HomeMy WebLinkAbout95-00497
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PETITION I'OR PROBATE Bnd GRANT OF LETTERS
21-95- J!q7
L/
No.
To:
Register of Wills for the
Deceased. County of Cumberland In the
Social Security No. 544-12-1159 Commonwealth of Pennsylvania
The petition of the undersigned respectfully represents that:
Your petltloner(s), who Is/arc \8 years of age or older an the exeeut orR
In the last will or the above decedent, dated Januarv 10
and codlcll(s) dated None
".k4L s. ~.t\lJ.,.:'f';'L 1>,;"1) (J"" ,uiHI a.tI' 'Clt3'1
Estate 01 MARY A, SIII'.AI'I'ER
also known as Jlt"tl~ ~ ..~ ... "'''VIL
named
,19..ll1-
Judith H, lIo11enbauRh nov by mnrriaRe Judith S. Derr
(Itate rclevant circumstances, e.l. renundalion. death of executor, elc.)
Decendent was domiciled at death in Cumberland County, Pennsylvania, with
ner last family or principal resl~ence at 1236 Sprfnll Road_ CarlfR1e Borom,h
(IIUlUcct. number and munclpalit)')
Decendent, then 72 years of age, died Hny 16 , 199';
at lIerRhev Medical Center .
Exeept as follows, decedent did not marry, was not divorced and did not have a ehlld born or adopted
arler execution of the will offered for probate; was not the victim of a killing and was never adjudicated
Incompetent:
Deeendent at death owned property with esllmated values as follows:
(If domiciled In Pa.) All personal property
(If not domiciled In Pa.) Personal property In Pennsylvania
(If not domiciled In Pa.) Personal property In County
Value of real estate In Pennsylvania
situated as follows:
$460.000.00
$
$
$ 91,000.00
WHEREFORE, petltloner(s) respectfully request(s) the probate of the last will and eodiell(s)
presented herewith and the grant of lellers Testamentary
(tes1amentar)'; adminlstrallon c.t.a.; admlnluratlon d.b.n.c.t...)
theron.
(./ad1ilJ / i.r),UI/I)!.r'"'jIL)
1_ V L !lltid/,J.J,{.jJ..!}..)
~i Jud,ith S. Ilerr a/k/a Judith H.
....8 38 RURt! e Drive lIo11enbaUlth
!n Shfnnensbur2. PA 17257
i~ 530-5737
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Carlisle. PA 17013
243-4139
OATH OF PERSONAL REPRESENTATIVE
COMMONWEALTH OF PENNSYLVANIA } 88
COUNTY OF r...mhprlnn<l
The petltloner(s) above-named swear(s) or aHirm(s) that the statements in the foregoing petlllon are
true and correct to the best of the knowledge and belief of petltloner(s) and that as personal rcpresen-
tallve(s) of the above decedent petltloner(s) will well and \rul admln~~ r}he c:ltate according to law.
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Sworn to or affirmed a.w <ubserlbed '- /t // "- ;,. J ~
before me this <8t~ d~ of t)c r i'
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MARY ,'LEW'IS' Registe,- ik Jr. ~
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'!ll~gt J1ill ~tth '(i[tgt~uttnt
I, MARY C, SHEAFFER, of the Borouih of Carlisle, Cumberland
County, Pennsylvania, declare this instrument to be my Last Will
and Testament, hereby expressly revoking all Wills and Codicils
heretofore made by me.
1. I direct my executor to pay all of my debts, funeral and
administrative expenses as soon as may be done conveniently after
my decease.
2. I authorize and empower my executor to sell any realty
owned by me at my death, at either public or private sale, and to
give good and sufficient deeds therefor, in fee simple, as I could
do if living.
3, I devise and bequeath all of my estate of every nature and
wherever situate to my husband, Paul S. Sheaffer; providing he shall
survive me by sixty days.
4. Should the gift in Paragraph No. 3 not take effect, I devise
and bequeath all of my estate of every nature and wherever situate
to my two children, share and share alike, the child or children of
any deceased child taking the share their parent would have taken if
living,
5. I nominate and arpoint Paul S. Sheaffer, to be the executor
of this my Last Will and Testament; he is to serve as such without
bond. Should he die before my death, renounce or refuse to serve
for any reason, or die leaving any of my estate unadministered, I
nominate and appoint Paul S. Sheaffer, Jr. and Judith M. Hollenbaugh
as substitute executors, also to serve as such without bond, with
the same powers as are given herein to my executor,
6. I hereby suggest that my personal representative retain
the services of Irwin, Irwin & Irwin as attorneys in the settlement
of my estate.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this
.
It) day of January, 1978.
1lI..1c"13HE~F~SEAL)
Signed, sealed, published and declared by Mary C. Sheaffer, the
above named testatrix, as and for her Last Will and Testament, in the
presence of us, who at her request, in her presence and in the
presence of each other have subscribed our names as tnesses hereto.
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CERTIFICATION OF NOTICE UNDER RULE 1I.6(a)
Name of Decedent:
Mal)' A. Sheaffer
Date of Death:
MI\Y 16. 1995
Estate No.:
21-95-497
To the Register:
I certify that notice of the beneficial interest required by Rule 5.6(a) of the Orphan's Court
Rules was served on or mailed to the following beneficiaries of the above-captioned estate on
July 6. 1995
~
Address
Judith S. Derr
Paul S. Sheaffer. Jr.
38 Rustic Drive. Shillllensburll. PA 17257
256 Old Stone House Road. Carlisle. PA 17257
Notice has now been given to all persons entitled thereto under Rule 5.6(a) except none
Date:
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Signature (
IRWIN, Me our &; HUOHES
Name Roaer 8. Irwin
/\ddre... 60 We.t PomCrot Street
CoriU.te. PA 17013
Telephona 17171 249.2353
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Pcnonal Representative
COWlSOI for PCI'IIOnaI Representative
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INHERITANCE TAX RETURN
RESIDENT DECEDENT
(TO BE FILED IN DUPLICATE
WITH REGISTER OF WILLS COUNTyeOOE
DECEDENT'S NAME (LAST, FIRST. AND MIDDLE INIfIAl) DECEDENT'S COMPLETE ADDRESS
Sheaf for Mar A. 1236 Spring Rood
SOCIAL SECUAITYNU",aEA OATE OF OEATH aATEOFOIATH Car 11s1a, PA 17013
544-12-1159 05/16/1995 12/10/1922
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CO"'~P.t'~~thl~'lJ".MI1:'il~~ANIA
HARRlsB8~g,~~ ";.0601
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FilE NUMBER
FOR OATES OF OEATliAFlEn 1i!'J1I91 CHECKttE"E
IF A SPOU9Al
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21-95-0497
'\'EAR
County Cumbar1and
(IF APPLICABLE) SURVIVING SPOUSE'S NAME(lAST.FIRST AND MIDDLE INITIAL) SOCIAL SECURITY HUMBER
X 1. Original Return
4. limited Estato
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NUMBER
"Mourn RECEIVED (SEE INSTRUCTIONS)
0.00
06.
-LB.
Remainder Return
(for dates of daath prior 1012-13-62)
Federal Estate TalC Return Required
Total Numbor 0' Sa', Oeposil Boxes
(9)
(a)
2. Supplamental Rolurn
4.. Future Inlerest Compromise
(lor dates 01 dealh aUar 12-12-62)
[ID 8. Decedent Died restate 0 7. Decedent Maintained I Living Trust
(Allach co 01 Will) (Attach a co 01 Trust)
C P All CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO.
o 0 NAME COMPLETE MA!L1NQ ADDRESS
R N
R D Ro sr B. Irwin IRWIN, McKNIGIIT [, HUGHES
~ ~ TELEPHONE NU"'BEA 60 West Pomfret Street
- T 717-249-2353 Carli ole PA 17013
1. Raal Estata (Schedule A) 1 79 , . 0
2. Stocksand Bonds (Schedule B) (2) 2,632.50
3. Closely Held StocklPannetshlp In.arest (Schedula C) (3) 439 .478.00
4. Mongages and Notes Recelvablo (Schadule 0) (4) 33 ,525.18
5. Cash. Benk Depos~s & Miscellaneous Personal P,openy (Sch, E) (6) 47 , 754.00
6. Jolnlly Own.d Propeny (Schedule F) (6) None
7. Transfers (Schedule G)(Schedule l) (7) 27 ,501. 91
B. Total Gross Assels lto.al lines 1-7)
9. Funeral Expenses. Administrative Costs. Miscellaneous
E'penses (Schedule H)
10. Debts. Mongage llablllllas, liens (Sch.dula U
11. Total Deductions ltotal lines 9 & 10)
12. Net Value 01 Estate (line 6 minus Line 11)
13. Charitable and Governmental Baquests (Schedule J)
14. Nal Value Sub acT 10 Tn (line 12 minus line 13)
16. Spousal Transfers (lor dales of death aUer 6-30-94)
See Instructions lor Applicable Percentage on page 2.
(Include values from Schadule K or Schadul. M.)
18. Amount 0' LIne 14 laxabl. aI6'/. rale
(Include valuGs 'rom Schedule K or Schedule M,)
17. Amounl 01 LIne 14 taxable at 151/. rate
(lncluda values from Schedule K or Schedule M.)
la. Principal la, due (Add la' Irom Line 15, 16 and 17.)
19. Cr,ditslSp Poverty Prior Payments Discount Interest
0.00+ 29,000.00 + 1,526.32 0.00
20. II Line 191s greater than line 18, enlar Ihe dillerance on Line 20. this Is Ihe OVERPAYMENT.
[!J 0 Chick here II au are re ue.Un a refund 0' our OVer . ment.
21. II line 181s g"aler than line 19. enler Ihe difference on LIne 21. This Is th. TAX DUE.
A. Enter the Inleresl on the balance dUI on lIn. 21A.
B. Enta, thelotal 01 line 21 and 21A on line 21B. This Is the BALANCE DUE.
Mako Check Pa able to. R. leto, 01 Will.. A enl
· · BE SURE TO ANSWER All QUESTIONS ON PAGE 2 ANO TO RECHECK MATH .. ..
., ptl"ll t.. 0 PI' WY. d.c ",.Ih., h".... ellm ne 1 sr.turn" nc Udlng Iccompllny ng scnedu '11 II.tlmenl.. al'MJ 10 I . bello my nowle ge.nd Ie. 1 .1'.....
correet.nd camp' Ie. decll.,.lh.t .11 r..' esllle h.. bun r.portedI.t In. malket nlue. O.cll,"lIon of prlplrtf olher Ihln the ptfloMlltpre..nl,Uv.'1 bl.sed on Itllnfo"nlllon of
W ef. nowl ""I''',.,
OR FILINQ RETUR,. DATE
40,687.33
(10)
848.25
(11)
(12)
(13)
(14)
(16)
0.00 X
:
(16)
588,356.01 X .06:
(17)
0.00 X ,15:
(16)
(19)
(20)
(21)
(21A)
(21B)
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Carlisle, PA 17 3 Snippensburg, 'A I L I
UAE OF PAEPAAEA OTHEA THAN AEPRESENTATlVE IRWIN, McKNIGHT [, HUGHES
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m 'OftWlft only CPSy.telTll,lnc,
629 , 891. 59
41,535.58
588,356.01
None
588 356.01
0.00
35 , 301. 36
0.00
35 , 301. 36
30,526.32
0.00
4,175.04
0.00
4,175.04
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02/15/96
CATE
02/15/96
Form 1500 (A.....7.U.)
Act 1148 01 1994 provides lor the reduction 01 the tax rates Imposed on the net value oltranslers to ., lor".
the use 01 the spouse. The rates as prescribed by the statute will be:
.3'1. (.03) will be applicable lor estates 01 decedents dying on or aller 7/1/94 and belore 1/1196
.2'1. (.02) will be applicable lor estates 01 decedents dying on or aller 1/1196 and belore 1/1197
.1'1. (.01) will be applicable lor estates 01 decedents dying on or aller 111197 and belore 1/1198
.Spousal translers occurring on or aller 1/1/98 will be exempt Irom Inheritance tax.
PLEASE ANSWER THE FOLLOWING QUESTIONS
BY PLACING A MARK (Xl IN THE APPROPRIATE BLOCKS,
YES NO
1. Old decedent make a transf., and:
a. retain the uSlcrlnc:omeofthe prop.rtytransf.rred.. .. . .... . . . , . . . . . . . . . . .. . . .. . .. . .. . .
x
b. retain the right to designate who shall use the property transferred or its Income. . . . . . . . . . . . . . . . . . . . . .
x
c. ,etalnar.v.rslonarylnterestior. . . . . . . . . . . . ..... . . . . . . . . . . . . .. . . .. .. . . .. . .. . .
x
d. rec.lvllh. promls. lor I~. 01 .lther paymon". b.n.fits or care? . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
x
2. If death occurred on or beror. Oecember 12. 1982. did decedent whhln two years preceding death
transfer property without recelvfng adequate consideration? II death occurred afte, December 12.
1982. did decedent transfer property within one year of death without receiving adequate
consideration? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
x
3. Old decedent own an 'In trust tor' bank account at his or her death? . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
x
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES,
YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
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Copyrtght (e) tlt4 form software onft CPSYII''''', Inc.
Form 1500 (R....7.1<)
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REV. 1102 EX + (lZ.UI
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CO....Iim{\g,woY""IA
ESTATE OF FILE NUMBER
Mary A, Sheaffsr SSII 544-12-1159 05/16/1995 21.95.0497
(Proplrty Jolntly-ownld with Right 01 Survlvorlhlp mUlt be dllclolld on Schldull FI All rill Illltl Ihould b. reportld It '"I, mlrk.t volu.
which II d.nned .Ithl prlc. It which proplrty would b. ..chlnged bllWlln . willing bUYI' Ind I willing IInlr, nllther b.lng eomp.lI.d to
bu or 1.11, bolh hlvln '..Ionlbl. knowlod . olthl rellvlnt '"cll.
ITEM
NUMBER
1
SCHEDULE A
REAL ESTATE
'.
DESCRIPTION
VALUE AT DATE
OF DEATH
79,000.00
1236 Spring Road, Carlisls,
Cumbsrland County, mors
particulary deacribed in
Deed Book "N". Vol. 13, Page
281 (sattlement shest
attachsd) .
TOTAL (101.0 Intor on Ilnl 1, Rica Ilulalion)
(II moll 'P"C' Is nlldld. In,". Iddttlonal .holts 01 sarno slzl.)
CPS atems,lnc.
s
79 000.00
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REV ,"0' EX . (1.111
COM.~_MbYAHIA
ESTATE OF
SCHEDULE C
CLOSELY HELD STOCK,
PARTNERSHIP AND PROPRIETORSHIP
please Print or T .
FILE NUMBER
21.95.0497
Mary A. Sheaffsr ssg 544-12-1159 05/16/1995
10 r1elonhl n
VALUE AT
DATE OF DEATH
331,369.00
108,109.00
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~Sl:Mdul.C;I~rat:C'OZ.l\Iuat \Mo 'attachlcl fauai:h. bulln...'lrilarMt of the d......nt..oth..than. a
ITEM
NUMBER
1
DESCRIPTION
Letort Warshouses
2
Sheaffer Brothers, Inc.
,.
TOTAL (Alia Int.. on IInl 3. RIca hulatlonl
(II marl IplCIIs noldld. In..n Idd1tlonallhllts of limo Iln.)
$
439 478.00
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SCHEDULE C-'
CLOSELY HELD CORPORATE STOCK
L INFORMATION REPORT
e or Prlnl
(OMMONWfALfH O. P!NHIy\YANI'
INHnlTANCI T^xllTUAN
II'tOIH' gfCIOINT
Pleole T
fILl NUMOIA
ISTATl or
KARY A. SUEAFFER
21-95-497
1. Nam. of COfJtorallon
Letort Warehouses Ine.
Pennsylvanis
5101.01 Inc.
51'11' Add,...
405 North East Street
06-01-62
DOl. of Inc.
aly
Carlisle
.51." Pennsylvania lip C.d. 17013
Tolal Numb., of Shar.hold.1tI
2.
fodor.ll. D. Numb.. 23-1626897
150m. A, federal 'arm 11201
Typ. a' IUlln,.. Wholesoler
BUlin... R.poning y,or January 1
,.
December 31
3.
Produd
Auto Supplies
4.
.5. E.,trnOled Value of Dtud."t'. Inl.,.,t
UNIT VALUI I TOTAL
1I0eK
T8btM~~MAS
681
, SBHt8:ll'alWD
451
$331.369
TV,.
PAR VALUI
$734.74
Common
$100
,,.I,r,.d
Pro~ld. 011 flShll and ",'rldlon. p.rtalning 10 tach don of .Iock,
6. Was d.c.d.nt 'mploy.d by ,h. Corporallon' Dy" I!lNo
If Y", POI:IIO" Annual Salary S
7. "mounl and type of compon)' Ind.bt.d"... to d'Cld,nl 01 dol. of d,ath, s....26. 6 7'i. ] R
8. Was th.,. lif.lnsuranc, payable ta the corparollon upon dlalh of dlcld.nl' OVII r:lNo
Tim. D.vol.d to bUlln,"
N.t Procllds Poyabl'l S
If yl.. Calh Surr.nder Valu'l S
Owner of Policy
9. Did thl dlCldlnt ,.11 or transfer ,tack of Ihl, campony wilhln on, y,ar prior to d,olh If Ih, dOlI of dloth wo. on or ah.r 12/13/82 or within two y.an If the dol,
0' dlolh WOI prior to 12113182,0 V., [!) No
If Y"I
, or SHARn
TRANSPlREE OR PURCHASER
AMOUNT
DATE
10. Did Ihl corporo1lon have an Inter.st In olher corporollons or portnlnhlps' V'I No
If )'''. IIporllh. n.c.uary Infermallon on a ..parol. Ih..l. Including Sch.dul. "C. 1 ,. or "C.2" for .och Inl,"II,
11. WOI Ih,,. 0 wrln.n ,hollhold.,,' agrllm.nlln .H.d allh.llm. of Ih. d.ced.nl's dIal'" OV" OONo
II )'''. affom copy of ogrllm'nt.
12. Wallh. dICld.ntl, Slade .old' Dv" I!lNo
If )''', provld. a capy of Ih, aor..m.n, of ,01., .Ic.
13. Wo, the corporation dluolv.d or liquldal.d aherlh. dlc.dl'll'. d.al'" Oy.. ~I'lo
If )"', provld. a bllakdown of IIquldallon dl.trlbulions, Ilc, Ahach 0 'Iparalt shill.
lA. PllolI ,ubmlllh, 'allowing In'ormatlon whh Ihh "h.dul'l
A, A d.lall.d d..alptlon ,hawing the m.thod of computation utilized In Ih. valuation of th. dlcedlnl" Itock,
8. Compll" copl.. of financial "at.m.nt. or campi.,. coplel d th. F.deral Tu R.lurn, (Federal form 11201 for the )'.ar of d.alh and A pr.ndlng )'.on.
C. A ,tal.m.nt of dlvld.nd, paid .ach y.or. USI thai' dlclortd and "npala,
O. Lilt nom.. of oHlnn. lolorlll, bonu... and on)' elkll b.n.fit, tluiv.d from Corporation.
E. If !h. Company own.d r.al .,tol., ,ubmlt 0 Ihl Ihowln9 Ihl compl". oddllu/" and ,,'Imot.d fair Mork'l Volu'/I, If R.al E,lat.
Appror..~11 hav, blln IlCur.d, pl.o,. allaeh COplll,
f. U" prlndpalllockhcld". at dolt of d.al!" numb.r of Ihor" h.ld, and r.lollon,hlp to d,ud.nl.
13. ALL OTHER INfORMATION RELATIVE TO AffiXING THE lRUE VALUE OF THE OECIOINT'SINTUEST SHOULO ACCOMPANY THIS SCHEDULE.
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COMMONWUUH O. !t!NNSVlVANIA
INHnIfA'-.lCe '^ll. .nUlN
RUIDINT ofCI'DlNT
SCHEDULE C-l
CLOSELY HELD CORPORATE STOCK
INFORMATION REPORT
PleOIB T B or Prlnl
FILl NUMBIR
ISTArt or
MARY A. SI~FER
21-95-497
I. Nam. of CorJ.lorallon
Sheaffer Bros. IDe.
5101. of Inc.
Pennsylvania
12-20-54
Slr,.1 Ad.Jr.u
405 North East Street
DOl. of Inc.
City
Carlisle
Tolal Numb., of Shari hold",,,
11
5'ot, Pennsylvania
Zip C.d. 170 13
2. Fod.,.II. D. N,mb.r 23-1441549
ISam. A. fed,ral form 11201
3. Typ. of 8ulln... Wholesaler
8ulln,,, R.porting Y,ar -4!lDunrv 1
,. December 31
ProdUd
Auto Parts
A.
5. Eltlmat,d Valu. 0' D.ced,nt', Inl"'lt
STOCK
TYr. T8~~M~MI'&S
644
$108,109
. SIlARES OWNED
BY OECEDENT
PAR VALUE
UNIT VALUE
TOTAL
$100
365
$296. 19/50
Common
Pr,f,rr.d
P,o...ld. 011 rlgh', and ,.slrlctlon, p'rtalning 10 .och clan of Ilock.
6. \Yo, d,c.d.nt Imploy.d by ,h. Corporation' Dy,. ~No
If Y", Po.:UO" Annual Salary S
7. Amallnl and type of compony Ind.bt.dn... to dlC.d.nt 01 dal. of d.ath: S 6.850
8. Was ,hI" 11,.lnluranc. payable to the corporallon upon d.alh of d.Cld.nt' Oy.. ~NQ
Tim. o'~QI.d to bu,ln...
IF yll, Ca.h Surr.nder ValUII S
Own.r 0' Policy
9. Old th. d.Cld.nt..1I or Irand.r Ilock of thll company within on. y.ar prior 10 d.alh IF Ih. dol. of d,olh WOI on at ah.r 12/13/82 or within two y.an If th. dol,
0' d.ath was prior to 12/13/82.0 VII (i) No
IF )"11
N.I Praclldl Payabl.: 5
, OP SHARES
TRANSFEREE OR PURCHASER
AMOUNT
OATE
10, Old Ih. corporolion ha~. on Inl.rlllln oth.r corporallon' or portn.nhlp,' Y.. No
If Y", t,pOr1th. n.Clllary Infermat/on on a "parol. ,hilt, Including Sch.dul. lie. 1 " or "C.2" for .och Int.rllt,
11. Walther. a wrltt.n .hallhold.n' agrum.nlln ,ff.d allh. tlm. 0' th. d.Cld.nt'l d.alh' OV" lilNo
If Y'" anoth copy 0' agr..m.nt,
12, Wo, th. d.ud.nt', Ilock ,old' Oy.. [i]No
If Y'" pro~ld. a copy or th. ogr..m.nt 0' 101., .Ic,
13. Was Ih. corporation dl..ol~.d or IIquidat.d after tho d.Cld.nt'. d.alh' OV.. fi],.,o
If y", pro~ld. 0 br.akdown of Iiquldotlon dhlrlbullonl, .Ie. Anoch a ..paral. .h"t.
'4, PI.al. lubmlt Ih. followIng Information whh thll ICh.dul.:
A, A d.tall.d dtlcrlpt/on Ihowlng th. m"hod 0' compulatlon utilized In Ih. ~aluatlan 0' the dIC.d.nl'l Itock.
S, Compl.t. caplll of flnanclalllat.m.nl' or compl'l. copi.. 0' the F.d.ral Ta. R,'ur", IF.d.ral Form 1120) 'at th. )"Ot of d.alh and 4 pllClding Y'I.HI,
C. A Ilat.m.nt of dl~ld.nd, paId .och y.ar. lllltha.. d.dor.d anti unpala,
0, lhl namll of aHlc.,., lalorl.., bonu... and any olh.t b.n.fit. ttul~.d from Corporation,
E. If the Company own.d IIdl .1101., lubmlt a Iht showing th. co""'pl.t. oddr.../., and ..lImat.d Fair Mar~tI Valu'/I, If R.al Ellol.
Apprallal. ho~. b..n ..cuttd, pl.a.. aNach coplel,
F. lht prlndpolllockhold.n 01 dol, of d.at~, numb., 0' ,hor.. h.ld, and relatlon.hlp to d".d.nt.
15. ALL OTHER INFORMATION RELATIVE TO AFFIXING THE TRUE VALUE OF THE DEeED!NT'S INTEREST SHOULO ACCOMPANY THIS SCHEOULE.
,.~;:_",:;~='-:,~'-,--""""'-_~'~..-""-.~'c..,~n...._..",w_\.",,,,'l"""f'o"_'~"""':~l"t>f,~~;'>:Obu"-'-'-~~-:r
( ,
AEV-1S'II!lt' (l.11I
eOMlII\m~WJIlUMbYANIA
ESTATE OF
SCHEDULE D
MORTGAGES AND NOTES
RECEIVABLE
Please Print or T .
FILE NUMBER
21-95-0497
Mary A. Sheaffer
SSII 544-12-1159
05/16/1995
(A,l ro.
ITEM
NUMBER
1
olnll -own.d with the RI ht a' Survlvo..hl mUlt be dllelol.d on Schldul. F.)
DESCRIPTION
~5,OOO.00 Note from Sheaffer
Bros. Inc., deted January
13, 1989, 8% accrued
interest
VALUE AT DATE
OF DEATH
6,850.00
2
26,675.18
~21,OOO.00 Note from LeTort
Warehouss Inc., datsd June
1, 1988, 8X accrued interest
TOTAL (Also Int.r on Iln. 4, Riel kulatlonl
(If more spac.is nlldld, Insort .ddltlonal shilts of same sizo,)
Copyrtght (c) 1894 'arm aoltw.r. onJy CP9Yllems,lnc.
$
33 525.18
< '
REV - 1101 EX . ("")
SCHEDULE E
CASH, BANK DEPOSITS AND
MISCELLANEOUS
PERSONAL PROPERTY
COM.~~MhYANIA
ESTATE OF
Please Print or T .
FILE NUMBER
21-95-0497
Mary A. Sheaffer
5511 544 -12 -1159
05/16/1995
(All '00
ITEM
NUMBER
1
olnll -ownod with RI ht 01 Survlvorohl mUll bo dllcloled on Schodulo F)
DESCRIPTION
VALUE AT DATE
OF DEATH
6,000.00
1986 Cadillac Fleetwood
sedan, V1N #37900204702 sold
to Charles 1. Spahr 07/14/95
2
Farmsrs Trust Company,
Csrtificate of Deposit
#96192 (confirmation
attach.sd)
10,228.88
3
Farmers Trust Compeny,
Csrtificate of Deposit
096193 (confirmation
attaehsd)
10,156.98
4
Farmers Trust Company,
Certificate of Deposit
096383 (confirmation
attached)
10,210.27
5
Farmers Trust Company, Monsy
Markst account 03-98985
(confirmation attachad)
2,586.17
6
Farmsrs Trust Company,
Chscking aecount 011-08646
(eonfirmation attachad)
3,906.03
7
Procssds of public sale hsld
Saptember 23, 1995
4,665.67
TOTAL (Also onlor on IIn. 5. Rocl hullllon)
(Anach Iddhlonal8 112' . 11' sh.lts n mora splc.ls n..d.d.)
Copyrlght (c) '"4 term IOnWlr. only CPSYllem1l.lnc.
$
47 754.00
( ,
REV. 1110 EX + (1.11)
eot.t.~~.wnrANIA
ESTATE OF
SCHEDULE G
TRANSFERS
PI.a.. Print or T .
FILE NUMBER
21.95 -0497
Marv A. Shsaffer SSO 544-12-1159 05/16/1995
THIS SCHEDULE MUST BE COMPLETED AND FILED IF THE ANSWER TO ANY OF THE QUESTIONS ON PAGE Z IS 1ES.
ITEM DESCRIPTION OF PROPERTY EXCLUSION TOTAL VALUE DECD'S DOLLAR VALUE OF
NUMBER II t~tud.'I~'~ of th!!~~~!'!:l.lhelt.. OF ASSET -'.INT. DECEDENT INTEREST
.Ia tDnlhl 0 dKMfe d.. 0 rI"".
1 Dauphin Dsposit Bank & Trust 27,501.91 27,501. 91
Company, IRA acct.
00264381001 (confirmation
attached)
.
I
TOTAL (Also Int.. on Uno 7, Rlcaohulallan) 27.501-.91
(If marolpacl II n..dld, Inllrt Iddltlonallh.... 0' limo II..,)
Copyrtotlt Ie) 1114 'otmtotlware onty CPS,.temt,lnc..
~ I
Estats of: Mary A, Sheaffer SSf} 544.12-1159 05/16/1995
CONTINUATION SCHEDULE
Continuation of Schedule H.C
ITEM
f}
DESCRIPTION
AMOUNT
6
Patricia A. Rosendale, CPA,
preparation of fiduoiary
incoms tax returns
100.00
7
Register of Wills, 2 short
certificates
6.00
8
Register of Wills, filing
fee
25.00
9
Ths Ssntinel . sstats notice
publication
68,84
10
Settlsment cnarges for real
estate
.04
11
Spahr's Antiquss-Auctions,
appraisal fee
100.00
12
13
Stsve Naugle, trash removal
. 75.00
250,00
Stevsn W. Barrett Real
Estate, appraisal fse
................--
885.88
.j
1Ii~t.\it '}!tliU ntt~ 'U1C.\iht11H'ltt
I, M^R~ C. SHEAFFER, of the Dorough of Ca,'Usle, Cumberland
County, Penneylvania, declare thiD instrument to be my LaDt Will
and Testament, hereby expressly revoking all Wills and Codicils
heretofore made by me.
1. I direct my exeeutor to pay all of my debt., funeral and
ndmlnlotrntlvc expenSOD DO Docn no may be done conveniently after
my decesao.
2. I authorize and empower my executor to aell any realty
owned by me at my death. at either public or private aale, and to
give good and sufficient deeds therefor. in fee oimple. ao I could
do if 11 ving.
3. I devias and bequeath all of my eotate of every nature and
wherever situate to my husband, PaulS. Sheaffer; providing he shall
aurvive me by sixty days.
~. Should the gift in Paragraph 110. 3 not take effect, I deVise
and bequeath all of my eatate of every nature and wherever aituate
to my two children. ahare and share alike, the child or children of
any deoeaaed ohild taking the share their parent would have taken if
living.
5. I nominate and appoint Paul S. Sheaffer. to be the executor
of this my Lost Will and Testamentl he is to serve as such without
bond. Should he die before my death, renounce or refuse to nerve
tor any ronson, or die leaving any of my eotnto unadministered, I
nominate and appoint PaulS. Sheaffer. Jr. and Judith M. Hollenbaugh
aD Dubotltuto exoautoro, aloo to nerVe ao ouch without bond, with
the Bame powers os are given herein to my executor.
6. I hereby suggest that my peroonal repreoentative retain
the services of Irwin. Irwin & Irwin as attorneys in the settlement
of my c8tate.
III WITNESS WHEREOF, I have hereunto set my hand and aeal this
I:>' day of January, 1978.
1IJ..f'C":~IIE1~~#""{SE^L)
Signed, oealed. pubUohed and declared by Mary C. Sheaffer, the
above named testatrix, ao and for her Laat Will and Testament, in the
preaence of un. who at her requost I 1n her prUDence and 1n the
presence of each other have Bubocrlbed our nameD 8S tncoOCB hereto.
,hh f\. fI'\l'r\"\L"/I\'
d'AnTt..h ,., Of" ,
,ANDtJltBANll1 vl.10Pt.H,NT
tll , "I ,.\[Nl STATfMENT
Ill,""."
"""". "Ill
n....... ,"',..,.
B. no,[ Of lOA'~
PENN TITLE INSURANCE COMPANY
. Cl,....." , U 'ON'" UN""
. (J to..., I""
e NOTE f"" 101m II IlIlnl,hldto "." 'f'OU I "."mlnl of .tlull ""',m,nllnl" An,uunu 11",1'0 ,nit "t ,rot "'lltm.", ''I'nl." II,u..." 11''''1 "W1,'.d
. I '.Cp D.C I" ...,. pa,d OUltldt 11'1, ,10I,",.lh.y "' IhO....f'1 h,.. 101 1"lo,""lIon,IIIII'I'(I"I ,noJ III" "UI ,",1,,111'''' ." ,h, lul.l,
A.
."...,'....10100
AQINTI TITLE NO..
O,NAME 0' 10RROWlfL
Rlchard H. Etter, Jr.
Sharon L, Etter
r:J ,.."
Lh.
6 fill tHJMnln
, LOAN NUMBtR
a.rAO,ERTY LOCATION:
1236 Sprlng Road
Carl1ole, PA 17013
B Manto "~S CASE ,.0
E,NAME Of SEllfH F. ....AMI 01 l(NIllI1
Eatato of Mary A. Sheaffer farmers Truat company
H.nnI.EMENT AQ[NT
Bradley L. Griffie,
11111,......(1.,1
Esquire
'2 7 95
220. TOTAL ,AJD BVfOR IN BEHAL1 0' OORRONER 80 158.33 ". TorAL ft(D.JCTION AMOUNt ~~ SELLER 790.00
:lOO CASH AT SETTLEMENT flROMflO BORROWER 600 CASI. AT Sl T h.EMEfH TO/fltOM S[Llut
,.,. O'Dn .mounl du. ham bOffPWII 1111'1' 1201 .., QII,III.,nu..I1III... In "u., II,"' 4101
,.,. L.It .moun" plld b'!'flo, bOlfPWII Ihn, 2201 0 .llJ!..1.L .., L.." lIf1nu,af'l," 01""0,,1'1' 11", ~.II.' II,,,, ~'DI
3D' eel" f) from o To 80"0"".' 1 ,509.46 .., Cllh Kl111 ('] "um\l'lIf'I 78 738.96
Df"bHOf'A.f..uIOINCI
'LACE Of SETTlEMENT
[2IOtHl"'o\IUW' 1 Host lIigh street,
PA
SOLlCITA'ION
v...., '''' ,..,11'td b'!' It.... ~.... II"IIM'N' ACfN' "'01" t-' '0',"111'1'1'.' ...11I11""011 ".....brl II ,......In I'If>I pI(I""""" \(lfI'l,lI~' "efN' ..111\ ,(10" IOO'f1.II'pfl"
1dtfM111("loflfl~.fOIIlllI,btlubttorlIO(i"IOf(""'.,..'pt'fttll'"I"'fII)W'dtlyl....
(IIT1fICATlON
l/ftdtfptf\.lltlnol"rjvf'r,IC'rtIPyINIIht,,~'hooo-l'l(lftI""""I"""'I"IlI'CfM'f'CIII'''''I''odt"..I...l....""...'...,
Csrllale,
K. SUMMARY OF SELLER'S TRANSACTION
J, SUMMARY OF BORROWER'S TRANSACTION
100. OAOII AMOUNT DUI 'ROM BORROWER:
101. CCl'\II.tIS.I"',IU
102, '''lOll.1 "OPlII
'DJ. 1m1efMfl1........I. "",,,M 111M '.001
,...
'06.
Adl"um,n" 10' i1,mtll,id b'!' ..nil In td."nu:
101. Loul T.... 10
'OJ. County T..., 10
tOl. Idlool T.... 12 7 5 10
lOll. A",un'ltnU/d"n 10
"0. Willi 10
111. ....., 10
112.
tU.
120. GAOllAMOUNTDUIFAOMaORAOWER 81,667.79
200, AMOUNTS 'AID IV OR IN IEHALF OF BORROWER:
201, Otpo'll Of IlItllI' MOM,!,
202. ','ntip" Amount 01 N.... Lo.nlll
203. hillin, LOII'I1l1 T,"'" Subl'tllO
....
206.
....
201.
....
....
Adj\olIlIN'lIIlorlumlunplldbytlnll
2tO. Loul T,I" 10
21t. Counly T'III 10
212, School TII" 10
213. A'M.ttMnUfdu" to
214. W..., to
2115, 5Iw" 10
218.
211,
79 000 00
400 OROIS AI,lIOU...r DUE TO IIELLER
401 COnlllt1 5.111 P"u
401 'tttD"11 "DP'''.,
..,
...
...
7
000
5 27 40
Ad.utlm,IIU 10' .I,mlll'lll b, ,.1111 ," .d...nn
4015 LOClI T..., 10
407 Cou"'" T..1I12 7 5 10
408 Sctloo,TII" 10
409 A".um'Mlld,," 10
410 W'"'
4115......
'"
."
IUUI'S
ADOIUS
410 QROSS .MOu~T OUE TO SELLER
...
..,
IID2.
..,
...
...
...
..,
...
..0
79,528.96
fUOUCllO"'S If.; AMOUNT DuE TO 5ELLER
Elnn O.pn,,1
S.Ullm,nl .hl..... 10 ..nil lI'ft. '4001
E ..U"'I' lo.nlll T.~,n S..h.ltl 10
p..,nllol'''U'I'l,lo."ltl
AnlllllmIIlUIOI,"m,unll"i1ll.,,,tlll
110 lnut Trl" 10
511 CCHjll'., h." I"
&10' SctlnolTto.. Ifl
1113 .'1111",'1'1111111111 In
1114 WII" 10
11111 S...." 10
".
'"
\ioU" ~ ~',n~'"''
5UIUITUTl ID"
""II(ln CMttll'ltd Ifl .Ioch I. C. U. l. M ,IIff 0I'l 10,.. .111 ., ''''P'>"'''' I" ,..,,,,,...."""IId.. tor,n, 1",,,..1,.,, II. III. Inl.'n~II,..,....... "",If,. " t.... ,,, .""",,,,.,1
to 101...
. prt".l!y 01 ""'" "M1iCl11 ..,Ill... .~ 01'1 t_ .'11'111 .t,..... " ttqultf'll hit.. .,.....,.<1 ....1.",. I.' I........,..... n.... ,I 1'1.. "....1_.. "1"""'
I
/
L. SETTLEMENT CIiARGES p"ID fnOM r"ID fROM
80RnOWln" IELun'S
''''' lorAt. &AlUIB"OKEU"S COMMISSION brlld u" Plln' . ~- fUNOI"T fUNDI AT
- SETTLEMENT UTTLEMINT
OI'II'D" 01 Comm.",on Um, 1001" lOUD...,
,Dl . ..
,., . ,.
,.,
,..
1100_ IIIM~ rA.'t'....U IN COHNICIlON WlTIllOAN
.., LllII\O;;""','UII ,.. 1 ~ to Farmors Trust Comnonv 150.00
.., lo.n O,uoun, ~
'" ApplI,..lf" o.
... Cltrhl R,poII ,.
.00 L,nd.nllllPtCl,onfu '0
... MOI'II..lIIlnlUI.nu ApphUI,on f.. ,.
'" ...numpl.Ol'I..... ,.
....
...
110,
81'
900. ITIMS R(QUIIIO 8'1' UNOIR TO B[ PAID IN ADVANCE
801. '"'lint 110m 12/7/95 ,. , ..-19. Id~- ',8-.TI-
..2 ,",Ollullflnlur,n"p"m,umtol mOl'llhllO
.., "u'ldllllullnuP"m,"mlor -1 .,,"tlIO stftto"Farm
...
...
1000. RIURVlS OIPOSITlD wlTtl UNDER
1001. H.u'dlntullnct mOlU"'.' p"month
1002. MOlllllllllMurlntl monlh..' ~,mo"lh
1003. LouIPItIPlt'''' 1.... mon''''.' Pflmonlh
'004 County Ploptny hili month,.. pllmonth
,.... Ithool"O!MII., Tutl monlhllll' pllmonth
,.... Antllm.nn/du'l mOIHh, .. pllmonth
IDOl.
,....
'100. TITLE C11"RCU
1101. S.ttl.m.nt or ClOl,na fll ,.
I\OJ. Abur,u Of Till. Surth ,.
1103. Till. E..min.Uon ,.
IICM. Tltl. IlIlUllnU Blndll ,.
".. Docum,nlPflp,t.lion ,.
11D1. NaIll., '"110 la-Cash -. -nn 'Dn-;' -,
"01. Allolnt.,'.,... o. r 0 & ABsoc~liEes Irwin Law 400.00 Ip.a.c.T
Offices
\1OB. Tlll.lnllll.nu ,.
"011. l.ndll'ICOVII.1l' .
1110. O"",n.,.,CavlI'''' .
1t1l. Endorum.nll I
1112. T
1113. ,-
1100. COVIRNMINl R[COM01NQ AND lMAN5f[R C.."ROU
120t, "fCOld,;'..F'" Ottd' , 2 .50 MOII";;;-' 20.00 1t.,..u5 32:50
1202.
1203. Tlln,11I T.. 790 on -,on. In
12CM.
"..
'lOO. ADDITIONAL 5lnLtM[Nl C""RCtS
1301. Su"'.w '0
1302. p.lllnID.Clion ,.
1303. -(P.a.c,;r
13~. -
1305.
1306.
1301.
"..
1400. TOTAL UnUMINT ellARCIS l.nl" on Un'l 10). ~Uon I & SOl, Section KI 2,138.83 790.00
1111 mJo.' UnlIMI"" It. nVI ."'0 .eeuu" .(rOll"" ( ) '\-1.. ..---v /7 D'" " /')1?5
Ol' 11f"'....~~ IIlA\',eAUUOu.'o'W1liC.U'\ Uti
~:~~:;;n"'"' unllM''''' ACtNI
-t::;:?'" '/-"M::..... :A/'" JJ Mrt
IDQI/o"'" ISeIl.tl
- db
160110"'1) 4., 1,6~..A</I/MJ 1St-1If'1)
-2-
'..,ow..'.""'d".. .J'i? 1"'11, 2;._ ~BrJ, (""r;,k,f.a r?o/'11
U:~~foC'f:t~~ml~t~I~~~~~\~L~~~:JW~~~~J:..'V~~~~~~~~~(~~.al~:':~I~t r~~~~llf~~~lrl~~Mtl:~ M':~: I~~~ ~~~~~M1A'~~
Of nu ttU[).1 \lmlMINt n"IIMINt.
'. \YMININC, II U I (limp fO inowjn,ly mlif' '111, .,,,,m,n,, 10 Ihf' U",lrd SIIIC'I on Ih" ur ,1ny olhf't limilll 101m ",nlhlf'1 uron ronviCl;on un
indvdf'1 '",t Ind Imp,i,onmf'nI '01 dC'lllh ." ,.,If' ,It US, CodC' $t'CI.M '00' ,Inn St1I,nn /010
LETORT WAREHOUSES
Shareholders
Martha L, Eby 52 White Oak Dr, Carlisle, Ph
Gerald E. Eby 52 White Oak Dr, carlisle, PA
Paul S, Sheaffer Jr, 256 Old Stone House Rd. Carlisle, PA
Jean K, Sheaffer 256 Old Stone House Rd, Carlisle, PA
Mary A, Sheaffer 1236 Spring Road carlisle, PA
Estate of Alvin E, Eby 5 S. Hanover Street carlisle, PA
c/o Robert M, Frey, Esq.
As of 12/31/93
Eby, Alvin (Estate)
Eby, Gerald E,
Eby, Martha L.
Sheaffer, Jean K,
Shea;ler, Mary A.
Sheaffer, Paul S, Jr
147 Shares
21. 5 Shares
21,5 Shares
20 Shares
451 Shares
20 Shares
21.5859%
3,1571%
3,1571%
2.9369%
66.2261
3%
681 Shares
Officers (As of 12/31/93)
President - Paul S. Sheaffer Jr,
Vice-President - Mary A. Sheaffer
Secretary - Gerald E. Eby
Treasurer - Paul S. Sheaffer Jr,
Notes Payable
Mary Sheaffer B% $21,000
$5040.00 Accrued Interest(12/31/94)
Accrued from 1/1/95 - 5/18/95
l3B/365 days -$635,18
;") ,""'.
, .
SHEAFFER BROTHERS INC,
Shareholders (AS of 12/31/93)
Clyde p, Bolze
Alvin E, Eby
Gerald E, Eby
Martha L, Eby
Steven A, Gibson
Edwin L, Kistler
'Roger J, Richwine
Harold L, Rowe
Paul S. Sheaffer, Jr.
Paul S, Sheaffer, Jr,
Jean K, Sheaffer
Mary A, Sheaffer
Margaret W, Wilson
18 Shares
170 Shares
10 Shares
10 Shares
10 Shares
10 Shares
18 Shares
5 Shares
20 Shares
365 Shares
8 Shares
TOTAL
644 Shares
Officers - As of 12/31/92
president - Mary.A. Sheaffer
Vice President - Paul S, Sheaffer, Jr.
Secretary - Gerald E. Eby
Treasurer - Paul S. Sheaffer, Jr,
Note Payable
Mary Sheaffer 8% $5000.00
Accrued Interest $17,00 12/31/94
Accrued Interest 1/1/95 - 5/18/95
138/365 days = $151,23
SHEAFFER TIRE & AUTO CENTER INC,
Officers (As of 12/31/92)
President - Gerald E. Eby
Vice president - Mary A. Sheaffer
Secretary - None
Treasurer - Paul S. Sheaffer, Jr,
No loans or notes to Mary Sheaffer
LETORT
WAREHOUSES
:INC.
December
31,
1994
:i
',i
,
I
I-
I
I
r
~_:
I ,~
I
,
LETORT WAREHOUSES, INC.
Statement of Gross Profit
For Year Ending December 31, 1994
Bale. 509,950.34
Cost ot Bales.
Beginning Inventory
Purchases
142,100.00
429.748.48
Total Available
571,848.48
Less Ending Inventory
Cost of Goods Sold
142.576.00
429,272.48
Gro.s Profit
80,677.86 15.82%
8,966,87
< 2,558.08 >
3,455.07
1,316.72
< 12.799.22 >
Discounts earned
Discounts allowed
Finance charges collected (AIR)
Freight out
Freight in
Adjusted Gross Profit
79.059.22 15.50%
Accessories Battery
Sales 477.502.62 32.447.72
Beg. Inv. 142,100,00 0,00
Purchase 400.353,26 29.395.22
Total 542,453.26 29,395.22
Ending Inventory 142.576.00 0.00
Cost of Goods 399.877.26 29.395.22
Gross Profit 77,625.3G 3.052.50
% % % % 16.26% 9.4lt
I
I.
I
r'
I .. ,
LETORT WAREHOUSES, INC.
Notes to Statements
December 31, 1994
1. Notes Payable as of Decmeber 31st:
1994 1993
Current Non-current
Total Portion Portion Total
Farmers Trust Co,
line of credit 25,000 25,000 0 40,000
Officer and Share-
holders, 10% ** 103,800 0 103,800 44,900
Notes payable
treasury stock
individuals, 5% 109 109 3.047
Totals 128.909 25.109 103.800 87.947
** Estate of Alvin Eby 7,000
Gerry Eby 75,800
Mary Sheaffer 21. 000
Total 103.800
2. Book value of stock:
1994
1993
1992
Shares outstanding
Book value per share
681
$ 737.51
681
$ 741.13
681
$ 734,74
, . .
LETORT WAREHOUSES, INC.
Breakdown of Retained Earnings
December 31, 1994
Gerry & Paul &
Mary Alvin Marty Jean
Sheaffer Ebv Ebv Sheaffer Total
Shares Held 451 147 43 40 681
\' of Ownership 66.23% 21. 59% 6.30\' 5.88\' 100.00\'
Retained
Earnings Balance
May 31, 1987 297,713 97,050 28,319 26,431 449,513
Profit from
June 1, 1987 to
Dec. 31, 1987 29.707 9.684 2.826 2.637 44.854
Total 327,420 106,734 31,145 29,068 494,367
1988 Profit 14.267 4.651 1. 357 1. 267 21.542
Total 341,687 111,385 32,502 30,335 515,909
Payout
May, 1988 < 21. 385> < 6,971> < 2.035> < 1. 898> <32,289>
Total 320,302 104,414 30,467 28,437 483,620
1989 Profit 7.791 2.540 741 692 11. 764
Total 328,093 106,954 31,208 29,129 495,384
1990 Loss < 2.702> < 881> < 257> < 240> < 4.080>
Total 325,391 106,073 30,951 28,889 491,304
1991 Loss < 913> < 298> < 87> < 81> < 1. 379>
Total 324,478 105,775 30,864 28,808 489,925
1992 Profit 7.468 2.434 710 663 11.275
Total 331,946 108,209 31,574 29,471 501,200
continued on next page.. .
'. .. .
LETORT WAREHOUSES, INC.
Breakdown of Retained Earnings (continued)
December 31, 1994
Balance Forward 331,946 108,209 31,574 29,471 501,200
1993 LOBB < 1. 634 > < 533> < 156> < 145> < 2.468>
Total 330,312 107,676 31,418 29,326 498,732
1994 LOBB < 1. 248> < 407> < 118> < 111> < 1.884>
Total 329.064 107.269 31.300 29.215 496.848
. '. ... I I
SHEAFFER BROS. INC.
Balance Sheet
December 31, 1994
current Assetsl
Cash
Accounts Receivable
Inventory
Prepaid Taxes
Accounts Receivable, other
< 319,061.49 >
.99,594.74
832,397,00
95.00
4.730.20
Total Current Assets
617,755.45
Plant Assetsl
Land
14,139.00
Building & Improvements
Less Accum. Dep.
Machinery and Equip.
Less Accum. Dep.
Autos and Trucks
Less Accum. Dep.
Furniture & Fixtures
Less Accum. Dep.
Total Plant Assets
246,925.00
235.044.00
172,232.84
142.387.00
32,078.00
27.783.00
49,496.00
47.714.00
11,881.00
29,845.84
4,295.00
1.782.00
61. 942.84
Total Assets
679.698'.29
. .~. .., .
SHEAFFER BROS. INC,
Balance Sheet
December 31, 1994
CUrrent Liabilitie.,
Accounts Payable
Notes Payable, Current Portion
Accrued Interest Payable
Deferred Taxes
OPT Payable
Accrued Profit Sharing
Employee Deduction Withhold
Total Current Liabilities
Long-Term Liabilitiesl
78,432.74
96,813.68
69,785.00
5,568.00
10.00
6,000.00
380.72
256,990.14
Notes payable, Noncurrent Portion
231.702.76
Total Liabilities
488,692,90
Capitall
Capital Stock
$100 par, authorized 5,000 shares,
issued 3,038 shares.
303,800.00
Retained Earnings
347.219.24
651,019.24
Less Treasury Stock
< 460.013.85 >
Total Capital
Total Liabilities and Capital
191. 005.39
679.698.29
I
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'. .'. .
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, ,
SHEAFFER BROS. INC.
Notes to Statements
December 31, 1994
1, Notes Payable as o~ Decmeber 31stl
1994 1993
Current Non-current
Total Portion Portion Total
Farmers Trust Co.
line of credit 91,500 91,500 0 91,500
Officer and Share-
holders, 10% ** 216,347 0 216,347 209,000
Notes payable
treasury stock
individuals, 5% 20.670 5.314 15.356 39.705
Totals 328.517 96.814 231. 703 340,205
** Estate of Alvin Eby 194,500
Gerry Eby 9,500
John Swailes 7,347
Mary Sheaffer 5.000
Total 216.347
2, Book value of stockl
1994
1993
1992
Shares outstanding
Book value per share
662
$ 288.53
662
$ 293.27
662
$ 333.31
- '.. ... .
Date Mav 27. 1995
FARMERS
TRUST
One \^kst High Street r.o. Box 220
Carlisle. Pennsylvania 17011
llll~
Irwin. McKnight & Hughes
110 w. Pnnfrpt ~i-r~t
Carlisle. PA 17013
Ra: Estate of. Mary A. Sheaffer SSN: 544-12-1159
Date oC Death
Oau Mr. Irwin
Mav 16. 1995
In answer to your requelt eoneernlng aceounll owned, either ..parately or Jointly, by
the abova reCereneed decedent and the balance !n each account... oC the date of
death, we have cheeked our records and are IUbmltUng tha follOwing InCormatlon In
duplieate. Wa IUggelt that you rue one oC the.. lallen attaehed to the Penneylvanb Inven.
tory Corms (RCC) to IUblt.antlate the ba1anee you report.
NOli that we heve ahown the correct registration for each aeeount. AlIa, !nterat aCONed to
the date oC death, If any, Is liItld u a .puate figure.
Very truly youn,
dzu.)ctL.~
Laura Roth
Customer Service
M':lney Market account #3-98985 was originally opened
04/22/91. The account is in l>1l:try A. Sh~ffer' s
nane alone. The balance as of 05-16-95 was $2,585.81
plus accrued interest of $.36 for a total of $2,586.17.
The account was earning the following interest rates
at the tiJre of her death: balance less than $2,500.00 _
2.50%; $2,500.00 - $9,999.99 - 2.75%; $10,000.00 _
$99.999.99 - 3.00%; $100.000.00 and greater - 3.75%.
Checking account #11-08646 was origin/Illy opened 5/29/91. The account is in
Mary A. Sheaffer's name alone. The balance as of 05-16-95 was $3.905.58 plus
accrued interest of $.45 for a total of $3.906.03. The account is a NOW
account and was earning 2. 10% interest at the tiJre of her death.
We also have record of a safe deposit box in the decedent's name alone. box
#3703 at the Main office.
- ......."
D
Dauphin Deposit Bank
and Trust Company
MAIN OFFICE: 213 MARKET STREET, HARRISSURG. PENNSYLV"'~IA mOl
717.2SS.2121
Decedent Confirmation
Name:
Mary A. Sheaffer
Social Security No.: 544-12-1159
Date of Death (000): 05/16/95
Account No.
0264381001
>Stock
------------------------ ------------------------ ------------------------
Type
IRA
------------------------ ------------------------ ------------------------
Date Opened
or Issued
04/11/83
Date Closed
or Matured
------------------------ ------------------------ ------------------------
------------------------ ------------------------ ------------------------
Date of Death
Balance $27,237.11
PlUS
------------------------ ------------------------ ------------------------
Dete of Death
Accrued Int. $264.80
------------------------ ------------------------ ------------------------
Joint Oomers
(if any) None
Date of Joint
Oomership
------------------------ ------------------------ ------------------------
------------------------ ------------------------ ------------------------
------------- ------------------------ ------------------------ ------------------------
Special Comments: >Dauphin Deposit Corporation Common Stock registered in the name of Mary
A. Sheaffer 108 shares @ $24.375 per share as of 05/16/95.
Additional information ~y.ilabl. at $20.00 per hour. One hour minimum.
Date Prepared:
June 23. 1995 Prepared by: Carolyn A. Berkebile
..-
Customer Management Information Dept. (OMI)
Telephone No. (717) 255-2054
Porm 00-020-210 (REV 7/S3)
Page 1 of 1
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D'~o.AA048117,cOMMO~::~~~T ~:R~~~:YLVANIA
: ,,~,'.l. ..j..., .' OFFICIAL RECEIPT. PENNSYLVANIA INHERITANCE AND ESTATE TAX
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RECEIVED FROM,
ACN
ASSESSMENT P:'I
CONTROL iii
NUMBER
AMOUNT
i
IRWIN ROGER a ESQ
60 W POMFRET ST
101
.C''f,uuv.uu
. .
CARLISLE PA 17013
~ 'Ota'm 'Ota",If
ESTATE INfORMATION,
~ filE NUMBER
g 21-199:5-0497
EJ NAME Of OECEOENT (lAST)
II DATE Of PAYMENT
m POSTMARK E
COUNTY
SSN :544-12-11:59
(FIRST) (MI)
DATE OF DEATH
REMARKS
m TOTAL AMOUNT PAID
ROGER a IRWIN ESQUIRE
.29.000.00
CW
RECEIVED BY . lId) I (.:(111"':;'" _"
/ I N4 t;'"' /'_... I'
MARY C. LEWIS . ) I)" 'y" r.
REGISTER OF WILLS
SEAL
CHECK" 9671
REGISTER OF WILLS
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COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
l
J
u:
PaulS, Sheaffer, Jr, and Judith S, Derr
b.lng duly BVom .ccordlng 10 I.w, dopo... .nd ..y. Ihat thaY are the
Co-Executors __.__ of Iha Estala of Karv A. Sheaffer
1.1. of __ _..__...... ......Csrlisle.... .oo. ....___, Cumborl.nd Counly, P." d.c....d .nd that the
within I. .n In..nlory m.do by ___._. tbelll_ , Ih. ..Id Co-F."..eutorB-
of Ih. .ntlro .stalo of saId d.c.d.nl. con.l.tlng of .11 Ih. p.rson.1 ..1 .st. ., exc.pt r..1 .st.la ouhld.
tho Commonwoolth of P.nn.ylv.nlo, .nd Ih.I Ihe flguro. oppo.1 h. I .. tory r.pr...nl II'. faIr valu.
as of tho dol. of d.c.donl'. do.lh. r
Sworn
and .ub.crlbod bofor. mo,
au . en .
-' 1
. _,1/U dJt:!/ vi " tlJ...;
Ju&lith s. 'E.,cufor . AdmInistrator Derr
Paul - 256 Old Stone 1I0uae Road
CnrliRle, PA 17011
Judy - 38 Rustic Drive
ShipoensburR. PA 17257
Add""
0.1.
Notarial Soal
L Dr.wbaUgh, Notary Public
ciuUale 11o<O, Cumber1and County
Myeomm1ulonExplreoAug.14,1999
t.\on'tlII'. ~,,.....-v.oI__
of o..th 16
ooy
Yea,
1995
Kay
Month
INSTRUCTIONS
I. An In.ontory mu.t b. fII.d within thr.e monlh. .ft.r .ppolnlm.nt of person. I repr..enl.tiv..
2. A .uppl.m.nt In..nlory mu.I bo fIIod wllhln Ihlrly d.y. of dl.cov.ry of .ddltlon.1 ....h,
3. Addltlon.1 .h..h m.y be .ltachod as to person.lty or r..lty
4. S.. Artlcl. IV, Flducl.rl.. Act of 1949.
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Inventory 01 the real and personal estete 01
Hnry A, Sheaffer
deceased
1236 Spring Road, Carlisle Borough.. Cumberland County,
more psrtieularly described in Deed Book "N". Vol. 13. Page 281,
108 Shsres of Common Stock in Dauphin Deposit Corporation
Letort Warehouses. closely held corporstion
Sheaffer Brothers. Inc, closely held corporation
$5.000.00 Note from Sheaffer Bros, Inc. doted 01/13/89. 8% interest
$21,000.00 Note from Letort Warehouses doted 06/01/88, 8% interest
1986 Cadillsc Fleetwood sedan
Farmers Trust Company, CD 696192
Formers Trust Compan;r. CD 096193
Formers Trust Company, CD 696383
Farmers Trust Company, money market account 0398985
Farmers Trust Company, checking account 61108646
Proceeds of public sale
Dauphin Deposit Bank IRA 60264381001
~
$79,000 00
$2.632 50
331.369 00
108.109 00
$6,850 00
$26.675 18
$6,000 00
$10.228 88
$10.156 98
$10.210 27
$2,586 17
$3,906 03
$4.665 67
$27.501 91
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RECEIVED FROM,
D
ACN
ASSESSMENT P:'I
CONTROL iii
NUMBER
AMOUNT
IRWIN ROGER D ESQ
60 W POMFRET ST
.l01
.4, 1)~.04
CARLISLE, PA 17013
IOtO Hill .
ESTATE INfORMATION,
I:t I M
(II el-199~-0497
!II NAME or DECEDENT lLAS1)
1;1 SHEAFFER MARY A
II T or PAYMfNr
m POSTMARK 114TE
COUNTY
SSN ~44-1e-11~9
(fIRS1) (Mil
CUMBERLAND
DATE Of DEATH
REMARKS
m TOTAL AMOUNT PAID
.4,77:5.04
PB
IRWIN MCKNIGHT & HUGHES ATTYS
9. '1,-c' /'i ,..JJ .
RECEIVED BY / ;"j, . /.. t..X /4;' "-<1/ ._')1/</
C ~GNAlUR! f '.' t.-
0(" /oiII':./.'Z'''~
MARV CLEWIS ',,1 I' 0
REGISTER OF WILLS REGISTER OF WILLS
\ - ---- - -.- - - =,=,=,...."."-c~,.?""."='~ ~ - - - _ _ _ ~'-.. -:;;-,,--: -=-:\ ~_.rp:r...
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COHHONWEALTH OF PENNSYLVANIA
DEPARTHENT OF REVENUE
BUREAU Of INDIVIBUAL TAXES
ltalERlTAHCE TAX DIVISION
DEPT. ,.un
HARRISIURO, PA 17121-06Gl
NOTICE Of INHERITANCE TAX
APPRAISEHENT, ALLOWANCE OR DISALLOWANCE
Of DEDUCTIONS AND ASSESSHENT Of TAX
m.1J4' n an III.MI
ROGER B IRWIN
IRWIN ETAL
60 W POHFRET ST
CARLISLE
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
11-25-96
SHEAFFER
05-16-95
21 95-0497
CUHBERLAND
101
A.aunt R..Ut.d
HARV
A
PA 17013-1819
HAKE CHECK PAYABLE AND REHIT PAYHENT TOI
REGISTF.R OF WILLS
CUHBERLAND CO COURT HOUSE
CARLISLE, PA 17013
CUT ALONG THIS LINE ... RETAIN LOWER PORTION FOR YOUR RECORDS ~
RW=i5W-EX-AFP-rci'i=96Y-ilcfficniF-YNHEii'iTANci-YAx-APjiRAisEiiiili'-,--ALi."oiiANci-oR'-----------------
DISALLOWANCE OF DEDUCTIONS AND ASSESSHENT OF TAX
ESTATE OF SHEAFFER HARV A FILE NO. 21 95-0497 ACN 101 DATE 11-25-96
TAX RETURN WAS, ( ) ACCEPTED AS fILEO ( X) CHANGED SEE ATTACHED NOTICE
RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE
APPRAISED VALUE OF RETURN BASED ONI ORIGINAL RETURN
1. R..l Eat.t. (Schedule A)
2. stock. and Bonda (Schedule B)
5. Clo..ly Hald Stock/P.~t".rahlp Int.r..t (Schedule C)
4. Hortg.g../Hot.. Receivable (Schedule DJ
S. Calh/Bank Deposita/Hi.c. p.,..onal Property (Schedule E)
6. Jointly awned Property (Schedule f)
7. Tran.fa,.a (Schedule 0)
8. Tot.l A...t.
III
(21
(51
(41
(5)
(6)
In
79,000.00
2,632.50
1,569.000.00
33,525.18
47,754.00
.00
27 ,501. 91
tel
HOTEJ To insure prop.,.
credit to your account,
.ub.t t tt. upper portion
of thia fora Mlth your
tax pay.."t.
1,759.413.59
APPROVED DEDUCTIONS AND EXEHPTIONSI
40.687.33
9. Fune,.al EMpan.../Ada. Co.t.I"I.c. EMP.n... (Sch.dul. H) (9)
10. Debt./Hortg.g. Ll.bl11tl../L1.n. (Sch.dul. I) (10) 848.25
11. Tot.l Deduction. (11)
12. N.t V.lu. of TeM R.tu..n (12)
15. Ch.rltebl./Gov...n..nt.l B.qu..t. (Schedule J) (lS)
14. N.t V.lu. of Eatot. Subj.ot to TO)( 1141
NOTEI I~ an assessment was issued previOUSlY, lines 14, lS and/or 16, 17 and 18 will
reflect ~igures that include the total o~ ALL returns assessed to date,
ASSESSHENT OF TAX:
1S. A~unt of Lln. 14 .t Spou..1 r.t. (lS)
16, ~ount of Lln. 14 t.Mabl. .t Line.l/Cl... A r.te (16)
17. Aaount of Line 14 taxable .t Co11.t.r.l/C1... B r.t. (17)
18. Prlnclp.l Tax Due
TAX CREDITS I
PAYHENT
DATE
08-16-95
02-16-96
41 .G~G GA
1,717.878.01
.00
1.717.878.01
.00
1.717.878.01
.00
X'OO,
x.06.
X .15.
t181
.00
103.072.68
.00
103.072.68
RECEIPT
NUHllER
AA048117
AA1l2515
DISCOUNT 1+)
INTEREST (-)
1,526.32
.00
29,000.00
4.775.04
AHOUNT PAID
INTEREST IS CHARGED FROH 02-17-96 TO 12-03-96
AT THE RATES APPLICABLE AS OUTLINED ON THE
REVERSE SIDE OF THIS FORH
TOTAL TAX CREDIT
BALANCE OF TAX DUE
INTEREST AND PEN,
TOTAL DUE
35,301.36
67,771. 32
4,871.20
72,642.52
. If PAlO AfTER DATE INDICATED, SEE REVERSE
fOR CALCULATION Of ADDITIONAL INTEREST.
If TOTAL DUE IS LESS THAN .1, NO PAYHENT IS REQUIRED.
If TOTAL DUE IS REfLECTED AS A "CREDIT" (CR). YOU HAY BE DUE
A REfUND. SEE REVERSE SIDE Of THIS fOHN fOR INSTRUCTIONS.)
.
RE:SOtYATlDHI E,t,t.. of decedent. dying on or bIIfan Dee...., Il, "11 ..- If tInY futur. lnhnsl 1n tM ..tat. 11 "M,'.rneS
In pa.....lon Dr ~jo~t to el,.. . (coll,'.r.l) benefle!.rl.. of the dec~t a,t., the Ixplt.llon of ."y ..t.t. for
11'. or 'or ya.r., the C~.lth hereb~ IKPt...lv r...rva. the right to .",.... ~ ...... tt.,,"" t~rlt~. Tax..
It the l~fUl C1I.. . (coll.t.,.l) rat. on ~1 .uch future lnt.r..t.
PIJIIPOSE Of'
HCIT1CEI To fulfill the ,.....,...". of Section 2140 of the IntMr1t~. .... Est,t, Tn Aat, Act ZZ of ."1. 72 P.S.
Section 2140.
PAYHENTI Detach the top portion 0' this NoUce Met .utMtlt wIth your Plw-nt to the Reght.t 0' WIU, printed on thtl rnlnl ,...
--Kelt. check or ~y order plubl. tal REGISTER OF MILLS, AGEIfT
All PIYHnt' rRalved .hllil flr.t bl appUld to My lnt.r..t which ..y be dutI with any r...lnder -wlled to the tu.
RUUICD (tA)1 . nfund of . ta. crlldlt, which .... not ,.....t.. on thtl 'IX R.turn, ..y be r....tld bY cNP11Une WI "AppllcaUon
for RefU1d of Pennlylv..l. IntMrlt.nc. 8nd E.t.t. Tu" CREV-UU). Appllc.tlon. '1" .v.U.I. at ttM Offlc.
of the R.gl.t.r of Will., 8nY 0' ~ 21 Ravenue Dlltrlct Df,lc.., Dr by calling t~ .pecl.1 24~hour
..~rlng ..rvlc. nu.blr. for '01'.' order1ngl In penn.vlv..l. 1~100.16Z-Z050, outllda Penn.vlv..l. end
within loc.1 Harrl.burg .r.a (717) 117-1094, TDOI (117) 772-2252 (He.rlng lapllred Only).
OIJECTlt'MS1 Any p.rty In Int.r..t not ..tI.U" with the ...r.ha...,t, .llowanc. or dl..ll~a of deduction., or ..........,t
of tax (Including dl.count or Int.r..t) .. ~ on thl. Notlc. .u.t object within .IMty (60) day. of rec.lpt of
thl. Notlc. bYI
--wr!U.., prot.st to the PA Dep'rt.-nt of R.v...., lo.rd of A~.h, Dept. 281021, Harrisburg, PA 17UI-1OZI, OR
--.Iectlon to have t~ ..tter det.r.lnad .t -..lit of thl KCOU"It of thtl parsonal repr..ent.Uv., OR
utappe.1 to the Orphan.- Court.
"ll"N
ISTRATlVE
CORRECTIONS I
DISCOUNTa
F.atu.1 '1'1'01" dl.cov.r.d on thl. .......-nt ahould be addr...ed In writing tOI PA Daplrt.-nt of Rlv~,
IUrlau of Indlvldu81 ".'" ATTHI po.t A.....Nnt R..,I... Unit, Dapt. 210601, ttll'rlsburg, PA 17121-0601
Phone (717) 717~6505. s.. pao. 5 of lhtl bookl.t "In.tructlon. for Inh'l'ltanc. T.. R.tul'n fol' . R..ldent
D.c.dent" (REV-ISOl' fol' an ..plenetlon of ldalnl.tl'atlv.ly correctabl. '1'1'01".
If any t.. due I. p.ld within thr.. CI) calendlr eonlh. .ftar the decedent.. da.th, a ,Iva pIl'cant CS~' dl.count 0'
thtl taM paid 1. .Ilowed.
PEHAL TVa
The ISX t.. ~.ty non-pIl'tlolp.t1on penalty 11 coaputld on the tot.1 of the t.x and 1ntlr..t ......ed, and not
p.ld bafon Jenuarv 11, 1996, the fir.t dav 1"'1' the and of thl; tax ..na.tv p.riod. This non-partlolpatlon
perwlty h appaalab1. In the .... INMIr end In thl; thl .... tI.1 period II you would ...,.al thl tax Ilnd 1nt'l'lIt
that hIi. bHn .....1Id .. 1ndlcltad on thh notice.
IHTERfSTI
Int.r..t 1. charged beginning with flr.t dlY a' dellnquencv, or nine C" .unthl ~ ana Cl) d.y frDl thl; dat. of
..th, to the dat. of PlVlllf'lt. Tu.' which bee-. delinquent bafal" JWlUIry 1, 1912 bur Int.r..t at the rata of
... (6%) ptIl'cant par ~ c.lculatad at a dtilh I'.t. 0' .0001". AU t.x.. which 1Mc... delinquent on and .U.r
Januarv 1, 1,IZ will baal' Int.r..t .t . r.tl which will val'Y fl'DI calendar y..r to c.land*1' y..r with that r.t.
announced by thl PA Dap'l'taent of R.v~. T~ appllc~l. Int.ra.t rat.. '01' 191Z thl'ough 1996 .1'11
'!!!! Intar..t R.t. D.lly Int.r..t Factor :!!!r Int.,...t Rat. D.lh Inhr..t Facta,.
191Z 20X ,DDos.~. '91' .. .D00247
191) lOX .DD04H 19&1-1"1 'U .0DOUl
.... 11X .aaDSDl '99Z OX .DODZ47
1915 UX .OODS56 1993-1"" r. .000192
"16 laX .000274 1995"1'" OX .aaaz47
"Int.r..t .. calcuhted .. 'allow.1
IIlTEIIEllT . BALANCE GF TAX UllPUD X Il\IIIBER OF DAYS DELIHQUEHT X DAILY Irm:REIIT FACTOR
--Any Notice 1..ued ,'t.r the tax lMcoae. delinquent will I'.'lact an I"t.r..t calculation to 'If teen CIS) d.y.
beyond tM dat. of the .........,t. If p.vaent .. .... a".1' the Intar..t Coaputltlon data shown on the
Notlc., additional Inter..t ..,et be c.1C\lI.tad.
\REV.1470EXt5-94)
PRODA TE
llIlIII
'*
COMMON'r'ttAL TH OF PENNSYlVANIA
DEPARTMENT OF REVF,NUE
IIURUU OF INDMDUAL TAUS
DEPT.2l10601
HARRISBURG PA "'28..0&01
INHERITANCE TAX
EXPLANATION
OF CHANGES
Mary A. Sheaffer
21 95'()497
101
ACN
SCHEDULE
ITEM
NO.
1 Adjusted to $' ,293,000
2 Adjusted to $276,000
EXPLANATION OF CHANGES
c
c
TAX EXAMINER: Ludwig Stelgler
PAGE 1
ROW Copy
" ~~;..~.,:";;"":,,,,,,~~~~',;~"~~:',!.;,~~'E~~..::;_:.~t::.~:..r-,JDJ:sff-
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...-.....
,
PIMl'ClSE .,
HDTlCE.
To fulfill 'the r..,lr..,b of Section 2145 (bJ of 'the Inhe,.!tMCe .-.! E.bt. Ta Act, Act 22 of 1"1.
(72 Pol. s.otlon 2145J.
PAvtIEHT.
IMbah U. tap po,.tlon of thI. Hotlc. WId .w.!t wIth !lau,. PII~t to 'the R-eist.,. of NUh p"lnt~ on U-
rn.,... .1eS..
...- .... Check or -..y order ~l. to. REGISTER OF MILLS, AOEH1'.
AU ~t. recelv~ ...11 bII IIppU.. Ur.t to My Int.,...t Nhlch ..y b8 due with MY ,...1,.,. sppU. to 'the w.
REF\IGJ(CAJI
A r.fund of . tax c,...1t MY bII .......t.. by ~l.tlng M "AppUClltlon for R.fund of p.,.,qlnnl.
Inherlt.noa and E.t.t. Tax- (REV-IS1SJ. application. .,.a av.llabla at the OffiCII of 'the Reglat.r of WIll.,
MY of the ZS Ravenua Dist,.lot OfUea. or f,.OII the; ~,.t..lt'. 24-hau,. ."....,.11"1II ..,...,Iea """ra for fa,... or.rll"llll
In PennSYlvania 1-100-S62-2050, out.l. Penn.ylnnla end wIthIn local H.rrlsburg .r.. (717J 7.7-1094,
TDO. (717J 772"2l12 U"'rlna 1..lr. OnlyJ.
DlJECTIDNSI Any ~,.ty In Int.r..t not ..tI.Uad with the .........,t of tax a. shown on this notlca ..y objlHlt wIthIn
.Ixtv (60J day. of receipt of thla Hotlca bYI
"'-wrJtt.., prota.t to tha PA Dap.rt..lt of R.venue, Board of Appe.h, Dept. 211021, Harrhburg, PA 17121"1021, OR
"-aleatlna to hria U. ..ttar data,..lned at audit of the ,.r.onal rapruantatlva, OR
........1 to the Drphan.. Court.
AlIUN"
ISTRAlIy!
CGRRECTlDNSr FlIOtual .rror. dlKOVerad on thl. .....gent should be addr...ad In wrltlna tor PA Oeparbant of Ravenue,
Bur..u of IndivIdual Tax.., ATTHI Po.t A....asent Ravl... unit, Dept. ZID601, Harrlaburg, PA 17111"0601,
Phone (717J 717"6505. s.. pea- 5 of U. booklet "In.tructlon. for Inheritance Tax Raturn for a R..ldant
Decadent- (REV"IS01) fO" an axplan.tlon of adalnl.tr.tlv.ly correctable arrorl.
PEMALTYI
ThII 151 tax _.ty nan-p.rtlclp.tlon penalty h CMlpUtad on the total of u... tn MIS Int.r..t ......ad, WMt not
paid blfor. J....I'!I 11, 1996, thl Ur.t d.y .ftar the and of the> tn ..,..ty .-rlod. This non-p.rtlclp.Uon
f*\IIltv is appul8bl. In the .... .....".r and In the> the> ._ tI.. period .. you would app..l the tme and Int.r..t
tn.t has been ......ed a. IncUc.tad on thl. notlc..
INTIRESTI
Fa" d.t.. of d..th on 0,. .ft.r 10~S"'l, Penn.ylvanla E.t.t. lax be.-d on the F~r.l E.t.t. Tax
r.turn bacHa' daUnquant at the 'kPlratlon of nine C09J IIonth. fr_ the d.t. of de.th.
For dat.. of de.th prior to 10"S"'I, Penn.ylvanla E.tat. Tax b..ad on the Faderal E.tat. lIM ,..turn
bacon. .Unquant at the IMPlratlon of .Ight.." nl) IIonth. Ir_ the> dIIt. of cIa.th.
Tax.. whIch bee.. deUnquant bafor. J8nua1")' 1, 1912 b..r Int.,...t at the rat. of .1M (0) perc."t ~,. .....
~Iculated at . daUy ret. of .0101604. All tau. which ~ d41Unquwlt on Dr' aft.r January 1, 1912 wUl bur
Int.r..t .t a rat. which wIll vary frOll calandar y.ar to c.lendar y..,. wlth U-t rata anncK.WM:ad by U. PA
Dapart.ant of Aavanua. The appllcabl. Int.r..t rata. for 1912 through 1996 .r.,
V..r Int.raU Rat. Dally Intar..t Factor
Va.r
Intar..t Aat.
DailY Int.r..t Factor
nlz
1913
1914
1915
I'"
"'-Int.,...t
20X .0005041
10 .OG04S1
l1X .000SOl
ISX .000SS6
lOX .000274
la calcul.tad .. follow..
1917
1911-1991
199.
1995"I994
1995-1996
9X
III
9X
n
9X
.000147
.GooSOI
.GooZ47
.GoonZ
.000247
IItTE1tE1IT .. BALANCE OF TAX UNPAID X HUllBER OF DAYB DELINQUENT X DAILY INTEREST FACTOR
...-itw Notice I..u~ aft.r the tn bac:oaa. deUnquant will raf1act an Int.r..t calculation to flft.., (15) daya
bai'Ond the data of the ........"t. If p.yant is .... .fbr' the Inbr.at COIIIPUtetlon data ahown on the
HallA, additional Inter.at .,.t bII calculated.
I~-J/~ - II
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
DEPT. 280601
HARRISBURG, PA t11za-0601
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
NOTICE OF DETERMINATION AND
ASSESSMENT OF PENNSYLVANIA
ESTATE TAX BASED ON FEDERAL
CLOSING LETTER
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
c- I*,
",.1" II'" .".1"
12-02-96
SHEAFFER MARY
05-16-95
21 95-0497
CUMBERLAND
202
Allount R...1tt.d
A
ROGER B IRWIN
IRWIN ETAL
60 W POMFRET ST
CARLISLE
PA 17013
MAKE CHECK PAYABLE AND REMIT PAYMENT TOI
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE. PA 17013
NOTEl To insure proper cr.dit to your account, aubMit the upper portion of this form Mlth your tax pay..nt.
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YGUR FILES ~
R-Efv:;iJ;-EX--AFP--CO;:-96i-----.-.-NCificif-OF--OETifRHiiiATio-N-Aiio-AiisESS-HENif----------------------------
OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL CLOSING LETTER ..
ESTATE OF SHEAFFER
MARY
A FILE NO.21 95-0497
ESTATE TAX DETERMINATION
1. Credit For State Death Taxes as Verified
ACN 202
DATE 12-02-96
7.001.00
2. Pennsylvania Inheritance Tax Assessed
(Excluding Discount and/or Interest)
101.546.36
3. Inheritance Tax Assessed by Other States
or Territories of the United States
(Excluding Discount and/or Interest)
4. Total Inheritance Tax Assessed
5. Pennsylvania Estata Tax Due
6. Amount of Pennsylvania Estate Tax PreviouSly Assessed
Based an Federal Estate Tax Return
7. Additional Pennsylvania Estate Tax Due
TAX CREDITS I
PAYMENT
DATE
RECEIPT
NUMBER
DISCOUNT (+)
INTEREST (-)
.00
101.546.36
.00
.00
.00
AMOUNT PAID
TOTAL TAX CREDIT .00
BALANCE OF TAX DUE .00
INTEREST AND PEN. .00
TOTAL DUE .00
MIF PAID AFTER THIS DATE. SEE REVERSE SlOE IIF TOTAL DUE IS LESS THAN fl. NO PAYHENT IS REQUIRED
FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REflECTED AS A "CREDIT" ceRl. YOU HAY BE
DUE A REFUNO. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS.l
~
~
..
.... .'
; (i:
Cj
I ,.~
.'
)
M
I
c.>
<::l
I.'} ,')
tHO.:'
0:
II)
po
.'l-!5
Uu
PURPOsE OF
NOnCE.
To fulfIll the r.qulr..ent. of Slotlon 2.4S Cb) of thl Inherltancl and Elta'. rl. Act, Act 2Z,o, 1991. e7Z P.I.
Sactlon 21U).
PA'tHEHTI
DelICh the top portIon of thl, Hotlel and lub.lt wIth your plv..nt to thl Rlgl,t.r of NIIII prInted on the
ravar.. .1et..
... "aka chick or lonay order p'wlbl, tOI REGISTER OF HILLS, AGENT.
All p'~ent. r.calved shill ba .ppll.d '.rlt to any Int.r..t which "V ba due with any r...lndar .ppllld to thl tax.
REfUND eCA)f , r.fund of . taM cradlt "V ba r.qua.tad bv co~l.tlnD an "APp11cltlon 'or R.fund 0' Pannlvlvanla
Jnh'rltencl ~ E,t,t, riM" (AEV~lS13). Appllcatlonl .r. IVIllabl, at thl OffIcIo' thl RIglat.r of Willi,
any of thl ZJ Rav.nue DI.trlel O"lc.. or 'rol thl O.p.r...nt.. 2~-hour on.w.rlng 'Irulc. nu.b.r. far far.. ord.rlngl
In Penn.ylvenl. 1-100-362-2050, out.ld. P.nn.ylvanlll ~ within loc.1 H.rrl.burg '1'" (717) 717-1094,
'DO' (717) 772-2252 (H..rlng 1~.lr.d Only).
DlJECTIDNSI Any p.rty In Int.r..t not ..tl.,I.d with thl ........nt of t.x .. .hown on thl. notlcl ..y abj.et wIthin
.Ixtv (60) d.v. of r.e.lpt 0' thl. Not Ie. bYI
--wrltt.n prot..t to th. PA D.p.d..nt of A.v.nu., lIa.rd 0' App...., D.pt. 231021, H.rrhburg, PA 17128-1021, OR
--.I.ctlng to h.v. th. ..U.r d.hr.ln.d .t lIudlt of th. p.r'on.1 r.prll.lnt.tlv.. OR
--Ipp..l to thll Drph'n.1 Court
ADtlIH-
ISlAATlVE
CORRECTIONS I
F.etu.1 .rror. dl.cav.r'd an thl. ........nt .hould b. .ddr....d In writing tal PA D'Plrt'lnt 0' A.v.nue,
Burlau 0' Indlvldu.1 '.x.., ATTHI pa.t A.......nt A.vl.w Unit, D.pt. 280601, H.rrl.burg, PA 17128-0601,
Phonl (717) 717-6505. S.. P.g. 5 0' th. boakl.t "In.truotlon, for Inh'rlt"~1 '.x A.turn far II A..ldant
D.e.dent" (REV-ISOI) 'or en .xplan.tlon 0' .dllnl.tr.tlv.ly carr.etlbl. .rror..
PEHALTVI
Th. 15X t.x lan..tv non-plrtlclp.tlon penllty II cOlput.d on th. tot.1 a' th. tlX .nd Int.....t .......d, and nat
p.ld b,'or. Janu.rv 18, 1996, th. 'Irlt d.V .,t.r th. .nd a' th. t.x 'In..ty p.rlod. Thl. non-p.rtlclpltlan
p.n.lty I. IPP..llbl. In th. .... .ann.1' .nd In th. th. .... tl.. p.rlad a. YOU would Ipp..1 th. tax end Int.r..t
th.t h.. b..n .......d " Indlc.t.d on thl. notlc..
INTEAESTI
Addltlon.l P.nn.ylv.nl. E.t.t. T.x .......d .. II r..ult of II ch.ng. on th. F.d.rlll E.t.t. T.x clo.ln8
l.tt.r b~co... d.llnqu.nt .t th. 'Mplr.tlon 01 on. (II .anth Iro. th. dlt. the fln.1 notlc. 01 th. Incr....
In FId.rll E.t.t.,.x I. r,c'lv.d.
T.MI. whIch blc... d'llnquant b,'ar. Jenu...v I. 1912 b..r Int.r..t .t th. r.t. 01 .Ix (6~1 plrcsnt p.r annu.
c.lcul.t.d .t . d.lly r.t. of .000164. All t.M" which b.e... dlllnqulnt an or IItlr Janu.ry I, 1982 will bl.r
lntlr..t .t . r.tl which wtlt v.rv 11'0. cat.nd.r y..r to c.t.nd.r y..r wIth thlt r.t. Innouneld by th. PA
D.p.rt.ant of Alvlnu.. Th. IPpllc.bt. Int.r..t r.t.. lor 1982 through 1996 '1'11
~ Int.rl.t A.t. Dlth Int.rut F.etor ~ Int.rut A.t. D.lly Intl,...t F.etar
1912 "X .DOD541 1911 OX .000247
191.5 lOX .DOoUI 19"-1991 lit .000301
1')14 lit .DOOSOI 1992 OX .000247
1985 m .OOOSS6 1995-1994 7t .000192
1916 lot .000274 1995-1996 'X . DOU47
--Intlr..t II c.lcut.t.d .. lollowlI
INTEREST a BALANCE OF TAX UNPAID X NUnBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR
--Any Hotlc. I..u.d .ft.,. th. tax b.ea... d'llnqu.nt wilt t.Il.et In Int.r..t cllculltlon to flft.ln (15) dlY,
b.yond the dati 01 th. ........nt. II p.y..nt JI I.d. eft.1' th. Int.,...t ea.put.tlan datI .hown an th.
Hotlc., 'ddltlo",1 Int.t..t MU.t b. calcul.t'd.
...,........."."-~....."'-""~--,'~.-.-......
i:j'-1~7. '/
BUREAU OF INDIVIDUAL TAXES
IHU[.tITAHCE fb DIVISION
DEPT. 210601
tlARR.SBURO, Pi 17U8-D601
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
INHERITANCE TAX
RECORD ADJUSTMENT
ROGER B IRWIN
IRWIN ETAL
60 W POMFRET ST
CARLISLE
PA 17013
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
09-24-97
SHEAFFER
05-16-95
21 95-0497
CUMBERLAND
101
AMount H..it tad
C!.
*'
I._.nu II ". "1-1,,
MARY
A
MAKE CHECK PAYABLE AND REHIT PAYMENT TOI
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
HOTEl To in.ur. proper cradit to your account, lub..lt the upper portion of thil for.. with your tax pay...nt.
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~
RE-Y:is9-i-Ejf-AFfi-Coii:97i------.-.-iiiHERi-fANC-€-TA-i-RE-CORO--ADj-USTH-€NT--..-----------------------------
ESTATE OF SHEAFFER
MARY
A FILE NO, 21 95-0497
ACN 101
ADJUSTNENT BASED ON.
VALUE OF ESTATEI
PROTEST 80ARD DECISION
1. R..l E,t.t. (Sch.dul. A)
2, Stock. and Bonda (Sch.dule 8)
3. Clo..ly Hald stock/Partnership Int.r..t (Sch.dule C)
4. Horta'a'I/Not.. Receivabla (Schedule OJ
S. Ca.h/Sank Depolita/Hilc. Par.ann! Property (Sch.dule E)
6. Jointly Owned Property CSchadul. fJ
7. TranafarG (Schedule OJ
8. Total A...t.
DEDUCTIONS AND EXEMPTIONS:
9. Funaral EKpan.../Ad..lnl.tr.tlv. Co.t./
HI.c.ll.n.oua b:p.n... (Sch.dul. HI
10. Debt./Hortg.ga Liabilltl../Llana (Schadul. II
Total Deduction.
Net Value of TaK Raturn
Charltable/Gov.rnnant.l aaqua.t. (Schadul. JI
N.t V.lu. of E.t.t. Subjact to Tax
11.
12.
13,
14.
TAXI
15. Aaount of line 14
16. AMount of Line 14
17. AMount of line 14
18. Principal Tax Du.
TAX CREDITSt
PAYNENT
DATE
at Spouaal rat.
tax.bl. .t Lln..I/Cla.. A rate
t.xabl. .t Coll.t.ral/CI... 8 r.t.
RECEIPT
NUNBER
DISCOUNT l+ I
INTEREST/PEN PAID I-I
1,526.32
.00
08-16-95
02-16-96
AA048117
AA1l2515
INTEREST IS CHARGED THROUGH 10-09-97
AT THE RATES APPLICABLE AS OUTLINED ON THE
REVERSE SIDE OF THIS FORM
. IF PAID AFTER DATE INDICATED. SEE REVERSE
FOR CALCULATION OF ADOITIDNAL INTEREST.
III 79.000.00
121 2.632.50
(3) 1,569.000.00
141 33,525.18
151 47.754.00
161 .00
17) 27.501.91
IB)
19) 40.687.33
110) 848.25
1111
1121
1131
114)
115)
1161
1171
.OOX.OO-
1.717,878.01 X.06-
.00X.15-
llel
DATE 09-24-97
1.759.413.59
41.535.58
1.717 .878.01
.00
1.717 .878.01
.00
103.072.68
.00
103,072.68
35 301. 36
67 771.32
10 060.45
77 ,831. 77
IF TOTAL OUE IS LESS TNAN .1. ND PAYNENT IS REQUIRED.
IF TOTAL OUE IS REFLEeTEO AS A "CREDIT" (eRl, YOU HAY BE DUE
A REFUNO. SEE REVERSE SIDE OF THIS FORN FOR INSTRUCTIONS. I
ANOUNT PAlO
29.000.00
4.775.04
TOTAL TAX CREDIT
BALANCE OF TAX DUE
INTEREST AND PEN,
TOTAL DUE
("
~ ':
1",
I
I-
f'
-,
"
U':'.'
r--
~,
... ~
Gc..;
PAYHEHTI
o.hch the top portion of thh NoUce end .ubIIlt with ~our pay.."t eltde ply.tlla to the n.. end add,....
prtntad on thl raVI,.., .Ida.
.. H.... chick or .only order PIVMJII tal REGISTER OF WILLS, AGENT.
RUUHD (CRh A nfund of . ... critdlt, whh:h ".. not raqu..t.ct on the 'I. Return, ..y b. r.qu....d by cO-".IUng ."
"Application 'or A.fund of P~.ylv8ftl. Inherlt~. ~ E,t,t, 'IX" (REV~1515). application. ara 1".llabl. at
thl Offlu of thl AI.II'I,. of WIUI, ."y of the n AaVMUI Dhtrlct OffJc.. or fro. the a.part..nt., 2.-hour
an....rlnG ..,.vlcl ~.r. for fori' orderlngl In Pannlvlvant. l-IOO.'6Z-2050, out, Ida P.nn,vlvanl.
~ within lD~.l Herrlaburl .,... (717) 7.7-.0~4, TOO. (717) 7fZ-Z2SZ (H..rlng J~.lr.d only).
MPLY
TO.
au..tlon. ragardlng .rror. contained on thl. not Ie. should ba .ddr....d tal PA O.part.ent 0' R.v.nue, lur.eu
0' Indlvldu.l Tax.., ATTNI po.t A.......nt R.vl.w Unit, a.pt. 280601, Harrl.burg, PA 171'8-0601, ~
(717) 787-6505.
OJSCCUlTI
I' InY t.x due I. p.ld within thr.. (S) c.I~'r .onth. a't.r thl d.c.dent'. d.ath, . 'Iv. p.rc.nt (5l) dl.count
of the tax p.ld I. allov.d.
PENAL TV I
Th. 15X tax -.n..ty non-participation panalty I, co.putad on the total 0' the taw and Intar..t .......d, and not
paid b.'or. J~ary 18, 1996. the flr.t day a,tar thl .nd 0' the t'M .~aaty parlod.
INTEREST.
Int.r..t i. charged bag Inning with flr.t day of d.llnquancy or nln. (,) eanth. and on. (I) day frae thl data of
d..th to tha data 0' ply.ant. T.w.. which b.ca.. d.llnqu.nt ba'or. Janulry I, 1982 b..r Intar..t .t the rat. 0'
.IM (62) p.rcent p.r annua calculatad at a dally rata of .000164. All tax.. which b.c... d.llnquent on end .'t.r
January 1, 1'12 will b.ar Int.r..t at . rat. which wIll vary 'roe cal.ndar y.ar to cal.ndar y.ar with that rata
~ad by the PA D,p'rt.~t a' Aav~. Th. applicable Int.r..t rat.. 'or 1912 through 1997 ara.
V..r Intar..t Aata Dally Int.r..t Factor Vaar Int.r..t A.t. D.lh Int.r..t Factor
1912 XU .000541 1917 'X .UOZ47
1911 lOX .oooua 1988-1991 IlX .aaosal
1914 IlX .OUSal L'" 'X .OOD2U
1915 UX .OaOS56 1995"1994 7X .aoOltl
1916 LOX . UOZ74 1995-1997 'X .000247
--Int.r..t I. calcul.ted .. 'ollov'l
INTEREST . aALANeE OF TAX UNPAID X NUHBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR
".Any Hotlca I..u.d ,'t.r t~ tax blco... dallnqu~t will r.'lact an Int.r..t calculation to 'Ift.an (15) d.~.
b.~ond thl date 0' tha .......-nt. I' p.~.ant I, .Id. .'tar the Intlr..t co~ut.tlan data shown on the
Notlc., addltlon.1 Int.r..t au.t ba calculated.
BOARD OF APPEAL S
CEPT 2111021
UAh"RIS8URO, p~ 17128.102'
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
PHONE: 7170783.368.
FAX: 7170787.7270
ROGER B IRWIN ESQ
IRWIN MCKNIGHT & HUGHES
W POMFRET PROF BLDG
60 W POMFRET ST
CARLISLE PA 17013-3222
IN RE ESTATE OF:
MARY A SHEAFFER
DOCKET NO. : 9700309
TAX TYPE: INHERITANCE
APPEAL TYPE PROTEST
FILE NUMBER: 21 95-0497
ACN: 101
APPRAISEMENT: 11-25-96
PETITION FILED: 12-31-96
EXAMINER: DONNA E. AUMENT
MAILING DATE:
SEP 1 5 1997
DECISION AND ORDER
In Its appraisement and assessment of the estate's Inheritance tax return, the
Department increased the value of the decedent's 66.23% interest in Letort
Warehouses, Inc. from $331,369.00 to $1,293,000.00 and her 56.68% interest in
Sheaffer Brothers, Inc. from $108,109.00 to $276,00.00.
The estate's valuation of the corporations was based solely on their book values,
The Department determined that, since the corporations had been losing money, a
valuation using the earnings method would be irrelevant. Since the decedent was the
majority shareholder, there was a potential to liquidate the corporations. Therefore, the
Department based its determination on a liquidation value. The main difference
between the estate's book value and the Department's liquidation value arises from the
valuation of the underlying assets. While the Department discounted receivables by
Page 1 of 2
Page '2 of 2 .
MARY A SHEAFFER
BOARD DOCKET NO. 9700309
15% and Inventory by 25% and gave an overall 10% discount for miscellaneous
liquidation expenses, the Department valued the major assets of the corporations, their
real estate, at their fair market values at the time of the decedent's death. Therefore,
while Letort Warehouses, Inc. was carrying the real estate on Its books at $185,000.00,
Its acquisition cost less depreciation, and Sheaffer Brothers, Inc. carried the real estate
at $26,000.00 , the Department used the "computed value" approach to determine the
fair market value of the properties at the time of death to be $1,900,000.00 and
$600,000.00, respectively. Petitioner has submitted no evidence such as a
professional appraisal which would show that the date of death value of the real
properties was less than the values used by the Department and has, in fact, failed to
submit any additional evidence or Information regarding the valuations.
Accordingly, It Is hereby, Ordered that the protest Is dented.
The appraisement and assessment shall stand as filed.
FOR THE BOARD OF APPEALS
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C:::~ 12 J:J~
JoSeph R. leek, Member
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A STATEMENT OF ACCOUNT WILL BE MAILED TO YOU BY THE BUREAU OF
INDIVIDUAL TAXES.
ANY APPEAL FROM THIS DECISION MUST BE FILED WITH THE ORPHANS'
COURT WITHIN SIXTY (60) DAYS OF RECEIPT OF THIS DECISION.
IF YOU REQUIRE THIS INFORMATION IN AN ALTERNATIVE FORMAT UNDER THE
PROVISIONS OF THE AMERICANS WITH DISABILITIES ACT OF 1990, CALL
(717)783-3664 OR TOO (717) 772-1763 (HEARING IMPAIRED ONLY).
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IN RE ESTATE OF MARY A,
SHEAFFER
: IN THE COURT OF COMMON PLEAS OF
: CUMBERLAND COUNTY, PENNSYLVANIA
ORPHANS' COURT DIVISION
No.
PETITION OF APPEAL
AND NOW, this 14th day of November 1997, come Petitioners, Judith S. Derr mid. Paul
S. Sheaffer, Jr., Executors of the ESTATE OF MARY A. SHEAFFER, by and t~rough their
attorneys, Irwin, McKnight & Hughes, to petition this Honorable Court pursuant to 72 P.S.
~ 9188 for review of the decision of the Pennsylvania Department of Revenue in its appmisall!'ld
assessment of the estate's inheritance tax return, and in support thereof avers the following:
I.
Petitioner, Judith S. Derr, is an adult individual residing at 38 Rustic Drive,
Shippensburg, Cumberland County, Pennsylvania 17257.
2,
Petitioner, Paul S. Sheaffer, Jr., is an adult individual residing at 256 Old Stone House
Road, Carlisle, Cumberland County, Pennsylvnnia 17013.
3.
Mary A. Sheaffer ("Decedent") died on May 16, 1995, residing at 1236 Spring Road,
Carlisle, Cumberland County, Pennsylvania 17013, and Letters of Administration were granted
by the Register of Wills of Cumberland County, Pennsylvania to the above Petitioners on June
30, 1995.
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4.
On or about Februory 16, 1996, Petitioners filed the Pennsylvania Inheritance Tax Reiurn
("Tax Return") with the Register of Wills of Cumberland County: A true and correct copy of this
Inheritance Tax Return is incorporated herein by reference and attached hereto tIS Exhibit "A."
5.
On Schedule C-I of the Tax Return attached lIS Exhibit "A." Decedent's interest in Letorl
Warehouses. Inc.. is valued at Three Hundred Thirty-One Th~usand Three Hundred Sixty-Nine
. .
and no/IOO ($331,369.00) Dollars, tIS detennined by the corpora1iori's independent certified
public accountants. ' , .
6.
On Schedule C-2 of the Tax Return attached lIS Exhibit "A." Decedent's interest in
Sheaffer Brothers, Inc.. is valued at One Hundred Eight Thousand One Hundred Nine and no/l~O
($108.109.00) Dollars, lIS detennined by the corporation's independent certified public
accountants.
7.
Petitioners also submitted four (4) years of prior income tax returns with the Decedent's
Pennsylvania Inheritance Tax Return to be filed with the Register of Wills of Cumberland
County, Pennsylvania, showing consistent losses for each of the respective corporations in which
the Decedent had an interest.
8.
Each of the respective corporations in which Decedent had an interest are closely held
Pennsylvania corporations with issued shares of stock that are restricted in accordance with ea~h
entity's respective by-laws.
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9.
Upon receipt of the Tax Return, the Pennsylvania Department of Revenue notified
Petitioners of its position to value Decedent's interest in Letort Warehouses, Inc" at One Million
Two Hundred Ninety-Three Thousand imd no/100 ($1,293,000.00) Dollars, and to value
Decedent's interest in Sheaffer Brothers,lnc., at Two Hundred Seventy-Six Thousand and nollOO
($276,000.00) Dollars. A true and correct copy of the Department's letter is incorporated herein
by reference and attached hereto as Exhibit "B."
10.
Petitioners, through their attorneys, appealed the Department's adjusted values,
II.
On or about September IS, 1997, the Pennsylvania Department of Revenue !ssued a
decision and order valuing Decedent's interest in Letort Warehouses, Inc" at One Million Two
Hundred Ninety-Three Thousand and no/100 ($1,293,000.00), approximately four (4) times the
value detennined by the corporation's independent certified public accountants. A true and
correct copy of the Department's decision and order is incorporated herein by reference and
attached hereto as Exhibit "C."
12.
The Pennsylvania Department of Revenue's decision and order dated September IS,
1997, and referred to as Exhibit "C," also valued Decedent's interest in Sheaffer's Brothers, Inc.,
at Two Hundred Seventy-Six Thousand and noli 00 ($276,000.00) Dollars, approximately two
and one-half (2\1,) times the value detennined by the corporation's independent certified public
accountants.
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13.
The Pennsylvania Department of Revenue's method of valuation and its final
detennination ofthe value of Decedent's interest in each corporation is unreasonable 115 to the <
value of the Decedent's Interest in each respective entity" at the time of her death.
WHEREFORE, Petitioners respectfully request that the Court set this mailer for hearing
de novo pursuant to 72 P .S. fi 9188 and that the delennination of the Department of Revenue be
set aside.
Respectfully Submitted,
By:
, Esquire
Supre Court ID # 06282
Ja s D, Hughes, EsquIre
preme Court ID # 58884
West PomlTet Professional Building
60 West PomlTet Street
Carli91e, Pennsylvania 17013
(717) 249.2353
Allomeys for Petitioners,
Juditil S. Derr, Executor and
Paul S. Sheaffer, Jr" Executor
Dated: November 14, 1997
IUSERIIXlMlIDIIICOURTOOCIPE11110N OF AFFEAL. SIIEAFFER
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, VERIFICATION
The foregoing petition of appeal is based upon infonnation which has been gathered by
'our counsel and ourselves in the preparation of this mailer. We have read the statements made in
this petition of appeal and they are tnle and correct to the best of our knowledge, Infonnation and .
belief. We' understand that false statements herein made are subject to the penalties of 'IS
pa.C.S.A. 'Section 4904, re,lating to unsworn falsification to authorities.
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MARY A. SHEAFFER ESTATE
~(/,.Jlluf.llf:) ,
J..
, PAUL S. 'HEAFF. , ,Executor
Date: November 12, 1997
d
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,NflUE GPtlN
RESIDENT DECEDENT
(TO BE FILED IN DUPLICATE
WITH REGISTER OF WILLS COUNTY CODE
DECEDENT'S NAME (LA'T. FIRS11 AND lAICOl! INITIAL) DECEDENT'S COMPLETE ADDRESS
Sheaffer Mar A. 1236 Sprin8 Rood
SOCIAL SECURITY Nu",aER OATEOF OEATH OATEOF BIRTH Carl1s1e, PA 17013
544-12-1159 05/16/1995 12/10/1922
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FILE NUMBER
fOR DATES OF DEATH AFTER ':')1'" CHECK HERE
IF A SPOUSAL .
21-95-0/,97
YEAR
eoun Cumborlond
OF APPLICABLE) SURVIVING SPOUSE'! HAUE lLAST,FIRST AHD LtIDDLE INITIAL) SOCIAL SECURITY NUMBER
X 1, Original RaMn
4. Limited Estala
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SICNATURE OF PERSON RESPONSIBLE fOR flLlNO RETURN
HUMBER
AMOUNT RECEIVED(SEE INSTRUCTIONS)
0.00
05.
1 8.
Remainder Rolurn
(lo, dales of dealh prlorto 12-13-82)
Federal Estate Tax Return Required
Total Number 01 Sal. Deposit BOllOS
(8)
(9)
40,687.33
(10)
848.25
2. Supplemental Return
4.. Future Interest Compromise
(lor d.la. of dea1h ahe, 12-12-82)
[ID 8. Decedenl Diad TeSlale 0 7. Dacedenl Maintained a Living Tru.t
(Allach co of Will) (Altach a co 01 Tru.l!
C p ALL CORRESPONDENCE AND CONFIDENTIAL TAll INFORMATION SHOULD BE DIRECTED TO.
RR ~ NMlE CO"'PLETE "'AlLING ADDRESS
o Ro sr B. Irwin IRWIN, McKNIGHT & HUGHES
~ ~ TELEPHONENu",aER 60 Wost Pomfrst Street
- T 717-249-2353 Carl1s1e PA 17013
1. Real Estala (Schedule A) 1 7 ,
2. Slocks and Bond. (Schedula B) (2) 2 ,632.50
3. Clo.aly Held S.ocklPartnershlp Inlera.t (Schedule C) (3) 439 ,478.00
4. Mortgagesand Noles Recelvabla (Schedule D) (4) 33.525.18
5. Cash, Bank Dapo.h> & Mlscellanaous Parsonal Property (Sch. E) (5) 47 ,754.00
6. Jolnlly Owned Property (Schedula F) (6) None
7. T,ansfe.. (Schedula G)(Schedule L) (7) 27 , 501. 91
8. Total Gross As.ets (colal Lines 1-7)
9. Funeral Expenslsl Administrative Costs. Miscellaneous
Expenses (Schedule H)
10. Debts, Mortgage Liabilities, Lien. (Schedule!)
11. Total Deducllons (cotal Lines 9 & 10)
12. N.el Value of E.tale (Line 8 minus Line 11)
13. ChB'ritable and Governmental Baque.ts (Schedule J)
14. No' Value Sub acllo Tax (Llna 12 minus L1na 13)
15. Spousal T,ansfe.. (for dales 01 daalh ahar 6-30-94)
Se. Instructions for Applicable Percentage on page 2.
(Include valu.. from Schedule K or Schedule M.)
18. Amount of line 14 taxable 816'/. rate
(Include values Irom Schedule K or Schedule M.)
17. Amount 01 line 14laxable at 15'/. rate
(Include values from Schedule K or Schedule M,)
18. Principal tax due (Add tax from Llna 15, 16 and 17.)
19.CreditslSp Poverty Prior Payments Discounl Inlerest
0.00+ 29,000.00 + 1,526.32 0.00
20. II Line 191s gre.ler than Line 18, enler Ihe difference on Line 20. Thl.1s Ihe OVERPAYMENT.
~ 0 I Check ha,e II you a,a raquaatlng a relund 01 you, ove,payment.1
21. II Line 18 Is greale' than Line 19, enle, 1he difference on Line 21. This Is the TAll DUE.
A. Enter the Interest on the balance due on Line 21A.
B. Enler Ihatotal of Line 21 and 21A on L1na 21B. ThI.I. ,he BALANCE DUE.
Mak. Check Pa able to. R. I.te, 01 WIlle, A enl
~ ~ BE SURE TO AN~WER ALL QUESTIONS ON PAGE 2 AND TO RECHECK MATH .. ..
.tpenalnD peruty. lICII.t. IV..XI 1 ."Ium,nt ngac:cornplf'l)'ngsc u... ltalllMnta,' 101. 110"'f now gel '.11 u.,
conKt and c:ompl.te, decll,. thlt III ,..llItat. hll bien '.porll'd It tNe mllkll value. DIICI".lIon or p'lIp&r.' olh., than the penonal f.p'...nlltl~ II based on III Information of
whlc:h pr.pat., hu any knowledg..
(11)
(12)
(13)
(14)
(15)
0.00 X
=
(16)
588,356.01 X .06 =
(17)
0.00X.1S=
(18)
(19)
(20)
(21)
(2IA)
(21B)
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Cop)rl;ht (c) 1i9~ form IOftwlr. only CPSYlt'rmI,lne.
qq
SIGNATUREOFPREPAREROTHERTHANREPRESENTATlVE IRWIN, McKNIGHT & HUGHES
60 Wost Pomfret Strsot
Car i'ia i~-: .pi; - - i 7iiij - - - - -. - -. - - - - - - - - - - - - - - - - - - - - - - --
629,891.59
41,535.58
588,356.01
Nono
588 356.01
0.00
35 , 301. 36
0.00
35 , 301. 36
30,526.32
0.00
4,775.04
0.00
4,775.04
DATE
OATE
Form 1500 (Rev.1.'",)
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RIV -1102 EX' III.",
SCHEDULE A
REAL ESTATE
COIol.~2M,WhY~IA
ISTATIOf fiLE NUMBIR
Mary A. Sheaffer SSO 544.12.1159 05/16/1995 21.95.0497
(prop.rty jointly-own'" with Right 01 Survlvallhlp mu.t be dl..ta.... on S.h"'ul. f) All r..l..tat. .hauld be rep.rt'" at lair markel v.lu.
whl.h I. d.lln'" ..tha prl.. at whl.h pr.p.rty w.uld ba ..changed bIlw..n . willing buy.r and a willing ..1I.r, n.lth.r being ..mp.lI.d to
b .r ..II, both havln r....n.bt. kn.wled . 01 tha r.l.v.ntlact..
ITEM
NUMBER
1
DESCRIPTION
VALUE AT DATE
OF DEATH
79,000.00
1236 Spring Road, Carliale,
Cumber1end County, more
particu1ary describsd in
Deed Book "N", Vol. 13, Page
281 (aettlement sheat
attached) ,
TOTAL (Aba .nlor on 11n. 1, R..a huIaU.n)
(II moll .pa.. Is ...d.d, Insen .dditlonal shilts .f """ .In.)
Cop'frtght (c) 1114 form IOflw....onty CPSyst.mI.lnc.
$ 79 000.00
'DIm 1500 Schodulo A IR.....II...'
REV-II.SEX' (~''')
CO".Iim~_~ANIA
ESTATE OF
SCHEDULE B
STOCKS AND BONDS
FILE NUMBER
21-95-0497
Mary A. Sheaffer
5511 544-12.1159
05/16/1995
(All ro I
ITEM
NUMBER
1
oint .ownld wllh RI ht 01 SUIYlvorohl mUlt bl dllcloled on Schodull F,)
DESCRIPTION
VALUE AT DATE
OF DIA TH
2.632.50
108, Dauphin Doposit
Corporation
24.375
TOTAL (Also Inlor on IInl 2. Rica "ulollon)
(II more IpacI Is n..dld, InSlrt addhlonallhollS 01 samo IIzI.)
Cop)'rlllhl (c) tH4 farm aotlWll'. anlt CPSy,tlfns,lnc.
. 2 632.50
form 1500 ..hod." B (ROV. ~''')
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COMMONWI!A\fH 0' 'f:NNSYlVANIA
INHIIU1'ANe! T^)rj UTUI.,..
IlIID!"'1' OICID!N'
SCHEDULE C.1
CLOSELY HELD CORPORATE STOCK
L INFORMATION REPORT
Pleose T
fiLl NUMBlR
e '" Prlnl
ISTAlI or
HARY A. SI1EAFFI!R
21-95-497
1, Nom. 0' COffJorallol\
Letort Warehouses lne.
Slate 0' Ine:,
Pennsvlvania
06-01-62
Str..t Addr...
405 North Eaat Street
Dot. ollne.
CI'y
Carlisle
5.... Pennsylvania Zip C.d. 17013
Total N"mb., 0' Shar.holdOtn
2.
fod.,.II. o. N,mbor 23-1626897
(Som. A, fed,ral form 11 ~O)
Type 0' 8Ullnl.. Wholesaler
BUlin'.. Reporting Y,or JanUary 1
I.
December 31
3.
Prodllcl
Auto Supplies
A.
5. Eltlmated Volu. 0' Dlud,nl" Inl"I"
STOCK
TYPI T8MlT1~~MAs
681
PAR VALUI
. SHAIIS OWHID
ey DICIOINT
UNIT VALUE
TOTAL
Common
$100
451
$734,74
$331.369
P"f.u.d
Provide all rlghl. and ,.strlctlon, p.l1olnlng 10 loch don of lIoct
6. Wos dlc,d.nl .mploy.d by the Corpora!lo"' Dy,s [!]No
If Y'I, Poaillon
Annual Salary S
Tim. D.vot,d 10 bUlln.1t
7. Amovnlond type of compony Ind.bt.d"," to d.c,d.nt 01 dot. of d.athl S 26.675. 1 R
B. Wat Ih,r.lif. ""uranc. payable to Ih, corporation upon d'ath of dec.d,nl' OV,s [;)Na
If y.., Cath Surrend,r Volu,: 5
Own,r of Policy
9. Old Ihe dlC,d,n,"1I or fransf.r tlode 01 this company within on. y.ar prior 10 death II the dol. of d.alh wet on or oh.r 12'13/82 or within two y.on If Ih. dOl'
of dealh was prlor to 12113/82fD V.t l!I No
Ify,tl
N.I Proclld. Poyobl'l 5
. or SHARES
TRANSfERIl OR PURCHASER
AMOUNT
DATE
10. Old th, corporation hay. on Inl"..II" alh., corporallan. or partn.nhlp.' V.. No
If Y'" "port thl nlu..ary Infcrmallan on 0 ..poroll .hnl, Ind",ding Schldul. "C.I" or "C.2" for loch Int"tlt,
11. Wos Ih.,e 0 wrl"ln Ihareholdl'" oDr..ment In IHld 01 thl tlm. of Ihe dfCldlnt'. d.alh' Dy,. DNa
If )'11, oHOU. copy of o9r..m,nl.
12, Was th. dlced.nl'. slack laid' Oy" ~No
If y.., proyld. 0 copy of Ih. ogr..mlnl of .al., .tc.
13. Wo. Ih. corporollon dl..oly.d or IIquidol.d oftlr Ih, dlced.nt'l d.ath' OV.. l!]No
If y.., proyld. 0 breokdown of IIquldollon dl.tributlon., .Ie. Allach a "parOl' .hlll.
1~, P1.0.. .ubmU Ih. followfng Information whh Ihlt sch.dul'l
A, A d.toll,d d..crtpllon .howlng Ih. m.thod of computallon ullliud In the yaluation of Ih. d.Cld.n,lt 'Ioc.,
a. Compl.l. copl.. of financial tlat.m.nls or compl.l. copl.. of Ih. f.dlral Ta. R.lurn. (Federal Form 11201 for Ih. y,ar of dloth and ~ prec,dlng Yla,.,
C. A .lol.m.nt of dlyld.nds paid .och y,or. U'llho.. d.clored and unpola,
0, U.t namll of oHICln, .olorlll, bon",... and any olher b.n.fUs ractly.d from Corporation,
E. If the Company own.d flol "'ot,, submit 0 Iht .hawlng the cOl'lpl", add,...I.. ond ..tlmat,d Fair Mar.'1 Val""I.. If R.al Ellol.
Approlloll hoy, b..n ..cur.d, pliO" o"och COpll',
F. lltt principal .loc.hold.n at dolt of d'OI~, numb., of .hor.. h.ld, and relollonddp 10 d,ced.nl.
15. ALL OlHIR INfORMATION RlLATlVI TO AffiXING lHE TRUI VALUI Of THE OICIOINT'S INIlRIST SHOULO ACCOMPANY THIS SCHIOULE.
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SCHEDULE C.l
CLOSELY HELD CORPORATE STOCK
L INFORMATION REPORT
e or Print
COMMONWEAlTH Of P!NNSYLVANIA
INHnlUoNCE T^ll: IfTUAN
1l1$ICINr DECEDENT
ESTAn OP
PlsDle T
PILE NUMBER
KARY A. SIIEAFFER
21-95-497
I, Nam. of Corporollon
Sheaffer Bros. Inc.
Slot. of Inc:,
Pennsylvania
12-20-54
S'r.,' Addr...
405 North Eaet Street
Oat. of lnc:,
O'y
Carliale
Zip Cod. 17013
5laf. PennsYlvania
TOIOI Numb., of Shot.hold"u
11
2. F.d"oll. D, N'mb., 23-1441549
(Same Aa hd.rol form 1120)
3. Type of 8ulln... Wholesaler
IUlln... Reporting V,ar Januarv 1
,. Deeember 31
Product
Auto Parte
4.
srOCK
TYP' T8rAL . SHARES
. UTSTANOING
.5. EulrnOf.d Value of oend,nl" Inll'I.1
. SHARES OWNED
BY DECEDENT
PAR VALUE
UNIT VALUE
TorAL
Common
644
$100
365
$296.19/SH
$108.109
P,,'.rr.d
P'ro...ld. 011 riShh and r"lrlctlons pertaining 10 loch clan of 'Iock.
6. Wa. dlCld,nl .mployed by th. Corporation' Oy" [!]No
If Y". Po.illan Annual Salary $
7. Amounl and type of compon)' Ind.btedn... '0 dlced.nt at dot. of d.alh, 5 6.850
8. Wa, th,r. Ilf,'nluronc. pa)'abl. to Ih. corporollon upon d,alh of d,ud,nl' Dy,. ~No
Tim. D....ol.d 10 budn,..
If )'.., Cash Surr.nd,r ValulI 5
N,I Prac"d. Po)'abl'l 5
9.
Own.r 0' Policy
Old Ih, d,ced,n'.." or Irons'.r "ocle of Ihl. campony wllhln on. )',or prior 10 d.olh if Ih. dot, of d.oth was on or oft., 12113182 or wilhln Iwa )"0" I' Ih. dot,
0' d.ath was prior 10 12/13/82,0 V,. I!J No
If)'..:
. OP SHARES
TRANSFEREE OR PURCHASER
OATE
AMOUNT
10. Old Ih. corporation ho.... an 'nl.r.., 'n olh" corporation. or portn,uhlp.' V" No
If )"', report the n.Cluary Infcrmollon on 0 "parOl, .h..l, 'ncluding Sch.dul, "C.I" or "e.2" for loch Int"..I.
11. Was there a wrlll'n .harehold,,.' ogr..m.n'ln .H,et at Ih, 11m. of Ih, d,ced,nt'. d,olh' OV" DNa
If )"', ollach copy of ogr..m.nl.
12. Wo, Ih. dIC,d,nl'..tock .old' OVtt OONo
If )"', pro...ld. a cop)' a' Ih, csrum,"' of '01., ,tc.
13. Was the corporation dl..ol....d or Ilqulda,.d oft., ,h, dec,dlnt'. d.ath' Ov,. ~No
If )'11, pro...ld. a breakdown 0' IIquidallol1 dhlrlbutlon" .tc. Alloch a 'Iporol. .h..,.
I". PI.o.1 subml' Ih, following Information wlrh Ihls "hedull!
A. A dllall,d d.mlprlon .howlnG .h, m"had of computation ullllnd In Ihl ...oluollan of Ih. dlCld,nl'..laclc,
8. C.mpl.t. copl.. ., J;.andal ".'.....to .. compl.'. c.pl., 0' Ih. F.d".1 Ta. Ru,,", IF.d".1 Fo,m 1120) ro, ,h. y.o. 0' d..th and 4 p....dlng y.a",
C. A ,Iat'm.n' 0' dl...ld.nd. paid loch )'.ar, U.t thai' d.c1or.d and unpaid.
D. U.t nam" of OHlCl", ,olorl,., bonu... and any olh.r bin. fit. ,.c.lv.d from Corporollon,
E. If the Company owned reell ."ot., ,"bm" a lilt showln9 Ih, compllt. oddrt..". and e.tlmat.d Fair Marhl Volulls. If R.ol Ellotl
Apprelhols hovl bun .ICUlld, pl.a'l attach copl...
F, lltt prlndpal .tockhold". 0' dOl. 0' d,ot~, numb.r of .har.. h,ld, and "Iol/on.hlp to d,ced.nt.
,
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15. ALL OTHER INFORMATION RELATIVE TO AFFIXING THE TRUE VALUE OF THE DECEO!NT'S INTEREST SHOULO ACCOMPANY THIS SCHEDULE.
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REV -1507 EX . (l.8I)
SCHEDULE D
MORTGAGES AND NOTES
RECEIVABLE
PI.BI. Print or T .
FILE NUMBER
21-95.0497
COlol.~_MbYAHIA
ESTATE OF
Mary A. Sheaffer
ssg 544-12-1159
05/16/1995
ownod wRh tho RI hI 01 SUfYlvorahl mUll be dll.loood on S.hodulo F.)
DESCRIPTION
$5,000.00 Note from Sheaffer
Bros. InD., datsd January
13, 1989, 8~ accrued
interest
VALUE AT DATE
OF DEATIl
6,850.00
26,675.18
2
$21,000,00 Note from LeTort
\!arshouse Inc., dated June
1, 1988, 8Y. accrusd interest
TOTAL (Also ontor on llno 4. RI.a hulatlon)
(II moro spa.o Is noodad, Insortaddhlonal sheots of same slzo.)
CoP'lrl\tht (e) 1194 form IOltw". onty CPSyallmS.lnc.
$ 33 525.18
form 1500 khodulo D (Ra.7.8I1
."
REV-II,aD. (2.17)
eot.l.rrm.~gMbYAHIA
ESTATE OF
SCHEDULE G
TRANSFERS
Plelll Print or T .
FILE NUMBER
21-95-0497
Mary A. Shsaffer SSO 544-12.1159 05/16/1995
THIS SCHEDULE MUST BE COMPLETED AND FILED 'I' THE ANSWER TO ANY OF THE QUESTIONS ON PAGE 2 tS YES
.
ITEM DESCRIPTION OF PROPERTY EXCLUSION TOTAL VALUE DECO'S . DOLLAR VALUE OF
NUMBER ",I~~ud' III"" of Ihl ~~~:':rt!~~. OF ASSET -'.INT. DECEDENT INTEREST
II I d.c:ed."d.., .,
1 Dauphin Deposit Bank & Trust 27,501. 91 27,501.91
Compsny, IRA acct.
00264381001 (confirmstion
attached)
.
.
,
'.
, ..
.
TOTAL IAlso Inler on line 7, Rlceakulatlonl S 27 501. 91
(It more Ipac. Is nlld.d, Ins.~ additional shillS of Slmo sin.)
CopyrSght (e) 1114 'Ofmea'twlll onf1 CPSYltlms, lnc.
Form 1500 .chod'" G (....2-17)
.~ ...
REV. tllllOC. (7.aa)
SCHEDULE H
FUNERAL EXPENSES,
ADMINISTRATIVE COSTS AND
MISCELLANEOUS EXPENSES
PI.... Print 0' TyP.
fiLE NUMBER
21-95.0497
COl.t.~_Mbl'ANrA
ESTATE OF
Mar A.
ITEM
NUMBER
A.
Sheaffer
SS 544-12-1159
05 16 1995
DESCRIPTION
AMOUNT
Fun.ral Exp.n...r
Carliele Memorial Servics,
Inc. - inseription
1
2
First United Msthodist
Church., reception after
funsral
3
Hoffman-Roth Funeral Hems,
Inc.
6,591.70
B.
AdmlnlltrlUVI COlli.
P.rsonal Rep..lentadve Commlsllons
Social 5ecurlly Numb.. 01 Pe"onal Rep..I.ntaUve:
VOl' Cummlsllons plld wa1 vsd
1.
z.
Attorney f..1
Irwin, McKnight & Hughss
31,000.00
3.
FlmIIy Exempl/on
Clalmanl none
Add..l. of Clalmanl II decedent'. delth
Str..l Add".1
City
5l.tle _ Zip Code
RllaUonshlp
4.
Prob.sll F...
Rsgister of Wills
392.00
C.
Mllcllllnooul Expen,,",
Cumberland Law Journal
estate notics publication
1.0.00
1
2
BJ's Lawn Ssrvics, lawn
care/snow removal
728.75
3
Cresnawalt & Company,
preparation of 1994 personal
income tax rsturns
420.00
4
Notary Public fess
5
,
Patricia A. Rosendals, CPA,
preparation of 706 tax
rsturn
450.00
24.00
(see continuation schedule attached)
Total of Continuation Sehedule(s)
885.88
TOTAL (Also .nler on line 9. RecI kulaUonl
(II mOil IplCI II needed, Inl.rt Iddltlonl"h..1I 01 11m. ell..)
Copyrtght (c) IRe 'C,," ac'lwll. only CPSYSletnl,lnc.
S 40 687.33
Form 1500Schtdw. H(Rh'. 7.aa)
65,00
90.00
0.00
0.00
.~. ."
Estate of: Mary A. Sheaffer SSO 544-12-1159 05/16/1995
CONTINUATION SCHEDULE
Continuation of Schedule H.C
ITEM
o
DESCRIPTION
AMOUNT
6 Patricia A. Roeendale, CPA, 100.00
preparation of fiduciery
inccms tax returne
7 Rsgister of Wille, 2 ehort 6.00
certificates
,
8 Register of Wills, filing 25,00
fse
9 Ths Ssntinel - estate notice ) 68,84
publication
10 Settlsment ch.arges for real 261.04
estate
11 Spahr's Antiques-Auctions, 100,00
appraisal fse
12 Stevs Naugle, trash removal 75.00
13 Stsvsn W. Barrett Rsal 250.00
Estats, appraisal fee
................
885,88
.
.*
REV. 1113 EX + (2..7)
CO"'tmmWl41bU,NI>>'ANIA
ESTATE OF
SCHEDULE J
BENEFICIARIES
Mar A.
ITEM
NUMBER
FILE NUMBER
21-95-0497
Sheaffer
SS
544-12-1159
05 16 1995
NAME AND ADDRESS OF BENEFICIARY
RELATIONSHIP
AMOUNT OR
SHARE OF ESTATE
1
A. Taxable BlqulSt.,
Paul S. Shaaffer, Jr.
256 Old Stone House Road
Csrlisle, PA 17013
one-half
son
2
Judi th. S. Derr
38 Rustic Drive
Shippensburg, PA 17257
daughter
one-half
ITEM
NUMBER
NAME AND ADDRESS OF BENEFICIARY
AMOUNT OR
SHARE OF ESTATE
B. Charitabll and Govllnmental Blqulsts:
TOTAL CHARITABLE AND GOVERNMENTAL BEDUESTS (Also Inlll on linl 13, Rica nulatlon)
(If more space Is needed, Insln additional sheets of same size.)
Copyrl9ht (c;) 1"4 'orm ~tlw.r. only CPSYlllms.lnc:.
$
0.00
Farm 1&00 Schedule J (R,v. 2-87)
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COMMONWEALTH OF P"ENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
DEPARTMENT 280601
HARRISBURG, PA 17128-0601
September 17, 1996
Telephone
717 783-5625
R0ger B. Irwin
Irwin McKnight & Hughes
60 W. Pomfret 51.
Carlisle, PA 17013
Re: Estate of Mary A. Sheaffer
File Number 21 95-0497
Dear Mr. Irwin:
Our review of certain Items on the Inheritance Tax return Indicates that the estate's valuation of
the decedent's Interest should be adjusted as follows:
Letort Warehouses, Inc, $1,293,000
Sheaffer Brothers, Inc. 276,000
If you have any additional Information that would affect our determination, It must be submitted
Immediately. If you do not contact this office within fifteen (15) days, the Inheritance Tax return will be
adjusted to reflect the above values.
Sin rely, ~
Ludw 't~ ~
Business Valuation Specialist
Inheritance Tax Division
-"
(())
\
---.'--~-"._'- ,.-
.
.'
MARY A SHEAFFER
BOARD DOCKET NO. 9700309
Page 2 of 2
15% and Inventory by 25% and gave an overall 10% discount for miscellaneous
liquidation expenses, the Department valued the major assets of the corporations, their
real estate, at their fair market values at the time of the decedent's death. Therefore,
while Letort Warehouses, Inc. was carrying the real estate on Its books at $185,000.00,
its acquisition cost less depreciation, and Sheaffer Brothers, Inc. carried the real estate
at $28,000.00 , the Department used the "computed value" approach to determine the
fair market value of the properties at the time of death to be $1,900,000.00 and
$800,000.00, respectively, Petitioner has submitted no evidence such as a
professional appraisal which would show that the date of death value of the real
properties was less than the values used by the Department and has, In fact, failed to
submit any additional evidence or information regarding the valuations.
Accordingly, It is hereby, Ordered thatlhe protest is denied.
. \ .' . 1
The app'raisement and assessment shall stand as filed,
. FOR THE BOARD OF APPEALS
~12~
Ja5eph R. leek, Member
A STATEMENT OF ACCOUNT WILL BE MAILED TO YOU BY THE BUREAU OF
INDIVIDUAL. TAXES. ."
ANY APPEAL FROM THIS DECISION MUST BE FILED WITH THE ORPHANS'
COURT WITHIN SIXTY (60) DAYS OF RECEIPT OF THIS DECISION.
IF YOU REQUIRE THIS INFORMATION IN AN ALTERNATIVE FORMAT UNDER THE
PROVISIONS OF THE AMERICANS WITH DISABILITIES ACT OF 1990, CALL
(717)783-3684 OR TOO (717) 772-1763 (HEARING IMPAIRED ONLY).
I'
CERTIFICATE OF SERVICE
I, James D. Hughes, Esquire, do hereby certifY that on this date I have served a
true and correct copy of the foregoing document, Petition of Appeal of Decision of the
Department of Revenue, by first-class United States Mail, postage prepaid in Carlisle,
Pennsylvania, 17013, upon the following:
Commonwealth of Pennsylvania
Department of Revenue
Board of Appeals
Dept. 281021
Harrisburg, Pennsylvania 17128-1021
By: .
HT & HUGHES
. .
oger. , Esquire
Supi'e Court ID # 06282
Ja s D. Hughes, Esquire
preme Court ID # 58884
West Pomfret Professional Building
60 West Pomfret Street
Carlisle, Pennsylvania 17013
(717) 249-2353
. Attorneys for Petitioners,
. Judiih S. Derr, Executor and
Paul S. Sheaffer, Jr., Executor
Dated: November 14,1997
.'
.
..
eo
IN THE COURT OF COMMON PLEAS
CUMBERLAND COUNTY, PENNSYLVANIA
IN RE:
ORPHANS' COURT DIVISION
ESTATE OF MARY A. SHEAFFER,
DECEASED
NO. 21-95-0497
ANSWER TO PETITION OF APPEAL
TO THE HONORABLE JUDGES OF SAID COURT:
AND NOW, this
day of December, 1997, the Commonwealth
of Pennsylvania, Department of Revenue, through its Office of
Chief Counsel, by Vicky Ann Trimmer, Senior Assistant Counsel,
respectfully responds to this Petition as follows:
1. Paragraph 1 is admitted.
2. Paragraph 2 is admitted.
3 . Paragraph 3 is admitted.
4. Paragraph 4 is admitted.
5. Paragraph 5 is admitted.
,')~) \l')
6. Paragraph 6 is admitted. t ;.; .,J
l;:l
7. Paragraph 7 is admitted. t=j
-'
8. Paragraph 8 is admitted. Cl
::, is .-'
9. 'Paragraph 9 admitted. .,
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10. Paragraph 10 is admitted.
1l. Paragraph 11 is admitted.
12. Paragraph 12 is admitted,
13. This is conclusion of law to which no response is
required. To the extent a response is required, it is
specifically denied that the Department's valuation of the
decedent's assets is incorrect. The value of both entities is
reasonable based on the information submitted to the Department,
WHEREFORE, the Commonwealth of Pennsylvania, Department of
Revenue respectfully requests that this Court dismiss the appeal
and sustain the September 15, 1997 Decision and Order of the
Board of Appeals.
Respectfully submitted by,
/~L4 ...,
Vi"dy Ann Trimmer -.
Senior Assistant Counsel
Attorney for Respondent
PA Department of Revenue
Office of Chief Counsel
Dept. 281061
Harrisburg, PA 17128-1061
Attorney I.D. No. 49679
,
COMMONWEALTH OF PENNSYLVANIA
ss
COUNTY OF DAUPHIN
The undersigned, being duly sworn according to law,
deposes and says that he is the Chief, Inheritance Tax
Division for the Department of Revenue, that he is
authorized to make this affidavit on its behalf and that the
averments of the foregoing Answer are true and correct to
the best of his knowledge, information and belief.
Sworn to and subscribed
before me this 9
day
, 1997.
of~
~ r' (Me
........NOTARY PUBLIC
NOTARIAl SEAl
SANOAf< K. AllEMAN, Notary Public
Harrisburg PA Dauphin CounlV
My Commission Expires May 8,1999
,""
.
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.
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IN THE COURT OF COMMON PLEAS
CUMBERLAND COUNTY, PENNSYLVANIA
IN RE:
ORPHANS' COURT DIVISION
ESTATE OF MARY A. SHEAFFER,
,
DECEASED
NO. 21-95-0497
APPEARANCE
To Mary C. Lewis, Clerk of Orphans' Court:
Please enter ~ appearance for the Commonwealth of
Pennsylvania, Department of Revenue, Respondent in the
above-captioned matter.
Date: ll_f-'i7
'/;1;' dL ~
~;Jly' Ann Trimmer
Senior Assistant Counsel
Attorney for Respondent
PA Department of Revenue
Office of Chief Counsel
Dept. 281061
Harrisburg, PA 17128-1061
Telephone: (717) 787-1382
Attorney 1.0. No. 4t~9 'Q
p' ~.~..:
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Certified ~
Correct CtJ.T-
IN THE COURT OF COMMON PLEAS
CUMBERLAND COUNTY, PENNSYLVANIA
IN REI
ORPHANS' COURT DIVISION
ESTATE OF MARY A. SHEAFFER,
DECEASED
NO. 21-95-0497
APPEARANCE
To Mary C, Lewis, Clerk of Orphans' Court:
Please enter my appearance for the Commonwealth of
Pennsylvania, Department of Revenue, Respondent in the
above-captioned matter.
Date: /Z-'i-<j7
~4L~
vic Y'Ann Trimmer
Senior Assistant Counsel
Attorney for Respondent
PA Department of Revenue
Office of Chief Counsel
Dept. 281061
Harrisburg, PA 17128-1061
Telephone: (717) 787-1382
Attorney I.D. No. 49679
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IN RE ESTATE OF MARY A.
SHEAFFER
: IN THE COURT OF COMMON PLEAS OF
: CUMBERLAND COUNTY, PENNSYLVANIA
ORPHANS' COURT DIVISION
No. 21-95-497
ORDER OF COURT
AND NOW, this -gll~ day of April, 1998, upon request of counsel for Judith S. Derr
and Paul S. Sheaffer, Jr., Executors of the ESTATE OF MARY A. SHEAFFER, Appellants, and
in concurrence with counsel for the Pennsylvania Department of Revenue, Appellees, the hearing
de novo scheduled for April 8, 1998, is hereby cancelled.
A new hearing is hereby set for Wednesday, August 19, 1998, at 9:00 a.m., in Courthouse
Courtroom Number 2.
J.
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IN THE COURT OF COMMON PLEAS
CUMBERLAND COUNTY, PENNSYLVANIA
IN RE:
ORPHANS' COURT DIVISION
ESTATE OF MARY A. SHEAFFER,
DECEASED
NO. 21-95-497
ENTRY OF APPEARANCE
To: Robert C. Gwin
Clerk of Orphans' Court:
Please enter my appearance for the Commonwealth of
Pennsylvania, Department of Revenue, Respondent in the above-
captioned matter and remove as counsel, Vicky Ann Trimmer, Esq.
Counsel of record, Vicky Ann Trimmer, Esq., left the Office
of Chief Counsel of the Department of Revenue, on January 5,
1998. Therefore, she will not represent the Department of
Revenue at the currently scheduled April 8, 1998 hearing or at
any further hearing(s) sche
Date: 4c. -98
mberti
sel
PA Department of Revenue
Office of Chief Counsel
Dept. 281061
Harrisburg, PA 17128-1061
Attorney I.D. 26157
(717) 787-1382
B. Irwin, Esq.
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j
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXEB
OEPT.2B06Dl
HARRISBURG. PA 1712B.06Dl
'*'
NO. AA 296603 REV.ll0'" 111'''1 .
PENNSYLVANIA
INHERITANCE AND ESTATE TAX
OFFICIAL RECEIPT
RECEIVED FROM:
r
ACN
ASSESSMENT
CONTROL
NUMBER
AMOUNT
IRWIN ROGER B ESQ
60 W POMFRET ST
CARLISLE, PA 17013
101
'21,201.00
.,
;
fOlD HERE
~H'~'j
ESTATE INFORMATION:
FILE NUMBER
, ~
NAME OF DECEDENT lLASn
(FIRSn
(MI)
OATE OF PAYMENT
I
I
I
I
.1
"
i
POSTMARK OATE
COUNTY
I"IIMR"'RI ANn
OATE OF OEATH
TOTAL AMOUNT PAID
sel ,eOl.00
REMARKS ROGER B IRWIN ESQ.
.1
I
SEALt:HECKII 13ge9
I
F I~ILLS )/{'I.fAI ..c9f~
REGISTER OF WILLS
~~.~~~-----------:-:"_~-::::-:.-:::;:-=-::-----::;,7'7" -7"7'-_~.-:-_~.---_L_":""':7;:-::-:-,~._..~.,(.>.~_~~<-.;,7_.
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3. Subsequent to inititing this inheritance tax
litigation, the Estate hired a certified real estate appraiser to
determine the fair market value of the decedent's real estate at
the time of decedent's death. The certified appraiser submitted
a certified appraisal to Estate's counsel in late June of 1988
and counsel immediately forwarded a copy of the appraisal to the
Department's Office of Chief Counsel.
4. Based on the fact that (a) the Department's date of
death fair market values for these real estate parcels, which was
utilized in arriving at its appraisement, were SOlely premised
upon the product of their county assessed values times the
applicable county State Tax Equalization Board (STEB) ratio; and,
(b) because the Department chose not to expend the costs
necessary to obtain its own certified real estate appraisal for
these parcels, the Department has chosen to utilize the Estate's
real estate valuations to represent the SUbject parcels' date of
death fair market values.
5. Utilizing these valuations, the Department has
calculated that the Estate owes additional inheritance tax in the
amount of $17,248.00 and additional interest of $3,953.00 as of
September 1, 1998, for a total additional Pennsylvania
inheritance tax liability due of $21,201.00 as of September 1,
1998, (see attached worksheet) .
-2-
15"--L/~~,-/
.
BUREAU OF INOIVIOUAL TAKES
I~'AHCE lAX DIVISION
DEPl'. 11I0601
HARRISIURO, PA 11128-0601
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
INHERITANCE TAX
RECORD ADJUSTHENT
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
G
ROGER B IRWIN
IRWIN ETAL
60 W POHFRET ST
CARLISLE
09-25-1998
SHEAFFER
05-16-1995
21 95-0497
CUMBERLAND
101
A.coot H..l tt.d
PA 17013
*'
In.IIU..'" II'.UI
HARY
A
MAKE CHECK PAYABLE AND REMIT PAYMENT TOI
REGISTER OF WILLS
CUHBERLAND CO COURT HOUSE
CARLISLE, PA 17013
NOTE. To 1naur. proper cradit to your account, aub.it the upper portion of this fora with your tax pay..nt.
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~
iiEIi:i593-Ex-"j:p-fiJ9-:9:rf-----iii-iNHEiiiY"Nc€-TAx-i~Ecoiiir-"Dj-tiS'i'H€N'i'ui.----um---mmu----m--
ESTATE OF SHEAFFER
MARY
A FILE NO. 21 95-0497
ACN 101
ADJUSTHENT BASED ON.
VALUE OF ESTATE I
1. Ra.l Eat.t. (Schedul. A)
2. Stocke and Bond. (Schadul. B)
3. Clo..ly Held Stock/Partnerahip Int.r..t (Schedule C)
4. Hortgagea/Not.. Receivabl. (Schedul. OJ
5. Ca&h/Bank Depoaita'Hiea. Pareonal Property (Schedule EJ
6. Jointly Owned Prop.rty CSchodu1. FI
7. Tranafara (Schadul. 0)
8. Total A...t.
DEDUCTIONS AND EXEMPTIONSI
9. Funeral Expan.../Adminiatrative Co.tal
"lac.l1en.aua Expen... (Schedule H)
10. Oabt./Hortgag. Llabllltl../Llen. (Schedule I)
Total Deduotion.
N.t Value of Tax Return
Ch.rlt.ble/Governaentel Bequ..t.j Non-elected 9115 Tru.t.
N.t V.lue of E.t.t. SUbject to Tex
ADMINISTRATIVE CORRECTION
(1)
(2)
(3)
(4)
15)
(6)
C71
79.000.00
2.632.50
1.569.000.00
33.525.18
47.754.00
.00
27 . 501. 91
CB)
(9)
C101
40.687.33
848.25
CIll
n21
(13)
n4)
Il.
12.
CSch.dub Jl
13.
14.
TAXI
1S. ~ount of Lin. 14 .t Spou..l rat. (1&)
16. ~ount of Line 14 taxabl. .t LinaaI/Cla.. A rat. (16)
17. Aaount of Line 14 t.xable .t Ccllat.raI/Cl.~. Brat. (17)
18. Prinoipal Tax Due
TAX CREDITSI
PAYHENT RECEIPT DISCOUNT C-)
DATE HUHBER INTEREST/PEN PAID C-I
.OOK.OO'
1 ,717 .878.01 K.06'
.OOK.15'
nBI
AHOUHT PAID
08-16-1995
02-16-1996
08-28-1998
09-24-1998
AA048117
AA1l2515
AA296603
WRITEOFF
1,526.32
.00
.00
.00
29,000.00
4,775.04
21,201. 00
62 348.21
TOTAL TAX CREDIT
BALANCE OF TAX DUE
INTEREST AND PEN.
TOTAL DUE
DATE
09-25-1998
1.759.413.59
41.535.58
1.717.878.01
.00
1.717.878.01
.00
103.012.68
,00
103.012,68
103 012,68
.00
.00
.00
. IF PAID AFTER DATE INDICATED, SEE REVERSE
FOR CALCULATION OF ADDITIONAL INTEREST.
IF TOTAL OUE IS LESS THAN .1. NO PAYHENT IS REQUIRED.
IF TOTAL OUE IS REFLECTED AS A "CREDIT" ICRI, YOU HAY BE DUE
A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS.)
PA't'IIEHT.
REFlICDCCRh
IItPLV
TDI
D1SCOl1fT.
PENALTY.
INTERf:ITI
'-
-.
DetMlh the top portion of thh MoUo. WMI __It ..Ith your PtIYHt1t ude p.Yllbla to ttM .... -.d ....r...
print... on the rn.r.. .1..,
.... .... check or MMY ordtlr payllbl. to. REGISTER OF WILLS, AGENT,
A rafund of . ta. cradlt. which .... not r.qu..tect on the T.. Raturn. NY be r....u... by cOllp!etlna ..
"AppllHUon far Raknd of Penn.YlY..la Inherlt~a -.Mt ht.ta T.... CREV"'l:n3), Appllc.tlon. .ra av.llebla at
ttM OffJae of the R-ahtar of tllll.. ..y of the 23 RIVWKM D"trlct Dfflc.. or fro. ttM Pep.r......t.. 24.hour
enlWrlna ..rvlc. ....r. for fo,... orderlngl In Penn.YIVWlla l-100-362-Z.5., outside Penn'Ylvenl.
end ..Ithln lOAI "-rrhburll ar.. (7171 717-8094, TDD. (717) 772-22.52 C....rlng IlIPalrad only).
Que.tlon. r....rdlng arrora contained on thla notlc. ~Id be .adra'aed to. PA Dapert.ant of Rav~, Iur..u
of IndlvldtMl Tax.., ATTNI Post A....annt Ravl... Unit, Dept. 210601, Her..hbura, PA 17121-060l, Phone
(717) 787-6505.
11 MY t.. due h p.ld ..Ithln thr_ C31 c.lander IIOf1th. aftar the decadent.. death, a flva ~..c."t U%) d"count
of the t.. paid I. allowed.
The 15X ta. .....tY non-p.rtlclpatlon ,.,.1 ty Is COllpUted on the total of the t.. and Inta....t ......ed, ..-xl not
paid btIfor. Janua..y II, 1996, the flr.t day ana.. the end of tha ta. ..,..ty perIod. .
Inta....t Is charged beglnnlna with flrat day of dellnquancy or nine (91 IIOf1th. and ana Il) ct.y froe the ct.t. 0'
death to the dIIt. 0' pay..nt. Taka. ....Ich bec... dtlllnquant belfora January 1, 1912 tNar Intar..t at the rat. of
al. (6X) percent ~r annua calculated at a dally rata of .000164. All t.ka. which bee... delinquent on and a'ta..
January 1, 1912 will ba.r Intar..t at a r.t. which "Ill va..y froe calandar y.ar to calendar yaar with that rata
BMOUnCad by the PA Dapar......t of AavllOUe. The appllcebla Int.....t rata. for 1912 througl1 1"1 ara.
V.a.. Intar... A.t. D.lly Intar..t Factor V.ar Int.....t Rat. Dally Int.r~.t Factor
19IZ lDk .000541 1917 .k .0"247
1915 16% .000458 1981-1991 IU .00DSDl
1914 Uk .00030l I... Ok ....247
1915 ISk .000556 1993-1994 To< .000192
1916 IDk .000274 1995-199a Ok .000247
--Intar..t la calcul.tad a. followar
INTEREIlT . BALANCE OF TAX 1IIlPAID X HVlIBER OF DAYB DELIHQUEIfT X DAILY IHTEREBT FACTOR
--Arty NoUce luuad .fta.. the t.. bMu.aa delinquent will "'f1~t .. Inta....t calcul.Uon to flft..., US) day.
beyond the dIIt. of the .........t. If PDlfIIW1t Is .1Mfe .fta.. the Inta....t co.put.Uon dIIta shown on the
HotJ~, IlddIUonal Intar... ..,.t be cDlcul.ted.
~~,,",......._._... -.'""'-...-<
,- li'j ;/
/J. "rq - /
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAM DIVISION
MPl'. r80601
ItARlUSIURO, PA 17U.~D6D1
COHHONWEALTH OF PENNSYLVANIA
DEPARTHENT OF REVENUE
INHERITANCE TAX
STATEMENT OF ACCOUNT
L
*
II'.'U''','' I".'"
ROGER B IRWIN
IRWIN ETAL
60 W POHFRET ST
CARLISLE
DATE
ESTATE OF
DATE OF DEATH
FILE NUHBER
COUNTY
ACN
09-28-1998
SHEAFFER
05-16-1995
21 95-0497
CUHBERLAND
101
A.OW'It R..l U.d
HARY
A
PA 17013
HAKE CHECK PAYABLE AND REHIT PAYHENT TOa
REGISTER OF WILLS
CUHBERLAND CO COURT HOUSE
CARLISLE, PA 17013
HOTEl To lnaur. proper cradit to ~our acoount, aub.lt the upper portion of thla fD~ with your tax pay.ent.
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~
R'Ev:iliiWEX-"i:jQO;,-:97rm--...--iilHERiTAiicE'-;:Ajc--STATEiiifti;:-OTAifcoriiW-.-i.-----------------m-
ESTATE OF SHEAFFER HARY A FILE NO.21 95-0497 ACN 101 DATE 09-28-1998
THIS STATEHEHT IS PROVIDED TO ADVISE OF THE CURREHT STATUS OF THE STATED ACH IH THE HAHED ESTATE. SHOWN BELOW
IS A SUHHARY OF THE rRINCIPAL TAX DU~, APrLICATIOH OF ALL PAYHEHTS, THE CURREHT BALAHCE, AND, IF ArrLICABLE,
A PROJECTED IHTEREST FIGURE.
DATE OF LAST ASSESSHENT DR RECORD ADJUSTHENT, 09-24-1998
PRINCIPAL TAX DUE I. 103,072.68
PAYHENTS CTAX CREDITS),
PAYHENT RECEIPT DISCOUNT C+) AHOUNT PAID
DATE NUHBER INTEREST/PEN PAID C-)
08-16-1995 AA048117 1,526.32 29,000.00
02-16-1996 AA112515 .00 4,775.04
08-28-1998 AA296603 .00 21,201.00
09-24-1998 WRITEOFF ,00 62,348.21
. IF rAID AFTER THIS DATE, SEE REVERSE
SIDE FOR CALCULATIOH OF ADDITIOHAL IHTEREST.
I IF TOTAL DUE IS LESS THAH .1,
HO rAYHEHT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CRI,
YDU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORH FOR IHSTRUCTIOHS. I
TOTAL TAX CREDIT
BALANCE OF TAX DUE
INTEREST AND PEN.
TOTAL DUE
103,072.68
.00
.00
.00
!j',
,.
'j<
,-.
,':
PAY'EKh
DetKh ttM top porU~~G~f_:th" MoUe. ... ....U ..Uh your p.y___t Nde p.".tIl. to the ,... MCI addr...
prl"t~ on ttM r.v.r.. .I~.
.._ Jf RfS1DOCT DECEDENT uk. chtick or IIOMY ordllr p.y.tll. tOI REGISTER OF WILLS, AGENT.
.... Jf .....REIIDOfl' DECEDENT ... chack or lIOflay orc'-r p.yabl. tal CottttOHWEAL TH OF "E~SYLVAHIA,
REFUND CCRh A nfund of . tax er~U, Mhlch .... not r.qua.tad on the T.. R.turn, _y be r.qu..ttld by c.,I.Una WI
-AppllAUon for R.f\nd of PllfV1~IVM1. InhlirUanc. wKI Est.t. To. CREV-ISIS). ""Ue.Uon. ara nlUIlbI. at
~ Office of the Regl.tlr of Will., eny of the fS R.v~ DI.trlct Off Ie.. or fr~ the o.p.rt-.nt'. I~.hour
en....rlna ..rvlGe ~r. for forI' orderinal In PlIfV1.ylvenla 1-eOO-362-2050, out.ldII Penn.ylv.nl.
MCI ..ithln local Harrl~rl ar.. (717) 787.e094, TOOl (717) 772-2252 (Halrlna lep.lred only).
REPLV TO. Que.tlon. reg.rdlna .rror. contained on thh notice IhoUld ~ Mktr...ed tOI PA o.p.rbMlnt of A.v..,...., lun'"
of IndlvldUai T...., ATTNI Po.t A......-nt Ravlew unit, Dept. 21D601, Herrl~ra, PA 17121.0601, ~
(717) 7'7"65'5.
DISCOUNTI If eny tax clue 11 p.ld .,Uhln thr.. (5) call1nd.r IKIftth. .ft.r the ac.,..,t'. dMth, . flv. percent (5%) discount
of the tax paid I. .llowed.
PENAL TVI TM 15% t.. ....tv non-p.rtlclp.Uon panel ty Is ~ted on the tot.l of ttM t.. and Int.r..t ......eet, and not
p.ld before January 11, 1996, the flr.t d.y .ft.r the and of the t.. ~.ty period.
INTEREST I Int.r..t is eharpd b.alMlna .,lth flr.t d.y of d.Unq\MflClY, or nln. (9) IIOf1th. wKI OM (1) day frOll the dlt. of
c'-.th, to the dIIta of pay...,t. TIIlXI. w,lch tMe... MlInque,nt b.fore January 1, 19U bI.r Int.r..t .t the rata of
.i. (lX) percent p.r ~ c.lculatad at . dallY r.ta of .DDDI64. All taMa. which b.e... delinquent on and .ftar
J~ry 1, 1902 will bear Intera.t at a rat. which will vary frOll c.lendar y.ar to cal~ar y.ar ..Ith that rat.
~ad by the PA Oap.rt-.nt of R.venue. Tha .ppllcabl. lntar..t rat.. for 1952 through 1998 ar..
V..r Inter..t R... D.Uy Int.r..t factor
V..r
Int.rllt Rata
O.lly Int.r..t factor
1912
1985
19..
19115
1'16
"-Intaralt
zaX .ODD548
16% .0'0~55
llX .000501
15X .0DOS56
lOX .000Z7~
I. calculated .. follUMl1
1987
190-1991
199Z
1995.1994
1995"1998
,.
11'
,.
7X
,.
.0002~7
.OD0501
.000247
.OOD192
.DODU7
IHTEREBT . BALANCE OF TAX UNPAID X NUnDER OF DAYS DELINQUENT X DAILY IHTEREBT FACTOR
"-Any ~tlc. 1.lued aft.r the ta. bac~. delinquent will raflact ~ Intar..t calculation to flftean (IS) day.
beyond the data of ttM ......lNnt. If p.ynnt II Hda .ftar the lnt.r..t c~tatlon dIIt. shown an the
Hotlc., additional Int.r..t .o.t be calculatad.
STATUS REPORT UNDER RULE 6.12
Name of Decedent:
MARY A. SHEAFFER
Date of Death:
MAY 16. 1995
No. 21-95-0497
Pursuant to Rule 6.12 of the Suprcme Court Orphans' Court Rules, I rcport the following
with rcspect to completion of the administration of the above-captioned estate:
1. State whether administration of the cstate is complete: _ Ycs .1L No
2. If the answer is No, statc when the personal rcprcscntativc rcasonably believes that the
administration will be completc: undeterminable
Date:
OJ!!
w1=
u.~
l':":-
Cia
-go;
cUi
Jl
3. If the answcr to No. I is Yes, state the following:
a. Did the pcrsonal reprcscntativc file a final account with the Court?
Yes No
b. The scparate Orphans' Court No. (if any) for the personal rcpresentative's
account is:
c. Did the personal representative state an account informally to thc parties
in interest? _ Yes _ No
d. Copies of receipts. relcascs, joinders and upprovals of formal or informal
accounts may be filed with the Clerk of Orphan's Court and may be
aUaehed to this rcport.
06/04/98
N ~g:
~ :1l1~
.- 0
"-l -
Q.. . d
'U
I{' g
~ .f~
~' ~
~ ~a
~~.cil
Signalure (" ~
IRWIN, McKNIGHT & HUGHES
ROl!er B. Irwin. Esquire
Name (please Iype or print)
60 Wcst Pomfrct Street
Address
Carlisle. PA 17013
City, Slale. Zip
(717\ 249-2353
Telephone Number
Capacity:
Personal Represcntative
Counsel for Personal Rcprcscntutive
x