay and advance money for the Trust Estate's
protection and for all expenses, losses, and liabilities sustained in its administration.
20. Act as Leeal Representative: To prosecute or defend any action for the protection of
the Trust Estate, the Trustees in the performance of their duties, or both, and to pay,
contest, or settle any claim by or against the Trust Estate or the Trustees in the performance
of their duties.
21. Hire Consultants. etc.: To employ and dismiss agents, brokers, investment advisors,
accountants, attorneys and employees, regardless of whether they are associated with the
Trustees,or the Trustees or affiliates or employees thereof, and to advise or assist them in
the performance of their duties.
22. Allocate Between Principal and Income: To determine what is principal or income and
what items shall be charged or credited to either.
23. Execute Bindine Legal Instruments: To execute and deliver any instruments necessary
Of useful in the exercise of any of the foregoing powers.
24. Retain Non-Income Producing Property: To retain, during the lifetime of the Settlors,
for so long as the Trustees may deem advisable any property whatsoever, regardless of
whether or not such property is income producing. -
25. Retain Settlor's Personal Residence: Following the death of the Settlor, the
Trustees are authorized to retain as part of the Trust Estate for the personal use of the
surviving Settlor, any property occupied by Settlor and the Surviving Settlor at the death of
Settlor as their principal place of residence for so long as the surviving Settlor wishes to
occupy said residence. During such period of retention, the Trustees shall pay from the
income or principal of the separate trusts established hereunder as the Trustees may deem
to be in the best interests of such trusts and their beneficiaries, all taxes and assessments
levied upon or assessed against residence, and all costs of maintaining, repairing and
insuring said residence.
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No obligation of rent shall be imposed upon the surviving Settlor during any period
of occupation of said residence. On written or oral request of the surviving Settlor,
the Trustees may sell said residence :;r.nd replace it with other property which in the
opinion of the Trustees is suitable as a residence for the surviving Settlor, to be
retained in the trust in the same manner as the property which was replaced.
26. Authority to Sign Documents: Either Trustee shall have the power to execute
individually any and all documents necessary to carry out the powers, functions, and
duties of the position of Trustee. Such power shall include, but shall not be limited
to: the signing of checks, the opening of bank or other financial accounts, the
disbursement of Trust funds, the execution of contracts, and other such fmanciaI
transactions.
(B) Resiioation of Trustees: Any Trustee may resign at any time during Settlors'
lifetimes by written notice to Settlors. After the death of the last Settlor to die, a Trustee may
resign at any time, without stating cause, by notice to the remaining Trustee(s); provided, however
that prior to the resignation of a sole remaining individual Trustee, such Trustee's resignation shall
not become effective until after such Trustee has appointed a corporate trustee as successor, and
such corporate trustee has accepted such appointment. Absent such appointment and acceptance,
said Trustee's resignation shall not become effective until said Trustee has petitioned a court of
competent jurisdiction to designate a successor corporate trustee.
(C) Successor Trnstee(s): Upon the death, disability, incapacity or resignation of any
Trustee, during the lifetime of the Settlors, the (surviving/non-incapacitated) Settlor may appoint
one or more successor Trustees. Upon the death, disability, incapacity or resignation of any
individual Trustee following the death of the first Settlor to die, the then remaining individual
Settlor/Trustee may appoint one or more successor Trustees, who may either be individuals or a
corporate trustee; provided, however, that such right of appointment shall not exist to the extent
a corporate trustee has already been appointed hereunder.
Should the surviving/non-incapacitated Settlor fail to appoint a different Trustee, then upon
the death or incapacity of the surviving Settlor, Brad S. Lawver, Periann L. Smith and Brian S.
Lawver shall serve as Co-Successor Trustees. Should one of them fail to accept the position of
Trustee or once accepted fail to serve, the remaining Co-Successor Trustee(s) shall serve as sole
Successor Trustees without compelling the appointment of a replacement for the failed or lapsed
appointment. Said successor trustees are to serve without bond.
During the lifetime of the surviving Settlor, Brad S. Lawver, Periann L. Smith and Brian
S. Lawver shall serve as Co-Successor Trustees with the surviving Settlor with respect to the
Family Trust.
T-13
(D) Replacement of a Corporate Trustee: if at any time a corporate trustee has been
appointed during the lifetime of Settlors, the Settlors may replace such corporate trustee by written
notice to said corporate trustee, and may, but shall not be required to, designate a successor
corporate trustee. Following the death of the Settlors, the individual Trustees may replace a
corporate trustee by written notice thereto, and may, but shall not be required to, designate a
successor corporate trustee.
(E) Compensation of Trustees: The Trustees shall be entitled to receive annual
compensation for their services hereunder but not in excess of such compensation as would be
approved by a court of competent jurisdiction. Payment of such compensation to a Trustee, in his,
her or its capacity as such shall not preclude payment to any Trustee for the rendition of
professional services for, or on behalf of, the Trust Estate. For any services performed by the
Trustees in connection with Settlors' estates, which services are normally performed by the personal
representative, the Trustees shall be entitled to such additional compensation as may be fair and
reasonable under the circumstances.
(F) Authority to Terminate Small Trusts: Should the principal of any Trust Estate herein
provided for, be or become too small in the Trustees' discretion to make establishment or
continuance of the Trust Estate advisable, the Trustees may make immediate distribution of the
remaining principal and Income outright to the Income beneficiaries in the proportion to which they
are then entitled to the Income. The receipts and releases of the distributees will terminate
absolutely the right of all persons who might otherwise have a future interest in any portion of the
Trust Estate, whether vested or contingent, without notice to them and without the necessity of
filing an account with the court.
(G) Mer!!er: The Trustees may merge or consolidate for administrative purposes any trust
established under this Trust Agreement with any other trust established by Settlor of the surviving
Settlor having the same Trustee and substantially the same dispositive provisions.
(H) Division and Dele~ation of Duties by Trustees: One or more of the Trustees may,
whenever, as often, and for such period as they shall deem it advisable to do so, delegate to one
or more of the other Trustees, any or all ministerial and administrative duties, including the keeping
of books and records, acting as custodian of the Trust Estate property, and preparing all necessary
tax returns, as well as the authority to exercise in their names and behalf any or all the powers,
authorizations, discretion, and duties vested in or devolving upon them as Trustees under the
provisions of this Trust Estate. Any action taken by the Trustees to which such division or
delegation shall be made shall have the same force and effect as if taken and exercised by the
designating or delegating Trustee(s) acting in conjunction with the designated or delegated
Trustee(s). Any such delegation shall be sufficiently evidenced for any and every purpose if
contained in a writing, signed by the designating Trustee(s) and delivered to the designated
Trustee( s).
<n Fiduciary Restrictions. Discretion and Elections: The powers and discretion granted
to the Trustees are exercisable only in a fiduciary capacity and may not be used to shift or enlarge
T-14
. .
any beneficial interest except as an incidental consequence of the discharge of fiduciary duties. The
Trustees may make discretionary payments of income and principal in unequal shares to the
beneficiaries of any trust established hereunder, and may, but shall not be required to, consider
other resources available to any beneficiary. The Trustees may make tax elections without regard
to the relative interests of any beneficiaries and may, but shall not be required to, make equitable
adjustments among beneficiaries.
(J) Limitation on Ri&hts of the Survivin~ Settlor to Participate in Certain Decisions:
1. Decisions Regarding Principal Distributions From the Family Trust:
Notwithstanding anything herein contained to the contrary, the surviving Settlor shall not
participate in, nor have any power to make, any decisions regarding discretionary
distributions of any portion of the principal of the Family Trust.
2. Other Decisions Which Might Result in the Inclusion of the Family Trust in the Estate
of the Surviving Settlor: Notwithstanding anything herein contained to the contrary, the surviving
Settlor shall have no right to participate in any decisions affecting the Family Trust which might
result in the inclusion of the principal thereof in surviving Settlor's estate for federal estate tax
purposes. If any provision of this Trust Agreement shall result in the inclusion of any portion of
the Family Trust in the estate of surviving Settlor, such provision is hereby revoked and this Trust
Agreement shall be read as if any provision thereof inconsistent with exclusion of any portion of
the Family Trust from the estate of surviving Settlor is null and void.
ARTICLE SIX
ADDITIONS TO TRUST ESTATE:
RIGHT TO REVOKE. ALTER AND AMEND TRUST AGREEMENT:
LIFE INSURANCE AND EMPLOYEE DEATH BENEFITS
(A) Additions to Trust Estate: The Settlors or others may, by Last Will and Testament,
inter-vivos transfer or ben~ficiary designation, add to the Trust Estate, cash or such property in
kind as is acceptable to the Trustees at any time during the term of the present Trust Agreement.
(B) Settlors' Right to Revoke A~reement: The Settlors expressly reserve the right at any
time and from time to time to revoke this Agreement, in whole or in part, by written notice
delivered to the Trustees during Settlors joint lifetimes. The Surviving Settlor shall have the right
to revoke, in whole or in part, the portion of the present Trust Agreement relating to the Marital
Trust created herein. The Surviving Settlor shall have, however, no right whatsoever, to revoke
any portion of the Trust Agreement relating to the Family Trust created herein. Upon the death
T-15
of the surviving Settlor, the Trust and of its terms and conditions shall become Irrevocable and not
. subject to amendment or modification.
(C) Settlors' Ri~ht to Amend Trust A~reement:. The Settlors further reserve the right
at any time and from time to time to amend this Agreement at any time during their joint lives by
a proper instrument in writing, executed by the Settlors and delivere4 to the Trustees during
Settlors' lifetimes and accepted by the Trustees. The Surviving Settlor shall have the right to
amend, in whole or in part, any provision in the present Trust Agreement relating to the Marital
Trust created herein. The Surviving Settlor shall have, however, no right whatsoever, to any
provision in the Trust Agreement relating to the Family Trust created herein. Upon the death of
the surviving Settlor, the Trust and of its terms and conditions shall not be subject to amendment
or modification. .
(D) Life Insurance: If Settlors designate the Trustees as beneficiary of the proceeds of any
policies of insurance on their lives, the duty and responsibility for the payment of premiums and
other charges on such policies during the Settlors' lifetimes shall rest solely upon Settlors. The
oniy duty of the Trustees shall be the safekeeping of such policies as are deposited with it, and the
Trustees shall be under no duty to notify the Settlors that any such premium or other charge is due
and payable.
All options, rights, privileges and benefits exercisable by or accruing to the Settlors during
their lifetimes by the terms of the policies shall be for the Settlors' sole benefit. The Settlors agree,
however, riot to exercise any options whereby the proceeds would be payable to the Trustees other
than on one sum. Upon the written request of the Settlors, the Trustees shall execute and deliver
such consents and .instruments as may be requisite to enable the Settlors to exercise or avail
themselves of any option right, privilege or benefit granted by any of the policies. Upon the
Settlor's/Settlors' death(s), or at such later time as may be specified in the policies, the net proceeds
of any policies then payable to the Trustees hereunder shall be collected by the Trustees; the receipt
of the Trustees for such proceeds shall release the insurance companies from liability on the
policies, and the insurance companies shall be under no duty to see to the application of such
proceeds. The Trustees may take all steps necessary in their opinion to enforce payment of said
policies and shall be entitled to indemnify themselves out of any property held hereunder against
all expenses incurred in taking such action.
(E) Employee Death Benefits: The' Settlors may designate the Trustees as beneficiary of
certain employee death benefits. In such case the Trustees shall collect the proceeds receivable
therefrom upon the Settlor's/Settlors' death(s) and hold them as part of the Trust Estate. The
receipt of the Trustees for such proceeds shall be a full acquittance to the administrator of such
benefit, and said administrators shall not be liable to see to the application of such proceeds. To
the extent that such proceeds are not included in the Settlor's estate for federal estate tax purposes,
they shall not be used for the payment of death taxes or any administration expenses of Settlor's
estate. The Trustees may select any option available to it as to the time and method of payment
of such proceeds and may also exercise any option with respect to the income or death taxes
thereon as they in their sole discretion deem advisable, and their decision in these matters shall be
binding upon, and shall not be subject to question by, the beneficiaries~
T-16
ARTICLE SEVEN '
MISCELLANEOUS PROVISIONS
(A) Incontestability:
The beneficial provisions of this instrument and of Settlors Last Will and Testament) are
interided to be in lieu of any other rights, claims, or interests of whatsoever nature, whether
statutory or otherwise, except bona fide pre-death debts, which any beneficiary hereunder may have
against or in Settlors' estate of the properties in Trust hereunder. ' Accordingly, if any
beneficiary hereunder asserts any claim (except a legally enforceable debt), statutory election, or
other right or interest against or in Settlors' estate, Settlors' Will, or any properties of said Will,
or directly or indirectly contests, disputes, or calls into question, before any court, the validity of
this instrument or of said Will, then;
(a) Such beneficiary shall thereby absolutely forfeit any and all beneficial interests
of whatsoever kind and nature which such beneficiary might otherwise have under
this instrument and the interests of the other beneficiaries hereunder shall thereupon
be appropriately and proportionally increased andlor advanced.
(b) All if the provisions of this instrument, to the extent that they confer any
benefits, powers, or rights whatsoever upon such claiming, electing or contesting
beneficiary, shall thereupon become absolutely void and revoked, and
(c) Such 'claiming, electing, or contesting beneficiary, if then acting as a Trustee
hereunder, 'shall automatically cease to be a Trustee and shall thereafter be ineligible
either to select, remove, or become a Trustee hereunder. The foregoing shall not
be construed, however, to limit the appearance of any beneficiary as a witness in any
proceeding involving this instrument or said Will nor limit any beneficiary's
appearance in any capacity in any proceeding solely for the construction of either of
said documents.
(B) Payment of Debts. Taxes and Other Char~es upon Settlor's Death: Upon each
Settlor's death, the Trustees may pay to or upon the order of Settlor's personal representative funds
needed to pay Settlor's debts, funeral and burial: expenses, costs of administration, death taxes and
specific bequests, if any, under the Settlor's Last Will and Testament. The Trustees may rely upon
Settlor's personal representative as to the amount of such charges. The decision of the Trustees
about whether to provide funds shall be fmal, except that the Trustees shall use any U.S. Treasury
securities that may be redeemed at par to pay federal estate taxes for that purpose. Assets that are
not included in Settlor's gross estate for federal estate tax purposes shall not be used for such
payments. The Trustees shall pay the charges before the division of the Trust Estate under Article
One, Paragraph B hereof, and the payments shall not be charged against the Marital Trust or the
share of any beneficiary hereunder.
T-17
(C) Payment of Taxes at the Survivin, Settlor's Death: If the surviving_Settlor does not
negate this provision by specific reference to this paragraph in the Last Will and Testament of the
Surviving Settlor, the Trustees shall, upon the death of the surviving Settlor, pay to the estate of
surviving Settlor from the principal of the Marital Trust a sum sufficient to cover the estate and
inheritance taxes payable by reason of the death of the surviving Settlor and attributable to the
principal of the Marital Trust. The taxes attributable to the principal of the Marital Trust shall be
the difference between (i) the actual taxes payable at the death of the surviving Settlor and (ii) the
taxes that would be payable if the principal of the Marital Trust were not taxable upon the death
of the surviving Settlor.
(D) Disclaimer: Any beneficiary hereunder, or the legal representative of any such
beneficiary shall have the right, within the time prescribed by law, to disclaim any benefit or power
under this Trust Agreement. All or any fractional part of the Marital Trust disclaimed by or on
behalf of the surviving Settlor shall be added to the Family Trust. The surviving Settlor shall have
the same interest in such added property as the surviving Settlor has in the other property in the
Family Trust (unless the surviving Settlor also disclaims his or her interest in the Family Trust),
except that the surviving Settlor shall have no discretionary power as Trustee or otherwise to direct
enjoyment of the disclaimed property for the benefit of any person other than the surviving Settlor
in a transfer that is not subject to federal gift or estate tax.
The Trustees shall segregate the disclaimed property from the property of the Family Trust
over which the surviving Settlor retains any such power. Property disclaimed by or on behalf of
the surviving Settlor shall not be included in "other dispositions of property" for purposes of
reducing the numerator of the fraction described in Article One, Paragraph (F). Any additional
estate or inheritance taxes attributable to any disclaimer of the Marital Trust or other property
qualifying for the Marital Deduction for federal estate tax purposes shall be paid from the
disclaimed property. The taxes attributable to any disclaimer shall be the difference between (i)
the actual taxes payable at the Settlor's death and (ll) the taxes that would be payable if the
disclaimer were not made.
(E) Word Meanin2S: The words "herein", "hereinbefore", "hereinafter" and "hereunder"
refer to this Agreement as a whole and not merely to a subdivision in which such words appear,
unless the context requires otherwise. The singular shall include the plural, the plural the singular,
and the use of any gender shall be applicable to all genders. The terms "child II "children" and
"issue" and similar terms shall include adopted children, regardless of the date of adoption, with
full effect as if they were the natural children of the adopting parents. The term "minor" shall
mean any person under the age of twenty-one (21) years, regardless of the age of the majority
provided by statute. .
(Ii') Para2rapb or Article HeadinlS: Headings contained in this Trust Agreement are
inserted only as a matter of convenience and for reference, and shall not be con'strued in any way
to define, limit, extend or describe the scope of any of the provisions hereof.
T-18
(G) Governin2 Law: This Agreement shall be deemed to have been delivered to and
accepted by the Trustees in the State of Pennsylvania, regardless of the jurisdiction in which actual
execution may have occurred, and shall be interpreted and governed in all respects by the laws of
said State which shall be applied to any dispute arising hereunder.
(H) Enforceability: The invalidity or enforceability of any particular provisions of this
Agreement shall not affect the other provisions hereof and this Agreement shall be construed in all
respects as if such invalid or unenforceable provision was omitted.
(1) Chan~e of A~eement: Except as otherwise specifically provided herein, no change,
modification, amendment of, or waiver under, this Agreement shall be valid unless the same be in
writing and signed by all of the parties hereto.
(J) Notices: Any notice, request, direction, instruction or other communication
permitted or requested to be made hereunder by any party to the other shall be in writing (including
telex, telegram or telecopier ["fax"], signed by the party giving such notice and shall be delivered
personally, sent by registered .or certified mail, postage prepaid~ or by telex, telegram or fax (in
each such case followed by written confirmation) to the other parties, to the addresses indicated
below the signature of each of the undersigned (or to such other address as any or all of said
undersigned may have submitted therefor by written notification. . The date of personal delivery,
the date of receipt (if mailed), when delivered by the telegraph company or in the case of telex or
fax, when received, as the case may be, shall be the effective date of such notice. Whenever under
the terms hereof the time for giving notice or performing an act falls upon a Saturday, Sunday or
holiday, such time shall be extended to the next business day.
T-19
IN WITNESS WHEREOF, with the intentions to be legally bound hereby, the Settlor and
the Trustees have executed this Trust Agreement on the day and year fIrst above written.
SETTLOR:
~J~
L Y G. LAWVER
WITNESS:
r71;n, [, ICYtD.cY0:-
SETTLOR:
d~~J~
BARBARA G. LA. R
M~
.. 'I
/1
I
TRUSTEE:
~"'~
L G. LA R
WITNESS:
~ [, f MJM<A
TRUSTEE
~~/~r
BARBARA G. LA R
(
T-20
COMMONWEALTH OF PENNSYLVANIA:
: SS
COUNTY OF YORK
On this, the c:PL/tIl day of 4./Jri I , 1991, before me, a Notary Public, personally
appeared Larry G. Lawver and Barbara G. Lawver, known to me or satisfactorily proven to be the
persons whose names are subscribed to the within instrument as the Settlors and as the Trustees and
acknowledged that they executed the same for the purposes therein contained.
IN WITNESS WHEREOF I hereunto set my hand and official seal this ~ Lf*4 day of
/J-pr II , 199+-.
5 jJ~ At~~
Notary Public and for Sa! County
My Commission Expires:
Notarial Seal Public
. Oawn Gladfelter. N~t~~U\1t'/
S. Dillsbur~ Boro. ':fo May 11. 1997
isslon ExpIres
My comm .', ^"Soci.ation of Notaries
nsyNam" t'~
Mamnar, Pen
T-21
REV-1503 EX + (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
. RESIDENT DECEDENT
ESTATE OF
I.arry G. Lawver
SCHEDULE B
STOCKS & BONDS
FILE NUMBER
All property Jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM
NO. DESCRIPTION
VALUE AT DATE
OF DEATH
1 Series EE Bond (Face Value $1,000.00) Issued 01/1994:
2 Series EE Bond (Face Value $1,000.00) Issued 2/93:
709.60
802.40
TOTAL (Also enter on line 2, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
1, 512.00
7 CPA31 NTF 10905
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35
REV-1508 EX... (1-97)
. .
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
ESTATE OF FILE NUMBER
Larry G. Lawver
Include proceeds of litigation & date proceeds were recei"ed by the estate. All prop.lolntlv-owned with rlqht of survivorshIp must be dIsclosed on Sch. F.
ITEM
NO. DESCRIPTION
VALUE AT
DATE OF DEATH
1 Distribution/estate of Kenneth E. stine:
17,000.00
TOTAL (Also enter on line 5, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
17,000.00
7 CPA81 NTF 10908
Copyright Forms Software Only, 1997 Nelco,lnc.
.~
Brad S. Lawver
Successor Trustee of the Kenneth E. Stine Trust
48 Alfred Drive
LeVlisberry, Pennsylvania 17339
(717) 938-3608
August 27, 2001
CERTIFIED RETURN RECEIPT NUMBER. l Oq~ '3 \{ 0 0 DO i t"p to ~ ~ 1. \ loS Y
Ms. Barbara G. Lawver
Sole Trustee of the Lawver Family Trust of Apri124, 1997
2715 Laurel Street
Grantham, P A 17027
Re: Trust and Estate of Kenneth E. Stine, Deceased
Distributions
Dear Ms. La-wver:
All of the beneficiaries "have approved the Summary of Account for the period
August 19, 2000 through May 15, 2001. The parents of all the minor beneficiaries have
also signed Acceptances as Substitute Trustees for their minor children. I am now.
prepared to make the distributions announced in Isabel Varona-Jirik's letter of May 30,
2001. I have the documentation necessary to make distribution to you on behalf of Larry
G. Lawver, Deceased.
Before I do so, I would like to address the 11,066 "Virtual Wall Street, Inc."
shares owned by the estate. These shares were valueless as of the date of Kenneth Stine's
death. I have been in touch with the directors of this company several times during the
trust administration. As of July, 2001, the shares remained valueless. There is, however, a
possibility that these stocks may acquire some value in the future. I am concerned about
letting go of this asset without making ail attempt to maximize its potential value. I
propose to sell the shares to the highest bidder amongst all of the beneficiaries. The terms
of the bidding process is attached to this letter. Please read it carefully and let me lalow if
you wish to participate or have any questions, comments or objections. .
In announcing the distributions, I indicated that some beneficiaries would be
receiving all cash and some beneficiaries would be receiving cash and bonds with a total
value of $17,000 per distribution. The reason is that Kenneth Stine had purchas~d U.S.
Savings Bonds naming some of the beneficiaries of the Trust as alternate owners. Prior to
his death, he instructed me. to count the value of the bonds as part of the distribution from
the Trust. Since he did not do so in writing, I am not legally boUnd to proceed in this
manner. Since he was so specific as to his intentions, and no objections were expressed
during our conversations, I proceeded according to Kenneth's verbal instructions.
Trust and Estate of Kenneth E. Stine
August 27,2001
Page 2
If there is a bond to be distributed to you, the value of the bond as of September
2001 is being included in your distribution. lfthere is no bond in your name, your
distribution will be in cash only.
Enclosed please find the following:
Bond Valued at
$ Il;()(Y.).lUI
$NWE, as of September, 2001
Check for
Total Distribution: $17,000
,/
Please call me if you have any questions or comments.
Yours truly,
~~
BSL:eg
encs.
REV-1510 EX + (1-97)
. .
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Larry G. Lawver
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
FILE NUMBER
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 EXCLUSION
ITEM INCLUDE NAME OF THE TRANSFEREE, THEIR DATE OF DEATH DECD'S (IF TAXABLE VALUE
RELATIONSHIP TO DECO & DATE OF TRANSFER.
NO. ATTACH COpy OF THE DEED FOR REAL ESTATE. VALUE OF ASSET INTEREST APPLICABLE)
Larry G. lawver and Barbara G.
lawver Revocable Trust dated
4/24/97:
1 139,555.27
Salomon Smith Barney Acct.
#724-18346-18-790:
2 Pennsylvania Central Federal Credit 9,890.22
union Account #45111-095:
3 PNC Bank CDA 31700074600: 10,368.34
4 PNC Bank CDA 31200161135: 14,818.12
5 PNC Bank DDA 5070096317: 7,331.56
6 PNC Bank SVG 5030042925: 1,298.13
7 Real Estate situate at 2715 laurel 140,000.00
Street, Grantham, Upper Allen
Township, CUmberland County, PA:
8 Salomon Smith Barney IRA a/e 57,721. 77
724-61929-13-790:
9 '!he Vanguard Group Federal Money 89,446.33
Mkt Fund 09901200010:
10 Prudential Insurance CO. Annuity: 2,553.79
TOTAL (Also enter on line 7, Recaoitulation) $ 472.983.53
7 CPA01 NTF 10910
(If more space is needed, insert additional sheets of the same size)
Copyright Forms Software Only, 1997 Neice, Inc.
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PAGE 03
F' . 22/02
A.G-29-2901 15: 41
...
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To: Slwon M GanfllCanlUI'Ml'1$CJlll~Ne.
oc:
SUbJeCt C81e of Death ....... wJI..oan5
!:state of L.rry Go L8wWr, OtQ!ra-'d
SSN; 162-2&4603
OOC: 02l18t'2001 \
ACCOUNT NUMBER * DATE OF DEATH BAlANCE + ACCRlJEO INTEReST · eSTABLJSJrf!D DATE
CDA 311000r..eoG $10.343.60 -+ t24.es02l0Gf1fi7 - "JI"I~3"~$~
C0A312001fS1135 $14,142..81 .. $7$.23 0112111898 - .If I j$'~~,. I S~
DOA 5OT0008317 17,331.02 + 1O.e4 OWOS/1tee I,. ;:) .
SVG 503004Z925 $1,287.87 . SO.26 0611811997 ..it I, ;t q~.1 :3.
SDe 300 Upper Alert flr8noh 07/1 en QS9
Our department only Pf'O'IkIM date d dMth baIancas for IPtAs, CDs. Checking and Savings accounts.
For Loan Information pIeeae cont8Ct RIta Kush at (412) 782-6174.
PI__ nata 1hat we only OV Brancn Nqueat.
~.or-t~U:.)
TOT~ P.t2l2
THEMmguClJ'CbRouP.
DAVID J LENOX
ATTORNEY AT LAW
1 S BALTIMORE ST
DILLS BURG, PA 17019
September 12,2001
Federal Money :Mkt Fund
09901200010
Dear Mr. Lenox:
Weare responding to your request to provide the account value for February 18, 2001,
for the above-referenced IRA Rollover account registered to Larry G. Lawver.
Since that date was on a non-business day, we are providing the values for February 16,
2001. On that date, the number of shares, price per share, and,the value of the account
were as follows:
Fund Name
Federal Money .Mkt Fund
Date opened 6/25/1996
500 Index Fund
Date opened 6/25/1996
Shares
61,415.080
Price
$1.00
Value
$61,415.08
231.591
$120.30
$27,860.40
Accrued Dividends (through the date of death) ifapplicable:
.$ 'j'q t/t./lt. '33
,
Federal Money Mkt Fund
500 Index Fund
$170.85
NA
Note: As of February 20,2001 (the business day following the date of death), the
account's share balance remained the same. However, the sh'are price had changed to:
Federal Money:Mkt Fund
500 Index Fund
$1.00
$118.21
Post Office Box 2600, Valley Forge, Pennsylvania I9482-2600
610-669-1000 . www.vanguard.com
,
For more information please visit our web site at www.Vanguard.com. You can also call
our Client Services Department at 1-800-662-2739. An Associate will assist you.
Sincerely,
Client Services Department
ksr
50027953
Serving Members since 1938
www.pacentralfcu.com
May 11,2001
The Wiley Group
ATTN: David J. Lenox
1 South Baltimore Street
Dillsburg, PA 17019
RE: Larry G. Lawver
Account #45111~095
Dear Mr. Lenox:
Main - 959 East Park Drive
Harrisburg, PA 17111
Branch - 25 West Main St.
Shiremanstown, PA 17011
. 717-564-4661 or 800-356-3875
fax 717-564-1503
Larry G. Lawver maintained a share/savings account and money market account
with our credit union. The balance as of the date of his death was $ 53.66 in the share
savings account and $9,836.56 in the money market account. The accounts were titles
Larry G. &/or Barbara Lawver, Revocable Living Trust.
If you have any further questions, you may contact our office at (717) 564-4661 or
toll free (800) 356-3875 extension 111.
Sincerely,
~))&
Tina Dechert
Supervisor, Member Services
=t
., "
SALOMONSMITHBARNEY
717.780.1700 . 800.237.1700
A member of Cl'bgroupj'
:COpy
Apri124,2001
Barb
PO B 97
Grantham, P A 17027
Re: Date of death values as of 2/18/0 1
724-61929-13-790 and 724-18346-18-790
Dear Barbara:
We rece~ved a letter from David Lenox requesting values on the above
referenced accounts. The following is the information you should provide to
him. Please note that since date-Of death was on a Sunday the following
values are from Friday and Tuesday, as Monday was a holiday:
724-61929-13-790 IRA alc
Shares Description 2/16 Value 2/20 Value
152 Alliant Energy Corp $32.18 $4891.36 $32.33 $4914.16
25 Boeing Co 60.05 1501.25 61.64 1541.00
122 De Beers Cons Mines 43.50 5307.00 42.81 5222.82
232 Exxon Mobil Corp 83.81 19443.92 84.01 19490.32
221 Hershey Foods Corp 64.24 14197.04 64.83 14327.43
25 Lockheed Martin Corp 36.08 902.00 37.25 931.25
442 Rite Aid Corp 4.39 1940.38 4.63 2046.46
, 162 Tyco International 58.14 9418.68 57.83 9368.46
TOTALS $57001.63 $57841.90
This account was opened 7/21/94. Beneficiary was the trust.
SALe:::', ;:',':"',... 3':'.'1:-,::Y II:;:; 11 Nor:~ 3rcSI'ee!. 2nd Floo'. HarrtSO~-;: ~.:. 1"'1'.:'~-17:2 =:.>: 717-233-209C.
(- I <"
I .
724-18346-18-790
Shares Description 2/16 Value 2/20 Value
------ Bank Deposit Program. $1.00 $3137.02 $1.00 $3137.02
300 BSCH Finance 7.79% 24.19 7257.00 24.26 7278.00
600 Repsol IntI 7.45% 23.58 14148.00 23.59 14154.00
1000 ACNE Corp 16.12 16120.00 16.03 16030.00
200 ABN Amro Cap 24.92 4984.00 24.81 4962.00
400 DLJ Cap Tr 8.42% 25.21 10084.00 25.25 10100.00
2335 Delaware PA Tax Free 8.12 18960.20 8.12 18960.20
100 F oTtune Brands 33.86 3386.00 33-.74 3374.00
130 Neuberger Berman 42.85 5570.50 40.97 5326.01
600 PWG Cap Trust 8.08 25.37 15222.00 25.61 15366.00
600 Reliastar Fing II 8.10 25.25 15150.00 25.29 15174.00
100 Sears Roebuck & Co 39.43 3943.00 40.25 4025.00
200 Sears Roebuck pfd 7% 24.11 4822.00 24.14 4828.00
1249 SB Pennsylvania Port .13.45 16799.05 13.46 16811.54
-TOTALS $139582.77 $139525.77
This account was opened as a joint account on 7/21/94. The account
registration was changed to the trust on 9/13/99. There is no beneficiary
information on this account.
Should you require additional information please let us know.
.JJDff
Debbie Koons
Business Development Associate to
Marilynn R. Kanenson VP /Investments
/dak
"'The information herein has been obtained from sources we believe to be reliable, but do
not guarantee its accuracy or completeness
REV-1511EX + (1-97)
'" I ~
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Larry G. Lawver
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
FILE NUMBER
Debts of decedent must be reported on Schedule I.
ITEM
NO. DESCRIPTION
A. FUNERAL EXPENSES:
AMOUNT
See Schedule attached
Total from continuation page (s)
10,040.33
8. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personal Representative(s)
Social Security Number(s)JEIN No. of Personal Representative(s)
Street Address
City State
0.00
Zip
Year(s) Commission Paid:
2.
3.
Attorney Fees
Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
0.00
0.00
State
Zip
City
Relationship of Claimant to Decedent
4.
Probate Fees
0.00
5.
Accountant's Fees
0.00
6.
Tax Return Preparer's Fees
0.00
None
TOTAL (Also enter on line 9, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
10,040.33
7 CPA11 NTF 10911
Copyright Forms Software Only, 1997 Nelco, Inc.
REV-1512 EX + (1-97)
(. ,-; ,..
01
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Larry G. lawver
Include unreimbursed medical expenses.
ITEM
NO.
FILE NUMBER
DESCRIPTION AMOUNT
1 Health Insurance (Medicare & security 65 BCjBS) :
416.90
2 Prescriptions:
3 Medicare Deductible:
215.09
100.00
7 CPA12 NTF 10912
TOTAL (Also enter on line 10, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
731. 99
Copyright Forms Software Only, 1997 Nelco, Inc.
RE'{-1~1~ ~ + (1-97)
" ~OM~ONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
SCHEDULE J
BENEFICIARIES
FILE NUMBER
Iar:y G. lawver
No. NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY
I. TAXABLE DISTRIBUTIONS (include outright spousal distributions)
RELATIONSHIP TO DECEDENT
Do Not List Trustee(s)
AMOUNT OR
SHARE OF ESTATE
1 Barbara G. lawver
2715 laurel street
Grantham, PA 17027
SUrviving spouse
191,277.72
ENTER DOLLAR AMTS. FOR DISTRIBS. SHOWN ABOVE ON LINES 15 THROUGH 17 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 Item 1 on Schedule G 139,555.27
(All Items retitled to the Barbara
2 Item 2 on Schedule G G. Lawver Family Trust - EIN #: 9,890.22
25-6789206)
3 Item 7 on Schedule G 140,000.00
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
None
TOTAL OF PART II -- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV 1500 COVER SHEET $
289,445.49
7 CPA13 NTF 10913
(If more space is needed, insert additional sheets of the same size)
Copyright Forms Software Only, 1997 Nelco, Inc.