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Home My WebLink About07-23-09~ REV-1500 Lso56o7120 EX (06-05) PA Department of Revenue OFFICIAL USE ONLY Bureau of Individual Taxes coamy coos veer File Number Po Box.2BOSOt INHERITANCE TAX RETURN Harrisburg, PA 17128.0601 RESIDENT DECEDENT 2 1 0 8 0 13 0 ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of BiAh 195 20 4096 O1 17 2008 O1 28 1928 Decedent's Last Name Suffix Decedent's First Name MI MAY LOUISE A (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Spouse's Social Security Number FILL IN APPROPRIATE OVALS BELOW 1. Original Return 4. Limited Esta[e a g, oeceeanl plea restate (Attach Copy o/ Will) 9. Litigation Proceeds Receivetl Suffix Spouse's First Name MI THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS ^X 2. Supplemental Return 4a. Future Interest Compromise laate m aeetn ever 1z-1zaz1 ]. Decetlent Meintainetl a Living Trust (Aneoh Copy IN Trust) 10. between P2 J191 reG11 (7a95jr rleetn Name _ _....-- ~ -- _....,. « ~ ~... , JERROLD A. SULCOVE ESQ, Firm Name (If Applicable) JBRROLD A. SULCOVB First line of address 82 WEST QUEEN STREET Second line of address Clty or Post Office CHAMBERSBURG Correspondent's a-mail adtlress: Untler pen~tties of perjury, I deGare that I i5 Walker Ro d, ChattSbersbu , PA I RE O P EPARE TER THAN REPRESENTATIVE : ss West Queen Street, Chambersburg, 3. Remainder Return (tlate of tleath prior to 12-13-a2) 5. Federal Estate Tax Return Required ~ a. Total Number of Safe Deposit Boxes 11, Election to tax untler Sec. 9113(A) (Attach Sch. O) IDEN7IAL TAX INFORMATION SHOULD BE DIRE Daytime Telephone Number 717 264 514 0 n ..o -. State ZIP Code PA 17201 inclutling accompanying schedules and personal representative is based on all Kathleen E. May-Harltzok 2 Jerrold A. Sulcove Esq. PA 17201 I.._ Side 1 15056D7120 ;~ rZ ., 9 W - c,o-~ ~c ' O~ ' W ri -a --> DATE FILED ~ 1505607120 J ._.~ REV-1500 EX oe~•a•^r•N•m•; Louise Arndt May RECAPITULATION Decedent's Social Security Number 195 20 4096 1. Real Estate (Schedule A) ......................... ........................................................... ...... 1. 2. Stocks and Bonds (Schedule B) .......................................................................... ..... 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C)..... ..... 3, 4. Mortgages 8 Notes Receivable (Schedule D) ..................................................... ..... 4. 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ............ .... 5. 5 , 3 5 3 . 0 6 6. Jointly Owned Property (Schedule F) ~ Separate Billing Requested ......... 7. Inter-Vivos Transfers 8 Miscellaneous Non-Probate Property .... 6. (Schedule G) ~ Separate Billing Requested .......... ... 7, 8. Total Gross Assets (total Lines 1-7) .......................................................... .......... ... 8. 5, 3 5 3. 0 6 9. Funeral Expenses 8 Administrative Costs (Schedule H) .... 1 2, 7 7 1 9 6 ........................ s. . 10. Debts of Decedent, Mortgage Liabilities, 8 Liens (Schedule I) ............................. ... 10. 1 7 . 7 9 11. Total Deductions (total Lines 9 8 10) ................................................. 1 2 7 8 9 7 5 .................. ... 11. , . 12. Net Value of Estate (Line 6 minus Line 11) .............................................. 12 ' 7 4 3 6 6 9 ............ 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which ... . . . an election to tax has not been made (Schedule J) .......... ..................................... .. 13. 14. Net Value SubJect to Tax (Line 12 minus Line 13)....... 1a - 7 , 4 3 6 . 6 9 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES . 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) x .o0 0. 0 0 15. 0. 0 0 16. Amount of Line 14 taxable at lineal rate X .045 0. 0 0 16. 0 0 0 17. Amount of Line 14 taxable . at sibling rate X .12 0. 0 0 17. 0 0 0 18. Amount of Line 14 taxable . at collateral rate X .15 0. 0 0 18. 0. 0 0 19. Tax Due ..................................................................................................................... 19. 0 . 0 0 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. L Side 2 1505607220 1505607220 1505607220 J REV-1500 EX Page 3 Decedent's Complete Address: FIIeNumber 21-08-0130 B. Prior Payments C. Discount 3. Interest/Penalty if applicable Total Credits (A + B + C) (2) D. Interest E. Penalty Total InteresVPenalty (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 2 Llne 20 to request a refund (4) 5. If line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. A. Enter the interest on the tax due. (5> 0.00 B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (SA) (5B> 0.00 Make Check Payable to: REGISTER OF W/LLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: a. retain the use or income of the property transferred :.................................................................................. Yes No b. -retain the right to designate who shall use the property transferred or its income :.................................... ~ C c. retain a reversionary interest; or .................................................................................................................. [~ x d, receive the promise for life of either payments, benefits or care? ......................... r`,°~ ......................... 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without LLLLJJJJ receiving adequate consideration? ...................... . ........................................ ^ L~ ................................... Did decedent own an "in trust for" or payable upon death bank acwunt 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 For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. Far dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116 (a) (1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116 1.2) [72 P.S. §9116 (a) (1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116 (a) (1.3)]. 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. Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments (1) 0.00 A. Spousal Poverty Credit Rav~160a EX~ (aSa) COM.pNWEgLTH OF PENN8TLVgNIq INHEARMIDE TqX RETURN REBIDENy DECEDENT ESTATE OF May, Louise Arndt SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY InUUtle the proceetle of IkgeWn entl the tlete the praceetle were recelvetl DY the estate. All property iolntlyownetl whh the rlgal o/ turvlvonhip moat M tllsclosetl on achatlula F. NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1 African Art - as per attached appraisal 2,910.00 2 Cordier Antiques -net proceeds from sale,of personal property 705.54 3 The Patriot News -refund 29.00 4 Travelers Indemnity and Affiliates -received for claim submitted for damages to real 1.708.52 estate TOTAL (Also enter on Line 5, Recapitulation) I 5 353 06 (If more space Is needed addlhonal pages of the same slze) Copynght (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-98) FILE NUMBER 21-08-0130 REV-7191 EX+t12~99) COMMONWEALTH OF PENNSYLVANIA INHERITANCE iAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF May, Louise Arndt Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION A. FUNERAL EXPENSES: FILE NUMBER 21-08-0130 AMOUNT See continuation schedule(s) attached B. I ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Social / EIN Number of Street Address City State Zip Year(s) Commission paid 2. ~ Attorney's Fees 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address Ciry State Zip Relationship of Claimant to Decedent 4. Probate Fees See continuation schedule(s) attached 5. Accountant's Fees 6. I Tax Return Preparer's Fees 7~ Other Administrative Costs See continuation schedule(s) attached TOTAL (Also enter on li 9 2,908.52 15.00 9,848.44 ne ,Recapitulation) I 12 771 98 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1600 Schedule H (Rev. 6-98) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF Louise Arndt ITEM NUMBER DESCRIPTION AMOUNT Funeral Expenses 1 Kathleen E. May-Har'tzok -reimbursement for additional funeral expenses advanced 2,208.52 2 Kathleen E. May-Hartzok -reimbursement for opening of grave 700.00 H-A subtotal 2,908.52 Probate Fees 3 Cumberland County Register of Wills -Supplemental PA Inheritance Tax Return filing fee 15.00 H.gq subtotal 15.00 Other Administrative Costs 4 Collier Antiques & Fine Art -travel, inspection, photos and research regarding 190.00 appraisal of African Art 5 Cropf Brothers, Inc. -broken pipe repair at real estate 1,944.64 6 Cropf Brothers, Inc. -repair due to no heat 157.99 7 James Zampelli -repairs to 343 Regent Street, Camp Hill, PA 3,958.83 8 Karl Stine -removal of trash from property 75.00 9 Kathleen E. May-Hartzok -reimbursement for short certificates 12.00 10 Kathleen E. May-Hartzok -reimbursement for removal of trash from property, additional death certificates, supplies for re airs at roe 2,538.10 P p p rty, repairs to property LE NUMBER 21-08-0130 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF May, Louise Arndt FILE NUMBER 21-08-0130 ITEM NUMBER DESCRIPTION 11 PA American Water -water break AMOUNT 188.48 12 Tim Salerno -van rental x3 514.70 13 Travelers Indemnity and Affiliates -homeowners' i nsurance 28.20 14 Travelers Indemnity and Affiliates -homeowners' insurance 38.75 15 Travelers Indemnity and Affiliates -homeowners' insurance 38.75 18 Travelers Indemnity and Affiliates -homeowners' insurance 38.75 17 Travelers Indemnity and Affiliates -homeowners' insurance 38.75 18 Travelers Indemnity and Affiliates -homeowners' insurance 87.50 H-87 Subtotal 8 848.44 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-7500 Schedule H (Rev. 6-98) Rev-1612 EX+ (B-98) LOMMONWEgLTM OF PENNBVIVPNW INXERRANLE ThC RETURN REBIDENr DELEDENT ESTATE OF May, Louise Arndt hmluda unnlmbunsE mstllcal axpenaex. ITEM NUMBER DESCRIPTION 1 Geismger Health Center -debt of decedent 2 I Janet L. Miller, Tax Collector - 2008 personal tax LE NUMBER 21-08-0130 VALUE AT DATE OF DEATH 12.29 5.50 TOTAL (Also enter on Line 10, Recapitulation) I 17 79 (I/ more space Is needed additional pages o/the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA•1500 Schedule I (Rev. 6-98) SCHEDULE 1 DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS REVd61J E%t (°.°°( COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF NUMBER I. SCHEDULE J BENEFICIARIES Louise Arndt PERSON(S) RECEIV NRG PROPERTY FILE NUMBER 21-08-0130 ATIONSHIP TO SHARE OF ESTATE AMOU DECEDENT Words Not ~In Trustssbl ( ) T OF ESTATE ($$$) 1 Kathleen E. May-Hartzok 1558 Walker Road Daughter 25% of Chambersburg, PA 17202 residuary estate 2 Meg Ann May-Hobbs 17 Valley View Drive Daughter 25% of Mechanicsburg, PA 17050 residuary estate 3 Rebecca A. May-Salerno 9824 Moyer Road Daughter 25% of Damascus, MD 20872 residuary estate 4 Amy L. May-Snider 1605 Alden Avenue Daughter 25% of Gaithersburg, MD 20877 residuary estate Enter dollar amounts for distributions shown above on lines 15 throw h 18, as approprlateTon Rev 1500 II. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS OF PART II - Capyright (c) 2002 form software only The Laekner Group, Inc. TAXABLE LINE Form PA-1500 Schedule J (Rev. 6-98) Lai6/NA4 LAST WILL AND TESTAlVIENT `=,.~ , - ~;: OF ~ ~~' LOUISE ARNDT MAY ~ ~~ I, LOUISE ARNDT MAY, of Camp Hill, Cumberland County, Pennsylvania, being of sound mind and disposing memory, though I realize the uncertainty of this life, I have full confidence and trust in my Lord and Savior, Jesus Christ, in His death on the cross for my sins and in His shed blood as an atonement for my soul; and I know by faith that because of His sacrifice on the cross for me I have eternal life, do hereby make this Will, hereby revoking all my former Wilis and Codicils: Article One: Tangible Personal Property: § 1.1 I bequeath all my tangible personal property to my Husband, Donald E. May, ("My Husband"), if he survives. If My Husband does not survive me, then I bequeath all my tangible personal property in accordance with the terms of a personal property memorandum I may prepaze. If no such memorandum is located or received by the Executor within 60 days after being appointed as such, after conducting a reasonable seazch for such memorandum, the Executor shall be held harmless for distributing such property as hereinafter provided. § 1.2 I bequeath such assets not disposed of by such memorandum, or all of such property if no such memorandum is so located or received, to my children living at my death to be divided among them in as nearly equal shares as they agree. In the event of irreconcilable disagreement among my children, they shall take turns selecting individual items with my oldest child making the first selection. Ariy items not so selected shall be sold and the proceeds shall pass as a pazt of my residuary estate. §1.3 To the extent practicable in the Executor's sole discretion, I bequeath any policies of insurance on such property to the beneficiary entitled to such property. § 1.4 I direct that the expenses of storing, packing, shipping, insuring and delivering any such property to the beneficiary entitled thereto shall be paid by the Exacuter as an administrative expense of my estate. Article Two: Residue: §2. I I devise and bequeath all the residue of my estate to My Husband, if he survives me. If My Husband does not survive me, then the entire residue of my estate shall be divided and distributed to my four daughters, per stirpes; provided, however, that I give to the Trustee hereinafter named any such share passing hereunder for the benefit of any beneficiary of mine who shall not have attained the age of eighteen (18) years, to be held, administered and disposed of in accordance with Article Three hereof (the "Beneficiary's Trust") for the benefit of such Beneficiary, My four daughters in order of age are Kathleen E. May-Hartzok of Chambersburg, PA; Rebecca A. May-Salerno of Damascus, MD; Amy L. May-Snider of Gaithersburg, MD; and Meg Ann May- Hobbs of Mechanicsburg, PA. Article Three: The Beneficiary's Trust: §3.] The Trustee shall hold, manage, invest and reinvest the assets of the Beneficiary's Trust, collect the income thereof and: §3. I.1 While the beneficiazy of the Beneficiary's Trust (the "Beneficiary") is under eighteen (18) years of age, the Trustee shall apply to or for the benefit of the Beneficiary so much of the net income as the Trustee shall from time to time deem necessary or proper for the Beneficiary's health, maintenance, support and complete education, including prepazatory, college and graduate education, and professional, vocational or technical training, taking into account other available funds, including the Beneficiary's assets. The Trustee shall annually accumulate any net income not so distributed a_nd add the same to the principal of the trust property. §3.1.2 After the Beneficiary attains eighteen (18) years of age, the Trustee shall distribute to or for the benefit of the Beneficiary the net income of the Beneficiary's Trust in quarter-annual installments, or more frequently if the Trustee deems it advisable, and so much of the principal as the Trustee shall from time to time deem necessazy or proper for the Beneficiary's health, maintenance, support and complete education, including college and graduate education, and professional, vocational or technical training, and to assist the Beneficiary with reasonable wedding expenses, in the purchase of a principal residence or in the establishment of a profession or business considered a good risk by the Trustee, taking into account other available funds, including the Beneficiary's assets. §3.1.3 At any time after the Beneficiary] attains eighteen (18) years of age, the Beneficiary may withdraw any or all of the principal of the Beneficiary's Trust. §3.1.4 If the Beneficiary dies before the complete termination of the Beneficiary's Trust, the Trustee shall distribute the property then held in trust to such persons or corporations, (including the Beneficiary's estate), in such amounts and upon such trusts, terms and condition, a.s the Beneficiary by last Will may appoint by specific reference to this general power of appointment; provided, however, any portion of the trust property not subject to the Beneficiary's power of withdrawal immediately prior to the Beneficiary's death may only be appointed to one or more ofthe Beneficiary's issue, in such amounts and upon such trusts, terms and conditions as the Beneficiary by last Will may appoint by specific reference to this special power of appointment. Any property not so appointed shall be distributed to the Beneficiary's then living issue, per stirpes, or if none, to my then living issue, per stirpes. Article Four: Appointment of Fiduciaries: §4.1 I appoint My Husband as Executor of this Will. If My Husband is unable or unwilling to serve or continue to serve, for any reason whatsoever, I appoint my daughter, Kathleen E. May-Hartzok, to serve as first contingent Executrix. If Kathleen E. May-Hartzok is unable or unwilling to serve or continue to serve for any reason whatsoever, I appoint my daughter, Rebecca A. May-Salerno, to serve as second contingent Executrix. If Rebecca A. May-Salerno is unable or unwilling to serve or continue to serve for any reason whatsoever, I appoint my daughter, Amy L. May-Snider, to serve as third contingent Executrix. If Amy L. May-Snider is unable or unwilling to serve or continue to serve for any reason whatsoever, I appoint my daughter, Meg Ann May-Hobbs, to serve as fourth contingent Executrix. All references herein to the "Executor" shall mean my originally appointed Executor or my successor Executrix, as the case may be. §4.2 My Executor shall also be the Trustee of any trust and Guardian of any property interest which may be created under this Will for minor children or persons who are incapacitated. Article Five: Powers of Fiduciaries: §5.1 No fiduciary under this Will shall be required to give bond or other security for the faithful performance of the fiduciary's duties. §S.2 rlny such fiduciary shall have the following powers, in addition to those given bylaw: §5.2.1 To invest in, accept and retain any real or personal property, including stock of a corporate fiduciary or its holding company, without restriction to legal investments; §5.2.2 To sell, exchange, paztition or lease for any period of time any real or personal property and to give options therefor for cash or credit, with or without security; §5.2.3 To borrow money from any person including any fiduciary acting hereunder, and to mortgage or pledge any real or personal property; §5.2.4 To hold shares of stock or other securities in nominee registration form, including that of a clearing corporation or depository, or in book entry form or unregistered or in such other form as will pass by delivery; §S.2.S To engage in litigation and compromise, arbitrate or abandon claims; §5.2,6 To make distributions in cash, or in kind at current values, or partly in each, allocating specific assets to particulaz distributes on a non-pro rata basis, and for such purposes to make reasonable determinations of current values; §5.2.7 To make elections, decisions, concessions and settlements in connection with all income, estate, inheritance, gift or other tax returns and the payment of such taxes, without obligation to adjust the distributive share of income or principal of any person affected thereby; §5.2.8 To allocate, in the Executor's sole and absolute discretion, any portion of my exemption under Section 2631(a) of the Internal Revenue Code to any property as to which I am the transferor, including any property transferred by me during my lifetime as to which I did not make an allocation prior to my death; §5.2.9 To create, except when the fiduciary is a beneficiary of the subject mist, with respect to all or any part of the principal of any trust hereunder, including a pecuniary amount, by a written instrument a general testamentary power of appointment within the meaning of Section 2041 of the Internal Revenue Code in any beneficiary thereof and to eliminate such power for all or any part of such principal as to which such power was previously created and to divide trust principal into two fractional shazes based upon the then portion of the trust that would be includable in the gross estate of the beneficiary holding such power if he died immediately before such division (in which case the power shall be over the entire principal of one share and not the other), with each shaze being administered as a separate trust, unless such fiduciary shall therea.4er elect to combine such separate trusts into a single trust; to exercise the foregoing discretion to create or eliminate a general testamentary power of appointment when such fiduciary determines that the inclusion of the property affected thereby in the beneficiary's gross estate may achieve a significant savings in transfer taxes by having a federal estate tax in lieu of a Chapter 13 tax imposed by the Internal Revenue Code on the property subject to such power of appointment or may achieve significant income tax benefits; §5.2.10 To disclaim any interest I may have in any estate if the Executor deems such disc]aimer to be in the best interests of my estate and the beneficiaries thereof §5.2.1 I To terminate any trust created herein, the principal of which is or becomes too small in the Trustee's discretion to make the establishment or continuance of the trust advisable, and to make immediate distribution of the then remaining trust property to the beneficiary then entitled to the income of the trust property or, ifthere is more than one beneficiary, to the beneficiaries then entitled to the income of the trust property in proportion to their respective interests therein or, if such interests are not defined, in equal shares to such beneficiaries; provided, however, no Trustee shall participate in any decision to terminate such trust if by reason of such termination such trustee could receive a distribution of trust property from such trust as aforesaid. The receipts and releases of the distributee(s) will terminate absolutely the right of all persons who might otherwise have a future interest in the trust, whether vested or contingent, without notice to them and without the necessity of filing an account in any court; and §5.2.12 To merge any trust created hereunder with any other trust or trusts created by me or my spouse under will or deed, if the terms of any such trust are then substantially similar and held for the primary benefit of the same person or persons. Article Six: Provision for Taxes: §6.1 All estate taxes, inheritance taxes, transfer taxes and other taxes of a similar nature payable by reason of my death to any government or subdivision thereof upon or with respect to any property subject to any such tax ("Death Taxes"), and any penalties thereon, shall be paid by the Executor out of the principal of that portion of my estate disposed of by Article Two of this Will, and all interest with respect to any such taxes shall be paid by the Executor out of the income or principal or partly out of the income and partly out of the principal of such portion of my estate, in 5 the absolute discretion of the Executor, without reimbursement from or apportionment among the beneficiaries, recipients or owners of such property for any such taxes, penalties or interest; provided, however, the Executor shall not pay any such taxes, penalties or interest attributable to any property included in my estate solely because of a power of appointment thereover which I possess but have not exercised or any qualified terminable interest property; provided further, however, the Executor shall not pay any supplemental federal estate tax, or any penalties or interest related thereto, imposed by Section 4980A(d) of the Internal Revenue Code, which supplemental federal estate tax, together with any penalties or interest related thereto, shall be borne by the recipients of the qualified plan benefit (including my estate if it is a recipient of any such benefit) giving rise to such supplemental federal estate tax in proportion to their respective interests therein. Article Seven: Provision for Debts and Expenses: §7.1 I direct that any of my legally enforceable debts, any expenses of my last illness, funeral and burial, and any of the administrative expenses of my estate shall be paid from the principal of that portion of my estate disposed of by Article Two of this Will. Article Eight: Miscellaneous Provisions: §8.1 As used in this Will, the term "Internal Revenue Code" shall mean the Internal Revenue Code of 1986, as amended from time to time, or the corresponding provision of subsequent law. §8.2 Whenever the Trustee is directed to distribute property to or for the benefit of any beneficiary who is under (a) eighteen years of age, or (b) a legal disability or otherwise suffers from an illness or mental or physical disability that would make distribution directly to such beneficiary inappropriate (as determined in the Trustee's sole discretion exercised in good faith), the Trustee may distribute such property to the person who has custody of such beneficiary, may apply such property for the benefit of such beneficiary, may distribute such property to a custodian for such beneficiary, whether then serving or selected and appointed by the Trustee (including the Trustee), under any applicable Uniform Transfers to Minors Act or Uniform Gifts to Minors Act, may distribute such property directly to such beneficiary's estate, or may distribute such property directly to such beneficiary (except if any of the conditions hereinbefore described in (b) apply), without liability on the part of the Trustee to see to the application of such property. This provision shall not in any way operate to suspend such beneficiary's absolute ownership of such property or to prevent the absolute vesting thereof in such beneficiary. §83 Except as otherwise may be provided in this Will, during the continuance of any of the trusts created under the provisions of this Will, and thereafter until the property is distributed to and received by any beneficiary hereunder, the principal sums thus held in trust for any beneficiary, respectively, and the income thereof shall not be subject to or liable for any contracts, debts, engagements, liabilities or torts of such beneficiary now or hereafter made, contracted, incurred or committed, but shall be absolutely free from the same, .and such beneficiary shall have no power to sell, assign or encumber all or any part of the principal sums or such beneficiary's interest therein, respectively, or the income thereof, or to anticipate the income. §8.4 If any beneficiary hereunder should die within thirty (30) days after me or within thirty (30) days after any other person the survival of whom determines his rights hereunder, then such beneficiary shall be deemed to have predeceased me or such other person for all purposes hereunder. IN WITNESS WHEREOF, I, LOUISE ARNDT MAY, have hereunto set my hand and seal to this, my last Will, typewritten on nine (9) sheets of paper, including the self-proving 7 attestation clause and signatures of witnesses, this / ~-~ day of /`7 .a , , 1997. LOUISE ARNDT MAY Signed, sealed, published and declared by the above named LOUISE ARNDT MAY as and for her last Will, in the presence of us and each of us, who, at her request and in her presence and in the presence of each other, have hereunto subscribed our names as witnesses thereto the day and year last'a/b~ ve written. / ,~ J~l.o-w~-----_ Residing at ~!%~~^- ~ r'/z~4o~ Residing at .3 .) L'1~ ~3Ec•'ch RUU LA.V~ cr;n.v,cr l3uac . ~'/~ . 17Li~ ,r /~'~~~. -`` " `~--' L"`-'~1 (Residing at /u 7 //, aH n S'%REEr COlMi fONWEALTH OF PENNSYLVANIA: COUNTY OF CUMBERLAND S S. We, LOUISE ARNDT MAY, the testatrix, and ~U 1+.~ ~ (~ o r~ [. r t.~ /~. /~,a v i.r a ,and .S . /3FRr~+r f}-i !rl~r the witnesses, whose names aze signed to the attached or foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the testatrix signed and executed the instrument as her last Will; that the testatrix signed willingly and executed it as her free and voluntary act for the purposes therein expressed; that each subscribing witness in the hearing and sight of the testatrix signed the Will as a witness and that to the best of his or her knowledge the testatrix was at that time eighteen (13) years of age or older, of sound mind and under no constraint or undue influence. «~k~ - LOUISE AR'VDT MAY Witness ', '~ fitness Witness Subscribed, sworn to and acknowledged before me by LOUISE ARNDT MAY, the testatrix, and subscribed VtJ'H S'. ~C"kNc .) 1-r ,.ty r~~ , 1997. and sworn to tl ar,N ~ <-nc.~ the witnesses, this Public My Commission expires: SEAL before me by and t_" t day of Notarial Seal Laure E. Kane, Notary Public Camp Hill 8oro, Cumberland County My Commission Expires Nov. 15, 7999 lember, Pennsylvania AsSpCi1tlon of Nnkanpa 9 PERSONAL PROPERTY MENIORANDUNI TO ACCOMPANY WILL OF LOUISE ARIYDT NIAY As provided in Article One of my Will, I hereby designate that the following listed property shall go to the persons whose names are designated herein. ITEM: NAME: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. CORDIER ANTICLUES G fine art AUCTION S APPRAISALS ESTATES Appraisal Report The Estate of Louise A. May, c/o Kathy Hartzok 1558 Walker Road Chambersburg, PA 17202 (717) 262-8159 Prepared by: David J. Cordier Ellen E. Miller Cordier Antiques & Fine Art 2151 Mazket Street Camp Hill, Pennsylvania 17011 Phone: (717)731-8662 Fax: (717)731-9830 Table of Contents I~ Title Page Table of Contents Summary Analysis Conditions of Appraisal Certification Purpose of Report Method of Valuation Definition of Value Basis of Appraisal Description Appraiser Qualifications Value Listings 1 2 3 4 5 5 6 6 6 6 6 7 Appendix A Page: 2 of 9 Summary On August 8, 2008, at the request of The Estate of Louise A. May, c/o Kathy Hartzok, I personally inspected the assets of The Estate of Louise A. May, 1558 Walker Road, Chambersburg, Pennsylvania. ' ~ Value FairFair M~~Ue The Fair Market Value for the property in total is: $2,910.00 This is not the appraisal report. The appraisal report must be read in its entirety. Page: 3 of 9 i 1 Analysis Analysis Nortis Minter of York, Pennsylvania was used as a consultant for the appraisal. Mr. Minter inspected the collection in person. Mr. Minter has over 40 yeazs experience in African art and artifacts. '~ Page: 4 of 9 Conditions of Appraisal ' The value stated in this Appraisal Report is based on the best judgment of the appraiser given the facts and conditions available at the date of the valuation. The use of the report is limited to the purpose of determining the value of personal property for Insurance purposes. M Any additional reseazch or testimony required by the client or the court will be billed at the current rates. Disclosure of the contents of the report is governed by the Standards and Practices of the Certified Appraisers Guild of the America. Certification of Report No prohibited fee was accessed for this report. David J. Cordier and Ellen E. Miller of Cordier Antiques & Fine Art have successfully completed the personal property appraisal certification program with the Certified Appraisers Guild of America and are members in good standing. This report was prepared in accordance with the Uniform Standards of Professional Appraisal Practice and with the Standazds and Practices of the Certified Appraisers Guild of America which has review authority of this report. David J. Cordier and/or Ellen E. Miller have personally examined the subject property. The statements of fact contained in this report are true and correct to the best knowledge and believe of the appraiser. f B avid rdier, C.A.G.A. Cordier Antiques & Fine Art By: Ellen E. Miller, C.A.G.A. Cordier Antiques & Fine Art Page: 5 of 9 1 Purpose of the Report The purpose of this report is to determine the value for Estate Tax purposes for The Estate of Louise A. May, Chambersburg, Pennsylvania. Method of Valuation The method of valuation used for this appraisal is the Fair Mazket Value. Definition of Value Fair M_ arket Value M Under the United States Treasury regulation 1.170-1 c Fair Mazket value is defined as: The price at which the property would change hands between a willing buyer and a willing seller, M neither being under compulsion to buy or compulsion to sell and both having reasonable knowledge. Basis of Appraisal Valuat~n Date The date of valuation for determining the value estimation is August 22, 2008. Date Annraisal Conducted This appraisal was conducted on August 8, 2008. Limitations of Property There were no limitations on use or disposition of this property. Description An itemized list with descriptions is in Appendix A. Page: 6 of 9 CORDIER ANTIQUES & FINE ART Cordier Antiques & Fine Art was established in 1984. The company specializes in appraisals of antiques, fine art and personal property, estate liquidations and the auction and sale of fine antiques, art and real estate. Cordier Antiques & Fine Art maintains memberships in the Certified Appraisers Guild of America, the Antiques and Collectibles Dealers Association, Inc., the Antique Dealers Association of Pennsylvania, the Pennsylvania Auctioneers Association and the National Auctioneers Association. Cordier Antiques & Fine Art has conducted appraisal clinics for such organizations as the Harrisburg Area Community College's Older American Days, the Questers, Rohrer Bus Antiquing Road Show Tour, Millersburg Historical Society, Friends of Fort Hunter, West Shore Country Club and the Friends of the Pennsylvania State Museum. Cordier Antiques & Fine Art is an underwriter for the Antiques Road Show on WITF Public Television. DAVID J. CORDIER C.A.G.A. CERTIFIED APPRAISER David J. Cordier is co-owner of Cordier Antiques & Fine Art located in Camp Hill, Pennsylvania. Mr. Cordier has been an antiques and jewelry dealer since 1980 and an appraiser since 1990. David Cordier of Cordier Antiques & Fine Arc has successfully completed the personal property appraisal certification program with the Certified Appraisers Guild of America. Mr. Cordier is a graduate of Winterthur Museum's Winter Institute, a graduate level program in American Decorative Arts. David Cordier has attended classes in the fine and decorative arts at George Washington University, Washington D.C. and the appraisal studies program at New York University, New York. Mr. Cordier studied the arts and decorative arts in Pennsylvania at Penn State University and holds a Master's degree in Business Administration from Penn State Capital Campus. Mr. Cordier is a writer for the Harrisburg Patriot News reporting on antiques and related events in central Pennsylvania. He also wrote a bi-weekly feature column "Eye on Antiques" for the Sunday Patriot News from 2001 to 2006. ELLEN E. MILLER C.A.G.A. CERTIFIED APPRAISER Ellen E. Miller joined Cordier Antiques & Fine Art in 2000. Ms. Miller holds a Bachelor's degree in Marketing from Shippensburg University and a Master's degree in Business Administration from Temple University. Sincejoining Cordier Antiques & Fine Art, Ms. Miller has been the Director of Internet Sales, conducting research and documentation of inventory, maintaining client relationships and managing an international customer base. She has been responsible for the sale of several large collections via Intemet auction including classic automobiles, antique toys, sports memorabilia and autographs. Ms. Miller has successfully completed the personal property appraisal certification program with the Certified Appraisers Guild of America. Prior to joining Cordier Antiques & Fine Art, Ms. Miller worked in the printing industry in sales and administration. Page: 7 of 9 Appendix A Fair Marke,;.Value-, y~~,~~ $75.00 achete. 28" Wood handle. Blade marked "Legitimus Collins & Co ' ~ ~_ ~ USA #328". Tooled leather sheath marked on belt "Donald Ellis May". Blade tip missing. $75.00 ow] on stand. 10" diameter x I S" high overall. Carved wood bowl with cover. Ebony stand with ivory inlaid eyes. African. 20th century. ' ~•3~ w $250.00 Figures, pair. 27" Man and woman. Elongated form. Ebony. East African. Mid 20th century. ' $80.00 figures, pair. 11-1/2". Ebony. East African. Mid 20th century. \'%~5• $80.00)Figures, pair. Male I1", female 11-3/4". Ebon . ~~` 20th cenhlry. Y East African. Mid 6>mQ~/ $120.00 Figures, pair. Male 13-1/4", female 13". Ebony. East African. Mid '' ._ u 20th century. I 7•~ $200.00 awed heads, pair. Male 12-1/2", female 13-1/2". Ebony. East African, probably Tanzania. Mid 20th century. I $35.00 onkeys, three. 5-1/2" Ebony. East African. Mid 20th century. ____~ $75.00 Figures, pair. 7". Ebony. East African. Mid 20th century. $50.00 )Bookends. 7". Carved in the form of elephant heads. Ivory tusks an __,~.\yes. Ebony. East African. Mid 20th century, d ~~1 ' $30.00 T/~u-tle. 7-1/2" x 5" x 3". Ebony. Right front foot broken. East African. /Mid 20th century. i~ $20.OO~Bird. 6-1/2. " Ebony. Broken beak and base. East African. Mid 20th / ,, .._.~century. Y3. \ \) 100.00 Ivory items, four. Includes 1) 4-1/2" vase carved with elephant 2) ~C~~~` 4-1/2" vase carved with bird eating fish, damaged 3) 4-3/4" carved egret ` --...._.:_~ 4) 2-1/2" napkin ring carved with branches. African. 20th century. -/ ~J"1, $35.OO~igures, two. 2" and 3 ". Elephants. Ebony. Lazger missing tusk. East ~7"" b~frican. Mid 20th century. ~~ $300.00 mplement in the form of a 5" Female with string necklace. Old and ~ncrusted finish. African. Eazl Page: 8 of 9 y 20th century. „~~ $35.00 ottery bowl. 4-3/4" x 6-3/4" diameter. Chipped rim. Mica in otte C~West African. Mid 20th century. p 27' $250.00 eg bracelet 7-1/2" diameter x 1-3/4 " at widest point. Cast brass with chasing. Possibly Fang tribe. (Form of money.) 20th century. ~-\ 18. ~ $75.00 racelet. 4-1/2" diameter x 3/4" wide. Cast brass with chasing. (Form of money.) 20th century. ..n d~,~~ $25.00 Figure. 3" x 1-1/2". Frog. Cast bronze. 20th century. ' 00.00 uiver with arrows. 27" long. Leather quiver with fringe. Overall ~\~~cing. Seven bamboo arrows with iron tips. One ti missin . No ' African, possibly Moroccan. Mid 20th century. p g ~ ~_1 ~ ~21 ~ $800.00 Ivory tusks, pair. 27" and 2g". African. 111 __~ 910 00 Total ~ tJD~ Page: 9 of 9 ~~ 8 ~ti JI ,~ ~v .~ d N Q M M ~ ~. aN N d ./d W L Q d A 0 z 3 ` N v V .; d b~ c 3 0 0 a t .. L_ 3 v wt w d d O v ~+ C V d 0 ~_~ ~ _ a ~.. ~ Y1 N ~ N .~ O a 1 ~~ ^A-; = 1L~~ Q? 5 N v ~md`G a a d q ~ YI N O o~Nrv ago i = '~ ' ~ o w E i. O _= s A ~ 1 M ~ N 1 N ~ 1"''1 i 3 Z \~, N _~ W~ ~~ ~; ~ ~~ ,~ ~~ . ~~ m ~, .~ J ~ J ~ _ ---° _~~ ~ i. 1 ~1 ~ # `." ~c r~~ ~ -~ JV _ ~ ~ ~ i t /~ --~ ` ~ 1 Y] ~ ~ ~u`~ ~ ~~ ~; ~, ~ ~. ~ ~ ~ y ~ ,~ ., _~ ~ ~ -~'' ._~ ;> >, ~; ~ ~~ ~U i _ ~. .-- -~i..~--" ~ i ~_ ~~ ~.- ~,.. ,~-~-e.._...-s....._.. 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