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COMMONWEALTH OF REV -1500 OFFICIAL USE ONLY
PENNSYLVANIA
. , DEPARTMENT OF REVENUE INHERITANCE TAX RETURN FILE NUMBER
DEPT. 280601 RESIDENT DECEDENT ~L - LlL d.5
HARRISBURG, PA 17128-0601 --
CO\.tffi' CODE ''''' N.J,lBER
DECEDENTS NAME (LAST, FIRST. AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER
l-
Z VIPOND, DAVID S. 195-10-8751
UJ DATE Of DOATH (MM-DD- YEAR) DATE OF BIRTH (MM-DD.YEAR) THIS RETURN MUST BE FilED IN DUPLICATE WITH THE
0
UJ 11/15/2000 07/03/1909 REGISTER OF WILLS
()
UJ (If APPLI:ABlE) SURVMNG SPOUSE'S NAME (LAST. fiRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER
0
VIPOND, FLORENCE N.
w IZI t Original Return 0 2. Supp_al Relurn o 3. Remainder Relum (date ofllealh pfiorto 12.13-82)
~~(f) IZI 4. Lrm~ed Estate 0 4a. Future Interest Compromise {date of death after 12-12-82} IXJs Federal Estate Tax Return Required
,-,"'"
wo.'-' [Xl 6, Decedent Died Testate (Attach copy of Wi~' 0
I~S 7. Decedent Maintained a UVlng Trust (Attactl copy ofTr~) -1,s Total Number of Safe Deposit Boxes
'-'0.'"
0. o 9. LitIgation Proceeds Received o 10. Spousal Poverty Credit (dale of dealhbetween 12.31.91 arid 1-1-95) 011. Electioo 10 tax under Sec. 9113(A) (Attach Sch 01
"
.... THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
z NAME COMPLETE MAILING ADDRESS
w
" DONNA L. COLLINS 1100 NORTH MARKET STREET
z
0 FIRM NAME (If Applicable)
0. WILMINGTON, DE 19890
<J) WIU.c:NGTON TRUST COMPANY
w
0: TELEPHONE NUMBER
0:
0
" (302.) 651-1839
1 Real Estate (Schedule AI (1) 0.00 OFFICIAL USE ONLY i
2. SlOCi<s and Bornjs (Schedule B) (2) 1,239,131.72
3. Closejy Held Corporation, PartnerShip or Sole-Proprietorship (3) 859,930.00
4, Mortgages & Notes Receivable (Schedule D1 (4) 0.00
5. Cash, Balk Deposits &. Miscenaneous Personal Property (5) 186,573.53
Z (Schedule EI
0 6. J~ntly Owned Property (Schedule f) (6) -
~ o Separate Billing Reque~ed
..J 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) 240,349.94
::;)
l- (Schedule G 01' l)
0: B. Total Gross Assets (total Lrnes 1 . 7) (8) 2,525,985.19
<I:
() g. FuneraJ Expenses & Administrative Costs (Schedule H) (9) 14,725.79
UJ
0::: 10. Debts of Decedent, Mort9age Liabilrties, & Liens (Schedule II (10) 1,950.69
11. Total Deductions (total Lines 9& 10) (11) 16,676.48
12. NeI Value of Estale (line 8 rninus Line 11) (12) 2,5D9,308.71
13. Charitable and Governmental BequestslSec 9113 Trusts for which an election to tax has not been (13) 2,228,958.77
made (Schedule J)
14. Net Value Subject to Tax (Une 12 minus Line 13) (14) 280,349.94
SEE INSTRUCTIONS FOR APPLICABLE RATES
Z 15. Amount of Line 14 taxable at the spousal tax
0 255,349.94 x.o~ 0.00
~ rate, OI'transfers under See 9116 (a)(1,2) (15)
25,000.00 xO 45 1,125.00
l- 16, Amoonl of Line 14 taxable at lineal rate (16)
::;)
a. 17. AmoontofLirle 14taxab\e at sibling rate X .12 (17)
:iE
0 18. Amount of Line 14 taxable at collateral rate X .15 (IS)
()
X 19. Tax Due (19) 1,125.00
~ 20. 0 I CHECK HERE IF YOU ARE REQUESTING A REFUND OFANOVERPAYMENTI
16-r::.bo ~!?
STFPA42021F,1
> > BE SURE TO ANSWER ALL QUESTIONS ON REVERSE SIDE AND RECHECK MATH < <
Decedent's Complete Address:
STREET ADDRESS 4 4 BULLOCK CIRCLE
CrTY CARLISLE I STATE PA I ZIP 17013
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. Credits/Payments
A. Spousal Poverty Credit
B. Pnor Payments
C Discount
(t)
1,:25.00
3. InteresVPenalty if applicable
D Interest
E. Penalty
Total Credits (A + B + C) (2)
TotallnteresVPenalty (D + E) (3)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT.
Check box on Page 1 Line 20 to request a refund (4)
5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE,
(5)
0.00
1,125.00
A. Enter the interest on the tax due.
(SA)
B. Enter the total of Line 5 + SA. This is the BALANCE DUE, (5B)
Make Check Payable to: REGISTER OF WILLS, AGENT
1,125.0D
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; . . . . . . . . . . . . . .. 0 [ZJ
b. retain the nght to designate who shall use the property transferred or its income; . . . . . . . . . . . . . . . . . .. 0 [ZJ
c. retain a reversionary interest; or . . . . . . . . . 0 [ZJ
d. receive the promise for life of either payments, benefits or care? . . . . . . . . . . . . . . . . . . . . .. IZJ 0
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death
without receiving adequate consideration? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 0 [ZJ
3. Did decedent own an "in trust for' or payable upon death bank account or secunty at his or her death? . 0 [XI
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation? .. . . . . . . .. .. .. .. .. . .. .. .. . .. . . . . . .. . .. 0 [XI
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN,
Under penatties of p ,declare that I have examined thiS return, including accompanying schedules and statements, and to the best of my knowledge and belief, ~ is true, correct and complete.
Declaration of prep 01 than the personal representative is eel on all" of wflidl preparer has any knowledge.
SIGNAT E P SON RESPONSIBLE F F IN R DATE
ADDRESS
1100 NORTH MARKET STREET, WILMINGTON, DE 19890
SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE
DATE
ADDRESS
For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse IS 3%
[72 P.S. ~9116 (a) (1.1) (i)].
For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or lor the use of the surviving spouse is 0% [72 P.S. ~9116 (al (1.1) (ii)].
The statute does not exernot 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 twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive
parent, or a stepparent of the child is 0% [72 P.S. ~9116(a)(1.2)].
The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficianes is 4.5%, 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% [72 P.S. ~9116(a)(I.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.
STFPA42021F.2
REV.1502 EX + (1-97111,
COMMONVv'EALTH OF PENNSYL\8I.N1A
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE A
REAL ESTATE
ESTATE OF FILE NUMBER
DAVID S VIPOND 2001-00033
All real property owned solely or as a tenant in common must be reported at fair mmet value. Fair ma1cet value is defined as the price at which proper1ywould be exchanged between z
willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable k;o.vIec!ge of the relevant facts. Real property which is jointly-owned with right
of survivorship
must be disclosed on Schedule F.
ITEM
NUMBER
1.
DESCRIPTI:JN
VALUE AT DATE
OF DEATH
NONE
o.oc
STFPA42021F,3
TOTAL (Also enter on line 1, Recapitulation) $
(If more space IS needed, Insert additionai sheets of the same size)
o.oc
REV-15C3 EX" (1-9"')(1)
COMMONWEALTH OF PENNSYLVANlA.
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE B
STOCKS & BONDS
ESTATE OF
:lAVID S VIPOND
FILE NUMBER
2001-00033
All property jointty-owned with the right 01 survivorship must be disclosed on Schedule F.
ITEM
NUMBER DESCRIPTION
SEE SCHEDULE ATTACHED
VALUE AT DATE
OF DEATH
2,099,061.72
2
LESS: CLOSELY HELD CORPORATION
(859,930.00
TOTAL (Also enter on line 2, Recapitulation) $ 1 2 3 9 1 31 7 2
, , .
(If more space is needed, insert additional sheets of the same size)
SifPA42021F.4
::s:::ace of: DAVID S. VIFDND
SQJE[J(JIE B
Stocks and Bonds
Description
CUSIP
Number
Unit
Value
_ o~o SPS ALC~~, COMMON, NO 013904305 58.15625
PAR @ $58.15625
- 6,750 S?S BIOMET INC, COMMON, 090613100 37.96875
NO ~~~ @ $37.96875
- 2,956 COGNEX CORP, COMMON, @ 192422103 29.59375
$29.59375
- 1,500 SPS PITNEY BOWES INC, 724479100 29.18750
CJMMON 32.00 PAR @ $29.18750
_ 2,000 srs RAYTHEON CO, 755111408 34.0000
CJMMON, CLASS B, $1.00 PAR @
$34.000e
_ 4,000 srs ST"JRM RU3ER & CO.
::NC, CCMMON, $1. 00 PAR @
S8.84::75
864149108
8.84375
- 3,805 SPS ME'IRO CORP, COMMON, 99R482102
g) 5226.00
226.00
_ 22,883.1360 T]NITS DMC TAX 233216100
?REE ::Nc::::ME TR PA Sri BEN INT
A @ $7.56
7.66
. 13,745.3020 L~TS EATON VANCE 27826H578
~v::- 3. PA :c.W M1JN A @ $9.99
9.99
~o 30,666.7780 UNITS MUNICIPAL 625922505
SEC ::Nc::::ME TR FED PA M1JN A @
Sll.C3
11.03
500 S?S FDTTER IN::;~r:.GMENT
C:1, CCMMON, DE~
"NOR'I'!-i ::-::s
~: 4,000 S:=S S'IANDARD w::DD OF PA
DEBEN~_?E 10% 9/30/85 -
DECU-BS WORTHLESS
-- 1,OGC SPS S'IANDARD w::DD OF
?SNNS:C-=".7\NIA ::::NC, CCMMJN -
DEc:::LA.?-==: WOR'!}-.I,r;'~S
99S482101
:'v~.~.""~'"T.I forwa.."""Ci to main schedule} . . . . . .
Alt. Val.
Date
o
o
o
Alte:mate
Value
Page 2
:"95-10-8751
Value a':
Date of I:ea::h
47,397.34
256,289.'::6
87,479.13
43,781.25
63,00C.:0
35,375. ':10
859,930.:0
:75,284.52
::'S7/27C.::c
338,254.56
l",.y,",
C.:::
" ~;"
..... . ....'~
2,099,061.72
:':state of: DAVID S. VIRJND
SCHE:YJ....E B
:.m
C"JSIP
Numl:::€r
~.
Des=iption
:4 1,500 sns SUNDRIES MARKETING 99T482100
CD INC, CJ:MMJN - DEClARED
WJR'I'HLESS
- 10,000 SPS WINCBESI'ER lARDER 99U482108
MINES LIMITED, <::.'CIVM)N -
DEClARED WJR'IHLESS
Stocks ar1d Bonds
"JrJ.t Ai::. val.
Value Da.te
o
o
'TOTAL. (Ca..."""ry ::or:.va......u to mai.'"1 sc..l-}edt.J.e) . . . . . .
Alternate
Value
Page 3
195-10-8751
Value at
Date of Death
0.00
0.:)0
0.00
REV-1S04 EX ~ (1-97\ (P
COMMON~lTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE C
CLOSELY-HELD CORPORATION,
PARTNERSHIP or SOLE-PROPRIETORSHIP
ESTATE OF
DAVID S VIPOND
FILE NUMBER
2001-00033
Schedule C-1 or C-2 (Including all supporting infonnation) must be attached for each closely-held corporation/partnership interest of the decedent. other than a sole-proprietorship
See instructions for the supporting infonnation to be submitted for sole-proprietorships.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1.
3,805 SHS METRO CORP, COMMON @ $226.00
859,930.00
STFPA42021F.5
TOTAL (Also enter on line 3, Recapitulation) $
(If more space IS needed, Insert additional sheets of the same size)
859,930.00
REV-i585 EX oj. li~sm (I,
COMMONlfIlEAL1H OF PENNS'<lVANlA
INHERITANCE TAX. RETURN
RESIDENT DECEDENT
SCHEDULE C-1
CLOSELY-HELD CORPORATE
STOCK INFORMATION REPORT
ESTATE OF
DAVID S VIPOND
FILE NUMBER
2001-00033
1.
Name of Corporation METRO CORPORATION
Address 1105 N. MARKET STREET, SUITE
City WILMINGTON State DE
Federal Employer I.D. Number 24 - 0 7 : 7 52 0
Type of Business INVEST ING
1300
lIDCede 19899
State of Incorporation DELP,K.L>RE
Date of Incorporation 05/ C 1 :' 1 966
Total Number of Shareholders
,
,
2.
3.
Business Reporting Year 0 3 / 31
ProducVService INVESTMENTS
4.
TYPE TOTAL NUMBER OF NUMBER OF SHARES VALUE OF THE
STOCK Voting/Non-Voting SHARES OUTSTANDING PAR VALUE OWNED BY THE DECEDENT DECEDENT'S STOCK
Common VOTING 3,805 $ 859,930.00:
Preferred $ ,
Provide all rights and restrictions pertaining to each class of stock.
5. Was the decedent employed by the COIporation? DYes IZJNo
DYes
Annual Salary $
IZJ No
Time Devoted to Business
If yes, Position
6. Was the Corporation indebted to the decedent?
If yes, provide amount of indebtedness $
7. Was there life insurance payable to the corporation upon the death of the decedent? 0 Yes IZJ No
If yes, Cash Surrender Value $ Net proceeds payable $
Owner of the policy
8. Did the decedent sell or transferstock of this company within one year priorto death or within two years if the date of death was prior to 12.31-82?
DYes IZJ No If yes, 0 Transfer
OSale
Number of Shares
Transferee or Purchaser
Attad'! a separate sheet for additional transfers and/or sales.
Consideration $
Date
9. Was there a written shareholder's agreement in effect at the time of the decedent's death?
If yes, provide a copy of the agreement
10. Was the decedent's stock sold? DYes IXlNo
If yes, provide a copy of the agreement of sale, etc.
11. Was the corporation dissolved or liquidated after the decedent's death? 0 Yes [ZJ No
If yes, provide a breakdown of distributions received by the estate, including dates and amounts received.
12. Did the corporation have an interest in other corporations or partnerships? 0 Yes IXJ No
IXlYes DNa
If yes, report the necessary information on a separate sheet, including a Schedule C-1 or C-2 for each interest
THE FOLLOWING INFORMATION MUST BE SUBMITTED WITH THIS SCHEDULE
,
I
1
A Detailed calculations used in the valuation of the decedent's stock.
B. Complete copies of financial statements or Federal Corporate Income Tax retums {Form 1120) for the year of death and 4 preceding years.
C. If the corporation owned real estate, submit a list showing the complete address/es and estimated fair market value/s. If real estate appraisals have been
secured, attach copies.
D. List of principal stockholders at the date of death, number of shares held and their relationship to the decedent
E. List of officers, their salaries, bonuses and any other benefits received from the corporation.
F. Statement of dividends paid each year. List those declared and unpaid.
G. Any other information relating to the valuation of the decedent's stock.
STFPA42021F.6
REV-~ 506 EX .. I1_G:;. (i
COMMONVVcALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE C.2
PARTNERSHIP
INFORMATION REPORT
ESTATE OF
DAVID S VIPOND
FILE NUMBER
2001-00033
1. Name of Partnership
Address
City
2. Federal Employer I.D. Number
3. Type of Business
4, Decedent was a 0 General
Date Business Commenced
Business Reporting Year
State
Zip Code
ProducUSe",ce
o limited partner. If decedent was a limited partner provide initial investment $
5.
PERCENT OF PERCENT OF BALANCE OF
PARTNER NAME INCOME OWNERSHIP CAPITAL ACCOUNT ,
A. ,
B.
C. .
0, ,
6. Value of the decedent's interest $
7. Was the Partnership indebted to the decedent? DYes DNo
If yes, pro~de amount of indebtedness $
8, Was there life insurance payable to the partnership upon the death of the decedent?
DYes
DNo
If yes, Cash Surrender Value $
Owner of the policy
9. Did the decedent sell or transfer an interest In this partnership within one year prior to death or within two years if the date of death was prior to 12-31-82?
Net proceeds payable $
DYes DNo
If yes, o Transfer DSale
Percentage transferred/sold
Consideration $
Transferee or Purchaser
Attacl1 a separate sheet for additional transfers and/or sales.
Date
10, Was there a written partnership agreement in effect at the time ofthe decedent's death?
If yes, pro~de a copy of the agreement
11, Was the decedent's partnership interest sold? DYes 0 No
If yes, pro~de a copy of the agreement of sale, etc,
12, Was the partnership dissolved or liquidated after the decedent's death?
Dyes
DNo
DYes
DNo
If yes, pro~de a breakdown of distributions received by the estate, including dates and amounts received,
13. Was the decedent related to any of the partners?
DYes
DNo
If yes, explain
14, Did the partnership have an interest in other corporations or partnerships?
DYes
DNo
If yes, report the necessary information on a separate sheet, including a Schedule C-1 or C-2 for each interest
THE FOLLOWING INFORMATION MUST BE SUBMITTED WITH THIS SCHEDULE
A Detailed calculations used in the vauation of the decedent's partnership interest.
B. Complete copies of financial statements or Federal Partnership Income Tax returns (Form 1065) for the year of death and 4 preceding years,
C, If the partnership owned real estate, submit a list showing the complete address/es and estimated fair marl<et valueJs, If real estate appraisals have been
secured, attach copies,
0, Any other information relating to the valuation of the decedent's partnership interest
SlFPA42021F.7
REV-150" EX + !'-97,i (I
COMMONVllEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE D
MORTGAGES & NOTES
RECEIVABLE
ESTATE OF
DAVID S VIPOND
FILE NUMBER
2001-00033
All property jolntly-oWfled with the right of sul'Vi\lorship must be disclosed on Schedule F.
ITEM
NUMBER DESCRIPTION
VALUE AT DATE
OF DEATH
1.
NONE
0.00
TOTAL (Also enter on line 4, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
0.00
STFPA42021F.8
REV.1SQB EX. (1-97)(1)
COMMONWEAlTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
ESTATE OF
DAVID S VIPOND
FILE NUMBER
2001-00033
Indude the proceetls 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 SEE SCHEDULE ATTACHED 164,057.9:
2
1997 CHRYSLER TOWN & COUNTRY SX 4 DOOR VAN
PER ATTACHED APPRAISAL
15,OOO.OC
3
AMERICAN EXPRESS COMPANY - TRAVE,""ERS CHEQUES
REDEEMED
800.0C
4
WALL STREET JOURNAL - REFUND DUE TO CANCELLATION
215.6:
5
METRO CORP - OFFICERS FEE
6,500.0C
TOTAl (Also enler on line 5, RecapilulaliOll) $
(If more space is needed, insert additional sheets of the same size)
186,573.5c
S~PA42021F_S
Form 706 (Rev. ;1-99)
195-10-8751
Estate of: ;)A,lID S. VIF::ND
_.S.C.HE.~YLE E -- Mortgages. Notes. and Cash
item,
no.
Alternate
, valuation date
Alternate value
Value at
date of death
Descriptio n
1 ! F:::::L~ ~1-J-rCN - BAI.A.1\lCE IN M:JNEY MA.:z..l\EI'
I
IACSJL~ NO. 1000087646172
! ::)L=..rt3....~ eN I'!'EM .:.. AC:::RIJE:: :':) 11/":.3/'00
2 ?:?J3": ::X::JN - BA:..;>.NG :N ::::-::::C:.z::N::; .;C:CCN:C
~. :000040304147
-o,al 'rorr.::::>ntlnuanon $C.1eCUlesor loditionai sneers) lttac.'1ed :0 :r:r$ scneduie
::'45,282.18
53.24
.., ," .,.""'..., _....
..;...~, ,.,;.;;:: .=l.
.... ....,....
=-~..;, =S~. 92
TOTALiAJso 9nrer In:lar. 5, ~ecapituiat1on. :::la<;e 3. 3.t tern 3.;.
:r 1'1ore scaca 'S neeoed. 3.nach :he :ontinuatlon sC:"lecule 'rom:ne end Jt :l1ls oaCl<age Jr 3.C::citionai sneers:Jt :ne same size.;
See'r-e nstruc:ions J/1 :::age "..1.';
:..... 9 7'OSC1 ,,--= ::.:::
: ;:;.,'- ;.~: . 9,,:;< :;f'.'a::arr:;/'l",,;:? _" - =Jr...s 3o.......ara ;,.,
REV-~509 EX oj. ('0-97) (I)
COMMONWEALTH OF PENNS'l'l\lANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE F
JOINTLY -OWNED PROPERTY
ESTATE OF
DAVID S VIPOND
FILE NUMBER
2001-00033
\1 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
B
c
JOINTLY-OWNED PROPERTY:
lETTER DATE DESCRIPTiON OF PROPERTY %OF DATE OF DEATH
ITEM FOR JOINT MADE IrWle IlIme of flnardal institution arK1 bart accollll runber or oar idet1ifyirg Mtler DATE Of DEATH DECO'S VALUE OF
NUMBER TENANT JOINT Altachdeedforjoimty.heklrealeslate VALUE OF ASSET INTEREST DECEDENfSINTEREST
1. A.
TOTAL (Also enter on line 6, Recapitulation) $
..
(If more space IS needed, insert additional sheets of the same size)
STFPA42Q21F,~O
R:E"V-1510EX" (1-97i(l'
COMMONWCALTH OF PENNSYlVA.NIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
ESTATE OF
DAVID S VIPOND
FILE NUMBER
2001-00033
This schedule must be comple1ed and filed if the answer to any of questions 11hrough 4 on the reverse side of the REV.1500 COVER SHEET is yes
rrEM
NUMBER
I
DESCRIPTION OF PROPER"\,(
ItUlDE n-E tWvlE OF Tl-E TlWSFEREE, n-EIR RELAT10~fiP TO ll:CEDENT Am TrE DATE
OF lRANSFER ATTACH A COPY OF Tl-E DEED FOR REAl ESTA1E
DATE OF DEATH
VALUE OF ASSET
%OF
DECO'S
INl"ERES1
I EXCLUSION
i (IF APPLICABLE)
1AXABLE VALUE
1
WILLIAM COLLEGE POOLED INCOME FUND 2~O,349.94
#1 PAYABLE TO FLORENCE N VIPOND FOR
HER LIFETIME
100
~40,349.94
TOTAL (Also enter on line 7, Recapitulation) $
(If more space is needed, insert additional sheets of the same sIZe)
240 349.9~
STFf'A4202~F.11
REV-1S1' EX + (1-97)(n
COMMONlNEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
ESTATE OF
DAVID S VIPOND
FILE NUMBER
2001-00033
Debts of decedent must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A FUNERAL EXPENSES:
1. o;~~ SCHEDULE ATTACHED 14,725.79
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personal Representative{s)
Sodal Security Numberls)I EIN Number of Personal Represernative(s)
Street Address
City State Zip
Year(s) Commission Paid.
2. Attorney Fees
3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation)
Claimant
Street Address
City Stale Zip
Relationship of Claimant to Decedent
4. Probate Fees
5. Accountant's Fees
6. Tax Retum Preparer's Fees
7.
TOTAL (Also enter on line 9, Recapitulation) $ 14.725.79
SlFPA42021F.12
(If more space is needed, insert additional sheets of the same size)
E:state of: DAVID S. VIPOND
SCHEDULE: J, Part A - - Funeral Expenses
Item
No. Des=iption
1 SKCWIDN FUNERAL DIREcroRS - FUNERAL SERVICES
2 PFSAVEN'ID MJNUM8NTS INC - GRA\IEl'IIAAKER AND
INSTALIATION IN JVDSCCW PRaIEST.ANT CEMETERY
3 FLORENCE N VIP::)ND - REIMBURSEMENT FDR BIT ,T ,c: RENDERED
WAVERLY CDUNTRY CLUB - F'JNERAL RECEPTION
CDUNTRY CLUB OF S:::RM"'ION - FUNERAL RECEPTION
PRTh'TIN3 CDSTS PELJI:"W TO F'JNERAL
4 JONATHAN VIPOND, III - REIMBURSEMENT FDR FUNERAL
EXPENSES
WAVERLY CDUNTRY CLUB - TIPS
JOSEPH CDSTA - MUSIC AT THE RECEPTION
INN AT NICHOLS VI:.J.AGE: - REIMBL'RSEMENT FDR WOOING
'ICTIIL. i, Ca....-,:y forward to rrain schedule) . . . . . .
Page 2
195-10-8751
Arrount
6,886.04
530.00
617.75
5,634.26
100.00
20.00
350.00
587.74
14,725.79
REV-15~;' EX"'- (1-97) (1\
C~ONWEAlTH OF PENNSYlVANIA
INHERITANCE TAA RETURN
RESIDENT DECEDENT
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
ESTATE OF
DAVID S VIPOND
FILE NUMBER
2001-00033
Include unreimbursed medical expenses.
ITEM
NUMBER
DESCRIPTION
AMOUNT
1,950.6S
1.
SEE SCHEDULE ATTACHED
TOTAL (Also enter on line 10, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
1,950.69
STFPA42021F.13
;O:sta::e of: DAv"ID S. VIFDND
SCHEDULE K, Part 1 - - J:ebts of the Decedent
I:cem
No.
Des=iption
1 =:DRENCE VIFDND - REIMBURSEMENT FOR
3ENEFIT :JF DA\TID \TIPOND
.'iliERT ?:~A~CY SERVIro'C: - BIH .c:
?E:NDEREC
w""sT SHA.'<E: EMERGENCY MEDICAL
SERVICSS - FOR SERVICES RENDERED
::::-JMBERLI\ND rnosSINGS RETIREMENT
c.:.:!\'MONT:Y - SERVICES RENDERED
::ARLIS"2 :iOSPITAL - FOR SERVICES
?E:NDERED
?A DEPAR~ OF REVENUE - DECEDEr-.'TS
2000 PA INDIVIDUAL INCJ::ME TAX
::":ABILI'I'Y
2 .'BINGIDN TCWNSHIP SANITATION
:::EPAR'IMlli'T - Brr., .'" RENDERED
Arrount unpaid
to date
ICTAL. !Ca.."Yf forward to llB.in sc..~edule) . . . . . .
Arrount
in =ntest
Page 2
195-10-8751
Deduction
arrount
6.58
44.30
1,044.81
5.00
50.00
800.00
1,950.69
REV-1513 EX ~ (9-00.
CQMMONW'EALTH OF PENNSYLVANiA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE J
BENEFICIARIES
ESTATE OF
DAVID S VIPOND
FILE NUMBER
2001-00033
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
Il. NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
1. DAVID S VIPOND GST EXEMPT RESIDUARY TRUST
1100 NORTH MARKET STREET
WILMINGTON, DE 19890
2 DAVID S VIPOND GST EXEMPT MARITAL TRUST
1100 NORTH MARKET STREET
WILMINGTON, DE 19890
3 DAVID S VIPOND NON-GST EXEMPT MARITAL TRUST
1100 NORTH MARKET STREET
WILMINGTON, DE 19890
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
1. PHILLIPS ACADEMY, ANDOVER, MA
RELATIONSHIP TO DECEDENT
NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s)
l. TAXABLE DISTRIBUTIONS [include outright spousal distributions. and transfers
under Sec. 9116 (a) (1.2)]
FLORENCE N. VIPOND
1. 44 BULLOCK CIRCLE
CARLISLE, PA 17013 SPOUSE
2 DAVID W VIPOND
4933 TEXHOMA AVENUE
ENCINO, CA 91316 SON
2 LACKAWANNA UNITED FUND
TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $
(If more space is needed, insert additional sheets of the same size)
STfPA42021F,'\4
AMOUNT OR SHARE
OF ESTATE
255,349.94
25,000.00
603,551.03
426,448.97
1,178,958.77
10,000.00
10,000.00
2.228 958.77
REV.151.:n-(i-97j(I'
COMMONlNEALTH OF PENNSYLVANIA
INHERITANCE TAX. RETURN
RESIDENT DECEDENT
SCHEDULE K
LIFE ESTATE, ANNUITY
& TERM CERTAIN
(Check Box 4 on Rev-1500 Cover Sheet)
ESTATE OF FILE NUMBER
DAVID S VIPOND 2001-00033
This schedule is to be used for all single life, joint or successive life estate and term certain calculations. For dates of death
prior to 5-1-89, actuarial factors for single life calculations can be obtained from the Department of Revenue, Specialty Tax Unit.
Actuarial factors can be found in IRS Publication 1457, Actuarial Values, Alpha Volume for dates of death on or after 5-1-89.
Indicate the type of instrument which created the future interest below and attach a copy to the tax return.
CWiII Dlntervivos Deed of Trust DOther
LIFE ESTATE INTEREST CALCULATION
NAME(S) OF NEAREST AGE AT TERM OF YEARS LIFE ESTATE IS
LIFE TENANT(S) DATE OF BIRTH DATE OF DEATH PAYABLE
OUle or OTerm 01 Years
OUle or o Term 01 Years
o Ute or o Term 01 Years
o ute or OTerm 01 Years
1. Value of fund from which life estate is payable
2. Actuarial factor per appropriate table
Interest table rate- 031/2% 06% 010%
3, Value of life estate (Line 1 multiplied by Line 2)
ANNUITY INTEREST CALCULATION
$
o Variable Rate
%
$
NAME(S) OF NEAREST AGE AT TERM OF YEARS
ANNUITANT(S) DATE OF BIRTH DATE OF DEATH ANNUITY IS PAYABLE
OUleor OTerm 01 Years
o Ute or o Term 01 Years
OUleor OTerm 01 Years
o Ute or OTerm 01 Years
1. Value of fund from which annuity is payable $
2. Check appropriate block below and enter corresponding (number)
Frequency of payout - o Weekly (52) 0 B~weekly (26) 0 Monthly (12)
o Quarterly (4) 0 Semi-annually (2) OAnnually(1) o Other ( )
3. Amount of payout per period $
4. Aggregate annual payment, Line 2 multiplied by Line 3
5. Annuity Factor (see instructions)
Interest table rate 031/2% 06% 010% o Variable Rate %
6. Adjustment Factor (see instructions)
7. Value of annuity -If using 3 1/2%, 6%, 10%, or if variable rate and period payout is at end of period,
calculation is: Line 4 x Line 5 x Line 6 $
If using variable rate and period payout is at beginning of period, calculation is:
~~4xLi~5xLi~~+Li~3 $
NOTE: The values of the funds which create the above Mure interests must be reported as part of the estate assets on
Schedules A through G of this tax return The resulting life or annuITy interest(s) should be reported at the appropriate tax rate on Lines 13,
15, 16 and 17.
STFPA42021F15
(II more space is needed, insert additional sheets of the same size)
REV.164i' EX -- (9-00',
SCHEDULE M
FUTURE INTEREST COMPROMISE
COMMONVv'EALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
(Check Box 4a on Rev-1500 Cover Sheet)
ESTATE OF
FILE NUMBER
DAVID S VIPORD 2001-00033
This schedule is appropriate only lor estates 01 decedents dying after December 12,1982.
This schedule is to be used for all future interests where the rate of tax which will be applicable when the future interest vests in possesslDn and enjDyment
cannot be estabrrshed with certa'lnty.
indicate below the type Df instrument which created the future interest and attach a copy tD the tax return.
o Will o Trust o Other
1. Beneficiaries
NAME OF BENEFICIARY RElATIONSHIP DATE OF BIRTH AGE TO
NEAREST BIRTHDAY
1.
2.
3.
4.
5.
II. For decedents dying on or after July 1. 1994, if a surviving spouse exercised or intends to exercise a right of withdrawal within 9 months
of the decedents death, check the appropriate block and attach a copy of the document in which the surviving spouse exercises such
withdrawal right
0 Unlimited right of withdrawal 0 Limited right of withdrawal
III Explanation ot Compromise Offer:
IV. Summary 01 Compromise Offer:
1. Amount of Future interest. ....... ...... ........ ... ........ ...... $
2. Value of Line 1 exempt from tax as amount passing to charities, etc.
(also include as part of total shown on Line 13 of Cover Sheet) . .. $
3. Value of Line 1 passing to spouse at appropriate tax rate
Check One 06%, 03%, 00% .... ..... ..... $
(also include as part of total shown on Line 15 of Cover Sheet)
4. Value of Line 1 taxable at lineal rate
Check One 06%, 04.5% ......... ... ...... $
(also include as part of total shown on Line 16 of Cover Sheet)
5. Value of Line 1 Taxable at sibling rate (12%)
(also include as part of total shown on Line 17 of Cover Sheet) ... ....... $
6. Value of Line 1 Taxable at collateral rate (15%)
(also include as part otlotal shown on Line 18 of Cover Sheet) ....... .. $
7. Total value of Future Interest (sum of Lines 2 thru 6 must equal Line 1) .... ... ,........ ....,. $
(If more space is needed, insert additional sheets of the same size)
SifPA42021F,16
'1:EV.~&~9 EX... ('-97) (1\
COMMON'WEA\..TH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE 0
ELECTION UNDER SEC. 9113(A)
(SPOUSAL DISTRIBUTIONS)
ESTATE OF FILE NUMBER
DAVID S VIPOND 2001-00033
Do not complete this schedule unle.. the e.tate is making the election to tax assets under Section 91131A) of the Inheritance & Estate Tax Act.
If the election applies to more than one trust or similar arrangement, a separate form must be filed for each trust.
This election applies to the Trust (marital, residual A, B, By-pass, Unified Credit etc,),
If a trust or similar arrangement meets the requirements of Section 9113 (A), and:
a, The tru.t or similar arrangement is listed on Schedule 0, and
b, The value of the trust or similar arrangement is entered in whole or in pari as an asset on Schedule 0,
then the transferor's personal representative may specifically identify the trust (all or a fractional portion or percentage) to be included in the election to have such trust
or similar property treated as a taxable transfer in this estate, If less than the entire value of the trust or similar property is included as a taxable transfer on Schedule
0, the personal representative shall be considered to have made the election only as to a traction of the trust or similar arrangement The numerator of this fraction is
equal to the amount of the trust or similar arrangement included as a taxable asset on Schedule 0, The denominator is equal to the total value of the trust or similar
arrangement
PART A: Enter the description and value of all interests, both taxable and non-taxable, regardless of location, which pass to the decedent's
surviving spouse under a Section 9113 (Al trust or similar arrangement
DESCR,\P"T10N
VALLE
Part A Total $
PART B: Enter the description and value of all interests included in Part A for which the Section 9113 (Al election to tax is being made,
OESCRJPTlON V.AJ...LE
Part B Total $
(If more space is needed, insert additional sheets of the same size)
STFPA42021F.17
Estate of
also known as
PETITION FOR PROBATE and GRANT OF LETTERS
No. .:2..1 - 0 1- oeo oco33
To:
Register of Wills for the
County of Cumberland in the
Commonwealth of Pennsylvania
David S. Vipond
Social Security No,
Deceased.
195-10-8751
The petition of the undersigned respectfully represents that:
Your petitioner(s), who is/are 18 years of age or older an the execut ors
in the last will of the above decedent, dated October 2
and codicil(s) dated N / A
named
, 19....9..S..-
(state relevant circumstances, e.g. renunciation, death of executor, etc.)
Oecendent was domiciled at death in
h i ~ last family or principal residence at
Penn v nia O\.A I
(list street, number and muncipality)
Decendent, then 91 years of age, died November 15
at Cumberland Crossing Personal Care, Carli~l~, FA 17011
Except as follows, decedent did not marry, was not divorced and did not have a child born or adopted
after execution of the ~ill offered for probate; was not the victim of a kilIing and was never adjudicated
incompetent: N / A
Oecendent 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:
,u: 2000 ,
Unknown
$
$
$
$
- U
WHEREFORE, petitioner(s) respectfully request(s) the probate of the last wilI and codicil(s)
presented herewith and the grant of letters testamentary
(testamentary; administration c.I.a.; administration d.b.n.c.t.a.)
theron.
i3 !L~;L~.?5 ~
~::; ~TJatha~ III
-g.g , 3728 Li~burn RO.<lrl
~.~ M~~hRnicsht1rg, FA 17()')t;
~c..
... '-
:; 0
OJ
C
t<l
Vi
Wilmingrnn 'T'rllst Cnmpany
Rorlnpy Sqll.<lrp Nnrrn
1100 Nnrrn M~r~pr Str~~t
Wilmington, nF 1QRQn nnnl
By:
OATH OF PERSONAL REPRESENTATIVE
COMM9NWEALTH OF PENNSYLVANIA I ss
COUNTY OF -L.V,.Jnf3Eji'U~D J
The petitioner(s) above-named swear(s) or affirm(s) that the statements in the foregoing petition are
true and correct to the best of the knowledge and belief of petitioner(s) a sonal represen-
tative(s) of the above decedent petitioner(s) will well and truly admi 'ster the-estate accor 'ng to law.
1.o-L'te-
lu - 200.
Sworn to or
before me this
, J
I
v,
~.
::::
~
~
...,
~
~
PETITION FOR PROBATE and GRANT OF LETTERS
~I-O{ -(TD3:1
David S. Vipond
Estate of
also known as
No.
To:
Register of Wills for the
Deceased. County of Cumberland in the
Social Security No. 195-10-8751 Commonwealth of Pennsylvania
The petition of the undersigned respectfully represents that:
Your petitioner(s), who is/are 18 years of age or older an the execut ors
in the last will of the above decedent, dated Oc tober 2
and codicil(s) dated N / A
named
, 19--91L-
(state relevant circumstances, e.g. renunciation, death of executor, etc.)
Decendent was domiciled at death in
his last family or principal res.dence at
Penns lvania 1 1 &~
(list street, number and muncipality)
Decendent, then 91 years of age, died November 15
at Cumberland Crossing Personal Care, Carlisl e, PA 17011
Except as follows, decedent did not marry, was not divorced and did not have a child born or adopted
after execution of the ~ill offered for probate; was not the victim of a killing and was never adjudicated
incompetent: N / A
Decendent 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:
,n 2000 ,
Unknown
$
$
$
$
u
WHEREFORE, petitioner(s) respectfully request(s) the probate of the last will and codicil(s)
presented herewith and the grant of letters testamentary
(testamentary; administration c.t.a.; administration d.b.n.c.l.a.)
theron.
~
V>
-.r
u
c
...
]3
......
0::'"
c
-00
c"::;
<..so,:::
~...
~ll.
........
;0
c;;
c
co
Vi
Jonathan Vipond, III
3728 Lisburn RORrl
Mechanicshl1rg, PA 170')')
Wilmingrnn Trl1st Company
Rorlnpy S~lRrp Nnrrh
1100 Nnrrh Market Street
Wilmington, DE 1qRqO 0001
Ry:C ~..c~~~
OATH OF PERSONAL REPRESENTATIVE
COMMONWEALTH OF PENNSYLVANIA I ss
COUNTY OF J
The petitioner(s) above-named swear(s) or affirm(s) that the statements in the foregoing petition are
true and correct to the best of the knowledge and belief of petitioner(s) and that as personal represen-
tative(s) of the above decedent petitioner(s) will well and truly administer the estate according to law.
Sworn to or af.f.i.rmed. and subscribed {
before me this. ./"3 rt+ day of
J)r~ ~ 5>~O
. -: A 1
'---- Register
~ ~l....t"\."~~ ~~.;,-- c:....o
~Y. c .~..o~
V)
QQ"
::s
I:l
-
s::
~
~
No. ~j-OI-0033
Estate of
David S. Vipond
, Deceased
DECREE OF PROBATE AND GRANT OF LETTERS
~ 2DOI
AND NOW JA-N L~ A:'l<.-'-f ,;A-, in consfderation of the petition on
the reverse side hereof, satisfactory proof having been presented before me,
IT IS DECREED that the instrument(s) dated Oc tober 2 , 1998
described therein be admitted to probate and filed of record as the last will of David S. Vipond
and. Letters Testamentary
are hereby granted to Jonathan Vipond, III and Wilmington Trust Company
~~vn~'ty
FEES d
Probate, Letters, Etc. ......... $ I .00
Short 1!f-.~gi,cates(Z1.. . . . . . . . .. $ '75.00
Re8~CI~lOft ................ $ lY-.OO
JQ..p $ 5.00
TOTAL _ $12.2.. OD
Filed .....I.~. Y .-' .9 J. . . . . . . . . . . . . . . . . . .
E1izabeth P. Mullaugh (76397)
ATTORNEY (Sup. Ct. I.D. No.)
213 Market St~eet. 3rd Fl.. Hbg., PA 17101
ADDRESS
(717) 237-4818
PHONE
H' 0\.905 REV.(09100)
This is to certify that this is a true copy of the record which is on file in the Pennsylvania Division of Vital Records III accordance
with Act 66, P.L. 304, approved by the General Assembly, June 29, 1953.
WARNING: It is illegal to duplicate this copy by photostat or photograph.
No.
~II~
C\~s.~/~.
Robert S. <ZioJnerman, Jr., MPH
Secretary of Health
Charles Hardester
State Registrar
1235578
1 ., ?nno
Date
H1OS.14J Rev. 2/87
COMMONWEALTH OF PENNSYLVANIA' OEPARTMENT OF HEALTH' VITAL RECOROS
CERTIFICATE OF DEATH
TYrE/P'RINT
IN
PERMANENT
lUCK _
S.
SEX
2. Male
STATE FU ~UM8EA
SOCiAl SECURITY NUMBER
NAME OF DECEDENT (fIl'SI. M~. l_1
,. DAV~D
AGEllasrBirtt008y)
..195
- 10
8751
DATE OF OERH lMolW'l. 0..,. ....,
..Nov.15,2000
UNDER 1 YEAR
- Days
UNDER 1 OM
tan ! MnMe
8&R1ltPt.ACE (C~ af'd PlACE OF oeRH ICNdi Of'lyl)l'e 'iM If'lSIIUCbOf1s on Ofhef .-,
StaN or Fcreq1 CouMvt HOSPtTAl.;
Scranton, PA. __0 E"""-_ 0
7. ...
FACLlTY NAME (If nolll1Sf'Mlorl. ~ str.. and numtw,
::.v, 0
S.
COUNTY OF OERH
91 v...
~I
Cumberland
IlL
RACE - Amencan 1ndiM'I, e..dl.. Wh't.. etC.
"'Wh'ite
'0.
DECEDENT'S USUAL OCCUPRlON
(~"::::~"::';::~:'i' Th i r d
...9ha i rman (Ret.) .. k
DECEDENT'S MAlltNG ADORESS (SIr.. CiIyIlOwn. s... Zip Codel
44 Bullock Circle
Carlisle, PA. 17013
,..
fRHER'S NAME IF..... ...~. Last)
to. Jonathan vi ond
_ClAMANT'S NAME (T,,,"'''nnQ
~Att Jonathan vi ond
METHCIO OF 0ISP0Srr1ON
....... 0 "'_ 0lI __.....0
oa..._
National
& Trust C
OECEDENT'S
ACTUAl.
RESlllENCE
..........
on0lher5lde)
'I.
11.. s.... P A.
MAAtTAl STATUS. Mwried
~~.w.......
--
,.Married
SUfMYING SPOUSE
tM.... o-~I'WMI
Florence Neumann
,,,,.
...
-
_...
Cumberland _1 ....K! :..."":".:::'..
MOTHER'S NAME (FIf1II. Middle. MaIc*l Suf~)
,..Daisy M. Wardell
lWORMANT'S _ AllIlRESS(SW....~....... Zip~
~28 Lisburn Rd., Mecnanicsburg, PA.
PUCE OF OISI'OSITION...... ole-.. "'- lOCAnoN.~ _. ~c-
'" ""'"' .....
17c.D *.dKeder(IWed...
.....
Carlisle
_.
17055
~
z
W
Q
W
:.l
Q
15
w
"
~
16, 2000
N~ple Hill Crematory
LICENSE NUMBER
..... 008111 L.
:"":':"7"~:-,fi:rS;;'''''1L,J_od
IME OF DEATH DATE PRONOUNCED DEAD (Month. Day. '$a()
011< 11_\5-00
2.. Y. 25.
27. PlIUn' I; Enter the diMaH., inJUries or compkatiOM wNt;h c.used 1'" death, Do not em... the mode 01 dying, such as cardiaC 0' respirillOf)' arres!. shock or heart 'aba
l* o<<tv ON C&UM on MCh....
NAME AHOADORESS OF FACILITY
~OWDON FUNERAL
LICENSE NUMBER
ve.
9
(.I.,...; 3, \ ~"L~ '-
'"
PART,,:
Othersigniftcanlc:ondltioNc:onII'bIClnglO~Mtl.buC
ftOt~inlM~,*-~inPAATI.
J.
Pc...~c,.e.c 4,... Cc,~
DUE 10 (OR AS A CONSEQUENCE OF):
?
D
l :
OUElOCOR AS A CONSEOUENCE OF):
DUE 1O(OA AS A CONSEOUENCE Of):
.{
.s
D
WERE AUTOPSY FINDINGS WANNER OF DEATH
MWLABlE PRIOR TO
COMPLET1QN OF CAUSE ........ ~ 0
OF DEATH? ---
-.. 0 P~"""'.11on 0
NoGr ....0 No 0 ........ 0 Coukt noI be ....rmlMd 0
DATE OF INJURY
tMan..... Day, .....1
TIME OF tNJURY
INJURY AT WORK? DESCRIBE HOW INJURY OCCURRED.
.... 0 NoD
>
2ea. 21b.
CERTWIEfIIICheck only ClfW)
-CERTIFYING PHYSICIAN (Phy$lC1MI certllylng cause 01 death when al\Oltl", phYSIC'" has pl'CInOI.Inced dealt1 ana complel<<:lltem 23)
To'" bee<< of my knowledge. death occurNd due to Ihe cauM(s) and ",anMr.. statltd. . . . . . .
:zo.
_.
PLACE OF INJURY. At hon\e1. tann. st,... tadofy, omc.
buitdinQ. MC_1Speolv)
_.
M.
13,513,;<', A
o
.PAONOUNCJNQ AND CERTIFYING PHYStClAN (PhVSCIilfl boC/'1 O)I:)n()UOConQ deattl and certllytng 10 cauSe 0/ C1ea\tll
To the ~t of lilY kno...~ft, death OCCYl'," at lhellme, ca.~, and piKe, and du.ta lhe cauM(.)"'" manner.. "atH
aMEDICAL EXAMINER/CORONER
On the beele 0' e.aminatlon and/or Investigation. in my opinion. deeth occurred at Ihe time. dat., and place, and due 10 the cause(s) and
manneresSlteted........... _.............. _..... ........ ._..... ... ....... .......... ...... ..... ............. .......
31..
REGISTRAR'S SIGNATURE AND NUMBER U ~dc;o
...
DATE FILED (Man
34.
:';.ATE L!C# MD029765E //-/6-CJO
"
. I
...
~.
LAST WILL AND TESTAMENT
OF
DAVID S. VIPOND
I, DAVID S. VIPOND, of the Borough of Carlisle, Cumberland County, Pennsylvania,
make this Will, hereby revoking all my former Wills and Codicils.
ARTICLE ONE
TANGIBLE PERSONAL PROPERTY
S 1.1 I bequeath all my tangible personal property, including by way of illustration but
not by way of limitation, my household furniture and furnishings, paintings, books, automobiles,
jewelry and personal effects, exclusive of any such property used in a trade or business, to my
wife, FLORENCE N. VIPOND ("My Wife"), if she survives me. If My Wife does not survive
me, I bequeath such assets to my children living at my death to be divided among them in as
nearly equal shares as they agree. In the event of irreconcilable disagreement among my
children, they shall take alternate turns selecting individual items with my oldest child making
the first selection. Any items not so selected shall be sold and the proceeds shall pass as a part of
my residuary estate.
S 1.2 To the extent practicable in the Executor's sole discretion, I bequeath any policies
of insurance on such property to the beneficiary entitled to such property.
S 1.3 I direct that the expenses of storing, packing, shipping, insuring and delivering
any such property to the beneficiary entitled thereto shall be paid by the Executor as an
administrative expense of my estate.
. I
,.
ARTICLE TWO
RESIDUE
~ 2.1 I devise and bequeath all the residue of my estate to the then serving trustee of
"The David S. Vipond Revocable Trust" created under Agreement dated November 16, 1993, by
myself, as Settlor, and myself, as Trustee, as the same has been amended as of even date
herewith and as the same may be further amended or restated prior to my death ("My Revocable
Trust"), to be distributed in accordance with the terms of said trust agreement, or if said trust
agreement is not in effect at the time of my death, in accordance with the terms specified therein
on the date of this Will or of its last publication by Codicil or otherwise.
ARTICLE THREE
APPOINTMENT OF FIDUCIARIES
~ 3.1 I appoint my son, JONATHAN VIPOND, III, and the WILMINGTON
TRUST COMPANY as Co-Executors of this Will. If JONATHAN VIPOND, III is unable or
unwilling to act or continue to act, for any reason whatsoever, my daughter, LINDA V.
HEATH, shall serve in his place as individual Co-Executor. The individual Co-Executor then
serving shall have the right from time to time to remove the then serving corporate Co-Executor
for any reason provided that the individual Co-Executor shall immediately appoint a successor
corporate Co-Executor which shall be a corporation with fiduciary powers. If the individual Co-
Executor shall be unable or unwilling to act or continue to act, for any reason whatsoever, the
then serving corporate Co-Executor shall serve as sole Executor. All references herein to the
"Executor" shall mean my originally appointed Co-Executors, my successor Co-Executors or the
sole serving successor Executor, as the case may be.
-2-
. ,
J
~ 3.2 I appoint the then serving trustee of My Revocable Trust as Guardian of the
estates of any minor beneficiaries under this Will, including the proceeds of any life insurance on
my life payable to such minors and any other property, rights or claims with respect to which I
am entitled to appoint a guardian and have not otherwise specifically done so. The Guardian
shall have full authority to use such assets, both principal and income, in any manner the
Guardian shall deem advisable for the best interests ofthe minor, including college and graduate
education, and professional, vocational or technical training, without securing a court order.
ARTICLE FOUR
POWERS OF FIDUCIARIES
~ 4.1 No fiduciary under this Will shall be required to give bond or other security for
the faithful performance ofthe fiduciary's duties.
~ 4.2 Any such fiduciary shall have the following powers, in addition to those given by
law:
~ 4.2.1 To invest in, accept and retain any real or personal property,
including stock of a corporate fiduciary or its holding company, without
restriction to legal investments;
~ 4.2.2 To sell, exchange, partition or lease for any period of time any
real or personal property and to give options therefor for cash or credit, with or
without security;
~ 4.2.3 To borrow money from any person including any fiduciary
acting hereunder, and to mortgage or pledge any real or personal property;
~ 4.2.4 To hold shares of stock or other securities in nominee
registration form, including that of a clearing corporation or depository, or in
book entry form or unregistered or in such other form as will pass by delivery;
~ 4.2.5 To engage in litigation and compromise, arbitrate or abandon
claims;
-3-
.,I'
~ 4.2.6 To make distributions in cash, or in kind at current values, or
partly in each, allocating specific assets to particular distributees on a non-pro rata
basis, and for such purposes to make reasonable determinations of current values;
~ 4.2.7 To make elections, decisions, concessions and settlements in
connection with all income, estate, inheritance, gift or other tax returns and the
payment of such taxes, without obligation to adjust the distributive share of
income or principal of any person affected thereby;
~ 4.2.8 To join with My Wife or her personal representative in the filing
of a joint income tax return for any period for which such a return may be
permitted, without requiring her or her estate to indemnify my estate against
liability for the tax attributable to her income, and to consent, for federal gift tax
purposes, to having gifts made by My Wife during my lifetime treated as having
been made half by me;
~ 4.2.9 To allocate, in the Executor's sole and absolute discretion, any
portion of my exemption under Section 2631(a) of the Internal Revenue Code
(which statutory exemption is presently $1,000,000), to any property as to which I
am the transferor, including any property transferred by me during my lifetime as
to which I did not make an allocation prior to my death;
~ 4.2.10 To disclaim any interest I may have in any estate ifthe
Executor deems such disclaimer to be in the best interests of my estate and the
beneficiaries thereof; and
~ 4.2.11 To file the appropriate election in accordance with Section
2056(b)(7)(B)(v) of the Internal Revenue Code to designate whatever portion of
the assets composing my federal gross estate that the Executor, in the Executor's
sole discretion, determines should qualify for the marital deduction. In making
this determination, the Executor is directed to consider the present and projected
financial requirements of My Wife, the expected period of survivorship of My
Wife and the assets that have passed to My Wife other than under the provisions
ofthis Will.
ARTICLE FIVE
PROVISION FOR TAXES
~ 5.1 All estate taxes, inheritance taxes, transfer taxes and other taxes of a similar nature
payable by reason of my death to any government or subdivision thereof upon or with respect to
any property subject to any such tax, and any penalties thereon, shall be paid by the Executor out
-4-
.,"
. ,
of the principal of that portion of my estate disposed of by Article Two of this Will and allocated
among beneficiaries in accordance with the provisions of My Revocable Trust. All interest with
respect to any such taxes shall be paid by the Executor out of the income or principal or partly
out of the income and partly out of the principal of such portion of my estate, in the absolute
discretion of the Executor. My Executor shall not make apportionment among or seek
reimbursement from the beneficiaries, recipients or owners of such property for any such taxes,
penalties or interest, except as provided in My Revocable Trust. Notwithstanding any provision
of this Article to the contrary, the Executor shall not pay any such taxes, penalties or interest
attributable to any property included in my estate solely because of a power of appointment
thereover which I possess but have not exercised or any qualified terminable interest property.
ARTICLE SIX
PROVISION FOR DEBTS AND EXPENSES
~ 6.1 I direct that any of my legally enforceable debts, any expenses of my last illness,
funeral and burial, and any of the administrative expenses of my estate, shall be paid from the
principal of that portion of my estate disposed of by Article Two of this Will.
ARTICLE SEVEN
BUSINESS INTERESTS
~ 7.1 In the event any business interest should be an asset of my estate, whether the
same involves a proprietary interest, a partnership interest or stock in a closely held corporation,
whether wholly owned, controlled by me or owned in substantial part by me, I authorize the
Executor, subject to the terms of any agreement I may have made for the sale of my interests, to
continue said business until such time as the Executor shall deem it advisable to sell, to liquidate
-5-
..'
or to distribute the same in kind. With respect to any sale or exchange of the stock of any such
business interest and in the absence of any such agreement entered into by me prior to my death,
I direct the Executor to consider and to determine the appropriateness of a sale or redemption of
such stock in accordance with Section 303 of the Internal Revenue Code to the business entity
and a possible deferral of federal estate tax payments under Section 6166 of the Internal Revenue
Code. It is my desire that to the extent possible any business interest which I may own at the
time of my death be continued or disposed of only in an orderly manner so as to maximize the
proceeds of any disposition. If an election under the foregoing provisions will effect such desire,
the Executor is encouraged to pursue such election if the Executor deems such election also to be
in the best interests of my estate and the beneficiaries thereof. The Executor shall have all rights
and powers in connection with such business as I had when living, including specifically the
power at any time and from time to time to operate or to join in the operation of the same as a
going concern, to form or to reform a general or limited partnership, to incorporate or to
reincorporate and to liquidate or to sell the same or any part thereof as the Executor deems it
advisable for the best interests of my estate and of the beneficiaries thereof without the necessity
of any order of court and without any liability for loss resulting from the operation of said
business except when such loss is the result of gross negligence or fraud on the part of the
Executor.
-6-
, !
,-
ARTICLE EIGHT
MISCELLANEOUS PROVISIONS
~ 8.1 As used in this Will, the term "Internal Revenue Code" shall mean the Internal
Revenue Code of 1986, as amended from time to time, or the corresponding provision of
subsequent law.
~ 8.2 If My Wife and I die under such circumstances that it is impossible to determine
which of us survived, it shall be conclusively presumed and this Will shall be construed as if My
Wife had predeceased me. If any person, other than My Wife, and I die under such
circumstances that it is impossible to determine which of us survived, it shall be conclusively
presumed and this Will shall be construed as if such person had predeceased me.
~ 8.3 A corporate fiduciary shall be entitled to receive compensation for its services
hereunder in accordance with its schedule in effect when the services are performed, but not in
excess of such compensation as would be approved by a court of competent jurisdiction. An
individual fiduciary shall be entitled to receive reasonable compensation for such fiduciary's
services hereunder.
~ 8.4 Whenever a fiduciary is directed to distribute property to or for the benefit of any
beneficiary who is under (a) twenty-one (21) years of age, or (b) a legal disability or otherwise
suffers from an illness or mental or physical disability that would make distribution directly to
such beneficiary inappropriate (as determined in such fiduciary's sole discretion exercised in
good faith), the fiduciary may distribute such property to the person who has custody of such
beneficiary, may apply such property for the benefit of such beneficiary, may distribute such
-7-
. ..
",
property to a custodian for such beneficiary, whether then serving or selected and appointed by
the fiduciary (including the fiduciary), under any applicable Uniform Transfers to Minors Act or
Uniform Gifts to Minors Act, may distribute such property to the guardian of such beneficiary's
estate, may distribute such property directly to such beneficiary's estate, or may distribute such
property directly to such beneficiary (except if any of the conditions hereinbefore described in
(b) apply), without liability on the part of the fiduciary to see to the application of such property.
This provision shall not in any way operate to suspend such beneficiary's absolute ownership of
such property or to prevent the absolute vesting thereof in such beneficiary.
IN WITNESS WHEREOF, I have hereunto set my hand and seal this Y'day
of (Pdd.-uv ,1998.
1J~~xi ~~)
David S. Vipond
Signed, sealed, published and declared by the above named DA VID S. VIPOND as and
for his last Will, in the presence of us and each of us, who, at his request and in his presence and
in the presence of each other, have hereunto subscribed our names as witnesses thereto the day
and year last above written,
t1/u-/V~ ZU ,/7~~dJ<.~
Residing at
()
J r;qt.j ~ OChf ( [)(.
Co r I, s. L. J Ih J 70 13
tl~~);p>t'~ Residing at 3)~ ~ $a-e-e.
MJk-r. ,. fd j ?G/_~5"S ~
~L- ~~~ Residingat l1tf RI'dJe.lhl RJ
Me.c111Ahlcs IJU[J fJA-fltJ5"S'
-8-
. .
..:
COMMONWEALTH OF PENNSYLVANIA
COUNTY ori!1/m tt.rltL/ld ss.
We, DAVID S. VIPOND, the testator, and I!)J/J li/. ItIflftf
~/te-(fr~
Air/tIMe. tl tJa.J ItFr and ~"""'w J Lt- ,Je:/2l:t~ , the witnesses, whose
names are signed to the attached or foregoing instrument, being first duly sworn, do hereby
declare to the undersigned authority that the testator signed and executed the instrument as his
last Will; that the testator signed willingly and executed it as his free and voluntary act for the
purposes therein expressed; that each subscribing witness in the hearing and sight of the testator
signed the Will as a witness and that to the best of his or her knowledge the testator was at that
time 18 years of age or older, of sound mind and under no constraint or undue influence.
...
~cbd ~~~
David S. pond
(;/rLY'\ Z{/ /2/[~~
Witness
a~~~-, ':>>;7, /?~ Q.u1<.
Witness
gwu '()-~P4Jtk~
Wltn s
Subscribed, sworn to and acknowledged before JUe by DAVID S. VIPOND, the testator,
subscribed and sworn to before me by An n M/Jf{ r ,
I . tJ . ~ ' and , witnesses, this
day of W ,1998.
;;W't '~&dlu~j
Notary P lic
My Commission Expires:
(SEAL)
~
-9-
/6 -c2CJCJ - Y
~ BUREAU OF INDIVIDUAL TAXES
\'INHERITANCE TAX DIVISION
DEPT. 280601
HARRISBURG, PA 17128-0601
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
INHERITANCE TAX
STATEMENT OF ACCOUNT
*'
REY-liD7 EX AFP (01-02'
I.:
ELIZABETH P MULLAUGH. ESQ
MCNEES WALLACE 8 NURICK
PO BOX 1166
HARRISBURG PA-17108-1166
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
11-25-2002
VIPOND
11-15-2000
21 01-0033
CUMBERLAND
101
DAVID
S
Allount Rellitted
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE. PA 17013
NOTE: To insure proper credit to your account. subllit the upper portion of this forll with your tax paYllent.
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~
REV =i6ifj-Ex--AFP--foY:02Y------...--fNifERITANc'E--fA3CsT'A-fEM'E-Nf-o-F'-AC-COLiNT--...------------------ - --
ESTATE OF VIPOND DAVID S FILE NO.21 01-0033 ACN 101 DATE 11-25-2002
THIS STATEMENT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NAMED ESTATE. SHOWN BELOW
IS A SUMMARY OF THE PRINCIPAL TAX DUE. APPLICATION OF ALL PAYMENTS. THE CURRENT BALANCE. AND. IF APPLICABLE.
A PROJECTED INTEREST FIGURE.
DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 11-04-2002
P R I N C I PAL TAX DUE: ummmmmmmmmmmmmmmmmmmmmuuuuuuu
1.125.00
PAYMENTS (TAX CREDITS):
PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID
DATE NUMBER INTEREST/PEN PAID (-)
08-15-2001 CDOOO165 .00 1.125.00
03-14-2002 CDOO0965 .00 28.410.73
11-08-2002 REFUND .00 28.410.73-
TOTAL TAX CREDIT 1.125.00
BALANCE OF TAX DUE .00
INTEREST AND PEN. .00
IF PAID AFTER THIS DATE. SEE REVERSE TOTAL DUE .00
It
SIDE FOR CALCULATION OF ADDITIONAL INTEREST.
( IF TOTAL DUE IS LESS THAN $1.
NO PAYMENT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CRJ.
YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. J
~ /(, -c2LJO-)?
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
DEPT. 280601
HARRISBURG, PA 17128-060!
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
INHERITANCE TAX
RECORD ADJUSTMENT
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
11-05-2002
VIPOND
11-15-2000
21 01-0033
CUMBERLAND
101
ELIZABETH P MULLAUGH, ESQ
MCNEES WALLACE & NURICK
PO BOX 1166
HARRISBURG PA 17108-1166
Amount Remitted
'*
REV-1595 EX AFP <12-00)
DAVID
S
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
NOTE: To insure proper credit to your account, submit the upper portion of this form with your tax payment.
CUT ALONG THIS LINE .. RETAIN LOWER PORTION FOR YOUR RECORDS ~
REV = i5'9-:rE3f-AFP--(i1f=ooY-----.-i-i'N-HERiYANC-E'-i'A-i-RE-CORD-ADj-usi'i.fE'Ni'-..----------------------- - -----
9113 Trusts (Schedule J)
ESTATE OF VIPOND
DAVID
S FILE NO. 21 01-0033
ADJUSTMENT BASED ON:
VALUE OF ESTATE:
BOARD OF APPEALS REFUND
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)
S. Cash/Bank Deposits/Misc. Personal Property (Schedule E)
6. Jointly Owned Property (Schedule F)
7. Transfers (Schedule G)
8. Total Assets
DEDUCTIONS AND EXEMPTIONS:
9. Funeral Expenses/Administrative Costs/
Miscellaneous Expenses (Schedule H)
Debts/Mortgage Liabilities/Liens (Schedule I)
Total Deductions
Net Value of Tax Return
Charitable/Governmental Bequestsi Non-elected
Net Value of Estate Subject to Tax
10.
11.
12.
13.
14.
TAX:
IS. Amount of Line 14 at Spousal
16. Amount of Line 14 taxable at
17. Amount of Line 14 at Sibling
18. Amount of Line 14 taxable at
19. Principal Tax Due
TAX CREDITS:
rate
Lineal/Class A rate
rate
Collateral/Class B rate
DATE
08-15-2001
03-14-2002
n~ .~..
NUMBER
CD000165
CD000965
l+J
INTEREST/PEN PAID (-)
.00
.00
ACN 101
U) .00
(2) 1,239,131.72
(3) 859,930.00
(4) .00
(5) 186,573.53
(6) .00
(7) 240,349.94
(8)
(9)
UO)
14,725.79
1,950.69
Ul)
(2)
(3)
(4)
DATE
11-05-2002
US)
(6)
(7)
(8)
255,349.94X 00 =
25,OOO.00x 045=
.OOX 12 =
.00x IS =
(19)
2,525,985.19
16,676.48
2,509,308.71
2,228,958.77
280,349.94
.00
1, 125.00
.00
.00
1,125.00
29,535.73
28,410.73CR
.00
28,410.73CR
. IF PAID AFTER DATE INDICATED, SEE REVERSE (IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED.
FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE
A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.)
AMOUNT PAID
1,125.00
28,410.73
TOTAL TAX CREDIT
BALANCE OF TAX DUE
INTEREST AND PEN.
TOTAL DUE
BOARD OF APPEALS
DEPT. 281021
HARRISBURG, PA 17128-1021
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
ELIZABETH P MULLAUGH ESQ
MCNEES WALLACE & NURICK LLC
PO BOX 1166
HARRISBURG PA 17108-1166
IN RE ESTATE OF:
DAVID S VIPOND
DOCKET NO.:
TAX TYPE:
APPEAL TYPE
FILE NUMBER:
ACN:
APPRAISEMENT:
PETITION FILED:
EXAMINER:
MAILING DATE:
0210403
INHERITANCE
REFUND
2101-0033
101
03-13-02
05-06-02
LISA GARLAND DIAZ
Direct Dial: (717) 772-3736
Fax: (717) 787,-7270
Email: Idiaz@st9te.pa.us
OCT ..15 ?:ffl.
DECISION AND ORDER
On March 13,2002, the Department issued an appraisement and assessment
which imposed tax on the GST Residuary Trust at the 4.5% lineal rate. The Department
reasoned that Trust did not qualify for deferral as a sole use trust under Section 2113
because the Trust "benefits the decedent's issue".
A Hearing was held October 1 , 2002, at the Department of Revenue, Board of
Appeals, Harrisburg, Pennsylvania. Present were Elizabeth Mullaugh, Esquire,
representing the Estate and Lisa Garland Diaz, Hearing Officer for the Board of
Appeals.
At David Vipond's death, his wife and four adult children survived him. Petitioner
contends that decedent's estate passed to his revocable trust and was distributed
according to the terms of that trust. Article Three governs how the trust assets are to be
divided upon the death of the Settlor, David Vipond. Furthermore, the Trust is divided
under Article Three into two sub trusts. The GST Exempt Marital Trust is established
Page 1 of 5
ESTATE OF DAVID S VIPOND
BOARD DOCKET NO. 0210403
Page 2 of 5
under Section 3.2.1 and is funded with decedent's generation skipping transfer tax
exemption at decedent's death in the amount of $1 ,030,000.00. The Non-GST Exempt
Marital Trust is established under Section 3.2.2 and is funded with the balance of the
estate under the revocable trust in the amount of $1,178,958.77. This division was for
federal generation skipping transfer tax purposes to segregate the generation skipping
tax exemption to allow those assets to pass to future generations free of additional
federal estate tax. The GST Exempt Marital Trust was to be administered under Article
Four and the Non-GST Exempt Marital Trust was to be administered under Article Six.
For purposes of federal estate taxes, as opposed to generation skipping taxes, the GST
Exempt Marital Trust was further divided and that division was made under the authority
of Section 3.2.1. Here, the language authorizes the executor the right to elect on the
federal estate tax return to have a portion or all of the property distributed to be treated
as a qualified terminal interest property (QTIP) in order to qualify the portion for the
marital deduction. If the executor elects to have the portion qualify for QTIP treatment,
the elected assets may be held and administered by the Trustee as a separate trust.
Pursuant to that authority in Section 3.2.1, the co-trustees, which on the death of the
decedent, were Wilmington Trust Co. and decedent's son, Jonathan Vipond, III, did
subdivide the GST Exempt Marital Trust into two portions that were labeled GST
Exempt Marital Trust, which was actually the portion that qualified for the QTIP election,
and the GST Exempt Residuary Trust, which is more commonly known as a credit
shelter trust. It sheltered the amount of credit from federal estate tax that decedent had
at his death which was $675,000.00 less $25,000.00 in specific bequests that were
deducted from the credit shelter trust or the unified credit trust. Those two trusts, the
ESTATE OF DAVID S VIPOND
BOARD DOCKET NO. 0210403
Page 3 of 5
GST Exempt Marital Trust and the GST Exempt Residuary Trust were both to be
administered under Article Four. Article Four and Article Six govern all the trust assets
for the life of decedent's surviving spouse and those trusts are held exclusively for her
benefit. She receives all the income from these trusts and the principal, if she needs it,
pursuant to an ascertainable standard for her health, support and maintenance. At the
time of the surviving spouse's death, both GST Exempt Marital Trusts (Le., GST Exempt
Marital Trust and the GST Exempt Residuary Trust) will be distributed to GST Exempt
Issue's Trust for David and Florence Vipond's issue, if all of decedent's issue are still
living at the time of the spouse'~ death. It will be divided into four equal shares and
placed in four separate trusts, one each for the benefit of each child and held for that
child's lifetime. The Non-GST Exempt Marital Trust will be distributed to issue outright,
except for instances where it is held in trust for beneficiaries under the age of thirty.
The matter at issue is the unfortunate result of a miscommunication between
Wilmington Trust Co., who prepared the inheritance tax return on behalf of itself and
Jonathan Vipond, III, as Co-trustees and the Department of Revenue, Inheritance Tax
Examiner. It is the understanding of the Petitioner that the examiner was confused at
the wording of the trust document and did not comprehend why there were three trusts,
and not two, shown on the inheritance tax return as being Section 2113 trusts or trusts
for the sole use of the transferor's surviving spouse. Upon inquiry to Wilmington Trust
Co., the examiner was informed that GST Exempt Residuary Trust was being
administered under Article Five. Article Five regards a trust that will
ESTATE OF DAVID S VIPOND
BOARD DOCKET NO. 0210403
Page 4 of 5
hold assets for decedent's issue after the death of decedent's surviving spouse. It is the
understanding of the Petitioner the examiner was, in fact, given incorrect information,
due to the fact that the representative at Wilmington Trust Co. di.d not go back and look
at the documents. Based on that information, the examiner rightfully determined that
the trust held under Article Five did not qualify under Section 2113 as a sole use trust
for the benefit of the transferor's surviving spouse and therefore imposed inheritance tax
at the lineal rate. In conclusion, all the assets in decedent's taxable estate at his death
are being held under the terms of Articles Four and Six under his revocable trust, all for
the sole use of his surviving spouse. His children or more remote issue will not receive
any interest in those assets until the death of the surviving spouse, at which time all of
those assets will be considered as transfers from her for Pennsylvania inheritance tax
purposes and will at that time be taxed at a lineal rate pursuant to the provisions of
Section 2113 of the 1991 Act.
Upon review of the evidence presented, the Board finds that both trusts held
under the GST Exempt Marital Trust which is governed by Article Four and the Non-
GST Exempt Marital Trust which is governed by Article Six provide that only the
surviving spouse is a beneficiary during her lifetime and are sole use trusts under the
provisions of Section 2113.
.
ESTATE OF DAVID S VIPOND
BOARD DOCKET NO. 0210403
Page 5 of 5
Accordingly, it is hereby, Ordered that the petition for refund is granted.
The Department is directed to reduce that portion of the estate subject to tax at
the 4.5% rate to $25,000.00, by deferring tax on GST Exempt ~esiduary Trust until the
death of decedent's surviving spouse. It is further Ordered that a refund be issued for
the resulting overpayment, plus interest if appropriate.
FOR THE BOARD OF APPEALS
~d;C/?/$~~Uftd~2f
..... Gerard J. Sallavanti, Chairman
Jot~~~
ANY APPEAL FROM THIS DECISION MUST BE FILED WITH THE BOARD OF
FINANCE AND REVENUE, 1101 SOUTH FRONT ST., SUITE 400, HARRISBURG, PA
17104, WITHIN NINETY (90) DAYS OF THE MAILING DATE OF THIS DECISION.
TELEPHONE (717) 787-2974
A CASH REFUND CHECK WILL BE MAILED TO YOU BY THE BUREAU OF
INDIVIDUAL TAXES.
IF YOU REQUIRE THIS INFORMATION IN AN ALTERNATE FORMAT UNDER THE
PROVISIONS OF AMERICANS WITH DISABILITIES ACT OF 1990, PLEASE CALL (717)
783-3664, OR FOR SERVICES FOR TAXPAYERS WITH SPECIAL HEARING AND
SPEAKING NEEDS: 1-800-447-3020 (TT ONLY)
\ /6 - D:2CY'J - J.?
v BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
DEPT, Z80601
HARRISBURG, PA 171Z8-0601
DONNA L COLLINS
WILMINGTON TRUST CO
1100 N MARKET ST
WILMINGTON
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
NOTICE OF DETERMINATION AND
ASSESSMENT OF PENNSYLVANIA
ESTATE TAX BASED ON FEDERAL
ESTATE TAX RETURN
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
'*
REV-~85 EX AFP (01-021
'02
APli -1
1); ') ./. C)
,1..._ "'-1....
03-25-2002
VIPOND
11-15-2000
21 01-0033
CUMBERLAND
201
DAVID
S
Anount Renitted
l.> _
nel :11989 0
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
NOTE: To insure proper credit to your account, subnit the upper portion of this forn with your tax paynent.
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR FILES ~
RE-V=48~-EX--AFP--[oi~-02)-----.-i-NCificE--oF--nETE-RMIN-ATlCiN-Aifn-ASisEssiiENT-----------------------------
OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL ESTATE TAX RETURN ..
ESTATE OF VIPOND
DAVID
S FILE NO.2l 01-0033
ESTATE TAX DETERMINATION
ACN 201
DATE 03-25-2002
1. Credit For State Death Taxes as Verified
.00
2. Pennsylvania Inheritance Tax Assessed
(Excluding Discount and/or Interest)
28,284.80
3. Inheritance Tax Assessed by Other States
or Territories of the United States
(Excluding Discount and/or Interest)
.00
4. Total Inheritance Tax Assessed
28,284.80
5. Pennsylvania Estate Tax Due
.00
TAX CREDITS:
PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID
DATE NUMBER INTEREST/PEN PAID (-)
TOTAL TAX CREDIT .00
BALANCE OF TAX DUE .00
INTEREST AND PEN. .00
TOTAL DUE .00
-IF PAID AFTER THIS DATE, SEE REVERSE SIDE (IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED
FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU HAY BE
DUE A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS.)
WILMINGTON
TRUST
Wilmington Trust Company
Rodney Square North
1100 North Market Street
Wilmington, DE 19890-0001
~larch 14, 2002
.02 i'1111; 1 S P 1
AlC # 56046-0
l -, ,
-~,--
Cur ~"
Register of Wills of Cumberland County Courthouse
1 Courthouse Sq.
Carlisle, PA 17013-3387
Attn: Anne
Re: Estate of David S. Vipond
Date of Death: November 15,2000
SSN: 195-10-8751
Dear Anne:
Enclosed is a check in the amount of $28,41 0.73 to cover the additional
taxes and interest due on the abover reference estate. Sorry for the
inconvience. Please call if I can be of any further assistants.
Sinc~y, ~ ~
I (~,~,/ t!-eL~
Donna L. Collins, CPA
Assistant Vice President
Private Client Advisory Service
(302) 651-1839
Dcollins@WilmingtonTrust.Com
Enclosures
83/14/2882 11:15
r--.
/ b-JaJ- ?
717-783-3467
INH~RITANCE TAX
, .
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
9URSAU OF INDIVlDUAL TAXES
,NHERlTANC<:: TAX DIVISION
DEf i, 280601
HARRISBURG, PA 17128.0601
;-:~" .' NOTICE OF INHERITANCE TAX
~PRAlSEMENT, ALL.OWANCE OR D1SALL.OWANCE
c 'OF DEDUCTIONS AND ASSESSMENT OF TAX
DATE
ESTATE OF
DATE OF DEATH
FILE NO.
COUNTY
ACN
03/13/2002
David S. Vipond
11115/2000
2101-0033
Cumberland
101
'02
[!: fJ l; 1 ()
'jtJ\ . U
<'5
r) 1
Donna L. Collins
Wilmington Trust Co.
1100 North Market Street
Wilmington DE 19890
~ ,;. :.~
Cu (:"
PAGE 81/83
.~/
116""''''' EX IlM7J pe
Amount Romltted
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
Register of Wills
Cumberland County Courthouse
Carlisle, PA 17013
CUT ALONG THIS LINE Q RETAIN LOWER PORTION FOR YOUR RECORDS ~
--kEV:1547 EX (lj6:97YPC ........ m--'Notic'e'ciF "INJ7t"ERl'rA'NCe"TAX" A p'pRAis'EMENT: . A"LCOWANCEf OR" "" --" u_." -'''......... u.
DISALL.OWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
FILE NO. 2101-0033 ACN 101
TAX RETURN ~S: ((J) ACCEPTED AS FILED ( ~ ) CHANGED
RESERVATION CONCERNING FUTURE INTEREST - see REVERSE
APPRAISED VAL.UE 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. Jointly Owned Property (Schedule F)
7. Transfers (SchedwLe G)
8. Total Assets
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) (9) 14,725.79
10. Oebts/MortgsQe Liabilities/Liens (Schedule I) (10) 1.950.69
". Total Deductions (11) 16,676.48
12. Net Value of Tax Retwrn (12) 2,509,308.71
13. Charitable/Govermental Bequests; Non"elected 9113 Trusts (Schedule (13) 1,625,407.74
14. Net Value of Estate Subject to Tax (14) 883,900,97
NOTE: If an assessment WRS issued previously, lines 14, 15 and/or 16,17 and 18 will raflset figures
that Include the total of !ll returns assessed to date.
ASSESSMENT OF TAX:
15. Amount 01 Lfne 14 at Spousal rste
16. Amount on Line 14 taxable at Lineal/Class A rate
17. Amount 01 Line l' taxable at Sibling rate
18. Amount of Line 14 taxable at Collateral/ClassB rate
19. Principal Tax Due
TAX CREDITS:>
ESTATE OF
David S. Viponc:1
(1)
(2)
(3)
(4)
(5)
(6)
(7)
0.00
1,239,131.72
859,930.00
0.00
186,573.53
0.00
240,349.94
(8)
(15
(16
07
(18
255,349.94
628,551.03
0.00
0.00
x .00=
X .045=
X .12 =
X .15 =
(19)
DATE 03/1312002
NOTE: To insure propel"
aodlt to your accOc.lnt.
submit me upper portion
of thIs rorm wltll ygur
tax pll)'ment.
2,525,985.19
0.00
28.2S4.SO
0.00
0.00
28,284.80
PAYMENT RECEIPT DISCOUNT (+)
D.A TE NUMBeR INTEREST/PEN PAID (-) AMOUNT PAlO
08/15/2001 COOO0165 0.00 '1.125.00
INTEREST IS CHARGED THROUGH 03/14/2002 AT THE RATES APPLICASLE AS TOT AL TAX CREDIT 1,125.00
OUTLINED ON THE ~EVERSE SIDE OF THIS FORM BALANCE OF TAX DUE 27,159.80
INTEREST 1,250.93,
TOTAL DUE '28.'10,73
*
IF PAID AFTER DATE INDICATED, SEE REVERSE
FOR CALCULATION OF ADDITIONAL INTEREST.
(IF TOv.L DOE IS LESS '1'HAN $1, )to PADlEN'l' IS REQl1IllJ:D.
I!' '1'O'UL DU2 IS JlI!PLI!C'1'JlI) U A. CMnX': (a). %00""l!' I!lJ! DUI!
A IUlJUml. sla NVIlIlSIl SIDII 01' ~lUS POIlW PCIIl. nlSomueT%0M8.)
03/14/2002 11:15
717-783-3467
INHERITANCE TAX
PAGE 63/63
.~
, .
# .
PROBATE 1&:1 JBA 0 DATE:3f14J02
RI!V.l.'.lfX~
'*' INHERITANCE TAX
EXPLANATION
COMMONWEAL iH OF PENNSYLVANIA
DEPARTMENT OF REVENUE OF CHANGES
BUREAU OF INDIVIDUAL. TAXES
DEPT, 2S0801
HA.RRISBURG PA 17128.De01
DECEDENT'S NAME fiLE NUMBER
Estate of David S. Vipond 2101-0033
ACN
101
SCHEDULE ITEM EXPlANATION OF CHANGES
NO.
J II-A Reduced to $1,605,407.74. The GST Exempt Residuary Trust benefits the decedent's issue
and is subject to tax at the lineal rate.
.
...... "IF
.-
.
-
'_':'1<
TAX EXAMINER: Shawn E. Young
PAGE 1
/ &. ),C:::j")~J' f?
.. ," BUREAU OF INDIVIDUAL TAXES
,\, INHERITANCE TAX DIVISION
DEPT. 280601
HARRISBURG, PA 17128-0601
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
NOTICE OF INHERITANCE TAX
APPRAISEMENT, ALLOWANCE OR DISALLOWANCE
OFiPI;DUCTIONS AND ASSESSMENT OF TAX
DATE
ESTATE OF
DATE OF DEATH
) FILE NO.
L. COUNTY
ACN
'02
Hlf: -1
Donna L. Collins
Wilmington Trust Co.
1100 North Market Street
Wilmington DE 19890
l; _
ClT,
vAJiU '*
REV.1547 EX (12.97) PC
03/13/2002
David S. Vipond
11/15/2000
2101-0033
Cumberland
101
Amount Remitted
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
Register of Wills
Cumberland County Courthouse
Carlisle, PA 17013
CUT ALONG THIS LINE c:> RETAIN LOWER PORTION FOR YOUR RECORDS ~
. 'rfEV~1547 EX -(Oli'-97fPC'" -''... - -, 'Notit'E 'CYF 'fNt'IER"fT i.'Nce.tA5( AP'PRAis'EMeNt~ 'i.'CL.OWANCE' OR -",.,.. - -.,...." - - - -.........-
DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX
ESTATE OF David S. Vipond FILE NO. 2101-0033 ACN 101 DATE 03/13/2002
TAX RETURN WAS: ([]) 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. Jointly Owned Property (Schedule F)
7. Transfers (Schedule G)
8. Total Assets
APPROVED DEDUCTIONS AND EXEMPTIONS:
9. Funeral Expenses/Adm. Costs/Misc. Expenses (Schedule H) (9) 14,725.79
10. Debts/Mortgage Liabilities/Liens (Schedule I) (10) 1,950.69
11. Total Deductions (11) 16,676.48
12. Net Value of Tax Return (12) 2,509,308.71
13. Charitable/Governmental Bequests; Non-elected 9113 Trusts (Schedule (13) 1,625,407.74
14. Net Value of Estate Subject to Tax (14) 883,900.97
NOTE: If an assessment was issued previously, lines 14, 15 and/or 16,17 and 18 will reflect figures
that include the total of ALL returns assessed to date.
(1)
(2)
(3)
(4)
(5)
(6)
(7)
ASSESSMENT OF TAX:
15. Amount of Line 14 at Spousal rate
16. Amount on Line 14 taxable at Lineal/Class A rate
17. Amount of Line 14 taxable at Sibling rate
18. Amount of Line 14 taxable at Collateral/Class B rate
19. Principal Tax Due
TAX CREDITS:
(15
(16
(17
(18
PAYMENT
DATE
08/15/2001
RECEIPT
NUMBER
CD000165
DISCOUNT (+)
INTEREST/PEN PAID (-)
0.00
AMOUNT PAID
1,125.00
TOTAL TAX CREDIT 1,125.00
BALANCE OF TAX DUE 27,159.80
INTEREST 1,250.93
TOTAL DUE 28,410.73
(IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A CREDIT (CR), YOU MAY BE DUE
A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.)
INTEREST IS CHARGED THROUGH 03/14/2002 AT THE RATES APPLICABLE AS
OUTLINED ON THE REVERSE SIDE OF THIS FORM
*
IF PAID AFTER DATE INDICATED, SEE REVERSE
FOR CALCULATION OF ADDITIONAL INTEREST.
0.00
1,239,131.72
859,930.00
0.00
186,573.53
0.00
240,349.94
(8)
255,349.94 X .00=
628,551.03 X .045=
o . 00 X. 12 =
o . 00 X . 15 =
( 19)
NOTE: To insure proper
credit to your account,
submit the upper portion
of this form with your
tax payment.
2,525,985.19
0.00
28,284.80
0.00
0.00
28,284.80
l~v-1470 EX (6-88)
'*' INHERITANCE TAX
EXPLANATION
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE OF CHANGES
BUREAU OF INDIVIDUAL TAXES
DEPT. 280601
HARRISBURG PA 17128-0601
DECEDENTS NAME FILE NUMBER
Estate of David S. Vipond 2101-0033
ACN
101
SCHEDULE ITEM EXPLANATION OF CHANGES
NO.
J II-A Reduced to $1,605,407.74. The GST Exempt Residuary Trust benefits the decedent's issue
- mm__ ,~,~ ~,___v,_~~
and is subject to tax at the lineal rate.
- -
- -
--
--- ,~-- _~~~mu~v_~Y~~~~~m_'m_~~'N~~~___~
- - m_.__~~^
- .
m~~_"
- 'm__~~_~,~_~
- ~~~~""""'__u~~'~ -.
PROBATE ~ JBA 0 DATE:3/14102
TAX EXAMINER: Shawn E. Young
PAGE 1
I b -~CJ-.J?
'" BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
DEPT. 280601
HARRISBURG, PA 17128-0601
ELIZABETH P MULLAUGH, ESQ
MCNEES WALLACE 8 NURICK .
PO BOX 1166
HARRISBURG
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
NOTICE OF DETERMINATION AND
ASSESSMENT OF PENNSYLVANIA
ESTATE TAX BASED ON FEDERAL
CLOSING LETTER
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
'*
REY-156 EX iFP (Dl-DZl
02-17-2003
VIPOND
11-15-2000
21 01-0033
CUMBERLAND
202
DAVID S
Allount Rellitted
PA 17108-1166
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
NOTE: To insure proper credit to your account, subllit the upper portion of this forll with your tax paYllent.
CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR FILES ~
ifEV =7 3'6--Ex--A'FP-Toi:-o:H-----..-Noric'E--oF--DET'E-RHiiiA'fioN-;:~rD-ASSESSHENT----------------------- - - ---
OF PENNSYLVANIA ESTATE TAX BASED ON FEDERAL CLOSING LETTER ..
ESTATE OF VIPOND
DAVID
S FILE NO.21 01-0033
ACN 202
DATE 02-17-2003
ESTATE TAX DETERMINATION
1.
Credit For State Death Taxes as Verified
.00
2.
Pennsylvania Inheritance Tax Assessed
(Excluding Discount and/or Interest)
1.125.00
3.
Inheritance Tax Assessed by Other States
or Territories of the United States
(Excluding Discount and/or Interest)
.00
4.
Total Inheritance Tax Assessed
1.125.00
5.
Pennsylvania Estate Tax Due
.00
6.
Amount of Pennsylvania Estate Tax Previously Assessed
Based on Federal Estate Tax Return
.00
7.
Additional Pennsylvania Estate Tax Due
.00
TAX CREDITS:
PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID
DATE NUMBER INTEREST/PEN PAID (-)
TOTAL TAX CREDIT .00
BALANCE OF TAX DUE .00
INTEREST AND PEN. .00
TOTAL DUE .00
-IF PAID AFTER THIS DATE, SEE REVERSE SIDE (IF TOTAL DUE IS LESS THAN $1, NO PAYHENT IS REQUIRED
FOR CALCULATION OF ADDITIONAL INTEREST. IF TOTAL DUE IS REFLECTED AS A "CREDIT"" (CR), YOU HAY BE
DUE A REFUND. SEE REVERSE SIDE OF THIS FORH FOR INSTRUCTIONS.)
WILMINGTON
TRUST
Wilmington Trust Company
Rodney Square North
1100 North Market Street
Wilmington. DE 19890-0001
CERTIFIED MAIL
7000 1670 0002 2841 0352
August 15,2001
Aj C# 54019-0
Register of Wills of Cumberland County Courthouse
1 Courthouse Sq.
Carlisle, PA 17013-3387
Re: Estate of David S. Vipond
Date of Death: November 15, 2000
SSN: 195-10-8751
Dear Sir:
We are enclosing, Form REV1500, PA Inheritance Tax Return that we have
prepared and executed as co-executor of the above referenced Estate.
Accompanying the return is a copy of the United States Estate Tax Return (Form
706).
Please acknowledge receipt of the enclosures and payments by signing and
dating the enclosed copy of this letter of transmittal and returning it to us in the
envelope provided.
~/~-
Donna L. Collins, CPA
Assistant Vice President
Private Client Advisory Services
(302) 651-1839
Dca lIins((V, Wilmington Trust. Com
Enclosures
Cc: Jonathan Vipond, III (w /0 enclosures)
Estate of David S. Vipond
SS#: 195-10-8751
LIST OF DOCUMENTS ACCOMPANYING RETURN
1. Additional Copy ofPA Inheritance Tax Return -- Form REV-1500
2. A copy of United States Estate Tax Return -- Form 706
3. A copy of the Will of the decedent.
· Will dated 10/02/98
4. A copy of the death certificate.
5. Trust Agreement -- David S. Vipond Trustee under agreement
dated 11/16/93 and amended by supplemental trust agreement
dated 10/2/98 for David S. Vipond
6. Tangible Personal Property Appraisal
7. Trust Agreement -- Jonathan Vipond, III Trustee under
agreement dated 11/14/90 with David S. Vipond and Florence N.
Vipond for grantors' issue.
8. Metro Corporation's Shareholder Agreement
9. Metro Corporation's stock date of death valuation calculation
10. Metro Corporation's prior income tax returns -- 1996 to 2000
11. Metro Corporation -- List of Principal Stockholders, Relationship
to the Decedent, # of Shares, Title and Directors Fees.
12. Metro Corporation -- Statement of Dividends Paid for past 5
years.
E.
---
CERTIFICATION OF NOTICE UNDER RULE 5.6(a)
Name of Decedent: David S. Vipond
Date of Death: November 15,2000
Will No.
2001-00033
Admin. No.
To the Register:
I certify that notice of beneficial interest required by Rule 5.6(a) of the Orphans'
Court Rules was served on or mailed to the following beneficiaries of the above-captioned estate
on March 26,2001
Name
Address
Florence N. Vipond, c/o Jonathan Vipond, III, Agent, 213 Market Street, 3rd Floor, Harrisburg, PA 171 01
Wilmington Trust Company
Jonathan Vipond
1100 North Market Street, Wilmington, DE 19890
213 Market Street, 3rd Floor, Harrisburg, PA 17101
Notice has now been given to all persons entitled thereto under Rule 5.6(a) except N/A
Date: 3lz. (0 ;6/
I /
~
Address McNEES, WALLACE & NURICK
100 Pine Street
P.O. Box 1166
Harrisburg, PA 17108-1166
Telephone (717) 237-5243
Capacity: _ Personal Representative
~ Counsel for personal representative
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
DEPT.2B0601
HARRISBURG, PA 17128-0601
RECEIVED FROM:
WILlMINGTON TRUST COMPANY
RODNEY SQUARE NORTH
1100 N MARKET STREET
WILlMINGTON, DE 19890
nu_u_ fold
PENNSYLVANIA
INHERITANCE AND ESTATE TAX
OFFICIAL RECEIPT
ESTATE INFORMATION: SSN: 195-10-8751
FILE NUMBER: 21-2001- 0033
DECEDENT NAME: VIPOND DAVID S
DATE OF PAYMENT: 08/16/2001
POSTMARK DATE: 08/15/2001
COUNTY: CUMBERLAND
DATE OF DEATH: 11/15/2000
REMARKS: WILMINGTON TRUST
C/O DONNA L COLLINS
CHECK# ?
SEAL
ACN
ASSESSMENT
CONTROL
NUMBER
101
TOTAL AMOUNT PAID:
INITIALS: AC
RECEIVED BY:
REV-1162 EX(11-96)
NO. CD 000165
MARY C. LEWIS
REGISTER OF WILLS
REGISTER OF WILLS
AMOUNT
$1,125.00
$1,125.00
A~fr
v
McNees Wallace & Nurick LLC
attorneys at law
LINDA M. ESHELMAN
ESTATE PARALEGAL
DIRECT DIAL: (717) 237-5210
E-MAIL ADDRESS:LESHELMAN@MWN.COM
October 24,2001
Register of Wills
Cumberland County Courthouse
One Courthouse Square
Carlisle, PA 17013-3387
RE: Estate of David s. Vipond
Cumberland County File No.: 21-01-33
Inventory
Our file: 20282-0001
Ladies and Gentlemen:
Enclosed for filing in the above-referenced estate is an Inventory. Also, enclosed is
a check for the $16.00 filing fee.
Please date-stamp the enclosed copy, and return to our office in the envelope
provided.
Thank you.
LME/lme
Enclosures
cc: Jonathan Vipond, III, Esquire
Karen A. Graham, Vice President
PO Box 1166 . 100 PINE STREET. HARRISBURG, PA 17108-1166. TEL: 717.232.8000. FAX: 717.237.5300. WWW.MWN.COM
COLUMBUS, OH . HAZLETON, PA. WASHINGTON, DC
c/
,
COMMONWEALTH OF PENNSYLVANIA
COUNTY OF CUMBERLAND
55:
I
)
Wilmington Trust Compa~y, a Del~ware_Corporation and Jonathan Vipond, III, Esquire
being duly
sworn
according to law, deposes and says that they are the Co-Executors
_________ of the Estate of David S. Vipond
late of ~4_~1!:l,lo<:~_ C:!::J:'~~_~__C~r!i~:J.e ___ , Cumberland County, Pa., deceased and that the
within is an inventory made by Wi!!tington Trust Company_ __ ______, the said Co-Executors
of the entire estate of said decedent, consisting of all the personal prop~rty and real estate, except real estate outside
the Commonwealth of Pennsylvania, and that the figures opposite each item of the Inventory represent it's fair value
as of the date of decedent's death - Wilmington Trust Company, Co-Executor for
the Estate of David S. Vipond
and subscribed before me, I By: ~~Azjt.'?-<--Let---
I' Co- El<8cutor . Administrator
Karen A. Graham, Vice President
1100 North Market Street
r ~--~ Wilmi~"tDJh ~ l~
II a-:J:4A- i~ 19\
onathan Vipond/4 pI~ Co-"Exe-'ctor
J Buchanan Ingersoll
One South Market Square
213 Market Street~ 3rd Floor
Harrisburg, PA 17101
Sworn
~ 2001
St.ephanie C,. Chilcote. Notary Public
Clly of ~~sburg. Dauphin County
My Commission Expires Aug. 8. 2005
Member, PennsylVania Association ot Notaries
Date of Death Novemh~_rJ.--1~L_2000
Day
Month
Year
INSTRUCTIONS
I. An inventory must be filed within three months after appointment of personal representative.
2. A supplement inventory must be filed within thirty days of discovery of additional assets.
3. Additional sheets may be attached as to personalty or realty
4. See Article IV, Fiduciaries Act of 1949.
..
I ~I
~I
I ~I
II 1;)1
II , -0
>- il III
I- lJJ ...
II >- a:: I- III
lJJ < U, CIl
("'") II IX Q.. I- ~ I-i u
0 CIl III
("'") 0 c.n .~ a 0- ~
I lJJ a:: lJJ 0 I;) III
:r 'II
...... J- Q.. ~ D- c
0 II Z I- ...J U. ~ ...Ill III ..
I: ...J < 0 U, D- o
I U. :t:
...... " w 0 < lJJ 01 -;..
Nj :1 > Z a:: . ...-I <
II Cf.l ~I ....
I' Z 0 c:
a :>
,I c.n r:::l 0
I' z ~,
0 ex:: -<( 5 , u
z il UJ -.::1" -
Q.. -.::1'1 -0
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, .... -.:
I 0 CIl
..Q -0 ...lo:
II (I) E
.... Q) 0
II III :J 0
...J U u: IXl
.
INVENTORY FOR THE ESTATE OF DAVID S. VIPOND,
LATE OF 44 BULLOCK CIRCLE, CARLISLE,
CUMBERLAND COUNTY, PENNSYLVANIA 17013
DATE OF DEATH: NOVEMBER 15, 2000
------------------------------------------------------------------------------
------------------------------------------------------------------------------
Common Stocks
815 Shs. Alcatel Sponsored ADR
@ $58.16
47,397.34
6,750 Shs. Biomet Inc., Com
@ $37.97
256,289.06
2,956 Shs. Cognex Corp. Com
@ $29.59
87,479.13
4,000 Shs. Debenture Standard Wood Of
Pennsylvania, Inc.
.00
3,805 Shs. Metro Corporation Com
@ $226.00
859,930.00
1,500 Shs. Pitney Bowes Inc., Com
@ $29.19
43,781.25
500 Shs. Potter Instrument Company Inc.,
Com
.00
2,000 Shs. Raytheon Co., Cl B
@ $34.00
68,000.00
1,000 Shs. Standard Wood of Pennsylvania
Inc., Com
.00
4,000 Shs. Strum Ruger & Co. Inc., Com
@ $8.84
35,375.00
1,500 Shs. Sundries Marketing Co., Inc.
Com @ $.00
.00
10,000 Shs. Winchester Larder Mines LTD
Com
.00
Personal Property
1977 Chrysler Town & Country Van
15,000.00
FORWARD
$ 1,413,251.78
- 1 -
ACCOUNT 54019-0
INVENTORY FOR THE ESTATE OF DAVID S. VIPOND,
LATE OF 44 BULLOCK CIRCLE, CARLISLE,
CUMBERLAND COUNTY, PENNSYLVANIA 17013
DATE OF DEATH: NOVEMBER 15, 2000
===========================================~==================================
FORWARD
Mutual Funds
22,883.136 Units DMC Tax Free Income Tr
Pa Sh Ben Int A @ $7.66
18,745.802 Units Eaton Vance Invt Tr Pa
Ltd Mun A @ $9.99
30,666.778 Units Municipal Secs Income
Tr Fed Pa Mun A @ $11.03
Cash
American Express
Redemption of Travelers checks
Claim #012717039
First Union
Checking Account #1000040304147
First Union
Checking Account #1000087646172
Interest accrued to 11/15/00
Metro Corp Officers fees
Check dated 01/03/01
Dow Jones & Company, Inc.
Refund of Wall Street Journal
Subscription
TOTAL PRINCIPAL RECEIPTS
- 2 -
ACCOUNT 54019-0
$ 1,413,251.78
175,284.82
187,270.56
338,254.56
800.00
18,722.50
145,282.18
53.24
6,500.00
215.61
$ 2,285,635.25
---------------
---------------
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
DEPT. 280601
HARRISBURG, PA 17128-0601
RECEIVED FROM:
PENNSYLVANIA
INHERITANCE AND ESTATE TAX
OFFICIAL RECEIPT
WilMINGTON TRUST COMPANY
RODNEY SQUARE NORTH
1100 NORTH MARKET STREET
WilMINGTON, DE 19890-0001
__nun fold
ESTATE INFORMATION: SSN: 195-10-8751
FILE NUMBER: 2101-0033
DECEDENT NAME: VIPOND DAVID S
DA TE OF PAYMENT: 03/18/2002
POSTMARK DATE: 03/14/2002
COUNTY: CUMBERLAND
DATE OF DEATH: 11/15/2000
ACN
ASSESSMENT
CONTROL
NUMBER
101
TOTAL AMOUNT PAID:
REMARKS: WilMINGTON TRUST
SEAL
INITIALS: AC
RECEIVED BY:
REGISTER OF WILLS
REV-1162 EX( 11-96)
NO. CD 000965
AMOUNT
--------
I $28,410.73
I
I
I
I
I
I
I
I
$28,410.73
MARY C. lEWIS
REGISTER OF WillS
-
\/
// //
/o-02c-v- 25
BUREAU OF INDIVIDUAL TAXES
INHERITANCE TAX DIVISION
DEPT. 280601
HARRISBURG, PA 17128-0601
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
INHERITANCE TAX
STATEMENT OF ACCOUNT
'*
REV-U07 EX AFP [01-02)
'02 1\IJi<
29
p ':j :.1 ::")
DATE
ESTATE OF
DATE OF DEATH
FILE NUMBER
COUNTY
ACN
04-22-2002
VIPOND
11-15-2000
21 01-0033
CUMBERLAND
101
DAVID
S
DONNA L COLLINS
WILMINGTON TRUST CO
1100 N MARKET ST l~_
WILMINGTON DE Ch9Si90
Amount Remitted
MAKE CHECK PAYABLE AND REMIT PAYMENT TO:
REGISTER OF WILLS
CUMBERLAND CO COURT HOUSE
CARLISLE, PA 17013
NOTE: To insure proper credit to your account, submit the upper portion of this form with your tax payment.
CUT ALONG THIS LINE .. RETAIN LOWER PORTION FOR YOUR RECORDS ~
REV: i6o-j-Ex-AFP--foY:02y------....-iNHERITANci-YAx--STATEMENY-oF'-AccOlitff--...--------------- - -----
ESTATE OF VIPOND DAVID S FILE NO. 21 01-0033 ACN 101 DATE 04-22-2002
THIS STATEMENT IS PROVIDED TO ADVISE OF THE CURRENT STATUS OF THE STATED ACN IN THE NAMED ESTATE. SHOWN BELOW
IS A SUMMARY OF THE PRINCIPAL TAX DUE, APPLICATION OF ALL PAYMENTS, THE CURRENT BALANCE, AND, IF APPLICABLE,
A PROJECTED INTEREST FIGURE.
DATE OF LAST ASSESSMENT OR RECORD ADJUSTMENT: 03-13-2002
PR I NCI PAL TAX DUE: ...........................................................................................................................................................................................................................
28,284.80
PAYMENTS (TAX CREDITS):
PAYMENT RECEIPT DISCOUNT (+) AMOUNT PAID
DATE NUMBER INTEREST/PEN PAID (-)
08-15-2001 CDOOO165 .00 1,125.00
03-14-2002 CDOO0965 1,250.93- 28,410.73
TOTAL TAX CREDIT 28,284.80
BALANCE OF TAX DUE .00
INTEREST AND PEN. .00
IF PAID AFTER THIS DATE, SEE REVERSE TOTAL DUE .00
IE
SIDE FOR CALCULATION OF ADDITIONAL INTEREST.
( IF TOTAL DUE IS LESS THAN $1,
NO PAYMENT IS REQUIRED.
IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR),
YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS. )
(Jv
o~
STATUS REPORT UNDER RULE 6.12
Name of Decedent:
David S. Vipond
Date of Death:
November 15, 2000
Will No.
2001-00033
Admin. No.
Pursuant to Rule 6.12 of the Supreme Court Orphans'
Court Rules, I report the following with respect to completion of
the administration of the above-captioned estate:
1. State whether administration of the estate is complete:
Yes"~ 1'10
2. If the answer is No, state when the personal
representative reasonably believes that the administration will be
complete:
3. If the answer to No.1 is Yes, state the following:
a. Did the personal representative file a final
account with the Court? Yes No X
b. The separate Orphans' Court No. (if any) for
the personal representative's account is:
c. Did the personal representative state an
account informally to the parties in interest? Yes X No
d. Copies of receipts, releases, joinders and
approvals of formal or informal accounts may be filed with the
Cerk of the Orphans' Court and may be attached to this report.
Date' JZj'/67- ~~=;~~.~
Elizabeth F. Mullaugh, Esq. ----'~
Name (Please type or print)
McNees Wallace & Nurick LLC
F. O. Box 1166, Harrisburg, FA 17108
Address
(717 ) 237-5243
Tel. No.
Capacity:
Personal Representative
Y' Counsel for personal
representative
(MAH:rmf/AM3)
JRD/June 30, 1992/1 7858
In Re: Estate of David S. Vipond
Late of South Middleton Township
ORPHANS' COURT DIVISION
COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY
PENNSYLVANIA
Estate No.: 21-2001-0033
NO. 21-2001-0033
NOTICE OF FAILURE TO FILE STATUS REPORT AND REQUEST TO CONDUCT A
HEARING PURSUANT TO RULE 6.12, SUPREME COURT ORPHANS' COURT RULE
Personal Representative: Jonathan Vipond III
Counsel for Personal Representative:
Date of Decedent's Death: 11-15-2000
Date of Delinquency Notice: 10-08-2002
The undersigned, Mary C. Lewis, Register of Wills, in accordance with Rule 6.12,
Supreme Court Orphans' Court Rules, hereby notifies the Orphans' Court Division, Court of
Common Pleas of Cumberland County, that neither the above named personal representative nor
the above named counsel for the personal representative have filed with the Register of Wills or
Clerk of the Orphans' Court his, her or its Status Report required by Rule 6.12, Supreme Court
Orphans' Court Rule and that the requisite notice, pursuant to Rule 6.12, Supreme Court
Orphans' Court Rules, was given by the Register of Wills on 10-08, 2002, and that the ten (10)
day notice to file the Status Report has expired. Accordingly, in accordance with Rule 6.12 the
Court is hereby notified of such delinquency and the undersigned requests that a Court conduct a
hearing to determine whether sanctions should be imposed upon the delinquent personal
representative or counsel for the delinquent personal representative.
Distribution:
Personal Representative
Counsel for Personal Representative
Estate File
I'.t?~
Mary C. Lewis, R~gister o~~
Date: 12-09-2002
A hearing is scheduled for at in Courtroom No.3. If the Status Report is filed
prior to the hearing date, the hearing will automatically be cancelled.
George E. Hoffer, P.J.
Cumberland County - Register Of Wills
Hanover and High Street
Carlisle, PA 17013
Phone: (717) 240-6345
Estate of VIPOND DA~ID" S
File Number: 2001-00033'''''-,
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Date: 10/08/2002
JONATHAN VIPOND III
3728 LISBURN R0Ao
"
MECHANICSBURG, PA "'1..-7055
RE:
Dear Sir/Madam:
It has come to my atter
Report by Personal Represen1
estate.
As per the AMENDMENTS '
103 SUPREME COURT RULES DOC:
July I, 1992, the personal
(2) years of the decedent's
Wills a Status Report of co
This filing will becom
Your prompt attention
Thank You.
cc:
~ile
Counsel
Judge
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A~KvtJk
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:he Status
:= captioned
r RULES, NO.
on or after
within two
gister of
tration.
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Sincerely,
~JJtf)d# ~~
MARY C. LEWIS.~4~
REGISTER OF WILLS ~
------
-~
Voucher
Wilmington Trust
Trust Services
Rodney Square North
1100 North Market Street
Wilmington, DE 19890-0001
Check No.
0895190
Check Amount
1,197.00
Date
09/17/01
Explanation:
ACCOUNT NUMBER 54019-0
REGISTER OF WILLS AND CLERK OF
THE ORPHANS' COURT
21-01-33 ADDITIONAL PROBATE PEE ESTATE
OP DAVID S VIPOND
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