HomeMy WebLinkAbout08-04-10
REV-1500 EX (O6-o5)
PA Deparbrlent of Revemte
Bureau of Individual Taxes
PO 80X 28(1601
Henisburg, PA 17128-0601
15056051058
OFFICIAL USE ONLY
County Code Year Fb Number
INHERITANCE TAX RETURN
RESIDENT DECEDENT 21 ! 09 0467
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death
_.
211-52-7266 02/11/2009
Decedent's Last Name SuRlx
Kulp ...
__ ~ __
(N Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix
__
', Kulp
_.
Spouse's Social Security Number
Oate of Birth
03/18/1965 j
Decedent's First Neme MI
David __ A
Spouse's First Name MI
_..
. ...................... .............
Trina ~ 0
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
n7-ss-8oo6 REGISTER OF WILLS
FILL IN APPROPRWTE OVALS BELOW
L'~.3 1. Original Retum (~ 2. Supplemental Retum t~ 3. Remainder Retum (date of death
pdorto 12-13-82)
+:::::'w 4. Limited Estate 4a. Future Interest Compromise (date of 5. Federal Estate Tax Retum Required
death after 12-12-82)
tom) 6. Decedent Died Testate C 7. Decedent Maintained a Living Trust _ ., 0.... 8. Total Number of Safe Deposit Boxes
(Attach Copy of Will) (Attach Copy of Trust)
C:""::."~ 9. Litigation Proceeds Received C.:::? 10. Spousal Poverty Credit (date of death C~? 11. Election to tax under Sec. 9113(A)
between 12-31-91 and 1-1-95) (Attach Sch. O)
CORRESPONDENT - THIS SECTN)N MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATN)N SNOIILD BE DIRECTED TO:
Name.. Daytime Telephone Number
_. _..
... _. -
Michael A. Scherer, Esq
__ _ ' (717) 249-6873
__
Firm Name (IfAppficable)
r-.--- -~ _ .-_w,
_
,. _.. _.... __... _.... _._ _ _ ___ _... REGISTER OF WILLS USF~NLY
Baric Scherer ', ~ o
i
~
_._ ...
First line of address
.. c o
~ y. -:v
r~€ i~
19 West South Street ~
( °
~ ~ ~~,
~
,~
~. _... ~ I -_ ~ t "
.,
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'f~
.Second line of address ~ !. ~_ ~ ~ ~ , ,
~X~ r`-~
City or Post Office State
Carlisle ' PA
Correspondent's a-mail address: mscherer@baricscherer.COm
ZIP Code
17013
.,, ~ ,-7
--O '~ fi'i
~_.~
W ."Y 7
0
Under penalties of per)ury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of kn
x is true, correct end complete. Dedaretbn of preparer other than the personal repreaentatNe b based on all irdomretbn of whbh ~ cue and bMief,
preparer has any knowledge.
SIG URE.OF PERSON RFyS$QfNS~LE FOR FILING RETURN
narF
720 Creek Road, Carisle, Pennsylvania 17015
iIGNEQ/.(fjE OF PREPARER OTHER THAN REPRESENTATIVE
~/ / e
19 West South Street, Carlisle, Pennsylvania 17013
PLEASE USE ORIGINAL FORM ONLY
Side 1
15056051058 15056051058
.~
~ ~ ~t
~ l~
Y"'
J
1505052059
_ REV-1500 EX
oecedent's Name: DaVld A KUIp
Decedent's Social Security Number
___ .._
211-52-7266
RECAPITULATION
...........
................. ...........
1. Real estate (Schedule A) ........................................... .. 1.
2. Stocks and Bonds (Schedule B) ..................................... .. 2. ' 45,312.00
3. Closely Held Corporation, Partnership or Sale-Proprietorship (Schedule C) ... .. 3.
4. Mortgages & Notes Receivable (Schedule D) ........................... .. 4.
5. Cash, Bank Deposits 8 Miscellaneous Personal Property (Schedule E) ...... .. 5. ' 45,312.00
6. Jointly Owned Property (Schedule F) Separete Billing Requested ..... .. 6. !,
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Properly
.,.,
"~"""""~ °`""""""'°'"°""""`°~"""'"'°°°° "°""'`""""
(Schedule G) C~ Separate Billing Requested....... . 7.
.
8.
Total Gross Asaets (total Lines 1-7) ...................................
. 8. ' . m...._. ,.. _wn~
45,312.00 '.
9. Funeral Expenses & Administrative Costs (Schedule H) .......... ........... 9.:. 6,200.52
~_. ~_
10. Debts of Decedent, Mortgage Liabilities, 8 Liens (Schedule I) ...... .......... 10. ',
,. .,_ 16,883.65
W_ _._. _ _ __~.._
11. Total Deductions (total Lines 9 8 10) ........................ ........... 11. ; 23,084.17
12. Net Value of Estate (Line 8 minus Line 11) .................... .......... 12. ' 22,227.83
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which """ "" ° " -" °"""°'° ~ ° °~
an election to tax has nol been made (Schedule J) .............. .......... 13. ', 0.00
..._ __.
14 Net Value SubJect to Tax (Line 12 minus Line 13) .............. .......... 14. ': 22,227.83
TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Llne 14 taxable
at the spousal tax rate, or
transfers under Sec. 9116
(a)(1.2) X .0_
16. Amount of Line 14 taxable
at lineal rate X .0 _
17. Amount of Line 14 taxable
at sibling rate X .12
18. Amount of Line 14 taxable
at collateral rate X .15
17.
18.
19. TAX DUE ......................................................... 19.
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
0.00
15056052059 Side 2
L_ 15056052059
Rl /•1500 EX Wage 3
Q~acedent's Complete Address:
_,_ .__ ~~.tlb?1,~lAr ~ ..._.. ~ .
21 IDs L;aa~~
DECEDENTS NAME
DECEDENTS SOCIAL SECURfrY NUMBER
David A Kulp
211-52-7266
SrREETADDRESS
720 Creek Road
CiN
Carlisle STATE ZIP
PA 17015
Tax Payments and Credits:
1. Tax Due (Page 2 Line 19) (i) 0.00
2. CreditslPayments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
3. InteresNPenalty if applicable
0. Interest
E. Penalty
Total Credits (A + B + C) (2) 0.00
Total InteresdPenalty (D + E )
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
Fill in oval on Page 2, Line 20 to request a refund.
5. I(Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE.
A. Enter the interest on the tax due.
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE.
(3)
(4)
(5) 0.00
(5A)
(5B)
Make Check Payable to: REGISTER OF WILLS, AGENT
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes ~
a. retain the use or income of the property transferred :..........................................................................................
b. retain the right to designate who shall use the property iransferted or Its income : ............................................ ^
c. retain a reversionary interest; or ..........................................................................................................................
d. receive the promise for life of either payments, benefits or care? ...................................................................... ^
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? .............................................................................................................. ^
3. Did decedent own an 'in trust for" or payable upon death bank account or security at his or her death? .............. ^
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? ........................................................................................................................ ^
tr THE ANSWER TO ANY OF THE ABOVEQUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
~.1.~~ k~, ,. A ~. i~ij~ ~, 'i.r+~ "`~b~yi~~r~ tetl BY d!7 ~~,y}R .. ..
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse
is three (3) percent [72 P.S. §9116 (a) (1.1) (i)].
For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (0) percent
[72 P.S. §9116 (a) (1.1) (ii)). The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and
filing a tax return are still applicable even if the surviving spouse is the only beneficiary.
For dates of death on or after July 1, 2000:
The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an
adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116(a)(1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in
72 P.S. §9116(1.2) [72 P.S. §9116(a)(1)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under
Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption.
REV-1503 ~X+ (fi-98)
SCNEp1~LE B
COMMONWEALTH OF PENNSYLVANIA STOCKS CF; BONDS
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
David A. Kulp 21-09-0467
All properly lolnthlownad wkh rlaht of survivorshlo moat ha diseb^.d en srhwdula F
pi mwe space is neeee0, insert aaamonal sneers of the same size)
REV-1511 EX+ (12.99)
SCNE!!YL! M
COMMONWEALTH OF PENNSYLVANIA FUNERAL EXPENSES &
INHERITANCE TAX RETURN ADMINISTRATIVE COSTS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
David A. Kulp 21-09-0467
Debts of decedent must bs reported on Schedule L
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
t,
e. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personal Representative(s)
Social Security Number(suEIN Number of Personal Reprosenfattve(s)
Street Address
City SUte 7~p
Year(s) Commission Paid:
2. Attorney Fees
5,000.00
3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanatbn)
Claimant
Street Address
City State .tip
Relationship of Claimant to Decedent
4. Probate Faes 501.26
5. Accountant's Fees 235.00
6. Tax Return Preparer's Fees
75.00
~. The Sentinel: legal advertising
314.26
B. Cumberland Law Journal: legal advertising
75.00
TOTAL (Also enter on line 9, Recapitulation) S 6,200.52
(If more space is needed, insert additional sheets of the same size)
REV-1512 EX+ (12-p8)
~ pennsylvania SCHEDULE I
DEPARTMENT OF REVENUE DEBTS OF DECEDENT,
INHERITANCE TAX RETIIRN MORTGAGE LIABILITIES 81 LIENS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
David A. Kulp 21 09 0467
Report debts incurred by the decedent prior to death that remarned unpaid at the date of death, including unreimburaed medical expenses.
ITEM
NUMBER DESCRIPTION VALUE AT DATE
OF DEATH
I Bank of America, Acct. #5490352480702159
3,883.65
2. West Pennsboro Volunteer Fire Company 13,000.00
TOTAL (Also enter on Line 10, Recapitulation) ; 16,883.65
If more space is needed, insert additional sheets of the same slze.
REV-1513 E~+ (9-00)
scN~ouuE ~
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN BENEFICIARIES
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
David A. Kulp
21-09-0467
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY RE ~ ~~ L~at T~ECEDENT
~(aI AMOUNT OR SHARE
OF ESTATE
I TAXABLE DISTRIBUTIONS [indude outright spousal dlatributions
and trensfers under
,
Sec. 9118 (a) (1.2)]
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROU GH 16, 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
Trina 0. Kulp 100%
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
TOTAL OF PART 11-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF R
EV-1500 COVER SHEET S` 0.00
(If nare space is needed, insert additional streets of C1e same size)
!~ "'-
r-
LAST WILL AND TESTAMENT
OF
DAVID A. KULP
I, DAVID A.IZLJLP, of Carlisle, Cumberland County, Pennsylvania, being
of sound mind and disposing memory, though I realize the uncertainty of this life, I have full
confidence and trust in my Lord and Savior, Jesus Christ, in His death on the cross for my sins and
in His shed blood as an atonement for my soul; and I know by faith that because of His sacrifice on
the cross for me I have eternal life, do hereby make this Will, hereby revoking ail my former Wills
and Codicils:
Article One: Tangible Personal Property:
§ 1.1 I bequeath all my tangible personal property to My Wife, Trina O. Kulp, ("My
Wife"), if she survives me. If My Wife does not survive me, I bequeath such property in accordance
with the terms of a Personal Property Memorandum I may prepare. If no such memorandum is
located or received by the Executor within 60 days after being appointed as such, after conducting
a reasonable search for such memorandum, the Executor shall be held harmless for distributing such
property as hereinafter provided.
§ 1.2 I bequeath such assets not disposed of by such memorandum, or all of such
property if no such memorandum is so located or received, to my children per stirpes, to be divided
among them in as nearly equal shares as they agree. In the event of irreconcilable disagreement
among my children, they shall take alternate turns selecting individual items with the oldest child
making the first selection. Any items not so selected shall be sold and the proceeds shall pass as a
part of my residuary estate.
§ 1.3 To the extent practicable in the Executor's sole discretion, I bequeath any policies
of insurance on such property to the beneficiary entitled to such property.
1
§ 1.4 I direct that the expenses of storing, pac
~' smPPing, insuring and delivering
any such property to the beneficiary entitled thereto shall be paid by the Executor as an
administrative expense of my estate.
Article Two: Residue:
§2.1 I devise and bequeath all the residue of my estate of whatever nature and
wherever situated to My Wife, if she survives me. If My Wife does not survive me, then the entire
residue of my estate shall be held in trust until my youngest child shall have attained the age of
twenty-two (22) years to be used by the Trustee for the health, education, maintenance and support
of my children, guided by the standards set out in Article Three, paragraphs 3.1.1 and 3.1.2 of the
Beneficiary's Trust herein. At the time of draftin
g this Will, I have one child, Allison R. Kulp, of
Carlisle, PA. When my youngest child attains the a of twen two 22
~ ~'" ( )years, this Trust for my
children shall terminate and the balance of the residue of the estate shall be divided and distributed
among my children, per stirpes, subject to the provisions of §2.2 herein.
§2.2 I give to the Trustee hereinafter named any share passing hereunder for the
benefit of any beneficiary of mine, other than my children, who shall not have attained the age of
eighteen (18) years, to be held, administered and disposed of in accordance with Article Three
hereof (the "Beneficiary's Trust") for the benefit of such beneficiary.
Article Three: The Beneficiary's Trust:
§3.1 The Trustee shall hold, manage, invest and reinvest the assets of the
Beneficiary's Trust, collect the income thereof and:
§3.1.1 While the beneficiary of the Beneficiary's Trust (the "Beneficiary")
is under eighteen (18) years of age, the Trustee shall apply to or for the benefit of the
Beneficiary so much of the net income and, if the net income is insufficient, so much
of the principal of tie Beneficiary's Trust as the Trustee shall from time to time deem
necessary or proper'. for the Beneficiary's health, maintenance, support and complete
education, including preparatory, college and graduate education, and professional,
vocational or technical training, taking into account other available funds, including
the Beneficiary's assets. The Trustee shall annually accumulate any net income not
so disc ibuted and add the same to the principal of the trust property.
§3.1.2 After the Beneficiary attains eighteen (18) years of age, the Trustee
shall distribute to or for the benefit of the Beneficiary the net income of the
Beneficiary's Trost in quarter-annual installments, or more frequently if the Trustee
deems it advisable, and so much of the principal as the Trustee shall from time to
2
1
~
time deem necessary or proper for the Benefici
complete education, including college and ary's h~th' maintenance, support and
vocational or technics,( trainin ~~~ education, and professional,
weddin ex g, and to assist the Beneficiary with re~onable
g penses, m the Purchase of a principal residence or in the establishment of
a profession or business considered a good risk by the Trustee
other available funds, including the Benefici ' ' taking into account
ary s assets.
§3.1.3 Except with respect to the trust for my childre at an
Beneficiary attains eighteen (18) Years of age, the Benefici ~ Y time after the
all of the principal of the Beneficiary's Tom, ~' may withdraw any or
§3.1.4 If the Beneficiary dies before the com fete to
Beneficiary's Trust, the Trustee shall distribute them P nnination of the
persons or corporations, (including the Benefici P' ~~ than held in trust to such
upon such trusts, terms and condition, as the Beneficiary by lastrWill m amounts and
specific reference to this general power of a Y aPP°mt by
Portion of the trust ro PPointment; provided, however, any
immediatel P gym' not subject to the Beneficiary's power of withdrawal
Y Prior to the Beneficiary's death may only be a
of the Beneficiary's issue, in such amounts and u n P~h ted to one or more
conditions as the Beneficiary by last Will ma a ~ trusts, terms and
special power of appointment. An Y PPomt by specific reference to this
the Beneficiary's then livin issue Y PmPertY not so appointed shall be distributed to
stirpes. g ' Pet stirpes, or if none, to my then living issue, per
Article Four: Appointment of Fiduciaries:
§4.1 I appoint My Wife as Executrix of this Will. If My Wife is unable or unwilling
to act or continue to act, for any reason whatsoever I a ,
Wickard, of Shi ~ PPoint My Wife s brother, bonnie A.
ppensburg, PA, ~ ~~ con • en successor Executor. If Lo
willing or able to serve or to com fete the ~ ~ nnie A' W10~'d is not
P administration of my estate, I appoint My Wife's father,
Paul A. Wickard, of Newville, PA, as second, contingent, successor Executor. All references herein
to the Executor shall mean my originally appointed Executrix or my successor Executor, as the case
may be.
§4.2 I appoint these same persons in the same order to serve as Guardians of the
Persons and proP~y of any minors who would be a Benefici
airy trusts which may arise under this will. ~' under this Will, or as Trustees of
Article Five: Powers of Fiduciaries:
§5.1 No fiduciary under this Will shall be required ~ give bond or other security for
3
.,
- --_~ M
the faithful performance of the fiduciary's duties.
§5.2 Any such fiduciary shall have the following powers, in addition to those given
by law:
§5.2.1 To invest in, accept and retain any real or personal ro
stock of a corporate fiduciary or its holdin com an p pertY, including
investments; g P Y, without restriction to legal
§5.2.2 To sell, exchange, partition or lease for any period of time any real or
personal property and to give options therefor for cash or credit, with or without
security;
§5.2.3 To borrow money from any person including any fiduci
hereunder, and to mortgage or pledge any real or ~ acting
personal property;
§5.2.4 To hold shares of stock or other securities in nominee registration
form, including that of a clearing corporation or depository, or in book entry form or
unregistered or in such other form as will pass by delivery;
§5.2.5 To engage in litigation and compromise, arbitrate or abandon claims;
§5.2.6 To make distributions in cash, or in kind at current values, or partly
in each, allocating specific assets to particular distributes on a non-pro rata basis, and
for such purposes to make reasonable determinations of current values;
§5.2.7 To make elections, decisions, concessions and settlements in
connection with all income, estate, inheritance, gift or other tax returns and the
payment of such taxes, without obligation to adjust the distributive share of income
or principal of any person affected thereby;
§5.2.8 To allocate, in the Executor's sole and absolute discretion, any portion
of my exemption under Section 2631(a) of the Internal Revenue Code to any pro
as to which I am the transferor, including any proPertY transferred by me during m
lifetime as to which I did not make an allocation prior to my death;
§5.2.9 To create, except when the fiduciary is a beneficiary of the subject
trust, with respect to all or any part of the principal of any trust hereunder, including
a pecuniary amount, by a written instrument a general testamentary power of
appointment within the meaning of Section 2041 of the Internal Revenue Code in any
beneficiary thereof and to eliminate such power for ail or any part of such
as to which such power was previously created and to divide trust principalpntoctwo
fractional shares based upon the then portion of the trust that would be includable in
the gross estate of the beneficiary holding such power if he died immediately before
4
such division (in which case the power shall be over the entire principal of one share
and not the other), with each share be'
fiduci ~ administered as a separate trust, unless such
ary shall thereafter elect to combine such separate trusts into a single trust; to
exercise the foregoing discretion to create or eliminate a general testamen
of appointment when such fiduci dete ~'Y Power
affected thereby in the benefici ~ amines that the inclusion of the property
m transfer taxes b ha ~'~s gross estate may achieve a significant savings
Y ving a federal estate tax in lieu of a Chapter 13 tax imposed by
the Internal Revenue Code on the property subject to such power of appointment or
may achieve significant income tax benefits;
§5.2.10 To disclaim any interest I may have in any estate if the Executor
deems such disclaimer to be in the best interests of my estate and the beneficiaries
thereof;
§5.2. i 1 To terminate any trust created herein, the principal of which is or
becomes too small in the Trustee's discretion to make the establishment or
continuance of the trust advisable, and to make immediate distribution of the then
remaining trust property to the beneficiary then entitled to the income of the trust
property or, if there is more than one beneficiary, to the beneficiaries then entitled to
the income of the trust property in proportion to their respective interests therein
or, if such interests are not defined, in equal shares to such beneficiaries; provided,
however, no Trustee shall participate in any decision to terminate such trust if by
reason of such termination such trustee could receive a distribution of trust property
from such trust as aforesaid. The receipts and releases of the distributee(s) will
terminate absolutely the right of all persons who might otherwise have a future
interest in the trust, whether vested or contingent, without notice to them and without
the necessity of filing an account in any court; and
§5.2.12 To merge any trust created hereunder with any other trust or trusts
created by me or my spouse under will or deed, if the terms of any such trust are then
substantially similaz and held for the primary benefit of the same person or persons.
Article Sia: Provision for Taxes:
§ti. l All estate taxes, inheritance taxes, transfer taxes and other taxes of a similaz
nature payable by reason of my death to any government or subdivision thereof upon or with respect
to any Property subject to any such tax ("Death Taxes„), and any penalties thereon, shall be paid
by the Executor out of the principal of that onion of m estate dis osed of b
P Y P y Article Two of this
Will, and all interest with respect to any such taxes shall be paid by the Executor out of the income
or principal or pay out of the income and partly out of the
in the absolute discretion of the Executor, without reimbursement from O1'capP onnl nt estate,
among
5
the beneficiaries, recipients or owners of such property for any such taxes, penalties or interest;
provided, however, the Executor shall not pay any such taxes, penalties or interest attributable to any
property included in my estate solely because of a power of appointment thereover which I possess
but have not exercised or any qualified
terminable interest property; provided further, however, the
Executor shall not pay any supplemental federal estate tax or an
Y Penalties or interest related thereto,
unposed by Section 4980A(d) of the Internal Revenue Code, which supplemental federal estate tax,
together with any penalties or interest related thereto, shall be borne by the recipients of the qualified
Plan benefit (including my estate if it is a recipient of any such benefit) giving rise to such
supplemental federal estate tax in proportion to their respective interests therein.
Article Seven: Provision for Debts and Expenses:
§7.1 I direct that any of my legally enforceable debts, any expenses of my last
illness, funeral and burial, and any of the administrative expenses of my estate shall be paid from the
principal of that portion of my estate disposed of by Article Two of this Will.
Article Eight: Miscellaneous Provisions:
§8.1 As used in this Will, the term °`Internal Revenue Code" shall mean the Internal
Revenue Code of 1986, as amended from time to time, or the corresponding Provision of subsequent
law.
§8.2 Whenever the Trustee is directed to distribute property to or for the benefit of
any beneficiary who is under (a) eighteen years of a e or
g , (b) a legal disability or otherwise suffers
from an illness or mental or physical disability that would make distribution directly to such
beneficiary inappropriate (as dete~~ ~ the Trustee's sole discretion exercised in good faith), the
Trustee may distribute such property to the person who has custody of such benefici
such property for the benefit of such benefici ~Y~ may apply
azY, may distribute such property to a custodian for such
beneficiary, whether then serving or selected and a
ppointed by the Trustee (including the Trustee),
under any applicable Uniform Transfers to Minors Act or Uniform Gifts to Minors Act, may
distribute such property directly to such benefici
ary's estate, or may distribute such property
directly to such beneficiary (except if any of the conditions hereinbefore described in
without liability on the part of the Trustee to see to the lication of such roe Thisb)rovision'
aPP P P rtY• P
shall not in any way operate to suspend such beneficiary's absolute ownership of such property or
6
to prevent the absolute vesting thereof in such beneficiary.
§8.3 Except as otherwise may be pro~d~ in this Will, during the continuance of any
of the trusts created under the provisions of this Will, and thereafter until the property is distributed'
to and received by any beneficiary hereunder, the principal sums thus held in trust for any
beneficiary, respectively, and the income thereof shall not be subject to or liable for any contracts,
debts, engagements liabilities or torts of such beneficiary now or hereafter made, contracted, incurred
or committed, but shall be absolutely free from the same, and such beneficiary shall have no power
to sell, assign or encumber all or any part of the principal sums or such beneficiary's interest therein,
respectively, or the income thereof, or to anticipate the income.
§8.4 If any beneficiary hereunder should die within thirty (30) Sys ~, me or within
thirty (30) days after any other person the survival of whom determines his rights hereunder, then
such beneficiary shall be deemed to have predeceased me or such other person for all purposes
hereunder.
IN WITNESS WHEREOF, I, DAVID A. KUI,p, have hereunto set my hand
and seal to this, my last Will, typewritten on eight (8) sheets of paper, including the self-proving
attestation clause and signatures of witnesses, this c~
-~'t-.day of /iR~,.,,~,r_ , 1999.
DAVID A, KULP
Signed, sealed, published and declared by the above named DAVID A.
last Will, in the presence of us and each of us, who, at his request and in his p es nce and f~ ~e
presence of each other, have hereunto subscribed our names as witnesses thereto the day and yeaz
last above written.
Residing at
Residing at
7
~~
Residing at
COMMONWEALTH OF PENNSYLVANIA:
COUNTY OF CUMBERLAND SS.
We, DAVID A, ~Lp, the testator, and
.. ~ ,and
~ ~{` `~, 1-y'~{~~"}'` k ` d ~ U~ /G~c"~the witnesses, whose names are signed to the attached
or foregouig instrument, being first duly sworn, do hereby declare to the undersigned authority that
the testator signed and executed the instrument as his last Will; that the testator signed willingly
and executed it as his free and voluntary act for the purposes therein expressed; that each
subscribing witness in the hearing and sight of the testator signed the Will as a witness and that to
the best of his or her knowledge the testator was at that time eighteen (18) years of age or older, of
sound mind and under no constraint or undue influence.
~~~~~
DAVID A. KULP
a
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r VVrtness ~r ~
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Witness
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fitness
Subscribed, sworn to and aclrnowledged before me by DAVID A. KULP, the testator, and
subscribed and
sworn
~~'A~ ~ ~, ~ to before me b
k~ fie+.~~ ~ .c ~ ~,~~ -~,~. -~~ (', ~y ~ , "~ and
~~•,~'-'' t' P ~ , 1 tt y 1 me witnesses this / j if
~/ u ~ y e 1, <% ~ , 1999. ~ ~ u~ C,r ,, ,~~ ;~ day of
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Notary public
My Commission expires:
SEAL Notarial Seai
rr'iUtfi C. Goldsmith, Notary oub(ic
N~w~•,•ilia Coro, Cumu2rland Coun
nny Co!7rnission Expires July 24, 2000
8 Mernber, Pennsylva! pia Association of Notaries
JAN-11-2010 03,27 ppl ACNB/NEWVILLE
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HUI.P COMPANY;
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ESTATE OF DAVID A KULP
C!O TRINA KULP
720 CREEK RO
CARLISLE PA 17015
January 11, 2010
Accour>x No.: 5490352480702159 changed to 549035299883837
Dear Estate of DAVID A KULP
Please accept our condolences on the loss of DAVID Q ~{ULp, yye are wridnp tc offer
eoeeived by Janul ary 29 (2010, outer alai ~a9~nstthe ast~ta w+ll beNsatlsfi d$Th ~ off5 is
expires on January 29, 2010. ~
If you leave au~~ gt~e:~tious, p1ea~ call 1-868=121 X1399. b~faudgy duos h Tluu~ ,
6 p.iu. and F~.~3daY, 8 to 5 (Eastern dun).1f you }uefer, yai iua' ~ .da} from 8 a.n]. to
Sauwsex Dr, MSS DE.~-U14-02-013 attar Ma,ic Keened ~4~i~~ll du payment to 1000
nuuil~..~ en A~ne~ - - Y, nhgttxl DE 198&{.
to a .r,~? ou, CRU• laww.led~eable Account h{alaagers att itady
Sincerely,
Mark Kennedy
Estate Department
tIOWAR,p'S ACCOUNTING
$ West Big Spring Avenue
. ~Te~ville, RA 17241
.,
`717-T76-5864: ~ ~ ~ ~ ~ ~ . .
January 11, 2010
O'BRIEN, BARK & SCIIERER
l 9 West South Street
Carlisle, PA. 17013
Dear Mr. Scherer:
The estimates that we discussed are very close to the original amounts that we ha
at in December.
d arrived
Due to the fact that a major porhon of the assets were sold so close to
the true value of those assets would be the amount received at the public sale. 1
therefore, used the b Mr• Ku1Ps death,
ank balance at that Aoint in time which includes the sale proceeds anti
the other inventory amounts remaining aRer to. sale.
The amounts aze as follows:
$1X459.82 CASH
1000.00 ~~
7400.00 BULLS
8250.00 STEERS
20100.00 COWS
$208209.82 TOTAL
There were one hundred forty seven (147) shares of stock held b
K~p• ~ mY °Pinion this would place the value of each share of stock at $1416 00 ~
each_
Sincerely,
~~
Ron Fickes
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