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HomeMy WebLinkAbout04-0475UNIVES'F Financial Solutions For Life November 12, '20~#~- Register of Wills Cumberland County Courthouse One Court House Square Carlisle, PA 17013-3387 Trust Estate of Dr. Robert H. Smith, Deceased Social Security Number - 350-16-6861 File number 2104-0475 Dear Register of Wills: Enclosed are two copies of the Pennsylvania Inheritance tax form REV-1500 on the above captioned trust estate. Also enclosed is our tax payment in the amount of $960.42. Please send us your Official Receipt for this payment. Since the majority of the assets were held in Trust with our bank, there was no need to probate the Will. I am enclosing a copy of the official receipt evidencing our estimated payment and file number. Thank you. JCK:lbg Enclosure cc: Michael J. Maransky, Esquire Marilyn L. Smith Sincerely, Univest National Bank & Trust Co. · 14 North Main Street · P.O. Box 64197 · Souderton, PA 18964-0197 (215) 721-2400 · www. univest-corp.com · Member FDIC · Equal Housing Lender 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 NO. CD 0O4644 KAZARY JOHN C 14 NORTH MAIN STREET P.O. BOX 64197 SOUDERTON, PA 18965-0197 ....... foil~ ESTATE INFORMATION: SSN: 350-16-6861 FILE NUMBER: 2104- 0475 DECEDENT NAME: DATE OF PAYMENT: POSTMARK DATE: SMITH ROBERT H 11/17/2004 11/16/2004 COUNTY: CUMBERLAND DATE OF DEATH: 02/16/2004 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 ~960.42 REMARKS: TOTAL AMOUNT PAID: $960.42 SEAL CHECK# 40380 INITIALS: JA RECEIVED BY: GLENDA FARNER STRASBAUGH REGISTER OF WILLS REGISTER OF WILLS UNIVES'; Financial Solutions For Life May 12, 2004 .11222--2- Ms. Frances V. Pierce, Register of Wills Montgomery County Courthouse P.O. Box 311 RE~ISTER OF Norristown, PA 19404-0311 ~,or (,j~ al.../~ .. MONTGOMERY C . RE: Trust Estate of Dr. Robert H. Smith, Deceased Social Security Number - 350-16-6861 Dear Ms. Pierce: ~' Enclosed is our check in the amount of $4,500.00 representing a payment on account of the Pennsylvania Inheritance Tax due from the above-captioned Trust Estate. The Inheritance Tax Return will be sent to you shortly, but we are making the tax payment at this time to take advan- tage of the 5% discount. I~~q Please send us your Ofticial Receipt for this payment. Since the majority of the assets were held in Trust with our bank, there was no need to probate the Will. A death certificate is enclosed for your records along with a check for $25.00 made payable to Register of Wills to pay for a file number. Please inform us of the Register of Wills file number you have assigned to this account. Thank you. JCK:vm Enclosures cc: Michael J. Maransky, Escl~[l:e Sincerely, Univest National Bank & Trust Co. · 14 North Main Street · P.O. Box 64197 · Souderton, PA 18964-0197 (215) 721-2400 · www. univest-corp.com · Member FDIC · Equal Housing Lender ~ Member FDIC Trust Account # Tran # Administrator Date Frequency 21262300 14878050 John C. Kazary 05/12/04 No. 35258 Portfolio Amount Principal $4,500.00 Trust A/C Name: Paid To: Robert H. Smith Register of Wills, Agent Taxes - Other Estimated inheritance tax payment for Robert H. Smith PLEASE DETACH BEFORE DEPOSITING 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 NO. CD REV-1162 EX(11-96) 003956 KAZARY JOHN C 14 NORHT MAIN STREET P.O. BOX 64197 SOUDERTON, PA 18965-0197 ........ fold ESTATE INFORMATION: SSN.. 350-16-6861 FILE NUMBER: 2104-0475 DECEDENT NAME: SMITH ROBERT H DATE OF PAYMENT: 05/1 9/2004 POSTMARK DATE: 05/13/2004 COUNTY: CUMBERLAND DATE OF DEATH: 02/16/2004 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 I $4,500.00 I I REMARKS: TOTAL AMOUNT PAID: $4,500.00 SEAL CHECK# 35258 INITIALS: JA RECEIVED BY: GLENDA FARNER STRASBAUGH REGISTER OF WILLS REGISTER OF WILLS MONTGOMERY COUNTY REGISTER OF WILLS CLERK OF THE ORPHANS' COURT COURT HOUSE P.O. BOX 311 NORRISTOWN, PENNSYLVANIA 19404-0311 REGISTER OV WILLS CUMBERLAND COUNTY COURTHOUSE t COURTHOUSE SQUARE CARLISLE, PA 17013-3387 his is to certify that the information here given is correctly copied from an original certificate of death duly filed with me as Local 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. ,~.~-~.',,? FEB 1 7 200t P 9 8 5 0 212 ~~%~ No. Date COMMONWEALTH OF PENNSYLVANIA · DEPARTMENT OF HEALTH · VITAL RECORDS CERTIFICATE OF DEATH ,. Dr. Robert H. [~x ]socw. ~ 1~ ~,~,~.t~ ,~,.,~ L---- ........... I -=.---=.,,--'-----. .Cuaberland Cou.ty ~ppes_~Ll,~; 7 Dos.ood Drive ~--~-- ~ite Medical Doctor I,~ealth Care I,t ~ I,', ~' I ""'~' /,. ~,,~ Martlyn L. Byer 567 Dogwood Drive ~ ,~ Pennsylvania ~ ,~~ Doner ~len To~shto ~ Hechanicsburg, PA 17055 Cumberland ~' ,~~ 567 Do~wood Drive, Mechanicsbur~, PA 17055 Grantham Memorial Park ]~Grantham, PA 17027 Joseph A. Smith L. Smith ~,~ 0 ,.E~ ,-0 CAPB HpRL EP 10 CRAC KOTK ES C P o 0 R N R D E E S N T C o M P T U A T X A T I o N OFFICIAL USE ONLY AEV-1500 EX + (6~OO) REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT COUNTY CODE YEAR SOCIAL SECURITY NUMBER 350-16-6861 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE FILE NUMBER D E C E D E N T COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARAISBURG,PA 17128-0601 DECEDENT'S NAME (lAST, FIRST,AND MIDDLE INITIAL) Smith Dr. Robert H. DATE OF DEATH (MM-DD-YEAR) NUMBER 21-04-0475 REGISTER OF WILLS SOCIAL SECURITY NUMBER INITIAL Smith, Maril X 1. Original Return X 4. limited Estate X 6. Decedent Died Testate L. 549-46-6058 3 R I date of death . ema nder Return prior to 12-13-82) 5. Federal Estate Tax Return Required 8. Total Number of Safe Deposit Boxes 2. X 4a. X 7. Supplemental Return Future Interest Compromise (date of death after 12-12-82} Decedent Maintained a living Trust (Attach copy of Trust) o (Attach copy of WllI) o 9. litigation Proceeds Received 010. IKI 11. Election to tax under Sec. 91 13{A) (Attach Sch 0) John C. Kazar , Trust Officer FIRM NAME (If Applicable) Univest National Bank and Trust CO. TELEPHONE NUMBER Univest National Bank and Trust Co. 14 N. Main Street, P.O. Box 64197 Souderton, PA 18964-0197 R E C A P I T U L A T I o N 99-295 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Corporation, Partnership or SOle-Proprietorship 4. Mortgages & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) o Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) (Schedule G or L) B. 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. Tolal Deductions (total Lines 9 & 10) 12. Net Value of Estate (Line 8 minus Line 11) 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J) 14. Net Value Subject to Tax (Line 12 minus Line 13) 1...:,--;' (8) 501,770.68 (11) 37.712.75 (12) 464,057.93 (13) (14) 464,057.93 (1) (2) (3) OFFICIAk:l;ISE ONLY ~'_' i None 2,408.08 -0- (4) (5) None 48,377.37 j'.,"l ..,,:i (6) None 450,985.23 20,153.21 17,559.54 SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116(aX1.2) 16. Amount of Line 14 taxable at lineal rate 17. Amount of Line 14 taxable at sibling rate 18. Amount of Line 14 taxable at collateral rate 19. Tax Due 20. 337,452.24 126,605.69 0.00 0.00 .0 0 .0 45 .12 .15 (15) (16) (17) (18) (19) x X X X 0.00 5,697.26 0.00 0.00 5,697.26 0- Copyright (cl 2000 form software only The Lackner Group, Inc. Form REV-1500 EX (Rev. 6-00) Decedent's Complete Address: STREET ADDRESS 567 Dogwood Drive CITY I STATE I ZIP Mechanicsburg PA 17055 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1) 5,697.26 0.00 4,500.00 236.84 Total Credits ( A + B + C) (2) 4,736.84 3. Interest/Penalty jf applicable D. Interest E. Penalty TotallnterestlPenalty ( D + E) (3) 4. If Line 2 is greater than Line 1 + line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 line 20 to request a refund (4) 5. If Line 1 + Line 3 is greater than Une 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 S + SA. This is the BALANCE DUE. (5B) . .. Make Check. Payable to: . . . REGISTER OF WILLS, AGENT . ." """';'!"!'h;:!:::~i::i;::,::.~'...]:m:!,.!:;_.l!lm!]:)i!),:!::i!i!i!i!!ii,!:!lllij]:r:li]iiiiiiii::1!1iii!!l1mml!m!11jiilililll!I!!!lllliiIJ!!JIlIIliJ@m!i!::!:i!!!!!!!!!liiiililllllimmmmil!i:!i!!i!ii !lililllii!iil!!!@jll!illlii!i!liiiiliWWiliilii!!iiimm!WliWliili!!i..i~::::::::~':.;:i!:i~::1i:i:!,,:!':'~:?!!:;i;i:ii::!:;: PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE ElLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred; . mix ~ b. retain the right to designate who shall use the property transferred or its income; . c. retain a reversionary interest; or. . . d. receive the promise for life of either payments, benefits or care? . . . 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? . . 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. 0.00 0.00 960.42 0.00 960.42 o o (]] (]] m o Under penalties of perJury, I declare that I have examIned this return, including accompanying schedules and statements, and to the best of my knowledge and belief, It is true, correct and complete. Declaration of preparer other than the per$onal representative 1$ based on all Information of which preparar has any knowledge. SIGNATURE OF PERSON RESPONSIBLE FOR FIl.ING RETURN Univest National Bank and Trust CO. OA.TE -i~~~~,:~~~;-~~r:~i-~~6tgi-9~'?"--~~~JL-------- II! ['3-{voL{- DATE JA,. /) ck . r/~~... r/ ~---.--.J. -------~-------- ----------------------------------- 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 at death on or atter January 1,1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0'% [72 P.S. 9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are 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 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) [72 PS. 9116(aX1)). 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(aX1.3)]. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. Copyright (e) 2000 form software only The Lackner Group, Inc. Form REV-1500 EX (Rev. 6,00) ADDITIONAL Personal Representatives Estate of Dr. Robert H. Smith SS# 350-16-6861 02/16/2004 ******************************************************** Under penalties of perjury, the undersigned declare that they have examined this return, including accompanying schedules and statements, and to the best of their knowledge and belief, it is true, correct and complete. Signature , f~i;;r ,;7. ~~ Marilyn L. Smith 567 Dogwood Drive Name Address Line 1 Address Line 2 City, State, Zip Mechanicsburg, PA 17055-6176 Date r l) /:2 J' I C'l AEV-1503 EX t (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE T/JJ( RETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF FILE NUMBER Dr. Robert H. Smith SSfl 350 -16 - 6861 02/16/2004 21-04-0475 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1 51.72 VALUE AT DATE OF DEATH 2,408.08 DESCRIPTION 46.56 shs Fidelity Growth Company - eusip #316200104 UNIT VALUE Worthless Securities 2 Alert Centre Inc. - cusip f101446T106 3 Eastern Empire Corp - cusip f/276368107 4 Oxidyne Group, Inc. - cusip f/436857106 5 Worleo Inc. - eusip fl981414105 0.00 0.00 0.00 0.00 (If more space is needed, insert additional sheets of the same size) Copyright (e) 1996 form software only CPSystems, Inc. TOTAL (Also enter on line 2, Recapitulation) 2,408.08 Form REV-1503 EX (Rev. 1-97) REV-1504 EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Dr. Robert H. Smi.th SCHEDULE C CLOSELY-HELD CORPORATION, PARTNERSHIP or SOLE-PROPRIETORSHIP SSft 350-16-6861 02/16/2004 FILE NUMBER 21-04-0475 Schedule C-l or C-2 (Including all supporting information) must be attached for each closely-held corporation/partnership interest of the decedent, other than a sole-proprietorship. See instructions for the supporting information to be submitted for sole-proprietorships. ITEM NUMBER 1 DESCRIPTION East Meadow Associ.ates - .960737% i.nterest has a demi.ni.mus value VALUE AT DATE OF DEATH 0.00 2 Iowa II Partners - 1/2 uni.t i.nterest has a demi.ni.mus value 0.00 TOTAL (Also enter on line 3, Recapitulation) $ 0.00 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1S04 EX (Rev. 1-97) AEV-150B EX t{1-97) COMMONWEALTH OF PENNSYLVANIA INHEAITANCET/1V{ RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ITEM NUMBER 1 DESCRIPTION Fidelity Savings account #241-383347 - cash balance VALUE AT DATE OF DEATH 0.55 2 CNA - refund from cancellation of long term care policy 1,156.82 3 CNA insurance claim on long term care policy 25.00 4 199 BMW 323i - value based on appraisal by Sun Motor Cars BMW (see appraisal attached) 14,000.00 5 Coin collection - value based on appraisal by Alderfer Auction Co. (see appraisal attached) 33,195.00 TOTAL (Also enter on line 5, Recapitulalion) $ 48,377 . 37 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1508 EX (Rev. 1-97) REV-1510 EX +(1.97) SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Dr. Robert H. Smith 02/16/2004 SS1! 350-16-6861 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page 2 is yes. ITEM NUMBER A DESCRIPTION OF PROPERTY INCLUDETH~NAME OF THE TRANSFEREE THEIR RELATIONSHIP TO DECEDENT AND THE DATEOF TRANSFER. ATTACH ACOPYOFTHE DEED FOR REAL ESTATE. Annuities & IRAs: DATE OF DEATH VALUE OF ASSET % OF DECO'S INTEREST EXCLUSION (IF APPLICABLE) 1 120,023.26 MONY Annuity contract #B6014-22-20 - payable to decedent's spouse 2 45,678.79 MONY IRA Annuity contract #B1200-24-00 - payable to decedent's trust 3 67,849.85 Univest National Bank and Trust - individual retirement account - #54155800, payable to decedent's spouse Accrued income through date of death - item 3 96.61 B On 6/29/89, decedent created a trust with Union National Bank & Trust Company of Souderton and Marilyn L. Smith as Trustees (see attached copy of Trust Agreement and subsequent amendments). Assets in trust as of date of death are as follows: Common Stock 1 200 shares American IntI Group Inc - cusip 11026874107 15,009.00 2 200 shares Cardinal Health Inc - cusip #14149Y108 13,018.50 3 300 shares Cisco Systems Inc - cusip #17275R102 7,274.25 4 200 shares Colgate Palmolive Co - cusip 1/194162103 11,079.50 Total of Continuation Schedu1e(s) TOTAL (Also enter on line 7, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) Copyright (el 1996 form software only CPSystems, Inc. FILE NUMBER 21-04-0475 TAXABLE VALUE 120,023.26 45,678.79 67,849.85 96.61 15,009.00 13,018.50 7,274.25 11,079.50 170,955.47 450,985.23 Form REV-1510 EX (Rev. 1-97) Estate of: Dr. Robert H. Smith Soc Sec #: 350-16-6861 Date of Death: 02/16/2004 Continuation of Schedule G (Inter-Vivos Transfers & Misc. Non-Probate Property) Item Description of Property 1t Date of Death % Decd Exclusion Taxable Value Value of Asset Intrst 5 300 shares Comcast Corp New Class A Sp1 - cusip #20030N200 8,773.50 8,773.50 Accrued dividend through date of death - item 9 13,756.50 13,756.50 13 ,153.50 13,153.50 10,410.00 10,410.00 6,578.75 6,578.75 55.00 55.00 13,201. 00 13 ,201. 00 9,161.25 9,161.25 12.00 12.00 8,695.00 8,695.00 11,905.00 11,905.00 11,274.00 11,274.00 6,740.25 6,740.25 15,060.00 15,060.00 68.00 68.00 6 200 shares Conocophi11ips cusip #20825C104 7 200 shares Deere & Co - cusip #244199105 8 300 shares Dell Inc. cusip #24702R101 9 100 shares Exe10n Corp - cusip #30161N101 10 400 shares General Electric Co - cusip #369604103 11 300 shares Intel Corp cusip #458140100 Accrued dividend through date of death - item 11 12 200 shares International Paper Co - cusip #460146103 13 200 shares Johnson Controls Inc - cusip #478366107 14 400 shares MBNA Corporation - cusip #55262L100 15 300 shares Nokia Corp cusip #654902204 16 400 shares Pfizer Inc - cusip #717081103 Accrued dividend through Estate of: Dr. Robert H. Smith Sac Sec #: 350-16-6861 Date of Death: 02/16/2004 Continuation of Schedule G (Inter-Vivos Transfers & Misc. Non-Probate Property) Item Description of Property II Date of Death % Decd Exclusion Taxable Value Value of Asset Intrst date of death - item 16 17 200 shares SBC Communications Ine - cusip I178387G103 4,975.50 4,975.50 18 200 shares Wa1-Mart Stores Inc - cusip #931142103 11 ,392 . 00 11,392.00 19 400 shares Wells Fargo & Co New - cusip #949746101 23,008.00 23,008.00 Accrued dividend through date of death - item 19 180.00 180.00 Mutual Fund 20 440.926 shares Federated Kaufmann Fund #066 - cusip #314172677 2,270.77 2,270.77 Money Market Funds 21 $18.96 Univest National Bank Money Market Fund - principal investment fund 18.96 18.96 Accrued interest through date of death - item 21 0.01 0.01 22 $266.37 Univest National Bank Money Market Fund - income reinvestment fund 266.37 266.37 Accrued interest through date of death - item 22 0.11 0.11 170,955.47 REV-15t1 EX + (1 ~97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF Dr. Robert H. Smith Debts of decedent must be reported on Schedule I. ITEM NUMBER A. B. 1. 2. 3. SSfl 350-16-6861 02/16/2004 FILE NUMBER 21-04-0475 DESCRIPTION AMOUNT 1 FUNERAL EXPENSES: Cocklin Funeral Home, Inc. funeral expenses 6,898.81 2 Baughman Memorial Works Inc. - headstone 989.40 3 Marilyn Smith - memorial service and meal 265.00 ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Univest National Bank Social Security Number(s) I EIN Number of Personal Representative(s) Street Address 14 N. Main Street, P.O. Box 64197 City Souderton State PA 5,000.00 and Trust Co. Zip 18964-0197 Year(s) Commission Paid: Attorney'sFees Fox, Rothschild, O'Brien & Frankel, LLP Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address 7,000.00 City Relationship of Claimant to Decedent State Zip 4. Probate Fees S. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs TOTAL (Also enter on line 9. Recapitulation) $ 20,153.21 (If more space is needed, insert additional sheets of the same size) Copyright (e) 1996 form software only CPSystems, inc, Form REV-1511 EX (Rev. 1 ~97) REV.1512 EX + (1.97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Dr. Robert H. Smith SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, AND LIENS SSII 350 -16 - 6861 02/16/2004 FILE NUMBER 21-04-0475 Include unreimbursed medical expenses. ITEM NUMBER DESCRIPTION 1 BMW Credit - BMW car loan AMOUNT 17,559.54 TOTAL (Also enter on line 10, Recapitulation) $ 17,559.54 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1512 EX (Rev. 1-97) REV-1513 EX + (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCETIV< RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES 1 NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116(a)(1.2)] Marilyn L. Smith 567 Dogwood Drive Mechanicsburg, PA 17055 RELATIONSHIP TO DECEDENT Do Not List Trustee(s) FILE NUMBER 21-04-0475 AMOUNT OR SHARE OF ESTATE ESTATE OF Dr. Robert H. Smith SS{I 350-16-6861 02/16/2004 NUMBER I. Spouse Personal prop; Trust remainder not disclaimed; Beneficiary of Disclaimer Trust with income for life and principal for maintenance and support per Amendment to Amended and Restated Revocable Trust Agreement Article VI. ENTER DOLLAR AMTS. FOR DISTRIBUTIONS SHOWN ABOVE ON LN. 15 THRU 18, AS APPROPRIATE, ON REV 1500 COVER SHEET II. NON- TAXABLE DISTRIBUTIONS, A. SPOUSAL DISTRIBUTIONS UNDER SEC. 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS ~ TOTAL OF PART 11- ENTER TOTAL NON- TAXABLE DISTRIBUTIONS ON LINE 13 OF REV 1500 COVER SHEET $ (If more space is needed, insert additional sheets of the same size) Copyright (c) 2000 form software only The Lackner Group, Inc. 0.00 Form REV-1513 EX (Rev. 9-00) Estate of: Dr. Robert H. Smith Soc Sec #: 350-16-6861 Date of Death: 02/16/2004 Item If Continuation of Schedule J, Part I (Taxable Bequests) Name and Address of Beneficiary Relationship Amount or Share of Estate Upon death of Marilyn L. Smith: 2 Jean Hunsberger 1112 North Fourth Philadelphia, PA 3 Shirley Zagorski 335 Clemens Road Harleysville, PA Daughter Street 19123 Daughter 19438 One of two shares of trust remainder per Amendment to Amended and Restated Revocable Trust Agreement Article V. One of two shares of trust remainder per Amendment to Amended and Restated Revocable Trust Agreement Article V. REV-1514 EX.. (9-00) SCHEDULE K LIFE ESTATE, ANNUITY & TERM CERTAIN Check Box 4 on Rev-1500 Cover Sheet ESTATE OF FILE NUMBER Dr. Robert H. Smith SS# 350-16-6861 02/16/2004 21-04-0475 This schedule is to be used for aU single life, joint or successive life estate and term certain calculations. For dates of death prior to 5-1-89, actuarial factors for single life calculations can be obtained from the Department of Revenue, Specialty Tax Unit. Actuarial factors can be found in IRS Publication 1457, Actuarial Values, Alpha Volume for dates of death on or after 5-1-89. Indicate the type of instrument which created the future interest below and attach a copy to the tax return. COMMONWEALTH OF PENNSYLVANIA INHERITANCETfIj{ RETURN RESIDENT DECEDENT Copy #1 o Will IKJ Intervivos Deed of Trust o Other NAME(S) OF LIFE TENANT(S) DATE OF B[RTH TERM OF YEARS LIFE ESTATE [S PAYABLE Mar 11 L. Smith 07/21/33 71 Term of Years Term of Years Term of Years Term of Years 1. Value of fund from which life estate is payable 2. Actuarial factor per appropriate table Interest table rate - D 31/2% D 6% D 10% 3. Value of life estate (Line 1 multiplied by Line 2) $ 208,927.17 0.39402 [Jg Variable Rate 4.2 % $ 82,321. 48 DATE OF B[RTH TERM OF YEARS ANNU[TY IS PAYABLE Term of Years Term of Years Term of Years Term of Years 1. Value of fund from which annuity is payable 2. Check appropriate block below and enter corresponding (number) Frequency of payout - 0 Weekly (52) 0 Bi-weekiy (26) o Quarter[y (4) 0 Semi-annually (2) 0 Annually (1) 3. Amount of payout per period 4. Aggregate annual payment, Line 2 multiplied by Line 3 5. Annuity Factor (see instructions) Interest table rate - D 3 1/2% D 6% D 10% D Variable Rate 6. Adjustment Factor (see instructions) 7. Value of annuity - If using 3 1/2%,6%, 10%, or if variable rate and period payout is at end of period, calculation is: Line 4 x Line 5 x Line 6 If using variable rate and period payout is at beginning of period, calculation is: (Line 4 x Line 5 x Line 6) + Line 3 0.00 o o Monthly (12) o Other ( ) 0.00 0.00 0.0 0.0000 0.0000 % 0.00 0.00 NOTE: The values of the funds which create the above future interests must be reported as part of the estate assets on Schedules A through G of this tax return. The resulting life or annuity interest(s) should be reported at the appropriate tax rate on Lines 13, 15, 16, 17 and 18. (If more space is needed, insert additional sheets of the same size) Copyright (c) 2000 form software only The Lackner Group, Inc. Form REV-1514 EX (Rev. 9-00) REV-1647 EX +(9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE M FUTURE INTEREST COMPROMISE (Check Box 40 on Rev-1500 Cover Sheet) ESTATE OF Dr. Robert H. Smith SS# 350-16-6861 02/16/2004 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. FILE NUMBER 21-04-0475 nWiII rxl Trust nOther I. Beneficiaries NAME OF AGE TO BENEFICIARY RELATIONSHIP DATE OF BIRTH NEAREST BIRTHDAY 1. Mar il vn L. Smith Spouse 07121/1933 71 2. 3. 4. 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. n Limited riaht of withdrawal n Unlimited riaht of withdrawal III. Explanation of Compromise Offer: Mar iln L. Smith is the income beneficiary of a trust valued at $332,256.14, of which $123,328.97 consists of life insurance proceeds. Based on her age and our understanding that she has sufficient income and assets to support her, we consider the invasion of principal to be unlikely. The remainder, at the death of Marilyn L. Smith, is to be distributed equally to the two daughters. Value of Fund Subject to Tax $208,927.17 Life Estate Factor (4.2%) .39402 Value of Life Estate $ 82,321. 48 Remainder - taxable at 4.5% $126,605.69 IV. Summary of Compromise Offer: 1. Amount of Future Interest. . . . . . . . . . . . $ 332,256.14 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) . . . .$ 123,328.97 (life insurance 3. Value of Line 1 passing to spouse at appropriate tax rate Check One 06%, 03%, []O% . .$ 82,321. 48 (also include as part of total shown on line 15 of Cover Sheet) 4. Value of Line 1 taxable at lineal rate Check One 06%, [K] 4.5% .. . . . ,$ 126,605.69 (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 7. Total Value of Future Interest (sum of Lines 2 thru 6 must equal Line 1) . . . .. . $ 332,256.14 (If more space is needed, insert additional sheets of the same size) Copyright (c) 2000 form software only The Lackner Group. Inc. Form REV-1647 EX (Rev. 9-00) AEV-1649 EX +(1/97) COMMONWEALTH OF PENNSYLVANIA INHEAITANCET/J:)( RETURN RESIDENT DECEDENT SCHEDULE 0 ELECTION UNDER SEC. 9113(A) (SPOUSAL DISTRIBUTIONS) ESTATE OF FILE NUMBER Dr. Robert H. Smith SS# 350-16-6861 02/16/2004 21-04-0475 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 Disclaimer Trust Trust (marital, residual A, B, By-pass, Unified Credit, etc.). If a trust or similar arrangement meets the requirement 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 similar 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 O. The denominator is equal to the total value of the trust or similar arrangement. PART A: Enter the description 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 arran ement. DESCRIPTION VALUE 1 Univest National Bank and Trust Co. and Marilyn L. Smith, Trustees for the Robert H. Smith Disclaimer Trust FBO Marilyn L. Smith with remainder to two daughters. 332,256.14 Part A Total PART B: Enter the description and value of all interests included in Part A for which the Section 9113 (A) election to tax is bein DESCRIPTION 332 256.14 made. VALUE 1 Univest National Bank and Trust Co. and Marilyn L. Smith, Trustees for the Robert H. Smith Disclaimer Trust FBO Marilyn L. Smith with remainder to two daughters. 332,256.14 Part B Total 332,256.14 (If more space is needed, insert additional sheets of the same size) Copyright (cl 1996 form software only CPSystems, Inc. FormREV-1649 EX (Rev. 1-97) Sun Motor Cars BMW 6643 Carlisle Pike, Mechanicsburg, PA 17050 February 25, 2004 To whom it may concern, $ Telephone 717/69Z2300 800/470.8133 Website WWW.sunmotorcars.com Facsimile 717/69Z0836 Sun Motor Cars BMW appraised Mr. Robert Smith's 1999 BMW 323i VIN# WBAAM3337XFP52377 on February 25,2004. We feel the current value of this car with 56,269 miles to be $14,000.00. Sincerely, ... ?~~ Brad Pittenger Sales Manager PERSONAL PROPERTY APPRAISAL REPORT FOR: MARILYN SMITH 567 DOGWOOD DRIVE MECHANICSBURG, PENNSYLVANIA 17055 AT THE REQUEST OF: MARILYN SMITH 567 DOGWOOD DRIVE MECHANICSBURG, PENNSYLVANIA 17055 PURPOSE: FAIR MARKET VALUE COMPLETED BY: RICHARD BRINCKMAN CONSULTANT FOR SANFORD A. ALDERFER AUCTION COMPANY, INC. 501 FAIRGROUNDS ROAD HATFIELD, PA 19440 Miscellaneous U.S. & Foreign coins. S10.00 3 Silver Eagles & miscellaneous coins. 20.00 1999 Silver proof Eagle. 50.00 IS Morgan, II Peace Dollars. 150.00 1798 8 Reale Mexico. 20.00 1805 8 Reale. 20.00 5 ~ 1945 1/10 oz. Mexico. 100.00 9 Piece SBA Dollar Set. 15.00 Mint Sets 2-1965 15.00 1-1966 5.00 1-1967 10.00 2-1979 5.00 2-1980 5.00 2-1981 15.00 2-1984 5.00 2-1985 5.00 2-1988 10.00 2-1989 10.00 4-1990 10.00 2-1991 15.00 2-1992 5.00 2-1993 10.00 2-1995 20.00 1996 10.00 1997 30.00 1998 10.00 Proof Set 1968,69, 2-70, 71. 30.00 1972,73,2-74,75,76. 35.00 2-1976 3-piece Silver. 20.00 2-1977,78,2-79. 25.00 2-1980,2-81,2-82,3-83. 30.00 2-1984,2-85,2-86, 1986 President Set. 50.00 2-1987,2-88,2-89,2-90. 35.00 2-1991,2-92,2-92, Silver. 40.00 2-1993,2-93 Silver. 60.00 2-1994. 30.00 2-1994 Silver. 60.00 1-1995. 50.00 1-1995. 50.00 1995 Premier. 50.00 2-1996,1997. 40.00 1997 Silver. 50.00 1998, 1998 Silver. 30.00 2001 & 2003 Silver. 50.00 2-1986 Liberty Proof. 15.00 Gold 1994 $5. 60.00 1999 $5. 60.00 Part Sets Indian Cents. 100.00 Lincoln Set. 25.00 Liberty Nickel Set. 20.00 Buffalo Nickel Set. 10.00 Jefferson Nickel Set. 10.00 Silver Eagle Set. 50.00 $21 Silver. 80.00 1787 Mass cent bent. 80.00 Half Cents 1-1794 600.00 1-1795 600.00 1-1797 (1 above 1) 50.00 1-1800 40.00 1-1803 50.00 1-1804 Plain 4 90.00 1-1804 Spiked Chin 50.00 1-1804 Spiked Chin 70.00 1-1805 50.00 1-1806 90.00 1-1807 40.00 1-1808 50.00 1-18099/6 70.00 1-1809 50.00 1-1810 50.00 1-1811 300.00 1-1825 50.00 1-1826 40.00 1-182813 Stars 50.00 1-1828 13 Stars 50.00 1-182812 Stars 30.00 1-1829 40.00 1-1832 30.00 1-1833 40.00 1-1834 30.00 1-1835 30.00 1-1849 100.00 1-1850 20.00 1-1851 50.00 1-1853 90.00 1-1854 50.00 1-1854 200.00 1-1855 80.00 1-1856 300.00 1-1857 100.00 Large Cents 1-1794 100.00 1-1795 500.00 1-1796 50.00 1-1797 140.00 1-1798 200.00 1-1800 40.00 1-1801 140.00 1-1802 100.00 1-1803 50.00 1-1803 50.00 1-1804 900.00 1-1806 60.00 1-1808 90.00 1-1809 150.00 1-1810 70.00 1-1811 250.00 1-1811 30.00 1-1812 30.00 1-1813 60.00 1-1814 60.00 1-1816 200.00 1-1817 70.00 1-1818 40.00 1-1819 20.00 1-1820 240.00 1-1821 650.00 1-1822 15.00 1-1823 50.00 1-1824 20.00 1-1825 300.00 1826,1827,1828,1829,1830,1831 85.00 1-1832 130.00 1-1833 10.00 1-1834 100.00 1834,1835,1836,1837,1838,1839,1839 130.00 1839,1839, 1839, 1840 60.00 1840,1841,1842,1842 80.00 1843, 1844, 1845, 1846, 1847, 1848, 1849 120.00 1850,1851,1852,1853,1854 80.00 1-1855 40.00 1-1855 40.00 1-1856 30.00 1-1856 20.00 1-1856 20.00 1-1857 150.00 Indian Cents 1857,2-1858 40.00 1864-L 80.00 1-1864 20.00 1-1865 15.00 1-1866 30.00 1-1867 30.00 1868, 1869 40.00 1-1870 30.00 1-1871 50.00 1-1872 40.00 1-1873 20.00 1-1874 25.00 1-1875 30.00 1-1876 80.00 1-1877 800.00 1-1880 30.00 1-1908-S 50.00 1-1909-S 300.00 Lincoln Cents 1909 S VDB 800.00 1909-S 50.00 1909-S 50.00 1910 S, ll-S, 13-S, 14-S, 15-D 30.00 1914-D 180.00 1-1922 80.00 1931-S 40.00 Two Cent Pieces 1864, 1869, 1867, 1869 20.00 1-1864 30.00 1-1864 50.00 1-1865 20.00 1-1865 40.00 1-1866 20.00 1-1866 30.00 1868,1868,1870,1871 40.00 1-1872 50000 Three Cent Nicke]s 1-]865 60.00 ]865,67,68,69,70 20.00 ]-1871 20.00 1872,73,73, 74, 75,76 30.00 1-1879 40.00 1-1880 70.00 1-] 881 10.00 1-1882 60.00 1-1883 150.00 1-1886 300.00 1-1887 200.00 1-1888 50.00 1-1889 80.00 Three Cent Silver 1-1851 30.00 1-1851-0 20.00 1852,53 10.00 1-1854 140.00 ]-1855 40.00 1-1856 20.00 1-1857 20.00 1-1858 60.00 1-1859 40.00 1-1861 100.00 1-1862 50.00 Shield Nickel 1866 Rays 100.00 1867 Rays 140.00 1867,68,72 20.00 1-1870 80.00 1-1871 35.00 1-1873 25.00 1-1873 25.00 1-1874 20.00 1-1875 40.00 1-1876 100.00 1-1881 160.00 1-1882 10.00 1-1883 10.00 1-1883 25.00 Libertv Nickels 1-1883 10.00 1-1884 50.00 1-1885 300.00 1-1886 130.00 1-1888 150.00 1-1912-S 90.00 Buffalo Nickels 1913 TI & TII 10.00 1913 D TI 10.00 1913 D TI 20.00 1913 D TII 100.00 1913STII 250.00 1914-S 100.00 1914-D 100.00 1915-D 40.00 1916-D, 1916-S, 1917-PD & S 70.00 1918-PD & S 60.00 1919-PD & S 90.00 1920-D & S 20.00 I 924-PD & S 40.00 1-1921 20.00 1921-S 400.00 1925-PD & S 20.00 1926-S & 315 20.00 1937 D, 3-Legged 400.00 Bust Half Dime 1-1829 40.00 1-1830 20.00 1-1831 40.00 1-1832 30.00 1-1833 20.00 1-1834 20.00 1-1835 20.00 1-1835 40.00 1-1836 20.00 1-1837 20.00 Seated Half Dime 1-1837 40.00 1-1837 80.00 1-1838 80.00 1-1839-0 20.00 1-1840 10.00 1841,47,49 20.00 1-1842 40.00 1-1845 10.00 1-1848 10.00 1-1850 80.00 1-1851 30.00 1852,56,57 20.00 1-1853 30.00 1-1853 100.00 1854,1854-0,1855, 1855-0, 185~71,72, 1857-0 110.00 1858, 1858-0, 1859-0, 1861, 1862 50.00 1-1872-S 100.00 1-1873-S 10.00 Bust Dime 1-1820 10.00 1-1827 20.00 1-1829 20.00 1-1831 15.00 1-1832 80.00 1-1833 120.00 1-1834 25.00 ! 1-1835 1-1836 10.00 20.00 Seated Dimes 1840, 1843, 1845, 1845-0, 1847 1-1848 1849-0,1850,1853,1854 1-1854-0 1856,1857,1857-0,1858,1859-0,1861 1862,1868, 1869-S, 1873,1874,1875 1875-CC 1-1876 1-1876-CC 1-1877-CC 1882, 1883, 1884, 1885 1-1886 1887, 1887-S, 1888, 1889, 1890, 1890-S, 1891, 1891-0 1891-S 70.00 50.00 50.00 100.00 80.00 11 0.00 10.00 10.00 10.00 50.00 40.00 20.00 80.00 50.00 Mercury Dime 1929-S 1-1935 1-1936 1937-S 1-1941 1-1943-S 80.00 40.00 30.00 30.00 20.00 20.00 1-1944-D 40.00 Quarters 1-1901 80.00 1935,39,43-8,99, Dime 1949-8 30.00 Commerative 1936-D Arkansas 60.00 1936-8 Bay Bridge 100.00 Bust Half 1-1810 40.00 1-1819 40.00 1-1823 35.00 1-1825 50.00 1-1826 50.00 1-1827 35.00 1-1828 35.00 1-1829 70.00 1-1830 140.00 1-1831 35.00 1-1832 60.00 1-1834 60.00 1-1835 35.00 1-1838 35.00 Seated Half 1-1853 35.00 1-1854-0 20.00 1-1855-0 50.00 1-1856-0 60.00 1-1861 70.00 1-1876 100.00 Barber Half 1898-S 50.00 1-1901 15.00 1902-S 10.00 1-1903 10.00 1904-0 10.00 1907-0 10.00 1908-D 200.00 1909-0 10.00 1912-S 10.00 1913-S 10.00 Walking Libertv Half 1917-S.1918-S 5.00 1-1919 80.00 1920-S 10.00 1-1920 25.00 I 929-D 50.00 1-1936 25.00 Walking Libertv Half 1-1937 40.00 1940-S 40.00 1-1943 25.00 1943-S 30.00 1945 & 45 30.00 1945-D 25.00 I 946-D 40.00 Franklin Half 1948-D, 50, 51, 53-S, 61 40.00 Trade Dollar 1878-S 70.00 Morgan Dollars 1878- 7TF 20.00 1878-7TF 20.00 1878-S 10.00 1878-S 20.00 1878-S 10.00 1878-CC 80.00 1878-CC 150.00 1879-8 20.00 1880-CC 120.00 1880-CC 300.00 1881-8 20.00 1881-0 10.00 1881-CC 300.00 1881-CC 300.00 1882-8 20.00 1883-0 20.00 1883-CC 60.00 1883-8 20.00 1884-0 20.00 1884-0 20.00 1884-0 20.00 1884-CC 100.00 1884-8 30.00 1885-0 20.00 1885-CC 250.00 1885-8 40.00 1-1886 20.00 1-1887 20.00 1887-S 30.00 1-1888 20.00 1891-S 30.00 1892-0 10.00 1894-0 150.00 1897-S 15.00 1898-S 40.00 1-1899 50.00 1899-0 20.00 1-1900 20.00 1-1901 40.00 1-1902 15.00 1902-0 20.00 1-1903 40.00 1-1904 20.00 1904-S 80.00 1-1921 10.00 1-1921 10.00 1882-0, 82-S, 85, 88-0 40.00 89,90,96,96,97 50.00 1878, 1878-S 15.00 1881-S, 98, 98-0 20.00 Peace Dollar 1-1921 40.00 1-1921 40.00 1-1922 10.00 1-1922 10.00 1-1923 10.00 1-1924 10.00 1-1925 10.00 1928-S 20.00 1-1935 20.00 1-1935 20.00 I 926-D&S 20.00 I 927-D, 1934 20.00 1922,24,25 20.00 1922,23,25 20.00 Gold 1856-$1 100.00 1858-$1 100.00 1860-$1 100.00 1891-CC-$10 250.00 1901-S-$10 200.00 1906-D-$10 200.00 1878-$20 400.00 1898-S-$20 400.00 1904-$20 400.00. 1904-$20 400.00 1927-$20 400.00 Gold Eagles 1/10 .oz 30.00 1/1 0 .oz 30.00 2000- Y. .oz 90.00 1994- Yz .oz 200.00 1986- 1 .oz 400.00 1986- 1 .oz 400.00 1988- 1 .oz 400.00 1988- 1 .oz 400.00 1995- 1 .oz 400.00 1996- 1 .oz 400.00 TOTAL $33,195.00 I certify that, to the best of my knowledge and belief: 1. The statements of fact contained in this report are true and correct. 2. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal, unbiased professional analyses, opinions and conclusions. 3. Alderfer Auction Company is in the auction business and their only interest in this property would be to offer our services as auctioneers on a commission basis on any items the above wishes to sell. 4. My compensation is not contingent upon the reporting of a predetermined value or directions in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulated result, or the occurrence of a subsequent event. 5. My analyses, opinions and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice. 6. I have made a personal observation of the property, unless so noted, that is the subject of this report. 7. No one provided significant professional assistance to the person signing this report. <:'" ~" ~~ Richard Brinckman Consultant for Alderfer Auction Co. .., 'w ~ ~ Date of Death: Valuation Date: Processing Date: 02/16/2004 02/16/2004 02118/2004 <t ., (, " ~ , .; " ~ . . ... ~ \: it :~ i -0'> 4. ( . Shares or Par 11 2) 31 41 5) 6) 1) 81 9) IO} Security Description 200 AMERICAN INTL GROUP INC 1026874107) COM NYSE 02/l3/2004 021:7 /2004 200 CARDINAL HEALTH INC (14149YIOB) COM NYSE 02/13/2004 02/17/2004 300 CISCO $YS INe (17275RI02l COM NASDAQ 02/13/2004 02/17/2004 200 COLGATE PALMOLIVE CO (194162103) COM NYSE 02/13/2004 02111/2004 300 COMCAST CORP NEW (20030NZ00) CL A 8PL NASDAQ 02/13/2004 02/17/2004 200 CONOCOPHILLIP$ (20825C104) COM NYSE 02/13/2004 02/17/2004 200 DEERE & CO (244199105) COM NYSE 02/13/2004 02/17/2004 300 DELL INC (24702RIG1) COM NASDAQ 02/13/2004 02/17/2004 100 EXELON CORP (30161NIOl) COM NYSE 02/13/2004 02/17/2004 Sstate Valuation High/ASk 75.40000 75.66000 65.51000 65.15000 24.45000 24.48000 55.75000 55.58000 29.33000 29.95000 68.89000 69.50000 65.30000 61. 80000 35.09000 34.95000 66.00000 66.22000 Estate of: Robert H. Smith Account: 21262300 Report TyPe: Date of Death Number of Securities: 20 File ID: 21262300 Lowlsid Mean andlor Div and Int Security Adjustments Accruals Value 74.39000 H/L 74.73000 H/L 64.00000 H/L 65.05000 H/L 23.94000 H/L 24.12000 H/L 55.01000 H/L 55.25000 H/L 28.72000 H/L 28.98000 H/L 67.90000 H/L 68.84000 H/L 63.77000 H/L 66.20000 HIL 34.36000 H/L 34.40000 H/L 65.26000 H/L 65.67000 H/L Div: 0.55 Ex: 02/11/2004 Rec: 02/15/2004 Pay: 03/10/2004 400 GENERAL ELEC CO (369604103) COM NYSE 02/13/2004 02/17/2004 33.17000 3_~ .19000 Page 1 32.72000 H/L 32.93000 H/L 75.045000 65.092500 24.247500 55.397500 29.245000 68.782500 65.767500 34.700000 65.787500 33.002500 15,009.00 13,018.50 7,274.25 11,079.50 8,773.50 13,756.50 13,:53.50 10,410.00 6,578.75 55.00 13,201.00 This re?ort was produced with EstateVa1, a product of Zstate Valuations & Pricing Systems, I~c. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.0) 02/16/2004 02/16/2004 02/l8/2004 Date of Death: Valuation Date: Proc€5sing Date: 111 121 131 14) 15) 161 171 181 191 20) 8state of: Robert H. Smi~h Account: 21262300 Report Type: Date of Death Number of Securities: 20 File ID: 21262300 Shares or Par security Description LO;..r!Bid Mean and/or oiv and lnt Security Adjustments Accruals Value High/AS~: 300 INTEL CORP (458140100) COM NASDAQ 02/13/2004 02/17/2004 31.19000 30.89000 29.86000 H/1 30.21000 H/L Div: 0.04 Ex: 02/04/2004 Res: 02/07/2004 Pay: 03/01/2004 30.537500 9,161. 25 12.00 200 INTL PAPER CO (460146103) COM NYSE 02/13/2004 43.68000 42.92000 HIL 02/17/2004 43.89000 43.41000 H/1 43.475000 8,695.00 200 JOHNSON eTLS INC (4783661071 COM NYSE 02/13/2004 59.93000 58.88000 H/L 02/17/2004 59.99000 59.30000 H/L 59.525000 11,905.00 400 MBNA CORP (55262L100) COM NYSE 02/13/2004 28.29000 27.6aOOe HI!... 02/17/2004 28.71000 28.06000 H/L 28.185000 11,274.00 300 NOKIA CORP (654902204) SPONSORED ADR NYSE 02/13/2004 22.59000 22.05000 H/L 02/17/2004 22.74000 22.49000 H/1 22.467500 6,740.25 400 PFIZER INC (7170811031 COM NYSB 02/13/2004 37.79000 37.25800 H/1 02/17/2004 37.96000 37.60000 H/1 37.650000 15,060.00 Div: 0.17 Ex: 02/11/2004 Rec: 02/13/2004 pay: 03/05/2004 68.00 200 SEC COMMUNICATIONS INC (78387GI03) COM NYSE 02/13/2004 02/17/2004 25.75000 24.89000 24.80000 HIL 24.07000 H/L 24.877500 4,975.50 200 WAL MART STORES INC (931142103) COM NYSE 02/13/2004 02/17/2004 57.33000 57.84000 56.19000 H/L 56.48000 HIL 56.960000 11,392.00 400 WELLS FARGO & CO NEW (949746101) COM NYSE 02/13/2004 02/17/2004 57.85000 57.85000 57.06000 HIL 57.37:00':' H/L oiv: 0.45 Ex: 02/04/2004 Re:::: 02/0612004 Pay: 03/01/2004 57.520000 23,008.00 180.00 440.926 FEDERATED EQUITY F~S (314172677) KAUFMANN CL A NASDAQ 02/13/2004 5.15000 Bid 5.150000 2,270.77 Pc.ge 2 This report was produced with EstateVal, a product of Estate Valuat:ons & Pricing Systems, Inc. If you have questions, please contact EVP Systems at (8181 313-6300 or www.evpsys.com. (Revision 7.0.0) Date of Death: Valuation Date: Processing Date: 02116/2004 02/16/2004 02/18/2004 Estate of: Robert H. Smith Account: 21262300 Report Type: Date of Death Number of Securities: 20 File 1D: 21262300 Total Value Total Accrual Total $217,051.27 $315.00 $216,736.27 Page 3 This repcrt was produced with EstateVal, a ?roduct of Estate Valuatio~s & pricing Systems, Inc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.0.0) " '. '-......,1' AMENDMENT TO AMENDED AND RESTATED REVOCABLE TRUST This Amendment is made on this d day Ofr~ll.~003, by and between ROBERT H. SMITH of Bucks County, Pennsylvania (hereinafter called "Settlor") and MARILYN L. SMITH and UNION NATIONAL BANK AND TRUST COMPANY OF SOUDERTON (hereinafter collectively called "Trustees"). WITNESSETH: WHEREAS, on June 29, 1989, Settlor created a Revocable Trust which he subsequently amended on July 25, 1991, and Amended and Restated on Aplil 3, 1998 (as amended and restated, the "Amended and Restated Revocable Trust"); and WHEREAS, Settlor desires to amend the Amended and Restated Revocable Trust by this document; and WHEREAS, under the terms of said Amended and Restated Revocable Trust, specifically Article XIX, Settlor reserved the light to amend said Trust Agreement. NOW, THEREFORE, Settlor, with the approval of the Trustees, hereby amends the Amended and Restated Revocable Trust as follows: 1. Settlor hereby revokes Article ill, and substitutes the following: "III. Dispositive Provisions - Upon Death of Settlor. Upon the death of Settlor, if Settlor is not survived by his spouse, and if the assets passing under his Will are insufficient to pay all or any paJi of the bequests set fOlih in AIiicle FOURTH thereof, Settlor hereby gives and bequeaths the sum of FNE THOUSAND DOLLARS ($5,000.00), or the portion thereof which is not satisfied with assets passing under Settlor's Will to each of Settlor's grandchi]dr~n, including ANNE ELIZABETH ZAGORSKI, LAURA MARIE ZAGORSKI,. and ANDREA MADEL YN HUNSBERGER, and any other grandchildren Settlor may have, who survive him. If any grandchild of Settlor has not yet attained the age of twenty-one (21) years then such bequests shall be held by the grandchild's parent who is the child of Settlor, in some form of federally-insured investment, to be distributed to the grandchild when he or she has attained the age of twenty-one (21) years. In the event that the grandchild's parent who is the child of Settlor is not then living, Settlor's Trustee shall hold said funds under the conditions of this Article III. The general bequests in this Article III have also been made by Settlor's spouse in a Revocable Trust created by him and/or in his Will. It is the joint intention of Settlor and his spouse that said bequests be made by the survivor of the two of them so that, in the event that they die simultaneously, these distributions should not be made from both of their trusts or estates, but shall be made from the trust or estate which will derive the greatest death tax benefit or split between their trusts or estates, if that is more beneficial. If the payment of these bequests afford no greater benefit to one of their trusts or estates as opposed to the other, then payment shall be made from Settlor's trust or estate." 2. Settlor hereby revokes Article N, and substitutes the following: "IV. Dispositive Provisions - Specific Devise of Real Estate. Upon the death of Settlor, if Settlor is not survived by his spouse, and if this trust owns an interest in the real property located at 335 Clemens Road, Harleysville, Pennsylvania, Settlor gives the interest in said property to his daughter, SHIRLEY ZAGORSKI, 2 as follows: Settlor's Trustees shall obtain an appraisal of the value of said property. Five percent (5%) of the appraised value and the amount of any mortgage existing on said property shall be subtracted from the appraised value to determine the "adjusted value". One-half (1/2) of the adjusted value of the property shall be allocated to SHIRLEY ZAGORSKI's share of Settlor's residuary estate passing under Article V hereof, whether the interest in said property passes through this trust or under Settlor's WilL" 3. Settlor hereby revokes Article V and substitutes the following: "V. Dispositive Provisions - Residuarv. All the rest, residue and remainder of Settlor's estate shall be given to Settlor's spouse, MARILYN L. SMITH, if she survives Settlor. If she does not survive Settlor, the then remaining principal and undistributed income that passes under this Article V shall be distributed equally to Settlor's children if they survive him; otherwise, to their issue per stirpes. However, the share of SHIRLEY ZAGORSKI shall be distributed subject to the provisions of Alticle IV of tl1.is Trust. If any child of Settlor's is not then living and has left no lineal descendants then surviving, that cl1.ild's share shall be divided into two (2) or such smaller number of equal shares so as to provide for the following distribution: A. One (1) share to that child's husband, ifhe is then surviving, and if he is not then surviving, this gift shall lapse. B. One (I) share to Settlor's other child, if she is then surviving, and if she is not then surviving, then to her issue, per stirpes, and in default thereof, to the contingent beneficiaries named in Aliicle VII hereof." 4. Settlor hereby revokes Article VI and substitutes the following: 3 "VI. Disclaimer Trust. If Settlor's spouse, MARILYN L. SMITH, makes a qualified disclaimer within the meaning of Section 2518 of the Internal Revenue Code of any portion or all of the gift to her under Article V ofthis Trust, all of the property so disclaimed shall be given, devised and bequeathed to Settlor's Trustee, IN TRUST, to be held, administered and disposed of as follows: A. During the lifetime of Settlor's said spouse: 1. All of the net income therefrom shall be paid to Settlor's said spouse in montllly or other convenient installments. 2. As much of the principal of this trust may be invaded by Settlor's Trustees (excluding Settlor's spouse), in their sole and absolute discretion, as they may, from time to time, deem necessary for the maintenance and support of Settlor's spouse in the station of life to which she is accustomed at the time of Settlor's death. 3. In the event that Settlor's spouse should, in the exclusive judgment of Settlor's Trustees (excluding Settlor's spouse), become mentally or physically incapacitated, Settlor's Trustees (excluding Settlor's spouse) are authorized, in tlleir exclusive discretion, to expend from income or principal such sum or sums as may be necessary for Settlor's proper care, maintenance and support, directly, without the intervention of a guardian or committee. B. Upon the death of Settlor's spouse, the then remaining principal and any undistributed income that passes under this Article VI shall be distributed according to Article V of this Trust." 5. Settlor hereby revokes Article VII and substitutes the following: 4 "VII. Contingent Beneficiarv. If Settlor is not survived by his spouse or any lineal descendants or any of his sons-in-law, or if any trust created under this Trust Agreement should terminate by reason of the death of the beneficiary thereof, and at the time of such termination, none of Settlor's lineal descendants, or any sons-in-law are living, or if for any other reason any part ofthis Trust should become available for distribution, then such principal and accumulated income shall be divided into four. (4) or such smaller number of equal shares so as to provide for the following distribution: A. Two (2) shares to MESSIAH COLLEGE, located in Grantham, Pennsylvania, to be added to the ROBERT H. and MARILYN L. SMITH Fund and such other Funds that are in existence which were created by Settlor and Settlor's spouse during their lifetimes, in the discretion of the College; B. One (I) share to BRETHREN IN CHRIST FOUNDATION, located in Grantham, Pelmsylvania, to be added to the ROBERT H. and MARILYN L. SMITH Pastoral Training Fund and such other Funds that are in existence which were created by Settlor and Settlor's spouse during their lifetimes, in the discretion of the Foundation; C. One (1) share to BOARD FOR WORLD MISSIONS, located in Grantham, Pemlsylvania, to be added to such Funds that are in existence which were created by Settlor and Settlor's spouse during their lifetimes or, if there are no such Funds, then for the general purposes of the organization." 6. Settlor hereby rev:okes ."..rticle VIII and substitutes the following: 5 ,- "VIII. Minor and/or Disabilitv. Unless otherwise provided herein, any income or principal payable to any beneficiary who is a minor or who, in the sole judgment of the Trustees, is mentally or physically incapacitated, shall be held in a separate trust by Trustees during such minority or incapacity. Trustees are authorized, in their sole discretion, to expend from income or principal such sum or sums as may be necessary for the proper comfort, care, maintenance and support of such minor or incapacitated beneficiary, directly, without the intervention of a guardian or committee, or Trustees may pay the same to any persons having care or control of said beneficiary or with whom the beneficiary resides, without any duty on the part of the Trustees to supervise or inquire into the application of the funds by any person to whom payment is so made. Any income and principal not so expended by Trustees shall be retained by the Trustees and paid to the beneficiary upon termination of the incapacity (including minority), or to the estate of the beneficiary if he or she dies while still a minor or incapacitated, unless otherwise provided herein. For purposes of this Trust, whenever the term "minor" or "minority" is used, a person shall be deemed to have attained majority when such person reaches the age of twenty-one (21) years and shall be deemed to be a minor so long as such person is under the age of twenty-one (21) years, any statute now or hereafter in force to the contrary notwithstanding. 7. Settlor hereby revokes Paragraph A of Article XI and substitutes the following: "A. All federal, state and other death taxes, and interest and penalties thereon, which may be imposed or payable by reason of Settlor's death witl1 respect to any property included in Settlor's estate for tax purposes, whether or not passing under this Trust Agreement or Settlor's Will, shall be paid from the principal or corpus of the Disclaimer Trust established under Article VI hereof without apportionment or right of reimbursement; provided, however, 6 .' that no IRA proceeds or qualified retirement plan benefits shall be used to pay such taxes except to the extent required by law or to the extent that there are no other assets available or remaining to pay such taxes. In the event there are insufficient assets in the Disclaimer Trust to make such payment, or there is no Disclaimer Trust, the full burden of such taxes wi!! fall on the Settlor's residuary estate passing under Article V hereof without apportionment or right of reimbursement. " 8. Settlor hereby revokes Paragraph J of Article XIII and substitutes the following: "J. To borrow money from any source without liability on the part of the lenders to see to the application thereof and to mortgage or pledge any property." 9. Settlor hereby revokes Paragraph N of Article XIII and substitutes the following: "N. Trustees shall pay all of the expenses incurred in the administration of the trusts created hereunder; however, no IRA proceeds or qualified retirement plan benefits shall be used to pay expenses incurred with respect to the administration of any assets other than the said IRA proceeds or qualified l"etirement plan benefits. Trustees shall allocate payment of such expenses between income and principal in accordance with the Pennsylvania Probate Estates and Fiduciaries Code; however, those expenses which are not clearly allocable to income or principal shall be allocated by Trustees as they deem advisable in their sole discretion." 7 " 10. In all other respects, Settlor hereby ratifies and confitms the A1nended and Restated Revocable TIUSt. IN WITNESS WHEREOF, Settlor and TlUstees have hereunto set their hands and seals the day and year aforesaid. Witness:~1~ Witness: ~ 9 ~ Attest: ~ -; - ,. -' . rJff?ce./ Title of Officer (CORPORATE SEAL) SETTLOR: 4~k-,/~<,,:d)?1.j (SEAL) ROBERT H. SMITH TRUSTEES: ~~d.~ MARILYN L. SMITH UNION NATIONAL BANK AND TRUST COMPANY OF SOUDERTON /1 .., / ,// --V / B{~~~n;C:: ' ~~dA:iL:e_ / //f.o{'.4T(~fA'6"Z- Title of Office _ / 8 COMMONWEALTH OF PENNSYLVANIA: S5 COUNTY OF MONTGOMERY On this / -3 day of ~' , 2003, personally appeared before me, a Notary Public in and for the above Couuty and Commonwealth, ROBERT H. SMITH and MARILYN L. SMITH, who acknowledged that they executed the foregoing instrument for the purposes therein contained. IN WITNESS WHEREOF, I have hereuuto set my hand and official seal. (E~~0- - 'J I NOTARIAL SEAL MARY K. WARD, Notary Public Upper Gwynedd Twp" Montgomery County ! My Canmi..ion E<pires Se~tember 5. 2005 ~.-,- . 9 , . COMMONWEALTH OF PENNSYLVANIA: ss COUNTY OF MONTGOMERY On this J liD. day of J(H1LW,-~ ' 2003, before me, a Notary Public in and for the above County and Commonwealth, personally appeared LoVY'cdre. S, i?:>IA~hV'~, who acknowledged himself to be the --TV-lASt- Dtf\ u V- of UNION NATIONAL BANK AND TRUST COMPANY OF SOUDERTON, and that he, as such officer, being authorized to do so, executed the within instrument for the purposes therein contained by signing the name of the Corporation by himself as such officer. IN WITNESS WHEREOF, I have hereunto set my hand and official seal. ~l~~~rl1~ Notarial Seai Kimberley A. Snyder, Notary Public Souderton Boro, Montgomery County My Commission Expires Mar. 7, 2005 Member, PennsylVaniaAssociationot Notaries 10 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE -_ IIDTICE DF INHERITANCE TAX BUREAU OF INDIVlDUAif~,S;r::uf\ nt:,'!rr: Fir-APPRAISE"ENT, ALLOWANCE DR DISALLOWANCE IIIHERITAIICE TAX DlVISmlt..___ '._: - .'" , ,,-- ,~, OF DEDUCTIONS AND ASSES~~ OF T'v PO lOX 2ID681 ;~, ,;. ',_0'_,-,.",- ......" I _ HARRISBURG PA 17121~D6Dl' , '*' REV-15~7 EX AFP (03-05) CLERi( OF OR;)L~A 'ore' JOHN C ~~A~Y - UNIVEST NATL BK I TR PO BOX 64197 SOUDERTON PA 18964 DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 04-25-2005 SMITH 02-16-2004 21 04-0475 CUMBERLAND 101 _t R_ltted RIIBERT H 7fH1C >r-<.il.ftl 29 Ni I?: G I . j,.<.,., MAKE CHECK PAYABLE AND REMIT PA~MENT TO: REGISTER OF WILLS CUMBERLAND CD COURT HOUSE CARLISLE, PA 17013 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ , 11r-"1!C,."ft.m.m~1.Wm!l!.!ft!'.!MWWIM!'t.'tW.IWllTftrar:.'lft:tWI_.W.............. ... DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF SMITH ROBERT H FILE NO. 21 04-0475 ACN 101 DATE ,04-25-2005 TAX RETURN liAS: I X J ACCEPTED AS FILED RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. R_1 Eot.t. I_X. AJ 2. stock. ond Bonds I_I. BJ '3. C10..1y Hold StocklPartnsrship Int.r..t I_I. CJ .... Nort_sINot.s _h...1. ISchedu1. DJ 5. CashlB_ JIapodtsINisc. P.rsona1 Property I_I. EJ 6. Jointly _ pr_rty I_I. FJ 7. Transf.rs lSelwdul. 8) 8. Total As..ts I J C_ED III 12J 13J I...J 15J I6J 17] .00 2.408.08 .00 .00 48.377.37 .00 450,985.23 18J NOTE: T~ insure proper eNdl t ~o your IM:CO\mt I _it~... _ porUon of thi-i fo.... with your tax .......t. , SOl, 770.68 APPROVED DEDUCTIONS AND EXEMPTIONS: 9. F.....-al _..."Ada. Costs""isc. Expan..s IS.....du1. HJ I9J 10. D...tslNort_ U...iUU.....Uans I_I. II I10J 17.559.54 11. Total IladucUon. I1ll ~7. 712 7'i 12. Net Va1us of Tax Return 112J 164,057.93 13. Charlt"'l."Bovarnaantal Baquast.; Non-.lectad 9113 Trust. ISchedul. J} 113} .00 1.... Net V.1us of Estat. S\Djact to Tax I1"'J ,64,057.93 NOTE: If an ........nt w.. i.su.d pr.viau51y, 1in.. 14, 15 and'ar 16, 17, 18 and 19 wi11 r8f1.ct figures 'thllt 1nc1uds the tat.l Of AY. returns a......d ta dllt.., ASSESSMENT OF TAX: . 15. A_t of Uns 1... at Spousal rat. 115J 337,452.24 X 00 = 16. _t of Lins 1...tax...1. at UnaaUCx... A rat. 116J 126,605.69 X OCi5 = 17. _t of Uns 1'" .t Sibling rat. U7l .00 X 12 = I 18. _t of Uns 1'1 t_1. at Co1X.t.raUC1a.. Brat. 1181 .00 X 15 =---J 19. Principal Tax _ 1191: I 20,153.21 .00 5,697.26 .00 .00 5,697.26 DATE 05-13-2004 11-16-2004 _ER CD003956 CD004644 INTEREST/PEN PAID I-J 236.84 .00 ANOUNT PAID 4,500.00 960.42 ~ TOTAL TAX CREDIT BALANCE OF TAX DUE INTEREST AND PEN. TOTAL DUE 15,697.26 I .00 .00 .00 . IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION DF ADDITIONAL INTEREST. I IF TOTAL DUE IS LESS TIWI $1, NIl PAYIlENT IS REllUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" ICRJ, YOU NAY BE DUE A REFUND. SEE REVERSE SIDE DF THIS FORM FOR XNSTRUCTIONS. J