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Home My WebLink About80-00503 ....., ,/ .~, . ...~ ,--..' '. '.' .....-- .;-.'.'; 1.._>;: "'.' ;\;; ,'" ~ ,....,.;,': " ,j~~!g ,,, ,,," '. _/.If.l L.' , ~:~lf~::~~~?/:;:"~:"':' ': .~~",.A",,,~. ,.~, ~~~,xfi;'11:~:' ;',:" ~!V~~:'.">r .', }~:ll1~~f.,"' ; /', .'" . ~$.1:M-~~:..ri:- ' i _'1\'~':rv:',""",' " I ,tkr~t~:.<'~::i-..""'" .j.-~~~~~:;:~';(';;~-~~:.~::, ~1.""r.'-':'::-"h.,--".,. '!r1~{jtis~i\'?,'~.',...' ~r'i';"'F-)/!.""" . !"'.nl'f,..',..i:':' .'0 .' ~F~:lf'...,.",.;. '.' .I.~!);~\];:;,.,..,":'.,,'..:z. . ~l::,~~~t./~..; . l, . ,~~~~{~~r:}~:~. .,' iii''''''' ,r."', ~i&~!,:-c:.:; ~l''''''' :;~~&~,:.:;:" c ~"f\::j:~~{:;:,.::;.).. ' . ..:.,~, '. -"~. ,;'. .-," , , ~ . ~ ! ~ .. : e 2 m s 0 ... . .. . ~ ~ w " fI) ! I ~ 1-1 i ~ 0 - 0 ,lIl. 'an r-I ~ 'd .... III {j .... lit 'lIl. LIJ \0 "'" ,.... No, 21-8Q 503 PETITION FOR PROBATE OF WILL AND LETTERS TESTAMENTARY in the Estote of ROGER K. TODD , deceased, Mal)' C. Lewis To fR~X~ Register of Wills for the County of Cumberland, in the Commonwealth at Pennsylvania, 1& Petitioner(s) are the executors named in the Last Will and dated Nov. 12, 1976 Carlisle of Pennsylvania. Decedent died on 5f~ Borough, Cumberland County, Commonwealth Sunday the 6th A. D. 19~, in the County of Cumberland Pennsylvania at the age of 87 ~~ x~~ Decedent has not been married and has not had since the execution of the above described Will. Decedent was possessed of personal property to the unestimated and of real estate to the value of none as near as can be ascertained; said reo( estate situated os follows N/A apply Therefore, your petitioner(s) respectfully laPIil~ for the probate of the said Last Will and Testament and for Letters Testamentary thereon. Dated July 23 1980 . '/-.... ~/; C' "\ 1 Name and address - ~(,., ,. CY'errL<<.. f P ., ( ) Helen E odd o etltloner s 127 W igll St. 17013 I COMMONWEALTH OF PENNSYLVANIA ~ ss COUNTY OF CUMBERLAND HELEN E. TODD and DENNIS CAVERLY, First V-President and Trust Officer, FARMERS TRUST CO., named in obove application, being duly say.(i* that the statements set forth in best of Their swarn according to law this petition are true to the Sworn knowledge and belief, and subscribed before .,z ~Jliy;J, Helen E./T ~dd // t' i{lr--d-cZ. !. tl 0 I, me July 23 1980 , 1-LJ 71:.~;t (t'. ~L~~ 'at tsd::e<xAc l1!I~><Register Mary C. Lewis Icer ..- I (,llc Attorney: Marion R. Lower ~ Filed: ~ I -PO -s-o 03 July 28. 1980 /3.3~ '. OATH OF SUBSCRIBING WITNESS COMMONWEALTH OF PENNSYLVANIA! 5S: COUNTY OF CUMBERLAND \ This,...."..,... ,.".",:;",r;;ff":"""",..,.."",, ..,." ""."" day of ","',"" }';J,I,y, ""..'"" ," ",....."",.." ".,..'""..' A.D..19~~"... before me _~1d<~KlIIh. Register for the Probate of Wills and granting letters of Administration in and for said County of Cumberland. in the Commonwealth of Pennsylvania. personally came .............. Marian R. Lower and Marlene Martino ................................................................................................................................................................................ the subscribing witnesses to the foregoing instrument of writing purporting to be the last Will and Testament of .,.."..,"",..."~.QgJR,!5,,,.T.Q!?,I?..,""",.. "...."."",..,' ..,."" ""....'"", Dated ., ",t!9X.'J~,..m~",.."..... late of ,..'",.. ,.~!;1X!i,~!~I,."...,',...," "..,..."".... ....,..,....".."..".""",,",....,' ,...,.."" Cumberland County Pa" deceased who being duly ..,......,SJ!9f,I).....,.............,..... according to law. depose and say, that .......th!'!y.,:<<!<~~,.....,.......... present, and saw and heard the testa.t9L,..,....................." ,....~.Q~~R..~".IQ!?!?..............,........,.............,..., sign, seal, publish, pronounce and declare the said instrument of writing as and for h.i~..,.....,... Testament and Last Will, and at the time of so doing ..........,h!'!..........,......,..,.............was of sound and disposing mind memory and understanding, to the best of ........,..th!<!r..................,.........knowledge. observation and belief. ......,~X{~r.':1,.............................. and subscribed before ...'!J2/~..,(J.:," /t;.!c.'f:::f;J..".."..."..".. ~lw:~~~m. ~;;~ Mary C. Lewis "- Hcv~R L~ ..M~~'ion'iClower"'....'................,......................,.... .,'~:ld;ii.P.p.;MIiiJjj)Ji;(J),:::::.,::::::::::: Marlene Martino AFFIDAVIT OF DEATH COMMONWEALTH OF PENNSYLVANIA! ss: COUNTY OF CUMBERLAND \ ,.............. .....,......I:!.~h~N..~"..T.Q!?,1?..,..... .....,...""."",.",' ",....,...."..,..,.,."",...."...."",."...,..,,..,...,...........being duly ........~:<<~!r!l............................... says that as nearly as can be ascertained the said decedent .....................,.... ".~.Q,~~R,~~..I9.!?!?,..,..... ,.........",..,.",...,.",...."...."...,...,.,""',..,"" ",......"..,.,..",.....,.",.,............,......"......died on .......S,\l,r;\Q,Qy..........................,... the ............!'!th...,...........day of ....,..,.....}\l,\Y.....................,.........., A,D" 19,~,., at or about ..,..............,....,?,,:,RR........... o'c1ock. .,~M, .....s.wor.n..,...,......".."...""..."..,...and subscribed this ..........,.........,...~,:,..........,........, day of .......),\l!y,..,.....,Þ 19, ~9....., before ..,@2~'(dd.<. ...e..,.. ,~t;2,d......,..,.... aiollocd< Re#'~ Mary C. Lew s ~..,;J,k't4::::!....t....,12-1:0:::.,....,................ ne en~. odd OATH OF PERSONAL REPRESENTATIVE COMMONWEALTH 01<' PENNSYIN ANlA} ., COUNTY OF CUMBERLAND SS: Before me. the Register for the Prubate uf Wills llnd j,(rnntinj,( uf Letters of Administration in and for the County of Cumberland. personally cume ~,~,~,~~..~,!..r.9.p',I?..<:',l)~J,~~~,~~~..T~,Y.~I,~9.,~,~y'..I?.,~~!!!~..,....... Caverly, First Vice President and Trust Officer who. being duly ..JYf,<:'f,r:\................ du ..,......' depuse and say that as..."..~~9.IJ,!~rL..,,,.................................. of the last Will and 'I'estament 'If ,....~Q.Q,~R,K.",IQP..I?,..".............."...."..,........................................deceased ..,J):1,~y............., will weiland truly ndminister the goods and chattels, rights and credits of said deceased according to luw, And ulso will diligently cumply with the provisions of the law relating to Transfer Inheritances, ,..J,~!lm.............. nnd subscribed before me, ........JIIJ)',....~,~.,....,..,.................,..,.. A, D,. 19,?9"...... f!/A~i"~/?.,'.., ~-(,~~.1:~...."..",.."..,,' u K/IIl. lli~~r Mary C. Lewis :.,; 0: :Q,l :m co: :t1l Ol :~ ,-If :Q,l :0 LL. ....., 00: ~ 0 *, 0 .....! 0' ..-: ~ -I 0: 0 0: 0: 0 00: 11'I: ..J I-i .0 N: I: - .' - 0; - .' ,~ u: 00: ~ :.<:i ::: E-t: >< I: ",,: I'l r&l: ""5: ,-l: w: ,~ -,: 0 Ni 0i 't:l 0: ClC) .,; 0, Q,l 't:l r-: . Z ""1 ... \0: - 0 *1 N ~ u ~ ! ~ 't:l ~ 't:l Q,l I'l t1l - ,~ t1l Il< r... DECREE Bo It romombored that on the ."....,,~,~~~...... day 'of ,,,..,,...............~~,~r................... A. D,. 19 .~~.... there WIIS prolllltlld nnd recorded the last Will and Testament of .....,~~,~~...~,~...~~~"....................................... 1111.0 of ....,......9.!!-,'i:~~,~.~~,............................"",,............, Cumberland County. Pennsylvania, Deceased. Letters ",.."".." ..', "',:f,~!!,r:~,~,~~,~~)(...... were granted to ....,"~~.~,~!!-..,~,~...'~!?~,~..,~~~"'~~.~~.~!'!..~~~.~.~..s.!?:.... Wllnllss my hund and officinl seul the day and year aforesaid, ~1~41 gister. '.. ." . ... ~ , , '. ',' " " , . " LA:,T \",'ILL /d'JD 'r~:/rl\".,~liT I, ROGER K. TODD, of' the BorouGh of' Carlble, Cumberland Count~" Pennsylvania, do make thi" my Last ':Jill and Testament, hereby revoking all wills at any time heretof'ore made by me. 1. I give and bequeath to my '.life, Helen E. Todd, the balance of any savings or checking accounts, or certificates of deposit, whether in my name or not and I direct my executor" to tran"fcr the same to her as promptly after my death as can be conveniently done. 2. I give my personal effects, and :mch household goods, if any, as may be individual property and not the property of my l1ife, and other tangible property of like nature, together vlith any existing insurance thereon, to my ':Iif'e, Helen E. Todd. If she survives me I give her a life interest in the items enumerated on the hereinafter referred to sheet. On her death I give the same to the persons named on the sheet attached to my ,Iill entitled "Personal Property And/Or Household Goods (See Paragraph 4 (b) of ':Iill)". 3. I give and bequeath Thirty Thousand (:;:30,000.00) Dollars to my nephew, C. Robert Todd and Thirty Thousand (~:30,000.00) Dollars to my niece, Elizabeth Todd Trego. 4. a. If my wife predeceases me I give, devise and bequeath the items mentioned on the attached sheet entitled "LIST OF PER"ONAL PROPERTY TO BE GIVEH TO DONALD ;,1. EARLY AND CASPER S. EARLY, BROTHERS OF MY I'IIFE, HELEN E. TODD, ilS ;.lENTIONED HI THE \fILL OF ROGER K. TODD", to the persons indicated thereon. b. If my wife predeceases me I give, devise and bequeath to my nephew, C. Robert Todd, and my niece, Elizabeth Todd Trego, the personal property and/or household goods which they have requested and which are listed on the sheet attached hereto. c. If my wife predeceases me I give the items mentioned on the attached sheet entitled "DONATIONS TO HAi.lILTON LIBRARY AND GUf'IBERLAND COUNTY HISTORICAL SOCIETY BY I.m. AIm (,ms. ROGER K. TODD" to said Hamilton Library and Cumberland County Historical Society. 5. If my \'Iife predeceases me the other personal effects and household goods owned by me at the time of my death shall be sold at public sale by my executor and the proceeds thereof added to the corpus of my estate. At the time of my death, our living quarters at 127 \'Jest High Street, Carlisle, shall be locked and nothing shall be removed until an appraisal is made, after which such articles are to be distributed as provided for in paragraphs 4-a, 4-b and 4-c above. Believing that the remaining household goods and other articles are of considerable value I instruct my executor to have them all removed and, if satisfactory arrangements can be made, to be sold by Pennypacker Auction Centre, 1540 Hew Holland Road, Kenhorst, Reading, Pennsylvania, or by an equally qualified dealer at his place of business. The proceeds thereof shall be added to the corpus of my estate. 6. I direct my hereinafter named executors to pay all estate and transfer inheritance taxes out of my residuary estate in the manner hereinafter directed and to make no deduction from the fore- going legacies. ""--1 I, -1- F~O " .... . : '1. '[,h" Un i tucl :;tnto3 trou:oury bonds ol'med by me at the time of my ueuth '"hi eh :w;: 1:1'o'/1'ully be U:ied auvantac;eously to accomplish fled" 1'0 1 ,:::tllt." t.:\X .;:lV Lnc:; Ln the :'iottlcmlJnt of an lJstate shall be :,0 u::cd by my "x,:<;u\'.or:i, in ':Ihole, or in ?art, to the extlJnt necessary to ':.at LJ'y t.l,. rederal ..;;t.atc to-x liability of I:1Y estate. " .r I~ivc, dl:vi~e and bequeath one-half of my adjusted gross e:;ta\'.l:, a:: del' in,~d in :Joct ion 2056 of the United States Internal Revenue Gode t,) Farmer:; Tru:;t (;omrany of Garli31e, Pennsylvania in trust, hOI'I- UVl,r, hU1,(~jnnrtcr referrud to as Trust 11 for the following uses and pur:10;;e.'~ : To hold, ::\ana[.l;, inve;;t and rlJinvcst, and to ?ay all the income th(~rcfrol1l, in Ln:;t.allment:i not 1(:3s often than quarterly, to my I'life, Helen r.;. Todd, for and during the tlJrm of her natural life, and, upon hur duath, to payor otherwise dispose of the corpus of this trust to :;(Jch :,or3on:;, includinc; her e:-;tate, in such estates and interests, out r ieht or j,n t rll:lt, and in ::; uch r.Janner and proport ions as she by her la:.;t vlLll may a?point. In addition to the pO':lers conferred by law, my trll:;tee shall have full pO\'ler and authority, in the good exercise of its di:;cretion, to hold and retain as a trust investment any or all of the property, real, personal, or mixed, \'Ihich comes into its hands as part of the oriGinal corpus of this trust, although the same may not be of the character or investment designated as legal. I authorize and cmpo'!ler 3aid trustee to accept as part of the trust estate any real estate of ~hich I may die seized, and I authorize and empower said trustee, in its discretion, to sell and convey any such real estate. In the event that my said trustee in its sole discretion shall determine that the income from the trust hereinafter set up in my '!Jill, toge'cher \'Iith any outside income or resources, \'lhich she may have, shall at anytime be insufficient to maintain my said "Iife in the :;tandard and r.Janner of living she enjoyed during my lifetime, then, my said trustee shall apply to the use of, or pay over to my said wife, such sum or sums of money out of the corpus of this trust as may be nece~:;ary, in my trustee's sole discretion, to enable her to live in the aforesaid standard and manner. In addition, once during each calendar year of her life my said ':Iife shall, if she 30 demands in '1lriting, be paid :;:5,000.00 from the corpus of this Trust A by my trustee. If, in the 301e discretion of my said trustee, my said I'life is unable to make such demand, for any reason, my trustee may make same for her. Said right to ~,:5,000.00 each y,:ar from corpus shall not be cumulative. :3hould my said ',life fail to exercise her power of appointment, either '1lholly or partly, over the corpus of this trust by her last "lill and testament, then my trustee shall payout of the unappointed princi?al of Trust A the federal estate taxes on the estate of Helen E. Todd and the balance of said corpus shall be distributed by my trustee in the same manner as the corpus of the trust set up in the next succeeding paragraph of this will is to be distributed upon the death of my said "Iife. The Trustee is hereby authorized to deposit any part or all of the net income that is payable hereunder to my ',life in a bank account to her credit. The Trustee is further authorized to apply any payment to ','Ihich my ','Iife shall be ent it led hereund0~r, should she by reason of a[~e, illne:',:; or any other cau:;lJ in the: opinion of the 'rrustee be incapable of dis our::;ing it j :1rovidccl, hO',lcvcr, that the Trustee shall not exercise this authorit.y to deprive my said ':Iife of beneficial enjoyment of 'l'rust A. /~ A(~v /{~-~7i:;6;d__H Roger K.-1odd -2- '.. " " , .' , 9. I direct my hereinafter named executor':; to "ay ouL of tne rest, residue and l'c,mainder of my estate, all estate and transfer inheritance taxer, due and imposed on or in connection \'Iith my estate or any part thereof in any manner 'dhat:;oever, and after t.he payment of the S9me, I give, devise and bequeath all of Lhe rest, re~ldue and remainder of my estate, or my ent.ire residuary estate if Helen E. Todd fails to survive me, to the said Farmers Trust Company, Carlisle, Pennsylvania, in trust, as a charitable remainder unit. rust , hereinafter referred to as Trust B for the follovling use;; and purposes: To hold, manage, invest and re-invest, and: A. To pay the income therefrom but not In excess of a sum equal to 5% or the net fair market value of the asset:; ,,1' this trust, valued annually, to my \'life Helen E. Todd, in each taxable year of the trust during her life in such periodic in:itallments as trustee shall find convenient, but at least quarter-annually. Any amo~nt of trust income in excess of 5% of the net fair market value of the assets of this trust, valued annuP..lly, shall be distributed to my '/life at, the end of each trust year to the extent that the aggregate of the amounts paid in prior years was less than the aggregate of the ,maximum amounts if in each year there had been paid a sum equal to 5~ of the net fair market value of the assets of this trust, valued annually. Any excess income not so distributed to !IlY vlife shall be added to principal. The obligation to make unit rust payments hereunder shall eo~menee at the date of my death although actual payment may be deferred until the end of the taxable year of the trust in '1Ihich occurs the complete funding of the trust, if payment is so deferred, then within a reasonable period of time after the comolete funding of the trust, trustee shall pay to my wife (in the case of an underpayment) or be repaid by my wife (in the case of an overpayment) an amount equal to the difference between the amount actually paid plus interest there- on at 6% a year compounded annually and the amount payable plus interest thereon at 6% a year compounded annually; determination of the amount payable shall be made in accord \'lith Reg. section 1.664-1 (a) (5). In calculating net fair market value there shall be taken into account all assets and liabilities without regard to whether the particular items are taken into account in determining the income of the trust, and the net fair market value shall be determined each year on the 30th day preceding the last day of the taxable year or by taking the average of valuations on the 30th day preceding each of the dates of distribution as trustee shall choose orovided the same valuation date or dates and methods are used each year. The amount to be paid each year shall be based upon the valuation for such year. If the net fair market value of the trust assets is incorrectly determined for any taxable year, trustee shall pay to my V/ife (in the case of an undervaluation) or be repaid by my \'Iife (in the case of an overvaluation) an amount equal to the difference betvlCen'the unitrust amount vlhich the trust should have paid if the correct value vlere used and the unitrust a.mount vlhich the trust actually paid, and such payments or repayments must be made \'lithin a reasonable period after the final determination of such value; and determination of the amount payable shall be made in accord with Reg. section 1.664-3 (a) (iii). - /~,' 4 '/,' / I //IT}'PU, . ~.....~t-()1' Roger K. Todd , -3- . " " . '. .' The amounts due under this Daraeraph shall be paid during every taxable year of the trust includin~ the first and the last taxable years. In the case of a tay-oble YClar of less than t~lclv() months, trustee shall distribute that amount which is calculated by multiply- ing the amount due for a full taxable year of twelve months by a fraction of ~Ihich the numerator is the number of day:.; in the taxable year of the trust (for the taxable year in ;'Ihich occurs the end of the period specified in Reg. section 1.664-3 (a) (5) the numerator shall be the number of days in the period beginning on the first day of such taxable year and ending on the last day of the period specified in Reg. section 1.664-3 (a) (5) and of which the denomi- nator is 365 (or 366 if February 29 is a day included in the numera- tor); if no valuation date occurs before the end of the taxable year of the trust, the trust assets shall be valued on the last day of the taxable year of the trust (or in the case of a taxable year in ~Ihich occurs the end of the period specified in Reg. section 1.664-3 (a) (5) the trust assets shall be valued on the last day of such period). Payments under this paragraph Ii shall terminate vlith the regular periodic payment next preceding the death of my wife. B. The trustee may apply the payments due my vlife under A, above for the support of my wife, Helen E. Todd, should she by reason of age, illness, or any other cause, in the opinion of the trustee, be incapable of disbursing it. C. Upon the death of my ~Iife, Helen E. Todd, or upon my death if she predeceases me, trustee shall pay the sum of ~:5,OOO.OO to the "Todd Trust Fund" novl at the Commomlealth National Bank &. Trust Company, Carlisle Office, for maintenance of the chimes on the First United Church of Christ, Carlisle, Pennsylvania. The remainder of said trust fund together with accumulated income, if any, shall be held by said Farmers Trust Company in trust to hold, manage, invest and re-invest in what are known as Legal Investments in the Common- wealth of Pennsylvania and to pay all the income therefrom in install- ments no less often than quarterly after the division thereof into ten (10) equal parts to the following beneficiaries in the following pro port ions: One of said oarts to the charitable organization in Carlisle, Pennsylvania novl knovlD as the "United Vlay of Carlisle". One of said parts to Homewood Church Homes, Inc., Carlisle, Pennsylvania to be added to the Expansion Fund of the Sadler Unit, presently located along the Walnut Bottom Road in Carlisle, Pennsylvania. Two of said parts to the Cumberland County Historical Society and Hamilton Library Association, Carlisle, Pennsylvania. Three of said parts to the Carlisle Hospital for operating expenses. The remaining three parts to the First United Church of Christ of Carlisle, Pennsylvania in a fund kno~m as the "Roger and Helen Todd r.Iemorial Fund" to be used by said church to defray general expenses, with the following exception: If said Church builds or rebuilds at its present or any other location, the entire Roger and Helen Todd ;.;emorial income shall be used by it to house and install in the Church building or as located -4- ": ',:~~:: .,::,;;:J~ ,\;tt,~~ , i I i I I \ , ~ I I I I i I :' . , , ,. , .' by the architect the "Todd Chime:;" now locatl'd in it:.; church edifice, vlith all the necer,:3ary mechani:Jm:;. On the obtaining of perfect manual and automatic operation of the chime3 after such installation, the said income 3hall again be used to defray general expense:.;. D. 'l'he purpose of thi:; tru:.;t i:i to qualify 3:3 a charitable remainder unitrust a:; defined in :;ection 664 of the Internal Revenue Code as added by Section 201 (c) of the Tax Heform Act of 1969 or any similar provision in effect at my death. If any provision of my will shall result in depriVing my estate of the charitable deduction for federal estate tax purposes, such provision is hereby revoked and my will shall oe construed :)0 as to qualify for such charitable deduction. If at the time of distribution under paragraph 9-C above, the charity there named is not then an organization described in section 170 (c) of the Internal Revenue Code and for which a charitable deduction is allowable under Section 2055 of the Internal Revenue Code (or of any similar sections thcn in cffect) the gift thereto shall lapse as though the charity had ceased to exist and it shall be distributed to the other institutions sharing in the ten parts mentioned in said paragraph 9-C above in proportion to the interest they have in those procceds as expressed therein. E. Except for the payment of the unit rust amount to my wife the trustee is prohibited from engaging in any act of self-dealing as defin~d in Section 4941 (d) of the Internal Revenue Code of 1954, from retaining any excess business holdings as defined in Section 4943 (c) of the Code vlhich vlOuld subject the trust to tax under Section 4943 of the Code, from making any investments which would subject the trust to tax under Section 4944 of the Code, and from making any taxable expenditures as defined in Section 4945 (d) of the Code. The trustee shall make distributions at such time and in such manner as not to subject the trust to tax under Section 4942 of the Code. F. Additional contributions may be made to this trust other than from my estate provided that for the taxable year of the trust in which any additional contribution is made: (a) where there is no valuation date after the date of contribution and during the taxable year in which the contribution is made, the additional property shall be valued as of the time of contribution; and (b) the amount to be distributed under paragraph A shall be computed by multiplying the fixed percentage by the sum of (i) the net fair market value of the trust assets (exclUding the value of the additional property and any earned income from and any appreciation on such property after its contribution) and (ii) that proportion of the value of the additional property (that was excluded under subdivision (ii)) which the number of days in the period which begins with the date of contribution and ends with the earlier of the last day of such taxable year or the last day of the period described in Reg. Section 1.664-3 (a) (5) bears to the number of days in the period which begins with the first day of such taxable year and ends with the earlier of the last day of such taxable year or thc last day of the period described in Reg. Section 1.664-3 (a) (5). G. Nothing in this vlill shall bc construed to restrict the trustee from investing the trust assets in a manner which could result in the annual realization of a reasonable amount of income or gain from the sale or disposition of tru:.;t assets. -5- A .-~, l"Y k:4r4, Roger' K. Todd ,." ." :f, . ... Ii' the legal existence oi' any institution named in this paragraph ten (10) shall have been terminated prior to the death of my aforesaid wife or at any time thereafter the income provided for same hernin shall be paid by my trustee to the then existing institutions sharine in the ten parts mentioned above in proportion to the interest they have in those proceeds as expressed above. Said trustee shall have full pO\'ler and authority during ml' ~Iife's lifetir.le, in the exercise of its discretion, to hold and retain as a trust investment any or all of the property, real or personal, which comes into its hands as part of the original corpus of this trust , and shall have full pO~ler and authority to sell and convey such prO!,erty, real or personal, from time to time, and to re-invest the proceeds thereof. In the event that my trustee in its discretion shall determine that the income from this trust, together with the income from the trust set up in the foregoing paragraphs of my ~Iill, together ~Iith any outside income or resources my wife may have, shall at any time be insufficient to maintain my said \'Iife in the standard and manner she enjoyed during my lifetime, then said trustee shall, after the eY~austion of the corpus of Trust A, apply to the use of or pay over to my said \'Iifc such sum or sums of money out of the corpus of this trust as may be necessary, in my trustee's sole discretion, to enable her to live in the aforesaid standard and manner. 10. If my wife, Helen, and I die in a common disaster or from illness or disGase under circumstances 'dherc it is not nossible to determine with certainty ~Ihich of us survived the other: it shall be conclusively presumed that I predeceased my wife. 11. I nominate, constitute, and appoint my wife, Helen E. Todd, and Farmers Trust Company of Carlisle, Pennsylvania, to be the executors of this my Last Will and Testament. I direct that the services of i.1arion R. LO~ler, Ilttorney at La;-I, of Carlisle, Pennsylvania be used in the settlement of my estate and that he see to it that the provisions of my will, particularly those of paragraph five (5), are carried out in every detail. 12. If the gifts to charities made herein fail by reason of my failure to survive the making thereof for the period required by any valid 1m', of any jurisdiction I dir8ct that the charitable gifts made in accordance vlith the provbions of the \'Iill executed by m8 September 15, 1975 shall be effective. In Witn8ss ~hereof, I have hereunto set my hand and seal to this my Last I'fill and T8stament this .J.:k- day of November, 1976. /"-, y-\ j /lkf~2/v il "fH~ logeI' K< Todd Signed, scaled, publishod and declared by the above named testator, rtoger K. 'fodd, as and for his Last ':fill and 'festament, in the presence of us, vlho, at hi~,; r()qllcst and in his presence, and in the presence of each other, have hereunto set our hands as \tJitnesses f l1 ~'~l R. A 6-lu-LL- ~ Yr(OJLIii~ -6- I i'; I, .", ~. .'.. .' " : ',1' . t I. '. : \;,"".'; ",..f , ...... . \ I, ~, ,. ~ 'I . I ',..~., ..' -, ;' .,.'..0,' , , , ' ,. U:iT OF pr.n:lO/lM. .'11 '.l.'r.J,', ' 'l'lj TIT'. llIVl\!I TO DotIAI,n I,:. BAHJ.Y A/II. ;',\,;p^a ::I. Mill/if /JnO'l'm:no O~ NY \iI,,'rr, m:J.ml I':. ',:'OIlD, A:J lil':Jl'l" uUlm III TIII~ \'IUL OF JlOOlm K. TODD , ' "I "', ,.". ! '.i' TI!Tl\l' ~~' :1C: :1'l'On^m: noon r.,;',,:~ 'l~ ~lilin'c\i''''ii:.,-i,irand :Jtnl)ri nnd OlAno Didhl and Punoh c,~~.' ,:11':":01' on l'!L;ht he nd oldr:-. . , , .... . ,0( " :: ',~~r,~~lI.l ,1\'/C. !:C',. l"lm/orect Iloniljl.. ~...~...... , . :,:. ..!II, ;. JC: * TOP OI~ COmll::ll CUrnrlf,nn ., . ,.~ '!llr:J.:;O"Wc'ciCiTii'lj' c'(iici.nn::i1i-:-'no"top. ~ '0111a1 ill111 :>0111" Plntcn ~ 1naido Oornot' CUflbonrd. 0: ...., .~~clt,~ollt I:J Plattor .. waido Corner Cupboard. . :;. l. fnr. ',::J VOl' Cn.':lpotOtt. ,. t,. ci.- ~ht' :'H.lvot' Tray with scallopod bordo!;'. '. '. :~ 31lV\J~' Trny, 1. .Ill."., ,'/'" I','~ ~l. ,;1'. ..i'f:"':':, " '1'.;;' . 1'(;\.,:::--': ',,:{"t"CC.:'!r t.o DOMld ~1. El1rly (It. Was Q girt to u. tro~ him:. 3D',,~ f.ru",. Syrup Ju~ to CLlClpl1r Ent-ly, .917 (i""" . nn::.'r nHA\'1!:.r, iC;', ::::Ll:":':cLt'irurii':"~ao to CI1:lpl'.r Early. ..; t. lU:') ~,iJ'(^,/l.:n ~~:';;, ,. ~ ";lUi;::~' -ii,ili Y"'-oiiiiilJr to Ct; :'\lar Enrl{. 81l\,,1r r..ncl (,Lo.:lO COl1otarn to Cnop!J.r ELlr y. L1VIrrr; :wr . t-~l,::C..j1' ;".-~n;; Co.ndoll1Lra on m'~ntol to Cnnpm' lillrlr. Sn.111 pictlI'\::J in c;old rramon of tho I'locher nnd I'o.t.,.cr of my wi in, ;1::.101, r.. '[odd, Holcn E. Todd I\l1d my:Jolr nnd tho c;rnlld- lIi:::th,:lr- una l';I'andfl1ther or my Mid w11'o to Donald 11. Early and C'l:...'ar s. :~arly. W~ore no speoific 6ift is mentioned for any of the above items , the brothers named above shall divide them amon~ themselves as eq",itably'll.s, they see :rite , , . ~~~/!iJ; i '. '. " "" , . , ' . , , 0",;. .",' 1\ :..;rt~.... . ,":" ," ..'.}, . " .Ii.) .', " .... ,'1 " :; '1: ,';':.,;,.' . '/l 't~'. . .1.,' J", 't' . .... ",. {.; .' , ) ~, '/ I.i- .,' , ,1...-,1<' ",',,.'j :.', ",':_ "I: ,1'_,'0,','1.' I \ ~ I i ....... ".. '. ! .'::"1'," ,'11:.:',/. '.. I" " /:,':,' "'.. . -., . '\',:,:':-\:' , .....1....,...,1, .,,;. .;;.,'.\' "". ,,',. ~!~ : : ,,;. .', ~:~ i' ; . I'; "'1,1. . '., "'/"""1 .' ",,1.;1 . ~ . " ..' . . .I"~ : ,., I. ,,1 ' .~: " : ; :,":'!J'~I . ,f, ,....~ "')~''''l' . , ..! ':', .::1:- ',', ....'f". ~ , I..' ..,.. I~':,~,,,. t , t, ~ ",'. ".-'; _': . .' . r ,.. ~..\. ~-r', ~~::..\., , .', '.: ..~:: ~.:. j:'~e . ,f.;1 ,'. tt' " .". 'f .. 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'., ~,~ t' t~ .,........ r ~ . l' ',: ",;'>,';:~.;i~: 6';<~ - . ~" ..-.....---.- I i J flou,-, r.. .~ ; '- . . t(, .' -~. : ':~ 1. I , '/ (1[, , " " , \.: " JI" " '';.'. d, B: ~.~ .0 .~.:ll(,t "lItlll'." l' il, 0..: ['~. .c. ..:.. of , "} '.f.'t' 1" " .~l:.;.... \ 0 .;'0.... fl, !. '. :j F ...,c~. o . "," "':li"'~r',,, j, .1\ rl"'; o. ;'.' 8 f" tH"., fl': th':." ..... ....I...I~;.:i:; :~ '\.. g' . '.;vl., '0" Or, '. .".':'~'J",ro "'>',;' :t r,}, "', "rn" t tn ,":; l.:.. ',1 c,,' ,'~r.'~1 ",,:, t, tnJ" I: 1": . ,"~ r;lll '1, :' ~ Or:..-: 'I'.~-. . " .!;~ bJ I"'.'ti:]; -. tit '. , .,'. ... ,'-0 1e '"" "\~. 01,"3;"..',- .' , t. u tIHr.C:~'tJ. ..::',;4' _,J' , . . ,'. _I '01 "'. Or Lc '''-' br.l1l8 I).'. j~. 'j " ,.j .'. '-hi. If !f. " "':. ':' . ,:~'::l€ :. . ~. d~!S ~: l..'} ';:.{.re:... 01 I..~...:,t, . e....,. r .:\"'", . 0r " .,el .1,'''''" in "olo~. 'I " , ,(":~~'\ 'n!"Jef! ~'. ,,,d...1t.h pr(jr.~'l. ",ng ,"L.,., ,. ,\nc .J,.,.;,. Ilr. 7 "'/!W, C. 1l"l:-lIrl, """, ~~8 '$q " ,~{,t t"lI toUr..',':; c,;l( ,n, ~,~"a ~.~. rh Jr. JJ ;h :m ..Il " '( ". J ~ I. ~' :.;" ... . ~rt~r.' unttr. U~ , ' (" . ',,/I nIlIJIlJIl.r "'\10 ~I'. 1" ~" '( ;,1.(\171 chair ,~. ... -., :1~.h',-I'~-:-" , _.l.- _: ;I,l.~ ~:H~ ,'" :oc;.,or ',' I :Jon ~n';.i._.,:,.:\!.~ ~,.t.... ".1n .:0. ') , '. J Ji!;", :1:>"0, .1iO silvaI' t.en pOl,1I - Init!l1llld "T" ..00l!/. t" tlw1 ':;('~':I.mcr Cah. :;t.nr.l~ - oilve:- Sl1vC'r Piel'1.<3 Jar :Jmnll 81lvoI' cup - wiLh nnmo "Phebe" onl.lrnvod DaisY' nnrl but:oll nr.bor clbhllB Pink thumb prinl. tumbler Cut P,1n/l9 dioh Milk glans compote I'" .. (4 ) MieoellAneous, U\ 0,. I,le,"'" i nJ ',il!.'. . I ", ... ~J.i:" '~:':'.... :'. (,5) iArRII lIolid ""lou. drop .~~r t'lC,le ~n n ':ond lI'.orY' Jr.l,.f1rtg. /".... -- /, '! - 7'/--' ,)( ~~ -.-ytM2,- '" .;.-.. I H"Bel' 11'. Tc,~' ~ta~j~1l!'i'~;~,~;/.' : ~':j:~t-..l,',\~ "";":'~" ,t~f~]?'~.",>: .,'., ~,,~ .~.: :::,: )l' ",.,." f~~~:\t~:}O',;;, ,,' . " " ',' '-'- - .'- R~.H,; . . . . .,' . DOIIATION:J TO llAlJIL'l'ON LIilWmy MiD CUI.ii3EELAIiD GOUliTY HIJTOHICIlL ,;OCIE'j,'Y DY I,Jl. AIID j.iI(::>. nOGEH L 'fODD Collection of Etruscan j,iajolica i'or corner cupboard in j.ieeting Room. The privilege is also given La t.hem (jo GO OV8r our collection of books and to take nnything (11' vnllw to tham. The picture of the Skaters nt Cave Hill painted by Jo Pucci, Carlisle artist from a photograph in the A.A. Line Collection. Picture of the momentos of the last train on High Street - 1936 Picture of the Shelling of Carlisle sketchGd by Thomas Hast. Collection of 2 :< 2 slides of local history Laken from A. A. Line Collection and others. Half of banquet table 1'lith rounded end and drop leaf on the under side of 1'lhieh is a label marked "Roger." Collection and holder of De~~er SDoons of the 13 original colonies (limited edition) purchased from the Franklin Junt. , . ......, .... III' "j ;' "I::: :O~r~~{'~~ V " , ," .....,)~,:2.::~.~LvJi~ <:>.: q W;;: q ~'" 0 ,~ E-< Oo! , ...J ~~ '" H ~ . . uf <:>':>J c,; U1'" H 0 rc: ZZ~ r=l o o:~ ~ '-' _0 0 <:>.:1= rc: <", 2 . .' .: ~ . CODICIL CUMBERLAND COUNTY, ss: This ....ou....:?:..~,-::-.!..,...,.."'........, day of ..,..."'....,........}~b~........., 1980 A, D.'>m1!~X..n. before me ~,~.~.~~,x"'M..(;l,~Y-..<;;.,.J.~i.L......,....,......... Register for the Probate of Wills and granting letters of Administration in and for said County oi Cumberland, in the Common- wealth of Pennsylvania, personally came ..M.,o,dg!)J~....hR\Y.~r.9.(I.c;l,.A..i.!.e~!)..G.,....I$Ltn~L...,........... ........, m.........,..,"'.,.......the subscribing witnesses to the foregoing instrument of writing purporting to be a ,....J:;;.t.:"......codicil to the last Will and Testament of ....RO,G,ER.K., TODD......,......"...........",......m.. Dated .J~!'lJ-j1.9..., late oL.....m..~flr.!1,~!!L..,............, ......,.."'....., Cumberland County, Penna" deceased who being duly ,~9.~!L...m' according to law. depose and say, that th,~..w.er.~.., present. saw and heard the testa,t.ar..ou....,. ,..R.O'G.ER..LC,J,O'OD.m.."'....,........sign. seal, publish, pronounce and declare the said instrument of writing as and for a m,,"''''' codicil to h.is......ouTestament and Last Will. and at the time of so doing ....h,~"...."was of sound and disposing mind. memory and un- derstanding. to the best of J.b,~i.L"" knowledge, observation and belief. ..m...~~~r.':lm..."'mm'.....'m.. and subscribed before -j M.ll....'-~:n\" R. t~ .mMario'ri"R:"!:owei-..,....,m...,.. ..", '.......m'...'......".. .q;2~.~, ,j~"...;t~~~.. ,a~l ~ t(~~er of Wills Mary C. ewis '..'.....'.-''':,-.''m.....m''7....':,:y..:''h".......m..'.........' t../.I,-E'G' '~:::H,,, ,L:f..--ll.l......d::W,:'1..:...",......,., '" een . Kitner r-:9l " .-. ' . ..- "'. CODICIL TO \I1L1 I, Roger K. Todd, make this a codicil to my \'Jill dated November 12, 1976. 1. I amend paragraph 3 of said will to read as follows: "3. I give and bequeath Fifty Thousand ($50,000.00) Dollars to my nephew, C. Robert Todd and Fifty Thousand ($50,000.00) Dollars to my niece, Elizabeth Todd Trego." 2. I affirm said will and prior codicil or codicils to it in all other respects. December 21, 19~ . r. ,/ ..--" '" ,jJif~t'r/ /~ /;J;}?L . OGER K. TODD Signed, pUblished, and declared by Roger K. Todd, the testator named above, as a codicil to his last will, in the presence of us, who, at his request, in his presence and in the presence of each other, have subscribed our names as witnesses thereto. tv) co~-c-v-- /\( L~ , ,I . (/,/ I .( ,.,. A/7 . ,.:f: l:::YVA) ,,') / ','. - " . " .' '. '., CODICIL TO \'IILL I, Roger K. Todd, make this a codicil to my will dated Nov. 12, 1976. 1. I revoke the codicil to my said will dated September 13, 1979. 2. I revoke that part of paragraph 9 C of said will in which ~ pal~s of my estate are given to 5 charitable institutions. In lieu thereof I substitute the following gifts of the 10 parts of my estate then remaining: a. One part to the charitable organization in Carlisle, Penna., now known as the "United Way of Carlisle." b. One part to the Homewood Retirement Center of the United Church of Christ (Carlisle Facility), or its successor. c. Two parts to the Cumberland County Historical Society and Hamilton Library Association, Carlisle, Pennsylvania., " d. Three parts to the Carlisle Hospital of Carlisle;' Pennsylvania for operating expenses. e. The remaining three parts to the First United Church of Carlisle, Pennsylvania in a fund known as the "Roger and Helen Todd Memorial Fund" to be used by said church to defray general expenses with the following~e~geption: If said Church builds or rebuilds at its present or any other location, the entire Roger and Helen Todd Memorial Fund income shall be used by it to house and install ih the Church building,or as located by the architect, the "Todd Chimes" now located in its church edifice, with all the necessary mechanisms. On the obtaining of perfect manual and automatic operation of the chimes after such installation, the said income shall again be used to defray general expenses. 3. I affirm said will in all other respects. In witness whereof, I, Roger K. Todd, being unable to sign my name because of a tremor in my hands have had my name subscribed for me in my presence by Marion R. Lower wh~pon I have made my mark in the space between my name this ~ day of June 1980. 1P o:r-~ 1" ~ HIS. #' MARK T~ a- On the ~,\ day of June, 1980, Roger K. rodd, the above named testator, J.n <<;luX' presence declared the".preceeding instrument to be a codicil to his last will and being unable to sign his name because of a tremor in hi~ hands directed his name to be subscribed for him which the undersigned Marion'R. Lower did subscribe as directed in the presence:,'of said testator and in the presence of the undersigned, whereupon the testator, in our presence, llnas,sisted made his.' mark or cross in the space provided between..h.is names, "and',.we, in his'presence, and in the presence of e'ach other, 'at hisJrequest, ,'" ":.' have subscribed,jour n 'a's, as witnesses. ." . ' , q" '.f ;,. '({/v':~~ 'o~~:____ . a~~ 1; =x;:z;y,..QPJ'~::/',~;.. ,'" - '. "..,,',- "j' \.,'f" , ;~.. ~ -' w~ -' Cl 3< ~ Cl O~ . 0 -l ... ~ 0 l- . ~ ui I- ~ >~ U- . Id" -' 0 ~ zz~ u 00:< "" OU Cl w c:1= 0 0 << U 0 ~ "" -' '~ ., -' , .- ., COMMOHW[:'l.rt~ f.'~' :.~~.;~~ YL '. ,'.>1:' OEP;\RT,,\(t~T ,li: r;:\', .;t:;" BUREAU 0" COLdn '( ':U,_ L' '.., k ';.j I , , i<EGISTEREO IN TliE NAME l OF A RESIDENT DECEDENT ..'-- ------- .._- '* "PPLlC,; TION FOR AND COt~SENT ru TI~^,,~SFER SECURITIES DATE Sept. 12, 1980 APPLICATION (MUST BE FILED IN TRIPLICATE) TO THE PENNSYLVANIA DEPARTMENT OF REVENUE: Application is hereby made far co"ent to the transfer of the following securities of a Pennsylvania Corporation or a Notional Banking Assaciulian located in Pcnnsylvonia: (0)_10___(bLPe~~y~~an!lI.}lIll~r...!. M~!~.i))l!l.~ond Trust (c) cOIlIIIIOn (NOTE: In describing sccurilia, en tel in (a). ab Ole, eithe, the number of shares of stock or the face amount of registered bonds, in (b), the na,"e of the i"suing :onlpuny end in (c) the closs of stock or the stated inlerest rate and moturity dole of registered bonds.) ISSUED ON__J~~,~~' 19~~,_ r,ou having 0 TOTAL MARKET VALUE OF S 7,692.60 :.0r11l') os of ,he date of death or the decadent Roger K. Todd , - _.,__..., .._-,------______0_- (NOln<l of Oecl.:dunt) _, on July 6. 1980 (Date of death) who was late af,_~2!~es~,l!ig~~,~'_~ar~isl':!, Cumberland, PA 17013 (Stala) (SH'~ef and tJumbcr) (Po!.! OHico) (County) The securities orc rc-gistere~ (':: follows: Roger K. Todd (~lornc or names in which certlficatos ore registered) ADMINISTRATOR) ~~rll,Trust Co. IIDd_!I~!..Il1LE,"-!.oddt Co-Executor. P.O. Box 220. Carlisle. PA EXECUTOR) (Ne",.; (Address) NAME OF APPLICANT Farmers Trust Company C 21 80 503 C Carlisle. PA 17013 OUNTY FILE NUMBER ___" ____ _______ ADDRESS OF APPLI ANT BUREAU FILE NUMBER___, ____,_SIGNA TUR;: OF APPLICANT IU- NOTICE: IF YOU FAIL TO PROPERLY FILL IN ANY PORTION OF THIS APP IICATION, IT WILL NOT BE CONSIOERED COMPLETE AND WILL BE RETURNED TO YOU FOR COMPLETION, .- _....-- COMMONWEALTH OF PEI~NSYL VANIA - DEPARTMENT OF REVENUE CONSENT TO TRANSFER SECURITIES DATE I hereby consont to the tronsier of the above securities now registered in the name of the Decedent and waive the filing of a certificate certifying to the payment of Ihe 'ronsfer inheritance tax to which the property of said Dec.;dont is mude subject pursuant to the provisions of the Acl of June 20, 1919, P.L. 521, as amended and the Act of Jlmc 15,1961, P,L, 373, as omended, This is 0150 in accordance with the provisions of the Act of April 9, 1929, P,L. 343, This Consent to Tronsfor the herei" described property operoles only in reference to the estate of the above-nomed Dececen t. t ~~ ' . ~.' i "'~" ~ ,',"'r "- rj...:..~~l.'r _ ~" ~':>'.;'.;;"i- ,- ..../,., , it,'..":",, *' COMMONWEAL TH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF FIELD OPERATIONS Post Ollie. Box 2970 Harrisburg, Pennsylvania 17105 REV. I. "-771 September 9, 1981 IN YOUR REPLY PLEASE REFER TO Ms. Mary C. Lewis Register of Wills Cumberland County Court House Carlisle, PA 17013 0 ~ or- c::1TI - :t:~ ,,"" ~ rr'I~, ::tI-,ti 'U r-" ~~;? ~ 0 ~~...i a , , I- .:.~ :' '-,' Dear Ma. Lewis: Re: Estate of Roger K. Todd County of: Cumberland File No. 21-80-0503 Date of Death: 7-6-80 Thank you for your letter of June 16, 1981 regarding a chari- table remainder unitrust established under will of the above named decedent. Using the valuation approach approved by the Court of Common Pleas of Montgomery County, Orphans Court Division in Schoelkopf Estate, 28 Fidu. REP. 211, we have determined the factor to calculate the taxable interest of the present unitrust is .308852. This factor multiplied by the principle of the unitrust is the taKable value and the balance is the amount that represents the charitable exemption. This factor is based on the terms of the unitrust assuming monthly payments and assuming each valuation date is at the beginning of the taxable year. The calculation was also based on Table 38 of U.S. Life and Actuarial Tables 1939-1941 and 3~ percent interest as provided by Pennsylvania law. If I can be of further assistance, please do not hesitate to contact me. i~Ut;;JLJ walter Z. Sanker Administrative Officer Special Processing E:44 :0:0 ",'" C'Jo _0 <~'" ~a ,"!,,..,, ~:J , -' -"I :::1 "~ IIEV",," EX' (3,HOI ~~~,~(l ' G\;p1.. L____ S/CHqEf'DU( LE "F" COMMONWEALTH OF PENNSYLVANIA ~ OEPARTMENT OF REVENUE STATEMENT OF DEBTS TRANSFER INHERITANCE TAX AND DEDUCTIONS RESIDENT DECEDENT --=-=-- .. Estate of Roger K. Todd Date of Death 7/6/80 WHEN CLAIMING THE FAMILY EXEMPTION. COMPLETE THE FOLLOWING: File No, 21-80-503 Claimant Helen E. Todd Relationship to Decedent _ Spouse Claimant's ,L\ddress 127 West HiP.h Street. Carlisle. PA 1701 '\ ITEM NO, DATE NAMe OF PAYEE REMARKS AMOUNT Famil Exem ti n pRny Hoffman-Roth Funeral H me The Evenin Sentinel Cumberland Law J urnal Farmers Trust Com an ellerlLTeat Re e ed r' Fee Farmers Trust Com an Marion R. Lower Fee Misoellaneous olos' and filin ~ ,~",f(';; TOTAL THIS PAGE 67,464.77 I hereby certify that to the best of my knowledge and belief thl' 0~i~9' a 'and restatement of debts, funeral expenses and expenses of administration submitted to the es aedu' Q,f ilance Tax purp~sij -;:;t,;:'N' -1 '1l- " ....., ,~/ C if SIGNATURE OF ATTORNEY/ DUCIARV OATE OFFICIAL USE ONLY DEBTS AND DEDUCTIONS ARE ALLOWED IN THE SUM OF S AT ? 1-/ ~ PERCENT, /- 6-:J I DATE GENERAL INHERITANCE TAX INFORMATION Unsatisfied liabilities incurred by the decedent prior to his/her death are deductible against his/her taxable estate, In addition to debts incurred by the decedent or estate, other items are claimable including the cost of administration, attorney fees, fiduciary fees, funeral and burial expenses including the cost of a burial lot, tombstone or grave marker, All debts being claimed against an estate are subject to the approval of the Register of Wills with whom the Inheritance Tax Return is filed. Evidence to support the decedent's or the estate's liability for the debts being claimed should be attached to this schedule, A family exemption of S2,OOO may be claimed by a spouse of a decedent who died domiciled in Pennsylvania, If there is no spouse, or if the spouse has forfeited his/her rights, then any child of the decedent who is a member of the same household can claim the exemption, In the event there is no such spouse or child, the exemption can be claimed by a parent or parents who are members of the same household as th'l decedent, The family exemption is allowable only against assets which pass by a will or by the Pennsylvania Intestate Laws, ' C "'I:l " n > t"1 > ~ '> 0 0 " Vl " Z C'l n c: " -l Z s: Z t"" t"'l t"1 :>:: z > 9 9 t"" Z ;:<:l -l Z Z t"1 -l t"'l P 9 -l -:: '" t"1 "C;; Z 0 '" 0 -l 0 "':'l "':'l ;:<:l > ~ 0 -l ." - ~ 0 ." - , Z n 1,;': - C'J u > , 0., ~..~ :3 t"" l., ,,-", c: L.~: . .;::'": C~ ' '0 :::::?: '" C)f:':. I t"1 L:Jhl C:: ~2.J 0 . c:,t.. ~o:: Cl- .... Z a:C.f; cc 'c:> 0(3 ~-;- :< '->w [:55 -:: -:: ~c: - -'u trl t"1 - 50 u >- >- ;:<:l ;:<:l INSTRUCTIONS FOR COMPLETING SCHEDULE "F" 1. If the family exemption is being claimed, indicate the claimant's name, address and his/her relationship to the decedent, Enter "family exemption" in the remarks column and the amount claimed in the amount column. 2. Assign consecutive numbers to each item listed, 3. Enter the date on which each debt was incurred andlor paid, 4, Enter the names of each payee, 5. Provide a brief explanation in the remarks column for each debt claimed. 6, Enter the amount of each debt being claimed, 7. The form must be signed by the person who has assumed the responsibility for paying the debts, ~;~~~'~'),( :t: ::~~~~~.:j,}~~:~::2:;',,-'::';'.:. , , cc CO) n>> 1f It F.\.Ul\-IERS rrUUs'r COMPANY CAHr.rSLE. PA. 17013 August 17. 19U1 PUONC (717. 243_3212 i-: cd ",'" p,~ '';)0 .;);0 ,Cl "t'TI 'io ,-;, ,11 'I <," -,:' CumborlilJld County Inhori tanoe Tax Offioe 16M 1lrook<,lOOd St=o!; H;u~r1sburg. PA 171011 A'1'T1l: St03phcm Berg=<> ~ , '; lIE: Estate of Rogar lC. ~odd, D.O.Ii. 7/6/,11, rile 110. 21 ~0-050' Dear Mr. Ber(J!'IIo: ~Ir. Lower delivp.ro(l form m,"', 591 ro (oool09l1re:5) ei.,ned by you for the abo-/e referenoed estn:te. I"; shovs th"t Pennsyl"/anill Inhe:rit~ce Ta;c in the BlDount of t55. 1L9. :7 plue interest from 11/6/31 is d.ue. Our calmtlations Aleo indioa.te that tax is due; but our figuree shO-,1 that the principal MIOUI1t of that tax 1a ~:1.;;15.06. l3ec:lUse +Jw 'lisoraponC"J is large and therefore the possible intorest li9.bili~ is correS]>Ondingly Inrge, I would a.ppreoiate it if you .Ioulll revlev rrr:r oalcul.,tions bolow and i.nfor.n mo of yo= position liS soon all pollsibIo. Before I oet forth my oaloulations. I '.dah to note that this is a oOlllJll1oated estate upon whioh to figt.".re the tr?1lafer inhori ten"" t~.;:( beoause of the tvo chari table remninder uni truots lIhlch r.I1let be t.<1ken into consideration. It is my understanding (el ther from Dob ",1:lrlfi; or \larren !Clunk) that the present value of tllOse trusts is cRlculnteil MCOr<linlJ:to Federal Income T!lX regula.tion 1.66u-h. If this is not oorreot, J,1lMflo e~lain the correct procedure. l'lr. Todd's 11111 takes wlvlJllteJj'O of the n13x1= marl tal oeduotion, makes tvo speoifio bequasts of SSO,OOO each IUld pl"'ccB the balmce in B Charitable Remainder Uriitruet. Ho~~ve~, B largo p~ of the estate ($1,166,219.30) reprosents the v...:lue of mother Ch..'l,:ri tnble Remniniler Un! truat eatnbliehod wi thin tyro yeam of doa'th and thue inclu,U bIe for tJJx purpollOe. In figuring the tax, I firot cLlIoulnt'3!l -"o\'!l:lt !lart of tha l-l'lrital Daduotion ao shown on Sohedule 11 of tho Fodelm Rotnte '-"ox return is reportable (t=ble) for Pennsylvmlle tax purpoees. A copy of Sohedule M is enolosed end marked # 1 for your conveniance. ~laritaJ. Deduotion $790,525.02 Asooto not roportablo for PA Te::c purposost InBUXSn?e (Schedule D) $27,348.77 Joint tlllW10y property (Sohedule E) 59,220.50 Annuity (Sohedule I) h99.07 Taxable portion of Marital Deduction Penneylvon!a Inherl tonco Trot Rnte 6% Penneyl V8Il1a Inheri. teneo Tax ( 87.068. 34) $703,h56.68 x .06 S h2,207.hO Next I eOlllPUted the tax on the Chari table Remainder Un! tru.st ootnblished i11 Mr. Todd during his lifetime. The grosa vnlue of this trust (Trenefero, Sohedule Ct pennaylvnn1a Tax Retunls) 'o/l\B $1,166,219.30 ae of the dnte of Hr. Todd's death. Tho Charita.ble Rel!1lllnder value wae $741,703.81 as calculated for Federal Estate Trot purpoees. (Our a.ttachment to Schedule 0 or that return ill enclosed and marked # 2). The tlL"t2.ble portion is the difrerenoe ae aho,m, below. Gross value of Trt1at Value of Remainder intereet Value of Present interest 1'8Il!lBYl Vll!Iia Inheri tenoe Tax ne. te 6~~ Penneyl vania Inheri tence Ta.x $1,166,219.;0 ( 141.70,.81) f, 42h,515.49 x .06 $ 25,laO.93 Two bequests of 850,000 each were 1Illlde. One to }lr. Todd's nieoe and one to his nephew. The calculation of tax due on them follo'ffl. Bequeet to nieoe Bequest to nephew TotaJ. Rate of' Tax 15% Permsyl vania Inheri tonce Tax $ 50,000.00 50.000.00 I) 100,000.00 $ :It .15 15,000.00 liow the 'l!rust II grose value can be ascertained. Gross Value of Estate Less, Debts &: Deduotione Net Value of Estate Less: Maritnl Deduotion, PA 52,177,164.75 ~ 67 .~64. 7~) <'2,109, 99.9 ~ rO~.~6.6B) , to, 13. JO ~1.166.2~'ag) 240,0 . ( 100.000.00) $ 140,024.00 Less, Inter Vivos Charitable Rtl!IllIinder Trust Less, speoUio Bequests Trust B "'.-"'." The taxnble valuo of the B Trust is oalculated in the SalDe mennor aD the Intor Vivoo Cbn.r1table Remainder Unitrast oxcept that the ,,,nl oallo for quarterly distributicns rather than monthlf distributions. This computation appoo.rs belo\f. Helen X. Todd, bom September 20, 1906, age 74 Qwt.rterlf pa;yment factor .969059 x ~,G., .0484529 Faotor at 4.8<''', fetllBle aged 74. Factor at 5.0%, f8l!lllle B68d 74. .63979 .62877 .01102 4.84529 - ~.8 .... 5.000 - .6 = x .01102 .04529 x .2 ., .01102 .22645 ., x .01102 .0024954 = :It Factor at 4.8%, famale B68 74 Less :It Interpolated Factor .6397900 .00249& .63729 Value of Trust B $140,024.00 Times interpolated factor .6 172946 Value of Remainder Interest $ 89,236.511 Total Valus Truet II $140,0211.00 V8J.us of RemB.inder Interest ( 89.2,6.5h) Value of Present Interest $ 50,787.46 Tax @ 6% x .06 "', Pmmsylven1a Inhon tance Tax $ 3,047.25 A reoapitulation of the varioua Estate valueR, toxable values, rnta ana tllX due falloWB. Estate Values Taxable ValueD Tax Hato Tax Due Trust A (PA) $ 703,456.68 S 703,456.66 6% S1l2,207.4O I.V. Trust 1,166,219.30 1124,515.49 6% 25,1170.93 Speoific Bequests 100,000.00 100,000.00 1556 15,000.00 Trust :a 140.024.00 50,781.J~6 6~6 'M47.25 82,109,699.98 $65,725.56 Please note that o.dding back: the Debts and Deductions whioh were allowed of $67,464.77 to the Estate Valueo bringo the total into line with that Dhow on the "Notioe or Filing of App:roisoment" (onoloaure # 3). I also have enololled a oopy of tho PennsylVllIlin Inher! tonoe TIlX receipt (# 4) for taxes paid of $80,000.00 pluo 11 five percent diecount of S4,210,52. Tho total tax oredit thus allowed \mS $84,210.52. AsSlllll1ng that my caloule.tions are oorrect, the tax still owing is S1,515.06. ($85,725.56 - 84,210.52 D $1,515.06) . I will appreoiate your very prompt reaction. Thank: you. ve~ yours, {(rz:, Dennis C. Caverly Senior Vice President and Trust Offioer rec/dkp Enolll. 001 Marion R. Lower Mary C. Lewie P?OM SfH~t.ll'l.-€. 0/ te".Zt'-( 70(. I ::r-,I\.S. ':# :z, Oalou1aUllIl or Value of Roma1nder Interest under Chari tnble 1lema.1nI\Cl" 1Jl:I1 trun ..-tab11abed by ROll'8r K. Todd 12/h/79. ' &.11D L i'od4 bom Septembor ?O, 190G; ~ '!I, JIaIltblr P8JIIIDt tootor .97,3784 X 5" .eJ.68~jI 'O'lJbJ"f:';' lIIoto~ at 4.~ tor tlllUlls oaed 7h hotor at S.C1)(, for tllllale Il80d 7" .6391? .62877 .01102 1M86892 .' h..6 X '5.000 - 4.r. .01102 .06892 --...X....... .2 .~ .3446 . X .011D2 .0037974 . X " " ho~ at 4.6 tor ttllale nged 71l Leu X ID~ted tactor .63979 '?O '180 .f,J!J99 Date ot Death Value ot Chari tnble Romainder 0n1 tru"t 'II....t,,~..t' 1nte:re.t,pre.ent Valuo, Date ot :Dellth OIl :Al boo ....t. Yal'CMl or Chari table R8lIlA1nder 1Jn1 truet ,~- !'1mH 1nterpolated tiOtor"-"-:-:-,-::-:",,_c,,~, ",'.,:, .- ..........'1]:' mteriat, "'pToll8nt Value, 11 teme.~ Dnte 1,1h6,219.,'lO X .61599 7!a1,70).81 ~ ~_.-..-. 1,297,10!h'36 )( .61599 '" , "'''821;-;948;54- - IUV!l!l.ro . COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE C8-l11-el ::i:f ~/ ESTATE OF ;t~ "f ),~~, // rf. i4'1'--K-e-V $-r {~d~e..,;1:, / 7 () / ~ ROGER K TODD 07-06-80 D. O. D. FILE ~O. 2l eO-OS03 A review of our records has disclosed that you 8ro responsible for the sattlamon. of the above estate or, in the alternative. that you represent the responsible party. Section 701 of the Inheritance and Estate Tax Act of 1961 requires the personal representative of an estate and/or a transferee to make an inheritance tax return. In addition, Section 711 states that inheritance tax is due at the date of the decedent's death nnd shall become delinquent at the expirarion of nine (9) months after the decedent', death, Our review shows that this estate remains open because: _An inheritance tax return has not been filed; ~Tax in the prinCipal sum of $55.. 419. ;7 ,plus six percent (6%) annual interest from lj 4 - 0 b - 81 remains duo and unpaid. Inheritance tax returns and tax payments must be filed with the Register of Wills of the county in which the decedent resided at the time of death, Our records indicate thai action on the items checked above is now past due. However. we are extending 10 you 8 len-day courtesy period from the date of this lelter to permit you to sellle this estate. If you fail to do so, the Department of Revenue will make a formal demand on you or your clion1(sl and, if necessary, institute legal action. II you have elready taken the requested action disregard this letter, BUREAU OF FIELD OPERATIONS c- INVESTIGATION )VI~ION ~ ______~A'7~, /~~ , ADDRESS REPLY TO CUMBERLAND COU~TY I~HERITA~C[ TA~ OFFIC~ 1846 bROOKwOOL ST HARRISBURG PA 17104 7171767-9869 C'l cD ..- :o~ ::." - ;-";1) m(") ''0 00 , -:=. -;;::0 ".-:-, " -10 il1r'Tt -, ~ :""J9 " " ,",0 -.:..." .'71 - ":0 ", :tl1 ~~ "" "" "'1.......-. ",," ",('Ao J-- ,;J(j#~t !!~ /J)I)~ /1/ ~jL~ q-,)~ -,---_.- . ....-.,--. . '. . Aquat 17. 1961 C1DbelllDd OouDV IIIber1 '- Tax Otfioe 1846 Braokwood Stftet lIarrl..baq. PA 17104 A'r'DII Btepbe :BerpDO .-.'"111:1 htate 01' BoBer E. Todd, D.O.D. 7/6/61, tile 110. 21 60-0503 Dee 1Ir. :BuoooAwl . 1Ir. Lowr .wUnred tom m:v 554 J'O (1D01~ #'5) .fr-A lIT 70Il tor tile aboft z.f__ed ..tate. It abova that ~871V8DS.a ID!IftltiDoe Tax 1D tbe -.at 01' 1'5'5.149.37 pla iDtez.at ~ 4/6/81 1. &M. oar oalCllllat1ou alao 1Dd1oate tbat tas 1. &M, Nt 0111' t1aue1l IIbov tbat tbe priDo1pal .oant td tbat taz 1. 11.'51$.06. JIec_ b d1aoJ:.~ 1.1.. IG4 tblrefOft 1::Jw pou1bl. iDtereat l1&bi11 1:1' 18 COrN~ lup. I VlIIald aPPfto1ate 111 U 7011 WI7l&1d rni_ .. oaloulaUou below aII4 WODl _ 01' JOIlR' poll1Uaa .. IIOOll &Il po.aible. JetOft I ..t torth ., oaloulaUOI1lI, I viah to DOte tbat W. 1. a oo.pUoaW enate v:paa W10h to t1care tile trsuter iDberi t8Doe taz beo_ of tbe no cbar1tabl.:I: -ffto\er 1m1t1:ut8 vb10h III1IIt be takeD into ooaa14ftaUClIl. It 1. .. ~ (eUlier ~ Bob &britt or Warrell nuak) that tile 1/4..111" val. of tha.. traIIt, 18 caloulaW acc0rdiD8 to Fedl1'lll I'l"O"'A 'bz ftIlIlat1aD 1.664-4. U tllb 1& IIOt oorrect, pl.... n:plaiD the correct prooedlu:e. Mr. Todd'. wm tete. a4vlmtaBe 01' the .......f_ 1II&r1ta1 deduoUaa, IIIkH two apec1t1o beqae.t. 01' 150.000 .ach 8Dd plRoea th. ba1mo& in a Cbar1tabl. JI-.f......r ~tJ:\1at. Howvar. a lo.rse part 01' the .state (11.166.219.") repz.MIlt. the nlue of 8IIOther Char1table R...f~.r trD1tNat .atabl1at>>4 within two :J'H1'II td death 11II4 t!Iu includible tor tax pIIrpOlI8.. III tJ.ca;r1Dlr tile tax, I tint oalaulated 10lbat part 01' tbe ICarltal DedaoUcD .. IboWl CIG Bche4ule H of b ledl1'lll E.tate Tax retam 1& reporlable (4<...."1.) 1'= ~1Ym1a tax parpo.... A cow ot Sohedul. K 18 eIlOl.-4 _ _'04OM 11 1'= JOIlR' o-....J._. . ,. \0, _/ 'DIe taable mUle ot the :B TrulIt 18 caloulatad in tho .OIIMI awmer .. the Inter Y1~ Charitable R--.1nder Unitrut except that the Will oall. tor qua:rier17 411triblatllll1ll rather than IIOIlthl7 dilltriba.t1onll. '!bill COlllPl1tatloo appea1'll below. Bel_ Eo Todd, bom Septellb6r 20, 1906, lI8'I 74 Qaarter17 pa;rMAt tactor .9690S9 :It ~.. .0484529 hotor at 4.B%, t-.J.e 88114 7h. hotor at S.O%, temale as-"- 7h. .63979 .62877 .01102 4.?S29 - t.8 :- .000 - .8 x .01102 .01&529 :It .2 .. .01102 .22645 .. x .01102 .0024954 .. x Factor at 4.8%, tllllale age 74 Lee. x interpolated Factor .6397900 .~249& . 3729 Value at 'huIrt B 'l'iIMe iIlterpolated tactor Val_ of Q....4"'A.r :! I :."_. '-fl: Intereet 1140.024.00 .6 '372946 1 89,236.54 Total Value '1'ra.llt B Val_ ot R-h'<Jer Intereri Val_ ot Pre_t Intereri Tax 0 6% 1140.024.00 ( 89.236.54) 1 50.767.46 x .06 lWmqlVllDia Inberi tlmo. ~ . 3.047.2S __u..__.._...",.. ,.,-.~" .// / A recapitulAtion or the VarioUII Ell tate Yl\luell, taxable vnlue., rate IllId tall: du. rollod. I.tate Values Tl\X8ble Values TI1X nate Tax IQt 'r:ut A (PA) 1 70),456.68 $ 70),456.68 6'}6 142.207.40 I."'. 'r:ut 1,166,219. )0 424,515.49 6% 25.47/).9) SpeoUio :&equate 100.000.00 100,000.00 1~~ 15.000.00 'hut :a 140.024.00 50,787.116 60/. 1.047.25 12,109.699.98 165.72$.58 Pl.... DOte that add1Jlg back the Debts and Deduotlona vh10h were allowed or 167.464.77. to the E.tat. Values br1ngll the total into line with that show OIl the "Iotioe ot ID1n6 or Approill9MDt" (enolosure # 3). I alllO ban coloeed a oaw or the Perm.,.lvnn1a !nheritnnoll Tax receipt (i 4) tor ~. paid of 180,000.00 plua a rive percent di.oOlll1t ot 14.210.52. Tbe total tax ore41t thWI &110,",4 11ft. 184,210.$2. AB~ that \If oaloul.at1ClUl are oozraot. the tall: still ov1Dg i. 11,$1$.06. (18$.725.58 - 84.210.52 · 11.$15.06). I vUl appft01ate rou:r: Wlr!T ProlIPt reacticm. 'l'bank 7OU. Vert trul.7 JOU1'II. . DIaDi. O. Oaver17 s.1or V1~ Prell14ct lID4 TJ:ut Officer ooo/dkp Enol.. 001 HariOll R. Lover Ma:q O. Levia ,._____ _ ___ _ __ _ __ ~._ _ _ _ n__ ~__ __.__ _ - - ----- --- - - --- ':'" ---- r... -- -.- '* ,~EV.'1e2 EX 1 COMMONWEALTH OF PENNSYLVANIA Nolo 7 0 4 8 Q DEPARTMENT OF REVENUE , O'!!FICIAL RECEIPT' PENNSYLVANIA INHERITANCE AND ESTATE TAX RECEIVED FROM: roo r...~ TrWlt COIIpa.!lY ,_,__,__1 1 W. ll19.h Str.e.~ ____ ________'_.. CarlL. ie, ... 17013 .---.-..-.----..--...-- -"'." --- -~-- ------..---- _.------- ..-."..---------- L ESTATE INFORMATION: FILE NUMBER NAME OF DECEDENT DATE OF PAYMENT 21-80-503 TODD ROGER K. .:Wlua 7 :IRI983 MI m m AMOUNT POSTMARK DATE COUNTY DATE OF DEATH Cumberland July 6, 1980 ACN Assessment Control No. Probate 1,515.06 REMARKS SEAL --1 \1il'''A,^M,"'' 'Am I ~ ~ a Ii ~ Il' II S ---_J! 1,515.06 RECEIVED BY " /i / / , " ~ /-r t. , -/,,; ,/ , , (,.t. '.JIGN URE" / ~ (/ ... --- ..- REGISTER OFWILLS = - . --- . ~ -- ...-... .. .......-- ~ -- -- -'- - -- -- - - -- -- - -- ._-- - - - -- -- - ~--- - - - .-- -- - - - - - -- _~'il:"<oI.__:'_.::':~~.~,.,..._~.!'~"',..,.~_..,_''('l"!~.~".'t~~.,...'"';..- fa en o ",Z 00 O::H "'E-< ::> 1'<<'1 Ol;! r>JE-< S~ 00 B en 't:l .. -< Ill'" H lllo-l :i! ..en ~ ~~I'< ga ~CI] ..C3oe~ oZoz 0 E-<~::> Z Ol'<~ u ~r;;~ ~00i';!1:l o-l.~ .1'n:3g;jfj'l "'~H ~::>-<:o:O ZZO O::~o-l8u O::>E-lM~O< .. :0:00::0<-' <'I Z E-<O :SUt:JLOO HCI1Q o 000::"'1'<::>0 US U I := 0:: E-< ~ 01'<E-<<=lE-< ~o-l;,,"i'OI'<:i!enr.l O::~.-lr>JO 0:: E-<"'iilN~ E-<~Z ~~'" 'E-<~ga ~ o ~OrJ)_t-l r::a U OZr>Jo-ll'<l'<:= N . CO 0 0\ ..... .-l k . .. '" i1l .. CJ .. <=l :. ..; <-' ~ ~ <=l I'< I'< I'< o 0 '" '" ~ ~ <=l <=l N CO 0\ ..... ......'" O..c .. "c - ~ t;:i 'd 0. cu a OJ '"' .::: ... ci -.52 '::; o ~.. , QJ] " .>! 'I: e '0 ti ~ ~ is ~ c <- "'" - () !:: .1: ~ ~ !:': go ~ .. .. " ] ~ g ~ -- >. c c:. :t::"'~ t: g ~ " e CJ " OJ >.... a ~ .s '';; ~Ul ~ , o _ ..... ':.J ,', >. " " r: ""0 +-' w'-0 0 E v:; ~ u ~-:g~~ " .: ~ r.l ~ '5~~-5~ ~;, ~ ~ cr.:>.o~ ~_ B ~ ...... - "t:: .. o;,.-~ cu ~ c1 ~,_: ~..c t: ~ ~ o<o',~ ,.s'.E- o ,"':t. .....,.J2.':'.~ . 1I~ or.: '8 ~_ :tii::~...,~ af.,CD, ~,':5:':.e.'o c: ~ '.s':'€Cf: -~ 'S< .;; rA"~ c::'~ :1J "C" Q) E c c.,' 1"'":-' C o c OJ-~ - = ~.. ;:: o ~;::~,,_OJ ,(.t 0 ~~: 1-0 2 'f -= E 1.0 Cfj c..... -'.0.... ... -,= '+-I .0 .c :-1:'; .~ -;:; 0 rl i;:u .1h ;a ~ c I&) .... ;>._ U ~ 'g ~ 0 s ~ 'c .:.} c ~ :~ b: ~;:'.E""';1Q)c .... ~ tf}'~ ~ ~::. ai .:2 d .g s ,g { -L: :: . ..>- ~~ "':!: ~o .c.J kl-- Q)tr.l ~::J o-le:: t- Pltr.l =e:: oLU ....:!: ke:: ~i:f: ~ .~ d t 0'3 '" :;'J~ ~::n ,0 .,,:0 ,~. :~ ,-, . -~~ ? 0( z 0( > .. . )oil Ill., ZCl z': .. " Q,.lI . e .. . ~" ::i, It 0( U CO~WOSITION OF NET BALANCES PRINCIPAL 15M par Abington Heights School Dist. G.O. 5.15% 1/15/87 l5~1 par Bethlehem Auth. Revenue Bonds 3.35% 4/1/97 15M par Carlisle Area Hospital Auth. 5.20% 3/1/85 20M par Borough of Carlisle G.O. 5.40% 7/15/91 20M par Carlisle Area School District G.O. 5.15% 3/1/88 15M par Central Delaware County School Auth. 5.25% 2/1/87 10M par Community College of Delaware County Auth. 5.375% 10/1/89 15M par Delaware County Auth. 6.20% 6/1/90 10M par Delaware River Port Auth. 5.35% 1/15/83 20M par County of Delaware G.O. 5% 10/15/87 10M par Delaware County Regional Water Control Auth. 4.90% 5/1/86 15M par Easton Area Jt. School Auth. 6% 4/15/88 15M par Lancaster Area Sewer Auth. 5.40% 4/1/86 10M par Northhampton Co. Area Community College 5% 6/15/87 10M par Commonwealth of PA General State Auth. 4.50% 7/15/87 25M par Commonwealth of PA State Highway & Bridge Auth. 4.10% 12/15/86 10M par West Chester Area Jt. School Auth. 5.15% 6/1/93 20M par West Shore School District G.O. 6% 6/1/89 Cash INCOME Cash PRINCIPAL RECEIPTS Inventory Filed Per Copy of Inventory Attached Adjustments Charitable Remainder Unitrust established 12/4/79 by Roger K. Todd, settlor (Schedule C, Transfers) PRINCIPAL CONVERSIONS INTO CASH 9/15/80 Gain 5M par West Jefferson 3.75% 11/1/89 Proceeds Inventoried at Hills Jt. Sch. Auth. 3,068.35 3,468.75 cULr\ ,. o. I\I"r ro--:j ....',,;,, _Uc ...U_ 14,756.25 7,875.00 13,350.00 16,575.00 17,400.00 13,481. 25 8,637.50 13,631. 25 9,675.00 17,650.00 8,750.00 14,550.00 14,175.00 8,762.50 8,237.50 20,625.00 7,737.50 18,275.00 134,072.89 ~==~g~,!,~!g=g~ $ 6 801.07 ======:!:====== 2,177,164.75 (1,166,219.30) ~=h~!~'!'2~~=~~ Loss 400.40 9/25/80 9/25/80 9/25/80 9/25/80 9/25/80 9/25/80 10/20/80 10/28/80 12/8/80 7120/81 20H par A1toona Area Sch. Proceeds Inventoried at 25H par Carlisle Borough Proceeds Inventori"d at 15H par Delaware Proceeds Inventoried at Dist. Auth. 5.20% 7/1/85 18,305.20 18,500.00 Sewer System Auth. 25,290.00 25,500.00 7% 12/1/83 City Housing Auth. 5.25% 7/1/82 14,613.75 14,850.00 15H par Guilford Twp. Auth. Proceeds Inventoried at 25H par Hatboro-Horsham Jt. Proceeds Inventoried at 15H par School Dist. Proceeds Inventoried at 6.25% 2/15/82 15,000.00 14,962.50 Sch. Rev. 4.90% 3/1/83 24,341. 75 23,718.75 of Lancaster G.O. 4.30% 11/1/82 14,142.75 14,062.50 10 units PA Insured Proceeds Inventoried at Municipal Bond Trust 7,088.60 7,692.60 10M par Conewago Valley Sch. Proceeds Inventoried at 20M par Lancaster Co. G.O. Proceeds Inventoried at 10M par Allen Jr. High Sch. Proceeds Inventoried at t-lJt.r, ..L..'_u i,'t.Gl Series 7 Dist. 6.75% 10/1/95 10,000.00 9,950.00 5.55% 6/1/86 20,000.00 19,900.00 Bldg. Auth. 3.50% 7/15/81 10,000.00 9,550.00 3 ,... ....') ~u":" 194.80 210.00 236.25 37.50 623.00 80.25 604.00 50.00 100.00 450.00 I i 10/22/82 30H par Allegheny County Hosp. Dev. Auth. 5.90% 7/1/84 Proceeds 29,203.50 Inventoried at 29,062.50 141. 00 11/30/82 10H par Tuscarora PA Sch. Dist. G.O. 6.125% 10/1/87 Proceeds 8,450.00 Inventoried at 9,637.50 Totals 1,187.50 3,819.85 4,804.80 Net Loss Transferred to Summary g====~~~=~~ 7/25/80 8/4/80 8/15/80 8/20/80 9/15/80 9/25/80 10/2/80 10/6/80 10/10/80 11/20/80 11/26/80 4/3/81 4/3/81 4/6/81 4/16/81 1/18/82 7/21/82 9/22/82 11/23/82 PRINCIPAL DISBURSEHENTS Farmers Trust Co. check payable to Russell Lackey Register of Wills, Letters Testamentary Hoffman Roth Funeral Home The Evening Sentinel, advertising Letters Testamentary Cumberland Law Journal, advertising Letters Testamentary Farmers Trust Company, safe deposit box rental Massachusetts Mutual Life Insurance Co., reimburse for check dated 7/7/80 on Policy 1 561 947 Carlisle Hospital Internal Revenue Service, quarterly estimate Notary fees Register of Wills, partial Pennsylvania P.K. Miller, Inc. real estate appraisal Dean Shull, personal property appraisal Register of Wills, Short Certificate Helen E. Todd, co-executor's fee Carlisle Memorial Service, Inc., footmarker Register of Wills, certified copy of Will Marion R. Lower, Esquire, partial attorney fee Internal Revenue Service, Federal Estate Tax Notary fees Register of Wills, filing Internal Revenue Service, Marion R. Lower, Esquire, Internal Revenue Service, McNees, Wallace & Nurick, Internal Revenue Service, Reserved: Marion R. Lower, Esquire, balance attorney fee Farmers Trust Company, commission Closing and Filing Costs 25.83 135.00 3,729.22 18.00 18.00 26.25 Inheritance fee fee Tax 37.97 120.00 179.00 3.00 80,000.00 100.00 100.00 1.00 5,000.00 255.00 2.00 15,000.00 158,258.03 6.00 6.00 112.00 15,000.00 1,162.79 270.00 243.40 Inventory income tax due partial attorney fee balance Federal Estate Tax conferences and research interest charge due 3,000.00 22,216.50 500.00 Total Principal Disbursements $ 305 524.99 =======:!:====== 5 7/14/80 8/18/80 12/22/80 1/9/81 12/7/82 PRINCIPAL DISTRIBUTIONS TO BENEFICIARIES Helen E. Todd, balance checking account Helen E. Todd, balance CD 20457, Farmers Trust Co. Elizabeth T. Trego C. Robert Todd C. Robert Todd Elizabeth T. Trego Helen E. Todd, balance bank accounts Total Principal Distributions 7/25/80 8/18/80 9/16/80 9/17/80 9/25/80 10/10/80 10/20/80 10/28/80 12/8/80 3/23/81 9/22/81 3/24/81 INCOME RECEIPTS Interest, Savings Acct. 1 303492 Farmers Trust Co. Interest, CD 20457 Farmers Trust Co. Interest, CD 19998 Farmers Trust Co. Interest, West Jefferson Hills Jt. Sch. Auth. 3.75% 11/1/89 Interest, PA Insured Municipal Bond Fund Interest, Altoona Area Sch. Dist. Auth. 5.20% 7/1/85 Interest, Carlisle Borough Sewer System Auth. 7% 12/1/83 Interest, Delaware City Housing Auth. 5.25% 7/1/82 Interest, Hatboro-Horsham Jt. Sch. Rev. 4.90% 3/1/83 Interest, Lancaster Sch. Dist. G.O. 4.30% 11/1/82 Interest, Armagh Twp. Auth. 5.70% 3/15/82 Interest, Gilford Twp. Auth. 6.25% 2/15/82 Interest, Carlisle Building & Loan Assn. Interest, CD 21561, Farmers Trust Co. Interest, PA Insured Municipal Bond Trust Series 7 Interest, CD 21216 Farmers Trust Co. Interest, CD 19998 Farmers Trust Co. Interest, Conewago Valley Sch. Dist. G.O. 6.75% 10/1/95 Interest, Lancaster Co. G.O. 5.55% 6/1/86 Interest, Armagh Twp. Auth. 5.70% 3/15/82 Interest, Armagh Twp. Auth. 5.70% 3/15/82 Interest, Armagh Twp. Auth. 5.70% 3/15/82 Interest, Carlisle Area School Dist. G.O. 5.15% 3/1/88; 9/17/80 to 9/15/82 Interest, Carlisle Area Hosp. Auth. 5.20% 3/1/85; 9/17/80 to 9/2/82 Interest, Commonwealth of PA G.O. 5.80% 2/1/88; 9/25/80 to 10/22/82 6 , ; I' ,,' ""~.l tuuf, ..L~_U :.t,i. ......0"'* 102,650.59 30,000.00 25,000.00 25,000.00 25,000.00 25,000.00 103,568.28 g===~~g",~!~=~Z 64.62 402.93 738.36 32.81 156.60 216.67 364.58 164.06 255.21 134.38 546.25 101.56 1,010.24 1,249.40 209.60 801. 49 3,087.67 157.50 444.00 1,425.00 1,425.00 285.00 2,395.42 1,677 .00 2,655.11 Interest, Montour Sell. Dist. Spec. Db. 4.40% 9/1/83; 9/25/80 to 10/22/82 Interest, Franklin Co. Spec. Ed. Center Auth. 5.85% 3/1/86; 9/25/80 to 10/13/81 Interest, County of Delaware G.O. 5% 10/15/87; 10/10/80 to 10/15/82 Interest, Community College of Delaware County Auth. 5.375% 10/1/89; 10/10/80 to 9/30/82 Interest, Central Delaware Co. Sch. Auth. 5.25% 2/1/87; 10/10/80 to 7/30/82 Interest, Lancaster Area Sewer Auth. 5.40% 4/1/86; 10/10/80 to 9/30/82 Interest, Easton Area Jt. Sch. Auth. 6% 4/15/88; 10/28/80 to 10/21/82 Interest, Cumberland Valley Jt. Sch. Auth. 5.50% 10/15/85; 10/22/80 to 10/28/82 Interest, Tuscarora Sch. Dist. G.O. 6.125% 10/1/87; 10/28/80 to 10/14/82 Interest, Bethlehem Water Auth. 3.35% 4/1/97; 10/28/80 to 10/8/82 Interest, Delaware Co. Regional Water Control Auth. Sewer Rev. 4.90% 5/1/86; 11/3/80 to 11/2/82 Interest, Lower Merion Sch. Dist. G.O. 5.25% 5/1/95; 11/13/80 to 10/22/82 Interest, Bensalem Twp. Auth. Water & Sewer Rev. Bond 5.50% 11/1/92; 11/13/80 to 10/22/82 Interest, West Shore Sch. Dist. G.O. 6% 6/1/89; 12/2/80 to 12/1/82 Interest, West Chester Area Jt. Sch. Auth. 5.15% 6/1/93; 12/8/80 to 6/7/82 Interest, West Chester Area Jt. Sch. Auth. 4.65% 6/1/85; 12/8/80 to 10/22/82 Interest, Delaware Co. Auth. 6.20% 6/1/90; 12/8/80 to 6/7/82 Interest, Northhampton Co. Area Community College Auth. 5% 6/15/87; 12/30/80 to 6/15/82 Interest, Commonwealth of PA State Highway & Bridge Auth. Series B 4.10% 12/15/86; 12/30/80 to 6/15/82 Interest, Borough of Carlisle G.O. 5.40% 7/15/91; 1/14/81 to 7/19/82 Interest, Commonwealth of PA General State Auth. 4.50% 7/15/87; 1/14/81 to 7/19/82 Interest, Abington Heights Sch. Dist. G.O. 5.15% 1/15/87; 1/23/81 to 7/22/82 Interest, Delaware River Port Auth. 5.35% 1/15/83; 1/23/81 to 7/22/82 Interest, Allen Junior High Sch. Bldg. Auth. Sch. Rev. Bond 3.50% 7/15/81; 1/23/81 to 7/20/81 Interest, Allegheny Co. Hosp. Dev. Auth. 5.90% 7/1/84; 2/2/81 to 10/22/82 7 ", '! ,...."'':'''' l~l.r. ..L.'_v I ~t". ....0.) 5 ,035. 56 862.87 2,275.00 1,200.43 1,627.50 1,809.00 2,047.50 1,890.62 1,061.67 1,428.50 1,135.17 2,403.33 2,517.77 2,880.00 978.50 1,596.50 1,767.00 970.83 1,990.21 1,647.00 686.25 1,178.06 815.87 183.75 4,051.33 COMMONWEALTH OF PENNSYLVANIA: COUNTY OF CUMBERLAND Dennis C. Caverly, Senior Vice President and Trust Officer Farmers Trust Company and Helen E. Todd, being duly sworn according to law, depose and say that the Account as stated is true and correct and that the Grant of Letters and the first complete advertisement thereof occurred more than four (4) months before the filing of the Account. /L,' ) I' 2,,1/;: 1/ Depnis C. Caverly, Senior (and Trust Officer /J I J .:::/V_vf...[./11--/ c r;.,.};Jt-d.ft Helen E. Todd Sworn to and subscribed before me this fO-l:h.. day of December, 1982. :t:. ~';:c:t;:; '~7/.i~: ~ '1wnA ii.lAoFFM~.iifNH~ Public ~\i111~~;~~~~~)t~ 23, 1983 ....;~.,() - .' "~~':,.:.,, "~;~.~:~;~3~~.~:'" 9 . ,........,.... ~Ul.r. .1..'_v r~GL <...0' 'll'll ~ ~ E e .!: u ( 'E.gc. ,8 c 11 o 1;, 0-1 .,- C .; c'5o. , . ':J.n 0 0_ l. " . Q, "In", ',~<(~i c" r.J \1. C. o '" ~ '....].'.."'i]~.' , :J 0 .>.",' '0 t: , lI'IllI41 . .Q c- -" I.., .... 'tl < ~~ H "0-:1 ~ ~~ 0-:1 ~~rz. gJ >< <OSO ~gjz d'~E-<<!:; ~S1S go~~~ f;'l""~ E-<E'58<lil lil~~ :oJ~~~6 I'l ~g otJ ~~E-<"'lilO!;;!tJ . :>:Oi>::O'-''''ZHI'l ::E:U::>>Lf\O HCJ)~ o oo<>:~rz.=>o tJ!tJI ~H o~ ~E-< ~ - coo . o 001 ~ U)~ Hlil~c;j~OE-<~~Z ~e"" .~~gJ ~ OSO::Ocn<H lil tJtJOZlilo-:lrz.rz.p:: o . <Xl 0 '" ..... ..... l-l . OJ '" 11 >- OJ ..... u :l OJ ~ I'l .. '-' ~ ~ lil H l=> ~ ~ ~ o 0 iii lil !;l !;l l=> l=> N <Xl '" ..... "O&io~~S~'~E 1;.0 ~ ..;:; ~ .9 .... ~:.:; '= f:l " ... 'O..,E ,; r: ..... .~ .g rg ~ ~ 1:: ... -:::= OJ " .2 '0 ~.~ : '"g ~ OJ '-~~~ '-E _ ..~ III ~.~ 0 u (5 ~ '1' :,.., U r = ~ ~~ ,.1 ~ ~. ~., .",~ ~ .~/! ~~ -~ ~ \" .( ,:.~ f >- ~ ~ oM ::!: 6-0 ~c.J ...... l-l Cf.l OJ ::J g a: 0-:1 ..... i~ w Cl ::!: ~ ~ 0( Z 0( > .... >'l .... Z!:l z': '" . ",8 aJ! '::11 ::i. ll: 0( U o c.'l'J tJ ..... '-" .... "- .." . ....f :.', -l .. '.-,) ,~ <Q . ' REV.1500 EX + I!Nl1) BUREAU OF EXAMINATION PENNSYLVANIA OEPARTMENT OF REVENUE P.O. BOX 8327 HARRISBURG, PA 17106 CHECK APPRO. PRIA TE BLOCKS INHERITANCE TAX RETURN RESIDENT DECEDENT - ,,0-/ File Numb,r 21-80-503 Decedent's Address 127 West High Carlisle, PA Oete of Death July 6, 1980 2. Sup pia mental Return 0 Street 17013 3. Remalndar Return D 4. Life Estate 0 5. Federal Estate Tax 0 Return Required. 6. Decedent died testate 0 7. Decedent maintained a living 0 8. Number of saf, d,posit 0 (Attach copy of Will) trust (Attach copy of trust) boxes inventoried All correspondence and confidenti.lt.x information should b. directed to: CORRE. SPONOENT Name Farmers Trust Decedent's Name (Last, First, and Mlddlelnitiall DECEASED Tod~, Ro er K, Socl.1 Secunty Number 172-24-9908 1. Original Return 0 RECAPIT. ULATION AND TAX CALCU. LATION Address P.O. Box 220 1 West High Street Company Tel,phone No. (717) 243-3212 Carlisle City Recapitulation 1. Real Est.te (Schedule A) 2. Stocks end Bonds (Schedule B) 3, Closely Held Stock/Partnenhip Intarest (Schedule C) 4. Mortgages and Notes (Schedule 0) 5. Cash & Miscelleneous Penonal Property (Schedule El 6. Jointly Owned Pr~perty (Schedule F) 7. Transfen (Schedule G) B. Total Gross Assets (total lines 1.7) 9. Funerel Expenses Administrative Costs/Miscall,neous Expenses (Schedule H) 10. Debts/Mortgages/Liens (ScheduleU 11. Total Deductions hotalllnes 9 & 10) 12. Net Velue of Estete U1ne B minus line III 13. Charitable Bequests (Schedule J) 14. Net Value subject to tex (line 12 minus line 13) (ll ( 2) ( 3) ( 4) ( 5) ( 6) ( 7) .00 1,010,945.45 .00 .00 included in # 2 .00 1,166,219.'30 ( B) ( 9) (l0) 67,464.77 .00 (Ill (12) (13) (14) Computation ofTex 15. Amount of line 14texableet6%ret. (15) 1,178,759.63 x.06- !includ. velues from Schedule K) 16. Amount of line 14taxebleat15%rete (16) 100,000.00 x.15- !include values from Schedule K) 17. Prlncip.1 t.x duo (add tex from line 15 plus tax from Iina 16) (17) 18. Total Prior payments: (al Amount Paid 80,000.00 (b) Plus Discount 4,210.52 (c) Minuslntarest (181 84,210.52 19. Balance Due (line 17 minus line 18) (19) Make Check Peyable to: Register of Wills, Agent ... PLEASE RECHECK MATH... State PA -, ::0 ..:0 ,0,) ;'.!~ . o. .~., ':1 - .'"":.1 r I 'r --...' ~ 2,177,164.75 67,464.77 2,109,699.98 830,940.35 1,278,759.63 70,725.58 15,000.00 85,725..58 1,51.5.06 IILY.UI3tXi' 1','1) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Todd, Roger K. SCHEDULE "J" BENEFICIARIES FILE NUMBER 21-80-503 ITEM NUMBER NAME AND ADDRESS OF BENEFICIARY RELATIONSHIP AMOUNT A. Taxable Bequests: 1. C. Robert Todd 300 Washington Lane Carlisle, PA 1701; Nephew 50,000.00 2. Elizabeth Todd Trego 160 West Pomfret Street Carlisle, PA 17013 Niece 50,000.00 3. Helen E. Todd 127 West High Street Carlisle, PA 17013 Wife Cash & Bank Accounts Trust A Present Interest (Life Estate) Intervivos Charitable Remainder Unitrust Present Interest (Life Estate) in Trust B 377,414.89 326,041.79 424,515.49 50,787.46 See Attachments ITEM NUMBER NAME AND ADDRESS OF BENEI=ICIARY AMOUNT 1. B. Charitable Bequ'ests: Intervi vos Chari table Remainder Uni trust Remainder Interest, Farmers Trust Company, Trustee 741,703.81 2. Trust B; Charitable Remainder Unitrust Remainder Interest, Farmers Trust Company, Trustee 89,236.54 TOTAL CHARITABLE BEQUESTS (Also enter on line 13. Recapitulation) $ 830,940.35 (If morl 'pICI II n..dld In..n .ddltlon.1 IhHtl of ..me 11z.) ~lY.l~"lX+ lUll SCHEDULE "K" :J LIFE ESTATE/ANNUITYI TERM CERTAIN FILE NUMBER Todd, Roger K. 21-80-503 This schedule is to be used for all single lifa, concurrent single life, term certain, and joint or successive life estates when no elaction is flied to prepay future interest taxes. Special factors to calculate the Interest involving more than ona life can be obtained from the Director of the Bureau of Examination. 6th Floor, Strawberry Square. Harrisburg, PA 17127. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF mWiIl D Deed of Trust D Other Specify D Life Estate Namels) of Life Ten.,"tls) Date of Birth Present Age Term of Years Life Estate is Payable Helen K. Todd 9/20/06 Life 74 Trust B, Charitable Remainder Unitru 1. Value of Fund from which income is payable..... .. . . . . . ..... . .. $ 140,024.00 2. Life Estate Factor (see Instructions) .......................... See Attachment 3. Value of Life Estate I Line 1 times Line 21 . . . . . . . . . . . . . . . . . . . . . . $ 50,787.46 Oncludl on Recapltul.tlon, linn 15 or 16) o Annuity Nama!s) of Annuitant(s) Date of Birth Present Age Term of Years Annuity is Payable 1. Value of Fund from which annuity Is payable. . . . . . . . . . . . . . . . . .. . $ 2. Frequancy of payout ................................... 3. Annual payment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $ 4. Annuity Factor (see instructions) .. . . . . . . . . . . . . . . . . . . . . . . . . . 5. Adjustment Factor (see Instructions) . . . . . . . . . . . . . . . . . . . . . . . . . 6. Value of Annuity (Une 3 times lines 4 and 51 . . . . . . . . . . . . . . . . . .. $ Schedule "J" and "K" Attachment Eetate of Todd, Roger K. 21-80-503 Charitable Beneficiaries and Ilelen Todd Life Estates Intervivos Charitable Reaminder Unitrust See Schedule C of original return and Trust Agreement filed with that return. Gross Value 1,166,219,30 Calculation of Value of Remainder Interest under Charitable Remainder Unitrust established by Roger K. Todd 12/4/791 Helen K. Todd born September 20, 1906; Age 74 Monthly payment factor ,973784 x 5 = .046892 Factor at 4.8% for female aged 74 Factor at 5.0% for female aged 74 ,63979 (.62877) .01102 4.86892 - 4.8 = x 5.000 - 4.8 .01102 .06892 _ x .2 - .01102 .3446 = x .01102 .0037974 = x Factor at 4.8 for female aged 74 Less x .63979 (.00380) .63599 Interpolated factor Date of Death Value of Charitable Remainder Unitrustl 1,166,219.30 x .63599 Charitable Remainder Interest, present value, Date of Death (Item # 1) 741,703.81 Life Estate of Mrs. Todd ~==~~~",~t,1"'~~ Testamentary Charitable Remainder Unitrust, Trust B Net Value of Estate $ 2,109,699.98 Lessl 1,166,219.:30 :377,414.89 326,041.79 * 50,000.00 50,000.00 Intervivos C.R. Unitrust Bank Accounts Trust A Bequest, C, Robert Todd Bequest, Elizabeth T. Trego (1,969,675.98) $ 140,024.00 The taxable value of the B Trust is calculated in the same manner as the Intervivos Charitable Remainder Unitrust except that the Will calls for quarterly distributions rather than monthly distributions. This computation appears below.) Helen K. Todd, born September 20, 1906, Age 74 Quarterly payment factor .969059 x 5% = .0484529 Factor at 4.8%, female aged 74 Factor at 5.0%, female aged 74 .63979 .62877 ,01102 4.84529 - 4.8 _ x 5.000 - 4.8 - ,01102 .04529 = x .2 .01102 .22645 = x .01102 .0024954 = x Factor at 4.8%, female age 74 Less x ,6397900 . (.0024954) ,6372946 $ 140,024.00 x .6372946 Interpolated Factor Value of Trust B Times Interpolated Factor Value of Remainder Interest 89.236.54 ~====~g"'f~f!gg Life Estate of Mrs. Todd REV. 1547EX (3-83) BUREAU OF ACCOUNTS SEffiEMENT ~O::NIiISYLVANIA DEPARTMENT OF REVENUE P,O, BOX 20SS HARRISBURG. PA 17105 NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS, AND ASSESSMENT OF TAX ACN 101 ROGER !( DATE FILE NO. 21 80-0503 COUNTY CUMBERLAND SUBMIT THE UPPER PORTION OF THIS NOTICE WITH YOUR TAX ABOVE COUNTY. MAKE CHECKS PAYABLE TO "REGISTER OF WILLS, ESTATE OF TODD DATE OF DEATH 07-06-80 NOTE: TO INSURE PROPER CREDIT TO YOUR ACCOUNT PAYMENT TO THE REGISTER OF WILLS OF THE AGENT II . FARMERS TRUST COMPANY 1 W HIGH ST PO BOX 220 CARLISLE PA 17013 PLEASE RETURN THIS PORTION TO REGISTER OF WILLS IF PAYMENT DUE <;;l,!!: ..A.!-9~g _ !:HJ~ _L!N.E_ _ _ _ _-:: _ !l!=! ~I~ _l"~,,,!~R_ !"9~!19~ _ t:.~R_ Y9~~ _ ~E~9B~~ - ~ - - - - - - - - - - - - - . NOTICE OF INHERITANCE TAX APPRAISEMENT, REV. 1547EX (3-83) ESTATE OF TODO ROGER ALLOWANCE DR DISALLOWANCE OF DEDUCTIONS AI'lD ASSESSMENT OF TAX K FILE NO.21 80-0503 ACN 101 OATE 04-11-83 TAX RETURN WAS: ( ) ACCEPTED AS FILED (X) CHANGED - SEE ATTACHED NOTICE RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: 1 SUPPLEMENTAL RETURN 1. Re.1 Estate (Schedule A) ( 11 .00 2. Stocks and Bonds (Schedule B) ( 2) .00 3. Closely Held Stock/Partnership Interest (Schedule C) ( 3) .00 4. Mortgages and Notes (Schedule D) ( 4) .00 5. Cash & Miscellaneous Personal Property (Schedule E) ( 5) .00 6. Jointly Owned Property (Schedule F) ( 6) .00 7. Transfers (Schedule Gl ( 7) .00 8. Total Assets ( 8) .00 APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Administrative Costs/Miscellaneous Expenses (Schedule H) ( 9) .00 10. Debts/Mortgages/Liens (Schedule II (10).00 I 1. Total Deductions (, 11 12, Net Value of Tax Return (12) 13. Cha"table/Governmental Bequests (Schedule J) (13) 14. Net Value of Estate Subject to Tax (14) NOTE: If an assessment was previously issued, lines 14, 15 and/or 16 and 17 will reflect figures that include the total of JIll returns assessed to date, ASSESSMENT OF TAX: 15. Amount of line 14 taxable at 6% rate 16. Amount of line 14 taxable at 15% rate 1 7. Principal Tax Due TAX CREDITS: .00 .00 806,030.14 1,303,669.84 78,220.19 .00 78,220.19 (15) 1,303,669.84 (16) .00 X.06= X. I 5= (17) PAYMENT DATE RECEIPT # DISCOUNT (+) INTEREST (-) 4,210.52 .00 80,000.00 1,515.06 AMOUNT PAID 10-02-80 01-07-83 063380 070489 . IF PAID AFTER THIS OA TE SEE REVERSE FOR CALCULATION OF ADOITIONAL INTEREST TOTAL TAX CREDIT BALANCE OF TAX DUE INTEREST TOTAL DUE 7 7 505.39CR .00 7,505.39CR Of Balance Due is less than $1.00 nc p~vment is required) <,' RESERVATION: In the event that any future interest in this estate is transferred in possession or enjoyment to collateral (Class B) heirs of the decedent after the expiration of any estate for life or for years. the Commonwealth hereby expressly reserves the right to appraise and assess transfer inheritance taxes at the lawful collateral (Class B) rate on any such future interest Purpose of Notice: to fulfill the reCluiremenls of Section 709 of the Inheritance and Estate Tax Act of 1961 (72 P,S, section 2485-709), Objections: Any party in interest nol satisfied with the appraisement. allowance or disallowance of deductions. or assessment of tax (Including discount or interest) as shown on this Notice must Object within sixty (60) days of receipt of this Notice. Objections may be made as follows: _ by written protest to the Department of Revenue, Board 01 Appeals _ by electing to have the matter determined at audit _ by aopeal to the Orphans' Court Discount: If any tax due is paid within three (3) months after the decedent's death. a discount 01 five percent (5%) of the tax paid is allowed. . the discount period IS calculated in calendar months. Example: date of death 1-15-82, discount period expires 4-15-82. Except for tax on a future interest. inheritance tax becomes delinquent nine (9) months from the date of death. . Inheritance tax on a future interest becomes delinquent at the expiration of three months from: _ the date of election to prepay or _ the date of death of the life tenant or annuitant Interest is calculated on a daily basis from _ delinquent date to date of payment on any tax unpaid on delinquent date _ date of last delinquent payment to date of payment on any unpaid balance. Interest is charged at the following rates: Interest: Delinquent Date Annual Interest Rate Daily Interest Factor 5/27/43 to and including 12/31/81 1/1/82 to and including, 12/31/82 1/1/83 to and including 12/31/83 6% 20% 16% .000164 .000548 .000438 Estates that become delinquent on or before December 31. 1981 will maintain a constant interest rate. The rate In effect when the tax first becomes delinquent will remain constant until the delinquent balance is paid in full. Estates that become delinquent on or after January '. 1982 will contain a variable Interest rate. Thus. taxes that remain outstanding from calendar year to calendar year will be subject to different rates in effect on each January 1. INTEREST =. BALANCE OF UNPAID TAX X NUMBER OF DAYS X DAILY INTEREST FACTOR. . 11 a tax balance remaIns outstandIng for more than one calendar vear. a separate interest determination must be made for each year at the applicable rate. (Only one calculation is necessary if the estate maintains the constant Interest rate,) . Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen 1151 days beyond the date of the assessment If payment is made after the interest computation date shown on the Notice. additional interest must be calculated. To Remit Payment: Detach the top portion of this Notice and submit with your payment to the Register of Wills of the county shown on the Notice. . Address intormation is listed on page 13 of the booklet. "Instructions for Inheritance Tax Return for a Resident Decedent" . Make check or money order payable to: Register of Wills, Agent IN RE: ESTATE OF ROGER K. TODD, LATE OF, CARLISLE, CUMBERLAND COUNTY, PENNSYLVANIA, DECEASED. IN 'I'HB COUR1' OF CmlMON PLEAS OF CUl-lf3ERI.AND COUN'fY, PENNSYLVANIA ORPHANS I COURT DI VIS ION NO. 21-80-503 ORDER OF COURT AND NOW, April 21, 1983, the within account is conficmed and distribution directed in accordance with the schedule. %t~~ p.J. "G' ~J"'l buGr. ..lLlJ ,. L _