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HomeMy WebLinkAbout09-28-05 217 REV-1500 EX (6-00) OFFICIAL USE ONLY COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE OEPT.280601 HARRISBURG, PA 17126-0601 REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT NUMBER FILE NUMBER 21-05-0060 COUNTY CODE YEAR .... z w c w " w c DECEDENT'S NAME (LAST, FIRST. AND MIDDLE INITIAL) Hill, Ro J. DATE OF DEATH (MM~DDMYEAR) THIS RETURN MUST BE FILED IN DUPLICATE WITH THE SOCIAL SECURITY NUMBER 204-01-2200 DATE OF BIRTH (MM-OD-YEAR) 1/5/2005 6/15/1910 (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) REGISTER OF WILLS SOCiAl SECURITY NUMBER I!' !I::5~ ""',, w&o ~"'~ "~.. < o 1. Original Relurn D 4. Limited Estate o 6, Decedent Died Testate (Allach copy of Will) 09 Tfl. NAME D 2. Supplemental Return D4a. Future Interest Compromise (date of death after 12-12-82) 07 0,0 Federal Estate Tax Return Required 03 05 Remainder Retum (date ofdeattl prio<to 12-13-B2) Decedent Maintained a Living Trust (Attach copy of Trust) Robert M. Fre FIRM NAME (If Applicable) 8. Total Number of Safe Deposit Boxes 011. Election 10 tax under Sec. 9113(A) (Attach Sch 0) T~IN.,,(fRMATION SHOULD BE DIRECTED TO: COMPLETE MAILING ADDRESS 5 South Hanover Street Carlisle, Pennsylvania 17013 .... Z W C Z ~ ., W '" '" o " Fre and Tile TELEPHONE NUMBER 717 243-583B 1. Real Estate (Schedule A) (1)NONE OFFICIAL USE ONLY ", c_") <..:..;;, c.n (/) ;-,'1 -'0 2. Stocks and Bonds (Schedule B) 406,430 .::CJ r-;-1 .:-:> c:-) .":,~ :"::::J ")CJ " -n 'T-t .:;c~ .., rn .J ,~--:) ':h 3. Closely Held Corporation, Partnership or Sole-Proprietorship (2) (3) NONE (4) NONE ,,) CO 4. Mortgages & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 14,162 ==-.~ (5) (6) NONE --j o rv z o ;:: <( ... ::l .... ii: <( " w '" 6. Jointly Owned Property (Schedule F) Dseparate Billing Requested 7. Inter-Vivos Transfer & Miscellaneous Non-Probate Property (Schedule G or l) (7) NONE 8. TOTAL GROSS ASSETS (total lines 1-7) 420,592 (8) 32,731 779 (11) (12) (13) (14) 387,OB2 282,082 105,000 9. Funeral Expenses & Administrative Costs (Schedule H) (9) 10. Debts of Decedent, Mortgage liabilities, & liens (Schedule I) :10) 12. NET VALUE OF ESTATE (line 8 minus line 11) 13. Charitable and Govemmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J) 14. Net Value Subject to Tax (line 12 minus line 13) SEE INSTRUCTIONS ON REVERSE SIDE 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) 0 z 0 ;:: 16. Amount of line 14 taxable at lineal rate .0 (16) 0 i'! x ::l ... :I; 17_ Amount of Une 14 taxable at sibling rate x .12 (17) 0 0 " >< 105,000 .15 (18) i'! 18. Amount of line 14 taxable at collateral rate X 15,750 19. Tax Due 119) 15,750 200 - J I - - . -,. 'J I-_-,:~ l,'[~ . !"::t;::~';I\I~ "~i~ .'~~ ~';J\~J~:;{::I,j"J;~ ~.~~, ~ "<J~. ~~~$~'$JIil,li!'(!<IPiRECHECKMATH < < 217 Hill, Roy J. 204-01-2200 Decedent's Camelete Address: STREET ADDRESS 770 South Hanover Street CITY ~TATE I~IP Carlisle PA 17013 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1) 15,600 788 Total Credits (A + 8 + C ) (2) 3. Interest/Penalty if applicable D.lnterest E. Penalty 4. TotallnterestlPenalty ( 0 + E ) If Line 2 is greater than Line 1 + Une 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 Line 20 to request a refund (3) o 5. (4) (5) (SA) (5B) to: REGISTER OF WILLS, AGENT 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. 15.750 16,388 638 o o B. Enter the total of Line 5 + SA. This is the BALANCE DUE. Make Check 1. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS Did decedent make a transfer and: 8. retain the use or income of the property transferred; Ves D D D D D D D No [R] [R] [R] [R] [R] [R] [R] IF THE ANSWER To ANY OF THE ABOVE QUESTIoNS IS YES, YOU MUST CoMPLETE SCHEDULE G AND FILE IT AS PART of THE RETURN. b_ retain the right to designate who shall use the property transferred or its income; c. retain a reversionary interest; or 2. d. receive the promise for life of either payments, benefits or care? If death occurred after December 12, 1982,did decedent transfer property within one year of death without receiving adequate consideration? 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? 4. Did decedent own an Individual Retirement Account, annuity Of other non-probate property which contains a beneficiary designation? DATh 7-/5 --ar 55 South Main Street. ChambersburQ PA 17201 SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE ~- h 7? - ~ DATE ADDRESS 5 South Hanover Street, Carlisle PA 17013 For dates of death on or after July 1, 1994 and before January 1, 1995,lhe tax rale imposed on the net value of transfers to Of for the use of the surviving spouse is 3% [72 P.S. Section 9116 (a)(1.1){i)). For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% 172 P.S. Section 9116 (a){1_1 }(iill. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and fiUng a tax retum are still applicable even if the surviving spouse is the only benefidary. 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 al death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is 0%[72 P.S. Section 9116(a){1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noled in 72 P.S. Section 9116(1.2) [72 P.S. Section 9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% 172 P.S. Section 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. 217 REV-1503 EX+ (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF RovJ.HiII FILE NUMBER 21-05-0060 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1. 2. DESCRIPTION MTB SH Duratn Govt Bd-Inst 1-FD #120(Trust #413632605-Book Value) MTB Prime Money Market Fund #142(Trust #413632605) Accrued interest to the date of death (Trust #413632605) VALUE AT DATE OF DEATH 380,161 26,262 7 TOTAL (Also enter on line 2 Recaoitulation $ (If more space is needed, insert additional sheets of the same size) 406 430 '" W '" < "- W "':I: O<ll u< ZO o o o ." '" ~ o <0 o '" & . ~ ~ ~ '" t4 . ~\ ~ 0 , ...J 0 ~ .~ '" <0 N < 0 0\ '" -.. ~ N "- . 6 . " , -:I: 0 ~ ~ I"- '" -C '" I"- O<ll ." 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N '" Z W LaJX-;:':: :CZl.LJOM Z-I.&.,.O :I: XZLa.l:::.::; XZLaJ:::'::: :I:-WCO ,~ < '" Od:loa:cno U'J<l-z.- <nOLr...O "'~>'" V)-:(I-o:: (1)<1-0::: cf)CI-N .0 a:: W LI.n-l.LJc(~o <a::<~.:t <coo < -::> <e:CC::::Zc( <ca::Ze:( c(cc:(..... -,0 .... a> o:::~o:::::EOCO OI-ClL.=at (.)ct::r:c:C U%OO 01--% 01--:[ o<o::tt: N (Ow > CD CD d) 0" '" '" a::.... 0 0 :z: W , , <::> .... ~ N . ...JO < 0 0 ...Ju 0 , , -u N N :1:< 0 0 + 217 REV-1508 EX+ (6-98) SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF ROY J.HiII Include the proceeds of litigation and the date the proceeds were received by the estate. All Drooertv iointlv-owned with rlnht of survivorshin must be disclosed on Schedule F. FILE NUMBER 21-05-0060 ITEM NUMBER DESCRIPTION 1 M& T Bank, Personal Checking Account #1282433 2 Accrued Interest to the Date of Death 3 Refund, 2004 PA Personal Income Tax 4 Refund, Hoffman-Roth Funeral Home VALUE AT DATE OF DEATH 14,006 1 147 8 TOTAL (Also enter on line 5, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 14,162 "' w Cl < ... w :>::s: a'" 0< zo o o o <J> "' = o <0 o '" ~ : "-l \I.l "' \J 0 ~\~ 11 , ..J 0 ~ '" <0 "'"1 '" < 0 '" ",-" ~ = '" ... . . 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UlO "0" "0" "' Z :I: -- :I: -- :1:0.....0 ::COI-O :1:>- UJ :I: -- :I: -- "~ < c:na:l:>ct.l U)l::O:>c:n U)-(I)w <n-tI)l.Ll IIl< . >-IIl U>t:O:>(I) cnCO>Vl '0 a: c:c.....-=a C(..--~ <<-tL c(c(-o.. <>-< "'< <(.....-:::1 <1--::1 ..,0 >- 0%:00 0%00 OQ,.C(f.l o 0..0 U) UIIl" :.oUl O::EOO O::EOO '" > u"I "' u"I 0.. "' "' a:>- 0 0 0 0 0 Z '" , , , , , "" >- '" '" '" ~ ~ ...JO < 0 0 ~ 0 0 ...JU 0 , , , , , -U u"I u"I u"I '" '" :1:< 0 0 0 0 0 + 217 REV-1511 EX+(12--99) COMMONWEALTH OF PENWSVlVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF Roy J. Hill FILE NUMBER ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative (5) M&T Trust Company Social Security Number(s) f EIN Number of Personal Representative(s) EIN#160538020 Street Add,"ss 55 South Main Street City Chambersbum State PA Z;p 17201-0459 Year(s) Commission Paid: 2005 16.118 2. Attorney Fees 15.618 3. Family Exemption: (If decedenfs address is not the same as claimant's, attach explanation) Claimant Street Address C;ty State Zip Relationship of Claimant to Decedent 4. Probate Fees 452 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. The Sentinel. Advertising 173 8. Cumberland Law Joumal. Advertising 75 9. Register of Wills, Filing Fee for PA Inheritance Tax Return 15 10. Register of Wills, Filing Fee for First and Final Account 280 TOTAL IAlso enter on line 9 Recaoltulatlon) $ 32731 Debts of decedent must be reported on Schedule I. (If more space Is needed, Insert additional sheets of the same size) REV-1512 EX+ (12-03) 217 SCHEDULE I DEBTS OF DECEDENT. MORTGAGE LIABILITIES, & LIENS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Roy J. Hill FILE NUMBER 21-05-0060 Report debts Incurred by the decedent prior to death which remained unpaid as of the date of death, Including unreimbursed medical expenses. ITEM NUMBER 1. 2. 3. 4. 5. 6. DESCRIPTION Chapel Pointe at Carlisle, Final Nursing Home Expenses Mobile X-Ray Imaging, Inc., Medical Millennium Phanmacy Systems, Prescriptions CRMC Anesthesia, Medical Jack E. Nace, Tax Preparation of Individual ES, 2004 Federal and State Taxes Check 940 to Miriam Neff, Gift, cleared after Date of Death VALUE AT DATE OF DEATH 301 35 81 12 250 100 TOTAL (Also enter on line 10, Recanitulation\ $ (If more space is needed, insert additional sheets of the same size) 779 217 REV-1513 EX+ (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF Rov J. Hill FILE NUMBER NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY I. TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] RELATIONSHIP TO DECEDENT Do Not List Trustee(s) 21-05-0060 AMOUNT OR SHARE OF ESTATE SEE THE ATTACHED LIST FOR BEQUESTS 105,000 2 BEQUEST TO M&T, IN TRUST, WHICH BE WILL KNOWN AS 100% residue of estate THE "DOROTHY M. HILL MEMORIAL GRANTS TRUST FOR THE FIRST UNITED METHODIST CHURCH OF CARLISLE" . ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET II. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1 Bequest to M&T, in Trust, which will be known as the "Dorothy M. Hill Memorial Grants Trust for 282,082 the First United Methodist Church of Carlisle" TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ 282 082 (If more space is needed, insert additional sheets of the same size) ....._~' .Y;""~M~.,..;,";"""'.;";7"_"..;'~~!'''''~'''_____''._~._-. .. LAST WILL AND TESTAMENT OF ROY J. HILL I, ROY J. HILL, widower, of Middlesex Thwnship (mailing address: 5 Far View Avenue, Carlisle, Pennsylvania ] 70 13), being of sound and disposing mind, memory, and understanding, do hereby make, publish, and declare this as and for my Last Will and Thstament, hereby revoking and making void any and all Wills by me at any time heretofore made. I. I uirect my hereinafter named ExeclItor to pay nil of my just debts nnd funeral expenses us soon after my dealh as may be found convenient to do so. . 2. 1 give and bequeatb the sum of Thirty Thousand ($30,000.00) Dollars to Cumberland Star Lodge No. 197, 1236 Holly Pike, Carlisle, Pennsylvania, to be added 10 its building fund for 1TI1Iintnining the Masonic Center free - and clear of all estate, tmnsfer. succession, inheritance or other similar tux or charge, it being my express intention that said bequest be received by the named legatee in full and without reduction for taxes or contribution for taxes. 3. I give nnd bequeath all of my household goods and furnishings together with the sum ut' Twenly Thousand ($20,000.00) Dollars to my faithful friend, MiriamS. Neff, provided she shall survive me by a period of ninety (90) days, bUI should she fall to so survive me then the same shall lapse and be included in the residue of my estate. . 4. .1 give and hequealh the sum of $1,000.00 to each of the following: my nephew Carl Tnngel; my nephew George Thnger who is also known as Leo Tanger, Jr., my nepbew Mervin Hill, Jr. my nephew Gary Hill, and my niece Darlene McNaughton, provided they shall survive me by a period of ninety (90) days, but should any of them fail to so survive me then the same shnlllnpse and be included in the residue of my estate. 5. 1 give and bequeath Ihesum of $5,000.00 to my niece Linda Sloop, provided she shall survive me by a period of ninety (90) days, but should she fail to so survive me then the same shnlllnpse nnd he included in the residue of my eslate. 6. I give and bequeath the sum of $10,000.00 to each of the following: my greal nepbew Jason Sloop, my nephew Lnrry Hill, my niece Shirley Kramer and my niece, Donna Myers, . provided Ihey shull survive me by a period of ninety (90) days, but should any of them fail 10 so . survive me lhen the same shall lapse and be included in the residue of my estate. 7. I give and bequeath $15,000.00 10 my niece Pauline McCoy provided she shall survive me by a period of ninety (90) days, but should she fail 10 so survive me then the same shall lapse and be included in lhe residue of my estate. i , ~ I;,' iii:~ f ~:. ~: : 8. AlIlhe rest. residue, and remuinder of my estate. real. personal. or mixed. and wheresoever the ~ml11e mny be situate. I give, devise. and bequeath to Keystone Financial, in Trust in memory of my wife, Dorothy M. Hill, which trust shall be known as the "Dorothy M. Hill Mell'lOrial Grants Trust for the First United Methodist Church of Carlisle" and The income from this Trust shall be distributed as follows: a. By.a majority vote of its Administrative Board, the First United Methodist Church of Carlisle, 64 East North Street, Carlisle, Pennsylvania, or its successor, shan designate persons as recipients of scholaf8hips who 8re full time students pursuing a Course of study leading to a career in nursing as a Registered Nurse or who are full time students pursuing .u leust a four year college course which upon the successful completion of fOllr yenrs or more of sfudy will Je.ad to the award of a Bachelor's or similar degree. The pm.licull\r school being attended need not necessarily be a fOllr year institution i( the course of study being pursued is such that credit for its successful completion is expected to be given to the student evidencing salisfactory complelion of work required in order to become :l Regi~tered Nl1r~e 0.' rhe cour~e of study hC"inz pursued is slJch that credit for its successful completion is expected to be given to the student upon his intended transfer to some other instItution Ilt which lhe student intends to complete a fOllr year course of study nnd be aWlIrded a Bachelor's degree or similar degree. (J.70-:I l- ..<JI.-(..:!.u Pngc I of 4 pages The undergraduate course of study being pursued shall nevertheless qualify if the course of study is reasonably necessary in order to qualify the student for becoming a Registered Nurse or even if more than four years of study are required for qualifying for a Bachelor's degree or similar degree, but no payment shall be made to such designated person after four years of undergraduate study have been completed. The persons so designated shall be deemed deserving but need not necessarily be students who are outstanding academically nor need they be destitute, but shall be students who are believed to be capable of successfully completing the course undertaken and in the opinion of the Administmlive Board to be persons meriting financial assistance. h. The amount paid to each person shall not exceed the amount reasonably required to be expended by the recipient for the cost of tuition, books, fees, and reasonable living expenses including food and lodging. c. In designating the person or persons as recipients of "Dorothy M. Hill Memorial Grants", preference shall be given to the person or persons who, in the opinion of the First United Methodist Church, merit financial assistance and are pursuing a course of study, not necessarily as long as four years, which upon the successful completion will . lead to a career in nursing as a Registered Nurse, but if there are no such applicants tben the First United Methodist Church shall designate persons who are full time students pursuing at least a four year college course which upon the successful completion of four years or more of study will lead to the award of a Bachelor's or similar degree. d. The fiscal year of the trust shall be July I through June 30, and the income arising therefrom shall be distributed to those persons designated by the First United Methodist Church at one or more times during each fiscal year as the First United Methodist Church may direct. . i: During the first full fiscal year, all of the income earned that fiscal year and all of the income earned prior to that fiscal year shall be paid to or for .tbe benefit of one or more persons designated by the First United Methodist Church who are enrolled as first year nursing students or first year college students, divided as the First Uniled Methodist Church shall direct. ii. During the second fisca~ year, aU of the income earned in that y~ar shall be paid, one-half to or for the benefit df one or more persons designated by the First United Methodist Churc~ who are enrolled as first year nursing students or first year ~ollege students. divided as the First United Methodist Church sball direct; and one-halfto or for the benefit of one or more persons desi~nated by the First United Methodist Church who are enrolled as second year nursing studenls or second year college students. divided as Ihe First United Methodist Church shall direct. Hi. During the third fiscal year, all of the income earned in that year shall be pi.lid. one-chiI'd 10 or For the henefit of one or more persons designated by the -First UniLed MethodistChurch who are enrolled as first year nursing students or first year college students. divided as the First United Methodist Church shall direct; one-third to or for the benefic of one or more persons designated by the First Uniced Methodist Church who are enrolled as second year nursing students or second year college students, divided as the First United Methodist Church shall direct; and one-third to or for the benefit of one or more persons designated by the First United Methodist Church who are enrolled as third year nursing students or third year college students, divided as the First United Methodist Church shall direct. iv. In all subsequent fiscal yeors, all of the income earned in each fiscal year shall be paid one-fourth to or for the benefit of one or more persons designated by the First United Methodist Church who are enrolled as first year nursing students or first year college students, divided as the Flrst United Methodist Church shall direct; one-fourth to or for the benefit of one or more persons designated by the First United Methodist Church who are enrolled as second year nursing students or second year college students, divided as the first United Methodist Church shall direct; one-fourth to or for the benefit of one or more persons designated by the Firsl Uniled Methodist Church .who are enrolled as third year nursing students or third year college students, divided as the First United Methodist Church shall direct; and one-fourth to or for the benefit of one or mare persons designated by the First United MeLhodist Church who ure enrolled as fourth year nursing students or fourth year college students, divided as the First United Methodist Church shall direct. Page 2 of 4 pages ri17 tJ'd J. Of ,{.:a ..' . ~" .:f t ~:: '.,'. ~ '. :" e. Should the First United Method!st Church fail to designate a person in any category, either because no member of the First United Methodist Church is thought to qualify or upon failure to designate after thirty (30) days written notice from the Trostee so to do, then such income as would have been paid to such person or persons sha\l be paid to The Salvation Army, Inc., a corporation organized and existing under the laws of tbeStale of New York, having a citadel and office at20 East Pomfret Street, Carlisle, Pennsylvania, or elsewhere. . 9. J hereby nominate, constitute, and appoint Keystone Financial, and its successors. One West High Street. Carlisle, Pennsylvania, as. Executor of this my Last Will and Thstament Dnd [ further direct thot it shall not be required to post uny bond to secure the faithful performance of its duties in the Commonwealth of Pennsylvania or in any other jurisdiction. 10.10 addition to the powers conferred by law, my herein nomed Executor and Trustee is empowered: u. To invest anypnrt of the trust corpus in slIch securities, investments, or other property as may be deemed advisable and proper, irrespective of whether the same are authorized for the investment of trust funds under the laws of any governing jurisdiction. h. With respect to any corporation, the stocks. bonds. or other securities of which may be held, to vote in person or by proxy on any shares of stock; 10 consent to the merger, consolidation or reQrganization of such corporations; to consent to the leasing, mortgaging or sale of the property of any such corporations; t~ make any surrender. exchange or substitution of such stocks, bonds or other securities as an incident to the merger, consolidation or reorganization of such corporations; to pay all assessments, subscriptions and other sums of money which may be . deemed wise and expedient for the protection and maintenance of the proportionate interest of lbe investment in such corporations; to exercise any option or privilege which maybe con~rred upon the holders of such stocks, bonds, or other securities of such cOT':'rations either for the conversion of tbe same into other securities or for the purchase of additional securities, and to make any and all necessary payments which may be required in connection therewith; and gene,..dlly to have and exercise as to all sllCh stocks, bonds and other securities, the powers of an individual owner who is not under tmst obligation. c. 1b hold the tmst corpus in one or more consolidated funds in which separate shares shuH have undivided interests. li i' ':~. --:-:1 ..'.. { f.:- "t..!, ~.':'; d. To sell ul public or privute sale tor cash or upon credit. or partly for cash and partly on credit, and upon such terms and conditions as shall he deemed proper, any part or parts of the trust estate. and no purchaser at any such sale shan be bound to inquire into the expediency Of propriety of any such sale or to see to the application of the purchase moneys arising therefrom. e. To keep on hand and uninvested such money as may be deemed proper and for such period us I11clY be found expedient. f. To compromise, setde or arbitrate any claim or demand in favor of or against the trust estate. g. And authorized in the discharge of fiduciary duties, to employ counsel and to determine and to pay s\lch counsel reasonable compensation which shall be charged against the principal or income of the (rust fund, and shaH further be entitled to charge against the principal or income such other reasonablee.penses and charges as may be necessary and proper to incur for the proper discharge of fiduciary duties and for tI,e proper management and administration of the trust estate. h. In making any division of property into shares for lhepurpose of any distribution thereof directed by the provisions of the trust, to make such division or distribution, either in cash or in kind, or partly in cash and partly in kind, as .hall he deemed most expedient, and in making 'my division or distribution in kind may allot any specific security or property or any undivided inlerest tberein to anyone or more of such share., and to that end may appraise any or all of the property so 10 be allOltetlantllhe judgment as to the propriety of such allotment and as to the relative vl!lue for purposes of distribution of the securities or property so allotted shall be final and conclusive upon all persons interested. in the \nlst or in the division or distribution thereof. i. And authorized to register any shares of stock or other assets of any trust in their own names or in the name of a nominee. j. To retain an~ invest in shores of stock of my Trustee. k. To reh\in nny investments including mutual funds which I may own at the time of my death tlnd in uddi\ion '0 invest uny part of the Trust corpus in such mutual fund or mutual funds us mny be deemed advisable or proper, irrespective of whether the same are authorized for Page 3 of 4.pllges :.~ rtI)( I1Y ; dl/~ .. the investment of trust funds under the laws of any governing jurisdiction. I. To determine from time to time whether all or some portion of realized capital gains shall be (....Ied as ordinary income for distribution to a beneficiary or trealed as principal 10 be retained as part of the corpus, and SUell designation need not be consistent from one year to another. IN WITNESS WHEREOF, I have hereunto set my hand and seal to this my Last Will and Testament written on four (4) pages this 23rd day of August, 1999. Roy J. H~OlY j ~ ~"~,(SEAL) Signed, sealed, published and declared, by Roy J. Hill, the Testator above named, as and for his Last Will and Testament. in Ollr presence, who. in his presence, at his request, and in the presence of each other, have hereunto subscribed our names BS attesting witnesses. (?~~ tn~ --;,) L I.' ! :t ~:-; M i. C f ..... "\.,.. Page 4 of 4 pages .' ATTACHMENT TO THE SCHEDULE II J" BEQUESTS CUMBERLAND STAR LODGE NO. 197 $30,000.00 MIRIAM S. NEFF $20,000.00 FRIEND CARL TANGER $ 1,000.00 NEPHEW GEORGE TANGER AKA $ 1,000.00 NEPHEW LEO TANGER, JR. MERVIN HILL, JR. $ 1,000.00 NEPHEW GARY HILL $ 1,000.00 NEPHEW DARLENE McNAUGHTO $ 1,000.00 NIECE LIINDA SLOOP $ 5,000.00 NIECE JASON SLOOP $10,000.00 GREA T NEPHEW LARRY HILL, DECEASED NEPHEW SHIRLEY KRAMER $10,000.00 NIECE DONNA MYERS $10,000.00 NIECE PAULINE McCOY $15,000.00 NIECE