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Home My WebLink About04-0024Estate of Betty J. Hershey Register of Wills of Cumberland County PETITION FOR GRANT OF LETTERS Estate of Betty J. Hershey also known as , Deceased Social Security No. 201162364 Gary R. Hershey, Brenda Kelley and Linda Wolfe Petitioner(s), who is/are 18 years of age or older, apply(les) for: (COMPLETE "A" OR "B" BELOW:) A. Probate and Grant of Letters and aver that Petitioner(s) is/are the execut ors [] Decedent, dated 5/6/2002 and codicil(s) dated no exceptions named in the Last Will of the State relevant circumstances, e.g., renunciation, death of executor, etc Except as follows, Decedent did not marry, was not divorced and did not have a child born or adopted after execution of the documents offered for probate; was not the victim of a killing and was never adjudicated incapacitated: B. Grant of Letters of Administration (c.t.a., d.b.n.c.t.a.: pendente lite, durante absentia; durante minoritate) Petitioner(s) after a proper search has/have ascertained the Decedent left no Will and was survived by the following spouse (if any) and heirs: Name Relationship Residence J (COMPLETE IN ALL CASES:) Attach additional sheets if necessary. Decedent was domiciled at death in Cumberland residence at 32 Airport Road, Shippensburg (Southampton Township), Cumberland County, PA (list street, number and municipality) Decedent, then 77 years of age, died December 21 ,2003 , at Carolyn Croxton Slane Residence (Location) Decedent at death owned property with estimated values as follows: (if domiciled in PA) All personal property ......................................... $ (if not domiciled in PA) Personal property in Pennsylvania .................... $ (If not domiciled in PA) Personal property in County .............................. $ Value of real estate in Pennsylvania ........................................................................................ $ Total ..................................................................................................................... $ Real Estate situated as follows: 32 Airport Road, Shippensburg, Southampton Township, Cumberland County, PA County, Pennsylvania, with his/her last family or principal 10,000.00 80~000.00 90~000.00 Wherefore, Petitioner(s) respectfully request(s) the probate of the Last Will and Codicil(s) presented with this Petition and the grant of letters in the appropriate form to the undersigned: I //.~ /'7,,")/ I /'~ignature Typed or printed name and residence Gary R. Hershey, 171 Chamberlin Rd., Shippensbur.ct, PA Brenda Kelley, 1966 Park Plaza, Lancaster, PA 17601 Linda Wolfe, 420 Scott Drive, Shippensbur,cj, PA 17257 RW-7 Oath of Personal Representative Commonwealth of Pennsylvania County of Cumberland The Petitioner(s) above-named swear(s) and affirm(s) that t~ statements in the foregoing Petition are true and correct to the best of the knowledge and belief of Pe,~ioner(s~,arjcr t~;;fat, as personal representative(s) of the Decedent, Petitioner(s) will well and truly administer the estate ac~r~~~ Sworn to and affirmed and subscribed ~ ' Gary R~l~hey before me this ~ dayof January, 2004 Brenda Kelley Linda Wolfe DECREE OF REGISTER CUMBERLAND COUNTY Estate of Betty J. Hershey Deceased No. ~/-~)_~- ~-~ also known as Social Security No: 201162364 Date of Death: 12/21/2003 AND NOW, January , 2004 , in consideration of the Petition on the reverse side hereon, satisfactory proof having been presented before me, IT IS DECREED that Letters I~ Testamentary I~ of Administration (c.t.a., d.b.n.c.t.; pendente lite; durante absentia; durante minoritate) are hereby granted to Gary R. Hershey, Brenda Kelley, and Linda Wolfe in the above estate and that the instrument(s), if any, dated May 6, 20022 described in the Petition be admitted to probate and filed of record as the last Will of Decedent. FEES Letters .................................... Short Certificate(s) ............... $ Renunciation .......................... $ Affidavit ( ) ....................... $ Extra Pages ( ) ..............$ Codicil ................................. $ JCP Fee ................................. $ Inventory & Tax Forms ............. $ Other ...................................... $ TOTAL ............................. $ RW-7A 10.00 Attorney Attorney: Joel R. Zullinger I.D. No: 17516 Address: 14 North Main Street, Suite 200 Chambersburg Telephone: (717)264-6029 DATE FILED: 1/8/2004 PA 17201 his is to certify that the information here given is correctly copied from an original certificate of death duly filed with me as l.ocal Registrar. The original certificate will be forwarded to the State Vital Records Office for permanent filing. WARNING: It is illegal to duplicate this copy by photostat or photograph. Fee for this certificate, $2.00 P 9450876 No. ~__~ocal Registrar Date H105.143 Rev 2/87 TYPE,'PRINT PERMANENT 4 COMMONWEALTH OF PENNSYLVANIA · DEPARTMENT OF HEALTH · VITAL RECORDS CERTIFICATE OF DEATH ' =~E~=SUAL~U~ b. Susquehanna Twp.,Carolyn Croxton S[ane Residence b~='~=~=~"'~7 White ~:~ Shippensburg I ~ ~ ~~ ~ .~.w~. ~.~ ,,~ Cook ~,m. University ,;..~ Pennsylvania o, ,~.~ ~.~ Southampton 32 Airport Road ~ Shippensburq~ PA 17257 ~) ,~.~ C~berland ,L Harold W. Yohe ,, Lyra Shoap ~..~y_~ ~ershey I~ 171 Chamberlin Road, Shippensburg, PA 17257 ~ ~ ~1 I I Der&a~G uo~nty~ ~'m // ~ ~ ~ ~ ],~,. 12/27/2003 J~. Spring Hill Cemetery ~,, Shippensbur PA 17257 ~~, b , ~? ~' ~ ~ 0 ....... c~ ...., I //~J~'~ ~ . .................................................................. JRZ - 5.1 hershey.2 April 4, 2002 LAST WILL AND TESTAMENT I, Betty J. Hershey, of 32 Airport Road, Shippensburg, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby declare this to be my will, hereby revoking any and all former wills and codicils thereto by me heretofore made. I direct that all my just debts and funeral expenses, including all expenses of my last illness, shall be paid from my estate as soon as practicable after my decease as a part of the expense of the administration of my estate. II. I give and bequeath those items listed on a separate unsigned memorandum which refers to this my will by date to the individuals named therein. In the event that no such memorandum shall be found within thirty days following my death, this bequest shall be considered null and void. III. I give, devise and bequeath the residue of my estate of every nature and wherever situate to my children, namely Gary R. Hershey, Brenda Kelley and Linda Wolfe, in equal shares, provided that the share of any child who predeceases me or dies on or before the thirtieth day following my death shall be distributed to said beneficiary's issue, per stirpes, living on the thirty-first day following my death, and in default of any such then-living issue, such share shall be added to the share or shares of my other children. IV. Any fiduciary under this will shall have the following powers in addition to those vested in them by law and by other provisions of my will applicable to all property whether principal or income, including property held for minors, exercisable without Court approval, and effective until actual distribution of all property: A. To retain any and all of the assets of my estate, real or personal, without regard to any principle of diversification of risk. B. To invest in all forms of property including stock, common trust funds and mortgage investment funds without restriction to investments authorized for Pennsylvania fiduciaries as they deem proper, without regard to any Page 2 Co Do mo principle of diversification of risk. To sell at public or private sale, to exchange or to lease for any period of time any real or personal property and to give options for sales, exchanges or leases, for such prices and upon such terms or conditions as they deem proper. To allocate receipts and expenses to principal or income or partly to each as they from time to time think proper. To compromise any claim or controversy. To distribute in cash or in kind or partly in each. To hold property in their names without designation of any fiduciary capacity or in the name of a nominee or unregistered. I direct that all taxes that may be assessed in consequence of my death of whatever nature and by whatever jurisdiction imposed, shall be paid from my residuary estate as a part of the expense of the administration of my estate. VI. I appoint my children, Gary R. Hershey, Brenda Kelley and Linda Wolfe, as co-executors of this my will. Page 3 VII. No bond shall be required of any fiduciary hereunder in any jurisdiction. IN WITNESS W~EREOF, I hereunto set my hand and seal to this my last will and testament, consisting of five typewritten pages, the first three of which bear my signature in the margin for the purpose of identification this __~_--_~ day of / (SEAL) Signed, sealed, published and declared by the above-named testatrix as and for her last will and testament in our presence, who in her presence, at her request and in the presence of each other have hereunto set our hands as attesting witnesses. We, Betty J. Hershey, ~.~_ ~- ~~~/: , the testatrix and the witnesses respectively, whose names are signed to the attached or foregoing instrument, being first duly sworn, do hereby declare to the Page 4 undersigned authority that the testatrix signed and executed the instrument as her last will and testament and that she executed it as her free and voluntary act for the purposes therein expressed and that each of the witnesses, in the presence and hearing of the said testatrix, signed the will as witnesses and to the best of their knowledge, said signer was at that time eighteen years of age or older, of sound mind and under no constraint or undue influence. TeStatrix ~ Subscribed, sworn to and acknowledged before me by the above-named signer and subsc~ibe~ and sworn to befor~mAme by the above~~ ~tnesses thi~ 2~~ of lNotarial Seal [ Nichole J. Kellert, Notary Public Shippensburg Boro, CUmberland Coun~ My Commission Expires Aug. 18, 200,~ Page 5 Estate of Betty J. Hershey Cumberland County Register of Wills CERTIFICATION OF NOTICE UNDER RULE 5.6(a) Name of Decedent: Betty J. Hershey Date of Death: 12/21/2003 Will No. 2004-00024 Admin. No. 21-04-0024 To the Register: I certify that notice of (beneficial interest) estate administration required by Rule 5.6(a) of the Orphan's Court Rules was served on or mailed to the following beneficiaries of the above-captioned estate on 1/20/2004 · Name Address Gary R. Hershey Brenda Kelley 171 Chamberlin Drive Shippensburq 1966 Park Plaza Lancaster PA 17257 PA 17601 Linda Wolfe 420 Scott Drive Shippensburq PA 17257 Notice has now been given to all persons entitled thereto under Rule 5.6(a) except: no exceptions Date: 1/20/2004 Capacity: Signa~j Name: Joel R. Zullinqer Address: 14 North Main Street, Suite 200 Chambersburg PA 17201 Telephone(264) - 6029 X Personal Representative Counsel for Personal Representative COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT DUPLICATE ZULLINGER JOEL R 14 NORTH MAIN STREET,SUITE 200 CHAMBERSBURG, PA 17201 NO. CD REV-1162 EX(11-96) 003680 ........ fold ESTATE INFORMATION: SSN: 201-16-2364 FILE NUMBER: 2104-0024 DECEDENT NAME: HERSHEY BETTY J DATE OF'PAYMENT: 03/16/2004 POSTMARK DATE: 03/1 5/2004 COUNTY: CUM BERLAN D DATE OF DEATH: 12/21/2003 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 $7,267.50 RiEMARKS: SEAL TOTAL AMOUNT PAID: JOEL R ZULLINGER, ESQ CHECK//115 INITIALS: AC RECEIVED BY: REGISTER OF WILLS $7,267.50 GLENDA FARNER STRASBAUGH REGISTER OF WILLS LAW OFFICES OF ZULLINGER- DAVIS PROFESSIONAL CORPORATION JOEL R. ZULLINGER 14 North Main Street Suite 200 Chambersburg, PA 17201 717-264-6029 Fax: 717-264-1884 zulngrlaw~earthlink.net Dale F. Shughart, Jr. of counsel HAMILTON C. DAVIS 20 East Burd Street, Suite 6 P.O. Box 40 Shippensburg, PA 17257 717-532-5713 Fax: 717-530-5222 davish~cvn.net March 10, 2004 Register of Wills Cumberland County Courthouse Carlisle, PA 17013 Dear Register: RE: Estate of Betty J. Hershey File No. 21-04-0024 Endosed is check payable to you as agent in the amount of $7,267.50, representing prepayment on Pennsylvania Inheritance Tax for the above estate. The prepayment is based on an estimated taxable estate of $170,000.00, taxable at 4.5% or $7,650.00, less 5% discount of $382.50. Enclosure Very truly yours, Joel R. Zullinger 14 North Main St., Suite 200 Chambersburg, PA 17201 Register o[ Wills Cumberlahd County Courthouse Carlisle, PA 17013 REV-I$00 EX + Z o COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL Hershey, Betht J. DATE OF DEATH (MM*DD-Yea') 12/21/2003 REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT DATE Of BIRTH (MM-DD-Year) 06/07/1926 OFFICIAL USE ONLY FILE NUMBER 2 1 -0 4 0 0 2 4 SOCIAL SECURITY NUMBER 2 0 1- 1 6-2 3 6 4 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER [] 1. Odginal Return [] 2. Supplemental Return [] 4. Limited Estate [] 4a. Futura Interast Compromise (dateoldeCh a~ 12-12-82) [] 6. DesedentDiedTestate ~3chcopyofWill) [] 7. DecedentMaintainedaLiving TrustlA~ch,:=pyofTr~st) [] 9. Litigation Proceeds Received [] 10. Spousal Pover~ Credit (date ofde~ be~en 12-31-91 and 1-1-95) ]3. RemainderRetum (dateof~eaffipdor~o12-13-82) ]5. Federal Estate Tax Return Requirad 0.~ 8. Total Number of Safe Deposit Boxes [] 11. Election to tax unper Sec. 9113(A) (At,ch Sch Oi NAME COMPLETE MAILING ADDRESS Joel R. 14 North Main Street FIRM NAME (If Applicable) P.C. Suite 200 TELEPHONE NUMBER Chambersbur,q 1. Real Estate (Schedule A) (1) 2. Stocks and Bonds (Schedule B) (2) 3. Closely Held Corporation, Parb~emhJp or Sole-Prapdetomhip (3) 4. Mo~ages & Notes Receivable (Schedule D) {4) 5. Cash, Bank Deposits & Miscellaneous Personal Prapedy (5) (Schedule E) 6. Jointly Owned Property (Schedule F) (6) ] Separate Billing Requested 7. Inter-Vivce Transfers & Miscellaneous Non-Prabate Praped7 (7) (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) (9) 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10) 11. Total Deductions (total Lines 9 & 10) 12. Net Value of Estate (Line 8 minus Line 11) 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been mode (Schedule J) PA 17201 USE ONLY 1~,~0.00 1:2''229'41 62 293~)0 ~ (8) 177~022.41 (11) 18~634.98 15~844.51 34~479.49 142~542.92 0.00 (12) (13) 14. Net Value Subject to Tax (Line 12 minus Line 13) (14) 142~542.92 SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or lmnsfers under Sec. 9116 (a)(1.2) 16. Amount of Line 14 taxable at lineal rate 17. Amount of Line 14 taxable at sibling rate 18. Amount of Line 14 taxabk~ at collateral rote 19. Tax Due 0.00 x __ (15) 142,542.92 x .045 (16) 0.00 x .12 (17) 0.00 x .15 (18) (19) 0.00 6~414.43 0.00 0.00 6~414.43 Decedent's Complete Address: 32 Airport Road Shippensburg I STATE PA I ZIP 17257 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B~ Prior Payments C. Discount 7,267.50 382.50 3. Interest/Penalty if applicable D. Interest E. Penalty Total Credits (A*B +C) (2) Total Interest/Penalty ( D + E ) (3) If Line 2 is greater than Line I + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page I Line 20 to request a refund (4) If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) A. Enter the interest on the tax due. (SA) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) Make Check Payable to: REGISTER OF WILLS, AGENT 61414.43 7~650,00 0.00 1~235.57 0.00 0.00 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 preperty 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 cocurrred alter Decereber 12, 1982, did decedent transfer preporty 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. SIGNATU~j~~R FILING RETURN IDAT~ ADDRESS (~a~ R. Hersh~ey, 1~1 Chamberlin Road, Shippensburg, PA 17257; Brenda Kelley, 1966 ~ark~laza, Lancaster, PA 17601; Linda Wolfe, 420 Scoff Drive, Shippensburg, PA 17257 SIGNATUR~ PREPARER OTHER THAN REPRESENTATIV~ DATE ADDRESS f14 N~h Mai~ ~t,~t~ 200 ~ ' Chambersbur~ PA 17201 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 3% [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 survivin§ spouse is 0% [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exemct a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax tatum 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 naturat parent, an adoptive parent, or a stepparent of the child is 0% [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 4.5%, except as noted in 72 P.S. §9116(1.2) F2 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 12% [72 P.S. §9116(a)(1.3)], A sibling is d~ned, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. REV-1502 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE A REAL ESTATE ESTATE OF FILE NUMBER Hershev. Betty ,,I, 21 04 0024 All real properly owned solely or as a tenant in cororoon roust be reported at fair market value. Fair market value is defined as the p~ce at which properly would be exchanged between a willing buyer and a willing seller, neither being corobelled to buy or sell, both having reasonable know~dge of the relevant facts. Real propert7 which is jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION Tract of real estate situate at 32 Airport Road, Shippensburg, PA, appraised by Tim L. Ausherman, with copy attached VALUE AT DATE OF DEATH 102,500.00 TOTAL (Also enter on line 1, Recapitulation) $ 102~500.0r) (if more space is needed, insert addfifonal sheets of the same size) REV-1508 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF Hershev. Bettv J. FILE NUMBER 21 ~4 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER DESCRIPTION 2. 3. 4. 5. 6. Checking Account #97290017, M&T Bank, including interest accrued to date of death, with copy of verification letter attached Gross proceeds from sale of personal property by Dan Hershey Auctioneering 1992 Ford Crown Victoria Refund, Sprint Refund, Comcast Cable Refund, car insurance VALUE AT DATE OF DEATH 4,489.64 5,138.25 2,500.00 27.16 1.36 73.00 TOTAL (Also enter on line 5, Recapitulation) $ 12~229.41 (If more space is needed, insert add~onal sheets of ~he same size) REV-1510 EX + (6-g8) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY ESTATE OF FILE NUMBER Hershev. Bettv J. 21 04 0024 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. DESCRIPTION OF PROPERTY ITEM INCLUDE THE NAME OF THE TRANSFEREE. THEIR RELATIONSHIP TO DECEDENT AND DATE OF DEATH % OF DECD'S EXCLUSION TAXABLE NUMBER THE DATE OF TRANSFER AT~ACH A COPY OF THE DEED FOR RE~- ESTATE. VALUE OF ASSET INTEREST (IF APFt. ICABLE VALUE 1. Cash gift to Gary R. Hershey, son of decedent, on 12,304.34 100. 3,000.00 9,304.3, 11/15/2003 2. Cash gift to Linda Wolfe, daughter of decedent, on 12,304.33 100. 3,000.00 9,304.3: 1/15/2003 3. Cash gift to Brenda Kelley, daughter of decedent, on 12,304.33 100. 3,000.00 9,304.3; 11/15/2003 4. Cash gift to Gary R. Hershey, son of decedent, on 11,460.0C 100. 11,460.0( 11/28/2003 5. Cash gift to Linda Wolfe, daughter of decedent, on 11,460.0G 100. 11,460.0£ 11/28/2003 6. Cash gift to Brenda Kelley, daughter of decedent, on 11,460.00 I00. 11,460.0C 11/28/2003 TOTAL (Also enter on line 7 Recapitulation) $ 62~293. (If more space is needed, insart additional sheets of the same size) RFV-1511 EX + (12-99) COMMONWEALTH OF PENNSYLVAN~, INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF Hershev. Betty J. ITEM NUMBER 1. 2. 3. 4. 8. 9. 10. 12. 13. 14. 15. 16. 17. 18. Debts of decedent must be reported on Schedule L DESCRIPTION FILE NUMBER :~1 04 FUNERAL EXPENSES: Fogelsanger-Bricker Funeral Home, funeral service Spring Hill Cemetery/Wyrick's, grave opening Meal after funeral service Obituary notice in Public Opinion ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Repmsantative (s) Social Secudty Number(s)/EIN Number of Personal Representative(s) Street Address City State Year(s) Commission Paid: AttomeyFees Joel R. Zullinger Family Exemption: (If decedent's address is not the same as daimenfs, attach explanation) Claimant Zip Street Address Cily State Zip Relationship of Claimant to Decedent Probate Fees probate petition 200.00; extra pages 12.00; short certificates 15.00; JCP fee 10.00; filing return 28.00 Accountant's Fees Tax Return Preparers Fees Tim Ausherman, appraisal of real estate Cumberland Law Journal, advertise letters News-Chronicle, advertise letters Dan Hershey Auctioneedng Service, commission and expenses of public sale Penn National Car Insurance, car insurance on decedent's automobile Penelec, utilities at decedent's residence Sprint, telephone services at decedent's residence Timmons Oil Company, fuel oil at decedent's residence Timmons Oil Company, fuel oil at decedent's residence Repair basement sump pump at decedent's residence Repairs to decedent's automobile Snow removal at decedent's residence AMOUNT 6,768.80 600.00 181.00 48.00 0.00 4,500.00 0.00 265.00 0.00 0.00 250.00 75.00 134.00 1,685.50 118.00 59.61 41.28 240.73 167.16 8.00 309.00 50.00 TOTAL (Als° enter °n line 9' Recapitulati°n) I $ 18~634.9R (If more space is needed, insert additional sheets of the same size) Hershey, Betty J. Decedent's Name Continuation of REV-1500 Inheritance Tax Return Resident Decedent 21 Page I 04 0024 File Number Schedule H - Funeral Expenses & Administrative Costs - B7. ITEM NUMBER 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. DESCRIPTION Comcast, cable service at decedent's residence Penelec, utilities at decedent's residence Vivan Coy, Tax Collector, county real estate taxes on decedent's residence Cumberland Franklin Joint Municipal Authority, sewer service to residence Penelec, utilities to residence Timmons Oil, fuel oil to residence Frances Marchal, preparation of decedent's final personal income tax returns Cumberland Franklin Joint Municipal Authority, sewer service Timmons Oil, fuel oil to residence Penelec, utilities to residence Cumberland Franklin Joint Municipal Authority, sewer service Penelec, utilities to residence Cumberland Franklin Joint Municipal Authority, sewer service Penelec, utilities to residence Cumberland Franklin Joint Municipal Authority, sewer service Penelec, utilities to residence Cumberland Franklin Joint Municipal Authority, sewer service Penelec, utilities to residence Cumberland Franklin Joint Municipal Authority, sewer service Penelec, utilities to residence Vivian Coy, Tax Collector, school real estate taxes on decedent's residence Homeowner's insurance on decedent's residence Home repairs and painting at decedent's residence Replacement of fuel oil tank (leaking) at decedent'e residence Lawn maintenance at decedent's residence SUBTOTAL SCHEDULE H-B7 AMOUNT 41.79 48.92 231.95 26.00 39.16 102.87 140.00 26.00 113.51 37.89 26.00 36.24 26.00 27.02 26.00 30.07 26.00 30.50 26.00 33.06 1,139.93 382.00 160.79 265.00 91.20 3,133.90 REV-1512 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES & LIENS ESTATE OF FILE NUMBER Hershev. Bettv J. 21 04 0024 Include unreimbursed medical expenses. iTEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 2. 3. 4. 5. 6. 7. 8. 9. 10. Hospice of Central Pennsylvania, balance due for care to decedent prior to death Sprint, telephone services due at death Penelec, utilities due at death Timmons Oil, fuel oil due at death Cumberland Franklin Joint Municipal Authority, sewer services due at death Comcast, cable services due at death Discover Card, balance due on account at death Internal Revenue Service, tax due on decedent's 2003 form 1040 Carlisle Regional Medical Center, balance due for medical services South Central EMS, balance due for ambulance service 2,100.00 47.92 45.82 158.97 22.10 41.79 141.45 13,110.00 101.46 75.00 TOTAL (Also enter on line 10, Recapitulation) $ 15~844.51 (If more space is needed, inse~t eddifional sheets of the same size} REV-1513 EX + (9~)0) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF Hershev. Bettv J. NUMBER II. 1. NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [include outdght spousal distributions, and ~ansfers under Sec. 9116 (a) (1.2)] Gary R. Hershey 171 Chamberlin Road Shippensburg, PA 17257 Brenda Kelley 1966 Park Plaza Lancaster, PA 17601 Linda Wolfe 420 Scott Drive Shippensburg, PA 17257 FILE NUMBER 21 04 RELATIONSHIP TO DECEDENT Do Not List Trustee(s) Lineal Lineal Lineal 0024 AMOUNTORSHARE OFESTATE ane-third of residue ane-third of residue one-third of residue ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ 0.O0 0.00 0.00 (if more space is needed, insert additional sheets of the same size) JRZ 5.1 hershey.2 April 4, 2002 LAST WILL AND TESTAMENT I, Betty J. Hershey, of 32 Airport Road, Shippensburg, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby declare this to be my will, hereby revoking any and all former wills and codicils thereto by me heretofore made. I direct that all my just debts and funeral expenses, including all expenses o~my last ill~ess, shall be paid from my estate as soon as practicable after my decease as a part of the expense of the administration of my estate. II. I give and bequeath those items listed on a separate unsigned memorandum which refers to this my will by date to the individuals named therein. In the event that no such memorandum shall be found within thirty days following my death, this bequest shall be considered null and void. III. I give, devise and bequeath the residue of my estate of every nature and wherever situate to my children, namely Gary R. Hershey, Brenda Kelley and Linda Wolfe, in equal shares, provided that the share of any child who predeceases me or dies thirtieth day following my death shall be distributed to said beneficiary's issue, per stirpes, living on the thirty-first day following my death, and in default of any such then-living issue, such share shall be added to the share or shares of my other children. IV. including approval, A. Any fiduciary under this will-~hall have the following powers in addition to those vested in them by law and by other provisions of my will applicaole to all property whether principal or income, property held for minors, exercisable without Court and effective until actual distribution of all property: To retain any and all of the assets of my estate, real or Bo personal, without regard diversification of risk. To invest in all forms of to any principle of property including stock, common trust funds and mortgage investment funds without restriction to investments authorized for Pennsylvania fiduciaries as they deem proper, without regard to any Page 2 principle of diversification of risk. C. To sell at public or private sale, to exchange or to lease for any period of time any real or personal property and to give options for sales, exchanges er leases, for such prices and upon such terms or conditions as they deem proper. D. To allocate receipts and expenses to principal or income or partly to each as they from time to time think proper. E. To compromise any claim or controversy. F. To distribute in cash or in kind or partly in each. G. Te held property in their names without designation ef any fiduciary capacity or in the name efa nominee er unregistered. I direct that all taxes that may be assessed in consequence of my death of whatever nature and by whatever jurisdiction imposed, shall be paid from my residuary estate as a part of the expense of the administration of my estate. VI. I appoint my children, Gary R. Hershey, Brenda Kelley and Linda Wolfe, as co-executors of this my will. Page 3 VII . No bond shall be required of any fiduciary hereunder in any jurisdiction. IN WITNESS WHEREOF, I hereunto set my hand and seal to this my last will and testament, consisting of five typewritten pages, the first three of which bear my signature in the margin for the purpose of identification_ . t~i.~ __~/~. day of the above -named in our presence, Signed, sealed, published and declared by testatrix as and for her last will and testament who in her presence, at her request and in the presence of each other have hereunto set our hands as attesting witnesses. / ,'" 9-: -7~ ,/ .... , .-;, , ~ ; ' We, Betty J. Hershey, ~ .': : {' .' '-/ and I.~ ;~[./( /~!{1 f/ the testatrix and the witnesses respectively, whose names are signed to the attached or foregoing instrument, being first duly sworn, do hereby declare to the Page 4 undersigned authority that the ~estatrix signed and executed the instrument as her last will and testament and that she executed it as her free and voluntary act for the purposes therein expressed and that each of the witnesses, in the presence and hearing ef the ~ald test'a%~, sigT~'~d the w±~l as witrresses and to the best of their knowledge, said signer was at that time eighteen years of age or older, of sound mind and under no constraint or undue influence. Tegta~rix ? Witness ~ Subscribed, sworn to and acknowledged before me by the above-named signer and subsc~ibe~ and sworn to befq~me by the above~Q~m~4 w~tnesses this [/~ day of Notary PubI fe / ~ ...... Page 5 Borrower Estate of Betty Hershey File No. Address 32 Ai~ CounW Cumbertand State Pa ZipCode 17257-9402 Lender Estimate of Market Value APPRAISAL AND REPORT IDENTIFICATION to ~ of the following definitions: ~<~ Complete Appraisal (The act or process of estimating value, or an opinion of value, performed without invoking the Departure Rule,) ~ Limited Appraisal (The act or process of estimating value, or an opinion of value, performed under and resulting from invoking the Departure RuJe.) This report is ~ of the following types: ~_' Self Contained (A written report prepared under Standards Rule 2-2(a) of a Complete or Limited Appraisal performed under STANDARD 1.) ~ Summar~ (A written report prepared under Standards Rule 2-2(b) of a Compiete or Limited Appraisal performed under STANDARD 1 .) ~ Restricted (A.,v.,,ritten report prepared under Standards Rule 2-2 c) of a Complete or Limited Appra sa performed under STANDARD 1, restricted to the sta ed ntended use by the specified client or intended user.) · · Comments on Standards Rule 2-3 I certify that, to the best of my knowledge and belief: · The statements of fact contained in this report are true and correct. · The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal, impartial, and unbiased professional analyses, opinions and COnCJusJons. · I have no (or the specified) present or prospective interest in the properly that is the subject of this report, and no (or the specified) personal interest with respect to th~ padies involved, · I have no bias with respect tn the property that is the subject of this report or the parties involved with this assignment · My engagement in this assignment was not contingent upon developing or repealing predetermined results · My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the caus~ of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisa! · My analyses, opinions and conclusions were developed and this report has been prepared, in conformity with the Unitorm Standards of Professional Appraisal Practice · I have (or have sot) made a personal inspection of the property that is the subject of this report · No one provided significant real property appraisal assistance to the person signing this certification. {If there are exceptions, the name of each individual providing signitican~ real property appraisal assistance must be stated.) Comments on Appraisal and Report Identification Note any departures from Standards Rules 1-3 and 1-4, plus any USPAP-related issues requiring disclosure: SUMMARY OF SALIENT FEATURES Subject Address Legal Description City County State Zip Code Census Tract Map Reference Sale Price Cate of Sale Borrower/Client Lender Size (Square Feet) Price per Square Foot Location Age Condition Total Rooms Baths Appraiser Date of Appraised Value 32 Airport Rd Deed Book Vol. Shippensburg Cumberland Pa 17257-9402 0128.00 39-33-1873-007 $ 100,000 Estate of Betty Hershey Estimate of Market Value 1,716 $ 58.28 Average 54 Average 7 4 1 Tim L.Ausherman GAA 12-21-2003 Summa ~port Ausherman Bros. Real Estate loc, UNIFORM RESIDENTIAL APPRAISAL REPORT File No. 'Address 32 Airport Rd Deed Book Vol. City Shippensburg State Pa Zip Code 17257-9402 County Cumberland Assessor's Parcel No. 39-33-1873-007 Borrower Southampton Date of Sale Estimate of Market Value Tax Year 2004 R.E. Taxes $1,177.00 Soecial Asseesm~nts $ 0.00 Current Owner Estate of Bett I Owner [7 Tenant ~ Vacant Leasehold PUD ium (HUD/VA only) HOA $ N/A /Mo. Map Reference 39-33-1873-007 Census TrarJ 0128.00 Descrietion and $ amount of Icao charaes/concessions t_o be oaid by s¢ier N/A Address Tim L.Aasherman GAA Location Urban ~ Suburban ~ Rural Built up 'j Over 75% [~ 25-75% [~ Under 25% Growth rate L' Rapid ~d~ Stable [~] Slow Property values ._1 Increasing [] Stable [.] Declining Demand/supply ~ Shortage I~ In balance [] Over supply Marketinqtime ! i Under3mos. ~ 3-6mos. [ ] OverBmos. Address 229 North Second Street, Chambersbur,q, Pa 17201 Predominant I p~i~c~efamilyhousing I Present land use % I Land use change RUE AGE ' 4 occupancy I $(000) (yrs) I One family 0 I ~NOtlikely ] Like y ~ Owner 95 ~ 50 LOW new /2'4family ] I_] In process []Tenant 5 [ 3~-Hiqh~50 [Multi-family ~To: ~ Vacant (0-5%) IPredOminant ] Commercial I I Vac.(over5%) F 150 25 Vacant 60F Note: Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood boundaries and characteristics: Bounded by Route 81 to the south, Baltimore Rd to the west, Walnut Bottom Rd to the east and Kin( St to the nodh. Factors that affect the marketability et the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.): adverse factors affectinq marketability were observed.The subject property is located within an area that is a mix of scattered single_]amily homes and land utilized for aqricuNural purposes. Overall appeal to the market is average. Employment stability within the area is averaqe with. the current unemployment rate in the 3.5 % ran.qe. Market conditions in the subject neighborhood (including supped for the above conclusions related to the trend cf property values, demand/supply, and marketing time -- such as data on competitive pmperBes for sale in the neighborhood, description of the prevalence of sales and financing concessions, etc.): General market conditions in the area are stable supply and demand appear to be in balance at present. At present there are few properties listed for sale similar to the subject property. Marketing time is approx. 100 days according to MLS Stats. Project Information for PUDs (If applicable)*- Is the developer/builder in control of the Home Owners' Association (HOA)? [] Yes Approximate total number of units in the subject project Approximate total number of units for sale in the subject project Describe common elements and recreational facilities: ~ No Dimensions 160 x 216 x 116 x 201 Site area .67 acre double lot Corner Lot ~ Yes ,~ No Specific zoning classification and de_s_cription None exists Zoning compliance [-_'] Lega ~ Legal nonconforming (Grandfathered use) ~1 lilac ~ No zoning Present use ~ Other use (explain} Utilities Public Other Off-site Improvements Type Public Private Electricity ~ Street Asphalt ~ ~; Gas [] Curb/gutter nonce [ ~j Water ~ well Sidewalk none i ~ [ ] Sanitary sewer [] Street lights none ~ i [ ~ Storm sewer / -] j Alley None I~ [ I Topography Level Size Typical Shape Irregular Drainage Adequate View Average_ Landscaping average Driveway Sudace _as~ohalt Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal nonconforming zoning use, etc.); easements or encroachments were observed. Apparent easements None FEMA Special Flood Hazard Area [] Yes ~] No FEMAZone X MapDate 8/4/1988 _FEMA Map ND. 4215870015B No adverse GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION No.o!Units 1 Foundation Concrete block Slab no No. of Stories 2 Extedor Walls Permstone/vin Crawl Space Part Type (Del./Att.) Detached Roof Surface asphalt Basement Part Design (Style) Gutters & OwosptsAlumn Sump Pump yes Existing/Proposed ¢/indowType Dbl hunq Dampness _yes Age (Yrs.) 54 Storm/Screens yes Settlement no 20 ~lanufactured House no Infestation no ROOMS Finished area above qrade contains: 7 Rooms; 4 Bedroom(s); INTERIOR Materials/Condition j HEATING Base KITCHEN EQUIP. Floors Cpt,vin/av.q Type base Refrigerator Wails Drywall/avg ~Fuel oil Range/Oven [] Stairs BASEMENT Area Sq. Ft. 920 %Finished 0 Ceiling joists Wails block Floor concrete Outside Entry no INSULATION Roof _ Ceiling Avg Walls Avg__ FI00r _._avg None Unknown~_A_vg Rec. Rm. Bedrooms # Baths Laundry Other _ AreaSq. Ft. 920 1 1 1,180 3 . 536 1 Bath{s); 1,716 Square Feet of Gross Livinq Area AMENITIES CAR STORAGE: 1 car [~] Fireplace(s)#None ['] None ~I ~/[~ [Patio~, -,,N°ne---- ~]; Gar. age #ofcars ~tlon Section ESTIMATED SITE VALUE ESTIMATED REPRODUCTION COST-NEW-OF IMPROVEMENTS: Dwelliog 1,716 Sq. Ft. @$ 58.00 = $ 99,528 920 Sq. Ft. @$ 12.00 = 11,040 Porch,deck, = 12,500 Gara(]e/Carjmd 540 S% Ft. @$ 22.00 = 11,880 Total Estimated Cost New = $ 134,948 Less Physical Functional External Depreciation 44,9781 =$ Depreciated Value of Improvements =$ "As-is" Value of Site Improvements =$ INDICATED VALUE BY COST APPROACH ITEM SUBJECT COMPARABLE NO. 1 UNIFORM RESIDENTIAL APPRAISAL REPORT FiloNo, 32,000 Comments on Cost Approach (such as, source of cost estimate, site value J square foot calculation and for HUD, VA and FmHA, the estimated remaining J economic life of the properly): Cost per sq ft was derived from J Marshall and Swift Cost handbook and modified for local jconditions. Estimated remaininq econnmic life 55 years. 128,970 COMPARABLE NO. 2 COMPARABLE NO. 3 32 Airport Rd Address Shippensbc r~ Proximitv to Subiect Sales Pdce Price/Gross Livinq Ama Data and/or Verification Source VALUE ADJUSTMENTS Sales or Financing Concessions Date of Sale/Time Location Average Leasehold/Fee Simple Fee simple Site .67 acre double Io View Average Design and Appeal Cape cod Quality of Construction Permst vin/avg Age 54 Condition Average Above Grade Total iBdrmsi Baths RoomCount 4 ! 1 Gross Uvinq Area 1,716 Sq. Et. Basement & Finished Full Rooms Below Grade 0 Functional UtiliN Heatind/Co¢ind Enerq¥ Efficient items Garaee/Carood Porch, Patio, Deck, Eireolacefs), etc. Fence, Pool, otc. Kitchen Net Adj. (total) Adjusted Sales Price of Comparable 408 Sunset Lane 2 Scrafford St Average Base/none Insul Wind 1 car/shop Pomh,deck, None 225 Lurgan Ave 2 miles mile miles 58.28 71.78 61.77 :/ 60.78 MLS-Courthouse MLS-Courthouse MLS-Courthouse DESCRIPTION DESCRIPTION Cony Concess 600 10-17-2003 Average Fee simple .22AJAvg Average Cape/avg Alumn/avq 54 Average ; Total ;Bdrmsl Baths~ 6; 3 i 2 1 ~226 Sq. Ft.; ; Unfinished Average Fha/ac +10,000 +2,500 -3,000 +7r350 -2,00~ +1,000 +1,000 Sw,sd 1 cadworkshop Porch None DESCRIPTION Cony No concess 5-21-2003 Average Fee simple .23NAvg Average Cape Cod/avg Aiumn/avg 52 Average Total iBdrmsi Baths i 4 ; 1 1~368 Sq. Ft.; Full Unfinished Average Fha/ac Sw,sd 3 car None None None : None Std Kitchen ; Std kRch ~+ I~; $ 18,85o % Gross: 30.5 % $ lO4,85~ Std Kitchen +(-)$ Adjust. DESCRIPTION Cony NO concess 3-12-2~)03 Average Fee simple + 10~000 .15 A/Avg Average Cape Cod/avg +2~500 Alumn/avg 53 Average Total :Bdrmsl Baths 6 i 4 : 2 +5,220 1,456 S_q. Et. Full Unfinished Avemge -2,000 Fha/ac +1,000 Sw,sd 2 car +1,000 Porch None None Std kitch 17,720 ~ + i I - $ Net i~i% 102,220 Gross 264 % $ comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc,): e within the marketplace. +10,000 +2~_500 -3,000 +3,900 -2,000 +1,000 +1,000 Comparable sales 13,400 101,900 are over 1 mile however are the ITEM SUSJECT COMPARABLE NO. 1 N/A COMPARABLE NO. 2 N/A COMPARABLE NO. 3 Date, Price and Data N/A Source, for prior saws Steb-MLS Steb-MLS Steb-MLS Steb-MLS No sa e prev 3 yr 1No sa o prev 3 yr Analysis of any current agreement of sale, option, or listing of subject property and analysis of any pdor sales of subject and comparabWs within one year of the date of appraisal: are closed sales. INDICATED VALUE BY SALES COMPARISON APPROACH $__ 102,50( INDICATED VALUE BY INCOME APPROACH, Estimated Market Reni :~ i N~A ~ iMo. x Gross Rent Multiplier ~N_/_A = ~ This appraisal is made "as is" subject to the repairs, aiteragons, inspectioos or conditions listed below [ ~] subject to completion per plans & specifications. Conditions of Appraisal: See attached FIRREA add and IJmRing conditions. Supplemental Addendum lBorrower/Client Estate of Betty Hershey Property Address 32 Airport Rd City Shippensburg County Cumberland Lender Estimate c~f Market Value File No. State Pa Zip Code 17257.9402 Adjoining Jots when sold with a single family home typically sell at approx. 50% of retail value. · Borrov~er/Client Estate of Betty Hershey Property Address 32 Airport Rd City Shippensbur~ Lender Estimate of Market Value Building Sketch (Page - 1) County Cumberland State Pa ZipCode 17257-9402 20,0' 38.0' 13.0' 16.0' 12.0' Deck Perch 12.0' 16.0' 26.0' 7,01 ~orrower/Client Estate of Betty Hershey ' IProperW Address 32 Ai~ort Rd ICity Shippensburg ILender Estimate of Mad<et Value Location Map Couniy Cumberland State Pa Zip Code 17257-9402 ? / MULTI-PURPOSE sUpPLEMENTAL ADDENDUM FOR FEDERALLY RELATED TRANSACTIONS Aosherman Bros. Real Estate Ins. Borrower/Client Estate of Betty Hershey Propedy Address 32 Airport Rd {;J~J Shippensbur~ County Cumberland State Pa Zip Code 17257*9402 Lender Estimate of Market Value This Multi-Purpose Supplemental Addendum for Federally Related Transactions was designed to provide the appraiser with a convenient way to comply with the current appraisal standards and requirements of the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptrolrer of Currency (OOC), The Office of ThriB Supervision (OTS), the Resolution Trust Corporation (RTC), and the Federal Reserve. This Multi-Purpose Supplemental Addendum is for use with any appraisal. Only those statements which have been checked by the appraiser apply to the property being appraised. ~ PURPOSE & FUNCTION OF APPRAISAL The purpose of the appraisal is to estimate the market value of the subject property as defined herein, The function of the appraisal is to assist the above-named Lender in evaluating the subject property for lending purposes. This is a Federally related transaction. L~ EXTENT OF APPRAISAL PROCESS neighborhood, and selection of comparable sales within the subject market area. The odginal source of the comparables is shown in the Data Source section of the market grid along with the source of confirmation, if available, The original source is presented first. The sources and data are considered reliable. When conflicting information was provided, the source deemed most reliable has been used. Data believed to be unreliable was not included in the repoff nor used as a basis for the value concJusion. ~ The Reproduction Costis based on Marshall & Swift supplemented by the appraiser's knowledge of the local market. [] Physical depreciation is based on the estimated elfective age of the subject prope~. Functional and/or external depreciation, it present, is specifically addressed in the appraisal repoff or other addenda. In estimating the site value, the appraiser has relied on personal knowledge of the local market. This knowledge is based on pdor and/or current analysis of site sales and/or abstraction of site values from sales of improved properties. ~'~ The subject property is located in an area of primarily owner-occupied single family residences and the income Approach is not considered to be meaningful. For this reason, the Income Approach was not used. ~ The Estimated Market Rent and Gross Rent Multiplier utilized in the Income Approach are based on the appraiser,s knowledge of the subject market area. The rental knowledge is based on prior and/or current rental rate surveys of residential properties. The Gross Rent Multiplier is based on prior and/or current analysis of prices and market rates for residential properties. [] For income producing properties, actual rents, vacancies and expenses have been repealed and analyzed. They have been used to project future rents, vacancies and expenses. [] SUBJECT PROPERTY OFFERING INFORMATION According to MLS the subject property: ~ has not been offered for sale in the past: 'J 30 days ~ 1 year ri~ 3 years. ~'i is currently offered for sale for $ ~ was offered for sa~e within the past: L~J 30days [_~ 1year [_~' 3yeare for $ ~ Of~edng information was considered in the final reconciliation of value. ~! O~edng information was not considered in the final reconciliation of value. '1 Offering information was not available. The reasons for unavailability and the steps taken by the appraiser are explained later in this addendum. [] SALES HISTORY OF SUBJECT PROPERTY According to Cumberland Co Courthouse the subject properly: [~ bas net transferred in the past twelve months. [] has not transferred in the past thirty-six months. [] b~ transferred in the past twelve months. ~ has transferred in tde past thirty-six months. ~ All pdor sales which have occurred in the past fwelve months are listed below and reconciled to the appraised value, either in the body of the report or in the addenda. Date Sales Price Document # Seller Buyer ~ CURRENT SALES CONTRACT [] The subject proped7 is currently not under contract. ~ The contract and/or escrow instructions were not available for review. The unavailability of the contract is explained later ir) the addenda section, ~ The contract and/or escrow instructions were reviewS. The following summarizes the contract: Contract Date Amendment Date Contract Price Seller Estate of Betty Hershey The contract indicated that personal property was not included in the sale. The contract indicated that personal property w~s included. It consisted o1 [] Personal property was not included in the final value estimate. i~ Personal properly was included in the tinal value estimate. [ ~i The contract indicated no financing concessions or other incentives. E~ The contract indicatad the followino concessions or incentives: Estimated contributory value is $ that the final value conclusion is in compliance with the Market Value defined herein. MARKET OVERVIEW include an explanation of current market conditions and trends, months is considered a reasonable marketing period for the subject property based on Stats from M LS ~ ADDITIONAL CERTIFICATION The Appraiser certifies and agrees that: (1) The analyses, opinions and conclusions were developed, and this report was prepared, in conformity with the Uniform Standards of Protassional Appraisal Practice ("USPAP"), except that the Depadure Provision of the USPAP does not apply. (2) Their compensation is nut contingent upon the repealing of predetermined value or direction in value that favors the cause of the client, tde amount of the value estimate, the attainment of a stipulated result, or the occurrence of a subsequent event. (3) This appraisal assignment was not based on a requested minimum valuation, a speeitic valuation, ortho approval of a loan. [] ADDITIONAL (ENVIRONMENTAL) LIMITING CONDITIONS The value estimated is based on the assumption that the properly is not negatively affected by the existence of hazardous substances or detrimental environmental conditions unless otherwise stated in this report. The appraiser is not an expert in the identification of hazardous substances or detdmental environmental conditions. The appraiser's routine inspection of and inquiries about the subject property did not develop any information that indicated any apparent significant hazardous substances or detrimental environmental conditions which wou~d affect the property negatively unless otherwise stated in this report. It is possible that tests and inspections made by a qualified hazardous substance and environmental expert would reveal the existence of hazardous substances or detrimental environmental conditions on er around the properly that would negatively affect its value. L~ ADDITIONAL COMMENTS ~ APPRAISER'S SIG NATU R~,/&/LIC E NSE/C ERTIFICATiO N Appraiser's Signature Appraiser's Name (print) ,'~l~herman GAA State Pa License' I i ~ , j Certification # Effective Date 12-21-2003 OataPrepared 2-3-2004 Phone # _( ) Ga-OOO149-L Tax ID # CO-SIGNING APPRAISER'S CERTIFICATION [] The ce-signiog appraiser has oersonalIv inspectad the subject property, bnh nside and out, and has made an extoder inspoctioo of all comparable sales listed in the report. The report was prepared by the appraiser under direct supervision of the co-signing appraiser. The co-signing appraiser accepts responsibility for the contents of the report including the value conclusions and the limiting conditions, and confirms that the ceriifications apply fully to the co-s~gning appraiser. ~ The co-signing appraiser bas not personally insuec ed be n e o o he subject properly and: [] has not inspected the exterior o he subject property and all comparable sales listed in the report, ~J has insbectad the axterior of the subject properly and all comparable sales listed io the report. b~, The repor~ was prepared by the appraiser under direct supervision of the co-signing appraiser. The co-signing appraiser accepts responsibility for the :: ~t,e, ~, u,l,~ tihe, :eo P.O~,.,.i.n,c, I,,u.d i.n,g, ~ ! e~ ~ a..I,u,,e..,.c~,.n_c I.u.s! .o.n.s,.~a~nd_ ~!!, I!~i!ing co?itioo~s,, an! conf!rms !hat the ~:editications apply fully to the co-s gn ng tate of Betty Hershey Airport Rd Lender Estimate of Market Value Subject Photo Page Countv Cumberland Sta~ Pa .Z~DCode 17257-9402 Subject Front 32 Airport Rd Sales Price 100,000 Gross Living Area 1,716 Total Rooms 7 Total Bedrooms 4 Total Bathrooms 1 Location Average View Average Site .67 acre double lot Quali[y Permst vin/avg Age 54 Subject Rear Subject Street B~_qow~r/Clieot Estate of Betty Hershey IF~IIy Address 32 Airport Rd ICity Shippensburg Lender Estimate of Market Value Comparable Photo Page County Cumberland State Pa Zip Code 17257-9402 Comparable 1 408 Sunset Lane Prox. to Subject 2 miles Sale Pdce 88,000 Gross Living Area 1,226 Total Rooms 6 Total Bedrooms 3 Total Bathrooms 2 Location Average View Average Site .22 NAvg Quality Alumn/avg Age 54 Comparable 2 2 Scrafford St Prox. to Subiect 1 mile Sale Pdce 84,500 Gross Living Ama 1,368 Total Rooms 6 Total Bedrooms 4 Total Bathrooms 1 Location Average View Average Site .23 NAvg Quality Alumn/avg Age 52 Comparable 3 225 Lurgan Ave Pmx. to Subject 2 miles Sale Pdce 88,500 Gross Living Area 1,456 Total Rooms 6 Total Bedrooms 4 TotaJ Bathrooms 2 LocalJon Average View Average Site .15 NAvg m M&TBank January 28, 2004 Law Offices Zullin§er-Davis 14 North Main Street Suite 200 Chambersbur§, PA 17201 499 Mitchell Street, Millsboro, DE 19966 RE: Estate of Betty J. Hershey Date of Death: December 21, 2003 Social Security Number: 201-16-2364 Dear Mr. Zullinger: In response to your request, please be advised that at the time of death, the above- named decedent had on deposit with this bank the following accounts. Account T~pe ........................... Checking Account Account Number ....................... 97290017 Ownership (Names o.0 ..............Betty J. Hershey Opening Date ........................... 01/28/80 (account closed 01 / 16/04) Balance on Date of Death. .........$4,489.42 Accrued Interest $ 0 ~2 Total. ...................................... $4,489.64 Sincerely, Charlene Warrington, Records Management 1-888-502-4349 FINAL SETTLEMENT DATE OF SALE PHONE,.r¥/-- '7 PROFESSIONAL FEES AUCTIONEER CLERK CASHIER $ $ $ OTHER EXPENSES CASH $ CHECKS $ OTHER RECEIPTS $ TOTAL RECEIPTS $ Or-/-'~o~' ~'~ $ ~ LESS TOTAL EXPENSES $ /~'~'~' ~ I (or we), the seller, accept this settlement and acknowledge receipt of the above specified net proceeds from the auction of my goods and property sold on the above date. I accept all responsibility for ~roviding m~.antable title to all goods, and property sold, and for delivery of title to the purchaser, r V .Auctioneer or Cashier's Signature ,S~/,er.s Sig~ahj~e)/~--~Da'e- / /OY CuD~berland County Register of Wills Estate of Betty J. Hershey Estate of Hershey, Betty J. also known as INVENTORY Deceased No. 21 04 0024 Date of Death 12/21/2003 Social Security No. 201162364 Personal Representative(s) of the above Estate, deceased, verify that the items appearing in the following inventory include all of the personal assets wherever situate and all of the real estate in the Commonwealth of Pennsylvania of said Decedent, that the valuation placed opposite each item of said inventory represents its fair value as of the date of the Decedent's death, and that Decedent owned no real estate outside the Commonwealth of Pennsylvania except that which appears in a memorandum at the end of this inventory. I/We verify that the statements made in this inventory are true and correct. I/We understand that false statements herein made are subject to the penalties of 18 Pa. C.S. Section 4904 relating to unsworn falsification to authorities. Persj;~lal Repres.en~t b/j~ Attorney: Joel R. Zullin,qer da Kelley~ LD. No.: 17516 Linde Wolfe Address: 14 North Main Street Dated C~'~/~,/~I-~/ Chambersbur,q PA 17201 '/ · Telephone: (717)264-6029 and Stocks & Bonds Description Closely-Held Corporation, Partnership or Sole-Proprietorship Mortgages & Notes Receivable Cash, Bank Deposits, & Misc. Personal Property Checking Account #97290017, M&T Bank, including interest accrued to date of death, with copy of verification letter attached Gross proceeds from sale of personal property by Dan Hershey Auctioneering (Attach Additional Sheets if necessary) Value 4,489.64 5,138.25 rotal 114,729.41 NOTE: The Memorandum of real estate outside the Commonwealth of Pennsylvania may, at the election of the personal representative, include the value of each item, but such figures should not be extended into the tota~ of the Inventory. RW-4 H~rshey, Betty J. Description of Inventory 1992 Ford Crown Victoria Description Continuation of Inventory Pa,qe 1 21 04 0024 Value 2,500.00 Real Estate Tract of real estate situate at 32 Airport Road, Shippensburg, PA, appraised by Tim L. Ausherman, with copy attached Refund, Sprint 102,500.00 27.16 Refund, Comcast Cable 1.36 Refund, car insurance 73.00 105,101.5/ Subtotal $ Grand Total $ 114,729.4 BUREAU OF INDIVIDUAL TAXES INHERTTANCE TAX DTVTS/ON PO BOX 280601 HARRTSBURG, PA 17128-0601 COMMONNEALTH OF PENNSYLVANZA DEPARTMENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLO#ANCE OR DZSALLONANCE OF DEDUCTIONS AND ASSESSMENT OF TAX REV-ZEgi7 EX AFP (09-0¢i) JOEL R ZULLINGER ZULLINGER DAVIS lq N MAIN ST STE 200 CHAMBERSBURG PA 17201 DATE 11-15-200q ESTATE OF HERSHEY BETTY DATE OF DEATH FILE NUMBER 21 YOq'OO2r~: COUNTY CUI~BERLAND~' ACN 101 Amount Remitte~ MAKE CHECK PAYABLE AND ~IT PAYMENT TO: REGISTER OF HILLS CUMaERLAND CO COURT,USE CARLISLE, PA 1701~ CUT ALONG THIS LINE ~ RETAIN LONER PORTION FOR YOUR RECORDS ~ REV-1547 EX AFP (01-03) NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLONANCE OR DISALLONANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF HERSHEY BETTY d FILE NO. 21 Oq-OO2q ACN 101 DATE 11-15-200q TAX RETURN NAS: (X) ACCEPTED AS F/LED ( ) CHANGED RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (Schedule A) (1) 2. Stocks and Bends (Schedule B) (2) $. Closely Held Stock/Partnership Interest (Schedule C) ($) q. Mortgages/Notes Receivable (Schedule D) (q) 5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) (6) 7. Transfers (Schedule g) (7) 8. ToteZ Assets APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funere! Expenses/Ado. Costs/Misc. Expenses (Schedule H) (9) ZO. Debts/Mortgage Liabilities/Liens (Schedule I) (~0} TotaZ Deductions Net Ve~ue of Tax Return 102~500.00 .00 .00 .00 12~229 .~1 .00 62~295.00 (s) 18,65q.98 15~8qq.51 (11) (12) 15. lq. NOTE: ASSESSMENT OF TAX: 15. Amount of Line Zq et Spouse1 rate 16. Amount of Line Zq taxable at Lineal/C~ass A rate 17. Amount of Line lq et Sibling rate 18. Amount of Line lq taxable at Collatera1/Class B rate 19. Principal Tax Due TAX CREDITS PAYMENT RECEIPT OISCOUNT DATE NUMBER INTEREST/PEN PA~D (-) O~-lS-200q CD00~680 $20.72 Charitable/governmental Bequests; Non-elected 9115 Trusts (Schedule J) (15) Net Value of Estate Sub,eot to Tax (lq) If an assesseent ~as issued previously, lines 14, 15 and/or 16, 17, reflect figures that lnclude the total of ALL returns assessed to date. NOTE: To insure proper credit to your account, submit the upper portion of th~s fore with ~our tax payment. 177,022.~1 ~.~79.~9 lq2,5q2.92 .00 lq2,5q2.92 18 and 19 will (].;) .00 x O0 : .00 (16) lq2,5q2.92 x OqS= 6,qlq.q$ (17) . O0 x 12 = . O0 (~8) .00 x 15 = .00 (~)= 6,qlq.q$ AMOUNT PAID IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. 7,267.50 TOTAL TAX CREDIT 7,588.22 BALANCE OF TAX DUEI 1,175.79CR INTEREST AND PEN. .00 TOTAL DUE 1,17~.79CR ( IF TOTAL DUE IS LESS THAN $1, NO PAYMENT ZS REQUIRED. ZF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) RESERVATION: Estates of decedents dying on or before December 1Z, 1982 -- if any futura interest in the estate is transferred in possession or anjoyeent to Class B (colLateral) beneficiaries of the decedent after the expiration of any estate for lifo or for years, the Commonwealth hereby expressly reserves the right to appraise end assess transfer Inheritance Taxes at tho laaful Class B (collateral) rate on any such future interest. PURPOSE OF NOTICE: PAYNENT: REFUND (CR): OBJECTIONS: ADMIN- ISTRATIVE CORRECTIONS: DISCOUNT: PENALTY: INTEREST: To fulfill the requirements of Section 2140 of the Inheritance and Estate Tax Act~ Act 25 of ZOO0. (7Z P.S. Section 9140). Detach the top portion of this Notice and submit aith your payment to the Register of Hills printed on the reverse side. --Hake check or money order payable to: RESXSTER OF HILLS, AGENT A refund of a tax credit, which wes not requested on the Tax Return, may be requested by completing an "Application for Refund of Pennsylvania Inheritance and Estate Tax'* (REV-XS13). Applications are available online at aww.revenue.state.pa.us, any Register of Rills or Revenue District Office, or from the Department's Z4-hour ensearing service for forms orders: 1-800-362-2050~ services for taxpayers aith special hearing and/or speaking needs; 1-800-447-3020 (TT only). Any party in interest not satisfied eith the appraisment, a11oeance or disaXloaance of deductions or assessment of tax (including discount or interest) as sheen on this Notice may object within 60 days of the date of receipt of this notice by fixing one of the following: A) Protest to the PA Department of Revenue, Board of Appeals. You may object by fixing a protest online at www.boardofappaals.state.pa.us on or before the expiration of the sixty-day appeal period. Xn order for an electronic protest to be valid, you must receive a confirmation number and processed date from the Board of Appeals website. You may also send a arittan protest to PA Department of Revenue, Board of Appeals P.O. Box 281021, Harrisburg, PA 17128-1021. Petitions may not be faxad. B) Election to have the matter determined at the audit of the account of the personal representative. C) Appeal to the Orphans° Court. Factual errors discovered on this assessment should be addressed in aritin9 to: PA Department of Revenue, Bureau of Xndividua! Taxes, ATTN: Post Assessment Review Unit, P.O. Box 280601, Harrisburg, PA 17126-0601 Phone (717) 787-6505. Sea page 5 of the booklet 'Xnstructians for inheritance Tax Return for a Resident Decedent" (REV-1501) for an explanation of administratively correctable errors. Xf any tax due is paid aithin three (3) calendar months after the decedent's death, a five percent (51) discount of the tax paid is alXoaed. The 151 tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not paid before January 18, 1996, the first day after the end of the tax amnesty period. This non-participation penalty is appealable in the same manner end in the the same tiaa period as you would appeal the tax and interest that has been assessed as indicated on this notice. interest is charged beginning with first day of delinquency, or nine (9) months and one (1) day from the date of death, to the date of payment. Taxes which became delinquent before January 1, 1981 bear interest at the rate of six (61) percent par annum calculated at a daily rate of .000164. Al1 taxes which became delinquent on and after January 1, 1982 will bear interest et · rate #hich wiXX vary from calendar year to calendar year mith that rate announced by the PA Department of Revenue. Tho applicable interest rates for 1981 through 2004 are: Interest Da[Iv Interest Daily Xntarest Daily Year Rate Factor Year Rate Factor Year Rate Factor ~ ZOZ .000548 ~'8-1991 1XZ .000501 ~ 9X .000247 1983 162 .000438 1992 92 .000Z47 ZOOZ 62 .000164 1984 lXX .000301 1993-1994 7Z .00019Z 2003 5Z .000137 1985 13Z .000556 1995-1998 92 .000247 2004 4Z .000110 1986 lOX .000274 1999 7Z .000192 1987 XOZ .000Z74 ZOO0 72 .000192 --Xnterest is calculated as folXoas: XNTEREST = BALANCE OF TAX UNPA/D X NUHBER OF DAYS DELXNQUENT X DALLY TNTEREST FACTOR --Any Notice issued after the tax becomes delinquent will reflect an interest calculation to fifteen (15) days beyond the date of the assessment. If payment is made after the interest computation date shown on tho Notice, additional interest must ba calculated. BUREAU OF INDIVlIilp.Q;l~~S ni:i:iI:~ nf INHERITANCE TAX DIVIS~~:' " ..,-' '. . '.,1<1-11':, PO BOX Z8060l h' : '-, HARRISBURG, PA 171Z8-06n1 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE INHERITANCE TAX STATEMENT OF ACCOUNT *' REV.U07 EX AFP (09-04) 7~]C; '."! 1[-, D,e", '., 3: L,.O ... t' .} '" ...,,'1. ~ - CLfTr< 0:: ORF'H;\\1'~', JOEL R ilUliCINGER' ZULLINGER DAVIS 14 N MAIN ST STE 200 CHAMBERSBURG PA 17201 DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 12-13-2004 HERSHEY 12-21-2003 21 04-0024 CUMBERLAND 101 BETTY J Allount Remitted MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 NOTE: To insure proper credit to your account} submit the upper portion of this form with your tax payment. CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ ~~:r&~,r.!5r.A'~..r51~.6!1.......i;.."fA~!~e1r"f~5r.~~"r!A1nrr.b1r.~~l:DO~...j(i..................... ESTATE OF HERSHEY BETTY J FILE NO.21 04-0024 ACN 101 DATE 12-13-2004 THIS STATEMENT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NAMED ESTATE. SHOWN BELOW IS A SUMMARY OF THE PRINCIPAL TAX DUE, APPLICATION OF ALL PAYMENTS, THE CURRENT BALANCE, AND, IF APPLICABLE, A PROJECTED INTEREST FIGURE. DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 11-15-2004 PRINCIPAL TAX DUE:. 6,414.43 PAYMENTS (TAX CREDITS): PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) 03-15-2004 CD003680 320.72 ~ 7,267.50 11-24-2004 REFUND .00 1,173.79- TOTAL TAX CREDIT 6,414.43 BALANCE OF TAX DUE .00 INTEREST AND PEN. .00 . IF PAID AFTER THIS DATE, see REVERSE TOTAL DUE .00 SIDE FOR CALCULATION OF ADDITIONAL INTEREST. ( IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" ICRI, YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. I ~~K