HomeMy WebLinkAbout01-1027
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
DEPT. 280601
HARRISBURG. PA 17128-0601
REV-1162 EX(11-96)
RECEIVED FROM:
PENNSYLVANIA
INHERITANCE AND ESTATE TAX
OFFICIAL RECEIPT
HATCH CRAIG A
1013 MUMMA ROAD SUTIE 100
LEMOYNE, PA 17043
-------- fold
ESTATE INFORMATION: SSN: 172-01-8818
FILE NUMBER: 21 - 2001 - 1 027
DECEDENT NAME: KENNEDY ELLA MAE
DA TE OF PAYMENT: 11/08/2001
POSTMARK DATE: 00/00/0000
COUNTY: CUMBERLAND
DATE OF DEATH: 04/10/2001
NO. CD 000500
ACN
ASSESSMENT
CONTROL
NUMBER
AMOUNT
101 I $1,701.95
I
I
I
I
I
I
I
I
TOTAL AMOUNT PAID:
REMARKS: COMMUNITY TRUST CO
C/O GRAIG A HATCH ESQUIRE
CHECK# 7135
SEAL
INITIALS: DO
RECEIVED BY:
$1,701.95
MARY C. LEWIS
REGISTER OF WILLS
REGISTER OF WILLS
\
! 7 ~ /9- /--:B
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
DEPT. Z8D6Dl
HARRISBURG, PA 171Z8-D6Dl
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
NOTICE OF INHERITANCE TAX
APPRAISEMENT~ ALLOWANCE OR DISALLOWANCE
OF DEDUCTIONS AND ASSESSMENT OF TAX
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
04-29-2002
KENNEDY
04-10-2001
21 01-1027
CUMBERLAND
101
'02
lii\Y -3
:2 1
CRAIG A HATCH ESQ
GATES & ASSOCS
1013 MUMMA RD STE 10.;,::,
LEMOYNE PA f)\.a.'iS,'
n11
j-\; i
*'
REY-1547 EX AFP CUl-D!)
ELLA
M
Allount Rellitted
) CHANGED
ll)
(2)
(3)
(4)
(5)
(6)
(7)
.00
.00
.00
.00
81.56
513.00
185,495.04
(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 ~
R"E-Y-=is4,-ix-AFP--fo1-:oz1--Ncffici--oF-iNHiifiTANCE-"AX-APPRAisiirENT~--Ai:i-oWAN-CE-CrR-----------------
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF KENNEDY ELLA M FILE NO. 21 01-1027 ACN 101 DATE 04-29-2002
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
14. Net Value of Estate Subject to Tax
NOTE: If an assessment was issued previously, lines
reflect figures that include the total of ALL
ASSESSMENT OF TAX:
15. Allount of Line 14 at Spousal rate (15)
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
TAX CREDITS:
(9)
llO)
5~791.56
.00
lll)
(12)
ll3)
ll4)
NOTE: To insure proper
credit to your account~
subllit the upper portion
of this forll with your
tax paYllent.
186~089.6o
5.791 56
18o~298.o4
168~952.1o
11~346.3o
14, 15 and/or 16, 17, 18 and 19 will
returns assessed to date.
.00
.00
.00
1~701.95
1~701.95
..." Tnc... ICC'-c~.... (+J AMOUNT PAID
DATE NUMBER INTEREST/PEN PAID (-)
11-08-2001 CDo005oo .00 1~701.95
TOTAL TAX CREDIT 1~701.95
BALANCE OF TAX DUE .00
INTEREST AND PEN. .00
TOTAL DUE .00
(Schedule J)
. DO X DO =
.00 X 045=
. DO X 12 =
11,346.30 X 15 =
ll9)=
. 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.)
.
r
.~
REV-1500 EX + (6-00) - - OFFICIAL USE ONLY
COMMONWEALTH OF PENNSYLVANIA REV-1500
DEPARTMENT OF REVENUE
DEPT. 280601 INHERITANCE TAX RETURN FILE NUMBER
HARRISBURG, PA 17128-0601 RESIDENT DECEDENT 21 2001 J D'dl
COUNTY CODE YEAR NUMBER
DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER
Kermedy , Ella Mae 172-01-8818
DECE- DATE OF DEATH (MM-DD-YEAR) I DATE OF BIRTH (MM-DD-YEAR) THIS RETURN MUST BE FILED IN DUPLICATE
DENT
04/10/01 04/06/1911 WITH THE REGISTER OF WILLS
(IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER
3. Remainder Return
CHECK ~ 1. Original Return r Supplemental Return B (date of death prior to 12-13-82)
APPRO- 4. Limited Estate 4a. Future Interest Compromise 5. Federal Estate Tax Return Required
(date of death atter 12-12-82)
PRIATE 6. Decedent Died Testate 7. Decedent Maintained a Living Trust 00 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 D 11. Election to tax under Sec. 9113(A)
12-31-91 and H-95) (Attach Sch 0)
m$$tet@ijM9~igqQMP~P.A4WqQijjj$.PQ~_.QQijfljj#glAtj~J~fQjMAn0i$ijQij~imPtijl;mPIQ;
NAME COMPLETE MAILING ADDRESS
COR- Craig A. Hatch, Esquire 1013 Murrna Road, SUite 100
RE- FIRM NAME (If Applicable) Lem:Jyne , PA 17032
SPON
DENT Gates & Associates, P.c.
TELEPHONE NUMBER
717-731-9600
None OFFICIAL USE ONLY
1. Real Estate (Schedule A) (1)
2. Stocks and Bonds (Schedule B) (2) None
3. Closely Held Corporation, Partnership or Sole-Proprietorship (3) None
4. Mortgages & Notes Receivable (Schedule D) (4) None
5. Cash, Bank Deposits & Miscellaneous Personal
Property (Schedule E) (5) 81.56
6. Jointly Owned Property (Schedule F)
D Separate Billing Requested (6) 513.00
RECA-
PITULA- 7. Inter-Vivos Transfers & Miscellaneous
TION Non-Probate Property (Schedule G or L) (7) 185,495.04
8. Total Gross Assets (total Lines 1-7) (8) 186,089.60
9. Funeral Expenses & Administrative Costs (Schedule H) (9) 5,791. 56
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10) None
11. Total Deductions (total Lines 9 & 10) (11 ) 5,791. 56
12. Net Value of Estate (Line 8 minus Line 11) (12) 180,298.04
13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax (13) 180,298.04
has not been made (Schedule J)
14. Net Value Subject to Tax (Line 12 minus Line 13) (14) 0.00
SEE INSTRUCTIONS ON PAGE 2 FOR APPLICABLE RATES
15. Amount of Line 14 taxable at the spousal tax
rate, or transfers under Sec. 9116 (a)(1.2) X .0 (15)
-
TAX 16. Amount of Line 14 taxable at lineal rate 0.00 X .0 45 (16) 0.00
-
COMPU- 17. Amount of Line 14 taxable at sibling rate 0.00 X .12 (17) 0.00
TATION 18. Amount of Line 14 taxable at collateral rate 11,346.30 X .15 (18) 1,701. 95
19. Tax Due (19) 1,701. 95
20. D Ip~KBtRl;ify'QijUI;8I$Qij~~A"sroijP'QfimQveRP#YMl$fttl
\1
\~
,'3
. ...........................................................................**.~l;..~ql'l~tOAN$WlUlAI$QUI$$:n$N$QNeA$~~ANPa~efll;OKMA1H@)>..........'.'.""""
o PA15001
NTF 29755
Copyright 2000 Greatland/Nelco LP - Forms Sottware Only
, f'
Estate of: Ella Mae Kermedy
21-2001-
stJM.1ARY OF ALLOCATIONS 'IO BENEFICIARIES
Taxable at collateral rate
Jill Peebles
Jack Preston
Janes & Pauline Kermedy
Janes N. Coy
John Kermedy
Shirley A. Wright
Ruth Miller
Mary Wemtz
ElnEr Coy, Jr.
Virginia Pareroy
Rebecca R. Hatch
1,083.33
1,083.33
1,083.33
1,083.33
1,083.33
1,083.33
1,083.33
1,083.33
1,083.33
1,083.33
513 .00
11,346.30
"
PA REV-1500 EX (6-00)
Page 2
Decedent's Complete Address:
STREET ADDRESS
Church of GOO. Hare
801 North Hanover Street
CITY I STATE I ZIP
Carlisle PA 17013
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
8. Prior Payments
C. Discount
(1 )
1,701. 95
0.00
0.00
Total Credits (A + 8 + C)
(2)
0.00
3. Interest/Penalty if applicable
D. Interest
E. Penalty
0.00
0.00
Total Interest/Penalty (D + E)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
Check box on Page 1 Line 20 to request a refund
5. 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.
8. Enter the total of Line 5 + SA. This is the BALANCE DUE.
Make Check Payable to: REGISTER OF WILLS, AGENT
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred; . , , . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . ~ I
:: ~::::~ ~;e~~~~i~n:~:~~:r~s~:~ .S.h~~I.~~~ ~~~ ~~~~~~ ~r~~~~~r.r~~ .or,i~s. i~~~~~;. . . .' .' .' .. .. .. .. .. .' .. .. .. .. .. .. . .
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? ...........",........,............................ 0 ~
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? ~ 0
4, Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? ",.,.,.................,...............,.,.."""...,. ~ 0
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES,
YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
Under penalties of perlury, 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 re arer has a knowled e,
SIGN T E~OF PE N RE E F R FILlN RETURN DATE
. cl Gt;V tJVt mbt/f ~ CJ2tJ()
(3) 0.00
(4)
(5) 1,701. 95
(SA) 0.00
(58) 1,701. 95
A 9ATE
'l/c:Jv ~ ~""'" e./'
& r9t>o/
ADDRESS
1013 Murrrre. Road, SUite 100, l.emJyne, PA 17043
..........................................................................................-.......-.................'..................................................................................
,.....,..'...............................................................'.............................................................................................................................
...................................................................................................................
;:::;:;:::::::::::::::::;:;:::::;:::::;:::::::::::::::::;:;:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::;:;:::::::::::::::::::::::::::::::::::::::::;::::::::::::::::::::
:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
::::::::::::::::::::::::::::::::::::::::::::::::;::::::::::::::::::::::::::::::::::::::::::.:.:.:........
Fordates..ofdeatii.ohor.afteiJijiy....i;..1994ahd.before Jaii~a;y.l:i995;;iieia~..;ate.j~posedoh;heiiet~ai~e.~.i;aiisjers.ioor.io;.tiie~se.0f.iiies~Ni~iiig.spo~seis..3%....".
[72 P.S. ~ 9116 (a) (1.1) (i)l
For dates of death on or after January 1, 1995, the tax rate is imposed on the net value of transfers to or forthe use of the surviving spouse is 0"" [72 P.S. ~ 9116 (a) (1.1) (ii)].
The statute does not exemot a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if
the surviving spouse is the only beneficiary.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent,
or a stepparent of the child is 0% [72 P.S. ~9116(a)(1.2)].
The tax rate imposed on the net value oltransfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72.P.S. ~ 9116(1.2) [72 P.S. %9116(a)(1)].
The tax rate imposed on the net value of transfers to orforthe use olthe decedent's siblings is 12% [72 P.S. ~ 9116(a)(1.3)]. A sibling is defined, under Section 9102, as an individual
who has at least one parent in common with the decedent, whether by blood or adoption.
o PA15002
NTF 29756
Copyright 2000 Greatiand/Nelco LP - Forms Software Only
"
Estate of: Ella Mae Kennedy
The following person (s) are signing the retUTIl as representative (s) of the estate:
Carmunity Trust CaIpaIly, Trustee
3907 Market Street
Carrp Hill, PA 17011
21-2001-
r'
REV-150B EX + (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Ella Mae Kermedy
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
FILE NUMBER
21-2001-
Include proceeds of litigation & date proceeds were received by the estate. All prop. Jointly-owned with right of survivorship must be disclosed on Sch. F.
ITEM VALUE AT
NO. DESCRIPTION DATE OF DEATH
1 Zi..mrErman-Auer F\meral Hare, Inc. - OVeIpayrren.t of funeral bill
(see attached)
81.56
7 CPA81 NTF 10908
Copyright Forms Software Only, 1997 Nelco, Inc.
TOTAL (Also enter on line 5, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
81.56
i
REV-1509 EX + (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Ella Mae Kermedy
SCHEDULE F
JOINTL V-OWNED PROPERTY
FILE NUMBER
21-2001-
If an asset was made Joint within one year of the decedent's date of death, It must be reported on Schedule G.
SURVIVING JOINT TENANT(S) NAME
A Rebecca R. Hatch
ADDRESS
424 Country Side Drive
Ephrata, PA 17522-9628
RELATIONSHIP TO DECEDENT
Collateral
JOINTLY-OWNED PROPERTY:
LETTER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH
Include name of financial institution and bank
ITEM FOR MADE account number or similar identifying number. DATE OF DEATH DECD'S VALUE OF
JOINT
NO. TENANT JOINT Attach deed for jointly-held real estate. VALUE OF ASSET INTEREST DECEDENT'S INTEREST
1 A 04/1997 Allfirst Bank 1,026.00 50.00% 513 . 00
Checking Account
Acct. No. 00720-9416-7
TOTAL (Also enter on line 6, Recapitulation) $ 513 . 00
7 CPA91 NTF 10909
(If more space is needed, insert additional sheets of the same size)
Copyright Forms Software Only, 1997 Nelco, Inc.
..
REV-1510 EX + (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Ella Ma.e K.ermedy
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
FILE NUMBER
21-2001-
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.
ITEM
NO.
DESCRIPTION OF PROPERTY
INCLUDE NAME OF THE TRANSFEREE, THEIR
RELATIONSHIP TO DECO & DATE OF TRANSFER.
ATTACH COPY OF THE DEED FOR REAL ESTATE.
DATE OF DEATH
VALUE OF ASSET
% OF EXCLUSION
DECO'S (IF
INTEREST APPLICABLE)
TAXABLE VALUE
1 On March 8, 1997, Ella Mae K.ermedy,
by and through her
attomey-in-fact, Rebecca R. Hatch,
created Th.e K.ermedy Family
(Irrevocable) Trust with herself as
Settlor and Pennsylvania Fiduciary
and Estate Services, Inc., n/k/a
Ccmnunity Trust Canpany, as
Trustee. Th.e follCMing is a
surrrnaIY of the assets held by the
Trust as valued on date of death.
Th.e Trustee's periodic report is
attached as an exhibit of the
follCMing:
0.00
2 2,807.177 shares of Federated
Incare Trust Fund #36; date of
death average $10.29 per share.
28,885.85
3 2,624.68 shares of Federated U.S.
Gove:r11IleIlt Securities 1-3 Year Fund
#9; date of death average $10.55
per share.
27,656.80
4 2,858.042 shares of Federated
Intennediate Incare Fund #303; date
of death average $9.91 per share.
23,323.20
5 2,451.067 shares of Federated
Managed Conservative GrCMth
Portfolio Fund #357; date of death
average $10.33 per share.
25,319.52
6 1,032.388 shares of Federated
Managed IVbderate GrCMth Portfolio
Fund #360; date of death average
$11.17 per share.
11,531. 77
7 13,814.52 shares of Federated
Governrrent Obligations Fund #395;
date of death average $1.00 per
share.
13,814.52
Total fran continuation paqe (s)
54,963.38
7 CPA01 NTF 10910
TOTAL (Also enter on line 7, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
185,495.04
Copyright Forms Software Only. 1997 Nelco. Inc.
Estate of: Ella Mae Kennedy
Page 2
21-2001-
SCHEDULE G -- Inter-Vivos Transfers and Non-Probate Property
Item
No.
Description
8 40 shares of MetLife, Inc., carm::m.
stock; date of death average $29.95
per share.
9 f'lbrtgage Note on 28 North 28th
Street, Harrisburg, Dauphin COllllty,
Pennsylvania.
10 Carrrerce Bank. Checking AcCOllllt
% Of
Date of Death Deed IS
Value of Asset Interest Exclusion Taxable Value
1,198.00
39,950.86
13,814.52
'IDI7U... (Carry forward to rrain schedule) . . . . . .
54,963.38
REV-1511 EX + (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Ella Mae Kermedy
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
FILE NUMBER
21-2001-
Debts of decedent must be reported on Schedule I.
ITEM
NO. DESCRIPTION
A. FUNERAL EXPENSES:
AMOUNT
1 zi.:rrrnennan -Aller Ftm.eral Hare, Ine . - fillleral goods and services
(see attached)
1,766.56
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personal Representative(s)
Social Security Number(s)/EIN No. of Personal Representative(s)
Street Address
City State
0.00
Zip
Year(s) Commission Paid:
2.
3.
Attorney Fees Narre: Gates & Associates, P. C .
Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
City State Zip
Relationship of Claimant to Decedent
4,000.00
0.00
4.
Probate Fees
25.00
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)
5,791.56
7 CPA11 NTF 10911
Copyright Forms Software Only. 1997 Nelco. Inc.
REV-1513 EX + (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
SCHEDULE J
BENEFICIARIES
FILE NUMBER
Ella Mae Kermedv 21-2001-
RELATIONSHIP TO DECEDENT AMOUNT OR
No. NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not LIst Trustee(s) SHARE OF ESTATE
I. TAXABLE DISTRIBUTIONS (include outright spousal distributions)
See Schedule attached
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
None
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
See Schedule attached
Total fran continuation page (8) 180,298.04
TOTAL OF PART 11-- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV 1500 COVER SHEET $ 180,298.04
7 CPA13 NTF 10913
Copyright Forms Software Only, 1997 Nelco, Inc.
(If more space is needed, insert additional sheets of the same size)
Page 2
Estate of: Ella Mae Kennedy
21-2001-
SCHEDULE J, Part 1 - - Taxable Distributions
Item
No.
Narre and Address of Beneficiary
Relationship
Arrount
1 Jill Peebles
P. o. Box 285
Chester, WV 26034
Collateral
1,083.33
2 Jack Preston
38642 Kunick Road
Centerville, PA 16404
Collateral
1,083.33
3 Jarres & Pauline Kennedy
57 Poplar Place
Ft. Myers, FL 33908
Collateral
1,083.33
4 Jarres N. Cay
540 Malmtain Road
DillSburg, PA 17019
Collateral
1,083.33
5 Jolm Kennedy
566 Mill Road
Annville, PA 17003
Collateral
1,083.33
6 Shirley A. Wright
801 Elizabeth Avenue
Dauphin, PA 17018
7 Ruth Miller
R. D. # 2 Box 2236
Dtmcannon, PA 17020
Collateral
1,083.33
Collateral
1,083.33
8 Mary Wemtz
8160 Evelyn Street
Humrnelstown, PA 17036
Collateral
1,083.33
9 Elrrer Cay, Jr.
3706 Yale Way
lDngrront, CO 80503
Collateral
1,083.33
10 Virginia Pc:treray
1421 Hillside Drive
Los Lunas, NM 84031-9004
Collateral
1,083.33
11 Rebecca R. Hatch
424 Country Side Drive
Ephrata, PA 17522-9628
Collateral
513 . 00
~
Page 2
Estate of: Ella Mae Kermedy
21-2001-
SCHEDULE J, Part 2
Charitable and GavernIIEI1tal Distributions
Item
No. Description
Arrount
1 In Trust for Penbrook Church of God
Camumity Trust Carpany, Trustee
3907 Market Street
Camp Hill, PA 17011
178,131.38
2 Central Pennsylvania Literacy COilllcil, Inc.
P. o. Box 60690
Harrisburg, PA 17106
1,083.33
3 Aurora Club
2114 North 3rd Street
Harrisburg, PA 17110
1,083.33
'IOI7U... (Cany forward to main schedule) . . . . . .
180,298.04
DEATH CERTIFICATE
.,,"""" "\,, .,,' h
This is to cenitV that the information here given is correctly copied fro~ an original certificate of death dul~ filed wit
LpcaJ Rq.isrr:u. The original certifIcate will be forwarded to the State Vital Records Office for permanent filmg.
WARNING: It is illegal to duplicate this copy by photostat or photograph.
Fee for this certificate, $2.00
p
7296303
No,
me as
~/7(~
Local Registrar
APR 1 2 Z001
Date
>3 Rey. 2187
COMMONWEALTH Of PENNSYLVANIA. DEPARTMENT OF HEALTH. VITAL RECORDS
CERTIFICATE OF DEATH
NAME OF DECEOENT IFltSl, Middle. l_'
,.
SEX
2, Female
Ella Mae Kennedy
UNDER , D~
-1"1nut..
IIlRTHl'I.Aa IC",,,,,,
Stale or fCteq1 Co,nryJ
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SOCIAl SECURITY NUMBER
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LICENSE NUMBER
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34.
LAST WILL AND TESTAMENT
OF
ELLA MAE KENNEDY
:~';.~~~~f- :'~:"~';2i0,1~.~~~;~1t;!!~1:~~~ .
;f;'; MC;;NEES, WALt:;:riel!& NURICK
"UJ(?:t> 10~.:.~:~stl~!~~';";;':, '
. ',:"HARRISBURG. PA'I7i 08
WILL
OF
ELLA MAE KENNEDY
I, Ella Mae Kennedy, of Dauphin County, Pennsylvania, declare this to be
my will and hereby revoke all prior wills and codicils made by me.
1. Specific Bequests. I bequeath to the Central Pennsylvania
Literary Council, Inc., located at Market Square Presbyterian Church, any and
all of my books which the Council deems useful to carry out its programs. I
direct that all the rest of my property, of whatsoever kind and wheresoever
situated, be sold and the amount of One Thousand Dollars ($1,000.00) be paid
to each of those of the following individuals or couples, as the case may be,
who survive me:
(a) Mrs. Jill Peebles, 626 West Walnut Street, Titusville,
Pennsylvania 16354.
(b) Mr. Jack Preston, R.D. 2, Centerville, Pennsylvania 16404.
(c) Mr. and Mrs. James (Pauline) Kennedy, Rt. 24, 57 Poplar, Ft.
Myers, Florida 33908, or to the survivor of them.
(d) Mr. James N. Coy, 540 Mountain Road, Dillsburg, Pennsylvania
17019.
(e) Mr. John Kennedy, R.D. 2, Annville, Pennsylvania 17003.
(f) Mrs. Shirley Hartman, 2208 Kensington Street, Harrisburg,
Pennsylvania 17104.
(g) Mr. William Dailey, Paxton Street Home, 2201 Paxton Street,
Harrisburg, Pennsylvania 17111.
(h) Mrs. Ruth Miller, R.D. 2, Duncannon, Pennsylvania 17020.
~;.J
,
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(i) Mrs. Mary Werntz, 8160 Evelyn street, Hummelstown,
Pennsylvania 18354.
HI Mr-s~ Haric.1I P'ieldl.ng, 611 Central-TowQJ:.fl_L_T1-t,uBville,
\) 'I c... -c: c,- <.::: e...l
Penn8y~vania~~54. \
(k) Mr. Elmer D. Coy, Jr., Jonestown, Pennsylvania 17038.
(1) Mrs. Virginia Pomeroy, Centerville, Pennsylvania 16404.
(m) Central Pennsylvania Literary Council, Inc., Market Square
Presbyterian Church, Harrisburg, Pennsylvania 17103.
(n) Aurora Club, 2114 North Third Street, Harrisburg,
Pennsylvania 17110.
2. Residue. I bequeath, devise, and appoint all the rest of my
property, of whatever nature and wherever situated, including property over
which I hold a power of appointment, to Penbrook Church of God, presently
located at 2735 Canby Street, Penbrook, Pennsylvania, or if not then in
existence, to the successor Church of God for the geographical area of
Penbrook. This bequest may be used for any purpose so designated by the
governing board of said Church.
3. Survival. If any beneficiary should die within sixty (60) days
after me, then he shall be deemed to have predeceased me for all purposes of
this will.
4. Spendthrift Clause. No interest of any beneficiary hereunde~
shall be subject to anticipation, pledge, assignment, sale or transfer in any
manner, nor shall any beneficiary have power in any manner to charge or
encumber his interest, nor shall the interest of any beneficiary be liable or
subject in any manner while in the possession of my fiduciaries for any
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liability of such beneficiary, whether such liability arises from his debts,
contracts, torts, or other engagements of any type.
-,
5. Facility of Payment for Minors or Incompetents. Any amounts or
assets which are payable or distributable to a minor or incompetent hereunder
may, at the discretion of my fiduciaries, be paid or distributed to the parent
or guardian of such minor or incompetent, to the person with whom such minor
or incompetent resides, or directly to such minor or incompetent, or may be
applied for the use or benefit of such minor or incompetent.
6. Powers. In addition to such other powers and duties as may be
granted elsewhere herein or which may be granted by law, my fiduciaries
hereunder shall have the following powers and duties, without the necessity of
notice to or consent of any court:
(a) To retain all or any part of my property, real or personal,
in the form in which it may be held at the time of its receipt,
including any closely held business in which I have an interest and the
stock of any corporate fiduciary hereunder, as long as in the exercise
of their discretion it may be advisable so to do, notwithstanding that
said property may not be of a character authorized by law.
(b)
To invest and r~; n'tTt?~t=.~~P f~nc:::; hc;ld. jlt:L.euncier
, .
J.n any
property, real or personal, including, but not by way of limitation,
bonds, preferred stocks, common stocks and other securities of domestic
or foreign corporations or investment trusts, mortgages or mortgage
participations, mutual funds with or without sales or redemption
charges, and common trust funds, even though such property would not be
considered appropriate or legal for a fiduciary apart from this
provision.
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(c) To sell, convey, exchange, partition, give options to buy or
lease upon, or otherwise dispose of any property, real or personal, at
~he time held by them, at public or private sale or otherwise, for cash
or other consideration or on credit, and upon such terms and for such
price as they may determine, and to convey such property free of all
trusts.
(d) To borrow money from any person, including any fiduciary
hereunder, for any purpose in connection with the administration hereof,
to execute promissory notes or other obligations for amounts so
borrowed, to secure the payments of such amounts by mortgages or pledges
of any property, real or personal, which may be held hereunder.
(e) To make loans, secured or unsecured, in such amounts, upon
such terms, at such rates of interest, and to such persons, firms, or
corporations as they may deem advisable.
(f) To renew or extend the time for payment of any obligation,
secured or unsecured, payable to or by them as fiduciaries, for as long
a period or periods of time and on such terms, as they may determine,
and to adjust, settle, and arbitrate claims or demands in favor of or
against them.
(g) In dividing or distributing any property, real or personal,
included herein, to divide or distribute in cash, in kind, or partly in
cash and partly in kind.
(h) Without limitation of powers elsewhere granted therein, to
hold, manage and develop any real estate which may be held by them at
any time, to mortgage any such property in such amounts and on such
....-.-.-.."
terms as they may deem advisable, to lease any such property for such
- 4 -
term or terms and upon such conditions and rentals as they may deem
advisable, whether or not the term of any such lease shall exceed the
partod permltted by law or the probable period of retention under this
instrument; to make repairs, replacements and improvements, structural
or otherwise, in connection with any such property, to abandon any such
property which they may deem to be worthless or not of sufficient value
to warrant keeping or protecting, and to permit any such property to be
lost by tax sale or any other proceedings.
(i) To employ such brokers, banks, custodians, investment
counsel, attorneys, and other agents, and to delegate to them such
duties, rights and powers as they may determine, and for such periods as
they think fit.
(j) To register any securities at any time in their own names,
in their names as fiduciary, or in the names of nominees, with or
without indicating the trust character of the securities so reglstered.
(k) With respect to any securities forming a part of the trust,
to vote upon any proposition or election at any meeting of the
corporation issuing such securities, and to grant proxies, discretionary
or otherwise, to vote at any such meeting; to join or become a party to
any reorganization, readjustment, merger, voting trust, consolidation or
exchange, and to deposit any such securities with any committee,
depository, trustee or otherwise, and to payout of the assets held
hereunder, any fees, expenses and assessments incurred in connection
therewith, to exercise conversion, subscription or other rights, and to
receive or hold any new securities issued as a result of any such
reorganization, readjustment, merger, voting trust, consolidation,
- 5 -
~
,
e~change or exercise of conversion, subscription or other rights and
generally to take all action with respect to any such securities as
could be taken by the absolute owner thereof.
(1) To exercise all elections which they may have with respect
to income, gift, estate, inheritance and other taxes, including without
limitation execution of joint income tax returns, election to deduct
expenses in computing one tax or another, election to split gifts, and
election to payor to defer payment of any tax, in all events without
their being bound to require contribution from any other person.
(m) To operate, own, or develop any business or property held
hereunder in any form, including without limitation sole proprietorship,
limited or general partnership, corporation, association, tenancy in
common, condominium, or any other, whether or not they have restricted
or no management rights, as they in their discretion think best.
7.
Taxes.
I direct that all estate, inheritance, and succession
taxes that may be assessed in consequence of my death, of whatever nature and
by whatever jurisdiction imposed, other than generation-skipping taxes, shall
be paid out of the principal ot my general estat~ tv Lilt::: t:icilLlto ",[[.act as
, .c
......
said taxes were expenses of administration; provided, however, that my
executor(B) may in the discretion of my executor(s) request that any portion
or all of Baid taxes (to be paid out of the principal of my general estate)
shall instead be paid out of the principal of any trust established by me, to
the extent expressly authorized under the terms of said trust.
8.
Fiduciaries.
I appoint as executor hereunder the partner of
McNees, Wallace & Nurick designated by its Management Committee. No
individual shall be liable for the acts, omissions or defaults of any agent
- 6 -
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appointed and retained with due care or of any co-fiduciary. No fiduciary
n~~ed herein shall be required to furnish bond or other security for the
proper performance of his duties hereunder.
9. Gender. Unless the context indicates otherwise, any use of
masculine gender herein shall also include the feminine gender.
IN WITNESS WHEREOF, I, ELLA MAE KENNEDY, herewith set my hand to this,
my last Will, typewritten on eight (8) sheets of paper including the
self-proving attestation clause and signatures of witnesses, this:;?Jd day of
_VprPI7//Y:>f/-, 1990.
/~;;{ /Jla e I!e /7 /7 Pill
Mae Kennedy
(SEAL)
WITNESSED:
/1/ Rc l)(~ (-I. ~ s,*- /-s
!
/,~/ Yaler/€. o. l{Lwsor>
!-~/ {ldro/ /J. /{o//PJ1!7t1r {)tr~
residing at 1'77'(" ('/1 a //J(-s 6L.rC)
J
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residing at f!a 0/1 S- !/}f);'Cj , 10 r~
~
residing at f1clin(O I-I//~ //9
COMM0!-!':JEAr.Tii 0~' PENNSYLVANIA
S5:
COUNTY OF DAUPHIN
Ella Mae Kennedy, (the testatrix), I?o bPI;" {). S;k.'/s
I/alf>f Ie Dr 1(1 wson
and (la I C I /). X6p/-YJ Oha)f r (the witnesses), whose
names are signed to the foregoing instrument, being first duly sworn, each
hereby declares to the undersigned authority that the testatrix signed and
executed the instrument as her last will in the presence of the witnesses and
that she had signed willingly, and that she executed it as her free and
- 7 -
';'"~':I
voluntary act for the purposes therein expressed, and that each of the
witnesses, in the presence and hearing of the testatrix, signed the will as
witness and that to the best of his knowledge the testatrix was at that time
eighteen years of age or older, of sound mind and under no constraint or undue
influence.
WITNESS:
TESTATRIX:
jS / Roh(Jr+ D, Slet-';
/ I
. " J (~I / I/J1 1./ j
l')j (-IIt'1 (/(af' 1'Ct!/taet7tf/
IEYla Mae Kennedy
WITNESS:
WITNESS:
11?/lIa/f'?/ ;('
D. / a ti' S ()J?
/./ ,/I~( I oj I).
10 f-'?;t?P/) /lel)~ r
.
Subscribed, sworn to and acknowledged before me by Ella Mae Kennedy, the
testatrix, and subscribed
and sworn to before me by Jit'bff l J). Ski)
&ro/ 1/ A~ff{-'f)haLfI, the witnesses, this 31'dday of
,
VO-Io'-;'e j) LOlliSOI), and
])'Pc~mbe(, 1990.
Is) ,j iL d ," Hl
I I
(). fu o,d SfrGni
Notary Public
(SEAL)
My Commission Expires:
THE
KENNEDY FAMILY TRUST
-and-
DISCLAIMERS OF
POWER OF APPOINTMENT
LAW OFFICES OF
GATES St ASSOCIATES, P.C.
1013 MUMMA ROAD. SUITE 100. LEMOYNE, PENNSYLVANIA 17043
(717) 731-9600. FAX: (717) 731-9627
BRANCH OFFICE:
3 WEST MONUMENT SQUARE. SUITE 3C~
LEWISTOWN, PA 17044
(717) 248-6909
WEB SITE:
www.GatesLawFirm.com
LOWELL R. GATES
Also Admrtted to Massachusetts Bar
MARK E HALBRUNER
Also Admitted to New Jersey Bar
CRAIG A. HATCH
CORY J. SNOOK
ALBERT N. PETERLlN
Also Admitted to Maryland Bar
November 1,2001
Penbrook Church of God
2733 Canby Street
Harrisburg, P A 17103
The Kennedy Family Trust
Community Trust Company, Trustee
3907 Market Street
Camp Hill, PA 17011
Pennsylvania Department of Revenue
Bureau of Individual Taxes
Inheritance Tax Division
Department 280601
Harrisburg, PA 17128-0601
RE: The Kennedy Family Trust dated March 8, 1997
Dear Interested Parties:
By this letter, I hereby indicate and affirm that since Ella Mae Kennedy passed away on
April 10, 2001, I have not and will not exercise the General Power of Appointment under
Paragraph 4.04 of The Kennedy Family Trust. By my signature, I further irrevocably waive and
r'I;"f'l~;rn ~n" nnee;}'lp fllMJTP nnT\nrtlln;hr tn PVPTf';c!P tnp npnPT~l PI"I'~TPr nf A T\T\n;Tltrnpnt rrT~ntpr'I
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under the Trust.
Sincerely,
./ ----
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Craig A. Hatch
NOV-02'Ol FRl :1:19
GATES & ASSOCIATES P.C.
FAX NO. 7319627
P.02
Rebecca R J (ateh
424 Country Sid" nri\',,-~
Hphl'ftta. P A 17522
Nov~mber I, 2001
Pen brook Church \}f God
2733 Canby S1H:c:t
Hnnisburg. PA J 7103
The Kcnnc:dy Family Trust
(\lmmunity Trust Company, Trustce'
3907 Market Street /
Camp Hill, PA 17011
Pcnn~ylvania Department of RC\'eT\uC
BurCiiu of Il1djvid~MI Taxes
Jnhel1tance Tax Division
Department 280M) I
1If11Tisbtlrg. PA 1712S-0601
RE: Tht K~nnedy Family Trust dated Marcb 8,1997
lknr Jntcl'(;:J1cd Parties,
By this letter. I hereby indiCRte and affirm tllat since EUa Mac Kennedy passed away {)ll
Aplll 10. 200 I. ) hano: not and will not exercise the GeoeJ'al Power 0f Appointment unuc:r
I~nra!;\mph 4,04 of The Kennedy Fatuil\' Trust By my si!(,na:ure. 1 funhel' in'evocahly WlUve <lod
dwc\aic." imy pl)uibli rllture (Jp~<JliIm1tv to exercilie the General Power of Appointment granted
unuer the Trust
~~~~
Rebecca A. Hatch
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THE
KENNEDY FAMILY
TRUST
THIS TRUST AGREEMENT is executed in triplicate on this 8th
day of March, 1997, by and between ELLA MAE KENNEDY, now of 28
North 28th Street, Harrisburg, Pennsylvania 17103, by and through
her Attorney-in-Fact, REBECCA R. HATCH, now of 393 Irvin Hill Road,
McVey town, Pennsylvania 17051 (hereinafter called "Settlor") and
PENNSYLVANIA FIDUCIARY AND ESTATE SERVICES, Inc., now of 1013 Mumma
Road, Suite 202, Lemoyne, Pennsylvania 17043 (hereinafter called
"Trustee" or "Trustees").
ARTICLE I. TRUST ESTATE
1.01. Initial Principal. Settlor, desiring to establish
an irrevocable trust, does hereby irrevocably transfer, assign and
deliver to the Trustee, and its successors and assigns the assets
listed on Schedule A, attached hereto and made a part hereof. As
further evidence of such assignment, the Settlor has executed or
will execute or cause to be executed such other instruments as may
be required for the purposes of completing the assignment or
transfer of title to such property to the Trustee. The Trustee
accepts such transfer and assignment to itself as Trustee, and
undertakes to hold, manage, invest and reinvest the assets of this
Trust, and to distribute the income and principal of the Trust in
accordance with the provisions of this Agreement.
1.02. Additional Principal. The Settlor and any other
person or persons, with the consent of the Trustee, shall have the
right at any time to make additions to the corpus of this Trust or
any share thereof hereby established. All such additions shall be
held, governed, and distributed by the Trustee in accordance with
the terms and conditions of this Agreement'.
AK~~C~E II. IRREVOCABILITY-OF ~Ru5~
2.01. Irrevocabili tv. Settlor has been advised of the
consequences of an irrevocable trust and hereby declares that this
Trust shall be irrevocable and shall not be altered, amended,
revoked, or terminated by Settlor or any other person or persons.
ARTICLE III. LIFE INSURANCE POLICIES
3.01. General Provisions. If any insurance policies are
transferred into this Trust, the Trustee shall be vested with all
right, title, and interest in and to the transferred policies of
insurance, and is authorized and empowered to exercise and enjoy,
for the purposes of the Trust herein created and as absolute owners
of such policies of insurance, all the options, benefits, rights
and privileges under such policies, including the right to borrow
upon and to pledge them for a loan or loans. The Trustee takes all
rights, title, and interest in and to the above-stated insurance
policies subject to any prior split-dollar life insurance agreement
and assignments, which may be in effect at the time of transfer.
The insurance companies which have issued policies are hereby
authorized and directed to recognize the Trustee as absolute owner
of such policies of insurance and as fully entitled to all options,
rights , privileges, and interests under such policies, and any
receipts, releases, and other instruments executed by the Trustee
in connection with such policies shall be binding upon all persons
interested in this Trust. The Settlor hereby relinquishes all
rights, title, interest and powers in such policies of insurance
which Settlor may own and which rights, title, interest and powers
are not assignable, and will, at the request of the Trustee,
execute all other instruments reasonably required to effectuate
this relinquishment.
3.02. Payment of Premiums. The Trustee shall be under no
obligation to pay the premiums which may become due and payable
under the provisions of any policy of insurance which may be
transferred or assigned to this Trust, or to make certain that such
premiums are paid by the transferor of such policy, or to notify
any persons of the nonpaYment of such premiums, and the Trustee
shall be under no responsibility or liability of any kind in case
such premiums are not paid, except the Trustee shall apply any
di vidends received on such policies to the paYment of premiums
thereon. Upon notice at any time during the continuance of this
Trust that the premiums due upon such policies are in default, or
that premiums which will become due will not be paid, either by the
transferor or by any other person, the Trustee, within its sole
discretion, may apply any cash values attributable to such policy
to the purchase of paid-up insurance or of extended insurance, or
may borrow upon such policy for the paYment of premiums due
thereon, or may accept the cash values of such policy upon the
policy's forfeiture. In the event that the Trustee receives the
cash value of such policy upon its forfeiture for nonpaYment of
premiums, the amount received shall be added to the l.:uqJu::; UL Lill::;
Trust, and shall be administered according to the terms of this
Agreement. If the insured under such policies of insurance,
becomes totally and permanently disabled within the meaning of any
policies and because thereof the payment of premiums, or any of
them, shall during the pendency of such disability, be waived, the
Trustee, upon receipt of such knowledge, shall promptly notify the
insurance company which has issued such policies, and shall take
any and all steps necessary to make such waiver of premium
provision effective.
2
3.03. Duties of Trustees With Reqard to Life Insurance
Policies. The Trustee shall be under no obligation or duty
whatever except with respect to the safekeeping of such policies of
insurance and the duty to receive such sums as may be paid to it,
in accordance with the requirements of this Trust, by the companies
issuing such policies, and to hold, manage and disburse such
proceeds subject to the terms of this Agreement. Upon the death of
the insured, the Trustee shall make reasonable efforts to carry out
the provisions of this Agreement, including the maintenance or
defense of any suit, provided, however, the Trustee shall be under
no duty to maintain or enter into any litigation unless its
expenses, including counsel fees and costs, have been advanced or
guaranteed in an amount and in a manner reasonably satisfactory to
the Trustee. The Trustee may repay any advances made by it or
reimburse itself for any such fees and costs from any corpus or
income of this Trust.
ARTICLE IV. TRUST DISTRIBUTIONS
4.01. Trust Principal. The entire corpus of this Trust,
including the assets initially transferred to this Trust,
subsequent additions to this Trust, and the proceeds of any sale,
exchange or investment of such Trust assets, shall be used for the
purposes herein contained.
4.02. Income Distribution. During the Settlor's lifetime,
the Trustee shall distribute all of the net income of the trust to,
or for the benefit of, ELLA MAE KENNEDY. The Trustee shall make no
distributions of principal to ELLA MAE KENNEDY.
4.03. Principal Distributions. Upon the death of the
Settlor, the Trust shall terminate. Upon termination, the
remaining trust estate shall be distributed as follows:
(A) The Trustee shall distribute $ 1,000.00 to each of the
following named individuals, couples, or institutions ($ 1,000.00
distribution to each below enumerated paragraph) :
i. Mrs. Jill Peebles, 626 West Walnut Street,
Ticusville-, Pennsylvania 1.6354.
ii. Mr. Jack Preston,
Pennsylvania 16404.
R.D.
2,
Centerville,
, " -,
iii. Mr. and Mrs. James (Pauline) Kennedy, Rt. 24,
57 Poplar, Ft. Myers, Florida 33908, or to the survivor
of them.
iv. Mr. James N. Coy, 540 Mountain Road, Dillsburg,
Pennsylvania 17019.
3
v. Mr. John
Pennsylvania 17003.
Kennedy,
R.D.
2,
Annville,
vi. Mrs. Shirley Hartman, 2208 Kensington Street,
Harrisburg, Pennsylvania 17104.
vii. Mr. William Dailey, Paxton Street Horne, 2201
Paxton Street, Harrisburg, Pennsylvania 17111.
viii. Mrs. Ruth
Pennsylvania 17020.
Miller,
R.D.
Duncannon,
ix. Mrs. Mary Werntz, 8160
Humrnelstown, Pennsylvania 18354.
Evelyn
Street,
x.
17038.
Mr. Elmer D. Coy, Jr., Jonestown, Pennsylvania
xi. Mrs. Virginia
Pennsylvania 16404.
Pomeroy,
Centerville,
xii. Central Pennsylvania Literacy Council, Inc.,
Market Square Presbyterian Church, Harrisburg,
Pennsylvania 17103.
xiii. Aurora Club, 2114 North
Harrisburg, Pennsylvania 17110.
Third
Street,
If and in the event that any individual named in this
subsection 4.03 (A) predeceases the Settlor, that predeceased
individual's share shall be divided equally into as many shares as
there are surviving named individuals, couples, or institutions in
this subsection 4.03 (A). The Trustee shall then distribute the
respective shares from the predeceased individual to the surviving
named individuals, couples, or institutions in this subsection 4.03
(A) .
(B) The remaining Trust estate shall be held IN FURTHER TRUST
for the benefit of the PENBROOK CHURCH OF GOD, currently located at
2735 Canby Stn:~ei.., PeuuLuu:i\., Peu.u~ylvci.11ici, UL ..1..1. .110i... i...lll:::.1J. .L.11
existence, to the successor CHURCH OF GOD for the geographical area
of Penbrook, in the county of Dauphin, Pennsylvania. The Trustee
shall make annual distributions of all the income from this further
Trust to the PENBROOK CHURCH OF GOD in the name of ELLA HAE KENNEDY
for any purpose at the discretion of its governing body.
4.04. General Power of ADDointment. Settlor's friend,
REBECCA R. HATCH, is hereby granted the general power to appoint
some or all of the principal of this Trust to herself, her estate,
her creditors, the creditors of her estate, in such proportions and
4
upon such terms (in trust, outright gifts, or in any other manner)
as she deems advisable. This power shall only be exercised upon
the written and joint agreement of Settlor's friend, REBECCA R.
HATCH, and Settlor's attorney, LOWELL R. GATES. In the event that
either of Settlor's friend, REBECCA R. HATCH, or Settlor's
Attorney, LOWELL R. GATES, should predecease the Settlor or become
incapacitated prior to the Settlor's death, then the Settlor's
attorney, CRAIG A. HATCH, shall be granted, respectively, either
the general power of appointment held by Settlor's friend, REBECCA
R. HATCH, or the power of agreement to allow exercise of the power
of appointment held by Settlor's attorney, LOWELL R. GATES,
according to the terms hereunder. If Settlor's friend or attorneys
fail, either in whole or in part, to exercise this general power of
appointment herein granted, the unappointed principal shall
continue in trust and shall be administered according to the terms
of this Trust.
4.05. Broad Special Power of Appointment. ELLA MAE
KENNEDY is hereby granted the special power to appoint, at any time
and from time to time, the principal of this Trust, in whole or in
part, and in any manner and in such proportions as she deems
advisable to whomever she desires. This power shall be exercisable
by her Will, specifically referring to this special power of
appointment in this paragraph 4.05 of this Trust. This special
power of appointment does not grant to ELLA MAE KENNEDY the power
to appoint the principal of this trust to herself, her estate, her
creditors, or the creditors of her estate. If ELLA MAE KENNEDY
fails, either in whole or in part, to exercise this special power
of appointment herein granted, the unappointed principal shall
continue in trust and shall be administered according to the terms
of this trust.
ARTICLE V. POWERS OF Trustee
5.01. General Powers. In addition to such other powers
and duties as may have been granted elsewhere in this Trust, but
subject to any limitations contained elsewhere in this Trust, the
Trustee shall have the following powers and duties:
A. ln tne management, care and disposition of t:i:1il::) lI.Ul::)L, cue
Trustee shall have the power to do all things and to execute such
deeds, instruments, and other documents as may be deemed necessary
and proper, including the following powers, all of which may be
exercised without order of or report to any court:
(1) To sell, exchange, or otherwise dispose of any
property, real, personal or mixed, wheresoever located,
at any time held or acquired hereunder, at public or
private sale, for cash or on terms as may be determined
by the Trustee, without advertisement, including the
5
right to lease for any term notwithstanding the period of
the Trust, and to grant options, including an option for
a period beyond the duration of the Trust.
(2) To invest and reinvest all or any part of the
Trust Estate in any common or preferred stocks, shares of
investment trusts and investment companies, bonds,
debentures, mortgages, deeds of trust, mortgage
participations, notes, real estate, or other property the
Trustee, in the Trustee's discretion, select in the
manner that, under the circumstances then prevailing
(specifically including, but not limited to, the general
economic conditions and the anticipated needs of the
Trust and its beneficiaries) , persons of skill, prudence,
and diligence, acting in a similar capacity and familiar
with those matters would use in the conduct of an
enterprise of similar character and similar aims, to
attain the Settlor's goals under this trust agreement.
(3) To retain for investment any property deposited
with the Trustee hereunder.
(4) To vote in person or by proxy any corporate
stock or other security and to agree to or take any other
action in regard to any reorganization, merger,
consolidation, liquidation, bankruptcy or other procedure
or proceedings affecting any stock, bond, note or other
security held by this Trust.
(5) To use lawyers, real estate c brokers,
accountants and any other agents, if such employment is
deemed necessary or desirable, and to pay reasonable
compensation for their services.
(6) To compromise, settle or adjust any claim or
demand by or against the Trust and to agree to any
rescission or modification of any contact or agreement
affecting the Trust.
( "/ ) TO renew any indebtednel:il:i, dl:i w~.L.L dl:i i:..u UUL :cow
money, and to secure the same by mortgaging, pledging or
conveying any property of the Trust, including the power
to borrow from the Trustee (in the Trustee's individual
capacity) at a reasonable rate of interest.
(8) To retain and carryon any business in which
the Trust may acquire any interest, to acquire additional
interests in any such business, to agree to the
liquidation in kind of any corporation in which the Trust
may have any interest and to carryon the business
6
thereof, to join with other owners in adopting any form
of management for any business or property in which the
Trust may have an interest, to become or remain a
partner, general or limited, in regard to any such
business or property and to hold the stock or other
securities as an investment, and to employ agents, and
confer on them authority to manage and operate the
business, property or corporation, without liability for
the acts of any such agent of for any loss, liability or
indebtedness of such business if the management is
selected or retained with reasonable care.
(9) To register any stock, bond or other security
in the name of a nominee, without the addition of words
indicating that such security is held in a fiduciary
capacity, but accurate records shall be maintained
showing that the stock, bond or other security is a trust
asset and the Trustee shall be responsible for the acts
of the nominee.
B. Whenever the Trustee is directed to distribute any trust
principal in fee simple to a person who is then under twenty-one
(21) years of age, the Trustee shall be authorized to hold such
property in trust for such person until he becomes twenty-one (21)
years of age, and in the meantime shall use such part of the income
and the principal of the trust as the Trustee may deem necessary to
provide for the proper support and education of such person in the
standard of living to which he has become accustomed. If such
person should die before becoming twenty-one (21) years of age, the
property then remaining in trust shall be distributed to the
personal representative of such person's estate.
C. In making distributions from the Trust to or for the
benefit of any minor or other person under a legal disability, the
Trustee need not require the appointment of a guardian, but shall
be authorized to payor deliver the distribution to the custodian
of such person, to payor deliver the distribution to such person
without the intervention of a guardian, to payor deliver the
distribution to the legal guardian of such person if a guardian has
dln~du.y Ut::ell d1J1Juini...t::u., UL i...o u8t':: tllt':: di5tributiuiJ. fur tl1c bei1e-fit
of such person.
D. In the distribution of the Trust and any division into
separate trusts and shares, the Trustee shall be authorized to make
the distribution and division in money or in kind or in both,
regardless of the basis for income tax purposes of any property
distributed or divided in kind, and the distribution and division
made and the values established by the Trustee shall be binding and
conclusive on all persons taking hereunder. The Trustee may in
making such distribution or division allot undivided interests in
7
the same property to several trusts or shares.
E. If at any time after Settlor's death the total fair market
value of the assets of any trust established or to be established
hereunder is so small that the corporate Trustee's annual fee for
administering the trust would be equal to or less than the minimum
annual fee set forth in the Trustee's regularly published fee
schedule, then the Trustee in its discretion shall be authorized to
terminate such trust or to decide not to establish such trust, and
in such event the property then held in or to be distributed to
such trust shall be distributed to the persons who are then or
would be entitled to the income of such trust. If the amount of
income to be received by such persons is to be determined in the
discretion of the Trustee, then the Trustee shall distribute the
property among such of the persons to whom the Trustee is
authorized to distribute income, and in such proportions, as the
Trustee in its discretion shall determine.
F. The Trustee shall be authorized to lend or borrow,
including the right to lend to or borrow from the Settlor's
estate, at an adequate rate of interest and with adequate security
and upon such terms and conditions as the Trustee shall deem fair
and equitable.
G. The Trustee shall be authorized to sell or purchase, at
the fair market value as determined by the Trustee, any property to
or from Settlor's estate, the estate of Settlor's spouse, or any
trust created by Settlor or Settlor's spouse during life or by
will, even though the same person or corporation may be acting as
executor of Settlor's estate or the estate of Settlor's spouse or
as trustee of any other such trusts and as the Trustee of this
Trust.
H. The Trustee shall have discretion to determine whether
items should be charged or credited to income or principal or
allocated between income and principal as the Trustee may deem
equitable and fair under all the circumstances, including the power
to amortize or fail to amortize any part or all of any premium or
discount, to treat any part or all of the profit resulting from the
macuricy or sale of any assec, whet.her purchal:>ed. at. a !JLelll.LUlll UL dL-
a discount, as income or principal or apportion the same between
income and principal, to apportion the sales price of any asset
between income and principal, to treat any dividend or other
distribution on any investment as income or principal or to
apportion the same between income or principal, to charge any
expense against income or principal or apportion the same, and to
provide or fail to provide a reasonable reserve against
depreciation or obsolescence on any asset subject to depreciation
or obsolescence, all as the Trustee may reasonably deem equitable
and just under all of the circumstances.
8
I. The Trustee is hereby authorized and empowered to purchase
such insurance policies as it deems appropriate.
5.02. Votinq bv Trustees. When the authority and power
under this Trust is vested in two (2) or more Trustees, the
authority and powers are to be exercised jointly or individually by
the Trustees. Any of the Trustees may exercise any authority or
power granted under this Trust Agreement or granted by law, and may
act on behalf of the Trust.
5.03 Trustees Power to Deal with Environmental Hazards.
The Trustee shall have the power to use and expend the trust income
and principal to (i) conduct environmental assessments, audits, and
site monitoring to determine compliance with any environmental law
or regulation thereunder; (ii) take all appropriate remedial action
to contain, clean up or remove any environmental hazard including
a spill, release, discharge or contamination, either on its own
accord or in response to an actual or threatened violation of any
environmental law or regulation thereunder; (iii) institute legal
proceedings concerning environmental hazards or contest or settle
legal proceedings brought by any local, state, or federal agency
concerned with environmental compliance, or by a private litigant;
(iv) comply with any local, state or federal agency order or court
order directing an assessment, abatement or cleanup of any
environmental hazards; and (v) employ agents, consultants and legal
counsel to assist or perform the above undertakings or actions.
Any expenses incurred by the trustee under this paragraph may be
charged against income or principal as the trustee shall determine.
ARTICLE VI. SPENDTHRIFT PROVISION
6.01. General Provision. No beneficiary shall have the
power to anticipate, encumber or transfer his interest in the Trust
Estate in any manner other than by the valid exercise of a Power of
Appointment. No part of the Trust Estate shall be liable for or
charged with any debts, contracts, liabilities or torts of a
beneficiary or subject to seizure or other process by any creditor
of a beneficiary.
ARTICLE VII. CON~TRuCTION OF TRuST
7.01. Choice of Law. This Trust shall be administered and
interpreted in accordance with the laws of the Corrnnonwealth of
Pennsylvania.
7.02. Code. Unless otherwise stated, all references in
this Trust to section and chapter numbers are to those of the
Internal Revenue Code of 1986, as amended, or corresponding
provisions of any subsequent federal tax laws applicable to this
Trust.
9
7 .03. Other Terms. Unless the context otherwise requires,
the use of one or more genders in the text includes all other
genders, and the use of either the singular or the plural in the
text includes both the singular and the plural.
7.04. CaDtions. The captions set forth in this Agreement
at the beginning of the various divisions hereof are for
convenience of reference only and shall not be deemed to define or
limit the provisions hereof or to affect in any way their
construction and application.
7.05. Situs of Trust. The Trust shall have its legal
situs in Cumberland County, Pennsylvania.
ARTICLE VIII.
COMPENSATION OF TRUSTEES AND
APPOINTMENT OF SUCCESSOR TRUSTEES
8.01. Compensation. The Trustees shall receive as
compensation for the services performed hereunder that sum of
money, based on an hourly charge or percentage rate, which the
Trustees normally and customarily charges for performing similar
services during the time which it performs these services.
8.02. Removal of Trustees. Settlor may remove the
Trustees, or any of them, at any time or times, with or without
cause, upon thirty (30) days written notice given to the current
Trustees. Upon the death of the Settlor, a majority of the current
income beneficiaries may remove the Trustees, or any of them, at
any time or times, with approval from a court of competent
jurisdiction. Upon the removal of the Trustees, or any of them, a
successor Trustee (s) shall be appointed in accordance with the
terms set forth in Paragraph 8.03.
8.03. A'Opointment of Successor Trustees. The Trustees, or
any of them, may resign at any time upon thirty (30) days written
notice given to the Settlor if Settlor is living, or in the event
of Settlor's death, upon thirty (30) days written notice given to
the current income beneficiary or beneficiaries (including a
1.H:nl:I.icidIY'::; aaLuLal UL ll:~cll YUclLU.ia..11 or lE:ga.l L'E:f/.LE:l:it::.11LaLLVt::),
hereunder. Upon the death, resignation, removal or incapacity of
the named Trustee, a successor trustee(s) may be appointed by the
Settlor during Settlor's lifetime, or, after Settlor's death, by a
majority of the then-current income beneficiaries. Settlor
prohibits the appointment of Settlor as Trustee and any attempt to
do so shall be without authority under this Agreement. Any
successor trustee(s) shall be a financially sound and competent
corporate trustee or a trustee agreed to by written consent of all
income beneficiaries. Any successor trustee(s) thus appointed, or,
if the corporate trustee shall merge with or be consolidated with
10
another corporate fiduciary, then such corporate fiduciary, shall
succeed to all the duties and to all the powers, including
discretionary powers, herein granted to the Trustees.
ARTICLE IX. PERPETUITIES CLAUSE
9.01. General Provision. Notwithstanding anything to the
contrary in this Trust, each disposition the Settlor has made here,
legal or equitable, to the extent it can be referred in its
postponement of becoming a vested interest to a duration measured
by some life or lives in being at the time of Settlor's death is
definitely to vest in interest, although not necessarily in
possession, not later that twenty-one (21) years after such lives
(and any period of gestation involved); or, to the extent it cannot
be referred in any such postponement to such lives, is to so vest
not later than twenty-one (21) years from the time of Settlor's
death.
ARTICLE X.
ACQUISITION OF UNITED STATES TREASURY BONDS
ELIGIBLE FOR TAX PAYMENT; PAYMENT OF TAXES, FUNERAL
EXPENSES, AND EXPENSES OF ADMINISTRATION
10.01. Acquisition of Bonds. The Trustees may, at any
time, without the prior approval or direction of the Settlor and
whether or not the Settlor is able to manage Settlor's own affairs,
acquire United States Treasury Bonds selling at a discount, which
bonds are redeemable at their par value plus accrued interest
thereon for the purposes of applying the proceeds to the paYment of
the United States estate tax on the Settlor's estate; and the
Trustees may borrow from any lender, including themselves, with or
without security, to so acquire these bonds.
10.02. Payment of United States Estate Tax by Bond
Redemption. The Settlor directs that any United States Treasury
Bonds which may be redeemed at their par value plus accrued
interest thereon for the purpose of applying the proceeds to the
paYment of the United States estate tax imposed on the Settlor's
estate, and which are held by the Trustees, shall, to the extent of
che amount dete:rmined tu be Lequ.i.Leu [UL pc:tYllle1!L U[ Lhe e::;LctLe Lc:tx,
be distributed to the legal representative of the Settlor's estate
to be used by the legal representative ahead of any other assets
and to the fullest extent possible to pay the estate tax.
10.03. Payment of Death Taxes and Other Estate Settlement
Costs. After the Trustees have complied with paragraph 10.02,
above, and ascertained from the legal representative that all such
bonds have been redeemed in payment of the United States estate
tax, the Trustees shall also ascertain from the legal
representative whether the legal representative has sufficient
11
assets to pay the remaining legacy, succession, inheritance,
transfer, estate and other death taxes or duties (except the
additional estate tax imposed by Section 2032(c), or corresponding
provisions of the Internal Revenue Code of 1986 applicable to the
Settlor's estate and imposing the tax) levied or assessed against
the Settlor's estate (including all interest and penalties
thereon), all of which taxes, interest and penalties are hereafter
referred to as the death taxes, interest and penalties. If the
legal representative advises the Trustees that insufficient funds
exist to pay all the death taxes, interest and penalties, the
Trustees shall then pay to the legal representative from the trust
property, an amount equal to all the death taxes, interest and
penalties in excess of the funds available to the legal
representative for these purposes, which paYments are to be made
without apportionment.
If the Executor of the Settlor's estate, in such Executor's
sole discretion, shall determine that appropriate assets of
Settlor's estate are not available in sufficient amount to pay (1)
the Settlor's funeral expenses, and (2) expenses of administering
the Settlor's estate, the Trustees shall, upon the request of the
Executor of the Settlor's estate, contribute from the principal of
the trust estate the amount of such deficiency; and in connection
with any such action the Trustees shall rely upon the written
statement of the Executor of the Settlor's estate as to the
validity and correctness of the amounts of any such expenses, and
shall furnish funds to such Executor so as to enable such Executor
to discharge the same, or to discharge any part or all thereof
itself by making paYment directly to the person entitled or
claiming to be entitled to receive paYment thereof. No
consideration need be required by the Trustees from the Executor of
Settlor's estate for any disbursement made by the Trustees pursuant
hereto, nor shall there be any obligation upon such Executor to
repay to the Trustees any of the funds disbursed by them hereunder,
and all amounts disbursed by the Trustees pursuant to the authority
hereby conferred upon them shall be disbursed without any right in
or duty upon the Trustees to seek or obtain contribution or
reimbursement from any person or property on account of such
paYment. The Trustees shall not be responsible for the application
ot any tunas aelivered by chern co che Executor of the Set-t-lm:-; s
estate pursuant to the authority herein granted, nor shall the
Trustees be subject to liability to any beneficiary hereunder on
account of any paYment made by them pursuant to the provisions
hereof.
12
IN WITNESS WHEREOF, the Settlor and Trustees have hereunto set
their ands and seals as of the day and year first above written.
,'>......-
'v
--
/// - /1
~' 'I
, d( {f c' /( ,'-') '/~ /Ii.:/t' -/t~ (SEAL)
ELLA MAE KENNEDY, by and'
through her attorney-in-fact,
REBECCA R. HATCH, SETTLOR
COMMONWEALTH OF PENNSYLVANIA
SS:
COUNTY OF CUMBERLAND
On this, the 8th day of March, 1997, before me, a Notary
Public, the undersigned officer, personally appeared LOWELL R.
GATES, known to me (or satisfactorily proven) to be a member of the
bar of the highest court. of said State and a subscribing witness to
the within instrument, and certified that he was personally present
when, ELLA MAE KENNEDY, by and through her attorney-in-fact,
REBECCA R. HATCH, known to me (or satisfactorily proven) to be the
person whose name is subscribed to the within Trust Agreement, and
acknowledged that she executed the same for the purposes therein
contained.
IN WITNESS WHEREOF, I have set my hand and official Seal.
Notarial Seal
Stacey L Naca, Notary Public
Fermanagh Twp" Juniata County .
My Commission Expires Oct 16, 1999
Member, Pennsylvania Association of Notaries
Expires:
The foregoing Trust Agreement was delivered, and is hereby
accepted, at Lemoyne, Pennsylvania, on March 10, 1997.
ATTEST
PENNSYLVANIA FIDUCIARY AND ESTATE
SERVICES,
"'"......~ ...............,."..,'r.'t'r"
......&.'1\",0 ., .loA"'"',;) .L.&;a.l.:t
/1
r ,/
I
:!/';.....r
L~4'
/
;/
l,-~~ttllU..,l- JuJJlt{~}
ARTHUR-TRESSLER, VICE-
AND TRUST MANAGER
/,:'
/
/;
j /
/ I
, /
(/
13
The following Periodic Report of
Community Trust Company as Trustee of
The Kennedy Family Trust
is being submitted as exhibit to the assets and
expenses reported on P A REV -1500.
Additional exhibits for assets not listed on the
Periodic Reports are also attached as labeled for
the corresponding Schedules to P A REV -1500.
THE KENNEDY FAMILY TRUST
ASSETS AS OF APRIL 10,2001
# OF SHARES AND ASSET NAME PRICE PER SHARE
2807.177 Shares Federated Income Trust Fd #36 @10.29 per share
2624.680 Shares Federated US Govt Securities @1O.55 per share
1-3 Year Fd #9
2858.042 Shares Federated Intermediate Income @ 9.91 per share
Fd #303
2451.067 Shares Federated Managed Conservative @10.33 per share
Growth Portfolio Fd #357
1032.388 Shares Federated Managed Moderate
Growth Portfolio Fd #360
@ 11.17 per share
13,814.52 Shares Federated Govt Obligations
Fd.#395
@ 1.00 per share
40 Shares MetLife, Inc. Common Stock
@29.95 per share
Mortgage Note for 28 N. 28th Street, Hbg.
Commerce Bank
Metropolitan Life Insurance Policy #670449071
Prudential Life Insurance Policy #06317338
DOD VALUE
$28,885.85
$27,656.80
$23,323.20
$25,319.52
$11,531.77
$13,814.52
$ 1,198.00
$39,950.86
$13,814.52
PERIODIC REPORT
THE KENNEDY FAMILY TRUST
04/10/01 TO 10/17/01
Prepared for:
CRAIG A. HATCH, ESQUIRE
GATES & ASSOCIATES, PC
1013 MUMMA ROAD, SUITE 100
LEMOYNE, PA 17043
REPORT OF ASSETS
FOR ACCOUNT 2100120 THE KENNEDY FAMILY TRUST
AS OF 10/17/01
PAGE
Units
Price
Market Value
10/17/01
Bock
Va 1 1..:8
STOCKS
COMMON STOCKS
1. METLIFE INC
40
29.7000
1,188.00
o.oc
------------- -------------
------------- -------------
TOTAL STOCKS
1,188.00
o.ce
REAL ESTATE
MORTGAGES & LAND CONTRACTS
2. MORTGAGE NOTE FOR 39697
28 N. 28TH ST, HBG.
1.0000
39,696.61
39,696.6::'
------------- -------------
_____________ -----______0_-
~OTAL REAL ESTATE
39,696.61
39,696.6::'
BANK ACCOUNTS
DEMAND DEPOSITS - OTHER BANKS
3. COMMERCE BANK 3908
MONEY MARKET FUNDS
4. FEDERATED GOV'T 128763
OBLIGATIONS FD #395
1.0000
3,908.15
3,908.15
1.0000
128,762.55
128,762.55
------------- -------------
------------- -------------
TOTAL BANK ACCOUNTS
132,670.70
132,670.70
MISCELLANEOUS
OTHER INVESTMENTS
5, MF.'T'R0P0LT'T'n.J\T T.Tl<'F.
INSURANCE CO.
6. THE PRUDENTIAL (LIFE
INSURANCE POLICY)
POLICY #06 317338
1
, qhq ?qnn
-,---.----
, qhQ ?Q
-,---+--
1 nLlQ nn
-, ....,......... ,-,....,
1
3,137.3400
3,137.34
2,500.00
------------- -------------
------------- -------------
TOTAL MISCELLANEOUS
5,106.63
3,548.00
TOTAL INVESTMENTS
178,661.94
175,915.31
INCOME CASH ON HAND
PRINCIPAL CASH ON HAND
0.00
0.00
0.00
0.00
TOTAL ASSETS
178,661.94
175,915.31
REPORT OF ASSETS PAGE 2
FOR ACCOUNT 2100120 THE KENNEDY FAMILY TRUST
AS OF 10/17/01
Market Value Book
Units Price 10/17/01 Value
TOTAL CASH 0.00
REPORT OF INCOME CASH
FOR ACCOUNT 2100120 THE KENNEDY FAMILY TRUST
FOR DATES 04/10/01 TO 10/17/01
PAGE <
BEGINNING BALANCE
299.3';
INCOME CASH RECEIPTS
1. ASSET SALES AND TRANSFERS
Sale of an Income Asset
FED MANAGED MODERATE GROWTH PORT FD #360
10/15/01 Sold 14.3870 units
Purchased 04/10/01
Short-term loss of 8.06
152.65
TOTAL Sale of an Income Asset
152.65
TOTAL ASSET SALES AND TRANSFERS
152.6~
2. DIVIDENDS RECEIVED
Dividend Receipt
FEDERATED INCOME TRUST FUND #36
04/30/01 DIVIDEND OF
05/31/01 DIVIDEND OF
06/30/01 DIVIDEND OF
07/31/01 DIVIDEND OF
08/31/01 DIVIDEND OF
09/30/01 DIVIDEND OF
FEDERATED INTERMED. INCOME FUND #303
04/30/01 DIVIDEND OF
05/31/01 DIVIDEND OF
06/30/01 DIVIDEND OF
07/31/01 DIVIDEND OF
08/31/01 DIVIDEND OF
09/30/01 DIVIDEND OF
FED MAN CONSERVATIVE GROWTH PORT IS #357
06/25/01 .097jSH ON 2451.067 SHS
09/24/01 .065jSH ON 2451.067 SHS
FED MANAGED MODERATE GROWTH PORT FD #360
06/25/01 .07/SH ON 1032.388 SHS
09/24/01 .OS/SH ON 1032.388 SHS
FED US GOV'T SEC 1-3 YEAR FUND #9
04/30/01 DIVIDEND OF
05/31/01 DIVIDEND OF
06/30/01 DIVIDEND OF
07/31/01 DIVIDEND OF
08/31/01 DIVIDEND OF
153.32
152.41
151.24
145.78
143.20
143.85
151.24
153.72
153.60
148.01
147.40
147.71
237.75
159.32
72.27
51.62
121.28
117.74
112.57
105.47
99.74
REPORT OF INCOME CASH
FOR ACCOUNT 2100120 THE KENNEDY FAMILY TRUST
FOR DATES 04/10/01 TO 10/17/01
PAGE 4
09/30/01 DIVIDEND OF
FEDERATED GOV'T OBLIGATIONS FD #395
04/30/01 DIVIDEND OF
05/31/01 DIVIDEND OF
06/30/01 DIVIDEND OF
07/31/01 DIVIDEND OF
08/31/01 DIVIDEND OF
09/30/01 DIVIDEND OF
95.33
28.13
26.03
37.86
38.75
36.68
18.80
TOTAL Dividend Receipt
3,150.82
TOTAL DIVIDENDS RECEIVED
3,150.82
3. INTEREST RECEIVED
Interest Receipt
COMMERCE BANK
04/30/01
05/31/01
06/30/01
07/31/01
08/31/01
09/30/01
MORTGAGE NOTE FOR 28 N. 28TH ST, HBG.
04/30/01
05/31/01
06/25/01
07/30/01
08/28/01
10/01/01
7.57
7.37
4.85
5.54
5.69
3.45
249.69
249.43
249.17
248.91
248.64
248.37
TOTAL Interest Receipt
1,528.68
TOTAL INTEREST RECEIVED
1,528.68
TOTAL INCOME CASH RECEIPTS
4,832.15
INCOME CASH DISBURSEMENTS
4. FEES PAID - GENERAL
Attorney's Fees
REPORT OF INCOME CASH
FOR ACCOUNT 2100120 THE KENNEDY FAMILY TRUST
FOR DATES 04/10/01 TO 10/17/01
07/12/01 GATES & ASSOCIATES, P.C.
STATEMENT NO. 16460
Check # 006693
08/14/01 GATES & ASSOCIATES, P.C.
STATEMENT #16703
Check # 006792
09/17/01 GATES & ASSOCIATES, P.C.
STATEMENT #16936
Check # 006913
10/12/01 GATES & ASSOCIATES, P.C.
STATEMENT #17274
Check # 007039
TOTAL Attorney1s Fees
-155.00
-428.50
-710.44
-102.57
-1,396.51
Trustee's Fees/Regular
04/11/01 FOR 1 MONTH(S) ENDING
03/31/01
05/09/01 FOR 1 MONTH(S) ENDING
04/30/01
06/14/01 FOR 1 MONTH(S) ENDING
05/31/01
07/13/01 FOR 1 MONTH(S) ENDING
06/30/01
08/10/01 FOR 1 MONTH(S) ENDING
07/31/01
09/13/01 FOR 1 MONTH(S) ENDING
08/31/01
10/11/01 FOR 1 MONTH(S) ENDING
09/30/01
-173.68
-174.57
-174.90
-174.30
-175.38
-175.50
-164.28
TOTAL Trustee's Fees/Regular
-1,212.61
TOTAL FEES PAID - GENERAL
TOTAL INCOME CASH DISBURSEMENTS
NET CHANGE TO MONEY MARKET FUNDS
NET CHANGE TO MONEY MARKET FUNDS
INCOME CASH BALANCE
PAGE
-2,609.12
-2,609.12
-2,487.90
-34.47
--------------
--------~-----
0.00
REPORT OF PRINCIPAL CASH
FOR ACCOUNT 2100120 THE KENNEDY FAMILY TRUST
FOR DATES 04/10/01 TO 10/17/01
PAGE 6
BEGINNING BALANCE
0.2 =
PRINCIPAL CASH RECEIPTS
1. CASH ADDITIONS
Cash Addition
06/14/01
RECEIVED FROM ZIMMERMAN-AUER 81.56
FUNERAL HOME, INC.
INSURANCE OVERPAYMENT FOR ELLA KENNEDY
TOTAL Cash Addition
81.56
TOTAL CASH ADDITIONS
81.56
2. RECEIPTS OF MORTGAGE PRINCIPAL
Payment for Mortgage Note
MORTGAGE NOTE FOR 28 N. 28TH ST, HBG.
04/30/01
05/31/01
06/25/01
07/30/01
08/28/01
10/01/01
41.72
41.98
42.24
42.50
42.77
43.04
TOTAL Payment for Mortgage Note
254.25
TOTAL RECEIPTS OF MORTGAGE PRINCIPAL
254.25
< ASSET SALES ~~TD TPY~TSFERS
Proceeds from Sale of Asset
FEDERATED INCOME TRUST FUND #36
10/15/01 Sold 2,807.1770 units
Purchased on multiple dates
Short-term gain of 561.44
29,447.29
FEDERATED INTERMED. INCOME FUND #303
10/15/01 Sold 2,858.0420 units
Purchased 04/10/01
Short-term gain of 600.19
28,923.39
FED MAN CONSERVATIVE GROWTH PORT IS #357
10/15/01 Sold 2,451.0670 units
Purchased on multiple dates
24,608.71
REPORT OF PRINCIPAL CASH
FOR ACCOUNT 2100120 THE KENNEDY FAMILY TRUST
FOR DATES 04/10/01 TO 10/17/01
Short-term loss of 710.81
FED MANAGED MODERATE GROWTH PORT FD #360
10/15/01 Sold 1,018.0010 units
Purchased 04/10/01
Short-term loss of 570.02
FED US GOV'T SEC 1-3 YEAR FUND #9
10/15/01 Sold 2,624.6800 units
Purchased on multiple dates
Short-term gain of 419.95
TOTAL Proceeds from Sale of Asset
TOTAL ASSET SALES AND TRANSFERS
TOTAL PRINCIPAL CASH RECEIPTS
PRINCIPAL CASH DISBURSEMENTS
4. FEES
Legal Fees
OS/21/01
GATES & ASSOCIATES
STATEMENT #15981
Check # 006506
GATES & ASSOCIATES, P.C.
STATEMENT NO. 16212
Check # 006630
06/22/01
TOTAL Legal Fees
TOTAL FEES
5. DISTRIBUTION OF PRINCIPAL
Distribution
09/05/01
of Principal
JACK PRESTON
FINAL DISTRIBUTION PER
4.03 OF LEGAL DOCUMENT
Check # 006852
PARAGRAPH
10,800.99
28,110.32
121,890.70
-377.34
-765.77
-1,143.11
-1,083.33
PAGE
121,890.7:
122,226.S="
-1,143.1="
REPORT OF PRINCIPAL CASH
FOR ACCOUNT 2100120 THE KENNEDY FAMILY TRUST
FOR DATES 04/10/01 TO 10/17/01
09/05/01 RUTH E. MILLER -1,083.33
FINAL DISTRIBUTION PER PARAGRAPH 4.03
OF LEGAL DOCUMENT
Check # 006853
09/05/01 SHIRLEY A WRIGHT -1,083.33
FINAL DISTRIBUTION PER PARAGRAPH
4.03 OF LEGAL DOCUMENT
Check # 006854
09/05/01 MARY WERNTZ -1,083.33
FINAL DISTRIBUTION PER PARAGRAPH
4.03 OF LEGAL DOCUMENT
Check # 006855
09/05/01 AURORA CLUB -1,083.33
FINAL DISTRIBUTION PER PARAGRAPH 4.03
OF LEGAL DOCUMENT
Check # 006856
09/05/01 JOHN KENNEDY -1,083.33
FINAL DISTRIBUTION PER PARAGRAPH 4.03
OF LEGAL DOCUMENT
Check # 006857
09/05/01 JAMES N. COY -1,083.33
FINAL DISTRIBUTION PER PARAGRAPH 4.03
OF LEGAL DOCUMENT
Check # 006858
09/05/01 PENNSYLVANIA LITERACY -1,083.33
COUNCIL INC
FINAL DISTRIBUTION PER PARAGRAPH 4.03
OF LEGAL DOCUMENT
Check # 006859
09/05/01 JAMES AND PAULINE KENNEDY -1,083.33
FINAL DISTRIBUTION PER PARAGRAPH 4.01
OF LEGAL DOCUMENT
Check # 006860
09/21/01 JILL PEEBLES BRADLEY -1,083.33
FINAL DISTRIBUTION PER PARAGRAPH
4.03 OF LEGAL DOCUMENT
Check # 006949
10/10/01 ELMER COY, JR. -1,083.33
FIINAL DISTRIBUTION PER PARAGRAPH
4.03 OF LEGAL DOCUMENT
Check # 007021
TOTAL Distribution of Principal
-11,916.63
TOTAL DISTRIBUTION OF PRINCIPAL
PAGE 8
-11,916.63
REPORT OF PRINCIPAL CASH
FOR ACCOUNT 2100120 THE KENNEDY FAMILY TRUST
FOR DATES 04/10/01 TO 10/17/01
TOTAL PRINCIPAL CASH DISBURSEMENTS
NET CHANGE TO MONEY MARKET FUNDS
PRINCIPAL CASH BALANCE
PAGE 9
-13/059.7~
-109/166.7~
--------------
--------------
0.0:
. .. I "
..
REPORT OF NON-CASH ENTRIES
FOR ACCOUNT 2100120 THE KENNEDY FAMILY TRUST
FOR DATES 04/10/01 TO 10/17/01
PAGE 10
NON-CASH INCREASES
1. BOOK VALUE ADJUSTMENT
Book Value Adjustment
FEDERATED INCOME TRUST FUND #36
OS/21/01 ADJUST TO $10.29 PER SHARE;
04/10/01 DOD VALUE
OS/21/01 ADJUST TO $10.29 PER SHARE;
04/10/01 DOD VALUE
OS/21/01 ADJUST TO $10.29 PER SHARE;
04/10/01 DOD VALUE
FEDERATED INTERMED. INCOME FUND #303
OS/21/01 ADJUST TO $ 9.91 PER SHARE;
04/10/01 DOD VALUE
FED MAN CONSERVATIVE GROWTH PORT IS #357
OS/21/01 ADJUST TO $10.33 PER SHARE;
04/10/01 DOD VALUE
OS/21/01 ADJUST TO $10.33 PER SHARE;
04/10/01 DOD VALUE
FED MANAGED MODERATE GROWTH PORT FD #360
OS/21/01 ADJUST TO $11.17 PER SHARE;
04/10/01 DOD VALUE
OS/21/01 ADJUST TO $11.17 PER SHARE;
04/10/01 DOD VALUE
FED US GOV'T SEC 1-3 YEAR FUND #9
OS/21/01 ADJUST TO $10.55 PER SHARE;
04/10/01 DOD VALUE
OS/21/01 ADJUST TO $10.55 PER SHARE;
04/10/01 DOD VALUE
597.01
-3.98
-13.28
971.74"
-1,458.53
-271.96
-4.02
-285.10
606.80
33.57
TOTAL Book Value Adjustment
172.25
TOTAL BOOK VALUE ADJUSTMENT
172.25
TOTAL NON-CASH INCREASES
172.25
I III I ...
PA REV-1500
SCHEDULE F
JOINTL Y OWNED PROPERTY
~ allfJrst
ELLA MAE KENNEDY
OR REBECCA R HATCH
424 COUNTRY SIDE DR
EPHRA TA PA 17522-9628
1,111111111,1.111,1.1.,1,11,111111111,1.11 111,"1,1,1111,,1.11
Page 1 of 3
Relationship With Interest
Cila ftliae Kennedy
Or Rebecca R Hatch
Acct No 0072U-9716-1
March 21, 2001 thru April 19, 2001
" allfirsulom @ :i4-nDur
Customer Service
1-800-533-4630
Activity Summary
Annual percentage yield earned
Avg. daily ledger balance
Avg. daily collected balance
Interest earned this statement
Interest paid this statement
Interest paid this year
Days covered by this statement
0.9n
$1,1157.110
$1,1157.110
$1.08
$1. 08
$6.57
30
Balance on 03/20
Deposits and additions
Checks
Other activity
Balance on 04/19
$3,918.00
1,365.08
-11,256.00
-1,027.08
.00
Deposits and additions
Date Description
Amount
04/03 ACH CREDIT
US TREASURY 303 sac SEC 172018818A SSA
3031036030ELLA MAE KENNEDY 20010920691638
04/19 INTEREST PAID
$1,3611.00
1.08
$1,365.08
Checks
· Denotes missing sequence number
Number Date Amount Number
Date
Amount
Number
Date
Amount
We are safekeeping
your checks far
your convenience.
268 03/23 $1,3611.00 269
03/23
$1,528.00
270
04/09
$1,364.00
$4,256.00
009388
0011.98317497045 050
.. ,
iii allfirst
Other activity
Date Description
Amount
04/19 CLOSING WITHDRAWAL
-1,027.08
-1,027.08
End of Day Ledger Balance
Account balances are updated in the section below on days when transactions posted
to this account.
Date
Balance
Date
Balance Date
Balance
03/20
03/23
$3,918.00
1,026.00
$2,390.00 04/19
1,026.00
04/03
04/09
"'Easy, fast, convenient...Turbo Tax online. To download, just go to allfirst.com and
click on the Turbo Tax icon found in the Personal Finance and Internet Banking areas.'"
"'Allfirst Internet Bill Payment is now available. To enroll online today, just go to
allfirst.com, logon to Internet Banking, and click on Bill Payment! '"
The annual percentage yield earned reflects the amount of interest earned on the account
during the statement period and the average daily balance in the account for that period.
The interest rate paid will fluctuate according to money market conditions.
About your Relationship Checking with Interest account. When you maintain an average
daily ledger balance of $1,000 in your checking account; or $2,500 in your checking,
money market and savings accounts; or $7,500 in all related accounts you will not be
assessed the $10 monthly maintenance fee.
Balancing your checkbook. Look on the back of your first statement page for a fast and easy
way to balance your checkbook.
Wnai your icons mean
8 Customer Service
e Credit to your account
.. Important reminder
e Charge to your account
~ Other banks' A TM
transaction
009388
0011-98317497045 050
Page 3 of 3
.00
For questions about
your statement or
change of address
information, please see
page 2.
... ...
PA REV-1500
SCHEDULE H
FUNERAL EXPENSES and
ADMINISTRATIVE COSTS
..... ....
ZmmermMuer
FUNERAL HOME. INC.
4100 JONESTOWN ROAD, HARRISBURG,.PA 17109 . 717 545-4001 · DALE A. AUER, PRESIDENT . SHAWN E. CARPER, S~'1EB~~R
4-11-2001
Rebecca R. Hatch
424 Countryside Drive
Ephrata, PA 17522
Ella Mae Kennedy - Deceased
X Professional Services
$760.00
Limousine
SUB TOTAL
$760.00
x
Casket
Buriil Vault
Suit Dress
Underclothing
Slippers
Reglster Book
Memorial Folders
Thank You Cards
Crucifix
$250.00
SUB TOTAL
$250.00
X Grave Opening Charge
Ce~etery Equ~pment
Obltuary Notlce
Classifled Notice
Long Di~tance Telephone Calls
Honorarlum
X 10.Certified Copies @ $2.00
Halrdresser
Flowers
Flowers
X Cremation Authorization
X Cremation Fee
$495.00
$20.00
$25.00
$135.00SUB TOTAL
$675.00
TOTAL
5-3-2001 PAID
BALANCE DUE
il,C8s.ao
:;;1,766.56
-$81..56