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HomeMy WebLinkAbout07-29-14 1 � J 1505610105 REV-1500 EX (Fu OFFICIAL USE ONLY PA Department of Revenue Pennsylvania Bureau of Individual Taxes County Code Year File Number PO BOX 28o6o1 INHERITANCE TAX RETURN nn III Harrisburg,PA 19128-0601 RESIDENT DECEDENT d I ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY 10/30/2013 11/17/1942 Decedent's Last Name Suffix Decedent's First Name MI Powell Linda M (If Applicable)Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW CMD 1.Original Return O 2.Supplemental Return O 3. Remainder Return(Date of Death Prior to 12-13-82) O 4.Limited Estate O 4a. Future Interest Compromise(date of O 5. Federal Estate Tax Return Required death after 12-12-82) C@D 6. Decedent Died Testate O 7. Decedent Maintained a Living Trust 0 B. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust.) O 9.Litigation Proceeds Received O 10. Spousal Poverty Credit(Date of Death O 11. Election to Tax under Sec.9113(A) Between 12-31-91 and 1-1-95) (Attach Schedule O) CORRESPONDENT- THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number Michael A. Scherer, Esq. (717)249-6873 REGISTER OF WILLS USE ONLY n C� First Line of Address C` Baric Scherer LLC ;T:c7 r~= C,-) Second Line of Address n i.0 _0 r 19 West South Street C--) C`) �� CD City or Post Office State ZIP Code DA7E,BILED _ .�...� Carlisle PA 17013 rs rn Corr ondent's_e_ mail address: mscherer @baricscherer.conn ntler enalties o perjury, ar I have examined this return,including accompanying schedules and statements,and to the best of my knowledge and belief, is a e,correct d comp) e. claration of pre ,other than the personal representative is based on all information of which preparer has any knowledge. U E ERL0 R F G RETURN DATE AVE N,ADD S Kri n H. Swab/ 1 Derbyshire Drive, Carlisle, PA 17015 SI E P DATE I` ,y ,fHER THAN REPRESENTATIVE A Michael A. Scherer, Esq. / 19 West South Street, Carlisle, PA 17013 PLEASE USE ORIGINAL FORM ONLY Side 1 L 1505610105 1505610105 J J1505610205 REV-1500 EX(Fl) Decedent's Social Security Number Decedent's Name: Linda M. Powell RECAPITULATION 1. Real Estate(Schedule A). . .... .. .. . . ..... .. . . .. .. ... . . . ... .... . . ... . . 1. 429,322.00 2. Stocks and Bonds(Schedule B) .. . . . .... .. .. . . ....... . . .. .. .... . . ... .. 2. 314,647.59 3. Closely Held Corporation, Partnership or Sole-Proprietorship(Schedule C) . . . .. 3. 0.00 4. Mortgages and Notes Receivable(Schedule D) . ....... . . .. .. . .. . . . . .. .. .. 4. 0.00 5. Cash,Bank Deposits and Miscellaneous Personal Property(Schedule E). . . .. .. 5. 148,88037 6. Jointly Owned Property(Schedule F) O Separate Billing Requested ... . . .. 6. 0.00 7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property (Schedule G) O Separate Billing Requested.. .. . ... 7. 82,578.23 8. Total Gross Assets total Lines 1 through 7 8. 975,428.59 9. Funeral Expenses and Administrative Costs(Schedule H). . ... . ... . . .. .. . . .. 9. 15,801.34 10. Debts of Decedent,Mortgage Liabilities and Liens(Schedule 1). ... .. .. .. . . ... 10. 0.00 11. Total Deductions(total Lines 9 and 10)... .. . . ....... . . . ... ... . .. . .. .. .. 11. 15,801.34 12, Net Value of Estate(Line 8 minus Line 11) . .. . . .. .. . . ... .. . . .. .. . . ..... . 12. 959,627.25 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. 959,627.25 TAX CALCULATION-SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate,or transfers under Sec. 9116 (a)(1.2)X.0 15. 16. Amount of Line 14 taxable at lineal rate x.0 45 959,627.25 16. 43,183.23 17. Amount of Line 14 taxable at sibling rate X.12 17. 18. Amount of Line 14 taxable at collateral rate X.15 18. 19. TAX DUE . . . .. 19. 43,183.23 .. .. .. .. . .. .. . . .. ...... . . . .. .. .. .. ... . . . ..... .. . . ... 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT O Side 2 L 1505610205 1505610205 J REV-1500 EX(FI) Page 3 File Number Decedent's Complete Address: DECEDENTS NAME Linda M. Powell STREETADDRESS 15 Derbyshire Drive CITY STATE ZIP Carlisle PA 17015 Tax Payments and Credits: 1. Tax Due(Page 2,Line 19) (1) 43,183.23 2. Credits/Payments A.Prior Payments 40,600.00 B.Discount 2,030.00 Total Credits(A+B) (2) 42,630.00 3. Interest (3) 0.00 4. If Line 2 is greater than Line 1 +Line 3,enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2,Line 20 to request a refund. (4) 5. If Line 1 +Line 3 is greater than Line 2,enter the difference.This is the TAX DUE. (5) 553.23 Make check payable to: REGISTER OF WILLS, AGENT. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred.......................................................................................... ❑ b. retain the right to designate who shall use the property transferred or its income ............................................ ❑ c. retain a reversionary interest.............................................................................................................................. ❑ d. receive the promise for life of either payments,benefits or care?...................................................................... ❑ 2. If death occurred after Dec.12,1982,did decedent transfer property within one year of death without receiving adequate consideration?.............................................................................................................. ❑ m 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)].The statute does not exempt a transfer to a surviving spouse from tax,and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1,2000: • The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent, an adoptive parent or a stepparent of the child is 0 percent[72 P.S.§9116(a)(1.2)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent,except as noted in[72 P.S.§9116(a)(1)]. • The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent[72 P.S.§9116(a)(1.3)].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) pennsylvania SCHEDULE A DEPARTMENT OF REVENUE INHERITANCE TAX RETURN REAL ESTATE RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Linda M. Powell 21.13.1171 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 X15 Derbyshire Drive,Carlisle,Pennsylvania 17015 429,322.00; Parcel No.:40-09-0533-055 Assessed value$442,600.00 x Cumberland County common level ratio 0.97=$429,322.00 i a _.... _ I °Tr^t3� r TOTAL(Also enter on Line 1, Recapitulation.) $�� 429,322.00 If more space Is needed,use additional sheets of paper of the same size. REV-1503 a-(8-12) pennsylvania SCHEDULE B �s7 OEPARTMENTOFREWWE INHERITANCE TAX RETURN STOCKS & BONDS RESIDENT DECEDENT ESTATE OF FILE NUMBER Linda M. Powell 21.13.1171 All property jointly owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. M 8 T Securities Mutual Fund,Acct.#AZD730307 30,916.33 3073.194 shares @$10.06 1per share 2 M 8 T Securities Brokerage Account,Acct.#AZ0727915 167,517.64 ........................I....I... ,..........see attached sheet*,,,,.,.......`*................. «,....». 3 Prudential Alliance,Acct.#4351003144688 116,213.62 TOTAL(Also enter on Line 2, Recapitulation) $ 314,647.59 If more space is needed,insert additional sheets of the same size REV-1508 EX+(o&- ) pennsylvania SCHEDULE E C�7 DEPARTMENT OF REVENUE CASH, BANK DEPOSITS & MISC. INHERITANCE TAX RETURN PERSONAL PROPERTY RESIDENT DECEDENT ESTATE OF: FILE NUMBER: Linda M. Powell 21-13-1171 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. ISM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. 2001 Buick Century 3,500.00 2. personal property;appraised value 2,140.00 3. M&T Bank;checking account;Acct.#9840896360 132,854.17 4. Metro Bank;checking account;Acct.#32062655 10,386.60 TOTAL (Also enter on Line 5, Recapitulation) $ 148,880.77 If more space is needed, use additional sheets of paper of the same size. REV-1510 EX+(08-09) pennsylvania SCHEDULE G �.1E7 DEPARTMENT OF REVENUE INTER-VIVOS TRANSFERS AND INHERITANCE TAX TURN RESIDENT DECEDENT EDENT MISC. NON-PROBATE PROPERTY ESTATE OF FILE NUMBER Estate of Linda M. Powell 21.13.1171 This schedule must be completed and filed If the answer to any of questions 1 through 4 on page three of the REV-1500 is yes. ITEM DESCRIPTION OF PROPERTY IN E THE WE OF THE TWSfEREE,MIR RRATIDNSNIn TO DECEDEM WD DATE OF DEATH % DECD'S EXCLUSION TAXABLE NUMBER THE DATE Of TRANSFER.ATIACN A M of THE DEED FOR RcA Enna. VALUE OF ASSET INTEREST vFWUCAFRU I VALUE 1. M 8 T Securities Brokerage Account,Acct.#AZR362353 82,578.23 100 0.00 82,578.23 «.....».„.............see attached sheet...».......,..«..,................. .. TOTAL(Also enter on Line 7, Recapitulation) $ 82,578.23 If more space is needed,use additional sheets of paper of the same size. REV-151} EX+ (08-13) -JMIL- pennsytvania SCHEDULE H DEPARTMENT OF REVENUE FUNERAL EXPENSES AND INHERITANCE TAX RETURN ADMINISTRATIVE COSTS RESIDENT DECEDENT ESTATE OF FILE NUMBER Linda M. Powell 21-13-1171 Decedent's debts must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Hollinger Funeral Home&Crematory, Inc. 3,415.16 B. ADMINISTRATIVE COSTS: 1. Personal Representative Commissions: Name(s)of Personal Representative(s) Street Address City State ZIP Year(s)Commission Paid: 2. Attorney Fees: 7,500.00 3. Family Exemption: (If decedent's address is not the same as claimant's,attach explanation.) 3,500.00 Claimant Kristin Swab Street address 15 Derbyshire Drive City Carlisle State PA zip 17015 Relationship of Claimant to Decedent daughter 4. Probate Fees: 448.50 5. Accountant Fees: 6. Tax Return Preparer Fees: 630.00 7 The Sentinel: legal advertising 157.68 a. Cumberland Law Journal: legal advertising 75.00 e. Michael Cease;auctioneer;personal property 75.00 TOTAL(Also enter on Line 9, Recapitulation) $ 15,801.34 If more space is needed, use additional sheets of paper of the same size. REV-1513 EX+(01-10) �pennsylvania SCHEDULE 7 DEPARTMENT OF REVENUE INHERrTANCE TAX RETURN BENEFICIARIES RESIDEW DECEDENT ESTATE OF: FILE NUMBER: Linda M. Powell 21-13-1171 RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S)RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE 1 TAXABLE DISTRIBUTIONS[Include outright spousal distributions and transfers under Sec.9116(a)(1.2).] 1. Kristin Swab daughter 846,132.69 15 Derbyshire Drive Carlisle, Pennsylvania 17015 2. Mary Mancini step-daughter 82,578.23 1106 Laurel Avenue Camp Hill, Pennsylvania 17011 3. Kara Mancini step-granddaughter 30,916.33 1106 Laurel Avenue Camp Hill,Pennsylvania 17011 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET,AS APPROPRIATE. 11 NON-TAXABLE DISTRIBUTIONS A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN: 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS: 1. TOTAL OF PART 11 - 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. Prudential Alliance Account Services The Prudential Insurance Company of America %� prudential PO Box 41582 Philadelphia, PA 19176 Tel 1-877-255-4262 www.prudential.com Michael A Scherer, Esq 19 West South St Carlisle PA 17013 February 12, 2014 Re: Estate of Linda Powell/xxxxxx4688 Dear Michael A Scherer, The date of death balance for the above listed Prudential Alliance Account is: $ 116,213.62 as of the Date of Death, 10/30/13. $ 286.18 accrued interest, as of the Date of Death, 10/30/13 The above referenced account was titled solely in the name of Linda M Powell. If you have any questions, please contact us at our toll-free number, 1-877-255-4262,Monday through Friday, 8:00 AM to 8:00 PM (EST). Sincerely, Prudential Alliance Account a Open Solutions Inc. is the Service Provider of the Prudential Alliance Account Settlement Option, a contractual obligation of The Prudential Insurance Company of America, located at 751 Broad Street, Newark, NJ 07102-3777. Draft clearing is provided by UMB Bank, N.A. and processing support is provided by First Data Payment Services (FDPS). Alliance Account balances are not insured by the Federal Deposit Insurance Corporation (FDIC). Open Solutions Inc., UMB Bank, N.A., and First Data Payment Services are not Prudential Financial companies. e _ ..n i e - ��� _..� �� ....ro...a.... LM M&T Secuddes,Inc. 285 Delaware Avenue,Suite 2000, Buffalo, NY 14202-1885 January 2,2014 LINDA M POWELL TOD DTD 10/28/2010 15 DERBYSHIRE DRIVE CARLISLE PA 17015-9260 Re: Date of Death Valuation To Whom It May Concern, Enclosed you will find the date of death valuation for account AZD730307, registered as, LINDA M POWELL, TOD DTD 10/28/2010. This information is obtained from sources believed to be reliable, but no independent verification has been made and M&T Securities does not guarantee the accuracy. The prices per share on the valuation date differ for each security. Stocks are priced per share based on the low,high and close. Mutual funds are priced per share at NAV. Fixed income is priced at the bid. Previous business day price is used if DOD falls on a weekend or holiday. Please note if the client held an annuity position at the time of death then the valuation should be obtained by the carrier. If you have additional questions regarding this information you can contact the Client Solutions desk at (800) 724-7788, option#1. Sincerely, � LIJL/ Brandon Miller Brokerage Operations Specialist M&T Securities Inc. 4WD Investment and Insurance Products:•Are NOT Deposits•Are NOT FDIC-Insured Are NOT Insured By Any Federal Government Agency•Have NO Bank Guarantee•May Go Down In Value Brokerage services and insurance products are offered by M&T Securities,Inc.(member FINRA/SIPC),not by M&T Bank. M&T Securities,Inc.is licensed as an insurance agent and acts as agent for insurers.Insurance policies are obligations of the insurers that issue the policies. Insurance products may not be available in all states. M&T Securities,Inc. 285 Delaware Avenue,Suite 2000, Buffalo,NY 14202-1885 Date of Death Holdings as of 10130/2013 Account:AZD730307 Symbol Security Name Quantity Closing Price Market Value MUTUALFUND FRPAX FRANKLIN PENN TAX FREE INCOME FUND 3073194 $ 10.06 $ 30,91633 �l I Investment and insurance Products: Are NOT Deposits•Are NOT FDIC-insured i3 Are NOT Insured By Any Federal Government Agency-Have NO Bank Guarantee•May Go Down In value J Brokerage services and insurance products are offered by M&T Securities,Inc,(member FINRA/SIPC),not by M&T Bank. M&T Securities,Inc,is licensed as an insurance agent and acts as agent for insurers.insurance policies are obligations of the insurers that issue the policies. Insurance products may net be available m all states. APPRAISAL REPORT OF PERSONAL PROPERTY 15 DERBYSHIRE DRIVE ESTATE OF LINDA M. POWELL For MIKE SCHERER 19 W. South Street Carlisle,PA 17013 AS OF: MAY 2. 2014 BY MICHAEL D. CEASE AUCTIONEER&APPRAISER 568 E OLD YORK ROAD BOILING SPRINGS PA 17007 717 245-9876 APPRAISAL CERTIFICATE I hereby certify,that,upon request for valuation of the contents of the property located at 15 Derbyshire Drive,the estate of Linda M. Powell,for Mike Scherer, 19 W South Street, Carlisle,PA, 17013. I have personally and physically inspected the content of the property for the purpose of appraising and reporting the FAIR MARKET VALUE,AS OF MAY 8,2014. Date of inspection being May 2,2014. The information and values contained in this report are based upon my experience as an auctioneer and appraiser, and other reliable sources. The contents of the property were found to be in GOOD to FAIR condition. Values are reported as a whole. All values reported have been determined with consideration to condition of item,market conditions and salability factors. APPRAISAL SUMMARY It is in my opinion, that, as of May 8.2014,the FAIR MARKET VALUE of the estate as a whole is: Value of the contents of 15 Derbyshire Drive, Carlisle $2,140.00 TOTAL $ 2,140.00 Two-thousand, one-hundred and forty dollars and zero cents. This is not the appraisal report. The report must be read in its entirety. 2 DEFINITIONS AS USED IN THIS REPORT APPRAISAL An opinion or estimate of value based upon relevant and factual data,as of a given date,and is usually written. VALUE Present worth of future benefits. FAIR MARKET VALUE A dollar figure(determined by historical data and current market conditions)at which the property would change hands between a willing buyer and willing seller,neither being under compulsion to buy nor the compulsion to sell and both having reasonable knowledge of relevant facts of the property. VALUATION DATE - MAY 8,2014 INSPECTION DATE— MAY 2,2014 MARKET CONDITIONS Market prices of household goods have declined within the past 5 years. Regionally,market prices also reflect decline. Locally,market prices have also declined 3 ASSUMPTIONS AND LIMITING CONDITIONS FAIR MARKET VALUE The tens "Fair Market Value"as used in this report is defined as follows: The highest price estimated in terms of money which the property will bring in a competitive and open market under all conditions requisite of a fair sale,with the buyer and seller each acting prudently and knowledgeably,and assuming the price is not affected by undue stimulus. This appraisal is based upon the following assumptions,limitations and conditions. 1. The information contained in this report is gathered from sources considered reliable and from personal examination and research of authenticity and that comparable sales and/or auction prices were available and dependable. 2. No responsibility is assumed for matters legal in nature, including but not limited to: representation of others of value,authenticity,condition, or provenance of an item appraised. 3. The appraiser assumes that a normal and careful examination of the property was sufficient to determine its quality and condition and that no extraordinary examination procedures would be utilized unless specifically requested and the expenditure of funds therefore authorized. 4. Court attendance—The appraiser's court attendance and giving of expert testimony are not included as port of this report THE UNDERSIGNED HEREBY CERTIFIES: 1. Appraiser has no interest now, heretofore,or contemplated in the future in the property covered by this appraisal. 2. That,to the best of my knowledge and belief all statements and information included in this appraisal are true and based upon my objective findings and that no pertinent information has been knowingly withheld or deleted in this report. 3. That neither the employment to make this appraisal nor compensation for doing so is contingent upon the value of the property. Even though it is the firm belief of the appraiser that the information furnished in this appraisal report and the conclusions drawn from this information are true and correct, they are not guaranteed. RESPECTFULLY SUBMITTED MICHAEL D.CEASE AUCTIONEER.@ APPRAISER 5 STATEMENT OF QUALIFICATIONS MICHAEL D. CEASE,AUCTIONEER& APPRAISER • LICENSES Licensed and bonded Auctioneer, State of Pennsylvania. • EDUCATION B.S. in Business Administration, Penn State University, University Park, Pennsylvania. • PROFESSIONAL DESIGNATION STUDIES Board Certified Appraiser of Personal Property from the Institute of Appraisal of Personal Property. • PROFESSIONAL ACCOMPLISHMENTS Auctioneer for over eleven years Owner and operator of antique and collectible business"Expired's Lastchance Antiques &Collectibles"for over fourteen years. • PRESENTLY Conduct on site estate, farm and consignment auctions throughout Cumberland, York,Adams, Dauphin,Perry counties. Perform personal property appraisals and analysis for estate,liquidations, and insurance purposes. SIGNED, MICHAEL D.CEASE 6 APPRAISAL CERTIFICATE I hereby certify,that,upon request for valuation of the contents of the property located at 15 Derbyshire Drive, Carlisle, PA 17015 for the estate of Linda M Powell. I have personally and physically inspected the estate for the purpose of appraising and reporting the FAIR MARKET VALUE,AS OF May 2,2014 date of inspection. The information and values contained in this report are based upon my experience as an auctioneer and appraiser,and other reliable sources. The contents of the property at 15 Derbyshire Drive,Carlisle,PA 17015 was found to be in good to fair condition. The value report is based upon the items in the current condition. All values reported have been determined with consideration to condition of item,market conditions, and salability factors. APPRAISAL SUMMARY It is in my opinion,that,AS OF May 8,2014,the ESTIMATED VALUE of the contents of the property at 15 Derbyshire Drive, Carlisle, PA 17015,the Estate of Linda M.Powell. is Two-thousand,One-hundred and forty dollars. ($2,140.00) Signed, MICHAEL D CEASE APPRAISER&AUCTIONEER This appraisal is based upon the following assumptions,limitations and conditions. 1. The information contained in this report is gathered from sources considered reliable and from personal examination and research of authenticity and that comparable sales and/or auction prices were available and dependable. 2. No responsibility is assumed for matters legal in nature,including but not limited to: representation of others of value,authenticity, condition,or provenance of an item appraised. 3. The appraiser assumes that a normal and careful examination of the property was sufficient to determine its quality and condition and that no extraordinary examination procedures would be utilized unless specifically requested and the expenditure of fund therefore authorized. 4. Court attendance-The appraiser's court attendance and giving of expert testimony are not included as part of this report. THE UNDERSIGNED HEREBY CERTIFIES: I, Appraiser has no interest now,heretofore,or contemplated in the future in the Property covered by this appraisal. 2. That,to the best of my knowledge and belief all statements and information including in this appraisal are true and based upon my objective findings and that no pertinent information has been knowingly withheld or deleted from this report. 3. That neither the employment to make this appraisal nor compensation for doing so is contingent upon the value of the property. Even though it is the firm belief of the appraiser that the information famished in this appraisal report and the conclusions drawn from this information are true and correct, they are not guaranteed. RESPECTIVELY SUBMITTED MICHAEL D CEASE APPRAISER&AUCTIONEER Appraisal 5/2/2014 Value Personal Property of Linda M Powell Estate 15 Derbyshire Drive, Carlisle PA Appraised By Mike Cease Sofa Table $ 40.00 Lamps $ 20.00 Leather Sofa $ 45.00 Marble Top Dresser $ 125.00 2 Oval Marble top stand $ 35.00 Sofa $ 25.00 Arm Chair $ 10.00 Ladder Back Chair $ 5.00 Maple Desk $ 45.00 Rocking chair $ 20.00 End Stands $ 30.00 Ethan Allen 5-pc Dinette Set $ 425.00 4 Ladder Back Hitchcock style Chairs $ 65.00 4 Piece Wicker Patio set $ 125.00 Marble Top Stand $ 10.00 Cane Rocker $ 15.00 5 Piece Cherry Bedroom Suite $ 450.00 3 Piece Pa House Bedroom Suite $ 325.00 Mist:Chairs $ 25.00 Stickley Stand $ 125.00 Maple dropleaf desk $ 175.00 Total $ 2,140.00 MICHAEL D. CEASE AUCTIONEER&APPRAISER 568 E OLD YORK ROAD BOILING SPRINGS PA 17007 717 245-9876 STATEMENT MAY S.2014 Linda M Powell Estate 15 Derbyshire Drive Carlisle PA 17015 — APRRAISAL FEE $75.00 Personal Property of Linda M Powell.Estate, 15 Derbyshire Drive, Carlisle PA THANK YOU! Signed MICHAEL D. CEASE AUCTIONEER&APPRAISER © M&TBank 499 Mitchell Road,Millsboro,DE 19966 Adjustment Services Phone 886-502-4349 F ax (302)934-2955 November 21,2013 Baric, Scherer LLC Attorneys at Law 19 West South Street Carlisle,PA 17013 Re: Estate of Linda M. Powell Social Security: 161-34-4016 Date of Death: October 30, 2013 Dear Sir or Madam: Per your inquiry on November 6, 2013, please be advised that at the time of death, the above-named decedent had on deposit with this bank the following: 1. Type of A ccount Checking Account Account Number 9840896360 Ownership(Names ol) Linda M Powell Kristin Swab(POA) Opening Date 1010112010 Balance on Date ofDeath $ 132,853.13 Accrued Interest $ 1.06 Total — --------------------------------- $132,854.l9 For any additional information on the above accounts,including ownership and any changes,closures and/or reimbursement of funds, please call the Stonchedge at 717-2404524. We were unable to locate any safe deposit box for the above-mentioned decedent. This letter does not include any accounts in which the decrosed may have been listed as Power of Attorney,Custodian or Uniform Transfers, Representative Payee,or Trustee under a Written Agreement Sincerely, Valarie Mercer Adjustment Services } �S@'On 0 t I METRO BANK Harrisburg,tr g PA17111 m$mg trobag k.com 11/16/13 Michael A. Scherer Baric, Scherer Attorneys At Law , LLC 19 West South St. Carlisle, PA 17013 RE: Estate of: Linda M. Powell Tax Identification Number: 161-34-4016 Date of Death: October 30, 2013 To Whom It May Concern: This letter is in reference to decedent account information you requested for the individual listed above. We are able to provide the following: Account Type: CK Account Number: 32062655 Date Opened: 04/24/1996 Date Closed: 11/7/2013 Primary Owner: Linda M. Powell Date of Death Balance: $10,386.60 Please feel free to contact us at 1-888-937-0004 if we may be of further assistance. Sincerely, Jennifer Jacobs Research Associate Metro Bank M&T Securities,Inc. 285 Delaware Avenue,Suite 2000,Buffalo, NY 14202 May 21, 2014 Michael Scherer 19 West South St. Carlisle, PA 17013 Re: Date of Death Valuation To Whom It May Concern, Enclosed you will find the date of death valuation for account AZD727915, registered as, LINDA M POWELL TOD DTD 12/09/2011. This information is obtained from sources believed to be reliable, but no independent verification has been made and M&T Securities does not guarantee the accuracy. The prices per share on the valuation date differ for each security. Stocks are priced per share based on the low, high and close. Mutual funds are priced per share at NAV. Fixed income is priced at the bid. Previous business day price is used if DOD falls on a weekend or holiday. Please note if the client held an annuity position at the time of death then the valuation should be obtained by the carrier. If you have additional questions regarding this information you can contact the Client Solutions desk at (800)724-7788, option #1. Sincerely Brandon Miller Brokerage Investment Specialist M&T Securities Inc. Investment and Insurance Products:•Are NOT Deposits•Are NOT FDIC-insured Are NOT Insured By Any Federal Government Agency•Have NO Bank Guarantee•May Go Down In Value Brokerage services and insurance products are offered by M&T securities,Inc.(member FINRA/SIPC),not by M&T Bank. M&T Securities.Inc.is licensed as an insurance agent and acts as agent for insurers.Insurance policies are obligations of the insurers that issue the policies. Insurance products may not be available in all states. M&T Securities,Inc. 285 Delaware Avenue,Suite 2000, Buffalo,NY 14202 Date of Death Holdings as of 10/30/2013 Account : AZD727915 Symbol Security Name I Quantity Historical Price Market value Cash and Equivalents MAII IWILMINGTON PRIME MMKT SELECT 1 79,683.790 $ 1.00 $ 79,683.79 Equities High:$14.29 Low:$14.15 BAC BANK AMER CORP COM 200 Close: $14.17 $ 2,834.00 High:$28.65 Low:$27.77 CHK CHESAPEAKE ENERGY CORP 200 Close: $28.15 $ 5,630.00 High:$73.05 Low:$71.98 DUK DUKE ENERGY CORP NEW COM NEW 133 Close: $72.01 $ 9,577.33 High:$4.49 Low: $4.40 Close: FTR FRONTIER COMMUNICATIONS CORP 48 $4.42 $ 212.16 High: $81.86 KINDER MORGAN ENERGY PARTNERS L P Low:$80.75 KMP UNIT 100 Close: $81.03 $ 8,103.00 High:$55.93 Low:$55.22 KRFT KRAFT FOODS GROUP INC COM 33 Close:$55.44 $ 1,829.52 High:$22.58 Low: $21.41 METR METRO BANCORP INC PA COM 92 Close:$21.77 $ 2,002.84 High:$35.79 Low:$35.43 MSFT MICROSOFT CORP COM 400 Close:$35.54 $ 14,216.00 High: $34.10 Low:$33.65 MDLZ IMONDELEZ INTL INC CL A 100 Close:$33.83 $ 3,383.00 High:$7.76 Low: $7.56 Close: NICK NOKIA CORP SPONSORED ADR 200 $7.62 $ 1,524.00 High:$31.28 Low:$30.80 PFE PFIZER INC COM 400 Close: $30.93 $ 12,372.00 High:$90.66 Low:$89.31 PM PHILIP MORRIS INTL INC COM 100 Close:$89.34 $ 8,934.00 High:$35.95 Low:$35.38 SE SPECTRA ENERGY CORP COM 200 Close:$35.55 $ 7,110.00 High:$51.40 Low:$50.39 VZ VERIZON COMMUNICATIONS INC 200 Close: $50.53 1 $ 10,106.00 TOTAL I $ 167 617.64 Investment and Insurance Products:-Are NOT Deposits-Are NOT FDIC-Insured Are NOT Insured By Any Federal Government Agency•Have NO Bank Guarantee•May Go Down In Value Brokerage services and insurance products are offered by M&T Securities,Inc.(member FINRA/SIPC(,not by M&T Bank. M&T Securities,Inc.is licensed as an insurance agent and acts as agent for insurers.Insurance policies are obligations of the insurers that Issue the policies. Insurance products may not be available in all states. T M&T Securities,Inc. 285 Delaware Avenue,Suite 2000, Buffalo,NY 14202-1885 January 2, 2014 IRA FBO LINDA M POWELL M&T BANK AS CUSTODIAN 15 DERBYSHIRE DRIVE CARLISLE PA 17015-9260 Re: Date of Death Valuation To Whom It May Concern, Enclosed you will find the date of death valuation for account AZR362353, registered as, IRA FBO LINDA M POWELL. This information is obtained from sources believed to be reliable, but no independent verification has been made and M&T Securities does not guarantee the accuracy. The prices per share on the valuation date differ for each security. Stocks are priced per share based on the low, high and close. Mutual funds are priced per share at NAV. Fixed income is priced at the bid. Previous business day price is used if DOD falls on a weekend or holiday. Please note if the client held an annuity position at the time of death then the valuation should be obtained by the carrier. If you have additional questions regarding this information you can contact the Client Solutions desk at (800)724-7788, option 41. Sincerely, —1 Brandon Miller Brokerage Operations Specialist M&T Securities Inc. Investment and Insurance Products:•Are NOT Deposits•Are NOT FDIC-Insured Are NOT Insured By Any Federal Government Agency•Have NO Bank Guarantee•May Go Down In Value Brokerage services and insurance products are offered by M&T Securities,Inc.(member FINRA/SIPC),not by M&T Bank. M&T Securities,Inc.is licensed as an insurance agent and acts as agent for insurers.Insurance policies are obligations of the insurers that issue the policies. Insurance products may not be available in all states. D M&T Securities,Inc. 285 Delaware Avenue,Suite 2000, Buffalo,NY 14202-1885 Date of Death Holdings as of 10/30/2013 Account:AZR362363 Closing Symbol Security Name Quantity Price Market Value CASH MAII WILMINGTON PRIME MMKT SERV SHS 19385.05 $1.00 $ 19,385.05 Historical Prices EQUITIES High:$83.14 Low: $81.93 BG BUNGE LIMITED SHS 100.00 Close: $82.23 $ 8,223.00 High: $11.65 Low: $11.26 DSX DIANA SHIPPING INC COM 300.00 Close:$11.30 $ 3,390.00 High:$4.18 Low: $4.08 DCIX IDIANIA CONTAINERSHIPS INC SHS 9.00 Close: $4.16 $ 37.44 High: $2.83 Low:$2.71 DRYS DRYSHIPS INC COM SHS 100.00 Close:$2.72 $ 272.00 High: $14.32 Law: $14.01 ACAS AMERICAN CAPITAL LTD COM 254.00 Close:$14.08 $ 3,576.32 High:$17.60 Low: $17.44 ARCC JARES CAP CORP COM 97.00 Close: $17.44 $ 1,691.68 High: $14.29 Low:$14.15 BAC BANK AMER CORP COM 200.00 Close:$14.17 $ 2,834.00 High:$63.13 DIAMOND OFFSHORE DRILLING INC Low: $62.43 DO COM 100.00 Close: $62.73 $ 6,273.00 High:$4.49 Low: $4.40 FTR FRONTIER COMMUNICATIONS CORP 72.00 Close: $4.43 1 $ 318.96 High: $47.22 Low: $46.31 MOS MOSAIC CO NEW COM 100.00 Close:$46.68 $ 4,668.00 High:$12.93 Low: $12.71 SSLT SESA STERLITE LTD SPONSORED ADR 300.00 Close:$12.74 $ 3,822.00 High:$28.98 Low: $28.09 SCCO SOUTHERN COPPER CORP DEL COM 303.00 Close: $28.26 $ 8,562.78 ­No Market Price(Non 885218800 THORNBURG MTG INC COM NEW 30.00 Traded)*** $ High:$51.40 Low: $50.39 VZ VERIZON COMMUNICATIONS INC 300 Close:$50.53 $ 15,159.00 High:$14.56 Low: $14.11 VIP VIMPELCOM LTD SPONSORED ADR 300 Close: $14.55 $ 4,365.00 TOTAL i 1 1 S 82 678.23 Investment and Insurance Products:•Are NOT Deposits•Are NOT FDIC-Insured Are NOT Insured By Any Federal Government Agency•Have NO Bank Guarantee•May Go Down In Value Brokerage services and insurance products are offered by M&T Securities,Inc.(member FINRA/SIPC),not by M&T Bank. M&T Securities,Inc.is licensed as an insurance agent and acts as agent for insurers.Insurance policies are obligations of the insurers that issue the policies. Insurance products may not be available in all states. hollingerfunera I(daol.com . ill FAX(717) 486-3415 (717)486-3433 rlop Mir 11� Hollinger Funeral Home &Crematory. Inc. c`' Eric L.Hollinger,Supervisor 501 NORTH BALTIMORE AVENUE ^ MOUNT HOLLY SPRINGS, PENNSYLVANIA 17065 www.hollingerfuneralhome.com term Home & Crematory, Inc. is L.Hollinger,Supervisor November 7,2013 Kristin Swab 15 Derbyshire Dr. Carlisle, PA 17015 The Graveside Funeral Service for Linda M. Powell: We sincerely appreciate the confidence you have placed in us and will continue to assist you in every way we can. Please feel free to contact us if you have any questions in regard to this statement. THE FOLLOWING IS AN ITEMIZED STATEMENT OF THE SERVICES, FACILITIES,AUTOMOTIVE EQUIPMENT, AND MERCHANDISE THAT YOU SELECTED WHEN MAKING THE FUNERAL ARRANGEMENTS, Professional Service-Cremation Package B $ 2595.00 Merchandise—Memorial Folders 50.00 AT THE TIME FUNERAL ARRANGEMENTS WERE MADE,WE ADVANCED CERTAIN PAYMENTS TO OTHERS AS AN ACCOMMODATION. THE FOLLOWING IS AN ACCOUNTING FOR THOSE CHARGES. Cash Advances: Death Certificates(20 X 6.00) 120.00 Death Certificates(5 X 9.00) 45.00 Cumberland County Coroner Fee 30.00 Sentinel N/C Patriot 245.66 Clergy 100.00 Flowers(Wreath) 79.50 Engraving niche 150.00 Total Charges 7$3415.16 1_ I _ \\ 501 NORTH BALTIMORE AVENUE • MOUNT HOLLY SPRINGS, PENNSYLVANIA 17065 • (717)486-3433 • FAX(717)486-3\5 . I www.hollingerfuneralhome.com OF LINDA M. POWELL I, Linda M. Powell, of Carlisle, Cumberland County, Pennsylvania, do hereby declare this to be my Last Will and Testament and hereby revoke all Wills and Codicils previously made by me. ITEM ONE: I direct that all my legally enforceable debts, funeral expenses, testamentary expenses and all death taxes (whether such taxes be payable by my estate or by any recipient of any property) shall be paid from my residuary estate as soon as practicable after my decease and as part of the administration of my estate. SQ My executor shall have no duty or obligation to obtain reimbursement for any such tax so paid, even though on proceeds of insurance or other property not passing under this Will. ITEM TWO: I give and bequeath such of my personal property as may be listed on a signed and dated memorandum kept with my Will to the persons named thereon, provided they survive my death. Should such a memorandum not be found with my Will, it shall be conclusively presumed that none was prepared, and all of my personal property shall pass according to the remaining provisions of this Will. ITEM THREE: I give, devise and bequeath my entire estate of whatever nature and wherever situate to my daughter, Kristin H. Swab, provided she survives me by sixty (60) days. In the event Kristin predeceases me or fails to survive me by sixty J days, my estate shall be divided into two equals shares, with one share going to the Salvation Army, to be used by the Carlisle, Pennsylvania Chapter for its general uses and purposes, and the second share shall be given to Project Share, of Carlisle, Pennsylvania, to be used for its general uses and purposes. ITEM FOUR: While in the hands of my fiduciaries, neither the principal nor the income of my estate or any trust created hereunder shall be liable for the debts of any beneficiary hereunder, nor shall the same be subject to seizure or attachment by any creditor of any beneficiary under any writ or proceeding at law or in equity, and no beneficiary hereunder shall have any power to sell, assign, encumber or in any manner to anticipate or dispose of his or her interest in the trust estate or in the income produced thereby. ITEM FIVE: I direct that no Executor or other fiduciary named, nominated, or appointed by this my Last Will and Testament shall be required to post any bond or give any security of any type for any purpose whatsoever, any law or rule of the court of the J\ Commonwealth of Pennsylvania or any other jurisdiction to the contrary notwithstanding. I direct that the law of the Commonwealth of Pennsylvania shall apply V to any interpretation or application of the validity of this instrument. ITEM SIX: My Executor shall have the following powers in addition to those vested in them by law and by other provisions of this Will, applicable to all property, real, personal or mixed and wheresoever situate, including property held for minors, whether principal or income, exercisable without court approval, and effective, with respect to each item of said property until actual distribution thereof. A) To retain, as investments of my estate or trust, any or all assets of my estate, real, personal, or mixed, without regard to any principal of diversification, J and to purchase and acquire real or personal property and to hold any or all of such real and personal property retained or acquired without making the same productive of income. B) To pay all taxes, charges and expenses of maintenance, upkeep, improvements, development, protection, preservation and investment of any retained or acquired real or personal property, such payments to be made from either principal or income as my Executor shall determine. C) To retain or invest any and all funds, whether principal or income, in any real or personal property without restriction to legal investments; to purchase investments at premiums; to exercise all rights of a security holder or share holder in any corporation; and to lease, mortgage, pledge, give options upon or sell at public or private sale and without approval of any court, any real or personal property, or portion or portions thereof, irrespective of the manner or the means by which the same was acquired by my said Executor. D) To make payment or distribution herein.provided for in cash, kind or partly in cash and partly in kind, at valuations fixed by my Executor at the time of distribution. ITEM SEVEN: Any and all payment or payments of any sum or sums, whether in cash or in kind and whether for principal or income, payable to an heir, or any of them, shall be made upon the sole receipt of the respective individual to whom the payment is made, and free from anticipation, alienation, assignment, attachment, and pledge, and free from control by the creditors of any such beneficiary. ITEM EIGHT: I appoint my daughter, Kristin H. Swab, Executrix of this my Last Will and Testament. In the event my daughter, Kristin, is unable or unwilling to serve as my Executor for any reason, I appoint my attorney, Michael A. Scherer, Esquire, alternate executor of this my Last Will and Testament. IN WITNESS WHEREOF, I have hereunto set my hand and seal to this, my Last Will and Testament, consisting of five (5) typewritten pages, the first three (3) of which bear my signature in the margin for the purpose of identification, on this the day ofo,�,1nb12 2011. Linda M. Powell Signed, sealed, published and declared by the above named testatrix, Linda M. Powell, as and for her Last Will and Testament, in the presence of us, who, at her request, in her sight and presence, and in the sight and presence of each other, have hereunto subscribed our names as witnesses. / ADDRESS 50 �w� �2 �45 { s �e� S�'n(�_d /} JZ°-) 6CADRESS'A5 gjOWVI jMI jjA- j& PA 17A41 COMMONWEALTH OF PENNSYLVANIA SS. COUNTY OF CUMBERLAND'nA _" I: We, Linda M. Powell, i1V11� u'll t�Q,h�¢�and PA , the testatrix and the witnesses, respectively, whose names are signed to the attached or foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the testatrix signed and executed the instrument of her Last Will and Testament, and that she signed willingly and that she executed as her free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the testatrix, signed the Will as witnesses, and that to the best of their knowledge, the testatrix was at the time eighteen (18) years of age or older, of sound mind and under no constraint or undue influence. Sworn to and subscribed before me this the //° day of , 2011. COMMONWEALTH OF PENNSYLVANIA Ndarlal S Jennifer S.LkMsay.Piotary Public Carlisle Born,Cumba7ard County My CanmSsion E74,,v,�z Nov.29,2011 Member,Pennsylvania%ssocat;on of Notarlas