Loading...
HomeMy WebLinkAbout05-01-15 REV-1500 Ex(01-10) 1505610143 OFFICIAL USE ONLY PA Department of Revenue pennsylvania County code Year File Number Bureau of Individual Taxes DEPARTMENT OF REVENUE PO BOx.280601 INHERITANCE TAX RETURN 21 14 0841 Harrisburg, PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death - t i Date of Birth 08 18 2014 09 18 1930 Decedent's Last Name Suffix Decedent's First Name MI GIBB FRANCES 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 x❑ 1. Original Return 2. Supplemental Return 3. Remainder Return(date of death prior to 12-13-82) ❑ 4. Limited Estate 4a. Future Interest Compromise5. Federal Estate Tax Return Required (date of death after 12-12-82) 6 Decedent Died TestateDecedent Maintained a Living Trust 8Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) . ae e P 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) El (Attach Sch.0) CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number BRADLEY L GRIFFIE 717 243 5551rri , REGISTER OF#III;IL USE ONLY f•T'► n First line of address ... _ r t rel d r7 200 N HANOVER STREET c" Second line of address - c C�) City or Post Office State ZIP Code DATv E FICLD C► i CARLISLE PA 17013 Correspondent's e-mail address: bgriffie@griffielaw.Com Under penalties of perjury,I declare that 1 have examined this return,including accompanying schedules and statements,and to the best of my knowledge and belief, it is true,correct and complete.Decla ation of preparer other than the personal representative is based on all information of which preparer has any knowledge. S NATURE OF ERSON/RE�SPO I E P0 F ING RETURN DATE W Joseph W. Gibb DRESS 6790 Carlisle Road, Dover, PA 17315 SIGN4R THAN REPRESENTATIVE DATE Bradley L. Griffie A DRES 2N. Hanover Street, Carlisle, PA Side 1 L 1505610143 1505610143 J 1505610243 REV-1500 EX Decedent's Social Security Number Decedent's Name: Gibb, Frances Marie RECAPITULATION 1. Real Estate(Schedule A)....................................................................................... 1. 2. Stocks and Bonds(Schedule B)............................................................................. 2. 3. Closely Held Corporation, Partnership or Sole-Proprietorship(Schedule C)......... 3. 4. Mortgages&Notes Receivable(Schedule D)...............................:........................ 4- 5. Cash,Bank Deposits&Miscellaneous Personal Property(Schedule E)............... 5. 7 , 018 . 93 6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested............ 6. 5 , 422 . 44 7. Inter-Vivos Transfers&Miscellaneous NtProbate Property (Schedule G) Separate Billing Requested............ 7. 35 , 537 . 57 8. Total Gross Assets(total Lines 1-7)..................................................................... 8. 47 , 978 . 94 9. Funeral Expenses&Administrative Costs(Schedule H)....................................... 9. 4 , 907 . 94 10. Debts of Decedent, Mortgage Liabilities,&Liens(Schedule 1).............................. 10. 641 . 46 11. Total Deductions(total Lines 9&10)................................................................... 11. 5, 549 40 12. Net Value of Estate(Line 8 minus Line 11).......................................................... 12. 42 , 429 . 54 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made(Schedule J)............................................... 13. 14. Net Value Subject to Tax(Line 12 minus Line 13)............................................... 14. 42 , 429 . 54 TAX COMPUTATION-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 15. 0 . 00 16. Amount of Line 14 taxable at lineal rate X .045 42 , 429. 54 16. 1 , 909 . 33 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. 0 . 00 19. Tax Due.................................................................................................................. 19. 1 , 909 . 33 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. ❑X Side 2 1505610243 1505610243 ,J REV-1500 EX Page 3 File Number 21-14-0841 Decedent's Complete Address: DECEDENT'S NAME Gibb, Frances Marie STREET ADDRESS 1000 Claremont Road. CITY STATE ZIP Carlisle PA 17013 Tax Payments and Credits: 1. Tax Due(Page 2, Line 19) (1) 1,909.33 2. Credits/Payments A. Prior Payments 2,000.00 B. Discount 100.00 Total Credits(A +B) (2) 2,100.00 3. Interest (3) 4. If Line 2 is greater than Line 1 +Line 3,enter the difference. This is the OVERPAYMENT. (4) 190.67 Check box on Page 2 Line 20 to request a refund 5. If Line 1 +Line 3 is greater than Line 2,enter the difference. This is the TAX DUE. (5) Make Check Payable to: REGISTER OF WILLS, AGENT. PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred;............................................................................... ❑ ❑x b. retain the right to designate who shall use the property transferred or its income;.................................. ❑ ❑x c. retain a reversionary interest;or............................................................................................................... ❑ ❑x d. receive the promise for life of either payments,benefits or care?............................................................ ❑ ❑x 2. If death occurred after December 12, 1982,did decedent transfer property within one year of death without receivingadequate consideration?.................................................................................................................... ❑ ❑x 3. Did decedent own an"in trust for" or payable upon death bank account or security at his or her death?....... ❑ ❑x 4. Did decedent own an Individual Retirement Account,annuity,or other non-probate property which contains a beneficiary designation?.................................................................................................................. ❑x ❑ 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 January 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 1.2)[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-1508 EX+(6-98) SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF,PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Gibb, Frances Marie 21-14-0841 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1 2014 Personal Federal Income Tax Refund 3,064.00 2 Claremont Nursing&Rehab. Center- 14.00 (Personal Care Account) 3 Cumberland County(Refund of Overpayment to Claremont Rehab and Nursing Center) 3,575.00 4 Highmark(Insurance Premium Refund) 344.93 5 MetLife(insurance Premium Refund) 21.00 TOTAL(Also enter on Line 5, Recapitulation) 7;018.93 (If more space is needed,additional pages of the same size) Copyright(c)2002 form software only The Lackner Group,Inc. Form PA-1500 Schedule E(Rev.6-98) Rev-1509 EX+(6-98) SCHEDULE F COMMONWEALTH OF PENNSYLVANIA JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Gibb, Frances Marie 21-14-0841 If an asset was made joint within one year of the decedent's date of death,it must be reported on schedule G. SURVIVING JOINT TENANT(S)NAME ADDRESS RELATIONSHIP TO DECEDENT A. Joseph W. Gibb 6790 Carlisle Road Son Dover, PA 17315 B. C. , JOINTLY OWNED PROPERTY: DESCRIPTION OF PROPERTYLETTER DATE %OF DATE OF DEATH ITEM FOR JOINT MADE (NUMBER OR SNCLUDE EMILAROF NDENTIFY NG ANCIAL (NUM ER.ATTACH DEED TUTION AND BANK OFOR UNTDATE OF DEATH VALUE OF DECD'S DECEDENT'S INTEREST 'NUMBER TENANT JOINT VALUE OF ASSE INTEREST JOINTLY-HELD REAL ESTATE. 1 A 05/28/1974 M&T Bank- 10,844.87 50.000% 5,422.44 (Checking Account No.XXXX8001) (See attached statement) TOTAL(Also enter on Line 6, Recapitulation) 5,422.44 (If more space is needed,additional pages of the same size) Copyright(c)2002 form software only The Lackner Group,Inc. Form PA-1500 Schedule F(Rev.6-98) Rev-1510 EX+(6.98) SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN ' RESIDENT DECEDENT ESTATE OF FILE NUMBER Gibb, Frances Marie 21-14-0841 This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REVA 500 COVER SHEET is yes. ITEM DESCRIPTION OF PROPERTY DATE OF DEATH %OFDECD'S EXCLUSION TAXABLE NUMBER THE DATE ODE F TRANSFERTRANSATTACH A COPYE THEIR OFRELATIONSHIP DEIED FOR REAL ESTATE. VALUE OF ASSET ND INTEREST (IF APPLICABLE) VALUE 1 MetLife Annuity- 35,537.57 100.000% 35,537.57 (Beneficiary: Joseph W. Gibb) (Relationship: Son) (See attached statement) TOTAL(Also enter on Line 7, Recapitulation) 35,537.57 (If more space is needed,additional pages of the same size) Copyright(c)2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule G(Rev.6-98) REV-1151 Ex+(10-06) SCHEDULE H COMMONWEALTH EOTFgP�RET RNANIA FUNERAL EXPENSES & RESIDENTDECEDEN ADMINISTRATIVE COSTS. ESTATE OF FILE NUMBER Gibb, Frances Marie 21-14-0841 Debts of decedent must be reported on Schedule I. ITEM DESCRIPTION AMOUNT NUMBER A. FUNERAL EXPENSES: See continuation schedule(s) attached 1,306.80 B. ADMINISTRATIVE COSTS: 1. Personal Representative's Commissions Name of Personal Representative(s) Street Address City State Zio Year(s)Commission paid 2. Attorney's Fees Griffie& Associates, P.C. 2,500.00 3. Family Exemption: (If decedent's address is not the same as claimant's,attach explanation) Claimant Street Address City State ZiD Relationship of Claimant to Decedent 4. Probate Fees 215.50 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 885.64 See continuation schedule(s) attached TOTAL(Also enter on line 9, Recapitulation) 4,907.94 Copyright(c)2009 form software only The Lackner Group,Inc. Form PA-1500 Schedule H(Rev. 10-06) SCHEDULE H FUNERAL EXPENSES AND ADMINISTRATIVE COSTS continued ESTATE OF FILE NUMBER Gibb, Frances Marie 21-14-0841 ITEM NUMBER DESCRIPTION AMOUNT Funeral Expenses 1 Bachman Memorial 225.00 2 Musselman Funeral Home&Cremation Svcs. 1,081.80 H-A 1,306.80 Other Administrative Costs 3 Bank fees to Orrstown Bank for services 16.34 4 Cumberland Law Journal(Advertisement) 75.00 5 Reserves 500.00 6 Shauna M.Simpson- 125.00 (Preparation of 2014 Federal Income Tax Return) 7 The Sentinel (Advertisement) 169.30 H-67 885.64 Copyright(c)2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H(Rev.6-98) Rev-1512 EX+(12-08) SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER Gibb, Frances Marie 21-14-0841 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 Alert Pharmacy Services, Inc. 10.13 2 Cumberland Goodwill Fire Rescue EMS, Inc. 631.33 TOTAL(Also enter on Line 10, Recapitulation) 641.46 (If more space is needed,additional pages of the same size) Copyright(c)2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule I(Rev. 12-08) REV-1513 EX+(11-08) SCHEDULE J COMMONWEALTHTERNANIA INHERITANCE AX RTUBENEFICIARIES RESIDENT DECEDENT ESTATE OF FILE NUMBER Gibb, Frances Marie 21-14-0841 NAME AND ADDRESS OF RELATIONSHIP TO SHARE OF ESTATE AMOUNT OF ESTATE NUMBER PERSON(S)RECEIVING PROPERTY DECEDENT (Words) ($$$) Do Not List Trustee s I. TAXABLE DISTRIBUTIONS [include outright spousal distributions,and transfers under Sec.9116(a)(1.2)] Joseph W.Gibb Son One hundred 42,429.54 6790 Carlisle Road percent of net Dover, PA 17315 distributable estate Total 42,429.54 Enter dollar amounts for distributions shown above on lines 15 through 18 on Rev 1500 cover sheet,as appropriate. NON-TAXABLE DISTRIBUTIONS: II. A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET Copyright(c)2009 form software only The Lackner Group, Inc. Form PA-1500 Schedule J(Rev. 11-08) LAST WILL AND TESTAMENT OF MARIE GIBB I,MARIE GIBB, a/k/a F.MARIE GIBB, now of 20 Beaver Street,Apartment 119, Dillsburg,York County,Pennsylvania, 17019, do publish and declare this to be my Last Will and Testament,hereby revoking all other prior wills and codicils made by me. FIRST: Family Background and Appointment of Executor. (A) Family and Background Information. I am not married. I have one child. The name of my child is JOSEPH W. GIBB. Throughout this Will,JOSEPH W. GIBB will be referred to as"my son"or"my child". The word "issue" will include my child as well as my other descendants. (B) Appointment of Executor. I appoint as my Executor and successor Executor(all hereinafter referred to as Executor under this Will,the following named persons or corporations to serve without bond and without being required to account to any Court: Executor: My son,JOSEPH W. GIBB. Successor Executor: My grandson, ANDREW S. GIBB. SECOND: Funeral and Last Illness Expenses; Taxes. (A) Expenses of Funeral and Last Illness. I direct my Executor to pay my funeral expenses (regardless of amount) and the expenses of my last illness from my estate. (B) Taxes. I direct my Executor to pay any and all estate,inheritance, succession, legacy,transfer and other death taxes or duties,by whatever name called, including any and all interest and penalties thereon,imposed under the laws of any jurisdiction by reason of my death, upon or with respect to any and all property included in my gross estate for the purpose of such taxes,whether such property passes under or outside of this Will, out of my residuary estate, without being prorated or apportioned among or charged against the respective devises,legatees, beneficiaries, transferees, or other recipients of any such property or charged against any property LAST WILL AND TESTAMENT OF MARIE GIBB PAGE 2 passing or which may have passed to any of them. The Executor shall not be entitled to reimbursement for any portion of any such taxes from any such person. THIRD: Tangible Personal Property. Except for those items excluded below and those items enumerated in the Letter of Instruction, I give, devise and bequeath to my child, JOSEPH W. GIBB, all tangible personal property, including but not limited to clothing, jewelry,heirlooms, furniture,motor vehicles, and all other similar articles,which I own, and the insurance thereon, if my child survives me by sixty(60) days. If my child,JOSEPH W.GIBB, does not survive me,then I give, devise and bequeath all tangible personal property to my grandchildren,JOSEPH E. GIBB,ANDREW S. GIBB,and JEFFREY L. GIBB,to be divided among them in equal shares,per stirpes. Tangible personal property shall not include: (1) any and all property used by me in any business, (2) cash on hand or on deposit in banks, (3) stock or securities, (4) any type of evidence of indebtedness, and(5) any life,health or accident insurance policies. If there is any disagreement as to distribution,I direct my Executor to make such distribution. The decision of my Executor shall be final and binding. Any items not selected or any items which my Executor considers unsuitable for my issue may be distributed or sold in the sole discretion of my Executor and,if sold,the net proceeds therefrom shall be added to the residue of my estate. Any such article allocated to a minor may, as my Executor deems advisable, either be delivered to the minor or to any person to safeguard on behalf of the minor. Notwithstanding any other provisions in this Article THIRD, I may leave a separate, dated and unsigned Letter of Instruction,which I shall place with my Will, containing directions as to the ultimate disposition of certain of the property bequeathed under this Article THIRD, and such Letter of Instruction shall detennine the distribution of such items. FOURTH: Residuary Gifts. (A) I give, devise and bequeath all the rest,residue and remainder of my estate, of every kind and character,real,personal and mixed,tangible and intangible, and wherever situated, including any lapsed or renounced legacies or devises (and including any property over which I may have a Power of Appointment),to my child,JOSEPH W. GIBB,per stirpes. LAST WILL AND TESTAMENT OF MARIE GIBB PAGE 3 (B) If my child, JOSEPH W. GIBB, does not survive me by sixty(60)days,then and in such event, I give, devise and bequeath all the rest,residue and remainder of my estate of every kind and character,real,personal and mixed,tangible and intangible, and wherever situated, including any lapsed or renounced legacies or devises (and including any property over which I may have a Power of Appointment),to my grandchildren,JOSEPH E. GIBB,ANDREW S. GIBB, and JEFFREY L. GIBB,to be divided among them in separate and equal shares,per stirpes. (C) Distributions During Administration. Prior to final distribution of my estate,the Executor,in his or her discretion,may make partial distributions to one or more beneficiaries or Trusts. As a consequence,the Executorship and any Trusts created under this Will may exist contemporaneously. A distribution may be made subject to any indebtedness or liability of my estate. FIFTH: Spendthrift Provision. No beneficiary shall have the power to anticipate, encumber or transfer his or her interest in the estate in any manner other than by the valid exercise of a power of appointment. No'part of the estate shall be liable for or charged with any debts, contracts, liabilities or torts of a beneficiary or subject to seizure or other process by any creditor of a beneficiary. SIXTH: Powers of Executor. In addition to the powers and duties as may have been granted elsewhere in this Will,but subject to any limitations stated elsewhere in this Will,the Executor shall have and exercise exclusive management and control of the Estate and shall be vested with the following specific powers and discretion,in addition to the powers as may be generally conferred from time to time upon him by law: (A) In the management, care and disposition of the Estate, the Executor shall have the power to do all things and to execute such deeds, documents, and instruments as may be deemed necessary or proper,including the following powers, all of which may be exercised without order of or report to any Court: (1) To sell, exchange or otherwise dispose of any property,real,personal C LAST WILL AND TESTAMENT OF MARIE GIBB PAGE 4 or mixed, at any time held or acquired hereunder, at public or private sale, for cash or on terms,without advertisement, including the right to lease for any term notwithstanding the period of the Estate, and to grant options,including any option for a period beyond the duration of the Estate. (2) To invest all monies in such stocks,bonds, securities,mortgages, notes,real estate or improvements thereon, and any other property as the Executor may deem best,without regard to any law now or hereafter enforced limiting investments of fiduciaries, except that the Executor may not invest in any securities issued by the corporate Executor, or issued by a parent or affiliate company of such Executor. (3) To retain for investment any property deposited with the Executor hereunder; except that the corporate Executor may not retain for investment any stock in the corporate Executor, or in a parent or affiliate company of such Executor. (4) To vote in person or by proxy any corporate stock or other security and to agree to or take any other action in regard to any reorganization,merger, consolidation,,liquidation,bankruptcy or other procedure or proceedings affecting any stock,bond,note or other security. (5) To use attorneys,real estate brokers, accountants and other agents,if such employment is deemed necessary or desirable, and to pay reasonable compensation for their services. (6) To compromise, settle or adjust any claim or demand by or against the Estate and to agree to any rescission or modification of any contract or agreement affecting the Estate. (7) To renew any indebtedness, as well as to borrow money, and to secure the same by mortgaging,pledging or conveying any property of the Estate, LAST WILL AND TESTAMENT OF MARIE GIBB PAGE 5 including the power to borrow at a reasonable rate of interest. (8) To retain and carry on any business in which the Estate may acquire an interest,to acquire additional interest in any such business,to agree to the liquidation in kind of any corporation in which the Estate may have an interest and to carry on the business thereof,to join with other owners in adopting any form of management for any business or property in which the Estate may have an interest,to become or remain a partner,general or limited, in regard to any such business or property and to hold the stock or other securities as an investment, and to employ agents and confer on them authority to manage and operate the business,property or corporation,without liability for the acts of such agent or for any loss, liability or indebtedness of such business if the management is selected or retained with reasonable care. (9)-To register any stock,bond or other security in the name of a nominee, without the addition of words indicating that such security is held in a fiduciary capacity,but accurate records shall be maintained showing that such security is an Estate asset and the Executor shall be responsible for the acts of such nominee. (B) Whenever the Executor is directed to distribute any Estate assets in,fee simple to a person who is then under twenty-one(21)years of age,the Executor shall be authorized to hold such property in Trust for such person until he/she becomes twenty-one(21)years of age,and in the meantime shall use such part of the income and the principal of the trust as the Executor may deem necessary to provide for the proper support and education of such person. If such person should die before becoming twenty-one(21)years of age,the property then remaining in trust shall be distributed to the personal representative of such person's estate. (C) In making distributions from the Estate to or for the benefit of any minor or other person under a legal disability,the Executor need not require the appointment of a guardian,but shall be authorized to pay or deliver the same to the custodian of such person,to pay or deliver the same to such person without the intervention of a guardian,to pay or deliver the same to the legal guardian of such person if one has already been appointed, or to use the same for the benefit C_ LAST WILL AND TESTAMENT OF MARIE GIBB PAGE 6 of such person. (D) In the disbursement of the Estate and any division into separate trusts or shares, the Executor shall be authorized to make the distribution and division in money or in kind,or both,regardless of the basis for income tax purposes of any property distributed or divided in kind, and the distribution and division made and the values established by the Executor shall be binding and conclusive on all persons taking hereunder. The Executor may in making such distribution or division allot undivided interests in the same property to several trusts or shares. (E) The Executor shall have discretion to determine whether items should be charged or credited to income or principal or allocated between income and principal as the Executor may deem equitable and fair under all circumstances,including the power to amortize or fail to amortize any part or all of any premium or discount,to treat any part or all of the profit resulting from the maturity or sale of any asset,whether purchased at a premium or at a discount, as income or principal or apportion the same between income and principal,to apportion the sales price of any asset between income and principal, to treat any dividend or other distribution of any investment as income or principal, or apportion the same between income and principal,to charge any expense against income or principal or apportion the same, and to provide or fail to provide a reasonable reserve against depreciation or obsolescence on any assets subject to depreciation or obsolescence, all as the Executor may reasonably deem equitable and just under all the circumstances. (F) If at any time the total fair market value of the assets of any trust established or to be established hereunder is so small that the corporate Trustee's annual fee for administering the trust would be equal to or less than the minimum annual fee set forth in the Trustee's regularly published fee schedule then,the Trustee in its discretion shall be authorized to terminate such trust or to decide not to establish such trust, and in such event the property then held in or to be distributed to such trust shall be distributed to the persons who are then or would be entitled to the income of such trust. If the amount of income to be received by such persons is to be determined in the discretion of the Trustee,then the Trustee shall distribute the property among such of the persons to whom the Trustee is authorized to distribute income, and in such proportions, as the Trustee in its discretion shall determine. L LAST WILL AND TESTAMENT OF MARIE GIBB PAGE 7 (G) When the authority and power under this Will is vested in two (2) or more Executors,the authority and powers are to be held jointly by the Executors. Only a majority of the Executors may exercise any authority or power granted under this Will or granted by law, and may act under this Will. Any attempt by one such Executor to act under this Will on other than ministerial acts shall be void. The actions of a minority of the Executors under this Will may be validated by a subsequent ratification of the act by a majority of the Executors. SEVENTH: Rights and Liabilities of Executor. (A) No bond or other security shall be required of any Executor. (B) This instrument always shall be construed in favor of the validity of any act or omission by any Executor, and any Executor shall not be liable for any act or omission except in the case of gross negligence,bad faith or fraud. Specifically,in assessing the propriety of any investment of the estate,the overall performance of the entire estate shall be taken into account. (C) Each Executor shall be entitled to receive reasonable compensation for services actually rendered to my estate,in an amount the Executor normally and customarily charges for performing similar services during the time which he/she performs the services. EIGHTH: Tax Elections. In determining the estate,inheritance and income tax liability relating to my Estate,the Executor's decision as to all available tax elections shall be conclusive on all concerned. If the Executor joins with my spouse in filing income tax returns, or consenting for gift tax purposes to having gifts made by either of us during my life considered as having been made one-half by each of us, any resulting liability shall be borne by my Estate and my spouse in such proportions as they may agree. In accordance with IRC Section 2632(a) and without regard to whether a Federal estate tax return is actually filed,my Executor shall allocate so much of the Federal Generation Skipping Transfer Tax exemption as will fully exempt any generation skipping transfer which may occur under this Will. Cl'� LAST WILL AND TESTAMENT OF MARIE GIBB PAGE 8 NINTH: Defmitions and General Provisions. (A) Survival. Any beneficiary,who dies within sixty(60)days after my death shall be considered not to have survived me. (B) Trust Estate. "Trust Estate"means all assets,however and wherever acquired, including income,which may belong to a Trust at any given time. (C) Children. Except for discretionary distributions which may be made unequally among a group of persons and distributions pursuant to a valid exercise of a Power of Appointment, in making a distribution to the children of any person,the property to be distributed shall be divided into as many shares as there are living children of the person and deceased children of the person who left children who are then-living. Each living child shall take one share and the share of each deceased child shall be divided among his then-living descendants in the same manner. A posthumous child shall be considered as living at the death of his parent. (D) Code. Unless otherwise stated, all references in my Will to section and chapter numbers are to those of the Internal Revenue Code of 1986, as amended, or the corresponding provisions of any subsequent federal tax laws applicable to my estate. (E) Other terms. The use of any gender includes the other genders, and the use of either the singular or the plural includes the other. (F) Captions. The captions set forth in this Will at the beginning of the various divisions hereof are for convenience of reference only and shall not be deemed to define or limit the provisions hereof or to affect in any way their construction and application. (G) Powers of Appointment Exercised. By this Will I hereby exercise any Power of Appointment which I may possess at my death. LAST WILL AND TESTAMENT OF MARIE GIBB PAGE 9 IN WITNESS WHEREOF,I,MARIE GIBB, a/k/a F.MARIE GIBB,the Testatrix, have to this my Last Will and Testament,typewritten on ten(10)pages, including the Acknowledgment and Affidavit, set my hand and seal this L1l day of August,2004. MARIE GIBB, a/k/a F.MARIE GIBB Signed, sealed,published and declared by the above-named Testatrix, as and for her Last Will and Testament,in the presence of us,who have hereunto subscribed our names at her request, as witnesses hereto, in the presence of the said Testatrix, and in the presence of each other. Each of us further declares that he or she believes the Testatrix to be of sound mind and memory. The preceding instrument consists of this and ten(10) other consecutively numbered typewritten pages ncluding the Acknowledgment and Affidavit. residing at (print name) � } h /l P���,"-� esiding at ;L-i AJC; s 2 WC S�PN (print name) a ACKNOWLEDGMENT AND AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA SS: COUNTY OF CUMBERLAND The Testatrix and the witnesses whose names are signed and subscribed to the attached or foregoing instrument,being first duly sworn and qualified according to law, do hereby acknowledge, depose and say to the undersigned authority,that the Testatrix signed and executed the instrument as her Last Will in the presence of the witnesses; that she signed it willingly or willingly directed another to sign it for her; that she executed it as her free and voluntary act for the purposes therein expressed;that each of the witnesses were present and saw the Testatrix sign and execute the instrument as her Last Will;that each subscribing witness in the hearing and sight of the Testatrix signed the will as witnesses; and that to the best of their knowledge the Testatrix was at that time eighteen years of age or older, of sound mind and under no constraint or undue influence. Testatrix / Witness Witness Sworn to or affirmed, subscribed to, and acknowledged,before me by the above-named Testatrix and witnesses,this L44% day of August,2004. IN WITNESS WHEREOF, I hereunto set my hand and official seal. - Notary Publi _ Notarial Seat Victoria M.Rankin,Notary Public Lemoyne Boro,Cumberland County My Commission Expires Aug.27,2006 '" Member.Pennss4van i.Assad:?,,)n 01 Notaries © M8T Bank 499 Mitchell Road,Millsboro,DE 19966 Adjustment Services Phone 888-502-4349 F ax (302)934-2955 September 22,2014 Griffie&Associates, P.C. Attorneys and Counselors at Law 200 North Hanover Street Carlisle,PA 17013 Re: Estate of Marie Gibb Social Security: Date of Death: August 18,2014 Dear Sir or Madam: Per your inquiry on September 15,2014,please be advised that at the time of death,the above-named decedent had on deposit with this bank the following: 1. Type of Account Checking Account Account Number 37038001 Ownership(Names ojg Joseph W. Gibb Marie Gibb Opening Date 05/28/1974 Balance on Date of Death $ 10,844.82 Accrued Interest $ .05 ­­-- ---- -------------------------- Total $ 10,844.87 For any additional information on the above accounts,including ownership and any changes,closures and/or reimbursement of funds, please call the Dover at 717-308-9832. We were unable to locate any safe deposit box for the above-mentioned decedent. This letter does not include any accounts in which the deceased may have been listed as Power of Attorney,Custodian of Uniform Transfers, Representative Payee,or Trustee under a Written Agreement Sincerely, Valarie Mercer Records Management Metropolitan Life Insurance Company P.O.Box 10342 Meftifeo Des MoinessIA.IA.50306-0342 June 18, 2014 r, GRIFFIE&ASSOCIATES PC BRADLEY GRIFFIE 200 NORTH HANOVER STREET CARLISLE PA 17013 RE: CONTRACT A2044286 DECEASEDWARIE GIBB Dear Mr. Griffie: Thank you for your recent inquiry regarding the contract referenced above. Our records indicate that the date of death and the account value on that date are: Date of Death: August 18, 2014 Date of Death Value: $35,537.57 Current Account Value: $35,687.53 Account Type: Non-Qualified Cost Basis: $35,376.77 R All proceeds over the cost basis are considered taxable in the year received. Please note, MetLife is not authorized to provide you with the initial deposit, the original contract, the history of the policy, or statements. If you have any questions, please contact me directly at 1-877-638-6389 Ext. 0421 between the hours of 9:30 AM to 5:30 PM EST. You may also contact your representative or call our Customer Service Center at 1-800-435-4117 Monday through Friday between 9:00 a.m. and 6:00 p.m., ET. Sincerely, Caitlyn Carlsen Sr.Annuity Representative- Post Issue Processing MetLife Annuity Operations and Services Metropolitan Life Insurance Company. MetLife Investors USA Insurance Company. MetLife Investors Insurance Company. New England Life Insurance Company. MetLife Insurance Company of Connecticut. First MetLife Investors Insurance Company