HomeMy WebLinkAbout01-04-06 (2)
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COMMONWEALTH OF
PENNSYLVANIA
DEPARTMENT OF REVENUE
DEPT. 280601
HARRISBURG, PA 17128-0601
REV.1500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
OFFICIAL USE ONLY
FILE NUMBER
II
05
0071
NUMBER
COUNTY CODE YEAR
SOCIAL SECURITY NUMBER
DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL)
Manges, ClairE.
DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR)
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10-29-2004
207 -24-2033
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
01-17-1932
REGISTER OF WILLS
SOCIAL SECURITY NUMBER
207 -32-4987
(IF APPLICABLE) SURVIVING SPOUSE'S NAME ( LAST, FIRST AND MIDDLE INITIAL)
Manges, Georgie Ann
[!] 1. Original Return
o 4. Limited Estate
~ 6. Decedent Died Testate (Attach
copy of Win)
D 9. Litigation Proceeds Received
'llI~\i~~TtQNJ.t,lS:lC'i'"' "8:m'
NAME
Brett B. Weinstein, Esquire
FIRM NAME (If applicable)
Weinstein Law Offices PC
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TELEPHONE NUMBER
610-337-3733
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2. Supplemental Return
D 3. Remainder Retum (date of death prior to 12-13-82)
o 5. Federal Estate Tax Return Required
1 8. Total Number of Safe Deposit Boxes
[i] 11. Election to tax under Sec. 9113(A) (AlIach Sch 0)
1. Real Estate (Schedule A)
2. Stocks and Bonds (Schedule B)
4a. Future Interest Compromise (date of death after
12-12-62)
7. Decedent Maintained a Living Trust (Attach
copy of Trust)
10 Spousal Povertv Credit (dete of death between
. 12-31-91 and H-ll5)
PlI"
COMPLETE MAILING ADDRESS
705 West DeKalb Pike
King of Prussia, PA 19406
t-,.')
(1 )
(2)
(3)
(4)
(5)
(6)
(7)
-c. qFFICIAL USE:O~LY
, . 1'"
None
None
None
None
8,160.54
None
-;
3. Closely Held Corporation, Partnership or Sole-Proprietorship
4. Mortgages & Notes Receivable (Schedule D)
5, Cash, Bank Deposits & Miscellaneous Personal Property
(Schedule E)
6. Jointly Owned Property (Schedule F)
o Separate Billing Requested
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G or L) 0 Separate Billing Requested
8. Total Gross Assets (total Lines 1-7)
9. Funeral Expenses & Administrative Costs (Schedule H)
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258,673.05
(8)
266,833.59
(9)
15,552.84
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10)
11. Total Deductions (total Lines 9 & 10)
(11 )
15,552.84
251,280.75
0.00
(12)
12. Net Value of Estate (Line 8 minus Line 11)
(13)
13. Charitable and Governmental 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)
(14)
251,280.75
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
0.00
523.41
0.00
0.00
523.41
15. Amount of Line 14 taxable at the spousal tax rate, 239,649.50 x .00 (15)
or transfers under Sec. 9116(a)(1.2)
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0 .045 (16)
i= 16. Amount of Line 14 taxable at lineal rate 11,631.25 x
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D. 17. Amount of Line 14 taxable at Sibling rate 0.00 x .12 (17)
:E
0
(.) 18. Amount of Line 14 taxable at collateral rate 0.00 x .15 (18)
S 19. Tax Due (19)
CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
Copyright 2002 form software only The Lackner Group, Inc.
Form REV-1500 EX (Rev. 6-00;
~.
Decedent's Complete Address:
STREET ADDRESS
80 Carpenter Lane
CITY Newburg
I STATE PA
IZIP 17240
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
(1 )
523.41
0.00
Total Credits (A + 8 + C)
(2)
0.00
3. InteresUPenalty if applicable
D. Interest
E. Penalty
8.03
TotallnteresUPenalty (0 + 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.
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
(3) 8.03
(4)
(5) 531.44
(5A)
(58) 531.44
Make Check Payable to: REGISTER OF WILLS, AGENT
;;~'!ii~:.
1. Did decedent make a transfer and:
a. retain the use or income of the property transferred;..................................................................................
b. retain the right to designate who shall use the property transferred or its income;....................................
c. retain a reversionary interest; or..................................................................................................................
d. receive the promise for life of either payments, benefits or care?.............................................................
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without
receiving adequate consideration? ..... ............................................ ............................................. ..................... ,"
PLEASE ANSWER THE FOllOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
Yes
~
No
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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?...................................................................................................................... [!J 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 penallies of perjury. I declare that I halle examined this return. including accompanying schedules and statements, and to the besl of my knowledge and belief. il is true. correct and
complete. Declaralion of preparer other than the personal represenlatille is based on an information of which preparer has any knowledge.
SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN ADDRESS
eorgie Ann.M ges
DATE
80 Carpenter Lane
Newburg, PA 17240
JI-;)d-cJS-
DATE~-.
ADDRESS
DATE
SIGNATURE OF PRE PARER OTHER THAN REPRESENTATIVE
Brett B. Weinstein, Esquire
/I
ADDRESS
705 West OeKalb Pike
King of Prussia, PA 19406
I
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For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the
surviving spouse is 3% [72 P.S. S9116 (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%
[72 P.S. S9116 (a) (1.1) (if)]. 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. S9116 (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 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 or for the use of the decedent's siblings is 12% [72 P.S. 99116 (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.
Rev-15011 EX+ (6-911)
.
SCHEDULE E
CASH, BANK DEPOSITS,:& MISC.
PERSONAL PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Manges, Clair E.
FILE NUMBER
21-05-0071
Include the proceeds of litigation end the date the proceeds were received by the estate.
All property jolntly-owned with the right of survivorship must be disclosed on schedule F.
ITEM
NUMBER DESCRIPTION
VALUE AT DATE
OF DEATH
1 Orrstown Bank savings account no. 735442
8,160.54
TOTAL (Also enter on Line 5, Recapitulation)
8,160.54
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 fonn software only The Lackner Group, Inc.
Fonn PA-1500 Schedule E (Rev. 6-98)
Rev-1510 EX+ (6-98)
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SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
COMMONWEALTHOFPENNSYlVAN~
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Manges, Clair E.
FILE NUMBER
21-05-0071
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~.
ITEM DESCRIPTION OF PROPERTY DATE OF DEATH % OF DECO'S EXCLUSION TAXABLE
NUMBER INCLUDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND
THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE
1 AIG Annuity IRA contract no. CF002357 - 21,279.25 100.000 21,279.25
Beneficiary: Georgie Ann Manges, spouse
Accrued interest on Item 1 through date of death 54.29 100.000 54.29
2 Allstate annuity contract no. GA0583798 - 35,647.29 100.000 35,647.29
Beneficiaries: Georgie Ann Manges
Accrued interest on Item 2 through date of death 239.84 100.000 239.84
3 Hartford IRA annuity contract no. 710994879- 25,346.39 100.000 25,346.39
Beneficiary: Georgie Ann Manges, spouse
4 Hartford IRA annuity contract no. 711033334 - 131,354.49 100.000 131,354.49
Beneficiary: Georgie Ann Manges, spouse
5 John Hancock annuity contract no. BK3106270 - 14,000.00 100.000 14,000.00
Beneficiary: Georgie Ann Manges, spouse
Clair E. Manges Revocable Living Trust dated
7/17/03 - The decedent created a trust during his
lifetime. The assets in the trust on date of death
were as follows:
6 1.75-acre lot located in Shade Twp., Somerset 259.35 100.000 259.35
Co., Pa. - One-half interest; assessed value of
210.00 x common-level ratio factor of 2.47 x 1/2
7 48.549-acre lot located in Shade Twp., Somerset 30,492.15 100.000 30.492.15
Co., Pa. - One-half interest; assessed value of
24,690.00 x common-level ratio factor of 2.47 x
1/2
Total of Continuation Schedule(s) See attached page
TOTAL (Also enter on LIne 7, RecapitulatIon) \ 258,673.05
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc,
Form PA-1500 Schedule G (Rev. 6-98)
REV-1151 EX+ (12-99)
*'
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DeceDENT
ESTATE OF
Manges, Clair E.
Debts of decedent must be reported on Schedule I.
FILE NUMBER
21-05-0071
ITEM
NUMBER
A. FUNERAL EXPENSES:
DESCRIPTION
AMOUNT
See continuation schedule(s) attached
6,702.84
1.
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
B.
Social Security Number(s) I EIN Number of Personal Representative(s):
Street Address
City
Year(s) Commission paid
State _ Zip
2.
Attorney's Fees
Weinstein Law Offices PC
5,350.00
3.
Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant Georgie Ann Manges
Street Address 80 Carpenter Lane
City Newburg
3,500.00
Relationship of Claimant to Decedent
State
Spouse
PA
Zip
17240
4. Probate Fees
5. Accountant's Fees
6. Tax Return Preparer's Fees
7. Other Administrative Costs
TOTAL (Also enter on fine 9, Recapitulation)
15,552.84
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA.1500 Schedule H (Rev. 6-98)
Rev-1502 EX+ (6-911)
*'
SCHEDULE H-A
FUNERAL EXPENSES
continued
COMMONWEALTH OF PENNSYLVANIA
~HERrrANCETAXRETURN
RESIDENT DECEDENT
Manges, Clair E.
IFILE NUMBER
21-05-0071
ESTATE OF
ITEM
NUMBER
DESCRIPTION
AMOUNT
1
Fogelsanger-Bricker Funeral Home, Inc. - Funeral bill
6.702.84
Subtotal
6.702.84
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule H-A (Rev. 6-98)
SCHEDULE.J
BENEFICIARIES
(Part I, Taxable Distributions)
ESTATE OF:
Clair E. Manges 207-24-2033 10/29/2004
Item Name and Address of Person(s) Share of Estate Amount of Estate
Number Receiving Property Relationship (Words) ($$$)
1 Georgie Ann Manges Spouse Life estate in 239,649.50
80 Carpenter Lane credit-shelter trust
Newburg, PA 17240 and annuities
2 Clair E. Manges, jr. Son 1/5 of remainder 2,326.25
375 Ridge Road interest in
Bloomsburg, PA 17815 credit-shelter trust
3 Michael S. Manges Son 1/5 of remainder 2,326.25
12720 Stonewall Road interest in
Shippensburg, PA 17257 credit-shelter trust
4 Paula J. Taylor Daughter 1/5 of remainder 2,326.25
76 Carpenter Lane interest in
Newburg, PA 17240 credit-shelter trust
and 1/5 of annuity
5 Brian L. Manges Son 1/5 of remainder 2,326.25
1701 Cumberland Road interest in
Aurora, IL 60504 credit-shelter trust
6 Christine M. Johnson Daughter 1/5 of remainder 2,326.25
17055 Timmons Road interest in
Spring Run, PA 17262 credit-shelter trust
Total 251,280.75
1
REV.1514 EX+ (..QuI
*'
SCHEDULE K
LIFE ESTATE, ANNUITY
& TERM CERTAIN
(Check Box 4 on Rev-1500 Cover Sheet)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
EST ATE OF
Manges, Clair E.
FILE NUMBER
21-05-0071
This s?hedule is to b~ use~ for all sinQle life. joint or sl.!ccessive life estate and term certain calculations. For dates of death prior to 5-1-89.
~ctuanal fa~or~ for single hfe ~Iculabons can be obtamed from the Department of Revenue. Specialty Tax Unit. Actuarial factors can be found
In IRS Publication 1457, Actuanal Values. Alpha Volume for dates of death on or after 5-1-89.
Indicate the type of instrument which created the future interest below and attach a copy to the tax return.
o Will I81lntervivos Deed of Trust 0 Other
( NEAREST AGE AT TERM OF YEARS LIFE ESTATE IS
LIFE TENANT(S) DATE OF BIRTH DATE OF DEATH PAYABLE
Georgie Ann Manages 12/18/1940 64 ~ Life or o Term of Years
o Life or o Term of Years
o Life or o Term of Years
o Life or o Term of Years
1. Value of fund from which life estate is payable $ 23,359.20
2. Actuarial factor per appropriate table .50207
Interest table rate - o 31J'201o o &'/0 010% o Variable Rata
3. Value of life estate (Line 1 multiplied by Line 2) $ 11,727.95
NAME(S) OF NEAREST AGE AT PAYABLE
ANNUITANTS DATE OF BIRTH DATE OF DEATH
o Life or o Term of Years
o Life or o Term of Years
o Life or o Term of Years
o Life or o Term of Years
TERM OFYEARS ANNUITY IS
1. Value of fund from which annuity is payable
$
2. Check appropriate block below and enter corresponding (number)
Frequency of payout-O WeekIy(52) 0 Bi-weekIy(26) 0 MonlhIy(12) 0 Q.aB1y(4)
o Semkn1uaIy(2) 0 M1uaIy(1) 0 OCher
3. Amount of payout per period
4. Aggregate annual payment. Line 2 multiplied by Line 3
$
0.00
5. Annuity Factor (see instructions)
Interest table rate - 0 31J'201o 0 &'10 0 10% 0 Variable Rata
6. Adjustment Factor (see instructions)
$
7. Value of annuity - If using 31/2%.6%, 10% or if variable rate and period payout is at end of period,
calculation is: Line 4 x Line 5 x Line 6
If using variable rate and period payout is at beginning of period, calculation is:
(Line 4 x Line 5 x Line 6) + Line 3
N01E: The values of the funds which create the above future interests must be reported as part of the estate assets on Schedules A through G of
this tax return. The resulting life or annuity interest(s) should be reported at the appropriate tax rate on Lines 13. 15, 16. 17 and 18.
$
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule K (Rev. 6-98)
REV-1647 EX+ (9-00)
*'
SCHEDULE M
FUTURE INTEREST COMPROMISE
(Check Box 4a on Rev-1500 Cover Sheet)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Manges, Clair E.
This schedule Is appropriate only for Estates of decedents dying after December 12,1982.
This schedule is to be used for all future interests where the rate of tax which will be applicable when the future interest vests in
possession and enjoyment cannot be established with certainty.
Indicate below the type of instrument which created the future interest and attach a copy to the tax return
o Will 181 Trust 0 Other
FILE NUMBER
21-05-0071
I. Beneficiaries
NAME OF BENEFICIARY RELATIONSHIP DATE OF BIRTH PGElO
NEARESTBRTlI>AY
1. Georgie Ann Manges spouse 12/18/1940 64
2. Clair E. Manges, Jr. son 05/01/1964 40
3. Michael S. Manges son 02/27/1966 39
4. Paula J. Taylor daughter 04/28/1967 38
5. Brian L. Manges son 10/28/1968 36
II. For decedents dying on or after July 1, 1994, if a surviving spouse exercised or intends to exercise a right of wUhdrawal within 9
months of the decedent's death, check the appropriate block and attach a copy of the document in which the surviving spouse
exercises such withdrawal right.
o Unlimited right of withdrawal o Limited right of withdrawal
III. Explanation of Compromise Offer:
Part I continued: There is one additional beneficiary - Christine M. Johnson, daughter; date of birth
9/14/1970; age 34.
Explanation of Compromise: It is intended that decedent's spouse Georgie Ann Manges will not
exercise the 5&5 power given to her in Article Three, Section 3.04, and that her only withdrawals from
the trust during her lifetime will be her income interest.
<
:
IV. Summary of Compromise Offer: ,
1. Amount of Future Interest: 23,359.20
2. Value of Line 1 exempt from tax as amount passing to charities, etc.
(also include as part of total shown on Line 13 of Cover Sheet)
3. Value of Line 1 paSSing to spouse at appropriate tax rate 11,727.95
Check One 0 6% 03% Qs:I O~.
(also include as part of total shown on Line 15 of Cover Sheet)
4. Value of Line 1 taxable at lineal rate 11 ,631.25
06% DSI4.5% ,
(also include as part of total shown on Line 16 of Cover Sheet)
5. Value of Line 1 taxable at sibling rate (12%)
(also include as part of total shown on Line 17 of Cover Sheet)
6. Value of Line 1 taxable at collateral rate (15%)
(also include as part of total shown on Line 18 of Cover Sheet)
7. Total value of Future Interest (sum of Lines 2 thru 6 must equal Line 1) 23,359.20
----
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1S00 Schedule M (Rev. 6-98)
Rey.1151 EX (1.97) (I)
.
SCHEDULE 0
ELECTION UNDER SEq. 9113(A)
SPOUSAL DISTRIBUTIONS
COMMONWEALTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Manges, Clair E. 21-05-0071
Do not complete this schedule unless the estate Is making the election to tax assets under Section 9113(A) of the Inheritance & Estate Tax Act.
If the election applies to more than one trust or similar arrangement, a separate form must be filed for each trust.
This election applies to the Credit-Shelter Trust Trust (marital, residual A, B, By-pass, Unified Credit, etc.).
If a trust or similar arrangement meets the requirements of Section 9113(A), and:
a. The trust or similar arrangement is listed on Schedule 0, and
b. The value of the trust or similar arrangement is entered in whole or in part as an asset on Schedule 0,
then the transferor's personal representative may specifically identify the trust (all or a fractional portion or percentage) tD be Included in the election to have such trust
or similar property treated as a taxable transfer in this estate. If less than the entire value of the trust or similar property is included as a taxable transfer on Schedule O. the
personal representative shall be considered to have made the election only as to a fraction of the trust or similar arrangement. The numerator of this fraction is equal to
the amount of the trust or similar arrangement included as a taxable asset on Schedule O. The denominator is equal to the total value of the trust or similar arrangement.
Part A: Enter the description and value of all interests, both taxable and non-taxable, regardless of location, which pass to the decedent's
surviving spouse under a Section 9113 (A) trust or similar arrangement.
DESCRIPTION
VALUE
See continuation schedule(s) attached
Part A Total
23,359.20
Part B: Enter the description and value of all interests included in Part A for which the Section 9113 (A) election to tax is be ng made.
DESCRIPTION VALOE
See continuation schedule(s) attached
Part B Total 23,359.20
(If more space is needed, insert additional sheets of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA.1500 Schedule 0 (Rev. 6-98)
Rev-1502 EX+ (6-98)
*'
SCHEDULE 0
ELECTION UNDER SEC.. 9113(A)
(SPOUSAL DISTRIBUTIONS)
Part A. All Property
continued
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Manges, Clair E.
FILE NUMBER
21-05..0071
ITEM
NUMBER
DESCRIPTION
AMOUNT
1
Credit-Shelter Trust u/w/o Clair E. Manges
23.359.20
Subtotal
23.359.20
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule O-A (Rev. 6-98)
Rev-1502 EX+ (6-98)
*'
SCHEDULE 0
ELECTION UNDER SEC. 9113(A)
(SPOUSAL DISTRIBUTIONS)
Part B. Election Is Made
continued
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Manges, Clair E.
FILE NUMBER
21-05-0071
ITEM
NUMBER
DESCRIPTION
AMOUNT
1
Credit-Shelter Trust u/w/o Clair E. Manges
23.359.20
Subtotal
23.359.20
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule O-B (Rev. 6-98)
..~'.
LAST WILL AND TEST AMENT
(Pour-Over Will)
OF
CLAIR E. MANGES
IDENTITY t--:l
o ~g -'J
I, CLAlR E. MANGES, residing in the County of Cumberland, CommonweaJt~~nfcnnsy~nia. ;-; ~ e?
.... . . ~ '. J . . ..liP ,) (...
bemg of sound mmd and memory, and not actmg under duress or undue mfluence! -,Effiany person ' ,
-! '." I I \.~.;
whomsoever, hereby declare this to be my Last Will and Testament, and I do hereby revo~ alttlther ',::i_~
... ~_'_- ~. t.- \. .,1
former Wills and Codicils to Wills heretofore made by me. My Social Security Numberj~2;11)24-~~33" ,''',
:: :~! .... . '::. d'~
All reference made herein to "spouse or my spouse" refers to the person to whonrfam cU"9I1tJy ..' ~~~
, '-''1''
married, namely, GEORGIE ANN MANGES. By the ensuing provisions of this Will,}t is my intF.!3tion '.' >.:'2
to dispose of my interest in our property; I do not intend to dispose of anything belonging to my wi fg:Jbr to ' I
put her to any election.
I have the following children: Clair E. Manges, Jr., born May I, 1964; Michael S. Mange.v,
born February 27,1966; Paula J. Taylor, born April 28, 1967; Brain L. Manges, born October 28,1968;
and CllristilJe M. JollIIson, born September 14, 1970.
DEBTS, TAXES AND ADMINISTRATION EXPENSES
I have provided for the payment of all my debts, expenses of administration of property wherever
situated passing under this Will or otherwise, and estate, inheritance, transfer, and succession taxes, other
than any tax on a generation-skipping transfer that is not a liability of my Estate (including interest and
penalties, if any) that become due by reason of my death, under THE CLAIR E. MANGES AND
GEORGIE ANN MANGES REVOCABLE LIVING TRUST executed on even date hen:with (the
"Revocable Trust"), or if my spouse predeceases me, under the Survivor's Trust created by the said
Revocable Trust. If the Revocable Trust assets should be insufficient for these purposes, my Executor
shall pay any unpaid items from the residue of my Estate passing under this Will, without any
apportionment or reimbursement. In the alternative, my Executor may demand in a writing addressed to
the Trustee of the Trust an amount necessary to pay all or part of these items, plus claims, pecuniary
legacies, and family allowances by court order.
PERSONAL AND HOUSEHOLD EFFECTS
It is my intent that all my personal and household effects were transferred to the Revocable Trust
as a result of the Declaration ofIntent signed this date. If there are any questions regarding the ownership
or disposition of these assets, it is my desire that such assets pour into the Revocable Trust, signed by me
this date in accordance with the provisions ur tIll: section titled "Residue of Estate:'
RESIDUE OF ESTATE
I give, devise and bequeath all the rest, residue and remainder of my property of every kind and
description (including lapsed legacies and devices), wherever,situated and whether acquired before or
after the execution of this Will, to the Trustee under that certain Trust executed by me on the same date of
the execution of this Will. The Trustee shall add the property bequeathed and devised by thjs item to the
corpus of the above described Trust and shall hold, administer and distribute said property in accordance
with the provisions of the said Trust, including any amendments thereto made before my death.
POUR-OVER 'WILLS
Page I
(V- )rYl
Testator
If for any reason the said Trust shall not be in existence at the time of death, or if for any reason a
courl of competent jurisdiction shall declare the foregoing testaJinentary disposition to the Trw;tee under
said Trust as it exists at the time of my death to be invalid, then I give all of my Estate including the
residue and remainder thereof to that person who would have been the Trustee under the Trust, as
Trustee, and to their substitutes and successors w1der the Trust, described herein above, to be held,
managed, invested, reinvested and distributed by the Trustee upon the terms and conditions pertaining to
the period beginning with the date of my death as are constitut~d in the Trust as at present constituted
giving effect to amendments, if any, hereafter made and for that purpose I do hereby incorporate such
Trust by reference into this my Will.
EXECUTOR
I hereby nominate and appoint Georgie A"n Manges as my Independent Executor of this, my
Last Will and Testament, to serve without bond.
In the event the first named Executor shan predecease me or is unable or unwilling to act as my
Executor for any reasons whatsoever, then and in that event, I. hereby nominate and appoint Clair E.
lllanges, Jr. and Michael S. lllalJges to serve without bond as my Joint Executors.
In the event that one of the Joint Executors shan predecease me, or is unable or unwilling to act as
my Executor for any reason whatsoever, then and in the event I hereby nominate and appoint the
remaining Executor to serve without bond as my Independent'Executor.
Whenever the word "Executor" or any modifying or substituted pronoun therefore is used in this
my Wi11, such words and respective pronouns shall be held and taken to include both the singular and the
plural, the masculine, feminine and neuter gender thereof, and shall apply equally to the Executor named
herein and to any successor to substitute Executor acting hereunder, and such successor or substitute
Executor shall possess all the rights, powers, duties, authority, and responsibility conferred upon the
Executor origlnally named herein.
I
EXECUTOR POWERS:
By way of Illustration and not of limitation and in additipn to any inherent, implied or statutory
powers granted to executors generally, my Executor is specifically authorized and empowered with
respect to any property, real or personal, at any time held under any provision of this my WilL to allut,
allocate between principal and income, assign, borrow, buy, care tor, collect, compromise claims, contract
with respect to, continue any business of mine, convert, deal with, dispose of, enter into, exchange, hold,
improve, incorporate any business of mine, invest, lease, manage, mortgage, grant and exercise options
with respect to, take possession of, pledge, receive, release, repair, sell, sue for, make distributions in cash
or in kind of partly in each without regard to the income tax basis of such asset and in general, exercise all
of the powers in the management of my Estate which any individual could exercise in the management of
similar property owned in its O'W1J right upon such tenus and conditions as to my Executor may seem best,
and execute and deliver any and all instruments and do all acts which my Executor may deem proper or
necessary to carry out the purpose of this my Will, without being limited in any way by the specific grants
or power made, and without the necessity of a court order.
My Executor shall have absolute discretion, but shall notbe required, to make adjustments in the
rights of any Beneficiaries, or among the principal and income accounts to compensate for the
consequences of any tax decision or election, or of any investment or administrative decision, that my
executor believes has had the effect, directly or indirectly, of preferring one Beneficiary or group of
PUUR-OVER WILLS '
Page 2
C f, i.rt
Testator
Beneficiaries over others. In determining the Federal Estate and Income Tax liabilities of my Estate, my
Executor shall have discretion to select the valuation date and to determine whether any or all of the
allowable administration expenses in my Estate shall be used as Federal Estate Tax deductions or as
Federal Income Tax deductions and shall have the discretion to file a joint income tax retum with my
spouse.
<':ONT.I!:STS AND Sr.l!:CU'lC OMISSIONS
If any beneficiary under this will, singly or in conjunction with any other person or persons, directly or
indirectly:
1. contests in any court the validity of this will or, iIi any manner, attacks or seeks to impair or
invalidate any of its provisions; .
2. contests in any court the validity of the Testator'sffestatrix's Will or, in any manner, attacks or
seeks to impair or invalidate any of its provisions;
3. seeks to obtain an adjudication in any proceeding in ,any court that this trust or any of its
provisions or that Tcstator'srrestatrix's Will or any of its provisions is void;
4. claims entitlement by way of any written or ota} contract to any portion of the
Testator'sffestatrix's estate, whether in probate or under;this instrument;
5. unsuccessfully challenges the appointment of any person named as Executor or successor
Executor of the Testator'srrestatrix' sWill;
6. objects in any manner to any action taken or proposed to be taken in good faith by the Executor
of the Testator's/Testatrix's Will;
7. objects to any construction or interpretation of this Will, or any provision of it, that is adopted or
is proposed in good faith by the Executor;
8. unsuccessfully seeks the removal of any person acting as the Executor of the
Tcstator'srrestatrix's Will;
9. files any creditor's claim in Testator'srrestatrix's estate (without regard to its validity), whether
the claim arose before or after the date of this instrument, but excepting claims for cash advanced
or paid for expenses of the Testator'srrestatrix's last illness or funeral paid by said claimant;
10. attacks or seeks to invalidate any designation of beneficiaries for any life insurance policy on
Testator'srrestatrix's life;
11. attacks or seeks to invalidate any designation of beneficiaries for any pension or IRA or other
form of qualified or non-qualified asset or deferred compensation account, agreement or
arrangement;
12. attacks or seeks to invalidate any will which Testator/Testatrix has created or may create during
Testator' srrestatrix' s lifetime, or any provision thereof, as well as any gift which
Testator/Testatrix has made or will made during Testator'srrestatrix's lifetime, whether before or
after the date of this instrument;
13. attacks or seeks to invalidate any transaction by which Testator/Testatrix sold any assets (whether
to a relative of Testator'sffestatrix's or otherwise); or
14. refuses a request of Testator'srrestatrix's, Executor or other fiduciary to assist in the defense
against any of the foregoing acts or proceedings,
then that person's right to take any interest given to him or her bylthis tmst shall be detennined as it would
have been determined if the person had predeceased the execution of this will instrument without issue
surviving.
The provisions of the foregoing paragraph shall not apply to any disclaimer by any person of any benefit
POUR-OVER WILLS
Page 3
c:. E ;vr
Testator
r
r"
under this will. In the event that any of this provision is held to be invalid, void or illegal, the same shall
be deemed severable from the remainder of this provision and shall in no way affect, impair or invalidate
any other provision in this will; and jf such provision sha11 be deemed invalid due to its scope or breadth,
such provision shall be deemed to exist to the extent ofthe scope or breadth permitted by law.
SIMULTANEOUSDEATII
If my spouse and I should die under circumstances such that the order of our deaths cannot be
determined, then it shall be conclusively presumed for the purpQse of this Will that my spouse survived
mc.
If any other Beneficiary should not survive me for sixty (60) days, then it shall be conclusively
presumed for the purpose ofthis my Will that said Beneficiary predeceased me.
(J~~~*
c:CA1R E. MANGES
Testator
POUR-OVER WILLS
Page 4
r
"
. This instnlment consists of 6 typewritten pages, including the Attestation Clause, Self-Proving
Clause, signature of Witnesses, and acknowledgment of officer. I have signed my name at th7J'ouom of
each f the preceding pages. This instrument is being signed by me on this )7....=-. day of
.J-IJo:J .
~...............,..................,-~~
A TrEST ATION CLAUSE
'Ole Testator whose name appears above declared to us, the undersigned, that the fon:goiug
instrument was his Last wm and Testament, and he requested us to act as wi1l1esses to such instrument
and to his signature thereon. The Testator thereupon signed such instrument in our presence. At the
Testator's request, the undersigned then subscribed our names to the instrument in our own handwriting
in the presence of the Testator. The undersigned hereby declare, in the presence of each of us, that we
believe the Testator to be of sound and disposing mind and memory.
Signed by us on the same day and year as this Last Will and Testament was signed by the
Testator.
WITNESSES:
~K;AJ i {'JtuL
,Do L0t1 ~{Y)f (. I CIa! L
(Printed Name of Witness)
ADDRESSES:
3ffLf {)f/{JrbeJr1 (flL{tcA fa.
Ci:i;:;'~~J' Pit l"P-tfO.~
k ftjavk 11.~
Ke.v. Ma..1<- A - C.lo..l~
(Printed Name of Witness)
988Lf Of!-efbe,iJ chV\rd1 j)J'
AJeuJ~ rll /1;;.'10
City, State, Zip V 5 I
POUR-OVER WILLS
. Page 5
r: E /'N
Testator
COMMONWEAL Tll OF PENNSYLVANIA
COUNTY OF CUMBERLAND
SELF-PROVING CLAUSE
dersigned au~~)tis~OnallY appeared CLAIR E. MANGES,
and . , known to mt: to be the
estator and the wi esses, respectively, whose names are subscribed to the foregoing instrument in their
respective capacities, and all of them being by me duly sworn, CLAIR E. MANGES, Testator, declared to
me and to the witnesses, in my presence, that the instrument is his Will and that he had willingly made
and ex.ecuted it as his free act and deed for the purposes therein expressed; and the Witnesses, each on his
Of her oath, stated to me in the presence and hearing of the Testator, that the Testator haQ declared to them
that the instrument is his Will and that he executed the same as such and wanted each of them to sign it as
a witness; and upon their oaths, each witness stated further that he did the same as a witness in the
presence of the Testator, and at his request and that he was at that time eighteen (18) years of age or over
and was of sound mind. and that each ofthe witnesses was then at least fourteen (14) years of age.
g:~ ~ .~
C[ 'E. MANGES ~
Testat
4:3~~L
(Printed Name of Witness)
w&: ~ dCk/
~e\/. 1~f"U. CbrJ(
(Printed Name of Witness)
SUBSCRIBED AND ACKNOWLEDGED 1;re m~AWANG. ES. Testator, and
subscribe nd sw m b fore me by ~ ~ eI cmu
__ ,,' ", witnesses, this the ) 7 day of
~~
ot ry Public.
( )
\.../ NOTARIAL SEAL
JEROME 1. lEWIS, NOTARY PUBliC
TREOYfFRIN TWP., CHESTER COUNTY
MY COMMISSION ()(PIRES SEPT. 25 2006
POUR-OVER \VILLS
Page 6
-r~--
REVOCABLE LIVING TRUST AGREEMENT
Ih
AGREEMEN,:f AND DECLARATION OF TRUST, made effective the J 7 ./ day of
, 2~ between CLAIR E. MANGES AND GEORGIE ANN MANGES,
nd "wife, residents of the County of Cumberland, Commonwealth of Pennsylvania, as Grantors,
L E. MANGES AND GEORGIE ANN MANGES, as Settlors, and CLAIR E. MANGES AND
EORGIE ANN MANGES, as Co-Trustees;
WITNESSETH;
WHEREAS, in order to provide the future comfort and security of themselves and the other
beneficiaries hereafter mentioned, Grantors desire to create a revocable trust for the purposes hereinafter
set forth;
ARTICLE ONE
Terms olthe Trust
Section 1.01 - Trust Estate Defined
NOW, THEREFORE, in consideration of the premises and of the mutual covenants herein contained, this
Revocable Trust is formed to hold title to real and personal property for the benefit of the Scttlors of this
Trust and to provide for the orderly use and transfer of these assets upon the death of the Settlors. The
"Trust Estate" is defined as all property transfelTcd or conveyed to and received by the Trustee held
pursuant to the terms of this instrument. The Trustee is required to hold, administer, and distribute this
property as provided in this Trust Agreement.
The name of this Trust Agreement shall be:
THE CLAIR E. MANGES AND GEORG$: ANN MANGES
REVOCABLE LIVING TRUST AGREEMENT
7/7
/
DATED
20 OJ
, -
Section 1.02 - Definitions of Terms
In the interpretation or construction of the provisions of this Trust Agreement, the following words and
phrases shall have the meanings set forth below:
1. The term "Husband" shall mean CLAIR E. MANGES
2. The term "Wife" shall mean GEORGIE ANN MANGES.
3. The term "Settlor" shall refer individually and collectively to Husband and Wife.
4. The term "Descendant" shall mean the lawful issue of a deceased parent in the line of
descent, but does not include the issue of any parent who is a descendant of the deceased
person in question and who is living at the time in question.
REVOCABLE LIVING TRUST AGREEMENT
Page 1
5. The terms "Child" and "Descendant" include any issue born to decedent, a child legally
adopted by the decedent, and a posthumous child of a decedent. A posthumous child is to
be considered as living at the time of his or her parent's death.
6. The term "Survives" or "Surviving", unless o"therwise indicated herein, shall be construed
to mean surviving the decedent for at least sixty~.( 60) days. If the person referred to dies
within sixty (60) days of the death of the decedent, the reference to him or her will be
construed as if he or she had failed to survived tbe decedent; provided, however, that any
such person will have, during such period, the right to the use and enjoyment as a life
tenant of all property in which his or her interest will fail by reason of death during such
period.
7. The term "Issue" will include all natural and adopted children, if applicable, and
descendants and those legally adopted into the line of descent.
8. The term "Per Stirpes" means strict per stirpes and does not mean per capita with
representation. Beneficiaries entitled to take under a "per stirpes" clause will include
both natural and adopted children and their descendants.
9. The terms "Trust Assets" and "Trust Estate" include all assets of any trust created
hereunder and income derived from such assets and all proceeds of any description
derived from the sale, exchange, or other disposition of such assets.
10. When required to give reasonable effect to the context in which used, pronouns in the
masculine, feminine, or neuter gender include each other, and nouns and pronouns in the
plural or singular number include each other."
Section 1.03 - Trustee Designation
Husband and wife are hereby designated as Co-Trustees. The Co-Trustees shall serve jointly and
severally and either shall have full authority to act for the Trust independently. Should either husband or
wife become unable because of death, incapacity, or other cause to serve as a Co-Trustee, or should either
resign as Co-Trustee before the natural termination of this Trust, the remaining Co-Trustee, husband or
wife, shall thereafter serve as sole Trustee. The term "Trustee" as used in this Trust Agreement shall refer
collectively to husband and wife so long as they serve as Co-Trustees, to the spouse who serves as the
sole Trustee, and/or to any Successor Trustee who assumes the: role of Trustee. These Trustees shall
serve in the order as provided in Section 9.0 I of this Trust Agreement.
Section 1.04 - Additions to Trust Properties
1. The Trustee, at any time during the continuance of this Trust in his or her sole discretion
after consideration of the possible tax consequ~nces to all concerned, is authorized to
receive into the Trust additions of cash and other properties from any source whatsoever,
whether by gift, will, or otherwise. However, the Trustee shall accept all assets which
any person or persons may give, devise, or bequeath by Last Will and Testament to this
Trust, and shall accept all assets transferred to this Trust pursuant to the provisions of any
other Trust document or documents.
2. In addition, any person or persons may designate this Trust as the Beneficiary, Primary or
Contingent, of any death benefits to include insurance benefits, pension benefits, or other
benefits. Until such benefits mature, the Trustee shall have no responsibility with respect
to those benefits.
REVOCABLE LIVING TRUST AGREEMENT
Page 2
-!~
Section 1.05 - Apportionment
The Trustee of the Trust is directed to apportion receipts and e~penditures of the types described below
between principal and income as follows: '
1. Whenever the principal, or any part thereof, of the Trust property is invested in securities
purchased at a premium or at a discount, any premium will be charged against principal
and any discount will be credited to principal;
2. Any stock dividends and rights to purchase additional stock issued on securities held in
trust will be treated as principal. All other dividends, except liquidating distributions,
will be treated as income; and
3. The amount of any applicable depletion allowance for federal income tax purposes will
be treated as income. .
Section 1.06 - Administration of Trust During Our Lifetime
During our lifetime, the trust shall be held and administered as follows:
I. All property and other assets transferred to this trust shall be allocated to and held in
separate shares, the first such share being designated the "Clair E. Manges Trust Share"
and the second share being designated the" Georgie Ann Manges Trust Share".
2. Each Grantor's separate Trust Share shall be composed of the assets as follows:
a. The Grantor's one-half interest in jointly held property transferred to the Trust;
and
b. The Grantor's individually owned property which is transferred to the Trust.
While each share shall be held and administered separa~ from the other, for tax and accounting
purposes, the Trustee is authorized to hold or invest the separate shares in common investments
and co-ownership of assets.
3. The Trustee shall pay to or apply for the benefit of CLAIR E. MANGES all of the net
income of the CLAIR E. MANGES Trust 'Share, in convenient installments, not less
often than quarter-annually, and in addition thereto, shall pay so much of the income and
principal of such Trust Share to or for the benefit of CLAIR E. MANGES as he may
direct from time to time, or in the absence of a direction, as the Trustee may determine to
be advisable for his medical care, support, maintenance, and general welfare.
4. The Trustee shall pay to or apply for the benefit .of GEORGIE ANN MANGES all of the
net income of the GEORGIE ANN MANGES Trust Share in convenient installments, not
less often than quarter-annually, and in addition thereto, shall pay so much of the income
and principal of such Trust Share to or for the benefit of GEORGIE ANN MANGES as
she may direct from time to time, or in the absence of a direction, as the Trustee may
determine to be advisable for her medical care, support, maintenance, and general
welfare.
REVOCABLE LIVING TRUST AGREEMENT
Page 3
All property that a Settlor transfers to the Trustf:e pursuant to this instrument which was
community property, quasi-community property', or separate property at the time of the
transfer shall remain respectively community property, quasi-community property, or the
. ;
separate property of the Settlor transferrmg such:property to the Trust.
Community and quasi-community property transferred to the Trustee by the Settlors shall
be their community property and treated as such. This property, as invested and
reinvested, together with the rents, issues, and profits therefrom (hereinafter referred to as
the "Community Estate" or the "Community Property") shall retain its character as
community property during the joint lifetimes of the Settlors in spite of any change in the
situs of the Trust, subject, however, to the provisions of this Agreement.
Section 1.07 - Discretionary Termination
The Trustee may terminate any Trust when, in the opinion of the' Trustee, the principal is reduced to such
an extent that it is not in the best interest of the Beneficiary or Beneficiaries to continue the Trust. The
judgment of the Trustee with respect to this decision to terminate will be final and not subject to judicial
review. If the Trustee terminates a Trust according to this Section, the date the Trust terminates will be
deemed the date fixed for temlination of the Trust, and the Trustee will distribute the assets of the
terminating Trust to the Beneficiary or Beneficiaries pursuant to this Agreement.
Section 1.08 - Amendment and Revocation
We hereby retain the following powers, exercisable at any time during our lifetimes:
1. To withdraw any of the property included in our separate share of the Trust Estate by
giving the Trustee written notice specitying the'property so withdrawn, in which event,
the Trustee shall promptly transfer and deliver such property to us or our designee.
2. To amend the provisions of this Trust declaration in any respect without the necessity of
securing the consent of the Trustee to such c,hanges, in which event, a copy of the
amendment shall be promptly furnished to the Tt.ustee; provided, however, that following
the death of one of us, the survivor shall have no power to amend the tenDS of the Trust
declaration with respect to the Trust Share of th~ first of us to die.
3. To revoke this Trust by giving the Trustee wrilten notice of such revocation, in which
event, the Trustee shall promptly transfer and deliver the property constituting the Trust
Estate to us or our designee together with an accounting therefore; provided, however,
that following the death of one of us, the survivor shall have no power to revoke the
terms of the Trust declaration with respect to the, Trust Share of the first of us to die.
Section 1.09 - Revocation or Alteration by Settlor Alone
The rights of revocation, withdrawal, alteration, ~nd amendment reserved in this Article m<lY only bc
exercised by the Settlor and may not be exercised by any other person, including an agent, a guardian, or
a conservator.
Section 1.10 - Irrevocability
Except as otherwise provided, on the death of either Settlor, the designation of Beneficiaries of specific
gifts in this Trust shall become irrevocable and not subject to amendment or modification.
REVOCABLE LIVING TRUST AGREEMENT
Page 4 '
Section 1.11 - Settlor Powers
The surviving Settlor shall be the Trustee unless and until he or she resigns in writing or is detennincd
incompetent under the tenns provided herein. The surviving Settlor shall retain all absolut{: rights to
discharge or replace any Successor Tmstee of any portion or share of the Trust which is revocable by the
surviving Settlor so long as the Settlor is competent.
ARTICLE TWO
Trust Admillistratioll
Section 2.01 - Trust Income
During the joint lives of the Settlors, the Trustee shall at least anrlIually, unless otherwise direcwd by both
Settlors in writing, pay to or apply for the benefit of husband ~nd wife, all of the net income from the
Trust Estate in the same proportions as each ofthe spouse's respective interests in the Trust Estate.
\
Section 2.02 - Protection of Settlor in Event of Incapacity.
During the joint lives ofthe Settlors, should either Settlor become incapacitated as defined in Section 2.03
below, the Trustee may, in the Trustee's absolute discretion, pay income and principal for the benefit of
the incapacitated Settlor. In addition, the Trustee, in his or her ~bsolute discretion, may pay to or apply,
for the benefit of that Settlor, such sums from the net income' and from the principal of the Settlor's
separate Estate as the Trustee believes is necessary or advisable for the medical care, comfortable
maintenance, and welfare of the Settlor.
Section 2.03 - Incapacity
I. A person is detetmined to be incapacitated if any Trustee or Beneficiary hereunder comes into
possession of any of the following:
a. A jurisdictionally applicable court order holding the party to be legally incapacitated to
act on his or her behalf and appointing a guardian or conservator to act for him or her; or
b. Written certificates which are duly executed, witnessed, and acknowledged of two
licensed physicians, each certifying that the physician has examined the person and has
concluded that, by reason of accident, mental d~terioration, or other cause, such person
'has become incapacitated and can no longer act rationally and prudently in his or her own
financial best interest; or
c. Evidence which such Trustee or Beneficiary deems to be credible and currently
applicable that a person has disappeared, is unaccountably absent, or is being detained
under duress, and that he or she is unable to effec:tively and prudently look after his or her
own best interests, then in that event and under those circumstances:
I
1) Such person is deemed to have become incapacitated, as that ternl is used in this
Trust agreement; and !
2) Such incapacity is deemed to continue until such court order, certificates, and I or
circumstances are inapplicable or have been ~evoked.
REVOCABLE LIVING TRUST AGREEMENT
Page 5
n"V -
I
2. A physician's certificate to the effect that the person is no longer incapacitated shall revoke a
certificate declaring the person incapacitated. The certificate which revokes the earlier certificate
may be executed by either the original certifying physician or by two other licensed, board
certified physicians. No Trustee shall be under any duty to institute any inquiry into a person's
possible incapacity. The reasonable expense of any such inquiry shall be paid from the Trust
Assets.
Section 2.04 - Principal Invasion
During the joint lives of the Settlors, should the net income of assets contained in this Trust be
insufficient to provide for the care, maintenance, or support of the Settlors as herein defined, the Trustee
may, in the Trustee's sole and absolute discretion, pay to or apply for the benefit of the Settloni or either
of them, or any of their dependents, such amounts from the principal of the Trust Estate as the Tmstee
deems necessary or advisable for the care, maintenance, or support of the Settlors.
Section 2.05 - Residence
If the Settlor's residence property is a part of the Trust, the Settlors shall have possession of and full
management of the residence and shall have the right to occupy it free of rent. Any expenses arising from
the maintenance of the property and from all taxes, liens, assessments, and insurance premiums, are to be
paid from the Trust to the extent that assets are available for payment. It is the intent of the Settlors to
retain all homestead rights available to them under the applicable state law.
ARTICLE THREE
Administration upon Deat" of First Settlor
Section 3.01 - Provisions After The }'irst Death
On the death of either Settlor leaving the other Settlor surviving him or her, the Trustee shall collect all
insurance proceeds payable to the Tmstee by reason of such death and all bequests and devises
distributable to the Trust Estate.
Section 3.02 - Control of Assets
The surviving spouse may, at any time by written notice, require the Trustee either to make any
nonproductive property of this Trust productive or to convert productive property to nonproductive
property, each within a reasonable time. The surviving spouse may further require the Trustee to invest
part or all of this share of Trust Assets for the purpose of maximizing income rather than growth or
growth rather than income.
Section 3.03 - Division into Shares
1. Upon the death of either Settlor, if the deceased Settlor is survived by the other Settlor, the
deceased's individual Tmst Share, including any additions made by reason of the deceased
Settlor's death, shall be divided into two shares.
2. The Trustee, in his or her sole discretion, may defer the division or distribution of the deceased's
individual Trust Share until six months after the deceased Trustor's death. If the division or
distribution of the deceased's individual Trust Share is so deferred, the deferred division or
distribution shall be made as if it had taken place at the time prescribed above. In addition, all
REVOCABLE LIVING TRUST AGREEMENT
Page 6
rights given to the Beneficiaries under the provisions of tjlis Trust Agreement which follow shall
be considered to have accrued and vested as of that prescribed time.
3. Upon the death of the first Settlor to die ("Predeceased Spouse"), the Trustee shall divide the
deceased's individual Trust Share (which shall include any property which may be added from
the Predeceased Spouse's general estate) as follows:
a. The Trustee shall divide the balance of the deceased Trustor's individual Trust Share into
two (2) separate shares (hereinafter designated as "Share A" and "Share B"). Share B
shall be composed of cash, securities, and/or other property of the deceased's individual
Trust Share (undiminished by any estate, inheritance, succession, death, or similar taxes)
having a value equal to the maximum marital deduction as finally determined in the
Predeceased Spouse's federal estate tax proceedings, less the aggregate amount of marital
deductions, if any, allowed for such estate tax purposes by reason of property or interest
in property passing or which have passed to' the Surviving Spouse otherwise than
pursuant to the provisions of this paragraph; provided, however, that the amount of Share
B hereunder shall be reduced by the amount, if any, needed to increase the Predeceased
Spouse's taxable estate (for federal estate tax p~rposes) to the largest amount that, after
allowing for the unified credit against federal estate tax and the state death tax credit
against such tax (but only to the extent that the use of such state death tax credit does not
increase the death tax payable to any state), will result in the smallest (if any) federal
estate tax being imposed on the Predeceased Spouse's estate. The term "Maximum
Marital Deduction" shall not be construed as a direction by the Predeceased Spouse to
exercise any election respecting the deduction: of estate administration expenses, the
determination of the estate tax valuation date, or any other tax election which may be
available under any tax laws, only in such manner as will result in a larger allowable
estate tax marital deduction than if the contrary election had been made. The Trustee
shall have the sole discretion to select the assets which shall constitute Share B. In no
event, however, shall there be included in Share B any assets or the proceeds of any asset
which will not qualify for the federal estate tax. marital deduction. Share B shall be
reduced to the extent that it cannot be created with such qualifying assets. The Trustee
shall value any asset selected by the Trustee for !ctistribution in kind as a part of Share B
at the value of such asset at the date of distribution of such asset. The balance of the
deceased's individual Trust Share, after the assets have been selected for Share B, shall
be allocated to Share A.
Share A and Share B shall be administered and distributed as her~inafter set forth.
Section 3.04 - Credit Shelter Trust
If either of the Settlors survives the other, the Trustee shall set apart and hold as a separate trust (the
"Credit Shelter Trust") the assets referred to as Share A in Section 3.03 above. The Trustee shall hold,
manage, invest, and reinvest the assets ofthis Credit Shelter Trust, shall collect the income therefrom, and
shall pay the net income to or for the benefit of the surviving Settlor in convenient installments at least
quarter-annually; provided, however, that the surviving Grantor may elect to pass any portion of said
income to the remainder Beneficiaries of the Trust.
In addition, the Trustee may pay to or for the benefit of the surviving Settlor for the health, education,
maintenance, or support of the surviving Settlor, any part or all of the principal of this Trust, as the
Trustee may determine in its sole discretion, without considering other resources available to the
surviving Settlor. The surviving Settlor shall have the right to demand and receive, from the principal of
this Trust in each of its fiscal years, the greater of five thousand dollars ($5,000.00) or five percent (5%)
REVOCABLE LIVING TRUST AGREEMENT
Page 7
of the fair market value of such principal determined as of the iast day of such fiscal year. Such right
shall lapse to the extent it is not exercised in any year. Any commission payable with respect to principal
so withdrawn shall be charged against such principal.
No person, who at any time is acting as Trustee hereunder, shall have any power or obligation to
participate in any discretionary authority which the Settlor has given to the Trustee to pay principal or
income to such person, or for his or her benefit or in relief of his or her legal obligations; provided,
however, that if an individual Trustee has discretion to invade principal for himself or herself and such
discretionary authority is limited by an ascertainable standard, then such Trustee may invade principal (if
limited by such standard) for himself or herself, but not in relief of his or her legal obligations.
I
The plan of distribution and all terms of this Credit Shelter Trust shall be irrevocable and unamenable at
any time after said Credit Shelter Trust comes into being. .
The Credit Shelter Trustee(s) shall invest the assets of the Credit Shelter Trust to produce a reasonable
income for the benefit of the surviving Grantor without subject~lg the principal to unreasonable risk of
loss. The Credit Shelter Trustee(s) shall be authorized and empowered to invest, reinvest, manage,
transfer, and convey any and all property held in this Credit Shelter Trust, including all powers now or
hereafter conferred upon Trustees by applicable state law, and als.o those power appropriate to the orderly
and effective administration ofthe Trust.
The Credit Shelter Trustee(s) shall make a written accounting to all income and remainder Beneficiaries
or to their guardians at least annually and at the time that all assets of this Credit Shelter Trust are
distributed. Said accounting shall consist of a record showing assets on hand at the time of the last
accounting, plus additions, minus expenses and distributions, which shall equal cun'ent assets on hand.
The Credit Shelter Trustee(s) shall not be required to obtain authority or approval of any court in the
exercise of any power conferred upon the Trustee(s), nor sh~ll said Trustee(s) be required to make
accountings or reports to any court.
Upon the death of the surviving Settlor, any accrued income shall be paid to the estate of the surviving
Settlor and the remaining principal of this Credit Shelter Trust shall be held, administered, and disposed
of in accordance with the dispositive provisions of this agreement.
Section 3.05 - Qualified Terminable Interest Trust
If either of the Grantors survives the other and there are assets allocated to Share B described in Section
3.03 above, then the Trustee shall set apart said assets and hold them as a separate trust (the "Qualified
Tenninable Interest Trust"). The Trustee shall hold, manage, invest, and reinvest the assets of this
Qualified Terminable Interest Trust, shall collect the income the~efrom, and shall pay the set income to or
for the benefit of the surviving Grantor in convenient installments at least quarter-annually.
Upon the surviving Grantor's death, any accrued, undistribuied income shall be distributed to said
surviving Grantor's estate. The remaining principal shall be added to and become part of the Credit
Shelter Trust and shall be held and administered and disposed of in accordance with the plan of
distribution for the Credit Shelter Trust as provided in Sections 3.04 and 4.03, after provision has first
been made for the payment of any estate, inheritance, transfer, succession, or other death taxes, payable
by reason of the inclusion of the value of the Trust property in swd surviving Grantor's estate.
The Trustee(s) of the Qualified Terminable Interest Trust are bereby authorized, in the Trustee(s) sole
discretion, to detennine whether to elect (under Section 2056(b)(7) of the Internal Revenue Code) to
qualify all or a specific portion of the Qualified Terminable. Interest Trust created herein for the federal
estate tax marital deduction. The Trustee(s) of the Qualified Terminable Interest Trust, in exercising such
REVOCABLE LIVING TRUST AGREEMENT
Page 8
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discretion, shall attempt to minimize, or eliminate if possible, the federal estate tax payable by the estate
~
of the decedent spouse's estate. ,
However, if the Trustee(s) of the Qualified Terminable Interest Trust determine that it is in the best
interest of the persons who may receive any assets after the decedent spouse's death and after the
surviving Grantor's death to pay some federal estate tax in the decedent spouse's estate, taking into
consideration any other tax that is to be paid because of the decedent spouse's death and the surviving
Grantor's death, and any income tax liability that may be affected by the election, the Trustee(s) of the
Qualified Terminable Interest Trust may elect to take a marital deduction that does not reduce the tax to
zero if the payment of the tax will not jeopardize the ability of thie Qualified Terminable Interest Trust to
provide the surviving spouse with the level of support and maint(fnance contemplated by this Declaration
of Trust. The decision of the Qualified Terminable Interest Trustee(s) to make this election shall be final
and binding on all persons.
The Trustee(s) of the Qualified Terminable Interest Trust is (are) authorized and empowered to invest,
reinvest, transfer, and convey any and all property held in this Qualified Terminable Interest TlUst. This
includes all power now or hereafter conferred upon Trustees by applicable state law, and also those
powers appropriate to the orderly and effective administration of the Trust.
The Trustee(s) shall make a written accounting to the surviving Grantor at least annually and shall make a
written accounting to all remainder Beneficiaries at the time that all assets of this Qualified Terminable
Interest Trust are distributed.
Section 3.06 - Power to Appoint Agents
The surviving spouse shall have the right to retain an accountant and I or an attorney at law for
professional services on behalf of the Trust Estate or Estates herein. The surviving spouse shall not be
responsible for the acts of such agents beyond his or her obligation to use reasonable care in the selection
of such agents.
Section 3.07 - Maximum Marital Deduction
Except as otherwise expressly stated herein, the term "Maximum Marital Deduction" shall not be
construed as a direction by the deceased Settlor to exercise any election respecting the deduction of Estate
administration expenses, the determination of the Estate tax valuation date, or any other tax election
which may be available under any tax laws, only in such manner ~s will result in a larger allowable Estate
tax marital deduction than if the contrary election had been made",
Section 3.08 - Trust Income After The First Death
Following the death of either Settlor and until the death of the surviving Settlor, the Trustee shall, at least
annually, pay to or apply for the benefit of the surviving Settlor all of the net income from the Trust
Estate,
Section 3.09 - Simultaneous Death
If the Settlors should die under circumstances which would render it doubtful as to which Settlor died
first, it shall be conclusively presumed for the purposes of this Trust that Clair E. Manges died first. If
any other Beneficiary and a Settlor should die under such circumstances, it shall be conclusively
presumed that the Beneficiary predeceased such Settlor.
REVOCABLE LIVING TRUST AGREEMENT
Page 9
Section 3.10 - Last Expenses
Upon the death of each of the Settlors, the Trustee of this Trust may, in its discretion, pay any part of or
all of the funeral and burial expenses, probate claims, administration expenses, and any estate,
inheritance, succession, or other death taxes, which are payable, as a result of the death of each of the
Settlors, out of that portion of the Trust Estate constituting the deceased Settlor's separate Trust Share.
The Trustee may make any such payments directly to the creditors or taxing authority in question, or may
remit funds to the personal representative of the Estate of the deceased spouse for such payments.
ARTICLE FOUR
Adlllillistrationldistribution of Survlvor's Trust
Section 4.01 - Common Pot Trust
At the death of the Surviving Settlor, the Trustee shall not create a Common Pot Trust. All of the Trust
Estate that has not been distributed under prior Articles of the Trust Agreement shall be held,
administered, divided, and distributed according to the provision~ that follow.
Section 4.02 - Second Death
On the death of the last Settlor to die (the "Surviving Settlor"), the Trustee shall distribute the principal of
the Trust and any accrued or undistributed income from the principal of the Trust in such a manner and to
such persons, including the Estate or the Creditors, as directed in this Trust Agreement.
Section 4.03 - Payment of The Second Death Expenses
On the death of the Surviving Settlor, the Trustee shall pay' from that portion of the Trust Estate
constituting the deceased Settlor's separate Trust Share the expenses of the surviving Settlor's last illness,
funeral, burial, and any inheritance, estate, or death taxes that may be due by reason of the Surviving
Settlor's death, unless the Trustee in his or her absolute. discretion determines that other adequate
provisions have been made for the payment of such expenses and taxes.
Section 4.04 - Trust Income and Principal Distribution Upon The Death of The Surviving Trustor
1. The Trustee shall apply and distribute the net income and principal of each of the shares of the
resulting Trust Estate, after giving effect to the section df this Trust Agreement entitled "Special
Directives" to the following Beneficiaries in the indicated fractional shares:
Clair E. Manges, Jr.
Michael S. Mallges
Paula J. Taylor
Brai" L Mallges
C/Zristine M. Jollnso"
1/5
1/5
1/5
1/5
1/5
2. If any of the above Beneficiaries, or any other Beneficiary, is under the age of 21 years when the
distribution is to be made, the Trustee shall have authority to distribute the same, in whole or in
part, to a custodian for the minor appointed under a Uniform Gifts or Transfers to Minors Act, or
the Trustee may retain any such property and administer'and distribute the same for the benefit of
the minor, paying to or for the benefit of such minor so much of the income and principal of the
retained property from time to time as the Trustee deems advisable for the health, education,
support, and maintenance of the minor. When the person for whom the property is held attains
REVOCABLE LIVING TRUST AGREEMENT
Page 10
~.
the age of 21 years, the property shall thereupon be distributed to him or her free of trust unless
otherwise stated in this Agreement. If the minor should die before attaining the age of majority,
the property shall then be paid and distributed to the estate of the minor.
3. Ifall of the Settlor's Beneficiaries and their children should fail to survive the final distribution of
the Trust Estate, all of the Trust Estate not disposed of as hereinabove provided shall be
distributed as provided for in this Trust Agreement.
Section 4.05 - Principle of Representation
Unless indicated differently in this Trust Agreement or in the "Special Directives" section that follows, in
the event any of the named Beneficiaries should predecease both Settlors, all of that person's share of the
Trust Estate is to be divided equally among the deceased Beneficiary's children or issue per stirpes. In
the event the predeceased Beneficiary leaves no surviving children or issue, then all of that person's share
of the Trust Estate shall be divided equally among the remaining Beneficiaries per stirpes.
If a Beneficiary of the Settlors survives both Settlors, but should fail to survive to collect his or her share
at distribution, that share shall pass to the surviving issue ofthat deceased Beneficiary per stirpes and with
right of representation.
ARTICLE FIVE
Trustee Powers & Provisio1ls
Section 5.01 - Non-Income Producing Property
During the joint lives of the Settlors, the Trustee is authorized to retain in the Trust, for so long as the
Trustee may deem advisable, any property received by the Trustee from the Settlors, whether or not such
property is ofthe character permitted by law for the investment of Trust funds.
Section 5.02 - Trustee Powers
The Trustee shall have all powers conferred upon a Trustee by law for the orderly administration of the
Trust Estate. If any property is distributed outright under the provision of this Trust Agreement to a
person who is a minor, distribution may be made under the Pennsylvania Uniform Transfer to Minors Act
("P AUTMA"). The Trustee is further authorized to sign, deliver, and/or receive any documents necessary
to carry out the powers contained within this Section.
The Trustee of any trust created under this Trust Agreement (including any substitute or successor
Trustee) will have and be subject to all of the powers, duties, and responsibilities granted or imposed by
the Pennsylvania Consolidated Statutes (20 Pa. C.S. Section 101 et seq.) as such Statute may provide at
the time of administration of the Trust, except to the extent that the same are inconsistent with the
provisions of this Agreement.'
Section 5.03 - Specific Powers of Trustee
In addition, the Trustee will have the following specific powers: !
1. Trust Estate: The Trustee may leave invested any property coming into its hands hereunder in
any form of investment even though the investment may not be of the character of investments
permitted by law to trustees, without liability for loss or!depreciation in value. The Trustee may
sell, mortgage, exchange, or otherwise dispose of and re~nvest property which may at any time be
REVOCABLE LIVING TRUST AGREEMENT
Page II
..,.
a part of the Trust Estate upon such terms and conditio;ns as the Trustee may deem advisable.
The Trustee may invest and reinvest the Trust Assets from time to time in any property, real,
personal, or mixed, including without limitation, securities of domestic and foreign corporations
and investment trusts or companies, bonds, debentures, preferred stocks, common stocks,
mortgages, mortgage participation, and interests in cQmmon trust funds, all with complete
discretion to convert realty into personalty or personalty into realty or otherwise change the
character of the Trust Estate, even though such investment (by reason of its character, amount,
proportion to the total Trust Estate, or otherwise) would not be considered appropdate for a
fiduciary apart from this provision and even though such investment caused part or all of the total
Trust Estate to be invested in investments of one typeor of one business or company.
2. Holding Property: The Trustee may hold property in the Trustee's name, as trustee, or in the
name of a nominee without disclosing the Trust.
3. Release of Power: If the Trustee deems it to be in the best interest of the Trust and its
Beneficiaries, the Trustee, by written instrument signed by such Trustee, will have the power and
authority to release, disclaim, or restrict the scope of any power or discretion granted in this Trust
Agreement or implied by law.
4. Agents, Employees: The Trustee may employ one or more agents to perfonn ally act of
administration, whether or not discretionary, including attorneys, auditors, investment managers,
or others, as the Trustee shall deem necessary or advisable. The Trustee may compensate agents
and other employees and may delegate to them any and an discretions and powers.
I
5. Leases: The Trustee may lease any Trust Assets generally or for oil, gas, and mineral
development, even though the lease term may extend be%nd the term of the Trust of which the
property is a part. The Trustee may enter into any covenants and agreements relating to the
property so leased or concerning any improvements which may then or thereafter be erected on
such property.
6. Common Funds: The Trustee may hold any of the Trusti Assets in a common fund with property
from other trust estates and may make investments jointly with any other trust, the property of
which is included in the common fund.
7. Securities: With respect to securities held in the Trust Estate, the Trustee may exercise all the
rights, powers, and privileges of an owner, including but not limited to, the power to vote, give
proxies, and to pay assessments and other sums deepled by the Trustee necessary for the
protection of the Trust Estate. In addition, the TTl\stee may participate in voting trusts,
foreclosures, reorganizations, consolidations, mergers, and liquidations, and in connection
therewith, to deposit securities with and transfer title to any protective or other committee under
such terms as the Trustee may deem advisable. In addition, the Trustee may exercise or sell stock
subscription or conversion rights and may accept and retain as an investment any securities or
other property received through the exercise of any of the foregoing powers, regardless of any
limitations elsewhere in this instrument relative to investments by the Trustee. In addition, The
Trustee may Buy, sell exchange, assign, convey, settle and exercise commodities future contracts
and call and put options on stocks and stock indices traded on a regulated options exchange and
collect and receipt for all proceeds of any such transactions. Establish or continue option accounts
for the principal with any securities of a futures broker. In general, exercise all powers with
respect to commodity and option transactions that the principal could if present.
8. Purchases from Estate: The Trustee may purchase property of any kind from the Executor or
Administrator of our Estates.
REVOCABLE LIVING TRUST A(~REEMENT
Page 12
9. Lending: The Trustee may make loans, secured or unsecured, to the Executor or Administrator
of our Estates, to any Beneficiary of the Trust, or to the Trustee. Further, the Trustee may use
Trust Assets to guarantee obligations of any income Beneficiary of the Trust (unless such
Beneficiary is serving as Trustee).
10. Distributions to or for Beneficiaries: The Trustee may make any distribution contemplated by
this Trust Agreement (1) to the Beneficiary; (2) if the Bei.neficiary is under a legal disability or if
the Trustee detennines that the Beneficiary is unable to properly manage his or her affairs, to a
person furnishing support, maintenance, or education for the Beneficiary or with whom the
Beneficiary is residing for expenditures on the Beneficiary's behalf; or (3) if the Beneficiary is a
minor, to a trustee of an existing trust established exclusively for the benefit of such minor,
whether created by this Trust Agreement or otherwise, ~r to a custodian for the Beneficiary, as
selected by the Trustee, under the Pennsylvania Uniform; Transfer to Minors Act. Alternatively,
the Trustee may apply all or a part of the distributi~ for the Beneficiary's benefit. Any
distribution under this paragraph will be a full discharge' of the Trustee with respect thereto. On
any partial or final distribution of the Trust Assets, the Trustee may apportion and allocate the
assets of the Trust Estate in cash or in kind, or partly in cash and partly in kind, or in undivided
interests in the manner deemed advisable at the discretion of the Trustee and to sell any property
deemed necessary by the Trustee to make the distributiol1. The Trustee may distribute gifts of up
to the maximum allowable per year per donee out of principal and/or interest.
. !
11. Insurance: The Trustee may purchase new life insurahce, pay the premiums on existing life
insurance on the life of any Trust Beneficiary, purchase annuities (either commercial or private)
from any corporation, trust, or individual, and may procure and pay the premiums on other
insurance of the kinds, forms, and amounts deemed advisable by the Trustee to protect the
Trustee and the Trust Estate.
12. Borrowing: The Trustee may borrow money from the Trust Estate and others. To secure the
repayment thereof, the Trustee may mortgage, pledge, or otherwise encumber part or all of the
Trust Assets, and in connection with the acquisition of any property, the Trustee may assume a
liability or may acquire property subject to a liability.
13. Repairs: The Trustee may make ordinary and extraordFnary repairs and alterations to buildings
or other Trust Assets.
14. Reserves: The Trustee may establish such reserves out of income for taxes, assessments, repair,
and maintenance as the Trustee considers appropriate.
i
15. Continuation of Business: The Trustee may continue any business or businesses in which the
Trust has an interest at the time of the Settlors' death for so long as the Trustee may, in its sole
discretion, consider necessary or desirable, whether oi not the business is conducted by the
Settlors at the time of their death individually, as a partn~rship, or as a corporation wholly owned
or controlled by them, with full authority to sell, settle, and discontinue any of them when and
upon such terms and conditions as the Trustee may, in its sole discretion, consider necessary or
desirable.
I
] 6. Retain Property for Personal Use: The Trustee may retain a residence or other property for the
personal use of a Beneficiary and allow a Beneficiary to: use or occupy the retained property free
of rent and maintenance expenses. J
REVOCABLE LIVING TRUST AGREEMENT
Page 13
17. Dealings with Third Parties: The Trustee may deal \Yith any person or entity regardless of
relationship or identity of any Trustee to or with that peflSon or entity. The Trustee may hold or
invest any part of or all of the Trust Estate in common or undivided interests with that person or
entity.
18. Partitions, Divisions, Distributions: The Trustee will have the power to make all partitions,
divisions, and distributions contemplated by this Trust Agreement. Any partitions, divisions, or
other distributions may be made in cash, in kind, or partly in cash and partly in kind, in any
manner that the Trustee deems appropriate (including composing shares differently). The Trustee
may determine the value of any property, which valuation will be binding on all Beneficiaries.
No adjustments are required to compensate for any partitions, divisions, or distributions having
unequal consequences to the Beneficiaries.
19. Claims, Controversies: The Trustee may maintain and defend any claim or controversy by or
against the Trust without the joinder or consent of any Beneficiary. The Trustee may commence
or defend at the expense of the Trust any litigation with r~spect to the Trust or any property of the
Trust Estate as the Trustee may deem advisable. The Trustee may employ, for reasonable
compensation, such counsel as the Trustee shall deem ad~isable for that purpose.
20. Merger of Trusts: If at any time the Trustee of any trust created hereunder shall also be acting as
trustee of any other trust created by trust instrument or ~ trust declaration for the benefit of the
same beneficiary or beneficiaries and upon substantiaHy the same terms and conditions, the
Trustee is authorized and empowered, if in the Trustetj's discretion such action is in the best
interest of the Beneficiary or Beneficiaries, to transfer an9 merge all of the assets then held under
such trust created pursuant to this Trust Agreement to anp with such other trust and thereupon to
terminate the trust created pursuant to this Trust Agreement. The Trustee is further authorized to
accept the assets of any other trust which may be transferred to any trust created hereunder and to
administer and distribute such assets and properties so transferred in accordance with the
provisions of this Agreement.
2]. Termination of Small Trust: Any corporate Trustee which is serving as the sole Truslee of any
Trust or any Share thereof may at any time terminate such Trust or Share if, in the Trustee's sole
judgment, the continued management of such Trust or Share is no longer economical because of
the small size of such Trust or Share and if such action will be deemed to be in the best interests
of the Beneficiary or Beneficiaries. In case of such termination, the Trustee will distribute
forthwith the share of the Trust Estate so terminated to the income Beneficiary, per stirpes. Upon
such distribution, such Trust or Share will terminate and the Trustee will not be liable or
responsible to any person or persons whomsoever for its ~ction. The Trustee will not be liable for
failing or refusing at any time to terminate any Trust or a Share thereof as authorized by this
paragraph.
22. Power to Determine Income and Principal: Dividends payable in stock of the issuing
corporation, stock splits, and capital gains will be treated as principal. Except as herein otherwise
specifically provided, the Trustee will have full power and authority to determine the manner in
which expenses are to be borne and in which receipts are to be credited as between principal and
income. The Trustee has the power to determine what!,will constitute principal or income and
may withhold from income such reserves for depreciation or depletion as the Trustee may deem
fair and equitable. In determining such matters, the ,Trustee may give consideration to the
provisions of the Pennsylvania Statutes (or its successor; statutes) relating to such matters, but it
will not be bound by such provisions.
REVOCABLE LIVING TRUST AGREEMENT
Page 14
,:-~;~~.',
23. Generation-Skipping Taxes and Payment: If tbe Trustee considers any distribution or
termination of an interest or power hereunder as a distribution or termination subject to a
generation-skipping tax, the Trustee is authorized:
24. To augment any taxable distribution by an amount which the Trustee estimates to be sufficient to
pay such tax and charge the same to the particular &ust to which the tax rclated without
adjustment of the relative interests of the Beneficiaries;
a. To pay such tax, in the case of a taxable termination, from the particular trust to which
the tax relates without adjustment of the relative interests of the Beneficiaries. If such tax
is imposed in part by reason of the Trust Assets, the Trustee will pay only the portion of
such tax attributable to the taxable termination hereunder taking into consideration
deductions, exemptions, credits, and other factors which the Trustee deems advisable;
and
b. To postpone final termination of any particular trust and to withhold any portion or all of
the Trust Estate until the Trustee is satisfied that the Trustee no longer has any habiJity to
pay any generation-skipping tax with reference to such trust or its termination.
Section 5.04 - Special Provision for S Corporation Stock
Notwithstanding what is otherwise provided in this Trust Agreement, if at any time the Trust contains any
stock of a corporation which elects or has elected treatment as an "s Corporation" as defined by Section
1361(a)(1) of the Internal Revenue Code (or any corresponding successor statute), such stock will be
segregated from the other assets of such and treated as a separate trust. The Trustee will further divide the
separate trust into shares for each Beneficiary and such shares w~ll be distributed outright or held in trust
as herein provided. In addition, all other provisions of this Trust Agreement will apply to each share held
in trust (and constituting a separate trust) except that the Truste,e will distribute all of the income from
each separate trust to its Beneficiary in convenient installments at least annually. It is the Settlors' intent
that each separate trust will be recognized as a "Qualified Subchapter S Trust" ("QSST") und(~r Section
1361 (d)(2) of the Internal Revenue Code (or any corresponding ~uccessor statute). Notwithstanding any
provisions of this Trust Agreement to the contrary, the Trustee's powers and discretions with respect to
the administration of each separate trust (including methods of accounting, bookkeeping, making
distributions, and characterizing receipts and expenses) will not~be exercised or exercisable except in a
manner consistent with allowing each separate trust to be treated as a QSST as above described.
ARTICLE SIX
Trllstee Powers witll a Probate Estate
Section 6.01 - Coordination with Settlor's Probate Estate
1. At any time during the continuance of this Trust, including subsequent to the death of either
Settlor, the Trustees may, in their sole and uncontrolled discretion, distribute to the deceased
Settlor's Probate Estate cash and I or other property as a Beneficiary of the Trust.
2. All other provisions to the contrary notwithstanding, under no circumstances shall any restricted
proceeds, as hereinafter defined, be either directly or indirectly: (i) distributed to or for the benefit
of the Settlor's Executors or the Settlor's Probate Estate; or (ii) used to pay any other obligations
ofthe Settlor's Estate. The term "Restricted Proceeds" qleans:
REVOCABLE LIVING TRUST AGREEMENT
Page 15
'"..-_". I
a. All qualified plans, individual retirement accounts, or similar benefits which arc received
or receivable by any Trustee hereunder, and which are paid solely to a Beneficiary other
than the Executor of the Settlor's Gross Estate for Federal Estate Tax purposes; and
b. All proceeds of insurance on the Settlor's life which, if paid to a Beneficiary other than
the Settlor's Estate, would be exempt from inheritance or similar death taxes under
applicable state death laws.
Section 6.02 - Direction to Minimize Taxes
In the administration of the Trust hereunder, its Fiduciaries shall exercise all available tax related
elections, options, and choices in such a manner as they, in. their sole but reasonable judgment (where
appropriate, receiving advice of tax counsel), believe will achiev~ the overall minimum in total combined
present and reasonably anticipated future administrative expenses and taxes of all kinds. This applies not
only to said Trust, but also to its Beneficiaries, to the other Trusljs hereunder and their Beneficiaries, and
to the Settlor's Probate Estate. '
1
Without limitation on the generality of the foregoing direction (which shall to that extent supercede the
usual fiduciary duty of impartiality), such Fiduciaries shall not be accountable to any person interested in
this Trust or to Settlor's Estate for the manner in which they shall carry out this direction to minimize
overall taxes and expenses (including any decision they may make not to incur the expense of a detailed
analysis of alternative choices). Even though their decisions in this regard may result in increased taxes
or decreased distributions to the Trust, to the Estate, or to one or more Beneficiaries, the Fiduciaries shall
not be obligated for compensation readjustments or reimbursements which arise by reason of the manner
in which the Fiduciaries carry out this direction.
Section 6.03 - Judgment and Discretion of Trustee
In the absence of proof of bad faith, all questions of construction or interpretation of any trusts created by
this Trust Agreement will be finally and conclusively determined solely by the Trustee, according to the
Trustee's best judgment and without recourse to any court. Each determination by the Trustee is binding
on the Beneficiaries and prospective Beneficiaries hereunder, both in being and unborn, as well as all
other persons, finns, or corporations. The Trustee, when exercising any discretionary power relating to
the distribution or accumulation of principal or income or to the termination of any trust, will be
responsible only for lack of good faith in the exercise of such power. Each determination may be relied
upon to the same extent as if it were a final and binding judicial ~etermination. In the event of a conflict
between the provisions of this Trust Agreement and those of the Pennsylvania Statutes, the provisions of
this Agreement will control.
ARTICLE SEVEN j
ResolutiOlI of Conflict:
Section 7.01 - Resolution of Conflict
Any controversy between the Trustee or Trustees and any other Trustee or Trustees, or between any other
parties to this Trust, including Beneficiaries, involving the construction or application of any of the telIDS,
provisions, or conditions of this Trust shall, on the written request of either or any disagreeing party
served on the other or others, shall be submitted to arbitration. ;rhe parties to such arbitration shall each
appoint one person to hear and determine the dispute and, if they are unable to agree, then the two persons
so chosen shall select a third impartial arbitrator whose decision shall be final and conclusive upon both
parties. The cost of arbitration shall be borne by the losing party or in such proportion as the arb.itrator(s)
REVOCABLE LIVING TRUST AGREEMENT
Page 16
shall decide. Such arbitration shall comply with the commercial arbitration rules of the American
Arbitration Association, 140 West 51st Street, New York, NY 10200.
Section 7.02 - Incontestability
The beneficial provisions of this Trust Agreement are intended to be in lieu of any other rights, claims, or
interests of whatsoever nature, whether statutory or otherwise, e,xcept bona fide pre-death debts, which
any Beneficiary hereunder may have in Settlor's Estate or in the properties in trust hereunder.
Accordingly, if any Beneficiary hereunder asserts any claim (except a legally enforceable debt), statutory
election, or other right or interest against or in Settlor's Estate, or any properties of this Trust, other than
pursuant to the express terms hereof, or directly or indirectly contests, disputes, or calls il1to question,
before any court, the validity of this Trust Agreement, then:
1. Such Beneficiary shall thereby absolutely Jorfeit any and all beneficial interests of whatsoever
kind and nature which such Beneficiary or his or her heits might otherwise have under this Trust
Agreement and the interests of the other Beneficiaries hereunder shall thereupon be appropriately
and proportionately increased; and
I
2. All of the provisions of this Trust Agreement, to the extent that they confer any benefits, powers,
or rights whatsoever upon such claiming, electing, or contesting Beneficiary, shall thereupon
become absolutely void; and
3. Such claiming, electing, or contesting Beneficiary, if then acting as a trustee hereunder, shall
automatically cease to be a Trustee and shall thereafter be ineligible either to select, remove, or
become a Trustee hereunder.
Section 7.03 - Trust Contests and Specific Omissions
If any beneficiary under this trust, singly or in conjunction with:any other person or persons, directly or
indirectly:
1. contests in any court the validity of this trust or, in any manner, attacks or seeks to impair or
invalidate any of its provisions;
2. contests in any court the validity of the Settlor's Trust or, in any manner, attacks or seeks to
impair or invalidate any of its provisions;
3. seeks to obtain an adjudication in any proceeding in any court that this trust or any of its
provisions or that Settlor's Trust or any of its provisions is void;
4. claims entitlement by way of any written or oral contract to any portion of the Settlor's estate,
whether in probate or under this instrument;
5. unsuccessfully challenges the appointment of any person named as Trustee or successor Trustee
of this Trust,
6. objects in any manner to any action taken or proposed 'to be taken in good faith by the Trustee
Settlor's Trust;
7. objects to any construction or interpretation of this Trust, or any provision of it, that is adopted or
is proposed in good faith by the Trustee; ,
8. unsuccessfully seeks the removal of any person acting as Trustee of any Trust created under this
instrument; ,
9. files any creditor's claim in Settlor's estate (without regard to its validity), whether the claim arose
before or after the date of this instrument, but excepting claims for cash advanced or paid for
expenses of the Settlor's last illness or funeral paid by said claimant;
,
I
REVOCABLE LIVING TRUST AGREEMENT
Page 17
10. attacks or seeks to invalidate any designation of benefioiaries for any life insurance policy on
Settlor's life;
11. attacks or seeks to invalidate any designation of benefidaries for any pension or IRA or other
form of qualified or non-qualified asset or deferred. compensation account, agreement or
arrangement;
12. attacks or seeks to invalidate any trust which Settlor ha~ created or may create during Settlor's
lifetime, or any provision thereof, as well as any gift whith Settlor has made or will made during
Settlor's lifetime, whether before or after the date of this ipstrument;
13. attacks or seeks to invalidate any transaction by which Settlor sold any assets (whether to a
relative of Settlor's or otherwise); or
14. refuses a request of Settlor's Trustee, Executor or other fiduciary to assist in the defense against
any of the foregoing acts or proceedings,
then that person's right to take any interest given to him or her 'by this trust shall be determined as it would
have been detennined if the person had predeceased the execution of this trust instrument without issue
surviving.
The provisions of the foregoing paragraph shall not apply to any 'disclaimer by any person of any benefit
under this trust or under the Settlor's Trust. In the event that any provision of this Article is held to be
invalid, void or megal, the same shall be deemed severable from the remainder of the provisions of this
Article and shall in no way affect, impair or invalidate any other provision in this Article; and if such
provision shall be deemed invalid due to its scope or breadth, such provision shall be deemed to exist to
the extent of the scope or breadth permitted by law.
Section 7.04 - Benefits Confidential
The Settlors further declare that it is their desire and intent that the provisions of this Trust Agreement are
to remain confidential as to all parties. The Settlors direct that only the information concerning the
benefits paid to any particular Beneficiary shall be revealed to suah individual and that no individual shall
have a right to information concerning the benefits being paid to any other Beneficiary.
ARTICLE EIGHT
Gelleral Provisiolls
Section 8.01 - Distribution in Kind or in Cash
On any division of the assets of the Trust Estate into shares or partial shares, and on any final or partial
distribution of the assets of the Trust Estate, the Trustee, at his or her absolute discretion, may divide and
distribute undivided interests of such assets on a pro rata or non-pro rata basis, or may sell any part of or
all of such assets and may make divisions or distributions in cash or partly in cash and partly in kind. The
decision of the Trustee, either prior to or on any division or distribution of such assets, as to what
constitutes a proper division of such assets of the Trust Estate, shall be binding on all persons interested in
any trust provided for in this Trust Agreement.
REVOCABLE LIVING TRUST AGREEMENT
Page 18
Section 8.02 - Spendthrift Provision
Neither the principal nor the income of the trust shall be liable for the debts of a Beneficiary. Except as
otherwise expressly provided in this Agreement, no Beneficiary of any trust shall have any right, power,
or authority to alienate, encumber, or hypothecate his or her interest in the principal or income of this
Trust in any manner, nor shall the interests of any Beneficiary be subject to the claims of his or her
creditors or liable to attachment, execution, or other process o~ law. The limitations herein shall not
restrict the exercise of any power of appointment or the right to disclaim.
Section 8.03 - Definition of Children
The terms "Child" and "Children" as used in this Agreement me~n the lawful issue of a Settlor or of the
Settlors together. This definition also includes children legally ,adopted by a Settlor or by the Settlors
together.
Section 8.04 - Handicapped Beneficiaries
Any Beneficiary who is detelmined by a court of competent jurisdiction to be incompetent shall not have
any discretionary rights of a Beneficiary with respect to this Trost, or to their share or portion thereof.
The Trustee shall hold and maintain such incompetent Beneficiaf'j' s share of the Trust estate and shall, in
the Trustee's sole discretion, provide for such Beneficiary as tl'lat Trustee would provide for a minor.
Notwithstanding the foregoing, any Beneficiary who is diagnosed for the purposes of governmental
benefits (as hereinafter delineated) as being not competent or as being disabled, and who shall be entitled
to governmental support and benefits by reason of such incompetency or disability, shall cease to be a
Beneficiary of this Trust. Likewise, they shall cease to be a Beneficiary if any share or portion of the
principal or income of the Trust shaH become subject to the claims of any governmental agency for costs
or benefits, fees, or charges.
The portion of the Trust Estate which, absent the provisions of this section, would have been the share of
such incompetent or handicapped person shall be retained in trust for as long as that individual lives. The
Trustee, at his or her sole discretion, shall utilize such funds for the maintenance of that individual. If
such individual recovers from his or her incompetency or disability and is no longer eligible for aid from
any governmental agency, including costs or benefits, fees, or charges, such individual shall be reinstated
as a Beneficiary after 60 days from such recovery and the allocation and distribution provisions as stated
herein shall apply to that portion of the Trust Estate which is held by the Trustee subject to the foregoing
provisions of this section. If said handicapped Beneficiary is no longer living and shall leave children
then living, the deceased child's share shall pass to those children per stirpes. If there are no children, the
share shall be allocated proportionately among the remaining Beneficiaries.
REVOCABLE LIVING TRUST AGREEMENT
Page 19
ARTICLE NINE
Successor Trustee Appointments
Section 9.01 - Trustees
All Trustees are to serve without bond. The following will act as Trustees of any Trusts created by this
Tru~t Agreement, in the following order of succession: '
First:
The undersigned, Clair E. Manges and /;or Georgie Am' MQI.ges.
Second:
The Surviving Spouse.
Third:
At the death or incapacity of the Surviving Spouse, Clair E. MQI.ges, Jr. shall
serve as First Successor Trustee.
Fourth:
Michael S. Manges shall serve as Second Successor Trustee.
Last:
A Trustee chosen by the majority of Beneficiaries, with a parent or legal guardian
voting for minor Beneficiaries; provided, however, that the children of any
deceased Beneficiary shall collectively have only one vote.
I
Section 9.02 - Allocation and Distribution of The Trust Assets
The Trustees shall allocate, hold, administer, and distribute the Trust Assets as hereinafter provided:
1. Upon the death of the first Settlor, the Trustee shall make any separate distributions that
have been specified by the deceased Settlor. The Trustee shall also take into
consideration the appropriate provisions of this Article.
2. Upon the death of the Surviving Spouse, the Trustee shall hold, administer, and distribute
the Trust Assets in the manner hereinafter prescribed.
Section 9.03 - Personal Property Distribution
Notwithstanding any provision of this Trust Agreement to the contrary, the Trustee must abide by any
memorandum by the Settlors, particularly that contained in the section entitled "Special Directives"
incorporated into this Trust Instrument, directing the disposition of Trust Assets of every kind including,
but not limited to, furniture, appliances, furnishings, pictures, china, silverware, glass, books, jewelry,
wearing apparel, and all policies of fire, burglary, property damage, and other insurance on or in
connection with the use of property. Otherwise, any personal and household effects of the Settlors shall
be distributed with the remaining assets of the Trust Estate.
REVOCABLE LIVING TRUST AGREEMENT
Page 20
Section 9.04 - Liability of Trustee
The Trustee will not be responsible or liable for any loss which may occur by reason of depreciation in
value of the properties at any time belonging to the Trust Estate nor for any other loss which may occur,
except that the Trustee will be liable for each Trustee's own negligence, neglect, default, or willful wrong.
The Trustee will not be liable or responsible for the acts, omissions, or defaults of any agent or other
person to whom duties may be properly delegated hereunder (except officers or regular employees of the
Trustee) if such agent or person was appointed with due care. T~e Trustee may receive reimbursement
from the Trust Estate for any liability, whether in contract or in tort, incurred in the administration of the
Trust Estate in accordance with the provisions hereof, and the Trustee may contract in such fonn that such
Trustee will be exempt from such personal liability and that such liability will be limited to the Trust
Assets.
Section 9.05 - Successor Trustees
Any Successor Trustee shall have all the power, rights, discretion, and obligations conferred on u Trustee
by this Trust Agreement. All rights, titles, and interest in the prop.erty of the Trust shall immediately vest
in the successor Trustee at the time of appointment. The prior Trustee shall, without warranty, transfer to
the Successor Trustee the existing Trust property. No Successor Trustee shall be under any duty to
examine, verify, question, or audit the books, records, accounts, or transaction of any preceding Trustee;
and no Successor Trustee shall be liable for any loss or expense from or occasioned by anything done or
neglected to be done by any predecessor Trustee. A Successor Trustee shall be liable only for his or her
oWn acts and defaults.
ARTICLE TEN
Rule Against Perpetuities
Section 10.01 - Perpetuities Savings Clause
Notwithstanding any other provision of this instrument, the Trusts created hereunder shall terminate not
later than twenty-one (21) years after the death of the last s,urvivor of all Settlors and any other
Beneficiary or Beneficiaries named or defined in this Trust living on the date of the death of the first
Settlor to die. The Trustee shall distribute remaining Trust princtpal and all accrued or undistributed net
income hereunder to the Beneficiary or Beneficiaries. If there is more than one Beneficiary, the
distribution shall be in the proportion in which they are Beneficiaries; ifno proportion is designated, then
the distribution shall be in equal shares to such Beneficiaries. .
ARTICLE ELEVEN
General Provisions
Section 11.01 - Governing Law
It is not intended that the laws of only one particular state shall n~cessarily govern all questions pertaining
to all of the Trust hereunder. .
1. The validity of the Trust hereunder, as well as the validity of the particuJarprovisions of that
Trust, shall be governed by the laws of the state which has sufficient connection with the Trust to
support such validity. '
REVOCABLE LIVING TRUST AGREEMENT
Page 21
2. The meaning and effect of the terms of this Trust Agreement shall be governed by the laws of the
Commonwealth of Pennsylvania.:
3. The administration of this Trust shall be governed by the laws of the state in which the principle
office ofthe Trustee then having custody of the Trust's principal assets and records is located.
The foregoing shall apply even though the situs of some Trust Assets or the home of the Settlor, a
Trustee, or a Beneficiary may at some time or times be elsewhere.
Section 11.02 - Invalidity of Any Provision
If a court finds that any provision of this Trust Agreement is void, invalid, or unenforceable, the
remaining provisions of this Agreement will continue to be fully effective.
I
l
Section 11.03 - Headings
!
The use of headings in connection with the various articles and sections of this Trust Agreement is solely
for convenience and the headings are to be given no meaning or significance whatsoever in construing the
terms and provisions of this Agreement. i
Section 11.04 - Internal Revenue Code Terminology
As used herein, the words "Gross Estate," "Adjusted Gross Estat<r," "Taxable Estate," "Unified Credit,"
"State Death Tax Credit," "Maximum Marital Deduction," "Marital Deduction," and any other word or
words which from the context in which it or they are used refer to the Internal Revenue Code shall be
assigned the same meaning as words have for the purposes of applying the Internal Revenue Code to a
deceased Settlor's Estate. Reference to sections of the Internal Revenue Code and to the Internal
Revenue Code shall refer to the Internal Revenue Code amended to the date of such Settlor's death.
REVOCABLE LIVING TRUST AGREEMENT
Page 22
SPECIAL DIRECTIVES)
\
OF
CLAIR E. MANGES
I, CLAIR E. MANGES a resident of the County of Cumberland, Commonwealth of
Pennsylvania, being of lawful age, and of sound and disposing mind and memory, and not acting under
duress, fraud, or undue inHuence, hereby make, publish and declare this to be my Special Directive, and I
incorporate THE CLAIR E. MANGES AND GEORGIE ANN MANGES REVOCABLE LIVING
TRUST AGREEMENT.
FIRST
The natural objects of my affection are:
I.
My Wife -
Georgie Am' Manges
2.
My Children -
Clair E. Manges, Jr.
Michael S. Manges
Paula J. Taylor .
Brain L. Manges
Christine M. Johnson
SECOND
I direct that all estate and inheritance taxes payable as a result of my death, not limited to taxes
assessed on property, shall be paid out of the residue of my Estate, and shall not be deducted or collected
from any League, Devisee, or Beneficiary hereunder.
THIRD
In the event any of my named Beneficiaries should predecease me, all of that person's share of the
Trust Estate shall be divided equally among that person's issue per stirpes. In the event any such
predeceased Beneficiary leaves no surviving children or issue,then all of that person's share shall be
distributed to the remaining Beneficiaries in equal shares.
FOURTH
In the event all of my named Beneficiaries and their children and issue predecease me, all of the
Trust Estate shall be distributed to my heirs at law.
FIFTH
I direct that all outstanding debts and/or loans owed by any Beneficiary shall be forgiven and
deemed as having not existed.
REVOCABLE LIVING TRUST AGREEMENT
Page 23
SIXTH
I direct that VICTOR K. T AYLOR shall be specifically excluded from receiving any portion of
this Trust Estate.
SEVENTH
I direct that, before any distribution of the assets of the Trust Estate to the named Beneficiaries,
certain specific distributions, if any, shall be made from the assets as set forth on the list attached hereto
and marked "Exhibit A."
EIGHTH
I hereby acknowledge and accept the "Special Directives," if any, of my spouse.
REVOCABLE LIVING TRUST AGREEMENT
Page 24
SPECIAL DIRECTIVES
OF
GEORGIE ANN MANGES
I, GEORGIE ANN MANGES, a resident of the County of Cumberland, Commonwealth of
Pennsylvania, being of lawful age, and of sound and disposing mind and memory, and not acting under
duress, fraud, or undue influence, hereby make, publish and declare this to be my Special Directive, and I
incorporate THE CLAIR E. MANGES AND GEORGIE ANN MANGES REVOCABLE LIVING
TRUST AGREEMENT.
FIRST
The natural objects of my affection are:
I.
My Husband -
Clair E. Manges
2.
My Children -
Clair E. Manges, Jr.
Michael S. Manges
Paula J. Taylor
Brai" L. Manges
C/lristine M. Jo/mson
SECOND
I direct that all estate and inheritance taxes payable as a result of my death, not limited to taxes
assessed on property, shall be paid out of the residue of my Estate, and shall not be deducted or collected
from any League, Devisee, or Beneficiary hereunder. :
THIRD
In the event any of my named Beneficiaries should predecease me, all of that person's share of the
Trust Estate shall be divided equally among that person's issue per stirpes. In the event any such
predeceased Beneficiary leaves no surviving children or issue, then all of that person's share shall be
distributed to the remaining Beneficiaries in equal shares.
FOURTH
In the event all of my named Beneficiaries and their children and issue predecease me, all of the
Trust Estate shall be distributed to my heirs at law.
FIFTH
I direct that all outstanding debts and/or loans owed by any Beneficiary shall be forgiven and
deemed as having not existed.
REVOCABLE LIVING TRUST AGREEMENT
Page 25
SIXTH
I direct that VICTOR K. TAYLOR shall be specifically excluded from receiving any portion of
this Trust Estate.
SEVENTH
I direct that, before any distribution of the assets of the trust Estate to the named Beneficiaries,
certain specific distributions, if any, shall be made from the assets as set forth on the list attached hereto
and marked "Exhibit A."
EIGHTH
I hereby acknowledge and accept the "Special Directives," if any, of my spouse.
REVOCABLE LIVING TRUST AGREEMENT
Page 26
DATED to be effective this
17 (/ day of d1 ,poz
SETTLORS:
~~L V~~
CLAm E. MANGE
J
I
ACCEPTED BY CO-TRUSTEES:
( /\l. D--~JL Ir '}--YCiVYt <\ f~
C ~uR-E. MANG ~
"'J J/
/~
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
This instrument was acknowledged before me on the. date herein set forth by CLAIR E.
MANGES as Settlor and Co-Trustee to certify which witness my hand and seal of office.
NOTARIAL SEAL
JEROME IlfWIS. NOTARV PUBLIC
TRmVffRIN TWP.. CHESTER COUNTY
MY COMMISSION EXPIRES SEPT. 25 2006
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
This instrument was acknowledged before me on the date' herein set forth by GEORGIE ANN
MANGES as Settlor and Co-Trustee to certify which witness my hand and seal of office.
NOTARIAL SEAL
JEROME T. lEWIS. NOTARY PUBLIC
TRErWFFRIN TWP., CHESTER COUNTY
MY COMMISSION EXPIRES SEPT. 25 2006
REVOCABLE LIVING TRUST AGREEMENT
Page 27
THE CLAIR E. MANGES AND GEORGI~ ANN MANGES
REVOCABLE LIVING TRUST AGREEMENT
Declaration of Intent '
The undersigned hereby declare that, as Trustee of THE CLAIR E. MANGES AND GEORGIE
ANN MANGES REVOCABLE LIVING TRUST, they are acquiring and will hold in the name CLAIR E.
MANGES and GEORGIE ANN MANGES, but without further reference to their fiduciary capacity, all
items listed on the attached schedule(s) hereto and incorporated herein as amended, from time to time, as
well as household furnishings, automobiles, jewelry, bank accounts, securities, bonds, clothing and other
personal property of any kind in their name or in either of their names and henceforth such assets shall
and will belong to said Trust and not to them individually; and they further declare that, except to the
extent of interest provided to them under the temlS and provisions of said Trust, they have no personal
interest in any of the above itemized personal properties, it being intended and this Declaration constitutes
an affirmation of Trust ownership and an assignment to this Trust and shall be binding on their heirs,
administrators, executors and assigns.
ji
11 --day of
S WHEREOF, the undersigned have executed this instrument this
~AA" c: ~'I. CI, 2---<l
C E. MANGES ~
Settlorrrrustee
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
BEFORE ME, the undersigned authority, on this day personally appeared CLAIR E. MANGES
and GEORGIE ANN MANGES, known to me to be the persons whose names are subscribed to the
foregoing instrument, and acknowledged to me that they executed the same for the purposes and
consideration therein expressed and in the capacity thdn stated.
SUBSCRIBED AND SWORN this /7 -- day of ~3
NOTARIAL SEAL
lFROMf 1. lEWIS, NOTARY PUBLIC
TREDYHRIN TWP..CHESTHi COUNTY
}1.Ll!Q~Iv7ISS!QN EXPIRES Slpt 25 ~006
~.
ORRSfO~Nl/15/04
B~;~RY ACCOUNT
ENCLOSURES
CLAIR E MANGES
GEORGIE ANN MANGES
80 CARPENTER LANE
NEWBURG PA 17240-9219
CARRIAGE CLUB
CHECK NO
873
874
875
876
--- CHECK SUMMARY
AMOUNT REFERENCE
114.00 030130880
28.98 030102810
125.00 020035510
400.00 020089970
check numbers
DATE
11/08
11 /12
11/10
11/09
* Denotes
missing
*******************************************************************************
Page 3
102000612
102000612 (Continued)
DATE
11/08
11/15
11/15
11/15
CHECK NO
877
878
879
883*
REFERENCE
070366810
030190970
050340480
050333120
AMOUNT
400.00
30.63
200.00
300.00
S A V I N G SAC C 0 U N T S
ACCOUNT TITLE
CLAIR E MANGES
STATEMENT SAVINGS
ACCOUNT NUMBER
PREVIOUS BALANCE
1 DEPOSITS/CREDITS
1 CHECKS/DEBITS
SERVICE CHARGE
INTEREST PAID
ENDING BALANCE
735442
6,767.54
1,763.00
370.00
.00
.00
8,160.54
o
11/15/04
29
8,128.26
8,128.26
3.22
0.50%
41. 73
Statement Dates 10/18/04 thru
DAYS IN THE STATEMENT PERIOD
AVERAGE l..EDGER
AVERAGE COLLECTED
Interest Earned
Annual Percentage Yield Earned
2004 Int~rest Paid
DATE DESCRIPTION REFERENCE AMOUNT BALANCE
10/20 SOC SEC US TREASURY 303 129573792 1,763.00 8,530.54
PPD
10/25 MON RT CON CN'1'RL PEN 160416722 370.00- 8,160.54
PPD
A Member of American International Group, lnc.
AIG ANNUITY
INSURANCE COMPANY
P.D Box 871
Amarillo, TX 79105-0871
AIG Annuity Insurance Company
QUARTERLY GROWTH REPORT OF YOUR POLICY FOR THE QUARTER ENDING 12/31/2004
1-800-424-4990
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===
~
>15232 0548948 001 008129
CLAIR E MANGES
C/O GEORGIE ANN MANGES
80 CARPENTER LANE
NEWBURG, PA 17240
· Contn,ct Number
· Policy.Date
· Annuitant
· Policy Type
· Agent
· COml)9sitc
Annual Yield
CF002357
09/ 111200 I
Clair E Mange:;
Individual Retiremenl Annuit)
Franklin Life Insurancc Company
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!!!!!!!!!!!!
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325tyo
Important Messages
As required by Tax Law, we will inform the Internal Revenue Service pfyour IRA's Accumulated Valuc.
For access to ~'our account 24 hours a day, please ,.isit our wehsite at www.aigannuityacccss.com.(~;
Beginning Value
) ntcrest
Accumulatcd Value
Current Qu~rter
10/01/2004 - 12/31/2004
21,279.25
172.2~
21.451.49
Year - To - Date
01/01/2004 - 12/31/2004
20.77(1.25
6752-l
21.451..t9
Account Information
Additional Messages I
Thc Intcmal Revenue Service Regulations under section 4U I (a)(9) of 'he Internal Rcvenuc Code rccluirc notification of the
following information regmding Required Minimum Distributions (RMD) from IndiVIdual Rctirement accounts.
* If YOll have allained the age of 70 1/2 you must take a Minimum Required Distribution by Dccember J 1st.
* During the calendar ycar for which you turn 7U 1/2 years of age, you have until ApriJ 1st of the following year
to begin your RMD payments.
* Upon rcqucst. the amount of your R.J\iD paymcllt will be c<dculatcd and provided to )'ou.
* If you arc taking RMD from another source or currently taking a RMD. no action is required.
* Current regulations require we notify the IRS if you have an IRA wi'lh llS that it is subject to RMD.
VI 14:\.'\:\ 101/1003)
all A Member of American Inte~national Group, Inc.
I 4#*0...__ -- .........- ....,..,.._.... ,....~........... ....,.......... ,,..,.."',....
f.\ \ 0<\
~
Allstate.
Glenbrook Life and Annuity Company
PO Box 94042
Palatine IL 60094-4042
Telephone: 1-800-755-5275
Fax: 1-847-402-5313
CLAIR E MANGES
GEORGIE ANN MANGES
80 CARPENTER DR
NEWBURG PA 17240-9219
November 7, 2004
Your Representative
KIM M,llLS
PNC '!'JSURANCE SERVICES, INC
620 UBERTY AVE, 26TH Fl
A TTN: DOREEN MilLS
PITTSBURGH PA 15222-2722
(610)892-5942
Allstate. Advantage Plus Annuity Statement
# GA0583798
ACTIVITY THIS PERIOr):
Beginning Account Balance 08/07/04
.. .. .. .. .. .. .. .. .. .. .. .. " .. .. .. .. .. .. .. .. .. .," .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..
$ 35,647.29
Interest Earned 08/07/04 thru 11/07/04 .................................................. $ 265.85
Ending Account Balance 11/07/04 . . . . . . . . . . . . . . . . . . . . . . . . . .1. . . . . . . . . . . . . . . . . . . . . . . . .. $ 35,913.14
Net Cash Surrender Value 11/07/04
.. .. .. .. .. .. .. .. .. .. .. .. .. " .. .. .. .. .. .. .. .. .. .... .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..
$ 33,973.83
Net Cash Surrender Value 08/07/04
.. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ..
$ 33,722.34
ACCOUNT VALUE DETAIL AS OF 11/07/04:
Current
Rate
Fund
Value
3.00%
$ 35,913.14
New effective annual rates for each fund will be determined when the current guarantee expires.
If you have any questions concerning your annuity please contact your representative at your financial institution.
Glenbrook Life and Annuity Company issues fixed and SEe-registered insurance products. SEe-registered
insurance products are underwritten by ALFS, Inc. Both Glenbrook Ufe and ALFS are wholly owned
subsidiaries of Allstate Life Insurance Company.
:o~..''''.'
.~.~~ -:
~ .
;:.~ 112Nl2
B140RLNF.N01
&f&00028140RlNF814QAi.ltfooow
GENERAL ANNUITY INFORMATION
Annuitant:
Owner:
Issue Date:
Type of Plan:
PrimarY BeneficiarvCies):
Claire Manges Jr
Michael Manges
Paula Taylor
Brian Manges
Christine Johnson
Clair E Manges
Clair E Manges
02107/01
Non-Qualified
) Georgie Ann Manges
Percentaae
Equally
Equally
Equally
Equally
Equally
2
B140RLNF.N01
&....00028'..0Rtt-\Fg'40AlHfOOOOO
Contract Number: 7109948 79 ::~TF()Rl
.....
07840
Annuity Client Service Center 1-800-862-6668 Monday through Thursday 8 am to 7 pm,
Friday 8 am to 6 pm, and Saturday 9 am to 2 pm Eastern time
Transaction Detail PAGE
JOSEPH F BOWDEN
FINANCIAL NETWORK INV CORP
1 KACEY CT STB 201
MECHANICSBURG, PA 17055
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06362
CLAIR E MANGES
GEORGIE ANN MANGES
80 CARPENTER LANE
NEWBURG, PA 17240
1 OF
1
Trade Date Sub-Account Name
Transaction Description
Dollar Amount Unit Value
Units
Transacte
01/10/05 GLOBAL HEALTH
01/10/05 FIXED ACC
DOL-COST-AVER-IN
DOL-COST-AVER-OUT
$55.46 1.707147
$55.46
32.48
As Of. 01110/05 Value By Sub-Account
Sub-Account Name Total Units x Unit Value
=
Current Value
$3,234.89
$22,111.50
GLOBAL HEALTH
FIXED ACC
1894.910
1.707147
* FIXED ACC VALU~ SHOWN AS DOLLARS
Payment tsy Mail
~~~~~~.~~~~~.... ............p~~~~~t.........Aii~~~t.i.~~.~f...piease..use th.!s..shih.to..make..ad"d"itl.o.nai".pa.ym.e.iits............... ...... .......
Name Allocation this Payment
Total Contract Value
$25,346.39
GLOBAL HEALTH
FIXED Ace 100.00%
Contract Number:
RE: CLAIR E MANGES
CLAIR E MANGES
GEORGIE ANN MANGES
80 CARPENTER LANE
NEWBURG, PA 11240
710994879
Purchase Amount $
Please make your checks payable to:
Hartford Life
Total
100%
100%
o Invest this payment as shown Under "Present Allocation" in the chart to
the left.
o Invest only this payment as I have indicated in the chart to the left.
Please retain my "Present Allocation" instructions as shown. ...:
o Invest this payment as I have indicated to the left and invest any future,
payments in accordance With this new allocation.
o Changing Address? Check box, note new address on reverse, and
return to us in the enclosed envelope. TIlE
. HARTFOIlD
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THE DIRECTOR OUTLOOK
VARIABLE ANNUITY QUARTERLY STATEMENT
I OCTOBER I, 2004. DECEMBER 31, 2004
PAGE 1 OF4 '
THE X
I-IAR'l'FO\\D
Did you know there's still time to contribute to an Individual Retirement Annuity (IRA) for 2004? The deadline for
contributing to last year's IRA is April 15, 2005. You may contribute 'up to $3,000 (maximum for all lRAs combined) OJ'
$3,500 for those 50 and older. Experts agree that regular contribtftions can be an effective investment strategy for
long-tenn goals. So if you haven't made a full IRA contribution for 2004 yet, why wait any longer?
#BWNGSGR
#VI9ESSRAAAAX7# 901
CLAIR E MANGES
80 CARPENTER LANE
NEWBURG PA 17240
CONTRACT NUMBER 711033334
PURCHASE DATE November 21,2001
CONTRACT TYPE IRA
OWNER NAME Clair E Manges
ANNUITANT Clair E Manges
SUMMARY
Beginning Value
Premium Payment
Total Surrenders *
Annuity Perfonnance
Ending V Hille
QUARTER
10/1/04-12/31/04
135,842.66
0.00
6,096.39-
1,608.22
$131,354.49
YEAR-TC>DATE
3/1/04-12/31/04
132,925.09
0.00
6,096.39-
4,525.79
$131,354.49
SINCE PURCHASE
11/21/01-12/31/04
137,298.27
18,206.35-
12,262.57
$13 J ,354.49
Per IRS reporting b'Uidelines, the Ending Value above is the December ,31st Fair Market Value for this IRA contract and wHi be
reported to the IRS accordingly.
F'OR ASSISTANCE, CONTACT EITHER:
Your Investment Professional
Joseph F Bowden
FINANCIAL NE1WORK INV CORP
I Kacey (t Ste 201
Mechanicsburg P A 17055
the Hartford
Attn: Investment Products Services
PO Box 5085
Hartford, CT 06102-5085
www.hartfordinvestor.com
1-888-488-2228 Automated Voice Services
-1-800-862-6668 Client Services
1-800-862-7155 Producer Services
* Total Surrenders include Contingent Deferred Sales Charges and Annual Maintenance Fees, if appJicable.
All information about your variable annuity, including charges and expenses, is described in your prospectus. Please read it
carefully and keep it for your records. Our hours of operation are Monday-Thursday 8:00 a.m. to 7:00 p.m. and Friday 9: 15 a.m.
to 6:00 p.m. (Eastern time).
YOUR ANNUITY AT A GLANCE
~~ 91.3% Fixed Acc
. 3.1% Mortgage See
~ 2.7% Dividend & Growth
. 1.5% Cap Appreciation
fB 1.4% GI Fin Svcs
~F"ANCOA' S....e<<
April 11, 2004
ANNUAL STATEMENT
Claire & Georgie Manges
80 Carpenter Lane
Newburg PA 17240-9219
Annuitant: Claire E. Manges
Contract~i BK3106270
Product: GPA
April 11, 2003 to April 10, 2004
Value
De sits
Withdrawals/Fees Eatn'n s Credited Endin Value
$13,492.61
$0.00
$0.00
$507.39
$14,000.00
Date Received
Transaction
Dollar Amount
There were no annuity transaction requests received during this period.
Effective 04/11/04, your premium payment of 04/11/01 will renew at 3.25%.
For urther Information
In Your nterest
Our service representatives are ready to
assist you 8:00am to 8:00pm ET at
1-800-732-5543.
Reminder: early withdrawals &
surrenders may be subject to
withdrawal charges, income tax, & an
IRS penalty. Thank. you for choosing
a John Hancock Annuity.
John Hancock life Insurance Company
John Hancock Variable Life Insurance Company (not licensed in New York)
Signator Investors. Inc., Member NASO, SIPC
Customer Access life and Annuities
P.O. Box 772, Boston. MA 02117.1-800-732-5543. 8am to 6pm Eastern Time
For the Hearing and Speech Impaired (TOO) 1-800-832-5282
ANNUl'lfS
- . ~
rf~fflzn~
Form XOO69.D Ed. 2/2004
Revenue: Somerset County
Page 1 of2
o Personal Income Tax
o Prooertv Tax and Rent
Rebate
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(CLR) Real Estate
Valuation Factors
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Common Level Ratio (CLR) Real Estate Valua
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Browse Search Revenue Home Back Printable Version Text-Onlv Full-Screen eMail PI
Somerset County
ACCEPTANCE CLR
DATE FACTOR
FROM ' TO
7-2-1986 6-30-1987 5.35
7-1-1987 j 6-30-1988 5.75
7-1-1988 6-30-1989 6.02
7-1-1989i 6-30-1990 6.37
7 -1-1990 l 6-30-1991 6.71
7 -1-1991 6-30-1992 6.62
7-1-1992 ; 6-30-1993 7.14
7-1-1993 6-30-1994 8.00
7 -1-1994 \ 6-30-1995 8.77
7-1-1995 ~ 6-30-1996 8.40
7 -1-1996 6-30-1997 8.47
7-1-1997, 12-31-1997 9.17
*1-1-1998' 6- 30-1998 2.00
*7-1-1998 6-30-1999 2.00
7-1-1999, 6-30-2000 2.14
7-1-2000 6-30-2001 2.21
7-1-2001 6-30-2002 2.23
7-1-2002 6-30-2003 2.32
7-1-2003 6-30-2004 2.34
7-1-2004 6-30-2005 2.47
7-1-2005 6-30-2006 2.63
* Adjusted by the Department of Revenue to reflect assessment ba~
effective January 1, 1998.
Content Last Modified on 6/23/2005 2; 23: 10 PM
http://www.revenue.state.pa.us/revenue/cwp/view.asp? A=3&Q=:20441 0
6/28/2005
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