HomeMy WebLinkAboutOC1968-1272 - ESTATE OF DICIO..
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· I, FRANK DiCIO, of the Borough of Canonsburg, County of
Washington, and Commonwealth of Pennsylvania, do make this my
Ias:t Will and Testament, hereby revoking all \U:.ls heretofore
made by me.
FIRST: I direct my Executors to pay all of my just debts
and the expenses of my funeral as soon after my death as may be
convenient.
I direct that all inheritance, ~uccession, and
estate taxes assessed because of my death, \'lhett.er the property
or f~nds to which such taxes are attributable pass under this. my
\Vill or not, be borne by the principa·l of my residuary estate and
that my Executors pay or provide for the payment of such taxes at
such time or times·and in such manner as my Executors deem to be
convenient.
SECOND: I give and bequeath all of my tangible personal
belongings to my wife, JOAN DiCIO, or, in the ev~nt of her
death before my death, to my surviving children in shares con-
sidered by my Executors to be approximately equal in value. ·
THIRD: I direct my Executors to pay in ~ull any balance
existing at the time of my death on any bond secured by a mortgage
on my residence at No. 333 Ha\'tthorne Street, Canonsburg, Pennsyl-
vania, and one-half (1/2) of the a~ount of any balance existing
at the time of my death on any bond secured by a mortgage on.my
property at No. 4212 Knight Avenue, Tampa, FloriC:a.
FOURTH: I give, bequeath, and devise all the residue of
my property and estate, personal and real, to· the Trustees under
my agreement with FIDELITY TRUS of ?ittsburgh, Pennsyl-
vania, dated the ;:<.s-day of ~r:z-=tJ~ ~ ~~~~----~-------, A. D. 19 ~'L,.
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providing for the disposition of the proceeds of policies of
insurance on my life payable to it. The property here given to
the Trustees shall become a part of and enlarge the corpus of
.. th.e trust established by the said· agreement .
. The operation of this clause of my \Vill shall n.ot
be affected by subsequent revocation of the said·agreement. The·
said agreement, as it may have last been amended, shall remain in
effec·t for the purpose of expressing the trustE imposed upon my
residuary estate and of defining the duties, p~~ers, a~thority,
and immunity of the Trustees.
FIFI'H: I authorize my brother, MARIO CiCIO, one of· the
Executors of this my Will, to c·ontinue the business knovm as . I
DiCio Motor Company, Canonsburg, Pennsylvania, in which I have an
interest, for such period as he may deem proper with pm'ler to
borrm'l money and pledge the assets of the business, and with
power to do all other acts that I in my lifetime could have done
· or to delegate such powers to any partner, mana§?;er, or employee
without liability for any loss occurring therei~.
I authorize my Executors to mak~ public or
private sale of my interest in said business at such time or
times, and for such price or prices, and upon such terms as to
cash and credit, with or \'lithout security for the purchase price,
·as to my ·brother, r~TARIO DiCIO, may seem best, and to execute all
nec~ssary assignments or conveyances to the purchasers with~ut ·
liability on the part of the purchasers to see to the.application
of the purchase monies. "
My brother, MARIO DiCIO, one of the Executors of
this my Will, shall have unrestricted authority to make all
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l decisions relating to the management, operation, or sale of my
1 interest in said business, and my corporate Executor shall be
fully protected and shall incur no liability as a result or any
action taken in pu~suance of such authority~
~ SIXTH: I give· to my Executors, in addition to the powers ~ conferred by law, the following discretionary p:n·Jers and authori~
i which may be exercised without application to a~y court, ahd I
~ direct that np person \'Ji th ~rhom my Executors rna; deal shall be
required to-inquire into the necessity or propr~ety of any of
them. 1 their acts or to see to the application of any money paid to i ~ (a) To retain as a part of my estate any stocks,
l bonds, or other items of property belonging to me at my death,
including stock of Fidelity Trust Company itself, and to transfer
the property so retained to my Trustees in kind.
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(b) Subject to the provisions of the preceding article
J ~ designated Fifth, to s711 and dispose of any property, real or
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personal, ~rhich I own at my death, at such price and upon such
terms as they may deem proper, and to execute pr~per deeds. How-
I • ever, no real estate may be sold over the objectlon of my brother,
Mario DiCio, one of the Executors of this my Will.
(c) To grant leases for any term or -;erms with or
without options for rene\'lal or purchase.
. (d') To compromise and settle any differences and
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1 claims arising in the administration of my estate, whether such
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claims be made by my Executors against other persons or by other
persons against my estate.
SEVENTH: I appoint FIDELITY TRUST COIJIPANY, of Pittsburgh,
Pennsylvania, Guardian of the estates of.my childlren during
their respective minorities.
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~ EIGHTH: I appoint my brother, MARIO DiGIO, and FIDELITY
~ Tl,\UST COI,IPANY, of Pittsburgh, Pennsylvania, Executors of this ~ 1 ij
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my Last Will and Testament.
In the event of the failure of my brother to
qualify,· or of his renunciation, resignation, disability, or
. . death', I appoint JM·1ES C. BANE to serve in his stead.
WITNESS my hand and seal this g ~day of f)~~
A. D. 19?
Signed, sealed, published, and declared b~-the above named
~ Testator, FRANK DiCIO, as and for his Last Will and Testament, ~ I in the p·resence of us, who, at his request, in his presence, and
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l ~ in the presence of each other, have hereunto s~bscribed our names
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as witnesses.
Address
Address
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RCC-144 (10-68)
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF COUNTY COLLECTIONS
INHERITANCE TAX DIVISION
TO: The Register of Wills
_,V'\=~A=S=H=I=N'--'=G=TO=N __ County
CERTIFICATION -
NO ASSETS IN EST ATE
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Date: January 31 , ) 973
Estate of FRANK DiCIO
Date of Death 8-19-68 -------------------
County File No. 37-1 50-5
Bureau File No.. 63-68-1 272
On ___;{J=:.....:=:.~-=--· ---=-~ _· _I _ , 19 if', I filed a petition for letters_____,,---..;,__-----------
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in the above estate for the sole purpose of
NO ESTAT!E
ALL PROPERTY HELD JOINT lVITH HUSBAND AND WIFE
This is to certify that there were never any assets, reportable for Pennsylvania Inheritance Tax
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purposes, in the estate of the decedent either at the date of death or subsequent thereto.
I certify that the statements contained herein are true and correct, to the best of my knowledge
and belief.
Title ----------------
Receipt Acknowledged ~~
(Register of Wills) (Date)
(PREPARE IN TRIPLICATE)
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