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HomeMy WebLinkAbout08-29-0815056041125 REV-1500 Ex (06-D5, PA Department of Revenue Coun Code Year File Number Bureau of Individual Taxes ty Po Box 2aosol INHERITANCE TAX RETURN 2 1 0 8 0 0 4 2 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 1 2 2 9 2 0 0 7 0 7 1 6 1 9 2 0 Decedent's Last Name Suffnc Decedent's First Name MI H O V E T T E R E D N A A (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number FILL IN APPROPRIATE OVALS BELOW Q 1. Original Return 4. Limited Estate OX 6. Decedent Died Testate (Attach Copy of Will) 9. Litigation Proceeds Received THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS 2. Supplemental Retum 4a. Future Interest Compromise (date of death after 12-12-82) 7. Decedent Maintained a Living Trust (Attach Copy of Trust) 10. Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) 3. Remainder Return (date of death prior to 12-13-82) 5. Federal Estate Tax Retum Required 8. Total Number of Safe Deposit Boxes 11. Election to tax under Sec. 9113(A) (Attach Sch. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CO Name S U S A N J H A R T M A N Firm Name (If Applicable) D U N C A N & First line of address 1 I R V I N E Second line of address H A R T M A N, R O W City or Post Office C A R L I S L E AND CONFIDENTU-L TAX INFORMATION SHOULD BE DIRECTED T0: Daytime Telephone Number REGISTER OF WILLS USE ONLY i P C r-.., -,, ~ - ~ _ -_ C. _~ <.. ~ 'C7 _ _ -i a '~ - ~ _~ ~~ ~ ' 1 ~ ~: ~ ~ --, State ZIP Code I idTE~Ft~D - __ .. ; ~_ ~--~ , i ~- Correspondents a-mail address: SUSanhal~n'lan@p8.net Under penalties of perjury, I dedare that I have examined this return, inducting accomparrying sd>edules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Dedaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNATURE OF PERSO)bRESPONSIBLE FOR FILING RETURN nnTr; ADDRESS ~ -- _ _ ~ _~-r 7210 TALHELM ROAD CHAMBERSBURG pPA 172p0~1 S T~REP E O H R THAN PRESENT~~1~L~ 0~~7~ Q ADDRESS ~ ~ ~ ~~ 3 FOX HOLLOW LANE CARLISLE PA 17015 PLEASE USE ORIGINAL FORM ONLY Side 1 15056041125 15056041125 15056042126 REV-1500 EX Decedent's Social Security Num ber Decedent'sWame: EDNA A. HOVETTER RECAPITULATION 1. Real estate (Schedule A) .................................... 1 .... 1 8 5 0 0 0, 0 0 2. stocks and Bonds (Schedule B) .............................. .... 2. 1 9 3 0 2 8 1, 9 9 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) . .... 3. 4. Mortgages 1£ Notes Receivable (Schedule D) .................... .... 4. 5. Cash, Bank De osits & Miscellaneous Personal Pro a .. , P p rty (Schedule E) .. , , 5. 4 3 5 5 2 , 3 4 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ... .... 6. 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G) ^ Separate Billing Requested ... .... 7. 8. Total Gross Assets (total Lines 1-7) ....................... .... 8. 2 1 5 8 8 3 4, 3 3 9. Funeral Expenses & Administrative Costs (Schedule H) ............ .... 9. 9 8 9 3 7 , $ 3 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) ........ .... 10. 2 1 3 4 4 , 5 9 11. Total Deductions (total Lines 9& 10) ....................... .... 11. 1 2 0 2 8 2, 4 2 12. Net Value of Estate (Line 8 minus Line 11) ..................... .... 12. 2 0 3 8 5 5 1 , 9 1 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) .............. .... 13. 5 0 0 0 , 0 0 14. Net Value Subject to Tax (Line 12 minus Line 13) .............. .... 14. 2 0 3 3 5 5 1 , 9 1 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2)x.o _ 0. 0 0 15. 0. 0 0 16. Amount of Line 14 taxable 2 0 3 3 5 5 1. 9 1 at lineal rate X •045 1g_ 9 1 5 0 9. 8 4 17. Amount of Line 14 taxable 0 0 0 0 0 0 , at sibling rate x .12 17. . 18. Amount of Line 14 taxable 0 0 0 0 at collateral rate X .15 18 ~ 0 0 19. Tax Due ................................................19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 15056042126 9 1 5 0 9. 8 4 ~~1 15056042~,~~, J REV-1500 EX Page 3 Decedent's Complete Address: (1) 91,509.84 DECEDENTS NAME EDNA A. HOVETTER STREET ADDRESS 125 STOUGHSTOWN ROAD CITY STATE Zip SHIPPENSBURG PA 17257 Tax Payments and Credits: ~• Tax Due (Page 2 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount 3. Interest/Penalty if applicable D. Interest E. Penalty 89,000.00 4,684.07 Total Credits (A + g +C) (2) 93,684.07 File Number 21 08 0042 Total InterestlPenalty (D + E) (3) 0.00 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. (4) 2,174.23 5. If Line 1 + Line 3 is greater than Line 2, enter the difffference. This is the TAX DUE. (5) 0.00 A. Enter the interest on the tax due. B. Enter the total of Line 5 +5A. This is the BALANCE DUE. (5A) (5B) Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred : ...................................................................... ^ Q b. retain the right to designate who shall use the property transferred or its income; ............................... ^ X^ c. retain a reversionary interest; or .............................................................................................. ^ .. d. receive the promise for life of either payments, benefits or care? ....................................................... ^ Q 2. If death occurred after December 12,1982, did decedent transfer property within one year of death without receiving adequate consideration? ....................................................................................... ^ ^X 3. Did decedent own an "intrust for" or payable upon death bank account or security at his or her death? ......... ^ ^X 4. Did decedent own an Individual Retirement Arxount, annuity, or other non-probate property which contains a beneficiary designation? .................................................................................................. ^ ^X 0.00 IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1,1994 and before January 1,1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1,1995, the tax rate imposed on the net value of transfers to odor the use of the surviving spouse is zero (0) percent [72 P.S. §9116 (a) (1.1) (ii)). The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even ff the surviving spouse is the only beneficary. For dates of death on or after July 1,2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent (72 P.S. §9116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116(1.2) (72 P.S. §9116(a)(1)). The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. REV-1502 EX + (6-98) scHE®u~~ a COMMONWEALTH OF PENNSYLVANIA REAL ESTATE INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF NUMBER EDNA A. HOVETTER 21 08 0042 All real property owned solety or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, ne'r~er being compelled to buy or self, both having reasonable knowledge of the relevant facts. Real orooerty which is iointly-owned with right of survnrorship must be disclosed on Schedule F. VALUE AT DATE ITEM NUMBER DESCRIPTION OF DEATH 1. 125 STOUGHSTOWN ROAD 185,000.00 SHIPPENSBURG, PA 17257 [SEE APPRAISAL ATTACHED] TOTAL (Also enter on line 1, Recapitulation) ~ $ 185,000.00 (If more space is needed, insert additional sheets of the same size) REV-1503 EX + (6-98) SCHEDULE B COMMONWEALTH OF PENNSYLVAN{A STOCKS & BONDS INHERITANCE TAX RETURN RESIDENT DECEDENT OF FILE NUMBER EDNA A. HOVETTER 21 08 0042 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. PNC WEALTH MANAGMENT ACCOUNT # 3848677 1,930,281.99 [SEE ATTACHED VALUATIONS] TOTAL (Also enter on line 2, Recapitulation) ~ ~ (If more space is needed, insert additional sheets of the same size) REV-1508 EX + (8-98) SCHEDULE E COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, & MISC. INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE QF FiLE NUMBER EDNA A. HOVETTER 21 08 0042 Indude the proceeds of litigation and the date the proceeds were received by the estate. All properly jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. M8~T BANK ACCOUNT # 97314927 15,301.74 [SEE ATTACHMENT] 2. 1996 DODGE CARAVAN ES MINIVAN 3,215.00 [SEE KELLEY BLUE BOOK VALUATION ATTACHED] 3. 1991 JOHN DEERE 855 MFWD TRACTOR SN 25059 7,469.00 4. ~ 1991 JOHN DEERE 60" MID-MOWER 5. 1991 JOHN DEERE 70A LOADER 6. 1991 JOHN DEERE 3 PT. WOODS BLADE 7. 1991 JOHN DEERE PROAM SNOW BLOWER 8. 1987 JOHN DEERE SX75 RIDER MOWER SN421691 9. 1993 JOHN DEERE 265 L&G TRACTOR W/48" MOWER 10. ~ HOUSEHOLD PERSONAL PROPERTY 11. IAARP REFUND CHECK 12. PPL REFUND CHECK 13. PROCEEDS FROM CAR 14. (WASTE MANAGEMENT REFUND 15. (PENN NATIONAL INSURANCE REFUND 16. (COMMONWEALTH OF PA TAX REFUND TOTAL (Also enter on line 5, Recapitulation) $ 43 552.34 (If more space is needed, insert additional sheets of the same size) REV-1511 EX+(12-99) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN SCHEDULE H FUNERAL EXPENSES 8r ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER EDNA A. HOVETTER 21 08 0042 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. FOGELSANGER-BRICKER FUNERAL HOME 2. FUNERAL LUNCHEON 3. MINISTER B. 1 2. 3. 4. ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative (s) TIMOTHY HOVETTER & THOMAS HOVETTER Soaal Security Number(s)IEIN Number of Personal Representative(s) Street Address 3 FOX HOLLOW ROAD 8~ 7210 TALHELM ROAD c;ry CARLISLE ~ CHAMBERSBURG state PA zip 1701317201 Year(s) Commission Paid: AttomeyFees DUNCAN ~ HARTMAN, PC Fatuity Exemption: (If decedents address is notthe same as claimants, at~ch explanation) Claimant Street Address City State Zip Relationship of Claimant to Decedent Probate Fees REGISTER OF WILLS 5 ~ A~untanYs Fees 6. 7. 8. 9. 10. Tax Retum Preparers Fees REGISTER OF WILLS SHORT CERTIFICATES CUMBERLAND LAW JOURNAL -LEGAL AD NEWS CHRONICLE -LEGAL AD HELD 1N RESERVE 10,228.68 271.15 100.00 56,350.00 28,000.00 1,321.00 12.00 75.00 80.00 2,500.00 TOTAL (Also enter on line 9, Recapitulation) I $ 98, 937.83 (If more space is needed, insert addfional sheets of the same size) REV-1512 EX + (12-03) SCHEDULE 1 COMMONWEALTH OF PENNSYLVANIA DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES, ~ LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER EDNA A. HOVETTER 21 08 0042 Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, inciuding unreimbursed medical expense. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. U.S. TREASURY 2007 ESTIMATED TAX QUARTERLY PAYMENT 4,280.00 2. PA DEPARTMENT OF REVENUE 2007 ESTIMATED PERSONAL INCOME TAX 1,290.00 3. PPL -ELECTRIC BILLS 49.47 4. PENN NATIONAL HOMEOWNERS POLICY 668.00 5. EMBARQ 65.79 6. PENN TOWNSHIP 42.50 7. PPL -ELECTRIC BILL 46.60 8. EMBARQ 37.98 9. SHIPLEY ENERGY COMPANY 925.96 10. ZEPLIN'S SECURITY GROUP, INC. 154.50 11. PPL -ELECTRIC BILL 60.55 12. DIVERSIFIED APPRAISAL SERVICES 800.00 13. REPAIRS TO 125 STOUGHSTOWN ROAD, SHIPPENSBURG, PA 125.00 14. POSTAGE 10.42 15. EMBARQ 3$.89 TOTAL (Also enter on line 10, Recapitulation) 13 (H more space is needed, insert addfional sheets of the same size) Continuation of REV-15001nheritance Tax Return Resident Decedent EDNA A. HOVETTER 21 08 0042 Decedent's Name Page 2 File Number Schedule 1-Debts of Decedent, Mortgage Liabilities, 8 Liens ITEM NUMBER DESCRIPTION AMOUNT 16. PA DCNR 25.00 17. PENN NAT{ONAL INSURANCE COMPANY 132.00 18. MABEL STITT -TAX COLLECTOR 3.94 19. BEVERLY ROSENBERRY -TAX COLLECTOR 351.93 20. PPL 52.81 21. U.S. TREASURY -TAXES 3,836.00 22. PA DEPARTMENT OF REVENUE -TAXES 861.00 23. EMBARQ 38.52 24. CUMBERLAND VALLEY TREE SERVICE 50.00 25. PPL 52.72 26. BROWN'S CUSTOM POOLS 27. FAHNESTOCK'S LANDSCAPING 28. EMBARQ 29. PPL 30. FAHNESTOCK'S LANDSCAPING 541.48 523.64 38.63 75.91 313.76 SUBTOTAL SCHEDULE I ~ 6,897.34 Continuation of REV-1500 Inheritance Tax Return Resident Decedent EDNA A. HOVETTER 21 08 0042 Decedent's Name Page 3 File Number Schedule I -Debts of Decedent, Mortgage Liabilities, & Liens ITEM NUMBER DESCRIPTION AMOUNT 31. SOYER & RITTER, CPAS 903.35 32. NEGLEY'S WELL DRILLING 111.39 33. BROWN'S CUSTOM POOLS 116.60 34. SHIPLEY ENERGY 1,514.30 35. EMBARQ 38.63 36. FAHNESTOCK'S LANDSCAPING 313.76 37. PPL 68.87 38. FAHNESTOCK'S LANDSCAPING 390.08 39. REIMBURSEMENT -SUPPLIES 247.00 40. PPL 94.16 41. BROWN'S CUSTOM POOLS 174.70 42. EMBARQ 39-09 43. BEVERLY ROSENBERRY -TAX COLLECTOR 1,839.66 SUBTOTAL SCHEDULE l 5,851-59 GRAND TOTAL SCHEDULE I S 21, 344.59 REV-1513 EX + (9-00) SCHEDULE J COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER EDNA A. HOVETTER 21 08 0042 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY I)o Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [nGude outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] 1. TIMOTHY G. HOVETTER Lineal 3 FOX HOLLOW ROAD 50 % SHARE CARLISLE, PA 17013 2. THOMAS L. HOVETTER Lineal 7210 TALHELM ROAD 50 % SHARE CHAMBERSBURG, PA 17201 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET II. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. TRINITY UMC 5,000.00 WALNUT BOTTOM, PA 17266 TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET E 5 000.00 (If more space is needed, insert additional sheets of the same size) LAST WILL AND TESTAMENT OF EDNA A. HOVETTER I, EDNA A. HOVETTER, of Sh.;.ppensburg, Cumberland County, Pennsylvania, declare this to be my Last Will and Testament, and revoke any and all Wills and Codicils made by me. ITEM I: I direct .that all my just debts and funeral expenses, including my grave marker and all expenses of my last illness, shall be paid from my residuary estate as soon as practicable after my decease, as a part of the expense of administration of my estate. ITEM II: I give my household and personal effects and other tangible personal property of like nature to my spouse, WILLIAM F. HOVETTER, JR., if he survives me, together with all insurance policies thereon, if any. If my spouse, WILLIAM F. HOVETTER, JR., does not survive me, I give such property to those of my children who survive me, in approximately equal shares. ITEM III: If my spouse, WILLIAM F. HOVETTER, JR., survives me, I give, devise and bequeath to my Trustee, hereinafter named, to be held IN TRUST, during the life of my said spouse, WILLIAM F. HOVETTER, JR., a sum equal to the maximum dollar amount, if any, which can pass free of federal estate tax in my estate by reason of the unified credit against federal estate tax allowable to my estate on the date of my death (the "credit shelter amount"), reduced by the aggregate of (1) all items includable in my estate for federal estate tax purposes which either are disposed of in previous articles of this Will or pass outside of this Will but only if such items do not qualify for the federal estate tax marital deduction or the federal estate tax charitable deduction, and (2) the amount of any administration expenses claimed as income tax rather than estate tax deductions and (3) the amount of any state death taxes payable by my estate. This trust shall be referred to and known as my Credit Shelter Trust. The aforementioned sum shall be held for the following uses and purposes: A. To pay the income to him in convenient installments, at least quarter-annually. B. The Trustee may apply the net income of this trust for the benefit of my said spouse should he by reason of age or illness be incapable of disbursing it. C. As much of the principal of this trust as the Trustee, in its sole and absolute discretion may from time to time think advisable for the support of my spouse to maintain him in the station of life to which he is accustomed at my death and after taking into consideration his other readily available- assets and sources of. income, including any benefits he may enjoy from Social Security, Medicare, and Medicaid programs, benefits from the trust established. in Item IV of this Will, or during illness or emergency, may be either paid to him or applied directly for him. I direct that my Trustee make no distribution from Credit Shelter Trust principal which would reduce the 2 benefit to which my spouse would otherwise be entitled under any governmental program, including Social Security, Medicare and Medicaid. D. Upon the death of my spouse, WILLIAM F. HOVETTER, JR., the then-remaining principal and any accumulated or undistributed income shall be distributed in equal shares, one share to each of my children, TIMOTHY G. HOVETTER and THOMAS L. HOVETTER, or their issue, per stirQes (including my step-grandchild, NICOLE L. GROVE, who shall be regarded under this Will as the issue of my son, Timothy); PROVIDED that if any beneficiary entitled to distribution shall then be under age twenty-eight (28), the share of such beneficiary shall be held by the Trustee, IN FURTHER SEPARATE TRUST, for the following uses and purposes: 1. If the beneficiary is under age eighteen (18), to expend and apply so much of the net income (any income not expended or applied to be accumulated and added to principal) and so much of the principal of each trust as the Trustee, after consultation with the guardian of said beneficiary, shall consider advisable for the support, maintenance and education (including college education, both graduate and undergraduate). 2. After the beneficiary attains the age of eighteen (18), thereafter to pay to such beneficiary the net income together with so much of the principal thereof as Trustee shall consider advisable for the support and 3 education (including college education, both graduate and undergraduate) of such beneficiary, after taking into consideration his other readily available assets and sources of income. 3. Up to one-third (1/3) of the then-remaining principal and accumulated income of that beneficiary's share at age twenty-two (22) on the request of the beneficiary shall be distributed to him at or after age twenty-two (22); up to one-half (1/2) of the then- remaining principal and accumulated income of his share at age twenty-six (26) at his request shall be distributed to him at or after age twenty-six (26); and up to the entire balance of principal and accumulated income then remaining of his share at his request shall be distributed to that beneficiary at or after age twenty-eight (28). Distributions at or after these stated ages shall be made only in the event the beneficiary requests such distribution by a writing intended to take effect during his lifetime, executed by him upon or after attaining each of the stated ages .and delivered to my Trustee. 4. If any beneficiary shall die before receiving final distribution of his entire share, the undistributed balance shall be distributed to his surviving issue, per stirpes; PROVIDED, that if any such beneficiary is then under age twenty-one (21), the share of such beneficiary shall be held in FURTHER SEPARATE 4 TRUST governed by the terms stated in ITEM III-D until such twenty-first (21st) birthday, after which all principal and accumulated income shall be distributed upon written request. No distributions of principal on demand shall be made except in the sole and absolute discretion of the Trustee prior to the twenty-first (21st) birthday of the respective beneficiary. In default of any such issue, then to my then-living children or their issue, per stirpes, the share of any child whose original share is then being held IN TRUST to be added to and treated as part of that trust. E. I direct that my Executor and his successors shall not elect that this trust be included in my spouse's estate as a part of the marital deduction. This direction shall also apply as to sums added by virtue of a disclaimer by my spouse, pursuant to Items VI and VIII hereof . ITEM IV: If my spouse, WILLIAM F. HOVETTER, JR., survives me, I give, devise and bequeath the rest, residue and remainder of my estate of every nature and wherever situate to my Trustee, hereinafter named, to be held in Trust during the life of my said spouse for the following uses and purposes: A. To pay the income derived from the principal to my spouse in convenient installments, at least quarter- annually. B. The Trustee may apply the net income of this 5 trust for the benefit of my said spouse should he by reason of age or illness be incapable of disbursing it. C. As much of the principal of this trust as the Trustee, in its sole and absolute discretion may from time to time think advisable for the support of my spouse to maintain him in the station of life to which he is accustomed at my death and after taking into consideration his other readily available assets and sources of income, including any benefits he may enjoy from Social Security, Medicare, and Medicaid programs, or during illness or emergency, may be either paid to him or else be applied directly for him. For purposes of invading principal, the principal of this Trust shall be exhausted prior to the Trustee invading principal from the Credit Shelter Trust established in Item III hereof. D. My spouse may at any time by written notice require my Trustee to either make any non-productive property hereof productive or convert such non-productive property to productive property within a reasonable time. E. My Executor shall be authorized, in his sole, exclusive and unrestricted discretion, to determine whether to elect (under Section 2056(b)(7) of the Internal Revenue Code of 1954, as amended, or any corresponding provision of state law) to qualify all or a specific portion of this Trust for the federal estate tax marital deduction and any marital deduction available under the 6 law of the state in which I am domiciled at the time of my death. I suggest, but do not direct, that in exercising such discretion, my Executor attempt to minimize (or eliminate, if possible) the federal and state estate, inheritance or other death taxes payable by my estate at the time of my death.- However, my Executor should also consider the effect of his election upon the federal and state estate, inheritance or other death taxes which will be payable by my spouse's estate at his death. The decision of my Executor with respect to the exercise of the election shall be final and conclusive upon all persons whose interest in my estate are directly or indirectly affected by the election. F. Upon the death of my spouse, WILLIAM F. HOVETTER, JR., my Trustee shall pay the Executor of my spouse's estate all income accrued but undistributed at the date of my spouse`s death. My Trustee shall then dispose of the principal as follows: 1. To pay to the Executor of my spouse's estate, out of the principal of the trust, am amount equal to the estate, inheritance, transfer, succession or other death taxes ("death taxes"), federal, state and other, payable by reason of the inclusion of the value of the trust property in his estate. Such payment shall be equal to the amount by which (1) the total of such death taxes paid by my spouse's estate exceeds (2) the total of such 7 death taxes which would have been payable if the value of the trust property had not been included in his estate. The determination by my spouse's Executor of the amount payable hereunder shall be final; I direct my Trustee to pay such amount promptly upon written request of my spouse's Executor. The final determination of the amount due hereunder shall be .based upon the values as finally determined for federal estate tax purposes in my spouse's estate. After payment of the amount finally determined to be due hereunder, my Trustee shall be discharged from any further liability with respect to such payment. My spouse may waive his estate's right to payment under this subparagraph by a Will, executed after my death, in which he specifically refers to the right to payment .hereby given to his estate. 2. To pay the principal, if any, remaining on my spouse's death and after payment of the tax reimbursement to my spouse's estate as hereinabove stated, in equal shares to my children, TIMOTHY G. HOVETTER and THOMAS L. HOVETTER, or their issue, per stirpes, as stated more completely in Item III D hereof. ITEM V: Should my spouse, WILLIAM F. HOVETTER, JR., predecease me, I give, devise and bequeath the rest, residue and remainder of my estate of every nature and wheresoever situate in equal shares, one share to each of my children, TIMOTHY G. HOVETTER and THOMAS L. HOVETTER, or their issue, per 8 stirpes, as stated more completely in Item III D hereof. ITEM VI: If my spouse, WILLIAM F. HOVETTER, JR., makes a qualified disclaimer (as defined in Sec. 2518 of the Internal Revenue Code, as amended) with respect to all or any portion of the interest in property given to him under any provision of my Will, I give such disclaimed property interests to the Trustee of my Credit Shelter Trust, IN TRUST, for the benefit of my said spouse during his lifetime with the balance of the principal and interest passing to my children, TIMOTHY G. HOVETTER and THOMAS L. HOVETTER, all in conformity with the terms of Item III D hereof. ITEM VII: My Executor, Trustee, and their successors shall have the following powers in addition to those vested in them by law and by other provisions of my Will, applicable to all property, whether principal or income, including property held for minors, exercisable without court approval, and effective until actual distribution of all property: A. To borrow money from any person or institution, including my fiduciary and to mortgage or pledge any or all real or personal property as it in its sole discretion shall choose, without regard for the diapositive provisions of this instrument, except that no property passing to the marital deduction share shall be so mortgaged or pledged. B. To reasonably compromise claims asserted by or against my estate. 9 C. To join with my spouse in filing a joint income tax return without requiring him to indemnify my estate against liability for the tax attributable to his income, and to consent to any gifts made by my spouse being treated as having been made one-half by me for the purpose of federal laws relating to gift tax. D. To retain any or all of the assets of my estate, real or personal, without regard to any principle of diversification or risk. E. To sell at public sale, to exchange, or to lease for any period of time, any real or personal property and to give option for sales, exchanges, or leases, for such prices and upon such terms or conditions as they deem proper. F. To make loans to, to sell to, and to buy property from my or my spouse's executor or administrator or my trustee. This shall not be construed as a command to exercise these powers under any circumstances. All sums payable to the trust established in Item TII hereof from whatever source shall be utilized for such loans or to purchase assets from my Executrix at final federal estate tax values. G. To exercise any law-given option to pay death taxes in installments, the payment of interest due on such installments to be a charge against principal of my Credit Shelter Trust. 10 H. Notwithstanding any power granted expressly or impliedly herein, such shall be void and of no effect as to the marital gift if such would either eliminate said gift or reduce it below that elected by my Executor. Furthermore, in no event shall there be included in the Item IV bequest any asset or the proceeds of any asset which will not qualify for the marital deduction. Such assets shall be included in the principal of my Credit Shelter Trust. I. Either cash or investments or both may be allocated to the trust created in Item IV; provided that any property allocated in kind shall be valued at the value at which it is finally included in my gross estate for federal estate tax purposes, and further provided that the aggregate market value thereof on the date of allocation (plus the value as finally determined for federal estate tax purposes of all other property qualifying for the marital deduction) is at least equal to the dollar value of the marital deduction as finally determined for federal estate tax purposes. ITEM VIII: Anything in this Will to the contrary notwithstanding, any beneficiary under this Will may, at any time and from time to time, release, renounce, or disclaim, in whole or in part, or otherwise limit any power or interest granted to such beneficiary under this Will, by written instrument, duly signed, acknowledged before a Notary Public 11 and filed with my Executor or with the Trustee of any trust hereunder. Such instrument need not take effect immediately and may be contingent upon the occurrence or nonoccurrence of any event. In addition, my Executor serving hereunder at any time may in like manner release, renounce or disclaim, in whole or in part, or otherwise limit any power granted to such fiduciary hereunder. ITEM IX: All shares of principal and income hereby given shall be free from anticipation, assignment, pledge or obligation to the beneficiaries and any of them, and shall not be subject to any execution, attachment, levy or sequestration or other claims of the creditors of said beneficiaries or any of them. ITEM X: All Federal, state and other death taxes payable because of my death with respect to the property forming my gross estate for tax purposes, whether or not passing under this Will, including any interest or penalty imposed in connection with such tax, shall be considered a part of the expense of the administration of my estate and shall be paid out of the principal allocable to my Credit Shelter Trust without apportionment or right of reimbursement. Under no circumstances shall any such taxes be paid or payable from the proceeds forming a part or all of the marital trust of Item IV hereof . ITEM XI: I appoint DAUPHIN DEPOSIT BANK & TRUST COMPANY 12 to serve as the Trustee under this Will. ITEM XII: I direct that no Executor, Trustee or their successors serving hereunder be required to post bond or enter security in any jurisdiction. ITEM XIII: I appoint my spouse, WILLIAM F. HOVETTER, JR., Executor of this my Last Will and Testament. Should my spouse, WILLIAM F. HOVETTER, JR., fail to qualify or cease to act as Executor, I appoint my children, TIMOTHY G. HOVETTER and THOMAS L. HOVETTER, or the survivor of them, Co-Executors of this my Last Will and Testament. ITEM XIV: As Guardian of any property which passes under or outside of my Will to a minor and with respect to which I am authorized to appoint a Guardian and have not specifically done so outside of my Will, I appoint my surviving son. In the event my surviving son fails to qualify or ceases to act as Guardian, I appoint the surviving parent of the child as Guardian of the property passing to a minor. Such Guardian shall not be required to post bond or enter security in any jurisdiction and shall have all of the responsibility, authority and discretion herein granted to Trustee as to property held for minors. ITEM XV: All references herein to the singular or the masculine shall include the plural or the feminine respectively, where appropriate throughout this my Last Will and Testament. Wherever the term °'issue" is used in this Will, it shall include Nicole L. Grove, as if she were a natural 13 child of Timothy G. Hovetter, as well as any after born or adopted children of my sons, TIMOTHY G. HOVETTER and THOMAS L. HOVETTER. IN WITNESS WHEREOF, I have hereunto set my hand and seal this ~ day of ~~;,~~.;:;"~ ~ , 1992. _ ~, ,~, . EDNA A. HOVETTER The preceding instrument, consisting of this and thirteen other typewritten pages, was, on the date thereof signed, published and declared by EDNA A. HOVETTER, the Testatrix therein named, as and for her Last Will, in the presence of us, who, at his request, in her presence, and in the presence of each other, have subscribed our names as witnesses hereto. ~ /, r lt~,~t ~~~ residing at ;;~,~.ILJi,~ -7"Ult,rX , /~'S~ ~f~Lsl__~, ~~-,~Q~.,~'~.~lresiding at ~~~°° ,~ h~' 14 COMMONWEALTH OF PENNSYLVANIA SS: COUNTY OF DAUPHIN WE, EDNA A. HOVETTER, fi,A-~ ~~1G~~~~ and `~-, ~y',,¢ l,~j ~,,~+~ , the Testatrix and the witnesses, respectively, whose names are signed to the attached or foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed and executed the instrument as her Last Will, and that she had signed willingly and that she executed it as her free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testatrix, signed the Will as witnesses and that to the best of their knowledge the Testatrix was at that time eighteen years of age or older, of sound mind and under no constraint or undue influence . EDNA A. HOVETTER - /~-~~ Witness .~----- Witness G` Subscribed, sworn to and acknowledged before me by EDNA A. HOVETTER, the Testatrix, and subscribed anti sworn to before me by ~,~;f~ ~ /=yr.~( and ~_~YY.4 ~~(d~ e.~'f'~~ ~x witnesses, this ---t--- day of ~a ^ ~ , 1992. Notary ' P ~ ~.~.~,~~,:, ~. ~~k~~ ~~ ~~~ ~~~~~.~,to~ ~~ I, EDNA A. HOVETTER, of Shippensburg, Cumberland County, Pennsylvania, declare this to be the sole codicil to my Last Will dated August 27, 1992. ITEM I: I hereby revoke ITEM II and in lieu thereof provide as follows: I give and bequeath my household and personal effects and other tangible personal property of like nature to my spouse, WILLIAM F. HOVETTER, JR., if he survives me by thirty (30) days, together with all insurance policies thereon, if any. If my spouse, WILLIAM F. HOVETTER, JR., fails to survive me by thirty (30) days, I give such property, in equal shares, to my children, TIMOTHY G. HOVETTER and THOMAS L. HOVETTER, or the survivor of them. My children shall choose the items they each desire. In the event of any problem or disagreement, the determination of the attorney for my estate resolving such shall be final. To the extent my said children do not desire all of my tangible personal property, as set forth above, I give and bequeath such items for donation to either or both of the following charities in shares as my Executor determines, in his sole and absolute discretion: SALVATION ARMY and AMERICAN RED CROSS. ITEM II: In addition to the charitable donation contained in Item I above, I give and bequeath the sum of FIVE THOUSAND ($5,000.00) DOLLARS to TRINITY UNITED METHODIST CHURCH located in Walnut Bottom, Pennsylvania, for general church purposes. ITEM III: I hereby revoke ITEM X and in lieu thereof provide as follows: All federal, state and other death taxes payable because of my death, with respect to the property passing under this Will and forming my gross estate for tax purposes, including any interest or penalty imposed in connection with such tax, shall be paid out of the non-marital residue of my estate, if any. Any such tax, including interest or penalty imposed, due by virtue of taxable property forming my gross estate not passing under this Will shall be paid directly from such property and shall not be paid out of the marital or charitable deduction share of my estate. It is my specific command and intent herein that no property forming part of the marital or charitable deduction share of my estate be utilized 2 to pay or be reduced by any federal estate or Pennsylvania (or other state) inheritance or estate taxes. ITEM IV: I hereby revoke ITEM XI and in lieu thereof provide as follows: I appoint DAUPHIN DEPOSIT BANK & TRUST COMPANY to serve as the Trustee under this Will. My two sons, or the survivor of them, shall have the right to secure on demand the resignation of my corporate trustee and designate a corporate successor from time to time. ITEM V: In all other respects, I hereby ratify, confirm and republish my Last Will dated August 27, 1992, together with this sole Codicil, as and for my Last Will. IN WITNESS WHEREOF, I have hereunto set my hand this ,~ ,~,~~`,_;, ~~, da of 1998 . t y , Y EDNA A. HOVETTER Signed, published and declared on the date thereof by the above named EDNA A. HOVETTER as and for the sole Codicil to her Last Will dated August 27, 1992, in the presence of us, who at her request, in her presence, and in the presence of each other, have subscribed our names as witnesses hereto. .. ~ ~'' ~- 'l ~-°~~ ~ ~ ~ - residing at ~ ~~ ~~ ; .- .._ / ~,/. 2' / ~ ~ y~ r r •. a '•- ~,~, ~~~J-~s, /~ ; a , f~,.~~~ 't-`'>`'~f' 1~es iding at ' ~~a'~~~,~/~ Vii' ~~%` f'~l/ ;`~~' i~ - ~l ~ P ~ r/ `~,..~~; COMMONWEALTH OF PENNSYLVANIA COUNTY OF DAUPHIN SS: i` J i'.. ,'..', ~._ WE , EDNA A . HOVETTER , ( ;~ /,%~~ ~ ~ , ~_ u ~~' /`/~i~_ and ~~t;.'Mt7~1t ~= ~ ~..~.?~~~~.~~-~ the Testatrix and the witnesses, respectively, whose names are signed to the attached or foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the Testatrix signed and executed the instrument as her Codicil to her Last Will and Testament dated August 27, 1992, and that she had signed willingly and that she executed it as her free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testatrix, signed the Codicil as witnesses and that to the best of their knowledge the Testatrix was at that time eighteen years of age or older, of sound mind and under no constraint or undue influence. F.TINA a un~~~m~r~n Witness Subscribed, sworn to and acknowledged before me by EDNA A. HOVETTER, the Testatrix, and,.,~,ubscribed and sworn to before me by ~_ ~~~.~:-~,; i~ v t! 1' .~k-._ and .~~+a~rr-~a ~~ ~C,l/v~ ~:~.~'%="~d, witnesses, this s x?~~~r' day of ~ t;~r , ~ ~' 1998 . ~ , 1 E ~ ~ - '" p~ ~~ ~'~~ ~ s, otar -~ Public Notarial Seal Wlarsha FuAer, Notary Public Harrisburg, l7auphin County My Commission Fxpires July 2, 2Q~1 1 APPRAISAL REPORT 125 STOUGHSTOWN ROAD SHIPPENSBURG, PENNSYLVANIA PREPARED FOR THE ESTATE OF EDNA A. HOVETTER BY LARRY E. FOOTE DIVERSIFIED APPRAISAL SERVICES 35 EAST HIGH STREET, SUITE 101 CARLISLE, PENNSYLVANIA 17013-3052 (717) 249-2758 /pan`"` i y"~4 ~ ~°+. ~ ~ .Y r~~,, ~ SII~VIMARY OF IMPORTANT FACTS AND CONCLUSIONS LOCATION: 125 Stoughstown Road Shippensburg, Pennsylvania TAX PARCEL NUMBER: 41-11-0302-004 IMPROVEMENTS: One-story detached single-family dwelling, garage, storage building, swimming pool and pavilion. PROPERTY RIGHTS: Fee simple interest. OWNERSHIP HISTORY: The subject property is owned by Edna A. Hovetter. No sale of the subject property has taken place during the past three years. SCOPE OF THE ASSIGNMENT: The scope of the assignment included an analysis of the subject's area, an inspection of the subject property, an estimation of the property's highest and best use, consideration of all three approaches to value, and the application of those relevant to the valuation of the subject. OBJECTIVE: To estimate the market value of the subject property as unencumbered. EFFECTIVE DATE: December 29, 2007. HIGHEST AND BEST USE: Continued use as asingle-family residence. COST APPROACH: N.A. SALES APPROACH: $185,000 INCOME APPROACH: N.A. FINAL VALUE CONCLUSION: $185,000 2 APPRAISAL CERTIFICATION I hereby certify that upon application for valuation by: THE ESTATE OF EDNA A. HOVETTER the undersigned personally inspected the following described property: All that certain piece or parcel of land, with the improvements thereon erected, situate in South Newton Township, Cumberland County, Pennsylvania, bounded and described as follows: Beginning at a stone in the public road at the corner of land now or formerly of John Woodburn, Levi Shughart and H.E. Frehn; thence by the Frehn land North 72.5 degrees East 28.2 perches to a post; thence by the lands now or formerly of Peter Bixler et al North 14 degrees West 79.25 perches to a post; thence South 88.5 degrees West 37.3 perches to the public road; thence along said road South 37.5 degrees East 23.5 perches to the place of beginning. Less, however, a tract of land taken for Interstate 81 and a tract of land sold to John W. Pattison, leaving a net land size of approximately 7 acres, according to a previous conversation with Edna A. Hovetter. A search of Cumberland County Recorder of Deeds records indicated that no deed has been recorded relative to the sale to John W. Pattison. To the best of my knowledge and belief the statements contained in this report are true and correct, and that neither the employment to make this appraisal nor the compensation is contingent upon the value reported, and that in my opinion the Market Value as of December 29, 2007 is: ONE HUNDRED EIGHTY-FIVE THOUSAND DOLLARS $185,000 The property was appraised as a whole, subject to the contingent and limiting conditions outlined herein. L .Foote Certified General Appraiser GA-000014-L 3 -~ y VVEAaLT H MAi~[~AGEMEl~1T January 25, 2008 Susan J Hartman Duncan & Hartman PC Attorneys at Law One Irvine Row Carlisle PA 17013 Re Edna Hovetter Estate Dear Ms Hartman: Per your letter dated January 15, 2008, we have enclosed the following items from the Estate of Edna A Hovetter: Estate Tax Securities Evaluation *This report list all assets held in trust as of date of death *The income and principal money market balance on the last page A check payable to the Estate of Edna Hovetter *In the amount of $56,483.00 Income money market balance $19,889.35 Principal money market balance $36,593.65 If you have any questions please contact Allen Rushing at (717) 730-2382 or Curt Stauffer at (717) 730-2250. Sincerely, r t'~ ,,}. 3 ~. ~, Y,~ j., Denise C Ryan Trust Administrative Advisor .r' ;~ Enclosure .~....- o~~-iYi l3~i u~ ~'~i8 ~t~C ri~i~+ii2ial ~~fVICOr ~fquP 42<<2 Carlisle Pike Camp Hill Pennsylvania 1701'1 s sorted by security. ESTATE TAX SECURITIES VALIIATION PAGE NO. 1 ;sue ,COUNT: 3848677 Name o£ Estate: EDNA A HOVETTER DATE OF DEATH: Saturday, December 29 2007 SHARES/ DESCRIPTION PRICE HIGH/ASK LOW/HID MEAN SECURITY ACCRUED C0244ENTS PEM CUSIP NO. PAR VALUE DATE PRICE PRZCE PRICE VALUE DIV/INT --- --------- -- 1) 019228402 --------- 10,000 ALLIED IRISH BICS P L C 12/28 46.0100 45.6000 45.80500 NYSE SPON ADR ORD 12/31 46.2600 45.5000 45.88000 45.84250 458,425.00 2) 043148501 686.8610 ARTISAN FDS INC 12/28 13.9200 13.92000 12,345.11 MUT FUND SML CAP VALUE 3) 060505104 1,075 HANK OF AMERICA CORPORATION 12/28 41.6900 40.8400 41.36500 NYSE COM 12/31 41.6000 40.6100 41.10500 41.23500 44,327.63 4) 067383109 275 BARD C R INC 12/28 95.3300 94.6500 94.99000 NYSE COM 12/31 95.2500 94.5800 94.91500 94.95250 26,111.94 5) 104250FH3 50,000 BRADFORD CNTY PA 12/28 100.7080 100.6570 100.68250 NASDAQ DT 07/01/2004 4.000 05/01/201 412/31 100.7460 100.6940 100.72000 100.70125 50,350.63 Int. From: 11/01/2007 to 12/29 /2007 327.78 6) 23339E731 33,803.5020 DWS iNVTS TR 12/26 10.2400 10.24000 346,147.86 MUT FOf7D SHTRM MUHDFD S 7) 235851102 350 DANAHER CORD DEL NYSE COM 12/31 88.4300 87.5400 B8.01500* 68.06500 30,822.75 *DIV. EX 12)27/2007 REC 12/31/ 2007 PAY 01/25/2008 0.03000. *Added to Mean Price 8) 249030107 1,000 DENTSPLY IN'PL INC NEW 12/26 - 45.4800. 44.9200 45.20000 NASDAQ COM 12/31 45.3800 44.7100 45.04500 45.12250 45,122.50 D1V $0.0450 EX 12/24/2007 REC 12/27/20 07 PAY 01/06/2008 45.00 9) 26875P101 150 EOG RES INC 12/28 91.2200 89.6900 90.45500 NYSE COM 12/31, 91.3300 89.0900 90.21000 90.33250 13,549.88 10) 276642103 825 EBAY INC 12/28 34.3200 33.4588 33.88940 NASDAQ tors 12/31 33.6000 33.0400 33.32000 33.60470 27,723.66 11) 302316102 350 EXXON MOHIL CORD NYSE COM 12/31 9Q.9600 93.5100 94.23500 94.27250 32,995.38 12) 302571104 400 FPL GROUP INC 12/28 68.9900 68.3200 68.65500 NYSE COM 12/31 68.8000 67.5200 68.16000 68.40750 27,363.00 13) 354613101 175 FRANIQ,IN RES INC 12/28 115.8200 113.2400 114.53000 NYSE ~~ 12/31 115.7000 113.2200 114.46000 114.49500 20,036.63 DIV $0.2000 EX 12/26/2007 REC 12/28/2007 PAY 01/11/2008 35.00 400 FREEPORT-MCMORAN COPPER ~ ~~ NYSE 14) 356710857 12/31 104.0000 101.1200 102.56000 COM 103.46750 41,387.00 15) 36467W109 800 GAMESTOP CORD NEW 12/28 62.9900 61.9200 62.45500 NYSE CL A 12/31 62.5400 61.7700 62.15500 - 62.30500 49,844.00 16) 369550106 325 GENERAL DYNAMICS CORD NYSE COM 12/31 89.5300 68..1600 88.84500 89.17750 28,962.69 Issues sorted by security. ESTATE TAX SECURITIES VALUATION ACCOUNT: 3848677 Name of Estate: EDNA A HOVETTER DATE OF DEATH: Saturday, December 29 2007 ITEM CUSIP NO, SHARES/ DESCRIPTION PRICE HIGH/ASK LOW/BID MEAN pAR Vp1,j7E DATE PRICE PRICE PRICE 17) 369609103 900 GENERAL ELECTRIC Co 12/28 37.5800 37.0600 37.32000 COM 12/31 37.3000 36.9600 37.13000 37.22500 DIV $0.3100 EX 12/20/2007 REC 12/24/2 007 PAY 01/25/2008 16) 382388106 600 GOODRICH CORD 12/28 73.3100 70.8500 72.08000 COM 12/31 71.3500 70.4100 70.68000 71.48000 DI'V $0.2250 EX 11/29/2007 REC 12/03/2 007 PAY 01/02/2008 19) 411511306 237.7870 HARBOR FD 12/28 71.6300 71.63000 IN'PL FD INSTL 20) 450911102 525 ITT CORP NEW 12/28 66.3500 65.2600 65.80500 coM 12/31 66.1400 64.5900 65.34000 65.57250 DIV $0.1400 EX 11/14/2007 REC 11/16/2 007 PAY 01/01/2008 21) 458140100 1,525 IN'SEL COAP 12/28 27.2700 26.6500 26.96000 COM 12/31 27.0000 26.5900 26.79500 26.87750 22) 539830109 200 LOCKHEED MARTIN CORP 12/28 108.8400 106.3500 107,59500 COM 12/31 107.2500 105.2584 106.25420 106.92460 23) 569050102 400 MEDCO HEALTH SOLUTIONS INC 12/28 102.3500 100:3900 101.37000 COM 12/31 102.4900 100.6100 101.55000 101.46000 24) 594918104 550 MICROSOFT CORD ~ 12/28 36.2300 35.6700 35.95000 COM 12/31 35.9900 35.5200 35.75500 35.65250 25) 6524BE1D4 1,900 NEws coRP 12/28 20.9700 20.5600 20.76500 CL A 12/31 20.7700 20.4300 20.60000 20.68250 26) 665859104 500 NORTHERN TR CORP 12/2B 78.2800 76.4900 77,38500 CoM 12/31 77.5700 75.7900 76.68000 77.03250 DIV $0.2600 EX 12/06/2007 REC 12/10/2007 PAY 01/0 2/2008 27) 70917NG99 50,000 PENNSYLVANIA ST HIGHER EDL FAC 12/28 105.3550 105.1050 105.23000 DT 05/15/2004 4.80D~ 09/01/201912/31 105.2930 105;0430 105.16800 105.19900 Int. From: 09/01/2007 to 12/29/2007 28) 709208DW9 50,000 PENNSYLVANIA ST PUB SCH BLDG A 12/28 105.3850 105.1350 105.26000 DT 06/15/2004 4.5006 05/15/201412/31' 105.5580 105.3080 105.43300 105.34650 Int_ From: 11/15/2007 to 12/2 9/2007 29) 713448108 300 PEPSICO INC 12/28 77.3200 76.5700 76.94500 COM 12/91 76.9300 75.7500 76.34000 76.64250 DIV $0.3750 EX 12/05/2007 REC 12/07/2007 PAY 01/0 2/2008 30) 717081103 1,475 PFIZER INC 12/28 23.1000 22.8200 22.96000 COM 12/31 22.9300 22.6900 22.81000 22.88500 31) 774341101 575 ROCKWELL COLLIxS 1NC 12/26 72.8200 71.9100 72.36500 CoM 12/31 72.5400 71.4100 71.97500 72.17000 PAGE NO _ 2 SECURITY ACCRUED COMMENTS VALUE DN/INT NYSE 33,502.50 279.00 NYSE 42,.888.00 135.00 17,032.68 MUT FUND NYSE 34,425.56 73.50 NASDAQ 40,988.19 NYSE 21,384.92 NYSE 40,564.00 NASDAQ 19,718.88 NYSE 39,296.75 NASDAQ 38,516.25 140.00 NASDAQ 52,599.50 793.33 NASDAQ 52,673.25 281.25 NYSE 22,992.75 112.50 NYSE 33,755.38 NYSE d1,497.75 Issues sorted by security. ESTATE TAX SECURITIES VALUATION PAGE NO. 3 ACCOUNT: 3848677 Name of Estate: EDNA A HOVETTER DATE OE DEATH: Saturday, December 29 2007 ITEM CUSIP NO. S8P1tES~ DESCRIPTION PRICE HIGH/ASK LOW/BID MEAN SECURITY ACCRUED COMMENTS PAR VALUE DATE PRICE PRICE PRICE VALUE DIV/INT 32) 832110100 500 SMITH INTL INC 12/28 75.4200 73.9000 74.66000 NYSE coM 12/31 75.3900 73.4300 79.41000 74.53500 37,267.50 DIV $0.1000 EX 12/12/2007 REC 12/14/2007 PAY 01/14/2008 50.00 33) 939322103 1,700 WASHINGTON MUT INC 12/28 13,6900 13.0500 13.37000 NYSE cOM 12/31 14.0000 12.8100 13.40500 13.38750 22,758.75 34) 94973V107 300 WELLPOIN'P INC 12/28 88.6900 ~ 87.3900 88.09000 NYSE COM 12/31 88.2100 87.4500 87.83000 67.93500 26,380.50 35) 993077106 36,593.6500 BLACKROCK LIQUIDITY FONDS TEMPFUND 36,593.65 0.00 MANUAL PRINCIPAL CASH 36) 999077100 19,889.35 00 BLACKROCK LIQUIDITY FUNDS TEMPFUND 19,889.35 0.00 MANUAL zHCOME cases Grand Totals Total Principal plus Accrued interest and dividends ---------------- ------------ 1,930,281.99 2,272.36 1,932,554.35 V :~ ~ s 5 `~ 3 = ~ a .. ©t~2 5u~4~3~- ~•~: This report was prepared using APPRAISE Ver. 7,4.1 software, an EVALUATION SERVICES, INC. product. Phone 201 784 8500. Visit our web sites at WWW.APPRAISENJ.COM and WWW.COSTBASIS.INFO. Q MBT Bank 499 Mitchell Street, Millsboro, DE 19966 February 11, 2008 Duncan 8s Hartman, P.C. Attorneys at Law One Irvine Row Carlisle, PA 17013 RE: Estate of Edna Hovetter Date of Death: December 29, 2007 Social Security Number: Dear Ms. Hartman: In response to your request, please be advised that at the time of death, the above- named decedent had on deposit with this bank the following accounts. 1. Account Type ........................... Checldng Account Account Number ....................... 97314927 Ownership (Names oj~ .............. Edna Hovetter Opening Date ...........................11/28/82 (account closedOl/14/08) Balance on Date of Death.........$15,301.12 Accrued Interest $ 0.62 Total .......................................$15,301.74 The above named decedent did not have a safe deposit box. * If upon reviewing the information above, you believe there are additional accounts not referenced, please provide us with an account number and/or the name of any possible joint account holder. For any additional information on the above accounts, including ownership and any changes, closures and/or reimbursement of funds, please contact our Walnut Bottom Branch at 28 Walnut Bottom Road, Shippensburg, PA 17257, or # 717-532-2414. Sincerely, ~ ~ GG~ ~~~"~`~ ~~ Charlene Warrington, Reco s Management 1-888-502-4349 Kelley Blue Book -Private Party Pricing Report -Dodge, Caravan ~~~ ~~ ~ THEE TlttlSTEa RESOURCE ~ Page 1 of 2 Se advertisement '' _ ` . ~ ~ ~~~ ~ ON SELELTlA{13YEL5 § RNN~§ PLUS f$QwIU$ riUR ~~IY6OifiWS ~'~'~ .- _ , ~~' ...W FMbiAE'f11)YYN GQIfGE OE/4lER ~` ""~' ~ ~~~ ~o N~ ~ e . • - F 1996 Dodge Caravan ES Minivan SLUE ~UOK~' PR~V'ATE PARTY VALUE Condition Value Excellent $4,060 Good $3,670 ~ Fair $3,215 (Selected) Average Consumer Rating (60 Reviews) Read Reviews f.~~.`t .~` 4 out of 5 Review This Vehicle Vehicle Highlights Mileage: 83,349 Engine: V6 3.3 Liter Transmission: Automatic Drivetrain: FW D Selected Equipment Standard Second Sliding Door Power Windows Dual Front Air Bags 7 Passenger Tilt Wheel ABS (4-Wheel) Air Conditioning AM/FM Stereo Alloy Wheels Power Steering Cassette Blue Book Private Party Value Private Party Value is what a buyer can expect to pay when buying a used car from a private party. The Private Party Value assumes the vehicle is sold "As Is" and carries no warranty (other than the continuing factory warranty). The final sale price may advertisement ---- httn•//ww~n~khh enm/KRR/TTearl(`arc/Prir;,,~RP„~,-t aerw7Aii~n„f~.~t,,.-orT.a-11~P.V~,....T.-1-1n i ~'~c~'~~^~ Close Window Kelley Blue Book -Private Party Pricing Report -Dodge, Caravan Page 2 of 2 vary depending on the vehicle's actual condition and local market conditions. This value may also be used to derive Fair Market Value for insurance and vehicle donation purposes. Vehicle Condition Ratings Excellent '~~ $4,060 • Looks new, is in excellent mechanical condition and needs no reconditioning. • Never had any paint or body work and is free of rust. • Clean title history and will pass a smog and safety inspection. • Engine compartment is clean, with no fluid leaks and is free of any wear or visible defects. • Complete and verifiable service records. Less than 5% of all used vehicles fall into this category. Good ~~;~~ $3,670 • Free of any major defects. • Clean title history, the paints, body, and interior have only minor (if any) blemishes, and there are no major mechanical problems. • Little or no rust on this vehicle. • Tires match and have substantial tread wear left. • A "good" vehicle will need some reconditioning to be sold at retail. Most consumer owned vehicles fall into this category, '~ Fair (Selected) Q' $3, 215 • Some mechanical or cosmetic defects and needs servicing but is still in reasonable running condition. • Clean title history, the paint, body and/or interior need work performed by a professional. • Tires may need to be replaced. • There may be some repairable rust damage. Poor ~3 N/q • Severe mechanical and/or cosmetic defects and is in poor running condition. • May have problems that cannot be readily fixed such as a damaged frame or crusted-through body. • Branded title (salvage, flood, etc.) or unsubstantiated mileage. Kelley Blue Book does not attempt to report a value on a "poor" vehicle because the value of these vehicles varies greatly. A vehicle in poor condition may require an independent appraisal to determine its value. * Pennsylvania 1/25/2008 httn://www.kbb.com/KBB/LJsedCars/PricinaRenort.asnx?ManufacturerTd=1 ~~YPa,-Tai=19 ~ /~S~~nnQ