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HomeMy WebLinkAbout02-0386Register of Wills of Cumberland PETITION FOR GRANT Estate of Charles W. Krout also known as Charles W. Krout, Sr. Charles W. County, Pennsylvania OF LETTERS No. 21'OZ'3 , Deceased Social Security No. 193 - 12- 8282 Krout, Jr. and Barbara H. MacGee Petitioner(s), who is/are 18 years of age or older, apply(ies) for: (COMPLETE 'A' or 'B' BELOW:) A. Probate and Grant of Letters Testamentary and aver that Petitioner(s) is/are the execut ors named in the last Will of the Decedent, dated 07/15/'1992 and codicil(s) dated None Lenamae M. Krout, named Executrix, died 03/16/1997. Charles W. Krout, Jr. and Barbara M. MacGee, Petitioners hereunder, are named as successor Co-Executors. State relevant circumstances, e.g., renunciation, death of executor, etc. Except as follows, Decedent did not marry, was not divorced, and did not have a child born or adopted after execution of the documents offered for probate; was not the victim of a killing and was never adjudicated incompetent: B. Grant of Letters of Administration (c.t.a.; d.b.n.c.ta; pendente lite; durante absentia; durante minoritate) Petitioner(s) after a proper search has/have ascertained that Decedent left no Will and was survived by the following spouse (if any) and heirs: Name Relationship Residence (COMPLETE IN ALL CASES:) Attach additional sheets if necessary. Decedent was domiciled at death in Cumberland County, Pennsylvania with his/her last family or principal residence at 68 Masaw Avenue, South Middleton Township, Carlisle, PA (list street, number, and municipality) Decedent, then 85 years of age, died 03/16/2002 at Carlisle, PA Decedent at death owned property with estimated values as follows: (If domiciled in PA) All personal property (If not domiciled in PA) Personal property in Pennsylvania (If not domiciled in PA) Personal property in County Value of real estate in Pennsylvania 17013 (Location) 150,000.00 situated as follows: Wherefore, Petitioner(s/respectfully request(s) the probate of the last Will and Codicil(s) presented with this Petition and the grant of letters in the appropriate form to the undersi~lned: I n Signature Typed or printed name and residence I P.O. Box 321, Summerdale, PA 17093 ~ ~-~/)_ r F__ ;/~ Barbara M. MacGee 352 Equus Drive, Camp Mill, PA 17011 repared by the Pennsylvania Bar Association Copyright (c) 1996 form software only CPSystems, Inc. Form RW-1 099~) Oath of Personal Representative Commonwealth of Pennsylvania County of Cumberland The Petitioner(s) above-named swear(s) or affirm(s) that the statements in the foregoing Petition are true and correct to the best of the knowledge and belief of Petitioner(s) and that, as personal representative(s) of the Decedent, Petitioner(s) will well and truly administer the estate according to law. Sworn to or affirmed and .~ubScribed before me this '12thday of APRIL 2002 Fo~the Regi/~r Charles W. Krout, Jr. T Barbara H. MacGee No. - CDR..- Estate of Charles W. Krout Social Security No: 193-12- 8282 AND NOW, APRIL 15, 2002 Date of Death: 03/16/2002 Deceased , in consideration of the Petition on the reverse side hereon, satisfactory proof having been presented before me, IT IS DECREED that Letters ~'] Testamentary ~ Of Administration (c.ta.; d.b.n.c.t.a.; pendente lite; durante absentia; durante minoritate) are hereby granted to Charles W. Krout, Jr. and Barbara H. MacGee in the above estate and that the instrument(s) dated 07/15/1992 described in the Petition be admitted to probate and filed of record as the last Will of Decedent. FEES Letters ........... $ 235.00 Short Certificate(s) ..... $ ~ 2.00 Renunciation ........ $ Affidavits ( ) .... $ Extra Pages( ) .... $ 6.00 Codicil ........... $ JCPFee .......... $ 5.00 Inventory .......... $ Other ........... $ TOTAL ......... $ Prepared by the Pennsylvania Bar Association M~RY C ~lS Regis/t~ o[Wills Attorney: James D. Bo~ar: Esquire I.D. No: PA 19475 Address: One West Main Street Shiremanstown, PA 17011 Telephone: 717/737-8761 FILED 4-15-2002 MAILED TO A%'I'Y ON 4-15-02 258.00 Copyright (c) 1996 form software only CPSystems, Inc. Form RW-1 (1991) REGISTER OF WILLS OF CUMBERLAND COUNTY OATH OF SUBSCRmING WITNESS James D. Bogar (e~th~ a subscribing witness to the will presented herewith, (K4~) being duly qualified according to law, depose(s) and say(s) that h e. wa s present and saw Charles W. Krout the testat or , sign the same and that he signed as a witness at the request of testat or in h i _~ presence and (in the presence of each other) (in the presence of the other subscribing wimess(es)). Sworn to or affirmed and subscribed before mc this 12~. day of _ AD.r il ~ ~ ,7 20 02 MARY C ~ Register One W. Main St., Shiremanstown, (Address) (:Yarned (Address) PA 17011 REGISTER OF WILLS OF CUMBERLAND COUNTY OATH OF NON-SUBSCRIBING WITNESS .9..I- om -3'gin Charles W. Krout, Jr. and Barbara H. MacGee (each) a subscriber hereto, (each) being duly qualified according to law, depose(s) and say(s) that they testat o r that Charles are familiar with the signature of Char] a.~ W. Kmart- of (:o~m::a:4x~xmt=c~i~x~kaea~x:~m) the will presented herewith and they he,eves the signature on the will is in the h~dwfiting of W. Krout their to the best of Sworn to or affirmed and sabscribed before me this 12th day of April . z9 20 02 MA~Y/C LE~S -! ~eg~mr knowledge and belief. Charles W. Krg~e)Jr/~ 507 First St., P.O.Box 321, Summerdale, PA 17093 Barbara H. Ma~e) 352 Equus Dr., Camp Hill, PA 17011 64ddress) 21-02-386 O~ CHARLRB W. KROUT I, CHARLES W. KROUT, of the Borough of Camp Hill, Cumberland County, Pennsylvania, make, publish and declare this as and for my Last Will and Testament, hereby revoking all other Wills and Codicils heretofore made by me. FIRST: I devise and bequeath all the rest, residue and remainder of my estate of whatever nature and wherever situate, including any property over which I hold power of appointment and together with any insurance policies thereon, unto my wife, LENAMAE H. KROUT, provided she survives me by sixty (60) days. SECOND: Should my wife, LENAMAE H. KROUT, predecease me or die on or before the sixty-first (61st) day following my death, I devise and bequeath all the rest, residue and remainder of my estate of whatever nature and wherever situate, including any property over which I hold power of appointment and together with any insurance policies thereon, in equal shares, to my children, CHARLES W. KROUT, JR., and BARBARA H. MacGEE, provided that should any of my children predecease me, I give and bequeath such child's share unto his or her issue per stirpes by representation, and if there be a failure of same, then I give and bequeath such deceased child's share to my surviving child as provided herein. THIRD: In addition to all powers granted to them by law and by other provisions of this Will, I give the fiduciaries acting hereunder the following powers, applicable to all property, exercisable without court approval and effective until actual distribution of all property: (A) To sell at public or private sale, or to lease, for any period of time, any real or personal property and to give options for sales, exchanges or leases, for such prices and upon such terms (including credit, with or without security) or conditions as are deemed proper. This includes the power to give legally sufficient instruments for transfer of the property and to receive the proceeds of any disposition of it. (B) To partition, subdivide, or improve real estate and to enter into agreements concerning the partition, subdivision, improvement, zoning or management of real estate and to impose or extinguish restrictions on real estate. (C) To compromise any claim or controversy and to abandon any property which is of little or no value. (D) To invest in all forms of property, including stocks, common trust funds and mortgage investment funds, without restriction to investments authorized for Pennsylvania fiduci- aries, as are deemed proper, without regard to any principle of diversification, risk or productivity. (E) To exercise any option, right or privilege granted in insurance policies or in other investments. (F) To exercise any election or privilege given by the Federal and other tax laws, including, but not necessarily being limited to, personal income, gift and estate or inheritance tax laws. (G) To make distributions to my herein named benefici- aries in cash or in kind or partly in each. (H) To borrow money from themselves or others in order to pay debts, taxes, or estate or trust administration expenses, to protect or improve any property held under my will, and for investment purposes. (I) To select a mode of payment under any qualified retirement plan (pension plan, profit sharing plan, employee stock ownership plan, or any other type of qualified plan) to the extent the plan or the law permits them to do so, and to exercise any other rights which they may have under the plan, in whatever manner they consider advisable. FOURTH: I direct that all inheritance, estate, transfer, succession and death taxes, of any kind whatsoever, which may be payable by reason of my death, whether or not with 2 respect to property passing under this Will, shall be paid out of the principal of my residuary estate. FIFTH: I nominate and appoint my wife, LENAMAE H. KROUT, Executrix of this, my Last Will and Testament. In the event of the death, resignation or inability to serve for any reason whatsoever of the said LENAMAE H. KROUT, I nominate and appoint CHARLES W. KROUT, JR. and BARBARA H. MacGEE, Co-Executors of this, my Last Will and Testament. I direct that my Executrix or Executor, as the case may be, and their successors, shall not be required to post security or a bond for the performance of their duties in any jurisdiction. IN WITNESS WHEREOF, I have hereunto set my hand and seal to this, my Last Will and Testament, this /S'~day of ~ ~ ~ ~ , 1992. CHARLES W. KROUT Signed, sealed, published and declared by the above- named Testator as and for his Last Will and Testament in our presence, who, at his request, in his presence and in the presence of each other, have hereunto subscribed our names as attesting witnesses. Address Address CERTIFICATION OF NOTICE UNDER RULE 5.6 (a) Name of Decedent: Charles W. Krout Date of Death: March 16, 2002 Will No. 21-02-0386 Admin. No. To the Register: I certify that notice of estate administration required by Rule 5.6(a) of the Orphans' Court Rules was served on or mailed to the following beneficiaries of the above-captioned estate on March 28, 2002: Name Address Charles W. Krout, Jr. Barbara H. MacGee 507 First Street P. O. Box 321 Summerdale, PA 17093 352 Equus Drive Camp Hill, PA 17011 Notice has now been given to all persons entitled thereto under Rule 5.6(a) except: None Date: April 22 , 2002 Capacity: Jam~s ~[ Boga~4~quire One West Main S~et Shiremanstown, PA 17011 (717) 737-8761 Personal Representative X Counsel for Personal Representative Register of Wills of CUMBERLAND INVENTORY County, Pennsylvania Estate of Charles W. Krout also known as , Deceased No. 21-02-0386 Date of Death 03/16/2002 Social Security No. 193 - 12 - 8282 Charles W. Krout, Jr. and Barbara H. MacGee, Personal Representative(s) of the above Estate, deceased, verify that the items appearing in the following Inventory include all of the personal assets wherever situate and all of the real estate in the Commonwealth of Pennsylvania of said Decedent, that the valuation placed opposite each item of said Inventory represents its fair value as of the date of the Decedent's death, and that Decedent owned no real estate outside of the Commonwealth of Pennsylvania except that which appears in a memorandum at the end of this Inventory. I/We verify that the statements made in this Inventory are true and correct. I/We understand that false statements herein are made subject to the penalties of 18 Pa. C.S. Section 4904 relating to unsworn falsification to authorities. Name of Attorney: James D. Begat Esquire I.D. No.: 19475 Address: One West Main Street Shiremanstown, PA 17011 Telephone: 717/737-8761 Personal Representative Signature: ~t,~ W ~[J Charles W. Krout,] Jr. Signature: .4~?~..~/.L/?//~~ Barbara H. MacGee Address: 507 First St. Summerdale, PA 17093 Telephone: 717/732- 9302 Dated: 06/12/2002 Description (See continuation page(s) attached) (Attach additional sheets if necessary) Value Total: 62,840.00 NOTE: The Memorandum of real estate outside the Commonwealth of Pennsylvania may, at the election of the personal representative, include the value of each item, but such figures should not be extended into the total of the Inventory. Prepared by the Pennsylvania Bar Association Copyr c~ht (c) 1996 form software only CPSystems. Inc. Form #RW-7 (1992) Estate of: Date of Death: County: Charles W. Krout 03/16/2002 Cumberland INVENTORY CASH: Cumberland Crossings Refund Erie Insurance - Refund (auto) Erie Insurance Refund (home) Patriot News Co. - Refund PNC Bank, N.A. Checking Account No. 5140036091, date of death balance $456.26, accrued interest $0.03 Sprint - Refund PERSONAL PROPERTY: Chuck Bricker, Auctioneer - Sale of personal property (gross proceeds) Dale L. Putt, Auctioneer - Sale of button collection (gross proceeds) Graham Motor Company - Sale of 1996 Buick Sedan, VIN 1G4HR52KOTH435302 45,508.38 200.00 15.00 62.45 456.29 10.88 1,089.50 9,497.50 6,000.00 TOTAL RECEIPTS OF PRINCIPAL ............... 46,253.00 16,587.00 62,840.00 REV-1500 EX,/6-00) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 171Z8-0601 D E C E D E N T REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT DECEDENT'S NAME (LAST, FIRST, AND MIDDLE iNITIAL) Krout Charles W. DATE OF DEATH (MM-DD-YEAR) 03/16/2002 DATE OF BIRTH (MM-OD-YEAR) 01/17/1917 APPLICABLE) SURVIVING SPOUSE'S NAME {LAST, FIRST, AND MIDDLE INITIAL)  1. OriginaIReturn 2. SupplementaIReturn 4. Limited Estate 4a. Future interest Compromise (date of death after 1Z- 12-8;)) 5. Decedent Died Testate 7. Decedent Maintained a Living Trust (Attach copy of Will) (Attach copy of Trust) ~9. Litigation Proceeds Received L~ Spousal Poverty Credit 10. (date of death between 1;)-31-91 and 1-1-95) OFFICIAL USE ONLY FILE NUMBER 21-02-0386 COUNTY CO DE YEAR NU M B ER SOCIAL SECURITY NUMBER 193-12-8282 THIS RETURN MUST BE FILED IN DUPLICATE W1TH THE REGISTER OF WILLS SOCIAL SECURITY NUMBER CA-P HP? EP~" CR~ KO~  (date of death 3. Remainder Return priorto 12-13-82) 5. Federal Estate Tax Return Required 0 8. Total Number of Safe Deposit Boxes Election to tax under Sec. 9113(A) (Attach Sch O) NAME COMPLETE MAILING ADDRESS c o R R E S c o M T O James D. Bosar Esquire FI RM NAME (If Applicable) TELEPHONE NUMBER 717,/737- 8761 One West Main Street Shiremanstown, PA 17011 1. Real Estate (Schedule A) (1) N[~t~: Z. Stocks and Bonds (Schedule B) (2) N.Ghe 3. Closely Held Corporation, Partnership or (3) N6ne Sole-Proprietorship 4. Mortgages & Notes Receivable (Schedule D) (4) 5. Cash, Bank Deposits & Miscellaneous Personal Property (5) (Schedule E) 6. Jointly Owned Property (Schedule F} (6) ~ Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) (9) 10. Debts of Decedent. Mortgage Liabilities, & Liens (Schedule I) (10) 11. Total Deductions (total Lines 9 & 10) 12. Net Value of Estate (Line 8 minus Line 11 ) 13. 14. None 62,840.00 123,437.21 15,722.26 10,494.32 1,103.83 Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) Net Value Subject to Tax (Line 12 minus Line 13) ~ OFFICIAl, uSE ONLY (8) 201,999.47 (11) 11~598.15 (12) 190,401.32 (13~ (14) 190,401.32 SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116(a)(1.2) 16. Amount of Line 14 taxable at lineal rate 17. Amount of Line 14 taxable at sibling rate 18. Amount of Line 14 taxable at collateral rate 19. Tax Due 190,401.32 X .0 0 x .0 45 X .12 X .15 (15) 0.00 (16) 8,568.06 (17) 0.00 (is). o. 0o (19) 8,568.06 Copyright (c) Z000 form software only The Lackner Group, [nc. Form REV- 1500 EX (Rev. 6-00) Decedent's Complete Address: STREET ADDRESS 68 Macaw Avenue CITY STATE ZIP Carlisle PA 17013 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount 0.00 428.40 (1) Total Credits ( A + B + C ) (2) 8,568.06 3. Interest/Penalty if applicable D. Interest E. Penalty Total Interest/Penalty ( D + E ) (3) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 Line 20 to request a refund (4) 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. (5) A. Enter the interest on the tax due. (SA) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (SB) 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; or .................................... d. receive the promise for life of either payments, benefits or care? ................... 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ................................ ~ [~ 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? .............................................. [] [] 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ................................ [] [~ IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. 428.40 0.00 0.00 8,139.66 0.00 8,139.66 Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representative is based on ail information of which preparer has any knowledge. SIGNG~N~TURE~OFP .N ,RESPf~TURE OF PERSON RESP SIBLE FOR FILING RETURN Charles W. Krout, Jr. DATE ,, -- 6 -3- ........................ SIG~REOFPREP~ROTH~THANREPRESENTATIVE J~es D Bo ar Es u ire DATE / ~ '~,,- One Wes; Ma~n Street s f death on or~er July 1, 1994 and before Janua~ 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3% [72 P.S. 9116 (a) (1.1) (i)]. For dates of death on or after Janua~ 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P.S. 9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statuto~ requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficial. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenW-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is 0% [72 P.S. 9116 (a) (1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. 9116(1.2) [72 P.S. ~11~(~)(1 )]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. 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. CoDyHqht {c) ~000 form sol,are only The Lackner Grou~. Inc. Form REV-1~00 EX ~Rev. ADDITIONAL Personal Representatives Estate of Charles W. Krout SS# 193-12-8282 03/16/2002 Under penalties of perjury, the undersigned declare that they have examined this return, including accompanying schedules and statements, and to the best of their knowledge and belief, it is true, correct and complete. S i gnatur e Name Address Line 1 Address Line 2 City, State, Zip Date Barbara H. MacGee 352 Equus Drive Camp Hill, PA 17011 06/12/2002 REV- 1508 EX * (1-97) SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Charles W. Krout SS# 193-12-8282 03/16/2002 21-02-0386 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F, ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH per attached letter) Cumberland Crossings - Refund (as Erie Insurance Refund (auto) Erie Insurance - Refund (home) Patriot News Co. Refund PNC Bank, N.A. - Checking Account balance $456.26, accrued interest Sprint - Refund Chuck Bricker, Auctioneer proceeds) Dale L. Putt, Auctioneer proceeds) Graham Motor Company - 1G4HR52KOTH435302 No. 5140036091, date of death $0.03 Sale of personal property (gross Sale of button collection (gross Sale of 1996 Buick Sedan, VIN 45,508.38 200.00. 15.00 62.45 456.29 10.88 1,089.50 9,497.50 6,000.00 TOTAL (Also enter on line 5, Recapitulation) $ 62,840.00 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1508 EX (Rev. 1-97) CUMBERLAND CROSSINGS April 22, 2002 James D. Bogar Attorney at Law One West Main Street Sbiremanstown, PA 17011 Dear Mr. Bogar, The estate of Charles W. Krout will receive a refund of $ 45,508.38, based on the purchase option selected by Mr. Krout at time of purchase. The refund will be forwarded, within thirty days, to the estate after the cottage has been resold and final payment has been made by the new purchaser. If you have any questions, please call me at (717) 240-6004. Sincerely, Jeffrey A. Goodling Chief Financial Officer Cumberland Crossings Retirement Community 1 LongsdorfWay , Carlisle, PA 17013 , 717-245-9941 PN CBAN<. May 1,2002 James D. Bogar One West Main Street Shiremanstown, PA 17011 Estate of Charles W. K_rout, deceased SSN: 193-12-8282 DOD: 3/16/2002 Dear Mr. Bogar. In response to your request for Date of Death balances for the customer noted above, our records show the following: Checking Account Account #5140036091 CHARLES K.ROUT DOD balance: $456.26 ~- $0.03 accrued imerest Established 03/18/1989 Please note that tkis office only provides date of death balances for deposit accounts (IRAs, CDs, Checking and Savings accounts). 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, Rachelle Wells 1-800-762-1775 PT-PFSC-04-F 500 first Ave. Pittsburgh PA 15219 Member FDIC TOTAL P.01 REV-1509 EX +(1-97) SCHEDULE F COMMONWEALTH OF PENNSYLVANIA JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Charles W. Krout SS~ 193-12-8282 03/16/2002 FILE NUMBER 21-02-0386 If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. SURVIVING JOINT TENANT(S) NAME ADDRESS RELATIONSHIP TO DECEDENT A. Charles W. Krout, Jr. Son B. Barbara H. MacGee Co P. 0. Box 321 Summerdale, PA 17093 352 Equus Drive Camp Hill, PA 17011 Daughter JOINTLY-OWNED PROPERTY: LETTER DATE DESCRIPTION OF PROPERTY % OF DATE OF DEATH Include name of financial institution and bank ITEM :OR JOINT MADE DATE OF DEATH DECD'S VALUE OF account number or similar identifying number. NUMBER TENANT JOINT Attachdeedforjointly-heldreatestate. VALUE OF ASSET INTEREST DECEDENT'S INTERES 1 A&B 04/01/97 Prudential Securities Inc. 370,311.64 33.33% 123,437.21 Account No. 044-286874-28 (average of values as of 03/15/02 and 03/18/02 used las listed on attached letter) TOTAL (Also enter on line 6, Recapitulation) $ 123,437.21 (If more space is needed insert additional sheets of the same size) Co~¥riclht (c~ 1996 form software only CPSystems, Inc. Form REV-1509 EX (Rev. 1-97~ MAY 10 2002 15:0S FR PRU SEC HARRISBURG ?17 S75 842G TO ~?J?~08G P.01/01 Prudential Financial C~arles A. Koch Jr. ~ V'~ President - ~le~ ~jr~prus~.~m Sh¢l~ A. Weible~ P. J~y Newel General Clerk May 8, 2002 Ptude~ial Se=odliel Iflem, peml~ 3 Lemovfle Drive Lemovne, PA 17403 PO Box 7. Camp Hill, PA 17001.9852 Tel 717 761-7:344 8(](] 488-~885 Fax 717 g75-lM2J 3ames Bogar Attorney One West Main Street Shiremanstown, PA 17011 RE: Estate of Charles W. Krout Sr. Dear 3oan, The attached spreadsheet shows the values of the securities maintained at Prudential Securities in account #0~.~. 286874-28 (titled: Charles W. Krout, Charles W. Krout 3r. &, Barbara K. MacGee ]TWROS, opened 4/1997) as of Mr. Krout's date of death on 3/16/02 Since that was a weekend, the spreadsheet shows values for 3/15/02 and 3/18/02. Registered Assistant TOTAL PAGE.O1 ** QUANTITY 716 692 621 610 20,000 20,000 15,000 2559.372 5171.818 1535.728 1044.104 30,000 20,000 31563 CHARLES W KROUT PRUDENTIAL SECURITIES ACCT. #044-286874-28 VALUE AIO 3115102 & 3118102 DESCRIPTION 3/1 Bellsouth Corp 36.10 PPL Corp. 3O.O3 SBC Communications Inc. 39.00 Verlzon Communicatio~s 47.70 GM/kC Notes 4.75% 11/15/03 99.5025 GMAC Notes 4.50% 2/15/04 98.5580 GMAC Notes 4.50% 2/15/04 98.5950 Ealon Vance Inv Trust PA LTD Maturity A 10.17 Eaton Vane Muni Trust PA B 10.06 Prudential Govt Income Fd A 8.87 Prudential Muni Bond Fd - HI Income B 10.05 CD Discover Bank 6.60% 6/16/02 101.7896 CD Ledger Bank 5.00% 6/06/03 101.8864 CD Capilai One FSB 4.35% 8/22/03 101.3138 Command Money Market Funds 1.00 TOTAL 3/t S/I)2 VALUE 3/18/21)02 $27,279.60 36.40 $24,g32.76 37.00 $24,219.00 38.90 $29,097.00 47.62 $19,900.50 99.4225 $19,71 !.60 98.5480 $14,789.25 98.5860 $26,028.81 10.16 $52,028.49 10.06 $13,621 .gl 8.88 $10,493.25 10.05 $25,447.40 101.7775 $30,565.92 101.8822 $20,262.76 101.3114 $31,563.00 1.00 $369,941.24 The information conlained herein has been obtained from sources believed reliable but not necessarily complete and cannot be guaranteed. This report is not the official record of your account. Your Prudential Securities Client Statement is the official record of your account. 3/18~2 VALUE $27,494.40 $25,604.00 $24,156.90 $29,048.20 $t9,884.50 $t9,709.80 $14,787.90 $26,003.22 $52,028.49 $13, 637.26 $10,493.25 $25,444.38 $30,564.66 $20,252.28 $31,563.00 $370,682.04 EL. J I-- 0 REV-1510 EX+ (1-97) SCHEDULE G INTER-VIVOS TRANSFERS & COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN MlSC, NON-PROBATE PROPERTY RESIDENT DECEDENT ESTATE OF Charles W. Krout SS~/ 193-12-8282 03/16/2002 FILE NUMBER 21-02-0386 This schedule must be completed and filed if the answer to any of questions 1 throuqh 4 on page 2 is yes. DESCRIPTION OF PROPERTY % OF ITEM INCLUDETHE NAMEOFTHETRANSFEREE. THEIR DATE OF DEATH DECD'S EXCLUSION TAXABLE VALUE RELATIONSHIP TO DECEDENT AND THE DATE OF TRANSFER. NUMBER ATTACH A COPY OF THE DEED FOR REAL ESTATE. VALUE OF ASSET INTEREST (IF APPLICABLE) 1 Ohio State Life Insurance 15,722.26 100.00~ 0.00 15,722.26 Company - Supplemental Contract No. 00915266 issued 01/24/97. Annuitant: Charles W. Krout. Beneficiaries: Charles W. Krout, Jr., son of decedent, and Barbara H. MacGee, daughter of decedent. TOTAL(Alsoenteronline7, Recapitulation) $ 15,722.26 (:If more space is needed, insert additional sheets of the same s~zel CoDyrklht (c} 1996 form software only CPSysterns, Inc. Form REV-1510 EX lRev. 1-97) Ohio State Life Insurance Company '(~) P.O. Box 13487 · Kansas City, Missoud 64199-3487 June 1, 2002 James D. Bogar One West Main Street Shirmanstown, PA 17011 Reference: 21192173 Contract Number: 00915266 Annuitant: Charles Sr Krout Dear Mr. Bogar: This letter is in reference to the above mentioned Supplemental Contract. This contract was issued on January 24, 1997. Payments commenced on January 24, 1997 also. Charles W. Krout Sr. was the owner, annuitant and payee. This contract provided monthly payments in the amount of $299.68 for a guaranteed period of ten years and the life of the annuitant. The principal amount, at the date of issue, was $31,326.65. The value of the contract as of March 16,2002 was $15,722.26. We have searched our files by name and social security number and can find no other contracts or policies on Charles W. Krout Sr. If we could be of any further help please call (800)366-6615. Sincerely, Jonathan Martin Claims Provider R~-~S. EX +0-97) SCHEDULE H FUNERAL EXPENSES & COMMONWEALTH OF PENNSYLVANIA INHERITANCETAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF Charles W. Krout SS~/ 193-12-8282 03/16/2002 FILE NUMBER 21-02-0386 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT Ao 2o 2 3 4 5 FUNERAL EXPENSES: Musselman Funeral Home - Funeral expense ADMINISTRATIVE COSTS: Personal Representative's Commissions Name of Personal Representative(s) Social Security Number(s) / EIN Number of Personal Representative(s) Street Address City State Zip Year(s) Commission Paid: Attorney's Fees James D. Bogar Esquire 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 Probate Fees Register of Wills Accountant's Fees Tax Return Preparer's Fees Other Administrative Costs Chuck Bricker, Auctioneer Commission re sale of personal property Dale L. Putt, Auctioneer - Commission re sale of button collection PA Department of Revenue - Estimated personal income tax PSERS - Return of state retirement overpayment RESERVES: Costs to conclude administration of Estate including filing fee for PA Inheritance Tax Return, Inventory and First & Total of Continuation Schedule(s) payment 1,974.00 3,850.00 258.00 269.50 1,899.50 85.00 280.99 850.00 1,027.33 TOTAL (Also enter on line 9, Recapitulation) $ l0,494.32 (If more space is needed, insert additional sheets of the same size) Cooyriclht lc) 1996 form software onlv CP°~ystems, Inc. Form REV-1511 EX (Rev. 1-97~ Estate of: Charles W. Krout Soc Sec #: 193-12-8282 Date of Death: 03/16/2002 Item Description Continuation of Schedule H-B7 (Other Administrative Costs) Amount Final Account; preparation of Personal and Fiduciary Income Tax Returns U.S. Treasury - Estimated personal income tax payment · U.S. Postal Service - Postage/transmittal to Ohio State Life Insurance Co. U.S. Postal Service - Certified mail 1,000.00 19.45 7.88 1,027.33 REV- 151Z EX + (1-97) SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, AND LIENS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Charles W. Krout SS~; 193-12-8282 03/16/2002 21-02-0386 Include unreJmbursed medical expenses. ITEM NUMBER DESCRIPTION AMOUNT 1 2 3 4 5 6 Belvedere Medical Corporation - Medical expense Cumberland Crossings Monthly service fee Fehl Awning Co. - Awning installation GPU ENERGY Electric bill Sprint Telephone bill UGI - Gas bill 100 7O0 55 15 20 212 O0 00. 28 42 77 36 TOTAL (Also enter on line 10, Recapitulation) $ 1,103.83 (If more space is needed, insert additional sheets of the same size) Copyright (c} 1996 form software only CPSystems, Inc. Form REV-1512 EX (Rev. 1-97/ REV-1513 EX + (9-00) SCHEDULE J BENEFICIARIES COMMONWEALTH OF PENNSYLVANIA I N H ERITANCE T,~0( RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Charles W. Krout SS# 193-12-8282 03/16/2002 21-02-0386 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE 3 II. TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116(a)(1.Z)] Charles W. Krout, Jr. 507 First St. P. O. Box 321 Summerdale, PA 17093 Son Lenamae H. Krout Barbara H. MacGee 352 Equus Drive Camp Hill, PA 17011 Spouse Daughter One-half (1/2) of rest, residue and remainder of Estate Predeceased Charles W. Krout, having died 03/16/97 One-half (1/2) of rest, residue and remainder of Estate ENTER DOLLAR AMTS. FOR DISTRIBUTIONS SHOWN ABOVE ON LN. 15 THRU 18, AS APPROPRIATE, ON REV 1500 COVER SHEET NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SEC. 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B, CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II - ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV 1500 COVER SHEET I$ 0.00 (If more space is needed, insert additional sheets of the same size) Co~3vric~ht (c'~ 2000 form software only The Lackner Group, [nc, Form REV-1513 EX {Rev. 9-00) O~ CH~R~ ~. I~ROUT I, CHARLES W. KROUT, of the Borough of Camp Hill, Cumberland County, Pennsylvania, make, publish and declare this as and for my Last Will and Testament, hereby revoking all other Wills and Codicils heretofore made by me. FIRST: I devise and bequeath all the rest, residue and remainder of my estate of whatever nature and wherever situate, including any property over which I hold power of appointment and together with any insurance policies thereon, unto my wife, LENAMAE H. KROUT, provided she survives me by sixty (60) days. SECOND: Should my wife, LENAMAE H. KROUT, predecease me or die on or before the sixty-first (61st) day following my death, I devise and bequeath all the rest, residue and remainder of my estate of whatever nature and wherever situate, including any property over which I hold power of appointment and together with any insurance policies thereon, in equal shares, to my children, CHARLES W. KROUT, JR., and BARBARA H. MacGEE, provided that should any of my children predecease me, I give and bequeath such child's share unto his or her issue per stirpes by representation, and if there be a failure of same, then I give and bequeath such deceased child's share to my surviving child as provided herein. THIRD: In addition to all powers granted to them by law and by other provisions of this Will, I give the fiduciaries acting hereunder the following powers, applicable to all property, exercisable without court approval and effective until actual distribution of all property: (A) To sell at public or private sale, or to lease, for any period of time, any real or personal property and to give options for sales, exchanges or leases, for such prices and upon such terms (including credit, with or without security) or conditions as are deemed proper. This includes the power to give legally sufficient instruments for transfer of the property and to receive the proceeds of any disposition of it. (B) To partition, subdivide, or improve real estate and to enter into agreements concerning the partition, subdivision, improvement, zoning or management of real estate and to impose or extinguish restrictions on real estate. (C) To compromise any claim or controversy and to abandon any property which is of little or no value. (D) To invest in all forms of property, including stocks, common trust funds and mortgage investment funds, without restriction to investments authorized for Pennsylvania fiduci- aries, as are deemed proper, without regard to any principle of diversification, risk or productivity. (E) To exercise any option, right or privilege granted in insurance policies or in other investments. (F) To exercise any election or privilege given by the Federal and other tax laws, including, but not necessarily being limited to, personal income, gift and estate or inheritance tax laws. (G) To make distributions to my herein named benefici- aries in cash or in kind or partly in each. (H) To borrow money from themselves or others in order to pay debts, taxes, or estate or trust administration expenses, to protect or improve any property held under my will, and for investment purposes. (I) To select a mode of payment under any qualified retirement plan (pension plan, profit sharing plan, employee stock ownership plan, or any other type of qualified plan) to the extent the plan or the law permits them to do so, and to exercise any other rights which they may have under the plan, in whatever manner they consider advisable. FOURTH: I direct that all inheritance, estate, transfer, succession and death taxes, of any kind whatsoever, which may be payable by reason of my death, whether or not with 2 respect to property passing under this Will, shall be paid out of the principal of my residuary estate. FIFTH: I nominate and appoint my wife, LENAMAE H. KROUT, Executrix of this, my Last Will and Testament. In the event of the death, resignation or inability to serve for any reason whatsoever of the said LENAMAE H. KROUT, I nominate and appoint CHARLES W. KROUT, JR. and BARBARA H. MacGEE, Co-Executors of this, my Last Will and Testament. I direct that my Executrix or Executor, as the case may be, and their successors, shall not be required to post security or a bond for the performance of their duties in any jurisdiction. IN WITNESS WHEREOF, I have hereunto set my hand and seal to this, my Last Will and Testament, this /~'~day of ~ d ~ ~ , 1992. CHARLES W. KROUT Signed, sealed, published and declared by the above- named Testator as and for his Last Will and Testament in our presence, who, at his request, in his presence and in the presence of each other, have hereunto subscribed our names as attesting witnesses. Address Address 3 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO. REV-1162 EX(11-96) CD 001295 JAMES D BOGAR ESQUIRE ONE WEST MAIN STREET SHIREMANSTOWN, PA 17011 ........ fold ESTATE INFORMATION: SSN: 193-12-8282 FILE NUMBER: 2102-0386 DECEDENT NAME: KROUT CHARLES W DATE OF PAYMENT: 06/14/2002 POSTMARK DATE: 00/00/0000 COUNTY: CUMBERLAND DATE OF DEATH: 03/1 6/2002 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 $8,139.66 REMARKS: TOTAL AMOUNT PAID: JAMES D BOGAR ESQUIRE $8,139.66 SEAL CHECK# 98 INITIALS' AC RECEIVED BY: MARY C. LEWIS REGISTER OF WILLS REGISTER OF WILLS INHERITANCE TAX DIVISION DEPT. Z80601 HARRISBUR$, PA 171Z8-0601 TAXES COHHONWEALTH OF PENNSYLVANZA DEPARTHENT OF REVENUE NOTICE OF INHERITANCE TAX APPRAISEHENT, ALLO#ANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSNENT OF TAX JAHES D BOGAR ESQ I W HAIN ST SHIREHANSTOWN PA 17011 DATE 07-22-2002 ESTATE OF KROUT DATE OF DEATH 05-16-2002 FILE NUHBER 21 0Z-0586 COUNTY CUHBERLAHD AC~~+ 101 Aeoun~ Reei~ed CHARLES W HAKE CHECK PAYABLE AND RENZT PAYNENT TO: REGISTER OF WILLS CUHBERLAND CO COURT HOUSE CARLISLE, PA 17015 CUT ALONG THTS L'rNE ~ RETAZN LOWER PORTZON FOR YOUR RECORDS REV-1547 EX AFP (01-02) NOTICE OF 'rNHER'rTANCE TAX APPRAZSEHENT, ALLOWANCE OR D'rSALLOWANCE OF DEDUCT'tONS AND ASSESSHENT OF TAX ESTATE OF KROUT CHARLES W FILE NO. 21 02-0586 ACN 101 DATE 07-22-2002 TAX RETURN NAS: (X) ACCEPTED AS FILED ( ) CHANGED RESERVAT'rON CONCERN'rNG FUTURE 'rNTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURH 1. Real Es~a~e (Schedule A) (1) 2. S~ocks and Bonds (Schedule B) (2) $. Closely Held S~ock/Par~narship In~ares~ (Schedule C) ($) 4. Nor~gagas/No~as RacaAvable (Schedule D) (4) 5. Cash/Bank DeposA~s/HAsc. Personal Proper~¥ (Schedule E) (E) 6. Jointly Owned Propar~y (Schedule F) (6) 7. Transfers (Schedule G) (7) 8. To,al Assa~s APPROVED DEDUCTIONS AND EXEHPTZONS: 9. Funeral Expanses/Ada. Cos~s/NAsc. Expanses (Schedule H) (9) 10. Deb~s/Hor*gage LAabAli~Aes/LAens (Schedule I) (10) 11. To,al Deductions 12. Ne~ Value of Tax Re~urn .00 .00 .00 .00 62~8~0.00 1ZSz~$7.Z1 15~722.26 (8) 10,~9~.$Z NOTE: To insure proper cradi~ ~o your account, submi~ ~he upper por~Aon of ~hAs form wASh your ~ax payment. 15. 14. NOTE: Z01,999.~7 1,105.83 (11) 11.$98.15 (12) 190,~01.$2 Chari~abla/Governmen*al Bequests; Non-elected 911:5 Trus*s (Schedule J) (1:5) Na~: Value of Es~m~a Subjec~ '1:o Tax :Xf an assess.ent ~as issued previously, lines 14, 15 and/or 16, 17, reflect figures that /nclude the total of ALL returns assessed to date. ASSESSHENT OF TAX: 15. Amoun~ of Line 14 a~ Spousal ra~a 16. Amoun~ of Line 14 ~axable a* LAneal/Class A ra~a 17. Amoun~ of LAne 14 a~ Sibling ra~e 18. Amoun~ of LAne 14 ~axabla a~ Collateral/Class B ra~a 19. PrAncApal Tax Due TAX CREDZTS: PAYHENT R~CE/PT D/SCOUNT (+) DATE NUHBER INTEREST/PEN PAID (-) 06-1~-2002 CD001295 ~Z8.~O .00 190,~01.$Z IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. 18 and 19 Nlll (15) .00 x O0 = .00 (16) 190,R01.$2 x 0~5= 8,568.06 (17) .00 X 12 = .00 (18) .00 x 15 : .00 (i9)= 8,568.06 ANOUNT PAID 8,139.66 TOTAL TAX CREDIT BALANCE OF TAX DUEI ZNTEREST AND PEN. TOTAL DUE 8,568.06 .O0 .00 .00 ( ZF TOTAL DUE ZS LESS THAN $1, NO PAYNENT ZS REQUIRED. ZF TOTAL DUE ZS REFLECTED AS A "CREDIT" (CR), YOU NAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS.) STATUS REPORT UNDER RULE 6.12 Name of Decedent: Date of Death: Charles W. Krout 3/16/2002 Will No. 21-02-0386 Admit. No. Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: State whether administration of the estate is complete: Yes x No 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: 3. If the answer to No. 1 is Yes, state the following: a. Did the personal representative file a final account with the Court? Yes No X b. The separate Orphans' Court No. (if any) for the personal representative's account is: c. Did the personal representative state an account informally to the parties in interest? Yes X No d. Copies of receipts, releases, joinders and approvals of formal or informal accounts may be filed with the Cerk of the Orphans' Court and may be attached to this report. Date: ~/~ ~~~ Signature ~ James D. Bo Esquire Name (Please type or print) One West Main St. Shiremanstown, PA 17011 Address {717 } 737-8761 Tel. No. Capacity: __Personal Representative (MAH:rmf/AM3) X __Counsel for personal representative