HomeMy WebLinkAbout04-0214
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PO Box 308
Camp Hill PA 17011
Tel: 717730-2265
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Register of Wills
Cumberland County
South Hanover Street
Carlisle, PA 17013
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Re: David C. Ulmer
Date of Death 12/04/03
SSN 177-22-0375
Dear Register of Wills:
On behalf of the Corporate Co-Trustee for the Trust of David C. Ulmer, I enclose a check in
the amount of $24,700.00 for payment on account of Pennsylvania Inheritance Tax. This
payment will yield a 5% discount in the amount of $1 ,300.00 for a total credit towards the
Pennsylvania Inheritance Tax in the amount of $26,000.00.
There was no probate estate for this decedent.
Please send us the usual customary receipt at your earliest convenience.
Sincerely,
~\~~
Carrie M. Vogelsong
Asst. Vice President
Trust Advisor
Enclosure:
A member of The PNC Financial Services Group
4242 Carlisle Pike Camp Hill Pennsylvania 17011
COMMONWEALTH OF PENNSYLVANIA
OEPARTMENT OF REVENUE
BU~EAU OF INDIVIDUAL TAXES
.' DEPT. 280601
HARRISBURG, PA 17128-0601
REV-1162 EX( 11-961
RECEIVED FROM:
PENNSYLVANIA
INHERITANCE AND ESTATE TAX
OFFICIAL RECEIPT
PNC ADVISORS
PO BOX 308
CAMP HILL, PA 17011
n______ fold
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ESTATE INFORMATION: SSN: 177-22-0375
FILE NUMBER: 2104-0214
DECEDENT NAME: ULMER DAVID C
DATE OF PAYMENT: 03/03/2004
POSTMARK DATE: 03/03/2004
COUNTY: CUMBERLAND
DATE OF DEATH: 12/04/2003
NO. CD 003631
ACN
ASSESSMENT
CONTROL
NUMBER
AMOUNT
101 I $24,700.00
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TOTAL AMOUNT PAID:
$24,700.00
REMARKS: PNC ADVISORS
C/O CARRIE M VOGELSONG
CHECK# 1161814
SEAL
INITIALS: SK
RECEIVED BY:
REGISTER OF WILLS
GLENDA FARNER STRASBAUGH
REGISTER OF WILLS
o PNCADVlSORS
PO Box 308
Camp Hill PA 17001-0308
(717) 730-2265
Toll Free 1-800-846-2265, ext. 2265
September 2, 2004
Register of Wills
Cumberland County Courthouse
Hanover St.
Carlisle PA 17013
Re: David C. Ulmer Non-probate Estate 0 ~- ~ \br
Date of death: December 4, 2003
SSN 177-22-0375
Dear Sir or Madam:
On behalf of the corporate trustee of the above-referenced non-probate estate, enclosed you will
find the original and one copy of the Pennsylvania Inheritance Tax Return.
Kindly acknowledge receipt of the enclosed by date/time stamping and returning the copy of this
letter.
Sincerely,
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Linda J. Lundberg
Asst. Vice President
Estate Administrator
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A member of The PNC Financial Services Group
4242 Carlisle Pike Camp Hill Pennsylvania 17011
2W4645 1000
REV-1500 EX (6-00)
COMMONWEALTH OF
PENNSYLVANIA
DEPARTMENT OF REVENUE
DEPT. 280601
HARRISBURG, PA 17128-0601
REV-1500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
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DECEDENI'S NAME (LAST, FIRST, AND MIDDLE INITIAL)
Ulmer, David C
DATE OF DEATH (MM-DD-YEAR) DATE OF BIRTH (MM-DD-YEAR)
12/04/2003 06/29/1908
(IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL)
Ulmer, Anne D
00 1. Original Return
D 4. Limited Estate
00 6. Decedent Died Testate (Attach copy of Will)
D 9. Liti9ation Proceeds Received
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OFFICIAL USE ONLY
FILE NUMBER ~O() L/ ~
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COUNlY CODE YEAR NUMBER
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D 2. Supplemental Return D '~.Remainder ~m (date of death prior 10 12-13-82)
00 4a. Future Interest Compromise (date of death after 12-12-82) D ~.~Federal Estate::Tax Retu";:Required
00 7. Decedent Maintained a Living Trust (Attach copy ofTrust) --.!.. 8r.;r~tal Numb~f Boxes
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D 10. Spousal Poverty Credit (data of death betwee, 12-31-91 am 1-1-95) D 1:'1. ""ection tcOO< 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
PNC Bank, N.A.
FIRM NAME (If Applicable)
PNC Bank, N.A., Carrie Vogelsong
TELEPHONE NUMBER
P.O. Box 308
4242 Carlisle Pike
Camp Hill, PA 17001-0308
(717) 730-2276
1. Real Estate (Schedule A)
(1)
(2)
2. Stocks and Bonds (Schedule B)
3. Closely Held Corporation, Partnership or Sole-Proprietorship (3)
4. Mortgages & Notes Receivable (Schedule D)
5. Cash, Bank Deposits & Miscellaneous Personal Property
(Schedule E)
(4)
(5)
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6. Jointly Owned Property (Schedule F) (6)
D Separate Billing Requested
7. I nter-Vivos Transfers & Miscellaneous Non-Probate Property (7)
(Schedule G or L)
8_ Total Gross Assets (total Lines 1-7)
9. Funeral Expenses & Administrative Costs (Schedule H) (9)
1 O. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10)
11. Total Deductions (total Lines 9 & 10)
12. Net Value of Estate (Line 8 minus Line 11)
13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been
made (Schedule J)
14. Net Value Subject to Tax (Line 12 minus Line 13)
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
15. Amount of Line 14 taxable at the spousal tax 282,487.16 x .00_ (15)
Z rate, or transfers under Sec. 9116 (a)(1.2)
0 474,359.73
i= 16. Amount of Line 14 taxable at lineal rate x .045-- (16)
<
I- 0.00
::l x .12 (17)
CL 17. Amount of Line 14 taxable at sibling rate
::::E
0 0.00 x .15 (18)
() 18. Amount of Line 14 taxable at collateral rate
X
< 19. Tax Due (19)
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20.
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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
OFFICIAL USE ONLY
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27,552.67'
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750 263 86T
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(8)
13,747.50
2,430.62
777,816.53
(11 )
16,178.12
761,638.41
4,791.52
(12)
(13)
(14)
756,846.89
0.00
21,346.19
0.00
0.00
21,346.19
Decedent's Complete Address:
STREET ADDRESS
325 Wesley Drive
HealthCare #329
CI1Y I STATE I ZIP
Mechanicsbura PA 17055-3574
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
8. Prior Payments
C. Discount
(1 )
21,346.19
0.00
24,700.00
1,067.31
3. Interest/Penalty if applicable
D. Interest
E. Penalty
Total Credits (A + 8 + C) (2)
25,767.31
0.00
0.00
Total Interest/Penalty (D + E) (3)
0.00
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)
4,421.12
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.
Make Check to:
(58)
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and:
a. retain the use or income of the property transferred;. . . . . . . . . . . . . . .
b. retain the right to designate who shall use the property transferred or its income; .
c. retain a reversionary interest; or . . . . . . . . . . . . . . . . . . . . . . . .
d. receive the promise for life of either payments, benefits or care? . . . . . . . . .
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? . . . . . . . . . . . . . . . . . . . . . . . . . . .. D
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? D
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. D [Z]
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 penalti~f~e~urY'bd, cl e t~'}ll have examined this retu~,~c:u~i~g ~panying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete.
Declaration of ~4L.oth~ ~~o~erti!)e is'ba~~ of lNhich preparer has any knowledge.
SIGNATURE ERSON RESPONSIBLE F FILING TURN DATE
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Yes
No
00
00
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D
D
D
D
00
[X]
[X]
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DATE
ADDRESS
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 survivin9 spouse is 3%
[72 P.S.9 9916 (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. 9 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 retum 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. 99116(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. 9 9116(1.2) [72 P.S. 99116(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. 9 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.
2W4646 1.000
Estate of: David CUlmer
177-22-0375
Co-Trustee
Charles D Ulmer
924 Pennsylvania Avenue
Harrisburg, PA 17112-1634
REV-1502EX + (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE A
REAL ESTATE
ESTATE OF
Ulmer, David C
FILE NUMBER
-2003-
All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged
between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which is jointly-owned with
right ofsurvivorship must be disclosed on Schedule F.
ITEM
NUMBER
1.
DESCRIPTION
VALUE AT DATE
OF DEATH
TOTAL (Also enter on line 1, Recapitulation)
$
0.00
2W4695 2.000
(If more space is needed, insert additional sheets of the same size)
REV-1503 EX + (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
SCHEDULE B
STOCKS & BONDS
Ulmer, David C
FILE NUMBER
-2003-
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM
NUMBER
1.
DESCRIPTION
VALUE AT DATE
OF DEATH
2W4696 3.000
TOTAl (Also enter on line 2, Recapitulation) $
0.00
(If more space is needed, insert additional sheets of the same size)
REV-1504 EX + (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
T D
SCHEDULE C
CLOSELY-HELD CORPORATION,
PARTNERSHIP or SOLE.PROPRlETORSHIP
ESTATE OF
Ulmer, David C
FILE NUMBER
-2003-
Schedule C-l or C-2 (Including all supporting information) must be attached for each closely-held corporation/partnership interest of the decedent, other than a sole-proprietorship.
See instructions for the supporting information to be submijted for sole-proprietorships.
ITEM
NUMBER
DESCRIPTION
VALUE AT
DATE OF DEATH
1.
2W4697 2.000
TOTAl (Also enter on line 3, Recapitulation)
(If more space is needed, insert additional sheets of the same size)
$
0.00
REV-1507 EX + (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Ulmer, David C
SCHEDULE D
MORTGAGES & NOTES
RECEIVABLE
FILE NUMBER
-2003-
All property jointly-owned with the right of survivorship must be disclosed on Schedule F.
ITEM
NUMBER
DESCRIPTION
VALUE AT
DATE OF DEATH
1.
2W46AC 2.000
TOTAL (Also enter on line 4, Recapitulation) $
0.00
(If more space is needed, insert additional sheets of same size)
REV-15G8 EX + (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
ESTATE OF
Ulmer, David C
Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F.
FILE NUMBER
-2003-
ITEM
NUMBER
1. Unum
Unum
Long
DESCRIPTION
VALUE AT DATE
OF DEATH
19,872.00
Provident
Life Insurance Company of America
Term Care Benefits
2 Refund of Premium Unum Provident
Long Term Care Insurance
4,327.35
3 HighMark Blue Shield
Prescription Reimbursement
Check #61075502 $797.11
Check #61061656 $213.48
Check #61064789 $341.52
1,352.11
4 Highmark BlueShield Prescription Reimbursement
147.65
5 PA Department of Revenue
Year 2003
Income Tax Refund
351. 56
6 Gold and Silver Coins in Safe Deposit Box
Appraised Value
1,502.00
2W46AD 2.000
TOTAL (Also enter on line 5 Recapitulation) $
(If more space is needed, insert add~ional sheets of the same size)
27,552.67
REV-1509 EX + (1-97)
COMMONWEALTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Ulmer, David C
SCHEDULE F
JOINTL V-OWNED PROPERTY
FILE NUMBER
-2003-
If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G.
A.
SURVIVING JOINT TENANT(S) NAME
ADDRESS
RELATIONSHIP TO DECEDENT
B
c.
JOINTLY-OWNED PROPERTY:
I
NU
LETIER DATE DESCRIPTlON OF PROPERlY %OF DATE OF DEATH
TEM FOR JOI NT MADE Include name of financial institution and bank account number or DATE OF DEATH DECD'S VALUE OF
MBER TENANT JOINT similar identifyina number. Attach deed far iaintlv-held real estate. VALUE OF ASSET INTEREST DECEDENTS INTEREST
1.
TOTAL (Also enter on line 6. Recaoitulationl $ 0.00
(If more space is needed, insert additional sheets of same size)
2W46AE 2.000
REV..1510 EX + (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Ulmer, David C
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
FILE NUMBER
-2003-
ITE
NUM
This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes.
DESCRIPTION OF PROPERTY %OF
M INCLUDE THE NAME OF THE TRANSFEREE. THEIR RELATIONSHIP TO DATE OF DEATH DECD'S EXCLUSION TAXABLE VALUE
BEF< DECEDENT AND THE DATE OF TRANSFER. ATTACH A COpy OF THE VALUE OF ASSET IIF APPLICABLE\
DEED FOR REAL ESTATE. INTEREST
12,000 Shares Adams Express 145,620.00 100.00 0.00 145,620.00
@12.135
(006212104)
Dividend: $0.09 1,080.00 100.00 0.00 1,080.00
Ex: 11/20/2003
Received: 11/24/2003
Pay: 12/27/2003
Dividend: $0.54 6,480.00 100.00 0.00 6,480.00
Ex: 11/20/2003
Received: 11/24/2003
Pay: 12/27/2003
4,029.6820 Vanguard/Wellington 113, 113 . 17 100.00 0.00 113,113.17
Fund, Inc.
@28.07
(921937108)
Accrued Dividend 346.55 100.00 0.00 346.55
3,278.1610 Shares Vanguard 33,568.37 100.00 0.00 33,568.37
Bond Index Fund, Inc.
@10.24
(921937108)
Accrued Dividend 17.16 100.00 0.00 17.16
7,396.2090 Vanguard/Windsor 117,081.99 100.00 0.00 117,081.99
Fund, Inc.
@15.83
(922018106)
Accrued Dividend 251.47 100.00 0.00 251.47
2,066.1450 Shares Vanguard 21,611.88 100.00 0.00 21,611. 88
Fixed Income Securities Fund
Total from continuation pages.... 311,093.27
TOTAL (Also enter on line 7, Recapitulation) $ 750,263.86
2
3
4
5
2W46AF 2.000
(If more space is needed, insert additional sheets of same size.)
Estate of: Ulmer, David C
Schedule G -- Inter-vivos Transfers & Misc. Non-probate Property
Page 2
-2003-
[tern
No.
Description
Date of death
Value of asset
% of Deed's
Interest
Exclusion
(If applicable)
Taxable Value
5 GNMA Portfolio
@10.46
(922031307)
Accrued Dividend
11. 35
100.00
0.00
11.35
6 7,873.902 Shares Vanguard PA
Tax Free Fund
Long TaxEx Inv
@11. 65
(92204L104)
91,730.96
100.00
0.00
91,730.96
Accrued Dividend
45.45
100.00
0.00
45.45
7 15,486.2620 Shares Vanguard
Municipal Bond Fund, Inc.
Limited Term Portfolio
@11. 03
(922907704)
170,813.47
100.00
0.00
170,813.47
Accrued Dividend 55.39 100.00 0.00 55.39
8 48,432.55 Shares Blackrock 48,432.55 100.00 0.00 48,432.55
Money Market Fund
Institutional Class
@1.00
(993099910)
9 Principal Cash Accrued 4.10 100.00 0.00 4.10
to Date of Death
TOTAL. (Carry forward to main schedule) . . . . . .
311,093.27
REV-1511 EX + (1-97)
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Ulmer, David C
FILE NUMBER
-2003-
Debts of decedent must be renorted on Schedule I.
ITEM
NUMBER
A.
B.
2W46AG 2.000
DESCRIPTION
AMOUNT
1.
FUNER.AJ... EXPENSES:
Refurbishment of Memorial Marker from Lock Haven
Location
225.00
2
Chaplain's Honarium Memorial Service and Interment
225.00
3
Funeral Luncheon for Family Members
May Interment of Ashes
181. 00
4
David Myers Funeral Home, Newport, PA
Interment Expenses
ADMINISTRATIVE COSTS:
Personal Representative's Commissions
9,375.00
621. 50
1.
Name of Personal Representative(s) See Schedule attached
Social Security Number(s) I EIN Number of Personal Representative(s)
Street Address
City
State
Zip
2.
Year(s) Commission Paid:
Attorney Fees Name: Latsha, Davis, Yo he &: McKenna
3,000.00
3.
Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
0.00
Claimant
Street Address
City
State
Zip
Relationship of Claimant to Decedent
4_
Probate Fees
0.00
5_
Accountant's Fees
0.00
6.
Tax Return Preparer's Fees
0.00
7.
Total from cont1nuat1on pages....
120.00
13,747.50
TOTAL (Also enter on line 9, Recapitulation)
(If more space is needed, insert additional sheets of same size)
$
Estate of: Ulmer, David C
Schedule H, Part A -- Funeral Expenses
Item
No.
Description
o
5
Obituary Notice
Harrisburg News
TOTAL. (Carry forward to main schedule) . . . . . .
Page 2
-2003-
Amount
120.00
120.00
Estate of: Ulmer, David C
Schedule B, Part B -- Personal representatives' Commissions
Page 2
-2003-
Item
No.
Description
Amount
1
Name: PNC Bank, N.A.
Social security number: 22-1146430
Addres 308
4242 Carlisle Pike
Camp Bill, PA 17001-0308
Year(s) commissions paid: To be Paid
9,375.00
TOTAL. (Carry forward to main schedule) . . . . . .
9,375.00
REV-1512 EX + (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Ulmer, David C
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
FILE NUMBER
-2003-
Include unreimbursed medical eXDenses.
ITEM
NUMBER
DESCRIPTION
AMOUNT
1. PNC Bank Principal Compensation
to Date of Death
538.00
2 2003 Co-Trustee Compensation
through 12/4/03
1,892.62
2W46AH 2.000
TOTAL (Also enter on line 10, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
2,430.62
REV-1513 EX+ (9-00)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Ulmer David C
SCHEDULE J
BENEFICIARIES
NUMBER
I.
NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY
TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers
under Sec. 9116 (a) (1.2)]
Ulmer, Anne D
325 Wesley Drive
HealthCare #329
Mechanicsburg, PA 17055-3574
1.
2
Ulmer, Jr., David C
1407 Holmes Drive
Colorado Springs, CO 80909-3128
3
Ulmer, Charles D
924 Pennsylvania Avenue
Harrisburg, PA 17112-1634
4
Andrews Madar, Christine
163 Moon Valley Road
Windyville, MO 65783
5
Ulmer, Jeanne Marie
1151 East 1st Avenue, #1521
Broomfield, CO 80020
FILE NUMBER
-2003-
RELATIONSHIP TO DECEDENT
Do Not List Trustee(s)
Spouse
Son
Son
Granddaughter
Granddaughter
AMOUNT OR SHARE
OF ESTATE
282,487.16
127,307.91
157,307.91
47,435.98
47,435.98
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.
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
1. Clinton County Foundation of Lock Haven, PA
2 Blooming Grove Historical Society of Williamsport, PA
2W46AI 1.000
TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET
(If more space IS needed, Insert additional sheets of the same Size)
2,395.76
2,395.76
$
4,791.52
Estate of: Ulmer, David C
Item
No.
Schedule J Part 1 -- Beneficiaries
Name and Address of Person(s) receiving property
Relationship
5
6
Russotto, Robyn
6731 Lehigh Avenue
Harrisburg, PA 17111
7
Ulmer, Drew
924 Pennsylvania Avenue
Harrisburg, PA 17112
Granddaughter
Grandson
Page 2
-2003-
Amount or
Share of Estate
47,435.98
47,435.97
REV-1514 EX+ (1-97)
SCHEDULE K
LIFE ESTATE, ANNUITY
& TERM CERTAIN
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX REIURN
RESIDENT DECEDENT
ESTATE OF
Ulmer, David C
Check Box 4 on Rev-1500 Cover Sheet,
FILE NUMBER
-2003-
This schedule is to be used for all single life, joint or successive life estate and term certain calculations. For dates of death
prior to 5-1-89, actuarial factors for single life calculations can be obtained from the Department of Revenue, Specialty Tax Unit.
Actuarial factors can be found in IRS Publication 1457, Actuarial Values, Alpha Volume for dates of death on or after 5-1-89.
Indicate the type of instrument which created the future interest below and attach a copy to the tax return.
D Will D Intervivos Deed of Trust D Other
L LIFE ESTATE INTEREST CALCULATION
NAME(S) OF NEAREST AGE AT TERM OF YEARS LIFE ESTATE IS
LIFE TENANT S DATE OF BIRTH DATE OF DEATH PAYABLE
Term of Years
Term of Years
Term of Years
1. Value of fund from which life estate is payable
2. Actuarial factor per app~iate table
Interest table rate - U 3 1/2% D 6% D 10%
3. Value of life estate (Line 1 multiplied by Line 2)
Term of Years
D Variable Rate
%
$
c
NAME(S) OF
ANNUITANT S
ANNUITY INTEREST CALCULATION
NEAREST AGE AT
DATE OF BIRTH DATE OF DEATH
TERM OF YEARS
ANNUITY IS PAYABLE
1. Value of fund from which annuity is payable $
2. Check appropriate block below and enter corresponding (number)
Frequency of payout - D Weekly (52) n Bi-weekly (2U Monthly (12)
o Quarterly (4) D Semi-annually (2) D Annually (1) DOther ( )
3. Amount of payout per period $
4. Aggregate annual payment, Line 2 multiplied by Line 3
5. Annuity Factor (see instructions)
Interest table rate D 3 1/2% D 6% D 10% D Variable Rate %
6. Adjustment Factor (see instructions)
7. Value of annuity. If using 3 1/2%, 6%, 10%, or if variable rate and period payout is at end of period,
calculation is: Line 4 x Line 5 x Line 6 $
If using variable rate and period payout is at beginning of period, calculation is:
(Line 4 x Line 5 x Line 6) + Line 3 $
Term of Years
Term of Years
Term of Years
Term of Years
NOTE: The values of the funds which create the above future interests must be reported as part of the estate assets on
Schedules A through G of this tax return. The resulting life or annuity interest(s) should be reported at the appropriate tax rate on
Lines 13,15,16 and 17.
(If more space is needed, insert additional sheets of the same size)
2W46A,' 1.000
REV.1647 EX. (9-00)
*'
COMMONWEAlTH OF PENNsYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
sa -.~M
FUTURE INTEREST COMPROMISE
ESTATE OF
Check Box.. on Rev-1500 Cover Sheet
David C. Ulmer
FILE NUMBER
This Schedule Is appropriate only for estat.. of decedents dying after December 12, 1982.
This schedule Is to be used for all future interests where the rate of tax which will be applicable when the future Interest vests in
Possession and enjoyment cannot be established with certainty.
Indicate below the type of InstnJment which created the future interest and attach a copy to the tax return.
[J Will IX) Trust [J Other
2003
I. Beneficiaries
NAME OF BENEFICIARY RELATIONSHIP DATE OF BIRTH AGE TO
NEAREST BIRTHDAY
1. Anne D. Ulmer Spouse
2. n",,.,; rl (' .- T... ~nn
111m"...
3. CharleR n Ulm"'" Son
4 ~~ristiU~...:~~drews Mada~ ~randqaughter
. .~~--- . Ii 1m"...
5 RobvQ_Russotto Granddaughter
. IITPToT 1m"...
II. For decedents dying on or after July 1, 1994, If a surviving spouse exercised or Intends to exercise a right of withdrawal within
9 months of the decedent's death, check the appropriate block and attach a copy of the document in which the surviving spouse
exercises such withdrawal right
[J Unlimited. right of withdrawal m Limited right of withdrawa'
III. Explanation of Compromise Offer:
IV. Summary of Compromise Offer:
1. Amount of Future Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 761 . 638 . 41
2. Value of Une 1 exempt from tax as amount passing to charities. etc.
(also include as part of total shown on Line 13 of Cover Sheet) ..... .$ 4,791.52
3. Value of Une 1 passing to spouse at appropriate tax rate
Check One 06%, 03%, IilI 0% ......................$ 282.487.16
(also Include as part of lotal shown on Line 15 of Cover Sheet)
4. Value of Line 1 taxable at lineal rate
Check One 06%. II 4.5% .......................... .$ 474,359.73
(also Inetude as part of total shown on Line 16 of Cover Sheet)
5. Value of Une 1 taxable at sibling rate (12%)
(also Include as part of total shown on Line 17 of Cover Sheet) ..... .$
6. Value of Une 1 taxable at collateral rate (15%)
(also include as part of total shown on Line 18 of Cover Sheet) ..... .$
7. Total value of Future Interest (sum of Lines 2 thru 6 must equal Line 1) ..................... .$761 .638.41
(If more space is needed, insert additional sheets of the same size)
Estate of: David C. Ulmer
Addendum - Schedule M
Future Interest Compromise
I. Beneficiaries
Date of Age to Nearest
Name of Bene. Relationship Birth Birthdav
1. Anne D. Ulmer Spouse 09/12/10 93
2. David C. Ulmer, Jr. Son
3. Charles D. Ulmer Son
4. Christine Andrews Granddaughter
5. Jeanne Marie Ulmer Granddaughter
6. Robyn Russotto Granddaughter
7. Drew Ulmer Grandson
III. Explanation of Compromise Offer:
Per Paragraph 5(C)(2) of Settlor's Revocable Deed of Trust dated November 26,
2001, Settlor's surviving spouse, Anne D. Ulmer, is granted the non-cumulative power to
withdraw annually the greater of$5,000 or 5% of the market value of the trust, as valued
on the last day of each calendar year. She in fact did exercise this power for calendar
year 2003, and it is expected she will continue to exercise it for the remainder of her life.
Per the IRS Unisex Single Life Expectancy Table (Treas. Reg. Sec. 1.72-9), Anne
Ulmer's remaining life expectancy is approximately 4.6 years.
The below calculation of the life estate of Anne D. Ulmer assumes the annual
withdrawal of the 5x5 power, then calculates her annual right to the income in the
balance of the trust as follows:
Sec. 7520 Interest Rate: 4.2%
Income Interest factor
for one year (Table B(4.2)) .040307
While it is conceivable that the full value of the power could be withdrawn in year
5, that year's calculation is adjusted downward to the 4.6 year life expectancy.
Estate of: David C. Ulmer
Addendum - Schedule M
Future Interest Compromise
III. Explanation of Compromise Offer (cont'd):
Net value of trust as ofDOD
$ 761,638.41
Year 1:
Amount withdrawn as of
12/31/2003 $ (37.852.56)
Term certain for one year 0.040307 x $ 723,785.85
Year 2: $ 723,785.85
5x5 withdrawal power x.05 $ (36.189.29)
Term certain for one year 0.040307 x $ 687,596.56
Year 3: $ 687,596.56
5x5 withdrawal power x.05 $ (34.379.83)
Term certain for one year 0.040307 x $ 653,216.73
Year 4: $ 653,216.73
5x5 withdrawal power x 0.05 $ (32.660.83)
Term certain for one year 0.040307 x $ 620,555.90
Year 5: $ 620,555.90
5x5 withdrawal power x .05 x .6 $ 08.616.68)
Term certain for one year 0.040307 x .6 x $ 601,939.22
Net value of trust as ofDOD $ 761,638.41
Less total interest of spouse $ (282.487.16)
Remainder $ 479,151.25
Charitable interest in remainder:
Clinton County Foundation 0.50% $ (2,395.76)
Blooming Grove Hist. Society 0.50% $ (2.395.76)
Remainder to lineal heirs $ 474,359.73
PH/ro
8/30/04
$ 37,852.56
$ 29,173.64
$ 36,189.29
$ 27,714.95
$ 34,379.83
$ 26,329.21
$ 32,660.83
$ 25,012.75
$ 18,616.68
$ 14.557.42
$ 282,487.16
REV-1649 EX+ (1-97)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
Ulmer, David C -2003-
Do not complete this schedule unless the estate is making the election to tax assets under Section 9113(A) of the Inheritance & Estate Tax Act.
If the election applies to more than one trust or similar arrangement, a separate form must be filed for each trust.
This election applies to the Trust (marital, residual, A, B, By-pass, Unified Credit, etc.)
If a trust or similar arrangement meets the requirements of Section 9113(A), and:
a. The trust or similar arrangement is listed in Schedule 0, and
b. The value of the trust or similar arrangement is entered in whole or in part as an asset on Schedule 0,
then the transferor's personal representative may specifically identify the trust (all or a fractional portion or percentage) to be induded in the election to have such trust or
similar property treated as a taxable transfer in this estate. If less than the entire value of the trust or similar property is included as a taxable transfer on Schedule 0, the
personal representative shall be considered to have made the election only as to a fraction of the trust or similar arrangement. The numerator of this fraction is equal to
the amount of the trust or similar arran ement included as a taxable asset on Schedule O. The denominator is ual to the total value of the trust or similar arran ement.
PART A: Enter the description and value of all interests, both taxable and non-taxable, regardless of location, which pass to the decedent's
survivin souse under a Section 9113 A trust or similar arran ement.
DESCRIPTION VALUE
Part A Total I $ 0 . 00
PART B: Enter the descriotion and value of all interests included in Part A for which the Section 9113 A\ election to tax is beina made.
DESCRIPTION VALUE
2W46E,' 1.000
Part B Total $
(If more space is needed, insert additional sheets of the same size)
0.00
FEB-27-2004 08:31
PNC 3ANK
Unum Lif. Insurlnea Compeny of America
1 Fountain Square
Chattanooga, TN 37402
2600
David Ulmer
clo Charles Ulmer
924 Pennsylvania Ave.
HI"llburg. PA 17112.1634
717 730 2254
P.01/01
2600 UNUM LIFE . LTC 800.845.2290
\.
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o COlalfCTm (It d11CUcO
'\
,.,. YiR'S n...... _ .__. city. _I. ZIP c:ade. encI qltp/lon. .... 1 Gr_ ....._m ~.. b_fIu pIIid OMl No. IM$-' III
Unum Life Insurlnee Compeny of America Long-Term Car. end
1 Fountain Squlll'e $19,872.00
Chananoogl, TN 37402 2003 Accererated Death
2 Ac,*,... iadl ....."11I_ Benefits
Form 1099-LTC
PAYER'S "eel.... Icllft1IIlcetlm IIUmlllrl~ICYHOLO!ll'S ldarnmc.lJan nuniIt 3 Clltclc _ INSUIIED'S _r l-'Iy no. Cop~ B
01 -0278678 177-22-0375 OO~ D~~"" 177-22-0375 For ollcvhotder
rills '" In>pGrtanl tall
POUCYHOLO!ll'S ""1. lit.. 1Cf~. cky. Stale. and ZJP e_ INSURED'S _. ""11 .cflhu, cIIy. IlIt.. Nld ZJP CIlCl. ftllormelion _ I. b.lng
!umIIIl1Cl EO "" Illltm.,
David Ulmer DavId Ulmar- IlIVUlUI Servf... If yau
c/o Charles Ulmer c/o Chlrles Ulmer ... NquI..... II file .
924 Pennsylvania Aw. 924 Pennsylvania Ave. ...,'... . ....1I11.ne.
Harriaburg, PA 17112-1634 Harrisburg. PA 17112-1634 JIlIIIlIIty or 0lIw
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I 10et1t CIr1i_
03037357 IoolloNll 0 o CIltonlClllly II Dr"mtn,"Y iI
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Form t099-LTC Department of the TreltSUIV -Internal Revenue Service
, Q9j-L TG Jnstructio~S. fal' PaJi.c.y.ho.lder
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478
TOTFL P. 01
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
PO BOX Z80601
HARRISBURG, PA 171Z8-0601
NOTICE OF INHERITANCE TAX
APPRAISEHENT. ALLOWANCE OR DISALLOWANCE
OF DEDUCTIONS AND ASSESSHENT OF TAX
PNC BANK NA
C/O CARRIE VOGELSONG
PO BOX 308
CAMP HILL PA 17001
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
11-15-2004
ULMER
12-04-2003
21 04-0214
CUMBERLAND
101
'*
REV-1547 EX AFP [09-04)
DAVID
C
Allount Rellitted
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE. PA 17013
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~
REV=is4-j-i3f-iFP-COY:03Y-NoYici--OF-YNHirfifAifcE-i'-A'i-APPR'A-isiifENT-:--iii-oWANCE-cfli------------- ----
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF ULMER DAVID C FILE NO. 21 04-0214 ACN 101 DATE 11-15-2004
TAX RETURN WAS: ) ACCEPTED AS FILED ( X) CHANGED SEE ATTACHED NOTICE
NOTE: If an assessment was issued previously, lines 14, 15 and/or 16, 17, 18 and 19 will
reflect figures that include the total of ALL returns assessed to date.
ASSESSMENT OF TAX:
15. Allount of Line 14 at Spousal rate (15)
1&. Allount of Line 14 taxable at Lineal/Class A rate (1&)
17. Allount of Line 14 at Sibling rate (17)
18. Allount of Line 14 taxable at Collateral/Class B rate (18)
19. Principal Tax Due
TAX CREDITS.
201. 224.34 X 00 = .00
554.809.93 X 045 = 24.966.45
.00 X 12 = .00
.00 X 15 = .00
(19)= 24.966.45
RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE
APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN
1. Real Estate (Schedule A)
2. Stocks and Bonds (Schedule B)
3. Closely Held Stock/Partnership Interest (Schedule C)
4. Hortgages/Notes Receivable (Schedule D)
S. Cash/Bank Deposits/Hisc. Personal Property (Schedule E)
&. Jointly Owned Property (Schedule F)
7. Transfers (Schedule G)
8. Total Assets
(1)
(2)
(3)
(4)
(5)
(&)
(7)
.00
.00
.00
.00
27.552.67
.00
750,263.86
(8)
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. Funeral Expenses/Adll. Costs/Hisc. Expenses (Schedule H)
10. Debts/Hortgage Liabilities/Liens (Schedule I)
11. Total Deductions
12. Net Value of Tax Return
13. Charitable/Governllental Bequests; Non-elected 9113 Trusts (Schedule J)
14. Net Value of Estate Subject to Tax
(9)
(10)
13.747.50
2.430.62
(11)
(12)
(13)
(14)
NOTE: To insure proper
credit to your account.
subllit the upper portion
of this forll with your
tax paYllent.
777.816.53
16.178 12
761.638.41
5.604.14
756.034.27
.
-. T+T AHOUNT PAID
DATE NUHBER INTEREST/PEN PAID (-)
03-03-2004 ~03631 1.248.32 24.700.00
L.
- ~
...- TOTAL TAX CREDIT 25.948.32
BALANCE OF TAX DUE 981.87CR
INTEREST AND PEN. .00
s::- TOTAL DUE 981.87CR
., r
-'
. IF PAID AFTER DATE INDICATED. SEE REVERSE
FOR CALCULATION OF ADDITIONAL INTEREST.
( IF TOTAL DUE IS LESS THAN $1. NO PAYHENT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR). YOU HAY BE DUE
A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS.)
RESERVATION: Estates of decedents dying on or before DeceMber 12, 1982 -- if any future interest in the estate is transferred
in possession or enjoyment to Class B (collateral) beneficiaries of the decedent after the expiration of any estate for
life or for years, the ComMonwealth hereby expressly reserves the right to appraise and assess transfer Inheritance Taxes
at the lawful Class B (collateral) rate on any such future interest.
PURPOSE OF
NOTICE:
PAYMENT:
REFUND (CR):
OBJECTIONS:
To fulfill the requirements of Section 2140 of the Inheritance and Estate Tax Act, Act 23 of 2000_ (72 P.S.
Section 9140).
Detach the top portion of this Notice and submit with your payment to the Register of Wills printed on the reverse side.
--Make check or money order payable to: REGISTER OF HILLS. AGENT
A refund of a tax credit, which was not requested on the Tax Return, May be requested by completing an
"Application for Refund of Pennsylvania Inheritance and Estate Tax" (REV-1313). Applications are available
online at www.revenue.state.pa.us. any Register of Wills or Revenue District Office, or from the Department.s
24-hour answering service for forms orders: 1-800-362-2050; services for taxpayers with special hearing and/or
speaking needs: 1-800-447-3020 (TT only).
Any party in interest not satisfied with the appraisment, allowance or disallowance of deductions or assessMent of tax
(including discount or interest) as shown on this Notice may object within 60 days of the date of receipt of this notice
by filing one of the fOllowing:
A) Protest to the PA DepartMent of Revenue, Board of Appeals. You May object by filing a protest online at
www.boardofappeals.state.pa.us on or before the expiration of the sixty-day appeal period. In order for
an electronic protest to be valid, you Must receive a confirMation number and processed date froM the
Board of Appeals website. You may also send a written protest to PA Department of Revenue, Board of Appeals
P.O. Box 281021, Harrisburg, PA 17128-1021. Petitions may not be faxed.
B) Election to have the Matter determined at the audit of the account of the personal representative.
C) Appeal to the Orphans' Court.
ADMIN-
ISTRATIVE
CORRECTIONS: Factual errors discovered on this assessment should be addressed in writing to: PA Department of Revenue,
Bureau of Individual Taxes, ATTN: Post Assessment Review Unit, P.O. Box 280601, Harrisburg, PA 17128-0601
Phone (717) 787-6505. See page 5 of the booklet "Instructions for Inheritance Tax Return for a Resident
Decedent" (REV-1501) for an explanation of administratively correctable errors.
DISCOUNT:
PENALTY:
INTEREST:
If any tax due is paid within three (3) calendar months after the decedent.s death, a five percent (5Z) discount of
the tax paid is allowed.
The 15Z tax amnesty non-participation penalty is computed on the total of the tax and interest assessed, and not
paid before January 18, 1996, the first day after the end of the tax amnesty period. This non-participation
penalty is appealable in the same Manner and in the the saMe tiMe period as you would appeal the tax and interest
that has been assessed as indicated on this notice.
Interest is charged beginning with first day of delinquency, or nine (9) Months and one (1) day froM the date of
death, to the date of payment. Taxes which became delinquent before January 1, 1982 bear interest at the rate of
six (6Z) percent per annum calculated at a dailY rate of .000164. All taxes which became delinquent on and after
January 1, 1982 will bear interest at a rate which will vary froM calendar year to calendar year with that rate
announced by the PA Department of Revenue. The applicable interest rates for 1982 through 2004 are:
Interest Daily Interest DailY Interest
Rate Factor Year Rate Factor Year Rate
~:D'il'iim mll-1991 ~:Dil"ii!OT ml. -,r-
16Z .000438 1992 9Z .000247 2002 6Z
llZ .000301 1993-1994 7Z .000192 2003 5Z
13Z .000356 1995-1998 9Z .000247 2004 4Z
10Z .000274 1999 7Z .000192
10Z .000274 2000 7Z .000192
Year
~
1983
1984
1985
1986
1987
Daily
Factor
.1iD1mr
.000164
.000137
.000llO
--Interest is calculated as follows:
INTEREST = BALANCE OF TAX UNPAID X NU"BER OF DAYS DELINQUENT X DAILY INTEREST FACTOR
--Any Notice issued after the tax becoMes delinquent will reflect an interest calculation to fifteen (15) days
beyond the date of the assessMent. If payment is made after the interest computation date shown on the
Notice, additional interest must be calculated.
,
REV.1~7(l EX (6-88) '*
INHERITANCE TAX
EXPLANATION
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE OF CHANGES
BUREAU OF INDIVIDUAL TAXES
PO Box. 280601
HARRISBURG PA 17128-0601
DECEDENT'S NAME FILE NUMBER
David C. Ulmer 2104-0214
REVIEWED BY ACN
Bill Lyons 101
SCHEDULE ITEM EXPLANATION OF CHANGES
NO.
The value of the surviving spouse's interest is calculated to be $201,224.34 based upon
the 4.2% Table.
ROW
Page 1
BUREAU OF INOMD,llM,~l~~l!':cr~ r,C
INHERITANCE TAX 'i~t.suJiiL/,.) i"..: ' !U_ '_!i
PO BOX 280601 ~-,r('.::'" - ", (,. i {I
HARRISBURG7 PA 171~~?:O:60l' _ ~
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
INHERITANCE TAX
STATEMENT OF ACCOUNT
*'
REV-li07 EX AFP [09-041
CLEFr\ 0:
ORP'f"I.\\]'::;
PNC ~tj""!fl\
C/O CARRIE VOGELSONG
PO BOX 308
CAMP HILL PA 17001
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
12-20-2004
ULMER
12-04-2003
21 04-0214
CUMBERLAND
101
DAVID
C
?OW; I"! 1 h F',"'.. 3.,: 39
<o.-~.." 'J ..... ,. 1.',. __
Allount Rellitted
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
CUM8ERLAND CO COURT HOUSE
CARLISLE, PA 17013
NOTE: To insure proper credit to your account~ submit the upper portion of this for.. with your tax payment.
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~
fttv:r&ll.,.!r..(w.rGl':.iI'~l........ii.."fAmM!'tXI:Jer"l'Ar.nAYlllm.W.At:'l!'&1FlY..........................
ESTATE OF ULMER DAVID C FILE NO.21 04-0214 ACN 101 DATE 12-20-2004
THIS STATEMENT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NAMED ESTATE. SHOWN BELOW
IS A SU""ARY OF THE PRINCIPAL TAX DUE} APPLICATION OF ALL PAYMENTS I THE CURRENT BALANCE} AND, IF APPLICABLE~
A PRO~ECTED INTEREST FIGURE.
DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 11~08-2004
PRINCIPAL TAX DUE:,
24,966.45
PAYMENTS (TAX CREDITS):
PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID
DATE NUMBER INTEREST/PEN PAID (-)
03-03-2004 CD003631 1,248.32 .~ 24,700.00
11-30-2004 REFUND .00 981.87-
TOTAL TAX CREDIT 24,966.45
BALANCE OF TAX DUE .00
INTEREST AND PEN. .00
. IF PAID AFTER THIS DATE, SEE REVERSE TOTAL DUE .00
SIDE FOR CALCULATION OF ADDITIONAL INTEREST.
( IF TOTAL DUE IS LESS THAN $1,
NO PAYMENT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A "CREDIT'. (CR),
YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. )
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o PNCBAN<
COURT OF COMMON PLEAS OF CUMBERLAND COUNTY PA
ORPHANS' COURT DIVISION
NO.
AGREEMENT OF TRUST OF DAVID C ULMER SETTLOR
DATED 11/26/01 AS AMENDED 12/06/01
TRUST FOR ANNE D ULMER
FIRST AND FINAL ACCOUNT OF PNC BANK, NATIONAL ASSOCIATION
AND CHARLES D ULMER TRUSTEES
AND PROPOSED SCHEDULE OF DISTRIBUTION
ACCOUNTING DECEMBER 6 2001 TO AUGUST 16 2006
PURPOSE OF ACCOUNT: THE TRUSTEES OFFER THIS ACCOUNT TO ACQUAINT
INTERESTED PARTIES WITH THE TRANSACTIONS THAT HAVE OCCURRED DURING
THEIR ADMINISTRATION OF THE TRUST.
IT IS IMPORTANT THAT THE ACCOUNT BE CAREFULLY EXAMINED. REQUESTS
FOR ADDITIONAL INFORMATION OR QUESTIONS OR OBJECTIONS CAN BE
DISCUSSED WITH:
PNC BANK, NATIONAL ASSOCIATION
C/O LINDA J LUNDBERG
ASSISTANT VICE PRESIDENT
POBOX 308
CAMP HILL, PA 17001
TELEPHONE (717) 730-2265
DOUGLAS C YOHE ESQUIRE
ATTORNEY I.D. 142982
LATSHA DAVIS YOHE 8 MCKENNA PC
1700 BENT CREEK BLVD
SUITE 140
MECHANICSBURG, PA 17050
TELEPHONE (717) 620-2424
,. '['J
" ; I "r' :'. .- . 'i l~ 1
va ',j' "-' , "L, j. .
lLJI-\(V' C" 1\!'""Ud'\:lO
C l"-./.J ~,l'lj/ll
jO >\tEIl8
\ 0 :21 ~~d 9 - d3S SODl
- 1 -
TRSN01 (10/02)
..-
J(Y~j') (, ~I"\:'-;'(--'('~~~" J,
..JV\-iJ\.J \J_j'-'...,j.....v...!-
DAVID ULMER/ANNE
PRINCIPAL
RECEIPTS
NET GAIN/LOSS ON CONVERSIONS
ADJUSTED BALANCE
LESS DISBURSEMENTS
BALANCE BEFORE DISTRIBUTIONS
DISTRIBUTIONS TO BENEFICIARIES
PRINCIPAL BALANCE ON HAND
INVESTMENTS MADE
CHANGES IN INVESTMENT HOLDINGS
INCOME
RECEIPTS
LESS DISBURSEMENTS
BALANCE BEFORE DISTRIBUTIONS
DISTRIBUTIONS TO BENEFICIARIES
INCOME BALANCE ON HAND
COMBINED BALANCES REMAINING
o PNCBAN<
27-27-001-3908067
SUMMARY AND INDEX
~
3 - 7
8 - 9
843,441.81
37,290.99
880,732.80
58,518.57-
822,214.23
146,306.85-
675,907.38
10 - 11
12 - 12
13 - 13
14 - 14
15 22
23 - 24
89,133.55
60,471. 67-
28,661.88
.00
28,661.88
704,569.26
25 - 25
- 2 -
TRSN01 (10/02)
PNC ADVISORS
o PNCBAN<
DAVID ULMER/ANNE 27-27-001-3908067
RECEIPTS OF PRINCIPAL
DAVID ULMER
IN ACCORDANCE WITH AMENDED DEED
OF TRUST DATED 12/06/01
12/06/01 VANGUARD TAX EXEMPT MM FD
PROCEEDS CASH 60,618.08
12/06/01 VANGUARD PRIME MM
PROCEEDS CASH 160,459.35
12/06/01 408 SHS ADAMS EXPRESS CO COMMON 5,801.76
12/06/01 60 SHS DUQUESNE LI GHT COMPANY 4Y. CUM PFD 1,620.00
12/06/01 80 SHS DUQUESNE LI GHT COMPANY PFD 4.10Y. 2,198.40
12/06/01 40 SHS DUQUESNE LIGHT COMPANY PFD 4.15Y. 1,058.00
12/06/01 3,868.987 UTS VANGUARD/WELLINGTON FUND INC FD 121 108,215.57
12/06/01 3,176.712 UTS VANGUARD BOND INDEX FUND INC FD 184 32,148.33
12/06/01 7,396.209 UTS VANGUARD/WINDSOR FUND 122 114,567.28
12/06/01 1,966.247 UTS VANGUARD FIXED INCOME SECURITIES
FUND INC GNMA PORTFOLIO FD 136 20,389.98
12/06/01 3,379.038 UTS VANGUARD PA TAX FREE FD INSURED
LONG-TERM PORTFOLIO FUND 177 37,845.23
12/06/01 1, 196 .182 SHS VANGUARD MUNICIPAL BOND FUND
LIMITED TERM PORTFOLIO FUND 131 12,966.61
ADDITIONS TO TRUST
DAVID ULMER
------------------
12/31/01 160.695 UTS VANGUARD/WELLINGTON FUND INC FD 121 4,349.27
1/03/02 97.847 UTS VANGUARD BOND INDEX FUND INC FD 184 988.25
1/03/02 96.061 UTS VANGUARD FIXED INCOME SECURITIES
FUND INC GNMA PORTFOLIO FD 136 992.31
1/09/02 ADAMS EXPRESS CO COMMON
PROCEEDS RE SALE OF
FRACTIONAL SHARES 3.73
1/14/02 12,168 SHS ADAMS EXPRESS CO COMMON 1. 00
ADAMS EXPRESS CO COMMON
CAPITAL GAINS DISTRIBUTIONS
3/01/02 377.28
3/01/02 377.28
3/11/02 98.79
12/27/02 7,043.10
12/29/03 6,480.00
TRSN02(10/02J
- 3 -
DAVID ULMER/ANNE
3/27/02
4/11/02
5/09/02
5/13/02
3/10/03
3/1 0/03
9/05/03
10/01/03
12/29/03
3/01/04
3/01/04
12/27/04
12/27/04
3/01/05
3/01/06
PNC ADVISORS
RECEIPTS OF PRINCIPAL
480.00
120.00
120.00
7,560.00
120.00
120.00
600.00
ADAMS EXPRESS CO COMMON
PROCEEDS RE SALE OF
FRACTIONAL SHARES
1,234 SHS ADAMS EXPRESS CO COMMON
PNC BANK NATIONAL ASSOCIATION
PROCEEDS CHECKING ACCOUNT
CIA 5070072862
PNC BANK NATIONAL ASSOCIATION
PROCEEDS SAVINGS ACCOUNT
#5030099702
40.723 SHS ADAMS EXPRESS CO COMMON
27.148 SHS ADAMS EXPRESS CO COMMON
TRANSFER FROM INCOME
VANGUARD/WELLINGTON FUND INC FD #21
DIVIDEND
VANGUARD
DIVIDEND
10/01/03
11/03/03
12/01/03
1/02/04
2/02/04
VANGUARD
FUND INC
DIVIDEND
10/01/03
11/03/03
12/01/03
1/02/04
2/02/04
BOND INDEX FUND INC FD #84
115.58
131. 51
123.81
132.99
127.84
FIXED INCOME SECURITIES
GNMA PORTFOLIO FD #36
71.36
83.44
86.82
87.98
86.57
VANGUARD PA TAX FREE FD INSURED
LONG-TERM PORTFOLIO FUND #77
DIVIDEND
10/01/03
11/03/03
12/01/03
330.22
343.37
333.68
- 4 -
o PNCBAN<
27-27-001-3908067
23,496.45
2.10
17 , 541. 31
11,000.00
3,622.37
414.30
276.20
17,682.95
765.64
631.73
422.17
TRSNOZlIO/OZ)
--.--- - --.--- - -.--...- ---.------- -.-
PNC ADVISORS
DAVID ULMER/ANNE
RECEIPTS OF PRINCIPAL
352.27
352.82
1/02/04
2/02104
VANGUARD MUNICIPAL BOND FUND
LIMITED TERM PORTFOLIO FUND 131
DIVIDEND
10/01/03
11/03/03
12/01/03
1/02/04
2/02/04
419.28
429.44
414.70
429.27
423.63
BLACKROCK MONEY MARKET
INSTITUTIONAL CLASS FD 101
INCOME
10/01/03
10/01/03
11/03/03
12/01/03
1/02/04
2/02/04
2.49
40.65
44.12
38.06
31.76
19.09
12/23/03
VANGUARD/WELLINGTON FUND INC FD 121
DIVIDEND
VANGUARD/WINDSOR FUND 122
DIVIDEND
ADAMS EXPRESS CO COMMON
DIVIDEND
UNUM PROVIDENT
REFUND LONG TERM CARE BENEFITS
TRANSFER FROM INCOME
1/2 TRUSTEE FEE FROM D/O/D
HIGHMARK BS PRESCRIPTION
REIMBURSEMENT
UNUM PROVIDENT
REFUND LONG TERM CARE INSURANCE
HIGHMARK BS PRESCRIPTION
REFUND
COMMONWEALTH OF PA
REFUND OF OVERPAYMENT RE
PENNA INHERITANCE TAX
VANGUARD/WINDSOR FUND 122
LONG TERM CAPITAL GAINS
DISTRIBUTION
12/23/03
12/29/03
1/26/04
2/17/04
4/13/04
4/13/04
5/04/04
12/21/04
12/21/04
- 5 -
o PNCBAN<
27-27-001-3908067
1,712.36
2,116.32
176.17
866.38
628.68
600.00
19,872.00
630.75
1,352.11
4,327.35
147.65
981. 87
650.87
TRSN02 (101021
------ ----------------------------
PNC ADVISORS
o PNCBAN<
DAVID ULMER/ANNE 27-27-001-3908067
RECEIPTS OF PRINCIPAL
12/28/04 VANGUARD/WELLINGTON FUND INC FD 121
LONG TERM CAPITAL GAINS
DISTRIBUTION 3,638.80
12/28/04 VANGUARD/WELLINGTON FUND INC FD 121
SHORT TERM CAPITAL GAINS
DISTRIBUTION 24.18
1/10/05 TRANSFER FROM INCOME 16,383.29
12/20/05 VANGUARD/WINDSOR FUND 122
SHORT TERM CAPITAL GAINS
DISTRIBUTION 1,471.85
12/20/05 VANGUARD/WINDSOR FUND 122
LONG TERM CAPITAL GAINS
DISTRIBUTION 10,058.84
12/30/05 VANGUARD/WELLINGTON FUND INC FD 121
LONG TERM CAPITAL GAINS
DISTRIBUTION 3,662.98
12/30/05 VANGUARD/WELLINGTON FUND INC FD 121
SHORT TERM CAPITAL GAINS
DISTRIBUTION 261.93
12/04/03 REVALUATION OF
SECURITIES PER EXHIBIT 1 132,574.96
CAPITAL GAIN DISTRIBUTIONS
REINVESTED
--------------------------
1/18/02 2.238 UTS VANGUARD PA TAX FREE FD INSURED
LONG-TERM PORTFOLIO FUND 177 25.00
1/18/02 3.418 UTS VANGUARD PA TAX FREE FD INSURED
LONG-TERM PORTFOLIO FUND 177 38.18
1/18/02 6.292 UTS VANGUARD PA TAX FREE FD INSURED
LONG-TERM PORTFOLIO FUND 177 70.28
4/02/02 1.31 UTS VANGUARD BOND INDEX FUND INC FD 184 13.10
4/02/02 0.655 UTS VANGUARD BOND INDEX FUND INC FD 184 6.55
4/09/02 1.637 UTS VANGUARD BOND INDEX FUND INC FD 184 16.37
1/02/03 3.837 UTS VANGUARD FIXED INCOME SECURITIES
FUND INC GNMA PORTFOLIO FD 136 41. 25
1/02/03 0.805 UTS VANGUARD PA TAX FREE FD INSURED
LONG-TERM PORTFOLIO FUND 177 9.40
1/02/03 13.093 UTS VANGUARD PA TAX FREE FD INSURED
LONG-TERM PORTFOLIO FUND 177 152.79
TRSN02 (10102)
- 6 -
--------------------------------------
PNC ADVISORS
o PNCBAN<
DAVID ULMER/ANNE 27-27-001-3908067
RECEIPTS OF PRINCIPAL
1/07/03 24.574 UTS VANGUARD PA TAX FREE FD INSURED
LONG-TERM PORTFOLIO FUND #77 286.78
1/06/04 6.578 UTS VANGUARD PA TAX FREE FD INSURED
LONG-TERM PORTFOLIO FUND #77 77 .16
1/06/04 9.733 UTS VANGUARD PA TAX FREE FD INSURED
LONG-TERM PORTFOLIO FUND #77 114.17
1/07/04 25.373 UTS VANGUARD PA TAX FREE FD INSURED
LONG-TERM PORTFOLIO FUND #77 297.63
4/05/04 4.701 UTS VANGUARD BOND INDEX FUND INC FD #84 49.17
1/05/05 1. 918 UTS VANGUARD BOND INDEX FUND INC FD #84 19.70
4/04/05 0.65 UTS VANGUARD BOND INDEX FUND INC FD 184 6.57
TOTAL PRINCIPAL RECEIPTS 843,441.81
------------
------------
TRSNOZIIO/OZ,
- 7 -
PNC ADVISORS
o PNCBAN<
DAVID ULMER/ANNE
6/12/02
6/12/02
6/12/02
3/10/03
9/02/03
7/01/04
12/16/04
5/04/05
8/31/05
10/27/05
GAINS AND lOSSES ON SALES AND OTHER DISPOSITIONS
GAIN
60 SHS DUQUESNE lIGHT COMPANY 470 CUM PFD
PROCEEDS: 1,556.35
ACQUISITION VALUE: 1.620.00
80 SHS DUQUESNE lIGHT COMPANY PFD 4.1070
PROCEEDS:
ACQUISITION VALUE:
2,075.13
2.198.40
40 SHS DUQUESNE lIGHT COMPANY PFD 4.1570
PROCEEDS:
ACQUISITION VALUE:
1,037.56
1.058.00
0.871 SHS ADAMS EXPRESS CO COMMON
PROCEEDS:
ACQUISITION VALUE:
8.78
1.51
7.21
1,877 SHS ADAMS EXPRESS CO COMMON
PROCEEDS:
ACQUISITION VALUE:
22,260.17
3.250.71
19,009.46
7,915.586 UTS VANGUARD PA TAX FREE FD INSURED
lONG-TERM PORTFOLIO FUND 177
PROCEEDS:
ACQUISITION VALUE:
89,841.90
92.219.92
30,000 PAR USA TREASURY BILLS
DUE 12/16/04
PROCEEDS:
ACQUISITION VALUE:
29,794.05
29.794.05
.00
2,818.27 UTS SCUDDER SHORT TERM MUNICIPAL
BOND INVESTMENT FUND 1819
PROCEEDS: 28,971.82
ACQUISITION VALUE: 29.000.00
20,000 PAR USA TREASURY NOTES
270 DUE 08/31/05
PROCEEDS: 20,000.00
ACQUISITION VALUE: 19.989.84
50,000 PAR USA TREASURY BIllS
DATED 4/28/05 DUE 10/27/05
10.16
PROCEEDS:
ACQUISITION VALUE:
49,263.52
49.263.52
.00
- 8 -
27-27-001-3908067
lOSS
63.65-
123.27-
20.44-
2,378.02-
28.18-
TRSN02C10/0Z}
--------------- --------------~-- -------
PNC ADVISORS
o PNCBAN<
DAVID ULMER/ANNE
27-27-001-3908067
GAINS AND LOSSES ON SALES AND OTHER DISPOSITIONS
GAIN
LOSS
10/31/05
10,000 PAR USA TREASURY NOTES
1.625Y. DUE 10/31/05
PROCEEDS: 10,000.00
ACQUISITION VALUE: 9.932.42 67.58
7/25/06 4,029.682 UTS VANGUARD/WELLINGTON FUND INC FD 121
PROCEEDS: 125,323.11
ACQUISITION VALUE: 113.113.17 12,209.94
7/25/06 3,285.43 UTS VANGUARD BOND INDEX FUND INC FD 184
PROCEEDS: 32,131.51
ACQUISITION VALUE: 33.643.81 1,512.30-
7/25/06 7,396.209 UTS VANGUARD/WINDSOR FUND 122
PROCEEDS: 128,546.11
ACQUISITION VALUE: 117.081.99 11,464.12
7/25/06 2,066.145 UTS VANGUARD FIXED INCOME SECURITIES
FUND INC GNMA PORTFOLIO FD 136
PROCEEDS:
ACQUISITION VALUE:
20,661.45
21.611.88
950.43-
7/27/06
15,486.262 SHS VANGUARD MUNICIPAL BOND FUND
LIMITED TERM PORTFOLIO FUND 131
PROCEEDS: 164,773.83
ACQUISITION VALUE: 170.813.47
9,550 SHS ADAMS EXPRESS CO COMMON
6.039.64-
7/25/06
PROCEEDS:
ACQUISITION VALUE:
121, 479.89
115.841. 50
5.638.39
48,406.92
11.115.93-
37,290.99
TOTAL GAINS AND LOSSES
LESS LOSS
NET GAl N
11,115.93-
----------
----------
TRSN02(0102)
- 9 -
PNC ADVISORS
DAVID ULMER/ANNE
DISBURSEMENTS OF PRINCIPAL
TRANSFER TO INCOME
TRANSFER TO INCOME
ACCRUED INCOME FROM D/O/D
REGISTER OF WILLS
PENNA INHERITANCE TAX
LINDA LUNDBERG
REIMBURSE FILING
PENNA INHERITANCE TAX
TRANSFER TO INCOME
1/18/02
2/13/04
3/03/04
9/08/04
1/13/05
TRUSTEE'S COMPENSATION
PNC BANK NATIONAL ASSOCIATION
COMPENSATION BASED ON PRINCIPAL
MARKET VALUE
9/09/03
10/07103
11/07/03
12109/03
1/07/04
2/09/04
3/09/04
4/07/04
5/07/04
6/08/04
7/07/04
8/09/04
9/08/04
10/07/04
11/09/04
12/07/04
1/07/05
2/09/05
3/08/05
4/07/05
5/09/05
6/07/05
7/07105
8/09/05
9/07/05
10/07/05
11/08/05
12/07/05
1/09/06
2/07/06
3/07/06
4/07/06
5/09/06
6/08/06
7/07/06
8/08/06
562.43-
566.35-
568.94-
556.55-
633.74-
627.76-
309.23-
305.52-
301.80-
300.09-
302.94-
298.79-
304.56-
307.84-
313.39-
313.35-
299.21-
332.72-
336.21-
329.92-
328.81-
332.50-
333.28-
336.23-
337.03-
332.90-
335.03-
336.98-
343.89-
326.61-
329.71-
333.64-
335.47-
327.59-
327.65-
326.17-
- 10 -
o PNCBAN<
27-27-001-3908067
316.37-
2,807.81-
24,700.00-
10.00-
378.00-
13,194.83-
TASN021101021
PNC ADVISORS
DAVID ULMER/ANNE
DISBURSEMENTS OF PRINCIPAL
CHARLES D ULMER
TRUSTEES COMPENSATION
1/09/04
1/04/05
1/10/06
8/16/06
INTERNAL REVENUE SERVICE
FIDUCIARV INCOME TAX ON
CAPITAL GAINS
BALANCE AND INSTALLMENT
4/12/04
4/11/05
4/11/05
1/10/06
4/11/06
PENNA DEPARTMENT OF REVENUE
FIDUCIARV INCOME TAX ON
CAPITAL GAINS
BALANCE AND INSTALLMENT
8/13/04
6/09/05
1/10/06
4/11/06
1,892.62-
1,920.04-
1,802.66-
1,378.10-
PAVMENTS
742.00-
1,180.00-
18.00-
4.00-
2,806.00-
PAVMENTS
351.36
1. 00-
1.00-
681. 00-
VOHE & MCKENNA PC
LEGAL SERVICES
8/16/06
LATSHA DAVIS
PROFESSIONAL
2/26/04
3/19/04
4/30/04
10/04/04
10/26/04
8/16/06
REGISTER OF WILLS
RESERVE RE ACCOUNT FILING
940.50-
36.00-
266.00-
546.00-
168.00-
2,500.00-
TOTAL PRINCIPAL DISBURSEMENTS
- 11 -
o PNCBAN<
27-27-001-3908067
6,993.42-
4,750.00-
331.64-
4,456.50-
580.00-
58,518.57-
------------
------------
TRSN021101021
DAVID ULMER/ANNE
PNC ADVISORS
DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES
DAVID CULMER
CASH DISTRIBUTED
10/27/03
11/21/03
ANNE D ULMER
CASH DISTRIBUTED
2/04/02
12129/03
1/07/04
1/04/05
1/10/06
TOTAL PRINCIPAL DISTRIBUTIONS
- 12 -
6,000.00-
18,000.00-
10,000.00-
5,000.00-
32,852.56-
38,400.99-
36,053.30-
o PNCBAN<
27-27-001-3908067
24,000.00-
122,306.85-
24,000.00-
122,306.85-
146,306.85-
----------
----------
TRSN02(10/02)
- --- -~----~------------------------
PNC ADVISORS
DAVID ULMER/ANNE
PRINCIPAL BALANCE ON HAND
COMMON STOCKS
2,450 SHS ADAMS EXPRESS CO COMMON
INVESTED CASH
TOTAL PRINCIPAL
- 13 -
o PNCBAN<
27-27-001-3908067
VALUE
8/16/06
32,046.00
646,188.88
678,234.88
ACQUISITION
VALUE
29,718.50
646,188.88
675,907.38
------------ ------------
------------ ------------
TRSN02110/021
PNC ADVISORS
o PNCBAN<
DAVID ULMER/ANNE 27-27-001-3908067
PRINCIPAL INFORMATION SCHEDULES - INVESTMENTS MADE
2/01/02 9,157.509 SHS VANGUARD MUNICIPAL BOND FUND
LIMITED TERM PORTFOLIO FUND #31 100,000.00
5/17/02 4,444.444 UTS VANGUARD PA TAX FREE FD INSURED
LONG-TERM PORTFOLIO FUND #77 50,000.00
3/14/03 3,136.201 SHS VANGUARD MUNICIPAL BOND FUND
LIMITED TERM PORTFOLIO FUND #31 35,000.00
9/02/03 1,996.37 SHS VANGUARD MUNICIPAL BOND FUND
LIMITED TERM PORTFOLIO FUND #31 22,000.00
7/08/04 2,818.27 UTS SCUDDER SHORT TERM MUNICIPAL
BOND INVESTMENT FUND #819 29,000.00
7/08/04 30,000 PAR USA TREASURY BILLS
DUE 12/16/04 29,794.05
7/08/04 20,000 PAR USA TREASURY NOTES
2Y. DUE 08/31/05 19,989.84
7/08/04 10,000 PAR USA TREASURY NOTES
1.625Y. DUE 10/31/05 9,932.42
5/06/05 50,000 PAR USA TREASURY BILLS
DATED 4/28/05 DUE 10/27/05 49,263.52
TRSN02<< 1 0/02)
- 14 -
-------------------.----- ------....--- -----------
PNC ADVISORS
o PNCBAN<
DAVID ULMER/ANNE
27-27-001-3908067
RECEIPTS OF INCOME
TRSN02 (10/02)
- 15 -
RECEIPTS OF INCOME
OTHER INCOME
SCUDDER SHORT TERM MUNICIPAL
BOND INVESTMENT FUND 1819
7/28/04
8/27/04
9/28/04
10/27/04
11/26/04
1/04/05
1/27/05
2/25/05
3/30/05
4/27/05
5/05/05
VANGUARD/WELLINGTON FUND
3/26/02
6/25/02
10/01/02
12/24/02
4/01/03
6/24/03
3/30/04
6/29/04
9/28/04
12/28/04
3/28/05
6/28/05
9/27/05
12/30/05
3/28/06
6/27/06
PNC ADVISORS
DAVID ULMER/ANNE
VANGUARD BOND INDEX FUND
1/17/02
2/12/02
3/01/02
4/01102
5/01/02
6/03/02
7/01102
8/01102
9/03/02
10/01/02
11/01/02
12/02/02
1/02/03
2/03/03
3/03/03
4/01/03
5/01/03
6/02/03
7/01/03
8/01103
9/02/03
3/01/04
- 16 -
42.21
66.61
72.91
57.53
59.45
72.50
47.63
61.85
68.51
62.99
15.29
INC FD 121
805.94
846.23
846.23
886.53
725.34
725.34
725.34
846.23
846.23
1, 108 .16
805.94
846.23
846.23
1,128.31
846.23
1,007.42
INC FD 184
32.22
163.53
152.86
163.39
161. 25
166.81
161.80
160.62
158.37
152.99
152.68
139.45
135.86
148.67
138.53
153.34
131. 33
131.59
149.94
127.37
71.82
120.71
o PNCBAN<
27-27-001-3908067
627.48
13,841.93
TRSN02UO/02_
DAVID ULMER/ANNE
PNC ADVISORS
RECEIPTS OF INCOME
CONTINUED: VANGUARD BOND INDEX FUND INC FD 184
4/05/04
5/03/04
6/01/04
7/01/04
8/02/04
9/02/04
10/04/04
11/01/04
12/01/04
1/04/05
2/01/05
3/01/05
4/01/05
5/02/05
6/01/05
7/01/05
8/01/05
9/01/05
10/04/05
11/01/05
12/01/05
1/03/06
2/01/06
3/01/06
4/03/06
5/01/06
6/01/06
7/03/06
7/26/06
VANGUARD/WINDSOR FUND 122
6/25/02
12/24/02
6/24/03
6/29/04
12/21/04
6/28/05
12/20/05
6/27/06
VANGUARD
FUND INC
1/17/02
2/01/02
3/01/02
4/01/02
5/01/02
6/03/02
7/01/02
8/01/02
9/03/02
10/01/02
11/01/02
12/02/02
1/02/03
124.78
119.94
120.44
119.12
121.89
121. 98
120.21
122.11
120.61
123.71
122.20
116.51
124.01
121.44
123.36
120.87
123.96
124.12
121. 96
125.36
124.16
128.36
128.81
123.11
131. 67
129.85
133.81
131. 91
104.32
591.70
665.66
591.70
813 . 58
1,109.43
961.51
998.49
961. 51
FIXED INCOME SECURITIES
GNMA PORTFOLIO FD 136
20.59
106.47
107.28
106.69
107.09
105.69
106.24
101.58
95.12
90.29
93.94
97.45
96.66
- 17 -
o PNCBAN<
27-27-001-3908067
6,649.71
6,693.58
TRSN02 (10/02)
PNC ADVISORS
DAVID ULMER/ANNE
RECEIPTS OF INCOME
CONTINUED: VANGUARD FIXED INCOME SECURITIES
2/03/03
3/03/03
4/01/03
5/01/03
6/02/03
7/01/03
8/01/03
9/02/03
3/01/04
4/05/04
5/03/04
6/01/04
7/01/04
8/02/04
9/02/04
10/04/04
11/01/04
12/01/04
1/04/05
2/01/05
3/01/05
4/01/05
5/02/05
6/01/05
7/01/05
8/01/05
9/01/05
10/04/05
11/01/05
12/01/05
1/03/06
2/01/06
3/01/06
4/03/06
5/01/06
6/01/06
7/03/06
7/26/06
VANGUARD
LONG-TERM
1/18/02
2/04/02
3/01/02
4/01/02
5/01/02
6/03/02
7/01/02
8/01/02
9/03/02
10/01/02
11/01/02
12/02/02
1/02/03
2/03/03
105.62
93.59
92.11
90.25
86.23
85.69
83.65
82.91
87.73
86.12
83.58
81.03
81.68
79.77
84.57
83.28
80.40
81.50
80.87
81. 39
83.15
83.55
83.05
81.82
81.77
80.85
81.79
81. 23
81. 69
85.04
86.82
87.41
88.95
89.05
88.28
89.08
89.73
68.88
PA TAX FREE FD INSURED
PORTFOLIO FUND 177
31.65
162.84
145.30
160.86
154.63
260.14
356.63
362.15
355.29
344.57
358.31
344.03
339.47
344.40
- 18 -
o PNCBAN<
27-27-001-3908067
4,459.20
TRSN02(10/02)
PNC ADVISORS
DAVID ULMER/ANNE
RECEIPTS OF INCOME
CONTINUED: VANGUARD PA TAX FREE FD INSURED
3/03/03
4/01/03
5/01/03
6/02103
7/01/03
8/01103
9/02/03
3/02/04
4/05/04
5/03/04
6/01104
7/01/04
312.59
344.70
334.81
349.36
336.88
346.34
344.24
330.34
353.98
342.66
353.63
341.30
VANGUARD MUNICIPAL BOND FUND
LIMITED TERM PORTFOLIO FUND #31
1/10/02 8.95
2/01/02 46.29
3/01/02 354.01
4/01/02 376.78
5/01/02 364.60
6/03/02 371.20
7/01/02 354.10
8/01/02 355.88
9/03/02 351.15
10/01/02 338.89
11/01/02 343.25
12/02/02 330.06
1/02/03 331.66
2/03/03 330.03
3/03/03 291.74
4/01/03 376.43
5/01/03 393.54
6/02/03 409.95
7/01/03 386.57
8/01/03 385.89
9/02/03 379.57
3/01/04 393.12
4/05/04 418.94
5/03/04 405.59
6/02/04 421.35
7/01/04 401.30
8/02/04 405.59
9/02/04 403.44
10/04/04 398.32
11/01/04 416.08
12/01/04 397.70
1/04/05 414.80
2/01/05 420.03
3/01/05 383.66
4/01/05 427.73
5/02/05 420.40
6/01/05 439.09
7/01/05 423.82
8/01/05 436.62
9/01/05 440.08
- 19 -
o PNCBAN<
27-27-001-3908067
7,811.10
TRSN02 (10/02)
PNC ADVISORS
DAVID ULMER/ANNE
RECEIPTS OF INCOME
CONTINUED: VANGUARD MUNICIPAL BOND FUND
10/04/05
11/01/05
12/01/05
1/03/06
2/01/06
3/01/06
4/03/06
5/01/06
6/01/06
7/03/06
7/26/06
BLACKROCK MONEY MARKET
INSTITUTIONAL CLASS FD 101
1/02/02
2/01/02
2/01/02
3/01/02
3/01/02
4/01/02
4/01/02
5/01/02
5/01/02
6/03/02
6/03/02
7/01/02
7/01/02
8/01/02
8/01/02
9/03/02
9/03/02
10/01/02
10/01/02
11/01/02
11/01/02
12/02/02
12/02/02
1/02/03
1/02/03
2/03/03
2/03/03
3/03/03
3/03/03
4/01/03
4/01/03
5/02/03
5/02/03
6/02/03
6/02/03
7/01/03
7/01/03
8/01/03
8/01/03
9/02/03
9/02/03
- 20 -
416.90
426.53
413.51
433. 16
438.45
400.06
448.75
438.34
457.22
450.16
359.90
46.73
.03
351.90
.28
168.76
1.27
168.40
3.02
164.65
3.37
149.07
5.36
109.01
7.91
110.60
8.09
105.30
9.35
99.36
11. 32
101. 59
10.60
91. 36
10.57
84.88
11.01
85.08
8.37
69.25
9.35
60.24
9.63
41. 46
9.89
41.02
10.64
39.81
11.01
37.08
10.73
35.33
o PNCBAN<
27-27-001-3908067
19,431.18
TRSN02 (10/02)
PNC ADVISORS
DAVID ULMER/ANNE
RECEIPTS OF INCOME
CONTINUED: BLACKROCK MONEY MARKET
3/03/04
3/03/04
4/01/04
4/01104
5/03/04
5/03/04
6/01/04
6/01/04
7/01/04
7/01104
BLACKROCK LIQUIDITY FUNDS
ADMINISTRATION SHARES IHl
7/01/04
7/01/04
8/02/04
8/02/04
9/01/04
9/01/04
10/01/04
10/01/04
11/01/04
11/01/04
12/01/04
12/01/04
1103/05
1/03/05
2/01/05
2/01105
3/01/05
3/01/05
4/01105
4/01105
5/02/05
5/02/05
6/01/05
6/01/05
7/01/05
7/01/05
8/01105
8/01/05
9/01105
9/01/05
10/03/05
10/03/05
11/01/05
11/01/05
12/01/05
12/01/05
1/03/06
1103/06
2/01/06
2/01/06
3/01/06
3/01/06
- 21 -
.58
22.31
2.02
8.11
2.61
7.73
3.07
8.97
2.57
5.86
TEMP FUND
1.60
3.52
7.74
31.48
9.25
15.73
11.47
16.96
14.27
17 .91
16.25
18.76
21.61
50.83
9.37
56.31
.85
54.72
3.25
63.76
5.50
63.66
7.28
42.01
9.57
20.04
15.50
21.13
17.58
21.51
20.84
76.51
26.35
102.76
30.79
269.48
40.76
308.32
75.49
264.06
73.05
207.07
o PNCBAN<
27-27-001-3908067
2,376.51
TRSNOZ (IOf02)
PNC ADVISORS
DAVID ULMER/ANNE
RECEIPTS OF INCOME
CONTINUED: BLACKROCK LIQUIDITY FUNDS TEMPFUND
1/18/02
2/13/04
4/03/06
4/03/06
5/01/06
5/01/06
6/01/06
6/01/06
7/03/06
7/03/06
8/02/06
8/02/06
MISCElLANEOUS
TRANSFER FROM PRINCIPAL
TRANSFER FROM PRINCIPAL
ACCRUED INCOME FROM 0/0/0
TRANSFER FROM PRINCIPAL
TOTAL INCOME
1/13/05
- 22 -
85.06
235.17
88.28
227.30
95.71
236.63
100.23
232.34
118.93
711.30
o PNCBAN<
27-27-001-3908067
4,275.85
316.37
2,807.81
378.00
89,133.55
------------
------------
TRSN02{10/0~'
PNC ADVISORS
DAVID ULMER/ANNE
DISBURSEMENTS OF INCOME
TRANSFER TO PRINCIPAL
TRANSFER TO PRINCIPAL
TRANFER TO PRINCIPAL
9/05/03
2/17/04
1/10/05
TRUSTEE'S COMPENSATION
PNC BANK NATIONAL ASSOCIATION
COMPENSATION BASED ON PRINCIPAL
MARKET VALUE
1/08/02
2/07/02
3/07/02
4/09/02
5/07/02
6/07/02
7/09/02
8/07/02
9/09/02
10/08/02
11/07/02
12/09/02
1/07103
2/07/03
3/07/03
4/08/03
5/07/03
6/09/03
7/08/03
8/07/03
3/09/04
4/07/04
5/07/04
6/08/04
7/07/04
8/09/04
9/08/04
10/07/04
11/09/04
12/07/04
1/07/05
2/09/05
3/08/05
4/07/05
5/09/05
6/07/05
7/07105
8/09/05
9/07/05
10/07/05
11/08/05
12/07105
1/09/06
2/07/06
3/07/06
4/07/06
5/09/06
- 23 -
424.86-
531.77-
550.71-
545.22-
550.38-
554.22-
538.75-
505.76-
519.23-
499.78-
525.93-
518.75-
528.13-
515.32-
511. 05-
519.72-
536.82-
559.75-
556.01-
547.60-
309.24-
305.53-
301.80-
300.09-
302.94-
298.80-
304.57-
307.84-
313.39-
313.35-
299.21-
332.72-
336.22-
329.92-
328.81-
332.51-
333.29-
336.24-
337.03-
332.90-
335.04-
336.99-
343.89-
326.61-
329.72-
333.64-
335.48-
o PNCBAN<
27-27-001-3908067
17,682.95-
630.75-
16,383.29-
TRSN02l10(02)
PNC ADVISORS
DAVID ULMER/ANNE
DISBURSEMENTS OF INCOME
CONTINUED: TRUSTEE'S COMPENSATION
6/08/06
7/07/06
8/08/06
CHARLES D ULMER
TRUSTEES COMPENSATION
2/06/02
2/22/02
3/25/02
4/25/02
5/28/02
6/25/02
7/25/02
8/26/02
9/25/02
10/25/02
11/25/02
12/26/02
1/22/03
INTERNAL REVENUE SERVICE
FIDUCIARY INCOME TAX
BALANCE AND INSTALLMENT
9/09/05
1/10/06
4/11/06
PENNA DEPARTMENT OF REVENUE
FIDUCIARY INCOME TAX
BALANCE AND INSTALLMENT
4/12/04
1/11/05
4/11/05
4/11/05
6/09/05
9/09/05
1/10/06
4/11/06
4/11/06
6/09/06
TOTAL INCOME DISBURSEMENTS
- 24 -
327.60-
327.66-
326.17-
116.79-
116.80-
116.80-
116.80-
116.80-
116.80-
116.80-
116.80-
116.80-
116.80-
116.80-
116.80-
1,739.13-
PAYMENTS
54.00-
173.00-
887.00-
PAYMENTS
198.00-
360.00-
152.00-
61. 00-
120.00-
134.00-
90.00-
130.00-
28.00-
28.00-
o PNCBAN<
27-27-001-3908067
20,218.96-
3,140.72-
1,114.00-
1,301.00-
60,471. 67-
----------
----------
TRSN02110/02>
--- - -------------------
PNC ADVISORS
o PNCBAN<
DAVID ULMER/ANNE
27-27-001-3908067
BALANCE OF INCOME ON HAND
VALUE
8/16/06
ACQUISITION
VALUE
INVESTED CASH
TOTAL INCOME
28,661.88
28,661.88
28,661.88
28,661.88
------------ ------------
------------ ------------
TRSN02 (10(02)
- 25 -
PNC ADVISORS
o PNCBAN<
27-27-001-3908067
AGREEMENT OF TRUST OF DAVID C ULMER SETTLOR
DATED 11/26/01 AS AMENDED 12/06/01
TRUST FOR ANNE D ULMER
TRUSTEES
TRSN0200/021
- 26 -
PNC ADVISORS
o PNCBAN<
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
SS
LINDA J LUNDBERG BEING DULY
AFFIRMED ACCORDING TO LAW DEPOSES AND SAYS THAT SHE IS AN
ASSISTANT VICE PRESIDENT OF PNC BANK, NATIONAL ASSOCIATION,
ONE OF THE ACCOUNTANTS NAMED IN THE FOREGOING ACCOUNT AND THAT
THE SAID ACCOUNT IS JUST AND TRUE TO THE BEST OF HER KNOWLEDGE
AND BELIEF
AFFIRMED AND
BEFoR~ ME THIS
OF /~:tL/C J-..
I HEREBY CERTIFY THAT I AM
NOT A DIRECTOR DR OFFICER
OF PNC BANK, NATIONAL ASSOCIATION
SUBSCRIBED TO
,-;;jSft
2D~
DAY
, .
:~~~
'- ~
-- -
-",,/'
-. -t; MMONWEALTd UfO PENNS
. Notarial Seal /
De ~ C. Sullenberger, Notary Public
Hampden,Twp., Cumberland County
My CommissIon Expires Dec. 1,2008
Member. v:;~~~.:-:.,,:, ':.:~ 'l~j~~ion 0' Nt.
. ,>, ,'.. '0 arles
TRSN02 (0/02)
- 27 -
FOR THE PURPOSE OF DISTRIBUTION
THE FOLLOWING SECURITIES HA VB BEEN
REVALUED AS OF 12/04/03
SHARES/
PAR SECURITY NAME
12.000 SHS ADAMS EXPRESS CO COMMON
4.029.682 UTS VANGUARD/WELLINGTON FUND INC FD '21
3.278.161 UTS VANGUARD BOND INDEX FUND INC FD '84
7.396.209 UTS VANGUARD/WINDSOR FUND 122
2.066.145 UTS VANGUARD FIXED INCOME SECURITIES
FUND INC GNMA PORTFOLIO FD 136
7.873.902 UTS VANGUARD PA TAX FREE FD INSURED
LONG-TERM PORTFOLIO FUND 177
15.486.262 SHS VANGUARD MUNICIPAL BOND FUND
LIMITED TERM PORTFOLIO FUND #31
- 28 -
3908067
EmIBIT 1
ACCOUNT VALUE
VALUE 12/04/03 DIFFERENCE
20.782.35 145.560.00 124.777.65
112.564.84 113.113.17 548.33
33.172.60 33.568.37 395.77
114.567.28 117.081.99 2.514.71
21.423.54 21.611.88 188.34
88.427.66 91.730.96 3.303.30
169.966.61 170.813.47 846.86
560.904.88
693.479.84
132.574.96
============= ============= =============
PROPOSED SCHEDULE OF DISTRIBUTION
DAVID C. ULMER TRUST UNDER AGREEMENT
DATED 11/26/01 AS AMENDED 12/06/01
Balance Remaining per First and Final Account
Value
8/16/06
$706.896.76
PNC Bank, NA, Trustee proposes to distribute the balance according
to terms of the Trust in the following manner:
In Satisfaction of Item 5.D.1 - .5% Residue
To: Clinton County Foundation
CASH
In Satisfaction ofItem 5.D.2 - .5% Residue
To: Bloomington Grove Historical Society
CASH
In Satisfaction of Item III.B.3.a - 30% Residue
To: David C. Ulmer Jr.
CASH
Less: $15,000 to be distributed
To Charles D. Ulmer
$209,948.34
(15.000.00)
In Satisfaction of Item III.B.3.b - 30% Residue
To:
Charles D. Ulmer
2,400 shares of Adams Express Co.
CASH
Plus: $15,000 from share of
David C. Ulmer Jr.
15.000.00
$ 31,392.00
178,556.34
29
Acquisition
Value
$704.569.26
$ 3,534.48
$ 3,534.48
$194,948.34
$224,948.34
In Satisfaction of Item IILB.3.c - 10% Residue
To: Christine (Andrews) Mader
CASH
$ 69,982.78
In Satisfaction ofltem III.B.3.d - 10% Residue
To: Jeanne Marie Ulmer
CASH
$ 69,982.78
In Satisfaction ofltem IILB.3.e - 10% Residue
To: Robyn Russotto
50 Shares Adams Express Co.
CASH
$ 654.00
69.328.78
$ 69,982.78
In Satisfaction ofltem IILB.3.f - 10% Residue
To: Drew Ulmer
CASH
Total
$ 69.982.78
$706.896.76
30
~ PNC ADVlSORS
As of September 30, ZOOS
BLACKROCK LIQUIDITY FUNDS (formerly BLACKROCK PROVIDENT
INSTITUTIONAL FUNDS) EXPENSE RATIOS
INSTITUTIONAL SHARES ADMINISTRATION SHARES
NAME OF TOTAL TOTAL TO TOTAL TOTAL TO
FUND EXPENSE RATIO PNC AFFILIATES. EXPENSE RATIO PNC AFFiliATES.
TempFund 0.18% 0.17% 0.28% 0.27%
TempCash 0.18% 0,18% 0.28% 0.28%
Fed Fund 0.20% 0,19% 0.30% 0.29%
T-Fund 0.20% 0.19% 030% 0.29%
Treasury Trust 0.20% 0.19% 0.30% 029%
Federal Trust 0,20% 0.14% 0.30% 0.24%
MunlFund 0.20% 0.18% 0.30% 0.28%
MuniCash 0.20% 0.18% 0.30% 0.28%
Calfornia Money 0.20% 0.18% 0.30% 0.28%
New York Money 0.20% 0.18% 0.30% 028%
OTHER FUNDS
TOTAL TOTAL TO TOTAL TOTAL TO
NAME OF FUND EXPENSE RATIO PNC AFFIUATES' NAME OF FUND EXPENSE RATIO PNC AFFILIATES'
Alliance Bernstein Growth & Income Fund 1.00% a Franklin NY Tax Free 0.60% a,b
Amencan EuropaClfic Growth 083% a GAM Avalon Lancelot 232% e
Amencan Investment Company 01 Amer 0.57% a Goldman Sachs Core Fixed Income 0.50% a.c
American Washington Mutuallnv 064% a Goldman Sachs Core Small Equity 093% a.c
Amencan Beacon Inll EqUity 0.76% a Goldman Sachs International EqUity 1.21% a,c
Amencan Century Capital Value 090% c Goldman Sachs Mid Cap Value 084% a,c
Amencan Century Income & Growth 0.68% c Harbor International 0.88% a
Amencan Century International Bond 0.64% c ING Financial Services Fund 1.17% a
Amencan Century International Gr 1.05% c ING International Value 146% a
Amencan Century Large Co Value 0.70% c Janus Mid Cap Value 0.92% a
American Century Small Cap Value 105% c Janus Small Cap Value 1.00% a
Amencan Century Ultra 0.79% c Jennison 20/20 1.02% a
Amencan Century Vista Fund 0.80% c John Hancock ClaSSIC Value 1.16% a.b
Artisan International Equity Fund 1.20% c JP Morgan Value Opportunities 1.41% a
Artisan Mid Cap Value 1.23% c Lord Abbett Affiliated Fund 0.83% a
Artisan Small Cap Fund 116% c MFS Core Growth 131% a
Artisan Small Cap Value 1.17% c MFS Value 1.16% a
Baron Asset 134% c Munder Micro Cap Equity 180% a.b,d
Baron Growth 133% c Olstein Financial Alert Fund 141% c
Baron Small Cap 1.33% c RS Investors Smaller Company Growth 1.60% a,d,g
Calvert New VISion Small Cap 168% a Scudder Massachusetts Tax Free 0.97% b
Calvert Social EqUity Fund 1.25% a Scudder Short Muni Fund 0.80% b
Cohen 8. Steers Realty Income 093% a,c Selected American 0.65% a,c
Columbia Real Estate 1.20% a,c The Topiary Fund lor Benefit Plan Investors LLC 1.75% e
Columbia Small Cap Growth 118% a.c, The Torray Fund 1.08% b,e
Constellation Clover Small Cap Value 1.22% c.d T. Rowe Price Growth Stock 0.73% c
Constellation Large Quality Stock 1.25% c,d,l T. Rowe Price High Yield 0.77% c
Constellation Sands Capital Select Gr 1.10% c T. Rowe Price International Bond 086% c
Federated Amencan Leaders 1.16% a,c T. Rowe Price MD Tax Free 0.48% c
Federated Capital Appreciation "W" 1.25% a,c 1. Rowe Price Mid Cap Growth 081% c
Federated Government Income Secuntles 0.98% a.c T. Rowe Pnce Mid Cap Value 0.82% c
Federated Kaufmann Fund 1.95% a,c T. Rowe Price Value 0.91% c
Federated Mid Cap Growth Strategies 1,32% a,c T. Rowe Price Real Estate 0.87% c
Federated Pennsylvania Municipal Income 0.75% a,c T. Rowe Price Short Term Bond 0,55% c
Federated Short Term Municipal Trust 071% a,c T. Rowe Price VA Tax Free 0.52% c
Federated Total Return Bond 0.66% a.c Third Avenue International Value 1.75% c
Federated fotal Return Government 0.60% a,c Third Avenue Real Estate 1.15% a,c.g
Fidelity Advisor D,v,dend Growth Fund 0.78% a,c Third Avenue Small Cap Value 1.14% a,c,g
hdellty Advisor Diversified International 0.98% c Third Avenue Value 1.12'll1 . It,~,9'
Fidelity Spartan CT Muni 048% a Wells Fargo C&B Mid Cap Value 1.17% c
Franklin FL Tax Free 062% a,b Western Asset Intermediate Bond 0.47% a
Franklin Insured MA Tax Free 0.67% a.b
.1 PNC affiliates receIVe between $100 and $7,700 from thiS fund in annual revenue for providing State securities filing services lit PNC affiliates receove ~tween $98,500 and $489.300
annually tor pnnting and mailing of fund financial statements and certain related sel'Y1ces tor lhe fund family of which thiS fund is a part. cl PNC Bank receives a contraclual fee of betwee.
05% and 35% of the average dally net asset value of assets Invested In this fund for omnibus accounling sel'Y1ces. Und..-these contracts. PNC AdvISOrs combines the mutual fund share
purchases of multiple clIent accounls to sallsfy minimum investment requirements and qualify such accounts for tower cost share classes. PNC Advisors does notlorgo the contract fees I
charges for performing these services In order to enable an account to qualify for I share class, for which Ih.t account would not ~ eligIble on a stand alone basis dl PNC afhllates
rece,.e between $33.000 and $261.000 from thiS fund In annual revenue as transfer agent. .1 PNC affiliates receive belween 0.075% and 0.16% of the lund's net assets for fund accounting
servIces II Sub-adVised by a PNC afhliate. whIch receIVes 75 baSIS pOints of the average net asset value of assets for man.ging the fund. It PNC affiliates receives belween $125,000 and
$149.000 from thIS fund lor accountIng servIces.
~ PNC ADVISORS
As of September 30. 2005
Mlllllal f-unels ale one Qt the IIwestm..nt vehicles that PNC AdVisors' uses to manage Investments made on behalf ot Its clients' accounts All mulual flJnd~ pay
I""" 10 'dIIUUS ""lVlce p,ovluers for servlu:s rendered 10 the mulu<ll funds. ThiS fund fee disclosure gnd IS ~enl to you on ol "ernhlnnU.J1 b"",,, su thdl PNC
AdVisors can Inform you of the service tees earned by PNC AdVisors or by other members of 1 he PNC hnanclal ServICes Group. Inc (PNC I trom tlie mutual
IUfIlb 01 Irom thclr affllldtes III conneltlon With mutuallunds whllh molY be held In youl account. Certilln types of PNC Auvlsols uclounts "lily hol,j St"IVICt~ Clue'
shares of the I:HackRo~k Funds. which have a service tee ot 0.2~% In addltlun 10 Ihe expenses listed
Inv.stmentsl Not FDIC Insured. No Bank GuarantH. May Lose Value.
PNC attllldl16 may earn compensation tor prOVidIng any or all ut the follOWing and other servICes acting as Investment adViser, provldll1g d(COuntlng, transler'
iH)t:I'CY dlllj cu"I'Jdy SCIVlce~. or prOVICJIIH) ornlllbus recold kt:eplng and assoCIated slh.lreholder servICes to lhc mutual funds, Most of these fecs dlC C"',,,'U on d
percentaqe.ot-assets baSIS, however, some t",es dre earned In speClhc amounts whl~h are shown In the footnotes Ihe, tOlal expens.. ratro tor each mulual fund IS
Jbo shown orl tillS y"d. The"" expenses are palu by lhe l!lutuul ('Inds or their <lttlllcltes and ale sepdfate lrom ilnd In addlllon \0 dny ,)CCotm! level fees pUld hy
clrent accounls to f-'NC AdVisors In addlllon, (erlaln funds used In clIent accounts. which are not mutual funds, also pay fees 10 f-'NC dffillates'
BLACKROCK FUNDS INSTITUTIONAL CLASS EXPENSE RATIOS
All Cap Global Hesources
^,sel Allucdlion
Aurora
Corc 80nd Tot,}l Return
Core Pli.'S lolal Return
DE Tdx.Free Income
D,Vidend Achievers
Glob..l Su Tech Opportunities
Global Hesources
Ellh,Jnced Income
GNMA
HLJllh 5, lences
f ligh Yield !:lund
Illd"x EqUity
Illliatlon f-'rolected Bond
rnler rnedrate Bond
'ntermediate Government Bond
Inlerrnl:dlale PLUS
'nternal'onal. Bond
IrlleflallonollOpportunltles
inve"lmenl I rust
K( Tax-F,ce Income
Lal ge Cap Growth LqUlty
Ldr'~" CJp Value EqUIty
L<-yacy
Low Ourd\lon Bond
Manaqed Income
MIJ-Cdp Growth EqUity
M Ie - Cap Value LqUlty
Mon"y Mdr ket
MunrClpat Money Markel
NC MUfllclpal Money Market
N.I Murllclpal Money Market
N J Td)' F, ec Income
ell Munl(rpal Money Market
OH T,t). Fr ee IlJcome
f-'A MuniCipal Money Markel
P^ LJ..I-rL'c Illlome
Small Cap Core lqully
""""Il C..p Grvwlh EqlJlly
Srndll Cap Value Lqully
r""'J~I/MIJ CJp Growlh
Idx.f-re", Incorne
lJllrJ Shor t Murllclpdl
U S Opportunities
uS Tledsury Money Mdrkel
VA Munlupal Money Market
.
1.04%
086%
118%
055%
0,,%
0.7U%
0,90%
143%
1.04%
0.40%
0.60%
1.25%
0.'/0%
0.18%
0.40%
060%
060%
0.55%
0.94%
145%
0.81%
0.10%
0.82%
0.79%
1.10%
0.55%
0.6J%
123%
1.00%
0.42%
0.42%
0.30%
0.39%
0.60%
0.39%
0.60%
0.42%
0.60%
1.30%
094%
0.9'/%
'10%
0.00%
045%
160%
0.41%
0.30%
TOTAL TO PNC AFFiliATES"
0'/6%
070%
108%
050%
U 36%
Ot.1%
o U3%
102%
092%
027%
O~1%
101%
064%
005%
0,08%
054%
U 54%
029%
08'/%
137%
0"/1%
062%
06~%
0,72%
0.89%
0,50%
060%
114%
o lj~%
037%
039%
018%
033%
054%
033%
0,53%
03"/%
056%
093%
o B6%
o iJ5%
[174%
0':14%
027%
143%
0,36%
00'/%
NAME OF FUND
TOTAL EXPENSE RATIO
11 P'JC Ad'.Jl<;,ors I~ J 1t'9'st~rf.'~j servlCP mJrk of fhe PNC hnanClol. Senflc~~ Group. Ine. r PNC~! lor Inyestmenl management and fldi.JClufY $t;'rvlces d'1d certain F ole "l"I,slJred bJnJ(lng
III nd\,\' s. dOU ~t"l VI{ e~ ptOVIOCU by \he rJNc. ~\IL"ld,arles. PNC Bdnk. NallOnal Assoclallon dfld PNC Bank. DelaWare, whICh dfe Members FDIC. PNC Ad"'lsor~ dues rlOl pro....,dt~ lelJoII.
ldll UI dI.CJur,IHIY Jdvl...t!'
,,) A j~'Lr'ptlon ot t~,~ serVices prOVided 10 the !:lIJckf<o"k ~unds and the !:ltJckRock L'qulo.ty funds by PNC atllllales and the compens<ol1on received tor each 5ervICe may be tOurd In
th~ p,'oc.pecluses YulJ Cdn oblam a prospectus fur Ih~ !:ll", kRork L lJllds or the Blacktlock L'QJ'(hty funds by caUlng your accounl (;tl'LCI or \ -l:IUO-441-74~O In .dd,\lon, lJl,de' a
St:f.\I'(('~ ~ylet:fT)~1I1 helWt~efl B~df".kRo(k, lot:. and r;NC, PNC ^dVISOf~ reU..'fves from BlackRock, tnc adnllnlstrdllon dud s~rvlCes ree~ up 10 75% U14% for lht' ,rldex rqlllty rlJrttvl ul
101 I"e ace,,'s or P"'C Aovl>ors cllenl accou"ts IIwesled In H,e OtdckRod, Funds l;nder H\ls Agreement, PNC AdVIsors comb,.).,; Ihe lnuluallund share pUllndses "I "'ul"pie clien'
,;((OUrtS to Sdt,oty monllnum :nvcsrment reqUlr~ments and l~us qua"fy sucn Jccoums lor low!:r cost shJre Classes. PNC AdVisors does not largo the Agreement lees 11 (hJ'g"~ lor
01..': tunnlng tnest: ServICe';) If' oro~( to cndlLt~ an JClount to qU"llly 10f d '2.~are class, lor wt\lch lhat aCCounl would nut be eh9\ble on cl stand-alone baSIS
31 PNC ^d'llbur::i metV dlso receIVe afl dt.:lOllflf lev~1 tc~ for S~fVlces provlthHJ La your atLOlJnt However. In light of tile compensation for t!le .,ervtU:~s deSfrtbed Juove, 101 (~Ildlll
..L.:ounlS. rNC Advl>ors reduces Ihe dccount !evellel! 10' It,e pOC1lon ot dccount assets Inves,ed 10 portfoliOS oflhe BlaekRoc< Funds 10lher than a money mar.e: tundl
1.1 A d~~crlptlon :It certal"'l ot the serV1Ces pr'ovld~d and tees earned may be tCl',Jnd In the mutual fund PfO$pcctu~e~ or other dl::.ciO$ure do{umenl~ tor lne m\Jlua' tv"lJ or Ol~cr t:.Jnu
You (JI' obldl(' !!lC ~rospl'CiJ5 lor cJ partICuLar mutudl fund Dy C;)I(''19 VOiJr accolJfll off,cer or 1-8UU.~21-'l4j2 "(he fund you hOld IS flOI d mutual lund, you shc;;ulct tlJ\I~ J Cupy 01 tht.'"
db,Juswe uu(urnt:nl If YOlo IId"e dlly 41.lL:'~tIOfl~, ple<.1':.e ca:l yuur lKLOUr\f ulhcer
F:.Jrrn . /,..300
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