HomeMy WebLinkAbout01-10-14 1 1505610105
J REV-1500 EX(o=-""FI' '
OFFICIAL USE ONLY
Department of Revenue Pennsylvania
Bureau of Individual Taxes `"'"`"`" County Code Year File Number
PO BOX 280601 INHERITANCE TAX RETURN —
Harrisburg,PA 17128-o6oi RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY
05/31/2012 08/13/1965
Decedent's Last Name _ Suffix Decedent's First Name MI_
Geesaman Jr. Kenneth L
(If Applicable)Enter Surviving Spouse's Information Below
Spouse's Last Name SuiFx Spouse's First Name MI
Andrea Geesaman J
Spouse's Social Security Number
F-- - — — — THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
1205-44-1238
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)
C=) 4.Limited Estate O 4a.Future Interest Compromise(date of O 5. Federal Estate Tax Return Required
death after 12-12-82)
M 6.Decedent Died Testate C=:) 7.Decedent Maintained a Living Trust 0 8. Total Number of Safe Deposit Boxes
(Attach Copy of Will) (Attach Copy of Trust.)
= 9.Litigation Proceeds Received (=:) 10.Spousal Poverty Credit(Date of Death = 11. Election to Tax under Sec.9113(A)
Between 12-31-91 and 1-1-95) (Attach Schedule O)
CORRESPONDENT- THIS SECTION MUST BE COMPLETED,ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytime Telephone Number
Thomas P. Gleason (717) 532-3270 l
REGISTER OF WILLS USE ONLY
First Line of Address _ 1= r't-I O y C)
71 'S] C_ G7 V
49 West Orange Street
Second Line of Address P^ r frl m
o :aj o
--__-. _- - --- _ ....—_._...._--.. rya� tiO
D NE FILE Ci y or Post Office State ZIP Code
CJ
Shippenburg PA 17257 ;� r\3 tr r^ a
Correspondent's e-mail address:tomgleason @tomgleasonlaw.com r✓
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 comp) Iaratlon of preparer other than the personal representative is based on all information of which preparer has any knowledge.
SIGN A RE FP SO RESPONSIBLE FOR FILING RETURN D TE
AD ESS o7d C ET ttf /� p/L
SIGNATURE OF AtEYARER OTHER THAN REPRESENTATIVE DATE
ADDRESS
PLEASE USE ORIGINAL FORM ONLY
Side 1
1505610105 1505610105
J 1505610205
REV-1500 EX(Fl)
Decedent's Social Security Number
Decedent's Name: KENNETH L. GEESAMAN, JR.
RECAPITULATION
1. Real Estate(Schedule A). .. ..... . ... .... ... ... ... . .... ..... ..... .. L 470,898.25
2. Stocks and Bonds(Schedule B) . ..... .... .................. ... ... ... .. 2. 1 38,237.36
I
3. Closely Held Corporation, Partnership or Sole-Proprietorship(Schedule C) . ... . 3. 1 347,413.13
4. Mortgages and Notes Receivable(Schedule D)... ...... ...... ..... .. .... . 4. 0.00 -'
5. Cash,Bank Deposits and Miscellaneous Personal Property(Schedule E)..... . . 5. 2,700.00
6. Jointly Owned Property(Schedule F) C=) Separate Billing Requested .... . .. 6. �- 0.00
7. Inter-Vivos Transfers 8 Miscellaneous Non-Probate Property
- -- - --------
(Schedule G) C=) Separate Billing Requested....... . 7. j 0.00 j
i
8. Total Gross Assets(total Lines 1 through 7). ...... ... ...... ... . ... ... ... 8. 859,248.71
9. Funeral Expenses and Administrative Costs(Schedule H).. ... ............. . 9. i 23,098.61
i__
10. Debts of Decedent, Mortgage Liabilities and Liens(Schedule 1).. .... ... .. . .. . 10. 1 72,954.54
I
11. Total Deductions(total Lines 9 and 10)...... ........ ... ... ... . ..... .. .. 11. 96,053.15
12. Net Value of Estate(Line 8 minus Line 11) ... ... ................ ... . .. . . 12. i 763,195.56
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which
an election to tax has not been made(Schedule J) .. ... ... .. . .... ...... ... 13. ( 0.00
14. Net Value Subject to Tax(Line 12 minus Line 13) ...... ... ... . .... ... ... . 14. i 763,195.56 !�
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.00 454,673.75 5 . 0.00
16. Amount of Line 14 taxable
at lineal rate X.0 45 308,521.81 i 6. 13,883.48
17. Amount of Line 14 taxable -
at sibling rate X.12 0.00 17 0.00
18. Amount of Line 14 taxable
at collateral rate X.15 0.00 18 j 0.00
19. TAX DUE .. ........... ........... . ..... ...... ...... ... . .... ... .... 19.1 13,883.48
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT p
Side 2
L 1505610205 1505610205 J
REV-1500 EX(FI) Page 3 Fite Number
Decedent's Complete Address:
DECEDENT'S NAME
Kenneth L. Geesaman, Jr.
STREETADDRESS
---- --- - -
272 Chestnut Drive
Shippentourg
CITY STATE ZIP
PA PA 17257
Tax Payments and Credits:
1, Tax Due(Page 2,Line 19) (1) 13,833.48
1 CreditsrPayments
A.Prior Payments 0.00
B.Discount 0.00
Total Credits(A+B) (2) 0.00
3. Interest
{3} 195.11
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) 0.00
5, If Line 1+Line 3 is greater than Line 2,enter the difference.This is the TAX DUE. (5) 14,028.59
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.............._....................................................................... ❑ 9
b. retain the right to designate who shall use the property transferred or its income.........................._...._.......... ❑ Is
c. retain a reversionary interest .............................................................................................................................. ❑ X
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.§9116(a)(1.1)(i)].
For dates of death on or after Jan. 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent
[72 P.S.§9116(a)(1.1)(ii)j.The statute does not exempt a transfer to a surviving spouse from tax,and the statutory requirements for disclosure of assets and
filing a tax return are still applicable even if the surviving spouse is the only beneficiary.
For dates of death on or after July 1,2000:
s 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 RS.
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 RS.
s The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent[72 P.S.§9116(a)(1.3)].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+(12-12)
fj � pennsylvania SCHEDULE A
`��'' DEPARTMENT OF REVENUE
INHEMANCE TAX RErURN REAL ESTATE
RESIDENT OECEDENT
ESTATE OF: FILE NUMBER:
KENNETH L. GEESAMAN, JR.
All real property owned solely or as a tenant In common must be reported at fair market value.Fair market value is defined as the price at which property
would be exchanged between a willing buyer and a willing seller,neither being compelled to buy or sell,both having reasonable knowledge of the relevant facts.
Real property that is jointly-owned with right of survivorship must be disclosed on Schedule F.
Attach a copy of the settlement sheet if the property has been sold.
ITEM Include a copy of the deed showing decedent's interest if owned as tenant in common. VALUE AT DATE
NUMBER OF DEATH
DESCRIPTION
1. 112 interest in 80 W.Surd Street,Shippensburg(See attached deed 8 appraisal) 313,000.00
2. 1/2 interest in 13 N.Morris Street,Shippensburg(See attached deed) 79,500.00
"Assessed value$159,000.00 x 1.0(Cumberland County Comm.Level Ratio)=$159,000.00
3. 112 interest in 22124 N.Morris Street,Shippensburg(See attached deed) 78,398.25
Assessed value$20,550.00 x 7.63(Franklin County Comm.Level Ratio)_$156,796.50
TOTAL(Also enter on Line 1, Recapitulation.) $ 470,898.25
If more space is needed,use additional sheets of paper of the same size.
SUMMARY APPRAISAL REPORT
COMMERCIAL PROPERTY
80 WEST BURD STREET
SHIPPENSBURG, PENNSYLVANIA
PREPARED FOR
THE ESTATE OF KENNETH L. GEESAMAN, JR.
BY
LARRY E. FOOTE
DIVERSIFIED APPRAISAL SERVICES
35 EAST HIGH STREET, SUITE 101
CARLISLE, PENNSYLVANIA
17013-3052
(717)249-2758
copy]
TABLE OF CONTENTS
PAGE NO.
Tableof Contents..................................:.....................................................................2
Letterof Transmittal...................................................................................................3
Summary of Important Facts and Conclusions...........................................................4
The Valuation Process.........................................................................6
AppraisalCertificate...................................................................................................9
Intended Use of the Appraisal.................................................................... ....1 I
...........
Location Analysis .....................................................................................................12
Zoning.......................................................................................................................15
OwnershipHistory....................................................................................................17
EstimatedMarketing Time .......................................................................................17
Economictrends........................................................................................................17
ExposureTime..........................................................................................................18
SiteDescription.........................................................................................................19
Improvements ...........................................................................................................20
Taxes and Assessment......................................... 22
.............................................
Highestand Best Use................................................................................................23
CostApproach..........................................................................................................29
Sales Comparison Approach.....................................................................................32
IncomeApproach......................................................................................................41
Reconciliation and Final Value Estimate..................................................................42
Underlying Assumptions and Limiting Conditions..................................................43
Certificateof Appraisal.............................................................................................46
PrivacyNotice...........................................................................................................48
APPENDIX
Qualifications of the Appraiser
Photographs
Location Map
2
Diversified Appraisal Services
Real Estate Appraisers and Consultants 35 East High Street
Cadisle,PA 17013-3052
(717)249-2758
FAX(717)258-4701
July 11, 2012
TO: The estate of Kenneth L. Geesaman,Jr.
FM: Larry E. Foote
RE: Summary Appraisal Report
Commercial Property
80 West Burd Street
Shippensburg, Pennsylvania
At your request, I have appraised the captioned property. The appraisal report,
which follows this letter, is submitted in support of my opinion of Market Value of the
Fee Simple Interest in the property, as of May 31, 2012.
I hereby certify that,to the best of my knowledge and belief, the data, facts, and
opinions set forth therein, are accurate, subject to the Statement of Assumptions and Lim-
iting Conditions that is also made a part of the report, and that the indicated Market Value
of the subject property, as of May 31,2012 is:
SIX HUNDRED TWENTY-SIX THOUSAND DOLLARS
$626,000
This appraisal has been made in conformity with the standards of professional
practice of the National Association of Realtors Appraisal Section. I appreciate your hav-
ing considered me for this assignment and trust that you find the report entirely satisfac-
tory.
Respectfully submitted,
Larry E. Foote
Pa. Certified General Appraiser
GA-000014-L
3
SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS
LOCATION: 80 West Burd Street
Shippensburg, Pennsylvania
TAX PARCEL NUMBER: 34-34-2415-013
OWNERSHIP: Kenneth L. Geesaman, Jr., Kenneth L. Geesaman, Sr., and
Nina J. Geesaman.
LAND SIZE: Approximately 1.154 acres.
ZONING: Cl, Commercial District.
FLOOD HAZARD DATA: The subject is located in a FEMA identified flood hazard
area Zone AE 100-year floor hazard area, according to map
#42041C0342E, dated March 16,2009.
PROPERTY RIGHTS: Fee simple interest.
SCOPE OF ASSIGNMENT: The scope of the assignment included an analysis of the
subject's area, an inspection of the subject property, an es-
timation of the property's highest and best use, considera-
tion of all three approaches to value, and the application of
those relevant to the valuation of the subject.
CLIENT: The estate of Kenneth L. Geesaman, Jr.
INTENDED USER: The estate of Kenneth L. Geesaman, Jr.
IMPROVEMENTS: One-story detached retail sales facility.
OBJECTIVE: To estimate the market value of the subject property as un-
encumbered.
USE OF THE APPRAISAL: To provide a market value estimate for use by the client in
settling the estate of Kenneth L. Geesaman, Jr.
EFFECTIVE DATE: May 31, 2012.
INSPECTION DATE: June 26, 2012.
HIGHEST AND BEST USE:Continued use as a retail sales facility.
4
192-S-7
?.i '/.r1%. Tax I.D.ff;
THIS DEED
MADE the 1st day of January,In the year of nineteen hundred and ninety-
eight(1998),BETWEEN,JOSIAH E.GEESAMAN,]R.,KENNETH L GEESAMAN,
JR., KENNETH L.GEESAMAN SR.,and NINA].GEESAMAN,his wife,of
Shippensburg,Pennsylvania,hereinafter referred to as the Grantors,AND,
KENNETH L.GEESAMAN,JR.,and KENNETH L GEESAMAN,SR.,and NINA]. m
GEESAMAN,husband and wife,of Shippensburg,Pennsylvania,hereinafter y
referred to as the Grantees,
u, .r
WITNESSE H,that in consideration of the sum of One($1.00)Dollar,In x
hand paid,the receipt whereof,Is hereby acknowledged,the said Grantors do 3 -
hereby grant and convey to the said Grantees,their heirs and assigns: o I°
S ,P
ALL that certain tract of land lying and being situate in the Borough of :-
Shippensburg,County of Cumberland,Pennsylvania,bounded and described as
follows:
BEGINNINGg at a concrete monument on the northern side of a public
alley running east and west between Senea Street and North Fayette Street,
which monument is North 57 degrees 45 minutes East, 174.0 feet,more or less,
from the eastern curb of North Fayette Street;thence along line of land formerly
of Charles R. McCune and wife,now or formerly of Josiah Geesaman,North 31
degrees 06 minutes West,299 feet to a concrete monument on the southern
side of West Burd Street;thence along West Burd Street,North 64 degrees 45
minutes East, 147.4 feet to a point In the centerline of Branch of Middle Spring
Creek;thence by the centerline of said Creek,South 38 degrees 05 minutes East,
281.8 feet to the northern side of the alley first mentioned above;thence by the
northern side of said alley,South 57 degrees 45 minutes West, 180.9 feet to the
concrete monument at the place of BEGINNING. CONTAINING 1.154 acres,
more or less.
THE above description was taken from a survey of John Howard
McClellan,dated July 31, 1962 and last revised on June 25, 1963.
BEING that same real estate that George W.Olinger and Mae E.Olinger,
husband and wife, by their deed dated Mav 12, 1989 and recorded in the Office
of the Recorder of Deeds in and for Cumberland County,Pennsylvania, in Deed
Book"Y",Volume 33 at page 153,conveyed to Josiah E.Geesaman,Jr.,Kenneth
L.Geesaman,Jr.,and Kenneth L.Geesaman,Sr.,and Nina J.Geesaman,his
Wife,are Grantors herein.
THIS IS A CON%'Ey JCr, FROM R1101TFRS In BROTHERS AND WIFE Ar4f1 IS
T,{UER)RE, TRANSFER TAX EXDTr.
eocc 167 face UIS
AND the said Grantors will. warrant specially the property
hereby conveyed. ,
IN WITNESS WHEREOF, the Grantors have hereunto set their hands
and seals the day and year first above written.
Sealed and delivered in the presence of: ,^y'
'r C. _ SEAL)
Wo. ah a semen, Jr Jr jj
ACKNOWLEDGEMENT
COMMONWEALTH OF PENNSYLVANIA:
:SS
COUNTY OF CUMBERLAND *j"IA y,r
On this 1' day of Decemb —1997X before me a notary
public, the underalgned officer, personally appeared, Josiah E.
Geesaman, Jr., known to me (or satisfactorily proven) to be the
persons whose names are subscribed to the foregoing instrument, and
acknowledged the foregoing .deed to be their act and deed and
desired to be recorded as such.
Witness m hand and official seal, the day and year.afgresAid-.
'suc Cae lair,.
NOTARIAL SEAL (.��
DAWN MARIE SNOOP,NOTARY PUBLIC otary Public
Shipernsburg.Cumberland County,PA My Commission Expir
My Commission Expires February 5,2IX:O "!!;.�i^.'f� -
I hereby certify that the Grantees precise address is:
Attorney far\ rantees
r/a W •,e-:t i�^� 1,( i . -141 yon
ffff -cam ,, c n+ it.!o(i.0o (�'1
1..59 Cniis:e,PA this�dayo
)Y
jC)oa42-,1S ST
THIS DEED
... __ .... MADE the �3 day of September in the year of our Lord one thousand
ni
::.. nine hundred nety,gne(199I);.:
BETWEEN -
C and C Associates, a partnership, having as partners, H. SCOTT
CARLING and BARBARA L. CARLING. his wife, of 44 Montgomery Avenue,
Shippensburg, PA, and MICHAEL J. CASSIDY and JULIE A. CASSIDY, his wife, of
R. D. 3, Shippensburg, PA
AND
KENNETH L. CEESAMAM, JR. end MICHAEL A. RHINEHART, of Shippensburg.
Cumberland County, Pennsylvania. -
WITNESSETH, that in conyiderstion of Fifty Three Thousand ($53,000.00)
Dollars, in hand paid, the receipt whereof is hereby acknowledged, the said
Grantors do hereby grant and convey to the said Grantees.
ALL that certain lot of ground with improvements erected thereon,
situate on the Strasburg Road, known as North Morris Street, in the Borough
j r.^ of Shippensburg• Cumberland, Pennsylvania, bounded and described ns
follows:
BE
BEGINNING at a stake at the corner of the Strasburg Road, also known I
as North Norris Street, end a public alley, known as Martin Avenue; thence
Sastwn[dly with the said public alley, Martin Avenue, one hundred
'`'�'•�''��` seven[ five (175) feet to a stoke et corner of land now or formerly of
�•: n Helen Squires; thence with said land now or formerly of Helen Squires,
Southwsrdly one hundred twenty (120) feet to a corner of other lend now or
formerly of Helen Squires: thence by other land now or formerly of Helen
Squires, and land now or formerly of Mary E. Frelin, Southwestwardly one
hundred twenty (120) feet Co the Strasburg Road, also known as North Morris
street; ehence with the said Strasburg Road, also known as North Morris
Street, Northwardly one hundred thirty-two (132) feet CO the place of
`uy L^•- Beginning. BEING known as 13 North Morris Street.
EXCEPTING HOWEVER, a parcel of the above described lot of land situate
on the Southeast side thereof, which was conveyed by Roy V. Mover and Edna
C. Mover, his wife, to John E. Mitchell and Clara E. Mitchell. his wife,
by their Deed dated September 11, 1945, and recorded in the Office of the
Recorder of Deeds of Cumberland County, Pennsylvania, in Deed Book 'N",
Volume 13, Page 530, the same being now the property of William Gardiner
and Martha Gardiner, his wife.
BEING the same real estate which Welter K. Smith and Marion E.
Smith, husband and wife, by deed dated December 18, 1984, and recorded
December 21, 1984, in Cumberland County Deed Book "A", Volume 31, Page
1005,grented and conveyed to G and C Associates, a partnership, having as
partners H. Scott Garling and Barbara L. Carling, his wife, and Michael J.
Cassidy and Julie A. Cassidy, his wife, Grantors herein.
�aox=35 ce 692
AND the said Grantors covenant and agree that they will warrant generally
the property hereby conveyed. '
IN WITNESS WHEREOF, said Crantors have hereunto sot their hands and seals
the day and year first above written.
Signed, sealed and delivered
in the presence of: C G C ASSOCIAaS
BY O (SEAL)
H. t[ Carling�
L1
otbere L. Car i
Ud'e �<�1 w lei
BY /A EAL)
ichael J. a.sidy
BY '. (SEAL)
• Li A. Cassidy
COMMONWEALTH OF PENNSYLVANIA:
SS
COUNTY OF CUMBERLAND
On D
On this, the l//'1 day of September. 1991, before me, the undersigned
officer, personally appeared H. Scott Carling and Barbara L. Carling• his
wife,and Michael J. Cassidy and Julie A. Cassidy, his wife, known to me (or
satisfactorily proven) to be the persons whose names are subscribed to the
within instrument. and acknowledge that they executed same for the purpose.
therein contained.
till .M�A.,4: .
\ 18ABy'v0
<=
IN WITNESS WHEREOF, 1 hereunto s¢[ my hand amt off icial ace:y\;
[«-u Notary Pub c y+""'a•'�,.
AtJ Cmmfcp.' F\tl I'1u •"••..�YY.r:F?t:tTj .
a.
I do hereby certify that the precise residence and complete pone OT ice
address of the within named Grantees is: 7. O r-- 76 3 •:5 f
Date: f 9/
Attorney for
• eooKZ35 PAtE 693
COMMONWEALTH OF PENNSYLVANIA: SS
COUNTY OF CUMBERLAND //�� : I
'1+' de of �`CJ1— A.D. 1991, in the
RECORDED on [his Y .,spa e �R.�.•
Recorder's Office of the the County, in Deed Boon Volume
data above J g�ritten.
`„T.•• •Given under my hand and the seal of he said office.
an
Ya�Frrii � '
I,Iwtr�fir.: ate.. /� r SO
Borough of
$Cho u.Cumb.Co.,Pa. Cumb.Co., %
�%Rear Egan,TrAnstarTez .1%Peal Eaters Transfer Tu 00
6 5 /�DcJ' 7AM
"-C6
Dam/ mt Dam
A-d,/ - Z
Camb.co.big. Comb.co Ie1.CaL AO Z/�,
" M
H
Oti ¢ Of
n<C-
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O
n •
600K�35 ante 694
t 7zSZ II yN�ouL.� A
it
3?730 THIS DEED j
fa J°c
MADE the day of blylpm 171 in the year of our Lord one
I thousand nine hundred ninety-throe (1997),
i BETWEEN
s
ii
KENNETH E. XOWFJ7, ails person, of 110 Airport Road, Shippensburg,
)� Pennsylvania, GRAMM
'I AND
j
KENNETH L. GEESAMAN, ]R., and MICHAEL R. RHINEHART, of P.O. Box 35;
II Shippensburg, Pennsylvania, GRANTERS
I� WITNESSE)N, that in con.ideration of Ninety-Five Thousand ($95,000.00)
�IDollars, in hand paid. the receipt whereof is hereby acknowledged, the said
Grantor does hereby grant and convey to the said Grantees,
I
ALL the following described reel estate known and numbered as 22-24
North Morrie Street, together with improvements thereon erected,
I� lying and being situate in the Bocoughtof Shippensburg, Franklin
County, Pennsylvania, boundedfand 'ie'rlbed as follows:
1 .. F,z I E
ON the East by MorrisZtxeet�'� dhe B:YLh (incorrectly referred to
e=k o-.
an North in prior deed) %1!dvo. 17 and a portion of Lot No. B in
f tl Block 3 on the-glanebf loci's!!lick ineEter referred to; on the Meat by
II` p lends IormeY�dE Rbert &c Nockeremith and Mabel E. Hockeramith,
•� n �I his wife, nor or former.r of Dean R. Burkholder and Carol A.
( m Burkholder,%is vile; on the North (incorrectly referred to as South
_ II fn a prior 4Vd75F3`y alley and by lends now or formerly of Helen M.
BEING Lots 18, 19 and 20 and pert of Lots 5, 6 and 7. Block 1 an e
7 'i plan of lots laid out by the West End Lend Company of Shippenaburg,
i ti I� a ;I and recorded in Franklin County Deed Book Volume 142, Page 24 (the
0 i� remaining portions of Lots 5, 6 and 7 having a frontage of
:?proximately ninety-six (96) feet and a depth of one hundred
O° Uv sixteen (116) feet, having been previously conveyed by separate deed
i vo o H dated October id, 1918, recorded in Franklin County Recorder of
S 6 C 9`1 0 tl. Deeds Office in Deed Book Volume 268, Page 497, and said portions of
fLots 5, 6 and 7 not being a part of this tract).
tI BEING the soma property
)I �hich June S.
wife and husband, by deedete4 March 11•,1 1988,1 ec Davies,
and recorded
in
II Franklin County Dead Book 1014, Page 107, granted and conveyed to
{I Kenneth E. Nowan, Grantor herein.
i
it AND the said Grantor eovamnu and agreae that he will warrant specially '
1, the property hereby conveyed.
�t
i
I
II
I! VOL 12081:+ $61
r,
1
I l /• 00200/.; . '
A o t DL T"@oealtad
/ D"do➢galutin�m 171)
..Jt��./.i5 Collaas
I hcrcby CERTIFY due this docum 1a
ncordcd in the RO OsUes Office of
Fr ntlin Coungq, PemuyivMIl '
•WIIWIW'H
y, ..
i•e! iY
,•:• David. DfD
p•.........% Remriin of Deeds
•II Y
i'I R
0
IN WITNESS WHEREOF, said Grantor has hereunto sat his hand and weal the ,
day and year first above written.
Signed, sealed and delivered )
in the presence of:
i
e
lennech E. Koren
5
{ C NWEALTH OF PENNSYLVANIA:
SEE
COUNTY OF CUMBERLAN�eiD/f� : '(�
On chic, the sA day of 1/•PC't:+'I�)>!O 1� 1993, before me, the
undersigned officer.
personally appealed Kenneth E. Moran, known [o me or
satisfactorily proven) to be the person chose none is subscribed to the richin
instrument, and acknowledged that he executed gene for the purposes therein
! 'cbnteined.
WITNESS WHEREOF, I hereunto met ny'shsnd and official reel.
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COMMONWEALTH OF YENXSYLVAXIA:
SS
.COUNTY OF FRANKLIN
II RECORDED an this day of a A.D.. 1993, in the
-Y IIRecorder's Office of Cho said County, in Dead Hoot volume , Page
Given under my hand and the meal of the said office, the date above written.
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REV-1503 Df+(e-u)
pennsylvania SCHEDULE B
OERMTMENT OF REVENUE
INHERITANCE TAX RETURN STOCKS & BONDS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
KENNETH L. GEESAMAN, JR.
All property jointly owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1' Beistle Company Stock
P Y 28,958.00
2 Orrstown Bank Stock 9,279.36
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TOTAL(Also enter on Une 2, Recapitulation) $ t 38,237.36
If more space is needed,insert additional sheets of the same size
REV-15N EX.(gn)
10 pennsylvania
SCHEDULE C
OEPARTMFMOF REVENUE CLOSELY-HELD CORPORATION,
INHERITANCE TAX RETURN PARTNERSHIP OR
RESIDENT DECEDENT
SOLE-PROPRIETORSHIP
ESTATE OF FILE NUMBER
KENNETH L. GEESAMAN, JR.
Schedule C-1 or C-2(including all supporting information)must be attached for each closely-held corporation/partnership interest of the decedent,
other than a sole-proprietorship. See instructions for the supporting Information to be submitted for sole-proprietorships.
ITEM NUMBER VALUE AT DATE
NUMBER DESCRIFrION OF DEATH
1. 129.7%ownership in McCune Lumber Company,Inc.,Shippensburg,Pennsylvania I 347,413.131
( �5 year average value for McCune Lumber Company,Inc.is$1,169,741.20 using asset
mi, nus liability valuation methods.—
See attached financial statements McCune Lumber for the 5 years from 2008 through 2012
TOTAL(Also enter on line 3, Recapitulation) $j 347,413.13
(If more space is needed,insert additional sheets of the same size)
REV-1505 EX+(11-11)
pennsytvania SCHEDULE C-1
DEPARTMENT OFREVENUE CLOSELY-HELD CORPORATE
INHERITANCE TAX RETURN STOCK INFORMATION REPORT
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
KENNETH L.GEESAMAN,JR.
1. Name of Corporation McCune Lumber Company, Inc State of Incorporation Pennsylvania
Address 80 West Burd Street Date of Incorporation 05/06/66
City Shippensburg State PA ZIP Code 17257 Total Number of Shareholders 4
2. Federal Employer ID Number Business Reporting Year 2012
3. Type of Business Retail Product/Service Hardware
4. '�. +_ TYPE "" - TOTAL NUMBER OF ."+* n"' `NUMBER OF SHARES "" VALUE OF THE *^`.
"STOCK - VotinglNon-Voting SHARES OUTSTANDING u PAR VALUE OWNED BY THE DECEDENT DECEDENTS STOCK
Common voting 33,625 $10.00 10,000 $ 100000
Preferred $
Provide all rights and restrictions pretaining to each class of stock.
5. Was the decedent employed by the corporation? ..... .. . . . . .. . ... . .. .. .. ... . ... .. . ®Yes 0 No
If yes, Position President Annual Salary $ Time Devoted to Business fulltime
6. Was the corporation indebted to the decedent? .. .. . . .. .. .. .. .. . .. .. .. .. . .. .... .. . 0 Yes 0 No
If yes,provide amount of indebtedness$
7. Was there life insurance payable to the corporation upon the death of the decedent? . .. .. 0 Yes ® No
If yes,Cash Surrender Value$ Net proceeds payable$
Owner of the policy
8. Did the decedent sell or transfer stock in this company within one year prior to death or within two years
if the date of death was prior to 12-31-82?
0 Yes 0 No If yes, 0 Transfer 0 Sale Number of Shares -
Transferee or Purchaser Consideration$ Date
Attach a separate sheet for additional transfers and/or sales.
9. Was there a written shareholder's agreement in effect at the time of the decedent's death? ....0 Yes 0 No
If yes, provide a copy of the agreement. -
10.Was the decedent's stock sold? ..................................................... 0 Yes 0 No
If yes,provide a copy of the agreement of sale,etc.
11. Was the corporation dissolved or liquidated after the decedent's death? .................... 0 Yes ® No
If yes,provide a breakdown of distributions received by the estate,including dates and amounts received.
12.Did the corporation have an interest in other corporations or partnerships? .. .. .... .. ... 0 Yes ® No
If yes, report the necessary information on a separate sheet, including a Schedule C-1 or C-2 for each interest.
THE FOLLOWING INFORMATION
A. Detailed calculations used in the valuation of the decedent's stock.
B. Complete copies of financial statements or federal corporate income tax returns(Form 1120)for the year of death and four preceding years.
C. If the corporation owned real estate,submit a list showing the complete address/es and estimated fair market value/s.If real estate appraisals have
been secured,attach copies.
D. List of principal stockholders at the date of death,number of shares held and their relationships to the decedent.
E. List of officers,their salaries,bonuses and any other benefits received from the corporation.
F. Statement of dividends paid each year.List those declared and unpaid.
G. Any other information relating to the valuation of the decedent's stock.
(If more space is needed,insert additional sheets of the same size.)
As of May 31, 2012, the Officers and Stockholders of record for McCune Lumber
Company, Inc. were as follows:
President Kenneth L. Geesaman, Jr. 10,000 shares 29.7% ownership
Vice President Kenneth L. Geesaman, Sr. ' 8,000 shares 23.8% ownership
Sec./Treasurer Sandra J. Geesaman 8,000 shares 23.8% ownership
Nina J. Geesaman 7,625 shares 22.7% ownership
Totals 33,625 shares 100.00%
McCUNE - LUMBER COMPANY, INC .
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?3 FINANCIAL STATEMENTS
YEARS ENDED DECEMBER 31,2012 AND 2011 s
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ALBR.IGHT Certified
CRUMBACKER Pullic
MOUL I B"Ouusintartts ness
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& ITELL Consultants
Accountants' Compilation Report .
Stockholders and Board of Directors
McCune Lumber Company, Inc.
Shippensburg,Pennsylvania
We have compiled the accompanying statements of assets, liabilities and stockholders' equity - income tax basis
of McCune Lumber Company, Inc. as of December 31, 2012 and 2011, and the related statements of
revenues, expenses and retained earnings - income tar basis for the years then ended. We have not audited or
reviewed the accompanying financial statements and, accordingly, do not express an opinion or provide any
assurance about whether the financial statements are in accordance with the income tax basis of accounting.
Management is responsible for the preparation and fair presentation of the financial statements in accordance with
the income tax basis of accounting and for designing, implementing, and maintaining internal control relevant to
the preparation and fair presentation of the financial statements.
Our responsibility is to conduct the compilation in accordance with Statements on Standards for Accounting and
Review Services issued by the American Institute of Certified Public Accountants. The objective of a
compilation is to assist management in presenting financial information in the form of financial statements
without undertaking to obtain or provide any assurance that there are no material modifications that should be
made to the financial statements.
Management has elected to omit substantially all of the disclosures ordinarily included in financial statements
prepared in accordance with the income tax basis of accounting. If the omitted disclosures were included in the
financial statements, they might influence the user's conclusions about the Company's assets, liabilities, equity,
revenues and expenses. Accordingly, these financial statements are not designed for those who are not informed
about such matters.
I
We are not independent with respect to McCune Lumber Company, Inc.
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gffi ight Crumbacker 911oul c� Iteff LLC
Hagerstown,Maryland
May 29,2013
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December 31, 2012 2011
Assets
I Current assets
9 Cash $ 18,334 $ 3,343
Accounts receivable
Trade 549,105 606,982
Employee 2,087 656
Rebates 69,888 72,870
Other 67,979 67,979
Inventory 1,077,675 1,166,667
Prepaid income taxes 17,182 9,940
Prepaid expenses 23,496 34,438
Total current assets 1,825,746 1,962,875
Property, plant and equipment -
Land 96,719 96,719
Buildings 511,605 511,605
Office furniture and fixtures 204,532 213,057
Transportation equipment 788,376 788,376
Leasehold improvements 55,903 55,903
1,657,135 1,665,660
Less accumulated depreciation (1,326,151) (1,325,245)
330,984 340,415
Other assets 8,968 7,484
$ 2,165,698 $ 2,310,774
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McCune Lumber Company, Inc.
Statements of Assets, Liabilities and Equity - Income Tax Basis
December 31, 2012 2011
Liabilities and Stockholders' Equity
Current liabilities
Note payable-lines of credit $ 436,295 $ 426,535
Current maturities of long-term liabilities 25,758 25,242
Accounts payable-officers 9,893 8,949
Accounts payable-other 5,000 5,000
Accounts payable 380,837 362,024
Accrued liabilities
Pennsylvania sales tax 11,046 11,406
Payroll taxes and deductions 4,081 6,209
Payroll 8,585 4,062
Retirement plan 19,358 22,926
Interest 936 938
Total current liabilities 901,789 873,291
Long-term liabilities
Loan payable-officer 16,909 31,874
Note payable-related party 152,011 177,119
168,920 208,993
Stockholders' equity
Common stock,par value$10; 75,000 shares
authorized; 33,625 shares issued and
outstanding 336,250 336,250
Retained earnings 758,739 892,240
1,094,989 1,228,490
$ 2,165,698 $' 2,310,774
See accountants'compilation report. 2
McCune Lumber Company, Inc.
Statements of Revenues, Expenses and Retained Earnings -Income Tax Basis -
I
i
Years ended December 31, 2012 2011
Sales (net of discounts and allowances
of$13,494 and $15,469, respectively) $ 5,764,122 100.0 $ 5,714,110 100.0
Cost of sales
Freight 2,550 - - -
Purchases 4,388,337 76.1 4,090,537 71.6
Payroll 347,603 6.0 344,006 6.0
Payroll taxes 27,808 0.5 27,520 0.5
4,766,298 82.7 4,462,063 78.1
Gross profit 997,824 17.3 1,252,047 21.9
Operating expenses
Officers' salaries 245,000 4.3 315,000 5.5
Office salaries 299,739 5.2 272,926 4.8
Advertising 38,290 0.7 52,403 0.9
Automobile expense 79,530 1.4 89,337 1.6
Bad debts 1,661
Bank and credit card charges 27,726 0.5 26,221 0.5
Business expenses 2,744 - 5,794 0.1
Contributions 200
Depreciation 12,279 0.2 10,416 0.2
Dues 2,315 - 5,854 0.1
Employee benefits 2,004
Insurance 200,856 3.5 204,110 3.6
Lease expense 18,000 0.3 12,000 0.2
Legal and accounting 23,098 0.4 14,840 0.3
Meals and entertainment 1,115 1,419
I Medical 566 - 562 -
Office supplies 31,111 0.5 33,500 0.6
Payroll taxes 48,126 0.8 49,734 0.9
(Balance carried forward) $ 1,032,356 17.8 $ 1,096,120 19.3
See accountants'compilation report. 3
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McCune Lumber C 6mpany, Inc.
Statements of Revenues, Expenses and Retained Earnings - ncome Tax Basis
E
Years ended December 31, 2012 2011
f
} (Balance brought forward) $ 1,032,356 17.8 $ 1,096,120 19.3
Retirement plan contributions 21,008 0.4 23,766 0.4
Repairs and maintenance 13,520 0.2 31,224 0.5
Shop supplies 651 667
r Taxes and licenses 28,168 0.5 31,644 0.6
;'- Telephone 6,991 0.1 8,080 0.1
Utilities 24,248 0.4 26,364 0.5
Yard expense - 233 -
1,126,942 19.4 1,218,098 21.4
Operating income(loss) (129,118) (2.1) 33,949 0.5
Other income (expense)
Rental income 18,025 0.3 18,660 0.3
Finance charges 25,346 0.4 25,919 0.5
Interest expense (26,154) (0.5) (27,867) (0.5)
s
17,217 0.2 16,712 0.3
Income (loss) before income taxes (111,901) (1.9) 50,661 0.8
Provision for income taxes 12,768 0.2
Net income (loss) (111,901) (1.9) 37,893 0.6
Retained earnings -beginning 892,240 874,347
Less purchase of treasury stock (21,600) (20,000)
Retained earnings -ending $ 758,739 $ 892,240
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_ McCune Lumber Company;.inc : `
Schedule of Historical Results of Operations - Income Tax Basis
Percentages . '
= I
Years ended December 31, 2010 2009 2008
G.
Sales 100.00% 100.00% 100.00%
Cost of sales
Freight 0.02°/ 0.00% 0.000.
Purchase 74.08% 70.65% 70.82%
Payroll 6.03% 6.62% 6.08%
_ Payroll nixes 0.48% 0.53% 0.46%
c 80.61% 77.80% 77.36%
Gross profit 19.39% 2210% 22.64016
Other operating Income
Rental 0.25% 0.32% 0.16%
'r Bad debt recovery 0.00% 0.00% 0.00%
Finance charges 0.44% 0.58% 0.72%
insurance proceeds 3.18% 0.00% 0.00%
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3.87% 0.90% 0.88%
General and administrative expenses
= Officers'solaria 5.91% 6.13% 6.42%
!T Office salaries 4.47% 4.16% 4.11%
in Advertising 0.90% 0.99% 0.83%
Amortization 0.00% 0.00% 0.00%
Automobile gas and oil 1.06% 0.98% 112%
_ Bad debt 0.00% 0.00% 0.00%
Bank and credit card charges 0.36% 0.41% 0.35
Business expense 0.06% 0.07% 0.06%
Commissions 0.00% 0.00°. 0.00%
Contributions 0.00% 0.03% 0.00%
Depreciation 0.26% 0.13% 1.03%
_ - Dues 0.15% 0.14% 0.19%
Insurunce 3.35% 3.58% 2.87%
Interest 0.56% 0.42% 0.35%
_ Lease expense 0.42% 0.43% 0.38%
Legal and accounting 0.34% 0.400/6 0.33%
Meals and entertainment 0.03% 0.05% 0.04%
Medical 0.01% 0.00% 0.00%
Miscellaneous 0.00% 0.00% 0.00%
Office supplies 0.41% 0.60% 0.65%
Payroll taxes 0:82% 0.73% 0.81%
Pension expense 0.00% 0.00% 0.00%
Retirement plan contributions 0.46% 0.471/6 0.43%
-- Repairs and maintenance 1.01% 0.41% 0.35%
Shop supplies 0.02% 0.02% 0.02%
�_. Taxes and license 0.56% 0.53% 0.42%
Telephone 0.16% 0.14% 0.13%
-- Utilities 0.50% 0.59% 0.64%
21.82% 21.47% 21.63%
Operating income 1.44% -1.63% 189%
I Provision for Income taxes 0.41% 0.500'° 0.65%
Net income 1.03% 1.14% 1.23%
See accormtamt'compilation report.
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Ye=ended December 31. 2010 2009 2008
Assets -
Current assets
Cash and cash equivalents $ 7,725 S 39,391 S 88,350
A=ounts receivable
Trade 641,576 440,220 642,159
Employees 781 1,464 2,154
Other 126,801 115,497 41,083
Inventory 1,258,364 1,200,640 1,211,890
Prepaid expenses 59,548 22,044 56,755 .
Prepaid'mcome taxis 4,793 13,601 -
Total Current assess 2,099,588 1832,857 2,042,391
Property and equipment(at cast) -
Land 96,719 . 45,664 22,156
Buildings 511,605 511,605 37US9
IE Office fumiewc and fixtures ..213,057 207,079 206,027
i Transportation equipment 777,599 777,599 777,599 i
Leasehold improvements 55,903 55,903 55,903
0
II 1,664,883 1,597,850 1,440,074 '
y Less accumulated depreciation (1,314,829) (1300.070) (11292106) _
� Net property and equipment 340,054 247,7$0 147,368
Other assets
' Loan origiaauon(net ofaccumufated amotti7atioa) - - -
' Nonmarketabie corporate stock(at cost) 6,000 6.000 6,000
ICI 6,000 6,000 6,000
5 2,445,642 S 2,136,637 S 2,195,759
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McCune Lumber Company., nc-.
Schedule of Historical Assets, Liabilities, and Equity - Income Tax Basis"
z
Years ended December 31, 2010 2009 2008
Liabilities and Stockholders'Equity
Current Ilahilitles
r-U Line of credit $ 446,775 S 350,000 S 325,000
Cmmnt maturities of long-term liabilities 24,315 30,517 51,653
Accounts payable-officers _ 26,300 37,000 53,000
p`- Accounts payable-other 5,000 5,000 -
C-' Accounts payable 389,165 156,269 165,410
Accrued liabilities
y-' Corporate faze - 1,927
s - Pennsylvania sales tax 23,586 19,208 23.349
-S ; Payroll taxes and deductions 12,910 23,793 39,464
Payroll 22.129 31,810 35,096
Retirement plan" 26,666 26,688 27,073
eY_ Interest 934 547 687
Total current liabilities 977,780 680,832 722,659
rA�
Long-term debt "
Notes payable.I=c rr ent maturities - - -
Note payable-related party 202,361 204,489 235,006
Loan payable-ofbcer 54,904" 76,430 98,350
257,265 280,919 333,356
Stockholders'equity
Common stock 336,250 336,250 336,250
Retained earnings 874,347 838,636 803,494
Total stockholders'equity 1,210,597 1.174,886 1,139.744
$ 2,445,642 S 2,136,637 5 2.195,759
See arm.t.&compilation report.
McCune Lumber Company, Inc.
Schedule of Historical Results of Operations - Income.Tax:Basis i
;Dollars I
Years ended December 31, 2010 2009 2008
- ' Sales $ 5,770,289 S 5,628,644 S 6,310,902
Cost of sates
Freight 913 - -
Purchases 4,274,584 3,976,513 4,469,119
Payroll 348,001 372,682 383,504
N. Payroll taxes 27,840 29,815 29,338
4,6S1,338 4,379,010 4,881,961
Gross profit 1,118,951 1,249,634 1,428,941
` Other operating Income
Rental 14,600 18,125 10,100
Bad debt meavery - - -
Finance charges 25,414 32,703 45,130
Insumnce proceeds 183,465
223,479 50,828 55130
General and administrative expenses
Officers'salaries 341,000 345,000 405,000
Office salaries 257,971 234,058 259,298 i
_ Advertising 52,085 55,883 52,530
Amortization - - -
Automobile gas and oil 60,926 55,219 76,959
=- Bad debts - - -
Bank and credit cud charges 20,886 23,065 22,053
Business expenses 3,732 3,899 3,938
Commissions 195 - -
Contributions - 1,900 50
Depreciation 14,759 7,364 64,873
Dues - 8,820 7,919 12,036
Insurance 193,449 201,725 180,909
- - interest 32,037 23,815 21,855
Lease expense 24,000 24,000 24,000
Legal and accounting 19,400 22,600 21,075
- - Meals and entertainment 1,984 2,567 2,450
-= Medical 532 56 247
Miscellaneous 121 161 31
_ Office supplies 23,696 33,569 41,297
_ Payroll taxes 47,566 43,863 51,039
Pension expense - - -
Retirement plan contributions 26,666 26,688 27,073
Repairs and maintenance 58,050 23,115 21,797
_ Shop supplies 1,053 957 1,073
Taxes and licenses 32,139 29,936 26,629
Telephone 9,169 8,129 8,322 i
-- Utilities 28,860 32,956 40.599
-- 1,259,096 1.208,444 1.365,133 i
Operating income 83,334 92,018 119,038 {
Provision for income taxes 23,623 28,076 4l 106 1 r Not income 5 59,711 S 63,942 S 77,932
See atcmmrams'mmpilmion report.
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CRUMBACKER Pubcic
Accountants
MOUL & Bu.sin.ess
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301.739.5300
Fax 301.739.5332
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301 West Burke Street
Martinsburg,WV 25401 it
304.264.2004
Fax 304.264.2005
www.albrightcpa.com '
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REV-1508 EX+(o9-u)
12 pennsylvania SCHEDULE E
DEPARTMENT OF REVENUE CASH, BANK DEPOSITS & MISC.
INHEMANCE TAX RETURN PERSONAL PROPERTY
RESIDENT DECEDENT
ESTATE OF: FILE NUMBER:
KENNETH L. GEESAMAN, JR.
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
- -- - ..( Y ��w w
_ 1. 19931 1500 pick-up truck Kell Blue Book 1,700.00
Miscellaneous personal effects 1,000.001 it
TOTAL(Also enter on Line 5, Recapitulation) $
If more space is needed,use additional sheets of paper of the same size.
REV-1511 EX+(10-09)
�pennsylvania SCHEDULE H
DEPARTMENT OF REVENUE FUNERAL EXPENSES AND
INHERITANCE TAX RETURN ADMINISTRATIVE COSTS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
KENNETH L. GEESAMAN, JR.
Decedent's debts must be reported on Schedule I.
REM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL_EXPENSES:
1' Fogelsanger Bricker Funeral Home —y ; 12,318.36
R F-
a. ADMINISTRATIVE COSTS: +
1. Personal Representative Commissions:
Name(s)of Personal Representatives)
Street Address
City State_21P
Year(s)Commission Paid:
5,500
2. Attorney Fees: .00
3. Family Exemption:(If decedent's address is not the same as claimant's,attach explanation.) 3,500.00
Claimant Andrea J. Geesaman
Street Address 272 Chestnut Drive
City Shippensburg stare PA ZIP 17257
Relationship of Claimant to Decedent Wife
4. Probate Fees: 840.50
5. Accountant Fees: 0.00
6. Tax Return Preparer Fees: 0.00
7• Estate Publication in Cumberland Law Journal �1 7570
18-1 Estate Publication in Shippensburg News Chronicle _ 88.25
La ry E.Foote,Appraiser for appraisal of 80 W.Surd Street property —J 600.00
tD Recorder of Deeds for recording fee for Satisfaction Piece for 80 W.Surd Street property_
Ell t. Recorder of Deeds for recording fee for Deed for 80 W.Surd Street property 62.00
12. Recorder of Deeds for recording fee for Mortgage for 80 W.Surd Street property 64.00
TOTAL(Also enter on Line 9, Recapitulation) $ 23,098.61
If more space is needed,use additional sheets of paper of the same size.
REV-1512 EX+(12-12)
W pennsylvania SCHEDULE I
DEPARTMENT OF REVENUE DEBTS OF DE CEDENTr
RESIDENT DECEDENT MORTGAGE- MORTGAGE LIABILITIES & LIENS
RFSIDEM DEfEDENi
ESTATE OF FILE NUMBER
KENNETH L. GEESAMAN, JR.
Report debts incurred by the decedent prior to death that remained unpaid at the date of death,including unreimbursed medical expenses.
ITEM - VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. Debt for money borrowed from Kenneth L.Geesaman,Sr. 32,500.00
---
( 21 McCune Lumber Account Nos.837 and 4188 24,072.20
�Capital One Credit Card Account#55231808 0205 2198 ; . 9 350.00
u Bank of America Credit Card Account#4313072999448387 4,162.00
�11 77 74
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n 6IShippensburg EMS "
7 j Capital One Credit Card(Act.#55231808 0205'2198)payment made prior to settlement of account 3-92 0
e.! Bank of America Credit Card(Act.#4313072999448387)payment made prior to settlement of account 89.00
I
TOTAL(Also enter on tine 10, Recapitulation) $ 72,954.54
If more space is needed,insert additional sheets of the same size.
REV-1513 EX+(01-10)
pennsylvania SCHEDULE
DEPARTMENT OF REVENUE
INHERITANCE TAX RETURN BENEFICIARIES
RESIDENT DECEOENT
ESTATE OF: FILE NUMBER:
KENNETH L. GEESAMAN, JR
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF RRSON(S)RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE
I TAXABLE DISTRIBUTIONS(Indude outright spousal distributions and transfers under
Sec.9116(a)(1.2).]
1. jAndrea J.Geesaman,272 Chestnut Drive,Shippensburg,PA :Wife 59.575%
21 ]Zachary U.Geesaman,272 Chestnut Drive,Shippensburg,PA Son(lineal) � 13.475%
3 Bennett P.Geesaman,272 Chestnut Drive,Shippensburg,PA Son(lineal) 13.475%
174 (Rachae� l A.Geesaman,272 Chestnut Drive,Shippensburg,PA i 'Daughter(lineal) -- ! 13.475%
L A
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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:
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B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS:
1.
i
0 - ---- ---- - -� `-__ N
TOTAL OF PART R—ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $
If more space is needed,use additional sheets of paper of the same size.
LAST WILL AND TESTAMENT
KNOW ALL MEN BY THESE PRESENTS, that I, KENNETH L. GEESAMAN,
JR., of Pennsylvania being of sound and disposing mind, memory and
understanding, do make, publish and declare this my Last Will and Testament
hereby revoking all prior wills and codicils by me at any time heretofore made.
FIRST: I direct the payment of all my legal debts, funeral expenses
including my grave marker and all expenses of my last illness, state, federal
estate and inheritance taxes and administration costs shall be paid as soon as
may be conveniently done following my decease leaving all specific bequests free
of tax to the legatee.
SECOND: I give and bequeath to my sons and daughter, Zachary U.
Geesaman and Bennett P. Geesaman and Rachael A. Geesaman if they are over
the age of twenty five (25) years, all my stock in McCune Lumber Company. If
they have not attained the age of twenty five (25) years, then I give and
bequeath the McCune Lumber Company stock to Kenneth L. Geesaman, Sr. as
trustee for my sons and daughter, to keep the same for them in trust until they
attain the age of twenty five (25) years at which time all interest in the said
stock shall be given to them. I further direct that my said trustee allow my sons
and daughter after they attain the age of 18 years to allow them all voting rights
in the said stock. I further give and bequeath to my sons all my sports
memorabolia.
THIRD: I give and bequeath to my son, Zachary U: Geesaman the
pocket watch that belonged to grandfather Joseph Brown.
FOURTH: I give, devise and bequeath the rest and residue of my estate,
be it real, mixed or personal property to my wife, Andrea J. Geesaman.
FIFTH: If my wife should predecease me or if we should die in a common
disaster, then in either of those said events, I give and bequeath the rest and
residue of my estate, be it real, mixed or personal, to my children, in equal
shares, share and share alike, per stirpes.
SIXTH: If any of the beneficiaries under this my Last Will and Testament
are under the age of twenty five (25) years, hereinafter called minors, then in
that event, I give, devise and bequeath said minors share to Lucinda Varner, as
Trustee of my estate to invest and reinvest the same during the minority of the
said child with the following powers in addition to those currently given under
law:
a. The power to use the income from the said minor's share for the
support, health, maintenance and education of the said minor.
b. The power to use the principal if the income should prove
insufficient for the support, health, maintenance and education of the
said minor.
c. I direct that my Trustee may distribute to any minor when they attain
the age of 16 years the sum of $10,000.00 to purchase an automobile.
d. I direct that my Trustee pay to the minor when they attain the age of
twenty one years but prior to the date when they attain the age of
twenty five years any monies requested by the minor in an amount
which does not exceed the minor's prior years income.
e. The power to distribute to the said minor the share of the then
remaining principal and income upon the attainment of the age of
Twenty Five (25) years, upon a good and valid release without the
necessity of an adjudication by the Orphan's Court.
SEVENTH: If my wife should predecease me or if we should die in a
common disaster, then in either of those said events, I hereby nominate and
appoint, Lucinda Varner as the guardian of any minor children.
EIGHTH: I nominate and appoint my wife, Andrea J. Geesaman, as the
Executrix of this my Last Will and Testament. If she should fail to serve or be
unable to serve, then in either of those said events, I nominate and appoint,
Lucinda Varner as the Executrix of this my Last Will and Testament.
IN WITNESS WHEREOF, I, KENNETH L. GEESAMAN, JR., to this my Last
Will and Testament set my hand and official seal, this ST day of
1JL'C. 2004—
a_�/ (SEAL)
Kenneth L. Geesaman, Jr.
Sworn to and subscribed, declared and
Published by Kenneth L. Geesaman, Jr., as
His Last Will and Testament, and so
Done in the presence of we the
Witnesses, who sign at his request,
And in his presence and in the presence
Of each other.
r
COMMONWEALTH OF PENNSYLVANIA:
:SS
COUNTY OF CUMBERLAND
I, Kenneth L. Geesaman, Jr., whose name is signed to the foregoing
instrument, having been duly qualified according to law, do hereby acknowledge
that I signed it willingly; and that I signed it as my free and voluntary act for the
purpose therein expressed.
Kenneth L. Geesaman, Jr.
Sworn to and acknowledged, before me,
By Kenneth L. Geesam n, Jr., the Testator,
This P'7 day of V2G, 2004.
Notary Pu6lic
N mrial Seal
H. Anthony Adams, Nomry Public
Shippensburg Boro, Cumberland County
My Commission Expires May 15, 2006
Member,PennsylvaniaAss0clallonof Notaries
COMMONWEALTH OF PENNSYLVANIA:
:SS
COUNTY OF CUMBERLAND
WE, Darlene M. Bigler and Sharon Coleman Adams, the witnesses whose
names are signed to the foregoing instrument, being duly qualified according to
law, do depose and say that we saw the Testator sign and execute the
instrument as his Last Will and Testament; that he signed willingly and that he
executed it as his free and voluntary act for the purposes therein expressed; that
each of us in the hearing and sight of the Testator signed the Will as witnesses,
and that to the best of our knowledge and belief the Testator was at-the time at
least eighteen (18) or more years of age and of sound mind and under no
constraint or undue influence. }
Sworn to and subscribed before me by,
Darlene M. Bigler and Sharon Coleman Adams,
The witnesses, this day of tcctkW004.
Notary Public
1 public
.. NAaISNatM'
g, Anftliy Boro Cumberland County
Sbiy¢ ammi�ssion Expires May 15, 2fl4
M. atronotrtotanes
Membe r.P ennsywania AsauCi