HomeMy WebLinkAbout06-26-15 1505614134
EX(03-14)(FI)
REV-1500 OFFICIAL USE ONLY
Bureau of Individual Taxes County Code Year File Number
PO BOX 280601 INHERITANCE TAX RETURN 2 1 1 4 0 2 9 9
Harrisburg,PA 17128-0601 RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYYYY
0 3 0 6 2 0 1 4 0 1 1 1 1 9 2 2
Decedent's Last Name Suffix Decedent's First Name MI
L A I D I G K E R M I T M
(If Applicable)Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name MI
L A I D I G A . J E A N
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
0 1.Original Return ❑ 2.Supplemental Return ❑ 3.Remainder Return(date of death
Prior to 12-13-82)
❑ 4.Agriculture Exemption ❑ 5.Future Interest Compromise(date of El6.Federal Estate Tax Return Required
(date of death on or after 7-1-2012) death after 12-12-82)
❑X 7.Decedent Died Testate ❑ 8.Decedent Maintained a Living Trust 0 9.Total Number of Safe Deposit Boxes
(Attach copy of will.) (Attach copy of trust.)
❑ 10.Litigation Proceeds Received ❑ 11.Non-Probate Transferee Return ❑ 12. Deferral/Election of Spousal Trusts
(Schedule F and G Assets only)
❑ 13.Business Assets ❑ 14.Spouse is Sole Beneficiary
(No trust involved)
CORRESPONDENT-THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytime Telephone Number
J OE R . Z U L L I N G E R 717 264 6029
First Line of Address
1 4 NORTH MAI N STREET
Second Line of Address
S U I T E 2 0 0
City or Post Office State ZIP Code
CHAMBE R S B U R G PA 1 7 2 0 1
Correspondent's e-mail address: lzullingerC�zullinger-davis.com
REGISTER OF WILLS(USE ONLY
REGISTER OF WILLS USE ONLY t :T7 r*i
DATE FILED MMDDYYYY G G.3 O'
M -D C,>
ri, CT) C�,
Cn a o
Qi0.TE.FILED STAt P -T7
(D
►- r-- !Ti
� C>
PLEASE USE ORIGINAL FORM ONLY
Side 1
1111111 VIII VIII VIII VIII VIII VIII 11111 VIII VIII IIII IIII
L 1505614134 1505614134 J
1505614234
REV-1500 EX(FI)
Decedent's Social Security Number
Decedent's Name: KERMIT M. LAIDIG
RECAPITULATION
1. Real Estate(Schedule A) 1
2. Stocks and Bonds(Schedule B) ... .... . . . . . . ... .............. . . . ..... 2.
3. Closely Held Corporation,Partnership or Sole-Proprietorship(Schedule C) .. .. . 3.
4. Mortgages and Notes Receivable(Schedule D) .. . . . .. .......... . . . . ..... 4.
5. Cash,Bank Deposits and Miscellaneous Personal Property(Schedule E)....... 5. 3 9 3 1 4 • 0 0
6. Jointly Owned Property(Schedule F) ❑ Separate Billing Requested ..... . . 6.
7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property
(Schedule G) ❑ Separate Billing Requested ... . . . . 7.
8. Total Gross Assets(total Lines 1 through 7) ...... . . .. . . . . . ........ . . . . 8. 3 9 3 1 4 0 0
9. Funeral Expenses and Administrative Costs(Schedule H) . . .. ...... .. . . . ... 9• 1 0 2 8 • 5 0
10. Debts of Decedent,Mortgage Liabilities,and Liens(Schedule 1) ..... . .. ..... 10.
11. Total Deductions(total Lines 9 and 10) . .. . . ................ . .. ....... 11. 1 0 2 8 • 5 0
12. Net Value of Estate(Line 8 minus Line 11) .................. . . ....... . 12. 3 8 2 8 5 . 5 0
13. Charitable and Governmental Bequests/Sec 9113 Trusts for which
an election to tax has not been made(Schedule J) .... ... . .. . . . ...... . . . 13.
14. Net Value Subject to Tax(Line 12 minus Line 13) .. . ... .. . . . ........ .. . 14. 3 8 2 8 5 . 5 0
TAX CALCULATION-SEE INSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line 14 taxable
at the spousal tax rate,or
transfers under Sec.9116
(a)(1.2)x.00 3 8 2 8 5 . 5 0 15. 0 . 0 0
16. Amount of Line 14 taxable
at lineal rate X.o_ 0 . 0 0 16. 0 . 0 0
17. Amount of Line 14 taxable
at sibling rate X.12 0 . 0 0 17. 0 . 0 0
18. Amount of Line 14 taxable
at collateral rate X.15 0 . 0 0 18. 0 . 0 0
19. TAX DUE . .... . . ....... . .. . . ..... . . ............. . . .. . . .... . . . .. 19. 0 . 0 0
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ❑
Under penalties of perjury,I declare I have examined this return,including accompanying schedules and statements,and to the best of my knowledge and belief,
it is true,correct and complete.Declaration of preparer other than the person responsible for filing the return is based on all information of which preparer has
any knowledge. l u
SIGNAs TRSO ES' ��XING R / D =y Ir
ADDRES
7309 McClays Mill Road Newburg PA 17240
SIGN URE OF P E E �TANON RESPONSIBLE FOR FILING THE RETURN D _
ADD ESS
,L4North Main F reet, SA/e 200 Chambersburg PA 17201
111111111111111111111111 IN Side 2
L 1505614234 1505614234 J
REV-1500 EX (FI) Page 3 File Number
Decedent's Complete Address: 21 14 0299
DECEDENTS NAME
KERMIT M. LAIDIG
STREET ADDRESS
210 Big Spring Road
CITY STATE ZIP
Newville I PA 117241
Tax Payments and Credits:
1. Tax Due(Page 2,Line 19) (1) 0.00
2. Credits/Payments
A.Prior Payments
B.Discount
(See instructions.) Total Credits(A+B) (2) 0.00
3. Interest
(3)
4. If Line 2 is greater than Line 1 +Line 3,enter the difference.This is the OVERPAYMENT.
Fill in oval on Page 2,Line 20 to request a refund. (4) 0.00
5. If Line 1 +Line 3 is greater than Line 2,enter the difference,This is the TAX DUE. (5) 0.00
Make check payable to: REGISTER OF WILLS, AGENT.
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
a. retain the use or income of the property transferred ...................................................................... ❑ 0
b. retain the right to designate who shall use the property transferred or its income ............................... ❑ 0
c. retain a reversionary interest .................................................................................................... El 0
El 0
d. receive the promise for life of either payments,benefits or care? .......................................................
2. If death occurred after Dec.12,1982,did decedent transfer property within one year of death
without receiving adequate consideration? ....................................................................................... ❑ 0
3. Did decedent own an"in trust for"or payable-upon-death bank account or security at his or her death?. ......... ❑ .0 .
4. Did decedent own an individual retirement account,annuity or other non-probate property,which
containsa beneficiary designation?.................................................................................................. ❑
IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES,YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN.
For dates of death on or after July 1,1994,and before Jan. 1,1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse
is 3 percent 172 P.S.§9116(a)(1.1)(i)].
For dates of death on or after Jan. 1, 1995,the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0 percent
[72 P.S.§9116(a)(1.1)(ii)].The statute does not exempt a transfer to a surviving spouse from tax,and the statutory requirements for disclosure of assets and
filing a tax return are still applicable even if the surviving spouse is the only beneficiary.
For dates of death on or after July 1,2000:
• The tax rate imposed on the net value of transfers from a deceased child 21 years of age or younger at death to or for the use of a natural parent,an
adoptive parent or a step-parent of the child is 0 percent[72 P.S,§9116(a)(1.2)].
• The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5 percent,except as noted in[72 P.S.§9116(a)(1)].
• The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12 percent[72 P.S.§9116(a)(1.3)].A sibling is defined,
under Section 9102,as an individual who has at least one parent in common with the decedent,whether by blood or adoption.
REV-1508 EX+(08-12)
pennsylvania SCHEDULE E
DEPARTMENT OF REVENUE CASH, BANK DEPOSITS & MISC.
INHERITANCE TAX RETURN
RESIDENT DECEDENT PERSONAL PROPERTY
ESTATE OF: FILE NUMBER:
KERMIT M. LAIDIG 21 14 0299
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointly owned with right of survivorship must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. Account#7Y1-87Z39, held with Merrill Lynch, consisting of gold and silver 39,314.00
TOTAL(Also enter on Line 5,Recapitulation) $ 39 314.00
If more space is needed, use additional sheets of paper of the same size.
REV-1511 EX+(08-13)
pennsylvania SCHEDULE H
DEPARTMENT OF REVENUE FUNERAL EXPENSES AND
INHERITANCE TAX RETURN ADMINISTRATIVE COSTS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
KERMIT M. LAIDIG 21 14 0299
Decedents debts must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
1.
B. ADMINISTRATIVE COSTS:
1. Personal Representative Commissions:
Name(s)of Personal Representative(s)
Street Address
City State ZIP
Years)Commission Paid:
2. Attorney Fees: Joel R. Zullinger 850.00
3, Family Exemption:(If decedents address is not the same as claimants,attach explanation)
Claimant
Street Address
City State ZIP
Relationship of Claimant to Decedent
4. Probate Fees: JCS fee 23.50; automation 5.00; letters 90.00; will 15.00; short cetificates 178.50
10.00; renunciation 5.00; inventory 15.00; inheritance return 15.00
5 Accountant Fees:
6. Tax Return Preparer Fees:
7.
TOTAL(Also enter on Line 9,Recapitulation) $ 1,028.50
If more space is needed,use additional sheets of paper of the same size.
REV-1513 EX+(01-10)
pennsylvania SCHEDULE J
DEPARTMENT OF REVENUE BENEFICIARIES
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF: FILE NUMBER:
KERMIT M. LAIDIG 21 14 0299
RELATIONSHIP TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND ADDRESS OF PERSON(S)RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE
I TAXABLE DISTRIBUTIONS [Include outright spousal distributions and transfers under
Sec.9116(a)(1.2).]
1. A. Jean Laidig, Green Ridge Village, 210 Big Spring Road, Spousal
Newville, PA 17241 entire residue of estate
entire residue of estate
NOTE-The decedent made specific bequest of real estate
situate in Lurgan Township, Franklin County, PA,to his son
Reginald B. Laidig. Said real estate was conveyed by the
decedent to Reginald B. Laidig prior to his death by deed dated
12/3/2007, and recorded in Franklin County Deed Book
Volume 3654, Page 316.
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET,AS APPROPRIATE.
II. NON-TAXABLE DISTRIBUTIONS:
A.SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN:
1.
B.CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS:
1.
TOTAL OF PART II-ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $
If more space is needed,use additional sheets of paper of the same size.
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LAST WILL AND TESTAMENT C) =
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I, Kermit M. Laidig, of Hopewell Township, Cumberland County, Pennsylvania, being of
sound and disposing mind,memory and understanding, do hereby declare this to be my will,hereby
revoking any and all former wills and codicils thereto by me heretofore made.
I.
I direct that all my just debts and funeral expenses, including all expenses of my last illness,
shall be paid from my estate as soon as practicable after my decease as a part of the expense of the
administration of my estate.
H.
I devise my real estate situate in Lurgan Township, Franklin County, Pennsylvania,
consisting of 68 acres 85 perches as recorded in Franklin County Deed Book Volume 420, Page
224, and my real estate consisting of 30 acres 93 perches as recorded in Franklin County Deed Book
420, Page 227, to my son, Reginald B. Laidig. Should the said Reginald B. Laidig predecease me
or die on or before the thirtieth day following my death, this bequest shall be distributed to my son,
Bruce E. Laidig. Should the said Bruce E. Laidig predecease me or die on or before the thirtieth
day following my death,this bequest shall be distributed to the issue,per stirpes, of Bruce E. Laidig.
This.bequest is contingent on the beneficiary paying all Pennsylvania Inheritance Tax, Federal
! Estate Tax or any other tax levied on the property described herein:
11.1.
I give and devise the residue of my estate of every nature and wherever situate to my wife,
A. Jean Laidig, if she survives me by thirty(30)days.
IV.
In the event my wife, A. Jean Laidig predeceases me or dies on or before the thirtieth day
following my death, I give and devise the residue of my estate of every nature and wherever situate
to my children, Reginald B. Laidig and Bruce E. Laidig,in equal shares,provided,however, should
the said Reginald B. Laidig predecease me or die on or before the thirtieth day following my death,
his share shall go to Bruce E. Laidig, and should the said Bruce E. Laidig predecease me or die on
or before the thirtieth day following my death, his share shall go to his issue, per stirpes, living on
the thirty-first day following my death.
V.
In the event that anyone entitled to a share of my estate shall be under the age of twenty-
three years at the time for distribution to such beneficiary, I constitute and appoint ORRSTOWN
BANK as trustee of any property which passes either under this will or otherwise to said
beneficiary. Said trustee shall in the trustee's sole discretion and without order of court, use
principal as well as income from time to time as may appear to be necessary for the beneficiary's
welfare, comfort, medical care, recreation, support and education, without responsibility to the
beneficiary.or to any person taking care of the beneficiary; and the remaining balance in the hands
of said trustee shall be distributed to said beneficiary when the beneficiary attains the age of twenty-
Page 2
three years. If such beneficiary dies prior to attaining the age of twenty-three years, said trustee is
authorized in the trustee's discretion to pay part or all of the beneficiary's funeral expenses and the
remaining balance in the hands of said trustee shall be distributed to the beneficiary's personal
representative. In the event the funds held by the trustee for any beneficiary become in the opinion
of the trustee too small for proper and efficient administration, the trustee, in the trustee's sole
discretion,may deposit such funds in a savings account in the name of the beneficiary.
VI.
The interest of the beneficiaries hereunder shall not be subject to anticipation or to voluntary
or involuntary alienation; and the principal and income shall be paid by the trustee or guardian
direct to or for the use of the beneficiary entitled thereto, without regard to any assignment, order,
attachment or claim whatever.
VII.
With the exception of the assets listed in paragraph H herein, I direct that all taxes that may
be assessed in consequence of my death of whatever nature and by whatever jurisdiction imposed,
shall be paid from my residuary estate as a part of the expense of the administration of my estate.
VIII.
Any fiduciary under this will shall have the following powers in addition to those vested in
them by law and by other provisions of my will applicable to all property whether principal or
income, including property held for minors, exercisable without court approval, and effective until
actual distribution of all propetrty:
Page 3
A. To retain any and all of the assets of my estate, real or personal, without regard to
any principle of diversification or risk.
B. To invest in all forms of property including stock, common trust funds and mortgage
i investment funds without restriction to investments authorized for Pennsylvania
fiduciaries as they deem proper, without regard to any principle of diversification or
risk.
C. To sell at public or private sale, to exchange or to lease for any period of time any
real or personal property and to give options for sales, exchanges or leases, for such
prices and upon such terms or conditions as they deem proper.
D. To allocate receipts and expenses to principal or income or partly to each as they
from time to time think proper.
E. To compromise any claim or controversy.
F. To distribute in cash or in kind or partly in each.
G. To hold property in their names without designation of any fiduciary capacity or in
the name of a nominee or unregistered.
IX.
I appoint my wife,A. Jean Laidig, as executrix of this my will. Should my wife predecease
me, fail to qualify or cease to act,I appoint Reginald B. Laidig, as executor of this my will. Should
Reginald B. Laidig predecease me, fail to qualify or cease to act, I appoint Bruce E. Laidig as
executors of this my will.
Page 4
X.
No bond shall be required of any fiduciary hereunder in any jurisdiction.
IN WITNESS WHEREOF,J hereunto set my hand and seal to this my last will and
testament, consisting of six typewritten pages, the first five of which bear my signature in the
margin for the purpose of identification this .22 day of
2 �
o. (SEAL)
Signed, sealed, published and declared by the above-named testator as and for his last will
and testament in our presence, who in his presence, at his request and in the presence of each other
have hereunto set our hands/ams'attesting witnesses. �+
I
Page 5
i
� 4
Merrill Edge
MERRILL
17t-,-I=
Roadmall�
Bank of America Corporation
PortfolioReviewR ortPrepared exclusively for:
KERMIT M LAIDIG
Merrill Lynch
(888)ML-INVEST(654-6837)
www.merrilledge.com
A customized, semiannual brokerage report detailing
portfolio holdings and performance
MERRILL
Report ContentsE D("k E
Bank of America Corporation
TABLE OF CONTENTS
1 . Portfolio Overview
2 . Performance Analysis
3. Asset Class Analysis Detail
4. Size and Style Analysis Summary
5. Tax Summary Overview
6. Research Ratings(if applicable)
Account :Title,._;;, CredltType Account Registration- ' w;_:QVviershlp"
7Y1-87239 KERMIT M LAIDIG DCSD Cash IIA SINGLE
C/O REGINALD LAIDIG
7309 MCCLAYS MILL RD
NEWBURG PA 17240-9618
4R
Merrill Edge is the marketing name for two businesses:Merrill Edge Advisory Center,which offers team-based advice and guidance brokerage services;and a self-directed online investing platform. Both are made available through Merrill Lyn(
Pierce,Fenner&Smith incorporated(MLPF&S).
MLPF&S is a registered broker-dealer,Member SIPC and a wholly owned subsidiary of Bank of America Corporation.
Investment products:
Are Not FDIC Insured Are Not Dank Guaranteed May Lose Value
It is important for you to understand that this report provides a portfolio review and it is not a comprehensive financial plan, If you are Interested in a formal analysis of your entire financial situation,call a financial advisor at(888)ML-INVEST
(654-6837)and ask about Merrill Lynch's financial planning services,Including the fees that may be applicable. Financial planning services are not available through Merrill Edge Advisory Center,
01 2015 Bank of America Corporation. All rights reserved.
i
{
iportf'olio Overvie
perfor__ m�Per'iod available: 11/09/2007 to 04130/2p1
As SgCAllocafiion:-71 .;..., 5
As of Ctgse of a,-iness:0510812p15 MERRILL
Current Holdings741
o t
P
MarirNo Model Selected
1CeSnBank Of America Corporation
ora#ionpra�.
OpeningPrior 3 Months
Balance
$39,722 YTD Entire Pe
Net Contr/buttons/ $36,426
(Withdrawals)
Asset class Net Investment Ca $0
22 Equity
A
Cont Holdings PIta1 $0 $2•
12 Fixed Income mount($} portent(%)
interestJDlyidends $39,722
Cash . ...... -. � 0 0.00 $36,426 ..._ .....
8uh total 9 0.00 $2'
Hard Assets 0 O.OQ $0
Total 0 0.0o APPreciatlonl de $0
3.7,043 '. . . ( preclatlorf)
37,Od3 .. .. ... . . .
+ Closing Balance $(3,027) $269
$3G,695
Awi Ua j jZet Weighted Return $36,695
Return(oi) �effi0Manc'a Time $3,
(7.62)%
0,74%
3 4
° RefeeenCeandice`s
BOM
ML US Broad Market Bond.
Govt, This index tracks the
(3) Mortgage
Corp.public debt issued in the U Performance of US
g 9e Pass-Throw S Domestic bo •
(6) S&P 500 total gh and Asset Backed securities. nd market,in cludindollar-denominated Investment F
the 500 tar Return-This market-value-wet g cOJlateralized
gest common stocks -Weighted index Products such a:
(9) Performance of the tar (in terms of measures total return
BofAML large cap U:S.a of market cap)in the includin
3-Month US 9 tY market U.S.This Index is often used rice and
(12) income Treasu
based on short-term rr Bill•This index a reference far
government Treasury
total return On
Prior 3 Months rY Bilis of about gp. cash,including
(%) I Year day maturity. g Price and interest
ra7Total Portfolio 3 Years
BofAfyL US'13
Prior 3 5 Years
S&P 500 total i� tuMarhef Boriif Months 7 Year Entire period
BofAML 3 iVlo6tti ' (7'62). (1 Yea 3 Years 5Years Entire P
"fteta7rns!or" _' i US 7rasasury gilt (0.91) { 3.62) eribd
1 (1.06
peracds tbngar than one _ ..._ 5.07 4.70 2.70 ) 4.18
Year are annualized, 12.98 16.73 4.22
o.bo 0.02 4.88
14.38 -- ..
0.07' 0.09 7.02
Accounts included in this report:7Y1-87Z39(I1A)
For additional information on the Merrill L
ck
Page in the baof this report
yncfi Asset Allocation Models pteaSe See the tmpor#ant infor
Report createda
for KERMIT M L
MERRILL
Performance AnalysisEutjEOM
Performance period:11/09/2007 to 04/30/2015 Bank of America Corporation
Cumulative Performance I Quarterly Returns
--- Total Portfolio
®Total Portfolio
160.00% .. .... .__............................ - ....._.__...,........-----.. _ .._ _..... t 20,00% ............ -
140.00% ; �i ! 15,00%
i �
120.00% f \ 10.00%
100.00%
so.00°i° i
o , (5.00)% •'
60.00/o i / .. a
40.00% r , 4v�1 (10.00)/°
(15.00)%
20.00%
1
4 ,
/L L—--'—`— (25.00)%
2008 2009 2010 2011 2012 2013 2014 2008 2009 2010 2011 2012 2013 2014 2015'
i
2
Beginning or ending returns may reflect partial calendar quarters. Please see performance period available for account(s).
Time Weighted Rate of Return by Period:Yearly
Opening - -Co ntr_IS-Utioris/...; Interest) Appreciatidn/ Closing Total:Portfolio(%) j
Period' Balance(s) -(Wiflldrawais)($) `? ' Dividends($). . (De'preciatibn)($) Balance($)":` '- Year Cum'
2015 36,426 0 0 269 36,695 0.7.4 35.93
2014 .... .._..... 39,314. 0 .. . 0..
(2,889) --36,426 -
.....- . . _. . __. .._ _.. ....... . (7.35).. 34.93 : .. . _
2013 56,588 65 0 _...-.__..... ... .........__.-. _.
(17,339) 39,314 (30.60) 45.63
2012 52,482 . -0 0 4,106 56,588 7.82 109.86
2011 51,637 35 0 810 52,482 1.57 94.63 .
2010 35,584 0 0 16,053 51,637 45. 11 91.62 ;
2009 27,078 0 0 8,506 35,584 - 31.41 32.05
2008 28,342 ..d. 0 (1,264) 27,078 (4.47) 0.48
2007 0 26,946 0 1,396 28,342 5.18 5.18
Total 0 27,046 0 9,649 36,695 35.93
Information regarding the returns of the Merrill Lynch Asset Allocation Models can be found on the Important Information page In the back of this report.
Account returns presented"Net of Fees"reflect the deduction of account fees,Including advisory fees and transaction costs.Account returns presented"Gross of Fees"are shown before the deduction of advisory fees where applicable in ordei
to make them comparable to the returns of the market indices.
Note that various factors,Including unpriced securities,and certain adjustments,holdings or activity may cause report results to differ from actual performance. Report results may also differ from results reported by other Merrill Lynch
services. Past performance does not guarantee future results.
Accounts included In this report:7Y1-87Z39(IIA) Report created May 9,2(
.-__,..<_.... •, . .,.. .. _. _ =� for KERMIT M LAIC
Asset Class Analysis .-- Detail MERRILL
EDGE R
As of Close of Business:05/08/2015 Bank of America Corporation
Holdings in t o St e 4 electe;TAccount s) W M
Analyzed Assets
Security Description Security Rafing Sector Size and style Quantity Price($) ,.Market Value
Hard Assets
GOLD 1/1000 OF AN OZ% SGPFL/433999943 983 1.18 1,1
SILVER 1!1000 OF AN OZ% SSPFL/433999950 286 0.02
UNALLOCATD SILVER OUNCES SSPOL/90499B914 617 16.25 10,(
UNALLOCATED GOLD OUNCES SGPOL/433999919 22 1,175.03 25,E
Total Hard Assets 37,(
Total Assets 37,(
Accounts included in this report:7Y1-87Z39(IIA) _ Report created May c
for KERMIT M L
n. ., A-- _____ nn9n_n1_nn_nnnARin_nnnd_nnA'A1On Paas
MERRILL
Size and. Style Analysis - Summary ® M,
As of Close of Business:05/08/2015 Bank of America Corporation
®Current Holdings
Total Holdings(%)
Size And:Style 0%'. 25% :.Current(7o). ML hloldings($)
a Equity
Large Cap Growth 0.00 0
Large Cap Value 0.00 0
Small/Mid Cap Growth 0.00 0
Small/Mid Cap Value 0.00 0
International Equity 0.00 0
Equities Blend i 0,00 0
is Fixed Income
Long Term Bond 0.00 0
Intermediate Term Bond 0.00 0
Short Term Bond 0.00 0
Fixed Income Blend 0.00 0
„"Cash
Cash 0.00 0
Total of Analyzed Assets 0
I-lard Assets 37,043
Total Assets 37,043
*Total represents the sum of all cash and cash equivalents Including short positions with associated credit balances.
La
Acdouhts Included in this report:7Y1-87Z39(IIA) Report created May 9,2
for KERMIT M LAI
�
Tax -Summary Overview MERRII.L
EDGE*
As of Close of Business:05/08/2015 Bank of America Corporation
Interest and Dividends.($)°thru;Apr'2015., YTD Realized Gain/(loss)($) Unrealized Gait l(Loss){$)_
Tax-Exempt Taxable. Tax-Exempt Taxable Short Long Short`Term :. 'Short:Term Long Cerm long Te m
Account Interest Interest" Dividends, Dividends Term Term Total';. Gain :(1264s').,'; :Gann {loss}
Taxable
7Y1-87Z39* 0 0 0 0 0 0 0 0 0 0 0
Subtotal 0 0 0 0 0 0 0 0 0 0 0
Total 0 0 0 0 0 0 d , 0 0 0 0
*The Unrealized Gain/(Loss)totals for this account may not include certain securities held in the account,such as corporate action items or other securities that have insufficient cost data available to accurately calculate the unrealiz
gain/loss figures on the transactions.
The'Interest and Dividend"values reflect the previous month-end statement totals of interest and dividend income. The interest total may include reportable interest,tax-exempt interest,and bank deposit interest. The dividend total
include reportable dividends,money fund dividends,tax-exempt fund dividends and non reportable dividend income.
The report is for informational purposes only and we suggest that you review this information with your tax advisor. Please refer to your account statement for the official record of income payments credited to your account.
The Realized Gain/(Loss)totals for this account do not include sales transactions where cost information is unavailable or data is insufficient to accurately calculate the realized gain/loss figures.
The Realized and Unrealized Gain/(Loss)totals reflected in the Tax Overview are for informational purposes only,and we suggest that you review this information with your tax advisor. Please note that pending sale transactions{tra(
that have not settled)are not reflected in the Realized or Unrealized Gain/(Loss)sections of the Tax Summary Overview.
Any information presented about tax considerations affecting your financial transactions or arrangements is not intended as tax advice and cannot be relied upon far the purpose of avoiding any tax penalties. Neither Merrill Lynch no
Financial Advisors provide tax,accounting or legal advice. You should review any planned financial transactions or arrangement that may have tax,accounting or legal implications with your personal professional advisors.
Accounts included in this report:7Y1-87Z39(IIA) Report created May 9,
for KERMIT M LA
MERRILL
Important Information About This EDGE'iz
Bank of America Corporation
Classification of Securities risk of principal loss. A typical portfolio will have exposure to various asset classes but will be primarily weighted to
For Asset Class,Sector or Size and Style Analysis reports,securities are generally classified by asset class,sector, equities.
size and style and,for Fixed Income,sector and maturity. Aggressive Model-For long-term investors who are willing to take substantial portfolio risk in seeking to achieve
-For Size and Style,security classification is as follows:a capitalization breakpoint of$16.25 billion defines the size above average returns, An investor using this model should be willing to assume a high level of portfolio volatility and
Large Cap,$16.25 billion to$5.34 billion for Mid Cap,and less than$5.34 billion for Small Cap for domestic equity risk of principal loss. A typical portfolio will be heavily weighted to equities.
securities. Small/Mid Cap(SMID)Is defined as less than$16.25 billion. The style(Growth,Core or Value)for these Where a Merrill Lynch p g
securities is defined by a proprietary procedure which utilizes a series of quantitative and qualitative metrics(e.g., y ch asset allocation model is resented,it based on GWM Investment Management&Guldence
expected earnings growth,analyst coverage,etc.). and is subject to change as market conditions change in the future. Regularly review your asset allocation with a
-For Equity Sector,security classifications are based on Global Industry Classification Standard("GICS"). Source: financial advisor at(888)ML-INVEST(654-6837).
Morgan Stanley Capital International("MSCI")and Standard&Poor's("S&P"),a division of the McGraw Hill Pricing of Securities
Companies,Inc. Pricing of securities is provided for your Information.Your Account Statement is your official record of holdings,
-For Fixed Income,maturity breakpoints are as follows:Short-Term:0-5 years,Intermediate-Term:5-15 years,Long- balances and security values. Unless otherwise indicated,values reflect current information as of the"Close of
Term greater than 15 years. Business"date shown at the top of each report. Annuities and life Insurance products are not held In your
Convertible securities and options are classified as Equities. account. Their values are listed In the reports for your convenience.
Preferred stock is classified as Fixed Income. Life Insurance Cash Values and Annuity Contract values are used to calculate Total Portfolio Value. These values are
Life insurance products are classified as Other. as of"Close of One Business"day prior to the"as of date shown. Cash Values may not reflect immediately available
Classification details for mutual funds,closed end funds,certain managed accounts,annuities and External Account funds due to loan balances and/or policy changes. Annuity Contract Values may not reflect immediately available fund
Proxies are identified in"Details for Managed Assets and Pooled Investments"("Details Section"). due to contract changes. All market values Include accrued interest,unless otherwise indicated.
-When available,Market-Linked Investments are classified by the reference security associated with that market-linked Performance
investment for asset class,sector,size and style or maturity. The reference security may be an Individual security,index Where performance on the Merrill Lynch Asset Allocation Model is shown lease be advised that these numbers are
or other Investment such as a mutual fund or exchange traded fund. P y P
For mutual funds,exchange traded funds,closed end funds and the investment options of underlying annuities,the hypothetically derived and should not be used as a benchmark,
fund may be shown by holdings or,optionally,by profile(fund objective). When shown by holdings,the fund Is classified Where performance Is shown,note that various factors,including performance.
ce. Rep securities and certain adjustments,holding
by the asset class,sector,size and style or maturity breakdown(excluding Fixed Income Sectors where applicable)of or activity may cause report results to differ from actual performance. Report results may also differ from results show
those holdings. When shown by profile,the fund Is classified by the asset class,sector(excluding Fixed Income in other Merrill Lynch services due to differing methods of pricing,accounting f r calculation(Including whether trade
Sectors where applicable),size and style or maturity provided by vendors and mapped to Merrill Lynch's Research date or settlement date is used and how accrued Income is treated). Past pertormance does not guarantee future
Investment Committee allocation schema in order to report the Industry's or Merrill Lynch's interpretation of the results. Reference indices may also be included er a general source a information regarding the performance of
objective of the fund/pooled investment vehicle. Note that the data used for this classification is obtained from a variety various types of Investments Indices
U.S.stocks,International stocks,fixed income,cash and alternative
of sources and may not be current(see"Data As Of'date shown In the Details Section for the date the portfolio Investments). Reference indices should not be used N benchmark 8 evaluate the relative performance re a specific
holdings were reported by the fund). Mutual funds,exchange traded funds,closed end funds and the investment account or portfolio. A financial advisor h(888) osi INVEST(654-6837)can provide further information regarding the
options of underlying annuities may change their portfolio holdings on a regular(often daily)basis. Accordingly,any Particular indices shown,Including how the composition of an index compares to composition of your account or
Portfolio.
analysis that includes mutual funds,exchange traded funds,closed end funds,and the investment options of underlying
annuities may not accurately reflect the current composition of these funds. The classification of these securities may Galn/Loss
differ from other sources due to differing methods of classification(e•g•shown and classified by holdings versus by The cost basis for municipal bonds that are pending settlement Includes accrued interest.
profile). As such,this Report may differ from other reports(e.g.,your Merrill Lynch account statement,In which these Research Ratings
funds are always shown by profile)depending on whether the funds are shown by holdings or by profile in this Where BofA Merrill Lynch(BofAML)research is available on a company,the BofAML rating on such company is
Report, In particular,Non-Traditional Funds(NTFs),mutual funds and exchange traded funds that pursue alternative provided.
strategies or provide alternative asset exposure,may be classified as alternative Investments when shown by profile,
but when shown by holdings,the NTF will be classified by the asset class,sector,size and style or maturity breakdown Glossary of Selected Terns
of Its holdings,which may reflect no allocation to alternative investments. Alternative Investments:Investments whose risks and returns are generally not correlated with more traditional
-If the holdings or profile data for mutual funds,exchange traded funds,or closed end funds is not available,the fund is Investments(i.e.,equities,fixed Income and cash)which can include Managed Futures,Hedge Funds,Private Equitiee
classified by its predominant asset class("Data As Of'date shown as"N/A"in the Details Section). If the holdings or Income producing Real Estate,Precious Metals,and Market-Linked Investments. Alternative Investments should be
profile data for the Investment options of underlying annuities Is not available,fixed annuities and market value adjusted carefully considered based on an investor's Investment objectives,risk tolerance and net worth(for some alternative
annuities are classified as Fixed Income and variable annuities are classified as Equities. Note that annuities and life Investments,net worth of$5 million or more Is required). Alternative Investments are often long-term,Illiquid,
insurance products are not held in your account but are Included here for your information. Investments that are not easily valued.
-The Details Section may also provide summary information regarding accounts enrolled in managed account Cash:Refers to the positive number resulting from the aggregation of each account's Cash,short positions and margh
programs such as Consults,BlackRock Private Investors and MFA(i.e.,classification detail for the managed account is balance. Where multiple accounts are Included in the analysis,both Cash and Net Debit Balance may be reflected.
not based on your actual holdings but on the investment style that has been Identified for the specific investment Managed Asset Short Allocations:When a managed asset has a negative allocation In one or more of Its asset
manager/style. Your+Wancial Advisor can also provide a report based upon the account's actual holdings, categories.
About Merrill Lynch Asset Allocation Models Margin Balance:A balance represents either a debit balance(the amount owed to Merrill Lynch as a result of such
Conservative Model-For investors who are very risk averse. Primary emphasis Is on portfolio stability and transactions as trade commitments or Visa charges)or a credit balance(the amount held in your account after all trade
maintaining Investment capital. Adjusted for inflation,investment returns may be very low or,In some years,negative,in commitments or Visa charges have been paid in full).
exchange for high liquidity and reduced risk of principal loss. A typical portfolio will be heavily weighted to Cash and Net Debit Balance:Refers e,the negative number resulting from the aggregation of each account's Cash,short
Fixed Income Investments. positions and margin balance, Where multiple accounts are Included in the analysis,both Cash and Net Debit Balance
Moderately Conservative Model-For Investors who are somewhat risk averse,however,also want to achieve a may reflected.
modest level of portfolio appreciation. An investor using this model should be willing to absorb some level of volatility Shortt Position:When an Investor sells a borrowed security In anticipation of c price decline or to protect profit in a Ion
and principal loss. A typical portfolio will Include primarily cash and fixed Income investments with some allocation to Position. This activity Involves risk because an Increase In the price of the stock will result In the Investor having to cove
equities.
the position by,among other things,selling securities or depositing additional funds. Investors should fully understand
these risks. Note that short positions are Included as part of the Cash calculation. Where a Net Debit Balance exists,
Moderate Model-For investors who want to strike a balance between portfolio stability and portfolio appreciation. An the Short Position value Is shown. A financial advisor at(888)ML-INVEST(654-6837)can provide additional detail
investor using this model should be willing to assume a moderate level of volatility and risk of principal loss. A typical regarding short positions in your account,
portfolio will include a balance of Fixed Income and Equity exposure,
Moderately Aggressive Model-For long-term Investors who are willing to take a fair amount of portfolio risk to ®2015 Merrill Lynch,Pierce,Fenner&Smith Incorporated. Member Securities Investor Protection Corporation
a-chipve portfolio growth. An investor using this model should be willing to assume a high level of portfolio volatility and (SIPC). Printed in the U.S.A.
Accbullts incitrded In this report:7Y1-87Z39(IIA) Report created May 9,201
r _,_. __ .: _ •.__ for KERMIT M LAIDI
LAW OFFICES OF
ZULLINGER-DAVIS
PROFESSIONUCOMUMON
SUZANNE M.TRINH JOEL R.ZULLINGER IIAMILTON C.DAVIS
strinh@zullin.p,er-davis.com izullinger&ullinger-davis.corn hdavis@zullingr-davis.com
Managing Shareholder Of Counsel Of Counsel
14 North Main Street,Suite 200 20 East Burd Street,P.O.Box 40
Chambersburg,PA 17201 Shippensburg,PA 17257
717-264-6029 717-532-5713
717-264-1884(FAX) 717-530-5222(FAX)
June 24, 2015
Register of Wills
Cumberland County Courthouse
1 Courthouse Square
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Carlisle,PA 17013 C-3 G'-1) CY
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Dear Register: ;Z3 Z)
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RE: Estate of Kermit M. Laidig
File No. 21-14-0299
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co
Enclosed for filing in your office are an original and one copy of the PA Inheritance
Tax Return for the above estate. There is no tax due with the return. Please address any
questions to my Chambersburg office. Thank you.
Very truly yours,
(
Jo R. Zullin fte
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Encls.
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R CEG I c E R ` MAILED FROM ZIP CODE 1720'
?,P15 AN 26 Pit 1 39
ORPHAN' COURT
CUt�6EP,l_,,,"p CO., PA
ZullingeC-Davis, PC
14 North Main Street
Suite 200
Chambersburg, PA • 17201.
Register,of '.Wil'ls
?� 4 Cumberland County Courthouse
Courthouse Square. `
Carlisle; PA 17013