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05-04-09
FILL IN APPROPRIATE OVALS BELOW {)ib 1. Original Return ? 2. Supplemental Return { 3. Remainder Return (date of death prior to 12-13-82) ~ 4. Limited Estate ~ 4a. Future Interest Compromise (date of s 5. Federal Estate Tax Return Required death after 12-12-82) C~! 6. Decedent Died Testate C~ 7. Decedent Maintained a Living Trust _0..,.,. 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) C~ 9. Litigation Proceeds Received 10. Spousal Poverty Credit (date of death { 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. O) CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number Taylor P Andrews, Esq '` (717) 243 0123 ~.., ~ - r w ~ _-_._. _...-- - --- . _.. _.... ........ Fimt Name (If Applicable) _.._ _... .... _ ....... ......... , __ _ _.... ., ~„~m„ ~ ~; ;;^~., ..... .. ..... ...... ...... ........ ....... V.J.L~ ~jJ~ t~~LL~T.~pG V 4 ~ ' ~A Andrews and Johnson ' ~~~~ _~.c _. __. _ , - First line of address ' ' =4y r ~, t ; 78 W Pomfret St `~' . Second line of address ~ j ~ , i . . _ _. _...... _ _ _ ___. _.. ^ ~, ~ _a '~ - ~ ~- , _ . _.. _ . . ......... .... _................._........_................ _........_ _...._.. . _ ........ .......... DATE FILED N City or Post Office State ZIP Code :............. ....... .. . . ........ __ ______.________.._._.. CARLISLE PA ;17013 Correspondent's a-mail address: 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 an mplete. Declaration of preparer other than the personal representative is based on all information of which preperer has any knowledge. SIGNATURE OF ER P IBL OR FILING RETURN ~ ~ ATE r ~ y~~ ADDRESS 65 S. Pin Oak D oilin s, 7007 SIGNAT R H RESENTATIVE ~ DATE ADDRESS 78 W P fret St, Carlisle, PA 17013 PLEASE USE ORIGINAL FORM ONLY Side 1 15056051058 15056051058 J 15056052059 REV-1500 EX Decedent's Social Security Number Clifford L Yinger :174-05-1037 Decedent s Name: RECAPITULATION 1. Real estate (Schedule A) ............................................. 1. 233,000.00 2. Stocks and Bonds (Schedule B) ....................................... 2. 326,176.57 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ..... 3. 0.00 4. 9 9 ( ) ............................. Mort a es 8~ Notes Receivable Schedule D 4. ! 0.00 5. Cash, Bank Deposits 8 Miscellaneous Personal Property (Schedule E) ........ 5. 17,528.43 6. Jointly Owned Property (Schedule F) C, Separate Billing Requested ....... 6. 0.00 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property t Billi R d S .__.__..__...._. _.____~~_____~ ~.M.._,. i 7 .. ' 249 682 30 ........ eparate ng eques e (Schedule G) c . . , 8. Total Gross Assets (total Lines 1-7) .................................... 8. 826,387.00 9. Funeral Expenses & Administrative Costs (Schedule H) ..................... 9. 12,625.02 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) ................ 10. 804.50 11. Total Deductions (total Lines 9 8 10) ................................... 11. i, 13,429.52 12. Net Value of Estate (Line 8 minus Line 11) .............................. 12. 812,957.00 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) ........................ 13. ~ 0.00 14. Net Value Subject to Tax (Line 12 minus Line 13) ........................ 14. 812,957.78 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 ~....._. ~....... .. __... _,. (a)(1.2) X .0 0 15. 16. Amount of Line 14 taxable at lineal rate X .0 45 16. 17. Amount of Line 14 taxable at sibling rate X .12 17. 18. Amount of Line 14 taxable at collateral rate X .15 18. 19. TAX DUE ......................................................... 19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT C~ 15056052059 Side 2 15056052059 REV-1500 EX Page 3 Decedent's Complete Address: File Number jµ21 '~ 09 ,0211 __ DECEDENT'S NAME DECEDENT S SOCIAL SECURITY NUMBER Clifford L Yinger 174-05-1037 STREET ADDRESS 1202 VVhite Birch Lane CITY Carlisle STATE PA ZIP 17013 Tax Payments and Credits: 1. Tax Due (Page 2 Line 19) (1) 36,583.10 2. Credits/Payments 0.00 A. Spousal Poverty Credit B. Prior Payments 0.00 C. Discount 1,829.17 Total Credits (A + g + C) (2) 1, 829.27 3. Interest/Penalty if applicable D. Interest 0.00 E. Penalty 0.00 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 2, Line 20 to request a refund. (4) 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 34,753.93 A. Enter the interest on the tax due. (5A) 0.00 B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (56) 34,753.93 Make Check Payable to: REGISTER OF WILLS, AGENT ~..4 . ~ , PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred :.................................................................................... ...... ^ b. retain the right to designate who shall use the property transferred or its income :...................................... ...... ^ c. retain a reversionary interest; or .................................................................................................................... ...... ^ d. receive the promise for life of either payments, benefits or care? ................................................................ ...... ^ 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ........................................................................................................ ...... ~ ^ 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? ........ ...... ~ ^ 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? .................................................................................................................. ...... ~ ^ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. .; .; . .. , .. 4 ... ,.,, . _ ;_,,. , 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 exemgt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116(a}(1.2)]. 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. SCHEDULE A REAL ESTATE ESTATE OF FILE NUMBER Clifford L. Yinger 21-09-0211 All real estate owned solely or as a tenant in common should be reported at fair market value with is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to sell, both having reasonable knowledge of the relevant facts. total (also enter on Line 1, Recap) $233,000 00 B-H Agency Appraisal Services File No. 0300309 Address: 1202 Whke 81rch Lane Unit NO.: N/A City: Carlisle County: Cumberland State: ~ Zlp Code: 17413 Legal Description: See Attached Deed Copy from Instrument # 200900785 Sonower: N/A Lendet(ClienL• Estate of Clifford L. Yinger Address: 1202 4yhfte Birch Lane Carlisle, PA 17013 Prepared By: G. Arthur Calaman _ Company: 8-ti Agency Appraisal Services Address: 163 N. Hanover Street Carlisle, Pa. 17013 - Phone: (717) 243-1000 ext. 216 Fax: t717) 243-1718 ~1ajl; bhapptaisal~comcast.net Prepared As Of: February lo, 2009 Estimated Market Value: $ 5233,000.00 Cover Page wfth Photo and Contents Cover Letter Uniform Residential Appraisal Report Certifimtion and Limlbng Conditbru Text Addendum Subject Photos Bu0ding Sketch Comparable Photos Location Map Deed/Legal Description Intended Use of This Report is to establish Market Value ONLY: NOT to be used for Mortgage FlnanrJng. Form produced by United Systems Sollware Canpany (800) 969-8727 www.unltedsyatems.com &H Agency Appraisal Services Fle No. 0300309 B-H Agency Appraisal Services 163 N. Hanover Street Carlisle, Pa. 17013 (717) 243-1000 Ext. 216 Date :March 20, 2009 Client :Estate of Clifford L. Yinger In accordance with your request, I have inspected, as per your instructions, and appraised the subject property located at 1202 White Birch Lane, Carlisle, Cumberland County, Pa. 17013. As per your instructions, the purpose of this appraisal was to determine "Market Vaiue" at the time of passing or date of death for Clifford L. roger, in unencumbered fee simple title of ownership, and this was done in compliance with and as defined by "USPAP" and the Appraisal Standards Board. This report in R's entirety is intended and valid only for the intended use of the Client named in this report, and is invalid if photocopied or electronically transmitted, whether in part or in whole by anyone other than the Client or the State Certified Real Estate Appraiser(s) named in this report. It is intended solely for the Client, and shall not be used by anyone other than the Client without the prior written consent of the Client, and the State Certified Real Estate Appraiser(s) conducting the appraisal process. Note :This is a Summary Appraisal Report, and contains 11 pages (plus attachments or addenda as necessary), and any single page is Invalid if detached or used separately from the entire report as originally submitted. This report was conducted and prepared with the utmost care and confidentiality, and was established with no pre-determined opinion of value on the part of the appraiser(s). Thank you for choosing B-H Agency Appraisal Services Art Calaman farm produced by United Systems Sottwaro Company (800) 969-8727 www.unitadsy~ems.can B-H Agency Appraisal Services file No 0300309 NOT TO BE USED FOR MORTGAGE FINANCING PURPOSES Property Descriotlon UNIFORM RESIDENTIAL APPRe1SAL REPORT File No. 0300309 rro a address lzoz white Birch Lane CI Carlisle State Pa Zi Code 17013 Le al Descri lion See Attached Deed Co from Instrument # 200900785 Cou Cumberland Assessor's Parcel No. 50-21-0324024 Tax Year OB 09 R.E. Taxes E 3,470.00 m/L S eclat Assessments E None Known Borrower N/A Current Owner N/A Occu nt Owner Tenant Vacant - Property dghts appraised ®Fee Simple ^ Leasehold Project Type ®PUD ^ Condominium (HUDNA only) HOA E 60.00 /Mo. Nel hborhood or Project Name Walnut Court Ma Reference 50 2z-0324024 Census Trod 0124 Sales Price S N/A Date of Sale N/A Descri lion and E amount of loan cha es/concessions to be aid b seller N/A Lendar/Client Estate of Gifford L Yin er Addr ess 1202 White Birch Lane, Carlisle, PA 17013 A raiser G. Arthur Calaman, Pa. Cert.# RL-139418 Addr ess B-H en A sisal Services 163 N. Ha nover St Carlisle, Pa. 17013 Location ^ Urban ®Suburban ^ Rural Predominant or:cupaney Single family housin Present land ate X Land use change Built up ^ Over75% ®25-75% ^ Under25% PPRICC AG StR0l1~} (yrs~ One family 6 ®Not likely ^ Likely Growth rate ^ Rapid ®Stable ^ Siow ®Owner SSk Low 0 2-4 lam(ly 1 ^ In process Property values ^ Increasing ®Stable ^ Declining ^ Tenant 641k Hi h 100+ MuIU-family 1 To: Demand/suppiy ®Shortape ^ In balance ^ Over supply ^ Vacant (0-5%) `- Predominant Commeroial 1 Marketing time Under 3 mos. 3-6 mos. Over 6 mos. Vacant (Over 5%) 120-150 60+ ( Other ) Note: Race and the racial eomposNlon of the neighborhood are not appraisal factors _ Neighborhood boundaries and characteristics: Sub ect is situated in the S.W. uadrent of the Carlisle Boro In a small residential cam lex of both sin le famy & townhomes. It is bounded to the north b State Route Si • to the east State Route 34 ; to the south I-81 • to the west b the 5. Middleton Tw . tine. _ Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.): " Sub ect property is in the greater Carlisle Pa. Market Area. Ma or roadways, empl er1t, shopping, schools (both public and rivate) are within reasonable drivin distance. UtilRies as well as fire and police rotectlon are resent and adequate for the area. It is my opinion that the subject property Ls in average condition and would have excellent marketln otentlal. Market conditions in the subjed neighborhood (including support for the above conclusions related to the trend of property values, demand/supply, and marketing time -such as data on competitive properties for sale in the neighborhood, description of the prevalence of sales and financing concessions, etc.): Empl eat, mo aerates, and housin inventories have remained fairly stable In the area, and althou h Interest rates are fluctuating, the market is stable Pr rty appredatlon has had little or na increase wet the st r. Avers a marketln time for similar roperties in this area would be u to 90 days, but could be u rds to 180 days. Seller wncessians in the form of closin cost assistance to the b rare relatively mmmon, but usually don't exceed;3000 to #5000. - Protect Information }or PUDs (If applicable) - - Is the developer/builder in control of the Home Owners Association (HOA)T ^ Yes ®No . Approximate total number of units in the subject projed 56 (m/L) .Approximate total number of units for sale in the subject project 1 Known Desuibe common elements and recreational facilit(es: 2 areas consistin of rounds, atlo and azebo Dimensions 28.0 F x 160.0 L x 28.0 B x 160.0 R Topopraptry Level Site area 4460.00 SgFt Corner Lot ^ Yes No Size 0.10 ears m/L Specific zoning dassttlption and description Residential Shape Rectan ular Zoning compliance ®Legal ^ Legal nonconlorming (Grandfathered use) ^ Illegal ^ No zoning Drainage ars to be ad uate Highest & best use as improved ®Prosent use ^ Other use (explain) View T Icel Residential UUUUes Public Other Oft-sRe Improvements Typa Public Private Landscaping Avers e Electricity ® G ® Street Macadam ® ^ Driveway Satiate Macadam as W t ® Curb/Gutter Concrete ® ^ Apparent Easements None Found or observed a er Sanita Se r ® Sidewalk Concrete ® ^ Y FEMA Special Flood Hazard Area ^ Yes No ry we Street LJghts es ® ^ FEMA Zone C Map Date 03/D3/1982 Storm Sewer All Service Drive Easement FEMA Ma Ne. 425382 0004 B Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal nonconforming zoning use, etc.): None observed or found Burin the normal course of research of this rope GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION No. of Unlis Sin le Foundation Concrete Slab Yes Area Sq. FL N/A Roof ^ No. of Stories Two Exterior Walls Bride Crawl Space N/A % Fnished N/A Ceiling ^ Type (DeUAtt.) Aft Root Surface Shin le Basement None Ceiling Walls ^ Design (Style) Townhouse Gutters 8 Dwnspts. Aluminum Sump Pump No Walls Floor ^ Existing/Proposed bdstln Window Type DbI.Hn . Dampness NoneObsrvd Floor None ^ Age (Yrs.) 18 m/L Stoml/Scroens Existin Settlement None Obsrvd Outside Entry Unimown Effedlve Age (Yrs.) 5-7 yrs. (m/L Manufactured House No Infestatlon Unknown See Text Addendum Pg. _ ROOMS Fo r Livia Dinin IOtchen Den Famil Rm. Rec. Rm. Bedrooms # Baths Laund Other Area S . FL Basement N/A Level 1 1 1 1 1 .5 920 Level2 2 2.00 1 920 - Flnished area above rode contains: - 7 Room • 2 Bedroom s • 2. 50 Baths • 1840 S uare Feet of Gross Livin Area INTERIOR MatarialyCondition HEATING KITCHEN EQUIP ATTIC AMENmES CAR STORAGE: _ Floors n:Avera a Type FHA Refrigerator None ^ Fireplace(s) # 1 ® None ^ Walls D II:Avera a Fuel Gas Range/Oven Stairs ^ Patio None Obsrvd ^ Garage ~ of pre Trim/Finish Wood:Avera a Condition Averse Disposal Drop Stair ^ Dedc None Obsrvd ^ Attached Bath Floor Vin Averse COOLING Dishwasher Swttle ® Porch Frt/Rear ® Detached 2 Bath Wainscot N/A Central Yes FarVHood Floor ^ Fence Wood ® Built-In Doors Com osition:Averse Other None Microwave Heated ^ Pool N/A ^ Carport All Floor Covering Is Average Conditlon Conditim Average Washer/Dryer Finished ^ ^ Driveway Additional features (special energy e~cierd items, etc.): None Observed Condition of the improvements, depredation (physlpl, functional, and external), repairs needed, quality of canstrudion, remodeling/additions, etc.: Home is In avers a rnnditlon with no hysical, fundlonal or external obsolescence. No needed re air was noted at the tlme of Ins d1on..no re Irs were In ro tees. Quell of construdlon is avers a to the area and period. Adverse environmental conditions (such as, but not limited to, hazardous wastes, toxic substances, etc.) present in the improvements, on the site, or in the immediate vicinity of the subject property: None observexf...Not ualifled or certlfled to see or test..See Text Addendum Pa e. Freddie Mac Form 70 6-93 F~~~.~ma,~~.An,.u„u.ae,-,.-..c-M..,..~_____.,.,,,..,,~,..,.,,..__..__.._.__.__ _ ~V°'7 lo~~l aua-o, a mrw.wu~ousysmms.com - rapE 1 Fannie MEE Form 10W 6-93 B-H Agency Appraisal Services Flle No. 0300309 Valuation Section UNIFORM RESIDENTIAL APPRAIS AL REPORT File Na Oju03uy ESTIMATED SITE VAUUE .......... = S ESTIMATED REPRODUCTION COST-NEW OF IMPROVEMENTS: Dwelling Sq. Ft. @ S = S N/A Sq. Ft. @ S = N/A Comments on Cost Approach (such as, source of cost estimate, site value, square foot calculation and, for HUD, VA and FmHA, the estimated remaining economic life of the property): Due to the a e of the sub ect kn rovementr, the Cost roach to value was not used. The Cast roach is onl - = considered for dwelgn s of "New Constructbn" or for an actual Garage/Carport Sq. Ft. @ S = - Ical a e of less than five ors. It is the opinion of this a raiser Total Estimated Cost-New ....... . ..... . ....... = S N/A ternal ti l E i l F Ph that the "Cost roach" to value is Inadequate and not a ro riate in ys ca - less unc ona x an anal is of a dwellin &. improvements of the actual icel a e of Depreciation I ~ _ # this sub)ed; and would not 'eld an accurate r resentation of Market .. .. = S Depreciated Value of Improvements Value. It was therefore not considered. ................ .. ...... = S .. .. 'As-Is' Value of Site Improvements .. ......... .. INDICATED VALUE BT COST APPROACN ................ ~ S N/A ITEM OBJECT COMPARABLE 0.i COMPARABLE N0. Y OMP RABLE N0. S 1202 WhRe Birch Lane Address Carlisle, Pa 17013 1200 White Birch Lane Carlisle, Pa. 17013 1321 White Birch Lane Carlisle, Pa. 17013 1319 White Birfi Lane Carlisle, Pa. 17013 Prordmi to Sub'ec1 0.0 MI ENE 0.2 MI WSW 0.2 MI WSW Sales Price S N/A S 245,000 S 230,000 ' S 246,500 Pdce/Gross Liv. Area S _ S 114.86 S 85.76 S 107.45 Data and/or Verification Sources Int./Ext Inspectlon CCCH Cumb.Co.Court House Drive- Ext. Inspection CPML & CCCH Drive-b Ext. Ins action Cumb.Ca.Court House Drive-b Ext. Ins action VAWE ADJUSTMENTS DESCRIPAON DESCRIPTION + - Ad'ustment DESCRIP110N + - Ad'ustment DESCAIPTION + - Ad'ustment Sales orFlnancinp Concessions _ ' Unlorown N/A Conventional N/A Unknown N/A m Period ' Above Grade Total Bdrms Baths Total Bdrms Baths Total Bdrms BaOrs Total Btlrms Baths Room Count 7 2 2.5 7 3 2.5 9 4 2.5 6 3 2.5 _ Gross Livin Area 1840 S . FL 2133 S . FL -7325 2682 S . FL -2105 2294 S . Ft -11350 _ Basement 8 Finished Slab Slab Full Coneete -3500 Full Concrete -3500 - Heatin oolin FHA/Centr~al Air FHA/Central Air FHA/Central Alr FHA/Central Air En Efficient Items None observed None Known None Known None Known _ Gara e/Car ort 2 Car pet. 2 Car DeL 2 Car Att. 2 Car Det Porch, Paco, Deck, Porch/Porch Pordr/Patio Porch/Dedc Pordr/Dedc Fife laces ,etc. 1 Fire ace (1 Fir face 1 Flr ace (1 Fire lace Fence Pool etc. od Fence Fence Fence Fence Exterior Finisfi Brick Brick Brick Brides Net Ad'. total + - S -10325 + - S -24550 + ~ S -14850 Adjusted Sales Price . G: 4.21 G: 10.67"b G: 6.02% of Com arable N: 4.21 , S #234,675 N: 10,fi7% S ;205,450 N: b.02% S #231,650 Comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc.): The comparable ro es used in this anal are to o inion the best available at the resent, and havin been sold wthin the most recent months. All are relative in roily, within the same net hborhood, and similar in nature, le, size and condition. Few ad'ustmerrtr were necessa , and th have been made to com ensate for differences in the romnarahle eronerties where necessary A modest figure ~ S25 o/so. ft was used to calculate above ground finished living area in excess of 100 sq.ft. Date, Price and Data 01/09/2009 04j14i19B9 OOj1DJLW9 iu/uy/~uuu Source tar prior sales CCCH CCCH CCCH CCCH within year of appraisal #1.00 #140 000.00 #219,575.00 221,650.00 Analysis of any cunent agreement of sale, option, or listing of the subject property and analysis of any pdor sales of subject and comparables w(thin one year of the date of appraisal: Sub'ect b not, was not, has not been listed for sale within the st 12 months, and has not been transferred In the ast 3 ears, for faml .Sub act and comparebles last trensferred on the dates shown, & have not been resold since then, to the best of this a raiser's Imowled e. INDICATED YALUE BT SALES COMPARISON APPROACN ...............................................................5 233,000 INDICATED YALUE BT INCOME APPROACN (If Applicable) Estimated Market Rent S ' /Mo. x Gross Rent Multiplier N/A = # N/A The appraisal is made ®'as Is' ^ subject to the repairs, alterations, inspections, or conditions listed below ^ subject ttl completion per plans and specifications. Conditions of Appraisal: ate ~ InsPeQlon of the ro was March 11, 2009; Effedlve Date of the Isal for purposes of this report is the date of the decedent's ssin which was February 10, 2009. Also See Text Addendum pa a for additional commerrts on conditions of the appraisal....... Final Reconciliation: t For Fair Market Estimate of Rental Amount and wmmeMS on Value, See "Flnal Recondliation" on Text Addendum pa e... The purpose of this appraisal is to estimate the marketvalue of the real praparty that is the subject of this report, based on the above conditions and the certilicatian, contingent and limiting conditions, and market value delinltion that are stated In the attached Freddie Mac Form 439/Fannie Mae Form 10048 (Revised N/A ). _ 1 (WE) ESTIMATE THE MARKET YALUE, AS DEFINED, OF THE REAL PROPERTY TNAi IS THE SUBJECT OF THIS REPDRT, AS OF February S0, 2009 (INNICN M THE DATE OF INSPECTION AND THE EFFECTIYE DATE OF TNIS REPORT) TO BE S #233,000.00 Appraiser(s) signature has been el nicaily affixed to this report w/digitally protected signature(s) for the purpose of electronic transmission. APPRAISEIL• /"1 J SUPERYISORY APPRAISER (ONti IF REQUIRED): Si atun: !J ~~--°._---~-_- Signature ^ Did ^ Did Nol Name G. Arthur amen, Pa, ert# RL-139418 Name Inspect Property B-H Agency Apprdsal Services Flle Na 0300309 DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of 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 acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of Tinancial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions` granted by anyone associated with the sale. 'Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normal ly paid by sellers as a result of tradition or law in a market area; these casts are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession, but the dollar amount of any adjustment should approximate the markets reaction to the financing or concessions based on the appraiser's judgment STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the following conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show appro>mate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must nat be considered as an environmental assessment of the property. 1. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. 8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. 10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal report (including conclusions about the property value, the appraiser's identity and professional designations, and references to any professional appraisal organizations or the firm with which the appraiser is associated) to anyone other than the borower, the mortgagee or its successors and assigns; the mortgage insurer, consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentality of the United States or any state or the District of Columbia; except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s) without having to obtain the appraiser's prior written consent The appraiser's written consent and approval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media. u~uusuy 6-H Agency Appraisal Services File No. 0300309 APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable property is superior to, or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct. 3. I stated, in the appraisal report, only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and limiting conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a specific valuation, orthe need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally Inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report If I relied on significant professional assistance from any Individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it. Appraiser(s) signature has been electronically afnxed to this report w/digitally proteRed signature(s) far the purpose of electronic transmission. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERTY APPRAISED: lzoz white Birch Lane, Carlisle, Pa 17013 APPRAISER: /% Signature: ~--.~-~ Name: ~• Arthur laman, Pa. Cert.# RL-139418 Date Signed: o3/zo/zoo9 State Certification #: ~ 13941e or State License #: State: ~ Expiration Date of Certification or License: os/3oRoo9 SUPERVISORY APPRAISER (only if required); Signature: Name: Date Signed: State Certification #: or State License #: State: Expiration Date of Certification or License: ^ Did ^ Did Not Inspect Properly vauusuy B-H Agency Appraisal Services File No 0300309 TEXT ADDENDUM Borrower/Client N/A Address 12oz white Birch Lane Unit No. N/A City Carlisle COUnty Cumberland State Pe Zlp Code 17013 ~ Lender/Client Estate of Clifford L Yinger FAIR MARKET RENT: The subject PUD is an owner oavpied neighborhood. There are no rented or leased properties within the complex or neighborhood in general, nor have there ever been according to the secretary/treasurer of the assodatlon. In order to estmate an approximate monthly rental amount, I therefore expanded to other townhouse areas of similar size and style, within reasonable proximity and within the boro. Current single family rental property price trends vary between ;495.00 and $1,200.00 per month, depending on location, size, number of rooms bedrooms, amenities. There aze no standards, to the best of this appreiser's knowledge, as to landlord or tenant paid utllitles/expenses, and there are no rent contras in place far the arm. Rental amounts in the marketplace (In general) also vary due to the presence of Dickinson College and Law School and the Carlisle Army War College, both of which create demand for amtsl rerdal availadlity and the overall trend for rental price increases within Carlisle and the surrounding perimeter. Currently, due to the economy and housing market nationwide and here, vacancies and 'Yor rent" signs are plentiful in the area. For marry years our vacancy faders in the Carlisle market were below 596, a trend that I believe is changing. Many landlords have decreased their asking price in order to have the properties occupied. In order to estmate a monthly rental amount for the subject, I took properties from several locations, which I feR were similar in location, appeal, size, number of rooms/bedrooms and amenwes, and determined the cast per square foot from the monthly Income These amounts ranged from;0.49 to #0.68. Using a median factor of $0.57, I have conducted a Fair Market Monthly Rent for the subJeet at #1,050.00. I also conclude that since the monthly assodatlon fee fs the responsibility of and assessed to the homeowner, R should be inducted in that monthly rent Public water and sewage rates should also be Inducted, all other utllitles and tests would be the responslbkllty of the tenant(s). FINAL RECONCILIATION: This report b a Summary Appraisal Report In the opinion of the appraiser(s), the "Sales Comparison Analysis" represents the best Indication of market value for the subject, as defined in the "Statement of Uniting Conditlons" contained in this report This approach to value was given the strongest consideration in estlmatlng the subject's market value as of the date of the appraisal. The 'Income Approach to Value" was not considered, as the area is predominately owner occupied, therefore limiting the amount of available rental data that would be necessary to accurately complete that approach to value. DEFIN]IIONS AND DATA SOURCES: EXPOSURE TIME: For the appraised property, the exposure tlme, based an the experiences of other similar properties in the same or similar neighborhoods fs estlmated to be at three to six months. Exposure tlme Ls backward looking, where there is historical data ava0able that provides a reasonable indimtlon of the amount of tlme that would have been irnrolved to market the subject property being analyzed, and obtain a sale as of the effective date ~ the appraisal. This data has been corssldered and used In this estlmata MARKET TIME: Marketng tlme on the other hand fs forward looking, and is expressed as an estimate (projection) of the tlme that would be required to market the subject property and obtain a sale. In this context, it should be noted that I have adhered to the definition of "Marketing Time" as put forth by the "Appraisal Standards Board" and inducted In this report. This definition advises that marketlng tlme does not begin until two things take place: (1) an off Bring d the property at a price that marketlng partlcpants find acceptable, and (2) an effective marketng plan is implemented. SCOPE (EXTENT) OF APPRAISAL• In the preparation d this appraisal, I have made a physiai inspection of the sfte and the Improvements (if arry). I have traveled the neighborhood and if necessary, made appropriate observations or notes. Data sources employed in additlon were the zorting map or officer and ordinance for the municipality, the recorded deed or legal descrlptlon, the tax assessment parcel records, local mull(-list records, and the FEMA maps for the loration, if required. Consideration has been given to the highest and best use of the property, and all three approaches to value, with appliatlon to those most relevant and applicable to the valuaton of the subject Data refering to Predominant Occupancy, Single Family Age and Pricng, Present Land Use and Changes are reflecting statistla for township borough/general area, not for grease subject neighborhood. Other aspects of research and analyses relatlng to the Scope of Wwk pertormed as to the development of the assignment, and results and cwrdusions of this report, are found and disdosed in other sections throughout CCCH tk CPML arc sawryms for the Cumberland County Court House and Central Penn Multi-List respectively. These were the primary sources used to secure property data. In additlon, already verified information and data from my own files was used H needed, and where appropriate. All irrfortnatlon developed was Independently verified where public sources did not provide needed verificatlon. I may have contacted Ilstlng or sale agerrts or other parties to the transactions, H I felt R necessary to verify data listed in CPMI, as well as any suspedad unordinary Seiler concessions. In the valuation process, all appropriate value approaches, ar their excusions are mentioned In appropriate sections of the report CONDITIONS OF APPRAISAL (DISCLOSURE): The appraiser(s) is unable to know w verify, and in most instances unqualified to determine or verify any insulation w "R" factor; also the presence of urea formaldehyde foam insulation (UFFI), any wood infestatlon or causes thereof, any lead based paint, any type of mold or mildew, any asbestos, the presence or amount of arty radon, polydorinated bipherryls (PCB's), d:lorofiuororbons (CFCs), leaking storage tanks (above w below ground), and soil contaminates or any type of contamination. The quality of any drinking water Donal be tested or verified by the appraiser(s). The appraiser(s) has no expertise and is unqualifed to make any assumptions, statemerrts, ar warranties as to the conditlon of any on w off site septlc/sewage system if present The appraiser(s) is not qualified to test fa ary contaminates in, on, or around the property, and an make no assumption as to whether or not they are present It Is to be noted however, that ff any of the afore mentioned Rems are present, the market value could be adversely affected or violated. The appraiser(s) has made every effort to look, notlce and docwnent If observed, arty apparent w unusual appearing dreumstance in, on or around the property at the time of the inspection process. The appraiser(s) has only considered the dwelling and Items permanently attached as realty, Personal ar other items not permanently attached such as refrigerators, washers/dryers, window air conditloners, free standing stoves, portable dishwashers, etc were not given value osreideration in the appraisal process. Also NO VALUE is given as to storage sheds, pools (above or in-ground), swing sets, normal fendng, or other items ar exterior strudues of perceived value, unless spedflolly noted in the report Utllities were on ~ tlme of inspection and all plumbing, heating, air conditioning (if present), mechanical and electriml systems are assumed to be functional to the best of the appraiser's knowledge, however no warranty or expertise is stated in this report Une adjustments are not market extracted values due to lads and inconsistency of adequate market data, and therefore are subjective In nature. PRIVACY NOTICE: Pursuant to the Gramm-LeadrBilley Act of 1999, effective July 1, 2001, appraisers and ail providers of personal finandal services are now required by federal law to Inform their dierda of pdides with regard to the privacy of dient nonpubic personal informatlon. In the course d research for this appraisal, we may collect what Is known as "nonpublic personal information." This informaton b used to fadlitate the seMce that we provide, and may indude informatlon provided to us by you, or Indirectly provided to us from others with your authorizatlon. We do not disdose any nonpublic personal Infortnatlon obtained In the nurse of our engagement to nonaffiliated thin partles, except as necessary or as required by law. A necessary disclosure would be to an independent contractor, or in certain situations to third party consultants who would need to know certain informaton to assist us in providing these appraisal services to you. Should a disclosure of this nature to any person or firm assistlng in the appraisal process be necessary, such persons shall be advised that all informatlon is to be maintained In strict confidence within the firm. A disctosure required by law would be one that b ordered by a court of competent and legal jurisdiction, with regard to a legal action to which you are a party. We will retain records relatlng to the professional services that we have provided for a reasonable tlme. In order to protect your nonpublic personal Information from unauthorized access by others, we maintain physlol, eledzonic and procedural safeguards that comply with our professional standards, to insure security and the integrity of your infortnatlon. Farm produced by United Systems Sotware Company (600) 968-6727 www.unltedsystarns.com B-H Agency Appraisal Services Rle No. 0300309 SUBJECT PHOTOGRAPH ADDENDUM Borrower/Client N/A Address 1202 White Binh lane Unit No. N/A City Carlisle County Cumberland State ~ Zip Code 17013 Lender/Client Estate of Gifford L Yinger Front Yew Rcar View Street View Fam produced by Unlted Systems SoM1waro Company (600) 969-9727 wxw.unitedsystems.com &H Agency palsal Services Flle No. 0300309 SKETCH wer/Client "'/A ;55 12021Nhfte Birch Lane Unit No. N/A Carlisle County Cumberland State Pa Zip Code 17013 ;r/Client Fs~te d Clifford L. Yinger i i i , i ' i i i t _, -, ~ F I ... ,. _ T , - i 16t) i § I I a , I ~ ! ! ~ i . . .. .. r . . I t _ I i i V ~. , V i I i ... _. ---. ' 1 _V... I , ~ t ~ t ~ i i -: i ~ t - ..: .~... ;..... 1 i I . ~. __ _. ' ( .. V .._ -.__ I i , 07 ._..._ c,: ~ Sewnd Floor i , ~ i -- - ' - -- - .. .., - ... ~ ;,.. ~ .. _. . ,FVmshe .o _.., , i f 1 ~, i i i ) i -- r 1 ' ,..: y -- ' i ~ ' , „ ' - - ' - -- - .. k ~ -- - - -- 28 l7 . e i ° ~ - i ~ i I 1 ~ .. .. V ;. ... i .. .. _._ ... ... - i i 3 ' i - _ -.-_......--~__~._._.__-~ I __.-. a.- ; v _..' e i ~ i I r i - _ _ _- _. '. _.. i 160'. ,';,._ ~ _.: _ s _I 12.0` i r - ;._ _.. i ... _ ;... _~ _ . _ . ~ a ,_ i w -- ' - !- _:_ __..-- __ ~ __...~._. N :. I _ -; ~ , Poroh - i..G - ~ - m ` - I r _...:_ _... _, ... <.._ _ i ~ ...92.0' .- - ~ t ' i ~ _ _.. . _ - ~ -~- ~ :._ FLst Floor '- ~ - i i i Finrshed : T ~ , , i I I c_. ._ ___ _ ...._. ..,t. ~.m 1. ,.P.. ..,..,,, ~- ` I _ _ _ - -_ ~ __ _ _ __ . I ___._ __ . __~ _ ~ i - _ - _ ' ... r .~._ _-_26.0' ~_ I _. '- __ _ _ _ _ c io _ ... Porch , i ..... i ,~ ~ i :, . ~ ! . ;... s ._. i 6.0• ~ ~ . Comments: ARF~4 CALCULATIONS SUMMARY LIVING AREA BREAKDOWN Code DescNptlon Net Size Net Totals Breakdown Subtotals G7.r11 First Floor 920.0 920.0 Sirst 81oor Gi.r12 Second Floor 920.0 920.0 16.0 x 36.0 608.0 P/P Porch 24.0 12.0 x 26.0 312.0 Porch 96.0 120.0 Second Floor 16.0 x 38.0 608.0 12.0 x 26.0 312.0 Net LIVABLE Area (Rounded) 1840 4 Items (Rounded) 1840 Farm produced by Unltad Systems 6otware Company (600) 969-6727 www.unltedsystems.com 8-H A enc Ap sisal Services Flle Na. 0300309 COMPARABLE PHOTOGRAPH ADDENDUM xrower/Client N/A idress 1202 White Birch Lane Unit No. N/A jty Carlisle County Cumberland State Pa Zip Code 17013 ;nder/Client Estate of Clifford L Yinger Sales Comparable 1 Front thew Address: 1200 White Birch Lane ProX. t0 SllbjeCt: 0.0 MI ENE Sales Price: $ 245,000 Gross Living Area: z133 Total Rooms: ~ Total Bedrooms: 3 Total Bathrooms: z.so LOCatfOn: Average/Good Sales Comparable 2 Front View Address: 1321 White Birch Lane Prox. to Subject: 0.2 MI wsw Sales Price: $ z3o,oo0 Gross Living Area: z682 Total Rooms: 9 Total Bedrooms: 4 Total Bathrooms: z.so Location: Average/Good Sales Comparable 8 Front View Address: 1319 White Birch Lane Prox. to Subject: o.z MI wsw Saies Price: $ z4e,5oo Gross Living Area: 2294 Total Rooms: e Total Bedrooms: 3 Total Bathrooms: 2.50 lACati0n: Average/Gaod Farm produced by uNted Systems Software Canpany (B00) 969-6727 www.unltedsyslems.com B-H Agency Appraisal Services File No. 0300309 LOCATION MAP Borrower/Client NJA Address 1202 White Binh Lane Unlt No. N/A City tadisle County Cumberland State Pe Zip Code 17013 Lender/Client Estate of Clifford L Yinger fam produced 6y Unlted Systems Soaware Company (600) 969-8727 www.unltedsyslems.cam SCHEDULE B STOCKS AND BONDS ESTATE OF FILE NUMBER Clifford L Yin er 21-09-0211 All property jointly-owned with Right of Survivorship must be disclosed on Schedule F ITEM DESCRIPTION VALUE AT DATE NUMBER OF DEATH 1 I 1 shares RGA stock @ 34.38 per share $378.18 2 3.45 shares of Bank of American @ 6.185 per share $21.34 3 AMCAP Fund Inc. [AMCPX] 2,268.28 shares @ 11.52 $26,130.63 4 American Funds Cap Inc Buildr [CAIBX] 746.50 shares @ 38.94 $29,068.52 5 American Funds Cap Wld Gr & Inc A [CWGIX] 158.88 @ 24.10 $3,829.03 6 American Funds Cap Wld Bond A [CWBFX] 2,537.23 @ 18.20 $46,177.66 7 American Funds New Perspective A [SMCWX] 1,733.51 @ 17.73 $30,735.15 8 American Funds Small Cap Wld A [SMCWX] 947.70 @ 19.32 $18,309.62 9 BB&T Corp. [BBT] 1,428 @ 17.09 $24,404.52 10 Federal Realty Invt Tr Sh Ben Int New [FRT] 400 @ 48.83 $19,532.00 11 Hershey Co [HSY] 500 @ 35.80 $17,900.00 12 Orrstown Finl Svcs Inc Com [ORRF] 2,030 @ 26.78 $54,363.40 13 Washington Mutual Investors [AWSHX] 2,844.55 @ 19.45 $55,326.52 TOTAL (also online 2, Recapitulation) $326,176.57 ~,; Statement Clifford L Yinger 1202 White Birch Lane Carlisle, PA 17013 Bradley Gerlach Combined Account Portfolio Period: 01 /01 /2009-02/10!2009 Created: 03/20/2009 ., PA 717-240-0803 Holdings by Investor Clifford LYinger Acct Narne:CLIFFORD LYINGE R 65 S PIN OAK DR BOILING SPRGS PA 17007-9408 Acct No:4N2570964 Rep. No:OXK Asset Name Ticker Asset Type Mgt. Name AMCAP FUND INC AMCPX EQUITY AMERICAN FUNDS AMERICAN FUNDS CAP INC BUILD R CAIBX BLEND AMERICAN A FUNDS AMERICAN FUNDS CAP WLD CWGIX EQUITY AMERICAN GR&INC A FUNDS AMERICAN FUNDS CAP WORLD CWBFX FIXED INCOME AMERICAN BOND A FUNDS AMERICAN FUNDS NEW ANWPX EQUITY AMERICAN PERSPECTVE A FUNDS AMERICAN FUNDS SMALLCAP SMCWX EQUITY AMERICAN WORLD A FUNDS BB&T CORP COM BBT EQUITY BROKERAGE MONEY MARKET CASH OR BROKERAGE EQUIVALENTS MONEY MARKET Quantity 2,268.28 746.50 158.88 2,537.23 1,733.51 947.70 1,428.00 47,767.75 CASH CASH OR -47,700.00 EQUIVALENTS FEDERAL REALTY INVT TR SH BEN FRT REAL ESTATE :400.00 INT NEW HERSHEY CO COM HSY EQUITY 500.00 ORRSTOWN FINL SVCS INC COM ORRF EQUITY 2,030.00 WASHINGTON MUTUAL INVESTORS AWSHX EQUITY AMERICAN 2,844.55 FUNDS Acct Type:lndividual Price($) 11.52 38.94 24.10 18.20 17.73 19.32 17.09 1.00 Value($} 26,130.63 29,068.52 3,829.03 46,177.66 30,735.15 18,309.62 24,404.52 47.767.75 1.00 48.83 35.80 26.78 19.45 -47,700.00 19,532.00 17,900.00 54,363.40 55,326.52 Account Total: $325,844.80 Investor Total: $325,844.80 Incomplete if presented without accompanying disclosure page Page 1 of 4 SCHEDULE E CASH, BANK DEPOSITS AND MISCELLANIOUS PERSONAL PROPERTY ESTATE OF FILE NUMBER Clifford L Yin¢er 21-09-0211 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 DESCRIPTION VALUE AT DATE NUMBER OF DEATH 1 Miscellaneous personal property and furnishings [as per appraisal] $4,362.00 2 Smith Barney bank deposit program $501.26 3 Brokerage money market at Orrstown Bank acct 4N2570964 $67.75 4 Members 1st account: CD $12,533.13 Savings $64.29 TOTAL (also online 5, Recapitulation) $17,528.43 ESTATE APPRAISAL REPORT OF PERSONAL PROPERTY OF Clifford Yinger, deceased Date of Death: February 10, 2009 1202 White Birch Lane Carlisle, PA 17013 for: Robert Yinger, Executor 65 S. Pin Oak Dr. Boiling Springs, PA 17007 Taylor Andrews, Esq. 78 W. Pomfret St. Carlisle, PA 17013 AS OF: d.o.d. February 10, 2009 Reported on March 13, 2009 BY: ~ Ibis A raisa~ ~~ ~~ Services r¢S N. HanouerS~ P.O. Box 2¢ Carls~e PA r~or3 (717) 243-3474 info@ibisapptaisals. com www.ibisappraisals.cnm TABLE OF CONTENTS Table of Contents 2 Appraisal Certificate 3 Appraisal Summary 4 Photograph & CD-ROM Instructions 5 Personal Property Listing 6 Appraisal Summary (Copy) 15 References 16 Privacy Notice 17 Statement of Qualifications 18 Assumptions and Limiting Conditions 19 2 APPRAISAL CERTIFICATE I hereby certify that, upon the request for the estate appraisal of the personal property of Clifford Yinger, deceased, 1202 White Birch Lane Carlisle, PA 17013, I have personally and physically inspected the listed personal property. The personal property was appraised to determine the FAIR MARKET VALUE, AS OF d.o.d. February 10, 2009 & reported on March 13, 2009. The date of inspection was March 7, 2009. The information and values contained in this report are based upon my experience as an appraiser and other reliable sources. The personal property was found to be in GOOD to EXCELLENT condition, unless otherwise noted. Values are reported piece-by-piece, and/or as a whole. All values reported have been determined with consideration to the condition of the item, market conditions, and salability factors. pis A~rvaisa~ l~ssd L. I~o~.e~, Director 3 APPRAISALS Y It is in my opinion, that as of d.o.d February, 10, 2009, the Fair Market Value of the personal property of Clifford Yinger, deceased, 1202 White Birch Lane Carlisle, PA 17013: (Four Thousand Three Hundred Sixty Two Dollars and Zero Cents) ($4,362.00) -is A ~aisa~ C.A. -ivector The report must be read in its entirety. The Appraisal Summary ONLY is not the appraisal report 4 Personal Property Listing 1 Chair. Modern twentieth century plush chair. $35.00 Corresponding Digital Photograph File: img 0388 jpg ~~ 2 Sofas. Two modern twentieth century plush $75.00 ~i _ sofas. ~ ~ Corresponding Digital Photograph File: ~~= ~ - img 0389 jpg ;,. ~, 3 .; Paintin .Oil on board. Twentieth century. $20.00 ''.' Subject: Snowy trees & pond. Family artist: B. ~~' :. r:; ~' Davis. Corresponding Digital Photograph File: L img 0390 jpg 4 ~"_~- Prints. Selection of framed modern twentieth $15.00 ~ h - century prints. ~- ~ Corresponding Digital Photograph File: img 0391 jpg ~- .. ~4 ~ ~- ' ; 6 5 Paintin .Oil on canvas. Twentieth century $30.00 ~~~ sofa painting. Subject: Poppy floral still-life. ~ . = r Artist: Alex. pc xx ~- - Corresponding Digital Photograph File: _ "`'` img 0392 jpg 6 ~~` ~ Lamas. Two modern twentieth century table $10.00 lamps. Corresponding Digital Photograph File: img 0393 jpg '7 Chair & Ottoman. Modern twentieth century $65.00 leather chair and matching ottoman. Corresponding Digital Photograph File: img 0394 jpg g O_ roan. Modern twentieth century Lowrey $95.00 `' electric organ and bench. Corresponding Digital Photograph File: img 0399 jpg 9 , . ' `'r ~'~ Painting. Oil on canvas. Modern twentieth $40.00 r century framed painting. Subject: Spring field. '~_ .~ Artist: A. Hovilla. Corresponding Digital Photograph File: img 0395 jpg 10 LivingRoom Suite. Mid-century modem $300.00 - . ' twentieth century blonde coffee table with spinning top and two end tables. Maker: --¢ ~~.~r Heywood Wakefield. - Corresponding Digital Photograph Files: -` ~~ u~ im 0397 & im 0401. ' 11 Dining Room Suite. Mid-century modem $1,800.00 twentieth century blonde dining room suite with buffet, server, dining table and six chairs. Maker: Heywood Wakefield. Corresponding Digital Photograph File: img 04Q2 jpg 12 - Glasses. Six sterling silver glass bases: sherbet, $75.00 -" ~ ~ champagne. Corresponding Digital Photograph File: "" . img 0403 jpg ~ ~: 13 f: - Hummel. Hummel Goebel. Title: Serenade. 3". $45.00 ' '~~~' ` r` Corresponding Digital Photograph File: -~:. img 0404 jpg ~ ~~~ 14 j:" Hummel. Hummel Goebel Title: Trumpet Boy. $53.00 ~~ 4» Corresponding Digital Photograph File: -~;c- - - - ~ img 0404JPg -- ;~'a~, 15 f Hummel. Hummel Goebel Title: Accordion $35.00 ~ ; ' ~:: , f Boy. 4". - Corresponding Digital Photograph File: . ;r , _~ img 0404:IPg .._i ~ . 16 .F` - Hummel. Hummel Goebel. Title: Band Leader. $75.00 5» Corresponding Digital Photograph File: :~ ,~~: .V.~ img 0404JPg 17 Barware. The Capri Stainless & Kalmar $30.00 barware. lg ,, ~ Biscuit Tar. Wedgwood clear crystal biscuit jar $10.00 ~ ~- q with lid. Corresponding Digital Photograph File: , ,. i img 0405JPg 19 Bowl. Ceramic Indian Native American bowl. $5.00 Maker: Pinto. Dated: 1993. "~ Corresponding Digital Photograph File: img 0406 jpg ~. ~~~~ --- _ ~~ 20 Recliner. Modern twentieth century recliner. $35.00 Corresponding Digital Photograph File: img 0407 jpg $` :~:- 00 $45 21 °.;' Chair & Ottoman. Modern twentieth century . . ~~ ~~ Eames-style reproduction chair with ottoman. : ` ~ " ~ ~tF~°°~' ~ ~ ~ Corresponding Digital Photograph File: r ~ ~ ' ' img 04081Pg }` 22 ~""` Television. Sony Trinitron television. $45.00 Corresponding Digital Photograph File: img 0409 jpg 23 Bookcase. Modern twentieth century $35.00 bookcase. Corresponding Digital Photograph File: img 0410 jpg ~'~° ~_ - 24 Stereo. Modern twentieth century stereo with $5.00 turn table. Corresponding Digital Photograph File: img 0411 jpg 25 PaQerweight. 1977 millefiori paperweight. $50.00 Q ~~ Corresponding Digital Photograph File: :~ s4. ._c' ,c ~ r - img 0412JPg : . r: _; ~ ;y ~ ~ ~} ~ ~~~ ~ n 10 26 . °~~~. Paperweight. Perthshire Scotland millefiori $35.00 ~ ~~ ~ ~~ ~, ~.:~_ ~~ ~.. ~ , .~ ., ~ • paperweight. Corresponding Digital Photograph File: : ' img 0413 jpg ~ t: ,~ * ~ .c-- . #.. 27 Kitchenette Set. Mid-century modern twentieth $40.00 ~~ ~ . century kitchenette table and two chairs. ,~„~ ~, ~~ Corresponding Digital Photograph File: img 0414 jpg 28 y Floor Lamps. Three modern twentieth century $24.00 floor lamps. Corresponding Digital Photograph File: img 0396 jpg ~' 1;: ~- , 29 China. Mid-century modern twentieth century $20.00 Corelle china. Corresponding Digital Photograph File: img 041 S jpg ~1 `~ ~, , 30 Mixer. Modern twentieth century Sunbeam $12.00 mixer. _ Corresponding Digital Photograph File: img 0416 jpg 11 31 Toaster. Modern twentieth century Black & $3.00 - Decker toaster. -- Corresponding Digital Photograph File: img 0417 jpg 32 Barware. Miscellaneous selection of glass $15.00 barware. '~' ~_ Corresponding Digital Photograph File: im 0418. ' 33 i+-~--- ---'` - Bedroom Suite. Mid-century modern twentieth $700.00 ~ ', - century bedroom suite. Suite includes king- size bed, chest with mirror, dresser and two bookcases. Maker: Heywood Wakefield. Corresponding Digital Photograph File: img 0419 jpg 34 Bedroom Suite. Mid-century modern twentieth $250.00 :~fl:~~= - century bedroom suite. Suite includes chest, chest, end table and two mirrors. Corresponding Digital Photograph File: im 0420. ' 35 "~ ~' ~ `' - ~ Desk. Modern twentieth century custom desk $75.00 i & chair. Corresponding Digital Photograph Fite: >~ img 0421 jpg 12 36 Recliner. Modern twentieth century plush $35.00 recliner. Corresponding Digital Photograph File: img 0422 jpg ~ ,,._..a -- 37 . ; Seed Spreader. Modern twentieth century $15.00 .. 6 ~~ F ~ ~ S~ Scots seed spreader. Corresponding Digital Photograph File: img 0423 jpg 38 Lawn Mower. Modern twentieth century Black $35.00 & Decker Flip-Over handle push lawn mower. Corresponding Digital Photograph File: img 0424 jpg 39 ~ Hedge Trimmer. Modern twentieth century $15.00 '' ~ '' ~ ' ~' ~ - Black & Decker hedge trimmer. '~'' "' `~' Corresponding Digital Photograph File: im 0425.' 40 Tools. Miscellaneous selection of modern $30.00 twentieth century tools. Corresponding Digital Photograph File: img 0426 jpg Z3 41 '~°~'~ ~` r~> a ,_~ ~ ,,~ __'. Gold Clubs. Tom Watson Titlist gold clubs. Corresponding Digital Photograph File: img 0428 jpg $30.00 i i i I ~ 42 ~` Inclinator. Older model GE inclinator. Corresponding Digital Photograph Files: img 0427 &img 0429 jpg $0.00 ~~ 43 Medical Bed. Newer model medical bed. $0.00 Total $4,362.00 14 APPRAISALS Y (COPY) It is in my opinion, that as of d.o.d February, 10, 2009, the Fair Market Value of the personal property of Clifford Yinger, deceased, 1202 White Birch Lane Carlisle, PA 17013: (Four Thousand Three Hundred Sixty Twa Dollars and Zero Cents) ($4,362.00) pis A praisa~ ,~~vices j C.A. Director The report must be read in its entirety. The Appraisal ,Summary ONLY is not the appraisal report. IS Appraisal References Alderfer's Auction. 501 Fairground Rd. Hatfield, PA 19440.215-393-3003. http://www.alderferfinearts.com/ Conestoga Auction Company. Inc. 768 Graystone Rd. Manheim, PA 17545. 717-898- 7284. http://www.conestogaauction.com/auctions/ eBay. http://www.ebay.com Elmer Murray Auctions. Richard P. Murray. 717-790-2240. http://vv~~vw. richardmurryauctioneer. com/ Gottshall, Jr., Roy Auctions. 113 Forge Rd. Boiling Springs, PA 17007. 717-258-6222. _Hershey. Dan Auctioneering Service. 3 Brown Rd. Shippensburg, PA 17257. 717-532- 4647. Hess Auctions. John M. Hess Auction Service, Inc. 1667 Cider Press Road Manheim, PA 17545. 717-664-5238. http://www.hess-auction.com/ F. Loney, C.A.P.P., L.P.I.2007. Personal Communication Ocker, Carl E. Auction. 4401 Philadelphia Ave. Chambersburg, PA 17201. 717-264- 6578. http://www.kennysauction.com/ Pook &Pook. 463 East Lancaster Ave. Downingtown, PA 19335.610-296-4040. http://www.pookandpook.com 16 PRIVACY NOTICE Pursuant to the Gramm-Leach-Billey Act of 1999, effective July 1, 2001, appraisers, along with all providers of personal financial services are now required by federal law to inform their clients of the policies of the firm with regard to the privacy of client nonpublic personal information. As professionals, we understand that your privacy is very important to you and are pleased to provide you with this information. In the course of performing appraisals, we may collect what is known as "nonpublic personal information" about you. This information is used to facilitate the services that we provide to you and may include the information provided to us by you directly or received by us from others with your authorization. We do not disclose any nonpublic personal information obtained in the course of our engagement with our clients to nonaffiliated third parties, except as necessary or as required by law. By way of example, a necessary disclosure would be to our independent contractors, and in certain situations, to unrelated third party consultants who need to know that information to assist us in providing appraisal services to you. All of our independent contractors and any third party consultants we engage are informed that any information they see as part of an appraisal assignment is to be maintained by strict confidence within the firm. A disclosure required by law would be a disclosure by us that is ordered by a court of competent jurisdiction with regard to a legal action to which you are a party. We will retain records relating to professional services that we have provided to you for a reasonable time so that we are better able to assist you with your needs. In order to protect your nonpublic personal information from unauthorized access by third parties, we maintain physical, electronic, and procedural safeguards that comply with our professional standards to insure the security and integrity of your information. 17 Statement of Qualifications Alyssa L. Loney, C.A. Presently Director and Founder of Ibis Appraisal Services. Member of Institute of Appraisal of Personal Property, American Society of Appraisers, International Society of Appraisers, and Professional Coin Grading Service. Professional Designations and Certifications ISA Course Com lep tions - Core Course in Appraisal Studies -Antiques & Residential Contents USPAP - Uniform Standards of Professional Appraisal Practice C.A. -Certified Appraiser of Personal Property designation earned through course work and classes provided by the Institute of Appraisal of Personal Property. Archaeological Resources Protection Act Course -Archaeological Resources Protection Act of 1979, National Historic Preservation Act of 1966, the Native American Graves Protection and Repatriation Act and the American Antiquities Act of 1906. Professional Accomplishments ~ State Historical and Underwater Archaeologist for the State of Louisiana. ~ Attended the Conservation of Indian Artifacts Symposium sponsored by the Smithsonian Institution and the Tunica-Biloxi Indian Reservation, Marksville, Louisiana. ~ Director of the West Virginia University Historical Costume Museum. ~ Research Archaeologist/ Artifact Instructor for CADW (Welsh Historic Monuments)/ University of York, England. ~ Research and Preservation Specialist for the Maryland Historical Trust. ~ Presented and published works for national and international organizations including the Society for Historical Archaeology, Middle-Atlantic Archaeology Conference, Southeastern Archaeological Conference, Louisiana Archaeological Society, and the Maryland Historical Trust. Education B.Sc. Historical Textiles and Clothing, 1992, West Virginia University, Morgantown, West Virginia, United States. M.A. Medieval Archaeology, 1995, University of York, York, England. C.A.P.P. Certified Appraiser of Personal Property, 2001, Institute of Appraisal of Personal Property, York, Pennsylvania, United States. A.R.P.A. Certified to conduct investigations and damage assessment that pertains to violations of the United States federal, state, and local laws pertaining to archaeological sites and cultural properties. S.B.D.C. First Step Entrepreneurial Series, 2001, Kutztown University of Pennsylvania, Small Business Development Center. Conducts extensive on-site appraisals, assessments, analyses, and authentication of personal and cultural property. Operates on local, national, and international levels. Conducts research on all objects considered personal and cultural property. 18 Assumptions and Limiting Conditions The term "Fair Market Value", as used in this report, is defined as follows: The highest price an item would bring if the sale occurred under normal market conditions providing 1. neither the buyer or seller is acting under duress, 2. the property has been exposed on the open market for a reasonable length of time, 3. both the buyer and the seller are aware of the potential assets and defects, 4. no unusual circumstances are present. This appraisal was based upon the following assumptions, limitations, and conditions: 1. The information contained in this report was gathered from sources considered reliable, personal examination, research of authenticity and comparable sales and/or auction prices. 2. No responsibility is assumed for matters that are legal in nature, including, but not limited to: the representation of others concerning the value, authenticity, condition, origin, or provenance of an item appraised. 3. The appraiser assumed that a normal and careful examination of the property was sufficient to determine its quality and condition and that no extraordinary examination procedures were to be utilized, unless these were specially requested and the expenditure of funds therefore authorized. 4. The appraiser's court attendance and expert testimony report, if required, are not included as part of this report. The appraiser does have the right to refuse testimony. THE UNDERSIGNED HEREBY CERTIFIES; 1. That I have no interest now, nor have I had an interest in the past, nor shall I contemplate an interest in the future, in the property covered by this appraisal. 2. That to the best of my knowledge and belief, all statements and information included in this appraisal are true and based upon objective findings and that no pertinent information has been knowingly withheld or deleted in this report. 3. That neither the employment to make this appraisal or compensation for doing so is contingent upon the value of the property. It is the firm belief of the appraiser that the information furnished in this appraisal report and the conclusions drawn from this information are true and correct, but they are not guaranteed. -is ~.~praisa~ C.A. Director 19 SCHEDULE G TRANSFERS ESTATE OF Clifford L. Yinger FILE NUMBER 21-09-0211 This schedule to be completed and filed if the answer of the question on the reverse of the cover is ves. ITEM NUMBER DESCRIPTION OF PROPERTY INCLUDE THE NAME OF THE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. TOTAL VALUE OF ASSET DECD.% INT EXCLUSION (if applicable) TAXABLE VALUE PSECU accounts made joint with Robert L. Yinger (son) on 10/22/2008 [acct # 8607xxxxxx]: 1 Regulaz shares $106.46 50.0% $106.46 2 Checking $4,245.40 50.0% $4,245.40 3 Money Market $10,866.33 50.0% $3,000.00 $7,866.33 4 12 month IRA certificate $7,263.16 50.0% $7,263.16 [letter report from PSECU attached] Investments at Smith Barney acct 73H-01194-17 transferred to Robert L. Yinger and Lois J. Yinger (son and daughter-in-law) on 10/03/2008: 5 199.77 shazes of Bank of America @ 6.185 $1,235.58 0.0% $1,235.58 6 151.8303 shares of Duke Energy Corp @ 15.38 $2,335.91 0.0% $2,335.91 7 40,000 of Federal Home Loan Mtg Corp $40,000 0.0% $40,000.00 notes dated 04/27/2006 due 04/15/2027 rate 6.250 8 20,000 of Federal Nat'l Mtg Assn I $21,050.00 0.0% $21,050.00 glbl bk entry dtd 01/14/2000 due 01/15/2010 rt 7.250 @ 105.25 9 14,000 of Federal Nat'l Mtg Assn $13,724.34 0.0% $13,724.34 glbl bk entry dtd 01/30/2003 due 01/30/2023 rt 5.550 @ 98.031 10 327.3282 shares Hershey Company @ 36.175 $11,841.10 0.0% $3,000.00 $8,841.10 11 75.7497 shazes of Spectra Energy Corp @ 14.745 $1,116.93 0.0% $1,116.93 12 25,000 Texas St Dept Hsg & Cmnty affairs $23,490.75 0.0% $23,490.75 SFM Rev Ser A Amt MBIA B/E DD 6/1/02 F/C 3/1/03 due 03/01/2034 rate 5.550 @ 93.963 13 cash in account I $3,322.00 0.0% $3,322.00 14 Annuity with Midland National Life Insurance Co $36,827.68 100.0% $36,827.68 payable to Robert Yinger (son) I S Annuity with Midland National Life Insurance Co $36,827.68 100.0% $36,827.68 payable to Lois Yinger (daughter in law) 16 Funds transferred from decedent's PSECU acct $30,000.00 0.0% $30,000.00 to Robert L. Yinger on Oct. 1, 2008 17 Annuity contract with MetLife from orothy K $2,077.04 100.0% $2,077.04 i Yinger #000823256RB 18 Symetra annuity contract AA0778711 $6,264.84 100.0% $6,264.84 19 Cash transferred to Robert L. Yinger on 10/8/08 $3,087.12 0.0% $3,087.12 '1'U"1'AL (also on line 7, Recapitulation) $249,682.30 PSEC~ TAYLOR P. ANDREWS 78 WEST POMFRET ST CARLISLE, PA 17013 Dear MR. ANDREWS: March 24, 2009 Account # 8607XXXXXX The following is the status of CLIFFORD L. YINGER's account with PSECU as of the date of death. Joint Owner's Name ROBERT L. YINGER ADDED 10.22.2008 AS JOINT TENANT W/ROS Date of Death 02.10.2009 Date of Birth 11.11.1920 Share Description Open date Balance Accrued Dividend S O1 Regular Shares 10.26.2007 $ 106.46 $0.02 S 04 Checking 10.26.2007 4,245.40 0.09 S 07 Money Market 10.26.2007 10,866.33 4.81 C50 12 Month IRA Certificate* 02.12.2008 7,263.16 7.56 *Robert L. Yinger -designated IRA beneficiary Loan Description L 09 VISA Open Date Balance Accrued Interest 12.04.2007 $ 0.00 $0.00 The dividend earned from January 1, 2009 through the date of death was $24.56. We do not have safe deposit boxes for our members. If you have any questions, please ca11234-8484 in Harrisburg or our toll-free number, (800) 237- 7328. At the menu prompt, enter 6 and then extension 2227. Sincerely, ~/ Meacie Fairfax Member Service Representative Finance Support Unit Pennsylvania State Employees Credit Union Main Address 1 Credit Union Place, Harrisburg, PA 1 71 1 0-2990 • 717.234.8484 800.237.7328 ~ Mailing Address P.O. Box 67013 Harrisburg, PA 17106-7013 717.777.2100 (TDD) • 800.472.1967 (TDD) _ ... This credit union is federally insured by the National CrediT Union Administration. Equal Opportunity Lender www.psecu.com I I m h N I v ~ ,~ I I o ~a In CJ 7 i I iHH ~ O ~ 1 rh cff~ 1h I I I I I V N ~ N M O 1 h I a. 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Box 10342 Des Manes IA 50306-0342 MetLife April 30, 2009 ROBERT YINGER 65 S PIN AOK DR BOEING SPRINGS PA 17007-9408 RE: METROPOLITAN LIFE INSURANCE COMPANY CONTRACT 000823256RB OWNER DOROTHY K YINGER Dear Mr Robert L Yinger: This letter is in response to your inquiry on the above referenced contract. Our records show at the death of Clifford L Yinger (February 10, 2009) the value of the contract was $2,077.04 If you have any questions, please contact your representative or call our Customer Service Center at 1-800-635-7775 Monday through Friday between 9;00 a.rn. and 6:00 p.m., ET. Sincerely, Lillian Peterson Annuity Representative -Post Issue Processing MetLife Annuity Operations and Services SYMETRA LIFE INSURANCE COMPANY INCOME ANNUITIES PO BOX 34690 SEATTLE, WA 98124-1690 000826 DOROTHY K YINGER , 1202 WHITE BIRCH LANE CARLISLE PA 17013 ~m~~~n~~,~nnn~~u~~u~~~n~~~~~i~nni~~~~nn~~~~~u~i) SYMiTRA. FINANCIAL CONTRACT NUMBER: AA077871 I CONTRACT TYPE: QUALIFIED CONTRACT EFFECTIVE DATE: Ul/30/2006 Page 1 of 1 ANNUALSTATEMENT 01/01/2008 THROUGH 12/31/2008 OWNER: DOROTHY K YINGER CONTRACT SUNIlVIARY: Annuitization FAIR MARKET VALUE: $6;264.84 The annuity payment schedule may not be altered. Your contract has no cash surrender value or loan value. Important: If you find any errors or omissions relating to your contract., please notify Symetra Life Insurance Companti~ within 30 days after receiving itus statement. If you do not notify us, you agree Il~at the statement. is correct. This information is being furnished to the Internal Revenue Service; HOW TO CONTACT US Telephone: 1-800-796-3872 Ext 23038 Benefit Services Mon -Fri, 7:00 AM to 4:30 PM Pacific Time TTlITY 1-800-833-6388 Hearing Impaired E-Mail: INSPIA@symetra.com Statement inquiries LIA 85 8/08 SymetraSM and Symetra Financial Logo are service marks of Symetra Life Insurance Comparry. SCHEDULE H FUNERAL EXPENSES, ADMINISTRATIVE COSTS AND MISCELLANEOUS EXPENSES ESTATE OF FILE NUMBER Clifford L. Yinger 21-09-0211 Debts of decedent must be reported on Schedule I. ITEM DESCRIPTION NUMBER A. Funeral Expenses: 1 Ronan Funeral Home 2 Minister, organist, reception B. Administrative Costs: 1 Personal Representive Commissions Name of Personal Representative(s) Social Security Number of Personal Representative: Street Address: City: State: Zip: Year(s) commissions paid: 2 Attorney fees to Andrews & Johnson 3 Family Exemption Claimant Street: City: State & Zip Relationship of Claimant to Decedent: 4 Probate Fees to Register of Wills 5 Accountant Fees to Patricia Rosendale, CPA 6 Tax Return Preparer's Fees [decedent's return for 2008] 7 Property related expenses: 8 PP&L 9 UGI 10 Pest control 11 Water/sewer 12 Insurance 13 Homeowners Assoc. Pure Springs construction -painting 14 Real estate appraisal 15 Personal property appraisal 16 17 18 19 TOTAL (also online 9, Recapitulation) AMOUNT $4,059.67 $727.09 $5,000.00 $553.00 $250.00 $120.00 $192.20 $267.67 $67.84 $62.25 $421.00 $180.00 $129.30 $325.00 $270.00 $12,625.02 SCHEDULEI DEBTS OF DECEDENT MORTGAGE LIABILITIES AND LIENS ESTATE OF FILE NUMBER Clifford L. Yinger 21-09-0211 Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses. TOTAL (also on line 10, Recapitulation) $804.50 SCHEDULE J BENEFICIARIES ESTATE OF FILE NUMBER Clifford L. Yin er 21-09-0211 ITEM NAME AND ADDRESS OF BENEFICIARY RELATIONSHIP AMOUNT OR SHARE NUMBER Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS ]include outright spousal disvibutians, end vansfers under Sec. 91 I l,(e)(11)] 1 Robert L. Yinger Son 80% 65 S. Pin Oak Dr., Boiling Springs, PA 17007 2 David L. Yinger Grandson 10% 1542 Roundtop Rd., Lewisbetry, PA 17339 3 Michael R. Yinger 1202 White Birch Lane, Carlisle, PA 17013 Grandson 10% II NON-TAXABLE DISTRIBUTIONS: A SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE Charitable and Goventmental Bequests: TOTAL CHARITABLE AND GOVERNMENTAL BEQUESTS (also enter on line 13, Recapitulation) $0 LAST WILL AND TESTAMENT QF CLIFFORD L. YINGER I, CLIFFORD L. YINGER, of 1202 White Birch Lane, Carlisle, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do make, publish and declare this to be my Last Will and Testament, hereby revoking and making void all previous Wills and Codicils heretofore made by me. FIRST I order and direct my personal representative hereinafter named to pay all expenses of my. last illness, just debts, funeral expenses and expenses involved or connected with the administration of my estate as soon after my death as is reasonably possible. However, my personal representative need not accelerate and pay those unmatured obligations which, in his, her or its opinion, it might be proper and more advantageous to retain or renew and pay as they become due and payable. I order and direct my personal representative hereinafter named to have my remains cremated and then to deposit the ashes on the grounds of the Second Presbyterian Church in Carlisle in the same manner and at the same location where my wife's cremains were deposited in the earth and not in a ' ,.~ container. SECOND I give, devise and bequeath my entire estate, together with all insurance proceeds thereon of whatever nature and wheresoever situated, per stirpes, to those that survive me by sixty (60) days as follows: 1. to my son, ROBERT L. YINGER, eighty percent (80%). 2. to my grandson, DAVID L. YINGER, ten (10%). Page 1 of 8 3. to my grandson, NIICHAEL R. YINGER, ten (10%). THIRD I give, devise and bequeath the rest, residue and remainder of my estate, together with all insurance proceeds thereon of whatever nature and wheresoever situated per stirpes, to those that survive me by sixty (60) days as follows: 1. to my son, ROBERT L. YINGER, eighty percent (80%). 2. to my grandson, DAVID L. YINGER, ten (10%). 3. to niy grandson, NIICHAEL R. YINGER, ten (10%). FOURTH Any item that is not distributed pursuant to the previously stated distribution scheme shall be distributed according to the discretion of my personal representative, after consultation with any heir or heirs of mine who survive me, and my personal representative shall choose such articles from my tangible personal property (exclusive of cash, stock certificates, bonds, and all other tangible evidences of intangible personal property) as he, she or it believes will be useful to such heir or heirs or desirable for him or her or them to have, either from a sentimental point of view or otherwise, and to deliver such articles to such heir or heirs or among such heirs in equal or unequal shares as determined by the further exercise of his, her or its discretion, provided no other heir objects to the distribution. If the said beneficiaries do not agree to the division of the personal property provided for hereunder, the decision of my personal representative shall be final and conclusive on all parties. All tangible personal property not so distributed is to be sold, either publicly or privately, by my personal representative, adding the proceeds of such sale or sales to my f Page 2 of 8 residuary estate and to be disposed of among my surviving heirs in the proportionate shares previously stated herein, after payment of my estate debts, taking into account the tangible personal property otherwise provided to them. FIFTH Any devise or distribution under this Last Will and Testament which is payable to any beneficiary who maybe under twenty-one (21) years of age or, in the judgment of my personal representative, mentally disabled, shall be held in a separate trust by my grandson, DAVID L. YINGER, as trustee until such beneficiary(s) reaches twenty-one (21) years of age or during such period of disability. In the event that my grandson, DAVID L. YINGER, is unwilling or unable to perform the duties of Trustee, then I appoint my son, ROBERT L. YINGER to perform the duties of Trustee. So long as any beneficiary(s) is under the age of twenty-one (21) years of age, or mentally disabled, the net income of his or her Trust shall be paid to, or applied for the benefit of said beneficiary(s) at such times and such amounts that the Trustee shall in his or her discretion deem necessary for the health, education, support, or maintenance of said beneficiary(s). Education shall ~~ be defined broadly to include not only that available in college, but also trade school and other similar training. In the event that the income shall be insufficient to provide said beneficiary with adequate health, education, support, or maintenance, the Trustee may invade the principal of this Trust for this purpose. SIXTH I grant my personal representative the following powers in addition to and not in limitation of such powers as my personal representative shall hold by law: Page 3 of 8 (a) To retain all property received including the stock of any corporate fiduciary acting hereunder, provided such property remains productive. (b) To join in any corporation, partnership, recapitalization, merger, reorganization or voting trust plan; to delegate authority with respect thereto; to deposit investments under agreements and pay assessments; and generally to exercise all rights of investors, including but not limited to, the voting of shares. (c) To manage, operate, repair, improve, mortgage or lease on any terms any real estate held or owned by my estate. (d) To operate any business that I may own at my death. (e) To invest any funds of my estate in any stocks, bonds, notes or other securities or property, real or personal, without regard to the principle of diversification or any other statute or general rule of law in his, her or its absolute discretion, it being my intention to give my personal representative the broadest investment powers possible, providing such investments do not unnecessarily prevent the prompt settlement of my estate. (f) To sell or otherwise dispose of any property, real or personal, tangible or intangible, at any time forming a part of my estate in any manner and on such terms and conditions as my personal representative shall see fit in his, her or its absolute discretion. (g) To borrow money for the payment of taxes or for any other proper purposes in the administration of my estate, and to mortgage or pledge estate assets as security. (h) To compromise claims without court approval including, but not limited to, any controversies with the United States of America or the Commonwealth of f Page 4 of 8 Pennsylvania concerning estate and inheritance taxes on any interests that may pass under this my Last Will and Testament. (i) To distribute in cash or in kind upon any division or distribution of my estate. (j) To undertake any and all acts deemed necessary and proper by my personal representative for the proper, advantageous and prompt management of the settlement of my estate. (k) In general, to exercise all powers in the management of my estate which any individual could exercise in the management of similar property owned in his own right, upon such terms and conditions as to him, her or it may seem best and to execute and deliver all instruments and to do all acts which he, she or it deems necessary or proper to carry out the purposes of this, my Last Will and Testament. SEVENTH No interest of any beneficiazy of my estate, either in income or in principal, shall be subject to anticipation or pledge, assignment, sale or transfer in any manner, nor shall any beneficiary have the power in any manner to chazge or encumber his interest either in income or principal, nor shall the interest of any beneficiary, while in the possession of my personal representative, be subject to liability for such beneficiary. EIGHTH I nominate, constitute and appoint my son, ROBERT L. YINGER as Personal Representative of this my Last Will and Testament. In the event my son is deceased, unable or unwilling to serve or shall cease to serve for any reason whatsoever, then I nominate, constitute and appoint my grandson, DAVID L. YINGER, as Personal Representative of this my Last Will and Page 5 of 8 Testament. In the event that my grandson is deceased, unable or unwilling to serve or shall cease to serve for any reason whatsoever, then I nominate, constitute and appoint my daughter-in-law, LOIS YINGER, as Personal Representative of this my Last Will and Testament. I direct that my Personal Representative shall not be required to give or post bond for the faithful performance of his, her or its duties in this or any other jurisdiction. NINTH I hereby declare it to be my expressed desire that my personal representative employ the law firm of Stephanie E. Chertok, Esquire, of Cumberland County, Pennsylvania, for legal advice and assistance regarding this my Last Will and Testament, they having considerable knowledge of my affairs, views and wishes respecting any matters that may arise at the probate of this instrument, the administration of my estate, and~the execution of the powers~herein mentioned. IN WITNESS WHEREOF, I have hereunto set my hand to this my Last Will and Testament ~~ this day of , 2008. WITNESS: CLIFFORD L. YINGER Page 6 of 8 ACKNOWLEDGMENT COMMONWEALTH OF PENNSYLVANIA SS COUNTY OF CUMBERLAND I, CLIFFORD L. YINGER, the testator whose name is signed to the attached or foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed and executed the instrument as my Last Will and Testament; that I signed it willingly, and that I signed it as my free and voluntary act for the purposes therein expressed. CLIFFORD L. YINGER Sworn or affirmed and acknowledged before me by CLIFFORD L. YINGER, the testator, ' this S day of 2008. f ~. N07a,RlAL SQL STEPf-lglytE F CH;_P,TOK. 9V~taiy Fauul;c C.arlis4~ Boro, Cumi,,eriand County ~y Corrimissian Expires March 24 201 i Page 7 of 8 AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA SS COUNTY OF CUMBERLAND We, C ~ ~.~nl'IS Y~f and~n ~'t~e,~e~- ,the witnesses whose names are attached to the foregoing document, being duly qualified according to law, do depose and say that we were present and saw testator sign and execute the instrument as his Last Will and Testament; that he signed willingly and that he executed it as his free and voluntary act for the purposes therein expressed; that each subscribing witness in the hearing and sight of the testator signed the Last Will and Testament as witnesses and that to the best of our lrnowledge, the testator was at the time 18 or more years of age, of sound mind and under no constraint or undue influence. •'~~ v Sworn or affirmed and subscribed before me by J0.11 ~ ~~u' ~e~l ~~'. and -~Y~ ~YI¢~ ~llo7.a- this ~ day of v. , 2008. lV~ ~L~,L ~lE E ~Hi`RTQK ~Jc~~~ ~3~s'i~: ~r}is8e t3orc, Ci~m3~erd~3r~d Cau~ry ~~y Commis~iun Expires March Z4 20 f ) Page 8 of 8