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HomeMy WebLinkAbout07-15-11 (2) 1505610140 REV-1500 EX (01-10) PA Department of Revenue ~~ Bureau of Individual Taxes County Code Year File Number PO BOX 280601 INHERITANCE TAX RETURN Harrisburg, PA 17128-0601 RESIDENT DECEDENT 2 1 1 1 0 0 0 3 ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 1 7 4 0 5 2 2 0 2 1 2 2 0 2 0 1 0 0 5 2 1 1 9 1 6 Decedent's Last Name Suffix Decedent's First Name MI B A R N E S Z E L D A M (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number FILL IN APPROPRIATE OVALS BELOW 1. Original Return 4. Limited Estate 6. Decedent Died Testate (Attach Copy of Will) 9. Litigation Proceeds Received THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS 2. Supplemental Return 4a. Future Interest Compromise (date of death after 12-12-82) 7. Decedent Maintained a Living Trust (Attach Copy of Trust) 10. Spousal Poverty Credit (date of death between 12-31-91 and 1-1-95) 3. Remainder Return (date of death prior to 12-13-82) 5. Federal Estate Tax Return Required 8. Total Number of Safe Deposit Boxes 11. Election to tax under Sec. 9113(A) (Attach Sch. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number W I L L I A M A D U N C A N 7 1 7 2 4 9 7 7._8 0 First line of address 1 I R V I N E Second line of address City or Post Office C A R L I S L E State P A ZIP Code L 1 7 0 1 3 c~ __ REGISTER OLS USE O~Y -~. ~ -~~ ~ ~ ~ t.._.. ~ Uj ~ CJ'I o -z-t ~ D DATE FILED s ,,~, ~. Correspondent's a-mail address: b 1 11 d U n C a n~ p a• n e t 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 complete. D claration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIG F PERSON R ONSI F FILING RETU ~ ~ " DATE 98 CREEK DRIVE MILROY PA 1?063 SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE DATE ADDRESS PLEASE USE ORIGINAL FORM ONLY Side 1 15056101,40 R 0 W 1505610140 ~uc'' J 1505610240 REV-1500 EX Decedent's Social Security Num ber decedent's Name: Z E L D A M• BARNES 1 7 4 0 5 2 2 0 2 RECAPITULATION 1. Real Estate (Schedule A) ....................................... .... 1. 5 3 0 0 0• 0 0 2. Stocks and Bonds (Schedule B) .................................. .... 2. • 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. 1 0 2 2 9 . 1 1 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ... .... 6. 1 3 2 9 0 . 6 9 7. Inter-Vivos Transfers 8 Miscellaneous Non-Probate Property (Schedule G) ~ Separate Billing Requested ... .. 7. 8. Total Gross Assets (total Lines 1 through 7) ....................... .... 8. 7 6 5 1 9 . 8 0 9. Funeral Expenses and Administrative Costs (Schedule H) ........ ...... .... 9. 1 4 2 1 0 . 6 4 10. Debts of Decedent, Mortgage Liabilities, and Liens (Schedule I) ... ...... .. . . 10. 5 6 1 4 0 . 0 3 11. Total Deductions (total Lines 9 and 10) ..................... ...... .... 11. 7 0 3 5 0 . 6 7 12. Net Value of Estate (Line 8 minus Line 11) .................. ...... .... 12. 6 1 6 9 . 1 3 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. 6 1 6 9 . 1 3 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 0 0 0 15. 0. 0 0 16. Amount of Line 14 taxable at lineal rate X .045 6 1 6 9. 1 3 1 s. 2 7 7. 6 1 17. Amount of Line 14 taxable at sibling rate X .12 0 0 0 17. 0. 0 0 18. Amount of Line 14 taxable at collateral rate X .15 0 0 0 1 g. 0. 0 0 19. TAX DUE ............................................. ..... .... 19. 2 ~ ~ • 6 1 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 1505610240 1505610240 J :EV-1500 EX Page 3 Decedent's Complete Address: File Number 21 11 0003 DECEDENT'S NAME ~ZELDA ~1 • BARNES ~ STREET ADDRESS I54 E• LOUTHER STREET --- CITY 'STATE ZIP CARLISLE PA 17013 Tax Payments and Credits: ~ ~ Tax Due (Page 2, Line 19) 2. Credits/Payments A. Prior Payments B. Discount 3. Interest 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. (1) 277.61 Total Credits (A + B) (2) 0 - 0 0 (3) (4) 0.0 0 (5) 277.61 Make check payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1, Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred : .................................................................. .... ^ Q b. retain the right to designate who shall use the property transferred or its income; ........................... .... ^ Q c. retain a reversionary interest; or ............................................................................................ .... ^ ^X 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? ................................................................................... .... ^ Q 3. Did decedent own an "in trust for" or payable-upon-death bank account or security at his or her death? ..... .... ^ Q 4. Did decedent own an individual retirement account, annuity or other non-probate property, which contains a beneficiary designation? .............................................................................................. .... ~ ^ 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 is 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 use 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, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. ,tEV-1502 EX+ (01-10) pennsylvania SCHEDULE A DEPARTMENT OF REVENUE REAL ESTATE INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: ZELDA M• BARNES 21 11 0003 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 that is jointly-owned with right of survivorship must be disclosed on Schedule F. Attach a copy of the settlement sheet if the property has been sold. ITEM Include a copy of the deed showing decedent's interest if owned as tenant in common. VALUE AT DATE NUMBER OF DEATH DESCRIPTION 1- 54 E• LOUTHER STREET 53,000.00 CARLISLE, PA 17013 ESEE ATTACHED APPRAISALI THE REAL ESTATE WAS SUBJECT TO A REVERSE MORTGAGE IN FAVOR OF REVERSE MORTGAGE SOLUTIONS, INC• WITH A PRINCIPAL BALANCE AS OF MAY 17, 2011 OF $78,675.94 TOGETHER WITH ACCRUED INTEREST MAKING A PAYOFF FOR FEBURARY 6, 2011 OF $89,941.46- BY TERMS OF THE REVERSE MORTGAGE THE EXECUTOR DEEDED THE SUBJECT PREMISES TO RMS ON MAY 23, 2011 IN FULL SATISFACTION OF SAID DEBT ESEE ATTACHED3 TOTAL (Also enter on Line 1, Recapitulation.) I ~ 5 3 , 0 0 0 • 0 0 If more space is needed, use additional sheets of paper of the same size. REV-1508 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF FILE NUMBER ZELDA M- BARNES 21 11 0003 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH ~. SOVEREIGN BANK SAVINGS ACCOUNT # 1674008162 1,983.76 ESEE DOD LETTER ATTACHEDI ~. SOVEREIGN BANK C-D- # 1675204588 3,389.95 ESEE DOD LETTER ATTACHEDI 2- M8T BANK ACCOUNT # 2674065202 2,877.39 ESEE DOD LETTER ATTACHEDI 3- REFUND 6.26 4- CUMBERLAND COUNTY EMPLOYEE RETIREMENT PLAN REFUND 27.92 5- CUMBERLAND COUNTY EMPLOYEE RETIREMENT PLAN REFUND 27.92 6• ROWE'S AUCTION PROCEEDS 1,840.85 7- CUMBERLAND COUNTY EMPLOYEE RETIREMENT PLAN REFUND 10.69 8- CENTURYTEL, INC- REFUND 11.03 9• PPL REFUND 53.34 TOTAL (Also enter on line 5, Recapitulation) ( $ ], 0 , 2 2 9 - 11 (If more space is needed, insert additional sheets of the same size) REV-1509 EX+ (01-10) pennsylvania DEPARTMENT OF REVENUE INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE F JOINTLY-OWNED PROPERTY ESTATE OF: FILE NUMBER: ZELDA M• BARNES 21 11 0003 If an asset was made jointly owned within one year of the decedent's date of death, it must be reported on Schedule G. SURVIVING JOINT TENANT(S) NAME(S) ADDRESS RELATIONSHIP TO DECEDENT A. WILLIAM R• BARNES B c JOINTLY-OWNED PROPERTY: 98 CREEK DRIVE MILROY, PA 17063 SON ITEM NUMBER LETTER FOR JOINT TENANT DATE MADE JOINT DESCRIPTION OF PROPERTY INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECEDENT'S INTEREST DATE OF DEATH VALUE OF DECEDENT'S INTERESI 1. A. 7/02 SOVEREIGN C•D• 13,002.99 50• 6,501.50 # ],675206898 ESEE DOD LETTER ATTACHED3 2• A• 1,1/79 M&T BANK ACCOUNT # 21000000003875 13,578.38 50• 6,789.19 TOTAL (Also enter on Line 6, Recapitulation) I S 13 , 2 9 0 • 6 9 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 ZELDA M• BARNES 21 11, 0003 Decedent's debts must be reported on Schedule 1. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. EWING BROTHERS FUNERAL HOME 8,732.23 2• FUNERAL LUNCHEON 480.00 3• CARLISLE MEMORIAL SERVICE GRAVE MARKER LETTERING 1,85.00 B. 2. 3. 4 5 6 7. 8• 9. City State ZIP ADMINISTRATIVE COSTS: Personal Representative Commissions: Name(s) of Personal Representative(s) Street Address Year(s) Commission Paid: Attorney Fees: DUNCAN & HARTMAN, PC Family Exemption: (If decedents address is not the same as claimant's, attach explanation.) Claimant Street Address City State ZIP Relationship of Claimant to Decedent Probate Fees: REGISTER OF WILLS Accountant Fees: Tax Return Preparer Fees: CUMBERLAND LAW JOURNAL - LEGAL NOTICE THE SENTINEL - LEGAL AD HELD IN RESERVE 3, 825.99 335.50 75.00 176.92 400.00 TOTAL (Also enter on Line 9, Recapitulation) I $ 14 , 210 • 6 4 If more space is needed, use additional sheets of paper of the same size. ~~EV-1512 EX+ (12-08) pennsylvania SCHEDULE I DEPARTMENT OF REVENUE DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES & LIENS RESIDENT DECEDENT , ESTATE OF FILE NUMBER ZELDA M• BARNES 21 11 0003 Report debts incurred by the decedent prior to death that remained unpaid at the date of death, including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. SOVEREIGN BANK DATE OF DEATH LETTER FEE 20.00 2• REIMBURSEMENT MILEAGE CLEAN OUT HOUSE 236.00 3• ERIE INSURANCE GROUP - HOMEOWNER'S INSURANCE 412.00 4• REIMBURSEMENT MILEAGE FUNERAL ARRANGEMENTS 406.00 5• MISCELLANEOUS EXPENSES 251.13 6• BOROUGH OF CARLISLE - WATER & SEWER BILLING 65.94 7• DELUXE CHECKS 21.75 8- PPL ELECTRIC BILLING 54.34 9• PPL ELECTRIC BILLING 57.20 10• UGI 70.00 11• REIMBURSEMENT MILEAGE & HOUSE CLEARING ITEMS 397.92 12• CENTURYLINK 11.03 13• DIVERSIFIED APPRAISAL SERVICE - PROPERTY APPRAISAL 300.00 14• CENTURYLINK 11.03 15• CUMBERLAND COUNTY RETIREMENT FUND 55.84 TOTAL (Also enter on Line 10, Recapitulation) I ~ 5 6 ,14 0 • 0 3 If more space is needed, insert additional sheets of the same size. Continuation of REV-1500 Inheritance Tax Return Resident Decedent ZELDA M. BARNES decedent's Name Page 1 21 11 0003 File Number Schedule I - Debts of Decedent, Mortgage Liabilities, & Liens ITEM NUMBER DESCRIPTION AMOUNT L6• CENTURYL INK 11.03 L7• UGI 71.00 18- BOROUGH OF CARLISLE WATER/SEWER BILL 65.94 19• UGI 71.00 20• REIMBURS MENT - GAS & MISC• CLEAN OUT HOUSE 348.00 21• UGI 145.37 22• BOROUGH OF CARLISLE WATER/SEWER BILL 57.51 23- MORTGAGE ON PROPERTY AT 54 E- LO UTHER ST•, CARLISLE 53,000.00 RMS SOLU TIONS THE REAL ESTATE WAS SUBJECT TO A REVERSE MORTGAGE IN FAVOR OF REVERSE MORTGAGE SOL UTIONS, INC• WITH A PRINCIPA L BALANCE AS OF MAY 17, 2011 OF $78,675.94 TOGETHER WITH ACCRUED INTEREST M AKING A PAYOFF FOR FEBRUARY 6, 2011 OF $89,941.46• BY TERMS OF THE REVERSE MORTGAGE THE EXECUTOR DE EDED THE SUBJECT PREMISES TO RMS ON MAY 23, 2011 IN FULL SATISFACTION OF SAID DEBT SEE ATTACHED SUBTOTAL SCHEDULE I 5 3, 7 6 9. 8 5 GRAND TOTAL SCHEDULE I S 56,140.03 <EV-1513 EX+ X01-10) pennsylvania ~ SCHEDULE J DEPARTMENT OF REVENUE ~~~~~~~~~~~~~ INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF: FILE NUMBER: ZELDA M• BARNES ~y Ly UUU~ RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE ( TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under Sec. 9116 (a) (1.2).] 1. WILLIAM RANDOLPH BARNES Lineal 98 CREEK DRIVE 100 MILROY, PA 17063 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER S HEET, AS APPROPRIATE. ((. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: 1. 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $ If more space is needed, use additional sheets of paper of the same size. ~'tt~t i11 ttn~ ~~~tttm~tt# 11~ I, Zelda M. Barnes, of 54 East Louther Street, Carlisle, Cumberland County, Pennsylvania, being of sound and disposing mind, memory and understanding, do hereby make, publish and declare this as and for my Last Will and Testament, hereby revoking any and all other wills and codicils heretofore made by me. FIRST. I direct that all my just debts and funeral expenses be paid from my estate as soon after my death as practically and conveniently maybe done. SECOND. I direct that my remains be interred beside my loving husband, Aaron Barnes, in Mt. Zion Cemetery. THIRD. I authorize my personal representative to expend funds from my estate, in such amounts as my personal representative shall consider necessary and desirable for the purchase, erection and inscription of a suitable marker for my grave. FOURTH. I give, devise and bequeath any and all tangible personal property owned by me at the time of my death unto my son, William Randolph Barnes, provided he survives me by thirty (30) days. In the event he fails to survive me by thirty (30) days, I give, devise and bequeath all said tangible personal property unto Deborah Kauffman. FIFTH. I give, devise and bequeath any and all real estate owned by me at the time of my death, unto my son, William Randolph Barnes, provided he survives me by thirty days. In the event he fails to survive me by thirty (30) days, I give, devise and bequeath all said real estate unto Deborah Kauffinan. SIXTH. I give, devise and bequeath all the rest, residue and remainder of my estate unto my son, William Randolph Barnes, provided he survives me by thirty (30) days. In the event he fails to survive me by thirty (30) days, I give, devise and bequeath all the rest, residue and remainder of my estate unto Deborah Kauffinan. SEVENTH. I direct that any and all Inheritance, Estate and Transfer taxes imposed upon my estate passing under my will or otherwise, shall be paid out of tz'~e principal of my residuary estate. EIGHTH. I hereby nominate, constitute and appoint my son, William Ranclc~ Barnes as Executor of this my Last Will and Testament. In the event of renunciati~, death, resignation or inability to act for any reason whatsoever of William Randolph Barnes, I nominate, constitute and appoint Deborah Kauffman as Executrix of this my Last Will and Testament. I hereby relieve my Executor from the necessity of posting security in connection with his duties, as such, in any jurisdiction in which he may be called upon to act insofar as I am able by law to do so. In addition to the powers conferred by law, I authorize my Executor, in his absolute discretion, to retain- in the form received, and to sell either at public or private sale any real or personal property owned by me at the time of my death. NINTH. I have made, or may from time to time make, a written memorandum expressing my desire to give certain items of personal property to specific persons. I urge my Executor and beneficiaries to respect these wishes. Such a memorandum, if made, shall be stored in conjunction with this Will. IN WITNESS WHEREOF, I have hereunto set my hand and seal to this, my Last Will and Testament, consisting of two typewritten pages this ~ S/~!, day of June, 1999. F~~' Ze a M. Barnes Signed, sealed, published and declared by the above named Testatrix Zelda M. Barnes as and for her Last Will and Testament, in the presence of us, who, at her request, in her sight and presence and in the sight and presence of each other, have hereunto subscribed our names as witnesses. COMMONWEAL TH OF PENNSYL VANIA COUNTY OF CUMBERLAND SS. I, Zelda M. Barnes, Testatrix whose name is signed to the attached or foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed and executed the instrument as my Last Will; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. Z a M. Barnes Sworn or affirmed to and acknowledged before me, by Zelda M. Barnes this ,~ ~~ti day of June, 1999. Notarial Sep i?ubRC Velda M. Sense, Notary Shippensburg Bono, Cumberland County iVly Commigsic~~ Expires Apr. 16, 2002 Notary Public COMMONWEALTH OF PENNSYL VANIA SS. COUNTY OF CUMBERLAND We, ~-n~ a v. at.~- /I')^ rntc sS e ~ and W i ~ t t ~,~-~ ~, ~ tJ~lC~ln the witnesses whose names are signed to the attached or foregoing instrument, being duly qualified according to law, do depose and say that we were present and saw Zelda M. Barnes sign and execute the instrument as her Last. Will; that (name of wife) signed willingly and that Zelda M. Barnes executed as her free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the Testatrix signed the will as witnesses; and that to the best of our knowledge, the Testatrix was at that time eighteen (18) or more years of age, of sound mind and under no constraint or undue influence. Sworn or affirmed to and subscribed before me by ~rr.a~~al7`~ Yy,,u.s S ~ r and yf; 1~iA~ ,~v't'IGcaY? ,witnesses, this .z ~ f ~ day of June, 1999. ~-~e~'.~~-~-tiG~-- Notary Public Notarial seal Velda M. Seams, Notary PubNC Shippensburg Bo% Cumberland County My Commission Expires Apr. 16, 2002 amanQa m n1uuaaeK ~~J~,~,4,~,v~^c a,~,l APPRAISAL OF REAL PROPERTY LOCATED AT 54 E. Loather Street Carlisle, PA 17013 Deed Book 200812154 FOR Estate of Zelda Mae Games OPINION OF YALUE 53,000 AS OF December 20, 2010 BY ~ Susan B. Burkhdder State Certified Residential Appraiser, RL-000659-L Diversified Appraisal Servioee 35 E. High Street, Suite 101, Carlisle, PA 17013 717-249-2758 sue. burkholder~gmai I. com `"". j '; "~...~ u Form GA1V -'TOTAL fa Windows' appraisal software by a la mode, inc. -1-800-ALAMODE ~~'. .~- R S Reverse Mortgage Solutions, Inc. 2727 Spring Creek Drive Spring, TX 77373 RANDY BARNES PO BOX 631 MtLROY, PA 17063 Property: 54 EAST LOUTHER STREET CARLISE, PA 17013 Loan #: 3000010666 Dear RANDY BARNES, January O7, 2011 We would like to extend our condolences for your loss. Thank you for keeping us informed on the status of the property. If you have not already done so, please forward a copy of the death certificate and proof of probate documents as soon as possible for our file. There will be no further advances made from the account. However, please be aware that Interest and Service Fees will continue to accrue until the mortgage is paid in full. It is in the best interest of the estate to repay the loan as soon as possible. The taxes and homeowners insurance must be current and are the responsibility of the estate. We will need the executor/administrator of the estate to provide us with the estate tax identification number for IRS reporting purposes. As of 01/07/2011, the amount required to payoff the loan balance in full by 02/06/2011 is $89,941.46. If you believe that this figure is more than the value of the property, it is your responsibility to arrange for an appraisal at your expense. We ask that you keep us informed of your efforts to sell the property, as extensions may be granted if it is determined that a good faith effort is being made to sell the property. We may consider accepting adeed-in-lieu of foreclosure provided the property is free or can be freed of any liens or encumbrances other than the Secretary-held mortgage. Should you have any questions, please feel free to contact us. Sincerely, Melinda Penny Loan Skey: 7827 Page # 1 2727 Spring Creek Drive, Spring, TX 77373 Phone (866} 503-5559 ~ Fax (866) 790-3451 -TTY/TDD (866} 827-6697 R S Reverse Mortgage Solutions, Inc. January 0 7, 2011 2727 Spring Creek Drive Spring, TX 77373 REVERSE MORTGAGE REPAYMENT PROCEDURES AND TIMELINE • The reverse mortgage is due and payable when all borrowers have passed away or moved out of the property on a permanent basis. The mortgage can also be called due and payable upon approval from the Secretary of Housing and Urban Development (HUD) for Tax and/or Insurance Defaults and non-completion of required repairs. • As long as the borrower (or estate) is actively working to satisfy the debt, HUD's preliminary repayment timeline is 6 months after the borrower's Due and Payable date (or date of death). If the case warrants, Reverse Mortgage Solutions, Inc. has the right to begin foreclosure as early as 30 days from the date of this repayment demand letter. • After 6 months, HUD requires written requests for extensions every 90 days. These requests should be sent to Reverse Mortgage Solutions, Inc. 30 days before the expiration date. They should include the reason the extension is needed, the action the estate is taking to repay the loan, and any documentation supporting your claim. With the extensions, the maximum timeline for repayment is one year from the borrower's Due and Payable date (or date of death). • Reverse Mortgage Solutions, Inc. is required to begin foreclosure on Due and Payable reverse mortgages no later than one year after the date of death or default. A reverse mortgage in foreclosure can be paid off, however all expenses related to foreclosure will be added to the payoff figure. There may be a point during the foreclosure process in which apre-foreclosure sale payoff deadline is set. Please call Reverse Mortgage Solutions, Inc. to find out if such a deadline applies. • To obtain a payoff figure, please submit a written request to our office. By mail: Reverse Mortgage Solutions, Inc. Attn: Reverse Mortgage Payoff Dept. 2727 Spring Creek Drive Spring, TX 77373 By fax: (866) 790-3451 Loan Skey: 7827 Page # 2 2727 Spring Creek Drive, Spring, TX 77373 Phone ($66) 503-5559 ~- Fax ($66) 790-3451 ~ TTYITDD (866) $27-6697 Prepared By: Jeff Nefferdorf Goldbeck McCafferty 6x McKeever 701 Market Street, Suite 5000 Phila., PA 19106 liberty Bell Agency, Inc. 701 Market Street, Suite 6001 Phila., PA 19106 Tax Parcel No. 02-21-0320-063 DEED IN LIEU OF MORTGAGE FORECLOSURE PREMISES: 54 East Louther Street, Carlisle, A 17013 THIS INDENTURE made the !/ da of Y 2011, between WILLIAM R.ANDOLPH BARNES, EXECUTOR OF THE ESTATE OF ZEL A M. BARNES (hereinafter called Grantors), and REVERSE MORTGAGE SOLUTIONS, INC FOR HE BENEFIT OF BANK OF AMERICA, NA, (hereinafter called Grantee). WITNESSETH that the said Grantors for and in consideration of the sum of Ten (10.00) Dollars lawful money of the United States of America, unto the Grantors well and truly paid by the said Grantee at or before the sealing and delivery hereof, the receipt whereof is hereby acknowledged, have granted, bargained and sold, aliened, enfeoffed, released and confirmed, and by these presents do grant, bargain and sell, alien, enfeoff, release and confirm unto the said Grantee, its successors and assigns, the real property described in Schedule "A" attached hereto and incorporated by this reference. TOGETHER with all and singular the Buildings, Improvements, Ways, Streets, Alleys, Passages, Waters, Water-courses, Rights, Liberties, Privileges, Hereditaments and Appurtenances, whatsoever thereunto belonging, or in any wise appertaining, and the Reversions and Remainders, Rents, Issues and Profits thereof; and all the Estate, Right, Title, Interest, Property, Claim and Demand whatsoever of the said Grantors, in law as in equity, or otherwise howsoever, of, in, and to the same and every part thereof. TO HAVE AND TO HOLD the said lot or piece of ground above described with the buildings and improvements thereon erected, Hereditaments and Premises hereby granted, or mentioned and intended so to be, with the Appurtenances, unto the said Grantee, its Successors and Assigns, to and for the only proper use and behalf of the said Grantee, its Successors and Assigns, forever. AND the said Grantors, itself, its executors, administrators, successors and assigns, does by these presents, covenant, promise, and agree, to and with the said Grantee its Successors and Assigns, that it, the said Grantors and its Successors and Assigns, all and singular the hereditaments and premises hereby granted, or mentioned and intended so to be, with the appurtenances, unto the Grantee its Successors and Assigns, against it, the said Grantors and its Successors and Assigns and against all and every person or persons whomsoever lawfully claiming or to claim the same or any part thereof, by, from or under it, the said Grantors, or any of them, shall and will SUBJECT AS AFORESAID WARRANT and forever DEFEND. The acceptance and recordation of this Deed in Lieu of Foreclosure shall not operate to merge IN WITNESS WHEREOF, said Grantors have executed this Deed and affixed their Seal the day and year set forth above. SEALED AND DELIVERED in the presence of us: L.~.~(.Lw AL WILLIAM RANDOLPH A ES, EXECUTOR OF THE ESTATE OF ZELD ARNES State of PQi h h s yf ~q Y1 ~ A ,~r~ v~ ~ ~ : SS: County of G1~ 11(1 On this / r ~ da of ' ~' ` A' ~ 2 Y •11, bcf~rc mc, a Notary tubllc in and for the aforesaid State and County, the undersigned officer, personally appeared WILLIAM RANDOLPH BARNES, EXECUTOR OF THE ESTATE OF ZELDA M. BARNES, known to me or satisfactorily proven to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged that he/she/they executed the same for the purposes therein contained. IN WITNESS WHEREOF, I have hereunto set my hand and official seal. TH PE N Y VA NOTARIAL SEAL ~~ JOAN D. AQAMS, Notary Public carlhls t3oro., Curnberynd county Notary Public {No E'~i'~~ 15.2015 My commission expires: ~ ~r'~ ~~ a~~~ ADDRESS CERTIFICATION I hereby certify that the address of the above-named Grantee is: 850 Central Parkway East, Suite 140 Plano, TX 75074 On Behalf of the Grantee ESTOPPEL AND SOLVENCY AFFIDAVIT STATE OF ~-/~' n sr~ ~~ h I A ~o~,~ of Gv~ vv~ b P.~'I o- v-a- : 55: William Randolph Barnes, Executor of the Estate of Zelda M. Barnes, of full age, being duly sworn according to law upon his oath says that: William Randolph Barnes is the Executor for the Estate of Zelda M. Barnes and, as Executor, William Randolph Barnes made executed and delivered to REVERSE MORTGAGE SOLUTIONS, INC FOR TH BEN FIT OF BANK OF AMERICA, NA, its successors and assigns, a certain Deed dated S ti3 ~ v ,embracing the premises described in Schedule A attached hereto and made part hereo . Zel M. Barnes was the mortgagor on a mortgage on the premises described in Schedule A and the principal balance due on said mortgage as of May 17, 2011 is and remains to be $78,675.94. William Randolph Barnes hereby acknowledges, agrees and certifies that the aforesaid Deed was an absolute conveyance of all right, title and interest of Zelda M. Barnes, her heirs Est assigns, and the Estate of Zelda M. Barnes in and to the above described real property, together with all the buildings located thereon and appurtenances thereunto belonging and appertaining, and with release of all dower and homestead rights, if any, in and to the above described real property, and William Randolph Barnes, by this deed, also conveys, transfers, and assigns rights of possession, rentals and equity of redemption, in and to the above described premises, and that the aforesaid Deed was not, and is not, intended as a mortgage, trust conveyance, or security of any kind, and that possession of the premises has been or will shortly be surrendered to the aforementioned grantee. William Randolph Barnes further states that aforesaid Deed was given voluntarily by him in his capacity as Executor of the Estate of Zelda M. Barnes to the grantee, in good faith on their part, without any fraud, misrepresentation., duress or undue influence whatsoever, or any misunderstanding on their part or the part of the grantee, and was not given as a preference against any other creditors of the deponents, and that at the time the Deed was given there was no other person or persons, firm or firms, corporation or corporations, governmental agency or agencies, other than the grantee named in such Deed, interested either directly or indirectly, in the premises described in Schedule A hereto attached. William Randolph Barnes, further states the Estate of Zelda M. Barnes is solvent and has no other creditors whose rights would be prejudiced by the aforesaid conveyance, and that it is not obligated upon any bond or mortgage whereby any lien has been created or exists against the above described premises other than the mortgage and bond recited hereinbefore. William Randolph Barnes further says that there are no judgments against the Estate of Zelda M. Barnes in any court of the State of Pennsylvania or in the United States District Court for the District of Pennsylvania or in any other court and he/she further says that no bankruptcy proceedings were ever filed by or against them on behalf of the Estate. It was the intention of William Randolph Barnes as Grantor of the aforesaid Deed to make an absolute conveyance and unconditional sale of the premises described in said Deed, with full extinguishment of all equity of redemption as Executor, and on behalf of the Estate and with release of all right, title and interest of the Executor, the Estate and all heirs and assigns thereof of every character in and to the real property described. rlc a rig t o t e grantee to institute orec osure proceedings if such proceedings should become legally necessary in order to eliminate or cure a defect in title to the premises conveyed by the aforesaid Deed. This Affidavit has been made for the protection and benefit of the Grantee in the aforesaid Deed, its successors and assigns, and all other parties hereafter dealing with or who may acquire an interest in the property described in said Deed, and shall bind all heirs, executors, administrators, successors and assigns. ~ ~C"^~SEAL WI IAM RANDOLP RNES, EXECUTOR OF THE ESTATE OF ZEL BARNES SWORN TO and SUBSCRIBED: before me this ~ ~ r~ da Y of ^ a y , 2011 ~, Notary Public {Notarial Seal} V N NOTARIAL SEAL .roAN o. AQAIAS, Icy Punic eoro., Cixr~DeA9nd a1y CommaMOn E 1~s Schedule "A" -Legal Description oge er wi t e u ings an improvements t ereon erected, situate in the First Ward of the Borough of Carlisle, County of Cumberland and Commonwealth of Pennsylvania. Being more particularly bounded and described as follows, to wit: BOUNDED on the North by East Louther Street; on the East by property now or late of James Dysert; on the South by Mulberry Avenue (now an Alley) and on the West by property now or late of the Estate of George W. Rinesmith, deceased. Containing Thirty (30) feet, more or less, on said East Lowther Street and extending in length or depth of that width a distance of Two Hundred Forty (240) feet, more or less, to Mulberry Avenue (Alley) aforesaid. HAVING thereon erected on the Louther Street end atwo-story log dwelling house and on the Mulberry Avenue end a brick dwelling, now a part of a stable or garage consisting of cement block construction. BEING THE SAME PREMISES which William H. Deitch and Helen Deitch, husband and wife, by Deed dated 1U16/1963 and recorded 1U22/1963 in Cumberland County Land Record Book Z, Volume 21 page 1067 granted and conveyed unto William H. Deitch and Helen Deitch, husband and wife, and Zelda Mae Barnes, their Daughter as Joint Tenants with the Right of Survivorship. The said William H. Deitch departed this life on 04/05/1970 whereupon title to said lands became vested in Helen Deitch, widow and Zelda Mae Barnes, Daughter. EXCEPTING THEREOUT AND THEREFROM ALL THAT CERTAIN tract of land situate in the Borough of Carlisle, County of Cumberland and Commonwealth of Pennsylvania. Being designated as Tract 'D' of a certain Subdivision Plan made for the Redevelopment Authority of Cumberland County as prepared by Stephen G. Fisher, R.S., dated OU25/1977 and recorded in the Cumberland County Recorder's Office in Plan Book 29 Page 135. Being bounded and described as follows: BEGINNING at a point at the Northerly edge of the Twenty (20) foot right of way of Mulberry Alley with said point being measured One Hundred Fifty-one and thirty one-hundredths (151.30) feet (erroneously shown as 180.85 feet in original Deed) Eastwardly from the Easterly curb of Alexander Alley. THENCE, extending along other lands of The Redevelopment Authority of the County of Cumberland and previously of G. W. Rinesmith, North Six (06) degrees; Twelve (12) minutes East a distance of Ninety-five (95.00) feet to a point; thence, extending through the lands of the Grantor of which this premise was once a part, South Eighty-four (84) degrees, Eleven (1.1) minutes East a distance of Twenty-nine and fifty-five one-hundredths (29.55) feet to a railroad spike; thence, extending along lands now or formerly of James Dysert, South Six (06) degrees, Twelve (12) minutes West a distance of Ninety-five (95.00) feet to a railroad spike; thence, extending along the Northerly right of way of the aforesaid Mulberry Alley, North Eighty-four (84) degrees, Eleven (11) minutes West a distance of Twenty-nine and fifty-five one-hundredths (29.55) feet to the point and place of BEGINNING. TOGETHER with a temporary Easement to the Authority for access to the rear of the block building now existing on the tract being conveyed herein for purposes of demolition of said structure. RESERVING unto the original Grantors of this Tract of land, their heirs and assigns, a right of entry across the land conveyed for ingress, egress and regress to the Rear of Tract 'C' on said Plan. BEING THE SAME PREMISES which Helen Deitch, Zelda Mae Barnes and Aaron Barnes, her husband by Deed dated 10/2U1977 and recorded 10/2U1977 in Cumberland County Land Record Book M, Volume 27 page 165 granted and conveyed unto the Redevelopment Authority of the County of Cumberland. escnp ion o a eet y eet parce o ground the same premises which Zelda Mae Barnes, a single individual and sole survivor of Helen Deitch who departed this life on 08/29/1992 by Deed dated 04/05/2008 and recorded 04/17/2008 as Cumberland County Instrument #200812154 granted and conveyed unto Zelda Mae Barnes, a single individual, in fee. And said Deed failed to recite the excepted out Parcel of ground to the Redevelopment Authority as described above resulting in an incomplete legal description being used in the mortgage document dated 04/08/2008 and recorded 04/17/08 as Instrument # 200812155. The effect of all of the above results in a residual parcel of ground as described below AND IS THE PARCEL WHICH IS THE SUBJECT PARCEL OF THIS COMMITMENT. ALL THAT CERTAIN tract of land situate in the Borough of Carlisle, County of Cumberland and Commonwealth of Pennsylvania .Being designated as Tract 'C' of a certain Subdivision Plan made for the Redevelopment Authority of Cumberland County as prepared by Stephen G. Fisher, RS. dated 11/25/1977 and recorded in the Cumberland County Recorder's Office in Plan Book 29 age 135. Said Lot is also shown as Parcel 63 on the current Tax Parcel Map of the Borough of Carlisle. Being further bounded as described as follows: BEGINNING at an interior point located the Two following courses and distances from a point on the Easterly curb line Alexander Alley at said line's intersection with the Northerly curb line of Mulberry Alley: 1) from said point and extending South Eighty-four (84) degrees, Eleven (11) minutes East a distance of One Hundred Fifty-one and thirty one-hundredths (151.30) feet to a point; 2) thence, extending along the Westerly sideline of Tract 'D' in said Plan being also the middle of Lot 63A on the current Tax Parcel Map, North Six (06) degrees, Twelve (12) minutes East a distance of Ninety-five (95) feet to a point at the proposed Subdivision line as shown on said Plan and being also the TRUE PLACE OF BEGINNING. THENCE, from said point and continuing on a course of North Six (06) degrees, Twelve (12) minutes East a distance of One Hundred Forty-six and ten one-hundredths (146.10) feet to a point on the Southerly edge of a concrete walkway at East Louther Street as shown on said Plan; thence, extending South Eighty-four (84) degrees, Eleven (11) minutes East a distance of Twenty-nine and fifty- five one-hundredths (29.55) feet to a point in the line of lands now or formerly of James Dysert; thence, extending along said lands of Dysert, South Six (06) degrees, Twelve (12) minutes West a distance of One Hundred Forty-six and ten one-hundredths (146.10) feet to a railroad spike at the proposed Subdivision line as shown on said Plan; thence, extending along said Subdivision line North Eighty-four (84) degrees, Eleven (11) minutes West a distance of Twenty-nine and fifty-five one-hundredths (29.55) feet to the point at the TRUE PLACE OF BEGINNING. BEING Tax Parcel No. 02-21-0320-063. BEING known as: 54 E. Louther Street, Carlisle, PA,17013. p~~ 499 Mitchell Road, Millsboro, DE 19966 Adjustment Services Phone 888-502-4349 F ax (302) 934-2955 January 13, 2011 Duncan and Hartman PC Attorneys at Law One Irvine Row Carlisle, PA 17013 Re: Estate of Zelda M Barnes Social Security: 174-OS-2202 Date of Death: December 20, 2010 Dear Sir or Madam: Per your inquiry on January 3, 2011, please be advised that at the time of death, the above-named decedent had on deposit with this bank the following: 1. Type of Account Checking Account Account Number 2674065202 Ownership (Names o, fl Zelda D Barnes Opening Date 081011'!9 Balance on Date of Death $2,877.39 Accrued Interest $ • 00 Total $2,877.39 2. Type of Account Passbook Savings Account Account Number 21000000993875 Ownership (Names o, fl Zelda D Barnes W Randolph Barnes Opening Date 11/11119 Balance on Date of Death $13,576.87 Accrued Interest $ 1.SI Total $13,578.38 Sovereign Bank ESTATE OF Zelda M. Barnes SOCIAL SECURITY #: 174-OS-2202 DATE OF DEATH: December 20, 2010 Account #: 1674008162 Type: Savings Open date: 7/18/2002 In the name of: Zelda D Barnes TTEE William Randolph BENEF Date of Death Balance: $1,983.32 Int.(YTD) from 1 /1 /2010 to 9/30/2010 $1.92 Accrued interest to date of death: $0.44 Other Info: Account closed on 12/28/2010. Account #: 1675204588 Type: CD Open date: 2/10/1989 In the name of: Zelda D Barnes Date of Death Balance: $3,379.95 Int.(YTD) from 1/1/2010 to 11/30/2010 $3.58 Accrued interest to date of death: $0.10 Other Info: Account closed on O l /03/2011. Account #: 1675206898 Type: CD Open date: 10/13/1992 In the name of: Zelda D Barnes or William Randolph Barnes Date of Death Balance: $13,000.00 Int.(YTD) from 1 / 1 /2010 to 11 /30/2010 $168.88 Accrued interest to date of death: $2.99 Other Info: Account closed on 12/28/010. Page 1 of 1 BUREAU OF INDIVIDUAL TAXES PO BOX 280601 HARRISBURG PA 17128-0601 PENNSYLVANIA INHERITANCE TAX INFORMATION NOTICE AND TAXPAYER RESPONSE REV-1543 E% AFP (OB-OB> FILE N0. 21 ACN 11103319 DATE 01-18-2011 WILLIAM RANDOLPH 98 CREEK DRIVE MILROY PA 170b3 EST. OF ZELDA M BARNES SSN 174-05-2202 DATE OF DEATH 12-20-2010 COUNTY CUMBERLAND REMIT PAYMENT AND FORMS T0: REGISTER OF WILLS 1 COURTHOUSE SQUARE CARLISLE PA 17013 TYPE OF ACCOUNT SAVINGS CHECKING TRUST CERTIF. SOVEREIGN BANK provided the Department with the information below, which has been used in calculating the potential tax due. Records indicate that at the death of the above-named decedent, you were a joint owner/beneficiary of this account. If You feel the information is incorrect, Please obtain written correction from the financial institution, attach a copy to this form and return it to the above address. This account is taxable in accordance with the Inheritance Tax laws of the Commonwealth of Pennsylvania. Please call C717) 787-8327 with questions. COMPLETE PART 1 BELOW * SEE REVERSE SIDE FOR FILING AND PAYMENT INSTRUCTIONS Under penalties of perjury, I declare that the facts I have reported above are true, correct/'~id co plete to t best of my kn wledge and belief . HOME C7~`7 ~ D~J7- ~~~2'l .(l/ D~//~.L_. l'~/'/i1~( f'~~1G(i ~G~~~~ W0 R K C ) ER SIGNATUR MBER DATE TOTAL CEnter on Linn 5 of Tax Computation) s