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Home My WebLink About96-00581 " , c, ~Mt ttAIII III I I "'.IIIIlH ,1'.\ \,...... r IIlm..- I Illdtl\I'.,II'A /.) I J 0- . 1IIItlIHI.\ Wlt.'Af'I,tl'''' UP(f), ' 1lIIIIl ( '.IIII'.'J."t,.,'H, . I'; }j(J(fL., ItlllIl. I ,'do,II'I,II\ '. I',' McKoNLY~ AsBURY July 23, 1996 '-11 '-1UII\~i 1'-'.\II~H^,~ Ul'.)11I1I1 (d 'I Hll1l1ll I'IJIII H fIll' 11"41 :.!. ", I'"HI'IYI VArllA lt~'.lIll1lt I" f1IUIIIlIJ I'\lillll NIIlIJtH/,Ill', nllllrlED I'UIILlC I\CCOUN IAN 15 REGISTER OF WILLS CIlHBERu.ND COUNTY COURTHOUSE CARLISLE PA 17013 Re: F. William Saul Estate Inheritance Tax Return SS 1/192-24-2325 To Whom It May Concern: We are the accountants for the above referenced estate. We request abatement for any penalties in reference to late filing of this return for the following reasons: 1. In 1981 the Sauls established three revocable trusts, one in William Saul's name, one in Mary Saul's name and one in joint names. 2. The Sauls resided in Kansas. 3. The Sauls relied on counsel and were advised that the trusts would avoid probate (the Sauls were not aware and assumed that it also avoided any inheritance taxes). 4. Mr. Saul took care of all financial decisions and investments. 5. The Sauls moved to PA in the early 1990's and were represented by local counsel in drafting a new will. 6. Upon Mr. Saul's death, local counsel did not advise or contact Mrs. Saul regarding filing of any inheritance tax return. 7. Mrs. Saul, through her 1980 meetings with counsel and Mr. Saul's continuous reassuring her that no estate taxes were due and the lack of the local counsel's follow up after Mr. Saul's death, was unaware that inheritance tax was required. 8. Upon the preparation of her most recent tax return, 1 discussed her estate situation and the impact of the revocable trust on her estate and 1 discovered that William Saul's inheritance estate tax return was not filed. It,11I ',IHIII . C Af.1I' 11111. I'A ,,'011 ., ',',,\ /'1111. lAX tll!l ,'(,1 :'J.'" l~] ""AIII~UI AllIH\! ~;S "0 IIOX I' \ I IIAHIO'llllll\Cl. I'A I till') V ..[Y.UA.nL.... .lIftll , !/ \~ po \!! ~~.. U"~ W...U ",00 U.... ...01 ~ IE Ww "i "0 0... u.. J:..j' - / J(..5 INHERITANCE TAX RETURN RESIDENT DECEDENT (TO BE FILED IN DUPLICATE WITH REGISTER OF WILLS) L'/ ran DAUB OF D[ATtt NTEfl 12131101 ctt[CK UERt IF ^ SPOUSAL povrnTY ellEOIl 16 CLAlKO , ,5-;;/ 1ft, YEA" ,11 cowny CODE IE l!l w U w C COf,lM)flW( Al1tlor rlNNI" VNilA UU',N\TMNTor'UIJlNU[ b1PT.1UOOOl IlAl\IlISftUf\Q,PA'111nOllI1 mClUlN' 8NMllIlAlI,fIl81,AAUMUl>ll ItllllAll SAUL F. YllllAH &oew. BICUJ\l1YNUfotll" nAnO'I\II\111 Ulcllllf" pco""'ll n ",uum liS 604 ~HIIEFIElO ORIVE HECIIANICSBURG. PA, 170~~ Co~'" CUMBERLAND NUMlER UAlt 0' Ul AlIt '92.24'232~ 1/05/92 (I "'UClItIIIUIIVIYIUlnUn'NUIl UAU"IIII1IJ1DMDDlIlJlnUJI SOCiAl s( cunnv NUUJ[ n 317.4B.0042 N,lJutnmC(MO 1&[[ INsmUCTkHl&1 SAUL. MARY G. [J 1. OrlglMl R.1Um o 4. UlTilod E..... o o 3, R.rnnlnd., R.1Um (10' datos of dluuh prior to 12-13-82J o 6. Fed.,oIEo..toTox Return Raquirod ~.__ 8. Total Nurmal 0lS810 Depo.it 80)(08 o 2. SupplamontBl R ebJrn o 40. Futu,elntoro8t Cafre-HorniG (lor dotol 01 deoth nltor 12. 12.82J 6, D.ced."IDiedT.ototo [J 7. D.ced.nIMlinUII"ed. LMng Tru" IAl\Och copvol Willi (Al\Och copy 01 TruoO ALL CORRESPONDENCE AND CONfiDENTIAL TAX INfORMATION SHOULD BE DIRECTED TO: NNJIf. CO.....Llll MNUNOAL!UIU&& CLARENCE E. ASBURY. CPA. nLEPIlONE NUt.tllR P.O. BOX 1331 HARRISBURG. PA, 17105 717-761-7910 z i ~ w .. 1. R.eI Eo"to ISchedul. AI 111..__......__....__.....____.. . .......__0 2, Stocks.nd BondolSchedlll. BI (2).......................,..--...,--.......0 3. CI08.IVH.ld Stockil'Or1l1."llip l"to,.oIISch.dlllo CI 131__......__....__..........__m.__.__....Q 4, Mortgog.o onrl Notoo R.colwblo (Schedul. 01 141..00__......00..............__.____ .....0 6. Calh, Bank Deposits & Mscellaneous Personal Property (5).._mum__m_h.__n__u____~m____~ ISchedlll. E I 6, Joindv O"",ed P,op.rty ISchedul. FI 7. T,onol." (Schedul. GIISchedul. LI 8. Total GrOll ABBOts (total Unea1.7) 9. Funeral E)ii>enaes, Adrrinlstrotivo Costs, Mscelloneous (91_nm_mm________num___~~~~~~ E)ii>ense8 (Schedule H) 10. Oobts, r./ongege liabilities, liens (Schedulo I) 11. ToW Deduc.o"O {to"l L1neo 9 & 101 12. NetValueofElltato (Uno8mnus Uno 111 13. ChoritDble and Govorrvnontal Bequests (Schedule J) 14. N.tVolu. Subj.ct 10 Tox Ill". 12lTinuo L1"O 131 16. Spousal Transfers (for datos of death of tor 6-30-941 See Instructions for Applicablo Porcentage on Rewrse Side. (Inc1udo wluea from Schodule K or Schodule M) 16. Amount of Uno 14tl1xnbleat 6%roto (Include voluos from Schedule K or Schedulo M) 17. Amount 01 Una 14 toxnble 8116D~ralo (Includo wluoa from Schedule K or Schedulo M.) 18. Principal toxduo (Add tax from Lines 16, 16 and 17.) 19. Credits Spousol pO\IUrtyCredit Prior Poymonts .................0 + ........____m...~ + .__.............Q (191 1201 161 171 o ...___n._______.__________...__________ 262766.00 ....___U_..__U___Uh.___U..._________ 181..__..............__.____.....z.~~.~~:.~~. o 1101 __nn....____.._n~ ________..___. ---- - 2665.00 .______..___ _____un_uu.___h. 260101.00 _...___n. _ n' ._______________.__________ o _n__~ ~_ n' .___n' ___hU_._n_______ 260101.00 (11) (12) (131 (141 .___u______. u_ nnU __n....U___uu____. 1161 NIA x. NIA 1161 260101.00 x ,06 15606.00 (171 .__00..__...........__.00__..__.0. x ,'6 u o z o ~ 5 ... == o U g (181, 15606.00 Intorettt Discount o o o 20. If line 1911 greoler thon Une 18, enter tho difforence on Line 20. This Is tho OVERPAYMENT. I!lD Chtcl< h...U you ",e 'fqu.o~"g t ,.lund of vour ovorpovm.nt. 21. ULlna18i_ greater than Une 19, enter tho differonce on Line 21. This Is the TAX DUE. A. Enter the Intorost on the balance duo on Line 21A. B. E"..'th.....! 01 Lin. 21 .nd 21A 0" LIne 21B, Tllio iotho BALANCE DUE. Mok. Ch.ck P.Vtbl.IO' R.gloto' of Willo. Ag.nt 12tl (2'A1 121BI 15606.00 _....._____.n___u____ 4754.SS _."u__...... __2036.0,55 i>:;;': ' ~ ~'BE SURE TO ANSWER ALL QUESTIONS ON REVERSE SIDE AND TO RECHECK MATH 4 4 Under penaltiel of parjury,l daclare that I hBW exmrined this ratum.including aCCClf11lan~ng schedules and ItntemanlJ, and to the belt of my knowadgo and baliel, It II true, correct ond .corT1>le~.1 daclore thot 011 reol estate hos been reportod ot true market w1uo. Doclaration 01 preparer other thon th~ers9PaI repreaenl9tiva 18 baled on 81llnlolT1'\Quon of Wlich prepDrer hos vknowodgo. _ ",..4t.... z.. 3 , ~/ ~ StoN'" FPERSONR[6P ~IOLE Fe FUNDR[ N NJOREGS Tt J , ., . / , f"vv 604 YHITEFIELO OR. HECHANICSBURG PA. 0.. ,r ,"ont<Rnt rn,. 1M AIlOR'.. P.O. BOX 1331, HARRISBURG. PA. DA,!,J.. 31f~ OTf PM2021F.1 "[V.UID lit 111111 &:~~ COMMONW[AlIU Of '(NN~YlVANIA INUUIfANC[ I"X ."URN ___R(SIO(!!!.!'!.CID~!!L~__ ESTATE OF F. WILLI1IM SAUL SCHEDULE G TRANSFERS _,__ ________'____'________,,________ _.. _ ___ .. __PLEASE PRINT OR TYPE -~---- FTiifNT"-MBER-- THIS SCHEDULE MUST BE COMPLETED AND FILED IF TIlE ANSWER TO ANY OF THE QUESTIONS ON THE REVERSE SIDE OF THE COVER SHEET IS YES. ITEM DESCRIPIION OF PROPERlY TOTAL VALUE DECO, DOLLAR VALUE EXCLUSION ,::, OF DECEDENT'S NUMBER lndud. nom. al 'h"'ond"If.lh~j, ,,'afionship '0 d.e.d.nr, dull 01 ',on,I". OF ASSET INTEREST SEE ATrACHED LISTING OF' ITEMS HELD IN -0- 262,766 100% 262,766 l\ND BY THE REVOCJ\BLE TRIlST OF F. WILLI1IM SJ\UL ESTABLISHED 23 OC'roBER, 1980 AT EMl'ORIA KANSIIS (SEE COpy A'lTACHED) . TOTAL (Aha Inlet on lin. 7. R.eopilulolion) S 262,766 I" mOl' 'paco i, n.ee/rd. inllrl oc/difiono' ,h..r, 01 10m. lilt.} INHERITANCE TAX RETURN RESIDENT DECEDENT FOR F. WILLIAM SAUL SCHEDULE G 1. 600 Shares PPG INDUSTRIES $30,525 2. 722 Shares MERRILL LYNCH MUNICIPAL BOND 5,906 FUND INSURED CLA @ 8.18 3. $10,000 ROCHESTER GAS & ELECTRIC w. RG. MS. 9,580 6.25% 9/17/97 4. $5,000 OHIO EDISON CO. RG MS 5,103 8.25% 9/1/99 5. $10,000 BANK AMERICA CORP. RG MN 9,973 8.35% 5/15/2007 6. 50 NUVEEN TAX EXEMPT BOND FUND - SERIES NT-202S 2,613 7. 50 NUVEEN TAX EXEMPT BOND FUND - SERIES NT-35S 4,552 8. 50 NUVEEN TAX EXEMPT BOND FUND - SERIES NT-171-S 1,926 9. 50 NUVEEN TAX EXEMPT BOND FUND - SERIES S-195-PA-S 9,406 10. 70 NUVEEN TAX EXEMPT BOND FUND - SERIES NT-282-M 6,468 11, $15,000 ALLEGHENY COUNTY PA. AIRPORT-DEV. 15,760 7.75% 1/1/2019 12. $15,000 DAUPHIN CO. PA. HOSPITAL AUTH. 16,684 9.875% 7/1/2014 13. $5,000 DERRY TWP. PA, G.O. 5,057 6.875% 6/1/2011 14. $10,000 EASTMAN KODAK CO. 10,796 9.125% 3/1/98 15. 1435 SHARES FRANKUN CUSTODIAN FUNDS,INC. 10,303 I(YI,lIlut'U, . SCHEDULE H FUNERAL EXPENSES, ADMINISTRATIVE COSTS AND MISCELLANEOUS EXPENSES Ploo.o Print or Typo FILE NUMBER COMMONW(AUtt Of '(HU~Yl\lAt~IA IHHUIlAHC( lAX U1URN R[$IDlNI D(c(O(tH 1. B. 1. 2. F. WILLIN-I SAUL, M.D. DESCRIPTION AMOUNT ESTATE OF ITEM NUMBER A. Funorol Expon.os: Admlnl.tratlvo co.t.: Porsonol Ropro.onlalivo Commiuion, Social Socurity Numbor al Porsonal Ropro'onlolivo: yoo, Commiuion, paid Allo'noy Foo, CIIARLES E. SHIEWS, III (estiJrate) $1,650.00 3. Family Exomplion Cloimonl 4. C. 1. 2. 3. 4, 5, 6, 7. 8. N/A N/A Rololionship Addrou of Claimanl al docodonl" doolh 51'001 Addro" City Slalo Zip Codo P,obolo Foo, MI.collanoou. Expon,os: FILING TAX RSl'URN FEE TO REl3ISTER OF WILlS 15.00 ClARENCE JlSBURY, C.P.A. (estinute) 1,000.00 TOTAL (AI,o onlo, on lino Q, Rocapilulation) S 2,665.00 (II mo,o .paco I. noodod, In,o,t odditlonol .heot. 01 .ome .izo.) r:' . r. WILLIAM SAUL TRUST TillS AGRr:U1L:flT by and between r Willimn Saul, of Emporia, Lyon County, Kan!!ao, ilO ~;rilntOl' (hp'l'p.inilftcl' sometime!! cill~ed lGl'ilntOl'"), and r. Williilm Sall1 ilnd r.lill'Y G. Saul, of r.mporlil, Lyon County, Kanna!!, ilO TI'IW tccn (hcI'cinaf tel' called "Tru!!tcco"); WITtll:ssr;TII: WIlr.IU:M" GI'an tOI' den i I'cn to crea te a l'evocable truo t for the ll\lrpOOeo hercinaftcl' nct fOl'thj flOW, TIII:Rr:rORr., in conn idCl'a t ion of thc prelll ineo and of the muluill convenanln hcrein conlained, Grantol' doeo hCl'cby transfer, aosign, convey and !lct over unto :lhe Trustecs thc property dc!!cl'ibed in Schcdule A hereto anncxed; '1'0 IIAVr; All[) TO IIOLD thc sallie and any othcr property which the TI'uotcefl may hereaftet' at any time hold or acquire from Grantor or otherwise, all of which in hereinafter collectively ref erl'ed to aD the "trus t eo ta te", in trus t, nevertheleoo, for the following uses and purposes and subject to the fOllowing tel'mo and conditions: rIRST: The Tru!!tees shall hold, manage, invest and reinvest the trust estate, colJ.eet the income theI'efrom and pay over all of the net income, if any, to 01' foI' the benefit of the GrantoI', in quarterly or mOI'e fI'equent inotallments, during his life. Upon his death, the Trustees shall collect the income theI'efI'om and pay over and distI'ibute the net income and pI'incipal theI'eof as follows: A. DUl'ing the lifetime of GI'antor's wife Mary G. Saul the TI'uotees shall distribute to 01' for her benefit so much or all of the CUI'I'ent income from the tI'ust as in tl'le sole discretion of the TI'ustees shall appeal' necessaI'Y or advis- able, afteI' taking into consideration heI' sepaI'ate pI'opeI'ty and income, to provide foI' her support, health and main- tenance. Any income not cUI'I'ently distI'ibuted to,OI' foI' the benefit of Grantor's wife shall be accumulated by ~he ' Trustees. If in any yeaI' it shall appeal' to the Trustees that the curl'ent income fI'om the 'l'I'ust shall be insufficient in amount, after taking into consideI'ation her sepaI'ate pI'opeI'ty and income, to pI'ovide foI' the SUPPOI't, health and maintenance of Grantor'o wife, then the Trustees may expend such further sums from the accumulated income or pI'incipal as in their discretion shall appear necesoary or advisable foI' such purpose. O. On the death of Grantor's wife Mary G. Saul this Trust shall terminate and the principal and any accumulated eilrnings thereon shall be distributed to Grantor's son William G. Saul. If Grantor's Ron William G. Saul is not then living, then such distribution shall be made to his issue then surviving, per stirpes. C. Whenever any part of the principal of this Trust shall become distributable to a per!lon who has not then attained twenty-one (21) years of age, the Trustees may, in the Trustees' discretion, withhold distribution of such property and invest and rei.nvest the sallie, collect the income therefrolll, nnd duri.ng the time such person is under twenty-one (21) years of age, Inay apply so lIIuch of the net income or principal to the cnre, support, maintenance or education of such person ns the Trustees deem necessary or advisable, without the interventi.on of any guardian or conservator, nlld may accumulate, invest and reinvest the Page ] of 7 Pilceo _ _J i I \ i I i , . . balance of such income, if any, until ouch person attains the al~e of twenty-one (21) yearn, nnd thereupon pay over to him the unexpended principal and income so withheld. If slIch person dies before attaining the age of twenty-one (21) years, all nuch principal and income nhall be paid over to ~he estate of sllllh person. The authority conferred upon the Tl'lIstees by this pal'agraph shall not operate to sunpend or pl'event the ausolute venting of any Ill'Opel'ty to such pe1'non. With I'ellpect to the i\(lminilltl'ation of any ouch pl'OpCl'ty, the Tl'lIstees nhall have all the powel'll, authol'ity allll dincl'etion vested in them undel' the provisions of thin agl'eement. SCCOllll: The Pl'ovillions hel'ein contained fOI' the diotribution Llf the income and principal of the trust estate, and of each and every nhal'e 01' l"I1't thereof, nh1l11 be supplemented by and, when necesnal'y, Ilha11 be nubj ec t to the following: A. If any any time, in the sole judgment of the Tl'ustees, the aggregate of the income and principal payable hereunder and the funds available from all other sources of which the Trustees shall have knOWledge, shall be insuffi- cient to provide adequately for Grantor's or his said wife's support, maintenance and medical needs, the Trustees may pay to or for the benefit of Grantor or Grantor's said wife from the pl'incipal of the trus testa te such amount or amounts as the Trustees in their sole discretion, shall deem advisable for such purpose_ .Grantor intends that the power of invasion herein conferred shall be exercised liberally by, the Trustees, but the Trustees' decision as to the propriety and amount of any payment shall be final and binding. B. Whenever any beneficiary hereunder shall be under' the age of twenty-one (21) or under a legal disability or, in the Bole judgment of the Trustees, shall for any reason be unable to apply any payments which he is entitled to receive hereunder to his own best advantage, the TrUstees may make such payment directly to such beneficiary, or the natural or legal guardian or conservator, or to a relative, or to a person with whom such beneficiary resides at the time of such payment, or the Trustees may apply the same for the benefit of such beneficiary, and the receipt o( such guardian, conservator, or other person for any payment so made shall be a full and complete discharge to the Trustees with respect to any such payment; and C. '1'0 the extent permitted by law, none of the benefi- ciaries hereunder shall have any power to dispose of or to charge by way of anticipation or otherwise any interest given to such beneficiary; and all sums payable to any beneficiary hereunder shall be free and clear of debts, contracts, alienations and anticipations of such beneficiary, and of all liabilities for levies and attachments and pro- ceedings of any kind, at law or in equity, and,.in the case of a married woman, free from the control of her husband. THIRD: In addition to and not in limitation of, any powers conferred upon fiduciaries by statute or general rules of law, the Trustees are expressly authorized: A. To retain and hold in or as a part of the trust estate any investment or other property acquired from Grantor or Grantor's estate, with full power nevertheless, to change and vary the form of any investment from time to time as the Trustees shall seem best. B. '1'0 invest the trust estate in such stocks, bonds, notes and other securities or property, real or personal, including shares or interests in investment trusts and cornmon trust funds, as the Trustees may deem advisable, even Page 2 of 7 Pages , r . thounh ouch inveotmento may not be of the character generally deemed permiooible for investmentB by fiduciarieB. Invest- m('ntll need not be diversified and may be made or retained wil:h a view to pOIlBible increase in value. The Trustees may a t any time hold cash aI' readily marke table IIecuri tics of low .v ield fOl' Buch I.eriod aB they may deem adviBable. e. To IIe]I, exchange, conveyor dispoBe of, or to gl'alll: optionll with respect to, any property, real or personal, which Illay at i1ny time form a part o[ the trullt elltate, and any nille lllilY be made by private contract or by public auction, a III I fol' callh 01' upon credit, or partly for cash and partly IIpOIl ',,'cdi t, an the TruB teell may deem beB t; and no person denJillg with the TruoteeB Bhnll be bound to nee to the i1ppI iCiltion of any monieB paid. IJ. To exel'cioe nny riglHo and privilegeo to convert i liven 1:11I"11 to 01' 0 ther property into other inves tmen ts or o thel' pl'operty and to subocribe [or additional securities, nnd to hold any assets 00 acquired as investments of the trust estate. 1.:. To vote in person or by proxy on any stocks or other securities held by the Trustees. r. To join in, or to dissent from and to oppose, the reorganization, recapitalization, conSOlidation, sale or merger of corpora1:ions or properties in which the Trustees lIIay be interested upon such terms and conditions as they may deem wise, and to accept any securities which may be issued Upon any Buch reorganization, recapitalization, conSOlidation, sale or merger, and thereaf~er to hold the same. G. To manage, operate, repair and improve and to mOl'tgage or lease, or both, regardless of the length of the tel'm, any real estate forming a part of the trust estate; and to make and execute oil, gas and mineral leases -irres- pective of whether or not said lease or leases are to run longer than the life or duration of the trust estate. II. To establish from rents, profits and other income, such reserves for taxes, assessments, insuranee, r~pairs, improvements, depreciation, depletion and maintenance of buildings and other property, as they shall deem advisable and consistent with the purposes of Grantor. I. To compromise, compound and settle any obligation due to or from the trust estate (including Grantor's estate where appropriate); to reduce the rate of interest on, and to extend or otherwise modify, or to foreclose upon default or otherwise enforce, any such Obligation, J. To enforce or to abstain from the enforcement of' any right, obligation or claim, and to abandon" if in their absolute discretion they shall deem it advisable, any pro- perty, real or personal, which may at any time form a part of the trust estate, and in general, to protect in every way the intel'ests of the trust estate and of the beneficiaries thel'eof, either before or after default. K. To cause to be ~egistered in the Trustees' name, individually or as Trustees, or in the name of the Trustees' nominees, any securities or other property from time to time held by it, or to take and keep them unregistered, and to retain them or any part thereof in such condition that they will pass by delivery. L. To lend funds of the trust estate to Grantor's estate, upon such terms and conditions as the Trustees shall approve. Page 3 of 7 Pages II. '1'0 borl'OW money fOI' ilny purpose connected with the pl'otec tion, pl'esel'va tion 01' impl'ovement of the tl'US t es tate whenevel' in theil' judcment advisable, and as oecul'ity there- fOl'e to mOl'tgilce 01' pledge any pl'opel'ty fOl'ming a pal't of the tl'unt entate upon nuch tel'mo and conditiono aD the 'I'l'untcen deem advis~Jle. I II. r:xcept iln othCl'wi nc expl'eonly Pl'OV idt,d elnewhere hel'<'in, to milkc any division 01' diot:l'ibution in caoh 01' in kind, 01' pill'tly in canh and partly in kin'!, on the baois of mill'ket values at the time of ouch division 01' diott'ibution, 01' if thel'e be no l'ecognized mal'ket value, at the [ail' value thel't'of. Any determination of t'ecognizcd m,31'ket value 01' f" i I' value of ilny oecul'i ty 01' pl'opel'ty mnde by the 'I'rusteer. fol' the 1"II'pones hel'eor ohnll be deemed pl'eoumptivelY COl'l'ect, 0. '1'0 pay any and all expenseD, costo, feeD (including the 'I'l'unteeo' own fees), taxes, penaltier. 01' other charges, and except aD othCl'wise expl'esoly pl'ovided herein, to chal'ge the fJilme ilCn inn t pl'incipal 01' income or pal'tly ar,ilinst the pl'illCipi\l and pal'tly against the income of the tl'ust. 1'. '1'0 determine, in cane of doubt, how any money or other pl'operty received, or any gain 01' loss realized or incurl'ed, shall be allocated as between income and pl'incipal, illltl to ilppol'tion between income and principal any loss or expentl i l:\ll'e in connection wi th the trust esta te, as the 'I't'lIsteeo may deem_just. Q. To I'ely upon any infor~ation, affidavit; certificate, 11' t tel', no t ice, telegl'am, or othel' document, 01' upon any te1eplll'ne convel'sation belic.ved by the Tl'uotees to be genuine and !lllfficient. H. To oubmit to final al'bitl'ation any mattel' of differ- cncc with othcl's. . S. To employ agents, attorneys and othel' persons whose sel'vices may be required in the administration of the trust estate and to pay them reasonable compensation. T. To make, execute, acknowledge and deliver ,any and, all deedo, leases, assignments and other legal instruments necessary or proper to carry out the provisions of this agreement. U. Whenever two Trustees are serving hereunder, then either or the Tl'ustees may delegate any portion of their pOl~ers or du ties to the other Trustees. The Trustees may appoint agents to act for them and may delegate to trust employees 01' other persono the authority to sign checks and perfol'm other banking and investment transactions, including the purchaoe and sale of stocks and bonds and other invest- ments necessary in tranoacting the trust operations. The Trustees shall remain responsible to the beneficiaries for the proper administration of the trust even though such powers or duties may be delegated. fOURTH: Grantor or any other person may, at any time and from time to time, transfer, deliver, bequeath or devise to the Trustees additional cash or other property acceptable to the Trustees which shall thereupon become a part of the trust estate and shall be held, managed and paid over by the Trustees in accordance with and subject in all respects to the pl'ovisions of this Agl'eement. Any pl'operty, whether originally 01' suboequently trans[el'l'ed to the Trustees, may be commingled and treated as pal't of a single tl'ust. fIfTH: The 'I'l'US tees may pay all or any portion of the es ta te, inhel'ltance, succession amI transfer taxes which become rage 4 of 7 Pages pi\Y;lble by I'caflon of GI'ilnlol"fl dr'Ulh and lIIay pay illl or any pOl'lion of Gl'ilntol" fl dcuto and the expenoeo of hio laot illneoo, funeral ami Illll'ial. The deci oion of lhc 'l'l'uoteco ao to the val illi ty of !Hlch tolxeo, dcbto olnd expenoen ilnd the i I' determination ilO to the pOl'tion which will be paid by I:he Tl'ur,leefl ohall be binding upon illl beneficiill'ieo of the tl'Uflt. r SlXTII: 1 f ilny benef ie ial'Y flhall die fl ilnLlllilneouflly wi lh (;l'illltOI' 01' undel' ouch ci!'culllfllolnC(!O ao lo l'elHlel' i I: ,illlpoooible or difficull lo detel'lIIille who died fil'ol:, (;I'i1nlol' 0110111 be deemcd to hilve ol1l'vivell Buch uennfic,iill'y; illld lhc (ll'oviBiolHl of thio Aeree- lIIellt ohaI] be eonntl'llcd ollld till! diopoBition of property hel'ein 11I;\(1" Ghall he govcl'ned ilccol'd i ngly. ::;1;VI~Il'J'II: The pOHel'fl .llId aul hOl'itiefl hel'ein !',l',lIlled the TI'uoteefl nfiiill be exc!'ci l1ed ilnd perfol'med wi thout ol'der, approvill or confil'llliltion of allY court, and:oaid Tl'uoteco ohall not ue I'equi l'ed to file wi th ilny cOUl'l, any notice of appoin tlllent as Tl'ustees, 01' iI copy of the inGtrulllent creating thio truot, or any liot of beneficiill'ieo under the trust, or any inventory of truot propel'tYi.nor uhall the Truoteeo be required to file any intel'lIIediilte, fin,11 01' diotl'ibution accounting with any court unleos l'eques ted to do GO by one of the beneficiaires on behalf of wholll the tl'UGt estilte io being administered. J:IGIITII: In addition to reilllbul'Gement of expenses incurred in lhe pel'formilnce of lheir dutieo under the trust hereby created, each Tl'uG lee shall be ~Il.ti tled to receivlJ reasonable compensation fol' their services l'elldered hereunder. 11111'1'11: In addition to thc other provisionG applicable to lhe Tl'US lees generally, the fOllowing shall apply: A. 110 bond or 0 thel' surc ty Ghall be required of any original or successor trustee. D. Any Trustee or successor Trustee may resign by furnishing written notice thereof to the remaining Trustee. C. Should r. William Saul or Mary G. Saul resign or for any reason be unable to serve as Trustee, then Grantor's son IHlliam G. Saul shall serve as successor Trustl!e. No SUccessor Trustee shall be appointed when the survivor of r. William Saul and Mary G. Saul resigns or is unable to serve as Trustee. D. Should there be any other vacancy in the position of Trustee, the successor shall be Janise A. Saul. E. All of the powers, dutilJs, trusts and discretion anywhere herein granted or conferred, shall be held, pos- sessed or exercised by and shall extend to any Trustee hereunder, whether such be the Trustee named herein or any successor or substitute. TEUTH: This instrument shall be construed and and the validity of the trusts hereby created shall in accordance with the laws of the State of Kansas. interpretation or construction of the provisions of ment, the fOllowing ohall govern and control: administered, be determined, In the this instru- A. The terms "descendant" and "descendants" shall include any person legally adopted by any of Grantor's descendants, and the descendants of any such legally adopted person. n. The mascul ine gender shall be deemed, ~Ihere appro- priate, to inclUde the femininlJ or neuter, and the singular the plural, ilnd vice VlJrGa. PaRe 5 of 7 PaRes C. All reference to children or deocendants are intended to include children horn after the execution of thin tl'llG t i1gl'eemen t i1nd such af tet'bol'n children and descen- dilntn shill! hilve no righto other thiln thooe granted in thiB tl'UO t i1r,I'ccmcnt. . I i:I,I:Vr:Il'l'II: The 'I'I'UO teeo i1cknowledl',e recei pt from Grantor of the pl'opel'ty lin ted in the annexed ochedule (s) and accept the tl'UOt upon the tet'mn hel'ein oct fOl'th, THI:I.I"I'II: Ilotwithotandinr, any other proviniono of this agreement, no pilymentn, fundo or property received by the TruBteeo an beneficiill'Y. of i\ t!'uot or other contract fox'ming a part of a penoion, Btock bonuo 01' pl'ofit Bharing plan qualified under or meetinl\ the I'equircmento of Section 1101(a) of the Internal Revenue Code (01' other section of the Code which may hereinafter be enacted in subotitution therefor), or any other retirement plan or 0 thel' accoun t made payable to the 'I'ruo teeB which iB excluded from Gl'alltOl"O gross estate for Federal estate tax purposeo, shall he expended, disbursed or otherwise used or applied, dil'ectly or indil'ectly, by the Truotees, or any other person, in payment or satisfaction of any obligation or expenBeB of, or otherwise for the benefit of, the eBtate of the Grantor; nor shall any such payments, fundB or property be lent to or applied to the purchase of aBsets from any such eBtate. The purpose of this prohibition is to preserve the exclusion of any !lUch payments, funds or property from the gross estate of ,the decedent with respect -to' whom such proceods are received, under the Federal eotate tax law and regulations;' and this paragraph shall be interpreted and construed in conformity with such purpose. TlllHTI:I:Il'l'II: Gran tor cxpreBsly reserves the right, at any time and from time to time, to alter, amend and revoke this Agreement, in whole or in pal't, by duly executed instrument delivered to the ~rustees. No amendment shall be made, however, which shall in any way increase the obligations of the Tt"ustees hereunder or change their rights or duties without the Trustees' written consent. Upon any revocation, the Trustees shall deliver to Grantor, against receipt, any property on hand as to which the Trust haB been revoked, together with such supporting instruments as may be neceBsary to release any interest the TruBtees may have in or to Buch property. FOUHTEEIlTII: At any time within nine (9) months after the Grantor's death, any beneficiary of the Trust may refuse to accept the gift of a truBt interest made to him under this Trust Agreement, in whole or in part, by an instrument in writing delivered to the Trustees. In that event, the trust interest BO refused, but only to tIle extent BO refused, Bhall pass as though the party refusing to accept Buch gift had predeceased the Grantor. , FIFTEENTII: This Agreement shall extend to and be binding upon the personal representatives and assigns of Grantor and upon the successors of the Trustees, Dated this.23 day of 6'a.(. ,1980. ~ 4ddk.:. ~<.f F. William Saul, Grantor t: ~~~tL ~( r. William Saul, Trustee Page 6 of 7 Par,es BUREAU OF INDIVIDUAL TAXES JHtlERITAHCE TAl( DIVISION DEPT. ZIID6Dl HARRISBURC, PA 17128-0601 REGIS EGAN MCKONLY AND ASBURY 415 FALLOWFIELD RD CAMP HILL PA 17011 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE INHERITANCE TAX RECORD ADJUSTMENT DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN ( F/!...I ) 06-04-97 SAUL 01-05-92 21 96-0581 CUMBERLAND 101 .' '* 1(W.nll II a" (fI-'" F W AIIQunt R...itted ......7 cro. ,J'/. '-' MAKE CHECK PAYABLE AND REMIT PAYMENT REGISTER OF WILLS CUMBERLAND CO COURT HOUSE LARL.~L~, ~A. !/u!3 TO: CUT ALONG THIS LINE ~ NOTE: To insure proper crudit to your account, sub..tt the upper portion of this for.. with your t.x pay...nt. RETAIN LOWER PORTION FOR YOUR RECORDS ~ -------------------------------------------------------------- " ,-', '.'..\. t. ., I . L' l- ". . ( I . t. ,j . ' . , ,~ . i (4f :," , , " <' .~ " " . I '.. . ~.' ~, " , h -;.:~----:--~~. --" ---...,.",...- ~- >, ~~.. , .."-''If "'\ COMMm~wr^,IIl or f'[rmSVlVAtHA ()["AIlIMrr~I or H[V[WJ[ DUREAU OF INDIVIDUAL TAXES O[PI2A0601 IlAnnISBUfH, PA 17128 OWl PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT \' ~k NO'I\/\211653 Iii V 1 Ill;' I. jll 9fll RECEIVED FROM: r- ACfl ASSESSMENT CONTnOL NUMflER AMOUNT REGIS EGAN I ')!- $'J.60 t13 LITCHFIELD ROAD HARRISBURG, PA 17t12 rOlOIt!flt fOlD HERE .. ESTATE INFORMATION: FILE NUMOE:;R -aJ.-~l-951o~:i81 NAME OF DECEDENT ILAST) SSN-I-OZ.- a4~2-.1as~--~ tFlUSTI (Mil ~AU~-W.l~l.-I I'\M DATE OF PAYMENT ----B.,Ll-9~~.Q7 POSTMARK DATE ----S/-le./.1-9Q.7 cournv ----CUtlBERLANO DATE OF DEATH TOTAL AMOUNT PAID $3.60 SEAiCHECKII 5592 CW Cj / ' ('../. RECEIVED BY I///I.I,.~ __,~ P...o'a) )114/ . ~ )" 'I r'IARY C. L WIS ,1J;>I/:/Ai,J/~' REGISTER OF WILLS . REMARKS REG I S j EGAN _. u____.._ __~_ __ .______ ________ , ,. , I I .' ~.. . , '- ---- n - -"--..-3ld_ ~ _ ~ -,:.. DNa' AA 146556 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT Of REVENUE OFFICIAL RECEIPT. PENNSYLVANIA INHERITANCE AND ESTATE TAX ~~ .1\lIl61UIA".1 RECEIVEO FROM: a ACN ASSESSMENT Pi' CONTROL ... NUMBER AMOUNT CLARENCE E ASBURY CPA 101 .20,:360.:>:; POBOX 1331 HARRISBURG, PA 17105 lOtDHflf ESTATE INFORMATION, I!:I FilE NUMBER g 21-1996-0581 ~ NAME OF DECEDENT (LAST) ~ SAUL F WILLIAM II DATE OF PAYMENT m POSTMARK I COUNTY SSN 192-24-2325 (FIRSTI (MI) CUMBERLAND DATE OF DEATH REMARKS m TOTAL AMOUNT PAlO .20.360.55 SK MARY G SAUL C/O CLARENCE E ASBURY CP~ CHECK" 0220 REGISTER OF WI LLS SEAL RECEIVED BY -.- --.- -- -- -- --,-,...-- . , ' . ",,' , (!- . ! 't':' , ---. ---"",.".,,- -' - _. .................~. _ ~ ,I' ""1-,:..- COHHONWEALTH OF PENNSYLVANIA DEPARTHENT OF REVENUE BUREAU OF INDIVIDUAL TAXES IHU[RlIAHC[ lAX DIVISION DEPf. "lObO I tlARAISBURG, PA 1I1l1-DbOt NOTICE OF INIIERITANCE TAX APPRAISEMENT. ALLOWANCE DR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ,. I, DATE ESTATE OF DATE OF DEATH FILE NUHBER COUNTY ACN to-2B-96 SAUL 01-05-92 21 96-05Bl CUHBERLAND 101 CLA~ENCE E ASBURY PO BOX 1331 HBG PA 17105 Allount R...t Uad i* U'.lhl 1111' III.hl F W HAKE CHECK PAYABLE AND REHIT PAYHENT TO: REGISTER OF WILLS CUHBERLAND CO COURT HOUSE CARLISLE. PA 17013 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ..... iiilj=i5'4i-EiCAFi>-ioY=9&Y"Nij:ficniF--iNHEififANCE-TAiniPPR'AiSEHENT-;-.m.-OWAN-CE-ijR'-m--m-------- DISALLOWANCE OF DEDUCTIONS AND ASSESSHENT OF TAX ESTATE OF SAUL F W FILE NO. 21 96-0581 ACN 101 DATE 10-28-96 TAX RETURN WAS: I X) ACCEPTED AS FILED ( ) CIIANGED RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. R..I Est.t. (Schedule Al (1) 2. Stacks and Bondi (Schedul. B) (2) 3. Closely Hald stock/PartnershIp Int.r.st (Schedule C) (3) 4. Hortg.ga./Nat.. Racelvable {Schedule DJ (4) S. Cash/Bank Deposits/Hi.c. Parsonal Property (Schedule EJ 15) 6. Jointly Owned Property (Schedule fJ (6) 7. Transfars ISchedule G) (7) 8. Total Ass.t. .00 ,00 .00 ,00 .00 .00 262.766,00 181 APPROVED DEDUCTIONS AND EXEHPTIONS: 9. Funeral Expans../Adn. Costs/Hisc. Expanse. (Schedul. HI 191 10. Debh/Hodgag. Liabiliti.s/Li.ns (Scheduh I) nO) 11. Tot.l D.ductions 12. N.t V.lu. of T.x R.turn 13. Ch.ritabl./Gov.rnM.nt.1 B.qu.sts ISchedule J) 14. Net V.lu. of Est.t. Subj.ct to T.x 2.665.00 .00 1111 1121 (13) 1141 NOTE: To inlur. prop.r credit to your .ccount, sub.it the upper portion of this forM with your b. p.yn.nt. 262.766.00 ?,66; 00 260.101.00 ,00 260.101.00 If an assessment was issued previously, lines 14. 15 and/or 16, 17 and 18 will reflect figures that include the total of ahh returns assessed to date. ASSESSHENT OF TAX: 15. AMount of Line 14 .t Spousal r.t. (15) 16. Anount of Line 14 t.~.bl. et Lin..l/Clall A rate (16) 17. Anount of Lin. 14 ta~.ble .t Coll.t.r.I/CI.sl B r.t. (17) lB. Principal Tax Due NOTE: ,00 X .00= 260.101.00 X .06= .00 X ,15= 1181 TAX CREDITS: PAYMENT DATE 01-18-96 07-25-96 DISCOUNT C'I INTEREST (-I 2.940.76- 4.727.57- RECEIPT NUMBER AHNP PEN AA146556 AMOUNT PAID .00 20.360.55 INTEREST IS CHARGED FROH 07-26-96 TO 11-05'96 AT THE RATES APPLICABLE AS OUTLINED ON THE REVERSE SIDE OF THIS FORM TOTAL TAX CREDIT 'BALANCE OF TAX DUE INTEREST AND PEN. TOTAL DUE .00 15.606.00 .00 15.606,00 NOTE: AMNESTY NP PENALTV ASSESSED 12.692.22 2.913.78 74.13 2.9B7,91 . IF PAID AFTER DATE INDICATED. SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. I IF TOTAL DUE IS LESS THAN $1. NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" ICR). YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF TillS FORM FOR INSTRUCTIONS,) I~'-"-II (. -j- COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE INHERITANCE TAX STATEMENT OF ACCOUNT (j ;~~ BUREAU OF INDIVIDUAL TAXES IHII(AI lANC[ UX DIVISION OlP)' ZIOUl IIARAIS.URG, IIA 1I11S.C.Ol 1l'.hU f1'" '11.'" REGIS EGAN MCKONLY AND ASBURY 415 FALLDWFIELO RO CAMP HILL PA 17011 DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 09-08-97 SAUL 01-05-9Z 21 96-0581 CUMBERLAND 101 F W AMount R..ltt.d MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HDUSE CARLISLE, PA 17013 NOTE: To insure proper credit to your account, subnit the upper portion of this forn with your t.x payn.nt. CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ..... iiE'v:il.-oTEX--AFP-ioi-:97T"-----...--iNHERiTANC"E-iAX-STAiEiiftii-oF'-A'i:"cOUNi--ii..--------------u----- ESTATE OF SAUL F W FILE NO.21 96-0581 ACN 101 DATE 09-08-97 THIS STATENEHT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NANED ESTATE. SHOWN BELOW IS A SUNNARY OF THE PRINCIPAL TAX DUE, APPLICATION OF ALL PAYNENTS, THE CURRENT BALANCE, AND, IF APPLICABLE, A PROJECTED INTEREST FIGURE. DATE OF LAST ASSESSMENT DR RECORD ADJUSTMENT, 06-03-97 PRINCIPAL TAX DUE, 15.606.00 PAYMENTS (TAX CREDITS), PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (- ) 01-18-96 AMNP PEN 2,940,76 .00 07-25-96 AA146556 7,668.33- 20,360.55 06-24-97 AA211458 236.78- 3,150.56 08-18-97 AA211653 3.60- 3.60 TOTAL TAX CREDIT 15,606,00 .00 BALANCE OF TAX DUE AMNESTY NON-PARTICIPATION PENALTY HAS BEEN ASSESSED INTEREST AND PEN. .00 . IF PAID AFTER THIS DATE, SEE REVERSE SIDE FOR CALCULATION OF ADDITIONAL INTEREST. ( IF TOTAL DUE IS LESS THAN tl, NO PAYNENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREOn" (CRI, YOU NAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORN FOR INSTRUCTIONS. I TOTAL DUE .00 h"1/(, ,') BUREAU OF INOIVIOUAL TAXES IHII[PIIAN(l lAX DIvISION DLPI. aObDl IlA~dIlSBUIlG. Pi IIla.ObDt COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE INHERITANCE TAX RECORD ADJUSTHENT C,... REGIS EGAN MCKONLY AND ASBURY 415 FALLOWFIELD RD CAMP HILL PA 1701t DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 06-0(,-97 SAUL 01-05-92 2t 96-0581 CUMBERLAND 101 AMount R...Uhd ~~~ r~' III"L"1 II lit 1I'.tll F W MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND'CO COURT HOUSE CARLISLE. PA 17013 NOTE: To insure proper credit to ~our account, subll'llt the upper portion of this for" with your t.x pay"."t. CUT ALrJNG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ..... iiEii=Bij"j-EX-iif:puiCiF97y-----.-.-iN-IiERi"fiiNC-E-TAX-RE-CORii-iiiiJ-USTHENTn.ii-------------------m------- ESTP.TE OF SAUL F W FILE NO. 21 96-0581 ACN 101 AOJUSTHENT BASED ON: VI.LUE OF ESTATE: 1. R..I Est.t. (Schedule AJ ell 2. stocks and Bonds (Schedule OJ (2) 3. Closely Held stock/Partnership Interest (Schedule C) f3J 4. Hartg.ges/Hotes Receivable (Schedule OJ (4) S. Cash/Bank Deposits/Hise. Personal Property (Schedule EI (5) 6. Jointly Owned Property (Schedule fJ (&) 7. Transfers (Schedule GJ (7) 8. Total Assets DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adninistrative Costs/ Hiscellaneous Expenses (Schedule H) (9) 10. Debts/Hodgage LbblliUes/Liens CSchedul. U ClOI 11. Total Deductions 12. Net Velue of rax Return 13. Charitable/Governmental aequests (Schedule J1 14. Net Value of Estat. Subject to rax TAX: 15. Anount of Line 14 at Spousal rate lIS) 16. Amount of Line 14 taxable at Lineal/Class A rate (16) 17. Anount of Line 14 taxable at Colleteral/Class a rat. (17) 18. Principal Tax Due TAX CREDITS: PAYHENT RECEIPT DISCOUNT It I DATE NUHBER INTEREST/PEN PAID 1"1 PROTEST BOARD DECISION .00 .00 ,DO .00 .00 .00 262.766,00 (8) 2.665.00 .00 1111 1121 1131 1141 .OOX.OO= 260.101.00 X.06 = ,OOX.15= 1181 AHOUNT PAID 01-18-96 07-25-96 AMNP PEN AA146556 2.940.76 7.668.33- . DO 20.360.55 INTEREST IS CHARGED THROUGH 06-19-97 AT THE RATES APPLICABLE AS OUTLINED ON THE REVERSE SIDE OF THIS FORM TOTAL TAX CREDIT BALANCE OF TAX DUE INTEREST AND PEN. TOTAL DUE . IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. DATE 06-04-97 262.766.00 2.665.00 260,101.00 .00 260 .101. 00 .00 15.606,06 .00 15,606.00 NOTE: AMNESTY NP PENALTY ASSESSED 12 692.22 2 913.78 236.78 3,150.56 IF TOTAL DUE IS LESS THAN Sl. NO PAYHENT IS REQUIRED, IF TOTAL DUE IS REFLECTED AS A "CREDIT" ICR). YOU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FDRH FOR INSTRUCTIONS. I ,~ -.'" , '/! - 1. ~.\J ;.;, i... ;~.- .. DOAno OF APPEALS C(Pf ~".o:. ,.A.1II1ISBuua, PA I ~':IHC21 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE PHONE, 717,783.366-1 FAX' 711.787.7270 REGIS J EGAN MCKONL Y AND ASBURY 415 FALLOWFIELD RD CAMP HILL PA 17011 IN RE PETITION OF: ESTATE OF F WILLIAM SAUL DOCKET NO.: 9629362 TAX TYPE: INHERITANCE TAX APPEAL TYPE PROTEST FILE NO,: 21 96-0581 ASSESSMENT NO,: 101 APPRAISEMENT: 10-28-96 PETITION FILED: 12-10-96 EXAMINER: JANET M STAFF MAILING DATE: HAy 22 1997 DECISION AND ORDER Petitioner is requesting the abatement of the amnesty non participation penalty on the basis that the estate was unaware of its inheritance tax obligation. A hearing was held on March 13, 1997, at the Departrnent of Revenue, Board of Appeals, Harrisburg, Pennsylvania. Present on behalf of the estate was Regis J. Egan, Accountant. Appearing on behalf of the Board of Appeals was Janet M. Staff, Hearing Officer. Section 2916-A of the Act of June 30, 1995 (P,L. 139, No. 21), provides for a 15 percent nonparticipation penalty on tax, penalty, or interest liabilities which were unpaid, unreported, or underreported before the end of the amnesty period. The Board of Appeals was created to render decisions based upon the applicable law and regulations. As the Act of June 30, 1995 contains no provision for the abaternent of nonparticipation penalty based upon an estate being unaware of its inheritance tax obligation, and as Departmental records reflect an unpaid liability as of January 17, 1996, this Board is without authority to grant relief. Page 1 of 2