HomeMy WebLinkAbout04-0515COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
DEPT. 280601
HARRISBURG, PA 17128-0601
RECEIVED FROM:
PENNSYLVANIA
INHERITANCE AND ESTATE TAX
OFFICIAL RECEIPT
NO.
REV-1162 EX(11-96)
CD 003997
DINNER SCOTT M
3117 CHESTNUT STREET
CAMP HILL, PA 17011
........ fold
ESTATE INFORMATION: SSN: 204-30-6491
FILE NUMBER: 2104-051 5
DECEDENT NAME: STROCK ROBERT L
DATE OF PAYMENT: 06/02/2004
POSTMARK DATE: 00/00/0000
COUNTY: CUMBERLAND
DATE OF DEATH: 07/10/2003
ACN
ASSESSMENT
CONTROL
NUMBER
AMOUNT
101 $26,000.00
REMARKS:
TOTAL AMOUNT PAID:
$26,000.00
SEAL
CHECK# 1002
INITIALS: JA
RECEIVED BY:
GLENDA FARNER STRASBAUGH
REGISTER OF WILLS
REGISTER OF WILLS
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REV-1500 EX~ (6-00)
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COMMONWEALTH OF
PENNSYLVANIA
DEPARTMENT OF REVENUE
DEPT. 280601
HARRISBURG, PA 17128-0601
REV-1500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
DECEDENT'S NAME (LAST. FIRST, AND MIDDLE INITIAL)
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ROBERT L STROCK
DATE OF DEATH (MM-DD-Year)
DATE OF BIRTH (MM-DD-Year)
07/10/2003 12/24/1918
(IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL)
BEATRICE C STROCK
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!Xl 1. Original Return
o 4. Limited Estate
!Xl 6. Decedent Died Testate (Attach copy of Will)
o 9. Litigation Proceeds Received
o 2. Supplemental Return
o 4a. Future Interest Compromise (date of death after 12-12-82)
!Xl 7. Decedent Maintained a Living Trust (Attach copy ofTrus!)
o 10. Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95)
OFFICIAL USE ONLY
FILE NUMBER
2 1 -0 4 0 5 1 5
COuNTYCOOE -VEAR- - - NUMBER- -
SOCIAL SECURIT'Y NUMBER
2 04- 3 0 - 6 4 9 1
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
SOCIAL SECURIT'Y NUMBER
1 97- 4 0 - 8 044
o 3. Remainder Return (date of death prior to 12-13-82)
o 5. Federal Estate Tax Return Required
~ 8. Total Number of Safe Deposit Boxes
o 11. Election to tax under Sec. 9113(A) (Attach Sch 0)
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THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
NAME COMPLETE MAILING ADDRESS
STEVEN W FAHNESTOCK CPA 1513 CEDAR CLIFF DRIVE
FIRM NAME (If Applicable)
STEVEN W FAHNESTOCK & ASSOCIATES CAMP HILL PA 17011
TELEPHONE NUMBER
717-737 -5466
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1. Real Estate (Schedule A)
2. Stocks and Bonds (Schedule B)
3. Closely Held Corporation, Partnership or Sole-Proprietorship
4. Mortgages & Notes Receivable (Schedule D)
5. Cash, Bank Deposits & Miscellaneous Personal Property
(Schedule E)
6. Jointly Owned Property (Schedule F)
o Separate Billing Requested
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G or L)
8. Total Gross Assets (total Lines 1-7)
9. Funeral Expenses & Administrative Costs (Schedule H)
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I)
11. Total Deductions (total Lines 9 & 10)
12. Net Value of Estate (Line 8 minus Line 11)
13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been
made (Schedule J)
(11)
(12)
(13)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
14. Net Value Subject to Tax (Line 12 minus Line 13)
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
(14)
15. Amount of Line 14 taxable at the spousal tax
rate, or transfers under Sec. 9116 (a)(1.2)
0_00 X ~ (15)
529,298.64 X .045 (16)
0.00 X .12 (17)
0.00 X .15 (18)
(19)
16. Amount of Line 14 taxable at lineal rate
17. Amount of Line 14 taxable at sibling rate
18. Amount of Line 14 taxable at collateral rate
19. Tax Due
20. [R)
CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
> > BE SURE TO ANSWER ALL QUESTIONS ON REVERSE SIDE AND RECHECK MATH <.~
($
0.00
OFFI<j:1N- USE ONLY:;
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924,179.04 L_
924,179.04
32,214.00
32,214.00
891 ,965.04
362,666.40
529,298.64
Deceden\!s Com lete Address:
STREET ADDRESS
710 WilLIAMS GROVE RD
CITY
MECHANICSBURG
STATE
PA
ZIP
17055
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
8. Prior Payments
C. Discount
(1)
23,818.44
26.000.00
3. InteresUPenalty if applicable
D. Interest
E. Penalty
Total Credits (A + 8 + C)
(2)
26,000.00
TotallnteresUPenalty ( 0 + E) (3)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
Check box on Page 1 Line 20 to request a refund (4)
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX. DUE. (5)
A. Enter the interest on the tax due. (5A)
8. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (58)
Make Check Payable to: REGISTER OF WILLS, AGENT
0.00
2,181.56
0.00
0.00
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X"IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred; ........................................................................... IZl D
b. retain the right to designate who shall use the property transferred or its income; ........................................ IZl D
c. retain a reversionary interest; or ...................................................................................................... D IZl
d. receive the promise for life of either payments, benefits or care? ............................................................. IZl D
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration?.. ............. .......... ........... ...... ............... ............. ................ ........ D 00
3. Did decedent own an 'in trust for" or payable upon death bank account or security at his or her death? ................. IZl D
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? ........ ................... ...................................... ...................................... 00 D
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
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.
SIGN~URE~ RESPONSIBLE~URN \ \. DATE
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ADDRESS 710 WilLIAMS GROVE ROAD "'
MECHANICSBURG PA 17055
SIGNATURE OF PREP OTHER TH ENTATIVE DATE
oS-
PA 17011
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3%
[72 P.S. ~9116 (a) (1.1) (i)].
For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. ~9116 (a) (1.1) (ii)].
The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if
the surviving spouse is the only beneficiary.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent,
or a stepparent of the child is 0% [72 P.S. ~9116(a)(1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. ~9116(1.2) [72 P.S. ~9116(a)(1 )].
The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. ~9116(a)(1.3)]. A sibling is defined, under Section 9102, as an
individual who has at least one parent in common with the decedent, whether by blood or adoption.
REV-1510 EX + (6-98)
'.
II
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE G
INTER.VIVOS TRANSFERS &
MISC. NON.PROBA TE PROPERTY
ESTATE OF
ROBERT L STROCK
FILE NUMBER
DESCRIPTION OF PROPERTY
ITEM INCLUDE THE NAME OF THE TRANSFEREE. THEIR RELATIONSHIP TO DECEDENT AND DATE OF DEATH % OF DECO'S EXCLUSION TAXABLE
NUMBER THE DATE OF TRANSFER. ATTACH A COpy OF THE DEED FOR REAL ESTATE VALUE OF ASSET INTEREST (IF APPliCABLE) VALUE
1. 776 EPPLEY ROAD 475,000.00 50. 237,500.00
MECHANICSBURG PA
2. 710 WILLIAMS GROVE ROAD 123,000.00 50. 61,500.00
MECHANICSBURG PA
3. PNC CD ACCOUNT NUMBER 31900219180 56,527.76 50. 28,263.88
4. PNC CHECKING ACCT NUMBER 5070086041 12,465.85 50. 6,232.93
5. PNC SAVINGS ACCT NUMBER 5030120874 58,339.18 50. 29,169.59
6. ALLlANZ ANNUITY POLICY NUMBER 2373234 59,407.23 100. 59,407.23
7. 4,351.693 SH VAN KAMPEN 76,198.14 100. 76,198.14
ACCOUNT NUMBER 00323735
8. 4,802.424 SH DELAWARE TAX-FREE PA FUND A 39,610.04 100. 39,610.04
ACCOUNT NUMBER 00203597201
9. 346.744 SH AIM GLOBAL GROWTH FD 4,771.20 100. 4,771.20
ACCOUNT NUMBER 7003462848
10. 2,397.016 SH FRANKLIN UTILITIES FD 20,854.04 100. 20,854.04
ACCOUNT NUMBER 10770183651162
11. 2,414.552 SH MFS FUNDS 34,045.18 100. 34,045.18
ACCOUNT NUMBER 12-8186392139
12. 282.344 SH MFS FUNDS 3,506.71 100. 3,506.71
ACCOUNT NUMBER 24-*60178304
13. 1,854.771 SH MFS FUNDS 23,184.64 100. 23,184.64
ACCOUNT NUMBER 227-8186206125
14. 1,187.520873 SH PNC BANK STOCK 54,792.21 100. 54,792.21
15. 1,627.790 SH GARTMORE FUNDS 27,423.20 100. 27,423.20
ACCOUNT NUMBER 1330027357
16. AIG ANNUITY CONTRACT NUMBER U9701577 33,282.75 100. 33,282.75
TOTAL (Also enter on line 7 Recapitulation) $ 924179.04
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
(If more space is needed, insert additional sheets of the same size)
.
Continuation of REV-1500 Inheritance Tax Return Resident Decedent
ROBERT L STROCK
Decedent's Name
Page 1
21 04 0515
File Number
Schedule G - Inter-Vivos Transfers & Misc. Non-Probate Property
DESCRIPTION OF PROPERTY
ITEM INCLUDE THE NAME OF THE TRANSFEREE, THEIR RElATIONSHIP TO DECEDENT AND DATE OF DEATH % OF DECD'S EXCLUSION TAXABLE
NUMBER THE DATE OF TRANSFER ATTACH A COPY OF THE DEED FOR REAl ESTATE VALUE OF ASSET INTEREST VALUE
(IF APPLICABLE)
17. PNC BANK CD 118,113.98 100. 118,113.98
ACCOUNT NUMBER 31700218622
18. M& T CD 66,323.32 100. 66,323.32
ACCOUNT NUMBER 31003914624539
SUBTOTAL SCHEDULE G 184,437.30
GRAND TOTAL SCHEDULE G $ 924,179.04
APPRAISAL REPORT
776 EPPLEY ROAD
MECRANICSBURG, PENNSYLVANIA
PREPARED FOR
THE ESTATE OF ROBERT L. STROCK
BY
LARR Y E. FOOTE
DIVERSIFIED APPRAISAL SERVICES
35 EAST HIGH STREET, SUITE 101
CARLISLE, PENNSYL V AN1A
17013-3052
(717) 249-2758
SUMMARy OF IMPORTANT FACTS AND CONCLUSIONS
LOCATION: 776 Eppley Road
Mechanicsburg, Pennsylvania
TAX PARCEL NUMBER: 22-10-0644-002
IMPROVEMENTS: Two-story detached single-family dwelling, barn, silo
and small storage building.
PROPERTY RlGIDS: Fee simple interest.
OWNERSHIP HISTORY: The subject property is owned by The Robert and
Beatrice C. Strock Living Trust. The property was
transferred on August 19, 1996 for no consideration and
ownership transferred on Deed Book 144, Page 494.
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: July 10,2003.
HIGHEST AND BEST USE: Continued use as a farm.
COST APPROACH: N.A.
SALES APPROACH: $475,000
INCOME APPROACH: N.A.
FINAL VALUE CONCLUSION: $475,000
2
APPRAISAL CERTIFICATION
I hereby certifY that upon application for valuation by:
THE ESTATE OF ROBERT 1. STROCK
the undersigned personally inspected the following described property:
All that certain piece or parcel of land, with the improvements thereon erected, situate
in Monroe Township, Cumberland County, Pennsylvania, bounded and described as follows:
Beginning at a stone, formerly a hickory stump; thence along land now or formerly of
Charles W. Ritter, South 10 degrees West 76 perches to a point, formerly a post; thence along
land now or formerly ofK.F. Arndt, South 96 perches to a point, formerly a block oak; thence
along land now or formerly of George Eppley, South 39 degrees West 71 perches to a point;
thence along school house lot North 44 degrees West 10 perches to a stone; thence along same
South 39 degrees West 4 perches to a stone; thence along lands now or formerly of Robert
Eppley, North 44 degrees West 50 perches to a stone; thence along lands now or formerly of
Blaine Leib, North 204 perches to a post by a hickory; thence along land now or formerly of
Dr. Weber, South 80 degrees East 103.6 perches to the place of beginning. Containing 121
acres and 104.3 perches.
To the best of my knowledge and belief the statements contained in this report are 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 July 10,
2003 is:
FOUR HUNDRED SEVENTY-FIVE THOUSAND DOLLARS
$475,000
The property was appraised as a whole, subject to the contingent and limiting conditions
outlined herein.
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Certified General Appraiser
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3
PURPOSE OF THE APPRAISAL
The purpose of this appraisal is to estimate the Market Value of the subject property as
of July 10, 2003.
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 the present use of the subject is its Highest and Best Use.
4
SITE DATA
ADDRESS:
776 Eppley Road
TOWNSHIP:
Monroe
COUNTY:
Cumberland
STATE:
Pennsylvania
LOT SIZE:
121.65 acres
SEWERS:
On-site septic system.
WATER:
On-site well.
ELECTRICITY:
GPU
LANDSCAPING:
Typical for the area, with a sodded lawn, trees and shrubs.
DETRIMENTAL INFLUENCES
None. Pride of ownership is evident throughout the neighborhood.
DESCRIPTION OF IMPROVEMENTS
GENERAL DESCRIPTION: Two-story detached single-family dwelling containing
approximately square feet of gross living area above grade.
CONDITION:
Exterior: Average
Interior: Average to good.
ROOMS:
First Floor: Living room, kitchen, dining room, den, laundry room
and a full bathroom.
Second Floor: Five bedrooms.
Basement: Partial, with dirt floor.
EXTERIOR:
Foundation:
Walls:
Sash:
Gutters:
Roof:
Stone
Wood
Wood
Aluminum, painted.
Corrogated steel.
5
INTERIOR, PRINCIPAL ROOMS: Flooring:
Walls:
Ceilings:
Trim:
KlTCHEN:
Cabinets:
Counters:
Walls:
Flooring:
Sink:
BA THROOM:
Yellow pine and carpet.
Plaster
Plaster
Wood, painted.
Wood, stained and varnished.
Formica
Plaster, painted.
Vinyl
Single-bowl, stainless steel.
Flooring: Vinyl
Walls: Drywall, painted and papered.
Bathtub: Built-in, with shower.
Lavatory: Vanity
Water closet Two-piece.
Medicine cabinet Wall-mounted.
CONSTRUCTION: Joists:
Beams:
Columns:
Plumbing:
HEATING:
Wood
Wood
Steel
Copper and iron.
Hot water, oil-fired.
HOT WAlER:
Electric, 80-gallon.
ELECTRIC:
Circuit breaker system, lOa-ampere.
OTHER: Attached to the front of the dwelling is a covered porch and balcony.
Attached to the rear of the dwelling is a covered porch. Also located on the site is a small
wooden storage building, stone barn and concrete silo.
GENERAL CONDITION: All improvements are considered to be in generally average
condition on the interior and on the exterior, with mechanical systems appearing to be adequate
and functioning properly. The kitchen and bathroom have been recently remodeled and are in
good condition. Two of the bedrooms are in the process of being remodeled and are considered
to be in fair condition.
6
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
a new facility. Due to the age of the subject improvements, the cost approach is considered to
be inappropriate and has, therefore, not been included in the development of this appraisal
report.
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 market, based on a
common unit, such as price per square foot of building area.
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 similar type and class. Since farms similar to the subject are not typically utilized
as income-producing investment properties, the income approach to value is considered to be
inappropriate and has, therefore, not been included in the development of this appraisal report.
7
SALES COI\1P ARISON 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.1:
Location:
Date of Sale:
Sale Price:
Size:
Unit Price:
SALE NO.2:
Location:
Date of Sale:
Sale Price:
Size:
Unit Price:
SALE NO.3:
Location:
Date of Sale:
Sale Price:
Size:
Unit Price:
1137 S. Spring Garden Street, Carlisle.
March 23,2001.
$400,000
2,000 square foot dwelling with farm buildings on 103.50 acres.
$3,865 per acre.
234 Bonnybrook Road, Carlisle.
November 18,2002.
$325,000
1,352 square foot dwelling with storage buildings on 87.96 acres.
$3,695 per acre.
297 Richland Road, Carlisle.
December 12, 2002.
$550,000
1,952 square foot dwelling with farm buildings on 130.36 acres.
$4,219 per acre.
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 $475,000.
8
SALES COMPARISON ANALYSIS
ITEM
Address
Proximity to Subject
Sale Prioe
Price I Acre
Da ta Source
ADJUSTMENTS
Sales or Finanoing
Concessions
Date of Sale I Time
Looation
Site I View
Design and Appeal
Construotion
Age
Conclition
Above Grade
Room Count
SUBJECT
776 Eppley Road
Mechaniosburg
COlvfPARABLE #1
1137 S. Spring Garden Street
CaIlisle
COlvfP ARABLE #2
234 Bonnybrook Road
Carlisle
COlvfPARABLE #3
297 Riohland Roud
Carlisle
Inspection
DESCRIPTION
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As of7-]O-03
Average
121.65 aores
Two-story detaohed
Wood
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Gross Living Area 2,120 square feet
Basement &Finished
Rooms Below Grade Partial basement
Courthouse records
DESCRlPTION $ Adjust.
None
3-23-0 I +24,000
Similar
103,50 aores +54,500
Similar
Briok -5,000
Courthouse records
DESCRIPTION
$ Adjust.
Courthouse and Central Penn MLS
DESCRIPTION
$ Adjust.
None
J 1-18-02
Similar
87.96aores
Similar
Brick
83 years
Similar
Tot.
+101,100
-5,000
Bath
None
Bath
IV,
+3,000
+3,600
Similar
Similar
Oil-fired hot air
One-car ara e
Poroh, enclosed
rch.
-3,000
6
1,352.square feet
+6,000
+23,000
12-12-02
Similar
130.36 acres
Similar
As bestos shingles
73 years
Similar
-26,100
FuIl basement
-2,000
Tot.
+3,000
+5,000
Similar
Oil-fired hot air
One-car ara e
Porch, enclosed
rob.
-3,000
Bath
7 IV,
1,952 square feet
Full basement
-2,000
Similar
Oil-fIred hot air
None
Large wraparound
rch.
Net Ad'. (total
Inclicated Value
of Sub 'ect
Similar
None
Barn, 3 silos, 5 stor.
buildings,
-10,000
+67,100
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Similar
None
Three storage
buildings.
+20,000
+140,100
$467,100
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$465,100
FINAL INDICATED VALUE OF SUBJECT PROPERTY: $475,000
9
+500
Similar
None
3 bams, Ig stor. bldg,
stor. bldg, com crib
-60,000
+75,100
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$474,900
CORRELA nON
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
Value Indicated by Sales Comparison Approach
Value Indicated by Income Approach
N.A.
$475,000
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 Cost Approach will result in an excellent estimate if all elements are figured
accurately, because no prudent person will pay more for a property than the cost to produce a
substitute property with equal desirability and utility. Purchasers of the type of dwelling
typical of the subject property are more concerned with amenities than with hypothetical
replacement of the property. Due to the age of the subject improvements, the Cost Approach is
considered to be inappropriate and has not been included in this appraisal report.
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.
The Income Approach is most applicable to income producing properties or properties
that are primarily utilized for income producing purposes. Purchasers of income producing
properties are willing to pay no more for a particular property than the net operating income
will support. Since the majority of properties similar to the subject are not utilized for income
producing purposes, this approach to value has not been included in this appraisal report.
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 July 10,2003, is:
FOUR HUNDRED SEVENTY-FIVE THOUSAND DOLLARS
$475,000
10
UNDERLYING ASSUMPTIONS AND LIMITING
CONDITIONS SUBJECT TO TillS 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 marketable. 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 are taken from records
believed to be reliable.
4. I assume that there are no hidden or unapparent 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 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.
11
CERTIFICA TE OF APPRAISAL
Your appraiser hereby certifies that:
1. The statements of fact contained in this report are true and correct.
2. The reported analyses, opinions, and conclusions are limited only by the reported
assumptions and limiting conditions, and are my personal, 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 ofa 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 Uniforyn Standards of
Professional Appraisal Practice adopted by the Appraisal Standards Board 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.
12
PRIVACY NOTICE
Pursuant to the Gramm-Leach-Billey Act of 1999, 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 regard 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 regard 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 are 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.
14
LARRY E. FOOTE
REAL EST ATE 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, GRt I, GRt II, GRt III.
Certificate, Realtors National Marketing Institute, CI 101, CI 102, CI 103, CI 104,
CI105.
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 DESIGNA nONS:
GRt: 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 ReaItors.
CCIM: Certified Commercial Investment Member, awarded by the Realtors
National Marketing Institute of the National Association of Realtors.
PROFESSIONAL ORGANIZA nON AFFILlA nONS:
National Association of Realtors Appraisal Section.
Carlisle Association of Realtors.
Pennsylvania Association of Realtors.
National Association of Realtors.
Realtors National Marketing Institute.
15
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 Ill! 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
Drovers Bank
16
American Home Bank
Trans Union
M&T Mortgage Corporation
Cody Financial Mortgage Services
Waypoint Bank
Northwest Savings Bank
Blue Ball National Bank
Adams County National Bank
Countrywide Home Loans
Aarrow Mortgage
Various law fIrms and individuals
PHOTOGRAPHS OF THE SUBJECT IMPROVEMENTS
17
PHOTOGRAPHS OF THE SUBJECT IMPROVEMENTS
18
APPRAISAL REPORT
710 WILLIAMS GROVE ROAD
MECHANICSBURG, PENNSYLVANIA
PREPARED FOR
THE ESTATE OF ROBERT L. STROCK
BY
LARRY E. FOOTE
DIVERSIFIED APPRAISAL SERVICES
35 EAST HIGH STREET, SUITE 101
CARLISLE, PENNSYLVANIA
17013-3052
(717) 249-2758
SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS
LOCATION: 710 Williams Grove Road
Mechanicsburg, Pennsylvania
TAX PARCEL NUMBER: 42-10-0644-016A
IMPROVEMENTS: Two-story detached single-family dwelling.
PROPERTY RIGHTS: Fee simple interest.
OWNERSHIP HISTORY: The subject property is owned by The Robert and
Beatrice C. Strock Living Trust. The property was
transferred on August 19, 1996 for no consideration and
ownership transferred on Deed Book 144, Page 491.
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
subj ect.
OBJECTIVE: To estimate the market value of the subject property as
unencumbered.
EFFECTIVE DATE: July 10,2003.
HIGHEST AND BEST USE: Continued use as a single-family residence.
COST APPROACH: N.A.
SALES APPROACH: $123,000
INCOME APPROACH: N.A.
FINAL VALUE CONCLUSION $123,000
2
APPRAISAL CERTIFICATION
I hereby certify that upon application for valuation by:
THE ESTATE OF ROBERT L. STROCK
the undersigned personally inspected the following described property:
All that certain piece or parcel of land, with the improvements thereon erected, situate
in Upper Allen Township, Cumberland County, Pennsylvania, bounded and described as
follows:
Beginning at a spike in the center of a common driveway; thence South 68 degrees 44
minutes West 100.8 feet to a point which is a comer of a concrete well top; thence North 22
degrees 28 minutes West 32.5 feet to a stake; thence Smith 67 degrees 46 minutes West 45.2
feet to a stake; thence North 21 degrees 34 minutes West 133.5 feet to a stake; thence North 67
degrees 36 minutes East 199.4 feet to a stake; thence South 20 degrees 50 minutes East 168.8
feet to a spike; the place of beginning. Containing. 70 acre, more or less.
To the best of my knowledge and belief the statements contained in this report are 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 July 10,
2003 is:
ONE HUNDRED TWENTY-THREE THOUSAND DOLLARS
$123,000
The property was appraised as a whole, subject to the contingent and limiting conditions
outlined herein.
, ;/ ..;1\
"ll'lt
"
'.
,J ll\
, ',{;' \-\1
/ ,.',".)
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Larry E. Foote
Certified General Appraiser
GA-OOOO 14-L
, 1
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3
PURPOSE OF THE APPRAISAL
The purpose of this appraisal is to estimate the Market Value of the subject property as
of July 10,2003.
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.
IDGHEST 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 the present use of the subject is its Highest and Best Use.
4
SITE DATA
ADDRESS:
710 Will iams Grove Road
TOWNSHIP:
Upper Allen
COUNTY:
Cumberland
STATE:
Pennsylvania
LOT SIZE:
.70 acre
SEWERS:
On-site septic system.
WATER:
On-site well.
ELECTRICITY:
PP&L
LANDSCAPING:
Typical for the area, with a sodded lawn, trees and shrubs.
DET~NTAL mFLUENCES
None. Pride of ownership is evident throughout the neighborhood.
DESCRIPTION OF IMPROVEMENTS
GENERAL DESCRIPTION: One and one-half story detached single-family dwelling
containing approximately square feet of gross living area above grade.
CONDITION:
Exterior: Average
Interior: Average
ROOMS:
First Floor: Living room, kitchen, dining room, bedroom and a full
bathroom.
Second Floor: Two bedrooms and a full bathroom.
Basement: Full, with concrete floor.
EXTERIOR:
Foundation:
Walls:
Sash:
Gutters:
Roof:
Poured concrete.
Brick
Wood-framed, double-hung.
Copper.
Asphalt shingles.
5
INTERIOR, PRINCIPAL ROOMS: Flooring:
Walls:
Ceilings:
Trim:
KITCHEN:
Cabinets:
Counters:
Walls:
Flooring:
Sink:
BA THROOMS:
Hardwood
Plaster
Plaster
Wood, painted or stained and varnished.
W ooci, painted.
Formica
Plaster, painted.
Vinyl
Double-bowl, stainless steel.
Flooring: Vinyl in both bathrooms.
Walls: Ceramic tile and painted plaster, or painted plaster.
Bathtub: Built-in, with shower or shower stall.
Lavatory: Wall-mounted or vanity.
Water closet: Two-piece.
Medicine cabinet: Built-in.
CONSTRUCTION: Joists:
Beams:
Columns:
Plumbing:
HEATING:
Wood
Wood
Steel
Copper, iron and plastic.
Hot water, oil-fired.
HOT WATER:
From the furnace.
ELECTRIC:
Circuit breaker system, 1 DO-ampere.
OTHER: There is a stone fireplace in the living room. Attached to the one end of
the dwelling is a covered porch and attached to the rear of the dwelling is an enclosed porch.
Also located on the site is a brick two-car detached garage.
GENERAL CONDITION: All improvements are considered to be in average condition on the
interior and on the exterior, with mechanical systems appearing to be adequate and functioning
properly.
6
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
a new facility. Due to the age of the subject improvements, the cost approach is considered to
be inappropriate and has, therefore, not been included in the development of this appraisal
report.
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 market, based on a
common unit, such as price per square foot of building area.
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 similar type and class. Since homes similar to the subject are not typically
utilized as income-producing investment properties, the income approach to value is considered
to be inappropriate and has, therefore, not been included in the development of this appraisal
report.
7
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 reswne of
some of the sales considered by the appraiser is as follows:
SALE NO. 1:
Location:
Date of Sale:
Sale Price:
Size:
Unit Price:
SALE NO.2:
Location:
Date of Sale:
Sale Price:
Size:
Unit Price:
SALE NO.3:
Location:
Date of Sale:
Sale Price:
Size:
Unit Price:
I 127 York Road, Mechanicsburg.
October 16, 2001.
$97,000
1,248 square feet.
$77.72 per square foot.
932 Park Place, Mechanicsburg.
January 9, 2002.
$95,900
1,248 square feet.
$76.84 per square foot.
18 Pocono Drive, Mechanicsburg.
March 26, 2002.
$114,000
1,200 square feet.
$95.00 per square foot.
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 $123,000.
8
SALES COMPARISON ANALYSIS
ITEM
SUBJECT
710 WillilU!1S Grove
Road, Mechanicsburg
COMPARABLE #3
18 Pocono Drive
Mechanicsburg
Address
Proximity to Subject
Sale Price
Price / Sq. Ft. GLA
Data Source
COMPARABLE #1
1127 York Road
Mechanicsburg
COMPARABLE #2
932 Park Place
Mechanicsburg
ADJUSTMENTS
Sales or Financing
Concessions
Date of Sale / Time
Location
Site / View
Design and Appeal
Construction
Age
Condition
Above Grade
Room Count
Gross Living Area
Basement &Finished
Rooms Below Grade
/, - ~ .~: : :'r ~':. :',
DESCRIPTION $ MjllSt. DESCRIPTION
None None
10-16-01 +5,800 1-9-02
Similar Similar
.24 acre +3,000 .21 acre
Similar Similar
Stone and aluminum +3,000 Aluminum siding
48 years 77 years
Similar Similar
Tot. Bath Tot. Bed. Bath
6 IV, +1,000 7 3
1,248 square feet +5,800 1,248
Similar Similar
-3,000
$ Adjust.
DESCRIPTION
$ Adjust.
None
As of7-IO-03
+3,400
+2,900
3-26-02
Similar
.28 acre
Average
.70 acre \irregular)
I v,-story detached
Brick
55 years
Average
Tot. Bed. Bath
+3,000
+3,000
Similar
Brick and aluminum
+5,000
+3,000
39 years
Similar
Tot. Bath
6 IV,
+5,800 1,200
6 2
2
+1,000
+7,300
1,442 square feet
Full basement, 75%
finish.ed.
Full basement
Similar
Oil hot wtr. w/c. air
l-car c rt
-3,000
+4,000
+6,000
+6,000
+500
Porch, atio.
+1,000
Similar
None
Similar
None
Similar
Woodbuniln stove
+1,000
Net Ad'. (total)
Indicated Value
ofSub'ect
+1,000
Built-ins.
Similar
Similar
Similar
r.~~~),~~~ij~t;~~~; _- ".:. ~ : : . .-:: 7 ~/ ~.~:~~ti:~:~r:~
::~.~~ff~~~:!:~:.c'~ ::: ': .,,:~:~
J ~ ;~.~ r-=--_,. ..: .....<_..... -:..' J
~;r::- ,".' \-.~' ~ J ~. :: ::,: :,::
-.'-'-f ~ ,~-~,~ -:_"-;
"-:'~~".'_~-, ,'..'. ~ ' , ~.~~
+26,100
+23,700
+]6,700
123,100
119,600
130,700
FINAL INDICATED VALUE OF SUBJECT PROPERTY: $123,000
9
CORRELA TION
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
Value Indicated by Sales Comparison Approach
Value Indicated by Income Approach
N.A.
$123,000
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 Cost Approach will result in an excellent estimate if all elements are figured
accurately, because no prudent person will pay more for a property than the cost to produce a
substitute property with equal desirability and utility. Purchasers of the type of dwelling
typical of the subject property are more concerned with amenities than with hypothetical
replacement of the property. Due to the age of the subject improvements, the Cost Approach is
considered to be inappropriate and has not been included in this appraisal report.
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.
The Income Approach is most applicable to income producing properties or properties
that are primarily utilized for income producing purposes. Purchasers of income producing
properties are willing to pay no more for a particular property than the net operating income
will support. Since the majority of properties similar to the subject are not utilized for income
producing purposes, this approach to value has not been included in this appraisal report.
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 July 10,2003, is:
ONE HUNDRED TWENTY-THREE THOUSAND DOLLARS
$123,000
10
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 marketable. 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 are taken from records
. believed to be reliable.
4. I assume that there are no hidden or unapparent 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 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.
11
CERTIFICA TE OF APPRAISAL
Your appraiser hereby certifies that:
1. The statements of fact contained in this report are true and correct.
2. The reported analyses, opinions, and conclusions are limited only by the reported
assumptions and limiting conditions, and are my personal, 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 tenus 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 Board 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.
12
10. No one other than the undersigned prepared the analyses, conclusions, and
opinions concerning real estate that are set forth in this appraisal report.
tK~
Larry E. Foote
Certified General Appraiser
GA-000014-L
13
PRIVACY NOTICE
Pursuant to the Gramm-Leach-Billey Act of 1999, 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 regard 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 regard 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 are 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.
14
LARRY E. FOOTE
REAL ESTATE APPRAISER
EXPERIENCE:
1 979-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 Real tor, 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, GRt I, GRt II, GRt III.
Certificate, Realtors National Marketing Institute, CI 101, Cl 102, CI 103, Cl 104,
CI105.
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-OOOO 14-L, Commonwealth of Pennsylvania.
Real Estate Broker #RB-029729-A, Commonwealth of Pennsylvania.
PROFESSIONAL DESIGNATIONS:
GRt: 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.
Carlisle Association of Realtors.
Pennsylvania Association of Realtors.
National Association of Realtors.
Realtors National Marketing Institute.
15
PAST CLIENTS:
Borough of Carlisle
Keystone Financial Mortgage
Cornerstone Federal Credit Union
Pennsylvania State Bank
Commerce Bank
Cumberland-Peny Association for Retarded Citizens
Carlisle Suburban Authority
Members lot 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
Drovers Bank
16
American Home Bank
Trans Union
M&T Mortgage Corporation
Cody Financial Mortgage Services
Waypoint Bank
Northwest Savings Bank
Blue Ball National Bank
Adams County National Bank
Countrywide Home Loans
Aarrow Mortgage
Various law fums and individuals
PHOTOGRAPHS OF THE SUBJECT IMPROVEMENTS
17
l'iU'v'-f:.JY-CI-0"0Y C....). -.J__)
r-j'il........bHI~h
o PNCBA1\K
November 5, 2004
Steven W. Fahnestock, CPA
1513 Cedar Cliff Drive
Camp Hill, P A 17011
RE: Estate of Robert L. Strock, deceased
SSN: 204-30-6491
DOD: 7/10/2003
Dear Mr. Falmestock:
41c:' (bo .54::'0
r.~1
In response to your request for Date of Death balances for the customer noted above, our
records show the following:
Certificates of Deposit
Account #31000217248
ROBERT L & BEATRICE C
STROCK LIVING TRUST
DOD balance: $62,445.74 + $1,938.56 accrued interest
Account #31900219180
ROBERT L & BEATRICE C
STROCK LNING TRUST
DOD balance: $56,509.87 + $17.89 accrued interest
Account #31700218622
ROBERT & BEATRICE
STROCK LIVING TRUST
DOD balance: $114,639.77 + $3,474.21 accrued interest
Checking Account
AccQunt#5070086041
ROBERT & BEATRlCE STROCK
LIVlNG TRUST
DOD balance: $12,463.55 + $2.30 accrued interest
Page lof2
Established 09/07/2001
L \?{'~'-\
1:>-c.c..~~u- ~.........~ ,-- ~
Established 09/07/2001
::s 0\ ""~
Established 09/14/2001
~o~l:'.Ir S<..~r..~ ?~~~
Established 01/01/1960
.--,-..
~o\r-.~
NUU-~4-~~~4 ~~;~~
I-'NU::HNf\
41 c: (bi:j -.:J4:>tl
,.~c:
Savings Account
Account #5030120874 Established 04/04/1995
ROBERT & BEATRICE STROCK
LIVING TROST :3 0 ,""-\-
DOD balance: $58,338.06 -t $1.l2 accmed interest
Please note that this office only provides date of death balances for deposit accounts
(lRAs, CDs, Checking and Savings accounts). We do not process any financial
transactions or provide statements. If you need assistance with any of these items,
please call1-888-PNC-BANK. (1-888-762-2265) or stop by your local PNC Bank branch
office.
Sincerely,
~CLO_IU1~ LLtk lj.':2-
Rachelle Wells
1-800-762-1775
P7-PFSC-04-F
500 first Ave.
P irtsburgh P A 15219
Page 2 of2
Member FDIC
TOTAL P.02
Allianz Life Insurance Company of North ,America
PO Box 59060
Minneapolis, MN 55459-0060
800/950-1962
Y t; \j (' (~fl-
Allianz (ill)
~
--_.-
~-
September 26, 2003
The Robert & Beatrice Strock Living Trust
c/o Beatrice Strock
710 Williams Grove Rd
Mechanicsburg, P A 17055
Re: Robert L Strock, deceased
Policy Number 2373234
Dear Trustee:
We are sorry to hear of your recent loss. Please accept our sincere sympathies.
Listed below are the options available to the trust as the named beneficiary:
1) Select an Annuity Option Settlement. Annuitize the contract receiving the higher
Annuitization Value of $71,658.58. Please refer to the contract regarding settlement options
and minimum payout periods.
2) Select the Guaranteed Benefit Account. Receive the lump sum Cash Value of $59,900.87
in an interest bearing account. See the enclosed question and answer sheet regarding this
program.
Please be advised the cash value and annuitization value on this policy as of July 10,2003 was
$59,407.23 and $71,068.02, respectively.
In accordance with IRS regulations, the policy must either be annuitized within one year from the
date of death or cashed out within five years from the date of death. Based on state regulations,
the policy proceeds must be claimed within two to five years from the date of death or the
proceeds may be paid to the appropriate state.
The enclosed Annuity Claim Form needs to be completed by the trustee and returned to our home
office along with one certified death certificate (must have raised state seal), and if available, a
dated obituary. We will also require the entire copy of the Trust Agreement including any
Amendments. Refer to the Special Instructions Section for specific requirements necessary to
process your claim.
Please give this matter your Prompt Attention and submit your claim form as soon as possible.
Thank you, and again please accept our condolences.
Sincerely,
V \:L'(\
w'L-~
Villi Carik
Claims Examiner
VAN KAMPEN
INVESTMENTS
2800 Post Oak Boulevard tel [713] 438-4000
Houston, TX www.vankampen.com
77056
November ~i, 2003
BEA TRlCE C STROCK
710 WILLIAMS GROVE RD
MECHANICSBURG PA 17055-8001
Reference: 00323735
Rc' 58 i .r~-ln::::;!()
Dear Ms. Strock:
Tham. you for your inquiry regarding your above referenced Van Kampen account. In
your letter, you requested the date of death value for the account. In addition, you
requested instructions for redeeming the account due to the death of Robert L. Strock.
Please accept our sincere condolences for your loss. We would aiso likt: to apologize for
the deby in !)~lr response.
We are pleased to provide YOll with the requested information. The following is a
summary of the share balance and net asset value (NA V) infonnation as of the date
requested.
ACCOUNT #
DATE
SHARES
NAV
RESULTING
VALUE
$76,198.14
58.' 840280
07-10-03
4,351.693
$17.51
In order to liquidate the account, we will require the following documentatJOn:
· Signature guaranteed letter of instruction signed by the successor trustees
· Certified copy of the trust agreement, specifically the excerpt listing the trustees,
dated within 120 days of the request.
o Certified copy of the death certificate for Robert L. Strock
If you are unfamiliar with what a signature guarantee is, it is simply the witness of a
signature and can be performed by a registered broker dealer, commercial bank or trust
company, a savings and loan association, a credit union, a member firm of a national
securities exchange, a securities clearing agency, or a federal savings bank. It cannot be
performed by a notary public.
Van Kampen Inve'itor Services Inc.
Delaware
Investll1ents'"
A member of Lincoln Financial Group.
October 6, 2003
Beatrice C. Strock
710 Williams Grove Road
Mechanicsburg, PA ] 7055-800 ]
2005 Market Street
Philadelphia. PA 19103-7094
Re: Delaware Tax-Free Pennsylvania Fund A #07-5077566231
Robert L. Strock and Beatrice C. Strock TRST Robert & Beatrice Strock Living Trust DTD 6- ] 4-96
00203597201
Dear Ms. Strock:
I am truly sorry to learn of the death of Robert Strock. Please accept and extend our condolences to the family on behalf of
Delaware Investments. I received your request for the date-of-death balance of the account listed above. I will be glad to
provide you with this information.
The Delaware Tax-Free Pennsylvania Fund A is a mutual fund with a daily fluctuating price per share. On July 10,2003, this
account reflected a balance of 4,802.424 shares.. The net asset value of the Fund on that day was $8.23. Thus, the principal
value of this account on the date of death was $39,523.95. Dividends that were not posted to this account as of July 10,2003
amounted to $86.09. Therefore, the total value of this account on that day was $39,610.04.
In order to liquidate this account, we ask that we be provided with an original death certificate ofMr. Strock. We are unable to
accept a photocopy of this document. Please include the death certificate with a letter from you as the surviving trustee,
authorizing us to liquidate this account. To ensure that your request is processed without delay, please return the requested
information with this letter to us in the postage paid envelope provided.
If you have any questions, please feel free to contact our Service Center directly at 1-800-523-1918. I hope that yo'u will
continue to look to Delaware Investments to serve your investinent needs and that we may have the pleasure of serving you in
the future.
Sincerely,
~~<MfG
Cecel ia Driscoll
Client Service Representative
Delaware Investments is the marketing name for Delaware Management Holdings. Inc. and its subsidiaries.
W,",'W. delaw3 rei nves tmen ts. com
~.
~
INVESTMENTS
PO Box 4739
Houston. TX 77210-4739
11 Greenway Plaza. Suite 100
Houston, TX 77046-1173
7136261919
'MIIW. a i minvestmen ts. com
C'f'..
\fYV
..
A I M Fund Services, Inc.
September 25, 2003
BEATRJCE C STROCK
714 WILLIAMS GROVE ROAD
MECHANICSBURG PA 17055-8001
Correspondence ID: 00134410
Dear Ms. Strock:
Thank you for choosing AIM InveslmentsSM. We recently received the enclosed request for information regarding your
trust account number 7003462848.
Our funds are priced daily and the value of the account is subject to change. .
Account number 7003462848 had the following balance as of July 10, 2003:
.:....::::.FJf.rf.p::;.':t.,::;:':~.:~~.~.: ."::: <.....:~ha.ie>I!~~1fe.::
. .' '. ~
. " '."; ~ -:..:
Net Asser Valrie}TJceJPer':- ."Mdfkei'Nalue~:
. Sb' . ".... . . :'\"': ......~:;:~' . I~.".
. are. ,., . . -,.~ '..' .' '.
$13.76 $4,771.20
AIM Global Growth Fund - Class A (I 582)
346.744
In order to redeem account number 7003462848, please submit a medallion guaranteed Ictter of instruction stating
that Robert L. Strock is deceased and that you would like to redeem the account Please provide us with detailed
redemption instructions in your request.
If a medallion guarantee is unatiainable, please have your signature guaranteelL The requirements for an acceptabie
medallion guarantee and signature guarantee are explained in detail on the enclosed page. A notary public is not an
acceptable guarantor, and we will be unable to accept a stamp indicating "endorsement guarantee."
Adctitionally, the signature guaranteed letter of instruction must be accompanied by a certificate of incumbency naming
you as the successor trustee. The certification must be made by a brokerage finn, commercial bank, or tmst company
and must be dated within 120 days of receipt at AIM. It must be signed by an authorized officer of the certifying
institution and the officer's signature must be signature guaranteed. Here is an example of a certificate of incumbency:
We do hereby certify that Beatrice Strock is the duly appointed and presently qualified tnlstee of the
Robert & Beatrice Strock Living Tmst dated June 14, 1996. The assets of the trust may be transferred
or redeemed upon the endorsement of Beatrice Strock alone.
Certified by:
I
Franklin Templelon Inves~or
Services, LLC
100 Fountain Parkwa\'
S1. Petersburg, FL 33716.1205
tel 800/6322350
franklintemplewncom
FRANKlIN TEMPLETON
INVESTMENTS
September 26, 2003
Beatrice C. Strock
714 William Grove Rd.
Mechanicsburg, P A ] 7055-800]
SUBJECT:
Franklin Utilities Fund - Class A
AlC #107-70]8365] ]62
Robert L Strock And Beatrice C Strock TRST
Robert & Beatrice Strock LIV TR DTD 06-] 4-96
Dear Ms. Strock:
Thank you for your recent correspondence. Please accept our condolences on your recent loss. To transfer shares
from the referenced account to a new account that reflects the successor trustees and liquidate the shares, we require
the following documents:
The enclosed Shareholder Request Form, signed by tbe successor trustees, indicating the new registration,
requesting a liquidation of shares, and specifying where to send the proceeds. If the new account registration
consists of you as the only successor trustee, we do not require that your signature be guaranteed. However, if
the new registration consists of parties other than or in addition to you as the only successor trustee, please have
your signature guaranteed by an "eligible guarantor institution" as specified on the form,
A photocopy of the title, signature, and successor trustee pages of the Robert & Beatrice Strock Living Trust
document.
A certified copy of the death certificate. We are unable to accept a photocopy.
The enclosed Account Application, completed and signed by the successor trustees. Please have them indicate
the new registration and Taxpayer Identification Number in Section 1. We also ask that Section 6 be signed to
certify the Taxpayer Identification Number and to prevent potential back.'1lp witWlOlding in accordance with
Internal Revenue Service regulations. Enclosed is a postage paid envelope for your convenience.
Additionally, the referenced account held 2,397.0]6 shares on July 10,2003. The net asset value of the Franklin
Utilities Fund - Class A at the close of market on this date was $8.70 per share, for a total dollar value of
S20,854.04.
We welcome any questions that you may have regarding this matter. You may contact a Shareholder Services
Associate, Monday through Friday, 5:30 a.m. to 5:00 p.m. Pacific Time, toll free at ] -800/632-2350, ext. 35900,
and refer to identification number: 20026-25SEP03.
Sincerely,
franklin Templeton In'{estor Services, LLC
, , L-r'
r",/ ~
.f" Y{\A ,1 x'l .,~" :- "\
\_- \~j r\"..~.fl'" __--~.~\_) .f...,,- \,
Sonia Steier1 . ~-
Senior Associate
,;'_~-r
@
INVESTMENT MANAGEMENT
MFS SERVICE CENTER, INC. (MFSC)
po. Box 228 I
BOSTON, 111.'1. 02107-9906
1-800-225-2606
wv....iv.mfs.com
BEATRICE STROCK
710 WILLIAMS GROVE RD
MECHANICSBURG PA 17055-8001
September 30,2003
Reference: 01277359
Account Number 12-8186392139
Account Number 24-60178304
Account Number 224-8186206125
Robert & Beatrice Strock TTEES
The Robert & Beatrice Strock
Living Trust DTD 6/14/96
Dear Mrs. Strock:
Thank you for requesting written verification of the value of the referenced Massachusetts Investors
Trust Fund-A, the MFS Global Total Retum Fund-A and the MFS Global Total Return Fund-B
accounts as of July 10, 2003. We would like to offer our condolences for your recent loss.
The following information represents the value of each account as of July 10,2003:
Fund/Account
Total Shares
Net Asset Value
Dollar Amount
12-8186392139
24-60178304
224-8186206125
2,414.552
282.344
1,854.771
$14.10
$12.42
$12.50
$34,045.18
$ 3,506.71
$23,184.64
To process a redemption, we ask that you retum the following items:
· The enclosed Certificate of Incumbency indicating the acting trustee for the Robert & Beatrice
Strock Living Trust V/A DTD 6/14/96 and certifying that the securities may be transferred or
redeemed upon endorsement by one or all of the acting trustees.
Please note that the written certification must be made by an eligible guarantor institution as
defined under the Securities Exchange Act to include generally: a bank, broker, dealer, credit
union, national securities exchange, registered securities association, clearing agency or savings
association.
PNC BANK STOCK
SHARES HELD ON OCT 24, 2003
LESS JULY DIV REINVEST
LESS OCT DIV REINVEST
1210.999291
11.691314
11.787104
SHARES HELD ON JULY 10, 2003 (DaD)
1187.520873
SHARE PRICE ON JULY 10, 2003
46.14
VALUE ON DaD
$
54,792.21
. .
0PNC
The PNC Financial Services Group
Computershare Trust Co., Inc.
2 North LaSalle Street
Chicago Illinois 60602
Within the US, Canada & Puerto Rico: SOD 9S2 7652
Outside the US, Canada & Puerto Rico: 312 360 ~1235
Facsimile: 312601 4335
--==
ROBERT L STROCK
& BEATRICE C STROCK TR UA 6/14/96 THE ROBERT
& SEA TRICE STROCK LIVING TRUST
710 WILLIAMS GROVE ROAD
MECHANICSBURG PA 17055-8001
PNC
For a change of address please call the above number.
Holder Account Number
C 0000718581
FID
1,"/11".111""1,1"1,1,1"1,11,"11",,,,11,"1/11,.,.,1,11
SSNfTlN Certified
Yes
Uncertified accounts are subject to withholding taxes
on dividend payments and sales proceeds.
" .-------..-------.---~-,._--- -.--- -.._-. .__._._____n.______.___+______
The PNC Financial Services Group, Inc. . Dividend Reinvestment Plan Statement
Dear Shareholder,
Your Holder Account Number appears above and should be used whenever you communicate with Computershare.
If you have questions regarding your account, contact Computershare shareholder services at 1-800-982-7652 or by mail at Computershare
Ivestor Services, Post Office Box 3504, Chicago, IL 60690-3504.
Dividend Information
Record Date: 10 Oct 2003
Holder Account Number:C 0000718581
Payment Class Description I Shares/Units Participating I Dividend I Gross I Deduction I Deduction I Net
Date in Dividend Reinvesment Rate ($) Dividend ($) Amount ($) Type Dividend ($)
24 Oct 2003 Common 1,199.212187 0.500000 599.61 599.61
Transaction History From: 01 Jan 2003 To: 24 Oct 2003
Date Transaction Description I Transaction I Deduction I Deduction I Net I Price Per I Total
Amount ($) Amount ($) Type Amount ($) I Share/Unit ($) Shares/Units
24 Jan 2003 Dividend Reinvestment 557.89 55789 44.505000 12535445
24 Apr 2003 Dividend Reinvestment 563.91 563.91 44.345000 12716428
24 Jul 2003 Dividend Reinvestment 570.01 570.01 48 755000 11.691314
24 Oct 2003 Dividend Reinvestment 599.61 599.61 50870000 11.787104
Summary of Holdings
Date: 24 Oct 2003
001 CS024.RPS.DLPNC.9532_29/0 I 453 110] 5058
Certificated Shares/Units Direct Registration/' Dividend Reinvestment i
I Total Shares/Units
':Id By You Book Shares/Units, Shares/Units i
Closing Price Per I
Share/Unit ($) !
Value ($)
879 000000
0.000000
331999291
1,210999291
50790000
61,50665
Optional Cash Purchase
Holder Name: ROBERT L STROCK
If ",..... ...:...L..~.... __1._ __ __.1.:___1 ~__L. _..__t....___ _.I. .1.1...:_ L:__ _1____ _._L_.._
HnJrlj:lr Arrr\llnt NllmhQr
gartm~~e
:"." h
PO Box 18:2205
Columbus, OH 43218-2205
Tel 800 848 0920
.-t,_,-:r;~<
09/25/2003
BEA TRICE STRUCK
710 WILLIAJ\1S GROVE RD
MECHANICSBURG PA 17055-8001
RE: Robert and Beatrice Struck Living Trust
Reference Number: D9PO 1101
Dear Beatrice Struck:
We received your recent request to redeem all shares of the above referenced Gartmore Funds account. We are
writing to confinn the following information:
Date of Death Value
Account
Opened
08/15/1996
Fund #
022
Account #
1330027357
Share Balance
1,627.790
Net Asset Value as of
July 10,2003
16.850
Dollar va::l
$27,423.~
In order to re-register the account to the beneficiaries we will require the following:
o A certified copy of the Death Certificate. The stamp or raised seal of certification must be embossed on the
copy we receive. A photocopy ofthe certification stamp cannot be accepted.
o A letter of instruction signed by the Successor Trustee.
o A copy of the Trust Document.
o A complered W-9 form for the Trust signed by the Trustee, if liquidating.
Upon receipt of the above requested items, in good order, we will promptly process your request. For
identification purposes please return all documents with a copy ofthis letter.
Should you require additional assistance, please feel free to call our Customer Service Team toll-free at ] -800-
848-0920. We appreciate the opportunity to assist you any way we can. You may also obtain current information
on the Gartmore Funds from our internet homepage at www.gartmorefunds.com.
h
Karin Magowin
Shareholder Services
oc
Enc!.: W-9 Form
".-/"
~
AlG Annuity Insurnnce Company
PO, Box 871
AmnriIlo, Texas 79105-0871
8004244990
October 6, 2003
Beatrice Strock
714 Williams Grove Rd
Mechanicsburg, P A 17055
Re:
Deceased:
Contract #:
Robert Strock
U9701577
Dear Mrs, Strock:
Thank you for your recent inquiry regarding the referenced annuity contract(s). It is our pleasure
to be of service to you.
The value of the contract as of July 10,2003 was $33,282.75.
We hope this information is helpful; however, should you have additional questions or require
further assistance, please feel free to contact our Client Care Center by using our toll free number
of 1-800-424-4990.
Sincerely,
~~
Katrina Crance
Claims Department
AIG Anl/uity hl.'iur'lIIce COli/puny
lv/emher of AlllerlcaJ/ JnlenUlliol1o/ C>OlfP, /1/(.:
~ M&rBank
ACCOUNT.NO.
ACCOUNT TYPE
31003914624539
REGULAR TIME DEPOSIT
00 0 06117M NM 017
4521
ROBERT L STROCK
OR BEATRICE C STROCK CO-TRUSTEES FOR
ROBERT & BEATRICE C STROCK LIVING TRUS
710 WILLIAMS GROVE RD
MECHANICSBURG PA 17055-8001
MATURITY DATE 01-06-04
INTEREST PAID YEAR TO DATE
1,030.70
STATEMENT PERIOD
JUL.07-DEC.31,2003
~ o~~~ ~~~('Q,~
CURRENT INTEREST RATE
MECHANICSBURG
POSTING
DATE
ACTIVITY
DJ:POSITS,INTERJ:STW/DRAWALS& OTHER
&OTHJ:R ADDITIONS SlIaTRACTIONS
07-07-03 BEGINNING BALANCE
10-06-03 INTEREST PAYMENT GENERATED
ENDING BALANCE
LfJ(j8A Il/G?}
232.36
PAGE
1 OF 1
1. 390%
$66,323.32
66,555.68
$66,555.68
RE\(-1511 EX* (12-99)
.
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
ESTATE OF
ROBERT L STROCK
FILE NUMBER
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
1. ROLLING GREEN CEMETERY 870.00
2 ROLLING GREEN CEMETERY - MARKER 4,100.00
3 MYERS FUNERAL HOME 8,027.50
4 FUNERAL LUNCHEON 566.50
5 PASTOR FEE 50.00
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personal Representative (s)
Social Security Number(s)/EIN Number of Personal Representative(s)
Street Address
City State Zip
Year(s) Commission Paid:
2. AttomeyFees SCOTT M DINNER ESQUIRE 6,000.00
3. Family Exemption: (If decedent's address is not the same as claimanrs, attach explanation)
Claimant BEATRICE C STROCK
Street Address 710 WILLIAMS GROVE ROAD
City MECHANICSBURG State P A Zip 17011
Relationship of Claimant to Decedent SPOUSE
4. Probate Fees
5. Accountanrs Fees STEVEN W FAHNESTOCK CPA 12,000.00
6. Tax Retum Preparer's Fees
7. REAL ESTATE APPRAISAL FEES 600.00
TOTAL (Also enter on line 9, Recapitulation) $ 32214.00
(If more space is needed, insert additional sheets of the same size)
'''.'''' '" .'*
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
SCHEDULE J
BENEFICIARIES
FILE NUMBER
ROBERT L STROCK
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE
I. TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under
Sec. 9116 (a) (1.2)]
1. DONALD L STROCK Lineal 176,432.88
714 WILLIAMS GROVE ROAD
MECHANICSBURG PA
3. SHIRLEY ALBRIGHT Lineal 176,432.88
185 TUMBLE IDELLE RD
FRENCHTOWN NJ 08825
4. R DENNIS STROCK Lineal 176,432.88
1000 MIDDLE ROAD
BELLEVILLE PA 17004
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
1. ALL ASSETS SHOWN ON SCHEDULE GAS 50% OWNERSHIP 362,666.40
B. CHARiTABLE AND GOVERNMENTAL DISTRIBUTIONS
1.
TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ 362666.40
(If more space is needed, insert additional sheets of the same size)
"PaUIL OlJe-!L'1 Lost qJi~~ .AM.d Testowt.e-M.t
of
Robert L. Strock
I, Robert L. Strock, a resident of Mechanicsburg, Pennsylvania, being of sound and disposing
mind and memory and over the age of eighteen years, do hereby declare this to be my Last Will and
Testament and I expressly revoke ail Wills, including codicils, heretofore made by me.
ARTICLE I
1.1 I hereby declare that at the time of making this Last Will and Testament that I am married
to Beatrice C. Strock.
1.2 I declare that I have the below listed children at this time: Donald L. Strock, Shirley S.
Albright, R. Dennis Strock
ARTICLE II
2.1 I declare the entire residue of my estate be distributed to the Trustee(s) then in office WIder
that trust designated as "The Robert and Beatrice Strock Living Trust" established J \,j ~
1 . 1../19~, of which I am a grantor. I direct that the residue of my estate shall be added to,
administered, and distributed as part of that trust, according to the terms of the trust and any amendment
made to it before my death. To the extent permitted by law, it is not my intent to create a separate trust
by this will or to subject the trust or the property added to it by this will to the jurisdiction of the probate
court.
2.2 I hereby direct that my Executor or my Trustee(s) may elect to: (1) use administrative
expenses as deductions either for estate tax purposes or income tax purposes; and (2) to use either date
of death values or optional values for estate tax purposes, regardless of the effect thereof on any of the
interests under this Will.
2.3 I further direct that my Executor or Trustee(s) shall not be required to pay any debt in
advance of the due date thereof, including installment obligations, but instead may pay the same in
installments as each installment comes due. However if the Trustee(s) deems it to the advantage of the
estate any or all debts may be paid in advance of their required installments.
2.4 I stipulate that any asset under litigation, lien, or claim that might cause the assets of the
aforementioned Trust to be compromised in any fashion, be held separate from the said Trust until it is
free of any claim or threat to the integrity of the Trust.
ARTICLE III
3.1 If the disposition in Article II, above, is inoperative or is invalid for any reason, or if the trust
referred to in Article II above, fails or is revoked, I incorporate herein by reference, the terms of that trust,
as if executed on this date, without giving effect to any amendments made subsequently, and I bequeath
Signed
12~~ L
;;~A-LI
Page 1
and devise the residue of my estate to the Trustee(s) named III the trust as Trustee(s), to be held,
administered, and distributed as provided in that instrument.
ARTICLE IV
4.1 I do hereby nominate the following individual(s) as the Executor(s) of this Will, to serve in
the order listed: Beatrice C. Strock, Donald L. Strock.
4.2 The Executor shall have full power and authority to carry out the provisions of the Will,
including the power to manage and operate during the probate of my estate any property and any business
belonging to my estate. However, the Executor should not compromise the referenced trust in any fashion
by premature transfer of assets that may carry any claim or litigation into the Trust.
4.3 The Executor or Trustee(s) shall serve without bond. However, in the event that one (1) or
more bonds are required for one (1) or more such individuals, in their capacities as Executors hereunder,
then I request that such bonds be nominal bonds, and, my Executor shall pay any such bond premiums,
as bonds premiums are due, as administration expenses of my estate, until the administration of my estate
is completed.
Signed P~/7L ;;( ~c-eL
Page 2
IN WITNESS WHEREOF, I have hereunto subscribed my name to this document, my last
Will and Testament, which consists of three (3) typewritten pages, and for the purpose of identification,
I have initialed or signed each page, all in the presence of the persons who are witnessing, at my request,
the execution of this, my last Will and Testament on this } l.f day of :Tv Y\ e "
I 9 9 b , at (VI. e c.. '^''''"''''- (~ b -.r- "G P "" ,
, ,
/i::~ 7 .~
Robert L. Strock
Certificate of Acknowledgement of Notary Public
State of Pennsylvania )
:ss.
County of Cumberland )
On this / L( day of J\JY\.Q.. , AD. 19 '1'6 , appeared before me Robert 1. Strock
personally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose
name is subscribed in this instrument, and acknowledged that he/she executed it.
~
Notary Public
My Commission Expires
Residing in
NOTARY SEAL:
Notarial Seal
enn W. Hebert. Notary Public
North Newton Twp., Cumberland County
My Commission Expires May 8, 2000
Signed
;9~ ;( ~~
Page 3
r
!JAe :Rober! alld :JJealrice r:5lrock bi()Jilj Jrusl
ARTICLE I
IIt.O K.S ~ eJl i H. IR.US t
ror good and valuable consideration. the Trustors, Robert L. Strock and
Beall-ice C. S""ock, husband and wife, of Mechanicsburg, Pennsylvania, County of
Cumberland, hereby transfer, convey, and deliver to the Trustees and their successors
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the property listed in Schedule "A" or supplemental schedules annexed thereto and
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incorporated herein by reference, to have and to hold the same, and any cash,
securi,ties, or other property which the Trustees may, pursuant to any of the provisions
hereof, at any time hereafter hold or acquire, all of such property being hereinafter
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referrcJ to collectively as the "Trust Estate" for the uses and purposes and upon the
terms and conditions herein set forth.
ARTICLE 1/
-DiSpoSltiOH. 15e.lJoILe. tRe. De.otR Ou- Olte. otr tRe. ~USto1LS
Before the death of one of the Trustors, the Trustees shall hold, manage,
invest, and re-invest the Trust Estate, and shall collect the income thereof and shall
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dispose of the net income and principal as follows:
A. The Trustees shall pay to the Trustors all of the net income of this
Trust, ill monthly or other convenient installments, but at least annually. ':The Trustees
may, in their discretion, payor apply for the benefit of the Trustors, in addition to the
income payments herein provided for, such amounts of the principal of the Trust
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Est~te, up to the whole thereof, as the Trustees may from time to time deem necessary
or advisable for the use and benefit of the Trustors.
SlnJliah tli5... a rf. jpa!r I
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ARTICLE 1/1
1~iSpositimt ./llrteJl tRe. De.atR air tRe. 5Ulst air tRe. UwstollS
A. After the death of the first Trustor, the trust estate shaJI be divided into
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two (2) parts, one part to be denominated as the Marital Trust and the second to be
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denominated as the Family TI'ust. There shaH be allocated to the F:amily Trust, the
deceased Trustor's joint properly interest in and to property of the tr,ust estate. Other
provisions not withstanding, immediately upon the death of the first trustor, separate
properiy of the deceased trustor shall be distributed to the benefibiaries named in
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parag}QfJ/1 B oj Article I V according to the direction of Paragraph BlQnd C of Article
IV PROVIDED, HOWEVER, in the event assets allocated to the Family Trust
shall exceed in value the amount of the Federal Unified Estate and:Gift Tax Credit
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Exemption Equivalent available under Section 2010 of the Internal Revenue Code, as
amend~d, nnd the Regulations thereunder or any corresponding or subs1titute provisions
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applicable to the Trust Estate, suf/icient assets shall be reallocated from the Family
Trust to the Mal'ital Tnlst to reduce the value of assets allocated to the Family
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TJ'ust to nn amount equal in value to said Federal Estate and Gift Tax Credit
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Exemption Equivalent All other assets shall be allocated to the Marital Trust. It
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is the Trustors' intention to have the Marital Trust qualify for the mJu-itaI deduction
under J.Re. Section 2056 and the Regulations thereunder or any corresponding or
substitllt'e provisions applicable to the Trust Estate. In no event shall tHe Trustees take
any acti~n or have any power that will impair the marital deduction, an~ all provisions
regardjn~ the Ma,'ital Tmst shall be interpreted to conform to this primary objective.
:8. As to the assets allo~ated to the Marital Trust, the swjviving Trustor
hereby r~serves and is hereby granted a general power of appointment. Trustees shall
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make such dislributions from assets and income of the Marital Trust as the surviving
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Trustor shall direct. In all events, all income of the Marital Trust shaH be distributed
to the surviving Trustor, not less frequently than annually. Upon the death of the
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survivor Of Ihe Trustors, the Trustees shall distribute the then-remainin~ principal and
undisbllrs'ed income of the Mal'ital Tmst, if any. to such person or persons, including
the estate! of the survivor, as the survivor shall appoint. Such appoint'ment shall beo
,
9nih"ah ~ I~aye 2
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made by the survivor amending th,s Marital Trust, or by the surviv,or referring to Hnd
by affirmatively exercising this power of appointment in his or her Last Will and
Testarllenl.
I. Any principal and income of this Trust not effectively appointed by the
survivor shall be added at the death of the survivor to the Family Trust and
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shall be held and administered as a part thereof; provided, 'however, that the
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Trustees may, in their discretion, first pay from the Marital Trust alone, the
last illness and funeral expenses and any death taxes of the survivor of the
Trustors.
2. If the survivor of the Trustors disclaims part or aI/lor the fractional
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interest in the Mar'ital Trust as referred to in this Article the disclaimed
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property shall be administered immediately according to' the terms and
conditions, and to the same beneficiaries, as set forth in Article IV, of this
Trust Agreement.
C. As to the assets allocated to the Family Trust, the Trustees shall
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identify the assets allocated to the Family Trust and shall maintain the identity of
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said as~ets, including any proceeds or replacements, during the life lof the surviving
Trusto;. allowing thai the Trustees may, at their discretion, make F~r Market Value
exchanges of equivalent amOllnts of assets between the Maritall Trust and the
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dece:Jseu Trllstor's joint property interests in property of the Family Trust. From the
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assets i~entified as the Family Trust, and the income therefrom, the Trustees of the
Family Tmst shall distribute to said survivor, first, all of the net inc~me, and second,
as much of the principal of the Family Trust as necessary or appropriate for the
health, education, and maintenance of said survivor, and to provide Edr the support of
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said survivor in his or her accustomed manner of living, including reasonably adequate
health, h,edical, dental, hospital, nursing and invalidism expenses.
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I. It is the Trustors' intention that the surviving Trustor .shall have only
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a limited power of appointment in regards to the principal of the Family
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Trust as defined under IR.C. Section 2041(b)(I)(A) and tbe Regulations
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thereunder or any corresponding or substitute provisions a~plicab[e to the
Trust Estate. III no event shall the Trustees take any acti~)fi or bave any
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gmh'ah 8~ S : K ;t..J.7''':9'' J
power that will impair the limited power of appointment, and all provisions
regarding the Family Trust shall be interpreted to conform to this primary
obj ecli ve.
D. Upon (he death of the survIvor of the Trustors, the Trustees shall
dispose of Ihe then-remaining principal and income of the Family Trust as directed
,
in Article IV
ARTICLE IV
DiSpasitio~t OH. DeotR air tRe SUllliitJafl. o~ tRe. htustO!l.S
A. Upon the death of the survivor of the Trustors, the:property of the
Family Tnlst, including any portion of the Marital Trust added thereto, and
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including also any other portiOlls added thereto from the estate of the Trustors or other
sources, along with the undistributed income shall be held in trust and shall be
admilli~fered and disposed of as follows:
B. Donald L. Str'ock, (son shall receive a 1/3 share), Shiriey S.
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Albl'ight, (daughter shall receive a 1/3 share), R. Dennis Strock, (s?n s'hall receive
a 1/3 sharc).
Because of the interest of our son, Donald L Strock, in continuing
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the family fm'ming tl'adition and in furtherance of his career in agriculture, we
give anU gr'ant to the said Donald L. Strock the right, privilege, a~d opportunity
to aC((lrire and purchase from our estate the following Two (2) are~s of real estate
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011 the terms set forth below:
CumbeJ'larrd
I. House and lot of ground situated in Upper Ai'en Township,
County, Pennsylvania, for the price or consider~tion of Fifty
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Thollsarlll ($50,000.00) Dollar"s"
I 2. Far'm containing 121 acres, more or less, situa1ted in Monroe
Township, Cumber"land County, Pennsylvania; for the price or cOnsideration to
be deter~mined by thc unanimous agreement of our then living chil,dren, but if no
such ;]grecment is r"c;]ched within Forty-five (45) days following the death of the
sur"viving tr'lls'or, then said Pl"ice or corisideration shall be determined by taking
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the average of two bona fide anll independent appniisals made bi. full members
of the Allluican 'lIs/illlte of Real Estate Appraisers ("MAl") sllected by the
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successor' tr"ustees (excluding our son, Donald L. Strock, if he, serves as co-
g",/iah 13U! lPd::dy~ 4
success~r tJ'ustce) and paid for by the trust as an admiriistrative ,expense.
J. Ir Donald L. Strock is not interested in either/or both
propCI'ties, tl,en the next ,'ight shall be given to R. Dennis Strock, if R. Dennis
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Strock is not interested, then right shall be given to Shirley S. Albright.
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Individual beneficiaries will receive their portion of the trust estate as
follows: 'at Ihe age of Twenty-five (25) ,
:e. And as thusly divided, each said share or part shall, be held as a
separate trust for the benefit of the person or persons for whom it wJ set aside and
shall be held, administered, and distributed as follows:
J. The Trustees may use and expend or apply so much or all of, first, the
income, and second, the principal of the trusts hereby created for the benefit
of a beneficiary hereof, and said amounts shall be used as the Trustees
determine necessary or advisable and in such reasonable manner as the
,
Trustees see fit, to provide for the health, reasonable comfort, education,
support, and maintellance of the beneficiary for whom such trust shall have
been created, Provided, however, that in determining said amounts the
Trustees shall first take into account the needs, assets, and o:ther available
sources of income and support of a beneficiary thereof. Provided, further,
'!owever, the said powers of encroachments upon the beneficiar;"s share shall
be limited to the respective shares held for the respective beneficiary,
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2. As and when a beneficiary shall meet the requirements designated in
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paragraph 0, above, the Trustees shall distribute to s~d' respective
~eneficiary the share of the Trust estate for him or her, freei and clear of
trust.
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J. If any of the individual beneficiaries shall be deceas'ed, then the
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Trustees shall divide the shares or part for the deceased beneficiary into as
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many equal shares as may be necessary to provide one part or 'share for the
tnen living descendants of the deceased beneficiary, they taking per stirpes;
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or, in the event a beneficiary is for any reason unable or un~lIing to take
ahy portion of his share of the Trust Estate pursuant to the above paragraphs
oj /his Ar/ic/e IV, then slIch portion shall be distributed to his or her living
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descendants equally, they taking per stirpes, and if there Ibe no such
descendants, then such funds shall be equally divided between such
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beneficiary's then-living brothers and sisters, and if there be no brother or
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sister then Jiving, thell such funds shall be divided equally between the
gruhah f3 Cs ~.7'a.1" J
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descendants of such beneficiary's brothers and sisters, they taking per stirpes,
and if there be no descendants of such beneficiary's brothers or sisters then
living, then the Truslees shall add that portion of the ~prope[ty of that
beneficiary 10 the other portions of the other living beneficiaries, and if there
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are no other Jiving beneficiaries then: One-half to the living heirs at law of
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the first of the Trustors to die, and one-half to the living heirs at law of the
last of the Trustors to die; provided, further, that said heiis at law of each
, of the Trustors shalf take the Trust property, in the same priority and in the
same distributive order as listed in the Pennsylvania law of intestate
succession, as in force on the date of the signing of this T~ust 'Agreement;
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provided, further, if aile of the Trustors has no living heirslat law, then his
or her one-half shall pass to the living heirs at law of the other Trustor. And
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as thusly divided, each said share or part shall be held as a s~parate trust for
the benefit of the person or persons for whom it was set aside and shall be
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held, administered, and distributed according 10 subparagrf!phs 1., 2., and
3., of paragraph C, Article IV Notwithstanding anything tontained to the
. contrary in this paragraph, if, under the provisions of this s/)bparagraph 3.,
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: of paragraph C, Article IV, any person who does notl yet meet the
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'requirements designated ill paragraph B, above, shall become entitled to a
i share of the Trust Estate, such share shall not be distdbuted to such
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beneficiary, but shall be retained in trust for said beneficiary's benefit, and
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shall be held, administered, and disposed of according 10 subparagraphs 1.,
'2., and 3., oj paragraph C, Article IV
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4. If under the terms of this Article lV, upon the death of any beneficiary,
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any other person for whom a share or portion is being held in trust shall
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become entitled to an additional share or portion, such additional share or
portion shall not be delivered free of trust, but shall be added tJ th'~ principal
Of the share or portion held in trust for such person and shall go as and with
fhe same.
5_ At the death of both of the Trustors, the Trustees shall; distribute all
~f the Trustor's personal effects or other assets, including any contents of the
Truslor's residence, to the persons named in one or more letters of
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instructions, enti tl ed "Disposi tion of Personal Effects" referring to Article IV,
'~)")paragraph c., of this Trust Agreement, dated and signed by' the Trustors
a;ld located among the Trustor's important papers at the time 'of his or her
gml'ah Bes ~"f" 6
death In the event that either of the Trustors have inadvertently named two
or more persons to lake a particular item, then the most recently dated Jetter
of instruction shall controL
G. If any beneficiary named in paragraph B, above, is an organization, and
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such organization does not exist at the time of the death of the Trustors,
theil, if the organizalion was a charitable institution, the share designated for
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that charitable organization shall be distributed to another; organization,
chosen by the trustees, who has similar purposes and functions as the
charitable organization that no longer exists. If the organization was not a
charitable institution thell the share designated for such organization shaH be
added back 10 the bnlance of the trust estate and divided to the other
beneficiaries named ill paragraph B, above.
7. A trustee in its discretion may terminate and distribute any trust
hereunder if the trustee determines that the costs of continuance thereof will
"substantially impair accomplishment of the purposes of the tru~t. The trustee
shall terminate and forthwith distribute any trust created hereby, or by
exercise of a power of appointment hereunder. Distribution under this
isection shall be made to the persons then entitled to receive or have the
.benefit of the income from the trust in the proportions in which they are
'entitled thereto, or if their interests are indefinite, then in equal shares.
ID. Whenever used herein, the term "issue", "child", "children", and
"descend'ants": include adopted issue, adopted child, adopted children and adopted
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descendants, as well as natural issue, natural child, natural children, and natural
descend~llts. anel include descendants of adopted issue, adopted ~hil'd, adopted
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childrell, and adopted descendants. Provided, however; adopted issue who are also
,
natural j'ssue shall take their share of the Trust Estate only in one capacity, such
capacity 'being the one which grants to such issue the larger share. W~ere applicable,
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the masculine includes the feminine, and vice versa, and the n.euter includes the
mascllli~e or feminine, and vice versa. Where applicable, the singular includes the
plural arid vice versa.
ARTICLE V
Spe~tdtlVti~t Pn.OljiSio~
No beneficiary of this trust, other than a Co-Trustor, shall hJve any right to
I
alienate,' encumber or hypothecate his interest in the trust to claims of his creditors,
or to re~der such interest liable to attachment, execution, or other process of law. The
9ru'fiaIJ f3 C.SI ~ J'OJ<1 7
,
income of this trust shall not be pledged, assigned, transferred, sold or accelerated,
anticipat,ed or encumbered in any manner whatsoever by any beneficiary, nor shall any
income of the trust be in any manner subject or liable in the hands of the Trustees for
the deb~s, contracts or encroachments of any beneficiary or be subject to any
assignments or any other voluntary or involuntary alienation or dispositi'on whatsoever.
If the creditor of any beneficiary, other than a Co-Trustor, who is 'entitled to any
distributions from a trust established under this instrument shall attempt by any means
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to subject to the satisfaction of his claim such beneficiary's interest in distribution,
then, notwithstanding any other provision herein, until the release .of the writ of
attachlll~nt or garnishment or other process, the' distribution set aside for such
benefici~ry shall be disposed of as follows:
I. Distribution to Beneficiary. The Trustees shall pay to or apply for the
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benefit of such bencficiary such sums as the Trustees shall determine to be
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necessary for the rcasonable health, education (including study at institutions
. of higher learning) ant.! support of the beneficiary accordink to his or her
accllstomed mode of life.
. 2. Disposition of Excess. The portion of the distribution 1l1at the Trustees
'shall determine to be in excess of the amount necessary f~r such health,
education (including study at institutions of higher leamin~) and support
shall be added to and become principal of the trust share of s~ch beneficiar}'
and will be paid to said beneficiary or subsequent heirs ip a manner to
maximize the benefit to the beneficiary without compromise of the intent of
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this trusl to provide an inheritance to the heirs.
ARTICLE VI
rl1{JO~id n.Ol>'iSiOftS
f'
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If any prOVISions of this trust are held to be invalid; none of the other
provisjo~s shall be thereby rendered invalid or inoperative as long ~ the remaining
Trust Agreement does not frustrate the intents of the Trustors, but tends to accomplish
lheir ov~rall objectives.
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9ruhah !JCS' ~a~ J
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ARTICLE VII
PeJlpetuitie.s SOlJil1.gs Q~ause
1n any event, and anything to the contraiy herein containe~ notwithstandIng,
the trusts created in this agreement shall termiriate upon the day next preceding the
,
expiration of Twenty-one (21) years after the death of the Trustors and their issue now
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living~ in the event these frusts shall not have previously terminated in accordance
with f:he terms hereof. III the event of termination of these trusts is provided for in
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this par<lgraph, the Trustees shall distribute the Trust Estate asl it shall then be
consti'tuted, together wilh any new income, to the beneficiaries then entitled to the
inconle from the Trust Estate in tile same proportions in which th1ey are entitled to
such (lIcome.
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ARTICLE VIII
T1wstees
A. The following people will act as Trustees in the following order of succession:
! I
FIRST: Robert L. Strock aud Beatrice C. Strock
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SECOND: At the death of the first Trustor the survivor of the Tnlstors and Donald
L. Strock shall serve as trustees of the Madtai Trust, and as Trust~es of the Family
Trust~
THIRD: At the death of the survivor of the Trustors, the followihg, shall serve as
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succe~sor Trustee(s), in the order listed: Donald L. Strock, Shirley'S. Albright, and
R. Dennis Strock, acting together and then either Donald L S'trock, Shiriey S.
Albl'ikht, or R. Dennis Strock, acting alone. The executor for th:e heirs is Donald
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L. SIr"ock, who may speak on behalf of any minor beneficiaries.
gnr/i~ !J d S !Lld:?age 9
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FOl~RTH: If none of the nominated individuals are able or willing to serve as
Trustees, then a Trustee(s) chosen by a majority of the beneficiaries, with a parent or
legal guardian voting for minor beneficiaries; provided, however, that the issue of any
deceased child shall have collectively only one vote.
B, Whenever more than two trustees are designated to act concurrently, a majority
v,, ,
of the Trustees, whether individual or corporate, shall have the p~wer to make any
decision, undertake any action,or execute any documents affecting the Trusts created
herei~, but the dissenting or nonassenting Trustees shall not be re~ponsible for any
action, taken by the majority pursuant to sLich decision. Before or after the death of
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the fir'st Trustors to die, if only two individual Trustees are in office, they must act
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unilnililOlIsly; provided, however, the Trustees may form jointly savings, checking or
invesllllent accounts that require ollly One Trustee's signature to effedt transactions for
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such an account. J f any individual and a corporate Trustees are in office, the
determination of the individual Trustees shall be binding.
C. Any Trustees lIlay frorn time to time delegate to one or more of the remaining
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Trustees allY powers, duties, or discretions. Every such delegation shall be made by
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a writing delivered to the delegate or delegates, and shall remain effeCtive for the time
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therein specified or until earlier revocation by a writing similarly deli~ered. Everyone
dealing 'with the Trustees shall be absolutely protected in relying upoln the certificate
of any Trustee as to who are the Trustee(s) for the time being acting, and as to the
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extent oJ their authority by reason of any delegation or otherwise.
D. No :frustee(s) named above need give bond in any jurisdiction. :If a fiduciary's
bond Ill~Y not be dispensed with, the Trustors request that the bo?d be accepted
without surety and in the lowest possible amotint. In the absence of preach of trust,
no Trustee(s) shall ever be required to qualify before, be appointed b~, or account to
any court, or obtain the order or approval of any court in the exercise of any power
or discretion herein given. The Trustees are entitled to ordinary Jod reasonable
compens~tion for services rendered in the administration and distributi6n of the estate.
!7ruhah /J (! s :j?,r Jpage 10
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,
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ARTICLE IX
POWeJLS O~ t~e Tiwstees
A. The Trustees shall have full power to do everything in administering these trusts
. I
that they deem for the best interests of the beneficiaries (whether or not it be
authorized or approprinte for fiduciaries but for this broad grant lof authority),
I
including power:
I. To acquire by purchase or otherwise, and to retain so lon~ as they deem
,
advisable, any kind of realty or personal property; or undivided interests
therein, including common and preferred stocks, bonds, or ~ther unsecured
I
obligations, options, warrants, interests in investment trusts arid discretionary
I
. common trust funds, all without diversification as to kind or amount, without
. being limited to investments authorized by law for the inv6stment of trust
funds, and power to hold or take title to property in the name of a nominee.
2. To sell for cash or on credit, at private or public sale, exchange,
hypothecate, sell short, or otherwise dispose of any real or personal property.
I.
3. To make distributions, including distributions to themse(ves as Trustees,
I .
in kind or ill money or partly in each, even if share~ b~. composed
differently; for such purp~ses, the valuation of the Trusteek sh;U1 be given
I ,
effect if reasonably made.
4. If, in the Trustee's discretion, any beneficiary (wheth~r a minor or of
legal age) is incapable of making proper disposition of any sum of income
I
or principal that is payable or appointed to said beneficiary; under the terms
of this Trust Agreement, the Trustees may apply said sum t~ or on behalf of
the beneficiary by anyone with whom the beneficiary resides, or by
payments in discharge of the beneficiary's bills or debts, iJcluding bills for
prellliums on any insurance policies, or by paying ani allowance to a
beneficiary directly. The foregoing payments shall be made without regard
to other resources of the beneficiary, or the duty of any pedon to support the
I
9nilr'af., ,8 C! S !2..:t.P~ 1/
beneficiary and without the intervention of any guardian or like fiduciary;
provided, however, that the Trustees shall ensure.and see t? the application
of the funds for the benefit of the beneficiary,so that the funds will not be
used by any adult person, or any other person for a purpo~e other than the
direct benefit of the beneficiary, and particularly so that said funds \ViIi not
be diverted from the purpose of support and education of said beneficiroy.
5. To determine whether and to what extent receipts s~ou1d be deemed
income or principal, whether or to what extent expend;tures should be
charged against princip<11 or income, and what other adjustments should be
made betweell principal and income, provided such adj~stments do not
connict with well-sellled rules for the determination of printipal and income
questions.
6. To delegate rowers to agents including account~ts, investment
cOllnsel, appraisers, legal counsel, and other experts, rem'f1erate them and
pay their expenses; to employ custodians of the Trust assets, bookkeepers,
I
clerks, and other assistants and pay them out of income or' principal.
7. To renew, assign, alter, extend, compromise, release" with or without
consideration, or submit to arbitration or litigation, obligatiobs or claims held
I
by or asserted against the Trustors, the Trustees, or th~ Tr~st Assets.
8. To borrow money from others for the payment of; taxes, debts, or
expenses, or for any other purpose which, in the opinion' of the Trustees, will
facilitate the administration of these trusts, and pledge or mbrtgage property
as security for such loans; and, if money is borrowed fro'm any Trustees,
I
individually, to pay interest thereon at the then-prevailing rate of interest.
9. To lease, or grant options to lease, for periods to begih presently or in
I
the future, without regard to statutory restrictions or the probable duration
of any trust; to erect or alter buildings or otherwise impr9ve and manage
property; demolish buildings; make ordinary and extraordinary repairs; grant
easements and charges; make partywall contracts; dedicate toads, subdivide;
I
I
!Jniliah ~ !2xd.?'''5''' 12
adjust boundary lines; partition and convey property or give money for
equity of partition: to be either a general or limited partner.
10. To enter into transactions with any other trust in which the Trustors or
the beneficiaries of the Trust Agreement, or any of them, have beneficial
interests, even though ally Trustee of such other trust is also a Trustee under
this Trust Agreement.
II. To exercise all the foregoing powers alone or in conjunction with
olhers, even though any of the Trustees are personally Interested in the
property that is involved, notwithstanding any rilles of law relating to
divided loyalty or self-dealing.
12. The Trustees may engage in the practice of writing options on all
recognized exchanges and buy and sell, on margin or otherwise (including
"short" sales), securities of every nature, limited partnerships, and
commodities.
13. The Trustees may make gift transactions. However, no Trustee, other
than [he Trustors acting as Trustees, shall have the power, to make gifts,
other than to the Spouse of a Trustor, in excess of the amount 'excluded from
gi n tax under section 2503(b) of the Internal Revenue Code of 1986, as
ilmended, or any Successor thereto. No Trustees, other than the Trustors
acting as Trustees, shall be authorized to make gifts to charities except in
satisfaction of a written pledge of a Trustor. No Trustees, other than the
Trustors acting as Trustees, shall be authorized to make gifts to any person
who is not a descendant of a Trustor or a beneficiary under this Trust or of
the Last Will and Testament of a Trustor, or the spouse of such descendant
or beneficiary.
l3. Any Trustee may decline to act or may resign as Trustee at any time
by delivering a written resignation to the beneficiaries of a trust then subsisting.
C. From the income of the trusts hereby created, or, if that be insufficient,
from the principal thereof, the Trustees shall pay and discharge all expenses incurred
(
gr2Jhah 8.(},S /2;Ld:P~ IJ
in tlie administration of the Trusts.
Trustees.
D. No Successor Trustees shall be liable for any misfeasance of any prior
ARTICLE X
..Additio!{S to 1n.lLSt
"
II is understood that the Trustors or any other person may grant, and the
Trustees may receive, as part of this Trust, additional real and personal property, by
assignment, transfer, deed, or olher conveyance, or by any other means, testamentary
or inter vivos, for inclusion ill the Trust herein created. Any such property so
received by the Trustees shall become a part of the Trust into which it is transferred
and shall become subject to the terms of this Agreement. if such property is not
speci fically appointed to either the Marital Trust or the Famiiy Trust in particular,
it shall be divided equally between the two Trusts.
ARTICLE XI
De.~e.gatiol{ O~ ..AUtROll.it~
During physical or mental incapacitation, each of the Trustors herein appoints
the other, if he or she is incapacitated, or if both are incapacitated, the next successor
Trust~cs, to succeed to his or her place, during said period of incapacitation, as either
Trustees, Guardian, Executor, or in any other legal capacity, whether appointed, orally
or in writing, and to supervise all matters in which either of the Trustors had the right
to act if he or she had not become incapacitated. Incapacitation shall be established
either by a court of competent jurisdiction or by a written statement filed with the
Trust.ees and signed ill good faith by two (2) physicians unrelated to either of the
Trustors or Ihe beneficiaries During any period of incapacity or incompetency of
either Trustor the Trust is irrevocable and unamendable in regards to its operation or
disposition for the affected Trustor. If both Trustors become incapacitated or
9ruhah 13. c. S R.):.4.7'''5''' /4
incompelent the trust is irrevocable and unamendable duririg the incompetency. If a
Trustor regains cOlllpetency, the trust will again become amendable and revocable in
regards to the recovered Trustor. If both Trustors regain competency, the trust will
again become fully amendable and revocable.
ARTICLE XII
POll.ties De-O~il-tg CWitR TillStees
No purchaser, and no issuer of any stock, bond or otller instrument
evidencing a deposit of money or property, or other person dealing with the Trustees
hereunder wilh respect to any property hereunder as purchaser, lessee, party to a
contfilct or lease, or in any capacity whatsoever, shall be under any obligation
wholsoever to see to Ihe disbursing of money paid to the Trustees or to the due
execution of Ihis Trust, in any parlicular, but such persons shall be absolutely free in
dealing with the Trustees on the same basis as though the Trustee(s) was the absolute
owner of the said property, without any conditions, restrictions, or qualifications
whatsoever.
ARTICLE XIII
S(>~pOllote PllOpellt0 to QeM.o(l-t os Sepollote PlloPe1lt0
All property conveyed or transferred to the Trustees or now held by the
Trustees pursuant to this Trust Agreement that was community property or separate
property at the time of such conveyance or transfer shail remain, respectively, the
community property or the separate property of the Trustor transferring such property
to the Trustees, unless otherwise designated. Accordingly, while both of the Trustors
are alive, the Trustees shall pay to each of the Trustors only ilie income or principal
from his or her separate trust property that each has contributed to this Trust.
l-
'v
!7niha/., f1..fd ~Oj" IS
'"-.-
ARTICLE XIV
QeJJOeotiov. (1v.d ..AMev.dM.e.v.t
A. As long as either of the Trustors are alive. each of them reserves the
right, without the consent or approval of the other. to amend. modify, revoke. or
remove frolll this Trust any and all property that was their separate property. as
referred to in Article XIII above. that they individually contributed, in whole or in
part, including the principal, and the present or past undisbursed income from such
princir,al. After the first of the Trustors has died, the survivor may amend or revoke
only the Mal'ifal Tnls!, while the Family Trust shall continue as an irrevocable
Trusl and will be administered and distributed as set forth herein. On the death of the
survivor of the Trustors, the remainder of the Trust Estate, and the trusts created
hereinafter, may not be amended. revoked, or terminated, other than by disposition of
the trust property to the beneficiaries according to the terms stated herein.
B. While both of the Trustors are alive. they shall have full authority, in
their discretion, to sell, convey. or mortgage property in their own names, without
disclosing their capacity as Trustees of this Trust Agreement; an.;: such sale or
conveyance of property in accordance with this provision, shall be considered as, and
shall cause, a partial revocation of the Trust with respect to the property so conveyed
or sold,l and shall be sufficient to remove said property from the Trust.
ARTICLE XV
CVested [utellest 00- Beueo-ic,iOltie3
'The interest of the beneficiaries is a present vested interest which shall
continue until this Trust is revoked or tenninated other than by death.
gru:fia!. /J c. s 1?1.d Yay'" /6
ARTICLE XVJ
GOlieJlJtil-l.g LOllJ
This Agreement shall be construed and regulated by the laws of the State of
Pennsylvania.
ARTICLE XVII
COMMOlt DisosteJi.
In the event the Trustors shall die under circumstances in which it is difficult
or impossible to ascertain who died first, for the purposes of this Trust Agreement,
it shall be conclusively presumed that Beatrice C. Strock had survived her husband,
Rober't. L. Str.ock.
ARTICLE XVIII
COlOstllopRie I~~ltess
.. SIlOuld a catastrophic illness affect one of the Trustors while they are both
living, then the Trust Estate shall be divided into separate property of each Trustor,
in a manner that complies with all pertinent iaws and reguiations, and not nullifying
any otlier provision required for the administration or allocation and distri~ution of the
Trust, so RS to preserve for their benefit the estate of the Trustor not so affected.
Catastrophic illness shall be defined as an illness that renders the affected
Trustor incompetent or not capable of caring foj- themselves such that full-time care
is required, and it is reasonably anticipated that such care shall be needed for a: period
of six months or longer.
The properly of the Trust Estate shall be divided proportionally to each
I
gru'/iaiJ be. S R.,,(~ :P<19" 17
Trustor one-half of the Joint property of each Trustor and their separate property.
After the division, the share of the Trust Estate allocated to each Trustor shall be their
sole ~nd separille property for all purposes, and sball be. subject to the terms and
conditions hereof if that property remains part of the Trust Estate.
The Trustor affected by the catastrophic illness, may elect to divide the Trust
Estate in accordance with these provisions. If the affected Trustor is not competent
to manage their affairs, then the co-trustor shall make the division, or the person
designated as the attorney in fact for the Trustor in their Durable Power of Attorney,
or a court appointed conservator for the affected Trustor, shall make the division.
Upon the implementation of the provisions of this article, other provisions
not withstanding, the Trust of Ihe affected Trustor shall become an "income only"
Trusl, ,in which none of the corpus of the Trust shall be distributed to the Trustor
during the rime of the catastrophic illness, but will be held for the benefit of the
affected Trustor, in anticipation of their recovery from the catastrophic illness.
ARTICLE XIX
r~ T eJlJLOlleM.
In the event that allY beneficiary under this trust shall, singly or in
conj unction wi Ih any other persoll or persons, contest in any court the validity of this
trllsl or of a deceased Trustor's Last Will or shall seek to obtain an adjudication in any
procee~ing in any court that this trust or any of its provisions, or that such Will or
any of its provisions, is void, or seek otherwise to void, nullify, or set aside this trust
or any of its provisions, then rhe right of that person to take any interest given to him
by this trust shall be determined as it would have been determined had the person
predeceased the execution of this Trust Agreement. The Trustee(s) is/are authorized
to defen,d, at the expense of the trust estate, any contest or other attack of any nature
on this frusl or any of its provisions.
,
gmhaJ.!3. C s R )' d :p~ 1<1
,0
.........._~..
ARTICLE XX
.AttO!l~e.0 Qe.plle..seH.tot1oH.
The allorney of record for the preparation of this trilst is John C Stambulis,
of Her,i tage Assurance Group. J f assistance or instruction concerning this trust IS
required, the Trustors request. that the Truslee(s) call their attorney, john C.
Starnb'ulis, or another altorney 'knowledgeable in Estate Planning.
ARTICLE XXI
Exe.c,ute.d [I{ DUp~1c'ate
Thjs Trust Agreement has been prepared in duplicate, each copy of which
has been executed as an original. One of these executed copies is in the possession
of the Trustors, and the other is deposited for safekeeping with the Trustors' Attorney,
John d. Stambulis. Either copy may be used as the originai withoui. the other; if
only one copy of this Trust Agreement can be found, then it shall b~ considered as
the original, and the missing copy will be presumed inadvertentiy lost. Any
c1arific~tions or instructions concerning this. Trust Agreement may be obtained by
call jng ~he above-men tjoned alloeney, who is requested to do everything necessary to
implement the provisions of this Trust.
!Jru/iah B. c, s i2ld:Page /9.
\
.. ..' ..
dated the I Y d<JY of
In \Vilncss Wher-eof, the Trustors have executed the foregoing Trust Agreement,
JOf'-J.....
;19~.
Trustors:
Trustees: Robert L. Strock and Beatrice
C. Strock
/)
/<::o-Ld ? ~~r~i
Rober'll L. Strock
,
Ru-M- / ~od
&<ilf:) c ,.~
Beall'ice C. Slrock
~ (j{2Z:)}
~
Certificate or Acknowledgement of Notary Public
:
Slate of Penllsylvanin )
:ss.
COUlity of Cumberland)
On Ihis , L( day of J' U V\...Q A.D. I 9~, appeared before me
I
Robert L. Strock and Beatrice C. Strock, as Grantors, ari~ Robert L. Strock and
Beatrice C. Strock, as Trustee(s), personaily known to me (br proved to me on the
basis of satisfactory evidence) to be the persons wbos~. names are subscribed in this
instrulllent. and acknowledged that they executed it.
1ln(;'vJU?{-Sl;:
Residing in
Notarial Seal .
Glenn W. Hebert, Notary Publfc
North Newton Twp" Cumberland County
My Commission Expires May B, 2000
Not,ary Public
My' Commission Expires
:i
NOTARY SEAL:
9ru'fiah il1s ~aye 20
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
PO BOX 280M 1
HARRISBURG PA 17128-0601
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
INHERITANCE TAX
STATEMENT OF ACCOUNT
REV-1607 EX AFP (03-05)
STEVEN W FAHNESTOCK
S W FAHNESTOCK & ASSOC
1513 CEDAR CLIFF DR
CAMP HILL PA 17011
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
05-01-2006
STROCK
07-10-2003
21 04-0515
CUMBERLAND
101
ROBERT
L
Amount Remitted
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
NOTE: To insure proper credit to your account, submit the upper portion of this form with your tax payment.
CUT ALONG THIS LINE
--+
RETAIN LOWER PORTION FOR YOUR RECORDS
+-
---------------------------------------------------------------------------
REV-1607 EX AFP (03-05)
*** INHERITANCE TAX STATEMENT OF ACCOUNT ...
ESTATE OF STROCK
ROBERT
L FILE NO. 21 04-0515
ACN 101
DATE 05-01-2006
THIS STATEMENT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NAMED ESTATE. SHOWN BELOW
IS A SUMMARY OF THE PRINCIPAL TAX DUE, APPLICATION OF ALL PAYMENTS, THE CURRENT BALANCE, AND, IF APPLICABLE,
A PROJECTED INTEREST FIGURE.
DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 04-03-2006
PRINCIPAL TAX DUE: 23,818.44
PAYMENTS (TAX CREDITS):
IPAYME
~DAT
06-02-
04-13-
I
L
NT RECEIPT DISCOUNT (+) AMOUNT PAID
E NUMBER INTEREST/PEN PAID ( -)
2004 CD003997 138.86- 26,000.00 I
2006 REFUND .00 2,042.70- I
I
I
TOTAL TAX CREDIT i
23,818.44 i
i
BALANCE OF TAX DUE .00 I
I
INTEREST AND PEN. I -1
.~~
TOTAL DUE I
ID AFTER THIS DATE, SEE REVERSE I .00 i
----.J
* IF PA
SIDE FOR CALCULATION OF ADDITIONAL INTEREST.
( IF TOTAL DUE IS LESS THAN $1,
NO PAYMENT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR),
YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. )
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
*'
STEVEN W FAHNESTOCK
S W FAHNESTOCK & ASSOC
1513 CEDAR CLIFF DR
CAMP HILL PA 17011
,",'~i''."'cNQ"TICE'UFr'DETERMINATION AND
; 'ASSESSMENT OF PENNSYLVANIA
ESTAtE'TA~ BASED ON FEDERAL
'CLOSING LETTER
.37 DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
REY-73' EX AFP (0'-05)
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
PO BOX Z80601
HARRISBURG PA 171Z8-0601
{',\r'-,-
, ,....~.r
10-02-2006
STROCK
07-10-2003
21 04-0515
CUMBERLAND
202
APPEAL DATE: 12-01-2006
(See reverse side under Objections)
Amount Remitted I I
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
ROBERT
L
r (-~..... -~.
i"".""
/"\,
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
NOTE: To insure proper credit to your account, sub.it the upper portion of this for. with your tax pay.ent.
CUT ALONG THIS LINE -+ RETAIN LOWER PORTION FOR YOUR FILES +-
REV=736--Ex-A"FP-Toi:-02r----.-.-NifffcE--oF--D'ETE-RMi'NA"fiifN'-A'N-D'-AS-SESSMENY------------------------ ----
OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL CLOSING LETTER ..
ESTATE OF STROCK
ROBERT
L FILE NO.21 04-0515
ACN 202
DATE 10-02-2006
ESTATE TAX DETERMINATION
1. Credit For State Death Taxes as Verified
.00
2. Pennsylvania Inheritance Tax Assessed
(Excluding Discount and/or Interest)
23,818.44
3. Inheritance Tax Assessed by Other States
or Territories of the United States
(Excluding Discount and/or Interest)
.00
4. Total Inheritance Tax Assessed
23.818.44
5. Pennsylvania Estate Tax Due
.00
6. Amount of Pennsylvania Estate Tax Previously Assessed
Based on Federal Estate Tax Return
.00
7. Additional Pennsylvania Estate Tax Due
.00
TAX CREDITS:
PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID
DATE NUMBER INTEREST/PEN PAID (-)
TOTAL TAX CREDIT .00
BALANCE OF TAX DUE .00
INTEREST AND PEN. .00
TOTAL DUE .00
-IF PAID AFTER THIS DATE, SEE REVERSE SIDE (IF TOTAL DUE IS LESS THAN $1, NO PAYHENT IS REQUIRED CiJ'
FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU HAY BE
DUE A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS.)
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
PO BOX 280601
HARRISBURG PA 17128-0601
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
~-..,. !-",N. ,OJ'\I~~COF <'DETERMINATION AND
\.'.'-"ASSESSHE"''F' OF PENNSYLVANIA
ESTATE TAX BASED ON FEDERAL
. ESTATE TAX RETURN
REV-483 EX AFP (06-05)
Z005
i)') r.1 n. ~8
L ,__ ,l;! :.;' oJ
/ -
. ,
DATE 09-25-2006
ESTATE OF STROCK ROBERT L
DATE OF DEATH 07-10-2003
FILE NUMBER 21 04-0515
COUNTY CUMBERLAND
ACN 201
APPEAL DATE: 11-24-2006
(See reverse side under Objections)
Amount Remitted L J
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
STEVEN W FAHNESTOCK Ct
S W FAHNESTOCK & ASSOC
1513 CEDAR CLIFF DR
CAMP HILL PA 17011
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
NOTE: To insure proper credit to your account, submit the upper portion of this form with your tax payment.
~~!_~~~~~_!~~~-~~~~--------~___~~TlL~~_~~~~~~P1tT}P~_!P~_YPY~_!}~~P__~_____________________
REV-483 EX AFP (03-05) .. NOTICE OF DETERMINATION AND ASSESSMENT
OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL ESTATE TAX RETURN ..
ESTATE OF STROCK
ROBERT
L FILE NO.21 04-0515
ACN 201
DATE 09-25-2006
1. Credit For State Death Taxes as Verified
ESTATE TAX DETERMINATION
2. PennsYlvania Inheritance Tax Assessed
(Excluding Discount and/or Interest)
.00
23.818.44
3. Inheritance Tax Assessed by Other States
or Territories of the United States
(Excluding Discount and/or Interest)
.00
4. Total Inheritance Tax Assessed
5. Pennsylvania Estate Tax Due
23.818.44
TAX CREDITS:
.00
PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID
DATE NUMBER INTEREST/PEN PAID (-)
TOTAL TAX CREDIT .00
BALANCE OF TAX DUE .00
INTEREST AND PEN. .00
TOTAL DUE .00
-IF PAID AFTER THIS DATE, SEE REVERSE SIDE (IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED
FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE
DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.)
,r
,~V