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FAMILY SETTLEMENT AND FINAL RELEASE~~Bo
ESTATE OF ARLENE H. ALDERMAN . .:'-:6
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KNOW ALL MEN BY THESE PRESENTS, that Arlene H. Alderman, late ohthe
Borough of Camp Hill, Cumberland County, Pennsylvania, deceased, died testate on
February 28, 2007, having first made his Last Will and Testament, which was duly
executed on June 17, 2004 and probated in the Office of the Register of Wills of
Cumberland County, on March 15,2007 as File No. 21-07-0250.
WHEREAS, the said Arlene H. Alderman, by the aforesaid Last Will and
Testament, named James J. Alderman and Michael J. Alderman as Co-Executors of
said Last Will and Testament;
WHEREAS, Letters Testamentary on the Estate of the said decedent were duly
issued by the Register of Wills of Cumberland County, Pennsylvania, to the said Co-
Executors, hereinafter called personal representatives;
WHEREAS, the personal representatives have gathered the assets of the Estate
of the said decedent and the assets consist of personal and real property with the total
value of $732,589.05 as set forth in Exhibit "A", which is a copy of the Pennsylvania
Inheritance Tax Return filed and approved by said personal representative, and which is
attached hereto and made a part hereof, and marked Exhibit "A";
WHEREAS, the debts and deductions, including the payment of inheritance tax
in the said Estate, which have now been paid, leave a balance for distribution of
$667,021.75, also as set forth in the statement of said personal representative, which is
attached hereto and marked Exhibit "B";
WHEREAS, the balance for distribution as shown in the said statement marked
Exhibit "B" has been reduced to cash and has been distributed as herein indicated in
accordance with the terms of the Last Will and Testament of the said Decedent;
NOW, THEREFORE, Richard J. Alderman, Jr., James J. Alderman, Daniel J.
Alderman, Michael J. Alderman, John W. Springer, Sydney M. Alderman, Lindsay M.
Alderman, Pia J. Alderman, Greta C. Alderman, William J. Alderman, Ethan J.
s
~(1 / b7
Dae
IN WITNESS WHEREOF, they have hereunto set their hands a
and year noted below.
-; /7/07
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Date
?~Jc:r;
Date
r:Y/O)
7-J3--oJ
Date
.CZ4i
7/;;2.~/ 0{
Date L
Daniel . derman as Trustee for
S1:Q~
M'ichael J. Ald~rman as Trustee
for Pia J. Alderman, Greta C.
Alderman, William J. Alderman,
And Ethan J. Alderman
-;il)Il
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
PO BOX 280601
HARRISBURG PA 17128-0601
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
NOTICE OF INHERITANCE TAX
APPRAISEMENT, ALLOWANCE OR DISALLOWANCE
OF DEDUCTIONS AND ASSESSMENT OF TAX
'*
REV-15~7 EX AFP (06-05)
DATE 07-02-2007
ESTATE OF ALDERMAN ARLENE H
DATE OF DEATH 02-28-2007
FILE NUMBER 21 07-0250
COUNTY CUMBERLAND
ACN 101
APPEAL DATE: 08-31-2007
( See reverse side under Objections)
Amount Remittedl I
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
CUT ALONG THIS LINE -+ RETAIN LOWER PORTION FOR YOUR RECORDS +-
-------------------------------------------------------------------------------------------
REV-1547 EX AFP (03-05) NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF ALDERMAN ARLENE H FILE NO. 21 07-0250 ACN 101 DATE 07-02-2007
JAMES M ROBINSON
TURD LAW OFFICES
28 S PITT ST
CARLISLE PA 17013
TAX RETURN WAS: (X) ACCEPTED AS FILED
CHANGED
If an assessment was issued previously, lines 14, 15 and/or 16, 17, 18 and 19 will
reflect figures that include the total of ALL returns assessed to date.
ASSESSMENT OF TAX:
15. Amount of Line 14 at Spousal rate
16. Amount of Line 14 taxable at Lineal/Class A rate
17. Amount of Line 14 at Sibling rate
18. Amount of Line 14 taxable at Collateral/Class B rate
19. Principal Tax Due
TAX CREDITS:
PAYMENT
DATE
05-03-2007
RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE
APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN
1. Real Estate (Schedule A)
2. Stocks and Bonds (Schedule B)
3. Closely Held Stock/Partnership Interest (Schedule C)
4. Mortgages/Notes Receivable (Schedule D)
5. Cash/Bank Deposits/Misc. Personal Property (Schedule E)
6. Jointly Owned Property (Schedule F)
7. Transfers (Schedule G)
(l)
(2)
(3)
(4)
(5)
(6)
O}
.00
.00
.00
.00
9,845.62
.00
722,743.43
(8)
8.
Total Assets
APPROVED DEDUCTIONS AND EXEMPTIONS:
32,207.21
359.07
Cll}
Cl2)
Cl3)
Cl4}
9.
10.
11.
12.
13.
14.
Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) (9)
Debts/Mortgage Liabilities/Liens (Schedule I) (10)
Total Deductions
Net Value of Tax Return
Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J)
Net Value of Estate Subject to Tax
NOTE:
Cl5)
Cl6)
Cl7)
Cl8)
.00 X
680,022.77 X
20,000.00 X
.00 X
RECEIPT
NUMBER
CD008116
DISCOUNT (+)
INTEREST/PEN PAID (-)
1,650.05
AMOUNT PAID
31,350.97
TOTAL TAX CREDIT
BALANCE OF TAX DUE
INTEREST AND PEN.
TOTAL DUE
I
" A 'II
* IF PAID AFTER DATE INDICATED, SEE REVERSE
FOR CALCULATION OF ADDITIONAL INTEREST.
NOTE: To insure proper
credit to your account,
submit the upper portion
of this form with your
tax payment.
732,589.05
3~."i66 ~8
700,022.77
.00
700,022.77
00
045 =
12
15
.00
30,601.02
2,400.00
.00
33,001.02
Cl9}=
33,001.02
.00
.00
.00
( IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE
A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.)
REV -1500 EX +16.00}
.
"'---~-'---~'U-~_~__';.~".'~_"___'~<'_'~'..'_~_~J_m._____~_._.___..,. .
REV-1500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
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COMMONWEAl1H OF PENNSYLVANIA
DEPARTMENT OF REVEI'IJE
DEPT. 280601
HARRISBURG, PA 17128-0601
FILE NUMBER
21
07
00250
NUMBER
COUNTY CODE YEAR
SOCIAL SECURfTY NUMBER
....
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W
o
W
o
DECEDENTS NAME (LAST, FIRST, AND MIDDLE INmAL)
Alderman, Arlene H
202-28-3864
DATE OF DEATH (MM-DD-YEAR)
DATE OF BIRTH (MM-DD- YEAR)
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
02/28/2007
06/27/1937
REGISTER OF WILLS
SOCIAL SECURfTY NUMBER
(IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST AND MIDDLE INmAL)
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1. Original Return
2. Supplemental Return
3. Remainder Return (date of death prior to 12-13-82)
o 4. Limited Estate
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On.
o 4a. Future Interest Compromise (date of death
after 12-12-82)
o 7. Decedent Maintained a Living Trust (Attach
copy of Trust)
o 10. Spousal Poverty Credit (date of death between
12-31-91 and 1-1-95
THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
AME COMPLETE MAILING ADDRESS
James M Robinson
o 5. Federal Estate Tax Return Required
o
6_ Decedent Died Testate (Attach copy
of Will)
9. litigation Proceeds Received
8. Total Number of Safe Deposit Boxes
o 11.Eleclion to tax under Sec. 9113(A) (Attach Sch 0)
IRM NAME (II applicable)
Turo Law Offices
28 South Pitt Street
Carlisle, PA 17013
(1) None
(2) None
(3) None
(4) None
(5) 9,845.62
(6) None
(7) 722,743.43
(9) 32,207.21
(10) 359.07
LEPHONE NUMBER
717/245-9688
1. Real Estate (Schedule A)
2. Stocks and Bonds (Schedule B)
OFFICI.AL iJ:$i; OHL Y
3. Closely Held Corporation, Partnership or Sole-Proprietorship
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4. Mortgages & Notes Receivable (Schedule D)
5_ Cash, Bank Deposits & Miscellaneous Personal Property
(Schedule E)
6. Jointly Owned Property (Schedule F)
o Separate Billing Requested
7. Inter-VIVos Transfers & Miscellaneous Non-Probate Property
(Schedule G or L)
8. Total Gross Assets (total Lines 1-7)
9. Funeral Expenses & Administrative Costs (Schedule H)
(8)
732,589.05
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I)
11. Total Deductions (total Lines 9 & 10)
(11 )
32,566.28
12. Net Value of Estate (Line 8 minus Line 11)
(12)
700,022.77
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)
(13)
(14)
700,022.77
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
15. Amount of Line 14 taxable at the spousal tax rate, x .00 (15)
or transfers under Sec. 9116(a)(1.2)
z 680,022.77 .045 (16)
0 16. Amount of Line 14 taxable at lineal rate x
;::
<(
....
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n. 17. Amount of Line 14 taxable at sibling rate 20,000.00 x .12 (17)
:;;
0
0
>< 18. Amount of Line 14 taxable at collateral rate
<( x .15 (18)
....
19. Tax Due (19)
30,601.02
2,400.00
33,001.02
20.0
CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT.
>>"BESURETOANSVVERAll QUESTIONS ON REvERSE SIDE AND RECHECK MATH<<
Copyright 2000 form software only The Lackner Group, Inc.
Form REV-1500 EX (Rev. 6-00)
Decedent's Complete Address:
STREET ADDRESS
1700 N. Market Street
CITY
Camp Hill
I STATE PA
I ZIP 17011
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
(1 )
33,001.02
1,650.05
Total Credits (A + 8 + C)
(2)
1,650.05
3. Interest/Penalty if applicable
D. Interest
E. Penalty
Total Interest/Penalty (0 + E)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
Check box on Page 1 Une 20 to request 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.
8. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
(3) 0.00
(4)
(5) 31,350.97
(5A)
(58) 31,350.97
Make Check Payable to: REGISTER OF WILLS, AGENT
PlEASE ANSWER THE FOLLOWING 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;..................................................................................... 0 ~
:: ~:::~ ~h~e~~:i~~:~::~7:~.~~~.I~.~:.~~~.~~~.~:~~~~~~.~r.~~.i.~.~~:~:::::::::::::::::::::::::::::::::::::::::: ~ ~
d. receive the promise for life of either payments, benefits or care?.................................................................. D ~
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without
receMng adequate consideration?..................................................................................................................... ..... D ~
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 IndMdual 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 peljury, 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 ADDRESS
James J. AI e
DATE
1773 North Meadow Drive
Mechancisburg, P A 17055
(--:., --O:r~
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DATE
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//
ADDRESS
81 Greenwood Circle
Wormle sbur , P A 17043
ATlVE
ADDRESS
~
28 South Pitt Street
Carlisle, P A 17013
For tes of death 0 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. 39116 (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. 39116 (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 0% [72 P.S. 39116 (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. 39116
1.2) [72 PS. 39116 (a) (1 )].
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. 39116 (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.
.
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
COMMONWEAlTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT OECEOENT
ESTATE OF Alderman, Arlene H
I FILE NUMBER
21 - 07 - 00250
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 Wachovia Securities Investment ACCOilllt
DESCRIPTION
VALUE AT DATE
OF DEATH
9,845.62
.
TOTAL (Also enter on Line 5, Recapitulation)
9,845.62
*'
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Alderman, Arlene H
FILE NUMBER
21 - 07 - 00250
This schedule must be completed and filed if the answer to any of auestions 1 throuah 4 on page 2 is Yes.
ITEM DESCRIPTION OF PROPERTY DATE OF DEATH %OF
Include the name of the transferee, their relationship to decedent and the date of transfer. DECO'S. EXCLUSION TAXABLE VALUE
NUMBER VALUE OF ASSET OF APPLICABLE}
Attach a copy of the deed for real estate. INTEREST
1 Merrill Lynch Investment Acet 872-54002 267,052.90 100% 267,052.90
2 Merrill Lynch CMA for Trust Acct 872-54012 455,690.53 100% 455,690.53
TOTAL (Also enter on line 7, Recapitulation) 722,743.43
*'
SCHEDULE H
AJNERAL EXPENSES &
ADNINSTRATIVE COS1S
COMMONWEAllH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Alderman, Arlene H
I FILE NUMBER
21 - 07 - 00250
Debts of decedent must be reported on Schedule I.
ITEM DESCRIPTION AMOUNT
NUMBER
A. FUNERAL EXPENSES:
1 Neill Funeral Home 12,657.55
2 Theo's Bar & Grill- Post-fi.meral meal 1,244.13
3 Boscov's - Clothes for burial 60.00
4 Pam's Flowers - Flowers for funeral 1,118.25
5 Richard 1. Alderman - Travel Expenses Related to Funeral 120.00
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 Turo Law Offices 14,651.78
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 Register of Wills 545.00
Cumberland Law Journal 75.00
The Sentinel - Legal 158.81
5. Accountant's Fees
6. Tax Retum Preparer's Fees Robert Kautz - 2005 to 2007 Returns 1,500.00
0.00
7. other Administrative Costs
1 Staples - Files, boxes and Journal 76.69
TOTAL (Also enter on line 9, Recapitulation) 32,207.21
*'
SCHEDULE I
DEBTS OF DECEDENT, MORTGAGE
LIABILITIES, & LIENS
COMMONWEAllH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF d I H
AI erman, Ar ene
I FILE NUMBER
21 - 07 - 00250
Include unreimbursed medical expenses.
ITEM
NUMBER
I Neighbor Care Pharmacy
DESCRIPTION
AMOUNT
267.30
2
Health Network Laboratories
51.77
3
Heartland Pharmacy
40.00
TOTAL (Also enter on Line 10, Recapitulation)
359.07
, .,.
EXHIBIT "B"
GROSS ESTATE
$699,588.03
LIABILITIES
A. Neill Funeral Home
B. Theo's Bar & Grill - Post Funeral Meal
C. Boscov's - Clothes for Burial
D. Pam's Flowers - Flowers for Funeral
E. Travel Expenses to Funeral
F. Turo Law Offices
G. Register of Wills
H. Cumberland Law Journal
I. The Sentinel - Legal
J. Robert Kautz - Tax Return Preparation
K. Staples - Estate Administrative Needs
L. Neighbor Care Pharmacy
M. Health Network Laboratories
N. Heartland Pharmacy
TOTAL LIABILITIES
$ 12,657.55
1,244.13
60.00
1 ,118.25
120.00
14.651.78
545.00
75.00
158.81
1,500.00
76.69
267.30
51.77
40.00
$ 32,566.28
$667,021.75
AMOUNT REMAINING TO BE DISTRIBUTED
DISTRIBUTIONS:
Richard J. Alderman, Jr.
James J. Alderman
Daniel J. Alderman
Michael J. Alderman
John W. Springer
Sydney M. Alderman
Lindsay M. Alderman
Pia J. Alderman
Greta C. Alderman
William J. Alderman
Ethan J. Alderman
Alexander J. Alderman
TOTAL DISTRIBUTIONS
$118,005.44
118,005.43
118,005.44
118.005.44
20,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25,000.00
25.000.00
$667,021.75