HomeMy WebLinkAbout12-03-79 (2)
IN RE: ESTATE OF J. WOODWARD
HERTZLER, DECEASED.
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
ORPHANS' COURT DIVISION
NO. 21-78-255
ORDER OF COURT
AND NO,.T, ..1-;;(,el,YJLeL)
V'I /gf-~, ,I,..... _' L:
/;
./
c:::"./
, 1979, upon considera-
tion of the annexed Petition and on motion of Wm. A. Kramer, 2nd,
Attorney for the Petitioners, the prayer of said Petition is
granted and a citation is hereby directed to be issued to the
Secretary of the Department of Revenue of the Commonwealth of
Pennsylvania, to show cause why the appeal of Samuel B. Hertzler
and John W. Hertzler, Jr., Executors of the Estate of J. W. Hertzler,
Deceased, from the appraisement for transfer inheritance tax purposes
dated October 3, 1979, on the Estate of J. W. Hertzler, deceased,
should not be sustained.
Said citation returned fifteen (15) days after service.
BY THE COURT:
t~E.~
J.
1:: ,1 v;:
I' f\f'~""
1.\../0
,Iii f I~
, ,', '^,;~-
024
IN RE: ESTATE OF J. WOODWARD
HERTZLER, DECEASED.
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
ORPHANS' COURT DIVISION
NO. 21-78-255
PETITION
TO THE HONORABLE, THE JUDGES OF SAID COURT:
The Petition of Samuel B. Hertzler and John W. Hertzler,
Jr., Executors of the Estate of J. Woodward Hertzler, deceased,
through their attorney, Wm. A. Kramer, 2nd, respectfully represents:
1. That J. W. Hertzler, late of the Borough of Carlisle,
Cumberland County, Pennsylvania, died testate on May 1, 1978.
2. That the Last Will and Testament of J. W. Hertzler,
Deceased, dated January 12, 1978, was duly probated in the Office
of the Register of Wills in and for Cumberland County in Will Book
78, Page 658, wherein and whereby, inter alia, he appointed Samuel
B. Hertzler and John W. Hertzler, Jr., Executors thereof.
3. That the said Samuel B. Hertzler and John W. Hertzler,
Jr., Petitioners herein, applied for and were issued Letters
Testamentary for the Estate of J. W. Hertzler, Deceased, on May
1;3, 1978.
4. That on January 29, 1979, the said Executors filed
the Pennsylvania Inheritance Tax Return for the Estate of J. W.
Hertzler, Deceased, a copy of which is attached hereto and marked
Exhibit "A".
1.."""\ -""
t.. I ' ....' ,1'.
~.~,\ ....\.10
" f"'lf\
U "-U
5. That the assets of the estate as reported in the
Inheritance Tax Return on Schedule "B", included 375 shares of the
capital common stock of J. P. Bixler & Sons, Inc.
6. That the value of the aforesaid stock was reported
for inheritance tax purposes by the Executors as $599.00 per share.
7. That by appraisment dated October 3, 1979, the
Department of Revenue of the Commonwealth of Pennsylvania valued
and appraised the capital common stock of J. P. Bixler & Sons,
Inc. at $690.25 per share as is more particularly set forth in said
appraisement and letter of explanation dated October 22, 1979,
copies of which are attached hereto and marked Exhibits "B" and
"C", respectively.
8. That the Department of Revenue of the Commonwealth
of Pennsylvania erred in appraising the aforesaid stock for the
following reasons:
a. That the Department did not take into considera-
tion the liabilities of the corporation during the year of the
death of the said J. W. Hertzler.
b. That the Department did not take into considera-
tion the change of management in the corporation effected by the
death of the said J. W. Hertzler, deceased.
c. That the Department did not take into considera-
tion the losses sustained by the corporation.
WHEREFORE, your Petitioners pray that a citation be
directed to the Department of Revenue, Commonwealth of Pennsylvania,
t.).. ;'~
.< 1'{....
l- ~~-"' .u
" ,) j
UI\.,L.
-2-
to show cause why the appeal of Samuel B. Hertzler and John W.
Hertzler, Jr., Executors as aforesaid, from the appraisement for
inheritance tax dated October 3, 1979, for the Estate of J. W.
Hertzler, deceased, should not be sustained and the value of the
capital common stock of J. P. Bixler & Sons, Inc., for inheritance
tax purposes be as reported by your Petitioners in the Pennsylvania
Inheritance Tax Return, to wit: $599.00 per share.
/-<-')!!:l /7. ~-n-Uyo2ud
Wm. A. Kramer, 2nd
Attorney for Petitioners
ii 1 , .~ (~".-... :)~l'.'-
~...~ "".\ ....... ~,...r tJ r ".'--,.~
" ,", ")
O.c:..(,;,
-3-
COMMONWEALTH OF PENNSYLVANIA )
COUNTY OF CUMBERLAND )
ss.
Being duly sworn according to law, SAMUEL B. HERTZLER
and JOHN W. HERTZLER, JR. depose and say that the facts set forth
in the foregoing Petition are true and correct to the best of
their knowledge, information and belief.
')~4Q 13, ~~
~7/1 j I
&... ~. /~Lt )'\;\
7 . f \) ~
.j . /
/ I -
,/
Sworn and subscribed to before me
t hi s -2 O-kJ day 0 f ('\r:>[ l(/(\'\kl..C.r-, 1979.
, \ \ ~ \ \ . ~ . I I
. ' ro I / '~""
" <.J' ;.\ i'. I", -: J..r/.~"-~~
'j.Y'~"':.:'."1 '..8'.;. ",~~ / ).
\. -~ ~ >, - - , - /). ,-~ ',"" ' .r ~r/ \ "," f""" .": ../( ,
. tr:r;:' '.,Vt(:'vf~~!; I il p1\ 1/ CO tJ ~ ..(..
I" c) '. (. . >.'.,,:.. ,<(.
. :::~ri.~E MAFHE.W*", Notary Public
(mZ,l..i"'Y(iJtrib;,rto'rr~~niY, Po.
,.; {i.'::~l't}:~~'<J?>'~' i 7 / .~~~
. 1 ~ "!.' AV~~;O("" .j"..... 'lC''li3
t:.....:\ _ I,,!;:: t.J~f
. h
. "'('/::-33 '4-' 31
(~OMM()NWI"t\I:nl ()I; PENNSYLVANIA
IH~Pi\RTMENT 01; I~EVENUE
IJIIRh\l! OF (OllNTY COLLECTIONS
*
f" ("
~~-.._- Samu~.LJ;t~__HerJ<zler---'Uld_J.QhrL}L. Hpl"t:zl E"r') Jr.'
'....::. .'. of the .slUle of the a,bove-named decedent being duly sworn, depose and say
.' .
.' . ".: ,;~ .,
.:'~.~.
. I
. !,.'
ReSIDENT DECEDENT
COUNTY Of
Cumbe~lal1d.
" , - ..... .,~
IMPO.....ANl :
....:-:- _~,'__"__'_'" .,__, n,.. .. .~, ' _.. '_'._~p ,...__. _. n~~.'. . _ "',,""._-"h . _ '" ."___ "',,' ':':':.- .;'_"::. _ ,,'}
Thls return lUust he c"mpl~te:d 10 dl,tall lind f1lcdm dUlllil.'lltC. with all attached, with the keaister.orW{u....'-~':;;.
County whcr~ dccedent resided. Return IS due Wllhlll nme months alter date of death. unt... an elt\_~~......-.
by the SenClaty of Rl"llclltJe. (SCt;lI"n 71H 'II the: Inheritance and Estate Tal!. Act of 1%1:), .. ".>.:".
-~,.--,'~',.'_.... -_.~._",-... .~ ._~v .. I", ,\']O:,,:,,~,,'.).
~~'~~~-~'~
a....n.of.
Cavl isl.e..._ .Cumbe rland
Penns..YJ:Y~n..:t~__._.___._.~. .}
, $S.
Cumb e r land..__.._____ ____..
} ,\1'1 11M VIT OF
I' X H'lJTOR
Jl Zl\tIJIIIIXllt1aXJX
;,:<,'('i,
'~'.,
IN Ttm,MA:IlLR 01' TUE FSTATI' Ill,
J. W. Hertzler
""--r$1''A:rfCF';Ji:-L: N Ar~\:; 0 F r;E,'i;Oi::;:; =ri
:".~i '
County
Stota 0'
C..".ty of.
. ,::,~'::i~~1'~'~~_,'_'
""'.'",,,'':'
""."'~',,,:< ':'- ';;,;:'~~.<.
":c"';
'b~~ent died
. May J,
. IMOr,TH)
^ ,"--.
..' "'*m....atijl,... af attorne"or }
........ ;........~... ....'... '.".'.. }.s. ...."._.." "'. ...."
}~tt~~~....~...hovld b". ma.1Ctd,
.' ','",'-",;,',--,' ,:'.,"
I r'AYI
. l')iY~~R) G;=;t~eaYing a last will, capy of wItldtl~k..et..~~...}:::,' /{'
1,~" t,
.Wm.~._,~~___~,r~.f!l.~_~, .~r1..sL_ _ ___'__'__
._9ne _J._~y111L1l0\1!..~J_q.rlif3_1e ~ Bennsylv8.1)151
':fi,~.l ',;~:{;":,,
:t1 QJ.~ '\.
<,
,':,
",,";
l"h.t..SSIWh Executor~~deponerll is familiar wllh the affairs of said estate aM the pf9pOJtYCqpstht:ttitll
(f:XE.CU,Of/-AOMINISTRATOR) . . . .
",' 'the,.ssets thereof a.nd their fair market va lue.
l'blltanhe tillle ofdca.th there. was no safe dqmsll !to.\ rqustcred Inde~edClnt' siodiVjd_'l"lune,~,~htttyj<Wi~,...i'
~ill,enU)t @puty of another,ur in ~kcedcnt':. irulivi.Jual nalllc, \\-It/night 01 accefl.1l by anotlUlfall ~.e"'t,~;~~\.ii~~
.c.,.,:eptiOq<ofJl1e f"Unwin1/.: - '. "..
;1~~~~~~~:?~~:;~~=r~57;'~?~~~~~;~N"P
Fa~rn~~s, .'t't>ps t r.omPAPY----.-.-----..--.--.'-.t -J.~..
'pn.e... W~.' .~ 1;... ~.' 1en s t}"(te....... LL. - __.__....__._."..__ __... .. ._,...... . .... _.._..'_ '__. __"__.__'''_'__'"'""_
.Ca:c(ll~4,~h Penn~Yl Y~n1EL170l3 _"_____,.._,_._....._.____
Box'#228~ =i
REI. ATIONS,",',"0'" JQ~... t
HOI.Q~lIIS TO 'f: l'
.....
that the contents of said safe deposit bOll or boxcs are itemized under ScheduleliB
witbt~ exception of thefollowiog, for thc reasons hereinafter set forth:
of. tbis ...t....
That Sch.du/e A attached hereto and made part hereof sets. forth fully and in detaifall the roalpl'()pcrty
in the.. Commonwealth of I'ennsylvania of \lhil:h decedent died having an interest therein. It also sets forihth&\l
IIiortp~ encumbrances \lpon cachparn" ..I relll prup~:rty al the date of death, 8ivin~ the amount still due.at
de.th.. name of mort.gagee, date, rate ofinlere,l. and hook and page of rccord thereof, It also liets(orth in the
.<loll..u. prov.ided therefore the as:sessed valualion of eal:h of said parcels, the estimated ~arket value tIt.roof
all of. date of deat.h of decedenl.
That Schedule B attached hen'lo and made part hereof sets fot th fully and in detail all petsonal propo~y
wherurjver situaled owned by thl' den'lll'nl at the tlllll' of d<'ilth; all money" left by the dc;cj,ldenl at tho t.....f
death, whether in decedenl'" illlllH'lhale p(Js!>~'''sjon. slamllllg III decedcnt's credit in banks of deposU. ..Vi.",1
banb, trust companies. ur olher institutions. whether individually, lit in trust for any oth.r pefllOll .()f p.r~.
givina also separately Ihc accrued interest thercolI, if any, down to the lut interest daypri., to clec:ecto~fi
death in the case of savings banks. and 10 the dail: of dCl:cdent's death in all other cues; all bon;d.,po.l
uv h.p , trcasurycertificates or notes and other evidence of indebtedness of the United States toU."..
ccdC)ot; all obligations, whether hy slatule or agreement they are desigl1ated as tax free, 9fthe United St....
or any I>tllte. or PfJlitical stthdivisicl/I thereof, or of any fOtcigll wlIntry. which art: owned anhe timlllU' 0,...;
.11 wearing apparel. jewdry, !>i1verw arc. pi e1ures. hooks, works of art. household furniture, horses, carri.ps,
autQMObUes, boats. and any and a/l other personal <.:hallcls of whatsoever, kind or nalure, left by dccedQl)t.
together with the fairlY cslirnall'd marker valul: thereol' all honds and mortgages held by decedent and oran
claimll due and owin!<( dc<,:clknl al Ihe llm,' ..I' dt,alh. and all promissory notes or other i'l.luruments in writi..
forth!;: paymenr of money of which dn:euelll died pnssl~s"ed, of whatsoever nature, with interest therClon. i(
.,ny,givin8 the lace value and estimalcd rail' market value thereof. and if such estimaled (air market.vellle.\te
less than Ihe filee value, It sch follh hrid Iy the reasons for such depreciation as to each item; all ntQll1wtl
payable to the e s la te frolll life insurance Plllicie s ell "ied hv decedent; all annuity and endowment con....Cts
the pr~eeds of whi~:h were paYllhle upon the death or th~ decedent: all and the ~~orporate stocks aad divido"s
due thereon and unpaid as of the dale of dCluh, honds and accrul'd rntcrest thereon to the date or de~~n.fs
death and nther investlllent securities owned by the dt:\.'edent at Ihe time of death. with theM.rket v.luet.h.re,.
of at such lime.
f- ibill'A"
----_Jl-..bi__L____ .
{. ~
In the cue of lIecurH.les of clol'l(, or ram11 y corporat.ions, the values reportecJ areal rat' ...
~..lbl., ll\lbatantlllted by financIal stntements of the ('orpnrllt.lons. showill!!; t.he assets and liablUtte.
thet'''ot uor the date of' death, The I!Iclif"cJule iiIi'll) Hf'fs f'orth th" 1nteresf. of Ih~ce,tent. at the 1.1.. of'
4e..t.h 1"'.,. co-pa.rtnel"llhtp or btl"tnes!ol, 11rIcJ in support of the VIlI lie of stich 1nt.e-rest t.here- taannexed tQ
.,ald80_d,,18, rlnanctal statements shoWing thf'IISSpts 101<1 Itllhllltlf'S of' "iliff co-pllrt.llf!r!'lhlp or hUstlleal'h
A'~opYor the CO-.fHlrtnershl(1 IIp;r,'elllellt, (If' nrlll, ft slldf'ml'nt s,,'t1nr- flll'th llif' nU!lIre of t.tlft I\p;reollllilnt,).
to..thel' with .,.lItllt.e1llent ''''tt.ln~ fllrlll tI". <'IlIl.rlll'f."r ..I' lIlt' IllIHl,,,,'1.G, Ifs '0(,,11 lOll, .IIII! ro4l1'~h nt..her tact.
pe"tatntn, to the busine.. 111'1 "'flY he p"rl I nell! I.., II I'll t r" Ilnff .lWd "pl'r!d:o\'t1 of' tllf' 1l"(~'!'lrmtl.s tntl'll"!!'It
tb4t,..IJ1I'1u.tbesubmttt",d. It. ~hould IIll'11' "',,( 1'01'111 III fl"""'/f'" f'lI,'m. to~.'tl"'r wlfh Ih,' 1',\11' m.rlmt "llhHJI
t.~ftOr, &n7 other property QWIlI:'.1 or hC1Il/f'/l1lIHlI h)' lilt' <I""",'..nl lit t.I". Urn.. of' ".nU"
1'b41' Sch,d"l, C Attached hereto Iintl Ill/ull' )Inrt. Ill:'reof Sf'''''; forth 8 true answer t.o eaoh Inqu1l"
C~1..4t~tn and in th. cae of transfers of property, real or personal, wHhin two years of decedent'.
"e,th, Inconte1llPlation of' decf!dent'. death, or Inlf'nllfld to 'I\ke I:'f'fect In possession or en;JoJ1llent .t or'
''''.1' d....h, liIatd schedule set.s fort,h t.h/! nlll.ur" 111101 \'11111" of s\II'll {lI'''I'f'I'I.y, t.o whom t.rllllsttfrI'OO, the
...~.tl(QI'''t.pot' the t'lInfl'fe...ee!'l to the deceden t, the propor HOIlIt t.P flhllre r"f~p1vf!(1 by eltch trAnsferee tuJd.
"l~.oth.1' f'act.of a pertinent nature r"g:~rding !'lIdo tr/ltl/llf'ers. In UIft I'ltSf'! of trllnsff!rs intendftd to.
ta", d'te~tll'l posse..lonor enj(lyment itt. flr lifter ffellth, there Is IIJ R(l II tf.1lch.Ht to the schedule a oopy
otthe ~d,tru8t &gl'eement or other instrument. Cl'fHtt.ln~ Un' trllst. Th.'I'l' Is 11190 set forth In IUl.id
.c,,"ulea list of all pl'Qperty, real IHlet personal, wit.h it.s Vllllll'. whj(,h pl\~ses at lIf>cpdf'nt's death by
vt,t't;Ue or't.he exercise by decedent. either Indlvic'hwlly, IIr.lnll1t.Jy wIth l\not.hf>r, 1)1' any flower of' appolnt-
1l4tI\~ v....t.4tiltndeeedent. e1ther lnd1vldllf\l1y or jointly, toy I.he wlll, d.?el1, or tlUt.~r Instrument of another,
w,'" a ..~y or the inlHttMnt creElttnp.; SlIch powpr 1It.t.t.dl.'t1 to Ult' sdlPllulp..
'fht;t Sth.dul* 0 Ilttllcheli hereto 1m" IlItUt.~ part lwre"f' ~..ts fort.h t.lIP nllme~ ",nit Ilctdr.saes of Itl1
. . ..
petottonll b"fiela11y lntel'e,st.ed In this estllt.e at the Um.! of lipe"d"nl.' s cteat.h, the lIut.ure of their .l'e5-
,..tb.~..t.t"U, the11'l'dfltionfJhlp, 1 f any, t.o tilt' rtpcNient., tow~t.h"'r wi t.h the ages at the Wile at
a.e.dltrtt'.cSeath or llU ..1 no 1'8 , annuHl\nt.s SlIrl benpfle1ar!<>s for life llfll\er .hH'erlent's Will. Hahn
'.'-blJ1ti'."t.ent ,oolflng which of' the h'meficl.nrlps Ilnmell III IIII' df~f'(>ftellt.'!'\ Will, If Itny. 11100 'PrlQI'
toc.Q.-t.,tMut,,,. or t.h.tr cJfOltt.h. t.l...lr I.""".., """ U", relllUonsIr'p or SllI'h '1Jl'U1ft t,o t.he btltntltrhtlal'Y.
'ttU~1; $~""du',E attached heret.o Ilnd mlUlo II 1'111'1 her..ni' (';(>I.!'I fllrth 1111 property. "eal and p.t-
..1. 0--''')'' the ..ed.ent .1 ointl Y 'II t.h 1I1lt) ther Il r IIthf!r!l, I nrl "" I Ilg 1 n t.nll~t hI e, !t t.llndi ngin the n'"
,~:t"'.~~t ,end oth...., plus the date and plllce Ill' rpeord of' '''''trlunullts f!rfectin~ the Htlltttut'_ 0-1'
.~.~.."'l.~ the dat," of aCf{u181 Uon IIf ptlrl'lllllltll.y, pI us the II lime, ,H\(1rN15 an.i ""'latton.hip, i'M"
,~].""otiMt'. ~o the lblced4m t.
;~ ;:',.
e",;, . '._t.. Se,.,du', ,. ..tt.ch~d hereto and made Il part hereof set.s forth f'ully Ilnd In cJp.taU aU Mbts
..~:tl~i.~c)ft.!Olal.ed for, and onbehlll f of this rleCl'rlent.' 5 est'It...., Incl,,<l1n~ f\lneral expensell paid;
,.l',_.tlOtt,Wh.ttJ&p1:tl1eabh; costs of Ildmt.nislratlon of I.hts estllte; counsel fees and IUdiot_..y'.
........... '''14 0.1' te." Paid; cost expended for ll\lr 111.1 trusts, tombstones or grav.IIIIll'kers, andl'eU...
.lotI- "!'VI.., ln coft$4itq\lence of the death of the decedent; debts and 1.:1 alms owing and unpaict at tlMo'f'
'.,ft"'J,...acOl'ued ohllr8eable for period prior to decedent's tlenth (except t.hose allowed under ~t10ft
HI .t~"'tnb4t'1tane. and Estate Till( Act): together with a stat.ement of collateral pledged for db11,...
t.tIItW".lt.... It ls,acNed tMt the fiduciary will present proof of' suld claimed obligations. UP<Ql",-
,...t,'~I'lt .the!L*)Uftt actually paid In settlement of MY fee, commissJon 01' debt Is leu tMln the
'~fol..",'-"t elUJQt\g and allowed, that the same w11l be l'f>Jlorlf!ct to the Regtstf!r of Wills, an4tMt
.... ......' 'fit tal! u..$tIed can berefl.sses!l4"!ct In accordance t.herf'!w I t.h.
.to t.Ji*,tiIl'''l. of th.apprQprlat~ eolUJlln" in Schedlllt"!'; "A", "8", "C", "":". llnli "F" as .ltrected thel'e1.n.
.... ...,......,ied tOt~Atd and pl'ofM'rly re.ll;tstf9l'ed In t.he- SlInanary.
.{~ :
{i."<;-',', ",
~,,;t~""'~'" ut .\YOm. to before tile this
,. .'
<':, ..:'......'.....'.
..~.~~J~~_~;.-j"
.(E~~~t.~~~~.h.'....'.M...__....._...
c/o One Irvine Row
..........................................................#......................_...............I......~..
(StTect N"mb..,.) .
Carlisle, Pennsylvania l1U13
,.......,..,.......................... .,.....................................
(Citll CYI' Tow" 11M State)
-Q:rtt ,"'C)Jl1J .1gnlnl affidavit make Alire III I hlllllk sfla.~f'~ ill lit... at'fiflllvH and 8()h~rl\lle" llnnexed ar.
hlle" 1ft lttth..de taU. or the word "None", II lilt In cuBf' th~! IHISpls .I nc lulle 1'8 re awt un1 t!li ted seeu1'(U~,
'......l..'...orclo.. 0.1' 1'lI.lll11y corporattorl!ol or an Intf'I'.!~t In IIIlY co-pllrt.rlf!r!lhtp or huslnell., tha.. the
,..t..fl':.t4t4tlll&ntll '41qull'ftrl under the 1'lIrll~rftl'h IlhOVI' "I'IIIt.lnll, 10 SI'Iwrlul.... "8" f.t.re IIt.tllchEHI. .u.O IIl&ke
'.l"t.el,a-':t."at e01..,.,1 1n the "RUlllllllry" tlllt; h..en p rop",'I'y ('omp I r' t Pel II S II hnv/!-d J rpc tP.lt.
'.. dat of ", .
'.. 19,.7.9.,
.' -....... -., ......'
}~~..."4I...~~~~.h~:;;.....~.,
f' . . ,
"c (-34 (<4./3)
COMMONWEALTH OF PENNSYLVANIA
DEPARTt.\ENT OF REVENUE
BUREAU OF COUNTY COLLECTIONS
TRANSFER INHERITANCE TAX
RESIDENT DECEDENT
SCHEDULE "A"
REAL PROPERTY
*'
Real property in Pennsylvania, with statement of mortgage encumbrances upon eoch porcel ot death of dece.
dent. Property held by the decedent as tenant in common with onbther or other, should be identified
as to quantum of interest and the estimated value should be that of the decedent's interest only. (Property
held as joint tenants with right of surviorship or tenancy by entireties should be reported on Schedule "E.")
The reol property located In the Commonwealth of Pennsylvania should be
de:scrlbed by lot ond block number, street and str.et number, together with
o general description of the property, with a r.fer.nce to the record of the
conveyance by whl ch the decedent took title; If a farm state number of a-
cres; also statement of mortgage encumbrances upon each parcel at death
of decedent. Taxes, assessments, accrued Interest on mortgages, etc.,are
to be listed on Schedule "F" and must not b. deducted from this schedule.
(1)
(2)
m
DEPARTMENT
VALUATION
CAUTION
(Do not write
In this space)
ASSESSED VALUE
FOR YEAR OF
DECEDENT'S
DEATH
ESTIMA TED
MARKET VALUE
- NON E -
Insert this total opposite "reol property", Schedule "A" In the X X X X X
"As Reported" column en the last page of this return.
-0-
RCC-35
RESIDENT DECEDENT
SCHEDULE "B"
PERSONAL l'HOPERTY
'*
COMM'ONWEALTH OF PENNSYLVANIA
TRANSFER INHERITA.NCE TAX
INSTRUCTIONS: This Schedule must disclose all tangible and intangible personal property owned individually
by the decedent, at the time of his death. Property owned by the decedent jointly with another or others
must be listed under Schedule "E". Intangible personal property, titled in the name of the decedent, but
payable at death to another or others, including but not limi ted to P.O. D. U. S. Savings Bonds and tenta-
tive trust accounts, must be listed, despite the fact that they are not of the administered estat~
Tangible personal property should he listen first (e.g. jewelry, wearing apparel, household
goods, anft f'lIrnishlnll;!'l. hooks, II/lInt InKs, uut.omohlj,'l'I, hOI\t.8, etc.)
Irlt,llllll;lhlH I'orsmvd I'rIlJ,,'rl.y, such 11S bOlllls, t.rellsury ("'rt.lflcllt.f'8, cash 011 hand and in bank.
!ltocks, IIIOrtgl~gps, notes, t.o,l!.pt.her with I1cfrued Int..-rest or dividends, slllllrles or wages, insurance pay-
able to the estute or fiduciary in sHld cllpacity, partnership interests, interest in any undistrIbuted
est.ate of or income from any propert.y bl'ld 1n trust under the will or agreement of another, even though
located outside of ttlf' St.llte, lit t.he tlmp of death, should be listerl in this schedule.
Item
No.
ITEM
List and describe fully
UNIT
VALUE
ESTIMATED
MARKEl' V AWE
DEPARTMENT VALUATION
(Do not write 1n
this space)
1.
Miscellaneous personal property, inoluding
clothing
$
250.00
2. 375 sharest J. P. Bixler & Sons, Inc.,
Carliale, Pa., capital stock; UNL; value
$599.00 per share as per attached appraisal
of Robert A. Greenawalt, C.P.A. 599.0( 224,625.00
3.
IndepGulence Fund '!'rust Certifioate.
Independence Fund of Horth America, Inc.,
now National Seourities B.nd Research
Corporation; certificate dated 09.0).34;
Trust Fund liquidated :lS per :'!OO(~y' s
advisory 3ervice, worthless
-0-
-0-
I nser t this to tal opposi te "Personal Proper ly", Scherlul e "B" in
the WAs Reported" column on the Inst page of this return.
x X ~224)875.00
GREENAWALT & COMPANY
Certified Public Accountants
RODEDT.... GREENAWALT
ALBERT.... REIDINGED
O. BDW ADD ROGERS, JR.
October II, 1978
8 WEST HAIN STRUT
P. O. DOX .
HECHANIC8DURO, P.... 17055
88 SOUTH PITT IITREBT
OARLISLE. P.... l'1018
2'70 weST MAIN STRml:T
P. 0. BOX Uti
HlDDLETOWN. FA.. 1'703'7
JAd8 E. LYONS
William A. Kramer, 2nd, Esquire
Kraaer & Kramer, Attorneys-at-Law
One Irvine Row
Carlisle, Pennsylvania 17013
Dear Bill:
In reference to your letter of August 14, 1978, it is .y opinion that
the value of the stock of J. P. Bixler and Sona, Inc. would be the same
value as of May 1, 1978 that .y letter of July 21, 1978 reflect. the value
at Dec..ber 31, 1977.
My opinion is based on the business cycle of the Hardware Stores.
That is, since the hardware business is at a low ebb January, February
and part of March each year and is the worst business period of the
year, and the latter part of MArch, April and May of course in their
Spring .eason and the business improves. Due to those circ~tanstances,
it i8 .y opinion that there would be no material change to the value of
the bu.ines8 between Dec..ber 31, 1977 and May 1, 1978. And to ay know-
ledge no alsets were sold or purchased during thi. period.
If you have any questions or if you want to aeet and discu.. the.e
valuations, plea.e contact me.
Very truly yourl,
NLpartaer
GREENAWALT & Cc:MPAlIY
RAG: lab
cc: Sa. Hertzler
MEMllrR~ - AMUl.\CAN INSTITUTE "ERTIIIED PlJIll.lC ACCOUNTANTS - PI'NNSYLV ANIA INSTITLJTr or CERTIFIED Pllll! II' ..-r"".'~' ..--
GREENAWAI.T & COMPANY
Certified Public Accountants
ROnF.RT A. GREENAWALT
ALBERT A. REIDINGER
C. BDW A.RD ROObS. JR.
July 21, 1978
8 WEST MAIN STREET
P. O. BOX G
MECHANICSDURO, PA. 1705:5
aa SOUTH PITT STRF.ET
CARLISLE. PA. 17018
279 WEST MAIN STREET
P. O. BOX 128
MIDDLETOWN. PA. 17037
JAMBS Eo LYONS
William A. Kramer II, Esquire
1 Irvine Ruw
Carlisle, PA 17013
Dear Bill;
In response to your request for a valuation of the stock of J. P. Bixler
& Sons, Inc., as of December 31, 1977, we hereby submit to you the following;
1. In accordance with information recorded in our work papers,
there were 670 shares of common stock ~"ith a pH value of $100 per share,
outstanding as of the date of death.
2. The book value of the outstanding stock as of December 31, 1977,
was $401,569, or $599.36 per share.
3~ The Corporation reci)rds silOYJ tlH' fc)llo\ving net profit:; for the
past three years:
1977
1976
1975
$15,179
624
3,116
The fixed assets, composed of real estat,! and equipment, are carried at
a net book value of $38,45/L These have prob,lbly appreci.'lted in value. The
inventory is reflected at a value of $520,576. The inventory turnover in
each of the last several years has only been 1 1/4 times, Wllich indicates the
possibility of a substantial amount of obsolete and unusable items.
Taking these items into consideration, we feel that a fair valuation would
be arrived at as follows:
Recorded book val'je, l)pcember 31, 1977
$401,:569
Add: Estimated appreci3tion of real estate and
equipment to $100,000
61,546
Ded'lc t:
Estimated inventory obsolescence-20%
( 104 ..L~~2t
~5U.'~"t~_~,?_~"_Y-,q 11.1 €~
$J59,()()O
Add: Earnings factor - average of last 3 years
capitalized at 10%
63,060
.$_422 ..Q.~Q
MEMBERS - AMERICAN INSTITUTE CERTIFIED PUBLIC ACCOUNTANTS - PENNSYLVANIA INSTITUTE OF CERTIFIED PITRT If" .r<Y>""~. ,,_^
William A. Kramer II, Esquire
Page 2
July 21, 1978
Since the aforegoing computation so closely approximates book value we
suggest that the recorded net value of the assets, or the book value of the
stock, be used 88 the actual value of the capi.tal stock outstanding, i.e.:
Book value, 670 shareR outstanding
$401,569
Value per share of outstanding stock
$
599
If you have any questions, or need additional information relating to
this matter, please call or writ€ me.
Very truly yours,
, ' ~~
:/ /,/.// ,/
;/ t'~ ..< t'e i// :"",-)"1t"c",' lee /( ",'-74'--
"sJ6
Robert A. Greenawalt, Partner
GREENAWALT & COMPANY
RAG/clh
RCC-3b
COMMO\'WEALTH OF PEN~SYLVA~IA
TRAXS.FFR I\"HE!UTA\TF TAX
SCHEDULE "e"
TH\\TSFEltS
'*
RESIDEXT DECEDE\"T
(1) Did decedent, within two yelirs of death, make any transfer of any material part o~ his estate, without
receiving Ii valuable and adequate consideration therefor? (Answer yes or no) no
(2) Did decedent, within two YfJars of death, transfer property from himself to himself and another or
others (incllld.ing a spouse) in joint ownership? (Answer yes or no) no
(3) If the answer to (1) or (2) above Is in the affirmative state:
(a) Age of decedent lit time of transfer
(b) State of decedent's he/lIth at timf:' of making the transfer. (Note 1).
(c) Caulle of deep-dent'!i denlh. (Note ll.
(4) Did decerhmt, in his llffJtlmn, 1lI11kf' /lny transfer of property without rfleeiving a valuable or adequate
consideration therefor which was to toke eft'eet in possession or enjoyment at or after his death?
(Answer yes or no) no_
(a) Was there any possihility that the property transferred might return to tra.nsferer or his
estate or be subJect to his power of (l1sposition? (Answer yes or no) no
(b) What was the transferee's age at time of decedent's death?
(5) Did decedent in his lifetime make any transf"'r wi thout receiving a valuable and adequate consideration
therefor under which transferor expressly or impliedly reserves for his life or any period which does
not in fact end before his death:
(a) The possession or enjoyment of or the right to income from th~ property transferred?
(Answer yes or no) no
(b) The right to d.esignate the persons who shall possess or enjoy the property transferred or
income therefrom? (Answer yes or no) no
(6) If the answer to (5) (b) above is in the affirmative, state whether the right WAS reserved in decedent
alone or others
(7) Did decedent in Ids] ifetime make a. transfert the consideration for which was transferee' 8 promise to
pay income to or fo I' the benefi t of (:nre of transferor? (Answer yes or no) no
(8) Did decedentt at any timet transfer property. the beneficial enjoyment of which was subject to change,
because of a reserved power t.o Il] t.er, amend, or revol(e, or which C011ld revert t.o decedent lmlter terlllS
of transfer.or by operation of Illw? (Answer yes or no) no
(9) If the answer to (ii) above Is in the affirmative, was the power to III ter, amend, or revoke the inter-
est of the beneficiary reserved in th\' decedf'nt alone or the decedent and others?
(Answer yes or no)
NOTE 1: The (1nSWers to these questions should be Sill/ported by affidavit hy the attending phY!lician as
well as 1.1 copy of the (leath cert.i ficate.
NOTE 2: If answer to any of the llbovp questions is y('s, set. forth below a description of the property
transferred, it's fair market Vllllle Ilt dltte of llellt.h, liates of transfers and. to wMm trl\nsferred, with
relationship of trllnsferees to decedent, 1 f any. SubmIt. copy of /tny trust deefi or instnlment, if trans-
fers are clalmerl to be nnn-taxable, also submit detolled stlitenwnt of facts on whieh said claim Is based.
NOTE 3: List applicable prolH.rty below III mann(~r in which provitif'd 1.n S...heou)es A, B, or E.
ITEM
DESCR!!'T ION
MARKET V ALOE
(Es tima ted)
DEPT. VALUATION
(Dept. Only)
NON E -
-0-
Insert this totrl.l 01'1'0<;1 te "Transf"rs", Sellptlulp "CO 111 the
"As Heror ted" co I umn on tI," l:t s t. I' 'Ii'," 1I f' tilts r/'t.urn.
''-:-,(:-3..
REsmENT DEn'DENT
SCIIUH '! I', "E"
IOINTI. Y OWi\!'l1 PIWPFRTY
COM\lONWF.\1. III OF PL'\INSYL\ANJ\
TRA'\SFLR I:../IFRIT\NCL TAX
I"'STRl'CTIO"'l/~: rids ",.iI.>dll)1' milS! dlsr-]II"" all nrop.'rly, r.'u] and PPI's'>Ilal, OWIW.] hy the .If>e,~<ient jointly
With (mlltl,,>r or otllers, ine]J/(j]ng inlllnriIJ]es, sllindi'li~ ill Ihe n/wl" of th" dee.'dellt Ilnd others. List
r...al ..sLtt.. rirsl, 'IS ("rti,."U,'", or join! tPIIIlIII,s, giv]lIg hrio.r d"scI'jpt jon, as indicutt>r1 lITIller Schedul..
"A", I'l\ls Ih.. d'd.. 11111\ 1'1'11:" of' """ol'd oj lnstrllIlI<'nl I'l'f""Un/4 Vl'st 11111''', hilt do not include entireties
or 'llll o/' sl'.II' r"ltl ,"slaCI' V.IIll" III ,-sl<>I" VIIIII/ltlon 1-,dlllTln, 1"""""1111 pI'op"rty silollld he Ilst.ed IlS In
S("}lf~dld4:. "H", 1'111" d;ttf~ or itl qIJL~.;i t.lon, lIud the- rlHIl\P, addl'p~,,~., alld r.~lltt,lollshi(l (1 r uny) of eO-OWflf~r& t.o
thf~ df!Cedpll t.
D'>s,'r]pI Ion ,,1' 1'/'1'1'1'1' I.,\', DIlt<' or i'1l-quisJ t jon, Nltlrll' "Ill I
Addr'ess aIld Helalj.,t1sllip of ('o-lIwtlers, illllf plllce
or Ih~cor(1 of Instrument, where Heal Estate,
/, ~ ~:*'>>>'>z~<~Y~%,~;W{z*::?j'/~;~r~0/;~
M$h (~~X"x~. ,>t, ,xP>~, X x
, , ,', ',v'xv\?/.' ,'//.1'
Vlllup
l'prCt,'nt l\~P
Shar..
1':S1.1I1,'
VIIllIlltion
DEI' AllTMENT V A.Ll' AT [() r>
C,\UTION-Do not Wr\ Ie
In This Spite.>,
x
,x
xx '
<;,V,
<>'x'
Value of
En tire
property
Value of
Deceden t' s
Interest
1. ALL that certain tract of land
with improvements thereor. erected
3ituate in the Borough of Carlisle,
Cumberland County, Pennsylvania, witL
rronta~e on Belvedere Street of lOaf
and extending in even width a distance
of 100'; Havinz thereon erected a two
story brick dwelling with attached
garage and being known as 25[ Be1veder
Street. Owned Jointly with survi\lng
spouse, Ardelle ~~. Hertzler. See Deed
dated December 13, 1940, recorded in
Deed Dook 'Gi. Volune 12, Pa;;;e 22-4.
Value as per attached appraiea1 of
William H. Ilool{e, Jr.) heal tor 74 , 9( ().
W~
-0-
2. Household furnishings owned
jointly with surviving apouse, Ardelle
H. Hertzler~ value 8.8 per attached
appraisal of Roy D. Gottshall, Jr.,
Auctioneer 2,67L .50
0;::
-0-
3. Checking account #4-1804-6,
Farmers Trust COI:lpany, Carlisle, Pa.
owned jointly with A.rdelle Y1. Hertzler
8urv! v1ng spouse 4, 99t . G~'
or,
-0-
_{I_
Insert tliis t.oud OPI'osil.. ",loillll~ {)w,wd Pr'ol"'Y'ty", S"i:"dll]P "E" -
In tilt' "As I{"!.orl."d" ('ulll;'ul or, liil' 1"...1. jlH:,(I' 0(' tltls r"tllrll,
Office 717-243.4929
HOOKE REAL TORS
W. H. HOOKE
GEORGE O. LEBO
WILLi.'\",1 H. HOOKE. JR.
Resident'/a!. CC'"!1mercial. Land Sales,
Devei i'Xl, g..ii!ding. Appraising
133 S. HANOVER ST,
CARLISLE, PA. 17013
September 21, 1978
Kramer and Kramer
Mr. William Kramer, Esq.
1 Irvine Row
Carlisle, PA 17013
Re: Estate of J. W. Hertzler, Residential Property
Attn: Mr. William Kramer 2nd.
Dear Mr. Kramer:
On September 20, 1978, I personally inspected, for the purpose of
establishing market value, the residential property of the Estate of J.
W. Hertzler located at 256 Belvedere St., Carlisle, Pa.
Tho homo is locatod in 11 /o{ood It] J'o"idontill] <HHtrlct within th(> Borough
of CarIb.le on a woll landscapod lot 100 Joot by lHO foot in silt.n.
The home was built in 1941. It is a two story house of brick and wood
siding construction, containing approximately 1860 square feet in addition to
a basement recreation room of approximately 325 square feet, An integral
attached 1 car garage is approximately 13 feet by 26 feet in size.
The house contains 4 bedrooms, one not heated from the furnace which is
the original heating plant, 2! baths, living room with brick fireplace, dining
room, and small "eat in" kitchen which has a stove, dishwasher, and disposal.
In addition the house has a basement family room with tile floor and a
small screened-in porch.
The house and land is assessed at $7,560.00.
Taking into account the high quality area in which this home is located,
lot valuation as compared to recent comparable sales of nearby land, present
day construction costs and comparable recent property sales of this same type
property, my appraisal of the above described property is $74,900.00.
Kramer and Kramer
Page 2
September 21, 1978
I have been actively engaged in all phases of the real estate business
for the past sixteen years since 1962 in the Carlisle area. I have been
licensed as a Real Estate Broker by the Commonwealth of Pa., since 1965.
I have no past, present or future interest in this property that would
in any way affect the appraised value contained in this report.
Very truly yours,
1
, 1 E R LTOR 1
tJJ:01& LiktJi.~
UTTnT............ ~ ....
January 23, 1979
APPRAISAL FOR THE ESTATE OF: ,J. WOODWARD HERTZLER, 256 Belvedere
Street, Carlisle, Pennsylvania
LIVING ROOfv'!:
Pie Crust Table
Color TV
Sofa
2 Low Living Room Chairs
VjctorJan Ch:l.ir
2 ~;rnaIJ [,(~dc;;tal :ltilnrJ:;
Mirror'
Table & Floor Lights
Misc. Items & What-Nots
$ 75.00
100.00
35.00
32.00 PRo
l'(7.r)o
11 () . () 0 I' H .
r)o.OO
52.00
137.50
DINING ROOM:
. 4 Drawer Bow Front Chest
Misc. Contents
$125.00
87.00
KITCHEN:
Refr"Lge~a.tor
Dl n llwa;:\ hc' r
rrable & Chales
Misc. Items
:)', nrj. 00
) I ) . () 0
;'ll.()O
32.00
2ND FLOOR, SOUTH _BEDROOM:
Acron Poster Rope Bed
Chest of Dralflers
Open Wash ~)tand
~;152.00
195.00
130.00
2ND FLOOR, NORTH BEDROOM:
Double Bed Complete
Minature Blanket Chest
Victorian Couch
Chest of Drawers
Sewing Stand
$100.00
97.50
325.00
160.00
32.00
FARMERS TRUST COMPANY
CMLISLE. PENNSYLVANIA
Date May 12, 1978
_.William A~ Kramer, II _
One T rv-i np. Row
Carlislp-, PA ]701~
Re: Estate of .J. Woodward Hertzl pr
Date of Death May 1, 1978_
DeM Mr. K~amer
In answer to your request concerning accounts owned, either separately or jointly, by
the above referenced decedent and the balance in each account as of the date of
death, we have checked our records and are submitting the following information in
duplicate. We suggest that you file one of these letters attached to the Pennsylvania Inven-
tory forms (RCC) to substantiate the balance you report.
Note that we have shown the correct registration for each account. Also, interest accrued to
the date of death, if any, is listed as a sepMate figure.
Very truly yours,
aJJdJr~:~
- Olive ~olinger,/
Supervlsor
Bookkeeping Dept.
Balance1.n account #4-1804-8 $4,998.65
This account was a joint account in the names of
.J. Woodward Hertzler ,:~nd A.rdelle W. II(~ dzl er.
OR/db
RCC- 37 (12-63)
('O\!.\IO:\'\\EALTll OF rE:\:\'>YYI\'\I\
THANSFEH lNIIEHlTANC!': TAX
HFSIDENT DECEDJ-::\'T
SCIII:DlLF "D"
BE'\ EFIU:\HI ES
_ ._~ _.__~~JJ~_._
Cl f . : > 1 . 1 ~ " J
.-..-...---..--,.---'-
HEL\TIONSIIIP
(If :;ll'p.chtldrl'rl or
Ji leg ill "la((' chlldn.n
;,n' I!lvohl'd. sd
fort l. th,,; fad )
I
I
I
t--..--.--
- i-.----.. '-"-"'--'
-.--.+-- ~._--+_rq.~< 09 I Approox1 t'1~tely -SJ
I
I 1 no lud 1 ng 1 j fe .-e
i .----.'------------t
eon--~=--=r-~~-~==-.-~~5..28~~+ RP.m81 nd~r
, I
.-- +--.---- -'-'-'.'.'--1--
I
. ----.-.--- --------t--
.------~-.-- I
, I
~~-3---+Q3 < 24.J!2--t- ReMainder
.. ..~.....__..---+-- ------.
I
.... .----.____1....___.__
BENEFICIARIES AND ADIl,U:SSES
Slate lull nar:n's an'l ad(1rf's:-i1' I)t al j ~"'~J('\l
,
lave an in! "rl'~t. ,/pst (.d, (Iflt Uti. -ttl (/1' (ILh, rJ,
SUHVIVEI)
DE('EDE:'-iT
STATE Yf:S
Of( NO
\) ,\TV
(\ "
INTEREST OF
BENI<:FICIARY
IN ESTATE
IIIHTH
.~_..~-.._.~ -~
..f-
Arde lle-..ll....~cr..tzler _______-j-...s..p..o IS Q
2 ) 6......ll e 1 ve d er e... S t re ," t..______.
----.--t------.------..........-.--------
Car-l1~ Pa. 17-O-l:r-----.
--+-~
8amue-l-- B.- Hert ~~.._---+
~ I
-.b..D2. Gobin St:r'p-et______
Carliale. Pa. l'i'()l~----'--1"
----~--_..._------~...- .----+---..-..
John W. Bert z 1 er. .Tr. +$Onn
R. D. '3. Box U4A________t-______.
Newv111eJ Pa. J7~~J
-----T.-...--.-.. -----
. -+------------
i
.--.._-----_.--.._--~-_.-
I
I
-----i-
. ---'f- ------.
I
!
-t------..--.."..-..---
j ..
j I
-...---- -------j---- .--.-- -- - ---t......- .-------+-----.----
I I I
~- ._-=t---~~~--
i- . j .
.--------+------ --- -----r- .---- ----r-
--.--.i.---.------- ---t-------- ..------+..--
i--I =t
~=H~ 1-. n_~L -~~-=-ti _____ ____________
I i I
-...---.---.--..--.... ---------- -..---.---t--. ..--.- ------+-.-.- -~---.. E'
i I,
-==~-===~:=1-:- =t --~l-= I.
~--_===~-=:=:- _-=~-=E-==f.. ..- - ...1- ==t---
-1
i
------.--.--.----------..-. "--r
. --t-o
i
!
--'--1"
--- +-----
.--t
.-.j.-
I
-1-
II"'T"HI "rt I f'llrU..'r Si'Y" th:<t all l.I,,' aIHlvP-l\ampl\ b"I\I'f'leillries ar.. Ilvlll~ Ilt. t.his t.lmfl eXcflpt. helow:
NA,\U;
VA TE OF I>EATII 1
-------+
I
---t
--- ----- -----+-----
I
, I
....---.------+--..--.-. ---.- ---+.
! II
i
I
RESIDENCE
..---------.-----..-r-.
l-----
.---~------..--- --".-----.--1"
.. "':'
$(1)--
f<'
';j: =
'j;; Q;I S
's 4> .:
'l;lQ.8
< e.
.:..8=c,
o Q;I
:;r;;'t
u=,8.
~ e Q;I
f.':! ==
Real Property
Personal Property
Transfers
SUMMAHY
(Sch. "A")
(Sch. "B")
(Sch. "C")
( 1 )
(As R 'ported)
( 2)
(As Ddl'rminl'd \
Jo1nt'P1"dperty
Cross Taxable Estate
(Sch E)
$
$ ... 0....
$224,875.00
$-0-
$ -0-
$
$
$
$
$
$
$
:t~Jt..RT' ~O
t- al <l> ~
Z rl H
.. W '"
<U r:I U) ...J ::>
.... Q;I
Q.I ..., ~ oM. ~ CI
....
W Q rl IJ'J fJ
V) H -
- ~
< cr: cO ~ ell:
" r.:.. l.il 0 c Q,. ...
p.. 0 ~ -: Q,. Q
p.. N c..i .; ~ -
tlJ ..r: w .....
:= :r W Ei 0 'd ,'. N
... t- ~ c: " Q
... W
~ - .... ..-: fLl -l~ m "
,.:. - c t- ;.::: r-f ~I ~ a::
% t- V) ::s k r;;.... f;9
:.... w 0 Q,) ..... i-
....
~ C ::=: H .n c:c <:
c 0 S ~- 0 ~
c::: C',) .... =-
,S .... -:;
.~ W ~ U :;., ....;
,,= ~ ~ -- ;;; c:c
,;:; 0 ~ <(
......
if; ..-: ~ ;... ~
.....
...., ,.. ~ .
- ~ :E:
"
;.... ...,.: ...J 0 (] ~
'"
J. WOODWARD HERTZLEH ES'llA'J'E APl'RAI:3AL CONTINUED:
NURSERY:
Single Bed
Oil Lamp
Misc. Pictures & Lamps
$ 30.00
22.50
50.00
GARAGE:
Misc. Hand & Garden Tools
~j; rr5. 00
BASEMENT:
2 Captains Chairs
Combination Washer/Dryer
2 Metal Cabinets
Porch Chairs & Other Misc. Items
Rinse Tubs
$ 80.00 PRo
12.50
20.00 PRo
65.00
5.00
The above appraisal was made by: Roy D. Gottshall, Auctioneer
Houte III
Boiling Springs, Pennsylvania 17007
'1. ,> .;7 y:.'
,/ e,-) A" ~/-... ,/' ,;1,,' .' C
"j;-~r 1//fA!'-~Q'~~___~_-Lj")31 L1
""./
,)
)..J(A4( k(~:-a.l-'
, ....(~,.7 _ / ,,?!") (
/ U I <..I' .10.. \..
REV.SIB (3-79)
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF FIELD OPERATIONS
P. O. BOX 2970
HARRISBURG
17105
IN YOUR REPLY PLEASE
REFER TO
I nV81tigation Division
NOTICE OF FILING OF APPRAISEMENT
Sanuel D. HertGlep
l'i02 C1ol',ln ft.
C~!'l ~ ft l~.... P !I:..
" ohn ~. I:.~t .1eT'. Jr.
"J t!:l, ~OK l:\ltA
.lI!2lL__._.Mlvi] Jt.. j) t~ 1 '7~1a ,
(Executor or Administrator!
In Re: Estate of
J.. ~, .. ; 4l'J 1:' t ~~ 1..,.
CU1fll\(!o1'1and
County - File No. ~) -18-n211
Dear
You are hereby notified that the (iF!~1...1
appraisement in the estate of .r. \if. H..,tlit le"
has been filed in the office of the Register of Wills of (.\A~~'eI'1.R4
County on !l fl ('!'t o~.1" ,19--1Sl' Said appraisement reflects the following valuations:
Real Estate )ie..
Personal Property (~ :) 5 ~ ,,() flj ~.. ., 5
Transfers N4)".
Jointly Owned f~.s:U~
Total ____.________:~ ~ t {, . f.. q 3. ..1!L
As to such tax that is paid within three months from date of death, a five (5%) percent
discount is allowable. As to any tax that remains unpaid after nine (9) months (fifteen months
when death occurred from December 22, 1965 to June 16, 1971, inclusive; and twelve months
when death occurred prior to December 22, 1965) from date of death, interest at the rate of six
(6%) percent per annum is charged.
Any party in interest who is aggrieved by this notice may object thereto within sixty
days after receipt of said notice as provided by Section 1001 of the Inheritance and Estate Tax
Act of 1961, 72 P. S. 2485.1001, P. L. 373.
I
Date
3 (jo'tob€'r l~'~
Signed
. I
Ii," .
Title AJipr.l.ft~
NOTE: This is not a bill.
~)l~; \c,{ '113 I,
COMMONWEALTH OF PENNSYLVANIA
DEPARTM::NT 0;: REVENUE
BUREAU OF EXAMINATION
P. O. BOX 3653
HARRISBURG, PAt
17129
October 22, 1979
William A. Kramer, II, Esq.
1 Irvine Row
Carlisle, PA 17013
IN YOUR REPLY PLEASf
REFER TO (717) 787-6204
Re: Estate of J. W. Hertzler
File No. 21-78-0255
Dear Mr. Kramer:
As per our recent telephone conversation, please
be advised that the Commonwealth's valuation of the refer-
enced-estate's 55.9% stock interest in J. P. Bixler & Sons,
Inc., was determined as follows:
Accounts Receivable Less 15%
Inventories Less 25%
Fair Market Value of Real Estate
Other Assets
Total Assets
~ess Total Liabilities
Adjusted Book Value
Number of Shares Outstanding
Suggested Value per Share
Number of Shares Held by
Referenced-Estate
Suggested Total Value for
Referenced-Estate's Interest
$ 56,390.70
390,432.00
231,500.00
35,015.00
$713,337.00
250,871.00
462,466.70
670
$690.25
690.25
375
$258,843.75
If you have any other questions, please contact
this office.
Sincerely,
~- I.~._I ''';>},I .__2 . ,
//::-_ .....,.. _'y~_~/i
'~~ohn M. Ross
Inheritance Tax Section
Reports Reconciliation Division
~)(h;6i~ ~Ch