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HomeMy WebLinkAbout07-31-78 No. 21-78 4DB PETITION FOR PROBATE OF WILL AND LETTERS TESTAMENTARY in the Estate of Hilton A. Russell , deceased. To Rich~rn F. Anderson of Cumberland, in the Commonwealth xis Petitioner(s) are the execut ors , Register of Wills for the County of Pennsylvania. named in the Last Will and Testament of Hilton A. Russell dated May 24 r 1 Q74 Decedent was a citizen of the United States and a resident of Township ~ Cumberl.and County, Commonwealth Shippensburq of Pennsylvania. Decedent died on Sunday the 16th day of July , State of A. D. 19 78 , in the County of Franklin Pennsv1vania at the age of 84 years. km ma meg Decedent has not been married and has not had children born to him since the execution of the above described Will. Decedent was possessed of personal property to the value of unestirnated and of real estate to the value of Unestirnated as near as can be ascertained; said real estate situated as follows Shippensburg Township, Cumber land Co. Pa. 213 North Prince Street, Shippensburg, Pa. apply Therefore, your petitioner(s) respectfully %til:Mii for the probate of the said Last Will and Testament and for Letters Testamentary thereon. Dated July 2u, 1978 The Peoples National Bank of Shippensburq East King Street >\ Name and address of Petitioner(s) Pa. COMMONWEALTH OF PENNSYLVANIA! ss COUNTY OF CUMBERLAND l:: tIc Filed; July 31, 1978 ':?'/-7,f'- ~o~ /"'/7/-,+ , " .. ~" , ',' .\ , '1 LAST WILL OF HILTON A. RUSSELL I, HILTON A. RUSSELL, of Shippensburg Township, Pennsylvania, declare this to be my last Will hereby revoking all prior Wills and Codicils. FIRST: I direct that all my just debts, including expenses of my funeral and last illness, be paid from my general estate as a part of the cost of administration as soon after my decease as practicable. SECOND: A. I give and bequeath to my wife, DOROTHY O. RUSSELL, all of my tangible personal property, including any automobiles, together with policies of insurance thereon, providing she is living thirty days after my death. If my said wife does not survive me, or dies within the thirty-day period, I give such property to my children living at the time of my death to be divided among them as they may agree, but, in the event no agreement is reached, the same shall be divided as my Executors shall determine. ~ :t ;:/\ B. I give and bequeath unto my secretary, MARGARET AGLE, the sum of Three Thousand Dollars ($3,000.00), if she is in my employ at the time of my death. C. I give and bequeath unto our housekeeper, MARY FRYE, the sum of Two Thousand Dollars ($2,000.00), if she is in my employ at the time of my death. THIRD: If my wife, DOROTHY O. RUSSELL, survives me, I give, devise and bequeath the entire residue of my estate to my Trustees hereinafter named to hold and administer as follows: 1. During the life of my said wife _ (a) All of the net income therefrom shall be paid to my said wife in quarterly or other convenient installments. (b) As much of the principal thereof as my Corporate Trustee in its discretion may from time to time deem proper for the health, maintenance and support of my wife, shall be paid to or applied directly for her. 111 .' . ' " ~ , .. . '. .4 --: 2. Upon the death of my said wife, or upon my death if she does not survive me, the then remaining principal of this Trust shall be divided among my then living issue per stirpes. For purposes of this paragraph "issue" shall be construed to include only natural born persons at the time the interest becomes possessory, and not adopted persons. 3. If any beneficiary is a minor, or in the opinion of my Trustees, is incapable, because of physical or mental incapacity, of properly using any pay- ment of principal or income to which he is entitled, my Trustees may use any payment to which the beneficiary shall be entitled for the maintenance, support, health and education of the beneficiary. Any amounts not required may be held by my Trustees and invested in accordance with the provisions of this Trust covering investments by my Trustees and any principal and accumulated income shall be paid over to the beneficiary upon the termination of his minority or incapacitaty or, in the event of his death, to his personal representative. FOURTH: The interests of the beneficiaries hereunder shall not be subject to anticipation or to voluntary or involuntary alienation until distribution is actually made. FIFTH: A. All estate, inheritance, succession and other death taxes imposed or payable by reason of my death, and interest and penalties thereon, with respect to all property comprising my gross estate for death tax purposes, whether or not such property passes under this Will shall be paid out of the residue of my estate without apportionment or right of reimbursement from any beneficiary or recipient. I authorize my Executors and Trustees to pay all such taxes at such time or times as deemed advisable. B. My Executors may join with my wife, or her personal repre- sentative, in a joint income tax return covering any period of time prior to my death, or in a gift tax return on gifts made by her prior to my death and in connection therewith to determine what taxes, interest, and penalties are proper and to pay the same even though not attributable in whole or in part to income or gifts from my property and without requiring said wife or her personal representative to indemnify my estate against liability to it for tax attribut- - - 2 - 112 . . ~ .' , ~ ,~ .. able to her. SIXTH: I appoint my wife, DOROTHY O. RUSSELL, and the PEOPLES NATIONAL BANK OF SHIPPENSBURG Executors and Trustees under this my Will. Should my wife, DOROTHY O. RUSSELL, for any reason fail to qualify or otherwise cease to act as Co-Executor or Co-Trustee, I appoint PHILIP C. HERR to act as such in her place. I waive the requirement of any bond or other security in any jurisdiction. My wife, DOROTHY O. RUSSELL, shall not participate in any discretionary decision relating to her right in or to income or principal or the division of tangible personal property, or in any determination of her capacity, in which cases the decision of corporate Trustee shall alone control. SEVENTH: My corporate fiduciary shall be entitled to compensation for its services hereunder in accordance with its Standard Schedule of Charges currently in effect at the time its services are called upon, and from time to time during the period over which such services are performed. My individual Executor, other than my wife, shall receive compensation equal to one-third of the corporate fiduciary compensation. EIGHTH: In addition to the powers above provided for, and those given by law, my Executors and Trustees, without any order of court and in its sole discretion, may: A. Retain any property and invest and reinvest in any property including ~ Cj by way of illustration and not of limitation, common stocks up to one hundred percent of my estate or any following trusts, any common or diversified trust funds maintained by or stock of the PEOPLES NATIONAL BANK OF SHIPPENSBURG. B. Keep reasonable amounts of cash in bank uninvested. C. Purchase investments at premiums and charge premiums to income or principal or partly to each. D. Subscribe for stocks, bonds or other investments; exercise any stock option or similar right; join in any plan of lease, mortgage, merger, - 3 - 113 .. ., ... '" .' consolidation, reorganization, foreclosure or voting trust and deposit securities thereunder; and generally exercise all the rights of security holders of any corporation. E. Register securities in the name of a nominee in such manner that title shall pass by delivery. F. Vote, in person or by proxy, securities held by it and in such con- nection to delegate its discretionary powers. G. Repair, alter, improve or lease, for any period of time, any prop- erty and give options for leases. H. Sell at public or private sale, for cash or credit, with or without security, and exchange or partition property and give options for sales or exchanges. I. Borrow money from any person, including any Executor or Trustee and mortgage or pledge any property. J. Compromise claims inclUding any questions relating to any policy of life insurance. However, my fiduciary need not institute litigation to collect any policy unless it is reasonably indemnified for costs, counsel fees and other expenses of such litigation. K. Use expenses and losses as deductions for federal income tax or estate tax purposes, or partly for each, as it shall deem advisable, without adjustments between income and principal in consequence of such discretion. L. Make distribution in cash or in kind or partly in each. M. Exercise all power, authority and discretion given by this Will after ter- of /t..'T mination of any trust created herein until the same is fully distributed. IN WITNESS WHEREOF, I have hereunto set my hand and seal this ,2, tf !!.;day ~d5-~~ Hilton A. Russell 1974. (SEAL) SIGNED, SEALED, PUBLISHED AND DECLARED by the above-named HILTON A. RUSSELL as and for his Last Will and Testament in the presence of us, who, at his request, in his presence and in the presence of each other have hereunto subscribed our names as witnesses. ,- /",-0 t?Q~f k";,,? sf/} Address S.i$~,n"".....(:bv~f$ ~on:? /fe" ~ 7"' Address 1. ,. J........ ff..(., , 1t4 OATH OF SUBSCRIBING WITNESS COMMONWEALTH OF PENNSYLVANIA } ss: COUNTY OF CUMBERLAND This ..........................?4t~.......................................... day of ...........n..............;J:~Jy...................n............ A. D.. 19.7JJ.... before me .Ri.c.b.~u;:g...~......~.m~.~*.!!iQD..................................................................... Register for the Probate of Wills and granting letters of Administration in and for said County of Cumberland. in the Commonwealth of Pennsylvania. personally came ......~.~....t!..~...g,;-.C?~~.~...~~.~...~.C?~.~...~.~... ~~~~.~P:......n................ ............m.............................. "'."'''''' ........-...-.........-.-...........-.......--..-..........................--.---........-----..-...------...----......................----------..----------------........................----.------. the subscribing witnesses to the foregoing instmment of writing purporting to be the last Will and Testament of ....~:J,.J:tQn..!.\......R~.l?~.~l!.............. ..................................... .................................. Dated ...l1ay....2:4.,....1.9.1.4.............. late of Shj..P.P.~P.~.~Y:;g:...~QW!:H~.h:t.l?f................................m................................ Cumberland County. Pa.. deceased who being duly ......~~C?;.~............n.............m.. according to law. depose and say. that ...tb.~y....wer.e........................ present. and saw and heard the testa..to.'t:............................ .....Hilton..A&...Rus.sell........m.........m...................... sign. seal. publish. pronounce and declare the said instmment of writing as and for h.is............ Testament and Last Will. and at the time of so doing .......................b.~........m.........m..m...n..... was .of sound and disposing mind. memory and understanding. to the best of ...........:!;,h.~:i;...................................... knowledge. observation and belief. ....~.~~;.~.................................. - "\ ~~~ore \. !~ .............V............. ... .. ... ..............r:.~~.... Register. ., ec; .. ........ ......m...~..n................................. ---......---..--......--.................--..--..----...----....--..............-............. AFFIDAVIT OF DEATH COMMONWEALTH OF PENNSYL VANIA I COUNTY OF CUMBERLAND 1 ss: ~~.Q~~.~...............!:.!':.~~.~p.__g..~__.!:1:~.:.?::...........................__.......... being duly .....~~9.;P:................__.............. says that as nearly as can be ascertained the said decedent ...........__...__....m................... Hilton A. Russell died on .......................-....................-......--...................................-.....-..-.................-.......--.........-...................-.--.-.....---............-.-.. .....~?~.~~r.......__...__.. the .........J9.tb.............__.... day of ......I1.uly........................................__..__........ A. D.. 19.7.EL. at or about ..J~}.?..............__m............... o'clock. ~: M. ..~.~?~.~...............................--.......... and subscribed this .....__...............~!-J::t?E:...................... d 19.__]J~.. OATH OF PERSONAL REPRESENTATIVE COMMONWEALTH OF PENN5YLVANIA~ 55: COUNlY OF CUMBERLAND Before me, the Register for the Probate of Wills and granting of Letters of Administration in and for the County of Cumberland, personally came ....Jlax:Q.ld..J.J......--Cx:o.uae--.and..PhiJ.ip---C.....Herr----.--.....................-- who, being duly ..~w.Q.t:P.,___..______.___, do ....__._..__ depose and say that as ..___.~~~.QJ,;IJ;.9.*.~....m......____.__....m....__.....__...h of the last Will and Testament of ..........~J.:t!~.<?~__~......~);!!?~~J.L......m......m.......__.....__..................--........ deceased ....~~.~~m..__..___...m.......... will well and troly administer the goods and chattels, rights and credits of said deceased according to law. And also will diligently comply with the provisions of the law relating to Transfer Inheritances. ....S~Qrn..--...---m.. and subscribed before me. D., 19.1.8... Register 00 ...... I 0 - N Z !! ci oS 1;; Z ~ -d <U '" oS <U ~ 0 LL H 0 H f:i1 0', "'r ['-' -, r:f) p ~i .J p::: ..:.= 8 .J <:r; I::l:l Z :::l .: - 0 ~ 0: ~ 8 8: H .5 f:i1! H ::r: "'t:l <U rl: "'t:l rl: ... ~ rl: ~: <U "'t:l b() c: ~ oS DECREE co: 1'--1 0\ - ~ C ~ rl C"'\: p,i rl: ~: 1-;>: "'t:l <U - ~ Be it remembered that on the ___...__.J:I:.~:t....... day of ..............__m.!::-~}"____h.............m...__.' A. D., 19..7.~.., there . Hilton A. Russell was probated and recorded the last Will and Testament of ____.m..........m_____.__m__..............__...m..__h..__.............__...__..__.., late of __...........;?h~p.P..~~?J?~.:r.g.m..____.__..................__..m..____u_' Cumberland County, Pennsylvania, Deceased. Letters ...m..umm~~~!~"'~~!~!Lu. were gnnted to~RIi~~~~~~~e~;~!:~~~.~f\~gMp~.ni' bw Witness my hand and official seal the day and year aforesaid. : \, ......m......\.....................mh....__~...............~. Register. .;' ~:. (~ _.~