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HomeMy WebLinkAbout05-14-07 .,...J. 15056041147 REV.1500 EX (06-05) PA Department of Revenue Bureau of Individual Taxes ~ PO BOX.280601 ~ Harrisburg, PA 17128-0601 ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death OFFICIAL USE ONL V County Code Year INHERITANCE TAX RETURN 2 1 0 6 RESIDENT DECEDENT File Number 1051 195324551 09282006 Date of Birth 07231930 Decedent's Last Name Suffix Decedent's First Name CECELIA MI E JACOBS (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name JACOBS Suffix Spouse's First Name MELVIN MI L Spouse's Social Security Number 204308737 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WillS FILL IN APPROPRIATE OVALS BELOW 0 1. Original Return 0 2. Supplemental Return 0 3. Remainder Return (date of death prior to 12-13-82) 0 4. limited Estate 0 4a. Future Interest Compromise 0 5. Federal Estate Tax Return Required (date of delth after 12-12-82) 0 6. Decedent Died Testate 0 7. Decedent Maintained a living Trust 0 6. Total Number of Safe Deposit Boxes (Attach Copy of wal) (Attach Copy of Trust) 0 9. Litigation Proceeds Received 0 10 Spousal povr,% Credit (date of death 0 11. Election to tax under Sec. 9113(A) . betwaen 12-31- 1100 1-1-95) (Attach Sch. 0) ~ORRESPONDENT. THIS SECTION MUST BE COMPLETED. AU CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number EDMUND G. MYERS 7177614540 Firm Name (If Applicable) JOHNSON DUFFIE '" (-"') .('~,::.> REGISTER OF'~S USE Q8J.V - " Second line of address CJ --n ',J - .-- ~,... First line of address --<: 301 MARKET STREET City or Post OffIce LEMOYNE DAlE:FILED State PA ZIP Code 17043 -..J . /; S;f'~ Correspondenes e-mail address: Under penalties of pe~ury, I declare that I have examined this retum, including accompanying schedules and statements, and to the best of my knowled~ and belief, it is true, correct ana complete. Declaration of preparer other than the personal representative is based on all Information of which preparer has any knoWledge. SIGNATURE OF PERSON RESP. IBLE FOR FILING TURN DATE Melvin L Jacobs r - '? - 0 7 17011 EDMUND G. MYERS DATE 0-4-, 301 MARKET STREET, LEMOYNE, PA 17043 Side 1 L 15056041147 15056041147 -.J ~ ~_'.""f'"'''~'''''-'"''''~~- ,~ 15056042148 REV-1500 EX Decedenl',Neme: Cecella E Jacobs RECAPITULATION Decedent's Social Security Number 195324551 1. Real Estate (Schedule A).......................................................................................... 1. 2. Stocks and Bonds (Schedule B)............................................................................... 2. 9,364.58 3. Closely Held Corporation. Partnership or Sole-Proprietorship (Schedule C).......... 3. 4. Mortgages & Notes Receivable (Schedule D).......................................................... 4. 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E)................ 5. 5,948.28 6. Jointly Owned Property (Schedule F) D Separate Billing Requested............. 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) D Separate Billing Requested............. 7. 48,685.99 8. Total Gross Assets (total Lines 1-7)....................................................................... 8. 63,998.85 12,057.00 1,040.41 13,097.41 50,901.44 9. Funeral Expenses & Administrative Costs (Schedule H)......................................... 9. 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I)................................ 10. 11. Total Deductions (total Lines 9 & 10)...................................................................... 11. 12. Net Value of Estate (Line 8 minus Line 11)............................................................. 12. 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J)................................................. 13. 14. Net Value Subject to Tax (Line 12 minus Line 13)................................................. 14. TAX COMPUTATION - SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, of transfers under Sec. 9116 (a)(1.2) X ~ 16. Amount of Line 14 taxable at lineal rate X .045 17. Amount of Line 14 taxable at sibling rate X .12 18. Amount of Line 14 taxable at collateral rate X .15 50,901.44 50,901.44 o . 00 15. 0.00 16. o . 00 17. 0.00 18. o . 00 19. 0.00 o . 00 0.00 19. Tax Du.... ............................................... ................... ................................................ 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. D L Side 2 15056042148 150560421415 -.J REV-1.500 EX Page 3 Decedent's Complete Address: File Number 21-06-1051 DECEDENrs NAME Cecella E Jacobs STREET ADDRESS 116 Conodogulnet Avenue CITY I STATE IZIP Camp Hill PA 17011 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. CreditslPayments A. Spousal Poverty Credit 6. Prior Payments C. Discount (1 ) 0.00 0.00 3. InterestlPenalty if applicable D. Interest E. Penalty Total Credits (A + 6 + C) (2) 0.00 TotallnterestlPenalty (0 + E) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAVMENT. Check box on Page 2 Line 20 to reque.t a refund 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. A. Enter the interest on the tax due. 6. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (3) (4) (5) 0.00 (5A) (56) 0.00 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOllOWING QUESTIONS BY PLACING AN "~" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: a. retain the use or income of the property transferred;.................................................................................. b. retain the right to designate who shall use the property transferred or its income;.................................... c. retain a reversionary interest; or.......................................................................... ........................................ d. receive the promise for life of either payments, benefits or care?.............................................................. 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration?................................................................................. ..................................... 0 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?......... 0 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation?...... ..... ....... ...................................................... ............................................. [!] 0 IF THE ANSWER TO ANV OF THE ABOVE QUESTIONS IS VES, VOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Ves No ~ ; [!] [!] For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. 59116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent [72 P.S. 59116 (a) (1.1) (Ii)]. The statute does not exemDt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. 59116 (a) (1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. 59116 1.2) [72 P.S. 59116 (a) (1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. 59116 (a) (1.3)]. A sibling is defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. ""-1103 EX. (....) . SCHEDULE. STOCKS & BONDS COMMONWEAlTH OF PENNSYlVANIA INHERITANCE TAX RETURN RESIlENT DECEDENT Jacobs, Caeella E FILE NUMBER 21-06-1051 ESTATE OF All property jolntly-oWMll wltIl rlght of survivorship must be dlHloHd on Sohsdul. 1'. ITEM CUSIP VALUE AT DATE NUMBER NUMBER DESCRIPTION UNIT VALUE OF DEATH 1 5111 S6R1 oa 165 shares 0' Metll'. Inc - Com 56.755 9.364.58 TOTAL (Also enter on Line 2, Recapitulation) 9.364.58 (If more space is needed. additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule B (Rev. 6-98) Rev.1101 EX. (....) . SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF PENNSYlVANIA INHERITANCE TAX RETURN RE8lOENT DECEDENT ESTATE OF Jacobs, Cecella E FILE NUMBER 21-06-1051 Inc:ludlIthe proceeda of IitIgatlon and the d81e the proceed. were rac:elved by the eatale. All ,,",petty JoIntIy-owneel with the right of aurvlvo...hlp muat lie dl..loHCI on ..hedule F. ITEM NUMBER DESCRIPTION 1 MBNA Procurements Services, Inc. - Refund Check VALUE AT DATE OF DEATH 88.00 2 The Vanguard Group - Redemption Check 220.41 3 Fulton Bank Checking Account No. 1068-34260 5.639.87 TOTAL (Alao enter on Line 5, Recapitulation) 5,948.28 (If more IPllce Is needed, additional pagel of the same IIze) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-98) ".".,.,0 EX+ eWI) *' SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY COMMONWEALTH OF PENNSY\.VANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Jacobs, Cecella E FILE NUMBER 21-06-1051 Thil IChedule mult be completed and filed If the answer to any of queationl 1 through 4 on the r8V8I'Ie IkIe of the REV.1500 COVER SHEET II yel. ITEM .~ try DATE OF DEATH % OF DECO'S EXCLUSION TAXABLE NUMBER INCLUDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. 1 Vanguard IRA Account; High Yield Corporate 48.685.99 48.685.99 Fund Inv. - Beneficiary: Melvin L. Jacobs TOTAL (A180 enter on Line 7, Recapitulation) 48.685.99 (If more space il needed, additional pagel of the lame size) Copyright (c) 2002 form software only The Lackner Group, Inc, Form PA.1500 Schedule G (Rev. 6-98) REV.11.1 EX. (12-"1 . SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Jacobs, Cecella E Debts of decedent must be reported on Schedule I. FILE NUMBER 21-06-1051 ITEM DESCRIPTION AMOUNT NUMBER A. FUNERAL EXPENSES: See continuation schedule(s) attached 10,421.00 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Social Security Number(s) I EIN Number of Personal Representative(s): Street Address City State Zip - Year(s) Commission paid 2. Attorney's Fees Johnson Duffle 1,500.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Zip Relationship of Claimant to Decedent 4. Probate Fees 87.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 49.00 See continuation schedule(s) attached TOTAL (Also enter on line 9, Recapitulation) 12,057.00 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) Rev-1HZ EX+ (I-H) . SCHEDULE H.A FUNERAL EXPENSES continued COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Jacobs, Caeella E FILE NUMBER 21-06-1051 ITEM NUMBER DESCRIPTION AMOUNT 1 My.,. - Harner Funeral Home 7.407.00 2 Obituary 259.00 3 Reception at West Shore 1.560.00 4 Roiling Green Cemetery - Plot opening and closing 1.195.00 Subtotal 10.421.00 Copyright (c) 2002 form software only The Lackner Group. Inc. Form PA-1500 Schedule H-A (Rev. 6-98) ltev.1H2 EX+ (....I . SCHEDULE H.B7 OTHER ADMINISTRATIVE COSTS continued COMMONWEAlTH Of PENNSYlVANIA ~HERrrANCETAXRETURN RESIDENT DECEDENT ESTATE OF Jacobs, Cecella E FILE NUMBER 21-06-1051 ITEM NUMBER 1 DESCRIPTION Cumberland County Register of Wills - Filing Fees AMOUNT 30.00 2 Cumberland County Register of Wills - Additional Short Certificate 4.00 3 Cumberland County Register of Wills - Additional Probate Fees 15.00 Subtotal 49.00 Copyright (c) 2002 tonn software only The Lackner Group, Inc. Fonn PA-1500 Schedule H-B7 (Rev. 6-98) Rev.U12 EX+ (....) . SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS COMMONWEAlTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Jacobs, Cecella E FILE NUMBER 21-08.1051 Inolucl. unrwlmburHCI mecllosl .xpen.... ITEM NUMBER DESCRIPTION 1 Holy Spirit Hospital VALUE AT DATE OF DEATH 807.50 2 Johnson Duffle Stewart & Weidner 200.00 3 Otmoor House 32.91 TOTAL (Also enter on Line 10, Recapitulation) 1,040.41 (If more space Is needed. additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1S00 Schedule I (Rev. 6-98) REV.un EX+ (MO) . SCHEDULE J BENEFICIARIES COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF NUMBER Jacobs, Cecella E NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS Onclude outright spousal Ctistributions,{ and transfers under Sec. ~116(a)(1.2)] RELATIONSHIP TO DECEDENT 00 Not UatTru.-.1 FILE NUMBER 21-06-1051 SHARE OF ESTATE AMOUNT OF ESTATE (Words) ($$$) I. Melvin L Jacobs 116 Conodogulnet Avenue Camp Hili, PA 17011 Spouse Total Enter dollar amounts for distributions shown above on lines 5 throuah 18, as appropriate, on Rev 1500 cover sheet II. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET 0.00 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA.1500 Schedule J (Rev. 6-98) ESTATE OF CECELIA E. JACOBS EXHIBIT A Last Will and Testament ofCECELIA E. JACOBS signed and dated September 17, 2006 EXHIBIT B Estate Val Valuation for Metlife Stock EXHIBIT C Fulton Bank Date of Death Valuation of Accounts (2) EXHIBIT D Vanguard Valuation of IRA :297310 _.-~- --, -~--"~--,--' .~._~.- ~-, . --..-. .-. ..-.. ---. -'.-'-'---:;""''"'7'-~"'''"'1~''Ti-':-c'.:"7;;r:'-.~-~.-:' ."...-.:-..-_...."..,...~,..-~.-..-~~-"""",.,." EXHIBIT A ~"...' ,'-...--..... ,............. ............. -,'. '-. ----~_..--..__._..._-~._~----_.. -_.~._._._-_._. _....-----_..~---_.- "-, LAST WILL AND TESTAMENT OF CECELIA E. JACOBS I, CeceIia E. Jacobs, of Hampden Township, Cumberland County, Pennsylvania, declare this to be my Last Will and testament and revoke all Wills and Codicils previously made by me. ITEM I: I direct that all my legally enforceable debts and funeral expenses, . including all expenses of my last illness, shall be paid from my residuary estate as soon as practicable after my decease as a part of the expense of the administration of my estate. ITEM II: I bequeath any automobiles or motor vehicles I may own at my death, my personal effects, such household goods if any as may be my individual property and not the property of my husband or owned jointly by me with him, and other tangible personal property of like nature (not including cash or securities), together with any existing insurance thereon, to my husband, Melvin L. Jacobs, Jr., providing he survives me by thirty (30) days. Should my said husband predecease me or die on or before the thirtieth day following my death, I bequeath such tangible personal property and insurance thereon to my sister-in-law, Sylvia Y. Gore. I direct that any of the foregoing articles not selected by my said sister-in-law shall be sold at public or private sale by my personal representative(s), and I further direct that the net proceeds thereof shall be administered and distributed as a part of the residue ofmy estate. ITEM ill: I devise and bequeath the residue of my estate of every nature and wherever situate to my said husband, providing he survives me by thirty (30) days. ITEM IV: Should my said husband pred~ me or die on or before the thirtieth day following my death, I devise and bequeath the residue of my estate of every nature and wherever situate to my sister-in-law, Sylvia Y. Gore and brother-in-law, King W. Gore, or to the survivor. Should both of them predecease me, I devise and bequeath the residue of my estate of every nature and wherever situate equally to their sons, Michael King Gore and Brian Jacobs Gore. .-_._---_.-.+.._._.~.........-.-~. .,.:,_,::';:;:, .~~ ';~,:,~{'" '",;,h".:ii::;: ;i- .....;. .,,';, "'l:f~,':'~~ ,..;~;;;,~:/);,.;;;.:/i~~~:;j>: ",:~"...:,,;-': '-~..:,;.;..~. :"~-' ,:,:., ,.:. .'; ,- '-i .". . ,.,~~r~"'~~i#~f:i~- .31- ITEM]II: All Federal, State and other death taxes payable because of death, with respect to the property forming my gross estate for tax purposes, whether passing under this Will or otherwise, including any interest or penalty imposed in connection with such taxes, shall be considered a part of the expense of the administration ofmy estate and sball be paid out of the principal ofmy residuary estate without apportionment or right of reimbursement. Ja- ITEM:BE: I appoint my said husband Executor of this my last will. Should my said husband filiI to qualifY or cease to act as Executor, I appoint my brother-in-law, King W. Gore, Executor of this my last Will. Should my said brother-in-law filiI to qualifY or cease to act as Executor, I appoint my sister-in-law, Sylvia Y. Gore, Executrix oftbis my last Will. Should my said sister-in-law mil to qualify or cease to act as Executrix, I appoint Michael King Gore, Executor of this my last Will. ITEM iYB: I direct that all fiduciaries acting under this Will, whether or not named herein, shall not be required to give bond for the fiUtbful performance of their duties in any jurisdiction. IN WITNESS WHEREOF, I have hereunto set my hand and seal, this 3rd day of September, 2002. & fj~(Seol) The pte('~ing instrument, consisting of this and the two other typewritten pages, each identified by the signature oftbe Testatrix, was on the date thereot: signed, published and declared by Cecelia E. Jacobs, the Testatrix therein named, as and for her last Will, in the presence ofllS, who, at her request, in her presence and in the presence of each other, have subscribed our names as witnesses hereto. <Ko. Lf'r. L-(~'~~e G..'<L - t1~ ~ WVA :rr' . l tm. '1-1 1 . J- 0 1L. .R.-~/ 0.....1 ~ -va- . /;L. ~ ." ~ 10 d/!~' .._ .__.___L._ . "~"""~''';;';;;';''''"'i'';!;;'4i,).l,.,,,,,;;i~M '.' ~",_""""~,~,:,'c:>:,~:"",}~,,,::".~q''',!\~~ . "~-,~ f....... ~ ~ ,,,., fj-l7-ofo I ,W~' ~ ~ r:).J~ ~ ~ ~ ~ ~ &u... ;. jJLJu,.~ t....iJ. ~ -" ~.e-... 3 ~ ~.Iy " ~ ~ ~.tJir 6a-c-t- <f. ~ ~ ~.4<"4':' sJ;J ~ ~ ~ $'. (j).L ~ ~ ~ ..." ~ ~~ ~ ~ ~ t C N t:::l Ul CD >- >- J;;Ul-ltp- . 0 -l I0OI "tI C 0 UJ 11l-l:U. ZJ:~UJ Z "tI -< == ~ ::j Ul d r -l >- ..... ~~~~'+' ~ :u >- >- 111 :lE _ 111 ..... -l 8 .0 i:i ~ I '," .., ... ~.. o tzj o tzj t"' H :J::r tzj . c... ~ o t:l:l CJl t:. ..... ~ a = -:. ~ ~ ~ r M- I EXHIBIT B ,.~.......,~...,.. "~....", .,.cu.,"._..,.'-................... Estate Valuation Date of Death: 09/28/2006 Valuation Date: 09/28/2006 Processing Date: 04/30/2007 Estate of: Jacobs, Estate of Cecilia Report Type: Date of Death Number of Securities: 1 File ID: Jacobs Shares or Par Security Description High/Ask Low/Bid Mean and/or Div and Int Security Adjustments Accruals Value 1) 165 METLIFE INC (59156R108) COM New York Stock Exchange 09/28/2006 57.01000 56.50000 H/L 56.755000 9,364.58 Total Value Total Accrual Total $9,364.58 $9,364.58 $0.00 Page 1 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.4) EXHIBIT C .....:.'.:>,.",...'1: FultmBank LISTENING. December 28, 2006 Johnson Duffie 301 Market Street P.O. Box 109 Lemoyne, Pennsylvania 17043 Dear Ms. Wieseman: RE: Cecilia E. Jacobs, deceased September 28,2006 In response to your recent inquiry concerning the accounts maintained in the name of the decedent, please be advised that the following accounts were open at the date of death: Checking # 1068-34260, open 3/12/1968, balance $5,639.87, in her name only. CD # 022-0233624, open 7/15/2005, matures 1/15/2008, balance $10,396.94 and accrued interest $85.16; paying 3.97%, joint with Melvin L. Jacobs, Jr. ~ The decedent also has an account through our trust affiliate, Fulton Financial Advisors, for information please contact Gregory Malin at (717) 763-2098. '""N6l1LUO U'\.., hJ.-r /1.tJ.m..L . If you should have any further questions, please do not hesitate to contact me at (717) 291-2437. CONFIDENTIAL Very truly yours, \1ln.,--~ ~ Karen D. Hillegas Credit Inquiry Processor This information is furnished as a matter of business courtesy in answer to your inquiry, and is tor your confidential use only. No responsibility is assumed by this bank or any of its officers. Any opinion herein expressed is subject to change without notice. POBox 4887 Lancaster, PA 17604 fultonbank.com 1-800-FULTON-4 EXHIBIT D . . Vanguard' January 2, 2007 P.O. Box 2600 Valley Forge. PA 19482-2600 www.vanguard.com ESTATE OF CECELlA E JACOBS 116 CONODOGUINET AVE CAMP HILL PA 17011-4112 RECE,'VED JAN 0 9 2007 STE~\SOANN'DDWUFF'E EIDNEh High-Yield Corporate Fund Inv 09788606691-Traditiona11RA Dear Executor: We are responding to a letter notifying us of the death of Cecelia E. Jacobs, and requesting that we provide you with a valuation of her above-referenced traditional individual retirement account (IRA). First, please accept our condolences for your loss. As of September 28, 2006, the number of shares, the price per share, the value of the fund, and the accrued dividends (if applicable) were as follows: Fund Shares Price Value Accrued Dividends High-Yield Corporate Fund Inv 7,955.227 $6.12 $48,685.99 $266.26 If you have any questions or need further assistance, please contact a member of our Transition Specialist Team at 1-888-237-9045. We are available Monday through Friday from 8 a.m. to 8 p.m., Eastern time. Sincerely, Client Services Department ksc 50783042 Vanguard Marketing Corporation. Distributor.