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Home My WebLink About02-09-091505607121 REV-1500 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue Bureau of Individual Taxes County Code Year File Number Po Box 2so6o1 INHERITANCE TAX RETURN ~ 1 0 8 0 5 3 6 Harrisburg PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 0 5 0 9 2 0 0 8 0 9 2 9 1 9 2 6 Decedent's Last Name M C C A R T H Y Suffix Decedent's First Name M A R L E N E MI (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Narne Spouse's Social Security Number FILL IN APPROPRIATE OVALS BELOW 1. Original Return 4. Limited Estate 6. Decedent Died Testate (Attach Copy of Will) 9. Litigation Proceeds Received MI THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS 2. Supplemental Return 4a. Future Interest Compromise (date of ^X 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 Return 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 CORRESPONDENCE AND CONFIDENTIAL TAX INFUHMAI wN SttUULU tst ulrctc r to I u: Name Daytime Telephone Number J AN L B R O W N 7 1 7 5 4 1 5 5 5 0 Firm Name (If Applicable) REGISTER OF WILLS USE ONLY J A N L B R O W N & A S S O C '~ c~ a .. C~ ,_~ First line of address _ c-~'~ `5 - -;-y 8 4 5 S I R T H O M A S C T S T E 1 2 -' ;--~ ~ :~ Second line of address ' {~ ~j _ 7 --~ -rl ~ DA~E ~iLED -~ '--; City or Post Office State ZIP Code ~~ ~ ~,- H A R R I S B U R G P A 1 7 1 0 9 ~~=-' i rv ,- " Correspondent's a-mail address: brendajib ,V@rlZOll.ftet _ 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, conect and complete. Declaration of preparer other than the personal representatwe is based on all information of which preparer has any knowledge. SIGNATU OF PERSON RE~POI~$I~LE FOR F141NG REh1RN DATE ^ ^ ^ ADDRESS 73 Nailor Road Dillsburc~ PA 17019 SIGNATU O PRE~2~ TQ~R THAN REPRESENTATIVE DATE ~~ ~\r~~~Jr..~ 2/ 6/ 2 0 0 9 845`~ir Thomas Ct Ste 12 Harrisbur PLEASE USE ORIGINAL FORM ONLY Side 1 L 1505607121 PA 17109 1505607121 ~~ t~ `~..~'' `,., ~v~ ~~ ~ ~ ~ .~ REV-1500 EX Decedent's Name M ARLENE MCCARTHY RECAPITULATION 1. Real estate (Schedule A) ...................................... .. 1 2 1 4 1 1 4 1 9, 8 2 2. ................................ Stocks and Bonds (Schedule B) .. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ... .. 3. 4. Mortgages & Notes Receivable (Schedule D) ...................... .. 4. 1 0 6 5 3 3 , 6 7 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ..... .. 5. 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ..... .. 6• 7. Inter-Vivos Transfers 8 Miscellaneous Non-Probate Property 1 5 7 4 1 1 2 9 2 (Schedule G) ^ Separate Billing Requested ..... .. 7. , 8. Total Gross Assets (total Lines 1-7) ........................ .. 8. 3 0 9 2 0 6 6, 4 1 g 1 6 3 4 3 8, 9 2 9. Funeral Ex enses & Administrative Costs Schedule H p ( ) .. ....... ..... , .. 1 1 4 1 8 3 5 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) ..... ..... .. 10. , 11. Total Deductions (total Lines 9& 10) ............. ....... ..... .. 11. 1 7 4 8 5 7, 2 7 12. Net Value of Estate (Line 8 minus Line 11) .......... ....... ..... .. 12. 2 9 1 7 2 0 9 , 1 4 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) .... ....... ..... .. 13. 2 9 1 7 2 0 9 1 4 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 0 0 0 1 0 0 0 (a)(1.2)X.0 _ , 5. . 16. Amount of Line 14 taxable 2 9 1 7 2 0 9 1 4 1 3 1 2 7 4 4 1 at lineal rate x .045 . 16 , 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 0 0 at collateral rate X .15 18 , 19 1 3 1 2 7 4 4 1 19. Tax Due .. ............................. .. ... . . ... .. . 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT 15056D7221 Side 2 15D56D7221 1505607221 J REV-1500 EX Page 3 Decedent's Complete Address: File Plumber 21 08 0536 DECEDENT'S NAME M ARLENE MCCARTHY STREET ADDRESS 60 Glendale Drive Silver Spring Township CITY STATE ZIP Mechanicsburg F'A 17050 Tax Payments and Credits: ~ Tax Due (Page 2 Line 19) (1) 131,274.41 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments 127,000.00 C. Discount 6,563.72 Total Credits (A + B + C) (2) 133, 563.72 3. Interest/Penalty if applicable D. Interest E. Penalty Total Interest/Penalty (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 1, Line 20 to request a refund. (4) 2,289.31 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) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) 0.00 Make Check Payable to: REGISTER OF WALLS, 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; .......................... ^ ..... ^ X c. retain a reversionary interest; or ........................................................................................... ? ..... ^ ^ 0 0 .................................................. 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? ................................................................................. ? " " ...... ^ ^ ^X ... or payable upon death bank account or security at his or her death intrust for 3. Did decedent own an ...... 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate propeerty which contains a beneficiary designation? ............................................................................................ ...... 0 ^ 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)]. 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 stilt 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-0ne years of age or younger ai: 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-1503 EX + (6-98) SCHEDULE B COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER M ARLENE MCCARTHY 21 08 0536 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Alcatel-Lucent (ALU); 746 shs @ $6.99/sh 5,214.54 2 AT&T Corp (T); 23,895.783 shs @ $38.58/sh 921,899.32 3 Comcast Corp CIA (CMCSA); 3,034 shs @ $21.81/sh 66,171.54 4 Fairpoint Communications Inc (FRP); 150 shs @ $9/sh 1,350.00 5 Idearc Inc (IAR); 428 shs @ $4.93/sh 2,110.04 6 LSI Corp (LSI); 239 shs @ $6.66/sh 1,591.74 7 NCR Corp New (NCR); 368 shs @ $24.80/sh 9,126.40 8 Qwest Communications Intl (Q); 1,044 shs @ $4.81/sh 5,021.64 9 Qwest Communications Intl (Q); dividend record date 5/9/08 83.52 10 Teradata Corp Del (TDC); 368 shs @ $23.54/sh 8,662.72 11 Verizon Communications Inc (VZ); 8,922.419 shs @ $37.85/sh 337,713.55 12 Vodafone Group Plc New (VOD); 1,666.926 shs @ $31.48/sh 52,474.81 TOTAL (Also enter on line 2, Recapitulation} 13 1,411,419.82 (It more space is needed, insert additional sheets of the same size) REV-1508 EX + (6-98) SCHEDULE E CASH, BANK DEPOSITS, 8t M~S~.. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER M ARLENE MCCARTHY 21 08 0536 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 VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Carolyn L Bishop Check 3052 dated 4/28/08 620.00 2 Comcast Check 631810 dated 4/30/08 39.00 3 Comcast Check 1083940 dated 4/30/08 150.63 4 United States Treasury 12/07 1040 refund 5,036.00 5 United States Treasury stimulus check 1,200.00 6 Verizon 6/1/08 pension benefit 1,043.04 7 Verizon sickness death benefit (payable to Estate) 45,700.00 8 Allis-Chalmers Tractor; sale proceeds 3,400.00 9 1953 Cadillac Conv Coupe; VIN 536294872; sale proceeds 20,000.00 10 1975 Yamaha Motorcycle; VIN 437114639 300.00 11 1977 Shasta Trailer; VIN A22P006402 1,000.00 12 1982 Chevrolet Sedan Chevette; VIN 1G1A668D6CY104614; sale proceeds 1,000.00 13 1983 Mercedes Benz Sedan 300DT; VIN WDBAB33A6D6020413; sale proceeds 4,000.00 14 1984 Honda Motorcycle; VIN JH2AF0603ES005772; sale proceeds; 350.00 15 1985 Plymouth Sedan Horizon; VIN 1P3BM18C7FD166731;ssle proceeds 490.00 16 1986 Komfort Trailer; VIN 1 K73KFR27G1002833 2,000.00 1 TOTAL Also enter on line 5, Reca itulation b ( P 1 106,533.67 (If more space is needed, insert additional sheets of the same size) Continuation of REV-1500 Inheritance Tax Return 'Resident Decedent M ARLENE MCCARTHY 21 08 0536 Decedent's Name Page 1 File Number Schedule E -Cash, Bank Deposits, 8ti Misc. Personal Property ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 17 Household goods and furnishings; sale proceeds 5,205.00 18 (Household goods and furnishings; I 15,000.00 based upon verbal appraisal of Kevin M Wickard Auctioneering, Carlisle, PA SUBTOTAL SCHEDULE E ~ 20,205.00 GRAND TOTAL SCHEDULE E ~ $ 106,533.67 REV-1510 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF SCHEDULE G INTER-VIVOS TRANSFERS 8~ MISC. NON-PROBATE PROPERTY FILE NUMBER M ARLENE MCCARTHY 21 08 0536 This schedule must be completed and filed if the answer to any of questions t through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM NUMBER DESCRIPTION OF PROPERTY iNC~uoE rHE NAME of rHE rruNSFEaEE. rnEiR aEianoNSwP ro oecEOENr Ar+o rHE onrE of rwwsFEa Arrncr+A coPV of rME oEEO Foa REAi EsrarF DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST EXCLUSION pF APPLICABLE TAXABLE VALUE t. M Arlene McCarthy Living Trust dtd 3!2012008 1,434,487.38 100. 1,434,487.38 4 children, benef; Trust Estate is comprised of the following: Belco Money Market Account = $93,314.49 Belco Savings Account = $95,773.19 M&T Bank CD Account 31003915257066 = $3,499.30 M&T Bank Checking Account 58539727 = $91,900.40 60 Glendale Dr, Silver Spring Twp, Cumb Co = $1,150,000 2 Great American Qualified Annuity Policy 80508960 29,:556.23 100. 29,356.23 4 children, beneficiaries 3 Great American Non-Qualified Annuity Policy 06541248 54,433.22 100. 54,433.22 4 children, beneficiaries 4 Shenandoah Life Non-Qualified Annuity Policy 001058871 55,836.09 100. 55,836.09 4 children, beneficiaries i TOTAL (Also enter on line 7 Recapitulation) ~ $ 1, 574,112.92 (If more space is needed, insert additional sheets of the same size) REV-151 1 EX + (10-06) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES 8~ ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER M ARLENE MCCARTNY 21 08 0536 Debts of decedent must be reported on Schedule 1. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1 Myers Funeral Home 8,120.00 2 Gingrich Memorials; headstone 3,300.00 3 Royers Flowers 319.60 B. ADMINISTRATIVE COSTS: t. Personal Representative's Commissions Name of Personal Representative (s) Diane L Cline (in capacity as Adm & Ttee) Street Address 73 Nailor Road City Dillsburq State PA _ Zip 17019 Year(s) Commission Paid: 2009 2 3 4. 5 6 Attorney Fees Jan L Brown & Associates Family Exemption: (Ii decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City State Relationship of Claimant to Decedent Probate Fees Register of Wills, Cumberland County Accountant's Fees Parks & Company Tax Return Preparers Fees 7. Cumberland Law Journal; legal advertising 8 The Patriot-News Co; legal advertising 9 Administrator's office supplies/expenses 10 Don Paul Shearer Associates; real estate appraisal 11 Smith Barney; commissions/other fees/transaction fees 12 Kevin M Wickard Auctioneering; consultant fee Adm expenses incurred in order to preserve assets of estate, as follows: 13 Animal care 14 Debra Baseshore Wiest, Tax Collector; real estate tax 15 Erie Insurance; farm liability insurance 16 Landscape maintenance (includes equipment purchases) 17 Maintenance and cleanup costs 58,000.00 72,000.00 1,117.00 1,850.00 75.00 304.41 348.51 2, 500.00 7,271.86 100.00 428.39 1,532.67 213.00 5,010.57 534.80 TOTAL (Also enter on line 9, Recapitulation) I $ 163,438.92 Zip (If more space is needed, insert additional sheets of the same size) Continuation of REV-1500 Inheritance Tax Return Resident Decedent M ARLENE MCCARTHY Decedent's Name Page 2 21 08 0536 File Number Schedule H -Funeral Expenses 8~ Administrative Costs - B7. ITEM NUMBER DESCRIPTION AMOUNT 18 I PPL Electric Utilities 413.11 SUBTOTAL SCHEDULE H-B7 ~ 413.11 REV-t512 EX + (12-03) SCHEDULE 1 COMMONWEALTH OF PENNSYLVANIA DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES, & LIENS RESIDENT DECEDENT ESTATE OF FILE NUMBER M ARLENE MCCARTHY 21 08 0536 Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. Check 3269 written predeath, cashed postdeath 125.75 2 Check 3270 written predeath, cashed postdeath 28.00 3 Check 3265 to Comforcare written predeath, cashed postdeath 5,303.50 4 Comforcare 55.00 5 Holy Spirit Hospital 54.83 6 PA Department of Revenue; PA-40 estimated tax payments 1,200.00 7 Pinnacle Health Med Services 23.46 8 PPL Electric Utilities 57.81 9 Verizon sickness death benefit; federal tax w/h 4,570.00 TOTAL (Also enter on line 10, Recapitulation) I $ 11,418.35 (If more space is needed, insert additional sheets of the same size) REV- t 513 EX t (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF FILE NUMBER M ARLENE MCCARTHY 21 08 0536 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under [ Sec. 9116 (a) (1.2)] 1. Kenneth L McCarthy, son Lineal 1642 Holtz Road, Enola, PA 17025 25% residue &Sch G 2 Carolyn L Bishop, daughter Lineal 659 Sawmill Road, Mechanicsburg, PA 17055 25% residue &Sch G 3 Diane L Cline, daughter Lineal 73 Nailor Road, Dillsburg, PA 17019 25% residue &Sch G 4 Marilyn LMcCarthy-Wadlinger, daughter Lineal 67 Millers Gap Road, Enola, PA 17025 25% residue &Sch G 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 ELECTION TO TAX IS NOT BEING MADE 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 DOVER SHEET I $ (If more space is needed, insert additional sheets of the same size) -'~` ~ ~ ~ ~ ~__ __ _i ~ THE M. ARLENE MCCARTHY LIVING TRUST PREPARED FOR: M. ARLENE MCCARTHY Prepared by: Law Office of Jan L. Brown & Associates Jacqueline A. Kelly, Esquire 845 Sir Thomas Court, Suite 12 Harrisburg, PA 17109 (717) 541-5550 SCHEDULE A INITIAL TRUST PROPERTY The following assets will be or have been transferred to The M. ARLENE MCCARTHY Living "I~rust. Assets acquired after Mai 1'~C~1 ,~O ~(,~~ will need to be transferred to the Trust to avoid Probate. Benefits assigned to this Trust are as follows: Real Property: 60 Glendale Drive (Mary Mac Farm) Mechanicsburg, PA 17055 (Parcel No. 38-OS-0435-018) Bank Accounts: M&T Bank (CD) Account No. 31003915257066 Investment Accounts: CONTINGENT BENEFITS THAT ARE NOT CURRENTLY ASSIGNED TO THE TRUST: Annuity (Great American) Annuity (Shenandoah Life) IRA (Annuity Investors/Great American) SCHEDULE Q SUPPLEMENTAL TRUST PROPERTY The following property has been added to The M. ARLENE MCCARTHY Living Trust since it was signed on ~~(' ~~ ~ ~~`T~i~, 2008. Property Added Date Added SCHEDULE C DELETED TRUST PROPERTY The following property has been deleted from The M. ARLENE MCCARTHY Living Trust since it was signed on ~~ G ('~j,, ~ U a LY) , 2008. Property Deleted Date Deleted SCHEDULE D ASSIGNMENT OF PERSONAL PROPERTY M. ARLENE MCCARTHY, by and through her Agent, DIANE L. CLINE, does hereby transfer and assign, without consideration and in order to change formal title only, all right, title and interest which she now has in that Personal Property listed below to DIANE L. CLINE, Truste , or her successors in trust, under the M. ARLENE MCCARTHY Living Trust dated ~(~C~l ~ `~ and any amendments thereto: Personal Property Assigned: This assignment was executed on 2008. M. ARLENE MCCARTHY, by and through her Agent, DIANE L. CLINE STATE OF PENNSYLVANIA COUNTY OF DAUPHIN SS On this the day of , 2008, before me, the undersigned officer, personally appeared DIANE L. CLINE, Agent for M. ARLENE MCCARTHY, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument and acknowledged that she executed the same for the purposes therein contained. In witness whereof I hereunto set my hand and official seal. Notary Public TABLE OF CONTENTS ARTICLE ONE: CREATION OF THE TRUST Section 1. Declaration of Living Trust Agreement Section 2. Parties to the Trust Section 3. Name of the Trust Section 4. Definitions Section S. My Present Family ARTICLE TWO: FUNDING THE TRUST Section 1. Trust Intent and Beneficiary Clause Section 2. The Trust Property ARTICLE THREE: ADMINISTRATION OF TRUST DURING LIFETIME OF TRUSTOR Section 1. Distributions Section 2. Authority, Power and Rights of Trustor Section 3. Disability ARTICLE FOUR: ADMINISTRATIVE POWERS Section 1. Powers of Trustee Section 2. Trustor's Authority to Encumber Trust Property Section 3. Authority of Successor Trustee to Administer the "I~rust Section 4. Termination of Successor Trustee's Authority Section 5. Authority of Successor Trustee to Disburse Funds Section 6. Inalienability of Beneficiary's Interest in Trust Section 7. Beneficiary's Proportionate Liability for Estate Taxes Section 8. Limit on Trustee's Discretion Section 9. Non-Liability of Third Parties Section 10. Extension of Trust Powers Section 11. No Bond Requirements Section 12. Governing Laws of the State Section 13. Savings Clause Section 14. Termination of Trust Section 15. Compensation Section 16. No Court Supervision Section 17. Spendthrift Clause Section 18. No Contest Clause ARTICLE FIVE: LIFE INSURANCE Section 1. Policies Covered 6 Section 2. Additional Policies Section 3. Trustor's Rights in Policies Section 4. Trustee to Execute Necessary Instruments Section 5. Payment of Premiums Section 6. Safekeeping of Policies Section 7. Proof of Loss and Receipt of Proceeds Section 8. Contested Policy Section 9. Reimbursement for Advances and Expenses Section 10. Discharge of Insurance Company ARTICLE SIX: ADMINISTRATION OF THE TRUST UPON THE DEATH OF THE TRUSTOR Section 1. Discretionary Payments Section 2. Trustee's Authority to Make Tax Elections ARTICLE SEVEN: DISTRIBUTION OF PERSONAL PROPI?RTY Section 1. Tangible Personal Property ARTICLE EIGHT: THE COMMON TRUST Section 1. Creation of the Common Trust Section 2. Separation of Trust Property Section 3. Distribution of Trust ARTICLE NINE: DISTRIBUTIONS TO THE BENEFICIARIES AND THEIR DESCENDANTS Section 1. Distributions of Trust Property Section 2. Share of a Descendant of a Deceased Beneficiary Section 3. Distribution to Underage or Disabled Beneficiaries ARTICLE TEN: DISTRIBUTION IF NO DESIGNATED BENEFICIARIES THE M. ARLENE MCCARTHY LIVING TRUST DATED: r(,I~, ~ t/ ~ OS J ARTICLE ONE: CREATION OF THE TRUST Section 1. DECLARATION OF LIVING TRUST AGREEMENT This Agreement is made and entered into by and between M. ARLENE MCCARTHY, by and through her Agent, DIANE L. CLINE of Mechanicsburg, Pennsylvania, as Trustor; and DIANE L. CLINE as Trustee. The Trustor wishes to establish a Revocable Living Trust which will receive real and personal property, the proceeds of certain life insurance policies on the Trustor's life, and certain other assets as may from time to time be added. The initial Trustee is willing to carry out the duties enumerated in this Agreement. NOW, THEREFORE, in consideration of the mutual covenants set forth and other good and valuable consideration, the Trustor and Trustees agree as follows: Section 2. PARTIES TO THE TRUST The parties to this Trust are: A. TRUSTOR: M. ARLENE MCCARTHY, by and through her Agent, DIANE L. CLINE 60 Glendale Drive Mechanicsburg, PA 17050 B. TRUSTEE: DIANE L. CLINE 73 Nailor Road Dillsburg, PA 17019 C. SUCCESSOR TRUSTEES: CAROLYN L. BISHOP 659 Sawmill Road Mechanicsburg, PA 17055 and MARILYN L. MCCARTHY-WADL[NGER 67 Millers Gap Road Enola, PA 17025 s D. BENEFICIARIES: Name Relationship 1. M. ARLENE MCCARTHY, by and through her Agent, Diane L. Cline Trustor 2. DIANE L. CLINE Trustee/Daughter 3. CAROLYN L. B[SHOP Daughter 3. MARILYN L. MCCARTHY-WADLINGER Daughter 4. KENNETH L. MCCARTHY Son Section 3. NAME OF THE TRUST The formal name of the Trust is "The M. ARLENE MCCARTHY, by and through her Agent, DIANE L. CLINE, Trustee or her successors in trust, under the M. ARLENI~ MCCARTHY LIVING TRUST dated Aare ti ~e~ ~~o~~ and any amendments thereto." The informal name of the trust is THE M. ARLENE Tr1CCARTHY LIVING TRUST, dated ~ti1 r ~ I~ aU ,-~ ~r~_. Section 4. DEFINITIONS The following definitions shall apply throughout this Trust, sunless the context in which a term is used clearly implies another meaning. A. Trustor -The individual or individuals who created this Trust and transferred the assets into the Trust. B. Trustee -The individual who handles the administration of the Tnast Estate. This term includes the original Trustees, Co-Trustees as well as any Successor Z~rustees. C. Trust Property or Estate - A11 of the assets and property owned by or titled in the name of the Trust. D. Evidence of Death -The death of a Beneficiary or of an original Trustor shall be evidenced by presentation of a certified copy of such person's death certificate to the Trustee. E. Disability - "Disability" or "disabled" shall include any physical or mental condition of a person including minority, which renders him unable to conduct his regular affairs. A condition of disability as just defined (other than minority) shall be evidenced by the written certificate or statement of two licensed physicians filed with and accepted by the Trustee, or in the case of a disabled Trustee, filed with and accepted by the Successor Trustee. F. Singular to Include Plural -Whenever used herein, and to the extent appropriate, the masculine, feminine or neuter gender shall include the other two genders, and the singular shall include the plural and the plural shall include the singular- The term Trustor shall include the' plural Trustors. 9 G. Expenses of Education - Costs of tuition and other fees charged by an educational institution, books and other education materials and related expenses involved in pursing to advantage a course of studies at any recognized educational institution, whether private or public, elementary, secondary, college, university, graduate school, trade school or institute. H. Spendthrift Trust - A trust of which no part of the income or principal shall ever be transferred or assigned by any Beneficiary, or subjected to any judicial process against any Beneficiary. No part of the interest of any Beneficiary shall be subject to sale, hypothecation, assignment, or transfer, nor shall the principal or income be liable for the debt of any Beneficiary, nor shall income be seized, attached, or in any manner taken by judicial proceedings against any Beneficiary on account of the debts, assignments, sale, divorce, or encumbrance of any Beneficiary. In accordance with these provisions, the Trustee shall pay to the Beneficiary the sum payable to the Beneficiary according to the Trust terms, notwithstanding any purported sale, assignment, hypothecation, transfer, attachment, or judicial process, exactly as if the same did not exist. Nothing contained in this Section shall be construed as restricting the exercise of any Power of Appointment which may be granted in this Living Trust Agreement. Catastrophic Illness - An illness or an accident which renders the affected Trustor incompetent or unable to care for himself so that full-time care is needed, and it is reasonably anticipated that such care shall extend for a period of six months or longer. Children - Children as used in this Trust shall include lawful children of the body of the person referred to as well as children adopted by said person. Section 5. MY PRESENT FAMILY My present family consists of the following: A. Trustor: M. ARLENE MCCARTHY DOB: September 29, 1926 S.S.# 202-20-3868 (by and through her Agent, Diane L. Cline) B: Children: Name: Date of Birth: Social Security No.: 2. DIANE L. CLINE December 30, 1959 3. CAROLYN L. BISHOP September 25, 1956 4. MARILYN L. MCCARTHY-WADLINGER February S, 1962 S. KENNETH L. MCCARTHY January 28, 1955 206-38-9776 ~o~ ~8- 97 ~S ,~C~ic 3~-~l'77~ ao~ - 38- 9~~y ~o ARTICLE TWO: FUNDING THE TRUST Section I. TRUST INTENT AND BENEFICIARY CLAUSE The Trustor has caused the transfer of all of her right, title a.nd interest in and to the property herein described in Schedule A of this Living Trust Agreement, to the above named Trustee to be held In Trust for the use, benefit and enjoyment of the above named Beneficiaries. Section 2. THE TRUST PROPERTY A. The Trustor declared that she has transferred to and holds in the M. ARLENE MCCARTHY Living Trust all of her interest in the property described in Schedule A which is attached hereto and incorporated herein, by reference. This Trust Property will include any real and personal property of every kind and nature which the Trustee may, pursuant to any of the provisions herein, at any time hereafter acquire, hold or cause to be made payable to this Trust, and the investments and reinvestments which are made for the benefit, purposed and used of the Trust. This property will be listed on Schedule B which is attached hereto and incorporated herein by reference. Any property which has been deleted from the Trust will bey listed on Schedule C which is attached hereto and incorporated herein by reference. B. Use of Trust Property. The Trust Property shall be used for the benefit of the Trust Beneficiaries and shall be administered and distributed by the Trustee in accordance with this Living Trust Agreement. C. Additional Assets. 7'he Trustor or any other person may be instrument in writing, by Will, or by naming the Trustee as Beneficiary, deliver to the Trustee additional assets acceptable to the Trustee. These additional assets shall be held, administered, and distributed pursuant to this Living "fnist Agreement. ARTICLE THREE: ADMINISTRATION OF TRUST DURING LIFETIME OF TRUSTOR Section 1. DISTRIBUTIONS The Trustee shall pay the net income of the Trust Estate to the Trustor during her lifetime, and such portions of the principal as the Trustor from time to time requests according to the provisions of this Trust. The Trustor shall have absolute control over the distribution of the Trust Estate, including principal and interest, during her lifetime. Upon the request of the Trustor, the Trustee shall pay all mortgage payments, taxes, insurance, repairs, and any other expenses necessary with regard to the residence of the Trustor. Distributions of Trust assets may also be made to Trust beneficiaries in order to continue any program of gifts that I may have begun by giving property without consideration to Trust beneficiaries; however, any annual gifts should be not greater than the annual exclusion amount under the federal gift tax law then in effect. Section 2. AUTHORITY, POWERS AND RIGHTS OF TRUSTOR A. The Trustor reserves unto herself the authority, power and right to amend, modify or revoke the Trust hereby created. No prior notice to or consent of any Beneficiary or the Trustee shall be required. After the death of the surviving Trustor, this Trust or any trust created by this agreement shall be irrevocable and not subject to amendment. B. The Trustor may at any time appoint, substitute or otherwise change the person designated to act as Trustee or Successor Trustee under this Trust hereby created. No prior notice to or consent of any Trustee or Successor Trustee shall be required. The Trustee so removed shall promptly transfer and deliver to Trustor, or Successor Trustee all property of the trust under its possession and control. C. All amendments, modifications, notices, revocations or other instruments affecting or furthering the purposes of this Trust, shall be in writing and delivered to the then Trustee. Section 3. DISABILITY The Trustor shall be deemed disabled during any period when, in the opinion of two licensed physicians, the Trustor is incapacitated or disabled because of illness, age or any other cause which results in the Trustor being unable to manage his property or financial affairs effectively. The Co-Trustor may act alone during that period of disability or with the named Successor Trustee(s). During such time that the Trustor may be disabled, the Trustee shall provide as much of the principal and income of this Trust as, in his/her sole discretion is necessary or advisable for the medical care, support and maintenance in reasonable comfort of the Trustor. The Trustee shall also have sole discretion to use the principal and income of the Trust for the medical care, support and maintenance in reasonable comfort of the Trustor's spouse, if any, and any minor children dependent upon the Trustor for his or her support. 12 The Trustee may make such distributions to the disabled Tru.stor, the spouse and the dependent minor children in equal or unequal shares, as their respective needs may require, based upon the Trustee's discretion as to need. When making such decisions, the Trustee shall consider all other income and assets available. If at any time there is no Trustee acting under this agreement and there is no person or institution designated and qualified as a successor Trustee, a majority of the beneficiaries then eligible to receive distribution of income or principal under this agreement or their personal representatives shall appoint a successor Trustee. If any trust existing under this agreement lacks a Trustee and no successor is appointed pursuant to this Section, the vacancy shall be filled by a court of competent jurisdiction. 13 ARTICLE FOUR: ADMINISTRATIVE POWERS Section 1. POWERS OF TRUSTEE A. In the event this Living Trust Agreement provides for more than one Trustee (Co-Trustee), the exercise of any and all authorities, powers and rights accorded to said Trustees under this Trust shall not require the Trustees to act in unison in order to exercise any Trust Power, but that each such Trustee may severally exercise any of the enumerated Trust Powers. In the event of physical or mental incapacity or death of one of the Co-Trustees, the survivor shall continue as the Sole Trustee with full authority to exercise all of the powers accorded to a Trustee under this Trust. B. The Trustee has the power to make distributions of the Trust Property as required, pursuant to the provisions of this Trust and the Trustee shall be fully authorized to pay over or disburse to the Trustor, any amounts requested by said Trustor from the income or principal of the Trust, from time to time. C. The Trustee has the power to retain and to continue to hold any property that becomes a part of the Trust Estate and to sell, dispose of, exchange, partition, convey, divide, repair, manage, control, lease, rent and grant options and rights of refusal on property that becomes a part of the Trust Estate for cash, credit, deferred payments or exchange. D. The Trustee has the power to insure, at the expense ol~ the Trust Estate, the Trust Property, with insurance of any kind and in amounts as the Trustee deems advisable. E. The Trustee has the power to invest all or any part of the Trust Estate in every kind of property, whether real or personal, including securities and to manage same as if he/she were an owner. The Trustee may manage investments in securities; open and close brokerage accounts; buy and sell securities, mutual funds, commodities, put and call options, long short or on margin; assign and deliver security certificates; and deal with any dividend reinvestment, checking or credit card account. F. The Trustee has the power to litigate and compromise claims with respect to the Trust Estate as the Trustee deems advisable. G. The Trustee has the power to allocate to principal or income all monies and properties received on behalf of the Trust Estate. H. The Trustee has the power to employ and pay any custodian, investment advisor, attorney, accountant, consultant, or other professional deemed necessary. I. 1. "I`he "Trustee may retain, continue, sell, or liquidate any business in which the Trustor has or had an interest as a shareholder, partner, sole proprietor or as a participant in a joint venture, even though that interest may constitute all or a substantial portion of the Trust Property. The Trustee may directly participate in the conduct of any such business or employ others to do so on behalf of the Beneficiaries. them. The Trustee may execute partnership agreements, buy-sel l agreements, and any amendments to 14 3. The Trustee may participate in the incorporation of any Trust Property, any corporate reorganization, merger, consolidation, recapitalization, liquidation, dissolution, or any stock redemption or cross purchase buy-sell agreement. 4. The Trustee may hold the stock of any corporation as Trust Property, and may elect or employ directors, officers, employees, and agents, and compensate them four their services. 5. The Trustee may carry out the provisions of any agreement entered into by the Trustor prior to his death for the sale of any business interest or the stock thereof. 6. The Trustee may exercise all of the business powers granted in this Agreement regardless of whether the Trustee is personally interested or an involved party with respect to any business enterprise forming a part of the Trust Property. J. The Trustee has the power to pay with funds from the Trust Estate any tax, charge, or assessment against the Trust Estate which the Trustees is required to pay. K. The Trustee has the power to deposit and withdraw funds in commercial, savings, or savings and loans accounts, subject to the usual restrictions upon withdrawal in effect. at that time. I.. The Trustee may execute, deliver, and grant to any individual or corporation a revocable or irrevocable power of attorney to transact any and al{ business on behalf of any trusts created in this Agreement. M. The Trustee may enter into a lease or other agreement which may have a duration that the Trustee deems reasonable, even though extending beyond the duration of any trust created in this Agreement. Section 2. TRUSTOR'S AUTHORITY TO ENCUMBER TRUST PROPERTY The Trustor, in her capacity as Trustee shall be empowered with th.e discretionary authority to mortgage, pledge, hypothecate or otherwise encumber with a lien any or all of the Trust Property. Said lien(s) may be satisfied, settled or discharged from the income, rents or profits accruing from the Trust Property, or any other non-trust property owned by the Trustor, if she so elects. Section 3. AUTHORITY OF SUCCESSOR TRUSTEE TO ADMINISTER THE TRUST A. The Trustee shall, upon the death of the Trustor, assume the active administration of this Trust, and forthwith, transfer all right, title and interest in and to the Trust income and/or property unto the Beneficiaries, pursuant to Articles Seven, Eight, Nine, and Ten herein regarding distribution. B. The Trustee shall assume the active administration of this; Trust during the lifetime of the Trustor when either of the following conditions are present, namely: 1. The Trustor is unable to actively and competently exercise any of the authorities, powers or rights so accorded under this Trust by reason of a sustaining disability or catastrophic illness, as certified by two licensed physicians, or IS 2. The Trustor expresses her desire in writing, for whatever reason, to temporarily relinquish those authorities, powers and rights as Trustee under this Trust to the Trustee. C. If any named Trustee refuses to serve, or fails to continue to service for any reason, the next named Successor Trustee shall serve in the order listed in Article One, Section 2. This section shall not apply to Co- Successor Trustees serving concurrently. D. If at any time there is no Trustee acting under this agreement and there is no person or institution designated and qualified as a successor Trustee, a majority of the beneficiaries then eligible to receive distribution of income or principal under this agreement or their personal representatives shall appoint a successor Trustee. If any trust existing under this agreement lacks a Trustee and no successor is appointed pursuant to this Section, the vacancy shall be filled by a court of competent jurisdiction. Section 4. TERMINATION OF TRUSTEE'S or SUCCESSOR TRUSTEE'S AUTHORITY The Trustee's or Successor Trustee's authority and power as provided under Article Four, Sections 3(B)(1) and (2) may be subsequently terminated by the Trustor without the consent of or prior notice to said Successor Trustee when: A. The Trustor is sufficiently recovered from the disability or catastrophic illness as described under Article Four, Section 3(B)(1) above, as certified by two licensed physicians and thus, fully and competently capable of actively administering this Trust. B. The Trustor desires to reassume those authorities, powers and rights as Trustee in the active administration of this Trust relinquished under Article Four, Section 3(B)(2) above. The termination of the Trustee's or Successor Trustee's authority to actively administer this Trust in accordance with either Article Four, Section 3(B)(1) or (2) shall be effective immediately upon the Trustee's or Successor Trustee's receipt of~ the Trustor's notice terminating all such authorities and powers previously granted by the Trustor. Section 5. AUTHORITY OF TRUSTEE TO DISBURSE FUNDS The Trustee shall be fully authorized to pay or disburse such sums from the income or principal as may be necessary or advisable for the medical care, support and maintenance in reasonable comfort of the Trustor when either of the two conditions described herein in Article Four, Section 3(B) prevails. Section 6. INALIENABILITY OF BENEFICIARY'S INTEREST IN TRUST The interest of the Beneficiaries under this Trust shall be inalienable. Said Beneficiaries can not assign, sell, pledge, encumber or otherwise transfer their interest in and to a third party. Nor can such interest be attached, garnished, levied upon or otherwise subjected to any proceedings whether at law or in equity. lb Section 7. BENEFICIARY'S PROPORTIONATE LIABILITY' FOR ESTATE TAXES Each Beneficiary hereunder shall be liable for their proportionate share of any estate taxes that may be levied upon the total taxable value of the Trust Property distributed to said Beneficiaries upon the death of the Trustor. - Section 8. LIMIT ON TRUSTEE'S DISCRETION Notwithstanding any language purporting to confer absolute, sole or unrestricted discretion on my Trustee in exercising any discretionary power with respect to this trust, my Trustee shall at all times act in accordance with fiduciary principles and shall not act in bad faith or in disregard of the purposes of my trust. Section 9. NON-LIABILITY OF THIRD PARTIES A. This Trust is created with the express intent and understanding that any third parties, including their agents, employees or vendors, who, upon the written request of the Trustor, or under the color of authority granted to the Trustee in this Trust, performs any duties or renders any services in the furtherance of the purposes and intents of this Trust, absent any showing of fraud, shall be under no liability for the application or proper administration of any assets or properties being the subject of the said third party's acts. B. This limitation of liability gives specific protection to any third party who acts, performs, or renders any services pursuant to any notice, instrument or document believed and represented to be genuine, and to have been signed and presented by the proper party(ies). L. It is further the express intent of this Trust that the non-liability of all third parties be given broad and prospective application. In particular, a depository, custodial agent or financial institution, including (but not limited to): banks, brokerage firms, credit unions, savings and loan associations, transfer agents, thrift associations, or any other person or entity acting in a fiduciary capacity with regard to any assets or property comprising the Trust, shall suffer no liability, nor incur any express or implied obligations when acting in the capacity of a transferor, upon proper request, of any assets or property either sought to be, or constructively comprising the Trust. Section 10. EXTENSION OF TRUST POWERS This Trust shall extend to and be binding upon the Heirs, E;Kecutors, Administrators and Assigns of the undersigned Trustor and upon the Successor Trustees. Section 11. NO BOND REQUIREMENTS The Trustee under this Trust and any Successor Trustees shall serve without Bond. Section 12. GOVERNING LAWS OF THE STATE The laws of the State of Pennsylvania govern the validity and construction of any administrative or disposition provision of this Trust or any act implementing it or right conferred thereby. 17 Section 13. SAVINGS CLAUSE If a State Court of competent jurisdiction shall at any time invalidate any of~the separate provisions of this Trust, such invalidation shall not be construed as invalidating the entire Living Trust Agreement, but only that separate provision in controversy. All of the remaining provisions shall be undisturbed as to their legal force and effect. Section 14. TERMINATION OF TRUST Unless sooner terminated in accordance with other provisions of this Agreement, the "Crusts created by this Agreement shall terminate twenty-one years after the death of the last life in being at the time of the death of the Surviving Trustor. Section 15. COMPENSATION The Trustee or Successor Trustees shall be entitled to reasonable fees commensurate with their duties and responsibilities taking into account the value and nature of the Trust Estate and the time and work involved. If any licensed attorney or certified public accountant shall provide services to the Trustee or Successor Trustees, such person shall be compensated for reasonable services rendered on the basis of such person's customary charges for legal or accounting services. The Trustee or Successor Trustees shall be reimbursed for the reasonable costs and expenses incurred in connection with his fiduciary duties hereunder. Section 16. NO COURT SUPERVISION No Trustee or Successor Trustee shall be required to qualify before, be appointed by, or in the absence of breach of trust, account to any court or obtain the order or approval of any court in the exercise of any power or discretion enumerated within this Trust. Section 17. SPENDTHRIFT CLAUSE All trusts created in this Agreement shall be spendthrift trusts. Section 18. NO CONTEST CLAUSE. If any person or entity other than me singularly or in conjunction with any other person or entity directly or indirectly contests in any court the validity of this Crust, including any amendments thereto, then the right of that person or entity to take any interest in my estate shall cease, and that person or entity shall be deemed to have predeceased me. 18 ARTICLE FIVE: LIFE INSURANCE Section 1. POLICIES COVERED The Trustor has caused or may cause the Trustee to be named as Beneficiary of the inswance policies listed in Schedule A attached hereto and incorporated herein by reference. The Trustee accepts such designation in Trust for the purposes and on the conditions set forth in this Agreement. The Trustee shall not be responsible, however, for making such change of Beneficiary designations. Section 2. ADDITIONAL POLICIES The Trustor or any other person may at any time and from tune to time add any additional policies of insurance to any Trust established herein by assigning such policies of insurance to the Trust, by assigning such policies to the Trustee or by causing the Trustee to be named as Beneficiary thereunder. Such policies, and the proceeds thereof, shall be subject to the terms and conditions of this Agreement. Section 3. TRUSTOR'S RIGHTS IN POLICIES The Trustor reserves during the Trustor's lifetime, and may receive or exercise without the consent or approval of the Trustee or any Beneficiary hereunder, all benefits, payments, dividends, surrender values, options, rights, powers, and privileges with respect to such polices, including, but not limited to, the following: A. Payments. The right to receive all disability benefits, dividends, payments, loan values, or surrender values. B. Loans. The power to borrow on, surrender, or pledge any of the policies. L. Options. The power to exercise any option, such as the power to convert to a different kind or amount of insurance or the power to select the method of settlement of the proceeds. Section 4. TRUSTEE TO EXECUTE NECESSARY INSTRUMENTS The Trustee agrees to execute, upon request of the Trustor., any releases or any other instruments necessary to assist the "rrustor in exercising the reserved powers. Section 5. PAYMENT OF PREMIUMS Neither the Trustee nor the Trustor shall be under any obligation, during the lifetime of the Trustor, to pay any premiums, assessments, or other charges necessary to keep the policies in force, nor shall either be under any obligation to ascertain whether the same have been paid or to notify any Beneficiary of this Trust of the non-payment of such premiums. Section 6. SAFEKEEPING OF POLICIES The Trustee shall keep safely all policies deposited with it at no cost to the Trustor, but shall not be responsible for policies which do not come into its possession. 19 Section 7. PROOF OF LOSS AND RECEIPT OF PROCEEDS Upon the death of the Trustor, the Trustee promptly shall furnish to the insurance companies proofof~ loss, and shall collect and receive the proceeds of the policies, less so much of said proceeds as shall be required to pay or provide for the payment of any liabilities or obligations to the insurer in respect of said policies. The net amount so received by the Trustee may be referred to herein as the "net proceeds" of the policies. In the collection of such proceeds, the Trustee shall have the power to execute and deliver receipts and other appropriate instruments, and to take such legal action as is appropriate. Section 8. CONTESTED POLICY If the payment of any policy is contested, the Trustee shall be under no obligation to institute legal action for the collection thereof unless it is indemnified to its satisfaction for all costs including attorneys' fees. Section 9. REIMBURSEMENT FOR ADVANCES AND EXPENSES The Trustee may pay to itself out of the funds in its hands the amount of any advances made by the Trustee for expenses incurred in collecting or attempting to collect any sum from any insurance company by suit or otherwise. Section 10. DISCHARGE OF INSURANCE COMPANY No insurance company shall be responsible for the Trustee's application or disposition of the proceeds of any policy payable to the Trustee. The liability of an insurance company shall be discharged upon payment of such proceeds to the Trustee. ?o ARTICLE SIX: ADMINISTRATION OF THE TRUST UPON THE DEATH OF THE TRUSTOR Section 1. DISCRETIONARY PAYMENTS Upon the death of the Trustor, the Trustee is authorized, but not directed, to pay the following: Expenses for medical services, funeral and burial; Legally enforceable claims against the Trustor or her estate; Reasonable expenses of administration of this Trust and probate estate, if any; and Federal and state taxes occasioned by the death of the Trustor. The payments authorized under this Section are discretionary, and no claims or right to payment by third parties may be enforced against the Trust by virtue of such discretionary authority. The Trustee shall be indemnified from the Trust Property for any damages sustained by the Trustee as a result of exercising, in good faith, the authority granted the Trustee under this Section. The payments authorized under this Section shall only be paid to the extent that the property in the Probate Estate, if any, is insufficient to make these payments. Section 2. TRUSTEE'S AUTHORITY TO MAKE ELECTIONS The Trustee may exercise any available elections with regard to state or federal income, inheritance, estate, succession, or gift tax law. A. Alternate Valuation Date. The authority granted to Trustee in this Section includes the right to elect any alternate valuation date for federal estate or state estate or inheritance tax purposes. Q. Deduction of Administration Expenses. The authority granted to Trustee in this Section shall include the right to elect whether all or any part of the administration expenses of the estate are to be used as estate tax deductions or income tax deductions. Any administration expenses claimed as income tax deductions shall be charged against the Living Trust. No compensating adjustments need be made between income and principal as a result of such elections unless the Trustee, in his sole discretion, shall determine otherwise, or unless required by law. C. Taxes and Returns. The Trustee shall: Pay any necessary taxes, interest, or penalties with regard to taxes The Trustee may also: Sign joint tax returns. Apply for and collect tax refunds and interest thereon. ~~ ARTICLE SEVEN: DISTRIBUTION OF PERSONAL PROPERTY Section I. TANGIBLE PERSONAL PROPERTY A. Use of Gift Lists The Trustee shall distribute jewelry, clothing, china, silver, photographs, works of art, books, boats, antiques, artifacts, needlepoint, sporting goods, hobby items, and all other tangible articles of household or personal use in accordance with any written, signed and dated list left by the deceased Trustor and said list shall be incorporated by reference into this Trust, whether or not said list is attached to this Trust or to the deceased Trustor's Last Will and Testament. If multiple written lists exist which conflict as to the distribution of any item of tangible personal property, the list which is last dated shall control as to those items which are in conflict. B. Property Not Disposed of By Gift Lists The tangible personal property not disposed of gift lists or by the above instructions shall be distributed to the surviving Beneficiaries in substantially equal shares as they shall agree within sixty (60) days after my death. To the extent that the Beneficiaries fail to agree, the Trustee shall, in her sole discretion, either divide the property among the Beneficiaries, use the property for them, or sell the property and divide the proceeds among the Beneficiaries. Any decision made by the Trustee with respect to either the selection or sale of tangible personal property shall be final and binding on all Beneficiaries. The Trustee may select property for any Beneficiary who is under any form of~ legal disability, considering the desires of a Beneficiary when making a selection. C. Distribution on the Death of a Beneficiary If a Beneficiary should die before the complete distribution of the Beneficiary's share of tangible personal property, the Trustee shall distribute that Beneficiary's share to the Beneficiary's then living descendants, per stirpes. 22 ARTICLE EIGHT: THE COMMON TRUST Section I. CREATION OF THE COMMON TRUST It is not the Trustor's desire to create a Common Trust for her beneficiaries. All of the Trust Property which has not been distributed under prior provisions of this Trust shall be held, administered, divided and distributed according to the provisions of the Article and the Articles that follow. Section 2: SEPARATION OF THE TRUST PROPERTY Immediately upon the death of the Trustor, the remaining Trust Property shall be distributed IN EQUAL SHARES to: DIANE L. CLINE, of Dillsburg, Pennsylvania; CAROLYN L. BISHOP, of Mechanicsburg, Pennsylvania; MARILYN L. McCARTHY-WADLINGER, of Enola, Pennsylvania; and KENNETH L. McCARTHY, of Enola, Pennsylvania. If any of my beneficiaries predecease me or fail to survive me by thirty (30) days, I give, devise and bequeath his or her share to his or her issue who survive me, per stirpes (not including any stepchildren or step grandchildren), or if he or she has no issue, the share(s) are to be added equally to the other shares. Section 3: DISTRIBUTION OF THE TRUST PROPERTY Immediately upon the death of the Trustor, the remaining, Trust Property shall be distributed in accordance with the Articles that follow. 23 ARTICLE NINE: DISTRIBUTIONS TO THE BENEFICIARIES AND THEIR DESCENDANTS Section I. DISTRIBUTION TO EACH OF THE LIVING BENEFICIARIES The Trust share of each of my beneficiaries who survive me shall be held, administered and distributed as follows: a_ Distribution of Net Income and Principal My Trustee shall promptly distribute free of the trust all accumulated net income and principal of the trust share IN EQUAL SHARES to: DIANE L. CLINE, of Dillsburg, Pennsylvania; CAROLYN L. BISHOP, of Mechanicsburg, Pennsylvania; MARILYN L. McCARTHY-WADLINGER, of Enola, Pennsylvania; and KENNETH L. McCARTHY, of Enola, Pennsylvania. If any of my beneficiaries predecease me or fail to survive me by thirty (30) days, I give, devise and bequeath his or her share to his or her issue who survive me, per stirpes (not including any stepchildren or step grandchildren), or if he or she has no issue, the share(s) are to be added equally to the other shares. b. Distribution Upon Death of a Beneficiary Who Survives Me If any beneficiary who survives me dies before the complete distribution of his or her trust share, the beneficiary's trust shall terminate and my Trustee shall distribute the balance of the Trust property according to Article Eight, Section 2. If such deceased beneficiary has no then living descendants, my Trustee shall distribute the balance of the trust property equally to the other beneficiaries named in the Trust document, per stirpes. Section 2. SHARE OF A DESCENDANT OF A DECEASED BENEFICIARY Each share set aside for the deceased Beneficiaries, if any, who have then living descendants shall be divided, administered, and distributed as follows: A. Division into Separate Shares Each share set aside for a deceased Beneficiary who has then living descendants shall be divided into as many equal shares as shall be necessary to create one equal share for the deceased Beneficiary's descendants, per stirpes. B. Outrieht Distribution If any descendant of a deceased Beneficiary is over (35) thirty-five years of age and is not legally incapacitated, their trust share shall be distributed outright. C. Retention of a Minor's or Incapacitated Descendant's Share In Trust If any descendant of a deceased Beneficiary is incapacitated, regardless of age, and the Trustee determines, in her sole discretion, that the descendant is unable to properly manage his or her financial affairs, then the Trustee may retain that descendant's share in trust until his or her disability has ceased. 24 Each share set aside for a descendant of a deceased Beneficiary shall be held in a separate trust for each of such descendants, and shall be administered by the Trustee .as follows: l . Distribution of Trust Income and Principal The Trustee shall apply to or for the benefit of each of the descendants of a deceased Beneficiary, so much of the net income and principal for the descendant's share in tnast as the Trustee, in her sole discretion, deems advisable for the descendant's education, medical care, suppon~ and maintenance in reasonable comfort. In making any distributions of income and principal under this Article, the trustee shall consider, to the extent she deems necessary, any additional sources of income and principal available to a descendant from any source outside of any trust created under this Agreement. 2 Distribution When A Descendant Attains (35) Thirty-Five Years of AQe When a descendant of a deceased Beneficiary reaches (3,5) thirty-five years of age, and is not incapacitated, the Trustee shall distribute the balance of his share in trust to that descendant, per stirpes. 3 Trustees for Beneficiaries under (35)Thirty-Five Years of Aye I hereby appoint my daughter, DIANE L. CLINE, as Trustee of any under-aged beneficiary trust(s) created in this Living Trust. In the event of the renunciation, death, resignation, or inability to act, for any reason whatsoever of DIANE L. CLINE, I nominate and appoint my daughters, CAROLYN L. BISHOP and/or MARILYN L. McCARTHY-WADLINGER, as Successor Trustees of any under-aged beneficiary trust(s) created in this Living Trust. 4. Distribution Upon Descendant's Death If a descendant should die before the complete distribution of her share, the trust shall terminate and all of the share shall be distributed to the then living descendants olEthe descendant, per stirpes. [f the descendant has no then living descendants, the "frustc;e shall distribute the remaining share in trust to my then living descendants, per stirpes. Section 3. DISTRIBUTIONS TO UNDERAGE OR DISABLED BENEFICIARIES Notwithstanding any other provision in this trust agreement, if any person otherwise entitled to receive a distribution of trust property is under (35) thirty-five years of age or is mentally disabled or legally incompetent as defined in Article One, my Trustee shall retain and administer that person's trust property for his or her benefit as follows: 25 A. My Trustee's Discretion My Trustee may pay to or apply for the benefit of such beneficiary so much of the net income and principal of the trust as my Trustee in her discretion deems proper considering all other sources of income and resources available to such beneficiary and known to my Trustee. B. Payments Made to Beneficiary or Personal Representative My Trustee is authorized to make payments under this Section either directly to the beneficiary, to the beneficiary's personal representative or to any other person my Trustee may deem proper to be used for the benefit of the beneficiary. When a descendant of a deceased Beneficiary reaches (35) thirty-five years of age, and is not incapacitated, the Trustee shall distribute the balance of his share in trust to that descendant, per stirpes. C. Trustees for Beneficiaries under (3S)Thirty-Five Years of~ Age [ hereby appoint my daughter, DIANE L. CLINE, as Trustee of any under-aged beneficiary trust(s) created in this Living Trust. In the event of the renunciation, death, resignation, or inability to act, for any reason whatsoever of DIANE L. CLINE, I nominate and appoint my daughters, CAROLYN L. BISHOP and/or MARILYN L. McCARTHY-WADLINGER, as Successor Trustees of any under-aged beneficiary trust(s) created in this Living Trust. D. Trustee's Decisions are Final All decisions by my Trustee as to those it makes payments to, the purposes for which these payments are made and the amounts to be paid out of the trust are within my Trustee's sole and absolute discretion. E. Undistributed Net Income All undistributed net income shall be accumulated and added to the principal of the trust. F. Termination and Distribution My Trustee shall distribute the trust property to a beneficiary under this Section when such beneficiary reaches age (3S) thirty-five or when he or she is no longer disabled as determined by a court of competent jurisdiction or upon certification by two licensed physicians that such beneficiary is able to properly care for his or her property and person, or at a later date if other trust provisions in this Article direct. G. Death of Disabled or Underage Beneficiary Upon the death of a beneficiary under this Section, my Trustee shall distribute all of such beneficiary's remaining trust share, including the trust principal and accrued and undistributed income, to any person or entity, and upon any trust, terms, and conditions, or in favor of the estate of such deceased beneficiary, as he or she may direct by his or her last will or living trust agreement. No exercise of this 26 general power of appointment shall be effective unless it refers to this trust agreement and expressly indicates an intention to exercise this general power of appointment. ARTICLE TEN: DISTRIBUTION 1F NO DESIGNATED BENEFICIARIES NONE ~~ I certify that I have read the foregoing Revocable Living Trust Agreement and that it correctly states the terms and conditions under which my trust property is to be held, managed and disposed of by my Trustee(s). 1 approve this Revocable Living Trust in all particulars and request the Trustee(s) to execute it. IN WITNESS WHEREOF, the Trustor has hereunto subscribed her name, this ~(.)~ day of -~1c«c~, ,Zoos. ~ ~ ,,,~ C it ss r ~.1~ lWitn ss STATE OF PENNSYLVANIA COUNTY OF DAUPHIN M. ARLENE MCCARTHY by and through her Agent, DIANE L. CLINE, TRUSTOR DIANE L. CLINE, TRUSTEE SS: On this arV day of ~Cj,t'-(~~ , 2008, before me, the undersigned Notary Public, personally appeared DIANE L. CLINE, Agent for M. ARLENE MCCARTHY, Trustor, and DIANE L. CLINE, Trustee, known to me to be the individuals whose names are subscribed to the within instrument and acknowledged that they executed the same as their free act and deed and for the purposes therein contained. In Testimony Whereof I have subscribed my name and affixed my official seal in the County and State aforesaid, on the day and year above written. / , ~~ C ~~, Q k~'~ __ ota ~ Publ is HowtuLL ~ ~r-cou~~ ~ cur hoary ruoMc cm a ~. wumnN c IYh- commtwlon Enwrs c.c 17, 2p~> 2s ~SJ~n`~ ~~ ~EE~ THIS INDENTURE, made the~(,~~day of ~~,r~,~j _, in the year Two Thousand Eight (2008). BETWEEN CALVIN D. McCARTHY, deceased, and M. ARLENE McCARTHY, by and through her Agent, DIANE L. CLINE, of Silver Spring Township, Cumberland County, Pennsylvania, GRANTORS A N D M. ARLENE McCARTHY, by and through her Agent, DIANE L. CLINE, Trustee or her successor in trust, under the M. ARLENE McCARTHY Living Trust Dated rc~ ol(? aaUg and any amendments thereto, GRANTEE. W I T N E S S E T H, That in consideration of the sum of One (1.00) Dollar, in hand paid, the receipt whereof is hereby acknowledged, the said Grantors do hereby grant and convey to the said Grantees, their heirs and assigns, ALL THAT CERTAIN tract of land situate in the Township of Silver Spring, County of Cumberland, and State of Pennsylvania, more particularly bounded and described as follows; to wit: S E G I N N I N G at a white oak tree at land now or formerly of Sohn Witmer Estate and land now or formerly of Elsie Barrick; thence along said Barrick land, North '73 degrees 22 minutes 30 seconds West a distance of two hundred Fifty-three and eighty-one hundredths (253.81) feet to a stake at other land of Barrick; thence along said Banick land, North '16 degrees 21 minutes East a distance of two hundred thirty-five and ninety-five hundredths (235..95) feet to a stake along the public road; thence along same, North 22 degrees S 5 minutes East a distance of three hundred twenty and forty-eight hundredths (320.48) feet to a railroad spike in the public road at land of W.R. Ryan; thence along same through said public road, North 8 degrees 45 minutes West a distance of four hundred forty-five (445) feet to a railroad spike in said road; thence along land of Ryan, North 71 degrees 15 minutes West a distance of two hundred ninety-seven (2.97) fef;t to land of Schnupp; thence along same, North 3 degrees 45 minutes East a distance of three: hundred forty-three andtwo- tenths (343.2} feet to a stake at land now or formerly of Kugle; thence along. same, North 3 degrees 15 minutes West a distance of two hundred fifty-four and one-tenth (254.1) feet to a stake at land of Jacob Miller; thence along Miller land the following courses and distances: (1) South 88 degrees East adistance ofthree-hundred sixty-three {363) feet to a stake; (2) South b degrees West a distance of ninety-nine (99) feet to a stone, (3) North 89 degrees 15 minutes E'.ast a distance of six hundred thirty-five and twenty-five hundredths {635.25) feet to a stake; (4) South 87 degrees 16 minutes East a distance of one thousand three hundred fifty-nine and eight hundredths (1,3 59.08) feet to a brad in a fourteen inch (14") tree, (5) South 5 degrees 4 minutes West a distance of eight hundred eighty and forty-two hundredths (880.42) feet to athirty-six inch (36") tree, (b) South 81 degrees 52 minutes East a distance of one thousand four hundred seventy-three and fifty-six hundredths (1,473.56} feet to a stake at land now or formerly of Charles Miller; thence along said Miller land, South 46 degrees 42 minutes West a distance of five hundred twenty-nine and thirty-six hundredths (529.36) feet to a stake at land of Sarah Spangler; thence along lands of Sarah Spangler and John Witmer Estate, South 87 degrees 51 minutes West a distance of two thousand nine hundred fifty and fifty-eight hundredths (2,950.58) feet to a white oak tree at land of Elsie Barrick, the PLACE QF BEGINNING. CONTAINING ninety-one and forty-five hundredths (91.45) acres, as surveyed by D.P. Raffensperger, R.S., on November 13, 1961. B E I N G the same premises which Clifford M. Sgrignoli and William B. Tenny, co- partners, by their Deed dated July 15, 1963, and recorded in the Recorder of Deeds in and for Cumberland County, Pennsylvania, on July 16, 1963 in Deed Book X, Volume 20, Page 337, granted and conveyed unto Calvin D. McCarthy and M. Arlene McCarthy, the Grantor(s) herein. The said Calvin D. McCarthy died September 25, 2007 thereby vesting title solely in the said M. Arlene McCarthy, as surviving tenant by the entireties, Grantor herein. T O G E T H E R with all andsingular the buildings, improvements, ways, woods, waters, watercourses, rights, liberties, privileges, hereditaments and appurtenances to the same belonging or in anywise appertaining; and the reversion and reversions, remainder and remainders, rents, issues and profits thereof, and of every part and parcel thereof; and also all the estate, right, title, interest, use, possession, property, claim and demand whatsoever of the Grantor(s) both in law and in equity, of, in and to the premises herein described and every part and parcel thereof with the appurtenances. To have and to hold all and singular the premises herein described together with the hereditaments and appurtenances unto the Grantee(s) and to Grantee(s)' proper use and benefit forever. AND the said Grantors} do(es) hereby covenant to and with the said Grantee(s) that he/she/they shall and will warrant and forever defend the herein above described premises, with the hereditaments and appurtenances, unto the said Grantee(s) and assigns, against the said Grantor(s) and against every other person lawfully claiming or who shall hereafter claim the same or any part thereof, by, from or under any of them. THIS TRANSFER IS EXEMPT FROM TRANSFER TAX AS A TRANSFER FROM A HUSBAND AND WIFE TO WIFE. IN WITNESS WHEREOF, the said Grantor(s) have/has caused these presents to be duly executed the day and year first above written. Signed Sealed and Delivered in the Presence of ~--t- ~ . (..~9 (SEAL) V~itne . ARLENE McCARTH'Y, by and through her Agent, DIANE L. CLINE COMMONWEALTH OF PENNSYLVANIA COUNTY OF DAUPHIN SS. On this, the ~~~ day of N)a rr,~~ 2008, before me the undersigned officer, personally appeared Diane L. Cline, Agent for M. Arlene McCarthy, known to me (or satisfactorily proven) to be the person whose name is subscribed to 'the within instrument, and acknowledged that she executed the same for the purpose therein contained. IN WITNESS WHEREOF, I have hereunto set my hand and notarial seal. ~-{ Q Public nowtw. aEau ' JACClUELtNE A KELLY NAY rNbHC cm of w-amseu~ci, e~t~ cou~n MY Commlaaton Expires Dec 17, 7011 I hereby verify that the precise address of the grantee herein is: 60 Glendale Drive Mechanicsburtr, PA I7050 COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND n B alf of Grantee(s) SS. Recorded in the Office for Recording of Deeds in and for Cumberland County, Pennsylvania, in Record Book ,Page Witness my hand and seal of Office this day of Arno Domini, 2008. Recorder ROBERT P. ZIEGLER RECORDER OF DEEDS CUMBERLAND COUNTY 1 COURTHOUSE SQUARE CARLISLE, PA 17013 717-240-6370 Instrument Number - 200808569 Recorded On 3/24/2008 At 8:19:36 AM * Instrument Type -DEED Invoice Number -16880 User ID - MSW * Grantor - MCCARTHY, M ARLENE * Grantee - MCCARTHY, M ARLENE * Customer - C D MCCARTHY * FEES STATE WRIT TAX $0.50 STATE JCS/ACCESS TO $10.00 JUSTICE RECORDING FEES - $12.50 RECORDER OF DEEDS AFFORDABLE HOUSING $12.50 COUNTX ARCHIVES FEE $2.00 ROD ARCHIVES FEE $3.00 CtINH3ERLAND VALLEY SCHOOL $0.00 DISTRICT SILVER SPRING TOWNSHIP $0.00 TOTAL PAID $39.50 * Total Pages - 5 Certif cation Page DO NOT DETACH This page is now part of this legal document. I Certify this to be recorded in Cumberland County PA K~ o~ cu~ye~ ,~ 9 p ~_ - ~ RECORDER O D EDS ~~ 1~ a~so * -Information denoted by an asterisk may change during the verification process and may not be reflected on this page. u iiuu~iiiii!iRi~iu REV•183 EX (i 1-04) i 1 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OP REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280803 HARRISBURG. PA 17128-0603 REALTY TRANSFER TAX RCLVRUC~RJ State Tax Paid STATEMENT OF VALUE BoakNumber Page Number See Reverse fvr Instructions Date Recorded `~ ~~ Complete each section and file in duplicate with Recorder of Deeds when (i) the full valuelconsideration is not set forth in the deed, (2) when the deed is without consideration, or by gift, or (3) a tax exemption is claimed. A Statement of Value is not required if the transfer is wholly exempt from tax based on: {1) family relationship or (2) public utility easement. If more space is needed attach additional sheet(s). A. CORRESPONDENT -All in uiries may be directed to the following person: Name Telephone Number: Diane L. Cline _ _ r ~ ~ ~ 1 _ d37dR77 Street Address 73 Nailor Road B. TRANSFER DATA G rantor(s)/Lessor(s) M. Arlene McCarthy,by and throe Street Address 60 Glendale Drive city Mechanicsburg C. PROPERTY LOCATION Street Address 60 Glendale Drive County Cumberland D. VALUATION DATA 1. Actual Cash Consideration 4. County Assessed Value 1. E. EXEMPTION DATA 1 a. Amount of Exemption Claimed Zip Code Date of Acceptance of Document Grantee(s)/Lessee(s) Street Address `Tze State I Zip Code ~ City School pistrict E'r -w,e ~'). r+r7elle NtC j_iV. 7iuStGlclfed- State Zip Code Tax Parcel Number 2. Other Consideration 5. Common Level Rati+ X Township, Borough 7 b. Percentage of Interest Conveyed 3. Total Consideration 8. Fair Market Value 2. Check Appropriate Box Below for Exemption Claimed ^ Will or intestate succession (Name of Decedent) (Estate Fite Number) ^ Transfer to industrial Development Agency. Transfer to a trust. (Attach complete copy of trust agreement identifying all beneficiaries.) ^ Transfer between principal and agent. {Attach complete copy ofagency/straw party agreement.) ^ Transfers to the Commonwealth, the United States and Instrumentalities by gift, dedication, condemnation or in lieu of condemnation. (lf condemnation or in lieu of condemnation, attach copy of re:5olution.) ^ Transfer from mortgagor to a holder of a mortgage in default. Mortgage Book Number ,Page Number ^ Corrective or confirmatory deed. (Attach complete copy of the prior deed being corrected or confirmed.) ^ Statutory corporate consolidation, merger or division. {Attach copy of articles.) ^ Other (Please explain exemption claimed, if other than listed above.) Under penalties of law, I declare that I have examined this Statement, including accompanying information, and to the best of my knowledge and belief, it is Prue, correct and complete. Signatur~ of Correspondent o~,R~sponsible Party Date FAILURE TO COMPLETE THIS FORM PROPERLY OR ATTACK APPLICABLE DOCUMENTATION MAY RESULT IN THE RECORDER'S REFUSAL TO RECORD THE DEED, G 7~G F United States Estate (and Generation-SKipping orm Transfer) Tax Return OMB No 1545-0015 (Rev. August 2008) Estate of a citizen or resident of the United States (see separate instructions). Department of the Treasury Internal Revenue Service To be filed for decedents dying after December 31, 2007, and before January 1, 2009. 1 a Decedent's first name and middle initial (and maiden name, if any) 1 b Decedent's last name 2 Decedent's SSN MARY ARLENE ARNOLD MCCARTHY 202-20-3868 0 ~ 3a County, state, and ZIP code, or foreign country, of legal 3b Year domicile established 4 Date of birth 5 Date of death residence (domicile) at time of death 19 6 3 9 2 9 19 2 6 5 0 9 0 8 W ~ CUMBERLAND , PA 17 0 5 0 6b Executor's address (number and street including apartment or suite no ;city, town, ~ ~ 6a Name of executor (see page 4 of the instructions) or post office; state; and ZIP code) and phone no. DIANE L CLINE 73 NAILOR ROAD °~' 6c Executor's social security number (see page 5 of the instructions) DILLSBURG PA 17 019 0 206-38-9776 Phone no. 717-432-4622 7a Name and location of court where will was probated or estate administered 7b Case number a CUMBERLAND COUNTY REGISTER OF WILLS ONE COURTHOUSE SQ,CARLISLE,PA 17013 2008-00536 8 If decedent died testate, check here - and attach a certified co of the will. 9 If' ou extended the time to file this Form 706, check here - 10 If Schedule R-1 is attached, check here - 1 Total gross estate less exclusion (from Part 5-Recapitulation, page 3, item 12) 1 2 , 8 81, 54 5 2 Tentative total allowable deductions (from Part 5-Recapitulation, page 3, item 22) 2 17 0 , 2 8 8 3a Tentative taxable estate (before state death tax deduction) (subtract line 2 from line 1) 3a 2 , 7 11 , 2 5 7 b State death tax deduction 3b 12 4 , 7 11 c Taxable estate (subtract line 3b from line 3a) 3c 2 , 5 8 6 , 54 6 4 Adjusted taxable gifts (total taxable gifts (within the meaning of section 2503) made by the decedent other than gifts that are includible in decedent's gross estate (section 2001(b))) 1976 after December 31 4 , , 5 Add lines 3c and 4 5 2, 5 8 6, 54 6 6 Tentative tax on the amount on line 5 from Table A on page 4 of the instructions 6 1 , 0 4 4 , 7 4 6 7 Total gift tax paid or payable with respect to gifts made by the decedent after December 31, 1976. ~ °- Include ift taxes b the decedent's s Ouse for such s Ouse's share of s lit efts section 2513 onI If 9 Y P P P 9 ( ) Y a the decedent was the donor of these gifts and they are includible in the decedent's gross estate (see o instructions) 7 v .. .... .... .... 8 Gross estate tax (subtract line 7 from line 6) 8 1 , 0 4 4 , 7 4 6 F14.. ....... 9 Maximum unified credit (applicable credit amount) against estate tax 9 7 8 0 , 8 0 0 ~, 10 Adjustment to unified credit (applicable credit amount). (This adjustment ~ may not exceed $6,000. See page 6 of the instructions.) 10 0 a 11 Allowable unified credit (applicable credit amount) (subtract line 10 from line 9) 11 7 8 0 , $ 0 0 12 Subtract line 11 from line 8 (but do not enter less than zero) .. ...... .. 12 2 6 3 , 9 4 6 13 Credit for foreign death taxes (from Schedule(s) P). (Attach Form(s) 706-C E.) 13 ............................................... 14 Credit for tax on prior transfers (from Schedule O) 14 15 Total credits (add lines 13 and 14) 15 16 Net estate tax (subtract line 15 from line 12) 16 2 6 3 , 94 6 17 Generation-skipping transfer (GST) taxes payable (from Schedule R, Part 2, line 10) 17 18 Total transfer taxes (add lines 16 and 17} 18 2 63 , 94 6 19 Prior payments. Explain in an attached statement 19 20 Balance due (or overpayment) (subtract line 19 from line 18) ................... 20 2 6 3 , 9 4 6 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. Sign ~ Here ' DI E L CLINE _ ' ~~ ~j~ Signat a of executor Date„ _~ ~~ Signature of executor t ' Date Preparer's Dz~te Check if Preparer's SSN or PTIN Paid signature DARYL R WEBBER, CPA -~• y ~ sett-employed- ^ P00007994 Preparer's pARKS & COMPANY EIN - 3 0- 0 5 0 3 0 9 3 Use Only Firm's name (or yours if self-employed),' $15 E ARCH ST Phone no. address, and ZIP code pALMYRA, PA 17 0 7 8 717 - 8 3 8- 2 3 8 7 For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the separate instructions for this form. Form 706 (Rev. a-zoos) DAA Form 706 (Rev.8-2008 Decedent's Social Security Number Estate of: Mp,Ry ARLENE MCCARTHY 2 0 2- 2 0- 3 8 6 8 Part 3-Elections by the Executor rrease cnecK Lne 1•es or no oox ror eacn quesnon (see Instructions beglnning on page 6). Yes No Note. Some of these elections ma re uire the ostin of bonds or liens. 1 Do ou elect alternate valuation? 1 X 2 Do you elect special-use valuation? ................. ........ ........... X If "Yes," ou must com lete and attach Schedule A-1. 2 3 Do you elect to pay the taxes in installments as described in section 6166? If "Y " X es, you must attach the additional information described on pages 10 and 11 of the instructions. Note. By electing section 6166, you may be required to provide security for estate tax deferred under section 6166 and interest in the form of a sure bond or a section 6324A lien. 3 4 Do you elect to postpone the part of the taxes attributable to a reversionary or remainder interest as described in section 6163? . 4 X rare 4-laenefal IrliorfTtailOft (Note. Please attach the necessary supplemental documents. You must attach the death certificate.) (see instructions on page 12) 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 written or oral resentations on behalf of the estate if return re ared b an attorne ,accountant, or enrolled a ent for the executor: Name of representative (print or type) State AddreSS (number, street, and room or suite no., city, state, and ZIP code) 815 E ARCH STREET DARYL R WEBBER, CPA PA PALMYRA PA 17078 I declare that I am the attorney/ X certified public accountanU 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 CAF number Date Telephone number C~ 2605-46635R ~ Y~~ 717-838-2387 1 Deat rtificate number and issuing authority (attach a copy of the death certificate to this return). P 83106 COMMONWEALTH OF PENNSYLVANIA 2 e dent's business or occupation. If retired, check here - X and state decedent's former business or occupation. OMEMAKER 3 Marital status of the decedent at time of death: Married X Widow or widower-Name, SSN, and date of death of deceased spouse - 9 / 2 5 / 0 7 CALVIN D MCCARTHY 162-22-0400 Single Legally separated Divorced-Date divorce decree became final - 4a Surviving spouse's name 4b Social security number 4c Amount received (see page t2 of me instructions) NONE 5 Individuals lother than the sunivino soousel. trusts. or other estates who receive benefits from the estate (do not include charitable beneficiaries shown in Schwinle ~l rsPa incrr t Name of individual trust, or estate receivin $5 000 or more Identi in number Relationshi to decedent Amount see instructions' DIANE L CLINE KENNETH L MCCARTHY CAROLYN L BISHOP MARILYN L MCCARTHY-WADLINGER 206-38-9776 206-38-9774 206-38-9775 206-38-9777 DAUGHTER SON DAUGHTER DAUGHTER 580,650 580,650 580,650 580,650 All unascertainable beneficiaries and those who receive less than $5,000 - Totat _. .. _ _. 2, 322, 600 Please check the "Yes" or "No" box for each uestion. Yes No 6 Does the gross estate contain any section 2044 property (qualified terminable interest property (QTIP) from a prior gift or estate) see a e 12 of the instructions ? _ X 7a Have federal gift tax returns ever been filed? X tf "Yes," lease attach co ies of the returns, if available, and furnish the followin information: 7b Periods covered 7C Internal Revenue offices where filed 8a Was there an insurance on the decedent's life that is not included on the return as art of the ross estate? X b Did the decedent own an insurance on the life of another that is not included in the ross estate? X (continued on next page) Page 2 DAA Form 706 (Rev 8-2008) MARY ARLENE MCCARTHY 2 0 2- 2 0- 3 8 6 8 Part 4-General Information (continued) If you answer "Yes" to any of questions 9-16 you must attach additional information as described in the instructions. Yes No 9 Did the decedent at the time of death own any property as a joint tenant with right 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 ............. ..... X 10a Did the decedent, at the time of death, own any interest in a partnership (for example, a family limited partnership), an unincorporated business or a limited liability company or own any stock in an inactive or closely held corporation? ................................................ X b If "Yes," was the value of any interest owned (from above) discounted on this estate tax return? If "Yes," see the instructions for Schedule F on page 20 for reporting the total accumulated or effective discounts taken on Schedule F or G ........ ................... X 11 Did the decedent make any transfer described in section 2035, 2036, 2037, or 2038 (see the instructions for Schedule G beginning on page 15 of the separate instructions)? If "Yes," you must complete and attach Schedule G ........................................ X 12a Were there in existence at the time of the decedent's death an trusts created b the decedent Burin his or her lifetime? ............... X b Were there in existence at the time of the decedent's death any trusts not created by the decedent under which the decedent possessed any power beneficial interest or trusteeship? ................................................. ......... .............. X c Was the decedent receiving income from a trust created after October 22, 1986 by a parent or grandparent? X If "Yes "was there a GST taxable termination (under section 2612) upon the death of the decedemt? .................................. X d If there was a GST taxable termination (under section 2612), attach a statement to explain. Provide a copy of the trust or will creating the trust and give the name address, and phone number of the current trustee(s). e Did the decedent at any time during his or her lifetime transfer or sell an interest in a partnership, limited liability company, or closely held corporation to a trust described in question 12a or 12b? X If "Yes "provide the EIN number to this transferred/sold item. - 13 Did the decedent ever possess exercise or release any general power of appointment? If "Yes," you must complete and attach Schedule H ............... X 14 Did the decedent have an interest in or a signature or other authority over a financial account in a foreign country, such as a bank account, securities account, or other financial account? ..... X 15 Was the decedent, immediately before death, receiving an annuity described in the "General" paragraph of the instructions for Schedule 1 or a private annuity? If "Yes "you must complete and attach Schedule I .................................................. X 16 Was the decedent ever the beneficiary of a trust for which a deduction was claimed by the estatf~ of apre-deceased spouse under section 2056(b)(7) and which is not reported on this return? If "Yes "attach an explanation . . . ......................... ........ X Part 5-Recapitulation Item no. Gross estate Alternate value Value at date of death 1 Schedule A -Real Estate 'I 0 0 2 Schedule B -Stocks and Bonds 2 1, 2 0 0, 9 0 0 1, 411, 4 21 3 Schedule C .................................................... -Mortgages, Notes, and Cash 3 0 0 4 Schedule D -Insurance on the Decedent's Life (attach Form(s) 712) 4 0 0 5 Schedule E -Jointly Owned Property (attach Form(s) 712 for life insurance) :5 0 0 6 Schedule F -Other Miscellaneous Property (attach Form(s) 712 for life insurance) 6 10 6 , 53 4 10 6 , 5 3 4 7 Schedule G -Transfers During Decedent's Life (att. Form(s) 712 for life insurance) '.7 1 , 4 3 4 , 4 8 6 1, 4 3 4 , 4 8 6 8 Schedule H -Powers of Appointment 8 0 0 9 Schedule I- ............................................... Annuities ............................................................ 3 1 3 9, 6 2 5 1 3 9, 6 2 5 10 Total ross estate add items 1 throu h 9 ........................................... 10 2, 8 81, 5 4 5 3, 0 9 2, 0 6 6 11 Schedule U -Qualified Conservation Easement Exclusion 11 0 0 12 ............................ Total gross estate less exclusion (subtract item 11 from item 10). Enter here and on line 1 of Part 2-Tax Com utation ........................................... 12 2 , 8 81, 54 5 3 , 0 9 2 , 0 6 6 Item no. Deductions Amount 13 Schedule J- Funeral Expenses and Expenses Incurred in Administering Property Subject t o Claims 13 16 3 , 4 3 9 14 Schedule K -Debts of the Decedent 14 6 , 84 9 15 Schedule K -Mortgages and Liens 15 16 Total of item ................................................... s 13 through 15 .......... ............ 16 17 0 , 2 8 8 17 .......................................................... Allowable amount of deductions from item 16 (see the instructions for item 17 of the Recap .......... itulation) ............. 17 17 0 , 2 8 8 18 Schedule L -Net Losses During Administration .. ............ 18 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 Be uests ........................ .......... .. ....... ............ ............ 21 22 Tentative total allowable deductions add items 17 throu h 21 . Enter here and on line 2 of the Tax Com utation 22 17 0 , 2 8 8 Page 3 DAA Farm 706 (Rev. 8-2008) ' Decedent's Social Security Number FctatP of ~ MARY ARLENE MCCARTHY _ 2 0 2- 2 0- 3 8 6 8 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 value for identification, Give CUSIP number. If trust, CUSIP number or EIN, Unit value Alternate Alternate value Value at date of ath d number artnershi , or close) held entit , ive EIN where applicable valuation date e 1. 746 SH - ALCATEL-LUCENT (ALU 013904-305 6.990 5,215 COMMON - SOLD 9-4-08 5.362 9/04/08 4,000 2 10,000 SH - A T & T (T) 002068-102 38 580 385,800 COMMON - SOLD 9-04-08 31.820 9/04/08 318,228 3 13,895.73 SH - A T & T (T) 002068-102 38.580 536,099 COMMON - SOLD 9-08-08 31.704 9/08/08 440,530 4 3,034 SH - COMCAST CORP (CMCSA) 20030N-101 21.81.0 66,172 COMMON - SOLD 9-04-08 21..180 9/04/08 64,260 5 150 SH - FAIRPOINT COMM (FRP) 30556010 9.000 1,350 COMMON - SOLD 9-26-08 8.552 9/26/08 1,324 6 428 SH - IDEARC INC (IAR) 451663-108 4.930 2,110 COMMON - SOLD 9-04-08 1..622 9/04/08 694 7 239 SH - LSI CORP (LSI) 502161-102 6.660 1,592 COMMON - SOLD 09-04-08 6.1.92 9/04/08 1,480 8 368 SH - NCR CORP (NCR) 62886E-108 24.800 9,126 COMMON - SOLD 9-04-08 24.954 9/04/08 9,183 9 1,044 SH - QWEST COMM (Q) 749121-109 4.81.0 5,022 COMMON - SOLD 9-04-08 3.952 9/04/08 4,126 DIVIDEND PAID 5-9-08 5/09/08 84 84 ].0 368 SH - TERADATA CORP (TDC) 88076W-103 23.540 8,663 COMMON - SOLD 9-04-08 23.052 9/04/08 8,483 1.1 922 SH - VERIZON COMM ( VZ) 92343V-104 37.850 34,898 COMMON - SOLD 9-04-08 34.552 9/04/08 31,857 12 e,ooo.4z sx - vERIZON coMM (VZ) 92343V-104 37.850 3o2,a15 COMMON - SOLD 9-os-os 34.637 9/08/08 277,1os 13 1,666.926 SH - VODAFONE GR(VOD) 92857W-209 31..480 52,475 COMMON - SOLD 9-08-08 23.722 9/08/08 39,543 Tot al from continuation schedules (or additional shee ts) attached to this schedule TOTAL. (Also enter on Part 5-Recapitulation, page 3, at item 2.) 1, 200, 900 1, 411, 421 (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.) Schedule B-Page 12 DAA THERE ARE NO CONTINUATION SCHEDULES ATTACHED 706 (Rev. ' Decedent's Social Security Number Estate of: MARY ARLENE MCCARTHY _ 2 0 2- 2 0- 3 8 6 8 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.) /lf vnn Plertt sertinn ~n39A valuation. you must complete Schedule F and Schedule A-1.) 1 Did the decedent at the time of death own any works of art or items with collectible value in excess of $3,000 or Yes No any collections whose artistic or collectible value combined at date of death exceeded $10,000? .......... X If "Yes "submit full details on this schedule and attach appraisals. received (or will receive) any bonus or award as a result of or any other person spouse 2 Has the decedent's estate , , , the decedent's employment or death? X If "Yes," submit full details on this schedule. 3 Did the decedent at the time of death have, or have access to, a safe deposit box? X If "Yes," state location, and if held in joint names of decedent and another, state name and relationship of joint depositor If any of the contents of the safe deposit box are omitted from the schedules in this return, explain fully why omitted. Item Description. For securities, give CUSIP number. If trust, partnership, or Alternate Alternate value Value at date of death number closely held entity, give EIN valuation date' CUSIP number or EIN, where applicable 1 2007 IRS REFUND 5/23/CI8 5, 036 5, 036 2 STIMULUS REBATE CHECK 7/ 0 3/ 0 8 1, 2 0 0 1, 2 0 0 3 VERIZON 6/1 PENSION PAYMENT 6/01/08 1, 043 1, 043 4 VERIZON PENSION BENEFIT 9/01/08 45, 700 45, 700 5 ALL I S- CHALMERS TRACTOR - SOLD 11 / 0 9/ 0 8 3, 4 0 0 3, 4 0 0 6 1953 CADILLAC CONY COUPE 11/O1/CI8 20, 000 20, 000 VIN 536294872 - SALE PROCEEDS 7 197 5 YAMAHA MOTORCYCLE 11 / 0 9/ 0 8 3 0 0 3 0 0 VIN 437114639 8 1977 SHASTA TRAILER 11/09/08 1, 000 1, 000 VIN A22P006402 9 19 82 CHEVROLET CHEVETTE 11 / 0 9/ 0 8 1, 0 0 0 1, 0 0 0 VIN 1G1AB68D6CY104614 - SOLD 10 1983 MERCEDES 30oDT 11/01/08 4, 000 4, 000 VIN WDBAB33A6DB020413 - SOLD 11 19 8 4 HONDA MOTORCYCLE 11 / 0 9/ 0 8 3 5 0 3 5 0 VIN JH2AF0603E5005772 - SOLD 12 1985 PLYMOUTH HORIZON 7/08/08 490 490 VIN 1P3BM18C7FD166731 - SOLD 13 1986 KOMFORT TRAILER 7/08/08 2, 000 2, 000 VIN 1K73KFR27G1002833 14 HOUSEHOLD GOODS - SOLD 10 / 0 1 / 0 8 5, 2 0 5 5, 2 0 5 15 HOUSEHOLD GOODS & FURNISHING 11 / 0 9 / 0 8 15 , 0 0 0 15 , 0 0 0 16 CAROYLN MCCARTHY 5/ 0 9/ 0 8 6 2 0 6 2 0 17 COMCAST - DIVIDEND 5/09/08 39 39 18 COMCAST - DIVIDEND 5/09/08 151 151 Tota l from continuation schedules (or additional sheets) attach ed to this schedule . ............. . TOTAL. (Also enter on Part 5-Recapitulation, page 3, at item 6.) .............................. 10 6 , 5 3 4 10 6 , 5 3 4 (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 on the reverse side.) DAA THERE ARE NO CONTINUATION SCHEDULES ATTACHED Schedule F-Page 19 Form 706 (Rev 8-2008) ~ Decedent's Social Security Number FctatP nf~ MARY ARLENE MCCARTHY 2 0 2- 2 0- 3 8 6 8 SCHEDULE G-Transfers During Decedent's Life (If you elect section 2032A valuation, you must complete Schedule G and Schedule A-1.) Item Description. For securities, give CUSIP number. If trust, Alternate Alternate value Value at date of death number partnership, or closely held entity, give EIN valuation date A. Gift tax paid or payable by the decedent or the estate for all gifts made by the decedent or his or her spouse within 3 years before the decedent's death (section 2035(b)) X X X X X B. Transfers includible under section 2035(a), 2036, 2037, or 2038: THE M ARLENE MCCARTHY LIVING TRUST CREATED MARCH 20, 2008 1 PERSONAL RESIDENCE & FARM LAND 11/09/08 1,150,000 1,150,000 91.45 ACRES - 60 GLENDALE DRIVE SILVER SPRING TOWNSHIP CUMBERLAND COUNTY, PA 2 BELCO - MONEY MARKET ACCT 93,314 ACCT # 019770 11/09/08 93,314 3 BELCO - SAVINGS ACCT 95,773 ACCT # 019780 11/09/08 95,773 4 M & T BANK - CHECKING ACCT 91,900 ACCT # 11/09/08 91,900 5 M& T BANK - C D 3,331 ACCT # 031003915257066 11/09/08 3,331 ACCRUED INTEREST 5 09 08 168 168 THERE ARE NO CONTINUATION SCHEDULES ATTACHED Tota l from continuation schedules (or additional sheets) attached to this schedule . ............. . TOTAL. (Also enter on Part 5-Recapitulation, page 3, at item 7.) ............ „_.._ ............. 1 , 4 3 4 , 4 8 6 1, 4 3 4 , 4 8 6 SCHEDULE H-Powers of Appointment (Include "5 and 5 lapsing" powers (section 2041(b)(2)) held by the decedent.) If ou elect section 2032A valuation, ou must com lete Schedule H and Schedule A-1. Item number Descri lion p Alternate valuation date Alternate value Value at date of death THERE ARE NO CONTINUATION SCHEDULES ATTACHED Total from continuation schedules (or additional sheets) attached to this schedule ............. TOTAL. (Also enter on Part 5-Recapitulation, page 3, at item 8.) .............................. ~ 0 ~ 0 (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 Schedules G and H are in the separate instructions.) Schedules G and H-Page 21 DAA Form ' Decedent's Social Security Number Estate of: MARY ARLENE MCCARTHY _ 2 0 2- 2 0- 3 8 6 8 SCHEDULE I-Annuities ~~..•e lanc.o lhi n vrlncinn is ~Iln,niarl fnr tha P~tatPC of riererients riving after December 31.1984 (see gaoe 17 of the instructions). ou excluding from the decedent's gross estate the value of a lump-sum distribution described in section A Are Yes No y 2039(f)(2) (as in effect before its repeal by the Deficit Reduction Act of 1984)? X If "Yes," ou must attach the information re wired b the instructions. ._._. Item number Description. Show the entire value of the annuity before any exclusions Alternate valuation date. Includible alternate value Includible value at date of death 1 GREAT AMERICAN LIFE INSURANCE CO 29,356 QUALIFIED ANNUITY POLICY 11/09/08 29,356 POLICY 80508960 2 GREAT AMERICAN LIFE INSURANCE CO 54,433 NON-QUALIFIED ANNUITY 11/09/C18 54,433 POLICY 06541248 3 SHENANDOAH LIFE INSURANCE CO 55,836 NON-QUALIFIED ANNUITY 11/09/08 55,836 POLICY 001058871 Tota l from continuation schedules (or additional sheets) attached to this schedule . ............ . TOTAL. (Also enter on Part 5-Recapitulation, page 3, at item 9.) ............................. 13 9 , 6 2 5 13 9 , 6 2 5 (If more space is needed, attach the continuation schedule from the end of this package or additional sheets of the same size.) Schedule I-Page 22 (The instructions to Schedule I are in the separate instructions.) DAA THERE ARE NO CONTINUATION SCHEDULES ATTACHED Decedent's Social Security Number Estate of: MARY ARLENE MCCARTHY __ 2 02 - 2 0 - 3 8 6 8 SCHEDULE J-Funeral Expenses and Expenses Incurred in Administering Property Subject to Claims Note. Do not list on this schedule expenses of administering property not subject to claims. For those Expenses, see the instructions for Schedule L. If executors' 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 ~n,.,o fw liarlnr•finn nn Fnrm indt if a waiver is filed to waive the deduction on Form 706 (see the Form 1041 instructions). Item Description Expense amount Total amount no. A. Funeral expenses: ~ MYERS FUNERAL HOME 8,120 GINGRICH MEMORIALS 3,300 ROYERS FLOWERS 320 Total funeral expenses - 11 , 7 4 0 B. Administration expenses: 1 Executors' commissions- AGREED UPON (Strike out the words that do not apply.) . 58,000 ......... 2 Attorney fees- AGREED UPON (Strike out the words that do not apply.) 7 2 , 0 0 0 ....................... 3 Accountant fees- AGREED UPON (Strike out the words that do not apply.) 1 , 8 5 0 ....................... Expense amount 4 Miscellaneous expenses: REGISTER OF WILLS 1,117 CUMBERLAND LAW JOURNAL - LEGAL ADVE 75 PATRIOT NEWS - LEGAL ADVERTISING 304 DON SHEATER REAL ESTATE APPRAISAL 2,500 SMITH BARNEY - COMMISSIONS 7,272 ANIMAL CARE 428 DEBRA WEIST - REAL ESTATE TARE 1,533 ERIE INSURANCE 213 STAPLES - OFFICE SUPPLIES 349 LAWN CARE & LANDSCAPE 5,010 HOME DEPOT 535 PPL - ELECTRIC 413 KEVIN M WICKARD AUCTIONEERING 100 Total miscellaneous expenses from continuation schedules (or additional sheets) attached to this schedule ............... . ............................................... Total miscellaneous ex enses ......... ........................................................ ............. - 1 9 , 8 4 9 TOTAL. (Also enter on Part 5-Recapitulation, page 3, at item 13.) .................... ............................. - 163 , 43 9 (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 on the reverse side.) Schedule J-Page 23 DAA THERE ARE NO CONTINUATION SCHEDULES ATTACHED Form 706 (Rev 8-2008) ' Decedent's Social Security Number Estate of: MARY ARLENE MCCARTHY 2 0 2- 2 0- 3 8 6 8 SCHEDULE K-Debts of the Decedent, and Mortgages and Liens Item Debts of the Decedent-Creditor and nature of claim, and allowable death taxes Amount un aid to date P Amount in contest Ama deductiond as number 1 CHECK 3269 - WRITTEN PREDEATH 126 2 CHECK 3270 - WRITTEN PREDEATH 28 3 CHECK 3265 - WRITTEN PREDEATH 5,304 4 COMFORCARE - MEDICAL 55 5 HOLY SPIRIT HOSPITAL 55 6 PA DEPT OF REVENUE 1,200 7 PINNACLE HEALTH SERVICES 23 8 PPL - ELECTRIC 58 THERE ARE NO CONTINUATION SCHEDULES ATTACHED Total from continuation schedules (or additional sheets) attached to this schedule ...................... ................ . TOTAL. Also enter on Part 5-Reca itulation a e 3 at item 14 . .................................... ................ 6 , 84 9 Item number Mortgages and Liens-Description Amount THERE ARE NO CONTINUATION SCHEDULES ATTACHED Total from continuation schedules (or additional attached to this schedule (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.) Schedule K-Page 25 DAA ~~~~~ ~~~~~~~~f~ ~~k~t~~~C~~~~~~~ ~ Q~~x '~N~.R~~Et~C~: Bt is il(eg~E to ct~~Eieate thy~ ca~}F E~y° ~Ftata:.tit ar ~hatogr~ph. - I!~ tifiC~'!' Sh.!lU Certil icatuyn ''Jum~~er This is to cerrif~~ that the ii.formation here Riven is correctly copied from an ol~i~yinal Certificate of Death duly fried ~~'i?fr ~~ie as Local Registrar. The original certificate will he fort~7arded to the State Vital ?Zecord~ E?ffice for pernnuient filing. ortl Registrar Date Issued tie r.LV tt:.:un COMMONWEALTH OF PENNSYLVANIA • DEPARTMENT OF HEALTH • VIIfAL RECORDS rPC PRINT IN PFRh1ANC1'7 CERTIFICATE OF DEATH sLACr.1NK (See instructions and examples on reverse) 5'(ATE FILE NUMBER 1 Na-yw' pt Oe:edxnl (Fus\ mrCd{e Iasi. solli+) 2. Sex 3- Social Security Number 4. Dale of Death (Month tlay, yebr) M. Arlene McCarthy Female 202 - 20 -3868 May 9, 2008 5 Age (Lass Binhtlayl Untler 1 year Untler I tlay 6. Delp of Binh (Monln, day, year) 7. Bulnplace ICUy antl state or lomlgn country) Ba Place pl Dealn (Check only oriel nwmre pay, nuu~s ua.,la: Hospital'. Olner. 61 y,a September 29, 1926 Harrrisburg, Pennsylvania ^Inpalienl ^E:RIOulpabent ^D()A ^Nmsmig Hwne ~ACSroencu ^GUier Sp '1. Qtly Bo County pl Dealli & Crty. Bwo, Twp pt Doaln Bd Faclily Nama (II not insVluudq give street and number) 9 Was Decetlenl DI Hispanic Onyin? ~NO ^ Yes 10. RacE. American Indian Rkck YlMe. elr. 1° Cumberland Silver Spring (gp¢"'/1 60 Glendale Road al ya:; ape[ily c"na", Mexican, Puerto Rican, etc.) W h Ice 11. DxeM:nls Usual Occupanon (Kind of wofn done during moll of wrnbn life. Da not stare reLietll 12. Was Decadent aver in Ine 13 Decedent's Etlucallvn (Spenly only hignesl gratle completed) 14. Mental Status' Married Never tAUnietl 15 Sunrcin Spouse (If vzde ive meideii n me KIrW of Work Kmtl pl Busnas511nbiislry , g g ) a U.S Almad Faces? Elemenlery /Secondary (012) College (1~4 or 5+) Witlowetl, Uworeetl [Spaaly Homemaker Own Home ^Yps ~NO 12 Widowed lo. Decedents M,u4ng Adaess (Sueel. uty i town, stale, zip cW¢) Decedent's Did Decedent Silver S nn PA Li A R P g 60 Glendale Drive ctual esltlence I7a Stale ve in a t 7C Yes, Decedent LrveO m ~ Trip Mechanicsburg, PA 17050 Tpwnsnipe nD cppnly Cumberland I]tl ^ Np,Da[¢tl¢nlLw¢dwinxn Actual Limns of Coy r Uixu IB Father s Nenrc IFirsl iniJUlo Wst. sullixf 19- Molhet's Nanre (Frsl, mitltlle. maiden surname) Robert Arnold Mary Unknown 20a Inlormant's Nanre (Type ! PruN) 20b. InlormanTS Malbny Adtlress (Slreel, Illy / 4awn, slate, rip cWa) Diane McCarthy-Cline 73 Nailor Road Dillsburg, PA 17019 21a hlelnixl pl Dispasmpp i ^ Cremallpn ^ Donation 21 D. Data of Disposition IMOnIh, day, year) 21c Place of DisposlUCn (Name of ceinelary, cr(:f1181ory yr olnor place) 210 location (City l town, aWla, rip axle) dunal ^ Removal (rpm Style ~ Wes Cremation or Oonabon Authm¢ed . b ^ doer M a lE i 7c ^ ^ May 13 2006 Chestnut Hill Cemetery Mechanicsbur Pa 17055 e~i„ ~ y ai w xam ner prpnerv Yea NO , g, . 22a SI wre of Funera ~zve r p¢rsm acing as s 220 Lcense Number 22c Name and Address of Faceny FD-012662-L Myers Funeral Home, Inc. 37 East Main Street Mechanicsburg, PA 17055 Conrykle I ms 23x2 oMy wlsn cendy 23a Ire Dn/ Qt my 6nowfetlge. death oaurre al the lime, dale and place sl9led. (Signature arM bile) 23b. license NumDe~ 2"1-. D'ele Srgned (Mpnlli day yaerl phy~wan¢npt ava.lable al aura of tleal to c m [ apt dcaln. ~F ,J •,//~ ~~~ -/ _ ~d A ~(~~~~ ~~ rl..) /y~ ~?~ ~~s3vV ~ , , -~h~ q ~oo Hams 2426 roust be completed by person 24 Tlme of Deam 5~ 26- Dele Pronouncetl Dead (fAOnln day year) 26 Was Casa Relered Ip Memcal Examiner Icwwrer KK a Reason Other titan Cremalrori w [lpwlipn? ra pimourkes dealn ~ }~M. ~' L ~ UQ C'~ 3 ^Yes [~}Nc CAUSE OF DEA7H (See Instructlone antl ex mples) , App<ox curia mtenal. Pan u. Erner Niter s,Igp1~J[Il curtl tons cony buljpglp~Lall], 26 Dd Tpbaao Use Conti ou a Ip Daa n? I c r .; Peil I. E I 4LI 1N p eve Vs a s uyurres. or omPl -1 - met breay causod Ine doeln DO NOT enter le r gel eve v, wen us caN ac driest Or set to Dualr t oi.l not res.nlrny'n Inn unuonyrny cause q ven in Pan I ^ Yes ^ Prpbamy >V rata y arrest. or vent K'ular I IN llal on w tnpu sl ow ny Ilre &iuloyy Lsl onl) on¢ cause on Batt aria. IMMEDIATE CAUSE (Final dueas¢ or ^ No ^ Unkno i wr nonion resulong ir. deem; ~ a l ~rr~ •-~n 1 yn a ~ 29. ll Female -~ ~~, y„---- a;> l - e Due to (or as a conseq a ol)-. ~ ^ Nol preynanl wnnm past year YYS SeauenLally est contlnipns y any, D ~ ,~ .~.s~ 1„¢ ~7~~n loadny w Ine cause riled wi ivie a L!.]_L:L _- ^ Pregnant al time of aaln Emei Vie UNDERLYING CAUSE Due to (or as a conseq a fl_ q [ ^ Ncl pruywnl. but preynanl within 4e deys ] (pis¢a a m merry owl impaled ore / even¢srev,long n. ue•m)LAST. °- , j~Z~~~7't~'rl -- ul peam Due Ip (or as a cpnseauence oft ^ Not przBpanl. put pregnant 43 days to I year d Belpre tleam ^ Unknown tl pregnam wAhm the Past year 30a Was an Aulcps) 300 Yfere Autopsy Findings 31. Manner of Deam 32a. Dale of Injury IMOMn. tlay, year) 32b. Describe Mow Injury Occurre0 72c Place pl Injury' Mome Farm, Slreel Factory ?EA~nned? Avenabla Prior 10 Cpmpl¢lion ^ N¢l l ^ fl , OIIKe Bwlding etc. ($peCily) o. Cawe pl Deslh? ura omiatle ^ les ~ Np ^ Yes ^ No ^ Accident ^ Pestling Irz,esuyaliprr U2d. Tune of Inµlry 32e. Iryury al WorA? 321. II Transpvnalipn Iryury (Specilyl 32g. Location o11n(ury (Slreel, oily /lawn stele) ^ Su:.:ida ^:,ourtl Nol De Delennined ^ Yes ^ No ^ DnverlOperalpr ^ Passenyor ^Pedesirun M Omer - Speciry 33a Cenle~(rtxku ywal 3b Sg-aWr eantl Ile o1C cereal • Letllfyrn9 PhYSicwn IP! n lying I d- Ih wit- - pl. [' 1 ' p ~ ~tl doh l a d..pryl f' II ~ u 27l ~ ~~ /1/ io the pest of mY know) age Oe lh occ dtl Ime () tl tald ________ ___________________^ '-"- - V • Pronounc rig and ce Nly g pity )[Ian (Pot a L to pro 'u .. ny de'e.r ar ten ly rig la .dose pl deatrl I~ iv Ine best of m knowled tleatn occurred e t th I d l d l d T 7:fe Lu.~nse Number 33d Dale Biyn¢d IAtomn. oay yeag y g , a e lme, a e, an p ace, an due to the cause(s) and mannez as slnled_ _ _ _ , _ - _ _ _ .. _ _ _ _ _ _ _ L~ • Nadi IE rte (Coroner ,1 ~1 C~FgS L ~ _ ~ ~-~ f On 11 b I amrnal on and i or nvtsl auon n m o inion death occu red fi rt l l t 11 tl tl d tl l th tl C ~ I/L g . y p , r e. an a a e. • p ace, an ue u e Cause(s) an manner es slaletl 34 Name and Adtlre,s pl Petson 1Ynp Compl .dC tit Dzam (Hen 2]I Type 1 Prior - n> 36 Dalc F e01M-rill ,tlay. )earl , g ~ ~p i r N~ ,~1 I I~ I 1 11 I izjcl-,dial rv1, Macjt~ ~~ lIG ~ Kex 5 l ~ ;.., t ~a ~~,~ c i ,~.~q i~lln I D:sp[,sNOn Pafmil No V ~. , r -3 y ~ ~ Set 1' u~ u4'~wp atone .;i1ne Your Li~ker,'D=a!er:s tior~rfrmatton CITiGROUP GLOBAL IUKTS IFSG. 214 SENATE AVENUE Ac-count Nurnb2r P.O. SOX 8b53 CAMP HILL P.A ';'001 Fags 1 of 2 252ND72, JW23' DIANE L CLINE ADMINS #3,704 ESTATE OF M. ARLENE MCCART}-tY 73 fvAILCtR ROAD DILLSSURG PA 17019-56t 0 I,triiL~rill~~tr:~IlEtl,rlt~l„Il;rt„Illirr,lrtrlrrllrlutll /1 (~ti~ yu4( ~..~ 54U-04294.1-9-182 _~ -~ 5usnmasy~ F~br Setftement'Jzie G9%t t,+'200$ -oral Sales $ 753,2'9.50 Net Amount $ 753,279.90 Creait You Sold 13,895 at a uric= of 31.70420 AT&T ffJC Gross Amount $ 44C,574.86 AVG PRf~E SiiGtVJN-DETAILS LN REG ~ 3 Comrniss.on 2,064.<3 Cther Fee 2 •?':' 1 T~ansection Fey 5.G0 Amount $ 438,45'.56 Settlement ©ate 09rt 1 %204$ Trade D:~te: U9r08t2G08 CUSIP#: DG2D6R-1Q-2 Unsolicited Qrder PRtFER!_~lrlAL RATc t~1ar?ce1: Over-T"le-~OUntBr Securityy# : A04Gi16 Cash Acct. NO'_D PROCEEDS l Symbol: T Rat #: 2591253 lh~'e acted ~s your agent in this tsansaetior+. Ycu Sold 000 at a prig of 34 ti3b7~~ VE~iiZON C01~1~UNIC~ITIGP~S ~ ~ ~' Gross Amount 3 27i,C9'3.517 P.V~3 PRIG~E SNtJVVN-CETA.lLS C3R. F3EQ Co^tmissian i,3?_u,~7 Other Fee ~ .5fi Trarsaciion Fee 5.00 Amount ~ 275,763.2; Settlement Date 09!i i'20Ufi "rode Date: 09/08/2006 GUSiP~: 923?3V-10-4 Unso4icitsd Order PREFE°ENTWL RATE '~~farket: Over-The-Counter Securi;y#t : V417294 Gash ACCt. HQLD PROC~ECS Symbol: VZ Fter #: 2592333 V;e acted as your agent in this transaction. ''ou Sold 1,665 at a price of 23.72200 "" VODAFONE GROUP PLC SPOhdS ADR NEW SEE iNTERNATIONAI_ NOTE BELG`JV Grass Amount $ 39 a2L.€ri `~ Comra~ission 45.5 } tither Fee .2 3 Trsansaction Fee 5.00 A,snvunt $ 39r058.~7 Settlement Date 09/11,'2045 Trade Dave: C9'08/2008 CUStP#: 92657W•2a-9 Market: Over-The-;.ouster Security#: 'J451S49 Symbc;: VGD Unsolicited Order f'REi=ERENTIAL RATE CasP~ P.cct. HCL` PROCE'_JS fRef #: 733E92 V'de acted as your agent in this transaction. ~itigroup G1oba1 Marlcals Inc-, member all princtpal exchanges, and the Securities Investor r~roleetion Corporation (SIPCy. Smith Barney fs a division and service mark of Cltigroup Global Markets Inc. and its afiitla9es mnd is used ants registered throughout the v~orld. Clti! and Citi with Arc Oeslgn are trademarks grid service marks of Citigroup tr,c. and its affiliates, end ors used asui registered throughout the world. a rernlnder, payment ipr ssvu ~t~ as purchased. ur delivery of securities sold, must o° ceposited v~itn us try Settte~~ent .~i2te. 'SEE 'flVerSe tOf 1:7 rth&' '~etai:5. Keep this dCCUr"ef'~t !Of yClU( reCG rds- Tt1 E3nk VDJ tOf dCing ~JU SIr7£SS 1h'rth U5. ]S'Oe!2CG3 3J•Ot S~:a~ 5Bp U~ Ulf ui:4ua viana +/~ma J U'V'J4USb-L Your 8rokerrDealer is C(TIGROUP GLOBAL fUfKTS INC. 214' SENATE AtiENUE P.O. BOX 8853 CAMP HILL PA 17001 Page 1 of 3 Confirrnatian Account Number: ?F~J7, 22 7D7~~ DIANE ~ CLINE ADiv11f~S 61,064 ESTATE OF ~. ARLENE MGCARTHY 73 NAILOR ROAD DILLSBURG PA 17019-381 J I.,, III„, ill.,, r,,Ili,lt,l„I„IL,„~Ilkb„J~„I„II,I,,, / I f 4JG X64! ~.J 54J-04294- f -°-', 82 '~` ~~~~h bar~e~ 4urnmar~~ For Sett!emenl Cafe 091'Oa/2008 Total Saes $ X38,896.33 UetAr,o~:nt $ 438,E96.33 Cred,t You Sold 10,00.0 at a pric© of 31.82000 AT&T INC Gross Amount $ 3i 9,20~J.0~:; AVG PRICE SHOWN-DETAILS ON REQ ~ Commission 1.5'29 ~6 }~" Other Fae 1.7~? Transaction Fee s.a~~ Amount $ 3y 6,663.65 Settlemsni pate 091092008 Trade Date: 09i04r2008 CUSIP~?: 002068-10-2 Unsolicited Order PREFERENTIAL i~ATc Market: Over-The-Counter SeCUrity3~: A040715 Cash Acct. HOLD PROCEEDS Symbol: T Ref#:1784757 We acted as your aoent it this transaction. You Sold 748 at a price of 5.36200 "' ALCATEL-LUCENT ADR ' ~ " Gress A,rnouni S a,0b0.05 SEE INTERNATIONAL NOTE S=L04'U r ' ' Camrnission 's2.92 Other Fee .G3 Transaction =ee 5.00 Amount S 3,852.10 Settterrtent Case Otl;'09.12008 Trade Date: 09rD4,'2008 CUSP#: Q1390~1-3Q-5 Unsellcited Jrdsr PFtEFcREN't"!AL RATE 147arket; Over-The-Counter 5rcurity#: A181298 Cash A^..ct. HOi J PROCEEDS Symbol: ALU Ref #: 788930 We acted as your agent in this transaction. Yeu Sold 3,034 at a price of 21.18000 i~ COMCAST CORP CL A ~ ` cross AmGUni $ 64,260.1 c AVG PRICE SHOWN-DETAILS ON REQ :,ommiss~ort na:i.73 WE ARE A MARKET P.~AKEFI Ctf~er Fee 3C3 T;ansa•oticn Foe S.OC' Amount ~ 63;6?a.03 5ettletnent fJata lHS;t?9t2008 Trade Date: 09/04/2008 CUSIP~: 20030N-10-1 Unsolicited Order PR=FERENTIAt_ RATE Market: Over-The-Counter Securit ~#: C53°5-~8 Cash ,acct. HOLD PROCEEDS Symbo~: Gfv1CSA Ref r: 825975 lhte acted es principal in this transaction. Citigroup Global Markets inc., member all principal exchanges, and ohs Securities Investor PratisctiGn Catporation i59PC}. Smith Barney is a dtvisinn and service markof Citfgroup Global Markets Inc, atld its aftlllates and i5 cased and re:pistered throughout the world. Citi and Cfti wtth An: pesign are iradsrnarks and service marks of Citigrottp tr,c. and Its a'titiatss, er+.d are used and regisfere@ throughout the world. As a reminder, pa•,~merrt for securtties purc~tased, or deHver~ of saairities so'd, rn~fst be deposited with us by Settlamen? 4ate. See reverse for fu `ter details, Keep this dncur^ent for your records. Thank you ?or doing bus~ttess vvl,h t~s. a9c~arzcrrs 5[1-004o•~~-t Seq U13 CJL u/'.4Up mane crime ; „ ~~~ you, p.~+ `"'~`,."'~,.L confirmation .-4 F&gS2oi3 ~-. ~I I If.~! t i.a~~~~~ DIANE L CLINE ADNINS Account tJurrber 5A,1-04294-1-9-t 9S? ESTATE OF M. ARLENE t~4C.CARTHY You Sold 428 at a Frice of 1 s222G IDEARC InG Gress Amount b Eca.3~~ Commission 7C.C~;i Other i=ae -Ct Transaction Fee 5.~0 Arn 4uR$ $ BZ9.2? y} Sett+ernant L>8tG 89'09720'38 Trade irate: 09/04,'2008 CUSP#: 4~t8E3-10-8 Urseiioited Order PRc.FERENT1Al_ RATE Market: Over-The-Counter Secur'sty~: H418881 Cash Acct. HrJLC PfiO%EEJS ~ymbot: lAR Ref #: 792971 We acted as your agent in this transaction. You Said 239 at a N-ice of 6.1922D BSI CORP ~ ~ Gross Amount ,$1,4'9.94 Commission 68.99 Qthar Gee .Ct Transaction Foe `.OJ Arnaunt $1,40 ,.94 Settlement Cate 0!!09!2008 Trade Qat~: C~04l2GC8 CUSP#: 5027 Bt-10-2 Unsolicited Order PREFEREti~TIAL RJaTE Market: Over-The-Counter Securny#: L005375 Cash Acct. HGLC PROCEEdS Symbol; LSI Ref #; 7591372 We acted as your agent in iFtis transaction. You Sold 368 at a price of 2A.95440 NCR COPP tyES~' ~) Gross P,meunt $ 9,w$3.22 ~ 7 ~ Commission 1 i G.22 J Other Fee .06 Transaction Fye 5.GU Amount $ 9,001.54 Settlement Dat@ 09iL5;20ULr Trade Cate: 09104,"2x08 C'JSIP#: 621386E-10-8 Unsolicited rJrtier r'= EFERcIvT{AL MATE f~tarket: rJder-The-Counter Security# : N001018 Cash Aoot. NOLD PROCEEDS ' Symbol: tJCR Rai #: TS84GE lhre acted as your agent in iris transaction you Sold '~ ,J44 at a price pi 3.952CC QWEST COMMtrNICATIONS t'~ i L Gress Amount a 4,125.3? Cornsznission t Gf .rJ4 ~'` Other Fee 03 Transaction =ee S.OC Arnorrnt 5 3,959.132 Settlement Qate 031o9!2C08 Trade Date: 09!04!2003 CUSIF#: 749121-1G-9 Ltnsoiicited GrJer PI~EFERENTiAL RATE Market: Ore--Tne-Counter Security#; Pt324825 Cash Acct. HvLD PROCEEi?S Symbol: G Ret #: 768486 ','Ve acted as your agert in this transaction. Gitigroup GlobEl Atarkets inc., member .ail principal exchanges, and the Securities lrwestor Protection Corpcratiarn (StC~C). Smith Bamsy is a diviston end ~ervioe mark of Citigro~,p Global Markets tnc. and tis attilfades and is +used arx! registered ttrroughcut ine world. Citf find Citi with Arc Design are trademarks and servtse marks o1 Citigcoup ir~c, ar~d its affiliates, and are used and registered ihrouchout the world. P.s a remhids+', payr^errl Fpr securities purchased, or delivery of securities sdd, r^.ust be deb,sited wit? us by Settier~en[ Darr?. Sae reverse for further details. keep i`,is document for your records. Thank y~au for doing business urittl us. a3roa20ae S~ Cn4C3;•L :SG~ ~p OR OS 07 ~~1 ~ Diane C'ina i'' r ~+:5~~ ~~a ~ ~~ "'-~"""3°~` Confirmation Page3of3 ~ S~l~~ b~rn~y DIANEILrl.iNE ADMiNS kccount f~tumber. 54.1-D4294-?-9-182 l ESTAT,c OF M. ARLENE MCCARTHY Yeu Sold 3E8 a' a price of 23.05220 T ERAGATA CORD Gross Amount g~ fi u83.21 ~ ~ ~, ~Y Carnntissian Ottisr Fos 1 &8..39 .rJo Transaction Fee ~.G~~ Amount ~ 6,309.77 Settlement Daie ~3i09t2008 Trade Dale. 09iD~'2008 CUS1P#: 88076W-' 0-3 Unsolicited Order PREfERENT1At_ RRTE f~larke+.: Over-The-Counter Security: Ti7; 169 Cash i-.~t. i-tOLD pROCEED3 Symbol: TCC Ref #: 756599 ~'e acted as youragent in this transaction. Yc~,;~ Sold 922 ai a price o! 34.55200 VERIZC3iJ COMMUNICATIOfVS Gross Amount $ 31,95E.94 1 Cotnmissicn 381.91 I 1 Other f=ee ; 8 Tra~saclie« Fee B.OU AmGUnt ~ 31,469.79 Settir3atent Cate 09~Q912fl06 Trade Date:49!04i2008 Cl,'Sli:'#: 92343V-i0-4 Unsolicited Crdet ?REFERcf~tT!At.'~ATE 1,tarkst: Over-The-Counter Sscu;itY#: l'417254 Cash A.c.t. HOLD Pf30CFED5 Syrnbo,: RiZ Rei ~: 768908 vVe acted as your agent in this transaction. International Eou'r°.y This security is subject fo special ris}:s resulting fron currency convsrtibility ar.d fiuctt~atinns, ~n~certain liquidity, poiiiical factors, rr,a:~~-:e! vaiat,'i~y t;~x ;;araiderations, and oilier specia.! situations atfecting the ulumai3 value and yi>id. Citigraup Giobal Markets Ittc., memDet ail principal eKCitanges, ar:d the Securities Investor protection Corpo-ation {SIPC). Smith Barney is a division and eorvice mark of Citigraup Gk~hal Markots tnc. and its attiliates and h usetl rnd registered throughout me world. Citi and Citi with Arc ®esign are trademarks and service marks of Citigroup inc. and its a'feliates, and are used and regasterud throughout the world. As a rernirrder, pzyrnent Tor securitles purchased, or delivery oisacurltles sgid., must be depcsit2d with us by ueµlsmen! Late. See reverse for further details. K®ep this do~umant for your recn, ds_ ThanK you for doing business rt~iitt us ;am,~, nce .",.~~-^,~cc; ~ ~ n i L/ Jun TJ UC UC2'1p Uiana L!.^a ;>> u,5~ ana~ pa (;omputershare + ~__ `/ ~~~~ ;arrpaters~are Trest Compeny, N~. _/ LLL LLL P ~, B:,z 43070 ~ ~" / Prase}ance. AhDde 1s!ano 024?0-3078 lA?PORTANT TAX RETURN DOCUMENT ENCLOSED ~~'?~~ the :1;. Cznada 8 Puerto Wcc BOG 35' 7[21 Outside the Ui. Canadz 6 Fuerta Picc 757 5?5 x729 D D 0 413 r ww.wmtxrtererare.cc m-`a e s ~ M ARLENE MCCART7IY 6D GLENDALE DR ~ =eE MECHANICSB;lRG PA 17050 i~uii~ue~i~nn(fi,iinlnlli~iliniinuilniinli3~lliir~i HoideAccausdNuraber 01001075256 iND il~~ii~~~!Il~llf~~l~l~~?~~I~~~~li~~~~ll 951iJ71N CedlAled Yee 5ynbol T rm~o:cxm txnm_uwu: ruc;aui nw_=a3„rnwt.mYUa un T&T enc. • Saie Advice ! 2008 Tax Form 1099.6 ' ~ Carree4ad (d checked) Copy B -For Recipient MxouniAkAnber 5001075295 Form 1099-8 - Proeeeds from Brolasr and Baater Exchange Transactions 2408 Racwem~s ID ro. _ zozzu3eoe - .. Rsyrls fodera110 No. 43de1213d Thh banpertul YCMortmtlon eixhhrhehmilelydhfN M1ele:nU Nnrrew EaMOa lfreu srt rqund to Alrneman,r rwaiZence - OMB Nn - - 1545-07'15 penaky woNx emetlontneyytrnpwrd nn}au MUti lnoomr htuaa6k rndW atB deemineeWrtttna not aern ncpetvd. . Orn i RTHY - ~ N . rowmmtNU sun-rrrmi&n.c ewa . NeclPknf CI4[£ D 80 GLEN ' b1[CHANtCSBURGPA17050 u Date of gale to ~ . .: _. Gross Proceeds al Erx;hartge CUSIP Na Bonds, ~, (S) Reported re IRS I Payers Dela;ls ~ 77.i1m 2006 OD208R102 - 28.2E 'res Cp4l°'JT'eRSFIARE ~iAREHO'_DER SERVIDES ItIG FEDEAAI WGONE '~ PO e0X43Di0 . ~ TAxVdITNH~ltlj5l Deacnpben ~ Narfre of isuer Trarseriian - '~ PROPIDFNCE RI. - . .. - _ _ .. ... _,_ . _ . _ 0293113JiD ._ ._..::0.03 <. ,._ ATdTItiO::. ~ _, ~....: ~ Sah•$Pi -_ . .. NDTe:w~ufertfiamwa'~aart[he emounlm Bast Grn 1RS.Tfa dlfeemw4ufweer, lhegmnepacende amoumin 0oi2xm ihB netomsaedi I yw rn~wa erpnena any Wee, ~araeA, of M'bAWding Nws pu mnytp.e prd . =' , _ - _. _~I ~~~'^ ' ~y'~ (M,eep fa your records) Summary Class Description: DBPP • COMMON S70CK Trade Date TronsacHonDescription 8haraslUnhs PrirsPeri GrossAmounl Deduction' DeduaEon i Nat Amount ~ Bold I SitarelUnlt (b) I of Sales (i) Amount: {5} ~ type ; of gale ($} 17 Jtm 2eD8 Sale 0.783399 J8.034100 28.23 DA3 Transarlen Fee 28.15 CompulashareTnrstCompany, N.A., as agent, I.~pnn Wrlhen.'eCUes; v~fl prrnnde the name a the ezecuBag brdcer dears?asscaa!ec wdh the xansac0en(sj, and widl;n a rezscnable amwnt d lime will tliscbee 11re rDUi:e antl arrotxd N compenaeAon received fom ih(rd 9rrMa in comaclon wt~ tl1e transatdion(sy, it eny. 7 1 U T X A T T eeN%Ze UWTS lD1CDie:JB dt&t Sank of America ee•v7e ~-~.~ Atianta,DekalbCourlty,Geo~~gia et1 pq AA~URTAtJiTI1X` ..3~ M({OCU(JIEIYTrICTTIIC~{kE!' YL1JA'iER6MaNMs Pay fD N Afd.ENE UCCARTHY Chect Wumber. 00;0089145 60 G:ENDALE DR MECHANlCS9UPG PA 11?50 20 Jun 2008 AuIMr Paylnp~~//"Yk"/Jt $""?8.15*~. The sum at S""'TWENTV EIGF!T DOU-ARS AWD FIFTEEN CENTS "" 0vi'P"~'"` Caunptmrnhrrq hx. ' -. r ~ ; 250Rayall5 Caruan,MA02011 u~rcels!o>ahlFisi e'ODUtJ099145tr =:061Li27~8r: 329 9i2 342ii1r U lease Note: Your Sale Proceeds Check is Attached `~ BNY MELLON -_ SHAREOWNER SERVICES ~. ~. ~~ ;HAREHOLDER OF ~ DESCRIPTION FAIRPOINT COMMUNICATIONS, INC. ~ SHARES SOLD _ VVES7t~R /D CUSIP ACCOUNT KEY CHECK NUMBER CHECK DATE CHECK AMOUNT 125226481232 OD145030556010 MCCARTHY-M--A0000 6837137 09/26/2008 $1,314.46 ~HARESlUNITS SOLD PRICE PER SHARE ($) TRADING FEES PAID BY SERVICE FEES PAID BY 154.8769 8.5517000 I 3ROSS PROCEEDS TAX WITHHELD COMPANY SHAREHOLDER COMPANY SHAREHOLDER $1,324.46 $0.00 $0.00 $10.84 $0.00 $10.00 _ lET PROCEEDS SHARES HELD BY PLAN i $1,314.46 0.0000 PLEASE DETACH BELOW CHECK NUMBER: 6837137 i y ~ ~~ /~ _ _ ~, ver~Ln 000214 DIANE L CLINE ADM EST M ARLENE MCCARTHY 845 SIR THOMAS CRT STE 12 HARRISBURG PA 17109 I~111111r111rrIIII11111L1rIr1111Jlrlrrlrrllrrlrllrrllllllrrl ~,omputershare Computershare Trust Company, N.A. PO Box 43078 Providence, RI 02940-3078 Within thie US, Canada b Puerto Rico 800 631 2355 Outside thie US, Canada ~ Puerto Rico 781 575 3994 uvvvw. computershare.com/verizon Holder Account Number 0;0012964111 FID i~~ii~i~ifluiAiiuuiiiii~e~ii~iiii~ W ]CS0007.DOMEQSCQ.CIS.81832_228C>!000214/000214li Verizon Communications lnc. -Sale Advice - Class Description: DSPP -COMMON STOCK Trade Transaction Description Shares/Units Price Per I Gross Amount Deduction Deduction Net Amount DatelTime Sold SharelUnit ($} of Sales ($) Amount ($) Type of Sale ($) 09/08/2008 14:02 Sale 0.418660 34.601263 14.49 10.03 Transaction Fee 4.46 Computershare Trust Company, N.A., as agent, upon written request, will provide the name of the executing broker dealer associated with the transaction(s), and within a reasonable amount of time will disclose the source and amount of compensation received from third parties in connection with the transaction(s), if any. 23UDC V Z N 001 CD70002 OOJISA PLEASE CASFUDEPOSIT THIS CHECK PROMPTLY ~~~ ~^~~ ~~ z yep N uts v~a~~a mane v'~Ine r ~; 4x ~64~ p.~ Please ~lo4e: Your Saie Proceeds Check is l~ttached ~~. BIvTY MELLON SHr',REC}WNER SER~J'CES al ~4 Jog ~~>~~yd !n fs#~~ .rnana~e your accouaf voistli `ea"se's Login r~ investor ~erviceDirect~Y ~~ e+vww bnyrnellon.comishaca'owr~~r03so1 ;~~cess >vra~G a~cauni sni4rm~Irari , ' : I ~-i' , P~~#o~rr~ n3~{hp~~ t~~ks ~ ~ si~girs ~ess~~~r CF~~ng6 yoz~~ ad~f~s~ o~~*'sfy v~r:~~~l~~' 4G o~~rn rrt<`p.n'3"IatEOn t~ c[t~-g~ :~~ tx~+tr~AT-c~ ~e~rs''~ia~; ~~„_ RE'iA1N FOR YOURDS {~ .~ , , ; ,. ...:: T~RAa'SRG'i ate I~~~'A~i. r.._..~ - __~ SHgREHCiLDrROF DES:RfP71DP. `~ODAF'ONE Gf~OUP PLC _ _ _ 5HARE5 SOLD -~ 1NVE3TOR/A rll_? :~CCnL'tJTKEY C.WEG'.NUtv43eR CF{=^KpST= C-1c^KAF:~C~Lt~' 575709215500 ` CG1451yi85T~/20 hACCARTHV -M-~PAaDS~ fi8267~s? J9~1t2D.E $2: .8? ~ SHRFiES~UN175 SOLD PRIDE ?ER S-IAP.E ^3) _ _. TRAD(N3 FEES PAID E1' _ _ _ SER'tIGE FEES PPIC 0'' 0.3580 :,~,a~~caoao ~ GR0.'io PRCCEED3 -AX'dJ~'•~HHeLO _ _ GOta~RAhY ;FS~:r{cHOl,0Ei2 COV~P.4MY SNAF: ~Ci ^~ $2?.82 SC,00 ~~J.'7U ~ SG.10 3O:~C b0.00 -_- ~ NET P40GEEC5 SHARES HE'D SV Pi?.N . ~^ --- - ` SCz.OL o.oDOO f - - - -- -- - - - PLEASE DETACH BELOtiV - -- -- - ----CYECK'+1L1;ti79Ek: 5523;:,£ - ^ ~u a cG-1fib C;HE..^K DATE CHECK NU~ABER a3~ V(aDAFONE GROUP PLC 05l15,'2Q08 602672 a7 BOX 3S80i s P9T7S9 VRGH P; T~252. 904 79CSD19 0~ .iP DA20'BNGLP < ~ 6' 85 ^.70,55 COMDOOC0~0^. PAY TO THE ORQE12oF: M ARLENE MCCARTHY MARYh1AC FARMS RO 4 BOX 60 GLENDAI.E DRIVE iJ1ECHANICSSURa PA 77055 II'068 26'i' SB~I^ ~:lJ ~, 3 30 L 50 Lr: 0 i L^`~DO ~,O~r PAC'ABLEAI' THEBr'~hJKOFPJEIN\':~k!CVELLOid IN U.S. DOLLARS PAY".:.<,«..,,,.....522. B2 ; i~ ~'n`2---___ AUTH~ORI7~D SI:,INATUFiE F~~ ~~.~ ~; S THE CHECK BELOW REPRESENTS A DIVIDEND PAYMENT QWEST COMMUNICATIONS INTERNATIONAL INC. To inquire about your account, contact BNY Mellon Shareowner Services Toll Free Nurnber 877-268-2263 Outside the U. S. (Collect) 201-680-6578 Hearing Impaired 800-231-5469 Would you like your. ,.. <. .:. _,. ~'LVCI~eI~Zd Ptryl?Zet2t D~pO5tfed Into your bank account iJZStead of r~c~eii~rng decks by mail`? Simply enroll in our self-service program by using i:he option below. Login ~~ Investor ServiceDirect~ ~,r www.bnvmellon.com/shareowner/isd Have one of your checks handy. You will need to refer to the bank information printed across the bottom of your check. ~~ ----------------------------------------------------------------------------------------------------------------------------------------- RETAIN FOR YOUR RECORDS SHAREHOLDER OF TRANSACTION DESCRIPTION QWEST COMMUNICATIONS INTERNATIONAL INC. DIVIDEND INVESTOR !D CUSIP ACCOUNT KEY ISSUE/CLASS OF STOCK RECORD DATE PAYABLE DATE 125226481232 001 450 74912110 MCCARTHY-M--A0000 COMMON STOCK 08108/2D08 08Y29/2D08 RATE PER SHARE CERTIFICATED SHARES BOOK-ENTRY SHARES GROSS AMOUNT TAX WITHHELD CURRENT DIVIDEND $0.0800000 0 1,044.000D $83.52 $0.00 $83.52 DIVIDEND PAID YEAR TO DATE TAX WITHHELD YEAR TO DATE TAX fDENTIFICATION NUMBER $83.52 $0.00 ON FILE please detach and retain this form for OUf feCCfdS. Y PLEASE DETACH BELOW CHECK NUMBER: 76580088 ~/~~ C Sc~'~lL.~ BELCO Community Credit Union geeing you there MAIN OFFICE: 449 Eisenhower Bbd. Harrisburg, PA 1711 1 STATEMENT OF ACCOUNT Page 1 ~fita°_n_ge' is easy with. a Home' ~~'Equi#y -_Lzne` of _Credit''~~Rates 'start ~at_ 5;QDia !APf2~ Fast :, ..apFr'oyal and ~io~''fee,s• ARAB-Y v ~l 'n Q ~~'~ ~ t ` a~a ~r~ ,~Z~r a ~o h ~~- 205 1 AV 0.324 JOINT OWNERS X XXX80 (nr~~~ ur~~~nuu~~~r~n~n~n~~nur~~~~nr~nr~n~~r~rrr~~ SOC IAL SECURITY ~ T HE M. ARLENE MCCARTHY LIVING T D IANE L. CLINE TRUSTEE STA TEMENT PERI OD 7 3 NAILOR RD From To D ILLSBURG PA 17019 1 0 40 108 0630 08 x~H3t+p? ~ ~F~~~ ~ ~ ~~ ~. ,/ .-a' ~ ~'-vy~' H. ~'•: e - _ ~ } k ~ ~- ~l' Y plc - ~`~ .. ..~ S ' I llQlw4i1 ~" ~ , ~ ~ T p x "' _ ~ ~~ - ~ EINES •. HAtAN CE . -ur = - , :.,cx .s• 5.. ~ - .f ~ 8^ ~. as ,- '. -... - _ N 0401 PREVIOUS BALANCE ~ = SAVINGS 9b850 08 0403 * PREAUTHORIZED AUTO TRANSF -57 00 96278 08 0430 DIVIDEND 67 11 96345 19 THE ANNUAL PERCENTAGE RATE IS 0.85 THE ANNUAL PERCENTAGE YIELD IS 1.00 THE ANNUAL PERCENTAGE YIELD EARNED IS 0. 85 0503 PREAUTHORIZED AUTO TRANSF -57 00 95773 19 0515 TRANSFER WITHIN SAME ACCO 9337 11 0 0515 DIVIDEND 31 17 189179 47 THE ANNUAL PERCENTAGE RATE IS 0.85 THE ANNUAL PERCENTAGE YIELD IS 1.00 THE ANNUAL PERCENTAGE YIELD EARNED IS 0. 85 0515 CLOSE ACCOUNT WITHDRAWAL -].89179 47 00 0630 NEW BALANCE CLOSED: 051508 00 0401 PREVIOUS BALANCE S6 _ MONEY MARKET 92041 49 0403 * PREAUTHORIZED AUTO TRANSF 57 00 92613 49 0430 DIVIDEND 129 00 92742 49 THE ANNUAL PERCENTAGE RATE IS 1.70 THE ANNUAL PERCENTAGE YIELD IS 1.71 THE ANNUAL PERCENTAGE YIELD EARNED IS 1. 71 `-~ 0503 PREAUTHORIZED AUTO TRANSF 57 00 93314 49, 0 515_ __ __ DIVIDEND _ __ _ THE __ _ ANNUAL PERCENTAGE RATE IS 1.70 _ _ _ THE ANNUAL PERCENTAGE YIELD IS 1.71 THE ANNUAL PERCENTAGE YIELD EARNED IS 1. 71 0515 TRANSFER WITHIN SAME ACCO --9337 11 00 0630 NEW BALANCE CLOSED: 051508 00 TOTAL DIVIDEND YEAR-TO-DATE TOTAL FlNANCI: CHARGE YEAR-TO-DATE for all savings except IRA. 6 8 7 . 5 9 for all loans 0 . 0 0 . Dividends shown, if 510 or over, wgl be "'~~" reported to tfie Internal Revenue Service for this calendar year. NOTICE: Sea reverse side for important information . -•-•------ --------~- ---- C-~ :.!-~.~, ,: ,' ."" ~ .~ ,F ~ 0600205 oM~~ 499 Mitchell Road. Millsboro, D[. 19966 Mail Code DF-MB-13 Jan L. Brown & Associates Attorneys And Counselors At Law Olde English Gap 845 Sir Thomas Court Suite 12 Harrisburg, Pennsylvania 17109 Re: Estate of M. Arlene 11~1cCarthy Social Security: 202-20-3868 Date of Death: Mary 09 2008 Dear Sir or Madam: Per your inquiry dated January 8, ?009, please be advised that at the time of death, the above-Warned decedent had on deposit with this bank the following: 1. TvpeofAccount Checking Account Account Number X8539727 Ownership (Names o~J Calvin D McCarthy, Jornt Owner* Phone(888j503-4349 Faz (303)934-2955 ~~~ ~ ~ ~~~~ January 15, 2009 MArlene McCarthy, Joint Owner* Opening Date 8/28/64 Closed 6/19/08 Balance on Date of Death $ 91,900.15 Accrued Interest $ 0?5 Total $ 91, 900.40 2. Type ofAccount Certificate of Deposit Account Number 31003915257066 Ownership (Names o~ Calvin D McCarthy, Joint Owner* MArlene McCarthy, Joint Owner* Opening Date 8/8/05 Closed S/I x/08 Balance on Date ofDeath $ 3,330.99 Accrzred Interest $ 168.31 Total $ 3,499.30 ~~: M. ARLENE McCARTHY 60 Glendale Drive Mecllanicsbur~, PA 17050 M&T Bank 5528 Carlisle Pike Mechanicsburg, PA 17050 March 31, 2008 Re: Account Transfer -Change of Name of Accounts for M. ARLENE McCARTHY SSN 202-20-3868 Dear Customer Service Representative: ~~ (~--~_~ =----J This letter is to request a name change of AI,L accounts held in my name to the name of my Living Trust: Current Name of Accounts Type of Account M. ARLENE McCARTHY ALL accounts Please change the name of all accounts to: M. ARLENE McCARTHY, by and through her Agent, DIANE L. CLINE, Trustee or her successor in trust, under the M. ARLENE McCARTHY Living Trust Dated March 20, 2008 and any amendments thereto. If you have any questions or require any further information, you have our consent to speak with our attorney, Jacqueline A. Kelly, regarding the above account at (717) 541-5550. Please notify me in writing at the above address when you have completed the changes. Thank you for your assistance. Sincerely, DIANE L. CLINE, Agent for M. ARLENE McCARTHY cc: Jacqueline A. Kelly, Esq. S~~v~`=t ~ ~~ ~~ DC?N PAUL SHEARER ASSOCIATES Fteg! E,r+rste Advlaors & ApprA/sere NU. Bou 7 t 7 CutupHlll, PA t?c?Ot-C7t7 (7 { 7) ?31-b8tl0 Far. (717) 731-1191 E-Msi; don~dys pa.corn wrtw,COS•~+a.com February 4, 2009 Estate of M. Arlene McCarthy Go Diane L, Cline Adrnln?strator ow' Estate Trustee of M. Arlene McCarthy t.iving Trust 73 Nailor Drive Oilisburg, PA 17019 f?e Property at ~Q Glendale Drive (91.45 acres & Improvemen±s) Silver Spring Township Cumberland County, PA Dear Diane' Pursuant to your requ~sst, !have reviewed my ariflinal appraisal report for the abcve-described property that I appraised for you and the Estate of M. Arlene McCarthy in a report dated October 21, 200 with en effective da±e of May 9, 2008 and herewith submit my opinion as to the current market value of the property. Based en the assumption that nothing has changed ad the property or tfSe site and, after analy~rng my original appraisal and currant market data; it is my opinion that there is no evidence of any changs In khs subject market to affect my opinion of value that was developed in my original report. Tnerefare, it is my opinion that, based on my original appraisal and imy updated market analysis far this assignment, the property has a current market value of $1,150,000. It you have any questions, please call ore-mail me at your convenience. Respectfully Submitted, i7GN PAUI. SHEARER Real Estate Adwsor, Analyst, ~ Appraiser Jaa, Certified Generaf Appraiser (GA-422-L} Associate Member,. The Appradsal Institute i ni t n ~~ r n i ~ l.~? ~ r. ~ ~t~r~ x~ ~ Na~~!aN~~n~~arunn ~~;a ~~ : ran nN.l nnn~-gin-~a a Appraisal Report Summary Appraisal Report 91.45 Acres & Improvements 60 Glendale Drive Silver Spring Township Cumberland County, PA Prepared for Estate of M. Arlene McCarthy c/o Diane L. Cline Administrator of Estate and Trustee of M. Arlene McCarthy Living Trust 73 Nailor Drive Dillsburg, PA 17019 Prepared by Don Paul Shearer Real Estate Advisor, Analyst, 8~ Appraiser Pa. Certified General Appraiser (GA-422-L) P.O. Box 717 Camp Hill, PA 17001-0717 As of May 9, 2008 DON PAUL SHEARER ASSOCIATES Real Estate Advisors & Appraisers P.O. Box 717 Camp Hill, PA 17001-0717 (717)731-8800 (800) 936-6007 Fax (717) 731-1191 E-Mail: don@dps-pa.com www. dps-pa. com October 21, 2008 Diane L. Cline 73 Nailor Drive Dillsburg, PA 17019 Re: 91.45 Acres 8 Improvements 60 Glendale Drive Silver Spring Township Cumberland County, PA Dear Diane: Pursuant to your request, I have completed the necessary inspection, research, and analysis to appraise the above-referenced property. The attached report provides essential data and detailed reasoning employed in developing my final opinion of value The purpose of this report is to develop an opinion of the current market value of the fee simple interest in the property as of May 9, 2008, the effective date of the appraisal. The intended use of the report is to assist you as the Administrator of the Estate of M. Arlene McCarthy and Trustee of the M. Arlene McCarthy Living Trust. The analyses, opinions, and conclusions contained herein are communicated and report in the attached Summary Appraisal Report, and has been developed and prepared in conformity to the Uniform Standards of Professional Appraisal Practice and the Code of Ethics and Professional Standards of the Appraisal Institute of which I am a General Associate Member. This value reported is qualified by certain assumptions, definitions, limiting conditions, and certifications, which are set forth within the attached report. This transmittal letter is invalid as an opinion of value if detached from the accompanying report which contains the written text, exhibits and an Addenda. Based on my analysis, it is my opinion that the market value of the subject property, as set forth, documented, and qualified in the attached report, under conditions prevailing on May 9, 2008, was One Million One Hundred And Fifty Thousand Dollars ($1,150,000) Respectfully Submitted, DON PAUL SHEARER, CCRA, CRPA Real Estate Analyst, Appraiser & Advisor Pa. State Certified General Appraiser (GA-422-L) General Associate Member, The Appraisal Institute Preface An appraisal of value is based on analysis and research of applicable and pertinent data that is coordinated into the appraisal process resulting in an opinion and final estimate of value of the given subject property being appraised. The appraiser's education, experience, integrity and training are all utilized in the appraisal process and the final conclusions of an appraisal. The processional real estate appraiser is expected to be knowledgeable, independent, and unbiased in preparation of an appraisal of value. The appraiser should never be an advocate but is instead impartial. An appraisal of value cannot be guaranteed or proven. lnste~ad, it is an opinion which can be substantiated and justified. The final estimate of value in an appraisal is a result of a professional analysis and consideration of various quantities of physical, economic and general facts which, when utilized in the various approaches to value, result in respective indications of value which are then correlated and reconciled into a final estimate of value. An appraisal is therefore never absolute but the conclusions and reasoning should bath be supported by the data used to arrive at the final estimate of value and be consistent with the data supporting the conclusions and estimate of value. This report is prepared with the reader of the report in mind. It is intended to be concise, clear and consistent in its content and which hopefully flow into a pattern of understanding by the reader and follows a pattern that is based on the available and pertinent data gathered for the report. Because properties like people are unique and individual in nature and because real estate has a fixed location and situs, it is an unusual commodity and there are few if any that are exactly alike. Thus, comparisons used in this report may or may not be truly comparable but are used to at least be reasonably similar. I invite the reader to review this report which contains the analysis, data and reasoning that is the basis of and which leads to the final estimate of value of the subject property being appraised herein. Don Paul Shearer Real Estate Appraiser & Advisor State Certified General Appraiser (Pa. GA-422-Lj Associate Member, Tlhe Appraisal Institute Appraisal of Real Estate An appraisal of real estate, as defined in the Uniform Standards of Professional Appraisal Practice (USPAP), is the act or process of developing an opinion of value. The dictionary defines opinion as 1. A belief held with confidence but not substantiated by positive knowledge. 2. A conclusion based on special knowledge. 3. A judgment of the value of a person or thing. Standard 1 of USPAP provides that in developing a real property appraisal, an appraiser must identify the problem to be solved, determine. the scope of work necessary to solve the problem, and correctly complete research and analyses to produce a credible appraisal. The Appraisal Standards Board (ASB) of the Appraisal Foundation, which is authorized by the United States Congress as the Source of Appraisal Standards and Appraiser Qualifications, in the 2006 edition of USPAP, borrowed the definition of credible from Black's Law Dictionary which is, simply, worthy of belief. It is often said that the appraisal of real estate is an art, not a science and this definition of credible now in USPAP assists appraisers, clients, and intended users of appraisal reports in understanding what an appraisal of real estate is, simply an opinion of value that is credible as being "worthy of belief." Therefore, development of an appraisal of real estate involves a valuation process that results in the development of a credible and supportable opinion of value of a specific property as of a specific date in time. Said process evolves around the scope of work that includes the research and analyses that are necessary to deve{op credible assignment results in the development of a real estate appraisal pursuant to the requirements of USPAP. All elements of an appraisal should be supported to some reasonable degree although often an appraiser's final analyses, opinions, and conclusions must be subjective in nature due to the lack of adequate market data to support all of the appraiser's analyses, opinions, and conclusions. Most often, real estate appraisers are engaged to deve{op an opinion of market value of a property as of a specific date and can include either a current market value, the most common type, or a retrospective or prospective market value of a property. There are a number of definitions of market value although all conclude that an opinion of value that is developed by a real estate appraiser today is simply an opinion of what a property would have sold for as of the effective date or what it will likely sell for as of a prospective date. Therefore, market value today, in essence, is an opinion of the most probable price that a property should bring in an open competitive market with adequate exposure to said market and subject to specific conditions. a' s~ ~,_,; - ~ ~ C~~ f1 ~~~ lp~.e t~°,1 ... Certification I certify that, to the best of my knowledge and belief: • the statements of fact contained in this report are true and correct. • the reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal, impartial and unbiased professional analyses, opinions, and conclusions. • I have no present or prospective interest in the property that is the subject of this report and no personal interest with the respect to the parties involved. • I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. • my engagement in this assignment was not contingent upon developing or reporting predetermined results. • my compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result or the occurrence of a subsequent event directly related to the intended use of this appraisal. • my analyses, opinions and conclusions were developed and this report has been prepared in conformity with the Uniform Standards of Professional Appraisal Practice. • I have made a personal inspection of the property that is the subject of this report. • no one provided significant professional assistance to the person signing this report. • the reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional Practice of the Appraisal Institute of which I am an Associate Member. • the use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. As of the date of this report, I have completed all requirements of continuing education as required by the Pennsylvania State Board of Certified Real Property Appr,sisers for state certified general appraisers. DON PAUL SHEARER Real Estate Appraiser, Analyst and Advisor Pa. State Certified Appraiser (GA-422-L) General Associate Member, The Appraisal Institute Summary of Important Conclusions Identification of Property 60 Glendale Drive, Silver Spring Township, Cumberland County, PA Tax Parcel 38-05-0435-018 Deed Book/Page Instrument Number 20080-8569 Purpose of the Appraisal To develop a credible opinion of the current market value of the subject property as of the effective date herein. Client Estate of M. Arlene McCarthy Intended use To assist in the administration of the Estate of M. Arlene McCarthy and of the Living Trust of said M. Arlene McCarthy. Intended user(s) The Administrator of the Estate of M. Arlene McCarthy and the Trustee of the M. Arlene McCarthy Living Trust and governmental agencies relative to the administration of the estate and Living Trust of M. Arlene McCarthy. Extraordinary assumptions None Hypothetical conditions None Type of value Current market value as defined herein Site 91.45 acres Improvements Detached 2 % -story farm house containing 2,276 square feet of gross building area above grade and various outbuildings. Property rights appraised Fee simple Effective date of appraisal May 9, 2008, date of death of decedent M. Arlene McCarthy Date of Inspection July 24, 2008 Date of report October 21, 2008 Utilities On-site water, on-site sewer, electric, telephone Zoning Rural Residential Indicated Value by Cost Approach to Value Considered but not developecl as described herein Indicated Value by Sales Comparison Approach $1,150,000 2 Indicated Value by Income Capitalization Approach Final Opinion of Value Adverse Conditions Special Assumptions Personal property included Pending improvements Estimated Exposure Time Considered but not developed as described herein $1,150,000 None None None None evident and none known Three months to one year Part Two -Premises of the Appraisal All analyses and conclusions in this appraisal are based on the fallowing Assumptions and Limiting Conditions, Definitions and Concepts, and Identification of the Subject Property. Recognizing the premises of the appraisal is vital to this appraisal assignment and to the analyses and conclusions that evolve out of these premises. Type of Appraisal The analyses, opinions, and conclusions of this assignment are presented and communicated herein as a Summary Appraisal Report as defined in the Uniform Standards of Professional Appraisal Practice (USPAP). There are three acceptable types of appraisal reports, as provided in USPAP, that may be prepared and transmitted to the client and they include the Self-Contained ~lppraisal Report; the Summary Appraisal Report; and the Restricted Appraisal Report. Describe is the distinguishing term related to a Self-Contained Report while Summarize is the distinguishing term related to a Summary Appraisal Report. A Self-Contained Appraisal Report utilizes the maximum of comprehensive detail and the essential difference between the Self-Contained Appraisal Report and the Summary Appraisal Report is the level of detail of presentation. This is a Summary Appraisal Report as defined in USPAP which involves a comprehensive level of detail in the presentation of the information developed in this Appraisal. Standard 1 of USPAP governs the development of a real property and requires an appraiser to be aware of, understand and correctly employ those recognized methods and techniques that are necessary to produce a credible appraisal. Standard 2 of USPAP governs the reporting of results of a real property appraisal that is developed under Standard 1 of USPAP. The Uniform Standards of Professional Appraisal Practice requires that a certified and professional real estate appraiser conform to the ethics and standards of practices as promulgated in them by the Appraisal Standards Board of the Appraisal Foundation. The State Board of Certified Real Estate Appraisers requires that all certified appraisers. in the Commonwealth of Pennsylvania perform all appraisal assignments and prepare a-I appraisal reports in conformity with the Uniform Standards of Professional Appraisal Practice. All data used and reported herein in this appraisal is available in full detail in the files of this appraiser if not fully disclosed and described in this report and the client herein or any other reader is invited to request any additional data, description or explanation from this appraiser to further provide a full understanding of this appraisal assignment, the data used and reported herein and the conclusions reported along with the final estimate(s) of value for the subject property herein. Extraordinary Assumptions or Hypothetical Conditions There are no extraordinary assumptions or hypothetical conditions associated with this appraisal report 4 General Assumptions This appraisal report has been developed and prepared with the following general assumptions and I limiting conditions. 1. No responsibility is assumed for the legal description provided or for matters of a legal nature or title considerations. Title to the property is assumed to be good and marketable unless otherwise stated in this report. 2. The property is appraised as being free and clear of any liens or encumbrances unless otherwise provided for, described, and stated in this report. 3. Responsible ownership and competent property management are assumed. 4. The information furnished and provided to this appraiser by others are believed and presumed to be correct and reliable but no warranty is given for its accuracy. 5. Any engineering studies or surveys mentioned or relied upon in this appraisal are assumed to be correct and reliable. Any plot plans and other illustrative material is this report are included only to help the reader visualize the subject property. 6. It is assumed that there are no hidden or unapparent conditions of the property, subsoil, or structures that render it more or less valuable. No responsibility is assumed for such conditions or for obtaining the engineering studies that may be required to discover them. 7. It is assumed that the property is in full compliance with all applicable federal, state and local environmental regulations and laws unless the lack of compliance is stated, described, and considered in this report. 8. It is assumed that the property conforms to all applicable zoning and use regulations and restrictions unless a nonconformity has been identified, described and considered in this report. 9. It is assumed that all required licenses, certificates of occupancy, consents, and any other legislative or administrative authority from any county, local, state, or federal government or private entity or organization have been or The property is appraised as being free and clear of any liens or encumbrances unless otherwise provided for, described, and stated in this report. 10. It is assumed that the use of the land and improvements is confined within the property lines and boundaries of the property described herein and that there is no encroachment or trespass unless noted in this report. 11. Unless otherwise stated in this report, the existence of hazardous materials, which may or may not be present on the property, was not observed by this appraiser. This appraiser has no knowledge of the existence of such materials on or in such property. Your appraiser, however, is not qualified to detect such substances. The presence of substances such as asbestos, ground contamination, lead, mold, urea-formaldehyde foam insulation, and other potentially hazardous materials may affect the marketability and value of the property. My opinion of value herein is predicated on the assumption that there is no such material on, in or near the property that would cause a loss in value or marketability. No responsibility is assumed for such conditions or for any expertise or engineering knowledge required to discover them. The intended user is urged to retain an expert in this field if desired or deemed necessary. General Limiting Conditions 1. Any opinions of value developed and communicated in this report apply to the entire property, and any proration or division of the total fractional interests will invalidate the value estimate unless such proration or division of interests has been set forth clearly in this report. 2. Any allocation of any opinions of value between land and improvements applies only under the stated program of use. Any separate opinions of value allocated to the subject land and the subject improvements must not be used in conjunction with any other appraisal and are invalid if so used. 3. Possession of the original or a copy of this report does not carry with it the right of publication or reproduction, nor may an original or a copy of the report be' used for any purpose whatsoever by anyone except the client without the previous written consent of the appraiser and the client. Out-of context quoting from and partial reprinting of this appraisal report are expressly prohibited. The omission or change of any part of this appraisal report without my written authorization invalidates the entire appraisal. 4. This appraiser, by reason of this appraisal, is not required to give or provide further consultation or testimony or to be in attendance in court with reference to the property appraised herein or this appraisal report unless arrangements have been previously made with this appraiser. 5. Neither all nor any part of the contents of this report (especially any conclusions as to value, the identify of the appraiser or his firm) shall be disseminated to the public through advertising, public relations, news, sales or other media without the prior express written consent and approval of this appraiser. 6. The Americans with Disabilities Act (ADA) became effective January 26, 1992. I have not made a specific compliance survey or analysis of the property to determine whether or not it is in conformity with the various detailed requirements of ADA. It is possible that a compliance survey of the property and a detailed analysis of the requirements of the ADA would reveal that the property is not in compliance with one or more of the requirements of the act. If so, this fact could have a negative impact upon the value of the property. Since this appraiser has no direct evidence relating to this issue, possible noncompliance with the requirements of ADA was not considered in developing an opinion of the value of the property herein. 7. Any future survey that would prove the legal description contained and used in this appraisal to be inaccurate, might make it necessary for this appraisal to tie reviewed and amended. 8. Any forecasts, projections, or operating statements contained herein are based on current market conditions, anticipated short-term demand and supply factors, and a continued stable economy. Therefore, any such forecasts are, therefore, subject to changes with future conditions. 9. Acceptance and/or use of this appraisal report by the client, any third party or unintended user constitutes acceptance of these stated Assumptions and Limiting Conditions. My liability extends only to the stated client, not to subsequent parties or users of the report. An appraisal assignment may call for any of the following: • An opinion of current value • An opinion of retrospective value • An opinion of prospective value As described herein, this report communicates an opinion of current market value as developed by your appraiser for this assignment and as communicated and reported herein based on the hypothetical condition as described herein. Purpose of the Appraisal The purpose of the appraisal in this assignment is to develop a credible opinion of the current market value of the subject property as of the effective date herein. Identification of Client The client in this assignment is the Estate of M. Arlene McCarthy Intended Use of the Appraisal The intended use of this appraisal is to assist in the administration of the estate and a trust of M. Arlene McCarthy who died on May 9, 2008, the effective date of this appraisal. Intended User(s) The intended users of this appraisal report is the client herein and any government agencies relative to the administration of the estate and trust of M. Arlene McCarthy, the client herein. There are no other intended users and any other users of or anyone, other than said client who relies on this report are unintended users. Type and Definition of Value and the Source of Defintion This appraisal is of the current market value of the subject property as of the effective date herein. Market value, as defined by the Appraisal Institute in its 12'h Edition of The Appraisal of Real Estate, and as used in this appraisal, is "The most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms, for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self-interest, and assuming that neither is under undue duress." Implicit in this definition of market value is the consummation of 2~ sale as a specified date and the passing of title from seller to buyer under conditions whereby: 1. Buyer and seller are typically motivated; 2. Both parties are well informed or well advised and each aching in what he considers to be his own best interest; 3. A reasonable amount of time is allowed for exposure in the open market; 4. Payment is made in terms of cash in United States dollars or in terms of financial arrangements comparable thereto; and 5. The price represents a normal consideration for property solid unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. Subject to Paragraph 3 of this definition of Market Value, the value estimate herein presumes that "a reasonable time is allowed for exposure in the open market." Statement on Appraisal Standards No. 6 of the Uniform Standards of Professional Appraisal Practice defines exposure time as the estimated length of time that the property interest being appraised would have to be offered on the open market prior to the hypothetical consummation of a sale at the market value on the effective date of the appraisal; a retrospective opinion based upon an analysis of past events assuming a competitive and open market. Exposure time is always presumed to precede the effective date o~f the appraisal and is different for various types of real estate and under various market conditions. It is noted that the overall concept of reasonable exposure encompasses not only adequate, sufficient and reasonable time but also adequate, sufficient and reasonable effort. This statement focuses on the time concept. The fact that exposure time is always presumed to occur prior to the effective date of the appraisal is substantiated by related facts in the appraisal process including dE~mand/supply conditions as of the effective date of the appraisal; the use of current cost inform<~tion; analysis of historical sales information and analysis of future income expectancy projected from the effective appraisal date. Effective Date of Value The effective date of this appraisal is May 9, 2008, the date of death of decedent M. Arlene McCarthy. Property Rights Appraised The property rights appraised comprise the fee simple estate in the subject property, and defined by the Dictionary of Rea! Estate Appraisal, of the Appraisal Institute, 3~'~ edition, as "absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat." Scope of Work The term scope of work refers to the amount and type of information and work that is deemed necessary to solve the problem and correctly complete research and analysis necessary to produce a credible appraisal of the subject property herein. For purpose of this assignment and this appraisal, I • Physically inspected the interior and exterior of the subject dwelling and other various outbuildings, the subject site, and the surrounding neighborhood solely for the purpose of developing an opinion of value for the subject property • Gathered and analyzed factual information about the subject property and the surrounding neighborhood from County deed and tax assessment records, the real estate broker handling the pending sale herein, and my personal inspection of the existing property. • Prepared a highest and best (most probable) use analysis of the subject site, as though vacant and unimproved, and of the subject property as improved to determine the current highest and best (most probable) use. • Gathered and analyzed data that is considered and deemed as applicable, relevant, and necessary to develop credible results for this assignment. My sources of data included the deed record and tax assessment records of Cumberland County, Dauphin County, Perry County, and York County in Central Pennsylvania, my own records, and data and records published by Central Penn Multi-List Inc., of which I am a member. • Developed all of the analyses, opinions, and conclusions contained herein and, with the assistance of my personal assistant, Chris Garcia, completed the research necessary to develop this appraisal and this report, and developed, prepared, and wrote this Summary Appraisal Report. Part Three -Presentation of Value Identification of the Property The subject of this appraisal is a property that is known and numbered as 60 Glendale Drive, Mechanicsburg, PA 17055. Location Located along both sides of Glendale Drive with a majority of the property being located on the east side of Glendale Drive, just north of Wentzville Road (State Route 944). Owner(s) of Record M. Arlene McCarthy, by and through her Agent, Diane L. Cline, Trustee under and pursuant to the M. Arlene McCarthy Living Trust dated March 20, 2008. Current Recording Instrument number 2008-08569 History of Property The subject site was transferred from Calvin D. McCarthy, deceased, and M. Arlene McCarthy, by and through her Agent, Diane Cline to M. Arlene McCarthy under a living trust dated March 20,-2008 to Diane L. Cline, Trustee, or her successor in trust under and pursuant to said Trust. Said Calvin D. McCarthy and M. Arlene McCarthy acquired the property in a deed dated July 15, 1963. Calvin D. McCarthy died September 25, 2007 thereby vesting title solely in M. Arlene McCarthy who died May 9,2008. There have been no known transfers of interest in the property since that time and there are no known agreements of sale, option agreements, listing contracts, or leases currently in effect for the property as of the effective date of this appraisal. Market Area, Municipality, Neighborhood and Location Analysis General Market Area The general market area for this appraisal is the Capital City Region which consists of Cumberland, Dauphin, Lebanon, and Perry Counties. Capital Area Region Located along the Susquehanna River, the Capital Region is comprises the counties of Cumberland, Dauphin, Lebanon, and Perry as the Harrisburg-Lebanon-Carlislle Metropolitan Statistical Area (MSA), but also part of Northern York County that, although counted in the York County MSA, it is in reality a part of the Capital Region in terms of economics and trade. The overall region is a central hub for business, industry, government and transportation with the City of Harrisburg being the state capital of Pennsylvania. The region is rich in culture and history and has enjoyed continued growth, prosperity and success for many years and enjoys an excellent broad and diversified economic; base and growing economy that includes agricultural, governmental (both state and federal) retail and wholesale trade, light and heavy industrial, manufacturing and warehouse facilities and an exceptional highway network that transverses the region including the Pennsylvania Turnpike, U.S. Routes 22, 15, 22, 322 and 422 along with Route 283 and Interstate Highways I-81 and I-83. l0 The region covers approximately 1;625 square miles with Cumberland County having 550 square miles, Dauphin County having 520 square miles and Perry County having 550 square miles. The region is also located within a twenty mile radius of historic Gettysburg, Lancaster and York and is also within a fifty mile radius to the north of Selinsgrove, home of Susquehanna University; Lewisburg, home of Bucknell University; Danville, home of the Geisinger Medical Center; and Bloomsburg, home of Bloomsburg University, It is also within a seventy mile radius of State College, home of the Pennsylvania State University, aBig-10 university. Also, within the region, there is Dickinson College in Carlisle, the Dickinson College School of Law (now part of the Pennsylvania State University) in Carlisle, the Harrisburg Area Community College in Harrisburg, Lebanon Valley College in Annville, Lebanon County, and the Widener University and School of Law in Harrisburg. Also close to the region is Franklin and Marshall College in Lancaster and York College in York. The Pennsylvania State University Medical School and Center is located in Hershey which is also the home of famous Hersheypark and the famous Hershey Chocolate factory. There are several major hospitals also located in the region. Linkages The region benefits substantially from its linkages by excellent major highway access in all directions. The region traversed by the Pennsylvania Turnpike, running east and west, by Interstate Routes I-81 and I-83, running north and south, by Interstate Route I-283, running east and west, by U S. Routes 22- 322-422, running east and west, and by U.S. Routes 11-15, running north and south. The region is also served by two airports including the Harrisburg International Airport in Middletown (located just minutes from the subject properties herein) out of which many major airlines provide air travel to major airports and major cities, and the Capital City Airport in New Cumberland, which is a smaller but very adequate airport for smaller, private aircraft. These two airports are both located along the Susquehanna River across the river from each othere The area is also served by bus and train service out of the restored historic Harrisburg Transportation Center in Center City Harrisburg one block from the State Capitol Complex. Population According to U.S. Census data, the population of the Capital Region and Pennsylvania, from 1980 to 2005, was 1980 1990 2000 2005 Pennsylvania 11, 864,720 11,881, 961 12,281,054 12,406,292 Cumberland County 179,625 195,257 213,674 221,397 Dauphin County 232,317 237,813 251,798 253,382 Lebanon County 113,744 117,179 120,327 124,489 Perry County 35,718 41,172 43,602 44,652 Total SMA 561,404 591,421 629,401 643,920 Source: U.S. Bureau of Census Increase in Population from 1990 to 2000 10% G> 8% as ~~., 6% c ~ 4% d 2% 0% ~~ o~ ~~a ~'`~ ~~~ ~`~ ~ ` J J ° ° °J ~ ~~ ° G G G ~~ ~~ G 1 ` aca ,c.~ o~ ~~c ~~ °a ~ JQ ~ Q ~ ~ Q~ a ~ ~ ~~ O ~ G Economy The region has an excellent economic base and mix including agricultural, distribution, governmental, industrial, manufacturing, retail and wholesale trade, and tourism. A significant portion of the regional economy is in the governmental and service employment sectors. The governmental employment includes the State Capitol, and military installations at Mechanicsburg and New Cumberland. However, its overall diversity in employment and its location in proximity to major urban centers including Baltimore, Philadelphia, New York, Pittsburgh, and Washirn,~ton, D.C., also add substantially to the appeal of the area and its economic base. Unemployment Rates 6.0% 5.0% w ~ 4.0% ea c 3.0% d 2.0% m a 1.0% I 0.0% 1997 1998 1999 2000 2001 2002 2003 2004 Years ~- Cumberland County -~- Dauphin County Lebanon County -==-- Pennsylvania CIE- FZ?rry County ,t , s ~ °; - •L ~_ Y: 12 Income Median and Per Capita Income Year 2000 (Source: U.S. Census Bureau) 60,000 50,000 N 40,000 ~:' ~ ~ I ~ 30,000 ~= p (t-~ i ~ 20,000 n}i ' 10,000 Cumberland Dauphin County Lebanon County Pennsylvania Perry County County Household ^ Family ^Non-Family ~' Conclusions The historical nature and continued viability of the subject region is likely to continue, and the population and economy, which have been consistently strong over the past fifty years, is commonly anticipated and expected to continue its growth and expansion. Further, the Capital Region and its continued expansion and growth, brings it closer and closer to both the Lancaster and York metropolitan area, which is gradually creating more and more of a Harrisburg- Lancaster-York region, which is joined by excellent major highway access and which helps make the Capital City Region an excellent place to live, work, and play. Subject Neighborhood The subject neighborhood is bounded on the north by Blue Mountain and State Game Lands, the Darlington Trail, and Perry County; on the South by the Conodoguinet Creek, on the east by Hampden Township, and on the west by Ironstone Ridge Middlesex Township. It also lies along and off both the northern and southern sides of State Route 944 (Wertzville Road) and north of Interstate Route I-81 with close and easy highway access from Route 944 to I-81 just east of the subject site at State Route 114 and I-81. It is primarily rural and somewhat RURBAN (Rural-Suburban) in nature consisting of many scattered long-standing family working farms, other vacant land, scattered single-family residence dwellings including numerous upper-price range dwellings on estate-type lots and numerous estate-type lot subdivisions featuring upper-price larger single-family dwellings. There is, by most standards and opinions, further anticipated residential subdivision that will take place in various parts of the wide geographical and natural boundaries of the neighborhood and the subject district of the neighborhood where the subject property is located. (3 Subject site The subject deed provides that the subject site contains 91.45 acres as surveyed by D. P. Raffensberger, Registered Surveyor, on November 13, 1961 and as calculated and listed by the Tax Assessment and Mapping office for Cumberland County. It also has extensive road frontage along the eastern side of Glendale Road and approximately half as much frontage along the western side of Glendale Road. However, from the recorded legal description and the public records, your appraiser is unable to determine the exact frontage along Glendale Road although it appears that there is in excess of 1,500 lineal feet of frontage along the eastern side of the road and approximately half as much that frontage along the western side of the road. Also, your appraiser was unable to calculate how many acres of th,e site are situated on the western side of the road where there is a small pond on the site with other indications of other wetlands. The site is partly at grade level to Glendale Road and, at various K>oints and locations, slightly above grade level said road with a generally rolling topography with scattered flatlands and some scattered mounds and hillsides. It is generally open space with some wooded areas bordering the site. Site Improvements The driveway to the farmhouse from Glendale Drive is stone and there are several access points off Glendale Drive to the detached pole building and the pond located across the street from the farmhouse. Flood data According to FEMA Map 4203700005B, dated May 2, 1983, the subject site is located in Zone "C" and therefore not located in a designated flood zone. There also are no apparent or known wetlands delineation affecting any of the subject sites herein. Utilities Public utilities that are available to the site include telephone. telephone wires and poles. There is on-site water and on-site within any reasonable distance from the site. Subject Improvements Subject Dwelling There are overhead electrical and sevuer and no public water or sewer The subject site is improved with a old detached 2 '/~ story farmhouse dwelling that contains approximately 2,276 square feet of gross building area above grade. It consists of (7) rooms, (4) bedrooms (with one walk-thru bedroom) and 1 '/2 baths plus a mud room on the first floor. This dwelling is reportedly over 100 years old but has had upgrade:> and some remodeling at various times including in the early 1950's and it reportedly had a new oil furnace installed in December 2004 and a new well pump installed in August 2007. It has a estimated current effective age of 60+ years and no remaining economic life unless the below- listed repairs and upgrades are completed and then the estimated economic life would likely be in a range between 20 and 25 years unless more extensive modernization and upgrades were made to the dwelling. 14 It has a estimated current effective age of 60+ years and no remaining economic life unless the below- listed repairs and upgrades are completed and then the estimated economic life would likely be in a range between 20 and 25 years unless more extensive modernization and upgrades were made to the dwelling. The electrical system consists of old 30-amp and 60-amp fuse boxes The roof is pitched with composition shingles that show extensive age, wear, and tear, and in probable need of replacement The property had been inhabited in recent years but now needs some extensive repairs, remodeling, and cosmetic work completed to make the dwelling habitable in its current "as is" condition and state including plaster work on walls and tearing off and replacing existing wallpaper, new suspended ceilings, upgraded or new flooring, upgraded wiring, and there is a dirt basement. The electrical service is old, outdated, and inadequate and the plumbing system needs to be replaced also. The property was occupied through May 2008 when Ms. McCarthy died but the current capacity, type, adequacy, or condition of the existing on-site sewage treatment system is unknown and your appraiser has no knowledge of the condition, adequacy, type, or water quality of the existing on-site well. Due to the age, design, construction, and existing exterior stone, however, the dwelling could be attractive to buyers interested in restoring old farmhouses but it would require extensive restoration, remodeling, and upgrades and even to make it habitable now, it would require substantial work. First floor The first floor contains a kitchen with linoleum flooring, wood cabinets, formica countertops, a porcelain double-bowl sink, suspended ceilings with recessed lights, plaster walls with some wall paper, and a 30" electric range with built-in microwave. There is a powder room off the kitchen with paneled walls, a vanity, suspended ceilings, vinyl block flooring, and a commode. The living room contains wood flooring, some paneled walls and plaster ceiling. Some of the paneled walls have wallpaper. Off the living room is a den and a mud room. The living room contains wood flooring and plaster walls with some wallpaper. The mud room has wood flooring, a door to the outside, and plaster walls with some wallpaper. Second floor The second floor contains (4) bedrooms and (1) full bathroom. The bedrooms feature wood flooring, plaster walls with wallpaper, and plaster ceilings. The bathroom has a fiberglass tub and shower, a commode, a pedestal sink, vinyl block flooring, and a built-in cabinet. The 2"d floor is closed off in the back by the stair case. Basement There is an old full basement (cellar) with a dirt floor. The new furnace and well pump is in this basement and there also is an old disconnected coal and wood combination furnace still in the basement. Detached Barn & Other Outbuilding There is a 2-story barn that consists of a mix of concrete block and wood exterior and has approximately 5,035 square feet of gross building area above grade. It has a metal roof and is in overall poor condition. There also is an old 20' x 60' structure that looks like an old hog barn or chicken shed. is Carport The carport contains 600 square feet of gross building area and has wood exterior, a metal roof, and is in overall fair condition. Pole Building This pole building with metal siding and roof contains 5,720 square feet of gross building area and is open ended along one side. It is in average condition. Zoning The subject property is zoned as Rural Residential. Purpose The primary purpose of this Zone is to promote a continuation of the rural character of the area, characterized by a mixture of sparsely developed residential uses. In addition, other small-scale nonresidential uses have developed. This Zone will continue these development trends, but will install additional protection for rural residences form the impacts of other nonresidential uses. These areas are not likely to be served by public sewer or water facilities within the foreseeable future; therefore, larger lot sizes are indicated. Because of the character of these areas, some steep slopes are included. For this reason, specific lot design requirements have been imposE;d on steeply sloped development sites. Permitted Uses • Agriculture, subject to the standards listed in Section 201 of the Silver Spring Ordinance, but excluding commercial livestock operations • Single-family detached and flag-lot dwellings, 2-family conversion, and accessory apartments, • Public uses and public utilities structures, excluding communications antennas, towers, and equipment, and public and/or profit parks. • Churches and cemeteries • Accessory uses customarily incidental to the above permitted uses • ECHO housing • Stables and non-commercial keeping of livestock • Two-family conversion apartments and accessory apartments Special Exception Uses • Bed and breakfasts • Private clubhouses • Home occupations and farm occupations • Family day-care facilities and campgrounds • Public and private schools • Communication antennas, towers and equipment 16 Conditional Uses • Golf courses • Rural clusters Maximum Number of Permitted Dwellings or Lots • For each tract of contiguous land in single and separate ownership (parent tract) as of the effective date of this Ordinance, there may be one (1) lot subdivided or one principal residence constructed for asingle-family detached non-farm dwelling, according to the following schedule. Lot Area (Acres) Total Number of Permitted Lots/Dwellin s At least Less Than 2 5 _ 2 5 10 3 10 15 4 15 20 5 20 25 6 25 30 7 30 _ 35 8 35 --- ------- 40 -- 9 40 _ _~-__ ---- 45 ---- _ 10 - ___.-__ 45 ----- 50 1 ~ ----- 50 55 _ 12 - 55 ~ 60 13 60 _ 65 v ___ 14 65 70 _ _ 15 70 _ 75 _ 16 75 _ 80 _ 17 80 85 - 18 -- ----- - 85 --- 90 _~_ 19 90 95 20 95 100 21 • The above described schedule shall not apply to ECHO housing nor two-family conversions and Lot add-ons in which no new lots are created shall no be counted against the number of lots permitted to be created in the schedule of Section 202.5.1 Regardless of size, no tract of land subdivided from its parent tract shall qualify for additional single-family detached dwellings or lots pursuant to this section. Similarly, and subsequent owner of any portion of the parent tract legally existing on the effective date of this Ordinance shall be bound by the actions of previous owners in the such current owner may only subdivide for purposed of additional single-family dwellings the number of lots, if any, remaining from the original number permitted by this section. Any subdivision or land development plan hereafter filed for a tract of land in the Rural Residential Zone shall specify which lot or lots shall carry with them the right to erect or place thereon any unused quota of single-family detached dwellings as determined by the provisions of this section. • In the event a tract of land which was not classified as part of the Rural Residential Zone on the effective date of this Ordinance is hereafter classified as part of the Rural Residential Zone, the size and ownership of such tract shall be determined as of the effective date of the change in the zoning classification. 17 Maximum Permitted Height • Principal buildings and structures • Accessory buildings and structures Design Requirements 35 feet 15 feet Use Minimum Minimum Maximum Minimum Minimum Minimum Minimum Lot Area Lot Width Lot Yard Yard Yard Yard Coverage Setback, Setback Setback Setbacks Front One Side Both Sides Rear All Permitted Uses 1 acre 150 ft. 10% 50 ft. 30 ft. 60 ft. 50 ft. All Permitted Uses if more than 50% of the 2 acres 150 ft. 7% 50 ft. 30 ft. 60 ft. 50 ft. site possesses slopes in excess of 15% Accesso Uses N!A N/A N/A 300 ft. 15 ft. 30 ft. 15 ft. Subject Conformity The subject site, as currently improved, is a legal conforming use. Assessment and Real Estate Taxes Tax Parcel 38-05-0435-018 The subject property is currently assessed as Land $ 413,220 Improvements 123 980 Total assessment $ 537,200 The property is currently enrolled in the Clean and Green program with an adjusted assessment of Land $ 49,890 Improvements 123 980 Clean & Green assesment $ 173,870 2008 Tax Rates Silver S rin Townshi Count Munici al School Total 0.00247 0.001034 0.00972 0.01322 Therefore, based on the current subject assessment and the above-listed tax rates, the real estate taxes for the subject property for 2008 would have been $7,101.78 and the Clean and Green taxes for 2008 are $2,298.56. ]8 Part Four -Analysis of Data and Conclusions Highest and Best (Most Probable) Use Analysis Highest and Best (Most Probable) Use, as defined by the Appraisal Institute, is "The reasonably probable and legal use of vacant land or an improved property, which is physically possible, appropriately supported, financially feasible, and that results in the highest value." This definition immediately applies specifically to the highest and best use of the land. General appraisal theory is that as long as the value of a property as improved is greater than the value of the site as unimproved, the highest and best use is as improved. It is to be recognized that, in cases where a site has existing improvements on it, the highest and best use may very well be determined to be different from the existing use. The existing use will continue, however, unless and until land value in its highest and best use exceeds the total value of the property in its present use. Thus, when the value of vacant land exceeds the value of the property as improved, the highest and best use is then as if vacant. It is common practice, however, for a property owner to raze and remove existing improvements even when the value of the property as irriproved exceeds the value of the vacant site because it is recognized that many developers and investors will not pay top dollar for underlying land to simply hold the property until the value of the existing improvements has diminished. Thus, the costs of demolition and any remaining improvements are calculated into the costs of redeveloping the site into a new highest and best use. Therefore, Highest Best Use is analyzed both as land or a site as it'vacant and property as improved and Highest and Best Use is influenced and shaped by the same market forces that influence and shape market value so that Highest and Best Use is created by the competitive forces within the market where a property is located and an analysis and intE~rpretation of highest and best use is an economic study of market forces affecting a subject property inclependent of what is viewed as the public interest. Further, highest and best use analysis and feasibility are interrelated. Thus, implied within this definition is recognition of the contribution of that specific use to community environment or to community development goals in addition to ~Nealth maximization of individual property owners. Also implied is that the determination of highest and best use results from the appraiser's judgment and analytical skill (i.e. that the use that is determined from analysis represents an opinion, not a fact to be found}. In appraisal practice, the concept of highest and best use represents the premise upon which value is based. In the context of most probable selling price (market value), another appropriate term to reflect highest and best use would be most probable use. In the context of investment value, an alternative term would be most profitable use. When analyzing highest and best use of land as if vacant, the first determination must be whether the site should be developed or left vacant and, if it should be developedl, then what kind of improvements should be built. When analyzing highest and best use of a site as currently improved, it must be determined if the existing improvements should be left and maintained in their current state or if they should be altered or further improved to make them more valuable or have them removed. The Highest and Best Use of any property, as if vacant or as improved, however, must meet four criteria. The highest and best use must be legally permissible, physically possible, financially feasible and maximally productive and the criteria are considered sequentially so that legal permissibility and physical possibility are analyzed prior to any test of financial feasibility and maximum productivity. This in essence becomes a process of elimination. 19 Highest and Best (Most Probable) Use of the Property if Vacant and Unimproved Legally permissible The permitted uses for the subject site include those provided by the current zoning regulations for the subject site. There are no known deed covenants, as restrictions, to any of these uses. Physically possible With the land area, frontage, depth, shape, size, topography, and overall utility of the subject site, uses that are physically possible on the site include any and all of the legally permitted and special exception uses. Financially feasible Many of the legally permissible uses for the subject site would be financially feasible, particularly for development of the site for single-family housing, a church, stables, bed and breakfast, private clubhouses, a school, or a campground. Maximally productive Of the uses that are legally permissible, physically possible, and financially feasible, the maximally productive uses for the subject site, if vacant and unimproved, would be for development of any of the above-mentioned uses that are financially feasible. Highest and Best (Most Probable) Use of the Property as Currently Improved Legally Permissible The subject property, as currently improved and used, conforms to the current zoning regulations for the property and there are no known deed covenants, as restrictions, that disallows said current use. Physically possible The property, as currently improved and used, is adequate for the current use and is able to continue to function adequately as currently improved. Financially feasible The property as currently improved and relative to current market conditions is financially feasible. Maximally productive The highest and best, and most probable, however, of the subject site, would be for retention, restoration, and upgrading of the existing dwelling and at least some of the ancillary buildings on an interim basis and subdivision of the site into one or more smaller sites and development of those smaller sites for any of the above-listed uses that are deemed to be maximally productive for the subject site. Conclusions Based on this data and my final analyses and conclusions it is my opinion that the current highest and best (most probable) use of the subject property is for retention, restoration, and upgrading of the existing farmhouse and some of the existing structures, and future subdivision and development of the existing sites for one or more, or a combination of the listed financially feasible uses. ~p The Valuation Process The valuation process is defined in The Appraisal of Real Estate (12'r' Edition) as published by the Appraisal Institute, as "a systematic set of procedures an appraiser follows to provide answers to a client's questions about real property value." It consists of a series of steps that are appropriate to a specific and particular appraisal assignment that begins with a client engaging a real estate appraiser to develop an opinion of value for a specific property as of a given effective date and ends when the appraiser communicates and reports his or her final conclusions and opinions to the client. Definition of the Appraisal Problem This first step in the appraisal process includes • Identification of the client, the intended use, and the intended users) of the appraisal • Purpose of the Appraisal including a definition of the value bE:ing developed • Determination of the effective date of this appraisal • Identification of the characteristics of the property including location and property rights • Any extraordinary assumptions of the appraisal • Any hypothetical conditions of the appraisal Scope of Work Scope of work is defined in the Uniform Standards of Professional Practice (USPAP) as being "the type and extent of research and analyses in an assignment." Thus includes the degree and extent of research and the data that is deemed as necessary to develop a credible opinion of value for the subject property being appraised. Data Collection and Analysis The appraiser must gather and analyze market area data, subject property data, and comparable property data that is relative and relevant to and necessary for any specific appraisal assignment. Development and Application of Traditional Approaches to Value The appraiser must consider which of the three traditional approaches to value are applicable, relative and relevant to, and necessary for developing a credible opinion of value including • Cost Approach • Sales Comparison Approach • Income Capitalization Approach Further, if two or more approaches to value are developed by an appraiser for a subject property, the appraiser must determine the amount of emphasis and weight to be given to each approach that is developed by the appraiser because one or more approaches may have greater significance in any appraisal assignment for any specific property. Reconciliation of Value Indications and Final Opinion of Value The final analytical step in the valuation process is the reconciliation of the value indications developed and derived by the appraiser into a final amount of value, a range of value, or even a value related to a benchmark amount (i.e. more than or less than a specified dollar amount). 21 Approaches to Value Cost Approach The Cost Approach is based on the premise that market participants relate value to cost. The value of an existing property reflects the costs to develop a similar property. The value of an existing property reflects the costs to develop a similar property and those costs are adjusted for all forms of applicable depreciation. The estimated depreciated cost is then added to the indicated land value of the property along with the contribution of depreciated site improvements to derive an indicated value. Like the sales comparison and income capitalization approaches, this approach is based on market-derived data. Sales Comparison Approach The sales comparison approach reflects the market's perception that the value of a property is directly related to the prices of comparable, competitive properties and is most useful and reliable when there are an adequate number of properties similar to the subject property that have sold recently or are currently for sale in the subject property market. Appropriate units of comparison are derived from recent sale comparisons and adjustments are made to the prices of the sale comparisons based on the elements of comparison among the sales analyzed and between each sale and the subject property. Income Capitalization Approach The purpose of income capitalization is to convert future anticipated annual net operating income from the subject property into an estimate of current present value of the subject property by use of an annual overall income capitalization rate which includes both a return to the prospective mortgage lender as debt service and an annual pre-tax equity dividend rate for the equity portion of the investment which is the owner's initial equity or, in the case of an all-cash transaction, the overall rate of return is the also the equity dividend rate to the prospective owner-investor. Conclusions All three traditional approaches to value have been considered for this appraisal. However, due to the lack of support to and difficulty and unreliability of estimating total accrued depreciation in the subject building particularly from age as physical incurable deterioration, the Cost Approach is inappropriate, not relevant, and not necessary to develop a credible opinion of value for the subject property. Also, due to a lack of reasonable lease comparisons and because the market indicates that the typical purchaser of the subject property would either be an owner-user or an investor interested in redeveloping the property, the Income Capitalization Approach is considered but not developed herein. Sales Comparison Approach In the sales comparison approach, the appraiser develops an opinion of value by analyzing similar properties that have sold recently with the subject property. The basis and premise of this approach is that the market value of a property is directly related to the sale prices of comparable or at least similar and competitive properties. ~~ Quantitative Analysis There are various techniques available in the appraisal of real estate. to quantify adjustments to the sale prices of sales comparisons. One of the most common is data analysis, which includes paired data analysis, grouped data analysis, and secondary data analysis. However, in order to make reasonable and reliable adjustments to sales comparisons to account for differences between a sale and a subject property, the properties must have some common elements between them. The sales included herein do have adequate common elements and similarities to make reasonable adjustments to the sales comparisons, and I have therefore not developed a quantitative analysis for these sales., Qualitative Analysis There are several forms of qualitative analysis that are common in the appraisal of real estate • relative comparison analysis • ranking analysis • personal interviews I have used a combination of relative comparison analysis and ranking analysis in this appraisal for the subject property. Relative comparison analysis is a qualitative technique for analyzing sales comparisons in which a determination is made as to whether the characteristics of a sales comparison are inferior, superior, or similar to those of the subject property. Ranking analysis is a qualitative technique for use in analyzing sales comparisons in which the sales are ranked in descending or ascending order of desirability and each is analyzed to determine its position relative to the subject property. Conclusions Since there is inadequate data to extract reasonably supported line adjustments for differences among and between the sales used and reported herein as a quantitative analysis, a qualitative analysis instead is developed for this appraisal using a hybrid of both ,~ ranking analysis and a relative comparison analysis, as above-described. 23 Grid of Land Sales Sale Location Sale Price Date of Sale Site Price/Acre 1 826 West Grantham Road $2,652,362 Jan-06 105.61 acres $25,115 Monroe Townshi Cumberland Count , PA 2 3045 Lisburn Road $650,000 Dec-06 29.60 acres; $21,959 Lower Allen Townshi Cumberland Count , PA 3 620 East Windin Hill Road $4,250,253 March-07 164.05 acres $25,908 U er Allen Townshi Cumberland Count , PA 4 2421 Mount Allen Drive $1,497,600 Feb-07 55 acres $27,229 U er Allen Townshi Cumberland Count , PA 5 225 Grandview Road $780,000 Au -04 61.77 acres $12,627 South Hanover Townshi Dau hin Count , PA 6 231 North Middlesex Road $565,000 Feb-05 78.64 acres $7,185 Middlesex Townshi Cumberland Count , PA 7 1215 McCormick Road $1,700,000 Nov-03 67.31 acres $25,256 U er Allen Townshi Cumberland Count , PA 8 200 Ott Road $2,350,000 Nov-07 156.27 acre:> $15,038 Southam ton Townshi Cumberland Count , PA 9 2818 Round To Road $1,425,000 Feb-04 149.10 acres $9,557 Londonder Townshi Dau hin Count , PA 10 1269 Manada Ga Road $1,000,000 March-07 117.2 acres $8,532 East Hanover Townshi Dau hin Count , PA 34 Range of sale prices $565,000 to $4,250,253 Range of acreage 29.6 acres to 164.05 acres Range of unit prices $7,185 per acre improved to $27,229 per acre improved Analysis of Sales Comparison Data and Indication of Value After thorough research in Cumberland, Dauphin, and northern York Counties to locate sales of properties that are reasonably similar to and for comparison with the subject property considering location, land area, site, improvements, and overall future potential and utility, these ten sales are the best, closest, most overall similar, and most recent sales out of over two dozen sales that were found and analyzed for this appraisal. Sales 1, 2, 3, and 4 are located in superior locations on the West Shore of the Greater Harrisburg Metropolitan area and Cumberland County all with substantially superior overall improvements, utility, and future development potential although the subject property has an overall superior location on the West Shore of Cumberland County when compared to Sales 6 through 10. Sale 1 is located just east of Williams Grove Park and Speedway and just west of U.S. Route 15 adjacent to Upper Allen Township and across the street from an upper-price residential estate-type lot development that borders the Yellow Breeches Creek in back. It sold for $2,652,362 in January 2006 with 105.61 acres at a unit price of $25,115 per acre. This property had been a working farm with a farm store for many years in addition to a nice older brick farmhouse and several barns, other outbuildings, and silos. It has extensive road frontage along Grantham Road, is prime development land, and has a substantially superior unit value when compared to the subject property with appropriate downward adjustment for its location, site, overall improvements, and future potential and utility. Sale 2 is located east of U.S. Route 15 in the heart of the West Shore with close proximity to major highway access in all directions and borders the Pennsylvania Turnpike and also being very close to major shopping and employment centers. It sold for $650,000 in December 2006 with 29.6 acres at a unit price of $21,959 per acre with a large dwelling that had been used as a Bed and Breakfast prior to this sale. It is a previous working farm and featured a 7-stable horse barn, a large bank barn, and other features. It is superior to the subject site in its overall location with superior overall improvements and future development potential. Downward adjustment is appropriate to this sale for its land area as economy of scale and its overall location and superior improvements. Sale 3 is located just south of U.S. Route 15 in an excellent location with major highway access in all directions being adjacent to Route 15 and Exit 236 of the Pennsylvania Turnpike in the heart of the West Shore. It sold for $4,250,253 in March 2007 with 164.05 acres at a unit price of $25,908 per acre and all existing buildings were demolished after this sale and development of the site is underway with multi-family zoning as of the date of the dates of this appraisal. This property has an substantially superior unit value when compared to the subject property with appropriate downward adjustment for its overall location, site, and development potential, with some offsetting upward adjustment for its land area as economy of scale. Sale 4, which sold for $1,497,600 in February 2007 with 55 acres at a unit price of $27,229 per acre. It had a beautiful old elegant stone farmhouse with 7,000 square feet of gross living area above grade level plus an in-ground swimming pool and various outbuildings. a5 Your appraiser had been personally familiar with the property for over forty years and it was acquired by land developers to redevelop the property keeping the existing farml-iouse. It has a substantially higher unit value than the subject property and downward adjustment is appropriate for its location, development potential, and land area as economy of scale. Sale 5 is located in a location in Dauphin County that has similarities to the subject location in that it is somewhat close to Interstate Highway I-81 and close to Hershey while being somewhat romote as well as being off the beaten path as it is often said. It was acquired to~ develop and sold for $780,000 in August 2004 with 61.77 acres at a unit price of $12,627 per acre as improved. It had an older 2 %-story farmhouse that did not the same restoration potential as the subject farmhouse although it had 2,990 square feet of living area above grade level. This property is the most overall similar sale for comparison with the subject property. Some upward adjustment is appropriate for the date of sale of this property as market conditions with some downward adjustment for this overall location due to its close proximity to Hershey and its land area as economy of scale, Safe 6, which sold for $565,000 in February 2005 at a unit price of $7',185 per acre with 78.64 acres and an older farmhouse, a bank barn, and over 3,000 feet of creek frontage in Middlesex Township, Cumberland County. It has an overall inferior unit value compared to the subject property and upward adjustment to this sale is appropriate for its date of sale as market conditions, its overa{t location, and any future development appeal. Sale 7, which sold for $1.7 million in November 2003 at a unit price of $25,256 per acre as improved, is a beautiful and elegant horse farm with a lovely old restored farmhouse on 67.31 acres and including a 3-bedroom guest house, a nice bank barn and 13 paddocks with water and electricity, run-ins, and corral plus a heated in-ground swimming pool. This property is within close proximity to U.S. Route 15 and Messiah College and bordering the Yellow Breeches Creek. It has a superior unit value compared to the subject property and downward adjustment is appropriate to this sale for its overall location and site, its far superior improvements with offsetting upward adjustment for its date of sale as market conditions. Sale 8, which sold for $2.350,000 in November 2007 at a unit price of $15,038 per acre as improved with 156.27 acres and a nice restored stone farmhouse, is located in Southampton Township, Cumberland County. It was a working farm and included a state of the art dairy farm operation including milking parlor, milk barn, a special needs barn, a bank barn, and various other ancillary outbuildings. It has extensive road frontage on two roads. It is appropriately adjusted downward for its overall site and far superior improvements while somewhat upward for the overall superior subject location. This property has a slightly higher indicated unit value than the subject property. Sale 9, which sold for $1.425,000 in February 2004 with 149.1 acres at a unit price of $9,557 per acre as improved. It is located in an overall inferior location in Londonderry Township, Dauphin County and featured an older farmhouse. It was acquired for future development and is overall inferior to the subject property. Upward adjustment is appropriate to this sale for its overall location and its land area as economy of scale and for its date of sale as market conditions. Sale 10, which sold for $1.0 million in March 2007 at a unit price of :68,532 per acre as improved with 117.2 acres and an older but habitable farmhouse. It is located in E=ast Hanover Township, Dauphin County in close proximity to Interstate Highway I-81 and has future development potential similar to the subject site. Upward adjustment to this sale is appropriate for the sorriewhat overall superior location of the subject property and its land area as economy of scale. 36 Based on this data and my final analyses and conclusions, it is my opinion that the subject property has a unit value substantially below Sales 1, 2, 3, 4, and 7, slightly below that of Sale 8 while somewhat above those of Sales 6, 9, and 10 and very similar overall to Sale 5 at $12,627 per acre. Therefore, based on my final analyses and conclusions and based on a unit value of $12,500 per acre, as improved and 91.45 acres, it is my opinion that the subject property had a current market value, in its "as is" condition, as of the effective date herein of May 9, 2008, of $1,150,000. Indicated value of subject property Exposure Time $1,150,000 Most definitions of market value presuppose a transaction that occurs after "reasonable exposure in the market." The Uniform Standards of Professional Appraisal Practice (USPAP) states that, "when the purpose of an assignment is to develop an opinion of market value, the appraiser must develop an opinion of the reasonable exposure time linked to the value opinion, which should be stated in the report." Exposure time is generally defined as "the estimated length of time the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal." According to Statement on Appraisal Standards No. 6 in USPAP, "the discussion of reasonable exposure time should appear in an appropriate section of the appraisal report, one that presents the discussion and analysis of market conditions, and also be referenced at the statement of the value definition and value conclusion." The estimated exposure time for the subject property would have been three months to one year. 37 ~~ Don Paul Shearer Real Estate Appraiser/Advisor P.O. Box 717, Camp Hill, PA 17001-0717 (717) 731-8800 (800) 936-6007 Fax (717) 73'{-1191 e-mail: don@ dps-pa.com web site: v/vvtiv.dps~pa.com Biographical Data and Professional Qualifications Born December 21. 1943 in Harrisburg, Pennsylvania. Professional Real Estate Appraiser, Advisor, Analyst, Broker, Consultant & Educator Provides real estate advisory, appraisal, and consulting services in Central Pennsylvania, and specializes primarily in litigation valuation and expert witness testimony. In July 1994, he acquired the appraisal firm of the late K. Jesse Reitenbach, MAI, and former member of the State Board of Real Estate Appraisers, K. Jesse Reitenbach Associates Ltd. He is also Broker of Record of Hershey Realty, Hershey, P,4, and J.C. Bar Properties Inc., of Camp Hill, and is the founder and President of Realty One ~4ssociates Inc., a real estate brokerage firm. Founder, Director & Instructor of the Educational Division of Don Paul Shearer Inc., astate- approved private real estate school which offers courses approved by the State Real Estate Commission and courses approved by the Pennsylvania Board of Certified Estate Appraisers. Has taught thousands of real estate licensees throughout Pennsylvania and in Maryland, Virginia and the District of Columbia in real estate courses for his own state-approved private real estate school, the Harrisburg Area Community College, the University (:enter at Harrisburg, the Pennsylvania State University, the Pennsylvania Real Estate Academy and the Institute of Real Estate Studies Inc., of which he is a former co-owner, and has taught seminars in real estate for many local Associations of REALTORS and has spoken on real estate subjects for many civic and private organizations. Is known worldwide for his writings on the impact on real estate of the accident at the Three Mile Island Nuclear Plan in 1979 and an analysis that he prepared on the estimated damages to lands in Alaska due to the oil spill of the Exxon Valdez Oil Tanker in 1989. Education Graduate, Dickinson College (1965) - B.A. Degree (Pre-Law) Graduate, Cedar Cliff High School, Camp HiII, PA (1961) Professional Past President, Vice-President, & Director, Greater Harrisburg Association of REALTORS Affilations Past State Director and GRI, Pennsylvania Association of REALTORS General Associate Member, The Appraisal Institute Member, National Association of REALTORS Real Estate Is considered as one of the leading experts in the field of real estate throughout Central Appraisal Pennsylvania and for providing expert witness testimony in litigation cases involving eminent domain, Experience tax assessment appeals, distribution of assets, environmental damages, and bankruptcy. Has completed thousands of real estate appraisals in Pennsylvania since 1970 for attorneys private business firms, builders, land developers, relocation companies, banks, savings and loan associations, mortgage bankers, mortgage brokers, corporations, municipalities, counties, state agencies, federal agencies, municipal authorities and private individuals. Has completed real estate appraisals on all types of property in 36 counties of Central Pennsylvania including Adams, Berks, Blair, Bradford, Carboin, Centre, Chester, Clearfield, Clinton, Columbia, Cumberland, Dauphin, Franklin, Fulton, Huntingdon, Indiana, Juniata, Lackawanna, Lancaster, Lebanon, Lehigh, Lycoming, Luzerne, Mifflin, Monroe, Montour, Northumberland, Perry, Potter, Schuylkill, Snyder, Sullivan, Tioga, Union, Wyoming and York. Has given Expert Witness Testimony in 18 counties of Pennsylvania for real estate valuation and other real estate matters including Adams, Bradford, Clinton, Columbia, Cumberland, Dauphin, Franklin., Fulton, Huntingdon, Lancaster, Lebanon, Lycoming, Mifflin, Northumberland, Perry, Snyder, Tioga, Union, and York. Expert Witness Testimony presented in U.S. Federal Courts for real estate valuation purposes. Prepared analysis of damages to over 600,000 acres of the Seldovia Native Association in Cook's Inlet, Alaska, resulting from the Exxon Valdez Oil TanM;er Spill in 1989. 12!1107 Awards Selected as REALTOR OF THE YEAR, Greater Harrisburg Association of REALTORS '1980) Selected as ONE OF THE OUTSTANDING YOUNG MEN OF AMERICA (1968) Awarded Distinguished Service Award for Community Service, Camp Hill Jaycees (1969) Real Estate THE APPRAISAL INSTITUTE (including the American Institute of Reaf Estate Appraisers Education Completed & Passed MAI Comprehensive Examination (2002) Completed & Passed Exam Course 510 (Advanced Income Capitalization) Completed & Passed Exam Course 520 (Highest & Best Use & Market Analysis), 2000 Challenged & Passed Exam Course 530 (Advanced Sales Comparison & Cost Approaches; Completed & Passed Exam Course 540 (Report Writing & Valuation Analyses), 2000 Completed & Passed Exam Course 550 (Advanced Appraial Applications), 2000 Completed & Passed Exam Uniform Standards of Professional Appraisal Practice (Part A), Completed & Passed Exam Standards of Professional Practice (Part B), 1997 Completed (2-day) Seminar General Demonstration Appraisal Report Writing, 2000 Completed 8~ Passed Exam Course 1-A (Real Estate Appraisal Principles), 1969 Completed & Passed Exam Course 1-B (Capitalization Theory & Techniques), 1975 Completed & Passed Exam Course VI (Investment Analysis), 1976 Completed & Passed Exam Course VIII (Residential Valuation), 1970 Attended 1-day Seminar Industrial Valuation (1983) REALTORS NATIONAL MARKETING INSTITUTE (Commercial-Investment Division) Completed & Passed Exam Course 101 Basics of Real Estate Investment (1978) Completed & Passed Exam Course 102 Analysis of Real Estate Investment (1979) Completed & Passed Exam Course 103 Real Estate Taxation (1979) Completed & Passed Exam Course 104 Case Studies, Reaf Estate Investment (1980) Licensing and State Certified General Real Estate Appraiser (GA-422-L), Commonwealth of Pennsylvania Certification Certified AQB National USPAP Instructor (Instructor # 10885), The Appraisal Foundation Real Estate Broker (RB-023911•L), Commonwealth of Pennsylvania Certified Private Reaf Estate School Director, Commonwealth of Pennsylvania Certified Real Estate Instructor (RI-80-A), Commonwealth of Pennsylvania Certified Real Estate Instructor, Commonwealth of Virginia Qualified Expert Witness for testimony on real estate matters in 18 counties of Pennsylvania and in U.S. Federal Courts. Author Impact Study of the Effects on Real Estate of Three Mile Island Nuclear Accident at in 1979. 1999 1997 Numerous books and articles on real estate appraisal, agency, brokerage, construction, law, financing, investment, real estate fundamentals and practice, exam preparation for state real estate licensing exam, environmental concerns in real estate practice and appraising, and eminent domain. Community and Past State Chairman, Young Republicans of Pennsylvania (1970-72) Political Activities Campaign Manager for the late U.S. Congressman George A. Goodling, 1968 Statewide Campaign Director for State Supreme Court Justice Thomas W. Pomeroy, Jr. , 1969 Campaign Manager, Campaign for Governor, Henry G. Hager, former State Senator & Senate President Pro Tempore, Senate of Pennsylvania. South-Central Campaign Director for the late U.S. Senator John Heinz, 1976 Senate Page to the late State Senator George N. Wade (1962-66) Alternate Delegate, Republican National Convention, Miami Beach, 1968 Pennsylvania Campaign Coordinator, John Anderson for President (1980) Director, Route 15 Coalition Past Treasurer & Director, Camp Hill Jaycees Partial List of Past and Present Clients Banks & Savings Associations Adams County National Bank Bank of Hanover Cambria Savings Association Central Pennsylvania Savings Columbia County Farmers National Bank Commerce Bank Commonwealth Bank Commonwealth National Bank Community Banks CCNB Bank Cumberland Valley Savings Association Dauphin Deposit Bank & Trust Company Financial Trust Bank First Bank & Trust Company of Mechanicsburg First National Bank of Danville First National Bank of Marysville FNB Bank Fulton Bank Germantown Savings Association Guaranty Bank Hamilton Bank Harris Savings Bank Homestead Savings Association Homestead Savings Association Jersey Shore State Bank Kish Bank Liberty State Bank M & T Bank Mechanics Savings Association Mid Penn Bank Mid-State Bank Mifflinburg Bank & Trust Company National Bank of Tulsa Northern Central Bank Orrstown Bank Parent Federal Savings Association Pennsylvania National Sank Peoples Bank of Shippensburg Peoples State Bank of East Berlin Snyder County Trust Company Swineford National Bank Taneytouvn Bank Union National Bank Valleybank of Chambersburg West Milton State Bank Mortgage Companies Advance Mortgage Corporation Affinity National Mortgage Agape Mortgage Network American Home Mortgage Associated-East Mortgage Company Avstar Mortgage Company Chase Manhattan Mortgage Corporation Colonial Mortgage Service Company Cuna Mortgage Company Delaware Valley Mortgage Corporation First Advantage Mortgage Company GMAC Mortgage Corporation Huntingdon Mortgage Company Millennium Mortgage Group Kissell Mortgage Company Lincoln Nortgage Service Corporation Lomas & Nettleton Mortgage Company American Residential Mortgage Corporation Paine-Webber Mortgage Finance PHH U.S. Mortgage Corporation Pinnacle Mortgage Company Priority Mortgage Group Rockwell National Mortgage Source One Mortgage Thomas Portgage Company VNB Mortgage Company Walter Peck Ltd. Mortgage Credit Unions Americhoice Federal Credit Union Members First Credit Union Government & Municipal Clients Borough of Berwick Municipal Authority, PA Borough of Middletown, Dauphin County, PA Borough of Mifflinburg, Union County, PA Borough of Orangeville, Columbia County, PA City of Harrisburg Redevelopment Authority, PA Commonwealth of Pennsylvania East Pennsboro Township, Cumberland County, PA Columbia County, PA Lancaster County, PA Commissioners Lancaster County, PA Planning Commission Lancaster County PA. Commissioners Lebanon County, PA Commissioners Lebanon County, PA Planning Commission Lewisburg Area School District, Union County, PA Pennsylvania State System of Higher Education Resolutions Trust Corporation (RTC) Swatara Township, Dauphin County, PA Town of Bloomsburg, Columbia County, PA Veterans Administration Washington Township Municipal Authority, PA Corporate Clients Bell Telephone Company of Pennsylvania Buffalo Valley Telephone Company Capital Financial Enterprises Inc. Enterprise Land & Lumber Enterprises Executrans Inc. Financial Portfolios Inc. Financial Profiles Inc. Furman Foods Inc. Nationwide Insurance Company Penn Central Railroad Statesman Insurance Group Sun Oil Company The Salvation Army The Westport Company United Republic Llfe Insurance Company Lehigh Valley International Airport Authority Hundreds of Law Firms and Private Individuals Types of Properties Appraised by Don Paul Shearer Real Estate AppraiserlAdvisor Properties in 35 Counties in Pennsylvania Small & Large Apartment Buildings Small & Large Office Buildings Professional Office Buildings & Flex Buildings Strip Shopping Centers Quarries Golf Courses Motels and Hotels Campgrounds Mobile Home Parks Easements, eminent domain & private road takings Environmentally Damaged Properties United States Post Offices Residential Subdivisions (2 lots to 7.50 lots) Churches and Other Special-Purpose (Limited-Use) Properties Mini-Warehouse Facilities Industrial Properties Gasoline Service Stations & Automobile Dealership Properties Vacant Land & Building Lots Farms (10 acres to 600 acres) Mountainland and Woodland (up to 1800 Acres) Bars & Restaurants Fast Food Restaurants Retail Stores & Other Small Commercial Properties Governmental Buildings including schools, firehalls, etc. Fraternal and Masonic Buildings Bowling Alleys Funeral Homes Medical Buildings Various Types of Businesses Factories Warehouses Log Homes, Geodesic, Earth-Sheltered, and High-Range Price Unique Homes Veterinary Hospitals Stigmatized and Environentally-Damaged Properties 4 JAN L. BROWN 8~ ASSOCIA7"ES ATTORNEYS AND COUNSELORS AT LAW OLDE ENGLISH GAP $45 SIR THOMAS COURT SUITE 12 HARRISBURG, PA 17109 EMAIL: jibassoc@verizon.net www.janbrownlaw.com JAN L. BROWN, ESOUIRE~ TELEPHONE (717) 541-5550 BRENDA F. KEPHART, LEGAL ASSISTANT ~IACOUELINE A. KELLY, ESQUIRE FACSIMILE (717) 541-9223 PAULA K. WHITE, LEGAL ASSISTANT a~MirrEO w Pa AND oiSraicT of coLUMeiA JUDITH A. EBERSOLE, ADMINISTRATIVE ASSISTANT February 6, 2009 Register of Wills `-' ra -~ n Cumberland County Courthouse '~ _~ -~ One Courthouse Square _ `_=' ~ ~~ Carlisle, PA 17013 ~ ,,~ ~__, Re: Estate of M. Arlene McCarthy j ~ T ~ `~ _ File No. 2008-00536 _;~ ~~~ ~~' > `~' -~ J~" ~ _- Gentlemen or Ladies: Enclosed please find the following items for filing with the Register of Wills: 1. Inventory. 2. Inheritance Tax Return in duplicate. 3. A check payable to the Register of Wills in the amount of'~30 to cover the filing fee for the Inventory and Inheritance Tax Return. 4. A check payable to Register of Wills in the amount of $550 to cover the additional fee on the Letters of Administration. Please time stamp and return our file copies. A return envelope is provided. If you have any questions, feel free to contact this office. Sincerely, ~~ ~~ Brenda F. Kephart / Legal Assistant bfk Enclosure UNITED STOTFS POSTA- V1~ 0000 17013 ------ - --r - i a~..v~~ 1 U. S. PQSTAGE HHRRISBURG.Pq FEB106j~pg AMOUNT X6.85 ~ . nnns~o~~.,>_ JAN L. BROWN & ASSOCIATES ATTORNEYS AND COUNSELORS AT LAW OLDE ENGLISH GAP $45 SIR THOMAS COURT, SUITE 12 r '_ HARRISBURG, PA 17,1~9~ ~, -, _ , Register of Wills _ Cumberland County Courtho>x~+v -~~ One Courthouse Sq ` Carlisle PA 17013 -- - - - ~.~ _, =y {. _. _ . '_ 3 <: t i i E ~) ~~~ _; . C