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Home My WebLink About02-0029S. BERNE SMITH Attorney-at-Law 107 N. 24~ Street Camp Hill, PA 17011-3602 PHONE: (717) 737-6789 FAX: (717) 737-6783 In Fei Estate of Faye G. Densham, died January 2, 2002 (Social Security # 188-30-0210) My File: 170002 Mary C. Lewis, Register of Wills Courthouse 1 Courthouse Square Carlisle, PA 17013-3387 Dear Ms. Lewis: January 10, 2002 21-2002-0029 I am being retained to represent the Co-Executors for the Estate of Faye G. Densham. Accompanying this letter is a Petition for Probate and Grant of Letters Testamentary in the Estate of Faye G. Densham, late a resident of Cumberland County, who died testate January 2, 2002. Attached to the petition are the following: proving Will.' 1. The original and one copy of the Will of Faye G. Densham. It is a self- · Th..e Estate Information Sheet for the PA Department of Revenue. Death Certificate for Faye G. Densham. We believe that this covers everything that is required. We ask that we be provided with ten (10) short certificates. If possible, we would like to be able to get some of them on January 11, 2002, when we probate the Will. Please send any that are not available on January 11, 2002, and the actual letters testamentary to the undersign when they are prepared. Because we are hand delivering all of the above materials to you, we will be prepared to pay the fees by my check at that time. Thank you for your attention to this matter. If anything further is required, please advise. Enclosures: cc: Sincerely yours, S. Berne Smith John L. Densham, Co-Executor Barbara Faye Densham, Co-Executor PETITION FOR PROBATE and GRANT OF LETTERS 00.2 9 also known as To: Register of Wills for the ~ Deceased. County of t.2 ct ng(n L,,: ,,,,~ in the Social Security No. I $ p .. '.~ ~ .. 0 ', t o Commonwealth of Pennsylvania The petition of the undersigned respectfully represents that: Your petitioner(s), who is/are 18 years of age or older an the execute&,, named in the last will of the above decedent, dated and codicil(s) dated /vo,q¢-' (state relevant circumstances, e.g. renunciation, death of executor, etc.) Decendent was domiciled at death in C u last family or principal residence at 3 {lis~ slreet, number and muncipality} Decendent, then ~ ~ years of age, died Except as follows, decedent did not marry, was not divorced and did not have a child born or adopted after execution of the will offered for probate; was no~ the victim of a killing and was never adjudicated incompetent: ~~d Decendent at death owned property with estimated values as follows: (if domiciled in Pa.) Ail personal property (If not domiciled in Pa.) Personal property in Pennsylvania (If not domiciled in Pa.) Personal property in County Value of real estate in Pennsylvania situated as follows: ~Pl ~. z'i County, Pennsylvania, with WHEREFORE, petitioner(s) respectfully presented herewith and the grant of letters. theron. request(s) the probate of the last will and codicil(s). Uestamentary; administration c.t.a.; administration d.b.n.c.t.a.) - - OATH OF PERSONAL REPRESENTATIVE COMMONWEALTH OF PENNSYLVANIA COUNTY OF C ca r)tscat_,.~.~ The petitioner(s) above-na~ed swear(s) or affirm(s) that the statements in the foregoing petition arc true, and correct to the best or'the knowledge and belief of petitioner s and . . tattle(s) of the above deceden; n ·; .... t~x ...:,, ...~,, ...... (:) . that as personal represen- :7 ~et~t ...... ~ ~,, wc~ anajrmy aam~ster the es~te according to law. ~:'f;rr; n:: th~: aft'i~ find subscribed C ~ . ~, da ' [/ NO. 21-2002-0029 Estate of ~'/~ ~' e ~'. '~ e ~,~-,.,,~,~ Deceased DECREE OF PROBATE AND GR~NT OF LETTERS AND NOW JanuarV 14th the reverse side hereof, satisfactory proof having been presented before me, IT IS DECREED that the instrument(s) dated described therein be admitted to probate and filed of record as the last will and Letters, 7"c-')-~/~ /'~ c--~, .?~ A~v 19~ 2002, in consideration of the petition on are hereby granted to ~To/,, ~ Filed 270.00 30.00 FEES Probate, Letters, Etc .......... $.. Short Certificates( 1~ .......... $ Renunciation .' ............... $ x-Pages (4) 12.00 JCP $ '. 5. O0 TOTAL $. 317.00 January..14tk,.200Z .............. Register of Wills Mary C. Lewis ATTORNEY (SUP.' Ct. I.D. No.) ADDRESS PHONE MAILED LETTERS TO ATTORNEY S. BERNE SMITH -t105.805 REV 9/86 ~'~AN A" DEPARTMENT~OF H ,:~, %~,,'/~ ~..,:'.. ~; ,: ':,'., ~~am. SAIDIS, GUIDO & MASLAND 26 W. High Street Carlisle, Pa. LAST WILL AND TESTAMENT ¥ OF 21-2002-0029 FAYE G. DENSHAM I, FAYE G. DENSHAM, of the Borough of Camp Hill, Cumberl'and County, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby make, publish and declare this as and for my Last Will and Testament, hereby revoking all other Wills and Codicils heretofore made by me. FIRST I direct the payment of my just debts and expenses of my last illness and. funeral from my estate as soon after my deaEh as conveniently may be done. I direct that my body be interred in .my cemetery lot at New Allport Cemetery, Clearfield County, Pennsylvania, Lot 2 A, Section A. Further, I authorize my personal representative to expend funds from my estate, in such amount as my personal representative shall consider necessary and desirable for the purchase, erection and inscription of a suitable marker for my grave. SECOND I give, devise and bequeath all the rest, residue and remainder Of my estate to my beloved husband, WILLIAM T. DENSHAM, absolutely and in fee simple if he survives me by thirty (30) days. THIRD In the event that my husband, WILLIAM T. DENSHAM, fails to SAIDIS, GUIDO & MASLAND 26 W. High Street Carlisle, Pa. survive me by thirty (30) days, then I give, devise and bequeath all the rest, residue and remainder of my estate in equal shares unto my children, JOHN L. DENSHAM and BARBARA FAYE DENSHAM, per stirpes. FOURTH I direct that any and all inheritance, estate, and transfer taxes imposed upon my estate passing under this Will or otherwise shall be paid out of the principal of my residuary estate. FIFTH In addition to the powers conferred by law, I authorize any personal representative acting under this instrument, in his absolute discretion: (a) To retain in the form received, or to sell either at public or private sale any real or personal property; (b) To exercise any options to subscribe for stocks, bonds, or other investments. (c) To join in any plan of lease, mortgage, consolidation, exchange, reorganization or foreclosure of any corporation in which my estate or any trust may hold stocks, bonds or other securities; (d) To sell, transfer, convey, mortgage, pledge, lease or exchange any property, real or personal, which at any time may form part of my estate, for the payment of debts or taxes, or for any purpose of administration or distribution, for such prices and upon such terms - 2 - SAIDIS, GUIDO & MASLAND 26 w. High Street Carlisle, Pa. as my personal representative,.in his sole discretion, may deem wise, and to execute and deliver deeds of conveyance or transfer thereof; (e) To make settlements and compromises on such terms as my personal representative in his sole discretion may deem wise without the necessity of obtaining any court approval thereof; (f) To make distribution hereunder either in cash or kind, as my personal representative in his discretion may deem wise. SIXTH I do herebY nominate, constitute and appoint my husband, WILLIAM T. DENSHAM, to act as Executor, of this my'Last Will and Testament. Provided, however, that if he is unwilling or unable to act as Executor, I direct the duties of Co-Excutor be performed by JOHN L. DENSHAM AND BARBARA FAYE DENSHAM. SEVENTH I direct that no personal representative, guardian, trustee or other fiduciary appointed under this instrument shall be required to give bond for the faithful performance of their duties in any jurisdiction. IN WITNESS WHEREOF, I, FAYE G. DENSHAM, have hereunto set my hand and seal to this my Last Will and Testament, consisting of three typewritten pages, the first two of which bear my signature in the margin for identification, this 0)~- day of ~ Densham - 3 - SAIDIS, GUIDO & MASLAND 26 W. High Street Carlisle, Pa. · Signed, sealed, published and declared by the above-named Testatrix, Faye G. Densham, as and for her Last Will and Testament in the presence of us, who have hereunto subscribed our names at her request as witnesses thereto, In the presence of said Testatrix and of each other. ADDRESS SAIDIS, GUIDO & MASLAND 26 W. High Street Carlisle, Pa. COMMONWEALTH OF PENNSYLVANIA: : SS COUNTY OF CUMBERLAND : WE, FAYE G. DENSHAM, ROBERT C. SAIDIS AND JOAN E' WILK , the Testatrix and witnesses, respectively whose names are signed to the foregoing or attached instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed and executed the instrument as her Last Will and Testament and that she signed willingly and that she executed as ~er free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testatrix signed the Will as witness and that to the best of their knowledge the Testatrix was at the time 18 or more years of age, of sound mind and under no constraint or undue influence. Fay~sham, Testatrix ~ ober~ C. gaid~, W~-ness ~annE. Wilk. , Witness Subscribed, sworn to and acknowledged before me by FAYE G. DENSHAM, the Testatrix, and subscribed to and sworn or affirmed to before me by ROBERT C. SAIDIS, and JOAN E. WILK witnesses, this c~d. ay of ~ ,~ 1989. .. ~ r',~ ...~/% , · .',~? -.. ~ ~ ~' -.,~.~?~.~' ~ N6'tary Pub~ ~ / .~, '~ :: [ ~NDI L. LE~KER, ~OTARY PUBLIC ] ...... ~ '--~ ~' ~ CARLISLE BO~O., CUMBE~ND COUN~ ,~ · ._ j ~ ~ ..%-~ .'f ?. ~ MY COMMISSION ~PIRES FEBRUARY 20, 1993 ~ CERTIFICATION OF NOTICE UNDER RULE 5.6(a) Name of Decedent: Faye G. Densham. Date of Death: January 2, 2002 File No. 2002-0029 PA File No.21-02-0029 To the Register: I certify that notice of beneficial interest required by Rule 5.6 (a) of the Orphans' Court Rules was served on or mailed to the following beneficiaries of the above-captioned estate on January 12, 2002: Name Address Barbara Faye Densham John L. Densham 334 N. 21st Street Camp Hill, PA 17011 1270 Sandy Lane Boiling Springs, PA 17007-9647 Notice has now been given to all persons entitled under Rule 5.6 (a) except: None. Date: January 12, 2002. Address: Telephone: Signature~,//~ ~..~.-.__~ ~~ Name: S. Berne Smith, Esq. I.D. No. 07254 107 N. 24th Street Camp Hill, PA 17011-3602 717-737-6789 Capacity: X Personal Representative Counsel for Personal Representative 6 t: ELd ~t NUt Z0. S. BERNE SMITH Attorney-at-Law 107 N. 24th Street Camp Hill, PA 17011-3602 PHONE: (717) 737-6789 FAX: (717) 737-6783 March 11, 2002 In re: Estate of Faye G. Densham, died January 2, 2002 (Social Security # 188-30-0210) PA Estate # 21-02-0029 My File: 170002 Mary C. Lewis, Register of Wills Courthouse 1 Courthouse Square Carlisle, PA 17013-3387 Dear Ms. Lewis: I am attorney for the Co-Executors of the Estate of Faye G. Densham. On behalf of the Co- Executors, enclosed is Estate check No. 125 in the amount of Fifteen Thousand Dollars ($15,000.00) made payable to Register of Wills, Agent, as a prepayment of the PA Inheritance Tax. Please send the receipt to the undersigned. Thank you for your attention to this matter.! Sincerely yours, S. Berne Smith Enclosure: cc: Barbara Faye Densham, Co-Executor Jolm Densham, Co-Executor COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO. REV-1162 EX(11-96) CD 000947 SMITH S BERNE ESQ 107N 24TH ST CAMP HILL, PA 17011-3602 ........ fold ESTATE INFORMATION: SSN: 188-30-0210 FILE NUMBER: 2102-0029 DECEDENT NAME: DENSHAM FAYE G DATE OF PAYMENT: 03/13/2002 POSTMARK DATE: 03/1 2/2002 COUNTY: CUMBERLAND DATE OF DEATH: 01/02/2002 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 $15,000.00 TOTAL AMOUNT PAID: 5,000.00 REMARKS: BARBARA FAY DENSHAM & JOHN DENSHAM C/O S BERNE SMITH SEAL CHECK# 125 INITIALS' CW RECEIVED BY: MARY C. LEWIS REGISTER OF WILLS REGISTER OF WILLS S. BERNE SMITH Attorney-at-Law 107 N. 24~ Street Camp Hill, PA 17011-3602 PHONE: (717) 737-6789 FAX: (717) 737-6783 September 29, 2002 In re: Estate of Faye G. Densham, died January 2, 2002 (Social Security # 188-30-0210) PA Estate # 21-02-0029 My File: 170002 Register of Wills Courthouse 1 Courthouse Square Carlisle, PA 17013-3387 Dear Register: Enclosed in duplicate is the Pennsylvania Inheritance Tax Return on the Estate of Faye G. Densham who died a resident of Cumberland County, PA on January 2, 2002. The Estate's check payable to Register of Wills, Agent, in the amount of $1,891.37 is attached to the original Return. Also enclosed is my check in payment of the filing fee for the P.ennsylvania Inheritance Tax Return. If anything further is required, please contact my me. Thank you for your attention to this matter. Enclosures: cc: John L. Densham, Co-Executor Barbara Faye Densham, Co-executrix ly y Sincere ours, ~. ;? c:5 S. Berne Smith COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO. REV-1162 EX(11-96) CD 001667 SMITH S BERNE ESQ 107 N 24THST CAMP HILL, PA 17011-3602 ........ fold ESTATE INFORMATION: SSN: 188-30-0210 FILE NUMBER: 2102-0029 DECEDENT NAME: DENSHAM FAYE G DATE OF PAYMENT: 09/30/2002 POSTMARK DATE: 00/00/0000 COUNTY: CUMBERLAND DATE OF DEATH: 01/02/2002 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 $1,891.37 TOTAL AMOUNT PAID: $1,891.37 REMARKS: -S BERNE SMITH ESQUIRE SEAL CHECK# 155 INITIALS: JA RECEIVED BY: MARY C. LEWIS REGISTER OF WILLS REGISTER OF WILLS COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 REV - 1500 INHERITANCE TAX RETURN RESIDENT DECEDENT DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) DATE OF D~H ~ ~ I~gTE gE B,RTH (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) ~X:~ 1. Original Return Limited Estate Decedent Died Testate (Attach copy of Will) Litigation Proceeds Received OFFICIAL USE ONLY ..... j....n.. ................ 3...& ......... ....... FILE NUMBER COUNTY CODEI YEAR I NUMBER SOCIAL SECURITY NUMBER THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS SOCIAL SECURITY NUMBER NOT APPLICABLE I.~d2 su.. ementa Return Ii ~iiiiil3.~ Remainder Return (date of death prior to 12- 4a. Future Interest Compdse (date ofdeatfl after 12-12-82) 5. Federal Estate Tax Retum Required 7. Decedent Maintained a Living Trust (Attach a copyof Trust) 0i 8. Total Number of Safe Deposit Boxes 10,Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) 1 1. Election to tax under Sec. 9113(A) (Attach Sch O) THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: NAME COMPLETE MAILING ADDRESS FIRM NAME (If Applicable) Z 1. Real Estate (Schedule A) (1) 2. Stocks and Bonds (Schedule B) (2) 3. Closely Held Corporation, Partnership or Sole-Proprietorship (3) 4. Mortgages & Notes Receivable (Schedule D) (4) 5. Cash, Bank Deposits & Misc. Personal Property (Schedule E) (5) 6. Jointly Owned Property (Schedule F) (6) Separate Billing Requested 7. Inter-Vivos Transfers & Misc. Non-Probate Proper~ (7) (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) (9) 10. Debts of Decedent, Mortgage Liabilities & Liens (Schedule I) (10) 11. Total Deductions (total Lines 9 & 10) 12. Net Value of Estate (Line 8 minus Line 11) 13. Charitable and Govemmental Bequests/Sec 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) $193,200.00 $0.00 _ $0..~00 ~.' Eo.oo $4.73322.75 H' ,6.00 $18.2;~3Z.19 OFFICIAL USE ONLY (8) ~ $28,183.43 $1,769.56 (11) (12) (13) (14) $422,859.94 $29.952.99 $392,g06.95 $0.00 $392,906.95 16. Amount of line 14 taxable at lineal rate 17. Amount of line 14 taxable at sibling rate 18. Amount of line 14 taxable at collaterarrate 19. Tax Due SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15. Amount of line 14 taxable at'the spousal tax~ ~i,~ ~ ~ '~, ~I~" ~!~E ~.~ i~ ~$~i~i~ ~f~ ~ ~!~,~ ~!~ ~,~ ~:~ ~ ~ x .12 (17) (19) 20. $0.00 $17,680.81 $0.00 $0.00 $17,680.81 Copyright 20~)0 David James Thorpe, Esq. Decedent's Complete Address: Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Pove~y Credit B. Prior Payments C. Discount Interest/Penalty if applicable D. Interest E. Penalty Total Credits (A + B + C) Total Interest/Penalty (D + E) 4. If line 2 is greater than line 1 + line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 Line 20 to request a refund 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. B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (1) $17,680.81 (2) $15,789.44 (3) $0.00 (4) (5) $1,891.37 (5B) $1,891.37 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: a. retain the use or income of the property transferred; b. retain the right to designate who shall use the property transferred or its income; c. retain a revisionary interest; or d. receive the promise for life of either payments, benefits or care? 2. If death occurred on or before December 12, 1982, did decedent within two years preceding death transfer property without receiving adequate consideretion? If death occurred after December 12, 1982, did decedent transfer property within one year ,of death without receiving adequate consideretion? 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? 4. Did decedent own an individual retirement account, annuity, or other non-probate property? Yes No IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer other than the personal representative is based on all the information of which preparer has any knowleAae. ~' S,G.ATUREOFPERSO. ESPO S.B. F F,.,.G TUR. . ' I[lA / TE .... John L Densham Ex ~,~ ~,~.~'~., ~"~rbara Fays Densham ¢~,~'~ ~9~ ~~i~ ~'~-~:;~? :iliiiii ~ ADDRESS 1270 Sandy La~ -/~,-- )'~--- 334N. 21stStreet ~ (~/~'' ~)~,,~.,-~,,,' . _ - SIGNATURE OF PREPARER OTHE~HAN~PRESENTATIVE S. Berne Smith, Esq. ADDRESS 107 N. 24th Street Camp Hill, PA 1701'1-3602 For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving 0 spouse is 3~ [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. §9116 (a) (1.1) (ii)]. The statute does no exempt 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. §9116(a) (1.2)]. O The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 ~, except as noted in 72 P.S. §9116(1.2) [72 P.S. §9116(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. §9116(a)(1.3)]. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. Copyright 2000 David James Thorpe, Esq. COMMONWEALTH OF PENNSYLVANIA INHERITANCETAXRETURN. RESIDENT DECEOENT SCHEDULE A REAL ESTATE All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the pdce 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 TOTAL (Also enter on line 1, Recapitulation) $193,200.00 (If more space is needed, insert additional sheets of the same size) Copyright 2000 David James Thorpe, Esq. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF FAYE G. DENSHAM FILE NUMBER 21-02-00029 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 DESCRIPTION VALUE AT DATE NUMBER OF DEATH D n ng Room State so dr .~§rua~ ~: 2002~!n pr!¥ate~arms~!en '! i~ ~i:~ :i~iSI¢t[8~ii ~ ~ ~ Bedroom Eum~ture~o ~ .b~ua~23:200~ g~P[ ~St~ ~S !e ~ransa~on ~, ~ ~ ~ ~ ~ ~ ~ q ~ ..... ~'f~?~ ~ ~. 6 s~t: ~efUhd~f~o~ Ke~tone~ Com~ahyre~ ved~.~:pr126 2002~ ~ ~,~]~]]~jj]~>~ ~ ~B~q~{{~(~q~ ~: ~;f~8~:~ ~ : B~{~ Refund 0~ prem umfmm lat onw de nsuran~ ~ompany re~ y~!~ z~uz~to[ nom~ownen ~ nsuran~[~ :~ r~: ~ ~: ~:~: :a: ~ uu ~5 M&~Ban~ S~v ngs ~c~ ~nt ~ ~ 500420082~359= :~ TOTAL (Also enter on line 5, Recapitulation) $47,322.75 (If more space is needed, insert additional sheets of the same size) Copyr/ght 2000 David James Thorpe, Esq. COMMONWEALTH OF PENNSYLVANIA INHERITANCE' TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY ESTATE OF FAYE G. DENSHAM FILE NUMBER 21-02-00029 This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM DESCRIPTION OF PROPERTY DATE OF DEATH % OF DECD'S EXCLUSION TAXABLE NUMBER INCLUDE THE NAME OF THE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND THE DATE OF TRANSFER. VALUE OF ASSET INTEREST (IF APPLICABLE) VALUE A'R'ACH A COPY OF THE DEED FOR REAL ESTATE. ~ ~iI ~rudent a Secu~ t es~ ~6t~t~d ~ A~b~t ~ 0~2~ 609~' ~8i ~fi {:~ ~ ~;~;~;i~ Eoan~Mo~gage MeS~erm~o~e x: w~:~:~¢~ ~[h ~d ~ ~2 929~ ~ ~ 100 ~ D Mo~gage}~d A~s~t~cEe~cur t e~ .~2~ 0~0 s~ares of FNM~ M~ .............................. ~ .................................. ~ ~ ,~Eund ~gh ....... n~me SerB: ~o~er yB gh~Yled ($~0 ~ persian ...... :~ ~6~5 86~: ~ ~ ~'~ ~ :: 0 TOTAL (Also enter on line 7, Recapitulation) $182,337.19 (If more space is needed, insert additional sheets of the same size) Copyright 2000 David James Thorpe, Esq. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF FAYE G. DENSHAM FILE NUMBER 21-02-00029 Debts of decedent must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER TOTAL (Also enter on line 9, Reca (If more space is needed, insert additional sheets of the same size) $28,183.43 Copyright 2000 David James Thorpe, Esq. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT CONTINUATION PAGE SCHEDULE "H" .^~E~ ESTATE OF FAYE G. DENSHAM FILE NUMBER 21-02-00029 ITEM DESCRIPTION VALUE AT DATE NUMBER OF DEATH TOTAL $1,489.31 Copyright 2000 David James Thorpe, Esq. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT " SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS ESTATE OF FAYE G. DENSHAM FILE NUMBER 21-02-00029 Include unreimbursed medical expenses. ITEM DESCRIPTION AMOUNT NUMBER TOTAL (Also enter on line 10, Recapitulation $1,769.56 (If more space is needed, insert additional sheets of the same size) Copyright 2000 David James Thorpe, Esq. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT .SCHEDULEJ BENEFICIARIES ESTATE OF FAYE G. DENSHAM NAMEANDADDRESSOFPERSON(S)RECEIVING PROPERTY NUMBER I. TAXABLE DISTRIBUTIONS(includeoutrightspousaldistributions) FILE NUMBER RELATIONSHIP TO DECEDENT Do Not List Trustee(s) 21-02-00029 AMOUNT ORSHARE OF ESTATE ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 17, AS APPROPRIATE, ON REV 1500 COVER SHEET II. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL D STR BUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV 1500 COVER SHEET $0.00 (If more space is needed, insert additional sheets of the same size) Copyright 2000 David James Thorpe, Esq. AIDIS, GUIDO '& MASLAND ~6 W. High Street Carlisle, Pa. LAST WILL AND TESTAMENT OF FAyE G. DENSHAM I, FAYE G. DENSHAM, of the Borough of Camp Hill,-Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby make, publish and declare this as and for my Last Will and Testament, hereby revoking all other Wills and Codicils heretofore made by me. FIRST I direct the payment of my just debts and expenses of my last illness and funeral from my estate as soon after my death as conveniently~may be done. I direct that my body be interred in my cemetery lot at New Allport Cemetery, Clearfield County, Pennsylvania, Lot 2 A, Section A. Further, I authorize my personal representative to expend funds from my estate, in such amount as~my personal representative shall consider necessary and desirable for the purchase, erection .and inscription of a suitable marker for my grave. SECOND I ~ive, devise and bequeath all the rest, residue and remainder of my estate to my beloved husband, WILLIAM T. DENSHAM, absolutely and in fee simple if he survives me by thirty (30) days. THIRD ~: In the event that my husband, WILLIAM T. DENSHAM, fails to dDIS, GUIDO ~ MASLAND S W. High Street Carlisle. Pa. survive me by thirty (30) days~ then I give, devise and bequeath all the rest, residue and remainder of my estate in equal shares unto my children, JOHN L. DENSHAM and BARBARA FAYE DENSHAM, per stirpes. FOURTH I direct that any and all inheritance, estate, and transfer taxes imposed upon my estate passing under this Will or otherwise shall be paid out of the principal of my residuary estate. FIFTH In addition to the powers conferred by law, I authorize any personal representative.acting under this instrument, in his absolute discretion: (a) .To retain in the form received, or to sell either at public or private sale any real or personal property; (b) To exercise any options to subscribe for stocks, bonds, or other investments. (c) To join in any plan of lease, mortgage~ consolidation, exchange, reorganization or foreclosure of any corporation in which my estate or any trust may hold stocks, bonds or other securities; (d) To sell, transfer, convey, mortgage, pledge, lease or exchange any property, real or personal, which at any time may form part of my estate, for the payment of debts or taxes, or for any purpose of administration or distribution, for such prices and upon such terms - 2 - klDIS, GUIDO MASLAND W. High Street Carlisle. Pa.. as my personal representative, in his sole discretion, may deem wise, and to execute and deliver deeds of conveyance or transfer thereof; (e) To make settlements and compromises on such terms-as my personal representative in his sole discretion may deem wise without the necessity of obtaining any court approval thereof; (f) To make distribution hereunder either in cash or kind, as my personal representative in his discretion may deem wise. SIXTH , I do hereby nominate, constitute and appoint my husband, WILLIAM T..DENSHAM, to act as Executor, of this my Last Will and Testament. Provided, however, that if he is unwilling or unable to act as Executor, I direct the duties of Co-Excutor be performed by JOHN L. DENSHAM AND BARBARA FAYE DENSHAM. SEVENTH I direct that no personal representative, guardian, trustee or other fiduciary appointed under this instrument shall be required to give bond for the faithful performance of their duties in any jurisdiction. IN WITNESS WHEREOF, I, FAYE G. DENSHAM, have hereunto set my hand and seal to this my Last Will and Testament, consisting of three typewritten pages, the first two of which bear my signature in the margin for identification, this ~day of Faye ~. D~nsham -- 3 -- [DIS, GUIDO MASLAND W. High Street Carlisle, Pa. Signed, sealed, published and declared by the above-named Testatrix, Faye G. Densham, as and for her Last Will and Testament in the presence of us, who have hereunto subscribed our names at her request as witnesses thereto, In the presence of said Testatrix and of each other. ~i~.COMMONWEALTH OF PENNSYLVANIA: : SS COUNTY OF CUMBERLAND : WE, FAYE G. DENSHAM, ROBERT C. SAIDIS AND 30AN E. WILK ' the ' Testatrix and witnesses, respectively whose names are signed'to the foregoing or attached instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed and executed the instrument as her Last Will and Testament and that she signed willingly and that she executed as herfree and voluntary act for the purposes therein~ expressed, and that each of the witnesses, in the presence and hearing of the Testatrix signed the Will as witness and that to the best of their knowledge the Testatrix was at the time 18 or more years of age, of sound mind and under no constraint or undue influence. IDlS, GUIDO MASLAND w. High Street Carlisle. Pa. ~a~fe~. Densham, Testatrix -- Subscribed, sworn to and aqknowledged before me by FAYE G. DENSHAM, the Testatrix, and subscribed to and sworn or affirmed to before me by ROBERT C. SAIDIS, and JOAN E. WILK ~'9-~da Y ~~/ witnesses, this of ' , 1989. ^. .- [J.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMEN SETTLEMENT STATEMENT This form is t to give you a statement of actual settlemen costs~aid ta nn,~ hl, ~h~ o,,~ .... , Items marked "PO .... · t co mounts paid to and b the settlem '[, C] were paid outside the closlng; the are shown he ' · -.-- 'y ent. .age. nt.a.m, shown. Y re for ~nformational purposes and are nor/nc~uc]ed In the totals. 1.0 3/98 (02193/02193/28) Mark T. Zerbe and Sherry Lynn Zerbe G. PROPERTY LOCATION: Estate of Faye G. Densham H. SE] 1LEMENT AGENT: Keystone Land Transfer, Ltd. PLACE OF S~- I I LEMENT 3421 Market Street Camp Hill, PA 17011 381 North 291h Street Camp Hill, PA 17011 Cumberland County, Pennsylvania 25-1878915 ABN Amro Mortgage Group Inc. 777 E. Eisenhower Ann Arbor, MI 48108 I. SETTLEMENT DATE: April 26, 2002 ax 120. GROSS AMOUNT DUE FROM BORROWER money 158,550.52 420. GROSS AMOUNT DUE TO SELLER 153,602.86 ax to. to (o 122o. TOTAL PAID BY/FOR BORROWER J 146,738.13 11 520. TOTAL REDUCTION AMOUNT DUE SELLER / 5 451.68 1300. CASH AT 51=ITLEMENT I-EOM/TO ROi{ROWEl{: 1302. Less ~ount Paid B /For Borrower ~Lin m I~ .~ ~ .... a I ....... 153,602.86 1301. Gross Amount Due From Borrower (Line 120) I 158,550.521 1'601. Gross ~ount Due To ~eller (Line 420) I Y , e 22~ it ,wu,,~o.~o~ I ouz. Less ~eoucrions uue ~eller (Line 520) ' ~( 5 451 6~] ' , The undersigned hereby acknowledge re~lpt of a ~mpleted ~py of pages 1&2 of this s~tem~& ~chments r~ed to here~ Ex.tended. Page I .1 ~,o~ower /-]-~ - ~ '~"- 7/' Page 2 L. St: I ILEMENT CHARGES 700. TOTAL COMMISSION _Rased on Price $ @ 0.0000 % 1,520.00 :PAID FROM PAiD FROM UIVISlOn Ol' L;ommlsslon (I/fie/uu) as POllOWS; BORROWER'S SELLER'S /81. ~ I,~)Y-.U.UU tO I'(e/Max Realty Assoc4ates, InC. ! U~. ,~ to FUNDS AT FUNDS AT /u~. L;omm!$$.~on ~a~d al ~etuemen[ SETTLEMENT SETTLEMENT 1 ,bZU;UIJ /U4. m ransacaon bee to ~e/Max ~ealty AssoQates, Inc. 4 1zb.uu 1Zb. UU 800. iTEMS PAYABLE IN CONNECTION WITH LOAN 801. Loan Origination P~e u.uoou % to '802. Loan Uiscount % to UU3. Appraisal red to Premier I-undlng Inc. UU4. (Jrealt r<epolt to Premier funding Inc. PuL; ~ou.uuo uub. Lenders Inspection red to uuu. Mortgage Ins. App. Fee to Uu/. Assumpaon I-ed to ~IU. UlZ. t-'rocess~ng ~-ee to Premier rund,ng Inc. 150.00 Ult. Lenaer Administration to AUN Amro Mong.~ge Group Inc. ;~/~.uu 814. Ueterrea Prem. ~l~UI./'u I-'Uu Premier Pundlng Inc. Ulb. PLOD0 Melt, to Premier PUndlng Inc. i ZI.~U UZU. 900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE 901. Interest Fro~-~ 04/26/02 to 05/01/02 @ $ 23.780000/day ( 5 days %) 118.90 uuz. Mortgage ~nsurance ~remiumlor months to 903. Hazard Insurance Premium for 1.0 years toLIberty Mutual PO(.; $398.00b 904. 905. 1000. RESERVES DEPOSITED WITH LENDER 11001. Hazard Insurance 3.000 months @ $ 33,17 per month 99.51 1002. Mortgage Insurance months ~ $ per month 1003. City/Town Taxes · months ~ ,I; per month 1004. County Taxes 3.000 months (~ ,1; 51.61 per month 154.83 1005. ,School Tax g.000 months ¢~ $ 124.77 per 'month 1,122.93 ~uu~. monms ~ ~, per monm 1007. months @ ,1; per month ! 1008. Aggregate Adjustment months (g) $ per month -508.76 1100.~FITLE CHARGES 1101. Settlement or Closing Fee to 1102. Abslract or Title ,Search to 1103. Titie Examination to 1104. Title Insurance Binder to 1105. Document Preparation to Re/Max Realty Associates, Inc. 100.00 1106. Notary Fees to CASH 12.00 12.00 1107. Attorney's Fees to (incluDes at~ove item numbers: . ) 1108. Title Insurance to Keystone Land Trans[er, Ltd. Policy/t997450 1,123.75 (includes above item numbers: ) 1 luu. Lenders Uoverage ~ lY.Z,~Zu.uu 11 18. uwner's Uoverage ~ 3 oz,uuu.uu 1111. ~-ndorsements 1uu,;$uu,u.1 to Keystone Land I ransrer, Ltd. 13U.UU 11 lZ. L;Iosmg I~rotection Letter to Keystone Land I ransl'er, Ltd. 111;~. uvem~gnt ~o Reystone Land I ranster, Ltd. 14.UU 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES 1201. Recording Fees: Deed $ 25.50; Mortgage $ 49.50; Releases $ 75.0(3 lZUZ. L;~tyluounty lax/~tamps3Jeea 1,~z~.uu; Mortgage 1,~zg.u~ 1203. ,State Tax/,Stamps: Revenue ,Stamps 1,529.00; Mortgage 1,529.00 1204. 1205. 1300. ADDITIONAL SETTLEMENT CHARGES 1301. Survey to 1302. Pest Inspection to ~J03. Radon Mitigation to American Radon ,Solutions 350.00 350.00 1304. Electrical ,Service to Michael Canoe 206.55 1305. t400. TOTAL SETTLEMENT CHARGES (Enter on Lines 103. Section J and 502. Section KI · 4.947.66 3.842.55 Ex-J:ended- Page 2. 1 1400. TOTAL SETTLEMENT CHARGES (Enter on Lines 103, Section J and 502, Section K) Ke,~tone ,,.and Transl, er. Lt~d. ~fied to be a ~e ~py. Settlement Agent ( 02103102fO3/28 ) PROVOST REAL ESTATE APPRAISERS File No. denshaml June 7, 2002 Barb and John Densham 334 N. 21st Street Camp Hill, PA 17011 File Number: denshaml ' To Whom It May Concern: In accordance with your request, I have personally inspected and appraised the real property at: Route 53 Morrisdale, PA, 16858 The purpose Of this appraisal is to estimate the market value of the subject property, as vacant. The property rights appraised are the fee simple interest in the site. In my opinion, the estimated market value of the property as of June4,2002 is' $24,9O0 Twenty-Four Thousand Nine Hundred Dollars The attached report contains the description., analysis and Supportive data for the conclusions, final estimate of value, descriptive photographs, limiting conditions and appropriate certifications. Respectfully submitted, St_a.t e'_'C e rt.i fi e .d.A. ppra~er michelle Passmore, Assistant to Cert~ied Appraiser SLF/mmp Page I . 1 SLFImmp 302 E. Pine Street, Clearfield, PA 16~ {814) 765-5;~-52 Fax: (814) ~-~,':~5 SUMMARY APPRAISAL LAND APPRAISAL REPORT File No. denshaml Address Route 53 Census Tract 3308 Morrisdale County Clearfield Slate PA ZipCode 16858 Deed Book 350 Page 280 Owner/Occupant W. Theodore & Fay Densham Estate Sate Price $ NA Date of Sate NA Loan charges/concessions Io be paid by sella' $ NA R.E. Taxes $ 171.75 Tax Year 2002 HOA S/Mo. NA Lendef/Clienl Barb and John Densham [~ Suburban BUILT UP [] 25-75% GROWTH RATE [] Stable PROPERTY VALUES [] Stable DEMAND/SUPPLY [] In Balance MARKETING TIME [] 3-6 Mos. PRESENT LAND USE % Singie Family 2-4 Family Mulli-Famly Commercial Induslrial Vacant 334 N. 21st Street, Camp HillI PA 17011 LOCATION LJ Urban [] Over 75% [] Rapid [] Increasing [] Shortage; [--J Under 3 Mos. LAND USE CHANGE 60°,~ Not Likely 5°~ Likely __ In process 5°~ To: NA 30o~ PREDOMINANT OCCUPANCY Owner [] Tenant [] Vacant (0-5%) [] Vacant (over 5%) [] Ma~) Reference 124-Q10-65 Properly Rights Appraised [] Fee Simple [] Leashold [] Condominium (HUDNA) b-~ PUD L Rural [] Under 25% ' [] Slow [] Declining [] Over Supply ~ Over 6 Mos, SNGLE FAMILY HOUSING PRICE AGE $(000) (yrs) 20 Low 40 90 High 100+ Predominant 45- 75+ LENDER DISCRETIONARY USE Sale Price $ Dale Morlgage Amount $ Mo~lgage Type Discount Points and Olher Concessions Paid by Seller $ Source NEIGHBORHOOD ANALYSIS ~ ^,~ F~ ~ En~oyrnentStal~ity []'[~ [] [] Convenience loEmploymenl [] [] [] [] Convenience lo Shopping [] [] [] [] Co. ven ence,oScho s [] [] [] [] Adequacy ofP-b Transpe.al n[] [] [] [] Recreation Fac~ities [] [] [] [] Ade,uacyof ac,,ies [] [] [] [] PmpedyCompalibi~ity [] [] O [] ProledionfromDetrimenlalCond. [] [] [] [] _ P ice Prot .on [] [] [] [] General Appearance of Pmpedies [] [] [] [] Nole: Race or Ihe racial composition of Ihe neighborhood are not considered reliable appraisal factors. COMMENTs:The subject property is located in an area between Morrisdale and AIIport known as Oak Grove. Typical mix of home styles and land use. Proximity to employment and amenities is typical of other neighborhoods and communities. The overall economy has remained stable even with announcments of industrial closings, layoffs and downsizing in surrounding communities. Based on current market activity, marketing time is 3-6 months with a reasonable exposure time of 30-90 days. Dimensions 30.3 Acres Ca'ner Lot No Zoning Compliance NA Other Use Site Naa 30.3 Acres Zoning Classification No zoning HIGHEST & BEST USE: Present Use X SITE IMPROVEMENTS Type Public Private SLreel Asphalt [] [] Curb/Gutter NA [] [] Sidewalk NA [] [] Streel Lights NA [] [] Nle¥ NA ~ UTILITIES Public Olher Eleddcily [] Gas [] Water [] Sanitary Sewer [] Storm Sewer [] Topography Size Shape Drainage View '1 Landscaping Or/vew~y Apparent Easements FEMA Flood Hazard FEMA° Map/Zone Rolling Typical for Area Irregular ' Appears Adequate Average Average NA Typical utility Yes* No X Comments (Apparent adverse easemenls, encroachments, special assessments, slide areas, elc.): Site is typical of others in the area and would have access to public water and sewage. The undersigned has recited Ihree recent sales of properties mosl siminar and proximate to subjecl and has considered these in the market analysis, The description includes a dollar adjoslment, renecling market reaction lo those items Of significant variation between Ihe subiecl and comparable properlies, If a significant ilem in the comparable property is superior ',t,. o~ ~,o~e favorable Ihan, the subject p~'ope¢ly, a minus (-) adjustment ia made, Ihua reducing Ihe indicated value oI subjecl; it a significanl ilem in the comparable is Inferior Io less lavorable Ihan, Ihe subject property; a plus (~') adjuslmen~ is made, thus increasing the indicated value of Ihe subject. ITEM SUBJECT COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3 Route 53 Map # 116-P8-76 Address Morrisdale Graham Township Sales Price $ NA Pdcel $ NA ~ Dala Source VALUE ADJUSTMENTS DESCRIPTION Sales or Financing ; :' :~ Concessions 6 Miles +/- $ 10,000 $ 500 ~ Public Records DESCRIPTION Conventional +(.~ A~iuslmem Map # 103-J15-12 Bigler Township 20 Miles +/- $ 454 ¢ Public Records 20.014 Acres DESCRIPTION Conventional Dale of Sale/Time NA 8-01 8-01 Losalion Suburban Suburban ........... Suburban SileNiew 30.3 Acres ............ 55.04 Acres Amenities Ele/PWat/PSew Access Public NA NA 200 Indicated Value Comments of Sales Comparison: Rolling Electric Public NA Rolling Electric Public NA Map # 112-M12-38 Decatur.Township 15 Miles +/- 25,000 Public Records J ~,(.)$ Ad~USlme~l ............ Conventional , - ........... 8-01 ............ Suburban ............ 15.93 Acres ,- .......... Rolling ' 200 Electric , Public $ 9,900 621 ¢ DESCRIPTION 200 200 []+ [~]- iS 200 []* ~}- ;$ 200 []* ~'~$ ......... $ 700 $ 654 / S See Attached Addendum. THE MARKET GRID IS BASED ON PRICE PER ACRE: THE FINAL VALUE IS 821 Extended. Page 2. 1 Co~menls of Sales Comparison: See Attached Addendum. THE MARKET GRID IS BASED ON PRICE PER ACRE: THE FINAL VALUE IS FOR THE TOTAL ACREAGE. Commenls and Conditions of Appraisal: Information supplied by others, including public records, is deemed to be reliable. F~'nal Reconciliation: The market data approach is the only approach applicable for vacant land. FINAL VALUE IS FOR TOTAL ACREAGE I (v'~.) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE SUBJECT PROPERTY AS OF June 4, 2002 to be $ 24,900 (We) cerli[y: thai Io Ihe besl ol' my (our) knowledge and belief, lhe facts and dala used herein are true and correcl; Ihal I (we) personally inspecled Ihe subjeot properly and inspecled all comparable sales that I (we) have no undisclosed inle~esl, present or prospective lhewein. Review Appraiser 3raiser Pr°prielaryLanclForn04/SeMJ~ As~i{tapt to ~,.,~P~o~D~,~so~o,.,~,.e.234,~,,,.,~o~,o~,,.,c=. Certified Appraiserc~/"~,,^l.,. I I__/~) PROVOST REAL ESTATE APPRAISERS [] Did [] Did Not' Insped Propely SUMMARY APPRAISAL LAND APPRAISAL REPORT File No. densham2 The undersigned has lecited three recent sales of properties mosl similia¢ and proximate to subject and has considered these in the market analysis, [he descriplion includes a d011af adjustment, reflecting markel reacllon to those items of significant varialion between the subject and comparable properties If a significanl ilem in Ihe comparable property is superior to, or more lavorable than. fha subject property, a minus (.) adjustmenl is made, thus reducing Ihe indicated Vahle of sublect; if a signiticaut item in Iha comparable is inferior -"; .~-~ !.t~'."z.'~ble than, the subject pr.operty, a plus (+) adjuslment is made, titus increasing the indicaled value of Ibe subject. ITEM Address SUBJECT (}fl' Route 53 Morrisdale Sales Price $ NA Pdce/ $ NA :Dala Source VALUE ADJUSTMENTS DESCRIPTION Sales or Financing Concessions Dale of Sale/~me NA Location SileNiew Access NA Indicated Value Suburban 30.3 Acres Rolling Electric Limited NA COMPARABLE NO. 4 Map # 114-O5-43 Girard Township 15-18 Miles +/- ____: $ 26,50~- _$ 497¢ Public Records DESCRIPTION Conventional 2'-01 Rural 53.31 Acres Rolling Electric Limited NA COMPARABLE NO. 5 Map # 121-S3-23 Karthaus Township_ 20 Miles +/- $ 500~ Public Records ,---_- ........ Conventional .......... 5-01 .... Rural , ----. ...... 22 Acres , ' Rolling. , ..... Electric Limited NA 497i 10,000 COMPARABLE NO. 6 Map #124-Q10-149 Morris Township__ 1 Mile +/- $ $ 546¢ Public Records · '(:>~ ~i~ DESCRIPTION , - ........... Conventional 10-99 ~ ..... Suburban , -. ~ :49 Acres ........... Mixed/Rolling ........... PWat/Elect .......... - Limited ........... NA -100 10( 446 Ex~ended. Page 3.1 PROVOST REALESTATE APPRAISERS Ii..................................................................................................... F~e No. densham2 June 7, 2002 Barb and John Densham 334 N. 21st Street Camp Hill, PA 17011 File Number: densham2 To Whom It May Concern: In accordance with your request, I have personally inspected and appraised the real property at: Off Route 53 Morrisdale, PA 16858 The purpose of this appraisal is to estimate the market value of the subject property, as vacant. The property rights appraised are the fee simple interest in the .site. In my opinion, the estimated market value of the property as of June4,2002 is: $15,400 Fifteen Thousand Four Hundred Dollars The attached report contains the description, analysis and supportive data for the conclusions, final estimate of value, descriptive photographs, limiting conditions and appropriate certifications. Respectfully submitted, RL-000~D-E' / State Certified App/~3fser Michelle Passmore, Assistant t(3 Certified Appraiser SLF/mmp Ex'~enclecl · Page I . 1 1 SLF/mmp 302 Ei'l~in; Street, Clearfield, PA 16830 (814) 765-5252 Fax: (814) ~/65-2'425 Pro--ss Off Route 53 C~y Morrisdale SUMMARY APPRAISAL LAND APPRAISAL REPORT Ceunly Clearfield ED Census Tract 3308 W. Theodore & Fay Densham Estate Price $ NA Dale of Sale NA Slate PA Zip_Code 16858 _L_gan d~a~ges/concess •ns to be paid by seller $ NA 33.30 Tax Year 2002 HOA ~Mo. NA Lender/Client Barb and John Densham 334 N. 21st Street, Camp Hill, PA 17011 LOCATION [..J Urban BUILT UP [] Over 75% GRO1/VTH RATE E~ Rapid PROPERTY VALUES [] In~'eesing DEMAND/SUPPLY [] Shodage; MARKETING TIME Lr--] Under 3.Mos. LAND USE CHANGE 60% Nol Likely ~ Likely __ In process 5°~ To: NA 30o~ [] [] [] X~ Suburban ' [~ 25-75% [~ Slable [] Stable [] In Balance ~ 3-6 Mos. PREDOMINANT OCCUPANCY Owner Tenant Vacant (0-5%) Vacanl (over 5%) File No. densham2 PRESENT LAND USE % Single Fanily 2-4 F,~mily Mulli-Famly Commercial Industrial Vacant LENDER DISCRETIONARY USE Sale Price $ Date Mortgage Amounl $ Morlgage Type Discount Points and Olher Concessions Paid by adler $ Ma ~ Re[erer,ce 124-Q10-112 Property Righls Appraised [] Fee Simple E~ Leash•Id E) Condominium(HUD/VA) [] PuD I L Rural· NEIGHBORHOOD ANALYSIS [] Under 25% Emptoymenl Slabllity . •Slow Convenience ,o Employmenl [] D ini.g Convenie e,o Shopping [] Over Supply Convenience Io Schools O Over~ Mos. Adequac~ o, Pu~,~ Trans~a, ion · .~NC4J~ F.'~NIlLY HC~J,.~II~ Recreation Facifities PR,CE AGE ^deguacyo, $(000) (yin) Properly Compatibility 20 Low 40 Prolection fromOetrimenlal~nd. 90 H~h 100+ Paice& F~e P,ote~t~on Pmdominanl General Appearance of Properties 45- 75+ Appear ~o Market Source Note: Race or Ihe racial composition of the neighborhood are nol considered reliable appraisal factors. COMMENTs:The subject property is located off Route 53 in an area between Morrisdale and AIIport known as Oak Grove. Typical mix of home styles and land use. Proximity to ,ment and amenities is typical of other neighborhoods and communities. Tile overall economy has romained stable even with announcments of industrial closings, layoffs and downsizing in surrounding communities. Based on current market activity, marketin.q time is 3-6 months with a reasonable exposure time of 30-90 days. Dimensions 38 Acres Site/~'ea 38 Acres Zoning Classifmalion No zoning HIGHEST& BESTUSE: Present Use X Corner Lol No Zoning Compliance NA Olher Use UTILITIES Public Other SITE IMPROVEMENTS Type Public Privale Elestricily [] Street NA E]~ [] Gas E~ Curb/Guile- NA U [] Water [] Sidewalk NA [] [] Sanitary Sewer [] Streel Lighls NA_ [] [] Topography Rolling Size Typical for Area Shape Irregular Drainage Appears Adequate View Average Landscaping Average Driveway NA Appamnl Easements Typical utility FEMA Flood Hazard Yes' No X Storm Sewer ['~ Alle)~ NA ~] g~ FEMA° aap/Zo,e Comments (Apparenl adverse easements, enoroachmenls, special assessmenls, slide aeas, etc.):..Site is typical of others ill the area; however it offers limited access. Public water and/or public sewage is available in the Oak Grove area; however, it may not be accessible or econom~, feasible to the subject property. The undersigned has recited three recenl sales o! properties most similiar and proximale Io aubjecl and has considered Ihese in the markel analysis. The descrtplion includes a dollar adjuslmenl, renecllng ma~'kel reaclion Io those items of significant variation between Ihe subjecl and comparable pr•petites. If a significafll item in the comparable properly is superior ;~,. t,~ mo~t: l~'~orable then. ,he subjecI properly, a minus (-) adjuslmen, is made. Ihus reducing (he indicated value of suhjec,; if a significanl Ilem in Ihe comparable ia in~erlor to. less favorable than. the subject property, a plus (<') adjustmenl is made. (hue increasing Ihe indicaled value ot Ihe subiecl. ITEM SUBJECT COMPARABLE NO. t Address Sales Price Price/ Off Route 53 Morrisdale Map # 116-P8-76 Graham Township · ' Miles +/- $ NA $ NA $ 500 ~ Data Source Public Records VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION Sales or Financing ' !; ;'i i;:::' ":: ' ' Concessions Conventional Date of Salerlime NA 8-01 Location Suburban Suburban SileNiew 30.3 Acres 20.014 Acres Amenities Electric Electric Access Limited Public NA NA NA COMPARABLE NO. 2 Map # 103-J15-12 Bigler Township 20 Miles +/- 10, OOC ?(-Si Ad~Stmen~ ........... 8-01 ............ Suburban , 55.04 Acres ,- ......... Roiling , ........... Electric , -50 Public 'NA $ 454¢ Public Records DESCRIPTION Conventional COMPARABLE NO. 3 Map # 112-M12-38 Decatur Township 15 Miles +/- 25,000 $ $ 621 Public Records *(.~J AdJaStme~ DESCRIPTION Conventional ......... 8-01 ', , .... Suburban .... 15.93 Acres ........... Rolling , Electric -50 Public , Net Adj. (total) ' $ 50 Indicated Value ' :' $ 450 J $ 404 Comn,~nls of Sales Comparison: See Attached Addendum. THE MARKET GRID IS BASED ON PRICE PER ACRE: THE FINAL VALUE IS 5O 571 ExTended. Page 2. 1 Commenls of Sales Comparison: See Attached Addendum. THE MARKET GRID IS BASED ON PRICE PER ACRE: THE FINAL VALUE IS FOR THE TOTAL ACREAGE. Commenls and Condilions of Appraisal: Information supplied by others, including publib records, is deemed to be reliable. Ffhal' Reconciliation: The market data approach is the only approach applicable for vacant land. FINAL VALUE IS FOR TOTAL ACREAGE I [WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE SUBJECT PROPERTY AS OF June 4, 2002 to be $ 15,400 I (We) cerlify: that to Ihe best of my (our) knowledge a d belief, the facts and dala used herein are lrue and correcl; lhal I (we) personally inspected Ihe subject property and inspected all I (we) have no undisclosed inleresl, presenl or prospective therein. Pic~Jela'y ~ Fam 04t~ MI Certifie( ,raiser )raiser (if app/icable) lie Passmore, to P~u~ed u~r~ P~a~oid D~i~ So~m s~me. 80~ 234 8 T2 ? w.~w polmoid~ ~ c~ ~L'~','-~*-r¥~c~-c.-,,_. ~)^- PROVOST REAL ESTATE APPRAISERS [] Did [] Did Not Insped Properly SUMMARY APF;RAISAL LAND APPRAISAL REPORT F~e No. denshaml The undersigned has recited three recent sales of p¢operties most similiaf and proximate to subject and has considered these in tire markel analysis. The descfiplion includes a dollar adjuslment, refleclio9 market reaction to those items of sigfltficant variation between1 Ihe subjecl and comparable pfoperlies. If a significanl ilem in the comparable property Is superior: Io. or more favorable Ihan. Ihe subjecl properly, a minus (.) adjuslment is made. thus feducilig Ihe i,dicated value of subject; if a signiflcanl ilem in Ihe comparable is tnfe~io~ Io. .~ f,~'oz,~ble lhan. the subject property, a plus (+) adjuslmenl is made. thns il~creasin9 Ihe indic3led value of the subject ITEM Address SUBJECT Route 53 Morrisdale Sales Price $ NA Price/ $ NA Data Source VALUE ADJUSTMENTS DESCRIPTION Sales or Financing Concessions NA Location Suburban SileNiew Topography Amenities Access NA Indicaled Value 30.3 Acres __Rolling Ele/PWat/PSew Public NA COMPARABLE NO. 4 Map # 114-O5-43 Girard Township 15-18 Miles +/- $ 497 ¢ Public Records DESCRIPTION ,~onventional 2-01 Rural 53.31 Acres Rolling Electric Limited NA COMPARABLE NO. 5 Map # 121-S3-23 Karthaus Township 20 Miles +/- 26,500 $ 500¢ Public Records ^d~tm~ DESCRIPTION ............ Conventional .......... 5-01 .......... Rural ............ 22 Acres ............. _R~jn_g 200 Electric 50 Limited ........... NA 250 x[D+ 747: I $ $ 10, 000 COMPARABLE NO. 6 Map #124-Q10-149 Morris Township 1 Mile +/- $ 26,750 $ 546 ~ Public Records J *('~ AdJUSlmenl DESCRIPTION ............. Conventional ,- .......... 10-99 ........... Suburban ............. 49 Acres ', ........... Mixed/Rolling ' 200 PWat/Elect , 50 Limited , ........... NA 250 750 .(-~J ^djustment 100 50 150 696 Ex~ended. Page 3.1 February25,2002 RE: Estate Search The Estate of: FAYE G DENSHAM Date of Death (D.O.D.) 1/2/2002 To Whom It May Concern: Identified below is the account information requested. 1. M&T Bank accounts in which the decedent's name appears: Account Account Number Account Title Opening Branch D.O.D. Accrued Interest Type Balances (Includes Accr. Int.) SAV 15004200827359 FAYE G DENSHAM 4350 $30,807.51 $30.14 2. Loans, Mortgages, or other obligations titled in the decedent's name Account Number Amount Owed Account DeScription No Safe Deposit Box titled in the Decedent's name existed at our office. " If you have any questions about the information provided, please contact our Records Department at (716) 635-4010 or 1-800-724- 2440 outside of the Buffalo, NY calling area. Thank you. Sincerely, M&T BANK CORPORATION .'~.4.~. . Authorized Signature DATE: '-~-~ '~ Manufacturers and Traders Trust Company · 1100 Wehrle Drive, RO. Box 767, Bulfalo, NY 14240-0767 waup ip LOOK FOR US. W(~'LL GET YOU THERE. Account Number Class of Account Date Opened Principal Balance Accrued Interest Balance at Date of Death 01/29/2002 S BERNE SMITH 107 N 24TH ST CAMP HILL PA 17011 The ini: :':'.,~ation which you requested on the account(s) of FAYE DENSHAM DECEASED (Sociai Security Number 188-30-0210) is/are as follows: 400017196 CHECKING 05/13/99 6878.46 6878.46 Account Ownership SOLE Name of Joint Owner, if any · Date Ownership Was Established Account Number Class of Account Date Opened Principal Balance Accrued Interest Balance at Date of Death Account Ownership Name of Joint Owner, if any Date Ownership Was Established Additional PLEASE COMPLETE W-9 Information Requested KAT~Y~yO'~U~G SENIOR SERVICES REP. P.O. Box 1711. HARRISBURG. PENNSYLVANIA 1710~-1711 Toll Fr~ 1-866-WAYPOINT (I-866-9;~9-7646) · www.wagpointbank.com Prudential Prudential Securities Incorporated 3 Lemoyne Drive. Lemoyne, PA 17043 Mail: P.O. Box 7 Camp Hill, PA 17001-9852 Tel 717 761-7344 800 468-8685 Fax 717 975-8426 February 8, 2002 S. Berne Smith Attorney-at-Law 107 N. 24m Street Camp Hill, PA 17011-3602 Re: Acct #044-216094-068 Dear Mr. Smith: I have enclosed the requested information concerning the estate of Ms. Faye G. Densham for her TOD Account held at Prudential Securities Incorporated. Please feel free to contact me at (717) 975-8442 should you have any questions or would like any assistance. Thank you. Sincerely, Nicole Anderson Client Service Assistant To Jack Spahr Ei1c]osutc January 22, 2002 6300 Lamar Avenue Post Office Box 29217 Shawnee Mission, KS 66201-9217 S. Berne Smith Attorney at Law 107 N 24th ST Camp Hill, PA 17011-3602 Re: account 23289325 Dear Mr. Smith We are in receipt of your correspondence concerning the above account. Our records indicate the following values as of January 02, 2002 Acct#/Fund Total shares Price per s/h ($) Value 23289325/621 3,254.131 $5.72 $18,613.63 23289325/622 2,349.986 $9.24 $21,713.87 23289325/625 4,243.477 $6.14 $26,054.95 The WRA Core Investment fund was established on May 05, 1994. As of January 02, 2002 the owner of record for the fund was and always has been Faye G Densham. The WRA Science and Technology fund was established on May 05, 1994. As of January'02, 2002 the owner of record for the fund was and always has been Faye G Densham. The WRA International Growth fund was established on May 05, 1994. As of January 02, 2002 the owner of record for the fund was and always has been Faye G Densham. The cost basis for the funds is as follows: · Fund 621 - 6.1203 (per share) · Fund 622 - 8.1528 (per share) · Fund 625 - 9.2451 (per share) These are the only fund/accounts we show owned by Faye G Densham If you have any further questions, please contact us in writing or at 1-888-WADDELL. Sinc,erely,,~ Adam smith Customer Service Division Waddell & Reed Services Company CSR/Correspondence BUREAU OF TND]:VZDUAL TAXES TNHERTTANCE TAX DTVZS/OH DEPT. Z&O6D1 HARRISBURG, PA 17118-0601 S BERNE SMITH ESQ 107 N 2qTH ST CAMP HILL COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLO#ANCE OR DZSALLONANCE OF DEDUCTIONS AND ASSESSMENT OF TAX "02 NOV 15 A~0:50 DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACM 11-11-Z002 DENSHAM 01-02-2002 21 02-0029 CUMBERLAND 101 Amoun~ Remi*~ed REV-I$4? EX AFP (01-02) FAYE G MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17015 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ REV-1547 EX AFP (01-02) NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF DENSHAM FAYE G FILE NO. 21 OZ-OOZ9 ACN 101 DATE 11-11-2002 TAX RETURN NAS: { X) ACCEPTED AS FILED ( } CHANGED RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Es~a{e (Schedule A) (1) 2. S*ocks and Bonds (Schedule B) (2) 3. Closely Held S~ock/Par*nership /n~eres{ (Schedule C) (3) ~+. Mor{gages/No~:es Receivable (Schedule D) (q) 5. Cash/Bank Deposi~cs/Misc. Personal ProporJ:y (Schedule E) (5) 6. Jointly Owned Proper{y (Schedule F) (6) 7. Transfers (Schedule G) (7) 8. To{al Asse{s APPROVED DEDUCTXONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Cos~s/H1sc. Expenses (Schedule H) (9) 10. Debts/Mortgage Liabili~1es/L/ens (Schedule Z) (10) 11. To,al Deduc~/ons 12. Ne~: Value of Tax Re~urn 19:5;200 O0 O0 O0 O0 q7 z:SZZ 75 O0 182z$$7 19' (8) '" 28,185.fi$ 1~769.56 (11) (12) 13. NOTE: ASSESSHENT OF TAX: 15. Amoun~ of L/ne 1~ a~ Spousal ra~a 16. Amoun~ of L/ne Zq ~axable a~ L/neal/Class A ra~o 17. Amoun~ of L/ne lq a~ S/bllng ra~e 18. Amoun~ of L/ne lq ~axable 19. Principal Tax Duo TAX CREDITS PAYMENT · RECEIPT DISCOUNT DATE NUMBER INTEREST/PEN PAID (-) O$-lZ-ZOOZ CDOOO9q7 789.q7 09-$0-1001 CD001667 .00 Char/*able/Governmen~al Bequest:s; Non-elected 9113 Trus~:s (Schedule J) (15) Ne4: Value of Es~a~o Sub~ec~ ~o Tax (1fi) Zf an assessment ~as issued previously, lines 14, 15 and/or 16, 17, reflect figures that include the total of ALL returns assessed to date. NOTE: To /nsure proper credi~ ,o your account, sUbm/* ~he upper por~/on of ~his form wi~h your ~ax payment. qZZ,859.9q 29.952.99 ~92,906.95 ZF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDIT/ONAL INTEREST. .00 $92,906.95 18 and 19 will .00 · 0$CR ( TF TOTAL DUE TS LESS THAN $1, NO PAYHENT 'rs REQU'rRED, 'rF TOTAL DUE 'rS REFLECTED AS A "CRED'rT' (CR), YOU NAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) TOTAL TAX CREDIT BALANCE OF TAX DUEI INTEREST AND PEN. TOTAL DUE 15,000.00 1,891.~7 AHOUNT pATD 17,680'8~ / .O$CR (15) .00 x O0 = .00 (16) 392,906.95 x Oq5= 17,680.81 (17) .00 x 12 = .00 (18) .00 X 15 = .00 (19)= 17,680.81 RESERVATION: PURPOSE OF NOTICE: PAYMENT: REFUND OBJECTIONS: ADMIN- ISTRATIVE CORRECTIONS: DIscOUNT: PENALTY: INTEREST: Estates of decedents dying on or before December 12, 1982 -- if any future in{erest in the estate is transferred in possession or enjoyment to Class B (collateral) beneficiaries of the decedent after the expiration ofany estate 'for' life or for years, the Commonaeaith hereby expressly reserves the right to appraise and assess transfer Inheritance Taxes at the laaful Class B (collateral) rate on any such future interest. To fulfill the requirements of Section 2140 of the. Inheritance and Estate Tax Act, Act 23 of ZOO0. (72 P.S. Section Detach the top portion of this Notice and submit with your payment to the Register of Nills printed on the reverse side. --Hake check or money order payable to: REGISTER OF NILLS, AGENT A refund of a tax credit, which was not ~equested on the Tax Return, may be requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-1313). Applications are available at the Office of the Register of Nills, any of the 23 Revenue District Offices, or by calling the special Z4-hour ansmeri'~g service for .forms ordering: 1-800-36Z-Z050~. services for taxpayers with special hearing and / or " speaking needs: 1-800-447-3020 (TT only). .. Any part~ in interest not satisfied with the appraisement, allowance, or dismllewance of deductions, ar assessment of tax (including discount or interest) as shomn on this Notice must object aithin sixty (60) days of'receipt of this Notice by: -~written protest to the PA Department of Revenue, Board of Appeals, Dept. 2810Z1, Harrisburg, PA 17128-1021, OR' --election to have the matter determined at audit of the account of the personal representative, OR --appeal to the Orphans' Court. Factual errors discovered on this assessment should be addressed in writing to: PA Department of Revenue, Bureau of Individual Taxes, ATTN: Post Assessment Reviee Unit, Dept. 280601, Harrisburg, PA 17128-0601 Phone (717) 787-6505. See page 5 of the booklet "Instructions for Inheritance Tax Return for a Resident " Decedent" (REV-1501) for an explanation of administratively correctable errors. If any tax*due is paid within three (3) calendar months after the decedent;s death, a five percent (52) discount of the tax paid is allomed. The 152 tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not paid before January 18, 1996, tho first day after the end of the tax amnesty period. This non-participation penalty is appealable in the same manner and in the the same time period as you mould appeal the tax and interest that has been assessed as indicated'on this notice. Interest is charged beginning with first day of dellnquency, or nine (9) months and one (1) day from the date of death, to the date of payment. 'Taxes which became delinquent before' January 1, 1982 bear interest at the rate of six (67.) percent per annum calculated at a daily rate of .000164. All taxes ahich became delinquent on and after January 1, 1982 mill hear interest at a rate which wit1 vary from calendar year to calendar year with that rate announced by the PA Department of Revenue. The applicable interest rates for 1982 through 2002 are: Year Interest Rate Daily Interest Factor Year Interest Rate Daily Interest Factor 1982 207. .000548 199Z 97. . OOOZ~7 1983 162 .000438 1993-199~ 72 .000192 1984 112 ' . 000301 1995-1998 92 .000247 1985 137. ' .000356 1999 72 .OOOlgZ 1986 102 .000274 ZOOO 82 .000219 1987 92 .0002~7 2001 9X .000247 1988-1991 117. .000301 ZOOZ 62 .00016~ --Interest is calculated as follows: INTEREST = BALANCE OF TAX UNPAID X NUXBER OF DAYS DELINQUENT X DALLY INTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (IS) days beyond the date of the assessment. If payment is made after the interest computation data shown on the Notice, additional interest must be calculated. .,8 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA IN RE: ESTATE OF FAYE G. DENSHAM, DECEASED ORPHANS' COURT DIVISION No. 21-02-0029 FAMILY AGREEMENT filed on behalf of BARBARA FAYE DENSHAM AND JOHN L. DENSHAM, CO- EXECUTORS' O . mo 'Counsel of Record for this Party: S. Berne Smith, Esquire PA I.D. #07254 107 N. 24th Street Camp Hill, PA 17011-3602 (717) 737-6789 FAMILY AGREEMENT THIS AGREEMENT by and between BARBARA FAYE DENSHAM and JOHN L. DENSHAM, individually and as Co-Executors of the Estate of Faye G. Densham, Deceased, WITNESSETH WHEREAS, Faye G. Densham, who resided at 381 N. 29th Street, Camp Hill, Cumberland County, PA 17011, died January 2, 2002, having left her Last Will and Testament dated July 25, 1989, which was duly admitted to probate by the Register of Wills of Cumberland County at the above number and term January 14, 2002; and WHEREAS, Barbara Faye Densham and John L. Densham have been duly appointed as Co-Executors of the Estate of Faye G. Densham, Deceased; and WHEREAS, the parties in interest under the Last Will and Testament of Faye G. Densham, Deceased, are: Name Address Relationship Share 1. Barbara Faye Densham 2. John L. Densham 334 N. 21st Street Camp Hill, PA 17011 1270 Sandy Lane Boiling Springs, PA 17007-9647 Daughter ½ of Residue Son LA of Residue WHEREAS, Faye G. Densham, Deceased, was not survived by a spouse; and WHEREAS, there were no specific bequests; and WHEREAS, each of the residuary beneficiary parties to this Agreement having been kept apprised of the estate's probate and non-probate assets, receipts and disbursements, they have determined that no further Accounting, informal or formal, is necessary; and WHEREAS, it is the desire of the parties to this Agreement that final distribution of the estate be accomplished without a formal accounting to the Orphans' Court Division of the Court of Common Pleas of Cumberland County, it being the desire of the parties to avoid the expense, delay and publicity of a formal accounting; and WHEREAS, the parties to this Agreement each acknowledge to have received their one half share of the residue of the estate; NOW, THEREFORE, WITNESSETH, in consideration of the mutual promises, covenants and agreements recited herein the parties do agree as follows: 1. Each of the parties to this Agreement does hereby release and forever discharge the other party from any and all liability which may from time to time arise in connection with their service as Co-Executors of the Estate of Faye G. Densham, Deceased. The parties do further agree to indemnify and hold harmless each other from any and all liability which may arise against the estate from creditors or other claimants. 2. Each party to this Agreement acknowledges that this Agreement shall be indexed and recorded in the estate proceedings and that the terms hereof shall be binding upon their respective heirs, successors, administrators, and assigns. o Pennsylvania. - This Agreement shall be governed by the laws of the Commonwealth of Dated as of April 25, 2003. WITNESS: WITNESS: Co-Executor of the Estate of Faye G. Densham, Deceased. o-E L. Densha~m,'~ individually and as xecutor of the Estate of Faye G. Densham, Deceased STATUS REPORT UNDER RULE 6.12 Name of Decedent: FAYE G. DENSHAM Date of Death: January 2, 2002. Will No. 2002-0029; Admin. No. 21-02-0029. Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of'the administration of the above-captioned estate: 1. State whether administration of the estate is complete: Yes __X__ No __ 2. ' If the answer is No; state when the personal representative reasonably believes that the administration will be complete: Not applicable. 3. If the answer to N°. 1 is Yes, state the following: account is: Did the personal representative file a final account with the Court? Yes No X B. The separate Orphans' Court No. Not applicable. interest? Yes X (if any) for the personal representative's Did the personal representative state an account informally to the parties in No D. Copies of receipts, releases, joinders and approvals of formal or informal accounts may be filed with the Clerk of the Orphans' Court and may be attached to this report. Date: April 25, 2003 OO3 tlc · ~ l_~pacity: Signature S. Berne Smith, Esq. Name (Please type or print) Address: 107 N. 24th Street Camp Hill, PA 17011-3602 Telephone No. 717-737-6789 Personal Representative __X Counsel for personal representative