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HomeMy WebLinkAbout05-17-07 (2) II OFFICIAL USE ONLY REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT REV-1500 EX + (6-00) C P o 0 R N R D E E S N T FILE NUMBER D E C E D E N T COMMONWEALTH OF PEN NSYL VANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) Krater Mar C. DATE OF DEATH (MM-DD-YEAR) 21-06-00811 NUMBER COUNTY CODE YEAR SOCIAL SECURITY NUMBER 195-07-1980 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE DATE OF BIRTH (MM-DD-YEAR) REGISTER OF WILLS SOCIAL SECURITY NUMBER 1. Original Return 4. Limited Estate 6. Decedent Died Testate 3. date of death . Remamder Return prior to 12- 13-82) 5. Federal Estate Tax Return Required 8. Total Number of Safe DeposIt Boxes Supplemental Return Future Interest Compromise (date of death after 12-12-82) Decedent Maintained a LIving Trust 0 (Attach copy of Trust) D 10. Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) D 11. Electfon to tax under Sec. 9113(A) (Attach Sch 0) NAME Marlin R. McCaleb Es . FIRM NAME (If Applicable) Law Offices-Marlin R. McCaleb TELEPHONE NUMBER COMPLETE MAILING ADDRESS 219 East Main Street P. O. Box 230 Mechanicsburg, PA 17055 R E C A P I T U L A T I o N 691- 00 Real Estate (Schedule A) Stocks and Bonds (Schedule B) Closely Held Corporation, Partnership or Sole-Proprietorship 4. Mortgages & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) D Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) 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) 12. Net Value of Estate (Line 8 minus Line 11) 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J) 14. Net Value Subject to Tax (Line 12 minus Line 13) (8) 348,930.81 (11) 17.136.08 (12) 331,794.73 (13) (14) 331,794.73 (1) (2) (3) None 24,949.93 None --.! -0 (4) (5) None 146,739.44 (.0 -.I (6) 12,733.94 164,507.50 16,543.52 592.56 C o M P T U A T X A T I o N SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES x .0 0 (15) 0.00 0.00 X .0 45 (16) 0.00 - (17) X .12 0.00 331,794.73 X .15 (18) 49.769.21 (19) 49,769.21 Copyright (c) 2000 form software only The Lackner Group, Inc. Form REV-1500 EX (Rev. 6-00) Decedent's Complete Address: STREET ADDRESS 525-A Reno Street CITY I STATE I ZIP New Cumberland PA 17070 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1) 49,769.21 0.00 40,000.00 2,105.26 Total Credits ( A + B + C) (2) 42,105.26 3. Interest/Penalty if applicable D. Interest E. Penalty llllimml!lmr Total Interest/Penalty ( D +. E) (3) 0 . 00 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 Line 20 to request a refund (4) 0.00 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 7 , 663.95 A. Enter the interest on the tax due. (SA) 0 . 00 B. Enter the total of Line 5 + SA. This is the BALANCE DUE. (5B) 7 , 663.95 Make Check Payable to: REGISTER OF. \JVILLS~ :~~E~.~.. ....................................... . mmmw . :mmmmlwm' . "llllllllllllil!IIIIWliiml!lm!illillll!lllllllililllllllllll!illlli!ll!ilill!I!llillllill!lilllliillllilllili!ill!1IIiIli!l!mllilli!!l!Imlll .11I!1!lill!lIlmlllillll!llll!ilWII!II!III!I!Il!IIII!IIW!I!l!!II!!I!ll!limlil!!I!I!!!i!I!!III!!lII!l!I!!llllll!!I!l!imm!!11 PLEASE ANSWER THE'F'OL-LOWING QUEStiONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred; . . . . . . . . . . . . . . . ~ ~x~x 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? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D [J9 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. ...... [!] D 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [!] D IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Under penalties of perjury, I declare that I have examined this return, Including accompanying schedules and statements, and to the best of my knowledge and belief, It is true, correct and complete. Declaration of preparer other than the personal representative Is based on all Information of which preparer has any knowledge. SIGNATURE OF PERSON RESPONSIBLE FOR FILING RETURN Rosemary Diller Claar DATE u~!!i-l;~X"\~t~~~mm__m_mu_mu_m- 6"-/5f/J ,/ Law Offices-Marlin R. McCaleb DME .'bt. --~~~h~~i~-s~~~-~;~~*':~h655--_mu_m__m_m 5- /I-d 7 !11!I!l!!I!II!!!!!!!!!I!l!ll!I!!!!!!l!!!!I!!!!!!!!!!!!11!!!!mll!!!!!!I!!I!!I!I!II!!!!!!!!!!!I!!!!!!I!!!!!!!!!!!!!1!!!!I!!!!!!!!!!I!!!!!!!l!I!!l!!!ll!!!!!!!!!i!I!!!!I!!l!ll!!!!!II!ll!I!I!!I!!!!I!!I!!!ll!!!!l!II!!II!!!!l!!!!!!II!!!I!!!lml!I!!!!ll!!!WI!!!!!!lilllil!liilll!I!I!!!11!1!!!!!!!li!!!!!!!!!!!I!!!!!l!!!!I!!!! 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 3% [72 P.S. 9116 (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 0% [72 P.S. 9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and tiling 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 0% [72 P.S. 9116 (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 4.5%, except as noted in 72 P.S. 9116( 1.2) [72 P.S. 9116(aX1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. 9116(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. Copyright (c) 2000 form software only The Lackner Group, Inc. Form REV-1500 EX (Rev. 6-00) ~-----'" t . LAST WILL AND TESTAMENT OF MARY C. KRATER I, MARY C. KRATER, of New Cumberland, Cumberland County, Pennsylvania being of sound mind, memory and understanding, do hereby make, publish and declare this as and for my Last Will and Testament hereby revoking and making void any and all other wills by me at any time heretofore made. I. I direct that my Executor hereinafter named shall pay all my just debts and funeral expenses as soon as conveniently may be done after my decease. II. All the rest, residue and remainder of my estate, whether real, personal or mixed, and wheresoever situate, I hereby give, devise and bequeath to my niece, ROSEMARY DILLER CLAAR, or if she is not living, then unto her issue, in equal shares, per stirpes. '" . I hereby nominate, constitute and appoint ROSEMARY DILLER CLAAR, or her issue, as my Executor of this, my Last Will and Testament. It- IV. No fiduciary acting under this Will shall be required to post bond in this jurisdiction or in any jurisdiction in which he may act. IN WITNESS WHEREOF, I, MARY C. KRATER, the Testatrix, have unto this, my Last Will and Testament, set my hand and seal this Oc2~ day of August, A.D., 1996. ~ (C"~~ A~44 (/ ~ Notary Public NOTARIAL SEAL SUSAN A.. AlMV. No~ry Public Blooming Grove Twp., Pike County. PA My Commission Expires June 8. 19G3 REV-1503 EX + (1-97) SCHEDULE B STOCKS & BONDS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT FILE NUMBER ESTATE OF Mary C. Krater SS/f 195-07-1980 09/09/2006 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1 DESCRIPTION Putnam Investments, - Account #A241195071980BBBD, PA Tax Exempt Income C1-A, 1894.333 shares @ $9.095. 2 779.896 shares, Putnam Investments, - Account /fA291195071980BBBP, Putnam Diversified Income Cl-A, @ $9.90. UNIT VALUE 9.90 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems,lnc. TOTAL (Also enter on line 2, Recapitulation) 21-06-00811 VALUE AT DATE OF DEATH 17,228.96 7,720.97 24,949.93 Form REV-1503 EX (Rev. 1-97) REV -1508 EX + (1-97) SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Mary C. Krater SS# 195-07-1980 09/09/2006 21-06-00811 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1 DESCRIPTION Nationwide FCU, - Primary Savings Account, principal balance as of D.D.D.: $19,389.65; interest accrued to D.D.D.: $15.30. VALUE AT DATE OF DEATH 19,404.95 2 Nationwide FCU, - Certificate of Deposit; principal balance as of D.D.D.: $15,118.06; interest accrued to D.D.D.: $17.52. 15,135.58 3 AFL Insurance Co., - premium refund. 778.05 4 AFL Insurance Co., - premium refund. 42.08 5 American Express Company, - eight (8) Travelers Cheques, $10.00 denomination. 80.00 6 AT&T, - credit balance refund. 6.22 7 Central PA Conference, United Methodist Church, - Loan Account #2-11551; principal balance as of D.D.D.: $50,000.00; interest accrued to D.D.D.: $994.52. 50,994.52 8 Household goods, contents, furniture and furnishings. 616.00 9 Nationwide Mutual Fire Insurance Co. - premium refund. 33.00 10 Nationwide Bank, - consideration accrued before D.D.D. for merger between Nationwide Federal Credit Union and Nationwide Bank. 5,182.28 11 Putnam Investments, - dividend accrued before D.D.D. 35.10 12 Sovereign Bank, - interest accrued on account closed before D.D.D. 109.97 13 Sovereign Bank, - interest accrued on account closed before D.C.D. 9.12 14 TV Guide, - refund of subscription. 2.94 15 U. S. Treasury, - 2006 federal income tax refund. 1,181.00 16 Verizon, - credit balance refund. 1.58 17 Verizon, - credit balance refund. 0.12 18 WaYne Bank, - Certificate of Deposit #10-00706; principal balance as of D.D.D.: $53,105.11; interest accrued to D.D.D.: $21.82. 53,126.93 0.00 TOTAL (Also enter on line 5, Recapitulation) $ 146 , 739.44 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1508 EX (Rev. 1-97) Estate of: Mary C. Krater Soc Sec #: 195-07-1980 Date of Death: 09/09/2006 Continuation of Schedule E (Cash, Bank Deposits & Miscellaneous Personal Property) Item If Description Value at Date of Death 19 Nationwide Life Insurance Company, - $10,000.00 single-premium annuity purchased by Decedent on 11/04/1999, providing for monthly payments to decedent during her lifetime, with remaining balance payable upon Decedent's death to her niece, Rosemary Claar. Exempt from Inheritance Tax as the proceeds of life insurance. See Statement. 0.00 0.00 D Nationwide@ Federal Credit Union On Your Side"" October 19,2006 Marlin R. McCaleb Frankeberger Place 219 East Main Street P.O. Box 230 Mechanicsburg, P A. 17055 RE: Estate of Mary C. Krater Dear Mr. McCaleb, This letter is in regards to the detail listing of funds that were sent to you October 5th in the name of the "Estate of Mary C. Krater" in the amount of( 34,633.71. Interest is accrued dai~y on accounts but is not paid to the account until the end of the month. Primary Savings- August 31, 2006 $ 19,389.65 Sept. 1 st_9th 2006 +$ 15.30 (interest accrued to determine Date --------------- of death balance) = $ 19,404.95 (Date of death balance) 12 mo Certificate- August 31, 2006 $ 15,118.06 Sept 1 st_9th 2006 +$ 17.52 (interest accrued to determine Date ----------------- of death balance) = $ 15,135.58 (Date of death balance) Mary's account was not closed out until October 5, 2006, so, the account earned interest for the whole month of September and 5 days in October Primary Savings- September 30, 2006 interest is $51.00 October 5, 2006 interest is $6.82 $19,389.65 (August 31 st bal) 51.00 (includes 9 days of interest disclosed above) 6.82 (interest earned from 10/1/06 to 10/5/06 when account was closed) = $ 19,447.47 .~1rk~:~~)aD[JDi?iF; tJ~72i;:fliXr:E?i! t~) .~) ~! :.[j)f{~;~t~)~D(f/] ;1~1!~~ .f!;:~]~~::'Jij1_~J[};;~?:.,;iJ ::::~<f:;\:.:2tk? .;'"'I.tiR (? 1;~;.; ,.;:,.",,<.;;;...~; P.O. BOX 182794 · COLUMBUS OH 43218-2794 · 614-249-6226 · 800-336-7219 . FAX 614-249-5366 · WWW.NATIONWIDEFCU.ORG D Nationwide@ Federal Credit Union On Your Side'" 12 mo Certificate- September 30, 2006 interest is $ 58.41 October 5, 2006 interest is $9.77 $ 15,118.06 (August 31stbal) 58.41 (includes 9 days of interest disclosed above) 9.77 (interest earned from 10/1/06 to 10/5/06 when account was closed) = $ 15,186.24 If you add both of the figures together: $ 19,447.47 + $15, 186.24 = $ 34,633.71 (the amount of the check you received) If you have any more questions, please contact me at 1-800-336-7219 or directly (614) 249-7523. SinCer~IY~~AAL U~/~-~- Tara Leonard Nationwide Federal Credit Union :5};..:';(~\PC~7E~t.r: ~~t:~,!;,3;]/;rr{~~G:i 8:~t}:~~:';;}{'i(DL~~j[!JjH C~'?\~;.'-2}jfJfii ;JJ[jat!i.t~~tK /i~\(~{jfY~:~]f!'f;:i.~~-:f,=;~;~;~tHj(tm~f!p t'0 titl ,,1i:o P.O. BOX 182794 . COLUMBUS OH 43218-2794 · 614-249-6226 · 800-336-7219 · FAX 614-249-5366 · WWW.NATIONWIDEFCU.ORG CENTRAL PENNSYLVANIA CONFERENCE THE UNITED METHODIST CHURCH 303 MULBERRY DRIVE / P.O. BOX 2053/ MECHANICSBURG, PA 17055-2053/ TELEPHONE (717) 766-5275 October 18, 2006 Attorney Marli..l1 R. J\.1cCaleb 219 East Main Street PO Box 230 Mechanicsburg PA 17055 Re: Estate of Mary C. Krater Dear Attorney McCaleb: This letter is in response to the recent telephone conversation concerning the monies Mrs. Krater had invested with the Conference Committee on Loans, which is a benevolent lending fund. The fund does have the option to change interest being paid with a six. months notice. During that six month period, the individual has the right to withdraw any money without penalty or loss of interest. The last date that change took place was May 1, 2003, when the, rate on all investments was changed to 5 1/2%. At that time Mrs. Krater did not choose to withdraw her money from the fund.. The investment certificates for Mrs. Krater have all been placed in one account, Account Number 2-11551, totaling Fifty Thousand Dollars ($50,000.00). Asindicated in my previous communication the interest that had accrued from May 1,2006 to September 9, 2006 was $994.52. Interest on this investment account was last paid on May 1, 2006. The certiticates have been transferred to the Estate of Mary C. I<rater. If you have additional questions please feel free to contact us. Sincerely, ~~~~ (Mrs.) Zedna M. Haverstock TREASURER-COMPTROLLER COUNCIL ON FINANCE AND ADMINISTRATION ::-r?,:~L::!,', '.""'> -."~'~'.",.,'': ,'< -, . 0"~'''''.''"',.. 'f;'~1'0~,~:."i:?;'r!["'~ '?:;>;',~1 ,"""~"rI;"::lr>t~',rr;";:';'!;7;':,r;:~ "c';.''!'; ~r":?''':'~:~,,-;~r'';:?"J,?':'P}~f:,'~,;re:!'2{':'-': . '\":":'!.(:f::;"'r~'~'&r'~t':'5r~'fff7':~t'iT.',~' Nationwide@ Federal Credit Union On Your 5ide~ 11111111111111111111111111111111111111111111111111111111111111 25134 113PREsORTED FCM************* AUTO**3-DIGIT 170 MARY C KRATER 525 RENO sT APT A NEW CUMBERLAND PA 17070-1962 December 22, 2006 Dear NFCU Member: For more than 50 years, this institution has been serving the associates, agents, retirees and family members of Nationwide. This impressive history has built loyalty among members and a feeling of camaraderie. We want that feeling to continue. As we make the merger between the Nationwide Federal Credit Union and the Nationwide Bank, Member FDIC, effective in January, you, as a member of the credit union, will become part of the Associate and Agency Banking Program at Nationwide Bank. As a Nationwide Bank customer, you'll enjoy the same services that you've come to know and love from the credit union. Our mission will be to enhance these offerings to even better meet your financial needs. Based on ~he approved merger of Nationwide Federal Credit Union and Nationwide Bank, the $79 million merger consideration is to be paid to NFCU members for their ownership interests. You will receive 15.26% of your total deposit account balances as of 3/31/06. This payment will occur on January 8,2007. This payment will be one lump sum deposited to your checking account. If you do not have a checking account, it will be deposited to your savings. If you no longer have an account at the credit union, you will be contacted and given further instructions on how to obtain your payment. Based on your account Your total deposit balance as of 3/31/06 was Based on this balance, your payment will be We've been proud to serve you over the years and are committed to making your transition from NFCU to Nationwide Bank as easy as possible. Immediately upon the merger date nothing really changes. Customers should interact with the Bank in the same way that they did with NFCU. To bank online, visit www.nationwidefcu.org, continue to use your favorite ATM, the two banking service centers or for phone access call (800) 336-7219 or (614) 249.6226. Members should continue to access accounts using the same checks and plastic-ATM, debit, and credit cards. In the future, your checks and plastics will be replaced with checks and plastics with the Nationwide Bank name and logo. Automatic withdrawals and deposits you have arranged with other companies will continue as they do today. Exemplary customer service will continue to be the focus. To kick off the college football bowl season, we've lined up a winning product just for you! Please see the enclosed certificate offer for your financial touchdown. Sincerely, ~~~ Vice President, Member Services and Marketing Nationwide and On Your Side are federally registered service marks of Nationwide Mutual Insurance Company. L J ") -' ;j) C '=' COO o ~ ~ "..;j rti ::t. ~ E C 0> .... a) o..o.c O~\- ~-o IJ) Q) o c: ~'(O DC ~ 0 '..;j u "to Q) ':2.-:6 ~.9 ',.;::A O'l .~ c: ~'.~ tJ-c- ~Q) co.. o IJ) u c: Q).,g (/) IJ) ~ Q) ~'=' o..C' ~ ~ ~ co ~G)c:n~ c:,ptPc.{ ~cnC'la. c: )( ~ 'co ~ i ~~O~ ~~a.~ 1'- c: o ~ - (I) o ~ (I) "CO ~? OJ:.. -~ .e (I) ~O ct)' CP, I ~ ...- ~ 1.0 I I I I I I I 1 I I t;ftt;ftt;ftt;ftt;ftfJ7t;ft "'''''''''''''''''''''''''''' ",,,,,,,,,, "0'" O(l)tfI O;:j! O't).e~ ~.s~ ~ (I) O~ O~ o "CO CO ~ Q) rti ~ Q) -0 t- O "CO Q) 0) -- ~ rti -0 -0 Q) ell a) <B Q) o Q) -:S '0 IJ) ~ -0 Q) ~ <8 Q) -0 Q) .s b -0 (i) .r:. ~ c: '=' o u o ~ c. ~ ~ ro '0 -e o 0- Q) .... ~ .'B. O'l c: '~ =5 ..- Q) .c \- (i; 0 ~ cf) ,;z CP <0 ...- I <5 0 '0 ~ I a> 1.0 ~ CP ~ a> ...- - o Q) E ~ Z t rti Q) D '0 ~ ~ D -.:. Q) -% ~ z ~ E Q) (J) "to '0 o (J) ~ ...- to o ...- ~ 1.0 fJ7 ... ~.e .... ~ .e~ c: - "0 ~~ 00.. o !0- S rti ,;z <5 ~ :E ~ o o o o ,,0 <0 o o N cf) a> -- ~ ~ o ~ ~ c.{ <0 o '0 o I o ...- "C -- 5.' ~ ~~'ffi ~ ~:E ~ -oa)'~~ ,~ c. Q) G) \,J.J 0 D I~ :E Q) It- E \ \~\ \ \ \ \ \ \ \ \ \ . \ \ \ <0"'- 0- o 0 ~...- ';i Oi .:0 Q) 'ffi 0.. Q) 0: s ~ o - -- .s Q) S). c: ~ 0 .~ c: 0- 0. ~ ~ ~ z-co c: ...... o 'u) .e~ Q) Q) -a0 E Q) o~ o(J) \ c: Q) ~ a) ~ o IJ) c. o .~ .... Q)' 0.. o ~ ~ cc (\ 9- ~ o 0.. Q) .... O'l c: .~ ,'B. Q) Q) c. c. g g r C ~ [ ro '(3 c. c:~ ~._ :s:.. ou..u o-os ~o(J) o . "ii>!e: ::s 0 0 \= Z Q.\ SCHEDULE E: CASH, BANK DEPOSITS & MISCELLANEOUS PERSONAL PROPERTY ITEM 19: STATEMENT On 11/04/99, Decedent purchased from Nationwide Life Insurance Company a $10,000.00 single payment annuity policy (Contract No. 01-5341813). Under the terms of that policy, Decedent was entitled to receive monthly annuity payments for life from the Annuitization Date (the first day of the month following her 90th birthday on 12/11/03), with 10 years certain. She designated her niece, Rosemary Claar, as her beneficiary in the event of her death before the guaranteed period expired. Although entitled to monthly benefits as of 01/01/04, Decedent never collected any benefits under the policy before her death on 09/09/06 and the entire Contract Value of the policy ($13,539.93) was paid to her beneficiary pursuant to the terms of the policy. Because Decedent had the right to monthly payments during her lifetime and chose not to receive them, she obviously intended that all the annuity benefits would be payable to her beneficiary upon her death, like life insurance, and so such benefits should be exempt from inheritance tax. Ewing Estate, 26 Fiduc. Rep.2d 153 (O.C. Div. Delaware, 2006). D Nationwide Financial Internal Sales and Service P.O. Box 182021 Columbus,OH 43218-2021 www.nationwide.com On Your Side8 September 29,2006 Marlin R. McCaleb 219 East Main Street P.O. Box 230 Mechanicsburg, PA 17055 RE: Nationwide Annuity Contract Number: 01-5341813 (surrendered) Contract Owner/Annuitant: Mary C. Krater Dear Mr. McCaleb: Thank you for your recent inquiry into the Nationwide Financial Internal Sales and Service Department. Via mail, you requested a letter confirming the contract value as of September 9,2006, for the above referenced annuity contract. We appreciate the chance to respond to this request. . Please allow this letter to confmn that the value of the aforementioned annuity contract as of September 9,2006 was $13,539.93. If you have any questions or need further assistance, please contact our Customer Service Department at 1-800-321-6064, Monday through Friday, 8:00 a.m. to 8:00 p.m. Eastern Time. Any of our Annuity Specialist will be happy to assist you. Smc~y" irt;~ KriP2lAE ~'lZ st1 nts~ger Service Management Internal Sales and Service, Nationwide Financial E.tM~~ ~~~ SINGLE PREMIUM DEFERRED ANNUITY Amount to Nationwide Life Ins. Co. (Minimum Initial payments: $5,000) I 0 L 00 () D Male Date of Birth Social Security No. 181 Female 1'2.. I 11 11'3 1~5" 01-19s,c ~' \'Y\ v \ "f\.d " P Pt \ 1 C) 1 0 o Male Date of Birth Social Security No. D Fema~ 1 t"q -h,,,, ", 0 Male ffi Female Date of Birth Social Security No. 11- 1 l) 1~ 195 -o1-l~8c Relati nship ~, (;e Relat/' nshlp Social Security No. I~S Social Security No. Relationship Social Security No. I Social Security No. STATEMENTS AND PROVISIONS The Owner understands that when this apPlicatidnand payment are submitted, the Owner will be entitled to the benefits and bound by the provisions of this Nationwide Life Insurance Co. Contract. Under this Contract the OWner(s) and Annuit~lnt(s) are the persons designated on this application unless Nationwide Ufe Insurance Co. receives a wri en request for a change. Additional beneficiaries may be designated by attaching a separate list to this ap lication. The Annuitization Date will be the first day of lhe month after the Annuitant's 90th birthday (70~ for IRA's) unless the Company receives a written request for a change. 4. The Annuity Payment Option is assumed to be t~e standard Life Annuity Option with 10 years certain unless the Company receives a written request fpr a Chang,. I (WE) HAVE READ AND AGREE TO AND AFFIRM THE ABOVE STATEMENT~D PROVISI~NS. Signed In ~eu..\ CUMh-er (q.hd I 1>." L x /JAdo/ fJI'A" 4~/. 1//alf'1 State ~n L. 6ift / .x Joint Owner (if applicable) To authorize the Company to allow the exercise of qwnership rights Independently by EITHER the Owner or Joint Owner, please initial. here: (Owner) , (Joint Owner) . THE COMPANY WILL NOT BE LIABLE FOR ~NY LOSS, LIABILITY, COST OR EXPENSE FOR ACTING IN ACCORDANCE WITH THE REQUESTS, OR INST 'UCTIONS OF THE OWNER OR JOINT OWNER. APO-2939 1. . AGT (AO) 7/95 While - Home Office Yellow - C sto'ltmw fi.n~ClU, Ch~ B2,U12lfY --- - ..- +.-- ---- --~-Ontract-:--&l-5S-41813 r"'-l Natio~'wide@ ONE NATIONWIDE PLAZA COLUMBUS, OH 43215 December 4, 2006 Marlin R. McCaleb, Attorney at Law P. O. Box 230 Mechanicsburg, Pennsylvania 17055 RE: Annuity #01-5341813 Mary C. Krater, Owner and Annuitant- Deceased Dear Mr. McCaleb: I am responding to your recent request. Annuity #01-5341813 was not annuitized before Mary C. Krater died on September 9,2006. Ms. Krater had not made any withdrawals from the annuity. The annuity was in its accumulation phase as of the date of death of Mary C. Krater. Thank you for allowing me to be of assistance. Sincerely, ihh; Michael B. Letizia Annuity Analyst Nationwide Life and Annuity Enclosure REV -1509 EX + (1 -97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Mary C. Krater SCHEDULE F JOINTLY-OWNED PROPERTY SSff 195 - 07 -1980 09/09/2006 FILE NUMBER 21-06-00811 If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. SURVIVING JOINT TENANT(S) NAME Rosemary F. Claar ADDRESS 2997 Hemlock Farms Hawley, PA 18428 RELATIONSHIP TO DECEDENT A. Niece B. c. JOINTLY-OWNED PROPERTY: LETTER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH ITEM FOR JOINT MADE Include name of financial Institution and banI< DATE OF DEATH DECO'S VALUE OF account number or similar identifying number. NUMBER TENANT JOINT Attach deed for jointly-held real estate. VALUE OF ASSET INTEREST DECEDENTSINTERES 1 A 08/31/05 PNC Bank, - Checking Acct. 15,133.76 50.00% 7,566.88 1f5140035785, opened 08/31/2005 in names of Decedent and Rosemary F. Claar; principal balance as of D.O. D. : $15,133.14; interest accrued to D.O.D.: $0.62. 2 A 08/31/05 PNC Bank, - Savings Acct. 10,334.12 50.00% 5,167.06 If5004692262, opened 08/31/2005 in names of Decedent and Rosemary F. Claar; principal balance as of D.O. D. : $10,331.29; interest accrued to D.O.D.: $2.83. TOTAL (Also enter on line 6, Recapitulation) $ 12,733.94 T (It more space is needed insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1509 EX (Rev. 1-97) o PNCBAN< October 3,2006 Marlin R McCaleb AttOlney at Law Frankeberger PI 219 East Main St. PObox 230 Mechanicsburg, P A 17055 sep/al RE: Estate of Mary C Krater (Deceased) SSN: 195.07.l980 DaD: 09-09-2006 Dear Ms. MoCaleb: On September 25, 2006 I fued you a date of death balance letter for the above decedent. On my letter I listed 09.06.2005 as the date of death. Actually, I meant to type 09-09-2006. Please replace that letter with this one. I hope this did not cause you too much inconvenience. In response to your request for Date of Death balances for the customer noted above, our records show the following: Checking Account Account #5140035785 Established 08-31-2005 MARYCKRATER ROSEMARY F CLAAR DOD balance: $15,133.14 + $0.62 accrued interest Savine-s Account Account #5004692262 Establish.ed 08-3 1-2005 MARYCKRATER ROSEMARY F CLAAR DOD balance: $10,331.29 + $2.83 accrued interest The decedent maintained in.vestment Account (INV #30223039). For further infomlation~ you may call the Brokerage Department at 1..800-762.6111. Page 1 of2 P1ease note that this office only provides date of death balances for deposit accounts (IRASt CDs, Checking and Savings accoWlts). We do not process any financial tran$actions or provide statements. If you need assistance with any of these items~ please call 1-888-PNC~BANK (1-888-762-2265) or stop by your local PNC Bank branch office. Sincerely) [:,~ ;t ~ Erica L Schlegel 1--800-762.1775 P7 ~PFSC..04.F 500 first Ave. Pittsburgh P A 15219 Member FDIC Page 20f2 TOTAL P.02 REV -1510 EX + (1-97) SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Mary C. Krater SSlf 195-07-1980 09/09/2006 FILE NUMBER 21-06-00811 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page 2 is yes. ITEM NUMBER 1 DESCRIPTION OF PROPERTY RELAW8~M~(~ t~b~~~5~~TT,tI~J~~~1fIT~EJF t~~~RSFER. ATTACH ACOPYOFTHE DEED FOR REAL ESTATE. Gartmore Funds, Acct. #1322802800 - titled in the name of decedent as trustee for Rosemary Claar - 1,296.847 shares @ $19.27. 2 PNC Investments, - Account #3022-3039, in name of Decedent, transfer on death to Rosemary Diller Claar; principal balance as of D.G.D.: $137,451.54; interest accrued to D.G.D. : $2,065.72. DATE OF DEATH VALUE OF ASSET 24,990.24 % OF DECO'S INTEREST TAXABLE VALUE EXCLUSION (IF APPLICABLE) 24,990.24 139,517.26 139,517.26 TOTAL (Also enter on line 7, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. 164,507.50 Form REV-1510 EX (Rev. 1-97) gartmore Funds 10/6/2006 Marlin R McCaleb Frankeberger Place 219 East Main Street, P.O. Box 230 Mechanicsburg, P A 17055 RE: Account Number: 1322802800 - Mary C Krater Trste for Rosemary Claar Reference Number: GA600F Dear Marlin McCaleb: Thank you for contacting Gartmore Funds. Please accept our condolences on the death of Mary C Krater. Weare writing to confirm the following information: DATE OF DEATH VALUE Fund # 22 Account # 1322802800 Share Balance 1,296.847 Net Asset Value as of September 9, 2006 19.27 Dollar Value $24,990.24 Additionally, please be advised that this account is registered as a beneficiary trust account, which works like a Transfer on Death (TOD) account. The following documentation will be required to re- register OR redeem the above referenced account. o A completed application from the Transfer on Death Beneficiary if the assets will remain invested in the fund. This form has been enclosed for your convenience. o A completed W-9 Form from the Transfer on Death Beneficiary if the assets will be redeemed. This form has been enclosed for your convenience. o A Medallion Signature Guaranteed letter of instruction from the Transfer on Death <Beneficiary/Beneficiaries> detailing how to distribute the assets. Please note that if two signatures are required, each signature must be individually Medallion Signature Guaranteed. To obtain a Medallion Signature Guarantee, please sign your letter of instruction in the presence of an authorized officer of an eligible guarantor institution. Notaries Public are not acceptable providers of Medallion Signature Guarantees. Eligible guarantors include: Domestic (U.S.): · banks and credit unions · brokers, dealers, municipal securities dealers, municipal securities brokers government securities dealers, and government securities brokers · national securities exchanges, registered securities associates, clearing agencies; and savings associations ~lease note that there are no trust documents for the type of account established and we have no way of indicating the interest/dividends accruing on the account. Should you require additional assistance, please feel free to call our Customer Service Team toll-free at 1-800-848-0920. We appreciate the opportunity to assist you any way we can. You may also obtain current information on the Gartmore Funds from our internet homepage at www.gartmorefunds.com. s~ Karin Magowin Shareholder Services LC /..~ / Enc!.: Copy of Original Document, W -9 Form and a Mutual Fund Application 1 Estate Valuation Date of Death: 09/09/2006 Valuation Date: 09/09/2006 Processing Date: 09/15/2006 Shares or Par security Description High/ASk 1) 25000 BANK NAPLES FLA (063779AF9) Financial Times Interactive Data DTD: 11/18/2005 Mat: 11/19/2007 4.65%. 09/08/2006 09/11/2006 lnt: 05/19/2006 to 09/09/2006 25000 BANK HAPOALIM B M NEW YORK BRH (062512A81) Financial Times Interactive Data DTD: 11/25/2005 Mat: 11/24/2006 4.45% 09/08/2006 09/11/2006 lnt: 11/25/2005 to 09/09/2006 30000 CAPITAL CROSSING BK (140071UN9) Financial Times Interactive Data DTD: 03/01/2006 Mat: 03/01/2007 4.75% 09/08/2006 09/11/2006 lnt: 03/01/2006 to 09/09/2006 30000 MAGNET BK SALT LAKE CITY UTAH (559404BL1) Financial Times Interactive Data DTD: 05/31/2006 Mat: 05/31/2007 5.15% 09/08/2006 09/11/2006 lnt: 08/31/2006 to 09/09/2006 25000 MERRICK BK CORP 8TH JORDAN UT (59012YLK1) Financial Times Interactive Data DTD: 08/25/2006 Mat: 08/25/2008 5.15% 09/08/2006 09/11/2006 lnt: 08/25/2006 to 09/09/2006 3043.52 FGP MONEY MARKET (EVP01) 09/09/2006 2) 3) 4) 5) 6) 1.00000 Total Value: Total Accrual: Total: $139,517.26 Low/Bid 99.09375 A/B 99.08990 Mkt 99.78125 A/B 99.77640 Mkt 99.62500 A/B 99.62590 Mkt 99.81250 A/B 99.79930 Mkt 99.43750 A/B 99.45000 Mkt 1. 00000 Estate of: MARY KRATER Account: 30223039 Report Type: Date of Death Number of Securities: 6 File ID: KRATER,MARY Mean and/or Div and Int Security Adjustments Accruals Value 99.091825 24,772 . 96 ,355.21 99.778825 24,944.71 877 .64 99.625450 29,887.64 744.17 99.805900 29,941. 77 38.63 99.443750 24,860.94 50.07 1. 000000 3,043.52 $137,451.54 $2,065.72 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) 4" . t ESTATE OF M'ARY KRATER (000 VALUATION SEPTEMBER 9,2006) The information provided in this report is believed to be reliable, but its accuracy cannot be guaranteed. A mean price is calculated as an average of the high and low on the valuation date when available. If these prices are not , avai lab Ie, such as on weekends or hol idays, the mean price is the inversely weighted average of the high and low on the nearest trading dates before and after, when these prices are available within one week of the valuation date. If actual trades are not available, the nearest bid and ask prices are substituted. Note that securities traded on the Toronto Exchange are in Canadian dollars. If an equity is ex-dividend for a cash distribution on or before the valuation date but is of record after the valuation date, the dividend is included in the valuation report and is added to the security's value. This is reported as an adjusted value on the report. If the date of death is on or after the record date and the dividend is payable after that date, the accrued dividend is listed separately on the report and added to the portfolio's total value. Prices for which daily updates are not available are priced according to a Corporate Pricing Cycle. These pricing dates occur on the last business day of the week, and the last business day of the month, unless the end of the week update falls within three business days or less, of the end-of-month update. Prepared September 1 5, 2006 ,.. . ! REV-1511 EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF Mary C. Krater Debts of decedent must be reported on Schedule I. ITEM NUMBER A. B. SS# 195-07-1980 09/09/2006 FILE NUMBER 21-06-00811 DESCRIPTION AMOUNT 1 FUNERAL EXPENSES: Stone & Murray Funeral Home, - funeral services. 4,373.00 2 Trinity United Methodist Church, - funeral luncheon. 230.69 1. ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Social Security Number(s) / EIN Number of Personal Representative(s) Street Address City State Zip Year(s) Commission Paid: 2. 3. Attorney's Fees Law Offices -Marlin R. McCaleb Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address 10,832.55 City Relationship of Claimant to Decedent State Zip 4. Register of Wills 330.00 Probate Fees 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. 1 Other Administrative Costs Cumberland Law Journal, - advertising Letters. 75.00 2 Marlin R. McCaleb, Esq., - reimbursement for costs advanced (Register of Wills, short certificate: $4.00). 4.00 3 Reserve - for filing Account, Releases. etc. 250.00 4 Sue A. Northey, CPA, - preparation of 2006 federal and state final income tax returns. 100.00 5 The Patriot-News, - advertising Letters. 130.68 Total of Continuation Schedule(s) 217.60 TOTAL (Also enter online 9, Recapitulation) $ 16,543.52 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1511 EX (Rev. 1-97) . '. . ' . Estate of: Mary C. Krater Soc Sec #: 195-07-1980 Date of Death: 09/09/2006 Item 1/ Description Continuation of Schedule H-B7 (Other Administrative Costs) Amount 6 Zeigler Auction Co., LTD, - auctioneer's commission. 217.60 217.60 : 'I , REV -1512 EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Mary C. Krater SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, AND LIENS SS# 195-07-1980 09/09/2006 FILE NUMBER 21-06-00811 Include unreimbursed medical expenses. ITEM NUMBER 1 DESCRIPTION Golden Ventures, - account payable, nursing home. AMOUNT 142.80 2 Holy Spirit Hospital, - account payable, medical. 190.40 3 Michael Sams, D.O., - account payable, medical. 4.18 4 PA Retina Specialists, - account payable, medical. 51.50 5 PA Department of Revenue, - account payable, 2006 state income tax (final return). 171.00 6 Spirit Physician Services, - account payable, medical. 15.32 7 Verizon, - account payable, utility. 17.36 TOTAL (Also enter on line 10, Recapitulation) $ 592.56 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1512 EX (Rev. 1-97) ~ ", . REV-1513 EX + (9-00) SCHEDULE J BENEFICIAR IES COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Mary C. Krater SS:ff 195-07-1980 09/09/2006 FILE NUMBER 21-06-00811 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE Do Not List Trustee(s) OF ESTATE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY I. TAXABLE DISTRIBUTIONS [Include outright spousal distributions, and transfers under Sec. 9116(a)(1.2)] 1 Rosemary Diller Claar 2997 Hemlock Farms Hawley, PA 18428 Niece 331,794.73 ENTER DOLLAR AMTS. FOR DISTRIBUTIONS SHOWN ABOVE ON LN. 15 THRU 18, AS APPROPRIATE, ON REV 1500 COVER SHEET II. NON- TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SEC. 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 0.00 TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV 1500 COVER SHEET $ (If more space is needed, insert additional sheets of the same size) Copyright (c) 2000 form software only The Lackner Group, Inc. Form REV-1513 EX (Rev. 9-00)