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HomeMy WebLinkAbout03-18-13 REV-1500 EX(02-11)(FI) 1505611188' pennsylvania OFFICIAL USE ONLY PA Department of Revenue °`°�'"CN1O'-'"°' County Code Year File Number Bureau of Individual Taxes INHERITANCE TAX RETURN PO BOX 280601 Harrisburg,PA 17128-0601 RESIDENT DECEDENT 20 12 00420 ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 03 25 2012 12 18 1916 Decedent's Last Name Suffix Decedent's First Name MI Magonel Geneva C (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 M 1. Original Return O 2. Supplemental Return O 3. Remainder Return(Date of Death Prior to 12-13-82) r—) 4. Limited Estate 0 4a. Future Interest Compromise(date of IIIIII 5. Federal Estate Tax Return Required death after 12-12-82) MI 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) 0 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 0) CORRESPONDENT-This section must be completed.All Correspondence and Confidential Tax Information Should be Directed to: Name Daytime Telephone Number Elyse E • Rogers, Esquire 7] 612 5801 -,. r cC _ rnz (t WR bISTER0FV1/LLSUSEC iltY - — rn ' ) J a 7:,17 Z;; i_.. F I First Line of Address r '- r." CY.) , 5 S ) 635 North 12th Street, Suite 400 r, ` r �� Second Line of Address e t �1 ,� r°y 4_ :a• DAT€.BILED °I City or Post Office State ZIP Code Lemoyne PA 17043 Correspondent's e-mail address: erogers @ssr-attorneys.com 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 the preparer other than personal representative is based on all information of which preparer has any knowledge. SIGNATURE OF PERSON RESPONSIBLE FO FILING R URN DATE ADDRESS 102 A Kings Hitihway Ma . , PA 170 SIGN OFERs HERTHANREPRESENTATIVE DATE / ADDRESS 635 Northtreet Lemoyn , PA 1704' PLEASE USE ORIGINAL FORM ONLY Side 1 L. 1505611188 1505611188 J c.C6 _! 1505611288 Rev-1500 EX(FI) Decedent's Social Security Number Decedent's Name: Geneva C Magonel RECAPITULATION 1. Real Estate(Schedule A) 1. 135 ,000 . 00 2. Stocks and Bonds(Schedule B) 2. 3,811,322 . 07 3. Closely Held Corporation, Partnership or Sole-Proprietorship(Schedule C) 3. 0 . 00 4. Mortgages and Notes Receivable(Schedule D) 4. 0 . 00 5. Cash, Bank Deposits and Miscellaneous Personal Property(Schedule E) 5. 122 ,763 . 52 6. Jointly Owned Property(Schedule F) 0 Separate Billing Requested 6. 0 . 00 7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property 856,001 . 82 (Schedule G) CI Separate Billing Requested 7. 8. Total Gross Assets(total Lines 1 through 7) 8. 4 ,925,087 . 41 9. Funeral Expenses and Administrative Costs(Schedule H) 9. 146,855 . 02 10. Debts of Decedent, Mortgage Liabilities, and Liens(Schedule I) 10. 75,457 . 38 11. Total Deductions(total Lines 9 and 10) 11. 222,312 . 40 12. Net Value of Estate(Line 8 minus Line 11) 12. 4 ,702,775 . 01 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made(Schedule J) 13. 2,861,387 . 50 14. Net Value Subject to Tax(Line 12 minus Line 13) 14. 1,841,387 . 51 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.00 0 . 00 15. 0 . 00 16. Amount of Line 14 taxable at lineal rate X.045 0 - 00 16. 0 . 00 17. Amount of Line 14 taxable at sibling rate X.12 0 . 00 17. 0 . 00 18. Amount of Line 14 X taxable 1,841,387 . 51 276,208 . 13 at collateral rate X.15 18. 19. TAX DUE 19. 276,208 . 13 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT Side 2 1505611288 1505611288 J Rev-1500 EX(FI) Page 3 File Number Decedent's Complete Address: 20 12 00420 DECEDENT'S NAME Geneva C. Magonel STREET ADDRESS 1829 Bridge Street CITY STATE ZIP New Cumberland PA 17070 Tax Payments and Credits: 1. Tax Due(Page 2 Line 19) (1) 276,208.13 2. Credits/Payments A. Prior Payments 263,330.00 B. Discount 13.157.89 Total Credits(A+B) (2) 276,487.89 3. Interest (3) 0.00 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. (4) 279.76 5. If Line 1 +Line 3 is greater than Line 2,enter the difference. This is the TAX DUE. (5) 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 her death? 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. Sect. 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. Sect. 9116(a)(1.1)(ii)]. The statue does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax retum are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: • The tax rate imposed on the net value of transfers from a deceased child 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. Sect. 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. Sect. 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. Sect. 9116(a)(1.3)]. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent,whether by blood or adoption. REV-1502 EX+(01-10) pennsylvania SCHEDULE A rAMKTMFNI Of N•VI,NVE INH ERITANCE TAX RETURN REAL ESTATE RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Geneva C. Magonel 20 12 00420 All real property owned solely or as a tenant in common must be reported atfair 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 DESCRIPTION OF DEATH 1 1829 Bridge Street, New Cumberland, PA 17070 135,000.00 Per appraisal TOTAL(Also enter on Line 1, Recapitulation.) 135,000.00 If more space is needed, insert additional sheets of the same size. REV-1503 EX+(6-98) .4 SCHEDULE B COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS INHERITANCE TAX RETURN RESIDENT DECEDENT I ESTATE OF FILE NUMBER Geneva C. Magonel 20 12 00420 All property jointly-owned with right of survivorhsip must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 Ivy Funds Inc Core Equity CI A 579,403.59 Per Estate Val 2 Ivy Funds Inc Energy Fund CI A 266,404.98 Per Estate Val 3 Ivy Funds Inc Mid Cap Gr A 254,475.02 Per Estate Val 4 Ivy Funds Inc Science &Tech A 170,367.27 Per Estate Val 5 Ivy Funds Inc Small Cap Growth A 154,117.12 Per Estate Val 6 Ivy Fund M Cap Growth A 276,356.92 Per Estate Val 7 Ivy Fund Global Natural A 323,714.50 Per Estate Val 8 Ivy Fund Pac Opp A 330,752.97 Per Estate Val 9 Ivy Funds Inc Asst Strn/Op A 218,993.33 Dividends 10 Waddell & Reed Advisor Income Funds Muni Bond Fund 215,529.64 Per Estate Val 11 Ivy Funds Inc Mun Hiyield Inc A 377,089.79 Per Estate Val 12 Waddell & Reed Advisor Income Funds Mun Hi Income A 644,116.94 Per Estate Val TOTAL(Also enter on line 2, Recapitulation) 3,811,322.07 (If more space is needed, insert additional sheets of the same size) REV-1508 EX+(11-10) pennsylvania SCHEDULE E MPARIF*N" F RFVr Nsv CASH, BANK DEPOSITS, & MISC. INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Geneva C. Magonel 20 12 00420 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 1 PNC Bank Checking Account 5140110431 22,032.82 Per 4/27/12 letter Interest on above item accrued as of decedent's death 0.06 2 PNC Bank Savings Account 5004080901 35,849.49 Per 4/27/12 letter Interest on above item accrued as of decedent's death 3.97 3 Waddell & Reed Money Market Account 35803024 1,008.18 4 PNC Investments Account 004-951382 1.81 Per 5/8/12 letter 5 Fulton Bank CD 052-0276133 50,000.00 Per 4/27/12 letter Interest on above item accrued as of decedent's death 159.15 6 CNA Long Term Insurance Payment 2,500.00 7 ROBC Limited Partnership, Bridges Refund 633.25 8 Highmark Refund 561.00 9 Waddell & Reed Annual Fee Refund 10,000.00 10 Bank of America Check 13.79 TOTAL(Also enter on line 5, Recapitulation) 122,763.52 If more space is needed, insert additional sheets of the same size REV-1510 EX+(08-09) r I Pennsylvania SCHEDULE G r)EPAR1'MEN7 OF REVENUE INTER—VIVOS TRANSFERS AND INHERITANCE TAX RETURN MISC. NON—PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF FILE NUMBER Geneva C. Magonel 20 12 00420 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. DESCRIPTION OF PROPERTY ITEM INCLUDE NAME OF TRANSFEREE,RELATIONSHIP TO DECEDENT& DATE OF DEATH %OFDECD'S EXCLUSION TAXABLE NUM DATE OFTRANSFER.ATTACH COPYOF DEED FOR REAL ESTATE VALUE OF ASSET INTEREST OF APPLICABLE) VALUE 1 Magonel Bypass Trust-taxable portion 374,169.04 100 0.00 374,169.04 See attached sheet 2 Transamerica Fixed Annuity Contract 216,890.09 100 216,890.09 02TFB037073 Beneficiaries: Marysville Church of God, Marysville, PA Bethany United Methodist Church, Marysville, PA Community United Methodist Church, New Cumberland, PA Hill United Methodist Church, Duncannon, PA The New Cumberland Public Library, Mechanicsburg, PA Per 6/14/12 letter 3 Allstate Advantage Plus Annuity Contract 185,236.43 100 185,236.43 GA18292243 Beneficiaries: Marysville Church of God, Marysville, PA Bethany United Methodist Church, Marysville, PA Community United Methodist Church, New Cumberland, PA Hill United Methodist Church, Duncannon, PA New Cumberland Public Library, Mechanicsburg, PA Per 5/3/12 letter Total from continuation Schedule(s) 79,706.26 TOTAL(Also enter on Line 7, Recapitulation) 856,001.82 If more space is needed, use additional sheets of paper of the same size. Page 2 Estate of: Geneva C. Magonel 20 12 00420 Schedule G - Inter-Vivos Transfers and Misc. Non-Probate Property Item Date of Death %of Dec's Exclusion Taxable Num Description of Property Value of Asset Interest (if applicable) Value 4 Principal Annuity Contract 0303321 5,792.92 100 5,792.92 Beneficiary: Margaret R. Malehorn Per Form 712 5 Western National Life Insurance Co Annuity 73,913.34 100 73,913.34 VP215535 Beneficiary: Margaret R. Malehorn Per 6/20/12 letter TOTAL. (Carry forward to main schedule) 79,706.26 REV-1511 EX+(10-09) • pennsylvania SCHEDULE H D€PA0.TMENT:?F R V'1N.J'' FUNERAL EXPENSES AND INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER Geneva C. Magonel 20 12 00420 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 9,116.00 B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: 86,905.00 Name(s)of Personal Representative(sMargaret R. Malehorn Street Address 102 A Kings Highway city Maryville State PA Zip 17053 Year(s)Commission Paid: 2013 2. Attorney Fees 40,000.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation.) Claimant Street Address City State Zip Relationship of Claimant to Decedent 4. Probate Fees: 1,769.50 5. Accountant Fees: 700.00 6. Tax Return Preparer Fees: 8,364.52 TOTAL(Also enter on Line 9, Recapitulation) 146,855.02 If more space is needed, use additional sheets of paper of the same size. Page 2 Estate of: Geneva C. Magonel 20 12 00420 Schedule H, Part A - Funeral Expenses Item Number Description Amount 1 Stone& Murray Funeral Home 7,674.00 2 Stone & Murray Funeral Home 667.00 3 Community United Methodist Church 360.00 4 Community United Methodist Church, memorial luncheon 150.00 5 Gingrich Memorials, engraving 165.00 6 Michael Shalonis, memorial cards 100.00 TOTAL. (Carry forward to main schedule) 9,116.00 Page 3 Estate of: Geneva C. Magonel 20 12 00420 Schedule H, Part B - Administrative Costs Miscellaneous Expenses Item Number Description Amount 7 Postmaster 18.00 8 Scott Portzline, move piano to church 135.00 9 PNC Bank, check images in statement fee 3.00 10 Ehrlich; pest treatment 259.70 11 UGI 122.17 12 New Cumberland Boro, 13900-13900 Bridge Street sewer/trash 115.24 13 PA American Water 50.64 14 Margaret R. Malehorn, reimbursement 195.00 15 PNC Bank, service charge 9.00 16 PNC Bank, check images in statement fee 3.00 17 Margaret Malehorn, reimbursement for mileage 410.70 18 Verizon 25.20 19 PPL 58.71 20 UGI 9.04 21 PPL 23.35 22 PA American Water 28.42 23 Staples 165.59 24 JC Ehrlich 44.52 25 Saidis, Sullivan & Rogers, out of pocket expenses 249.40 26 PNC Bank, service charge 9.00 27 PNC Bank, check images in statement fee 3.00 28 Verizon 54.16 29 JC Ehrlich 44.52 TOTAL. (Carry forward to main schedule) 2,036.36 Page 4 Estate of: Geneva C. Magonel 20 12 00420 Schedule H, Part B - Administrative Costs Miscellaneous Expenses Item Number Description Amount 30 PPL 36.81 31 PNC Bank, service charge 9.00 32 PNC Bank, check images in statement fee 3.00 33 PPL 57.45 34 UGI 10.05 35 Postmaster 9.00 36 PAWC 31.29 37 UGI 9.04 38 PPL 50.95 39 Verizon 24.79 40 New Cumberland Borough 115.24 41 PNC Bank, check images in statement fee 3.00 42 PAWC 21.20 43 PNC Bank, continuous overdraft charge 98.00 44 JC Ehrlich 44.52 45 Verizon 49.00 46 UGI 9.04 47 PNC Bank, check images in statement fee 3.00 48 PPL 64.02 49 PAWC 20.28 50 UGI 10.05 51 Verizon 24.53 52 PNC Bank, check images in statement fee 3.00 TOTAL. (Carry forward to main schedule) 706.26 Page 5 Estate of: Geneva C. Magonel 20 12 00420 Schedule H, Part B -Administrative Costs Miscellaneous Expenses Item Number Description Amount 53 JC Ehrlich 45.52 54 JC Ehrlich 44.52 55 PAWC 19.53 56 New Cumberland Borough, sewer/trash 115.24 57 UGI 9.04 58 PPL 44.55 59 Yarnell Security Systems 100.49 60 Verizon 24.74 61 PPL 38.65 62 Ehrlich 91.04 63 Ehrlich 44.52 64 Millville Mutual Insurance, house fire insurance 771.00 65 Postmaster 10.49 66 PAWC 19.53 67 UGI 46.67 68 Yarnell Security Systems 198.00 69 PPL 42.63 70 Verizon 24.64 71 PAWC 24.18 72 Verizon 24.64 73 PPL 39.95 74 UGI 71.68 75 Yarnell Security Systems 177.70 TOTAL. (Carry forward to main schedule) 2,028.95 Page 6 Estate of: Geneva C. Magonel 20 12 00420 Schedule H, Part B - Administrative Costs Miscellaneous Expenses Item Number Description Amount 76 PAWC 21.59 77 Ehrlich 44.52 78 UGI 111.60 79 New Cumberland Borough, sewer/trash 115.24 80 Woof Appraisals 550.00 81 Register of Wills, additional probate fee 100.00 82 Saidis, Sullivan & Rogers, reserve for additional out of pocket expenses 150.00 83 Reserve for carrying costs re: residence pending court approval for sale as 2,500.00 well as costs of petition for approval re: same TOTAL. (Carry forward to main schedule) 3,592.95 REV-1512 EX+(12-08) pennsylvania SCHEDULE t FPAR IMI' ;Zi-3iFd NJ DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES & LIENS RESIDENTDECEDENT ESTATE OF FILE NUMBER Geneva C. Magonel 20 12 00420 Report debts incurred by 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 PPL 24.95 2 PAWC 21.98 3 Alert Pharmacy 230.98 4 Leffler Energy 342.27 5 US Treasury, 2011 Form 1040 16,232.00 6 PA Department of Revenue, 2011 PA-40 15,667.00 7 Verizon 24.19 8 AAA Financial Services, visa charge card 2,442.42 9 US Treasury, Form 1040 413.00 10 Alert Pharmacy Services 58.59 11 Margaret R. Malehorn, Agent under Power of Attorney; fee calculated at 40,000.00 approximately 1% per annum for one year prior to Decedent's death. TOTAL(Also enter on Line 10, Recapitulation) 75,457.38 If more space is needed, insert additional sheets of the same size. REV-1513 EX+(01-10) pennsylvania SCHEDULE J UERARIMF,N" K3 ,-N;), INH ERITANCE TAX RETURN BENEFICIARIES RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Geneva C. Magonel 20 12 00420 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).] Margaret R. Malehorn Niece 1,841,387.51 102 A Kings Highway Marysville, PA 17053 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: B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: 2,861,387.50 TOTAL OF PART II-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. 2,861,387.50 If more space is needed, use additional sheets of paper of the same size. Page 2 Estate of: Geneva C. Magonel 20 12 00420 Schedule J2 - Part B Charitable and Governmental Distributions Item Description Amount 1 Bethany United Methodist Church 554,246.16 400 Lansvale Street Marysville, PA 17053 2 The New Cumberland Public Library 554,246.16 1 Benjamin Plaza New Cumberland, PA 17070 3 Hill United Methodist Church 554,246.16 c/o Charnette Wilt 220 Notch Road Duncannon, PA 17020 4 Community United Methodist Church 554,246.16 16th and Bridge Streets New Cumberland, PA 17070 5 Marysville Church of God 530,860.60 106 Maple Avenue Marysville, PA 17053 6 Winebrenner Theological Seminary 43,385.57 950 North Main Street Findlay, OH 45840 7 Salvation Army 23,385.56 1122 Green Street Harrisburg, PA 17102 8 Pressley Ridge 23,385.57 141 East Market Street York, PA 17401 9 Bethesda Mission 23,385.56 2001 North Front Street Harrisburg, PA 17110 TOTAL. (Carry forward to main schedule) 2,861,387.50 . Win and Tesamen OF GENEVA C. MAGONEL I, GENEVA C. MAGONEL, of New Cumberland, Cumberland County, Pennsylvania, do make, publish and declare this to be my Last Will and Testament, hereby revoking all Wills and Codicils by me heretofore made. ITEM I: Family Information. I am a widow. having been married to Vance J. Magonel, who predeceased me. ITEM II: Death Taxes. I direct that all inheritance and estate taxes becoming due by reason of my death, whether payable by my estate or by any recipient of any property, shall be paid by the Executor out of the residue of my estate, as an expense and cost of administration of my estate, being charged generally to the residue before division into shares. The Executor shall have no duty or obligation to obtain reimbursement for any such tax so paid, even though on proceeds of insurance or other property not passing under this Will. ITEM III: Debts and Final Expenses. I direct the Executor to pay the expenses of my last illness, my legally enforceable debts, and my funeral expenses from the residue of my estate as an expense and cost of administration of my estate. ITEM IV: Tangible Personal Property. (a) Written List. I may leave a written list in my safe deposit box or elsewhere disposing of certain items of my tangible personal property. The Executor shall dispose of items of my personal property as specified in the written list. If no written list is found in my safe deposit box or elsewhere and properly identified by the Executor Page 1. '7 within thirty (30) days after the probate of my Will, it shall be presumed that there is no other statement or list. Any subsequently discovered list shall be ignored. (b) To Niece. I give all my tangible personal property not set forth in the written list referenced in paragraph (a), including but not limited to, all of my household furniture and furnishings, books, pictures, jewelry, silverware, automobiles, wearing apparel and all other articles of household or personal use or adornment and all policies of insurance thereon to my niece, MARGARET R. MALEHORN. If she does not survive me, this property shall be sold and the proceeds shall be added to the residue of my estate. ITEM V: Cash Gift. I give the sum of TWENTY THOUSAND ($20,000) DOLLARS to WINEBRENNER THEOLOGICAL SEMINARY, 950 North Main Street, Findlay, Ohio. ITEM VI: Residue. It is my intention that the assets passing as a result of my death, including non-probate assets, but excluding the cash gift passing as a result of ITEM V and tangible personal property passing as a result of ITEM IV, after the payment of all death taxes referenced in ITEM II, all debts and final expenses referenced in ITEM III and all expenses of administering my estate, and also specifically including a lifetime gift which I have made in April, • 2010 to my niece, MARGARET R. MALEHORN, in the approximate amount of One Million ($1,000,000) Dollars, shall be distributed in the following proportions: (a) FIFTY (50%) PERCENT to my niece, MARGARET R. MALEHORN, Marysville, Pennsylvania. If she does not survive me, this gift shall lapse and shall be proportionately reallocated among the charities named in this Item. (b) TEN (10%) PERCENT to MARYSVILLE CHURCH OF GOD, Marysville, Pennsylvania; Page 2 (c) TEN (10%) PERCENT to BETHANY UNITED METHODIST CHURCH, Marysville, Pennsylvania; (d) TEN (10%) PERCENT to COMMUNITY UNITED METHODIST CHURCH, New Cumberland, Pennsylvania; (e) TEN (10%) PERCENT to HILL UNITED METHODIST CHURCH, Duncannon, Pennsylvania; and (f) TEN (10%) PERCENT to THE NEW CUMBERLAND PUBLIC LIBRARY, New Cumberland, Pennsylvania. I direct the Executor to employ a "hotch pot" type calculation to insure that the residue of my estate is distributed in the percentages necessary to ensure that the percentage of net assets received by each residuary beneficiary as a result of my death, taking into account the adjustments and life time gift set forth above, is in the percentage specified above. I direct that each charity hold the gift to it (including assets passing to those charitable organizations as a result of my having named one or more of them as beneficiaries of annuities which I own) as an endowment, the income from which may be used for whatever purposes the governing body of the charitable organization deems appropriate. Further, I encourage each charitable organization to retain LeRoy J. Jones, Jr., of Waddell & Reed for investment advisory services. ITEM VI: Administrative Powers. In addition to the powers granted at law, the Executor shall possess the following powers. each of which shall be construed broadly and may be exercised without court approval, but in a fiduciary capacity only: (a) Retain Investments. To retain any investments I have at my death, including specifically those consisting of stock of any bank even if I have named that bank as the Executor. i Page 3 it Vary Investments. To vary investments and to invest in bonds, stocks, notes, real estate mortgages or other securities or in other property, real or personal, without. being restricted to so-called "legal investments", and without being limited by any statute or rule of law regarding investments by fiduciaries. (c) Division of Assets. In order to divide the principal of my estate or make distributions, the Executor is authorized to distribute personal property and real property partly or wholly in kind, and to allocate specific assets among beneficiaries so long as the total market. value of each share is not affected by the division, distribution or allocation in kind. The Executor is authorized to make, join in and consummate partitions of lands, voluntarily or involuntarily, including giving of mutual deeds, or other obligations, with as wide powers as an individual owner in fee simple. (d) Sell Assets. To sell either at public or private sale any or all real or personal property severally or in conjunction with other persons, and to consummate sale(s) by deed(s) or other instrument(s) to the purchaser(s), conveying a fee simple title. No purchaser shall be obligated to see to the application of the purchase money or to make inquiry into the validity of any sale. The Executor is authorized to make, execute, acknowledge and deliver deeds, assignments, options or other writings as necessary or convenient to carry out the powers conferred upon the Executor. (e) Encumber Real Estate. To mortgage real estate, and to make leases of real estate. (f) Borrow Money. To borrow money from any person, including the Executor, to pay indebtedness of mine or of my estate, expenses of administration or inheritance, legacy, estate and other taxes, and to assign and pledge assets of my estate. Page 4 1 (g) Pay Costs. To pay all costs, taxes, expenses and charges in connection with the administration of my estate. (h) Distributions Without Court Order. To make distributions of income and of principal to the proper beneficiaries, during the administration of my estate, with or without court order, in such manner and in such amounts as my Executor deems prudent and appropriate. (i) Rights as Stockholder. To exercise voting rights with respect to securities which form a part of my estate, and to exercise all the powers incident to the ownership of securities. (j) Reorganize. To unite with other owners of property similar to property in my estate to carry out any plans for the reorganization of any company whose securities form a part of my estate. (k) Disclaim. To disclaim any interest in property which would devolve to me or my estate by whatever means, including but not limited to the following means: as beneficiary under a will, as an appointee under the exercise of a power of appointment, as a person entitled to take by intestacy, as a donee of an inter vivos transfer, and as a donee under a third-party beneficiary contract. (1) Tax Returns. To prepare, execute and file tax returns of any type required by applicable law, and to make all tax elections authorized by law. (m) Allocated Expenses. To allocate administrative expenses to income or to principal, as the Executor deems appropriate. However, no allocation to income shall be made if the effect of the allocation is to cause a reduction in the amount of any estate tax marital deduction or estate tax charitable deduction. Page 5 it (n) Emplov Advisors. To employ custodians of property, • investment or business advisors, accountants and attorneys as the Executor deems appropriate, and to compensate these persons from assets of my estate, without, affecting the compensation to which the Executor is entitled. (a) Basis Adjustment. To make any adjustment to basis authorized by law, including, but not limited to increasing the basis of any property included in my estate, whether or not, passing under this Will, by allocating any amount by which the bases of assets may be increased. The Executor shall be under no duty and shall not be required to allocate basis increase exclusively, primarily, or at all to assets which pass as part of my probate estate as opposed to other property for which a basis adjustment is allowable. The Executor shall allocate basis increase equitably among those beneficiaries receiving property as a result of my death, but shall not be liable to any person, nor subject to removal or surcharge, for any reasonable allocation of basis increase. i claims. Compromise Claims. To compromise� ro rom p (1 ) Com p (q) Other Acts. To do all other acts in the Executor's judgment deemed necessary or desirable for the proper and advantageous management, investment and distribution of the estate. ITEM VIII: Survival. Any person who has died within thirty (30) days of my death, or under such circumstances that the order of our deaths cannot be established by proof, shall be deemed to have predeceased me. ITEM IX: Executors. I make the following provisions with respect to Executors: (a) Initial Executor. I appoint MARGARET R. MALEHORN to serve as Executor. Page 6 — (b) Successor Executor. In the event that 1\/L4RGARET R. MALEHORN is unable or refuses to serve as Executor, I appoint. DALE M. NL .LEHORN to serve as Executor. (c) Compensation. The Executor shall have the right to receive reasonable compensation for services rendered and reimbursement for reasonable expenses. (d) Standard of Care. No Executor shall be liable or accountable for any loss that may result from the good faith exercise of the authority granted in this Will. (e) Security. The Executor is specifically relieved from the duty of filing bond or entering security. IN WITNESS WHEREOF, I have set my hand and seal to this, my Last Will and Testament, consisting of this and the preceding six (6) pages, at the end of each page of which I have also set my initials for greater security and better identification this // day of j' ; ---- , 20/0 . ;' (SEAL) GENEVA C. MAGOgEL We, the undersigned, hereby certify that the foregoing Will was signed, sealed, published and declared by the above-named Testatrix as and for her Last Will and Testament, in the presence of us, who, at her request and in her presence and in the presence of each other, have hereunto set our hands and seals the day and year first above written, and we certify that at the time of the execution thereof, the said Testatrix was of sound and disposing mind and memory. l Lz t,L (SEAL) Residing at 0)90 / t / �.� -t( �' (SEAL) Residing at C� ( 1!�l,' �f I;:_- ", Sri :"(;Cf . Gtif `I 11�� ACKNOWLEDGMENT COMMONWEALTH OF PENNSYLVANIA ) 1 r ) SS: COUNTY OF 1, GENEVA C. MAGONEL, 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 and Testament; that I signed it willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. _(SEAL) GENEVA C. MAGGIVEL Sworn to and subscribed before me this (; day of C 1, , 201D. Notary Public My Commission Expires: (SEAL) COMMONWEALTH O °=t�itiSY�VANIA NOTARIAL SEAL CYNTHIA J.RULE,Notary Public Lemoyne Boro.,Cumberland County My Commission ExIDires rebruar�3,201 2 AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA ) ,i � ) SS: COUNTY OF We, LL,`S ,a. G(/,47TH and ' <. j ;A j 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 Testatrix, GENEVA C. MAGONEL sign and execute the instrument as her Last Will and Testament; that Testatrix signed willingly and that she executed said Will 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. 01,1w a. 6),{),i_,L , Witness it.ness Sworn to and subscribed before me this I L -i- day of 20c. Notary Public My Commission Expires: (SEAL) C.CMMONW A._Tr:�r _v �:•.rt r, NOTARIAL SEAL CYNTHIA J. RULE,Notary Public Lemoyne Boro., Cumberland County ( My Commission Expires February 3.2012 Estate of Geneva C. Magonel Date of Death: 25-Mar-12 Pennsylvania Inheritance Tax Return Shares of Beneficiaries Item VI of the Decedent's Will provides for the division of the residue of her estate employ a "hotchpot" approach before division of the residue, taking into account non-probate assets and a lifetime gift to the Decedent's niece. Assets in the Hotchpot: Probate Non-Probate Total Schedule A $ 135,000.00 Schedule B $ 3,811,322.07 Schedule E $ 122,763.52 Schedule G, Items 2 - 5 $ 481,832.78 Total Gross Assets $ 4,069,085.59 $ 481,832.78 $ 4,550,918.37 Deductions (Non-Residuary Charitable): Schedule H $ (146,855.02) $ (146,855.02) Schedule I $ (75,457.38) $ (75,457.38) Specific Charitable Gift $ (20,000.00) $ (20,000.00) Total Deductions before Residue $ (242,312.40) $ (242,312.40) Net Estate before Charitable Residue/Non-Probate Gifts $ 3,826,773.19 $ 481,832.78 $ 4,308,605.97 Add to Hotchpot 2010 Gift to Marg $ 1,000,000.00 $ 1,000,000.00 Total Hotchpot $ 5,308,605.97 Note: Schedule G, Item 1 is outside of the shares of the beneficiaries of the Estate of Geneva Magonel, but those beneficiaries are shown as appropriate on Schedule J - Total value of that is $374,169.04. 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L I I I C a) O I,O LC) Ln V O O Ln LC) I d �ca 1 O O co co I 1 �1 L O 1 O i O co M ' I 1 i.al C 'O ' O co- M j 1 1 1 = a) 1 N , N , 1 ,t • •H ' 164 '64 b4 EA- 1 j1 o co co 0' o 'co, c) ICO co, :co co; CO Ln ,, , ,..1 I co Ln : 1, i 'Lc" L(-) O Ln' Co ' U CU ■OD r op () N I� .Z..Q ,C O O O O CO 'ct ' J IM 'O Lo Co I CO N Ln', Lc") LC" Ln 69 69- H} K-} 'd4 EF} 69- COMMONWEA-TH OF PENNSI i_VAN] , RE V '1 L _X! 1-06 DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT.280601 HARRISBURG,PA 17128-0601 PENNSYLVANIA RECEIVED FROM: INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO. CD 016149 MALEHORN MARGARET R 102—A KINGS HIGHWAY MARYSVILLE, PA 17053 ACN ASSESSMENT AMOUNT CONTROL NUMBER ,old 101 $250,000.00 ESTATE INFORMATION: SSN: 179-12-5350 FILE NUMBER: 2112-0420 DECEDENT NAME: MAGONEL GENEVA C DATE OF PAYMENT: 06/21 /2012 POSTMARK DATE: 06/20/2012 COUNTY: CUMBERLAND DATE OF DEATH: 03/25/2012 TOTAL AMOUNT PAID: $250,000.00 REMARKS: CHECK# 1001 INITIALS: CJ SEAL RECEIVED BY: GLENDA FARNER STRASBAUGH REGISTER OF WILLS TAXPAYER COMMONU,EALTH OE PENI1SY._VAI4:: HE■' ? I L2 EX'1 1 TO DEPARTMENT O.REVENUE BUREAU OE INDIVIDUAL TAXES DEPT.280601 HARRISBURG,PA 17128-0601 PENNSYLVANIA RECEIVED FROM: INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO. CD 016942 MALEHORN MARGARET R 102-A KINGS HIGHWAY MARYSVILLE, PA 17053 ACN ASSESSMENT AMOUNT CONTROL NUMBER fold 101 $13,330.00 ESTATE INFORMATION: SSN: 179-12-5350 FILE NUMBER: 2112-0420 DECEDENT NAME: MAGONEL GENEVA C DATE OF PAYMENT: 12/19/2012 POSTMARK DATE: 1 2/18/2012 COUNTY: CUMBERLAND DATE OF DEATH: 03/25/2012 TOTAL AMOUNT PAID: $13,330.00 REMARKS: CHECK# 274 INITIALS: DMB SEAL RECEIVED BY: GLENDA FARNER STRASBAUGH REGISTER OF WILLS TAXPAYER Cayle Swindler From: Cayle Swindler Sent: Tuesday, December 18, 2012 8:46 AM To: RA-InheritanceTaxExt @state.pa.us Cc: Elyse Rogers Subject: Estate of Geneva C. Magonel; File No. 21-12-0420; Date of Death: March 25, 2012 Dear Sir/Madam: Please accept this correspondence as our request for an extension of time to file the Inheritance Tax Return for the above-referenced decedent due to the unavailability of records needed to complete the return. If you have any questions or require additional information, please do not hesitate to contact me. Sincerely yours, Elyse E. Rogers, Esquire Saidis,Sullivan & Rogers 635 North 12th Street,Suite 400 Lemoyne, PA 17043 erogers@ssr-attornevs.com 717-612-5801 717-612-5805 (fax) 1 WOOF APPRHISAL GROUP File No.PVT-10390 I l APPRAISAL OF I I 1 I I A SINGLE FAMILY LOCATED RESIDENTIAL HOME i 1829 BRIDGE STREET NEW CUMBERLAND,PA 17070 i CLIENT. GENEVA C MAGONEL 1829 GE STREET I NEW CUMBEBRIDRLAND,PA 1707D I I AS OF. DECEMBER 20.2011 Summary Residential Appraisal Report PIIeNC PVT10390 the purpose of this appraisal report is to provide the client with a credible opinion of the defined value of the subject property,given the intended use of the appraisal. Client Namellirlenoed User GENEVA C MAGONEL L-mailDMMALEHORN @NETZERCNET Client Address 1829 BRIDGE STREET Cue NEW CUMBERLAND State PA Zip 17070 2-Additional Intended Wens)MARGARET R&DALE M MALEHORN Intended Use ESTABLISH CURRENT MARKET VALUE Property Address 1829 BRIDGE STREET City NEW CUMBERLAND State PA Zip 17070 e- Owner of Public Record GENEVA C&VANCE J MAGONEL County CUMBERLAND Legal Description NOT LISTED ON ASSESSMENT INFORMATION Assessor's Parcel M 26-22-0820-052 lax Year 2011 R.E.Taxes S 2,731.53 Neighborhood Name NEW CUMBERLAND Mae Reference 22-0820 Census had 3240-0107.00 Property Rights A.praised ®Fee Simple Leasehold Other(describe) My research L ]did X did not reveal an .rior sales or transfers of the sub ect.ro.ert for the three ears prior to the effective date of this appraisal Prior Sale/Transfer. Date Price Source(s) Analysts of prior sale or transler history of the subject property land comparable safes,if applicable) THE PROPERTY IS CURRENTLY NOT LISTED FOR SALE OR LISTED FOR SALE WITHIN THE LAST 12 MONTHS.THERE HAS BEEN NO TRANSFERS OF THE SUBJECT IN THE LAST THREE YEARS. cc C F- be be w be Offerings,options and contracts as of the effective date of the appraisal N/A Neighborhood Characteristics One-UnrtHousing Trends one-unit Housing PresentLand.Use% Location •Urban ©Suburban U Rural Pro.ert Values U Increasin. ©Stable Declinin. PRICE AGE One-Unit 75% IMO Over 15% UREMBU Under 25% Demand/Su..1 5 Shorta.e •In Balance Over Su..1 $(000) (yrs) 2-4 Unit 10% Growth j Rapid ©Stable Slow Marketing Time II Under 3 mths ©3-6 mths - Over 6 mths 75 Low NEW Multi-Family 5% p, Neighborhood Boundaries THE NEIGHBORHOOD BOUNDARIES CONSIST OF HOMES IN THE AREA 625 Hi.h 160 Commercial 10% 2 COMMONLY KNOWN AS THE BOROUGH OF NEW CUMBERLAND. 175 Fred 55 Other Neighborhood Description THE SUBJECT PROPERTY IS LOCATED IN AN ESTABLISHED RESIDENTIAL NEIGHBORHOOD COMPRISED PREDOMINANTLY OF SINGLE FAMILY HOUSES. COMMERCIAL USES LOCATED IN THE SUBJECTS'NEIGHBORHOOD,DO NOT HAVE AN ADVERSE EFFECT ON MARKETABILITY.EASY ACCESS TO EMPLOYMENT CENTERS,SCHOOLS,SHOPPING,AND TRANSPORTATION. Market Conditions(including support for the above conclusions) AREA REAL ESTATE MARKET IS CONSIDERED TO BE MODERATELY ACTIVE.LOAN DISCOUNTS,INTEREST BUYDOWNS,AND OTHER CONCESSIONS ARE NOT TYPICAL IN THIS MARKET.CONVENTIONAL FINANCING IS READILY AVAILABLE. Dimensions 60 X 110 Area 0.15 ACRES Shape RECTANGULAR View BUSY STREET S.ecific Zoom.Classification R1 Zonin.Descri.tion RESIDENTIAL _ Zonin.Com.liance ORMIN Legal Nonconformin.(Grandfathered Use) U No Zonin U Ille.al(describe) Is the highest and best use of the subject property as improved(or as proposed per plans and specifications)the present use? tx_l Yes ❑No If No,describe. Utilities Public Other(describe) Public Other(describe) Off-site Improvements—T •e Public Private Electricity J Water • •_ Street MACADAM Gas X Sanitary Sewer X r Alley NONE NEM Site Comments NO APPARENT ADVERSE EASEMENTS OR ENCROACHMENTS NOTED DEED NOT PROVIDED BY CLIENT.SITE AREA TAKEN FROM CUMBERLAND COUNTY TAX ASSESSMENT DATABASE AND NOT GUARANTEED ACCURATE. GENERAL DESCRIPTION ----11 J FOUNDATION EXTERIOR DESCRIPTION- _materials INTERIOR materials Uni ts X1 [ One One UConcreteSlab Crawl S ace Foundation Walls CONC.BLOCK Floors HARDWOOD/AVE, X of Stories 2 ••I Full Basement ©Partial Basement Exterior Walls BRICK&ALUMINUM Walls PLASTER/AVE _ N Del IMO S-Del.IEnd Unit Basemen)Area 704 5..11. Roof Sudace FIBERGLASS SH._Trim/Finish PINE/AVERAGE Exisun. _ Pro..sed is Under Const. Basemen)Finish 20% Gutters&Downspouts ALUMINUM Bath Floor VINYL/GOOD _ Desi.n(St le)2 STORY [U Outside Entr lExil U C Sum.Punt. Windows .e WOOD&VINYL Bath Wainscot CERAMIC/AVE. Year Built 1939 Storm Sash/Insulated STORM OR THEMO Car Storage I ]None Effective A.e(Yrs 35 Screens HALF SCREENS ❑Driveway it of Cars Attic _ �U None ESEM�y NCIILI i. Amenities WoodStove(s)F Driveway Surlace CONCRETE nrnn Cran t emirs Other Fuel OIL X Fireplacels)d'1 Fence Garage q of Cars 1 Summary Residential Appraisal Report F lie No. PVT10390 FEATURE, SUBJECT COMPARABLE SALE NO 1 1 COMPARABLE SALE NO 2 1 COMPARABLE SALE NO 2 1829 BRIDGE STREET 245 WESTOVER DRIVE (511 CAROL STREET 1703 ELM STREET Address NEW CUMBERLAND NEW CUMBERLAND NEW CUMBERLAND 1 NEW CUMBERLAND Proximity to Subject _0.08 NE 0.19 WSW 10 21 S Sale Price $ s 186,000 1$ 168,500 _s 177.000 Sale PncelGross Liv Area $ 0.00 sq.It $ 110.06 sq.fr. $ 118.16 sq.IT 5 91.61 sq.II Data Sources) MULTI-LIST SERVICE _MULTI-LIST SERVICE MULTI-LIST SERVICE Verification Source(s) COUNTY DATABANK COUNTY DATABANK COUNTY DATABANK VALUE ADJUSTMENTS DESCRIPI ION DESCRIPTION , ,f-Is Adlusimem JESCRIPTION -fl s Adlusrment _ DESCRIPTION .1)s Adtusrmem Sale or Financing VA W/HELP -7,000 VA W/HELP -6,000 FHA W/HELP -4,700 Concessions 97 DOM 96 DOM _ 64 DOM Date ofSale/lime_ - - 10/21/2011 _ 02/11/2011 101/31/2011 Location SUBURBAN SUBURBAN SUBURBAN _ SUBURBAN _ LeaseholdlfeeSimple FEE SIMPLE FEE SIMPLE FEE SIMPLE FEE SIMPLE Site 0.15 ACRES 0.27 ACRES* -40,000 0.16 ACRES 0.21 ACRES -5,000 View _ BUSY STREET RESIDENTIAL +5,000 RESIDENTIAL , +5.000 RESIDENTIAL +5,000 - Design(Style) 2 STORY 2 STORY 2 STORY 12 STORY _ Quality of Construction AVERAGE ABOVE AVE. _ -5.000 ABOVE AVE _ -5.000 _ABOVE AVE. -5,000 a Actual Age 72 74 _59 63 I c_ Condition AVERAGE J AVERAGE ABOVE AVE. -15,000 ABOVE AVE. -15,000 z Above Grade sore Bdrmsl ears total Brims Baths Taal Balms. Baths Total Bums Baths s Room Count 6 3 1.5 . 6 3 1.5 6 3 1.0 +3.000 r8 © 2.5 -8,000 Gross Living Area 30.00 1,686 sq.ft 1,690 sq.ft 0 1.426 sq_h, +7,800 1.932 sr.fl. -7,400 Basement&Finished FULL BASEMENT FULL BASEMENT FULL BASEMENT FULL BASEMENT -1 Rooms Below Grade DEN UNFINISHED _ +1,500 REC ROOM -3,000 DEN E Functional Utility AVERAGE AVERAGE AVERAGE AVERAGE Heating/Cooling FHA/NONE _STEAM/NONE _ BBHW/NONE _ FHA/CA -4,000 Energy Efficient Items SOME THERMO _NONE +1,500 THERMOPANES -1,500 THERMOPANES -1,500 Garage/Carport 1 ATT GARAGE _2 DET GARAGE -4,000 1 ATT GARAGE i CARPORT +2,000 Porch/Patio/Deck PATIO _PATIO COV'D PATIO -1,500 PORCH,DECK -4,000 FIREPLACE 1 FIREPLACE _NO FIREPLACE +3,00011 FIREPLACE NO FIREPLACE +3,000 Net Adjustment(Total) ' Q+ ©- $ 45.000 1 J+ R $ 16,200 Q+ ©- _$ 44,600 Adjusted Sale Price Net Adj. -24.2% Net Adj. -9.6% Net Adj. -25.2% ofComparables -: Gross Adj. 36.0% $ 141.000 Gross Adj. 28.4% $ 152,300 Gross Adj. 36.5% S 132,400 Summary of Sales Comparison Approach * SALE#1 HAD A BUILDABLE LOT AREA ON CAROL STREET REQUIRING A$40,000 SITE ADJUSTMENT.ALL THREE SALES REQUIRED A LOCATION ADJUSTMENT FOR BEING LOCATED ON A RESIDENTIAL SIDE STREET.ALL THREE SALES REQUIRED A QUALITY ADJUSTMENT FOR BEING ALL BRICK CONSTRUCTION.WITH THE CURRENT ROOF PROBLEMS.ORIGINAL KITCHEN,AND THE EXTENSIVE WALLPAPER,AN AS-IS VALUE FOR THE APPRAISED PROPERTY IS INDICATED AT$135,000. WITH THE ROOF LEAKS CORRECTED, A NEW KITCHEN,REFINISHED HARDWOOD FLOORS,THE INSTALLATION THERMOPANE WINDOWS,AND PAINTED PLASTER WALLS,A PROJECTED REMODELED SALES PRICE OF$180,000 IS PROJECTED. ;n H- Z - 41 5_ C U Discussion of methods and techniques employed,including reason for excluding an approach to value: THE INCOME AND COST APPROACHES TO VALUE WERE BOTH CONSIDERED NO APPLICABLE DUE TO NO RESIDENTIAL RENTAL SALES AND THE AGE OF THE IMPROVEMENTS. e.•Nr. PVT 1039C. Scope of Work,Assumptions and Limiting Conditions Scope of work is defined in the Uniform Standards of Professional Appraisal Practice as"the type and extent of research anc.analyses in an assignment"In short,scope of work is simply wear the appraiser did and did not do during the course of the assignment_It includes,but is not limited to the extent to which the property is identified and inspected.the type and extent of data researched.the type and extent of analyses applied to arrive at opinions or conclusions. The scope of this appraisal and ensuing discussion in this report are specific to the needs of the client,other identified intended users and to the intended use of the report.This report was prepared for the sole and exclusive use of the client and other identified intended users for the identified intended use and its use by any other parties is prohibited.The appraiser is not responsible for unauthorized use of the report. The appraiser's certification appearing in this appraisal report is subject to the following conditions and to such other specific conditions as are net forth by the appraiser in the report.All extraordinary assumptions and hypothetical conditions are stated in the report and might have affected the assignment results. 1.The appraiser assumes no responsibility for matters of t legal nature affecting the property appraised or title thereto,nor does the appraiser render any opinion as to the title,which is assumed to be good and marketable. The property is appraised as though under responsible ownership. 2.Any sketch in this report may show approximate dimensions and is included only to assist the reader in visualizing the property.The appraiser has made no survey of the property. 3.The appraiser is tel required to give testimony or appear in coon because of having made the appraisal with reference to the property in question,unless arrangements have been previously made thereto. 4. Neither all,nor any pan of the content of this report copy or other media thereol(including conclusions as to the properly value,the identity of the appraiser,professional designations, or the firm with which the appraiser is connected),shall be used for any purposes by anyone but the client and other intended users as identified in this tepee nor shall it be conveyed by anyone to the public through advertising,public relations,news,sales,or other media,without the written consent of the appraiser. 5.The appraiser will not disclose the contents of this appraisal report unless required by applicable law or as specified in the Uniform Standards of Professional Appraisal Practice. 6.information,estimates,and opinions furnished to the appraiser,and contained in the report,were obtained from sources considered reliable and believed to be cue and correct. However,no responsibility for accuracy of such items furnished to the appraiser is assumed by the appraiser. 7.The appraiser assumes that there are no hidden or unapparent conditions of the property,subsoil,or structures,which would render it more or less valuable.The appraiser assumes no responsibility for such conditions,or for engineering or testing,which might be required to discover such factors.This appraisal is not an environmental assessment of the properly and should not be considered as such. 8.The appraiser specializes in the valuation 01 real property and is not a home inspector,building contractor,structural engineer,or similar expert,unless otherwise noted.The appraiser did not conduct the intensive type of field observations of the kind intended to seek and discover property defects. The viewing of the property and any improvements is for purposes of developing an opinion of the defined value of the property,given the intended use of this assignment. Statements regarding condition are based on surface observations only The appraiser claims no special expertise regarding issues including,but not limited to foundation settlement,basement moisture problems,wood destroying(or other)insects,pest infestation, radon gas,lead based paint,mold or environmental issues.Unless otherwise indicated,mechanical systems were not activated or tested. This appraisal report should not be used to disclose the condition of the property as 0 relates to the presence/absence of defects.The client is invited and encouraged to employ qualified experts to inspect and address areas of concern.It negative conditions are discovered,the opinion of value may be affected. Unless otherwise noted,the appraiser assumes the components that constitute the subject property improvement(s)are fundamentally sound and in working order. Any viewing of the property by the appraiser was limited to readily observable areas.Unless otherwise noted,attics and crawl space areas were not accessed.The appraiser did not move furniture,floor coverings or ether items that may restrict the viewing of the properly. 9.Appraisals involving hypothetical conditions related to completion of new construction,repairs or alteration are based on the assumption that such completion,alteration or repairs will be competently performed. 10.Unless the intended use of this appraisal specifically includes issues of property insurance coverage,this appraisal should not be used for such purposes. Reproduction or Replacement cost figures used in the cost approach are for valuation purposes only,given the intended use of the assignment.The Definition of Value used in this assignment is unlikely to be consistent with the definition of Insurable Value for property insurance coverage/use. 11.The ACI General Purpose Appraisal Report(GPAR'")is not intended for use in transactions that require a Fannie Mae 1004/Freddie Mac 70 form. also known as the Uniform Residential Appraisal Report(URAR). Additional Comments Related To Scope Of Work,Assumptions and Limiting Conditions STATEMENT OF ADDITIONAL LIMITING CONDITIONS AND ASSUMPTIONS THIS APPRAISAL REPORT HAS BEEN PERFORMED FOR THE CLIENT INDICATED IN THE PRECEDING,WITH WHOM PROFESSIONAL STANDARDS REQUIRES ME TO MAINTAIN A STRICT REQUIREMENT OF CONFIDENTIALITY. I,BY REASON OF THIS REPORT,AM NOT REQUIRED TO GIVE TESTIMONY IN COURT WITH REFERENCE TO THIS APPRAISAL.IF ANYONE WISHES MY APPEARANCE,IT CAN BE ARRANGED ONLY BY PRIOR ARRANGEMENT BEING MADE WITH ME.SUCH APPEARANCES SHALL BE MADE AS AN EXPERT WITNESS AND THE FEE FOR SUCH APPEARANCES SHALL BE AT THE RATE OF$125/HOUR PORTAL TO PORTAL, PLUS ANY REASONABLE COST INCURRED BY ME. PURPOSE: THE PURPOSE OF THIS APPRAISAL IS TO ESTIMATE THE MARKET VALUE OF THE FEE SIMPLE INTEREST IN THE TITLE OF THE PROPERTY. SIGNATURE. THE ELECTRONIC SIGNATURE USED IN THIS REPORT ARE PROTECTED BY THE APPRAISER AND ONLY THE APPRAISER HAS COMPLETE CONTROL OF THE SIGNATURE. ADDITIONAL CERTIFICATION: a_Ns- P j'f 339,, Appraiser's Certification The appraiserts)certifies that to the best of the appraisers knowledge and belief. 1.The statements of fact contained in this report are true and correct. 2. The reported analyses,opinions,and conclusions are limited only by the reported assumptions and limiting conditions and are the appraisers personal,impartial,and unbiased professional analyses,opinions,and conclusions. 3. Unless otherwise stated,the appraiser has no present or prospective interest in the property that is the subject of this report and has no personal interest with respect to the parties involved. 4.The appraiser has no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. 5. The appraisers engagement in this assignment was not contingent upon developing or reporting predetermined results fi.The appraisers compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client,the amount of the value opinion,the attainment of a stipulated result,or the occurrence of a subsequent event directly related to the intended use of this appraisal. 7.The appraiser's analyses,opinions,and conclusions were developed,and this report has been prepared,in conformity with the Uniform Standards of Professional Appraisal Practice. B. Unless otherwise noted,the appraiser has made a personal inspection of the property that is the subject of this report. 9.Unless noted below,no one provided significant real property appraisal assistance to the appraiser signing this certification. Significant real property appraisal assistance provided by Additional Certifications, Definition of Value: ©Market Value Other Value. Source 01 Definition REAL ESTATE APPRAISAL TERMINOLOGY THE MOST PROBABLE PRICE WHICH A PROPERTY SHOULD BRING IN A COMPETITIVE AND OPEN MARKET UNDER ALL CONDITIONS REQUISITE TO A FAIR SALE,THE BUYER AND SELLER,EACH ACTING PRUDENTLY,KNOWLEDGEABLY AND ASSUMING THE PRICE IS NOT AFFECTED BY UNDUE STIMULUS." ADDRESS OF THE PROPERTY APPRAISED: 1629 BRIDGE STREET NEW CUMBERLAND,PA 17070 EFFECTIVE DATE OF THE APPRAISAL: DECEMBER 20,2011 APPRAISED VALUE OF THE SUBJECT PROPERTY$135,000 I,: Client GENEV4 C MAGONEL _ HIS NC.. \_i 10390 Property Address 1829 BRIDGE STREET Case No City. NEW CUMBERLAND State: PA. Zlp. 17070 � 1 FRONT VIEW OF ?- SUBJECT PROPERTY Appraised Date:DECEMBER 20,2011 Appraised Value:$135,000 • REAR VIEW OF SUBJECT PROPERTY �,+•, • STREET SCENE fF� k xm Jlv'li' __ Clierri GENEVA.C MAGONEL _ t=11t'IVC,.. P‘ 1090 Property Address:1829 BRIDGE STREET Case No City'. NEW CUMBERLAND State PA Zip, 17070 r , f ? r " ' COMPARABLE SALE#1 245 WESTOVER DRIVE • NEW CUMBERLAND• }`y Sale Date: 10/21/2011 Sale Price:$186,000 • COMPARABLE SALE#2 iaLLitt 511 CAROL STREET w dlLR } NEW CUMBERLAND Sale Date: 02/11/2011 e F Sale Price.$ 168,500 "'. ,_ Z }'{ COMPARABLE SALE#3 1703 ELM STREET FLOORP._AN Client GENEVA C MAGONEL t-lle No.. PVrioseo Property Address.1829 BRIDGE STREET Case No.. City NEW CUMBERLAND State, PA `Zip. 17070 I 12.0' ° Patio it m t I V t 33.0' 6.0' 39.0' . P.R. ,cf.; 5.0' Bedroom Bath Dining Room Kitchen b. N Bedroom w Garage Living Room Foyer Bedroom I8.0' 11.0' 19.0' `O to 20.0• ZOO I Sketch by Apex IV Windowste AREA CALCULATIONS SUMMARY LIVING AREA BREAKDOWN Code Description Size Totals Breakdown Subtotals V GLA1 First Floor 729.00 729.00 First Floor GLA2 Second Floor 957.00 957.00 23.0 x 28.0 644.00 : BSMT Basement 704.00 704.00 3.0 x 20.0 60.00 P/P PATIO 96.00 96.00 5.0 x 5.0 25.00 GAR Garage 228.00 228.00 Second Floor 23.0 x 39.0 897.00 3.0 x 20.0 60.00 PLAT MAP File No PVT10390 Client GENEVA C MAGONEL Property Address.1829 BRIDGE STREET Case No. CC NEW CUMBERLAND State PA Zip 17070 I i 1 P' aP 1 ■ x l o I I i 1 II• I q� ..LLL A LOCATION MAP Client, GENEVA C MAGONEL File No PVT10390 Property Address,1829 BRIDGE STREET Case No._ City NEW CUMBERLAND State. PA Zip'. 17070 e" :d "JV x.. k-,.7.J.... I - 1 t -:^mar I ,. ,;� Comparable Sale 1 245 Westover Dr New Cumberland, PA 17070 (0.08 miles NE) ., 1 ■ 9 , Comparable Sale 2 511 Carol St ,��j�' �� flew Cumberland, PA 17070 \ (0.19 miles WSW) K...%,�, Subject 1 , 1329 Fridge St ,� New Cumberland, PA 17070 q, " ' ; �$ , Comparable Sale 3 j 1703 Elm St '1. 1 New Cumberland, PA 17070 ? 'C (0.21 miles S) Client GENEVA C MAGONEL File No PVT10390 Property Address 1829 BRIDGE STREET Case No City. NEW CUMBERLAND State: PA Zip. 17070 .._ C mmonweslt, � ;f 0 r £JIu ul a - s ` E 1-1::::!"." ,B Bureau ',..4.... to. AS t„ai.Aatr Iii-a..��of�1 \ � , PO no 1 :"1-1arr urgi"l ,k,..4 ii,' n G€ nsie Type a,, , e � t s�r S ., , Acts n . N a ped.App G ,f A1 co mote 4}7 ' '"�`�3 I t rRaAD Afamber' i I 1 b17071 x ti- ' fr . �.i 1 $ry+ _ rZ' ,:. i..� O W WPatty, tkuta,I' ,.'' i I I 1 I Client GENEVA C MAGONEL He No RVT10390 Property Address:1829 BRIDGE STREET - Case No.: City: NEW CUMBERLAND State Pk Zip 17070 -------------- - - -- kuricATIoNs OF ItEICNOLD R.WOOF.31(. PROFESSIONAL EXPERIENCE Wixif Arypraiwl Group.Wornileystrurg.PA 1992 Prcscrti.( ssruir appraiser tor 11E1 clussets o r properties. 1-1urris Savings Hank,Harrisburg,l'A 199H- 1992, Stalk appraiser for istidential properties.includiutt construct ioil K.Jesse Reiterthach Assueimes.Ltd., Lemoyne,l'A 39141 - I 9V9 Vice President. Appraiser lot an Musses of properties thruudirout the Flamm k inited Niatcs, Porter&Peak Company,Columbus,Ohio 3979 - 19E1.Staff appraiser for all ciu.sses of residential properties. CERTIFICATIONS.LICENSES.AND I)ESIGNATIONS PA Ccrtific.sti( ciciat Real Estate Appraiser GAIMilitik121 11 -Maim-nit Association of independent Fee Appraisers.Senior IMernber 24551 LI/14.A T It/NAL DAC:Is:GI-201AD Obit,Stutt:()novo-sit).alleind,ors o Suierice or Business Majoring in lk.e.al Enure and Urban Artalysis Appraisal Ins-mule 11 411111.W.h.. 101. I"AI.=I O.3 I II.4 i it 421).sit) Selh,lsarrrative Report likriting Seminar.Litigation aluation and...arrow one d serinnars. TEACHING iiteriShurg Area(013irnallit% RI f.statt:lust:Mac cd- Penmrylvortia.institute of Real Estate studv .tine I larrisirurg Reunion.Institute EXPERT WITNESS Foacrill Court.(Iumbr...rtaitirl.Dauphin. orb..owl Pen.). Counties WOOF APPRAISAL GROUP File No.PVT10390 ********* INVOICE********* File Number:PVr10390 DALE M MALEHORN 102-A KINGS HIGHWAY MARYSVILLE,PA 17053 Ii Invoice#: PVT10390 Order Date: 12/19/2011 1829 BRIDGE STREET NEW CUMBERLAND,PA 17070 APPRAISAL $ 350.00 Invoice Total $ 350.00 Deposit ($ 350.00 ) Amount Due $ o.00 Terms: PAID IN FULL li Please Make Check Payable To N/A Date c5 2012 Essat, ay, ,ascare 'nes, Redone_ '3 t -012 _ v Wades__ es F _ : U _C. 00 U, lu _t of :agc1e_, Wen e, 7'doe__ Haas Shares SECUrit, Mea, ans'o- and Se8,'.::'T` or Par Description Hign/F,s,. rou'Eid Adjustments Assruasr. Vacua 1) 53590.852 IVY FDS INC (466000106) CORE EQTS CL A Mutual Fund (as quoted by NASDAQ) 03/23/2012 10.81000 Mkt 10.810000 579,402.59 2) 20651.549 IVY FDS INC (466000395) ENERGY FD CL F. Mutual Fund (as quoted by NASDAQ) 03/23/2012 12.90000 Mkt 12.900000 266,404.98 31 13674.101 IVY FDS INC (466000577; MID CAP GO A Mutual Fund as quoted by NASDAQ) 03/23/2012 18.61000 Mkt 15.610000 254,475.02 4) 5108.464 IVY FDS INC (466000716) SCIENCE&TECH A Mutual Fund (as quoted by NASDAQ) 03/23/2012 33.35000 Mkt 33.350000 370,367.27 5) 10599.527 IVY FDS INC (466000502) SM CAP GRW A Mutual Fund (as quoted by NASDAQ) 03/23/2012 14.54000 Met 14.540000 154,117.12 6) 14453.814 IVY FD (465699680) IVY MCAP GRWA Mutual Fund (as quoted by NASDAQ) 03/23/2012 19.12000 Mkt 19.120000 276,356.92 7) 17984.139 IVY FD (465897429) GLOBAL NATO A Mutual Fund (as quoted by NASDAQ) 03/23/2012 18.00000 Mkt 18.000000 323,714.50 8) 23490.978 IVY FD (465897866) PAC OPP A. Mutual Fund (as quoted by NASDAQ) 03/23/2012 14.08000 Mkt 14.080000 330,702.97 9) 20202.337 IVY PDS INC (466001732) ASST STRN/OP A Mutual Fund values reported to NASDAQ 03/23/2012 16.84008, Mkt IC.840000 218,993.33 101 28584.833 WADDEL 6 REED ADVISP INCM PD£ 1930057400 MON BD FD CL A Mutual Fund Las quoted by NASDAQ, 03/23/2012 7.54000 Mkt 7.54000( 215,529.64 11) 72101.298 IVY FDS INC (466001849) MON HYLD INC P. Mutual Fund (as quoted by NASDAQ) 03/23/2012 `..23000 Mk'_ 5.230000 ',089.79 12) '131.721.255 WADDEL b REED ADVISR INCM FDS (930057419) MUN HI INCM A Mutual Fund as quoted by NASDAQ, 03/23/2012 4.89000 Mkt 4.890000 644,118.94 Page 7 This report was produced with EstateVal, a product of Estate Valuations 0 Pricing Systems, Svc. If you have questions, please contact EVP Systems at (818) 313-6300 or www.evpsys.com. (Revision 7.1.0) 1T.b Ya_ustio, ,ace: c ._ „_-, ..rte Sstat, Nad0 - nce, Snares Security c=:o C : anc 'r. Securit p or Par Description P.105/!=.5 Los bic Acjosi.ments 13) 1000.10 IVY FDS INC !9660004861 N!A MONEY M07 FD A. Mutual Fund as quotes by NASDAQ) No prisms information Total Value: 1 - Total Accrual: Total: 02,811,322.0; SC.0C r{' 3JIa 330. �� Page 2 Tnis report was produced with EstateVal, a product of Estate Valuations i Pricing Systems, Inc. .i you nave questions, please contact EVF Systems at (610) 313-6300 or www.evpsys.com. (Revision 7.1.0) PNC LEADING THE WAY April 27,2012 Elyse E Rogers Esq. Saidis Sullivan&Rogers 635 N 12'k' St Ste 400 Lemoyne,PA 17043 RE: Geneva C Magonel SSN: 179-12-5350 DOD: 03-25-2012 Dear Ms.Rogers: In response to your request for Date of Death(DOD)balances for the customer noted above,our records show the following: Checking Account Account#5140110431 Established: 02-01-1970 GENEVA C MAGONEL DOD balance: $22,032.82+0.06 accrued interest Interest paid 01-01-2012 thru 03-25-2012$0.17 YTD Savings Account Account#5004080901 Established: 11-04-2002 GENEVA C MAGONEL DOD balance: $35,849.49+3.97 accrued interest Interest paid 01-01-2012 thru 03-25-2012$9.89 YTD Investment Account The decedent maintained Investment Account#4951382 , For further information,you may call the Brokerage Department at 1-800-762-6111. Please note that this office provides date of death balances for deposit accounts(IRAs,CDs,Checking and Savings). We do not process any financial transactions or provide statements. If you need assistance with any of these items,please call 1-888-PNC-BANK(1-888-762-2265)or stop by your local PNC Bank branch office. Sincerely, National Financial Services Center PNC Bank,N.A. Member FDIC Persa real Account Summary , _ ...., Quarter-to-Date Gen eve C Magonei(TOO; Statement Report L/C!fvialgare:IVIalehorr. January 10_Kulp Hwy:A AccountAlinther. �' 2012 - Page Miarysville PA 17055-9401 35803024 March 3 1, 2012 6 o 8 TOD Quarter-to-Date Account Activity 01/01/2012 - 03/31/2012 (continued) Dan-of Duller Shore Nuneher.of pare( • A utim.r 7vp'. AC'livi/1' AlUOCal Prier Slum. Share,field • • ivy Municipal High income A(665) r'etiue on 12/91;2011 $373,41211 Beginning Balance 01/01/2012 73,506.320 Shard 72,350.082 Dividend Reins 01/27/2012 $1,315.18 5321 252434 73,754.754 r r'ria:. $5,27 Shares Redeemed 02/02/2012 110,000.001 23 11,912.0461 r,.2 e84E.Z(lt;,,_, <I"aiue-on 03/31/2012 5376395.93 Dividend Reins' ________, /27/2012,._ 1,33$0: y____, 24 254.590 72,101.298 Dividen emus' 03727%012 1,303.63 5.24 248.78872'350'08 Wit Advisors Municipal High income A(762) Valor on 12/.41,2011 5635,636.65 Beginning Balance 01/01/2012 133,537.112 • Shares 132,209.774 FINS Payment-ACH 01/05/2012 14,600.001 $4.77 1964.361) 132,572.751 Pm(' $4,89 Dividend Reins' 01/27/2012 2,457.65 4,87 504,651 133,077.402 =Ivies on 03/31,2012 3548405.79 FWS Payment-ACH 02/03/2012 14,600.00) 4.88 1942.623) 132,134.779 Dividend Reins, 02/27/2012 2,583.14 4.90 527.171 132 661.0 FWS Payment-ACH 03/05/2012 14,600.00 4.89 _ 1940.6951 .131,721.255 Dividend Seine 03/27/2012 2,388.86 ' -. 4.89' .. 488.519 05.774 4 ivy Money Market A(670) ere on e_111 $1,004.14 Beginning Balance 01/01/2012 1,006.140 Shares 1,000.210 Dividend Reim, 01/27/2012 50.02 $1.00 0.020 1 00 --, s Prier $1.00 Dividend Reins, 02/27/2012 0.02 1.00 0.020 1,000 180 J =FCC's,on 0573)/2012 S1.005.21 Dividend Reins 03/27/2012 0.03 1.00 0.030 1,000.210 Cost Basis information A vcrs0'e Coss Number of Tote! Accoundug Method 7 ya.of Share, per Share Share., Cost Bash Ivy Core Equity A(601) ACST-AVERAGE COST ! Noncovered $10.36 52,590.852 $555,506.04 Covered 50.00 0.000 50.00 Ivy Energy A(694) ACST-AVERAGE COST i Noncovered 013.85 20,651.545 $285,022.96 Covered $0.80 0.000 50.00 ivy Mid Cap Growth A(668) ACST-AVERAGE COST I Noncovered $13.44 13,674.101 $182,710.37 Covered $0.00 0.000 $0.00 Ivy Science and Technology A(608) ACST-AVERAGE COST I Noncovered $21-10 5,100.468 $100,260.35 Covered $0.00 0.000 50.00 WAS''ASCC('.Ui7e5(lnOUE.5M41e.5841E.CIASWAN4 I We, MAI... .0(vis eeoc' PNC -INVESTMENTS May 8,2012 Michael Dubatto michael dubatto(a�pnc.com RE:004-951382/Geneva Magonel(Individual) Dear Michael: The value of the above-referenced account on March 25,2012 is as follows. Symbol! DODO Acccrued `Amoun4".:_� t Description G,usip sPrrce iDOD 4alue_ Nlnte�est, 1.810iPNC Bank Deposit IQPNCQ $1.00 $ 1.81 $ 1.81 $ Grand Total(Market Value+Accrued Interest)' $ 1.81 * Please note the carrier must provide the date-of-death value of the annuity. PNC Investments serves only as the broker/dealer. If you have any questions,please contact our Estate Resolution Desk at 800-622-7056. Sincerely, PNC Investments,LLC. Estate Resolution Desk rs The summaries,prices,quotes and/or statistics contained herein have been obtained from sources believed to be reliable but are not necessarily complete and cannot be guaranteed.They are provided for informational purposes only.Past performance does not guarantee future results. PNC Investments LLC Member of The PNC Financial Services Group 1900 East Ninth Siren! b-YE1• 1L- Cleveiana Ohm 441 IL L-34(14 vvwvr.pric.corn Important Investments Inlormation.Brokerage and insurance products are Not FDIC Insured•Not Bank.Guaranteed'May Lose Value 1 ton Bank LISTENING IS JUST THE BEGINNING" — April 27,2012 Law Offices of Saidis,Sullivan&Rogers A Professional Corporation 635 North l2`I'Street, Suite 400 Lemoyne,PA 17043 Dear Ms.Rogers, RE: Geneva C. Magonel,deceased March 25,2012 In response to your recent inquiry concerning the accounts maintained in the name of the decedent,please be advised that the following account was open at the date of death: DATE OF DEATH ACC CD# BALANCE INT RATE OPEN ROLL OVER MATURITY 052-0276133 $50,000.00 $159.15 4.64% 9/30/08 11/30/12 *Titled in her name alone If you have any other questions,please feel free to contact me at(717)327-2497. Sincerely, Joshua A. Groff Credit Confirmation Processor l F€ 'L. ti L This in omacor�r FumiSife a_e rata:of business ooutesy in answer io i5edui i°;qu ry,arc a for your contitienti€al use only. The bank ii.I?nis.iMc,i ins inlormattbri does not rupreaent or gurra;nt e the amuracy,cornDrieteriess or ruliaNlity of the inionnatio6 Ghee, led. trc.re !Mishit}is assumed by the bank or any;a iTto o0 :a,en toyeas o vices. Any opinion he;eis i expressed is subject to change without notice 1.800.FULTON.4 • fultonbank.com Fulton bank,N.G.Member=or_ Member of-he Fulton Financial Femiiy --' / Date: 05/15/2012 This Month Gross payment amount 561.00 Net payment amount 561. 00 0390473 c,.,.::,EN_ Ea,;2< 0390473 i :H ARK Direct Pay Central Region Premium Refund DATE AMOUNT 105/15/2012 561. 00 *FIVE HUNDRED SIXTY-ONE AND 00/100 DOLLARS* P`'v THE ESTATE OF GENEVA C NAGONEL TG THE ORDE R OF 102A KINGS HIGHWAY nA.n. , Url� MARYSVILLE PA 17053 �owicoswwnmE i i'D 3 90 4 7 30 1:0 3 5D 7 5 2051, 5 25610 _ y ion,-orno• NV IIUE' l JIJL�_.L_ Fos" 60 29 �� REED 5nownee Mission KS o6210-9217 www.woddell.corr', Services Company May 15,2012 The Estate Of Geneva Magonel 102A Kings Highway Marysville, PA 17053 Agreement 4 6NGZKTAO Dear The Estate Of Geneva Magonel, In accordance with your request, the Financial Planning Services Agreement has been canceled. Enclosed is a refund check for the full amount you paid. If you have any questions,please contact us at 1-800-366-2520,option 2,then option 4. Sincerely, Payment Processing Department Waddell&Reed Services Company zUl L For office use only: C" Check Number: 230920 701 Check Amount: $10,000.00 Check Date: 5/14112 tied" ' ',4"w j 111;141,, h Please Detach before Depositing { Control No 71E 09 9 CHECK NO. 230920 NL,== ,i,2BT29� ?1)1 NUMB ER AMOUNT DISCOUNT NET AMOUNT J 10,000.00 0.00 I 10,000:00 7c� •!661 Pla *.� 10,000.00 a I 7 r� 1 f Waddell.& Reed Companies Disbursement Account __....- 6300 Lamar PLO. Box 29217 Shawnee Mission, KS 66201-9217.. E,GENEVA CMAGONELESTATL i MARGARET RMALEHORN EXC. eunvwvuiHIGH,1703[3/ + P�ur.e♦w.•1..on� 1i6.�d'6i .J-7 1:55 ID.10OD1: 2 263 15 7 30+• 21245623 n 6msr.cw.pmr 'sm_w..e.Nlao ra rrrn.,.mua- m unis xnp w A I.I If wlu /.// .v .. 17033 'I :' /Z .0021245823..:122101706.: ■890031,33• • Estate of Geneva C. Magonel Date of Death: March 25, 2012 SSN: 12-18-1916 Background: Vance J.Magonel died April 18, 2001. One of the beneficiaries reported on the inheritance tax return for the Estate of Vance J. Magonel was a trust, Magonel Bypass Trust. An election under Section 9113 A of the Pennsylvania Inheritance Tax Act was made for a fraction of Magonel Bypass Trust. As of Vance J.Magonel's date of death, the gross value of Magonel Bypass Trust was $722,173.93. The executrix of the Estate of Vance J.Magonel elected to pay inheritance tax on the portion of Magonel Bypass Trust which resulted in a Pennsylvania inheritance tax of$18,554.35. The Section 9113 A election was made for 51.32434%of the total value of Magonel Bypass Trust, or$123,695.66. This fractional share of Magonel Bypass Trust is not subject to Pennsylvania Inheritance Tax in the Estate of Geneva C.Magonel. The balance, being specifically 48.67566%is subject to inheritance tax in the Estate of Geneva C. Magonel. The calculation as to the amount subject to tax in the Estate of Geneva C.Magonel follows on the next page. Securities (per attached spreadsheet) $ 755,877.79 Cash $ 15,320.66 Subtotal-Assets $ 771,198.45 Less: Trust Termination Expenses (Legal/Accounting) $ (2,500.00) Total Deductions $ (2,500.00) Net Value of Magonel Bypass Trust $ 768,698.45 Taxable Portion—48.67566% $ 374,169.04 ESTATE TAX SECURITIES vALUATION PAGE NO _ ACCOUNT: 3197020-001-27-27 Name of Estate: VANCE J. 400090L-GENEVA DATE OF DEATH- Sunday, 16r02.25 2012 ITEM.CU52P 340. SHARES/ DESCRIPTION PRICE HIGH/ASE. LOW/HID MEAN SECURITY ACCRUED COMMENTS PAR VALUE DATE PRICE PRICE PRICE VALUE D1V/INS 1) 043140204 931.9580 ARTISAN PTRNS EDS INC 03/23 22.7300 22.730 00 22.183.41 MUT FUND INTL FD INV 2) 043190709 955.8160 ARTISAN PTRNS FDS INC 03/23 21.4800 21.48000 20,530.93 MUT FUND 11173CP VALU INV 3) 068278100 241.8270 BARON INVT FOS TR 03/23 52.0300 52.03000 12,582.26 MITT FUND ON HEN/NT 4) 0925111602 1,625.9810 BIACKROCK CAP APPREC FD INC 03/23 24.9100 24.91000 40,503.19 MUT FUND 8LAC0R000 Cl, 5) 128119302 147.3330 CALAMOS 316V TR NEW 03/23 53.8100 53.131000 7,927.99 MUT FIND GROWTH FD 6) 2333714816 2,921.1300 DNS tam TR 03/23 10.2600 10.26000 29,970.79 MUT FUND SNTRM MUBDFD 5 7) 256206103 577.8400 DODGE & 1027 F735 03/23 32.6700 32.87000 16,993.60 MUT FUND INTL STK FD 8) 269958304 195.8740 EAGLE SER 03/23 43.9000 43.90000 6,598.87 MUT FOND SMCAP GROW CL I 9) 314172560 7,322.1760 FEDERATED EQUITY EDS 03/23 4.8700 4.87000 35,659.00 9405 FUND STRG VAL DV INST 10) 315807552 2,497.7590 FIDELITY ADVISOR SER II 03/23 9.7900 5.79000 23,963.56 HUT FOND FL HI INCH INS 11) 411511306 728.5970 HARBOR FD 03/23 59.8400 59.84000 43,596.25 MUT FUND INTL FD TESTI 12) 464287176 140 IS981RES TR 03/23 117.9700 117.6000 117.78500 PACIFIC EE BARCLYS TIPS ED 03/26 117.9000 117.3320 117.61600 117.70050 16,978.07 13) 464287200 298 ISBARES TR 03/23 190.9200 139.6700 140.29500 PACIFIC EX SGP 500 INDEX 03/26 142.0600 141.1100 141.58500 140.94000 42,000.12 14) 464287234 298 21800=8 TR 03/23 42.9500 42.4200 42.68500 PACIFIC EX MBCI EHERG MKT 03/26 43.6700 45.1000 43.38500 43.03500 12,824.43 15) 464287879 105 1100005 TR 03/23 78.5100 77.0500 77.78000 PACIFIC 031 SOP S800CP VALU 03/26 79.9000 79.0900 79.48500 78.63750 0,256.94 16) 552983694 2,394.2210 MFS SER TR I 03/23 24.9400 24.94005 59,711.87 MUT FUND VALUE ED 6 I 17) 791979109 2,544.2500 PRICE T ROWE GROWTH STE ED INC 03/23 37.6000 37.60000 95,663.90 MUT 6000 COM 18) 779576209 5,519.8220 ROWE T PRICE SUMMIT NUN FO5 IN 03/23 1.1.7900 11.79000 64,802.71 MUT FUND MUN INTER FD 19) 7795734308 8,128.0230 ROWS T PRICE SUMMIT 3417N FDS IN 03/23 11.5500 11.35000 93,878.67 5302'FUND HUN INCOME FD 20) 779578103 2,711.3380 ROWE T PRICE VALUE ED INC 03/23 25.1700 25.17000 69,294.38 MUT FUND COM 21) 88020/3400 769.8230 TEMPLETON INCOME TR 03/23 13.0600 13.06000 10,053.89 MUT FUND MB ED ADVSOR 22) 922908553 325 VANGUARD INDEX EDS 03/23 63.2700 62.3500 62.81000 PACIFIC EX MIT EYE 03/26 63.3200 62.7900 63.05500 62.93250 20,453.06 ESTATE TAi: SECURITIES VALUATION PAGE NO 2 ACCOUNT. 3797028-001-27-27 Name of Estate'. VANCE J. MAG0NEL-GENEVI. DATE OE DEATH: Sunday, March 25 2012 ITEM CUSIP No. SHARES/ DESCRIPTION PRICE HIGH/ASK LOW/BID MEAN SECURITY ACCRUED COMMENTS PAR VALUE DATE PRICE PRICE PRICE VALUE DIV/INT 23) 999527641 15,279.6500 RLACKROCK LIQ ED5 TEMPEUND ADM SOS #111 15,279.65 0.36 MANUAL PRINCIPAL CASH 24) 999527641 40.6500 ELACKROCK LIQ EDS TEMPFUND ADM SHS #011 40.65 0.00 MANUAL INCOME CASH Grand Totals 771,198.09 0.36 Total Principal plus Accrued interest and dividends 771,198.45 This report was prepared using APPRAISE Vez. 7.6.0 software, an EVALUATION SERVICES, INC. product. Phone 201 784 8500. Visit our web sites at WWW.APPRASSENJ.COM and NMN.CAPITALCHANGESONLINE.COM. Please compare the data on this document carefully with your source document to verify its accuracy. • •S A ^`FCTA4, TT •IF VANCE J. MAGONEL I, VANCE J. MAGONEL, of Cnnherland County, Pennsylvania, do hereby make this my Last Will and Testament, revoking any and all former Wills and Codicils made by me. FIRST: I am married to Geneva C. Magonel, and all references to my wife in this Will are to her. SECOND: I give my tangible personal property and all casualty insurance that I am carrying on said tangible personal property to my wife, Geneva C. Magonel, or, if she does not survive me, I give said property as I may have provided in a memorandum kept with the original of this Will, or to the extent not so provided or to the extent the memorandum is determined invalid, to my wife's niece, Margaret R. Malehorn. Any such property not so distributed shall be sold, and the proceeds added to my residuary estate to pass as hereafter described. THIRD: I give, devise, and bequeath the following: (1) Twenty-five Thousand Dollars ($25,000) to the general fund of Community United Methodist Church of New Cumberland, Pennsylvania, to be used for the purposes of said general fund. (2) Five Thousand Dollars ($5,000) to Trinity United re7r�..2- : ri -1- Methodist Church of New Cumberland, Pennsylvania, unrestricted as to use, in memory of my parents, Jacob and Rena Magonel. (3) Five Thousand Dollars ($5,000) to Jesse H. Stone, Jr. (4) One Thousand Dollars ($1,000) to Shriners Hospitals for Children. (5) One Thousand Dollars ($1,000) to Zembo Temple Mosque Endowment Fund. (6) One Thousand Dollars ($1,000) to Harrisburg Consistory Heritage Builders Fund. (7) One Thousand Dollars ($1,000) to American Bible Society. (8) One Thousand Dollars ($1,000) to Heifer Project International. (9) Five Thousand Dollars ($5,000) to New Cumberland Public Library. If any of the aforesaid persons shall predecease me or fail to survive me for a period of thirty (30) days, or if any of the aforesaid organizations shall cease to exist, then such person's or organization's share as set forth above shall be null and void. FOURTH: If my wife, Geneva C. Magonel, shall survive me, I bequeath to my Trustees, hereinafter named, IN TRUST NEVERTHE- VGI�Vll.1C, -2- J-. YYI� LESS, cash, securities or other property in the amount specified below, to be known as the "Bypass Trust." (1) The bequest shall be $650,000, subject however, to Paragraphs (2) and (3) below. (2) The bequest shall be increased to include an amount equal to the maximum allowable federal estate tax credit for state death taxes (but only to the extent that the use of such state death tax credit does not increase the death tax payable to any state) . (3) The bequest shall increase or decrease, based upon the availability of my federal unified credit for estate and gift taxes, due to statutory changes or lifetime gifts in excess of the federal unified estate and gift tax exemption- equivalent amounts. FIFTH: I give, devise, and bequeath the rest, residue and remainder of my estate, real and personal, to my wife. Should she not survive me, I give, devise and bequeath such rest, residue and remainder as follows: (1) One-half (1/2) to my wife's niece, Margaret R. Malehorn; (2) One-sixteenth (1/16) to the Winebrenner Theologi- cal Seminary, 701 East Melrose Avenue, Findlay, Ohio; )� 1 CJ�//1t�1� L, r i� ✓r' -3- (J (3) One-twenty-fourth (1/24) to the Community United Methodist Church, New Cumberland, PA; (4) One-twelfth (1/12) to the Salvation Army; (5) One-twenty-fourth (1/24) to the ESCAPE Center, New Cumberland, PA; (6) One-sixteenth (1/16) to the Bethany United Methodist Church, Marysville, PA; (7) One-twenty-fourth (1/24) to the New Cumberland Public Library, New Cumberland, PA; (8) One-twenty-fourth (1/24) to the Bethesda Mission, Harrisburg, PA; (9) One-sixteenth (1/16) to the Hill United Methodist Church, R.D. , Duncannon, PA; and (10) One-sixteenth (1/16) to my hereinafter named Trustees, IN TRUST NEVERTHELESS, for the benefit of my wife's grandniece, Amanda R. Kershner, and my wife's grandnephew Stephen P. Kershner, under the following terms and conditions: Trustees shall retain possession of such shares in trust for such beneficiaries until such beneficiaries attain the age of thirty-five (35) years, using so much of the net income and principal of such share as my Trustees deem necessary to provide for the proper medical care, education, support, and maintenance in reasonable comfort of such beneficiaries, taking into • -4- �/ consideration to the extent my Trustees deem advisable any other income or resources of such beneficiaries. Any income not so paid or applied shall be accumulated and added to principal. Such beneficiaries' shares shall be paid over and distributed to such beneficiaries upon attaining the age of thirty-five (35) years, or if he or she shall sooner die, to his or her executors or administrators. My Trustees shall have with respect to each share so retained all the powers and discretions had with respect to the trusts created herein generally. In the event said Margaret R. Malehorn fails to survive me, then her share shall be given, devised and bequeathed, all unrestricted as to use, to those beneficiaries listed above pro rata with regard to their respective shares. If any of the above gifts fail, the remaining gifts shall increase proportionately. SIXTH: The Bypass Trust shall be held, administered, and distributed as follows: (1) Commencing with the date of my death, my Trustees shall pay to or apply for the benefit of my wife all of the net income from the Bypass Trust in convenient installments, but no less frequently than annually, in such shares and proportions as my Trustees in their sole discretion shall determine primarily for the medical care, support and maintenance in -5- 1 reasonable comfort of my said wife, taking into consideration to the extent my Trustees deem advisable, any other income or resources of my said wife, considering that my wife is the primary object of my bounty. (2) My Trustees may pay to or apply for the benefit of my said wife such sums from the principal of the Bypass Trust as in their sole discretion shall be necessary or advisable from time to time for the medical care, support, and maintenance in reasonable comfort of my said wife, taking into consideration to the extent my Trustees deem advisable, any other income or resources of my said wife known to my Trustees, considering that my wife is the primary object of my bounty. (3) In addition to the income and discretionary payments of principal from this Trust, there shall be paid to my said wife during her lifetime from the principal of this Trust upon her written request during the last month of each fiscal year of the Trust an amount not to exceed during such fiscal year the amount of Five Thousand Dollars ($5,000) or five percent (5%) of the aggregate value of the principal of the Bypass Trust on the last day of such fiscal year without reduction for the principal payment for such fiscal year, whichever is greater. This right of withdrawal is noncumula- tive, so that if my said wife does not withdraw, during such fiscal year, the full amount to which she is entitled under this Paragraph, her right to withdraw the amount not withdrawn shall lapse at the end of that fiscal year. (4) Upon the death of my wife, the entire remaining principal of the Bypass Trust, together with any undistributed income, shall be divided and paid over and distributed as follows: (a) One-half (1/2) to my wife's niece, Margaret R. Malehorn; (b) One-sixteenth (1/16) to the Winebrenner Theologi- cal Seminary, 701 East Melrose Avenue, Findlay, Ohio; (c) One-sixteenth (1/16) to the Community United Methodist Church, New Cumberland, PA; (d) One-sixteenth (1/16) to the Salvation Army; (e) One-sixteenth (1/16) to the ESCAPE Center, New Cumberland, PA; (f) One-sixteenth (1/16) to the Bethany United Methodist Church, Marysville, PA; (g) One-sixteenth (1/16) to the New Cumberland Public Library, New Cumberland, PA; (h) One-sixteenth (1/16) to the Bethesda Mission, Harrisburg, PA; -7- (� (i) One-sixteenth (1/16) to the Hill United Methodist Church, R.D. , Duncannon, PA; SEVENTH: If any beneficiary and I should die under such circumstances as would render it doubtful whether the benefi- ciary or I died first, then it shall be conclusively presumed for the purposes of this my Will that said beneficiary prede- ceased me; Provided, however, that if my wife shall die with me as aforesaid, I direct that my wife shall be conclusively presumed to have survived me. EIGHTH: (1) I name my wife, Geneva C. Magonel, as my Executrix. If she is unable or unwilling to serve, I name my wife's niece, Margaret R. Malehorn, as my Executrix. If she is unable or unwilling to serve, I name PNC Bank, N.A. , as my Executor. I direct that my Executrix or my Executor herein referred to as my Executor regardless of number or gender, serve without bond in any jurisdiction in which called upon to act. (2) I name my wife's niece, Margaret R. Malehorn, and PNC Bank, N.A. , as my Co-Trustees. If my wife's niece, Margaret R. Malehorn, is unable or unwilling to serve, PNC Bank, N.A. , shall serve alone. I direct that my Trustees, herein referred to as my Trustee regardless of number or gender, serve without bond in any jurisdiction in which called upon to act. -8- (3) Except as otherwise provided herein, if PNC Bank, N.A., or any successor as herein defined should fail to qualify as Trustee hereunder, or for any reason should cease to act in such capacity, the successor or substitute Trustee shall be some bank or trust company qualified to do business in the state of my domicile at the time of my death, which successor or substitute Trustee shall be designated in a written instrument filed with the court having jurisdiction over the probate of my estate and signed by the court having jurisdiction over the Trust. (4) For its services as Trustee, my corporate Trustee shall receive an amount which shall be determined by its standard fee schedule in effect and applicable at the time of the performance of such services. If no such schedule shall be in effect at that time, it shall be entitled to reasonable compensation for the services rendered. Also, my individual Trustee shall be entitled to such reasonable compensation. NINTH: (1) I give to any Executor and to any Trustee named in this Will or any Codicil hereto all of the powers now applicable by law to fiduciaries in the Commonwealth of Pennsylvania and in particular through the Pennsylvania Probate, Estates and Fiduciaries Code, as effective and as in effect on the date hereof, during the administration and until the )// -e -9- completion of the distribution of my estate, and until the termination of all trusts created in this Will or any Codicil hereto and until the completion of the distribution of the assets of such trusts. I direct that all such powers shall be construed in the broadest possible manner and shall be exer- cisable without court authorization. (2) My Executor shall have absolute discretion, but shall not be required, to make adjustments in the rights of any beneficiaries, or among the principal and income accounts to compensate for the consequences of any tax decision or election, or of any investment or administrative decision, that my Executor believes has had the effect, directly or indirectly, or preferring one beneficiary or group of beneficiaries over others. (3) In determining the federal estate and income tax liabilities of my estate, my Executor shall have discretion to select the valuation date and to determine whether any or all of the allowable administration expenses in my estate shall be used as federal estate tax deductions or as federal income tax deductions and shall have the discretion to file a joint income tax return with my wife. My Executor shall have the authority to make a QTIP election or a reverse QTIP election with respect to any trust created under this Will and shall have the -10- ���(� discretion to allocate the $1,000,000 Generation Skipping Tax exemption as it deems appropriate. (4) My Executor and Trustee are authorized and em- powered to acquire and to retain, either permanently or for such period of time as my Executor or Trustee may determine, any assets, including the capital stock of any closely held corpora- tion, whether such assets are or are not of the character approved or authorized by law for investment by fiduciaries and whether such assets do or do not represent an overconcentration in one investment. (5) My Executor and my Trustee are authorized and empowered to disclaim any interest, in whole or in part, of which I, my Executor, or my Trustee, may be the beneficiary, devisee, or legatee, by executing an appropriate instrument (in accordance with section 2518 of the Internal Revenue Code of 1986, as amended and supplemented, or such similar section as may then be in effect) . (6) My Executor and Trustee are authorized and em- powered to sell at public or private sale, or exchange, and to encumber or lease, for any period of time, any real or personal property and to give options to buy or lease any such property. Additionally, my Executor and Trustee are authorized and em- powered to compromise claims, to borrow from anyone (including -11- a fiduciary hereunder) and to pledge property as security therefor, to make loans to and to buy property from anyone (including a fiduciary or beneficiary hereunder) ; provided that any such loans shall be adequately secured and at a fair interest rate. (7) My Executor and Trustee are authorized and em- powered to allocate property, charges on property, receipts and income among and between principal or income, or partly to each, without regard to any law defining principal and income. (8) If at any time any trust created hereunder (or any share thereof if the trust shall have been divided into shares) shall be of such value that, in the opinion of my Trustee, the administration expense of holding the assets contained therein in trust is not justified, my Trustee, in its absolute discretion, may terminate such trust and distribute the trust property to the person or persons then entitled to receive or have the benefit of the income therefrom or the legal representative of such person. If there is more than one income beneficiary, my Trustee shall make such distribution to such income beneficiaries in the proportion in which they are beneficiaries or if no proportion is designated in equal shares to such beneficiaries. -12- (9) If there be any property located outside the Commonwealth of Pennsylvania in which I may have an interest at the time of my death, which cannot be conveniently administered as provided herein, then I authorize, but do not require, my Executrix or Executor to appoint a bank or trust company with trust powers, to administer such property according to the terms of this Will. TENTH: Anything in this Will to the contrary notwith- standing, no trust created herein shall continue beyond twenty- one (21) years after the deaths of one, the last to die of my issue living at the time of my death; and two, all issue, living at the time of my death, of the individual serving as President of the United States at my death and all issue, living at the time of my death, of said individual's five (5) immediate predecessors in said office; upon the expiration of such period, all trusts shall terminate and all the assets thereof shall be distributed to those beneficiaries (and in the same proportions) as are then entitled to receive the income therefrom. ELEVENTH: No person who at any time is acting as a co- trustee (if any) hereunder shall have any power or obligation to participate in or to exercise any discretionary authority that I have given to my Trustee to pay principal or income to such person, or for his or her benefit or in relief of his or -IfaAlyg \7\11/714-1,J -13- her legal obligations. Such discretionary authority shall be exercised solely by the disinterested co-trustee. TWELFTH: No interest of any beneficiary under this Will, any Codicil hereto, or any trust created herein, shall be subject to anticipation or to voluntary or involuntary alien- ation. mhIRTEE_NTH: All estate, inheritance, succession and other death taxes imposed or payable by reason of my death and interest and penalties thereon with respect to all property comprising my gross estate for death tax purposes, whether or not such property passes under this Will, shall be paid out of the residue of my estate, as if such taxes were expenses of administration, without apportionment or right of reimbursement. I authorize my Executor and Trustee to pay all such taxes at such time or times as deemed advisable. [INTENTIONALLY LEFT BLANK] • , -14- IN WITNESS WHEREOF, I have set my hand and seal on this my Last Will and Testament this 21st day of January 1999. 7/C</Y .. q_. 1,1..6u 4?'�P (SEAL) VANCE J. ! GONELI / SIGNED, SEALED, PUBLISHED, and / / / Y/)DECLARED by VANCE J. MAGONEL, as and for his Last Will and l 7( Testament, on the day and year / �/ last above written, in the presence of us, who, at his request, in his presence, and '� in the presence of each other, all being present at the same ,- \ _ time, have hereunto subscribed (--- our names as witnesses: -15- SELF-PROVING AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA . SS. COUNTY OF CUMBERLAND WE, VANCE J. MAGONEL and Wayne M. Pecht Stefanie A. Morrison , and Patricia D. Olyarnik , the Testator 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 Testator signed and executed the instrument as his Last Will and that he had signed willingly (willingly directed another to sign for him) , and that he executed it as his free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the Testator, signed the Will as witness and to the best of his or her knowledge the Testator was at that time eighteen (18) years of age or older, of sound mind, and under no constraint or undue influence. 71 . .fie VANCE .OLAGONF Testator i A///j , 4 ., / Witne- Withe / 'sc ).�) j 1,,,,,.��C� Witness ( Subscribed, sworn to, and acknowledged before me by VANCE J. MAGONEL, the Testator, and subscribed and sworn to before me by Wayne M. Pecht , Stefanie A. Morrison , and Patricia D. Olyarnik , witnesses, this 21st day of January 1999. n Notarial Seal NotFry Public V Camp Hill 8oro.m Cumberland County My Commission Expires Jan.24.2000 - -16- TRANSMv4ERICA ,:.,, , , ,,,, ca F. INStJAANCE COMPA l riapin.t,._ 49+ w- 'v-v.transam erica annaitieti.cor June 14, 2012 Estate of Geneva C Magonel c/o Saidis Sullivan & Rogers 635 North 12th Street Ste 400 Lemoyne PA 17043 RE: Annuity Number(s) 02TFB037073 Dear Estate of Geneva C Magonel: We have received your request regarding this annuity. A Form 712 is not issued on tax deferred annuities . The taxable portion of this policy will be reported on a Form 1099-R as taxable to the beneficiary upon receipt of the funds. The value as of 03/25/2012, the date of death for Geneva C Magonel is $216, 890.09. If you have questions, please contact your financial professional or call us at 1-800-553-5957 Monday through Thursday between 7:00 a.m. and 5:30 p.m. and Friday between 7:00 a.m, and 4:30 p.m. Central time. We appreciate your business. Sincerely, Administrative Services Claims seb an AEGON company Allstate.. You're in good hands. May 3,2012 Law Offices of Saids,Sullivan&Rogers Attn: Elyse E. Rogers 635 N 12th St,Ste 400 Lemoyne, PA 17043 Re: Geneva C.Magonel Contract No: GA18292243 Dear Ms.Rogers: We received a request to complete IRS Form 712 for the above referenced contract. Tne purpose of Form 712 is to provide an estate or donor with the value of a life insurance contract or its proceeds as of a certain date(usually the owner's date of death or date of transfer of the contract). Because this contract is an annuity, it is not reportable on IRS Form 712. I can, however, provide the following information for estate purposes: Date of Death: March 25,2012 Annuity Value as of Date of Death: $185,236.43" Cost Basis: $150,000.00 Named Beneficiary: Marysville Church of God Bethany United Methodist Church Community United Methodist Church Hill United Methodist Church New Cumberland Public Library The actual amount paid may differ due to Market Value Adjustments and/or any applicable Surrender Charges. If you have any questions,please contact me at 1-877-499-6418 Ext.24675. Sincerely, /r Bruce Lemmermann Senior Claim Examiner Allstate Life Insurance Company Life and Annuity Claims P.O.Box 94212,Palatine,IL 60094-4212 Phone 877-499-6418 Fax 866-635-4523 Fors-712 (Re, Ann'2005) Life insurance Statement OMB Nc 1545-0022 0eeann,ent of the"Reeser} �int+ernal Revenue Service if n Decedent—Insured ito be filed by the executor with Form 706.United States Estate land Generation Skipping Transfer;Tax Return or Form 706-NA,United States Estate(and Generation-Skipping Transfers Tax Return or Estate of nonresident not a citizen of the United States.) 1 Decedent's first name and middle ! 2 Decedent's last name 3 Decedent's social security number 4 Date of death Initial (if known) GENEVA NAGONEL 03/25/2012 5 Name and address of insurance company PRINCIPAL FINANCIAL GROUP 6 Type of policy 1 7 Policy number ANNUITY '0303321 8 Owner's name,if decedent is not owner, i 9 Date issued 10 Assignor's name.Attach copy of 11 Date assigned attach copy of application. assignment. GENEVA MAGONEL 10/15/1997 /A P/A 12 Value of the policy at the 13 Amount of premium 114 Name of beneficiaries time of assignment (see instructions) Margaret P Malehorn - Niece N/A N/A 15 Face amount of policy 115 $ 5768.74 16 Indemnity benefits s 16 $ 17 Additional insurance 17 $ 18 Other benefits 18 $ 19 Principal of any indebtedness to the company that is deductible in determining net proceeds 19 $ 20 Interest on indebtedness(line 19)accrued to date of death 20 $ 21 Amount of accumulated dividends 21 $ 22 Amount of post-mortem dividends 22 $ 24.18 23 Amount of returned premium j 23 $ 24 Amount of proceeds if payable in one sum J 24 $ 5792.92 25 Value of proceeds as of date of death(if not payable in one sum) 25 $ 26 Policy provisions concerning deferred payments or installments. : r$ „ ll F V'[r;xtik Note:If other than lump-sum settlement is authorized for a surviving spouse,attach a copy of the �`�� � ��'�`��� �� insurance policy. 9{» 4,0e tj4& 4N r;' df �1&� $�L F 27 Amount of installments ,27 $ 28 Date o`birth,sex,and name of any person the duration of whose life may measure the number of payments. 29 Amount applied by the insurance company as a single premium representing the purchase of installment benefits 29 $ 30 Basis(mortality table and rate of interest)used by insurer in valuing installment benefits. 31 Were there any transfers of the policy within the three years prior to the death of the decedent? ❑ Yes ❑ No 32 Date of assignment or transfer. ! / Month Day Year 33 Was the insured the annuitant or beneficiary of any annuity contract issued by the company? ❑ Yes ❑No 34 Did the decedent have any incidents of ownership on any policies on his/her life,but not owned by him/her at the date of death? ❑ Yes ❑No 35 Names of companies with which decedent carried other policies and amount of such policies if this information is disclosed by your records. The undersigned officer of the above-named insurance company(or appropriate Federal agency or retirement system office af)neieby certifies that this statement sets forth true and correct information. Signature ■ �"/?/r'f. ' - r,r)ti Title r&(H,r e•Aj l fAO hfiuv e ilk Date of Certification For Paperwork Reduction Act N e,see page 3 Cat No.10170V Form 712 (Rev 4-20061 DD 1535-4 Page 1 of 3 \,\ ._ June 20,2012 SADIS SULLIVAN&ROGERS 635 N 12T1-1 STREET STF 400 LEMOYNE PA 17043 Re: Annuity Contract VP215535 Deceased GENEVA MAGONEL Dear Ms Rogers: Thank you for your recent inquiry regarding the above referenced annuity contract. We would like to take this opportunity to respond to your request. The accumulated value of this contract as of 03/25/2012,the date of death,is$73,913.34. Ms Rogers,we appreciate the opportunity to assist you. Should you have any questions,please contact our Client Care Center at 1-800-424-4990. Sincerely, Linda Perez Annuity Claims Department