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Home My WebLink About01-0018 *' COMMONWEALTH Of PENNSYLVANIA DePARTMENT Of REVENUE DEPT. 280601 HARRISBURG. PA 17128-0801 REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT REV _ ,~.. EX. (1_97) IDECEDENTS NAME (LAST, FIRST, AND MIDDLE INITIAL) use a blank block to separate words GIBSON, MILDRED C. I- Z W " w <.> w " DATE OF DEATH oATE"OF BIRTH 09/05/1915 "SOClAl SECURITY NUMBER o 2. Supplemental Return o o o 4a. Future Interest Compromise (for dates of death after 12-12-82) 7. Decedent Maintained a Living Trust (Allach copy of Trust) 10. Spousal Poverty Credit (date of death between 12-31-91 and 1,'-95 C!_ SOCIAL SECURITY NUMBER 202-20-2923 12/22/2000 00018 ThiS return must be flied In duplicate with the REGISTER OF WILLS o :f -Remainder Return (for dalesof death p~ior 10-12.13-82) o 5. Federal Estate Tax Return Required 1 8. Total Number of Safe Deposit Boxes o 11.Election to tax under Sec. 9113(A) {Allach Sch 0) 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) I 14. Net Value Subject to Tax (Line 12 minus Line 13) 'l-15~ Amount of line 14 taxable at the spousal tax ~t;--'- i See instructions on reverse side for percentage I 16. Amount of line 14 taxable at 4.5% rate 17. Amount of line 14 taxable at 15% rate Ten East High Street Carlisle, PA 17013 (1)' (2) (3) (4) (5) (6) (7) (g) (10 48,89 . 59,000.00 OFFIClflt. USE ONLY (IF APPLICABLE) SURVIVING SPOUSE'S NAME (lAST. FIRST AND MIDDLE INITIAL) ~ ::M:':$cn 0""" w&8 :J::a:~ 00.'" 0. "" t2J i-Original Retum o 4. limited Estate [g) 6. Decedent Died Testate (Attach copy ofWiU) D 9. litigation Proceeds Received 2,70 I. NAME Edward L. Schorpp, Esquire FIRM NAME (If applicable) I~T~()!,::_DEARDORFF, WILLIAMS & OTIO fELEPHONE NUM8ER ; (717) 243-3341 -,.".o.._t:-::-c.__ i 1. Real Estale (Schedule A) '1- "'z Ww a:o a:z 00 00. 2. Stocks and Bonds (Schedule B) 3. Closely Held Corporation, Partnership or Sole-Proprietorship 4. Mortgages & Notes Receivable (Schedule D) z o ~ F 1i: "" <.> w a: 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) 11,874. 933. (11) (12) (13) (14) x [2II' (15) x .045 (16) x .15 (17) (18) 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) ! 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) 11. Total Deductions (Iotal Lines 9 & 10) 12. Net Value of Estate (Line 8 minus Line 11) z o >= ~ => 0. '" o o >< ~ 18. Tax Due 12, 48,894.301 ,i 2,200.24; 2,200.241 , 19. 0 Check here if you are requesting a refund of your overpayment. ml1l~ !ill --11III Ii -:-1 I~~."r "'III ..- -'L!~___I1 ~WI!!lil!lll1ll1(_;fI,'iill Under penalties of perjury, I declare thai I have examined thIS return, inckJdin~ accompanying schedules and statements, and to the best of my knowledge and belief, it Is true. correct and complele. Dedaralion of preparer other than the personal representative is based on alllnformallon of which preparer has any knowled~. S~Eo4e~tsP'd..SiBlE~tlNGRETU~--~' A~:;E;:st South Street, Carlisle, PA 17013 _ _~_~ '---~-~"Dt~-Q I ~ ADDRESS DATE Ten East High Street, Carlisle, PA 17013 ADDRESS-- "- . - ---- .s-. :::; ~O / ------.--OATE uL. . Decedent's Complete Address: STREET ADDRESS 178 East South Street CITY Carlisle -B-~ISTATE PA -,--------- IZIP 17013 Tax Payments and Credits: 1. Tax Due (Page 1 Line 18) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1) B ___;2,200.24 1,800.00 94.74 Total Credits (A + B + C) (2) 1,894.74 3. Interest/Penalty if applicable D. Interest E. Penalty Total Interest/Penalty (0 + E) (3) 4. If line 2 is greater than line 1 + line 3, enter the difference. This is the OVERPAVMENT. Check box on Page 1 Line 19 to request a refund 5. If line 1 + line 3 is greater than line 2. enter the difference. This ls the TAX DUE. (4) A. Enter the interest on the tax due. (5) _ ______.305.;;0 (5A) B. Enter the total of Une 5 + SA. This is the BALANCE DUE. (5B) 305.50 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "XU IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: a. retain the use or income of the property transferred;.......................................................... .................. b. retain the right to designate who shall use the property transferred or its income................................. c. retain a reversionary interest: or............................................................................................................ d. receive the promise for life of either payments, benefits or care?......................................................... Vo. No LJ k><: 0 t><J 0 c.x:J [J [><;J I=-J [.<J [J [g] [J [5<J 2. If death occurred on or before December 12, 1982. did decedent within two years preceding death transfer property without receiving adequate consideration? If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration?................... 3. Did decedent own an 'in trust for' or payable upon death bank account or security at his or her death?....... 4. Did decedent own an individual retirement account, annuity, or other non-probate property?....................... IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. 72 P.S. ~9116 (a) (1.1) (i) provided for the reduction of the tax rate Imposed on the net value of transfers to or for the use of the surviving spouse from 6% to 3% for dates on or after July 1, 1994 and before January 1, 1995. 72 P.S. ~9116(a) (1.1) (ii) provided for the reduction of the rate imposed on the net value of transfers to or for the use of the surviving spouse from 3% to 0% for dates on or after January 1, 1995. The statute does not exemot 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 JANUARV 1,1995 - Please answer the following question by placing an "x. in the appropriate space. Did the decedent create a trust or similar arrangement which is solely for the surviving spouse's benefit for his or her entire lifetime? ::J Yes ~J No If you answered yes to the above question, the tax on the trust or similar arrangement is postponed until the death of the second spouse, at which time it will be tully taxable at the rate(s) applicable to the remainder beneficiary(ies). Enter the value of the trust on Schedule J, Part II, in order to remove it from the calculation of the tax due in this estate. You may wish to file Schedule 0 in oreler to make the election available under section 9113. If the election is made, the trust or similar arrangement is taxed in the eslate of the first decedent spouse, the portion of the trust or similar arrangement which benefits the surviVing spouse is taxed at the zero tax: rate, and the remainder is taxed at the rate(s) applicable to the remainder beneficiary(ies). If yOll chose to make the election, you must attach schedule 0 to a timely-filed tax return, along with schedule(s) K and/or M in order to show the apportionment of the trust or similar arrangement between the surviving spouse and the remainder beneficiary(ies). , , , I J *' Schedule A Real Estate COMMONWEAlTH Of PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF GIBSON, MILDRED C. I FILE NUMBER 21 - 01 - 00018 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 wnlc~ Is Jolntly-owned wltn right of survivorship must be disclosed on schedule F. ITEM I DESCRIPTION NUMBER____ ____ ____ __w_____ _______ _ m I Residence situate at 178 East Soulb Street, Borough of Carlisle, designated as Cumberland County Parcel No. 03-21-0318-139 and conveyed by Deed dated September 18, 1962, and recorded in Cumberland County, Pennsylvania, Deed Book "Q", Volume 20, Page 508; and 180 East South Street, Borough of Carlisle, designated as Cumberland County Parcel no. 03-21-0318-140 conveyed by Deed dated February 20, 1963, and recorded in Cumberland County, Pennsylvania, Deed Book "V", Volume 20, Page 788 (copies attached). Value per appraisal attached. _ L_____________ ___________..._______ VALUE AT DATE OF DEATH 59,000.00 ------ Schedule A TOTAL $59,000.00 '* Schedule E Cash, Bank Deposits, & Misc. Personal Property COMMONVv'EALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT - I FILE NUMBER- --- , 21-01-00018 ESTATE OF GIBSON, MILDRED C. 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 NUMBER I j " I~~!_~"llk, Cli~ XccouiifNo. 2677009132_ . __~--=---__ 2 IThe Sentinel, Refund 1...___ ____m________..___ 3 ISprint, refund .L_______.... ___ _........__n____ _________ _____________ 4 IFloyd Morrison, real estate tax proration 5 ltitltzMutuaTlnsurance Co., premiuiiiiaund, homeowners' "lnsunmce 6 - --Perianal PropertY- _n_____ __1 VALUE AT DATE OF DEATH 326.35 26.02 36.55 87.95 142.00 2,083.00 DESCRIPTION ______n__ Schedule E TOTAL $2,701.87 *' SchecIUe H FlI'1eI"aI E"JqJens e s & Adni1istraIive Costs COMMONWEALll-I OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECeDENT ESTATE OF GIBSON, MILDRED C. FILE NUMBER 21 - 01 - 00018 Debts of decedent must be reported on Schedule I. ITEM NUMBER. A. DESCRIPTION FUNERAL EXPENSES , 'jEwing BrotIiersTunerarHOiiie;TlIrIiSIe,PA i jwestmmster Ceiiietery~Urllve Upenmg I , 1Mmlster C1iijicn- - m fFuneranrecejjtion i -frowers-- I B. ADMINISTRATIVE COSTS --t- -+ 1. Personal Representative's Commissions Social Security Number(s) I EIN Number of Personal Representatlve(s): Street Address City Year(s) Commissions paid State Zip 2. 3. Martson Deardorff Williams & Otto (estimated) Attorney Fees Family Exemption (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City Relationship of Claimant to Decedent State ZIP Code 4. Probate fees 5. Accountant's Fees 6. Tax Return Preparer's Fees I 7. ICumoerlarurraw JoumaFAavertismg Lefters Testamentary , The Seriiincl:AdvertlsmgLetters Testarilentary Diversified AiipraisaIService: Appraisal Fe,,-- 11\1&T Bank;service fee-s- --, ---' [M&T BaOk,check ch3rges___-~_~=_----_____, lSllOrtCertificateU - ". IDauphin'OU (Heating Oil service pending- sale-of propertY) IJGIGas (service through-March) - Schedule H TOTAL AMOUNT . - 5,840.00 815:00 5D.00 1'00.00 , -u229.56 U-T06.00 none 3,085.00 none 214.00 75.00 93.83 250.00 11.06 24.92 3.00 384.75 35.87 11,874.33 *' ScheckE H FmeraI Expens BS & Am. lb'Ildi..eCoslsccnti1ued L__ I FILE NUMBER 21 - 01 - 00018 COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF GIBSON, MILDRED C. - ------- ----..- -- ------ ------------- ---- ------------- IPPL Electric (service through March) le.rlisle Boroiigh (fm_lb1Ul- I. .______.___..... ..". ___... _ ___________ IRegister of \Vilis Filing Fee I ________ ___._ ________....___ !Jim Bistline, appraisal of personal property 'Reserved for additionalprohate fee, fifiD.g fees, misceUaneousexpenses atidc10smg cosis- 42.91 23.49 15.00 125.00 350.00 page 2 of schedule H *' Schedule I Debts of Decedent, Mortgage Liabilities, & Liens COMMONWEALTH Of PENNSYLVANIA INHERITANCE TAX ReTURN RESIDENT DECEDENT _.---- ------- --_..._._---_._-~- --- -----..---" ESTATE OF GIBSON, MILDRED C. ITEM NUMBER , 1.__ _ __ _____ __.n._ . .________..__.. ___ . 1 \Dauphin Oil Service, account payable 2-- IUGI Gas Service, account payable ------ ----- 3 - ;Sprm( accoulltpayable-- - -.--- --- .----- --- 4 iCoiTIcast; account payable -. .__n 1._________. __.._ ......--.....-- 5 IPPL Electric, account payable 6 :Borough'of Cai-lisle'tJtiliiY,' account payable - - - .--- 7--!Belvedere Medical CorPoration; accountl'ayable----- 8 . .IDar1ene Moyer,taxcoriectOf,Personal Tax; duelO!31/00--..__-- .-- n-9---~arleneMoyer, Tax ColIector, Real Estate Tax, due 10130100-.---- DESCRIPTION -I-FILE NUMBER-- ___ 21 - 01 - 00018 AMOUNT 22.35 42.01 58.91 26.75 81.61 42.44 9.04 11.30 638.83 ._____n___ Schedule I TOTAL $933.24 *' Schedule J Beneficiaries COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF -- - --------------- m I FILE-NUMBER . 21 - 01 - 00018 GIBSON, MILDRED C. I. ~ELATIONSHIP TO DECEDENT ~~_ _~._Not _l_I~_I~::I~rSI_ . Son . AMOUNT OR SHARE OF ESTATE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DiSTRIBUTIONS (include outright spousal distributions) Clyde C. GIbson, Jr. ----- 172 East South Street Carlisle, PA 17013 2 Roma E. Morrison 174 East South Street Carlisle, PA 17013 ------ 3 Peggy Lou Carlson 5315 Ravensworth Road Springfield, VA 22151 1/3 -Estate Residue Daughter 1/3 Estate Residue Daughter 1/3 Estate Residue II. ~~_:~~~~ar:~~?~~~~!~r_~~st~~_~~~_ a~_o;'=~~~j~es ~~__t~~_~~~~~~~~p_~_~~~~~~~~~~_~ _ ~~~~~~~? cover Shee~ NON-TAXABLE DISTRIBUTIONS A. SPOUSAL DISTRiBUTIONS UNDER SECTiON 9113 FOR WHICH AN ELECTION TO TAX is NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS L__ Schedule J TOTAL I I I I I ~ I @1 . (Q) .CQ) I . . I I I I I . . . APPRAISAL REPORT 178-180 EAST SOUTH STREET CARLISLE, PENNSYLV ANlA Diversified Appraisal Services Real Estate Appraisers and Consultants SC\-l. ''Ad Cdl<t} I I I I t,. ,; I,' , i - I - II II I I I I I I APPRAISAL REPORT OF A SINGLE-FAMILY DWELLING LOCATED AT 178-180 EAST SOUTH STREET . CARLISLE, PENNSYLVANIA PREPARED FOR THE ESTATE OF MILDRED C. GIBSON AS OF DECEMBER 22, 2000 BY LARRY E. FOOTE DIVERSIFIED APPRAISAL SERVICES EAST mGH STREET, SUITE 101 CARLISLE, PENNSYLVANIA 17013-3052 (717) 249-2758 A - (2-/)'il~ ,. , SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS LOCATION: TAX PARCEL NUMBER: PROPERTY RIGHTS: 178.180 East South Street Carlisle, Pennsylvania 03.21.0318-139 and 140 Fee simple interest. SCOPE OF THE ASSIGNMENT: The scope of the assignment included an analysis of the subject's area, an inspection of the subject property, an estimation of the property's highest and best use, consideration of all three approaches to value, and the application of those relevant to the valuation of the subject. OBJECTIVE: EFFECTIVE DATE: IDGHEST AND BEST USE: COST APPROACH: SALES APPROACH: INCOME APPROACH: To estimate the market value of the subject property as unencumbered. As ofDecentber 22,2000. Use as a single-family residence. $64,000 $59,000 N:A. FINAL VALUE CONCLUSION: $59,000 2 A- (-~JI ~ ') ! ; I 1 I... - I II II II APPRAISAL CERTIFICATION I hereby certifY that upon application for valuation by: THE ESTATE OF MILDRED C. GmSON the undersigned personally inspected the following described property: All those two certain pieces or parcels of land situate in the Borough of Carlisle, Cumberland County, Pennsylvania, bounded and descnbed as follows: TRACT NO. I: On the North by East South Street; on the East by lot now or formerly of William Jackson; on the South by a 16 foot alley; on the West by property now or formerly of John and Minnie Buckheit, having a frontage on East South Street of 40 feet, more or less, and extending in depth a distance of 229 feet, more or less, and having erected thereon a dwelling house and other improvements known as No. 178 East South Street. TRACT NO.2: On the North by East South Street; on the East by lot, now or formerly ofSamue1 Gibson; on the South by a 16 foot alley; on the West by property now or formerly of Samuel Gibson, having a frontage of35 feet, more or less, on East South Street and extending a depth a distance of 229 feet, more or less. To the best of my knowledge and belief the statements contained in this report are true and correct, and that neither the employment to make this appraisal nor the compensation is contingent upon the value reported, and that in my opinion the Market Value as of December 22, 2000 is: FIFTY-NINE rnOUSAND DOLLARS $59,000 The property was appraised as a whole, subject to the contingent and limiting conditions outlined herein. d/~;~u~- Lanyt. F~te Certified General Appraiser GA-000014-L A 3 Ll4-!18] - , J c , l I -~ PURPOSE OF THE APPRAISAL The purpose of this appraisal is to estimate the Market Value of the subject property as of December 22, 2000. Market Value, as defined by the courts, is the most probable price estimated in terms of money which a property will bring if exposed for sale in the open market, allowing a reasonable time finding a purchaser who buys with knowledge of all the uses to which it is adapted and for which it is capable ofbeing used. Frequently, it is referred to as the price at which a willing seller would sell and a wiIIing buyer would buy, neither being under abnormal pressure. mGHEST AND BEST USE Highest and Best Use is defined by the Appraisal Terminology and Handbook, published by the Appraisal Institute, as "the most profitable likely use to which a property can be put". The opinion of such use may be based on tbe highest and mostl profitable continuous use to which the property is adapted and needed, or likely to be in demand, in tbe reasonable near future. . However, elements affecting value that depend upon events or a combination of occurrences which, while within tbe realm of possibility, are not fairly shown to be reasonably probable, should be excluded from consideration. Also, if tbe intended use is dependent on an uncertain act of another person, the intention cannot be considered. Based on the above definition and after seeing the site, neighborhood, and area, it is my opinion that tbe present use of the subject is its Highest and Best Use. II.: II I I 4 It (!SIU?) f'" ! I , - SITE DATA ADDRESS: 178-180 East South Street BOROUGH: Carlisle COUNTY: Cumberland STATE: Pennsylvania LOT SIZE: 40' x 229' and 35' x 229' SEWERS: Public utility WATER: Public utility PP&L ELECTRICITY: LANDSCAPING: Typical for the area, with a sodded lawn, trees and shrubs. DETRIMENTAL INFLUENCES None. Pride of ownership is evident throughout the neighborhood. DESCRIPTION OF IMPROVEMENTS GENERAL DESCRlPTlON: Two-story semi-detached single-family dwelling containing approximately 992 square feet of gross living area above grade. CONDITION: Exterior: Average Interior: Average ROOMS: First Floor: Living room, dining room and kitchen. Second Floor: Three bedrooms and a full bathroom. Basement: Full basement with stone floor. Ceiling height is aproximately five feet. II < " II 5 It- (,,jN) r EXTERIOR: Foundation: Walls: Sash: Gutters: Roof: Storm units: Stone Aluminum siding. Wood-framed. Aluminum., painted. Metal Combination throughout. INTERIOR, PRINCIPAL ROOMS: Flooring: Walls: Ceilings: Trim: KITCHEN: Cabinets: Counters: Walls: Flooring: Sink: BATHROOM: Flooring: Walls: Bathtub: Lavatory: Water closet: CONSTRUCTION: Joists: Beams: Plumbing: Carl et Plaster and wood paneling. Plaster and acoustical tile. Wood, painted. Wood and metal. Formica Wood paneling and vinyl-clad dryWall. Carpet Single-bowl. stainless steel. Carpet Ceramic tile and painted plaster. Built-in, with shower. Pedestal Two-piece. Wood Wood Iron and copper. I I' I ~ - - - - HEATING: Forced hot air, oil-fired. HOT WATER: 40-gaIIon, electric. ELECTRIC: Circuit breaker system., IOO-ampere. OTHER: There is a small concrete front porch, rear porch, balcony and small storage building attached to the dwelling. There is also a detached two-car metal garage with no garage doors. This building is in fair condition. GENERAL CONDmON: The improvements are considered to be in average condition on the interior and on the exterior, with mechanical systems appearing to be adequate and functioning properly. There are no closets in the bedrooms. 6 It- (7}/g) THE COST APPROACH The Cost Approach to value is based on the principle of substitution, which proposes that an jnfonned buyer will pay no more than the cost of providing a substitute property with similar utility. In estimating the cost of provilling a substiMe, the following functions are completed. The cost of the improvements, as ifnew, is estimated. Loss of value due to physical deterioration, functional obsolescence and external depreciation, jf applicable, is deducted to represent the cost of a substitute depreciated. The land and the value of depreciated site improvements is added to obtain a value indication of the real estate. The cost new of the improvements was estimated using infonnation from Marshall Valuation Service, adjusted to the local area and verified with local contractors. Dwelling: 992 sq. ft. @ $49.69 = Basement: 496 sq. ft. @ $12.53 = Porches, patios, etc.: Total Estimated Cost New: Depreciation: Depreciated Cost ofImprovements: Misc. Site Improvements "as is": Estimated Site Value: $49,292 6,215 1.930 . $57,437 -18.954 $38,483 1,000 25.000 Indicated Value by Cost Approach: $64,483 Rounded to: $64,000 7 J4 (g}I'?) f"""""" ........... .' SALES COMPARISON APPROACH In arriving at this conclusion of the value of the subject property, the appraiser made a survey of properties that have sold in the area of the subject property. Consideration was given and adjustments were made on each comparable sale as to time of sale, size, location, as well as all other factors that might affect value. A resume .of some of the sales considered by the appraiser is as follows: SALE NO. I: Location: Date of Sale: Sale Price: Size: Unit Price: SALE NO.2: Location: Date of Sale: Sale Price: Size: Unit Price: SALE NO.3: LoCation: Date of Sale: Sale Price: Size: Unit Price: I'j'j tf:. ." - 22 S. East Street, Carlisle. January 15, 1999. $55,900 1,512 square feet. $36.97 per square foot. 147 S. East Street, Carlisle. . May 22, 2000. $40,000 1,184 square feet. $33.78 per square foot. 248 E. North Street, Carlisle. June 4, 1999. $49,900 936 square feet. $53.31 per square foot. The appraiser, in addition to the sales listed, also considered several additional sales in arriving at his final opinion of value. On the Sales Comparison Analysis form that follows this page are dollar adjustments reflecting market reaction to those items of significant variation betWeen the subject and compllT8ble properties. If a significant item in the comparable property is superior to, or more favorable than, the subject property, a minus (-) adjustment is made, thus reducing the indicated value of the subject; if a significant item in the comparable is inferior to, or less favorable than, the subject property, a plus (+) adjustment is made, thus increasing the indicated value of the subject. After making all of the necessary adjustments, it is the appraiser's considered opinion that the indicated value of the subject property by the Sales Comparison Approach is $59,000. 8 J4- (c, 1/ g) ~. , SALES COMPARISON ANALYStS , , f;, ITEM SUBJECT COMPARABLE #1 COMPARM..LE #2 COMPARABLE #3 i . . .... 17i-lllOE.SoulhSl. 228.Ea&t_ 147 S, Ea&t SInd ~48 E. N<lIlh_ ,'it; CarIilrlc CarIilrlc CarliIIo CarIilrlc ~(",!, :ty to SUllject tl'~lMW1t$mt.{fJ~~5r ~1Ilreet Two bIoob Fi""b100b 'iO'iOPrioe NA ~"S,900 1~~%~~~~{tWt#ilif@1 $40,000 tMiM!0?fffifjM~ ~/Sq,Ft.GLA N.A $36.97. Wj&%i~MMktMJ: $33. 78 -llk~Wf~t#tl~~fi~* "3.31 , ,f)iIIa- hdpediuD ~PennMLS ~P...MLS""_ camlPennMLSoud_ . DE8CIlJPT10N DE8CllIPTlON S AlijuoI. , DE8CIlJPT1ON S A4juoI. DESCRIPTION SA<li.... ".' - . ~. Y.,..,.mg ...... . h _ ......., ...... Q , - [lfll"lljl~'II~ VA (2,000) - N_ ~cll'Salo/T"..., Ascll'12-22.()(J 1-15-99 5-2~.()(J 6-4-99 .~ A_ S_ 8_ Supericr (5,000) j"lV~ -:- 40' x 229' 20' x 60' 5,000 IX' x 230' 5,000 28" x 82~ ~,OOO '~oudAppeol -r-cuy ......... Siinilar T-..Iory_' . 2,000 S_ m -sicIiJIg Brid< (3,000) !"kid< (3.000) Similar 'A/!I> ", 101 --- 1~1_ , 101_ 121_ , "Coaditim A_ Supericr (5,000) Similar Supericr (5,000) . ..u-.Grade Tot. . Bod. - Tot. Bod. - Tot. Bod. - , Tot. Bod. - .-c.- . 6 3 I 6 3 I 5 3 I 2,000 6 3 I ~LMag- 992 _feat 1,5l2_feat (10,000) 1.1S4_feat (3.llOO) 936_feat ~ lU'iDisbcd 'JIoma _Grade fuR_ S_ Padial_ SOU CnowlopoaI 1,000 ~t1iii'" A"";'= Similar Similar Similar olI h...d hot air. OlIs_hot ... .......~ 1000 o..FHA&_ ~ ~__(fioir' - SOlI ~- (3,000\ - 500 l'IlIdw, Patios '~'"";'...... lp;;;;;:.... ster. N.... 1,000 P....., hoIonnv. 300 N.... 1000 ~&agy Typil:allb< lIle . - .;.;;.... ,Similar Similar 8imlIar . - Similar Similar Similar QI!Ioi'(c.g._ 3S'x229' ~1 O<piip., remodeling) lot. Nooe 15,000 None IS,OOO N.... 15,000 Nsj'Adi;~ ?:,~?::M~@i~fk~f:?l}~~t~~~r@#tN ~~~??}::~@mM~#;~i0~f.~~~mf: 1,100 @:;:mi~@fxi~:~#;~~~M~j~~~m.~ 16,000 .. 15,000 ::;:l:,*,:~:i;;;:;~H<:E;=;:g;:~;::~::::::~:~,::;:: VaIm 1Ifs;,>:;. S S7,OOO S S6,OOO S 59.400 FINAL INDICATED VALUE OF SUBJECT PROPERTY: $59,000 , , fr 9 ( 10)1 ~ ) CORRELATION Correlation may be defined as "the bringing together of parts in a proper relationship." The parts of this appraisal report are the following approaches to value your appraiser used: Value Indicated by Cost Approach Value Indicated by Sales Comparison Approach $64,000 $59,000 These approaches are representative of the market value of the subject property. I have carefully reexamined each step in each method, and I believe the conclusions accurately reflect the attitude. of typical purchasers of this type property in this neighborhood. It is my belief that this reexamination . has confirmed the original conclusions. The Cost Approach win result in an excellent estimate if all elements are figured accurately, because no prudent person will pay more for a property than the cost to produce a substitute property with equal desirability and utility. Purchasers of the type of dwelling typical of the subject property are more concerned with amenities than with hypothetical replacement of the property. The value of the cost approach is not disregarded, but given less weight because morel errors in judgement can be made in this approach. The Sales Comparison Approach was based on several recent sales of properties similar to that of the subject, all. of which are located in the same general area. The adjusted sales prices are most consistent under comparison. This approach is the most reliable because it reflects the reactions of typical buyers and sellers in the llIlldet. Therefore, as a result of this appraisal and analysis, it is. this . appraiser's considered judgement and opinion that the Market Value of the subject property, as of December 22, 2000, is: FIFTY-NINE THOUSAND DOLLARS $59,000 10 A- ( It/n? ') UNDERL VlNG ASSUMYfIONS AND LIMITING CONDmONS SUBJECT TO TBlS APPRAISAL I. I assume no responsibility for matters legal in nature, nor do I render any opinion as to the title, which is assumed to' be marketable. The property is appraised as thaugh under responsible awnership. 2. The legal destriptian used herein is correct. 3. I have made nO' survey afthe praperty, and the boundaries are taken from recards believed to' be reliable. 4. I assume that there are no hidden ar unapparent conditions af the property, subsoil ar structures which wauld render it more or less valU4ble. I assume no responsibility for such conditions ar far engineering which might be required to' discover such factors. 5. The information, estimates,. and opinions furnished to me and contained in this report were obtained from sources considered reliable and believed to' be true and correct. However, no responSIbility for accuracy can be assumed by me. 6. This report is to be used in its entirety and only for the purpose for which it was rendered. 7. Neither all nor any part of the contents of this report (especially any conclusians as to value, the identity of the appraiser or the fino with which he is connected) shall be reproduced, published, or disseminated to the public through advertising media, public relations media, news media, sales media, or any other public means of communication, without the prior written consent and approval of the appraiser. 8. This appraisal was prepared for the exclusive use af the client identified in this appraisal report. The infarmation and opinions contained in this. appraisal set forth the appraiser's best judgernentin light of the information available at the time of the preparation of this report. Any use of this appraisal by any ather person ar entity, ar any reliance ar decisions based an this aPpraisal are the sole respansibility and at the sale risk af the third party. The. appraiser accepts nO' responsibility for damages suffered by any third party as a result of reliance on or decisians made or actions taken based on this report. 11 (12-I/g) It r--- ~} . ) ~ - ) CERTIFICATE OF APPRAISAL Your appraiser hereby certifies that: I. The statements of fact contained in this report are true and correct. 2. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions. 3. I have no present of prospective interest in the property that is the subject of this report, and no personal interest with respect to the parties involved. 4. I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. S. My engagement in this assignment was not contingent upon developing or reporting predetermined results. 6. My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this .appraisal. 7. To the best of my knowledge and belief, the statements of fact contained in this appraisal report, upon which the analyses, opinions, and conclusions expressed herein are based, are true and correct. 8. This appraisal report sets forth aU of the limiting conditions (imposed by the terms of my assignment or by the undersigned) affecting the analyses, opinions, and conclusions contained in this report. 9. This appraisal report has been made in conformity with the Uniform Standards of professional Appraisal Practice adopted by the Appraisal Standards Board of the Appraisal Foundation, and is subject to the requirements of the Code of Professional Ethics and Standards of Professional Conduct of the National Association of Realtors Appraisal Section. 12 A- Ct3/1'& ') r-. ,1' ) -; ,~ :, )." . .". 10, No one other than the undersigned prepared the analyses, conclusions, and opinions concerning real estate that are set forth in this appraisal report. , :" AI'~.:~ v~ Foote ' ' , Certified ~eral AppnUset OA-OOOOI4-L 13 II- ((,-d,g ) , , , t ~ 09 - """""'" "..,........ A-- C (,dr~ ') t i; rw - 4....... "';s-~._-'~~ , --..,~~ <"""""" .~ --. PHOTOORAPBS OF THE SUBJECT PROPERTY r1-- (11,1,'1) ~'i_ LARRY B. FOOTE REAL ESTATE APPRAISER BXPBRlBNCB: 1979-Presellt: Chief Appraiser, Diversified Appraisal Services, Carlisle, Pa. Principal Broker, LaRue Development Co., Carlisle, Pa. 1976-1979: ASSOClate Broker, Colonial Realty, Carlisle, Pa. 1972-1976: Realtor Associate, lack Gaughen Realtor, Carlisle, Pa. Appraisal experience includes undeveloped land, farms, building lots, single-family dwellings, mobile home parks, medical centers, motels, apartment buildings and coroplelles, office buildings, service stations, veterinary clinics, rehabilitation centers, retail buildings, daycare centers, warehouses, and manufacturing facilities. EDUCATION: Bachelor of Business Administration, Pennsylvania State University, 1976. Associate Bachelor of Business Administration, Harrisburg Area Community College, 1974. Diploma, Carlisle Senior High School, 1965. Certificate, Pennsylvania Realtors lIIstitute, GR! I, GR! n, GRI ill. Certificate, ReallOts National Marketing lIIstitute, a 101, CI 102, CI 103, CI 104, a 105. Standards of Professional Practice, American Institute of Real Estate Appraisers. Real Estate Appraisal Principles, American lIIstitute of Real Estate Appraisers. Appraisal Procedures, Appraisal Institute. Residential Vl!.luation, American Institute of Real Estate Appraisers. Principles of Income Property Appraising, Appraisal lIIstitute. Case Studies in Real Estate Valuation, Appraisal Institute. Report Writing. and Vl!.luation Analysis, Appraisallllstitute PROFBSSIONAL UCBNSBS: General Appraiser #GA-<XlOO14-L, Commonwealth of Pennsylvania. Real Estate Broker #RB-029n9-A, Commonwealth of Pennsylvania. PROFBSSIONAL I)BSIGNATIONS: GR!: Graduate of the Pennsylvania Realtors Institute, awarded by the Pennsylvania Association of Realtors. CRS: Certified Residential Specialist, awarded by the Realtors National Marketing lIIstitute of the National Association of Realtors. CCIM: Certifie4 CQmmerciallnvestment Member, awarded by the Realtors National Marketing Institute of the National Association of Realtors. PROFESsIONAL ORGANIZATION AFFILIATIONS: National Association of Realtors Appraisal Section. Carlisle Association of Realtors. Pennsylvania Association of Realtors. National ASsociation of Realtors. RealtoTs National Marketing lIIstilUte. A- (o!)'?) ~ t I ~...... PAST CIJBNTS: Borough of Carlisle Keystone Financial Mortgage Cornerstone Federal Credit Union Pennsylvania State Bank Commerce Bank Harris Savings Bank Dauphin Deposit Bank cumberland-Perry County Association for Retarded Citizens Carlisle Suburban Authori~ Members Ist Federal Credit Union Pennsylvania National Bank Evans Financial Corporation Greenawalt & Company, CPA Smith's Transfer Corporation Carlisle Department of Parks and Recreation Executive Relocation Services Carlisle Area School District Messiah HOl1!Cs, Incorporated ERA Eastern Regional Services Pennsylvania TurilpikeCommission Chase HOl1!C Mortgage Corporation Defense Activities Federal Credit Union Pennsylvania State Employees Credit Union PNC Mortgage Corporation F&M. Trust Company M&T Mortgage Corporation National City Mortgage Corporation Prudential Relocation Services . Lenders' Choice Market Intelligence, Incorporated United Telephone Employees Federal Credit Union Cumberland County Commissioners Allstate Enterprises Mortgage Corporation Dickinson CoIle8e . PPG Industries, Incorporated Gettysburg College RedevelOpment Authority of Cumberland County Record Data Apprail!al. Service, Incorporated FirstUnited Federal Savings Association Washington Teleph<;me Federal Credit Union Sears Mortgage Corporation Provident Home Mortgage Corporation Fulton Bank United States Marshall Service CentralPetlnsylva/lia Savings Association Coldwell Banker Relocation Services, Inc. Maenner Relocation, Inc. GMAC Morgage Corp. First Bank and Trust Company Mellon Bank Orrstown Bank Letterkenny Federal Credit Union BattcPlus Mortgage Corp. Various law firms and individuals J4-- Lr9./Hl) APR-02-01 MaN 11:42 AM RECORDS M AND T BANK FAX NO. 716 635 4561 P. 02/02 m1M&rBank April 2, 2001 u,,: E~I.le Scarch The F.statc of: I):de ofDealh (0.0.0.) M1LORED C GIBSON 11l22f2000 To Whom It May Concem: Identified below i'lhe account information requested. I. M&T Dunk account, in which the decedent'. name appears: Ac<:ount 'lype Account Number Account Tille Opening Branch D.O.D. Accrned Interest Balances (Includes AceI'. Int.) $326.35 $.00 CHK 2677009132 OP~;NED 12/73 CLYDE C GillSON MILDRRO C GIBSON 4319 2. LOi'lnS, Morlgages, 01' other obligations titled in the decedent's name ACeOllnt Number i\mount Owed Account Dcscription NO SM. Deposit Rox \illed in flle Decedent', name existed at our office. If you have any quo,ticns about the infamlation provided, please contact our Records Department at (7]6) 635-4010 Or ]-800-724. 2440 oUl,ide ofth. Bnffulo. NY calling .rea. Thank you. Sincere-I'll M&T !lANK CORPORA TION ny; __~~A.-~ ..\~~ ^llthorizcd Signatllrc "o-"tr- DATE: _.___ '-1- ..:'L::::.P I stH "C \):(~ I Mnnutaclurors arid lradelS Trust Company. 1100 Wehrlo Dove. PO. 130x 767. Buffalo. NY 1~240-0767 JIM BISTLINE, AUCTIONEER 61 SUNSET DRIVE, CARLISLE, PAl 70 13 PHONE (717) 243-7794 MILDRED GmSON ESTATE (CLYDE GmSON EXECUTOR) Listing of the contents of the house at 178 E. South St., Carlisle, PA 17013. MAHOGANY DUNCAN PHYFFE TABLE WOODEN MAGAZINE RACK BREAKFAST TABLE W/4 CHAIRS MAGIC CHEF GAS STOVE HUTCH (DEBBIE) DUNCAN PHYFE DROPLEAF TABLE MAHOGANY 3 PC. BEDROOM SUITE 4 PC PAINTED BEDROOM SUITE PRESSED GLASS TABLE LAMP PAINTED MARBLE BASE LAMP MAHOGANY WALL TABLE FROOTED CEDAR CHEST GORNERCUPBOARD FLATWARE LAMP WIRED OIL MICROWAVE STAND 3 TIER OVAL STAND ROUND MAHOGANY TABLE LIFETIME POTS/P ANS FIESTA 3 T' BOWLS (1 GREY, 1 PINK, 1 ROYAL BLUE) 6000 ALL 8 9 1/2" PLATES 40.00 ALL (3 YELLOW, 1 COBALT BLUE, 2 LIGHT BLUE, 1 WHITE, !GREEN) 7 4 1/2" BOWLS 80.00 ALL (YELLOW, GREY, COBALT BLUE, 2 LT BLUE, ROSE, GREEN, WHITE CHIPPED) SAUCERS (2 COBALT BLUE, 2 LT BLUE, 1 GREEN, 1 YELLOW 1 WHITE) 1 12" COBALT BLUE MEAT PLATTER 15.00 LT GREEN SUGAR 30.00 4 SALT AND PEPPER(2 GREEN, 1 YELLOW, 1 LT BLUE) 15.00 ALL 2 COFFEE CUPS (2 YELLOW, 2 COBALT BLUE, 1 ROSE, ILT GREEN) 20.00 ALL 2 SERVING BOWLS (I LT. GREEN, 1 WHITE) 30.00 ALL FOSTORIA 50.00 ALL 8 GLASSES (STEMW ARE) SUGAR/CREAMER 2 CANDY DISHES $150.00 35.00 100.00 60.00 100.00 225.00 250.00 50.00 15.00 50.00 50.00 l25.00 200.00 3.00 5.00 8.00 7.00 75.00 10.00 15.00 ALL SCI-/ "E. h .I.~ f." } PAGE 2 GmSON APPRAISAL 1 FOOTED DISH VEGETABLE DISH TUDOR PLATE SERVICE FOR 8 BROWN METAL CABINET DEPRESSION DRESSER W/MIRROR CEDAR CLOSET 25.00 15.00 85.00 85.00 ~ Cill:, :Q) "~J " \, LAST WILL AND TESTAMENT I, MILDRED C. GIBSON, of Carlisle, Cumberland County, Pennsylvania, being of sound mind, memory and understanding, do make, publish and declare this as and for my Last Will and Testament, hereby revoking and making void all former Wills by me at any time heretofore made. FIRST. I direct all my just debts and funeral expenses, including all inheritance taxes, that may be assessed against my estate, be fully pai.d and satisfied out of my estate by my personal representative hereinafter named as soon as conveniently may be done after my decease. SECOND. I give, devise and bequeath my entire estate, real and personal, whatsoever and wherever situate, unto my husband, Clyde C. Gibson, Sr., to be his absolutely. THIRD. In the event my said husband, Clyde C. Gibson, Sr., should predecease me or we should both die as the result of a common disaster, then in either of those events, I give, devlse and bequeath my enti.re estate, real and personal, whatsoever and wherever si.tuate, unto my three children, namely, Clyde C. Gibson, Jr., Peggy Lou Carlson and Roms Elaine Morrison, in equal shares, share and share alike, or to their issue if any of them should predecease me. LASTLY, I nominate, constitute and appoint my said husband, Clyde c. Gfbson, Sr., Executor, of this my Last t-Iill and Testament, i.f li.ving and able to serve, otherwise I nominate, constitute and appoint my son, Clyde C. Gibson, Jr., successor Executor, of this my Last Will and Testament. IN WITNESS WHEREOF, I have hereunto set my hand and seal this ,-1:1, ~ day of August, A.D., 1976. 'frJ .'L)4..l ~ X!J~ (SEAL) Signed, sealed, published and declared by the above named Testatrix, Mildred C. Gibson, as and for her Last Will and Testament, in the presence of us ~ who, at her request and in her presence and i.n the presence of each other, have hereunto subscribed our names as witnesses the~eto. C kb-//.~~/ / ~n ,.. ~ ,c;;,~A ,..tJ J.t 110'l.BO'l REV 9fR6 This is to certify that the information here given is correctly copied from an original certificate of death duly filed with me as Local Registrar. The original certificate will be forwarded to the State Vital Records Office for permanent filing. WARNING: It is illegal to duplicate this copy by photostat or photograph. No. "",I,I'fI""n""",,,, II"'~ ~\.iH OF p[;:---_." ""~~"(.AI ." ,i~' . "~;, $~-~ ~\. !~ c- '-:. . \~~ \~~. ._...'.".'.~...., ,If} .. a . ". . - ~~" ~ ~ - <..::s ...- "" -i",? ~\." ", "'--. ''''ENT 1.\\ """" """"""OllIJl//IfI/J,,1 l\.~ ~. \='~&.~~~ Local Registrar Fee for this certificate, $2.00 P 6960367 DEe 2 5 2000 Date Hl05. a,J Aev 2187 COMMONWEALTH OF PENNSYLVANIA. DEPARTMENT OF HEALTH. VITAL RECORDS CERTIFICATE OF DEATH ~IHT N....ME OF DECEDENT (fors'- MI~. L., Mildred '- C. Gibson ST,tJ'1E FILl NU....8ER SOCIAl. SECURITY NUMBER ,. 202 - 20 292) DATe OF DEAT"" ,),.tCl"llfl. 0..... '''eaI1 EHT 'HK AGE (La. !)orttlda'O 8.5 UNO€R 1 VEAR ......... Iloys UHOEA 1 DAY Hours ! Minut.. ~December 22,2000 v.. BtRTHPlACE !Coly ~ Cu~b"'erTancr C Penna. ~,o .. COUNTY OF DERH ~i Cumberland Carlisle RACE . A~ Indian. BtIlctI.. Whir., ltK ,_, Whi te .. Ie. lei. DECEDENT.S USUAL OCCUPAllON KINO OF 8USlNE,SS/lNOUS1RY tCO'.... kInO d work dOI'4 dut~ m(JIIt oIH'OlTseW"rre .... Own Home . ,,.. "It. DECEDENT'S MAILING AOORESS (Sf,.... CiCyffown. s....ZapCodel DECE[)fNT'S l7ff East South Street ~~~ Carlisle,Pennsylvania 170 ~ ,.. FATHER'S NAUE (First. ModdIe. last) ~ Kessel R. Gordon ...Ofl"-"HT.S....~&'!lmno} E. Morr~son 200. WE1ltOO Of OtSPOSIT~ O BuNIl.fi. Cr.rn,"ion 0 ~ 0:,,*(Spec~1 21L StGNRURE ,.. w.t.S OECEOENl E~A 1M U.S. ARMEDFOACES1 "..0 ...r$., MARITAL STATUS. Mamed N~ """*'. Widowwd. -- Widow SUFMVIN(t SPOUSE m........ orw rNoOen namet Cumberland ""' --- W.ina _, two Carlisle ''''. tioy...... 6..~c{Ac.. ~ DuE 10 lOR AS I4.CQNSEOUENC:E j'A.l\A- 2311. 23e. ....sCASE REFERRED TO :~OO EXAMINERJCORONEA1 Ho~ K. I Appt'oxma.I. PART N: Other aignif'lcant ~ conlribullng 10 dIIlth. bI.1C 'inIft'qI......" noI1MUIl:ing inttM ~~QMtnir\PI\RT I. i 0Mel: and dHCh i A OATE PRONOUNCED DEAD IMonI1. Day. )\!er) ... 71)0 M:". December 22,2000 27. MItT I: Emec l~ diyaMto. injunM Of COlT'IpkIltionS which caUSfd 1M tHai". 00 not .nl_Ih. mode 01 dying, such as carGile Of 'espiralOlY anesl. .hock or r.art lailut. list ot'Iy ON cause on .adllintl. b. DuE lO-l'OR AS A. CONSEoueNCE OF); O\JE "'lOA'" CONSEQUENCE Qf)' .. WERE AUTOPSY FINDINGS ""'ILABlE PAK)A 10 COMPLE"TtON OF CAUSE OF""""'? MANNER OF DEATH ...~ v" 0 ...0 ........ - ....... ~ o o OATE OF INJURY IUonth. Day, .....1 TIMe OF INJURY INJURY /if \'YORK? DESCRIBE HOW INJURY OCCURRED. HomiCide o o o ~CEOFINJURY'AI~.tarm~;elt1.tJlctory.otnee .... ~MC;.lSpecttvl _. Voo 0 ...0 Pendtrtg lrwMtiqlllort ~\,~1,01 o CotIId noI be del.nnll'ttd .... 2Ib. CEllTWI(R (Cr-IICJI; only OMI "CERTIFYING PHySlC....N (Ph'(SlOoln Cf!nllytr1g ~ r:J de_" wt\ef\ ~ ocv,s.c<an has ptonounced dealh ar'IO compteted"ern 131 To !he -.. 0' my knowledV-. death occurraod chM to Ihe cavM(I'and manner a. stalH. . . . . . . . . . . . . . . . . . . . . . . :zo. .PfK)M()U'NCtHC ANO C!.RT1FYING PHYStC1AN (Phys.cen boItl .,..~ncll"lg oealt1 and Ce-r'lll'fll"l9 10 cause of deathl To 'h. blNt of my knowledgfJ. d..lt't occurred at the"""-. data, and plac., and due to the CaUNe'Jand manne,.. I'ated '''EDtCAL EXAMINER/CORONER On the b..is 0' .umin'1Ion and/or InvesUg'hon, in my opinion. death occurred at the time, dete, and plaee! and duelo the C.Use(l}and ft\.nn~ as s'-te-d.. . :)1.. AEGISfRAA.S SIGNATURE AND N B o "'. d [;; d. ()1SD , I PETITION FOR PROBATE and GRANT OF LETTERS Estate of MILDRED C. GIBSON also known as Deceased. Social Security No. 202-20-2923 No. ~l-D\- \~ To: Register of Wills for the County of Cumberland in the Commonwealth of Pennsylvania The petition of the undersigned respectfully represents that: Your petitioner is 18 years of age or older and the Executor named in the last will of the above decedent, dated August 6, 1976 and codicil(s) dated [none]. (state relevant circumstances, e.g., renunciation, death of executor, etc.) Decedent was domiciled at death in Cumberland County, Pennsylvania, with her last family or principal residence at 178 East South Street, Borough of Carlisle. Decedent, then 85 years of age, died December 22, 2000, at 178 East South Street, Carlisle, Pennsylvania. Except as follows, decedent did not marry, was not divorced and did not have a child born or adopted after execution of the will offered for probate; was not the victim of a killing and was never adjudicated incompetent: Decedent at death owned property with estimated values as follows: (If domiciled in Pa.) All personal property (If not domiciled in Pa.) Personal property in Pennsylvania (If not domiciled in Pa.) Personal property in County Value of real estate in Pennsylvania situated as follows: Borough of Carlisle, Cumberland County, P A $ unestimated $ $ $ unestimated WHEREFORE, petitioner respectfully requests the probate of the last will and codicil(s) presented herewith and the grant of letters testamentary thereon. IJf:t,t a. -k~t C" ".~ Cly e C. Gibson, Jr. . '( 172 East South Street Carlisle, P A 17013 (717) 249-2976 --------------------------------------------------------------------- --------------------------------------------------------------------- OATH OF PERSONAL REPRESENTATIVE COMMONWEALTH OF PENNSYLVANIA) : 55. COUNTY OF CUMBERLAND ) The petitioner above-named swears or affirms that the statements in the foregoing petition are true and correct to the best of the knowledge and belief of petitioner and that as personal representative of the above decedent, petitioner will well and truly administer the estate according to law. (l/t/~ ~ Jt.L . - ..... Cly C. Gibson, Jr. /' - Sworn to or affirmed and subscribed before me this 4 TH day of JANUARY , 20 1 . 1 - Register . I 1(' ('. I \L --I \ (" , '.) No. 21 - 01 - 18 Estate of Mildred C. Gibson, Deceased DECREE OF PROBATE AND GRANT OF LETTERS AND NOW, JANUAR Y 5. ?001 , in consideration of the petition on the reverse side hereof, satisfactory proof having been presented before me, IT IS DECREED that the instrument(s) dated August 6, 1976 described therein be admitted to probate and filed of record as the last will of Mildred C. Gibson and Letters Testamentary are hereby granted to Clyde C. Gibson, Jr. FEES Probate, Letters, Etc. Short Certificates(2 ) Renunciatio):\ X-Pages (1) JCP TOTAL $ 200.00 $ 6.00 $ $ 3.00 $ ~.OO ?1L1. 00 '7Ji (J !it ' {/biJ;t /l/Af- .. 'j} L.J./' ~.--k/2- t.1}) l._, - t . I Register otWills ' ,I J MARY CLEWIS C Edward L. Schorpp, 17495 ATTORNEY (Sup. Ct. LD No.) MARTSON DEARDORFF WILLIAMS & OTTO 10 East High Street Carlisle, P A 17013 (717) 243-3341 W ill Book # Page Filed JANUARY 5, 2001 '..:::.:\ Called attorney on 1-5-2001 F . FI LES\DA T AFI LE\EST A TES\ 1 0265-lellel"' te, . . LAST WILL AND TESTAMENT I, MILDRED C. GIBSON, of Carlisle, Cumberland County, Pennsylvania, being of sound mind, memory and understanding, do make, publi sh and declare this as and for my Last Will and Testament, hereby revoking and making void all former Wills by me at any time heretofore made. FIRST. I direct all my just debts and funeral expenses, including all inheritance taxes, that may be assessed against my estate, be fully paid and satisfied out of my estate by my personal representative hereinafter named as soon as conveniently may be done after my decease. SECOND. I give, devise and bequeath my entire estate, real and personal, whatsoever and wherever situate, unto my husband, Clyde C. Gibson, Sr., to be his absolutely. THIRD. In the event my said husband, Clyde C. Gibson, Sr., should predecease me or we should both die as the result of a common disaster, then in either of those events, I give, devise and bequeath my entire estate, real and personal, whatsoever and wherever situate, unto my three children, namely, Clyde C. Gibson, Jr., Peggy Lou Carlson and Roma Elaine Morrison, in equal shares, share and share alike, or to their issue if any of them should predecease me. LASTLY, I nominate, constitute and appoint my said husband, Clyde C. Gibson, Sr., Executor, of this my Last Will and Testament, if living and able to serve, otherwise I nominate, constitute and appoint my son, Clyde C. Gi bson, Jr., successor Executor, of this my Last Will and Testament. IN WITNESS w~EREOF, I have hereunto set my hand and seal this I^~ ~ day of August, A.D., 1976. ')r;.;'J/l"j/ C .>&~ (SEAL) \. Signed, sealed, published and declared by the above named Testatrix, Mildred C. Gibson, as and for her Last Will and Testament, in the presence of us, who, at her request and in her presence and in the presence of each other, have hereunto subscribed our names as witnesses thereto. C~f _ ~.- ~b--v7~&,;i~"'1--/ ,,/ F" ,/'/ ~ /? LM ~,7Zdut~" P .,..:f fz MARTSON DEARDORFF WILLIAMS & OTTO MQW&to TEN EAST HIGH STREET CARLISLE, PENNSYLVANIA 17013 ~~. ATTORNEYS & COUNSELLORS AT LAw WILLIAM F. MARTSON JOHN B. FOWLER III EDWARD L. SCHORPP DANIEL K. DEARDORFF THOMAS J. WILLIAMS' Ivo V. OTTO III GEORGE B. FALLER JR.' CARL C. RISCH MARK A. DENLINGER 'BOARD CERTIFIED CIVIL TRIAL SPECL~UST TELEPHONE (717) 243-3341 FACSIMILE (717) 243-1850 INTERNET www.mdwo.com March 20, 2001 Mary C. Lewis Register of Wills Cumberland County Courthouse Carlisle, P A 17013 RE: Estate of Mildred C. Gibson Estate No. 21-01-0018 Date of Death: December 22,2000 Dear Mrs. Lewis: Enclosed with this letter is estate check number 1010 in the amount of $1,800.00 representing payment of Pennsylvania Inheritance Tax in the above-referenced estate. Will you please issue the appropriate receipt and forward it to me at the above address. I thank you in advance for your prompt attention to this matter. Very truly yours, MARTS ON DEARDORFF WILLIAMS & OTTO ~~ Edward L. Schorpp ELS/tlm Enclosure HAND DELIVERED F .\FILES\DAT AFILEIEST ATES\FORMS~-row.tax.payment I N FOR MAT ION · A D V ICE · A D V 0 CAe y SM \ /~-~?"'J? COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE <;i v" o BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISIOH DEPT. 280601 HARRISBURG, PA 17128-0601 NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX EDWARD L SCHORPP MARTSON ETAL 10 E HIGH ST CARLISLE DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 06-05-2001 GIBSON 12-22-2000 21 01-0018 CUMBERLAND 101 ESQ ~ Amount Remitted PA 1,7013 REV-1547 EX AFP Cl2-DDI MILDRED C MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ REV=iS4-j-E3f-AFP--fi'2:ooY-NoficE--oF-iNHEifiTANCi-YAX-XPPRA-isEifENT-:--ALrOWAN-CrO"R----------------- DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF GIBSON MILDRED C FILE NO. 21 01-0018 ACN 101 DATE 06-05-2001 TAX RETURN WAS: (X) ACCEPTED AS FILED ) CHANGED RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Stock/Partnership Interest (Schedule C) 4. Mortgages/Notes Receivable (Schedule D) 5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) 6. ~ointly Owned Property (Schedule F) 7. Transfers (Schedule G) 8. Total Assets (1) (2) (3) (4) (5) (6) (7) 59,000.00 .00 .00 .00 2,701.87 .00 .00 (8) NOTE: To insure proper credit to your account, submit the upper portion of this form with your tax payment. 61, 701. 87 APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) 10. Debts/Mortgage Liabilities/Liens (Schedule I) 11. Total Deductions 12. Net Value of Tax Return 13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule ~) 14. Net Value of Estate Subject to Tax (9) (10) 11,874.33 933.24 (11) (12) (13) (14) NOTE: I~ an assessment was issued previously, lines re~lect ~igures that include the total o~ ALL ASSESSMENT OF TAX: 15. Amount of Line 14 at Spousal rate (15) 16. Amount of Line 14 taxable at Lineal/Class A rate (16) 17. Amount of Line 14 at Sibling rate (17) 18. Amount of Line 14 taxable at Collateral/Class B rate (18) 19. Principal Tax Due TAX CREDITS: PAYMEN DATE 03-20-2001 05-02-2001 12.807 57 48,894.30 .00 48,894.30 14, 15 and/or 1&, 17, 18 and 19 will returns assessed to date. .00 X 00 = 48,894.30 X 045 = .00 x 12 = .00 X 15 = (19)= R CEIPT NUMBER AA478182 AA496539 DISCOUNT (+) INTEREST/PEN PAID (-) 94.74 .00 AMOUNT PAID 1,800.00 305.50 TOTAL TAX CREDIT BALANCE OF TAX DUE INTEREST AND PEN. TOTAL DUE * IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. .00 2,200.24 .00 .00 2,200.24 2,200.24 .00 .00 .00 ( IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU HAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) . ,> E- F: IFILESIDA T AFlLEIEST A TESI 10265-notice.cer CERTIFICATION OF NOTICE UNDER RULE 5.6(a) Name of Decedent: MILDRED C. GIBSON Date of Death: December 22,2000 File No. 21-01-0018 To the Register: I certify that notice of estate administration required by Rule 5.6(a) of the Orphans' Court Rules was served on or mailed to the following beneficiaries of the above-captioned estate on or about January 9,2001. Clyde C. Gibson, Jr., 172 East South Street, Carlisle, P A 17013 Roma E. Morrison, 174 East South Street, Carlisle, PA 17013 Peggy L. Carlson, 5315 Ravensworth Road, Springfield, VA 22151 Notice has now been given to all persons entitled thereto under Rule 5.6(a) except: N/A Date: January 9, 2001 Signature Name /~~ Edward L. Schorpp, Esquire MARTSON DEARDORFF WILLIAMS & OTTO Ten East High Street Carlisle, P A 17013 (717) 243-3341 Attorneys for Personal Representative c/ REGISTER OF WILLS OF CUMBERLAND COUNTY STATUS REPORT UNDER RULE 6.12 (For Resident Decedents Dying After July 1, 1992) Name of Decedent: MILDRED C. GIBSON Date of Death: December 22, 2000 File No. : 21-01-0018 Social Security No. : 202-20-2923 Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 1. State whether administration of the estate is complete: Yes X No 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: 3. If the answer to No.1 is Yes, state the following: a. Did the personal representative file afinal account with the Court? Yes No X b. The separate Orphans' Court No. (if any) for the personal representative's account is: c. Did the personal representative state an account informally to the parties in interest? Yes X No d. Copies of receipts, releases, joinders and approvals of formal or informal accounts may be filed with the Clerk of the Orphans' Court and may be attached to this report. Date: July 6, 2001 Signature: Name: Address: ~-~~- Edward L. Schorpp, Esquire . MARTSON DEARDORFF WILLIAMS & OTTO Ten East High Street Carlisle, P A 17013 (717) 243-3341 Counsel for personal representative F\F1LES\DA T AFlLE\EST A TESI! 0265-!tlltus.report , f :IfILESIDA T AfILElEstates\ I 0265-Rect&Re1 RECEIPT AND RELEASE WHEREAS, Mildred C. Gibson, late of the Borough of Carlisle, Cwnberland County, Pennsylvania, died on the 22nd of December, 2000, having first made her Last Will and Testament, in writing, dated August 6, 1976, which since her decease was duly probated before the Register of Wills of said Cumberland County, and Letters Testamentary issued to Clyde C. Gibson, Jr., the Executor named in the Last Will and Testament of said decedent. ~ ~ (Q) <<! NOW KNOW ALL MEN BY THESE PRESENTS that I, Clyde C. Gibson, Jr., being one of the legatees and distributees named in the Will of said decedent, and a person entitled to share in the residuary distribution of the estate of said decedent, do hereby declare and state that I have examined the attached Account and Schedule of Proposed Distribution and find the same to be true and correct and in strict accordance with the terms and provisions of said Will, and I do hereby acknowledge that I will receive of and from Clyde C. Gibson, Jr., Executor of the Estate of Mildred C. Gibson, the cash set opposite my name in the above-stated Schedule of Proposed Distribution, in full satisfaction, payment and discharge of all such swn or swns of money, legacies and bequests, share or shares, purparts and dividends which were due, owing and payable and belonging to me by any means whatsoever, for or on account of my full share, part or dividend in the ESTATE OF MILDRED C. GIBSON, DECEASED, and all interest accrued thereon. NOW, THEREFORE, I, the said Clyde C. Gibson, Jr., do by these presents remise, release, quit-claim and forever discharge the said Clyde C. Gibson, Jr., his heirs, executors and administrators, of and from my said share or dividend of the estate aforesaid, and of and from all actions, suits, payments, accounts, reckonings, claims and demands whatsoever, for or by reason thereof, or of any act, matter, cause or thing whatsoever, from the beginning ofthe world to the day and date of these presents. AND desiring to avoid the delay and expense of the settlement of said Estate by filing the foregoing Account of said administration in the Office of the Register of Wills of said County, and by having the balance in the hands of the Executor as shown by said Account distributed by the Court of Common Pleas of Cumberland County, Orphans' Court Division, I do hereby agree that the foregoing statement concerning the matter of settlement may be recorded with the same effect upon me as if the same had been reported upon by said Court, in a decree of distribution made on such report by the said Court of Common Pleas, Orphans' Court Division. '). AND in consideration ofthe aforesaid settlement being made without the aid of such Court of Common Pleas - Orphans' Court Division, that I, the said Clyde C. Gibson, Jr., do hereby agree that if any debts or demands other than those included in the Statement of Account of the said Clyde C. Gibson, Jr., Executor of the Estate of Mildred C. Gibson, Deceased, as hereinbefore set forth, shall be hereafter recovered against the Estate of said decedent and be legally payable out of the same, that I will return to the said Clyde C. Gibson, Jr. such amount thereof as may be necessary to pay such debts or demands. IN WITNESS WHEREOF, I have hereunto set my hand and seal this ~ I f.+ day of June, 2001. WITNESS: /7"-- ~ ~~ 1l/~ ~~l ~ J(.a. - ~.~ Clyde C. Gibson, j/' (SEAL) COMMONWEALTH OF PENNSYLVANIA ) : SS. COUNTY OF CUMBERLAND ) On this, the a ls.1 day of C1tv-nu ,2001, before me, a Notary Public, personally appeared Clyde C. Gibson, Jr., knowxa~ me to be the person whose name is subscribed to the within instrument and acknowledged that he executed same for the purposes therein contained. IN WITNESS WHEREOF, I have hereunto set my hand and official seal. ~~~~d_-aJ Notary Public ~ NOTARIAL SEAL CORRlNE l. MYERS. Notaf'Y Public Carlisle Bere. 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Sworn to or affirmed and subscribed before me this 4TH day of JANUARY , 2001 MARY . -, -", ~t4 (d..RL. ~. Cl de C. Gibson, Jr ~ - 172 East South Street ~7013 " , - ~ . ff\~c::rV Roma E. Morrison I 174 East South Street Carlisle, P A 17013