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HomeMy WebLinkAbout06-20-08 (2)15056041158 REV-1500 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue Bureau of Individual Taxes County Code Year File Number Po Box 2sosol INHERITANCE TAX RETURN 21 0 7 10 3 5 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 195-32-1526 10312007 06041916 Decedent's Last Name HILDEBRAND Suffix Decedent's First Name SARA WOLFE (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE - - REGISTER OF WILLS FILL IN APPROPRIATE BOXES BELOW MI MI 1. Griginal Return ^ 2. Supplemental Return ^ 3. Remainder Return (date of death prior to 12-13-82) ^ 4 Li it d E t t ^ 4 F t I i f C d ^ 5 . m e s a e a. u ure nterest omprom se ( ate o . Federal Estate Tax Return Required death after 12-12-82) 6. Decedent Died Testate ^ 7. Decedent Maintained a Living Trust ~ 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) ^ 9 ^ 10 ^ . Litigation Proceeds Received . Spousal Poverty Credit (date of death 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. O) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name ~ Daytime Telephone Number PETER J- RESSLER, ESQUIRE 717-232-5000 ~.., Firm Name (If Applicable) ~' ' REGISTER OFiI)11j,.L~S USE ONtYT- METTE:, EVANS & WOODSIDE =~_~ r-. First line of address } n `" " _ _~ t•.1 3401 N • FRONT STREET ~~' ``' _ .% s Second IinE; of address ~. ~ .-- ~ ~ PO BOX 5950 ,,==+ :: City or Post. Office State ZIP Code DATA FILED N HARRISBURG PA 17110-0950 Correspondent's a-mail address: P J R E S S L E R a1 M E T T E• C O M 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 tyke, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. ~~~--~ ~- ~~~ i,~ _. .`>~il~,cA/1lJ' Co: ~9n~a.~loieO~-1 QunQ5aU~ THAN REPRESENTATIVE CSBURG, PA 17 3401 N• FRONT STREET, PO BOX 5950 HARRISBURG PA 17110 PLEASE USE ORIGINAL FORM ONLY Side 1 15056041158 6M46473.000 15056041158 _l 15056042159 REV-1500 EX Decedent's Social Security Number 195-32-1526 DecedenYsName~-IILDEBRAND SARA WOLFE RECAPITULATION 1. Real estate (Schedule A) 1. 2 7 5 0 0 0.0 0 2. Stocks and Bonds (Schedule B) . 2. 0 , 0 ^ 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) • 3. 0 • 0 ^ 4. Mortgages & Notes Receivable (Schedule D). 4. 0 , 0 0 5. Ca:oh, Bank Deposits & Miscellaneous Personal Property (Schedule E). 5. 3569 • 20 6. Jointly Owned Property (Schedule F) ~ Separate Billing Requested 6. 387 , 37 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) ~ Separate Billing Requested 7. 14 9 4 3 3 • 0 9 8. Total Gross Assets (total Lines 1-7). 8. 4 2 8 3 8 9. 6 6 9. Funeral Expenses 8 Administrative Costs (Schedule H) . 9. 3 3 9 6 3.8 6 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I). 10. 4 410 • 9 5 11. Total Deductions (total Lines 9 & 10) . 11. 3 8 3 7 4 •81 12. Nett Value of Estate (Line 8 minus Line 11) 12. 3 9 0 014 • 8 5 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) . 13• 0 . 0 0 14. Net Value Subject to Tax (Line 12 minus Line 13) 1a. 390014 •85 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Arciount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) x .00_ 0.00 15. 0.00 16. Amount of Line 14 taxable at lineal ratex.o4-5 390014.84 16• 17550.67 17. Amount of Line 14 taxable at sibling rate X .12 0. 0 0 17. 0. 0 0 18. Amount of Line 14 taxable at collateral rate X .15 0. 0 0 18• 0. 0 0 1 s. ra,x DUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... 19. 17 5 5 0.6 7 20. FILL IN THE BOX IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 15056042159 snnasaes.ooo 15056042159 REV-1500 EX Page ;f 11ene'Inn4•c f`mm~ln4o AilrlrocN File Number 1035 DECEDENTS NAME HI D R D A W F STREET ADDRE:iS C MBER AN OU TY CITY MECHANICS URG STATE ZIP - Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) 2. Credits/Payments A. Spousal Poverty Credit 0 • 00 B. Prior Payments 17 5 0 0. 0 0 C. Discount 8 7 8. 2 6 3. Interest/Penalty if applicable D. Interest E. Penalty 0.00 0.00 Total Credks (A + g + C) Total lnterestlPenaRy(D + E) 4. If Line 2 is greater than line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in box on Page 2, Line 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. (1> 17550.67 (2> 18378.26 (3) 0.00 (a) 827 • 59 (5> 0.00 (5A) 0.0 0 B. Enter tha total of Line 5 + 5A. This is the BALANCE DUE. (5B) 0 • 0 0 Make Check Payable to: REC~STER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: ~ a .a. retain the use or income of the property transferred; X b. retain the right to designate who shall use the property transferred or its income; c. retain a reversionary interest; or . ~ a ii. 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? . " " or payable upon death bank account or security at his or her death? in trust for 3. IDid decedent own an 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which ~ ^ contains a beneficiary designation? IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of desith on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §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 zero (0) percent [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 filing a tax returin 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 use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [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 four and one-half (4.5) percent, except as noted in 72 P.S.9116(1.2) [72 P.S. §9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. £9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. 6M4671 1.000 REV-1502 EX+(6.98) SCHEDULE A COMMONWEALTH OF PENNSYLVANIA REAL ESTATE INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Sara Wolfe Hildebrand 21 07 1035 AI I real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which is jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM DESCRIPTION VALUE AT DATE NUMBER OF DEATH 1. 646 Arlington Road, Borough of Camp Hill, Cumberland County, Pennsylvania. Value per attached Settlement Statement. 275,000.00 TOTAL (Also enter on line 1, Recapitulation) I $ 275 , 000.00 awasss ~.ooo (If more space is needed, insert additional sheets of the same size) REV-1508 EX + (8-98) SCHEDULE E COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, & MISC. INHERITANCE TAX RETURN RESIDENT DECEDENT PERSONAL PROPERTY ESTATE OF FILE NUMBER Sara Wolfe Hildebrand 21 07 1035 Include the proceeds of litigation and the date the proceeds were received by the estate. All orooerty lointlvowned with the ris~ht of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER nccra~oTinni OF DEATH 1 Blue Cross Refund 2 Misc. Refund 3 Medco Health Solutions, Inc. Refund 4 Refund of pro-rated school real estate taxes at settlement for real estate listed on Schedule A. 5 Federal Income Tax Refund for 2007 136.40 18.50 1,518.94 1,535.36 360.00 TOTAL (Also enter on line 5 Recapitulation) $ ~ 3 , 569.20 swasgD i.ooo (If more space is needed, insert additional sheets of the same size) REV-1509 EX+ (g.g8) COMMONWEALll1 OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Sara Wolfe Hildebrand 21 07 1035 If an assetwas made joint within one year of the decedent's date of death, it must be reported on Schedule to SCHEDULE F JOINTLY-OWNED PROPERTY SURVNING JOINTTENANT(S) NAME ADDRESS I RELATIONSHIP TO DECEDENT A Berkheiser, Barbara E 40 5th Street, Apalachicola, FL 32320 ter B Wolfe, James B JOINTLY-0WNED PROPERTY: 5250 Strathmore Drive, Mechanicsburg, PA 17050 Son (fEM NUMBfft LETTER FOR JOIN TENANT DATE MADE JD~T DESCR~TION OF PROPERTY INCLUDE NAME OF FINANCIALINSTITUTIONANDBANKACCOUNT NUMBER OR sIMjO1NTDLV HTEID REALL ESBATEATTACH DEED FOR DATE OF DEATH VALUE OF ASSET °h OF DECD'S INVEST DATE OF DEATH VALUE OF DECmENTS INTEREST 1 BA M&T Bank Checking Account #950262346 1,162.08 33.3300 387.36 Interest accrued to 10/31/2007 0.04 33.3333 0.01 TOTAL (Also enter on line 6. Recapitulation) ~ $ 387.37 (If more space is needed, rc~sert additional sheets of the same size) 3W46AE 1.000 REV-1510 EX+ (8-9s) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY ESTATE OF NUMBER Sara Wolfe Hildebrand 21 07 1035 This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM NUMBS DESCRIPTION OF PROPERTY INCLUDE TIEWVAEOFTIfTRANSFEREE,THEIRRELATIONSHIP70DECEDENTAND TFEDATEOFTRANSFER.ATTACHACOPYOFTHEDEEDFORREALESTATE. DATE OF DEATH VALUE OF ASSET %OFDECD'S INTEREST EXCLUSION IF APPLICABLE TAXABLE VALUE t• Leto:rt Trust Mangement Account #20 X00 3617 0 06, titled as Sara E. Hildebrand Trust Agreement account. 133,546.25 100.0000 0.00 133,546.25 Interest accrued to 10/31/2007 488.67 100.0000 488.67 2 15,398.17 Shares Leto:rt Trust IRA Account #14 00 3618 0 06. 15,398.17 100.0000 0.00 15,398.17 Beneficiaries of this account are James B. Wolfe and Barbara Berk:hei ser TOTAL (Also enter on line 7, Recapitulation) ~ $ 09 (If more space is needed, insert additional sheets of the same size) 3W48AF 1.000 Estate of: Sara Wolfe Hildebrand 195-32-1526 Schedule H Part 1 (Page 2) Item No. Description Amount 3 West Shore Country Club 2,603.25 Total (Carry forward to main schedule) 2,603.25 Estate of: Sara Wolfe Hildebrand Schedule H Part 7 (Page 2) 3 The Sentinel - legal advertising 4 I?A Landscape - outdoor maintenance at residence 5 F?A Water Co. - water service 6 Cumberland Law Journal - legal advertising 7 Diane Strematis - cleaning at residence 8 F?P&L - electric 9 Mette, Evans & Woodside - costs & disbursements 10 Moving/Labor expenses for cleaning out residence 11 F3oyer & Ritter - preparation of 2007 personal income i:ax returns 195-32-1526 182.56 1,011.85 162.18 75.00 70.00 138.63 58.52 880.00 325.00 Total (Carry forward to main schedule) 2,903.74 REV-1512 EX + (12-0;3) SCHEDULEI COMMONWEALTH OF PENNSYLVANIA DEBTS OF DECEDENT, INHREERSIDENTDECEDENTRN MORTGAGE LIABILITIES, & LIENS _Sara Wolfe Hildebrand 21 07 Report debts Incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1• HB McClure - fuel oil at residence 525.72 2 Ver~.zon - telephone 105.53 3 PA Landscape - outdoor maintenance at residence 471.15 4 PA Water Co. - water service 21.49 5 AT&7C - telephone 31.36 6 Penn Waste - trash disposal 48.75 7 PP&I~ - electric 59.57 8 McNeils Gutter - maintenance at residence 196.10 9 Wesi: Shore EMS - ambulance transport 835.80 10 FIA Credit Card Services 616.64 11 Kap]Lans - cleaning 7 , 69 12 Mus<:alus - cleaning/storage 65.00 13 The]Lma Detwiler - Caregiver 288.00 14 Mil]Lenium - prescription expenses at Bethany Village 666.15 15 PA Dept. of Revenue - 2007 personal income tax 472.00 TOTAL (Also enter on line 10 Recapitulation) $ ~ 4 , 410.95 awasnH z.ooo (If more space is needed, insert additional sheets of the same size) REV-t 513 EX+ (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF FILE NUMBER ___~ ..~_ _~ --___~___--~ L1 Vi iV.J.J RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)J 1 James B. Wolfe 5250 Strathmore Drive Mechanicsburg, PA 17050 One Half of Residue: 195,007.42 Son 195,007.42 2 Barbara E. Berkheiser 40 5th Street Apalachicola, FL 32320 One Half of Residue: 195,007.42 Daughter 195,007.42 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 T HROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET II NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE Ei. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ 0.00 3W46AI 1.000 (ir more space is neeaec, insert aooitional sneers of the same size) ~~~t~f ill ttn~ ~~es~ttmpnt - _ OF SARA WOLFE HILDEBRAND I, SARA WOLFE HILDEBRAND, of the Borough of Camp Hill, ~- Cumberland County, Pennsylvania, declare this to be my last Will, hereby revoking all ,prior wills and codicils. FIRST: The expenses of my last illness and funeral shall be paid from my estate. THIRD: I hereby give and bequeath, absolutely and in fee simple, to my spouse, W. E. HILDEBR,AND, all my household furniture and furnishings, books, pictures, jewelry, silverware, automobiles, wearing apparel and all other articles of household or personal use or adornment, provided that if my spouse dies before the thirtieth (30th) day following the day of my death, this gift shall lapse or be divested and I make said bequest equally to my children, JAMES B. WO:LFE and BARBARA BERKHEISER, if living at the time of my death, to be divided between them as they shall agree. If they cannot agree for any reason, my Executor shall make the decision and that decision shall be final. FOURTH: The gift to my spouse in this Item is intended to give my estate the marital deduction effective under the Internal Revenue Code to reduce Federal estate tax. Any provisions in this Will which conflict Page 1 S~ with or fail of this intention shall be so reconciled or amplified as to accomplish this ob;jective. If my spouse, W. E. HILDEBR.AND, survives me, I direct that my Trustees, hereinafter named, hold, IN TRUST, an amount free of all taxes equal to the maximum marital deduction allowable to my estate fox Federal estate tax purposes, reduced by the aggregate marital deduction allowable for Federal estate tax purposes for other property or :interests that pass or shall have passed to my spouse otherwise than under this clause and that qualify for the said marital deduction; and fuxther reduced by an amount, if any, needed to increase my taxable estate to the largest amount that after allowing for the: unified credit and state death tax credit (provided the use of this credit does not require an increase in state death taxes) available to my estate, will result in no Federal estate tax, and pay the net income therefrom, beginning at my death, not less frequently than quarterly to my spouse for Iife. All income accrued but not paid to my spouse on the date of my spouse's death shall be paid by Trustee to my spouse's estate. My Trustee shall pay to his personal representatives from any unappointed principal the difference between all taxes, interest and penalties which they nnust pay by reason of his death and those which would be payable by them if such unappointed pri~acipal were not taxable in his estate and shall add the balance of such unappointed .principal to my residuary Trust. FIFTH: I give and devise the residue of my estate, real and personal, to my Trustee hereinafter named, IN TRUST, as follows: (a) The net income therefrom shall be paid to my spouse, W. E. HIILDEBRAND, for life. Page 2 ~~ (b) Upon the death of the survivor of myself and my spouse, the principal shall be divided into two equal shares, and one share shall be paid to my two children: (i) My daughter, BARBARA E. BERKHEISER, if living; (iii) My son, JAMES B. WOLFE, if living. (c) If either of my above-named children predeceases me, his or her share shall be further divided equally among their issue, per stirpes. The share for any issue of my children shall be held, IN TRUST, and administered as follows: (i) The net income from one sub-share may, in the absolute and sole discretion of Trustee, be paid to or accumulated on behalf of each of my grandchildren until they attain the age of twenty-one (21) years, at which time the income shall be paid to each grandchild for life, provided however, that each such grandchild shall have the right to withdraw one-third (1/3) of his or her share of the principal and accumulated income when he or she shall attain the age of twenty-five (25) years, one-half (1/z) of his or her remaining share of the principal and accumulated income when he or she shall attain the age of thirty (30) years, and the remaining balance of his or her share of the principal and accumulated income when he or she shall attain the age of thirty-five (35) years. The rights of withdrawal may be exercised from time to time in whole or in part and the said rights of withdrawal shall be cumulative. (ii) Any sub-share of a grandchild who dies before receiving outright the principal of his sub-share, shall be distributed equally among his brothers and sisters to be added to that child's sub-share, or distributed outright, Page 3 as the case may be. If the deceased grandchild has no brothers or sisters surviving him, his sub-share shall be distributed to my other heirs set forth in this Will in the same order of distribution. (d) If either of my above-named children dies without issue surviving, his or her share shall be paid to my surviving child or that child's issue, per stirpes, as the case may be. SIXTH: Trustee may use principal of the trust under Item FOURTH hereof (.Marital Deduction Trust) only for the benefit of my spouse. With the foregoing exception my Trustee may use principal from the trust under Item FIFTH hereof (Residue Trust) only for the benefit of my spouse during her lifetime, and after my spouse's death, if there is a trust for my grandchildren, for the benefit of those grandchildren as that Trustee deems necessary: (a) To meet the expense of any accident, illness or other emergency befalling any of them; (b) For maintenance, support and education (including college and graduate school); (c) To pay funeral expenses, including the cost of a grave marker and perpetual care of the grave. Any principal used far the benefit of my issue shall be charged as an advancement from his or her family's share of the trust. Further, any invasion on behalf Page 4 of any issue cannot exceed the amount that would be allocated to his or her family's share of such trust. Notwithstanding the foregoing, the power to consume, invade or appropriate property for the benefit of my spouse and issue shall be limited by asc:ertainable standard relating to health, education, support or maintenance within the meaning of subparagraph (a) of Section 2041(b)(1) of the Internal Revenue Code of 1954 or any similar provision which may be in effect at the time of my death so that such power will not constitute a general power of appointment. SEVENTH: I appoint my Trustee as Guardian to hold for minors all property payable by law to a guardian appointed by my Will and use the same for the minor's maintenance and education, either directly or by payment to any person selected to disburse it, whose receipt shall be a complete acquittance therefor. All unexpended income and principal shall be paid to the minor at majority. For purposes of this Will, majority shall be construed to be when the individual attains the age of twenty-one (21) years. EIGHTH: No provision of this Will is intended to exercise any power of appointment, including any power of appointment granted to me by zny spouse's estate planning or other documents. NINTH: All taxes, interest and penalties thereon payable by reason of my death with respect to property comprising my gross estate, whether or not passing under this Will, shall be paid from the principal of my residuary estate, provided however, that funds of my Trust created herein may be used to pay taxes, interest and penalties attributed to such trust assets. Page 5 ~~ TENTH: No interest of any beneficiary under this Will or any codicil hereto shall be subject to anticipation or voluntary or involuntary aliE~nation, and the personal receipt of such beneficiary shall be the sufficient and only discharge of my Executor and .Trustee unless otherwise provided herein. ELEVENTH: In addition to powers given them by law, my Executor and Trustee and their successors and any guardian acting hereunder shall have the following discretionary powers applicable to all real and personal property held by them, effective without court order and until actual distribution: (a) To retain all property received by them including the stock of any cor)~orate fiduciary acting hereunder, provided such property remains productive; (b) To invest in all forms of property without restriction to investments autl:~orized to fiduciaries, so long as such investments are productive; (c) To join in any incorporation, partnership, recapitalization, merger, reorganization or voting trust plan; to delegate authority with respect thereto; to deposit investments under agreements and pay assessments; and generally to exercise all rights of investors; (d) To compromise controversies; (e) To exchange or sell for cash, property or credit, publicly or privately, or to lease, even for a term exceeding five (5) years or the duration of the trusts hereunder, without liability on the purchasers or lessees to see to application of the Page 6 S ~. consideration, and to give options for these purposes without obligation to repudiate them in favor of a higher offer; (f) ViJith respect to my residuary trust under Item FIFTH hereof, to allocate items of receipt or disbursement between income and principal as they deem equitable regardless of the character given such items by law; (g) To apply income or principal to which any beneficiary is entitled directly for his or her maintenance and support should they deem such beneficiary incapable of receiving the same by reason of age, illness or any infirmity or incapacity, or to pay the same to such person as they select to disburse it, whose receipt shall be a complete acquittance therefor, without the intervention of any guardian; (h) To borrow money, including the right to borrow from any corporate fiduciary acting hereunder, and mortgage or pledge as security; (i) To hold investments in the name of a nominee; (j} To distribute in cash or kind or partly in each at valuations fixed by thern; (k) To assume continuance of the status of any beneficiary with reference to marriage, divorce, illness, incapacity or other change in the absence of information deemed reliable without liability for disbursements made on such assumption; (1) To elect to value my gross estate for Federal estate tax purposes as of the date of my death or as of the alternate valuation date as allowed for such purposes, Page 7 ~ ~ and to claim as income tax deductions expenses that would otherwise qualify as estate tai: deductions and other elections allowable under law; (m) Except to the extent necessary in order that the trust under Item FOURTH hereof qualify for the marital deduction allowable under the Internal Revenue Code, it shall not be necessary to segregate investments as belonging to a particular trust or share therein and all interests may be held in undivided form in a single fund from which proportionate distributions are made based on current reappraisals; (n) To merge any similar trust established by my spouse where the terms of the same are identical; (o) To make income or principal distributions during the course of administration of my estate or trusts created hereunder; (p) In the event that I am the beneficiary of a qualified terminal interest trust and the same is taxable in my estate, I direct that my Executor shall seek reimbursement from said trust for all taxes due by my estate because of the inclusion of such trust in my estate, said computation of taxes due to be computed by taking taxes owed by my estate and such property included therein as compared to the taxes my estate would owe in the event said property were not taxable in my estate; and (q) To undertake any and all acts deemed necessary and proper by it for the proper and advantageous management of any trust and the settlement of my estate. TWELFTH: No fiduciary who is a beneficiary of my residuary trust created in Item FIFTH hereof shall participate in the exercise of any Page 8 S ~ ~ discretionary power to use the principal thereof for the benefit of any person or to apportion or allocate items of charge or credit between principal and income of such trust. THIRTEENTH: Any person, other than my spouse, who shall have died within thirty (30) days of my death, shall be deemed to have predeceased me. If my spouse and I die simultaneously, or under such circumstances that the order of our deaths cannot be established by proof, my spouse shall be deemed to have survived me. .Any person (other than myself) who shall have died at the same time as any then recipient of income, or under such circumstances that it is difficult or impossible to determine who died first, shall be deemed to have predeceased such beneficiary. FOURTEENTH: T .appoint my daughter, BARBARA E. BERK.HEISER, and my son, JAMES B. WOLFE, as Co-Executors (herein referred to as my "Executor") of and as Trustees under this my Will. In the event either my said daughter or my said son cannot act or continue to act as Executor and/or Trustee for any reason, the other may continue to act alone in that capacity. No fiduciary acting hereunder shall be required to post bond or enter security in any jurisdiction. FIFTEENTH: My Corporate Fiduciary, if any, shall receive compensation for the performance of its functions hereunder in accordance with its Schedule of Fees in effect from time to time during the period over which its services are performed; provided, however, that if any Corporate Fiduciary shall act in a co-fiduciary Page9 S ~~ capacity, its schedule of fees shall be apportioned among all fiduciaries in relationship to the services that each fiduciary provides. IN WITNESS WHEREOF, I have hereunto set my hand and seal this ~~ day , 2000, to this and the preceding nine (9) pages, and I have also pla ed y initials on each preceding page for better identification and greater security. ,,~ ~G~~ (SEAL) SARA WOLFS HILDEBRAND SIGNED, SEALED, PUBLISHED and DECLARED by the above-named TE:statrix, SARA WOLFS HILDEBRAND, as and for her Last Will and Testament, in the presence of us, who at her request, in her presence and in the presence of each other, have he>reunto subscribed our names as witnesses: Residing at `~~ Z "~~~ ~-~`~~U^c Residing at ~~ J .~ -~-,L~Q ~-rz7 ;~ ;'~..LL. ~? %t.~ .1.7v ~- ~~ ACKNOWLEDGMENT COMMONWEALTH OF PENNSYLVANIA COUNTY OF ~-~'-~~`~'~"`- . SS. I, SARA WOLFE HILDEBRAND, Testatrix, whose name is signed to the attached or foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed and. executed the instrument as my Last Will and Testament; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. (SEAL) SARA WOLFE LDEBRAND Sworn to and subscribed before me this ~` day of , 2000. ~- f "~ 7 Not ublic M;;~ Commission Expires: (SEEAL) Notarial Seal ^~ Linda J. Olsen, Notary Public Susquehanna Twp., Dauphin County My Commission Expires Sept. 8, 2000 Member, Pennsylvania Association of Notaries AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA (~ : SS. COUNTY OF 7~ ~--~-~~-~- We, ~~~~;;_~ (~ ~ / ~.~. ,and ;v~/~'~,~~_~1f'~~~~i~/S~,~he Witnesses whose names are signed to the attached or foregoing instrument being duly qualified according to law, do depose and say that we were present and saw Testatrix, SARA WOLFE HILDEBR.AND, sign and execute the instrument as her Last Will and Testament; that Testatrix signed willingly and that she executed said Will as her free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the Testatrix signed the Will as Witness; and that to the best of our knowledge the Testatrix was at that time eighteen (18) or more years of age, of sound mind and under no constraint or undue influence. ~~ / 1 / , ^/ it:n s Witness Sworn to and subscribed before me this ~~ day of _ , 2000. ~`~;! Not ublic Notarial Seal -, Linda J. Olsen, Notary Public My (~OmIT11ss10T1 EXpireS: Susquehanna 7wp., Dauphin County IVIy Commission Expires Sept. 8, 2000 ~~~~1 T) hY,F ~ a;r,•~ ?rnnsylvania Association of Notaries 222567 _1 REV-1511 EX+(1QDEi) SCHEDULE H COMMONWEALTH OF PENNSYLVANIA FUNERAL EXPENSES 8c INHERI'iANCETAx RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER Sara Wolfe Hildebrand 21 07 1035 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: ~. Rombergers Memorial 260.00 2 E3looms Flower Shop 648.72 Total from continuation schedules 2,603.25 B. 1 ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Street Address City Year(s) Commission Paid: State Zip 2. Attorney Fees 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address 4. 5. 6. 7. City State Zip Relationship of Claimant to Decedent Probate Fees Accountant's Fees Tax Return Preparer's Fees 1 Closing Costs for sale of residence listed on Schedule A. 2 H:B McClure - fuel oil at residence Total from continuation schedules . TOTAL (Also enter on line 9, R ~wasac 1.000 (If more space is needed, insert additional sheets of the same size) 7,500.00 360.00 19,492.15 196.00 2,903.74 33,963.86 ~ -- - -- B. TYPE OF LOAN; ART'MENT OF HdUSING $ URBAN DiEVELOPMENT S t)EP U 1. FHA 2.QFmHA 3. X CpNV. UNiNS. 4. QVA 5.~]CONV. INS. ~ , , . fi. FILE NUMBER; N 7. LOAN fVL}AgBER: SETTLEMENT STATEMENT 8. MQRTGAGE INS CASE Nt1MBER: C. NOTE: Tlrts form !s fumfshed ro glue you a statement otactual settlement costs, Amounts paid in .andby the Setd9ment agent ara shown. Items marked ' fI=oc]^ were paid outside tns c/ostng; thEy ar@ shown hgfQ for;nfonrta6ona!purposes and are not included m the totals. 7.D 3!98 (wON.PFDfWOM1Y18) D. NAME AND ADDRESS OF B4P.ROW ER: Young H.1Non 15 Devon:k,ire Square Mechanicsburg, PA 17055 E. NAME ANP APDRE$$ ~7F 8fn4LER: James B, Wolfe Executor, Estate of Sara W. Hilda6rand 646 Arlington Road Camp Will, PA 17411 F. NAME AND ADDRESS OF LENDER: Howard Fianna Mortgage Services 119 Gamma Drive Pittsburgh, PA 15236 G. PRDP~=~2lY LOCATIQN: 646 Arlington Road Camp Hill PA 17011 k. SETTLEMENT AGENT: John H. Broujos 1. SETTLEMENT DATE: 2008 January 22 , Cumberland County, Pennsylvania PLACE OF SETTLEMENT d Nora, HanovEr Street Carlisle, PA 17013 , J. SUMMARY OF BORROWER'S TRAN SACTION K. SUMMARY OF SELLER'S TRA NSACTION 101. Contract Saes Price 2T5.004.00 401, Contract Safes Price I 275,000.0( ~D2. Persvdal Prp a 402. Personal Pro e 103. Settlement Cha es to Borrower Line 1400 ~ 10,157.85 403. 1 Od. 404. 105. 405. ~ a PmsP {( ri u 1D6- Ci Down Taxes rA 40f, Ci !Town Taxes to 10T. Coun Taxes to 407. Coun Taxes tv 108. School 01/23/08 to 07/49/08 1,535.36 408. School 01!23/08 to 07/01/08 1,535.3.E 109. aD9. 110, 41 D. 911, 411, I 112, 412, 72(1. Gf?OSS AM©UNT DUE FROM BORROWER 2$6,G93.21 420. GR©SS AMOUNT t7UE TO SELLER ( 276,535.3{ 2p0, p~ypuNTS PAID BY dR IN BEHALF OF BORROWER: 500. i2EDUCTIdNS IN AMOUNT DUE TO 5ELLER: 201. D osit or earnest mon 5,000.00 501. ExcesB D2 oil Sea Instructions 202, Princi al Amount of New Loans 205,400.00 502. SGttlument Gha es to Seller (Line 14001 17,392.1', 203. Existin loans taken sub'ect to I 503. Existing loans taken Sub'sctto 204. I 504. Payoff of frst Mortgage I 2Q5, 505. Pa off of second Mo a e l 206, 506_ I 207- 507. (De ositdisb. as roceeds 208_ 508. I 209. SelierA55ist 2,000,00 509. SellerAsslst I 2,000_D( Acr'ustme»rs or iems n a se er ustmenrs For Items Un eid B e11er 210. Gi /Tovm Taxes to 510. G- JTown Taxes to 211. Coun Taxes Oh/01/08 t0 0112,3102 100.04 511, Coun Taxes 01/01/08 to 01!23108 100.04 212. 5chvol to 512 School t0 213. 513. 214. I 514_ 215. 515. 216. 516. ,217, 517. 29 8. 518. 219. 519. ~ 220. TOTAL PAID BY/FOR BORROWER 212,100.04 520. TOTAL REDUCTION AMOUNT DUE SELLER I 19,492.15 3U0. CASH AT SETT~.EMENT FROMCCO BORROWER: fi00. C HAT SETTLEMENT TOIFROM SELLER: 301. Gross AmRUnt Due Fram Borrower Line 120 2$8,693.2'1 601. Gross Amount Due To Seller Line 420 276,535.3E 302. Less Amount Paid /FOr Bprrowec (Line 220) ( 212,100.04) 602. Less R$ductions Due Seller (Line 520) ( 19,492.1 303. CASE X FfiOM ( TO) BORROWER 74.593.17 603. CASH (X 70) ( FROM) SELLER 257,043.21 Muo-1 ta-eel ~a r+ea3osa Z ~~ i~~ ~nt~ xyW~~ w~~7~~~ ~~rjr ~~T ~I~j~~r 7D1.$ 8,165.D0 to Howard Hanna Roal estate FUNOSA~ FUNCfSAT 702. S 6,215.00 to RE/MAX 1st Advantage s~>aewT s~MeNT '703. Commission Pald at Setdemerrt 14,380.0( 704. Ttartsection Fee to RE/MAK 1st Advanta e 250A( 8D0. ITEMS PAYABLE 1N CQNNEGTIrJN WITN LOAN 801. Loan Ori inat[on Fee % ~ 802, Loam Discount ~a t0 803. Apprai~21 Fee to Appr, by E J. iCbppenhaver 250.04 SD4. CrEdik Report t4 G6C Innovis, Inc. 42.25 8D5. Tax Service Fce to HHMS 7S-~ to HHMS 86G. Flood Cert 13.04 100 00 8p7. Underwriting Fee to Howard Hanna Mortgage Services . 808. Doo Prep 1D Howard Hanna Mortgage Services Z5D.D0 809. 810. 811. 9 .ITEMS RE UIR>=t3 Y LENDER T4 BE PAI Ir7 ADVANCE 901. Interest From 01/22/08 to 07J01108 ~ $ 33.700000/day ( 10 days °lo) 337.00 9p2. Mortoa a Insurance Premium for manftls to 903. Hazard Insurance Premium For 1,0 ears to }toward Hanna Insurance 5erv, x05.00 904. 905. 1000. ESERVES DEPOSITED WfTH LENDER 00 405 1001. Hazard InsuranoQ 12.000 months ~ 33.75 er marrth , 1002. Mart a e Insurance months CrD $ er month 1403- C! lTcswn Taxes months ~ per month Caunt~rTaxes 4A00 months (r;7 ;b 137.86 er month 1004 551.44 . 1005- School' 10-000 months @ ~ 292,67 per month 2,926.70 100G months ~ er month 1007. months $ er month 1008. A r to Ad'ustment months l5? $ er month -7,763-93 1 . TI'[tE C`H~1R ES 9101. Settiemont or Closin. Fes ~ 40 175 1102. Title Search ik HUp-1 Pra to t~t[vc;n J. Baird . 1'103- Title Examination to 1104. Tula Insurance Binder kb 9105, 17ptument Pre araGan to 30A0 1146_ Note Fees to Wanda Hunter 1107. Attorney's Fees tp Includes above item numbers: 1 733 75 1108- Title Insurarrr,® to Commonwealth Land Title Insurance Co . includes above item »umbcrs100,300.900 and Close Prot. Letter 91 D9- Lender s CovBmJe ~ 1110.Ownet'S Coverage $ 111'1_ EndorSements,100, 300, 900 1112, Cling Protection Letter 00 15 1113- Wired Funds F6e ko John H- Erpujos . GDVE NMENT REC4RDIN D Ti~ANSFE HAkGES 1 . Recording Fees: Dead $ 38.50; Mortgage $ 68.50; Releases $ 1201 105.Op . 1202_ GI Cou TaxlStam w Peed - ono . a e 2,750.00 750.E 2 1203. State Ta:clStam s: Revenue slam s : Mart, a e . 1204_ 1'245_ 1360. AD fiIONAL 8E CEMENT CHA S 1301. Surve Qa 1302. Pest ins 0Gt'ian '~ 15 00 1303- Dvemigtlt rtta[I '~i Jahn H, Broula5 ' 39 rotate 91 da 44 12. 1304. Sewer 'to Camp Hill Borau. h . 698.25 Escrow 1 1305. 2008 CountylBorough Taxes '!>a Jdhn H. Braujos , .,~„ rn~rer Bern curGnsT t'.NeRt;ES tEnt~r~on Line.. 103. Section J and 502, Section !C) 90,157.85 17,392. By signing pag~8 1 of this statement; the signatories 3Cknow[edge reGDipt of a completed eppY of page 2 of this two page statement. Certified to kse a true t:bpY• John H. Broujos Settlement P.gent {WpNlWON!]6} '~ 1 ~l 'C1N XdW~N Wb7,7, ~ Ol R~~Z '~7 'SKr oM~~ 499 Mitchell Road, Millsboro, DE 19966 Mail Code DE-MB-l2 Mette Evans & Woodside Attorneys At Law 3401 North Front Street P O Box 5950 Harrisburg, Pennsylvania 17110-0950 P.e: Estate o{.' Sara E Hila'ebrat~d Social Security 195-32-1526 Date o~Death: October 31, 2007 Phone (888) 502-4349 Fax (302)934-2955 January 1 1, 2008 Dear Sir or Madam: 1'er your inquiry dated January 03, 2008, please be advised that at the time of death, the above-named decedent had on deposit with this bank the following: Type of Account Account Number Ownership (Names o~ Opening Date Balance on Date of Death Accrued Interest Total Checking Account 950262346 Barbara Berkheiser Sara E Hildebrand James B Wolfe DI/28/DO Closed 12/11/07 $1,162.08 $ 0.04 $1,162.12 Please be advised, there was no safe deposit box found f'or the above decedent. *.[f you feel that any additional accounts should exist, please provide us with an account number and/or the name of any possible joint account holder. For further account information, regarding ownership, closures and/or reimbursement of funds, etc., please call the West Shore Plaza Office # 717-255-2271. Suicerely, -~~ ~lr/ ~1~~~a Nancy Clagett Records Management .~ For the Account of: SARA E. HILDEBRAND T/fl Account Number: 20 00 3617 D 06 F;eport Date: November 12, 2007 Summary of Account For the Period Ended 10/31/2007 Account Activity Beginning Market Value Plus Accrued income on 01/01/2007 195,136.14 Administrative Receipts & Miscellaneous Income 6,857.35 Disbursements -79,144.45 Changes in Investments Earned Income 4,176.37 Security Sales with Gains/Losses to Beginning Mkt Value 1,826.35 Maturities and Miscellaneous Security Position Changes 64.60 6,067.32 Appreciation or Depreciation of Account Since 01/01/2007. 4,629.89 Market Value Plus Accrued income on 10/31/2007 133,546.25 Allocation of Assefs Balances for Period Se. m~ ents eeginninp Ending CASH & EQUIVALENTS 6,608.01 7,288.10 FIXED INCOME 116,038.50 69,723.18 LAF:GE CAP EQTY 32,580.61 25,034.37 MID CAP EQTY 21,633.39 13,929.72 SMALL CAP EQTY 10,782.04 8,324.16 GLOBAL EQTY 7,493.59 9,186.42 OTHER 0.00 60.30 TOl-ALS 195,136.14 133,546.25 80.0 Percentages for Period Beginning Ending 3.4 5.5 59.5 52.3 16.7 18.7 11.1 10.4 5.5 6.2 3.8 6.9 0.0 0.0 100.0 100.0 m 60.0 ~ CASH 8 v EQUIVALENTS ~ ® FIXED INCOME can 40.0 LARGE CAP EQTY MID CAP EQTY l~ SMALL CAP EQTY 20.0 ~~ GLOBAL EQTY 0.0 '> I i, ~~r? 01 /01 /2007 10/31 /2007 Segments or the Account of: SARA E. HILDEBRAND IRA Account Number: 14 00 3618 0 06 Report Date: November 12, 2007 Summary of Account Fo~° the Period Ended 10/31/2007 Account Activity Beginning Market Value Plus Accrued Income on 01/01/2007 14,788.28 Administrative Receipts & Miscellaneous Income 0.00 Disk~ursements -80.68 Changes in Investments Earned Income 664.61 Security Sales with Gains/Losses to Beginning Mkt Value 0.00 Maturities and Miscellaneous Security Position Changes 0.00 664.61 Appreciation or Depreciation of Account Since 01/01/2007 25.96 Market Value Plus Accrued Income on 10/31/2007 15,398.17 Allocation of Assets Balances for Period Percentages for Period Segments Beginninq Ending Beginninq Ending CASH & EQUIVAL ENTS 1,475.27 2,059.70 10.0 13.4 FIXED INCOME 13,313.01 13,338.47 90.0 86.6 TOTALS 14,788.28 15,398.17 100.0 100.0 100.0 m ~ 80.0 c~ p 60 0 ~ CASH & ~ ~ . EQUIVALENTS 40.0 ~ FIXED INCOME 20.0 0.0 01 /01 /2007 10/31 /2007 Segments ?CO 1 ~n'~,~' ~~70