HomeMy WebLinkAbout1098_FRAZIER_CHAUNCEY_114_48_05-02-1972_05-11-1972"~3-7)·47 J j
Applirutintt fnr 'rnhute nf Ifill nf 9~?~Il(:~Y ..1:Jr:C1~~E7r:.
...................................late of...13()r:()~gl1 ..()~..~:'l~.t W.?~.h~I1g~()I1 ,Washington County,
Pennsylvania deceased,and Qi)rant of iGrttl'rn IDrntamrntary.
REGISTER'S OFFICE,
WASHINGTON COUNTY,SS.:
Before the Register of Wills of Washington
Chauncey Earl Frazier II,and Joseph W.Linn
County,personally appeared...Ass is tant..Trust..Officer..of ..Pittsburgh ..National.......who being
Bank
duly sworn says that ..Gl1:'l~IlC:~Y ..l ~;t;"~.~.t~,J;'late resident of
Borough of East
.W~~h;i,ngt~m ,Washington County,Pennsylvania,a citizen of.Unit.e.d..s.t.at.e.s died
testate at..~~~l1~Ilg~()~..ff()~p..~~~.L on the Zn<L day of.~.c'~-Y.A.D.19.U..
at.,)..:.4?...0'c1ock..p.....m.,age.....6.7........leaving an estate of the estimated value of $...unkno.wn .....
personality,and $l..m.}q:).pwp realty,said real estate being located in ..
.................'i ~.:;', ,.
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The decedent's legatees and devisees are as follows:
1
NAME RELATIONSHIP RESIDENCE
527 East Beau Street
Lillian M.Frazier Wife Washington,Pa.15301
6 South Main StreetPittsburghNationalBank,Trustee None Washington,Penna.1530
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Testator has not married and nQ..
execution of the will offered for probate.
...cllildren have been born since the
Petitioner prays that the paper writing filed herewith datcd.J~m.\~ry..6.~.1967 .
may be admitted to probate as the last \Vill and Testament of said decedent,and to grant Letters
Chauncey Earl Frazier II and Pittsburgh National Bank
Testamentary thereon to .
461 Old Farm Road,Pittsburgh,Pa.15228 and
whose postoffice address is ~..~()~t:I1 ..11~.~Il...gt;".e~L ..W;3,~4:Lp.g:t;9n",)a L~~Ol ..
Sworn to and subscribed before me this.......J.l...
day o£....I~~y A.D.19 ..7,~.
...........~.~.....mC/Register
?e~l.,,~,,'1'l4/~l£i~~~~~~~F~~fer and
).....i~tt.~b.ur~~~~roJ.t~
Assistan Trust Officer
who being duly sworn doth depose and say that .they
()SS.:
Chauncey Earl Frazier II and
And now..l1<:ly..P ,19 ..7.2 ,comes Jo.se'p'h.Y~~iIlIl>...i\.s~.is.tClIlt..:r~ll.st
Officer of Pittsburgh National Bank
.will well and truly administer the goods
COMMONWEALTH OF PENNSYLVANIA,
WASHINGTON COUNTY,
and chattels,rights and credits of...ChGl.1,l.n<;:.~y.:r.•...FrGlzier dccea~ccl,
to the best of th~.ir.skill and judgment in strict compliance with the laws of this Commonwealth,
mindful of the laws relating to inheritance taxes.
Sworn and subscribed before me this......lJ ..
·Ii.:~~r,r-~....·R~gi~~·1n j
day of.......1'1.8.y .............A.D.19....72
"CL~X~~~~~~Jr~~\"t,-(XJ k~~--
Assistant Trust Officer of
Pittsburgh National Bank
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BE IT REMEMBERED,That upon this l.9 day of...J1gy,..
19 .7..?,before me B.\J.~.~.~.ll....Mar.i.no _Register for the probate of
Wills and granting Letters of Administration within and for said county,came ..
................................~.9..qn ....~.~......~~.Qr..§J.gh.t ....,.~.!J.~L..~t~.p.h.~m ....p..~.....~~!'.r..i.~~.r.!?:.~9 c!.~.~.~..~g.~~~..gr.~Jgh t
............................................................................................................the subscribing witnesses to the foregoing attached Will of
................................9..9:~.~.~.C?~Y..~.~E!'.~.:?.J.~.:r...
deceased,who,after being duly qualified according to law,depose and say:That they were present at the
execution of said Will-saw the testat....Qr...sign the same-heard .n.im publish it as and for
.......h.L~..last Will and Testament;that they at...hi.s request,in l:1i.&1 presence,and in the
presence of each other,subscribed their names thereto as witnesses;and at the time of the doing thereof said
testat..Qr was of sound,disposing mind,memory and understanding,to the best of the affiants'
knowledge and belief.
Sworn and Subscribed Before Me
///1/J~
......
/h£-Register
BSH:RED:rml
LAST WILL AND TESTAMENT
I,CHAUNCEY T.FRAZIER,of Washington County,Pennsylvania,
being of sound mind and memory do make,publish and declare this my
Last Will and Testament,hereby revoking and declaring null and void
any and all Wills and Codicils by me at any time heretofore made.
FIRST:I direct my Executors to pay my just debts,the
expenses of my last illness and my funeral expenses.
SECOND:I give and bequeath all my jewelry,automobiles,
clothing and other purely personal effects,as well as all household
goods and equipment which I may own,to my wife,LILLIAN M.FRAZIER,
if she survives me.
In the event my wife fails to survive me,I give
and bequeath the aforesaid items to my then living children,to be dis-
tributed among them as they shall mutually agree,or in the absence of
such agreement,as my Corporate Executor,in its sole discretion,shall
deem advisable,making such distribution in as nearly equal shares as
possible.
THIRD:A.If my wife,LILLIAN M.FRAZIER,survives me,I
give,devise and bequeath to PITTSBURGH NATIONAL BANK,Pittsburgh,
Pennsylvania,as Trustee,under that certain Revocable Life Insurance
Trust Agreement dated November 14,1960,as amended by a Restating Amend-
ment dated , and actually executed by me prior to the
execution of this Last Will and Testament and as the same may be further
amended from time to time,so much of my estate as will afford my estate
the maximum allowable marital deduction under Federal Estate Tax Laws when
this share of my estate,so given,is considered with any and all other
property of mine passing or which has passed to my wife under the provisions
of this Will or otherwise,and which other property is included in the mar-
ital deduction allowed my estate.There shall be excluded from this devise
and bequest any assets which do not qualify for the marital deduction.The
property thus bequeathed shall be held as the Marital Trust under the terms
of said Agreement.
In the event my wife and I should die either simul-
taneously or under circumstances which do not afford sufficient evidence as
to who was the survivor,it is my intention that it be presumed that my wife
survived me.
B.All the rest,residue and remainder of my estate re-
maining after the payment of taxes as hereinafter provided,I give,devise
and bequeath to my said Trustee to be held as the Residuary Trust under the
Revocable Life Insurance Trust Agreement referred to above.
C.In making a division between the Marital Trust and
the Residuary Trust,my Trustee shall allocate all of my stock in FRAZIER-
SIMPLEX COMPANY to the Residuary Trust,provided,however,that such alloca-
tion does not effect the size or validity of the Marital Trust.
FOURTH:If for any reason the said Trust Agreement is ineffec-
tive as a trust at the time the assets of my estate are to be added to it,
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then the property herein given,devised and bequeathed to PITTSBURGH
NATIONAL BANK,as Trustee under such Trust Agreement shall be held by it
in trust in accordance with the provisions of the said Agreement in its
form immediately prior to the execution of this Last Will and Testament.
FIFTH:In addition to the powers conferred by law,my Execu-
tors shall have the following discretionary powers:
A.To retain as part of my estate any property received
hereunder,without any duty of diversification,and which shall specifi-
cally include any stock which I may own at my death in PITTSBURGH
NATIONAL BANK.
B.To invest and reinvest the principal of my estate in
such stocks,bonds,mortgages,securities or other property,real or per-
sonal,without being limited to the classes of securities or investments
in which fiduciaries are by law authorized to invest funds.
c.To sell,exchange,lease,encumber,option or otherwise
dispose of all or any portion of my estate,real or personal,in such manner
and upon such terms and conditions as shall be deemed advisable,and to
make,execute and deliver deeds,mortgages,leases,assignments and other
documents necessary to effectuate any powers herein granted and which shall
specifically include the authority to grant leases extending beyond the per-
iod authorized by law.
D.To make distribution of my estate in kind,in cash,
or partly in kind and partly in cash and to this end,allocation of
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assets in kind shall be in the sole discretion of my Executors.Assets
distributed in kind in satisfaction of any pecuniary distribution under
the terms of this Will shall be distributed at their values on the date
or dates of distribution.
SIXTH:I direct my Executors to payout of the principal
of my residuary estate all Federal Estate,State Inheritance,Estate
and Succession Taxes imposed upon or with respect to my estate or any
property in which I may have an interest,including any property not
forming a part of my testamentary estate but included in my gross estate
for tax purposes,except any property over which I have a taxable power
of appointment in the event it shall be held that I have not exercised
such power of appointment in this Will,at such times and in such manner
as my Executors in their sole discretion shall deem advisable,and no such
taxes or any portion thereof so paid shall be collected from or paid by
any other person,persons,or corporations by way of reimbursement,
proration,apportionment or otherwise.
SEVENTH:I name and appoint my son,CHAUNCEY EARL FRAZIER,II,
and PITTSBURGH NATIONAL BANK,Pittsburgh,Pennsylvania,as Executors of
this,my Last Will and Testament.In the event my son,either at the
time of my death or thereafter,should be unwilling or unable to serve
for any reason,no successor shall be appointed.
No individual fiduciary shall be required to post
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bond or any additional security in any jurisdiction in which such fidu-
ciary shall be required to serve.
EIGHTH:I appoint PITTSBURGH NATIONAL BANK as Guardian
of any property which passes to a minor and with respect to which I am
authorized to appoint a Guardian and have not otherwise specifically done
so,granting it in this capacity the power to agree to any distribution
of the said property that it deems advisable;the power to retain any
property,real or personal,received by it in kind and the power and
authority to sell the same upon such terms and conditions as it believes
advisable,giving good title to any real estate thus sold;and the power
and authority to invest in such stocks,bonds and/or other investments it
deems advisable,without being limited to those investments in which
guardians are by law required to invest minors'funds;and the power and
authority to disburse to or for the benefit of the minor wards so much of
the income and the principal of the minor's share of the said property as
it,in its sole discretion,deems advisable for the minor's comfort,
maintenance,support and complete education,including preparatory,college
and post-graduate or professional training,and to aid the minor in the
event of any illness,injury or other emergency affecting the minor wards
wherein money is needed.Any disbursements hereinabove authorized may be
made to the parent,guardian or such other person as may have custody of
the person of that minor at the time such payments are made,without
liability on the part of PITTSBURGH NATIONAL BANK to see to the application
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of said payments by the payee,and the receipt of any such person shall
be a full acquittance of PITTSBURGH NATIONAL BANK as to any amount so paid.
19LrL·
WITNESS my hand and seal this \.0 ~
Signed,sealed,published and declared by the above named Testa-
tor,CHAUNCEY T.FRAZIER,as and for his Last Will and Testament,in the
presence of us,who at his request,in his presence and in the presence of
each other have hereunto subscribed our names as witnesses.
Address
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Address
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