HomeMy WebLinkAbout09-21-09 (2)J 1505607120
REV-1500 EX (06-05) OFFICIAL USE ONLY
PA Department of Revenue County Code Year File Number
Bureau of Individual Taxes INHERITANCE TAX RETURN
PO 60X.280601
Harrisburg, PA 17128- 21 0 8 0 9 7 0
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death Date of Birth
207 09 6005 09 16 2008 02 23 1913
Decedent's Last Name Suffix Decedent's First Name MI
BUCHER, SR. WILLIAM T
(If Applicable) Enter Surviving Spouses Information Below
Spouse's Last Name Suffix Spouse's First Name MI
Spouse's Social Security Number
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
X 1. Original Return 1 2. Supplemental Return 3. Remainder Return (date of death
prior to 12-13-82)
4. Limited Estate ~ 4a. Future Interest Compromise 5. Federal Estate Tax Return Required
(date of death after 12-12-82)
X 6 Decedent Died Testate X°I ~ Decedent Maintained a Living Trust Q 8. Total Number of Safe Deposit Boxes
(Attach Copy of Will) (Attach Copy of Trust)
9. Litigation Proceeds Received ', 10, Spousal Poverty Credit (date of death t 1,Election to tax under Sec. 9113(A)
between 12-31-91 and 1-1-95) (Attach Sch. O)
CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name - Daytime Telephone Number ,
MARIELLE F HAZEN 717 540 4332
Firm Name (If Applicable)
HAZEN ELDER LAW ~~ REGISTERt~WILLSUS~ILY '
O
First line of address ~~~~ ~~-~d~ rn
2000 LINGLESTOWN RD. -=~r-n i'V ~-
Second line of address '~ G~'~`
' 7~~~ ~+ <
SUITE 202 ,--~`_ -~ __
DA7E~ED --
City or Post Office State ZIP Code
!JI
HARRISBURG PA 17110 ~"
Correspondents a-mail address:
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief,
it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge.
SIGiJ&Tti(2E OF RERSON RESPOAISIBLE 6CR FILING RETURN nnTF
Julia B Books ~ ' / 8', p
307 S Washington St, Mechanicsburg, PA 17055
SI ^N~Ur~ OF PREP RER OTHER THAN REPRESENTATIVE DATE
~/~ y ~~ ~v , ~~ ~ Marielle F Hazen 9 - / ~- O
vAffD(?~ES. ~
2000 Linglestown Rd., Harrisburg, PA 17110
Side 1
1505607120 1505607120
1505607220
REV-1500 EX
DecedenPs Name William Thomas Bucher, Sr.
RECAPITULATION
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 & Notes Receivable (Schedule D) ......................................................... . 4.
5_ Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ............... 5.
6. Jointly Owned Property (Schedule F) .Separate Billing Requested ............. 6.
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G) Separate Billing Requested ............ . 7.
8. Total Gross Assets (total Lines 1-7) ...................................................................... . g.
9. Funeral Expenses & Administrative Costs (Schedule H) ........................................ . 9.
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) ............................... . 10.
11. Total Deductions (total Lines 9 & 10) ..................................................................... . 11.
12 Net Value of Estate (Line 8 minus Line 11) ........................................................... .. 12.
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) ................................................ . 14.
TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate, or
transfers under Sec. 9116
(a)( 0 0 15.
16. Amount of Line 14 taxable
at lineal rate X .045 4 9 1, 7 0 9. 3 9 16.
17. Amount of Line 14 taxable
at sibling rate X 12 D 0 0 17.
18. Amount of Line 14 taxable
at collateral rate X .15 0 0 0 18.
19. Tax Due .................................................................................................................... . 19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT.
Decedent's Social Security Number
207 09 6005
284,332.66
10,849.01
248,000.00
543,181.67
49,776.99
1,695.29
51,47z.z8
491,709.39
491,709.39
0.00
22,126.92
0.00
o.oo
22,126.92
Side 2
1505607220 1505607220
REV-1500 EX Page 3 File Number 21-08-0970
Decedent's Complete Address:
DECEDENT'S NAME
William Thomas Bucher, Sr.
STREET ADDRESS
14 E. First Street
C'TY STATE ZIP
Boiling Springs PA 17007
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19) (1) 22,1 26.92
2. .;redits/Payments
A. Spousal Poverty Credit
B. Prior Payments 21 ,162.26
C. Discount 789.47
Total Credits (A + B + C) (2) 21,951.73
3. Interest/Penalty if applicable
p. Interest
E. Penalty
Total InterestlPenalty (D + E) (3)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (4)
Check box on Page 2 Line 20 to request a refund
5 If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 175.19
A. Enter the interest on the tax due. (5A) 2.2 5
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) ~ 7 ] , 44
Make Check Payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred;........._ ................................................................... x
b. retain the right to designate who shall use the property transferred or its income :.................................... x
c. retain a reversionary interest; or ................................................................................................................ x
d. receive the promise for life of either payments, benefits or care? ........................................................... x
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without
receiving adequate consideration? ...................................................................................................................... x
3. Did decedent own an "in trust for' or payable upon death bank account or security at his or her death?......... x
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? .................................................................................................................. x
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
For dates of death on or after July 1, 1 y94 and before January 1, 1 yy5, the tax rate imposes on the net value of transfers to or for the use of the
s~~rviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)j.
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.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a
natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116 (a) (1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4 5) percent,
except as noted in 72 P.S. §9116 1.2) [72 P.S. §9116 (a) (1)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116 (a) (1.3)]. 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.
Rev-1503 EX+ (6-98)
SCHEDULE B
STOCKS & BONDS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF (FILE NUMBER
Bucher, Sr., William Thomas 21-08-0970
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM
NUMBER CUSIP
NUMBER
DESCRIPTION
UNIT VALUE VALUE AT DATE
OF DEATH
1 Citi -Smith Barney Investment Account 283,864.85
#724-24294-18-790
Accrued dividend on Item 1 through date of death 467.81
TOTAL (Also enter on Line 2, Recapitulation) 284,332.66
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule B (Rev. 6-98)
Rev-1508 EX+ (6-96)
SCHEDULE E
CASH, BANK DEPOSITS, 81: MISC.
PERSONAL PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Bucher, Sr., William Thomas 21-08-0970
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointly-owned with the right of survivorship must be disclosed on schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1 Cash 200.00
2 PA Property Tax Rebate 250.00
3 Refund - Highmark medical insurance premium 229.02
4 Refund - PA Dept. of Revenue 2008 personal income tax 2.00
5 Refund -State Farm Insurance Co. premium -home owners insurance 137.89
6 Refund - US Treasury - 2008 federal income taxes 41.00
7 Reimbursed County Taxes -for 7130109 - 12/31/09 as per attached Real Estate 233.64
Settlement HUD-1 Line 407
8 Reimbursed School Taxes -for 7/30109 - 6130/10 as per attached Real Estate 2,059.21
Settlement HUD-1 Line 408
9 M8tT Bank -Checking Account #2679023792 5,196.25
10 1989 Lincoln Towncar - (sales price) sold to a private party 500.00
11 2003 Simplicity Lawn Tractor - (sales price) sold to a private party 2,000.00
TOTAL (Also enter on Line 5, Recapitulation) I 10,849.01
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-98)
Rev-1570 EX+ (6-98)
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF (FILE NUMBER
Bucher, Sr., William Thomas 21-08-0970
This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes.
ITEM
NUMBER DESCRIPTION OF PROPERTY
INCLUDE NAME OF TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND
THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. DATE OF DEATH
VALUE OF ASSET % OF DECDS
INTEREST EXCLUSION
(IF APPLICABLE) TAXABLE
VALUE
1 1.01 acre lot on E. First St., Boiling Springs, PA - 58,000.00 100.000 58,000.00
owner, Bucher Irrevocable Grantor Trust dated
5/31/2006; Beneficiaries: Julia B. Books and
William Thomas Bucher, Jr., children of
decedent. Value as per attached appraisal.
2 14 E. First St., Boiling Springs, PA -owner, 190,000.00 100.000 190,000.00
Bucher Irrevocable Grantor Trust dated
5131/2006; Beneficiaries: Julia B. Books and
William Thomas Bucher, Jr., children of
decedent. Sale price as per attached HUD-1
Settlement Statement Line 401
TOTAL (Also enter on Line 7, Recapitulation) ~ 248,000.00
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule G (Rev. 6-98)
REV-1151 EX+ (12-99) ~
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
ESTATE OF I FILE NUMBER
Bucher, Sr., William Thomas 21-08-0970
Debts of decedent must be reported on Schedule I.
ITEM DESCRIPTION AMOUNT
NUMBER
A. FUNERAL EXPENSES:
See continuation schedule(s) attached
B. ADMINISTRATIVE COSTS:
1. Personal Representatives Commissions
Social Security Number(s) / EIN Number of Personal Representative(s):
Street Address
City State Zip
Year(s) Commission paid
2. Attorneys Fees Hazen Elder Law
3. Family Exemption: (If decedents address is not the same as claimants, attach explanation)
Claimant
Street Address
City State Zip
Relationship of Claimant to Decedent
4. Probate Fees Cumberland Co. Register of Wills
5. Accountants Fees
6. Tax Return Preparers Fees Jones Accounting Service -prep of 2008 final lifetime
7. Other Administrative Costs
3,698.47
14,000.00
365.00
85.00
31,628.52
TOTAL (Also enter on line 9, Recapitulation) I 49,776.99
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 FILE NUMBER
Bucher, Sr., William Thomas 21-08-0970
ITEM
NUMBER DESCRIPTION AMOUNT
Funeral Expenses
1 Hollinger Funeral Home 3,398.47
2 St. John's Lutheran Church -memorial service luncheon 50.00
3 St. John's Lutheran Church -Internment Service 50.00
4 Trindle Spring Cemetary -fee for internment 200.00
H-A Subtotal 3,698.47
Other Administrative Costs
5 Cumberland Law Journal -Estate Notice 75.00
6 Diversified Appraisals -fee for appraisal of real estate 650.00
7 Edgar Books -interior painting to real property to make it saleable 1,185.00
8 Jan Strzalkowski -vehicle cleaning to prepare for sale; power wash residence to 966.00
prepare for sale; yard mowing and maintenance of real property for sale
9 Met-Ed Electric -maintain electric while real property is listed for sale; 10108 - 8/09 205.60
10 Michael Loreman -truck rental/movers to remove junk from residence 68.15
11 Peterman Power Equipment, Inc. - repair of lawn tractor for sale 342.84
12 Real Estate Settlement Charges -Seller Assist - as per attached HUD-1 Settlement 5,700.00
Sheet Line 506
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 FILE NUMBER
Bucher, Sr., William Thomas 21-08-0970
ITEM
NUMBER DESCRIPTION AMOUNT
13 Real Estate Settlement Closing costs - as per attached HUD-1 Settlement Sheet Line 17,428.45
502
14 Robert C. Cairns - So. Middleton Tax collector - County/Twp. real estate tax for 4/09 631.25
15 Ron Griffith -removal fee for removing trash/junk from residence 125.00
16 So. Middleton Twp Municipal Authority -water/sewer - 1109 - 4/09; paid to maintain 202.00
real property while listed for sale.
17 State Farm Insurance Co. -premium for homeowners insurance 797.00
18 Susquehanna Oil Co. -utility to maintain real property while listed for sale; 11108 - 1,592.53
6/09
19 Susquehanna Oil Co. -furnace repair needed to make real property saleable 293.41
20 The Sentinel -Estate Notice 198.52
21 US Treasury - 2008 federal income tax 41.00
22 Walter Fake -interior painting to real property to make it saleable 981.00
23 Waste Management -utility to maintain real property while listed for sale; 12108 - 145.77
5/09
H-B7 Subtotal 31,628.52
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98)
Rev-1512 EX+ (6-98)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
ESTATE OF (FILE NUMBER
Bucher, Sr., William Thomas 21-08-0970
Include unreimbursed medical expenses.
ITEM
NUMBER
DESCRIPTION VALUE AT DATE
OF DEATH
1 Cardiology Diagnostic, LLC -Medical expense 35.00
2 Cumberland Goodwill Fire Rescue - Transport/Ambulance -Medical expense 83.50
3 Embarq Telephone 82.26
4 Met-Ed Electric 23.57
5 So. Middleton Twp Municipal Authority -water/sewer 99.00
6 State Farm Insurance Co. -premium for vehicle insurance 213.55
7 Susquehanna Oil Co. -fuel oil 201.91
8 Thornwald Home -additional fee for Private Room 956.50
TOTAL (Also enter on Line 10, Recapitulation) I 1,695.29
(If more space is needed, additional pages of the same size)
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule I (Rev. 6-98)
REV-1513 EX+ (9-0O)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE J
BENEFICIARIES
ESTATE OF FILE NUMBER
Bucher, Sr., William Thomas 21-08-0970
NAME AND ADDRESS OF RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE
NUMBER PERSON(S) RECEIVING PROPERTY DECEDENT (Words
Do Not List Trustees ) ($$$)
I. TAXABLE DISTRIBUTIONS [include outright spousal
distributions, and transfers
under Sec. 9116(a)(1.2))
1 Julia B Books Daughter 50% Residue
307 S. Washington St. Est; 50% of
Mechanicsburg, PA 17055 Bucher
Irrevocable
2 Thomas M Bucher, Jr. Son 50% Residue
574 Barber St. Est; 50% of
Sebastian, FL 32958 Bucher
Irrevocable
I I Total
Enter dollar amounts for distributions shown above on lines 15 through 18, as appropriate, on Rev 1500 cover sheet
II. NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT
BEING MADE
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET 0.00
Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule J (Rev. 6-98)
REGISTER OF WILLS
CUMBERLAND COUNTY
PENNSYLVANIA
CERTIFICATE OF
GRANT OF LETTERS
No . 2008- 00974 PA No . 21- 08- 0970
Estate Of : WILLIAM THOMAS BUCHER SR
{First, Midd{e, Last/
a/k/a : THOMAS M BUCHER SR
Late Of : SOUTH MIDDLETON TOWNSHIP
CUMBERLAND COUNTY
Deceased
Social Security No: 207-09-6005
WHEREAS, on the 9th day of October 2008 an instrument dated
May 9th 2006 was admitted to probate as the Last will of
WILLIAM THOMAS BUCHER SR
(First, Midd{e, Lastl
a/k/a THOMAS M BUCHER SR
Late of SOUTH MIDDLETON TOWNSHIP, CUMBERLAND County,
who died on the 16th day of September 2008 an
WHEREAS, a true copy of the will as probated is annexed hereto.
THEREFORE, I, GLENDA EARNER STRASBAUGH Register of Wills in and
for CUMBERLAND County, in the Commonwealth of Pennsylvania, hereby
certify that I have this day granted Letters TESTAMENTARY to.•
JULIA B BOOKS
who has duly qualified as EXECUTOR(R/X)
and has agreed to administer the estate according to Iaw, all of which
fully appears of record in my office at CUMBERLAND COUNTY COURT HOUSE,
CARLISLE, PENNS YL VAN/A.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seal
of my office on the 9th day of October 2008.
,~ ,
~'.
Register of Will
~1 A 4( !~ ~ .t- n 1~ / 1 A'~ l~ Yl l~ /~'1 n 1
eputy
**NOTE** ALL NAMES ABOVE APPEAR (FIRST, MIDDLE, LAST)
LAST WILL AND TESTAMENT
~...~
OF
~-~ -
__ n
-_' -?7
~'~ i ~~ _- r
_, ~.
WILLIAM THOMAS BUCHER, SR. --~
- c-~ _-
-~ -~
~;,,
I, WILLIAM THOMAS BUCHER, SR., now domiciled in Cumberland County,
Pennsylvania, declare this to be my Last Will and Testament. I revoke all other wills and codicils
that I may have previously made.
Article I
My just debts and expenses of my last illness, funeral, and administration of my estate
shall be paid by my Executor from the principal of my residuary estate as soon as practicable
after my death.
Article II
All inheritance, estate, and succession taxes (including interest and penalties thereon, but
not including any generation skipping tax) payable by reason of my death shall be paid out of
and be charged generally against the principal of my residuary estate without reimbursement
from any person. This provision is not a waiver of any right which my Executor has to claim
reimbursement for any such taxes which become payable as the result of any property over
which I have the power of appointment.
Article III
I give, devise and bequeath my tangible personal property in accordance with any
memorandum I have handwritten or signed, located with my will or with my valuable papers and
found within 30 days of the probate of my will. Gifts may only be to persons who survive me or
to organizations which exist at my death, and if there is a conflict, the memorandum having the
latest date shall govern. To the extent no such memorandum is found, or all of my tangible
personal property is not. disposed of pursuant thereto, my tangible personal property shall be
added to my residuary estate and pass under Article IV hereof.
Article IV
All the rest, residue and remainder of my estate, of whatsoever nature and wheresoever
situate, I give, devise and bequeath in equal share to my children, JULIA B. BOOKS and
WILLIAM THOMAS BUCHER, JR., Per Stirpes.
If a beneficiary fails to survive me by thirty (30) days, but leaves descendants who
survive me by thirty (30) days, those descendants shall receive, Per Stirpes, the share the
beneficiary would have received had he or she survived me by thirty (30) days. The share of any
deceased child who does not have living issue shall be distributed to my surviving child.
Article V
I nominate, constitute and appoint my children, JULIA B. BOOKS and WILLIAM
THOMAS BUCIFIER, JR., as Co-Executors of my Last V~ill and Testament. I direct that my
Co-Executors be permitted to serve without bond. In addition to those powers granted by law, I
2
grant them power to distribute in cash or in kind, in like or in unlike shares, and to file any
qualified disclaimer I could have filed if living. My Co-Executors shall receive reasonable
compensation for services rendered to my estate.
Article VI
In addition to the powers conferred by law, I authorize my Executors, in their absolute
discretion_
(a) to retain in the form received and to sell either at public or private sale, any real
estate or personal property except that which I specifically bequeath herein,
(b) to manage real estate,
(c) to invest and reinvest in all forms of property without being confined to legal
investments, and without regard to the principal of diversification,
(d) to exercise any option or right arising from the ownership of investments,
(e) to compromise claims without court approval and without consent of any
beneficiary,
(f) to file any federal income tax return for any year for which I have not filed such
return prior to my death,
(g) to make distributions in cash or in kind, or in both, and to determine the value of
any such property,
(h) to employ any attorney, investment advisor, or other agent deemed necessary by
my Executors; and to pay from my estate reasonable compensation for all their services,
(i) to conduct alone or with others, any business in which I am engaged in, or have
an interest in at time of my death, and
3
(j) to receive reasonable compensation in accordance with their standard schedule of
fees in effect while their services are performed.
IN WITNESS WHEREOF, I, WILLIAM THOMAS BUCHER, SR., hereby set my
hand to this my Last Will and Testament, on ~ , 2006, at Harrisburg,
Pennsylvania.
~~~ ~~ ~~
WILLIAM THOMAS BUCHER, SR.
In our presence, the above-named WILLIAM THOMAS BUCHER, SR. signed this
and declared this to be his Last Will and Testament and now at his request, in his presence, and
in the presence of each other, we sign as witnesses.
Name Address
----- 2000 Linglestown Rd Suite 202 Harrisburg, PA 17110
~~~v'w~k~• ~~1~~~w1~ bx--- 2000 Linglestown Rd Suite 202 Harrisburg~PA 17110
4
I, WILLIAM THOMAS BUCHER, SR., Testator, who signed the foregoing
instrument, having been duly qualified according to law, acknowledge that I signed and executed
this instrument as my Will, and that I signed it willingly as my free and voluntary act for the
purposes therein expressed.
Sworn to or affirmed and
Acknowledged before me by
WILLIAM THOMAS BUCHER, SR., the Testator
on ~.Cz~ ~ ~~ , 2406.
ti
N Public
COMMONWEALTH OF PENNSYLVANIA
Notarial Seal
Jets C. Combs, Notary Public
Susquehanna Twp., Dauphin County
My Commission Expires Oct. 21, 2008
~/ ~'~
WILLIA TH MAS B CH R, SR.
We, the undersigned witnesses who signed the foregoing instrument, being duly qualified
according to law, depose and say that we were present and saw the Testator sign and execute this
instrument as his Will; that he signed and executed it willingly as his free and voluntary act for
the purposes therein expressed; that each of us in his sight and hearing signed the Will as
witnesses, and that to the best of our knowledge, that he was at that time eighteen (18) years or
more of age, of sound mind, and under no constraint or undue influence,
Sworn to or affirmed and
Subscrt ed to b fore me
by /~ ,i j ~~u z~ .
and (_`~ t~~~~J i; rt ~~.v,
witnesses, on k k~ ~ , 2006.
itn ss '
~~ ~-uc., ~il~~~ri~ ti1.~J
Witness
N, y u lic
COMMONWEALTH OF PENNSYLVANIA
Notarial Seal
Jets C. Combs, Notary Public
Susquehanna Twp., Daupphin County
My Commission Expires Oct. 21, 2008
5
FILE
IRREVOCABLE TRUST AGREEMENT
BUCHER IRREVOCABLE
GRANTOR TRUST
WILLIAM THOMAS BUCHER, SR.,
Settlor
and
JULIA B. BOOKS,
Trustee
Law Office of Marielle F. Hazen
2000 Linglestown Road, Suite 202
Harrisburg, PA 17110
(717) 540-4332
IRREVOCABLE TRUST AGREEMENT
This Trust Agreement is entered into this 31 day of May, 2006, by William Thomas
Bucher, Sr., who currently resides at 14-E First Street, Boiling Springs, Pennsylvania 17007, as
Settlor of the Trust, hereafter referred to as "Settlor,"
A
N
D
Julia B. Books, who currently resides at 307 South Washington Street, Mechanicsburg,
Pennsylvania 17055, as Trustee of the Trust, hereafter referred to as "Trustee."
ARTTCLE 1
CREATION OF TRUST ESTATE
1.01. NAME OF TRUST
The name of the Trust will be the BUCHER IRREVOCABLE GRANTOR TRUST.
1.02. TRANSFER IN TRUST
The Settlor hereby transfers the property listed in Schedule A of this Trust Agreement to the
Trustee and acceptance of this property is hereby acknowledged by the Trustee. The Settlor
intends to transfer additional property to the Trust over time. Said property and all other property
transferred to and received by the Trustee to be held pursuant to this Trust shall constitute the
"Trust Estate" and shall be held, administered, and distributed by the Trustee as hereinafter
provided.
1.03. ADDITIONS TO THE TRUST ESTATE
The Settlor, either during life or by Will, or any other person shall have the right at any time
to add property acceptable to the Trustee to this Trust. Such property, when received by the
Trustee, shall become part of the Trust Estate.
1.04. MANAGEMENT OF TRUST INVESTMENTS
The person or persons serving in the capacity of Trustee may in writing designate one of said
persons or a third person of his or her or their choosing to act as the authorized agent of the
Trustee for purposes of performing investment and other property management decision making
and services and exercising the powers specified in this Trust Agreement.
ARTICLE 2
IRREVOCABILITY OF TRUST
2.01. IRREVOCABILITY OF TRUST
This is an Irrevocable Trust. This Trust cannot in any way be revoked by the Settlor. The
Settlor hereby expressly acknowledges that the Settlor shall not have any right or power, either
alone or in conjunction with others, or in any capacity whatsoever, to alter, amend, modify,
revoke, or terminate this Trust or any of the terms of this Trust Agreement in whole or in part, or
otherwise to cause any of the principal of the Trust to be paid to or otherwise revert to the Settlor
or to any spouse of the Settlor or to the Settlor's estate or to the estate of any spouse of the
Settlor, or to the creditors of the Settlor or any spouse of the Settlor or the creditors of their
estates.
ARTICLE 3
DISTRIBUTIONS BY THE TRUSTEE WHILE SETTLOR IS LIVING
3.01. NET INCOME TO SETTLOR
While the Settlor is living, the Trustee shall pay to or apply for the benefit of the Settlor, in
quarterly or such other convenient and reasonable installments as the Settlor shall require, all of
the net income from the Trust Estate, unless otherwise directed by the Settlor. Capital gains shall
not be treated as income for purposes of distribution and are not distributable to the Settlor and
must be retained by the Trust.
ARTICLE 4
MANAGEMENT OF TRUST UPON DEATH OF SETTLOR
4.01. DISPOSITION OF TRUST ESTATE UPON THE DEATH OF THE
SETTLOR
Upon the death of the Settlor, the Trustee shall distribute all of the principal and accumulated
income of the Trust Estate in equal shares to the Settlor's children, William Thomas Bucher,
Jr., and Julie B. Books. In the event that any of the Settlor's said children are not living at the
time of distribution, then his or her share of the Trust Estate shall be paid to those of his or her
children who are living at the time of distribution.
4.02. SPECIAL POWER OF APPOINTMENT
The provisions of Article 4.01 hereinabove notwithstanding, the Settlor reserves the power,
exercisable at any time or from time to time, by written instrument delivered to the Trustee
during the Settlor's lifetime or by a provision in the Settlor's Will or any Codicil thereto making
l
~'
express reference to this power, to appoint any part or all of the principal and/or income of the
Trust fund, outright or upon trusts, conditions or limitations among the following persons:
William Thomas Bucher, Jr., and Julie B. Books, the children of the Settlor, and the children
of the aforesaid children of the Settlor (i.e., the grandchildren of the Settlor). The power
specified in this Article 4.02 shall not be exercised in a manner that would permit any
distribution of Trust principal be made to or for the Settlor or any spouse of the Settlor, or to the
Settlor's estate or the estate of any spouse of the Settlor, or to the creditors of the Settlor or of
any spouse of the Settlor, or the creditors of the Settlor's estate or of the estate of any spouse of
the Settlor. Unless within thirty (30) days after the death of the Settlor, the Trustee has actual
notice of the existence of a Will or other writing wherein this special power of appointment was
exercised, it shall be deemed for all purposes hereunder that such power of appointment was not
exercised.
ARTICLE 5
GENERAL ADMINISTRATIVE DIRECTIONS
5.01. PAYMENTS FOR THE BENEFIT OF A BENEFICIARY
If at any time any beneficiary entitled to receive income or principal from the Trust Estate is
a minor or an incompetent or a person whom the Trustee in the Trustee's discretion deems
unable to handle funds properly or wisely if paid directly to the beneficiary, the Trustee in the
Trustee's sole discretion may make payments in any one or more of the following ways:
a. Directly to the beneficiary;
b. To the natural Guardian or legally appointed Guardian of the Person or Estate of the
beneficiary;
c. By making expenditures directly for the care, support, maintenance, or education of the
beneficiary; or
d. To any person or organization furnishing care, support, maintenance, or education for the
beneficiary;
e. To a Custodian for the beneficiary under any law related to gifts or transfers to minors,
including to the Trustee in that capacity;
f. To a duly appointed Agent of the beneficiary authorized to receive such payments pursuant
to a Durable Power of Attorney.
The Trustee shall not be required to scc to the application of any funds paid or applied in any
of the aforementioned ways and the receipt of the payee shall be full acquittance of the Trustee.
The decision of the Trustee with regard to the selection of which of the aforementioned methods
should be used in making payments shall be conclusive and binding on all parties concerned.
5.02. CONFLICTING CLAIMS
Whenever there are conflicting claims as to the person entitled to any payment or distribution
from the Trust Estate, the Trustee may in the Trustee's discretion withhold, without the payment
of interest, all or any part of any disputed payment or distribution until the matter has been
adjudicated and final judgment entered by an appropriate court.
5.03. SPENDTHRIFT PROVISIONS
No beneficiary or remainderman of any interest in any trust created by this instrument shall
have any right to alienate, encumber, or hypothecate his or her interest in the principal or income
of the Trust in any manner, nor shall any interest of any beneficiary or remainderman be subject
to claims of his or her creditors or liable to attachment, execution, or other process of law. This
article shall not restrict the exercise of any power of appointment specified in this Trust
Agreement.
5.04. PHOTOCOPIES
Photocopies of this Trust Agreement shall have the same force and effect as the original and
shall be accepted by any party as being of the same force and effect as the original.
5.05. GRANTOR TRUST
It is the Settlor's intention that this trust be construed as a "grantor trust" under the Internal
Revenue Code § 677(a). All income shall be taxable to the Settlor, whether distributed or
accumulated by the trust.
5.06. TRUSTEE'S CONTINGENT POWERS
If there is a change in relevant federal or state laws, rules, or policies concerning Income-
Only Trusts, then the Trustee is instructed to administer and distribute the Trust assets and
income according to such revised laws, rules, and policies, unless such change is more restrictive
than current law and if this Trust Agreement would be exempt from such change. The Trustee is
authorized to amend this Trust document to conform with changes made, subsequent to the
execution of this Trust, in federal or state laws, rules, regulations, or policies, to effect the
purpose of this Trust, if this Trust is not grandfathered from such changes, or to make the Trust
comply with interpretations of federal or state law so that Settlor's eligibility for Medicaid
benefits is preserved. However, in no event may any payment of the principal of the trust be
made to or for the benefit of either the Settlor or any spouse of the Settlor or to the Settlor's
estate or to the estate of any spouse of the Settlor or to the creditors of the Settlor or any spouse
of the Settlor or the creditors of their estates. If Settlor is denied Medicaid, the Trustee may take
such legal action by way of Fair Hearing or filing an action with or appealing to any court of
competent jurisdiction to enforce Settlor's rights.
5.07. NO PAYMENT OF PRINCIPAL TO SETTLOR PERMITTED
Any other provision of this Trust Agreement or of the laws of the Commonwealth of
Pennsylvania or any other jurisdiction notwithstanding, there shall be no circumstances under
which any payment from the principal (corpus) of the trust could be made to or for the benefit of
the Settlor or to or for the benefit of any spouse of the Settlor.
ARTICLE 6
POWERS OF FIDUCIARIES
6.01. POWERS OF FIDUCIARIES
The Trustee, and any successor Trustee, shall have the following powers in addition to those
vested in them by law and by other provisions of this Trust Agreement, applicable to all property
whether principal or income, including property held for minors or incompetents, which powers
shall be exercisable without court approval, and shall be effective until actual distribution of all
property:
a. To invest in all forms of real and personal property (including, without limitation, stock,
option, or other securities, common trust funds, and mortgage investment funds), without
restriction to investments authorized for Fiduciaries, as the Trustee shall deem proper, without
regard to any principle of diversification or risk.
b. To pay all taxes, assessments, compensation of the Trustee, and all other expenses incurred
in the collection, care, administration, and protection of any Trust Estate.
c. To sell at public or private sale, to exchange, or to lease for any period of time, any real or
personal property and to give options for sales, exchanges or leases, with such prices and upon
such terms or conditions as the Trustee deems proper.
d. To allocate receipts and expenses to principal or income or partly to each as the Trustee from
time to time thinks proper.
e. To borrow from, or to sell to, any Fiduciary even though the Fiduciary is the Trustee, Agent,
Guardian, or Executor.
f. To hold property in the Trustee's name without designation of any Fiduciary capacity or in
the name of a nominee or unregistered.
g. To enter into transactions with other Fiduciaries including the Trustees or Executors of other
trusts and estates in which any beneficiary under this instrument has any interest, and including
themselves as Fiduciaries for other estates and trusts, and in such transactions to purchase
property, or make loans or notes secured by property, even though similar property constitutes a
large portion of the Trust property, and to retain any such property or notes as if they had been an
original part of the estate or trust.
h. To exercise, respecting securities held by the Trust Estate, all the rights, powers, and
privileges of an owner, including, without limitation, the power to vote, give proxies, and to pay
assessments and other sums deemed by the Trustee to be necessary for the protection of the Trust
Estate.
i. To continue and operate, to sell or to liquidate, as the Trustee deems advisable, at the risk of
the Trust Estate, any business or partnership interests received by the Trust Estate.
j. To sell for cash or on deferred payments at public or private sale, to exchange and to convey
any property of the Trust Estate.
k. On any division of the Trust Estate into separate shares or trusts, to apportion and allocate the
assets of the Trust Estate in cash or in kind, or partly in cash and partly in kind, or in undivided
interests in the manner deemed advisable in the discretion of the Trustee. After any division of
the Trust Estate, the Trustee may make joint investments with funds from some or all of the
several shares or Trusts, but the Trustee shall keep separate accounts for each share or trust.
1. To abandon any Trust asset or interest therein in the discretion of the Trustee.
m. To grant an option involving disposition of a Trust asset and to take an option for the
acquisition of any asset by the Trust Estate.
n. To lease any real or personal property of the Trust for any purpose for terms within or
extending beyond the duration of the Trust.
o. To manage, control, improve, and repair- real and personal property belonging to the Trust
Estate.
p. To employ attorneys, investment advisers, accountants, brokers, tax specialists, and any other
Agent deemed appropriate in the discretion of the Trustee, including persons associated with or
employed by any Trustee, and to pay from the Trust Estate reasonable compensation for all
services performed by any of them.
q. To borrow money for any Trust purpose from any person, firm, or corporation, including one
acting as a Trustee hereunder, on the terms and conditions deemed appropriate by the Trustee
and to obligate Trust assets for repayment; to encumber the Trust or any property thereof by
mortgage, deed of trust or otherwise, using whatever procedures to consummate the transaction
deemed advisable by the Trustee; and to replace, renew, and extend any encumbrance and to pay
any loans or other obligations of the Trust deemed advisable by the Trustee.
r. To procure and carry at the expense of the Trust insurance of the kinds, forms, and amounts
deemed advisable by the Trustee against any hazard.
s. To compromise, submit to arbitration, release with or without consideration, or otherwise
adjust claims in favor of or against trust; to commence or defend litigation affecting the Trust or
any property thereof as deemed advisable by the Trustee.
t. To do all the acts, to take all the proceedings, and to exercise all the rights, powers, and
privileges that an absolute owner of the property would have, subject always to the discharge of
Fiduciary obligations; the enumeration of certain powers in this Trust Agreement shall not limit
the general or implied powers of the Trustee. The Trustee shall have all additional powers that
may now or hereafter be conferred on the Trustee by law or that may be necessary to enable the
Trustee to administer the Trust in accordance with the provisions of this Trust Agreement,
subject to any limitations specified in this Trust Agreement.
u. To pay all taxes, assessments, compensation of the Trustee, and all other expenses incurred
in the collection, care, administration, and protection of any Trust Estate.
v. To retain in the Trust for such time as the Trustee may deem advisable any property,
including shares of the Trustee's own stock, notes, accounts, certificates, or other investments in
which the Trustee has an interest, received by the Trustee from the Settlor, whether or not such
property is of the character permitted by law for the investment of Trust funds, and to operate at
the risk of the Trust Estate any business or property received by the Trustee from the Settlor.
ARTICLE 7
MISCELLANEOUS PROVISIONS
7.01. MISCELLANEOUS PROVISIONS
a. Neither the Trustee nor any other person acting hereunder shall be required to give
bond for the faithful performance of his or her duties in any jurisdiction.
b. No person dealing with the Trustee, or the Trustee's successors or survivors, shall be
bound to see to the application of any purchase money or other consideration or to inquire into
the validity, necessity, or propriety of any transaction to which such Fiduciaries may be parties.
c. Any Trustee shall be entitled at any time to seek a judicial settlement of accounts in any
court of competent jurisdiction selected by my Trustee. As an alternative, the Trustee may at any
time settle the account of the Trust or Trust share hereunder by agreement with the income
beneficiary or beneficiaries of that Trust or Trust share who are not under any legal disability;
and such agreement shall bind all persons whether or not then in being or sui juris, or then or
thereafter entitled to any portion of the Trust or Trust share, and shall effectively release and
discharge the Trustee for the acts and proceedings so accounted for.
d. The Trustee shall be entitled to receive reasonable compensation. Any Trustee shall be
entitled to be reimbursed for reasonable expenses it incurs that are necessary to carry out its
duties as Trustee hereunder.
e. Whenever appropriate in this Trust Agreement, the singular shall be deemed to include
the plural and vice versa; and the masculine shall be deemed to include the feminine, and vice
vcrsa, and cach of them to include the neuter, and vice versa.
f: For all purposes hereunder, the word "property" shall be deemed to include real and
personal property and any interest of any kind in any real or personal property; and the word
"give" shall be taken to include the words "devise" and "bequeath" wherever appropriate in
order to effectuate the transfer of real or personal property.
g. For all purposes hereunder, the terms "Personal Representatives," "Committee
Members," "Trustees," "Guardians," "Agents," and "Fiduciaries," and the singulars thereof, shall
apply, respectively, to those who are then entitled and qualified to act as such, whether originally
appointed, remaining, substituted, or succeeding. The term "corporate Trustee," if used herein,
shall mean a corporation that is in the business of acting as a Fiduciary and is duly authorized
under the law of the situs of the Trust to serve as Trustee.
h. The Trustee shall have the power, in the Trustee's discretion, to select assets to be sold
by the Trust Estate for the payment of debts, and taxes in a manner that will minimize the
recognition of gain for federal income tax purposes. The Trustee shall have the right to exercise
any options and elections under the tax laws applicable to the Trust Estate as the Trustee
determines should be made. No compensation adjustments between income and principal shall
be made even though the elections may affect the interests of the beneficiaries. The action of the
Trustee with respect to options and elections made shall be conclusive and binding upon all
beneficiaries.
i. There shall be no duty on the Trustee to pay or see to the payment of any premiums on
any policies of life insurance or to take any steps to keep them in force, until such time as the
Trustee holds title to any insurance policies hereunder as a part of the corpus of any Trust Estate.
The Trustee furthermore assumes no responsibility with respect to the validity or enforceability
of said policies. However, as soon as practicable after receiving notice of the death of the insured
under any of such policies, the Trustee shall proceed to collect all amounts payable thereunder.
The Trustee shall have full and complete authority to collect and receive any and all such
amounts and its receipt therefor shall be a full and complete acquittance to any insurer or payor,
who shall be under no obligation to see to the proper application thereof by the Trustee.
j. Notwithstanding anything to the contrary, no Trust hereunder shall extend beyond
twenty-one (21) years after the death of the last survivor of the Settlor and those children and
grandchildren of the Settlar who are living at the date of the Settlor's death. At the expiration of
that period, the Trustee shall distribute the remaining portion of any Trust property to the
beneficiaries entitled to income at that time, provided, however, that in no event may any
distributions of principal be made to or for the benefit of either the Settlor or any spouse of the
Settlor or to the Settlor's estate or to the estate of any spouse of the Settlor or to the creditors of
the Settlor or any spouse of the Settlor or the creditors of their estates.
k. The Trustee shall render an account of the administration of the trust to the then-living
adult income beneficiaries and adult remainderman on request by any adult income beneficiary
or adult remainderman, and the approval thereof by the living adult beneficiaries and
remainderman shall be conclusively binding on all parties in interest under this Agreement. The
aforementioned adult beneficiaries or adult remainderman, as the case may be, shall be
conclusively presumed to have approved each such account unless he, she, or they file written
exceptions thereto with the Trustee within thirty (30) days after the receipt of each account.
Nothing herein shall limit the right of the Tn~stcc to file an accaunting in a caurt of campetent
jurisdiction at appropriate times. The records of the Tclist shall be opened at all reasonable tunes
to the inspection of the beneficiaries of the Trust and their appointed representatives.
ARTICLE 8
ALTERNATE FIDUCIARIES
8.01. SUCCESSOR TRUSTEES
If Julia B. Books should be unable or unwilling to act or continue as Trustee for any reason
whatsoever, William Thomas Bucher, Jr., shall be the successor Trustee with full power and
authority as specified herein. In the event that both Julia B. Books and William Thomas Bucher,
Jr., should both be unable or unwilling to act or continue as Trustee for any reason whatsoever, a
successor Trustee shall be chosen by a majority of those of the children and grandchildren of the
Settlor who are then over age 18 and legally competent.
8.02. DETERMINATION OF INCAPACITY, RESIGNATION, OR OTHER
INABILITY OR UNWILLINGNESS TO ACT BY PERSON SERVING AS TRUSTEE
a. The inability or unwillingness of any person to act or continue as Trustee or co-Trustee
shall be conclusively presumed for all purposes upon execution by the Settlor of a written
statement certifying the existence of said incapacity or unwillingness. All persons shall rely upon
such a certification and are hereby released from any and all liability of any nature in regard to
the Trust Estate and the beneficiaries of the Trust resulting from the reliance on said certification.
b. In the alternative, the inability or unwillingness of any person to act or continue as
Trustee or co-Trustee shall be conclusively presumed for all purposes upon execution by any two
of the following persons of a written statement certifying the existence of said incapacity or
unwillingness: William Thomas Bucher, Jr., and Julie B. Books (all of whom are issue of the
Settlor). All persons shall rely upon such a certification and are hereby released from any and all
liability of any nature in regard to the Trust Estate and the beneficiaries of the Trust resulting
from the reliance on said certification.
c. In the alternative, the inability of any person to act or continue as Trustee shall be
conclusively presumed by all persons if a physician, duly licensed to practice in the
Commonwealth of Pennsylvania or another of the United States, shall by written statement
declare that in the physician's opinion the person is unable to serve as Trustee due to ill health,
disability, incapacity, death, or for any other reason, All persons shall rely upon such a statement
by said physician and the Settlor hereby releases all persons acting in reliance thereupon and any
said physician from any and all liability of any nature in regard to the making or relying upon
such a statement.
8.03. REMOVAL OF TRUSTEE
The Settlor shall have the power to remove any then acting Trustee or co-Trustee of the Trust
whenever in the Settlor's judgment it is in the best interest of the Trust and to appoint in his or
her or its place an individual or corporate trust company to act as such Tnistee with all the
powers and authorities given herein, provided, however, that neither the Settlor nor any spouse
of the Settlor shall become a Trustee. Any removal of a Trustee or co-Trustee, appointment of
Trustee or co-Trustee, shall be by instrument in writing, signed, and acknowledged and delivered
to-the Trustee so removed and the Trustee so appointed, provided that the failure to file or deliver
such instrument shall not make it ineffective.
ARTICLE 9
REALTY TRANSFER TAX
9.01. REALTY TRANSFER TAX EXCLUSION
Other provisions of this Trust Agreement notwithstanding, in the event that real estate is
transferred to the Trust by the Settlor, no distributions of the principal, income, or other assets of
this Trust shall ever be made from the Trust to any persons who would fail to meet the
requirements necessary to exclude the transfer of real estate to this Trust from realty transfer
taxation under the Section 8102-C.3 of the Pennsylvania Realty Transfer Tax Act (72 P.S.
§ 8102-C.3) as that law is in effect at the time of the transfer of the real estate interest to the
Trust.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this 31st day of May,
2006.
Wit ss
illiam Thomas Bucher, Sr., Settlor
Witn ss
J 'a B. Books, Trustee
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF DAUPHIN
ss.
Before me, the undersigned authority, personally appeared WILLIAM
THOMAS BUCHER, JR., Trustee, personally known to me or proved to me on the
basis of satisfactory evidence, to be the person whose name is subscribed to the within
instrument and acknowledged that such person executed the same.
WITNESS my hand and seal:
1 Dc~
Date ~ Not Pub is
COMMONWEALTH OF PENNSYLVANIA
Notarial Seal
Marielle F'. Hazen, Notary Public
Susquehanna Twp., pauphm County
My Commission Expires Sept. 23, 2006
COMMONWEALTH OF PENNSYLVANIA
. ss.
COUNTY OF DAUPHIN
Before me, the undersigned authority, personally appeared JULIA B. BOOKS,
Trustee, personally known to me or proved to me on the basis of satisfactory evidence, to
be the person whose name is subscribed to the within instrument and acknowledged that
such person executed the same.
WITNESS my hand and seal:
~ ~
ate ' Not y Public
N W F P SYLVANIA
NMarial Seal
Marielk F. Hagen, Notary Public
Susquet+anna 7VYp., an County
My Corr+missien E.~cpirest. ?3, 2006
SCHEDULE A
BUCHER IRREVOCABLE GRANTOR TRUST
The following assets have been conveyed to the Trust this day of
2006.
1. Ten Dollars ($10.00).
William Thomas Bucher, Sr., Settlor
By executing this Schedule A of the BUCHER IRREVOCABLE GRANTOR TRUST, the
person named below agrees to accept the position of Trustee and further accepts the Trust assets
hereby conveyed.
ACCEPTED BY:
Julia B. Books, Trustee
Q MsTB-ank
499 Mitchell Road, Millsboro, DE ]9966 Mail Code DE-MB-12
Phone (888) 502-4349
Fax (302) 934-2955
October 20, 2008
Hazen Elder Law
2000 Linglestown Road, Suite 202
Harrisburg, Pennsylvania 17110
Re: Estate of Thomas M Bucher
,Social Security: 2(J7-09-6005
Date of Death: September 16, 2008
Dear Sir or Madam:
Per your inquiry dated October 13, 2008, please be advised that at the time of death, the above-named decedent had on
deposit with this bank the following:
1. Type of Account Checking Account
Account Number 2679023792
Ownershlp (Names of) Carolyn H Bucher
Thomas MBucher*
Opening Date 6/28/96 Closed .10/17/08
Balance on Date of Deuth $ 5,196.25
Accrued Interest $ 0.00
Total $ 5,196.25
Please be advised, there was no safe deposit box found for the above decedent.
* If upon reviewing the information above, you believe ihere are additional accounts not referenced, please provide
us with an account number and/or name of any possible joint account holder. For any additional information on the
above accounts, including ownership and any changes, closures and/or reimbursement of funds, etc., please contact
our Boiling Springs Office # 717-241-7790.
Sincerely,
Trade Hare
Records Management
3
~i
~ ~~~
G~;
a~i ~ ~ z~~~ 4~
~~~
'~ ~...
11 North 3rd Street Tel 717 7801700
2nd Floor Strawberry Square Fax 717 233 2090
Harrisburg, PA 17101 Toll Free 800 237 1700
smith barney
November 28,2008
Attn: Corinne Eggers Woodhouse
Hazen Elder Law
Suite 202
2000 Linglestown Road
Harrisburg, PA 17110
Re: Account information for the estate of William Thomas Bucher, Sr.
Dear Corinne:
We had one account in the name of Thomas M. Bucher, Sr. at the time of his
death. Attached is a list of the assets held in account number 724-24294-18-790
at Smith Barney as of September 16, 2008. The following is the information
you requested for this account:
Account number: 724-24294-18-790
Account owner: Thomas M. Bucher, Sr. -Individual
The value. of the account as of September 16, 2008 based on the closing
prices of the assets held was $283,864.85.
Ownership changes: The account was originally opened under the
ownership of Thomas M. Bucher, Sr. and Carolyn H. Bucher, joint tenants
with rights of survivorship. Carolyn H. Bucher passed away in March of
2006 and the account ownership was changed April 30, 2006 to Thomas
M. Bucher, Sr., individual, which is how it remained through the date of
death. The valuation of the account at the time of the ownership change
was $317,504.53.
Please call us at 1-800-237-1700 extension 1735 (Bill) with any questions.
Sincerely,
~~.~c
Bill Barton
Client Service Associate for
Marilynn R. Kanenson
Vice President -Wealth Management
Financial Planning Specialist
Citiqroup Global Markets Inc.
The information set forth was obtained from sources which we believe reliable but we do not guarantee its accuracy or completeness.
Neither the information nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities.
Page 1
Security valuation information for account 724-24294-18-790 (Thomas M. Bucher, Sr.)
As of September 16, 2008
Security name/symbol Shares High Low Close
Common Stocks
Citigroup, lnc./C 153 $ 16.01 $ 14.10 $ 15.75
DPL, Inc./DPL 337 $ 23.92 $ 22.28 $ 23.10
DTE Energy Company/DTE 200 $ 42.65 $ 42.65 $ 42.65
PNC Financial Svs Group/PNC 1320 $ 76.80 $ 67.75 $ 76.78
PPL Corp./PPL 800 $ 38.62 $ 36.52 $ 38.17
Public Service Enterprise Grp/PEG 600 $ 36.41 $ 33.70 $ 36.12
Puget Energy Inc. New/PSD 200 $ 26.35 $ 23.71 $ 25.47
Closed End Funds
Nuveen Multi-Strategy Income & Growth Fund 2/JQC 1,000 $ 6.99 $ 6.67 $ 6.83
Preferred Stocks
ABN Amro Cap Fund Tst V 5.50%/ABNPRE 600 $ 10.01 $ 6.05 $ 8.65
Finl Security Assur Hlgs 6.875%/FSB 600 $ .9.12 $ 5.00 $ 6.75
General American Invest 5.95°lo/GAMPRB 800 $ 21.20 $ 21.20 $ 21.20
General Elec Cap Corp 5.875%/GED 400 $ 22.63 $ 21.47 $ 22.35
General Elec Cap Corp Pines 6.1%/GEC 200 $ 24.00 $ 21.95 $ 22.83
SLM Corp 6%lJgM 560 $ 12.36 $ 9.51 $ 10.09
Mutual Funds
American High Income Trust Fund CI A/AHITX 737.286 $ 10.59
Bond Fund of America CI A/ABNDX 1329.814 $ 11.98
Capital World Bond Fund CI A/CWBFX 413.946 $ 19.29
Certificate of Deposit
Westernbank Puerto Rico-Callable CD Mat. 1-12-2015 5.125% $ 19,000.00
CD accrued interest $ 178.52
Cash/Money Market
Western Asset Money Market Fund Class A -balance $ 3,396.59
Western Asset Money Market Fund Class A -accrued interest $ 3.24
APPRAISAL REPORT
1.01-ACRE LOT ON E. FIRST ST.
BOILING SPRINGS, PENNA.
PREPARED FOR
THE ESTATE OF THOMAS M. BUCHER, SR.
BY
LARRY E. FOOTE
DIVERSIFIED APPRAISAL SERVICES
35 EAST HIGH STREET, SUITE 101
CARLISLE, PENNSYLVANIA.
17013-3052
(717) 249-2758
COPY
SUMMARY OF IMPORTANT FACTS AND .CONCLUSIONS
LOCATION:
TAX PARCEL NUMBER:
DESCRIPTION:
PROPERTY RIGHTS:
East First Street
Boiling Springs, Pennsylvania
40-29-2482-128
A 1.01-acre tract of vacant land.
Fee simple interest.
OWNERSHIP HISTORY: The subject property is owned by the Bucher Irrevocable
Grantor Trust. No transfer of ownership has taken place
during the past three years.
SCOPE OF. THE ASSIGNMENT: The scope of the assignment included an analysis of the
subject's area, an inspection of the subject property, an
estimation of the property's highest and best use,
consideration of all three approaches to value, and the
application of those relevant to the valuation of the
subject.
OBJECTIVE: To estimate the market value of the subject property as
unencumbered.
EFFECTIVE DATE: As of September 16, 2008.
HIGHEST AND BEST USE: Use as asingle-family residence building site.
COST APPROACH: N.A.
SALES APPROACH: $58,000
INCOME APPROACH: N.A.
FINAL VALUE CONCLUSION: $58,000
2
THE VALUATION PROCESS
The valuation process is defined in The Appraisal of Real Estate as published by the
Appraisal Institute, as "a systematic set of procedures an appraiser follows to provide answers
to a client's questions about real property value."
It consists of a series of steps that are appropriate to a specific and particular appraisal
assignment that begins with a client engaging a real estate appraiser to develop an opinion of
value for a specific property as of a given effective date and ends when the appraiser
communicates and reports the final conclusions and opinions to the client.
Definition of the Appraisal Problem:
The first step in the appraisal process includes the presentation of the following:
1. Identification of the client, the intended use, and the intended users of the appraisal
report.
2. The purpose of the appraisal, including a definition of the value being reported.
3. Determination of the effective date of the appraisal report.
4. Extraordinary assumptions that are applicable to the appraisal assignment.
5. Hypothetical conditions that are applicable to the appraisal assignment.
Scope of Work:
Scope of work is defined in the Uniform Standards of Professional Practice as being
"the type and extent of research and analyses in an assignment." This includes the degree and
extent of research and the data that is deemed as necessary to develop a credible opinion of
value for the property being appraised.
Data Collection and Analysis:
The appraiser must gather and analyze market area data, subject property data, and
compazable property data that is relative and relevant to the appraisal assignment.
Development and Application of Traditional Approaches to Value:
The appraiser must consider which of the three traditional approaches to value are
applicable, relevant, and necessary for developing a credible opinion of value for the subject
property. These three traditional approaches to value include the Cost Approach, Sales
Comparison Approach, and Income Capitalization Approach. When two or more of these
approaches to value aze developed, the appraiser must determine the amount of emphasis and
consideration to be given to each of those approaches to value, since one or more may have
greater significance in the appraisal of a specific property.
Reconciliation of Value Indications and Final Opinion of Value:
The final step in the valuation process is the reconciliation of the value indications
developed by the appraiser. Reconciliation is the analysis of alternative conclusions to arrive at
a final value estimate. Reconciliation is required because different value indications result
from the use of multiple approaches to value and within the application of a single approach.
The final value estimate is not derived simply by applying technical and quantitative
3
procedures, rather, it involves the exercise of judgment, and the value conclusion reached must
be consistent with market thinking.
4
APPRAISAL CERTIFICATION
I hereby certify that upon application for valuation by:
THE ESTATE OF THOMAS M. BUCHER, SR.
the undersigned personally inspected the following described property:
All that certain piece or parcel of land situate in South Middleton Township,
Cumberland County, Pennsylvania, bounded and described as follows:
Beginning at a concrete monument located on the southern right-of--way of East First
Street; said point of beginning being the common corner of Lot No. 8 and lands of Richard W.
Martin; thence continuing along said right-of--way, North 79 degrees, 00 minutes, 00 seconds
East, a distance of 144.65 feet to a concrete monument located at lands of Thomas M. Bucher;
thence continuing along said lands of Thomas M. Bucher and Lot No. 7, South 11 degrees, 00
minutes, 00 seconds East, a distance of 306.00 feet to an iron pin located at the common corner
of Lot No. 7 and Parcel "B"; thence continuing along said Pazcel "B", South 80 degrees, 41
minutes, 51 seconds West, a distance of 144.72 feet to an iron pin; thence continuing along said
Parcel "B", and lands of Richard W. Martin, North 11 degrees, 00 minutes, 00 seconds West, a
distance of 301.72 feet to the said point of beginning. Containing 1.009 acre.
To the best of my knowledge and belief the statements contained in this report aze true
and correct, and that neither the employment to make this appraisal nor the compensation is
contingent upon the value reported, and that in my opinion the Market Value as of September
16, 2008 is:
FIFTY-EIGHT THOUSAND DOLLARS
$58,000
The property was appraised as a whole, subject to the contingent and limiting conditions
outlined herein.
Larry E. Foote
Pa. Certified General Appraiser
GA-000014-L
5
PURPOSE OF THE APPRAISAL
The purpose of this appraisal is to estimate the Mazket Value of the subject property as
of September 16, 2008.
Market Value, as defined by the courts, is the most probable price estimated in terms of
money which a property will bring if exposed for sale in the open market, allowing a
reasonable time finding a purchaser who buys with knowledge of all the uses to which it is
adapted and for which it is capable of being used.
Frequently, it is referred to as the price at which a willing seller would sell and a willing
buyer would buy, neither being under abnormal pressure.
HIGHEST AND BEST USE
Highest and Best Use is defined by the Appraisal Terminology and Handbook,
published by the Appraisal Institute, as "the most profitable likely use to which a property can
be put". The opinion of such use may be based on the highest and most profitable continuous
use to which the property is adapted and needed, or likely to be in demand, in the reasonable
near future.
However, elements affecting value that depend upon events or a combination of
occurrences which, while within the realm of possibility, are not fairly shown to be reasonably
probable, should be excluded from consideration. Also, if the intended use is dependent on an
uncertain act of another person, the intention cannot be considered.
Based on the above definition and after seeing the site, neighborhood, and area, it is my
opinion that use of the subject as asingle-family residence building site is its Highest and Best
Use.
6
-SITE DATA
ADDRESS: East First Street
TOWNSHIP: South Middleton
COUNTY: Cumberland
STATE: Pennsylvania
LOT SIZE: Approximately 1.01 acre.
SEWERS: Public utility.
WATER: Public utility.
ELECTRICITY: MetEd
ZONING: Village District.
DETRIMENTAL INFLUENCES
None. Pride of ownership is evident throughout the neighborhood.
DESCRIPTION OF THE SITE
The subject site consists of a vacant tract of land containing 1.01 acre of gross area.
This tract of land is rectangular in shape and contains 144.65 linear feet of macadam road
frontage along East First Street. The tract extends 306 feet in depth.
The topography of the site is such that the elevation rises slightly from front to rear and
from right to left. There. does not appear to be any drainage problems, and according to the
Federal Emergency Management Agency map number 420371-0020-C, the site is not located
in an azea which is prone to flooding.
In the absence of core boring, it has been assumed that there aze no mineral deposits of
a commercial nature underlying the subject site. For the same reason, it is assumed that there
aze no unusual sub-soil conditions that would adversely affect the subject site.
Access to the site is via East First Street, and visibility of the site from this roadway is
considered to be good.
7
THE APPRAISAL PROCESS
Three approaches to value are generally included in an appraisal report. These
techniques include the cost approach, sales comparison approach, and income approach to
value.
The cost approach to value is based on the assumption that the reproduction cost of a
building plus land value, tends to set the upper limit to value. A key assumption is that a newly
constructed building would have advantages over the existing building, therefore an evaluation
focuses upon disadvantages or deficiencies (depreciation) of the existing building compared to
anew facility.
The sales comparison approach to value assumes that under normal conditions, a given
number of parties acting intelligently and voluntarily, tend to set a pattern from which value
can be estimated. Application of this approach relies on a comparison of the subject with a
sufficient number of recent transactions of comparable properties in the mazket, based on a
common unit, such as price, per square foot of building area or price per acre.
The income approach concerns itself with present worth of the future potential benefits
of a property. The initial estimate involves the net income, which a fully informed person is
justified in assuming the property will produce during its remaining useful life. This estimated
net income is then capitalized into a value estimate, based upon the level of risk as compared
with that of a similaz type and class.
Since the subject property consists of a vacant tract of land and it is unlikely that the
subject would be used for income-producing purposes, only the sales comparison approach to
value has been applied to the subject property and is subsequently presented.
8
SALES COMPARISON APPROACH
In arriving at this conclusion of the value of the subject property, the appraiser made a
survey of properties that have sold in the area of the subject property.
Consideration was given and adjustments were made on each comparable sale as to
time of sale, size, location, as well as all other factors that might affect value. A resume of
some of the sales considered by the appraiser is as follows:
SALE NO. l
Location: Jefferson Drive, South Middleton Township
Parcel No.: 40-24-0758-241
Date of Sale: April 23, 2008
Deed Ref.: 200812844
Sale Price: $65,000
Size: .84 acre
Unit Price: $77,381 per acre
Grantor: Residential Home Company
Grantee: Chadler M. and Jodi C. Jumper
SALE NO. 2:
Location: East Springville Road, South Middleton Township
Parcel No.: 40-10-0638-027
Date of Sale: May 21, 2008
Deed Ref.: 200816835
Sale Price: $68,500
Size: .90 acre
Unit Price: $76,111 per acre
Grantor: Chester E. and Mildred V. Duncan
Grantee: Bryan S. Wirl
SALE NO. 3:
Location: Adams Road, South Middleton Township
Parcel No.: 40-24-0744-079
Date of Sale: December 5, 2008
Deed Ref.: 200838911
Sale Price: $70,000
Size: .97 acre
Unit Price: $72,165 per acre
Grantor: Debra L. Laman
Grantee: Kelly L. Cluck
9
SALE NO. 4:
Location:
Parcel No.:
Date of Sale:
Deed Ref.:
Sale Price:
Size:
Unit Price:
Grantor:
Grantee:
Locust Court, South Middleton Township
40-10-0636-527
November 21, 2007
200743823
$79,500
.93 acre
$85,484 per acre
Dickinson Estates
Mary J. and Joy S. Eshelman
The appraiser, in addition to the sales listed, also considered several additional sales in
arriving at his final opinion of value. On the Sales Comparison Analysis form that follows this
page are dollar adjustments reflecting market reaction to those items of significant variation
between the subject and comparable properties. If a significant item in the comparable
property is superior to, or more favorable than, the subject property, a minus (-) adjustment is
made, thus reducing the indicated value of the subject; if a significant item in the comparable is
inferior to, or less favorable than, the subject property, a plus (+) adjustment is made, thus
increasing the indicated value of the subject.
After making all of the necessary adjustments, it is the appraiser's considered opinion
that the indicated value of the subject property by the Sales Comparison Approach is $58,000.
10
SALES COMPARISON ADJUSTMENTS
The appraiser has analyzed comparable sales and has developed dollar adjustments,
reflecting market reaction to those items of significant variation between the subject and
comparable properties. If a significant item in the comparable property is superior to, or more
favorable than the subject property, a minus (-) adjustment is made, thus reducing the indicated
value of the subject; if a significant item in the comparable is inferior to, or less favorable than
the subject property, a plus (+) adjustment is made, thus increasing the indicated value of the
subject.
SALE #1 SALE #2 SALE #3 SALE #4
Sale Price 65,000 68,500 70,000 79,500
Price Per Acre 77,381 76,111 72,165 85,484
Location -19 345 -19 028 -18 041 -21,371
Indicated Value: 58,036 57,083 54,124 64,113
1.01 acre x $57,000 = $57,570
Rounded to: $58,000
11
CORRELATION
Correlation may be defined as "the bringing together of parts in a proper relationship."
The parts of this appraisal report are the following approaches to value your appraiser used:
Value Indicated by Cost Approach N.A.
Value Indicated by Sales Comparison Approach $58,000
Value Indicated by Income Approach N.A.
These approaches are representative of the market value of the subject property. I have
carefully reexamined each step in each method, and I believe the conclusions accurately reflect
the attitude of typical purchasers of this type property in this neighborhood. It is my belief that
this reexamination has confirmed the original conclusions.
The Sales Comparison Approach was based on several recent sales of properties similar
to that of the subject, all of which are located in the same general area. The adjusted sales
prices are most consistent under comparison. This approach is the most reliable because it
reflects the reactions of typical buyers and sellers in the market.
Therefore, as a result of this appraisal and analysis, it is this appraiser's considered
judgment and opinion that the Market Value of the subject property, as of September 16, 2008,
is:
FIFTY-EIGHT THOUSAND DOLLARS
$58,000
12
UNDERLYING ASSUMPTIONS AND LIMITING
CONDITIONS SUBJECT TO THIS APPRAISAL
1. I assume no responsibility for matters legal in nature, nor do I render any opinion as to
the title, which is assumed to be mazketable. The property is appraised as though under
responsible ownership.
2. The legal description used herein is correct.
3. I have made no survey of the property, and the boundaries aze taken from records
believed to be reliable.
4. I assume that there are no hidden or unappazent conditions of the property, subsoil or
structures which would render it more or less valuable. I assume no responsibility for
such conditions or for engineering which might be required to discover such factors.
5. The information, estimates, and opinions furnished to me and contained in this report
were obtained from sources considered reliable and believed to be true and correct.
However, no responsibility for accuracy can be assumed by me.
6. This report is to be used in its entirety and only for the purpose for which it was
rendered.
7. Neither all nor any part of the contents of this report (especially any conclusions as to
value, the identity of the appraiser or the firm with which he is connected) shall be
reproduced, published, or disseminated to the public through advertising media, public
relations media, news media, sales media, or any other public means of communication,
without the prior written consent and approval of the appraiser.
8. This appraisal was prepazed under the extraordinary assumption that any easements or
rights of way of record have no adverse impact upon the highest and best use or value
herein reported. A title search was not requested nor included in the scope of work for
this assignment.
9. This appraisal was prepared for the exclusive use of the client identified in this appraisal
report. The information and opinions contained in this appraisal set forth the
appraiser's best judgment in light of the information available at the time of the
preparation of this report. Any use of this appraisal by any other person or entity, or
any reliance or decisions based on this appraisal are the sole responsibility and at the
sole risk of the third party. The appraiser accepts no responsibility for damages
suffered by any third party as a result of reliance on or decisions made or actions taken
based on this report.
13
CERTIFICATE QF APPRAISAL
Your appraiser hereby certifies that:
1. The statements of fact contained in this report aze true and correct.
2. The reported analyses, opinions, and conclusions are limited only by the reported
assumptions and limiting conditions, and are my personal, impartial, and unbiased
professional analyses, opinions, and conclusions.
3. I have no present of prospective interest in the property that is the subject of this report,
and no personal interest with respect to the parties involved.
4. I have no bias with respect to the property that is the subject of this report or to the
parties involved with this assignment.
5. My engagement in this assignment was not contingent upon developing or reporting
predetermined results.
6. My compensation for completing this assignment is not contingent upon the
development or reporting of a predetermined value or direction in value that favors the
cause of the client, the amount of the value opinion, the attainment of a stipulated result,
or the occurrence of a subsequent event directly related to the intended use of this
appraisal.
7. To the best of my knowledge and belief, the statements of fact contained in this
appraisal report, upon which the analyses, opinions, and conclusions expressed herein
are based, are true and correct.
8. This appraisal report sets forth all of the limiting conditions (imposed by the terms of
my assignment or by the undersigned) affecting the analyses, opinions, and conclusions
contained in this report.
9. This appraisal report has been made in conformity with the Uniform Standards of
Professional Appraisal Practice adopted by the Appraisal Standards Boazd of the
Appraisal Foundation, and is subject to the requirements of the Code of Professional
Ethics and Standards of Professional Conduct of the National Association of Realtors
Appraisal Section.
14
10. No one other than the undersigned prepared the analyses, conclusions, and
opinions concerning real estate that are set forth in this appraisal report.
~'~%~~~~
Larry E. Foote
Pa. Certified General Appraiser
GA-000014-L
15
PRIVACY NOTICE
Pursuant to the Gramm-Leach-Billey Act of 1499, effective July 1, 2001, appraisers,
along with all providers of personal financial services are now required by federal law to
inform their clients of the policies of the firm with regazd to the privacy of client nonpublic
personal information. As professionals, we understand that your privacy is very important to
you and are pleased to provide you with this information.
In the course of performing appraisals, we may collect what is known as "nonpublic
personal information" about you. This information is used to facilitate the services that we
provide to you and may include the information provided to us by you directly or received by
us from others with your authorization.
We do not disclose any nonpublic personal information obtained in the course of our
engagement with our clients to nonaffiliated third parties, except as necessary or as required by
law. By way of example, a necessary disclosure would be to our independent contractors, and
in certain situations, to unrelated third party consultants who need to know that information to
assist us in providing appraisal services to you. All of our independent contractors and any
third party consultants we engage are informed that any information they see as part of an
appraisal assignment is to be maintained in strict confidence within the firm. A disclosure
required by law would be a disclosure by us that is ordered by a court of competent jurisdiction
with regazd to a legal action to which you are a party.
We will retain records relating to professional services that we have provided to you for
a reasonable time so that we aze better able to assist you with your needs. In order to protect
your nonpublic personal information from unauthorized access by third parties, we maintain
physical, electronic and procedural safeguards that comply with our professional standards to
insure the security and integrity of your information.
16
LARRY E. FOOTE
REAL ESTATE APPRAISER
EXPERIENCE:
1979-Present: Chief Appraiser, Diversified Appraisal Services, Carlisle, Pa.
Principal Broker, LaRue Development Company, Carlisle, Pa.
1976-1979: Associate Broker, Colonial Realty, Carlisle, Pa.
1972-1976: Realtor Associate, Jack Gaughen Realtor, Carlisle, Pa.
Appraisal experience included undeveloped land, farms, building lots, single-family dwellings, mobile
home parks, medical centers, nursing homes, motels, apartment buildings and complexes, office
buildings, service stations, veterinary clinics, rehabilitation centers, retail buildings, daycare centers,
warehouses, and manufacturing facilities.
EDUCATION:
Bachelor of Business Administration, Pennsylvania State University, 1976.
Associate Bachelor of Business Administration, Harrisburg Area Community
College, 1974.
Diploma, Carlisle Senior High School, 1965.
Certificate, Pennsylvania Realtors Institute, GRI I, GRI II, GRI III.
Certificate, Realtors National Marketing Institute, CI 101, CI 102, CI 103, CI 104,
CI 105.
Standards of Professional Practice, American Institute of Real Estate Appraisers.
Real Estate Appraisal Principles, American Institute of Real Estate Appraisers.
Residential Valuation, American Institute of Real Estate Appraisers.
Appraisal Procedures, Appraisal Institute.
Principles of Income Property Appraising, Appraisal Institute.
Case Studies in Real Estate Valuation, Appraisal Institute.
Report Writing and Valuation Analysis, Appraisal Institute.
PROFESSIONAL LICENSES:
General Appraiser #GA-000014-L, Commonwealth of Pennsylvania.
Real Estate Broker #RB-029729-A, Commonwealth of Pennsylvania.
PROFESSIONAL DESIGNATIONS:
GRI: Graduate of the Pennsylvania Realtors Institute, awarded by the Pennsyl-
vania Association of Realtors.
CRS: Certified Residential Specialist, awarded by the Realtors National Market-
ing Institute of the National Association of Realtors.
CCIM: Certified Commercial Investment Member, awarded by the Realtors
National Marketing Institute of the National Association of Realtors.
PROFESSIONAL ORGANIZATION AFFILIATIONS:
National Association of Realtors Appraisal Section.
Greater Harrisburg Association of Realtors.
Pennsylvania Association of Realtors.
National Association of Realtors.
Realtors National Marketing Institute.
17
PAST CLIENTS:
Borough of Carlisle
Keystone Financial Mortgage
Cornerstone Federal Credit Union
Pennsylvania State Bank
Commerce Bank
Cumberland-Perry Association for Retarded Citizens
Carlisle Suburban Authority
Members 15` Federal Credit Union
Pennsylvania National Bank
Evans Financial Corporation
Greenawalt & Company, CPA
Smith's Transfer Corporation
Carlisle Department of Parks and Recreation
Executive Relocation Services
Carlisle Area School District
Messiah Homes, Incorporated
ERA Eastern Regional Services
Pennsylvania Turnpike Commission
Chase Home Mortgage Corporation
Defense Activities Federal Credit Union
Pennsylvania State Employees Credit Union
PNC Mortgage Corporation
F&M Trust Company
National City Mortgage Corporation
Washington Mutual Home Loans, Inc.
Prudential Relocation Services
Lender's Choice
Market Intelligence, Incorporated
United Telephone Employees Federal Credit Union
Cumberland County Commissioners
Allstate Enterprises. Mortgage Corporation
Dickinson College
PPG Industries, Incorporated
Gettysburg College
Redevelopment Authority of Cumberland County
Record Data Appraisal Services, Incorporated
First United Federal Savings Association
Fulton Bank
United States Marshall Service
GMAC Mortgage Corporation
Orrstown Bank
Letterkenny Federal Credit Union
BancPlus Mortgage Corporation
Coldwell Banker Relocation Services, Incorporated
Central Pennsylvania Savings Bank
Mellon Bank
Provident Home Mortgage Corporation
Various law firms and individuals
18
PHOTOGRAPH OF THE SUBJECT PROPERTY
19
' MA4QYfST.; ~, ~
.. '~ 0 '~ 111
a ~ sm ft
9~
f.~
t
y '?~~
,~~, ~J-
~~._ -,
,~ ~ ~- .
~.:
j f
__
..
,~
;.
,~ T3
ant ~~ ~
Subject
. , .h...
~,
,_, .~
~- _ _
_ ~7 -
~~~ ~
`~ o
_ ~ ~~
.#~ ~f
G 5
,/
t l
~`,~` is
a;;
~.
~ ,"
Ci 2009 MapQuest Inc. - _ leklinh n.,
- Mid Datr `~ 2009'NfAYTEQ- or TeieAf~ea
21
form HUD-1 (3186) ref Handbook 4305 2
SeltleTlleTlt StateTllellt U.S. Department of Housing and Urban Development
A.
B. T e of Loan OMB A royal No. 2502-0265 ex Tres 11/30/2009 FINAL
1. ^FHA 2. ^FmHA 3. ^Gonv. Unins. 6. File Number 7. Loan Number 8. Mortgage Insurance Case Number
4. ^VA 5. ^Conv.lns . MT2009.101RCS 0256597824
~ orm rs mis o give yop e s a e en ua e n cos s. a en y e amen agtul x. s n.
C. NOte: Items marked "(p.o,o.)" were pa,d outside Iha Dosing; they are shown here for iMumralion purposes and are not includetl m the tptals. TltleFxpfeSS Settlement .SYStem
WARNING: II is a crime to knowingly make false statements tome Urutatl States On this or any other similar form Penalties upon
convitlion can include a fine and im risonmenl. For details sae: Title 10 U. S. Coda Section 7001 and Section W 10.
D. NAME OF BORROWER: Jennifer L. Bucher and William J. Bucher
ADDRESS 2097 Ritner Highway Carlisle PA 17015
E. NAME OF SELLER' Bucher Irrevocable Grantor Trust
ADDRESS
F. NAME OF LENDER: Members 1st Federal Ciedk Union
ADDRESS 5000 Louise Drive Mechanicsburg PA 17055
G. PROPERTY ADDRESS: 14 E First Street, Boiling Springs, PA 17007
South Middleton Township
H. SETTLEMENT AGENT: Abstract Company of Central PA, Inc., Telephone: 717.243-6222 fax: 717-243-6486
PLACE OF SETTLEMENT 26 West High Street Carlisle PA 17013 -
I CFTTI FAAFAIT f1ATF~ nlt~nnnna
J. SUMMARY OF BORROWER'S TRANSACTION: K. SUMMARY OF SELLER'S TRANSACTION:
100. GROSS AMOUNT DUE FROM BORROWER 400. GROSS AMOUNT DUE TO SELLER
101. Contract sales ice 190 000.00 401. Contract sales rice 190 000.00
102. Personal Pro art 402. Personal Pro art
103. Settlement char es to borrower line 1400 6 662.01 403.
104. 404.
105. 405.
Ad'ustments for items aid b seller in advance Ad'ustments for items aid b seller in advance
107. Count taxes 07130109to12131109 233.64 407. Count taxes 07130/09to12131109 233.64
t 08. School Taxes 07130/09 to 06/30/10 2 059.21 408. School Taxes 07130109 to 06130110 2 059.21
109. 409.
110. 410.
111. 411.
112. 412.
120. GROSS AMOUNT DUE FROM BORROWER 198 954.86 420. GROSS AMOUNT DUE TO SELLER 192 292.65
200. AMOUNTS PAID BY OR ON BEHALF OF BORROWER 500. REDUCTIONS IN AMOUNT DUE TO SELLER
201. De sit or earnest mone 2 000.00 501. Excess De osit see instructions
202. Princi al amount of new loans 152 000.00 502. Settlement char es to seller line 1400 17 428.45
203. Existin loans taken sub'ect to 503. Existin loans taken sub'ect to
204. 504. Pa off of First Mort a e Loan
205. 505.
206. Seller Assist 5 700.00 506. Seller Assist 5 700.00
207. 507.
208. 508.
209. 509.
Ad'ustments for items un aid b seller Ad'ustments for items un aid b seller
213. 513.
214. 514.
215. 515.
216. 516.
217. 517.
X18. 518.
219. 519.
220. TOTAL PAID BY/FOR BORROWER 159 700.00 520. TOTAL REDUCTION AMOUNT DUE SELLER 23128.45
300. CASH AT SETTLEMENT FROM OR TO BORROWER 600. GASH AT SETTLEMENT TO OR FROM SELL ER
301. Gross amount due from borrower line 120 198 954.86 601, Gross amount due to seller line 420 192 292.85
302. Less amounts aid b Ifor borrower line 220 159 700.00 602. Less reduction amount due seller line 520 23128.45
303. CASH FROM BORROWER 39 254.86 603, CASH TO SELLER 169164.40
iUOSTITUTE FORM 1099 SELLER STATEMENT: The intormalion contained herein is important tax intorrnadon and is being furnished to the Internal Revenue Service. M ynu are required to file a velum.
A negligence penalty or Omer sanction will be imposed on you if this item is required to he reppnetl and the IRS determines mat it has not been reported. The Contract Sales Pnce Oesoihe0 on
ine 401 above constitutes me Gross Proceeds of mis transaction.
TELLER INSTRUCTIONS: If mis real estate was your prinDpal residence, fle Form 2119, Sale or Exchange of Principal Residence, for any gain, wim your Income lax slum; for Omer transactions.
nmptele the applicable parts of Form a79I, Forth 6252 and/or Schedule D (Form 1040).
you are requtretl bylaw to provide the settlement agent (Fed. Tax ID No: )with your correct taxpayer idenlifcaaon number. If you tlo not provde your correct taxpayer iden116catipn
lumber, you may be subject to uvit or criminal penalties imposed by law. n er penal es o perrury, 1 certify that the number shown on this sU/ement is my correct taxpayer Identifcalion number,
(IN'. 1 SELLER(S) SIGNATURE(S): _ /
3ELLER(S) NEW MAILING ADDRESS: ,
revwus editions are obso:ete
:J.S. DEPARTMENT OF NOUSYNG AND URBAN DEVELOPMENT
SETTLEMENT STATEMENT _
File Number: MT2009.101
inn TCITAI CAI FS/FROKFR:S COMMISSION based On DfICe $190.000.00 (Q7 5.500 - 1U,4'JU.UU_ I
form HUD-1 (3186} ref HandDOOk 4305.2
FINAL PAGE 2
PAID FROM PAID FROM
BORROWER'S SELLER'S
FUNDS AT FUNDS AT
SETTLEMENT SETTLEMENT
T,/1\11AIIT LI l AA\1 I
801. Loan Ori ination Fee v0.875 %Members 1st Federal Credit Union LR 1 330.00
802. Loan Discount °i
803 Appraisal Fee
804. Credit Re ort
805. Remainder of A lication Fee to Members 1st Federal Credit Union P.O.C. 350.00 Bu er LR 25.00
806. Underwritin Fee to Members 1st Federal Credit Union LR 150.00
807. Document Pre Fee to Members 1st Federal Credit Union LR 295.00
808.
809.
810.
811.
ann lTC\eC DCnI IIDCn oV I CAIf1CD T!1 QC DAIr1 IAI AA\lA LI!`C I
901. Interest From 07130(2009 to 0610112009 (a.$ 22.ti944 !da 2 Da s 45.39
902. Mortgage Insurance Premium far to
903. Hazard Insurance Premium for to USAA 730.90
904.
905.
Bother Irtevoca~ble GpraMOr Trust
y U is 00 5, NS e /
WARM G: IT IS A CRIME TO KNOWINGLY MAKE FALSE STATEMENTS TO THE The HUD-1 Settlement Statement which I nave prepared is a true and acwrate account of this transaction.
UNITED STATES ON THIS OR ANY SIMILAR FORM. PENALTIES UPON CONVICTION I have caused or will cause the lands to De isbursed in accordance with this statement.
CAN 4NCLUDE A FINE AND IMPRISONMENT. FOR DETAILS SEE TITLE 18:
U.S. CODE SECTION 1001 A'1D SECTION 5010. _
ey~. ~ i11:~~ ~~'~ c -
HUD CERTIFICATION OF BUYER AND SELLER
I nave wrefulf -reviewed the HUD-1 Settlement Statement and to the best of my knowledge antl belief, it is a Vue and accurate sutemenl or aU receipts and disbursements rnatle on my account a by me
In Ihls Iran on. I lunher cenify 1 I nave received a co y of the HUD-t Settlement Statement /~
enm er u er rJ'7_// i tam u er ]-j ~T~
.vious etlitions are obsolete
=J.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
SETTLEMENT STATEMENT
torte HUO-1 (3(86) ret Handbook 4305.2
File Number: MT2009.101 FINAL PAGE 3
TitleExoress Settlement Svstem
ITEMIZATION OF HUD LINE 1308
1500. SCHEDULE OF DISBURSEMENTS BUYER SELLER
1501.
1502. Home Warranty to AHS 495.00
1503. 2009 Co 8 Tw Tax to Bob Cairns Tax Collector 550.20
1504. Final Water & Sewer to SMTMA 134.60
1505.
1506.
1507.
1508:
1509.
1510.
1511.
1512.
1513.
1514.
1515.
1516.
1517.
1518.
1519.
1520. TOTAL HUD LINE 1308 EXPENSE: 1 179.80
>r.l .l )~ ~w An Estate Planning, Elder Law and Special Needs Planning Law Firm
2000 Linglestown Road, Suite 202 www.HazenElderLaw.com
Harrisburg, PA 17110 Marielle F. Hazen, CELA"
Tei.: (71'~ 540-4332 Marci S. Miller, Associate
Fax: (717) 540-4313
September 18, 2009
n
C ~
~.~
.~
CERTIFIED MAIL ~~ ~ n
Register of Wills ~_~--_~; , ~~
Cumberland County Courthouse `='~~
-- -~
-.
~
One Courthouse Square _
~-,L--~.'~_; _
_
_ .
~
Carlisle, PA 17013 (:J~
~ ~ --
` -
- .
_
.. ,
D ~ i
Re: Estate of William Thomas Bucher, Sr. i-'
File No.: 21-08-0970
Inheritance Tax Return
To: The Register of Wills:
Enclosed for filing please find the original and one copy of the above-referenced
Inheritance Tax Return and Inventory, along with a copy of the first page of the
Inheritance Tax Return. Please date stamp the first page of the return and a copy of the
Inventory and return them to my office in the enclosed self-addressed envelope.
Also enclosed. are two checks, one check for the tax in the amount of $177.44 and
a check in the amount of $30.00 for payment of the filing fees associated with the return
and the Inventory.
If you have any questions or require any additional information, please do not
hesitate to contact me.
Sincerely,
~~ /~~'~ ~~ orb
Corinne Eggers Woodhouse
Paralegal
Enclosures
cc: Julia Books, Exec.
'Certified Elder L.aw Attorney by the National Elder Lain Foundation as authorized by the Pennsyluaaia Supreme Court
rti..
..:
,~ .
_ t
p
O
O
O
~`
<r ~
~~;~l ~''
~,~ s3
o
c ~
~,
r-
o ~ °°
~ J ~ cn
-~~
~ T ~ ~~
e`r'a
~
.-
~ r- n
cil
~ a
~ .~ ~~ r
'
cd p
p ~ -d
~
"'~ ~ ~
O rd
~ :A
~ btu r i, "y., p ~
~ ~ ~ v
r' ~ ~
~~~~ Y ~ ~
~3
A~ ~
•~
}. rc
1
b
Q) ~ t,/
;
vr~
~ ~ ~ +
`
~,
a
.~°