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Home My WebLink About01-0710 PETITION FOR PROBATE and GRANT OF LETTERS Estate of Li la o. Phipps also known as No. To: 21-01-710" Register of Wills for the . Deceased. County of Cumber land in the Social Security No. 1 46 - 2 2 -1 653 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 or in the last will of the above decedent, dated June 4, 2001 and codicil(s) dated named ,19_ (state relevant circumstances, e.g. renunciation, death of executor, etc.) Decendent was domiciled at death in Cumber land County, Pennsylvania, with h P-T last family or principal residence at 41 H(:\m 10('1< ('j r(' 1 ~ I f\J~wui J Ie, PA W6~-'r /;~JV'; 4!a~(l "iiv~ (list street, number and muncipality) Decendent,thcn 92 years of age, died July 19 ,~~ 2001, at __ Newville, PA Except as follows, decedent did not marry, was not <;livorced and did not have a child born or adopted after execution of the will offered for probate; was not the victim of a killing and was never adjudicated incompetent: Decendent at death owned property with estimated values as follows: (If domiciled in Pa.) All personal property (I f not domiciled In Pa.) Personal property in Pennsylvania (If not domiciled in Pa.) Personal property in County Value of real ~state in Pennsylvania situated as follows: II.) OrJ t- $ fMJ, ~1 $ $ $ WHEREFORE, petitioner(s) respectfully If~Wtt~~J7ftRi9ybate of the last will and codicil(s) presented herewith and the grant of letters theron. (testamentary; administration c.I.a.; administration d.b.n.c.t.a.) i{ Cf~gt: ~~ c:::: ~ r.~X ~ ~ ~~ b e ~~ New ury, VT SOS1 Zc: ~.~ "" 7: OATH OF PERSONAL REPRESENTATIVE COMMONWEALTH OF PENNSYLVANIA ") -':-' r IS:S COU NTY OF Cumber land 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- ~:::~S) ~: t:: a::;i:~::ed::~pe::~:::i:~d will we~ ~~~er !fi: according t: law. before me thIS 2nd dqyO~f ;, ~ AUGUS :2ul ( I ~ ~ ;:: ~ ~ ~o. 21-01-710 Estate of LILA O. PHIPPS , Deceased DECREE OF PROBATE A~D GRANT OF LETTERS AND NOW AUGUST 2 }9(? 0 (;) 1, ,in consideration of the petition on the reverse side hereof, satisfactory proof having been presented before me, IT IS DECREED that the instrument(s) dated June 4, 2001 described therein be admitted to probate and filed of record as the last will of T. j 1 cO. ph ; pp~ and Letters T4?9tam~ntflry are hereby granted to Claude o. Phipps . /r/rt!jJ!:~"!tea)/kJ4ay RIster of WI Is FEES Frances H. Del Duca #06269 Probate, Letters, Etc. ......... x-pages Short Certificates( ).......... Renunciation ................ JCP $ 305.00 18.00 $ 18.00 $ $ 5.00 TOTAL _ $ 346.00 . . . . . ~P'<~l!$1'. .4l . 20.Q! . . . . . . . . . . . . . ATTORNEY (Sup. Ct. 1.0. No.) 10 W. High st., Carlisle, PA ADDRESS 717-249-1323 Filed PHONE ~C2J~ This is to. certifY that the information here given is correcrl co . .' . . Local RegIstrar. The original certificate will be forwarded Y pled from an ongmal certIficate of death duly filed with me as to the State Vital Records Office for permanent filing. WARNING: It is illegal to duplicate this copy by photostat or photograph. Fee for this certificate, $2.00 C p 7732387 No. 21-01-710 X ~2- (/'J Date H' 05 :4J R... 2117 COMMONWEALTH Of PENNSYLVANIA. DEPARTMENT OF HEALTH. VITAL RECORDS CERTIFICATE OF DEATH PAINT ~ 'HEN T It !Hit NAME Of DECEDENT ,I.,,, M><l<lIe ,"SlI 1. LiLli o. PHIPPS AGE ll~" e.m-vl uHOER 1 YEAA UNDER I olli __ a_v- _ _.. SE' 5'''''E ....e '<V_A SOCIAL SECURlTV "U!.18ER q], I. Yra a. f;t>1AL,( 1. i - 1). 81RTWP\ACE Ie.., ....... PUC€ Of DEATH .C_. """,.,.,., . . __ 1''''''''''''''' on _ _I ;&'1. .. '01"'9" Counu", HOSPllAl - wi)r ;>,1;.... pel.(>,,,-" 0 ,--. 7. PA-. ~"- ERIOuIl>I".... u "ACR."" NAME I" "'" ~. Q'.e "'N!.no """""" ="",0 COUNTY OF OEAJH MAI\1lAl STATuS."""'" __.....w_. o.-c.ct~ Wi.l)o.....,!) RACE. -'-'<MI_ _. WIwl. tIC I~' ~,~ j-r" SUII\/MNG SPOuSE "_~__ ...... tv c w.i, ~LJ.. ....0 a. , Awoa...... '-- :--..... l I'ART ", 0lIIer..........._---.g1O...... W 1ICll-.nv..... ~_.,...... ""'" I I : DUE 10 lOR AS A CONSEOUENCE Of): DUE 10 (OR AS A CONSEOUENCE Of): WERE AUlOI'SY FlNOlt<<lS ~E PRIOfllO Co.II'I.EnOHOF CAU$E OF OERH? _ROfllEATH ......... - er- a a OAI'E OF INJURY ,....",...Oay.-, TIME Of INJURY INJURY liS WORK? DESCRlSE tfC1W INJURY OCCURflEO. .......... ......... -- ... 0 NoD Y.. 0 No SuIC1da ~_Ila""_ Be. 2.... a. CIIlTIflER ,C/'ack 0tWy onel -CIIITIFYIttG PHYSICIAN 'PP\y~ c~ caused oe.-, *"",",.,..Od"ef gn.~..an ha QlOt'OI.tnCecJ deN'" M'ttQ c~ JI.,n .13) Te'" _ of "" __....... de.1ll __ _lD.... ........,.noa _r .. ...,.... . . . . -PIIIONOUNC;IHG ANO CERTIf'VIMG PHYSICIAN (~~ ;Jf:)t.t"NictOQ \JHth 'II6t'd <:-"'ytnq 10 cause of oe.ttI\ To the beet 01 lIlY knowleoge, aa'" ___CUfI'M at the ...... dele. And pfHe, and II.... to tfM c...,..(e. and "'.~.. ".'N. "UDlCAL EXAMINERiCOROHER On IIle bati8 o,..........1Ion .nd/or in"..I._I_. '" Pl, .....ntOn. ..'h occ..rre" ., lhe 11m.. ".I...nd pl.c., _ d...lo Ih. c.....t.l.nd ......n.. .. .,.,.... . .......... ......................................... '" ......................... '" 3t8. RECISTRAR S SIGNATURE AND NUMSEA o 1.1111 ~I~I 12. IM1EFtt.EO,,,,,,,,,, ~y ) 1.. -(I 14 1- ;/-/P/ LAST WILL 21-01-710 I, LILA O. PHIPPS, of 41 Hemlock Circle, Green Ridge Village, Newville, Cumberland County, Pennsylvania, declare this to be my Last Will and revoke any wills previously made by me. 1. I direct that any and all inheritance, estate and transfer taxes imposed upon my estate passing under my will or otherwise, shall be paid out of the principal of my residuary estate. II. If the time comes when I can no longer take part in decisions for my own future, let this statement stand as the testament of my wishes: If there is no reasonable expectation of my recovery from physical or mental disability, I request that I be allowed to die and not be kept alive by artificial means or heroic measures. Death is as much a reality as birth, growth, maturity and old age - it is the one certainty. I do not fear death as much as I fear the indignity of deterioration, dependence and hopeless pain. I ask that medication be mercifully administered to me for terminal suffering even if it hastens the moment of death. This request is made after careful consideration. I direct that my body shall be turned over to the Humanity Gifts Center of the Pennsylvania Medical Society, in accordance with instructions I have previously LLv ~ ~ made with said Center as a donor under the Pennsylvania Uniform Anatomical Gift Act, for the purpose of medical and anatomical research. III. I give and bequeath the sum of One Thousand and nolI 00 ($1,000) Dollars to the Harrisburg Unitarian Church. IV. I bequeath $10,000 to the Unitarian Universalists (Church) of Cumberland Valley, P.o. Box 207, Boiling Springs, PA, 17007. V. I bequeath $100 to each of the following: Carlisle Area League of Women Voters AAUW Carlisle Chapter Carlisle Civic Club Carlisle Garden Club Friends of Legal Services of Carlisle Nature Conservancy of Pennsylvania United Way of Greater Carlisle Area Planned Parenthood of Pennsylvania VI. I bequeath $200 to each of the following: YWCA of Carlisle Friends of Bosler Free Library S.H.A.R.E. Food Bank Domestic Violence Services VII. I bequeath my household goods, wearing apparel, jewelry, and similar tangible personal property and effects (excluding cash, stocks, bonds and automobile) in equal shares to my children, Louise Phipps Clark, Claude Olton Phipps and Peter Alan Phipps, or to such of them as shall survive me with distribution to be made by my personal representative in accordance with the following instructions: ~ ~ 1) My personal representative shall inventory my personalty not otherwise donated and divide my personalty into four categories being jewelry, silver (including flatware and service), china and glassware, and household effects. My children shall then take turns selecting items from each category with the oldest to have the first selection of category, and the selection of the first item within that category. On each successive round of selections within a category, the next oldest will be the first selector and the next older shall also be the selector of the next category after each ~ r; category is exhausted. (Order of selection: 1 2 3, 2 3 1, 3 1 2, 1 2 3). My personal representative shall resolve all conflicts and disputes which may rise in regard to the selection of personalty in his or her absolute discretion. 2) Those items of personalty which are not distributed pursuant to the provisions hereinabove shall be either distributed to the thrift shop or gift shop at Green Ridge by my personal representative or sold with the proceeds added to the residue of my estate. VIII. I give and bequeath one-half (1/2%) of one percent of the gross estate to each of my grandchildren as follows: Malcolm Douglas Alexander Paul DuBois Alexander Emily Michelle Alexander Hughes Emma Nicole Hughes Austin Ryan Philleo Katelyn Mari Philleo Victor A. Philleo Benjamin George Phipps Claire Sherman Phipps Molly Elizabeth Phipps Rose Julia Phipps Kimberly Philleo Rissone Samantha Lynn Alexander in addition to grandchildren and/or step grandchildren conceived and surviving at the time of my death. IX. The balance of the residue, I give and bequeath to my three children in equal shares. It is my intent to treat my children equally. In the event any of my children do not survive me, that share I give and bequeath to the children of that child which includes stepchildren. X. I hereby direct my executor to establish a trust in the amount of $10,000 to provide care for my pet dog, Gus. On the death of Gus, the balance in the trust goes to the caretaker. I appoint Claude Olton Phipps as trustee and I appoint Peter Alan Phipps as a contingent trustee. XI. In the event that any of my property shall pass to a minor, I appoint the parents of the minor to be guardian of any such property with respect to which I am authorized to appoint a guardian. XII. My personal representative, and guardian, 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, and effective until actual distribution of all property A. To retain any or all of the assets of my estate, real or personal, including any shares of stock or other securities I may own of the corporate fiduciary or its successor, or the holding company controlling the corporate fiduciary or its successor, ~ ~ J r D without regard to any principal of diversification or risk. To invest in all forms of property (including stock or other securities of the corporate fiduciary or its successor, or of a holding company controlling the corporate fiduciary or its successor, and common trust and mortgage investment funds whether maintained by my corporate fiduciary or its successor or other), without restriction to investments authorized for Pennsylvania fiduciaries, as they deem proper, without regard to any principal of diversification or risk. B. 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. C. To allocate receipts and expenses to principal or income partly to each as they from time to time think proper. XIII. I appoint Claude Olton Phipps executor of this my Last Will. In the event he fails to qualify or ceases to act, then I appoint Peter Alan Phipps. XIV. I direct that my personal representative shall not be required to give bond for the faithful performance of his duties in any jurisdiction. IN WITNESS WHEREOF, I have hereunto set my hand and seal to this my Last Will this 4th day of June, 2001. SEAL) The preceding instrument consisting of five (5) page(s) was on the date thereof signed, published and declared by LILA O. PHIPPS, the testator herein, as and for her Last Will, in the presence of us, who at her request, in her presence, and in the presence of each other, have subscribed our names as witn~~.s..es hereto. _.~ ~ ......-.. .....~ / I Dt~/ '..--- " . ~ '--'~~. \Ilo.MaJ STATE OF PENNSYL VANIA SS COUNTY OF CUMBERLAND .. We, LILA O. PHIPPS, Frances H. Del Duca and Carol A. Morrow, the testator and witnesses, respectively, whose names are signed to the attached or foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the testator signed and executed the instrument as her Last Will and that she had signed willingly, and that she executed it as her free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the testator, signed the will as witness and that to the best of her knowledge the testator was at that time eighteen years of age or older, of sound mind and under no constraint or undue r influence. ~4/~ 1 ess ~u A. rYtM1LotJ Witness - ;(~P Testator SUBSCRIBED, sworn to and acknowledged before me by LILA O. PHIPPS, the testator, and subscribed and sworn to before me by Carol A. Morrow and Frances H. Del Duca this 4th day of June 2001. ,uA~fI ;;(}J~ Notary Pub!" IIO'IMIAL 8IAL. __Po ~1I01MYPI&.IC .............. ^ T .... ea.Ir "'ftl - " ___-.e.1IDJ E:. --- ESTATE OF LILA O. PIDPPS : IN THE COURT OF COMMON PLEAS OF : CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS COURT DIVISION NO. 21-01-0710 PRAECIPE FOR ENTRY OF APPEARANCE To Mary C. Lewis, Register of Wills: Please enter my appearance on behalf of the Estate of Lila o. Phipps, date of death July 19, 2001. Respectfully submitted, IRWIN, McKNIGHT & HUGHES /0. af~,- Roger ~. I #06282 \. 60 West Pomfret Street Carlisle, Pennsylvania 17013 (717) 249-2353 Date: April 17, 2002 Lf'l ~-:l r- i""'" ,....,- < 'J": N P ~~,-~ ,'-~ ~ \J :---.: " - ~JG ~ # ~ CERTIFICATION OF NOTICE UNDER RULE 5.6Ia) Name of Decedent: Date of Death: Estate No. Lila O. Phipps July 19, 2001 21-01-0710 To the Register: I certify that notice of the beneficial interest required by Rule 5.6(a) of the Orphan's Court Rules was served on or mailed to the following beneficiaries of the above-captioned estate on September 14, 2001. Harrisburg Unitarian Church Unitarian Universalists of Cumberland Valley Carlisle Area League of Women Voters AAUW Carlisle Chapter Carlisle Civic Club Carlisle Garden Club Friends of Legal Services of Carlisle Nature Conservancy of Pennsylvania United Way of the Greater Carlisle Area Planned Parenthood of Pennsylvania YWCA of Carlisle Friends of Bosler Free Library Project S.H.A.R.E. (Food Bank) Domestic Violence Services Louise Phipps Clark Claude Olton Phipps Peter Alan Phipps Green Ridge Village Gift Shop Green Ridge Village Thrift Shop Malcolm Douglas Alexander Paul DuBois Alexander Emily Michelle Alexander Hughes Emma Nicole Hughes Austin Ryan Philleo Katelyn Marl Philleo Victor A Philleo Benjamin George Phipps Claire Sherman Phipps Molly Elizabeth Phipps Rose Julia Phipps Kimberly Philleo Rissone Samantha Renae Alexander (corrected name) Claude Olton Phipps, Trustee 1280 Clover Lane, Harrisburg PA 17113 PO Box 207, Boiling Springs P A 17007 PO Box 333, Carlisle PA 17013 PO Box 815, Carlisle PA 17013 264 West Pomfret Street, Carlisle PA 17013 c/o Ethel Meads, 151 West High Street, Carlisle PA 17013 8 Irvine Row, Carlisle PA 17013 1100 East Hector Street - Suite 470, Conshohocken PA 19428 810 West High Street, Carlisle PA 17013-2706 1514 North Second Street, HarrisburgPA 17102-2505 301 G Street, Carlisle P A 17013 PO Box 730, Carlisle PA 17013 201 West Louther Street, Carlisle PA 17013 PO Box 1039, Carlisle PA 17013 14221 Black Ankle Road, Mount Airy MD 21771-9125 PO Box 412, Newbury VT 124 Alfred Drowne Road, Barrington RI 02806 210 Big Spring Road, Newville PA 17241-9482 210 Big Spring Road, Newville P A 17241-9482 1206 Ingraham Street NW, Washington DC 20011 10144 Shelldrnke Circle, Damascus MD 20872-2616 6603 Senecca Lane, SykesvilIe MD 21784 6603 Senecca Lane, Sykesville MD 21784 877 Los Colonis Drive, Virginia Beach VA 23456-6419 877 Los Colonis Drive, Virginia Beach VA 23456-6419 877 Los Colonis Drive, Virginia Beach VA 23456-6419 124 Alfred Drowne Road, Barrington RI 02806 124 Alfred Drowne Road, Barrington RI 02806 42-B Carrington Avenue, Providence RI 02906 124 Alfred Drowne Road, Barrington RI 02806 13 3 31 88th Place NE, Kirkland W A 98034 10144 Shelldrake Circle, Damascus MD 20872-2616 Trust for Care of Dog/Gus, PO Box 412, Newbury VT 05051 ~ . Notice has now been given to all persons entitled thereto under Rule 5.6(a). Date: September 14,2001 Signature: IRWIN, McKNIGHT & HUGHES Roger B. Irwin, Esquire Counsel for the Personal Representative 60 West Pomfret Street Carlisle, P A 17013 (717) 249-2353 ~ COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND l j 55: CLAUDE O. PHIPPS being duly Executor sworn according to law, deposes and says that he of the Estate of Lila O. Phipps is the late of __ ______ -- __R~ .J>J~!Hl$boro ~':LOJffi1?JJiP , Cumberland County, Pa., deceased and that the within is an inventory made by mp _, the said executor 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. Sworn and subscribed before me, Cl~~~dm~ April ~~~ ~2002 ~~Qf< ~ ~ P.O. Box 412 t Newbury, VT 05051 , Address Date of Death _ May 2 2001 Day Month Y.ar 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. ..-...- S~;:... d N I :> -0 ;::~} l'j \0 --c , . ,.,.,..~ ......-., .;::;:. Q) CJ) $-l ~ 'r-! ::c >- " ;j 0 CD 0' ::;l 0 I- W 1ft CJ) ::c 0::: l- 'D ...... >- W -< ell ~ r--- ~ 0.. l- v <.c?j 0 0 ~ ell CD .. I 0 V) ~ C 0\ r:: >-E-t w w ...... :r: 0::: ~ IV 'r-! CD::C 0 t- o.. 1-1 0.. ) c0 I Z I- ....J LL g:! 'D $-l "'H ...... LL ....J -< 0 0.. H oz N I w 0 -< w >. =~ > 0::: I -<U II z 01 ... . Ii z 0 c c P=l ::E: ::I 0 V) z 91 0 $-l Z 0::: U z I w -< ~ Q) H 0.. :3 " bD ~ c 0 'D p;:: H I I - &: I ! 0 ell ..0 ~ CD E " ... ..! 0 I 'D ::I 0 I ....J U u: a:lI Inventory of the real and personal estate of LILA O. PHIPPS deceased Alltel Corp., 98 shares AT&T Wireless Services Inc., 48 shares AT&T Corp., 150 shares BellSouth Corporation, 780 shares Legg Mason, 7,177.241 shares Lucent Technologies, Inc., 128 shares PA Insured Municipal Income, 14 shares PA Insured Municipal Income, 45 shares PA Insured Municipal Income, 75 shares PA Insured Municipal Income, 2 shares PA Insured Municipal Income, 10 shares PNC Financial Services, 1,561.523 shares Sprint Corp., PCS series 1, 400 shares Sprint Corp., 800 shares MBNA, certificate MBNA, certificate Cash on hand Jewelry/Silver Legg Mason, cash management account Misc. personal effects Safe deposit box contents US Treasury, income tax refund Dividends accrued dividends total: """"W $6,194 58 821 76 3,144.00 32,529.90 404,543.98 894.08 8,518.44 2,985.47 ~>714.00 I 372.00 It 1,172.50 I' 32,261.07 10,012.00 18,100.00 52,645.79 12,21"j .02 47C .00 4,15 .50 38,78 .15 2 ,00( .00 3,43:.00 2,31 c . 00 510.00 $647,79 .24 'v /6".:2~?-Y' 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 OF DEDUCTIONS AND ASSESSMENT OF TAX ROGER B IRWIN ESQ IRWIN ETAL 60 W POMFRET ST CARLISLE '0,2 jUj~ 1 0 8 :U7 DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 06-04-2002 PHIPPS 07-19-2001 21 01-0710 CUMBERLAND 101 * REY-15~7 EX AFP tOl-02J LILA o Allount Rellitted l... _ P A lC':{U~ MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ REY=is47-iif-iFP-fcir:ozi--tiCffici--OF-'rNHEiiiTiNCi-TAX-APPRAisEiiEti~--ii:rowiiici-oi----------------- DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF PHIPPS LILA 0 FILE NO. 21 01-0710 ACN 101 DATE 06-04-2002 TAX RETURN WAS: (X) ACCEPTED AS FILED ) CHANGED RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Stock/Partnership Interest (Schedule C) 4. Mortgages/Notes Receivable (Schedule D) 5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) 7. Transfers (Schedule G) 8. Total Assets (1) (2) (3) (4) (5) (6) (7) .00 531~773.78 .00 .00 116~017.46 6~252.45 8JOOO.00 (8) APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adll. Costs/Misc. Expenses (Schedule H) 10. Debts/Mortgage Liabilities/Liens (Schedule I) 11. Total Deductions 12. Net Value of Tax Return 13. Charitable/Governllental Bequestsi Non-elected 9113 Trusts (Schedule J) 14. Net Value of Estate Subiect to Tax (9) llO) 27,851.31 4.663.17 lll) ll2) ll3) ll4) NOTE: To insure proper credit to your account, subllit the upper portion of this forll with your tax paYllent. 662,043.69 32.514 48 629,529.21 12,600.00 616,929.21 NOTE: I~ an assessment was issued previously, lines 14, 15 and/or 16, 17, 18 and 19 will re~lect ~1gures that include the total o~ ALL returns assessed to date. ASSESSMENT OF TAX: 15. Allount of Line 14 at Spousal rate 16. Allount of Line 14 taxable at Lineal/Class A rate 17. A_ount of Line 14 at Sibling rate 18. Amount of Line 14 taxable at Collateral/Class B rate 19. Principal Tax Due ll5) .00 X 00 = .00 ll6) 606,929.21 X 045 = 27,311.81 ll7) .00 X 12 = .00 ll8) 10,000.00 X 15 = 1,500.00 ll9)= 28,811.81 TAX CREDITS: .- ft . . .-."".. I "..-..... . I+J AMOUNT PAID DATE NUMBER INTEREST/PEN PAID (-) 10-17-2001 CDOO0397 1,394.74 26,500.00 04-18-2002 CDOOI082 .00 917.07 TOTAL TAX CREDIT 28,811.81 BALANCE OF TAX DUE .00 INTEREST AND PEN. .00 TOTAL DUE .00 . IF PAID AFTER DATE INDICATED, SEE REVERSE 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.) COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG. PA 17128-0601 REV-1162 EX(11-96) RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT ROGER B IRWIN 60 WEST POMFRET STREET CARLISLE, PA 17013 -------- fold ESTATE INFORMATION: SSN: 146-22-1653 FILE NUMBER: 21-2001- 0710 DECEDENT NAME: PHIPPS LILA 0 DA TE OF PAYMENT: 1 0/1 7 /2 001 POSTMARK DATE: 00/00/0000 COUNTY: CUMBERLAND DATE OF DEATH: 07/19/2001 NO. CD 000397 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 I $26,500.00 I I I I I I I I TOTAL AMOUNT PAID: REMARKS: LEGG MASON C/O ROGER B IRWIN CHECK# 70132808 SEAL INITIALS: PB RECEIVED BY: $26,500.00 MARY C. LEWIS REGISTER OF WILLS REGISTER OF WILLS COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 REV-1162 EX! 11-96) RECEIVED FROM: PENNSYLVANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT IRWIN ROGER B ESQ 60 W POMFRET ST CARLISLE, PA 17013 .---.-.- fold ESTATE INFORMATION: SSN: 146-22-1653 FILE NUMBER: 2101-0710 DECEDENT NAME: PHIPPS LILA 0 DATE OF PAYMENT: 04/18/2002 POSTMARK DATE: 0010010000 COUNTY: CUMBERLAND DATE OF DEATH: 07/19/2001 NO. CD 001082 ACN ASSESSMENT CONTROL NUMBER AMOUNT 101 I $917.07 I I I I I I I I TOTAL AMOUNT PAID: REMARKS: ROGER B IRWIN ESQUIRE CHECK# 2771 SEAL INITIALS: VZ RECEIVED BY: REGISTER OF WILLS $917.07 MARY C. LEWIS REGISTER OF WILLS ~ / STATUS REPORT UNDER RULE 6.12 Name of Decedent: LILA O. PHIPPS Date of Death: JULY 19.2001 No. 21-01-0710 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: ---X- Yes _ No 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: 3. If the answer to No.1 is Yes, state the following: a. Did the personal representative file a final account with the Court? Yes X No 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? X Yes No d. Copies of receipts, releases, joinders and approvals of formal or informal accounts may be filed with the Clerk of Orphan's Court and may be attached to this report. Date: 6/12/03 "3. ~ ~ ~I :DO: 0: l""'"\ P ,i,,) .0 <= s:: .~J j .~'''-. <j6 IRWIN, Mc GHT & HUGHES Roger B. Irwin. Esquire Name (please type or print) 60 West Pomfret Street Address Carlisle. P A 17013 City, State, Zip (717) 249-2353 Telephone Number oo:::t ;q (Y""l D- 0\ ...- Z ::::J -:> Capacity: Personal Representative X Counsel for Personal Representative Cumberland County - Register Of Wills Hanover and High Street Carlisle, PA 17013 Phone: (717) 240-6345 Date: 6/10/2003 PHIPPS CLAUDE 0 PO BOX 412 NEWBURY, VT 05051 RE: Estate of PHIPPS LILA 0 File Number: 2001-00710 Dear Sir/Madam: It has corne to my attention that you have not filed the Status Report by Personal Representative (Rule 6.12) in the above captioned estate. As per the AMENDMENTS TO SUPREME COURT ORPHANS' COURT RULES, NO. 103 SUPREME COURT RULES DOCKET NO.1, for decedents dying on or after July 1, 1992, the personal representative or his counsel, within two (2) years of the decedent's death, shall file with the Register of Wills a Status Report of completed or uncompleted administration. This filing will become delinquent on: 7/19/2003 Your prompt attention to this matter will be appreciated. Thank You. Sincerely, DONNA M. OTTO DEPUTY REGISTER OF WILLS cc: j File Counsel Judge \. OFFICIAL USE ONLY REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT /0 o<v7~ 'f FILE NUMBER .AEV-1~OO ex + (6.00) CAPB HpRL EplO CRAC KoTK ES C P o 0 R N R 0 E E S N T C o M P T U A T X A T I o N o E C E o E N T COMMONWEA.L1HOF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128.0601 DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) Phi s Lila O. DATE OF DEATH (MM-DD-YEAR) NUMBER 21-01-0710 DATE OF BIRTH (MM-DD-YEAR) COUNTY CODE YEAR SOCIAL SECURITYNUMBER 146-22-1653 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE 07/19 2001 05/02/1909 IF APPLICABLE SURVIVIN SPOUSE'S NAME AST, FIRST, AND MIDDLE)NITIAL REGISTER OF WILLS sac AL SECURfTYNUMBER X 1. Original Return 4. Limited Estate X 6. Decedent Died Testate 3. date of death . RemaInder Return prior to 12-13-82) 5. Federal Estate Tax Return Required 8. Total Number of Safe Deposit Boxes 2. 4a. (Attach copy of Will) o 9. Litigation Proceeds Received Supplemental Retu.m Future Interest Compromise (date of death after 12-12-82) 7. Decedent Maintalned a llvlng Trust (Attach copy of Trust) 1 o 10. Spousal Poverty Credit 0 11. Election to tax under Sec. 9113(A) (date of death between 12-31-91 a.nd 1-1-95) (Attach Sc:h 0) . THISlIl!.C:TION MUST BE COMPLETI!&.AU COFlRE$PONDENCE&cOlIIFIDENTIAL TA)CllIIFQRMATIOlll SHoULD BE DIFlECTI!&1t), NAME COMPLETE MAILING ADDRESS Ro er B. Irwin Es . FIRM NAME ([f Applic:able) IRWIN McKNIGHT & HUGHES TELEPHONE NUMBER 60 West Pomfret Street West Pomfret Professional Carlisle, PA 17013 Bldg. ......~ r ;;..:'..... d R E C A P I T U L A T I o N 49- 35 Real Estate (Schedule A) Stocks and Bonds (Schedule B) Closely Held Corporation, Partnership or Sole-Proprietorship 4. Mortgages & Notes Receivable (Schedule 0) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) o Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (7) (Schedule G or LI 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) (9) 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10) 11. Total Deductions (total Lines 9 & 10) 12. Net Value of Estate (Line 8 minus Line 11) 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) , 14. Net Value Subject to Tax (Line 12 minus Line 13) (8) 662,043.69 (11) 32,514.48 (12) 629,529.21 (13) 12,600.00 (14) 616,929.21 Nohe 531,773.78 None (1) (2) (3) OFF[CIAL USE ONLY t'--:I \::J (4) (5) None 116,017.46 6,252.45 (6) I,)"' 8,000.00 27,851. 31 4,663.17 SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 15. Amount at Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116(a)(1.2) 16. Amount of line 14 taxable at lineal rate 17. Amount of line 14 taxable at sibling rate 18. Amount of line 14 taxable at collateral rate 19. Tax Due 20. (15) (16) (17) (18) (19) 0.00 27,311.81 0.00 1.500.00 28,811. 81 x X X X .0 0 .045 .12 .15 0.00 606,929.21 0.00 10,000.00 Copyright (el 2000 form software only The Lackner Group, InG. FormAEV-1500 ex (Rev. 6-00) Decedent's Complete Address: STREET ADDRESS 41 Hemlock Circle CITY I STATE I ZIP Newville PA 17241 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1) 28,811.81 0.00 26,500.00 1,394.74 Total Credits ( A + B + C) (2) 27,894.74 3. Interest/Penalty if applicable O. Interest E. Penalty Totai InterestlPenalty ( 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) A. Enter the interest on the tax due. (SA) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) Make Check Payable to: REGISTER OF WillS, AGENT 0.00 0.00 917.07 0.00 917.07 .. . Pl~A~~ ANSWE~ TH~ ~:Jl.lO~ING QUES~iON~ B~:P~ACI~~ AN 1. <:""! ""ii"';, '''X'' :1~f~:~'~~~~~~'~I~~~!~~@B:~i~i Yes No ~~ Did decedent make a transfer and: a. retain the use or income of the property transferred; b. retain the right to designate who shall use the property transferred or its income; . c. retain a reversionary interest; or . d. receive the promise for life of either payments, benefits or care? 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? . 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? . IT] D []] []] 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FilE IT AS PART OF THE RETURN. D D Under penalties of perjury, I declare that 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 personal representative is based on all information of which preparer has any knowledge. Claude O. Phipps P.O. Box 412 - - - - - - ~ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ~ - Newbur ,VT 05051 IRWIN McKNIGHT & HUGHES 60 West Pomfret Street ---Ca;':Cisi;'-,--PA - -i i6i'3- - - ------ -- ---- ----- --- DATE 2.$ ~r"! t:? 2- DATE For dates of d th n 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 spoue s 3% [72 P.S. 9116 (a) (1.1) (ill For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [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 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 beneficiaries 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(aX1.3)]. 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. Copyright (c) 2000 form software only The Lackner Group. Inc. Form REV-1500 EX (Rev. 6-00) REV-1503 EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE B STOCKS & BONDS ESTATE OF FILE NUMBER Lila O. Phipps SSIf 146-22-1653 07/19/2001 21-01-0710 ITEM NUMBER 1 10 11 12 13 14 15 All property jointly-owned with right of survivorship must be disclosed on Schedule F. DESCRIPTION 98 shares ALLTEL Corp - traded on the NYSE, common 2 48 shares AT&T Wireless Services Inc. - traded on the NYSE, common 3 150 shares AT&T Corp - traded on the NYSE, common 4 780 shares Be11South Corporation - traded on the NYSE, common 5 Dividends accrued & payable after d/o/d 6 7,117.241 shares Legg Mason 7 128 shares Lucent Technologies Inc. - traded NYSE, common 8 14 shares Pennsylvania Insured Muncipa1 Income 45 shares Pennsylvania Insured Municipal Income 75 shares Pennsyvlania Insured Muncipa1 Income 2 shares Pennsylvania Insured Municipal; series 97S 10 shares Pennsylvania Insured Municipal Income 1,561. 523 shares PNC Financial Services 9 400 shares Sprint Corp., PCS series 1 800 shares Sprint Corp. - traded on the NYSE, common UNIT VALUE 63.21 17.12 20.96 41.705 56.84 6.985 608.46 66.34375 129.52 186.00 117.25 20.66 25.03 22.625 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. TOTAL (Also enter on line 2, Recapitulation) VALUE AT DATE OF DEATH 6,194.58 821.76 3,144.00 32,529.90 510.00 404,543.98 894.08 8,518.44 2,985.47 9,714.00 372.00 1,172.50 32,261. 07 10,012.00 18,100.00 531,773.78 Form REV-1503 EX (Rev. 1-97) REV~ 1508 EX + (1-97) COMMONWEA.LTH OF PENNSYlV.A.NIA. INHEAITANCETAX RETURN RESIDENT DECEDENT ESTATE OF Lila O. Phipps SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY SSft 146 - 22 -1653 07/19/2001 FILE NUMBER 21-01-0710 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM NUMBER 1 MBNA, certificate DESCRIPTION VALUE AT DATE OF DEATH 52,649.79 2 MBNA, certificate 12,217.02 3 Cash on hand 470.00 4 Jewelry/Silver (appraisal attached) 4,151.50 5 Legg Mason, cash management 38,781.15 6 Miscellaneous personal effects 2,000.00 7 Safe deposit box contents - jewelry, gold, cash 3,433.00 8 US Treasury, 2001 refund 2,315.00 TOTAL (Also enter on line 5. Recapitulation) $ 116,017.46 (If more space is needed, insert additional sheets of the same size) CopyrIght (e) 1996 form software only CPSystems, Inc. Form REV-1 508 EX (Rev. 1-97) REV-1509 EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Lila O. Phipps SCHEDULE F JOINTLY-OWNED PROPERTY SSII 146-22-1653 07/19/2001 FILE NUMBER 21-01-0710 If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. A. SURVIVING JOINT TENANT(S) NAME Claude O. Phipps ADDRESS P.O. Box 412 Newbury, VT 05051 RELATIONSHIP TO DECEDENT Son B. c. JOINTLY-OWNED PROPERTY, LETTER DATE DESCRIPTION OF PROPERTY % OF DATE OF DEATH ITEM FOR JOINT MADE Include name of financial institution and bank: DATE OF DEATH DECD'S VALUE OF account number or similar identifying number. NUMBER TENANT JOINT Attach deed for jointly-held real estate. VALUE OF ASSET INTEREST DECEDENT'S IN TERES 1 A 07/01/71 M&T Bank, checking 7,048.49 50.00% 3,524.25 2 A 12/23/82 M&T Bank, savings 5,456.39 50.00% 2,728.20 TOTAL (Also enter on line 6, Recapitulation) S 6,252.45 T (If more space is needed insert additional sheets ofthe same size) Copyright (e) 1996 form software only CPSystems, Inc. Form REV-1509 EX (Rev. 1-97) REV-1510 EX +(1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Lila O. Phipps SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY SSIf 146-22-1653 07/19/2001 FILE NUMBER 21-01-0710 This schedule must be completed and filed if the answer to any of questions 1 through 4 on page 2 is yes. DESCRIPTION OF PROPERTY % OF ITEM RELAW8kM~I~ ~~b~~~6~~TTr~J~~~~IT~E6F ~~~~RSFER. DATE OF DEATH DECD'S EXCLUSION TAXABLE VALUE NUMBER ATTACH ACOPYOF THE DEED FOA REAL ESTATE. VALUE OF ASSET INTEREST (IF APPLICABLE) 1 Claude O. Phipps, son, cash 5,000.00 3,000.00 2,000.00 12/02/2000 2 Connie L. Phil leo, 5,000.00 3,000.00 2,000.00 daughter-in-law, cash 12/02/2000 3 Kimberly Rissone, 3,000.00 3,000.00 0.00 grandchild, cash 12/02/2000 4 Louise P. Clark, daughter, 5,000.00 3,000.00 2,000.00 cash 10/27/2000 5 Peter A. Phipps, son, cash 5,000.00 3,000.00 2,000.00 12/02/2000 TOTAL (Also enter on line 7, Recapitulation) S 8,000.00 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1510 EX (Rev. 1-97) Estate of: Lila O. Phipps Sac See #: 146-22-1653 Date of Death: 07/19/2001 Continuation of Schedule H-B7 (Other Administrative Costs) Item # Description Amount 7 Patricia A. Rosendale CPA - 2001 income tax preparation 170.00 8 Register of Wills - filing fee 25.00 9 Register of Wills, additional probate fee 105.00 10 The Sentinel - Legal - estate notice publication 93.83 393.83 REV-1S11 EX + (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF Lila O. Phipps Debts of decedent must be reported on Schedule I. ITEM NUMBER A. B. 1. SSII 146-22-1653 07/19/2001 FILE NUMBER 21-01-0710 DESCRIPTION AMOUNT 1 FUNERAL EXPENSES, Green Ridge Village memorial service 63.60 2 Neill Funeral Home 112.00 3 uuev, luncheon 500.00 4 Yulia Van Doren, music 50.00 ADMINISTRATIVE COSTS, Personal Representative's Commissions Name of Personal Representative(s) Social Security Number(s) I EIN Number of Personal Representative(s) Street Address City State Zip Year{s) Commission Paid: 2. 3. Attorney's Fees IRWIN McKNIGHT & HUGHES Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address 23,735.00 City Relationship of Claimant to Decedent State Zip 4. Probate Fees Register of Wills 346.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. 1 Other Administrative Costs Claude O. Phipps, travel expenses; postage; etc. 1,130.88 2 Cumberland Law Journal - estate notice publication 75.00 3 Frances H. DelDuca, Esquire 1,005.00 4 Frank Potteiger Auctioneer, appraisal fee 65.00 5 Gay Joy Nelson, jewelry appraisals 75.00 6 Mountz Jewelers, appraisal fees 300.00 Total of Continuation Schedule(s) 393.83 TOTAL (Also enter on line 9, Recapitulation) $ 27,851.31 (If more space is needed, insert additional sheets of the same size) Copyright (e) 1996 form software only CPSystems, Il'IC. Form REV-1511 EX (Rev. 1-97) REV-1512 EX... (1-97) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Lila O. Phipps SCHEDULE I DEBTS OF DECEDENT, MORTGAGE liABiliTIES, AND LIENS SSfl 146-22-1653 FILE NUMBER 21-01-0710 07/19/2001 Include unreimbursed medical expenses. ITEM NUMBER 1 10 11 12 13 14 DESCRIPTION Carlisle Hospital Auxilary, check written 07/11/01 - cleared ban~ 07/20/01 AMOUNT 20.00 2 Carlisle Hospital 232.00 3 Carlisle Imaging 22.00 4 Continuing Care RX 261.68 5 Farrell Veterinary Associates 104.94 6 Green Mountain Energy 22.41 7 Green Ridge Village 3,343.85 8 Legal Services Inc., check written 07/17/01 - cleared bank 07/20/01 30.00 9 Louise P. Clark, funeral expenses 350.48 MAnD, check written 07/17/01 - cleared bank 07/20/01 30.00 MCI Worldcom 60.57 PA Department of Revenue - income tax due 22.00 PP&L 112.95 Sprint Telephone 50.29 TOTAL (Also enter on line 10, Recapitulation) S 4,663.17 (If more space is needed, insert additional sheets of the same size) Copyright (c) 1996 form software only CPSystems, Inc. Form REV-1512 EX (Rev, 1-97) REV-1513 EX + (9-00) COMMONWEALTH OF PENNSYLVANJA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF SCHEDULE J BENEFICIARIES Lila O. Phioos SSjf 146-22-1653 07/19/2001 FILE NUMBER 21-01-0710 RELATIONSHIP TO OEC~DENT AMOUNT 011 SHARE 00 Not List TNstee(s) OF ESTATE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY I. TAXABLE DISTRIBUTIONS [include outright spousal dIstributions, and transfers under Sec, 9116(a)(1.2)] 1 Leon & Mary Fitts caretakers for Gus 131 East High Street Carlisle, PA 17013 Friend 10,000.00 2 Malcolm D. Alexander 1206 Ingraham Street NW Washington, DC 20011 Grandson 1/2 of 1% 3 Paul DuBois Alexander 10144 Shelldrake Circle Damascus, MD 20872 Grandson 1/2 of 1% 4 Samantha R. Alexander 10144 Shelldrake Circle Damascus, MD 20872 Granddaughter 1/2 of 1% 5 Louise P. Clark 14221 Black Ankle Road Mount Airy, MD 21771 Daughter 1/3 remainder ENTER DOLLAR AMTS. FOR DISTRIBUTIONS SHOWN ABOVE ON LN. 15 THRU 16, AS APPROPRIATE, ON REV 1500 COVER SHEET II. NON-TAXABLE DISTRIBUTIONS, A. SPOUSAL DISTRIBUTIONS UNDER SEC. 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE 1 B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS Bosler Free Library P.O. Box 730 Carlisle, PA 17013 200.00 2 Carlisle Area League of Women Voters P.O. Box 333 Carlisle, PA 17013 100.00 3 AAUW Carlisle Chapter 100.00 Total of Continuation Schedule(s) 12,200.00 12,600.00 TOTAL OF PART II - 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) CopyrIght (c) 2000 form software only The Lackner Group. Inc. Form REV-1513 EX (Rev. 9-00) Estate of: Lila O. Phipps Soc Sec #: 146-22-1653 Date of Death: 07/19/2001 Continuation of Schedule J, Part lI-B (Charitable and Governmental Bequests) Item # Description Amount or Share of Estate P.O. Box 815 Carlisle, PA 17013 4 Carlisle Civic Club 264 West Pomfret Street Carlisle, PA 17013 100.00 5 Carlisle Garden Club c/o Ethel Meads 151 West High Street Carlisle, PA 17013 100.00 6 Domestic Violence Services P.O. Box 1039 Carlisle, PA 17013 200.00 7 Friends of Legal Services 8 Irvine Row Carlisle, PA 17013 100.00 8 Harrisburg Unitarian Church 1280 Clover Lane Harrisburg, PA 17101 1,000.00 9 Nature Conservancy of PA 1100 E. Hector St. Suite 470 Conshohocken, PA 19428 100.00 10 Planned Parenthood 1514 North Second Street Harrisburg, PA 17102 100.00 11 Project S.H.A.R.E. 201 West Louther Street Carlisle, PA 17013 200.00 12 Unitarian Universalists Church P.O. Box 207 Boiling Springs, PA 17007 10,000.00 13 United Way of Greater Carlisle Area 801 W. High Street Carlisle, PA 17013 100.00 Estate of: Lila O. Phipps Soc Sec #: 146-22-1653 Date of Death: 07/19/2001 Continuation of Schedule J, Part II-B (Charitable and Governmental Bequests) Item # Description Amount or Share of Estate 14 YWCA 301 G Street Carlisle, PA 17013 200.00 12,200.00 Estate of: Lila o. Phipps Sac Sec #: 146-22-1653 Date of Death: 07/19/2001 Item # Continuation of Schedule J, Part I (Taxable Bequests) Name and Address of Beneficiary Relationship Amount or Share of Estate 6 Emily M. Hughes 6603 Senecca Lane Sykesvi11e, MD 21784 Granddaughter 7 Emma N. Hughes 6603 Senecca Lane Sykesvi11e, MD 21784 Granddaughter 8 Austin R. Phi11eo 877 Los Co10nis Drive Virginia Beach, VA 23456 Grandson 9 Kate1yn M. Phi11eo 877 Los Co10nis Drive Virginia Beach, VA 23456 Granddaughter 10 Victor A. Phi11eo 877 Los Co10nis Drive Virginia Beach, VA 23456 Grandson 11 Benjamin G. Phipps 124 Alfred Drowne Road Barrington, RI 02806 Grandson 12 Claire S. Phipps 124 Alfred Drowne Road Barrington, RI 02806 Granddaughter 13 Claude o. Phipps P.O. Box 412 Newbury, VT 05051 Son 14 Molly E. Phipps 42-B Carrington Providence, RI Granddaughter Avenue 02906 15 Peter A. Phipps 124 Alfred Drowne Road Barrington, RI 02806 Son 16 Rose J. Phipps 124 Alfred Drowne Road Barrington, RI 02806 Granddaughter 1/2 of 1% 1/2 of 1% 1/2 of 1% 1/2 of 1% 1/2 of 1% 1/2 of 1% 1/2 of 1% 1/3 remainder 1/2 of 1% 1/3 remainder 1/2 of 1% Estate of: Lila O. Phipps Soc Sec #: 146-22-1653 Date of Death: 07/19/2001 Item It Continuation of Schedule J, Part I (Taxable Bequests) Name and Address of Beneficiary Relationship Amount or Share of Estate 17 Kimberly P. Rissone 13331 88th Place NE Kirkland, WA 98034 Granddaughter 1/2 of 1% -, '. LAST WILL I, LILA O. PHIPPS, of 41 Hemlock Circle, Green Ridge Village, Newville, Cumberland County, Pennsylvania, declare this to be my Last Will and revoke any wills previously made by me, 1. I direct that any and all inheritance, estate and transfer taxes imposed upon my estate passing under my will or otherwise, shall be paid out of the principal of my residuary estate, II. If the time comes when I can no longer take part in decisions for my own future, let this statement stand as the testament of my wishes: If there is no reasonable expectation of my recovery from physical or mental disability, I request that I be allowed to die and not be kept alive by artificial means or heroic measures. Death is as much a reality as birth, growth, maturity and old age - it is the one certainty. I do not fear death as much as I fear the indignity of deterioration, dependence and hopeless pain, I ask that medication be mercifully administered to me for terminal suffering even if it hastens the moment of death. This request is made after careful consideration. I direct that my body shall be turned over to the Humanity Gifts Center of t ~ the Pennsylvania Medical Society, in accordance with instructions I have previously made with said Center as a donor under the pennsylvania Uniform Anatomical Gift Act, for the purpose of medical and anatomical research. III. I give and bequeath the sum of One Thousand and nollOO ($1,000) Dollars to the Harrisburg Unitarian Church. ~ IV. I bequeath $10,000 to the Unitarian Universalists (Church) of Cumberland Valley, P.O. Box 207, Boiling Springs, PA, 17007. V. I bequeath $100 to each of the following: Carlisle Area League of Warn en Voters AAUW Carlisle Chapter Carlisle Civic Club Carlisle Garden Club Friends of Legal Services of Carlisle Nature Conservancy of Pennsylvania _ United Way of Greater Carlisle Area Planned Parenthood of Pennsylvania VI. I bequeath $200 to each of the following: YWCA of Carlisle Friends of Basler Free Library S.H.A.R.E. Food Bank Domestic Violence Services VII. I bequeath my household goods, wearing apparel, jewelry, and similar tangible personal property and effects (excluding cash, stocks, bonds and automobile) in equal shares to my children, Louise Phipps Clark, Claude Olton Phipps and Peter Alan Phipps, or to such of them as shall survive me with distribution to be made by my personal representative in accordance with the following instructions: ~ .~ 1) My personal representative shall inventory my personalty not otherwise donated and divide my personalty into four categories being jewelry, silver (including flatware and service), china and glassware, and household effects. My children shall then take turns selecting items from each category with the oldest to have the first selection of category, and the selection of the first item within that category. On each successive round of selections within a category, the next oldest will be the first selector and the next older shall also be the selector of the next category after each category is exhausted. (Order of selection: I 2 3, 2 3 I, 3 I 2, I 2 3). My personal representative shall resolve all conflicts and disputes which may rise in regard to the selection of personalty in his or her absolute discretion. 2) Those items of personalty which are not distributed pursuant to the provisions hereinabove shall be either distributed to the thrift shop or gift shop at Green Ridge by my personal representative or sold with the proceeds added to the residue of my estate. VIII. I give and bequeath one-half (1/2%) of one percent of the gross estate to each of my grandchildren as follows: Malcolm Douglas Alexander Paul DuBois Alexander Emily Michelle Alexander Hughes Emma Nicole Hughes Austin Ryan Philleo Katelyn Mari Philleo Victor A. PhilleQc Benjamin George Phipps Claire Sherman Phipps Molly Elizabeth Phipps Rose Julia Phipps Kimberly Philleo Rissone Samantha Lynn Alexander in addition to grandchildren and/or stepgrandchildren conceived and surviving at the time of my death. IX. The balance of the residue, I give and bequeath to my three children in equal shares. It is my intent to treat my children equally. In the event any of my children do not survive me, that share I give and bequeath to the children of that child which includes stepchildren. .- 'j X. I hereby direct my executor to establish a trust in the amount of $1 0,000 to provide care for my pet dog, Gus. On the death of Gus, the balance in the trust goes to the caretaker. I appoint Claude Olton Phipps as trustee and I appoint Peter Alan Phipps as a contingent trustee. XI. In the event that any of my property shall pass to a minor, I appoint the parents of the minor to be guardian of any such property with respect to which I am authorized to appoint a guardian. XII. My personal representative, and guardian, 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, and effective until actual distribution of all property A. To retain any or all of the assets of my estate, real or personal, including any shares of stock or other securities I may own of the corporate fiduciary or \ its successor, or the holding company controlling the corporate fiduciary or its successor, \J ~ t t without regard to any principal of diversification or risk. To invest in all forms of property (including stock or other securities of the corporate fiduciary or its successor, or of a holding company controlling the corporate fiduciary or its successor, and conunon trust and mortgage investment funds whether maintained by my corporate fiduciary or its successor or other), without restriction to investments authorized for Pennsylvania fiduciaries, as they deem proper, without regard to any principal of diversification or risk. B. 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. -, " C. To allocate receipts and expenses to principal or income partly to each as they from time to time think proper. XIII. I appoint Claude Olton Phipps executor of this my Last Will. In the event he fails to qualifY or ceases to act, then I appoint Peter Alan Phipps. XIV. I direct that my personal representative shall not be required to give bond for the faithful performance of his duties in any jurisdiction. IN WITNESS WHEREOF, I have hereunto set my hand and seal to this my Last Will this 4th day of June, 2001. ~ SEAL) ., '. The preceding instrument consisting of five (5) page(s) was on the date thereof signed, published and declared by LILA O. PHIPPS, the testator herein, as and for her Last Will, in the presence of us, who at her request, in her presence, and in the presence of each other, have subscribed our names as witnesses hereto. /~?~J/$/d~~ ~'~~.II1QMD!j STATE OF PENNSYLVANIA SS COUNTY OF CUMBERLAND .. We, LILA O. PHIPPS, Frances H. Del Duca and Carol A. Morrow, the testator and witnesses, respectively, whose names are signed to the attached or foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the testator signed and executed the instrument as her Last Will and that she had signed willingly, and that she executed it as her free and voluntary act for the purposes therein expressed, and that each of the witnesses, in the presence and hearing of the testator, signed the will as witness and that to the best of her knowledge the testator was at that time eighteen years of age or older, of sound mind and under no constraint or undue r influence. ~d#~~___ ~ 1 ess ()0J1 U A. tI1OJ1Jl oW Witness ~ ;(~p. Testator SUBSCRIBED, sworn to and acknowledged before me by LILA O. PHIPPS, the testator, and subscribed and sworn to before me by Carol A. Morrow and Frances H. Del Duca this 4th day of June 2001. ,if", ~it ;:(b~ Notary Pub' "'-- .... ...- ~- IllmIIUI. ..... -:::.CUJe._~1KlI'IlIlI'1'UELIC ..,- ~..i-.~:: .- ,.... ". POT rUGLR's AUCTION ~~ .;W- Frank Potteiger Auctioneer .. Complete Auctioneering Service .. Your location or mine . Or f'# buy your entire tot .. Sales Every Tuesday 5:00p.m. at 229 Petersburg Road CARUSLE, PA 17013 ' (717) 243-1388 ~0l,-\ .). ~ ( d-DO \ A 12\'-'\~) ,,-.I\.. -€r- L~ \A.. O. P'r-.i.flPS c..\o C:.. \O-<-'~ \Jh,pf'> (ye.;.,...... (l..\.~"f- V i.\.\~ \o'-.-J.. ~'..lL.~l - ~,"'~\ P\J:z,,'-'l&{Ip..\~<__ ~ tn;..D<'..- ~ \4-4-'6 - - ~--L G.?T CLAUDAE OLTON PHIPPS PO BOX 412 NEWBURY VT 05051 To: From: Date: Subject: Account No.: Claude Olton Phipps Deposit Services department September 18, 2001 Date of Death Lila O. Phipps 409305079,402405165 I AI8N~ I L~~R~_~J We are in receipt of your request for date-of-death information for the above-referenced accounts. The information you requested is as follows: Certificate of Deposit Account Number 409305079: Opened 10/26/00 Balance up to and including July 19,2001: Accrued interest up to and including July 19,2001: . Total balance and accrued interest July 19,2001: Certificate of Deposit Account Number 402405165: Opened 4/8/96 Balance up to and including July 19,2001: Accrued interest up to and including July 19,2001: Total balance and accrued interest July 19, 2001: mjdj Lila O. Phipps Claude O. Phipps POA $ 52,416.11 $ 233.68 $ 52,649.79 Lila O. Phipps $ 12,200.26 $ 16.76 $ 12,217.02 ~ ADi\!\1.S COlJNfYNATIONAL BANK & FARMERS NATIONAL BANK OF NEWVILLE /1 f)i~jjjo" iJ{,id""" elf""Y N4/i"""lltlfnlt CHECKINGSTAT~MENT Fage 1 8-16-01 Account No. 184853 Enclosure Debits 1 ~ 801 LILA 0 PHIPPS OR CLAUDE 0 PHIPPS POBOX 366 NEWBURY VT 05051 It's the time or year for back to school ShOpDi~g! Reme~~er to take vour Visa Check Card. - ~t C2n be used ct the ATM anc for purchases---wherever Visa is accepted. Itl:-.=; the ca::-o. that ;..'orks like a check.. .only better. 18 485 3 55 PRIME CHECKING ACCOUNT Previous Balance +De~osits!Credits -Checks/Debits -Service Fee +Interest Paid Current Balance 6-03-01 1 400.00 .00 400.00 .00 .00 .00 * - - - - uate 7-25 Tracer 1 - -DESCF.I?'I'IVE TRI\..1\lSACTIONS-__-. DescrlDtion CLOSING TRANSACTION - _"::!..--..= - .;... IUTIount 400.00- * - - - - Date 6-03 Be.lance :~OG.OO - - -DAILY BALANCE SUMMARY- - Date Balance 7-25 Date - - - -* Balance DEBIT - CHECKING ACCOUNT CLOSING 19Q?S3MBER I ACCOUNTTITtE L; I ~ .O.Ph ipp.s -- X0~~~~~ VT> U~ 3-:lfDO ( I , ... I-{(-OS ~~ .J. 8"j'J:l{ IJ l clt tt?i\Af t.Lr...t~ DATE: 7-25"-0/ ACCOUNT BAl.ANCE 400 .00 €J.OO t./oo . 00 ACCRUEO INTEREST TOTAL I: 500 I.... 1.0? j!1: I.s..a 5:111. ?i! ..'000001,0000," .,",' J~/ ~ mM&fBank August 3, 200 I RE: Estate Search The Estate of: Date of Death (D.O.D.) LILA 0 PffiPPS 7/1912001 To Whom [t May Concern: Identified below is the account information requested. I. M&T Bank accounts in which the decedent's name appears: Account Type Account Number Account Title Opening Branch D.O.D. Balances (Includes Accr. Int.) $7048.49 Accrued Interest CHECKING SAVINGS 478334 opened 7/1/1971 15004200018536 opened 12/23/1982 LILA 0 PHIPPS CLAUDE 0 PHIPPS LILA 0 PHIPPS CLAUDE PHIPPS 4334 $0 4334 $5456.39 $0 2. Loans, Mortgages, or other obli8ations titled in the decedent's name Account Number Amount Owed Account Description A Safe Deposit Box titled in the Decedent's name existed at our NOBLE BOULEVARD OFFICE. The Safe Deposit Box Number is 0000424. If you have any questions about the information provided, please contact our Records Department at (716) 635-40 10 or 1-800-724- 2440 outside of the Buffalo, NY calling area. Thank you. Sincerely. M&T BANK CORPORATION ~?~/h ~ ~ Authorized Signature ' . BY: DATE: g --3 - ~tn1/ "A<>..."~...t,,ro~C' "'....r1 T.."'r1.......... T....,.... 1"'.......................,.. .,inn \A/~~...... n..:..... nt"'\ "_.. "'7""~ r"o. .u_._ ""I.. ~......^............. o PFPC September 20, 2001 Claude Olton Phipps P.O. Box 412 Newbury, VT 05051-0412 RE: Pax World Balanced Fund AIC #: 040-32049330066 Ref #: B9K013 Dear Mr. Phipps: Thank you for your recent correspondence regarding the above referenced account. We would like to take this time to offer our condolences to you and your family. Please note that a new account has been established as you requested, in the name of Claude Olton Phipps Executor Estate of Lila O. Phipps. The account number is 040-501585. You will receive a statement shortly under separate cover showing this transaction. With regard to the account #040-32049330066, this account was opened on March 31, ]975 as an individual account. The balance as of July 19,2001 was: Date Price Per Share Share Balance Account Value July 19,200 I $20.66 1561.523 $32,261.07 We appreciate this opportunity to be of service and hope that this information is of assistance. If you have any questions, please contact Shareholder Services at 1-800-372-7827. Our representatives are available Monday through Friday between 8:00 a.m. and 6:00 p.m. Eastern Time and will be pleased to assist you. We also invite you to visit the Pax World Fund website at www.paxfunds.com. Sincerely, f\ . 01nY1C CI'llvwhltd Cami Chambers Investor Services Specialist Encl: Copy of Request A member of The PNC Financial Services Group PFPC Inc. 400 Bellevue Parkway Wilmington Delaware 19809 302 791 1700 Estate Valuation Estate of Lila O. Phipps Personal Account Personal and Confidential A Service of Legg Mason Wood Walker, Inc. Financial Advisor - Charles J. McKainlDavid K. Metz - Carlisle, P A August 7, 2001 !.egg Mason Wood Walker. Inc. - 100 Light Slreet- P.O. Box 1476 - Baltimore. Maryland 21203-1476 - (410) 539-??oo We believe lire infororalion 10 be accurate but Legg Mason Wood Walker, Inc. cannot M held respon.dble for any losses cau.'ied by inadvertent errors and/or omission,f. If t/Jere are m,y questions regarding rllis report please contact Legg Mason Wood Walker, In/;. or your Legg Mason Financial Advisor. ~state Valuat10n Personal Account Date of Death: Valuation Date: Processing Date: 07/1912001 07119/2001 08/07/2001 Appraisal of Lila O. Phipps Account: 360-00806 Report Type: Date of Death Number of Securities: 14 File 10: phipps shares or Par Security Description High/Ask Low/Bid Mean andlor Di v and Int Adjustments Accruals Security Value 11 150 AT&T CORP (001957109. T) COM NYSE 07/19/2001 21. 3GOOO 20.56000 H/L 20,960000 3,144,00 Div: 0.0375 Ex: 06/27/2001 Rec: 06/29/2001 Fay: 08/01/2001 5.63 2) 48 AT&T WIRELESS SVCS INC (AWE) COM NYSE 07/1912001 17 ,39000 16,85000 H/L 17,120000 821. 76 3) 98 ALl,oTEL CORP 1020039103, ATI COM NYSE 07/19/2001 64,20000 62.22000 H/L 63,210000 6,194.58 41 7BO BELLSOUTR CORP 1079B60102, BLSI COM NYSE 07/1912001 42.16000 41.25000 H/L 41.705000 32. 529,90 Div: 0.19 Ex: 07/10/2001 Rec: 07/1212001 Pay' OB/01/2001 148.20 51 1111.241 LEGG MASON VALUE n INe 1524659109; LMVTX) CL A PRIM SM NASDAQ 07/1912001 56,84000 Bid 56.840000 404,543.98 G) 128 LUCENT TECHNOLOGIES INC 1549463107, LUI COM NYSE 07/19/2001 7 ,26000 6.71000 H/L 6,985000 894,08 71 2 PENNSYLVANIA INSD HUNS INCH TR (708848398) UT 8ER 97 S OTC 07/1912001 186.00000 Bid 186,000000 312,00 Carryover & daily interest: 4.10 8) 75 PENNSYLVANIA INSD MUNS INCOME (70884C3211 UT SER 131 M OTC 07/19/2.001 129.52000 Bid 129,520000 9.114,00 Carryover & daily interest: 119,25 91 10 PENNSYLVANIA INSD MUNS INCOME (70884C537) UT SER 141 S OTC 07/19/2001 117.25000 Bid 111 .2SI)QO{) 1,112.50 Carryover & daily interest: 11.40 Page 1 This report was produced with EstateVal. a product of Estate Valuations & Pricing System~, Inc. If you have questions, please contact EVP Systems at (8181 313~6300. (Revision 6.3.3) Date of Death: . Valu'atibn Date: Processing Date: 07/19/2001 07/1912001 08/07/2001 Shares or Par Security Description High/Ask 101 45 PENNSYLVANIA INSD MUNS INCOME (70884C610i UT SER 145 S OTe 07/19/2001 Carryover & daily interest: 111 14 PENNSYLVANIA lNSD MUNS INCOME (70884C719) UT SER 150 S OTe 07/19/2001 Carryover & daily interest: 121 BOO SPRINT CORP (852061100) NYSE 07/19/2001 22.90000 131 400 SPRINT CORP 1852061506; PCS) PCS COM SER 1 NYSE 07/19/2001 25.49000 14) 38781.15 Cash (CASH) OTe Accrued Interest Total Value: Total Accrual: Total: $538,293.55 Page 2 Low/Bid 66.34375 Bid 608.46aoo Bid 22.35000 H/L 24.57000 HIL Appraisal of Lila o. Phipps Account: 360-00806 Report Type: Date of Death Number of Securities: 14 File ID: phipps Mean and/or Div and lnt Adjustments Accruals 66.343750 608.460000 22.625000 25.030000 117.46 $509.69 Security Value 2.985.47 57.15 8,518.44 18,100.00 10,012.00 38,781.15 46.50 $537,783.86 This report was produced with EstateVal, a product of Estate Valuations & Pricing Systems, Inc. If you have questions. please contact EVP Systems at (818) 313-6300. (Revision 6.3.3) .!\1Q\JN\~ Trust Your Special Moments To Mountz. ~' ~ fF,t"!;:;) 11',,-'(,,'---. ,'1"-:>\",,, ~....- l~ i i,~,."r:;:'.J-'. ',~" I ~ ] ~..,,' 1,':;: ...,; '...;'.': ",e, ., 2,' n',', ."\',~" ,k, ~" . '.~ ,) \~I April 5, 2002 Mr. Claude Phipps PO Box 412 Newbury, Vermont 05051 IRWIN! McKNIGHi , \4 (li,j ,,.J\ ) '.." Dear Mr. Phipps, At your request I examined the jewelry you submitted for valuation and have provided an opinion of the Fair Market Value. This report is valid only in its entirety and tile final figure excludes any applicable taxes. You may wish to take this into consideration when using tile report. The value conclusions are subject to limiting conditions that are set forth in the body of the report, To the best of my knowledge and experience, I estimate the jewelry has a total Fair Market Value of$4,036.50. I suggest that you keep your copy of this report in a safe place. This report was prepared in accordance with the Unifonn Standards of Professional Appraisal Practice (USPAP) . If I elUl be of any further assist::U1cc, please call. -ArelY'~Lk Amy ~ausch G,G. Graduate Gemologist, GIA Enclosures ~) ~ 153 N, Hanover Street . q.li\W~,of4417013 . (717) 243-4936 www.mountzjeweters.com " ROLEX Table of Contents . Letter of Transmittal . Table of Contents . Purpose . Imended Use . Definition of Fair Market Value . Approach to Value . Market . Limiting Conditions . Subscriptions Retained for Value Cousulting . Metal Markets . Certification . List of Laboratory Instnunents . Item Descriptions This report is valid only in its entirety and for its stated purpose .md intended use and W.1S prepared in accordance with the Uniform Standards or Professional Appraisal Practice (USPAP) Statements and Limiting Conditions Purpose The purpose of this report is to describe and document the qmlity of the jewelry listed and to estimate it's Fair Market Value. Intended Use The intended use of tllis report is for providing an estate appraisal listing the Fair Market Value for use in U,e resolution of the Lila Phipps cstate. Valuation Date:7/19/2001 Definition of Fair Marl'"t Value The fair market value is the price at which the property would change hands between a willing buyer and willing seller. neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts. The fair market value of a particular item of property... is not to be determined by a forced sale price. Nor is the fair market value of an item of property to be determined by the sale price of the item in a market other than that in which such item is most commonly sold to the public, taking into account location of the item wherever appropriate. Taken from Treasury Rcgulation 20.2t131-1 (b) Approach to Value There are three traditional approaches to value that are as follO\\'s: Income approach: Applies to income producing properties and is used only if an income situation or rental property can be identified. Market Data approach: Compares the qlllllities ofU,e subject item to an article with similar or identical qualities, and researches and records current verifiable sales of such merchandise. Cost approach: Establishes the total valuc of an item by considering the value of its component parts (precious metal content, gemstone weights and qualities, labor, and any other fees) together with the appropriate retail markup according to the nonns of the jewelers iu the locale, supply and demand, and the current state of the marketplace. Page 2 of]4 Fair Market Value is estimated using the market data approach. Neither the income approach nor the cost approach apply in establishing Fair Market Value. However, the cost approach to value was used to check on the reasonableness or market values found. M"rket To value an item a market (;md market level) must be recognized. The most appropriate market for jewelry can vary depending upon the article's age, condition, quality, intrinsic content, aesthetic appeal. provenance. current fashion trends, artistic interpretation, period of manufacture among others. The t:vpe of retail outlet that most commonly carries the items being appraised is considered to be the most appropriate market. Hmvcvcr. the auction market was also considered as another appropriate market in estabhshing Fair market Value for this type ofjewclry. Limiting Conditions The jewelry described within has been analyzed ,md graded in accordance with prescribed grading standards using "state of the art" methods and precision laboratory equipment. Jewelry co'nstnlcted solely of, or in combination with, precious metals (i.e. plC:ltinum, palladium, yellow or white gold andlor silver) is tested, ,malyzed ,md described for its type and content of such metal. Unless otherwise stated, all gemstone weights, grades and measurements are approximate and stones have not been removed from tlleir mountings. Diamonds arc graded with the prescribed grading nomenclature of the Gemological Institute of America (GIA) and the use of pre-graded permanent master diamond color comparison stones. Colored stones are color graded witil the use of the GIA Gem Set color grading system. Unless otherwise stated, all colored stones listed on this appraisal repOft have probably been subjected to variolls treatments to improve their appearance. Treatments are considered usual and customaI)' practices when properly disclosed and when done without intent to defraud the consumer. The treatments arc mostly stable and do not require special care. When a treatment is detected and considered unusU<ll it will be so noted by this appraiser. Some treatments are reversible and re-treatable. It may be beyond the scope of an appraisal to determine exact treatment methods or the amollntof treatment present. Some treatments require sophisticated equipment not found in a standard gemological laboratory. Prevailing market values arc based on these universally practiced and accepted processes by the gems ,md jewelry trade. Sources are assumed to be reliable and the appraiser docs not assume responsibility for their information. The appraiser assumes thc ownership of the subject property is true as stated by the client. The fees paid for this appraisal do not include tile services of tile appraiser for any other matter. In particular, fees paid to date do not include any of the appraiser's time or services in connection Witil any statement, testimony or other matters before an insunmce comp:my, its agents, employees or any court or other body in connection with the property herein described. If the apprdiser is required to testify or to make any st:ltements to a third party concerning the described property and/or apprais~ll, the applicant shall pay the appraiser for all of slIch time and services so rendered. This document is limited to its stated intended use and is invalid if all items listed in the Table of Contents are not present. Unless expressly stated, the items appraised <lre in good condition. Any serious deficiencies and repairs are noted. Ordinary wear and tear is not noted. The information in tius report is confidcntiaL Page 3 of 14 This apptaisal process does not discover liens, encumbrances, or fractional interests but, if known, they are noted. The limited owner of this appraisal is the party for whom the work was performed. Possession of this report does not provide title to tile items appraised. Possession of this report, any portion of this report, or any copy thereof, does not include the right of publication without the appraiser's written consent. Use of the information contained in the appraisal is invalid if all items listed in the Table of Contents are not present. Each item described in this report has been photographed and file copies of the photograph(s) as well as a copy of the report are maintained in the appraiser's files for at least five years after the report date. Third parties may rely on the information in tlus report for the defined purpose and intended use only. Third parties requiring further information than what is in the report must obtain the written permission of tile owner of the appraisal before the appraiser will discus the report. No changes may be made to this report by anyone other than the appraiser. The appraiser cannot be responsible for unauthorized alterations. The professional relationship between the appraiser and the client ends with the delivery of this report. Subscriptions Retained for Value Consulting Drucker, Richard - The Guide. Northbrook, lL Rapaport, Martin - RaoaDort Diamond ReDort, New York, NY Levine, Gail- Auction Market Monitor, Rego Park, NY Metal Market Gold Silver Platinum 7/19/2001 $270.00 $4.23 $515.00 Us! of Laboratory Instruments Binocular nUcroscope Leveridge gauge Electronic scale Thermal conductivity diamond tester Touchstone and acids Ultraviolet light urut Fiber optic light Electronic metals tester Spectrascope Proportionscope Polariscope Dichroscope GIA Gem Set color grading system Refractometer Chelsea color filter Heavy liquids Diamond light and graded master comparison diamonds Page 4 of 14 Certification . I hereby certify tha~ to the best of my knowledge and belief: . The stItements of fact contained in this report are true and correct. . The reported analyses, opinions. and conclusions are limited only by the reported assumptions and limiting conditions, and are my unbiased professional analysis, opinions. and conclusions. . [have no present or prospective interest in tlle property tllat is tlle subject of this report and [have no personal inlerest or bias wilh respect to the parties involved. . My compensation is not contingenl upon the development or reporting of a prede\eIDlined value or direction in value that favors the cause of my clien~ the anJOunt of the value estitrulte, the attainment of a stipulated result, or the occurrence of a subsequent event . I have made a personal inspection of the property thai is the subject of this report. . No one provided significant professional assishmce to the person signing this report . My analyses, opinions, and conclusions were developed, and tlris report has been prepared, in confomrily with the Uniform Standards of Professional Appraisal Practice. ,: h , Page 5 of 14 Prepared For: Mr. Claude Phipps PO Box 412 Newbury, Vermont 0505i Date: 4/5/2002 Item 1 Silver One 14 inch tray with beaded trim. This electroplated tray is american made. Stamped 00344, MBCIEP. Total Approximate Retail Value (d)() % Tax Total Approximate Retail Value Including Tax $5.00 $11011 $5.1111 Item 2 Silver One Reed and Barton electro-plated meat platter measuring i6 1/2" X 12". It is missing the carving insert. The edges are gadroon with aemlthas leaf decoration in the middle of each side. Marked on the bottom with numbers 5105 mld 16. Total Approximate Retail Value 6.00 % Tax Total Approximate Retail Value including Tax $20.011 $0.110 $2000 Itcm 3 Silver One Gorham sterling silver "Marie Antoinette" compote bo\vl. This piece is 11" in diameter and hand engraved in the middle with "LPG", Stamped A 20()Ol Total Approximate Retail Value 6.00 % Tax Total Approximate Retail Value including Tax $215.00 $0.00 $21500 Itcm 4 Silver Flatware Wallace "Stradivaril! sterling flat\vare: (6) place knives 8" (6) place forks 7" (G) saladldessert fork G 3/8" (13) teaspoons G" (4) butter spreaders G" ( 1) sugar spoon 6" (1) lemon fork 5 1/2" (i) gravy/sauce ladle G" $7.80ea $7.80 $7.811 $7 XII $(>.(,() $4G.80 $4G.80 $4G.80 $111140 $2G411 $7XII $7711 $15.00 Page G of 14 (1) cold meat fork (2) tablespoons ((,) creme soup spoons R" R 1/2" 5 114" $15.()() $7XII $15.110 $311.1111 $46.RO Total Approximate Retail Value 6,00 (Yo Tax Total Approximate Retail Value Including Tax $3911.511 $11.011 $3911.511 Item 5 Silver Flatware Six sterling salt spoons from Sterling Silver Mfg. Co. These spoons are the "La Tascau pattern circa 1900. They measnre 2 1/4" Total Approximate Retail Value G.on 0;;) Tax Total Approximate Retail Value Including Tax $711.00 $11.110 $70.1111 Item 6 Silver Flatware One Wallace sterling silver teaspoon. This piece is from the "[rving" pattern circa 1900. the initial S. This spoon measures 5 3/4" Engraved with Total ApproxiIilate Ret)]il Valne 0.00 f% Tax Tolal Approximate Retail Valne Including Tax $11100 $11.1111 $111.1111 Item 7 Silver Flatware One butter spreader made by the Whiting Division of the Gorham co. The pattem is llDrcsdcn" Measures 5 1/4" Total Approximate Retail Value 6.00 % Tax Total Approximate Retail Value Including Tax $10.011 $0.011 $]()OO Page 7 of 14 Item 8 Silver Flatware George W. Admns Sterling flatware for the Chawner Co. The pattern is "Threaded Fiddle" IX44-1845. TIle h:mdlcs are engraved with a griffin head crest. London, Circa (2) Table spoons $125. ea. (l) serving spoon 8 J/4" $100 (3) serving forks 8 114" $300, ea (2) Dillller forks 67/8" $175. ea (2) serving spoons 72/8" $250. ea (I) master sallspoon 4 1/2" gold \vtlsllcd bowl $75. (I) stuffing/serving spoon 12" $450. ( I) punch ladle IJ 1/4" $425 Total Approximate Retail Value 6.00 'X) Tax Total Approximate Retail Vallie Including Tax $2,875.00 $0.00 $2,875.00 Item 9 Silver Flatware One small sterling ladle by Blackinton Co. Bowl is pierced overall with a star mld circle design. Handle engraved 110" This piece measures 4 112" Total Approximate Retail Value 6,00110 Tax Total Approximate Retail Value Including Tax $5.00 $0.00 $5.00 Item 10 Silver Flatware One small sterling sauce ladle made by the Whiling Division of the Gorham Co. The bowl has a gold wash. Engraved LS. This piece measures 5 112" The pattern is "louis XV". Total Approximate Retail Value 6.0() % Tax Total Approximate Retail Value Including Tax $5.0() $0.00 $50() Page 8 of 14 Item II Silver Flahvarc One sterling silver cold meat fork by Gorham. The pattern is "Buttercup" The handle is engraved with the Ictter S. The wide tines arc pierced and have a gold \v~lsh. This piece mC<.lsures 8 5/X" Total Approximate Retail Value 6.00 % Tax Total Approximate Retail Value Including Tax $20.00 $0.00 $20.00 Item 12 Silver Flatware One sterling souvenir dcmi-tasse spoon with bamboo style handle and king neptune in his chariot at the top. Sheffield England 1895-1896 possibly Hy Wilkinson Co. Bowl is engraved: Barbados. This piece measures 4 3/4" Total Approximate Retail Value 6.00 % Tax Total Approximate Retail Value Including Tax $200 $0.00 $200 Item 13 Silver Flatware One sterling silver sugar cube tongs marked 925 Denmark nUlde by George Jensen Co. possibly Lily oftlie Valley. This piece measures approximately 4" The pattern is Total Approximate Retail Value 6.00 % Tax Total Approximate Retail Value Including Tax $5.00 $0.00 $5.00 Item 14 Silver Flatware One International Silver Co. small carving set \vith sterling handles. The fork tines and knife blade arc marked stainless. The pattern is "Governer \Varrcn" circa 1918. The fork measures 8 1/2" and the knife measures 9 1/2" Total Approximate Retail V"ltle 6.00 % Tax Total Approximate Retail Value Including T"x $2000 $0.00 $20.00 P"ge 9 of 14 Item 15 Silver Flatwafe One sterling fmit spoon with a scallop shcll bowl. engraved on the handle with a leller "S". Made by Whiting division of GorlUUll. The pattern is "Lily" circa 1902. This piece measures approximately 7 i/2" Total Approximate Retail Value 6,000;;, Tax Total Approxilllate Retail Value Including Tax $3500 $0.00 $35.00 Item 16 Silver Flatware One sterling cold meat fork by Reed and Barton. The pattem is "Les Six Fleurs". engraved with the letter UN". Circa 19(H. This piece measures 91/4" The back of the handle is Total Approximate Retail Value 6.00 % Tax Total Approximatc Retail Value Including Tax $2500 $000 $25.00 Item 17 Silver Flatware One sterling silvertomato/clIcllmber fork b)' Gorham. Thc pallem IS "Poppy" circa 1894. This 5 3/4" piece is engraved "LMS" Total Approximate Retail Value 6.00 % Tax Total Approximate Retlil Vallie Including Tax $5.00 $0.00 $5.01J Item 18 Silver One knife shlli]lencr with sterling handle. This piccc is engraved "LMS" This 9 5/8" piece has a pallem of flowers on the handle. Total Approximate Ret'lll Value 6.()()%Tax Total Approximate Retail Value Including Tax $10.00 $0.00 $1000 Page 10 of 14 Item 19 Silver Flahyare One Dominick & Hoff sterling oyster fork The p,lttcm is "Renaissance". This 5 1m" piece has trident shaped tines. Neptune [ace on handle and back of lines. Circa 18Y4. Total Approximate Retail Value 6.00 % Tax Total Approximate Retelil Value Including Tax $5.00 $0.00 $5.00 Item 20 Silver Fh.tware One sterling souvenir teaspoon. The bO\vl is engraved with a light house ,U1d Atlantic city. Mfg stamp not found. This spoon is 5 112" Total Approximate Retail Value 6.00 % Tax Total Approx"nate Retail Value Including Tax $200 $(U)O $2.00 Item 21 Silver Flatware One stcrbng silver souvenir teaspoon. The bowl is engraved with a building and the words "Manufactures and Liberal Arts Building. The handle is in the shape of eUl indian chief standing on top of a globe. This 6" picce is backstamped T. C. Tanke. Total Approximate Retail Value 6.III1%Ta, Total Approximate Retail Value Including Tax $2.00 $11.110 $2.011 Item 22 Silver Flatware One sterling teaspoon measuring 53/8", This cnglish piece has a fiddle pattem and engraved on the handle in script is "IFL". This piece is attributed to Richard Crossley, London, 1811-1812. Total Approximate Retail Value 0.00 % Tax Total Approximate Retail Value Including Tax $10.00 $0.1111 $111.00 Page I I of 14 Item 23 Silve,' Flatware One silver teaspoon with a recurved fiddle back handle. This spoon has a bright cut design of flowers and leaves. The bO\vl is pierced \-yith a Hower ;U1d leaf design. This spoon measures approximately 5 1/2" Total Approximate Retail Value 6.00 lYo Tax Total Approximate Retail Value Including Tax $5.00 $0.00 $5.00 Item 24 Silver One sterling silver sugar basket with pierced sides and moveable handle. This basket contains a blue glass insert. The bottom of the basket is stamped Sterling B 30 EXEMPLAR and the logo of the Watson Company. This basket measures 5" x 3 112" On the middle of the handle is engraved a "P" Total Approximate Retail Value 6.00 'Yo Tax Total Approximate Retail Value Including Tax $15.00 $0.00 $15.00 Item 25 Silver One sterling J-lighl candleabmtll that measures 4 1/2" x X 1I4". The bottom of this piece is stamped 8.8.&8 Co. Sterling 1680 E.L. SIL Co. Total Approxililllte Retail Value 6.00 % Tax Total Approximate Retail Value Inclnding Tax $25.00 $0.00 $2500 Item 26 Silver One sterling candlestick] 0" high. The column is a tapered square shape with the corners rounded. this piece is daJnaged near the base. Stamped on the bottom is <M> sterling 408. Tlie letter P is engraved on the column. Total Approximate Retail Value 6.00 % Tax Total Approximate Retail Value Including Tax $10.00 $0.00 $1000 Page 12 of 14 Item 27 Silver One stcrhng candlestick that measures!) 11401 high. The round plain column tapers down to the base. There is a separate candle cuplbobcchc marked Sterling all the bottom. The round base is 37/8" wide. The bollom is marked (JW) .925 sterling <SX> 4(,80. Total Approximate Retail Value 6.00 % Tax Total Approximate Retail Value Including Tax $1Il.00 $0.00 $10.00 Item 28 Poel,et Watch One 14k yellow gold s\viss pendant watch. This ,vatch is 15 jewel 23mm movement. 5X85. The dial is a full figure enameled ,,,"ith an off set second IWlld dial. The case number is Total Approximate Retail Value 6.00 (% Tax Total Approximate Retail Value Including Tax $100.00 $0.00 $100.00 Item 29 Ring One ladies 14k white gold filigree diamond and synthetic sapphire fashion ring. This ring conta.ins (3) old european cut diamonds bead set with (3) channel set sissor cut synthetic sapphires on each side. This ring is a size 8. Diamond Attributes Shape and cut: Measurements: Weight: Clant). Color Diamond Attributes Shape and cut: Measurements: Weight: Clarity: Color: Diamond Attributes Shape and cut Measurements: Weight: Clarit)': Color: Old European 3.20 x 3.00 x 2.(10 nuu (approximate) 0.12 CIs. (estimated) SI-t H Old Europeau 3.40 x 3.20 x 2.12 mJl1 (approximate) 0.15 Cts. (estimated) SI-2 H Old European 3.30 x 3.10 x 1.91 mm (approximate) 0.13 Cts. (estimated) SI-2 H Page 13 of 14 ~ ., ~ Synthetic Sapphil'e Melee Attributes Shape and cut: Weight: Number: Total Weight: .09 Rectangular faceted to .04 cts. each 6 .29 cts. (estimated) Item Attributes Metal: Finish: Setting: Condition: l4K wlnte gold Polished Beadlbczel set Very good Total Approximate Retail Value 6.00 % Tax Total Approximate Retail Value Including Tax $12500 $0.00 $125t)() Total Approximate Retail Value for AlIltems - Excluding Tax: $4.01(,.50 Signature of Appraiser: Four thousand thirty-six dollars and fifty cents ~ <.-. '. ~ c~~ . Am, Rausch G.G. Graduate mologist. GIA Page 14 of 14 , .. , Estate of Lila O. Phipps PO Box 412 Newbury, VT 05051 (802) 866-9008 10 April 2002 Roger B. Irwin, Esquire Irwin, McKnight & Hughes 60 West Pomfret Street Carlisle, P A 17013-3222 RE: Lila O. Phipps PA No. 21-01-0710 Corrections to Mountz Jewelers Appraisal Dear Mr. Irwin, You have received a copy of the Mountz Jewelers Appraisal dated April 5, 2002 that contains some errors caused by incorrect quantities for five items. I just spoke to Amy Rausch, author of the appraisal, and she said it would be correct to multiply the correct quantity by the unit value shown in the report. The affected items are listed below: Item 6 Item 7 Item 25 Item 26 Item 27 silver flatware silver flatware silver candelabrum silver candlestick silver candlestick three each @ $10.00 six each@ $10.00 two each @ $25.00 two each@$IO.OO two each @ $10.00 Total $30.00 Total $60.00 Total $50.00 Total $20.00 Total $20.00 These changes result a net increase to the appraisal of$115.00 for a total of$4151.50. Enclosed is a revised Estate Value Report that reflects these changes. Sincerely; Claude Olton Phipps Executor