HomeMy WebLinkAbout02-0040CUMBERLAND COUNTY
PETITION FOR GRANT OF LETTERS
Estate of JEANNE L. SCHAUFERT No.
£
also known as
21~02-40
, Deceased Social Security No. 182226894
Petitioner(s), who is/are 18 years of age or older, apply)les) for
(COMPLETE "A" OR "B" BELOW:)
A. Probate and Grant of Letters and aver that Petitioner(s) is/are the execut OR named in the Last Will of the
Decedent, dated 12/10/96 and codicil(s) dated 10/26/98
ERIC MARTIN SCHAUFERT HAS RENOUNCED HIS RIGHT PURSUANT TO PARAGRAPHTHIRTEENTH OF
THE LAST WILL AND TESTAMENT TO ADMINISTER THE ESTATE
State relevant circumstances, e.g., renunciation, death of executor, etc
Except as follows, Decedent did not marry, was not divorced and did not have a child born or adopted after execution of the documents offered
for probate; was not the victim of a killing and was never adjudicated incapacitated:
B. Grant of Letters of Administration
(c.t.a., d.b.n.c.t.a.: pendente lite, durante absentia; durante minoritate)
Petitioner(s) after a proper search has/have ascertained the Decedent left no Will and was survived by the following spouse
(if any) and heirs: ,
Name Relationship Residence
(COMPLETE IN ALL CASES:) Attach additional sheets if necessary.
Decedent was domiciled at death in CUMBERLAND County, Pennsylvania, with his/her last family or principal
residence at 5 HIGHLAND DRIVE, CAMP HILL, LOWER ALLEN TOWNSHIP, CUMBERLAND COUNTY, PA
(list street, number and municipality)
Decedent, then 75 years of age, died DECEMBER 12,, 2001 , at HOLY SPIRIT HOSPITAL
(Location)
Decedent at death owned property with estimated values as follows:
(if domiciled in PA All 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 ........................................................................................ $
Total ..................................................................................................................... $
Real Estate situated as follows: 5 HIGHLAND DRIVE, CAMP HILL
1,085,000.00
115,000.00
1,200,000.00
Wherefore, Petitioner(s) respectfully request(s) the probate of the Last Will and Codicil(s) presented with this Petition and the grant of letters in
the appropriate form to the undersigned:
I Typed or printed name and residence
Signature
SCO'DT LIVINGSTON SCHAUFERT
6' BOXWOOD LANE
CAMP HILL, PA 17011
/ ~ -._q~ ,- ×~
Oath of Personal Representative
Commonwealth of Pennsylvania
County of CUMBERLAND COUNTY
The Petitioner(s) above-named swear(s) and affirm(s) that the statements in the foregoing Petition are true .
and correct to the best of the knowledge and belief of Petitioner(s) and that, as personal representative(s) of the
Decedent, Petitioner!.s) will well and truly administer the estate according to law.
Sworn to and affirmed and. su~bscribed -<~~ Y--~'I~ ,,~~ ~
DECREE OF REGISTER
Estate of JEANNE L. SCHAUFERT
also known as
Deceased No. 21
Social Security No: 182226894
AND NOW, JANUARY 15. 2002 , __
reverse side hereon, satisfactory proof having been presented before me,
IT IS DECREED that Letters {~ Testamentary I-'1 of Administration
are hereby granted to SCOTT LIVINGSTON SCHAUFERT
Date of Death: 12/12/01
, in consideration of the Petition on the
((c.t.a., d.b.n.c.t.; pendente lite; durante absentia; durante minoriate)
.';'3O
~ c';~. ~ G-~
in the above estate and that the instrument(s), if any, dated D6E. 10, 1996 and:'Oct;_'2:6. 1
described in the Petition be admitted to probate and filed of record as the Last Will of Deced~ti~'
FEES
Letters .................................... $ 865.00
Short Certificates(s) ............... $ 18.00
Renunciation .......................... $ 5; 00"
Extra Pages ( ) ............... $ 69.00
,T.¢.~. .......................................... $ ~_ nfl
I.T.R ...................................... '. $
JCP Fee ................................. $
Inventory ................................ · $
Other....C..O..D...~..C.'~ .................... $ 10.50
TOTAL ............................. $
972.50
. - / Re~ist~r of Wills -
/ // / ,.:
Signature
Attorney: REAGER & ADLER, P.C./DAVID W. REAGER
I.D. No: 20868
Address: 2331 MARKET STREET
CAMP HILL PA 17011
Telephone: 717-763-1383
DATE FILED:
105.805 REV 9/86
',. ~h~s:~s~ to ceru~xthat the~nf6rmauon~here -m~en ~s~correctly cop~ed' Rom?,an"onmn~, cernfi~te o~ deat~ duly 'filed' w~th me
~. >,Loc~,~Reg~strar. The originS' ceruficate~dl Be fo~arde~ to the~;State V~t~ Records O~ce~f0r perm~ent filing: ,'. '
:~ ' ' ,- ,' ~L-. ',"~ '~,' ~ ,~;, ,-~ ~ : "~ .~. .... .~ ,<~. .~ :75 ..... ., :' ,' .: ~':,~. ,.: .~, ., /.' :, ,:., ,. . .
~': ~:: %:,~:,-'. :2: ,WARNING:, II ~s:~l ~cal.to'~ ; 'by photostat:or'photograph...' .~:. - ..'.' .-.~.-".'
~;':% .:.:~.~ ~? ,c~ ~eg~slrar'. :. ~
:~' . .' DFPENNSYLVANA-OEPAI~MENTOFHEALTH-VITALRECORDS~', ;~.,':;:','- >,.~ .~....~
. : .- .... .~:,, - . . .~ /.,,.
I
CERTIFICATION OF NOTICE UNDER RULE 5.6 (a)
Name of Decedent: Jeanne L. Schaufert
Date of Death: December 12, 2001
Will No. 21-02-40 of 2002 Admin. No.
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 21, 2002:
Sallie
Scott Livingston Schaufert
Eric Schaufert
Andrea Looney
Elizabeth Zeigler.
Address
6 Boxwood Lane
Camp Hill, PA 17011
497 Crape Myrtle Drive
Boiling Springs, PA 17007
2625 Woodcreek Lane
Conwa¥, SC 29527
919 George Court
Brentwood, CA 94513
Notice has now been given to all persons entitled thereto under Rule 5.6 (a) except N/A
Date:
Camp Hill, PA 17011
(717) 763-1383
Counsel for Personal Representative
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 000932
SCHAUFERT SCOTT LIVINGSTON
6 BOXWOOD LANE
CAMP HILL, PA 17011
........ fold
ESTATE INFORMATION: SSN: 182-22-6894
FILE NUMBER: 2102-0040
DECEDENT NAME: SCHAUFERT JEANNE L
DATE OF PAYMENT: 03/07/2~02
POSTMARK DATE: 00/00/0000
COUNTY: CUMBERLAND
DATE OF DEATH: 12/12/2001
ACN
ASSESSMENT
CONTROL
NUMBER
AMOUNT
101 $60,000.00
TOTAL AMOUNT PAID:
$60,000.00
REMARKS' SCOTT LIVINGSTON SCHAUFERT
SEAL
CHECK//1008
INITIALS: CW
RECEIVED BY:
REGISTER OF WILLS
MARY C. LEWIS
REGISTER OF WILLS
RENUNCIATION
21-02-'40
In Re Estate of Jeanne L. Schaufert
deceased.
To the Register of Wills of
Eric
The undersigned
Cumberland
M. Schaufert a/k/a Eric Martin
County, Pennsylvania.
Schaufert
of
theab~vedecedent~herebyren~unce(s)the~ghtt~administertheestateandrespect~yask(s)thatL~tters
Testamentary
Scott Livingston Schaufert
beissuedto
WITNESS
hand this /[~c- day of~ff'~-~,---,l~ 2002
Sworn to and subscribed
beforg me this //4~-- day
of ,-~Z~c~ , 2002
Notary Public
Notarial Seal
Monica D. Zemher, Notary Public
Camp Hill Bom, Cumbsdand County
My Commission Exl::.ires Jan. 14, 2002
Member, Pennsylvania Association of Notaries
(Address)
(Signature).
(Address)
(Signature)
(Address)
shc\schau~ert.NiL~' ' ~ ~
L~ST WILL AND TESTAMENT
OF
JEANNE L. SCHAUFERT
I, JEANNE L.' SCHAUFERT, of Camp Hill, Cumberland County,
Commonwealth of Pennsylvania, which I declare to be my domicile, do
hereby make, publish, and declare this to be my LAST WILL AND
TESTAMENT, hereby revoking all Wills and Codicils at any time
heretofore made by me.
FIRST= FAMILY. I have two (2) children: ERIC MARTIN SCHAUFERT
and SCOTT LIVINGSTON SCHAUFERT, 'hereinafter referred to as my
"children" or "sons". The term "children", as used in this Will,
shall refer to all of my natural children, adopted children and
stepchildren. As used in this Will, the term "issue" refers to all
lineal descendants of the indicated person of all generations, with
the relationship of parent and'child at each generation determined
by the definition of "children" set forth in this paragraph. Any
reference to my childrens' children, my "grandchildren", in this
Last Will and Testament shall mean and refer to the natural born
children, adopted children and stepchildren of my children.
SECOND= SPECIFIC DEVISES. I specifically devise to ELIZABETH
ZEIGLER of 151 Beuder Circle, Morgan Hill, CA 95037 the sum of
Twenty Thousand Dollars ($20,000.00). I specifically devise to
shc\scha~e~t.~i[! r ,
ANDREA WHITAKER of 1211 Bell Road, Apartment 148, Antioch, TN 37013
the sum of Twenty Thousand Dollars ($20,000.00)
THIRD: DISPOSITION OF TANGIBLE PERSONAL PROPERTY. I give all
tangible personal property (except cash on hand), including, but
not limited to, personal effects, automobiles, furniture,
furnishings, household goods, clothing, and jewelry owned by me at
the time of my death, and not otherwise dispOsed of herein, to my
children or in the event that a child of mine is not living, then
to that child's surviving spouse.
I direct my executor to divide my tangible.personal property
into two parts. The.first part shall contain all items that my
executor determines, after consulting with the beneficiaries of the
tangible personal property, to be of no present or future value or
use to my beneficiaries. My executor shall dispose of the first
part by sale, abandonment, destruction, or gift to.any charity or
person. The proceeds of any sale shall be added to my residuary
estate. Ail property, in the second part I give to my children, or
in the event that a child or children of mine is not living, then
to their surviving spouse.
I direct that any expenses incurred in obtaining possession,
appraising, safeguarding, delivering, or selling such property be
paid from my estate as an administration expense.
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shc\;chaurfer;.~i
FOURTH: DISPOSITION OF RESIDUARY ESTATE. A. In the event that
both of my children are living at the time of my death, I leave all
of the rest, residue and remainder of my estate to my children, in
equal shares.
B. In the event that my child, .ERIC MARTIN SCHAUFERT shall
predecease me, I give and bequeath a share of my residuary estate
to the children of ERIC MARTIN SCHAUFERT, to be divided among them
equally, which share is equal to the remainder of the Trusts
established in the Will of my late husband, HARRY R. SCHAUFERT less
any life insurance proceeds with Valley Forge Insurance, Co. paid
on the life of ERIC MARTIN SCHAUFERT at the time of his death. In
the event that the amount calculated above is greater than or equal
to the amount in my residuary estate then the entire amount of my
residuary estate shall be conveyed to the children of ERIC MARTIN
SCHAUFERT. Any remainder of my residuary estate shall then be
divided into two equal shares. The first share shall pass to the
then living issue of my son, ERIC MARTIN SCHAUFERT, per stirpes,
and the second share shall pass to my son, SCOTT LIVINGSTON
SCHAUFERT, or in the event that he has predeceased me then to his
then living issue, per stirpes.
C. In the event neither of my children are living on the date
of my death, I give and bequeath the amount of my residuary estate
which shall be equal to the proceeds of the previously mentioned
shc\s~ha~fer~..iU '~ r
Trusts under the Will of my late husband, passing to the then
living issue of my son, sCOTT LIVINGSTON SCHAUFERT, less any life
insurance proceeds with Valley Forge Insurance, Co. paid on the
life of ERIC MARTIN SCHAUFERT at the time of his death, to the then
living issue of my sOn, ERIC MARTIN SCHAUFERT, per stirpes. The
remainder of my residuary estate shall then pass to my childrens'
then living issue, per stirpes.
D. In the event any children of my child (my
"grandchildren"), who are entitled to a share is under the age of
eighteen (18) years, their share shall be held IN T~UST, to be
administered and distributed as provided in Article "FIFTH" of
this Will.
FIFTH: TRUST FOR GRANDCHILDREN. If my trustee shall receive
any amount on behalf of the children of my child, pursuant to the
provisions of Article "FOURTH" of this Will, I direct that:
A. With respect to any amount received in trust on
behalf of the children of my child (my "grandchildren") under
Article "FOURTH" my trustee shall hold the amount received in a
separate trust for that grandchild, and shall administer and
distribute that grandchild's share in the following manner:
1. Until that grandchild reaches the age of
twenty-one (21), my trustee shall pay to or apply for the benefit
of that grandchild so much of the net income o'f the trust as my
shc\s~ha~fer~..i['
trustee shall deem necessary or advisable to provide for that
grandchild's support, maintenance, health and education (including
higher or special education). My trustee shall accumulate any
income not so distributed and shall add the' same to principal
annually.
2. After that grandchild reaches the age of twenty-
one (21) and until that grandchild reaches the age of thirty-five
(35), my trustee shall pay to or apply for the benefit of that
grandchild all of the net income of the trust in quarterly or more
frequent installments.
3. My trustee shall distribute to that grandchild
.one-third (1/3) of the trust principal when that~grandchild reaches
age twenty-five (25) and one-half (½) of the trust principal when
that grandchild reaches the age thirty (30).
'4. I authorize my trustee to pay or apply
principal of the trust, at any time, to or for the benefit of that
grandchild, even to the point of exhausting trust principal, in
such amounts as my trustee, in its absolute discretion, deems
necessary or advisable to provide for the support, maintenance,
health and education (including 'higher and special education) of
that grandchild. For example, but not by way of limitation, my
trustee may pay or apply trust principal, in my trustee's absolute
discretion, for expenses customarily related to obtaining an
education at any academic level, for wedding expenses for that
grandchild, to assist that grandchild in purchasing a primary
residence, to asSist that grandchild in purchasing a business, or
to assist that grandchild in entering a trade or profession. In
determining the amOunt of principal to be disbursed, my trustee
shall take into consideration any other resources available to that
grandchild.
5. When that grandchild reaches age thirty-five
(35), the trust shall terminate and my trustee shall distribute to_~
that grandchild all of the trust assets remaining on hand.
6. If that grandchild dies before reaching age of
thirty-five (35), my trustee shall distribute the trust in
accordance with my grandchild's Will or in the event there is no
Will then to his or her living issue, per stirpes; or, in default
of such issue, to the persons who would be entitled to inherit from
me under the Pennsylvania intestate laws as if I had then died
intestate.
SIXT~: RULE AGAINST PERPETUITIES. Notwithstanding anything in
this Will to the contrary, I direct that no trust created hereunder
shall continue for a period longer than permissible under my
domiciliary state's Rule Against Perpetuities, and upon the
expiration of such period, each ·such trust shall terminate and the
assets thereof shall be distributed outright to those persons then
shc~;chaufer;;~i~ ' '
in being who would be entitled to receive the trust principal from
that trust at the time of the termination specified.
S~A~TH: MERGER OF TRUSTS. If at the termination of any trust
created under this Will any part of the trust principal is to be
distributed to a person'who shall~then be the beneficiary of any
other trust Created under this Will, I direct that such person's
part of ~the trust principal~be added to his or her trust, to be
administered and distributed as an integral part thereof.
EIGHTH: POWERS OF ADMINISTRATION. I confer upon my executors
and upon any trustee serving under this Will all powers granted to
fiduciaries under the laws of the Commonwealth of Pennsylvania,
whether my estate is administered in the Commonwealth of
Pennsylvania or elsewhere.
In addition to the powers granted by law, I authorize my
executors or other legal representatives of my estate and any
trustee serving under this Will:
A. To accept additions to my estate or to any trust
under my Will from any source.
B. To acquire, the remaining undivided interest in
property of my estate or trust in which my'executor or trustee, in
fiduciary capacity, holds an undivided interest.
c. To invest and reinvest the assets of my estate or
any trusts created under this Will in securities or in real or
7
shc\schaufe~t..i[
personal property, whether within or outside of Pennsylvania or the
United States, without the need for diversification as to kind or
amount and without being limited to investments authorized by law
for fiduciaries. More specifically, but not by way of limitation,
I authorize and empower such executors or trustee to:
1. Invest in discretionary common trust funds,
mutual funds, investment trusts, unsecured obligations, stocks,
bonds, and real estate. ..
2. Retain as long as such executors or trUstee
deem proper any real or personal property or any stocks, bonds,
notes or other securities (including securities issued by my
corporate fiduciary) which I own at my death or which are
subsequently acquired.
D. To effect and keep in force fire, rent, title,
liability, casualty or other insurance to protect the property of
the estate or trust and to protect the fiduciary.
E. With respect to any property, real or personal, or
any estate therein owned.by my estate or trust, except where such
property or.any estate therein is specifically disposed of:
1. To take possession of, collect the rents from
and manage the same.
8~
shc\scha~fect.wi~ ' '
2. To sell the same at public ~or private sale, and
upon such terms and conditions, including credit, as to ~my
fiduciary shall seem advisable.
3. To lease, mortgage, partition, or subdivide the
same, even where the terms of such lease or mortgage shall extend
beyond the administration of my estate or the term of any trust.
4. To abandon property which does not have
sufficient economic value, in my executors' or my trustee's
judgment, to make it worth protecting.
5. To repair or improve the same.
6. To grant options for the sale of same for a
period not exceeding six (6) months.
F. With respect to any mortgage held by the estate or
trust, to continue the same upon and after maturity, with or
without renewal extension, upon such terms as the fiduciary deems
advisable, or to foreclose, as an incident to collection of any
bond or note, any mortgage securing such bond or note, and to
purchase the mortgaged property or acquire the property by deed
from the mortgagor in lieu of foreclosure.
G. To employ any bank or trust company incorporated in
the state of my domicile, any natiOnal bank located in the state of
my domicile or any private banker duly authorized to engage in
business in the state of my domicile as custodian of any stock or
shc\;chaufert.~i[ '
other securities held as fiduciary, and the cost thereof, except in
the case of a corporate fiduciary, shall be a charge upon the
estate or trust.
H. To cause any stock or other securities to be
registered and held in the name of a nominee.
I. In the case of the survivor of two or more
fiduciaries, to continue to administer the property of the estate
or trust without the appointment of a successor fiduciary.
J. As substitute or successor fiduciary, to succeed to
all of the powers, duties and discretion of the original fiduciary,
with respect to the estate or trust, as were given to the original
fiduciary.
K. To contest, compromise or otherwise settle any claim
in favor of the estate, trust or fiduciary or in favor'of third
persons and against the estate, trust or fiduciary, or to submit
the same to arbitration, without judicial approval.
L. With respect to any shares of stock or other
securities owned by my executors or by any trustee:
1. To vote or refrain from voting, in person or by
proxy, discretionary or otherwise, such shares of stock-or other
securities.
2. To pay calls, assessments and any other sums
chargeable or accruing against or on account of shares of stock,
10
shc\~ha~fer~..i~ ' ' ~
bonds, debentures or other corporate securities, whenever such
payments may be legally enforceable against the fiduCiary or any
property of the estate or trust or the fiduciary deems payment
expedient and for the. best interests of the estate or trust.
3. To sell or exercise stock subscription or
conversion rights,, participate in foreclosures, reorganizations,
consolidations, mergers, or liquidations and to consent to
corporate sales, leases and encumbrances.
M. To execute and deliver agreements, assignments,
bills of sale, contracts, deeds, notes, receipts and any other
instruments necessary or appropriate for the administration of the
estate or trust.
N. In the case of a trustee, to hold the property of
two or more trusts or parts of such trusts created by the same
instrument as an undivided whole without separation as between such
trusts or parts, provided that such separate trusts or parts shall
have undivided interests and provided further that no such holding
shall defer the vesting of any estate in possession or otherwise.
O. To make distribution in cash, in kind valued at fair
market value of the property at the date of distribution, or partly
in each, without being required to make pro rata distributions of
such property.
11
shc\schaufert.~iL, ,' ' '
P. To pay all reasonable and proper expenses of
administration from the property of the estate or trust, including
any reasonable counsel fees which the fiduciary may incur.
Q. To employ and remunerate agents to perform necessary
services for the estate or for any trust created thereunder such
as, but not limited to, accountants, attorneys, investment
advisors, actuaries, apPraisers and custodians.
R. To borrow in the name of my estate or'trusts from
themselves or others and secure such loans by mortgage, note, or
pledge, at prevailing rates of interest.
S. To claim administrative expenses ~of my estate either
as income tax deductions or as estate tax deductions, in my
executor's sole discretion, without regard to whether such expenses
are payable from income or principal, and without the necessity of
making adjustments or reimbursements between principal and income
or among the property interests of the various beneficiaries of my
estate. I exonerate my executors from any liability arising from
the claim of a beneficiary of my estate whose entitlement under the
terms of my Will has been diminished by my executors' elections.
T. To execute, file and deliver proofs of claim or
receipts required to collect all policies of life insurance on my
life which name my estate or any trust created hereunder as
beneficiary; elect any optional modes of settlement available under
12
shc\s~ha~fert'.uib * ' '
such policies; receive, administer and distribute the proceeds of
such policies in accordance with the dispositive provisions of this
Will. The receipt of my executors or my trustee shall constitute
full acquittance to any insurance company for policy proceeds paid.
U. To terminate and distribute outright to the income
beneficiaries thereof the assets of any trust which, in the opinion
of my trustee, has become so small that it is uneconomic and not in
the best interests of the trust beneficiary or beneficiaries to
continue.
V. To allocate, in their sole and absolute discretion,
any amount of the exemption from generation skipping taxes allowed
under Internal Revenue Code, Section 2631(a), to property of which
I am the transferor, including property transferred dUring my
lifetime to which no allocation has previously been made, without
the necessity of making adjustment or reimbursement to any person
or trust as a result of such allocation.
W. To combine trusts having substantially identical
terms and with the same beneficiary or beneficiaries, whether
created under the terms of my Will or my spouse's, to be
administered and distributed as a single trust.
X. To join with my surviving spouse or the executors of
my Will in the execution and filing of:
13
shc\~haUfert'.~i[, ' '
1. A joint incOme tax return for any period prior
to my death for which I have not filed a return and to agree as to
the apportionment of any joint tax liability.
2. A gift tax return on gifts made by my surviving
spouse and to consent to treat such gifts as being made one-half
(%) by me, for any period prior to my death.
NI~F~H: DISTRIBUTION TO MINORS. If any of my Estate principal
or income shall vest in absolute ownership in a minor, my executors
shall have the authority, in my executor's discretion, and'without
court authorization, to:
A. Hold and manage the property and defer payment or
distribution of all or a part of the prOperty to that minor until
that minor reaches the age of eighteen (18) years. My executor, in
administering this Property, shall have all of the authority
granted to fiduciaries under Pennsylvania law, and under the
provisions of the previous Article of this Will.
B. Distribute part or all of the minor's property to a
custodian for the minor under the Uniform Gifts To Minors Act or
the Uniform Transfers To Minors Act of the jurisdiction where the
minor resides.
C. Select a custodian for the minor under the Uniform
Gifts To Minors Act or under the Uniform Transfers To Minors Act of
the jurisdiction where the minor resides without court order. My
¸14
shcXs;haufert'.~;/'._.. ,' ' ' .,
executor may select any fiduciary named in this Will as such
custodian without conflict of interest.
D. Distribute or pay part or all of the minor's
property to the minor's legal guardian, to the adult person or
persons with whom the minor resides, to the minor personally, to
the trustee of any trust created for the sole benefit of the minor,
or to the administrator or executor of the minor's estate.
E. Apply part or all of the minor's property for the
minor's health, education, maintenance, support or welfare. My
executor shall be entitled to be paid at the same rate as
testamentary trustees under the state law of my domicile for the
holding and managing of property pursuant to this Article of my
Will. My executor shall account in the same manner as trustee and
shall not be required to render or file annual accountings with
respect to the properties so held' and administered for the minor.
Nothing contained in this Article shall operate to suspend the
absolute vesting of the share of any minor beneficiary of my
estate.
TENTH: PAYMENT OF DEATH TAXES. I direct that all estate,
inheritance, succession, transfer or other death taxes assessed by
any taxing authority, whether foreign or domestic, in respect of
all property taxable by reason of my death or by reason of the
inclusion of ·such property in my gross estate for estate tax
15
purposes, be paid, without apportionment from my residuary estate.
However, the aforesaid notwithstanding, if, at the time
of my death, I am the beneficiary of a qualified terminable
interest property (QTIP) trust, and the principal of that trust is
includible in my gross estate for tax purposes, it is my direction,
pursuant to the provisions of Internal Revenue Code, Section 2207A,
that my' executor or the trustee of such trust withhold from the
shares of the remaindermen of such trust an amount by which the
estate tax in my estate exceeds the amount of the estate tax which
would have been payable had the trust property not been included in
my estate for tax purposes.
ELEVENTH: PRESUMPTION IN CASE OF SIMULTANEOUS DEATH. If any
person who may be interested in my estate dies at the same time as
I do or under such circumstances that there is insufficient
evidence to determine which of us died first, then it shall be
presumed that such person predeceased me.
TWELFTH: INTERPRETATION. Throughout this Will I direct that
the term "give" shall be deemed to include the term "bequeath" or
"devise" when appropriate.
THIRTEENTH: EXECUTOR. I nominate and appoint my children,
ERIC MARTIN SCHAUFERT and SCOTT LIVINGSTON SCHAUFERT co-executors
of this, my Will.
16
If my one of my children shall fail to survive me, shall
decline to act, or having qualified shall, for any reason
thereafter, cease to act, he shall not be replaced. If both of my
children shall fail to survive me, I nominate and appoint David W.
Reager, Esquire as the successor executor in their place.
FOURTEENTH: TRUSTEE. I nominate and appoint my sons, ERIC
MARTIN scHAUFERT and SCOTT LIVINGSTON SCHAUFERT, as the initial co-
trustees of any trust created under this Will. If either of my
sons shall not serve as co-trustee for any reason or shall cease to
serve as co-trustee for any reason, he shall not be replaced. If
both of my sons, ERIC MARTIN SCHAUFERT and SCOTT LIVINGSTON
SCHAUFERT, shall not serve as co-trustee for any reason, or shall
cease to serve as co-trustee for any reason after having been so
appointed, then their successor shall be DAUPHIN DEPOSIT BANK. In
regard to the above nomination of co-trustees, the following shall
apply:
A. A co-trustee may at any time or from time to time by
instrument in writing executed by the co-trustee and delivered to
the other co-trustee, delegate to the other co-trustee all of the
powers conferred on or otherwise vested in the co-trustees jointly.
The written instrument~ evidencing an exercise of this right of
delegation shall contain a statement as to the' period of time
during which the delegation shall be effective. On the expiration
17
of the delegation period, the co-trustee shall be restored to their
original position in the administration of the trust estate. A co-
trustee executing a delegation of powers as described shall incur
no liability or responsibility whatsoever for any loss or other
consequence to the trust estate that may result from any action or
inaction of the co-trustee during the period that the delegation of
authority is-in effect.
B. Any co-trustee may resign from the position of
trustee by executing a written resignation and delivering it to the
other co-trustee, and the successor co-trustee. The date of
delivery of the resignation shall be the effective date of the
resignation. No court action or other proceeding shall be
necessary for the resignation of a co-trustee.
C. A person shall be disqualified from acting as a
trustee (1) if found by a coUrt of competent jurisdiction to.be
incapacitated; or (2) if, on receipt of a written request from an
adult beneficiary or a co-trustee or successor co-trustee of the
trust for a written certification from a qualified physician that
upon examination the physician finds the person mentally or
physically ~capable of properly 'handling his or her business
affairs, the person does not obtain a written certification within
thirty days after receipt of the request.
18
shc\s'chau, fe~ .w. .. ,. ' ~- ,.,, '
this Will.
D. No bond shall be required of any co-trustee named in
E. Every title, estate, right, authority and discretion
vested in or conferred on any initial co-trustee under this Will
shall likewise become and be vested in and may be eXercised by any
successor trustee.
other legal representative
I direct that no executor, trustee or
of my estate shall be required to
furnish any bond or other security in any jurisdiction.
IN WITNESS W~EREOF, I have hereunto set my hand and seal to
this, my Last Will and Testament, consisting of nineteen
(19)typewritten pages, the first eighteen(iS) of which bear my
signature in the margin for the purpose of identification, this
10th day of December, 1996.
E L. SCHAUFERT, TeStatrix
19
Signed, sealed, published and declared by the above-named
.Testatrix, JEANNE L. SCHAUFERT and as for her Last Will and
Testament, in the sight and presence of us, who, at her request, in
her sight and presence and in the sight and presence of each other,
have hereunto subscribed our names as witnesses.
I, JEANNE L. SCHAUFERT, THE TESTATRIX, WHOSE NAME IS SIGNED TO
THE 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.
SWORN OR AFFIRMED TO AND ACKNOWLEDGED BEFORE ME BY jEANNE L.
SCHAUFERT, THE TESTATRIX THIS 10T~q DAY OF DECEMBER, 1996.
JEgIN~E L.. SCHAUFERT, T~statrix
N/tary Public. ~
Notarial Seal
Deborah L Brenneman. Notary Public
- Camp Hill Boro, Cumberland County
My Commission Expires June 18, 1998
Member. Pennsylvania AssociAtion of Notaries
CO~fMO~EALTH OF PENNSYLVANIA. ) ' ,4,~ '~
"~ : SS:
cOUNTY OF CUMBERU D )
THE WITNESSES WHOSE NAMES ARE SIGNED TO THE FOREGOING INSTRUMENT,
BEING DULY QUALIFIED ACCORDING TO LAW, DEPOSE AND SAY THAT WE WERE
PRESENT AND SAW THE AFORESAID TESTATRIX SIGN AND EXECUTE THE
INSTRUMENT AS HER LAST WILL AND TESTAMENT; THAT SHE SIGNED
WILLINGLY AND THAT SHE EXECUTED IT 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 WITNESSES; AND THAT
TO THE BEST OF OUR KNOWLEDGE THE TESTATRIX WAS AT THE TIME EIGHTEEN
(18) OR MORE YEARS OF AGE, OF SOUND MIND AND UNDER NO CONSTRAINT OR
UNDUE INFLUENCE.
SWORN OR AFFIRMED TO AND SUBSCRIBED TO BEFORE ME, THIS
10TH DAY OF DECEMBER, 1996.
/Witness
_ wit4~ess ' 'f/
~6tary Pub l~ic'
Notarial Seal i
Deborah L. Brenneman, Notary Public
Camp Hill Boro, Cumberland County
My Commission Expires June 18, 1998
Member, Pennsylvania Association of Notades
dlb\wil 1 s \ schau fert '. cod ~
October 26, 1998 ~-
FIRST CODICIL
OF
JEANNE L. SCHAUFERT
21-02-40
I, JEANNE L. SCHAUFERT, of Camp Hill, Cumberland County, Pennsylvania, being of
sound and disposing mind, memory and 'understanding, do hereby make, publish and declare this my
first Codicil to my Last Wiil and Testament dated December 10, 1996.'
I. Paragraph "SECOND" of my Last Will and Testament entitled "SPECIFIC DEVISES" is
hereby revoked and the :following is substitUted in its place:
SECOND: SPECIFIC DEVISES. Provided my residuary estate exceeds $200,000,
I make the following two specific devises:
A. I specifically devise to ELIZABETH ZEIGLER of 151 Beuder Circle,
Morgan Hill, California 95037, the sum of Twenty Thousand Dollars
($20,000.00).
B. I specifically devise to ANDREA WHI, TAKER of 1211 Bell Road,
Apartment 148, Antioch; Tennessee 37013, the sum of Twenty Thousand
Dollars ($20,000.00).
II. Paragraph "FOURTH" of my Last Will and Testament entitled "DISPOSITION OF
RESIDUARY ESTATE" is hereby revoked and the following is substituted in its place:
FOURTH: DISPOSITION OF RESIDUARY ESTATE. The residuary of my
estate shall be distributed as follows:
A. In the event that 'both of my children are living at the time of my death, I
leave all of the rest, residue and remainder of my estate to my children, in
equal shares.
B. In the event either of my children shall predecease me, I give and bequeath
one-half of his share outright to his wife and the remaining one-half to his
children in equal shares.
In the event any children of my child (my "grandchildren"), who are entitled
to a share is under the age of twenty-five (25) years, their share shall be held
~e L. Schaufert ~'
Page 1 of 4
dlb\w~ills\sc~au~ert~cod
October 26, 1998
IN TRUST, to be administered and distributed as provided in Article
"FIFTH" of this Will.
III. Paragraph "FIFTH" of my Last Will and Testament entitled "TRUST
GRANDCHILDREN" is hereby revoked and the following is substituted in its place:
FIFTH: TRUST FOR GRANDCHILDREN. If my trustee shall receive any
amount on behalf of the children of my child, pursuant to the provisions of Article
"FOURTH" of this Will, I direct that with respect to any amount received in trust on
behalf of the children of my child (my "grandchildren") under Article "FOURTH"
my trustee shall hold the amount received in a separate trust for that grandchild, and
shall administer and distribute that grandchild's share in the following manner:
A. Until that grandchild reaches the age of twenty-one (21), my trustee shall pay
to or apply for the benefit of that grandchild so much of the net income of the
trust as my trustee shall deem necessary or advisable to provide for that
grandchild's support, maintenance, health and education (including higher or
special education). My trustee shall accumulate any income not so
distributed and shall add the same to principal annually.
B. After that grandchild reaches the age of twenty-one (21) and until that
grandchild reaches the age of twenty-five (25), my trustee shall pay to or
apply for the benefit of that grandchild all of the net income of the trust in
quarterly or more frequent installments.
C. I authorize my trustee to pay or apply principal of the trust, at any time, to or
' for the benefit of that grandchild, even to the point of exhausting trust
principal, in such amounts as my trustee, in its absolute discretion, deems
necessary or advisable to provide for the support, maintenance, health and
education (including higher and special education) of that grandchild. For
example, but not by way of limitation, my trustee may pay or apply trust
principal, in my tmstee's absolute discretion, for expenses customarily related
to obtaining an education at any academic level, for wedding expenses for
that grandchild, to assist that grandchild in purchasing a primary residence,
to assist that grandchild in purchasing a business, or to assist that grandchild
~anne L. Schaufert /t
FOR
Page 2 of 4
dlb\w~%ls\sc~gufert~cod
October 26, 1998
in entering a trade or profession. In determining the amount of principal to
be disbursed, my trustee shall take into consideration any other resources
available to that grandchild.
When that grandchild reaches age twenty-five (25), the trust shall terminate
and my trustee shall distribute to that grandchild all of the trust assets
remaining on hand.
If that grandchild dies before reaching age of twenty-five (25), my trustee
shall distribute the trust in accordance with my grandchild's Will, or in the
event there is no Will, then to his or her living issue, per stirpes; or, in default
of such issue, to his or her surviving brothers or sisters equally or to their
living issue, per stirpes; or in default of such issue, to the persons who would
be entitled to inherit from me under the Pennsylvania intestate laws as if I
had then died intestate.
Signed, sealed, published and declared by the above-named Testatrix, Jeanne L. Schaufert,
as and for the First Codicil to her Last Will and Testament, in the sight and presence of us, who, at
her .request, in her sight and presence and in the sight and presence of each other, have hereunto
subscribed our names as witnesses.
Jeanne L. Schaufert,
Address
Page 3 of 4
dlb~lls\sc~auferttcod
October 26, 1998
COMMONWEALTH OF PENNSYLVANIA )
: SSi
COUNTY OF CUMBERLAND )
I, JEANNE L. SCHAUFERT, THE TESTATRIX, WHOSE NAME IS SIGNED TO THE
FOREGOING INSTRUMENT, HAVING BEEN DULY QUALIFIED ACCORDING TO LAW, DO
HEREBY ACKNOWLEDGE THAT I SIGNED AND EXECUTED THE INSTRUMENT AS THE FIRST
CODICIL TO 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.
SWORN OR AFFIRMED TO AND ACKNOWLEDGED BEFORE ME BY JEANNE L.
SCHAUFERT, THE TESTATRIX THIS 26TH DAY OF OCTOBER, 1998.
J~ufert, ~
blic
Notarial Seal
COMMONWEALTH OF PENNSYLVANIA ) Deborah L. Brenneman, Notmy Public
Camp Hill Bom, Cumberland County
· SS. My Commission Expires June 18, 2002
COUNTY OF CUMBERLAND ) Member, ~nn~vanla A~tatlon of Notaries
THE WITNESSES WHOSE NAMES ARE SIGNED TO THE FOREGOING INSTRUMENT, BEING
DULY QUALIFIED ACCORDING TO LAW, DEPOSE AND SAY THAT WE WERE PRESENT AND
SAW THE AFORESAID TESTATRIX SIGN AND EXECUTE THE INSTRUMENT AS THE FIRST
CODICIL TO HER LAST WILL AND TESTAMENT; THAT SHE SIGNED WILLINGLY AND THAT
SHE EXECUTED IT 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
CODICIL AS WITNESSES; AND THAT TO THE BEST OF OUR KNOWLEDGE THE TESTATRIX
WAS AT THE TIME EIGHTEEN (18) OR MORE YEARS OF AGE, OF SOUND MIND AND UNDER
NO CONSTRAINT OR UNDUE INFLUENCE.
SWORN OR AFFIRMED TO AND SUBSCRIBED TO BEFORE ME, THIS 26TH DAY OF
OCTOBER, 1998.
Member, Pennsylvania Association of Notaries
Page 4 of 4
ALL-STATE LEGAL SUPPLY CO. FORM NO.
REAGER & ADLER, PC
ATTORNEYS AT LAW
2331 MARKET STREET
CAMP HILL, PA 17011-4642
(717) 763-1383
REV-1500
INHERITANCE RETURN
~ * ~RRISBU~.~1712~0601
RESIDENT DECEDENT
~CED~S ~ (~ FIR~ ~D MIDD~
Schau~e~, ~ea~ne ~.
DAm OF D~ (M~D~)
UJ
~oo
I DATE OF BIRTH (MM-DD-YEAR)
12.12.01 J 06.04.26
F~PP,~L~ SURWNG SPOUSES N~E (Urn, FiR~, ~ND MIDDE ~m~L)
N/A
[] 1. OfiginalRetum [] Z SupplemefltalRetum
THIS RETURN MUST BE FILED IN DUPUCATE WITH THE
REGISTER OF WILLS
SOCIAL SECURITY NUMuP_H
182.22.6984
[] 3. RemalnderRatum(daeofdeampmr~u.~3~
[] 4. limiledEstate [] 48. Full~erestCornprorniSe(da~ofdeahale~?2.12~2~ [] 5. Fede'alEstateTaxRetumReq~red
[] 6. Decedent Died Teslale (Attam copy of Wil) [] 7. DecedenlMaintainedaLivingTrust(Atta~c~y~fTn~) 8. Tolal Number of Safe Deposit Boxes
[] 9. UtigationProceedsRecoived [] 10. Spausal Poverty Credit (da, ofde~veen12.31_marU?.l.~ [] 11. Eiection to lax under Sec. 9113(A)(.a~tachsc~o)
COI~LETE MNUNG ADDRESS
Frank H Kelly, EA Kelly Financial Services, Inc.
FIRM NAME (If ~opica~e)
Kelly F±nanical Serv±ces, [nc. 400 Bridge Street, Suite #4~
TELEPHONENU~ Ne~ Cumberland, p~ 17070
717.774.7536
1. Real Estate (ScheduleA) (1)
Z Stocks and Bends (Schedule B) (2)
3. ClesdyHeld Corporation, Partnership or S(de-Proprietorchip (3}
4. IVloftgages & Notes Receivable (Schedule D) (4)
5. Ca~, Bank Deposits & ~scetlafleous Pexsonal Property (5)
(Sched~e E)
6. Jointly Owned Property (Schedule F) (6)
[] Separate Billing Requested
7. Inte~-V~ves Transfers & I~scellaneous Non-Probate Property (7)
(Schedule G or L)
8. Total Gross Assets (total Lines 1 - 7)
9. Funeral ~ & Administrative Costs (Schedule H) (9)
10. Debts of Decodenl, Mortgage Liabilities, & Liens (Schedule I) (10)
11. Total Deductions (total lines 9& 10)
1Z Net Value of Estate (Line 8 minus Line 11)
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been
made (Schedule J)
141 Net Value Subject to Tax (Line 12 minus Line 13)
SEE IN5~P, UCTIONS FOR APPECABLE RATES
236, 9 ~';8'
847,668 ,
(8)
OFFICIAL USE ONLY
1,215,976
37,305
2,428
(11)
(12)
(13)
39,733
1,176,243
(14)
1,176,243
15. Amount of Line 14 taxable at lfle spousal tax
rate, ar transfars unde- Sec. 9116 (a)(1.2)
16. Amount of Line 14 taxable at lineal rate
17. Amount d Line 14 taxable at sibling rate
18. Amount of Line 14 ta~able at collateral rate
19. Tax Due
2O.
x .o (15)
1,176,243'x.o 4__~5 (16)
x .12 (17)
x .15 (18)
(19)
[] ~HERE IF YOu ARE REQUESTING A REFUND OF AN OVERPAY~
> · 'BE SURE TO ANSWER ALL QUESTIONS ON REVER-~'~'IDE AND RECHECK MATH < <
52~931
52,931
PA42021F.1
i~e. cedent's Complete Address:
¥P'EI:~[ADDRESS 5 Highland Drive
1~nYcamp Hill
'rax Payments and Credits:
ISTATE PA
lap 17011
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$. TaxDue (Page 1 Une 19)
Z. Credits/Payments
A. Spousal Povsty Credit
B. Pdor Payments
C. Discount
60,000
2,646
Interest/Penalty if applicable.
D. Interest
E. Penalty
Total Credits (A + B + C) (2)
Total Interast/Penalty (D + E)
If Line 2 is greater than Line 1 + Une 3, enter the ditference. This is the OVERPAYMENT.
. Check box on Page I Line 20 to request a refund
If Line 1 + Line 3 is greater than Une 2, enter the difference. This is the TAX DUE.
A. Enter the interest on the tax due.
(1) 52,931
(3)
(4)
(5)
(5B)
62,646
9~715
0
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
Make Check Payable to: REGISTER OF WILLS, AGENT
,~ ~': ~ i~i =~.'.i;:'~.~..~,;.i,?:.~.~':~:?~'.:!, ~:':' :'~' '~ .i':: :~,..'~.~' ~ :: ,"=~ ,,~ :~ ..'~ .." ...:: ~::.:,..'~ ?: ,..,: ' ·
· PLEASE ANSWEE THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE' BLOCKS
1. Did decedent make a tmnsfor and: Yes No
a. retain the use or income ofthe property transferred; ........................................ [] []
b. retain the right to designate who shall use the property transferred or its income; .................... [] []
c. retain a reversionary interest; or ............................................... ..... .... [] []
d. receive the promise for life of either payments, benefits or care? .................... ' ........... [] []
2. If death occurred alter December 12, 1982, did decedent transfer propen'y wilhin one year of death
without receiving adequate consideration? ................................. : ................ [] []
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? ..... [] []
4. Bid decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiay 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.
Under penalties af pedury, I declare lhat I have examined ~is return, including accampanyJng schedules and statements, and to the best of my knowledge a~d belief, Jt is ~ oarrect and complete.
Declaration of prepare~ other than the_personal representalive is based an all information d ~ch _pmpa~ has any knawledge.
SIGNATU~F PERSON RESPONSIB[.E FOR FILING RETURN DATE
ADDR
Box Wood Lane, Camp Hillz ?A 17011
SI(~,'r_URE OF P~:[EPARER 07HER TJ-I&N RF_~RESENTATIVE DATE ·
bi. I /zZ&,
4/0~--~Bridge Streeet, Suite #4, New Cumberland, PA 17070
o dates eath r alter July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfeni to or for the use of the Sun~iving spouse is 3%
172 P.S. {}9116 (a)(1.1) (i)].
For dates of death on or alter January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the su~ving spouse is 0% [72 RS. {}9116 la) (1.1) (i0].
The statute does not exempt a transfer to a surviving spouse from tax, and the statufo~y requirements.for disclosure of assets and filing a tax return are still applicable even
if the su~ving spouse is the only beneficiary.
IFor dates of death on or alter 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 RS. §9116(a)(1.2)].
iThe tax rate imposed on the net value of transfers to or for the use of the decedenrs lineal beneficiaries is 4.5%, except as noted in 72 P.S. §9t16(1.2) ]72 RS. {}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 RS. §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.
ISTF PA42021F.2
REV-1502 EX + (1-97)(I)
COMMONWEALTH OF PENNSYLVANIA
i INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
IJeanne L Schaufert
SCHEDULE A
REAL ESTATE
I
FILE NUMBER
21.02.0040
All real property owned solely or as a tenant in commml must be reported at fair market value. Fair market value is defined as the price a~ which property would be exx:ta~ed between a
willing buyer ard a will~ seller, neither being compelled to buy or sell, bofh having reasonable knowledge of ~ relevant facts. Real properly which is jelntly.owned with fight of suwivorship
must be disclosed on Schedule K
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ITEM
NUMBER DESCRIPTION
1.
House - 5 Highland Drive, Camp Hill, PA 17011
Valuation per attached settlement sheet for the
sale of the house on 5.15.02
TOTAL (Also enter on line 1, Recapitulation)
(if more space is needed, insert additional sheets of the same size)
VALUE AT DATE
OF DEATH
119,000
$ 119,000
'1 STIF PA42021F.3
REV-1503 EX + (1-97) (I)
COMlVlONWF. ALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Jeanne L Schaufert
SCHEDULE B
sTOCKS & BONDS
I
FILE NUMBER.
21.02.0040
NI property jointly-owned with the right of survivorship must be disclosed on Schedule F.
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ITEM
NUMBER
DESCRIPTION
First Trust Multi State Bond Fund
Trust was liquidated Juen 2002.
TOTAL (Also ente~ on line 2, Recapitulation)
I STF PA42021F.4
(if more space is needed, insert additional sheets of the same size)
/
VALUE AT DATE
OF DEATH
12,390
12,390
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REV-1504 EX + {1-97) (I)
SCHEDULE C
CLOSELY-HELD CORPORATION,
PARTNERSHIP or SOLE-PROPRIETORSHIP
COMI~ONWEALTH OF PENNSYLVANIA
INHERrTANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Jeanne L Schaufert 21.02.0040
Schedule C-1 ~ C-2 (Indud~g all supporting information) must be altached for each closely-bald co~oraliaYp'aln~ip interest of lhe decedent, offer than a sole-propria--o~hip.
See inslructions ~ Ibe suplxxling information to be submitted for sule-propdelorships.
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ITEM
NUMBER
DESCRIPTION
None
TOTAL (Also enter on line 3, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
VALUE AT DATE
OF DEATH
ISTF PA42021F.5
REV-1505EX + (1-97) (I)
~L~I OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDEkq' DECEDENT
ESTATEOF
jeanne L Schaufert
SCHEDULE C-1
CLOSELY-HELD CORPORATE
STOCK INFORMATION REPORT
I
FILE NUMBER
21.02.0040
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1. Name of Corporation No ne
Address
City State Zip Code
2. Federal Employer I.D. Number
3. Type of Business
Product/Service
State of Incorporation
Date of Incorporation
Total Number of Shareholders
Business Reporting Year
TYPE TOTAL NUMBER OF NUMBER OF SHARES VALUE OF THE
STOCK Voting ! No~-VoUn9 SHARES OUTSTANDING PAR VALUE OWNED BY THE DECEDENT DECEDENT'S STOCK
Common $
Prefen'ed $
Provide all rights and restrictions pertaining to each class of stock.
Was the decedent employed by the Corporation?
If yes, Position
Was the Corporation indebted to the decedent?
If yes, provide amount of indebtedness $
r-lYes r-'~ No
Annual Salary $
[-~ Yes ['-] No
Time Devoted to Business
A. Detailed calculations used in the valuation of the decedent's stock.
B. Complete copies of financial statements or Federal Corporate Income Tax retums (Form 1120) for the year of death and 4 preceding years.
C. If the corporation owned real estate, submit a list showing the complete address/es and estimated fair market value/s. If real estate appraisals have been
secured, attach copies.
D. Ust of prindpal stockholders at the date of death, number of shares held and their ralatJonship to the decedent.
E. List of oflcers, their salaries, bonuses and any other benefits received from the corporation.
F. Statement of dividends paid each year. List those declared and unpaid.
Any other information rdatin9 to the valuation of the decedent's stock.
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,I 11.
I 12.
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ISTF PA42021F.6
Was there life insurance payable to the corporation upon the death of the decedent? [] Yes · [] No
If yes, Cash Su~ender Value $ Net proceeds payable $
Owner of the policy
Did the decedent sell or transfer stock of this company within one year prior to death or within two years if the date of death was prior to 12-31-827
['-]Yes I-]No If yes, [~]Transfer I-]Sale Number of Shares
Transferee or Purchaser Consideration $ Date
Was them a wdtten shareholder's agreement in effect at the time of the decedent's death? [] Y~s [] No
If yes, provide a copy of the agreement.
Was the decedenl's stock sold? [] Yes [] No
If yes, provide a copy of the agreement of sale, etc.
Was the corporation dissolved or liquidated alter the decedent's death? I--lYes E~No
If yes, provide a breakdown of distributions received by the estate, including dates and amounts received.
Did the corporation have an interest in other corporations or pan'nerships? [] Yes [] No
If yes, report the necessary information on a separate sheet, including a Schedule C-1 or C-2 for each interest.
i REV,1506 EX + (1-97) (I)
CONMONV~cALTH OF PENNSYLVANIA
/ INHERITANCE TAX RETURN
I RESIDENT DECEDENT
--.a,~STATE OF
nne L Schaufert
Name of Partnership None
SCHEDULE C-2
PARTNERSHIP
INFORMATION REPORT
[
FILE NUMBER
21.02.0040
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2. Federal Employer I.D. Number
3. Type of Business
4. Decedent was a []General
State Zip Code
Date Business Commenced
Business Reporting Year
Preduct/Savice
[] Limited partner. If decedent was a limited partner, provide initial investment $
PERCENT OF PERCENT OF BALANCE OF
PARTNER NAME INCOME OWNERSHIP CAPITAL ACCOUNT
A.
B.
C.
D.
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6. Value ofthe decedents interest $
7. Was the Partnership indebted to the decedent?. [] Yes [] No
If yes, provide amount of indebtedness $
8. Was there life insurance payable to the partnaship upon the death of the decedent? [] Yes [] No
If yes, Cash Surrender Value $ Nat proceeds payable $
Owner of the policy
9. Did the decedent sell or transfer an interest in this partnership within one year prior to death or within two years if the date of death was prior to 12-31-827
[]Yes []No If yes, []Transfer [-1Sale Percentagetransferred/sold
Transferee or Purchaser Consideration $ Bate
Attach a separate shes~ for additional transfers and/or sales.
I 10. Was there a written partnership agreement in effect at the time of the decedent's death? [] Yes
If yes, provide a copy of the agreement.
11. Was the decedent's partnership interest sold? []Yes [] No
I If yes, provide a copy of the agreement of sale, elc.
12. Was the partnership dissolved or liquidated after the decedenrs death? [] Yes [] No
I If yes, provide a breakdown of distributions received by the estate, including dates and amounts received.
13. Was the decedent related to any ofthe partnem? []Yes r-lNo If yes, explain
I 14. Did the partnership have an interest in other corporations or partnerships?[] Yes [] No
If yes, report the necessary information on a separate sheet, including a Schedule C-1 or C,-2 for each interest.
[-]No
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THE FOLLOWING INFORMATION MUST BE SUBMITTED WITH~THIS SCHEDULE
A. Detailed calculations used in the'valuation of the decedent's partnership interest.
B. Complate copies of financial statements or Federal Partnership Income Tax returns (Form 1065) for the year of death and 4 preceding years.
C. If the partnership owned real estate, submit a list showing the complete address/es and estimated fair market value/s. If real estate appraisals have been
secured, attach copies.
O. Any other information relating to the valuation of the decedent's partnership interest.
STF PA42021F.7
REV-1507 EX + (1-97) (I)
COMM~TH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Jeanne L Schaufert
SCHEDULE D
MORTGAGES'& NOTES
RECEIVABLE
FILE NUMBER
21.02.0040
All prop~ty joinUy-owned with the dgM of survivorship must be disclosed on Schedule
ITEM
NUMBER DESCRIPTION
1. None
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TOTAL (Also enter on line 4, Recapitulalion)
(If more space is needed, insert additional sheets of the same size)
VALUE AT DATE
OF DEATH
ISl'FPA42021F.8
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REV-1508 EX + (1-97) (I)
COMMONWEAl.11'I OF PENNSYI.~MflA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Jeanne L Schaufert
SCHEDULE E
CASH, 'BANK DEPOSITS, & UISC.
PERSONAL PROPERTY
FILE NUMBER '
21.02.0040
Include the proceeds dliligatie~ and the date the proceeds were received by the estate. All property jointly-owned with the right of sun~ivomhip must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
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2.
3.
4.
Checking Account - Allfirst Bank. #0075777223
Money Fund - Allfirst Bank #0098292838
C/D - Allfirst Bank # 80000002183744
Personal Property - Appraised Value 02.01.02
TOTAL (Also enter on line 5, Recapitulation)
(If more space is needed, insert additional sheets of the same size)
10,915
101,825
75,021
49,157
236,918
ISTF PA42021F.9
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REV-1509 EX + (1-97) (I) ·
COUUONWF_ALTH OF PENNSYL~RNIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Jeanne L Schaufert
SCHEDULE F
JOINTLY-OWNED PROPERTY
[
FILE NUMBER
21.02. 0040
If an asset was made joint within One year of the decedent's date of death, it must be reported on Schedule G.
SURVIVING JOINT TENANT(S) NAME ADDRESS · RELATIONSHIP TO DECEDENT
A. None
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I JOINTLY-OWNED PROPERTY:
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[J: ~ ! i:P, DATE DESCRIPTION OF PROPt:A~ ~' % OF DAlE OF DEATH
ITEM FOR JOINT MADE Indude name of finandaJ inslitution and bank accoun~ mmbe~ or s/milar ide~ng mmbe~. DATE OF DEATH DECD'S VALUE OF
NUMBF~R TEN/U~T JOINT Attach deed for joir~/-held real e~ate. VALUE OF ASSET INTEREST DECEDENTS INTEREST
TOTAL (^lso enter on line 6, Recapitulation)$
ISTF PA42021F.lO
(If more space is needed, insert additional sheets of the same size)
REV-1510 EX + (1-97) {I)
COM~O~TH OF PENNSYI.V,,~IIA
INHERITANCE TAX RETURN
· RESIDENT OECEDEh'T
ESTATE OF
~eanne L Schaufert
' SCHEDULE G J
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INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
FILE NUMBER
21.02.0040
I This schedm'e must be completed and filed if the answer to any of questJo~s 1 through 4 on lhe.~ side ~ ~ R~-I~ C~R SH~ ~ ~.
DESCRIPTION OF PROPERTY % OF
rrE]~ INC{iDE Tr*E N~E Of: ~ 'IRANSFEREE, Tr*BR REtATIONSI4P TO ~/~ID *IHE DKI~ DATE OF DEATH DECD'S EXCLUSION TN(ABI. E VN.UE
I~UIV~ER OF TRANSFER. ATTACH A COPY OF 'I~E DEED FOR REAL ESTATE VALUE OF ASSET ~ITEREST (IF APPUCAB).E)
1. Harry R. Schaufferte Trust 448,427 100 448,427
Trust held at Allfist Bank
Tust #1204773217
2. Scudder Allmerica Annuity 399,241 100 399,241
Value of annuity based upon death
benefit option of annuity.
TOTAL (Also enter on line 7, Recapitulation). $ 8 4 7,6 6 8
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ISTF PA42021F. 11
(If more space is needed, insert additional sheets of the same size)
REV-1511 EX + (1-97) (I)
COMIVIONWEN**IH OF PENNSYLVNflA
INHERII'ANGE TAX RETURN
RESIDENT DECEDENT
ES?ATEOF
Jeanne T, Schaufert
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
I
FILE NUMBER
21.02. 004.0
Debts of decedent must be reported on Schedule I.
DESCRIPTION
ffEM
NUMBER
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FUNERAL EXPENSES:
Rolling Green Cemetary, Camp,Hill, PA
Myers Hall Funeral Home, Camp Hill, PA
ADMINISTRATIVE COSTS:
Personal RepmsenlatJve's CummJssions
Name of Personal Representative(s)
Social Security Number(s) I EIN Number of Pemorml Representative(s)
Street Address
City state
Year(s) Commission Paid:
Attorney Fees
Family Exemption: (If decedenrs address is not the same as claimant's, attach explanaiion)
Claimant
C~y
Relationship of Claimant to Decedent
Probate Fees
Accountant's Fees
Tax Re{urn Prepamr's Fees
Trust Termination Fees
Sale of House Expenses
Appraisal Fees
8tare Z~p
.AMOUNT
4,655
2,657
3,000
973
11,500
0
6,000
8,435
85
TOTAL (Also enter on line 9, Recapitulation) $ 3 7,3 0 5
(If more space is needed, insert additional sheets of the same size)
ISTF PA42021F. 12
REV-1512 EX + (1-97) (I) j
I SCHEDULE I
coM.o.~, o~PE..s~.~ DEBTS OF DECEDENT,
i INHERITANCE TAX RETURN
.~s~.~E~r MORTGAGE LIABILITIES, & LIENS
-- ESTATE OF
FILE NUMBER
iJeanne L Schaufert 21.02. 0040
Include unrelmbumed medical expenses.
ITEM
I NUMBER
1.
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See Attached Listing
DESCRIPTION
TOTAL {Also enter on line 10, Recapitulation) $
ITF PA42021F. 13
(If more space is needed, insert additional sheels of the same size)
AMOUNT
2,428
2~428
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REV-1513 EX + (9.00)
COMMONWEAL*ITt OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEOENT
-- ESTATE OF
Jeanne L Schaufer~
NUMBER
L
o
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ITF PA42021F.14
SCHEDULE J
BENEFICIARIES
FILE NUMBER
21.02. 0040
RELATIONSHIP TO DECEDENT
NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY 0o Not List Trustee(s)
TAXABLE DISTRIBUTIONS [include outdght spousal distributions, and transfers
under Sec. 9116 (a) (1.2)]
Andrea Looney
Beth zeigler
Scott Schaufert
6 Boxwood Lane
Camp Hill, PA 17011
Eric Schaufert
497 Crape Myrtle Drive
Boilings Springs, PA
17007
Friend
Friend
Son
Son
AMOUNT OR SHARE
OF ESTATE
20,000
'20,000
50% of balance
50% of balance
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTIONTO TAX IS NOT BEING MADE
None
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
None
TOTAL 0F PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LiNE 13 OF REV.1500 COVER SHEET
(If more space is needed,, insert additional sheets of the same size)
i REV-1514
EX + (1-97) (I)
I COMMONWEALTH OF PENNSYL~d'~IA
INHERJTAflCE TAX RETURN
RESIDENT DECEDENT
I-- ESTATE OF
Jeanne L Schaufert
SCHEDULE K
LIFE ESTATE, ANNUITY
& TERM CERTAIN
(Check Box 4 on Rev-IS00 Cover Sheet)
FILE NUMBER
21.02.0040
This schedule is to be used for all single life, joint or successive life estate and term certain calculations. For dates of death
I to 5-1-89, actuarial factors for single life calculations can be obtained from the Department of Revenue, Specialty Tax Unit.
prior
Actuarial factors can be found in IRS Publication 1457, Actuarial Values, Alpha Volume for dates of death on or after 5-1-89.
Indicate the type of instrument which created the future interest below and attach a copy to the tax return.
I I-x-]Will r--llntervivos Deed of Trust I-]Other
~' ~ ~ - +:~, ~ .......
~'. .... . '::' :i:"'i ~:" :; ~"'~ :::."::~ :,~"'~i.'~ i..'.i. :'. '"' .' 'i:i' ~ ?':ii'~E iES~A~i~=!'I~E~~,U~TION,;.,i '- ~ '*.~" ';. "~'"' :! '- ~: '-:'~."' ~':" '~':~' ="~¥:? "~: ~: =~'~ :' ':- '
' ~E(Si OF ....................... NEARES'I: AGE AT' 'i'ERM OF'YEARs LIFE ES'TATE IS'~
LIFE TENANT(S) DATE OF BIRTH DATE OF DEATH PAYABLE
N one [--} I. ife or r-]Te~ of Years __
[] Ufe or [] Term of Years__
[] Life or [] Term of Years__
[] Life or [] Term of Years__
I 1. Value of fund from which life estate is payable $
2. Actuarial factor per appropriate table
I Interest table rate - 1--13 1/2% [-16% [] 10% I--IVariable Rate %
3. Value of life estate (Line I multiplied by Line 2) $
NAME(S) OF " NEAREST AGE AT ' ' TERM OF YEARs"
ANNUITANT(S) DATE OF BIRTH DATE OF DEATH ANNUITY IS PAYABLE
[] Life or [~ Ten~ of Years __
[] Life or ~--]Term of Years __
[] Life or []Term of Years __
[] Life or [] Term of Years __
1. Value of fund from which annuity is payable $
I 2. Check block below and enter
appropriate
corresponding
(number)
Frequency of payout - []Weekly (52) []Bi-weekly (26) []Monthly (12)
[-]Quarterly (4) [] Semi-annually (2) []Annually (1) [] Other ( )
I 3. Amount of payout per period
Aggregate annual payment, Line 2 multiplied by Line 3
I 5
. Annuity Factor (see instructions)
Interest table rate [-]3 1/2% [-]6% [] 10% r-lVadable Rate %
Adjustment Factor (see instructions)
I7.
Value of annuity - If using 3 1/2%, 6%, 10%, or if variable rate and period payout is at end of pedod,
calculation is: Line4 × Line5 x Line6 $
If using variable rate and period payout is at beginning of pedod, calculation is:
(Line4 x Line5 x LineS) + Line3
NOTE: The values of the funds which create the above future interests must be reported as part of the estate assets on
Schedules A through G of this tax return. The resulting life or annuity interest(s) should be reported at the appropriate tax rate on Lines 13,
15, 16 and 17.
I STF
PA42021F.15
(If more space is needed, insert additional sheets of the same size)
REV-1647 EX + (9-00)
I
I COM~TH OF PENNSYLVANIA
INHERrFANCE TAX RETURN
RESIDENT DECEDENT
I-- I~STATE OF
jeanne L Schaufert
SCHEDULE M
FUTURE INTEREST COMPROMISE
(Check Box 4a on Rev.1500 Cover Sheet)
FILE NUMBER
21.02.0040
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This schedule is appropriate only for estates of decedents dying alter December t2,1982.
This schedule is to be used for all future interests where the rate of tax which will be applicable when the future interest vests in possession and enjoyment
cannot be established with certainty.
Indicate below the type of instrument which created the future interest and attach a copy to the lax retum.
I--IWill I--ITrust i-]Other
Beneficiaries
AGE TO
NAME OF BENEFICIARY RELATIONSHIP DATE OF BIRTH NEAREST BIRTHDAY
1. None
2.
3.
$.
For decedents dying on or after July 1, 1994, if a surviving spouse exercised or intends to exercise a right of withdrawal wilhin 9 months
of the decedents death, check the appropriate block and attach a copy of lhe document in which lhe sun, lying spouse exercises such
withdrawal dghL
[] Unlimited right of withdrawal [] Limited right of withdrawal
Explanation of Compromise Offer:
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Summary of Compromise Offer:
1. Amount of Future Interest .................................................................... $
2. Value of Line 1 exempt from tax as amount passing to charities, etc.
(also include as part of total shown on Line 13 of Cover Sheet) ........... $
3. Value of Une 1 passing to spouse at appropriate tax rate
Check One I--]6%, I--13%, [--10% .......................... $
(also include as part of total shown on Line 15 of Cover Sheet)
4. Value of Une 1 taxable at lineal rate
Check One I-"]6%, I--]4.5% .............................. '... $
(also include as part of total shown on Line 16 of Cover Sheet)
5. Value of Line 1 Taxable at sibling rate (12%)
(also include as part of total shown on Une 17 of Cover Sheet) ........... $
6. Value of Line 1 Taxable at collateral rate (15%)
(also include as part of total shown on Line 18 of Cover Sheet) ........... $
7. Total value of Future Interest (sum of Lines 2 thru 6 must equal Line 1) ................................ $
ISTF P/~42021F. 16
(if more space is needed, insert additional sheets of the same size)
REV-1649 EX + (1-97) (I)
SCHEDULE 0
ELECTION UNDER SEC. 9113(A)
(SPOUSAL DISTRIBUTIONS)
COMMONV~cAL1}I OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Jeanne L Schaufert 21.02. 0040
Do not complete this schedule unless the estate is making the election to tax assets under Section 9113 (A) of the Inheritance & Estate Tax Act.
If the election applies to more than one trust or similar arrangement, a separate form must be filed for each trust.
This election applies to the Trust (marital, residual A, B, By-pass, Unified Credit, ac.).
I I
f a bust or similar arrangement meets the requirements of Section 9113 (A), and:
a. The trust or similar arrangement is listed on Schedule O, and
b. The value of the lrust or similar arrangement is entered in whele or in pat as an asset on Schedule O,
then the transferer's personal representative may specifically identify the trust (all or a fractional porlJon or percentage) to be included in the election to have such bust
Ior similar property treated as a taxable transfer in this estate. If less than the entire value of the trust or similar pmpen'y is included as a taxable transfer on Schedule
O, the personal representative shall be considered to have made the election only as to a fraclJon of the trust or similar arrangement. The numerator of this fraclJon is
equal to the amount of the trust or similar arrangement included as a taxable asset on Schedule O. The denominator is equal to the total value of the bust or similar
arrangement.
!
PART A: Enter the description and value of all interests, both taxable and non-taxable, regardless of location, which pass to the decedent's
surviving spouse under a Section 9113 (A) trust or similar arrangement.
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N/A
DE[SCRIP'nON
Part A Total $
PART B: Enter the description and value of all interests included in Part A for which the Section 9113 (A) election to tax is being made.
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DESCRIPTION
Part B Total $
(if more space is needed, insert additional sheets of the same s~ze)
STF PA42021F. t7
VALLE
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Name: Jeanne A Schaufert
Date: 07.08.02
Schedule: Form 706 - Schedule K Attachment
ID~ 182.22.6894
Initials Date
Prepared by:
Approved by:
Comcast Cable 133
PA Water Company 69
Lower Allen Twp Sewer/Trash 135
Verizon Telephone 113
PP&L 275
Tru-Green 54
Quantam Imaging 23
UGI 227
Internist of Central PA 22
Readers Digest 25
Messiah Village 145
AT&T 4
Moffit & Pease 31
Jackson Gastroentology 15
United States Treasury 179
Encompass Insurance 137
Bonnie Miller Real Estate Tax 424
Holy Spirit Hospital 331
Ortho Institute of PA 9
Steve Korth 60
Family Physicians 17
Total 2~428 O0
STF PRA1002F
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Form 706
(Rev. November 2001)
Department of the Treasury
Internal Revenue Service
United States Estate (and Generation-Skipping
Transfer) Tax Return
Estate of a citizen or resident of the United States (see separate instructions).
To be filed for decedents dying after December 31, 2000, and before January 1, 2002.
For Paperwork Reduction Act Notice, see page 25 of the separate Instructions.
OMB No. 1545-0015
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D
O
n
la Decedent's first name and middle initial (and maiden name, if any) tb Decedent's last name 2 Decedent's Social Security No.
JEAi~NE A SCHAUFERT 182-22-6894
3a Legal residence (domicile) at time of death (county. state, and
ZIP code or foreiqn country)
CUMBE~LAAND, PA 17011
6a Name ol executor (see page 4 of the instructions)
SCOTT SCI{AUFERT
6c Executor's social security number (see page 4 of the instructions)
201-50-5526
3b Year domicile established 5 Date of death
1948 12/12/2001
6b Executor's address (number and street including apartment or suite no. or rural
route; city, town, or post office; state; and ZiP code)
6 BOXWOOD LANE
CAJ4P I~ILL PA 17011
7a Name and location of court where will was probated or estate administered
CUMBERLAND CTY CRTHOUSE, CARLISLE ,' iO;%
8 If decedent died testate, check here · [] and attach a certified'copy of the willI 9
7b Case number
21020040
If Form 4768 is attached, check here · []
10 If Schedule R-1 is attached, check here · []
1
2
3
4
5
6
7a
b
10
11
12
13
14
15
16
17
18
19
2O
21
22
23
24
25
26
27
Total gross estate less exclusion (from Part 5, Recapitulation, page 3, item 12) ............
Total allowable deductions (from Part 5, Recapitulation, page 3, item 23) ................
Taxable estate (subtract line 2 from line 1) ..............................
Adjusted taxable gifts (total taxable gifts (within the meaning of section 2503) made by the decedent
after December 31, 1976, other than gifts that are includible in decedent's gross estate (section 2001(b)):
Add lines 3 and 4
Tentative tax on the amount on line 5 from Table A on page 12 of the instructions ..........
If line 5 exceeds $10,000.000, enter the lesser of line 5 or $17,184,000. if
line 5 is $10,000.000 or less, skip lines 7a and 7b and enter -0- on line 7c ...... 7a
Subtract $10,000,000 from line 7a ..... · .............
7b
Enter 5% (.05) of line 7b .......................................
Total tentative tax (add lines 6 and 7c) ...............................
Total gift tax payable with respect to gifts made by the decedent after December 31, 1976. Include gift
taxes by the decedent's spouse for such spouse's share of split gifts (section 2513) only if the deceden
was the donor of these gifts and they are includible in the.decedent's gross estate (see instructions) .
Gross estate tax (subtract line 9 from line 8) ..................... '. % ......
Maximum unified credit (applicable Credit amount) against estate tax.. 2 2 0
Adjustment to unified credit (applicable credit amount). (This adjustmenl
may not exceed $6,000. See page 4 of the instructions.) .......
Allowable unified credit (applicable credit amount) (subtract line 12 from line 11) ...........
Subtract line 13 from line 10 (but do not enter less than zero) ....................
Credit for state death taxes. Do not enier more than line 14. Figure the credit by using the amount on
line 3 less $60,000. See Table B in the instructions and attach credit evidence (see instructions) . .
Subtract line 15 from line 14 .....................................
Credit f?r Federal gift taxes on pre-1977 gifts (section 2012) (attach computation) . . 17
Credit for toreign death taxes (from Schedule(s) P). (Attach Form(s) 706-CE.) . . . 18
Credit for tax on prior transfers (from Schedule Q) ........... 19
Total (add lines 17, 18, and 19) ....................................
Net estate tax (subtract line 20 from line 16) .................... ' ..........
Generation-skipping transfer taxes (from Schedule R, Part 2, line 10) ........ · .........
Total transfer taxes (add lines 21 and 22) ...............................
Pdor payments. Explain in an attached statement ........... 24
United States Treasury bonds redeemed in payment of estate tax . . . 25
Total (add lines 24 and 25) .....................................
Balance due (or overpayment) (subtract line 26 from line 23) ....................
1,183,229
39,733
1,143,496
496
404,633
0
404,633
404,633
220,550
184,083
41,584
142,499
142,499
142,499
142,499
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 executor is based on all information of which preparer has any knowledge.
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Signature~) of executor(s), ~' . ,
............
/~ -, ~ ~ ,.- ---~00 BRIDGE STREET, SUITE
~'gnature °' preparer °th~tlan exe~ut°~ t I! Address ~ ~:od'-~ -
#4
Date
e
Form 706 (Rev. 11-01)
Estate of: JEAN-NE A SCHAUFERT
182-22-6894
Part 3 - Elections by the Executor
Please check the "Yes" or "No" box for each question. (See instructions beginning on page 5.) Yes No
I Do you elect alternate valuation? ............................................ '1 X
2 Do you elect special use valuation? .......................................... X
If "Yes," you must complete and attach Schedule A-1. 2 ~ ~
3 Do you elect to pay the taxes in installments as described in section 61667 ....................... X
if "Yes, . you must attach the additional information described on page 8 of the instructions. 3 ~
4 Do you elect to postpone the part of the taxes attributable to a reverslonary or remainder interest as described in
seCtion 61637 ...................................................... 4 X
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Part 4 - General Information (Note: Please attach the necessary supplemental documents. You must attach the death certificate.)
(See instructions on page 9.)
Authorization to receive confidential tax information under Regs. sec. 601.504(b)(2)(i); to act as the estate's representative before the IRS; and to make
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written or oral presentations on behalf of the estate if return prepared by an attorney, accountant, or enrolled agent for the executor:
Name of representative (print or type) I State Address (number, street, and room or suite no., city, state, and ZIP code)
FRANK H KELLY EA I PA 400 BRIDGE ST STE 4 NEW CUMBERLAND, PA
I declare that I am the [] attorney/ [] certified public accountant/ [] enrolled agent (you must check the applicable box) for the executor and prepared
this return for the executor. I am not under suspension or disbarment from practice before the Internal Revenue Service and am qualified to practice in
the state shown above,
Signature?/,,) ._.~,~,~. ~ /~ i ~/~ CAF number Date Telephone number
· '~ 260518301 717-7747536
1 De~ ;e#ificate number and issuing a~ority (attach a copy of the death certificate to this return).
P788 5017 CD~RLA J DENTE, MD
2 Dece, ent's business or occupation. If retired, check here · [] and state decedent's former business or occupation.
HOSIJ ~.WI FE
Marital status of the decedent at time of death:
[] Married
[] Widow or widower - Name, SSN, and date of death of deceased spouse
HA_RRY SCI-IA. UFERT 040240998 08231986
[] Single
[] Legally separated
[] Divorced-Date divorce decree became final ·
4a
Surviving spouse's name 4b Social security number
N/A - -
4c Amount received(see page 9 of the instructions)
Individuals (other than the surviving spouse), trusts, or other estates who receive benefits from the estate (do not include charitable beneficiaries
shown in Schedule O) (see instructions). For Privacy ACt Notice (applicable to individual beneficiaries only), see the Instructions for Form 1040.
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Name of individual, trust, or estate receiving $5,000 or more
ANDREA LOONEY
BETH ZEIGLER
SCOTT SCHAUFERT
ERIC SCHAUFERT
Identifying number
UNKNOWN
UNKNOWN
202-50-5571
201-50-5526
All unascertainable beneficiaries and those who receive less than $5,000 .......
Relationship to decedent
FRIEND
FRIEND
SON
SON
Amount (see inslructions)
Total
20,000
20,000
40,000
Please check the "Yes" or "No" box for each question. Yes No
6 Does the gross estate contain any section 2044 property (qualified terminable interest property (QTIP) from a prior gift or
estate) (see page 9 of the instructions)? ................................... X
(continued on next page)
Page 2
Form 706 (Rev. 11-01~'Ez~1~E A SCI-IAUFERT
182-22-6894
Part 4 - General Information (continued)
Please check the "Yes" or "No" box for each question. Yes,
7a Have Federal gift tax returns ever been filed? ............... * ..........................
If "Yes," please attach copies of the returns, if available, and furnish the following information:
youTb Period(s) coveredanswer any questionsTC Internal Revenue office(s) where filedyou as
If "Yes" to of 8-16, must attach additional information described in the instructions.
8a Was there any insurance on the decedent's life that is not included on the return as part of the gross estate? ..........
b Did the decedent own any insurance on the life of another that is not included in the gross estate? ...............
9 Did the decedent at the time of death own any property as a joint tenant with dght of survivorship in which (a) one or more
of the other joint tenants was someone other than the decedent's spouse, and (b) less than the full value of the property is
included on the return as part of the gross estate? If "Yes," you must complete and attach Schedule E .............
10 Did the decedent, at the time of death, own any interest in a partnership or unincorporated business or any stock in an inactive
or closely held corporation? ..................................................
11 Did the decedent make any transfer described in section 2035, 2036, 2037, or 2038 (see the instructions for Schedule G
beginning on page 11 of the separate instructions)? If "Yes," you must complete and attach Schedule G ............
t2 Were there in existence at the time of the decedent's death:
a Any trusts created by the decedent during his or her lifetime? .................................
b Any trusts not created by the decedent under which the decedent possessed any power, beneficial interest, or trusteeship? . .
13 Did the decedent ever possess, exercise, or release any general power of appointment? If "Yes," you must complete and attach Schedule H ......
14 was the marital deduction computed under the transitional rule of Public Law 97-34. section 403(e)(3) {Economic Recovery Tax Act of 1981)? .....
If "Yes," attach a separate computation of the marital deduction, enter the amount on item 20 of the Recapitulation, and note
on item 20 "computation attached."
15 Was the decedent, immediately before death, receiving an annuity described in the "General" paragraph of the instructions
for Schedule I? If "Yes," you must complete and attach Schedule I ...............................
16 Was the decedent ever the beneficiary of a trust for which a deduction was claimed by the estate of a pro-deceased spouse
under section 2056(b)(7) and which is not reported on this return? If "Yes," attach an explanation ...............
Part 5 - Recapitulation -
Item
number Gross estate Alternate value Value at date of death
I Schedule A - Real Estate .......................... 1 1 1 9, 0 0 0 1 1 9, 0 0 0
2 Schedule B - Stocks and Bonds ....................... 2 431,4 50 460,817
$ Schedule C - Mortgages, Notes, and Cash .................. 3 187, 761 187,761
4 Schedule D - Insurance on the Decedent's Life (attach Form(s) 712) ..... 4
5 Schedule E - Jointly Owned Property (attach Form(s) 712 for life insurance).. 5
6 Schedule F - Other Miscellaneous Property (attach Form{s) 712 for life insurance) 6 4 5, 7 ? ? 4 9
7 Schedule G - Transfers During Decedent's Life (att. Form(s) 712 for life insurance) .
8 Schedule H - Powers of Appointment .................... 8
9 Schedule I - Annuities ............................ 9 399,241 399,241
10 TotaJ gross estate (add items 1 through 9) .............. ~ 10 1, 183,229 1,215,976
11 Schedule U - Qualified Conservation Easement Exclusion ..........
12 Total gross estate less exclusion (subtract item 11 from item 10). Enter here
and on line 1 of Part 2-TaxComputation ................... I 12 1~ 183,229 1,215, 9.76
Item
number Deductions Amount
13 Schedule J - Funeral Expenses and Expenses Incurred in Administering Property Subject to Claims . . 13 3 ?, 3 0 5
14 Schedule K - Debts of the Decedent .................................. 14 2,4 2 8
15 Schedule K - Mortgages and Liens .................................. f 5
16 Total of items 13 through 15 ...................................... 16 39,733
17 Allowable amount of deductions from item 16 (see the instructions for item 17 of the Recapitulation)... 17 3 9, 7 3 3
t8 Schedule L; Net Losses During Administration ............................. ~8
19 Schedule L - Expenses Incurred in Administering Property Not Subject to Claims ' 19
20 Schedule M - Bequests, etc., to Surviving Spouse .......................... 20
21 Schedule O - Charitable, Public, and Similar Gifts and Bequests ' 21
22 Schedule T - Qualified Family-Owned Business Interest Deduction .................. 22
23 Total allowable deductions (add items 17 through 22). Enter here and on line 2 of the Tax Computation
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Page 3 LEA
Form 706 (Rev. 11-01)
Estateof: JEANNE A SCI'IAUFERT 182-22-6894
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SCHEDULE A - Real Estate
· For jointly owned property that must be disclosed on Schedule E, see the instructions for Schedule E.
· Real estate that is part of a sole proprietorship should be shown on Schedule F.
· Real estate that is included in the gross estate under section 2035, 2036, 2037, or 2038 should be shown on
Schedule G.
· Real estate that is included in the gross estate under section 2041 should be shown on Schedule H.
· If you elect section 2032A valuation, you must complete Schedule A and Schedule A-1.
Item Alternate
number Description valuation date Alternate value Value at date of death
1 [-IOUSE - 5 HIGI-ILAND DRIVE, CAMP HILL, PA 05152002 119,000 119,000
~;ALUATION PER ATTACHED SETTLEMENT
FOR TI4E SALE OF THE HOUSE DATED 5.15.02
lotal from continuation schedules or additional sheets attached to this schedule ...........
TOTAL. (Also enter on Par~ 5. Recapitulation, page 3. at item 1 .) ................... 119, 000 119, 000
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(if more space is needed, attach the continuation schedule from the end of this package or additional sheets of the same size.
(See the instructions.)
EEA Schedule A
Form 706 (Rev. 11-01)
l:e of:
A SCHAUFERT
182-22-6894
SCHEDULE B - Stocks and Bonds
(For jointly owned property that must be disclosed on Schedule E, see the instructions for Schedule E.)
Item Description including face amount of bonds or number of shares and par Alternate
Unit value Alternate value Value at date of death
number value where needed for identification. Give 9-digit CUSIP number, valuation date
CUSIP number
1 ~ARRY R. SCF_AUFERT 0 06122002 419,060 448,427
TIP TRUST ACCOUNT N-UMB~,R 1204773217
.%LLFIST BANK, HARRISBURC- PA
2 FIRST TRUST MULTI STATE 33734P454 0 06012002 12,390 12,390
FUND LIQUIDATED JUNE 2002 TO SHARE~{OLDE~ S
Total from continuation schedules (or additional sheets) attached to this schedule .........
TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 2.) ................ *. · 431,450 460,817
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(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the same size.
(The instructions to Schedule B are in the separate instructions.) EEA
Schedule B
Form 706 (Rev. 11-01)
Estateof: JEANNE A SCHAUFERT 182-22-6894
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SCHEDULE C - Mortgages, Notes, and Cash
(For jointly owned property that must be disclosed on Schedule E, see the instructions for Schedule E.)
Item Alternate
number Description valuation date Alternate value Value at date of death
1 CHECKING ACCOUT - ALLFIRST BANK 10,915 10,915
%CCOUNT NI3MBER 0075777223
2 MONEY FI/ND ACCOUNT - ALLFIRST BANK 101,825 101,825
ACCOUNT NLTMBER 0098292838
3 CERTIFICATE OF DEPOSIT - ALLFIRST BANK 75,021 75,021
CERTIFICATE NUMBER 80000002183744
Total from continuation schedules (or additional,sheets) attached to this schedule .........
TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 3.) .................. 18 7, 7 61 18 7,7 61
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(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the same size.
(The instructions to Schedule C are in the separate instructions.)
Schedule C
Form 706 (Rev. 11-01)
Estate of: JEANNE A SCHAUFERT
182-22-6894
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SCHEDULE F - Other Miscellaneous Property Not Reportable Under Any Other Schedule
(For jointly owned property that must be disclosed on Schedule E, see the instructions for Schedule E.)
(If you elect section 2032A valuation, you must complete Schedule F and Schedule A-1 .)
Did the decedent at the time of death own any articles of artistic or collectible value in excess of $3,000 or any
collections whose artistic or collectible value combined at date of death exceeded $10,0007 ..................
If "Yes," submit full details on this schedule and attach appraisals.
Has the decedent's estate, spouse, or any other person, received (or will receive) any bonus or award as a result
of the decedent's employment or death? ...........................................
If "Yes," submit full details on this schedule.
Did the decedent at the time of death have, or have access to,-a safe deposit box? ......................
If "Yes," state location, and if held in joint names of decedent and another, state name and relationship of joint
depositor. ALLFRIST BANK
CAMP HILL, PA
If any of the contents of the safe deposit box are omitted from the schedules in this return, explain fully why
omitted. N/A
No
X
Item Description Alternate
number For securities, give CUSIP number, valuation date Alternate value Value at date of death
1 45,777 49,157
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PERSONAL PROPERTY PER ATTACHED
APPRAISAL DATED 2.1.02 AND SUBSQUENT
~ALE OF THE PROPERTY DATED 04.02.02
Total from continuation schedules (or additional sheets) attached to this schedule ........
TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 6.). · .
45,777
(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the same size.
(The instructions to Schedule F are in the separate instructions.) EEA
49,157
Schedule F
Form 706 (Rev. 11-01)
Estate of: JEANNE A SCI-IAUFERT
182-22-6894
SCHEDULE I - Annuities
Note: Generally, no exclusion is allowed for the estates of decedents dying after December 31, 1984 (see page 14 of the instructions).
A Are you excluding from the decedent's gross estate the value of a lump-sum distribution described in section 2039(f)(2) Yes No
(as in effect before its repeal by the Deficit Reduction Act of 1984)? .............................. I X
If "Yes," you must attach the information required by the instructions. ~ ~
Item Descriplion Alternate Includible Includible
number Show the entire value of the annuity before any exclusions, valuation date alternate value value at date of death
i SCUDEER ALLMERICA ANNUITY DATED 07.07.98 399,241 399,241
ANNUITY VALUE AT DATE OF DEATI{ IS THE Gt;ARANTEED
DEATH BENEFIT ON PG 2 OF 12.31.01 STATEF. ENT
Total from continuation schedules (or additional sheets) attached to this schedule .........
TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 9.) .................. 399,241 399,241
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(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the same size.
Schedule I EEA (The instructions to Schedule I are in the separate instructions.)
Form 706 (Rev. 11-01)
Estateof: JEANNE A SCHAUFERT 182-22-6894
SCHEDULE J - Funeral Expenses and Expenses Incurred in Adminstering Property Subject to Claims
Note: Do not list on this schedule expenses of adminstering property not subject to claims. For those expenses, see the instructions
for Schedule L.
If executor's commissions, attorney fees, etc., are claimed and allowed as a deduction for estate tax purposes, they are not
allowable as a deduction in computing the taxable income of the estate for Federal income tax purposes. They are allowable as
an income tax deduction on Form 1041 if a waiver is filed to waive the deduction on Form 706 (see the Form 1041 instructions).
Item
Description 'Expense amount Total amount
number
A. Funeral expenses:
1 ROLLING GREEN CEMETARY, CAMP I-IILL, PA 4,655
2 [vlYERS HALL FUNERAL HOME, CAMP }{ILL, PA 2,657
3
4
Total funeral expenses ........................... · 7,312
B. Administration expenses:
I Executor's commissions - amount estimated/agreed upon/paid. (Strike out the words that do not
apply.) ....................................................
2 Attorney fees - amount estimated/agreed upon/paid. (Strike out the words that do not apply.) ......... 3,0 0 0
3 Accountant fees - amount estimated/agreed upon/paid. (Strike out the words that do not apply.) ........ 11 r 5 0 0
4 Miscellaneous expenses: Expense amount
1 PROBATE FEES 973 1,058
~PPRIASAL FEES 85
2 SALE OF HOUSE EXPENSES 8435 14:,435
I'RUST TERMINATION FEE 6000
3
4
5
6
7
8
Total miscellaneous expenses from continuation schedules (or additional sheets)
attached to this schedule ...................................
Total miscellaneous expenses ........................................ · 15,4 9 3
TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 13.) ......................... · 3 7,3 0 5
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(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the same size.'
(See the separate instructions to Schedule J.)
EE^ Schedule J
Form 706 (Rev. 11-01 )
Estateof: JEANNE A SCHAUFERT 182-22-6894
SCHEDULE K - Debts of the Decedent, and Mortgages and Liens
Item Debts of the Decedent - Creditor and nature of claim, and Amount claimed as
number allowable death taxes Amount unpaid to date Amount in contest a deduction
1 .qEE ATTACI-IED SCI-IEUDLE 2,428 2,428
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Total from continuation schedules (or additional sheets) attached to this schedule ...................
TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 14.) ............................
Item
number
NONE
Mortgages and Liens - Description
Total from continuation schedules (or additional sheets) attached to this schedule .. ..................
TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 15.) · o .....
'(if more space is needed, attaCh the continuation schedule from the end of this package or additional sheets of the same size.
(The instructions to Schedule K are in the separate instructions.) EEA
2,428
Amount
Schedule K
SCHEDULE L - Net Losses During Administration and
Expenses Incurred in Administering Property Not Subject to Claims
Item Net losses du[ing administration
number (Note: Do not deduct loSses claimed on a Federal income tax return.) Amount
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Total from continuation schedules (or additional sheets) attached to this schedule ...................
TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 18.) ..........................
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Item
number
1
Expenses incurred in administering property not subject to
claims (Indicate whether estimated, agreed upon. or paid.)
NONE
Total from continuation schedules (or additional sheets) attached to this schedule ...................
TOTAL. (Also enter on Part 5, Recapitulation, page 3, at item 19.) ............................
(If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the same size.)
Amount
Schedule L EEA
(The instructions to Schedule L are in the separate instructions.)
IN.me:Jeanne A Schaufert
D~te: 07.08.02
Is~h~ule:Form 706 - Schedule K Attachment
182.22.6894
Initials Date
Prepared by:
Approved by:
Comcast Cable 133
PA Water Company 69
I Lower Allen Twp Sewer/Trash 135
Verizon Telephone 113
PP&L 275
Tru-Green 54
I Quantam Imaging 23
UGI 227
Internist of Central PA 22
I Readers Digest 25
Messiah Village 145
AT&T 4
Moffit & Pease 31
I Jackson Gastroentology 15
United States Treasury 179
Encompass Insurance .137
· Bonnie Miller Real Estate Tax 424
· Holy Spirit Hospital 331
-- Ortho Institute of PA 9
_ Steve Korth 60
I Family Physicians 17
· -
T~al 2,428 00
ISTF PRA1002F
Return
Supporting
Documents
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!
ALI,FIRST TRUST COMPANY OF PENNSYVANIA, NA
AND JEANNE L. $CHAUFERT
CO-TRUSTEE UND~ THE WOJ.
OF
HARRY R. SG"B.~T (Q-TIP)
ACCOUNT #1204773217
12/12101.
ARK PA Tax Free M.oney Market Fund
AccruEd Interest
2,078.6530 Units ARK. Funds Fixed Income Fund
Accrued IntereCc
l(~(.~ 16,559,g290 Vnim ARK Funds PA Tax Fre~ Fund
· Accrued Inter~st
14,142.1310 Unit~ ARK Funds Value EqUity Fund
0/''[Oqlld''~ L~SS: .Trustc~ Fee to Date ofD~a~ '
$15,214.53
6.27
20,786.53
53.77
164,935.90
360.43
108,947.67
138,168.62
(46.62)
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86/18/2882
14:57 7179894939
allfirst
February 14, 2002
David Reager, Esquire '
2331 Market Street
Camp Hill, PA 17011-4642
REAGER & ADLER PC
PAGE 82
Estate Of Jeanne L. 8chaugert
Date of Death: December 12, 2001
Social Security Humber: 182-22-6894'
Dear Mr. Reager:
In response to your request, please b~ adv/sed that at th~ t/me of death, thc above-
named decedent had on deposit with this bank the following accounts.
Account :~pe ............ , .............. Checking Account
Account/IFumber ....................... 0075777223
Oumer~h~ {Ncvne.s oJ) .............. Jeanne L. Schaufert
Open/~ D~te ........................... 01/28/71'
Bt~lan~e on DaM of Detrtlt ......... $10.914,56
Ao::mvd ~,r~g,w. at $ o. I s
Total ...................................... $10,914,71
Account 7~ve ........................... Money Market Account
A~nt Number ....................... 0094039127
Ownersh/p (Names o~ .............. Jeanne n. Scha. ufert
Open/rig D~te ........................... 12/28/82 (account closed 09/01/98)
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06/18/2002 14:57
· Page 3
7179094939
REAGER & ADLER
PAGE
February 14, 2002
Account Type ........................... Certificate of Deposit
~ceou~ Number ....................... 80~021837~
~~ ~s o~. ............. Je~e L. Sc~ufe~
~ ~ ........................... 07/10/00 (~t d~ 02/~/~)
~ ~ ~ of~ ......... $75,000.00
A~d ~t $ 21.~7
~t~ ...................... ; ............... $75,021.27
Ae~ountlqjpe. i ......................... Certifica~ of Dcpoeit
Accou~tt~umber ....................... 87008140955000
Oumers~~so~ .............. Jeanne L, Schaufe~
Open/ngDate ........................... 10/06/97 (account dosed12/07/98)
For any additi°nal/nformation on these accounts, please contact our branch at:
344 SoUth 10~ Street
Lemoyn¢, PA 17043-1707
Phone: (717) 737-3322
Sincerely,
(302) 934-2722
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05/18/2002 14:57
Page 2
7179094939 REAGER & ADLER PC
PAGE
February 14, 2002
Account 7~ue ........................... Money Fund Alternativ~
Account Number ....................... 0098292838
Otu~ (Names o~). ............. Jeanne L. Schaufert
o~ng ~ ........................... o7/oi/9s
BoJrmce on ~ of Death. ......... $101,813.32
Aec~ed/n~erest $ 11
Total. ...................................... $101,825120
Account Type ........................... Certificate of Deposit
Account Number. ...................... 80000002183070
Owners/dp (Names o]). ............. Jeanne L. Schaufert
Opening Date ........................... 12/07/98 {account closed 06/10/99)
Account iq2/~e ........ Certificat~ of Deposit
Account Number ....................... 80000002183292
Ownem/u~ {/Vms o~. ............. Jeanne L. 8chaufert
Open/r~ Date.. ......................... 06/10/99 (account closed 07/10/00)
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86118/2882
14:57 7179694939
REAGER & ADLER PC
ALLFIRST TRUST COMPANY OF PENNSYVANIA, NA
AND JEANNE L. SCHAUFERT
CO-TRUSTEE UNDER TUF. WILL
OF
HARRY R. SCHAUFERT (Q--TIP)
ACCOUNT #1204773217
12/12/01
PRINCIPAL:
ARK PA Tax Free Money Market Fund
Accrued Interest
2,078.6530 Units ARK Funds Fixed Income Fund
Accrued Interest
16,559.8290 Units ARK Funds PA Tax Free Fund
Accrued Interest
6,086.4620 Units ARK Funds Blue Chip F, quity Fund
14,142.1310 Units ARK Funds Value Equity Fund
LESS: Trustees Fcc to Date of Death
$15,214.53
6.27
20,786.53
53.77
164,935.90
360.43
108,947.67
138,168.62
PAGE
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Prepared for:
Jeanne L. Schaufert
5 Highland Dr
Camp Hill PA 17011
If you have any questions regarding this statement,
or need additional set, rice, please call your
FINANCIAL REPRESENTATIVE Frank H. Kelly
H D Vest Investment S
400 Bridge St
New Cumberland PA 17070
Client ID: 08-001-7742
Annuitant: Jeanne L. Schaufert
Tax ID: 182-22-6894
Date Issued: 07/07/98
or our Customer Service nmber, 1-800-782-8380.
Contract Number:. GN115069 ELITE
Contract Type: NON-QUALIFIED
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period Ending December 31, 2001
Beginning Portfolio Value:
Payments:
Change in Value:
Since Inception
07/07/98 - 12/31/01
Trailing 12 Months
1/1/01 - 12/31/01
$ 50,000.00 $ 350,197.51
290,599.21
-24,771.07 -34,369.37
Fourth Quarter
10/01/01 - 12/31/01
$ 296,314.25
19,513.89
iEnding Portfolio Value: $ 315,828.14 $ 315,828.14 $ 315,828.14
I~~~,~~:.~~~. i:.~. ..:. ..:... " .. ;~ '~' ' :~'. ' ' ".;! '~ ?' ,-/'. ".:.~ "· ". ' :': "~., ",*. ~'
I represent your portfolio, see page 2 for your actual
The
following
asset
classifications
the
current
status
Of
Please
portfolio holdings. '
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[] Large Cap Growth
~] Large Cap Value
[~ Capital Appreciation
[] Mid Cap
I Small Cap
~] International
~]]] Asset Allocation
[] High Yield 35,327
[] Government & Corporate Bonds 0
[~ Cash 0
Total Portfolio Value* $ 315,828
101,846 32%
101,101 32%
0 0%
0 0%
0 0%-
20,703 7%
56,852 18%
11%
O%
0%
100%
*Totals may not be exact due to rounding.
lllmerica Investments, Inc., member NASD/SIPC · AIImerica Financial Life Insurance and Annuity Company · 440 Lincoln Street s Worcester, MA 01653
1454 (5/01)
Page I of 4
w As of 09/30/01 As of 12/31/01
I Payments/ Withdrawals/ Interest Earnings Units Owned/
m Value Unit Value Transfers Fees . or Cl~an§e in Value Unit Value Value
,,~cudder Blue Chip Portfolio 88120.3892
· 9.2~639.20 1.051280 9,206.56 1.155757 101~845.76
IScudder International Portfolio 26198.8453
20,647.68 .788114, 55.20 .790221 2~)~ 702.88
IScudder Hish Yield Portfolio 34260.3900
33,625.54 .981470 1,701.38 1.031130 35~326.92
I Total Accumulated Value: 315,828.14
Surrender Charge . - 10,738.~ 6
Total Surrender Value * 305,089.98
hAssumes contract is surrendered on December 31, 2001.
e Annuitant Guaranteed Minimum Death Benefit Value as of 12/31/01 was $399,240.94.
The actual death' benefit will be no less than the greater of the above value or the Portfolio value, provided no .
Iwithdrawals have been taken since ~2/31/0'1.
3034 Page 2 of 4
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ITEMS SOLD FROM CORDIER APPRAISAL
ITEM APPRAISED
NO. PRICE
1. $350
2. $200
3. $800
16. $35
17. $ 35
24. $250
28. $ 45
33. $ 75
38. $ 25
46. $250
47. $150
6O. $ 50
68. $300
71. $900
76. $ 30
79. $ 35
83. $280
84. $350
85. $ 30
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86. $125
87. $200
88. $400
92. $125
96. $325
97. $650
98. $ 75
102. $250
TOTAL:
$6340 APPRAISED VALUE
$2960 ACTUAL SALE PRICE
II
Appr,aisal
Report
Estate of Jeanne Schaufert
5 Highland Drive
Camp Hill, Pennsylvania 17011
Prepared for:
Reager & Adler
2331 Market St
Camp Hill, PennsylVania 17011
(717) 763-1383
File #SchaufertEstate
Prepared by:
David J. Cordier
Cordier Antiques & Fine Art
2201 Market Street
Camp Hill, Pennsylvania 17011
Phone: (717) 731-8662
Fax: (717) 731-9830
Member: Certified Appraisers Guild of America
Table of Contents
Title Page
Table of Contents
Summary
Analysis
Conditions of Appraisal
Certification
Purpose of Report
Method of Valuation
Definition of Value '
Basis of Appraisal
Description
Appraiser Qualifications
Value Listings
Henderson & Co. Jewelers, Inc Appraisal
Page 2 of 18
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Appendix A
AppendiXB
Summary
On February 1, 2002, at the request of Reager & Adler, I personally impected the assets of
Estate of Jeanne Schaufert, $ Highland Drive, Camp Hill, Pennsylvania.
Value
Fair Market Value
The Fair Market Value for the property in total is:
$49,157.00
This is not the appraisal report. The appraisal report must be read in its entirety.
Page 3 of 1'8
Analysis
Analysis
The items were inspected at 5 Highland Drive, Camp Hill', PA.
Authenticity
The fine gemstones were evaluated by David Henderson, Gemologist, of Henderson & Co.
/Jewelers. Mr. Henderson's appraisal was incorporated into the overall value of the estate. A
copy is attached.
Page4ofl8
'Conditions of Appraisal
The value stated in this Appraisal Report is based on the best judgment of the appraise~ given the
facts and conditions available at the date of the valuation.
The use of the ~,port is limited to the purpose of determining the value of personal property for
Estate Tax proposes.
Any additional research or t~stimony required by the client or the court will be billed at the
current rates. ·
Disclosure of the contents of the report is gOverned by the Standards and Practices of the
Certified Appraisers Guild of America.
Certification of Report
Neither David J. Cordier, cordier Antiques & Fine Art nor any of its employees have any present
or future interest in the subject property. No prohibited fee was assessed for this report.
David J. Cordier of Cordier'Antiques & Fine'Art has successfully completed the personal
property apPraiser certification program with the Certified Appraisers Guild of America and. is a
member in good standing. This report was prepared in accordance with the Uniform Standards
of Professional Appraisal Practice and with the Standards and Practices of the Certified
Appraisers Guild of America which has review authority of this report.
David J. Cordier has perSOnally examined the subject pwperty. ~ The statements of fact contained
in this report are true and correct ~o the best knowledge and belief of the appraiser.
By: l~avi'd J. Cordier, C.A.G.A
Cordier Antiques & Fine Art
Page 5 of18 ·
Purpose of the Report
The purpose of this report is to determine the value for Estate Tax purposes for Reager & Adler,
Camp Hill, Pennsylvania.
Method of Valuation
The method of valuation used for this appraisal is the Fair Market Value.
Definition of Value
Fair Market Value
Under the United States Treasury regulation 1.170-1c Fair Market value is defined as:
The price at which the property would change hands between a willing buyer and a willing seller,
neither being under compulsion to buy or compulsion to sell and both having reasonable
knowledge.
Basis of Appraisal
Valuation Date
The date of valuation for determining the value estimation is February 1, 2002.
Date Appraisal Conducted
This appraisal was conducted on February 1, 2002.
I~ !imitations of Property
There were no limitations on use or disposition of this property.
Description
An itemized list with descriptions is in Appendix A.
Page 6 of 18
David J. Cordier
Cordier Antiques & Fine Art
2201 Market Street
Camp Hill, Pennsylvania 17011
Phone: (717) 731-8662
Fax: (717) 731-9830
Education & Special Tr~ininR
David Cordier of Cordier Antiques & Fine Art has successfully completed the personal property
appraiser certification program with the Certified Appraisers Guild of America.
Mr. Cordier attended tho 'Winter ~n~mte" at Winterthur Museum in Wilmington, Delaware, a
three week graduate level program on American Decorative Arts. David has also participated in
programs such as Penn State's "The Arts & Decorative Arts in Penn.~lvania" and The New York
Silver Society's "Conference On Silver" in New York City. Mr. Cordier also holds a Masters in
Business Administration from Penn State.
Professional Membership,
David Cordier is a member in good standing of the Certified Appraisers Guild of America, the
Antiques and Collecfibles Dealers Association, Inc., and the Capitol Region Antiques Dealers-
Association. He is also a member of the Antiques Dealers Association of Pennsylvania and the
National Association of Watch and Clock Collectors.
Experience,
David J. Cordier is co--owner of Cordier Antiques & Fine Art located in Camp Hill, PA.
Established in 1984 Cordier Antiques & Fine Art specializes in the purchase and sale of antiques
and art, estate liquidations and certified appraisals of antiques and personal property. David
Cordier has been an antiques and jewelry dealer since 1980 and an appraiser since 1990..
David Cordier has conducted appraisal clinics for such organizations as The Harrisburg Area
Community College's Older American Days; The Questers; Rohrer Bus Antiquing Road Show
Tour; Millersburg Historical Society; Friends of Fort Hunter, West Shore Country Club and The
Friends of the Pennsylvania State Museum.
Page 7 of 18
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Mr. Cordier writes a bi-weekly feature cob~mn~ "Eye On Antiques", for Harrisburg's daily paper,
The Patriot-NeWs, which focuses on antiques and related events in central Penn~lvania.
Cordier Antiques & Fine Art is an underwriter of Thc Antiques Road Show on WITF, public
television~
Page 8 of 18
Dining
'5.
/7.
10.
,-IL
Fair Market Yalue
Room
$200.00
$800.00
$35.00
$4,277.oo
$60.00
$200.00
$250.00
$350.00
$150.00
$150.00
Appendix A
Dining Table.
1970-1980.
54" x 41". Oval; French Provincial style; Fmitwood;
Chairs. Set of 4. Each seat 19" x 17"; 42" high at back, Carved back;
Black vinyl upholstered seats. French Provincial style; Fruitwood; c.
1970-1980.
China Cabinet. 67" x 15" deep x 80" high. 3 glass doors with wire
screening over 3 paneled doors. French Provincial style; Fruitw°°d;
c. 1970-1980.
Plant Stan& 12" x 12" x 27" high. Soft wood stained mahOgany;
Contemporary.
Flatware Dinner Service. Reed & Barton; French Renaissance patterm
Includes 8 each: Dinner forks, Salad forks, Dinner knives, SOup spoons;
Individual butter knives; Iced tea spoons; Seafood forks; Demitasse
spoons. Also 'includes 16 teaspoons and 14 serving Pieces. Sterling silver.
Miscellaneous Flatware. 8 pieces total: 3 Teaspoons, 2 Bouillon spoons; 1
Sug. ar spoon; 1 Cheese scoop; 1 Pickle fork.
Dinner Service. Dishes.. Service for 8. Includes: Dinner plate; Salad '
plate; Bread & butter plate; CUP & saucer, syracuse China; Made in
America; Meadow Breeze pattern.
Pair of Candelabra. Each 11-1/2" high. 3 lite; Weighted bases; Sterling;
Compote. 8" wide x 4-1/2" high. Flaredbase; RepoUSSe grape pattern;
Reed & Barton; Sterling; Francis I pattem.
Bowl. 9-1/2" diameter x 3-1/2" high. Fluted with stePped rim; Go&am;
Sterling.
Cream & Sugar with Under Troy. Approximately 3,, high. Cream & sugar
marked "Prelude International Sterling".
page 9 of 18
12. $180.00
13. $95.00
Miscellaneous Small Sterling.. Includes: 2 Small Paul Revere bowls; 2
Small decorated bowls; 2 Pairs low weighted candlesticks; Napkin ring.
pieces total.
Sterling Silver Flatware. Includes: Meat fork; 6 Demitasse spoons; 6
Teaspoons. All marked "Sterling"; Various patterns.
7
14. $100.00
15. $700.00
$35.O0
$35.O0
Living Room
$300.00
19. $12530
r-20. $150.O0
21.. $125.00
22. $1O0.00
,,/23. $2O0.00
$250.00
.-/25. $300.00
2 Pitchers. Each 4-1/2" high. Copper lustre; One with blue and dogs; One
with yellow decoration.
Miscellaneous. Approximately 70 pieces. Various small glass; Vases.
Silverplate; Knick knacks.. None of significant individual value.
Table. 24" diameter x 18" high. Wood with glass top. ·
Mirror. 32-1/2" x 22-1/2". Gold frame.
Porcelain Figurine. 10-1/2" high; "Japanese Girl Bowing"; on Imse.
Lladro.
Porcelain Bowl. 12-3/4" diameter x 5~1/2" high.. "The Andrew Wyeth
Bowl"; Royal Doulton; England; c.1973.
Sculpture. 17" high. Rosewood base; Sterling silver free form design;
Marked "Sterling Secrest 5/lO0".
Chair. 26" x 21" upholstered seat. Carved back 36" high. French style;
Contemporary.
Child's Chair. Seat 7-1/2" x 7" x 14-1/2" high at back. Plank bottom;
Turned stretchers; Painted (floral) back; c.1880.
Hall Table. 42" wide x 12" deep x 31-3/4" high. Faux i~layed top;
Square tapered legs; Federal style; Harden; Contemporary.
Tnble. 42" x i 8" x 18". Rose marble top with wrought iron bench base.
Antique marble; Contemporary base.
Chest of Drawers. 27" wide x 17" deep x 30" higl~ Four drawers; Brass
pulls & escutcheon. Fluted sides; Ogee bracket feet; Chippendale style.
Marked "Jamestown Sterling"; Mahogany; Contemporary.
Page 10 of 18
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/. 26.
27.
/29.-
/30.
/31.
/,.32.
Kitchen
/ 35.
$4,600.00
$200.00
$45.00
$125.00
$2OO.0O
$950.0O
$75.00
$75.00
$200.0O
$250.00
$120.00
Desk. 40" wide x 23" deep x 42" high at back. Four graduated drawers
With reproduction brasses; Fluted comer columns. Ogee bracket feet
(height loss of approximately 2"); Drop front writing surface; Serpentine
interior; With 10 drawers and center door (4 inner drawers); Hidden
compartment. Refinished; Various repairs; Walnut; American, probably
Pennsylvania; c. 1810-1820.
Chair. Seat 23' x 20". Oval back (upholstered back and. Seat); Front
· scrollwork stretcher, Turned and blocked supports; Old repairs and
refmisl~
Table. 32" x 32" x 20". Vinyl covered top With glass; Wood base;
Contemporary.
,Minor. 25-1/2"x 19". Mahogany veneerogee frame; c. 1840-1860.
Miscellaneous Items. Includes: knick-knacks;.vases; 2 lamps;
contemporary clock; etc.
Print. 5-1/2" x 7". "Old on Cliff";' Signed in pencil "Rockwell Kern"
(American, 1882-1970); Framed.
Print. 27" x 19". "Magnolia Mist 1I"; Signed "Lawrence Gleason"; #
106/250. Purchased at William Pis Galleries.
Upholstered Furniture. Two pieces - 1 sectional piece; 1 arm chair (worn);
Footstool. '
Contents. Pots & pans; Flatware; Small portable television; Small
· appliances; Dishes; Etc.
Print. 18" x 14". "The Tawny Owl"; Signed in pencil, "Raymond
Watson"; Collotype.
Stemware/Barware. 60+ pieces, various stemware, some older; most
modem. Decanter; Martini Shaker; Etc.
Page ll of 18
Dell
37. $300.00
$25.00
39. $200.00
.Painting. 19-1/2" x 35". Oil on canvas; "Incoming Combers"; Attributed
to George Caggiano, American, b. 1901. (Unsigned but label verso & artist
bio enclosed.)
Television. 24"; Quasar, 30+ years:
Library. Approximately 100+ hardcovers and miscellaneous soflcover
books, novels, fishing, some antiques.
/ 40. $85.00
41. $225.00
42. $150.00
43. $75.00
44. $200.00
Figurine. 6" high. Chinese mud man; c. 1920-1930.
Print. 20-1/2" x 12". Japanese woodblock; "Bird In Tree"; Chop marks.
Doosment. 12-1/2" x 16" (framed). Printed, "Penn~lvaniaMilitia
Commission to "Perry County Guards"; Dated 1835 with S~ of the
Commonwealth, James Findlay autograph.
'Two Upholstered Chairs. One floral; One tweed.
Miscellaneous. Small table; Toy piano; Knick-lmacks; Floor lamp; Etc.
45. $800.00
$250.00
$150.00
48. $200.00
49. $150.00
/~50. $100.00
Bedroom Suite. Includes: Chest of Drawers; Triple Dresser w/Mirror,
Night Stand. Solid wood; Glass tops; Thomasville; Contemporary.
Bench. 39-1/2" x 16" x 17" high. Upholstered sent with carved base in
the French style; c. 1920s.
Double Bed. Metal headboard with Hollywood me~d frame.
3 Charm Bracelets. Each with multiple charms; Various vintages.
Costume Jewelry. Miscellaneous lot; Various vintages; Some sterling.
Miscellaneous Items. Dresser trays; Pictures; Lamps; Small portable
television; Etc.
Seeond Floor Boys Bedroom
/"51. $600.00 Bedroom Suite.
Double dresser with wall mirror; Chest of drawers; Pair '-
Page 12 of 18
52. $200.00
53. $200.00
54. $125.00
~55. $175.00
,~ 56. $400.00
e/57. $100.00
Guest Bedroom
,..--58. $600.00
59. $225.00
/& $50.00
61. $100.00
~- 62. $360.00
j63. $100.00
./64.. $225.oo
/~ 65. $325.00
of twin spindle beds; Nightstand.. Walnut; Chippendale style;
Contemporary.
Cast Brass Box. 9" x 6" x 3-1/2" high. With top handle and hasp; Art
Nouveau style; c.1880-1900. ..
Library. Approximately 140 volumes of various titles; Most hardback.
Desk. 43" x 21" x 30" high. Maple or poplar stained cherry; Includes arm
chair; ¢. 1950.
Ashtray. 7" x 4-1/2". Green onyx base with bronze sculpture (2" x 3-3/4")
of elephant; ¢. 1920.
Two Pen Writing Set. 19-1/2" x 8" base. Oreen onyx with bronze
sculpture (11" long x 9" high) of elephant with ivory tusks. Two Schaeffer
ballpoint pens; One broken at holder.
Miscellaneous. Includes: Lamps; Radio; 5 Steins (contemporary); Etc.
Needlepoint Sampler. 17" x 12-1/2". Alphabet with poinsettia border (not
completed); Dated "1834".
Chest. 19" x 36" x 21" high. Domed top; Iron straping; Refinished pine
with PA folk art type painting of hearts and birds (later vintage).
Singer Sewing Machine. 20" x 44" x 30"; One pedestal; cA960.
Print. 1 I" x 8-1/2". "Chateau Estang - Estang, France. Ed 75; Donald F.
Witherstine" Co.1896, d. 1961).
Prints/Pictures. Includes:.~e._..s..mall_~i~mrati~¢_p~.~ti_ng; 9ne Japanes~
woodblock (1935); F~.m~._~ed. 9_V~.t~'..mtyl~..; t. w0..1930s ~ilI_o. uett_e_s;
Needlej~9. ~m~t- ~!~.: 12 Total.
Miscellaneous Linens. Table Cloths; Napkins; DoillieS; Etc.
Table. 20" x 13" x 19". Hinged lid; Carved floral sides; Stretcher base;
Pilgrim style; Oak; c. 1920.
Mirror. 38" x 24". Walnut frame with gold liner; Rounded top with
teardrop finials; c.1880.
Page 13 of 18
$350.00 Dresser Base. 44" x 21" x 31" high. Bow front; Replaced wood pulls; 3
drawers. Victorian; Walnut; Rough finish; c.1880.
67.
$100.00 Miscellaneous. Two lamps; Dresser tray; Cut down bed; Etc.
~ting. g" x 11". Oil on paper, American (1839); "Mountain
School
~ View with Stream".
,'~ 69. $400.00 Carpet. 107" x 140". Green ground with floral design; Chinese;
c. 1920-1930.
70. $100.00 Carpet. 35" x 58". Green ground with floral design; Chinese;
~ ..~.___~.~ ¢~ 920-1930.
......... o.0o
~ ~ .......... '" Po~t ofam~ ~e: 30" x 15"; Po~t ofa wo~. Chine~;
c~. Be~ev~ to ~ 2nd ~ ~~ ~s.
Bssement ·
/72. $300.00
Knife Colleetion
~- 73. $65.00
74. $85.00
75. $65.00
$30.00
77. $45.00
78. $350.00
Contents. Includes: Work bench; Cupboard with miscellaneous dishes
(most broken); Christmas item~; Pots & pans; Buckets; Etc.
Knife. 6" blade; 11" overall. Rubber handle; "6362 ~]~~i~_'_ ~" knife
with leather sheath.
Knife. 5-1/2" blade; 10" overall. Horn handle; "Bone, Lubbock Tx";
'W/90"; With leather sheath.
Knife. 6" blade; 10-3/4" overall. Horn handle; '6377~l~ma~__W!~i.~'te
Hunter"; With leather sheath.
Knife. 5-1/2" blade; 9-3/4" overall. Hard plastic handle; "Buck USA";
With blaCk leather sheath; "121".
Knife. 4" blade; 8" overall. Horn handle; "Puma Hunters Pal"; With
leather sheath. -
Knife. 7" blade; 12" overall. Horn handle; "Randall Made Orlando Fla";
With leather sheath. ~
Page 14 of 18
/230
80.
81.
,~82.
$35.00
$40.00
$65.00
$45.00
$280.OO
Knife. 4-3/8" blade; 9" overall. Wood handle; "Olsen M. C. Mich"; With
leather she~.
Knife. 5-1/4" blade; 9-1/2" overall. Hard resin handle with" ' '"'
"Schlade Walden 165"; With leather shcmh.
Knife. 6-3/4" blade; 11-7/8" overall. Wood handle; 'qJSMC Ka-Bar";
With leather sheath.
Knife. 5" blade; 9-1/2" overall. Horn handle; "Puma Hunters Friend";
With leather sheath.
V~o__.~. 14 total. WWI bayonets; Fish cleaning knives; 2
machetes; Etc.
Gw
Jewelry
~- 89.
.~' 90.
$350.00
$30.00
$125.00
$2OO.00
$400.00
$45.00
$225.00
Pistol. Colt; Police positive 3..3..3..3..3..3..~1ice CTC Colts PTF Manf. Co Hartford
CT USA Pa~d Aug 5th 1884, June 5 1900, July 4 1905, Niclde plated with
wood grips.
Pistol. Victor No 1. Pat May 23 1876. Nickle piated (with rust); Wood
grip.
Pistol. Harriugton & Richardson Arms Co., Worcester Mass USA PA.
May 14 & Aug 8 '89; April 2 '95,.April 7 '96. Auto ejecting 38 S~B S&W
CTSE
Rifle. Reminton Arms Co. lnc Remington Ilion Works Ilion N.Y. Made in
USA; .22 Remington Spec. W.R.F. The Fieldrnaster Model 121 Reg
24700.
Rifle. Reminton 32 Rem; Remington Arms, Union Metallic Cartridge.Co. '
Remington Works Ilion New York USA Pedersons Pat. Oct 12, 00, July
601, Nov 19 '12: C # 38281
Sewing Thimble. With scenic carving on rim; c.1890-1910.
Pin. 1" diameter filagree love'knot with small low quality diamond;
approximately 7 pts.; 4 dwt total weight; Victorian; gold.
Page 15 of 18
91. $100.00
'$125.00
Bar Pin. 2" 10ng; White gold filagree top; Small amythysts; Yellow gold'
back; Marked 14k; Gold; c.i910-1920.
Necklace. Lavelie~, Pendant 1" long. Small garnet; Marked 1 Ok; Gold;
with chain.
93.
$350.00 Necklace. Fine chain with 5 floral pendants of natural pearl buds and gold
pedals; Marked 14k.
$325.00 ,Pearl Necklace. 18".
"World ~" box.
,.,'" 95. $150.00 ~'
$325.00
$65~00
$75.00
Small graduated pearls; 10k gold filagree clasp;
Pearl' & Diamond Pin. 1" diam. round; 24 tiny pearls with 4 diamonds
(approximately 2 pts. ea.); Yellow gold base marked 14k.
American Indian Jewelry. Includes: 1 bolo tie with silver & turquoise
(1-1/2" x 1-1/2") with silver tips ($125); 1 cuffbraeelet with turquoise
(1-1/4' x 1-3/4") ($150); 2 rings: silver & turquoise ($50 each).
American Indian Squash Blossom Necklace. 26". Center pendant with
horseshoe and 3 turquoise stones and I internal pendant. Double'beaded
with 12 blossoms of turquoise and silver. Signed with doUble T mark.
Necklace & Earrings Set. 16". Silver with turquoise; Modernistic swirls
with small turquoise centers. Includes earrings.
$75.00 Ladies Wristwatch. Smali dial; White gold; Benrus; 14k with gold filled
band.
$75.00 Ladies Wristwatch. Small square dial; Gruen; 14k yellow gold.
--' 101. $100.00 Pin. 2". Mo&nn free form design; Florentine and polished finish; Marked
14k.
~ dangling chains.ending in tiny seed pearls; Gold.
'~.. 105.
$50.00';Bmcelet. 8" long x 1" wide. 6 cabochon center stones surrounded by
silver design; Silver, Mexican; Chips to stones.
$100.00-Bracelet. 7-1/2" x 3/4" wide. Flame design divided by 3 balls; Mexican
'" silver; Signed "Victoria".
$50.00 Ring. Modem design; Silver with cabochon amythyst; Mexican.
Page 16 of 18
106.
107. '$250.00';
105. $100.00
110.
111.
/'
114.
rqlS.
116.
117.
$200.00. 'Ring. 3 diamonds; Center stone approximately 12 points; Side stones
.... ' ....approxin~tely 8 points; 18k'white gold setting.
2 Rings. I lgk diamond band, c. 1920 ($150); 1 small 3 diamond and 4
amythyst ring each approximately 4 points ($100).
Charm Bracelet. Gold filled chain With 7 charms including pRcher and
cup & saucer. T. S. N. charm; Most gold.
$325.00 Charm Bracelet. 14k gold chain with 11 charms- most gold; some 10k;
22 dwt total.
$1,25.00 Charm Bracelet. Gold large link chain and man on mOOn charm. '5
charms total.
$100.00 Charm Bracelet. Small gold chain; 6 charms including Bell telephones.
Most gold.'
$200.00
Man's Wristwatch. 1-1/2" round.dial; Signed "Girard-Perregaux
Gyromatic". Gold hour indicators; Sweep second hand; Case marked "14k
Gold".
$300.00
Man's Wristwatch. 1" x 1-1/2" rectangular case, including lugs. Dial
marked "Gruen"; Curvex Precision; Painted dial with applied gold hour
markers. Case marked "Green"; 14k gold.
$100.00
Pocket Watch. 2-1/4" diameter. Hunter case; Porcelain dial signed
"American Watch Co"; Lever set- "Foggs Patent"; Serial # 1060376;
Waltham Watch Co". Working condition; Gold filled case; Worn.
$350.00
Pocket Watch. Open face; Men°s swing out case. Dial marked Stem Set
Hamilton; Subsidiary seconds; "Hamilton Watch Co. Lancaster PA. 17
jewels. # 914", 14k case; Working conditiom
$300.00
Pocket Watch- 2" open face; Screw back case; Lever set;-Dial marked
.minois". Subsidiary seconds; Works 'qSunn Special. 161 A"; Motor
barrel sixty hour; Double rollers; Adjusted & temp. six positions. Illinois
Watch; 21 jewels; 10k gold filled case; Working condition.
$225.00'
Ladies' Pocket Watch. 1-3/8" Hunter case; Porcelain dial marked
"Waltham". Stem set; Subsidiary seconds; 14k case with diamond quilt
design.
$700.00 Man's Diamond Ring. (See attached Henderson & Co. Jewelers appraisal
Page 17 of 18
119.
~120.
$100.00
$15,000.00
$49,157.00.
for.detailed description.)
White Gold Fashion Ring..(See attached Henderson & Co.' Jewelers
appraisal for detailed description.),
Platinum & Diamond Engagement Ring. (See attached HenderSOn & Co.
Jewelers appr~sal for detailed description.)
Total
Page 18 of 18
This estate Jewelry.appraisal was prepared by
Henderson & Co. Jewelers, Inc.
Windsor Park Shopping Center
'Mechanicsburg, PA.17050
phone (717) 766-7771
For:
The estate of Jeanne Schaufert
c/o Scott L. Schaufert
6 Boxwood Lane~
Camp Hill, PA 1 7011
The appraisal was prepared February 7,' 2002.
The price of gold was approximately $297.00 per ounce,
platinum was $454.00 per ounce.
The following equipment was used in preparing this appraisal:
Binocular Microscope
Color Master Stones
DialGauge
Electronic Scale
Table 'Gauge
Refractometer
Gemological Institute of America, no. 3561240.
~P ~a~~-~
G.I.A. grading terminology was used inpreparing .s a .isa1.
This appraisal was prepared for estate purposes only.
The values given represent a fair price that the items could
be expected to bring in a reasonable time period if sale was
necessary to settle the estate. This is based on prices obtained'
for similar items in our area at the time this appraisal was
prepared, or recent auction prices for similar items.
This appraisal does not represent an offer to buy, nor does
Henderson & Co.' have any stake in these items.
MAN."S DIANOND RING
This ring 'is an engraved "Belcher Sty1e" mounting in yellow
gold (stamped 10k}. The mounting, is of cast construction.
ToP pOrtion of ring is 10.5 mm wide tapering to.2.8 mm. at the
'back. A single round diamond is set in six prongs.
DIAMOND= One Round Old European Cut. Natural Diamond
Dimensions: 6.18 mm t° 6.31 mm, 6.245 mm average. 4.22 mm
depth
Weight= 1.00 carat by formula
Clarity: 13
Color= M
Comments: This diamond has heavy inclusions. One cleavage
plane runs through stone. Some inclusions break the surface.
The uneven girdle is very thin to heavy. The table is small
and irregular. The culet, is large. Condition of ring is very
good. Total weight of mounting and diamond is 3.7 dwt.
Estate Value .......................................... $700.00
t
~IT~ f-,OL~ FASHION RING
This 14 karat (stamped} white gold filigree style lady's ring
has a large simulated amethyst bezel set On the top. Re ring
has a rose gold and green gold flower at the ends of the stone
(N-S}. A yellow gold bowtie with black and red enamel trims
the stone on the sides. At one time, a string of seed pearls
was strung around the top. Approximately.seven pearls were
found at each corner. At present, ten ~emain.
Simulated Amethyst= One Emerald Cut synthetic
(Sapphire} Colored to imitate Amethyst.
Doubly Refractive 1.752-1.770
Condition of ring= Good
Total weight of mounting and stone= 2.7 dwt
Corundum
Estate Value ·
.......................................... $100.00
PLAT~N~JM AND DIAMOND ENGAGI~,~'NT RING
This multi-stone diamond ring (circa 1920) is made of 900
platinum 100 iridium alloy (stamped), Twenty small round
diamonds .and two marquise shaped diamonds are bead'set into
the shoulders of this ring. A single round diamond is held
in the center by four low, heavy prongs.
MAJOR DIAMOND: One Round Early Brilliant Cut Natural Diamond
Diameter: 8.86 to 8.94 mm, 8.9 average
Depth: 5.5 mm
Weight: approximately 2.66 carat by.formula
Clarity: VVS9 ·
Color: approximately I-J
Comments: This'diamond. has a 54% table facet. The proportions
are very good. Symmetry and finish are good. One small natural
is found on'the girdle. Several extra facets and two very
small.chips are also viSible under magnification. The frosted
girdle is thin to medium.
Condition of ring: One side stone does not match. Prongs
on one round side stone have been built up with white gold.
Center prongs re-built .with platinum.
Side Diamonds: Two Marquise Cut, 20 Round Brilliant Cuts
Marquise DiamOnds: Two
Dimensions: 3.75 mm X 2 mm
Weight: approximately .075 ct each, .i5 ct t.w.
Clarity: VS
Color: approximately H-I
Round.Diamonds: Twenty Round Brilliant Cuts
Diameter & Weights:
14- 1.3 mm, .01 ct each, .14 ct t.w.
2- 1.5 mm, .015' ct each, .03 ct t.w.
4- 1.7 mm, .02 ct each, .08 ct t.w.~
Total Weight of Round Side Stones: .25 ct
Clarity: I. to VSA, average. SI1
Color: approximately H-I
Total Diamond Weight: 3.06 carat
Total' Weight Of mounting & diamonds:
2.5 dwt
Estate Value ' ' $15,000 00
OMB NO. 2502-0265 ~"
B. TYPE OF LOAN:
A. 1.r-~FHA 2.[-]FmHA 3.~--[CONV. UNINS. 4.['-~VA 5. J'"JCONV. iNS.
U.S, DEPARTMENT OF HOUSING & URBAN DEVELOPMENT 6, FILE NUMBER: J 7. LOAN NUMBER:
SETTLEMENT STATEMENT DURG~N ·
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8. MORTGAGE INS CASE NUMBER:
I C. NOTE: This form Is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown.
Items marked "[POC]° were paid outside the dosing; they are shown here for informational purposes and are not included in the for·Is.
1.0 3~8 t Du rgln.p fd/D U RGIN/? )
D. NAME AND ADDRESS OF BORROWER: E. NAME AND ADDRESS OF SELLER: F. NAME AND ADDRESS OF LENDER:
~CAROL P. DURGIN and ESTATE OF JEANNE L. SCHAUFERT
[DONALD W. DURGIN
5 HIGHLAND DRIVE
CAMP HILL, PA 17011
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I lo. PROPERTY LOCATION: H. SETTLEMENT AGENT: 25-1857112 I. SETTLEMENT DATE:
5 HIGHLAND DRIVE Midstate Abstract Company
CAMP HILL, PA 17011 May 15, 2002
I CUMBERLAND County, Pennsylvania PLACE OF SE'I-I'LEMENT
2331 Market Street
' Camp Hill, PA 17011
J. SUMMARY OF BORROWER'S TRANSACTION K. SUMMARY OF SELLER'S TRANSACTION
ii00. GROSS AMOUNT DUE FROM BORROWER: 400. GROSS AMOUNT DUE TO SELLER:
~ II01. Contract Sales Price 119,000.00 401. Contract Sales Price 119~000.00
~ =102. Personal Property 402. Personal Property
103. Sefflement Charges to Borrower (Line 1400) 2,334.25 403.
_ 104. 404.
· ~105. 405.
mi Adjustments For ltems Paid By Seller in advance Adjustments For ltems Paid By Seller in advance
1 1106. City/Town Taxes to 406. City/Town Taxes to
107. County Taxes 05/15/02 to 01/01/03 273,28 407, County Taxes 05/15/02 to 01/01/03 273.28
108. SchoolTaxes 05/15/02 to 07/01/02 143.10 408. SchoolTaxes 05/15/02 to 07/01/02 143.10
· ~109. Sewer & Refuse Pro Ration 05/15/02 to 07/01/02 34.86 409. Sewer & Refuse Pre Ration 05/15/02 to 07/01/02 34.86
· 1110. 410.
Illl. 411.
112. 412.
~ ~20. GROSSAMOUNTDUEFROMBORROWER 121,785.49 420. GROSSAMOUNTDUETOSELLER 119,451.24
~ !00. AMOUNTS PAID BY OR IN BEHALF OF BORROWER: 500. REDUCTIONS IN AMOUNT DUE TO SELLER:
~ ~01. Deposit or earnest money 3,000.00 501. Excess Deposit (See Instructions)
202. Principal Amount of New Loan(s) 502. Settlement Charges to Seller (Erie 1400) 8~435.00
203. Existing loan(s) taken sublect to 503. Existing loan(s) taken subject to
~ ~04. 504. Payoff of first Mortgage
~ ~05. 505. Payoff of second Mortgage
~ 1~06. '506.
207. 507. (Deposit disb. as proceeds)
208. 508.
· j~09. 509.
~ Adjustments For Items Unpaid By Seller Adjustments For Items Unpaid By Seller
~ Jrt0, City/Town Taxes to 510. City/Town Taxes to
- ~11. County Taxes to 511. County Taxes to
212, School Taxes to 512. School Taxes to
· itl3. 513.
! 1~14. 514.
! 1~15. 515.
' 216. 516.
217. 517.
· 218. 518.
~ 119. 519.
~ ~t20. TOTALPAIDB¥/FORBORROWER 3,000.00 520. TOTALREDUCTIONAMOUNTDUESELLER 8,435.00
300. CASH AT SETTLEMENT FROM/TO BORROWER: 600. CASH AT SETTLEMENT TO/FROM SELLER:
~ ~301. Gross Amount Due From Borrower (Line 120) 121~785.49 601. Gross Amount Due To Seller (Line 420) 119,451,24
~ ~02. Less Amount Paid By/For Borrower (Line 2201 ( 3,000.001 602. Less Reductio,ns Due Seller ILine 520) 8,435.00
I ~03. CASH( X FROM)( TO)BORROWER 118,785.49 603. CASH( X TO)( FROM)SELLER 111,016.24
The undersigned hereby acl,~o~ledge receipt of a completed copy of pages 1&2
I Borrower ~~//~~
DONALD W.
of this statement & any attachments referred to herein.
Seller
L. SETTLEMENT CHARGES
i 700. TOTAL COMMISSION Based on Price $ (~ % 7,140.00 PAtDFROM PAID FROM
· Division of Commission (line 700) as Follows: aORROWER'S SELLER'S
· 1 701. $ 3,595.00 to ERA-NRT, INC. FUNDSAT FUNDSAT
702. $ 3,545:00 to HOWARD HANNA DETWEILER SEm. EUEN¥ SETTLEMENT
703. Commission Paid at Settlement 7,140.00
· 704. to
· 800. ITEMS PAYABLE IN CONNECTION WITH LOAN
~= 801. Loan Ori~llnation Fee % to
802. Loan Discount % to
,~ 803. Appraisal Fee to
· 804. Credit Report to
· 805. Lender's Inspection Fee to
· a, ~806. Mortgage Ins. App. Fee to
807. Assumption Fee to
,,. 808.
· B09.
· 810.
w~811.
908. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
I~ 901. Interest From to @ $ /day ( days %)
· 902. MIP Totlns. for LifeOfLoan for months to
· 903. Hazard Insurance Premium for 1.0 ~/ears to
~ '904.
905.
~ 1000. RESERVES DEPOSITED WITH LENDER
· 1001. Hazard Insurance months (~ $ per month
· ~,1002. Mortgage Insurance months ~ $ per month
1003. City/TownTaxes months ~ $ per month
1004. County Taxes months ~ $ per month
~ 1005. SchooITaxes months @ $ per month
· 1006. months ~ $ per month
· t007. months @ $ per month
1008. months ~ $ per month
'1100. TITLE CHARGES
~ 1101. Settlement or Closing Fee to
· 1102. Abstract or Title Search to
· 11103. Title Examination to
1104. Title Insurance Binder to
1105. Document Preparation to
· M106. Closing Service Letter to
~ 1107. Attorney's Fees to
· (includes above item numbers:
1108. Title Insurance to MIDSTATE ABSTRACT 953.75
(includes above item numbers.1102, 1103 & 1104 )
,a 1109. Lender's Coverage $
· 1110. Owner's Coverage $ 119,000.00
· [1111. Endorsements 100. 300, 8.1
-- 1112. Notary Fee to Cash 5.00!
1113. Notary Fee to Cash 5.00
· 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES
~ 1201. Recording Fees: Deed $ 25.50; Mortgage $ ; Releases $ 25.50!
· t1202. City/County Tax/Stamps:Deed 1~190.00; MortQage 1,190.0C
1203. State Tax/Stamps: Revenue Stamps 1,190.00; Mortgage 1~190.00
1204.
~ ~205.
~ 1300. ADDITIONAL SE'i-FLEMENT CHARGES
· 11301. Survey to
1302. Pest Inspection to TRITON 35.0~
1303. Transaction Fee to HOWARD HANNA DETWEILER ~ ~f/~ 125.0~
i~1304' Transacfi°n Feel305. to ERA-NRT, INC. i~n I ~ ~,~/ 100.00
~1400. TOTAL SETTLEMENT CHARGES {Enter on Lines t03, Section J and 502, Se K~ .... 2,334.2.~ 8,435.00
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( DURGIN / OURGIN I ? )
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WHEREAS, on the 15th
Decembe~ 10th 1996
REAGER & ADLER ~002
Register of Wills of CUMBERLAND County, Pennsylvania
Certificate of Grant of Letters
No. 2002-00040 PA No. 21-02-0040
ESTATE OF SCHAUFERT JEANNE L
Late of LOWER ALLEN TOWNSHIP
Deceased
Social Security No. ~82-22-6594
day of January
& October 26th 1998
2002 instruments
were admitted
to probate as the last will and codicil of SCHAUFERT JEANNE L
late of LOWER ALLEN TOWNSHIP , CUMBERLAND county, who died on the
12th day of December 2001 and,
WHEREAS, a true copy of the will & codicil as probated is annexed hereto.
iTHEREFORE, I, MARY C. LEWIS , Register of wills in and for
ihe County of CUMBERLAND in the Commonwealth of Pennsylvania, hereby certify
that I have this day granted Letters TESTAMENTARY
I.o SCHAUFERT SCOTT LIVINGSTON
who has duly qualified as Executor(rix)
Ind has agreed to administer the estate according to law, all of which fully
.appears of record in my Office at CUMBERLAND COUNTY COURT HOUSE,.
IARLISLE, PI~'NSYLVkNIA.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal
i~f my Office the 15th day of January
2002.
**NOTE** AI~L NA~{ES ABOVE APPEAl{ (LA~T, FIRST, MIDDLE)
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REAGER & ADLER
~]003
LAST WILL AND TEST/~MENT
OF
JEP~R~E L. 8CH~UFERT
I, ~ L- SCH~UFERT, of Camp Hill, Cumberland county,
Commonwealth of Pennsylvania, which I declare to be my domicile, do
hereby make, publish; and declare this to be my LAST WILL AND
TESTAMENT, hertby revoking all Wills and Codicils at any time
heretofore made by me.
FIRST; FAMILY. I have two (2) children: ERIC MARTIN SCHAUFERT
and SCOTT LIVINGSTON SCHAUFERT,. hereinafter referred to as my
"children" or "sons". The term "children", as u~ed in this Will,
shall refer to all of my natural children, adopted children and
stepchildren. As used in this Will, ~he term "issue" refers to all
lineal descendants of the indicated person of all generations, with
the relationship of parent and child at each generation determined
by the definition of "children" set forth in this paragraph. Any
reference to my childrens' children, my "grandchildren", in this
Last Will and Testament shall mean and refer to the natural born
children, adopted children and stepchildren of my children.
BECOND: SPECIFIC DEVIBES. I ~pecifically devi~e to ELIZABETH
ZEIGLER of 151 Beuder Circle, Morgan Hill, CA 95037 the sum of
Twenty Thousand Dollars ($20,000.00). I specifically devise to
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REAGER 8; ADLER ~}004
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ANDREA WHITAKERof 1211 Bell Road, Apartment 148, Antioch, TN 37013
the sum of Twenty Thousand Dollars ($20,000.00)
THIRD: DISPOSITION OF TANGIBLE PERSONAL PROPERTY. I give all
tangible personal property (except Cash on hand), including, but
not limited to, personal effects, automobiles, furniture,
furnishings, household goods, clothing, and jewelry owned by me at
the time of my death, and not otherwise disposed of herein, to my
children or in the event that a child of mine is not living, then
to that child's surviving spouse.
I direct my executor to divide my tangible personal property
into two parts. The first part shall contain all items that my
executor determines, after consulting with the beneficiaries of the
tangible personal property, to be of no present or future value or
use to my beneficiaries. My executor shall dispose of the first
part by sale, abandonment, destruction, or gift to any charity or
person. The proceeds of any sale shall be added to my residuar~
estate. All property in the second part I give to my children, or
in the event that a child or children of mine is not living, then
to their surviving spouse.
I direct that any expense~ incurred in obtaining possession,
appraising, safeguarding, delivering, or selling such property be
paid from my estate as an a~minlstration expense.
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REAGER & ADLER
~]005
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FODRT~: DISPOSITION OF RESIDUARY ESTATE. A. In the event that
both of my children are living .at the time of my death, I leave all
of the rest, residue and remainder of my estate to my children, in
equal shares.
B. In the event that my child, ERIC MARTIN SCHAUFERT shall
predecease me, I give and bequeath a share of my residuary estate
to the children of ERIC MARTIN SCHAUFERT, to be divided among them
equally, which share is equal to the remainder of the Trusts.
established in the will of my late husband~ HARRY R.' SCHAUFERT less
any life insurance proceeds with Valley Forge Insurance, Co. paid
on the l~fe of ERIC MARTIN SCHAUF~.RT at the time of his death. In
the event that the amount calculated above is greater than or equal
to the amount in my residuary estate then the entire amount of my
residuary estate shall be conveyed to the children of ERIC MARTIN
SCHAUFERT. Any remainder of my residuary estate shall then be
divided into two equal shares. The first share shall pass to the
then living issue of my son, ERIC MARTIN SC~AUF~RT, per stifles,
and the second share shall pass to my son, SCOTT LIVINGSTON
SCHAUFERT, or in the event that he has predeceased me then to his
then living issue, per stirpes.
C. In the event neither of my children are living on the date
of my death, I give and bequeath the amount of my residuary estate
which shall be equal to the proceeds of the previously mentioned
Trusts under the Will of my late husband, passing to the then
living issue .of my son, SCOTT LIVINGSTON. SCHAUFERT, less any life
insurance proceeds with- Valley Forge Insurance, Co. paid on the
l~fe- of ERIC MARTIN SCHAUF~.RT at the time of his death, to the then
living issue of my son, ERIC' MARTIN SCHAUFERT, per stirpes. The
reth~i~ev~n~fL~s~ytie~e shall then pass to my childrens'
-grandchildren''), who are entitled to a share is under the age of
_
provisions of Article "FOURTH" of this Will, I direct .that:
A. With respect to any a~ount received in trust on
_
behalf of the children of my child (my "grandchildren") under
__
separate trust for that grandchild, and shall administer and
1. Until that grandchild' reaches the age of
trustee shall to or apply for the benefit
twenty-one
pay
of that grandchild so much of the net income of the trust as my
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trustee shall deem necessary or advisable to provide for that
grandchild's support, maintenance, health and education (including
higher or special education). My trustee shall accumulate any
income not so distributed and shall .add the same to principal
annually.
2. After that grandchild reaches the age of twenty-
one (21) and until that grandchild reaches the age of thirty-five
(35), my trustee shall pay to or apply for the benefit of that
grandchild all of the net income of the trust in quarterly or more
frequent installments.
3.. My trustee shall distribute to that grandchild
one-third (1/3) of the trust principal when that grandchild reaches
age twenty-five (25) an4 one-half (~) of-the trUSt principal when
that grandchild reaches the age thirty (30).
4. I authorize my trustee to pay or apply
principal of the trust, at any time, to or for the benefit of that
grandchild, even to the point of exhausting trust principal, in
such amounts as my trustee, in its absolute discretion, deems
necessary or advisable to provide for the support, maintenance,
'hk and special education) of
health and education (including gher'
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that grandchild. For example, b~t not by way of limitation, my
trustee may pay or apply trust pri~cipal,.in my trustee's absolute
discretion, ~or expenses cus=omarl y related to obtaining an
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REAGER & ADLER ~008
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education at any academic level, for wedding expenses for that
grandchild, to assist that grandchild in purchasing a primary
residence, to assist that grandchild in purchasing a business, or
to assist that grandchild in entering a trade or profession. In
determining the amount of principal to be disbursed, my trustee
i shall take into consideration any other resources available to that
grandchild.
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5. When that grandchild reaches age thirty, five
(35), the trust shall terminate and my trustee shall distribute to
that grandchild all of the trust assets remaining on hand.
6. If that grandchild dies before reaching age of
thirty-five (35), my trustee .shall distribute the trust in
accordance with my grandchild's Wi11'or in the event there is no
Will then to his or her living issue, per stirpes; or, in default
of such issue, to the persons who would be entitled to inherit from
me under, the Pennsylvania intestate laws as if I had then died
intestate.
SIXTH= I~'LR &~INST PERpRTUITIE8,. Notwithstanding anything in
this Will to the contrary, I directthat no trust created hereunder
shall continue for a period longer than permisslble under my
domiciliary state's Rule Against Perpetuities, and upon the
expiration of such period, each such trust shall terminate and the
assets thereof shall be distributed outright to those persons then
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in being who would be entitled to receive the trust principal from
that trust at the time of the termination specified.
S~v~x~= MERGER OF TRUBTS. If at the termination of any trust
created under this Will any part of the trust principal is to be
distributed to a person who shall then be the beneficiary of any
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Other trust created under this Will, I direct that such person's
part of the trust principal be added to his or her trust, to be
administered and distributed as an integral part thereof.
EIGHTH: POWERS OF ADMINISTRATION. I confer upon my executors
and upon any trustee serving under this Will all powers granted to
fiduciaries under the laws of the Commonwealth of Pennsylvania,
whether my estate is administered in the commonwealth of
Pennsylvania or elsewhere.
In addition to the powers granted by law, I authorize my
executors or other legal representatives of my estate and any
trustee serving under this Will:
A. To accept additions to my estate or to any trust
under my Will from any source.
B- To acquire, the remaining undivided interest in
property of my e~tate or trl/st in which my executor or trustee, in
fiduciary capacity, holds an undivided interest.
C. To invest and reinvest the assets of my estate or
any trusts created under this Will in securities or in real or
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personal property, whether within or outside of Pennsylvania or the
United States, without the need for diversification as to kind or
amount and without being limited to investments authorized by law
for fiduciaries. More specifically, but not by way of limitation,
I authorize and empower such executors or trustee to:
1. Invest in discretionary common trust funds,
mutual funds, investment trusts, unsecured obligations, stocks,
bonds, and real estate.
2. Retain as long as such executors or trustee
deem proper any real or personal property or any Stocks, bonds,
notes or other securities
corporate fiduciary) which
subsequently acquired.
D.
(inclUding securities issued by my
I own at my death or which are
To effect and keep in force fire,
rent, title,
liability, casualty or other insurance to protect the property of
the estate or trust and to protect the fiduciary.
E. With respect to any property, real or personal, or
any estate therein owned by my estate or trust, except where such
Property or any estate therein is specifically disposed of:
1. To take possession of, collect the rents from
and manage the same.
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REAGER & ADLER ~011
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2. To sell the same at public or private sale, and
upon such terms and conditions, including credit, as to my
fiduciary shall seem advisable.
3. To lease, mortgage, partition, or subdivide~he
s~me, even where the terms of such lease or mortgage shall extend
beyond the administration of my estate or the term of any trust.
4. To abandon property which does not ha~e
sufficient economic value, in my executors' or my trustee's
judgment, to make it worth protecting.
5. To repair or improve the same.
6. To grant options for the sale of same for a
period not exceeding six (6) months.
F. With respect to any mortgage held by the estate or
trust, to continue the same upon and after maturity, with or
without renewal extension, upon such terms as the fiduciary deems
advisable, or to foreclose, as an incident to collection of any
bond or note, 'any mortgage securing such bond or note, and to
purchase the mortgaged property or acquire the property by deed
from the mortgagor in lieu of.foreclosure.
G. To employ any bank or trust company incorporated in
the ~tate of my domicile, any national bank located in the state of
my domicile or any private-banker duly authorized to engage in
business in the state of my domicile as custodian of any stock or
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other securities held as fiduciary, and the cost thereof, except in
shall be a charge upon the
the case of a corporate fiduciary,
estate or trust.
H. To cause any stock
registered and.held in the name of a nominee.
I. In the case of the survivor
or other securities to be
of two or more
fiduciaries, to continue to administer the property of the estate
or trust without the appointment of a successor fiduciary.
J. As substitute or successor fiduciary, to succeed to
all of the powers, duties and discretion o£ the original fiduciary,
with respect to the estate or trust, as were given to the orlglnal
fiduciary.
K. To contest, compromise or otherwise settle any claim
in favor of the estate, trust or fiduciary or in favor of third
persons and against the estate, trust or fiduciary, or to submit
the same to arbitration, without judicial approval.
L. with respect to any shares of Stock or other
securities owned by my executors or by any trustee:
1. To vote or refrain from voting, in person orby
proxy, discretionary or otherwise, such shares of stock or other
securities.
2. To pay calls, a~e~sments and any other sums
chargeable or accruing against or on account of shares of stock,
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REAGER & ADLER
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bonds, debentures or other corporate securities, whenever such
payments may be legally enforceable against the fiduciary or any
property of the estate or trust or the fiduciary deems payment
expedient and for the best interests of the estate or trust.
3. To sell or exercise stock subscription or
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conversion rights, participate in foreclosures, reorganizations,
consolidations, mergers, or liquidations and to consent to
corporatesales, leases and enc,~mhrances.
M. To execute and deliver agreements, assignments,
bills of sale, contracts, deeds, notes, receipts and any other
instruments necessary or appropriate for the administration of the
estate or trust.
I N. In the case of a trustee, to hold the property of
two or more trusts or parts of suc~ trusts created by the same
instrument as an undivided whole without separation as between such
trusts or parts, provided that such separate trusts or parts shall
have undivided interests and provided further that no such holding
shall defer the vesting of any estate in possession or otherwise.
O. To make distribution in cash, in kind valued at fair
market value of the property at the date of distribution, or partly
in each, without being required to make pro rata distributions of
such property.
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R~AGER & ADLER
Ig] 014
P. To pay all reasonable and proper expenses of
admin/stration from the property of the estate or trust, including
any reasonable counsel fees which the fiduciary may-incur.
Q. To employ and remunerate agents to perform necessary
services for the estate or for any'trust created thereunder such
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as, but not limited to, accountants, attorneys, investment
advisors, actuaries, appraisers and custodians.
R. To borrow in the name of my estate or trusts from
themselves or others and secure such'loans by mortgage, note, or
pledge, at prevailing rates of interest.
S. To claim administrative expenses of my estate either
as income tax deductions or as estate tax deductions, in my
executor's sole discretion, without regard to whether such expenses
are payable from income or principal, and without the necessity of
making adjustments or reimbursements between principal and income
or among the property interests of the various beneficiaries of my
estate'. I exonerate my executors from any liability arising from
the Claim of a beneficiary of my estate whose entitlement under the
terms of my Will has been diminished by my executors' elections.
T. To execute, file and' deliver proofs of claim or
receipts required to collect all policies of life insurance on ~y
life which name my e~tate or any trust created hereunder as
beneficiary; elect any optional modes of settlement available under
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REAGER & ADLER
~]015
such policies; receive, administer and distribute the proceeds of
such policies in accordance with the dispositive provisions of this
Will. The receipt of my executors or my trustee shall constitute
fu/1 acquittance to any insurance company, for policy proceeds paid.
U. TO terminate and distribute outright to the income
beneficiaries thereof the assets of any trust which, in the opinion
of my trustee, has become so small that it is uneconomic and not in
the best interests of the trust beneficiary or beneficiaries to
continue.
V. To allocate, in their sole and absolute discretion,
any amount of the exemption from generation skipping taxes allowed
under Internal Revenue Code, Section 2631(a), to property of which
I am the transferor, including property transferred during my
lifetime to which no allocation has previously been made, without
the necessity of making adjustment or reimbursement to any person
or trust as a result of such allocation.
: W. To combine trusts having substantially identical
terms and with the same beneficiary or beneficiaries, whether
created under the terms of my Will or my spouse's, to be
administered and distributed as a single trust.
X. To join with my surviving spouse or the executors of
my Will in the execution and filing of:
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RE , ER & LER
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1. A joint income tax return for any period prior
to my death.for which I have not filed a return and to agree as to
the apportionment of any joint tax liability.
2. A gift tax return on gifts made by my surviving
spouse and to consent to treat such gifts as being made one-half
(%) by me, for any period prior .to my death.
NINTH: DISTRIBUTION TO MINORS. If any of my Estate principal
or income shall vest in absolute ownership in a minor, my executors
shall have the authority, in my executor's discretion, and without
court authorization, to:
A. Hold and manage the Property and defer payment or
distribution of all or a part of the property to that minor until
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that m~nor reaches the age of eighteen (18) years. My executor,.in
administering this property, shall have all of the authority
granted to fiduciaries 'under Pennsylvania law, and under the
provisions of the previous Article of this Will.
B. Distribute part or all of the minor's prOPerty to a
custodian for the minor under the Uniform Gifts To Minors Act or
the Uniform Transfers To Minors Act of the jurisdiction where the
minor resides.
C. Select a custodian for the minor under the Uniform
=if%~ To Minor~ Act' or under the Uniform Transfers To Minors Act of
the jurisdiction where the minor resides without court order. My
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REAGER & ADLER
~017
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executor may select any fiduciary named in this Will as such
custodian without conflict of interest.
D. Distribute or pay part or all of the minor's
property to the minor's legal guardian, to the adult person or
persons with whom the minor resides, to the minor personally, to
the trustee of any trust created fort he sole benefit of the minor,
or to the administrator or executor of the minor's estate.
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~. Apply part or all of the minor's property for the
minor's health, education, maintenance, support or welfare. My
executor shall be entitled to be paid at the same rate as
testamentary trustees under the state law of my domicile for the
holding and managing of property pursuant to this Article of my
Will. My executor shall account in the same manner as trustee and
shall not be required to render or file annual accountings with
respect to the properties so held and administered for the minor.
Nothing contained in this Article shall operate to suspend the
absolute vesting of the share of ~any minor beneficiary of my
estate.
TENTHt PA%qW~T OF DE~TH TAXES. I direct that all estate,
inheritance, succession, trans£er or .other death taxes assessed by
any taxing authority, whether foreign or domestic, in respect of
all property taxable by reason of my death or by reason of the
inclusion of 'such property in my gross estate for estate tax
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16:14 FAX 717 7.~ '366 REAGER & ADLER
~018
I purposes, be without apportionment from my re;iduary estate.
However, the aforesaid notwithstanding, if, at the time
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of my death, I am the beneficiary of a qualified terminable
interest property (QTIP) trust, and the principal of that trust is
includible in my gross estate for tax purposes, it is my direction,
pursuan~ to the provisions of Internal'Revenue Code, Section 2207A,
that my executor or the trustee of such trust withhold from the
shares of the remaindermen of such trust an =mount by which the
estate tax in my estate exceeds the amount of the estate tax which
would have been payable had the trust property not been included in
my estate for tax purposes.
BLEVENTH:.PRESOMPTION IN C~E OF 8IMOLT~AT~OU8 D~T~. If any
person who may be interested in my estate dies at the same time as
I do or under such circumstances that there is insufficient
evidence to determine whioh of us died first, then it shall be
presumed that such person predeceased me.
TWELFTH: ~NTERPRET~TION. Throughout this Will I direct that
the term "give" shall be deemed to include the term "bequeath- or
"devise'' when appropriate.
THXRTEENTH: ~w. COTOR. I nominate and appoint my children,
ERIC MARTIN SCHAUFERT and SCOTT LIVINGSTON SCHAUFERT co-executors
of this, my Will.
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REAGER & ADLER
~019
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If my one of my children shall fail to survive me, shall
de=line to act, or having qualified shall, for any reason
thereafter, cease to act, he shall not be replaced. If both of my
children shall fail to survive me, I nominate and appoint David W.
Reager, Esquire as the successor executor in their place.
FOURTEENTH= TRUSTEE. I nominate and appoint my sons, ERIC
MARTIN SCHAUFERT and SCOTT LIVINGSTON SCHAUFERT, as the initial co-
trustees of any trust created under this Will. If either of my
sons Shall not serve as co-trustee for any reason or shall cease to
serve as co-trustee for any reason, he shall not be replaced. If
both of my sons, ERIC MARTIN SCHAUFERT and SCOTT LIVINGSTON
SCHAUFERT, shall not serve as co-trustee for any reason, or shall
cease to serVe as co-trustee for any reason after having been so
appointed, then their successor shall be DAUPHIN D~POSIT BANK. In
regard to the above nomination of co-trustees, the following shall
apply:
A. A co-trustee may at any time or from time to time by
instrument in writing executed by the co-trustee and delivered to
the other co-trustee, delegate to the other co-trustee all of the
powers conferred on or otherwise vested in the co-tru~tee$ jointly.
The written instrument evidencing an exercise of this right of
delegatlon shall contain a statement as to the period of time
during whi=h the delegation shall be effective. On the expiration
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07/11/2002 16:15 FAX 717 730 7366
REAGER & ADLER ~020
of the delegation period, the co-trustee shall be restored to their
original position in the administration of the trust estate. A co-
trustee executing a delegation of powers as described shall incur
no liability or responsibility whatsoever for any loss or other
consequence to the trust estate that may result from any action or
inaction of the co-trustee during the period that the delegation of
authority is in effect.
B. ,Any co-trustee may resign from the position of
trustee by executing a written resignation an~ delivering it to the
other co-trustee, and the successor co-trustee. The date of
delivery of the resignation shall be the effective date of the
resignation. NO court action or other proceeding ~hall be ·
necessary for the resignation of a co-trustee.
C. A person shall be disqualified from acting as a
trustee (1) if found by a court of Competent jurisdiction to be
incapacitated; or (2) if, on receipt of a written request from an
adult beneficiary or a co-trustee or successor co-trustee of the
trust for a written certification from a qualified physician that
upon examination the physician finds the person mentally or
physically capable of properly handling his or her business
affairs, the person ~oes not obtain a written certification within
thirty day= after receipt of the request.
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I/EAGER & ADLER I//]021
this Will.
No bond shal~ be required of any co-trustee named in
Every title, estate, right, authority and discretion
vested in or conferred on any initial co-trustee under this Wi 1 1
shall likewise become and be vested in and may be exercised by any
successor trustee.
FIFTEENTH: I direct that no executor, trustee or
other legal representative of my estate shall be required 'to
furnish any bond or other security in any jurisdiction.
IN WITNEBS WHEREOF, I have.hereunto set my han~ and seal to
this, my Last Will and Testament, consisting of nineteen
(19)typewritten pages, the first eighteen(18) of which bear my
signature in the margin for the purpose of identification, this
10th day of December, 1996.
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.I , sl~c~\s~J~auf r,{.ufl. ,. .. " r
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I S~gned, sealed, published and declared by the above-named
Testatrix, JEANNE .L. SCHAUFERT and as for her Last Will and
I Testament, in the sight and.presence of us, who, at her request, in
her sight and presence and in the sight and presence of each other,
I have hereunto subscribed our names as Witnesses.
COUNTY OF CUMBERLAND ) .
I I, JEANNE L. SCHAUFERT, THE TESTATRIX, WHOSE NAME IS SIGNED TO
THE FOREGOING INSTRUMENT, HAVING BEEN DULY QUALIFIED ACCORDING TO
LAW, DO HEREBY ACKNOWLEDGE THAT I SIGNED AND EXECUTED THE
I INSTRUMRNT AS ~Y LAST WILL AND TESTAMENT; THAT I SIGNED IT
WILLINGLy ,V ' AND THAT I SIGNED IT AS MY FREE AND VOLUNTARY ACT FOR
om os] s ZYm SSED. '
I SCHAuFSW]~OOTI~ ~HREATF[SITAT~i~OTH/~isD ACKNOWLEDGED BEFORE ME BY JEANNE L.
I Camp Hill Bore, Cumberland Court[3,
I [ Deborah L. Brenr. eman. Notary Public
I Mv Como'iission Expires ,June 18. 1998
k ;;",":~r P.'.,'~m"'.;-'vc,'~,,'~.~."' ~'c~-~-hon nt Nola~i.~
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07/11/2002 16:16 FAX 717 730 7366
REAGER & ADLER ~ 0~3
· C~,~ONW~ALTH OF P~NNSYLVANIA- ) .- .r.,
: SS: ·
co~ oF ~~D )
THE WITNESSES ~OSE N~S ~ SIGNED TO THE FOR~ING INS~~,
BErG D~Y QU~IFI~ AC~~G TO ~W, DEPOSE ~D SAY ~T ~ ~
P~S~T ~D ~W THE AFO~SAID TESTAT~X SIGN ~ ~EC~E ~
INSTR~T AS HER ~ST WI~ ~ TESTAT; ~T S~ SIG~
WILLINGLY ~ T~T SHE ~XE~TED IT AS H~ FREE ~ VOL~T~Y A~
FOR ~ P~OSES ~IN E~SS~D; T~T ~CH OF US IN THE H~ING
~D SIG~ OF T~ TESTA~IX SIGNED THE WILL AS WITNESSES; ~D ~T
TO TH~ BEST OF O~ ~O~EDGE THE TESTAT~X WAS AT ~ T~ EIGHTEEN
(18) OR MORE Y~ OF AGE, OF SO~ MI~ ~D ~ NO ~NS~I~ OR
~ INFL~C~.
SWO~ OR AFFI~ TO ~ S~S~IB~ TO BEFO~ ~, THIS
10TH DAY OF DEC~R, 1996.
/,Witne~
Notarial Seal
Deborah L. Brennaman. N~a~ Public
Camp Hill Bor[~, Cumberland Coufl~
~.~y Commission Expire~ June 18.1998
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07/11/2002 16:16 FAX 717 730 7366
· (~c~ober 26, 1998
REAGER & ADLER
FIRST CODICIL
OF
JEANNE L. SCHAUFERT
21-02-40
~]024
I, JEANNE L. SCHAUFERT, of Camp Hill, Cumberland County, Pen--~ylvania, being of
sound and disposing mind, memory and understanding, do hereby make, publishand declare this my
fn'st Codicil'to my Last Will and Testament dated December 10, 1995.
I. Paragraph "SECOND" of my Last Will and Testament entitled "SPECIFIC DEVISES" is
hereby revoked and the following is substituted in its place:
SECOND: SPECIFIC DEVISES, Provided my residuary estate exceeds $200,000,
I make the following two specifiC dcvise~:
A. I specifically devise to ELIZABETH ZEIGLER of 151 Beuder Circlo,
Morgan Hill, California 9:5037, thc sum of Twenty Thousand Dollars
(s2o,ooo.oo).
B. I specifically devise to ANDREA WHITAKER of 1211 Bell Road,
Apartment 148, Antioch, Tennessee 37013, the sum of Twenty Thousand
Dollars ($20,000.00).
II. Paragraph "FOURTH" of my Last Will and Testament entitled "DISPOSITION OF
RESIDUARY ESTATE" is hereby revoked and the following is substituted in its place:
FOURTH: DISPOSITION O1~ RESIDUARY E$~A~E. The residuary of my
estate shall be distributed as follows:
A. In the event that both of my children are living at the time of my death, I
leave all of the rest, residue and remainder of my estate to my children, in
equal shares.
B. In the event either of my children shall predecease me, I give and bequeath
one-half of his sham outright to his wife and the remaining one-half to his
children in equal shares.
C. In the event any children.of my child (my "grandchildren"), who are entitled
to a share is under the age of twenty-five (25) years, their share shall be held
ne L. Schaufert
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07/11/2002 16:16 FAX 717 730 7366 REAGER & ADLER ....
~1025
IN TRUST, to be administered and distributed as provided in Article
"FIFTH" of this Will
HI. Paragraph "FIFTH" of my Last Will and Testament entitled "TRUST
GRANDCHILDREN" is hereby revoked and the following is substituted in its place:
FIFTH: TRUST FOR GRANDCHII.DRlgN. If my trustee shall receive any
amount on behalf of the children o£my child, pursuant to the provisions of Article
"FOURTH" of this Will, I direct that with respect to any amount received in trust on
behalf of the children of my child (my "grandchildren") under Article "FOUR.TH"
my trustee shall hold the amount received in a separate trust for that grandchild, and
shnll ~u'lminister and distribute that grandchild's share in the following manner:
A. Until that grandchild reaches the age of twenty-one (21), my trustee shall pay
to or apply for the benefit of that granrlv, hild so much of the net income of the
trust as my trustee shall deem necessary or advisable to provide for that
grandchild's support, maintellano¢, health sad education (including higher or
special education). My trustee shall accumulate any income not so
distributed and shall add the same to principal annually.
B. After that grandchild roaches thc ago of twcnty-onc (21) and until that
grandchild reaches the age of twenty-five (25), my trustcc shall pay to or
apply for the benefit of that grandchild all of thc net income of the trust in
quartcrly or more frcqucnt in~allmcnts.
C. I authorize my trust~ to pay or apply principal ofthc intst, at any time, to or
for the benefit of that grandchild, even to thc point of exhausting trust
principal, in such amounts as my trustee, in its absolut~ discretion, deems
necessary or advisable to provide for thc support, maintenance, health and
education (including higher and special education) of that grandchild. For
examplc,.but not by way of limitation, my trustee may pay or apply, trust
principal, in mytmstee's absolute discretion, for expenses customarily rclaled
to obtaining sa education at any academic level, for wedding expenses for
that grandchild,' to assist that grandchild in purchasing a pri~hary residence,
to assist that grandchild in purchasing a business, or to assist that grandchild
q'eanne L. $chaufert
]FOR
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,. dlb\~j~,~ l~\scb,=u£crt: cod
7366 REAGER & ADLER
~026
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Do
ao
in cntcring a trade or profession. In determining the amount of principal to
bc disbursed, my trustee shall take into consideration any other resources
available to that grandchild.
When that grandchild reaches age twenty-five (25), the trust shall terminate
and my trustee shall distribute to that grandchild all of the trust assets
remaining on hand.
If that grandchild dies before reaching age of twenty-five (25), my trustee
shall distribute the trust in accordance with my grandchild's Will, or in thc
event there is no Will, then to his or her living izsu¢, per stirpes; or, in default
of such issue, to his or her surviving brothers or sistm's equally or to their
living issue, p~ stirpes; or in default of such issue, to the pemons who would
be entitled to inherit from m¢ under the Pcnmsylvania intestate laws as if I
had then died intestate.
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Signed, sealed, published and declared by the above-named Testatrix, Jeanne L. Sehaafert,
as and for th~ First Codicil to her Last Will and Testament, in the sight and presence of us, who, at
her rexluest, in h~r sight and presence and in the sight and presence of each other, have hereunto
subscn'bcd our names as witnesses.
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07/11/2002 16:17 FAX 717 730 7366
· dlb \w,.t/1 s \s=~auf art:
o~t'ober 26,
REAGER & ADLER
027
COMMONWEALTH OF PENNSYLVANIA )
· SS.
COUNI'Y OF CUMBERLAND )
I, JEANNE L. SCHAUFERT, THE TESTATRIX, WHOSE NAME IS SIGNED TO TEIE
FOREGOING INSTRUMENT, HAVING BEEN DULY QUALIFIED ACCORDING TO LAW, DO
HEREBY ACKNOWLEDGE THAT I SIGNED AND EXECUTED THE INSTRUMENT AS THE Fn~ST
CODICIL TO 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.
SWORN OR AFFIRMED TO AND ACKNOWLEDGED BEFORE ME BY JEANNII L.
SCHAUFERT, ~ TESTATRIX TI-HS 26TH DAY OF OCTOBER, 1998.
~-~,~nne L. Schaufert, Testatrix
COMMONWEALTH OF PENNSYLVANIA ) o~ t_ n~,,~'nn,
COUNTY OF ~~ ) .~'. P~a.4ni,an= ~ ~,~
THE WITNESSES WHOSE NAMES ARE SIGNED TO THE FOREGO~G INSTRUMENT, BEINa
r~¥ Qu~ ACCORDn~a To raw, D~OSE ~ SAY TH,'.T w~ ~ ~
S.W V~ ~O~.Sm ~STAUUX Slaw ~ ~X~CU~ ~ INsu~vm'~,rr AS
CO~)~aI. rO ~.,~ LAS~ wn.~. ~ r~.s~'.~,~,rr; r,~ sI~ si~r, ',,au_i~a~.,,'
sI~ ~.x~c~rm tr AS I~ nU~ ,~ VO~~ .~ ~O~ ~ ~OS~S
W~ AT ~ ~ ~GH~ (18) OR MO~ ~8 OF AOX, OF SO~ ~
~o co~s~ oa ~m ~~.
SWORN OR AFFIRMED TO AND SUBSCRIBED TO BEFORE ME, THIS 26TH DAY OF
OCTOBER, 1998.
Page 4 of 4
87/11/2882 14:38 717237~387. ALLFIRST TRUST CO~4P~ PAGE
· "- ~'-~/
HARRY 1~. SCBAUFEAT '
!
I,. HARRY I.. 'SC~A~FII~T, a re~tden~ of C.a~ ~t11,
~ · Pen~ylvanta, do ~ke, ~ubltsh and declare ~hts ~o ~ ~ Las~
Will and T,mta~nt, hmr. by =evokZng all pr~o= WZlls and Codicils
heretofore rode ~ me.
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I ~ay~n~ of ~. and She expenses
I.
di~e~.
de~s
o~ ~ laa~~ L.llnesa~ end ~ufle~al ~om
~ death, aa ~n~nien~'lM may be done.
02
~.' g~'ve all.. my ~angible personal proper=y
I surance
- on. said:. ~aflgtble personal prope=~:y ~o my
I shares... Par~icula~ l~enm
It~hey agree..
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and any
spouse~ or
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I,T~' II.I, D!sPoaITION OF ESTATE,,T.O. TRUST
Ail '~he res=,, residue and remainder of my Es=are,
Iof' whatsoever n~=u=u'afld wheresoever st=ua~'ed, ~ha~ I' may own
I o= to wh£ch ~ may in. any way ~e en~i=led a~. the =~ne of ~
de~, includ~flq a~ lapsed or ~noun~d legacies or devises,,
, bu~ excludin9 any prope~ over whi~ I ~y have a ~owe= of.
appointment, refe=red =o }fl. ~his ~ Will as ~my residuary
eeta=o~', shall, be O~os~ of as roll, az"
It~: my spouse predeceases ~e.,. ~o
~o.n~
sofia,
~ARTIN. S~A~RT and. SCO~' L~I~S~N ~AUFERT, ~n equal
shall be. a~looated between ~ 'sons
07/11/2002 14:38 717237G307 'ALLFIRST TRUST ,CDMPA PAGE 03
1. Zf my. spouse, JEANN~ L. SCHA~F~-RT,. sU~vive~, me, I
i g~ve, devise, and bequeath my residuary
estate to my Trustees
hereina~'ter named, IN TRUST,. to hold, manage,, and invest
.. sam~, t:o collect: the income thereon, ahd to pay to, oz: apply
for the benefit of, my spouse the net. ~ncome thereof in quar-
~.e=Iy' or other convenient lflstallments~ but at least aflnu ally ,.
I fo= and. du=£ng ~'hG term o['.~f spous.e's, life.
In. addition, my Trustees may, at any time
'
time. to time, pay to;. 'om ,~pl~ fo~ the benefit of', my spouse ao
muoJr or slx of the p=incipaI o£ th~s. Trust aa sy Trustees.,.
I ~he£.m sole d~sc=e~ion-, deem neces~aL7 or des.lrable for the.
Isugpo==, main=enanc~,., educst£on: om health o~ my spous~o
= he~eb~, autho=ize ~f spouse., in.. her ifld£vidual
I ·
I !w~i~iag dully aek, rm~.~L~dged< and' de~£ve~ed., t~ nF Trustees°
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of eh-:i:s: t~ust to~ r. Ae ex=ent' o:~' F'[ve: 'Thousend: ($5,0Q0-..00)
DeSists o~ ~£ve (.St). pc=ceil=' o~ ~... V~lue of the princ~pa~l
of ~he ~=us.~ om =he. Iaat: day. o£ suc~ year~ whichever iS. ~he
grea~e= amoun=. Th~s .=~' sh&.I~ b~ nonce.la,ire. My sgouse's.
I T,=ust:ees shall com91y w£~h. ~he tom, o~ any ~ns.t=umen=. exe=c£s-
~ng' ~his p. owe= o~' M.£thdrawal ~£2hou=. any' duty to £nq. uLre into'
I .~ spouse"s: =eas'on~ 'therefor. ''
87/11/2882. 14:38 7172376.387 ALLFIRST TRUST COMPA PAGE
Upon~e death of my spouse, m~/T~u$Cees shall,
upon demand '~n w~tn~ b~ ~he ~xecu~o~ of he= escape, ~a~ ~o
the. S'xecu=o= from the ~ust principal an amoun= equal ko all
~e ~zecu=o~ de~na, o= if
succession
w~Ch
Ease=o= shall ~e no de,nd,, su~ pa~ ~he=eo~ as ~e
T~s~ees may lawfully ~ =~uired' =o pay ~ ~Y gove=nmen=al
04
authori=¥ imposing. Che...same.~
Upon the death of my spouse, ~hen and in' such
· event Chis. Trust shaII te=~na=e and ~he. remaining principal
oc ~ei= issue, pe~
· an~ hav~ ~e~= no. issue~,. ~e~ =he. =.e~.ln.~n~ p=incip~l, and'
I L. one-h.a/=' (.:];12:) unive.rs~.tY.'.
t:o. 'i-.eh£gh
loch'Cad £n B'ethIeh.em, P'ermsy.l=an.~.a
I Z'. One-~a.l~ (1/~)' ~o Co=ne11 ~nive~sl~y'
Pa=ag=apb 1,
1oc&Ce(~ in ~thaca-,. N~ ~o~k.
Ho~£~bs~andiflg' an~thlfl~ cont~ined' in..
if nfl. spouse renounces Ae= £nte=eSt. in any portion.
~haC po~:Cio~
I o£' the 'property pass,n( under this' Pa=ag=apb: L,
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87/11/2882 14:38 7172376387 ALLFIRST TRUST COMP/~ P/~GE
, : :,';' '~ , ....
shall flo~ pass u~der ~hls Paragraph 1
under, and be governed by, =he provisions, of Paragraph 2 of
~s Su~iv~s~on A. /.
.
' /
No~wl=hs~and~ng anything co~'~ained., tn. =his
"
Paragraph 1 ,. ~f a.reduc~ion of ~he ptop'e~
Xn~ t'he. ~ederal ese. ate Csx upon. my es=acs,..a~=et, a~flg ~.n=o
Iaccoun~ ail crsdX=s, allowable ag'a~ns= aha= ~ax., ~hen. ~he. said
shall be reduced' by ~he Xargest 'amount which will
end. be ~e~ed: ~, '~e. p~s.~ons of Para,apb 3' of
Su~vis. io~' A.. r~, de~e~lning~ ~ amoun= of any. reduce, on,
es~a~ sh'~l, conCmo~ w~ ali props=ry, pa~sin'g,, oc' w.hz~h sh~l~
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have passed, to:-or ~o: ~h., benefit: o£ ~ spouse,, under C~is my
~iI~ o~ ocAe~se be~, c~.en. ~'nCo-account,' S~ever~
=enuflcia~iom ~. ~. sgouSe of ~F ~nCetesC ~n: any.
Ires.£dua~, es=ate. ~hat,, but ~o= CAe renuncia.U£on.,, w0uld ~a.ve
passed, u.nde= ~he P=oV£sions, o~ aais: Parag=apk I,. shall no= be.
Ic:a~en: into accounC, £C, being, my. incen~ion =hac such dete=mina-
I' The reduction sh813; be de.-~i.d. & doiXa= anounc redu~on', anct
Icbs pL'ope~L-~ pas..sinc]' as & ~eaulC Cbs=eot to =he TcusC created
c£olt be sade o1% ~he assumpCXon that aheme was. no =enunciaC£on.
85
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£or the-purpose 0£ the £ederal estate tax on my. estate, the
ma=£ta-1 deduction Is not allowable, or"& credit for foreign
death taxes is a~'l~wa~rle, shall be allocated ~o ~he p.roperty
passing to the Trust created under: Paraq~:aph
Subdivision
Z~ is. my i'nCenc£on, that this Tcust quali£y for'
=ha mamiCal deduc~ion allowable in determining the ~ede~:al
esCa=e., tax upon my...esta.~e,, Accordingly,.. (a) I hecehy' direct
my Executor to. elec~ ~h'aC any. amount passing under =his' Pace-
graph 1 be ~rea=ed. as. qua. lif£ed ~e~uinable inCeres= propeCCy
~ ~h~ purpose o~' qp~IL~n~, ffo~ ~h~ ~CaI deduc~ion~.
(h% ~ he~e~ d~rec~ ~ha= no auCho=.izaC~on-, dl~eccionr o~ aCh'et
T~sC ~m- ~o. qua~2.g~ng, ehal~, appL~ $o this.'~sC~.' and
('~)=. = heceby~ eCa~e' ~aC i~ i~ ~ in~ncio~ ChaC any. ~u~
~v.~ne' Ju=i~dic~ion' over ~ls. ~ Wi~ ~nsCrue ~hie. ins==umenC
I. =hdc would otherwise have passed: under the p~ovisi.ons: of
Paragraph I of ~b~s ~ubd£v~sion A, ~ g~ve, devise, and bequea~
~'a= a~unC o=.POCCio~'of the p~pec~' to ~T~s~ees
a~=e= n~edt. ZN:~UST, ~.hOldr m~na~e-an~ ~flve~= ~e: s~e, Co
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07/11/2002 14:38 7172376387 ALLFIRST TRUST COMPA
· ! m,
coLlect"~:hm i.ncome~ereon, an~ ~o p~y to, O~a~ply ~or the
~enef~t of, ~ ~pouse 2he ne~ Income ~hereof in quarterly or
.other.' convenient inatallmen~s,, but at .least annually, for and
I during ~he term of my.-spouse's li£e.
PAGE 07
If ~he pti. helps1 og the Trus~ 'established under
the provisions, of ·paragraph I. o~ ~hi.s S'ubdiviaion A ts e~aus~ed
for any reason whatsoever, ~en, f~m and after such e~aus~ton,
~ Trus~.ees.. may, at any time'or from. time-t'o rime., pay
apply for ~h~ benefi~ of, my spouse so mu~ or all ~f ~e
~lpal of ~hia Trus~ as ~ Trustees, in ~hel= S01e. d~sc=e=ion,
deem necessary o= desirable-f~r ~h, suppo=~,' main~enanc,,
educa=i~: o= hen. ICh 'of ~. spouse..
Open ~he deaC.h ef'~ spouse, ~en 'and
e~.nC ~h:l~ T~aC she,II ~.e~mLna. Ce. and' CAe rema~nlfl~, princ~pa.~ .
efl~ anF accumla,cee or und~s. Cr~bu,~ed ~neom, s~ail ~e dis~r~b~ed
o= tAei= ~s'sue, p~
l~m ~'le e.v~nt:: both. of; m'l~' son. are no~ then. li~tn~
· ~' hav~ Ie~ no issue,· ~e~ ~he resining ~fl~ipa.1 and '
any, accumulated, cc Ufldis~r~b~ed~ income sh'a-ll be distributed
as £ollow. sz.
~. One-halff (I/2). =o. ~.ehigh onive=s£ty
· lees=ad in aetJaleh.emr. Pennsylvania
Z... O~e-ho~L~ (1/2} to Co~neL~ Unive=st~y
Io~L~ed iA l~haca,. New. York.
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87/11/2882 14:38
7172376387 ALLFIRST TRUST COMPA
W. ith regard to any
property passing
PAGE
under this
Paragraph 2 of Subdivision A, I direct my Executor not to
I
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ele~ =o' have the. same treated as qualified terminable interest
'proper=y for the-purpose of qualifying '~or the maribal deduc~ion
&llowable in determining the' £ederal..eS=ate tax on my' estate.
3.. ~f ~ spouse, JBANNE L..-SCHAUFERT, survives me,
I and if an~ amou'n~ is directed to be disposed of under,, and.
governed by, the provisions of.
Paragraph
3,
I
give,.
devise
an~.bequeat~ ~ha= amoun= =o my.TruStees hereinafter named, IN
· RUS~, =o hold, manage.,. ~d l~ves.~, the 's~,, =o ~llec= the
income =hereon,.. and' .~o. pa~. =o~
spouse so mu~: o= all o~ ~e ne~ ~ncom~ ~he=eof as. ~ Trustees,.
in, ch~i= sole di~e=ion, deem. necessa~, or desirable, for ~he.
auPpo=U, ~-lnCenance, ~uca=/o~. o= .hea.~=h' o~ ~ spouse. Any
b~ance of ne= inco~ ~= s0 p~..
"
~e provision8 of' ~a.=a~ap~. L and' 2 of ~is S'u~ivialon, A are
I exhausted fac 'any.. reason: vha=soeve=, ~en~ from and. after
exhaus.~.~on, ~ %'=us=ess-maT,.
I pay' to~ o= appZ1, fo= ~he- benef£C o~,. m~.' spouse so. much or ~11
o£ th~ p=£nctpal o~ ~his Trus~ as ~ T~ua~ees, in ~.heir Sole.
d~sc~e~£un, dee=. necessa~ o= de&£=able fac
main. Canaries',. educ~C£on o= health o£ my spouse.
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07/11/2002 14:38 717237G307 ALLFIRST TRUST COMPA PAGE 09
I.... ...: ~ I
I he~e~y authorize :my spouse,'~n her in~tvidual
I capacity, any t~me o= from t~me ~o ~me, ~y l~s~rument
a~
~.n Writing duly acknowledged and delivered ~o my Trustees,
I wi.t,hdraw' each calendar year any part or a1.I of the principal
of. this. Trust to ~/~e ex2'en~, of Five. Thousand ($5.,000.00)
Dollars. or ~ve (5%) percent of the value of ~he. 'principal of.
the Trust 'on the las~ day of ~he year~, whichever ~s ~he grea~er
a~un=, The prinaipa.1 Sha'll flo~ be de.e~ =o include. ~he
'undis~ri~u2ed in,me of ~he cu~en~ year. This, righ.~ of
w.~=hdrawal shalI be; non~mulative, My ~'ouse~s,p~e= =o
w~=hd=aw, prino~pa.1 shall be abaolu, t~ and nO= limit.ed' by any
I$~andard': whether o~ good. ~ai=h o= o=he~s~, ~d m~ Trustees
I d'e'~'2ve=ed" during' her Ii~e.~lme to m~ to direct
~ustee~.,.
T~s.~ees ~o. aSa~gn~ ~afer,. ~nd pay overt, a~ any ~im~ or ~rom.
~ ~.~ ~ =~me du=~nP, sy s~ouse's li~, so-m~ or all of =he
pmimc£pa~l. Of ~J~i~ True= =o o= ~ng. thou.~' o£ my issue-,, in
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mail. def£gne=e a~d appoint, p=o~'£ded thaC no appoin~ment: shall
be. e££ect:ive to =he ex~en~ i~ relieves m~ epouse o~ any oblige-
07/11/2002 14:313 717237BSB7 ALLFIRST TRUST CEIMPA P~GE 10
,, ti0n. ko support an~f my Issue. ~/
I If, in'my Trustees' sole discretion, the financi'al
Isecur~y of my spoUSe would not be ~eopa=~ized, m7 T=us=aes
Ibenefl~ of, ~y one or.~=e of ~ Issue :l-iv~ng, from rime ~o
time.,, so. muc~ or all of the. prifleipal of ~hts Trust as my
the sO,Po==,' main~enan~,, heal=h,, e~uca=~on, comfo==, O=
gene=al wel~a=~ o~ such issue, o= an~ of =hem, =ak~ng in=o '
accoun= ~i=s.=.a~ o~e= ~ncome, a~lable, fo= said pu~oses,
Pag~icu. Ia.r~y services and/or ~unding available fo= such-Pu~os, es
gove=nmen.=al 0= o~h~= sou.=ces, of wht~ ~ey. have knowledge..
I Upon. the dea=h, of. my spouse,. ~/~I~ and in such
~ven= ~h~ Trus= sAal~ =e=m~na=e and.. =he remaining' 'p.rinCipaL
an~ an~. accumuia~ed, o= und'ls~=£bu~sd: £~com~ sha. li be-d'£s=ribu=ed
I
=o.. ~.... Son~, gl~C HARTZN SCKAUFEaT and. S'C0~T ~,~vINGSTON scHAU~i~T'
anct have le~= no. issue,. ~Aem the .cema.iht.rig.. p'=inc£pa.i and any
I accumu..~a=ec~ or un~is=ribu.=ec~ t.ncome sha.1]~ Be dis.==ibu=ec~ as
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~-.0ne-h~I=. (1/2) =oi=ehigh Un£ve=si=¥
located' in. Re~hlehem, Pennsylvania
lo Oneoh~I£ (~/~) ~o Co=~el~ U'nivers~=y
~Ocate~ ~ ~hacao Ne~ ~oF~c
-9-
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87111/2882 14:38
Bo
PAGE
Zf'my SpOuSe, JSA~NE L. $C~AU~'ERT, predeceases me,
SOII, S ·
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E;R~:C' F, AR~Z~ SCHAUFERT and SCOTT LZVZNGSTON SCHAOFKRT,. or ~ei=
~n .t'~e e~n= bo=h ~. sons· predecease. ~ leaving
AS ~sSUe~..~en' I g~v~ ~ev~Se., 'aAd b~uea=h Twenty Thousand
(~20..,000.00.) .DG~lars =o ~S. A.K. ~IN of 81415 Ha=~ing
:
Avenue, Apa=tmenU 9,. Miami Beach',. Florida 33141,. Z give,
devise., and. ~quea=h all =~e. res=,, residue, and remains= of
k, One--hail (1·/2). to. ~ehigh University'
~o~a=m~: in. Bethiehem,. P ennsy Ivania..
11
i Unl=ed'. S~a~es or any 'oCher gove=nmen= or subdivision. =hereof.,
in:' ~espec~ of an.F. prope.~-?.y ~qul=ec~ ~o b~ included in ~
of'
au.%ho~lze m~
-10-
Z. One-h.&14~. (Z/2:). '~o'.. C'or.ne:I~ Un£vmr~i~¥
Zo~=at:~d" z~-Z~ha~,. N~w. York
and o~he= dea~'.. =axes. ~d. duties., and a.lI ifl=e.=es=
pena-i~ies~ ~er~n, ~e~ by, reason:, of ~ dea=h by =he
8,7/11/2882 14:38 7172376387 ALLFIRST TRUST COMPA
~xecuto~. tn ~et sO~' disc~etton, to pay an~',~ch ~axe~
I ~osed b~ an~ ~o~e~gn government 'o~ subd~v~o'n
,.~ d~ect th;aC an~ taxes so. pa~d ~ ~a~ be. cha~ged, ~hout an~
..
/
PAGE 12
entirely, agains~ ~hat po~ion o~ ~ res.iduar~ es~a~e,, if
any.,., whic~ passes under She pro..v.~ ~ions of P. aragraph 3 o~
S'ubdiv. is£on-A, of ~tem' III [the. c: .~di= she,iCe= trust] of .this.. my
Wll~, or, to: ~he- eX=eh.C,. £f any., '=hat the' said portion is.'
insufficient, against fha= pocC£¢ .~ of my residuary estate,, if
an~,. which, passes. Under ~he prov; sions, o~ P~ragraph .2 o£
Subd~vision & of Ztem III [the =: aunct-a~on C=uat:] of ~his my
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W£It,. o=~. =o. ~he ex=an=,, if any.', =ha= boc~ o~ said pot=ions, are
in=uff[cfenC,, agar[ns= ~aC po~,"m of ~ ~s.~dua~. es=a=e whl~
~- passe~, undec ~e p=ov~s.ion~ o~.~'. =a~aph ~ of' SubdiViSion. A o~
I~em~ ~II [the. ~.Cal dedu~ion ~s.=]~ o'f ~is ~ Will~ ~
anF~.
2:'. ~ .~/ spouse,. JEAN' ~ ~... SCHA~.FERT.,. p=edece.ases.
met C~e~ the Chacge sh.a,~I be mad
·
agains:C m~ res£dua=y esCa.~e,
I The. £oiIo~'in~ pro.v..,ts~k~ s.~ sha-lI apply to the ~amily..
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87/11/2882 i4:38 7172376307 AELFIRST TRUST COMPA PAGE 13
/ *` In case the income or any discretionary Payments
/
of prtncip~l' t=om ~he ~rus~ or any share ~hereof ~come
payable to.a minor,, or to a. person under, legal disabi, lity, or
'to a person hOC adjudicated incompetent, but, who, by reason o£'
illness or mental or physical disabilt~y ts, in ~he opinion
~he. Trustees,. ~abl,- ~0 properly administer sucA amounts,
'su~ ~u~s: may. be paid by khe. Tru~2eea. tn such o~
~aya aS ~hey shall deem
h.. To ~he ~s.igna~ed or legally appoin~ed
guardian, or conservatory 0£ such beneficiaryI
To.. some,, reIa2£ve, or ~'~iend: 'fo~ ~he =e'asonable.
med'£caI ca.r~, main=enanc~, suppork and
comp.rare ed=cauion, of. such- benef£ciaryr o=
Using. such. amounts, direc~ly. ~'oc sa~£d beheld-..
~:. The ln~eres~ o~ any ben~fi¢£a=ff, in...principal
and. inco~ off ~e.. Ti-us=', or any shar'~.
in an,-- ~dy.' ~e~ subject, to. ass:i.qnmenU, al£ena~ion., p'ledge,
&=~aohmen~, o= ¢la. im~ of cred~tors."o~ suchl bene£iciary and' may.
.!
con,taLer,, 1£ .any T~ua~ he~eunder a~ea~ed shaI1 viol&~e any'
ipp~.icabl~ ruls a~aifls~ p'eL'~e~ui~les., .accumula~£ofls.. o~ any
Cermina~e such Trust on the date l~mited by such rule o= law
I and thereupon the Property held in T~s~ shall be
I ~o ~e ~e=son o=' pe=SO~S ~hen entitled =o share ~he. ~ncome
therefrom ~n ~he p=0po=~'lon.'~n which ~hey are. ~hen en~=le~ ~o
share such ~.ncome.
I Ef ~h~ T=us~ should a= any time-have, more than one benef£ciary,
i. the Trustees are authorized Co hold =he. she=es of b%na~icia=ies
as %. common. £und, d£vid'~.ng ~he. ~ncome 9=opo==~onaCe.l.~' among
them =o. assign, u. ndi.vided. ~n~e=asts. =o ~he Several sh,'ares,, and
Co.-ma~e ~oin= investments, o£ fund~ b~longing' =o ~hem. Fo= such.
pu~os,,. ,n~ i~so=a= ,,... =y. be p.ca:c=~cable,, the T~stee, may
W~I1 ~r ag=eels=, and~. ~y ho~' a~inis~er' and
sever~ T~s.=~ .as. on~ or ~=e ~~ fund or funds', and make
Iw~£che.ve.r the Trus.=eeg aha.lZ deem advi-sable.
~ENEI~A'r.. AD~ZNZSTRATIVE' POWERS OF TRUSTEE
,Zn. ocda~ Co.-~a=~ ouC ~ pu~oses, o~ the T~s~
o=h~ p~ers' ~an~ed' ~ ~is WiII or h~ 1~, shall have
I
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I ~.ol~ow~ng p~e~. ova= the Trust £sta=e, subJec~ Co any
14
I=£ons speci£ied eIsawhe=e Ln th£~ w.£11. ,
87/11/2882 14:38
I V
I Estate 20=. as' long as the
7172376387 ALLFIRST TRUST COMPA PAGE
Retention_,0f,, Ass.e t:s
To retain any property received by the Trust
Trustees consider it advisable,
I 2, Inve,stmej,nts :
To' invest and reinvest ~n every kind of property
'1 and investment, which, man of prudence, discretion and intelli-
gerlce, acquire for their owm accounts..
I 3:.. 'Manaqeme. nt
To' manag, e.~ control, repair, and improve all
To se~I~ for cash. o= o~. ~e.~,. and ~o exch'ange
I S'i ~eas. in.~.'-, and:' Re.I.a.~ed. -Riqh~s, ..
To..Iease anF p=oper.~y.., fo= ~erms. within 'o= beyond.'
£r~i ~h'~= d~scre=ion,. ~a.~. dee~ adviSabl~ i'rf. accordance with law...,.
I £=h
' or w.i~ho== an opt.iota 'to. purchase, and ~o mak~ such imp. rove-
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i he
T=us~e$ na~
men:.~ o= e~fec= such repairs: or =ep Iacemen~s. to' any. rea.1 es=ate-
.ds
subJe.c= t:O'-~.~s Ttus.~,. ~d =o insure., such re.al es~a~e, agai~
f~e o= ~y other risks. ~d. to ~.ar~ ~e. e~ense ~hereo~
to. pr~n¢£pal o= income or paLCo ~hereo~ ko each as the Trustees
sh&lI deem: proper, and.. =o de.ve~op Such p=opeL~Cy, tO. subdivide
i~.., dedicate it ~c~ publi¢ use., or grant easem~nt~ therein, as.
co'ns.£deL- advisabley 'and any lease or ag=cement
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i wi~h ~espec='
=hereof evenl =hough ~2 may
87/11/2882 14:38 7172376387 ALLFIRST TRUST COMP/~ PAGE
'i
made thereto shall be.; binding.for bhe full re=ms
ex,:end beTo.ad the-duration of the
I -
?o. borro~ money and ~o ~c~9age o~ 91edge or
o~he~se encumbe~ or hypothecate ~uaC.. assa~s as-~e ~rua~ees
~,. iff .~Aetr dis~e~oa, deem' adviaable, ei~he~ from ~hemse~ves
~ individually or from others,
i 7.. Di~.'iSton and. Dts~.ribu~ion
O.n, an~"dtv4's~on, o~ d~'tr£bu~ion of the Trus~
IEs=ate, in. the dtsc~e=ton, of .~he Trustees', tO divide- and dis-
"t=il~t~t~e~ proper~y of ~e Trus~ g's.ta~e 'in ~ney o= in. kind,.
~ 'in~udihg~ undivided' ~n=e=es=,. o= 9a=~Iy in.. ~ne~ o= ~a==ly in
k~d~ tn'ciud~nT.undivided [n~e:es:U~ =o. exe=cis~ such
I Trust p=ope~cF fo= .~h~ put, os&. of de2ecmintng =he. amoun=' o£ ~h~ ·
T~s.~. principa~ =o be d'ls.t=tbuted. ~o'e, ach. beneficiary named
I ~ere£n:, which., valua=ion,. 1~ the absence, of a:. show. Lng o£ ~ad
~a.£~/1-~, she~ ~ ~nclusive and' binding o~. all concerned,
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' T~. c~nduc~ a~one or w~th o~he=s any business in
:.
wh£eh I: ~ engaged o= im whl~ I ha~ an. ~=e=es~ a.~ ~ death,
i Lng
~h~ power to delegate d£scretiona=y duuies to o~hecs, to
16
07/11/2002 14:38 717237F0307 ALLF'rRST TRUST COHPA PAGE 17
, : /
£nvest ocher L==oL=ert~y held he=eunc~e= in su,'ch bus£ness and
organ£ze a partn~rsh~.p or Coz~=orat.J. on t:o carry on such bus£ness.'
The Trustees shall determine what '£s income and
I wha=, is ~=tnc£pa~ of the..Trust es=ablished under this Will and
wha= ex~'ense$, co8=s~ taxes an~. charges o£ any ~nd w~a=soever
sha~l be ~.arqed again= income and whaC shall be. charged
I aga. insc pr~'ncipai l~ a~=o=dance w,.£th the applicable, laws of
Commonwea.l=h og. Pennsylvania aL they. now exi$= and may from
I =£mt to =~m~ ~ enacted o= repealed...
I Z.. reeF,. .
Trus.~ee~ sba, Ii' recetv, hetr cus,=omary £ee-. f. or
J o~'d:Lna~ ~nd:. ex2=aocdi'na~ serv:Lces. '~ende. ced by
I 3:, Cho.~ce, of Law
The. va,~d~ty an=' adminis.tra=ion o~' =he Trus~
I es=ab~£shed under ~i$ Wi~l and all qu~s=ions ~laCing =o' the,
Con~CrucCion or £n~e=p'retaCio~ of ~ ~us~ shalI be governed
~ b~. ~e [aw.~ o~' ~h~ Co~nwe~.l~h of Penns~lvania,
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G,o TRUSTEE
[ he=ebb' nomtn&=e,. 'c~ns=i=u.=e and. appo£nC m~ w~fe,
87/11/2882 14:38
i and Testament.
shall act. without bond or other securfCy.
7172376387 'ALLFIRST TRUST COHPA PAGE 18
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I direct thaC my TrusCee~-or Cheer successor
/
A. Trustee may be removed by a unanimous vote of the .:
re~aiAdermafl, benefialaries, ~.e. ,. m~. two sons,, o9/tf one or
sons should, diet by a unanimous ~e of ~he parents or
Io her guardians of 'minor =emainde=man b. ene ciar as (not he.'
~'ncome, ~enef'iciary) by Che£r giving thirty (30) da¥.s' notice.
I iz~. writing =o. the. said Trustee signed by · such beneficiaries,.
I pars.n~s, or 9uac..dians, and delivered in person or mailed to the.
laa. C known address, o~ the said Trustee. In ~he event of resigns-
Ition or remove-1 as aforesaid, % successor. Trustee shall be.
I ment~one~ persons,. ~.rov£ding ~hac such successor Trustees.
~ s'h,l~ b, , ba~ oc ~=u,~ ~anF havinq: Cruse p~w ecs
capi~i and: surplus, of a= leas~ Five. H'~lI~on.- - ($5',009,000.O0.) ..
' ' ' ~pon. ~ appo~nC~enC o~ and Cbs a'ccepCanc~ b~ anT'
_
crc=ion of the fo=me= T=us.tee shall. ~o==h~,~=h =es..t ~n su'~
~ succes'so~ Trustee.,. buC ~ ~es~gned oc :e~ved. Trustee. shall
~. eze~e si1 instruments and do a~I acrs wh~ ~y ~
necessa~
~o ve~= su~ ~iCle ~ ~e successor. Trustee,
~ Cou== accounting o= agp~v~I. ~o 'su~esso= Trustee shal~ be
,/
07/.11/2002 14:38 7172376307 ALLFTRST TRUST COHPA
iobliged ko examine the accOunts, records and acts
any
PAGE
/
/
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previous Trus=ee, 9r any alloc, ation-of the trust estate, nor ,.
Shall ~q~h successor. Trustee in any-way'o= manner be =espons£-.:
any act'or omission to ack on ~he part of any previous
Any individual or corporate 'fiduciary acting under
this. Will sba.lt' b'e. entitled to reasonable, compensation for
8e=viflg. in such capacity. ~ r~u~s.~, tha~ su~ co~ensa~lon
compare.bis to c~arges fo= similar services made. ~rom 'time
time b~ professional £1ducia=ies. in .~h~ geog=a~hic area
w~lch' ~e se=vi, cea are =ends=ed.,. and =ha= 'in. ail evenus.
su~ ~ensa=ion shalI' be. co~ensura~e, wi=h ~he, services
ac=u%i!y pe~0~ed, All f~ducf~=ies:, under ~ WilI shall
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expenses necessarily.."
hncu. L'=ecl' iA,. the~ ~.erfornance- o~"
~hei= ~iduciaw duties.
A, 'Appo~ntme'n=
i I:. appo':Lnt ~. ~i.~e, .JEANNE I:;... S~AUS~RT, as '=he.
EXactor cf ~i~ W-~ll. ~n ~he. even~, of ~E~NE ~, S~AU~RT'~
death's. =e~i~a~o~, =~nun~ia~ion, o= inability =.o. ac= in
uap-a=~ ~e~..I appoin= ~. sons,. ~C ~TIN S'CRAOFERT and
Will in her place and stead,
19
67/11/2662 14:38 7172376367
!
I B. N? Bo~d Rec~u,~,red
ALLFIRST TRUST COHPA
No bond or other
aay £xec~rtor, Trustee, or other fiduciary appointed in this
security shall be required of
PAGE
20
comp ~ns a*: ion
fo= se=v£.ces, rendered to. m~ Es*:a*:e du.=£ng adminis*:ra'~ion
as,:. determined by- the C'our~ ~n which ~h. is will is admitted
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t:o. proba=eo
D. powers
~ty.. Execute= shall have,, in ~x~ens£on and not in
~mi*:a.~ion of. ~ p~e~ given.
.. 1:.. same. ~owe=,~,,as
I ""~ To: exe=cis:' with =agard,=o. the~ p=oba'=e Es.ta*:e. all
I 0~. ~h~ powers:, and: au=ho=~y con,er=ed, by *:his W..~I1 on =he
I
I
Z.. 'Employ. men*: of A~*:orneT,, Advisors...and Other
To: em~'ioy any. attorney, ~nves.t~nt adv~sor,~
necessary, bZ m~' gxecu*:o=; and to pay from my ~..st.a~e. reasonable.
I
I'
I
compensation fora all se=v~,aea perfo=mec~ by any .of *:hem..
To conduct= alone~ o= w.£th o~:he=s, any bus£ness~
in' ~h£ch Z am engaged or ~n whY'ch I, hav~ an. in*:e=es*: a*: my
-19-
07/11/2002 14:38 7172376307 ALLFIRST TRUST COMPA
I '
· death, wi~h all the po, rs of any owner with ret t thereto,
including th'e power to delegate discretionary duties to
Iothers., to invest other property held ~ereunder in. such busf-
I ness and t'o o~ganize a partnership or corporation to carry on
such ~usiness.
I All of the. above power.s may be exercised, except as
provided by law, from time to time. in ~he discretion
Execu~'or without fu.r%her cour= order or li~:ense.
lea~ and caused.'.
WHEREOF, I ~ave hereunto, set my hand and
PAGE 21
my ~ast Will and. Testament, consisting, of
tw.:en~y (20) ~ypewri==en~pages, including this a~-~es~atio~ ,. .
· ," ' , ~~ .~, , -' . '
Si~ed', sea'Zed, ~ublished and declared, bM' ~he. above--
~amed Testator, H'~RY R.' S~AUPERT, a= an4 for his ~as~ Will
and~ T'es~amen=; in ~he-si.~-and presence, of us, wh~, a~ his.
~ques~, im his. sigh~ and presence of each o~heD, have. hereunto
scribed. our'name~ as w.i~ne.sses.
07/11/2002 14:38 7172376307 ALLFIRST TRUST COMP,~ PAGE 22
-co~o,~,~r.~, o~ '~,,.~,s~ '/~,~ ~ ' ) ' ".
198[, , ~ ' . . .
TZ~TATO~ ~, ~' ~ T~ 8Z6~E~ (1.8) ~ ~O~ Y~S OF
" ..... /~~',,,~~ ' '
No~a~ Pu
I
07./.11/2002 14:38 7172376307 ALLFIRST TRUST COMPA PAGE 23
. HARRY 1~'. SCHAUFERT ' "
I, HARR~ R. ~SCHAUFERT, a =ee~ent of Ca~ Hill,
Pennsylvania, ~o ~ke, publish and declare 2his to be the First
C~dic~ ~o ~ W~i dated O==obe= 15, 1982.
'
D of Item III, t~ ad~e~ to ~a~ 1] o~ ~he afo=~a~ ~11=
S. In the,e~nt that ~.w. if., J~NE ~-. S~AUFERT,
and' I. shall, d~e u'nde~ such ct~cumtance~ that ~he~a ~s no .
sufficient evidence- tha= we. died otherwise ~han simult~ne-
ously,., it shall be. conclusively presumed tha~ she surv~ved
SECO~
In eve~ othe= =espec~ I he=eby-~nfi=~ and republish
my. Will. dated October 15., t982.
&.eal and caused th~s. C.o~ci[ to. ~ Last Wall and Testament, con~
sistlng of ~ree (3) ~ypewri==en. ~ages,. includin~ this
cl'ause, to be executed', declared and p. ublished ~hts ~7 day
Steeds. seale~, published and declared by the above-
named Testato=, HARRY lt. SC~AUFERT, as and ~or a First Codicil to
his ~as= Will and TeStament,. in the Stghb and pcesence
I of us,'who, at his request, in his sight
each other, have· hereunto subscribed our
names as witnesses.
PAGE 24
87/11/2882 14:38 7172376387 ~LLFIRST TRUST COHPA PAGE 25
~' ~.. ~C~AU~RT, TH~ TESTATOr, ~OSE' N~E ~8 SZGN~
TO T~E ~GOING ~STRUMENT, ~AVING BEEN DU~Y ~U~IFIED ACCO~-
~NG ~ ~AW, DO 'HE, BY ACKNO~GE T~AT I ~GN~ ~D ~ECUT~D
THE.. INST~MENT' ~. A ~I.~- ~DZCIh. ~ ~'~AST ~Lh ~D TSSTAMENT,
DATED O~OBER 15,. 1982, THAT I SIGN~ ~T' ~NGLY~ ~D T~AT I
S~= O~ AFFIXED ~ ~D ACKNO~EDG~ 8E~ RE BY
H~ R. S~FERT, THE TESTATOR,. THIS .&7~ DAY OF ~~ ,
I
I
I S~RN. 6R ArFTRMED TO AND SUBSCRIBED TO' 8E~RE ME,.
THIS ~'~n~. DA~ OF g~ , 1987..
ESTATE OF JEANNE L. SCHAUFERT
RECEIPT, RELEASE AND INDEMNIFICATION AGREEMENT
This Receipt, Release and Indemnification Agreement (hereinafter called the ?'Release")
1__
is given this //~kt.-- day of ~t~ , 2002, by Scott Schaufert, of 6 Boxwood
Lane, Camp Hill, PA 17011 (hereinafter called the "Beneficiary") to and in favor of AllFirst
Trust Company of Pennsylvania, N.A. (hereinafter "AllFirst Trust").
WITNESSETH:
WHEREAS, Jeanne L. Schaufert died December 12, 2001; and
WHEREAS, the Beneficiary, pursuant to Item III A. 1 and Item III A.3 of the Last Will
and Testament of Harry R. Schaufert, dated October 15, 1982, is beneficially interested in'one
half of the residuary estate.consisting of, among other things, a QTIP Trust and Residuary Trust
administered by AllFirst Trust for the benefit of Jeanne L. Schaufert; and
WHEREAS, the beneficiaries wish for both trust accounts to be liquidated and the
remaining trust proceeds be divided equally between Scott Schaufert and Eric Schaufert,
beneficiaries; and
WHEREAS, it is the intention and desire of the Beneficiary that AllFirst Trust make the
distributions described herein without the necessity of filing a formal court accounting;
NOW, THEREFORE, intending to be legally bound hereby, the Beneficiary represents,
warrants, covenants and agrees as follows:
1. Waiver of Accounting. The Beneficiary hereby waives the necessity for a formal court
~ accounting prior to making the distribution described herein and directs AllFirst Trust to
liquidate and disburse with an informal audit of the same. Nothing herein shall be
construed to waive any right to an informal accounting.
o
o
Receipt. The Beneficiary requests AllFirst Trust to make distribution of the Harry R.
Schaufert, C/T/W (QTIP) Trust (Accoun~ #1204773217) and the Harry R. Schaufert,
C/T/W (Residuary) Trust (Account # 1204773208) and effective upon delivery to the
undersigned of the property shown as distributable, Beneficiary acknowledges receipt of
such property:
1.
One half (1/2) of the value of the QTIP Trust (Account # 1204773217)
Market Value as of July 1, 2002 $203,658.70.
One half (1/2) of the value of the Residuary Trust (Account #1204773208)
Market Value as of July 1, 2002 $376,402.05.
The Beneficiary does further acknowledge that the aforesaid distribution represents the
Beneficiary's complete interest in the above referenced Trusts.
Termination Fee. In consideration for the Indemnification contained herein, Beneficiary
agrees to a one half of one percent (1/2%) termination fee to be withheld by AllFirst Trust
upon termination of the within referenced Trusts. Fee based on Date of Death balance of
Jeanne L. Schaufert.
Filing Fees. Beneficiary agrees that AllFirst Trust may withhold the necessary filing fees
from the Trust(s) to record this Release.
Release. Upon receipt of the within described property, the Beneficiary does by these
presents remise, release, quit-claim and forever discharge AllFirst Trust, its successors
and assigns, from all actions, suits, payments, accounts, reckonings, claims and demands
whatsoever, for or by reason of its distribution from the above referenced Trusts.
Indemnification. Beneficiary agrees to indemnify AllFirst Trust and hold it harmless, to
the extent of any funds or assets received by the Beneficiary hereunder, from and against
the Beneficiary's pro rata share of any and all liabilities, losses, damages, costs, verdicts,
judgments, awards and expenses (including attorney's fees and other costs or expenses of
defense) to which AllFirst Trust may be subjected by reason of its administration of trusts
as referenced herein, as well as the settlement thereof by means of an informal
distribution. The Beneficiary further agrees to:
a. Refund or return, promptly upon AllFirst Trust written demand, any funds or
assets distributed by AllFirst Trust to the Beneficiary, if the distribution thereof is
determined at any time to have been an erroneous distribution to the Beneficiary,
whether such error or negligence was or was not claimed to have been permitted
upon a mistake of law or of fact.
b. Modify and displace any otherwise applicable period limiting the time within
which AllFirst Trust's action to collect an erroneous distribution must be
commenced, so as to provide that AllFirst TrUst need not commence an action to
collect an erroneous distribution to the Beneficiary until two (2) years after such
time as AllFirst TrUst shall have obtained actual knowledge of such error.
The provisions of this Release shall be deemed severable in the event that one or more
thereof shall be deemed invalid or unenforceable, with the effect that the remaining provisions
shall persist as if such invalid or unenforceable provision had never been a part hereof. In
addition, the constrUction, effect, validity and performance of this Release shall be governed in
all respects by the laws of the Commonwealth of Pennsylvania, without regard to its conflict of
laws provision.
This Release shall bind the Beneficiary, his heirs, representatives, successors, and assigns
together with any person with respect to whom the Beneficiary is a natural or appointed guardian.
The Beneficiary hereby acknowledges that this Release may be filed at any time, at the
discretion of AllFirst Trust, with any court of competent jurisdiction, and the Beneficiary
consents to any such filing.
IN wITNESS WHEREOF, the Beneficiary has executed and sealed this Receipt, Release
and Indemnification Agreement on the date first above inscribed.
Scott Schaufert
COMMONWEALTH OF PENNSYLVANIA :
:ss
COUNTY OF ~t~.~-- :
On this ~'q/~ day of ~ ,2002, before me, the
undersigned authority, personally came Scott Schaufert known to me (or satisfactorily proven)
to be the p.erson whose name is subscribed to the within Release and acknowledged that he
executed the same for the purpose therein contained.
Witness my hand and official seal the day and date aforesaid..
Notarial Seal
Monica D. Zemher, Notary Public
Camp Hill Boro, Cumberland County
My Commission Expires Jan. 14, 2006
Member. Pellnsvhmn ~ A ~r~"~i~linn nf I~lntaries
Notary P!~olic
My Com/nission Expires:
ESTATE OF JEANNE L. SCHAUFERT
RECEIPT, RELEASE AND INDEMNIFICATION AGREEMENT
This Receipt, Release and Indemnification Agreement (hereinafter called the "Release")
is given this (~ ~. day of ~ ,2002, by Eric Schaufert, of 497 Crape
Myrtle Drive, Boiling Springs, PA 17007 (hereinafter called the "Beneficiary") to and in favor of
AllFirst Trust Company of Pennsylvania, N.A. (hereinafter "AllFirst Trust").
WITNESSETH:
WHEREAS, Jeanne L. Schaufert died December 12, 2001; and
WHEREAS, the Beneficiary, pursuant to Item III A. 1 and Item III A.3 of the Last Will
and Testament of Harry R. Schaufert, dated October 15, 1982, is beneficially interested in one
half of the residuary estate consisting of, among other things, a QTIP Trust and Residuary Trust
administered by AllFirst Trust for the benefit of Jeanne L. Schaufert; and
WHEREAS, the beneficiaries wish for both trust accounts to be liquidated and the
remaining trust proceeds be divided equally between Scott Schaufert and Eric Schaufert,
beneficiaries; and
WHEREAS, it is the intention and desire of the Beneficiary that'AllFirst Trust make the
distributions described herein without the necessity of filing a formal court accounting;
NOW, THEREFORE, intending to be legally bound hereby, the Beneficiary represents,
warrants, covenants and agrees as' follows:
1. Waiver of Accounting. The Beneficiary hereby waives the necessity for a formal court
accounting prior to making the distribution described herein and directs AllFirst Trust'to
liquidate and disburse with an informal audit of the same. Nothing herein shall be
construed to waive any right to an informal accounting.
o
Receipt. The Beneficiary requests AllFirst Trust to make distribution of the Harry R.
Schaufert, C/T/W (QTIP) Trust (Account # 1204773217) and the Harry R. Schaufert,
C/T/W (Residuary) Trust (Account # 1204773208) and effective'upon delivery to the
undersigned of the property shown as distributable, Beneficiary acknowledges receipt of
such property:
1.
One half (1/2) of the value of the QTIP Trust (Account # 1204773217)
Market Value as of July 1,.2002 $203,658.70.
One. half (1/2) of the value of the Residuary Trust (Account # 1204773208).
Market Value as of July 1, 2002 $376,402.05.
The Beneficiary does further acknowledge that the aforesaid distribution represents .the
Beneficiary's complete interest in the above referenced Trusts.
Termination Fee. In consideration for the Indemnification contained herein, Beneficiary
agrees to a one half of one percent (1/2%) termination fee to be withheld by AllFirst Trust
upon termination of the within referenced Trusts. Fee based on Date of Death balance of
Jeanne L. Schaufert.
Filing Fees. Beneficiary agrees that AllFirst Trust may withhold the necessary filing fees
from the Trust(s) to record this Release.
Release. Upon receipt of the within described property, the Beneficiary does by these
presents remise, release, quit-claim and forever discharge AllFirst Trust, its successors
and assigns, from all actions, suits, payments, accounts, reckonings, claims and demands
whatsoever, for or by reason of its distribution from the above referenced Trusts.
Indemnification. Beneficiary agrees to indemnify AllFirst Trust and hold it harmless, to
the extent of any funds or assets received by the Beneficiary hereunder, from and against
the Beneficiary's pro rata share of any and all liabilities, losses, damages, costs, verdicts,
judgments, awards and expenses (including attorney's fees and other costs or expenses of
defense) to which AllFirst Trust may be subjected by reason of its administration of trusts
as referenced herein, as well as the settlement thereof by means of an informal
distribution. The Beneficiary further agrees to:
a. Refund or return, promptly upon AllFirst Trust written demand, any funds or
assets distributed by AllFirst Trust to the Beneficiary,. if the distribution thereof is
determined at any time to have been an erroneous distribution to the Beneficiary,
whether such error or negligence was or was not claimed to have been permitted
upon a mistake of law or of fact.
b. Modify and displace any otherwise applicable period limiting the time within
which AllFirst Trust's. action to collect an erroneous distribution musi be
commenced, so as to provide that AllFirst Trust need not commence an action to
collect an erroneous distribution to the Beneficiary until two (2) years after such
time as AllFirst Trust shall have obtained actual knowledge of such error.'
The provisions of this Release shall be deemed severable in the event that one or more
thereof shall be deemed invalid or'unenforceable, with the effect that the remaining provisions
shall persist as if such invalid or unenforceable provision had never been a part hereof. In
addition, the construction, effect, validity and performance of this Release shall be governed in
all respects by the laws of the Commonwealth of Pennsylvania, without regard to its conflict of
laws provision.
This Release shall bind the Beneficiary, his heirs, representatives, successors, and assigns
together with any persbn with respect to whom the Beneficiary is a natural or appointed guardian.
The Beneficiary hereby acknowledges that this Release may be filed at any time, at the
discretion of AllFirst Trust, with any court of competent jurisdiction, 'and the Beneficiary
consents to any such filing. ~
IN WITNESS WHEREOF, the Beneficiary has executed and sealed this Receipt, Release
and Indemnification Agreement on the date first above inscribed.
Eric S~chaufert
COMMONWEALTH OF PENNSYLVANIA :
:ss
COUNTY OF ~ A..-/( :
On this ¢(~C-~day of~ ~' ,2002, before me, the
undersigned authority, personally came Eric Schaufert known to me (or satisfactorily proven) to
be the person whose name is subscribed to the within Release and acknowledged that he
executed the same for the purpose therein contained.
Witness my hand and official seal the day and date aforesaid.
Notarial Seal
Monica D. Zercher, Notary Public
Camp Hill Bom, Cumberland County
My Qommission Expires Jan. 14, 2006
Member, Pennsylvania Association of Notaries
Notary ~ublic
My Commission 'Expires:
i
8£: [[I-! OF~ 1t17 ~0~
BUREAU OF ZNDZVIDUAL TAXES
'rNHERTTANCE TAX DIVIS[OH
DEPT. Z80601
HARRTSBURGj PA 171Z8-0601
COMHONNEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
NOTICE OF DETERMZNATZON AND
ASSESSMENT OF PENNSYLVANZA
ESTATE TAX BASED ON FEDERAL
ESTATE TAX RETURN
REV-~8$ EX AFP (01-0Z)
FRANK H KELLY
KELLY FINANCIAL SRVS
qO0 BRIDGE ST STE q
NEW CUHBERLAND
DATE 09-10-Z002
"~ .... ' ..... ,~. ESTATE OF SCHAUFERT
DATE OF DEATH 12-12-2001
FILE NUMBER 21 02-00R0
COUNTY CUMBER LAND
'02 .~Ei:~ -6 ~l'!i :~.~ ACH Z01
~'" ~:,~- "~ · I Amoun~ Rem/~ed
I
PA
JEANNE L
HAKE CHECK PAYABLE AND REMIT PAYHENT TO:
REGISTER 0F'NILLS
CUHBERLAND CO COURT HOUSE
CARLISLE, PA 17015
NOTE: To insure proper 'credi~ to your accoun~ subm~ ~he upper portion of ~h/s form .i~h your ~ax payment.
CUT ALONG THIS LINE ~ RETAIN LONER PORTION FOR YOUR FILES ~
~-E-v-: ~ ~- -[ ~- -~ ~' '~'5 [~-0-~ ~ ..... ~-~ - ~-f~ ~- -5 P--~[ ¥~-~ ~h-~f ~-~ - ~h-~ - ~-~E ~-~E ~?' ............................
OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL ESTATE TAX RETURN ~
ESTATE OF SCHAUFERT JEANNE L FILE NO.Z1 02~00q0 ACN 201 DATE 09-10-2002
ESTATE TAX DETERHZNATZON
1. Credi~ For State Death Taxes as Verified
Z. Pennsylvania Inheritance Tax Assessed
(Excluding.Discount and/or Inter'es~)
5. Inheritance Tax Assessed by 0~her S~a~es
or Territories of ~he Un/ted S~a~es
(Excluding Discoun~ and/or Interest)
~. To~al Inheritance Tax Assessed
5. Pennsylvania Estate Tax Due
TAX CREDITS:
52t279.58
.00
~1~58R.00
52z279.$8
.00
PAYMENT RECEIPT DISCOUNT (+)
DATE NUMBER INTEREST/PEN PAID (-) AMOUNT PAID
TOTAL TAX CREDIT I .00
BALANCE OF TAX DUEl .00
INTEREST AND PEN. .00
TOTAL DUE .00
~IF PAID AFTER TH/S DATE~ SEE REVERSE S/DE (/F TOTAL DUE 1S LESS THAN $1~ NO PAYHENT IS RE{~UIRED
FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE 1S REFLECTED AS A "CREDIT' {CR)~ YOU HAY BE
DUE A REFUND. SEE REVERSE SIDE. OF THIS FORH FOR INSTRUCTIONS. }
PURPOSE OF
NOTICE:
PAYMENT:
REFUND iCR}:
OBJECTIONS:
ADMIN-
ISTRATIVE
CORRECTIONS:
To fulfill the requirements of Section 2140 (b) of the Inheritance and Estate Tax Act, Act 23 of ZOO0.
(72 P.S. Section 91q0).
Detach'tho top portion ~f this Notice and submit aith your payment to the Register of Hills printed on the
reverse side.
-- Make check or money order payable 'to: REGISTER OF NILES, AGENT.
A refund of a tax credit may be requested by completing an "Application for Refund of Pennsylvania
inheritance and Estate Tax" iR(V-1313). Applications are available at the Office Of the Register of Nills)
any of the 13 Revenue District Offices or from the Department's Z4-hour answering service for forms ordering:
1-800-361-10S0; services for taxpayers with special hearing and / or speaking needs: 1-800-447-3010 iTT only}.
Any party in interest not satisfied with the assessment of tax as shown on this notice may object within
sixty (60) days of receipt of this Notice by:
--written protest to the PA Department of Revenue, Board of Appeals, Dept. 28102~; Harrisburg, PA 17128-1011,
--electing to have the matter determined at audit of the personal representative, OR
--appeal to the Orphans' Court.
Factual errors discovered on this assessment should be addressed in mriting to: PA Department of Revenue,
Bureau of Individual Taxes, ATTN: Post Assessment Review Unit, Dept. 180601, Harrisburg, PA 17118-0601,
Phone i7173 787-650S. See page 5 of the booklet "Instructions for Inheritance Tax Return for a Resident
Decedent" IREV-1501} for an explanation of administratively correctable errors.
OR
PENALTY:
INTEREST:
The 1SI tax amnesty non-participation penalty is computed on the total-of the tax and !gtere~t assessed, andnot
paid before January 18, 1996, the 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 would appeal the tax and interest
that has been assessed as indicated on this notice. "
For dates of death on or after 10-3-91, Pennsylvania Estate Tax based on the Federal Estate Tax
re'turn becomes delinquent at the ~xpiratian of nine (09) months fram the date of'death.
For dates of death prior to 10-3-91, Pennsylvania Estate Tax based on the Federal Estate Tax return
becomes delinquent at the expiration of eighteen .(18) months from the date of death.
Taxes which became delinquent,before January 1, 1981 bear interest at the rate of six (61) percent ~er annum'
calculated at a daily rate of .000164. All taxes ehich became_delinquent on or after January 1, 1981 will bear
interest at a rate which will vary from calendar year to calendar year with that rate announced by the PA
Department of Revenue. The applicable interest rates for 1982 through ZOOZ are:
Year Interest Rate Daily Interest Factor
1981 ZOZ .000S48
1983 161 .000438
198q 111 .000301
1985 131 .000356
1986 IOZ .000174
1987 9Z .000147
1988-1991 Ill .000301
Year Interest Rate Daily Interest Factor
1992 9Z : .000247
I993-1994 72 .O0019Z
199S-1998 9Z .000247
1999 7Z .OOOlgZ
ZOO0 82 .000219
2001 9Z .000247
2002 6Z .000164
--Interest is calculated as follows: ,
INTEREST = BALANCE OF TAX UNPAID X NUNBER OF BAYS DELINQUENT X DALLY INTEREST FACTOR
--Any Notice issued after the tax becomes delinquent will reflect-an interest calculation to 'fifteen ilS) days
beyond the date of 'the assessment. If payment is made after the interest computation date shown on the
Notice, additional interest must be calculated.
BUREAU OF INDIVIDUAl: TAXES
INHERITANCE TAX DIVISION
DEPT. 280601
HARRISBURG, PA 17128-0601
/
/
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
NOTICE OF INHERITANCE TAX
APPRAISEMENT, ALLOWANCE OR DISALLOWANCE
OF DEDUCTIONS AND ASSESSMENT OF TAX
FRANK H KELLY
KELLY FINANCIAL SERVlCE~02
400 BRIDGE ST SUITE 4
NEW CUMBERLAND PA 170.~0>.i :
........... , .. ~ DATE 10-07-2002
,~,~,':;~i:, ?.; '..~;','.: :~ ESTATE OF SCHAUFERT
· ~";~ ~' '~ "' ~ "~'; DATE OF DEATH 12-12-2001
FILE NO. 21 02-0040
COUNTY Cumberland
CCT 2.5 F~-/.: '~ 13'7 ACN 101
REV-IS47 EX (12-97) PC
JEANNE L
Amount Remitted
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
Register of Wills
Cumberland County Courthouse
Carlisle, PA 17013
CUT ALONG THIS LINE r:~ RETAIN LOWER PORTION FOR YOUR RECORDS <~
"¢~-~,~:i ~;~- ~-i-(i)~--~-)-~ ............. ~5~i~-~-b-¢-~-~ h'~i~YA-~ ~';r~(- X~-~i~'ii~-~ ~r~-A-~£iSi~A-~-d ~-iSi~' ................................
. DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF SCHAUFERT JEANNE L FILE NO. 21 02-0040 ACN 101 DATE 10-07-2002
TAX RETURN WAS: ( [] ) ACCEPTED AS FILED
RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE
( [] ) CHANGED SEE ATTACHED NOTICE
APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN
1. Real Estate (Schedule A) (1)
2. Stocks and Bonds (Schedule B) (2)
3. Closely Held Stock/Partnership Interest (Schedule C) (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)
7. Transfers (Schedule G) (7)
8. Total Assets
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. Funeral Expenses/Adm Costs/Misc. Expenses (Schedule H) (9)
10. Debts/Mortgage Liabilities/Liens (Schedule I) (10)
11. Total Deductions
119,000.00 NOTE: To insure proper
12,390.00 credit to your account,
0.00 submit the upper poi/ion
0.00 of this form with your
236,918.00 tax payment.
0.00
847,668.00
(8) 1,215,976.00
37,305.00
2,42800
(il) 39,733.00
12.
13.
14.
NOTE:
Net Value of Tax Return , (12) 1,176,243.00
Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule J) (13) 0.00
Net Value of Estate Subject to Tax (14) 1,176,243.00
If an assessment was issued previously, lines 14, 1,5 and/or 16, 17 and 18 will reflect figures
that include the total of ALL returns assessed to date.
ASSESSMENT OF TAX:
15. Amount of Line 14 at Spousal rate (15) 0.00 X .00 0.00
16. Amount of Line 14 taxable at Lineal/Class A rate (16) 1,136,243.00 X .045 51,130.00
17. Amount of Line 14 taxable at Sibling rate (17) 0.00 X .12 / 0.00
18. Amount of Line 14 taxable at Collateral/Class B rate (18) 40,000.00 X .15 6,000.00
19. Principal Tax Due (19) 57,130.00
TAX CREDITS:
PAYMENT RECEIPT DISCOUNT (+)
DATE NUMBER INTEREST/PEN PAID I'l AMOUNT PAID
03-07-2002 CD000932 2,856.50 ~ 60,000.00
TOTAL TAX CREDIT 62,856.50
BALANCE OF TAX DUE 5,726.50 CR
INTEREST 0.00
TOTAL DUE 5,726.50 CR
FOR CALCULATION OF ADDITIONAL INTEREST.
~E
(IF TOTAL uu~ IS LESS THAN $1, NO PAYMENT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A CREDIT (CR), YOU MAY BE DUE
A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.)
RESERVATION:
PURPOSE OF
NOTICE:
PAYMENT:
REFUND (CR):
OBJECTIONS:
ADMINISTRATIVE
CORRECTIONS:
DISCOUNT:
PENALTY:
INTEREST:
Estates of decadents dying on or before December 12, 1982 -- if any future interest in the estat~ is transferred in possession or enjoyment to Class B
(collateral) beneficiaries of the decedent after the exp ration of any estate for life or for years, .the Commonwealth hereby expressly reserves the dght to
appraise and assess transfer Inheritance Taxes at the lawful Class B (collateral) rate on any suc~ future interest.
To fulfill the requirements of Section 2140 of the Inheritance and Estate Tax Act, Act 21 of 1995. (72 P:S. Section 9140). · '
Detach the top portion Of this Notice and submit with your payment to the Register of Wills printed on the reverse side. Make check or mor{ey order
payable to: REGISTER OF WILLS, AGENT~
A refund of a tax credit, which was not requested on the Tax Return, may be requested by completing an "Apl~lication for Refund of Pennsylvania
Inheritance and Estate Tax (REV-1313). Applications are available at the Offica of the Register of Wills or any of the 23 Revenue District Offices, or by
calling the special 24-hour answering service numbers for forms ordering: In Pennsylvania 1-800-362-2050, outside Pennsylvania and within local
Harrisburg _area (717) 787-8094, TDD# (717) 772-2252 (Hearing Impaired Only).
Any party in interest not satisfied with the appraisement, allowance or disallowance of deductions, or assessment of tax (including discount or interest) as
'shown on this Notica must object within sixty (60) days of receipt of this Notice by:
--written protest to the PA Department of Revenue Board of Appeals, Dept. 281021, 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 Review Unit, Dept. 280601 Harrisburg, PA 1.7128-0601 Phone (717) 787-6505. See page 3 of the booklet "Instructions for Inheritanca 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 percant (5%) discount ~of the ~tax paid is allowed.
The 15% tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not paid befor, e
January 18,1996, the first day after the end of the tax amnesty period. This non-participation penalty is appealable in the same manner and in the same
time period as you would appeal the tax and interest that has been assessed as indicated on this notica.
Interest is charged beginning with first day of delinquency, or nine (9) months and one (1) day from the date of death, to the date of payment. Taxes
which became delinquent b~fore Ja'n'uary 1, 1982 bear interest at the rate of six (6%) percent per annum ca!culated at a daily rate of .000164. All taxes
which became delinquent on and after January 1, 1982 will bear interest at a rate which Will vary from calendar year to calendar year with that rate
announced by the PA Department of Revenue. The applicable interest rates for 1982 through 2001 are:
YEAR INTEREST RATE DALLY INTEREST FACTOR YEAR INTEREST RATE DAILY iNTEREST FACTOR
1982 20% .000548 1992 9% .000247
1983 16% .000438 1993-1994 7% .000192
1984 11% . .000301 1995-1998 9% - .000247 -
1985 13% .00035,6 1999 7% .000192
1986 10% .000274 2000 8% .000219
1987 9%' .000247 2001 9% .000247
1988-1991 11% ' .000301 2002 6% .000164
--Interest is calculated as follows:
INTEREST = BALANCE OF TAX UNPAID X NUMBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR
--Any Notice issued after the tax becomes delinquent will ~eflect an interest calculation to fifteen (15) days beyond the date of the assessment. If payment
is made after the interest computation date shown on the Notica, additional interest must be calculated.
~EV-1470 EX (688)
INHERITANCE TAX
EXPLANATION
COMMONWEALTH/OF PENNSYLVANIA
DEPARTMENT OF REVENUE OF CHANGES
BUREAU OF INDIVIDUAL TAXES
DEPT. 280601
HARRISBURG, PA 17128-0601
3ECEDENTS NAME FILE NUMBER
SCHAUFERT,JEANNE L 2102-0040
REVIEVVED BY ACN
Kathryn Harbilas 101
ITEM
SCHEDULE NO. EXPLANATION OF CHANGES
J 1,2 Changed tax rate from 4,5 percent to 15 percent since friends are a collateral beneficiaries.
ROW Page 1
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX Dzv/sxnN
DEPT. 280601
HARRISBURG, PA 17128-0601
COHHONWEALTH OF PENNSYLVANIA
DEPARTHENT OF REVENUE
PENNSYLVANIA ESTATE TAX
RECORD ADJUSTHENT
FRANK H KELLY
KELLY FINANCIAL SRVS
400 BRIDGE ST STE 4
NEW CUMBERLAND
~-~6~!iS*?E', ..:',: '/';'~!S ESTATE OF
DATE OF DEATH
FILE NUHBER
'02 ~C'i' 25 P 2:3~OUNTY
ACN
C:!,:i'i%& '.: ' :';:
PA 1707~[~lnbo;;'~-~'h.,¢ ~L.3.,
10-17-2002
SCHAUFERT
12-12-2001
21 02-0040
CUHBERLAND
201
REV-1625 EX AFP (1Z-O0)
Amount Remitted
JEANNE L
HAKE CHECK PAYABLE AND REHZT PAYHENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA ~ 17015
NOTE: To insure proper credit to your account, submit the upper port/on of this form with your tax payment.
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR FILES ~
ESTATE OF SCHAUFERT
JEANNE L FILE NO.21 02-0040 ACN 201
DATE 10-17-2002'
ADJUSTHENT BASED ON: ADMINISTRATIVE CORRECTION
CODE 706
1. Credit For State Death Taxes as Verified
41/584.00
2. Pennsylvania Inheritance Tax Assessed
(Excluding Discount and/or Interest)
54,275.50
.00
Inheritance Tax Assessed by Other States
or Territories of the united States
(Excluding Discount*and/or Interest)
4. Total Inheritance Tax Assessed
54/275.50
5. Pennsylvania Estate Tax Due
.00
.00
.00
6. Amount of Pennsylvania Estate Tax Previously Assessed
Based on Federal Estate Tax Return
7. Additional Pennsylvania Estate Tax Due
TAX CREDITS
PAYHENT
DATE
RECEIPT
NUMBER
DISCOUNT (+)
INTEREST/PEN PAID (-)
ZF PAID AFTER TH/S DATE, SEE REVERSE SIDE
FOR CALCULATION OF ADDITIONAL INTEREST.
AHOUNT PAID
TOTAL TAX CREDIT
BALANCE OF TAX DUEI
INTEREST AND PEN.
TOTAL DUE
( ZF TOTAL DUE ZS LESS THAN $1, NO PAYMENT IS RE;~UZRED.
.00
.00
.00
.00
ZF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU HAY
BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS.)
PAYMENT:
Detach the top portion of this Notice and submit aith your payment made payable to the name and address
printed on the reverse side.
-- Nake check or money order ~ayable to: REGISTER OF NZLLS, AGENT.
REFUND (CR): A refund of a tax credit, ehich was not requested on the Tax Return, may bm 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 Z3 Revenue District Offices or from the Department's Zq-hour
answering service for forms orderin g: 1-800-362-2050; services for taxpayers mith special hearing and / er
speaking needs: 1-BO0-qq7-3OZO (TT only).
REPLY TO:
PENALTY:
INTEREST:
guestions regarding errors contained on this notice should be addressed in writing to: PA Department of Revenue,
Bureau of Individual Taxes, ATTN: Post Assessment Revise Unit, Dept. lB0601, Harrisburg, PA 171ZB-0601, Phone
(717) 787~6505.
The 1SI tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not
paid before January lB, 1996, the first day after the end of the tax amnesty period.
For Date of Death after 10-5-91 Pennsylvania Estate Tax based ~n the Federai Estate Tax return becomes delinquent
at the expiration of nine (9) months from the date of death (Assessment cohtrol number (ACN) lO1 only).
For Date of Death prior to 10-3-91 Pennsylvania Estate Tax based on the Federal Estate Tax return becomes
delinquent eighteen (18) months from the date of death (Assessment Control Number (ACN) lO1' only).
Addition~l Pennsylvania Estate Tax assessed as a result of a change based on the Federal Estate Tax closing
letter becomes delinquent at the expiration of one (1) month fram the date of the final notice of the increase
in Federal Estate Tax is received. (Assessment Control Number (ACN) ZOZ onlY.)
Taxes mhich became delinquent before January 1, 1982 bear interest at the rate of six (6Z) percent per annum
calculated at a daily rate of .O0016q. All taxes which became delinquent on or after January 1, 198Z mill bear
interest at a rate which will vary from calendar year to calendar year with that rate announced by the PA
Ompartment of Revenue. The applicable interest rates for 1982 through ZOOZ are:
Year Interest Rate Daily Interest Factor Year Interest Rate
1982 207. . O00Sq8 1992 92
1983 162 . 000~38 1993-199q 77.
198q 117. · 000301 1995-1998 9Z
1985 132 .000356 1999 72
1966 XOZ .O00ZTq 2000 8Z
1987 9Z .O00Zq7 . 2001 9Z
1988-1991 llZ .000301 2002 67.
--Interest is calculated' as follows:
TNTEREST = BALANCE: OF TAX-UNPATD
Daily Interest Factor_.
.0002q7
.O0019Z
.0002~7
.O0019Z
.000219
.O00Zq7
, .O0016q
X NUHBER OF DAYS DBLINQUBNT X DALLY INTEREST FACTOR
--Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15) days
beyond, the date of the assessment. If payment is made after the interest computation date shown on the
Notice, additional interest must be calculated.
/~-~-~-/~ COMMONWEALTH OF PENNSYLVAN'rA
BUREAU OF TNDTV/DUAL TAXES DEPARTMENT OF REVENUE
/NHER/TANCE TAX DTVISTON
nEPT. ZSOAO~ I'NHERI'TANCE TAX
HARRISBURG, PA ~?~Za-O,~O~ STATEHENT OF ACCOUNT
FRANK H KELLY
KELLY FINANCIAL SRVS
q'O0 BRIDGE ST STE q' ~,"~*':,!,' '., ~. ,~
NEW CUM]iERLAND PA 1707.0TtD~',&.~
ESTATE OF
DATE OF DEATH
F'rLE NUMBER
COUNTY
ACN
11-0~-Z002
SCHAUFERT
12-12-2001
210Z-O0~O
CUHBERLAND
101
Amoun'l: Rem l~'l:ed
REV-16D7 EX kFP {01-02)
JEANNE L
HAKE CHECK PAYABLE AND REMZT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17015
NOTE: To insure proper credi~ to your account, submi~ ~hm upper portion of ~hJs form wi~h your ~ax payment.
CUT ALONG TH'rS LZNE ~ RETAZN LOWER PORTZON FOR YOUR RECORDS ~
REV-1607 EX AFP (01-0~) ~ ZNHERZTANCE TAX STATEMENT OF ACCOUNT ~
ESTATE OF SCHAUFERT JEANNE L FZLE NO. 21 02-00~0 ACN 101 DATE 11-0~-2002
THZS STATEMENT ZS PROVZDED TO ADVZSE OF THE CURRENT STATUS OF THE STATED ACM ZN THE NAHED ESTATE. SHOHN BELOg
ZS A SUNHARY OF THE PRZNCZPAL TAX DUE., APPLZCATZON OF ALL PAYMENTS, THE CURRENT BALANCE., AND., ZF APPLZCABLE,
A PROJECTED ZNTEREST FZGURE.
DATE OF LAST ASSESSHENT OR RECORD ADJUSTHENT: 10-16-Z002
PRINCIPAL TAX DUE: ...........................................................................................................................................................................................................................
PAYMENTS (TAX CREDITS):
PAYHENT
DATE
05-07-2002
10-16-2002
.RECEIPT
NUMBER
CDOOO95Z
REFUND
DISCOUNT (+)
INTEREST/PEN PAID (-
2,856.50
.00
ZF PAID AFTER TH/S DATE, SEE REVERSE
S/DE FOR CALCULATION OF ADD/T/ONAL INTEREST.
IF TOTAL DUE IS LESS THAN $1~
NO PAYMENT 1S REQUIRED.
ZF TOTAL DUE ~S REFLECTED AS A 'CREDIT'
YOU NAY BE DUE A REFUND. SEE REVERSE SXDE OF THIS FORH FOR /NSTRUCT/ONS.
57,1::50.00
AMOUNT PAID'
60,000.00
5,726.50-
TOTAL TAX CREDZT 57,130.00
DALANCE OF TAX DUE .00
ZNTEREST AND PEN. .00
TOTAL DUE .00
PAYMENT:
Detach the top portion of this Notice and submit with your payment made payable to the name and address
printed on the reverse, side.
-- If RESIDENT DECEDENT make check or money order payable to: REGISTER OF NILES, AGENT.
-- If NON-RES'IDENT DECEDENT make'check or money order payable to: COMMONWEALTH OF PENNSYLVANIA.
REFUND (CA): A refund of a tax credit, which was not requested 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 Hills, any of the 23 Revenue District Offices or from the Department's Z4-hour
answering sprvice for forms ordering: 1-800-36Z-ZO50; services for taxpayers with special hearing and / or
speaking needs: 1-800-¢47-30Z0 (TT only).
REPLY TO:
Questions regarding errors contained on this notice should be addressed to: PA Department of Revenue, Bureau
of Individual Taxes, ATTN: Post Assessment Review Unit; Dept. IS0601, Harrisburg, PA 17liS-0601, phone
(717) 787-6505.
DISCOUNT:
If any tax due is paid within three (3) calendar months after the decedent's death, a five percent (SI) discount
of the tax paid is allowed.
PENALTY:
INTEREST:
The 15Z tax amnesty ~on-partic'ipation penalty is computed on the total of the tax and interest assessed, and not
paid before UanuarY 18~'1996, the first day after the end of the tax amnesty period.
Interest is 9barged beginning with first day of delinquency, or nine (93 months and one (1) day from the date of
death, to th~ date of payment. Taxes which became delinquent before January l, 198Z bear interest at the rate of
six (6Z) percent per annum calculated at a daily rote of .00016¢. All taxes which became delinquent on and after
January 1, 198Z will bear interest at a rote ~hich ail! vary from calendar year to calendar year with that rate
announced by the PA Department of Revenue. The applicable interest rates for 198Z through ZOOZ are:
Year Interest Rate Daily Interest Factor Year Interest Rate Daily Interest Factor
I983 I6~
I984 II~
1985 13X
1986 .. 102
1987 92
1988-1991"
.000548
.000438
.000301
.000356
,000Z74
.OOOZ47
.000301
1992 92 .000247
199~-1994 72 .O0019Z
1995-1998 92 .000247
1999 7~ .O0019Z
ZOO0 8X .O00Z19
2001 9g .000247
ZOOZ 6~ .000164
--Interest' is calculated as foll~ws:
INTEREST = BALANCE OF TAX UNPAID - X NUMBER OF DAYS DELINQUENT , X DAZEY INTEREST FACTOR
--Any Notice issued after tho tax becomes delinquent will reflect an interest calculation to fifteen (1S} days
beyond the date of the assessment. If payment is made after the interest computation date shown on the
Notice, additional interest must be calculated.
]iUREAU OF INDIVIDUAL TAXES
INHER[TANCE TAX DIV[S[ON
DEPT. 280601
HARRISBURG, PA 17128-0&0!
CONHONWEALTH OF PENNSYLVANIA
DEPARTHENT OF REVENUE
NOTICE OF'DETERNINATION AND
ASSESSHEN~ OF PENNSYLVANIA
ESTATE TAX BASED ON FEDERAL
CLOSING LETTER
/
· ~., :-' ' · ..;: DATE
i~..:~!;_;l ~',. . :, ESTATE OF
'O3
FRANK H KELLY
KELLY FINANCIAL SRVS
400 BRIDGE ST STE 4 ~i~'i': .... [
NEW CUMBERLAND PA 170:~,~['B~:,~c:C~ ~']~', ~:~r~:~
REV-7$6 EX AFP
12-08-2005
SCHAUFERT
DATE OF DEATH 12-12-2001
FILE NUMBER 21 02-0040
DEC.12 P 1:3?cOuNTY CUMBERLAND
ACN 202
Amount Remitted
JEANNE L
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17015
NOTE: To insure proper credit to your account~ submit the upper portion of this form with your tax payment.
CUT ALONG THIS LINE I~- RETAIN LOWER PORTION FOR YOUR FILES ~
REV-7$6 EX AFP C01-02) ~ NOTICE OF DETERMINATION AND ASSESSMENT
OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL CLOSING LETTER.~
ESTATE OF SCHAUFERT JEANNE L FILE N0.21 02-0040 ACN 202 DATE 12-08-2005
ESTATE TAx DETERM[NAT[ON
Credit For State Death Taxes as Verified
41,584.00
2. Pennsylvania Inheritance Tax Assessed
CExcluding DiScount and/or Interest)
54,275.50
.00
Inheritance Tax Assessed by Other States
or Territories of the United States
(Excluding Discount and/or Interest)
4. Total Inheritance Tax Assessed
54r275.50
5. Pennsylvania Estate Tax Due
.00
.00
.00
Amount of PennsYlvania Estate Tax Previously Assessed
Based on Federal Estate Tax Return
7. Additional Pennsylvania Estate Tax Due
TAX CREDITS
PAYMENT RECEIPT DISCOUNT C+)
DATE NUMBER INTEREST/PEN PAID C-) AMOUNT PAID
TOTAL TAX CREDIT I
BALANCE OF TAX DUE
INTEREST AND PEN.
TOTAL DUE
~[F PAID AFTER THIS DATE~ SEE REVERSE SIDE C[F TOTAL DUE IS LESS THAN ~, NO PAYMENT IS REQUIRED
FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A "CREDIT" CCR~ YOU MAY BE
DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR' INSTRUCTIONS.}
.00
.00
.00
.00
PURPOSE OF
NOTICE=
PAYNENT~
REFUND CCR)=
OBJECTIONS=
ADMIN-
ISTRATIVE
CORRECTIONS=
PENALTY=
INTEREST=
To fulfill the requirements of 'Section 2140 of the Inheritance and Estate Tax Act, Act 25'of 2000. (72 P.S.
Section 9140). . ,
Detach the top portion of this Notice and submit with your payment to the Register of Wills printed on the
reverse side.
-- Hake check or money order payable to= REGISTER OF NILLS, AGENT.
A refund of a tax credit may be requested by completing an 'Application for Refund of Pennsylvania
Inheritance and Estate Tax" (REV-151S). Applications are available at the Office of the Register.of
any of the 25 Revenue District 0fflces or from the Department°s 24-hour answering service for forms ordering=
1-800-362-2050; services for taxpayers with special hearing and/or speaking needs= 1-800-447-3020 (TT only).
Any party in interest not satisfied with the assessment of tax as sho~n on this'notice may obSect within
sixty C60) days of receipt of this Not/ce by~
--written protest to the PA Department of Revenue, Board of Appeals, Dept. 281021, Harrisburg, PA 17128-1021, OR
--electing to have the matter determined at audit ~f 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 Review 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.
The 15~ tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not
paid before January 18, 1996, the 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 'would appeal the tax and interest
that has been assessed as indicated on this notice.
Additional Pennsylvania Estate Tax assessed as a result of a change on the Federal Estate Tax closing
letter becomes delinquent at the expiration of ~ne (1) month from the date the final notice of the increase
in Federal Estate Tax is received.
Taxes which became delinquent before January 1; 19~2*bear interest a~ the rate of six (6X) percent per annum
calculated at a daily rate of .000164o All taxes which became de~inquept on or after January 1, 1982 will bear
interest at a rate which will 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 Daily Interest Factor
1982 20X .000548
1985 16~ .000438
1984 11~ .000301
1985 13~ .000356
1986 10~ .000274
.1987 9~ .000247
1988-1991 11~ .000301
--Interest is calculated as follows=
INTEREST = BALANCE OF TAX UNPAID
Year Xnterest Rate
1992 9~ .000247
1993-199~ 7X .000192
1995-1998 9~ , .000247
1999 7~ .000192
2000 BY, .000219
2001 9~' +- ._000247
2002 6~ .000164
X NUHBER OF DAYS DELINQUENT X DAILY INTEREST FACTOR
--Any Notice issued after the tax becOmes delinquent will reflect an interest calculation to fifteen (15) days
beyond the date. of the assessment. If payment is made after' the interest com~utation date sho~n on the
Notlce, additional interest must be calculated.
PLEASE FILE' THIS REPORT WITHIN TWO YEARS OF 'DATE OF DEATH
REGARDLESS OF THE STATUS OF THE ESTATE. IF ESTATE IS NOT COMPLETED,
FILE a 6.12 FORM YEARLY UNTIL COMPLETION.
Name of Decedent: Jeanne L. Schaufert
Date of Death: December 12, 2001
Will No.: 21-02-40
STATUS REPORT UNDER RULE' 6.12
Admin. No.:
Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the"~ollowing with
respect to completion of the administration of the above-captioned estate:
1. State whether administration of the estate is complete:
Yes X No
If the answer is No, state when the personal representative reasonably believes that
the administration will be complete:
3. If the answer to No. 1 is yes, state the following:
A. Did the personal representative file a final account with the court?
Yes No X
The separate Orphans' Court No. (if any) for the personal representative's
account is:
Date:
Co
Did the personal representative state an account informally to the parties in
interest? Yes No X
Do
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.
David W. Reager, Esquire
Reager & Adler, P.C.
2331 Market Street
Camp Hill, PA 17011
(717) 763-1383
Counsel for Personal Representative