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Home My WebLink AboutOC1970-0957A - ESTATE OF RESNICK-------------------------------- " #80820-8 '-'.J In t4t Q!ourt of Q!ommnn Jlrn.a of JllIn.a4iugtnn Q!ounty. Jtnn.aylnnnin.®rp4nn.a·Q!om Ilinillinn ESTATE OF BARNEY RESNICK,DECEASED FOR BERTHA RESNICK,NOW DECEASED - FUND A N 63-70-957Ao.---:::..:~~~.!..:=._ In the matterof the Supplement to First and Final Account of Ruth Friedman,Harold Friedman & Pittsburgh National Bank,Trustees Under Will ADJUDIC110N AND DECREE And now April 1--c ,1911-,this matter came on for hearing, audit and distribution at this session and testimony taken;and thereupon,upon due consideration thereof the balance for distribution in the hands of the Accountant is determined to be $208,215.84 and the account is accordingly confirmed;and it is ordered, adjudged and decreed that the said balance be paid out by the Accountant in accordance with the schedule of distribution hereto attached and made a part hereof,unless exceptions hereto be filed sec.reg.or an appeal be taken herefrom sec.leg. ~_.~~HE COURT~c J. SCHEDULE OF DISTRIBUTION Balance per ~Supplement to First and Final Account BaJance'_ Deduct Clerk's Costs &Receipts'--_ Attorney H'owar.dE.Goldfarb Per Petition for Distribution: TO:Pittsburgh National Bank,Ruth Friedman and Harold Friedman,Trustees Under Will of Barney Resnick for Bertha Resnick,Now Deceased -Fund A,Account #80820-8 PRINCIPAL -PERSONALTY Amount suspended for undetermined, Federal Estate Taxes owing as a result of the death of Bertha Resnick Per Sixth Paragraph IA.1 of Will: TO:Ruth Friedman and Marvin Resnick, Executors of Estate of Bertha Resnick INCOME -PERSONALTY Balance of net income accrued to 11/11/76, date of death of Bertha Resnick Stocks 646 shares Eastern Gas &Fuel Associates,Common Cash 8,006.43 130.57 $208,215.84 $208,215.84 50,000.00 8,137,00 ·~~. ~ 0 ~ ....» i n ::J Z );I' -.~~., n ....9 ~r "~...~~ 0 :T ~:r -..c (1) ~'"=Q)a 3 ;~ t=!0 0 0 ..~ _t ........... ~ .... ;..,-< (1) ~ ., t .)(J)~ ......0 "-; _.... ~j;\~ .... ~=: :T ..~;O (l) I=.-t.c.~--,'~~~ ~::E~~ ~L'"1..,. TR-2 REV.ij-62 IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION NO.63-70-957-A ESTATE OF BARNEY RESNICK,DECEASED FIRST AND FINAL ACCOUNT OF PIITSBURGH NATIONAL BANJo( RUTH FRIEDMAN AND HAROLD FRIEDMAN TRUSTEES UNDER WILL FOR BERTHA RESNICK NOW DECEASED FUND A l NO.80820-8 PITTSBURGH,PA. SUM MAR Y SCHEDULE A PRINCIPAL -PERSONALTY DECEMBER 3,1976 Receipts Pages 4&5 350,415 26 Disbursements Pages 6&7 Amount transferred to Principal-Realty SCHEDULE B INCOME -PERSONALTY Receipts Pages 8-10 Amount transferred from Income-Realty 201,214.8 2,133.0C Balance 67,572.50 10,824.90 203,347 81 147,067 45 78,397 40 SCHEDULE C PRINCIPAL -REALTY Receipts Page 12 Amount transferred from Principal-Personalty Disbursements Disbursments Page 11 Page 12 SCHEDULE D Balance 35,586.02 2,133.00 Balance 53,452 47 24,944 93 37,719 02 o 00 37,719 02 Receipts INCOME -REALTY Page 13 20,681 60 Disbursements Page 14 Amount trnasferred to Income-Personalty 9,856.70 10,824.9C Balance NET BALANCE 20,681 60 o 00 209,731 40 "'----------------------------------- TR-2-A REV.9-62 BARNEY RESNICK THE BALANCE CONSISTS OF THE FOLLOWING: PRINCIPAL -PERSONALTY Bonds Israel State of 12 yr.Dollar Savings 3rd Dev.Issue Reg. 0.00%due 6/1/78 300 par Israel State of 12 yr.Dollar Savings 3rd Dev.Issue Reg. 0.00%due 5/1/79 300 par Israel State of 12 yr.Dollar Savings 4th Dev.Issue Reg. 0.00%due 12/1/79 200 par Stocks Ford Motor Co.,common 150 shares McGraw Edison Co.,cornmon 650 shares Phillips Petroleum Co.,cornmon 300 shares Reynolds Metals Co.,cornmon 433 shares Westinghouse Electric Corp.,cornmon 200 shares Short Term Investments General Motors Acceptance Corp., Demand Note,88,000 par Miscellaneous 1/32 working interest in Keefer Well No.2 Oil and Gas Lease Roane Co. West Virginia Cash -2- 348 00 336 00 220 00 7,031 25 16,493 75 20,400 00 7,631 63 6,200 00 904 00 57,756 63 88,000 00 43 00 146,703 63 363 82 147,067 45 TR-2-A REV.9-62 BARNEY RESNICK INCOME -PERSONALTY Net income accrued to 11/11/76,date of death of Bertha Resnick,as follows: Stock 646 shares Eastern Gas and Fuel Associates,common Cash Net income since 11/11/76,date of death I of Bertha Resnick PRI.NCIPAL -REALTY 1/2 interest in property situate 151-59 South Main Street &10 West Strawberry Avenu~Washington County,Pennsylvania NOTE: The above balance is subject to payment of Attorney's fee in amount of $1,250.00 payable to Howard E ..Goldfarb,Trustee's Compensation in amount of $750.00 and expenses in amount of $181.92 payable to Ruth Friedman and Trustee's compensation in amount of $1,180.00 payable to Pittsburgh National Bank which will be charged and shown paid in a Supplement to this account. -3- 37,719 02 209,731 40 I TR-2-A REV.9-62 BARNEY RESNICK SCHEDULE A PRINCIPAL -PERSONALTY RECEIPTS Pittsburgh National Bank Ruth Friedman and Harold Friedman Executors of the Estate of Barney Resnick Deceased #80819-3 Advance distribution 11/27/73 as follows: Stocks 2,823 shares Eastern Gas and Fuel Associates,common 150 shares Ford Motor Co.,common 650 shares McGraw Edison Co.,common 300 shares Phillips Petroleum Co., common 433 shares Reynolds Metals Co.,common 200 shares Westinghouse Electric Corp. common Bonds State of Israel 12 yr.Dollar Savings 0.00%as follows: $300 3rd Dev.Issue Reg.due 6/1/78 300 3rd Dev.Issue Reg.due 5/1/79 200 4th Dev.Issue Reg.due 12/1/79 Notes Installment Judgment Note dated 8/31/67 of Marvin Resnick &Esther Resnick 4%interest $27,000 face amount -Balance due Demand Note dated 11/12/68 of Edward Pa11ik and Sarah Pa11ik 4%interest Demand Note dated 12/28/68 of Edward Pa11ik and Sarah Pa11ik 4%interest Demand Note dated 11/30/71 of Marvin Resnick -no interest 67,752 00 7,031 25 16,493 75 20,400 00 7,631 63 6,200 00 348 00 336 00 220 00 19,500 00 25,000 00 25,000 00 3,299 95 125,508 63 904 00 72,799 95 Miscellaneous 1/32 working interest in Keefer Well #2 Oil and Gas Lease Roane Co.W.Va. Cash -10/26/70 12/18/70 11/8/71 3/17/72 11/30/73 -4- 43 00 199,255 58 25,500 00 31,000 00 25,000 00 9,000 00 60 90,500 60 289,756 18 -----------------_.._.._---- BARNEY RESNICK ~-~---------~----------- TR-2-A REV.9-62 Assets Purchased Ford Motor Credit Co.,Short Term Loan 3/21/72 9,000.00 Genenal Motors Acceptance Corp., 6/18/75 6/20/75 9/26/75 1/2/76 1/21/76 3/9/76 Demand Not 38,000.00 128,000.00 126,000.00 126,000.00 99,000.00 88,000.00 1975 July Stock Splits 28 346 shares Eastern Gas and Fuel Associates common received to effect a 3 for 2 stock split on 692 shares Gain on Sale of Assets I o 001 1975 June 9 Net proceeds sale 823 shares Eastern Gas and Fuel Associates,common 300 at 46.50,500 at 46.25 23 at 46.125 37,912.90 carrying value 19,752.00 10 Net proceeds sale 1,000 shares Eastern Gas and Fuel Associates,common at 45.00 44,749.10 carrying value 24,000.00 11 Net proceeds sale 1,000 shares Eastern Gas and Fuel Associates,common at 46.00 45,749.08 carrying value 24,000.00 Sale and Conversion of Assets Without Gain or Loss 18,160 90 20,749 10 21,749 08 60,659 08 Proceeds sale Ford Short Term Loans 3/23/72 carrying value Motor Credit Co. at 100,as follows: 9,000.00 9,000.00 o 00 Proceeds sale General Motors Corp.,Demand Note at 100, 6/20/75 carrying value Acceptance as follows: 38,000.00 38,000.00 o 00 9/26/75 128,000.00 carrying value 128,000.00 12/30/75 126,000.00 carrying value 126,000.00 1/21/76 126,000.00 carrying value 126,000.00 3/9/76 99,000.00 carrying value 99,000.00 -5- o 00 o 00 o 00 o 00 o 00 350,415 26 ----------------------------------------~ BARNEY RESNICK TR-2-A REV.9-62 DISBURSEMENTS Administrative Expenses 1971 April 2 1974 Sept. Internal Revenue Service 1970 Income Tax on Accumulated Income 9 Chase Manhattan Bank N.A. Certificate fee 180 06 1 11 1975 Sept.22 Postage and insurance re delivery of securities 3 90 Dec.29 Ruth Friedman Co-Trustees fee Reimbursement for expenses 200 00 150 00 1976 Jan. I 1 Postage and insurance charges re delivery of securities 2 79 March 15 Internal Revenue Service 1975 Fiduciary Income Tax on Capital Gains March 24 Pennsylvania Department of Revenue 1975 Pennsylvania Fiduciary Income Tax on Capital Gains Amount reserved for filing this account Distribution 10,508 00 169 00 200 00 11,414 86 1970 Oct.26 Sarah Pa11ik,Ruth Friedman and Marvin Resnick Amount appointed by letter of Bertha Resnick dated October 13,1970 25,000 00 Dec.14 Ruth Friedman Amount appointed by Bertha Resnick by letter dated December 7,1970 Dec.14 Sarah Pal1ik Amount appointed by Bertha Resnick by letter dated December 7,1970 14 Marvin Resnick Amount appointed by Bertha Resnick by letter dated December 7,1970 9,000 00 13,000 00 9,000 00 1971 Nov.8 Sarah Pa11ik,Ruth Friedman and Marvin Resnick Amount appointed by Bertha Resnick by letter dated October 20,1971 25,000 00 1972 March 20 Mrs.Sarah Pallik Appointment against Marital Trust under will of Barney Resnick -6- 3,000 00 TR-2-A REV,9-62 1972 March 20 BARNEY RESNICK Mrs.Ruth Friedman Appointment against Marital Trust under Will of Barney Resnick 3,000 00 --l 20 Mr.Marvin Resnick Appointment against Marital Trust under Will of Barney Resnick 3,000 00 1975 Sept.16 Deliver to Marvin Resnick,Roger Resnick and Brian Resnick,Marvin and Esther Resnick $27,500 Installment Judgment Note dated 8/31/67 with interest at 4%19,500 00 16 Deliver to Sarah Pallik,IEdwardandSarahPallik$25,000 Demand Note dated 11/12/68 with I interest at 4%25,000 00 16 Deliver to Ruth Friedman,Penny Friedman Rashkin and Mark Friedman,Edward and ISarahPallik$25,000 Demand Note dated 12/28/68 with interest at 4%25,000 00 16 Deliver to Marvin Resnick,Roger Resnick I I and Brian Resnick,Marvin Resnick I,$3,299.95 Demand Note dated 11/30/71 without interest 3,299 95 1976 Jan.22 Marvin Resnick Cash Principal 3,000 00 22 Brian Resnick Cash Principal 3,000 00 22 Roger Resnick Cash Principal 3,000 00 22 Sarah Pallik Cash Principal 3,000 00 22 Howard Pallik Cash Principal 3,000 00 22 Allan Pallik Cash Principal 3,000 00 22 Ruth Friedman Cash Principal 3,000 00 22 Penny Rashkin Cash Principal 3,000 00 22 Mark Friedman Cash Principal 3,000 00 189,799 95- 201,214 81 Amount transferred to Principal-Realty for Capital Improvements 9/15/75 -7- 2,133 00 203,347 81 BARNEY RESNICK TR-2-A REV,9-62 SCHEDULE B INCOME -PERSONALTY RECEIPTS Income collected and accrued to 11/11/76 date of death of Bertha Resnick Pittsburgh National Bank Ruth Friedman and Harold Friedman Executors of the Estate of Barney Resnick Deceased #80819-3 The following awarded per decree dated 8/27/74 at No.63-70-957: Stock 672 shares Eastern Gas and Fuel Associates,common Cash Income-Short Term Investments Ford Motor Credit Co.', Short Term Loan $9,000 -to 3/23/72 Interest-Demand Note General Motor Acceptance Corp. 19,287 63 2,852 09 22,139 72 2 24 $38,000 -to 6/20/75 128,000 -to 9/26/75 126,000 -to 12/30/75 126,000 -to 1/21/76 99,000 -to 3/9/76 88,000 -to 11/1/76 Dividends Eastern Gas and Fuel Associates,common 3,515 shares 6/24/74 to 6/30/75 1,038 shares 9/29/75 to 12/29/75 669 shares 3/31/76 to 6/30/76 1,003 shares 9/30/76 Ford Motor Co.,common 150 shares 12/3/73 to 12/1/76 McGraw Edison Co.,common 650 shares 12/12/73 to 9/13/76 Phillips Petroleum Co.,common 300 shares 12/1/73 to 12/1/76 Reynolds Metals Co.,common 433 shares 12/20/73 to 9/29/76 -8- 12 22 I2,275 23 2,136 90 377 01 716 07 3,440 90 8,958 33 I i 3,339 25 415 20 267 60 200 60 1,410 00 2,713 75 1,537 50 1,255 71 -------------------------------_.- ---------_._- BARNEY RESNICK l TR-2-A REV,9·62 Westinghouse Electric Corp.,common 200 shares 12/1/73 to 12/1/76 631 80 11,771 41 Stock Dividends 1973 Dec.27 84 shares Eastern Gas and Fuel Associates, common 2,026.50 ICashinlieuof0.69 share 14.49 Received as a 3%stock dividend on 2,823 shares 2,040 99 1974 Sept.13 20 shares Eastern Gas and Fuel Associates, common 0.00 I Cash in lieu of 0.16 share 3.36 I Received as a 3%stock dividend on 672 shares 3 36 2,044 35 Stocks Splits I 1976 Aug.30 334 shares Eastern Gas and Fuel Associates, common 0.00 Cash in lieu of 0.50 share 12.08 Received to effect a 3 for 2 stock split on 334 shares 12 08 Miscellaneous Pittsburgh National Bank, Ruth Friedman,and Harold Friedman, Executors of the Estate of Barney Resnick #80819-3 1/2 Dividend on 1,000 shares American 50 I Standard Inc.,common payable 12/17/73 stock sold 12/7/73 87 Pittsburgh National Bank, Ruth Friedman and Harold Friedman Trustees under the Will of Barney Resnick for Bertha Resnick #34306-4 Fund B Net income -9/16/74 to 10/29/76 20,316 04 Net rents -9/12/74 2,000 00 22,403 54 67,331 67 Amount transferred from Income-Realty 4/19/74 to 11/11/76 10,782 25 78,113 92 -9- i .,. . BARNEY RESNICK TR-2-A REV,9-6 Income since 11/11/76 date of death of Bertha Resnick Interest-Demand Notes General Motors Acceptance Corp. $88,000 -11/11/76 to 12/1/76 240 83 Amount transferred from Income-Realty -12/3/76 42 65 283 48 78,397 40 I I I I I ! I , -10- - - TR-2-A REV,9-62 BARNEY RESNICK DISBURSEMENTS Disbursements to 11/11/76,date of death of Bertha Resnick Transaction charge on Short Term Investment 10/1/75 Pennsylvania Department of Revenue 1973-75 Pennsylvania Fiduciary Income Tax 9/10/74 to 3/15/76 Fee for the preparation and filing of the 1971,1973-75 Pennsylvania Fiduciary Income Tax Returns 12/4/72 to 7/30/76 Postage and insurance charges re sundry securities 1/15/74 1974-76 Washington County Personal Property Tax Pittsburgh National Bank Trustee's'Compensation On Principal On Income Distribution To:Bertha Resnick 84 shares Eastern Gas and Fuel Associates,common delivered 1/10/74 2,026.50 Cash -6/13/72 to 10/28/76 36,507.55 To:Esther Resnic~Edward Pa11ik and Harold Friedman 369 shares Eastern Gas and Fuel Associates,common delivered 12/30/75 6,856.59 357 shares Eastern Gas and Fuel Associates,common delivered 10/27/76 4,424.61 Disbursements since 11/11/76,date of death of Bertha Resnick 1976 Washington County Personal Property Tax Amount reserved for 1977 Washington County Personal Property Tax Pittsburgh National Bank Trustee's Compensation On Income -11- 15 00 243 10 80 00 1 21 651 76 1,175 64 1,367 31 38,534 05 11,281 20 8 76 80 00 14 44 3,534 02 49,815 25 53,349 27 103 20 53,452 47 i ! I TR-2-A REV,9-62 BARNEY RESNICK SCHEDULE C PRINCIPAL -REALTY RECEIPTS Pittsburgh National Bank Ruth Friedman and Harold Friedman Executors of the Estate of Barney Resnick Deceased #80819-3 1/2 interest in property situate 151-59 South Main Street and 10 West Strawberry Avenue,Washington County,Pennsylvania awarded per decree dated 8/27/74 at No.63-70-957 Capital Improvements on Property 35,586 021 material for West Strawberry 2,133.00 1975 Sept.17 1/2 share of labor and replacing roof at 10 Way Increase in carrying value of property 2,133.00 o 00 35,586 02 Amount transferred from Principal-Personalty for Capital Improvements 9/15/75 DISBURSEMENTS None -12- 2,133 00 37,719 02 o 00 BARNEY RESNICK TR-2-A REV.9-62 SCHEDULE D INCOME -REALTY RECEIPTS Income collected and accrued to 11/11/76 date of death of Bertha Resnick , Rents -1/2 Share 151-59 South Main Street and , 10 West Strawberry Avenue,Washington ICounty,Pennsylvania,I IDec.1973 to Nov.1976 20,636 00 Income since 11/11/76 date of death of Bertha Resnick I I Rents -1/2 Share 151-59 South Main Street and 10 West Strawberry Avenue,Washington County,Pennsylvania Dec.1976 45 60 20,681 60 -J.3- TR-2-A REV.9-62 BARNEY RESNICK DISBURSEMENTS Disbursements to 11/11/76,date of death of Bertha Resnick Taxes and Expenses -1/2 Share 151-59 South Main Street and 10 West Strawberry Avenue,Washington County,Pennsylvania Taxes 1974-76 City,County and School 8/30/74 to 8/17/76 Insurance Fire,Liability and Plate glass 4/17/74 to 12/1/76 Columbia Gas Service 12/21/73 to 11/17/76 West Penn Power Co. Service 12/21/73 to 11/19/76 5,276 30 1,474 64 671 52 362 60 Repairs and Maintenance 2/25/74 to 9/15/76 Less:Ryder System Inc. Settlement of damages 2/17/76 Equifax Retailers Commercial Agency Credit check on tenant 11/8/76 Pittsburgh National Bank Commission 1,003.27 280.00 723 27 4 03 1,341 39 9,853 75 SK;mmm Amount transferred to Income-Personalty 4/19/74 to 11/11/76 Disbursements since 11/11/76,date of death of Bertha Resnick Taxes and Expenses -1/2 Share 151-59 South Main Street and 10 West Strawberry Avenue,Washington County,Pennsylvania Pittsburgh National Bank Commission Amount transferred to Income-Personalty -12/3/76 -14- 2 95 42 65 10,782 25 20,636 00 45 60 20,681 60 #80820-8 COMMONWEALTH OF PENNSYLVANIA COUNTY OF ALLEGHENY SS HAROLD FRIEIMAN,the above named accountant,being duly sworn according to law,deposes and says that the disbursements shown in the account.have been made to the parties entitled thereto and that the account as stated is true as he veril y believes•• Sworn and subscribed before me this .A@abim.RAS,Notary Public P,ttsburgh,Allegheny County,Pennsylvania My Commission Expires March 5,1979 TR·II77 1"-7e1 Na #80820-8 COMMONWEALTH OF PENNSYLVANIA SS COUNTY OF ALLEGHENY RlITH FRIEDMAN,the above named accountant,being duly sworn according to law,deposes and says that the disbursements shown in the account .have been made tq the parties entitled thereto and that the account as stated is true as 5 he verily believes.: Ruth Friedman N ;.0flG!4.PffiJRNARAS,Notary Public~I urgti,Allegheny County,Pennsylvania tl~Commission Expires Marcb 5,197~ Sworn and subscribed before me this ---'(~,.;.<.:;__,j*'~.->...-~- '. Per Sixth Paragraph IA.2 of Will: (As per Power of Appointment exercised by Bertha Resnick by her Last Will and Testament) TO:Marvin Resnick -1/3 share (Per Election to Take In Kind) PRINCIPAL -PERSONALTY Bonds 300 Isreal State l2-year Dollar Savings,Third Development,Issue of 6/1/78 Cash 348 5.363 00 19 INCOME -PERSONALTY 5,711 19 Net income since 11/11/76, date of death of Bertha Resnick PRINCIPAL -REALTY 1/2 interest in property situate 151-159 South Main Street & 10 West Strawberry Avenue, Washington County,Pennsylvania Per Sixth Paragraph IA.2 of Will: (As per Power of Appointment exercised by Bertha Resnick by her Last Will and Testament) TO:Ruth Friedman -1/3 share (Per Election to Take in Kind) PRINCIPAL -PERSONALTY Bonds 300 Israel State l2-year Dollar Savings,Third Development,Issue of 5/1/79 Stocks 1,315 43.000 336 09 00 00 50,026 28 75 shares Ford Motor Company,Common 325 shares McGraw-Edison Company, Common 150 shares Phillips Petroleum Company, Common 216 shares Reynolds Metals Company, Common 100 shares Westinghouse Electric Corp.,Common TR.g8Z-A (4-78)NS 4,434 38 10,075 00 8,718 75 8,721 PO 1.800 100 34,085 113 -2- '- Cash INCOME -PERSONALTY Net income since 11/11/76, Date of death of Bertha Resnick Per Sixth Paragraph IA.2 of Will: (As per Power of Appointment exercised by Bertha Resnick by her Last Will and Testament). TO:Ruth Friedman,Marvin Resnick &Edward Pallik,Trustees Under Will of Bertha Resnick for Sarah Pallik -1/3 share Account II (Per Election to Take in Kind) PRINCIPAL -PERSONALTY Bonds 200 Israel State l2-year Dollar Savings,Fourth Development Issue due 12/1/79 Stocks 75 shares Ford Motor Company,Common 325 shares McGraw-Edison Company, Common 150 shares Phillips Petroleum Company, Common 217 shares Reynolds Metals Company, Common 100 shares Westinghouse Electric Corp.,Common Miscellaneous 1/32 working interest in Keefer Well No.2 Oil &Gas Lease Roane County,West Virginia Cash INCOME -PERSONALTY Net income since 11/11/76,date of death of Bertha Resnick 14,626 06 48,HI 19 1.315 09 220 00 4,434 37 10,075 00 8,718 75 8,761 38 1,800 00 43 00 34,052 50 14.658 69 48,711 19 1.315 09 50,026 50,026 -. 28 28 Recorder of Deeds,Recording Certifi- cation of Real Estate Redebit from moneys reserved for recording Schedule B AC/bs -3- 9 9 00 00 208,215 84 9 PO NO BALA~CE • IN THE COURT OF CO~10N PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION IN RE: No.63-70-957-A ESTATE OF BA~~EY RESNICK, deceased REAL ESTATE TO BE CERTIFIED TO THE RECORDER OF DEEDS OF WASHINGTON COUNTY PITTSBURGH NATIONAL BANK,RUTH FRIEDr~N and HAROLD FRIEDMk~, TRUSTEES,to MARVIN RESNICK: ALL the right,title and interest of the Trustees,being an undivided one-half interest,in and to All that certain lot of ground situate on the Southwest corner of Main Street and Strawberry Alley in the First Ward of the City of Washington,County of Wash- ington,and Commonwealth of Pennsylvania,bounded and described as follows,viz: On the North by Strawberry Alley,on the East by Main Street,on the South by property now or formerly Qf r1rs.Henderson, on the West by a ten-foot alley,and fronting on said Main Street fifty (50)feet,more or less,and extending back therefrom along the South line of said Strawberry Alley of uniform width a distance of 230 feet,more or less,to a ten-foot private alley,with the right of ingress and egress over the said ten-foot alley.Having erected thereon a three story brick building with two one-story additions,a one story brick building and a one story metal building. BEING the same real estate awarded to the Trustees by Adjudication dated August 27,1974,filed at the above number and term,and certified to the Recorder of Deeds of Washington County, Pennsylvania by Certification recorded in Deed Book 1542,page 212 .. CERTIFIED TO RECORDER 4 May 1977 (' CO\B10\iWEALTH OF PE~~SYLVA~IA COL\iTY OF ALLEGHE~Y SS RAOUL PRUGER,VICE PRESIDENT,..of PiUsbl:.;gh \iational Rank,the within named accountant,being duly sworn according to law,deposes and says that t h ('foregoing account a s stated is true and correct a s he/she verily believes. Sworn and subscribed before me ) this day of ) ) ) )____________l By __...>J,I__--:...__~,)_~_ VICE PRESIDENT ~8~er~GP!H&his r!obry ?J!":c P·~'.D~;,t("":,1~':~el")l.",uot'Tj.Penn''.)-.." :,~,';~rr.,"":':>.O[l I:..lp.le~r.~~r';ll :>.;.~19 WASHI\iGTO~COL~TY:55 I do certify t hat I ha v e g i ve n leg a I notice to a II persons concernf'd 0 f the f iii n g 0 f the within account in the man n e r perscribed by Statute and Rule of Court,a s evidenced by proofs therf'of filed t 0 ~o.(,.3 -71 -I ___._ Witness my hand and official seal this __---:d'b.g C-c:L=-_ day of ;;,felt',19 '17 tI.i3, (~ J 8' SoCJCJ,,::r: H,,::r::z; H fJ:.l Cl~ ~o IN THE COURT OF COW10N PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION IN RE: ~I .- ESTATE OF BARNEY RESNICK, deceased for BERTHA RESNICK, now deceased -FUND A No.63-70-957A PETITION TO LIFT SUSPENSION 1.Petitioner is Pittsburgh National Bank,one of the Trustees. 2.In the Petition Sur Audit dated March 17,1977 and filed at the above number and term,Pittsburgh National Bank and its Co-Trustees,Ruth Friedman and Harold Friedman, requested the Audit Court to suspend $50,000.00 pending final settlement of Federal Estate Taxes owing as a result of the death of Bertha Resnick,life beneficiary. 3.In the Adjudication and Decree of April 7,1977 the Court did order that $50,000.00 be suspended for said un- determined Federal Estate Taxes. 4.The Internal Revenue Service did audit the Federal Estate Tax Return of Bertha Resnick,and the result thereof was the settlement of a tax deficiency which calls for additional payment of Federal Estate Taxes in the amount of $5,847.54 plus interest from August 11,1977.The Internal Revenue Service issued an Estate Tax Closing Letter on June 14,1978 confirming that the net Federal Estate Tax of the Bertha Resnick Estate was $78,395.54 ..The said Estate had paid $72,548.00 on August 8, 1977 with the filing of the Federal Estate Tax Return. 5.The Executors of the Estate of Bertha Resnick,who are Ruth Friedman and Marvin Resnick,are holding,in said fiduciary capacity cash and other liquid assets far in excess of the amount necessary to pay the aforesaid settlement to the Internal Revenue Service,and have assured Petitioner that the necessary amount will be paid to the Internal Revenue Service as soon as the bill for same is received. 6.Attorney Howard E.Goldfarb joins in this Petition in order to aver the truth of the allegations of fact stated herein.He is the attorney for the above captioned Trust as well as the attorney for the Executors of the Estate of Bertha Resnick. WHEREFORE,Petitioner does request your Honorable Court to lift the suspensions stated in the Adjudication and Decree of April 7,1977,and allow distribution of the funds as per the tax suspension account and proposed Schedule of Distribution at- tached hereto. Attest:PITTSBURGH NATIONAL BANK Date:"--9 ,1978 Cm1JllONWEALTH OF PENNSYLVANIA COUNTY OF WASHINGTON Before me,the undersigned officer,personally appeared HOWARD E.GOLDFARB,ATTORNEY,who being duly sworn according to law,deposes and says that the allegations of fact set forth in the foregoing Petition are true and correct to the best of his knowledge,information and belief. ~ Sworn to and subscribed before me this ~q +17 day of ~J/Ve ,1978. 1Mln~~~reJANotayPUbl'c y Cor~11ss1on Explres: DENISE MARIE MANES•.NOTARY PUBLIC WASHINGTON.WASHINGTON COUNTY r.U COMMiSSION EXPIRfS MAR.2.1981 t!ember.PennsylvaniaAssociationof Notarb -2- TR-2 REV.il-52 '. IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION I NO.63-70-957-A DECEASEDESTATEOFBARNEYRESNICK, I TAX SUSPENSION ACCOUNT OF PllTSBURGH NRTIONRL BRNK RUTH FRIEDMAN AND HAROLD FRIEDMAN,TRUSTEES UNDER WILL FOR BERTHA RESNICK,NOW DECEASED,FUND A NO.80820-8 PITTSBURGH,PA.JUNE 7,1978 , SUM M A R Y SCHEDULE A PRINCIPAL-PERSONALTY Receipts Page 3 50,000 00 Disbursements Page 3 10 00 Balance 49,990 00 SCHEDULE B INCOME-PERSONALTY Receipts Page 4 3,702 03 Disbursements Page 4 278 75 Balance I3,423 28 I NET BALANCE 53,413 ba I I I! i I I I II I I BARNEY RESNICK TR-2-A REV.9-6, THE BALANCE CONSISTS OF THE FOLLOWING: PRINCIPAL-PERSONALTY Cash 49,990 00 INCOME-PERSONALTY Cash 3,423 28 53,413 28 I . -2- - BARNEY RESNICK TR-2-A REV.9-62 II I I SCHEDULE A PRINCIPAL-PERSONALTY RECEIPTS Amount suspended for undetermined Federal Estate Taxes owing as a result of the death of Bertha Resnick 50,000 00 I I Assets Purchased I I General Electric Company,Demand Note 4/21/77 50,000.00 7/15/77 1,000.00 1/3/78 50,000.00 Conversion of Assets Without Gain or Loss--_.. Proceeds sale General Electric Company, Demand Notes,@100 I 5/6/77 1,000.00 I Carrying Value 1,000.00 a 00 12/29/77 50,000.00 Carrying Value 50,000.00 a 00 6/14/78 50,000.00 Carrying Value 50,000.00 a 00 a 00 50,000 00 DISBURSEMENTS Administrative Expenses Amount reserved to pay cost of P,etition to Lift Suspension 10 00 -3- - BARNEY RESNICK 00 631 30 00 25 222 12 1- -4- Pittsburgh National Bank Transaction charges on sale of Short Term Investments 5/11/77 to 6/14/78 Pittsburgh National Bank Telephone call to Berea,Ohio on 7/22/77 Pittsburgh National Bank Trustee's Compensation Pittsburgh National Bank Fee for perparation and filing 1976 Pennsylvania Fiduciary Income Tax Return Sept.29 1977 July 29 TR-2-A REV,9-6 SCHEDULE B INCOME-PERSONALTY RECEIPTS Interest-Short Term Investments General Electric Company,Demand Notes $50,000 to 4/30/77 69 40 1,000 to 5/6/77 0 70 I49,000 to 6/30/77 453 97 I50,000 to 12/29/77 1,584 80 50,000 to 6/14/78 1,593 16 3,702 03 I DISBURSEMENTS 278 75 , 1,141 09Cash ......" " BERTHA RESNICK TR-2-A REV.9-62 PROPOSED SCHEDULE OF DISTRIBUTION TO:Marvin Resnick -1/3 share PRINCIPAL-PERSONALTY Cash 16,663 33 INCOME-PERSONALTY Cash 1,141 10 17,804 43 TO:Ruth Friedman -1/3 share I BRINCIPAL-PERSONALTY Cash 16,663 33 INCOME-PERSONALTY Cash 1,141 09 17,804 42 TO:Ruth Friedman,Marvin Resnick and Edward Pallik,Trustees under Will ofBerthaResnickforSarahPal1ik 1/3 share PRINCIPAL-PERSONALTY Cash 16,663 34 INCOME-PERSONALTY 17,804 43 53,413 28 AC/ka -5- IN THE COURT OF CO~MON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION IN RE: ESTATE OF BARNEY RESNICK, deceased for BERTHA RESNICK, now deceased -FUND A ORDER No.63-70-957A AND Nm'l, upon consideration of Petition,and upon the representations and motion of Howard E.Goldfarb,Attorney, it is hereby ORDERED that the suspension of the $50,000.00 in the Adjudication and Decree of April 7,1977 is hereby lifted, and the Trustees are authorized to make distribution to the beneficiaries as per the proposed Schedule of Distribution stated on page 5 of the tax suspension account attached to the within Petition. --~~----------------- ~*~.oD IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNA. ORPHANS'COURT DIVISION ~3q5"7 No.63-70-957A IN RE: ESTATE OF BARNEY RESNICK, deceased for BERTHA RESNICK,now deceased - FUND A ~J:~0 I II PETITION TO LIFTZg~SUSPENSION .ORnER~:E>>'o /11 -I :::tl~~d 0 ';ll ~~mZ1lI-<•~c>G'l-<Z-I o ..r Q I'"•• •--<.>r ...~.;c·~!!l:E o'(n-',!->~".....:2·~'""--!:l >'.,-..; ~:::tl •~~ro w '. ~ 1-'-:;-:;;----...".~:.. {.......) <..v .~HOWARD E.GOLDFARB ATTORNEY AT LAW !SO WEST WHEELING STREET WASHINGTON.PENNSYLVANIA 1!S301 /Jd-f/f ,------------------- .. ._---------------------------------- -----_._------------, :x: ~ (( D1 ~I «r·:z«~> 0 ..J>-(J) '-z,z((w ~Q. :i:r:<.:la: L!)::>co0:(J) :J l= 00 ii p1 C!..... f:'• ..---~~~~~~----..-~~-------_.- J IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PA. (Orphans'Court Division) TIME:Tuesday,March 22,1977 At 9:50 A.M. THE HONORABLE PAUL A.SIMMONS Judge _of the lsaid Court• HOWARD E.GOLDFARB,ESQUIRE 50 W.Wheeling Street,Washington,PA Representing the Accountant I 't No.63-70-957A ) ) ) ) ) ) ) ,. , I ;-.i HEARING ON AUDIT iiiII:IaI~~APPEARANCES: IaIII: ~:;)oIJ oJ0( U~ll.o ..:uit~is ol~u is BEFORE:;).., :z:~N ~In Re: z0(~Estate of >-IIIZffi BARNEY RESNICK, Q, ~Deceased l-I:) Z x:III 0( 3: -rr Janet A.Jackson Official Court Reporter 2. BY THE COU,RT:~The next es tate is the Resn:ick.' estate of Barney/Now,for the record,this is a. trust,number 70~957A..' this is the marital trust under the will of the decedent.And it is now ready for audit,the life And in this marital trust,since the marital trust If the Court please, beneficiary -the sole life beneficiary having died MR.GOLDFARB: is subj ec t to a Federal estate tax liability,'in on November 11,1976.All exhibits are attached. 0( z 0(~>-IIIZZ1110. ioI-~Z :x:Ul0( :it,. .,:u it~ is .J0( Uis ::l., :z:l-I'N anticipation of the possibility that the -remote possibility that the probate of estate of the life tenant would not be sufficient to pay the Federal estate tax,there has been suspended by Pittsburgh National Bank as one of the co-trustees with the Federal estate tax liability~-- consent of all interested parties,the sum of $50,000 until we get the final settlement in the ftiItIIIl-ll:o0.IIIIt ~:loU .J~uii:u.o THE COURT:Do you want are-award of of $50,000? MR.GOLDFARB:Yes,they have a re- award of $50,000 to the trustees for that limited purpose;I can tell the Court that I believe the probate of the estate of the life tenant will be more than sufficient to pay all Federal estate .-------------..----------------------------~ 3. taxes and everybody is agreeable,all the heirs and trustees,to do this simply to be utterly con- servative in that respect. (Mr.Zermani leaves the courtroom to trusts because even -the marital trust is not sub- However,it is subject to Federal estate tax. Barney Resnick r That's the A Trust Fund. All right,very good. May I ask a question• Yes,there is no By Barney Resnick,yes. :t mean the State of MR.GOLDFARB: THE COURT: MR.GOLDFARB: THE COURT:" · .THE COURT':' make this announcement,returning in a few minutes. Now,would you please announce the estate of ject to Pennsylvania inheritance tax even though thE life beneficiary has a general power of appointment now?All estate liabilities have been paid? Pennsylvania? Pennsylvania inheritance tax on either one of these ! e 0( z0(>..I>-VI ZZ1&1II. i0I-elZ XlI).0( ~ .... (J.iii:l-ll) e c ..I~U 0 ::l., :c~,.. N !Iill:1&1l-ll:0II.1&1ll: l-ll:~0(J ..I0( U~LI.0 e MR.ZERMANI:I received no response your Honor. ~,THE COURT:All right,do we have .-----------,:r----------------------------------------------- 4. anyb9dy in tne c9urtroom other than Mr.Goldfarb interested in the estate of Barney Resnick,the A - that's the letter A Trust Fund? (NO RESPONSE ) THE COURT:Hearing no response, the audit of this estate is ordered closed subject to a re-award to the trustee ,Pittsburgh National Bank,of $50,000 for inheritance tax liabilities. Now,Mr.Goldfarb,if there's an excess of that $50,000,what -suppose it takes $30,000 to pay the tax and there's $20,000 left over,does that go in accor9ance with the--- ,. Yes. ,.,... It go.e$accord'ing to the power ....'.i t of appointment exer.cised in the will of Bertha Resnick,which "has been probated in the Register of v.Jills office. THE COURT:So any excess of that $50,000 re-award would be distributed in accordance with the residuary clause of Bertha Resnick's will? MR.GOLDFARB:It will be distributed in accordance with a specific power of appointment exercised in Bertha'Resnick's will which actually distributes it among her three children,one-third to each except that the third child who is somewhat ill receives that share through another trust.But it will be a very simple disbursement.It will be in equal one-third shares. 5. THE COURT: MR.GOLDFARB: But mainly......- From the trustee's standpoint,it will be an equal di~bursement of one-third shares,.any residue of'~hat $50,000 .. " THE COURT:Well,just for succint ness,we could say that th~residue of the $50,000, if any,shall be distributed in accordance with the power of appointment as·~xercised by the late Bertha Resnick? MR.GOLDFARB: Honor. That is correct,your THE COURT:V~ry good. ************ -------------------------------.,--......., • 6. • Tho foreeoin3 record of procoedincs at the hC::lrinl;1n the above cause is.hereby approved and I hereby certiry that tho proceedincs nre contulnad fully and a.ccurately in thO.notes takon by flO at the hearine in the above cause and that this copy in a correct transcript of tho sat1e. '*4 L By the Court • ~4~.--~~Jan ,££Jackson Official Court Reporter directed to bo filed. ., •• Paul A.Simmons,J. !o LAW OFFICES HOWARD E.GOLDFARB 5tJ ~~~~~-/5.JtJ-/ 4 I 2 222-6350 March 22,1977 Chris Vlachos,Esq. Court House Washington,Pennsylvania Re:No.63-70-957A No.63-70-957B Barney Resnick Testamenta~y Trusts Dear Chris: Please add the following recital paragraph to the Real Estate Certifications in both Trust A and Trust B: "Being the same real estate awarded to the Trustees by Adjudication dated August 27,1974,filed at the above number and term,and certified to the Recorder of Deeds of Washington County,Pennsylvania by Certification recorded in Deed Book 1542,page 212." Sincerely, HEG:CN J /QrnUttty 63-70-957ANo._ JUrall nf lJallijittBtnu 1ltinillintt " nf Qrnmmntt ®rpijaull'Qrnurt v Qrnurt ...... ~lt ~.'c:~ ( I l-..'"..-. In the matter 'of the Audit of Account in.........".'~ ..l'-"W Estate 0;;'-'\-~A:tmEY RESNICK,DECEASED FOR -BERTHA RESNICK,NOW DECEASED FUND'A~·.' TO THE AUDITING JUDGE: , I t I • Enter__m--,.c:::Y_·"",~·_.~appearance for'.~.~ Pittsburgh National Bank,Ruth Friedman and Harold Friedman,Trustees ;g :z-day of ---=-M:o::a::..:r=-.:c~h=__,19~ N.B.-Counsel shall,by separ,a:te pape,r,present a concise statement of each claim,with supporting calculation of any interest claimed.Objections to an account as filed,shall be concisely stated in a separate paper. Council suggesting proper distribution shall file a separate concise state- ment in that regard. /-,....' J' .I I-.''J No.63- 70- 9 57A In re Audit of Account in EstaJte of BARNEY RESNICK,DECEASED FOR BERTHA RESNICK,NOW DECEASED FUND A AUDIT 'ra~rip~fnr 1\pp~araur~ FOR PITTSBURGH NATIONAL BANK,RUTH FRIEDMAN AND HAROLD FRIEDr~N, T,RUSTEES .' HOWARD E.GOLDFARB,ESQ. 50 West Wheeling Sf. Washington,Po",.J530tAttorney ~2 Miscellaneous . Date'~£.:...----4.'!197-2 . . . . . . . . . . . . . . ...$------jCJ!......<·<c.Jo..!.c:D~-----,..-- $--------- J to be r corded in the Recorder's Office of Washington County,Washington,Po. RECEIVED FROM: Recording fee State Stamps I ------::---------------------""""lI II Ii ~ o a o o a !I a !I o a oJ o oi as~a !Z~11!~- I .:Fe-:~~J.).y i :I~!I Type of instrument ~~J~: !Instrument number r'I c.f t !~oo ! N~16833 Olga O.Woodward Recorder of Deeds By ~<,)J. ,"t •. TRAN c .ACCOUNT cc DATE L .OFFICE ENTRY ITEM 00 AMOUNTCODE·N NUMBER DO·K•E E ~41977 580~6 '1,0 iO H :)01 ~O815 3343064 rt-2811 )1-9.00 R t:1 1W','It::K Ut-....,L_..... RECORDING CERTIFICATION OF REAL ESTATE PAYEE NAME IOlGA 0 WOODWARD OR RECORDER OF DEEDS p ---~------~----------------------.I ----------------------_.---------------------------------, Form for Guardian or Tr.ustee".~.\..."",-,,, \ Jrtitinn ~ur 1\uikit lin wql'®rpqan!i 9 illourt of lIa!iqtngtan <!Jaunty Estate of !?~~.~.~~.~~.~f.~..t.9.~.9.~.~.~.~.9.. ~~.~.!~.~.~~.~.?:E.¥.....~.?:E.~.!:~.~....~E~~.!:.....~!.~.!.J:.9.~J.. For..~~.~.'E~~§.~.~~.~./.l~9.W 4.§.9.§.~.§.§.~·L .. .........I:!;!;.~§:§§.g.~.~.!.S!.~.f.y .. minor-incompetent-life tenant Filed at No ~.~..7.of ~.~1970 Fiduciary..~.~.:.:~.~.!?.y..~~.~~~~.!.9.~.~.~....~~':!.~....~.~9:../ ..~p..~~....¥.:.~!.~p.~~....~~~~9..~p.....E.'.~!.~.Q~.!......~.!us iees Place of record W h .t c tofappointment..?:.~:':_.!}.9:9..~9.~g y . D f t t Will of Barney Resnick datedorat::ard~~ship.....~~.9..~~~.~E.....~.~..~.....~.~..~.?.?......Q.?.:.!~....9..f Death -September 10,1970 If there have been former accounts filed in this estate,list: Reason for filing this account....!?~.~.!h....9..~....!?.~.:£~.h.~....~~.:?.~.~.9.~....9.~....~.9..y.~.~.e.~E ....:!.;h.1......;h.~.?.§.....:t::.E2.~~.~.g.~.t.~dTrust. All persons having any interest,vested or contingent (including claimants),in the fund now before the Court, with the nature of their interests are: 1/3 interest 1/3 interest Ruth Friedman Marvin Resnick Ruth Friedman,Marvin Resnick &Edward Pallik, Trustees under the Will of Bertha Resnick,de- ceased for the benefit of Sarah Pallik 1/3 interest All of said parties have received notice as required by.the Court Rules except as follows: The fund now before the Court is subject to the following taxes: Undetermined Federal estate taxes owing asa result of the death of Bertha Resnick. Set forth any legal problems requiring adjudication by the Court or difficulties that must be met in distribution: Balance for distribution per account,Principal $.*"..~.1..f 786 •47............................................... Additional debits not shown in account: (Indicate whether income or principal) Income $:?.9..f..2J.1..~..~}.. Please see Supplement to First and Final Account attached hereto as Exhibit "E" Additional credits not shown in account: (Indicate whether income or principal) Total additional debits $.. Please see Supplement to First and Final Account attached hereto as Exhibit "E" Balance for distribution Total additional credits Principal $. Income $. Total $.. $.. If the balance for distribution is not in cash,list items held in kind with carrying value designated,and if this is a distribution account,file elections to take in kind for all items so listed: Elections to Take in Kind are attached hereto,as follows: Marvin Resnick -Exhibit D-l Ruth Friedman -Exhibit D-2 Ruth Friedman,Marvin Resnick,and Edward Pallik,Trustees under Will of Bertha Resnick for the benefit of Sarah Pallik -Exhibit D-3 ,..'I I ·.,, ,~ ,, Set forth accountants suggestion as to manner and form of distribution to be made,awards to be stated in pro- portions unless specific amounts or items are designated by instrument under which estate is being distributed: Suggested Schedule of Distribution is shown in the Supplement to First and Final Account attached hereto as Exhibit "E" Also attached hereto for the information of your Honorable Court is a copy of the Will of Barney Resnick,as Exhibit "A",copy of the notice of Audit as Exhibit "B"and a copy of the Will of Bertha Resnick exercising her general power of appointment granted in paragraph SIXTH,I,A,2.of the Last Will and Testament of Barney Resnick,as Exhibit "c" ,-1, .~ COUNTY OF WASHINGTON, COMMONWEALTH OF PENNSYLVANIA,~SS The above named Fiduciary or representative thereof, being duly J?W,9..!'P.:doth depose and say that the facts set forth .in the foregoing petition are true to the best of !:h.~~.~knowledge and belief. ~~.?E.~to and subscribed before me This.._J.?.J:.'.'__..day 01 ~~:r.=~..Z..:_19Q.7 S;goatu<e 01 OfIkJl!f4.!;f4.!t:jj~_. Title of Officer ~.0.~~~.~.~.!..P:..§.~~~.:..~~X~.~.~..p.y.~~~~.f'IHStJlJRGH.ALLEGHEClY COUNTY • •MY COMMISSION EXPIRES JU:'jE 7,19BO OffIce expIres..· ·,::'-'~~::::::'::'::::::,:;~·;l.'r:iO'!:::~::::::::::::mf.r\.,jt~.:2 .. And your petitioner will ever pray,etc.::::1l:I..:ii!';:'..::.::Yice_p.resident ......£~,,~.. ~.Ufh F::ij~/J .~~. Harold Friedman Jrtitinn @Iur ~ilit IN THE ORPI-IANS'COURT OF WASHINGTON COUNTY FORM USED FOR GUARDIAN-INCOMPETENTS -OR TRUSTEES No 9.5.:7.of X~X 1970 ESTATE OF BARNEY RESNICK,de- ceased Te·s"Ea:rn·e"Ii"tary..···M'aiTtaT"·..········.. 'rr.us.t..LP.y.ng A.L . FOR......!?~.g~~~.~.~.~.g.~..~~.?~?.~.?..~..~.~:~c .........................L.i.~.e ~.§.P..§.f.J..9..i..9.!-:y.. mmor-incompetent-lifetenant Counsel for the accountant shall submit herewith the following,if pertinent: 1.Will or trust instrument-attested. 2.Inventory. 3.Signed elections of items to be taken in kind- if distribution account. 4.Stipulation or certificate by minor approving account. 5.Praecipe for those represented. 6.Brief-for any question of law raised. HOWARD E.GOLDFARB,ESQ_ ....··..t~~~~Ii~,~ti···~~~~~~t;~t~·····.. [lOE~r bDd ~16U!4SDM -"S 6u!18alfN\~N\O~ -t)9 'Sl.IV:KflOO ~O~VN\OH ," ..~I..._". _••,•'0..• • -. .~..~...... .f ..:.....,, ,' ..-,,-_...' t' lAST HILL AND.TESl'A1:1ENT . :..-, ,.-;',....:.~....::.....-:......'..-- .( I I,BARNEY RESNICK~oflJashington CoUrlSr',P.ennsylvania, .1 •,, ~.. befngof sound mind and memory do make,publish rtnd declare this my last lUll and Testament,hereby "revoking and deciaring riull and void...~ any and all 'Ulls"and Codicils by me·a~..any tiriie heretofore made.'.... .....'•.,.':-."..'...:,. ', /.··FIRST:·I direct my EXecutors to pay my_deb.ts,the{expenses.:;:......"....:......~~-........-.' of my last illness and my funeral exp~nses•. ·'......i::'~:.;;.~.'.............~ ~.'~'.:, _.,I give and bequeath all my.-j~eb:y,~.automobiles,..... -.'..-~..~"-:.,":"..~:~:;:.::_..-_.."..,~.z:.~:.,h ••_-• • '.'SECOND:......•....._...-.-...... .,•..',clothing and other purely personal effects,.as.wel~as..~ll household •.._.....,'-_._-".:.'............;~,... '. .':-.'.goods.and equipment \1hich 1:~y own,to my ,,,ife,·BERTHA RESNICK,if .she survives me. ....',.'.....,...... f ..·\.·.'.;'" ..t.'.••... .:.S;-...~::,.:-....~::-~:~~;..:;.~_Lo':,;"-.~'4i;:'.~$~l";:t:t_:;;\\l.'?:~··~::':·-~·;-:··::>;:::'::c"':';:i:<~-i:~~;"';r-~~.::.;;.:;.:~:.:-:.:.'1~,-;.;··.::r;._:j.j··~~inl'~:--:;::~~..5:.r:i;'j:'irs-;Y;·::,~.~.'',:-::"-- ..._........._.__...._..._~~:::_~._:.In ,.the e;e.nt..~y \(if~fa.il$.....t<;>~.:~.~l:YJy.¢.~e,._.;l gi_v~.,......_''':'_'~'I''_.._,'~_.:._.. and bequeath the'aforesaid items to my children,SAr~Ul PALLICK,RUTH .'.' '. .~FRlEDM:A..~J and HAllVIN RESNICK,or to the survivors ·or·survivor of them . ,}~f-~.;~.~,:.;'.. iiving stmy death,to be divided 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 s~ch distribution.. in as nearly equal shares as possible. ~..'........:.~....~..'.....'.,. .''.:'"..... .'.'.THIRD: ...~ I give and bequeath the sum of One TIlousand I I .($1,000.00)'Dollars to the mUSH HOME AND HOSPITAL FOP\.AGED AT.. FITTSBL~~l.Pittcburgh,Pennsylvania,for the general purposes of the institution. ....;,.' :',,~.....'.~..'. .':.'.~'...;..'. "•f :.''0 .... ·.LV . :'·...toQl.........~-..-._...-....__••~__,~__•__...__.........-_~__...__._~-r..-__•__....r ...~,'....__......P..........-:-.~.,_._._"-C~_t..tT.......~...,·_·_·· ..-.....~.....,.......-....···t.'"'"'~•.,.~__,.__ ~...--- 0-00 T 180-06 + 1 - 1 1 + 3-90 + 200-00 + 150-00 + C0 2 -79 + lQ,508-00 .r 169-00 r 200-00 + 11...414-86 T a-co T 2~OOO-00l- 9 000 -00 + 13 °00-0 0 + ~OJO-OO + 25...000-00 + ~O()O-OO +. 3...0JO-OO 'j- ~OJO-OO + 19...500-00 .r 2~OJO-GO r 25...000 -00 + ~299-95t ~OOo-oo + ~OOO-OO + ~OOO-OO + :1000-00 + ~())O-GO + 3 000-00 + 3 00 0 -CO r ~OOO-CO + :.t0 00 -CO + 18Q,7-.:j9-S5 :J 11 4 14-86 t 201 214-81 J ~133-00 + 203,,3 47 -81 r ,. o-l 0 r 12-22 +~275-,3 + :?,,136-S0 + 377-01 i- 716-07 +~44Cl-90 to 't95a-33 s 't95a-33 T 0 0 00 r ~339025 + 415-20 + 267-60 r 200-60 +~41U-GO + :?,,713-75 +~5 37 -50 +~255-71 i- 631 0 80 +11,,771-41 T 0 0 00 r (9)38,,534 0 05 + 11,,281-20 +4'~815-25 r :.. \.0-00 T ~534002 +4~815025 +5~349-27 S 103 0 20 +5~452-47 T O°CO r 3 ~58 6 -02 + 2,,133·CO + 3-,...719-C2 r 0-00 r 2[1636-00 r 4s-eo +2~6e'-fO T 0-00 T! ~276/-30 +1,,474-64 + 671 052 +36'2 - 6 a + 723-27 +4-03 +~341-39 +~853-75 S lQ,782-25 +2~636-00 S 45 0 60 +2q681 0 ea T !---------- 87_50 +2q316-04 +:?"ooo-OO .,. (j) 2:?,,403-S4 :322.J 1 39-72 + 2-24 +~958033 +'t77 '-4,r:?,,044-3S +- 12-08 +-6-""331_(;7 T 6-""331-67 + lq78 2-25 i- 7q,11 3-92 T 7q,113°S'2 + 283-48 + 7q,397-4a T 0-00 T 15-00 + 243_10 i- aooO O + 10 21 +- 651-76 + ~175064 + ~367-31 +~534-02 T -...._----~-- o-CO T 348-00 + OJ 336-00 +- 220-00 + 904-00 T 0-00 T -""031-25 t lq,493-75 + 2C1400-00 + -,...631-[3 r q,200-00 + 5-,...756 0 63 r-.) 904 0 00 + 8~OOO-OO + 43 0 00 + 14~7030f3 S 363-82 to 14-,...067 0 45 :3 2(t944 0 93 + 3-,...719-02 + 209..,731-40 r .-,,.-.."'I ' ........ • '.B.I give and bequeath the sum of Five Hundred .,",~.. ...,($500.00)Dollars to BETH ISRAEL CONGREGATION,of \-,Tashington, ..".':....·····Pennsylvania,for thcmaintcnance of my grave. ;-'.-:."..' .. .-.:....'.....,:...~~'\...".:..',- I ••••:,••' ":".;~.'.-...FOURTH:'-,".~~f my wife~BERTHA RESNICK,survives me,I give, :;...~...~;~...<~:.,..ideVise and bequeath to my daughter,SARAH PALLICK,my daughter"RUTH e?".:.o" .,.".!.;.~.\.:·.·;·,:·:-.'.;FRiEDHAN,and PITTSBURGH NATIONAL BAl~}~Pittsburgh,PennsYlvan~.a,as :'.','.••..I ': .:'....::Tl:ustees,to much of my estate as will afford my estate the maximum ._.:".".-:;~".. ':'r;~:",'.' ••••"c...."::allowable marital deduction under Federal Estate Tax Laws when this .',..' :.:.~~-:.....:.,'..share of my estate,so given,is considered wit~any and all 'other pro- :,. _r"_• -I.•".".:......_.....'.~0:..'-.~. ., ~perty'of mine passing or \'lhic~has passed to my wife under the provisions ~:.~~.'....::..'·\of this Hill or otherwise,and which other property is included in the..",".-.:..".". ~/J::::~:·.:.>::~...~'.:maritll deduction allowed my estate.There.shall 1Je excluded from this ; .' .-".,...;::'.':....devise and bequest any assets which do not qualify for the marital'deduc-~..'.',:','"...'.~-..~.:' '..'".~:. .. •••1 .....~, ,. ..'.''O.: ~,~h ..'.....'. ..:.':' .. -''. .'~.-<..:. ...,.:. .,..... ... ~'. ".' All the rest,residue and remainder of my estate re- :";..•..:.....".". ?~·;:i;:;-.~·:.:·..::-::hereinafter provided.'.;:-_~~-_'.-'::":'::~....""~:"<:.;;',j:,,,:~:.......~.••.-.'.''.:"....'::._::)~~.':~~".,:~,.:.~,.,;..:~":': '.~'-.':.:.:......::;".'.'.:•.,:.'....• •"....".••••.:',r.-.:-":•••"•••~.;.""_...-.• •~.-:._:'"\.~:":'.::::.J..:..'...~.. :..-:-.::..4..·.:.;~~:: :.:.:..",•",':;.,"J '..'•••••~'''''~.:.~~j~.","..:--'.=~.,~.'•.•;.•.:~.:.:-••:••:•.......•::.•" '•."•..~::"".'.:"'•.:".1',•......,..'..',~::.:~~to"•••"••''."••_::.~'••..:-..~<;~~..::.t;.:..:~",~:::.:.~.:..~::~..,.~.":_,":''.:~':.;.~..~.'.::'.",..':~....:..".~'.."..''...~..".:'.:. .'.'.-:..'":~~::.,..~:···::;.:.~·:<·>·V·',.::i"'/",In the event my wife and I sh0t:tld die either simultane- -'~~.<.::.~;:\:':'.':.":.:....~.:::.>:·':~:::F ~.:~:~oUsly or·under circumsta:lces which do not afford sufficient evidence as to #.'.•.~.: ::/::.-.~:':<;.'.~:who'was ,the survivor,it is my intention that it be presumed that my wife :.;~',.....~~.:./.·1·.... '.'.~.'.':'.'-sUrvJ..ved me..:'.1'.:....'..•,;......~...:..''...'.....~.:'.'..~:...•:'~':'.;'....>:.'~".~"...:... _.:'...,'"...~./...'.•..~..5.•'.'.._.....•.:...~h.':.'...:;..:.~.h •••:.••,"~.':-:'.;.:...i••··,-•.-.',,,:.'...:.=...~:.:.~.Io·,'•••••..:.....:.•:••-:.•'-::'"'••.~...~'••...''.~....'.....'..:- .:.-<">..':'.~~....:t:'::.-..>:~:.;.:.::,FIFI1l: .....:........'. -.;.~.:..:<,.:.~..~ning after the payment of"taxes as hereinafter provided,I give,devise.~'.'.'::.:....... '..;'..... .','and bequeath to my said Trustees to be heid as the Residuary Trust'as here-....... iriafter proVided. '., .-. 'C.".'..'......•...·f • .,- .'.~. ..'.:'.:..' .".....J ..~.,,'",SIxnI:My Trustees shall hold the Marital Trust and the Resid- ua'i:y Trust in accordance t<.~th the follO\·1'in~provisions: '...',: '•.J.::. .-:--.,..., '..,. J' '.' 0.•..-2- ...............--~.,~._-......;.:--..~..,._.._...-.-...----_~----,--."..-....----_.----.."..--------.,....--_..-. ~,•.-I"~"'''................,_..-...... ,'~e:....,.Il''''''''...*~•.".'-':"'''•••"""'~-!,....,....".~............-:-'''''t.....,:."..,.......".-,.....__'.''''....,_....._.••.'""""~-''''..,......::''...,..'--.r.f9:1l ."".........,..."..""..,.....-.4 ....,-.......,...-.... ,r JoCO T voCO T 6~7520GO + ~0310:::5 +@25J5JO o OO + @1~493075 +31JOOO oOO + 2 '~4 0 Joe 0 +2~OOOoOO + ~6310('3 +~OJOoOO +- ~20JoCO +J •60 + 12!?t50S·C3 T 90..500·60 r OoCO T 0 0 00 T 348 0 00 to 12~5080[3 + 336 0 00 +904 000 + 220 0 00 +7~7990~:5 + 904 0 00 T 43 0 00 + 19~255058 3 0 0 C 0 T 9 1.?,5JOoCO + 289J756018 3 1~5JOoOO r 6Q.659 0 C,8 + 2~OJO·OO +3SQ.415 0 26 T 2s:,OJO o OO + ~29':J095 + 72.A 7 <J=J o gS r S T 0 0 00 T 0 0 00 T 350..415 0 26 + 20~347061 - 14~06704S :3 24.,944·93 + 3~719002 + J20~731040 TO/v .-.- ....... ..'..... :-..; ..:'>: ..' ,. .•·..·ft·..··~.... ......--_..-..-.......-...... .."... ,,,.) TRUSTS. .. ,...".... 1. ..'.... "'..,.'." ~..., ....0,••-.._.._.'-.'.-"_.'.~. ........ .. . ..., I •.'.'\.......~..\...".~~-..--:--.,.,.''..':-_.~-:--...~----.....r--',·..__.~.~'~.._.~._-_.."..~.-~._.-:~,,,.:';'",~.,.."".r-·---·-··~~-". \ J'...._....."_"''.',...~.,. I ~l·· ··l. ..". ..,-'.'. ..'•.....·A•.~.My TruGtees lhall pa;the n~tincomefrom .:':',":.:...tJie IF.,rital Trust to my.wife,BERTIIA RESNI4K,or for her benefit,in /,;:.'~"linstallments c0n.~~nient to her but ~?t ,les1·f".CqUentlY than annually,for ..••..."..:'land during her lifetime.Further,d"dng '1 wife's lifetime,my Trustees ...":'::shall be authorized to pay and distribute tlh.er,or for h~r benefit,~o .much of the principal of the Harital Trust my Trustees Shall deem ad-••visable for her comfort,maintenance,suppor~and ~o aid her in the event.'.....'..'..".". <.:,,,'·,,';'Of any circumstance or condition affecting hir "hereiumoney is needed.-..:..'.,J . .•;.;In addition to the foregoing provisions,my Vustees.shall pay and .distrib- :<~:,.,',>."I:~S?.,uch of the.prineipaI of the lliritaI *ust.as my "ife may,from time ....:~;:..,.."-::.,':.'i:tQ t.itL1e,appoint and direct py an instrument 1n writing addressed to my....,'.( ./..:'.>..~Truste:eG,limited however,•to my childr"",and{or grandchildren".''. ::.".".'::':'..::;::,..:..:.....:~:,..:.:..','..:..-..:::..:~...•::.;..~..,:.~~::.:~....•....:~.(......•.......:::.•.......':::.."..,:'~;·c·;"";.i;.'J.it:.·;:·:;~..>.:.:.,:<~;:':"~:-;::~:..:.::\~j ;':~··;:/:>:·.~·~"::~r·:~)";.:.:". '. ....:..;.:....,'.':">'.......:::..'.>....'.:'2.Upon t~e death Of my wife,my Trustees shall '':''i"::':.'"PaY''';'d distribute the.th~n remaining prin~ipa\of the Marital Trust as my :"":.""ife shall appoint and direct by speTCeis£tiaC·mrl"netf~~,.<elnlcCtCh'et' r 0.'this general power .\fr .:.<::.''.:.~·.of appointment in'h~r..Iast Hill and _,L to herself,her es-:.\:=,..:../'.'-'.j"~..-.•-.'..t :';':".:-,<.,ctate,c her creditors.the creditors of her estate or otherwise.In default",~'.~..-'.,- ..!.. .:'.:.:"of such appointment or direetio~by my wife in ~!'r Last Will and Testament, :0;',:th~thenr""aj,ning p,~ncipal of the HaritalTru+sh~llbe paid and distrib- ";':..".'.u~ed .in•equalshares to my children,SARAIl PAu.1K,Rum FRIEDMAN,and K~RVIN .,. ..::<:.:<<'!~~~G~,",_:.In .~h<:.e~~nt any of my aforenamed chilVren is not living~at the .;.'..t .·."death .of .my wife,his or her equal share shall bE$paid 3..nd distributed to his.-_...-.--,.. ., ~.or her:'then living issue,per stirpes and absolut~ly,Subject,howQver,to. ..'.....\.. {the IDlnority P~ovisions hereLnafter set forth,ortin default of issue of ~uch..(.-.... .,... .deceased child of mine then surviVing,such shAre.\"hell he ad~ed in equal ..,. ....:..~.(,.'..,. ... ---I ....," '. r,.' " I .. ,:.: :'. j '. '.parts to'the shares distributable to Dl)'other aforenamcd childr'en,or issue as the case may be,to be dictributcd as though original parts ., .',...'".'.thereof......'..' :..;..-".. ..,/.";.;, ......•'.'....,~..!;.,'••:••:..-:.:-''.-:~..:•.''~'" .'..'. ,'".''....... ..,: '.';;:''. ,.... ,t."My Tru&tecs shall hold the principal of the '....·"".:-.:.:.'.' ...... ::".~'.~~"J, ..,'...;. '.'........ '...;' '.'..'..-/..... ·..~." ·:~::.~·..·:i··t·:~..-:. ....' Residuary Trust for the use and benefit of my wife,and shall pay to her, ~..' or for her benefit~the net income therefrom,in installments convenient ". 'to her,'but not less frequently than annually,for and during her 1ife- ..'.~. I....~... . . time~together with so much of the principal thereof as 'my'Trustees,in......" ·,·.1:he.ir sole'discretion;deem advisable,from time to time,for her health,.':.' ~int~~~~~~~nd'support.In addition,my'Trustees shall be au.thorized t~"'.' .:,',. ..' «.._:~~?:::>.:.;.".P~Y ~~d .distribut~to'or for the benefit ~f my chi1dren~.from t~me totime,~ ':>':~:":,::..';':.'6~'m~ch of'th~"pri.ncipal 'of the Residuary Trust as my Corporate Trustee,in ""..:.',''..., ,.~;.:·.):::.·:::>:~;:;~ts~sol'e discretion,shall dee~advi.sable for their health,~intenance and .....".,.... :~':i::',::'.....support,in the event funds from other sources are not otherwise readily ::'.~...,..~.'.."".:. .,..'.-:::~~:··;.'>~;:avaUable .therefor,and shall be further authorized to provide funds to aid ':..;;~':(..~.-:,::'.:'m~~:~~~u"d~h.{idre~to'·attain'a'c~mp1ete educ~tion,including preparatory,'c,'. ~'~~;:.:.'>.~:;'..'~'.~~i:l~g~':~rid :po~t:'grad~ate:or pr~feSSional training..'.~..:.':._'~:".~:~ ...'''''".:""'.-,"]~:-:~~i:'..":::?:·:'~('t~:.;~.;~~..~:':~:'~~).'".~.~.~L~~',:.~::;:::~"":'::.:~.-~:~..:~.~:~:~,:.::::~,'::.:~":,:'.'..;,•-.','':':'.::(::,'.:.":. .'...'.._.~':'':...:..~_.'';'',:-~;.":'..:.:-.:.:~.:...:.:.::;_.>.::._...M._._'..':.,/..:---.,.::'.',::;''.....'}:,.:<.',"~".'..:....;'.'.:.2-.Upon the death of my wife during this trust."~.:'".'..':....."...'.....' ".-:."_::,...... ':"'£or her benefit~'or upon my death'in the event my wife fails to survive ree, .:':".·.·.:·tlie-principal"of the"Residuary Trust,'a.s it is then constituted,shall be . '.. paid and distributed in equal shares to my children,SARAH PALLICK,RUfH :..... '. ."~RIEDMAN,and'M..o\R.VIN RESNIC~In the event any of my aforenamed'children i~:n~t':li~iilg'rit :the'd'eath of the survivor of my,·dfe and me,his or her .~ .c·''-.'. ...' ,..'equa~'share'shallbe paid and distributed to his or her then living issue, per stirpes and nbsolutely,subject,h~~cver,to the minority provisionz herein~ftcr set forth,or in default or issue of such deceased child of .." ." ..:........,. .. ~,-. -4-/"I '.'~-_.----,-~,.··--It·--.-.__.-~-__-.--.--..-~.-..-.____..~__.-.-.._.-'" ,.....,......"... ..~.. .~.. .." ....,. ....'.'- ~ne then surviving)such chare shall be added j,n equal parts to the shares d~stributable to my other aforenamcd children or their issue,as .',-.. ~...:..'.' the case may be,to be dictributcd 8S though original parts thereof. '.'. .'............. ..;....,..... :~;;~.~.'.,:-;:!',..,'.'..•,;e'J:~,,,'.While in the hands of my Trustees,neither the prin-' <j"...'..'........ ~cipal no~the income of the Residuary Trust shall be liable for the debts,.', ..';. ..;. of any beneficiary hereunder,nor shall the same be subject to seizure or .~.::.:'.{attachment by any creditor of any beneficiary under any writ or proceeding ~.•.oO.•••• ....':'.~.'at l8Vl or'in equity,and no beneficiary hereunder shall have any power to ••':••:•.•.•.•::.:.,;;.:•.-'•••.".:~,....••f '...'r...;'.••:.'.\•.;t. ..,.:,:<,,7sell,assign,encumber,or in any manner to anticipate or dispose of his ':,... ..'. ;'~r her'interest in the Residuary Trust,or in '~h~"incom;produced thereby."..........'.:, ~.:':.\........ ..,;:.•......:~.I ••...,..~.".•.•••;.:. I·.:'.'..-:.'. .~'.~-.~-'.-.....•............'......".."..;,;~'....".: '..., .......:;•'7.·· .':...c••.•, ,."".-'.",. ..f :?:':<':~~.:~':'-:'.:poi:-ate·Trustee shall be entitled to deduct a reasonable fee,.which fce "..., .'~J .....' ......... .9 '•..•• ..,,!.•" .. :..,.....:':.~ ,..... '..-...'..,..~.:._:;.,. ."-.,..........~-::.....;...:~..;. ....--;; .......~ •••••:••.•.•••1" '..'.;..',. .-.......'..-.'~>:."=,::"~'~',-::.,:'.''::.:.>III•.AI;.compensation for its services hereunder,~Cor- .-'...'.. .. ..-....... ..... ~;trust ·estate,without any duty of diversification,any "and all property~ •... ..- .•;. anG the '..::C ~.:.~".\'.-,..":i oJ·'~.•~::.~...:";~:"'.''.:": '....:..:-'.~........~"~::.:.::.' ..:~'.~:...'-.....'....~....'"'..,...... .::....'..:·..;"z.·~::>::,~:··..:~':.O;-:!.<·..A.~:·,To retain as .an investment for my estate .:.~..'... .:~..,:-:..,....?,~ecutors.and Trustees shall have the following discretionary pO';-1ers: :~~:..~~".:':.....}..:".:...'.'.....".'.,.':."..... ..,'~.·..~~eal 'or personal,received hereunder,which shall specifically include '.\" .:the au~hority to ~etnin any stocks in PITTSBURGH NATI<mAL BANK without.. ~::liability as a result of such retention.. ~.'"..'....-. .,. '.' ~..'... ...~..:,..'., •;~••••.."•••'!••.-.'..:.; ......~'.......... ..:. ., .'.':'!--&.-5- '..".", .....:I . " t··~·--~~__._;-.--___..."•.._.....--.-.._.___._.._____. .__-.....--4 .. .·"··r"",·••·,..,'l.·.......... .•p"',..,....'••, •.....,.,..,.""."'•••",.1",••":""-.,••;,(•••••".-.,-....,~oO •_,_•••~••__."",--.::.~~':_~,. ..... ,,. J .' ",.'....... "..'. B.To invest and rcinvcGt,including principal and .accumulated.income,in stocks,bonds,mortgages,securities or other .property,real or personal,without being limited to the clasoes of securities or investments in \7hich fidud.arles are authorized by law ......::.:.,~ ....... ...':'.:.:, 'to invest trust.funds.....,. ....... ......'. :..'",:-:,,- .:.":' 'I '."...... ..'" '..: ". To sell any and all real estate '.'!.. held a~an asset of.,~..., ..•.~.".my estate and trust estate a,t 6uch times,at public or private sale,for such prices 'and upon such terms as deemed advisable,and to make','exe'cute .'-~ simple absolute,'or for anY'less estate to any purchaser or purchasers, ~.::....'(::,::and deliver any deed or deeds therefor,conveying title thereto in fee ;...:. .':.:..~.":.'.'.freed and d:J.scharged of any and all trusts hereunder.' ....~.:.' ....-.- .:". ..f r.·..{.::.." .,.::.".•'f.=-.:-...:-•.:.i,-.:·'•...;.,,~.:.,'••'".,••';.i -;'.~- .;. ,'f.',•.".'f,' ..': ..:. .'.:-';:...-::"'".<:.'".:......:.,.:.:.....'.-i:'D. i·',r' .To sell,exchange J leaseJ encumber,opti.on 'or other- ..... .:~.:...../.~.~..:~.:':-.~".'.,".....:'.,.'. !"'~~::.-:-~<,~f~~,vise'·,disposeof all or·any portion of my estate and trust estate:in'such.:J~.i.:. ..'.'..'..~',::"..~.'.-:........:.'<:.'.~'::'.::manner and upon such terms and conditions as shall be deemed advisable, ..........,.•'t.-. ...~". ..,:':. .:.~w •••:<"'...:.:~..# .'.:.....<..:..and "('7hich shall specifically include the authori~y-to grant leases which . .'.(; ,t ......'....•...... ~~.'~";.;'~:'.~·;·ext.end beyond the term of any trust hereunder and beyond the period au-_"'.-~~~.~..::~;._ '..;:-~."'o'-:_:.:..: ..•~.-".''..::1'." ....<.:::J~.:;.:.thorized by law,and to make,execute and deliver deeds,mortgages,.:;..:.'::... .~":'.:~·~.·~·'·4 ).. .~'::,:.:,."',leases,assignments and other documents necessary to effect any of the .''. .'..'..;.'.. ,., powers granted. '.. .:.....~...'., ••••••••t ••• .....:. •,f •• ;..:.•........".. .:.....'..'..".; .".~'... ...•:....,In addition to_..,and notwithstanding any of the fore- .. going provisions,it is my desire and direction that my Executors,during • the administration of my estate and my Trustees thereafter,grant to my .son.}~VIN RESNICK,a lease o~long term duration to enable him to oper- ate a buslness or bUGincss l.nterest therein.Further J i.t is my desire and '0 direction that should my Executors and/or Trustees deem the sale thereof to :--... .''. ....~".'.: -6- _..._--..........--------.---_---..._.,...-.....-.,_.._p-_.-........_---_...-----~--------_.-...._-_...-........~.,. ""...... -,'f •U·.il'I·',~..t .-••'r_-n't .._.~-.-.........-._,._._......_--_.......'.-._._._.-~-..-..-_._......-------.-...-...... -' '. ".':. .-.-. to be in th~best interests of my eGtate or trust estate they shall first ·extend.~n option to my SOn to purchase said commercial real estate at a ;.. .pd.ce equal to any bona fide offcr J .snid option to extend for a per.iod of '..'..'"-'. .'. _ •J _ Further,in In the event the value of said real ...: .''., ".:':';children 'said real estate is then held as an asset of my Residuary Trust, ..'.i~is m~direct'ion that the same be allocated to the'share ~~istributable .'.... ..... .':..:)the.event at the time for the 'distriGution of the Residuary Tr~st to my ..:...:.;....:.. .....'...':. ."..:.",.'"'.:ninety (90)days follov7ing notice thereof to the optionee..,,'r •.:':;.-,,':to my son insofar as is possible. .".;......'... ..'~..estate should exceed the value of the share to be distr.ibuted to rrr/son, .•i.•~•.:... .'. i.,<;:?:>:?·.·'?:·:;(any ~crson .;',"'.':.::.':'in cash as':.,:'{:.~'.'.'.. de~medadvisable,and to this end allocation of assets in kind : . ..'--:;..." ...~..:.,;.....;...:. ...;. .'. entitled thereto in kind,in cash,<?r partly in Idnd and partly.,. h~~hall.~ave the right to.purchase the same from my Trustees at a price .. e~u~i to any bona fide offer on such terms and conditions as deemed ~?_ ••.t '. •....r .:~.":.......~~."'-'.". ....._.f •••.J ......... ".;. Assets distributed In. . .....(..J" F~"'To register or carry any investments held hereunder >.·irithc!'r ~own ~~e'or in the name of a nomine~or 'nOminee~j provided,, .'. \.'.•. ".:':".~.:. '.:·~;r:':,,":".:Mnd in 'satisfaction of any.pecuniary distribution under the terms of this..~:;':.:;..,"<:~:'.:..!.",:.,,-.:-.....•.... - . .::-~.:<:..;.....;."·yi.ii '-~l~all be distributed at their values on the date or dates of distri-.':.~.:'.';.•....~.::'::..:':,--.~--."',."....i'."...,........."..'.-...'.--.:;".oi' '.'.'.:':.":'b (ti."·'-.'::~:..:"".>.,-'.-.'::.:':.'.''.,"."'..:'.': '::.,;.'.:;:~.'~:.:.~.~.~..>,J:",-,:',.:,:.:/-:<,::..~.::.:.:.:::~.;:.';.:.::-::.:-...:::,.".';">'.<.'.:'.;.:-<,".'._.:.'-'".~.~.:<:"..."". .'".,".:.....:::'.:'..';.'.-..'.:...;":...:.;'"_:'.;':...........:.'.-'-.. '.':..•••..::..t..:••.....I ...• •'~'.."..':".,."..:..::.....'.:.::..-:.~..:.~~'.',:-~:.;.:).~.~..:::>...~~:....a..:'.~...~'•.:.":>.....:~.....-.:.•...',•..•:..:.....: •.-•.' :•.,. ~.'. ".:t .~•.••., '.h~7ever;'that all such investments shall be sO'designated upon the records o~~ciy £iduciarie~that the trust or estate to which said investments belong shall appear clearly at all times.• I .' .'.'.,..".....- ~..:.\,.."'. .'. ',,:..;- .' .' ....:.~,,\.". ......... '.'. .::..'..' -7· ....:". , I ""~';"'----"".--""'---"-.-~.._r_.....-_,..,.._••_••_ -..-.•-_.....-_.---..:........_ ._-----.~_.,.,...--..-".....-.-.. --~-r-,:,•.T....,"•••••,"':""_.".;,.,\·ft -•.,.~••-••I"'r_:.-p",.:w ,"'_-.,,-__-w.r,:.,••.'.'.."'.,. .. ,-.-". ';-," .. ,;'. G.To vote by person or proxy any and all stock held in ·..~'".. '.my estate and trust estate and to pnrtici~ate in any reorganization or .merger of companies or corporations ""hose stock is so held. ,lI..~-;..;.__.'"." -.":.'.. .~.-.'-..." To borrow fo~the purpo~e of my estate or trust ,"......,;'...-..',"......'.."."...."".".. ..~.' ....::-7"....._...-".,....-',,: .··H~. ...... i.estate from any source.which shall include the authority to borrow from.-,'. ...... '. •..~!..".. I •.'. _.',-. .,.. .~. any separate trust created herein and as security for repayment,to hold..., ..-~.•...""--.. .or pledge the whole or any part of my estate or trust estate. .£.:.~:::~..~:.::.::~.~::,:.:.:.".:'~'~-.."'::.~::'.'..'..".'0"'_,"__""- :'"f..:"..." .';..... ·".""'.:'.- ..~.".. .'.. .•.•...'..•.." .'....,"-.~......._....-'...~...':". ......... '....J........._ \'.,- •...:......:-••L ••,;" o' ,.~•.:.-..a.. .... .'.:' :.~:. ...•.... '.I.,To retain in kind and continue to operate as a going.':-"c~:~~.~'~::,.~'~:.':-~"'-':-::::.'~.:..;'..'~"_:.-:.,..:...::..-,.._,......_.' :...,....:.:' .......:'." ;::....··.concern during ·the administration of my estate and my trust estate.anybusi- ':..::'_~.~~~.......r ..:.:...::,:.;'..:'._.':~:..-.:......:.~.:..~.'.:'.•:.:;..>._.....~:-•..:~.~......"...,';"::..:...~;~~~;:.....:t:.-:.•.i ~..:",'.' ..•.:....."...:-- ·.1 ..........'..~ ..ness or business interest which I ~1Y own or have the controlling interest in ,."'::.··i:.t.:..:.::-=..:.>:.:.:':,'~:.':~••~:.'_;: '__~~.•':'-.=.....•.•.•,;--,'.-.'~~-.;.:'.l"-:.:.:;.1~:::_~,;~..·:.,·:. :':..:';'.'..·at.the time of my death.so long as such retention and operation is deemed .....:.....~;..:..:.:_... ~../:':>:;;.~/;~:~..·..advisable.and my fiduciaries shall be ~ntitled to adequate and:reasonable . :......'.,'..'.'I'..':~'...'''':''.'....'.....'-...........'. ....:-"::".~'.,··.·:>..'compensationfol?the~~~~r~ces.~~.c?~nect.io~.\lith .the operation of.~uch.busi- ·-····..:·:,~··.~~.·:·:···:·~.:::-.:~·:·;.._.;:.:··1~.::.'~t .;._\._."::':':~~~".j:.;'.:_,~_:~:.:.~~..:._~::-.~.•~'>_::~.~·i······•..:,·J;.t:':..-~:-:-..~..:~_-.'::~,..: "~'"ness or business interest in addition to the amolUlts usually avarded Executors ....;..~:-:'~'.:.;:~..~':~~:~~.;':.':-f.~::''':-.~:..__:.:...-:..:.£:":....:.•:_:~•.:":.:...~.::.:-'.,.: ;;.::::::',::''::~:'.~';:~::..:.,'''.,:~'.:.:~r Trustees in connection ~th the administra~ion of estates or trust estates .., \.">.~>:'.:;.:.."\.1..,'.cc.:.~..,~:~.:...._.:.:_.~~.:..,•.:.:..~_:..'Z.:,:::,-.._..:.....;....."__'.,'.__..'.':-:._:.•__..... ',.":.';.;.....':During the period of time that :such business or business interest is so oper- ~;......•-.'..~~.:'~.:,;;~:.~z.,:;.~':.;~_":f.,~:".._c.._'~:;:':'._:":::-.::.::::-.::..:..·...:.:..:.:..·..:4·:.:._..:'.::"..'::":':':'.-~'.-".• :;·:~;:;:>·,·····::::-,~~ed.·i:he·full ·respons.ibility ·for·the manageIDe~t ~d oper~~ion'there~f ~y be -~~'_'.:.<'~"~."..'j~:~:,:,.:'.f=.~':"'~:4 :.:.::<.::.'-..~:.:'l:.:;:.#..:....·;•.~·:···:,:,,:.:,,:::.~..,':'.,,":':.'. .-:-..~'_~.. ......,,:>..:~..:...,.;-:'::9~legated to'any person ot persons'they may deem advisable0 Any such.b~~ness ~-,••,:••••::••"":.'.,~•••••~'.~.~•••:.~-~_.~:..~~.~..::.-~-'-.•~..--:.'.7""_....~••~~.•••••..••••••"_.••..-.,;••••-' '..': :::..:.·.~(:lr busiriess in'terest may be incorporated if my fiduciaries deem such action....,:.,.:'....~::-:;:~'... ..'.:':..'::..'.. :.....·advisable.·My'fiduciaries.however.shall be authorized to sell or liquidate .....:aily such 'btjsiness or b~iness inte~est,upon such terms and conditions and to #••':.'"."-''.'...:'.',.--_.,• .':.':".:..:~~~person or "persons.,corporation or .corpora~ions as they shall deem advisable.........-_...~'..-'...... ...:\~y'~.fi4u~ar.ies·shall .be .~uth:6ri~edto borrow from my estate or from .the trust........~__..-..'.~ <e~t?-te.or:from any .ot_he~·..sour:~~•.llhatever money or moneys they deem advisable·c •.•.._.... • ._..._.".•" . .r~o enable them to operate such business or business interest in the best interest of ~y beneficiaries.~ly fiduciaries shall be without liability for . ~. \f .,;"-'.......:.. .~.'. "... -8- '. ....-.-' !......,.-.................~~....:.:.:---:-...:-:..~~,'.__.~...~...,;.:-.-_..:..:..:....~~.,;.._.~.~:.--;..~--.~~~•.-~.._~-~------_._~--_.._~-=_..-....__._.. ...•.;-""'......•••..ro,,·····I)-·'·'rt;"'-..A.,..,.I I ""._••~..",..~....,......._..,:·............_.,w ......_.'·-'_"'e--·.~...,. ..'.' o •. '-......-.-......":"...,,,,:..._........._-.~-'__.:......--.-....._-.._:-._~-..."...-."_. '".. ".", "..,.....;....~.. ,,;....":.-.=. ".'-"'.,..~.:".. :..',"~"'.: any loss arising from or Occ<lnioncd by the retention,operation and/or the >......snlc or liquidation of auy such buslncso or business interest. ",::....".".' I direct my E..xecutors to pay o.ut of the principalEIGHnI:.."!.:. ."."......-~~'"...''.. ..".:.... •"0'".. ....,including any property not ....... property in which I may have an interest.. ., ..r ••:::. a~~~~.~t?ent in the event it shall be held .that I have'not exercised .~'>~"_.:=.t..:.:,;.:,.......\'. .. .~or tax purposes,except any prop'ert)'over which·1 have a taxable power ..~::.'..'".:.~:.~...:'.,-.'...~;·<·::::).~+!··::~:,~o~ ·,.<'~··.·.=:,,:"'~:..·<.:fOrming a part of my testament~ry estate but included in mi.·gross estate""..''.'.".''.'..'.'.'.. ....' .'. ",.... ".;::.:."..~.':in either such capacity in which either said daughter should thus be un-.~....".....'. .. '"....'.:.::--~...~,;. .:.:..:.>:....:..ldlling or unable to serve either as Co-executor or'Co-trustee hereunder,.:.......::....:,:'::.;:-"r-'_.:... .t·:.·:"1.name and appoint my son-in-law,.HAROLD FRIEDHAN,to serve in her stead.~'-'.'.. :::~'.:~,":':;.;:,:-.:.such po\-ler.of appointment in this Will,'at such times and in such manner ....:...'..":-.:.~"'.."'..'.'....". ':<{:::--.::~-::,~.my.Exec~t~rs in their sole discretion shall deem advisable,and no such":'.:..---.:':.:,'.'.'.'..-;:>"~\:;',~~~~o:,:"m'.;·portion thereof so paid shall beeollected from oi:p£iny'-.--., .~...{.}?;,--t::..:.;:~:~:;an:y ~ther person,persons,or.corporati<ins by ..~ay of reimbursement,,;';:'i;":':'~.i":proratioD•apportionment or othenl~se..::",'".i,"","'0:,''"• ~.:.'~:':<.:~>:Y'.:·daughter,RUTH FRIEDMAN,and PITTSBURGH NATIONAL BAi~K,.Pittsburgh,.:,~;'.T:>~:~~~:::';':':,'~'::.".'.,.'.'...'.. . . . ."..r ;::..::~<..;::;.:.:~Pennsylvania,as .Executors of and Trustees under this,my Last Hill and.-,;t.:..:.:;..:...-)~.~....:~~".'. .'...... .::~~~·;.·~:~~<...::·:.~tTest<Qllent.,In the event either of my daughters,SARAH PALLICK or RUTH;·:'::·;:~':~·.'~·'''')J!:..':"::::~"';~":~."'~~"."..-..'. .'.-...... '0'.,.'•;.''• ..'::'.:~':. '..:FRIED}!AN,either at the time of my death or thereafter t should be un-.....:-1 .'\....._.. .......willing or unable.to serve•In ~he event none of the individuals named.. .'.:.above should at any time be willing or aJ,le to serve either as Co-executort._".'. pr Co-trustee,no further successor shall be appointed• ;.:'1 .....•·t:'· ....., ,... '.' ......... '~;.. ..-.~.'..'.•....I .' .. .,.. ",.'. ,..... ...." ....•.. .;. '....~.'.'-9-.. '..... ". '.. o • --~_._-...._--_._.. '. '..- r ":l"':".-'":'~"';-...,.""I.~...,....•.••_--..-_.-:-'"'T ••••.•••'-7'r.-.".,;,!~,_~__".~.., ,__:0 , •0',,," '.---:--~---,----rr---.,-.._....__..-...........__~_._...._~.._... "'.~...~.:....",- r I '. .'... I ,._" ...-.' ..,~',-'---._-..-_-.~..-__.~-_.--_. '. "" .' .•.... ,',..... .. '. '••I •• ' "..'..,', .:.'.' '. bond or.any additional'security in any ju'riGdict:Lonin which such -..... '..'. ",~-.'. '.. ···.:··..TENTH:No.i.ndividual fiduciaI')'Ghall be required to post .:. ...··.fiduciary shall be required to sct"'Vc •..'.''...'.:.", .;'-.,.'.' .".~:..:',. '"::,':}'".'.':."'"...... I appoint my d~ughtcrs,,SARAH'PALLICK 'an~.RUTH ~Rl.EDHAN ·...-.'. .'·~'.'.:' ,'.{ ..... ., ..ELEVENTH: . .."......... ..'as,Guardians of any property which passes to a minor llnd with respect to."v~ich lam authorized to appoint Guardians and have not otherwise specifi- ~~:.,,:~·~~,:~::~ally..~one··so •.If eitheror·b.othdaughters should be unwilling or unabie~~":;~~'" ,-..'.:"."-.-:·.,to serve,then my son-in-law,HARO!.D FRIEm1:\N shall serve in her or their ..'.:.';",~':',::.....'.::.~.~:.,~;"T •1 ~':'.."...'O".~ ".-0-...... '.. ,;!.'.:';stead and if none..o.~s~id individuals Ghall be willing or able to serVe, ,..:.~.. .,'..:.~,:',..'--•... I .~••'.':-.'then'PITTSBURGH NATIONAL BANK shall so scrv·e.I grant said Guardians the I.....'.-,..'.''.', i.":,:~,·'::':~~P9We:r to agree to any distribution of the said propertyJ real or personal, •~".-'.:j-....~~•••I·'•.....•'•.' I'·{..:-.~~.:·:::~.:.~~ceived by the~.in kind and t~e".:.o::~:r:.:a~d..authority to sell the same ".: r7~:':~"'~}++,:;·~~on·.·such te~:and c~m.ditions as they ?el,i~Veadvi~able,.giving g~o~. '..';-;:~~.::.-.:~title to :any real estate thus sold;and the power and authority to·invest·:>:>~"':.\.~".....!. . .",...'. . .~.......::. ;..: :··.·.1n such stocks,bonds.and/or other investments they deem advisable,with-".~ .~.,:::J".-•........:':':::"'_~_~'.'..~.__'':~'• .-'to .. ........ ..~:..;.;:,:..:~.::vp~i~~.~~al ;of the.,minort l?~ha.re of the said property as they,in their s·ole.... .'...:' ,'.:'-::~.d~scretion,deem.adv~sable f~r the minor t S comfort,maintenance,support i'.'-."...'.'...".:a~d...complete education,including preparatory,college and 'post-graduate ...,.,<'.'o~..~r.~f~ssio.nal traini:ng~'and to ~id thf7 minor -in the ev!nt of any illness, i~jury or other emerg?ncy affe~ting the minor:wards \Therein money 'is needed. ,..,'.'".. .Any disbur~ements hereinabov~authori.zed Ir,ny be t:'..:ldc to 'theparent,guardian ,..'or'such other person as may hr.yc cu:::tody or the person of that minor at the time such payments nre made,\lithout liability bn the part of Gaid Guardians.. .',, ,.' .."' ..10-.. ,.. .:.;'..."..,; IIIlI •••••----.-------••_._--._~-~."--.~-:.-__'-..----_-__--..._••__1"'---~.-••-~_~.~ r ~•••~1 •, •-.!I•.... ..:.".- .'.'.,. '..-.--'"'_.-'-'''~'''''.--'''-.~-------.~-~-•-'-"--.-_____:l'i-",'ll'V-«~-"""~~-~_---~-'-....,~. l.-,. ".o' ....:........'-'.~.',.:" "'"':'." ..'0' ':::.'>-'0 •...=,'..-~.::".....'....,.".., ! ':'"'to se~.to'the.application of said payr.lcnts by the payee,and the receipt of :..".::.'.".-..... . .<'..:.any stich person shall be a full acquittance of said Guardians as ~o any :..-.-.- .. '.'.-", .:: .'." ..:..,':.. .. day of .-.~..' ..............•.. ':"" ..;".' ..... ....: •.'.t'."-.::.-'••~_.~''':.: WITNJ;:SS my hand and seal this"Y ToN .' ,,",. tt· :',,,'.. ",''.-.," ·.... :.'.:'. :.··.19~. '.,~.....i.,.:".''.:: '. '.'."",.., '-".'~. _..................-._~...~."~:.: .:~:':;.'....'".. _~:.-:.J::'..~~'.:::,;.l""....0",:.',. ,.''.....,;'""Signed,sealed,published and declared by the above named Testa-..:.~.- .....-..._..~ ".>.:<,~':'.~.tort BARNEY RESNICK,as and for his Last ;lil1 and Testament,in the pre- .. I .\ I ',:.. .'..-..'~. ••.',·0 :'.,,:~'oJ'".',.' ',I :•.:.•...• ~.. :.:" ....'.....:.'.' .::'.'..';..:~.:"".; .~0'..... ."..·.:::..·"·~·>·:-'-r,·:,sence of us,who at his request,in his pres~nce and in the presence of..:.·...,'.':~."~....:..:".. ...~\:..~:~·,~·,.each other have hereunto subscribed our names as witnes'ses."..::',' :...-:...•....":-.......•..~~.:...:..-'~.:~...:....:",.',..;;;:.i:'·;·::·'~~~'l':'·Q~;."."".:,'.:_._~:_P:.;,...x..:;:;;·'·.~t~_,J'_~;_._"~fj:.:...'.:_6_:....,~7i-.-r-_r::~~+-,._~~._-'_p_'-_~_:_.'_'."':.:· ;.',-.·:i,:::::...:..',-. ...p"•-:-',.....":.'.;.....~"•.... """.......'...~:'.;::'";"':'.:'.....::.'~.':"":.Address "....;.~.,_.,''..:..,'':',J.'.~':'::.::~.":....','".·-··7'·".-~~:..~'~-':'.,..~.. :-,'~:':,;.';..' _~:.,",:~".'~....-":·1 .'~~·Jy'':·~~;·.··:~~··~~-':·;,L2··O/.lL~-:'·".\"'"<......''>j).S4,. .~~Y1-.y!':~·:'::;:··:··~~~·~1;;.J.~:~~i~··'!S-.(1~/·....~~Z.··' .,';~.~\:().~.'.'....Address II -i.••::...•f"~.-:":~'..'.',.:;-',,".f ;.:',~..0''.',"t ..'.•'.;•'.'.'0:• • - •...:• ;'~.-~~',..'.~.0°'.••....':.'.,',.". •,'...':_.'.':'.'.;.•,:.....•.•:..'~'.~.'.': .'0 •..."~...'• •,.,,",••.'• :_.•..•,',-.:,':'..".-.",-.'....:. "::......:'...;'.',.....-.'.-,',. ...•....-..;..-----------------~~--....~ ..~..' ...'..'.,', .,.,;,Address ..",': 0-:'" "" ..' .................~...._-.......··-~-"f·,.....·~·"........r-··..-~.-...............-lo..-.~......-:v.,-...,,~."'"t'V"-:.-...·.1 __..__....••_...__..~__._~__....__,-----.....-••: Certified to be a true.~rid correcit copy ......:..·:;.··At·torney for Estate .'-.'.:~<:.. I 1 I lII I I '''._..... ",'. •\,1 • ..' " •.. '.:'.. -11- •'j'. ...... ~.~". ........ ....,' :,.":' .:.~.... ,.; .::.'\.' .,....'-.,"., . .~'..'".. ." .. .i Nos~~&80820 '? '"PI1T5BURGH NATIONAL BANK PITTSBURGH,PENNSYLVANIA 15230 ......aq.....44 ~~ TRUST DEPARTM ENT February 22,1977 NOTICE OF AUDIT TO:Howard E.Goldfarb,Esquire Mr.&Mrs.Harold Friedman Mrs.Edward Pallik Mr.Marvin Resnick Mr.Edward Pallik The First and Final Accounts which were filed by the Trustees for the Marital and Residuary Trusts held for the benefit of Bertha Resnick,will come up for audit before the Orphans'Court Division of the Court of Common Pleas of Washington County,Pennsylvania, at the Court House,Washington,Pennsylvania,on Tuesday,March 22,1977,at ten o'clock in the morning before Judge Simmons.A Petition for Distribution will be presented at that time. Very truly yours, LQ J v~ Raoul Pruger, Vice President cal Certified a true copy ~~JtYO .-...."..,"";,'••1.1.; "'._.-,~tw~tAIlt ., EXHIBIT "B" ,---- iI.-..~•,/.. '.,~ LAST \'JILL Arm 'YEST;'.MENT OF BERTHA RESNICK I,BERTHA H.ES~nc:r~f of South Strabane Township,~'!c:shing- ton County,Pennsylvania,being of sound and disposing mind, memory and understanding,do make and declare this to be my Last Will and Testament,hereby revoking and making void all other Wills by me at any time heretofore made. FIRST:I direct that all my just debts and funeral expenses shall be paid from my residuary estate,as soon as prac- ticable after my decease,as a part of the expense of the administration of my estate. SECOND:I give,devise and bequeath my entire estate of whatever sort and wherever situate in Three (3)equal shares as follows: A.One-Third (1/3)to my daughter,Ruth Friedman. B.One-Third (1/3)to my son,Marvin Resnick. C.One-Third (1/3)to my Trustees hereinafter named for the use and benefit of my daughter,Sarah Pallik,subject to all the terms and conditions herein- / after set forth. (1)My Trustees shall be my daughter,Ruth Fried- man;my son,Harvin Resnick;and my son-in-law,Ed',lard Pallik. (2)My Trustees shall pay the income to or for the benefit of my daughter,Sarah Pallik in installments convenient to her but not less frequently than quarter- annually,for and during her lifetime.Further,during I!I.1 I ~~y Trustees shalJ.be ......;~'~.......-,, authorized to pay and distribute to her or for her benefit EXHIBIT "e" TI'Di"iiMl!I!'T so much of the principal of the Trust as my Trustees shall deem advisable for her comfort,health,mainte- nance,and support.In addition,my Trustees shall be "authorized to payout of the principal of the Trust, after the death of my said daughter,her final medical bills and funeral expenses. (3)Upon the death of my daughter,Sarah Pallik, the unexpended principal and income shall be distributed to my son-in-law,Edward Pallik,absolutely and free of Trust,and the Trust shall forthwith terminate.If the said Edward Pallik does not survive my daughter then the Trust shall be distributed to the issue per stirpes of Sarah Pallik,absolutely and free of Trust,subject, however,to the minority provisions hereinafter set forth. (4)While in the hands of my Trustees,neither the principal ~or the income of the Trust shall be liable for the debts of any beneficiary hereunder,nor shall' the same be subject to seizure or attach~ent by any creditor of any beneficiary under any writ or proceeding at law or in equity,and no beneficiary hereunder shall have any power to sell,assign,encumber,or in any man- ner to anticipate or dispose of his or her interest in / the Trust,or in the income produced thereby. (5)In addition to the powers conferred by law, my Executors and Trustees shall have the following discretionary powers: (a)To retain as an investment for my estate and the trust estate,without any duty of diversification,anv and all property,real or personal,received hereunder. -2- ; / . / (b)To invest and reinvest,including principal and accumulated income,in stocks,bonds, mortgages,securities or other property,real or personal,without being limited to the classes of securities or i.nvestments in v;hich fiduciaries are authorized by law to inveEt trust funds. (c)To sell any and all real estate held.as an asset of my estate and trust estate at such times, at public or private sale,for such prices and upon such terms as deemed advisable,and to make,execute and deliver any deed or deeds therefor,conveying title thereto in fee simple absolute,or for any less estate to any purchaser or purchasers,freed and discharged of any and all trusts hereunder. (d)To sell,exchange,lease,encumber,op- tion or otherwise dispose of all or any portion of my estate and trust estate in such manner and upon such terms and conditions as shall be deemed advisable, and which shall specifically include the authority to grant leases which extend beyond the term of any trust hereunder and beyond the period authorized by law,and to make,execute and deliver deeds,mort- gages,leas~s,assignments and other documents neces- sary to effect any of the powers granted. (e)To make distribution of my estate and trust estate to any person entitled'thereto in kind, in cash,or partly in kind and partly in cash,as deemed advisable,.and to this end allocation of as- sets in kind shall be in the sole discretion of my ficluciarics ..Astcts di3trib'uted in kind in satis- faction of any pecuniary distribution under the terms of this Will shall be distributed at their values on the date or dates of distribution. -3- , I ',J I )I .. .---- -," (f)To register or c2.rry any investI~ients held hereunder in their own name or in the name of a nominee or nomineesj provided,however,that all such investments shall be so designated upon the records of my fiduciaries that the trust'or estate to which said investments belong shall appear clearly at all times. (g)To vote by person or proxy any and all stock held in my estate and trust estate and to participate in any reorganization or merger of companies or corporations whose stock is so held. (h)To borrow for the purpose of my estate or trust estate'from any source,which shall include the ~uthority to borrow from any separate trust created herein,and as security for repayment,to hold or pledge the whole or any part of my estate or trust estate. THIRD:I hereby execute the general power of appoint- ment granted to me in paragraph SIXTH,I,A.2.of the Last Will and Testament of my late husband,Barney Resnick,which Will is dated December 19,1967 and was admitted to probate by the Register of Wills of Washington County,Pennsylvania following the death of the said Barney Resnick on September 10,1970.I direct that /One-Third (1/3)of the remaining principal of the Marital Trust created by my said husband shall be distributed to my daughter, Ruth Friedman;and that One-Third (1/3)of same shall be di5- tributed to my son,Marvin Resnick;and that One-Third (1/3)of same shall be distributed to my Trustees named in paragraph SECOND, C.(1)of this my Last Will and Testament for the benefit of my daughter,Sarah Pallik,and subject to all the ter~~and condi~icns III, I. I I I•!Ii ,,, t' , .\ ,, Lf·, r :I t I f Jt. r • Last Will and Testament. ¥"'.r·r=n -·4-.' .. made to the parents,or surviving parent,of said minor,which distributable to a minor then I direct that distribution shall be parents shall act as Guardians of the property of said minor. The Guardians shall have as broad power and authority with respect If any assets passing under this Will becomeFOURTH:It; t'I; IJ I" t to the assets they receive as is hereinabove granted to my Trustees.I Principal ~s well as income may be used by the Guardians for the health,maintenance,support and education of the minor. FIFTH:I hereby name as Co-Executors of this my Last Will and Testament my daughter,Ruth Friedman and my son,Marvin Resnick.I direct that neither of said individuals shall be j fl required to file bond in any jurisdict10n.I further direct that none of my Trustees named in this Will shall be required to file fiduciary bond in any jurisdiction. IN WITNESS WHEREOF,I,BERTHA RESNICK,Testatrix above named,have to this my Last Will and Testament set my hand and seal this Ik/J!fdayof I !J,c~ri~R~}~,;.L.;,I<~_(SEAL} Bertha Resn.1.ck "Signed,sealed,pub~ished and declared by the above (' named Testatrix,BERTHA RESNICK,as and for her Last will and her presence,a~d in the presence of each other,have hereunto /Testament,in the presence of us,who,at her request,and in (/ \ ther,eto .--j /j'"1//l'-//",//' ,IIJ':~'/j"f~.;-'["~/~(1'l(,",,<.---f l__'-r I ,'I Address)~5('e'');\(/);/(i / <J,tj:t),'tf ;};!/,.ld ..'J , I subscribed our nam~s as wi~nesses~/2.~J T'n- -5- Certified'a true copy •••ddiM O't$t,,cn'''',IN''#'",U"II'II'''',,,,".,""~IOI~~ren' I. IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION In re Estate of BARNEY RESNICK,DECEASED FOR BERTHA RESNICK,NOW DECEASED -FUND A .No.957 of 1970 ELECTION TO TAKE IN KIND I,Marvin Resnick,intending to be legally bound,do hereby elect to take and receive the following in kind as part of my distributive share: 1/2 interest in property situate 151-59 South Main St.&10 West Strawberry Avenue,Washington County,Pennsylvania Israel State Bond of 12 yr.Dollar Savings, 3rd Dev.Issue Reg.0.00%due 6/1/78 300 par IN WITNESS WHEREOF,I have hereunto set my hand and seal this ~day of March,1977. EXHIBIT "D-I" f _ IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION In re Estate of BARNEY RESNICK,DECEASED FOR BERTHA RESNICK,NOW DECEASED -FUND A No.957 of 1970 ELECTION TO TAKE IN KIND I,Ruth Friedman,intending to be legally bound,do hereby elect to take and receive the following in kind as part of my distributive share: Israel State Bond of 12 Yr.Dollar Savings, 3rd Dev.Issue Reg.0.00%due 5/1/79 300 par 75 Shs.Ford Motor Co.,Com. 325 Shs.McGraw Edison Co.,Com. 150 Shs.Phillips Petroleum Co.,Com. 216 Shs.Reynolds Metals Co.,Com. 100 Shs.Westinghouse Electric Corp.,Com. IN WITNESS WHEREOF,I have hereunto set my hand and seal this ~day of March,1977. Ruth Friedman EXHIBIT "D-2" r IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION In re Estate of BARNEY RESNICK,DECEASED FOR BERTHA RESNICK,NOW DECEASED -FUND A .. No.957 of 1970 ELECTION TO TAKE IN KIND We,Ruth Friedman,Marvin Resnick and Edward Pallik, Trustees under the Will of Bertha Resnick,deceased for the benefit of Sarah Pallik,intending to be legally bound,do hereby elect to take and receive the following in kind as part of our d~stributive share: Israel State Bond of 12 Yr.Dollar Savings, 4th Dev.Issue Reg.0.00%due 12/1/79 200 par 1/32 working interest in Keefer well No.2 Oil and Gas Lease Roane Co.,West Virginia 75 Shs.Ford Motor Co.,Com. 325 Shs.McGraw Edison Co.,Com. 150 Shs.Phillips Petroleum Co.,Com. 217 Shs.Reynolds Metal Co.,Com. 100 Shs.Westinghouse Electric Corp.,Com. IN WITNESS WHEREOF,we have hereunto set our hand and seal this 2 day of March,1977. Edward Pallik EXHlBlT "D-3" T"I~-2 RF.V."Sl-62 ••i r. IN THE COURT OF COMMON PLEAS OF WASHINGTON COUNTY,PENNSYLVANIA ORPHANS'COURT DIVISION NO.63-70-957A ESTATE OF BARNEY RESNICK,DECEASED SUPPLEMENT TO FIRST AND FINAL ACCOUNT OF PITTSBURGH NRTIONRL BRNK , RUTH FRIEDMAN AND HAROLD FRIEDMAN,TRUSTEES UNDER WILL FOR BERTHA RESNICK,NOW DECEASED FUND A NO.80820-8 PITTSBURGH,PA.MARCH 7,1977 SUMMARY------- SCHEDULE A PRINCIPAL -PERSONALTY Receipts Pages 4 &5 360,197 26 Disbursements Page 5 207,063 69 Balance 153,133 57 SCHEDULE B INCOME -PERSONALTY Receipts Page 6 80,222.48 Amount transferred from Income-Realty 1,599.26 81,821 74 Di sbursements Page 7 69,739 47 Balance 12,082 27 SCHEDULE C, PRINCIPAL -REALTY Receipts Page 8 43,000 00 II I Disbursements Page 8 0 00 !; Balance 43,000 00 SCHEDULE D - INCOME -REALTY Receipts Page 9 23,466 00 Disbursements Pages 9 &10 21,866.74 Amount transferred to Income-Personalty 1,599.26 23,466 00 Balance 0 00 NET BALANCE 208,215 84 EXHIBIT "E" ,------------------------------------------ BARNEY RESNICK TR-2-A REV,9-6. THE BALANCE CONSISTS OF THE FOLLOWING: PRINCIPAL -PERSONALTY Bonds Israel State l2-Year Dollar Savings,3rd Development Issue due 5/1/79 $300 Israel State l2-Year Dollar Savings,4th Development Issue due 12/1/79 $200 Israel State l2-Year Dollar Savings,3rd Development Issue due 6/1/78 $300 Stocks Ford Motor Company 150 shares McGraw-Edison Company 650 shares Phillips Petroleum Company 300 shares Reynolds Metals Company 433 shares 336 00 220 00 348 00 8,868 75 20,150 00 17,437 50 ~ 17,482 38 904 I 001 Westinghouse Electric Corp. 200 shares Miscellaneous 1/32 W.I.Keefer &°#2 Well Smithfield District,Roane County,West Virginia Cash INCOME -PERSONALTY Net income accrued to 11/11/76, Date of Death of Bertha Resnick, as follows: Stocks 646 shares Eastern Gas &Fuel Associates,Cornmon 8,006.43 Cash Balance cash as of 11/11/76 1.37 Cash dividend on 646 shares Eastern Gas &Fuel Associates payable 12/29/76 (being income on asset held at date of death)129.20 -2- 3,600 00 8,137 00 67,538 63 43 00 68,485 63 84,647 94 153,133 57 BARNEY RESNICK TR-2-A REV.9-6 Net income since 11/11/76, Date of Death of Bertha Resnick 3,945 27 12,082 27 I PRINCIPAL -REALTY I I Real Estate I 1/2 interest 151-159 South Main Street &10 West Strawberry Avenue,1st Ward,Washington, Washington County,Pennsylvania 43,000 00 208,215 84 I I I, ,-3-I I BARNEY RESNICK TR-2-A REV.9-62 SCHEDULE A !PRINCIPAL -PERSONALTY I I RECEIPTS I Per First and Final Account 350,415 26 Adjustment in carrying value of following securities to market value as of 3/7/77 in order to make an equitable distribution Increase 150 shares Ford Motor Company,I Common 1,837.50 650 shares McGraw-Edison Company,Common 3,656.25 433 shares Reynolds Metals Company,Common 9,850.75 15,344.50 Decrease 300 shares Phillips Petroleum Company,Common 2,962.50 200 shares Westinghouse Electric Corp.,Common 2,600.00 5,562.50 Net Increase 9,782 00 360,197 26 Assets Purchased General Motors Acceptance Corp. Demand Note 1/4/77 88,000.00 1/21/77 86,000.00 2/17/77 85,000.00 Conversion of Assets Without Gain or Loss Proceeds sale General Motors Acceptance Corp.Demand Note at 100,as follows: 12/30/76 88,000.00 Carrying value 88,000.00 0 00 1/21/77 88,000.00 Carrying value 88,000.00 0 00 2/17/77 86,000.00 Carrying value 86,000.00 0 00 -4- TR-2-A REV.9-62 3/2/77 Carrying value BARNEY RESNICK 85,000.00 85,000.00 o 00 o 00 360,197 26 1977 Jan.5 5 10 Feb.8 Mar.2 DISBURSEMENTS Per First and Final Account Administrative Expenses Pittsburgh National Bank Postage &Insurance on mailing of securities -12/7/76 Telephone call to Ohio on 11/3/76 -Paid 1/20/77 Ruth Friedman Trustee's Compensation Expenses Howard E.Goldfarb Attorney's fee Harvey Stuart,-Register of Wills Balance due for Filing First and Final Account Loren W.Carl Agency 1/2 share of fee for appraisal of property situate 151-159 South Main Street Pittsburgh National Bank Trustee's Compensation Amount reserved for recording Schedule B portion of Decree Amount reserved for cost of transferring securities -5- 750.00 181.92 8 35 4 61 931 92 1,250 00 74 00 200 00 1,180 00 12 00 55 00 203,347 81 3,715 88 207,063 69 TR-2-A REV.9-62 BARNEY RESNICK SCHEDULE B INCOME -PERSONALTY RECEIPTS Per First and Final Account Additional income to 11/11/76,date of death of Bertha Resnick Dividends Eastern Gas &Fuel Associates 646 shares -12/29/76 Additional income since 11/11/76,date of death of Bertha Resnick Dividends Ford Motor Company,Common 150 shares -3/1/77 McGraw-Edison Company,Common 650 shares -12/10/76 Phillips Petroleum Company,Common 300 shares -3/1/77 Reynolds Metals Company,Common 433 shares -12/22/76 Westinghouse Electric Corp.,Common 200 shares -3/1/77 Interest-Short Term Investments General Motors Acceptance Corp. Demand Note 88,000 -to 12/30/76 88,000 -to 1/21/77 86,000 -to 2/17/77 85,000 -to 3/2/77 Miscellaneous Unused amount reserved for payment of 1977 Washington County Personal Property Tax Amount transferred 'from Income -Realty -6- 120 00 243 75 135 00 129 90 48 60 336 17 199 57 320 78 153 40 8 71 78,397 40 .I 129 20 1,695 88 80,222 48 1,599 26 81,821 74 ,,-----------------_.- BARNEY RESNICK TR-2-A REV.9-6 DISBURSEMENTS Per First and Final Account Additional Disbursements to 11/11/76, date of death of Bertha Resnick Distribution Ruth Friedman &Marvin Resnick,Executors of Estate of Bertha Resnick On account of net income accrued to 11/11/76,date of death of Bertha Resnick -Paid 1/13/77 Additional Disbursements since 11/11/76, date of death of Bertha Resnick Pittsburgh National Bank Transaction charges on sale of Short Term Investments -1/27/77 to 2/18/77 30 00 53,452 47 16,137 771 1977 Feb.28 Pennsylvania Department of Revenue Pennsylvania Fiduciary Income Tax Trustee's Compensation -7- 18 00 101 23 149 23 69,739 47 BARNEY RESNICK TR-2-A REV.9-6 SCHEDULE C PRINCIPAL -REALTY RECEIPTS Per First and Final Account 37,719 02 Adjustment in carrying value of following property to market value as of 3/7/77 in order to make an equitable distribution:I I1/2 interest in property situate I 151-159 South Main Street &10 West Strawberry Avenue,Washington County,Pennsylvania 5,280 98 43,000 00 DISBURSEMENTS Per First and Final Account 0 00 , i -8- , ..~,,••" ! BARNEY RESNICK TR-2-A REV,9-62 SCHEDULE D INCOME -REALTY RECEIPTS Per First and Final Account 20,681 60 Additional income since 11/11/76, date of death of Bertha Resnick Rents -1/2 share I 151-159 South Main Street &10 West Strawberry Avenue,Washington County,Pennsylvania December 1976,January &February 1977 and on account of March 1977 2,784 40 23,466 00 DISBURSEMENTS Per First and Final Account 20,681 60 Additional Disbursements to 11/11/76, date of death of Bertha Resnick !Taxes &Expenses -1/2 shareI 151-159 South Main Street &10 West Strawberry Avenue,Washington County,Pennsylvania Marvin Resnick 3%of gross rent in amount of $20,636.00 for services rendered 619 08 ! Additional Disbursements since 11/11/76, date of death of Bertha Resnick Taxes &Expenses -1/2 share 151-159 South Main Street &10 West Strawberry Avenue,Washington , County,Pennsylvania Columbia Gas Service -to 2/4/77 265 21 West Penn Power Company Service -to 2/10/77 41 18 -9- ..,. BARNEY RESNICK I TR-2·A REV.9-62 I Marvin Resnick 3%of gross rents in amount of $45.60 for services rendered 1 37 William McVee,Jr. I Plumbing services -1/14/77 & 2/16/77 37 50 washington Bar &Restaurant Company Drain opener -2/16/77 1 44 McVehi1 Plumbing &Heating Plumbing repa.irs -2/16/77 & 3/4/77 7 12 I ,IIPittsburghNationalBank Appraisal fee inre 1/2 interest in property -1/27/77 31 25 I Trustee's Compensation 180 99 566 06 21,866 74 Amount transferred to Income-Personalty 1,599 26 I23,466 00 I I i I -10- TR-2-A REV.9-62 • BARNEY RESNICK Proposed Schedule of Distribution Per Petition for Distribution TO:Pittsburgh National Bank,Ruth Friedman &Harold Friedman,Trustees Under Will of Barney Resnick for Bertha Resnick,Now Deceased - Fund A,Account #80820-8 PRINCIPAL -PERSONALTY Amount suspended for undetermined Federal Estate Taxes owing as a result of the death of ,Bertha Resnick Per Sixth Paragraph IA.1 of Will: TO:Ruth Friedman &Marvin Resnick, Executors of Estate of Bertha Resnick INCOME -PERSONALTY Balance of net income accrued to 11/11/76,date of death of Bertha Resnick Stocks 646 shares Eastern Gas &Fuel Company,Common Cash Per Sixth Paragraph IA 2 of Will: (As per Power of Appointment exercised by Bertha Resnick by her Last Will and Testament) TO:Marvin Resnick -1/3 share (Per Election to Take in Kind) PRINCIPAL -PERSONALTY Bonds 300 Israel State l2-year Dollar Savings,Third Development,Issue of 6/1/78 Cash -11- 8,006 43 130 57 348 00 5,363 19 5,711 19 l.(• 50,000 00 i 8,137 00 BARNEY RESNICK INCOME -PERSONALTY Net income since 11/11/76, date of death of Bertha Resnick PRINCIPAL -REALTY 1/2 interest in property situate 151-159 South Main Street & 10 West Strawberry Avenue, Washington County,Pennsylvania Per Sixth Paragraph IA 2 of will: (As per Power of Appointment exercised by Bertha Resnick by her Last Will and Testament) TO:Ruth Friedman -1/3 share (Per Election to Take in Kind) PRINCIPAL -PERSONALTY Bonds 300 Israel State 12-year Dollar Savings,Third Development Issue due 5/1/79 Stocks 75 shares Ford Motor Company,Com. 325 shares McGraw-Edison Company, Common 150 shares Phillips Petroleum Company,Common 216 shares Reynolds Metals Company, Common 100 shares Westinghouse Electric Co rp.,Common Cash INCOME -PERSONALTY Net income since 11/11/76,date of death of Bertha Resnick -12- 1,315 09 43,000 00 336 00 4,434 38 10,075 00 8,718 75 8,721 00 1,800 00 34,085 13 14,626 06 48,711 19 1,315 09 0,'I 50,026 28 50,026 28 ., .., ...,~ 50,026 208,215 43 00 8,761 38 8,718 75 4,434 37 1,800 00 1,315 09 10,075 00 34,052 50 48,711 19 14,658 69 325 shares McGraw-Edison Company Common 75 shares Ford Motor Company,Com. 217 shares Reynolds Metals Company, Common 100 shares Westinghouse Electric Corp.,Common 150 shares Phillips Petroleum Company,Common 1/32 working interest in Keefer Well #2 Oil &Gas Lease Roane County,West Virginia Miscellaneous Cash Net income since 11/11/76,date of death of Bertha Resnick INCOME -PERSONALTY BARNEY RESNICK TR-2-A REV.9-6, Per Sixth Paragraph IA 2 of Will: (As per Power of Appointment exercised by Bertha Resnick by her Last Will and Testament) TO:Ruth Friedman,Marvin Resnick & I Edward Pallik,Trustees Under Will of Bertha Resnick for Sarah Pallik -1/3 share (Per Election to Take in Kind) PRINCIPAL -PERSONALTY Bonds I 200 Israel State 12-year Dollar Savings,Fourth Development Issue due 12/1/79 220 00 Stocks 28 84 AC/bs -13- IN THE COURT OF COMMON PLEA OF WASHINGTON COUNTY,PENNA ORPHANS'COURT DIVISION 'I'J1"'1 h ~_ 7 ()_Q t:;7 ?1 ". IN RE: ESTATE OF BARNEY RESNICK,deceased Testamentary Marital Trust (Fund A) ~>~Ul ::I:_ 0 0 ~~=e-1 m »o~-I::O.z~cio 11 :t ::urtl1'1 Z 111z..I'll 111 •'z r -<,~~>0(;)r c;'l -I <Ulr r >-1>0~.~~'11 >om > ;;;-I ::0~m :~ • # ,I FOR:BERTHA RESNICK,now deceased,Life Beneficiary PETITION SUR AUDIT HOWARD ~GOLDFARB ATTORNEY AT LAW 50 WEST WHEELING STREET WASHINGTON,PENNSYLVANIA 15301 I I____I