HomeMy WebLinkAbout09-26-08,7 `.
J 15056051058
REV-1500 EX (06-05) OFFICIAL USE ONLY
PA Department of Revenue
Bureau of Individual Taxes County Code Year File Number
Po Box 280601 INHERITANCE TAX RETURN
Harrisburg, PA 17128-0601 RESIDENT DECEDENT 21 08 0432
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death Date of Birth
176-34-7755 01 /27/2008 05/05/1918
Decedent's Last Name Suffix Decedent's First Name MI
Snyder Violet E
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name MI
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
• 1. Original Return 2. Supplemental Return 3. Remainder Return (date of death
prior to 12-13-82)
4. Limited Estate _' 4a. Future Interest Compromise (date of 5. Federal Estate Tax Return Required
death after 12-12-82)
• 6. Decedent Died Testate 7. Decedent Maintained a Living Trust 0 8. Total Number of Safe Deposit Boxes
(Attach Copy of Will) (Attach Copy of Trust)
9. Litigation Proceeds Received ` : 10. Spousal Poverty Credit (date of death 11. Election to tax under Sec. 9113(,A)
between 12-31-91 and 1-1-95) (Attach Sch. O)
CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytime Telephone Number
John P. Neblett, Esq. (717) 737-2430
Firm Name (If Applicable)
REGISTER OF WILLS USE ONLY
Boyle, Neblett & Wenger !~--;
_~ -
First line of address , ;-~ <r~ y : ,- __~
~
'~
4660 Trindle Road '
'
`'
~
';
Second line of address , I ti..,.
Suite 200
_~
City or Post Office State ZIP Code DATE_FILED - - _
J
Camp Hill ..~
PA 17011 ,~ _ i ~~_ ' ,.'
rv
Correspondent's a-mail address: 1pn@neblettlaW.COm
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief,
it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge.
~( SIB TURE N RE PONSIBLE OR FILING RETURN DATE J
//~~___ ' " ~ /~ Q
122 N. Locust Point Road,`(~llechanicsburg, PA 17050
iIGNA PR ARER OTHER THAN REPRESENTATIVE
/S/~ ~,/
H KtSJ V ~-
660 Trindle Road, Suite 200, Camp Hill, PA 17011
PLEASE USE ORIGINAL FORM ONLY
Side 1
15056051058 15056051058
REV-1500 EX
15056052059
Decedent's Name: VIOIet E Snyder
._
RECAPITULATION
1. Real estate (Schedule A) . ............................................ 1.
2. Stocks and Bonds (Schedule B) ....................................... 2.
3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ..... 3.
Decedent's Social Security Number
176-34-7755
4. Mortgages & Notes Receivable (Schedule D) .......................... ... 4.
5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ..... ... 5.
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.
9. Funeral Expenses & Administrative Costs (Schedule H) .................. ... 9.
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) .............. .. 10.
11. Total Deductions (total Lines 9 8 10) ................................. .. 11.
12. Net Value of Estate (Line 8 minus Line 11) ............................ .. 12.
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which
an election to tax has not been made (Schedule J) ...................... .. 13.
14. Net Value Subject to Tax (Line 12 minus Line 13) ...................... .. 14.
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 .0_ 0.00 15.
16. Amount of Line 14 taxable
at lineal rate X .0 45 59,327.12 16.
17. Amount of Line 14 taxable
at sibling rate X .12 130.00 17
18. Amount of Line 14 taxable
at collateral rate X .15 355.00 ,R
19. TAX DUE ......................................................... 19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
15056052059
Side 2
0.00
0.00
0.00
~D.00
8,749.21
74,182.95
1).00
82,932.16
17,288.72
5, 83'1.32
23,120.04
59,812.12
0.00
59,812.12
0.00
2,669.72
15.60
53.25
2,738.57
15056052059
REV-1500 EX Page 3
Decedent's Complete Address:
File Number
21 nR n4~~
DECEDENT'S NAME
Violet E Snyder DECEDENT'S SOCIAL SECURITY NUMBER
STREET ADDRESS 176-34~-7755
820 Lisburn Road, Apt. 508
CITY
Camp Hill STATE ZIP
PA i
17011
Tax Payments and Credits:
1. Tax Due (Page 2 Line 19) (1) 2
738
57
2. Credits/Payments ,
.
A. Spousal Poverty Credit 0.00
B. Prior Payments 2,850.00
C. Discount 142.50
Total Credits (A + g + C)
3. Interest/Penalty if applicable (2) 2,992.50
D. Interest 0.00
E. Penalty 0.00
Total InteresUPenalty (D + E)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (3) 0.00
Fill in oval on Page 2, Line 20 to request a refund. (4) 253.93
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 0.00
A. Enter the interest on the tax due. (5A) 0.00
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) 0.00
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 :.................................................................................. ........ ^
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 after December 12, 1982, did decedent transfer property within 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. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? ................................................................................................................. ....... ^ ^Q
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 or for the use of the surviving spouse is zero (0) percent
[72 P.S. §9116 (a) (1.1) (ii)J. 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 if the surviving spouse is the only beneficiary.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an
adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116(a)(1.2)J.
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.
RE1i1508 EX+ (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
ESTATE OF FILE NUMBER
Violet E. Snyder 21-08-0432
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM
NUMBER
DESCRIPTION
VALUE AT DATE
OF DEATH
1. Birthstone ring
30.00
2. Mother's ring
55.00
3. Mother's wedding ring
50.00
4. Necklace
10.00
5. Engagement ring
200.00
6. Necklace and earrings
20.00
7. Miscellaneous clothing items
50.00
8. Mother's pin
50.00
9. Silver-colored curved star pin with gems
25.00
10. Gold chain
10.00
11. Purple gem plus teardrops
10.00
12. Pre-paid funeral arrangements with Parthemore Funeral Home
8,239.21
13. Note: Automobile listed in Item IV of the Will was transferred to the son 3 years prior to the death of the
Decedent and is therefore not part of the Estate.
TOTAL (Also enter on line 5, Recapitulation) $ I 8,749.21
(If more space is needed, insert additional sheets of the same size)
REV-1509 EX+ (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE F
JOINTLY-OWNED PROPERTY
is la I t OF FILE NUMBER
Violet E. Snyder 21-08-0432
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 DE=CEDENT
A. Gerald H. Snyder
B.
C
JOINTLY-OWNED PROPERTY:
122 N. Locust Point Road, Mechanicsburg, PA 17050 ~ Son
ITEM
NUMBER LETTER
FOR JOINT
TENANT DATE
MADE
JOINT DESCRIPTION OF PROPERTY
INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR
IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE.
DATE OF DEATH
VALUE OF ASSET % OF
DECD'S
INTEREST DATE OF DEATH
VALUE OF
DECEDENT'S INTEREST
1. A. 08129105 Luzerne National Bank Corporation Stock,CUSIP 550748107, 381 shares
16,325.85 °
50 /0
8,162.93
2• A. 09106/05 BP PLC Stock, CUSIP 055622104, 91 shares 5,769.86 50% 2,884.93
3• A. 03/10/89 Sovereign Bank Certificate of Deposit, Acct. No. 0575134069 56,670.83 50% 28,335.42
4. A. 04/15/96 Sovereign Bank Certificate of Deposit, Acct. No. 0575136221 34,215.06 50% 17,107.53
5. A. 04113194 Sovereign Bank Certificate of Deposit, Acct. No. 0575136858 24,022.61 50% 12,011.31
6• A. 10!11/89 Sovereign Bank Money Market, Acct. No. 0571140173 3,829.64 50% 1,914.82
7~ A. 08/01165 PNC Bank Checking Acct. No. 5140060075 7,532.02 50% 3,766.01
_ TOTAL (Also enter on line 6, Recapitulation) 15 74,182.95
(If more space is needed, insert additional sheets of the same size)
RE`d-1511 EX+ (12-99)
SCHEDULE H
COMMONWEALTH OF PENNSYLVANIA FUNERAL EXPENSES &
INHERITANCE TAX RETURN ADMINISTRATIVE COSTS
RESIDENT DECEDENT
e~tAtt ur FILE NUMBER
Violet E. Snyder 21-08-0432
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A• FUNERAL EXPENSES:
1' Parthemore Funeral Home 8,239.21
z. Rolling Green Cemetary Company 246.00
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personal Representative(s) Gerald H. Snyder
Social Security Number(s)/EIN Number of Personal Representative(s) 195 _ 32-4451
street Address 122 N. Locust Point Road
city Mechanicsburg state PA zip 17050
Year(s) Commission Paid: 2008
2. Attorney Fees
3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
City State
Relationship of Claimant to Decedent
4. Probate Fees
5. Accountant's Fees
6. Tax Return Preparer's Fees
7. The Sentinel -Estate Notice
$. Cumberland County Law Journal -Estate Notice
s• Sovereign Bank -Estate checking service fees and checks
~o• Boyle, Neblett & Wenger -Costs incurred in administration
Zip
4,146.61
X4,146.61
205.00
0.00
0.00
167.58
75.00
34.85
27.86
TOTAL (Also enter on line 9, Recapitulation) I $ 17,288.72
(If more space is needed, insert additional sheets of the same size)
RE\~~1512 EX+ (12-03)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE 1
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
ESTATE OF FILE NUMBER
Violet E. Snyder ~~_nR_na~~
rzeport tlebts incurred by the decedent prior to death which remained unpaid as of the date of death. includinn ~~~~plmti~~.~oa ,.,va~,.~i e,..a..~.,~.
tir more space is needed, Insert additional sheets of the same size)
' RE~I-1b13 EX+(g-00)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE J
BENEFICIARIES
ESTATE OF FILE NUMBER
Violet E. Snyder 21-08-0432
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY RELATIONSHIP TO DECEDENT
Do Not List Trustee(s) AMOUNT OR SHARE
OF ESTATE
I TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under
Sec. 9116 (a) (1.2)]
1 ~ Gerald H. Snyder 122 N. Locust Point Road, Mechanicsburg, PA 17050 Son 59,327.12
2~ Shirley A. Snyder 122 N. Locust Point Road, Mechanicsburg, PA 17050 Daughter-in-law 155.00
3. Thelma Snyder 3100 Jodhpurs Lane, Apt. 3408, Orlando, FL 32837 Daughter-in-law 200.00
4. Princess Snyder 3100 Jodhpurs Lane, Apt. 3408, Orlando, FL 32837 Granddaughter 62.50
5. Zara Snyder 3100 Jodhpurs Lane, Apt. 3408, Orlando, FL 32837 Granddaughter 67.50
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEEI'
II NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET I $
(If more space is needed, insert additional sheets of the same size)
LAST WILL AND TESTAMENT
OF
VIOLET E. SNYDER
I, VIOLET E. SNYDER, of 820 Lisburn Road,/~pt. 508, Camp Hi11, Cumberland
County, Pennsylvania, 17011, being of sound and disposing mind and memory, do
hereby make, publish and declare this for and as my Last Will and Tesl•ament hereby
revoking any and all Wills or Codicils by me at any time heretofore made.
I hereby further state that I am. a widow and I have one living child, GERALD
H. SNYDER, and one deceased child, BYRON W. SNYDER, and I have two
grandchildren, PRINCESS SNYDER and ZARA CRYSTAL SNYDER.
ITEM I - I direct my Executor, hereinafter named, to pay all my just and
lawful debts and funeral expenses out of my personal estate as soon after my
decease as is convenient.
ITEM II - I specifically give and bequeath my birth stone ring to my
granddaughter, PRINCESS, of Orlando, FL.
ITEM III - I specifically give and bequeath my mother's ring to my
granddaughter, ZARA, of Orlando, FL.
ITEM IV - I specifically give and bequeath my automobile to my son,
GERALD, of Mechanicsburg, PA.
ITEM V - I specifically give and bequeath my mother's wedding ring and
mother's pin, asilver-colored curved star pin with gems in the center, to my
daughter-in-law, SHIRLEY, of Mechanicsburg, PA.
ITEM VI - I specifically give and bequeath my necklace, gold chain, and
purple gem plus teardrops which dad purchased from Mary years ago, to my
daughter-in-law, SHIRLEY, of Mechanicsburg, PA.
ITEM VII - I specifically give and bequeath my engagement ring, to my
daughter-in-law, THELMA, of Orlando, FL.
ITEM VIII - I specifically give and bequeath my necklace and earrings to my
granddaughter, PRINCESS, of Orlando, FL.
2
ITEM IX - I give, devise and bequeath all the rest, residue and remainder of
my estate real, personal and mixed wheresoever situate as follows:
A. 50% to my son, GERALD, per stirpes;
B. 50% to my Trustee, IN TRUST, for my deceased son, BYRON's,
children, then living, in equal shares, who are PRI~JCESS SNYDER
and ZARA CRYSTAL SNYDER, in accordance with niy Trust
provisions as follows.
ITEM X - With respect to the rest, residue and remainder of my estate, real,
personal and mixed, if either of my sons predecease me with children surviving, then
that son's children shall inherit my son's respective share of my estate. I direct the
creation of a Trust for my grandchildren's benefit as follows:
1 direct my Trustee, for the Trust of my grandchildren, to hold, invest, and
reinvest the rest, residue and remainder of my estate which is distributed into this
Trust, and after paying all the expenses necessary or incidental to the management
of the Trust, to pay over or to apply such part or parts of the income acid/or principal
as in my Trustee's sole discretion, may be necessary or advisable for the
maintenance, support, education, health and welfare, of my grandchildren, as
follows:
(a) Until my oldest grandchild reaches the age of eighteen
(18) years, the Trustee shall pay to or apply for the benefit
of all of my grandchildren, in monthly or other convenient
3
installments, so much of the net income, up to the whole thereof,
as the Trustee in its discretion deems advisable for their proper
maintenance, support, health, education and welfare.
At the end of each year, the Trustee shall accumulate and add the
remaining net income to the principal. In the event that the income
shall be insufficient to provide my grandchildren with
adequate maintenance, support, health, education and welfare, the
Trustee may invade the principal of this Trust for these purposes.
(b) At the time my oldest grandchild attains the age of
eighteen (18) years, said trust shall be divided into equal
separate trusts for each respective grandchild then living,
each trust to be held and administered as a separate trust
for each of my grandchildren, then living. Furthermore, at
the time each of my grandchildren attains the age of of
twenty- two years, cone-third share of the balance of
principal and interest of his or her respective Trust shall ~e
then paid to him or her.
(c) At the time each of my grandchildren attains the age of
twenty-five (25) years, one-half of the remaining balance
of principal and interest of said grandchild's respective
Trust shall be then paid to him or her.
4
(d) At the time each of my grandchildren attains the age
of twenty-eight (28) years, the remaining balance of
principal and interest of said grandchild's respective Trust
shall be then paid to her and said grandchild's respective
Trust shall terminate.
(e) After each of my grandchildren attains the age of
twenty-two (22) years, each grandchild shall receive the
net income from his or her respective Trust, at least
quarter annually. The Trustee shall continue to have sole
discretion with respect to the application of principal for
each grandchild's maintenance, support, education, health
and welfare.
(f) If one of my grandchildren should predecease me
or die during the term of his or her TRUST, then I give,
devise and bequeath the rest, residue and remainder of
my Estate or the remaining balance of principal and
interest in his or her respective TRUST
to my Trustee, IN TRUST, for the benefit of my remaining
grandchildren then living, to be held and administered in
accordance with the provisions of This Will and Trust.
ITEM XI - The term "education" includes both college and post-graduate
study at any accredited institution of the beneficiary's choice as well as trade schools,
vocational schools, technical schools, etc., for any period of time that in the judgment
of the Trustee is advantageous to the beneficiary; the Trustee shall provide adequate
amounts for all related living and travel expenses of the beneficiary within
reasonable limits.
ITEM XII - No beneficiary or remainderman of the trust shall have any right
or power, except as otherwise specified, to sell, transfer, assign, pledge, mortgage,
alienate or hypothecate his or her interest in the principal or income of the trust
estate in any manner whatsoever. To the fullest extent of the law, the interest of
each and every beneficiary and remainderman shall not be subject to the claims for
any of his or her creditors or liable to attachment, execution, bankruptcy
proceedings, or any other legal process. The trustee shall pay, disburse, and
distribute principal and income of the trust estate only in the manner provided for in
this Will and not on any attempted transfer or assignment, whether oral or written, of
any beneficiary or remainderman, nor by operation of law.
ITEM XIII - 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 part of the expenses of the
administration of my estate and shall be paid from my estate without apportionment
6
or right of reimbursement. All such taxes on present or future interests shall be paid
at such time or times as my Executor may think proper, regardless of whether such
taxes are then due.
ITEM XIV - No interest of any beneficiary under this Will or any Codicil
hereto shall be subject to anticipation or to voluntary or involuntary alienation.
ITEM XV - I nominate and appoint my son, GERALD H. SNYDER, as the
Executor of this, my Last Will and Testament. If he should predecease me or should
be unable to serve as my Executor, I nominate and appoint M & T BANK, as the
successor-Executor of this, my Last Will and Testament.
ITEM XVI - I nominate and appoint my son, GERALD H. SNYDER, as the
Trustee of this, my Last Will and Testament. If he should predecease me or should
be unable to serve as my Trustee, I nominate and appoint M & T BANK, as the
successor-Trustee of this, my Last Will and Testament.
ITEM XVII - No bond or other security shall be required of my Executor
appointed in this Will.
7
ITEM XVIII- If any provision of this Will or any Codicil thereto is held to be
inoperative, invalid, or illegal, it is my intention that all of the remaining provisions
thereof shall continue to be fully operative and effective so far as is possible and
reasonable.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this
~` day of ~G~1"'~"'' , 2002, at ~~~ i ~, Pennsylvania.
~•
VIOLET E. SNYDER
Witnesses:
residing at /`it'l/
residing at
8
'• ~
Estate Valuation
Date of Death: C1/27/2008
Valuation Date:
C1/27/2008 Estate of: Estate of '/iolet E. Snyder
Processing Date:
03/31/2008 Report Type: Date of Death
Number of Securities: 2
File ID: Snyder Estate Stock Values
Shares
or Par Security
Description
High/Ask Low/Bid Mean and/or
d Div and Int Security
A
justments Accruals Value
1; 91 BP PLC (055622104)
SPONSORED ADR
New York Stock Exchange
01/25/2008 65.03000 62.89000 H/L
O1/28/20C8 63.84000 61.91000 H/L
63.405000 5,769.86
2) 381 LUZERNE NATL BK CORP (550798107)
COM
OTC Bulletin Board
01/25/2008 44.00000 41.25000 A/B
C1/31/2008 43.75000 93.75000 H/L
Div: 0.25 Ex: 01/02/2008 Rec: 01/04/2008 Pay: 01/28/2008 92.850000
95.25 :'.6,325.85
Total Value:
Total Accrual:
Total: 522,190.96
522,095.7
595.25
Page i
This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions,
please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.4)
~'
BOYL,~, N~Bh~TT -~~~ W~NG~R
atto r n ev s at 1 aw
John P. Neblett, Esquire 4660 "t"r~«dlo Read, U«~te 200
jpn@neblettlaw.com T 717.737.2430
www.dennie6oy~e~aw.cc~m
September 17, 2008
PA Department of Revenue
Bureau of Individual Taxes
P. O. Box 280601
Harrisburg, PA 17128-0601
RE: Estate of Violet E. Snyder
No.: 21-08-0432
Our File No.: 10335
Dear Sir or Madam:
Lamp Hi~l, P~ 17011
P 717.'737.2452
www.ne~~ett~aw.com
Please accept this letter as an explanation of calculations which we have done in the
Inheritance Tax Return.
In Item X of the Decedent's Will, Violet Snyder requested the creation of a trust for the
benefit of the children of her deceased son, Byron Snyder. Mrs. Snyder declared her son, Gerald
Snyder, as the Trustee of such a trust.
In gathering all of the assets held by Mrs. Snyder at the time of her death, it revealed that a
significant portion of the assets was j ointly held with her son, Gerald Snyder, and thereby funds were
not available to fund any trust. We have determined that the portion of the residue which was
intended under the Will to fund the trust, would be in the amount of $25.00. We have discussed this
matter with Gerald Snyder, the Executor and Trustee, who has indicated that it is not practicable to
fund a trust with $25.00, and will therefore pay the appropriate share to each grandchild directly,
namely Princess Snyder and Zara Crystal Snyder. The trust proceeds are included in the calculations
shown on Schedule H of the Inheritance Tax Return.
Should you have any questions or require any further information, please do not hesitate to
contact me.
Sincerely yours,
__------
hn eblett
JPN/par
uNCONrP~~~.~r~rrc Gerald H. Snyder, Executor, Trustee
THE LAW.,
BOYLE, N~BI~~TT ~~~ W~NG~R
attc~ rncys at ~ aw
__
-~~~~~0 ~I~rin~~c P~>ad, ~uilc 2O0
T 717.73%.2430
„~„,v.d~„„~,b~,~l.~l„~~.<<~~„
September 17, 2008
Cumberland County Register of Wills
Cumberland County Courthouse
One Courthouse Square
Carlisle, PA 17013
RE: Estate of Violet E. Snyder
No.: 21-08-0432
DOD: January 27, 2008
Our File No.: 10335
Dear Sir or Madam:
Camp IIi~~, P~~ 1 701 I
F 7] 7.7737.2462
\VN\V. IIC~~ ICELId W.I'tl ITl
r~
~-~
~.~ .'_~
co -
i~
~
;:a
`-~
~ cn
rn
...c,
~~=_
; r~ ~_.!
' ~
-~ ~,
_.
" - .-~,
~~
--+
~.
N
Enclosed please find an original and three copies of the PA Inheritance Tax Return and
Inventory for the above-referenced Estate. Please return atime-stamped copy to me in the envelope
enclosed for your convenience.
Please note that we have included a letter of explanation with the Return which we would
request be forwarded with the Return to the Department of Revenue.
If you have any questions, please feel free to call.
Sincerely yours,
J . Neblett
JPN/ldl
Enclosures
cc: Gerald H. Snyder, Executor
UNCOMPLICATING
THE LAW,
~~
~~~;.
z a
a
~ti ~~
c::$
a c~~ i._
T)
~i
Y~ ~,
-~7,rfti'.,,., N O L
~?p g
. , , _. , t.,~,~
z~rjr
~4
}^R •'
'"
Ss
6
U
ti
Q~
~~
ss
U
ti
Q~
~~
ss
a.
U
ti
Q~
F~
^~
U
._
~ ~~
~ ~
'~'
.
~ ~
O ~
~
O
N ~,
O
~" 4J ~ ~
~ bA ~
~~r, ~U ~
~ ~ ~
~
~ ~ ~ cn
~
o ~
~3 0 ~ ~ o
~d UU ~~
~
~
y ~ ,.~ ~ cC ~ P-.
z~~x
~~ ~~a~
~
' ~~~
~~ U U V O U