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HomeMy WebLinkAbout12-21-101505610140 REV-1500 EX (01-10) OFFICIAL USE ONLY PA Department of Revenue Bureau of Individual Taxes County Code Year File Number PO BOX 280601 INHERITANCE TAX RETURN 2 1 1 0 1 0 1 3 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 2 3 8 7 0 ? 3 4 2 0 9 1 9 2 0 1 0 0 6 0 6 1 9 4? Decedent's Last Name Suffix Decedent's First Name MI H E U S N E R A L B E R T P (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI H E U S N E R C A R O L E J Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE 1 9 9 3 4 9 5 7 1 REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW 1. Original Return ~ 2. Supplemental Return ~ 3. Remainder Return (date of death prior to 12-13-82) ® 4. Limited Estate ~ 4a. Future Interest Compromise (date of ^ 5. Federal Estate Tax Return Required death after 12-12-82) © 6. Decedent Died Testate ~ 7. Decedent Maintained a Living Trust 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) 9. Litigation Proceeds Received ~ 10. Spousal Poverty Credit (date of death ~ 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESF'UNUtNGt ANU GVNtiutn i iA~ i ~ mr~rcmH i ivn a~nww ac uirt~~. ~ ~~ ~ ~. Name Daytime Telephone Number ~a R O G E R B~ I R W I N E S Q U I R E 7 1 7 2~~~ 2 ~5 ~~ REGISTER ~ .... I~S~USE ~Y '~ r'r't N ; ? T'T') ,.. First line of address =~-~~ 6 0 W E S T P O M F R E T S T R E E T `~~-, ~ ~' =~" ~~ .~ j Second line of address ~""`~ ~`~ -r~ t"1"~ --J City or Post Office C A R L I S L E Correspondent's a-mail address: State ZIP Code ~ DATE FILED P A 1 7 0 1 3 Under penalties of perjury, 1 declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and compete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIG ATURE OF P SON E} PONSIBLE ,FJILING RETURN~/ /~ ` DATE ADDRESS 1025 FORBE ~~ ROAD CARLISLE PA 1701,3 SIGNATURE.©,F PREPARER OTHER THAN REJ?RESENTATIVE DATE ADDRESS `M' '~.. \ 1. 60 WEST POMF~ET STREET CARLISLE PA 17013 PLEASE USE ORIGINAL FORM ONLY Side 1 1505610140 150561014^ J J 1505610240 REV-1500 EX Decedent's Social Security Number Decedent's Name; ALBERT P- HEUSNER 2 3 8 7 0 7 3 4 2 RECAPITULATION 1. Real Estate (Schedule A) • • • • • 1 • • 2 9 0 7 3 7 7.3 9 2. ................................... Stocks and Bonds (Schedule B) ... • 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) .. ... 3. 4. Mortgages and Notes Receivable (Schedule D) ................ . ...... ... 4. • 5. Cash, Bank Deposits and Miscellaneous Personal Property (Schedule E).... ... 5. - 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested .... ... 6. 7. Inter-Vivos Transfers & Miscellaneous N~Probate Property 2 1 2 6 0 4 4 1 (Schedule G} Separate Billing Requested .... ... 7. . 8. Total Gross Assets (total Lines 1 through 7) ........................ ... 8. 1 1 2 0 0 2 1. 4 0 9. Funeral Expenses and Administrative Costs (Schedule H) .................. 9. 4 2 8 5 1 . 2 0 10. Debts of Decedent, Mortgage Liabilities, and Lien"s (Schedule I) ............. 10. 11, Totai Deductions (total Lines 9 and 10) ............................... 11. 4 2 8 5 1 . 2 0 12. Net Value of Estate (Line 8 minus Line 11) ............................ 12• 1 0 7 7 1 ~ D • 2 0 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) ...................... 13. • 14. Net Value Subject to Tax (Line 12 minus Line 13) ...................... 14. 1 0 7 7 1 7 0 . 2 0 TAX CALCULATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) x .0 8 6 4 5 2 6 1 9 15. 16. Amount of Line 14 taxable 2 1 2 6 4 4 0 1 6 at lineal rate X .045 . 1 . 17. Amount of Line 14 taxable 0 0 0 17 at sibling rate X .12 . 18. Amount of Line 14 taxable 0 0 0 at collateral rate X .15 18. 19. TAX DUE .................. .......................... ... ..... ..19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT L 150561024D Side 2 0. D 0 9 5 6 8. 9 8 o. 0 0 0. D 0 9 5 6 8. 9 8 1505610240 a • REV-1500 EX Page 3 Decedent's Complete Address: File Number 21 10 1013 DECEDENT'S NAME ALBERT P. HEUSNER STREET ADDRESS 1025 FORBES ROAD _ CITY CARLISLE STATE 'ZIP PA 17013 Tax Payments and Credits: ~. Tax Due (Page 2, Line 19) 2. Credits/Payments A. Prior Payments B. Discount 3. Interest 478.45 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. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. Make check payable to: REGISTER OF WILLS, AGENT (1) 9,568.98 (3) 478.45 0.00 (5) 9, 090.53 PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred : ................................................................. ..... ^ ^X b. retain the right to designate who shall use the property transferred or its income; .......................... ..... ^ 0 c. retain a reversionary interest; or ........................................................................................... ..... ^ 0 d. receive the promise for life of either payments, benefits or care? .................................................. ..... ^ 0 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? .................................................................................. ..... ^ 0 3. Did decedent own an "intrust for" orpayable-upon-death bank account or security at his or her death? .... ..... ^ 0 4. Did decedent own an individual retirement account, annuity or other non-probate property, which contains a beneficiary designation? ............................................................................................. ..... X^ ^ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1, 1994, and before Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse 3 percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 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 21 years of age or younger at death to or for the u:>e of a natural parent, an adoptive parent or a stepparent of the child is 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 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 12 percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, undE Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. Total Credits (A + B) (2) (4) REV-1503 EX + (6-98) 4 COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF FILE NUMBER ALBERT P. HEUSNER 21 10 1013 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. USAA -ACCOUNT NUMBER: 77 95 64 279,666.94 TAX EXEMPT LONG-TERM FUND CUSIP#: 903289-10-6 2. MORGANSTANLEY SMITHBARNEY 627,710.45 ACCOUNT #73H-01600 TOTAL (Also enter on line 2, Recapitulation) 1 $ 907,377.39 (If more space is needed, insert additional sheets of the same size) REV-1510 EX+ (08-09) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE G INTER-VIVOS TRANSFERS AND MISC. NON-PROBATE PROPERTY ESTATE OF FILE NUMBER ALBERT P. HEUSNER 21 10 1013 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page three of the REV-1500 is yes. ITEM NUMBER DESCRIPTION OF PROPERTY INCLUDE THE NAME OF THE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND THE DATE OF TRANSFER. ATTACH A COPY OF THE DEED FOR REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST EXCLUSION (IF APPLICABLE) TAXABLE VALUE 1. MORGAN STANLEY SMITH BARNEY 162,184.96 100.00 162,184.96 ACCOUNT #73H-60239-10 ROTH IRA 2. MORGAN STANLEY SMITH BARNEY 50,459.05 100.00 50,459.05 ACCOUNT #73H-60240-17 TRADITIONAL IRA BENEFICIARIES FOR BOTH IRAS: JEREMY HEUSNER AND PATRICK HEUSNER TOTAL (Also enter on Line 7, Recapitulation) I $ 212,644.01 If more space is needed, use additional sheets of paper of the same size. REV-1511 EX+ (10-09) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS ESTATE OF FILE NUMBER ALBERT P. HEUSNER 21 10 1013 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. HOFFMAN-ROTH FUNERAL HOME 3,058.66 B ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s) of Personal Representative(s) Street Address City State ZIP Year(s) Commission Paid: 2. Attorney Fees: IRWIN & McKNIGHT, P.C. 36,000.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation.) 3, 500.00 Claimant CAROLE J. HEUSNER Street Address 1025 FORBES ROAD City CARLISLE State PA ZIP 17013 Relationship of Claimant to Decedent SPOUSE 4• Probate Fees: 5 Accountant Fees: 6. Tax Return Preparer Fees: a. REGISTER OF WILLS -FILING FEE 30.00 8. THE SENTINEL -ESTATE NOTICE 187.54 9, CUMBERLAND LAW JOURNAL -ESTATE NOTICE 75.00 TOTAL (Also enter on Line 9, Recapitulation) I $ 42, 851.20 If more space is needed, use additional sheets of paper of the same size. REV-1513 EX+ (01-10) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE J BENEFICIARIES ESTATE OF: FILE NUMBER: ALBERT P HEUSNFR ~~ ~ n ~ n~ ~ RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under Sec. 9116 (a) (1.2).] 1. CAROLE J. HEUSNFR -FAMILY TRUST B Spousal 864,526.19 1025 FORBES ROAD CARLISLE, PA 17013 2. JEREMY HEUSNFR Lineal 106,322.00 1048 N. DANIEL ST 1/2 MORGAN STANLEY ARLINGTON, VA 22201 IRAS 3. PATRICK HEUSNFR Lineal 106,322.01 1990 LEXINGTON AVE APT 16K 1/2 MORGAN STANLEY NEW YORK NY 10035 IRAS ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 T HROUGH 18 OF REV-1500 COVER S I~EET, AS APPROPRIATE. II. NON-TAXABLE DISTRIBUTIONS; 1. A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAXIS NOT TAKEN: 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $ ~~ nwre space is neeaea, use aaaiuonal sneers or paper of the same size. REV-1649 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE O ELECTION UNDER SEC. 9113(A) (SPOUSAL DISTRIBUTIONS) ESTATE OF FILE NUMBER ALBERT P. FiEUSNER 21 10 1013 Do not complete this schedule unless the estate is making the election to tax assets under Section 9113(A) of the Inheritance 8~ 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 on 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 included in the election to have such trust or sim- ilarproperty 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 arrangement included as a taxable asset on Schedule 0. The denominator is equal to the total value of the trust or similar arrangement. 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 FAMILY TRUST CREATED UNDER ITEM 3A OF LAST WILL AND TESTAMENT 627,710.45 RESIDUAL Part A Total ~ $ 627,710.45 Part B: Enter the description and value of all interests included_in Part A for which the Section 9113 (A) election to tax is being made. Description Value Part B Total I (If more space is needed, insert additional sheets of the same size) LAST WILL AND TESTAMENT I, ALBERT P. HEUSNER, JR., of the Borough of Carlisle, Cumberland County, Pennsylvania, being of sound mind, disposing memory and full legal age, do hF;reby make, publish and declare this instrument to be my Last Will and Testament, hereby expressly revoking all Wills and Codicils heretofore made by me. ONE: I direct my Executrix or Executors, as the case may be, to pay all c-f my debts, funeral and administrative expenses as soon as may be done conveniently after my decease. Furthermore, I direct that all state, inheritance, succession and other death taxes imposed or payable by reason of my death and all interest and penalties thereon with respect to all property composing of my gross estate for death tax purposes, whether or not such property passes under this Will, shall be paid by the Executrix or Executors of my estate. TWO: My Executrix or Executors, as the case may be, may, at her or their discretion, compromise claims, borrow money, retain property for such length of time as she ~or they may deem proper; lease and sell property for such prices, on such terms, at public or private sales, as she or they may deem proper; and invest estate property and income without restriction to legal investments unless otherwise provided hereunder. I authorize and empower my Executrix or Executors to sell any realty and/or personalty owned by me at my death and not specifically devised or bequeathed herein, at public or private sale or sales and to give good and sufficient deeds and/or bills of sale therefor, in fee simple, as I could do if living. My I~xecutrix or Executors is/are authorized and empowered to engage in any business in which I may be engaged at my death, for such period of time after my death as seems expedient to said Executrix or Executors. THREE. I hereby give, devise and bequeath all of my estate of every nature and wherever situate to be distributed IN TRUST, for my spouse, CAROL 3. HEUSNE:L2, subject to the following provisions: A. The estate shall be divided by the Trustees into two separate trusts, hereinafter referred to as Trust A (the Marital Trust), and Trust B (the Family Trust). B. Trust A, the Marital Trust, shall consist of all of my assets other than those allocated to Trust B, the Family Trust. C. Trust B, the Family Trust, shall consist of assets equal in value to the maximum amount, if any, that are necessary to permit my estate to use in full any federal estate tax unified credit which has not been claimed for distribution during my lifetime after considering any adjusted taxable gifts and bequests by Will which do not qualify for the marital deduction and all charges to principal of the estate which are not deducted in computation of the federal estate tax of my estate; provided, however, that the allocation of the Family Trust shall be satisfied with assets as of the date of allocation or distribution; and provided further that any assets which do not qualify for the federal estate marital deduction shall be used first to satisfy 2 the allocation to this Family Trust. D. From the Marital Trust, the Trustees shall pay all of the net income to my spouse, CAROL J. HEUSNER, in monthly payments. My spouse also has the right to receive from the Trustees all or a portion of the principal from the Marital Trust and to change the beneficiaries of thus Marital Trust in my spouse's discretion. At the death of my spouse, the Trustees shall distribute the remaining principal and accumulated income of the Marital Trust as follows: 1. All of the rest, residue and remainder of my estate shall be distributed in equal shares between my sons, JEREMY PRICE HEUSNER and PATRICK DAY HEUSNER, per stirpes, which provides that the child or children of any deceased child shall take the share their parent would have taken if living provided however, in the event any said beneficiary is under the age of twenty- one (21) years at the time of distribution hereunder, said benefiiciary';s share shall be held IN TRUST in accordance with Paragraph Three F. below; E. From the Family Trust, the Trustees shall pay all of the net income to my spouse, CAROL J. HEUSNER, in monthly payments. The Trustees may distriibute to my spouse such amounts from the principal of the Family Trust as provided hereunder, up to the whole thereof, as the Trustees, in their discretion, shall deem necessary or advisable to provide for the care, maintenance and support of my spouse, so as to support my spouse in my spouse's accustomed manner of living, provided, however, the Trustees shall consider any other sources 3 of income available to my spouse when making payment hereunder. The Trustees shall, when requested by my spouse, pay five (5%) percent of the principal or $5,000.00, whichever amount is greater, annually to my spouse during my spouse's lifetime, but in no way shall the Trustees distribute more of the principal of this Family Trust to my spouse than in the above amounts. This limited right to make withdrawals from the principal of the trust estate is noncumulative, so that an amount which might have been withdrawn during a particular year may not bc; withdrawn in any subsequent year. At the death of my spouse, the Trustees shall distribute the remaining principal and accumulated income of this Family Trust as follows: 1. All shall be distributed in equal shares between my sons, JEREMY PRICE HEUSNER and PATRICK DAY HEUSNER, per stirpes, which provides that the child or children of any deceased child shall take the share their parent would have taken if living provided however, in the event any said bE;neficiary is under the age of twenty-one (21) years at the time of distribution hereunder, said beneficiary's share shall be held IN TRUST in accordance with Paragraph Three F. below; F. If any of my beneficiaries or heirs are under the age of twenty-one (21) ye~~rs of age at the time of my death or the death of my spouse and inherit any assets hereunder by virtue of my death, then in that event, the Trustees shall hold all of their respective share(s) IN TRUST according to the following terms and conditions: 4 Upon the creation of this Trust, the Trustees shall divide this trust principal into individual shares in the name of each heir or beneficiary in the amount equal to the amount that said heir or beneficiary inherited hereunder. The Trustees, as well as my representative, is hereby authorized to retain, unconverted, any property, real or personal, that I may own at my death and shall be under no duty to convert it into legal investments. The Trustees shall have the power and authority to sell, transfer, convey, invest and reinvest and to pay over the; net income of the trust property, to or for the use of said heir or beneficiary, or to accumulate i.t in the sole discretion of the Trustees. The Trustees are also authorized and empowered to pay over to, or for the use and benefit of my heirs or beneficiaries such portion of or all of the principal of the trust estate as in the Trustees' sole discretion seems proper for their support, maintenancf;, education, or medical care. My primary object is to insure the support, maintenance, education and medical care of my heirs and beneficiaries until they reach the age of twenty-one (21) years. However, notwithstanding the above, the Trustees shall have the sole discretion throughout the; duration of this trust in which to distribute any of the trust principal or income for the benefit o~f any of my heirs or beneficiaries for any such purpose as the Trustees deem reasonable; under the circumstances such as but not limited to the purchase of real property, tuition for further education or any other purpose which would in the Trustees' sole discretion advance the best interest of said heir or beneficiary. When each respective heir or beneficiary reaches the age of twenty-one (21) years, then whatever remains of income or principal of the said heir's or beneficiary's divided share under this trust estate shall be distributed to said heir or beneficiary, per stirpes, which provides that the child or children of any deceased heir or beneficiary shall take the share their parent would have taken if living. In the event that any said heir or beneficiary becomes deceased prior to the final distribution hereunder without leavvlg surviving 5 issue, said deceased heir's or beneficiary's share shall be divided equally between all of the heirs and beneficiaries who are a part of this trust and distributed in accordance with this paragraph. For whatever reason there are no heirs and beneficiaries remaining as a part of this trust, then in that event, the rest, residue and remainder hereof shall be distributed in equal s]Zares to the residual beneficiaries set forth in Paragraph Three G. below. G. In the event that my spouse predeceases me, dies simultaneously or ~[ choose for whatever reason during my lifetime to withdraw all of the assets from the Marital Trust set forth in my spouse's Last Will and Testament or if I have accumulated any other assets which are not being held in trust hereunder or under any written trust document executed by me; during my lifetime, then in that event, I hereby give, devise and bequeath all the rest, remainder and residue of my estate to be distributed as follows: 1. All of the rest, residue and remainder of my estate shall be distributed in equal shares between my sons, JEREMY PRICE HELJSNER and PATRICK DAY HEUSNER, per stirpes, which provides that the child. or children of any deceased child shall take the share their parent would have taken if living provided however, in the event any said beneficiary is under the age; of twenty- one (21) years at the time of distribution hereunder, said beneficiary's. share shall be held IN TRUST in accordance with Paragraph Three F. above; FOUR. I make the following provisions pertaining to generation-skipping tra~r~sfers: 6 A. My Executrix or Executors, as the case may be, may allocate an;y part of my generation-skipping tax exemption which I have not irrevocably utilized during m;y lifetime in such manner as my Executrix or Executors shall determine. B. For purposes of fully utilizing my generation-skipping tax exerription if my spouse survives me, my Executrix or Executors may make the election provided for in Section 2652(a)(3) of the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code") to the extent my Executrix or Executors has/have elected to treat all or part of the property passing under this will or under any deed of trust of which I am the settlor as "qualified terminable interest property" under Section 2056(b)(7) of the Internal Revenue Code. C. My Executrix or Executors may elect not to have the deemed allocation provisions of Section 2632(b) of the Internal Revenue Code apply to transfers made by me during my lifetime. D. To the extent that the allocation of any generation-skipping tax exemption would not result in a particular trust being completely exempt from the generation-skipping tax, the Trustees shall separate such trust into two trusts, one of which is exempt from. and one of which is fully subject to the generation-skipping tax. In the case of a trust which has not received assets at the time the exemption is allocated, the separation shall occur prior to any funding of the trust. A trust which is completely exempt from the generation-skipping tax shall be referred to as an "exempt trust" and a trust which is subject in any part to the generation- 7 ~. skipping tax shall be referred to as a "non-exempt trust". E. If the Trustees separate a trust into an exempt trust and anon-exempt trust under the immediately preceding paragraph: (1) Any person who has a power of appointment with respect to that trust may exercise such power differently as between the exempt trust and the non-exempt trust. (2) The percentage or fraction of principal that a beneficiary may withdraw shall be calculated with respect to the total principal held in both the exempt and non- exempt trusts. However, so long as there is any principal held in the non-exempt trust, to the maximum extent possible any withdrawal shall be paid from the non-exempt trust. (3) If the Trustees have the discretionary power to distribute income of a trust among "skip persons" and "non-skip persons" as defined in Section 2613(b) of the Internal Revenue Code, the Trustees may exercise such power differently as between the exempt trust and the non-exempt trust. F. In making any distributions hereunder for the various benei~iciaries my fiduciaries may allocate among such distributions assets which are exempt from generation- skipping tax equally or pro rata or on such other basis as they shall in their sole ~u1d absolute discretion determine, taking into account possible needs of beneficiaries for distributions of principal, possible appreciation in the value of trust assets during the lifetimes of the beneficiaries or such other factors as the fiduciaries consider significant. 8 G. The Trustees may combine into a single trust two exempt trusts for the benefit of the same beneficiary; similarly, the Trustees may combine non-exempt trusts i:or the same beneficiary. H. No power to expend principal of an exempt trust for a beneficiary who is a "non-skip person" as defined in Section 2613(b) of the Internal Revenue Code may be exercised by the Trustees so long as there is any principal held in anon-exempt trust and in which the trustee has a similar power to expend principal for such beneficiary. I. In addition to all other powers set forth in my Will, if at the: death of a beneficiary other than my spouse, including a person who becomes a beneficiary pursuant to the exercise of a power of appointment under my will, there is principal held in anon-exempt trust for that beneficiary and if in the absence of this power of appointment there would be a taxable termination with respect to such trust as defined in Section 2612 of the Internal Revenue Code, such beneficiary shall have the power by will containing a specific reference to this power of appointment to appoint any part or all of such principal outright to any one or more of his or her creditors and the creditors of his or her estate. Upon the beneficiary's death, to the extent he or she fails to exercise effectively such power of appointment, the Trustees shall pay to the beneficiary's estate or to the tax authorities an amount equal to any increase in estate, inheritance and other death taxes, and interest and penalties thereon, payable because of the inclusion of the unappointed principal in the beneficiary's estate for tax purposes. The remaining unappointed principal shall be distributed in accordance with the terms of the trust. 9 FIVE. The Trustees, as well as my Executrix or Executors, shall have the following powers, in addition to those vested in it by law, for my property held for the benefit of my beneficiaries, whether income or principal, exercisable without court approval and effective until the distribution of all property under the terms of the trusts set forth in Paragraph Three or Paragraph Four above: The Trustees, at their discretion, may compromise claims, borrow mo~aey or retain property for such length of time as it may deem proper, sell lease, pledge, mortgage, transfer, exchange, convert or otherwise dispose of or grant option of all or any portion of trust property for such prices and on such terms in public or private transactions as it may deem proper; and invest trust property and income without restrictions to legal investments. The determination of the Trustees with respect to the advisability of making payments out of the income or~ principal to any heir or beneficiary inheriting hereunder shall be conclusive and binding on all persons howsoever interested in the respective trust. Further, the Trustees shall be authorized to receive additions to the respective trust of any kind or any property whatsoever from sources other than my estate and at any time in the sole discretion of the Trustees. SIX. I hereby nominate and appoint my spouse, CAROL J. HEUSNER., to be the Executrix of this my Last Will and Testament. If my spouse has predeceased rrie, failed to qualify, renounced or ceased to serve as Executrix for whatever reason, I then appoiint my sons, JEREMY PRICE HEUSNER and PATRICK DAY HEUSNER to serve as Executors of this my Last Will and Testament. 10 SEVEN. I hereby nominate and appoint JEREMY PRICE HEUSNER and PATRICK DAY HEUSNER, to serve as Trustees of all trust(s) created herein. EIGHT. No Executrix, Executors, or Trustees acting hereunder shall be required to post bond or enter security in this or any other jurisdiction. NINE. No person or persons shall benefit hereunder unless such beneficiary shall survive me for a period of at least sixty (60) days. TEN. No beneficiary may assign or anticipate his or her interest in any income or principal held or distributable hereunder; and no beneficiary's creditors may attach or otherwise reach any such interest. ELEVEN. If any person or institution entitled to share in any distribution. under the terms of this my Last Will and Testament becomes an adverse party in any proceeding to contest the probate of this Last Will and Testament, such person or institution shall forfeit h~.is, her or its entire interest inherited hereunder and all provisions in favor of such person or institution shall be declared void and of no effect. The share of such person or institution so forfeited shall be distributed as part of the residue pursuant to Paragraph Three G. hereof except that if' such person or institution is entitled to share in the said residue, that interest shall be distributed proportionately to the other residuary distributees. 11 ` 1 ~ ; ,I a TWELVE. The validity and administration of any trust established hereur.~der and any question or disputes relating to the construction or interpretation of any said trusts shall be governed and construed in accordance with the laws of the Commonwealth of Pennsylvania. IN WITNESS WHEREOF, I have hereunto set my hand and seal this ~;~~ day of July, 2000. C~~P. ~1~~., ALBERT P. HEUSNER,~JR. Signed, sealed, published and declared by the above-named person as and fo:r a Last Will and Testament, in our presence, who at said person's request, in said person's presence and in the presence of each other have hereunto set our names as subscribing witnesses. iL(1,.J d ~ ~~P 12 • 4 ~ 1 9 ACKNOWLEDGMENT A,ND AFFIDAVIT WE, ALBERT P. HEUSNER , JR., SHARON L. SCHWALM, and MARTHA L. NOEL, the testator and witnesses respectively, whose names are signed to the foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the testator signed and executed the instrument as his last will and that he had signed willingly, and that he executed it as his free and voluntary act for the purpose herein expressed, and thhat each of the witnesses, in the presence and hearing of the testator, signed the will as a witness and that to the best of their knowledge the testator was, at that time, eighteen years of age or older, of sound mind and under no constraint or undue influence. O~.~P.1~.~ ~ ALBERT P. HEUSNER, JR. ~~~~/Gt~.~1_..d1-t ,~~~lJ[j'~ ,mot,-- SHARON L. SCHWALM G1J~c~ r~ ~i'~.19-C~ HA L. NOEL COMMONWEALTH OF PENNSYLVANIA SS: COUNTY OF CUMBERLAND Subscribed, sworn to and acknowledged before me by ALBERT P. HEUSNER, JR., the testator herein, and subscribed and sworn to before me by SHARON L. SCHWALM and MARTHA L. NOEL, witnesses, this 20th day of July, 2000. ~•~ Notary Public Notarial Seal Roger B. Irwin, Notary Public r C~~ lisle Boro, Cumberland County ~ mmission Expires Oct. ,, - "~00 :nnsyl~ania Association; e ~~r-ies ~' U$/~A1~ 9800 Fredericksburg Road San Antonio, Texas 78288 02350.4T9C.JSS128471894.01.01.8 EST OF ALBERT P HEUSNER JR October 26, 2010 IRWIN & MCKNIGHT, P.C. ATTN: MR. ROGER B. IRWIN 60 WEST POM FRET STREET ,,.` CARLISLE, PA 17013-3222 ~' - - Dear Mr. Irwin: USAA is committed to providing excellent service to its members. As you requested, I am providing the following information for the account of the late Albert P. Heusner Jr.. Account Registration: ALBERT P HEUSNER JR USAA ##: 77 95 64 Fund name: Tax Exempt Long-Term Fund CUSIP ##: 903289-10-6 Account # ending in: 8034 The account value on September 19, 2010 was: Share Accrued Account Shares Price Dividends Value 21,041.272 $13.26 $659.67 $279,666.94 If you have questions, please call a USAA member service representative at 1-800-531-USAA (8722). Thank you, USAA Shareholder Account Services 77 95 64-48012-45065-DM02350-SAS.SAS45 54126-0108 ,~ C Estate Valuation Date of Death: 09/19/2010 Estate of: Albert P. Heusner Valuation Date: 09/19/2010 Account: 73H-01600 Processing Date: 10/05/2010 Report Type: Date of Death Number of Securities: 26 File ID: Albert P Heusner 01600 Shares Security Mean and/or Div and. Int Security or Par Description High/Ask Low/Bid Adjustments Accruals Value 1) 45225.03 Cash (CASH) 45,225.03 2) 795 AT&T INC (002068102) COM New York Stock Exchange 09/17/2010 28.32000 28.00000 H/L 09/20/2010 28.63000 28.22000 H/L 28.292500 22,492.54 3) 400 ALLIED IRISH BKS P L C (019228402) SPON ADR ORD New York Stock Exchange 09/17/2010 1.77000 1.67000 H/L 09/20/2010 1.80000 1.65000 H/L 1.722500 689.00 4) 129 COMCAST CORP NEW (20030N101) CL A The NASDAQ Stock Market LLC 09/17/2010 18.01000 17.62000 H/L 09/20/2010 18.30000 17.74000 H/L 17.917500 2,311.36 5) 430.9 DAVIS NY VENTURE FD INC (239080302 ) CL C Mutual Fund (as quoted by NASDAQ) 09/17/2010 29.57000 Mkt. 29.570000 12,741.71 6) 1445 FULTON FINL CORP PA (360271100) COM The NASDAQ Stock Market LLC 09/17/2010 8.70000 8.51000 H/L 09/20/2010 8.83000 8.60000 H/L 8.660000 12,513.70 7) 1200 GENERAL ELECTRIC CO (369604103) COM New York Stock Exchange 09/17/2010 16.42000 16.08000 H/L 09/20/2010 16.60000 16.23000 H/L 16.332500 Div: 0.120000 Ex: 09/16/2010 Rec: 09/20/2010 Pay: 10/25/2010 + 0.120000 16.452500 19,743.00 8) 250 M & T BK CORP (55261F104) COM New York Stock Exchange 09/17/2010 87.83000 86.50000 H/L 09/20/2010 95.00000 86.58000 H/L 88.977500 22,244.38 Div: 0.7 Ex: 08/30/2010 Rec: 09/01 /2010 Pay: 09/3 0/2010 1'75.00 Page 1 Please be aware of the following important information: The attached valuation provides you with the value of the assets of the estate shown on page 1 of this document held through Morgan Stanley Smith Barney LLC, member SIPC (MSSB) as of the date shown on page 1 of this document. The valuation is provided to you using software by Estate Valuations and Pricing Systems, Inc. (EVP), a separate company that is not part of MSSB. MSSB provides the EVP service to you at cost. The references to EVP should in no way be considered to be an endorsement of EVP by MSSB. The purpose of this valuation is solely to assist you in preparing required estate (Form 706) and gift tax returns for submission to the Internal Revenue Service. This report is not an official account statement and while it may contain data regarding income, liabilities, capital gains and losses, it is not an official tax statement. Please refer to the original statement for current account information and any Form 1099's and related materials. All data is believed to be reliable, however, ir_ is not guaranteed for accuracy, or completeness. MSSB and its affiliates do not provide tax or legal advice. To the extent that this material or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor. Access to this information by MSSB, and your FA, does not imply or create new or additional duties to you, new or additional knowledge or information about you, your relationships or your accounts i ~ Date of Death: 09/19/2010 Estate of: Albert P. Heusner Valuation Date: 09/19/2010 Account: 73H-01600 Processing Date: 10/05/2010 Report Type: Date of Death Number of Securities: 26 File ID: Albert P Heusner 01600 Shares Security Mean and/or Div and Int Security or Par Description High/Ask Low/Bid Adjustments Accrual:, Value 9) 400 NEXTERA ENERGY INC (65339F101) COM New York Stock Exchange 09/17/2010 54.12000 53.65000 H/L 09/20/2010 54.51000 53.61000 H/L 53.972500 21,589.00 10) 400 NISOURCE INC (65473P105) COM New York Stock Exchange 09/17/2010 16.98000 16.76000 H/L 09/20/2010 17.27000 16.86000 H/L 16.967500 6,787.00 11) 3025 PFIZER INC (717081103) COM New York Stock Exchange 09/17/2010 17.26000 17.03000 H/L 09/20/2010 17.33000 17.04000 H/L 17,165000 51,924.13 12) 1000 SUSQUEHANNA BANCSHARES INC PA (869099101) COM The NASDAQ Stock Market LLC 09/17/2010 8.94000 8.57000 H/L 09/20/2010 9.05000 8.68000 H/L 8.810000 8,810.00 13) 30000 ALLSTATE BK VERNON HILLS ILL (01989PQC4) Financial Times Interactive Data DTD: 09/19/2007 Mat: 09/19/2012 4.95% 09/17/2010 107.03125 A/B 09/20/2010 107.04360 Mkt 107.037425 32,111.23 Full coupon paid on 09/19/2010 14) 25000 ALLY BK MIDVALE UTAH (02004MYW7) Financial Times Interactive Data DTD: 07/16/2010 Mat: 07/16/2014 2.150 09/1'7/2010 100.00000 A/B 09/20/2010 100.01400 Mkt 100.007000 25,001.75 Int: 07/16/2010 to 09/19/2010 94.06 15) 25000 AMERICAN EXPRESS BK FSB UTAH (02580VBD6) Financial Times Interactive Data DTD: 11/19/2008 Mat: 11/19/2013 4.9% 09/1"7/2010 108.75000 A/B 09/20/2010 108.76250 Mkt 108.756250 27,189.06 Int: 05/19/2010 to 09/19/2010 408.33 16) 25000 BMW BK NORTH AMER UT (05566RQM0) Financial Times Interactive Data DTD: 12/14/2005 Mat: 12/14/2010 4.850 09/17/2010 100.96875 A/B 09/20/2010 100.96870 Mkt 100.968725 25,242.18 Int: 06/14/2010 to 09/19/2010 .'.19.97 Page 2 Please be aware of the following important information: The attached valuation provides you with the value of the assets of the estate shown on page 1 of this document held through Morgan Stanley Smith Barney LLC, member S:IPC (MSSB) as of the date shown on page 1 of this document. The valuation is provided to you using software by Estate Valuations and Pricing Systems, Inc. (EVP), a separate company that is not part of MSSB. MSSB provides the EVP service to you at cost. The references to EVP should in no way be considered to be an endorsement of EVP by MSSB. The purpose o:E this valuation is solely to assist you in preparing required estate (Form 706) and gift tax returns for submission to +:he Internal Revenue Service. This report is not an official account statement and while it may contain data regarding income, liabilities, capital gains and losses, it is not an official tax statement. Please refer to the original statement for current account information and any Form 1099's and related materials. All data is believed to be reliable, however, i.t is not guaranteed for accuracy, or completeness. MSSB and its affiliates do not provide tax or legal advice. To the extent that this material or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor. Access to this information by MSSB, and you:: FA, does not imply or create new or additional duties to you, new or additional knowledge or information about you, your relationships or your accounts • ,* • Date of Death: 09/19/2010 Valuation Date: 09/19/2010 Processing Date: 10/05/2010 Shares Security or Par Description Estate of: Albert P. Heusner Account: 73H-01600 Report Type: Date of Death Number of Securities: 26 File ID: Albert P Heusner 01600 Mean and/or Div and Int Security High/Ask Low/Bid Adjustments Accruals Value 17) 25000 BMW BK NORTH AMER UT (05566RVH5) Financial Times Interactive Data DTD: 03/01/2006 Mat: 03/01/2011 4.95% 09/17/2010 101.93750 A/B 09/20/2010 101.92940 Mkt 101.933450 25,483.36 Int: 09/01/2010 to 09/19/2010 61.88 18) 15000 CAPITAL ONE BK GLEN ALLEN VA (14041AVH9) Financial Times Interactive Data DTD: 12/12/2007 Mat: 12/12/2011 4.5% 09/17/2010 104.43750 A/B 09/20/2010 104.42910 Mkt 104.433300 15,665.00 Int: 06/12/2010 to 09/19/2010 1.81.88 191 25000 CIT BK SALT LAKE CITY UT (17284P2R5) Financial Times Interactive Data DTD: 03/18/2009 Mat: 03/18/2014 3.5% 09/17/2010 104.53125 A/B 09/20(2010 104.52360 Mkt 104.527425 26,131.86 Int: 09/18/2010 to 09/19/2010 2.43 20) 25000 CIT BK SALT LAKE CITY UT (17284P4R3) Financial Times Interactive Data DTD: 04/08/2009 Mat: 04/08/2014 3.5% 09/17/2010 104.53125 A/B 09/20/2010 104.52660 Mkt 104.528925 26,132.23 Int: 04/08/2010 to 09/19/2010 391.32 21) 20000 DISCOVER BK GREENWOOD DEL (25467RBB8) Financial Times Interactive Data DTD: 01/17/2007 Mat: 01/18/2011 5% 09/17/2010 101.40625 A/B 09/20/2010 101.40510 Mkt 101.405675 20,281.14 Int: 07/17/2010 to 09/19/2010 172.22 22) 25000 DISCOVER BK GREENWOOD DEL (25467RG56) Financial Times Interactive Data DTD: 07/11/2007 Mat: 07/11/2012 5.35% 09/17/2010 107.31250 A/B 09/20/2010 107.32740 Mkt 107.319950 26,829.99 Int: 07/11/2010 to 09/19/2010 252.64 23) 50000 EASTERN SVGS BK HUNT VY MD (27689NDS6) Financial Times Interactive Data DTD: 12/28/2005 Mat: 12/28/2010 4.8% 09/17/2010 101.12500 A/B 09/20/2010 101.11870 Mkt 101.121850 50,560.93 Int: 06/28/2010 to 09/19/2010 540.00 Page 3 Please be aware of the following important information: The attached valuation provides you with the value of the assets of the estate shown on page 1 of this document held through Morgan Stanley Smith Barney LLC, member SIPC (MSSB) as of the date shown on page 1 of this document. The valuation is provided to you using software by Estate Va1L.ations and Pricing Systems, Inc. (EVP), a separate company that is not part of MSSB. MSSB provides the EVP service to 'you at cost. The references to EVP should in no way be considered to be an endorsement of EVP by MSSB. The purpose of this valuation is solely to assist you in preparing required estate (Form 706) and gift tax returns for submission to the Internal Revenue Service. This report is not an official account statement and while it may contain data regarding ir..come, liabilities, capital gains and losses, it is not an official tax statement. Please refer to the original statement for current account information and any Form 1099's and related materials. All data is believed to be reliable, however, it is not guaranteed for accuracy, or completeness. MSSB and its affiliates do not provide tax or legal advice. To the extent that this material or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Any such taxpayer should seek advice based. on the taxpayer's particular circumstances from an independent tax advisor. Access to this information by MSSB, and your :FA, does not imply or create new or additional duties to you, new or additional knowledge or information about you, your relationships or your accounts ~ a ~ Date of Death: 09/19/2010 Estate cif: Albert P. Heusner Valuation Date: 09/19/2010 Account: 73H-01600 Processing Date: 10/05/2010 Report: Type: Date of Death Number of Securities: 26 File ID: Albert P Heusner 01600 Shares Security Mean and/or Div anti InY_ Security or Par Description High/Ask Low/Bid Adjustments Accruals Value 24) 25000 FIRESIDE BK PLEASTON CALIF (318233JT1) Financial Times Interactive Data DTD: 07/14/2006 Mat: 07/14/2011 5.6% 09j17/2010 104.03125 A/B 09/20/2010 104.02070 Mkt 104.025975 26,006.49 Int: 07/14/2010 to 09/19/2010 25) 20000 GE CAP FINL INC RETAIL (36160TFR2) Financial Times Interactive Data DTD: 01/23/2009 Mat: 01/23/2012 3% 09/17/2010 102.75000 A/B 09/20/2010 102,75820 Mkt 102.754100 Int: 07/23/2010 to 09/19/2010 26) 50000 M&I MARSHALL&ILSLEY BK WIS (55405FFG9) Financial Times Interactive Data DTD: 01/16/2008 Mat: 01/16/2013 4.6s 09/17/2010 106.90625 A/B 09/20f2010 106.90800 Mkt 106.907125 Int: 07/16/2010 to 09/19/2010 Total Value: Total Accrual: Total: $631,058.79 252.78 20,550.82 93.33 53,453.56 402.50 $627,710.45 $3,348.34 Page 4 Please be aware of the following important information: The attached valuation provides you with the value of the assets of the estate shown on page 1 of this document held through Morgan Stanley Smith Barney LLC, member SIPC (MSSB) as of the date shown on page 1 of this document. The valuation is provided to you using software by Estate Valuations and Pricing Systems, Inc. (EVP), a separate company that is not part of MSSB. MSSB provides the EVP service to you at cost. The references to EVP should in no way be considered to be an endorsement of EVP by MSSB. The purpose of this valuation is solely to assist you in preparing required estate (Form 706) and gift tax returns for submission to the Internal Revenue Service. This report is not an official account statement and while it may contain data regarding income, liabilities, capital gains and losses, it is not an official tax statement. Please refer to the original statement for current account information and any Form 1099's and related materials. All data is believed to be reliable, however, :it. is not guaranteed for accuracy, or completeness. MSSB and its affiliates do not provide tax or legal advice. To the c>xtent that this material or any attachment concerns tax matters, it is not intended to be used and cannot be used by <~ taxpayer for the purpose of avoiding penalties that may be imposed by law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor. Access to this information by MSSB, and your F'A, does not imply or create new or additional duties to you, new or additional knowledge or information about you, you:. relationships or your accounts ~. I Date of Death: Valuation Date: Processing Date: Shares or Par 09/19/2010 09/19/2010 10/06/2010 Security Description Estate Valuation gh/Ask Low/Bid Estate of: Albert P. Heusner Account: 73H-60239-10 Report Type: Date of Death Number of Securities: 12 File ID: Albert P Heusner 60239 Mean and/or Div and Int Security Adjustments Accruals Value 1) 890.36 Cash (CASH) 890.36 2) 1539.78 DAVIS NY VENTURE FD INC (239080302) CL C Mutual Fund (as quoted by NASDAQ) 09/17/2010 29.57000 Mkt 29.570000 45,531.29 3) 1338.81 INCOME FD AMER I NC (453320301) CL C Mutual Fund (as quoted by NASDAQ) 09!17/2010 15.59000 Mkt 15.590000 20,872.05 Div: 0.1333 Ex: 09/17/2010 Rec: 09/17/2010 Pay: 09/20/2010 :178.46 4) 12000 AMERICAN EXPRESS CENTURION BK (02586T2M5) Financial Times Interactive Data DTD: 11/18/2009 Mat: 11/18/2013 2.75% 09/17/2010 102.21875 A/B 09/20/2010 102.23090 Mkt 102.224825 12,266.98 Int: 05/18/2010 to 09/19/2010 :110.92 5) 10000 AMERICAN EXPRESS CENTRN (02586VCM9) Financial Times Interactive Data DTD: 02/03/2010 Mat: 02/03/2015 2.8% 09/17/2010 102.34375 A/B 09/20/2010 102.35300 Mkt 102.348375 10,234.84 Int: 08/03/2010 to 09/19/2010 35.78 6) 10000 BMW BK NORTH AMER UTAH (05568PCQ8) Financial Times Interactive Data DTD: 10/10/2007 Mat: 10/12/2010 4.75s 09/17/2010 100.21875 A/B 09/20/2010 100.21490 Mkt 100.216825 10,021.68 Int: 04/10/2010 to 09/19/2010 209.78 7) 5000 BMW BK NORTH AMER UTAH (05568PCR6) Financial Times Interactive Data DTD: 10/10/2007 Mat: 10/11/2011 4.8% 09/17/2010 104.25000 A/B 09/20/2010 104.23640 Mkt 104.243200 5,212.16 Int: 04/10/2010 to 09/19/2010 106.00 8) 14000 BANK AMER NA CHARLOTTE NC (06051VRG3) Financial Times Interactive Data DTD: 05/26/2010 Mat: 05/28/2013 1.9% 09/17/2010 100.93750 A/B 09/20/2010 100.93580 Mkt 100.936650 14,131.13 Int: 05/26/2010 to 09/19/2010 83.49 Page 1 Please be aware of the following important information: The attached valuation provides you with the value of the assets of the estate shown on page 1 of this document held through Morgan Stanley Smith Barney LLC, member SIF?C (MSSB) as of the date shown on page I of this document. The valuation is provided to you using software by Estate Valuations and Pricing Systems, Inc. (EVP), a separate company that is not part of MSSB. MSSB provides the EVP service to you at Cost. The references to EVP should in no way be considered to be an endorsement of EVP by MSSB. The purpose of this valuation is solely to assist you in preparing required estate (Form 706) and gift tax returns for submission to the Internal Revenue Service. This report is not an official account statement and while it may contain data regarding income, liabilities, capital gains and losses, it is not an official tax statement. Please refer to the original statement for current account information and any Form 1099's and related materials. All data is believed to be reliable, however, it is not guaranteed for accuracy, or completeness. MSSB and its affiliates do not provide tax or legal advice. To the extent that this material or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor. Access to this information by MSSB, and your FA, does not imply or create new or additional duties to you, new or additional knowledge or information about you, your relationships or your accounts .~ ~` Date of Death: 09/19/2010 Estate of: Albert P. Heusner Valuation Date: 09/19/2010 F~ccount: 73H-60239-10 Processing Date: 10/06/2010 Report. Type: Date of Death Number of Securities: 12 File ID: Albert: P Heusner 60239 Shares Security Mean and/or Div and Int: Security or Par Description High/Ask Low/Bid Adjustments Accruals Value 9) 10000 BARCLAYS BK DEL (06740KDF1) Financial Times Interactive Data DTD: 02/03/2010 Mat: 02/03/2014 2.35% 09/17j2010 101.28125 A/B 09/20/2010 101.29630 Mkt 101.288775 10,128.88 Int: 08/03/2010 to 09/19/2010 30.03 10) 10000 CAPITAL ONE NATL ASSN VA (14042EBJ8) Financial Times Interactive Data DTD: 12/12/2007 Mat: 12/13/2010 4.4% 09/17/2010 100.87500 A/B 09/20/2010 100.85790 Mkt 100.866450 10,086.65 Int: 06/12/2010 to 09/19/2010 1:18.56 11) 10000 DISCOVER BK GREENWOOD DEL (25469JYM5) Financial Times Interactive Data DTD: 11/12/2008 Mat: 11/14/2011 4.5% 09/17/2010 104.18750 A/B 09/20/2010 104.19540 Mkt 104.191450 10,419.15 Int: 05/12/2010 to 09/19/2010 158.75 12) 12000 GE CAP FINL INC RETAIL (36160THJ8) Financial Times Interactive Data DTD: 05/20/2009 Mat: 05/21/2012 3.1% 09/17/2010 103.25000 A/B 09/20/2010 103.24650 Mkt 103.248250 12,389.79 Int: 05/20/2010 to 09/19/2010 122.97 Total Value: $162,184.96 Total Accrual: $1,154.75 Total: $1 63,339.71 Page 2 Please be aware of the following important information: The attached valuation provides you with the ,value of the assets of the estate shown on page 1 of this document held through Morgan Stanley Smith Barney LLC, member SI1?C (MSSB) as of the date shown on page 1 of this document. The valuation is provided to you using software by Estate Valu<~tions and Pricing Systems, Inc. (EVP), a separate company that is not part of MSSB. MSSB provides the EVP service to you at cost. The references to EVP should in no way be considered to be an endorsement of EVP by MSSB. The purpose of this valuation is solely to assist you in preparing required estate (Form 706) and gift tax returns for submission to the Internal Revenue Service. This report is not an official account statement and while it may contain data regarding income, liabilities, capital gains and losses, it is not an official tax statement. Please refer to the original statement for current account information and any Form 1099's and related materials. All data is believed to be reliable, however, .it is not guaranteed for accuracy, or completeness. MSSB and its affiliates do not provide tax or legal advice. To the extent that this material or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor. Access to this information by MSSB, and your FA, does not imply or create new or additional duties to you, new or additional knowledge or information about you, your. relationships or your accounts 1 P Estate Valuation Date of Death: 09/19/2010 Valuation Date: 09/19/2010 Processing Date: 10/06/2010 Shares Security or Par Description High/Ask Low/Bid 11 1966.33 Cash (CASH) 2) 10000 ALLSTATE BK VERNON HILLS ILL (01989PQG5) Financial Times Interactive Data DTD: 10/10/2007 Mat: 10/10/2012 4.7~ 09!17/2010 09/20/2010 Int: 04/10/2010 to 09/19/2010 3) 10000 AMERICAN EXPRESS CENTURION BK (02586TCK8) Financial Times Interactive Data DTD: 12/17/2008 Mat: 12/19/2011 3.75$ 09/17/2010 09/20/2010 Int: 06/17/2010 to 09/19/2010 4) 5000 BMW BK NORTH AMER UTAH (05568PCR6) Financial Times Interactive Data DTD: 10/10/2007 Mat: 10/11/2011 4.8~ 09/17/2010 09/20/2010 Int: 04/10/2010 to 09/19/2010 5) 11000 DISCOVER BK GREENWOOD DEL (254670RJ3) Financial Times Interactive Data DTD: 11/12/2009 Mat: 11/12/2014 3.2~ 09!17/2010 09/20/2010 Int: 05/12./2010 to 09/19/2010 6) 10000 GOLDMAN SACHS BK USA UT (381426PW9) Financial Times Interactive Data DTD: 10/15/2008 Mat: 10/15/2013 5~ 09/17/2010 09!20/2010 Int: 04/15/2010 to 09/19/2010 Total Value: Total Accrual: Total: $51,206.53 Estate of: Albert P. Heusner Account: 73H-60240-17 Report Type: Date of Death Number of Securities: 6 File ID: Albert P Heusner 60240 Mean and/or Div and ]:nt Security Adjustments Accruals Value 1,966.33 106.65625 A/B 106.66410 Mkt 106.660175 103.56250 A/B 103.56320 Mkr_ 103.562850 104.25000 A/B 104.23640 Mkt 104.243200 103.31250 A/B 103.32420 Mkt 103.318350 108.93750 A/B 108.92700 Mkt 108.932250 10,666.02 207.58 10,356.29 95.83 5,212.16 106.00 11,365.02 124.18 10,893.23 2:3.89 $50,459.05 $717.48 Page 1 Please be aware of the following important information: The attached valuation provides you with the value of the assets of the estate shown on page 1 of this document held through Morgan Stanley Smith Barney LLC, member SIPC' (MSSB) as of the date shown on page 1 of this document. The valuation is provided to you using software by Estate Valuations and Pricing Systems, Inc. (EVP), a separate company that is not part of MSSB. MSSB provides the EVP service to you at cost. The references to EVP should in no way be considered to be an endorsement of EVP by MSSB. The purpose of this valuation is solely to assist you in preparing required estate (Form 706) and gift tax returns for submission to the Internal Revenue Service. This report is not an official account statement and while it may contain data regarding income, liabilities, capital gains and losses, it is not an official tax statement. Please refer to the original statement i.or current account information and any Form 1099's and related materials. All data is believed to be reliable, however, it: is not guaranteed for accuracy, or completeness. MSSB and its affiliates do not provide tax or legal advice. To the extent That this material or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor. Access to this information by MSSB, and your F'A, does not imply or create new or additional duties to you, new or additional knowledge or information about you, your relationships or your accounts