HomeMy WebLinkAbout06-21-12;~ ~ ~ ~l-ir. ~f ~~.
I+AMILY SETTLEMENT AGREEMENT AND FINAL RELEASE
IN THE ESTATE OF DOROTHY K. WISE
KNOW ALL MEN BY THESE PRESENTS, that, WHEREAS, Dorothy K. Wise, late of
Cumberland County, Pennsylvania, died testate on September 27, 2011, having first made her last
will and testament duly executed on February 23, 2011;
WHEREAS, the said Dorothy K. Wise, by the aforesaid last will and testament, named
Martin H. Wise, Executor of said last will;
WHF_•,REAS, letters testamentary on the estate of the said decedent were duly issued by the
Register of Wills of Cumberland County, Pennsylvania, to the said Executor, Martin H. Wise,
hereinafter called the personal representative.
WHEREAS, the personal representative has gathered the assets of the estate of the said
decedent and the assets consist of personal and real property, to a total value as set forth in Exhibit
"A", a copy of the Pennsylvania Inheritance Tax Return filed by said personal representative, and
which has been provided to each heir;
WHERF,AS, the debts and deductions, including the payment of inheritance tax in the said
estate, are $19,E84.18, as further referenced in Exhibit "A";
WHER>~:AS, a balance for distribution exists;
WI II;REAS, the balance for distribution has been reduced to cash and/or is held in kind and
is available for distribution in accordance with the terms of the last will and testament of the said
decedent.
NOW, THEREFORE, KNOW YE, that I, being the named beneficiary of the will of said
decedent, do hereby acknowledge that I have this day had and received from the aforesaid personal
representative, in full satisfaction and payment of all sum or sums of money, legacies, bequests, and
devised as are given, devised and bequeathed to each of us respectively by the said will of Dorothy
K. Wise in the amounts due me under said will, which amounts I have receive his day. E~~<<
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AND, I do hereby stipulate that in order to avoid the expense and time involved in the filing
of a formal account and schedule of distribution, I agree that no account is necessary and I do hereby
agree and consent to distribution being made without the filing of an account and schedule of
distribution, the same to be with the same force and effect as if they had been filed and confirmed
by the Orphans' Court Division of the Court of Cumberland County.
THEREFORE, I do hereby remise, release, quitclaim and forever discharge the said personal
representative, heirs, executor, and administrators and assigns of and from the said estate and from
all actions, suits, payments, accounts, reckonings, claims and demands whatsoever for or by reason
thereof, or for any other use, matter, cause or thing whatsoever, touching upon the estate of the said
decedent, and each of us do further hereby covenant and agree with each other and the aforesaid
personal representative, that we will contribute pro-rata, our share of the estate to satisfy any and all
claims, demands, suits, or causes of action which may be successfully prosecuted against the said
estate or aforesaid personal representative after the signing, sealing and delivery of this family
settlement agreement and final release.
IN WITNESS WHEREOF, and intending to be legally bound hereby, we have hereunto set
our hands and seals on the dates below indicated.
WITNESS
Martin H. Wise
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
SS.
AND NOW, this ~1,~ day of , 2012, before me, the undersigned
officer, personally appeared Martin H. Wise, wn to me (or satisfactorily proven) to be the person
whose name is subscribed to the within instrument, and acknowledged that he executed same for the
purposes therein contained.
cor~Ir~oNwEA~I~IYLSIIEREOF, I hereunto set my hand and offs
Notarial Seal _
Jennifer S. Undsay, Notary Public
Carlisle 19oro, Cumberland County
My Commissbn Expires Nov. 29, 2015
MEMBER, PENNSYLVANU ASSOQATION OF NOTARIES
N
EXHIBIT "A"
J 1505610105
REV-1500 ex toz_~ ~> (Ft) ;
OFFICIAL USE ONLY
PA Department of Revenue enns lvania
P ,_,,, . Y „r E
, o ~ County Code Year File Number
Bureau of Individual Taxes INHERITANCE TAX RETURN
PO BOX 280601.
Harrisburg, PA 1'7128-0601 RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death MMDDYYW Date of Birth MMDDYYYY
_ _ _ __
194-28-9093 09/27/2011 10/26/1915
Decedent's Last Name __ __
Suffix Decedent's First Name N11
__ _._
Wise 'Dorothy K
(If Applicable) Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name MI
Spouse's Social Security Number
- -
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
~ 1. Original Return O 2. Supplemental Return O 3. Remainder Return (Date of Death
Prior to 12-13-82)
O 4. Limited Estate O 4a. Future Interest Compromise (date of O 5. Federal Estate Tax Return Required
death after 12-12-82)
~ 6. Decedent Died Testate O 7. Decedent Maintained a Living Trust ~ 8. Total Number of Safe Deposit Boxes
(Attach Copy of Will) (Attach Copy of Trust.)
O 9. Litigation Proceeds Received O 10. Spousal Poverty Credit (Date of Death O 11. Election to Tax under Sec. 9113(A)
Between 12-31-91 and 1-1-95) (Attach Schedule O)
CORRESPONDENT - THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytime Telephone Number
David A. Baric, Esquire (717) 249-6873
' ..
•~
First Line of Address
Baric Scherer LLC
Second Line of Address
19 West South Street
City or Post Office State ZIP Code
Carlisle PA 17013
REGISTER OF WILLS`- SE ONLY
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DATE FILED ~ _
Correspondent's a-mail address: dt)arlC@t)afICSCherer.COrTi
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief,
it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge.
SIGNAAT~~ E~~ERSO RAE/SPONSIBLE FOR FILING RETURN DATE
M ' . Wis 1839 Ridg w Drive, Carlisle, PA 17013
S A P RE AR TH T REPRESENTATIVE DATE
L _
David A. Baric, Esq., 19 West South Street, Carlisle, PA 17013
PLEASE USE ORIGINAL FORM ONLY
_,_.
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`'iii
Side 1
1505610105 1505610105 J
J
150561205
REV-1500 EX (FI)
Decedent's Social Security Number
Decedent's Name: Dorothy K. Wise 194-28-9093
RE CAPITULATION
1. Real Estate (Schedule A) ............................ ............. ... 1.
2. Stocks and Bonds (Schedule B) ................................. .. ... 2. 1,285,657.10
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. 202,272.00
6. Jointly Owned Property (Schedule F) O Separate Billing Requested .... ... 6.
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G) O Separate Billing Requested.... ... 7.
8. Total Gross Assets (total Lines 1 through 7) .......................... ... 8. 1,487,929.10
9. Funeral Expenses and Administrative Costs (Schedule H) ................ ... 9. 19,684.18
10. Debts of Decedent, Mortgage Liabilities and Liens (Schedule I) ............ . 10.
11. Total Deductions (total Lines 9 and 10) ......................... .... ... 11. 19,684.18
12. Net Value of Estate (Line 8 minus Line 11) ..................... 12. 1,468,244.82
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. 1,468,244.82
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_ 15.
16. Amount of Line 14 taxable
at lineal rate X .0 45 1,468,244.82 1g. 66,071.01
17. Amount of Line 14 taxable
at sibling rate X .12 17.
18. Amount of Line 14 taxable
at collateral rate X 15 18.
19. TAX DUE .. 19, 66,071.01
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT O
Side 2
1505610205 150561025 J
REV-1500 EX (FI) Page 3
Decedent's Complete Address:
File Number
DECEDENT'S NAME
Dorothy K. Wise
STREET ADDRESS
918 Harrisburg Pike
CITY I STATE ZIP
Carlisle PA I 17013
Tax Payments and Credits:
t Tax Due (Page 2, Line 19)
2. Credits/Payments
A. Prior Payments 61,862.00
e. Discount 3,093.10
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.
66,071.01
Total Credits (A + B) (Z) 64,955.10
(3)
(4)
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) 1,115.91
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 .............................................................................. ...... ^
b. retain the right to designate who shall use the property transferred or its income ................................. ..... ^
c. retain a reversionary interest ..................................................................................................................... ...... ^
d, receive the promise for life of either payments, benefits or care? ............................................................... ...... ^
2. If death occurred after Dec. 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? .................................................................................................. ...... ^
3. Did decedent own an "in trust for" or payable-upon-death bank account or security at his or ner death? ........ ...... ^
4. Did decedent own an individual retirement account, annuity or other non-probate property, which
contains a benefciary 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(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.
REV-i5o3 EX+ (y-u)
pennsylvania
DEPARTMENT OF REVENUE
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE B
STOCKS & BONDS
ESTATE OF FILE NUMBER
Dorothy K. Wise 21-11-1046
All oroperty iointly owned with right of survivorship must be disclosed on Schedule F.
If more space is needed, insert aoaiuonai sneers or one same size
Estate Valuation for Dorothy K. Wise
Date of Death: 09/27/2011 Estate of: Estate of Dorothy wise
Valuation Date: 09/27/2011 Account: 73H-02264
Processing Date: 11/08/2011 Report Type: Date of Death
Number of Securities: 39
File ID: Estate of Dorothy Wise
Shares Security Mean and/or Div and Int Security
or Par Description High/Ask Low/Bid Adjustments Accruals Value
1) 63707.05 Cash (CASH) 63,707 .05
2) 35000 ALLEGHENY CNTY PA INDL DEV AUT (017292VC4)
Financial Times Interactive Data
DTD: 12/01/2002 Mat: il/O1/2022 4.75°;
09/27/2011 104.96800 Mkt
104.968000 36,738 .80
Int: 05/01/2011 to 09/27/2011 674.24
3) 65000 ALLENTOWN PA CITY SCH DIST (018411RX8)
Financial Times :interactive Data
DTD: 03/15/2003 Mat: 03/15/2018 4.3°s
09/27/2011 104.30800 Mkt
104.308000 67,800 .20
Int: 09/15/2011 to 09/27/2011 93.17
4) 20000 ALTOONA PA (021789CPS)
Financial Times Interactive Data
DTD: 07/15/2003 Mat: 09/01/2032 4.25%
D9/27/2011 99.58500 Mkt
99.585000 19,917. 00
Int: 09/01/2011 to 09/27/2011 61.39
5) 60000 AMBRIDGE PA AREA SCH DIST (023362KL9)
Financial Times Interactive Data
DTD: 03/15/2005 Mat: 11/01/2028 4.375°s
09/27/2011 - 103.0-6800 !9kt
103.069000 61,840. 80
Int: 05/01/2011 to 09/27/2011 1,064.58
6) 10000 CATASAUQUA PA AREA SCH DIST (149045KA3)
Financial Times Interactive Data
DTD: 05/15/2006 Mat: 02/15/2036 4.75°s
09/27/2011 100.66400 Mkt
100.664000 1D,066. 40
Int: 08/15/2011 to 09/27/2011 55.42
7) 30000 CENTRAL BUCKS PA SCH DIST (152735501)
Financial Times Interactive Data
DTD: 03/15/2007 Mat: 05/15/2024 4.125's
09/27/2011 104.45800 Mkt
104.458000 31,337 .40
Int: 05/15/2011 to 09/27/2011 453.75
8) 30000 HOPEWELL PA AREA SCH DIST (439624GZ4)
Financial Times Interactive Data
DTD: 09/15/2005 Mat: 09/01/2028 4.3°s
09/27/2011 101.29300 Mkt
101.293000 30,39 .90
Int: 09/01/2011 to 09/27/2011 93.17
9) 25000 LANCASTER CNTY PA HOSP AUTH RE (514045YL1)
Financial Times Interactive Data
DTD: 01/24/2007 Mat: 03/15/2036 4.5°s
09/27/2011 97.82000 Mkt
97.420000 24,455 .00
Int: 09/15/2011 to 09/27/?011 37.50
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 tixough Morgan Stanley Smith Barney LLC, member SIPC (MSSB) as of the
date shown on page 1 of this dxument. 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 tae 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 statemen`. Please refer to the original statement for current account
information and any Form 1099's and related materials. A11 dFra is believed tc be reliable, however, it is not guaranteed
for accuracy, or completeness. MSSB and its affiliates do not provide tax or 1=gal 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 iaforrnation about you, your relationships or
your accounts
Date of Death: 09/27/2011 Estate of: Estate of Dorothy Wise
Valuation Date: 09/27/2011 Account: 73H-02254
Processing Date: 11/08/2011 Report Type: Date of Death
Number of Securities: 39
File ID: Estate of Dorothy Wise
Shares Security Mean and/or Div and Int Security
or Par Description High/Ask Low/Bid Adjustments Accruals Value
10) 10000 LANCASTER PA AREA SWR AUTH REV (514288JG5)
Financial Times Interactive Data
DTD: 01/01/2004 Mat: 04/01/2025 4.65°s
09/27/2011 103.04800 Mkt
103.048000 10,304. 80
Int: 04/01/2011 to 09/27/2011 227.33
11) 30000 LANCASTER PA HIGHER ED AUTH CO (514328GB3)
Financial Times Interactive Data
DTD: 06/19/2008 Mat: 04/15/2037 Ss
09/27/2011 105.11700 Mkt
105.ll7000 31,535. 10
Int: 04/15/2011 to 09/27/2011 675.00
12) 20000 LANCASTER PA SCH DIST (514383QQ4)
Financial Times Interactive Data
DTD: 01/15/2007 Mat: 06/01/2024 4.5's
09/27/2011 105.57200 Mkt
105.572000 21,114. 40
Int: 06/01/2011 to 09/27/2011 290.00
13) 35000 LEHIGH CNTY PA INDL DEV AUTH P (524808BL5)
Financial Times Interactive Data
DTD: 02/23/2005 Mat: 09/01/2029 4.7°s
09/27/2011 97.2800D Mkt
97.280000 34,048. 00
Int: 09/01/2011 to 09/27/2011 118.81
14) 25000 MC KEESPORT PA (581391r^G9)
Financial Times Interactive Data
DTD: 01/01/2005 Mat: 09/01/2035 4.7°s
09/27/2011 1DO.D3200 Mkt
lOD.032000 25,008. 00
Int: 09/01/2011 to 09/27/2011 85.76
15) 30000 NESHAMINY PA SCH DIST (64084FGB1)
Financial Times Interactive Data
DTD: 03/01/2006 Mat: 05/01/2027 4.375s
09/27/2011 103.28900 Mkt
103.299000 30,996. 70
Int: 05/01/2011 to 09/27/2011 532.29
16) 45000 OAKMONT PA MUN AUTH WTR REV (673819CK21
Financial Times Interactive Data
DTD: 05/13/2010 Mat: D6/01/2035 4.625°s
09/27/2011 102.331D0 Mkt
102.33'000 46,048. 95
Int: 06/01/2011 to 09/27/2011 670.63
17) 2n00D oENN,SYLVANIA ST HIGHER EDL FAC (70917NPV0)
Financial Times Interactive Data
DTD: 08/01/2002 Mat: 06/15/2022 4.75°s
09/27/2011 101 55900 Mkt
101 559000 20,311 .90
Int: 06;15/2011 to 09/27/2011 269.17
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 SIPC (MSSB) as of the
date shown on page 1 of this document. The valuation is provided to you using softcaare 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 rr^orm 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: 09/27/2011 ..state of: Estate of Dorothy Wise
Valuation Date: 09/27/2011 Account: 73H-02254
Processing Date: 11/08/2011 Report Type: Date of Death
Number of Securities: 39
File ID: Estate of Dorothy Wise
Shares Security Mean and/or Div and Int Security
or Par Description High/Ask Low/Bid Adjustments Accruals Value
18) 35000 PENNSYLVANIA ST HIGHER EDL FAC (70917PFD6)
Financial Times Interactive Data
DTD: 02/01/2006 Mat: 05/01/2031 4.750
09/27/2011 102.14400 Mkt
102.144000 35,70. 40
Int: 05/01/2011 to 09/27/2011 674.24
19) 0'0000 PENNSYLVANIA ST HIGHER EDL FAC (70917RFA8)
Financial Times Interactive Data
DTD: 06/01/2006 Mat: 04/01/2036 4.5°s
09/27/2011 100.54800 Mkt
100.548000 60,388. 80
Int: 04/01/2011 to 09/27/2011 1,320.00
20) 30000 PENNSYLVANIA ST HIGHER EDL FAC (70917RSE2)
Financial Times Interactive Data
DTD: 07/01/2008 Mat: 06/15/2030 4.So
09/27/2011 101.61500 Mkt
10i.61~000 30,484. 50
Int: 06/15/2011 to 09/27/2011 382.50
21) 50000 PENNSYLVANIA ST HIGHER EDL FAC (70917RYR0)
Financial Times Interactive Data
DTD: 03/24/2010 Mat: 05/15/2024 4.375°s
09/27/2011 101.45800 Mkt
101.468000 50,734. 00
Int: 05/15/2011 to 09/27/2011 802.08
22) 15000 PENNSYLVANIA ST TPK COMNIN OIL (709221JX4)
Financial Times Interactive Data
DTD: 08/01/1998 Mat: 12/01/2023 So
09/27/2011 100.29800 Mkt
100.293000 1,043. 20
Int: 06/01/2011 to 09/27/2011 241.67
23) 25000 PENNSYLVANIA ST TPK COMMN TPK (709223QQ7)
Financial Times Interactive Data
DTD: 06/01/2004 Mat: 12/01/2029 5s
09/27/2011 103.3900 Mkt
103.395000 25,848. 75
Int: 06/01/2011 to 09/27/2011 402.78
24) 70000 PHILADELPHIA PA GAS WKS REV (717823Y36)
Financial Times Interactive Data
DTD: 05/15/2007 Mat: 10/01/2028 So
09/27/2011 102.02500 Mkt
102.025000 71,417 .50
Int: 04/01/2011 to 09/27/2011 1,711.11
25) 10000 PHILADELPHIA PA SCH DIST (717883AM4)
Financial Times Interactive Data
DTD: 06/29/2004 Mat: 06/01/2027 Ss
09/27/2011 112.0900 Mkt
112.09000 11,205 .90
Int: 06/O1j2011 to 09/27j2011 161.11
Page 3
Please be aware of the following important information: The attached valuation n~ovides 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 *_he EVP service to you at cost. The
references to EV2 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. Tease refer to .he original statement for current account
information and any Form 1099's and related materials. A11 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: 09/27/2011 Estate of: Estate of Dorothy Wise
Valuation Date: 09/27/2011 Account: 73H-02254
Processing Date: 11/08/2011 Report Type: Date of Death
Number of Securities: 39
File ID: Estate of Dorothy ~Aise
Shares Security Mean and/or Div and Int Security
or Par Description High/Ask Low/Bid Adjustments Accruals Value
26) 55000 PINE-RICHLAND SCH DIST PA (722740PV3)
Financial Times Interactive Data
DTD: 11/15/2003 Mat: 11/01/2023 4.60
09/27/2011 104.89300 Mkt
104.893000 57,691. 15
Int: 05/01/2011 to 09/27/2011 1,026.06
27) 30000 PLUM BORO PA SCH DIST (729212KW9)
Financial Times Interactive Data
DTD: 04/01/2005 Mat: 09/15/2027 4.5s
09/27/2011 101.30'400 Mkt
101.364000 30,409. 20
Int: 09/15/2011 to 09/27/2011 45.00
28) 10000 PLUM BORO PA 3CH DIST (729212KX7)
Financial Times Interactive Data
DTD: 04/01/2005 Mat: 09/15/2030 4.So
09/27/2011 100.93100 Mkt
100.931000 10,093. 10
Int: 09/15/2011 to 09/27/2011 15.00
29) 40000 PLUM BORO PA SCH DIST (729212LS7)
Financial Times Interactive Data
DTD: 04/01/2005 Mat: 09/15/2030 4.50
09/27/2011 101.21300 Mkt
101.213000 40,485. 20
Int: 09/15/2011 to 09/27/2011 60.00
30) 30000 READING PA SCH DIST (755638RN5)
Financial Times Interactive Data
DTD: 07/01/2003 Mat: 01/15/2024 5's
09/27/2011 105.464x0 Mkt
105.464000 31,639. 20
Int: 07/15/2011 to 09/27/2011 300.00
31) 35000 SHARON PA SAN RUTH SWR REV (819747AT3)
Financial Times Interactive Data
DTD: 12/01/2007 Mat: 10/01/2032 4.5°s
09/27/2011 104.77000 Mkt
104.770000 36,569. 50
Int: 04/01/2011 to 09/27/2011 770.00
32) 20000 SPRING-FORD AREA SCH DIST PA (649534NH1)
Financial Times Interactive Data
DTD: 11/15/2007 Mat: 06/01/2033 4.50
09/27/2011 102.71300 Mkt
102.713000 20,542. '00
Int: 06/01/2011 to 09/27/2011 290.00
33) 25000 STATE PUB SCH BLDG AUTH PA SCH (857322P28)
Financial Times Interactive Data
DTD: 09/10/2003 Mat: 06/01/2033 5s
09/27/2011 107.90300 Mkt
107.903000 26,950 .75
Int: 06/01/2011 to 09/27/2011 402.78
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 soft•dare 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 con~ain data regarding income, liabilities,
capital gains and losses, it is not an official tax statement. Please refer to .he original statement for current account
information and any Form 1099's and related materials. A11 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: 09/27/2011
Valuation Date: 09/27/2011
Processing Date: 11/08/2011
Shares Security
or Par Description
Estate of: Estate of Dorothy Wise
Account: 73H-02264
Report Type: Date of Death
Number of Securities: 39
r^ile ID: Estate of Dorothy Wise
Mean andjor Div and Int Security
High/Ask Low/Bid Adjustments Accruals Value
34) 60000 STATE PUB SCH BLDG AUTH PA LEA (85732GCP3)
Financial Times Interactive Data
DTD: 03/15/2007 Mat: 09/15/2028 4.35%
09/27/2011 101.53800 Mkt
101.539000
Int: 09/15/2011 to 09/27/2011
35) 10000 UNIVERSITY AREA JT AUTH PA SWR (914054CP4)
Financial Times Interactive Data
DTD: 00/15/2001 Mat: 11/01/2022 5%
09/27/2011 100.21600 Mkt
100.216000
Int: 05/01/2011 to 09/27/2011
36) 25000 UPPER DUBLIN PA SCH DIST (915730QT5)
Financial Times Interactive Data
DTD: 06/15/2008 Mat: 11/15/2029 4.375%
09/27/2011 102.55700 Mkt
102.557000
Int: 05/15/2011 to 09/27/2011
37) 25000 UPPER DUBLIN PA SCH DIST (915730TT2)
Financial Times Interactive Data
DTD: 06/24/2010 Mat: 02/01/2027 4%
09/27/2011 105.34800 Mkt
105.349000
Int: 08/01/2011 to 09/27%2011
38) 20000 WEST CHESTER PA AREA SCH DIST (9520305X3)
Financial Times Interactive Data
DTD: 08/15/2003 Mat: 02/15/2024 4.0'%
09/27/2011 108.11200 Mkt
108.112700
Int: 08/15/2011 tc 09/27/2011
39) 20000 WESTMORELAND CNTY PA (960895VG2)
Financial Times Interactive Data
DTD: 01/15/2003 Mat: 12/01/2023 4.75%
09/27/2011 100.76000 i~ikt
100.760000
Int: 06/01/2011 to 09/27/2011
Total Value:
Total Accrual:
Total: $1,300,923.46
0'0,922.80
87.00
10,021.60
202.78
25,639.25
401.04
26,337.00
155.56
21,622.40
107.33
20,152.00
306.11
$1,285,657.10
$15,260.36
Page 5
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 3arney 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. (EV?), 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 EeturnsMfo submissionsto thehInternaltRevenue
solely to assist you in preparing required estate (Form 706) and gift tax
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 reliabl=, 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 iaw. 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 in_ormat~on about you, your relationships or
your accounts
REV-i5o8 EX+ (u-io)
~ Pennsylvania SCHEDULE E
`~i DEPARTMENT OF REVENUE CASH BANK DEPOSITS & MISC.
INHERIraNCE rax RETURN PERSONAL PROPERTY
RESIDENT DECEDENT
ESTATE OF: FILE NUMBER:
Dorothy K. Wise 21-11-1046
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.
If more space is needed, use additional sheets of paper or the same size,
REV-1511 Ex± (10-09)
~ Pennsylvania
~~ r DEPARTMENT OF REVENUE
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE H
FUNERAL EXPENSES AND
ADMINISTRATIVE COSTS
ESTATE OF FILE NUMBER
Dorothy K. Wise 21-11-1046
Decedent's debts must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
I' Carlisle Memorial Service 803.00
2. Hoffman Roth Funeral Home 410.00
B. ADMINISTRATIVE COSTS:
1. Personal Representative Commissions; 0.00
Name(s) of Personal Representative(s) None
Street Address
City State ZIP
Year(s) Commission Paid:
15,000.00
2. Attorney Fees:
3 Family Exemption; (If decedent's address is not the same as claimant's, attach explanation,)
Claimant None
Street Address
City State ZIP
Relationship of Claimant to Decedent ._______.___._____
4. Probate Fees:
1, 008.50
5. Accountant fees:
6. Tax Return Preparer Fees:
7 Millenium Pharmacy 2,204.00
a. Paul Dalbey, DPM 10.00
s. Dr. Branscum 16.00
~o. The Sentinel (legal advertising) 157.68
i ~. Cumberland Law Journal (legal advertising) 75.00
TOTAL (Also enter on Line 9, Recapitulation) $. 19,684.18
If more space is needed, use additional sheets of paper of the same size,
REV-1513 EX+ (01-10)
~ , Pennsylvania SCHEDULE
~' DEPARTMENT OF REVENUE
INHERITANCE TAX RETURN BENEFICIARIES
RESIDENT DECEDENT
ESTATE OF: FILE NUMBER:
Dorothy K. Wise 21-11-1046
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE
I TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under
Sec. 9116 (a) (1.2),]
1. Martin H. Wise, 1839 Ridgeview Drive, Carlisle, PA 17013 son 100%
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV•1500 COVER SHEET, AS APPROPRIATE,
II NON-TAXABLE DISTRIBUTIONS
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN:
1.
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS:
1
TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET~$
If more space is needed, use additional sheets of paper of the same size,
:~ .--
~
_
_
_J T .,=_
.
_'
i i
-- -'~
~
OF - ~~
~~
DOROTHY K. WISE
I, Dorothy K. Wise of Cumberland County, Pennsylvania, do hereby declare this to be my
Last Will and Testament and hereby revoke all Wills and Codicils previously made by me.
ITEM ONE: I direct the payment of my debts and the expenses of my last illness and
funeral from my estate as soon after my death as conveniently may be done. If there be no
cemetery lot available for my interment, owned by me at the time of my death, I authorize my
personal representative to purchase such cemetery lot with a contract for perpetual care, using
therefor funds from my estate, and I authorize my personal representative to cause title to or
ownership of such lot so purchased to be vested in such person as my personal representative
shall designate.
Further, in this connection, I authorize my personal representative to expend funds
from my estate, in such amount as my personal representative shall consider necessary and
desirable, for the purchase, erection and inscription of a suitable marker for my grave.
ITEM TWO: I give, devise and bequeath such of my personal property as may be listed
on a signed and dated memorandum kept with my Will to the persons named thereon, provided
they survive my death. Should such a memorandum not be found with my Will, it shall be
conclusively presumed that none was prepared, and all of my personal property shall pass
according to the remaining provisions of this Will.
ITEM THREE: I give, devise and bequeath the rest, residue and remainder of my estate of
whatever nature and wherever situate to my son, Martin H. Wise if he shall survive me by thirty
(30) days. In the event my son, Martin H. Wise predeceases me or fails to survive me by thirty
(30) days, I give, devise and bequeath the rest, residue and remainder of my estate to my issue,
per stirpes, who survive me for a period of thirty (30) days.
ITEM FOUR: I direct that no executor or other fiduciary named, nominated, or appointed
by this my Last Will and Testament shall be required to post any bond or give any security of any
type for any purpose whatsoever, any law or rule of the court of the Commonwealth of
Pennsylvania or any other jurisdiction to the contrary notwithstanding. I direct that the law of the
Commonwealth of Pennsylvania shall apply to any interpretation or application of the validity of
this instrument.
ITEM FIVE: My executor shall have the following powers in addition to those vested in
them by law and by other provisions of this Will, applicable to all property, real, personal or
mixed and wheresoever situate, including property held for minors, whether principal or income,
exercisable without court approval, and effective, with respect to each item of said property until
actual distribution thereof.
A) To retain, as investments of my estate or trust, any or all assets of my
estate, real, personal, or mixed, without regard to any principal of diversification, and to purchase
and acquire real or personal property and to hold any or all of such real and personal property
retained or acquired without making the same productive of income.
B) To permit the child, or any of them, to occupy any real estate retained or
acquired upon such terms and conditions as my executrix or trustee shall deem proper.
Signed, sealed, published and declared by the above named testatrix, Dorothy K. Wise, 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
wt es~es. ~ I
~ ADDRESS ~ ~ " " i ~ d ~~
ADDRESS 7a5 F~~O~lV,~(~ ~ .~ ~l i I p ~~ ~7;-~
. o ~7----
COMMONWEALTH OF PENNSYLVANIA
SS.
COUNTY OF CUMBERLAND
i
We, Dorothy K. Wise, ~~~~,'.~~~~ L~~~ft~,J and ~U~~r~~i~! 1r~ ~,r,'~~!-!)
the
testatrix and the witnesses, respectively, whose names are signed to the attached or foregoing
instrument, being first duly sworn, do hereby declare to the undersigned authority that the
testatrix signed and executed the instrument of her Last Will and Testament, and that she signed
willingly and that she executed as her free and voluntary act for the purposes therein expressed,
and that each of the witnesses, in the presence and hearing of the testatrix, signed the Will as
witnesses, and that to the best of their knowledge, the testatrix was at the time eighteen (18) years
of age or older, of sound mind and under no constraint or undue influence.
Sworn to and subscribed before me this the 23`d day of February, 2011.
CONIMONyVrAI."fFi .r pENN5YLVANIA
Notarial Seal
Jennifer 5. lJnasay, Notary Pubfia
Carlisle Boni, Qxr>berlarxf County
My Canml~.,ston Es~kes Nov. 29.2011
h1aMR+~r, P"~nr,.;+lvs~,ia ~ys9ocletlon of otartes