HomeMy WebLinkAbout06-24-091505607121
REV-1500 EX (06-05) OFFICIAL USE ONLY
PA Department of Revenue
Bureau of Individual Taxes County Code Year File Number
Po sox 28oso1 INHERITANCE TAX RETURN 2 1 0 9 0 0 4 2 3
Harrisburg, PA 17128-0601 RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death Date of Birth
2 0 4 0 3 5 9 4 0 0 3 2 6 2 0 0 9 0 8 2 5 1 9 2 0
Decedent's Last Name Suffix Decedent's First Name MI
T O D D C R O B E R T
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name MI
T O D D O Z E L L A D
Spouse's Social Security Number
1 9 9 0 7 4 8 3 1 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
1. Original Return ~ 2. Supplemental Return ~ 3. Remainder Return (date of death
prior to 12-13-82)
4. Limited Estate 0 4a. Future Interest Compromise (date of ~ 5. Federal Estate Tax Return Required
death after 12-12-82)
OX 6. Decedent Died Testate ~ 7. Decedent Maintained a Living Trust 0 8. Total Number of Safe Deposit Boxes
(Attach Copy of Will) (Attach Copy of Trust)
9. Litigation Proceeds Received ~ 10. Spousal Poverty Credit (date of death ~ 11. Election to tax under Sec. 9113(A)
between 12-31-91 and 1-1-95) (Attach Sch. O)
CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytime Telephone Number
I V O V O T T O I I I 7 1 7 2 4 3 3 ~,,4 1
Firm Name (If Applicable) ~ ~~=~~ :'Vi'a
REGISTER LS USE f~NLY , -x ~.-T~
M A R T S O N L A W O F F I C E S ~ ~--~ ~ ~' ,
First line of address ~-. ~ r rr t`~ ~:~.-F ~~:~
1 0 E A S T H I G H S T R E E T ~~ ~~~ ~~ ..,~ ; r ~.
Second line of address ~ ~ ~ ~ '-~ -}
«:~..'
City or Post Office State ZIP Code DATE FILED Qr
C A R L I S L E P A 17 0 1 3
Correspondent's a-mail address: I O T T O a~ M A R T S O N L A W• C O M
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, Corr ct d co lete. De ration of preparer other than the personal representative is based on all information of which preparer has any knowledge.
SIGNAT F PE RE O ILI ETURN DATE
DDR S
95-270 WA ALANI DRIVE A-301 MILILANI HI 96789
SIGNA E O A HER THAN REPRESENTATIVE DATE
ADDRES Q
10 EAST HIGH STREET CARLISLE PA 17013
PLEASE USE ORIGINAL FORM ONLY
Side 1
1505607121 1505607121 J
Continuation of REV-1500 Inheritance Tax Return Resident Decedent
C ROBERT TODD 21 09 00423
Decedent's Name Page 1 File Number
Correspondents
Name
Firm Name (If Applicable)
First line of address
Second line of address
City or Post Office
Correspondent's a-mail address:
Daytime Telephone Number
State ZIP Code
Under nalties 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 co a nd complet eclara ' n of preparer other than the personal representative is based on all information of which preparer has any knowledge.
SIGNAT E OF E SON R ON I E FO IL G RETURN D TE
-I
ADDRESS
1 HILL STREET MT HOLLY SPRINGS PA 17065
J
1505607221
REV-1500 EX
Decedent's Social Security Num ber
Decedent's Name: C ROBERT TODD 2 0 4 0 3 5 9 4 0
RECAPITULATION
1. Real estate (Schedule A) ........................................ 1. •
2. Stocks and Bonds (Schedule B) .................................. 2. 1 7 0 2 5 2 6. 9 2
3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ..... 3. •
4. Mortgages & Notes Receivable (Schedule D) ........................ 4. •
5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ....... 5. 6 5 2 8 7 5. 3 4
6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ....... 6. 0 . 0 0
7. Inter-Vivos Transfers 8~ Miscellaneous N n-Probate Property
h
(S
d
l
G
~ 3 8 7 7 1 9 2 1
c
e
u
e
)
Separate Billing Requested ....... 7. .
8. Total Gross Assets (total Lines 1-7) ........................... 8. 2 7 4 3 1 2 1. 4 7
9. Funeral Expenses & Administrative Costs (Schedule H) ................ 9. 9 7 9 6 6 . 5 3
10. Debts of Decedent, Mort a e Liabilities, & Liens Schedule I
9 9 ( ) ..
........ 10.
.. 6 4 4 . 3 9
11. Total Deductions (total Lines 9 & 10) ......................... .. 11. 9 8 6 1 0 . 9 2
12. Net Value of Estate (Line 8 minus Line 11) ....................... .. 12. 2 6 4 4 5 1 0 • 5 5
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which
an election to tax has not been made (Schedule J) ......... ....... .. 13. 0 . 0 0
14. Net Value Subject to Tax (Line 12 minus Line 13) ................ .. 14. 2 6 4 4 5 1 0 . 5 5
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.ooo 5 9 7 1 3 0. 2 2 15. 0. 0 0
16. Amount of Line 14 taxable
at lineal rate x .045 2 0 4 7 3 8 0. 3 3 16. 9 2 1 3 2. 1 1
17. Amount of Line 14 taxable
at sibling rate X .12 0 0 0 17. 0. 0 0
18. Amount of Line 14 taxable
at collateral rate X .15 0 0 0 1 g. 0. 0 0
19. Tax Due ....................................... .........19. 9 2 1 3 2. 1 1
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ^
Side 2
1505607221 1505607221 J
REV-1500 EX Page 3
Decedent's Complete Address:
File Number
21 09 00423
DECEDENT'S NAME
C ROBERT TODD
STREET ADDRESS
1 LONGSDORF WAY
CITY
CARLISLE STATE
PA ZIP
17015
Tax Payments and Credits:
~ • Tax Due (Page 2 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Prior Payments 85,000.00
C. Discount 4,473.55
3. Interest/Penalty if applicable
D. Interest
E. Penalty
(1) 92,132.11
Total Credits (A + B + C) (2) 89,473.55
(3)
Total Interest/Penalty (D + E )
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.
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE.
A. Enter the interest on the tax due.
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
(5) 2 658.56
(5A)
(56) 2,658.56
Make Check Payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred : ...................................................................... ^ Q
b. retain the right to designate who shall use the property transferred or its income; ............................... ^ Q
c. retain a reversionary interest; or ................................................................................................ ^
d. receive the promise for life of either payments, benefits or care? ....................................................... ^ Q
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? ....................................................................................... ^ ^X
3. Did decedent own an 'intrust for' or payable upon death bank account or security at his or her death? ......... ^ Q
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? .................................................................................................. ^ X^
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse
is three (3) percent [72 P.S. §9116 (a) (1.1) (i)].
For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent
[72 P.S. §9116 (a) (1.1) (ii)J. The statute does not exemot 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 isdefined, under
Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption.
(4)
0.00
0.00
REV-1503 EX + (6-98)
SCHEDULE B
COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
C ROBERT TODD 21 09 00423
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. Securities in SmithBarney Account 724-12995 per attached valuation 1,702,526.92
TOTAL (Also enter on line 2, Recapitulation) I $ 1,702,526.92
(If more space is needed, insert additional sheets of the same size)
REV-1508 EX + (6-98)
SCHEDULE E
COMMONWEALTH OF PENNSYLVANIA CASH, BANK DEPOSITS, & MISC.
INHERITANCE TAX RETURN PERSONAL PROPERTY
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
C ROBERT TODD 21 09 00423
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property Jointly-owned with ri ht of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. Citibank NA SD Bank Deposit Program, Smith Barney Account 724-12995 44,204.06
2. American Home Bank, C.D. #0290004010, in trust for Charles R. Todd, III, William S. Todd and 250,169.91
Lisa Webber
3. American Home Bank, C.D. #0290004572 250,566.09
4. M&T Bank, C.D. #31003919231769 100,210.57
5. Highmark Blue Shield, premium refund 331.60
6. Conseco Senior Health Insurance Company, long-term care insurance reimbursement 7,393.11
TOTAL (Also enter on line 5, Recapitulation) I $ 652,875 34
(If more space is needed, insert additional sheets of the same size)
REV-1510 EX + (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
ESTATE OF FILE NUMBER
C ROBERT TODD _ 21 O9 OO42'~
This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes.
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.
DATE OF DEATH
VALUE OF ASSET
% OF DECD'S
INTEREST
EXCLUSION
(IF APPLICABLE)
TAXABLE
VALUE
1. M&T Bank, C.D. #31003919231743, made joint on 9/22/08 with 200,421.13 100. 3,000.00 197,421.13
Ozella D. Todd, spouse (transferred from account previously
owned jointly with spouse)
2 American Home Bank, Money Market #117145, made joint on 190,298.08 100. 190,298.08
5/20/08 with Ozella D. Todd, spouse (proceeds from sale of
real estate owned jointly with spouse)
TOTAL (Also enter on line 7 Recapitulation) I $ 387,719 21
(If more space is needed, insert additional sheets of the same size)
REV-1511 EX + (10-06)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
ESTATE OF FILE NUMBER
C ROBERT TODD 21 09 00423
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
1. Hoffman Roth Funeral Home, Carlisle, PA, funeral service 10,574.63
2. Westminster Cemetery, Carlisle, PA, monument inscription 170.00
3. Carlisle Country Club, Carlisle, PA, memorial service reception 836.40
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personal Representative (s) Charles R. Todd III
Street Address 95-270 Waikalani Drive, Apt. 301
City Mililani State HI Zip 96789
Year(s) Commission Paid: 2009-2010
2, Attorney Fees Martson Law Offices
3. Family Exemption: (If decedent's address is not the same as claimants, attach explanation)
Claimant Ozella D. Todd
Street Address 1 Longsdorf Way
City Carlisle State PA Zip 17015
Relationship of Claimant to Decedent Spouse
4• Probate Fees Register of Wills, Cumberland County
5. ~ Accountant's Fees
6. ~ Tax Return Preparer's Fees
30,000.00
20,000.00
3,500.00
1,007.00
7. Charles R. Todd III, air fare from Hawaii to handle funeral and estate administration 827.60
8. Register of Wills, Short Certificates 8.00
9. EVP Systems, stock valuation reports 27.90
10. Register of Wills, Filing fee, Inheritance Tax Return 15.00
11. Register of Wills, additional probate fee 500.00
12. Reserved for additional filing fees, investment fees, etc. 500.00
TOTAL (Also enter on line 9, Recapitulation) I $
(If more space is needed, insert additional sheets of the same size)
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
97,966.53
Continuation of REV-1500 Inheritance Tax Return Resident Decedent
C ROBERT TODD
Decedent's Name
Page 1
21 09 00423
File Number
Schedule H -Funeral Expenses & Administrative Costs - B1
ITEM
NUMBER DESCRIPTION AMOUNT
B. ADMINISTRATIVE COSTS:
Personal Representative's Commissions
Name of Personal Representative (s) William S. Todd 30,000.00
Street Address 1 Hill Street
C;ty Mt. Holly Springs State PA Zip 17065
Year(s) Commission Paid: 2009-2010
SUBTOTAL SCHEDULE H-B1 ~ 30,000.00
REV-1512 EX + (12-03)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
ESTATE OF
C ROBERT TODD
SCHEDULE(
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
FILE NUMBER
21 09 00423
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. Cumberland Goodwill EMS Medical Transport, account payable 81.75
2. I West Shore EMS-Carlisle, account payable ~ 66.93
3. I Watershed Urology, Carlisle, account payable ~ 135.00
4. (Cumberland Crossings Retirement Community, account payable ~ 358.76
5. I Continuing Care RX, account payable ~ 1.95
TOTAL (Also enter on line 10, Recapitulation) I $ 644 39
(If more space is needed, insert additional sheets of the same size)
REV-1513 EX + (g-00)
SCHEDULE J
COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
C ROBERT TODD ~ ~ no nnd~z
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE
I TAXABLE DISTRIBUTIONS [include outri ht spousal distributions, and transfers under
Sec. 9116 (a~ (1.2)]
1. Charles R. Todd III Lineal 83,389.97
95-270 Waikalani Drive A-301 Sch. E, Item 2
Mililani, HI 96789
2. William S. Todd Lineal 83,389.97
1 Hill Street Sch. E, Item 2
Mt. Holly Springs, PA 17065
3. Lisa Webber Lineal 83,389.97
53 Tanger Road Sch. E, Item 2
Boiling Springs, PA 17007
4. Ozella D. Todd Spousal 387,719.21
1 Longsdorf Way Sch. G, Items 1 & 2
Carlisle, PA 17015
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 T HROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
II. NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
1.
1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $
0.00
fir more space Is neeaed, insert additional sheets of the same size)
REV-1647 EX + (9-00)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
C. ROBERT TODD
SCHEDULE M
FUTURE INTEREST COMPROMISE
Box 4a on Rev-1500 Cover
FILE NUMBER
21 09 00423
This Schedule is appropriate only for estates of decedents dying after December 12,1982.
This schedule is to be used for all future interests where the rate of tax which will be applicable when the future interest vests in
possession and enjoyment cannot be established with certainty.
Indicate below the type of instrument which created the future interest and attach a copy to the tax return.
• Q Will ^ Trust ^ Other
I. Beneficiaries
NAME OF BENEFICIARY RELATIONSHIP DATE OF BIRTH AGE TO
NEAREST BIRTHDAY
~ • Ozella D. Todd Souse 1/3/20 89
2• Charles R. Todd III Son 4/15/44 65
3• William S. Todd Son 6/26/45 64
4.
III.
IV.
5.
II. For decedents dying on or after July 1, 1994, if a surviving spouse exercised or intends to exercise a right of withdrawal within
9 months of the decedent's death, check the appropriate block and attach a copy of the document in which the surviving spouse
exercises such withdrawal right.
^ Unlimited right of withdrawal ^ Limited right of withdrawal
txpf!anation of Compromise Offer:
DOD Value of Trust 2,006,621.43
Age of Life Tenant at nearest Birthday 89
Federal Section 7520 rate for March, 2009 2.40%
Remainder Factor 89.58% see footnote 1
Spousal Interest Factor 10.42%
Present Value of Spousal Interest 209,411.01
Remainder Value 1,797,210.42
Footnote 1: Federal Table S Single Life Remainder Factor -Life Interest Holder Age 89 and 2.40% Rate
Internal Revenue Service Temp. Reg. Sec. 20.2031-7T
7. Total value of Future Interest (sum of Lines 2 thru 6 must equal Line 1) ..................... $ 2,006,621.43
2. Value of Line 1 exempt from tax as amount passing to charities, etc.
(also include as part of total shown on Line 13 of Cover Sheet) ...... $ 0.00
3. Value of Line 1 passing to spouse at appropriate tax rate
Check One ^ 6%, ^ 3%, ^X 0% ................ $ 209,411.01
(also include as part of total shown on Line 15 of Cover Sheet)
4. Value of Line 1 taxable at lineal rate
Check One ^ 6%, XD 4.5% ...................... $ 1,797,210.42
(also include as part of total shown on Line 16 of Cover Sheet)
5. Value of Line 1 taxable at sibling rate (12%)
(also include as part of total shown on Line 17 of Cover Sheet) ...... $ 0.00
6. Value of Line 1 taxable at collateral rate (15%)
(also include as part of total shown on Line 18 of Cover Sheet) ...... $ 0.00
Summary of Compromise Offer:
1. Amount of Future Interest .................................................. $ 2,006,621.43
(If more space is needed, insert additional sheets of the same size)
REV-1649 EX + (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE O
ELECTION UNDER SEC. 9113(A)
(SPOUSAL DISTRIBUTIONS)
ESTATE OF FILE NUMBER
C ROBERT TODD 21 09 00423
Do not complete this schedule unless the estate is making the election to tax assets under Section 9113(A) of the Inheritance & Estate Tax Act.
If the election applies to more than one trust or similar arrangement, a separate form must be filed for each trust.
This election applies to the ~ r 5 e-1 d..'~ m fir' Trust (marital, residual A, B, By-pass, Unified Credit, etc.).
If a trust or similar arrangement meets the requirements of Section 9113(A), and:
a. The trust or similar arrangement is listed on Schedule 0, and
b. The value of the trust or similar arrangement is entered in whole or in part as an asset on Schedule 0,
then the transferor's personal representative may specifically identify the trust (all or a fractional portion or percentage) to be included in the election to have such trust or sim-
ilar property treated as a taxable transfer in this estate. If less than the entire value of the trust or similar property is included as a taxable transfer on Schedule 0, the personal
representative shall be considered to have made the election only as to a fraction of the trust or similar arrangement. The numerator of this fraction is equal to the amount of
the trust or similar arrangement included as a taxable asset on Schedule 0. The denominator is equal to the total value of the trust or similar arrangement.
Part A: Enter the descr~pt~on and value of all interests, both taxable and non-taxable, regardless of location, which pass to the decedent's
surviving spouse under a Section 9113 (A) trust or similar arrangement.
Description Value
Assets on Schedule B and E, except for Item 2, less deductions on Sch. H and I
2,006,621.43
Part A Total ~ $ 2,006,621.43
Part B: Enter the descri tion and value of all interests included in Part A for which the Section 9113 A election to tax is bein made.
Description Value
Same as Part A 2,006,621.43
Part B Total I $ 2,006,621 43
(If more space is needed, insert additional sheets of the same size)
Estate Valuation-SMITHBARNEY 12995
Date of Death: 03/26/2009
Valuation Date: 03/26/2009
Processing Date: 05/18/2009
Shares Security
or Par Description
Hiah/Ask T.~w/Ri r3
1) 800 AT&T INC (002068102; T)
COM
NYSE
03/26/2009
Estate of: C ROBERT TODD
Account: 4264.9
Report Type: Date of Death
Number of Securities: 17
File ID: 4264.9.SB
Mean and/or Div and Int Security
Adiustments Accruals vai„A
26.57000 25.60000 H/L
26.085000
20,868.00
2) 3250 ALTRIA GROUP INC (022095103; MO)
COM
NYSE
03/26/2009 17.39000 16.84000 H/L
17.115000 55,623.75
Div: 0.32 Ex: 03/12/2009 Rec: 03/16/2009 Pay: 04/10/2009 1,040.00
3) 6000 BP PLC (055622104; BP)
SPONSORED ADR
NYSE
03/26/2009 42.27000 41.30000 H/L
41.785000 250,710.00
4) 2000 BP PRUDHOE BAY RTY TR (055630107; BPT)
UNIT BEN INT
NYSE
03/26/2009 69.69510 67.58000 H/L
68.637550 137,275.10
5) 1000 BANK OF AMERICA CORPORATION (060505104; BAC)
COM
NYSE
03/26/2009 7.96000 7.14000 H/L
7.550000 7,550.00
Div: 0.01 Ex: 03/04/2009 Rec: 03/06/200 9 Pay: 03/27/2009 10.00
6) 2646 CHEVRON CORP NEW (166764100; CVX)
COM
NYSE
03/26/2009 70.92000 69.16000 H/L
70.040000 185,325.84
7) 6000 COCA COLA CO (191216100; KO)
COM
NYSE
03/26/2009 45.00000 43.82000 H/L
44.410000 266,460.00
Div: 0.41 Ex: 03/11/2009 Rec: 03/15/200 9 Pay: 04/01/2009 2,460.00
8) 3392 EXXON MOBIL CORP (302316102; XOM)
COM
NYSE
03/26/2009 71.49000 69.82000 H/L
70.655000 239,661.76
9) 2000 GENERAL ELECTRIC CO (369604103; GE)
COM
NYSE
03/26/2009 11.00000 10.65000 H/L
Div: 0.31 Ex: 02/19/2009 Rec: 02/23/2009 Pay: 04/27/2009 10.825000
620.00 21,650.00
10) 2000 JPMORGAN CHASE & CO (46625H100; JPM)
COM
NYSE
03/26/2009 29.60000 27.65000 H/L
28.625000 57,250.00
11) 1200 M & T BK CORP (55261F104; MTB)
COM
NYSE
03/26/2009 47.80000 45.54000 H/L
Div: 0.7 Ex: 02/25/2009 Rec: 02/27/2009
Pay: 03/31/2009 46.670000
840.00 56,004.00
Page 1
This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions,
please contact EVP Systems at (818) 313-6300. (Revision 6.4.1)
SCSI . ~i, S~ i ~~ ~z~
Date of Death: 03/26/2009 Estate of: C ROBERT TODD
Valuation Date: 03/26/2009 Account: 4264.9
Processing Date: 05/18/2009 Report Type: Date of Death
Number of Securities: 17
File ID: 4264.9.SB
Shares Security Mean and/or Div and Int Security
or Par Description High/Ask Low/Bid Adjustments Accruals Value
12) 3200 MICROSOFT CORP (594918104; MSFT)
COM
NASDAQ
03/26/2009 18.88000 18.12000 H/L
18.500000 59,200.00
13) 5300 PFIZER INC (717081103; PFE)
COM
NYSE
03/26/2009 14.62180 14.20000 H/L
14.410900 76,377.77
14) 4250 PHILIP MORRIS INTL INC (718172109; PM)
COM
NYSE
03/26/2009 38.84000 37.97000 H/L
38.405000 163,221.25
Div: 0.54 Ex: 03/23/2009 Rec: 03/25/2009 Pay: 04/09/2009 2,295.00
15) 1600 REYNOLDS AMERICAN INC (761713106; RAI)
COM
NYSE
03/26/2009 38.51000 37.07000 H/L
37.790000 60,464.00
Div: 0.85 Ex: 03/06/2009 Rec: 03/10/2009 Pay: 04/01/2009 1,360.00
16) 3268.138 NUVEEN EQUITY PREM INCOME FD (6706ER101; JPZ)
COM
NYSE
03/26/2009 9.90000 9.75000 H/L
9.825000 32,109.46
Div: 0.33 Ex: 03/11/2009 Rec: 03/15/2009 Pay: 04/01/2009 1,078.49
17) 500 SEAGATE TECHNOLOGY (G7945J104; STX)
SHS
NASDAQ
03/26/2009 6.56000 5.73000 H/L
6.145000 3,072.50
Total Value: $1,692,823.43
Total Accrual: $9,703.49
Total: $1,702,526.92
Page 2
This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions,
please contact EVP Systems at (818) 313-6300. (Revision 6.4.1)
6- ~ ~Z ~ z~
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A division of First National Bank of Chester County
May 5, 2009
Marston Law Offices
Corrine L. Myers
10 East High Street
Carlisle, PA 17013
RE: Estate of Robert C. Todd
American Home had several accounts on file for Mr. Todd. at the time of his death.
A Certificate of Deposit #0290004010 issued May 19, 2007 and due May l 9,2009, in the
amount of $250,000. This certificate is income producing so the interest was paid
monthly with $169.91 accrued as of March 26, 2009. On October 1, 2008, the title of
The certificate was changed from sole owner to Mr. Todd ITF Charles R. Todd .III,
scN- E,
='~m Z
William S. Todd and Lisa Webber.
A certificate of deposit #0290004572 issued October 3, 2007, and due October 3, 2009
in the amount of $250,000. This certificate is also income producing and monthl <~ - ~- ~
y ~~ 3
checks disbursed. The accrued interest was $566.09. This Certificate was in his name
only.
A checking account, 105376, joint in his and his wife, Ozella, names had a balance of
$14,230.74 and accrued ' ~ ~ ~
interest of $14.50. The account was opened on April 28,2003 .
A money market , 117145 joint in his and his wife names, had a balance of $190, 177.55.
There was $120.53 interest accrued . The acco ~C H ~ CT
unt had been opened on May 20,2008. ~~,~.~ -Z
No other accounts existed for Mr. Todd and the bank has no safe deposit boxes.
499 Mitchell Road, Millsboro, DE 19966 Mail Code DE-MB-I2
Manson Law Offices
Attn: Corrine L. Myers
10 East High Street
Carlisle, Pennsylvania 17013
Re: Est-ate o~ -~ Robert Todd
Social Security • 204-03-5940
Date of Death: 1Llarch 26 2009
Phone (888) 502-4349
Fax (302)934-2955
May 13, 2009
Dear Sir or Madam:
Per your inquiry dated May 4, 2009, please be advised that at the time of death, the above-named decedent had on d sit
with this bank the following: ~
1 • Type ofAccount Checking,4ccount
Account Number 1267469
Ownership (Names o,~ Ozella D Todd*
Opening Date
Balance on Date of Death
Accrued Interest
Total
2• Type ofAccount
Account Number
Ownership (Names o~
Opening Date
Balance on Date of Death
Accrued Interest
Total
C Robert Todd*
12/26/95 1 V
$11, 853.78
$ 0.10
$11,853.88 ~ ---~-----------------------------------
Certifrcate of~Jeposit
31003919231743 SG~ . ~ ~
Ozella D Todd* ~ ~,,,~ ~
CRobert Todd*
9/22/08
$ 200, 000. DO
$ 421.13
$ 200,421.13
3. Type ofAccount Certificate of Deposit
Account Number 31003919231769
Ownership (Names o,~ C Robert Todd*
Opening Date 9/22/08
Balance on Date of Death $100, 000.00
Accrued Interest $ 210.57
Total $100,210.57
4. Type ofAccount
Box Number/Location
Ownership (Names o,~
Opening Date
Safe Deposit Box
OON0028/ Stonehedge
Ozella D Todd*
C Robert Todd Co-owner
10/30/08
~C~'• ~ ~
~~r~ ~-
~~h
* If upon reviewing the information above, you believe there are additional accounts not referenced, please provide
us with an account number and/or name of any possible joint account holder. For any additional information on the
above accounts, including ownership and any changes, closures and/or reimbursement of funds, etc., please contact
our Stonehedge Office # 717-240-4524.
Sincerely,
/~
Tracie Hare
Adjustment Services
•
` F ~FILES~DATAFILE1Estate PlanningW264.2.h.wi11.2004
CRlGlNA~ RE7AlNED S":
lAW OFFICES
r~a¢~~.on lam. Ea~a~~~i~L~iam~. ~ ~~ '~~
A ~ROFESSIONAi. C~PORATl~r
'BEN EAST ~iIGH ~9'EtE °°
C,AR! ~SlE, PA ~ 7~
LAST WILL AND TESTAMENT ~~ rye,-~;~.~~.
I, C. ROBERT TODD, of South Middleton Township, Cumberland County, Pennsylvania,
being of sound and disposing mind and memory, do hereby make, publish and declare this to be my
Last Will and Testament, hereby revoking any and all former Wills or Codicils by me made.
ITEM ONE
I direct that all my legally enforceable debts, funeral expenses, testamentary expenses and
all inheritance taxes shall be paid to the extent possible from the assets held or passing under ITEM
SIX hereof as soon as practicable after my decease and as part of the administration of my estate.
ITEM TWO
In the event my wife shall predecease or fail to survive me by thirty (30) days, then I give
such items of personalty as are itemized in a certain list attached hereto to the persons named
thereon, which list is signed and dated by me at the end thereof.
ITEM.. THREE
I bequeath any automobiles or motor vehicles I may own at my death, my personal effects,
such household goods if any as maybe my individual property and not the property of my wife or
owned jointly by me with my wife, and other tangible personal property of like nature (not including
cash or securities), together with any existing insurance thereon, to my wife, OZELLA D. TODD,
providing she survives me by thirty (30) days. Should my wife predecease me or die on or before
the thirtieth day following my death, I bequeath such tangible personal property and insurance
thereon to such of my children as are living on the thirty-first day after my death, to be divided
between or among them with due regard for their personal preferences in as nearly equal shares as
practical and as they shall mutually agree. I direct that any of the foregoing articles not selected by
such children or about which there is no agreement shall be sold at public or private sale by my
personal representative(s), and I further direct that the net proceeds thereof shall be administered and
distributed as a part of the residue of my estate.
ITEM FOUR
If my wife, OZELLA D. TODD, is living thirty (30) days after my death, then I give, devise
[Initials)
Page 1 of 6 Pages
<~,~~C ~
and bequeath all of my estate, both real and personal property, unto my said wife, absolutely. If my
said wife does not so survive me, then I give, devise and bequeath all the rest, residue and remainder
of my estate, both real and personal property, unto my Trustees to be held or distributed by such
Trustees under ITEM SIX hereof.
ITEM FIVE
In the event my said wife shall disclaim all or any portion of any devise or bequest made to
my wife under the foregoing ITEM FOUR, then the amount otherwise payable shall be held by my
Trustees under ITEM SIX hereof. For purposes of the Trust established under ITEM SIX hereof,
my said wife shall not be deemed to have predeceased me by virtue of my said wife's exercise of the
right to disclaim set forth herein.
ITEM SIX
RESIDUARY AND DISCLAIMER TRUST
My Trustees shall hold the assets received under ITEMS FOUR and FIVE hereof, if any, for
the following purposes:
A. My Trustees shall pay the net income, at least quarter-annually, to my wife, OZELLA
D. TODD, for life. In addition, my Trustees, in my Trustees' sole discretion, may invade the
principal of the Trust for the proper and adequate support of my said wife.
B. In addition to the above provisions, my said wife shall have the power to direct my
Trustee to pay to her or to apply out of the principal of this Trust in each year, including the year of
my death, an amount not in excess of the greater of Five Thousand ($5,000.00) Dollars or five (5%)
percent of the then aggregate value of the principal of this Trust. This power shall be noncumulative
and maybe exercised only by an instrument in writing signed by her and delivered to my Trustee
within the first thirty (30) days of fiscal year of this Trust.
C. Upon the death of my said wife, or upon my death if my wife shall not survive me
by thirty (30) days, my Trustees shall distribute the principal of the Trust to my children, CHARLES
R. TODD, III and WILLIAM S. TODD, in equal shares, absolutely.
D. In the event that either of my said children shall fail to survive my wife and me, but
shall leave issue surviving, then such deceased child's share shall be held by my Trustee and the net
[Initials]
Page 2 of 6 Pages ,~
~~ '
income therefrom shall be used for the support, maintenance and education of the issue of such
deceased child. My Trustee shall use as much of the principal as he shall deem desirable for said
purposes. My Trustee shall distribute absolutely the principal of such share of such deceased child
to the issue of such deceased child per stirpes as each shall attain the age of thirty (30) years. In the
event that either of my children shall fail to survive my wife and me and not leave issue surviving,
then such deceased child's share shall be added to the share of my other child as if originally a part
thereof.
ITEM SEVEN
POWERS OF EXECUTRIX AND TRUSTEES
In addition to the powers conferred by case law, by statute, and by other provisions hereof,
my Executrix and Trustees, and their successors, shall have the following discretionary powers
applicable to all property held by them which powers shall be effective without order of any court
and shall exist until final distribution.
A. To retain any property of any nature received by them for whatever period they shall
deem advisable;
B. To invest and reinvest all or any part of said property in such stocks, bonds, common
trust funds, securities, accounts, certificates of deposit (including, but not limited to, stocks, bonds,
common trust funds, securities, accounts or certificates of deposit of my Trustee) or other property,
real or personal, as in their discretion they shall deem proper, without regard to statutes limiting the
property which a fiduciary may purchase;
C. To sell, transfer, exchange or otherwise dispose of, any part of said property, for cash
or on terms, publicly or privately, or to lease, even for a term exceeding five (5) years or the duration
of any trust herein, without liability on the purchasers or lessees to see to the application of the
proceeds, and to give options for these purchases without the obligation to repudiate them in favor
o f a higher offer;
D. To execute and deliver any deeds, leases, assignments or other instruments as may
be necessary to carry out the provisions of any trust hereunder;
E. To borrow money, including the right to borrow money from any bank and to
[Initials]
Page 3 of 6 Pages
. /~
mortgage or pledge any asset of the estate as security;
F. To assume continuance of the status of any beneficiary with regard to death, marriage,
divorce, illness, incapacity and the like in the absence of information deemed reliable without
liability for disbursements made on such assumption;
G. To pay from the trust, or the income therefrom, all debts or claims against my estate,
or any taxes or similar charges on my estate;
H. To make any distribution hereunder either in kind or in money, or partially in kind
and partially in money. Distribution in kind shall be made at the market value of the property
distributed, and my Trustees, in my Trustees' absolute discretion, may cause the share distributed
to any distributee to be composed of property similar to or different from that distributed to any other
distributee;
I. To exercise any subscription right in connection with any security held hereunder, to
consent to or participate in any recapitalization, reorganization, consolidation or merger of any
corporation, company or association, the securities of which may be held hereunder, to delegate
authority with respect thereto, to deposit investments under agreements, to pay assessments, and
generally to exercise all rights of investors;
J. To invest in endowment, insurance or annuity policies on the lives of beneficiaries
of any trust hereunder;
K. To continue in any partnership, joint venture, joint ownership or other business
enterprise of which I am a part at the time of my death;
L. To compromise claims;
M. To continue for whatever period of time as they shall deem necessary any ownership
as a tenant in common or as a partner, in real estate or other property and to act as I could have done
had I been living;
N. To lend money to my estate or to any trust created hereunder or to purchase from the
estate or from any trust created hereunder, at the market value thereof at the time of purchase, any
securities or other property tendered to them by my estate or any trust created hereunder at any time
and from time to time within a period of nine (9) months after my death;
[Initials] ~ ~
Page 4 of 6 Pages I®~- t,~~
O. In the event that any amounts are payable hereunder or under any trust created
hereunder to a minor, or to a person otherwise under legal disability, or to a person not adjudicated
to be an incapacitated person, but who, by reason of illness or mental or physical disability is, in the
opinion of the fiduciary(ies) hereunder, unable to properly administer such amounts, such amounts
may be paid by the fiduciary(ies) hereunder in his, her or their sole discretion in any of the following
ways as he, she or they may deem best:
1. Directly to such beneficiary;
2. To a legally appointed guardian of such beneficiary for the benefit of such
beneficiary;
3. To a person having custody of such beneficiary for the benefit of such
beneficiary;
4. By the fiduciary(ies) hereunder using such amounts directly to the benefit of
such beneficiary.
Evidence of the application of payment of an amount in such a manner shall be a full and complete
discharge of the fiduciary(ies) hereunder to the extent of such payment or application. This
paragraph shall be applicable to payments of income as well as principal.
P. To employ agents, attorneys and proxies and to delegate to them such power as my
personal representative and Trustees consider desirable and to pay reasonable compensation for such
services as maybe rendered by such agents, attorneys and proxies;
Q. To conduct an inventory of any safe deposit box necessary to the administration of
my estate.
R. To do all other acts in their judgment necessary or desirable for the proper
management, investment and distribution of my Estate.
ITEM EIGHT
PROTECTIVE PROVISIONS
All income or principal held for the use and benefit of the beneficiaries of any trust hereunder
shall not be in any way or manner subject to anticipation, assignment, pledge, sale or transfer, nor
shall any such interest, while in the possession of my Trustees, be liable for or subject to the debts,
[Initials]
Page 5 of 6 Pages ~ ~ ,y
contracts, obligations, liabilities or torts of any beneficiary, or to attachments, executions or
sequestrations under process of law.
ITEM NINE
APPOINTMENT OF EXECUTRIX AND TRUSTEES
I nominate, constitute and appoint my wife, OZELLA D. TODD, as Executrix of my estate.
In the event she shall predecease me or fail to act as Executrix, then I appoint my sons, CHARLES
R. TODD, III and WILLIAM S. TODD, or the survivor, as co-Executors of my estate.
I nominate, constitute and appoint my wife, OZELLA D. TODD, and my sons, CHARLES
R. TODD, III and WILLIAM S. TODD, or the survivor, as Trustees of any trust created hereunder.
ITEM TEN
WAIVER OF BOND
I direct that neither my Executrix nor my Trustees, or their successors, shall be required to
file any bond in any jurisdiction to secure the faithful performance of their duties, nor shall they be
required to obtain any order or approval of any court for the exercise of any power or discretion set
forth in this Will.
IN WITNESS WHEREOF I have hereunto set my hand and seal this r~'~ ~~~ day of
~j 1_r_~ ' ''.~ 3 1 ,~
C..~ . %~~~~~./a' SEAL
~ )
C. Robert Todd
SIGNED, SEALED, PUBLISHED AND DECLARED by the above-named Testator, as and
for his Last Will and Testament, in the presence of us, who at his request, have hereunto subscribed
our names as witnesses thereto, in the presence of the said Testator and of each other.
~,
~ )
~,~~ `...
Page 6 of 6 Pages
COMMONWEALTH OF PENNSYLVANIA )
SS.
COUNTY OF CUMBERLAND
~,
We, C. Robert Todd, No V. Otto III, and ~d, %r ?~~ ~' : ~~f: f:'. ~ ~ ~~~ <:_~'~ ._;'°~ ,the Testator
and the witnesses, respectively, whose names are signed~to the foregoing instrument, being first duly
sworn, do hereby declare to the undersigned authority that the Testator signed and executed the
instrument as his last Will and that the Testator has signed willingly, and that the Testator executed
it as his free and voluntary act for the purposes therein expressed, and that each of the witnesses, in
the presence and hearing of the Testator, signed the Will as a witness and that to the best of his/her
knowledge the Testator was at that time eighteen years of age or older, of sound mind and under no
constraint or undue influence.
C..~ bert Todd, Testator
~ r
Witness
~~ ltl~'p'SS
,.
Subscribed, sworn to and acknowledged before me by C. Robert Todd, the Testator, and
Y .~ ~ ~ : 1 ~.... the
subscribed and sworn to before me b No V. Otto III and o ~~ .:;.~,~~ ~~r ~~ ~° 3
~~ ,
~~
witnesses, this j~` day of ~~~ ~~1- ~_,
-~ ~: ~,~
>c .~.-- f
_ , ..
~ - - ^;
Notary Public
NOTARIAL SEAL
VICTORIA L. OTTO, NOTARY PUBLIC
CARLISLE BORO. CUMBERLAND COUNTY
MY COMMISSI01~ EXPIRES DEC. 2 2006
Page 7 of 6 Pages
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